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

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Speaker 1: duper Clan drive with One New Zealand to coverage like

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Speaker 1: no one else news talks.

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Speaker 2: They afternoon, Welcome to the show. Coming out today. Building

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Speaker 2: in Construction Minister Chris pank on him forcing homeowners to

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Speaker 2: take out of building warranty. We're going to get your

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Speaker 2: details on whether the new proposed KEYPI Saber change is

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Speaker 2: from the National Party, won't just be coming out of

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Speaker 2: your pay packet, which of course it will. And also

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Speaker 2: Nichola Willi's Finance minister after.

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Speaker 3: Six, Heather Dupercy out.

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Speaker 2: Okay, you tell me if you think I'm wrong, but

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Speaker 2: I reckon there's a market for imperfect food that is

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Speaker 2: not being fully catered for. There's a report out today

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Speaker 2: by the Otago University and the Ministry for the Environment

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Speaker 2: and it lays bare just how much food we actually

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Speaker 2: throw away and it ends up being for every single

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Speaker 2: person every single year, about two hundred and fifty kilograms

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Speaker 2: worth of food. Like that's a lot of food to

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Speaker 2: be thrown away. But the thing about it is, for

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Speaker 2: once at least it's not you and I who are

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Speaker 2: largely to blame here. It's everybody before the food gets

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Speaker 2: to it. It's the farmers, the growers, the process is

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Speaker 2: the wholesale of the fruit and veggie shops, the supermarkets,

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Speaker 2: all the retailers. They are doing two thirds of the wasting.

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Speaker 2: Most of the food that they throw away is edible,

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Speaker 2: seventy eight to eighty five percent of it can still

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Speaker 2: be eaten. Now, the report doesn't say why the food

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Speaker 2: is being wasted, but we can guess why it's being wasted.

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Speaker 2: I mean, the grower has maybe grown too many lettuces,

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Speaker 2: more than the supermarket once, just leaves them lying on

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Speaker 2: the field. The apples come off the tree of funny shape.

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Speaker 2: A consumer is not going to want that gets thrown away.

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Speaker 2: The flower has hit the best before date. No one's

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Speaker 2: going to bake an entire thousand cakes with it, so

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Speaker 2: they just get rid of it. Nothing actually wrong with

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Speaker 2: the food. Now, this is where I wonder if all

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Speaker 2: of these guys have missed a trick, Because I don't

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Speaker 2: mind a funny shaped apple as long as it tastes good,

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Speaker 2: and if it's going to cost me twenty percent less

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Speaker 2: than a perfectly shaped apple, I'm gonna buy it. I

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Speaker 2: already buy the stuff from Woolworths in the odd bunch bags.

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Speaker 2: You know that's supposed to be cheaper because it's not

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Speaker 2: as perfect. I constantly ignore the best before dates because

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Speaker 2: I think they're far too conservative. Now I realize that

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Speaker 2: for some food processes, selling it a discount just makes

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Speaker 2: the exercise unjustifiable, because the cost of labor for sorting

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Speaker 2: out the duds and then transporting them, which has a

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Speaker 2: cost only to offer a discount might make the whole

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Speaker 2: exercise for them economically unviable. But if it isn't, if

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Speaker 2: they can still make a dollar while selling the product

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Speaker 2: for cheaper. I reckon that in a cost of living

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Speaker 2: crisis where groceries are just so unbelievably pricey at the moment,

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Speaker 2: if we ever had the chance to snap ourselves out

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Speaker 2: of the subsession with eating perfect apples. Now's the time

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Speaker 2: sample of one here, But I reckon there's a market

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Speaker 2: for the edible off casts at a cheaper price.

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Speaker 3: Heather due for celan.

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Speaker 2: Let me know what you think. Nine two ninety two

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Speaker 2: is the text number, and then we're going to talk

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Speaker 2: to one of the people behind this reporter, Professor of

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Speaker 2: nutrition at Otago University. After half past five, now Air

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Speaker 2: New Zealand A the problems get worse. They're under pressure

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Speaker 2: now to save Christmas for thousands of travelers because the

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Speaker 2: cabin crew union has told the airline its workers are

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Speaker 2: going to go on strike on December the eighth. In

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Speaker 2: New Zealand are saying if the strike does go ahead,

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Speaker 2: it could unpack fifteen thousand travelers over the weekend. The

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Speaker 2: airline also faced criticism from two prominent business commentator Sam

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Speaker 2: Stubbs in one newspaper and Bruce Cottrell in another newspaper

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Speaker 2: for a sliding performance and the price of flying. And

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Speaker 2: Bruce Cottrell is with us. Now, Hi, Bruce, good aheader,

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Speaker 2: what about that strike? Did you think Jesus can't get

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Speaker 2: any worse?

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Speaker 4: Well, it could always get worse, I suppose. But it's

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Speaker 4: just about setting our expectations, isn't it.

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Speaker 2: Yeah? Well yeah, but setting our is the expectation, not

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Speaker 2: set by the price though, Bruce, And the price is

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Speaker 2: so high exactly?

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Speaker 4: Well, And that's what I tried to say in the

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Speaker 4: column here, that this is it's not a cheap service,

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Speaker 4: is it's And you expect performance when you're paying a

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Speaker 4: thousand bucks to fly return to Wellington? Yeah, and you

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Speaker 4: do expect a level of performance and that level of

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Speaker 4: performance isn't there at the moment. So it's frustrating. It's

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Speaker 4: frustrating for travelers. I'm sure it's frustrating for a New

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Speaker 4: Zealand as well.

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Speaker 2: I wonder, I mean, what set you off, what got

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Speaker 2: you to finally write this column. Was the new CEO

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Speaker 2: basically saying everything was fine at the airline. I just

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Speaker 2: wanted because I'd also pick that up. And I just

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Speaker 2: wonder if they do not realize how how opinion is

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Speaker 2: turning against them, what do you think?

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Speaker 5: I think? I think a couple of things.

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Speaker 4: One was one was that comment, and you're quite right

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Speaker 4: when he said that the airline was in fantastic shape

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Speaker 4: when he was on with Mike one morning. The other

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Speaker 4: the other comment that really grated me was after arriving

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Speaker 4: in Wellington an hour and twenty five minutes late and

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Speaker 4: missing a meeting, for the pilot to come on the

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Speaker 4: speaker and apologize for being quote a bit late. You know,

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Speaker 4: I just and that's that's what I mean about expectations.

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Speaker 4: If the if the team are in New Zealand are

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Speaker 4: lowering their expectations and an hour and twenty five is

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Speaker 4: just a bit late, then those expectations will never recover.

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Speaker 4: And you know yourself, right, if you don't aspire to

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Speaker 4: be better, you'll never be better. And that's and and

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Speaker 4: we just need we just need a bit of as

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Speaker 4: a country at the time. It's not just in New Zealand.

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Speaker 4: I think the whole country needs it.

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Speaker 2: Yeah, And I think you're right. Do you think that

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Speaker 2: we're just kind of becoming a bit mediocre in our brains?

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Speaker 4: Well, I don't know if we're becoming mediocre, but I

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Speaker 4: do think if you know we're sitting around but still

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Speaker 4: blaming COVID, then there's something wrong with us. You know,

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Speaker 4: we are a country that have become what we what

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Speaker 4: we are, or what we at least were until recently,

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Speaker 4: by boxing above our weight. And I think we're starting

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Speaker 4: to see a lot of evidence of not wanting to

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Speaker 4: do that anymore for whatever reason. And you know, I

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Speaker 4: put off writing that column for two years because I

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Speaker 4: don't want to knock in New Zealand.

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Speaker 5: But see it's getting hard to remain silent.

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Speaker 4: And the feedback that we've had over the weekend as

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Speaker 4: a result of the column would indicate that I'm not

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Speaker 4: the only one that's feeling like that.

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Speaker 2: Now you're not. You're not the only one at all.

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Speaker 2: And I'm going to talk about this later on actually,

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Speaker 2: because I think you're onto something there. How long before

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Speaker 2: you start flying Jetstar.

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Speaker 4: Well, I don't, as I say in the column, I

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Speaker 4: don't want to be that guy. I want I want

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Speaker 4: in New Zealand to be outrageously successful, and I don't

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Speaker 4: want to be the person that takes the cheaper option

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Speaker 4: or flies with flies with the enemy. I'd rather do

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Speaker 4: everything I can to support New Zealand or endz Inc

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Speaker 4: or whatever you want to call it.

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Speaker 5: But we do have to lift our sites. We have

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Speaker 5: to lift our own expectations of ourselves and of the

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Speaker 5: businesses that are there to service. Otherwise we will We'll

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Speaker 5: end up going to do something else.

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Speaker 2: And Air New Zealand is losing the loyal customers. So

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Speaker 2: what is your one tip to Air New Zealand if

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Speaker 2: you could give them one.

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Speaker 5: If I could get them give them one tip, I

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Speaker 5: would say, recover the aspiration to be the best airline

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Speaker 5: in the world and give you people at the front

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Speaker 5: line who are interacting with your customers, the permission to

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Speaker 5: solve the customers problem.

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Speaker 2: Yeah, Bruce, Thank you very much. It's so good to

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Speaker 2: talk to you. Appreciate it. Bruce Cuttural professional director, business

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Speaker 2: leader and advis and of course our Herald columnist, which

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Speaker 2: is where he wrote it in the Herald. You know,

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Speaker 2: honestly that column I got. I got sent to that

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Speaker 2: column randomly by one of my friends, and then I

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Speaker 2: had to talk to the boss over the weekend who

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Speaker 2: just brought it up. He's like, oh, did you see

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Speaker 2: what Bruce said. Everybody's talking about the column. If you

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Speaker 2: haven't read the column, go and read the column. We're

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Speaker 2: going to talk about it because I have more to

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Speaker 2: sound it, but I don't have time right now. I'm

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Speaker 2: going to talk about it with you later on. Heather,

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Speaker 2: we get the Wonky Box. I love it. I get

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Speaker 2: I know the Wonky Box actually is a thing, isn't it.

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Speaker 2: I need to get into the Wonky Box. I do

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Speaker 2: the odd Can I make this observation about the odd bunch.

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Speaker 2: This is the if you don't shop at Woolworth's, the

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Speaker 2: odd bunches where they get like all the kind of

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Speaker 2: like funny food and get you can buy your odd

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Speaker 2: bunch of apples and you odd bunch of pears, and

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Speaker 2: you odd bunch mandarins. And I don't actually buy mandarins

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Speaker 2: unless they're the odd bunch mandarins. But I'd be beggar

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Speaker 2: if I can tell you what's odd about it. When

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Speaker 2: it arrives, they look perfectly good to me. I'm like,

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Speaker 2: you call this odd? What's odd about? I think maybe

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Speaker 2: they're a little bit smaller. I don't really know what

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Speaker 2: it is. It doesn't it doesn't seem odd to me.

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Speaker 2: And if that's out, like, if the stuff I'm getting

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Speaker 2: is like perfectly good, then I think we're unrealist. I

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Speaker 2: think we're completely unrealistic with what we think needs to

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Speaker 2: be on the shelves and the supermarkets. Anyway, listen, the

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Speaker 2: Ukraine proposed the proposed Ukraine peace Plan. It sounds like

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Speaker 2: it's making some headway, so you'll be aware. Of course,

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Speaker 2: the Trump laid out some completely unacceptable terms for Ukraine.

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Speaker 2: Looks like it was just copypasted from what Russia wanted.

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Speaker 2: They and then there was the deadline of it all

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Speaker 2: needs to be done by Thursday. The US and the

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Speaker 2: Ukraine negotiators are in Geneva and they reckon they've made

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Speaker 2: some tweaks, so they're getting somewhere with it. Thursday is

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Speaker 2: no longer the deadline that Trump is said. Looks more

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Speaker 2: like the talks are going to carry on into the week,

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Speaker 2: and of course you know it, Thursday will come and go,

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Speaker 2: Thanksgiving in the States will come and go, and lust

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Speaker 2: we'll be talking about it. But at least it looks

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Speaker 2: like they're headed somewhere. Sixteen past four.

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Speaker 3: It's the Heather Topers see Alan Drive Full Show.

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Speaker 1: Podcast on iHeartRadio powered by News Talk ZEBI.

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Speaker 2: Hither our Sun heads up the food Rescue here in

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Speaker 2: christ They're doing exactly what you're advocating, and then they're

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Speaker 2: distributing it to needy organizations. Bruce, That's cool, but what

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Speaker 2: I'm saying to you is not only people in need,

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Speaker 2: but like people who earn money. I would I would

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Speaker 2: rather pay twenty percent list and get something as slightly misshapen,

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Speaker 2: wouldn't you? I think you can sell this stuff. Nineteen

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Speaker 2: past four.

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Speaker 1: Good Sport with tab Multi, Fast, Easy and more codes Sorry,

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Speaker 1: eighteen bit Responsibly.

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Speaker 2: Jason Pine Sports Talk Cooasters with Me, Hello Piney, Hello Heather. Okay,

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Speaker 2: rate the All Blacks year for me and let's do

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Speaker 2: it out of five?

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Speaker 6: Okay, Well, what we should do with if I go three, two, one,

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Speaker 6: and we both give our mark.

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Speaker 2: Out of five, okay, out of five?

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Speaker 3: Ye about of ten?

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Speaker 6: What about out of ten our mark out of ten?

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Speaker 7: Go okay?

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Speaker 6: So three to one pretty close. You're a tough marker. Yeah,

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Speaker 6: I'm giving them just I'm giving them the extra mark

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Speaker 6: because ten out of thirteen is a record that a

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Speaker 6: lot of Tier one nations would love. But I think

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Speaker 6: there are still a lot of unanswered questions, as your

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Speaker 6: five out of ten suggests. You know, no Rugby Championship,

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Speaker 6: no Grand Slam. Yes they kept the Bletter Slow Cup

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Speaker 6: and that was that was good. But in Australian side,

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Speaker 6: is still the.

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Speaker 2: Problems that are plaguing them at the end of this

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Speaker 2: year that we're plaguing them at the start of last year.

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Speaker 2: Massive deficits in terms of losses.

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Speaker 6: That those third quarter blues are crazy, a like not

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Speaker 6: being out of score points or stop conceding them, you know,

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Speaker 6: the twenty minutes after halftime. Look a year from now,

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Speaker 6: after this massive tour of South Africa with what three

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Speaker 6: tests over there plus the one of the neutral location,

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Speaker 6: if we're ten from thirteen back in the next year,

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Speaker 6: that's probably not too bad. Considering four of them are

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Speaker 6: against a terrific South African side. But will we get there?

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Speaker 6: That's that's the thing?

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Speaker 2: Is it the actual is it? Is it the number

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Speaker 2: of I think looking at the number of tests that

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Speaker 2: you win is kind of not the right metric. I

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Speaker 2: think it's it's the quality of the game that's being played, right,

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Speaker 2: you see the problems there?

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Speaker 6: Yeah, great point because we beat France and three tests

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Speaker 6: at the start of July or into July, and none

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Speaker 6: of the three were really great performances. But there are

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Speaker 6: three wins there. Whereas you look at the win over

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Speaker 6: South Africa and Auckland, that was a terrific performance that night,

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Speaker 6: but they have been a bit few and far between.

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Speaker 6: So yeah, I think we leave twenty twenty five in

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Speaker 6: an all black sense, with a sense of not really

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Speaker 6: being sure if the improvement has been enough for us

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Speaker 6: to feel confident about the World Cup in two years time.

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Speaker 2: So Piney on Friday, I was surprised to read in

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Speaker 2: Gregor and you and I talked about Gregor Paul's piece,

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Speaker 2: but what I didn't talk to you about was the

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Speaker 2: fact that Scott Raiser Robinson is actually not the head

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Speaker 2: coach in the way that we would consider a traditional

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Speaker 2: head coach. He's a culture coach. He's a manager type figure, right,

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Speaker 2: And is it Scott Hanson who's the actual head coach?

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Speaker 2: That's surprising to me? Is it to you?

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Speaker 6: It is surprising to me too, And I think that

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Speaker 6: might be one change they have to make. They have

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Speaker 6: to get razorback on the grass as a hands on coach,

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Speaker 6: because I think that's how he was initially anyway, and

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Speaker 6: maybe later in this time at the Crusades he moved

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Speaker 6: into more of this sort of overseeing role. But he

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Speaker 6: was initially a very good on the grass rugby coach.

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Speaker 6: And with Jason Holland leaving now I don't think they'll

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Speaker 6: replace him. I think they'll just, you know, give all

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Speaker 6: the responsibilities out quite a bit to Scott Robinson. After all,

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Speaker 6: he's the head coach, which he's the one who lives

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Speaker 6: and dies by the results of the team. If I'm him,

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Speaker 6: I want to have my hands dirty within that team.

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Speaker 3: So is it.

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Speaker 2: Possible that actually that may go some way to explaining

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Speaker 2: why we looked at the Crusaders and they were just

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Speaker 2: absolutely brilliant. And then Scott Raiser Robertson moves to the

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Speaker 2: all blacks and they're not brilliant because he's not the coach.

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Speaker 2: Because when we're looking at the team, this is not

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Speaker 2: a scott this is not a razor team, this is

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Speaker 2: a handsome team.

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Speaker 6: Well, I think also the fact that coaching at Super

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Speaker 6: Raby level allows you to be a man manager because

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Speaker 6: you have your team with you the whole time. Right,

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Speaker 6: You've got five or six months together with them. That

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Speaker 6: is enough time. It's like, you know, that's being in

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Speaker 6: a workplace with them all blacks. It's like they come

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Speaker 6: in and out. He doesn't have a long time with them.

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Speaker 6: So building that culture being a great man manager is

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Speaker 6: a lot more difficult at all blacks level than crusaders level.

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Speaker 2: Now, what happened to England? I mean two days? Got

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Speaker 2: the hell?

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Speaker 6: Imagine if you had tickets for day three, if you're

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Speaker 6: all set for your day at the cricket and there's

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Speaker 6: no cricket, this is astonishing read. I think guys have

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Speaker 6: just forgotten how to bat. You know, they love the

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Speaker 6: T twenty, they smack it around everywhere and they get

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Speaker 6: to the white clothing on the red ball. They forget

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Speaker 6: how to play. So yeah, like crazy, but yeah, good entertainment.

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Speaker 6: I guess, but yeah, no, you wouldn't want to take

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Speaker 6: us today through.

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Speaker 2: Brilliant Hey, thank you Pioneers, always appreciated. Jason Pines Sports

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Speaker 2: Store Coast. He'll be back at seven. The Telegraph has

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Speaker 2: probably got the best summation of what happens. Here's by

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Speaker 2: Sirjeffrey Boycott and the headliners. I cannot take the stupid

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Speaker 2: England team seriously anymore.

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Speaker 3: For twenty three, the headlines and the hard questions. It's

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Speaker 3: the make asking breakfast time.

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Speaker 8: Minister is with us.

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Speaker 9: Now do you want to talk about the coup?

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Speaker 3: The what the coup?

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Speaker 9: Well, but the christ Bership coup. He's coming for you

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Speaker 9: what I'm listening.

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Speaker 10: I cannot be honest, it's quite hard to take this

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Speaker 10: seriously because I've read all of this before four years.

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Speaker 9: I'm listening to hitherto Flicy Allen. He's coming for you.

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Speaker 2: Look, I don't think that is the case.

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Speaker 10: He is a great minister, he's a good friend and

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Speaker 10: he's doing an awesome job.

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Speaker 3: Where has all this come from?

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Speaker 11: Me?

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Speaker 9: Like, I don't know, it's hard to take it seriously.

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Speaker 10: As I said before, I've been reading this stuff ever

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Speaker 10: since I came here.

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Speaker 9: But I'm very focused on what I've got to do.

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Speaker 9: You will lead the National Party to the twenty twenty

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Speaker 9: six absolutely, no question, no question. Back tomorrow at six

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Speaker 9: am the Mic Hosking Breakfast with the Defendant News Talk ZEDB.

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Speaker 3: Digging deeper into the day's headlines.

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Speaker 1: It's Heather duplicl and drive with one New Zealand coverage.

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Speaker 3: Like no one else News Talk Zedbhither.

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Speaker 2: Does this Bruce, this clown Bruce, it's Bruce Cottrel Does

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Speaker 2: this clown Bruce know how much it costs to run

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Speaker 2: an airline? Yes, mate, he does. He's paying the tickets

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Speaker 2: that run the airline. We all know how much of

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Speaker 2: bloody costs to run an airlines coming out of our

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Speaker 2: bank accounts. Hither I'm a summer fruit grower, A big

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Speaker 2: part of the wasted food, as she was squarely to

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Speaker 2: do with the cost of labor. If you can't get

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Speaker 2: the best wholesale price in the market for any given product,

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Speaker 2: then twenty five percent of the time it's not worth

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Speaker 2: picking process and cost of freight to market. You lose

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Speaker 2: less money by just leaving it in the field. Market

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Speaker 2: return needs to grow at twice the rate of the

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Speaker 2: labor cost to keep pace. Hope that provides a perspective.

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Speaker 2: Thank you, Simon. That's actually what I thought was going

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Speaker 2: on in some part. So some of it is just

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Speaker 2: left there in the fields because it's just you make

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Speaker 2: no money if you pick it and then transported and

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Speaker 2: sorted and so on. Listen a little bit more detail.

