New Zealand Star
NewZealandStar.com Tuesday 7th October 2008 Issue 1628
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Classic Comments
"The House of Representatives has shown a catastrophic failure of leadership. Monday’s vote, rejecting Hank Paulson’s admittedly imperfect plan to add liquidity, transparency and perhaps a little capital to the banking system, was shameful. It was a triumph of political expediency over the needs of the nation. The signal was that congressmen would rather save their seats than do what it takes to keep the US payments system functioning. The vote was reversed on Friday but the message cannot be unsaid."
Financial Times editorial
The leading British financial newspaper was making its point in an editorial published on Saturday.

Exchange Rates
$£€United States, DollarEuroNew Zealand, DollarAustralia, DollarJapan, Yen
United States, Dollar-0.7351.5481.346103.2
Euro1.359-2.1051.830140.3
New Zealand, Dollar0.6450.475-0.86966.65
Australia, Dollar0.7420.5461.150-76.65
Japan, Yen0.0090.0070.0150.013-

Sports
  • Former captains offer help to revive Pakistan cricket
  • Largest floating fortress for Chelsea owner
  • Madonna goes on secret dinner with beau
  • Pawar to head ICC

    Auckland
  • Phoenix draw with A-League champs
  • Farmbike accident claims boys life
  • Greens forestry policy tackles illegal logging
  • Auckland man seriously assaulted at his home

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    Breaking News
    Field trials of Indian multidrug started
    Scientists in New Zealand have started the test of 'polypill', a multidrug manufactured by an Indian company to protect against heart disease and...

    Ancient rock art rewrites Australian history
    Wellington, Oct 6 : An extraordinary collection of ancient rock art have suggested that the people of northern Australia have been interacting with seafaring visitors from Asia and Europe for hundreds, possibly thousands, of...

    Kiwis say Bangladesh
    New Zealand captain Daniel Vettori said on Sunday that Bangladesh remained a "formidable" team at home despite an exodus of players to a rebel Indian Twenty20 league.Vettori, who is leading...

    More breaking stories
    International
    Obama and McCain present conflicting views on Iraq
    Presidential candidates Barack Obama and John McCain have presented conflicting visions of how they plan to shrink American military presence in...

    John McCain regarded as a clumsy air force pilot
    Though Republican presidential candidate John McCain has used his war hero status to push his political ambitions, fresh evidence has surfaced that the ex-navy pilot was actually accident...

    Australia says Afghanistan may be neglected in US economic debacle
    Australia’s defence minister, Joel Fitzgibbon, has raised some concerns that the war in Afghanistan may be neglected by the US...

    More international stories
    Business News
    European equities sell off sharply
    Stock markets in Europe joined their Asian counterparts Monday in sending stocks into a...

    Policy experts say more must be done to stimulate US economy
    The Federal Reserve and US Treasury have been asked to take further measures to stimulate the ailing credit...

    Hurricane Ike impact being added up
    The environmental damage from Hurricane Ike is now becoming...

    More business stories

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    Movie Review

    More New Zealand News
  • Former New Zealand opener Wynne Bradburn dies
  • New Zealand predicts deficits as economy worsens
  • Navman slims down, saves fuel
  • Sick leave can predict employee deaths
  • Justice at last for children of the Bounty

    World Rugby
  • Scott leads the way to down his old pals
  • It’s bonus start for Lyn as Newport win
  • Webster delighted by his side’s response
  • Bedwas hopes are blown away
  • Davies punishes battling Llandovery

    Arts
  • Tina Turner returns with impressive performance
  • Lok Sabha likely to be dissolved on October 27
  • Six NU students get unique opportunity to work with Broadway star
  • Factory work Exhibition throws new light on Warhol
  • European Tour to stage 53 golf tourneys

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    Oz
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  • Shane Warne ranks Sachin Tendulkar No. 1 cricketer in the world