DUE TO THE LIVE NATURE OF ONE NEWS WE APOLOGISE FOR THE LACK OF CAPTIONS FOR SOME ITEMS. NEW VENTS OPEN, BUT NO SIGN OF MAJOR NEW VOLCANIC ACTIVITY AT MT TONGARIRO. ELATION FOR ONE KIWI; DISAPPOINTMENT FOR ANOTHER. AND THE COMPOSER WHO WROTE THIS FAMOUS MUSIC HAS DIED. # MEMORIES # MAY BE BEAUTIFUL, AND YET... # SCIENTISTS HAVE HAD THEIR FIRST CLEAR LOOK AT THE ACTIVE MOUNT TONGARIRO FOLLOWING MONDAY NIGHT'S ERUPTION. THE MOUNTAIN HAS BEEN RELATIVELY QUIET OVERNIGHT, BUT EXPERTS ARE NOT RULING OUT MORE ACTION FROM THE CRATER. WITH MORE WE'RE JOINED NOW LIVE BY ONE NEWS REPORTER KIM VINNELL. WEATHER IS FINE ENOUGH FOR SCIENTISTS TO EXAMINE DEBRIS FLOW ROCKS BEEN THROWN FLOW DOWN THE SIDE OF THE MOUNTAIN THESE VENTS ARE STILL STEAMING MOUNTAIN QUIET OVERNIGHT SOME RUMBLINGS BUT NOTHING TO INDICATE AN ERUPTION THERE'S NO SURE WAY OF PREDICTING THE NEXT EXPLOSIVE BLAST. SCIENTISTS MONITOR VOLCANOES OFTEN, LOOKING AT EARTHQUAKES AND THAT SORT OF THING, BUT EVEN IN THIS CASE, THE GOVERNMENT SCIENTISTS ACTUALLY SAW AN INCREASE IN SEISMIC ACTIVITY OVER THE LAST FEW WEEKS, BUT IT ACTUALLY GOT A LITTLE BIT MORE QUIET JUST BEFORE THIS EXPLOSION. SO IT SHOWS THAT THERE ISN'T OFTEN A FOOLPROOF WAY OF PREDICTING THESE THINGS. THANKS, KIM VINNELL, LIVE FROM TONGARIRO. OF PREDICTING THESE THINGS. MONITORING STILL CONTINUING TO DETERMINE WHEN TRACKS AND HUTS WILL REOPEN THEY HOPE TO REOPEN SOON BUT SOME STILL HIGH RISK THANKS, KIM VINNELL, LIVE FROM TONGARIRO. MT TONGARIRO MIGHT BE QUIET NOW, BUT IT'S MAKING ITS PRESENCE KNOWN AND NOT JUST IN ITS IMMEDIATE SURROUNDS. PEOPLE AS FAR SOUTH AS WELLINGTON SAY THEY HAVE NOTICED A STRANGE SMELL IN THE AIR. LAST NIGHT, THE KIDS SAID TO ME, 'WHAT'S THAT SULPHUR SMELL?' BECAUSE THEY DIDN'T KNOW ANYTHING ABOUT THE VOLCANO. AND I SAID, 'NO, THAT'S THE VOLCANO.' I HONESTLY SMELLED EGGS. YEAH, I HAD A DREAM ABOUT EGGS, AND IT MUST BEEN THE SULPHUR IN THE AIR. HORIZON'S REGIONAL COUNCIL, WHICH MONITORS AIR QUALITY, SAYS WHILE SULPHUR SMELL'S BEEN REPORTED, IT HAS NOT RECORDED ANYTHING OUT OF THE ORDINARY, ND THERE SHOULD BE NO CAUSE FOR CONCERN. WE WILL HAVE THE LATEST ON MOUNTAIN SITUATION ON THE NEWS AT 4.30 AND THE NEWS HOUR AT 6, PLUS ON OUR WEBSITE AT AT ONENEWS.CO.NZ IT'S BEEN A DAY OF SURPRISES AND DISAPPOINTMENT