The public library is going through a major revamp. The library of the future is a modern multi purpose building, complete with multi media labs, recording and broadcast studios, conference rooms and in some cases workshops.

- - -NOT A SUBSCRIBER? - - - - - - - - - - - - - - - - - - - - - - - - - - -

PROFIT AND PROSPER IN THE TOUGH TIMES AHEAD…

THE MAIN REPORT BUSINESS
Fresh thinking, trends and ideas for everyone in business. Covers the full spectrum of business matters with special emphasis on major trends, solutions, the economy, and political and legislative action which may affect you. Also strategic planning, leadership, management, marketing, customer satisfaction, employee relations. It’s where you find your inspiration! Published each Monday 46 times per year.

http://www.themainreport.co.nz/home/special-introductory-offer
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

The centres also house non-library businesses such as bank branches, child care centres post offices, medical clinics and coffee bars. Seattle says its new library, built in 2003 has brought more business and economic benefits to the downtown area. Revenue from the services offered will repay the $US200m cost in just eight years. NZ’s libraries are far behind the play on these impressive standards.

Analysts JP Morgan now think the Reserve Bank is going to hold off its tightening till July, with a 50bp hike. Previously, JP Morgan had expected a 25bp move in April, because the deteriorating medium-term inflation outlook would prompt the RBNZ to tighten policy before official guidance suggested. In December The RBNZ said providing the economy continues to recover in line with the Bank’s forecasts, “conditions may support beginning to remove monetary stimulus around the middle of 2010.”

Given the persistent stream of weak data, however, and Reserve Bank Governor Alan Bollard’s desire for hard economy evidence the recovery is sustainable, on top of the soon-to-be-effective bank liquidity changes and the Budget in May, the RBNZ is likely to hold off until July. But JP Morgan says by delaying the first rate hike, the Bank will probably have to move more aggressively; in addition to the July hike the analyst is looking for another 50bp increase in September, after which the pace of tightening will slow.