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Speaker 2: This is the detail we've been waiting for with the

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Speaker 2: building and construction overhaul that Chris Pink is doing. The

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Speaker 2: last thing was, well, who's going to pay? Right if

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Speaker 2: we're not gonna have counsels as the kind of insurer

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Speaker 2: of last resort? Who pays if five years down the

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Speaker 2: track you find your house is leaky. Turns out you

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Speaker 2: pay because you're going to have to get out or

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Speaker 2: you're gonna have to get a warranty on your renovation.

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Speaker 2: If you're doing any renovation that's over the cost of

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Speaker 2: home warranties for all new residential buildings three stories or

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Speaker 2: under and renovations of one hundred thousand dollars over. So

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Speaker 2: if you're spending that much money on a renovation, you're

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Speaker 2: taking out a warranty. Now Vagan to say it's not

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Speaker 2: a big cost, it's like two hundred and seventy five

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Speaker 2: dollars a year for ten years or whatever it is.

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Speaker 2: I don't know. I'm not sure we'll get the cost

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Speaker 2: from Chris Pink. I'm not sure this is going to

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Speaker 2: be people are going to be stoked about this. But

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Speaker 2: I suppose you have to crack some eggs, you know, occasionally. Anyway,

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Speaker 2: He's with us after five o'clock. News is Next, News

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Speaker 2: Talks FV.

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Speaker 1: Today's newsmakers talk to Heather First. Heather Duplicy Ellen Drive

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Speaker 1: with One New Zealand and the Power of Satellite Mobile

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Speaker 1: News Talks ENV.

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Speaker 2: Good afternoon, Heather. Would you please ask your building regulation

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Speaker 2: expert if there is a time limit for a renovation

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Speaker 2: over one hundred thousand dollars? Please? I mean, why can't

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Speaker 2: I schedule or plan a renovation of fifty thousand and

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Speaker 2: then another of say sixty thousand a few months later

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Speaker 2: to avoid the REGs? Trevor, very good question, and we'll

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Speaker 2: be putting that to the minister who will be your

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Speaker 2: building regulation expert today. He'll bear us after five. Also,

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Speaker 2: what we're going to talk about is key we save

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Speaker 2: another big key we save. The announcement yesterday from Chris Luxon,

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Speaker 2: Very good one. Actually, I think to take us to

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Speaker 2: you know, I mean it's a bit of a stretch

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Speaker 2: to say it's the same as Australia, but we'll go

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Speaker 2: with it. It's twelve percent twelve percent. Obviously, if you

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Speaker 2: understand anything about how the world works, you know what

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Speaker 2: this means is you're not going to get a pay rise.

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Speaker 8: Right.

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Speaker 2: So if this kicks in in twenty thirty and you're

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Speaker 2: putting in six percent, and your employer's putting in six percent,

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Speaker 2: which basically means your income is putting twelve percent of

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Speaker 2: your income into your key, we savor you know that

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Speaker 2: that is part of your total package. Any rational, sane

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Speaker 2: employer is calculating it like that. They're going I would

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Speaker 2: normally give this person one hundred thousand dollars, but let's

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Speaker 2: lop twelve percent off and then we'll offer them that

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Speaker 2: and then we can add the twelve percent back on

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Speaker 2: and that will be their total package. I think everybody's

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Speaker 2: worried that's going to happen. It's going to happen. That's

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Speaker 2: how it works. We're going to talk to Rupert Carline,

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Speaker 2: who is a wealth managing director after five, just see

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Speaker 2: if it's possible to avoid it. The answer is, of

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Speaker 2: course no, it's not politics, and ten minutes time, twenty

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Speaker 2: three away from five it's.

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Speaker 1: The world wires on news dogs, they'd be drive.

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Speaker 12: So.

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Speaker 2: The latest political poll in Australia has identified a key

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Speaker 2: rival for Susan Lee as opposition leader. When asked who

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Speaker 2: should be the coalition leader, twenty one percent of the

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Speaker 2: people polled said Susan Lee, but fifteen percent than pointed

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Speaker 2: to Andrew Hasty. Liberal deputy leader Ted O'Brien says Susan's

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Speaker 2: job is safe.

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Speaker 4: Susan Lee did a fantastic job last week out there

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Speaker 4: prosecuting the case for affordable energy.

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Speaker 3: Of course she will continue to lead our party.

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Speaker 2: Over in the US, the Secretary of State Marco Rubio

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Speaker 2: is starting to sound more and more like his boss.

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Speaker 2: He says, there has been tremendous progress in peace negotiations

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Speaker 2: with Ukrainian and European leaders.

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Speaker 3: I think today was worthwhile.

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Speaker 13: It was very, very very.

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Speaker 10: It is probably the most productive day we have had

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Speaker 10: on this issue, maybe in the entirety of our engagement,

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Speaker 10: but certainly in a very long time.

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Speaker 2: And finally, the world is more mental than you could

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Speaker 2: possibly ever have imagined. There is a judge in Missouri

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Speaker 2: who regularly wears an Elvis weg in court in court,

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Speaker 2: in court, and has agreed to step down because what

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Speaker 2: Judge Matthew Thornhill was doing was he puts the weg

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Speaker 2: on and then he occasionally plays Alvas songs off his

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Speaker 2: phone to bring a bit of levity to court proceedings.

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Speaker 2: You don't relax the litigans. He's not actually allow au

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Speaker 2: to do that. So he's agreed to step down in

437
00:19:04,840 --> 00:19:06,399
Speaker 2: order to avoid a disciplinary hearing.

438
00:19:07,040 --> 00:19:10,960
Speaker 1: International correspondence with Ends and Eye Insurance, Peace of mind

439
00:19:11,000 --> 00:19:13,640
Speaker 1: for New Zealand business Wow on.

440
00:19:13,640 --> 00:19:15,840
Speaker 2: Of the Peterson six pur perth Love presenters with us,

441
00:19:15,840 --> 00:19:19,480
Speaker 2: Hello Ali, get aheader. So the seventy four year old

442
00:19:19,520 --> 00:19:22,159
Speaker 2: has fallen off the cruise, the disney cruise that's it

443
00:19:22,320 --> 00:19:23,240
Speaker 2: can't find.

444
00:19:23,359 --> 00:19:24,520
Speaker 7: No, isn't it awful?

445
00:19:24,560 --> 00:19:26,639
Speaker 14: Imagine going on a disney cruise because it would be

446
00:19:26,640 --> 00:19:28,720
Speaker 14: the trip of a lifetime, wouldn't it. But an elderly

447
00:19:28,800 --> 00:19:33,080
Speaker 14: passenger it died after jumping overboard on that one way

448
00:19:33,200 --> 00:19:36,440
Speaker 14: sailing from Australia to New Zealand. So there's been a

449
00:19:36,480 --> 00:19:40,720
Speaker 14: fair search there was not found. Now the ship is

450
00:19:40,760 --> 00:19:44,280
Speaker 14: due to arrive tomorrow. There in Auckland, but that's going

451
00:19:44,320 --> 00:19:47,440
Speaker 14: to be pushed back until the twenty sixth of November,

452
00:19:47,560 --> 00:19:49,359
Speaker 14: so looking to be harrowing time, wouldn't it For the

453
00:19:49,760 --> 00:19:53,719
Speaker 14: what one thousand crew and captain and those passengers on

454
00:19:53,720 --> 00:19:55,080
Speaker 14: board the ship. It was meant to be a five

455
00:19:55,200 --> 00:19:58,800
Speaker 14: nights sailing cruise from Melbourne Auckland. Of course, Disney's actually

456
00:19:58,800 --> 00:20:02,120
Speaker 14: pulling out of our market. But that is very, very

457
00:20:02,119 --> 00:20:04,000
Speaker 14: sad news. The guest has not been found, the search

458
00:20:04,040 --> 00:20:06,200
Speaker 14: has been called off, and are they're going to spend

459
00:20:06,240 --> 00:20:07,280
Speaker 14: an extra night at sea?

460
00:20:07,320 --> 00:20:09,760
Speaker 2: How long do you give Susan before Andrew rolls her?

461
00:20:10,119 --> 00:20:13,399
Speaker 7: Well, definitely into the new year. What's the point going now?

462
00:20:13,800 --> 00:20:19,159
Speaker 14: The government is obviously riding high in the polls and

463
00:20:19,200 --> 00:20:22,480
Speaker 14: where a good two years plus away from a federal election.

464
00:20:22,560 --> 00:20:24,359
Speaker 14: So I just don't see there being any point at

465
00:20:24,359 --> 00:20:27,919
Speaker 14: the moment challenging Susan Lee and rolling her. Maybe to

466
00:20:27,960 --> 00:20:30,600
Speaker 14: give you a bit of a breather over summer if

467
00:20:30,640 --> 00:20:33,119
Speaker 14: you're a Newish opposition leader, that the pressures off you,

468
00:20:33,160 --> 00:20:35,640
Speaker 14: I suppose for six weeks or so, but I think

469
00:20:35,680 --> 00:20:37,720
Speaker 14: Susan Lee will be given to the end of the

470
00:20:37,720 --> 00:20:39,879
Speaker 14: first quarter of twenty twenty six, So by the end

471
00:20:39,880 --> 00:20:41,880
Speaker 14: of March, I'd be surprised to see her still there.

472
00:20:42,080 --> 00:20:44,840
Speaker 14: Opinion polls will probably keep tracking downwards. She's trying to

473
00:20:44,840 --> 00:20:46,680
Speaker 14: be upbeat and say, look, we're going to tackle migration

474
00:20:46,840 --> 00:20:50,720
Speaker 14: next after resolving their energy policies. I think that there

475
00:20:50,800 --> 00:20:54,520
Speaker 14: is no real appetite to challenge and change the leader now.

476
00:20:54,520 --> 00:20:56,280
Speaker 14: And as you just read out in those Newspole results,

477
00:20:56,560 --> 00:20:58,600
Speaker 14: what fifteen percent of people only know who Andrew Hasty

478
00:20:58,720 --> 00:21:00,680
Speaker 14: is and he's over from my side of the world

479
00:21:00,720 --> 00:21:03,240
Speaker 14: here in Western Australia. He has a lot of work

480
00:21:03,280 --> 00:21:05,720
Speaker 14: to do for people in Sydney, Melbourne, Brisbane in particular.

481
00:21:05,760 --> 00:21:06,800
Speaker 7: Do we even know who he is?

482
00:21:07,640 --> 00:21:09,399
Speaker 2: Yeah? I mean you know what, do you think she

483
00:21:09,440 --> 00:21:10,520
Speaker 2: wants to retain the job?

484
00:21:11,119 --> 00:21:15,040
Speaker 14: Not really ultimately I don't, but I also think you

485
00:21:15,040 --> 00:21:18,160
Speaker 14: would believe that you would want to give this your

486
00:21:18,200 --> 00:21:19,800
Speaker 14: all because this may be and it will be her

487
00:21:19,840 --> 00:21:21,160
Speaker 14: only opportunity once she's gone.

488
00:21:21,160 --> 00:21:21,880
Speaker 2: She's gone.

489
00:21:21,800 --> 00:21:24,119
Speaker 7: Yeah, so you're not going to give up without giving

490
00:21:24,160 --> 00:21:27,640
Speaker 7: it everything that you have and trying to hold onto power.

491
00:21:27,720 --> 00:21:29,320
Speaker 2: Because I was going to say, if she wants the job,

492
00:21:29,400 --> 00:21:31,479
Speaker 2: you know what happens between now and March, then as

493
00:21:31,520 --> 00:21:34,280
Speaker 2: things get really weird, because that's what always happens. They

494
00:21:34,320 --> 00:21:35,960
Speaker 2: start to try too hard for the job and then

495
00:21:36,000 --> 00:21:37,879
Speaker 2: they just get weird as.

496
00:21:38,720 --> 00:21:40,720
Speaker 14: And even the fact that she's trying to you know,

497
00:21:40,880 --> 00:21:43,360
Speaker 14: even the fact that she has to sell a policy

498
00:21:43,400 --> 00:21:45,919
Speaker 14: now from the coalition that has abandoned that zero, she

499
00:21:45,960 --> 00:21:48,440
Speaker 14: doesn't believe in that. It's the same with the Sheep

500
00:21:48,480 --> 00:21:50,680
Speaker 14: movement last year, you know, try and keep live export

501
00:21:50,760 --> 00:21:53,280
Speaker 14: trade going. She doesn't believe in that. And she also

502
00:21:53,359 --> 00:21:56,560
Speaker 14: doesn't believe, in her heart of hearts, in the drastic

503
00:21:56,600 --> 00:21:58,480
Speaker 14: measures that the party wants to take the direction for

504
00:21:58,560 --> 00:22:01,480
Speaker 14: immigration policy. So how can you have a leader who

505
00:22:01,560 --> 00:22:03,600
Speaker 14: personally doesn't believe in what she's trying to sell?

506
00:22:03,800 --> 00:22:05,919
Speaker 7: It just it doesn't end up cutting the mustard?

507
00:22:05,920 --> 00:22:08,760
Speaker 2: Hey, did you go to the ashes? Absolutely? I did

508
00:22:09,040 --> 00:22:10,720
Speaker 2: day one or day two both.

509
00:22:10,800 --> 00:22:13,119
Speaker 7: I took Friday off and went Saturday. And how's this header?

510
00:22:13,280 --> 00:22:14,400
Speaker 7: This is the best thing ever.

511
00:22:14,800 --> 00:22:16,720
Speaker 14: My seven year old Edward, we were meant to leave

512
00:22:16,720 --> 00:22:19,720
Speaker 14: at four o'clock on Saturday and he said to me, Dad,

513
00:22:20,160 --> 00:22:23,400
Speaker 14: we're not going anywhere. And now he just like I've

514
00:22:23,400 --> 00:22:27,080
Speaker 14: brainwashed him successfully that he realizes The Australian Cricket team

515
00:22:27,200 --> 00:22:29,240
Speaker 14: is the greatest team of all time and anytime we

516
00:22:29,280 --> 00:22:31,680
Speaker 14: play England India New Zealand, we're going to flog you.

517
00:22:31,960 --> 00:22:34,199
Speaker 2: Yeah, okay, cool, So you've just said like that's like

518
00:22:34,400 --> 00:22:36,879
Speaker 2: telling him that that sounds is still real? Hey, question

519
00:22:37,000 --> 00:22:40,800
Speaker 2: for you, and it's just asked me in my ears

520
00:22:40,840 --> 00:22:43,520
Speaker 2: if in order for this to remain true, will all

521
00:22:43,560 --> 00:22:45,080
Speaker 2: squads have to carry sandpaper?

522
00:22:45,760 --> 00:22:45,960
Speaker 12: Oh?

523
00:22:46,160 --> 00:22:49,160
Speaker 7: Thanks, antsy mate? Yeah yeah, yeah, real good. Now we've

524
00:22:49,160 --> 00:22:51,000
Speaker 7: moved on from that, Heather. We just sen Travis had

525
00:22:51,000 --> 00:22:52,240
Speaker 7: it head out and he just scores all the uns.

526
00:22:52,320 --> 00:22:54,920
Speaker 2: Is your seven year old sit still for the whole day?

527
00:22:55,280 --> 00:22:55,520
Speaker 13: Yep?

528
00:22:55,600 --> 00:22:57,440
Speaker 7: How's that? Got that? Pun?

529
00:22:57,760 --> 00:22:58,480
Speaker 3: Absolutely?

530
00:22:58,680 --> 00:23:01,120
Speaker 14: How's that ed? First time he's ever been to a Test.

531
00:23:01,200 --> 00:23:03,359
Speaker 14: He's gone to a couple of big Bash matches, but

532
00:23:03,440 --> 00:23:06,080
Speaker 14: he went for an entire day of test cricket. Any normal,

533
00:23:07,080 --> 00:23:11,399
Speaker 14: Well he's my son, so yes, because I've brainwashed him successfully.

534
00:23:11,400 --> 00:23:12,639
Speaker 7: But no, it's not for normal seven.

535
00:23:12,560 --> 00:23:14,520
Speaker 2: Year olds, isn't it. It's just because it's really the

536
00:23:14,600 --> 00:23:15,080
Speaker 2: difference is.

537
00:23:15,080 --> 00:23:17,320
Speaker 7: Because New Zealand's no good at cricket and Australia is.

538
00:23:17,400 --> 00:23:20,280
Speaker 14: So you never know how it feels like Hegley OVAL's

539
00:23:20,280 --> 00:23:22,119
Speaker 14: one of the best ovals in the World's watch cricket.

540
00:23:22,160 --> 00:23:24,080
Speaker 7: But and I know you're actually really good at cricket,

541
00:23:24,080 --> 00:23:25,200
Speaker 7: but I'm just trying to be a.

542
00:23:25,119 --> 00:23:26,919
Speaker 2: Bit of a Higley. Is that in New Zealand?

543
00:23:27,000 --> 00:23:27,280
Speaker 8: Is it?

544
00:23:27,840 --> 00:23:28,720
Speaker 7: Yeah?

545
00:23:29,200 --> 00:23:32,720
Speaker 2: Yeah, all right, thank you Oliver. There never been to

546
00:23:32,720 --> 00:23:35,720
Speaker 2: a place called Hegley. But you know what, thank you,

547
00:23:36,359 --> 00:23:39,000
Speaker 2: thank you. I think our accent is obviously closer to

548
00:23:39,040 --> 00:23:43,320
Speaker 2: the original. Oliver Peterson, six PR Perth Live presenter seventeen

549
00:23:43,320 --> 00:23:44,720
Speaker 2: away from five Heller.

550
00:23:44,840 --> 00:23:46,679
Speaker 3: Do see, Allen, It's not normal is.

551
00:23:46,680 --> 00:23:48,320
Speaker 2: It for a seven year old to sit still for

552
00:23:48,400 --> 00:23:50,080
Speaker 2: an entire day's worth of cricket?

553
00:23:50,119 --> 00:23:50,199
Speaker 3: Like?

554
00:23:50,480 --> 00:23:53,360
Speaker 2: Has he drugged his son or something? Do you know what?

555
00:23:53,440 --> 00:23:56,399
Speaker 2: Can I just tell you something? Very quickly? I poured

556
00:23:56,400 --> 00:23:57,800
Speaker 2: some you know how I was saying before that I

557
00:23:57,840 --> 00:24:00,359
Speaker 2: have no respect for best buy dates and stuff myself

558
00:24:00,359 --> 00:24:01,840
Speaker 2: a cup of tea before and I poured the milk

559
00:24:01,840 --> 00:24:03,879
Speaker 2: in and obviously nobody's cleared the milk out over the

560
00:24:03,920 --> 00:24:06,240
Speaker 2: weekend and it curdled. And I brought my tea anyway,

561
00:24:06,240 --> 00:24:08,160
Speaker 2: because it's a Russian in the boss can and he's annoying,

562
00:24:08,200 --> 00:24:09,600
Speaker 2: like he's always talking to me at the wrong time

563
00:24:09,640 --> 00:24:10,840
Speaker 2: of day, and so he was trying to talk to

564
00:24:10,840 --> 00:24:12,399
Speaker 2: me when I was trying to get ready, and so

565
00:24:12,400 --> 00:24:14,040
Speaker 2: I didn't have time to go and refresh the tea.

566
00:24:14,080 --> 00:24:16,840
Speaker 2: And I thought, bugger it, bugger it, I'm gonna drink

567
00:24:16,960 --> 00:24:19,159
Speaker 2: this tea. And I started drinking the tea. And then

568
00:24:19,200 --> 00:24:20,840
Speaker 2: I told the German that I was drinking the tea,

569
00:24:20,880 --> 00:24:23,880
Speaker 2: and she was so revolted that I was like, I'm

570
00:24:23,880 --> 00:24:25,800
Speaker 2: just gonna have to push through, Like for the sake

571
00:24:25,840 --> 00:24:27,800
Speaker 2: of this, I'm gonna have to push through with the tea.

572
00:24:28,359 --> 00:24:30,639
Speaker 2: I've had to give up so disgusting I did. I

573
00:24:30,680 --> 00:24:33,120
Speaker 2: gave up because it's not because it tastes bad, because

574
00:24:33,119 --> 00:24:35,719
Speaker 2: it doesn't taste bad. It just looks nasty, doesn't it.

575
00:24:35,840 --> 00:24:37,679
Speaker 2: I wonder if this is the reaction people have with

576
00:24:37,720 --> 00:24:40,480
Speaker 2: funny shaped apples in the supermarket. We're like, ah, look

577
00:24:40,520 --> 00:24:43,280
Speaker 2: at that apple. It's not completely appily. I think that's

578
00:24:43,280 --> 00:24:45,879
Speaker 2: the reaction I've had with milk. Anyway, we need to

579
00:24:45,880 --> 00:24:48,640
Speaker 2: talk about Nikola Willis, because I didn't have a chance

580
00:24:48,640 --> 00:24:50,159
Speaker 2: to talk to Nichola Willis. If you caught up on

581
00:24:50,160 --> 00:24:53,040
Speaker 2: the offshore credits thing, Simon Watts has been going around

582
00:24:53,040 --> 00:24:55,280
Speaker 2: telling everybody, oh, we've got the mechanisms in place, all

583
00:24:55,359 --> 00:24:57,760
Speaker 2: we've got the processes. We're gonna start buying offshore carbon

584
00:24:57,800 --> 00:25:00,320
Speaker 2: credits from some places. I think it was what one

585
00:25:00,359 --> 00:25:02,440
Speaker 2: of them, may have been Malaysia or Thailand or something

586
00:25:02,480 --> 00:25:04,680
Speaker 2: like that in Southeast Asia. We're ready to buy them.