FOR KIWI COMPETITORS AT THE OLYMPICS. WE WON BRONZE AT THE TRACK CYCLING, BUT MEDAL HOPE RUNNER NICK WILLIS FADED BADLY IN THE 1500M. GRACE EDWARDS REPORTS. NICK STAYING OUT OF TROUBLE. LOOKING FANTASTIC. STAYING NICE AND TALL. HE WAS IN THE RUNNING FOR MUCH OF THE RACE, BUT WHEN THE PACE PICKED UP IN THE LAST 300M, NICK WILLIS JUST DIDN'T HAVE THE LEGS. HE'S GOING TO HAVE TO HANG TOUGH. THE PACE IS BLISTERING UP FRONT. AND, IN THE FINAL MOMENTS, THE BEIJING SILVER MEDALLIST WAS NOWHERE TO BE SEEN, FINISHING NINTH. 1500M LEGEND SIR PETER SNELL SAYS THE SLOW FINISH WAS UNCHARACTERISTIC. HE DOES HAVE AN EXCELLENT FINISH. HE'S GOT A LOT OF GOOD SPEED. BUT, UH, MAYBE THE... TH-THAT TOUGH SEMI-FINAL TOOK THE EDGE OFF HIM. FINISHING FAST NOT A PROBLEM FOR SIMON VAN VELTHOOVEN IN THE KEIRIN. VAN VELTHOOVEN IS IN A GOOD POSITION. THE PHOTO FINISH SO TIGHT, IT TOOK JUDGES FIVE MINUTES TO DECIDE TO AWARD BRONZE MEDALS TO THE KIWI AND HIS DUTCH COUNTERPART. RIDE OF MY LIFE. THEY CAN'T DECIDE. TWO BRONZE MEDALS. IT'S THAT CLOSE HERE. THE 23-YEAR-OLD FROM THE MANAWATU HAPPY TO SHARE THE PODIUM, THOUGH THE KIWI FLAG FLEW BELOW THE NETHERLANDS. THAT ANNOYED ME. WE WANTED SIMON ABOVE THE DUTCH FLAG. ALTHOUGH HE'S GOT DUTCH HERITAGE, BUT WE WANTED TO BE ON TOP. STILL COMING TO TERMS WITH HER FALL FROM THE TOP SPOT, VALERIE ADAMS, SAYING AN EMOTIONAL GOODBYE TO FANS AT KIWI HOUSE. THANK YOU SO MUCH, EVERYBODY, FOR YOUR CONTINUED SUPPORT. AND, UH, I HOPE YOU GUYS CONTINUE TO SUPPORT AS I TRY AGAIN. CHEERING NOT MUCH CHEER FROM ADAM'S MANAGER, THOUGH, CLAIMING THE NZ OLYMPIC COMMITTEE'S FAILURE TO REGISTER THE WORLD CHAMP TILL THE DAY BEFORE THE EVENT DID RUFFLE THE BEIJING GOLD MEDALLIST. DID IT AFFECT THE RESULT? LOOK, WE DON'T KNOW THAT. UM, IT CERTAINLY HAS AFFECTED HER FINAL PREPARATION. UH, I THINK THAT'S AFFECTED HER ON THE DAY. THE NZOC TODAY ADMITTING ATHLETICS NZ MANAGER RAYLENE BATES MADE MISTAKES, WITH A NUMBER OF ATHLETES AFFECTED. IT'S A REGRETTABLE HUMAN ERROR, AND WE ARE VERY SORRY THAT IT HAPPENED. ATTENTION NOW TURNS TO OUR ATHLETES WHO STILL HAVE A SHOT AT A MEDAL, WITH ERIN TAYLOR AND LISA CARRINGTON INTO THE K2 500M FINALS TOMORROW, AND STEVEN FERGUSSON AND DARRYL FITZGERALD IN THE 1000M FINAL TONIGHT. IN THE SAILING, THE WOMEN'S 4-70 CREW