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Speaker 1: Pressing the newsmakers to get the real story. It's Heather

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Speaker 1: duper Cy Ellen Drive with One New Zealand to coverage

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Speaker 1: like no one else.

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Speaker 2: News Talks have be.

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Speaker 3: Afternoon. Welcome to the show. Coming up today, the Reserve

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Speaker 3: Bank is considering dropping some rules which will make our

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Speaker 3: mortgages cheaper. We'll speak to banking expert doctor Claire Matthews

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Speaker 3: after five. Our new cops really as bad as the

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Speaker 3: older cops. Reckon Police Association on that, and Nikola Willis

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Speaker 3: the Finance Minister as per usual on a Monday. After six,

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Speaker 3: Heather duper Cy Ellen, I'll tell you what I'm surprised by.

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Speaker 3: It's that we're still surprised that Argentina can and will

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Speaker 3: beat the All Blacks. I was listening last week to

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Speaker 3: all of the confidence and how the All Blacks were

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Speaker 3: going to make it two from two, and I was

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Speaker 3: wondering if I was missing something, because I wasn't feeling

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Speaker 3: nearly that confident. Firstly, because Argentina is actually a decent

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Speaker 3: side nowadays. This is the fourth time they've beaten the

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Speaker 3: All Blacks. Now, I know four doesn't sound like a lot,

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Speaker 3: but four times has all happened since twenty twenty four

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Speaker 3: times twenty twenty with the disruption in the closed borders

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Speaker 3: of Covid is actually not half bad. Now, of course

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Speaker 3: they would have to beat the All Blacks at their

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Speaker 3: home eventually. A lot of people are making a big

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Speaker 3: song of ninth, but oh, it's the first time it

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Speaker 3: happened in Argentina. That was inevitable. If they could beat

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Speaker 3: the All Blacks in New Zealand, which they have, then

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Speaker 3: they were definitely going to be able to beat the

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Speaker 3: All Blacks in their own backyard. And mainly, what I

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Speaker 3: think we're failing to understand here is the mental game

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Speaker 3: for the Argentinians. The All Blacks are no longer scary,

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Speaker 3: unbeatable men to them. They slayed that dragon five years ago.

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Speaker 3: That actually counts for much more than a lot of

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Speaker 3: people think. But also why I wasn't feeling that confident

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Speaker 3: heading into this game is that I haven't been convinced

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Speaker 3: by what I've seen of the All Blacks this year

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Speaker 3: so far? Have you? It's been scrappy. I mean it's

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Speaker 3: been scrappy against even a French B side, not at

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Speaker 3: all convincing. We're still not sure that we've got the

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Speaker 3: right number. Ten we've got serious injuries at number nine.

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Speaker 3: Elliott has just written an article calling for us to

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Speaker 3: call back Aaron from overseas where disciplined, or as Gregor

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Speaker 3: Paul says, we're dumb and dirty now the All Blacks

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Speaker 3: are not the slick winning machine of past years, not

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Speaker 3: yet anyway, So maybe forever or maybe just for now.

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Speaker 3: The days of assuming that the All Blacks are going

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Speaker 3: to beat everyone, especially teams have beaten them before, are

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Speaker 3: over and Argentina is at least for now not to

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Speaker 3: be written off either.

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Speaker 2: Dupuicy Ellen, don't.

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Speaker 3: The text number, standard text fees and apply. Of course,

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Speaker 3: a Jason Pine is going to be with us shortly

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Speaker 3: now onto other matters. The Prime Minister is calling for

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Speaker 3: a change to how we fund major events. He told

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Speaker 3: Ryan Bridge this morning that sporting events and concerts are

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Speaker 3: key to getting the economy back up and running.

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Speaker 4: I really want us to rethink what we do with

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Speaker 4: the major events fund because it takes a while for

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Speaker 4: events and activity to come to a country. You've actually

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Speaker 4: got to stuff it as a pipeline.

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Speaker 3: Brent eccles is the founder of Ecles Entertainment and a

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Speaker 3: representative for Frontier Touring New Zealand and Steve Armitage is

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Speaker 3: the CEO of Hospitality New Zealand. We've got both of

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Speaker 3: them with us. High lads.

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Speaker 5: Good, it is Monday, Brent.

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Speaker 3: Is what do we need to rethink about?

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Speaker 6: This?

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Speaker 3: Isn't isn't the problem that actually the fund was working

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Speaker 3: perfectly then we stopped the fund working perfectly well.

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Speaker 6: From a contemporary music perspective, it all sounds good, but

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Speaker 6: they never ever founded anything out of the Major Events Fund.

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Speaker 6: It was only sport.

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Speaker 3: Oh really, we never did any concerts or anything like that.

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Speaker 6: No, no, never.

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Speaker 3: Okay, have you got a problem with us just doing

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Speaker 3: sport out of it?

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Speaker 6: No, I don't. There's quite a long lead time to

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Speaker 6: access the fund, and with contemporary music you don't have

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Speaker 6: that lead time. It's pretty it's pretty hard and fast,

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Speaker 6: so we'll never quite be able to qualify. And as

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Speaker 6: I say, the Major Events Fund has been focused on sport,

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Speaker 6: not rock and roll.

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Speaker 3: Do you think that we need to just get it

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Speaker 3: moving faster? Is that the problem?

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Speaker 6: Absolutely? Yeah, absolutely, it's not that hard to do. If

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Speaker 6: they have relationships. There's only read two or three promoters

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Speaker 6: who work in that realm, and it's pretty it's pretty

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Speaker 6: easy to get into the pipeline. Actually I'm to pen

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Speaker 6: points on funds, but the sooner the better. I love

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Speaker 6: the sound of it.

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Speaker 3: How long was it taking Break to get the money

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Speaker 3: out of it?

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Speaker 6: Well, I think it was like a three month lead time.

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Speaker 6: It doesn't work for rock and roll. You guys need

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Speaker 6: it within a month, just by the time, just by

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Speaker 6: the time the show comes on and by the time

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Speaker 6: it goes on sales really quick. Yeah, So you've got

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Speaker 6: to get those things sorted out, with budgets on all

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Speaker 6: kinds of agents and managers and all down the chain

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Speaker 6: around the world. You've got to take across the line.

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Speaker 6: So it needs to be the need to put some

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Speaker 6: sort of reserves and money for contemporary music, and then

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Speaker 6: you can just eat the access with a good relationship.

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Speaker 6: That's the way to do that.

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Speaker 3: Now, Steve, what's gone wrong here? Because I'm just just

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Speaker 3: from an all clump perspective. We haven't got anything on

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Speaker 3: the calendar, and haven't had anything on the calendar since

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Speaker 3: like seriously since Coldplay, So why.

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Speaker 7: Well, First of all, can I just say when I

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Speaker 7: heard this this morning, my first reaction was about time

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Speaker 7: we've been highlighting the importance of a consistent five events

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Speaker 7: for years and actual fact, I think this speaks directly

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Speaker 7: to the government's own ambition to double the value of tourism.

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Speaker 7: You need strong demand drivers and events have proven winners

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Speaker 7: in that regard. So this is a really interesting mindset shift.

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Speaker 7: The argument that the Prime Minister made this morning in

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Speaker 7: support of events was nowhere to be seen earlier this

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Speaker 7: year when we get the America's Cup of the potential option,

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Speaker 7: so it's really interesting to see how that shifted. Well,

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Speaker 7: we were in with a chance to secure America's Cup

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Speaker 7: here in New Zealand. The same argument that the Prime

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Speaker 7: Minister was making this morning around the fund that generates

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Speaker 7: the importance of having a consistent pipeline of major events

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Speaker 7: and the Melbourne comparison was really interesting because he's talking

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Speaker 7: about really large, global scale of events being hosted every quarter.

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Speaker 7: That's a great aim, but we know we need having

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Speaker 7: the funding in place to be able to deliver that.

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Speaker 3: What is tell me, Steve if I'm imagining it, But

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Speaker 3: it felt to me as if we had a bunch

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Speaker 3: of stuff on the calendar and then the Major Events

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Speaker 3: Fund stopped funding things, or did I just imagine that.

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Speaker 7: There's a couple of layers to this. A lot of

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Speaker 7: funding used to come through from Auckland Council through its

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Speaker 7: council controlled organization. Yes, and of course the Council's had

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Speaker 7: to pull back a significant amount of funding. So the

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Speaker 7: approach to major events sort of prior to COVID was

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Speaker 7: usually it was co funded between the council and central

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Speaker 7: government through the New Zealand Major Events Fund. With the

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Speaker 7: city under pressure, they haven't been able to put together

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Speaker 7: a fund fighting fund for large scale major events.

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Speaker 3: So that's the money that there was, money that dried

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Speaker 3: up and that's what it was.

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Speaker 7: Hence the argument for the accommodation levy.

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Speaker 3: Okay, Now, Steve, have you got a better example than

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Speaker 3: the America's Cup, because that's distinct example. I'm tired of

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Speaker 3: talking here.

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Speaker 7: Well, if you go back to your recent history, we

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Speaker 7: had the feet for Women's World Cup here, we've had

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Speaker 7: we've co hosted a Cricket World Cup. I know brands

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Speaker 7: talking about music being different to sport, but Auckland and

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Speaker 7: New Zealand in particular was a custom every year to

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Speaker 7: having a global event here. Yes, and Brent's absolutely right.

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Speaker 7: Sometimes for an event like FISA that's sixty seven years

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Speaker 7: of hard work to get that over the line before

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Speaker 7: it's delivered here. And at the moment we'd be starting

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Speaker 7: largely from scratch, but we need some certainty of funding

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Speaker 7: to be able to get ourselves in front of the queue.

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Speaker 3: Okay, Brient, if you could pick, if you could pick

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Speaker 3: just one event that you would like to bring here,

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Speaker 3: what would it be? Taylor Swift?

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Speaker 8: Ah?

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Speaker 6: Well, you know we could dream about that. I don't

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Speaker 6: think that's ever going to work yet, actually, but you

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Speaker 6: know that's been banned around a lot. There are a

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Speaker 6: lot of other artists I think will be great to

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Speaker 6: bring here.

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Speaker 2: You who.

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Speaker 6: Paul McCartney, how's that?

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Speaker 3: Can say?

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Speaker 5: Yeah?

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Speaker 6: Yeah? How about Bruce Bringsteen? How about that?

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Speaker 3: Been there, done that though, haven't we?

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Speaker 6: How about the Eagles? Always great though? I mean, you know,

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Speaker 6: first class international entertainment and it works well in the stadium. Yeah,

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Speaker 6: there's not a lot, there's not a lot around, but

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Speaker 6: the stuff around is good.

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Speaker 3: So you know what you don't say the America's Cup again.

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Speaker 7: Look, large scale mess participation events are really good. We're

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Speaker 7: the World Masters Games here not so long ago. And

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Speaker 7: the good thing about that is that people stay for

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Speaker 7: longer too. They come and they compete in their particular

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Speaker 7: discipline and then on average they were staying up to

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Speaker 7: two weeks either side. So the more that we can

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Speaker 7: see that spend extend out across a period of time,

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Speaker 7: the better.

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Speaker 3: Yeah, hey, guys, thank you very much. I think we're

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Speaker 3: all on board with the same idea. It's good to

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Speaker 3: see the prime ministers as well. Brent Eckles, Steve Armitage.

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Speaker 3: Brent's obviously with Eccles Entertainment, the founder and Frontier touring

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Speaker 3: now and the Steve Armitage is with hospitality in New Zealand.

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Speaker 3: Heather to the text, Heather, all of us rugby haters

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Speaker 3: were well aware that your beloved Rais is full of shite,

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Speaker 3: so it's no surprise that the ab scrappy performance. Brian,

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Speaker 3: remember this date, twenty fifth of Vulgus twenty twenty five.

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Speaker 3: You were going to eat your words, mate, You are

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Speaker 3: going to eat your words because he is going to

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Speaker 3: be fantastic once he gets these guys into shape. He's

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Speaker 3: just dealing with a team that's been run down. I mean,

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Speaker 3: you think about any organization that's been run down over

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Speaker 3: a period of years, definitely during the Fozzy years, maybe

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Speaker 3: even before and he's got to turn knock it into shape.

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Speaker 3: Get everybody, get get the right guys in the right place.

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Speaker 3: Hasn't got the right guys. You know that the best

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Speaker 3: number ten's over in Japan. Got to get them all in,

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Speaker 3: gotta knock them into shape. It's gonna be but once

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Speaker 3: they're humming, gonna eat your words. Brian sixteen past four.

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Speaker 1: It's the Heather Duper see Allan Drive Full Show podcast

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Speaker 1: on iHeartRadio powered Blaye News Talk.

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Speaker 3: Zeb Lord, Heather, you're full of shite. Razor couldn't even

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Speaker 3: beat the bloody Japanese at the moment. Nineteen past four.

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Speaker 1: Sport with the tab app download and get your bed

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Speaker 1: on R eighteen bit responsibly.

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Speaker 3: Jason Pine sports Wore Coast, Poney, you see what I'm

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Speaker 3: dealing with.

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Speaker 9: Yeah, but rude, you helped me out here.

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Speaker 3: He's not that bad, jeez. He just he's just taking

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Speaker 3: a minute to get them into shape because they're really

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Speaker 3: run down.

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Speaker 10: There's been a lot of reaction, and for me anyway,

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Speaker 10: a lot of overreaction. I think you know there's and

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Speaker 10: the wake of any all blacks lost, there is a

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Speaker 10: rush to blame somebody, and normally more than one person

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Speaker 10: and I think, yeah, there's just been a lot of

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Speaker 10: hyperbole over for the last twenty four hours. I think

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Speaker 10: we all need to take a deep breath and calm down.

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Speaker 10: It's okay to be emotional about our sports teams, the

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Speaker 10: ones we love, and it's okay to question them when

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Speaker 10: things aren't going well. But you know, some of the

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Speaker 10: suggestions I've heard over the last twenty four hours have

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Speaker 10: been way out of left field.

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Speaker 9: Look, I think something has to change and.

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Speaker 10: Guys like Wallace a tt to Mighty Williams will come

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Speaker 10: back into the team for South Africa having come back

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Speaker 10: off the bench yesterday. I've got everything cross that Cam

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Speaker 10: Royguard's going to be okay, And I think they have

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Speaker 10: to look at changes in the back three as well.

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Speaker 10: I just wonder whether Rico Yowani and Seva Reese are

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Speaker 10: the right guys. I'd be making some change there as well.

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Speaker 3: Okay, Now we do have a problem without our depth

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Speaker 3: and number nine now at the moment, don't we?

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Speaker 9: We do?

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Speaker 10: Because you look at what might happen if Quartet Latimer's

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Speaker 10: rub injury is bad enough to keep him out of

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Speaker 10: the first South African Test and Royguard has not recovered

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Speaker 10: and we know, No, I hope them won't be there.

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Speaker 10: Top three half backs the ones we chose or rated

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Speaker 10: did for the French Test and presumably would tests and

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Speaker 10: whatever the Rugby Championship.

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Speaker 9: But I'm not there.

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Speaker 10: So we're down to Finlay Christy, you know, serviceable enough

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Speaker 10: halfback but not in the top three, and then Kyle

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Speaker 10: Preston who's never played for the All Blacks before. So

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Speaker 10: in the biggest test is the last Rugby World Cup final,

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Speaker 10: we're pretty thin at number nine.

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Speaker 3: Really, would you be doing what Elliott says we should do,

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Speaker 3: which is calling up Aaron Smith to come back from Japan.

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Speaker 9: Look, I'd certainly be on the phone just checking them out.

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Speaker 10: Look, I mean you know what, Heather, you could do

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Speaker 10: a lot worse than getting Aaron Smith back. He's in

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Speaker 10: still in pretty good shape playing in Japan, you know,

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Speaker 10: for a hail Mary in SOS.

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Speaker 3: We're talking rubbish, heare, aren't we because he don't he's

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Speaker 3: not eligible he's playing in Japan.

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Speaker 10: Well you can bend rules, can't you, as needs must

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Speaker 10: look at they're only New Zealand Rugby's own rules.

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Speaker 3: We're going to break them if we're calling Aaron back

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Speaker 3: from Japan. Why don't we call the handsome one back

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Speaker 3: from Japan as well? Is that TJ No, the handsome

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Speaker 3: one in number ten?

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Speaker 10: Richie, it's a different situation together, and that he probably

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Speaker 10: doesn't want to come back just at the moment. Look, look,

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Speaker 10: I don't think well, I don't think we're sending out

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Speaker 10: out sos's.

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Speaker 9: I think they'll go with what they've got.

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Speaker 10: But yeah, look like I said, I think the single

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Speaker 10: biggest boost of this team would be if Cameroy guards

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Speaker 10: fit for these games.

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Speaker 3: Yeah, totally. Now listen, are the Warriors top four? Just

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Speaker 3: update us where we're at with this.

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Speaker 2: Yeah.

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Speaker 9: Fourth at the moment, are still in their own hands.

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Speaker 10: Two games to go, Eels Friday night at home and

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Speaker 10: then the Sea Eagles away the following weekends.

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Speaker 9: Win them both and they're in. They can afford to

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Speaker 9: lose one.

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Speaker 10: If one of the Broncos or Sharks, in fact, both

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Speaker 10: of them lose one of their remaining games, they're still

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Speaker 10: a bit to go.

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Speaker 9: Look, it's in their own hands.

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Speaker 10: They've won two in a row now off the back

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Speaker 10: of that sort of three lost period, got players coming back.

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Speaker 10: I'm backing them into the top four once they get there.

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Speaker 10: Who knows, but given the fact they were thirteenth last year,

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Speaker 10: if you'd said, you know, to Warriors fans, you'll be

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Speaker 10: fourth in twenty twenty five, they would bite your hand

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Speaker 10: off for them.

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Speaker 3: We'll take it. Thank you Piney, appreciate it. Jason Pine

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Speaker 3: and Sports store Coast. He's back at seven o'clock to night.

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Speaker 3: By the way, on the NRL, the Titans of sacked

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Speaker 3: Des Hasler after that loss. They were like, you are

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Speaker 3: no longer our coach. Out you go this. They did

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Speaker 3: it first thing this morning because they're basically I don't

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Speaker 3: know if you're aware of this, on track to get

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Speaker 3: the Wooden Spoon. No indication yet as to who is

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Speaker 3: absolutely going to be replacing him by tell you what

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Speaker 3: they've got No mercy over there, do they?

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Speaker 1: For twenty three The name you trust to get the

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Speaker 1: answers you need, it's Heather Duplicy Ellen Drive with one

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Speaker 1: New Zealand coverage like no one else us talk.

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Speaker 2: They'd be okay, this is.

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Speaker 3: How you would get over here. If you could use

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Speaker 3: that funding for the rock stars, you'd get Lady Gaga

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Speaker 3: because she's going to Australia later in the year, hasn't

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Speaker 3: confirmed she's coming here you get Oasis because they're going

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Speaker 3: to Australia, they're not coming here. You get Beyonce, you

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Speaker 3: get Tata, get all the big names, wouldn't you get

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Speaker 3: You could probably stretch to that headiest demon Hunter's song

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Speaker 3: and get them over here, but unfortunately they're not real,

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Speaker 3: are AI? Just just to remind you of how much

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Speaker 3: that how shite that song is for twenty six Now,

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Speaker 3: this is a little bit technical and boring, but this

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Speaker 3: is important because if this does go ahead in one

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Speaker 3: form or the other, it will it will bring down

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Speaker 3: your mortgage what you're paying the banks, hopefully by at

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Speaker 3: least something. The Reserve Bank is reviewing the capital requirements.

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Speaker 3: The bank capital requirements. This is the thing that they've

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Speaker 3: been ushering in for the last six years after Adrian

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Speaker 3: all dreamt it up. The thing is designed to make

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Speaker 3: it so that banks don't fall over in a crisis,

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Speaker 3: but it's very onerous and really conservative, like it's it's

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Speaker 3: totally planning for the absolute worst case scenario and we're

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Speaker 3: probably not going to have that anyway. Got two options,

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Speaker 3: which is basically they freeze where they're at right now

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Speaker 3: and don't go any further because there's more to come

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Speaker 3: or they make some other changes with the same broad

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Speaker 3: effect whatever, and one will be more advantageous to your

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Speaker 3: mortgage repayments than the other, so making it cheaper for us.

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Speaker 3: We're going to have a chat to Clare Matthews, the

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Speaker 3: banking expert. She'll be with us after five o'clock. The

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Speaker 3: mushroom chef is back in court today, by the way,

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Speaker 3: Aaron Patterson. She's got her sentencing, so she's been in

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Speaker 3: court all day, been running all day. Family families of

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Speaker 3: the victims have been given their victim impact statements. We're

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Speaker 3: going to go to Oli Peterson after six sorry only

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Speaker 3: about twelve minutes actually, and have a chat to him.

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Speaker 3: Just get the latest on it. Former impact. It just

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Speaker 3: just this is not going to come up in corporate.

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Speaker 3: Here's a bit of goss for you. A former inmate

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Speaker 3: reckons that she had a filthy prison cell, and that

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Speaker 3: she hardly slept when she was in jail, and that

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Speaker 3: she crocheted day and night. Didn't deny the crimes, but

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Speaker 3: said they couldn't prove it. News is next.

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Speaker 1: On your smart speaker, on the iHeart app, and in

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Speaker 1: your car on your drive home. It's Heather Duplicy Ellen

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Speaker 1: Drive with one New Zealand had the power of satellite

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Speaker 1: mobile news talks'd be.

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Speaker 3: I told Judihar, so can you compaen minutes time? Oliver

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Speaker 3: Peterson is standing by out of Australia hea that the

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Speaker 3: Titans have announced that Josh Hannay is going to coach kat.

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Speaker 3: Thank you for the heads up. Guess how much the

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Speaker 3: immigrant population in the US has fallen since Donald Trump

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Speaker 3: started his crackdown? One million people. That's a significant amount,

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Speaker 3: because it's that it was about fifty three million. It's

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Speaker 3: down to slight fifty one and change. It's been growing

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Speaker 3: for fifty years and since he started the crackdown. Fallen

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Speaker 3: twenty five away from four.

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Speaker 1: It's the world wires on news Talks, Eddy Drive.

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Speaker 3: Twenty five away from five. Obviously actually apologies for that.

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Speaker 3: At least two people have died in an Israeli strike

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Speaker 3: on the capital of Yemen. The Middle East experts says

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Speaker 3: Israel and the Hooties attacks on each other are getting.

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Speaker 11: Worse another who the attack has a greater chance of

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Speaker 11: inflicting casualties inside of Israel, and if that does happen,

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Speaker 11: we would expect the Israelis to react very harshly. Towards Yemen,

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Speaker 11: especially towards some of its civilian military infrastructure.

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Speaker 3: The Australian federal government is accelerating a scheme to get

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Speaker 3: first home buyers into houses. The program will allow first

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Speaker 3: home buyers to buy a house with only a five

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Speaker 3: percent deposit, and we'll start in October, which is three

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Speaker 3: months earlier than planned. Here's elbow.

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Speaker 12: These measures, together with our Housing Australia Future Fund, our

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Speaker 12: Build to Rent scheme, our Shared Equity scheme, are all

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Speaker 12: about delivering inquest supply but also delivering increased home ownership.

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Speaker 3: And finally, a sheriff in Florida has shown up to

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Speaker 3: a press conference wearing a gold chain seized in a

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Speaker 3: drug trafficking bust. Sheriff Grady Judd was very excited to

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Speaker 3: show off his new drip alongside all the drugs and

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Speaker 3: guns that were seized in the bust.

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Speaker 8: I got your drip, I got their body, we got

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Speaker 8: their guns, we got their dop.

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Speaker 3: Drip is obviously the new slang term for swag or blindling.

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Speaker 1: International correspondence with ends and eye insurance peace of mind

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Speaker 1: for New Zealand.

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Speaker 3: Business, Olli Peterson six pr per Live presenters with us

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Speaker 3: OLLI Hallo.

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Speaker 9: Hallo, heaven.

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Speaker 13: Yes, and our ands can't control this one because it's

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Speaker 13: at my end, you.

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Speaker 3: Know, honestly, just the confidence from you after what the

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Speaker 3: spring Box did to you, guys, so.

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Speaker 14: You can't lose, Heather.

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Speaker 13: I mean, you've got a foot in both camps this weekend.

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Speaker 13: New Zealand lose, South Africa wins, So Heather's happy, right, Yeah.

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Speaker 3: Yeah, I'm having a good time quite, do you know what.

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Speaker 3: I'm one of those contrarians though, that likes it when

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Speaker 3: the All Blacks just get reminded that they can't always win,

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Speaker 3: because that does get dull. You'll never have experienced the

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Speaker 3: alli in your life, but as a country that always

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Speaker 3: won for a really long time, gosh, it gets boring.

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Speaker 13: Oh I'm sure it does. But I mean, like we

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Speaker 13: always do here in Australia. If when, if there's something

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Speaker 13: that's successful in New Zealand's we obviously claim it for

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Speaker 13: ourselves because if it didn't leave New Zealand and the

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Speaker 13: rest of the will wouldn't know about it unless it

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Speaker 13: came to us throughout from.

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Speaker 3: Either But hey, listen, what about we were so stoked

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Speaker 3: about James O'Connor and then as boot just went awry,

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Speaker 3: didn't it?

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Speaker 13: It did, But that's okay. You know, we broke a

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Speaker 13: record in Johannesburg. You know, lots of injuries over the weekend.

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Speaker 13: But we're back with that baby. Oh yeah, I'm confident

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Speaker 13: with us.

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Speaker 3: See now Aaron Patterson is back. How did that go down?

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Speaker 14: Yeah, well, I'll tell you what.

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Speaker 13: She's appeared back in court today and she has been

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Speaker 13: us to hear these impact statements and our only surviving

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Speaker 13: victim has forgiven her would you believe, for trying to

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Speaker 13: kill her husband, But she urged her in court to

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Speaker 13: confess to the murders, and Aaron Patterson continues to deny

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Speaker 13: that so Ian Wilkinson's wife Hedda, who was obviously murder

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Speaker 13: along with her sister Gail Patterson husband Don by that

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Speaker 13: death cat mushroom lace beef Wellington prepared by Patterson. And

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Speaker 13: in the Supreme Court of Melbourne today the church pastor

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Speaker 13: he stood in the court and described the impact of

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Speaker 13: losing his wife becoming ill while offering that olive branch

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Speaker 13: of forgiveness to the killer. He said, what foolishness possesses

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Speaker 13: a person to think that murder could be a solution

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Speaker 13: for their problems, especially people who only have good intentions

439
00:19:53,040 --> 00:19:53,600
Speaker 13: towards her.

440
00:19:53,960 --> 00:19:54,800
Speaker 14: She's brought deep.

441
00:19:54,600 --> 00:19:56,439
Speaker 13: Sorrow and grief into my life and the life of others.

442
00:19:56,480 --> 00:20:00,959
Speaker 13: Now she hasn't said anything. She's refusing to again confess

443
00:20:01,000 --> 00:20:03,720
Speaker 13: to those murders. But no doubt there's a hell of

444
00:20:03,720 --> 00:20:06,280
Speaker 13: a lot of intrigue into this today and whether we

445
00:20:06,320 --> 00:20:10,000
Speaker 13: hear anything from Aaron Patterson before she is formally sentenced.

446
00:20:10,400 --> 00:20:11,880
Speaker 14: I'm not holding the breath now.

447
00:20:11,920 --> 00:20:14,920
Speaker 3: I'm surprised that you guys don't have a public sex

448
00:20:14,960 --> 00:20:17,520
Speaker 3: offender registry in Queensland's going to be the first.

449
00:20:17,800 --> 00:20:18,360
Speaker 14: Yeah, it is.