587
00:25:04,800 --> 00:25:06,560
Speaker 2: But the other day he was saying he wasn't going

588
00:25:06,600 --> 00:25:08,640
Speaker 2: to buy them because they're going to cost US twenty

589
00:25:08,640 --> 00:25:10,159
Speaker 2: four billion dollars. And I don't know about you, but

590
00:25:10,200 --> 00:25:12,119
Speaker 2: I'm not keen on sending twenty four billion dollars to

591
00:25:12,160 --> 00:25:14,439
Speaker 2: another country to plant trees for us. So anyway, I

592
00:25:14,440 --> 00:25:16,159
Speaker 2: didn't get a chance to talk to Nicola about this

593
00:25:16,200 --> 00:25:18,520
Speaker 2: on Monday because I had the funny voice. But she's

594
00:25:18,520 --> 00:25:20,200
Speaker 2: with us today. I'm going to ask her about it.

595
00:25:20,320 --> 00:25:21,640
Speaker 2: Stay tuned, she's with us after six.

596
00:25:21,680 --> 00:25:24,600
Speaker 1: Politics is next Politics with centric credit.

597
00:25:24,720 --> 00:25:27,280
Speaker 3: Check your customers and get payments. Curtainy, listen.

598
00:25:27,359 --> 00:25:28,960
Speaker 2: I'm going to need you to tell me whether you

599
00:25:29,040 --> 00:25:32,080
Speaker 2: think of Barren Wellington has been ridiculous, been very naughty,

600
00:25:32,200 --> 00:25:34,080
Speaker 2: or if the authority is being ridiculous. I'm gona tell

601
00:25:34,080 --> 00:25:35,679
Speaker 2: you about it in a minute. Right now, it's thirteen

602
00:25:35,680 --> 00:25:38,119
Speaker 2: away from five and Thomas Coglan, the Herald's political editor,

603
00:25:38,160 --> 00:25:39,800
Speaker 2: is in for Barry Sober, who's off for the week

604
00:25:39,840 --> 00:25:43,560
Speaker 2: writing his book. Thomas Hallo, he had a good afternoon. Now,

605
00:25:43,560 --> 00:25:45,600
Speaker 2: what do you think of this key we save her announcement?

606
00:25:45,640 --> 00:25:47,640
Speaker 2: Seems to me like quite smart politics.

607
00:25:48,240 --> 00:25:50,160
Speaker 15: Yes, I think it's smart politics. I think it's good

608
00:25:50,160 --> 00:25:52,879
Speaker 15: policy as well. I mean, the key we saver in

609
00:25:52,960 --> 00:25:55,000
Speaker 15: general retirement savings in New Zealand there's a bit of

610
00:25:55,000 --> 00:25:57,560
Speaker 15: a dog. It has been a dog since the nineteen

611
00:25:57,840 --> 00:26:00,840
Speaker 15: seventies when we got rid of the contributor scheme. We

612
00:26:00,920 --> 00:26:03,840
Speaker 15: do need to lift it to twelve percent. Obviously, it's

613
00:26:03,840 --> 00:26:05,359
Speaker 15: going to be a it will be a bit of

614
00:26:05,359 --> 00:26:07,560
Speaker 15: a bumpy ride getting it there. There will be some

615
00:26:07,600 --> 00:26:10,720
Speaker 15: employers who will take that that extra that extra point

616
00:26:10,800 --> 00:26:12,760
Speaker 15: five percent each year out of your pay packet and

617
00:26:12,760 --> 00:26:15,040
Speaker 15: the total remuneration package, which I know you've been talking

618
00:26:15,040 --> 00:26:17,760
Speaker 15: about today. So that's something I think I think Labor

619
00:26:17,800 --> 00:26:20,440
Speaker 15: is probably going to try and look at. But the

620
00:26:20,480 --> 00:26:22,040
Speaker 15: rest of the policy is pretty sound. We need to

621
00:26:22,040 --> 00:26:23,920
Speaker 15: do it and for all the for all the bumps

622
00:26:23,920 --> 00:26:26,480
Speaker 15: along the way, it's it's probably something that's that's worth doing.

623
00:26:26,720 --> 00:26:28,159
Speaker 2: I mean, we need to be honest though that in

624
00:26:28,160 --> 00:26:30,240
Speaker 2: the long run, it's going to depress wages, isn't it,

625
00:26:30,280 --> 00:26:33,000
Speaker 2: because because when they when when when somebody offers you

626
00:26:33,040 --> 00:26:35,000
Speaker 2: a job, they are going to consider the cost of

627
00:26:35,080 --> 00:26:36,000
Speaker 2: key we saver here.

628
00:26:37,119 --> 00:26:39,840
Speaker 15: Yeah exactly, And I mean you know you're probably sick

629
00:26:39,840 --> 00:26:41,440
Speaker 15: of hearing it from everyone, But the only way to

630
00:26:41,440 --> 00:26:44,399
Speaker 15: get wages to grow is productivity, and productivity has been

631
00:26:44,400 --> 00:26:46,520
Speaker 15: an absolute turkey in New Zealand for a long time.

632
00:26:47,359 --> 00:26:49,680
Speaker 15: So yes, if this, if this, if we can't get

633
00:26:49,680 --> 00:26:52,440
Speaker 15: the productivity question solved, then then this will come from

634
00:26:52,520 --> 00:26:54,680
Speaker 15: from people's wages. No, no question about it.

635
00:26:55,000 --> 00:26:57,480
Speaker 2: I can't imagine anybody is going to vote for National

636
00:26:57,600 --> 00:27:00,000
Speaker 2: for it. It's not a vote attractor, it's not necessary.

637
00:27:00,000 --> 00:27:02,720
Speaker 2: It's definitely not a vote repellent. Is it maybe just

638
00:27:02,760 --> 00:27:03,960
Speaker 2: a credibility policy?

639
00:27:04,800 --> 00:27:06,960
Speaker 15: I do? I think obviously we had those polls that

640
00:27:07,000 --> 00:27:09,560
Speaker 15: the EPSOS poll last week which had the questions around

641
00:27:09,600 --> 00:27:11,840
Speaker 15: economic management. For National, they do need something to say

642
00:27:11,880 --> 00:27:14,680
Speaker 15: on economic management. They are also probably going to run

643
00:27:14,720 --> 00:27:17,720
Speaker 15: on raising the Superade again because they really have a

644
00:27:17,720 --> 00:27:20,480
Speaker 15: fiscal issue there. If they're not raising the Superade, then

645
00:27:20,520 --> 00:27:22,240
Speaker 15: it's really hard to see how they're going to pay

646
00:27:22,280 --> 00:27:25,159
Speaker 15: for public services going forward, because that superade thing is

647
00:27:25,200 --> 00:27:27,080
Speaker 15: a real issue, so they need something. If you're going

648
00:27:27,119 --> 00:27:28,959
Speaker 15: to lift the superrade, you need to be able to say, well,

649
00:27:29,000 --> 00:27:33,720
Speaker 15: look here's what we're doing to try and really get

650
00:27:33,760 --> 00:27:37,040
Speaker 15: some of the heavy lifting off superannuation, national superation as

651
00:27:37,040 --> 00:27:40,560
Speaker 15: far as the retirement costco. And I suppose it as

652
00:27:40,600 --> 00:27:42,640
Speaker 15: a way of just neutralizing that question them.

653
00:27:42,720 --> 00:27:45,280
Speaker 2: Yeah, fair point. Okay, Now have you seen this Taxpayer's

654
00:27:45,359 --> 00:27:47,840
Speaker 2: Union Curier poll about Labour CGT.

655
00:27:48,520 --> 00:27:49,000
Speaker 13: Yes, I have.

656
00:27:49,080 --> 00:27:52,000
Speaker 15: It's a very interesting poll. So obviously Labour CGT twenty

657
00:27:52,040 --> 00:27:55,600
Speaker 15: eight percent on profits made after one July twenty twenty

658
00:27:55,680 --> 00:27:59,200
Speaker 15: seven for property excluding the family home and a bunch

659
00:27:59,240 --> 00:28:02,480
Speaker 15: of other things. Now, obviously, you know house prices go

660
00:28:02,600 --> 00:28:04,639
Speaker 15: up by five six percent of years, that is what

661
00:28:04,680 --> 00:28:07,119
Speaker 15: the forecast is. The inflation rate is a wee bit

662
00:28:07,200 --> 00:28:08,960
Speaker 15: lower than that usually, you know, two to three percent

663
00:28:08,960 --> 00:28:11,600
Speaker 15: of the year going forward is what we're forecasting. So

664
00:28:11,680 --> 00:28:13,359
Speaker 15: some of the text, some of the money that Labor's

665
00:28:13,359 --> 00:28:16,920
Speaker 15: CGT would bring in, it's just inflation. So basically the

666
00:28:17,480 --> 00:28:20,440
Speaker 15: government is clipping the ticket, and the governments slipping the

667
00:28:20,440 --> 00:28:22,720
Speaker 15: ticket when it fails to get inflation under control. So

668
00:28:22,720 --> 00:28:25,920
Speaker 15: there's a wee bit of a perverse incenter of there.

669
00:28:26,520 --> 00:28:30,680
Speaker 15: Sixty one percent of New Zealanders want the text if

670
00:28:30,720 --> 00:28:32,880
Speaker 15: there were a text for it only applied to inflation

671
00:28:32,920 --> 00:28:38,400
Speaker 15: adjusted gains, whereas where student NA one real gains and

672
00:28:38,440 --> 00:28:40,840
Speaker 15: it's actually labor voters are the ones who are most

673
00:28:40,880 --> 00:28:41,360
Speaker 15: against it.

674
00:28:41,760 --> 00:28:44,760
Speaker 2: Okay, Now do you think at the moment labor is

675
00:28:44,800 --> 00:28:47,400
Speaker 2: going for real gains, do you think that they will

676
00:28:47,400 --> 00:28:51,280
Speaker 2: be pressured into adjusting it and going for inflation adjusted.

677
00:28:51,920 --> 00:28:54,160
Speaker 15: I do not think so. I think I think they

678
00:28:54,640 --> 00:29:00,160
Speaker 15: need the money labor, labor labor. At the moment your

679
00:29:00,160 --> 00:29:02,640
Speaker 15: election policy lots to be it's a very cost of

680
00:29:02,680 --> 00:29:07,959
Speaker 15: living affordability affordability mandate. And so you're looking at GP visits.

681
00:29:08,160 --> 00:29:10,160
Speaker 15: You know, who knows they might slap dental here onto

682
00:29:10,160 --> 00:29:12,000
Speaker 15: that med card. They've got a few other things onto

683
00:29:12,040 --> 00:29:14,440
Speaker 15: that medic card. They are kind of looking at things

684
00:29:14,480 --> 00:29:16,720
Speaker 15: and thinking, how can we make that cheatah for people?

685
00:29:16,720 --> 00:29:19,320
Speaker 15: How can we make that free for people? That probably

686
00:29:19,360 --> 00:29:23,040
Speaker 15: meant in the most cases, means subsidies. And if you

687
00:29:23,080 --> 00:29:25,160
Speaker 15: are going to subsidize stuff, then you've got to text

688
00:29:25,200 --> 00:29:27,640
Speaker 15: people to pay for it. And so they really need

689
00:29:27,640 --> 00:29:30,360
Speaker 15: this revenue coming in and they cannot afford to reduce it.

690
00:29:30,400 --> 00:29:32,720
Speaker 15: And let's face it, if you were to take some

691
00:29:32,800 --> 00:29:36,960
Speaker 15: inflation inflation off your CDT, then you're probably going to

692
00:29:37,000 --> 00:29:39,280
Speaker 15: have the revenue because we're not expecting massive house price

693
00:29:39,360 --> 00:29:41,520
Speaker 15: broke anymore. That is a thing of the past. So

694
00:29:41,880 --> 00:29:43,640
Speaker 15: if you're not taking inflation, then there's really not a

695
00:29:43,640 --> 00:29:44,760
Speaker 15: lot of the ift they're for you.

696
00:29:44,920 --> 00:29:47,360
Speaker 2: Okay, listen, I see that you've written over the weekend

697
00:29:47,440 --> 00:29:50,480
Speaker 2: like I have about the you know, the chatter about

698
00:29:50,520 --> 00:29:53,920
Speaker 2: Luckson's leadership. What do you think, Thomas, what's the most

699
00:29:54,000 --> 00:29:56,720
Speaker 2: likely outcome? Are the MPs and National going to choose

700
00:29:56,760 --> 00:29:59,360
Speaker 2: to stick with Labor with Luxe and sorry, or are

701
00:29:59,360 --> 00:30:01,040
Speaker 2: they going to chew to switch to Bishop.

702
00:30:01,840 --> 00:30:03,640
Speaker 15: What's a bit of a Freudian slip there, I guess,

703
00:30:03,640 --> 00:30:05,360
Speaker 15: like if you're stick with lux and now you're sticking

704
00:30:05,400 --> 00:30:08,240
Speaker 15: with later. I know that's a real question, I know,

705
00:30:08,560 --> 00:30:11,640
Speaker 15: but you know it's what everyone is thinking. It's I

706
00:30:11,680 --> 00:30:14,080
Speaker 15: honestly think he might be quite lucky with the timing.

707
00:30:14,680 --> 00:30:16,720
Speaker 15: If you are going to Roland, then you probably want

708
00:30:16,720 --> 00:30:18,680
Speaker 15: to do it the side of Christmas. You've probably only

709
00:30:18,720 --> 00:30:20,840
Speaker 15: got two more public poles the side of Christmas. You've

710
00:30:20,840 --> 00:30:23,400
Speaker 15: got the Taxpayers Union in December, and there'll probably be

711
00:30:23,440 --> 00:30:26,080
Speaker 15: elit to Torbert Mills. Now, those poles would have to

712
00:30:26,080 --> 00:30:29,400
Speaker 15: be really, really bad, and you know, well really bad,

713
00:30:29,440 --> 00:30:31,680
Speaker 15: being worse than they already are. They would have to

714
00:30:31,680 --> 00:30:34,720
Speaker 15: be really bad for you to justify rolling them. I

715
00:30:34,760 --> 00:30:36,200
Speaker 15: think at the moment there's a little bit of kite

716
00:30:36,240 --> 00:30:38,680
Speaker 15: flying going on. It doesn't look like there's a formal coupe,

717
00:30:38,720 --> 00:30:41,640
Speaker 15: it doesn't look like anything is actually sort of happening,

718
00:30:42,000 --> 00:30:44,360
Speaker 15: but I think there is a bit of chin stroking

719
00:30:45,160 --> 00:30:47,880
Speaker 15: and people sort of saying, well, you know, if there

720
00:30:47,920 --> 00:30:50,240
Speaker 15: were to be a leadership change, if you were to

721
00:30:50,320 --> 00:30:53,480
Speaker 15: imagine Chris Bishop in the in the ninth floor suite,

722
00:30:53,920 --> 00:30:55,760
Speaker 15: what would you think of that? And I think people

723
00:30:55,760 --> 00:30:58,240
Speaker 15: are sort of flying kites just to sort of see

724
00:30:58,280 --> 00:30:59,960
Speaker 15: how that looks without it actually being a.

725
00:31:00,560 --> 00:31:03,680
Speaker 2: Right Thomas, Thank you, Thomas Coglan, the Herald's political edits.

726
00:31:03,680 --> 00:31:05,120
Speaker 2: So I think they're gonna stick with lux and I'm

727
00:31:05,120 --> 00:31:08,360
Speaker 2: gonna explain why, and just to take seven away from five, Okay,

728
00:31:08,680 --> 00:31:10,840
Speaker 2: five away from that's actually four away from five. Listen,

729
00:31:10,880 --> 00:31:12,400
Speaker 2: this is why I think they're gonna stick with Luxel

730
00:31:12,440 --> 00:31:13,600
Speaker 2: in the end, because this is what it is, right,

731
00:31:13,600 --> 00:31:15,480
Speaker 2: They're out of choice. They've got to choose Luxon or

732
00:31:15,560 --> 00:31:17,040
Speaker 2: someone else, and the someone else at the moment, as

733
00:31:17,080 --> 00:31:19,480
Speaker 2: Bishop I reckon, they're going to stick with Luxen because

734
00:31:19,480 --> 00:31:21,520
Speaker 2: they cannot get this thing off the ground. This is

735
00:31:21,560 --> 00:31:24,760
Speaker 2: about the second or third time this year that they've

736
00:31:24,840 --> 00:31:27,760
Speaker 2: started up the chat, started feeding things to the media,

737
00:31:27,880 --> 00:31:30,640
Speaker 2: feeding things to people, feeding the chat, trying to get

738
00:31:30,640 --> 00:31:32,760
Speaker 2: the thing up in the and get momentum behind it.

739
00:31:32,800 --> 00:31:34,280
Speaker 2: And every time it gets to a point where we

740
00:31:34,280 --> 00:31:36,840
Speaker 2: talk about it, it just peters out that says to me,

741
00:31:36,880 --> 00:31:38,160
Speaker 2: they're never going to get it off the ground. And

742
00:31:38,160 --> 00:31:41,640
Speaker 2: I think the problem is basically, I don't think they

743
00:31:41,640 --> 00:31:44,120
Speaker 2: can imagine Chris Bishop as the Prime Minister because remember,

744
00:31:44,120 --> 00:31:45,959
Speaker 2: to a lot of these people, Chris Bishop is the intern,

745
00:31:46,040 --> 00:31:48,800
Speaker 2: like they remember him working for Stephen Joyce in his office.

746
00:31:48,800 --> 00:31:52,040
Speaker 2: It's like the intern getting the CEO's job. Sometimes you

747
00:31:52,120 --> 00:31:55,080
Speaker 2: just yeah, the jump is just too massive. Also, I

748
00:31:55,080 --> 00:31:56,640
Speaker 2: don't think it helps that he's a liberal in the

749
00:31:56,640 --> 00:31:59,800
Speaker 2: Conservative Party. But anyway, you know Luxon mainly because I

750
00:31:59,840 --> 00:32:02,440
Speaker 2: think Luxeon's a liberal and that's not working. So another

751
00:32:02,440 --> 00:32:04,560
Speaker 2: liberal is probably not going to work anyway. We'll see

752
00:32:04,560 --> 00:32:05,920
Speaker 2: what happens. We'll leave it to them, but I think

753
00:32:05,960 --> 00:32:08,600
Speaker 2: we've probably done our dash on that one. Dakota Bar. Now,

754
00:32:08,600 --> 00:32:10,040
Speaker 2: I just want you to weigh in on this quickly

755
00:32:10,040 --> 00:32:11,480
Speaker 2: and we're going to talk to them in about twenty

756
00:32:11,480 --> 00:32:14,960
Speaker 2: minutes time. So, Dakota Bar and Wellington is in trouble

757
00:32:15,520 --> 00:32:17,440
Speaker 2: because they had a quiz nite and they offered us

758
00:32:17,480 --> 00:32:19,840
Speaker 2: their prize one hundred and fifty dollars bar tab and

759
00:32:19,920 --> 00:32:22,240
Speaker 2: they are now they are risk of losing their license

760
00:32:22,280 --> 00:32:25,000
Speaker 2: over that because apparently they use the wrong phrasing wording

761
00:32:25,280 --> 00:32:27,040
Speaker 2: what they should Instead of calling it a bar tab,

762
00:32:27,080 --> 00:32:30,080
Speaker 2: they should have called it a food and beverage voucher

763
00:32:30,280 --> 00:32:33,640
Speaker 2: and then they wouldn't be in trouble. Now, go, is

764
00:32:33,680 --> 00:32:36,920
Speaker 2: that a stupid rule or are they being stupid? You

765
00:32:37,000 --> 00:32:38,520
Speaker 2: let me know and we're talking to them shortly. But

766
00:32:38,560 --> 00:32:40,479
Speaker 2: next up, Chris Pink on what he's planning to do

767
00:32:40,560 --> 00:32:43,720
Speaker 2: forcing us to buy warranties for our Reno's news talk said.

768
00:32:43,560 --> 00:33:03,080
Speaker 3: By the only drive show.

769
00:33:03,200 --> 00:33:06,520
Speaker 1: You can try to ask the questions, we get the answers,

770
00:33:06,840 --> 00:33:10,480
Speaker 1: find a fag say and give the analysis here The

771
00:33:10,600 --> 00:33:14,160
Speaker 1: duplicyl and drive with one New Zealand and the power

772
00:33:14,200 --> 00:33:16,040
Speaker 1: of satellite mobile news.

773
00:33:15,800 --> 00:33:16,400
Speaker 3: Dogs, there'd be.

