Word: zealander
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Dates: during 2000-2009
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...Having moved to Perth from New Zealand little over a year ago, Bryson, 48, is new to the Nullarbor. "The thing that struck me," he says, "is it's the same but different. There's always something a bit different down the road." Today he's especially struck by the tyranny of distance. From Ceduna to Esperance alone, he says, "this distance would get me the whole length of New Zealand...
...Sartor, Della Bosca, Roozendaal, Orkopoulos, Hatzistergos and Tripodi. It's a wonderful achievement for them - and for Australia - that after only a few generations migrant families have seen their kids make it to Parliament. This immigrant upward mobility in politics is one of the things keen observers from New Zealand comment upon when they visit. (Kiwi politicians come in two flavors, not a good sign in a small country prone to exporting its talented people). As in the ranks of the public service and business, non-Europeans (people originally from Asia, the Middle East or the Pacific Islands) will soon...
...carry trade," the practice of large investors borrowing yen cheaply to invest in anything with higher yields?from U.S. treasuries to stocks to emu farms. The carry trade has been blamed for speculative excesses in global stock and commodity markets, not to mention exotic investments like Icelandic and New Zealand currencies. In June, financier George Soros blamed the recent dip in global markets on the BOJ's money-supply tightening since March, noting: "When the Japanese central bank reduced the excess liquidity, this situation had a global effect on currencies, bonds and stocks. It is a correction of the excess...
...always-on global business. Employees arrive early--5 a.m. isn't unusual--to deal with clients in other time zones. They have all honed their techniques for avoiding jet lag and fatigue as they travel from the Colorado office to other U.S. locations, like Hawaii, or to Australia, New Zealand and Malaysia to meet with vendors and train new franchisees who sell the company's high-end gift baskets. But that isn't enough for CEO Cynthia McKay. She believes that good sleep means good business, and she has made it part of her company's workplace culture...
...main drivers of the external accounts crisis is the nation's ongoing interest bill and the profits returning home to foreign investors; despite good prices, export volumes are subdued. The country's top 20 export items are pretty much as they were in 1980. Few New Zealand companies (dairy producer Fonterra is a standout) have annual overseas sales of $1 billion. Only one figures in the 2005 Forbes list of the world's top 2000 companies (Telecom was No. 988; Australia had 38 companies on the list). Not only do the Kiwis need national champions, argues Skilling, but they must...