450
00:20:18,480 --> 00:20:20,800
Speaker 13: So you're going to be able to research this depending

451
00:20:20,800 --> 00:20:22,159
Speaker 13: on where you live, to know if there is a

452
00:20:22,520 --> 00:20:24,680
Speaker 13: sex offender that lives in your neighborhood, and you'll actually

453
00:20:24,680 --> 00:20:27,239
Speaker 13: get images as well of what this particular person looks like.

454
00:20:27,359 --> 00:20:29,480
Speaker 3: So it's public facing, so we can go for a

455
00:20:29,520 --> 00:20:30,280
Speaker 3: little search on it.

456
00:20:30,640 --> 00:20:31,320
Speaker 8: Well that's it.

457
00:20:31,760 --> 00:20:36,040
Speaker 13: So you know, look, there are some lobby groups here saying, well,

458
00:20:36,080 --> 00:20:38,040
Speaker 13: you know there's some human rights issues around this.

459
00:20:38,080 --> 00:20:40,320
Speaker 14: Well, you know, don't do what you did before then

460
00:20:40,320 --> 00:20:41,600
Speaker 14: you wouldn't have to worry about these things.

461
00:20:41,600 --> 00:20:43,960
Speaker 13: But I'm not saying that you want vigilades to go

462
00:20:44,000 --> 00:20:47,239
Speaker 13: around and bashing people up. But it is interesting here

463
00:20:47,240 --> 00:20:49,720
Speaker 13: in Western Australia we do have not quite the same

464
00:20:49,840 --> 00:20:53,040
Speaker 13: level of what Queensland is just introduced. But you can

465
00:20:53,200 --> 00:20:55,680
Speaker 13: research if they're you know, put your post code basically

466
00:20:55,720 --> 00:20:57,440
Speaker 13: into a website and say does somebody live at six

467
00:20:57,480 --> 00:20:59,399
Speaker 13: double zero four? Now they've got to tee you the

468
00:20:59,440 --> 00:21:01,080
Speaker 13: address or the street that they live or but how

469
00:21:01,080 --> 00:21:03,760
Speaker 13: many sex offenders live in your suburbs? So Queensland is

470
00:21:03,800 --> 00:21:06,879
Speaker 13: going well, that's right, it doesn't mean anything, doesn't So

471
00:21:06,920 --> 00:21:08,240
Speaker 13: you might live in a suburb with ten and I

472
00:21:08,280 --> 00:21:09,560
Speaker 13: might live in a suburb with one hundred.

473
00:21:09,800 --> 00:21:11,119
Speaker 14: Great, how does that make you feel?

474
00:21:11,720 --> 00:21:14,199
Speaker 13: So this one, though, they want to go national, and

475
00:21:14,240 --> 00:21:16,280
Speaker 13: it actually ties into what we were talking about on

476
00:21:16,320 --> 00:21:19,920
Speaker 13: Friday Heather with regards to the childcares and being able

477
00:21:19,960 --> 00:21:23,560
Speaker 13: to have a police check. So the attorney's generals nationally

478
00:21:23,720 --> 00:21:28,840
Speaker 13: cannot agree to standardize legislation around that particular police check.

479
00:21:28,880 --> 00:21:31,360
Speaker 13: But that's why Queensland's going hard. And first it's brought

480
00:21:31,359 --> 00:21:33,800
Speaker 13: on by the morcamb family or all. Remember Daniel Morcambe

481
00:21:33,840 --> 00:21:36,280
Speaker 13: of course in his legacy as to why this is

482
00:21:36,320 --> 00:21:37,680
Speaker 13: being introduced Daniel's law.

483
00:21:38,160 --> 00:21:41,160
Speaker 14: It's to try and help children who can't protect themselves.

484
00:21:41,200 --> 00:21:44,719
Speaker 13: But I just I wonder whether or not by providing

485
00:21:44,720 --> 00:21:46,920
Speaker 13: people with images of those people who live in your suburbs,

486
00:21:47,240 --> 00:21:48,560
Speaker 13: what does that do?

487
00:21:48,640 --> 00:21:52,199
Speaker 14: What does that lead to? It's a rather interesting well is.

488
00:21:52,200 --> 00:21:54,359
Speaker 3: It about that, Ollie or is it actually about them?

489
00:21:54,400 --> 00:21:56,560
Speaker 3: I mean, there is an element to that. But we've

490
00:21:56,600 --> 00:22:00,560
Speaker 3: had a case, We've had cases where people have committed

491
00:22:00,600 --> 00:22:03,520
Speaker 3: sex offenses then gone under the radar, popped up again

492
00:22:03,560 --> 00:22:06,119
Speaker 3: and done it. Now, wouldn't it be helpful if you

493
00:22:06,240 --> 00:22:08,720
Speaker 3: are the step mother, let's say that you're the mother,

494
00:22:08,840 --> 00:22:10,800
Speaker 3: this is the step father, to actually just google them

495
00:22:10,840 --> 00:22:12,480
Speaker 3: and be like, has ha ay done this stuff before?

496
00:22:12,520 --> 00:22:13,680
Speaker 14: That's true, That's very true.

497
00:22:13,720 --> 00:22:15,880
Speaker 13: And I mean we use in WA a lot of

498
00:22:15,960 --> 00:22:18,480
Speaker 13: you know, sex offenders who are out from jail that

499
00:22:18,560 --> 00:22:20,640
Speaker 13: there to wear ankle bracelets. We have lots of people

500
00:22:20,640 --> 00:22:22,440
Speaker 13: that were them over here in WI and they don't

501
00:22:22,440 --> 00:22:23,240
Speaker 13: always work either.

502
00:22:23,560 --> 00:22:26,240
Speaker 3: Yeah, well there you go. Now listen, why did Sydney

503
00:22:26,240 --> 00:22:29,240
Speaker 3: walk away from this train station in the seventies.

504
00:22:29,040 --> 00:22:31,360
Speaker 13: Because all the Nimbi's didn't want I mean, it's Sydney's

505
00:22:31,359 --> 00:22:34,320
Speaker 13: eastern suburbs, right, this is like the most exclusive addressed

506
00:22:34,320 --> 00:22:36,280
Speaker 13: in Australia if you wanted to live in Well, I mean,

507
00:22:36,280 --> 00:22:37,600
Speaker 13: this is kind of place you'd live if you're in

508
00:22:37,600 --> 00:22:41,040
Speaker 13: Sydney Wllara, you'd love it. Head So they're saying, right,

509
00:22:41,080 --> 00:22:43,440
Speaker 13: this was built back in the seventies. It's all there,

510
00:22:43,480 --> 00:22:45,720
Speaker 13: but it's grassed over the top. But on the weekends,

511
00:22:46,119 --> 00:22:49,240
Speaker 13: how's this? They're going to open this station sixty years

512
00:22:49,320 --> 00:22:53,960
Speaker 13: later and build enough affordable housing apartments for additional ten

513
00:22:54,080 --> 00:22:55,199
Speaker 13: thousand new homes.

514
00:22:55,200 --> 00:22:57,120
Speaker 3: Oh no, ten thousand.

515
00:22:57,400 --> 00:22:59,760
Speaker 13: That's a nuts figure that they think they can squeeze

516
00:22:59,760 --> 00:23:00,679
Speaker 13: into a Lara.

517
00:23:00,800 --> 00:23:02,720
Speaker 14: The Nimbis are not happy about.

518
00:23:02,480 --> 00:23:04,399
Speaker 3: It at all, of course they're not. Hey, thank you

519
00:23:04,520 --> 00:23:07,000
Speaker 3: very much, Ollie, appreciate it and your charming as always.

520
00:23:07,040 --> 00:23:10,399
Speaker 3: Oliver Peterson six PR Perth Live Presenter eighteen away from.

521
00:23:10,280 --> 00:23:12,359
Speaker 2: Five ever due for c Allen.

522
00:23:13,480 --> 00:23:16,000
Speaker 3: It must be my age. But the more I think

523
00:23:16,040 --> 00:23:18,040
Speaker 3: about it, the more I love this public facing sex

524
00:23:18,080 --> 00:23:20,399
Speaker 3: offender register. Wouldn't you love that? I think? Do you

525
00:23:20,440 --> 00:23:24,040
Speaker 3: know what I have? I think I've reached the end

526
00:23:24,040 --> 00:23:29,760
Speaker 3: of the road with them caring about offenders' rights. It

527
00:23:29,880 --> 00:23:32,280
Speaker 3: might look it might just be surrounding myself with a

528
00:23:32,320 --> 00:23:35,040
Speaker 3: bunch of conservatives working at newstalk ZBI. I don't know.

529
00:23:35,480 --> 00:23:37,600
Speaker 3: Maybe it's maybe it comes. Maybe it's because I've hit

530
00:23:37,640 --> 00:23:40,080
Speaker 3: forty and I'm on the downhill slope. Maybe it's because

531
00:23:40,080 --> 00:23:42,359
Speaker 3: I've got kids. But if I had to choose between

532
00:23:42,400 --> 00:23:44,520
Speaker 3: old mate having his face on public and having to

533
00:23:44,520 --> 00:23:46,160
Speaker 3: walk around the street and be like, oh, yeah, there's

534
00:23:46,160 --> 00:23:49,000
Speaker 3: the sex pest in other areas and him feeling shamed

535
00:23:49,040 --> 00:23:53,880
Speaker 3: about that, I if that's that's one alternative. That's one possibility.

536
00:23:53,960 --> 00:23:57,080
Speaker 3: The other possibility is that you can know who shouldn't

537
00:23:57,080 --> 00:23:59,680
Speaker 3: be in your home, who shouldn't be with your children.

538
00:24:00,040 --> 00:24:01,639
Speaker 3: Oh you need to cross the road for you know

539
00:24:01,680 --> 00:24:03,359
Speaker 3: what I mean? Like, I prefer the second one. So

540
00:24:03,440 --> 00:24:05,920
Speaker 3: I feel like, if you're the kind of creepo who

541
00:24:05,960 --> 00:24:07,879
Speaker 3: has a go at other people for a bit of

542
00:24:07,920 --> 00:24:11,000
Speaker 3: your own self gratification, you should be named and shamed.

543
00:24:11,080 --> 00:24:12,959
Speaker 3: And I just don't give a tote anymore about it.

544
00:24:13,040 --> 00:24:15,240
Speaker 3: What do you think We've got far too far worrying

545
00:24:15,240 --> 00:24:20,280
Speaker 3: about them and theirs? Anyway? Definitely, I definitely sound, don't

546
00:24:20,280 --> 00:24:23,280
Speaker 3: I I definitely sound like I've got blue rims and

547
00:24:23,359 --> 00:24:25,880
Speaker 3: pearls right now, don't I and I'm about eighty years

548
00:24:25,920 --> 00:24:30,000
Speaker 3: old and I live in Nio or maybe even worse. Candala, Heather,

549
00:24:30,440 --> 00:24:32,920
Speaker 3: have you had a chance. If you get a chance,

550
00:24:32,920 --> 00:24:35,359
Speaker 3: can you please ask Nikola Willis when this announcement is

551
00:24:35,359 --> 00:24:37,320
Speaker 3: coming on the groceries. They said it would be by

552
00:24:37,359 --> 00:24:39,399
Speaker 3: the end of the quarter, which is Sunday, and if

553
00:24:39,400 --> 00:24:41,200
Speaker 3: they don't have an announcement, she will have lost all

554
00:24:41,240 --> 00:24:44,280
Speaker 3: credibility as far as I'm concerned. Thanks Hagen. Thank you

555
00:24:44,320 --> 00:24:46,440
Speaker 3: Hagen for reminding us we do have it on our list.

556
00:24:46,440 --> 00:24:48,840
Speaker 3: We did have also initially have it anyway on our

557
00:24:48,840 --> 00:24:50,880
Speaker 3: list for nikolib but it's always nice to know other

558
00:24:50,880 --> 00:24:52,840
Speaker 3: people have it on their list too. She's with us

559
00:24:52,920 --> 00:24:54,560
Speaker 3: after six sixteen away.

560
00:24:54,359 --> 00:24:57,840
Speaker 1: From five Politics with centrics credit check your customers and

561
00:24:57,840 --> 00:24:59,160
Speaker 1: get payments certainty.

562
00:24:58,960 --> 00:25:01,480
Speaker 3: Either the end of the quarter actually the thirtieth of September.

563
00:25:01,480 --> 00:25:03,640
Speaker 3: You're welcome, Thank you, Phil. We had got that wrong.

564
00:25:03,680 --> 00:25:06,399
Speaker 3: Thirteen away from five Barries so per senior political correspondence

565
00:25:06,440 --> 00:25:07,440
Speaker 3: with us Hallo Barring.

566
00:25:07,240 --> 00:25:07,960
Speaker 15: Good afternoon, Hedther.

567
00:25:08,000 --> 00:25:09,480
Speaker 3: Okay, so what do you make of the Reserve Bank

568
00:25:09,520 --> 00:25:11,000
Speaker 3: reviewing the capital requirements?

569
00:25:11,119 --> 00:25:13,960
Speaker 15: Well, look, there've been calls for this for so long

570
00:25:14,000 --> 00:25:16,480
Speaker 15: now it was Adrian or that pushed it through in

571
00:25:16,480 --> 00:25:21,520
Speaker 15: twenty nineteen against all advice, and of course banks say

572
00:25:21,560 --> 00:25:24,639
Speaker 15: that they're charging higher mortgage interest rates as a result.

573
00:25:24,920 --> 00:25:27,960
Speaker 15: At the moment, large banks have to hold thirteen and

574
00:25:27,960 --> 00:25:32,240
Speaker 15: a half percent of what they call risk weighted assets

575
00:25:32,240 --> 00:25:36,840
Speaker 15: in capital. Now that'll a rise, according to the ore recipe,

576
00:25:37,160 --> 00:25:41,520
Speaker 15: to eighteen percent by twenty twenty eight. Smaller banks that

577
00:25:41,560 --> 00:25:45,320
Speaker 15: are eleven point five rising to sixteen percent. So you know,

578
00:25:45,359 --> 00:25:48,480
Speaker 15: there's a lot of capital being held, and the financial

579
00:25:48,520 --> 00:25:52,040
Speaker 15: institutions here, as we know, are very very sound, and

580
00:25:52,080 --> 00:25:55,919
Speaker 15: that's one thing that we can be happy about. It

581
00:25:55,960 --> 00:25:58,320
Speaker 15: was interesting today that Chris lux and i'd know whether

582
00:25:58,359 --> 00:26:02,719
Speaker 15: you heard him the small talking about having a meeting

583
00:26:02,840 --> 00:26:06,960
Speaker 15: with the Reserve Bank in advance of the ocr being announced.

584
00:26:07,000 --> 00:26:08,640
Speaker 15: Now that is commonplace.

585
00:26:09,960 --> 00:26:10,520
Speaker 9: A lot of the.

586
00:26:10,480 --> 00:26:13,639
Speaker 15: Media has said, well, this is terrible, there's the independence

587
00:26:13,640 --> 00:26:17,520
Speaker 15: of the Reserve Bank. Well, prime ministers and finance ministers

588
00:26:17,880 --> 00:26:21,720
Speaker 15: have for a very long time met with the Reserve Bank,

589
00:26:22,480 --> 00:26:25,480
Speaker 15: who have told them what the official case rate will be.

590
00:26:25,520 --> 00:26:28,720
Speaker 15: The decisions already been made by the time they meet

591
00:26:28,720 --> 00:26:33,600
Speaker 15: with the politicians. This is how Chris Luxen sees his

592
00:26:34,000 --> 00:26:38,960
Speaker 15: conversations with the Central Banker before those ocr meetings or

593
00:26:39,080 --> 00:26:40,200
Speaker 15: announcements are made.

594
00:26:40,280 --> 00:26:42,920
Speaker 4: We will share our respective observations and views on the

595
00:26:42,960 --> 00:26:45,840
Speaker 4: economy and what we're respectively seeing coming at it from

596
00:26:45,880 --> 00:26:48,960
Speaker 4: slightly different takes a fiscal sense and also a monetary sense,

597
00:26:49,280 --> 00:26:52,560
Speaker 4: and those engagements I've always found very productive, very constructive.

598
00:26:52,920 --> 00:26:55,000
Speaker 4: You know, occasionally they're robust as we give our different

599
00:26:55,080 --> 00:26:57,680
Speaker 4: views on things. But equally the Reserve Bank always has

600
00:26:57,760 --> 00:27:00,920
Speaker 4: insight that I think is incredibly valuable for me dear

601
00:27:01,000 --> 00:27:03,520
Speaker 4: perspective as well, and that's why I appreciate those conversations.

602
00:27:03,520 --> 00:27:05,320
Speaker 4: But I want to be under no illusions I do

603
00:27:05,400 --> 00:27:08,840
Speaker 4: not direct the Reserve Bank. The Reserve Bank independence as sacrescinct.

604
00:27:09,480 --> 00:27:12,440
Speaker 15: The problem with Chris Luxen was that maybe he went

605
00:27:12,520 --> 00:27:16,400
Speaker 15: too far. He said in response to a question from

606
00:27:16,440 --> 00:27:20,080
Speaker 15: the host that in fact he would have cut by

607
00:27:20,520 --> 00:27:24,040
Speaker 15: fifty basis points. And perhaps that's taking it too far

608
00:27:24,160 --> 00:27:27,560
Speaker 15: because the independence of the bank has to be preserved.

609
00:27:27,760 --> 00:27:30,640
Speaker 3: It's a fair point. Is act going to be able

610
00:27:30,680 --> 00:27:33,240
Speaker 3: to get this end of Life Choice Act changed?

611
00:27:33,440 --> 00:27:35,680
Speaker 15: Well, it has to be a private members bill because

612
00:27:35,680 --> 00:27:40,400
Speaker 15: it's a conscience vote. And Todd Stevenson, the ACTMP. He's

613
00:27:40,440 --> 00:27:43,600
Speaker 15: going out talking to politicians around the House trying to

614
00:27:43,600 --> 00:27:45,879
Speaker 15: get their support for it. Like I said, it's a

615
00:27:45,920 --> 00:27:49,840
Speaker 15: conscience vote. Interestingly, if you look at the figures from

616
00:27:49,920 --> 00:27:54,640
Speaker 15: the year that the assisted death started in November twenty one,

617
00:27:55,119 --> 00:27:58,919
Speaker 15: two hundred and fifty seven assisted deaths took place in

618
00:27:59,000 --> 00:28:03,560
Speaker 15: that year, had grown a year later to six hundred

619
00:28:03,560 --> 00:28:06,560
Speaker 15: and seventy. From April twenty three to twenty four, three

620
00:28:06,640 --> 00:28:10,600
Speaker 15: hundred and forty four had their lives taken in that year.

621
00:28:11,080 --> 00:28:14,080
Speaker 15: About two and a half thousand people have applied. Now,

622
00:28:14,080 --> 00:28:17,159
Speaker 15: what they're saying, what Todd Stevens is saying, is the

623
00:28:17,200 --> 00:28:21,200
Speaker 15: Act should be changed so there's no longer that six.

624
00:28:21,400 --> 00:28:24,600
Speaker 3: Month than no dying in six months.

625
00:28:24,600 --> 00:28:26,760
Speaker 15: That yeah, you've got to have it from a position

626
00:28:26,800 --> 00:28:28,400
Speaker 15: that you're going to die with well.

627
00:28:28,200 --> 00:28:31,159
Speaker 3: Because the hell knows no what. Also, some people are

628
00:28:31,200 --> 00:28:35,720
Speaker 3: living with such debilitating condentionalize that will never kill them,

629
00:28:36,119 --> 00:28:38,600
Speaker 3: but which are so miserable to live with that they

630
00:28:38,600 --> 00:28:39,040
Speaker 3: don't want to.

631
00:28:39,080 --> 00:28:41,840
Speaker 15: Well, it's an undignified life. And what this is all

632
00:28:41,880 --> 00:28:45,640
Speaker 15: about is what they talk about is dignified, being dignified

633
00:28:45,640 --> 00:28:49,840
Speaker 15: in death and people that do suffer the way you've outlined.

634
00:28:49,880 --> 00:28:53,080
Speaker 15: I mean, why should they not be able to decide

635
00:28:53,320 --> 00:28:54,440
Speaker 15: to take their own life.

636
00:28:54,240 --> 00:28:55,560
Speaker 3: And see which way you would vote I for you

637
00:28:55,600 --> 00:28:58,960
Speaker 3: in the parliament? Well absolutely, Now what about the early

638
00:28:59,040 --> 00:29:00,520
Speaker 3: voting in the Timachem Toto seat.

639
00:29:02,000 --> 00:29:08,760
Speaker 15: It's opened today, so the ballot booths are out. I

640
00:29:08,880 --> 00:29:11,440
Speaker 15: keep saying it every time I see I think of

641
00:29:11,520 --> 00:29:19,120
Speaker 15: Tayrant I'm sure will be that's right, Yeah, he's it's

642
00:29:19,120 --> 00:29:23,080
Speaker 15: a race between him and the broadcaster are Reny Coprara.

643
00:29:23,560 --> 00:29:30,280
Speaker 15: But we've got the a couple of other people there

644
00:29:30,320 --> 00:29:35,440
Speaker 15: as well. You've got Bishop Tomoky's wife Hannah, she's in

645
00:29:35,520 --> 00:29:38,880
Speaker 15: the race as well. But look, people can enroll on

646
00:29:39,160 --> 00:29:42,800
Speaker 15: any day up to including voting day because the rules

647
00:29:42,800 --> 00:29:45,520
Speaker 15: haven't been changed yet, so they can go along, but

648
00:29:45,560 --> 00:29:48,640
Speaker 15: they can't change their electorate and they should remember that.

649
00:29:48,640 --> 00:29:51,360
Speaker 15: They can't turn up and say, now this is Tommocky

650
00:29:51,440 --> 00:29:54,680
Speaker 15: Maccolda to Malory seat. I want to be on the

651
00:29:54,720 --> 00:29:55,760
Speaker 15: Maldi roll now.

652
00:29:55,640 --> 00:29:58,800
Speaker 3: But you can't do that in advance. Do you think

653
00:29:58,800 --> 00:30:01,760
Speaker 3: it would be do you think it would be early

654
00:30:01,840 --> 00:30:05,120
Speaker 3: on set with you? Would it just be straight out to.

655
00:30:05,120 --> 00:30:09,000
Speaker 16: Mess I think that is just.

656
00:30:10,600 --> 00:30:15,240
Speaker 15: Laugh about things like I've heard you time and time again.

657
00:30:15,560 --> 00:30:17,320
Speaker 15: No call people the wrong.

658
00:30:20,080 --> 00:30:21,800
Speaker 9: Yeah, I just listeners.

659
00:30:22,000 --> 00:30:23,320
Speaker 8: Bond Bard, that.

660
00:30:24,720 --> 00:30:28,240
Speaker 3: Senior political correspondent away from five.

661
00:30:29,920 --> 00:30:33,280
Speaker 1: Putting the tough questions to the newspeakers. The mic asking

662
00:30:33,360 --> 00:30:34,320
Speaker 1: breakfast Bill.

663
00:30:34,080 --> 00:30:35,960
Speaker 17: Blacks go down to the argies for the first time

664
00:30:36,000 --> 00:30:37,840
Speaker 17: at their place, and you know how New Zealand has

665
00:30:37,880 --> 00:30:39,960
Speaker 17: handled an all black lost que the critics, Sir Graham

666
00:30:40,000 --> 00:30:41,840
Speaker 17: Henry joins us are we in trouble?

667
00:30:42,000 --> 00:30:42,160
Speaker 6: Nah?

668
00:30:42,480 --> 00:30:42,960
Speaker 2: Good, ma'am.

669
00:30:43,720 --> 00:30:46,800
Speaker 17: So I'm right this morning. It's the dumbest and dirtiest

670
00:30:46,800 --> 00:30:48,160
Speaker 17: team in rugby? Is that true?

671
00:30:48,240 --> 00:30:51,440
Speaker 16: No, that's that's just ridiculous. It's a very evening competition.

672
00:30:51,520 --> 00:30:53,800
Speaker 16: I think we've probably got a bit complacent. We've got

673
00:30:53,800 --> 00:30:56,960
Speaker 16: a bit comfortable, I would imagine after and reasonably easy.

674
00:30:57,000 --> 00:30:58,920
Speaker 16: We're in the first chase and I think they paraty

675
00:30:58,960 --> 00:31:01,520
Speaker 16: got comfortable, but I think be very good going forward

676
00:31:01,520 --> 00:31:04,600
Speaker 16: against Aubert Precuran. Here there's nothing like Anwzeland team that's

677
00:31:04,760 --> 00:31:07,400
Speaker 16: all black team that's got beat and it really galvanizes them.

678
00:31:07,640 --> 00:31:10,440
Speaker 17: Back tomorrow at six am, the mic hosking Breakfast with

679
00:31:10,600 --> 00:31:14,200
Speaker 17: a Vida News Talk z'd beat hither.

680
00:31:14,040 --> 00:31:16,040
Speaker 3: To be fair to Barry you've called the time wrong

681
00:31:16,160 --> 00:31:19,720
Speaker 3: twice today, so here thank you. Will I have and

682
00:31:19,760 --> 00:31:22,320
Speaker 3: I'm aware of that. I guess, I guess the differences.

683
00:31:22,360 --> 00:31:25,360
Speaker 3: I know when it's happening. No, then, to be fair,

684
00:31:25,400 --> 00:31:28,840
Speaker 3: so did he anyway? Listen, serious stuff five away from five.

685
00:31:28,960 --> 00:31:30,600
Speaker 3: It's not a good time to be a pharmacist at

686
00:31:30,640 --> 00:31:32,280
Speaker 3: the moment, I would think, because we've got two more

687
00:31:32,280 --> 00:31:35,280
Speaker 3: cases a pharmacist stuffing things up. Now you already know

688
00:31:35,280 --> 00:31:37,720
Speaker 3: about the one where the unfortunately the two month old

689
00:31:37,720 --> 00:31:40,480
Speaker 3: died because she was given an adult dose of phosphate.

690
00:31:41,040 --> 00:31:43,400
Speaker 3: Now you've got two more cases, a woman who overdosed

691
00:31:43,440 --> 00:31:46,120
Speaker 3: on fentanyl because the pharmacy gave her six times the

692
00:31:46,160 --> 00:31:48,360
Speaker 3: amount she was supposed to have. Also the case of

693
00:31:48,400 --> 00:31:51,480
Speaker 3: a man who died because the pharmacist mismanaged as blood thinners.

694
00:31:51,800 --> 00:31:54,760
Speaker 3: This has become public now. What appears to have happened

695
00:31:54,800 --> 00:31:56,320
Speaker 3: is when you're on the blood thinners, you're supposed to

696
00:31:56,320 --> 00:31:59,120
Speaker 3: get blood's done every now and again. Pharmacist was making

697
00:31:59,120 --> 00:32:01,080
Speaker 3: sure everything was with the range, but he was out

698
00:32:01,160 --> 00:32:03,040
Speaker 3: of range, and he was like way out of range.

699
00:32:03,200 --> 00:32:06,080
Speaker 3: So he's supposed to go up to his GP, but

700
00:32:06,120 --> 00:32:08,400
Speaker 3: the pharmacist didn't send him to the GP just made

701
00:32:08,400 --> 00:32:10,800
Speaker 3: some changes to the dose which gave the man instructions

702
00:32:10,840 --> 00:32:12,520
Speaker 3: about what to take and when told him to come

703
00:32:12,560 --> 00:32:15,320
Speaker 3: back for a week and a week rather for another test.

