Saturday, June 27

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How can I not run out of money in retirement?
Business

How can I not run out of money in retirement?

Photo: RNZ Do you have money questions you'd like answered? Email susan.edmunds@rnz.co.nz I am probably typical of a growing percentage of women who find themselves unexpectedly single after a long marriage. I have always been the homemaker and secondary income earner, which means that now I am 59, single, my salary level is moderate and I have a limited number of years until retirement age. I am mortgage free and have around $160,000 in my KiwiSaver. Additionally I have about $250,000 capital in a term deposit at 6.25 percent. My question is should I invest my capital? I know that interest rates are likely to start falling by next year but investing is scary. When my money is in the bank it feels safe. For me it's a large sum of money and I don't want to risk seeing it decrease in val...
Plane crash in Brazil kills all 61 on board
World News

Plane crash in Brazil kills all 61 on board

Photo: AFP / MIGUEL SCHINCARIOL By Ione Wells and Robert Plummer of BBC A plane has crashed in the Brazilian state of São Paulo, killing all 61 people on board. The twin-engine turboprop was flying from Cascavel in the southern state of Paraná to Guarulhos airport in São Paulo city when it came down in the town of Vinhedo, Voepass airline says. Footage circulating on social media shows a plane descending vertically, spiralling as it falls. The ATR 72-500 was carrying 57 passengers and four crew. Local authorities say there were no survivors. BREAKING: Voepass Flight 2283, a large passenger plane, crashes in Vinhedo, Brazil pic.twitter.com/wmpJLVYbB3— BNO News (@BNONews) August 9, 2024 Brazil's President, Luiz Inácio Lula da Silva, expressed solidarity with the families and friends of...
Australian opposition mulls lower taxes for residents in regions
World News

Australian opposition mulls lower taxes for residents in regions

Opposition Leader Peter Dutton (right) with local member Bob Katter (left), a vocal proponent of a "zonal" tax system. Photo: X / Peter Dutton In short: Peter Dutton says he sees a "moral argument" why people in the regions should pay less tax than people in cities because of their higher cost of living. The existing Zone Tax Offset offers a regional tax discount of up to $1,173, but Mr Dutton said he was open to considering options for reform. What's next? Tax experts doubt any change to regional tax arrangements would survive a constitutional challenge. There is a "moral argument" that people who live and work in the regions should pay less tax than city dwellers, Opposition Leader Peter Dutton says. Dutton made the comments at an appearance in Mount Isa alongside local member Bob...
Woman dies in Chicago airport baggage belt accident
World News

Woman dies in Chicago airport baggage belt accident

Photo: SCOTT OLSON By Rachel Looker of BBC A woman has died after becoming trapped in a conveyor belt in a baggage area at Chicago's O'Hare International Airport. Larry Langford, a spokesperson for the Chicago Fire Department, told local media the woman was "entangled in the conveyor belt system used to move baggage" in one of the airport's non-public baggage rooms. Police gave the woman's age as 57 but did not release her name. The US Department of Labor told local media that the woman was not an airport employee. The Chicago Fire Department responded to a call around 07:30 local time to an unresponsive female pinned to machinery used to move baggage. The woman was found in a baggage area in Terminal 5 of the airport, which is used for international flights. Policy say the woman was see...
Crunching the numbers: How does a grocery shop compare to 2022?
Business

Crunching the numbers: How does a grocery shop compare to 2022?

Photo: 123RF What happens when the price at the supermarket checkout keeps rising but your budget does not? In our latest installment of Checkpoint's new series Crunching the Numbers, we are drilling into the detail of the weekly shop from Countdown and PAK'n SAVE to see how much it has gone up since 2022. It is no secret Kiwis are feeling the pinch, so RNZ asked shoppers how much the weekly shop was setting them back. One woman said for a household of four it cost them $200. Another shopper said for their household of four with three teenagers it cost $500. A single pensioner said he usually paid $100 a week. For over two years, Checkpoint has been tracking the price of 36 supermarket items in the same area. Our first shop in May 2022 at Greenlane Countdown cost us $238 dollars and th...
Magnitude-5.3 earthquake hits Tokyo after Japan issued megaquake advisory
World News

