Never mind all those surveys and statistics - when businesses start buying trucks, you know things are on the way up. New truck sales were up 35 per cent in January and February, compared to last year. The statistics also give an insight into where growth is likely to come
The Insider: Keep on trucking
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New truck sales were up 35 percent in January.
Neutrally pleased
A few eyebrows were raised around Wellington by Treasury Secretary Gabriel Makhlouf's press release welcoming Prime Minister John Key's announcement on direct trading of the New Zealand dollar and the Chinese renminbi. He may well have been proud of his officials' work in the area, and right about the benefits, but the release from a politically neutral civil servant was a little surprising.
Outward bound
The announcement of the election date means ministers will be keen to get their travelling done before the campaign starts. While John Key is making news in China, Steven Joyce has been on the road in Indonesia and Vietnam. Meanwhile, Nikki Kaye visited the Philippines before joining Tim Groser and the PM in Beijing. Pita Sharples is off to Malaysia, and Foreign Minister Murray McCully is becoming the political equivalent of Bob Dylan with his "never ending tour", beating the drum for New Zealand's place on the United Nations Security Council.
Cross over wires
Wellington's trolley buses are loved by some for their electric power and general quaintness, and hated by others because they break down and block roads. When trolley-lovers were in the ascendancy seven years ago, the 60 vehicles were upgraded for $27 million. But now the Greater Wellington Regional Council wants to remove the 160km of wires, saying they are costly to maintain and upgrade. Wellington Mayor Celia Wade-Brown says she can live with the plan, but her Green councillors are dead against it.
Art critics
Some people are grumbling that appointments to the new Arts Council smack of cronyism, after National MP Maggie Barry's partner Grant Kerr was given a place. This seems a bit hard on the lawyer, who was the co-founder and chairman of the Taranaki Arts Festival Trust. The critics have been quieter about the appointment of former Labour minister Luamanuvao Winnie Laban to the same council.
Well covered
An unnamed Silicon Valley billionaire has taken out the world's most valuable life insurance policy, for US$201 million ($235.5 million). The deal, which has been recognised by the Guinness Book of World Records, surpasses a US$100 million policy sold to Hollywood mogul David Geffen in 1990. And the premium? In "the low, single digits of millions of dollars", said the financial adviser who put the deal together.