704
00:32:15,360 --> 00:32:17,240
Speaker 3: Never made it that father man was in a hospital

705
00:32:17,320 --> 00:32:19,240
Speaker 3: in an Ambo, on the way to hospital the very

706
00:32:19,240 --> 00:32:22,160
Speaker 3: next night and then died. So not a great great

707
00:32:22,200 --> 00:32:24,239
Speaker 3: time for trust and pharmacists. So I would say we're

708
00:32:24,240 --> 00:32:26,520
Speaker 3: going to speak to one after five o'clock, just ten

709
00:32:26,560 --> 00:32:31,000
Speaker 3: past five. Oh and also some good never mind fon

710
00:32:31,080 --> 00:32:34,200
Speaker 3: Terra Picks Pixus or you know the Peanut butter people,

711
00:32:34,200 --> 00:32:36,920
Speaker 3: you know the great peanut out of people from Nelson.

712
00:32:37,080 --> 00:32:39,800
Speaker 3: They've just sold fifty one percent of the business to

713
00:32:39,840 --> 00:32:42,520
Speaker 3: an Aussie based business. It's out of Melbourne. So we

714
00:32:42,600 --> 00:32:45,000
Speaker 3: have chick to chat to the chap who set up Picks.

715
00:32:45,080 --> 00:32:46,960
Speaker 3: He'll be with us also in the next twenty minutes.

716
00:32:48,440 --> 00:32:51,320
Speaker 3: Congratulations to Simeon Brown. We were going to get him

717
00:32:51,320 --> 00:32:53,160
Speaker 3: on the show today, but Simeon can't come on the

718
00:32:53,160 --> 00:32:56,080
Speaker 3: show because Simeon as on paternity leave. You know, we

719
00:32:56,240 --> 00:32:58,000
Speaker 3: have a baby. The dad's get a couple of weeks.

720
00:32:58,120 --> 00:33:01,400
Speaker 3: Isn't that that space baby number four? So if you

721
00:33:01,440 --> 00:33:03,680
Speaker 3: think geez, look at him, he's young. Look at how

722
00:33:03,800 --> 00:33:06,040
Speaker 3: young that man is doing such a big job. Not

723
00:33:06,080 --> 00:33:07,600
Speaker 3: only is a young man doing a big job, but

724
00:33:07,640 --> 00:33:09,640
Speaker 3: he's a young man with four children as well. So

725
00:33:10,080 --> 00:33:14,320
Speaker 3: congrats to mister and mister and mister and missus Brown. Right,

726
00:33:14,400 --> 00:33:16,200
Speaker 3: I'll have a chat about banking next News Talks.

727
00:33:16,200 --> 00:33:16,520
Speaker 2: It be.

728
00:33:39,760 --> 00:33:42,480
Speaker 1: The only drive show you can trust. Truck to ask

729
00:33:42,520 --> 00:33:46,320
Speaker 1: the questions, get the answers, find a fag.

730
00:33:45,880 --> 00:33:47,760
Speaker 2: And give the analysis.

731
00:33:48,080 --> 00:33:51,440
Speaker 1: Here the duplicy Ellen Drive with one New Zealand and

732
00:33:51,480 --> 00:33:56,000
Speaker 1: the power of satellite Mobile News Talks That be afternoon.

733
00:33:56,040 --> 00:33:58,640
Speaker 3: The Reserve Bank is proposing to change the rules around

734
00:33:58,720 --> 00:34:00,600
Speaker 3: how much money our banks are supped to hold for

735
00:34:00,640 --> 00:34:03,600
Speaker 3: a rainy day. So they're reviewing the so called capital

736
00:34:03,640 --> 00:34:06,280
Speaker 3: requirement rules, which are supposed to help retail banks whether

737
00:34:06,320 --> 00:34:08,960
Speaker 3: are one in two hundred year crisis, but they're widely

738
00:34:08,960 --> 00:34:11,960
Speaker 3: considered to be onerous and very conservative. Doctor Claire Matthews

739
00:34:12,040 --> 00:34:16,040
Speaker 3: is Massy University's banking expert. High clear, Hi, Heather, how

740
00:34:16,080 --> 00:34:17,480
Speaker 3: do you feel about them going softer?

741
00:34:20,400 --> 00:34:23,640
Speaker 18: Members to be comfortable? The reality is there's been a

742
00:34:23,640 --> 00:34:27,600
Speaker 18: lot of comment about the fact that the current regulations

743
00:34:27,640 --> 00:34:29,799
Speaker 18: we're seen as a little bit higher than they need

744
00:34:29,840 --> 00:34:32,719
Speaker 18: to be. So all we're looking at is bringing them

745
00:34:32,760 --> 00:34:35,479
Speaker 18: back to what is really seen as a more reasonable level.

746
00:34:35,880 --> 00:34:40,000
Speaker 3: And which of the two options do you prefer at

747
00:34:40,040 --> 00:34:41,960
Speaker 3: the stage? I don't have a strong preference.

748
00:34:42,680 --> 00:34:44,600
Speaker 18: I think we need to have a little bit more

749
00:34:44,640 --> 00:34:47,160
Speaker 18: time to have a look at them and just see

750
00:34:47,200 --> 00:34:49,160
Speaker 18: exactly what are the implications of them both.

751
00:34:49,320 --> 00:34:51,320
Speaker 3: How would you feel abo us about us unwinding it

752
00:34:51,360 --> 00:34:52,920
Speaker 3: all together, going back to the way it was pre

753
00:34:53,000 --> 00:34:53,720
Speaker 3: twenty nineteen.

754
00:34:55,480 --> 00:34:58,120
Speaker 18: Well, that's an option, but I think the reality is

755
00:34:58,160 --> 00:35:01,120
Speaker 18: that it's reasonable to suggest that before twenty nineteen we

756
00:35:01,120 --> 00:35:03,719
Speaker 18: were perhaps a little bit light, so beefing it up

757
00:35:03,760 --> 00:35:06,840
Speaker 18: a little bit, but perhaps just not as far as

758
00:35:06,960 --> 00:35:08,879
Speaker 18: the current rules have taken us.

759
00:35:09,160 --> 00:35:11,759
Speaker 3: I mean, there are some estimations that if we had

760
00:35:11,800 --> 00:35:13,759
Speaker 3: gone all the way through with this, we would be

761
00:35:13,800 --> 00:35:16,960
Speaker 3: paying twenty five basis points, maybe thirty eight bases points

762
00:35:17,280 --> 00:35:19,799
Speaker 3: too much in contrast to the Australians. Would you say

763
00:35:19,840 --> 00:35:20,480
Speaker 3: that's about right?

764
00:35:22,360 --> 00:35:25,200
Speaker 18: I haven't done the calculations, but I'm prepared to accept

765
00:35:25,200 --> 00:35:27,440
Speaker 18: that those calculations are probably accurate.

766
00:35:27,120 --> 00:35:29,000
Speaker 3: And so therefore if we stop it in its tracks,

767
00:35:29,040 --> 00:35:30,760
Speaker 3: won't be as much as that, but we could potentially

768
00:35:30,760 --> 00:35:33,480
Speaker 3: save a fair chunk in money that we're not going

769
00:35:33,520 --> 00:35:34,399
Speaker 3: to have to pay.

770
00:35:35,440 --> 00:35:35,600
Speaker 16: Oh.

771
00:35:35,680 --> 00:35:38,560
Speaker 18: Absolutely, it will have an impact on the rates that

772
00:35:38,760 --> 00:35:42,160
Speaker 18: are charged on home loans and other lending and therefore

773
00:35:42,160 --> 00:35:44,520
Speaker 18: all duice three payments and that's got to be good

774
00:35:44,520 --> 00:35:45,120
Speaker 18: for everybody.

775
00:35:45,239 --> 00:35:48,120
Speaker 3: Yeah, listen on that. Do you have any concern about

776
00:35:48,120 --> 00:35:50,560
Speaker 3: the fact that this review has quite clearly come about

777
00:35:50,600 --> 00:35:52,640
Speaker 3: because the Finance Minister has been asking for it.

778
00:35:56,200 --> 00:36:00,840
Speaker 18: I mean that is a concern, the political intervention, But

779
00:36:01,440 --> 00:36:05,400
Speaker 18: given that it's reasonable that you know, there have been

780
00:36:05,440 --> 00:36:07,480
Speaker 18: a lot of people that have said that actually the

781
00:36:07,560 --> 00:36:10,759
Speaker 18: bank Reserve Bank went too far. It's just taken the

782
00:36:10,880 --> 00:36:13,480
Speaker 18: government intervention to actually force them to have another look

783
00:36:13,480 --> 00:36:17,720
Speaker 18: at it. So, yes, some disquiet, but not a huge amount.

784
00:36:17,920 --> 00:36:21,080
Speaker 3: And then what about Christopher Luxen this morning saying that

785
00:36:21,160 --> 00:36:23,520
Speaker 3: he thought the Reserve Bank should have cut the ocr

786
00:36:23,640 --> 00:36:27,000
Speaker 3: lower earlier. Is that also a little bit of overstepping

787
00:36:27,000 --> 00:36:28,680
Speaker 3: the mark read the independence? What do you think?

788
00:36:28,800 --> 00:36:32,520
Speaker 18: Oh, it's fine to offer an opinion, but the problem

789
00:36:32,560 --> 00:36:35,240
Speaker 18: is when you're the Prime minister, it's more than an opinion.

790
00:36:35,360 --> 00:36:39,040
Speaker 18: It's seeking to sway what's happening. And yes, that really

791
00:36:39,120 --> 00:36:42,200
Speaker 18: is going beyond what should be being said, given that

792
00:36:42,320 --> 00:36:45,240
Speaker 18: we do have an independent reserve bank, and they're making

793
00:36:45,400 --> 00:36:46,160
Speaker 18: the judgment call.

794
00:36:46,239 --> 00:36:48,359
Speaker 3: Okay, But the thing is, Claire, we all know the

795
00:36:48,360 --> 00:36:50,279
Speaker 3: Reserve Bank is wrong, right, we're looking at it. We

796
00:36:50,320 --> 00:36:52,279
Speaker 3: can all see they should a cut earlier. We all

797
00:36:52,320 --> 00:36:55,000
Speaker 3: knew the capital requirements were too onerous. So if you

798
00:36:55,040 --> 00:36:57,000
Speaker 3: have to choose between them actually getting on the right

799
00:36:57,040 --> 00:36:59,600
Speaker 3: track with a little bit of political help versus independence,

800
00:36:59,640 --> 00:37:00,839
Speaker 3: which is more important to.

801
00:37:00,760 --> 00:37:05,120
Speaker 18: You, to be honest, Actually the independence is more important

802
00:37:05,160 --> 00:37:09,239
Speaker 18: because the political interference at the moment might not be

803
00:37:09,280 --> 00:37:12,359
Speaker 18: too bad, but there's a strong risk that you know,

804
00:37:12,560 --> 00:37:14,520
Speaker 18: it's a slippery slope and you know a little bit

805
00:37:14,600 --> 00:37:17,440
Speaker 18: now and it gets a lot more significant later on.

806
00:37:17,560 --> 00:37:21,520
Speaker 18: So independence would win out over the benefits of the

807
00:37:21,600 --> 00:37:23,640
Speaker 18: little bit of political push that we've had so far.

808
00:37:23,800 --> 00:37:26,520
Speaker 3: Claire, thanks for your time and your expertise. That's Claire Matthews,

809
00:37:26,520 --> 00:37:28,840
Speaker 3: Doctor Clare Matthew's Matthew University Banking expert.

810
00:37:29,840 --> 00:37:31,080
Speaker 2: Ever due for see Ellen.

811
00:37:31,400 --> 00:37:34,120
Speaker 3: Concerns are being raised about the safety of prescriptions after

812
00:37:34,160 --> 00:37:36,960
Speaker 3: two more reports of incorrect dosage. Now a Dunedin woman

813
00:37:37,000 --> 00:37:39,839
Speaker 3: has suffered an overdose of fentanyl after being given six

814
00:37:39,960 --> 00:37:43,040
Speaker 3: times her prescribed dosage. And a man has passed away

815
00:37:43,120 --> 00:37:45,480
Speaker 3: after a pharmacist saw anomalies in his blood from the

816
00:37:45,480 --> 00:37:47,759
Speaker 3: blood than medication he was on, but didn't send him

817
00:37:47,760 --> 00:37:50,160
Speaker 3: back to his GP like he should have. Lanny Wong

818
00:37:50,280 --> 00:37:53,000
Speaker 3: is the director of mung of Phi Pharmacy and with us. Hey, Lannie,

819
00:37:53,800 --> 00:37:56,239
Speaker 3: her cooky again and it's good to have you back

820
00:37:56,239 --> 00:37:58,640
Speaker 3: with us. Thank you. Are these isolated incidents or something

821
00:37:58,640 --> 00:37:59,560
Speaker 3: bigger going on here?

822
00:38:00,239 --> 00:38:02,920
Speaker 19: Look, you know it's I think errors do happen, like

823
00:38:02,960 --> 00:38:05,080
Speaker 19: it definitely does happen. I'm not saying, you know, farmers

824
00:38:05,160 --> 00:38:07,239
Speaker 19: Is are perfect. This is one of those things that

825
00:38:07,280 --> 00:38:09,719
Speaker 19: definitely happened, and I think, you know, the media is

826
00:38:09,719 --> 00:38:11,880
Speaker 19: definitely highlighting it. I think there's a lot of interest

827
00:38:12,080 --> 00:38:14,919
Speaker 19: in why this is happening, which is which is probably

828
00:38:14,960 --> 00:38:18,640
Speaker 19: a good thing, but also very sad to finally talk

829
00:38:18,680 --> 00:38:21,440
Speaker 19: about this so openly, you know, you know, on the

830
00:38:21,480 --> 00:38:23,680
Speaker 19: backs of such a sad case.

831
00:38:24,400 --> 00:38:26,759
Speaker 3: Problem here is I mean, in at least two of

832
00:38:26,760 --> 00:38:29,800
Speaker 3: the incidents, the problem could well be that that perhaps

833
00:38:29,960 --> 00:38:32,440
Speaker 3: you know, somebody had failed to double check, or they

834
00:38:32,440 --> 00:38:34,360
Speaker 3: had double checked and just not had their brain turned

835
00:38:34,360 --> 00:38:36,800
Speaker 3: on but in the one with the failing to send

836
00:38:36,840 --> 00:38:38,680
Speaker 3: the doctor back to the sort of failing to send

837
00:38:38,719 --> 00:38:40,440
Speaker 3: the passion back to the GP, what happened there.

838
00:38:41,320 --> 00:38:43,239
Speaker 19: Yes, it's very hard for me to comment on that

839
00:38:43,400 --> 00:38:47,000
Speaker 19: case without knowing all the full details. But you know,

840
00:38:47,120 --> 00:38:49,160
Speaker 19: like I would always go back to saying, you know,

841
00:38:49,480 --> 00:38:52,640
Speaker 19: farmers are so definitely under pressure, like we're you know,

842
00:38:52,920 --> 00:38:56,279
Speaker 19: our work. You know, the way we're funded is that

843
00:38:56,320 --> 00:38:59,239
Speaker 19: we are being funded to do more prescription, like you know,

844
00:38:59,280 --> 00:39:01,800
Speaker 19: the You know, if we want our business to be vible,

845
00:39:01,840 --> 00:39:04,320
Speaker 19: we need to keep up with their amount of prescription

846
00:39:04,400 --> 00:39:07,520
Speaker 19: that we do. So you know, we're funded for volume,

847
00:39:07,640 --> 00:39:12,040
Speaker 19: rad and value. So you know that's always at play

848
00:39:12,160 --> 00:39:14,600
Speaker 19: every day in the community. Arm Zy, how we how

849
00:39:14,640 --> 00:39:16,759
Speaker 19: we manage our workloads that we need to go through

850
00:39:16,800 --> 00:39:19,600
Speaker 19: all the script If we don't hit the target, then

851
00:39:19,640 --> 00:39:21,799
Speaker 19: we're making a lost kind of thing, if that makes sense.

852
00:39:22,160 --> 00:39:26,280
Speaker 19: So there's always that pressure and it's definitely unsustainable because

853
00:39:26,320 --> 00:39:29,200
Speaker 19: our uplift hasn't actually kept up with inflation. So for

854
00:39:29,239 --> 00:39:32,160
Speaker 19: the last two decades we're doing the same type of

855
00:39:32,200 --> 00:39:36,000
Speaker 19: work for less. So in order to sort of keep up,

856
00:39:36,400 --> 00:39:38,560
Speaker 19: you know, keep our business vible, we need to dispense

857
00:39:38,600 --> 00:39:42,359
Speaker 19: more prescriptions, so that that is that is not sustainable.

858
00:39:42,440 --> 00:39:44,400
Speaker 19: Put it that way, and we need we need to

859
00:39:44,440 --> 00:39:45,000
Speaker 19: rethink that.

860
00:39:45,560 --> 00:39:47,279
Speaker 3: Lannie, it's good to talk to you. Thank you, Lanny Wong,

861
00:39:47,320 --> 00:39:50,719
Speaker 3: Director of mung A Phi Pharmacy, thirteen past five. Ever

862
00:39:50,920 --> 00:39:53,440
Speaker 3: du for the l Yeah, you can't be mean to

863
00:39:53,480 --> 00:39:55,880
Speaker 3: vary about early on set dementia when you thought that

864
00:39:55,920 --> 00:39:59,200
Speaker 3: the latest quarter ends this week. Bas fair point bas However,

865
00:40:00,239 --> 00:40:01,959
Speaker 3: I blame Nikola Willis because this is what.

866
00:40:01,920 --> 00:40:05,480
Speaker 20: She said, We'll be making an announcementth this quarter, so

867
00:40:06,080 --> 00:40:08,960
Speaker 20: that this quarter ends at the end of August.

868
00:40:09,200 --> 00:40:12,239
Speaker 3: This quarter ends at the end of August. That was

869
00:40:12,280 --> 00:40:15,200
Speaker 3: about the supermarket announcement, by the way she said that.

870
00:40:15,280 --> 00:40:17,360
Speaker 3: Do you know what though, she said that on the

871
00:40:17,360 --> 00:40:20,560
Speaker 3: twenty eighth of July, and I didn't even think about

872
00:40:20,600 --> 00:40:21,840
Speaker 3: it on the day she said it, and I just

873
00:40:21,880 --> 00:40:23,600
Speaker 3: will Yeah, the quarter ends at the end of August.

874
00:40:23,640 --> 00:40:25,239
Speaker 3: Of course it does. Of course it doesn't. But you know,

875
00:40:25,239 --> 00:40:27,440
Speaker 3: I didn't even hear it. And then for the entire

876
00:40:27,480 --> 00:40:29,680
Speaker 3: month we've been waiting that we locked it in and

877
00:40:29,680 --> 00:40:32,120
Speaker 3: we were like, okay, announcements coming at the end of August,

878
00:40:32,160 --> 00:40:34,239
Speaker 3: and for the entire month of August. None of us

879
00:40:34,239 --> 00:40:35,960
Speaker 3: have tweaked to the fact that she got it wrong.

880
00:40:35,960 --> 00:40:38,560
Speaker 3: We've just been sitting here blithely waiting for it so

881
00:40:38,719 --> 00:40:41,960
Speaker 3: until today. So this means I don't know what happens next.

882
00:40:42,320 --> 00:40:44,600
Speaker 3: Do we get the supermarket announcement at the end of

883
00:40:44,600 --> 00:40:47,799
Speaker 3: August like she said, which means this week, or do

884
00:40:47,840 --> 00:40:49,600
Speaker 3: we get it at the end of the quarter, which

885
00:40:49,640 --> 00:40:52,799
Speaker 3: means she's got another five weeks. Anyway, I could go

886
00:40:52,880 --> 00:40:54,839
Speaker 3: either way. I'm going to talk to her. She's in fact,

887
00:40:54,840 --> 00:40:57,680
Speaker 3: she's coming into the studio after six o'clock. We have it.

888
00:40:57,680 --> 00:41:00,440
Speaker 3: It's the first time, I think that Isaura. Is it

889
00:41:00,440 --> 00:41:04,799
Speaker 3: the first time we've ever had a finance minister in studio. Yeah,

890
00:41:04,840 --> 00:41:07,239
Speaker 3: Laura's been here for like five hundred years, and she's

891
00:41:07,280 --> 00:41:10,920
Speaker 3: been here since before Larry, and it's probably the first time.

892
00:41:11,320 --> 00:41:14,360
Speaker 3: So it's a big what's Paul Larry? Since before Larry?

893
00:41:14,960 --> 00:41:17,480
Speaker 3: Was there even a drive show before Larry? So anyway,

894
00:41:17,520 --> 00:41:19,840
Speaker 3: what I'm trying to say is this is completely not

895
00:41:19,920 --> 00:41:22,239
Speaker 3: going to change your experience of listening to Nicolae. But

896
00:41:22,280 --> 00:41:24,279
Speaker 3: for us, we're gonna have to put the lippy on

897
00:41:24,360 --> 00:41:28,040
Speaker 3: this big deal. Fourteen past five They say in Spain

898
00:41:28,120 --> 00:41:30,440
Speaker 3: that the rain falls mainly on the plains. Here in

899
00:41:30,480 --> 00:41:33,080
Speaker 3: New Zealand, though rain just falls everywhere, doesn't it. We've

900
00:41:33,080 --> 00:41:34,960
Speaker 3: got rain on all terrain. So with all that rain,

901
00:41:35,040 --> 00:41:37,239
Speaker 3: you'd want a pretty decent spouting system on your house,

902
00:41:37,280 --> 00:41:40,400
Speaker 3: wouldn't you. Well, For over thirty years, Continuous Group have

903
00:41:40,480 --> 00:41:43,200
Speaker 3: been making spouting and facia and down pipes right here

904
00:41:43,200 --> 00:41:45,719
Speaker 3: in New Zealand, specifically for our conditions. They are the

905
00:41:45,760 --> 00:41:48,879
Speaker 3: original continuous spouting company that brought you the very first

906
00:41:48,920 --> 00:41:52,080
Speaker 3: spouting without all those annoying joints, and man was it popular.

907
00:41:52,480 --> 00:41:55,000
Speaker 3: And thanks to Continuous Group, more than three hundred thousand

908
00:41:55,080 --> 00:41:58,080
Speaker 3: Kiwi homes now find rain way less of a pain.

909
00:41:58,400 --> 00:42:00,840
Speaker 3: If you're building a new home or you're spouting just

910
00:42:00,880 --> 00:42:02,880
Speaker 3: isn't cutting it, I'd suggest you give the good people

911
00:42:03,040 --> 00:42:06,200
Speaker 3: at Continuous Group a shout. They're available nationwide. You can

912
00:42:06,239 --> 00:42:09,719
Speaker 3: find your local continuous spouting specialist at Continuous dot co

913
00:42:09,840 --> 00:42:12,240
Speaker 3: dot in z. Do not let the rain drive you insane.

914
00:42:12,520 --> 00:42:15,400
Speaker 3: Get the original continuous spouting at your home. Contact your

915
00:42:15,440 --> 00:42:19,080
Speaker 3: local Continuous Group at Continuous dot co dot in z.

916
00:42:19,280 --> 00:42:21,719
Speaker 3: That is Continuous dot co dot in z.

917
00:42:22,480 --> 00:42:23,920
Speaker 2: Togeather Duplessy La.

918
00:42:23,840 --> 00:42:25,719
Speaker 3: Eighteen past five. I've got fair bit of good news

919
00:42:25,719 --> 00:42:27,120
Speaker 3: for you. Actually, I'm going to come to some in

920
00:42:27,160 --> 00:42:29,319
Speaker 3: a minute, but first here's some good news. It's all

921
00:42:29,320 --> 00:42:32,280
Speaker 3: on for our international interest in buying great New Zealand businesses.

922
00:42:32,320 --> 00:42:34,920
Speaker 3: At the minute. Picks Peanut Butter is the latest. It

923
00:42:34,960 --> 00:42:37,120
Speaker 3: is now fifty one point three percent owned by a

924
00:42:37,160 --> 00:42:40,120
Speaker 3: Melbourne firm. The business has found a PIC Pecos still

925
00:42:40,120 --> 00:42:45,120
Speaker 3: holds a minority stake and is with us hat PIC. Congratulations,

926
00:42:45,840 --> 00:42:48,759
Speaker 3: Well thank you. Why do you sell the majority though?

927
00:42:48,800 --> 00:42:49,080
Speaker 2: Pick?

928
00:42:50,360 --> 00:42:54,080
Speaker 5: Well, because we needed the money and and so we

929
00:42:54,560 --> 00:42:56,920
Speaker 5: had we had big plans and we were getting sort

930
00:42:56,920 --> 00:43:00,040
Speaker 5: of stuck with sort of bit too much debt, and

931
00:43:00,920 --> 00:43:04,359
Speaker 5: you know, I'm ready to do other things like I'm

932
00:43:04,440 --> 00:43:09,160
Speaker 5: very happy to continue I'm doing I'm doing. I'm doing

933
00:43:09,200 --> 00:43:11,400
Speaker 5: marketing stuff. So I get out and cas bavies and

934
00:43:11,440 --> 00:43:13,360
Speaker 5: go to food shows and meet people which is what

935
00:43:13,400 --> 00:43:15,960
Speaker 5: I like, and force them to eat peanut butter. And

936
00:43:15,960 --> 00:43:17,840
Speaker 5: then I've got this beautiful bit of land out here

937
00:43:17,880 --> 00:43:20,640
Speaker 5: at Manaho where i am tonight and the gorgeous evening,

938
00:43:21,160 --> 00:43:23,640
Speaker 5: and I'm planting trees and looking after a bit of

939
00:43:23,640 --> 00:43:26,000
Speaker 5: wetland and fixing up an old house and doing you know,

940
00:43:26,120 --> 00:43:27,000
Speaker 5: sort of cool stuff.

941
00:43:27,080 --> 00:43:28,000
Speaker 3: Oh that's fantastic.

942
00:43:28,840 --> 00:43:30,520
Speaker 5: Yeah, I'm doing all the good stuff.

943
00:43:30,760 --> 00:43:33,120
Speaker 3: So I mean, if you to sell the majority, though,

944
00:43:33,160 --> 00:43:35,640
Speaker 3: you'd have to have fair confidence that these guys are

945
00:43:35,640 --> 00:43:37,600
Speaker 3: going to keep on going with the good stuff that

946
00:43:37,680 --> 00:43:39,160
Speaker 3: makes your brand your brand.

947
00:43:38,920 --> 00:43:42,759
Speaker 5: Right, absolutely, And I think we've been very lucky and

948
00:43:42,880 --> 00:43:46,399
Speaker 5: coming across Scale though, because they well they started off

949
00:43:46,480 --> 00:43:49,480
Speaker 5: really we started talking to them and we're having sort

950
00:43:49,480 --> 00:43:52,600
Speaker 5: of issues sort of getting hold of our peanuts. So

951
00:43:52,600 --> 00:43:54,360
Speaker 5: so I don't know if you heard, but the Peanut

952
00:43:54,360 --> 00:43:56,440
Speaker 5: Company of Australia, where we used to source all our

953
00:43:56,480 --> 00:44:02,360
Speaker 5: peanuts from, was sold to a competitive bigger in Australia.