WILL TRY TO HOLD ON TO THE GOLD MEDAL SPOT WITH THREE RACES TO GO. BUT ONE RESULT WE KNOW IS GUARANTEED: A SILVER IN THE MEN'S 49ERS EARLY TOMORROW MORNING. GRACE EDWARDS, ONE NEWS THE COURT OF APPEAL HAS THROWN OUT A BID TO HALT THE SALE OF THE CRAFAR FARMS. THE SIR MICHAEL FAY-LED CONSORTIUM APPLIED FOR A JUDICIAL REVIEW OF A MINISTERIAL DECISION TO GIVE THE SALE THE GO-AHEAD TO CHINESE-BASED INTERESTS. THE CONSORTIUM ARGUED THE COMPANY DIRECTORS DIDN'T HAVE ENOUGH EXPERIENCE IN THE DAIRY INDUSTRY, BUT THE COURT REJECTED THE ARGUMENT, SAYING THE DIRECTORS HAVE A BROADER BUSINESS KNOWLEDGE AND WILL INVOLVE FARM MANAGEMENT COMPANY LANDCORP IN THE RUNNING OF THE FARMS. ONE NEWS CAN TODAY REVEAL THE FIRST PICTURES G 8 FROM THE RAID ON THE AUCKLAND HO OF INTERNET MILLIONAIRE KIM DOTCOM IN JANUARY. THIS COMES AS A THREE-DAY JUDICIAL REVIEW ON THE DOTCOM CASE CONTINUES AT THE HIGH COURT IN AUCKLAND TODAY. JUSTICE HELEN WINKELMAN LIFTED SUPPRESSION ORDERS ON THE VISION THIS MORNING, WHICH WAS SHOT FROM THE POLICE HELICOPTER DURING THE RAID. THE PICTURES SHOW POLICE SURROUNDING THE MANSION AS THEY MOVE IN TO ARREST THE MEGAUPLOAD MILLIONAIRE. A COURT LATER RULED THE SEARCH WARRANTS USED BY POLICE WERE INVALID. THIS IS BEING APPEALED BY THE CROWN. A FORMER MANAGER OF THE CONSTRUCTION COMPANY THAT BUILT THE ILL-FATED CTV BUILDING HAS TOLD THE ROYAL COMMISSION OF INQUIRY THERE WERE 'SERIOUS' PROBLEMS WITH THE CONNECTIONS IN THE BUILDING. MICHAEL BROOKS WAS THE MANAGING DIRECTOR OF WILLIAMS CONSTRUCTION IN 1986. HE SAID IN ONE PART OF THE BUILDING THERE WERE NO CONNECTIONS BETWEEN A BEAM AND A WALL. THAT BEAM, BASICALLY, ISN'T CONNECTED AT ALL TO THE WALL. WHY, I DON'T KNOW. IF A BEAM'S NOT CONNECTED TO THE SHEAR WALL, IT'S EXTREMELY SERIOUS. HE'S ALSO SAID WILLIAMS CONSTRUCTION WAS STRUGGLING TO PAY ITS OWN SUB-CONTRACTORS DURING THE BUILDING PHASE, AND THE ON-SITE CONSTRUCTION MANAGER FOR CTV 'SIMPLY WASN'T UP TO THE JOB'. 