Magnitude-5.3 earthquake hits Tokyo after Japan issued megaquake advisory

The prime minister said the government had not received any reports of major damage. Photo: 123RF A magnitude-5.3 earthquake hit Tokyo and eastern parts of Japan on Friday evening (local time), the government said, a day after it issued the first-ever advisory about the risk of a huge earthquake in the west of the country. Although damage to the areas closest to the epicentre was not immediately clear, Prime Minister Fumio Kishida said the government had not received any reports of major damage, speaking at his Tokyo office shortly after the quake. The quake's epicentre was in the Kanagawa prefecture south next to the capital, at a depth of 10km, Japan Meteorological Agency (JMA) said. Kanagawa does not lie within the western zone along the Pacific coast known as the Nankai Trough, whic...
Plane crash in Brazil kills all 62 on board
World News

Plane crash in Brazil kills all 62 on board

By Ione Wells and Robert Plummer of BBC A plane has crashed in the Brazilian state of São Paulo, killing all 62 people on board. The twin-engine turboprop plane was flying from Cascavel in the southern state of Paraná to the main airport in São Paulo city when it came down in the town of Vinhedo, the Voepass airline said. Footage circulating on social media showed a plane descending vertically, spiralling as it fell. BREAKING: Voepass Flight 2283, a large passenger plane, crashes in Vinhedo, Brazil pic.twitter.com/wmpJLVYbB3— BNO News (@BNONews) August 9, 2024 The plane was carrying 58 passengers and four crew. Local authorities said there were no survivors. Authorities said the plane landed on a residential building. Brazil's GloboNews television network showed pictures of a large are...
Olympics 2024 live: Dame Lisa Carrington claims gold, Lydia Ko takes the lead
World News

Olympics 2024 live: Dame Lisa Carrington claims gold, Lydia Ko takes the lead

Photo: AFP/KIRILL KUDRYAVTSEV Lydia Ko has stormed to the front of the pack in the women's individual golf tournament at the Paris Olympics, tied first equal with Morgane Metraux of Switzerland. The last round of the golf will start about 10.30pm on Saturday NZ time. Fresh from claiming gold in the women's kayak fours on Thursday, Dame Lisa Carrington and Alicia Hoskin nabbed another gold in the women's 500m kayak doubles overnight. Cyclists Bryony Botha and Emily Shearman finished 8th in the women's madison final. On Saturday, cyclists Ellesse Andrews and Shaane Fulton are starting the 1/16 sprint finals at about 5.10am after setting New Zealand records during their qualifiers and winning their first head-to-head races. Artistic swimming duo Eva Morris and Nina Brown are competing at th...
Things are getting better – it just might not feel like it yet: Kiwibank
Business

Things are getting better – it just might not feel like it yet: Kiwibank

There's a brighter future for many as the economic clouds over New Zealand are starting to lift, Kiwibank's latest report says. Photo: Pablo Heimplatz / Unsplash Most of the country is starting to recover economically, even if it doesn't feel like it, Kiwibank says. It has released its latest annual regional report, which it described as "tentatively optimistic" about what lies ahead for the country's economy. Every region increased its economic score compared to last year - with the exception of Wellington - although the highest score remains only five out of 10, recorded in Southland. "We're not shooting the lights out by any stretch of the imagination," said Kiwibank chief economist Jarrod Kerr. "What we're really feeling is that things are slightly better than last year but still at...
BBC asks news anchor Huw Edwards to return salary paid since sex offence arrest
World News

BBC asks news anchor Huw Edwards to return salary paid since sex offence arrest

By Paul Sandle, Reuters Huw Edwards pleaded guilty in July to making indecent pictures of children. Photo: JUSTIN TALLIS/AFP Britain's BBC says Huw Edwards, its former news anchor who pleaded guilty in July to making indecent pictures of children, should return the salary he was paid after his arrest in November, adding he had not been up front about the charges. Edwards was the BBC's highest paid journalist and top news presenter until he quit in April, receiving an yearly salary of up to £479,999 (NZ$1.02 million), according to its annual report. He had not been on screen since last July following allegations he had paid a young person for sexually explicit photos, something which was unconnected to the criminal charges. The board of the BBC, which is funded by a fee paid by televi...