Beatles guru steps down after being accused of groping two women
The Beatles were at the head of their own hit band – until Paul McCartney was accused of groping two of his closest female collaborators.
The Queen of pop will exit the band in the wake of allegations that McCartney groped two women.
The pair were photographed at the Hollywood Bowl nightclub where she and her husband John Lennon performed in 1966, but will now be replaced by the former head of the group's PR company Paul McKenna.
McKenna, a long-time Beatles devotee and the father of Beatle John Lennon, said his departure was "not at all surprising".
But the Queen of Rock will also leave her husband, John Lennon, who has since said: "No comment. Paul will not be taking this on."
McCartney, 76, will step down from PR firm McCartney, 76, will step down from PR firm McCartney, who worked as a consultant for the Queen, and his wife.
McKenna said: "I'm very very sad about the news."
"Myself and John were close friends. We had a wonderful rapport, a real affection.
"He was my friend and my boyfriend. He had a great talent for music, a very nice sound.
"I'm shocked. I have a love-hate relationship with Paul. He's my father.
"To the very last point, I loved him for his talent and his wonderful work and my father loved him."
The first Beatles concert was at the Hollywood Bowl in late June 1968, four months after Lennon had arrived in the US to help launch the Beatles as a rock band with the Rolling Stones.
McKenna said they spent five days there with his father, a former army major.
"The band wanted to go to the hotel together, but John told them they had to be with him, he could get injured, so they went to a hotel together," he said.
McKenna's decision not to take a back-up arrangement was partly his decision to let his daughter, Ella, play with a younger singer at school, he said.
John Lennon's sister, Charlotte, has been given an interim contract to act for him, after his departure from the company.
A spokesman for McCartney had no immediate comment.
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Reserve bank apra housing market intervention in New Zealand banks
The Reserve Bank of New Zealand will be providing the support necessary to bolster lending to emerging and middle-income households, to support the growth in housing starts for families, and to promote lending for people with incomes below the median.
Borrowing to help people get on, or stay on top of, the housing ladder, or buy property is a good thing. I believe there are many families who are struggling with financial hardship and need more help to do what they want with their lives. It should be the role of governments to help these people, not the banks. I also have a deep concern about people being pushed into homelessness and homelessness shelters.
However, banks have to have confidence in the creditworthiness of borrowers and I expect to see the creation of a new bank reserve policy. The reserves will be designed to support banks when they are required to take on more risky lending, including in times of large budget deficits and large household balances.
The Reserve Bank of New Zealand is also proposing a new reserve policy for the housing sector. This would increase the amount that we spend on home insulation and other related costs, and would limit the increase in costs for banks and others that serve the housing market.
The Reserve Bank is not making any statements about future rates or the timing of its policy change.
The decision to continue support to housing investment was taken at the Reserve Bank's monthly conference.
