1 00:00:01,800 --> 00:00:08,600 Speaker 1: The issues, the interviews and the inside Ryan Bridge new 2 00:00:08,680 --> 00:00:12,080 Speaker 1: for twenty twenty four on the early edition with Smith City, 3 00:00:12,160 --> 00:00:14,480 Speaker 1: New Zealand's furniture vans and a play at store. 4 00:00:14,720 --> 00:00:18,240 Speaker 2: News Talk ZB gooday, good morning, welcome to your Wednesday 5 00:00:18,320 --> 00:00:20,680 Speaker 2: just gone six half to five News Talk SAIBB. We're 6 00:00:20,680 --> 00:00:24,319 Speaker 2: talking the CPI today. We're getting the numbers. What is 7 00:00:24,400 --> 00:00:26,520 Speaker 2: still going up? We'll look at that just before six. 8 00:00:27,120 --> 00:00:31,600 Speaker 2: Also the pesky Alfresco dining issue. Will check in with 9 00:00:31,760 --> 00:00:34,279 Speaker 2: a business owner and Totong is shortly Gavin Gray out 10 00:00:34,280 --> 00:00:37,199 Speaker 2: of the UK, Stephen Frank's former act MP on the 11 00:00:37,280 --> 00:00:40,800 Speaker 2: Supreme Court Judges getting a bit too big for their 12 00:00:40,880 --> 00:00:43,040 Speaker 2: boots this morning. We'll look at that as well. 13 00:00:44,920 --> 00:00:45,640 Speaker 3: The agenda. 14 00:00:46,120 --> 00:00:49,040 Speaker 2: It is Wednesday, the sixteenth of October. They threatened to 15 00:00:49,040 --> 00:00:51,960 Speaker 2: do it now. North Korea has blown up roads and 16 00:00:52,159 --> 00:00:54,960 Speaker 2: railway lines that lead to the border of the South Korea. 17 00:00:55,080 --> 00:00:57,920 Speaker 2: The escalating tension and result of Pyongyang accusing Soul of 18 00:00:58,000 --> 00:01:01,600 Speaker 2: violating its airspace using drones to drop leaflets in its 19 00:01:01,640 --> 00:01:02,680 Speaker 2: capital last week. 20 00:01:02,840 --> 00:01:05,760 Speaker 4: The scattering of leaflets over the capital city will be 21 00:01:05,800 --> 00:01:10,560 Speaker 4: regarded as a grave, politically motivated provocation and an infringement 22 00:01:10,640 --> 00:01:13,480 Speaker 4: upon our sovereignty. But the fact that drones carried the 23 00:01:13,560 --> 00:01:17,120 Speaker 4: leaflets is at the core of the seriousness of this incident. 24 00:01:17,480 --> 00:01:20,960 Speaker 2: Alarm bells ding ding ding, warning this morning. Global public 25 00:01:21,080 --> 00:01:25,240 Speaker 2: debt is set to hit one hundred trillion dollars this year. 26 00:01:25,319 --> 00:01:28,839 Speaker 2: This is new IMF Forecast's Wellington City Council is doing 27 00:01:28,959 --> 00:01:31,160 Speaker 2: its part to rack up the bills. You can be 28 00:01:31,200 --> 00:01:34,920 Speaker 2: sure of that one hundred trillion dollars is ninety three 29 00:01:35,040 --> 00:01:38,200 Speaker 2: percent of global GDP. That's everything we make as a 30 00:01:38,200 --> 00:01:41,800 Speaker 2: world will hit one hundred percent by twenty thirty. That 31 00:01:41,959 --> 00:01:46,080 Speaker 2: is ten percent more than pre COVID. Why worry because 32 00:01:46,520 --> 00:01:50,320 Speaker 2: when another big shock comes in economic shock, and it will, 33 00:01:50,720 --> 00:01:54,360 Speaker 2: it increases the risk of sovereign distress. Countries can't pay 34 00:01:54,440 --> 00:01:57,480 Speaker 2: back their debts and then the world ends. 35 00:01:57,520 --> 00:01:59,320 Speaker 3: Crazy Nancy Pelosi, she. 36 00:01:59,400 --> 00:02:03,280 Speaker 2: Is a nuts Nancy Philosis. Still hasn't you report out 37 00:02:03,280 --> 00:02:06,880 Speaker 2: this morning? Still hasn't spoken to the man that she 38 00:02:07,040 --> 00:02:10,440 Speaker 2: helped turf out of running for president, Joe Biden. She's 39 00:02:10,520 --> 00:02:13,480 Speaker 2: the Expeaker of the House, highly respected in the Democratic Party, 40 00:02:13,639 --> 00:02:16,520 Speaker 2: like the fairy Godmother of the Democrats. Not a word, 41 00:02:16,960 --> 00:02:21,400 Speaker 2: no phone called, no email, Just one geriatric shoving another 42 00:02:21,480 --> 00:02:24,000 Speaker 2: out of a seat at the rest Home Lounge. 43 00:02:24,280 --> 00:02:28,679 Speaker 3: Crazy Nancy Pelosi, She's a nutjob. The news you need 44 00:02:28,760 --> 00:02:32,000 Speaker 3: this morning and the in depth analysis early edition with 45 00:02:32,240 --> 00:02:35,720 Speaker 3: Ryan Bridge and Smith City, New Zealand's furniture beds had 46 00:02:35,720 --> 00:02:37,320 Speaker 3: a playing store news talks. 47 00:02:37,360 --> 00:02:40,480 Speaker 2: It'd be brutal sport, isn't it? Coming up? Also this morning, 48 00:02:40,520 --> 00:02:43,280 Speaker 2: I'm going to talk to you about Christopher Luxon and 49 00:02:43,320 --> 00:02:45,960 Speaker 2: his wealth. Will do that. Just before the news at 50 00:02:46,000 --> 00:02:48,600 Speaker 2: five point thirty, Global dairy trade. The auction out overnight 51 00:02:48,919 --> 00:02:52,840 Speaker 2: subdued but good for US, well, could be worse for US. 52 00:02:52,880 --> 00:02:56,880 Speaker 2: I suppose overall down point three percent. Chear cheese, which 53 00:02:56,919 --> 00:02:59,959 Speaker 2: is our number one export, was up four point two percent. Sorry, 54 00:03:00,120 --> 00:03:02,600 Speaker 2: number one cheese export up four point two percent, so 55 00:03:02,639 --> 00:03:06,840 Speaker 2: that's good. Mozzarella down eight point two percent, quite a 56 00:03:06,840 --> 00:03:09,480 Speaker 2: big fall there. But the milk powders, which is where 57 00:03:09,520 --> 00:03:12,280 Speaker 2: we make our bread and butter, skim milk powders down 58 00:03:12,400 --> 00:03:15,560 Speaker 2: just one point eight and whole milk powders unchanged. So 59 00:03:15,600 --> 00:03:18,919 Speaker 2: there you go. There's a global dairy trade update. Also 60 00:03:18,960 --> 00:03:22,720 Speaker 2: this morning, the helicopters, the Mowbrays and the Alley Williams 61 00:03:22,720 --> 00:03:26,639 Speaker 2: of the world, big loud noisy vehicle. Have you ever 62 00:03:26,680 --> 00:03:29,079 Speaker 2: lived next door to a bogan you would have experienced 63 00:03:29,120 --> 00:03:33,359 Speaker 2: similar problems. Just a big loud, noisy vehicle, you know, 64 00:03:33,400 --> 00:03:36,040 Speaker 2: a modified skyline or something. Is it that big of 65 00:03:36,080 --> 00:03:38,120 Speaker 2: a deal. I suppose it would be very annoying if 66 00:03:38,160 --> 00:03:40,640 Speaker 2: you live next door. But they have quite I know 67 00:03:40,760 --> 00:03:43,960 Speaker 2: the area, they have quite big properties there, so you know, 68 00:03:44,000 --> 00:03:47,680 Speaker 2: it's not like they're landing on a quarter acre site. 69 00:03:48,240 --> 00:03:50,160 Speaker 2: Nine nine two the number to text. I don't know. 70 00:03:50,160 --> 00:03:51,600 Speaker 2: I don't think it's that big of a deal, although 71 00:03:51,600 --> 00:03:54,200 Speaker 2: if I live next door, I probably would, as I 72 00:03:54,200 --> 00:03:56,640 Speaker 2: did when I live next door to Bogans. They said 73 00:03:56,640 --> 00:03:59,640 Speaker 2: that it might affect the Pahota Kawa. The reason that 74 00:03:59,680 --> 00:04:04,760 Speaker 2: they had publicly notifying this issue is because the Perhudakawa trees. 