115 PEOPLE DIED LAST FEBRUARY WHEN THE BUILDING COLLAPSED. SOCIAL DEVELOPMENT MINISTER PAULA BENNETT HAS PRAISED CHRISTCHURCH CONSTRUCTION FIRMS WHICH ARE PROVIDING JOBS FOR PEOPLE ON WORK AND INCOME BENEFITS. TODAY SHE VISITED HAWKINS CONSTRUCTION, WHICH HAS CREATED 60 WORKPLACE OPPORTUNITIES FOR PEOPLE TO GET ON-SITE PRACTICAL EXPERIENCE. IM FULL OF ADMIRATION FOR HAWKINS BECAUSE WHAT THEY'RE DOING IS A) THEY'VE GOT CONTRACTORS ON BOARD AS WELL, SO WE'RE GETTING OPPORTUNITIES TO TALK TO THEM ABOUT HOW WE PLACE PEOPLE AND WHAT THAT MEANS. BUT EQUALLY, THEY'RE STANDING UP AND SAYING 'NZERS FIRST', AND GIVING THEM CAREERS WITH US. PAULA BENNETT WILL VISIT FLETCHERS CONSTRUCTION IN CHRISTCHURCH THIS AFTERNOON. PAROLE CONDITIONS FOR THE MAN DUBBED 'THE BEAST OF BLENHEIM' WILL BE REVEALED THIS AFTERNOON. STEWART WILSON, ONE OF THE COUNTRY'S WORST SEX OFFENDERS, WAS GIVEN A 21-YEAR JAIL TERM IN 1996 ON MULTIPLE COUNTS OF RAPE, BESTIALITY, AND OFFENCES AGAINST CHILDREN. HE IS DUE TO BE RELEASED FROM PRISON NEXT MONTH. THE HIGH RISK OF THE 65-YEAR-OLD REOFFENDING MEANS HE COULD BE FITTED WITH A GPS TRACKING DEVICE AND WILL BE KEPT UNDER STRICT SUPERVISION FOR THE NEXT 13 YEARS. THE GOVERNMENT'S ANNOUNCED IT WILL PUBLISH SCHOOL ANNUAL REPORTS AND NCEA DATA ONLINE. EDUCATION MINISTER HEKIA PARATA TOLD MEDIA THIS MORNING THE DATA WILL BE MADE AVAILABLE PUBLICLY ON THE EDUCATION MINISTRY'S WEBSITE. THE COLLECTION OF AND THE USE OF GOOD QUALITY DATA IS A KEY PART OF THE HIGHEST-PERFORMING EDUCATION SYSTEMS OF WHICH NZ IS ONE. SO WE ARE COMMITTED TO ENSURING THIS DATA IS AVAIABLE. THE INFORMATION WILL BE PUBLISHED ONLINE NEXT MONTH. SO PARENTS CAN SEE HOW THEIR CHILD'S SCHOOL COMPARES WITH OTHERS, AND THE GOVERNMENT CAN ASSESS HOW THE BROADER EDUCATION SYSTEM IS PERFORMING. OVERSEAS, THERE ARE FRESH FEARS THAT FOREIGN EXTREMISTS COULD BE TAKING ADVANTAGE OF THE CHAOS IN SYRIA AS THE CIVIL WAR THERE CONTINUES. HERE'S THE BBC'S ALAN LITTLE. BOOM! MAN: ALLAHU AKBAR. AS THE SYRIAN STRUGGLE INTENSIFIES, THE BATTLE TO REMOVE THE ASSAD REGIME IS PULLING IN VOLUNTEER FIGHTERS FROM ACROSS THE ARAB WORLD... ALLAHU AKBAR. ALLAHU AKBAR. ...AND FROM WELL BEYOND. MUHAMMAD RIYADH IS A 22-YEAR-OLD ENGINEERING STUDENT FROM LONDON. HIS PARENTS FLED SYRIA 30 YEARS AGO. MUHAMMAD SAYS HE WENT TO SYRIA BECAUSE HE WANTED TO PLAY HIS PART IN FREEING HIS COUNTRY, BUT THE CHAOS UNLEASHED BY THE UPRISING HAS ALSO DRAWN IN FOREIGN JIHADISTS ` ISLAMIC EXTREMISTS ` SOME BELIEVED TO BE AFFILIATED TO AL QAEDA. LAST MONTH, THE BRITISH PHOTOGRAPHER JOHN CANTLIE AND A DUTCH COLLEAGUE WERE KIDNAPPED AND HELD FOR A