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Speaker 1: Questions, answers, facts, analysis, The Drive show you trust for

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Speaker 1: the full picture. Heather duper Clan Drive with One New

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Speaker 1: Zealand let's get connected news talks.

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Speaker 2: That'd be.

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Speaker 3: Hey, good afternoon, Welcome to the show. Coming up today

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Speaker 3: the Government's Chief Victims Advisor, Ruth Money. It's going to

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Speaker 3: talk us through the case of the man who has

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Speaker 3: murdered twice and been found insane both times. Education Minister

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Speaker 3: Erica Stanford on her plan to have students learn financial

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Speaker 3: literacy at school and Wellington City Councilor Ben McNulty on

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Speaker 3: why they vote voted to support the right to vote

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Speaker 3: at sixteen. Heather Dupercy, Ala, I want to talk a

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Speaker 3: little bit more about Nicola Willis's tight budget. Now. I

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Speaker 3: haven't changed my position from yesterday. I am still impressed

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Speaker 3: at how little she's giving herself to play with here

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Speaker 3: in this one. But the truth is this doesn't really

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Speaker 3: go far enough, does it. I mean it doesn't go

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Speaker 3: far enough at all. Because understand this, that one point

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Speaker 3: three billion dollars that she's given herself and her operating

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Speaker 3: allowannge is new spending. As in, what you need to

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Speaker 3: do is take last year's budget and now increase it

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Speaker 3: by one point three billion dollars. Now, for context, last budget,

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Speaker 3: nicolau Will has spent more money than Grant Robertson ever

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Speaker 3: did in any of his budget. So take the biggest

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Speaker 3: budget yet nicola willis is one, and I'll add another

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Speaker 3: one point three billion dollars to it. That's how big

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Speaker 3: it's going to be. Now, look, I understand this is

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Speaker 3: conventional politics. This is what happens every year. The budget

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Speaker 3: goes up every single year. The last time it didn't.

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Speaker 3: The last time we had a zero budget was basically

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Speaker 3: about fifteen years ago, was Bill English's twenty eleven budget,

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Speaker 3: and he didn't add any more money than he did

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Speaker 3: the previous year he had a zero budget because of

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Speaker 3: course we'd have the earthquake. But what that tells you

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Speaker 3: is that it is possible, isn't it. It's possible to

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Speaker 3: not increase the spending. And I would argue that is

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Speaker 3: exactly what we should be doing at the moment, because

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Speaker 3: we are in big financial trouble as a country. We

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Speaker 3: are running structural deficits. Our structural deficit is around the

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Speaker 3: largest in the OECD. Now what that means is that

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Speaker 3: every single year we are spending more money than we

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Speaker 3: make as a country. And this is every year. This

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Speaker 3: is even in years when the economy is running red hot.

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Speaker 3: We're still spending more money than we could possibly make.

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Speaker 3: If it was a household, we'd be talking about a

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Speaker 3: family spending more than they earn and then running up

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Speaker 3: that difference in credit cards every year, but then also

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Speaker 3: making the crazy decision to increase their spending even though

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Speaker 3: they're living off the credit card. That's what we're doing now.

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Speaker 3: I think we need to cut some big things here.

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Speaker 3: I don't want to be accused of being a racist,

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Speaker 3: so I'm reluctant to say publicly that we should cut

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Speaker 3: the Ministry for Marti Development or the Ministry for Pacific Peoples.

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Speaker 3: But I am a woman, and I'm very happy to

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Speaker 3: see us cut the women's Ministry because why on earth

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Speaker 3: do we need that? What's it doing to your life? Nothing?

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Speaker 3: And then also why do we have a ministry for

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Speaker 3: the environment and also a Department of Conservation. I feel

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Speaker 3: like we can cut a lot of these departments and

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Speaker 3: save a whole lot of money. I could go on.

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Speaker 3: But if we don't get real, and this is the

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Speaker 3: real point here, if we don't get real and if

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Speaker 3: we don't start running smaller budgets where we spend within

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Speaker 3: our means on the regular, something we'll have to give

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Speaker 3: in this country. And the thing that every commentator out

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Speaker 3: there seems to want to cut is your pension because

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Speaker 3: it is the most expensive thing in this country apparently. Now,

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Speaker 3: if I had a choice personally, I would keep the pension,

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Speaker 3: and I would cut nonsense like the Women's Ministry and

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Speaker 3: every other ministry we don't need, and I would stop

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Speaker 3: spending more every year than we did in the last year,

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Speaker 3: just because that's what we do now. Like I say,

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Speaker 3: I am impressed with what Nikola Willis is doing. She's

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Speaker 3: going further than I thought that she would, but not

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Speaker 3: far enough if we're actually going to fix this country's books.

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Speaker 1: Heather DUPLESSYLA nine.

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Speaker 3: Two nine two is the text number. Standard text fees apply.

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Speaker 3: I'm happy to hear what you've got to say about it. Now.

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Speaker 3: Cabinet has agreed to reinstate a total ban on prisoners

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Speaker 3: being allowed to vote in general elections. So in twenty

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Speaker 3: fifteen there was a High Court ruling that said a

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Speaker 3: blanket ban on prisoner voting was in direct opposition to

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Speaker 3: the Bill of Rights Act. Labour then allowed the prisoners

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Speaker 3: serving less than three years to vote from prison, but

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Speaker 3: Justice Minister Paul Goldsmith is going to overturn that. Graham

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Speaker 3: Edgler is a lawyer specializing in electoral law and is

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Speaker 3: with us now, Hey Graham, Hello, do you reckon? Is

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Speaker 3: Paul Goldsmith doing the right thing?

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Speaker 4: I think probably not, mostly because of the randomness. You know,

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Speaker 4: if someone's got a life sentence or ten years or something,

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Speaker 4: they're going to miss out on voting elections. For someone

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Speaker 4: who's got maybe a one year sentence, then the question

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Speaker 4: of whether they actually get banned from voting turns on

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Speaker 4: or were they sentenced in twenty twenty three or twenty

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Speaker 4: twenty five. Did they spend nine months on remand waiting

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Speaker 4: for their sentence and then get sentenced, in which case, well,

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Speaker 4: if they were on remand, they got to vote, But

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Speaker 4: the person who was charged alongside them at the same time,

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Speaker 4: who gets the same sentence, but who didn't have to

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Speaker 4: serve any on remand, they won't be able to vote

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Speaker 4: because their entire sentence will be served as a sentence

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Speaker 4: rather than on pretroal remand. And so when you're dealing

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Speaker 4: with the people on three years or less. It's the

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Speaker 4: randomness that makes it sort of unreasonable. This person who

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Speaker 4: got a two year sentence gets to vote because they've

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Speaker 4: got sentence at the right time in the cycle. This

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Speaker 4: person who got a six month sentence doesn't because their

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Speaker 4: sentence was a month before the election. And it's sort

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Speaker 4: of the randomness. It's not, well, is it a good

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Speaker 4: reason for that person to be denied to vote? But

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Speaker 4: that person not. And that's that's why the three year

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Speaker 4: rule has some sort of sense to it.

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Speaker 3: How many of them do you reconnize something they're going

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Speaker 3: this is so unfair.

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Speaker 4: Probably not many, And I don't know if all that

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Speaker 4: many people actually voted.

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Speaker 3: If they don't care who cares well?

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Speaker 4: Who cares well? They're going to take more time with

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Speaker 4: Parliament to change the law. You know, it's gone back

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Speaker 4: to three years already.

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Speaker 5: Yeah, you know.

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Speaker 4: So it's like, you know, people have got long sentences.

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Speaker 4: They're not kiving of it. The people you think, you know,

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Speaker 4: the murderers, the rapists, the whatever, you know, it's the

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Speaker 4: people on short sentences. That's the people we're arguing about.

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Speaker 4: And do the people who care enough really care that

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Speaker 4: it's worth spending time to do it really given given

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Speaker 4: the randomness that's involved, and who gets what I mean.

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Speaker 3: It's one of these it's one of these debates where

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Speaker 3: it's kind of theoretical, and I take your point. It's

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Speaker 3: an interesting point to make, but that's about it. It's interesting.

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Speaker 3: I mean, if these guys don't actually care about voting,

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Speaker 3: and the rest of us are largely just cross with

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Speaker 3: them for being, you know, misbehaving, and we want to

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Speaker 3: punish them a little. But then if they don't actually

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Speaker 3: want to be able to vote, why would anybody argue

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Speaker 3: on their behalf? Just leave them to it?

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Speaker 6: I think, just.

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Speaker 4: Equally the other way around, though, you know, it's the

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Speaker 4: if you don't really like but some of them argument,

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Speaker 4: it's part of being it's part of being in a community.

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Speaker 3: Haven't they lost that right by being by being naughty.

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Speaker 4: They've lost the right to be free. They haven't lost

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Speaker 4: all of the other Like yeah, Like, are there any

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Speaker 4: other rights that we want to deny them? Yeah, So

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Speaker 4: we're going to deny them the right to movement and

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Speaker 4: deny them freedom the you have not not watched the TV, don't.

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Speaker 3: Get me started, because because yes, I'd say, yeah, I'd

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Speaker 3: want to take their TVs off them, and I want

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Speaker 3: to take all the nice food that they have off

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Speaker 3: them and all of their clothes as well, and really

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Speaker 3: punish them properly. You know, there will be a lot

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Speaker 3: of people out there who actually think they have too

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Speaker 3: easy to go in jail, and so this is just

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Speaker 3: a tiny little punishment, isn't it.

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Speaker 4: The people they're thinking about when they think that, aren't

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Speaker 4: the people are getting six months or nine months sentence.

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Speaker 4: The people you think of, oh, that's too easy or

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Speaker 4: something like that. It's the people who are getting life sentences.

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Speaker 4: The people who you're in for ten years for aggravated

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Speaker 4: robbery and wounding with intent and things like that. You know,

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Speaker 4: it's the people we're talking about are much much less

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Speaker 4: serious offenders because the law has always banned people for

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Speaker 4: three years or more.

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Speaker 3: I take your point, and I think you are making

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Speaker 3: some interesting points here. Actually, though, why is this even happening?

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Speaker 3: I mean, this is the thing that it wasn't a

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Speaker 3: point of discussion. What's in it for the NATS to

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Speaker 3: do this.

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Speaker 4: They're doing a bill anyway, so it's not doing it

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Speaker 4: as a one off that they had. The Election Review

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Speaker 4: Selick Committee came back with a whole bunch of recommendations.

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Speaker 4: The government sort of accepted almost all of them. Some

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Speaker 4: of them are going to do straight away before the

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Speaker 4: next election, some of them are going to be a

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Speaker 4: bit more work, and maybe we'll look at down the

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Speaker 4: line and this is just going to get added to

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Speaker 4: the list. And the government put out the press release

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Speaker 4: today because they wanted the news story because they think

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Speaker 4: it looks good for them, and so you know, they

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Speaker 4: could have announced half a dozen other changes which no

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Speaker 4: one would have cared about, because you know, it's some

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Speaker 4: election financier all or something like that, which no one

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Speaker 4: understands and most people don't need to if you're not

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Speaker 4: running a political party.

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Speaker 3: You're true. Hey Graham, listen, thanks for talking us through

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Speaker 3: to do appreciate it. There's gramm edually human rights lawyer.

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Speaker 7: Heather.

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Speaker 3: If you're in jail for a crime against people, you

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Speaker 3: don't deserve the vote, take the lot off them. Look

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Speaker 3: his I you know what what I'm discovering is the

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Speaker 3: older that I get, the less I care about these people.

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Speaker 3: When I was young and bleeding heart and you know,

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Speaker 3: I like heartily voting green all of the time, I

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Speaker 3: really did care that these people got the vote. But

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Speaker 3: the older I get, the least I care is this

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Speaker 3: just does this happen to all of us? We're just

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Speaker 3: our tolerance for people who misbehave in land in jail because,

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Speaker 3: let's be honest about it, you don't land in jail

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Speaker 3: nowadays because you nicked a car. You know, like it

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Speaker 3: takes a serious you have to do something serious to

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Speaker 3: land in jail because nowadays we've got a lot of

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Speaker 3: rope there, do you know what I mean? So if

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Speaker 3: you're landing in jail because you've done something really bad,

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Speaker 3: and I just don't give two hotes about you anymore,

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Speaker 3: and I think that it's just me getting old, isn't it.

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Speaker 3: Sixteen past four.

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Speaker 1: It's the Heather Dupers Allen Drive Full Show podcast on

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Speaker 1: iHeartRadio powered by News Talk.

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Speaker 3: Zipp Darcy nineteen pass four By the way, Darcy Watergrave

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Speaker 3: Sports Talk Hoosters with me, Hey Dars, Hello, Hello. Going

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Speaker 3: on with the Indian Panthers and are they not paying?

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Speaker 3: They're not paying their players? This is a crazy story.

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Speaker 8: Did this thing just start up watching eight weeks ago?

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Speaker 8: Right from the get go it was stumbling very late.

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Speaker 8: Addition to the league, the whole idea of that was

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Speaker 8: a development side with a whole of Indian players coming

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Speaker 8: over to play out of South Auckland and then the

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Speaker 8: Panthers and then things started to go wrong. The first

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Speaker 8: thing that went wrong, they only turned up with three

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Speaker 8: or four players because suddenly all of the players that

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Speaker 8: they like signed up got called into Indian basketball camps

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Speaker 8: for national duty. So suddenly they got tricked and hobbled

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Speaker 8: by that. And then since then, well they can't win.

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Speaker 8: For a start, it's not ideal, but they haven't had

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Speaker 8: the full gathered of players. So let's understand a lot

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Speaker 8: of Kiwi's and other imports have been climbing into help out.

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Speaker 8: The coach left even before the first game started, and

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Speaker 8: then last night they didn't even play in their innational game.

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Speaker 8: There was yeah, there was talk of a walkout on

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Speaker 8: live TV, but didn't happen because they didn't play.

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Speaker 3: But what we officially told was the reason that they.

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Speaker 8: Oh no, no. One team said we missed the oh

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Speaker 8: we couldn't deal with the traffic, and the other team said, yeah,

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Speaker 8: well we're not. We're not doing this anymore. And so

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Speaker 8: there's been basketball. The Ziland have been with the Sales

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Speaker 8: NBL Commission today in meat with all twelve teams involved

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Speaker 8: in the NBA. We heard Nick Mills earlier today saying

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Speaker 8: get them out, but they won't. They'll work out a way.

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Speaker 2: To keep them.

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Speaker 8: And I suppose when you look at the ramifications of

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Speaker 8: being thrown out of the league, it comes down to

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Speaker 8: the sponsorship, It comes down to other teams playing and

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Speaker 8: what they've promised their sponsors. It's very messy, it's very

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Speaker 8: tied up. The easiest and we go get out. You've

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Speaker 8: been a disaster. But they can't do that now.

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Speaker 3: Because presumably the whole thing is set up, the rosters

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Speaker 3: set up and whatnot for who plays her.

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Speaker 8: Yeah, they know what the timetable is and they've ad

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Speaker 8: have planned for renting out of various courts to go

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Speaker 8: and play and so on and so on. And there's

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Speaker 8: one guy who claimed on social media, like to get

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Speaker 8: paid for two months. So I'm up and I've gone

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Speaker 8: or I've gone to the giants.

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Speaker 3: Where's the due diligence before you admitted squad?

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Speaker 8: Well you listen out to the CEO because he joins

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Speaker 8: us on the show this evening up after seven o'clock. Yeah,

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Speaker 8: it's it's messy, and there's a lot of excuses fighting

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Speaker 8: around this talk of someone who has gone into the side,

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Speaker 8: who's got bad blood with the team, and they are

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Speaker 8: trying to undermine the team, and they're going out of

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Speaker 8: their way to undermine the team. But you look back

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Speaker 8: and you go, this is a mess. And my first

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Speaker 8: thought when they started this team off was, hey, this

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Speaker 8: is very fast. This is too quick, too quick, and

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Speaker 8: you cannot climb into something like this with no preparation

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Speaker 8: and expect things to go well, they won't.

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Speaker 3: You cannot tell they won't. You cannot tell me les

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Speaker 3: Kiss is a real name.

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Speaker 8: Yeah, I don't know if it's Leslie or Leicester. I'm

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Speaker 8: not entirely sure.

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Speaker 3: Le's Kiss les Kiss, that's not a real name.

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Speaker 8: Might be telling that. No, No, I think it's Leicester,

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Speaker 8: but not yet because he's waiting for another year because

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Speaker 8: he's got to see out his read's contract. Okay, And

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Speaker 8: so what I'm thinking, and I think of nothing to

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Speaker 8: back this up. What I'm thinking is Rugby Australia wan, Oh,

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Speaker 8: you can't really afford to pay his contract outside Joe,

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Speaker 8: could you stick around for another years?

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Speaker 3: And then Joe is just going to knock it out

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Speaker 3: of the past.

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Speaker 8: And we'll give you maybe half of the money that

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Speaker 8: we had to give him to buy. I don't know this,

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Speaker 8: but I'm just throwing these ideas near but that's what happened.

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Speaker 8: But it's really good for Australian rugby because, let's case,

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Speaker 8: it's an Aussy's lead player, but he's an Aussie and

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Speaker 8: the reads have gone really, really well and a year

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Speaker 8: under the wing of Joe Schmidt massive for this guy

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Speaker 8: to learn the trade. So it's a good news story

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Speaker 8: for Australian rugby.

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Speaker 3: And it's not Eddie Jones.

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Speaker 8: And it's not a key We.

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Speaker 3: Thank you, dark appreciated any day it's not Eddie Jones.

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Speaker 3: Is a good day, Dues the water Grave Sports Talk Coast.

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Speaker 3: He'll be back at seven. It's four twenty.

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Speaker 1: Three, moving the big stories of the day forward. It's

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Speaker 1: Hither Duplicy on drive with one New Zealand. Let's get

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Speaker 1: connected news talks that'd be Hey, this.

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Speaker 3: Is news that is just coming in. By the way,

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Speaker 3: it's twenty six past four. This is news that's just

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Speaker 3: coming in. The Arter Teddy is going to be retired

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Speaker 3: as one of the fairies that goes across the cook Straight.

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Speaker 3: Now the Arter Teddy is the only rail enabled fairy

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Speaker 3: that we've got, and yes, it is, of course the

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Speaker 3: one that ran aground. Now it's somewhat surprising to hear

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Speaker 3: this news because it's already a shit show, there, isn't it.

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Speaker 3: Can we say that we have said that the cock

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Speaker 3: straight is a complete disaster, isn't it? So if it's

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Speaker 3: a complete disaster with three fairies running now, it's going

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Speaker 3: to be two fairies running now We're in real trouble,

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Speaker 3: aren't we, And one of them is the only rail

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Speaker 3: enabled one. The reason they're doing this is because they

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Speaker 3: need to do some import infrastructure work blah blah blah

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Speaker 3: to get ready for the new big Fairies, and so

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Speaker 3: they they don't need can't use ardno this one. They're

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Speaker 3: going to retire it this year. Putting in calls right

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Speaker 3: now to kipi Rolse just find out what the hell

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Speaker 3: is going on because the rest of us, we're all

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Speaker 3: expecting this thing to keep running till twenty twenty nine,

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Speaker 3: so this is something of a surprise. Also, we are

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Speaker 3: going to talk later in the program about a really

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Speaker 3: worrying case that's been revealed today. It's a man who's

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Speaker 3: murdered for a second time. Right, So Chap murdered twenty

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Speaker 3: years ago and was found to be insane, and then

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Speaker 3: he was made a special patient under the Mental Health Act,

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Speaker 3: and then ten years ago was lest out. So you

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Speaker 3: can assume from that that they were like, oh, he's

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Speaker 3: not a threat anymore. He could go back into the

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Speaker 3: community and there must have been some observation and blah

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Speaker 3: blah blah that was going on. So let out ten

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Speaker 3: years ago, has murdered again again, it's found to be

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Speaker 3: insane and not guilty for it. Now we will all

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Speaker 3: know who this person is. The only trouble is because

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Speaker 3: the first murder was quite high profile. The only trouble

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Speaker 3: is his name is suppressed, so there's only so much

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Speaker 3: that we know. At the moment, we can't say who

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Speaker 3: it is. I don't know who it is, But when

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Speaker 3: the name comes out, we will all know who it is.

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Speaker 3: The question, of course, is how on earth has this happened?

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Speaker 3: How on earth have we let someone out who's gone

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Speaker 3: on to murder again. We're gonna have a chat to

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Speaker 3: Ruth Money, special victim's advocate to the government. After five o'clock,

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Speaker 3: News is next.

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Speaker 1: Mine, recapping the day's big news and making tomorrow's headlines.

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Speaker 1: It's hither duplicy Ellen drive with one New Zealand let's

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Speaker 1: get connected news dogs.

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Speaker 2: That'd be.

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Speaker 3: They didn't let very to go a steering system upgrade

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Speaker 3: right before it ran aground, and now it's being retired,

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Speaker 3: and we consistently told our current firies we got until

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Speaker 3: twenty twenty nine. Seems like some diabolical planning going on here. Yeah. Now,

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Speaker 3: apparently I'm told by well, how would I describe them?

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Speaker 3: The transporting industry right that. Apparently this was completely expected

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Speaker 3: because the minute we started working on the port infrastructure

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Speaker 3: that out of Teddy can't dock there. So therefore they

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Speaker 3: were expecting this. They're not at all surprised by it.

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Speaker 3: But then you have to wonder, well, why were you

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Speaker 3: spending all that money on the steering upgrade if you're

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Speaker 3: just going to retire the thing in twenty twenty five anyway,

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Speaker 3: hope to hear from Kiwi Rail about that at some stage.

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Speaker 3: Apparently Okay, So apparently it is completely normal to lose

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Speaker 3: as you get older, to lose interest in the rights

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Speaker 3: of prisoners. Hither, you're not getting older, you're just maturing,

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Speaker 3: thank you, Carol. Hither you're not getting older, You're finally

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Speaker 3: waking up to the fact that they don't consider any consideration.

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Speaker 3: They don't deserve any consideration. Heither it happens to most

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Speaker 3: of us. Wait till you hit your fifties, it's ruthless.

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Speaker 3: So I've gone from caring about the prisoners in my

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Speaker 3: twenties to being completely apathetic. I just do not care

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Speaker 3: in my forties. But apparently when I get to my fifties,

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Speaker 3: it's going to get more ruthless than this. But now

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Speaker 3: so I'm going to be aggressively anti prisoners in my fifties.

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Speaker 3: But also remember couple that with my menopause. That's going

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Speaker 3: to have to happen at some stage, and it's going

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Speaker 3: to be new clear, isn't it? Twenty three away from five?

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Speaker 1: It's the world wires on newstogs Eddy Drive.

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Speaker 3: Donald Trump is held the rally in Michigan to celebrate

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Speaker 3: the first one hundred days of his second US presidency.

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Speaker 3: Trumpeted his administration's achievements like tightening up the border with Mexico.

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Speaker 3: Senate my Minority Leader Chuck Schumer has a slightly dimmer

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Speaker 3: view of the president's first one hundred days.

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Speaker 9: Donald Trump's first hundred days have been one hundred days

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Speaker 9: from hell. Donald Trump is not governing like a president

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Speaker 9: of a democratic republic. He's acting like a king, a despot.

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Speaker 9: Wanna be dictator.

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Speaker 3: Over in Australia, it's day two of the trial of

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Speaker 3: the alleged mushroom murderer Aaron Patterson. Now she's accused of

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Speaker 3: poisoning four of her in laws with death cat mushrooms.

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Speaker 3: BBC correspondent Katie Watson was in court.

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Speaker 10: One of the things that prosecution talked about was that Heather,

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Speaker 10: in the aftermath of the lunch, had told Simon, who

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Speaker 10: was Aaron Patterson's strange husband. Aaron put her food on

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Speaker 10: different plates to us, her plate has had colors on it.

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Speaker 11: I wondered why that was.

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Speaker 3: And finally, in the.

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Speaker 5: World of magic, everything that disappears reappears.

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Speaker 3: It is very good to be back. An upcoming Hollywood

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Speaker 3: film has given away free money as a publicity stunt.

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Speaker 3: The third Now You See Me film has been announced

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Speaker 3: for a November release. The series is about magicians robbing

401
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Speaker 3: banks and giving away all the money, and a billboard

402
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Speaker 3: promoting now you see Me, Now you don't has gone

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Speaker 3: up in Times Square and anyone who signed up to

404
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Speaker 3: the phone number on the billboard before a countdown expired,

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Speaker 3: was rewarded with one hundred and nineteen US.

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Speaker 1: Dollars International correspondence with Ends and Eye Insurance Peace of

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Speaker 1: Mind for New Zealand Business.

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Speaker 3: Dan Machison, US correspondent with US Now, Hey, Dan, Hey, Heather. Okay, So,

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Speaker 3: hundred days of Donald Trump? And was his speech really

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Speaker 3: three hours long?

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Speaker 6: It wasn't three hours long. It was ninety minutes long.

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Speaker 6: It may have seemed longer because he has ten hours. Yes,

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Speaker 6: And you know, there was nothing really surprising on you

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Speaker 6: out of this. I mean, he was talking about his

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Speaker 6: program on deporting undocumented migrants in the economy. He took

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Speaker 6: jabs at Democrats, and I mean, you're looking at the

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Speaker 6: one hundred days. I don't necessarily think this determines the

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Speaker 6: rest of a president's term, but I do think the

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Speaker 6: first one hundred days. Why we make such a big

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Speaker 6: deal of it over here is it's kind of given

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Speaker 6: us an idea of a person's priorities and maybe some

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Speaker 6: of the problems that we could be looking at with

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Speaker 6: the president. He has signed one hundred and forty two

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Speaker 6: executive orders, He has signed a number of laws, into effect.