75 00:04:04,840 --> 00:04:09,280 Speaker 2: They haven't done an incident report on the Perhudakawa trees 76 00:04:09,360 --> 00:04:13,320 Speaker 2: and how a helicopter might affect them. How would a 77 00:04:13,360 --> 00:04:17,080 Speaker 2: helicopter affect a perhuda carbatry unless it crashes into it. 78 00:04:17,120 --> 00:04:20,240 Speaker 2: Is it something about the down rotation? I don't know anyway, 79 00:04:20,320 --> 00:04:23,880 Speaker 2: N nine and two we'd love your views on that. Also, 80 00:04:23,960 --> 00:04:27,599 Speaker 2: this morning, the booms and the Alfresco dining strips. It's 81 00:04:27,640 --> 00:04:30,200 Speaker 2: all about the bits in between. We're basically having lots 82 00:04:30,240 --> 00:04:34,800 Speaker 2: of border disputes, the bits between your private land, whether 83 00:04:34,839 --> 00:04:38,280 Speaker 2: it's a business, whether it's a home, and the council's 84 00:04:38,320 --> 00:04:41,320 Speaker 2: part of it. So the Alfresco dining strips in your 85 00:04:41,320 --> 00:04:46,520 Speaker 2: main malls and cities and towns, and your nature strep 86 00:04:46,760 --> 00:04:50,800 Speaker 2: what the Australians call a nature strep, or what we 87 00:04:50,880 --> 00:04:53,600 Speaker 2: call a boom where you know you park your car. 88 00:04:53,839 --> 00:04:55,400 Speaker 2: I don't know what you do on your berms. What 89 00:04:55,440 --> 00:04:56,880 Speaker 2: do you want to do on your booms? Tell me? 90 00:04:57,640 --> 00:04:59,760 Speaker 2: Nine two eleven minutes after five news talks. 91 00:04:59,520 --> 00:05:01,400 Speaker 3: They'd been graham Bridge. 92 00:05:04,200 --> 00:05:06,640 Speaker 2: Now Boeing this morning. I like to keep you abreast 93 00:05:06,640 --> 00:05:09,039 Speaker 2: of what's happening with Boeing. In last week, I think 94 00:05:09,040 --> 00:05:11,800 Speaker 2: it was we talked about the five billion dollar cost 95 00:05:11,839 --> 00:05:14,680 Speaker 2: of these strikes. This is the workers going on strike 96 00:05:14,800 --> 00:05:17,680 Speaker 2: asking for was it twenty five percent lego twenty five 97 00:05:17,720 --> 00:05:21,000 Speaker 2: percent pay increases? Actually I think it might have been 98 00:05:21,040 --> 00:05:24,719 Speaker 2: thirty five percent. They were pushing to forty. Anyway, Boeing 99 00:05:25,040 --> 00:05:28,520 Speaker 2: needs some cash obviously because this is costing them a 100 00:05:28,560 --> 00:05:31,239 Speaker 2: butt ton of money. So they are moving to sell 101 00:05:31,520 --> 00:05:35,000 Speaker 2: new stock, wanting to raise at least ten billion dollars. 102 00:05:35,080 --> 00:05:38,720 Speaker 2: The last time Boeing turned a profit was twenty and eighteen. 103 00:05:40,240 --> 00:05:44,679 Speaker 2: Someone says, why don't the mobras they want forty percent 104 00:05:44,720 --> 00:05:48,000 Speaker 2: of the workers. Why don't the mobrays drive fifteen minutes 105 00:05:48,400 --> 00:05:52,040 Speaker 2: down to mechanics space so precious. It's not a fifteen 106 00:05:52,040 --> 00:05:59,719 Speaker 2: minute drive. You've got cycle ways, You've got traffic nightmare. 107 00:06:00,080 --> 00:06:04,880 Speaker 2: If I had a helicopter, I'd just blat everywhere in it. 108 00:06:05,080 --> 00:06:06,400 Speaker 2: Twelve minutes after five. 109 00:06:13,080 --> 00:06:16,560 Speaker 3: Get ahead of the headlines, Ryan Bridge you for twenty 110 00:06:16,600 --> 00:06:20,320 Speaker 3: twenty four on early edition with Smith City, New Zealand's 111 00:06:20,320 --> 00:06:23,240 Speaker 3: furniture beds and a playing store. News Talk said. 112 00:06:23,000 --> 00:06:25,679 Speaker 2: Be fourteen after five on news Talk said, Big Kamala 113 00:06:25,680 --> 00:06:29,760 Speaker 2: Harris is going after black voters. Oh, shouldn't that sounds odd? 114 00:06:29,839 --> 00:06:32,679 Speaker 2: She's not going after them, She's going after their votes. 115 00:06:33,279 --> 00:06:35,560 Speaker 2: I'll tell you why and how she's planning to do that. 116 00:06:35,600 --> 00:06:39,400 Speaker 2: Why she's so worried about Donald Trump. New construction costs 117 00:06:39,520 --> 00:06:42,160 Speaker 2: monitor out this morning. This is call Logic's latest Cordell 118 00:06:42,240 --> 00:06:46,200 Speaker 2: construction cost index. It recorded a one point one percent 119 00:06:46,360 --> 00:06:49,480 Speaker 2: rise in the September quarter that reverses a fall in 120 00:06:49,600 --> 00:06:54,240 Speaker 2: quarter two annual growth this is construction cost Annual growth 121 00:06:55,000 --> 00:06:58,080 Speaker 2: is subdued at one point three percent, so it's still up, 122 00:06:58,080 --> 00:07:00,760 Speaker 2: but only slightly. The average long term is four point 123 00:07:00,800 --> 00:07:03,000 Speaker 2: three percent. So if you want to build a house, 124 00:07:03,040 --> 00:07:06,159 Speaker 2: if you want to renovate your house, now's the time 125 00:07:06,200 --> 00:07:07,600 Speaker 2: to do it. There's a bit of slack in the 126 00:07:07,640 --> 00:07:09,960 Speaker 2: labor market, but a slack in the materials market too. 127 00:07:10,040 --> 00:07:16,760 Speaker 2: It's quarter past five, bread rich nationwide Alfresco fiasco. Queenstown 128 00:07:16,800 --> 00:07:20,000 Speaker 2: now the latest city to be hit by this issue. 129 00:07:20,280 --> 00:07:23,520 Speaker 2: Hospitality business, the hotels are in z that their outdoor 130 00:07:23,600 --> 00:07:27,400 Speaker 2: dining fees are going up fifteen hundred percent. One business 131 00:07:27,920 --> 00:07:30,440 Speaker 2: used to pay an annual cost of three thousand dollars 132 00:07:30,480 --> 00:07:32,240 Speaker 2: to the council. That's now going to go up to 133 00:07:32,280 --> 00:07:37,480 Speaker 2: more than fifty thousand dollars. Apparently they're charging a percentage 134 00:07:37,520 --> 00:07:40,800 Speaker 2: of the indoor rent. Totong has been having issues and 135 00:07:40,920 --> 00:07:45,239 Speaker 2: Veronica di Olivera is the Black Orchid Collective cafe owner 136 00:07:45,280 --> 00:07:46,440 Speaker 2: and she's with me this morning. 137 00:07:46,440 --> 00:07:48,760 Speaker 3: Good morning, good morning. 138 00:07:49,000 --> 00:07:51,680 Speaker 2: How are you very well? Thanks Veronica? How much are 139 00:07:51,720 --> 00:07:52,640 Speaker 2: you paying where you are? 140 00:07:54,360 --> 00:07:58,320 Speaker 5: Well? Well, I'm not pee, yes, but it would probably 141 00:07:58,320 --> 00:08:02,239 Speaker 5: be paying over a thousand dollar for like little three 142 00:08:02,320 --> 00:08:04,840 Speaker 5: tables they have in front of my business at the moment. 143 00:08:05,800 --> 00:08:08,960 Speaker 5: So it's just quite a bit just for the space 144 00:08:09,000 --> 00:08:10,560 Speaker 5: I'm using actually. 145 00:08:10,760 --> 00:08:13,239 Speaker 2: And this is because at the moment you're paying nothing 146 00:08:13,280 --> 00:08:16,440 Speaker 2: because you haven't needed a license. They're introducing the licenses 147 00:08:16,440 --> 00:08:19,680 Speaker 2: and they up coming with a fee exactly. 148 00:08:19,960 --> 00:08:24,440 Speaker 5: So they have decided last July that all the business 149 00:08:24,600 --> 00:08:27,320 Speaker 5: downtown and now we'll have to stay feats out. So 150 00:08:27,360 --> 00:08:30,520 Speaker 5: it's about one hundred and fifty dollars staty square meter. 151 00:08:31,320 --> 00:08:35,880 Speaker 5: There's a five hundred dollars administration feeds. I'm not very 152 00:08:35,920 --> 00:08:39,960 Speaker 5: sure what is it about. But yeah, so for the 153 00:08:40,040 --> 00:08:43,240 Speaker 5: space that I have now, I would be saying at 154 00:08:43,360 --> 00:08:47,360 Speaker 5: least like five square meters, right, can. 155 00:08:47,240 --> 00:08:49,400 Speaker 2: You describe the space for us? Is it on the 156 00:08:49,440 --> 00:08:50,920 Speaker 2: footpath or. 157 00:08:51,320 --> 00:08:53,160 Speaker 5: Where it's on the footpaths? 