954
00:44:02,440 --> 00:44:06,480
Speaker 5: And then the volumes of nuts kept dropping as the

955
00:44:06,560 --> 00:44:10,879
Speaker 5: land started drying out. And then about six weeks ago

956
00:44:11,080 --> 00:44:15,359
Speaker 5: the Peanut Company of Australia folded and they have been

957
00:44:15,360 --> 00:44:18,000
Speaker 5: going for one hundred and twenty odd years and so

958
00:44:18,120 --> 00:44:21,880
Speaker 5: it suddenly closed and there's you know, all the people

959
00:44:21,920 --> 00:44:29,000
Speaker 5: in Kingroy, they're all all unemployed and looking for something

960
00:44:29,000 --> 00:44:31,120
Speaker 5: else to do. So we've been really lucky. You've got

961
00:44:31,160 --> 00:44:34,239
Speaker 5: really good timing because Scales they've got such very cool

962
00:44:34,320 --> 00:44:38,200
Speaker 5: international relationships so they are very big peanut buyer, and

963
00:44:38,239 --> 00:44:41,319
Speaker 5: so they can get really good deals on the top

964
00:44:41,400 --> 00:44:45,279
Speaker 5: quality peanuts, which is what we love. And it's been

965
00:44:45,320 --> 00:44:48,240
Speaker 5: really it's been really useful. And they've also they've also

966
00:44:48,320 --> 00:44:51,800
Speaker 5: brought with them a heap of skills, the technical skills

967
00:44:51,840 --> 00:44:55,759
Speaker 5: and management's abilities. Are just good, good people. They've been

968
00:44:55,800 --> 00:44:57,640
Speaker 5: around for a long time and most of their staff

969
00:44:57,680 --> 00:45:00,640
Speaker 5: have been there for fifteen twenty years. It's fantastic.

970
00:45:00,840 --> 00:45:02,640
Speaker 3: Oh that's brilliant. And listen, I'm stoked that you're going

971
00:45:02,680 --> 00:45:04,560
Speaker 3: to have a good time planting your trees. Enjoy that.

972
00:45:04,640 --> 00:45:06,200
Speaker 3: I can't imagine how much fun that is. I'd love

973
00:45:06,200 --> 00:45:08,440
Speaker 3: to be able to do it. Let's pick Peeko, the

974
00:45:08,760 --> 00:45:12,160
Speaker 3: chief executive of Picks Peanut Butter. Here the Where is Larry,

975
00:45:12,200 --> 00:45:15,200
Speaker 3: by the way? Is he happy and healthy? Yes? Very much,

976
00:45:15,560 --> 00:45:20,440
Speaker 3: very much so. Larry is floating around the place playing

977
00:45:20,520 --> 00:45:23,920
Speaker 3: the golf. Nicky is playing the golf with him. I

978
00:45:23,920 --> 00:45:25,880
Speaker 3: don't know it. Does Nicki enjoy the golf as well?

979
00:45:25,920 --> 00:45:27,759
Speaker 3: I don't think Nicki enjoys the golf as much as

980
00:45:27,840 --> 00:45:30,800
Speaker 3: Larry enjoys the golf, because you know, she finds herself

981
00:45:30,840 --> 00:45:33,600
Speaker 3: in a very similar relationship to me, which is when

982
00:45:33,640 --> 00:45:37,600
Speaker 3: you play your golf partner is prone to outbursts of anger.

983
00:45:38,280 --> 00:45:39,719
Speaker 3: I don't think this. I don't think this will take

984
00:45:39,719 --> 00:45:43,560
Speaker 3: you by surprise about laz get get a little crotchety

985
00:45:43,960 --> 00:45:45,560
Speaker 3: at his skills, do you know what I mean? And

986
00:45:45,560 --> 00:45:48,600
Speaker 3: so for NICKI, it's an emotional management. It's eighteen holes

987
00:45:48,600 --> 00:45:51,839
Speaker 3: of emotional management, isn't it. But anyway, they are very well.

988
00:45:51,880 --> 00:45:53,520
Speaker 3: The pair of them came to say the last time

989
00:45:53,560 --> 00:45:55,719
Speaker 3: I saw them was actually, I reckon. Baby must have

990
00:45:55,760 --> 00:45:59,880
Speaker 3: been about maybe two months, maybe two and a half months.

991
00:46:00,239 --> 00:46:03,600
Speaker 3: They came by and yeah, mid breastfeeding. You know how

992
00:46:03,640 --> 00:46:06,480
Speaker 3: it is mid breastfeeding when you sometimes when you when

993
00:46:06,520 --> 00:46:08,600
Speaker 3: you're breastfeeding in the summer, you just walk around without

994
00:46:08,640 --> 00:46:10,799
Speaker 3: a top on, and I do. I was doing that

995
00:46:10,880 --> 00:46:14,320
Speaker 3: a lot, just shorts, shorts and and birkenstocks and a

996
00:46:14,360 --> 00:46:17,080
Speaker 3: crop top like a little gym thing. I don't think

997
00:46:17,120 --> 00:46:19,560
Speaker 3: that Larry was expecting that. Let's just say that was

998
00:46:19,560 --> 00:46:21,359
Speaker 3: a shock to him. But we are friends like that,

999
00:46:21,440 --> 00:46:23,879
Speaker 3: so he's got over it. So I'm glad you asked

1000
00:46:23,880 --> 00:46:26,640
Speaker 3: that question. Five two, cutting.

1001
00:46:26,360 --> 00:46:28,080
Speaker 2: Through the noise to get the facts.

1002
00:46:28,280 --> 00:46:31,720
Speaker 1: It's Heather do for Clan Drive with one New Zealand

1003
00:46:31,880 --> 00:46:34,640
Speaker 1: coverage like no one else news talks, they'd.

1004
00:46:34,560 --> 00:46:37,040
Speaker 3: Be five twenty five. I tell you what I found

1005
00:46:37,080 --> 00:46:39,400
Speaker 3: interesting in the last few days is the enormous surprise

1006
00:46:39,480 --> 00:46:42,279
Speaker 3: at the start now the debate about Chris Bishop saying

1007
00:46:42,280 --> 00:46:44,120
Speaker 3: it's a good thing that house prices are falling. He

1008
00:46:44,160 --> 00:46:47,080
Speaker 3: was asked about this on Friday and he said, yes,

1009
00:46:47,280 --> 00:46:49,440
Speaker 3: it's a good thing. We have got to decouple the

1010
00:46:49,480 --> 00:46:52,400
Speaker 3: idea that the New Zealand economy is driven by house prices,

1011
00:46:52,600 --> 00:46:56,680
Speaker 3: it's artificial wealth. The immediate response to that was shock

1012
00:46:57,200 --> 00:46:59,960
Speaker 3: that anyone could say it, but especially a national part

1013
00:47:00,080 --> 00:47:03,760
Speaker 3: Arty minister. And now three days later there are still

1014
00:47:04,120 --> 00:47:07,239
Speaker 3: newspaper pieces expressing surprise that he's got away with it.

1015
00:47:08,120 --> 00:47:11,480
Speaker 3: And in contrast, for example Mattia Tude who didn't got

1016
00:47:11,520 --> 00:47:13,360
Speaker 3: smacked down for it, and just and Ardoun who wouldn't

1017
00:47:13,360 --> 00:47:16,200
Speaker 3: go there. And what's more, the surprises that the Prime

1018
00:47:16,239 --> 00:47:18,640
Speaker 3: Minister has now apparently contradicted him and said no, he

1019
00:47:18,680 --> 00:47:21,759
Speaker 3: does want some modest and consistent house price rises. Look,

1020
00:47:22,160 --> 00:47:25,080
Speaker 3: christ Biship has got away with it because he's right.

1021
00:47:25,200 --> 00:47:26,920
Speaker 3: It is actually a good thing that house prices have

1022
00:47:27,000 --> 00:47:29,560
Speaker 3: come back. It sucks. It sucks right now, quite badly,

1023
00:47:29,600 --> 00:47:32,040
Speaker 3: doesn't it, because none of us feel wealthy as our

1024
00:47:32,080 --> 00:47:34,880
Speaker 3: house prices drop away, And it is definitely prolonging the

1025
00:47:34,920 --> 00:47:37,279
Speaker 3: recession because we're not spending like we normally would when

1026
00:47:37,280 --> 00:47:39,640
Speaker 3: our house price values increase, which make us feel wealthy.

1027
00:47:39,880 --> 00:47:42,560
Speaker 3: But it is the short term medicine that this economy

1028
00:47:42,640 --> 00:47:45,919
Speaker 3: needs for improvement, because we cannot keep plowing our money

1029
00:47:45,960 --> 00:47:49,120
Speaker 3: into property. We should be putting it into productive investments like,

1030
00:47:49,160 --> 00:47:52,200
Speaker 3: for example, buying shares and picks or whatever. Now I

1031
00:47:52,239 --> 00:47:54,880
Speaker 3: know people who are actually changing their behavior because of

1032
00:47:54,920 --> 00:47:56,640
Speaker 3: what is going on with house prices. I know a

1033
00:47:56,680 --> 00:47:59,840
Speaker 3: woman early forties thought about buying an investment property, but

1034
00:48:00,360 --> 00:48:02,879
Speaker 3: will put her money into shares instead because it's much

1035
00:48:02,880 --> 00:48:03,600
Speaker 3: of a muchness.

1036
00:48:03,600 --> 00:48:03,839
Speaker 6: Now.

1037
00:48:04,160 --> 00:48:06,359
Speaker 3: To answer the question of why Chris Bishop can get

1038
00:48:06,400 --> 00:48:08,920
Speaker 3: away with it when mattedia two day got punished for

1039
00:48:08,960 --> 00:48:11,000
Speaker 3: it and when Jasinda Ardurn wouldn't even go there for

1040
00:48:11,000 --> 00:48:14,400
Speaker 3: fear of public backlash, is because it is already happening.

1041
00:48:14,840 --> 00:48:17,040
Speaker 3: He's not threatening to do it to us like those

1042
00:48:17,040 --> 00:48:19,800
Speaker 3: two birds might have. It is already happening to us.

1043
00:48:19,600 --> 00:48:21,680
Speaker 3: He's actually said it before, by the way, so he

1044
00:48:21,760 --> 00:48:25,160
Speaker 3: is consistent and maybe just maybe enough of us have

1045
00:48:25,200 --> 00:48:27,200
Speaker 3: already realized that this is the pain we have to

1046
00:48:27,239 --> 00:48:29,319
Speaker 3: go through, as much as we hate it right now,

1047
00:48:29,480 --> 00:48:32,040
Speaker 3: for the sake of future generations. And also, by the way,

1048
00:48:32,480 --> 00:48:34,520
Speaker 3: I like the fact that he said something that he

1049
00:48:34,560 --> 00:48:37,399
Speaker 3: truly believes in rather than saying something that he might

1050
00:48:37,440 --> 00:48:40,040
Speaker 3: have thought. We all want to hear together do for

1051
00:48:40,160 --> 00:48:42,680
Speaker 3: Sea Ellen. We're going to talk to the huddle about that.

1052
00:48:42,719 --> 00:48:45,319
Speaker 3: Also going to talk to the huddle and actually Chris

1053
00:48:45,360 --> 00:48:49,040
Speaker 3: Carhill Police Association next about whether our new cops really

1054
00:48:49,080 --> 00:48:51,360
Speaker 3: are as bad as the survey suggests. I'm going to

1055
00:48:51,440 --> 00:48:53,640
Speaker 3: put this to you. I'm going to ask him this question, right,

1056
00:48:54,320 --> 00:48:57,399
Speaker 3: is this not just another case of you know, if

1057
00:48:57,440 --> 00:49:00,520
Speaker 3: you surveyed any business out there or any sat out there,

1058
00:49:00,520 --> 00:49:02,719
Speaker 3: wouldn't we all complain about the new ones coming through?

1059
00:49:02,719 --> 00:49:07,080
Speaker 3: Our new journalists suck. Oh, new police suck. Well, the

1060
00:49:07,160 --> 00:49:09,759
Speaker 3: new waiters suck. Wouldn't we all say that? And isn't

1061
00:49:09,800 --> 00:49:12,080
Speaker 3: that just what's happening? Anyway? We'll ask them about that shortly.

1062
00:49:12,120 --> 00:49:21,640
Speaker 21: Headlines now, hard questions, strong opinion, Hither Dupsy Ellen Drive

1063
00:49:21,960 --> 00:49:25,120
Speaker 21: with One New Zealand tand the power of satellite Mobile

1064
00:49:25,360 --> 00:49:26,319
Speaker 21: news dogsa'd be.

1065
00:49:33,600 --> 00:49:33,799
Speaker 2: Hither.

1066
00:49:33,960 --> 00:49:36,120
Speaker 3: I'm starting to worry about Chris Bishop. Wanting to move

1067
00:49:36,160 --> 00:49:38,520
Speaker 3: downtown Auckland to Kingsland is one thing, but wanting house

1068
00:49:38,560 --> 00:49:40,880
Speaker 3: prices to depreciate. I think he's got one more strike

1069
00:49:41,000 --> 00:49:44,640
Speaker 3: left interesting, Paul. I don't feel like he's used up

1070
00:49:44,640 --> 00:49:46,600
Speaker 3: a strike at all. Quite the opposite. I feel like

1071
00:49:46,640 --> 00:49:49,640
Speaker 3: it's lovely to see somebody speak with conviction about something

1072
00:49:49,680 --> 00:49:52,520
Speaker 3: they actually believe in, even if I don't love it anyway.

1073
00:49:52,600 --> 00:49:54,360
Speaker 3: The huddle will give us their take on it shortly

1074
00:49:54,360 --> 00:49:56,280
Speaker 3: and we'll speak to Nickolouillis, the Finance min of Staff

1075
00:49:56,280 --> 00:49:58,120
Speaker 3: to six about it as well as twenty four away

1076
00:49:58,120 --> 00:50:01,360
Speaker 3: from six Now. A survey of senior police officers shows

1077
00:50:01,360 --> 00:50:03,480
Speaker 3: there's concern that the cops coming out of police college

1078
00:50:03,480 --> 00:50:05,960
Speaker 3: aren't up to the job. This is the survey of

1079
00:50:06,040 --> 00:50:09,640
Speaker 3: training officers found fifty five percent feel that new cops

1080
00:50:09,680 --> 00:50:12,280
Speaker 3: were barely or not at all well equipped with knowledge

1081
00:50:12,280 --> 00:50:15,600
Speaker 3: of arrest and charge procedures. Chris Carhill is the president

1082
00:50:15,640 --> 00:50:17,480
Speaker 3: of the Police Association and with us right now.

1083
00:50:17,520 --> 00:50:19,920
Speaker 5: Hey, Chris, good afternoon.

1084
00:50:19,960 --> 00:50:22,120
Speaker 3: Either have they got something to complain about here or

1085
00:50:22,200 --> 00:50:24,960
Speaker 3: is it just experienced people complaining about the youngies. Like

1086
00:50:25,080 --> 00:50:27,480
Speaker 3: in every sector, there's a.

1087
00:50:27,400 --> 00:50:28,040
Speaker 5: Little bit of that.

1088
00:50:28,080 --> 00:50:30,000
Speaker 6: Look, there's some good stuff there that give you.

1089
00:50:30,239 --> 00:50:32,000
Speaker 5: The steer at the college where they need to put

1090
00:50:32,040 --> 00:50:34,600
Speaker 5: some more time. But I think we've always said over

1091
00:50:34,640 --> 00:50:36,600
Speaker 5: the years that the group after is aren't as good

1092
00:50:36,640 --> 00:50:38,520
Speaker 5: as we were in as an element of that in

1093
00:50:38,680 --> 00:50:41,520
Speaker 5: there there's some quite good stuff here. I was pleased

1094
00:50:41,560 --> 00:50:44,680
Speaker 5: to see that the stuff where I'm driving, in tactical options,

1095
00:50:44,719 --> 00:50:47,719
Speaker 5: firearms generally they thought the guys were doing recruits were

1096
00:50:47,719 --> 00:50:50,919
Speaker 5: doing really well in those areas. But it certainly gives

1097
00:50:50,920 --> 00:50:53,080
Speaker 5: a steer where they need to put more resources in

1098
00:50:53,120 --> 00:50:53,760
Speaker 5: at the college.

1099
00:50:54,040 --> 00:50:56,279
Speaker 3: Not so good at the paperwork. Now, is that just

1100
00:50:56,320 --> 00:50:59,239
Speaker 3: because no one's good at paperwork when they're young, or

1101
00:50:59,320 --> 00:51:01,640
Speaker 3: is it because young people are coming out of school

1102
00:51:01,719 --> 00:51:03,600
Speaker 3: not very good at doing the reading and writing? What

1103
00:51:03,600 --> 00:51:04,080
Speaker 3: do you reckon?

1104
00:51:04,840 --> 00:51:06,239
Speaker 5: Well, I think it's a little bit that. I think

1105
00:51:06,280 --> 00:51:08,879
Speaker 5: also it's an area that college needs to put more

1106
00:51:08,920 --> 00:51:10,560
Speaker 5: time until we do know. We get a lot of

1107
00:51:10,600 --> 00:51:14,280
Speaker 5: reports that they're not good at taking statements, chain of evidence,

1108
00:51:14,360 --> 00:51:17,160
Speaker 5: preparation of stuff for really important. Not mess through the

1109
00:51:17,200 --> 00:51:19,600
Speaker 5: sexy stuff, but the stuff that will catch you out

1110
00:51:19,640 --> 00:51:21,640
Speaker 5: when you're out on the street and you start suddenly

1111
00:51:21,680 --> 00:51:24,920
Speaker 5: going to court and putting files together. So it is

1112
00:51:24,960 --> 00:51:26,919
Speaker 5: also stuff you sort of have to learn as well

1113
00:51:26,960 --> 00:51:29,200
Speaker 5: as you do, but certainly an area to put more

1114
00:51:29,239 --> 00:51:30,000
Speaker 5: resources into.

1115
00:51:30,040 --> 00:51:32,239
Speaker 3: I think, yeah, hey, thank you very much. Chris appreciated

1116
00:51:32,280 --> 00:51:35,280
Speaker 3: Chris Carhill Police Association. It's twenty three away from six.

1117
00:51:35,800 --> 00:51:39,399
Speaker 1: The huddle with New Zealand Southeby's International Realty. Find your

1118
00:51:39,760 --> 00:51:40,160
Speaker 1: one of a.

1119
00:51:40,239 --> 00:51:43,839
Speaker 3: Kind huddle with me this evening. Chosey PEGANI if Child

1120
00:51:43,880 --> 00:51:46,560
Speaker 3: Fan CEO there in Tim Wilson of Maximums to shoot,

1121
00:51:46,600 --> 00:51:47,239
Speaker 3: Hello you two?

1122
00:51:48,000 --> 00:51:48,960
Speaker 22: Hello, how are you going?

1123
00:51:49,520 --> 00:51:51,040
Speaker 3: What happened to you? Just syn Jos?

1124
00:51:51,040 --> 00:51:51,400
Speaker 5: I don't know.

1125
00:51:51,440 --> 00:51:53,640
Speaker 23: I was just vaguing out, thinking, oh, nice to do

1126
00:51:54,080 --> 00:51:55,560
Speaker 23: Timmy and I forgot to say hello.

1127
00:51:55,719 --> 00:51:58,880
Speaker 3: I just watched that happen. I watch. You were looking

1128
00:51:58,920 --> 00:52:00,880
Speaker 3: at me when I started saying your name. When I

1129
00:52:00,880 --> 00:52:03,480
Speaker 3: said Tim's name, you looked away and it was like, Yeah,

1130
00:52:03,600 --> 00:52:03,960
Speaker 3: what I.

1131
00:52:03,960 --> 00:52:05,920
Speaker 23: Was thinking is that you're going to go Joseph, you

1132
00:52:05,960 --> 00:52:09,399
Speaker 23: got Child Fund CEO of Child Fund, Tim Wilson, CEO

1133
00:52:09,440 --> 00:52:11,920
Speaker 23: of Maximums to It's like who would have guessed that

1134
00:52:11,960 --> 00:52:16,040
Speaker 23: Tim and I would be CEOs?

1135
00:52:16,600 --> 00:52:19,520
Speaker 3: That's actually what was happening in my mind. But yeah, Tim,

1136
00:52:19,560 --> 00:52:22,040
Speaker 3: I reckon, I reckon, it's just that the old cops

1137
00:52:22,040 --> 00:52:24,759
Speaker 3: complaining about the young cops because, as as Chris said,

1138
00:52:24,800 --> 00:52:25,920
Speaker 3: nobody's as good as us.

1139
00:52:27,280 --> 00:52:29,279
Speaker 22: Well, well, now that you're fully here that you know

1140
00:52:29,360 --> 00:52:32,440
Speaker 22: it's an eternal truism that all young people are supposed

1141
00:52:32,440 --> 00:52:34,760
Speaker 22: to be useless, and this just confirms.

1142
00:52:34,320 --> 00:52:35,240
Speaker 3: That we've got the data.

1143
00:52:35,280 --> 00:52:35,480
Speaker 2: Now.

1144
00:52:36,680 --> 00:52:39,239
Speaker 22: Look, thought I thought it was the was interest. I

1145
00:52:39,320 --> 00:52:42,439
Speaker 22: mean Mark Mitchell saying, okay, as I boosted up from

1146
00:52:42,480 --> 00:52:45,600
Speaker 22: sixteen to twenty weeks, Chris carl Is saying thirty weeks

1147
00:52:46,000 --> 00:52:48,680
Speaker 22: compared to say, with Australia's twenty eight as.

1148
00:52:48,640 --> 00:52:49,400
Speaker 2: A police college.

1149
00:52:49,440 --> 00:52:52,239
Speaker 22: But my question is does more equal better? So I

1150
00:52:52,320 --> 00:52:54,919
Speaker 22: get the point about maybe digging into a few more

1151
00:52:55,239 --> 00:52:58,000
Speaker 22: arrest and charging procedures. But like him, I do like

1152
00:52:58,040 --> 00:53:01,359
Speaker 22: the fact that firearms, technical, road stuff or pretty good.

1153
00:53:01,920 --> 00:53:04,480
Speaker 23: What do you think, Jersey, it's interesting. I do think

1154
00:53:04,680 --> 00:53:07,040
Speaker 23: that the training needs to be longer. I think more

1155
00:53:07,120 --> 00:53:09,680
Speaker 23: is probably better to when you think about it, it

1156
00:53:09,719 --> 00:53:12,880
Speaker 23: takes three years to do a degree in gender studies

1157
00:53:13,120 --> 00:53:13,880
Speaker 23: in twenty weeks.

1158
00:53:13,920 --> 00:53:17,520
Speaker 3: To you, I mean, you're firing around and getting drunk

1159
00:53:17,560 --> 00:53:20,480
Speaker 3: every night and stolen during the day. So one thing

1160
00:53:20,520 --> 00:53:23,080
Speaker 3: that takes three years, one thing I did oh at university. Yeah,

1161
00:53:23,160 --> 00:53:25,920
Speaker 3: not police college. And they just efficient right because I

1162
00:53:26,239 --> 00:53:26,560
Speaker 3: know a.

1163
00:53:26,520 --> 00:53:29,239
Speaker 23: Young guy who's I've known since he was six years old.

1164
00:53:29,239 --> 00:53:32,239
Speaker 23: He's just joined the police. He's fit, he's smart. So

1165
00:53:32,280 --> 00:53:35,560
Speaker 23: I'm thinking, if you can't train someone like him properly

1166
00:53:35,640 --> 00:53:37,359
Speaker 23: and they're not doing reports and some one there's something

1167
00:53:37,360 --> 00:53:39,560
Speaker 23: wrong with the training. Maybe. But the other thing I

1168
00:53:39,600 --> 00:53:41,680
Speaker 23: thought about because it turns out they're really good at

1169
00:53:41,800 --> 00:53:45,400
Speaker 23: shooting guns and tasers, but they're not very fat and

1170
00:53:45,440 --> 00:53:48,919
Speaker 23: they're whatever according to the surveys. So I recoonis it's

1171
00:53:48,920 --> 00:53:51,440
Speaker 23: a generation. It's just sat on the couch eating chips,

1172
00:53:51,480 --> 00:53:55,480
Speaker 23: playing video game, shooting zombies and which is where?

1173
00:53:55,960 --> 00:53:57,320
Speaker 22: Which is where we started?

1174
00:53:57,560 --> 00:53:57,960
Speaker 24: Actually?

1175
00:53:57,960 --> 00:54:01,360
Speaker 22: But that to that point though, I reckon. Okay, so

1176
00:54:01,400 --> 00:54:03,000
Speaker 22: at the end of police college yet get it. I

1177
00:54:03,080 --> 00:54:04,840
Speaker 22: want to know what they're like after two years with

1178
00:54:04,960 --> 00:54:07,400
Speaker 22: a senior staff member being with them. I'd like to

1179
00:54:07,440 --> 00:54:09,480
Speaker 22: hear the feedback on that because that's where that's where

1180
00:54:09,520 --> 00:54:10,680
Speaker 22: the real learning probably happens.

1181
00:54:11,280 --> 00:54:18,240
Speaker 3: They're not fat, they've got the desk job. It's fine

1182
00:54:18,719 --> 00:54:20,840
Speaker 3: cruising around in the car. You get quite fat doing that.

1183
00:54:21,640 --> 00:54:24,000
Speaker 3: What do you think, Josie about Chris Bishop saying he

1184
00:54:24,000 --> 00:54:27,480
Speaker 3: wants the house prices to fall, I think good on them.

1185
00:54:27,520 --> 00:54:30,719
Speaker 3: This is a politician. May be fair to him say

1186
00:54:30,760 --> 00:54:32,400
Speaker 3: he wants them to fall. He said the fact that

1187
00:54:32,440 --> 00:54:34,960
Speaker 3: they are falling is a good thing.

1188
00:54:34,800 --> 00:54:37,040
Speaker 23: Because what he's saying, and this is and he's a

1189
00:54:37,080 --> 00:54:39,279
Speaker 23: politician with your right or left, who knows why he's

1190
00:54:39,320 --> 00:54:41,840
Speaker 23: in politics. Total is on a mission right now. So

1191
00:54:41,920 --> 00:54:46,360
Speaker 23: he's not afraid to offend some people by making a choice.

1192
00:54:46,360 --> 00:54:48,359
Speaker 23: And the choice he's making is that rather than house

1193
00:54:48,400 --> 00:54:50,120
Speaker 23: prices going up and up and up in a bubble,

1194
00:54:50,120 --> 00:54:52,840
Speaker 23: which I love because I'm a house owner, he's saying,

1195
00:54:53,000 --> 00:54:54,840
Speaker 23: I want the money not to go to houses. I

1196
00:54:54,840 --> 00:54:56,600
Speaker 23: want it to go to the productive sector. I want

1197
00:54:56,600 --> 00:54:59,400
Speaker 23: it to invest in businesses. So I actually take my

1198
00:54:59,440 --> 00:55:02,680
Speaker 23: hat off to any politician who is prepared to say

1199
00:55:02,719 --> 00:55:04,759
Speaker 23: what they will do and what they won't do. And

1200
00:55:04,800 --> 00:55:07,080
Speaker 23: if you think of labor in the last government, they

1201
00:55:08,120 --> 00:55:11,760
Speaker 23: could not choose between what the problem in housing was

1202
00:55:11,200 --> 00:55:14,600
Speaker 23: was was it supply of social housing or was it affordability.

1203
00:55:14,840 --> 00:55:17,960
Speaker 23: Those are two completely different problems and you're never going

1204
00:55:18,000 --> 00:55:20,200
Speaker 23: to solve one of them if you don't make a choice.

1205
00:55:20,480 --> 00:55:21,320
Speaker 3: I totally agree.

1206
00:55:21,360 --> 00:55:23,920
Speaker 22: What do you think, Tim, Yeah, well you look at

1207
00:55:23,920 --> 00:55:27,640
Speaker 22: what is Auckland's multiple today is seven point six times

1208
00:55:27,640 --> 00:55:32,239
Speaker 22: medium wage to buy a median house. There's just out

1209
00:55:32,239 --> 00:55:34,279
Speaker 22: of reach for so many people. Imagine three or four

1210
00:55:34,320 --> 00:55:37,799
Speaker 22: times annual income, which is what it's like in the States. Now,

1211
00:55:37,880 --> 00:55:40,880
Speaker 22: I just don't. I will warn you all never google

1212
00:55:41,560 --> 00:55:47,400
Speaker 22: suburban Chicago. Four bedrooms, four bathrooms, twelve hundred square meters

1213
00:55:47,480 --> 00:55:50,440
Speaker 22: and it's one point two million New Zealand. It's basically

1214
00:55:50,520 --> 00:55:51,440
Speaker 22: a country estate.