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Speaker 6: But just remember a lot of these big ticket items

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Speaker 6: that he's signed, these executive orders, can also be overturned

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Speaker 6: by the next person that comes in office too.

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Speaker 3: I mean a lot of what he will have been

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Speaker 3: doing with that rally is just trying to keep spirits

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Speaker 3: up right because there must be some serious doubt creeping

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Speaker 3: in over how he's handling this business with the tariffs

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Speaker 3: in the economy.

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Speaker 6: Well, there is, and I think there's been. You know,

434
00:20:38,000 --> 00:20:39,560
Speaker 6: he's trying to get his commitment to a lot of

435
00:20:39,600 --> 00:20:44,040
Speaker 6: the automakers and Troy manufacturing sector in the heartland, and

436
00:20:44,080 --> 00:20:46,880
Speaker 6: I think, like you said, there is there's some dissatisfaction

437
00:20:46,960 --> 00:20:50,840
Speaker 6: with his economic agenda, and there is also some satisfaction

438
00:20:50,960 --> 00:20:53,040
Speaker 6: as well, because there are, of course those supporters who

439
00:20:53,119 --> 00:20:55,600
Speaker 6: like his agenda likely will for as long as he's

440
00:20:55,640 --> 00:20:57,760
Speaker 6: in office. But there's been a lot of I think

441
00:20:57,880 --> 00:21:01,040
Speaker 6: nervous Nelly's you might say, with a start writing the

442
00:21:01,119 --> 00:21:02,680
Speaker 6: roller coaster like it has been too.

443
00:21:02,760 --> 00:21:05,199
Speaker 3: Right now, do we have any idea who this country is?

444
00:21:05,240 --> 00:21:06,960
Speaker 3: That which country it is that they've signed the first

445
00:21:07,000 --> 00:21:07,640
Speaker 3: trade deal with.

446
00:21:08,359 --> 00:21:11,320
Speaker 6: And no, he's been very secretive about that. I think

447
00:21:11,359 --> 00:21:13,600
Speaker 6: we're going to find out more by this time tomorrow.

448
00:21:13,600 --> 00:21:17,600
Speaker 6: But they are saying that there is at least one

449
00:21:17,640 --> 00:21:20,240
Speaker 6: country that has agreed to the trade tariffs right now,

450
00:21:20,280 --> 00:21:22,560
Speaker 6: and he's trying to ease up on some of the

451
00:21:22,600 --> 00:21:25,160
Speaker 6: tariffs for the car industry over here, so he's giving

452
00:21:25,200 --> 00:21:28,520
Speaker 6: some credits and some reliefs. And I think what he's

453
00:21:28,560 --> 00:21:31,920
Speaker 6: doing right now is that he's trying not to lose face.

454
00:21:31,960 --> 00:21:34,480
Speaker 6: Maybe he's stepping back just a little bit, and maybe

455
00:21:34,480 --> 00:21:36,679
Speaker 6: this is him listening to his advisors. And the polls

456
00:21:36,800 --> 00:21:39,080
Speaker 6: show that these tariffs are really at the top of

457
00:21:39,119 --> 00:21:41,359
Speaker 6: everybody's mind right now, and they've been hurting his public

458
00:21:41,400 --> 00:21:42,040
Speaker 6: poll numbers.

459
00:21:42,480 --> 00:21:44,760
Speaker 3: It's not the UK, is it that's the first country?

460
00:21:44,760 --> 00:21:46,400
Speaker 3: Because everybody would have thought it would be the UK

461
00:21:46,400 --> 00:21:48,359
Speaker 3: because they talk that out, But the UK apparently has

462
00:21:48,400 --> 00:21:51,040
Speaker 3: just been told that it's second order priority for the US.

463
00:21:51,960 --> 00:21:52,200
Speaker 12: Yeah.

464
00:21:52,440 --> 00:21:53,840
Speaker 6: I mean, you know a lot of people have been

465
00:21:53,840 --> 00:21:54,800
Speaker 6: trying to second guessing.

466
00:21:54,920 --> 00:21:55,439
Speaker 12: Is it somebody?

467
00:21:55,480 --> 00:21:57,800
Speaker 6: Is it a country in Asia? Is it going to

468
00:21:57,800 --> 00:22:00,360
Speaker 6: be you know, Canada? Is he going to completely blow

469
00:22:00,400 --> 00:22:02,720
Speaker 6: off everything he said he was going to do to Mexico,

470
00:22:02,720 --> 00:22:05,040
Speaker 6: which is just a huge trading partner with US. So,

471
00:22:05,680 --> 00:22:07,600
Speaker 6: I mean, it's anybody's guest at this point right now.

472
00:22:07,640 --> 00:22:09,359
Speaker 6: It'd be nice if he just came out and said it,

473
00:22:09,400 --> 00:22:11,359
Speaker 6: if it was all signed and sealed, but it's not

474
00:22:11,440 --> 00:22:11,880
Speaker 6: at this point.

475
00:22:11,920 --> 00:22:14,320
Speaker 3: Apparently, what's going on with sixty Minutes.

476
00:22:15,160 --> 00:22:17,040
Speaker 6: Boy, this surprised a lot of people over here, and

477
00:22:17,080 --> 00:22:19,600
Speaker 6: it's all anybody's been talking about to their executive producer,

478
00:22:19,640 --> 00:22:21,600
Speaker 6: and they've only had three in the almost sixty years

479
00:22:21,600 --> 00:22:25,119
Speaker 6: they've been on the air over here resigned and Scott Pelley,

480
00:22:25,119 --> 00:22:28,600
Speaker 6: who's the number one correspondent over here, basically took a

481
00:22:28,600 --> 00:22:32,840
Speaker 6: shot at the parent company, Paramount, saying that they've been

482
00:22:32,920 --> 00:22:35,680
Speaker 6: influencing the show's coverage and that's why their executive producer

483
00:22:35,760 --> 00:22:39,360
Speaker 6: stepped down. And Paramount is trying to complete this multi

484
00:22:39,359 --> 00:22:43,800
Speaker 6: gazillion dollar merger with Skydance, which could require regulatory approval

485
00:22:43,840 --> 00:22:46,960
Speaker 6: from the Trump appointed FCC. So connect the dots, and

486
00:22:47,000 --> 00:22:49,520
Speaker 6: this goes back to a big New York Times investigation

487
00:22:49,560 --> 00:22:52,199
Speaker 6: that they started looking into back and I think it

488
00:22:52,240 --> 00:22:54,600
Speaker 6: was February as well. So and Trump of course still

489
00:22:54,600 --> 00:22:57,040
Speaker 6: has vendetta against sixty Minutes for this interview they did

490
00:22:57,040 --> 00:22:59,600
Speaker 6: with Kamala Harris, and they're in the middle of a lawsuit.

491
00:23:00,920 --> 00:23:02,760
Speaker 6: I think they're treading on a lot of egg shells

492
00:23:02,840 --> 00:23:05,240
Speaker 6: right now and it's certainly a turning point for journalism.

493
00:23:05,320 --> 00:23:07,800
Speaker 3: Orig Dan, thank you for talking us through it, really appreciated.

494
00:23:07,840 --> 00:23:09,240
Speaker 3: Dan Mitchinson, US corresponding.

495
00:23:09,280 --> 00:23:09,399
Speaker 7: Yees.

496
00:23:09,440 --> 00:23:11,560
Speaker 3: So what's happened in the US, because everybody obviously wants

497
00:23:11,560 --> 00:23:13,199
Speaker 3: a free trade deal with the US to try and

498
00:23:13,200 --> 00:23:15,399
Speaker 3: get around these tariffs and whatnot. What's apparently happened is

499
00:23:15,440 --> 00:23:19,960
Speaker 3: they've split it into three different categories and it's Phase one,

500
00:23:20,040 --> 00:23:21,800
Speaker 3: Phase two, and phase three, And obviously you want to

501
00:23:21,840 --> 00:23:23,840
Speaker 3: be in phase one because that's their priority. The UK

502
00:23:23,960 --> 00:23:26,159
Speaker 3: has just been told they're in Phase two. They will

503
00:23:26,240 --> 00:23:29,199
Speaker 3: not be stoked about it. They are desperate, desperate for

504
00:23:29,240 --> 00:23:33,040
Speaker 3: a free trade deal with the US. Apparently Asian countries

505
00:23:33,080 --> 00:23:35,800
Speaker 3: are predominantly in Phase one. That's who the US wants

506
00:23:35,800 --> 00:23:38,400
Speaker 3: to be dealing with, and apparently South Korea is top

507
00:23:38,440 --> 00:23:42,280
Speaker 3: of the list. There you go. Now, financial literacy right

508
00:23:42,440 --> 00:23:44,919
Speaker 3: Erica stand for The Education Minister's announced that there will

509
00:23:44,960 --> 00:23:48,760
Speaker 3: be financial literacy introduced in schools from year one all

510
00:23:48,760 --> 00:23:50,760
Speaker 3: the way through to year ten, so that basically take

511
00:23:50,840 --> 00:23:52,960
Speaker 3: what does that take you through to fourth form? Is

512
00:23:53,000 --> 00:23:55,520
Speaker 3: basically what that is. Right, It'll start next year and

513
00:23:55,520 --> 00:23:58,840
Speaker 3: it'll be compulsory from twenty twenty seven. It'll take a

514
00:23:58,840 --> 00:24:02,360
Speaker 3: staged approach. The young kids will learn basics like distinguishing

515
00:24:02,440 --> 00:24:07,800
Speaker 3: needs from wants, having a bank account, earning, spending, saving,

516
00:24:08,000 --> 00:24:10,280
Speaker 3: and so on, and then the older kids will tackle

517
00:24:10,320 --> 00:24:14,800
Speaker 3: more complex topics, including budgeting, investment, interest, taxes, and insurance

518
00:24:15,200 --> 00:24:19,720
Speaker 3: to help build lifelong financial skills. Now, I don't know

519
00:24:19,720 --> 00:24:21,080
Speaker 3: how I mean. I'd love to know how you feel

520
00:24:21,080 --> 00:24:22,520
Speaker 3: about it, because I've got to be honest with you.

521
00:24:22,600 --> 00:24:24,639
Speaker 3: I just am not loving this. Like I feel like

522
00:24:24,720 --> 00:24:28,280
Speaker 3: school is for learning how to read, how to write.

523
00:24:28,920 --> 00:24:32,320
Speaker 3: You know, basic mathematics and then advanced mathematics as you

524
00:24:32,359 --> 00:24:37,400
Speaker 3: get older, sciences, history, music, like there is so much

525
00:24:37,440 --> 00:24:41,359
Speaker 3: already to learn that surely learning a basic life skill

526
00:24:41,480 --> 00:24:45,080
Speaker 3: like budgeting falls into the same category as learning to bake.

527
00:24:45,240 --> 00:24:47,760
Speaker 3: It's not something you should be learning at school. It's

528
00:24:47,800 --> 00:24:50,200
Speaker 3: something you should be learning at home because what does

529
00:24:50,200 --> 00:24:53,119
Speaker 3: it displace? But look, I might just be like just

530
00:24:53,240 --> 00:24:56,040
Speaker 3: unbelievably puritanical in my view about schooling. So you can

531
00:24:56,119 --> 00:24:57,520
Speaker 3: let me know what you think. We'll talk to Erica

532
00:24:57,560 --> 00:24:59,200
Speaker 3: Stanford ten past five. It's quarter to two.

533
00:24:59,240 --> 00:25:02,760
Speaker 1: Right now, politics with centrics credit check your customers and

534
00:25:02,800 --> 00:25:03,719
Speaker 1: get payments certainty.

535
00:25:03,800 --> 00:25:06,840
Speaker 3: Thomas Coglan, the Herald's political editors with us, Thomas Hallow.

536
00:25:06,840 --> 00:25:07,840
Speaker 13: Yeah, good afternoon.

537
00:25:07,960 --> 00:25:10,439
Speaker 3: As you predicted, means testing is coming in by the

538
00:25:10,480 --> 00:25:11,200
Speaker 3: sounds of things.

539
00:25:11,080 --> 00:25:14,560
Speaker 13: Yeah, yeah, very very interesting. I mean this was essentially

540
00:25:14,600 --> 00:25:18,840
Speaker 13: confirmed on your show yesterday. Nikola willis coming on. I've

541
00:25:18,880 --> 00:25:21,159
Speaker 13: listened back to the audio. She was asked three times

542
00:25:21,200 --> 00:25:24,560
Speaker 13: by you whether there'd be any means testing to the

543
00:25:24,600 --> 00:25:27,040
Speaker 13: best Start payment that's the seventy three dollars a week

544
00:25:27,080 --> 00:25:31,280
Speaker 13: for parents of newborn's and then key we Saver subsidies

545
00:25:31,280 --> 00:25:33,440
Speaker 13: that's up to five hundred and twenty dollars a year

546
00:25:33,440 --> 00:25:36,359
Speaker 13: if you save into your key Saver. She was asked

547
00:25:36,400 --> 00:25:38,960
Speaker 13: three times whether there would be means testing to those

548
00:25:39,560 --> 00:25:42,920
Speaker 13: those those areas of spending, and she wouldn't say no.

549
00:25:43,520 --> 00:25:45,280
Speaker 13: And it was interesting because you know, I did note

550
00:25:45,320 --> 00:25:46,840
Speaker 13: that she did say there was no changes to the

551
00:25:46,880 --> 00:25:50,000
Speaker 13: winter energy payment or the emissions trading scheme, So you know,

552
00:25:50,119 --> 00:25:51,960
Speaker 13: I think I think you can draw a pretty strong

553
00:25:51,960 --> 00:25:55,800
Speaker 13: connection between ruling one in and one out. So very interesting.

554
00:25:56,080 --> 00:25:58,359
Speaker 13: Interesting there. We'll see on May twenty second budget day,

555
00:25:58,400 --> 00:25:58,919
Speaker 13: what's happening.

556
00:25:59,080 --> 00:26:01,280
Speaker 3: Yeah, it'll be to see how much it saves as well.

557
00:26:01,280 --> 00:26:02,600
Speaker 3: But I mean these are the kinds of things we'll

558
00:26:02,600 --> 00:26:04,520
Speaker 3: have to wait for the day to actually have revealed.

559
00:26:04,720 --> 00:26:07,520
Speaker 13: I actually have. The numbers on the KIV saver subsidies

560
00:26:07,560 --> 00:26:09,840
Speaker 13: are about a billion dollars a year one point two billion,

561
00:26:09,880 --> 00:26:11,560
Speaker 13: so you wouldn't if your means testing them, you might

562
00:26:11,560 --> 00:26:13,640
Speaker 13: not get rid of all of that. But one point

563
00:26:13,720 --> 00:26:16,240
Speaker 13: two billion a year on the kV saver ones and

564
00:26:16,240 --> 00:26:18,440
Speaker 13: the best starts about three hundred and thirty million dollars

565
00:26:18,480 --> 00:26:20,760
Speaker 13: a year, so it's not small amounts of money. But

566
00:26:21,200 --> 00:26:23,440
Speaker 13: obviously we're spending about one hundred and forty billion dollars

567
00:26:23,480 --> 00:26:27,399
Speaker 13: a year, so it's there's still quite a lot to

568
00:26:27,440 --> 00:26:29,920
Speaker 13: go deficits I think about fourteen billion, so there's a

569
00:26:29,920 --> 00:26:30,480
Speaker 13: lot of money.

570
00:26:30,640 --> 00:26:32,320
Speaker 3: And so what's Labour's reaction to all of this.

571
00:26:32,800 --> 00:26:37,040
Speaker 13: Yeah, well labors were struggling awe, but they they blamed

572
00:26:37,040 --> 00:26:40,080
Speaker 13: the deficit the cuts yesterday on the fact that there

573
00:26:40,080 --> 00:26:42,560
Speaker 13: were tax cuts on the last budget, sot of saying,

574
00:26:42,600 --> 00:26:45,840
Speaker 13: you know, if we didn't do the tax cuts last year,

575
00:26:46,440 --> 00:26:48,840
Speaker 13: then you wouldn't have to do the spending cuts this year.

576
00:26:49,800 --> 00:26:53,240
Speaker 13: But of course Labor at the election obviously wasn't promising

577
00:26:53,240 --> 00:26:55,320
Speaker 13: big tax cuts and did have the GST cut, but

578
00:26:55,320 --> 00:26:58,600
Speaker 13: they were promising far more spending than the that so

579
00:26:58,640 --> 00:27:01,840
Speaker 13: it's not as if it's not as if Labor were

580
00:27:01,880 --> 00:27:04,880
Speaker 13: re elected and this government was elected, that the books

581
00:27:04,920 --> 00:27:07,280
Speaker 13: would be in any better shape. Yes, public services would

582
00:27:07,320 --> 00:27:10,399
Speaker 13: have more funding based on what Labor was promising, but

583
00:27:10,480 --> 00:27:12,480
Speaker 13: also based on what Labor was promising, there would be

584
00:27:12,480 --> 00:27:14,760
Speaker 13: far more borrowing to pay for that funding. So I

585
00:27:14,760 --> 00:27:17,479
Speaker 13: think Chris Hipkins is trying to have it both ways slightly.

586
00:27:17,520 --> 00:27:19,520
Speaker 13: He's sort of saying, you know, look, we'll fund public

587
00:27:19,560 --> 00:27:23,040
Speaker 13: services better and have less borrowing. You kind of you

588
00:27:23,080 --> 00:27:25,840
Speaker 13: can't really do both unless you whack a massive tax

589
00:27:25,880 --> 00:27:29,120
Speaker 13: on the side, which it doesn't look like that they're

590
00:27:29,119 --> 00:27:31,480
Speaker 13: looking to do. I think it looks like Labor's planning

591
00:27:31,880 --> 00:27:34,439
Speaker 13: a relatively modest capital gains tax this time around, and

592
00:27:34,480 --> 00:27:35,960
Speaker 13: not a big wealth tax like they were looking at

593
00:27:36,000 --> 00:27:36,760
Speaker 13: a couple of years ago.

594
00:27:37,000 --> 00:27:39,840
Speaker 3: Hey, listen, were you expecting the Artitia to be retired

595
00:27:39,840 --> 00:27:40,280
Speaker 3: this year?

596
00:27:40,680 --> 00:27:40,920
Speaker 7: Well?

597
00:27:41,240 --> 00:27:45,680
Speaker 13: There was, Interestingly enough, this was announced just this afternoon.

598
00:27:45,680 --> 00:27:48,480
Speaker 13: A couple of minutes ago. There had been some reporting

599
00:27:48,640 --> 00:27:51,280
Speaker 13: that it might need to be retired ahead of the

600
00:27:51,320 --> 00:27:53,480
Speaker 13: new theories coming in twenty twenty nine, because there needs

601
00:27:53,520 --> 00:27:55,920
Speaker 13: to be a lot more work done at the Picton terminal.

602
00:27:56,520 --> 00:27:59,320
Speaker 13: But it certainly, I certainly wasn't expecting it to be

603
00:27:59,440 --> 00:28:03,720
Speaker 13: to basically retire from service almost immediately after I think

604
00:28:03,880 --> 00:28:06,440
Speaker 13: it's entered service in nineteen ninety nine. So yeah, look,

605
00:28:06,480 --> 00:28:09,160
Speaker 13: there was a bit of speculation, but this Sydney seems

606
00:28:09,200 --> 00:28:10,560
Speaker 13: to have come as a bit of a shot to

607
00:28:10,600 --> 00:28:11,000
Speaker 13: some of us.

608
00:28:11,280 --> 00:28:13,840
Speaker 3: Yes, totally, okay, now I know because of course, if

609
00:28:13,880 --> 00:28:15,919
Speaker 3: there isn't a kerfuffle on the Cookstrait already, it's going

610
00:28:15,960 --> 00:28:17,720
Speaker 3: to cause more of a kerfuffle, isn't it. Now what

611
00:28:18,040 --> 00:28:20,720
Speaker 3: I'm getting a look, the text machine is having such

612
00:28:20,760 --> 00:28:23,240
Speaker 3: a crack at me right now because everybody on the

613
00:28:23,280 --> 00:28:26,000
Speaker 3: text machine says we need to have financial literacy in schools,

614
00:28:26,160 --> 00:28:28,439
Speaker 3: which is fine, because we need to have everything in schools.

615
00:28:28,440 --> 00:28:29,600
Speaker 3: But what are we dropping Thomas?

616
00:28:30,480 --> 00:28:33,520
Speaker 13: That is a very good question. I look, I reckon stand,

617
00:28:33,560 --> 00:28:36,760
Speaker 13: but what's chatting today about this? I actually can't see

618
00:28:36,760 --> 00:28:39,280
Speaker 13: that there is any that it's being dropped for anything.

619
00:28:39,280 --> 00:28:42,600
Speaker 13: Maybe you're aware of something I'm not. It just looks

620
00:28:42,600 --> 00:28:46,000
Speaker 13: like it's being lumped onto the curriculum. I have to

621
00:28:46,040 --> 00:28:47,920
Speaker 13: agree with your texters. I think a bit of financial

622
00:28:47,920 --> 00:28:49,840
Speaker 13: literacy is good. You know a lot of people are

623
00:28:49,880 --> 00:28:52,479
Speaker 13: doing stuff like, oh, you know, like when the tariffs

624
00:28:52,480 --> 00:28:54,240
Speaker 13: are announced, they switched their key we saver out of

625
00:28:54,280 --> 00:28:56,560
Speaker 13: a growth and into a conservative and locking those losses.

626
00:28:56,560 --> 00:28:58,280
Speaker 13: You know, if someone needs to tell the kids to not.

627
00:28:58,200 --> 00:29:01,520
Speaker 3: Do that, Yeah, come on, I mean, is that kind

628
00:29:01,520 --> 00:29:04,840
Speaker 3: of believer to it? Is that the level of is

629
00:29:04,880 --> 00:29:06,120
Speaker 3: that what the kids are going to learn or the

630
00:29:06,160 --> 00:29:09,120
Speaker 3: kid's going to learn. In one side of the ledger,

631
00:29:09,560 --> 00:29:11,960
Speaker 3: you put in how much your you're earning, and in

632
00:29:12,040 --> 00:29:13,719
Speaker 3: the other side of the ledger you put in how

633
00:29:13,760 --> 00:29:15,760
Speaker 3: much you're spending. And that's called a budget.

634
00:29:16,360 --> 00:29:20,000
Speaker 13: Well, honestly, either with with with net core crown deet

635
00:29:20,000 --> 00:29:22,600
Speaker 13: approaching two hundred billion dollars, I think all five million

636
00:29:22,600 --> 00:29:23,240
Speaker 13: of us could do.

637
00:29:25,160 --> 00:29:27,320
Speaker 3: Maybe do you think do you think if all all

638
00:29:27,360 --> 00:29:29,600
Speaker 3: five million of us had done financial literacy would be

639
00:29:29,600 --> 00:29:32,120
Speaker 3: harder on the finance minister and expect a zero budget?

640
00:29:32,600 --> 00:29:32,800
Speaker 2: Yeah?

641
00:29:32,840 --> 00:29:36,640
Speaker 13: Perhaps perhaps, perhaps the perhaps the person who least who

642
00:29:36,720 --> 00:29:40,440
Speaker 13: has the least incentive for this financial literacy as the financial.

643
00:29:41,360 --> 00:29:43,800
Speaker 3: Hey, thank you Thomas has always appreciated. Thomas Coglan, the

644
00:29:43,800 --> 00:29:47,040
Speaker 3: Herald's political editor. It's eight away from five, putting the.

645
00:29:47,040 --> 00:29:50,520
Speaker 1: Tough questions to the newsmakers the mic asking breakfast.

646
00:29:50,520 --> 00:29:52,680
Speaker 14: The operating allowance for the budget next month, which was

647
00:29:52,680 --> 00:29:55,120
Speaker 14: already tight at two point four billion, has been slashed

648
00:29:55,200 --> 00:29:55,800
Speaker 14: one point three.

649
00:29:55,880 --> 00:29:57,600
Speaker 8: Former Finance Minister Stephen Joyce, what this?

650
00:29:57,640 --> 00:29:59,560
Speaker 1: Would you have done the same and two is a

651
00:29:59,680 --> 00:30:00,520
Speaker 1: four or not?

652
00:30:00,600 --> 00:30:00,760
Speaker 15: Now?

653
00:30:00,760 --> 00:30:03,480
Speaker 2: It's not foolish and I probably would have done something

654
00:30:03,520 --> 00:30:07,560
Speaker 2: similar because there is a huge capacity to still reduce

655
00:30:07,680 --> 00:30:10,720
Speaker 2: the upwards trend of government spending. I'm assuming in that

656
00:30:10,800 --> 00:30:13,120
Speaker 2: move they've found quite a bit of waste and I'll

657
00:30:13,120 --> 00:30:13,600
Speaker 2: be able to do.

658
00:30:13,600 --> 00:30:14,040
Speaker 12: Something with it.

659
00:30:14,040 --> 00:30:16,160
Speaker 6: Do you believe the twenty nine surplus thing or not?

660
00:30:16,320 --> 00:30:18,080
Speaker 2: I think it's a good goal. Of course, it's back

661
00:30:18,120 --> 00:30:20,120
Speaker 2: from where it was. But when now to be Yeah,

662
00:30:20,120 --> 00:30:21,600
Speaker 2: I think you've got to have that at the target

663
00:30:21,640 --> 00:30:23,320
Speaker 2: and a lot of it will depend on the state

664
00:30:23,360 --> 00:30:25,520
Speaker 2: of the world. Ecomeo the next couple of years.

665
00:30:25,440 --> 00:30:28,240
Speaker 1: Back tomorrow at six am the mic hosking Breakfast with

666
00:30:28,440 --> 00:30:30,960
Speaker 1: a Vida News Talk ZB Hither if.