158 00:08:53,360 --> 00:08:53,600 Speaker 6: Yeah? 159 00:08:53,720 --> 00:08:55,920 Speaker 5: Yeah, and front off my casa. 160 00:08:56,240 --> 00:08:59,840 Speaker 2: Do your tables block the footpath or anyone you know 161 00:09:00,080 --> 00:09:01,880 Speaker 2: you're decirable or the older. 162 00:09:01,720 --> 00:09:06,560 Speaker 5: La or no, definitely not. It's actually like rules, friends, 163 00:09:06,760 --> 00:09:10,920 Speaker 5: so all the business amounts or probably in New Zealand 164 00:09:11,400 --> 00:09:15,640 Speaker 5: have to follow the rules. Like it's like I don't 165 00:09:15,640 --> 00:09:19,320 Speaker 5: know how many meters, but that is a space that 166 00:09:19,400 --> 00:09:22,960 Speaker 5: you need to live for the people to pass. So 167 00:09:23,760 --> 00:09:26,400 Speaker 5: I understand the fact that they want to control a 168 00:09:26,440 --> 00:09:29,240 Speaker 5: little bit because the summer time is quite busy and 169 00:09:29,280 --> 00:09:32,559 Speaker 5: you can't really pass. But it's the only time of 170 00:09:32,600 --> 00:09:35,840 Speaker 5: the year that we actually is very busy. That's the 171 00:09:35,960 --> 00:09:40,480 Speaker 5: time that we actually make money, you know, when the 172 00:09:40,559 --> 00:09:44,240 Speaker 5: city is the thing. So it's like the style of 173 00:09:44,280 --> 00:09:46,480 Speaker 5: the mount is the soul of the mount, and this 174 00:09:47,280 --> 00:09:50,000 Speaker 5: what's happening now, I believe a lot of people will 175 00:09:50,040 --> 00:09:52,679 Speaker 5: rebel against and we're going to lose a few of 176 00:09:52,720 --> 00:09:56,679 Speaker 5: these little tables outside and we'll just you know, make 177 00:09:56,760 --> 00:09:57,800 Speaker 5: the city quieter. 178 00:09:58,280 --> 00:10:00,520 Speaker 2: Yeah, it's nice to have people outside, and it does 179 00:10:00,559 --> 00:10:02,920 Speaker 2: make the city look busy. As you say, Veronica, thank 180 00:10:02,920 --> 00:10:05,960 Speaker 2: you very much for joining us. Veronica de Olivera. She's 181 00:10:06,080 --> 00:10:09,800 Speaker 2: the Black Orchid Collective cafe owner in Totonga and she's 182 00:10:09,880 --> 00:10:11,560 Speaker 2: going to be paying one thousand dollars a year for 183 00:10:11,600 --> 00:10:14,560 Speaker 2: three tables on the footpath. Thoughts nine two ninety two 184 00:10:14,679 --> 00:10:17,520 Speaker 2: is the number to text problems. Councils have got no money, 185 00:10:17,559 --> 00:10:21,400 Speaker 2: no no innovative ways of raising revenues, so they're coming 186 00:10:21,440 --> 00:10:24,280 Speaker 2: up with every here brain scheme that they can find 187 00:10:24,760 --> 00:10:27,960 Speaker 2: to try and keep themselves afloat eighteen minutes after five. 188 00:10:28,040 --> 00:10:30,600 Speaker 2: Coming up next are our judges getting too big for 189 00:10:30,679 --> 00:10:34,160 Speaker 2: their boots? And what about Luxon's wealth On. 190 00:10:34,200 --> 00:10:38,920 Speaker 3: Your radio and online on iHeartRadio early edition with Ryan 191 00:10:38,960 --> 00:10:42,040 Speaker 3: Bridge and Smith City, New Zealand's furniture Beds and a 192 00:10:42,120 --> 00:10:43,920 Speaker 3: playing Store Youth Talk zid BE. 193 00:10:44,559 --> 00:10:48,360 Speaker 2: Five twenty just before six the Sorry the CPI. What 194 00:10:48,600 --> 00:10:51,679 Speaker 2: is still going up? Lots of texts coming in on 195 00:10:51,720 --> 00:10:55,960 Speaker 2: this issue of Alfresco dining, Ryan mount Monganui is horrible 196 00:10:56,000 --> 00:10:59,040 Speaker 2: for walking down the main streets. Maybe only two shoulder 197 00:10:59,120 --> 00:11:01,840 Speaker 2: wits to get parts. Not enough room, Ryan, listening to 198 00:11:01,840 --> 00:11:05,080 Speaker 2: you in San Francisco, says Janet, Good morning, Janet. Surely 199 00:11:05,080 --> 00:11:07,040 Speaker 2: there are bureaucrats who lie in Bet at night thinking 200 00:11:07,080 --> 00:11:09,760 Speaker 2: of ways to generate cash for the council. I bet 201 00:11:09,800 --> 00:11:11,760 Speaker 2: you're right, and I bet they're listening right now. Twenty 202 00:11:11,760 --> 00:11:16,160 Speaker 2: one after five, Ryan Bridge, The Supreme Court justices getting 203 00:11:16,160 --> 00:11:18,000 Speaker 2: a bit big for their boots? Do we think? Can 204 00:11:18,000 --> 00:11:20,440 Speaker 2: you report? From the New Zealand Initiative, the think tank 205 00:11:20,520 --> 00:11:23,480 Speaker 2: suggests a time limit for judges of the Supreme Court 206 00:11:23,520 --> 00:11:26,439 Speaker 2: would help to guard against them getting quote an exaggerated 207 00:11:26,520 --> 00:11:29,160 Speaker 2: view of their role. It says the Court is straying 208 00:11:29,160 --> 00:11:31,440 Speaker 2: into Parliament's to Maine and is granting itself the power 209 00:11:31,480 --> 00:11:34,920 Speaker 2: to rewrite legislation and essentially that it doesn't like The 210 00:11:35,000 --> 00:11:38,320 Speaker 2: report suggests a bit of a rotation system. Stephen Franks 211 00:11:38,520 --> 00:11:41,400 Speaker 2: is a lawyer at Frank's Ogilvy and is a former 212 00:11:41,440 --> 00:11:43,560 Speaker 2: act MP. He's with me this morning. Good morning Stephen, 213 00:11:44,320 --> 00:11:46,199 Speaker 2: Good morning Ryan. Good to have you on the show. 214 00:11:46,679 --> 00:11:48,360 Speaker 2: Are they too big for their boots? Do you reckon? 215 00:11:49,760 --> 00:11:52,120 Speaker 6: I think the report makes a very compelling case and 216 00:11:52,160 --> 00:11:55,680 Speaker 6: there's been a lot of sort of vote grumbling about 217 00:11:55,720 --> 00:11:58,319 Speaker 6: it and makes lawyers for some time. There was a 218 00:11:59,200 --> 00:12:03,480 Speaker 6: celebration of it it's twentieth anniversary earlier this year where 219 00:12:04,160 --> 00:12:10,319 Speaker 6: one of the probably the most eminent QKC presented a 220 00:12:10,360 --> 00:12:14,360 Speaker 6: paper where he said they're making the law, not the law. 221 00:12:14,400 --> 00:12:17,360 Speaker 6: It's ceasing to be predictable because they've decided they can 222 00:12:17,880 --> 00:12:20,920 Speaker 6: change it to develop it in accordance with their view 223 00:12:20,960 --> 00:12:23,600 Speaker 6: of social values. But it didn't really get a lot 224 00:12:23,679 --> 00:12:26,480 Speaker 6: as much attention as you'd expect. It was addressed to 225 00:12:26,480 --> 00:12:30,520 Speaker 6: a lot of lawyers, but for a major business organization 226 00:12:30,600 --> 00:12:32,920 Speaker 6: to be as blunts is pretty unprecedented. 227 00:12:33,200 --> 00:12:35,280 Speaker 2: Yeah. I remember a friend of mine showing me that 228 00:12:35,360 --> 00:12:39,280 Speaker 2: article saying this is important. I think it's for most people. 