1215
00:55:51,480 --> 00:55:54,440
Speaker 23: And why yeah, yeah, I'm never going to google that, Tim,

1216
00:55:54,800 --> 00:55:55,800
Speaker 23: that's weird Google.

1217
00:55:56,120 --> 00:55:57,279
Speaker 25: Yeah, why what?

1218
00:55:57,280 --> 00:55:59,600
Speaker 22: It was going to make you drop because we compare

1219
00:56:00,080 --> 00:56:02,160
Speaker 22: hearing that too, you know, three or four times median

1220
00:56:02,239 --> 00:56:04,640
Speaker 22: income as opposed to seven point six times, which is

1221
00:56:04,680 --> 00:56:07,120
Speaker 22: what it is an Auckland. So that's the comparison.

1222
00:56:07,280 --> 00:56:11,240
Speaker 23: Really brave about this here is that you know, every

1223
00:56:11,280 --> 00:56:13,360
Speaker 23: other government, if you think about the John Key government,

1224
00:56:13,440 --> 00:56:16,120
Speaker 23: they were really clear to say, oh no, no, there's

1225
00:56:16,120 --> 00:56:18,080
Speaker 23: a wealth effect here. We know we don't all lose

1226
00:56:18,080 --> 00:56:20,240
Speaker 23: that support. We're not going to say that house prices

1227
00:56:20,239 --> 00:56:22,759
Speaker 23: have to go down. So he's actually he's taking a risk.

1228
00:56:22,880 --> 00:56:26,120
Speaker 23: But actually, you know, voters respect it when you when

1229
00:56:26,160 --> 00:56:27,120
Speaker 23: you say, hey, this is.

1230
00:56:27,080 --> 00:56:30,160
Speaker 3: A huge sense. Yeah. I mean, listen, we have spent

1231
00:56:30,200 --> 00:56:33,279
Speaker 3: our entire lives reading body language, right, so we can

1232
00:56:33,360 --> 00:56:36,319
Speaker 3: sense when somebody is dicking around and just trying to

1233
00:56:36,320 --> 00:56:38,000
Speaker 3: say the thing that they think that we want to hear,

1234
00:56:38,120 --> 00:56:41,600
Speaker 3: whereas as opposed to saying at the conviction, which he does. Josie,

1235
00:56:41,600 --> 00:56:44,640
Speaker 3: do you think for that reason, if something was to

1236
00:56:44,640 --> 00:56:47,120
Speaker 3: happen in luxe and fell under a bus, that actually

1237
00:56:47,120 --> 00:56:48,480
Speaker 3: he would be the guy that takes over.

1238
00:56:49,160 --> 00:56:51,640
Speaker 23: I think he'd be a definite contender. Yeah, he's got

1239
00:56:51,640 --> 00:56:52,520
Speaker 23: that kind.

1240
00:56:52,280 --> 00:56:56,120
Speaker 3: Of who else he's the guy? Well, and Erica Stamford

1241
00:56:56,160 --> 00:56:58,600
Speaker 3: is the other po No, not well liked to Looboucus unfortunately.

1242
00:56:58,680 --> 00:56:58,759
Speaker 25: No.

1243
00:56:58,840 --> 00:57:01,320
Speaker 23: But when's that ever been a reason not to succeed.

1244
00:57:03,640 --> 00:57:06,760
Speaker 24: It's just counting popularity, contest threatened people.

1245
00:57:06,920 --> 00:57:08,719
Speaker 23: That's right to him, it's not And I think that's

1246
00:57:08,760 --> 00:57:11,480
Speaker 23: the thing again, coming back to Chris Bishop. Yes, of

1247
00:57:11,480 --> 00:57:14,000
Speaker 23: course you're in politics to win elections. That doesn't mean

1248
00:57:14,040 --> 00:57:15,759
Speaker 23: you're in politics to be popular or.

1249
00:57:15,840 --> 00:57:18,480
Speaker 3: Light Yet totally, what do you think to him? Might

1250
00:57:18,480 --> 00:57:19,640
Speaker 3: he be? Might he be the guy.

1251
00:57:20,960 --> 00:57:24,640
Speaker 22: Well, look, I think you've you've nailed something here which

1252
00:57:24,680 --> 00:57:26,960
Speaker 22: is saying what you actually think. And we need we

1253
00:57:27,000 --> 00:57:29,200
Speaker 22: need more of our politicians to do more of that,

1254
00:57:29,320 --> 00:57:32,080
Speaker 22: I think. And that's that's across across the political spectrum,

1255
00:57:32,360 --> 00:57:35,760
Speaker 22: not cow tewing to oh, here's what you know, here's

1256
00:57:35,800 --> 00:57:38,160
Speaker 22: here's what the party line is. No, here's what I

1257
00:57:38,200 --> 00:57:39,320
Speaker 22: think is actually true.

1258
00:57:40,680 --> 00:57:41,360
Speaker 23: Give us a name.

1259
00:57:42,160 --> 00:57:44,440
Speaker 3: You're dodging. My question takes over from luxam.

1260
00:57:45,080 --> 00:57:48,080
Speaker 22: If who takes a well, well, oh I don't know them,

1261
00:57:48,080 --> 00:57:48,520
Speaker 22: sort of out.

1262
00:57:48,560 --> 00:57:49,080
Speaker 2: It could be.

1263
00:57:51,040 --> 00:57:53,280
Speaker 22: Quite quite like your Christine for too, because she's saying,

1264
00:57:53,480 --> 00:57:56,600
Speaker 22: you know, she's she's doing great stuff in education. How

1265
00:57:56,600 --> 00:57:59,560
Speaker 22: about a horse race, Stanford versus Besh, go for your life?

1266
00:57:59,680 --> 00:58:02,120
Speaker 3: Anything about Erica? But I know that Bush has got

1267
00:58:02,480 --> 00:58:05,560
Speaker 3: two children and a wife, and a fluffy dog and

1268
00:58:05,600 --> 00:58:06,840
Speaker 3: a cat I've never seen.

1269
00:58:07,000 --> 00:58:08,680
Speaker 23: And a mullet which he's now got rid of it.

1270
00:58:08,720 --> 00:58:09,200
Speaker 3: Yeah, well, and.

1271
00:58:09,600 --> 00:58:10,960
Speaker 22: Actually you know you know who I'm going to go

1272
00:58:11,040 --> 00:58:13,320
Speaker 22: for Sime and Brown. Four kids, Now, that's what I'm

1273
00:58:13,320 --> 00:58:13,960
Speaker 22: talking about.

1274
00:58:14,040 --> 00:58:15,880
Speaker 3: That's just because it matches your life. Okay, hang on

1275
00:58:15,880 --> 00:58:17,520
Speaker 3: a tech, we'll take a break, come back to you guys,

1276
00:58:17,600 --> 00:58:20,760
Speaker 3: and just to take sixteen away from six the.

1277
00:58:20,760 --> 00:58:24,800
Speaker 1: Huddle with New Zealand Southeby's International Realty, the global leader

1278
00:58:24,960 --> 00:58:26,200
Speaker 1: in luxury real estate.

1279
00:58:26,360 --> 00:58:28,560
Speaker 3: You're back with the Huddle, Joseph A. Gunny and Tim Wilson. Tim,

1280
00:58:28,600 --> 00:58:31,160
Speaker 3: have you got any concerns about the Reserve Bank independence

1281
00:58:31,520 --> 00:58:32,560
Speaker 3: from the current crop?

1282
00:58:33,600 --> 00:58:33,800
Speaker 16: Oh?

1283
00:58:33,840 --> 00:58:35,760
Speaker 22: Look, I think it's obviously it's something that has to

1284
00:58:35,760 --> 00:58:39,760
Speaker 22: be preserved. But I'm not particularly concerned about the Well,

1285
00:58:39,800 --> 00:58:41,800
Speaker 22: I probably shouldn't have said that today, But then again,

1286
00:58:42,000 --> 00:58:45,000
Speaker 22: if you look at the Reserve Bank's behavior, they're not

1287
00:58:45,080 --> 00:58:48,840
Speaker 22: particularly compliant. They're clearly not doing what the government's saying.

1288
00:58:49,720 --> 00:58:52,479
Speaker 22: And so you compare that with Adrian or who fire

1289
00:58:52,480 --> 00:58:55,560
Speaker 22: host the Economy and was compliant. I think we've got

1290
00:58:55,600 --> 00:58:58,040
Speaker 22: what you might call a productive disharmony here.

1291
00:58:59,640 --> 00:59:02,120
Speaker 3: I am not too worried about it, Josie, because I

1292
00:59:02,120 --> 00:59:04,840
Speaker 3: think the Reserve Bank has been so wrong for such

1293
00:59:04,880 --> 00:59:07,680
Speaker 3: a long time that that and it's a terrible thing

1294
00:59:07,720 --> 00:59:10,919
Speaker 3: to say that. I'm almost fine with them losing their independence. Yeah,

1295
00:59:11,000 --> 00:59:11,960
Speaker 3: very bad, very bad.

1296
00:59:12,160 --> 00:59:14,880
Speaker 23: That's very bad, Naught, Quel, because I think what Claire

1297
00:59:14,880 --> 00:59:18,120
Speaker 23: Matthews said is right. Where the principle of independence has

1298
00:59:18,160 --> 00:59:20,760
Speaker 23: to be maintained even when you agree with someone will

1299
00:59:20,760 --> 00:59:24,160
Speaker 23: disagree with him. Right, and this is nowhere near Trump's

1300
00:59:24,160 --> 00:59:27,560
Speaker 23: attacks on the head of the Fed, Jerome Powerwell, he

1301
00:59:27,640 --> 00:59:29,960
Speaker 23: wrote a letter saying you're a fool and a numb

1302
00:59:30,000 --> 00:59:33,400
Speaker 23: school and a stupid person, you know, which you know

1303
00:59:33,680 --> 00:59:35,080
Speaker 23: is clearly biased.

1304
00:59:35,200 --> 00:59:36,400
Speaker 3: No, nobody's going to be quiet.

1305
00:59:36,400 --> 00:59:38,800
Speaker 23: I do think you have to be careful of political independence,

1306
00:59:39,080 --> 00:59:41,040
Speaker 23: you know, and the pressure that you might put you

1307
00:59:41,080 --> 00:59:41,760
Speaker 23: have protected.

1308
00:59:41,840 --> 00:59:42,920
Speaker 3: Yeah, I did think it was.

1309
00:59:42,840 --> 00:59:46,280
Speaker 23: Slightly weirder when when Christopher Luxen and Nicola Willis stood

1310
00:59:46,320 --> 00:59:49,280
Speaker 23: up to take credit for the Reserve Bank dropping the

1311
00:59:49,320 --> 00:59:52,760
Speaker 23: ocr which was even odder than criticizing or saying I'd

1312
00:59:52,840 --> 00:59:56,000
Speaker 23: like the I'd like the Reserve Bank to do this because.

1313
00:59:55,640 --> 00:59:57,400
Speaker 3: It's not it's it's monetary policy.

1314
00:59:57,440 --> 00:59:59,560
Speaker 23: It's not meant to be anything to do with the government. Yeah,

1315
01:00:00,120 --> 01:00:02,120
Speaker 23: so yeah, that was slightly odd. I don't think I've

1316
01:00:02,120 --> 01:00:02,720
Speaker 23: ever seen that.

1317
01:00:03,480 --> 01:00:07,120
Speaker 22: Well, also, we're burying the lead here, which was was

1318
01:00:07,160 --> 01:00:09,120
Speaker 22: the thing that I quite liked, which is Mike Hoskings

1319
01:00:09,160 --> 01:00:12,080
Speaker 22: audition and audition for the governorship at the Reserve Bank.

1320
01:00:12,200 --> 01:00:13,920
Speaker 22: I think he's got I mean, he's not doing much

1321
01:00:13,920 --> 01:00:15,720
Speaker 22: in the afternoons. What do you, guys, reckon, is.

1322
01:00:15,640 --> 01:00:16,960
Speaker 23: That anything that man can't do?

1323
01:00:17,080 --> 01:00:19,480
Speaker 3: He does everything you do. Realize he's also running the country,

1324
01:00:19,520 --> 01:00:20,360
Speaker 3: I mean a lot of them.

1325
01:00:20,600 --> 01:00:24,520
Speaker 23: And there he's Mayor of Auckland as well, secretly without taking.

1326
01:00:24,240 --> 01:00:26,360
Speaker 3: The personal number of things and he does the vacuum.

1327
01:00:27,000 --> 01:00:27,200
Speaker 1: Yeah.

1328
01:00:27,440 --> 01:00:29,040
Speaker 3: The number of things that he comes up with on

1329
01:00:29,040 --> 01:00:31,080
Speaker 3: his show that they then adopt his policy is actually

1330
01:00:31,120 --> 01:00:33,480
Speaker 3: quite staggering, isn't it, Tim.

1331
01:00:34,560 --> 01:00:37,800
Speaker 22: It's very It's very impressive. This is the problem with.

1332
01:00:37,840 --> 01:00:38,760
Speaker 2: Governor and the shadow.

1333
01:00:39,320 --> 01:00:41,000
Speaker 23: It's a fashion lord.

1334
01:00:41,080 --> 01:00:42,800
Speaker 22: No, wash your mouth out there, that's complete right.

1335
01:00:42,880 --> 01:00:45,160
Speaker 3: We're going to give him such a big head. Hey, Tim,

1336
01:00:45,160 --> 01:00:46,800
Speaker 3: have you ever gone on holiday with because there's an

1337
01:00:46,840 --> 01:00:48,720
Speaker 3: article on the paper today about going on holiday with

1338
01:00:48,760 --> 01:00:50,480
Speaker 3: your friends and what a bad idea is in the

1339
01:00:50,480 --> 01:00:52,040
Speaker 3: fact that you then fall out and never talk to

1340
01:00:52,080 --> 01:00:53,520
Speaker 3: each other again. Have you ever done it?

1341
01:00:53,760 --> 01:00:54,280
Speaker 5: Yeah?

1342
01:00:54,400 --> 01:00:57,040
Speaker 22: Yeah, Look I read the article and I think the

1343
01:00:57,080 --> 01:01:00,120
Speaker 22: takeaway is don't holiday with colleagues who you mistake for

1344
01:01:00,160 --> 01:01:03,520
Speaker 22: your friends, who are actually dirt bags. This is not

1345
01:01:03,560 --> 01:01:06,360
Speaker 22: actually about bad holidays. This is about a friendship crisis.

1346
01:01:06,400 --> 01:01:09,640
Speaker 22: The fact that I think people have trouble finding true

1347
01:01:09,640 --> 01:01:12,640
Speaker 22: friends and if you think, pull back a bit, no

1348
01:01:12,720 --> 01:01:15,280
Speaker 22: one talks about Jesus' biggest miracle, which is the fact

1349
01:01:15,280 --> 01:01:17,240
Speaker 22: that he had twelve friends in his thirties.

1350
01:01:19,480 --> 01:01:19,960
Speaker 26: Very good.

1351
01:01:21,080 --> 01:01:23,960
Speaker 23: I was just saying to Heather actually that I think

1352
01:01:23,960 --> 01:01:25,959
Speaker 23: I've lost more friends than I've gained in the last

1353
01:01:25,960 --> 01:01:29,120
Speaker 23: twenty years. And Heather's basically my best friend now, but

1354
01:01:29,160 --> 01:01:29,720
Speaker 23: she doesn't know it.

1355
01:01:29,760 --> 01:01:31,680
Speaker 3: I didn't realize. Slightly alarming.

1356
01:01:31,760 --> 01:01:34,560
Speaker 23: So yeah, let alone going holiday with people. But that's

1357
01:01:34,640 --> 01:01:36,840
Speaker 23: probably being a political commentators that.

1358
01:01:36,760 --> 01:01:39,960
Speaker 3: You lose friends, but they're not real friends if you

1359
01:01:40,040 --> 01:01:41,960
Speaker 3: lose them, John See exactly true.

1360
01:01:42,160 --> 01:01:44,800
Speaker 23: But I have had some very uncomfortable experiences on things

1361
01:01:44,840 --> 01:01:47,640
Speaker 23: like boating holidays where you're doing the dishes with your

1362
01:01:47,680 --> 01:01:50,680
Speaker 23: rubber gloves and literally someone is sitting next to you

1363
01:01:50,760 --> 01:01:54,880
Speaker 23: having a pooh, and that's like, I'm just really uncomfortable.

1364
01:01:55,080 --> 01:01:56,640
Speaker 23: We did speak to each other again, but.

1365
01:01:56,640 --> 01:01:58,600
Speaker 22: Yeah, wait wait the doors shut, Josie.

1366
01:01:59,080 --> 01:02:01,600
Speaker 3: The doors shut. Well, it's just a weird sort of

1367
01:02:01,600 --> 01:02:02,240
Speaker 3: paper door.

1368
01:02:03,320 --> 01:02:03,560
Speaker 6: Enough.

1369
01:02:03,840 --> 01:02:07,560
Speaker 3: It requires a lot of you've got it, you've really

1370
01:02:07,600 --> 01:02:09,920
Speaker 3: got to escape. Hey, Tim, did you how was your cruise?

1371
01:02:09,960 --> 01:02:13,360
Speaker 22: By the way, Yeah, it was great, it was it

1372
01:02:13,400 --> 01:02:17,520
Speaker 22: was It was fantastic, went with family, not friends, and

1373
01:02:18,000 --> 01:02:19,920
Speaker 22: had a great time, time of life. Boys got their

1374
01:02:19,920 --> 01:02:24,280
Speaker 22: hair braided on Mystery Island. We did the water slide,

1375
01:02:24,320 --> 01:02:27,040
Speaker 22: I did the Twister. I didn't do the green lightning

1376
01:02:27,080 --> 01:02:30,600
Speaker 22: because you drop eleven meters. But yeah, it was just

1377
01:02:30,680 --> 01:02:33,920
Speaker 22: making memories. When you say, not a holiday, but it

1378
01:02:34,000 --> 01:02:36,280
Speaker 22: wasn't a holiday. By the way, she's.

1379
01:02:36,200 --> 01:02:38,360
Speaker 23: Got a friend who's I've got this aura ring now,

1380
01:02:38,400 --> 01:02:40,000
Speaker 23: And I've got friend who's got an aura ring. And

1381
01:02:40,000 --> 01:02:42,600
Speaker 23: he went on holiday with his family and then came

1382
01:02:42,640 --> 01:02:45,000
Speaker 23: back to work and he was the most stressed on

1383
01:02:45,080 --> 01:02:47,120
Speaker 23: holiday with his family and he came back to work.

1384
01:02:47,360 --> 01:02:49,200
Speaker 23: Or I said, you were in a very relaxed state.

1385
01:02:49,440 --> 01:02:51,360
Speaker 3: Oh, because family, it's hard.

1386
01:02:52,040 --> 01:02:52,200
Speaker 26: Yeah.

1387
01:02:52,280 --> 01:02:54,360
Speaker 3: Did you take when you say said you went on

1388
01:02:54,400 --> 01:02:56,600
Speaker 3: holiday with your family, was it just you and the

1389
01:02:56,640 --> 01:02:59,520
Speaker 3: four boys and your wife or did you take other members?

1390
01:03:00,440 --> 01:03:02,600
Speaker 22: No, I was there was wider family. Actually it was

1391
01:03:02,680 --> 01:03:08,560
Speaker 22: my my birth father's family, so all of the Hollingworths.

1392
01:03:08,600 --> 01:03:09,800
Speaker 22: So it was it was so lovely.

1393
01:03:09,920 --> 01:03:10,919
Speaker 3: Oh yeah, deep.

1394
01:03:11,160 --> 01:03:14,600
Speaker 23: But then Tim has so so many family, so much family,

1395
01:03:14,640 --> 01:03:16,720
Speaker 23: so many children.

1396
01:03:16,880 --> 01:03:17,600
Speaker 3: But you can't fit in.

1397
01:03:18,320 --> 01:03:20,520
Speaker 22: And we always we always get we always get to

1398
01:03:20,560 --> 01:03:22,280
Speaker 22: this Heather, and we can we can shout it out

1399
01:03:22,320 --> 01:03:23,480
Speaker 22: when we go on holiday together.

1400
01:03:23,600 --> 01:03:28,560
Speaker 3: So jose yeah, listen, I'll come on holiday with any

1401
01:03:28,560 --> 01:03:30,000
Speaker 3: of you guys and help out with the children if

1402
01:03:30,040 --> 01:03:31,840
Speaker 3: you need. Thank you and I expected back. Thank you

1403
01:03:31,880 --> 01:03:34,240
Speaker 3: so much, both of you. Joseph A. Ganney, Child Funds CEO,

1404
01:03:34,280 --> 01:03:36,680
Speaker 3: Tim Wilson, Maxim Institute. Eight Away from six.

1405
01:03:37,720 --> 01:03:41,240
Speaker 1: It's the Heather Duplessy Allen Drive Full Show podcast on

1406
01:03:41,400 --> 01:03:43,720
Speaker 1: my Ard Radio powered by News Talk ZB.

1407
01:03:46,200 --> 01:03:49,000
Speaker 3: Heather, if Bishop aspires to leadership, he needs to sharpen

1408
01:03:49,120 --> 01:03:52,800
Speaker 3: his appearance. He speaks very well, obviously a prerequisite, but

1409
01:03:52,800 --> 01:03:54,600
Speaker 3: he is someone who needs to wear a tie and

1410
01:03:54,760 --> 01:03:57,040
Speaker 3: like some others, learn how to tie it. Phil sharpens,

1411
01:03:57,400 --> 01:04:01,040
Speaker 3: you mean like Boris? Like Boris sharpened appearance before he

1412
01:04:01,120 --> 01:04:03,320
Speaker 3: became the Prime Minister of the Yeah. I make the

1413
01:04:03,400 --> 01:04:06,360
Speaker 3: point right, And I also don't feel like Muldoon was

1414
01:04:06,400 --> 01:04:08,400
Speaker 3: the sharpest. Was he? I think we let a lot

1415
01:04:08,400 --> 01:04:11,320
Speaker 3: of things slide if we like the person who's wearing

1416
01:04:11,400 --> 01:04:15,120
Speaker 3: the suit badly. Now we're talking about the pharmacists just before.

1417
01:04:15,120 --> 01:04:17,120
Speaker 3: This might alarm you. So there is a if you

1418
01:04:17,160 --> 01:04:20,520
Speaker 3: look at read it, there is a page where someone

1419
01:04:20,640 --> 01:04:24,400
Speaker 3: has said pharmacist, what mistakes have you made? And pharmacists

1420
01:04:24,480 --> 01:04:27,160
Speaker 3: have just gone online and admitted all of these mistakes

1421
01:04:27,160 --> 01:04:27,880
Speaker 3: that they've made.

1422
01:04:27,680 --> 01:04:30,200
Speaker 8: And it is well, they say they're pharmacists here.

1423
01:04:30,560 --> 01:04:32,800
Speaker 3: Well, I mean they've written things that you don't know

1424
01:04:32,800 --> 01:04:35,960
Speaker 3: what they are, and they do. So I'm guessing that pharmacists.

1425
01:04:35,960 --> 01:04:37,080
Speaker 3: Do you think people make things up.

1426
01:04:36,960 --> 01:04:39,080
Speaker 8: On Well, the point I'm making is that if I

1427
01:04:39,120 --> 01:04:41,400
Speaker 8: was reading it, they could make up a chemical and

1428
01:04:41,400 --> 01:04:42,440
Speaker 8: I would have no idea.

1429
01:04:42,760 --> 01:04:44,400
Speaker 3: Well there's that, okay, so be at that in mine.

1430
01:04:44,400 --> 01:04:46,600
Speaker 3: Thanks very much for raining it. Literally. He could say

1431
01:04:46,600 --> 01:04:48,440
Speaker 3: that about everything we say about the internet, but he

1432
01:04:48,520 --> 01:04:51,240
Speaker 3: chose to say it then. But anyway, so, pharmacists, what

1433
01:04:51,400 --> 01:04:55,720
Speaker 3: mistakes have you made? First pharmacist says filled oxyd codone

1434
01:04:56,200 --> 01:04:58,560
Speaker 3: fifteen meals instead of five meals for one of my

1435
01:04:58,560 --> 01:05:02,160
Speaker 3: favorite eighty year old ladies. She caught it freshout. Is

1436
01:05:02,200 --> 01:05:03,880
Speaker 3: the next one fresh out of school? I just spends

1437
01:05:03,920 --> 01:05:07,600
Speaker 3: torsimide one hundred grams instead of ten milligrams, one hundred

1438
01:05:07,600 --> 01:05:11,680
Speaker 3: milligrams instead of pen ten milligrams. Patient was hospitalized and died.

1439
01:05:12,840 --> 01:05:16,240
Speaker 3: We'll always remember that. Another one wrapped labels on a

1440
01:05:16,240 --> 01:05:20,920
Speaker 3: bottle of l prasoleum XR and L prasilum ir for

1441
01:05:21,040 --> 01:05:23,120
Speaker 3: one patient got to the patient, but they'd been taking

1442
01:05:23,120 --> 01:05:25,000
Speaker 3: both of them for a long time and immediately recognized

1443
01:05:25,040 --> 01:05:26,600
Speaker 3: the mistake, and blah blah blah goes on and on

1444
01:05:26,640 --> 01:05:31,280
Speaker 3: and on. But the one one person answered this, Most

1445
01:05:31,280 --> 01:05:33,760
Speaker 3: of the ones here are so mild, some so minor

1446
01:05:33,800 --> 01:05:36,200
Speaker 3: they barely even count. I did about a decade of

1447
01:05:36,240 --> 01:05:39,080
Speaker 3: retail in my past, and I average about two med

1448
01:05:39,280 --> 01:05:42,200
Speaker 3: errors a year. Granted I was filling like one hundred

1449
01:05:42,200 --> 01:05:44,240
Speaker 3: and eighty thousand scripts a year, so that's not too bad.

1450
01:05:44,280 --> 01:05:47,280
Speaker 3: Probably fifteen to twenty med eras in that decade. Caught

1451
01:05:47,320 --> 01:05:49,720
Speaker 3: five times as many as a floater off the top

1452
01:05:49,720 --> 01:05:52,920
Speaker 3: of my head. I gave out amoxicillin instead of augmenting

1453
01:05:53,280 --> 01:05:58,120
Speaker 3: bactrum ds instead of ss lozatum, wrong strength brackets, illegible

1454
01:05:58,200 --> 01:06:02,240
Speaker 3: script am load P five instead of ten milligrams non

1455
01:06:02,360 --> 01:06:06,240
Speaker 3: fe birth control that was supposed to be fe clinder.

