Risk in the Media
A thought piece ...
"People have a tendency to place elaborate faith in backup systems and safety devices. More pedestrians die in crosswalks than when jay-walking. That's because they have a false sense of security in crosswalks and are less likely to look both ways." Read more.
Risk in the media
Please note that the Risk in the Media section is currently not being updated regularly. The Management Committee are looking at ways to develop this section of the website in order to provide a much improved service to members. Keep checking the website for further updates. If you have any suggestions for improvement or additions to Risk in the Media please forward them to adminofficer@risksociety.org.nz.
We welcome your suggestions each month and invite you to send links to pertinent articles or information.
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January 2011
Business and Finance
Risk - you're surrounded by it
nzherald.co.nz
25 February 2011
We may imagine we're bullet-proof, but life's dangers are always lurking. Read more.
Diversity key to prospering in 2011
stuff.co.nz
3 January 2011
This time last year most financial advisers were being cautiously optimistic, and, after another rollercoaster ride, many have the same view of the investment market this year.
Diversify your investment portfolio, invest for the long term and do your due diligence. Just let those words sink in – you have probably heard them many times before, but have you really lived by them? More...
Global risk currency rally misses NZ dollar
scoop.co.nz
13 January 2011
The New Zealand dollar was little changed despite a global rally in investors’ appetite for riskier, higher-yielding assets after Portugal managed to sell government bonds.
Stocks in Europe climbed as investors were more optimistic about the region’s indebtedness after Portugal sold 1.25 billion euros worth of debt at a yield of 6.72%, below the 7% level regarded as unsustainable. More...
Moodys comfortable with NZ government debt
nzherald.co.nz
14 January 2011
Ratings agency Moody's appears comfortable with the New Zealand government's current and forecast debt levels, saying it is "highly likely" levels will remain on the stronger side of its Aaa sovereign credit rating range.
However Moody's gave a small warning about New Zealand's lack of diversity in the economy and noted the potential risks from the country's reliance on offshore funding. More…
PM denies reneging on mine
nzherald.co.nz
15 January 2011
Prime Minister John Key has rejected claims he has backed away from his commitment to do whatever was possible to recover the bodies of the Pike Rover miners, saying all the evidence showed the recovery plan had failed and it was not possible to enter the mine. More..
Strong demand for bonds
nzherald.co.nz
15 January 2011
The New Zealand Debt Management Office increased the amount of New Zealand government bonds it sold in a tender this week in response to strong demand - particularly from one overseas investor.
The office, which manages the Government's debt, sold $950 million of bonds at a tender on Thursday. It was the largest tender the office has held in decades. More….
NZX abandons plan to set up rival to ASX
nzherald.co.nz
15 January 2011
The NZX has scrapped its plans to launch a low-cost rival trading platform to the ASX after four years of trying to get a licence without success.
The New Zealand stockmarket operator, which owned 50 per cent of AXE ECN, said yesterday the shareholders had decided to wind up the company. More…
European court ruling on gender could
guardian.co.uk
16 January 2011
Top insurers have warned that consumers will face higher costs for car insurance, life insurance and annuities if the European Court of Justice enforces a ban on using gender as a factor in setting premiums.
The Luxembourg court has been asked to rule on an opinion reached by the advocate general, Juliane Kokott, that it is legally inappropriate for insurers to link risk to a person's sex. If the court supports her opinion, UK insurers will no longer be allowed to differentiate between men and women when underwriting a variety of types of financial products. More …
Investors waiting for answers
nzherald.co.nz
17 January 2011
This year several former finance directors such as Bridgecorp's Rod Petricevic and Nathans Finance's John Hotchin will face trial, accused of Financial Reporting Act breaches under the Securities Act.
These defendants and others, who took down millions of dollars when their finance companies collapsed, are defending charges that could lead to them being jailed. More…
More firms likely to fail experts predict
stuff.co.nz
17 January 2011
It could still be several months before all the businesses the September 4 earthquake and Boxing Day aftershock hit crumble for good, insolvency experts say.
HFK Limited director Craig Melhuish said it was likely there would be more Christchurch companies declared insolvent by April or May. More…
Trade deal raises internet liability concerns
nbr.co.nz
17 January 2011
Long-time free trade critic Professor Jane Kelsey has had another crack at the Trans-Pacific Partnership agreement, this time over internet liability.