WEEK BEFORE ESCAPING. THEY SAID SOME OF THEIR CAPTORS SPOKE ENGLISH WITH MIDLANDS ACCENTS. THOSE MEN, ACCORDING TO THE LONDON-BASED THINK TANK QUILLIAM, WERE PART OF A SMALL GROUP OF BRITISH RADICALS. THEY'D BEEN RECRUITED TO A SYRIAN JIHADIST GROUP CALLED ISLAMIC STATE. ARABIC MUSIC ON THE MARGINS OF THE SYRIAN STRUGGLE, ISLAMIC EXTREMISM IS FINDING A HOME. MEANWHILE, A BRITISH-BASED INTERNATIONAL BANK IS FACING QUESTIONS OVER TRANSACTIONS WITH IRAN THAT MAY HAVE BREACHED INTERNATIONAL SANCTIONS. STANDARD CHARTERED HAS BEEN ACCUSED OF BEHAVING LIKE A ROGUE INSTITUTION. THIS FROM THE BBC'S JOHN MOYNHAM. CAN IT BALANCE ITS AMBITION WITH ITS CONSCIENCE? THIS IS HOW STANDARD CHARTERED SELLS ITSELF: A TRUSTED BANK WITH OPERATIONS ACROSS THE WORLD, DOING GOOD. BUT TONIGHT, EXECUTIVES HERE AT ITS LONDON HEADQUARTERS WILL BE REELING FROM ALLEGATIONS THAT IT DELIBERATELY HID UP TO 60,000 TRANSACTIONS WHICH LAUNDERED UP TO US$250B OR �160B FOR IRANIAN INSTITUTIONS THAT WERE SUBJECT TO US SANCTIONS. AND THIS IS HOW IT IS SAID TO HAVE HAPPENED. SAY AN IRANIAN COMPANY WITH A FRENCH BANK ACCOUNT WANTS TO SELL OIL TO A GERMAN FIRM. OIL IS TRADED IN DOLLARS SO THE MONEY HAS TO GO THROUGH THE US. BUT THE US IS SUSPICIOUS OF IRANIAN TRANSACTIONS AND CAN REJECT THEM ALTOGETHER. SO IT'S ALLEGED THAT STANDARD CHARTERED DELIBERATELY HID DETAILS THAT WOULD HAVE REVEALED THE IRANIAN LINK. IF TRUE, THE CONSEQUENCES COULD BE HUGE. BUT BACK IN 2006, A SENIOR US EXECUTIVE HAD WARNED OF... A LONDON EXECUTIVE IS SAID TO HAVE RESPONDED TO THAT IN CRUDE TERMS... A LONDON EXECUTIVE IS SAID TO HAVE RESPONDED TO THAT IN CRUDE TERMS... SIMPLY BY DOING GOOD, CAN A BANK, IN FACT, BE GREAT? STANDARD CHARTERED HAS BEEN ORDERED TO EXPLAIN ITSELF TO A US REGULATOR NEXT WEEK. THE PHILIPPINES CAPITAL OF MANILA IS STRUGGLING TO COPE WITH WIDESPREAD FLOODING WHICH HAS LEFT HALF OF THE SPRAWLING CITY UNDERWATER AND TRIGGERED A LANDSLIDE WHICH KILLED EIGHT PEOPLE. TENS OF THOUSANDS OF RESIDENTS HAVE BEEN EVACUATED, BUT EMERGENCY SERVICES ARE UNDER STRAIN, WITH WATER LEVELS WAIST- OR NECK-HIGH IN MANY PLACES. THE FLOODING IS A RESULT OF SEASONAL MONSOON RAINS FOLLOWING ON FROM TYPHOON SAOLA, WHICH KILLED 53 PEOPLE. MEANWHILE, EASTERN CHINA IS BRACING FOR THE LANDFALL OF TYPHOON HAIKUI. THE