1456
01:06:06,320 --> 01:06:09,000
Speaker 3: My scene underdose called him by a dental receptionist that

1457
01:06:09,040 --> 01:06:11,960
Speaker 3: I didn't clarify with the dentist himself. Patient was hospitalized

1458
01:06:12,000 --> 01:06:13,760
Speaker 3: that time. I didn't catch any heat for it because

1459
01:06:13,760 --> 01:06:16,959
Speaker 3: it was technically the officer's error. I dispensed a cream

1460
01:06:17,040 --> 01:06:20,840
Speaker 3: or suspension ray unreconstituted probably five different times twice to

1461
01:06:20,880 --> 01:06:25,560
Speaker 3: the same patient, Viagra instead of warfarin brackets, I don't know,

1462
01:06:25,840 --> 01:06:30,000
Speaker 3: wrong vaccine administered brackets several times, wrong strength of fifty

1463
01:06:30,000 --> 01:06:32,320
Speaker 3: different things. It just goes on and on and on. Anyway,

1464
01:06:32,680 --> 01:06:35,200
Speaker 3: the lesson from it is, I mean, obviously, is to

1465
01:06:35,240 --> 01:06:38,080
Speaker 3: be the lesson is I'm not even gonna mince my words. Yeah,

1466
01:06:38,280 --> 01:06:41,000
Speaker 3: the lesson is to be alarmed, be alarmed by it,

1467
01:06:41,400 --> 01:06:43,400
Speaker 3: and double check your scripts. Now that I've said this

1468
01:06:43,440 --> 01:06:45,760
Speaker 3: out loud, every time I go into my pharmacy, he

1469
01:06:45,960 --> 01:06:47,880
Speaker 3: makes a point of making me look at the thing

1470
01:06:48,320 --> 01:06:51,240
Speaker 3: and can confirm it with him because he listened to

1471
01:06:51,280 --> 01:06:53,200
Speaker 3: the show and he heard me saying that. But I

1472
01:06:53,200 --> 01:06:55,560
Speaker 3: think it is a good lesson to don't you think, like,

1473
01:06:55,560 --> 01:06:58,200
Speaker 3: if you're gonna get something prescribed, it takes five minutes.

1474
01:06:58,520 --> 01:07:00,120
Speaker 3: Just have a look at it, Just make sure it's

1475
01:07:00,160 --> 01:07:02,480
Speaker 3: the right dosage. Maybe google it, maybe do a I

1476
01:07:02,520 --> 01:07:04,920
Speaker 3: don't know, chat, GBT or whatever. It's better than dying,

1477
01:07:05,400 --> 01:07:07,960
Speaker 3: isn't it. Nicola Willis is with us next us talks.

1478
01:07:07,880 --> 01:07:16,920
Speaker 2: Edb what's up?

1479
01:07:17,280 --> 01:07:20,720
Speaker 1: What's down, what with a major cause and how will

1480
01:07:20,760 --> 01:07:24,760
Speaker 1: it affect the economy? The big business questions on the

1481
01:07:24,800 --> 01:07:29,240
Speaker 1: Business Hour with Heather Duplicy, Allen and Maz for Trusted

1482
01:07:29,280 --> 01:07:31,360
Speaker 1: Home Insurance Solutions Used Talks.

1483
01:07:31,240 --> 01:07:36,320
Speaker 3: dB you've been coming up in the next hour, Shane

1484
01:07:36,320 --> 01:07:39,320
Speaker 3: Soley's going to talk us through today's results. Tourism Holdings

1485
01:07:39,360 --> 01:07:41,400
Speaker 3: on their results out today as well, and Gavin Gray

1486
01:07:41,440 --> 01:07:43,160
Speaker 3: will do the UK for us right now at a

1487
01:07:43,240 --> 01:07:45,280
Speaker 3: seven parsix and with me in the studio we have

1488
01:07:45,360 --> 01:07:48,400
Speaker 3: the Finance Minister Nicolo Willis Nicola, Hello, hello here, thanks

1489
01:07:48,480 --> 01:07:50,600
Speaker 3: for coming in, great to be with you. What brought

1490
01:07:50,600 --> 01:07:52,520
Speaker 3: you up to Auckland? Was it the Hi?

1491
01:07:52,640 --> 01:07:54,520
Speaker 20: We at a press conference with the Prime Minister and

1492
01:07:54,520 --> 01:07:56,440
Speaker 20: I had some meetings with some Auckland based business.

1493
01:07:56,480 --> 01:07:58,760
Speaker 3: It's very good, okay. Now do you agree with the

1494
01:07:58,760 --> 01:08:00,480
Speaker 3: Prime Minister and what he said the morning that the

1495
01:08:00,480 --> 01:08:01,760
Speaker 3: Reserve Bank should have cut sooner?

1496
01:08:01,960 --> 01:08:05,080
Speaker 20: Well, I think he was making a retrospective comment. And

1497
01:08:05,120 --> 01:08:07,400
Speaker 20: if you went and talked to the Monetary Policy Committee

1498
01:08:07,440 --> 01:08:10,040
Speaker 20: today and said, knowing what you now know, could you

1499
01:08:10,080 --> 01:08:12,200
Speaker 20: have done things differently? You might find quite a few

1500
01:08:12,200 --> 01:08:14,360
Speaker 20: of them would say, well, maybe would have done things differently.

1501
01:08:14,400 --> 01:08:16,760
Speaker 3: Do you know fortunately, because you know that well.

1502
01:08:16,960 --> 01:08:20,280
Speaker 20: Unfortunately, the Monetary Policy Committee, when they make decisions don't

1503
01:08:20,280 --> 01:08:22,719
Speaker 20: get the joy of being retrospective. They have to deal

1504
01:08:22,760 --> 01:08:25,200
Speaker 20: with what's happening in real time, and they've often got

1505
01:08:25,280 --> 01:08:27,559
Speaker 20: uncertain data. They're trying to predict a bit about what

1506
01:08:27,640 --> 01:08:30,760
Speaker 20: the future will show. And what they clearly decided at

1507
01:08:30,800 --> 01:08:34,559
Speaker 20: their last rate announcement was actually things have panned out

1508
01:08:34,640 --> 01:08:37,320
Speaker 20: worse than we had imagined, and therefore more stimulus is

1509
01:08:37,320 --> 01:08:39,800
Speaker 20: required and we need to lodge in another.

1510
01:08:39,760 --> 01:08:42,360
Speaker 3: Action in the rate. It's not trampling on their independence

1511
01:08:42,400 --> 01:08:44,240
Speaker 3: because it's talking about what they've done rather than what

1512
01:08:44,280 --> 01:08:45,320
Speaker 3: they should Exactly.

1513
01:08:45,360 --> 01:08:47,840
Speaker 20: If the Prime Minister had said this is what they

1514
01:08:47,880 --> 01:08:50,480
Speaker 20: should do next time, that would have been an overstep.

1515
01:08:50,520 --> 01:08:53,200
Speaker 20: He did not say that. He said retrospectively, things have

1516
01:08:53,240 --> 01:08:56,240
Speaker 20: played out differently than the Monetary Policy Committee might have imagined.

1517
01:08:56,280 --> 01:08:59,600
Speaker 3: What about your involvement with the Capital Requirements Review is

1518
01:08:59,640 --> 01:09:00,839
Speaker 3: that of stepping the independence?

1519
01:09:00,880 --> 01:09:04,759
Speaker 20: Absolutely not, because under the legislation I get to issue

1520
01:09:04,800 --> 01:09:07,799
Speaker 20: what's called a financial policy remont and in that financial

1521
01:09:07,880 --> 01:09:11,000
Speaker 20: policy remitt I specifically asked that the Reserve Bank give

1522
01:09:11,080 --> 01:09:15,280
Speaker 20: more emphasis to banking competition and efficiency. They've picked that up.

1523
01:09:15,800 --> 01:09:18,040
Speaker 20: I also wrote them a letter of expectations about what

1524
01:09:18,080 --> 01:09:20,640
Speaker 20: that might involve. They've picked that up and consistent with

1525
01:09:20,720 --> 01:09:23,920
Speaker 20: their legislative requirements, they've said, okay, well that's one of

1526
01:09:23,960 --> 01:09:26,880
Speaker 20: the factors we'll consider here. They've also considered the Commerce

1527
01:09:26,880 --> 01:09:31,960
Speaker 20: Commission's inquiry, They've considered Parliament's inquiry, developments that have happened internationally,

1528
01:09:32,360 --> 01:09:36,000
Speaker 20: and the evolving deposit compensation scheme here. So all of

1529
01:09:36,040 --> 01:09:38,599
Speaker 20: those factors contributed to the Reserve Bank doing a review

1530
01:09:38,640 --> 01:09:39,360
Speaker 20: of capital settings.

1531
01:09:39,400 --> 01:09:41,400
Speaker 3: Would you appreciate it? Would you accept you? Guys at

1532
01:09:41,400 --> 01:09:43,240
Speaker 3: towing the line on the independence thing.

1533
01:09:43,560 --> 01:09:46,479
Speaker 20: I think we are supporting the Reserve Bank to be

1534
01:09:46,640 --> 01:09:50,519
Speaker 20: independent because that's very important and we want to safeguard that.

1535
01:09:50,560 --> 01:09:52,280
Speaker 3: And well, do you have a preference on which of

1536
01:09:52,280 --> 01:09:53,920
Speaker 3: the two outcomes come from the review?

1537
01:09:54,360 --> 01:09:56,080
Speaker 20: No, I'm not going to take a preference on that

1538
01:09:56,200 --> 01:09:58,439
Speaker 20: because I think it was a trick question. Yeah, because

1539
01:09:58,479 --> 01:10:01,040
Speaker 20: I think it's important that the Reserve do this transparent

1540
01:10:01,120 --> 01:10:04,720
Speaker 20: feedback process to understand from the different players involved, how

1541
01:10:04,720 --> 01:10:07,120
Speaker 20: would that affect them. Would it have the impact they

1542
01:10:07,160 --> 01:10:09,439
Speaker 20: think it would on competition, on the price of lending,

1543
01:10:09,640 --> 01:10:12,639
Speaker 20: because what their report today says is they think under

1544
01:10:12,680 --> 01:10:15,200
Speaker 20: all of these scenarios it will lower the cost of

1545
01:10:15,240 --> 01:10:18,879
Speaker 20: borrowing for the New Zealanders, lower it more in particular segments,

1546
01:10:18,880 --> 01:10:23,599
Speaker 20: including some parts of residential mortgages, agricultural lending, community housing providers,

1547
01:10:24,160 --> 01:10:27,080
Speaker 20: and that all things being equal, that could actually be

1548
01:10:27,120 --> 01:10:29,800
Speaker 20: a supporter of more economic growth in the future. Yea,

1549
01:10:30,000 --> 01:10:33,479
Speaker 20: So those are positive things. The detail is where it counts.

1550
01:10:33,520 --> 01:10:36,800
Speaker 20: It's their job to understand that detail and to make

1551
01:10:37,200 --> 01:10:38,040
Speaker 20: decisions on it.

1552
01:10:38,160 --> 01:10:40,439
Speaker 3: Now, have you heard about our confusion about when your

1553
01:10:40,439 --> 01:10:41,920
Speaker 3: supermarket announcement is coming.

1554
01:10:42,000 --> 01:10:43,440
Speaker 27: I haven't heard about that concusion.

1555
01:10:43,520 --> 01:10:45,519
Speaker 3: But you said to us you said it would come

1556
01:10:45,560 --> 01:10:47,559
Speaker 3: at the end of the quarter, which is the end

1557
01:10:47,560 --> 01:10:52,000
Speaker 3: of August. But the quarter ends at the end of September. Correct,

1558
01:10:52,080 --> 01:10:54,000
Speaker 3: So is the supermarket announcement coming at the end of

1559
01:10:54,040 --> 01:10:55,240
Speaker 3: the August or the end of the quarter.

1560
01:10:55,320 --> 01:10:57,519
Speaker 20: Well, the Prime Minister's made clear it will happen this quarter,

1561
01:10:57,560 --> 01:10:59,679
Speaker 20: which I view as the end of September. But I'm

1562
01:10:59,680 --> 01:11:01,320
Speaker 20: not going to reveal on the show today when that

1563
01:11:01,400 --> 01:11:03,679
Speaker 20: announcement will happen. What I will tell you, though he's

1564
01:11:03,720 --> 01:11:06,400
Speaker 20: a little exclusive, is that when I announce it. It's not

1565
01:11:06,439 --> 01:11:08,680
Speaker 20: going to be the grand silver bullet to solve all

1566
01:11:08,800 --> 01:11:11,680
Speaker 20: supermarket issues. What it will be is an update on

1567
01:11:11,760 --> 01:11:13,880
Speaker 20: the work that we have been doing as you know.

1568
01:11:14,240 --> 01:11:16,080
Speaker 3: No, it's an announcement of an announcement.

1569
01:11:16,080 --> 01:11:19,320
Speaker 20: No, No, there will be deliberate and specific actions that you

1570
01:11:19,360 --> 01:11:20,439
Speaker 20: have not heard about before.

1571
01:11:20,640 --> 01:11:24,040
Speaker 3: Okay, but you're definitely tempering our expectations, aren't you.

1572
01:11:24,160 --> 01:11:27,240
Speaker 20: I'm not going to be announcing an international supermarket chain

1573
01:11:27,920 --> 01:11:30,639
Speaker 20: which factory stores is going to be opening up next month.

1574
01:11:30,680 --> 01:11:32,519
Speaker 3: All right, So when do we get the big silver bullet?

1575
01:11:32,640 --> 01:11:33,479
Speaker 3: Do we get one?

1576
01:11:33,680 --> 01:11:36,320
Speaker 20: Well, what we have to do is create the conditions

1577
01:11:36,520 --> 01:11:41,800
Speaker 20: in which a new entrant or an existing player feel

1578
01:11:41,880 --> 01:11:45,120
Speaker 20: that they can expand. Now, that is a commercial decision

1579
01:11:45,120 --> 01:11:48,519
Speaker 20: for that entity. I think the government's job is to say, Okay,

1580
01:11:48,920 --> 01:11:50,720
Speaker 20: what is the red teap tape that would stop you

1581
01:11:50,840 --> 01:11:52,800
Speaker 20: doing that? What are the regulatory barriers, what is the

1582
01:11:52,920 --> 01:11:56,320
Speaker 20: uncertainty about the competition framework that might prevent you? If

1583
01:11:56,400 --> 01:11:58,639
Speaker 20: we can clear all of that out of the way

1584
01:11:59,360 --> 01:12:02,599
Speaker 20: and we turn be stressed, what then would stop you?

1585
01:12:03,040 --> 01:12:04,840
Speaker 27: And so that's the approach of the reason.

1586
01:12:05,040 --> 01:12:06,719
Speaker 3: Me like, you're never going to give us a silver bullet.

1587
01:12:06,760 --> 01:12:08,400
Speaker 3: And there's going to be no big announcement, it's just

1588
01:12:08,400 --> 01:12:09,480
Speaker 3: going to be laying the groundwork.

1589
01:12:09,560 --> 01:12:12,080
Speaker 20: Well, we are making very good progress and we have

1590
01:12:12,320 --> 01:12:14,040
Speaker 20: a number of irons in the fire, and I'll be

1591
01:12:14,080 --> 01:12:15,720
Speaker 20: looking forward to making an update on it.

1592
01:12:15,760 --> 01:12:16,920
Speaker 27: But not today this quarter.

1593
01:12:17,000 --> 01:12:20,839
Speaker 3: Though not not right. Who are these merchants of misery

1594
01:12:20,880 --> 01:12:22,800
Speaker 3: and doom and doom say it is?

1595
01:12:23,479 --> 01:12:25,639
Speaker 20: Well, I'm a little bit frustrated by the way that

1596
01:12:25,640 --> 01:12:28,240
Speaker 20: that has been taken out of context. My point was

1597
01:12:28,280 --> 01:12:31,320
Speaker 20: that the Reserve Bank have given forecasts about the economic

1598
01:12:31,360 --> 01:12:34,800
Speaker 20: future in which they say they see unemployment falling, they

1599
01:12:34,840 --> 01:12:38,439
Speaker 20: see growth coming back, and inflation stabilizing. My point was

1600
01:12:38,720 --> 01:12:42,040
Speaker 20: it's not me saying that the Reserve Bank are independent.

1601
01:12:42,080 --> 01:12:45,599
Speaker 20: They're politically neutral, as we've just discussed, and so those

1602
01:12:45,600 --> 01:12:47,479
Speaker 20: who say, oh no, we don't believe that, we don't

1603
01:12:47,479 --> 01:12:50,600
Speaker 20: believe it. You know, sometimes they are coming from a

1604
01:12:50,600 --> 01:12:52,800
Speaker 20: politically motivated perspective to say that.

1605
01:12:53,200 --> 01:12:54,880
Speaker 27: Equally, I get it.

1606
01:12:55,120 --> 01:12:58,200
Speaker 20: New Zealanders have been through an incredibly tough few years

1607
01:12:58,560 --> 01:13:00,240
Speaker 20: and for some of them it feels like there have

1608
01:13:00,240 --> 01:13:01,280
Speaker 20: been a few false storms.

1609
01:13:01,600 --> 01:13:03,679
Speaker 3: Who will there have been a lot of false storms,

1610
01:13:03,680 --> 01:13:05,560
Speaker 3: aren't there? But who are these doom sayers.

1611
01:13:05,439 --> 01:13:07,200
Speaker 20: Are the people on the other side of me in Parliament.

1612
01:13:07,280 --> 01:13:09,040
Speaker 20: They tend to come from the Greens and Labor and

1613
01:13:09,040 --> 01:13:11,320
Speaker 20: if you were to believe Chloe Spawborough and Barbara Edmonds,

1614
01:13:11,360 --> 01:13:12,840
Speaker 20: it doesn't matter what the government does.

1615
01:13:13,000 --> 01:13:14,920
Speaker 27: The end of the world is ntcause.

1616
01:13:14,320 --> 01:13:17,000
Speaker 3: Because how it's been interpreted is that you're saying everything

1617
01:13:17,040 --> 01:13:19,160
Speaker 3: is too is just absolutely fine.

1618
01:13:19,320 --> 01:13:21,080
Speaker 27: Not my view. Heither not my view.

1619
01:13:21,080 --> 01:13:24,360
Speaker 20: You acknowledge it's tough out there, absolutely very tough, and

1620
01:13:24,400 --> 01:13:28,439
Speaker 20: particularly for some businesses, particularly I think of those small

1621
01:13:28,479 --> 01:13:31,160
Speaker 20: businesses who had to struggle through COVID, often took on

1622
01:13:31,320 --> 01:13:33,760
Speaker 20: a lot of debt to stay open and keep staff on,

1623
01:13:34,240 --> 01:13:36,800
Speaker 20: went through very big price spikes, then got hit with

1624
01:13:37,120 --> 01:13:39,479
Speaker 20: high interest rates on the debt they had outstanding, and

1625
01:13:39,520 --> 01:13:42,640
Speaker 20: are now struggling to keep going. I do think that

1626
01:13:42,720 --> 01:13:46,040
Speaker 20: actually it is my responsibility to look those businesses in

1627
01:13:46,080 --> 01:13:48,559
Speaker 20: the eye, as well as the many households who depend

1628
01:13:48,600 --> 01:13:51,519
Speaker 20: on them, and say, I can with confidence tell you

1629
01:13:51,600 --> 01:13:54,400
Speaker 20: that the steps the government is taking mean that we

1630
01:13:54,479 --> 01:13:57,559
Speaker 20: can forecast that conditions will be objectively better.

1631
01:13:58,000 --> 01:13:58,599
Speaker 3: That is the.

1632
01:13:58,560 --> 01:14:00,800
Speaker 20: Case, and I think it's important that I give them

1633
01:14:00,840 --> 01:14:03,400
Speaker 20: that sense of hope and purpose At the same time,

1634
01:14:03,439 --> 01:14:04,920
Speaker 20: I don't deny it, whether you are a big business

1635
01:14:04,960 --> 01:14:07,280
Speaker 20: a small business. In New Zealand household there are many

1636
01:14:07,320 --> 01:14:09,360
Speaker 20: people who continue to do it tough, and they very

1637
01:14:09,400 --> 01:14:10,200
Speaker 20: much on our minds.

1638
01:14:10,280 --> 01:14:12,840
Speaker 3: Okay, cool, Now do you agree with Chris Bishop that

1639
01:14:12,880 --> 01:14:14,599
Speaker 3: it is a good thing that house prices are falling?

1640
01:14:15,360 --> 01:14:17,760
Speaker 20: I agree with him that house prices needed to fall

1641
01:14:17,760 --> 01:14:20,200
Speaker 20: from where they were. They went up thirty percent in

1642
01:14:20,280 --> 01:14:24,960
Speaker 20: a year that is obviously objectively unsustainable, both from a

1643
01:14:24,960 --> 01:14:28,280
Speaker 20: financial stability perspective, but also just from a what kind

1644
01:14:28,280 --> 01:14:29,720
Speaker 20: of a New Zealand do we want to live up?

1645
01:14:29,840 --> 01:14:32,040
Speaker 20: Because I'm with him, I want this to be a

1646
01:14:32,080 --> 01:14:36,160
Speaker 20: property owning democracy in which normal working people look forward.

1647
01:14:36,000 --> 01:14:37,000
Speaker 27: To owning their own home.

1648
01:14:37,040 --> 01:14:39,639
Speaker 20: And so what that's about is the ratio of incomes

1649
01:14:39,640 --> 01:14:43,040
Speaker 20: to house prices that had become unsustainable in New Zealand.

1650
01:14:43,120 --> 01:14:44,880
Speaker 3: But also we're putting our money into the wrong stuff.

1651
01:14:45,320 --> 01:14:48,439
Speaker 20: Well, we want to see a productive economy being driven

1652
01:14:48,520 --> 01:14:51,800
Speaker 20: by real growth, not just New Zealand's trading houses with

1653
01:14:51,920 --> 01:14:52,400
Speaker 20: each So.

1654
01:14:52,360 --> 01:14:55,479
Speaker 3: Do you think like I do, that house prices will

1655
01:14:55,520 --> 01:14:58,000
Speaker 3: never again increase at the rate that they were not

1656
01:14:58,080 --> 01:15:00,680
Speaker 3: even during COVID, during the weird years. But even before that,

1657
01:15:00,720 --> 01:15:02,519
Speaker 3: when they were galloping along at a good rate, I

1658
01:15:02,560 --> 01:15:03,760
Speaker 3: don't think that ever happens again.

1659
01:15:03,960 --> 01:15:06,960
Speaker 20: Well, our government is trying to correct the imbalances that

1660
01:15:07,000 --> 01:15:09,479
Speaker 20: allowed that to occur, which in our view was that

1661
01:15:09,520 --> 01:15:12,920
Speaker 20: we artificially in New Zealand constrained the amount of land

1662
01:15:12,960 --> 01:15:16,360
Speaker 20: available for housing. The Resource Management Act became a massive

1663
01:15:16,479 --> 01:15:19,599
Speaker 20: stop sign when it came to doing a new housing development,

1664
01:15:19,640 --> 01:15:22,280
Speaker 20: when it came to building an apartment, and it slowed

1665
01:15:22,280 --> 01:15:24,360
Speaker 20: down the supply of housing so that even when interest

1666
01:15:24,400 --> 01:15:27,080
Speaker 20: rates were really low, there were lots of people wanting

1667
01:15:27,120 --> 01:15:28,800
Speaker 20: to buy houses, no one could build quickly.

1668
01:15:28,960 --> 01:15:31,439
Speaker 3: So you're doing what you can basically as a government

1669
01:15:31,520 --> 01:15:33,720
Speaker 3: also to stop house prices increasing at the rate that

1670
01:15:33,760 --> 01:15:35,679
Speaker 3: they were, which is a steady little tick along for years.

1671
01:15:35,760 --> 01:15:38,080
Speaker 20: Well, what we're doing is what we can mean that

1672
01:15:38,120 --> 01:15:41,160
Speaker 20: housing supply can respond to actual demands, so that with

1673
01:15:41,240 --> 01:15:44,600
Speaker 20: a growing population, we're building enough houses for everyone. So

1674
01:15:44,640 --> 01:15:48,120
Speaker 20: you don't get a situation where you have unsustainable rent increases,

1675
01:15:48,400 --> 01:15:50,640
Speaker 20: where you have growing numbers of people depending on the

1676
01:15:50,680 --> 01:15:53,840
Speaker 20: government for housing, where you have house prices being so

1677
01:15:53,960 --> 01:15:56,920
Speaker 20: out of control that normal people on an average wage

1678
01:15:56,920 --> 01:15:59,519
Speaker 20: can't even dream of owning a house. Now what the

1679
01:15:59,520 --> 01:16:02,000
Speaker 20: Treasury forecast as we are going to continue to see

1680
01:16:02,000 --> 01:16:05,120
Speaker 20: moderate house price growth over the coming years. And I

1681
01:16:05,200 --> 01:16:07,040
Speaker 20: know that that will be of some comfort to those

1682
01:16:07,080 --> 01:16:09,080
Speaker 20: people who are sitting there looking at the big mortgage

1683
01:16:09,080 --> 01:16:11,880
Speaker 20: that they racked up when prices were very high. But

1684
01:16:11,960 --> 01:16:15,439
Speaker 20: over time, the best thing for New Zealand is that

1685
01:16:15,479 --> 01:16:18,760
Speaker 20: we actually have house prices which are sustainable.

1686
01:16:19,040 --> 01:16:22,000
Speaker 3: Yeah, totally. Did Simeon have a boy or a girl?

1687
01:16:22,760 --> 01:16:23,760
Speaker 27: He had a boy, did he?

1688
01:16:24,200 --> 01:16:24,439
Speaker 3: Yeah?

1689
01:16:24,600 --> 01:16:25,280
Speaker 27: Indeed he did.

1690
01:16:25,360 --> 01:16:25,800
Speaker 3: That's lovely.

1691
01:16:25,880 --> 01:16:28,360
Speaker 20: He's got two boys and two girls now, which I

1692
01:16:28,360 --> 01:16:30,439
Speaker 20: happen to think is the perfect arrange because you.

1693
01:16:30,400 --> 01:16:32,640
Speaker 3: Have this arrangement too. This is good. Hey, thank you

1694
01:16:32,760 --> 01:16:35,000
Speaker 3: very much. Nicola really appreciated. Nichola will Is the Finance

1695
01:16:35,040 --> 01:16:37,000
Speaker 3: min It's a sixteen past six.

1696
01:16:37,880 --> 01:16:38,200
Speaker 27: Thank you.

1697
01:16:39,720 --> 01:16:43,240
Speaker 1: It's the Heather dupas Allen Drive Full Show podcast on

1698
01:16:43,360 --> 01:16:46,000
Speaker 1: my Heart Radio powered by newstalg Zebbi.

1699
01:16:47,640 --> 01:16:47,800
Speaker 16: Here.

1700
01:16:47,840 --> 01:16:50,600
Speaker 3: The immigration was what drove house prices up, and immigration

1701
01:16:50,640 --> 01:16:52,360
Speaker 3: has now dried up, and that's probably the question that

1702
01:16:52,400 --> 01:16:54,320
Speaker 3: the minister should answer. That's from granted, that's actually a

1703
01:16:54,360 --> 01:16:56,800
Speaker 3: fair point. The immigration has dropped off massively, which is

1704
01:16:56,840 --> 01:16:58,720
Speaker 3: causing all kinds of funny little things to happen in

1705
01:16:58,760 --> 01:17:01,840
Speaker 3: the economy, isn't it nineteen pars six and Shane solely

1706
01:17:01,880 --> 01:17:06,439
Speaker 3: harbor asset management is with us. Now Hey Shane, Hello, Heather. Okay,

1707
01:17:06,560 --> 01:17:09,120
Speaker 3: So the US Fed governor has opened the door to

1708
01:17:09,160 --> 01:17:10,800
Speaker 3: the rate cats. Did this on Friday. How did the

1709
01:17:10,800 --> 01:17:11,800
Speaker 3: markets react?

1710
01:17:12,120 --> 01:17:15,479
Speaker 26: Well, said he was speaking at this big jam barreo

1711
01:17:15,720 --> 01:17:19,759
Speaker 26: for economists and politicians called Jackson Hole. It was more dubbish.

