(S (S (BASENP (DT Some)) (VP (VP (VBP regard) (BASENP (DT the) (NN speech))) (PP (IN as) (NP (BASENP (DT a) (NN watershed) (NN moment)) (PP (IN in) (BASENP (NNP New) (NNP Zealand) (NNS politics))))))) (PERIOD .))