This episode of current affairs show Close Up offers a fascinating portrait of the early days of New Zealand's foreign exchange market. Reporter Ted Sheehan heads into "the pit" (trading room), and chronicles the working life of a senior forex dealer, 25-year-old accountancy graduate John Key. The "smiling assassin" (and future Prime Minister) is a calm and earnest presence amongst the young cowboys playing for fortunes and Porsches, months before the 1987 sharemarket crash. As Sheehan says, "they're like addicts who eat, breathe and sleep foreign exchange dealing".
With the phrase “we were lucky to get away with it” and a ready laugh, 97-year-old Douglas Smith describes some of the close calls he had as a trainee and later bomber pilot during World War ll. Luck yes, but skill too, as he survived a 30 mission tour of duty. Douglas first tasted action flying a small, twin engine Dakota Boston over France and the Netherlands. Graduating to four engine Lancasters, he took part in huge raids over some of Germany’s biggest cities. Never afraid himself, he laments the vast loss of life among friends and enemies.
“We’ve chosen someone Hollywood would call an action hero” says Hilary Barry, as she introduces this TV item recalling Kiwi experiences in World War I. The subject is decorated flying ace Keith Caldwell, who left for England in 1916 to join the RAF with only eight hours training (which he’d paid for himself). He became one of the most successful pilots on the Western Front, leading ‘Tiger Squadron’. The short, which screened during 3 News, recounts the dogfights and close escapes that Caldwell negotiated with “splendid skill and fearlessness”.