1712
01:17:19,760 --> 01:17:22,000
Speaker 26: So he opened the door up for cuts in September.

1713
01:17:22,280 --> 01:17:25,439
Speaker 26: But he's not pre committing. The key change for markets

1714
01:17:25,640 --> 01:17:27,679
Speaker 26: was he's not just first to keep focusing on inflation.

1715
01:17:27,680 --> 01:17:30,080
Speaker 26: He's also talking about labor markets and there have been

1716
01:17:30,080 --> 01:17:33,960
Speaker 26: about week. He also talked about terraces and suggested that

1717
01:17:34,479 --> 01:17:37,080
Speaker 26: maybe it's less of an inflation rist and the previously

1718
01:17:37,120 --> 01:17:39,519
Speaker 26: talked about. But he's going to wait for some data

1719
01:17:39,560 --> 01:17:42,160
Speaker 26: here that is coming up this week on Friday, and

1720
01:17:42,160 --> 01:17:46,560
Speaker 26: news the on time what's called the Core Personal Expenditure

1721
01:17:46,680 --> 01:17:50,599
Speaker 26: measure that's out on Friday, and then in August, he's

1722
01:17:50,600 --> 01:17:53,280
Speaker 26: got the August unemployment data out middle of the month

1723
01:17:53,800 --> 01:17:56,360
Speaker 26: next month. I should say that'll be important to him.

1724
01:17:56,760 --> 01:18:00,439
Speaker 26: Pushing the button on go in September. Market liked it.

1725
01:18:00,520 --> 01:18:02,240
Speaker 26: We saw the US shear market up one and a

1726
01:18:02,240 --> 01:18:05,760
Speaker 26: half percent. US bond yields, this interest costs went down.

1727
01:18:06,160 --> 01:18:08,960
Speaker 26: UIs dollar went down as well. Not much of a

1728
01:18:09,040 --> 01:18:11,920
Speaker 26: pass through here, we're our shoemaker here today was about

1729
01:18:12,080 --> 01:18:14,960
Speaker 26: zero point three percent, but helpful. So, yeah, we've got

1730
01:18:14,960 --> 01:18:16,080
Speaker 26: an opening up of the taps.

1731
01:18:16,360 --> 01:18:18,599
Speaker 3: Did you see that retail sales data out today?

1732
01:18:19,400 --> 01:18:21,799
Speaker 26: Yeah, it was a surprise, you know, with the marketing

1733
01:18:21,880 --> 01:18:24,639
Speaker 26: in expecting a negative number, it actually came out positive,

1734
01:18:24,680 --> 01:18:28,040
Speaker 26: up zero point five percent for the quarter to a June.

1735
01:18:28,880 --> 01:18:31,479
Speaker 26: And even if if we take out automotive, which can

1736
01:18:31,479 --> 01:18:33,639
Speaker 26: be quite lumpy, it was up zero point seven percent.

1737
01:18:33,720 --> 01:18:36,280
Speaker 26: So we've got a bit of growth out there in retail.

1738
01:18:36,360 --> 01:18:38,559
Speaker 26: But you know, we just sort of look make the

1739
01:18:39,040 --> 01:18:41,719
Speaker 26: observation that retailers have been doing a lot of deals

1740
01:18:41,720 --> 01:18:45,080
Speaker 26: to stimulate activity. Everybody knows that qui's love a bargain

1741
01:18:45,120 --> 01:18:46,960
Speaker 26: and retailers have been working hard to do that. So

1742
01:18:47,960 --> 01:18:50,120
Speaker 26: just to pinch your salt theer, but nonetheless it does

1743
01:18:50,200 --> 01:18:52,479
Speaker 26: suggest that we've seen the bottom of the New Zealand economy.

1744
01:18:52,520 --> 01:18:54,280
Speaker 3: Yeah, how good please to hear that. Now, what did

1745
01:18:54,280 --> 01:18:55,600
Speaker 3: you make of today's company.

1746
01:18:55,320 --> 01:18:59,840
Speaker 26: Results, Yeah, actually pretty solid scales was this is the

1747
01:19:00,040 --> 01:19:02,800
Speaker 26: US on Horticulture and supply chain company. There was the

1748
01:19:02,800 --> 01:19:05,200
Speaker 26: best result on the day. Shap price is up three

1749
01:19:05,240 --> 01:19:09,280
Speaker 26: percent Courus. That obviously brings our broadband into our many

1750
01:19:09,280 --> 01:19:12,280
Speaker 26: of our homes. Stock price up two percent, mainly because

1751
01:19:12,280 --> 01:19:15,840
Speaker 26: it went into an Australied yar market index lines company

1752
01:19:15,880 --> 01:19:18,559
Speaker 26: Victor the ship Rice up two percent up. The company

1753
01:19:18,560 --> 01:19:21,439
Speaker 26: delivered a really good result and some positive dividend guidance.

1754
01:19:21,960 --> 01:19:24,759
Speaker 26: Industrial property own a property for industry. That share prices

1755
01:19:24,880 --> 01:19:27,280
Speaker 26: up one and a half percent. Good solid result, talk

1756
01:19:27,320 --> 01:19:30,960
Speaker 26: about more development. Share price of recreational vehicle. We're into

1757
01:19:31,000 --> 01:19:33,479
Speaker 26: company tourism holdings that was flat on the day, even

1758
01:19:33,520 --> 01:19:35,559
Speaker 26: though the company management team we're talking about, hey, thinks

1759
01:19:35,600 --> 01:19:37,679
Speaker 26: are getting bit better out there. We're seeing some improving

1760
01:19:38,200 --> 01:19:41,360
Speaker 26: rental demand. And finally still on Tube share price down

1761
01:19:41,479 --> 01:19:44,000
Speaker 26: just over four percent. A pretty weak result from them,

1762
01:19:44,160 --> 01:19:47,640
Speaker 26: really highlighting what's been a very tough diusy on economy.

1763
01:19:47,160 --> 01:19:48,559
Speaker 3: And so what do you make of how things have

1764
01:19:48,600 --> 01:19:50,879
Speaker 3: gone in this reporting season so far for US?

1765
01:19:51,320 --> 01:19:54,920
Speaker 26: Yeah, it's actually been better. We're actually seen better in

1766
01:19:54,960 --> 01:19:58,200
Speaker 26: that there's less negatives. That's a bit of a double

1767
01:19:59,520 --> 01:20:01,960
Speaker 26: many in there. We're seeing less negatives. Companies are heading

1768
01:20:02,280 --> 01:20:05,080
Speaker 26: expectations and a lot of that's about costs come in

1769
01:20:05,240 --> 01:20:08,880
Speaker 26: better and expected revenue still a bit choppy, but costs

1770
01:20:08,880 --> 01:20:11,080
Speaker 26: are coming in and any outlook statements they're pro It's

1771
01:20:11,080 --> 01:20:13,599
Speaker 26: still cautious, but not as cautious as they have been

1772
01:20:13,680 --> 01:20:14,639
Speaker 26: so generally better.

1773
01:20:14,800 --> 01:20:16,559
Speaker 3: Good stuff. Hey, Shane, always good to talk to you. Thanks,

1774
01:20:16,560 --> 01:20:18,160
Speaker 3: we'll talk to you next week. That Shane solely Harbor

1775
01:20:18,200 --> 01:20:21,080
Speaker 3: asset management. Those retail figures that came out today, they're

1776
01:20:21,080 --> 01:20:25,320
Speaker 3: from HSBC, and what they showed was retail was up

1777
01:20:25,439 --> 01:20:27,800
Speaker 3: zero point five percent quarter on quarter. Now, that is

1778
01:20:27,840 --> 01:20:31,080
Speaker 3: better than anybody thought. HSBC, which is always very very

1779
01:20:31,080 --> 01:20:34,520
Speaker 3: optimistic of late, they're definitely leading the charge in optimism.

1780
01:20:34,760 --> 01:20:36,240
Speaker 3: They thought it was going to come at zero point

1781
01:20:36,240 --> 01:20:38,080
Speaker 3: three percent, so it beats it at zero point five

1782
01:20:38,080 --> 01:20:40,280
Speaker 3: percent market as Shane was saying, thought it would be

1783
01:20:40,360 --> 01:20:43,360
Speaker 3: zero point three percent down. HSBC reckon. This is a

1784
01:20:43,400 --> 01:20:46,040
Speaker 3: sign that the Reserve Bank might be wrong with how

1785
01:20:46,080 --> 01:20:48,519
Speaker 3: miserable they were last week, and they reckon the start

1786
01:20:48,520 --> 01:20:50,599
Speaker 3: of the upswing that we're starting to see here six

1787
01:20:50,720 --> 01:20:51,320
Speaker 3: twenty three.

1788
01:20:51,240 --> 01:20:53,640
Speaker 2: Approaching the numbers and getting the results.

1789
01:20:53,880 --> 01:20:58,360
Speaker 1: It's Heather Duplan with the Business Hour and MAS for

1790
01:20:58,520 --> 01:21:00,240
Speaker 1: Trusted Home Ensurance Solutions.

1791
01:21:00,560 --> 01:21:02,280
Speaker 2: News talks'd be whither.

1792
01:21:02,360 --> 01:21:05,280
Speaker 3: I'm really sick of hearing winging about how bad businesses

1793
01:21:05,280 --> 01:21:07,679
Speaker 3: are doing and when you contact them, they don't bother

1794
01:21:07,760 --> 01:21:10,080
Speaker 3: to reply. For example, I'm trying to book a photographer

1795
01:21:10,080 --> 01:21:13,600
Speaker 3: on y heckare zero zip nada? Donna, Thank you, Donna,

1796
01:21:13,920 --> 01:21:17,320
Speaker 3: you speak my language. I'm shocked at the number of

1797
01:21:17,320 --> 01:21:20,040
Speaker 3: people out there who but maybe they've given up, like

1798
01:21:20,080 --> 01:21:22,080
Speaker 3: maybe it's past the point of no return for their

1799
01:21:22,080 --> 01:21:25,719
Speaker 3: business and they just stop stop answering the emails and stuff.

1800
01:21:25,720 --> 01:21:28,680
Speaker 3: But yeah, friend of mine and I, Rachel, she knows

1801
01:21:28,720 --> 01:21:31,160
Speaker 3: how she is. We love to winge about trades people

1802
01:21:31,200 --> 01:21:32,920
Speaker 3: not answering phone calls, and you think, oh, I thought

1803
01:21:32,920 --> 01:21:34,559
Speaker 3: it was tough out there, you needed all the business.

1804
01:21:34,600 --> 01:21:36,439
Speaker 3: But they just they say, oh, yeah, we'll come around tomorrow,

1805
01:21:36,520 --> 01:21:39,960
Speaker 3: and then they don't come around tomorrow. It's remarkable. Anyway, Hey,

1806
01:21:40,000 --> 01:21:42,360
Speaker 3: this is news that's just come out from TV and Z.

1807
01:21:43,200 --> 01:21:45,800
Speaker 3: They are going to launch a pay TV offering our

1808
01:21:45,880 --> 01:21:48,240
Speaker 3: last Sky TV. This is what they're doing now, They're

1809
01:21:48,240 --> 01:21:51,000
Speaker 3: going to coincide it with next year's FIFA World Cup,

1810
01:21:51,400 --> 01:21:53,320
Speaker 3: all of the all Whites matches are going to be

1811
01:21:53,320 --> 01:21:56,240
Speaker 3: available free. Some other selected games will be available free

1812
01:21:56,280 --> 01:21:58,280
Speaker 3: as well, but if you want to watch all of

1813
01:21:58,320 --> 01:22:00,400
Speaker 3: the matches at the World Cup, you'll need to pay

1814
01:22:00,400 --> 01:22:03,200
Speaker 3: for an event pass on TV and Z Plus. It's

1815
01:22:03,240 --> 01:22:06,760
Speaker 3: about bloody time. I'm stoked that they've got great content there.

1816
01:22:06,800 --> 01:22:08,600
Speaker 3: They need to put it behind the paywall, including a

1817
01:22:08,680 --> 01:22:17,720
Speaker 3: most importantly Bluey obviously six twenty seven in some showbiz news. No,

1818
01:22:17,880 --> 01:22:20,320
Speaker 3: I'm just jogging if it's not the Crown, but it's

1819
01:22:20,400 --> 01:22:22,559
Speaker 3: kind of like the Crown. It's the Royals. It's not

1820
01:22:22,600 --> 01:22:24,920
Speaker 3: the real Royals, it's the home brand Royals. It's Has

1821
01:22:25,000 --> 01:22:28,080
Speaker 3: and Mesa. They've got that big Netflix steel that that's

1822
01:22:28,320 --> 01:22:30,439
Speaker 3: worth apparently about one hundred million dollars and it's got,

1823
01:22:30,520 --> 01:22:33,839
Speaker 3: you know, brilliant content. It's created like with Love Megan,

1824
01:22:33,880 --> 01:22:36,400
Speaker 3: which no one's watched. But apparently they're now looking to

1825
01:22:36,400 --> 01:22:41,280
Speaker 3: do another documentary about Diana. It would likely involve interviews

1826
01:22:41,320 --> 01:22:43,800
Speaker 3: from Harry on his mum, who he wrote about in

1827
01:22:43,800 --> 01:22:44,360
Speaker 3: his memoir.

1828
01:22:44,640 --> 01:22:47,719
Speaker 28: Although my mother was a princess named after and goddess,

1829
01:22:48,000 --> 01:22:51,680
Speaker 28: both those terms always felt weak people routinely compared her

1830
01:22:51,760 --> 01:22:55,160
Speaker 28: to icons and saints, from Nelson Mandellen to Mother Teresa

1831
01:22:55,400 --> 01:22:58,759
Speaker 28: to join the varc but every such comparison, while lofty

1832
01:22:58,960 --> 01:22:59,720
Speaker 28: and loving.

1833
01:22:59,680 --> 01:23:03,519
Speaker 3: Also I can not wait. It would come out in

1834
01:23:03,560 --> 01:23:05,760
Speaker 3: two years, which would be thirty years since her death.

1835
01:23:06,080 --> 01:23:08,599
Speaker 3: Let's be honest. We're not interested in their lives. We're

1836
01:23:08,640 --> 01:23:12,360
Speaker 3: just interested in the lives of their family. So it's appropriate.

1837
01:23:12,680 --> 01:23:16,600
Speaker 3: News is next, whether.

1838
01:23:16,360 --> 01:23:20,400
Speaker 1: It's macro microbe or just plain economics. It's all on

1839
01:23:20,439 --> 01:23:24,320
Speaker 1: the Business Hour with Heather Duplicy, Hellen and Mas for

1840
01:23:24,520 --> 01:23:28,479
Speaker 1: Trusted Home Insurance Solutions. These talks that be can here

1841
01:23:28,600 --> 01:23:29,160
Speaker 1: you were.

1842
01:23:29,120 --> 01:23:32,360
Speaker 14: My head when I'm dreaming you.

1843
01:23:37,600 --> 01:23:40,120
Speaker 3: A number of stories I'm getting, by the way, on

1844
01:23:40,160 --> 01:23:42,479
Speaker 3: the text about prescription mets. Either I got home from

1845
01:23:42,479 --> 01:23:45,240
Speaker 3: the pharmacy with the dose of opioids that were four

1846
01:23:45,280 --> 01:23:47,519
Speaker 3: times the amount that the doctor prescribed. In a phone

1847
01:23:47,520 --> 01:23:50,000
Speaker 3: call to the pharmacy said, oh sorry about that, just

1848
01:23:50,040 --> 01:23:51,760
Speaker 3: bring them back. I'll give you the correct ones. Well,

1849
01:23:51,960 --> 01:23:54,200
Speaker 3: but to be fair, what do you expect them to say?

1850
01:23:54,240 --> 01:23:56,920
Speaker 3: This is their job, Like if I get something wrong,

1851
01:23:56,960 --> 01:24:01,080
Speaker 3: I'd be like, oh sorry, did I defame you? Oh?

1852
01:24:01,360 --> 01:24:04,760
Speaker 3: Oh sorry, yeah, sorry about that. What else can I do.

1853
01:24:05,160 --> 01:24:07,360
Speaker 3: That's the risk of my job. They give you drugs

1854
01:24:07,360 --> 01:24:08,480
Speaker 3: that can kill you.

1855
01:24:07,880 --> 01:24:08,680
Speaker 2: You know.

1856
01:24:08,720 --> 01:24:10,760
Speaker 3: It's not like the builder who just put the wrong

1857
01:24:10,880 --> 01:24:12,719
Speaker 3: I don't know, the painter who painted at the wrong color.

1858
01:24:12,720 --> 01:24:15,840
Speaker 3: Oh sorry, I'll fix it, you know. Anyway, This is

1859
01:24:15,880 --> 01:24:18,559
Speaker 3: why I say, double check, double check, double check what

1860
01:24:18,600 --> 01:24:20,599
Speaker 3: they do because it can kill you. Twenty four away

1861
01:24:20,600 --> 01:24:23,880
Speaker 3: from seven Heather do for Clen Tough Annuel result for

1862
01:24:23,920 --> 01:24:26,880
Speaker 3: Tourism Holdings today, but the Campathan company is still bullish

1863
01:24:26,920 --> 01:24:30,040
Speaker 3: about the future. THHL has posted a net loss after

1864
01:24:30,160 --> 01:24:33,120
Speaker 3: tax of nearly twenty six million dollars, but that includes

1865
01:24:33,160 --> 01:24:35,519
Speaker 3: a number of one off adjustments as such as non

1866
01:24:35,560 --> 01:24:37,839
Speaker 3: cash impairments and so on. The company is still confident

1867
01:24:37,840 --> 01:24:40,200
Speaker 3: that it will exceed one hundred million dollar net profit

1868
01:24:40,560 --> 01:24:43,120
Speaker 3: after tax a year on average over the next three

1869
01:24:43,120 --> 01:24:46,320
Speaker 3: to four years. Grant Webster is Tourism Holding CEO.

1870
01:24:46,000 --> 01:24:48,559
Speaker 8: And with us, Hey, Grant, good a, how are you.

1871
01:24:48,640 --> 01:24:50,320
Speaker 3: I'm well? Thank you? Do you reckon You're through the

1872
01:24:50,320 --> 01:24:50,840
Speaker 3: worst of it?

1873
01:24:51,720 --> 01:24:54,559
Speaker 25: Yeah, we do. We think that we've passed the bottom

1874
01:24:54,560 --> 01:24:57,280
Speaker 25: of the cycle learnings and as we say, you know,

1875
01:24:57,439 --> 01:24:59,840
Speaker 25: it's an inflection point. We're ready to charge a head.

1876
01:25:00,200 --> 01:25:01,840
Speaker 3: Why do you think you're through the worst of it.

1877
01:25:02,680 --> 01:25:05,760
Speaker 25: Well, look, the first primary thing is we're a core

1878
01:25:05,840 --> 01:25:09,200
Speaker 25: of our business is about rental revenue and that tourism

1879
01:25:09,360 --> 01:25:12,960
Speaker 25: environment still remains really really positive. Then, on top of that,

1880
01:25:13,200 --> 01:25:16,680
Speaker 25: we've got ahead of the sort of the fleet excess

1881
01:25:16,680 --> 01:25:18,800
Speaker 25: issues that we've had over the last of the twelve

1882
01:25:18,880 --> 01:25:21,040
Speaker 25: eighteen months. And the third one is we've got some

1883
01:25:21,080 --> 01:25:23,120
Speaker 25: really good cost savings coming through the business. So you

1884
01:25:23,160 --> 01:25:25,960
Speaker 25: put those three things together and it definitely looks more

1885
01:25:26,000 --> 01:25:27,160
Speaker 25: positive than the outlook.

1886
01:25:27,400 --> 01:25:29,960
Speaker 3: Did I see somewhere that you're considering or are selling

1887
01:25:30,040 --> 01:25:31,080
Speaker 3: off the UK division.

1888
01:25:32,200 --> 01:25:35,040
Speaker 25: It's under I know that it's political terms, but it's

1889
01:25:35,120 --> 01:25:37,880
Speaker 25: under strategic review, so we're not saying definitely that we'll

1890
01:25:37,880 --> 01:25:40,960
Speaker 25: sell it. But look, that business has got about sixty

1891
01:25:40,960 --> 01:25:43,800
Speaker 25: million dollars worth of funds New Zealand dollars and it's

1892
01:25:43,960 --> 01:25:45,760
Speaker 25: not delivering a profit, has it for a little while.

1893
01:25:45,760 --> 01:25:48,479
Speaker 25: So it's right for us to challenge ourselves pretty harshly

1894
01:25:48,520 --> 01:25:50,880
Speaker 25: on where it sits and why it's with the business.

1895
01:25:51,040 --> 01:25:54,040
Speaker 3: Yeah, what about the tariffs? How are you finding them?

1896
01:25:55,120 --> 01:25:59,679
Speaker 25: Well, not a lot of fun, to be fair, I guess,

1897
01:25:59,680 --> 01:26:03,040
Speaker 25: you know, interesting customers from the EU to the US

1898
01:26:03,640 --> 01:26:07,680
Speaker 25: have been talking about price borders, and you know the

1899
01:26:07,720 --> 01:26:11,599
Speaker 25: tariff's being the Trump drifector, So what what is it

1900
01:26:11,680 --> 01:26:14,120
Speaker 25: that really motivates and go to the US. At the moment,

1901
01:26:14,200 --> 01:26:16,880
Speaker 25: it's it's been challenging this year, but we see some

1902
01:26:17,040 --> 01:26:19,599
Speaker 25: upside next year, but not for a few months to come.

1903
01:26:19,920 --> 01:26:22,120
Speaker 3: Hey, what happened to the buyout? Why did that fall over?

1904
01:26:23,720 --> 01:26:24,040
Speaker 16: Well?

1905
01:26:24,520 --> 01:26:27,400
Speaker 25: On August the fourth, we gave the feedback to BGH

1906
01:26:27,479 --> 01:26:30,920
Speaker 25: Consortium that we thought the value of TL was well

1907
01:26:31,040 --> 01:26:33,719
Speaker 25: north of three dollars. They had offered two dollars thirty

1908
01:26:33,760 --> 01:26:37,240
Speaker 25: this year, so it's been quite since then, so we'll

1909
01:26:37,240 --> 01:26:38,200
Speaker 25: see what happens from here.

1910
01:26:38,400 --> 01:26:41,040
Speaker 3: Okay, do you are you expecting something else, maybe like

1911
01:26:41,080 --> 01:26:41,839
Speaker 3: a little rethink?

1912
01:26:43,400 --> 01:26:45,800
Speaker 25: Well, no doubt they are thinking to some extent, but

1913
01:26:46,200 --> 01:26:48,960
Speaker 25: we know from watching what they do with other situations

1914
01:26:49,000 --> 01:26:53,200
Speaker 25: that they'll either hold and watch or who knows what.

1915
01:26:53,439 --> 01:26:56,360
Speaker 25: So not really for us to speculate, but it'll be interesting.

1916
01:26:56,840 --> 01:26:58,439
Speaker 3: Grant, what do you reckon we need to do to

1917
01:26:58,439 --> 01:27:00,599
Speaker 3: get tourists back in the in this country the way

1918
01:27:00,600 --> 01:27:03,360
Speaker 3: that they were with us pre COVID. Is that even

1919
01:27:03,360 --> 01:27:05,000
Speaker 3: a good idea?

1920
01:27:05,160 --> 01:27:07,759
Speaker 25: Yes, it's a good idea. We have plenty of space

1921
01:27:07,800 --> 01:27:11,120
Speaker 25: and availability in this country. We can definitely get back

1922
01:27:11,120 --> 01:27:14,360
Speaker 25: to our pre COVID level numbers and beyond. Yes, there

1923
01:27:14,360 --> 01:27:16,479
Speaker 25: are some infrastructure things that need to be sorted out

1924
01:27:16,479 --> 01:27:19,200
Speaker 25: in places like Queenstown, but don't let that stop the

1925
01:27:19,240 --> 01:27:23,200
Speaker 25: ambition of tourism getting ahead of dairy again from an

1926
01:27:23,200 --> 01:27:26,439
Speaker 25: export earning perspective, So what do we need to do.

1927
01:27:27,120 --> 01:27:30,120
Speaker 25: We need to increase their capacity and that's been an issue.

1928
01:27:30,120 --> 01:27:32,400
Speaker 25: We need to invest in events, and we need out

1929
01:27:32,439 --> 01:27:35,120
Speaker 25: the cruise industry, and we do those three things and

1930
01:27:35,200 --> 01:27:37,680
Speaker 25: I think you'll see that numbers will really start to

1931
01:27:37,680 --> 01:27:38,520
Speaker 25: increase dramatically.

1932
01:27:38,560 --> 01:27:41,760
Speaker 3: Are you talking about investing in events in Auckland in particular.

1933
01:27:42,560 --> 01:27:44,839
Speaker 25: Well, Auckland is the center of events in the country,

1934
01:27:44,840 --> 01:27:47,640
Speaker 25: but you look in December last year, we had a

1935
01:27:47,680 --> 01:27:51,760
Speaker 25: record December because of the World iron Man Games that

1936
01:27:51,800 --> 01:27:54,800
Speaker 25: were on in Tolpo. So it doesn't have to be

1937
01:27:54,880 --> 01:27:57,320
Speaker 25: Auckland centric. It can be across the country. To look

1938
01:27:57,320 --> 01:27:58,960
Speaker 25: at the fief of Woman's World Cup, that made a

1939
01:27:59,080 --> 01:28:02,559
Speaker 25: huge difference across country. So left like overly Auckland centric,

1940
01:28:02,920 --> 01:28:05,240
Speaker 25: but of course that's where most of the events are held.

1941
01:28:05,360 --> 01:28:07,160
Speaker 3: I'm trying to figure out what went wrong. I mean,

1942
01:28:07,160 --> 01:28:09,080
Speaker 3: we had all of these fantastic events and now we

1943
01:28:09,080 --> 01:28:10,400
Speaker 3: don't anymore. So what happened?

1944
01:28:11,040 --> 01:28:11,880
Speaker 25: We stopped funding it?

1945
01:28:12,479 --> 01:28:13,120
Speaker 3: Who did.

1946
01:28:14,439 --> 01:28:14,679
Speaker 5: Well?

1947
01:28:14,720 --> 01:28:17,840
Speaker 25: Across the board? We the government funding that was going

1948
01:28:17,840 --> 01:28:22,320
Speaker 25: into large scale events reduced and we haven't been supporting

1949
01:28:22,360 --> 01:28:24,519
Speaker 25: them to the same extent, from both local councils and

1950
01:28:24,560 --> 01:28:25,160
Speaker 25: central government.

1951
01:28:25,320 --> 01:28:27,439
Speaker 3: Okay, I know that Auckland Council's funding dropped off, but

1952
01:28:27,479 --> 01:28:29,880
Speaker 3: are you saying the government's central governments funding dropped off too.

1953
01:28:30,680 --> 01:28:33,639
Speaker 25: We have not had the same amount of major event

1954
01:28:33,760 --> 01:28:36,880
Speaker 25: funding as we did pre COVID.

1955
01:28:37,120 --> 01:28:39,320
Speaker 3: Okay, yeah, yeah, I think you might have a good

1956
01:28:39,360 --> 01:28:41,800
Speaker 3: point there actually, And how do you feel about the

1957
01:28:41,800 --> 01:28:44,200
Speaker 3: economy in New Zealander? Reckon, We've turned a corner.