229 00:12:39,280 --> 00:12:42,000 Speaker 2: It's like, oh, a judge's court, Supreme Court. But what 230 00:12:42,040 --> 00:12:45,680 Speaker 2: they're doing were their two issues, right, loosely interpreting the 231 00:12:45,760 --> 00:12:48,920 Speaker 2: laws that Parliament makes and then getting a little bit 232 00:12:49,000 --> 00:12:50,760 Speaker 2: activist on common law. 233 00:12:52,600 --> 00:12:56,200 Speaker 6: Yes, yeah, they're both part of the same thing though, 234 00:12:56,440 --> 00:13:01,560 Speaker 6: and a view that their role isn't to apply the 235 00:13:01,640 --> 00:13:04,800 Speaker 6: law as it is. Their role is to develop the 236 00:13:04,880 --> 00:13:07,480 Speaker 6: law in accordance with their view of when New Zealand 237 00:13:07,480 --> 00:13:11,240 Speaker 6: should be going in their social values, which is exactly 238 00:13:11,280 --> 00:13:16,760 Speaker 6: what democracy is supposed to control. So the problem for 239 00:13:17,640 --> 00:13:21,040 Speaker 6: a country when your institutions don't stay in their lane 240 00:13:22,760 --> 00:13:27,040 Speaker 6: can be quite dire. Israel was really stuck in that 241 00:13:28,080 --> 00:13:32,480 Speaker 6: until the attacking year ago. Israel was paralyzed by their 242 00:13:32,480 --> 00:13:36,440 Speaker 6: Supreme Court doing a similar thing. And so these aren't unprecedented, 243 00:13:36,520 --> 00:13:39,920 Speaker 6: but they can lead to very long periods of chaos. 244 00:13:40,160 --> 00:13:42,280 Speaker 2: How do you put judges back in their place? 245 00:13:44,120 --> 00:13:47,200 Speaker 6: Well, the report suggests five different ways of doing it, 246 00:13:47,280 --> 00:13:51,240 Speaker 6: and one of them basically just a reminder of what 247 00:13:51,280 --> 00:13:53,760 Speaker 6: the rule of law is that it's a rule of 248 00:13:54,800 --> 00:13:57,160 Speaker 6: rules that you can find out in advance and read 249 00:13:57,200 --> 00:13:59,719 Speaker 6: and understand, and you don't have to go to the 250 00:13:59,800 --> 00:14:02,200 Speaker 6: court to find out what the law is. It's for 251 00:14:02,280 --> 00:14:05,200 Speaker 6: most cases except the boundary cases, it's easily found out. 252 00:14:05,800 --> 00:14:09,560 Speaker 6: So they suggested that they could write a description of 253 00:14:09,600 --> 00:14:12,560 Speaker 6: what they called a thin rule of law. The court's 254 00:14:12,559 --> 00:14:15,840 Speaker 6: been talking about a thick rule of law which allows 255 00:14:15,880 --> 00:14:21,320 Speaker 6: them to proceed with decolonization, which no one knows what 256 00:14:21,360 --> 00:14:24,840 Speaker 6: that means, but they apparently think they know, and that 257 00:14:25,840 --> 00:14:29,320 Speaker 6: teak anger is an original part of New Zealand law. 258 00:14:29,360 --> 00:14:33,920 Speaker 6: Will custom has always been important in making decisions where 259 00:14:33,920 --> 00:14:39,720 Speaker 6: customs relevant. But one of the things pointed out in 260 00:14:39,720 --> 00:14:42,720 Speaker 6: this report is that in the Alis decision, which didn't 261 00:14:42,760 --> 00:14:47,760 Speaker 6: involve Mari, the courts decided to bring in tea hunger 262 00:14:49,080 --> 00:14:54,080 Speaker 6: as a factor, and then one of the judges said 263 00:14:54,200 --> 00:14:58,040 Speaker 6: that the court can declact tea Kanger, but it can't 264 00:14:58,160 --> 00:15:03,160 Speaker 6: change it, which is sort of very odd because they 265 00:15:03,200 --> 00:15:06,840 Speaker 6: only discover it by asking Mario old is what it 266 00:15:06,920 --> 00:15:10,600 Speaker 6: is or what it was? And the idea that it's 267 00:15:10,680 --> 00:15:18,640 Speaker 6: then more immutable than something that they say is very peculiar. Anyway, 268 00:15:18,800 --> 00:15:20,880 Speaker 6: they just confused everyone. No one knows what it is 269 00:15:20,920 --> 00:15:21,280 Speaker 6: now and. 270 00:15:21,480 --> 00:15:24,160 Speaker 2: That is part of the problem, is the confusion and 271 00:15:24,240 --> 00:15:27,680 Speaker 2: who's who has who should have final say. I mean, 272 00:15:27,680 --> 00:15:29,840 Speaker 2: if Parliament makes a law you think, you know, it's 273 00:15:29,840 --> 00:15:33,520 Speaker 2: the court job to just you know, interpret it, follow it. Stephen, 274 00:15:33,600 --> 00:15:35,200 Speaker 2: thank you very much for joining us this morning. We 275 00:15:35,240 --> 00:15:37,080 Speaker 2: do have to believe it. There Stephen Franks, Wellington, lawyer 276 00:15:37,080 --> 00:15:40,800 Speaker 2: at Frank's Ogilvy. The report is by the New Zealand Initiative. 277 00:15:40,840 --> 00:15:42,600 Speaker 2: It's up on their website. I do employee to go 278 00:15:42,640 --> 00:15:46,000 Speaker 2: and have a look. Twenty six after five the early edition. 279 00:15:45,880 --> 00:15:51,320 Speaker 3: Full The Show podcast on iHeartRadio Power by Newstalks. 280 00:15:51,280 --> 00:15:55,440 Speaker 2: Five News talks theb SO Luxeon's out of touch apparently, 281 00:15:56,000 --> 00:15:59,560 Speaker 2: name me one politician, one prime minister, one president in 282 00:15:59,600 --> 00:16:02,320 Speaker 2: the world who's in touch, doesn't matter which side of 283 00:16:02,320 --> 00:16:05,560 Speaker 2: politics they're on. Albanesi Labor, he's just bought a four 284 00:16:05,600 --> 00:16:09,040 Speaker 2: million dollar cliff top mansion north of Sydney. Keir Starmer Labor, 285 00:16:09,480 --> 00:16:12,240 Speaker 2: He's worth ten million New Zealand dollars excluding all the 286 00:16:12,280 --> 00:16:15,120 Speaker 2: don of freebies. Karmela Harris worth thirteen million New Zealand 287 00:16:15,120 --> 00:16:18,880 Speaker 2: dollars dollars. Tory Farno won Lotto Richie soon acts a 288 00:16:18,880 --> 00:16:21,520 Speaker 2: billionaire just into are doing gets three hundred thousand dollars 289 00:16:21,520 --> 00:16:25,480 Speaker 2: per speaking. Chris Hipkins has multiple properties, so they are 290 00:16:25,480 --> 00:16:29,360 Speaker 2: all rich. The question is does it really matter? And 291 00:16:29,440 --> 00:16:32,360 Speaker 2: why the question in the first place. Would we rather 292 00:16:32,880 --> 00:16:37,560 Speaker 2: they only got rich through public office? As Albanese seems 293 00:16:37,600 --> 00:16:40,440 Speaker 2: to be admitting. He says, I'm fortunate and much better 294 00:16:40,480 --> 00:16:45,640 Speaker 2: off as prime minister. Personally, I'd rather they manage to 295 00:16:46,000 --> 00:16:48,840 Speaker 2: build a business, run a company, or do something productive 296 00:16:49,000 --> 00:16:51,720 Speaker 2: first to earn their wealth, rather than just walk into 297 00:16:51,760 --> 00:16:53,840 Speaker 2: a job as prime minister and get rich that way 298 00:16:54,480 --> 00:16:59,120 Speaker 2: or when lotto. If somebody had experience running a charity 299 00:16:59,240 --> 00:17:01,320 Speaker 2: or something like that, wasn't paid very well, but was 300 00:17:01,360 --> 00:17:04,680 Speaker 2: skilled and motivated and strategic, then I'd vote for them too. 301 00:17:04,880 --> 00:17:08,920 Speaker 2: It's about experience. It's not shouldn't be about surely how 302 00:17:08,960 --> 00:17:12,760 Speaker 2: wealthy you are or how poor you are. What matters 303 00:17:12,840 --> 00:17:16,159 Speaker 2: is how well you can run an economy so that 304 00:17:16,320 --> 00:17:19,920 Speaker 2: hard working people can get ahead. Just ask Donald Trump. 305 00:17:20,320 --> 00:17:23,159 Speaker 2: He's about to be re elected despite being born with 306 00:17:23,280 --> 00:17:26,840 Speaker 2: a silver spoon in his mouth for exactly that record. 