667
00:30:30,840 --> 00:30:32,880
Speaker 3: The kids actually learn maths for one hour per day,

668
00:30:32,920 --> 00:30:35,760
Speaker 3: then they won't need a separate financial literacy subject.

669
00:30:35,840 --> 00:30:36,120
Speaker 1: I will.

670
00:30:36,120 --> 00:30:38,640
Speaker 3: I agree with you, Jake. Hither the problem is most

671
00:30:38,680 --> 00:30:41,360
Speaker 3: parents don't understand financials at home either, so they can't

672
00:30:41,400 --> 00:30:44,040
Speaker 3: learn it there. Hither I disagree with you. Financial literacy

673
00:30:44,080 --> 00:30:47,240
Speaker 3: is hugely important. Hither, I'm an accountant. You are wrong,

674
00:30:47,280 --> 00:30:50,200
Speaker 3: most kids know about The more that kids know about finances,

675
00:30:50,240 --> 00:30:54,480
Speaker 3: the better. Hallelujah. It's about time, Hither that the schools

676
00:30:54,480 --> 00:30:56,560
Speaker 3: taught financial literacy. It's one of the biggest problems of

677
00:30:56,560 --> 00:30:58,760
Speaker 3: the entire community right now. Hither I think that you

678
00:30:58,800 --> 00:31:00,840
Speaker 3: are wrong. Hither I I worked in a bank for

679
00:31:00,840 --> 00:31:03,040
Speaker 3: forty four years before retiring and astonished me how many

680
00:31:03,080 --> 00:31:06,680
Speaker 3: adults did not have the basic budgeting and life skills. Look, okay,

681
00:31:06,920 --> 00:31:09,640
Speaker 3: I mean, I just think I would agree with you.

682
00:31:09,680 --> 00:31:12,520
Speaker 3: It is amazing how many people are unbelievably stupid when

683
00:31:12,520 --> 00:31:14,600
Speaker 3: it comes to finances. However, I would just argue it's

684
00:31:14,640 --> 00:31:16,800
Speaker 3: a parent's job. But I guess I can't change the

685
00:31:16,800 --> 00:31:19,000
Speaker 3: fact that parents aren't teaching their kids if they don't

686
00:31:19,040 --> 00:31:21,840
Speaker 3: understand themselves, So maybe it falls to schools. Anyway, We'll

687
00:31:21,840 --> 00:31:25,280
Speaker 3: talk to Erica when she's with us quarter past five. Oh,

688
00:31:25,360 --> 00:31:27,920
Speaker 3: we've bumped her back a little bit. Erica Stamford will

689
00:31:27,960 --> 00:31:30,440
Speaker 3: be on a quarter past five because at five past

690
00:31:30,440 --> 00:31:32,080
Speaker 3: five we're going to have ker. We were able to

691
00:31:32,120 --> 00:31:34,800
Speaker 3: explain what's going on with the fairies. Now we've spent

692
00:31:34,880 --> 00:31:36,440
Speaker 3: a lot of time, by the way, just really quickly,

693
00:31:36,520 --> 00:31:38,400
Speaker 3: I need to tell you this. Okay, we've spent a

694
00:31:38,400 --> 00:31:41,080
Speaker 3: lot of time talking about the Wellington mayoral race, and

695
00:31:41,120 --> 00:31:43,040
Speaker 3: a very interesting little thing was pointed out in the

696
00:31:43,080 --> 00:31:46,000
Speaker 3: local Wellington papers today, which is that it looks like

697
00:31:46,080 --> 00:31:48,800
Speaker 3: Andrew Little has basically show a sewn up support from

698
00:31:48,840 --> 00:31:52,000
Speaker 3: across all these political parties for his mayoral bids. So

699
00:31:52,040 --> 00:31:54,920
Speaker 3: he's not only he's got Degree, he's got Labor obviously

700
00:31:54,960 --> 00:31:58,080
Speaker 3: his own party endorsing him. He's got some support from

701
00:31:58,080 --> 00:32:01,000
Speaker 3: the Greens because of course Tory Farno, prominent Green has

702
00:32:01,000 --> 00:32:03,280
Speaker 3: now endorsed him. But he's also got some key national

703
00:32:03,320 --> 00:32:06,959
Speaker 3: people in the city who are endorsing him. Chrisphin Lason,

704
00:32:07,000 --> 00:32:09,880
Speaker 3: former minister, says he's going to vote for Andrew Little.

705
00:32:10,280 --> 00:32:13,040
Speaker 3: Wellington City councilor Nikola Young, who's basically a born and

706
00:32:13,160 --> 00:32:17,240
Speaker 3: bred nat is also supporting him publicly. But here's the thing.

707
00:32:18,520 --> 00:32:21,960
Speaker 3: I'm just wondering if everybody has read this right, because

708
00:32:22,000 --> 00:32:24,480
Speaker 3: we're all assuming that Andrew Little is the guy who's

709
00:32:24,480 --> 00:32:26,200
Speaker 3: going to win it, and I am assuming this too.

710
00:32:26,240 --> 00:32:29,480
Speaker 3: I'm assuming Andrew Little is the guy because we're assuming

711
00:32:29,480 --> 00:32:31,880
Speaker 3: it because we look at what we watch politics and

712
00:32:31,920 --> 00:32:34,520
Speaker 3: he meets all the traditional criteria and so we assume

713
00:32:34,560 --> 00:32:36,680
Speaker 3: that if you meet this traditional criteria, you will win.

714
00:32:37,200 --> 00:32:41,360
Speaker 3: But I have been surprised, as has I think Nick

715
00:32:41,360 --> 00:32:44,440
Speaker 3: Mills and Wellington, by the level of vitriol that is

716
00:32:44,440 --> 00:32:46,880
Speaker 3: coming through on our text machine about Andrew Little, Like

717
00:32:47,000 --> 00:32:50,440
Speaker 3: people are really anti Andrew Little in Wellington, and it

718
00:32:50,560 --> 00:32:52,560
Speaker 3: surprised me the level to which that is the case.

719
00:32:52,840 --> 00:32:54,880
Speaker 3: So I just wonder if Ray Chung has a better

720
00:32:55,000 --> 00:32:58,520
Speaker 3: chance than we're all thinking. Anyway, We'll see how it

721
00:32:58,640 --> 00:33:01,680
Speaker 3: pans out. Kre we Rail this is with us next new.

722
00:33:01,600 --> 00:33:14,680
Speaker 1: Stalk, said Beach, digging through the spin to find the

723
00:33:14,800 --> 00:33:19,320
Speaker 1: real story. Oring it's Heather Dupers Drive with One New

724
00:33:19,400 --> 00:33:22,600
Speaker 1: Zealand Let's get connected news talks at b.

725
00:33:24,320 --> 00:33:27,240
Speaker 3: Afternoon. Kiwi Rail has announced the artist head into Island

726
00:33:27,280 --> 00:33:29,640
Speaker 3: a Faery will be retired this year now that leaves

727
00:33:29,680 --> 00:33:32,400
Speaker 3: us with just two inter Islander fairies to operate until

728
00:33:32,400 --> 00:33:35,640
Speaker 3: the new fairies arrive in twenty twenty nine. Adele Wilson

729
00:33:35,720 --> 00:33:38,160
Speaker 3: is Kiwi Rail's Chief Customer and Growth Officer and with us,

730
00:33:38,520 --> 00:33:38,880
Speaker 3: Hey it.

731
00:33:38,920 --> 00:33:42,080
Speaker 14: L Hi, Heather, good afternoon.

732
00:33:42,200 --> 00:33:43,320
Speaker 3: Why are you retiring it?

733
00:33:44,880 --> 00:33:48,760
Speaker 14: Look, what we're announcing today is the news that the

734
00:33:49,080 --> 00:33:54,400
Speaker 14: Artaria to Dwarf and Picton is going to need to

735
00:33:54,760 --> 00:34:01,080
Speaker 14: be deconstructed sometime between October. Earliest time October this year

736
00:34:02,080 --> 00:34:05,440
Speaker 14: and probably the latest time is March twenty twenty six.

737
00:34:06,320 --> 00:34:12,399
Speaker 14: And that Auditary requires specialist loading equipment, so when her

738
00:34:12,480 --> 00:34:16,800
Speaker 14: walk goes, that means there's no way for the Arditilly

739
00:34:16,920 --> 00:34:21,080
Speaker 14: to operate. And that's why today we're giving the market

740
00:34:21,120 --> 00:34:26,000
Speaker 14: the news that the Auditory will be retired sometime this year.

741
00:34:26,440 --> 00:34:28,360
Speaker 3: So will you run her until the very last I

742
00:34:28,360 --> 00:34:30,919
Speaker 3: mean if you have to start, if you only start

743
00:34:30,960 --> 00:34:32,960
Speaker 3: the work March next year, will you run her till then?

744
00:34:35,040 --> 00:34:37,799
Speaker 14: Look, we're working. That's why we've come out with the

745
00:34:37,840 --> 00:34:41,120
Speaker 14: news today because we need to be well advanced with

746
00:34:41,120 --> 00:34:44,760
Speaker 14: our planning for a two ship scenario. That's been clear

747
00:34:44,840 --> 00:34:48,120
Speaker 14: that we would need to manage that. You know, for

748
00:34:48,280 --> 00:34:54,800
Speaker 14: some time, But we are working on those final operational details,

749
00:34:54,800 --> 00:34:59,160
Speaker 14: including the final date of the artillery's retirement, and that's

750
00:34:59,680 --> 00:35:03,600
Speaker 14: you know, requires us to look at maintenance requirements and

751
00:35:03,680 --> 00:35:07,920
Speaker 14: the maintenance regime priorship and what work needs to be

752
00:35:07,960 --> 00:35:11,160
Speaker 14: done and which ship we need on the water through

753
00:35:11,200 --> 00:35:11,920
Speaker 14: to that time.

754
00:35:11,840 --> 00:35:14,040
Speaker 3: It was possible, wasn't it to actually kind of build

755
00:35:14,040 --> 00:35:15,800
Speaker 3: in a little bit of infrastructure to be able to

756
00:35:15,840 --> 00:35:17,719
Speaker 3: keep running here? Was that would have cost about one

757
00:35:17,760 --> 00:35:18,600
Speaker 3: twenty million.

758
00:35:18,400 --> 00:35:24,520
Speaker 14: Right, that's right? He yes, there was. In the former project,

759
00:35:25,280 --> 00:35:29,760
Speaker 14: there was a plan to build a temporary wharf at

760
00:35:29,840 --> 00:35:32,520
Speaker 14: a very large cost of one hundred and twenty million dollars.

761
00:35:33,600 --> 00:35:38,080
Speaker 14: But look, you know it's been well signaled that this

762
00:35:38,200 --> 00:35:43,120
Speaker 14: new project needs to be done for a more appropriate price.

763
00:35:44,280 --> 00:35:46,920
Speaker 14: And you know, the idea of the temporary wharf is

764
00:35:46,920 --> 00:35:50,480
Speaker 14: one of those things that is not possible if we

765
00:35:50,520 --> 00:35:53,719
Speaker 14: want to bring this project in on budget and on

766
00:35:53,800 --> 00:35:56,440
Speaker 14: time and at a level that's affordable for New Zealand.

767
00:35:56,280 --> 00:35:58,319
Speaker 3: What's going to be the impact on the number of

768
00:35:58,360 --> 00:36:00,760
Speaker 3: sailings and the number of passengers you can get across

769
00:36:00,800 --> 00:36:01,680
Speaker 3: the cock straight.

770
00:36:02,640 --> 00:36:05,719
Speaker 14: Sure, So the Rataria at the moment is capable of

771
00:36:05,760 --> 00:36:08,919
Speaker 14: carrying six hundred and fifty passengers and the other theory

772
00:36:09,760 --> 00:36:14,800
Speaker 14: does four sailings each way per day, so that's two

773
00:36:15,400 --> 00:36:20,759
Speaker 14: from Wellington and too from Pactin. So look, there is

774
00:36:20,800 --> 00:36:23,719
Speaker 14: no doubt that capacity across the cook Straight for the

775
00:36:23,760 --> 00:36:27,719
Speaker 14: transition period until we get our new ship is going

776
00:36:27,800 --> 00:36:33,040
Speaker 14: to be tighter, and we're very confident that we can

777
00:36:33,080 --> 00:36:34,000
Speaker 14: manage the task.

778
00:36:34,239 --> 00:36:37,359
Speaker 3: I mean, are you going to prioritize goods because if

779
00:36:37,360 --> 00:36:39,600
Speaker 3: this is the fairy that's basically been used to transport

780
00:36:39,680 --> 00:36:41,200
Speaker 3: goods across the cook Straight, you're going to have to

781
00:36:41,239 --> 00:36:45,000
Speaker 3: check it on the other fairies. Does that come before passengers?

782
00:36:45,360 --> 00:36:48,319
Speaker 14: Yeah, it's a balance, Heather, and we've got to think

783
00:36:48,360 --> 00:36:51,440
Speaker 14: about New Zealand Ink as a whole. We have to

784
00:36:51,480 --> 00:36:54,279
Speaker 14: manage the freight task, but we also have to look

785
00:36:54,320 --> 00:36:57,759
Speaker 14: after our families and our international passengers that use the

786
00:36:57,840 --> 00:37:02,360
Speaker 14: cook Straight for recreation, but also what's around people.

787
00:37:02,520 --> 00:37:05,000
Speaker 3: Do you prioritize the freight or the passengers.

788
00:37:05,960 --> 00:37:08,840
Speaker 14: We look at the different sailings and the allocations and

789
00:37:08,960 --> 00:37:11,200
Speaker 14: how we allocate those are different across the air and

790
00:37:11,239 --> 00:37:15,279
Speaker 14: at different peak times. So for example, at Christmas time,

791
00:37:15,760 --> 00:37:18,920
Speaker 14: generally the freight task is lower, so at that point

792
00:37:18,920 --> 00:37:21,600
Speaker 14: in time, we will be looking to allocate more space

793
00:37:21,719 --> 00:37:26,400
Speaker 14: to passengers because that's the peak passenger time and that's

794
00:37:26,400 --> 00:37:28,959
Speaker 14: how we'll manage it. So's it's not an easy task.

795
00:37:29,080 --> 00:37:32,040
Speaker 14: We do it literally day by day. Now, we look

796
00:37:32,080 --> 00:37:36,240
Speaker 14: at historical patterns and we make our allocation decisions based

797
00:37:36,239 --> 00:37:38,239
Speaker 14: on that. But I will say, and it's important to

798
00:37:38,239 --> 00:37:41,920
Speaker 14: be clear about this, that there's no doubt through this

799
00:37:42,000 --> 00:37:46,080
Speaker 14: transition periods on our peak days there is less capacity.

800
00:37:46,280 --> 00:37:48,640
Speaker 14: So people may have been used to being able to

801
00:37:48,640 --> 00:37:51,440
Speaker 14: travel in their favorite time slot and a lot of

802
00:37:51,440 --> 00:37:53,120
Speaker 14: people like to go at eight o'clock in the morning.

803
00:37:53,680 --> 00:37:56,399
Speaker 14: Not everybody that has been able to travel them will

804
00:37:56,440 --> 00:37:58,440
Speaker 14: still be able to travel them, So people may have

805
00:37:58,520 --> 00:38:01,319
Speaker 14: to travel in other time gates, and people may have

806
00:38:01,360 --> 00:38:05,840
Speaker 14: to travel slightly earlier outside of those really peak holiday

807
00:38:05,880 --> 00:38:09,239
Speaker 14: travel days. So I want to be fair about that

808
00:38:09,320 --> 00:38:14,240
Speaker 14: and rare about that, and we would recommend to book early.

809
00:38:14,640 --> 00:38:17,120
Speaker 3: Yeah, all right, Adelle, thanks very much, appreciate it. Adele Wilson,

810
00:38:17,200 --> 00:38:19,000
Speaker 3: chief Customer and Growth Officer at Kiwi.

811
00:38:18,880 --> 00:38:20,800
Speaker 1: Rail Together for SEL.

812
00:38:21,120 --> 00:38:22,799
Speaker 3: It's been revealed that a man who killed a person

813
00:38:22,920 --> 00:38:25,440
Speaker 3: more than twenty years ago who was ruled insane at

814
00:38:25,480 --> 00:38:27,719
Speaker 3: the time has gone on to kill again. So after

815
00:38:27,760 --> 00:38:29,960
Speaker 3: the first killing, the man was found not guilty of

816
00:38:30,040 --> 00:38:32,640
Speaker 3: murder by way of insanity. He was then detained in

817
00:38:32,680 --> 00:38:35,000
Speaker 3: a special secure unit and then he was released into

818
00:38:35,040 --> 00:38:37,080
Speaker 3: the community about ten years ago, and since then he

819
00:38:37,200 --> 00:38:39,719
Speaker 3: stabbed a person to death. Ruth Money is the Chief

820
00:38:39,880 --> 00:38:43,680
Speaker 3: Victims Advisor to the government. Have Ruth Hi Ruth, Was

821
00:38:43,760 --> 00:38:47,160
Speaker 3: this a case of this guy having another breakdown that

822
00:38:47,320 --> 00:38:50,000
Speaker 3: no one could see coming? Or did everyone know he

823
00:38:50,160 --> 00:38:51,799
Speaker 3: was a risk and they should have been watching him

824
00:38:51,800 --> 00:38:53,839
Speaker 3: and they didn't And there's a system breakdown here? Which

825
00:38:53,920 --> 00:38:54,520
Speaker 3: of the two is it?

826
00:38:55,960 --> 00:38:58,840
Speaker 11: I believe there is a system breakdown and that is

827
00:38:58,920 --> 00:39:02,880
Speaker 11: why I am very involved in calling for reviews of

828
00:39:03,800 --> 00:39:07,240
Speaker 11: this and other mental health status changes.

829
00:39:08,000 --> 00:39:10,440
Speaker 3: What is the system breakdown? What went wrong here?

830
00:39:12,520 --> 00:39:16,600
Speaker 11: Well? Mental health forensic mental health units are there to

831
00:39:17,080 --> 00:39:21,720
Speaker 11: protect the person who is the patient, but also the community. Essentially,

832
00:39:22,000 --> 00:39:25,560
Speaker 11: you will be sentenced either via the court and into

833
00:39:25,600 --> 00:39:28,960
Speaker 11: a corrections facility so a prison or a community service,

834
00:39:29,440 --> 00:39:32,719
Speaker 11: or you will be sentenced and sent off under the

835
00:39:32,760 --> 00:39:38,000
Speaker 11: Mental Health Act to live in a forensic unit. The

836
00:39:38,160 --> 00:39:42,680
Speaker 11: problem that I believe is that in those units we

837
00:39:42,840 --> 00:39:47,239
Speaker 11: are treating people and we are not looking with a

838
00:39:47,360 --> 00:39:51,880
Speaker 11: view of risk assessment and the risk assessment to themselves

839
00:39:52,080 --> 00:39:53,120
Speaker 11: and all the community.

840
00:39:54,200 --> 00:39:56,839
Speaker 3: And so are you arguing that, okay, so he didn't

841
00:39:56,840 --> 00:39:58,520
Speaker 3: get the right kind of treatment that you think should

842
00:39:58,520 --> 00:40:01,120
Speaker 3: have happened, or the right cal assessment. But are you

843
00:40:01,200 --> 00:40:02,879
Speaker 3: saying then he shouldn't have been let out.

844
00:40:03,960 --> 00:40:08,239
Speaker 11: I am somewhere in this person's history and it will

845
00:40:08,239 --> 00:40:11,399
Speaker 11: all come out. I am sure this person's status has

846
00:40:11,600 --> 00:40:16,000
Speaker 11: changed to be able to be released back into the community. Now,

847
00:40:16,120 --> 00:40:18,520
Speaker 11: there are senior people, There are assessments that need to happen,

848
00:40:18,560 --> 00:40:20,320
Speaker 11: and there are senior people that sign off on that.

849
00:40:21,640 --> 00:40:24,920
Speaker 11: And this is not a one off event, which is

850
00:40:24,960 --> 00:40:28,120
Speaker 11: why I am involved and why I think there needs

851
00:40:28,200 --> 00:40:32,879
Speaker 11: to be a review, probably actually a royal commission into

852
00:40:33,480 --> 00:40:37,359
Speaker 11: how are we assessing people in these forensic mental health

853
00:40:37,600 --> 00:40:41,880
Speaker 11: units to make sure that they are not released and

854
00:40:42,080 --> 00:40:42,960
Speaker 11: will reoffend.

855
00:40:44,000 --> 00:40:46,520
Speaker 3: So, reading the case, and to be fair, there is

856
00:40:46,600 --> 00:40:49,080
Speaker 3: not a lot of detail that is available publicly because

857
00:40:49,080 --> 00:40:50,680
Speaker 3: of all the suppression around it, and so there's a

858
00:40:50,719 --> 00:40:53,840
Speaker 3: lot of secrecy. But what is available suggests that he

859
00:40:54,000 --> 00:40:55,920
Speaker 3: was let out ten years ago and he's actually been

860
00:40:56,000 --> 00:40:59,080
Speaker 3: okay mentally, and then there was a breakdown. So would

861
00:40:59,120 --> 00:41:01,640
Speaker 3: you say that even if he's okay, he stays in there.

862
00:41:03,400 --> 00:41:07,200
Speaker 11: No, But what I would say is he needs to

863
00:41:07,440 --> 00:41:10,880
Speaker 11: stay or this person people in this environment need to

864
00:41:11,080 --> 00:41:16,520
Speaker 11: stay engaged with care and therapy and treatment. Just as

865
00:41:16,719 --> 00:41:18,760
Speaker 11: when you kill someone and you get a life sentence,

866
00:41:19,200 --> 00:41:22,600
Speaker 11: you may get out on parole, but you're always recallable.

867
00:41:23,400 --> 00:41:26,320
Speaker 11: And so we need to be really clear here that

868
00:41:26,880 --> 00:41:31,200
Speaker 11: while the offenders in this environment go into a forensic

869
00:41:31,280 --> 00:41:36,279
Speaker 11: mental health unit, they then are treated and sent back

870
00:41:36,320 --> 00:41:39,680
Speaker 11: into the community, Whereas if you go to prison with

871
00:41:39,920 --> 00:41:43,319
Speaker 11: life and of course victims that way, then you are

872
00:41:43,480 --> 00:41:47,279
Speaker 11: always recallable and you are always managed by the prole board.

873
00:41:47,880 --> 00:41:50,200
Speaker 11: What is happening in the mental health space is not

874
00:41:50,440 --> 00:41:55,719
Speaker 11: good enough. These people are going on to kill and

875
00:41:55,840 --> 00:41:58,120
Speaker 11: it is not good enough. It is too dangerous for

876
00:41:58,239 --> 00:42:00,440
Speaker 11: the community and there needs to be a level of

877
00:42:00,520 --> 00:42:04,000
Speaker 11: inquiry that has teeth. We've got the issues in hill

878
00:42:04,040 --> 00:42:07,120
Speaker 11: Morton and now we've got the issues here revealed with

879
00:42:07,239 --> 00:42:10,840
Speaker 11: this particular person. What else is happening?

880
00:42:11,680 --> 00:42:13,680
Speaker 3: Ruth, thanks very much for talking us through to appreciate it.

881
00:42:13,840 --> 00:42:17,120
Speaker 3: It's Ruth Money, the Government Chief Victim's Advisor. It's coming

882
00:42:17,200 --> 00:42:19,920
Speaker 3: up sixteen past five. Okay, so here's a savvy Blanc

883
00:42:20,000 --> 00:42:22,040
Speaker 3: deal that is so good we actually have to keep

884
00:42:22,040 --> 00:42:24,200
Speaker 3: the full details on the download tonight on this show.

885
00:42:24,280 --> 00:42:27,320
Speaker 3: It is available online exclusively with the guys at the

886
00:42:27,360 --> 00:42:29,440
Speaker 3: Good Wine Co. And the wine is being sold as

887
00:42:29,840 --> 00:42:33,000
Speaker 3: the Mystery Marlborough Savignon Blanc twenty twenty three. Now, the

888
00:42:33,080 --> 00:42:35,480
Speaker 3: wine's true label is on the box and the bottle

889
00:42:35,520 --> 00:42:37,640
Speaker 3: and it'll all be revealed when it lands on your doorstep.

890
00:42:37,680 --> 00:42:38,920
Speaker 3: But what we can tell you is this is a

891
00:42:38,960 --> 00:42:42,520
Speaker 3: wine that's won a ton of very impressive awards, including

892
00:42:42,560 --> 00:42:44,719
Speaker 3: a trophy and gold at the National Wine Awards of

893
00:42:44,719 --> 00:42:47,200
Speaker 3: altsiat Or in New Zealand, ninety three out of one

894
00:42:47,280 --> 00:42:49,320
Speaker 3: hundred with Master of Wine Bob Campbell and four and

895
00:42:49,360 --> 00:42:52,600
Speaker 3: a half stars Michael Cooper. Now to view the full details,

896
00:42:52,640 --> 00:42:54,520
Speaker 3: you're gonna have to visit the website. Let's just say

897
00:42:54,560 --> 00:42:57,719
Speaker 3: you're getting a seriously good bottle of Marlborough Savignon Blanc

898
00:42:57,760 --> 00:43:00,759
Speaker 3: for just twelve ninety nine as part of this mystery deal.

899
00:43:00,960 --> 00:43:02,560
Speaker 3: And to seal the deal, you're going to page one

900
00:43:02,600 --> 00:43:05,400
Speaker 3: dollar per case delivery to your door anywhere in New

901
00:43:05,480 --> 00:43:09,640
Speaker 3: Zealand conditions apply Trophy and gold medal winning high quality

902
00:43:09,719 --> 00:43:12,000
Speaker 3: Molbra seven year bloc going out the door at an

903
00:43:12,200 --> 00:43:15,359
Speaker 3: incredible twelve ninety nine per bottle. Limited stocks are getting

904
00:43:15,400 --> 00:43:17,800
Speaker 3: quick order online right now at the Goodwine dot Co

905
00:43:17,880 --> 00:43:19,560
Speaker 3: dot Nz or give them a call. Oh eight one

906
00:43:19,600 --> 00:43:21,360
Speaker 3: hundred double six two double six.