774
00:33:18,280 --> 00:33:20,600
Speaker 2: Afternoon. The government has filled in the missing pieces of

775
00:33:20,640 --> 00:33:23,760
Speaker 2: its building and construction reform. The outstanding question has been

776
00:33:23,880 --> 00:33:26,920
Speaker 2: who would pay for defective work if the trade can't

777
00:33:26,960 --> 00:33:29,640
Speaker 2: cover it. The answer is the homeowner. The homeowner will

778
00:33:29,640 --> 00:33:31,240
Speaker 2: have to take out a warranty to cover the work.

779
00:33:31,320 --> 00:33:33,640
Speaker 2: Chris Pink is the building in construction mini stand with us? Now,

780
00:33:33,720 --> 00:33:37,280
Speaker 2: Hi Chris, hello? Heither how much one of these warranties cost?

781
00:33:38,480 --> 00:33:42,200
Speaker 16: Well, actually, mostly people have warranties or guarantees in place

782
00:33:42,280 --> 00:33:44,880
Speaker 16: already now, so in those cases actually nothing at all.

783
00:33:45,640 --> 00:33:50,000
Speaker 16: But roughly speaking, it's around half of one percent of

784
00:33:50,040 --> 00:33:52,120
Speaker 16: the cost of a belt. So we think that's a

785
00:33:52,120 --> 00:33:54,360
Speaker 16: lot of peace of mind and it's a good trade

786
00:33:54,360 --> 00:33:56,520
Speaker 16: off for the council not having to be involved in

787
00:33:56,600 --> 00:33:58,400
Speaker 16: rate payers being on the hop to the extent they

788
00:33:58,440 --> 00:33:58,840
Speaker 16: are now.

789
00:33:59,120 --> 00:34:01,280
Speaker 2: So if you're doing a mill and a million dollar build,

790
00:34:01,280 --> 00:34:04,719
Speaker 2: you're looking at about five thousand dollars exactly. Yeah, Okay,

791
00:34:04,800 --> 00:34:06,440
Speaker 2: how would you have it if you already have it?

792
00:34:08,200 --> 00:34:11,800
Speaker 16: Oh? Because these products are already available. So think certified

793
00:34:11,800 --> 00:34:14,840
Speaker 16: builders have a guarantee called Halo register. Master builders have

794
00:34:14,880 --> 00:34:18,239
Speaker 16: their own one, and there's an insurance outfit called Stanfords

795
00:34:18,239 --> 00:34:20,000
Speaker 16: that provides building defect insurance.

796
00:34:20,040 --> 00:34:22,640
Speaker 2: So if you're using one of those builders, they're already

797
00:34:22,640 --> 00:34:23,160
Speaker 2: covered by it.

798
00:34:24,120 --> 00:34:26,080
Speaker 16: Yeah, that's right, And to be honest, most of the

799
00:34:26,080 --> 00:34:28,719
Speaker 16: reputable ones are. And if there's some builders who aren't

800
00:34:28,719 --> 00:34:31,319
Speaker 16: able to satisfy the insurers or the guarantee providers that

801
00:34:31,320 --> 00:34:33,759
Speaker 16: they're good enough quality that they want to stand behind them,

802
00:34:33,840 --> 00:34:35,600
Speaker 16: then maybe you don't want them doing your work anyway.

803
00:34:35,719 --> 00:34:39,400
Speaker 2: How far can that let's take master builders, how far

804
00:34:39,440 --> 00:34:41,480
Speaker 2: can that warranty go? Because let's say that there was

805
00:34:41,520 --> 00:34:44,399
Speaker 2: something as massive as the leaky building situation all over again,

806
00:34:44,480 --> 00:34:46,239
Speaker 2: would they be able to cover all of that?

807
00:34:47,480 --> 00:34:47,680
Speaker 13: Yeah?

808
00:34:47,719 --> 00:34:50,759
Speaker 16: Well, basically they will have to register with MB to

809
00:34:50,840 --> 00:34:53,680
Speaker 16: make sure that we've got visibility that they would have

810
00:34:53,719 --> 00:34:56,560
Speaker 16: the resources and the event of a large scale deficts

811
00:34:56,640 --> 00:34:59,400
Speaker 16: kind of claim. So, as you say, that's an important consideration.

812
00:34:59,520 --> 00:35:02,480
Speaker 16: But working through that detail now, but we're really confident

813
00:35:02,880 --> 00:35:04,680
Speaker 16: from the week that we've done with them already that

814
00:35:04,680 --> 00:35:06,840
Speaker 16: they will be able to get there and provide that assurance.

815
00:35:07,040 --> 00:35:08,560
Speaker 2: Hold on, So why would they have to register with

816
00:35:08,560 --> 00:35:10,640
Speaker 2: the MB? Would the government be the backstop here.

817
00:35:11,760 --> 00:35:13,719
Speaker 16: No, the government's not the backstop. But the government is

818
00:35:13,719 --> 00:35:17,640
Speaker 16: saying we require work north of one hundred thousand dollars

819
00:35:17,719 --> 00:35:21,320
Speaker 16: basically to have one of the approved guarantees or warranty

820
00:35:21,560 --> 00:35:24,600
Speaker 16: or insurance systems and saying, well, you know, we need

821
00:35:24,640 --> 00:35:27,200
Speaker 16: those to be robust because they need to be available

822
00:35:27,480 --> 00:35:29,440
Speaker 16: when the proverbial hits the fan?

823
00:35:29,560 --> 00:35:31,439
Speaker 2: Does master builders run out at a million dollars?

824
00:35:31,480 --> 00:35:31,600
Speaker 14: Like?

825
00:35:32,040 --> 00:35:33,880
Speaker 2: Is that the cap on the warranty?

826
00:35:34,520 --> 00:35:36,960
Speaker 16: I shouldn't speak for what the details of the scheme are,

827
00:35:36,960 --> 00:35:38,799
Speaker 16: but I know that they in certified builders have both

828
00:35:38,800 --> 00:35:42,160
Speaker 16: been working really proactively and constructively with them BETA to

829
00:35:42,239 --> 00:35:44,360
Speaker 16: work out the details. And some of it's the devil

830
00:35:44,360 --> 00:35:46,160
Speaker 16: in the detail about when you can claim and who

831
00:35:46,200 --> 00:35:48,680
Speaker 16: can claim, you know, how much experience they will want

832
00:35:48,680 --> 00:35:50,480
Speaker 16: the builders to hap and so forth. So we're going

833
00:35:50,520 --> 00:35:51,239
Speaker 16: through that detail now.

834
00:35:51,719 --> 00:35:53,839
Speaker 2: Now, is you are you putting the onus on the

835
00:35:53,840 --> 00:35:57,080
Speaker 2: homeowner because builders cannot get insurance?

836
00:35:58,320 --> 00:36:00,480
Speaker 16: No, it's the builders who would get the insurance or

837
00:36:00,520 --> 00:36:03,880
Speaker 16: the cover, but they would have it, you know, effectively,

838
00:36:03,880 --> 00:36:05,920
Speaker 16: they would pass that cost on to the homeowner. So

839
00:36:06,160 --> 00:36:08,160
Speaker 16: the point is that it won't be the rate pays

840
00:36:08,160 --> 00:36:12,040
Speaker 16: in general who are subsidizing poor building practices. It's actually

841
00:36:12,040 --> 00:36:14,640
Speaker 16: the homeowner who would you know, effectively pay a bit more,

842
00:36:14,719 --> 00:36:17,280
Speaker 16: but have that peace of mind and take the councils

843
00:36:17,280 --> 00:36:19,080
Speaker 16: out of the equation, or at least not to the

844
00:36:19,320 --> 00:36:20,200
Speaker 16: full extent that they are.

845
00:36:20,239 --> 00:36:22,360
Speaker 2: Now okay, Chris, I appreciate your time, Chris Pink Building

846
00:36:22,440 --> 00:36:23,799
Speaker 2: and Construction Minister.

847
00:36:24,360 --> 00:36:26,520
Speaker 3: Heather Duplicy Ellen, so time for a look.

848
00:36:26,400 --> 00:36:28,160
Speaker 2: At the NATS promised changes to key we Save it.

849
00:36:28,239 --> 00:36:30,960
Speaker 2: If re elected, the National Party will gradually increase the

850
00:36:31,000 --> 00:36:33,400
Speaker 2: default key we Save A contribution rate to six percent

851
00:36:33,440 --> 00:36:35,800
Speaker 2: and mandate that employers must also match at six percent,

852
00:36:35,800 --> 00:36:38,160
Speaker 2: taking it to twelve percent in total. Prime Minister told

853
00:36:38,160 --> 00:36:39,920
Speaker 2: my costing this morning that the policy will be a

854
00:36:39,960 --> 00:36:42,759
Speaker 2: bottom line for the NATS and Coalition negotiations. I don't

855
00:36:42,760 --> 00:36:45,440
Speaker 2: actually know why it is so political. I think it's

856
00:36:45,440 --> 00:36:46,640
Speaker 2: actually a common sense thing.

857
00:36:46,640 --> 00:36:48,920
Speaker 9: If you look at places like Ireland and Australia that

858
00:36:48,960 --> 00:36:51,920
Speaker 9: are wealthier, they actually have higher retirement savings.

859
00:36:52,000 --> 00:36:54,520
Speaker 2: Rupert Carline is managing director of Colder Wealth and here's

860
00:36:54,520 --> 00:36:57,880
Speaker 2: with us now, Hi, Rupert, Hi, I mean the comparison

861
00:36:57,880 --> 00:37:00,600
Speaker 2: with Aussie is not totally fair. Is it.

862
00:37:00,600 --> 00:37:03,839
Speaker 10: It's not even close to fair. We say six plus

863
00:37:03,880 --> 00:37:06,000
Speaker 10: cent six plus six to get us to towelve percent,

864
00:37:06,200 --> 00:37:10,040
Speaker 10: but actually for them it's it's semi compulsory. They're big incentives,

865
00:37:10,080 --> 00:37:13,520
Speaker 10: so people actually want to contribute, whereas here this announcement's

866
00:37:13,520 --> 00:37:15,600
Speaker 10: more like a nudge of saying, you know what, people,

867
00:37:15,680 --> 00:37:18,480
Speaker 10: you should contribute more to your quisaver, but we're not

868
00:37:18,520 --> 00:37:20,080
Speaker 10: really going to give you any reason to do so.

869
00:37:20,440 --> 00:37:23,600
Speaker 2: Do we have to make it compulsory ucing I.

870
00:37:23,560 --> 00:37:26,480
Speaker 10: Don't like compulsion because I think if we make it

871
00:37:26,480 --> 00:37:29,360
Speaker 10: compulsory without incentives, people are just going to see it

872
00:37:29,360 --> 00:37:31,880
Speaker 10: as a tax. And we know how everyone loves tax

873
00:37:32,360 --> 00:37:35,640
Speaker 10: and so to me, it's actually about giving choice. I

874
00:37:35,680 --> 00:37:38,000
Speaker 10: believe people should have the freedom to make their own decisions,

875
00:37:38,360 --> 00:37:40,799
Speaker 10: but we should be giving some form of incentives to

876
00:37:40,840 --> 00:37:42,320
Speaker 10: give them a nudge in the right direction.

877
00:37:42,719 --> 00:37:45,400
Speaker 2: What incentives well.

878
00:37:45,800 --> 00:37:51,280
Speaker 10: Internationally, so Chris Luxon used the examples of Ireland, Australia, US.

879
00:37:51,600 --> 00:37:54,520
Speaker 10: These are all countries that use tax breaks, So tax

880
00:37:54,640 --> 00:37:57,640
Speaker 10: eductions for contributions or tax eductions to allow you to

881
00:37:57,719 --> 00:38:02,120
Speaker 10: kind of make your gains tax free was designed. We

882
00:38:02,760 --> 00:38:06,360
Speaker 10: used employee er contributions to do it. So by saying

883
00:38:06,640 --> 00:38:09,960
Speaker 10: as an employer, you've got to match the employee, that

884
00:38:10,080 --> 00:38:12,000
Speaker 10: was a way of saying, if you want that extra pay,

885
00:38:12,200 --> 00:38:16,400
Speaker 10: you've got to contribute to qyvsaver. Unfortunately, that was unwound

886
00:38:16,440 --> 00:38:19,440
Speaker 10: in two thousand and nine by the National Party with

887
00:38:19,480 --> 00:38:22,439
Speaker 10: the entrance of total remmuneration policies. And what that means

888
00:38:22,480 --> 00:38:25,960
Speaker 10: now is for fifty percent of workers look to be blunt,

889
00:38:25,960 --> 00:38:28,840
Speaker 10: they're better off by not contributing to qvsaver and just

890
00:38:28,920 --> 00:38:31,080
Speaker 10: taking the cash because there is no incentive for them

891
00:38:31,120 --> 00:38:33,239
Speaker 10: to have their money locked up until they're sixty five.

892
00:38:33,520 --> 00:38:35,680
Speaker 2: Now, this is just I mean, if we're honest about it,

893
00:38:35,680 --> 00:38:38,000
Speaker 2: this is going to depress wages, isn't it Because instead

894
00:38:38,000 --> 00:38:40,120
Speaker 2: of giving you one hundred thousand dollars, they're just going

895
00:38:40,160 --> 00:38:43,480
Speaker 2: to take one hundred thousand dollars that's the available pay,

896
00:38:43,520 --> 00:38:45,399
Speaker 2: and we're going to take the twelve percent off, give

897
00:38:45,440 --> 00:38:47,080
Speaker 2: you your money, and then top it back up. That's

898
00:38:47,120 --> 00:38:47,719
Speaker 2: what's going to happen.

899
00:38:48,680 --> 00:38:50,959
Speaker 10: It is, and there's no question on there. I don't

900
00:38:50,960 --> 00:38:53,719
Speaker 10: debate that for a second. However, we have to also

901
00:38:53,760 --> 00:38:57,319
Speaker 10: acknowledge we've got a retirement system that is completely at

902
00:38:57,320 --> 00:39:01,160
Speaker 10: the moment we need to move retirement says into being

903
00:39:01,320 --> 00:39:04,920
Speaker 10: privately driven versus driven by the state. So this is

904
00:39:04,920 --> 00:39:06,640
Speaker 10: a hit that's going to have to happen at some point.

905
00:39:07,160 --> 00:39:08,719
Speaker 10: Middle of a recession is at the right time to

906
00:39:08,760 --> 00:39:11,480
Speaker 10: do it. That's a different Surely we're.

907
00:39:11,320 --> 00:39:15,120
Speaker 2: Going to be out of the recession by twenty thirty two, Well.

908
00:39:14,880 --> 00:39:17,799
Speaker 10: We would hope, so twenty five to be the year

909
00:39:17,840 --> 00:39:18,320
Speaker 10: of driving.

910
00:39:19,440 --> 00:39:22,880
Speaker 2: Jeez, honestly, shoot me now, Rupert, thanks very much appreciated,

911
00:39:22,920 --> 00:39:27,080
Speaker 2: Rupert Carline Coder, Wealth Managing Director. It's thirteen past five.

912
00:39:27,520 --> 00:39:29,640
Speaker 3: Heather dup c Allen Luke, who's.

913
00:39:29,400 --> 00:39:31,400
Speaker 2: In hospitality here that we've got two badges for the

914
00:39:31,400 --> 00:39:33,279
Speaker 2: same thing. We've got a hospitality tab and we've got

915
00:39:33,280 --> 00:39:35,920
Speaker 2: a food and drink tab. The spoilers, they're basically the

916
00:39:35,960 --> 00:39:38,680
Speaker 2: same monster wearing different hats. Where adults, we're not toddler's

917
00:39:38,680 --> 00:39:41,000
Speaker 2: on a field trip. Liquor laws aren't toddler proof fences.

918
00:39:41,040 --> 00:39:42,640
Speaker 2: Let the grown ups make the call on their tab,

919
00:39:42,640 --> 00:39:44,560
Speaker 2: whether it's for drinks or snacks or both within the

920
00:39:44,640 --> 00:39:47,000
Speaker 2: law and spare us the label gymnastics, which I think

921
00:39:47,040 --> 00:39:48,480
Speaker 2: is an absolutely fair point. We're going to talk to

922
00:39:48,480 --> 00:39:51,120
Speaker 2: the guy who runs to Cota next. This feels like

923
00:39:51,160 --> 00:39:53,960
Speaker 2: the authorities have got it in for him. Listen update

924
00:39:53,960 --> 00:39:56,920
Speaker 2: about one of the friends of the show, Craig Renie.

925
00:39:56,920 --> 00:40:00,440
Speaker 2: Big day for Craig beg weekend for Craig because the

926
00:40:00,480 --> 00:40:03,080
Speaker 2: world's worst kept secrets has come to pass. In fact,

927
00:40:03,280 --> 00:40:06,520
Speaker 2: Craig has taken a big step towards becoming a future

928
00:40:06,600 --> 00:40:09,560
Speaker 2: finance minister for the Labor Party. This weekend he was

929
00:40:09,600 --> 00:40:12,480
Speaker 2: selected as the Labor candidate for the Wellington Bays electorate.

930
00:40:12,920 --> 00:40:17,520
Speaker 2: With well done Craig, which he did say, remember what

931
00:40:17,600 --> 00:40:18,960
Speaker 2: he said when he was on the show, said I'm

932
00:40:18,960 --> 00:40:21,520
Speaker 2: not going to be making any announcements on this show. Well,

933
00:40:21,680 --> 00:40:23,960
Speaker 2: you know, we should have we should have probed a

934
00:40:23,960 --> 00:40:26,480
Speaker 2: bit harder because clearly he had an announcement he wanted

935
00:40:26,520 --> 00:40:29,240
Speaker 2: to make. That's the old Wrong Attire electorate by the way. Anyway,

936
00:40:29,719 --> 00:40:31,000
Speaker 2: so we've decided, where.

937
00:40:30,880 --> 00:40:32,720
Speaker 3: Have we decided, Laura, have we decided?

938
00:40:32,760 --> 00:40:35,200
Speaker 2: We're not sure. We're sort of like, should we keep

939
00:40:35,239 --> 00:40:39,520
Speaker 2: him on the huddle because I mean, now he's completely predictable.

940
00:40:39,560 --> 00:40:40,719
Speaker 2: He's just going to say all the stuff that the

941
00:40:40,800 --> 00:40:42,640
Speaker 2: Labor Party wants him to say. But then Laura did

942
00:40:42,640 --> 00:40:46,759
Speaker 2: say to me well, was he ever not doing that?

943
00:40:47,080 --> 00:40:49,640
Speaker 2: We were like, no, he wasn't. So anyway, we're still

944
00:40:49,640 --> 00:40:52,800
Speaker 2: we're still about whether we keep Renny on the huddle.

945
00:40:52,800 --> 00:40:54,640
Speaker 2: We're going to We're going to bring him back one

946
00:40:54,680 --> 00:40:56,520
Speaker 2: more time at the very least, so we can bully

947
00:40:56,640 --> 00:40:58,279
Speaker 2: him a little bit, and then after that we'll make

948
00:40:58,280 --> 00:41:00,480
Speaker 2: a decision. Anyways, it's open for polling if you want

949
00:41:00,560 --> 00:41:03,760
Speaker 2: quarter pass. Now, you know, staying connected isn't just convenient

950
00:41:03,840 --> 00:41:06,800
Speaker 2: right nowadays it is critical. And with one New Zealand satellite,

951
00:41:06,800 --> 00:41:09,759
Speaker 2: which is powered by Starlink, you get coverage across New

952
00:41:09,840 --> 00:41:12,440
Speaker 2: Zealand where the traditional towers don't even reach. That's forty

953
00:41:12,440 --> 00:41:15,000
Speaker 2: percent more of our land mass. You can even get

954
00:41:15,000 --> 00:41:17,440
Speaker 2: coverage when you're out at sea on average up to

955
00:41:17,440 --> 00:41:19,799
Speaker 2: eighty five nautical miles. Now it is no secret that

956
00:41:19,840 --> 00:41:22,000
Speaker 2: business doesn't just happen in board rooms anymore. It happens

957
00:41:22,040 --> 00:41:23,840
Speaker 2: on the side of the road, it happens on site,

958
00:41:23,880 --> 00:41:26,439
Speaker 2: on the farm, on the move, sometimes in places where

959
00:41:26,480 --> 00:41:29,160
Speaker 2: coverage used to drop off. Now, with a satellite ready

960
00:41:29,160 --> 00:41:32,680
Speaker 2: phone and plan, your team can text, send photos, voice notes,

961
00:41:32,680 --> 00:41:35,239
Speaker 2: even short videos from anywhere in New Zealand that they

962
00:41:35,280 --> 00:41:38,080
Speaker 2: can see the sky and when the unexpected hits, storms,

963
00:41:38,080 --> 00:41:41,360
Speaker 2: outage as natural disasters. Satellite coverage means that your business

964
00:41:41,360 --> 00:41:44,120
Speaker 2: stays connected, so as well as better coverage, it's an

965
00:41:44,160 --> 00:41:46,640
Speaker 2: added layer of safety as well for your people wherever

966
00:41:46,680 --> 00:41:49,360
Speaker 2: work takes them. The only way to get this world

967
00:41:49,400 --> 00:41:52,239
Speaker 2: first satellite connectivity for your business in New Zealand, the

968
00:41:52,280 --> 00:41:56,560
Speaker 2: only way is with one New Zealand together do for

969
00:41:56,640 --> 00:41:59,600
Speaker 2: Sea Island either, you've got to remove them from the huddle.