307 00:17:27,080 --> 00:17:31,080 Speaker 2: Under his last watch News talk said b it is news. 308 00:17:30,960 --> 00:17:42,679 Speaker 3: Time, News and Views you trust to start your day's 309 00:17:42,800 --> 00:17:46,520 Speaker 3: early edition with Ryan Bridge and Smith City, New Zealand's 310 00:17:46,520 --> 00:17:49,280 Speaker 3: furniture Beds and a flying store. News talk said, be. 311 00:17:57,040 --> 00:17:59,280 Speaker 2: Good morning New Zealand. Twenty four away from six year 312 00:17:59,320 --> 00:18:01,919 Speaker 2: on news talks be coming up just before six. We 313 00:18:01,920 --> 00:18:05,399 Speaker 2: look at the CPI inflation data coming out today. What 314 00:18:05,640 --> 00:18:07,919 Speaker 2: is still going up? And do we need to worry 315 00:18:07,960 --> 00:18:14,640 Speaker 2: about it? Spoiler alert your rates? Also Wellington City Council. Yeah, 316 00:18:14,680 --> 00:18:16,600 Speaker 2: it's a mess, but I don't think they should send 317 00:18:16,640 --> 00:18:18,919 Speaker 2: a commissioner and I don't think they should do anything. Actually, 318 00:18:18,960 --> 00:18:22,000 Speaker 2: I think Wellington needs to that they've made their bed 319 00:18:22,320 --> 00:18:24,800 Speaker 2: voting in that lot and they need to lie in it, 320 00:18:24,840 --> 00:18:29,760 Speaker 2: no matter the discomfort to their backs. It is twenty 321 00:18:29,760 --> 00:18:32,520 Speaker 2: three minutes away from six. The comet? Did anyone see 322 00:18:32,520 --> 00:18:34,520 Speaker 2: it last night? Apparently last night was the first night 323 00:18:34,600 --> 00:18:36,520 Speaker 2: you could see the comet? Where did you see it from? 324 00:18:36,600 --> 00:18:38,600 Speaker 2: Can you describe it for us? Give us a WEE 325 00:18:38,680 --> 00:18:41,880 Speaker 2: report nine to nine two as the numbered text who 326 00:18:41,960 --> 00:18:44,960 Speaker 2: you with? Eighty thousand years ago was the last time 327 00:18:45,880 --> 00:18:50,280 Speaker 2: it was visible from earth? Apparently? Now this is one 328 00:18:50,280 --> 00:18:52,960 Speaker 2: piece of news that's not great this morning. But I 329 00:18:53,000 --> 00:18:56,280 Speaker 2: thought I would share it with you. This is the 330 00:18:56,280 --> 00:18:59,600 Speaker 2: world's push to end poverty. And remember we had the 331 00:18:59,720 --> 00:19:03,560 Speaker 2: UN goal of ending extreme poverty by twenty thirty. Well, 332 00:19:03,640 --> 00:19:07,679 Speaker 2: twenty thirty is creeping upon us. It's basically impossible on 333 00:19:07,800 --> 00:19:10,680 Speaker 2: current trends. It's going to take us more than three 334 00:19:10,920 --> 00:19:14,680 Speaker 2: decades to hit this. This is to lift nearly seven 335 00:19:14,760 --> 00:19:18,080 Speaker 2: hundred million people living on less than two dollars fifteen 336 00:19:18,200 --> 00:19:22,320 Speaker 2: a day above the widely accepted definition of extreme poverty. 337 00:19:22,359 --> 00:19:28,480 Speaker 2: In other words, we have failed. Good morning, What can 338 00:19:28,520 --> 00:19:30,640 Speaker 2: you say at least you're not living on two dollars 339 00:19:30,720 --> 00:19:33,760 Speaker 2: fifteen a day. I suppose Ry and Bridge right, We're 340 00:19:33,760 --> 00:19:36,160 Speaker 2: going to have reporters around the country and we're starting 341 00:19:36,200 --> 00:19:38,639 Speaker 2: this morning and needing with Calum cullum. 342 00:19:38,680 --> 00:19:41,520 Speaker 7: What you got for us the last study out of 343 00:19:41,720 --> 00:19:45,040 Speaker 7: the university here, Ryan, and it's hoped that what was 344 00:19:45,040 --> 00:19:49,800 Speaker 7: a major international study led by Otaga University will put 345 00:19:49,840 --> 00:19:52,880 Speaker 7: to bed false. Smith's about a chronic illness and we're 346 00:19:52,880 --> 00:19:57,239 Speaker 7: talking about gout. I've confirmed that inherited genetics, rather than 347 00:19:57,280 --> 00:20:00,280 Speaker 7: lifestyle choices, is a major cause of gout. If they 348 00:20:00,280 --> 00:20:03,800 Speaker 7: saw two point six million people's genetic information analyzed and 349 00:20:03,840 --> 00:20:05,800 Speaker 7: the authors of the study hope that the findings will 350 00:20:05,840 --> 00:20:10,320 Speaker 7: remove some of gout's social stigma, as many incorrectly assumans 351 00:20:10,359 --> 00:20:13,280 Speaker 7: caused by a poor diet and excess of alcohol consumption. 352 00:20:14,280 --> 00:20:16,280 Speaker 7: They say that, look, well that can trigger gout, its 353 00:20:16,320 --> 00:20:19,520 Speaker 7: cause is largely due to an immune system already primed 354 00:20:19,800 --> 00:20:20,720 Speaker 7: for those attacks. 355 00:20:20,840 --> 00:20:23,000 Speaker 2: Okay, interesting. How's your weather today. 356 00:20:23,480 --> 00:20:26,679 Speaker 7: Cloud clearing to find spells this afternoon lights southeasties and 357 00:20:26,760 --> 00:20:27,439 Speaker 7: twelve today. 358 00:20:27,520 --> 00:20:29,920 Speaker 2: Thank you Claire Edwards and christ Church this morning clear, 359 00:20:29,920 --> 00:20:30,560 Speaker 2: Good morning to you. 360 00:20:31,160 --> 00:20:31,760 Speaker 8: Good morning. 361 00:20:31,920 --> 00:20:35,280 Speaker 2: You've got new documents looking at the government's decision to 362 00:20:35,560 --> 00:20:39,360 Speaker 2: decline more cash for the christ Church Cathedral. 363 00:20:39,760 --> 00:20:42,919 Speaker 9: Yes, the cathedral again, it's been a long running story 364 00:20:42,920 --> 00:20:44,760 Speaker 9: here in Christchurch, and of course you'll know that the 365 00:20:44,760 --> 00:20:48,920 Speaker 9: restoration work has been paused indefinitely following that eighty five 366 00:20:49,040 --> 00:20:52,879 Speaker 9: million dollars shortfall. A Treasury report has been released and 367 00:20:52,920 --> 00:20:56,399 Speaker 9: it highlights that giving additional taxpayer cash you wouldn't have 368 00:20:56,520 --> 00:21:01,000 Speaker 9: proved a sufficient value for money or public benefits, particularly 369 00:21:01,040 --> 00:21:04,199 Speaker 9: given the building would be privately owned. In this report, 370 00:21:04,200 --> 00:21:07,160 Speaker 9: it highlights that the cathedral was not keen to provide 371 00:21:07,200 --> 00:21:11,680 Speaker 9: similar facilities as the Cardboard Cathedral does it wouldn't relax 372 00:21:11,880 --> 00:21:15,600 Speaker 9: rules around hosting services, including weddings for any other faiths 373 00:21:16,080 --> 00:21:19,280 Speaker 9: or events that include food. There was, in the end 374 00:21:19,359 --> 00:21:22,679 Speaker 9: little confidence that further cost flowouts would not occur as well. 375 00:21:22,920 --> 00:21:27,240 Speaker 9: Christ Church Cathedral Reinstatement Limited has declined to comment further. 376 00:21:27,400 --> 00:21:29,840 Speaker 2: All right, how's your weather today, Claire fine? 377 00:21:29,840 --> 00:21:32,919 Speaker 9: Aside from the morning and evening cloud southwesterly is easing 378 00:21:33,000 --> 00:21:33,600 Speaker 9: and higher. 379 00:21:33,640 --> 00:21:34,120 Speaker 8: Fourteen. 380 00:21:34,280 --> 00:21:37,200 Speaker 2: Thank you Maxis and Wellington Max good morning to you. 381 00:21:37,880 --> 00:21:42,200 Speaker 2: Good morning. Now the council business, I don't think they're 382 00:21:42,200 --> 00:21:43,840 Speaker 2: going to send the commissioner, and I don't even think 383 00:21:43,840 --> 00:21:46,080 Speaker 2: they'll probably send an observer. And you've got less than 384 00:21:46,080 --> 00:21:47,800 Speaker 2: the years of an election to stick it out. 385 00:21:49,080 --> 00:21:51,520 Speaker 10: Yeah, and it's almost a sort of no going back 386 00:21:51,560 --> 00:21:56,240 Speaker 10: thing once it happens. Right, it's certainly the big story 387 00:21:56,240 --> 00:21:58,280 Speaker 10: in town at the moment, said The Wellington City Council 388 00:21:58,400 --> 00:22:01,800 Speaker 10: now incidentally been told that, as a major shareholder of 389 00:22:01,880 --> 00:22:03,960 Speaker 10: the airport, of course not going through with its sale 390 00:22:04,000 --> 00:22:06,399 Speaker 10: of its shares, that it could be called upon to 391 00:22:06,400 --> 00:22:10,360 Speaker 10: provide hundreds of millions of dollars for the airport's expansion plans. 