TYPHOON WINDS ARE ALREADY HAVING AN AFFECT. SURF IS 7M OR 8M HIGH, AND PEOPLE HAVE BEEN ADVISED TO AVOID THE COASTLINE. THE BRITISH SCIENTIST WHO PIONEERED RADIO ASTRONOMY HAS DIED AT THE AGE OF 98. SIR BERNARD LOVELL CREATED A TELESCOPE WHICH CAME INTO OPERATION IN 1957 AND STILL PLAYS A KEY ROLE IN THE STUDY OF THE STARS TODAY. HERE'S THE BBC'S DAVID SHUKMAN. AN EXTRAORDINARY MACHINE TO REVEAL THE MOST DISTANT REACHES OF THE COSMOS. THE TELESCOPE THAT STANDS AT JODRELL BANK NEAR MANCHESTER HAS REVOLUTIONISED ASTRONOMY. IT WAS THE BRAINCHILD OF A GIANT OF BRITISH SCIENCE, BERNARD LOVELL ` A HUGE DISH DESIGNED NOT TO TAKE PICTURES OF THE STARS BUT TO LISTEN TO RADIO SIGNALS COMING FROM THEM. THEY ARE AN ACCOUNT OF SIGNALS WHICH HAVE BEEN TRAVELLING THROUGH SPACE FOR ABOUT 8000 MILLION YEARS. BUILT IN THE '50S, THE LOVELL TELESCOPE WAS IN AT THE DAWN OF THE SPACE AGE, TRACKING THE FIRST SOVIET SATELLITE, SPUTNIK, WATCHING OVER BRITISH AIRSPACE AND EXPLORING DEEP SPACE. (ARCHIVE) MAN: JODRELL BANK GOES ON FROM STRENGTH TO STRENGTH. THE TELESCOPE SOON ATTRACTED ROYALTY. THIS WAS A DEVICE OF NATIONAL IMPORTANCE. PROFESSOR LOVELL TOLD THE DUKE OF EDINBURGH OF THE LATEST TRIUMPH. AND IT SURVIVED FAR LONGER THAN EXPECTED. IT'S ASTONISHING THAT IN SPITE OF ALL THE NEW DEVELOPMENTS AND ALL THE NEW INSTRUMENTS WHICH HAVE BEEN DESIGNED, THAT THE JODRELL TELESCOPE STILL HAS SUCH AN IMPORTANT USE. TODAY BERNARD LOVELL WAS REMEMBERED AT JODRELL BANK. A BOOK OF CONDOLENCE WAS OPENED FOR TRIBUTES. THERE WERE PLENTY OF THEM. THE TELESCOPE IS A POPULAR ATTRACTION. BERNARD LOVELL ALWAYS WANTED THE PUBLIC TO SHARE HIS SCIENCE. I THOUGHT 20 YEARS AGO THAT WE KNEW ALL THAT WE WANTED TO KNOW ABOUT THE STRUCTURE AND EVOLUTION OF THE UNIVERSE. AND NOW WE KNOW ALMOST NOTHING. MANY SCIENTISTS LEAVE IMPORTANT LEGACIES, BUT FEW CAN BE AS MAJESTIC AS THIS TELESCOPE, WHICH WAS THE CREATION OF SIR BERNARD LOVELL. A CELEBRATED AMERICAN COMPOSER RESPONSIBLE FOR SOME OF THE MOST RECOGNISABLE TUNES FROM THE LAST CENTURY HAS DIED. MARVIN HAMLISCH WROTE AND ARRANGED DOZENS OF SONGS ON THE STAGE AND BIG SCREEN. THIS FROM THE ABC. 