907
00:43:21,320 --> 00:43:23,440
Speaker 1: Two ever dupless Ellen here.

908
00:43:23,520 --> 00:43:25,879
Speaker 3: Perhaps we can turn the utter teddy into a warship loll.

909
00:43:26,600 --> 00:43:31,280
Speaker 3: Everything about the situation is lowll twenty past five now. Budgeting, taxes, investments,

910
00:43:31,320 --> 00:43:33,080
Speaker 3: and insurance. They're just some of the things that are

911
00:43:33,120 --> 00:43:35,400
Speaker 3: going to be taught very soon in New Zealand Schools.

912
00:43:35,520 --> 00:43:38,520
Speaker 3: Education Minister Erica Stanford says this will help build lifelong

913
00:43:38,600 --> 00:43:41,879
Speaker 3: financial skills and children as early as five years old.

914
00:43:41,920 --> 00:43:44,800
Speaker 3: And she's with us now, Erica, Hello, good afternoon. So

915
00:43:44,840 --> 00:43:46,879
Speaker 3: if we're popping this in, what are we popping out

916
00:43:46,920 --> 00:43:47,560
Speaker 3: to make space?

917
00:43:49,320 --> 00:43:52,320
Speaker 16: Well, financial literacy should be a strand in the social

918
00:43:52,440 --> 00:43:56,040
Speaker 16: science's curriculum. So at the moment in the social sciences

919
00:43:56,120 --> 00:43:59,760
Speaker 16: curriculum you have tourtor on New Zealand history. It's supposed

920
00:43:59,800 --> 00:44:03,160
Speaker 16: to also include geography and financial literacy, and that's where

921
00:44:03,239 --> 00:44:05,920
Speaker 16: we will be popping it in. But it will be

922
00:44:06,080 --> 00:44:08,960
Speaker 16: all the way up, so a small dose every year

923
00:44:09,800 --> 00:44:12,719
Speaker 16: to make sure we're building capability across a students' time

924
00:44:12,760 --> 00:44:13,200
Speaker 16: at school.

925
00:44:13,680 --> 00:44:17,040
Speaker 3: Look, I feel so cynical about this. I feel like

926
00:44:17,160 --> 00:44:18,880
Speaker 3: parents should be teaching the kids this so that we

927
00:44:18,960 --> 00:44:21,880
Speaker 3: don't have to teach them in schools already crammed. Am

928
00:44:21,920 --> 00:44:22,759
Speaker 3: I being unreasonable?

929
00:44:24,560 --> 00:44:27,000
Speaker 16: Well, there are lots of things that parents should be doing,

930
00:44:27,280 --> 00:44:30,200
Speaker 16: and unfortunately we're having to pick up at school, like

931
00:44:30,440 --> 00:44:34,160
Speaker 16: sex education, like oral literacy. I've got young young people

932
00:44:34,320 --> 00:44:37,520
Speaker 16: at EC who are turning up who are five years

933
00:44:37,560 --> 00:44:39,400
Speaker 16: old or four years old, who have the language of

934
00:44:39,400 --> 00:44:41,959
Speaker 16: a two year old. And so there is a part

935
00:44:42,040 --> 00:44:44,680
Speaker 16: of this that is on parents and that we do

936
00:44:44,800 --> 00:44:47,439
Speaker 16: need to help parents understand that you need to talk

937
00:44:47,480 --> 00:44:51,400
Speaker 16: to your children to improve oral language schools. You do

938
00:44:51,640 --> 00:44:54,319
Speaker 16: need to talk to your children about financial literacy if

939
00:44:54,360 --> 00:44:56,920
Speaker 16: you are able. But we have to remember that. You know,

940
00:44:57,040 --> 00:44:59,759
Speaker 16: the reason that our budgeting services are overwhelmed is because

941
00:45:00,040 --> 00:45:02,480
Speaker 16: lot of adults, in fact eighty four percent of them,

942
00:45:02,680 --> 00:45:05,560
Speaker 16: so that they never received any financial literacy training themselves.

943
00:45:05,680 --> 00:45:08,480
Speaker 16: And so it is an intergenerational thing that we need

944
00:45:08,520 --> 00:45:10,960
Speaker 16: to build capacity. So the schools do need to play

945
00:45:10,960 --> 00:45:12,719
Speaker 16: a part in this and parents have called for it

946
00:45:12,760 --> 00:45:13,439
Speaker 16: for a long time.

947
00:45:13,680 --> 00:45:15,680
Speaker 3: You make a fair point, Erica, Thank you. I really

948
00:45:15,719 --> 00:45:17,920
Speaker 3: appreciate Erica. Stand for the education minister. There is a

949
00:45:17,960 --> 00:45:19,400
Speaker 3: bunch of stuff we have to teach kids that they

950
00:45:19,440 --> 00:45:22,080
Speaker 3: don't get taught at school. Teaching kids to talk, now,

951
00:45:22,200 --> 00:45:24,080
Speaker 3: this is a thing, okay, because if you've got a

952
00:45:24,120 --> 00:45:26,480
Speaker 3: little one. I've got a little one. He's three, and

953
00:45:27,080 --> 00:45:30,279
Speaker 3: you see the other kids around about the same age,

954
00:45:30,280 --> 00:45:32,080
Speaker 3: and some of them are really struggling to talk. I

955
00:45:32,200 --> 00:45:35,200
Speaker 3: have excelled at teaching my child to talk to the

956
00:45:35,320 --> 00:45:37,960
Speaker 3: extent that I regret it. I'm not going to lie.

957
00:45:38,440 --> 00:45:42,960
Speaker 3: He talked in the car for two hours straight one day,

958
00:45:43,480 --> 00:45:46,279
Speaker 3: and sometimes I just want to stick him in front

959
00:45:46,280 --> 00:45:48,520
Speaker 3: of a screen just to shut him up because he's

960
00:45:48,640 --> 00:45:52,399
Speaker 3: excelling at that. And is it any surprise to anyone, No, Heather,

961
00:45:52,800 --> 00:45:54,960
Speaker 3: I think that Adele from KiwiRail needs to remove the

962
00:45:55,040 --> 00:45:56,680
Speaker 3: growth from her title because there is going to be

963
00:45:56,760 --> 00:45:59,200
Speaker 3: no growth for four years. That title is delusional. Column

964
00:45:59,200 --> 00:46:01,200
Speaker 3: makes a good point. Look, this business for the fairies

965
00:46:01,280 --> 00:46:05,560
Speaker 3: is bad. This is bad because just just remember remember

966
00:46:05,640 --> 00:46:07,719
Speaker 3: what we were gonna do. We were going to buy

967
00:46:07,760 --> 00:46:10,719
Speaker 3: the og ferries the original fairies and they were going

968
00:46:10,760 --> 00:46:14,480
Speaker 3: to arrive when twenty twenty six, so we would only

969
00:46:14,560 --> 00:46:16,920
Speaker 3: be without the utter Teddy for one year. Right, we

970
00:46:17,000 --> 00:46:18,640
Speaker 3: would be sitting in a situation now where would go

971
00:46:18,719 --> 00:46:21,200
Speaker 3: out of Teddy's out. We're getting that, we've got the

972
00:46:21,239 --> 00:46:23,879
Speaker 3: new Fairies arriving next year instead, what are we what's

973
00:46:23,920 --> 00:46:26,400
Speaker 3: going on now? We're waiting three to four years with

974
00:46:26,520 --> 00:46:29,719
Speaker 3: reduced sailings and I mean that's State Highway one. So

975
00:46:29,880 --> 00:46:31,440
Speaker 3: a lot of people are going to be very annoyed

976
00:46:31,480 --> 00:46:33,279
Speaker 3: about this. I would say five twenty.

977
00:46:33,040 --> 00:46:39,160
Speaker 1: Three informed inside into today's issues, it's hither duplicy Ellen

978
00:46:39,280 --> 00:46:43,400
Speaker 1: drive with one New Zealand let's get connected news talks.

979
00:46:43,400 --> 00:46:47,080
Speaker 3: They'd be, hey, guess what Wellington City did today? By

980
00:46:47,120 --> 00:46:49,120
Speaker 3: the way, Wellington City, because you know how Wellington's got

981
00:46:49,160 --> 00:46:50,439
Speaker 3: a lot of problems and they need to be dealing

982
00:46:50,480 --> 00:46:54,279
Speaker 3: with that. Wellington City today voted to support sixteen year

983
00:46:54,320 --> 00:46:57,360
Speaker 3: olds being able to vote in local government, which is

984
00:46:57,400 --> 00:46:59,279
Speaker 3: not going to happen. So why they're wasting their time? Well,

985
00:46:59,280 --> 00:47:01,359
Speaker 3: maybe Ben mcnat will be able to explain when he's

986
00:47:01,360 --> 00:47:02,960
Speaker 3: with us in ten minutes. Right now, it's twenty six

987
00:47:03,040 --> 00:47:06,080
Speaker 3: past five now a tough day for anyone who cares

988
00:47:06,120 --> 00:47:09,600
Speaker 3: deeply about climate change policies. Yesterday, I would say, because

989
00:47:09,640 --> 00:47:12,160
Speaker 3: do you know what those blackouts in Spain and Portugal

990
00:47:12,200 --> 00:47:14,480
Speaker 3: are being blamed on? You know, the ones, the blackouts

991
00:47:14,520 --> 00:47:17,080
Speaker 3: that left people stranded in lifts and cut the traffic

992
00:47:17,160 --> 00:47:21,000
Speaker 3: lights and cut the entire train system and caused panic

993
00:47:21,040 --> 00:47:23,080
Speaker 3: buying and just sent the whole place into Mayhem.

994
00:47:23,120 --> 00:47:23,800
Speaker 8: Do what do you know what?

995
00:47:23,880 --> 00:47:27,080
Speaker 3: They're being blamed on? Renewable energy. Yep, the very thing

996
00:47:28,120 --> 00:47:30,400
Speaker 3: we're all being told we have to crack into in

997
00:47:30,520 --> 00:47:32,839
Speaker 3: order to save the climate. The solar and the wind

998
00:47:32,920 --> 00:47:35,640
Speaker 3: and the power that apparently was to blame now to

999
00:47:35,760 --> 00:47:38,160
Speaker 3: be fair to renewable energy. It's not clear whether it

1000
00:47:38,280 --> 00:47:41,359
Speaker 3: actually caused the blackouts or just made the blackouts worth

1001
00:47:41,400 --> 00:47:44,160
Speaker 3: but it is worth noting that number one, Portugal and

1002
00:47:44,200 --> 00:47:48,080
Speaker 3: Spain are the European leaders in renewable energy. Number two

1003
00:47:48,520 --> 00:47:52,600
Speaker 3: solar power dropped by fifty percent for five minutes around

1004
00:47:52,640 --> 00:47:55,000
Speaker 3: the time of the blackouts, and three it sparked a

1005
00:47:55,160 --> 00:47:58,759
Speaker 3: huge debate in Europe now about relying on renewable energy. Now,

1006
00:47:58,920 --> 00:48:01,839
Speaker 3: even tougher for the climate change advocates is the news

1007
00:48:01,920 --> 00:48:05,280
Speaker 3: that within ours Tony Blair, the former UK Prime Minister,

1008
00:48:05,360 --> 00:48:08,160
Speaker 3: piped up and said the UK has to abandon it's

1009
00:48:08,239 --> 00:48:10,600
Speaker 3: twenty fifty net zero target because it's not working, and

1010
00:48:10,719 --> 00:48:12,400
Speaker 3: it is not working like you and I can look

1011
00:48:12,400 --> 00:48:15,160
Speaker 3: at it. It's not working. The planet is still getting

1012
00:48:15,200 --> 00:48:18,160
Speaker 3: hotter every year, and people, he said, are now starting

1013
00:48:18,200 --> 00:48:19,799
Speaker 3: to realize just how much it's going to cost them

1014
00:48:20,160 --> 00:48:21,880
Speaker 3: and just how much they're going to have to sacrifice,

1015
00:48:21,920 --> 00:48:24,480
Speaker 3: and case in point for the Spanish and the Portuguese

1016
00:48:24,520 --> 00:48:27,759
Speaker 3: at least, what the sacrificing is a reliable energy supply. Now,

1017
00:48:27,840 --> 00:48:30,040
Speaker 3: I want to be clear, I am not a climate

1018
00:48:30,160 --> 00:48:32,520
Speaker 3: change denier, and I do think we have to do

1019
00:48:32,640 --> 00:48:34,720
Speaker 3: something to save the planet. But where our part company

1020
00:48:34,760 --> 00:48:38,080
Speaker 3: with the traditional climate advocates is what we do to

1021
00:48:38,200 --> 00:48:40,960
Speaker 3: save the planet. And I would say that an increasing

1022
00:48:41,040 --> 00:48:42,560
Speaker 3: number of people are going to start to feel the

1023
00:48:42,600 --> 00:48:45,000
Speaker 3: same once they start to be hit with the consequences.

1024
00:48:45,040 --> 00:48:48,240
Speaker 3: For us in New Zealand it's a second winter energy

1025
00:48:48,320 --> 00:48:51,120
Speaker 3: crisis looming at US this year again, and for those

1026
00:48:51,160 --> 00:48:55,919
Speaker 3: in Europe energy outages ever do fore, Hey, we're heading

1027
00:48:55,920 --> 00:48:57,799
Speaker 3: for the headlines very quickly. Just to quick heads up,

1028
00:48:58,040 --> 00:49:01,839
Speaker 3: we've got an egg shortage worths in Auckland's Lynn Mall,

1029
00:49:02,280 --> 00:49:06,359
Speaker 3: a New World, Kawa and Napier have no eggs. I'm

1030
00:49:06,400 --> 00:49:08,680
Speaker 3: only telling you this because this is a major political

1031
00:49:08,719 --> 00:49:10,279
Speaker 3: issue around the world and maybe it's going to be

1032
00:49:10,360 --> 00:49:12,479
Speaker 3: one here too. News Dogs, they've been.

1033
00:49:15,760 --> 00:49:18,160
Speaker 1: On the iHeart app and in your car on your

1034
00:49:18,239 --> 00:49:22,560
Speaker 1: drive home. It's hither duplicy Ellen drive with one New Zealand.

1035
00:49:22,920 --> 00:49:25,120
Speaker 1: Let's get connected, news dogs, they'd be.

1036
00:49:34,760 --> 00:49:36,680
Speaker 3: M I'm standing by here. How are they going to

1037
00:49:36,719 --> 00:49:38,560
Speaker 3: get the rail wagons across the strait with the rail

1038
00:49:38,600 --> 00:49:40,640
Speaker 3: period out of Teddy out of action for four years, Tom,

1039
00:49:40,760 --> 00:49:44,040
Speaker 3: I guess they're just unloading it in Wellington, checking it on,

1040
00:49:44,480 --> 00:49:46,560
Speaker 3: taking it across, loading it back up and picked in

1041
00:49:47,080 --> 00:49:49,160
Speaker 3: and so on and then the other way in. Just

1042
00:49:49,280 --> 00:49:51,480
Speaker 3: like it seems very manual. It's going to be very

1043
00:49:51,520 --> 00:49:54,040
Speaker 3: manual for a while. Listen. Eric Crampton is going to

1044
00:49:54,080 --> 00:49:57,160
Speaker 3: be with us after six o'clock. Obviously economists with the

1045
00:49:57,160 --> 00:50:00,440
Speaker 3: New Zealand initiative. He, like me, thinks in the Lullis

1046
00:50:00,480 --> 00:50:02,960
Speaker 3: hasn't gone farther far enough with her budget and needs

1047
00:50:03,000 --> 00:50:04,719
Speaker 3: to go harder. So we'll get his take on it

1048
00:50:04,760 --> 00:50:06,319
Speaker 3: when he's with us now. It's twenty four away from

1049
00:50:06,400 --> 00:50:09,200
Speaker 3: six Wellington City councils in the news again for a

1050
00:50:09,280 --> 00:50:11,120
Speaker 3: different reason, though not related to Tory.

1051
00:50:11,200 --> 00:50:11,560
Speaker 7: This time.

1052
00:50:12,040 --> 00:50:14,719
Speaker 3: It voted today to support allowing sixteen year olds to

1053
00:50:14,800 --> 00:50:17,400
Speaker 3: vote in local body elections and make and will now

1054
00:50:17,480 --> 00:50:21,279
Speaker 3: make a submission to local Government New Zealand's Electoral Reform Group.

1055
00:50:21,840 --> 00:50:24,880
Speaker 3: Ben McNulty is a Wellington City councilor is with us? Now,

1056
00:50:24,920 --> 00:50:28,640
Speaker 3: Hey Ben, Ben, why are you guys doing this? It's

1057
00:50:28,680 --> 00:50:30,279
Speaker 3: not going to go anywhere? The government said no.

1058
00:50:31,440 --> 00:50:34,000
Speaker 17: Yeah, there's a We're a member of Algae and Z right,

1059
00:50:34,160 --> 00:50:35,920
Speaker 17: and as a member of algiean Z, we need to

1060
00:50:36,000 --> 00:50:39,239
Speaker 17: import in today's submissions and processes. And you're right, whether

1061
00:50:39,280 --> 00:50:41,719
Speaker 17: Algae and Z listened to Wellington, whether the government then

1062
00:50:41,760 --> 00:50:44,960
Speaker 17: listen to Algae and Z, Who's no. So it's purely symbolic,

1063
00:50:45,080 --> 00:50:47,880
Speaker 17: but it's still important sometimes to do symbolism and politics.

1064
00:50:48,040 --> 00:50:48,160
Speaker 14: Right.

1065
00:50:48,200 --> 00:50:49,400
Speaker 3: Why is this so important?

1066
00:50:50,520 --> 00:50:52,840
Speaker 17: I think it's important just in terms of the commitment

1067
00:50:52,880 --> 00:50:55,160
Speaker 17: that we've made. So we're the young person strategy that

1068
00:50:55,239 --> 00:50:57,520
Speaker 17: we signed off, you know in the last trainingum. We

1069
00:50:57,640 --> 00:51:00,320
Speaker 17: have incredibly bright and intelligent young people in our and

1070
00:51:00,360 --> 00:51:03,320
Speaker 17: I happen to believe in no taxation about representation, and

1071
00:51:03,440 --> 00:51:05,840
Speaker 17: is about one hundred million that our work is between

1072
00:51:05,920 --> 00:51:09,239
Speaker 17: sixteen to eighteen in this country actually produce an income tax,

1073
00:51:09,320 --> 00:51:11,640
Speaker 17: but they don't have any chance to input or say

1074
00:51:11,640 --> 00:51:13,440
Speaker 17: in atually on their future. And I think if you're

1075
00:51:13,760 --> 00:51:15,959
Speaker 17: old enough to operate a motor vehicle, go to court,

1076
00:51:16,320 --> 00:51:18,920
Speaker 17: get married with parental permission, filling out a few circles

1077
00:51:19,000 --> 00:51:20,960
Speaker 17: or numbers on a ballot paper is not the scariest

1078
00:51:20,960 --> 00:51:22,040
Speaker 17: thing that a teenager can do.

1079
00:51:22,719 --> 00:51:22,879
Speaker 18: Ben.

1080
00:51:23,320 --> 00:51:24,759
Speaker 3: Look, I know that you guys have a lot of

1081
00:51:24,800 --> 00:51:26,560
Speaker 3: things you can walk in chew gum at the same time,

1082
00:51:26,680 --> 00:51:28,840
Speaker 3: but did any of you ever stop to think that

1083
00:51:29,000 --> 00:51:31,480
Speaker 3: one of the criticisms of Wellington City Council right now

1084
00:51:31,600 --> 00:51:33,359
Speaker 3: is that you guys get distracted by a whole bunch

1085
00:51:33,400 --> 00:51:35,960
Speaker 3: of things other than, you know, outside of just dealing

1086
00:51:36,040 --> 00:51:38,799
Speaker 3: with your actual jobs, which predominantly is trying to get

1087
00:51:38,840 --> 00:51:41,600
Speaker 3: the pipes fixed, and that voting for something like this

1088
00:51:41,760 --> 00:51:43,080
Speaker 3: may just reinforce that idea.

1089
00:51:44,000 --> 00:51:46,320
Speaker 17: Oh, I hear that feedback and I totally get it.

1090
00:51:46,400 --> 00:51:48,320
Speaker 17: And unless you're used to the beast of the machinery

1091
00:51:48,360 --> 00:51:51,279
Speaker 17: of council, you're right. Really, as we're walking to gum like,

1092
00:51:51,400 --> 00:51:54,239
Speaker 17: this is our thirty minute item on an agenda that

1093
00:51:54,320 --> 00:51:56,560
Speaker 17: we covered far more meaty things, and how that place

1094
00:51:56,640 --> 00:51:58,440
Speaker 17: with the public? I get, but that can be received.

1095
00:51:58,480 --> 00:52:00,320
Speaker 17: You know that we're not focused on the core stuff.

1096
00:52:00,719 --> 00:52:03,080
Speaker 17: Totally fair criticism, But all I can say is, yeah,

1097
00:52:03,080 --> 00:52:05,520
Speaker 17: it was thirty minutes. Are they about seven hour meeting today?

1098
00:52:05,600 --> 00:52:08,759
Speaker 17: So it's not at the expense of anything important for

1099
00:52:08,840 --> 00:52:10,040
Speaker 17: this kind of discussion occurs.

1100
00:52:10,360 --> 00:52:13,160
Speaker 3: Who are you voting for Andrew Little or racheng.

1101
00:52:13,480 --> 00:52:15,680
Speaker 17: Oh Andrew Little one ten percent?

1102
00:52:16,840 --> 00:52:17,600
Speaker 3: You're a labor man.

1103
00:52:17,719 --> 00:52:21,440
Speaker 17: A I am a labor man. Yeah, get that, but

1104
00:52:21,560 --> 00:52:23,959
Speaker 17: you know, no, Look, reality is you need someone around

1105
00:52:24,000 --> 00:52:26,399
Speaker 17: the council who can actually bring the council with them.

1106
00:52:26,760 --> 00:52:29,480
Speaker 17: And that's the problem that I'm Ray's looking to bring

1107
00:52:29,520 --> 00:52:31,640
Speaker 17: in a whole new team because he's been unable to work.

1108
00:52:31,640 --> 00:52:33,279
Speaker 17: And you would have seen Nicholie Young and christ and

1109
00:52:33,320 --> 00:52:36,080
Speaker 17: Mason coming out with endorsements today of Andrew, and that's

1110
00:52:36,120 --> 00:52:38,319
Speaker 17: because they actually know that despite the politics, but they

1111
00:52:38,360 --> 00:52:41,800
Speaker 17: don't agree with the pure competency to bring people with

1112
00:52:41,920 --> 00:52:44,080
Speaker 17: him and work around the table and respect, you know,

1113
00:52:44,160 --> 00:52:46,240
Speaker 17: but everyone's got views. I think that's what he carries

1114
00:52:46,280 --> 00:52:47,320
Speaker 17: with them. That's pretty special.

1115
00:52:47,440 --> 00:52:49,440
Speaker 3: Yeah, hey Ben, thank you appreciate your time. That's been

1116
00:52:49,520 --> 00:52:52,520
Speaker 3: McNulty Wellington City councilor it is twenty one away from Sex.

1117
00:52:53,520 --> 00:52:57,759
Speaker 1: The Huddle with New Zealand Southeast International Realty achieve extraordinary

1118
00:52:57,800 --> 00:52:59,560
Speaker 1: results with und parallel reach.

1119
00:53:00,200 --> 00:53:02,440
Speaker 3: On the Huddle with Us we have David Farrahkiria Polster

1120
00:53:02,480 --> 00:53:04,799
Speaker 3: and KIWI blog writer obviously, and then Jack Tame hosts

1121
00:53:04,800 --> 00:53:06,759
Speaker 3: to Q and AS and Saturday Mornings on ZB How

1122
00:53:06,800 --> 00:53:11,960
Speaker 3: a you do? Okay, David thought on Wellington City Council

1123
00:53:12,040 --> 00:53:12,320
Speaker 3: doing this.

1124
00:53:13,800 --> 00:53:14,960
Speaker 19: Oh, it's just ridiculous.

1125
00:53:14,960 --> 00:53:17,839
Speaker 7: I'm sorry about I've actually polled on do people think

1126
00:53:17,920 --> 00:53:21,279
Speaker 7: sixteen and seventeen year old should vote? And hugely unpopular,

1127
00:53:21,480 --> 00:53:24,560
Speaker 7: like around twenty percent. I think it's a good idea

1128
00:53:24,680 --> 00:53:28,040
Speaker 7: that children should be voting. And the reason this always

1129
00:53:28,120 --> 00:53:30,840
Speaker 7: comes from people on the left is the cold what

1130
00:53:31,080 --> 00:53:34,040
Speaker 7: respect When you're sixteen seventeen, you're not paying a mortgage,

1131
00:53:34,080 --> 00:53:37,399
Speaker 7: you're not paying rates, you're not even paying rent, you're

1132
00:53:37,480 --> 00:53:40,600
Speaker 7: not really paying taxes. You might be here, but you

1133
00:53:40,680 --> 00:53:43,520
Speaker 7: know tex at that rate's there, So of course you

1134
00:53:43,640 --> 00:53:46,680
Speaker 7: think everything the left proposes is a wonderful idea. So

1135
00:53:46,800 --> 00:53:50,920
Speaker 7: when labor politicians say let's lower to sixteen, what they're

1136
00:53:51,040 --> 00:53:55,840
Speaker 7: actually saying is we want more votes, et cetera. Eighteen

1137
00:53:56,560 --> 00:54:00,640
Speaker 7: is your age of adulthood. And I've never been convinced,

1138
00:54:01,040 --> 00:54:04,239
Speaker 7: you know, if you're saying sixteen year olds are bright

1139
00:54:04,360 --> 00:54:06,480
Speaker 7: enough to vote, also a fifteen year old, so a

1140
00:54:06,600 --> 00:54:10,920
Speaker 7: fourteen year old. So it really comes down to what

1141
00:54:11,120 --> 00:54:13,840
Speaker 7: should it be, And eighteen I think is pre standard.