392 00:22:11,240 --> 00:22:13,800 Speaker 10: A good story by Georgina Campbell and the Herald. This 393 00:22:13,840 --> 00:22:16,240 Speaker 10: is part of the airport's twenty forty master plan, which 394 00:22:16,280 --> 00:22:21,040 Speaker 10: includes a billion dollars of investment for terminal expansion, runway expansion, 395 00:22:21,480 --> 00:22:25,160 Speaker 10: freight facilities, and new modern fire station. This could all 396 00:22:25,200 --> 00:22:27,880 Speaker 10: cost hundreds of millions as needed over the next ten 397 00:22:27,960 --> 00:22:31,960 Speaker 10: or so years. Of course, by not doing this share sale. 398 00:22:32,040 --> 00:22:35,159 Speaker 10: The council already this week starting talks on how they 399 00:22:35,280 --> 00:22:37,480 Speaker 10: might fill the funding hole that could be up to 400 00:22:37,520 --> 00:22:40,400 Speaker 10: six hundred million dollars deep. Getting the same message from 401 00:22:40,440 --> 00:22:45,240 Speaker 10: Seniorment government figures Crown intervention very much a possibility, Same 402 00:22:45,320 --> 00:22:48,240 Speaker 10: and Brown receiving advice feels like there's more to come here. 403 00:22:49,240 --> 00:22:52,159 Speaker 2: Goodness, may how's your weather today? Ironically I'm going to 404 00:22:52,160 --> 00:22:54,919 Speaker 2: be m seeing an event in Wellington tonight where Tory 405 00:22:54,920 --> 00:22:58,040 Speaker 2: Faro and Christopher Luxen due to being attendance. So I'll 406 00:22:58,080 --> 00:23:00,280 Speaker 2: report back to you tomorrow and what happens. 407 00:23:00,119 --> 00:23:02,959 Speaker 10: There you go. You can voice your concerns directly on 408 00:23:03,000 --> 00:23:04,960 Speaker 10: behalf of on behalf of you and the good people 409 00:23:05,000 --> 00:23:05,520 Speaker 10: of Wellington. 410 00:23:06,200 --> 00:23:08,080 Speaker 2: How's the weather for my arrival today? 411 00:23:08,840 --> 00:23:12,399 Speaker 10: It should it should be fine later on rolling up 412 00:23:12,440 --> 00:23:14,919 Speaker 10: the red carpet. A bit of cloud and drizzle this morning. 413 00:23:14,920 --> 00:23:15,919 Speaker 10: Twelve the High Central. 414 00:23:15,960 --> 00:23:17,680 Speaker 2: Thank you Nevas Andy, Neva. 415 00:23:17,800 --> 00:23:20,520 Speaker 8: Oh laugh of your flight was delayed or canceled? 416 00:23:20,720 --> 00:23:25,840 Speaker 2: Don't you do then bumbling off a jet Star flight. Well, no, 417 00:23:25,960 --> 00:23:28,320 Speaker 2: if it gets canceled, I don't know it'supposed. I'll hire 418 00:23:28,359 --> 00:23:28,960 Speaker 2: someone local. 419 00:23:29,119 --> 00:23:32,359 Speaker 8: No, there won't. It won't be putting out positive thoughts 420 00:23:32,400 --> 00:23:32,800 Speaker 8: out there. 421 00:23:32,880 --> 00:23:35,720 Speaker 2: Hey, the police are warning about Halloween. 422 00:23:36,040 --> 00:23:38,879 Speaker 8: Yes, no, these flipping myth and fetaman Lolly. 423 00:23:39,080 --> 00:23:41,080 Speaker 11: So what I can tell you is that the police 424 00:23:41,119 --> 00:23:44,679 Speaker 11: are calling for extra vigilance this Halloween. The myth anfetamine 425 00:23:44,720 --> 00:23:47,880 Speaker 11: disguises Lolly still believed to be in the community. Now 426 00:23:47,880 --> 00:23:50,560 Speaker 11: you'll remember it's been two months now since Auckland City 427 00:23:50,600 --> 00:23:53,560 Speaker 11: Mission reported that Lolly's have been inadvertently sent out. This 428 00:23:53,760 --> 00:23:57,320 Speaker 11: was to food parcel recipients. Now, Glenn Baldwin, the detective 429 00:23:57,359 --> 00:24:01,160 Speaker 11: inspected there. He says police week they can now account 430 00:24:01,160 --> 00:24:03,919 Speaker 11: for sixty one blocks of pure myth, but they believe 431 00:24:03,920 --> 00:24:07,000 Speaker 11: they're around seventy five Lollies in the community overall, and 432 00:24:07,000 --> 00:24:10,920 Speaker 11: there've been no arrest so during that period. So what 433 00:24:11,240 --> 00:24:14,720 Speaker 11: you know, Glenn Baldwin is saying, you know, ahead of Halloween, 434 00:24:14,800 --> 00:24:17,400 Speaker 11: this is a warning vital public be aware because they 435 00:24:17,400 --> 00:24:21,160 Speaker 11: were the Render brand pineapple lollies, and just ensure that 436 00:24:21,520 --> 00:24:23,760 Speaker 11: you know, if you see them, bring them in, take 437 00:24:23,800 --> 00:24:24,479 Speaker 11: them to police. 438 00:24:24,640 --> 00:24:27,040 Speaker 2: Yeah, terrible, it was terrible. I'd be a bit worried 439 00:24:27,080 --> 00:24:30,040 Speaker 2: just in general, just this Halloween. It is out there. 440 00:24:30,040 --> 00:24:32,560 Speaker 8: If you hit exactly, I don't know. 441 00:24:32,680 --> 00:24:34,359 Speaker 2: Yeah, we'ather today. 442 00:24:34,200 --> 00:24:38,080 Speaker 11: Find at first cloud increasing this afternoon. Auckland's HIG eighteen brilliant. 443 00:24:38,119 --> 00:24:40,520 Speaker 2: Thank you. Some very funny texts coming in on gout 444 00:24:40,520 --> 00:24:42,200 Speaker 2: of all things. We'll get to those in a second. 445 00:24:42,320 --> 00:24:46,359 Speaker 2: Seventeen away from six. Don't forget the inflation data out today. 446 00:24:46,560 --> 00:24:49,200 Speaker 2: What do you need to know? What is still going up? 447 00:24:49,440 --> 00:24:52,680 Speaker 2: It includes rates, It includes insurance. Does that mean anything 448 00:24:52,800 --> 00:24:57,120 Speaker 2: for your mortgage interest rates? All right? So your morning commute, 449 00:24:57,119 --> 00:24:59,640 Speaker 2: you've got your coffee in hand, and you're already thinking 450 00:24:59,680 --> 00:25:02,120 Speaker 2: about that to do list. Right, maybe it's finally time 451 00:25:02,160 --> 00:25:04,840 Speaker 2: to upgrade the couch or get those appliances sorted. While 452 00:25:04,920 --> 00:25:07,919 Speaker 2: Smith City, as you covered, they've been nailing it for 453 00:25:07,960 --> 00:25:10,160 Speaker 2: more than one hundred years, still one hundred percent care 454 00:25:10,200 --> 00:25:12,320 Speaker 2: we owned, and they've got everything you need for your home, 455 00:25:12,480 --> 00:25:15,520 Speaker 2: whether it's trending furniture, the traditional comforts of lazy boy 456 00:25:15,640 --> 00:25:19,359 Speaker 2: beds from New Zealand's trusted Sleepyhead brand or top brand 457 00:25:19,359 --> 00:25:23,480 Speaker 2: appliances like Samsung, alg Fisher and Pikel and Bosh. And 458 00:25:23,560 --> 00:25:26,960 Speaker 2: here's the kick and the deals are insane amazing discounts 459 00:25:26,960 --> 00:25:28,720 Speaker 2: across the board and if you find a better deal 460 00:25:28,800 --> 00:25:32,120 Speaker 2: someplace else, they will match it. Why waste time when 461 00:25:32,160 --> 00:25:35,200 Speaker 2: smith City is right there and it gets better earn 462 00:25:35,240 --> 00:25:37,960 Speaker 2: airpoints dollars while you shop deck out your home, stack 463 00:25:38,080 --> 00:25:40,280 Speaker 2: up for your next holiday. At the same time, it's 464 00:25:40,320 --> 00:25:43,280 Speaker 2: a win win. Smith City eighteen stores nationwide, including the 465 00:25:43,359 --> 00:25:46,200 Speaker 2: new one at white Oak Park, or you can shop 466 00:25:46,200 --> 00:25:47,640 Speaker 2: online smith City dot co dot. 467 00:25:47,600 --> 00:25:52,159 Speaker 3: INZ International Correspondence with Ens and Eye Insurance Peace of 468 00:25:52,200 --> 00:25:53,600 Speaker 3: mind for New Zealand business. 