'THE ENTERTAINER' FROM 'THE STING'S' JAUNTY RAGTIME... LYRICAL MUSIC ...TO THIS ROMANTIC THEME FROM ICE CASTLES,... # NOBODY DOES IT # HALF AS GOOD AS YOU... ...TO THE POP CLASSIC FROM JAMES BOND 'THE SPY WHO LOVED ME',... # BABY, YOU'RE THE BEST. # ...MARVIN HAMLISCH CREATED THE SCORE OF OUR LIVES. HE WAS A MAN OF SUPERLATIVES, JUST 7 YEARS OLD WHEN ADMITTED TO JULLIARD. ONE OF ONLY A HANDFUL OF ENTERTAINERS TO WIN AN EMMY AND A TONY AND GRAMMY AND AN OSCAR. HE DID THAT THREE TIMES ` TWO FOR 'THE WAY WE WERE', SUNG BY BARBRA STREISAND. # MEMORIES # MAY BE BEAUTIFUL, AND YET... # HE WAS FAMOUS FOR HIS COLLABORATIONS, WITH EVERYONE FROM STREISAND TO LIZA MINNELLI. BUT IT WAS HIS ICONIC SCORE FOR 'A CHORUS LINE' WHICH WON HIM A PULITZER PRIZE AND SECURED HIM A PLACE AT THE HEART OF AMERICA'S SONGBOOK. # ONE SMILE AND SUDDENLY... # I JUST LOVE THEATRE. I LOVE IT, LOVE IT. THERE'S SOMETHING MAGICAL ABOUT BEING IN A THEATRE, AND THERE'S SOMETHING EVEN MORE MAGICAL ABOUT HEARING APPLAUSE. IT'S JUST WONDERFUL. I CAN'T POSSIBLY THINK OF ANYTHING I LOVE MORE. MARVIN HAMLISCH, A SINGULAR SENSATION. MARVIN HAMLISCH WAS 68 YEARS OLD. STILL TO COME ON MIDDAY, WE'LL TAKE A LOOK AT THE SHAREMARKET AND BUSINESS NEWS. AND HE HAD HOPED TO PASS ON THE 1500M LEGACY. WHAT SIR JOHN WALKER THINKS OF THIS MORNING'S RACE. ============= LAST AD/PROMO .." =============== 1 WITH ME NOW IS MARTIN ALLISON FROM CRAIGS INVESTMENT PARTNERS. THIS ITEM WILL BE CAPTIONED LIVE. FOR MORE, GO TO ONENEWS.CO.NZ AND CLICK ON 'BUSINESS'. WE ALWAYS SEEM TO BE HEARING ABOUT DOOM AND GLOOM IN FINANCIAL MARKETS. SO WHAT ARE INVESTORS LOOKING AT IN THE CURRENT MARKET? IN NZ, INVESTORS LOOKING FOR INCOME INTEREST RATES QUITE LOW PEOPLE SURPRISED AND DISAPPOINTED AT THAT SO THE SHAREMARKET IS ONE OPTION LOOKING AT ENERGY COMPANIES PAYING A GOOD YIELD WHAT ISSUES ARISE FROM THAT? BE CAREFUL WITH YIELDS INVESTOR WILL LOOK AT PROPERTY TRUSTS CONTACT ENERGY, VECTOR, TRUSTPOWER GRAPHS ON THOSE FROM 2008 TO 2012, GOOD CAPITAL APPRECIATION DANGER IS BUYING STOCKS THAT IS OVERPRICED WE WILL HAVE A INTEREST RATE REGIME THAT WILL BE LOW TO OLYMPIC NEWS. AND AS WE HEARD EARLIER, NZ WON ANOTHER BRONZE MEDAL IN THE CYCLING THIS MORNING. SIMON VAN VELTHOOVEN FINISHED IN A DEAD HEAT FOR THIRD IN THE FINAL OF THE MEN'S KEIRIN. BUT THERE WAS KEEN DISAPPOINTMENT IN THE GLAMOUR 1500M RUN, WHERE THERE'D BEEN HIGH HOPES FOR BEIJING SILVER MEDALLIST NICK