1142
00:54:14,000 --> 00:54:15,680
Speaker 3: I mean jack that, I mean, I take the point

1143
00:54:15,719 --> 00:54:17,640
Speaker 3: that sometimes you have to do things that are symbolic.

1144
00:54:17,760 --> 00:54:19,960
Speaker 3: But this thing has been killed by this government. It

1145
00:54:20,040 --> 00:54:21,360
Speaker 3: is such a redundant thing to do.

1146
00:54:22,480 --> 00:54:25,120
Speaker 19: Yeah, I don't think it's going anywhere. I think, being

1147
00:54:25,200 --> 00:54:27,279
Speaker 19: kind of acknowledged that. In fact, I mean, this is

1148
00:54:27,360 --> 00:54:28,960
Speaker 19: just a they're just voting on a motion to put

1149
00:54:29,000 --> 00:54:31,879
Speaker 19: this to lg NZ, right, So it's not like they're

1150
00:54:31,880 --> 00:54:34,239
Speaker 19: actually you know, this is going to be passed and

1151
00:54:34,840 --> 00:54:36,799
Speaker 19: any time zon there actually going to we're actually going

1152
00:54:36,840 --> 00:54:38,879
Speaker 19: to see this. I mean, I think at the same time,

1153
00:54:39,520 --> 00:54:41,920
Speaker 19: you know, it would be unreasonable for us to assert

1154
00:54:42,080 --> 00:54:45,759
Speaker 19: that they can't, you know, to use your line walk

1155
00:54:45,800 --> 00:54:47,960
Speaker 19: into a garment. At the same time, to a certain extent,

1156
00:54:48,000 --> 00:54:51,680
Speaker 19: if they had spent a day debating this and vast

1157
00:54:51,840 --> 00:54:54,600
Speaker 19: council resources, I think would have a much greater reason

1158
00:54:54,680 --> 00:54:57,480
Speaker 19: to be upset. But to go back to a line

1159
00:54:57,520 --> 00:54:59,520
Speaker 19: that that being used in that interview, you know, it's

1160
00:54:59,520 --> 00:55:04,120
Speaker 19: interesting said that you know there shouldn't be taxation without representation,

1161
00:55:04,280 --> 00:55:06,320
Speaker 19: and I think I think that you know there is

1162
00:55:06,360 --> 00:55:08,840
Speaker 19: some feenis in that argument. But can either of you

1163
00:55:09,040 --> 00:55:11,080
Speaker 19: correct me? Here? Am I right in thinking that that

1164
00:55:11,280 --> 00:55:14,640
Speaker 19: sixteen year olds, because they can't own property, won't be

1165
00:55:14,760 --> 00:55:19,239
Speaker 19: paying rates. Thus the taxation without representation argument doesn't necessarily

1166
00:55:19,840 --> 00:55:20,680
Speaker 19: apply to.

1167
00:55:21,239 --> 00:55:24,920
Speaker 3: Very good Our sixteen year old's not allowed to own property?

1168
00:55:25,000 --> 00:55:28,799
Speaker 19: Jack, I just I think that's right. I could be wrong.

1169
00:55:29,120 --> 00:55:32,279
Speaker 19: So I'm going on flying by the seat of my pants.

1170
00:55:32,320 --> 00:55:34,160
Speaker 3: Now, Well, do you have to be David? I didn't

1171
00:55:34,200 --> 00:55:34,440
Speaker 3: know this.

1172
00:55:35,640 --> 00:55:38,719
Speaker 7: I think it's eighteen, don't Yeah, I think legally, let's

1173
00:55:38,800 --> 00:55:40,600
Speaker 7: let's double check that before we commit to that.

1174
00:55:40,760 --> 00:55:41,000
Speaker 19: Life.

1175
00:55:41,120 --> 00:55:43,040
Speaker 3: That's fascinating, Okay, listen to David.

1176
00:55:43,120 --> 00:55:43,960
Speaker 19: It was worth checking that.

1177
00:55:44,200 --> 00:55:48,520
Speaker 3: Yeah, financial financial literacy in school, David, I take it

1178
00:55:48,640 --> 00:55:51,040
Speaker 3: that we don't teach may. I may actually have been

1179
00:55:51,080 --> 00:55:53,239
Speaker 3: convinced by Erica Stanford. I don't want to like, I

1180
00:55:53,280 --> 00:55:56,439
Speaker 3: don't want to overload our teachers, but and I feel

1181
00:55:56,480 --> 00:55:58,319
Speaker 3: like this is something that parents should be teaching the kids.

1182
00:55:58,520 --> 00:55:59,960
Speaker 3: But obviously there are a bunch of things up here

1183
00:56:00,080 --> 00:56:01,560
Speaker 3: and don't teach your kids, so we have to. So

1184
00:56:01,719 --> 00:56:03,160
Speaker 3: therefore it's in schools. Do you agree?

1185
00:56:04,160 --> 00:56:06,680
Speaker 7: Yeah, Look, I think this definitely falls into that care.

1186
00:56:06,719 --> 00:56:07,080
Speaker 12: Agree.

1187
00:56:07,480 --> 00:56:10,399
Speaker 7: I could even say there's probably some parents who could

1188
00:56:10,440 --> 00:56:14,399
Speaker 7: do what's going on a financial literacy course, but it's

1189
00:56:14,520 --> 00:56:17,440
Speaker 7: just so important. What the days have gone of the

1190
00:56:17,560 --> 00:56:21,520
Speaker 7: nineteen fifties and sixties where you can just leave school,

1191
00:56:21,960 --> 00:56:26,120
Speaker 7: work hard for ten years and buy the house and

1192
00:56:26,239 --> 00:56:29,320
Speaker 7: live there for forty years and keep the same job. Today,

1193
00:56:30,640 --> 00:56:32,680
Speaker 7: if you want to own a house one day, you

1194
00:56:32,880 --> 00:56:36,400
Speaker 7: need to be saving from when you're at school. Actually,

1195
00:56:36,920 --> 00:56:39,480
Speaker 7: you need a savings culture early on. So I think

1196
00:56:39,560 --> 00:56:43,200
Speaker 7: financial literacy as part of that savings culture is a

1197
00:56:43,400 --> 00:56:45,680
Speaker 7: very good idea. But yeah, yeah, make sure it's not

1198
00:56:46,320 --> 00:56:49,160
Speaker 7: being taught at the expense of English and mathematics.

1199
00:56:49,280 --> 00:56:49,480
Speaker 14: Yeah.

1200
00:56:49,920 --> 00:56:51,279
Speaker 3: I don't think it is, jack because it's in the

1201
00:56:51,360 --> 00:56:54,600
Speaker 3: social studies category right where largely what they do there

1202
00:56:54,680 --> 00:56:56,040
Speaker 3: is they just color and maps, don't they.

1203
00:56:58,160 --> 00:57:00,400
Speaker 19: I think it's no, I mean, do you have a.

1204
00:57:00,400 --> 00:57:02,160
Speaker 3: Better social studies experience, not just.

1205
00:57:02,160 --> 00:57:02,640
Speaker 12: Because we were.

1206
00:57:03,040 --> 00:57:05,040
Speaker 19: Yeah, I think so, Yeah, I think we I think

1207
00:57:05,040 --> 00:57:06,279
Speaker 19: we lit a lot of things about the world. But

1208
00:57:06,360 --> 00:57:08,360
Speaker 19: I think, I mean, this is kind of like a

1209
00:57:09,200 --> 00:57:12,440
Speaker 19: like low level applied maths or applied economics in a way,

1210
00:57:12,480 --> 00:57:14,920
Speaker 19: isn't it. And one thing that I reckon, like, I

1211
00:57:14,960 --> 00:57:17,360
Speaker 19: support it, I don't have a problem with it. And

1212
00:57:17,720 --> 00:57:20,080
Speaker 19: I think, you know, if we're all slightly more financially literally,

1213
00:57:20,120 --> 00:57:21,360
Speaker 19: that would be a great thing. But one thing I

1214
00:57:21,400 --> 00:57:24,000
Speaker 19: would say is that I reckon younger people today are

1215
00:57:24,160 --> 00:57:28,200
Speaker 19: actually a little more financially literate than maybe the generations

1216
00:57:28,240 --> 00:57:31,520
Speaker 19: before them, because of lots of online tools and you know,

1217
00:57:31,720 --> 00:57:34,360
Speaker 19: even the barriers to kind of owning shares and training

1218
00:57:34,400 --> 00:57:37,280
Speaker 19: and being engaged with public exchanges like you think about shares,

1219
00:57:37,440 --> 00:57:39,040
Speaker 19: is that that has totally changed the game for a

1220
00:57:39,080 --> 00:57:41,080
Speaker 19: lot of young people. And even when people go into

1221
00:57:41,120 --> 00:57:44,600
Speaker 19: their you know, get into their first jobs and are

1222
00:57:44,840 --> 00:57:47,040
Speaker 19: enrolled in key we say to them, for example, they're

1223
00:57:47,120 --> 00:57:50,760
Speaker 19: able to see the impact of compound interest and the

1224
00:57:50,840 --> 00:57:53,920
Speaker 19: impact of you know, changing you know, share prices and

1225
00:57:53,960 --> 00:57:55,400
Speaker 19: stuff a whole lot more than they might have been

1226
00:57:55,400 --> 00:57:57,760
Speaker 19: able to in the past. So I reckon that. Yeah,

1227
00:57:57,840 --> 00:58:00,720
Speaker 19: younger people today are maybe actually slightly more financially literate

1228
00:58:00,760 --> 00:58:01,200
Speaker 19: than we give them.

1229
00:58:01,320 --> 00:58:03,640
Speaker 3: Yeah maybe so. Hey, Laura the German has had a

1230
00:58:03,680 --> 00:58:06,040
Speaker 3: look at it. It is eighteen and it is because

1231
00:58:06,080 --> 00:58:09,080
Speaker 3: you have to be legally party to a contract.

1232
00:58:10,520 --> 00:58:13,760
Speaker 19: To land as well as as well as for like that,

1233
00:58:14,240 --> 00:58:16,720
Speaker 19: just just to be just a triple check. I would

1234
00:58:16,760 --> 00:58:19,240
Speaker 19: never go against Laura the German because Laura.

1235
00:58:19,640 --> 00:58:21,760
Speaker 3: Jack wants you to look at it. It's land as well.

1236
00:58:21,800 --> 00:58:26,480
Speaker 3: Can you please do that for Jack? Yeh, very she's German.

1237
00:58:26,480 --> 00:58:28,400
Speaker 3: All right, we'll take a break. Come back shortly quarter two.

1238
00:58:29,360 --> 00:58:32,680
Speaker 1: The Huddle with New Zealand Southeby's International Realty, the ones

1239
00:58:32,760 --> 00:58:35,720
Speaker 1: with worldwide connections that perform, not promise.

1240
00:58:36,040 --> 00:58:38,040
Speaker 3: Back with the Huddle, Jack, Laura looked it up, and

1241
00:58:38,120 --> 00:58:40,280
Speaker 3: you can own land at any age, but your age

1242
00:58:40,320 --> 00:58:41,760
Speaker 3: will be noted on the title.

1243
00:58:42,520 --> 00:58:42,880
Speaker 19: There you go.

1244
00:58:43,400 --> 00:58:45,680
Speaker 7: You did you already know this?

1245
00:58:45,920 --> 00:58:47,960
Speaker 3: Did you already know this? And then set this whole

1246
00:58:48,000 --> 00:58:49,600
Speaker 3: thing up so that you could look like you're really

1247
00:58:49,680 --> 00:58:50,360
Speaker 3: smart on air.

1248
00:58:51,760 --> 00:58:54,280
Speaker 19: I think I'm excellently structured. Why I thought was a

1249
00:58:54,360 --> 00:58:57,800
Speaker 19: good argument against young people voting in local body elections?

1250
00:58:57,800 --> 00:58:59,800
Speaker 19: And then I fact checked my own argument and found

1251
00:58:59,840 --> 00:59:02,320
Speaker 19: it actually, I'm not entirely correct, and then I fact

1252
00:59:02,360 --> 00:59:05,200
Speaker 19: check the fact checking. But look, the number of the

1253
00:59:05,320 --> 00:59:07,320
Speaker 19: number of under eighteen year olds who own land and

1254
00:59:07,480 --> 00:59:09,520
Speaker 19: ended US paying rates on New Zealand, I would have

1255
00:59:09,520 --> 00:59:11,400
Speaker 19: thought is infinitesimal to at least.

1256
00:59:11,320 --> 00:59:15,200
Speaker 3: Yeah, totally. Now, David, do you think Nikola has done

1257
00:59:15,240 --> 00:59:18,320
Speaker 3: a brilliant job curtailing her new spending or should she

1258
00:59:18,480 --> 00:59:19,400
Speaker 3: have gone further?

1259
00:59:21,600 --> 00:59:25,120
Speaker 7: Probably done as much as you can, because here's the reality.

1260
00:59:25,200 --> 00:59:28,880
Speaker 7: When you talk about that operational allowance, most of us

1261
00:59:29,000 --> 00:59:32,600
Speaker 7: is needed for non discretionary stuff, just that increase population

1262
00:59:32,800 --> 00:59:36,080
Speaker 7: and aging and health. So when they actually say we've

1263
00:59:36,240 --> 00:59:39,439
Speaker 7: only got like one point one billion instead of three

1264
00:59:39,560 --> 00:59:43,840
Speaker 7: billion dollars, effectively everyone else is taking a hair cut.

1265
00:59:44,040 --> 00:59:48,720
Speaker 7: So yeah, I think it's probably. I mean, don't get

1266
00:59:48,760 --> 00:59:52,200
Speaker 7: me wrong, there's definitely more you could can't. But then

1267
00:59:52,280 --> 00:59:56,560
Speaker 7: you're getting into not just efficiency saving, but we're going

1268
00:59:56,680 --> 00:59:59,960
Speaker 7: to disestablish programs. You might be saying, Okay, we can't

1269
01:00:00,440 --> 01:00:01,400
Speaker 7: fine you or anymore.

1270
01:00:01,520 --> 01:00:03,840
Speaker 3: No, no, what about we can't afford the women's ministry

1271
01:00:03,880 --> 01:00:05,320
Speaker 3: and we cut that load of nonsense.

1272
01:00:07,600 --> 01:00:07,920
Speaker 12: Music.

1273
01:00:08,000 --> 01:00:11,560
Speaker 7: To my ears, there are around ten ministries that could

1274
01:00:11,640 --> 01:00:12,439
Speaker 7: happily be messing.

1275
01:00:12,440 --> 01:00:15,040
Speaker 3: We'll go on, David, name them. Okay, the Women's Ministry

1276
01:00:15,120 --> 01:00:15,520
Speaker 3: needs to go.

1277
01:00:15,640 --> 01:00:23,760
Speaker 7: What else, Well, here's the thing. All those demographic ones, woman, Pacific,

1278
01:00:24,800 --> 01:00:28,600
Speaker 7: mari affairs, they all get ignored by the government. If

1279
01:00:28,640 --> 01:00:31,760
Speaker 7: you moved them all together into a high powered ministry

1280
01:00:31,800 --> 01:00:36,960
Speaker 7: of social equity, they actually would probably be have more

1281
01:00:37,040 --> 01:00:41,800
Speaker 7: impact with government than all these small micro ministries.

1282
01:00:42,400 --> 01:00:42,840
Speaker 1: A lot of them.

1283
01:00:42,880 --> 01:00:46,160
Speaker 3: Okay, that's four, give me another. You owe me another six.

1284
01:00:46,600 --> 01:00:47,280
Speaker 3: You said there were ten.

1285
01:00:47,480 --> 01:00:50,120
Speaker 7: Well, if you really want me to get going, I

1286
01:00:50,320 --> 01:00:54,560
Speaker 7: actually would mooge the entire public service into twelve mega ministries.

1287
01:00:54,840 --> 01:00:57,120
Speaker 7: One in the law and order space, one in the

1288
01:00:57,240 --> 01:00:59,760
Speaker 7: economic space, one in the health, one in the education.

1289
01:01:00,200 --> 01:01:04,560
Speaker 7: Got four education agencies end u a PEC that and

1290
01:01:04,720 --> 01:01:07,440
Speaker 7: you have one chief zector for the sector, one minister

1291
01:01:07,600 --> 01:01:09,720
Speaker 7: for the sector. So you reduced can kind of like

1292
01:01:09,760 --> 01:01:10,880
Speaker 7: what was done with mb.

1293
01:01:12,680 --> 01:01:14,160
Speaker 19: Yes, but more successfully.

1294
01:01:14,560 --> 01:01:14,720
Speaker 2: Yes.

1295
01:01:16,560 --> 01:01:18,960
Speaker 3: Are you liking the sound of this, Jack, because David

1296
01:01:19,040 --> 01:01:21,800
Speaker 3: and I what obviously can see that there is room

1297
01:01:21,880 --> 01:01:23,440
Speaker 3: for Nicola to go even harder.

1298
01:01:24,120 --> 01:01:27,040
Speaker 19: Do you know in principle I have absolutely no problem

1299
01:01:27,120 --> 01:01:29,560
Speaker 19: with that, with the with the concept of breaking up those,

1300
01:01:29,840 --> 01:01:33,440
Speaker 19: you know, instead of having those kind of disparate demographic ministries,

1301
01:01:33,960 --> 01:01:36,800
Speaker 19: considering in principle the idea of merging them, I think

1302
01:01:36,840 --> 01:01:39,800
Speaker 19: there potentially are big efficiencies to be made. I mean,

1303
01:01:39,880 --> 01:01:42,400
Speaker 19: we're the raw not now is the time for that

1304
01:01:42,520 --> 01:01:44,160
Speaker 19: kind of reform of the public sector might be up

1305
01:01:44,240 --> 01:01:46,480
Speaker 19: for up for debate, but yeah, I mean, I think

1306
01:01:46,520 --> 01:01:49,240
Speaker 19: I think David's core point is right in.

1307
01:01:49,320 --> 01:01:52,040
Speaker 3: That now is now the time Jack, because we are

1308
01:01:52,120 --> 01:01:55,400
Speaker 3: in a financial we are running structural deficits that are

1309
01:01:55,480 --> 01:01:57,880
Speaker 3: so bad apparently we're at the bottom of the OECD

1310
01:01:58,040 --> 01:01:59,960
Speaker 3: for it. We need to save huge amounts of money.

1311
01:02:00,880 --> 01:02:04,320
Speaker 19: Yeah, yeah, we do. And you know, when you look

1312
01:02:04,320 --> 01:02:06,160
Speaker 19: at that Operating Allows, I feel like we're not going

1313
01:02:06,200 --> 01:02:08,800
Speaker 19: to have a full kind of measure of Nikola Willis's

1314
01:02:09,160 --> 01:02:12,080
Speaker 19: or the impact of Nicola Willis's actions until we can

1315
01:02:12,160 --> 01:02:15,919
Speaker 19: see how her kind of redirecting and reprioritization of money

1316
01:02:15,960 --> 01:02:19,240
Speaker 19: across different ministries and causes, like what the true effect

1317
01:02:19,320 --> 01:02:21,880
Speaker 19: of that is. Because when we're talking about that operating allows,

1318
01:02:21,920 --> 01:02:23,960
Speaker 19: we're efectively talking about new money, right, and we need

1319
01:02:24,000 --> 01:02:25,919
Speaker 19: to think about not just the new money, but also

1320
01:02:25,960 --> 01:02:28,280
Speaker 19: the money that's going to be kind of being shifted around.

1321
01:02:28,320 --> 01:02:31,800
Speaker 19: But yeah, I mean, yeah, yeah, maybe, although whether or

1322
01:02:31,840 --> 01:02:34,200
Speaker 19: not that would be in the short term interests of growth,

1323
01:02:34,320 --> 01:02:36,120
Speaker 19: which is of course what this government has kind of

1324
01:02:36,200 --> 01:02:40,480
Speaker 19: been there political fortunes on for the time being, Whether

1325
01:02:40,560 --> 01:02:42,000
Speaker 19: or not in the short term that would be in

1326
01:02:42,080 --> 01:02:44,800
Speaker 19: the interests of growth and massive reforms to the public sector,

1327
01:02:45,720 --> 01:02:48,480
Speaker 19: you know, potentially thousands of thousands of more public servants

1328
01:02:48,520 --> 01:02:50,880
Speaker 19: facing redundancy, that kind of thing. It might not be,

1329
01:02:51,240 --> 01:02:53,440
Speaker 19: but then again maybe we would look back at it

1330
01:02:53,440 --> 01:02:55,440
Speaker 19: in ten years time and go, actually, those were the

1331
01:02:55,520 --> 01:02:58,080
Speaker 19: reforms that have allowed New Zealand to climb out of

1332
01:02:58,080 --> 01:03:02,320
Speaker 19: a structural deficit that was, you know, basically not moving

1333
01:03:02,600 --> 01:03:05,360
Speaker 19: at the time being. You know that the path of

1334
01:03:05,400 --> 01:03:08,960
Speaker 19: the surface of the time being looks scarcely believable. I think,

1335
01:03:09,600 --> 01:03:12,160
Speaker 19: you know, in anyone's for you, regardless of their politics.

1336
01:03:11,800 --> 01:03:13,800
Speaker 3: Totally agree. Hey, guys, thank you so much, really appreciate

1337
01:03:13,840 --> 01:03:15,680
Speaker 3: both your time. That David Varah and Jack Tame Eight

1338
01:03:15,720 --> 01:03:17,720
Speaker 3: away from six it's the.

1339
01:03:17,840 --> 01:03:21,120
Speaker 1: Heather Duper c Allen Drive Full Show podcast on my

1340
01:03:21,360 --> 01:03:23,520
Speaker 1: Ard Radio powered by News Talk ZB.

1341
01:03:26,480 --> 01:03:28,240
Speaker 3: Right, so it's been pointed out by the way on

1342
01:03:28,280 --> 01:03:31,280
Speaker 3: the text machine just read the Kiwi Rail announcement that

1343
01:03:31,280 --> 01:03:33,600
Speaker 3: the Darta Tedy is going to be retired. That it's

1344
01:03:33,640 --> 01:03:36,240
Speaker 3: okay because Blue Bridge has got a couple of ships

1345
01:03:36,400 --> 01:03:38,040
Speaker 3: and one of them there's a new one, isn't there

1346
01:03:38,080 --> 01:03:39,920
Speaker 3: They've replaced one of them or something like that. So

1347
01:03:39,960 --> 01:03:41,440
Speaker 3: you don't have to just sail with the key We Rail.

1348
01:03:41,720 --> 01:03:43,560
Speaker 3: You can also say it with the inter Islander. You

1349
01:03:43,600 --> 01:03:45,720
Speaker 3: can also sail with the Blue Bridge. Obviously five away

1350
01:03:45,760 --> 01:03:48,320
Speaker 3: from six at the minute. By the way, I will

1351
01:03:48,400 --> 01:03:52,240
Speaker 3: continue this discussion about how hard Nikola Willis should actually

1352
01:03:52,280 --> 01:03:55,040
Speaker 3: have gone with the budget with Eric Crampton, who's going

1353
01:03:55,080 --> 01:03:56,919
Speaker 3: to be with us after six o'clock. Now, Donald Trump,

1354
01:03:57,440 --> 01:04:00,360
Speaker 3: as we've told you, Donald Trump has been selling breading

1355
01:04:00,400 --> 01:04:02,959
Speaker 3: his first one hundred days in office by doing something

1356
01:04:03,040 --> 01:04:06,960
Speaker 3: that he absolutely loves doing, which is giving a really

1357
01:04:07,080 --> 01:04:07,720
Speaker 3: long speech.

1358
01:04:07,840 --> 01:04:08,360
Speaker 7: And he did.

1359
01:04:08,560 --> 01:04:11,520
Speaker 3: He gave one and a half hours of a long speech.

1360
01:04:11,840 --> 01:04:14,240
Speaker 3: And if it's felt for you like this, one hundred

1361
01:04:14,280 --> 01:04:16,320
Speaker 3: days has lasted a lifetime, because boy, we've got through

1362
01:04:16,360 --> 01:04:17,960
Speaker 3: a lot of things in the first one hundred days.

1363
01:04:17,960 --> 01:04:20,440
Speaker 3: Don't worry, We've still got another thirteen hundred to go.

1364
01:04:20,880 --> 01:04:23,320
Speaker 15: This is the best they say one hundred days start

1365
01:04:23,400 --> 01:04:26,280
Speaker 15: of any president in history, and everyone is saying it,

1366
01:04:26,400 --> 01:04:28,080
Speaker 15: We're just we've.

1367
01:04:28,120 --> 01:04:29,320
Speaker 3: Just gotten started.

1368
01:04:29,400 --> 01:04:31,120
Speaker 15: You haven't even seen anything yet.

1369
01:04:31,200 --> 01:04:32,600
Speaker 2: It's all just kicking out.

1370
01:04:33,360 --> 01:04:35,520
Speaker 3: And as he likes to do, he went after the

1371
01:04:35,600 --> 01:04:37,840
Speaker 3: usual suspects, illegal immigrants.