469 00:25:54,000 --> 00:25:57,639 Speaker 2: The UK is hitting extremist settler groups in the West 470 00:25:57,680 --> 00:26:00,800 Speaker 2: Bank with sanctions. Gavin Gray's are UK You correspondent Givin 471 00:26:00,840 --> 00:26:01,639 Speaker 2: what's this about? 472 00:26:02,480 --> 00:26:05,359 Speaker 12: Yeah, just been announced ran that the UK Foreign Minister 473 00:26:05,480 --> 00:26:09,040 Speaker 12: David Lammy and this government here in the UK criticizing 474 00:26:09,080 --> 00:26:12,159 Speaker 12: the inaction of the Israeli government is the quote for 475 00:26:12,320 --> 00:26:16,120 Speaker 12: allowing impunity to flourish among the extremest settlers. What does 476 00:26:16,160 --> 00:26:18,800 Speaker 12: this mean? Well, it means, of course, the settlers who 477 00:26:18,840 --> 00:26:22,239 Speaker 12: are in the West Bank said to be conducting a 478 00:26:22,280 --> 00:26:26,400 Speaker 12: campaign of violence against the Palestinian communities in the occupied territory, 479 00:26:27,200 --> 00:26:30,720 Speaker 12: and another quote from the speech henous abuses of human 480 00:26:30,800 --> 00:26:35,480 Speaker 12: rights against those Palestinian communities. So several outposts within that 481 00:26:36,240 --> 00:26:40,880 Speaker 12: area have been included in the sanctions, along with four organizations. 482 00:26:40,920 --> 00:26:43,560 Speaker 12: These are a religious school known to promote violence against 483 00:26:43,640 --> 00:26:47,560 Speaker 12: non Jews, a group which provides volunteers for illegal outposts, 484 00:26:47,800 --> 00:26:51,399 Speaker 12: a registered charity which provides financial support to the settlements, 485 00:26:51,560 --> 00:26:54,520 Speaker 12: and a construction company which is thought to be one 486 00:26:54,560 --> 00:26:58,640 Speaker 12: of the main construction companies in those disputed territories. Indeed, 487 00:26:58,760 --> 00:27:02,600 Speaker 12: it comes as the former Foreign Secretary Lord David Cameron 488 00:27:02,640 --> 00:27:05,800 Speaker 12: revealed the previous government had also been preparing the sanction 489 00:27:05,920 --> 00:27:09,760 Speaker 12: to Israeli ministers over comments encouraging blocking aid to Gaza. 490 00:27:10,600 --> 00:27:14,200 Speaker 2: Very quickly on this novachok business, the Russian spy that 491 00:27:14,280 --> 00:27:16,840 Speaker 2: the Russians were trying to former Russian spy the Russians 492 00:27:16,920 --> 00:27:19,520 Speaker 2: trying to kill it in the UK in twenty eighteen. 493 00:27:19,640 --> 00:27:23,719 Speaker 2: That vial of nov chop the poison quite a lot, 494 00:27:23,920 --> 00:27:25,199 Speaker 2: quite a lot in near by the sounds of. 495 00:27:25,200 --> 00:27:29,800 Speaker 12: It yeah, and it was left discarded in a perfume 496 00:27:29,840 --> 00:27:33,359 Speaker 12: bottle and then left in a bin. Somebody picked it 497 00:27:33,440 --> 00:27:36,720 Speaker 12: up and thought it was a very expensive perfume, put 498 00:27:36,760 --> 00:27:39,440 Speaker 12: it on themselves and sadly died. And that's the inquiry 499 00:27:39,480 --> 00:27:42,520 Speaker 12: that's going on at the moment now. On hearing from 500 00:27:42,880 --> 00:27:46,959 Speaker 12: special chemists and from those in the field saying there 501 00:27:47,040 --> 00:27:50,600 Speaker 12: was enough of this nerve agent novichok to kill thousands 502 00:27:50,840 --> 00:27:53,800 Speaker 12: of people. It really is quite something that makes you 503 00:27:53,880 --> 00:27:56,320 Speaker 12: take a deep breath, doesn't it? The idea that enough 504 00:27:56,400 --> 00:27:59,199 Speaker 12: was being brought into the country to do that. And 505 00:27:59,280 --> 00:28:01,760 Speaker 12: in this terrible that inquiry, her mother has described the 506 00:28:01,840 --> 00:28:05,560 Speaker 12: victim as intelligent, extreme meself as in a very kind person, 507 00:28:05,720 --> 00:28:08,480 Speaker 12: saying she took comfort from the fact nobody else died. 508 00:28:08,600 --> 00:28:11,600 Speaker 2: Yeah, well absolutely, Gavin, thank you for that. Gavin gray Are, 509 00:28:11,720 --> 00:28:14,879 Speaker 2: UK europe correspondent. I suppose it's insurance, isn't it. It 510 00:28:15,000 --> 00:28:18,280 Speaker 2: takes take enough to kill a thousand people, and even 511 00:28:18,280 --> 00:28:22,160 Speaker 2: though you only get one or two eleven minutes away 512 00:28:22,160 --> 00:28:26,159 Speaker 2: from six news talks. Mb raal Bridge inflation numbers are 513 00:28:26,160 --> 00:28:29,000 Speaker 2: out today. Four casts are predicting a quarterly rise of 514 00:28:29,040 --> 00:28:31,720 Speaker 2: between point seven point eight percent, taking US to just 515 00:28:31,840 --> 00:28:34,159 Speaker 2: over two percent, and you know what that means. That 516 00:28:34,200 --> 00:28:37,359 Speaker 2: puts us back in the box the Reserve Bank's target 517 00:28:37,480 --> 00:28:39,640 Speaker 2: range of one to three percent for the first time 518 00:28:39,680 --> 00:28:42,760 Speaker 2: since quarter one of twenty twenty one. Kelly Echold is 519 00:28:42,920 --> 00:28:45,160 Speaker 2: West Pax chief economist. She's with me this morning, Kelly, 520 00:28:45,160 --> 00:28:54,040 Speaker 2: Good morning, Good morning. Forgive me Kelly. What's still going up? Rates? 521 00:28:54,080 --> 00:28:57,360 Speaker 2: Obviously going up? Insurance? How much are they contributing. 522 00:28:59,280 --> 00:29:03,880 Speaker 13: Well, it's it's socially a significant part of the total CPI, 523 00:29:04,640 --> 00:29:07,120 Speaker 13: So like there's a real split there between what's going 524 00:29:07,160 --> 00:29:11,600 Speaker 13: on with pricing right now today. We expect, for example, 525 00:29:11,720 --> 00:29:15,160 Speaker 13: that the forty odd percent of the CPI, which is 526 00:29:15,240 --> 00:29:21,280 Speaker 13: all important things like petrol or kind of like electronic goods, 527 00:29:21,640 --> 00:29:24,360 Speaker 13: those things will have fallen in price by one and 528 00:29:24,360 --> 00:29:27,040 Speaker 13: a half percent of the last year. But at the 529 00:29:27,040 --> 00:29:30,040 Speaker 13: same time, all the other things like rates, insurance, all 530 00:29:30,080 --> 00:29:33,640 Speaker 13: the services that you buy, those things are expected to 531 00:29:34,520 --> 00:29:39,040 Speaker 13: have increased by five percent basically for the year. So 532 00:29:39,160 --> 00:29:41,840 Speaker 13: that kind of average of two point two two point 533 00:29:41,880 --> 00:29:45,480 Speaker 13: three is really reflecting some pretty divergent trends. 534 00:29:45,760 --> 00:29:50,280 Speaker 2: Yeah, when we look at the you know, the big 535 00:29:50,320 --> 00:29:53,640 Speaker 2: reason for the infation coming down is globally, right, inflation 536 00:29:53,760 --> 00:29:56,960 Speaker 2: has been coming down, the oil etcetera. Has been coming off, 537 00:29:57,200 --> 00:29:59,880 Speaker 2: and that has flowed through to us because we've had 538 00:29:59,920 --> 00:30:03,440 Speaker 2: the non tradables have been so sticky. That basically means 539 00:30:03,440 --> 00:30:06,560 Speaker 2: the reserve banks had to whip us extra hard. Doesn't 540 00:30:06,600 --> 00:30:09,440 Speaker 2: it do an extra hard job when it comes to 541 00:30:09,800 --> 00:30:10,520 Speaker 2: interest rates? 