970
00:42:00,800 --> 00:42:05,279
Speaker 2: I mean we're still discussing it. You know, it could

971
00:42:05,360 --> 00:42:07,160
Speaker 2: be fun. It could be fun, couldn't it Because we

972
00:42:07,200 --> 00:42:09,319
Speaker 2: can we can maybe we can get the inside oil

973
00:42:09,360 --> 00:42:11,560
Speaker 2: on labor, party stuff. You never know, you never know.

974
00:42:11,600 --> 00:42:14,560
Speaker 2: We could push our luck with at nineteen past five, now,

975
00:42:14,960 --> 00:42:19,480
Speaker 2: a popular Wellington nightclub is facing a licensed suspension all

976
00:42:19,480 --> 00:42:21,600
Speaker 2: over a bar tab. So what's happened? As Dakota Bar

977
00:42:21,640 --> 00:42:23,600
Speaker 2: and Courtney Place has been offering one hundred and fifty

978
00:42:23,640 --> 00:42:26,520
Speaker 2: dollars bar tab as the prize for its weekly quiz night,

979
00:42:26,800 --> 00:42:29,200
Speaker 2: but the rules say that giving away free alcohol isn't

980
00:42:29,239 --> 00:42:31,520
Speaker 2: allowed and that you should They should have offered a

981
00:42:31,520 --> 00:42:34,239
Speaker 2: food and beverage voucher instead, which is basically the same

982
00:42:34,280 --> 00:42:37,200
Speaker 2: thing isn't it. Jose Ubiaga is the owner of Dakota

983
00:42:37,200 --> 00:42:38,560
Speaker 2: Bar and with us Hello Jose.

984
00:42:39,320 --> 00:42:40,160
Speaker 8: Oh here here you go.

985
00:42:40,360 --> 00:42:41,879
Speaker 2: Well, thank you. This is silly, isn't it.

986
00:42:43,520 --> 00:42:47,640
Speaker 8: Personally I think it's absolutely crazy. Yeah, it's you, it's

987
00:42:47,680 --> 00:42:50,120
Speaker 8: Beyoncely and I agree. I mean food and beverage voucher

988
00:42:50,280 --> 00:42:52,879
Speaker 8: or bartab or bar voucher. I mean, it doesn't matter

989
00:42:52,880 --> 00:42:54,440
Speaker 8: how you dress it up, it's all the same thing.

990
00:42:54,719 --> 00:42:56,960
Speaker 2: Yeah, who told you? With the Wellington City Council you

991
00:42:56,960 --> 00:42:58,560
Speaker 2: should have called it a food and beverage voucher.

992
00:43:00,160 --> 00:43:03,280
Speaker 8: That's coming from the head of the alcohol licening team.

993
00:43:04,280 --> 00:43:06,120
Speaker 2: Did they tell you? Did they give you a warning?

994
00:43:07,640 --> 00:43:10,799
Speaker 8: They send me I have received a warning because I've

995
00:43:10,800 --> 00:43:13,000
Speaker 8: got a couple of bars. They sent me a warning

996
00:43:13,040 --> 00:43:16,280
Speaker 8: from one bar. And then because this is the practice

997
00:43:16,280 --> 00:43:18,480
Speaker 8: that we've been using, well I have been using for

998
00:43:18,520 --> 00:43:21,960
Speaker 8: twenty years, and so I don't agree with the change

999
00:43:21,960 --> 00:43:25,040
Speaker 8: of terminology, but I'm happy to try and work with it.

1000
00:43:25,360 --> 00:43:28,160
Speaker 8: So I did try and change it. But then in

1001
00:43:28,200 --> 00:43:29,799
Speaker 8: one of my other bars it was put out there

1002
00:43:29,800 --> 00:43:32,120
Speaker 8: again as well for a bar tab for another promotion,

1003
00:43:32,360 --> 00:43:34,839
Speaker 8: which was we do a bingo night, The same sort

1004
00:43:34,880 --> 00:43:37,480
Speaker 8: of thing and so I got another warning for that,

1005
00:43:38,840 --> 00:43:41,759
Speaker 8: and so I changed my terminology. And then there was

1006
00:43:41,800 --> 00:43:46,680
Speaker 8: a poster that I used all last year which also

1007
00:43:46,800 --> 00:43:50,240
Speaker 8: has it in it too, and I reused that poster

1008
00:43:50,920 --> 00:43:53,120
Speaker 8: which I forgot that it had bar tab on it

1009
00:43:53,160 --> 00:43:55,719
Speaker 8: as well. And this was the final straw for the

1010
00:43:55,760 --> 00:43:58,400
Speaker 8: licening team, and so they put me through to Alah

1011
00:43:58,960 --> 00:44:02,480
Speaker 8: asking for now. She wants this ninety six hour suspension

1012
00:44:04,160 --> 00:44:07,640
Speaker 8: or cancelation of my license. This is what she's asking for.

1013
00:44:07,880 --> 00:44:10,920
Speaker 2: Okay, so it's pretty serious. Hose have we got a

1014
00:44:10,920 --> 00:44:13,359
Speaker 2: bit weird about booze in this country? I mean, like,

1015
00:44:13,640 --> 00:44:15,799
Speaker 2: I'm not a big drinker anymore. I've got children, so

1016
00:44:15,840 --> 00:44:18,280
Speaker 2: I can't. So I'm not trying to defend my favorite

1017
00:44:18,280 --> 00:44:20,400
Speaker 2: hobby or anything like that. But I do feel like

1018
00:44:20,480 --> 00:44:25,680
Speaker 2: we have got weird again about alcohol, haven't we.

1019
00:44:24,360 --> 00:44:27,400
Speaker 8: Well, it depends on where you live, because each area

1020
00:44:27,760 --> 00:44:31,000
Speaker 8: they can interpret the laws a little bit differently, and

1021
00:44:31,080 --> 00:44:33,680
Speaker 8: unfortunately here in Wontington we seem to have some of

1022
00:44:33,719 --> 00:44:35,520
Speaker 8: the stricter interpretations.

1023
00:44:35,680 --> 00:44:38,040
Speaker 2: Yeah, I hate you guys on Courtney Place.

1024
00:44:39,520 --> 00:44:39,799
Speaker 13: They do.

1025
00:44:40,200 --> 00:44:45,759
Speaker 8: Yes, yep, you know ironically, when people do redeem our

1026
00:44:45,840 --> 00:44:49,960
Speaker 8: barthab ninety five percent of the sales will be food

1027
00:44:50,440 --> 00:44:54,560
Speaker 8: and non alcoholic drinks from the bathab So it's not

1028
00:44:54,600 --> 00:44:57,560
Speaker 8: like we have a problem with intoxication. Yeah, because people

1029
00:44:57,560 --> 00:44:59,719
Speaker 8: are coming in and getting hammered when they're winning.

1030
00:45:00,080 --> 00:45:02,200
Speaker 2: Good luck fighting this because this does seem a bit silly.

1031
00:45:02,280 --> 00:45:06,080
Speaker 2: Jose Ubiaga, who's the owner of Courtney Place Bar, Dakota. Look,

1032
00:45:07,080 --> 00:45:09,560
Speaker 2: I just wonder if we're starting to kind of double

1033
00:45:09,600 --> 00:45:11,279
Speaker 2: back on ourselves and go back to you know, you

1034
00:45:11,320 --> 00:45:13,000
Speaker 2: know the time of Kate Shepard where we were like,

1035
00:45:13,360 --> 00:45:18,120
Speaker 2: you know, try getting really like really wokes through about alcohol.

1036
00:45:18,120 --> 00:45:19,680
Speaker 2: Are we headed back that way? If we're going to

1037
00:45:19,760 --> 00:45:22,640
Speaker 2: do language policing, we're like, you mustn't call it a bartap,

1038
00:45:22,680 --> 00:45:24,840
Speaker 2: you must call it a food and alcohol beverage. We

1039
00:45:24,920 --> 00:45:26,560
Speaker 2: are starting to get a bit weird, aren't we, Like

1040
00:45:26,560 --> 00:45:28,360
Speaker 2: maybe we need to check ourselves. Anyway, I'll throw this

1041
00:45:28,400 --> 00:45:30,239
Speaker 2: to the huddle later on five p. Twenty two.

1042
00:45:30,760 --> 00:45:33,920
Speaker 1: The name you trust to get the answers you need,

1043
00:45:34,160 --> 00:45:38,240
Speaker 1: it's Heather Duper Clan drive with one New Zealand coverage

1044
00:45:38,360 --> 00:45:40,440
Speaker 1: like no one else used talk.

1045
00:45:40,320 --> 00:45:42,400
Speaker 3: There'd be five twenty four.

1046
00:45:42,480 --> 00:45:44,480
Speaker 2: Right, let's talk about inan New Zealand. If I was

1047
00:45:44,560 --> 00:45:46,799
Speaker 2: in New Zealand. I would feel pretty beaten up after

1048
00:45:46,840 --> 00:45:49,560
Speaker 2: the weekend's opinion pieces because, as you know, Bruce Cottrel,

1049
00:45:49,560 --> 00:45:51,200
Speaker 2: who we spoke to earlier in the show, wrote a

1050
00:45:51,239 --> 00:45:53,600
Speaker 2: piece in one newspaper complaining that if in in New

1051
00:45:53,680 --> 00:45:55,239
Speaker 2: Zealand want to charge as much as they do, then

1052
00:45:55,280 --> 00:45:56,680
Speaker 2: they have to do the job better and be on

1053
00:45:56,760 --> 00:45:59,520
Speaker 2: time more often. And then Sam Stubbs wrote a piece

1054
00:45:59,600 --> 00:46:03,240
Speaker 2: in another newspaper telling them to stop overcharging domestic travelers.

1055
00:46:03,560 --> 00:46:06,520
Speaker 2: Now I cannot explain the timing. I can't explain why

1056
00:46:06,600 --> 00:46:09,480
Speaker 2: both those guys wrote harsh pieces about the same airline

1057
00:46:09,719 --> 00:46:12,680
Speaker 2: on the same weekend. But what's weirder about it is

1058
00:46:12,719 --> 00:46:14,840
Speaker 2: that I almost did exactly the same thing. I almost

1059
00:46:14,880 --> 00:46:16,320
Speaker 2: had a bit of a rant about Air New Zealand

1060
00:46:16,360 --> 00:46:18,080
Speaker 2: myself this weekend because I had to pull out of

1061
00:46:18,120 --> 00:46:20,600
Speaker 2: an event on account of their ticket prices. What it

1062
00:46:20,719 --> 00:46:22,080
Speaker 2: was is, the husband and I were planning to go

1063
00:46:22,160 --> 00:46:24,960
Speaker 2: to a thing in Wellington, started doing all the organizing,

1064
00:46:25,000 --> 00:46:28,080
Speaker 2: had the babysitter covered, organized to work out of Wellington

1065
00:46:28,160 --> 00:46:30,719
Speaker 2: for the day, went to book the flight. Saw the

1066
00:46:30,760 --> 00:46:34,520
Speaker 2: flight prices pretty close to one thousand dollars return per person,

1067
00:46:34,600 --> 00:46:37,400
Speaker 2: and I could not justify that. That is ridiculous. Now,

1068
00:46:37,480 --> 00:46:40,080
Speaker 2: I don't have a problem, as I've said a thousand times,

1069
00:46:40,200 --> 00:46:42,239
Speaker 2: due with Air New Zealand making as much money as

1070
00:46:42,280 --> 00:46:44,800
Speaker 2: it wants to. I wanted to make money. I'm a shareholder.

1071
00:46:45,440 --> 00:46:48,160
Speaker 2: We all are shareholders through the government. It does have

1072
00:46:48,320 --> 00:46:50,640
Speaker 2: to balance that with customer loyalty, though, because Ere New

1073
00:46:50,719 --> 00:46:54,239
Speaker 2: Zealand is now so overpriced that I cannot justify using it.

1074
00:46:54,320 --> 00:46:56,520
Speaker 2: For the first time in my working life, I don't

1075
00:46:56,560 --> 00:46:59,839
Speaker 2: have CORU anymore, I cannot justify the expense. And while

1076
00:46:59,880 --> 00:47:02,239
Speaker 2: I have the same problem as Bruce Cottrel, I don't

1077
00:47:02,280 --> 00:47:05,120
Speaker 2: want to fly Jetstar out of loyalty to Air New Zealand.

1078
00:47:05,360 --> 00:47:07,400
Speaker 2: I reckon give it a year. I reckon by this

1079
00:47:07,520 --> 00:47:09,600
Speaker 2: time next year, I'm going to be flying Jetstar. The

1080
00:47:09,680 --> 00:47:12,200
Speaker 2: flight from Auckland to Wellington on Air New Zealand for

1081
00:47:12,280 --> 00:47:14,440
Speaker 2: the event was five hundred dollars per person just one

1082
00:47:14,480 --> 00:47:17,200
Speaker 2: way right Auckland to Wellington five hundred dollars. The same

1083
00:47:17,280 --> 00:47:19,840
Speaker 2: flight on Jetstar at a better time was about one

1084
00:47:19,920 --> 00:47:22,839
Speaker 2: hundred and fifty dollars. That's in New Zealand's problem right there.

1085
00:47:23,000 --> 00:47:25,200
Speaker 2: They're chasing their customers away. One day they're going to

1086
00:47:25,239 --> 00:47:27,040
Speaker 2: wake up. They don't realize it now, but one day

1087
00:47:27,040 --> 00:47:28,080
Speaker 2: they're going to wake up and they're going to be

1088
00:47:28,120 --> 00:47:30,000
Speaker 2: surprised at how popular Jetstar is, and they're going to

1089
00:47:30,080 --> 00:47:31,880
Speaker 2: regret the fact that heaps of us tried out the

1090
00:47:31,960 --> 00:47:34,040
Speaker 2: Orange Bird and found it's not that bad, and in

1091
00:47:34,160 --> 00:47:36,080
Speaker 2: New Zealand will want us back and struggle to get

1092
00:47:36,160 --> 00:47:38,399
Speaker 2: us back. And maybe the reason that Bruce and Sam

1093
00:47:38,760 --> 00:47:41,520
Speaker 2: and maybe even me criticized Air New Zealand on the

1094
00:47:41,560 --> 00:47:44,879
Speaker 2: same weekend is that we're only saying what everybody's already thinking.

1095
00:47:45,520 --> 00:47:49,160
Speaker 2: Heather dupers the Alan, whether it's the law, health and safety,

1096
00:47:49,280 --> 00:47:53,200
Speaker 2: dummy host responsibility, Oh yeah, no, yeah, it's real. I

1097
00:47:53,520 --> 00:47:56,040
Speaker 2: think calling something a bar tab is really irresponsible. But

1098
00:47:56,160 --> 00:47:59,799
Speaker 2: giving a food and beverage voucher whatever, it's the same

1099
00:47:59,840 --> 00:48:01,759
Speaker 2: thing at the end, is just a different word. It's

1100
00:48:01,960 --> 00:48:05,080
Speaker 2: very a Willien, different name. It's obviously a phrase, very

1101
00:48:05,120 --> 00:48:08,640
Speaker 2: a Willian. Right, we're talking about the food wastage next.

1102
00:48:09,080 --> 00:48:10,640
Speaker 2: If you haven't caught up on this, we said it

1103
00:48:10,640 --> 00:48:12,719
Speaker 2: at the start of the show. We're wasting about two

1104
00:48:12,800 --> 00:48:15,560
Speaker 2: hundred and thirty seven kilograms of food each per year.

1105
00:48:15,840 --> 00:48:17,520
Speaker 2: But it's not you and I who's doing it right?

1106
00:48:17,600 --> 00:48:19,400
Speaker 2: So everybody else it's the farmers and the growers and

1107
00:48:19,480 --> 00:48:21,960
Speaker 2: the retailers and the wholesalers and the food processes. So

1108
00:48:22,040 --> 00:48:23,560
Speaker 2: we'll find out why this is happening on what we

1109
00:48:23,600 --> 00:48:25,440
Speaker 2: can do about it. Next news talks that beat you

1110
00:48:25,560 --> 00:48:25,840
Speaker 2: got to.

1111
00:48:25,920 --> 00:48:30,000
Speaker 3: Me Good Decision Lived now a living DNA way.

1112
00:48:35,200 --> 00:48:37,640
Speaker 1: On your smart speaker, on the iHeart app and in

1113
00:48:37,760 --> 00:48:40,720
Speaker 1: your car on your drive home it's Heather duplicy Ellen

1114
00:48:40,840 --> 00:48:44,239
Speaker 1: Drive with One New Zealand and the power of satellite

1115
00:48:44,280 --> 00:48:45,440
Speaker 1: Mobile news talks.

1116
00:48:45,480 --> 00:48:47,640
Speaker 8: That'd bet Judith of that.

1117
00:48:48,120 --> 00:48:52,880
Speaker 3: So can you come? Hey?

1118
00:48:52,960 --> 00:48:55,080
Speaker 2: Nikola Willis is with us after six o'clock as per

1119
00:48:55,160 --> 00:48:57,760
Speaker 2: usual as Simon Bridges as if you know what Simon

1120
00:48:57,800 --> 00:48:59,719
Speaker 2: Bridge we invited. He's going to be with us after

1121
00:49:00,280 --> 00:49:02,640
Speaker 2: six and absolutely we are going to talk to him

1122
00:49:02,640 --> 00:49:05,280
Speaker 2: about what he's with the Auckland Chamber of Commerce obviously,

1123
00:49:05,320 --> 00:49:07,560
Speaker 2: and they've put out some figures showing things and looking up.

1124
00:49:07,840 --> 00:49:09,480
Speaker 2: But really all I want to talk to him about

1125
00:49:09,560 --> 00:49:11,560
Speaker 2: was him being in the snake pit at Metallica. So

1126
00:49:11,600 --> 00:49:13,560
Speaker 2: we're definitely going to get to that. Heather. For the

1127
00:49:13,640 --> 00:49:16,040
Speaker 2: first time in twenty years, I'm driving again between the

1128
00:49:16,120 --> 00:49:18,239
Speaker 2: major cities from Napier and the flight I did the

1129
00:49:18,320 --> 00:49:21,280
Speaker 2: other day at six pm home from Auckland was half empty,

1130
00:49:21,640 --> 00:49:24,480
Speaker 2: twenty four away from six huddle standing by. Now we've

1131
00:49:24,520 --> 00:49:27,520
Speaker 2: got new food waste stats out. It turns out consumers

1132
00:49:27,560 --> 00:49:29,719
Speaker 2: are not the biggest wasters. It's actually everyone else in

1133
00:49:29,760 --> 00:49:32,160
Speaker 2: the food chain, from the growers to the processes to

1134
00:49:32,239 --> 00:49:34,400
Speaker 2: the retailers. They waste two thirds of the stuff that

1135
00:49:34,480 --> 00:49:37,280
Speaker 2: we throw away, most of it is edible. It adds

1136
00:49:37,360 --> 00:49:39,480
Speaker 2: up to about two hundred and thirty seven CAGs per

1137
00:49:39,520 --> 00:49:42,400
Speaker 2: person per year. Sheila Skeief is a professor at the

1138
00:49:42,480 --> 00:49:45,439
Speaker 2: University of Otago and wrote the report. High Sheila, Hello,

1139
00:49:45,680 --> 00:49:46,959
Speaker 2: why are they throwing it away?

1140
00:49:48,800 --> 00:49:52,600
Speaker 12: I don't think it's just primary and process and we've

1141
00:49:52,640 --> 00:49:55,960
Speaker 12: also got a lot of food waste happening at and households.

1142
00:49:56,440 --> 00:49:58,919
Speaker 12: But I mean, if we think about things on farm,

1143
00:49:59,080 --> 00:50:00,959
Speaker 12: you know, we're part of the problem too. Is people

1144
00:50:01,000 --> 00:50:03,000
Speaker 12: don't want to buy wonky fruit or things that are

1145
00:50:03,080 --> 00:50:05,320
Speaker 12: you know, not the right size. I'm just as guilty

1146
00:50:05,600 --> 00:50:08,279
Speaker 12: of that as anybody. So yeah, those are some of

1147
00:50:08,360 --> 00:50:11,080
Speaker 12: the reasons why. And food safety is a huge problem too.

1148
00:50:11,120 --> 00:50:12,560
Speaker 12: Of course, we have to look at food safety.

1149
00:50:12,960 --> 00:50:14,680
Speaker 2: Are you talking about in terms of the best buy

1150
00:50:14,800 --> 00:50:17,320
Speaker 2: date and the used by date with they don't I'm.

1151
00:50:17,200 --> 00:50:18,640
Speaker 15: Not gonna Yeah, that's one of it.

1152
00:50:18,920 --> 00:50:22,160
Speaker 12: But even even having things you know that maybe they're

1153
00:50:22,160 --> 00:50:24,560
Speaker 12: starting to not you know, they're not at the you know,

1154
00:50:24,640 --> 00:50:27,120
Speaker 12: at the best, even primary produce, it's not best. I'm

1155
00:50:27,120 --> 00:50:29,960
Speaker 12: not necessarily talking about packaged foods, but you know they

1156
00:50:30,040 --> 00:50:32,120
Speaker 12: maybe they're you know, starting to welter bed. And then

1157
00:50:32,160 --> 00:50:34,399
Speaker 12: it's a matter of decision of whether you know you're

1158
00:50:34,400 --> 00:50:36,640
Speaker 12: gonna you're gonna get that product and then use it,

1159
00:50:36,719 --> 00:50:37,799
Speaker 12: or whether you're gonna throw it away.