1372
01:04:38,000 --> 01:04:41,400
Speaker 15: They're claiming that we're not allowed to deport illegals. And

1373
01:04:41,480 --> 01:04:44,520
Speaker 15: they're the ones who orchestrated an eight year campaign to

1374
01:04:44,720 --> 01:04:46,360
Speaker 15: jail their political opponents.

1375
01:04:46,480 --> 01:04:47,160
Speaker 20: You know what I mean.

1376
01:04:47,360 --> 01:04:51,320
Speaker 3: They want to jail woke leftist bureaucrats, telling.

1377
01:04:51,200 --> 01:04:57,440
Speaker 15: Thousands of corrupt and competent and unnecessary deep steak bureaucrats,

1378
01:04:57,800 --> 01:05:00,680
Speaker 15: you're fired, Get the hell out of here. You have fire,

1379
01:05:01,320 --> 01:05:02,080
Speaker 15: Get out of here.

1380
01:05:02,560 --> 01:05:03,680
Speaker 3: Dei hires.

1381
01:05:03,960 --> 01:05:07,520
Speaker 15: I ended all of the lawless so called diversity, equity

1382
01:05:07,600 --> 01:05:13,560
Speaker 15: and inclusion bullshit all across the entire federal government.

1383
01:05:13,280 --> 01:05:15,880
Speaker 3: And the private sector and the fake news media.

1384
01:05:16,360 --> 01:05:19,920
Speaker 15: They say Trump only has a forty four percent approval ready,

1385
01:05:20,000 --> 01:05:21,439
Speaker 15: Well it's actually not bad.

1386
01:05:21,760 --> 01:05:23,240
Speaker 7: But when you figure that if.

1387
01:05:23,160 --> 01:05:24,680
Speaker 15: It were a legit poll, it would be in the

1388
01:05:24,800 --> 01:05:29,240
Speaker 15: sixties or seventies. These people are a bunch of crooked people.

1389
01:05:29,720 --> 01:05:32,400
Speaker 3: Trump Rerickins, the Democrats' best bet as Bernie Sanders.

1390
01:05:32,680 --> 01:05:34,960
Speaker 15: One thing I got to give him credit. He's a lunatic,

1391
01:05:35,160 --> 01:05:39,200
Speaker 15: but he's still pretty sharp. And he's going around with

1392
01:05:39,440 --> 01:05:42,200
Speaker 15: AOC plus three, you know the plus three follow up.

1393
01:05:42,960 --> 01:05:45,720
Speaker 15: They hang on for little bits, they hang on for nuggets.

1394
01:05:46,000 --> 01:05:47,960
Speaker 3: Now if you don't know what he's talking about. AOC

1395
01:05:48,080 --> 01:05:50,440
Speaker 3: and Bernie are currently traveling across Middle America in a

1396
01:05:50,480 --> 01:05:53,000
Speaker 3: bid to reclaim the support that they've eroded. And they've

1397
01:05:53,120 --> 01:05:56,120
Speaker 3: surprisingly been actually quite popular. But as Trump will always

1398
01:05:56,160 --> 01:05:59,120
Speaker 3: remind us, not as popular as him, and.

1399
01:05:59,160 --> 01:06:02,160
Speaker 15: They get crowds, so the crowds. Our crowds are so

1400
01:06:02,280 --> 01:06:05,120
Speaker 15: much bigger than their crowds. Their crowds are small. If

1401
01:06:05,160 --> 01:06:07,080
Speaker 15: I ever had a crowd like their biggest crowd.

1402
01:06:07,120 --> 01:06:08,520
Speaker 12: They say it's over for Trump.

1403
01:06:10,920 --> 01:06:13,360
Speaker 3: Not a lot has changed. You could almost write the speech.

1404
01:06:13,400 --> 01:06:15,600
Speaker 3: AI could write a speech for him, couldn't he? And

1405
01:06:15,720 --> 01:06:17,440
Speaker 3: we could just listen to that rather than him, and

1406
01:06:17,440 --> 01:06:20,080
Speaker 3: it would be bang on. Eric Crampton next News Talks.

1407
01:06:19,840 --> 01:06:20,240
Speaker 1: A big.

1408
01:06:23,720 --> 01:06:24,040
Speaker 11: Stay.

1409
01:06:26,120 --> 01:06:33,080
Speaker 3: Oh aren't you? I need you, Olga h need These

1410
01:06:33,200 --> 01:06:34,920
Speaker 3: beautiful things are.

1411
01:06:36,120 --> 01:06:41,000
Speaker 1: Where business meets insight the Business Hour with Hither duples,

1412
01:06:41,040 --> 01:06:45,760
Speaker 1: Clan and mass insurance and investments, Grow your wealth, Protect

1413
01:06:45,800 --> 01:06:46,280
Speaker 1: your future.

1414
01:06:46,560 --> 01:06:47,400
Speaker 2: News Talk said b.

1415
01:06:49,000 --> 01:06:50,640
Speaker 3: Even in coming up in the next hour, it turns

1416
01:06:50,680 --> 01:06:53,400
Speaker 3: out the Reserve Bank is buying huge amounts of foreign currency.

1417
01:06:53,480 --> 01:06:55,840
Speaker 3: Jane tip Traney will explain that to us when she's

1418
01:06:55,880 --> 01:06:58,160
Speaker 3: with us. Samtrafui on the first look that we're getting

1419
01:06:58,160 --> 01:07:01,200
Speaker 3: at the impact of the tariffs on company and fucker

1420
01:07:01,240 --> 01:07:03,760
Speaker 3: Papa Holdings has just got permission to run the ski field,

1421
01:07:03,840 --> 01:07:05,560
Speaker 3: so we'll have a chat to them after six thirty.

1422
01:07:05,640 --> 01:07:08,040
Speaker 3: Right now at seven past six. Now, after the initial

1423
01:07:08,120 --> 01:07:12,240
Speaker 3: shock about Finance Minister Nikola Willis's almost zero budget, there

1424
01:07:12,280 --> 01:07:14,560
Speaker 3: are now calls for her to go even further now.

1425
01:07:14,640 --> 01:07:17,600
Speaker 3: She announced yesterday that she's given herself an operating allowance

1426
01:07:17,600 --> 01:07:20,520
Speaker 3: of one point three billion dollars for next month's budget,

1427
01:07:20,600 --> 01:07:22,360
Speaker 3: but most of that, in fact, all of that has

1428
01:07:22,400 --> 01:07:25,560
Speaker 3: already been allocated. Plus. Eric Crampton is the New Zealand

1429
01:07:25,600 --> 01:07:26,560
Speaker 3: Initiatives economist.

1430
01:07:26,600 --> 01:07:28,240
Speaker 5: Hey, Eric, good afternoon.

1431
01:07:28,440 --> 01:07:29,720
Speaker 3: How much harder would you like her to go?

1432
01:07:31,480 --> 01:07:34,800
Speaker 5: We have a massive structural deficit. On the numbers that

1433
01:07:34,920 --> 01:07:37,960
Speaker 5: Mike Riddell reported recently from the IMF, it's about the

1434
01:07:38,040 --> 01:07:41,880
Speaker 5: worst in the OECD if you compare it to overall GDP.

1435
01:07:42,520 --> 01:07:44,960
Speaker 5: That's not good. The public Finance Act says we are

1436
01:07:45,040 --> 01:07:48,320
Speaker 5: really not supposed to do this, So cutting until we

1437
01:07:48,560 --> 01:07:51,600
Speaker 5: no longer have a structural deficit would be a very

1438
01:07:51,640 --> 01:07:54,600
Speaker 5: good idea. That doesn't mean that we can't have a deficit.

1439
01:07:54,680 --> 01:07:57,360
Speaker 5: If we're having a downturn, it's normal to have a deficit.

1440
01:07:57,520 --> 01:08:00,200
Speaker 5: But a structural deficit is one where even if the

1441
01:08:00,240 --> 01:08:03,160
Speaker 5: economy we're firing on all cylinders, we would still have

1442
01:08:03,200 --> 01:08:03,680
Speaker 5: a deficit.

1443
01:08:03,960 --> 01:08:04,640
Speaker 12: That's a problem.

1444
01:08:04,720 --> 01:08:07,320
Speaker 5: We've had one since about twenty twenty. It was justifiable

1445
01:08:07,360 --> 01:08:09,320
Speaker 5: in COVID. It is no longer justifiable now.

1446
01:08:09,480 --> 01:08:10,080
Speaker 3: How big is it?

1447
01:08:12,320 --> 01:08:15,800
Speaker 5: Well, in the figures that Microdell had put up, it

1448
01:08:16,040 --> 01:08:19,240
Speaker 5: was substantial percents of GDP. I would have to double

1449
01:08:19,320 --> 01:08:21,320
Speaker 5: check the exact number, but it was worse even than

1450
01:08:21,320 --> 01:08:24,680
Speaker 5: the United States, which is having awful budget blowouts. The

1451
01:08:25,520 --> 01:08:27,880
Speaker 5: problem is less on the tax side and more on

1452
01:08:28,000 --> 01:08:30,519
Speaker 5: the spending side. So if you remember back to Budget

1453
01:08:30,600 --> 01:08:33,519
Speaker 5: twenty nineteen, the Great Well Being budget that was going

1454
01:08:33,600 --> 01:08:37,200
Speaker 5: to solve every problem that the country had and keep

1455
01:08:37,240 --> 01:08:40,439
Speaker 5: government spending blow twenty nine percent of GDP. Well, our

1456
01:08:40,520 --> 01:08:44,120
Speaker 5: tax take or core cround tax take is above where

1457
01:08:44,160 --> 01:08:46,880
Speaker 5: it was in twenty nineteen. As a fraction of GDP.

1458
01:08:47,600 --> 01:08:51,800
Speaker 5: The problem is that government spending outpaced it considerably, so

1459
01:08:52,880 --> 01:08:56,960
Speaker 5: we're now looking at well north of thirty percent of GDP,

1460
01:08:57,720 --> 01:09:00,400
Speaker 5: and some of that is financing costs. But finance and

1461
01:09:00,439 --> 01:09:03,760
Speaker 5: cost isn't the whole problem, but it is a big

1462
01:09:03,800 --> 01:09:04,479
Speaker 5: part of the problem.

1463
01:09:05,720 --> 01:09:08,720
Speaker 3: How much like Okay, so what are we looking at

1464
01:09:08,800 --> 01:09:10,920
Speaker 3: in terms what do we need to cut in order

1465
01:09:11,000 --> 01:09:14,120
Speaker 3: to save the situation? Would we get by with entire

1466
01:09:14,200 --> 01:09:16,439
Speaker 3: government departments or are you going to come after the pension?

1467
01:09:18,439 --> 01:09:22,200
Speaker 5: Well, the big problems are in continued increases in transfers

1468
01:09:22,200 --> 01:09:24,479
Speaker 5: to the elderly. Really that we've got these large transfer

1469
01:09:24,560 --> 01:09:26,880
Speaker 5: programs that will get a lot more unaffordable in the

1470
01:09:26,920 --> 01:09:27,519
Speaker 5: twenty thirties.

1471
01:09:27,600 --> 01:09:29,000
Speaker 3: You're talking about the Painton run.

1472
01:09:30,000 --> 01:09:32,800
Speaker 5: Yeah, pension, but also combined with health spending, so those

1473
01:09:32,880 --> 01:09:34,760
Speaker 5: together are going to be blowing out in the twenty

1474
01:09:34,800 --> 01:09:37,760
Speaker 5: thirties and having things set well ahead of that to

1475
01:09:37,880 --> 01:09:40,920
Speaker 5: avoid well right now is kind of the good times

1476
01:09:41,000 --> 01:09:43,680
Speaker 5: right compared it to in the twenty thirties when we

1477
01:09:43,800 --> 01:09:46,679
Speaker 5: will have a much worse dependency ratio. So getting things

1478
01:09:46,680 --> 01:09:47,519
Speaker 5: in line ahead.

1479
01:09:47,280 --> 01:09:48,240
Speaker 12: Of that would be a good idea.

1480
01:09:48,920 --> 01:09:51,840
Speaker 5: There's been talk about means testing for a few programs,

1481
01:09:52,240 --> 01:09:54,360
Speaker 5: some of which should have just been ended, like the

1482
01:09:54,400 --> 01:09:58,240
Speaker 5: winter energy payments. At least means testing would make sense.

1483
01:09:58,760 --> 01:10:01,280
Speaker 5: About a decade ago, I'd put out a report looking

1484
01:10:01,400 --> 01:10:05,280
Speaker 5: at reinstating interest on student loans. We're still providing those

1485
01:10:05,680 --> 01:10:08,479
Speaker 5: on an interest free basis to all comers. I'm not

1486
01:10:08,560 --> 01:10:11,760
Speaker 5: sure that that makes a lot of sense. Economist Studonovan

1487
01:10:11,840 --> 01:10:14,479
Speaker 5: had put some rough numbers on it on Twitter today,

1488
01:10:14,680 --> 01:10:18,200
Speaker 5: figuring that even just in charging for inflation on it

1489
01:10:19,080 --> 01:10:21,599
Speaker 5: would save the government about two hundred million dollars a year,

1490
01:10:22,120 --> 01:10:25,880
Speaker 5: which doesn't touch the sides of the deficit on its own,

1491
01:10:26,120 --> 01:10:29,680
Speaker 5: but in combination with other things could help. So when

1492
01:10:29,680 --> 01:10:33,760
Speaker 5: you're running high inflation and zero percent student loans, the

1493
01:10:33,840 --> 01:10:37,600
Speaker 5: government is basically paying you to borrow. It's because the

1494
01:10:37,640 --> 01:10:41,439
Speaker 5: real value that just erodes over time within with inflation.

1495
01:10:41,760 --> 01:10:42,439
Speaker 19: Have we ever had a.

1496
01:10:42,439 --> 01:10:44,360
Speaker 3: Situation we go back to twenty eleven, we had a

1497
01:10:44,439 --> 01:10:46,760
Speaker 3: zero budget where we had no increases. Right, it's become

1498
01:10:46,840 --> 01:10:49,200
Speaker 3: conventional to just increase the budget every single year. Have

1499
01:10:49,320 --> 01:10:51,960
Speaker 3: we ever had a situation where we have cut the

1500
01:10:52,080 --> 01:10:53,960
Speaker 3: amount of spending from one year to the next.

1501
01:10:55,560 --> 01:10:57,519
Speaker 5: I having those numbers in front of me. There was

1502
01:10:57,600 --> 01:11:00,680
Speaker 5: of course substantial fiscal consolidation in the nineteen ninety one

1503
01:11:00,720 --> 01:11:03,680
Speaker 5: budget when they had a very large problem to deal with.

1504
01:11:04,320 --> 01:11:07,479
Speaker 5: The approach in twenty four coming out of the GFC

1505
01:11:08,240 --> 01:11:11,840
Speaker 5: was more of this kind of fiscal restraint that Minister

1506
01:11:11,880 --> 01:11:14,759
Speaker 5: Willis is trying to use, where you have tight operating

1507
01:11:14,800 --> 01:11:16,880
Speaker 5: budgets and then count on economic growth to pull you

1508
01:11:16,960 --> 01:11:18,880
Speaker 5: out of it. The problem that we've got with that

1509
01:11:19,120 --> 01:11:22,880
Speaker 5: now is that the economic forecast globally is far worse

1510
01:11:22,920 --> 01:11:25,560
Speaker 5: than it would have been even a year ago. The

1511
01:11:25,680 --> 01:11:28,719
Speaker 5: tariff situation in the United States is depressing global economic

1512
01:11:28,840 --> 01:11:31,720
Speaker 5: prospects that will hit New Zealand as well as hitting

1513
01:11:31,760 --> 01:11:34,560
Speaker 5: all of our trading partners. That means it will be

1514
01:11:34,640 --> 01:11:36,760
Speaker 5: harder to grow our way out of it, so you

1515
01:11:36,920 --> 01:11:39,120
Speaker 5: need to rely more on actual spending restraint.

1516
01:11:39,640 --> 01:11:41,360
Speaker 3: Eric, it's good to talk to you. I really appreciate it.

1517
01:11:41,400 --> 01:11:44,200
Speaker 3: Thanks for your tome. That's Eric Crampton, the economist at

1518
01:11:44,200 --> 01:11:47,240
Speaker 3: the New Zealand Initiative. Listen. Stephen Stone has sat down

1519
01:11:47,280 --> 01:11:49,679
Speaker 3: to talk to one of the News TV news bulletins

1520
01:11:49,720 --> 01:11:51,760
Speaker 3: this evening as Stevenstone. If you haven't been following this,

1521
01:11:52,240 --> 01:11:54,920
Speaker 3: Stephenstone was one of the people who was accused of

1522
01:11:55,120 --> 01:11:57,799
Speaker 3: murdering and actually stood trial a couple of times, accused

1523
01:11:57,840 --> 01:12:01,040
Speaker 3: of murdering Dean full of Sands and Leah Stevens a

1524
01:12:01,160 --> 01:12:04,040
Speaker 3: couple of decades ago, and there was a podcast made

1525
01:12:04,040 --> 01:12:05,960
Speaker 3: about it called Gonefishing and so on. It's had a

1526
01:12:06,000 --> 01:12:09,479
Speaker 3: fair bit of publicity recently. Now the Crown announced today

1527
01:12:09,520 --> 01:12:12,040
Speaker 3: and something of a bombshell. We were waiting that a

1528
01:12:12,160 --> 01:12:14,760
Speaker 3: couple of the couple of the people got off and

1529
01:12:14,960 --> 01:12:16,479
Speaker 3: we were waiting to hear what the crown was going

1530
01:12:16,560 --> 01:12:18,000
Speaker 3: to do with Stephen Stone. And today, in a bit

1531
01:12:18,040 --> 01:12:20,040
Speaker 3: of a bombshell, they announced that they were dropping a

1532
01:12:20,120 --> 01:12:22,880
Speaker 3: retrial against him and he was free to go his

1533
01:12:23,160 --> 01:12:24,760
Speaker 3: As I said, sat down with one of the news

1534
01:12:25,320 --> 01:12:28,719
Speaker 3: TV news channels and reacted to this news today.

1535
01:12:28,760 --> 01:12:31,360
Speaker 15: I want to rub everybody involved in the rub their

1536
01:12:31,439 --> 01:12:35,000
Speaker 15: noses in the ground, you know, put them in a.

1537
01:12:35,040 --> 01:12:37,759
Speaker 4: Cage for twenty eight years and see how they feel.

1538
01:12:38,280 --> 01:12:39,160
Speaker 3: Now fifty five.

1539
01:12:39,400 --> 01:12:40,519
Speaker 19: He's missed out on a lot.

1540
01:12:41,080 --> 01:12:43,000
Speaker 12: O to Jay when my son was four years old,

1541
01:12:43,000 --> 01:12:44,280
Speaker 12: when I got ere, he was thirty four.

1542
01:12:46,280 --> 01:12:47,519
Speaker 8: I don't even remember how half my.

1543
01:12:47,560 --> 01:12:48,600
Speaker 12: Drink kids now.

1544
01:12:48,680 --> 01:12:50,200
Speaker 3: As I said, there was a podcast about it. It

1545
01:12:50,320 --> 01:12:53,799
Speaker 3: was called gonfishing. The co host of that podcast, Adam Dudding,

1546
01:12:54,439 --> 01:12:58,160
Speaker 3: says Stephenstone going for competition should absolutely be a shoeing.

1547
01:12:58,479 --> 01:13:02,400
Speaker 5: However, the tack of the crowd has certainly grudgingly stopped

1548
01:13:02,479 --> 01:13:05,000
Speaker 5: assuing this makes them think that perhaps it'll be a

1549
01:13:05,080 --> 01:13:06,040
Speaker 5: harder journey.

1550
01:13:06,360 --> 01:13:09,200
Speaker 3: Obviously, what I meant to say was compensation. Thirteen past six,

1551
01:13:10,200 --> 01:13:11,200
Speaker 3: it's the Heather Duper.

1552
01:13:11,280 --> 01:13:14,639
Speaker 1: See Alan Drive Full Show podcast on my Heart Radio

1553
01:13:14,720 --> 01:13:16,320
Speaker 1: empowered by news dog Zebbi.

1554
01:13:17,400 --> 01:13:19,640
Speaker 3: Hey, although we've said goodbye to summer, it doesn't mean

1555
01:13:19,680 --> 01:13:21,960
Speaker 3: that we also have to say goodbye to the refreshing

1556
01:13:22,040 --> 01:13:25,240
Speaker 3: flavors which we get in summer. Because Bunderberg, the legendary

1557
01:13:25,320 --> 01:13:27,720
Speaker 3: brewers of the iconic Bunderberg Ginger Beer, are coming out

1558
01:13:27,760 --> 01:13:31,000
Speaker 3: with a brand new low sugar sparkling drink rage. It's

1559
01:13:31,040 --> 01:13:32,439
Speaker 3: called Refreshingly Light.

1560
01:13:32,720 --> 01:13:32,840
Speaker 11: Now.

1561
01:13:32,920 --> 01:13:35,879
Speaker 3: This comes in three flavor combos which sound absolutely delicious.

1562
01:13:35,960 --> 01:13:39,960
Speaker 3: Raspberry and pomegranate, apple and leichi, Lemon and watermelon. These

1563
01:13:40,000 --> 01:13:42,839
Speaker 3: things are low on sugar, with no artificial sweetness flavors

1564
01:13:42,920 --> 01:13:45,240
Speaker 3: or colors. They're made for real fruit. They've only got

1565
01:13:45,280 --> 01:13:49,200
Speaker 3: twenty calories per can and interestingly, have been craft brewed

1566
01:13:49,280 --> 01:13:49,920
Speaker 3: for three days.

1567
01:13:49,960 --> 01:13:50,120
Speaker 7: Now.

1568
01:13:50,200 --> 01:13:52,000
Speaker 3: That sounds like a long time, but it makes sense, right,

1569
01:13:52,040 --> 01:13:55,240
Speaker 3: because it's three days to lock in all those incredible flavors.

1570
01:13:55,280 --> 01:13:58,320
Speaker 3: And honestly, you would not expect anything less from Bunderberg

1571
01:13:58,360 --> 01:14:01,800
Speaker 3: because these guys care about make stuff that just tastes good,

1572
01:14:01,960 --> 01:14:05,320
Speaker 3: simple as that. So to taste Bunderberg's new refreshingly light

1573
01:14:05,479 --> 01:14:08,840
Speaker 3: sparkling drink range, you'll find them at most major supermarkets.

1574
01:14:08,880 --> 01:14:11,400
Speaker 1: Now, Heather, do to see Ellen, Heather.

1575
01:14:11,479 --> 01:14:15,040
Speaker 3: The number that Eric claims he couldn't remember is eighteen billion.

1576
01:14:15,160 --> 01:14:19,800
Speaker 3: That's our current deficit one eight zero zero zero zero

1577
01:14:20,080 --> 01:14:23,720
Speaker 3: zero zero zero zero zero. So Nicola will is saying

1578
01:14:23,760 --> 01:14:25,680
Speaker 3: I'm only going to increase spending by one point three

1579
01:14:25,720 --> 01:14:27,600
Speaker 3: billion dollars just makes that worse, not better. And this

1580
01:14:27,680 --> 01:14:30,000
Speaker 3: is why we need proper financial literacy taught. And Bill

1581
01:14:30,080 --> 01:14:33,120
Speaker 3: I'm starting, you're convincing me with every single one of

1582
01:14:33,160 --> 01:14:35,240
Speaker 3: those zero's. They're seventeen past six.

1583
01:14:35,360 --> 01:14:35,479
Speaker 7: Now.

1584
01:14:35,880 --> 01:14:38,920
Speaker 3: The Reserve Bank has been busy buying up foreign currency assets.

1585
01:14:38,920 --> 01:14:41,200
Speaker 3: It recently sold about two hundred and fifty nine million

1586
01:14:41,280 --> 01:14:44,400
Speaker 3: New Zealand dollars to lift its intervention capacity to a

1587
01:14:44,439 --> 01:14:48,080
Speaker 3: whopping twenty seven billion dollars. Now Genetibstrainey. The Herald's Wellington

1588
01:14:48,120 --> 01:14:51,360
Speaker 3: business editors been taking a look hijename. Hey Heaver, give

1589
01:14:51,400 --> 01:14:53,040
Speaker 3: me a bit of context. How big is about two

1590
01:14:53,080 --> 01:14:54,320
Speaker 3: hundred and sixty million dollars.

1591
01:14:55,880 --> 01:14:59,360
Speaker 21: Look, that's that's pretty big and it sort of maybe

1592
01:14:59,760 --> 01:15:02,560
Speaker 21: in the realm of the cost of school lunches.

1593
01:15:04,439 --> 01:15:06,080
Speaker 3: Do they regularly buy that much?

1594
01:15:06,680 --> 01:15:11,080
Speaker 21: Yeah, So for the Reserve Bank to actually, we'll just

1595
01:15:11,120 --> 01:15:14,200
Speaker 21: take this backstep. So the Reserve Bank sold two hundred

1596
01:15:14,200 --> 01:15:18,160
Speaker 21: and fifty nine million dollars of New Zealand dollars in March.