542 00:30:11,840 --> 00:30:15,400 Speaker 13: Yeah, well that is sort of right. The bit of 543 00:30:15,480 --> 00:30:18,760 Speaker 13: the CPI that the Reserve Bank really mainly controls is 544 00:30:18,800 --> 00:30:22,800 Speaker 13: that non tradable bit because all of those services prices 545 00:30:22,880 --> 00:30:27,000 Speaker 13: reflect the balance of supply and demand within New Zealand, 546 00:30:27,520 --> 00:30:30,680 Speaker 13: whereas with respect to all of those import prices, their 547 00:30:30,720 --> 00:30:33,880 Speaker 13: prices are generally set off shore and we just get 548 00:30:33,920 --> 00:30:37,400 Speaker 13: what we get. So, you know, that's why the Reserve 549 00:30:37,440 --> 00:30:40,560 Speaker 13: Bank has generally been pretty cautious here and continues to 550 00:30:40,600 --> 00:30:44,280 Speaker 13: be a bit cautious because you know, with domestic sort 551 00:30:44,320 --> 00:30:48,240 Speaker 13: of inflation sitting closer to five percent as opposed to 552 00:30:48,320 --> 00:30:51,400 Speaker 13: three percent, it's actually it's still quite a lot higher 553 00:30:51,400 --> 00:30:52,320 Speaker 13: than it really needs to be. 554 00:30:52,760 --> 00:30:56,600 Speaker 2: Can they go back to back double whammys in terms 555 00:30:56,680 --> 00:31:00,800 Speaker 2: of the cuts to the OCR if the inflation is 556 00:31:00,840 --> 00:31:03,000 Speaker 2: back in the genies back in the bottle. 557 00:31:02,720 --> 00:31:07,680 Speaker 13: Today, Well they can, I mean, we're actually forecasting that 558 00:31:07,720 --> 00:31:10,160 Speaker 13: they will do another fifty basis point cut at their 559 00:31:10,200 --> 00:31:14,080 Speaker 13: monetary policy statement next month, and the rationale for that 560 00:31:14,160 --> 00:31:17,880 Speaker 13: seems to be that even after having cut interest rates 561 00:31:17,960 --> 00:31:21,320 Speaker 13: by seventy five basis points will ready this year. It's 562 00:31:21,360 --> 00:31:24,160 Speaker 13: still quite a high rate compared to where they think 563 00:31:24,160 --> 00:31:27,200 Speaker 13: it's going to average out over time. So given now 564 00:31:27,240 --> 00:31:30,920 Speaker 13: we've got aggregate inflation getting pretty close to two percent, 565 00:31:31,280 --> 00:31:34,120 Speaker 13: there isn't really that strong a case for keeping interest 566 00:31:34,160 --> 00:31:37,600 Speaker 13: rates quite that high. They still think that interst rates 567 00:31:37,600 --> 00:31:39,600 Speaker 13: are going to be have to be on the higher 568 00:31:39,760 --> 00:31:44,200 Speaker 13: end of average basically to bring that non tradables inflation 569 00:31:44,320 --> 00:31:47,640 Speaker 13: down over to time. But there's just no need for 570 00:31:47,800 --> 00:31:50,920 Speaker 13: as tighter conditions as we've had to endure for most 571 00:31:50,920 --> 00:31:52,000 Speaker 13: of the last couple of years. 572 00:31:52,200 --> 00:31:53,840 Speaker 2: I'll take that, Kelly, thank you very much for your 573 00:31:53,840 --> 00:31:58,400 Speaker 2: time this morning. Kelly Echol, Westpac Chief Economists. The infation 574 00:31:58,520 --> 00:32:02,520 Speaker 2: numbers out today. It is seven minutes away from Sex 575 00:32:02,560 --> 00:32:03,320 Speaker 2: News Talks eb. 576 00:32:04,360 --> 00:32:08,160 Speaker 3: Ryan Bridge New for twenty twenty four on early edition 577 00:32:08,400 --> 00:32:11,760 Speaker 3: with Smith City, New Zealand's Furniture Beds and a Playing Store. 578 00:32:11,920 --> 00:32:15,240 Speaker 2: News Talk ZIBB five away from Sex News TALKSB and 579 00:32:15,400 --> 00:32:19,960 Speaker 2: yes to everyone who's texting in. I did incorrectly refer 580 00:32:20,080 --> 00:32:24,040 Speaker 2: to Kelly Eckoldy, Westpac chief economist as a woman thought 581 00:32:24,040 --> 00:32:25,800 Speaker 2: I thought it was a woman, and then it came 582 00:32:25,840 --> 00:32:28,240 Speaker 2: on and very clearly the voice was that of a man. 583 00:32:28,760 --> 00:32:30,560 Speaker 2: Mike is with us this morning morning. 584 00:32:30,560 --> 00:32:31,479 Speaker 14: Pretty embarrassing as well. 585 00:32:31,720 --> 00:32:34,040 Speaker 2: It was an amateur mistake, wasn't it. There you go, 586 00:32:34,200 --> 00:32:36,959 Speaker 2: And then the ocr was dropping and Sorah's balls. 587 00:32:37,600 --> 00:32:42,120 Speaker 14: The OCI will talk about that today and whether we're 588 00:32:42,160 --> 00:32:44,000 Speaker 14: back in the band, as they say, and all that 589 00:32:44,040 --> 00:32:46,160 Speaker 14: sort of thing. And I am fascinated by the business 590 00:32:46,280 --> 00:32:49,960 Speaker 14: of the poll, the fifty one percent. The problem with 591 00:32:50,000 --> 00:32:51,920 Speaker 14: the fifty one percent with Luxe and being out of 592 00:32:51,960 --> 00:32:55,440 Speaker 14: touch is because if you look at the counter numbers 593 00:32:55,480 --> 00:32:58,680 Speaker 14: either people who don't care, which is met all, people 594 00:32:58,680 --> 00:33:01,680 Speaker 14: who think he's in touch actually forty nine, So it's 595 00:33:01,720 --> 00:33:04,720 Speaker 14: fifty one forty nine. So you're reading the poll and going, 596 00:33:04,720 --> 00:33:06,600 Speaker 14: you know, it's got that anti thing. But what you 597 00:33:06,640 --> 00:33:09,840 Speaker 14: can say at fifty one is the majority. 598 00:33:10,400 --> 00:33:12,520 Speaker 2: What is being in touch? Even mean it doesn't matter, 599 00:33:12,640 --> 00:33:15,360 Speaker 2: that's the pointless. And do you want somebody who knows 600 00:33:15,400 --> 00:33:17,680 Speaker 2: what it's like to you know, wake up and not 601 00:33:17,720 --> 00:33:20,000 Speaker 2: afford breakfast or do you want someone who knows how 602 00:33:20,040 --> 00:33:22,240 Speaker 2: to fix that price? Exactly? What are you electing? 603 00:33:22,360 --> 00:33:24,960 Speaker 14: Are you electing a person to run the country properly? 604 00:33:25,600 --> 00:33:27,720 Speaker 14: And if they happen to be wealthy, terrific. If they don't, 605 00:33:27,760 --> 00:33:30,840 Speaker 14: who cares? And I think you mentioned Albanezi. I mean 606 00:33:30,840 --> 00:33:34,200 Speaker 14: he's in dreadful political trouble. He's spent four points something 607 00:33:34,280 --> 00:33:37,720 Speaker 14: million dollars for a point three for a central coast house. 608 00:33:37,840 --> 00:33:39,840 Speaker 14: Good luck to the guy who cares where he lives? 609 00:33:39,840 --> 00:33:40,880 Speaker 2: Four point three million? 610 00:33:40,960 --> 00:33:41,680 Speaker 14: What's it matter? 611 00:33:41,960 --> 00:33:45,080 Speaker 2: We see, but he only got rich after becoming prime minister. 612 00:33:45,200 --> 00:33:46,840 Speaker 14: Yeah, but if you want to get well, if you think, 613 00:33:46,960 --> 00:33:49,520 Speaker 14: if you think you can become rich by becoming prime minister, 614 00:33:49,800 --> 00:33:51,840 Speaker 14: be the prime minister. Then stop whining. 615 00:33:51,880 --> 00:33:55,120 Speaker 2: Anyway, more on that later, Mark next. I'll see you tomorrow. 616 00:33:55,200 --> 00:33:57,000 Speaker 2: Have a great day. 617 00:33:58,160 --> 00:34:01,160 Speaker 3: For more from Early Edition with Ryan Rich, listen live 618 00:34:01,280 --> 00:34:04,280 Speaker 3: to News Talks it'd be from five am weekdays, or 619 00:34:04,360 --> 00:34:06,240 Speaker 3: follow the podcast on iHeartRadio.