1160
00:50:38,239 --> 00:50:40,160
Speaker 2: She live, isn't there're a market here in a cost

1161
00:50:40,239 --> 00:50:43,320
Speaker 2: of living crisis for selling US an apple that's a

1162
00:50:43,320 --> 00:50:45,399
Speaker 2: little undersized in US, paying twenty percent least.

1163
00:50:46,640 --> 00:50:48,680
Speaker 12: Yeah, I mean, I think it's a really good point.

1164
00:50:49,520 --> 00:50:52,239
Speaker 12: It is hard to break. It's very hard to change

1165
00:50:52,280 --> 00:50:55,000
Speaker 12: people's behaviors, I think, and even myself. You know, when

1166
00:50:55,000 --> 00:50:57,400
Speaker 12: you go to go and you're looking through, you're always

1167
00:50:57,440 --> 00:50:59,520
Speaker 12: kind of looking for I don't are we looking for

1168
00:50:59,600 --> 00:51:01,719
Speaker 12: the best food? I mean, I do try to buy

1169
00:51:01,760 --> 00:51:04,840
Speaker 12: the wonky bags of fruit and things like that, But

1170
00:51:05,120 --> 00:51:07,120
Speaker 12: it is a matter of kind of changing our mindset

1171
00:51:07,200 --> 00:51:09,760
Speaker 12: a little bit about what we were willing to purchase.

1172
00:51:10,560 --> 00:51:12,120
Speaker 2: Is it economically viable for them?

1173
00:51:12,160 --> 00:51:12,359
Speaker 3: Though?

1174
00:51:12,480 --> 00:51:14,160
Speaker 2: If they have, if they've got a whole bunch of

1175
00:51:14,200 --> 00:51:17,759
Speaker 2: wonky apples to pay the labor costs of sorting it,

1176
00:51:18,040 --> 00:51:20,480
Speaker 2: then transporting it, and then selling it at a discount,

1177
00:51:20,480 --> 00:51:21,880
Speaker 2: does it actually make ends mean for them?

1178
00:51:22,520 --> 00:51:24,440
Speaker 12: I don't know the answer to that. You would have

1179
00:51:24,560 --> 00:51:27,239
Speaker 12: to contact the supermarkets. But you know, or wors what

1180
00:51:27,320 --> 00:51:29,600
Speaker 12: are they doing? You know, they're doing the wonky avocados

1181
00:51:29,680 --> 00:51:31,040
Speaker 12: and the wonky this and the wonky that.

1182
00:51:31,600 --> 00:51:33,680
Speaker 2: So I mean, maybe buy them? Buy them?

1183
00:51:34,080 --> 00:51:36,680
Speaker 12: Yeah, I do, definitely do buy them for sure, although

1184
00:51:36,680 --> 00:51:38,800
Speaker 12: I rather they weren't in a in a bag that

1185
00:51:39,040 --> 00:51:40,120
Speaker 12: was like a netted bag.

1186
00:51:40,280 --> 00:51:42,560
Speaker 2: But does she, like you notice they're not that wonky,

1187
00:51:43,080 --> 00:51:44,040
Speaker 2: Like that's still pretty good.

1188
00:51:44,080 --> 00:51:45,240
Speaker 12: They're totally not wonky.

1189
00:51:45,719 --> 00:51:47,680
Speaker 2: It's weird that they're even considered wonky.

1190
00:51:48,000 --> 00:51:50,000
Speaker 12: Yeah, no, I agree, But I think they're smaller like

1191
00:51:50,120 --> 00:51:53,000
Speaker 12: often those avocados they're in, they're quite they're small, they're

1192
00:51:53,040 --> 00:51:53,759
Speaker 12: not the bigger ones.

1193
00:51:53,880 --> 00:51:55,800
Speaker 11: So yeah, but it's fine for me. What difference?

1194
00:51:55,800 --> 00:51:56,319
Speaker 12: So I don't care.

1195
00:51:56,600 --> 00:51:58,800
Speaker 2: Yeah, I'm with you on that. Okay, now, now on

1196
00:51:58,920 --> 00:52:00,920
Speaker 2: the bright side, we are wasting a whole lot less

1197
00:52:00,920 --> 00:52:03,480
Speaker 2: than the rest of the world. Why is that? Oh well, I.

1198
00:52:03,480 --> 00:52:08,360
Speaker 12: Wouldn't sit Well, Okay, it's a tricky one. If you

1199
00:52:08,480 --> 00:52:10,640
Speaker 12: actually go and have a look at the report, okay,

1200
00:52:11,160 --> 00:52:13,640
Speaker 12: you'll see that actually in the UK and the EU

1201
00:52:14,000 --> 00:52:17,759
Speaker 12: per capita there are half of us. But in fact

1202
00:52:17,920 --> 00:52:19,719
Speaker 12: I heard a talk last week and in Japan they're

1203
00:52:19,760 --> 00:52:23,000
Speaker 12: even lower. So it but it does depend what you measure,

1204
00:52:23,080 --> 00:52:27,040
Speaker 12: and unfortunately it's not all measuring an apple and apple.

1205
00:52:27,239 --> 00:52:29,759
Speaker 12: It's measuring different things. So there's a little bit of

1206
00:52:29,760 --> 00:52:31,000
Speaker 12: an issue with how we measure.

1207
00:52:31,360 --> 00:52:32,920
Speaker 2: So do you think we actually waste a lot more

1208
00:52:32,960 --> 00:52:33,359
Speaker 2: than we think?

1209
00:52:33,960 --> 00:52:34,000
Speaker 11: No?

1210
00:52:34,320 --> 00:52:37,360
Speaker 12: I think as as a country, okay, we produce a

1211
00:52:37,400 --> 00:52:40,279
Speaker 12: lot of food, and we're pretty good at making sure

1212
00:52:40,320 --> 00:52:43,360
Speaker 12: that we make best use of that, particularly on farm

1213
00:52:43,560 --> 00:52:45,520
Speaker 12: and in processing, because I think, you know, we've got

1214
00:52:45,840 --> 00:52:49,160
Speaker 12: good cold you know, cold chain, we've got we bring

1215
00:52:49,239 --> 00:52:51,719
Speaker 12: people into pick, pick the fruit, et cetera. So we're

1216
00:52:51,760 --> 00:52:55,040
Speaker 12: pretty good household food wasted as high as it is

1217
00:52:55,360 --> 00:52:57,000
Speaker 12: in lots of places like Europe.

1218
00:52:57,160 --> 00:52:59,080
Speaker 2: All Right, Sheila, thank you very much, really appreciate it.

1219
00:52:59,120 --> 00:53:01,960
Speaker 2: She Las Skeieve Professional Nutrition at University of Otago and

1220
00:53:02,000 --> 00:53:04,640
Speaker 2: also the author of the report twenty one Away from Sex.

1221
00:53:05,440 --> 00:53:06,760
Speaker 3: The Huddle with New Zealand.

1222
00:53:06,800 --> 00:53:10,920
Speaker 1: Southby's International Realty a name you can trust locally and globally.

1223
00:53:10,920 --> 00:53:12,800
Speaker 2: Fum the Huddle with me. This evening we have Joseph Gurney,

1224
00:53:12,840 --> 00:53:14,880
Speaker 2: the CEO of Child Fund, and Liam Here, lawyer and

1225
00:53:14,920 --> 00:53:19,239
Speaker 2: political commentator. Hire you too, jose you buy the wonky fruit?

1226
00:53:21,239 --> 00:53:24,120
Speaker 17: Yes, I mean I just buy fruit. Generally, I don't

1227
00:53:24,120 --> 00:53:26,080
Speaker 17: think about it, but I do. I do wonder about

1228
00:53:26,120 --> 00:53:29,680
Speaker 17: this statistic because I actually spent the weekend cleaning out

1229
00:53:29,760 --> 00:53:32,840
Speaker 17: my spice cupboard and found spices going back to about

1230
00:53:32,880 --> 00:53:35,320
Speaker 17: twenty sixteen, and I chucked them all out. So I

1231
00:53:35,360 --> 00:53:37,880
Speaker 17: think that accounts for about one point too many tongues

1232
00:53:38,239 --> 00:53:38,719
Speaker 17: on its own.

1233
00:53:38,800 --> 00:53:41,000
Speaker 2: Did you taste it first to see if it was

1234
00:53:41,040 --> 00:53:41,480
Speaker 2: still good?

1235
00:53:42,680 --> 00:53:42,719
Speaker 11: No?

1236
00:53:43,120 --> 00:53:43,479
Speaker 3: I didn't.

1237
00:53:43,480 --> 00:53:47,919
Speaker 17: I'm not going to taste mixed spice and cardman raw

1238
00:53:48,080 --> 00:53:48,760
Speaker 17: on my tongue.

1239
00:53:48,920 --> 00:53:50,440
Speaker 2: Well, how do you know it's how do you know

1240
00:53:50,520 --> 00:53:51,279
Speaker 2: you can't cook with it?

1241
00:53:51,960 --> 00:53:53,160
Speaker 17: Are you going all greeny on me?

1242
00:53:53,280 --> 00:53:53,480
Speaker 18: Heather?

1243
00:53:53,800 --> 00:53:54,920
Speaker 2: I don't like waist.

1244
00:53:55,840 --> 00:53:59,799
Speaker 17: I just want new spices and new herbs, and I'm

1245
00:54:00,080 --> 00:54:02,399
Speaker 17: I'm actually sort of hard kind. It hard to get

1246
00:54:02,480 --> 00:54:05,040
Speaker 17: really upset about this. I mean, yes, we shouldn't waste food,

1247
00:54:05,040 --> 00:54:07,000
Speaker 17: and I have a compost and all of that, but

1248
00:54:07,160 --> 00:54:12,200
Speaker 17: you know, we've got hot warm ai pandemics, you know,

1249
00:54:12,440 --> 00:54:14,520
Speaker 17: trade blocks, god knows what else.

1250
00:54:14,800 --> 00:54:15,040
Speaker 5: I'm not.

1251
00:54:15,160 --> 00:54:17,160
Speaker 17: I'm struggling to get too worried about them.

1252
00:54:17,200 --> 00:54:19,480
Speaker 2: I'm not worried about lim. I just reckon that there's

1253
00:54:19,520 --> 00:54:22,399
Speaker 2: a market here. Like I reckon, there are willing participants

1254
00:54:22,560 --> 00:54:24,839
Speaker 2: like myself who are like, give me your wonky fruit

1255
00:54:24,920 --> 00:54:27,680
Speaker 2: and charge me forty percent less. And I'm sitting here

1256
00:54:27,719 --> 00:54:29,200
Speaker 2: going I want to pay less for fruit, and they

1257
00:54:29,239 --> 00:54:31,160
Speaker 2: want to get rid of their fruit. We should hook up,

1258
00:54:31,239 --> 00:54:31,839
Speaker 2: do you know what I mean?

1259
00:54:32,520 --> 00:54:33,960
Speaker 18: Yeah, well, I mean that's the thing. We live in

1260
00:54:33,960 --> 00:54:36,920
Speaker 18: a market economy, right, and you know, one of the

1261
00:54:37,040 --> 00:54:40,840
Speaker 18: greatest strengths of market economies, you know, for their drawbacks

1262
00:54:41,040 --> 00:54:44,080
Speaker 18: here and there, is that they produce a mess of

1263
00:54:44,160 --> 00:54:48,880
Speaker 18: suplus and abundance and food most of all, the probably

1264
00:54:48,920 --> 00:54:51,680
Speaker 18: the reason why we waste less food than other countries

1265
00:54:51,800 --> 00:54:54,320
Speaker 18: is that we're poorer than other countries. We like to

1266
00:54:54,440 --> 00:54:58,160
Speaker 18: heare ourselves, so we can't wait. You know, It's honestly

1267
00:54:58,400 --> 00:55:01,480
Speaker 18: like it's the idea that you can just magically move

1268
00:55:01,560 --> 00:55:03,560
Speaker 18: the soup busses around and they all find the right

1269
00:55:03,640 --> 00:55:06,200
Speaker 18: place or grow less. That's not how markets work. It's

1270
00:55:06,200 --> 00:55:09,480
Speaker 18: not how economies work. Having too much or something so

1271
00:55:09,600 --> 00:55:11,560
Speaker 18: that you can turn it away is actually a sign

1272
00:55:11,640 --> 00:55:14,040
Speaker 18: of prosperity. I'd like us they have more food waste

1273
00:55:14,040 --> 00:55:15,600
Speaker 18: because I'd like it to be more prosperous.

1274
00:55:16,200 --> 00:55:17,879
Speaker 17: And we're already eating the wonky fruit.

1275
00:55:18,600 --> 00:55:21,839
Speaker 2: Yeah, we are, like you literally are are you buying

1276
00:55:22,080 --> 00:55:25,160
Speaker 2: at the supermarket? It's called the odd bunch? Hey, Liam,

1277
00:55:25,200 --> 00:55:26,920
Speaker 2: what do you think of this key we sabor policy

1278
00:55:26,960 --> 00:55:27,439
Speaker 2: from the nets?

1279
00:55:27,480 --> 00:55:27,840
Speaker 3: You like it?

1280
00:55:29,320 --> 00:55:32,440
Speaker 18: I think it's good policy, It's inevitable, it's probably the

1281
00:55:32,480 --> 00:55:35,400
Speaker 18: phasing is good. It's probably a good template about how

1282
00:55:35,480 --> 00:55:38,920
Speaker 18: we have to do the national superannuation too. But look,

1283
00:55:38,960 --> 00:55:42,160
Speaker 18: i mean, look, I'm forty, I'm forty next next year,

1284
00:55:42,840 --> 00:55:45,520
Speaker 18: and I've just in all my life I've always thought, looked,

1285
00:55:45,880 --> 00:55:48,480
Speaker 18: it has to be care we favor because there's just

1286
00:55:48,560 --> 00:55:51,239
Speaker 18: not going to be enough money through through national superannuation

1287
00:55:51,360 --> 00:55:53,400
Speaker 18: when it comes to me and we have to get

1288
00:55:53,480 --> 00:55:56,960
Speaker 18: serious about it. And I'm a complete convert on kivsaver.

1289
00:55:57,080 --> 00:55:59,040
Speaker 18: I was against it when it came out, but it's

1290
00:55:59,040 --> 00:56:01,320
Speaker 18: been a real success, and actually it's going to be

1291
00:56:01,400 --> 00:56:03,200
Speaker 18: the thing that's going to have to save us because

1292
00:56:03,680 --> 00:56:07,880
Speaker 18: it's just too politically impossible to really reform superannuation. This

1293
00:56:08,080 --> 00:56:09,879
Speaker 18: is the step in the right direction. I'm not sure

1294
00:56:09,920 --> 00:56:12,400
Speaker 18: how politically popular it's going to be if you you know,

1295
00:56:12,480 --> 00:56:14,919
Speaker 18: I mean, it is taking money out of you week

1296
00:56:14,960 --> 00:56:17,960
Speaker 18: to week paycheck. You're telling people that they can't manage

1297
00:56:18,000 --> 00:56:21,200
Speaker 18: that for themselves, but it's a necessity. So I'm not

1298
00:56:21,239 --> 00:56:23,400
Speaker 18: sure if it's great politics, but it's good economics.

1299
00:56:23,520 --> 00:56:23,680
Speaker 11: Yeah.

1300
00:56:23,719 --> 00:56:26,280
Speaker 2: I mean I think Liam's onto something which is Josie,

1301
00:56:26,280 --> 00:56:27,759
Speaker 2: which is that it is going to have to save us,

1302
00:56:27,840 --> 00:56:30,160
Speaker 2: probably from the pension situation. But it's only going to

1303
00:56:30,200 --> 00:56:32,280
Speaker 2: save us if we make it compulsory. Are you okay

1304
00:56:32,560 --> 00:56:35,640
Speaker 2: with the government making it compulsory at six percent from

1305
00:56:35,680 --> 00:56:37,160
Speaker 2: you and six percent from the employer?

1306
00:56:38,200 --> 00:56:40,680
Speaker 17: So I'm not in favor of making it compulsory for

1307
00:56:40,760 --> 00:56:44,160
Speaker 17: two reasons. One is that sometimes businesses want to just

1308
00:56:44,320 --> 00:56:47,080
Speaker 17: plow their money into their business, and they know how

1309
00:56:47,120 --> 00:56:49,560
Speaker 17: best to spend their own money. I mean, God, I'm

1310
00:56:49,640 --> 00:56:52,640
Speaker 17: sounding like Liam here, and it's true. They know better

1311
00:56:52,640 --> 00:56:54,600
Speaker 17: how to spend their own money, and also you might

1312
00:56:54,680 --> 00:56:57,760
Speaker 17: have some people who just can't put away twelve percent

1313
00:56:57,920 --> 00:57:00,120
Speaker 17: or something. But the other thing I would say, and

1314
00:57:00,200 --> 00:57:02,960
Speaker 17: that's interesting, Liam, that you said that, because I remember running.

1315
00:57:03,040 --> 00:57:06,000
Speaker 17: Can we say the campaign pay par rental lead campaigns

1316
00:57:06,360 --> 00:57:10,200
Speaker 17: and so on? Four weeks minimum annual leave. The NAT

1317
00:57:10,480 --> 00:57:13,239
Speaker 17: hated these policies now and I think it's a really

1318
00:57:13,280 --> 00:57:15,520
Speaker 17: good thing that now we have a kind of cross

1319
00:57:15,560 --> 00:57:19,000
Speaker 17: party consensus that saving money is a really good idea.

1320
00:57:19,040 --> 00:57:21,400
Speaker 17: It's what Australia did. One of the reasons they're richer

1321
00:57:21,480 --> 00:57:24,000
Speaker 17: than us and pay perntal ly is a good idea,

1322
00:57:24,120 --> 00:57:27,040
Speaker 17: and so four weeks annually. So good to hear you

1323
00:57:27,120 --> 00:57:30,960
Speaker 17: agree with that, Comrade Liam well Pers.

1324
00:57:31,280 --> 00:57:33,840
Speaker 18: The politics of it is anything rather than offend. They're

1325
00:57:34,040 --> 00:57:36,680
Speaker 18: soon to be retiring boomers, right, so I think.

1326
00:57:37,120 --> 00:57:40,120
Speaker 2: Liam, I don't want them to touch my pens, and

1327
00:57:40,240 --> 00:57:42,200
Speaker 2: either they could bug it off off. I'm not even

1328
00:57:42,240 --> 00:57:44,800
Speaker 2: the boomer, although maybe I am in my spirit. All Right,

1329
00:57:44,840 --> 00:57:46,680
Speaker 2: we'll take a break. You guys come back to the

1330
00:57:46,720 --> 00:57:48,720
Speaker 2: huddle shortly. Hither The carrots at Pack and Save are

1331
00:57:48,800 --> 00:57:51,720
Speaker 2: so deranged it makes me think of Trump stories. Sixteen

1332
00:57:51,760 --> 00:57:52,560
Speaker 2: away from six.

1333
00:57:53,880 --> 00:57:57,600
Speaker 1: The Huddle with New Zealand Southeby's International Realty, the only

1334
00:57:57,760 --> 00:57:59,440
Speaker 1: truly global brand right.

1335
00:57:59,440 --> 00:58:01,840
Speaker 2: Back with a herd of Liam here and josephccarney. Liam,

1336
00:58:02,240 --> 00:58:04,760
Speaker 2: you will have seen the Taxpayers Union Curier poll about

1337
00:58:04,760 --> 00:58:07,680
Speaker 2: the inflation adjustment on the CGT and then everybody likes it.

1338
00:58:07,960 --> 00:58:09,680
Speaker 2: Do you think label will do that or they just

1339
00:58:09,720 --> 00:58:10,880
Speaker 2: too greedy for the dollars?

1340
00:58:11,680 --> 00:58:14,200
Speaker 18: They definitely won't do it, and don't give them too

1341
00:58:14,240 --> 00:58:18,400
Speaker 18: much credit for that, because national really have missed the

1342
00:58:18,440 --> 00:58:22,320
Speaker 18: trick and a lot of inflation indexing too. The reality

1343
00:58:22,440 --> 00:58:25,160
Speaker 18: is that parties of you know, both political parties, both

1344
00:58:25,200 --> 00:58:28,160
Speaker 18: major little parties, in fact all of them really are

1345
00:58:28,280 --> 00:58:33,800
Speaker 18: just too tempted to gobble up the bounty of inflation.

1346
00:58:34,560 --> 00:58:37,560
Speaker 18: And you know, I'm pretty sure the economics of their

1347
00:58:37,640 --> 00:58:41,000
Speaker 18: labor CG just won't stack up without the inflation adjustments.

1348
00:58:41,120 --> 00:58:45,520
Speaker 18: So just my way in hell that said, it's completely fair.

