Word: zealanders
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...discipline endurance test for the whole family, has become one of the fastest-growing sports in the country. More than 300 races have been scheduled this year, up from 50 last year; twice as many are being planned for 2004. Long a favorite of sportsmen in Australia and New Zealand, expedition racing was popularized in the U.S. by Eco-Challenge, the reality-TV contest produced by Survivor creator Mark Burnett. (The next one, Eco-Challenge Fiji, will air on the USA network...
...been slightly interested in baking and cooking,” the chef begins modestly. It wasn’t until last year, however, that Gilmore began to seriously pursue his hobby. A high school squash champion, he deferred his first year at Harvard in order to compete in New Zealand. Unfortunately for him—but fortunately for tastebuds everywhere—Gilmore sustained an ankle injury and spent two months recovering from reconstructive surgery...
Think globally. Chasing down a decent yield doesn't necessarily mean running up the risk ladder if you consider investments outside the U.S. New Zealand's 10-year government bond, for instance, yields 6%-plus and looks at least as safe as an equivalent U.S. Treasury bond that kicks off about 4%. Why? U.S. interest rates are near 44-year lows, in part because of demand for Tbonds from investors looking for safety in the face of war. As that war demand unwinds, rates will rise again...
Meanwhile, the cost of the war is adding to a massive budget deficit, which puts further upward pressure on rates. And naturally, rates will trend higher as the economy gets on track. Bonds face few of these pressures in such places as Australia, Canada and New Zealand, where economic recovery is already priced into the bond market, and in France and Germany, where growth is so slow (and inflation-fighting governments seemingly so dedicated to keeping it that way) that further rate cuts, and bond-price gains, look likely...
LeBlanc cites groups as diverse as the Maoris of New Zealand and the Greek Mycenaeans to demonstrate that warfare was prevalent in both prehistoric and tribal societies...