1597
01:15:18,880 --> 01:15:22,080
Speaker 21: That is the second highest amount that it has sold

1598
01:15:23,040 --> 01:15:27,000
Speaker 21: in more than a decade. So the reason it's getting

1599
01:15:27,040 --> 01:15:29,640
Speaker 21: involved in currency markets selling New Zealand dollars is so

1600
01:15:29,720 --> 01:15:33,360
Speaker 21: that it can get money to buy foreign currency assets. Now,

1601
01:15:33,400 --> 01:15:37,120
Speaker 21: it's quite normal thing for a central bank to have

1602
01:15:37,240 --> 01:15:40,320
Speaker 21: a large balance sheet, have a war chest of foreign

1603
01:15:40,360 --> 01:15:43,839
Speaker 21: currency assets, so that if there is a financial crisis,

1604
01:15:44,600 --> 01:15:49,160
Speaker 21: it can possibly intervene. Now, the threshold for intervention is

1605
01:15:49,280 --> 01:15:52,200
Speaker 21: really high. There's a framework in place that the Reserve

1606
01:15:52,280 --> 01:15:55,360
Speaker 21: Bank has agreed to with the government for what the

1607
01:15:55,439 --> 01:15:58,880
Speaker 21: conditions would need to be if it did intervene. But

1608
01:15:59,080 --> 01:16:01,479
Speaker 21: I think it is pretty significant that you know, in

1609
01:16:01,600 --> 01:16:04,800
Speaker 21: one month that it made such a large transaction to

1610
01:16:04,960 --> 01:16:06,920
Speaker 21: try to I guess, give it, give it, give itself

1611
01:16:06,920 --> 01:16:07,639
Speaker 21: a bit more muscle.

1612
01:16:08,040 --> 01:16:08,160
Speaker 1: Now.

1613
01:16:08,800 --> 01:16:11,800
Speaker 3: Is this is not necessarily a response to or an

1614
01:16:11,840 --> 01:16:14,040
Speaker 3: indication that think a crisis is coming, right, this is

1615
01:16:14,080 --> 01:16:16,000
Speaker 3: something that was agreed with Grant Robertson by memory.

1616
01:16:16,680 --> 01:16:19,560
Speaker 21: Yeah, that's right. So the Reserve Bank has spent the

1617
01:16:19,640 --> 01:16:23,439
Speaker 21: past two years, you know, buying and selling assets to

1618
01:16:23,880 --> 01:16:29,320
Speaker 21: bolster its foreign currency intervention capacity. Now it's actually more

1619
01:16:29,400 --> 01:16:32,479
Speaker 21: than doubled that capacity in the past two years to

1620
01:16:32,640 --> 01:16:37,800
Speaker 21: nearly twenty seven billion dollars. That's huge. So the Reserve

1621
01:16:37,840 --> 01:16:40,160
Speaker 21: Bank agreed with Grant Robertson, look, it's time to update this.

1622
01:16:40,320 --> 01:16:42,640
Speaker 21: We need to give ourselves a bit more strength. The

1623
01:16:42,760 --> 01:16:45,000
Speaker 21: move that we saw in March was just part of this,

1624
01:16:45,240 --> 01:16:48,160
Speaker 21: but it was a particularly large move. Now I asked

1625
01:16:48,160 --> 01:16:51,000
Speaker 21: the Reserve Bank, I said, look, what's happened here? Because

1626
01:16:51,040 --> 01:16:55,000
Speaker 21: I mean the timing of it is interesting. There's so

1627
01:16:55,200 --> 01:16:58,000
Speaker 21: much volatility in markets at the moment you have to think, well,

1628
01:16:58,320 --> 01:17:01,000
Speaker 21: why did they buy so much? Sorry, why did they

1629
01:17:01,160 --> 01:17:03,439
Speaker 21: sell so much and then buy so much? Foreign currency

1630
01:17:03,840 --> 01:17:08,160
Speaker 21: assets in one month. The bank wouldn't say, but it

1631
01:17:08,320 --> 01:17:11,080
Speaker 21: did point me to something where it said that if

1632
01:17:11,240 --> 01:17:15,280
Speaker 21: the New Zealand dollar is particularly strong, that might prompt

1633
01:17:15,320 --> 01:17:17,719
Speaker 21: it to sell, whereas if it's weak, it might prompt

1634
01:17:17,760 --> 01:17:21,960
Speaker 21: it to buy. So that's a thing. But then I

1635
01:17:22,080 --> 01:17:24,439
Speaker 21: took to an expert and actually that the New Zealand

1636
01:17:24,520 --> 01:17:28,040
Speaker 21: dollar was not particularly strong in March when it made

1637
01:17:28,080 --> 01:17:31,439
Speaker 21: that big sale. So it has left me and others

1638
01:17:31,520 --> 01:17:34,320
Speaker 21: who are more in the know than I am scratching

1639
01:17:34,400 --> 01:17:39,560
Speaker 21: our heads over what the rationale was. You know, it

1640
01:17:39,640 --> 01:17:41,560
Speaker 21: does make you think it would be nice if the

1641
01:17:41,600 --> 01:17:45,840
Speaker 21: Reserve Bank was a little bit more transparent, because you know,

1642
01:17:45,960 --> 01:17:48,000
Speaker 21: while it can't give away its hand and say to

1643
01:17:48,080 --> 01:17:49,960
Speaker 21: the market, we're going to do this intervention, because then

1644
01:17:50,000 --> 01:17:53,080
Speaker 21: people could be better against it. Yea, it is important

1645
01:17:53,160 --> 01:17:55,759
Speaker 21: that it is, in my view, transparent with us because

1646
01:17:55,800 --> 01:17:59,120
Speaker 21: we're talking very large sums of money and there's always

1647
01:17:59,160 --> 01:18:01,760
Speaker 21: a risk when it's balance sheet is so big that

1648
01:18:02,160 --> 01:18:05,519
Speaker 21: these these assets fall in value and that could end

1649
01:18:05,600 --> 01:18:10,280
Speaker 21: up costing taxpayers. So I think there is a case

1650
01:18:10,280 --> 01:18:13,080
Speaker 21: to be made for a wee bit more transparency from

1651
01:18:13,160 --> 01:18:13,479
Speaker 21: the bank.

1652
01:18:13,560 --> 01:18:15,960
Speaker 3: Yeah, bit of explanation Hey, that's fascinating, Janey. Thanks very

1653
01:18:16,000 --> 01:18:19,439
Speaker 3: much appreciated this Jena Shire trainee the Heralds Wellington Business Editor.

1654
01:18:19,479 --> 01:18:23,960
Speaker 3: Now I've got a couple of Megan Markel updates for you,

1655
01:18:24,040 --> 01:18:26,479
Speaker 3: but I'm going to keep them for Zombie Hour because

1656
01:18:26,960 --> 01:18:28,519
Speaker 3: it's where she belongs. Six to twenty one.

1657
01:18:29,240 --> 01:18:33,320
Speaker 1: Everything from SMEs to the big corporates, The Business Hour

1658
01:18:33,600 --> 01:18:38,519
Speaker 1: with Heather Duplicllen and Mass Insurance and Investments, Grow your wealth,

1659
01:18:38,720 --> 01:18:40,160
Speaker 1: Protect your future, use.

1660
01:18:40,120 --> 01:18:42,080
Speaker 2: Talks env hither.

1661
01:18:42,160 --> 01:18:43,840
Speaker 3: We would have enough money for everything if we just

1662
01:18:43,840 --> 01:18:45,920
Speaker 3: stop paying people who can work not to work once

1663
01:18:45,960 --> 01:18:48,120
Speaker 3: you make a fair points six twenty four. Now time

1664
01:18:48,200 --> 01:18:50,439
Speaker 3: to check in on the market. Samtrathuy is from Milford

1665
01:18:50,479 --> 01:18:53,760
Speaker 3: Asset Management. Hey, Sam, good evening either, Okay, Sam, So

1666
01:18:53,800 --> 01:18:56,120
Speaker 3: we're starting to see the signs that Trump's tariffs are

1667
01:18:56,160 --> 01:18:58,840
Speaker 3: impacting the corporate earnings and whatnot. What are you seeing

1668
01:18:58,920 --> 01:19:00,479
Speaker 3: coming through? What are the initial impacts?

1669
01:19:01,479 --> 01:19:04,280
Speaker 18: Yes, we certainly are. I think there's indications both locally

1670
01:19:04,640 --> 01:19:07,719
Speaker 18: and from the large US listed companies that these tariffs

1671
01:19:07,800 --> 01:19:10,120
Speaker 18: are real and they're starting to buy it. So the

1672
01:19:10,240 --> 01:19:13,040
Speaker 18: current earning season underway in the US has been dominated

1673
01:19:13,120 --> 01:19:15,760
Speaker 18: by a few concerns from a pretty diverse list of

1674
01:19:15,840 --> 01:19:19,519
Speaker 18: companies that these tariffs are coming through. It's the first

1675
01:19:19,600 --> 01:19:22,840
Speaker 18: time that many of these businesses have spoken publicly since

1676
01:19:22,920 --> 01:19:25,680
Speaker 18: Trump's Liberation Day. So to give you a flavor of

1677
01:19:25,760 --> 01:19:28,040
Speaker 18: it at the very headline level, the Port of Los

1678
01:19:28,080 --> 01:19:30,400
Speaker 18: Angeles was out overnight and that's the busiest port in

1679
01:19:30,439 --> 01:19:34,679
Speaker 18: the US, indicating that pandemic style shipping issues are coming back.

1680
01:19:34,800 --> 01:19:37,679
Speaker 18: So imports from China down thirty percent in the past

1681
01:19:37,680 --> 01:19:40,679
Speaker 18: week or so, as many retailers ground to a halt,

1682
01:19:41,360 --> 01:19:43,920
Speaker 18: and it's a matter of weeks before inventory starts to

1683
01:19:43,960 --> 01:19:48,479
Speaker 18: inty out on many shelves across the US. Else Where,

1684
01:19:48,479 --> 01:19:51,559
Speaker 18: you've got the likes of Delivery Giant or courier ups

1685
01:19:51,680 --> 01:19:54,040
Speaker 18: indicating that it's going to cut twenty thousand jobs to

1686
01:19:54,120 --> 01:19:57,519
Speaker 18: lower costs and response. And more broadly, it's a variety

1687
01:19:57,560 --> 01:20:00,920
Speaker 18: of companies from airlines to large car manufacturer is having

1688
01:20:00,960 --> 01:20:03,600
Speaker 18: to either slash or pull back their outlook statements for

1689
01:20:03,640 --> 01:20:07,000
Speaker 18: the year ahead. So that's globally. Locally, our companies haven't

1690
01:20:07,040 --> 01:20:11,360
Speaker 18: been immune either. Those with material US exposures have also

1691
01:20:11,439 --> 01:20:14,519
Speaker 18: reported impact. So at the very pointing end of it,

1692
01:20:15,120 --> 01:20:18,920
Speaker 18: caravan operator tourism holdings indicated in a recent update a

1693
01:20:19,080 --> 01:20:22,080
Speaker 18: sharp drop of over fifty percent and inbound bookings for

1694
01:20:22,160 --> 01:20:26,519
Speaker 18: its US business and elsewhere. Wind Exported Delegate signaled that

1695
01:20:26,600 --> 01:20:29,560
Speaker 18: there's real uncertainty and it's forward orders from the US distributors.

1696
01:20:29,600 --> 01:20:33,200
Speaker 18: So tariffs are becoming real and are beginning to impact earnings.

1697
01:20:33,520 --> 01:20:36,000
Speaker 3: And so how is this changing what companies say about

1698
01:20:36,000 --> 01:20:36,519
Speaker 3: their outlook?

1699
01:20:37,880 --> 01:20:40,240
Speaker 18: What is driving I think the large US counties to

1700
01:20:40,280 --> 01:20:42,920
Speaker 18: really slash or walk away from their guidance or the

1701
01:20:43,000 --> 01:20:45,960
Speaker 18: typical outlook statement is the real uncertainty around the situation.

1702
01:20:46,120 --> 01:20:49,439
Speaker 18: So these management teams are sitting there either seeing very

1703
01:20:49,520 --> 01:20:51,800
Speaker 18: weak demand all of a sudden turn up, or having

1704
01:20:51,840 --> 01:20:54,400
Speaker 18: to put through very material price likes to their products

1705
01:20:54,439 --> 01:20:57,439
Speaker 18: and wondering what's that going to do to consumer demands.

1706
01:20:57,479 --> 01:21:01,200
Speaker 18: So with their prior outlook comments unlike actually reflecting anything

1707
01:21:01,400 --> 01:21:03,920
Speaker 18: like what has played out in that announcement earlier this

1708
01:21:04,080 --> 01:21:08,360
Speaker 18: month on Liberation Day, it is really causing that uncertainty.

1709
01:21:08,520 --> 01:21:09,880
Speaker 12: So at the extreme end of it.

1710
01:21:10,120 --> 01:21:12,600
Speaker 18: As an example, you've got the US airline industry, and

1711
01:21:12,800 --> 01:21:15,160
Speaker 18: demand in that sector has been very quick to respond.

1712
01:21:15,280 --> 01:21:19,320
Speaker 18: So every major US airline, Delta American airlines, etc. Has

1713
01:21:19,439 --> 01:21:22,680
Speaker 18: pulled guidance and in the case of United they have

1714
01:21:22,760 --> 01:21:26,800
Speaker 18: provided a recession scenario where it's consistent with very sharp

1715
01:21:27,240 --> 01:21:31,560
Speaker 18: weakening demand for domestically to travel. So ultimately huge uncertainty.

1716
01:21:31,680 --> 01:21:33,000
Speaker 18: No one has a clear view of where we're going

1717
01:21:33,040 --> 01:21:35,720
Speaker 18: to end up, and it's delaying businesses making decisions to

1718
01:21:36,080 --> 01:21:37,800
Speaker 18: see how the situation plays out.

1719
01:21:38,080 --> 01:21:39,640
Speaker 3: Okay, so Sam put this all together, how do you

1720
01:21:39,680 --> 01:21:41,960
Speaker 3: think the market is interpreting the weekend earnings because we

1721
01:21:42,040 --> 01:21:43,840
Speaker 3: had a decent recovery in the last week or so,

1722
01:21:43,920 --> 01:21:44,240
Speaker 3: haven't we.

1723
01:21:45,240 --> 01:21:48,120
Speaker 18: That's right, Yes, certainly the market has recovered quite materially

1724
01:21:48,720 --> 01:21:51,040
Speaker 18: in the past week after that initial tariff shock at

1725
01:21:51,040 --> 01:21:52,880
Speaker 18: the extend of the tariffs earlier in the month. So

1726
01:21:53,800 --> 01:21:55,360
Speaker 18: I think it's fair to say the market is taking

1727
01:21:55,400 --> 01:21:57,800
Speaker 18: a glass offull approach to earnings at this stage, so

1728
01:21:58,560 --> 01:22:01,720
Speaker 18: reflecting essentially that trade deals will be done quickly and

1729
01:22:01,840 --> 01:22:04,040
Speaker 18: the impacts that we are seeing coming through at the moment,

1730
01:22:04,160 --> 01:22:05,920
Speaker 18: we will be pretty short term live. So if you

1731
01:22:05,960 --> 01:22:07,920
Speaker 18: look at the S and P five hundred index headline

1732
01:22:07,920 --> 01:22:10,600
Speaker 18: indicts and the US is an indication it is not

1733
01:22:10,760 --> 01:22:13,759
Speaker 18: far below the level it was prior to that Liberation

1734
01:22:13,960 --> 01:22:16,800
Speaker 18: DATAFF announcement's roughly two percent below that level. So the

1735
01:22:16,880 --> 01:22:20,920
Speaker 18: risk is really that Trump and his negotiation team cannot

1736
01:22:20,920 --> 01:22:23,479
Speaker 18: get the appropriate deals done quickly enough, and the consumers

1737
01:22:23,520 --> 01:22:26,000
Speaker 18: we'll have to will continue to pull back and hence

1738
01:22:26,040 --> 01:22:28,799
Speaker 18: the outlet for corporateands the news to weekend. So hopefully

1739
01:22:28,840 --> 01:22:30,040
Speaker 18: a solution has found soon.

1740
01:22:30,240 --> 01:22:32,640
Speaker 3: Brilliant stuff, Sam, thank you as always appreciate it, Sam

1741
01:22:32,680 --> 01:22:34,680
Speaker 3: trathre We have Milfit asset Management. We're going to deal

1742
01:22:34,720 --> 01:22:37,240
Speaker 3: with Fucker Upper next and the news is coming at us.

1743
01:22:42,200 --> 01:22:44,760
Speaker 1: If it's to do with money, it matters to you.

1744
01:22:45,320 --> 01:22:49,440
Speaker 1: The business hour with head the duplicl and theirs, insurance

1745
01:22:49,520 --> 01:22:53,400
Speaker 1: and investments, grow your wealth, protect your future news talks.

1746
01:22:53,439 --> 01:22:53,720
Speaker 2: That'd be.

1747
01:22:59,160 --> 01:23:11,479
Speaker 19: Thank you, all right.

1748
01:23:11,520 --> 01:23:13,000
Speaker 3: Gavin Gray is going to be with us out of

1749
01:23:13,040 --> 01:23:15,640
Speaker 3: the UK in ten minutes time, and one of the

1750
01:23:15,720 --> 01:23:19,639
Speaker 3: things we're going to talk to him about is Meghan Markle,

1751
01:23:20,160 --> 01:23:25,120
Speaker 3: otherwise known as HRH Duchess of Sussex. Now, whoops, we

1752
01:23:25,280 --> 01:23:26,960
Speaker 3: all thought that we weren't going to refer to her

1753
01:23:27,000 --> 01:23:30,160
Speaker 3: as the HRH Duchess of Sussex, but apparently she's referring

1754
01:23:30,160 --> 01:23:31,720
Speaker 3: to herself as that, and now the reason that we

1755
01:23:31,840 --> 01:23:34,400
Speaker 3: know this is because she sent a gift basket to

1756
01:23:34,439 --> 01:23:36,120
Speaker 3: somebody that she knows, I think was somebody she's doing

1757
01:23:36,120 --> 01:23:38,679
Speaker 3: a podcast with or whatever. And in the gift basket

1758
01:23:38,800 --> 01:23:41,440
Speaker 3: was two tubs of ice cream and some homemade strawberry

1759
01:23:41,520 --> 01:23:45,919
Speaker 3: jam and a card that said, with the compliments of HRH,

1760
01:23:46,080 --> 01:23:49,040
Speaker 3: the Duchess of Sussex. Now mate who she sent it

1761
01:23:49,080 --> 01:23:52,360
Speaker 3: to put that on social media and everybody saw it,

1762
01:23:52,400 --> 01:23:57,479
Speaker 3: and people with eagle eyed work, hang on, Meghan didn't, didn't.

1763
01:23:58,600 --> 01:24:01,880
Speaker 3: Didn't Elizabeth say you can't use the HRH anymore because

1764
01:24:01,920 --> 01:24:04,160
Speaker 3: you and Harry decided to abandon the Royals and naf

1765
01:24:04,280 --> 01:24:06,960
Speaker 3: off to California. Yeah, you're not supposed to be using it.

1766
01:24:07,080 --> 01:24:10,680
Speaker 3: But then of course the two of them, because they're unbelievable,

1767
01:24:11,400 --> 01:24:13,439
Speaker 3: said no, no, no, it's totally fine if we use it,

1768
01:24:13,520 --> 01:24:15,920
Speaker 3: because we're just not allowed to use the HRH in public,

1769
01:24:16,160 --> 01:24:18,479
Speaker 3: like commercially, we're allowed to use it privately. And this

1770
01:24:18,640 --> 01:24:23,000
Speaker 3: was privately whatever. That is absolute bs because there was

1771
01:24:23,040 --> 01:24:25,120
Speaker 3: someone else who lost the HRH as well, that was

1772
01:24:25,160 --> 01:24:28,599
Speaker 3: Prince Andrew, and Prince Andrew doesn't use it in public

1773
01:24:28,960 --> 01:24:31,639
Speaker 3: or privately or at all, and it is a rough day.

1774
01:24:31,840 --> 01:24:34,559
Speaker 3: I will tell you when Andrew is doing a better

1775
01:24:34,640 --> 01:24:37,000
Speaker 3: job of following the rules than you. So anyway, Gavin

1776
01:24:37,040 --> 01:24:38,560
Speaker 3: Gray is going to talk us through that shortly. And

1777
01:24:38,640 --> 01:24:40,000
Speaker 3: by the way, that is not the end of the

1778
01:24:40,080 --> 01:24:41,920
Speaker 3: Megan Michael news that I have for you, because she

1779
01:24:42,040 --> 01:24:44,280
Speaker 3: is incorrigible at the moment. Stand by for the next

1780
01:24:44,320 --> 01:24:47,400
Speaker 3: but twenty three away from seven. Now the future is

1781
01:24:47,400 --> 01:24:51,040
Speaker 3: secured for Fucker Puppa Skifield. Doc has granted Fucker Puppa

1782
01:24:51,080 --> 01:24:53,840
Speaker 3: Holdings a ten year concession to operate the skifield. And

1783
01:24:53,920 --> 01:24:56,519
Speaker 3: this comes after the government spent fifty million dollars to

1784
01:24:56,600 --> 01:24:59,719
Speaker 3: keep the skifield going after Rupe who Alpine Lifts went bust.

1785
01:25:00,080 --> 01:25:04,240
Speaker 3: Dave Maysie is fucking Pappa Holding's chief executive and with us. Hey, Dave, congratulations,

1786
01:25:05,479 --> 01:25:06,320
Speaker 3: Thank you very much.

1787
01:25:07,200 --> 01:25:09,759
Speaker 12: Is it an honor to follow an article on Megan?

1788
01:25:10,280 --> 01:25:10,439
Speaker 7: Oh?

1789
01:25:10,680 --> 01:25:13,400
Speaker 3: Jeez, I don't know, do you know what? Just console

1790
01:25:13,479 --> 01:25:15,519
Speaker 3: yourself with the fact that whatever you do, you're not

1791
01:25:15,600 --> 01:25:17,600
Speaker 3: going to annoy people as much as she does. So

1792
01:25:17,680 --> 01:25:20,400
Speaker 3: you're already on the winner. I want to talk to

1793
01:25:20,400 --> 01:25:23,479
Speaker 3: you about this ten year concession. Now, normally the concessions

1794
01:25:23,520 --> 01:25:25,960
Speaker 3: are a lot longer. What's happened here? Why have you

1795
01:25:26,040 --> 01:25:27,880
Speaker 3: It's like thirty to forty years in most cases, so

1796
01:25:27,920 --> 01:25:28,599
Speaker 3: why have you got ten?

1797
01:25:30,080 --> 01:25:32,760
Speaker 12: Oh, we were quite comfortable with the ten that was

1798
01:25:32,840 --> 01:25:37,439
Speaker 12: on the table and develop that of discussions with EWI

1799
01:25:37,640 --> 01:25:42,800
Speaker 12: and DOC And it's really to provide at least five

1800
01:25:42,920 --> 01:25:49,080
Speaker 12: years of ability in a less pressured environment to have

1801
01:25:49,240 --> 01:25:51,679
Speaker 12: the discussions with EWI to see what are the long

1802
01:25:51,880 --> 01:25:56,519
Speaker 12: term acceptable outcomes for that place in the context of

1803
01:25:56,520 --> 01:25:57,479
Speaker 12: Fucko Babesci area.

1804
01:25:57,760 --> 01:26:00,479
Speaker 3: And is the answer that that is all that EWE

1805
01:26:00,560 --> 01:26:01,479
Speaker 3: would have allowed you to have.

1806
01:26:02,760 --> 01:26:07,240
Speaker 12: Well, possibly, but we actually agreed with the philosophy that

1807
01:26:07,439 --> 01:26:10,080
Speaker 12: it is pointless trying to resolve a twenty or thirty

1808
01:26:10,200 --> 01:26:13,400
Speaker 12: or forty year future in the context of what has

1809
01:26:13,479 --> 01:26:17,440
Speaker 12: been going on since RAL went into liquidation and their receivership,

1810
01:26:18,640 --> 01:26:22,599
Speaker 12: and so to take the opportunity to keep it running

1811
01:26:22,680 --> 01:26:25,720
Speaker 12: and ticking and providing value on benefits for communities and

1812
01:26:26,120 --> 01:26:29,960
Speaker 12: North Islanders primarily and communities in the central North Island

1813
01:26:30,680 --> 01:26:34,559
Speaker 12: and have the opportunity with the eight various EWI entities

1814
01:26:34,640 --> 01:26:37,800
Speaker 12: that we need to engage with to do that in

1815
01:26:38,400 --> 01:26:43,200
Speaker 12: a less pressured, time pressured environment. Is the only way

1816
01:26:43,240 --> 01:26:47,080
Speaker 12: we're going to understand and develop a long term future.

1817
01:26:47,920 --> 01:26:50,200
Speaker 3: How did you feel about putting I mean you obviously

1818
01:26:50,280 --> 01:26:52,519
Speaker 3: have to put a fair amount of investment into this business,

1819
01:26:52,640 --> 01:26:55,760
Speaker 3: and knowing that you're doing that, knowing you've only got

1820
01:26:55,800 --> 01:26:58,800
Speaker 3: ten years rather than thirty or forty, comfortable with that?

1821
01:27:00,200 --> 01:27:03,519
Speaker 12: Yeah, I mean our investments in the next few years

1822
01:27:03,600 --> 01:27:07,640
Speaker 12: will be focused on changes that we can make that

1823
01:27:07,800 --> 01:27:11,640
Speaker 12: will have a relatively fast payback. So yes, snowmaking is

1824
01:27:11,680 --> 01:27:16,280
Speaker 12: the classic snowmaking and groomyo classics. And then past that,

1825
01:27:17,439 --> 01:27:20,160
Speaker 12: we're taking on thirteen and a half million dollars worth

1826
01:27:20,320 --> 01:27:24,080
Speaker 12: of debt that is due for repayment in three or

1827
01:27:24,200 --> 01:27:27,840
Speaker 12: four years time, and we need to work through that

1828
01:27:28,000 --> 01:27:32,479
Speaker 12: with those bondholders and those providers of that debt, and

1829
01:27:32,640 --> 01:27:36,280
Speaker 12: then hopefully within five to ten years we have an

1830
01:27:36,360 --> 01:27:41,559
Speaker 12: answer on what's an acceptable long term operation and development,

1831
01:27:42,200 --> 01:27:44,320
Speaker 12: and then we will apply for a longer term license.