“A campaign by the US entertainment industry to use the Trans-Pacific Partnership Agreement (TPPA) to make internet firms liable for illegal downloads by their users needs to be headed off at the pass,” said Professor Kelsey, a strong critic of the proposed free trade deal. More…
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Consumer
Kiwis warned of online travel booking scam
scoop.co.nz
13 January 2011
Cheapest deal not always a done one
Kiwis warned of overseas online travel booking scams
With the holiday season in full force, one of New Zealand’s leading travel companies is urging Kiwis to use travel outlets approved by The Travel Agents’ Association of New Zealand (TAANZ) when planning holidays, following reports of several online travel scams originating overseas.
House of Travel Retail Director, Brent Thomas, says the best way to avoid falling prey to these threats is to deal directly with travel consultants represented by TAANZ. By doing so, customers receive competitive travel deals and invaluable advice from some of the most experienced travel consultants in the country. More….
Hair trend raises fear of cancer
nzherald.co.nz
15 January 2011
An investigation is being made into products used in a hair-straightening trend which is sweeping the world because of fears they contain dangerous levels of the cancer-causing chemical formaldehyde.
The Cosmetic, Toiletry and Fragrance Association of New Zealand (CTFA) has issued a warning to hairdressers, saying some products on the market are believed to contain between 10 and 75 times the legal level of formaldehyde. More…
Health
Red meat ups womens stroke risk
stuff.co.nz
4 January 2011
Women who eat a lot of red meat may be putting themselves at increased risk of stroke, a new study of more than 30,000 Swedish women hints.
The study team found that those in the top tenth for red meat consumption, who ate at least 102 grams daily, were 42 per cent more likely to suffer a stroke due to blocked blood flow in the brain compared to women who ate less than 25 grams of red meat daily. More…
Canterbury had record number of Legionnaires cases in 2010
scoop.co.nz
14 January 2011
Canterbury had a record 62 cases of Legionnaires’ disease last year, 22 of which were in December alone – the highest number ever in a month.
The spike is prompting Canterbury District Health Board to heighten warnings about the dangers associated with potting mix and compost. More...
Technology
Kiwi software tracked Oz floods
nzherald.co.nz
15 January 2011
A New Zealand-designed software platform lay behind the computer-generated images of the Brisbane flood broadcast by news organisations on both sides of the Tasman this week. More…
Telecom rival implicated in security breach
nzherald.co.nz
16 January 2011
A major security breach has revealed personal details of every Telecom customer - and a commercial rival is implicated.
The Herald on Sunday accessed the Telecom database using login details supplied by sales staff working for rival telco Slingshot. It gave us names, addresses and billing details for every Telecom customer. More…
Risk and the Environment
Controllers just cannot let go
nzherald.co.nz
26 March 2011
Discussed the ordinary freedom to make adult decisions about personal safety. More.
Christchurch Earthquake Fact Sheets
IPENZ
4 March 2011
Provides an overview, building safety evaluation, liquefaction. More
Could angels have rushed in where fools feared to tread?
Electrolink
January 2011
The fatal explosion at the Pike River coal mine was a tragedy not just for its eventual loss of life but for the fact that overriding concerns for absolute safety were allowed to prevent any rescue attempt from ever being made. More..
La Nina, Global warming to blame for flood
nzherald.co.nz
13 January 2011
Experts blame a combination of a La Nina weather pattern and global warming for the magnitude of the Queensland flood disaster.
One scientist warns the catastrophe is only the start of things to come, saying what are described now as one-in-100-year floods could arrive every 20 years. More…
Mine not safe to re-enter – expert
nzherald.co.nz
17 January 2011
Atmospheric conditions in the Pike River mine have dramatically improved, but to say it is safe to enter is a "quantum leap", an Australian mine expert says. More….
World
World ‘unable to handle any future shocks’
independent.co.uk
13 January 2011
The ability of governments to respond to future shocks is at "critically low levels" after the battering of the credit crisis, according to a report from the World Economic Forum (WEF), the organiser of the Davos summit of political and business leaders. Its annual risk assessment gives warning that the unprecedented peacetime debts racked up by governments as they fought to restore growth have left the global economy in a precarious position. More…
Watching and waiting
economist.com
15 January 2011
The mood on the streets of Tunis remains uncertain. A day after the president, Zine el-Abedine Ben Ali, fled the country (he is now said to be in Saudi Arabia), Tunisia’s future hangs in the balance. With a sense that the revolution is far from over, people have been stocking up on food and anyeother available supplies. More…
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The New Zealand Society for Risk Management does not guarantee the accuracy of any information available in the public domain from media sources. We always endeavour to provide you with information so you can identify who the source is however. If you wish to dispute the accuracy of any information displayed please address this with the media concerned in the first instance and also if appropriate, inform us as of the nature of your concern. The New Zealand Society for Risk Management does not endorse or promote or support any financial or media institution over another. Any suggestions for relevant website content sources will be considered.
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