Simulation trading floor unveiled at Christchurch uni, 30 years after 1987 crash

A Christchurch university is building on the lessons of the past with the opening of a state-of-the-art simulation trading floor.

The University of Canterbury opened their new high-tech classroom today, just days before the 30th anniversary of Black Tuesday.

The day, marked in New Zealand on October 20, is the largest single day market crash in history.

Economics and finance professor Jedrez Bialkowski says the new facility will help students prepare for a number of situations including future crashes.

"My students will experience those crisis in this room but the losses won't be real," he said.

"Then they can come up with notes not losses."

The new facility was opened by former prime minister and foreign exchange trader Sir John Key.

Three decades since 1987's Black Monday, lessons from one of the world's darkest economic days being used to teach trainee traders. Source: 1 NEWS



Haydo's mailbag: Flying newspapers, changes to Just Juice, and is there any vinegar in salt and vinegar chips?

Haydo's mailbag this week looks at the smaller problems Fair Go's audience are faced with.

This week we start with David in Christchurch.

His problem was his newspaper and how it flew through the air.

"Historically it was delivered, wrapped up in glad wrap as a roll, had very good ballistic properties, always landed on my property and was always dry when you went to pick it up should it be raining.

"It's now delivered instead as a flatpack, which has terrible ballistic properties. Invariably the paper doesn't arrive on my property. It's either on footpath or in the gutter. On a wet day if it gets on the property or not, it gets wet."

The Press tell us they're getting greener.

"The plastic used as part of the new packaging is recyclable. The previous cling film product was not.

"The new plastic has been designed to be as scuff resistant as possible and we do aim to land the paper like a feather. 

"When Mother Nature does get the better of us we offer a redelivery service and we're working with the delivery person to identify better landing spots or tie a rubber band around the paper to minimise damage."

Jan from Wainuiomata has chip issues

"Hi Fair Go, I've always wondered why Copper Kettle Salt and Vinegar chips don't have any vinegar in them. There's none in the ingredients list at all."

Jan's right. The chips contain potatoes, sunflower oil, salt, lactose, sugar and a variety of food acids. Bluebird confirm this.

"Copper Kettle Sea Salt & Vinegar Chips are seasoned with a selection of natural flavours to create a range of tastes, including some that give a vinegar flavour."

It is true these salt and vinegar chips do not contain vinegar but it is true they contain the food acids used to make vinegar.

Another David, from Wellington this time, spotted something different about his Just Juice.

"I was wondering why is the new Just Juice 2.4 litres when it was 2.8 previously in the old packaging."

David's right about the change.

Just Juice say: "We have reduced our bulk Just Juice packs from 2.8L to 2.4L, and at the same time improved bottle functionality and recipes, removing any artificial flavours and replacing them with all natural flavours.  

"We have lowered our recommended pricing for the new packs, but we don't set the retail price so you may see some variation from store to store."

Just Juice wouldn't tell us what their recommended price is but David says on special he pays $4 for the old juice. We found the new juice on sale for $3.90. 


Haydo's mailbag this week looks at the smaller problems Fair Go's audience are faced with. Source: Fair Go

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Watch: 'Meetings have gone successfully' – Shane Jones updates media on NZ First board meeting, before heading off for 'kai'

List MP Shane Jones has emerged from talks with the New Zealand First board touting the 'good spirit' among the members, but not offering any clues as to when an announcement on a new government will be made.

The NZ First caucus has been meeting with the board since this morning and Kiwis were hopeful it would lead to a decision by the end of the day.

Mr Jones was in a positive mood despite the party saying talks would continue in morning. 

"The meetings have gone successfully and people have retired to have a kai. There's a good spirit, a good spirit," Mr Jones said.

When pressed about when the public can expect a decision to be made, he said Mr Peters was the only one who could answer that question.

Seymour says 'Winston is off talking to his imaginary friends' and that nothing has been made public about policy. Source: Breakfast

Mr Jones then said he was leaving to have dinner and discuss his upcoming marriage in Rarotonga. 

In his haste to get away from reporters the NZ First MP almost became stuck in the automatic doors as they closed on him.

The NZ First board members are due to meet again tomorrow morning, so there likely won't be a decision announced until the afternoon at the earliest.

The NZ First board and caucus have been locked inside an all-day meeting at which it was thought a decision would be made. Source: 1 NEWS

The NZ First MP battled with the automatic door before retiring for the evening. Source: 1 NEWS