1832
01:27:45,160 --> 01:27:48,800
Speaker 3: Yesterday the EWE told newsroom dot co dot and said

1833
01:27:48,840 --> 01:27:52,000
Speaker 3: that they want the government's retreat from the mountain. Does

1834
01:27:52,080 --> 01:27:53,000
Speaker 3: that include you too?

1835
01:27:55,439 --> 01:27:59,080
Speaker 12: I think that my reading of that newsroom article, it's

1836
01:27:59,160 --> 01:28:04,479
Speaker 12: from EWE of ninety two for it tire and it's

1837
01:28:04,600 --> 01:28:09,640
Speaker 12: more they want the government removed from the governance of

1838
01:28:09,760 --> 01:28:17,120
Speaker 12: themonger and it steered because they believe that the original Tuku,

1839
01:28:18,320 --> 01:28:22,640
Speaker 12: which put place the peaks of the three mountains in

1840
01:28:22,760 --> 01:28:27,439
Speaker 12: a co governance relationship rather than a gift, the Crown

1841
01:28:27,520 --> 01:28:30,040
Speaker 12: has an honored their side of that co governance. And

1842
01:28:33,520 --> 01:28:36,519
Speaker 12: it's complex, and you and I aren't going to solve

1843
01:28:36,600 --> 01:28:37,640
Speaker 12: complex issues like that.

1844
01:28:38,080 --> 01:28:39,880
Speaker 3: You worry about climate change and the fact that you're

1845
01:28:39,920 --> 01:28:41,240
Speaker 3: going to have less and less snow up there.

1846
01:28:43,320 --> 01:28:45,080
Speaker 12: That's part of what we need to start doing over

1847
01:28:45,120 --> 01:28:47,479
Speaker 12: the next five to ten years is transition the business

1848
01:28:48,560 --> 01:28:53,240
Speaker 12: and that the entity into something that can be sustainable

1849
01:28:53,920 --> 01:28:57,439
Speaker 12: throughout the variability of weather that we're going to have

1850
01:28:58,479 --> 01:29:01,880
Speaker 12: in our lifetime. And we're like, you know, if you're

1851
01:29:01,960 --> 01:29:05,599
Speaker 12: farming in the far North and then fifty years time

1852
01:29:05,680 --> 01:29:08,360
Speaker 12: it's going to be two degrees warmer, you'll start to

1853
01:29:08,400 --> 01:29:11,360
Speaker 12: think about what crops would I be planting in fifty

1854
01:29:11,439 --> 01:29:13,920
Speaker 12: years time, but you won't necessarily move to them tomorrow

1855
01:29:14,880 --> 01:29:17,479
Speaker 12: and will be in that game. And yes, definitely there'll

1856
01:29:17,520 --> 01:29:20,559
Speaker 12: be shorter seasons, will be less snow, and will use

1857
01:29:20,600 --> 01:29:24,560
Speaker 12: snowmaking opportunities and snow management opportunities to mitigate some of that.

1858
01:29:25,439 --> 01:29:29,040
Speaker 12: The Skywalker is a classic investment that was targeted at

1859
01:29:29,120 --> 01:29:34,920
Speaker 12: providing a stronger year round business or commercial activity. And

1860
01:29:35,160 --> 01:29:38,280
Speaker 12: so there's a transition process that's to go there. But

1861
01:29:39,640 --> 01:29:44,639
Speaker 12: we know what the current scientific evidence is sane about

1862
01:29:44,640 --> 01:29:46,360
Speaker 12: what the climate would look like in New Zealand and

1863
01:29:46,439 --> 01:29:50,280
Speaker 12: fifty years time. But it'll be a slow process and

1864
01:29:50,360 --> 01:29:52,719
Speaker 12: we will transition to match that. I've got no doubts

1865
01:29:52,720 --> 01:29:53,040
Speaker 12: about that.

1866
01:29:53,080 --> 01:29:54,639
Speaker 3: Well, Dave, beast of luck with it, and I hope

1867
01:29:54,680 --> 01:29:56,840
Speaker 3: you have a wonderful time running this business. Dave Maysie,

1868
01:29:56,840 --> 01:30:00,519
Speaker 3: the chief executive of Fucker Pupper Holdings Hea for see

1869
01:30:00,520 --> 01:30:03,839
Speaker 3: Allen so Aspat has broken out between Trump and Amazon

1870
01:30:04,360 --> 01:30:08,040
Speaker 3: over the tariffs right, and it was reported that Amazon

1871
01:30:08,600 --> 01:30:10,960
Speaker 3: was looking at telling it's US based customers how much

1872
01:30:11,000 --> 01:30:13,240
Speaker 3: they were paying in tariffs for stuff that they were buying.

1873
01:30:13,240 --> 01:30:14,840
Speaker 3: They've got they've got a little I think it's called

1874
01:30:14,840 --> 01:30:16,639
Speaker 3: Amazon Hall or something like that. It's like a low

1875
01:30:16,840 --> 01:30:19,280
Speaker 3: low cost version of Amazon. And it's supposed to go

1876
01:30:19,360 --> 01:30:21,960
Speaker 3: up against Timu and Shine Sheen Shane. Nobody knows how

1877
01:30:22,000 --> 01:30:24,560
Speaker 3: to pronounce it anyway. It was supposed to be like

1878
01:30:24,600 --> 01:30:27,599
Speaker 3: the American version of that, and on that they were

1879
01:30:27,640 --> 01:30:29,920
Speaker 3: going to present. The word was they were going to

1880
01:30:29,960 --> 01:30:31,680
Speaker 3: give you a little breakdown of this is how much

1881
01:30:31,720 --> 01:30:33,479
Speaker 3: your items costing you, and this is how much you're

1882
01:30:33,479 --> 01:30:36,080
Speaker 3: paying in tariffs. Anyway, the wind the White House got

1883
01:30:36,120 --> 01:30:38,479
Speaker 3: wind of this, and they got very upset, very prickly

1884
01:30:38,520 --> 01:30:40,360
Speaker 3: about it, because they get prickly about a lot of things.

1885
01:30:40,400 --> 01:30:42,240
Speaker 3: And they went out public. They sent old mate out,

1886
01:30:42,280 --> 01:30:45,360
Speaker 3: you know, the hot looking bird who does Trump's comms.

1887
01:30:45,400 --> 01:30:48,040
Speaker 3: They sent her out and she said as hasta. And

1888
01:30:48,280 --> 01:30:51,599
Speaker 3: so then Amazon went on the defensive and said, oh, who, well,

1889
01:30:51,600 --> 01:30:53,320
Speaker 3: we'll hold on. We were thinking about doing it, but

1890
01:30:53,400 --> 01:30:55,040
Speaker 3: we didn't actually end up doing it, and we're not

1891
01:30:55,200 --> 01:30:57,040
Speaker 3: going to do it. And then Donald Trump got on

1892
01:30:57,080 --> 01:30:59,000
Speaker 3: the blow at Jeff Bezos. And these guys have sort

1893
01:30:59,000 --> 01:31:02,400
Speaker 3: of like a frenemy relationship. And Jeff Bezos obviously found

1894
01:31:02,400 --> 01:31:05,680
Speaker 3: at Amazons who's very influential in this particular scenario. So

1895
01:31:05,760 --> 01:31:07,680
Speaker 3: Trump calls him up and gets him to call it off.

1896
01:31:08,280 --> 01:31:11,200
Speaker 3: And this is quite an intense response from the White House.

1897
01:31:11,240 --> 01:31:14,760
Speaker 3: But why I'm telling you this is that this intensity

1898
01:31:14,840 --> 01:31:17,519
Speaker 3: in the response from the White House is probably illustrative, right,

1899
01:31:18,000 --> 01:31:21,000
Speaker 3: And what we are seeing it as is proof that

1900
01:31:21,120 --> 01:31:23,960
Speaker 3: the White House and Donald Trump are under intense political

1901
01:31:24,000 --> 01:31:27,200
Speaker 3: pressure over the tariffs, and they are not enjoying the

1902
01:31:27,240 --> 01:31:30,920
Speaker 3: way that everybody is responding to it. So they will

1903
01:31:30,960 --> 01:31:34,280
Speaker 3: blink a little bit more, hopefully. Sixteen away from seven, croasing.

1904
01:31:33,960 --> 01:31:36,920
Speaker 1: The numbers and getting the results. It's Heather due to

1905
01:31:37,040 --> 01:31:41,640
Speaker 1: clan with the business hour and mass insurance and investments,

1906
01:31:42,000 --> 01:31:43,799
Speaker 1: grow your wealth, protect your future.

1907
01:31:44,080 --> 01:31:47,280
Speaker 3: These talks that'd be be very clear here the local

1908
01:31:47,360 --> 01:31:49,479
Speaker 3: E we want control of the total mountain. Dave is

1909
01:31:49,520 --> 01:31:52,439
Speaker 3: fudging it. Look, this is not a secret. Local EWE

1910
01:31:52,560 --> 01:31:54,639
Speaker 3: are very upfront about the fact that they want control

1911
01:31:54,680 --> 01:31:57,479
Speaker 3: of the total mountain and Dave has to fudge it.

1912
01:31:57,720 --> 01:31:59,880
Speaker 3: I suppose your words, not mine, because Dave has to

1913
01:32:00,040 --> 01:32:03,240
Speaker 3: maintainant a relationship so he can't be too critical, which

1914
01:32:03,280 --> 01:32:06,200
Speaker 3: will be what you just heard there. Thirteen away from seven.

1915
01:32:06,240 --> 01:32:10,400
Speaker 3: Gavin Gray is a UK correspondent. Hey Gevin, good afternoon.

1916
01:32:10,520 --> 01:32:10,920
Speaker 12: They're Heather.

1917
01:32:11,120 --> 01:32:13,120
Speaker 3: Well, okay, so we've got this. We've got the old

1918
01:32:13,240 --> 01:32:15,439
Speaker 3: case of these guys who chop down the sycamore tree

1919
01:32:15,439 --> 01:32:17,320
Speaker 3: at Hadrian's Wall. Has the trial just started?

1920
01:32:17,400 --> 01:32:17,640
Speaker 12: Has it?

1921
01:32:18,520 --> 01:32:18,720
Speaker 20: Yes?

1922
01:32:18,880 --> 01:32:20,760
Speaker 22: It has It's likely to go on for a week,

1923
01:32:20,880 --> 01:32:25,200
Speaker 22: but the opening submissions have been absolutely fascinating because it

1924
01:32:25,439 --> 01:32:29,080
Speaker 22: is being said by the prosecution that the pair kept

1925
01:32:29,160 --> 01:32:32,320
Speaker 22: a wedge of the tree as a trophy for felling it.

1926
01:32:32,760 --> 01:32:36,040
Speaker 22: That they were described to be on a moronic mission

1927
01:32:36,479 --> 01:32:40,400
Speaker 22: to take this tree down. For those that can't remember,

1928
01:32:40,560 --> 01:32:45,559
Speaker 22: the Sycamore Gap is a famous piece of north East England.

1929
01:32:46,120 --> 01:32:49,280
Speaker 22: It's a heritage site. Hadrian's Wall runs through it, built

1930
01:32:49,320 --> 01:32:52,400
Speaker 22: by the Romans, and a tree while standing there for

1931
01:32:52,560 --> 01:32:55,120
Speaker 22: more than one hundred and fifty years, pictured between these

1932
01:32:55,640 --> 01:32:58,759
Speaker 22: inner dip between these two hills. It's featured in lots

1933
01:32:58,760 --> 01:33:02,200
Speaker 22: of Hollywood films and and really is a very very

1934
01:33:02,280 --> 01:33:05,800
Speaker 22: famous site. And then one night somebody chopped it down.

1935
01:33:06,000 --> 01:33:08,280
Speaker 22: And now two people are thirty nine and a thirty

1936
01:33:08,320 --> 01:33:11,240
Speaker 22: two year old from Cumbria who traveled a roughly forty

1937
01:33:11,360 --> 01:33:13,559
Speaker 22: or so minutes it's been alleged in a range rover

1938
01:33:13,760 --> 01:33:17,880
Speaker 22: to chop it down, have effectively just decided that they

1939
01:33:18,360 --> 01:33:20,880
Speaker 22: are now going to be on trial for this. The

1940
01:33:21,400 --> 01:33:24,680
Speaker 22: tree was planted in the late eighteen hundreds. The prosecutors

1941
01:33:24,680 --> 01:33:28,400
Speaker 22: are absolutely convinced that they have their people. There was

1942
01:33:28,479 --> 01:33:32,560
Speaker 22: even a forty second grainy video on one of the

1943
01:33:32,640 --> 01:33:36,240
Speaker 22: mobile phones. It's alleged off the pair that they can

1944
01:33:36,320 --> 01:33:39,640
Speaker 22: be seen cutting this down. So the criminal act, as

1945
01:33:39,680 --> 01:33:43,479
Speaker 22: it's been, you know, alluded to in court, was a

1946
01:33:43,600 --> 01:33:47,360
Speaker 22: moronic mission that the pair were reveling in, delighted that

1947
01:33:47,520 --> 01:33:50,719
Speaker 22: it made international headlines. As I said, the trial continues

1948
01:33:50,760 --> 01:33:52,080
Speaker 22: and they deny their involvement.

1949
01:33:52,320 --> 01:33:54,519
Speaker 3: Devin, is there a mode of here? There has been

1950
01:33:54,560 --> 01:33:55,479
Speaker 3: just like why did.

1951
01:33:55,400 --> 01:33:55,840
Speaker 19: They do it?

1952
01:33:58,479 --> 01:34:01,439
Speaker 22: I think a little bit of notar they founded? I

1953
01:34:01,520 --> 01:34:05,600
Speaker 22: dare say, funny, those are the allegations that the prosecutors

1954
01:34:05,640 --> 01:34:06,200
Speaker 22: are putting through.

1955
01:34:06,280 --> 01:34:10,400
Speaker 3: Oh such lolls. Hey, now, Meghan Michael, was she allowed

1956
01:34:10,400 --> 01:34:11,960
Speaker 3: to use the HRH.

1957
01:34:11,720 --> 01:34:11,920
Speaker 7: Or not.

1958
01:34:14,120 --> 01:34:16,759
Speaker 22: Well, no, as part of an agreement with the Queen

1959
01:34:17,280 --> 01:34:20,080
Speaker 22: not in public. Now there's been the spit of a

1960
01:34:20,160 --> 01:34:24,320
Speaker 22: spat now because on a video accompanying a podcast from

1961
01:34:24,520 --> 01:34:32,200
Speaker 22: a UK cosmetics entrepreneur, Meghan has sent this entrepreneur some

1962
01:34:33,160 --> 01:34:36,479
Speaker 22: jam and goodies from her collection and it is attached

1963
01:34:36,560 --> 01:34:40,479
Speaker 22: with a card that is signed from her Royal Highness

1964
01:34:40,600 --> 01:34:44,040
Speaker 22: or HRH as that's known with the compliments of HRH,

1965
01:34:44,160 --> 01:34:47,719
Speaker 22: the Duchess of Sussex. The card says to this entrepreneur

1966
01:34:47,840 --> 01:34:51,240
Speaker 22: Jamie Kern Lima. So all of a sudden, people are like, ah,

1967
01:34:51,439 --> 01:34:53,519
Speaker 22: hang on a minute, because that was an agreement with

1968
01:34:53,720 --> 01:34:56,679
Speaker 22: the late Queen to say you can keep the title,

1969
01:34:56,760 --> 01:35:00,040
Speaker 22: but you really mustn't use it. And what Meghan and

1970
01:35:00,200 --> 01:35:03,640
Speaker 22: her sources are saying anyway is effectively I know I

1971
01:35:03,680 --> 01:35:06,160
Speaker 22: didn't use it in public. This was a private gift

1972
01:35:06,200 --> 01:35:09,360
Speaker 22: to a private friend. I must say. There's some dispute

1973
01:35:09,360 --> 01:35:13,800
Speaker 22: about exactly how friendly they are, and that therefore it's

1974
01:35:13,920 --> 01:35:16,639
Speaker 22: not breaking the tradition. However, of course, when the pair

1975
01:35:16,760 --> 01:35:19,639
Speaker 22: left the UK and they stopped being working roles back

1976
01:35:19,680 --> 01:35:22,840
Speaker 22: in twenty twenty, this was one of the conditions, and

1977
01:35:23,240 --> 01:35:26,400
Speaker 22: so plenty of people here absolutely furious and suggesting that

1978
01:35:26,479 --> 01:35:29,120
Speaker 22: the King go the full tilt now and remove the

1979
01:35:29,320 --> 01:35:30,639
Speaker 22: hr AH titles as well.

1980
01:35:31,479 --> 01:35:34,240
Speaker 3: Interesting. Gevin, thanks very much, do appreciate it. We'll talk

1981
01:35:34,280 --> 01:35:35,439
Speaker 3: to you in a couple of days. Kevin Gray Are

1982
01:35:35,479 --> 01:35:37,400
Speaker 3: UK corresponds to here's another one that I told you.

1983
01:35:37,479 --> 01:35:40,960
Speaker 3: There's a sicker one from Meghan. So this podcast, right,

1984
01:35:41,000 --> 01:35:43,599
Speaker 3: so all my who she sent the gift basket too.

1985
01:35:43,720 --> 01:35:45,559
Speaker 3: She was on the podcast and they were on each

1986
01:35:45,560 --> 01:35:49,800
Speaker 3: other's podcast, and blah blah, blahevshmoshmoe. So the one the

1987
01:35:49,960 --> 01:35:52,200
Speaker 3: other one and so meke an end the other one

1988
01:35:52,400 --> 01:35:55,200
Speaker 3: and the other one. If yi is a makeup entrepreneur

1989
01:35:55,240 --> 01:35:57,160
Speaker 3: who's done very well for herself because she sold her

1990
01:35:57,200 --> 01:35:59,880
Speaker 3: business to Lori Al for some ridiculous amount of money

1991
01:35:59,920 --> 01:36:04,760
Speaker 3: and she is just like loaded anyway, Megan says to her,

1992
01:36:05,120 --> 01:36:08,960
Speaker 3: and I quote, I feel like we haven't talked about

1993
01:36:09,000 --> 01:36:11,919
Speaker 3: our blood type, but yours is probably an A positive

1994
01:36:12,120 --> 01:36:16,400
Speaker 3: like mine. Because I was like, even my blood is overachieving?

1995
01:36:20,760 --> 01:36:24,479
Speaker 3: Does this? Does that sit? Does that sit as badly

1996
01:36:24,560 --> 01:36:26,320
Speaker 3: with you as it does with me? Even my blood

1997
01:36:26,400 --> 01:36:29,880
Speaker 3: is overachieving? Like She's like, I'm such an overachiever. I've

1998
01:36:29,880 --> 01:36:33,240
Speaker 3: got a plus blood test to get it. What a knob?

1999
01:36:33,640 --> 01:36:34,960
Speaker 3: Eight away from seven.

2000
01:36:36,400 --> 01:36:39,640
Speaker 1: It's the heather Toople See Allan Drive Full Show podcast

2001
01:36:39,800 --> 01:36:42,519
Speaker 1: on iHeartRadio powered by Newstalk ZB.

2002
01:36:44,960 --> 01:36:47,200
Speaker 3: Six away from seven. By the way, I can't let

2003
01:36:47,240 --> 01:36:49,240
Speaker 3: the day go by without telling you this. Now, these

2004
01:36:49,320 --> 01:36:51,839
Speaker 3: lists come out semi regularly and they're kind of annoying.

2005
01:36:51,880 --> 01:36:54,920
Speaker 3: But but but we're gonna I still think that this

2006
01:36:55,040 --> 01:36:58,040
Speaker 3: one is got There's something worth saying about this one.

2007
01:36:58,080 --> 01:37:01,320
Speaker 3: It's a Cathedral Cove and Corrimandel has come in on

2008
01:37:01,400 --> 01:37:03,160
Speaker 3: the list of the top fifty beaches in the world.

2009
01:37:03,160 --> 01:37:06,840
Speaker 3: It's coming at number forty five. And I can't speak

2010
01:37:06,880 --> 01:37:09,439
Speaker 3: to whether this list is influential or whatever, but it's

2011
01:37:09,479 --> 01:37:12,839
Speaker 3: voted on by travel industry professionals and influences and journalists

2012
01:37:12,920 --> 01:37:15,040
Speaker 3: and stuff. And the reason I'm telling you this is

2013
01:37:15,120 --> 01:37:19,639
Speaker 3: because so many times Piha comes in as our best beach,

2014
01:37:20,200 --> 01:37:23,599
Speaker 3: and I take issue with that because Pihar is only

2015
01:37:23,680 --> 01:37:26,040
Speaker 3: the best beach for killing people. It's not actually a

2016
01:37:26,080 --> 01:37:28,960
Speaker 3: good beach. It's a very dangerous beach. So any other

2017
01:37:29,000 --> 01:37:31,040
Speaker 3: beach in this country that comes in on a list

2018
01:37:31,240 --> 01:37:33,400
Speaker 3: as the best beach in the country, I'm on board with.

2019
01:37:33,520 --> 01:37:35,679
Speaker 3: And so I'm on board with this. So Cathedral Covi

2020
01:37:35,760 --> 01:37:39,480
Speaker 3: is forty five. Number one is some beach Carla Goloreze

2021
01:37:39,840 --> 01:37:43,320
Speaker 3: in Sardinia in Italy, only accessible by boat or foot.

2022
01:37:44,160 --> 01:37:47,840
Speaker 3: Number two is the Philippines Intalula Beach. Number three is

2023
01:37:47,960 --> 01:37:51,559
Speaker 3: bang Bao Beach in Thailand. Australia's got three in there

2024
01:37:52,320 --> 01:37:55,200
Speaker 3: at number eleven, Turquoise Bay at number twenty one, Warton

2025
01:37:55,280 --> 01:37:58,559
Speaker 3: Beach at number thirty seven, the well named Nudi beach.

2026
01:37:58,920 --> 01:38:01,280
Speaker 3: I love the Australians like, what do you do at

2027
01:38:01,320 --> 01:38:03,679
Speaker 3: that beach? You get nerdy? Let's call it nerdy beach.

2028
01:38:03,840 --> 01:38:06,280
Speaker 3: So that's that one. And even the Cook's got a

2029
01:38:06,320 --> 01:38:09,960
Speaker 3: beach in there one foot Island number seventeen. But we're

2030
01:38:09,960 --> 01:38:12,160
Speaker 3: there too with Cathedral Cove and thank god it's not

2031
01:38:12,240 --> 01:38:14,400
Speaker 3: p how right and I can hear it already?

2032
01:38:14,720 --> 01:38:15,200
Speaker 7: Hit me with it.

2033
01:38:15,640 --> 01:38:18,920
Speaker 23: Africa its cover well, originally performed by Turto, but this

2034
01:38:19,080 --> 01:38:21,080
Speaker 23: is Weezer's cover of it that they released a few

2035
01:38:21,120 --> 01:38:22,439
Speaker 23: years ago. Do you want to tell the story about

2036
01:38:22,439 --> 01:38:23,240
Speaker 23: why I was playing this other?

2037
01:38:23,680 --> 01:38:26,800
Speaker 3: So this is why the young people like Africa at

2038
01:38:26,840 --> 01:38:30,320
Speaker 3: the moment, because Weezer was amongst a lot of things

2039
01:38:30,360 --> 01:38:32,679
Speaker 3: that happened at the same time to kind of propel

2040
01:38:32,760 --> 01:38:37,240
Speaker 3: Africa into people's consciousness again. But here's the thing. Weezer

2041
01:38:37,880 --> 01:38:40,960
Speaker 3: are so embarrassed at doing the song they did. They

2042
01:38:41,040 --> 01:38:42,280
Speaker 3: just did it for a bit of a hoon, and

2043
01:38:42,479 --> 01:38:45,040
Speaker 3: then it became it actually went into the charts. So

2044
01:38:45,200 --> 01:38:47,160
Speaker 3: now they are obliged to play it at their concert

2045
01:38:47,240 --> 01:38:47,800
Speaker 3: and they hate it.

2046
01:38:48,120 --> 01:38:49,920
Speaker 23: Yeah, it was a fourteen year old girl, I think

2047
01:38:49,920 --> 01:38:51,680
Speaker 23: who just ran a Twitter account. Of course, that's right,

2048
01:38:51,960 --> 01:38:53,680
Speaker 23: Weezer Africa or something. She was like, no, she was

2049
01:38:53,720 --> 01:38:55,439
Speaker 23: just trying trying to get Weaza to play Africa and

2050
01:38:55,439 --> 01:38:58,040
Speaker 23: they behaved and it just got out of control, beyond

2051
01:38:58,040 --> 01:38:59,120
Speaker 23: anyone's the power to stop it.

2052
01:38:59,160 --> 01:39:00,720
Speaker 3: Okay, let's have a listen. Se if it's any good,

2053
01:39:00,880 --> 01:39:03,040
Speaker 3: I'm gonna say here makes a commentary.

2054
01:39:07,760 --> 01:39:21,120
Speaker 20: Original for me.

2055
01:39:21,240 --> 01:39:25,240
Speaker 7: I wait, wait nightly about yourself.

2056
01:39:26,400 --> 01:39:27,280
Speaker 3: You ways see you tomorrow.

2057
01:40:17,920 --> 01:40:21,080
Speaker 1: For more from Hither Duplessy, Allen Drive listen live to

2058
01:40:21,200 --> 01:40:24,200
Speaker 1: news talks it'd be from four pm weekdays, or follow

2059
01:40:24,280 --> 01:40:26,000
Speaker 1: the podcast on iHeartRadio