1349
00:58:45,760 --> 00:58:48,120
Speaker 18: It's it's it's completely fair to to do it. They

1350
00:58:48,120 --> 00:58:50,080
Speaker 18: should be doing it for income tax as well.

1351
00:58:51,000 --> 00:58:52,400
Speaker 2: What's completely fair.

1352
00:58:53,080 --> 00:58:55,120
Speaker 18: It's completely fair to index it for inflation.

1353
00:58:55,280 --> 00:58:57,880
Speaker 5: We should shouldn't be texting.

1354
00:58:57,040 --> 00:59:00,560
Speaker 18: People on what they're real especially for realization based taxes.

1355
00:59:01,160 --> 00:59:05,240
Speaker 18: But that's it's the most fear thing that could possibly

1356
00:59:05,280 --> 00:59:07,800
Speaker 18: have into our tax estent. That's why it's popular across

1357
00:59:07,800 --> 00:59:11,040
Speaker 18: the boards, both for income tax as well. But there's

1358
00:59:11,080 --> 00:59:13,120
Speaker 18: too much money and governments will never give up that

1359
00:59:13,240 --> 00:59:16,680
Speaker 18: ability to easily increase taxes or that he tell anyone.

1360
00:59:16,400 --> 00:59:18,120
Speaker 2: You'd agree that agree with that? Ajos?

1361
00:59:18,880 --> 00:59:21,560
Speaker 17: Well, no, but everybody wants to pay less tax, right,

1362
00:59:21,640 --> 00:59:23,640
Speaker 17: So if you ask people do you think it should

1363
00:59:23,680 --> 00:59:26,280
Speaker 17: be inflation index they'll all say, yes, I want to

1364
00:59:26,320 --> 00:59:28,880
Speaker 17: pay less. And but Liam, you're right that if you're

1365
00:59:28,880 --> 00:59:31,120
Speaker 17: going to do it for capital gains tax, then you

1366
00:59:31,240 --> 00:59:33,560
Speaker 17: have to do it for income tax too and that

1367
00:59:33,800 --> 00:59:35,960
Speaker 17: But the problem then is that we always have a

1368
00:59:36,040 --> 00:59:39,680
Speaker 17: political debate, don't we about fiscal drag and whether or

1369
00:59:39,760 --> 00:59:42,800
Speaker 17: not to let inflation increase your tax take. And so

1370
00:59:42,960 --> 00:59:45,400
Speaker 17: that is a political decision. And I think whether for

1371
00:59:45,520 --> 00:59:49,200
Speaker 17: income tax or for CGT or any tax, you have

1372
00:59:49,360 --> 00:59:51,600
Speaker 17: to you have to make that a political decision. You

1373
00:59:51,640 --> 00:59:56,120
Speaker 17: can't just say we're going to now do inflation indexing

1374
00:59:56,200 --> 00:59:59,320
Speaker 17: for every tax because the tax take would massively drop

1375
00:59:59,680 --> 01:00:01,080
Speaker 17: and then you've got to work out what you're going

1376
01:00:01,120 --> 01:00:01,400
Speaker 17: to cut.

1377
01:00:02,040 --> 01:00:05,040
Speaker 18: One correction, it's not about paying less. It's about paying

1378
01:00:05,160 --> 01:00:07,960
Speaker 18: the same, it's not not wanting to pay more. That's

1379
01:00:07,960 --> 01:00:09,880
Speaker 18: the whole point of the indexation is to keep it

1380
01:00:09,960 --> 01:00:13,080
Speaker 18: real on constant terms. Like the idea that indexation is

1381
01:00:13,120 --> 01:00:15,160
Speaker 18: some kind of tax cut, which is what Labour said

1382
01:00:15,200 --> 01:00:17,200
Speaker 18: in the past, is just wrong. It's just not right

1383
01:00:17,280 --> 01:00:18,560
Speaker 18: in the caves.

1384
01:00:19,000 --> 01:00:21,920
Speaker 17: But there is always a debate, isn't there amongst political

1385
01:00:22,000 --> 01:00:24,320
Speaker 17: parties as to whether or not you're going to let

1386
01:00:24,400 --> 01:00:26,720
Speaker 17: the fiscal drag go on or whether you're going to

1387
01:00:26,920 --> 01:00:29,920
Speaker 17: have sort of bring in the brackets and adjust it.

1388
01:00:30,160 --> 01:00:32,280
Speaker 17: So what I'm saying is that those have to be

1389
01:00:32,520 --> 01:00:35,080
Speaker 17: political discussions and we have to vote on what we

1390
01:00:35,160 --> 01:00:37,480
Speaker 17: want or not. If you make it a law or

1391
01:00:37,560 --> 01:00:40,760
Speaker 17: a rule that you're going to you're going to index

1392
01:00:40,840 --> 01:00:44,480
Speaker 17: every tax to inflation, then you're going to have some

1393
01:00:44,680 --> 01:00:47,320
Speaker 17: massive questions to answer, which is how the hell you're

1394
01:00:47,320 --> 01:00:48,280
Speaker 17: going to pay for stuff now?

1395
01:00:48,320 --> 01:00:50,320
Speaker 5: But it is done elsewhere.

1396
01:00:50,440 --> 01:00:52,720
Speaker 18: It's done the United States, for example, and it's been

1397
01:00:52,760 --> 01:00:56,720
Speaker 18: a game changer for the low tax cause, which is

1398
01:00:56,960 --> 01:01:00,200
Speaker 18: which is probably why if they say it's a political decision.

1399
01:01:01,240 --> 01:01:03,400
Speaker 2: Liam, can you explain why everybody's heading on air in

1400
01:01:03,440 --> 01:01:05,880
Speaker 2: New Zealand this week more.

1401
01:01:07,400 --> 01:01:08,440
Speaker 8: Well, you know, like.

1402
01:01:11,800 --> 01:01:13,280
Speaker 18: You can get Josey to start, Well, I'll get them

1403
01:01:13,280 --> 01:01:13,760
Speaker 18: my thoughts on that.

1404
01:01:13,840 --> 01:01:16,680
Speaker 2: Okay, go Josie. Why is everybody in New Zealand this weekend?

1405
01:01:17,240 --> 01:01:17,680
Speaker 17: Oh God?

1406
01:01:17,720 --> 01:01:18,480
Speaker 11: Where do I start?

1407
01:01:18,680 --> 01:01:22,360
Speaker 17: So the service is bloody awful? I mean you go on.

1408
01:01:22,480 --> 01:01:25,040
Speaker 17: I've had flights canceled and then I've ended up in

1409
01:01:25,160 --> 01:01:28,920
Speaker 17: christ Church instead of Auckland for bloody hours, hours and

1410
01:01:29,000 --> 01:01:31,400
Speaker 17: hours at midnight till three am, and then wait for

1411
01:01:31,520 --> 01:01:34,320
Speaker 17: flight at five am. They lose your bags and then

1412
01:01:34,320 --> 01:01:36,360
Speaker 17: they give you a thirty dollars option. So the service

1413
01:01:36,480 --> 01:01:40,400
Speaker 17: is low budget. The price is so expensive. And but

1414
01:01:40,680 --> 01:01:43,000
Speaker 17: wherever there's a wonderful airline and I'm a great fan

1415
01:01:43,080 --> 01:01:45,040
Speaker 17: of air Chatterms, I have to say, but whether's an

1416
01:01:45,040 --> 01:01:48,880
Speaker 17: air Chatterms or a jet Star competing, especially jets Star,

1417
01:01:49,200 --> 01:01:52,240
Speaker 17: then suddenly as prices go down, so I just feel

1418
01:01:52,280 --> 01:01:54,800
Speaker 17: like they're taking us for a ride and they're going

1419
01:01:54,840 --> 01:01:57,000
Speaker 17: to it's going to hurt them because if you get

1420
01:01:57,080 --> 01:02:00,800
Speaker 17: more players coming in air chatams grow it Star starts

1421
01:02:00,840 --> 01:02:04,040
Speaker 17: to take up more customers than they're going to.

1422
01:02:04,040 --> 01:02:06,280
Speaker 2: Be in Trusbling, Liam, do you fly the Orange Bird?

1423
01:02:06,360 --> 01:02:06,520
Speaker 11: Yes?

1424
01:02:07,880 --> 01:02:11,160
Speaker 2: Not yes, I mean I'm about too though. How far

1425
01:02:11,280 --> 01:02:12,800
Speaker 2: away are you from flying the Orange Bird?

1426
01:02:13,800 --> 01:02:17,560
Speaker 18: Well, we don't have I've never had too many issues

1427
01:02:17,560 --> 01:02:20,200
Speaker 18: personally with the New Zealand. It might because palstof airports

1428
01:02:20,240 --> 01:02:23,040
Speaker 18: so excellent that you know, like it's they never really

1429
01:02:23,080 --> 01:02:25,840
Speaker 18: ever have any problems. But the but the issue was

1430
01:02:25,960 --> 01:02:28,280
Speaker 18: this year is I think what's sort of frustrating to

1431
01:02:28,360 --> 01:02:31,320
Speaker 18: me is that it's exactly what Josie said about, you know,

1432
01:02:31,400 --> 01:02:34,480
Speaker 18: the need when this competition they they up their game

1433
01:02:34,520 --> 01:02:37,640
Speaker 18: and they reduce their prices until that competition is driven

1434
01:02:37,680 --> 01:02:39,880
Speaker 18: out of the you know, it's like this natural monopoly

1435
01:02:40,480 --> 01:02:43,080
Speaker 18: that that you know, you know, only ever periodically you

1436
01:02:43,160 --> 01:02:46,320
Speaker 18: have good airline service because it's only depends on whether

1437
01:02:46,400 --> 01:02:47,640
Speaker 18: or not they're trying to drive someone.

1438
01:02:47,480 --> 01:02:47,840
Speaker 1: Out or not.

1439
01:02:48,040 --> 01:02:49,920
Speaker 18: So I think, you know, there's a sort of structure

1440
01:02:49,960 --> 01:02:50,640
Speaker 18: all there that has to.

1441
01:02:50,640 --> 01:02:51,120
Speaker 3: Be looked at.

1442
01:02:51,680 --> 01:02:54,480
Speaker 17: Can I say one thing, Heather. They're also changing that

1443
01:02:54,760 --> 01:02:57,320
Speaker 17: the miles frequent mild plans and so you can't get

1444
01:02:57,320 --> 01:02:59,760
Speaker 17: into the current club anymore by flying lots. I have

1445
01:03:00,240 --> 01:03:02,280
Speaker 17: years I've literally brought my kids up in the Corow

1446
01:03:02,360 --> 01:03:05,400
Speaker 17: clubs who hoover the free food, but the all blacks

1447
01:03:05,400 --> 01:03:08,440
Speaker 17: for autographs. That's stealing that away from us. Now it's

1448
01:03:08,480 --> 01:03:10,640
Speaker 17: gonna make it harder, not fair.

1449
01:03:10,960 --> 01:03:14,120
Speaker 2: I know everything, everything good. First they took the newspapers,

1450
01:03:14,160 --> 01:03:15,840
Speaker 2: then they took the cups that you could take on

1451
01:03:15,920 --> 01:03:18,680
Speaker 2: the plane. Now they're taking the Cora club away all together. Guys,

1452
01:03:18,760 --> 01:03:21,560
Speaker 2: thanks very much appreciated. JOSEPHGANI Liam here, I huddle eight

1453
01:03:21,600 --> 01:03:22,200
Speaker 2: away from six.

1454
01:03:23,560 --> 01:03:26,960
Speaker 1: It's the Heather Duplessy Allen Drive Full Show podcast on

1455
01:03:27,280 --> 01:03:29,920
Speaker 1: my Heart Radio powered by News Talk zeb.

1456
01:03:32,440 --> 01:03:35,280
Speaker 2: Hey Nicholas with us Nichola Willis obviously after six o'clock.

1457
01:03:35,360 --> 01:03:35,440
Speaker 12: Now.

1458
01:03:35,760 --> 01:03:38,560
Speaker 2: Interesting Apparently Nichola Willis has started to ask the public

1459
01:03:38,640 --> 01:03:41,440
Speaker 2: sector bosses to start finding savings again ahead of the budget.

1460
01:03:41,560 --> 01:03:43,800
Speaker 2: But interesting twisters they've done this. This is the third

1461
01:03:43,880 --> 01:03:47,720
Speaker 2: ye in a row. Interesting twist. David Seymour's not involved

1462
01:03:47,800 --> 01:03:51,440
Speaker 2: this time. And I want to know who decided. Did

1463
01:03:51,480 --> 01:03:53,120
Speaker 2: he say, bugger off, I don't want to be part

1464
01:03:53,120 --> 01:03:55,000
Speaker 2: of it, or did she say I don't want like

1465
01:03:55,080 --> 01:03:57,240
Speaker 2: hoo broke up with her here anyway, we'll ask her

1466
01:03:57,280 --> 01:04:00,880
Speaker 2: about that. And just to take I don't know how

1467
01:04:00,960 --> 01:04:03,680
Speaker 2: to tell you about this thing. I read something this

1468
01:04:03,840 --> 01:04:08,800
Speaker 2: morning that was so god awful it's honestly one of

1469
01:04:08,880 --> 01:04:13,120
Speaker 2: the worst things I've ever read in my life. It

1470
01:04:13,320 --> 01:04:16,240
Speaker 2: promised to be good. It's a subject I'm particularly interested in.

1471
01:04:16,760 --> 01:04:18,440
Speaker 2: It was called A Day in the Life of the

1472
01:04:18,480 --> 01:04:22,080
Speaker 2: New Zealand MP attending COP thirty in Brazil, so I thought, oh,

1473
01:04:22,120 --> 01:04:25,720
Speaker 2: that'll be are copy coite. No, it's no, there's nothing

1474
01:04:25,760 --> 01:04:30,400
Speaker 2: interesting about it. It's written by Francisco Hernandez, a Green MP.

1475
01:04:30,640 --> 01:04:33,880
Speaker 2: It's literally like he's really gone hard on it. It

1476
01:04:33,960 --> 01:04:37,960
Speaker 2: starts like this, six hundred hours to seven thirty, so

1477
01:04:38,520 --> 01:04:40,600
Speaker 2: he's got in blocks of one and a half hours,

1478
01:04:40,600 --> 01:04:42,520
Speaker 2: so from six am to seven thirty. This is how

1479
01:04:42,560 --> 01:04:48,200
Speaker 2: it starts. I got up in the morning. Of course,

1480
01:04:48,240 --> 01:04:50,440
Speaker 2: you got up in the morning, you idiot. Everybody did.

1481
01:04:50,840 --> 01:04:53,800
Speaker 2: I got up in the morning as usual and followed

1482
01:04:53,840 --> 01:04:57,600
Speaker 2: my normal morning routine, first checking my emails and the

1483
01:04:57,640 --> 01:05:00,760
Speaker 2: billion signal. I am not joking. This is how we

1484
01:05:00,840 --> 01:05:04,480
Speaker 2: started it. This morning I signed off on some constituency

1485
01:05:04,560 --> 01:05:06,200
Speaker 2: work that I had been going back and forth with

1486
01:05:06,280 --> 01:05:08,840
Speaker 2: my adviser on and I triached, no, we don't care,

1487
01:05:09,320 --> 01:05:15,840
Speaker 2: we don't care. Then I went off and had a shower. Mate,

1488
01:05:15,920 --> 01:05:18,600
Speaker 2: we don't do I think he's missed a brief like,

1489
01:05:19,160 --> 01:05:21,040
Speaker 2: is this a sense of humor? I don't get it,

1490
01:05:21,920 --> 01:05:23,960
Speaker 2: because I hope you had a shower. You don't have

1491
01:05:24,040 --> 01:05:26,600
Speaker 2: to tell me you had a shower totally cold water,

1492
01:05:27,000 --> 01:05:29,840
Speaker 2: not even a tidy but hot or cold. Unlike at home,

1493
01:05:30,400 --> 01:05:32,400
Speaker 2: we know that it's hot cold. We know it's warm

1494
01:05:32,480 --> 01:05:34,919
Speaker 2: at home. We have showers at home. I made sure

1495
01:05:34,960 --> 01:05:39,120
Speaker 2: I had all the things I needed for cop powerbank, USB, cable, laptop,

1496
01:05:39,360 --> 01:05:44,200
Speaker 2: water bottle. Honestly, even his toothbrush. It's just eight forty

1497
01:05:44,280 --> 01:05:48,040
Speaker 2: five to ten. I finally went inside and went through

1498
01:05:48,120 --> 01:05:51,040
Speaker 2: the last security checkpoint where they do a body and

1499
01:05:51,160 --> 01:05:53,760
Speaker 2: baggage scan. This is honestly, it just goes through the

1500
01:05:53,960 --> 01:05:55,920
Speaker 2: entire Thank god he wraps to say it for it

1501
01:05:56,040 --> 01:05:58,120
Speaker 2: four pm, because I don't think I could have gone

1502
01:05:58,200 --> 01:06:02,200
Speaker 2: much longer. Anyway, I'd love to see the readership numbers.

1503
01:06:02,640 --> 01:06:05,880
Speaker 2: It'd be so bad. It's the worst thing I've ever read. Anyway,

1504
01:06:05,920 --> 01:06:08,000
Speaker 2: there is something interesting. I'll get to it SHORTLYNG.

1505
01:06:11,640 --> 01:06:15,480
Speaker 1: What We're business Who meets Insight the Business Hour with

1506
01:06:15,640 --> 01:06:19,800
Speaker 1: Heather Duplessy Allen and Mass Motor Vehicle Insurance, Your futures

1507
01:06:20,000 --> 01:06:20,960
Speaker 1: in good Hands?

1508
01:06:21,280 --> 01:06:22,160
Speaker 3: News talks that be.

1509
01:06:24,680 --> 01:06:26,800
Speaker 2: Evening coming up to the next hour, Simon Bridges, the

1510
01:06:26,840 --> 01:06:29,360
Speaker 2: Auckland Chamber boss, on the Green shoots that he's seeing,

1511
01:06:29,560 --> 01:06:32,000
Speaker 2: Shane Soley on what to expect from the Reserve Bank

1512
01:06:32,040 --> 01:06:34,640
Speaker 2: on Wednesday, Probably a cut and also get you back

1513
01:06:34,640 --> 01:06:37,160
Speaker 2: to that Green MP's weird diary over in Brazil at

1514
01:06:37,240 --> 01:06:39,720
Speaker 2: seven past six with us Now is Nikola Willis the

1515
01:06:39,760 --> 01:06:43,080
Speaker 2: Finance Minister. Hi, Nikola, Hi, Ever, now is it true

1516
01:06:43,120 --> 01:06:45,400
Speaker 2: that you've asked the public service bosses to find savings

1517
01:06:45,440 --> 01:06:46,120
Speaker 2: ahead of the budget.

1518
01:06:46,160 --> 01:06:50,360
Speaker 11: Again, I've been telling the public service bosses and ministers

1519
01:06:50,520 --> 01:06:53,880
Speaker 11: to find savings every day since we came into government.

1520
01:06:54,080 --> 01:06:57,880
Speaker 11: My message has been consistent, which is you should always

1521
01:06:57,960 --> 01:07:01,600
Speaker 11: be looking for efficiencies, ways of doing things better and

1522
01:07:01,720 --> 01:07:05,000
Speaker 11: more effectively, finding dollars that are tied up in the

1523
01:07:05,080 --> 01:07:07,320
Speaker 11: back office that could be put into the front line

1524
01:07:07,360 --> 01:07:10,360
Speaker 11: for KIWIS. That's been a perpetual mission Arge.

1525
01:07:11,080 --> 01:07:12,840
Speaker 2: So no renewed push ahead of the budget.

1526
01:07:13,760 --> 01:07:15,800
Speaker 11: Well, we're always pushing for it, and of course part

1527
01:07:15,840 --> 01:07:18,000
Speaker 11: of the budget is that we want to fund additional

1528
01:07:18,080 --> 01:07:21,160
Speaker 11: services for KIWIS, whether that's more funding for schools, more

1529
01:07:21,200 --> 01:07:24,360
Speaker 11: funding for hospitals, and so we're always saying to public servants.

1530
01:07:24,800 --> 01:07:26,920
Speaker 11: The more you find us in savings, the more we

1531
01:07:27,040 --> 01:07:28,120
Speaker 11: can put into those things.

1532
01:07:28,280 --> 01:07:30,320
Speaker 2: So the hardest part of the budget of how much

1533
01:07:30,360 --> 01:07:31,000
Speaker 2: you want them to find.

1534
01:07:32,160 --> 01:07:34,040
Speaker 11: Well, when I go into the budget, I've always got

1535
01:07:34,160 --> 01:07:36,280
Speaker 11: two tallies. On one side, I've got the telly of

1536
01:07:36,520 --> 01:07:38,880
Speaker 11: all of the things I want to do and that

1537
01:07:39,000 --> 01:07:41,360
Speaker 11: I want to fund that I think that I would

1538
01:07:41,360 --> 01:07:43,680
Speaker 11: be in our aspiration. And then on the other telly,

1539
01:07:43,760 --> 01:07:45,840
Speaker 11: I've got what are the dollars I can put towards

1540
01:07:45,920 --> 01:07:49,760
Speaker 11: that without blowing out the debt and the spending. And

1541
01:07:50,120 --> 01:07:53,560
Speaker 11: so how much we do depends on how much we save,

1542
01:07:53,720 --> 01:07:55,680
Speaker 11: and how much we save depends on how much we do.