1958
01:28:45,200 --> 01:28:48,879
Speaker 25: Oh, turning slowly. It's interesting, As you know, THL operates

1959
01:28:48,920 --> 01:28:52,240
Speaker 25: around the world. We certainly see Australia as in a

1960
01:28:52,240 --> 01:28:55,160
Speaker 25: better place than New Zealand right at the moment, and

1961
01:28:55,240 --> 01:28:57,000
Speaker 25: from a tourism perspective, I think it's got a really

1962
01:28:57,040 --> 01:29:01,040
Speaker 25: positive few years to hit. Canada actually has all the

1963
01:29:01,280 --> 01:29:05,479
Speaker 25: terriff issues going on, but feels reasonably positive. New Zealand

1964
01:29:05,840 --> 01:29:09,439
Speaker 25: definitely turning the corner. We've seen that in our action

1965
01:29:09,560 --> 01:29:13,320
Speaker 25: manufacturing businesses starting to get some contracts and transport and

1966
01:29:13,360 --> 01:29:16,200
Speaker 25: so forth again, so starting to turn the corner bit

1967
01:29:16,280 --> 01:29:17,920
Speaker 25: some time to come, you know.

1968
01:29:18,040 --> 01:29:20,320
Speaker 3: Grant, I feel like obviously a lot of what we've

1969
01:29:20,360 --> 01:29:23,640
Speaker 3: gone through is the whiplash that is the result of

1970
01:29:23,680 --> 01:29:25,320
Speaker 3: all of the COVID spending and stuff like that. So

1971
01:29:25,320 --> 01:29:29,280
Speaker 3: there's been like really crappy management of the economy, both

1972
01:29:29,280 --> 01:29:32,040
Speaker 3: fiscally and monetary that we're now paying for. But I

1973
01:29:32,080 --> 01:29:34,360
Speaker 3: wonder also, I'm starting to feel as if maybe some

1974
01:29:34,439 --> 01:29:37,080
Speaker 3: of this is us just having to take the medicine

1975
01:29:37,120 --> 01:29:39,600
Speaker 3: for some bad things we've been doing, like investing in

1976
01:29:39,640 --> 01:29:42,240
Speaker 3: housing and stuff, and perhaps this is a correction that

1977
01:29:42,280 --> 01:29:43,719
Speaker 3: we've been that's long overdue.

1978
01:29:43,840 --> 01:29:47,760
Speaker 25: Is that possible, Oh, look, it's entirely possible. I think

1979
01:29:47,840 --> 01:29:51,559
Speaker 25: when you look at New Zealand's ambition, it feels like

1980
01:29:51,640 --> 01:29:53,840
Speaker 25: that's a bit of what we've lost. Yeah, you know,

1981
01:29:54,360 --> 01:29:56,479
Speaker 25: you look at that attitude to say, actually, we're going

1982
01:29:56,520 --> 01:29:57,960
Speaker 25: to take on the rest of the world, We're going

1983
01:29:58,040 --> 01:30:01,799
Speaker 25: to grow into other countries. You know, all everything seems

1984
01:30:01,800 --> 01:30:04,840
Speaker 25: sluggish and so yeah, I look, I'm a firm believer

1985
01:30:04,960 --> 01:30:08,519
Speaker 25: and the whole Let's stay positive, let's be realistic about

1986
01:30:08,560 --> 01:30:11,120
Speaker 25: where we are, and I think tourism is a good

1987
01:30:11,280 --> 01:30:15,120
Speaker 25: example of that. Right, we really can grow this economy

1988
01:30:15,120 --> 01:30:17,479
Speaker 25: if we're open to these kinds of tourism opportunities. So

1989
01:30:17,600 --> 01:30:18,320
Speaker 25: let's get on with it.

1990
01:30:18,360 --> 01:30:20,439
Speaker 3: So what is it that caused us to lose our ambition?

1991
01:30:21,920 --> 01:30:25,400
Speaker 25: I do personally, I definitely think it was just that

1992
01:30:25,560 --> 01:30:28,400
Speaker 25: drag of COVID And for some reason, when I look

1993
01:30:28,439 --> 01:30:31,200
Speaker 25: around the rest of the world, other countries just and

1994
01:30:31,479 --> 01:30:34,919
Speaker 25: I travel a fair bit for this business, other countries

1995
01:30:35,080 --> 01:30:37,639
Speaker 25: feel like they've just leent into things and just got

1996
01:30:37,680 --> 01:30:39,560
Speaker 25: on with things. To a greater extent, we seem to

1997
01:30:39,600 --> 01:30:41,080
Speaker 25: have got ourselves into a bit of a rut. But

1998
01:30:42,000 --> 01:30:44,080
Speaker 25: as you said, maybe turning the corner.

1999
01:30:44,200 --> 01:30:46,160
Speaker 3: Yeah, hopefully. Hey, Grant, thank you was always I really

2000
01:30:46,200 --> 01:30:48,839
Speaker 3: appreciate talking to you. That's Grant Webster, Tourism Holding CEO.

2001
01:30:48,920 --> 01:30:50,800
Speaker 3: It's coming up seventeen away from seven.

2002
01:30:50,960 --> 01:30:53,320
Speaker 2: Heather do for sel Mary Richardson.

2003
01:30:53,960 --> 01:30:56,880
Speaker 3: Shout out to Mary Richardson, who was the CEO of

2004
01:30:56,920 --> 01:30:58,840
Speaker 3: christ Church City Council. I'll tell you what, it's not

2005
01:30:58,880 --> 01:31:00,479
Speaker 3: every day on the show that you get shout out

2006
01:31:00,520 --> 01:31:02,360
Speaker 3: to a city council at least of all the CEO

2007
01:31:02,439 --> 01:31:04,519
Speaker 3: of a city council, but this one deserves it. She

2008
01:31:04,720 --> 01:31:08,040
Speaker 3: took over from Dawn who was the CEO there before,

2009
01:31:08,200 --> 01:31:10,120
Speaker 3: and then she took at Dawn Baxendale by the way,

2010
01:31:10,320 --> 01:31:12,559
Speaker 3: and then she took over as the interim CEO. This

2011
01:31:12,640 --> 01:31:15,760
Speaker 3: is Mary and filled in there for a little week

2012
01:31:15,800 --> 01:31:18,080
Speaker 3: while they were like, Mary's doing a good job. Mary,

2013
01:31:18,080 --> 01:31:19,880
Speaker 3: would you like to be the CEO? And she's like yep.

2014
01:31:20,240 --> 01:31:22,000
Speaker 3: And they were like, would you like a pay increase?

2015
01:31:22,040 --> 01:31:25,680
Speaker 3: And she said no. Who Ever says no to a

2016
01:31:25,720 --> 01:31:28,720
Speaker 3: pay increase, Mary says no to a pay increase. She

2017
01:31:28,800 --> 01:31:32,280
Speaker 3: says leadership in public service isn't just about delivering results,

2018
01:31:32,680 --> 01:31:36,360
Speaker 3: it's about upholding values. It is important to acknowledge the

2019
01:31:36,400 --> 01:31:40,320
Speaker 3: realities our community is facing, especially the financial press says

2020
01:31:40,680 --> 01:31:45,040
Speaker 3: many residents are currently experiencing. Now, how much of a

2021
01:31:45,120 --> 01:31:48,759
Speaker 3: legiond is Mary for saying that because rates have shot

2022
01:31:48,840 --> 01:31:51,479
Speaker 3: up massively, so is christ Church. You don't know how

2023
01:31:51,560 --> 01:31:54,200
Speaker 3: lucky you are to have a CEO like that who's

2024
01:31:54,200 --> 01:31:56,640
Speaker 3: prepared to not take the pay increase so that you

2025
01:31:56,680 --> 01:31:59,000
Speaker 3: don't have to pay the rate increase to pay for it?

2026
01:31:59,040 --> 01:32:01,720
Speaker 3: What an absolute champion. More of that please? Sixteen away

2027
01:32:01,760 --> 01:32:03,480
Speaker 3: from seven Everything.

2028
01:32:03,040 --> 01:32:05,280
Speaker 2: From SMS to the big corporates.

2029
01:32:05,720 --> 01:32:10,000
Speaker 1: A business hour with Hither duplic Ellen ands for Trusted

2030
01:32:10,040 --> 01:32:12,320
Speaker 1: Home Insurance Solutions, News Talks.

2031
01:32:12,160 --> 01:32:14,960
Speaker 3: Env Either I had someone else's name or my prescription

2032
01:32:15,040 --> 01:32:17,040
Speaker 3: last week, Well, as long as it was the right prescription, Chris.

2033
01:32:17,120 --> 01:32:18,640
Speaker 3: I'm not too worried. It's not going to kill you,

2034
01:32:18,720 --> 01:32:21,960
Speaker 3: is it? Thirteen away from seven Gavin Gray, UK correspondent

2035
01:32:22,000 --> 01:32:25,120
Speaker 3: with US. Now, Heykevin, hither have that right? So if

2036
01:32:25,160 --> 01:32:27,320
Speaker 3: you've been convicted of a crime, is it possible that

2037
01:32:27,360 --> 01:32:29,280
Speaker 3: you might not end up you might be you might

2038
01:32:29,360 --> 01:32:31,040
Speaker 3: end up being unable to go to a parb or

2039
01:32:31,040 --> 01:32:32,280
Speaker 3: a concert or sports match.

2040
01:32:33,320 --> 01:32:35,680
Speaker 24: This is what the government are looking at, yes, So

2041
01:32:36,040 --> 01:32:39,519
Speaker 24: non custodial terms is the thing, in other words, where

2042
01:32:39,520 --> 01:32:43,759
Speaker 24: a court imposes a sentence which is in a prison sentence,

2043
01:32:44,280 --> 01:32:46,720
Speaker 24: and the reforms that the government is looking at here

2044
01:32:46,720 --> 01:32:50,839
Speaker 24: in the UK are effectively going to give those courts

2045
01:32:50,920 --> 01:32:54,879
Speaker 24: more power to hand out things like driving and travel bands,

2046
01:32:55,200 --> 01:32:58,480
Speaker 24: as well as offenders being told to remain in specific

2047
01:32:58,600 --> 01:33:02,799
Speaker 24: areas and that could mean yeah, that they can't go driving,

2048
01:33:02,880 --> 01:33:06,960
Speaker 24: that they can't go abroad traveling, and also that in

2049
01:33:07,840 --> 01:33:12,800
Speaker 24: certain certain circumstances, it's thought that that might be a

2050
01:33:12,840 --> 01:33:16,479
Speaker 24: ban on pubs, concerts, and sports matches, things that matter

2051
01:33:16,600 --> 01:33:20,120
Speaker 24: to certain people, and therefore they will think potentially twice

2052
01:33:20,200 --> 01:33:24,000
Speaker 24: is the theory about committing a crime. There was a

2053
01:33:24,040 --> 01:33:27,560
Speaker 24: review of a sentencing policy recently which came out recommending

2054
01:33:27,840 --> 01:33:32,160
Speaker 24: fewer custodial sentences for less serious offenses. Why we have

2055
01:33:32,320 --> 01:33:36,400
Speaker 24: got massively overcrowded presence here, They're simply out of capacity.

2056
01:33:36,479 --> 01:33:39,080
Speaker 24: So we've already been reporting, haven't we, on how some

2057
01:33:39,200 --> 01:33:43,120
Speaker 24: prisoners are being released earlier through their sentences, And now

2058
01:33:43,120 --> 01:33:44,960
Speaker 24: we're getting this idea that fewer people are going to

2059
01:33:44,960 --> 01:33:47,360
Speaker 24: be sent to prison in the first place. Everyone is

2060
01:33:47,400 --> 01:33:50,639
Speaker 24: not comfortable with this, but I think you do hear

2061
01:33:50,680 --> 01:33:53,040
Speaker 24: of a number of people who have been sentenced to prison,

2062
01:33:53,120 --> 01:33:55,120
Speaker 24: you think is that really the best way to have

2063
01:33:55,200 --> 01:33:55,720
Speaker 24: dealt with them?

2064
01:33:55,960 --> 01:33:58,240
Speaker 3: So I see France is upset with Charles Koshner.

2065
01:33:59,479 --> 01:34:00,759
Speaker 2: Yeah, very upset.

2066
01:34:01,479 --> 01:34:05,679
Speaker 24: And this is all over a letter, an open letter

2067
01:34:05,720 --> 01:34:09,680
Speaker 24: that he wrote in the Wall Street Journal. It was

2068
01:34:09,760 --> 01:34:11,880
Speaker 24: a letter, an open letter that he wrote to the

2069
01:34:11,920 --> 01:34:17,439
Speaker 24: French President Emmanuel Macron, in which he basically criticized France

2070
01:34:17,560 --> 01:34:21,679
Speaker 24: for failing to tackle a surge in anti Semitism. Now,

2071
01:34:21,880 --> 01:34:24,759
Speaker 24: of course, the name is very familiar, Charles Kushner. He

2072
01:34:24,840 --> 01:34:29,800
Speaker 24: is the father of the US Donald Trump's daughter Ivanka,

2073
01:34:30,920 --> 01:34:35,679
Speaker 24: and sorry, his son is married to Donald Trump's daughter Ivanka.

2074
01:34:36,120 --> 01:34:39,160
Speaker 24: And Charles Kushner is also the US Ambassador of Paris.

2075
01:34:40,080 --> 01:34:43,040
Speaker 24: And Kushner said there had been an explosion of hatred

2076
01:34:43,160 --> 01:34:47,200
Speaker 24: towards Jews in France since the war in Gaza began.

2077
01:34:48,200 --> 01:34:50,960
Speaker 24: And he carried on really criticizing pretty much in this

2078
01:34:51,080 --> 01:34:54,080
Speaker 24: letter what have been going on, said that he stood

2079
01:34:54,120 --> 01:34:57,000
Speaker 24: ready to work with Emmanuel Macron and other French leaders

2080
01:34:57,040 --> 01:35:00,320
Speaker 24: to forge a serious plan to tackle it. In France,

2081
01:35:00,360 --> 01:35:02,920
Speaker 24: he said, and I quote, not a day passes without

2082
01:35:03,000 --> 01:35:06,920
Speaker 24: Jews assaulted in the streets, synagogues or schools faced, or

2083
01:35:07,040 --> 01:35:10,839
Speaker 24: Jewish owned businesses vandalized. Your own Interior ministry has reported

2084
01:35:10,880 --> 01:35:14,360
Speaker 24: anti Semitic incidents, even at preschools. And he said it's

2085
01:35:14,360 --> 01:35:16,800
Speaker 24: not good enough. France isn't doing enough to stop this,

2086
01:35:17,160 --> 01:35:20,880
Speaker 24: and Macron has got very very upset and annoyed, so

2087
01:35:20,920 --> 01:35:24,080
Speaker 24: they've summoned the US ambassador for those talks. Be very

2088
01:35:24,080 --> 01:35:25,240
Speaker 24: interesting to be a fly.

2089
01:35:25,200 --> 01:35:25,599
Speaker 2: On the wall.

2090
01:35:25,640 --> 01:35:29,519
Speaker 24: There is he right or wrong? Well, I'm afraid to

2091
01:35:29,560 --> 01:35:32,559
Speaker 24: say that along with the UK and other European countries,

2092
01:35:32,600 --> 01:35:36,439
Speaker 24: we are seeing a rise in anti Semitic crime owing

2093
01:35:36,439 --> 01:35:39,679
Speaker 24: to the fact that people are so infuriated about what's

2094
01:35:39,720 --> 01:35:43,760
Speaker 24: happening in Gaza, and many do not believe the Israeli

2095
01:35:43,800 --> 01:35:48,080
Speaker 24: States official verdict of the getting food supplies in. And

2096
01:35:48,160 --> 01:35:51,840
Speaker 24: that said, are France doing enough? You know, it's one

2097
01:35:51,880 --> 01:35:54,320
Speaker 24: of those things that is very difficult, isn't it to

2098
01:35:54,360 --> 01:35:57,840
Speaker 24: try and stamp out and stop. But the idea that

2099
01:35:58,160 --> 01:36:01,160
Speaker 24: I think France is doing nothing is very unp It's

2100
01:36:01,240 --> 01:36:04,639
Speaker 24: possible that they just perhaps aren't putting enough effort into

2101
01:36:04,720 --> 01:36:07,559
Speaker 24: finding those responsible for some of these incidents of vandalism.

2102
01:36:07,760 --> 01:36:09,559
Speaker 3: Yeah, hey, thank you very much Keavin for running us

2103
01:36:09,560 --> 01:36:14,200
Speaker 3: through that. That's Kevin Gray, UK correspondent. Chorus just click

2104
01:36:14,240 --> 01:36:16,439
Speaker 3: update on more reporting today. Chorus back in the black.

2105
01:36:16,800 --> 01:36:19,120
Speaker 3: Four million dollar net profit for the year to June.

2106
01:36:19,200 --> 01:36:21,360
Speaker 3: That's compared to last year's loss of nine million, So

2107
01:36:21,360 --> 01:36:23,519
Speaker 3: they'll be pretty pleased about that. Got there by cutting

2108
01:36:23,520 --> 01:36:27,439
Speaker 3: stuff and some strong cost management. Full year dividend not

2109
01:36:27,560 --> 01:36:31,280
Speaker 3: bad dividend actually fifty seven point five cents per year

2110
01:36:31,520 --> 01:36:32,400
Speaker 3: nine away from seven.

2111
01:36:33,560 --> 01:36:34,519
Speaker 2: It's the heather too.

2112
01:36:34,520 --> 01:36:38,639
Speaker 1: For see allan Drive full show podcast on iHeartRadio powered

2113
01:36:38,640 --> 01:36:39,719
Speaker 1: by newstalk ZEBBI.

2114
01:36:41,360 --> 01:36:46,160
Speaker 3: Here here's another one with the pharmacy problem. Jase from Queenstown.

2115
01:36:46,200 --> 01:36:46,320
Speaker 2: Here.

2116
01:36:46,360 --> 01:36:48,240
Speaker 3: A few years back, I had an operation and I'm

2117
01:36:48,280 --> 01:36:50,360
Speaker 3: in recovery from addiction, and I made it very clear

2118
01:36:50,400 --> 01:36:54,479
Speaker 3: not to give me any OPI eight opioid opioid, opiate

2119
01:36:54,720 --> 01:36:58,519
Speaker 3: obeit op obeit. Thanks Hans, opiate based painkillers. All the

2120
01:36:58,520 --> 01:37:01,080
Speaker 3: person prescribing the meds didn't I think that they needed

2121
01:37:01,080 --> 01:37:02,760
Speaker 3: to be held up to that, and prescribe me a

2122
01:37:02,840 --> 01:37:05,640
Speaker 3: very strong opiate based painkiller. And thankfully, my chemist, who

2123
01:37:05,640 --> 01:37:08,000
Speaker 3: knows my recovery journey, questions if that's what I wanted

2124
01:37:08,439 --> 01:37:10,120
Speaker 3: or not knowing my history, my chemists help me in

2125
01:37:10,120 --> 01:37:12,880
Speaker 3: that sense. I don't know what anyway, this this text

2126
01:37:12,880 --> 01:37:14,840
Speaker 3: no longer makes any sense to me, Jason, but I

2127
01:37:14,840 --> 01:37:17,760
Speaker 3: get the point. The point is the chemist helped you out,

2128
01:37:17,760 --> 01:37:19,760
Speaker 3: and there's a case of a chemist knowing what they

2129
01:37:19,800 --> 01:37:23,120
Speaker 3: need to know. By the way, can I just say

2130
01:37:23,920 --> 01:37:27,040
Speaker 3: I was very pleased this morning when I was listening

2131
01:37:27,040 --> 01:37:31,120
Speaker 3: to Ted talking to Mike and Ted said this about rugby.

2132
01:37:31,360 --> 01:37:33,479
Speaker 16: I think the rule book's too complicated. I think they

2133
01:37:33,479 --> 01:37:37,080
Speaker 16: should blow it up and start again. Quite frankly, Now.

2134
01:37:37,000 --> 01:37:40,600
Speaker 3: Why I was thrilled about that is because, yes, I

2135
01:37:41,080 --> 01:37:43,240
Speaker 3: do say that a lot on this show. I say

2136
01:37:43,280 --> 01:37:45,320
Speaker 3: it a lot, and I say the rules suck, but

2137
01:37:45,360 --> 01:37:48,080
Speaker 3: nobody listens to me because I'm a girl from the office.

2138
01:37:48,080 --> 01:37:50,400
Speaker 3: They're like, oh, listen to that girl. Oh what does

2139
01:37:50,439 --> 01:37:52,400
Speaker 3: she do? She sits around in an office ordation, didn't

2140
01:37:52,400 --> 01:37:54,479
Speaker 3: know what she's talking about. She didn't know rugby. Then

2141
01:37:54,520 --> 01:37:56,840
Speaker 3: Ted says it, and they go bang on, bang on,

2142
01:37:57,600 --> 01:38:01,040
Speaker 3: and look, I understand that's human nature. I know it's fine.

2143
01:38:01,080 --> 01:38:05,439
Speaker 3: I mean Ted has more credibility in rugby than I do,

2144
01:38:05,960 --> 01:38:09,200
Speaker 3: for very good reason. But I just want to point

2145
01:38:09,240 --> 01:38:12,000
Speaker 3: out that when Ted said that, I have been saying

2146
01:38:12,040 --> 01:38:14,320
Speaker 3: that for a long time, and maybe I'm not as

2147
01:38:14,400 --> 01:38:17,799
Speaker 3: dumb as you think I am. Pauline, when you text

2148
01:38:17,840 --> 01:38:20,000
Speaker 3: me every single time I talk about Rugby that I

2149
01:38:20,080 --> 01:38:22,280
Speaker 3: must shut up and never talk about rugby again, just

2150
01:38:22,400 --> 01:38:25,720
Speaker 3: saying I said the same thing that Ted said, adds.

2151
01:38:26,040 --> 01:38:28,040
Speaker 8: I like Pauling's persistence as well. You're clearly not going

2152
01:38:28,040 --> 01:38:31,719
Speaker 8: to stop with a single time every time. Goodnesspeak Pauling,

2153
01:38:32,439 --> 01:38:35,519
Speaker 8: Nick Cave and the Bad Seeds coming to New Zealand.

2154
01:38:35,760 --> 01:38:38,120
Speaker 8: It's their first time in this part of the world

2155
01:38:38,160 --> 01:38:42,200
Speaker 8: since twenty seventeen. They'll be doing two shows at tesB

2156
01:38:42,320 --> 01:38:45,040
Speaker 8: Arena and Wellington. Wellington's got this one. Actually, they haven't

2157
01:38:45,040 --> 01:38:46,920
Speaker 8: announced any shows for the rest of the country as yet.

2158
01:38:48,000 --> 01:38:50,639
Speaker 8: Thursday the fifth of February and White Tonguey date Friday

2159
01:38:50,680 --> 01:38:53,120
Speaker 8: the sixth of February. Next year. They're also doing a

2160
01:38:53,160 --> 01:38:55,720
Speaker 8: bunch of shows in Australia, so for some reason that's

2161
01:38:55,720 --> 01:38:57,000
Speaker 8: closer for you. You could get to the.

2162
01:38:57,080 --> 01:38:59,599
Speaker 3: Dimini Ata say that both shows are in Wellington.

2163
01:39:00,120 --> 01:39:01,719
Speaker 8: Will be at Tarsp Arena in Wellington.

2164
01:39:03,040 --> 01:39:05,040
Speaker 3: Ah, does is Nick not?

2165
01:39:05,320 --> 01:39:05,400
Speaker 22: Like?

2166
01:39:05,720 --> 01:39:09,720
Speaker 3: Does he not know anything about New Zealand? I mean,

2167
01:39:09,760 --> 01:39:10,360
Speaker 3: I don't want.

2168
01:39:10,200 --> 01:39:13,400
Speaker 8: To be a dick, but well, it's a real shame,

2169
01:39:13,439 --> 01:39:15,280
Speaker 8: isn't it Because just after you were proven right on

2170
01:39:15,280 --> 01:39:18,080
Speaker 8: the rugby thing, just now that Ted's backing you up.

2171
01:39:18,160 --> 01:39:20,800
Speaker 8: We remember us talking weeks ago about how Wellington's just

2172
01:39:20,840 --> 01:39:22,800
Speaker 8: not getting any events and goodness me, they need to

2173
01:39:22,800 --> 01:39:25,080
Speaker 8: catch up with all them and christis now this happens now?

2174
01:39:25,120 --> 01:39:25,920
Speaker 9: I think even wrong.

2175
01:39:26,320 --> 01:39:28,800
Speaker 3: It doesn't make sense if you're Nick Cave and you're

2176
01:39:28,840 --> 01:39:30,840
Speaker 3: going to play in Wellington. I mean I get that,

2177
01:39:30,880 --> 01:39:33,479
Speaker 3: like Wellington is the right venue for him, isn't it? Acts?

2178
01:39:33,520 --> 01:39:35,280
Speaker 3: Because he's all dark and gloomy.

2179
01:39:34,960 --> 01:39:36,760
Speaker 8: And I mean it would probably sell out. I think

2180
01:39:36,800 --> 01:39:37,760
Speaker 8: I've backed that to sew up.

2181
01:39:37,920 --> 01:39:41,559
Speaker 3: But would you choose to play at TSB because you'd

2182
01:39:41,640 --> 01:39:43,960
Speaker 3: want something a bit more moody and cool, wouldn't you?

2183
01:39:44,200 --> 01:39:46,479
Speaker 8: Well, all I'll say is that he's got the Monday,

2184
01:39:46,560 --> 01:39:50,000
Speaker 8: Tuesday and the Wednesday between the Sunday and the Thursday

2185
01:39:50,040 --> 01:39:52,040
Speaker 8: that are all free, so he could probably sneak another

2186
01:39:52,040 --> 01:39:53,880
Speaker 8: shell in there if it's an arm for it.

2187
01:39:54,080 --> 01:39:55,760
Speaker 3: Do I want to go down to Wellington for this?

2188
01:39:55,880 --> 01:39:57,960
Speaker 3: Do I want to take the concert girls down to

2189
01:39:58,200 --> 01:40:00,320
Speaker 3: Do I want to take the menopausal middle edge women

2190
01:40:00,360 --> 01:40:00,919
Speaker 3: to Wellington?

2191
01:40:01,560 --> 01:40:04,800
Speaker 2: See him? And you're not man, You'll see him in

2192
01:40:04,840 --> 01:40:05,559
Speaker 2: your dream.

2193
01:40:05,960 --> 01:40:08,719
Speaker 3: I don't hate the idea. I mean, can you imagine

2194
01:40:08,800 --> 01:40:12,360
Speaker 3: three menopausal women listening to for months and a months

2195
01:40:12,360 --> 01:40:16,760
Speaker 3: to get ready? He's gonna be homicidal. Okay, we'll think

2196
01:40:16,800 --> 01:40:17,160
Speaker 3: about it.

2197
01:40:18,120 --> 01:40:19,840
Speaker 9: You'll see him in your head.

2198
01:40:20,280 --> 01:40:24,680
Speaker 3: I see him by screen, Hey, buddy, I'm warning you

2199
01:40:24,840 --> 01:40:25,640
Speaker 3: to Drinado.

2200
01:40:26,680 --> 01:40:28,840
Speaker 17: He's a goup of he's a god.

2201
01:40:28,680 --> 01:40:31,280
Speaker 2: He's a man, he's a good group.

2202
01:40:33,600 --> 01:40:39,880
Speaker 15: You're one microscopic called Dennis catastrophic plan designed and directed

2203
01:40:39,960 --> 01:40:41,839
Speaker 15: by his red right hand.

2204
01:41:00,240 --> 01:41:03,400
Speaker 1: For more from Hither Duplessy Allen Drive, listen live to

2205
01:41:03,479 --> 01:41:06,200
Speaker 1: News Talk Set B from four p m. Weekdays, or

2206
01:41:06,240 --> 01:41:08,320
Speaker 1: follow the podcast on iHeartRadio