WILLIS. AFTER HIS GOOD PERFORMANCES IN LEAD-UP RACES, 1976 GOLD MEDAL WINNER SIR JOHN WALKER WAS FULL OF CONFIDENCE THAT WILLIS COULD BRING HOME A MEDAL. BUT HE SAYS HE FELT LET DOWN AS WILLIS FADED IN THE LAST 300M. I CAN'T BELIEVE THAT NICK RAN SO POORLY WHEN HE PROMISED SO MUCH PHYSICALLY, MENTALLY, AND HIS RACE JUST DIDN'T GO TO PLAN. ONLY HE WILL BE ABLE TO SAY WHAT WENT WRONG. BUT, I MEAN, WE HAD 700 PEOPLE HERE FOR BREAKFAST WANTING TO CELEBRATE HIS WIN. THEY WERE VERY DISAPPOINTED. I MEAN, SURE, HE'S GOING TO BE DISAPPOINTED AS WELL, BUT, I MEAN, HE LOOKED FLAT THROUGH THE RACE. SIR JOHN WALKER, WHO WON GOLD IN THE 1500M IN 1976. TO HOCKEY. THE BLACK STICKS HAVE DRAWN WITH GERMANY IN THEIR FINAL POOL MATCH IN LONDON. THE NZERS WERE LEADING 5-2 EARLY IN THE SECOND HALF, BUT THE SECOND-RANKED GERMANS FOUGHT BACK FOR THE DRAW. THE BLACK STICKS WILL PLAY ARGENTINA FOR NINTH PLACE ON FRIDAY. TRIATHLETE BEVAN DOCHERTY'S BID TO WIN A MEDAL IN THREE CONSECUTIVE GAMES HAS COME TO AN END. HE FINISHED 12TH IN THE TRIATHLON. OTHER KIWIS IN THE RACE ` KRIS GEMMELL CAME 15TH AND RYAN SISSONS 33RD. PRE-RACE FAVOURITE BRITON ALISTAIR BROWNLEE TOOK GOLD. HIS YOUNGER BROTHER, JONATHON, ONLY SECONDS BEHIND, WON BRONZE. SPAIN'S JAVIER GOMEZ WON SILVER. SO HERE'S HOW THE MEDAL TABLE STANDS AFTER OUR LATEST BRONZE IN THE CYCLING. WE'RE IN 17TH PLACE WITH NINE MEDALS. d AUSTRALIA HAS MOVED AHEAD 8 OF US IN 11TH PLACE. CHINA AND THE USA STILL LEAD THE PACK. STILL TO COME ON MIDDAY, I'LL BE BACK WITH THE AFTERNOON WEATHER. NOW TO THE WEATHER. FOR WEATHER, SEE ONENEWS.CO.NZ TO THE TOP STORIES ON OUR WEBSITE. NICK WILLIS SAYS HE GAVE IT EVERYTHING HE HAD TO HOLD ON TO THE LEADERS IN THE OLYMPIC 1500M FINAL, BUT THAT HE HAD NOTHING IN HIS LEGS. NZ TRACK CYCLIST SIMON VAN VELTHOOVEN HAD TO ENDURE AN EXCRUCIATING WAIT BEFORE OFFICIALS FINALLY AWARDED HIM A BRONZE MEDAL, WITH A DEAD HEAT FOR THIRD IN THE KEIRIN CYCLING FINAL. AND THE DISTINCT SMELL OF SULPHUR FROM THE MOUNT TONGARIRO ERUPTION HAS BEEN REPORTED IN WELLINGTON THIS MORNING. THAT'S YOUR MIDDAY NEWS. THANKS FOR JOINING US. OUR NEXT NEWS IS AT 4.30PM, AND THE ONE NEWS HOUR WILL BE HERE AT 6. GOOD AFTERNOON. CAPTIONS BY JOHN LING AND TRACEY DAWSON. CAPTIONS WERE MADE POSSIBLE WITH FUNDING FROM NZ ON AIR.