1543
01:07:55,800 --> 01:07:56,920
Speaker 11: So it's an iterative process.

1544
01:07:56,920 --> 01:07:59,360
Speaker 2: Okay, So why is David Seymour not involved this year

1545
01:07:59,400 --> 01:07:59,920
Speaker 2: for the first time?

1546
01:08:00,760 --> 01:08:03,440
Speaker 11: Oh, he is involved. That article missed the fact that

1547
01:08:03,520 --> 01:08:08,880
Speaker 11: he is one of the budget ministers. Well, he is

1548
01:08:08,920 --> 01:08:10,720
Speaker 11: a budget minister, and have him on the show. He'll

1549
01:08:10,760 --> 01:08:12,680
Speaker 11: confirm for you that we've already had budget in.

1550
01:08:12,720 --> 01:08:15,200
Speaker 2: The tle that he is not involved in the cost savings.

1551
01:08:15,360 --> 01:08:18,960
Speaker 11: He doesn't. What he means is he doesn't have a

1552
01:08:19,040 --> 01:08:24,000
Speaker 11: specific delegation to go off and do an independent savings exercise.

1553
01:08:24,080 --> 01:08:27,160
Speaker 11: Which was something we specifically did in last year's budget.

1554
01:08:27,439 --> 01:08:29,760
Speaker 11: He doesn't have that, but I tell you, across his

1555
01:08:29,920 --> 01:08:34,360
Speaker 11: portfolios and across his ministers and the act party's portfolios,

1556
01:08:34,720 --> 01:08:36,000
Speaker 11: I have no doubt they'll be doing that.

1557
01:08:36,160 --> 01:08:38,000
Speaker 2: Why doesn't he have a specific job this time?

1558
01:08:39,280 --> 01:08:42,439
Speaker 11: Because we're running the process from the center. He supports

1559
01:08:42,520 --> 01:08:45,040
Speaker 11: me in that process. I call him my fiscal friend.

1560
01:08:45,040 --> 01:08:48,000
Speaker 2: Because he so Have you asked him not to help

1561
01:08:48,040 --> 01:08:48,400
Speaker 2: this time?

1562
01:08:49,600 --> 01:08:51,479
Speaker 11: Well, no, it's just that last time I asked him

1563
01:08:51,479 --> 01:08:54,360
Speaker 11: to lead a specific exercise, and this year I haven't

1564
01:08:54,400 --> 01:08:54,840
Speaker 11: repeated that.

1565
01:08:55,040 --> 01:08:57,000
Speaker 2: Is it true that he found three billion dollars worth

1566
01:08:57,040 --> 01:08:59,479
Speaker 2: of savings last time? But then all the ministers vetoed

1567
01:08:59,560 --> 01:09:01,320
Speaker 2: it and it don't ended up as only being one

1568
01:09:01,439 --> 01:09:02,360
Speaker 2: hundred and fifteen million.

1569
01:09:03,080 --> 01:09:04,599
Speaker 11: I wouldn't characterize it that way.

1570
01:09:04,800 --> 01:09:07,400
Speaker 2: No, well I would, And is it true?

1571
01:09:08,720 --> 01:09:11,040
Speaker 11: Well I wouldn't characterize it that way. How would you

1572
01:09:11,200 --> 01:09:13,760
Speaker 11: characterizers that were put Well, some of the proposals that

1573
01:09:13,880 --> 01:09:18,160
Speaker 11: were put for directly contradicted commitments from various political parties

1574
01:09:19,240 --> 01:09:23,400
Speaker 11: or were things that would undermine initiatives that we had elsewhere.

1575
01:09:23,520 --> 01:09:28,280
Speaker 11: So I don't think we're actionable. Yeah think that, Yeah,

1576
01:09:29,200 --> 01:09:30,360
Speaker 11: I don't want to. I don't want to get into

1577
01:09:30,360 --> 01:09:32,479
Speaker 11: a tip for tat as I say, we're working together

1578
01:09:32,800 --> 01:09:33,960
Speaker 11: to deliver a good Is he.

1579
01:09:34,000 --> 01:09:36,439
Speaker 2: Doing a lot of testing at the moment? Is he Nikola?

1580
01:09:36,680 --> 01:09:38,880
Speaker 11: It feels like no, No, I don't. I don't think

1581
01:09:38,880 --> 01:09:40,920
Speaker 11: he is. But I think generalists like you like to

1582
01:09:41,000 --> 01:09:43,560
Speaker 11: invite people like me to say things that can be

1583
01:09:43,640 --> 01:09:46,160
Speaker 11: taken out of context and characterized that way. We're working

1584
01:09:46,240 --> 01:09:48,560
Speaker 11: together on the budget, we have shared objectives.

1585
01:09:49,400 --> 01:09:51,640
Speaker 2: Now what is going on with Simon Watts? Is he

1586
01:09:51,880 --> 01:09:54,040
Speaker 2: or is he not? Because he has said both ways

1587
01:09:54,080 --> 01:09:56,080
Speaker 2: and I am so confused. Now is he? Is he

1588
01:09:56,280 --> 01:09:59,920
Speaker 2: not going to buy offshore carbon credits? He's not going

1589
01:10:00,120 --> 01:10:02,080
Speaker 2: to do so why is he setting up the mechanism

1590
01:10:02,160 --> 01:10:02,439
Speaker 2: to do it?

1591
01:10:04,280 --> 01:10:07,640
Speaker 11: Well, as you know, good old James Shaw signed us

1592
01:10:07,800 --> 01:10:12,559
Speaker 11: up to this NDC commitment so that it goes above

1593
01:10:12,640 --> 01:10:17,000
Speaker 11: and beyond our domestic emission reduction targets, and we've got

1594
01:10:17,040 --> 01:10:20,479
Speaker 11: a commitment there. So he's exploring, well, what are the

1595
01:10:20,560 --> 01:10:24,040
Speaker 11: ways that we could meet that commitment? But the reality

1596
01:10:24,160 --> 01:10:27,280
Speaker 11: is we're not going to be buying overseas carbon credits.

1597
01:10:27,360 --> 01:10:28,960
Speaker 11: That won't be how we do it. We're not telling

1598
01:10:29,280 --> 01:10:30,519
Speaker 11: billions of dollars offshore.

1599
01:10:30,680 --> 01:10:32,759
Speaker 2: Okay, so are you telling me that when he tells

1600
01:10:32,840 --> 01:10:36,160
Speaker 2: newsroom that he is prepared to pull the trigger on

1601
01:10:36,280 --> 01:10:39,200
Speaker 2: buying those credits and he has mechanisms and deals in

1602
01:10:39,280 --> 01:10:41,519
Speaker 2: place that would allow him to do that, he's just

1603
01:10:41,600 --> 01:10:42,240
Speaker 2: playing pretend.

1604
01:10:42,920 --> 01:10:45,680
Speaker 11: Well, the mechanisms that he's talking about are things like

1605
01:10:45,800 --> 01:10:48,040
Speaker 11: the fact that New Zealand has a lot of technology

1606
01:10:48,400 --> 01:10:51,759
Speaker 11: that is heading towards being commercialized that could be valuable

1607
01:10:51,800 --> 01:10:56,080
Speaker 11: for New Zealand domestically but also internationally. He's talking about

1608
01:10:56,160 --> 01:10:58,400
Speaker 11: the fact that, of course we do work with our

1609
01:10:58,600 --> 01:11:03,880
Speaker 11: Pacific partners and particular on client climate adaptation projects and

1610
01:11:04,040 --> 01:11:07,400
Speaker 11: other assistants with them and their emissions. So there are

1611
01:11:07,560 --> 01:11:11,000
Speaker 11: things that we contribute internationally already and are likely to

1612
01:11:11,160 --> 01:11:14,479
Speaker 11: contribute in future. And I think he's just looking at

1613
01:11:14,520 --> 01:11:17,000
Speaker 11: what are all the ways that we can consider our grosth.

1614
01:11:16,800 --> 01:11:17,439
Speaker 15: No, no, no, no, no no.

1615
01:11:18,600 --> 01:11:20,920
Speaker 2: He is very clear in this that he is talking

1616
01:11:21,000 --> 01:11:24,720
Speaker 2: about buying from other countries carbon credits, right, So if

1617
01:11:24,800 --> 01:11:26,439
Speaker 2: we're not going to do it, then why is he

1618
01:11:26,600 --> 01:11:27,960
Speaker 2: Why is he preparing those deals?

1619
01:11:29,200 --> 01:11:30,760
Speaker 11: Well, Lock, you'll have to talk to him about that,

1620
01:11:30,960 --> 01:11:32,080
Speaker 11: but we're not seending.

1621
01:11:31,840 --> 01:11:34,640
Speaker 2: All money dollars finance ministers. So why is he doing this?

1622
01:11:35,280 --> 01:11:36,560
Speaker 11: Well, you've heard what I've got to say on it,

1623
01:11:36,640 --> 01:11:39,080
Speaker 11: don't you. We will not be sending billions of dollars

1624
01:11:39,240 --> 01:11:40,320
Speaker 11: offshore to buy.

1625
01:11:40,280 --> 01:11:42,760
Speaker 2: Cap So then why is a minister wasting his time

1626
01:11:42,880 --> 01:11:44,240
Speaker 2: doing this? Is he playing pretend?

1627
01:11:45,920 --> 01:11:48,240
Speaker 11: Well, I think he's making sure that he has a

1628
01:11:48,320 --> 01:11:51,519
Speaker 11: set of options available for the Cabinet and for us

1629
01:11:51,600 --> 01:11:53,840
Speaker 11: to deliberate on. But it's not just me saying we're

1630
01:11:53,880 --> 01:11:56,160
Speaker 11: not sending billions of dollars off shore. The Prime Minister

1631
01:11:56,320 --> 01:11:57,599
Speaker 11: is you know how this looks?

1632
01:11:57,640 --> 01:12:00,160
Speaker 2: I mean basically what it is is if you there

1633
01:12:00,160 --> 01:12:02,599
Speaker 2: will be people who want you to buy those credits,

1634
01:12:02,600 --> 01:12:04,400
Speaker 2: who are going to be like, yay, the government's doing it.

1635
01:12:04,720 --> 01:12:06,320
Speaker 2: And what it does is for people like me who

1636
01:12:06,360 --> 01:12:08,360
Speaker 2: don't want you to send twenty four billion dollars off shore,

1637
01:12:08,360 --> 01:12:10,080
Speaker 2: it freaks us out because it looks like you're doing it.

1638
01:12:11,720 --> 01:12:13,640
Speaker 11: Well, look, I think, as I say, he's looking at

1639
01:12:13,680 --> 01:12:16,120
Speaker 11: a number of mechanisms, some of which might be technology

1640
01:12:16,240 --> 01:12:18,439
Speaker 11: transfer in others and he's looking at what the option.

1641
01:12:18,280 --> 01:12:21,280
Speaker 2: Isn't this part of the problem with your government at

1642
01:12:21,320 --> 01:12:23,360
Speaker 2: the moment is that you guys are playing both sides

1643
01:12:23,439 --> 01:12:26,320
Speaker 2: instead of just being really clear about what you're actually doing.

1644
01:12:27,200 --> 01:12:30,080
Speaker 11: How much clearer can I be? And can the Prime

1645
01:12:30,120 --> 01:12:33,639
Speaker 11: Minister be that we are not sending billions?

1646
01:12:33,720 --> 01:12:36,640
Speaker 2: Yeah, that's cause you're saying but can you see the

1647
01:12:36,680 --> 01:12:39,200
Speaker 2: problem for the rest of us. You're saying that while

1648
01:12:39,240 --> 01:12:42,160
Speaker 2: your minister strikes up deals that allows you to potentially

1649
01:12:42,280 --> 01:12:42,479
Speaker 2: do it.

1650
01:12:43,520 --> 01:12:47,479
Speaker 11: Well, I think it's you have to Simon Watts to

1651
01:12:47,600 --> 01:12:50,479
Speaker 11: get well. I think Simon Watts is the right person

1652
01:12:51,080 --> 01:12:54,360
Speaker 11: to characterize his comments and give you a detailed response

1653
01:12:54,439 --> 01:12:56,639
Speaker 11: on that. I'm not going to get inside his mind

1654
01:12:56,720 --> 01:12:59,519
Speaker 11: and start giving you answers. He will have something to

1655
01:12:59,560 --> 01:13:02,120
Speaker 11: say on it, so I think talk to him about it.

1656
01:13:02,520 --> 01:13:06,400
Speaker 2: We'll get him on Now. Is Winston getting ready to

1657
01:13:06,479 --> 01:13:08,160
Speaker 2: play you guys off against each other?

1658
01:13:08,400 --> 01:13:11,960
Speaker 11: You guys against No, that's not my sense at all.

1659
01:13:13,080 --> 01:13:17,160
Speaker 11: I actually, when I look at what he's doing, he's

1660
01:13:17,200 --> 01:13:20,880
Speaker 11: looking at a week Labor party who are putting forward

1661
01:13:21,000 --> 01:13:24,360
Speaker 11: silly policies like additional tax, have a pretty weak team,

1662
01:13:24,840 --> 01:13:27,760
Speaker 11: and he's thinking about all of the votes he can

1663
01:13:27,880 --> 01:13:28,720
Speaker 11: steal from them.

1664
01:13:29,120 --> 01:13:32,519
Speaker 2: Okay, And do you think that in the end your

1665
01:13:32,680 --> 01:13:37,439
Speaker 2: national colleagues will choose Chris Luxon over Chris Bishop. Yes,

1666
01:13:38,120 --> 01:13:39,120
Speaker 2: what makes you so sure?

1667
01:13:40,280 --> 01:13:45,400
Speaker 11: Well, we've got a prime minister who is delivering significant reform,

1668
01:13:45,800 --> 01:13:50,760
Speaker 11: has excellent ministers, delivering the policies that National campaigned on

1669
01:13:51,120 --> 01:13:54,800
Speaker 11: and working towards the vision that our members believe in,

1670
01:13:55,000 --> 01:13:58,479
Speaker 11: that our candidates believe in, that our MP's believe in,

1671
01:13:59,400 --> 01:14:03,280
Speaker 11: and our MP's value his leadership and want to win

1672
01:14:03,760 --> 01:14:04,679
Speaker 11: the next election.

1673
01:14:05,080 --> 01:14:07,320
Speaker 2: Has somebody sat down with Bish and gone, mate, what's

1674
01:14:07,360 --> 01:14:07,880
Speaker 2: going on here?

1675
01:14:09,920 --> 01:14:10,120
Speaker 8: Well?

1676
01:14:10,400 --> 01:14:15,040
Speaker 11: Look, I think Christopher Bishop is an extremely important part

1677
01:14:15,200 --> 01:14:18,799
Speaker 11: of the National Party team. He is our campaign manager.

1678
01:14:19,400 --> 01:14:21,720
Speaker 11: He is the person driving what I think will be

1679
01:14:21,800 --> 01:14:25,240
Speaker 11: the most significant economic reform of this government, which is

1680
01:14:25,439 --> 01:14:29,439
Speaker 11: replacing the Resource Management Act. He will vary shortly announce

1681
01:14:29,520 --> 01:14:34,960
Speaker 11: an overhaul of regional government and streamline.

1682
01:14:35,080 --> 01:14:37,040
Speaker 2: Has anyone sat down with him and going what's up?

1683
01:14:37,880 --> 01:14:39,960
Speaker 11: Well, look, I sit down with Chris Bishop all the time.

1684
01:14:40,040 --> 01:14:41,280
Speaker 11: I talked to him all the time. I don't have

1685
01:14:41,600 --> 01:14:44,080
Speaker 11: secret to anyone who land that he's going on here.

1686
01:14:44,280 --> 01:14:46,639
Speaker 2: With all the rumors about you you launching the coup.

1687
01:14:47,520 --> 01:14:50,600
Speaker 11: Well, I think we all agree that you guys in

1688
01:14:50,640 --> 01:14:53,080
Speaker 11: the media, I don't like to put you all under

1689
01:14:53,080 --> 01:14:53,559
Speaker 11: the same brand.

1690
01:14:53,560 --> 01:14:53,840
Speaker 2: Welcome.

1691
01:14:54,040 --> 01:14:57,360
Speaker 11: The truth is you have been having this debate with

1692
01:14:57,479 --> 01:15:01,240
Speaker 11: yourselves four years now, every a few months the same thing.

1693
01:15:01,360 --> 01:15:03,360
Speaker 11: Let's have a little discussion about whether or not all

1694
01:15:03,439 --> 01:15:07,240
Speaker 11: as well in the National Party camp. Let's read what

1695
01:15:08,680 --> 01:15:09,559
Speaker 11: connected together?

1696
01:15:09,800 --> 01:15:12,759
Speaker 2: Your prime minister is like the most unpopular prime minister

1697
01:15:12,880 --> 01:15:14,200
Speaker 2: in modern history. That's why.

1698
01:15:14,360 --> 01:15:18,040
Speaker 11: Do you know what matters? What matters is leadership, strength, conviction,

1699
01:15:18,400 --> 01:15:21,360
Speaker 11: clarity in popularity, that's nice to have, but it's not

1700
01:15:21,439 --> 01:15:23,440
Speaker 11: a censure. I tell you she had lots of popularity.

1701
01:15:23,720 --> 01:15:26,040
Speaker 11: Her name was just Cinda R. Deurn and what she

1702
01:15:26,200 --> 01:15:29,640
Speaker 11: delivered for the country was an absolute mess. So I

1703
01:15:29,720 --> 01:15:31,760
Speaker 11: look for a bit more than popularity in my prod.

1704
01:15:31,800 --> 01:15:34,799
Speaker 2: Mister Nichola, thanks for your time. Appreciate it. Nikola willis

1705
01:15:34,840 --> 01:15:38,160
Speaker 2: the Finance Minister. Oh, by the way, we get we'll

1706
01:15:38,160 --> 01:15:39,720
Speaker 2: come back to what Nichola had to say there. By

1707
01:15:39,760 --> 01:15:42,080
Speaker 2: the way, Pauline Hanson has just broken has just won

1708
01:15:42,479 --> 01:15:45,759
Speaker 2: a war of Burker again Warner Burker in the Senate.

1709
01:15:45,800 --> 01:15:47,560
Speaker 2: It's the second time she's done it. Obviously did it

1710
01:15:47,600 --> 01:15:49,760
Speaker 2: back in twenty seventeen she was denied leave by the

1711
01:15:49,800 --> 01:15:51,599
Speaker 2: government to table a bill to have Burker's in full

1712
01:15:51,640 --> 01:15:53,960
Speaker 2: face coverings band in Australia, so she chucked it on again.

1713
01:15:54,200 --> 01:15:55,120
Speaker 2: Seventeen past six.

1714
01:15:56,400 --> 01:15:59,760
Speaker 1: It's the Heather Dupas Allen Drive Full Show podcast on

1715
01:16:00,120 --> 01:16:02,479
Speaker 1: my Heart Radio powered by Newstalks EBB.

1716
01:16:04,560 --> 01:16:06,919
Speaker 3: Approaching the numbers and getting the results.

1717
01:16:07,160 --> 01:16:10,639
Speaker 1: Let's Heather Dupless Allen on the Business Hour with MAS

1718
01:16:10,720 --> 01:16:11,879
Speaker 1: Motor Vehicle Insurance.

1719
01:16:12,120 --> 01:16:15,040
Speaker 3: Your Futures in good Hands used talks EDB.

1720
01:16:15,400 --> 01:16:17,559
Speaker 2: Heather gets Simon Watts on. We're going to get someone

1721
01:16:17,600 --> 01:16:19,840
Speaker 2: what so we'll ask Simon's got a big day tomorrow.

1722
01:16:19,920 --> 01:16:21,519
Speaker 2: We know he's got a very big day, but we'll

1723
01:16:21,560 --> 01:16:23,000
Speaker 2: ask him on and see if maybe he can fit

1724
01:16:23,040 --> 01:16:24,720
Speaker 2: this into his very big day. And if we do it,

1725
01:16:24,800 --> 01:16:26,320
Speaker 2: we'll try and do it around this time, maybe six

1726
01:16:26,439 --> 01:16:28,840
Speaker 2: thirty or something, So stay tuned for that. I'll you

1727
01:16:28,880 --> 01:16:30,400
Speaker 2: will have noticed it. Did you notice the thing that

1728
01:16:30,560 --> 01:16:33,559
Speaker 2: just happened? I asked Nikoler if anybody spoken to Bish

1729
01:16:33,600 --> 01:16:36,960
Speaker 2: about it? And I ask three times and she wouldn't answer.

1730
01:16:37,479 --> 01:16:39,680
Speaker 2: So we're none the wiser as to anyone as to

1731
01:16:39,720 --> 01:16:41,560
Speaker 2: whether anyone's spoken to Bish about it. But why she

1732
01:16:41,600 --> 01:16:43,120
Speaker 2: didn't want to answer that question, I guess you just

1733
01:16:43,200 --> 01:16:45,240
Speaker 2: have to fill in the blank. Yourself twenty past six,

1734
01:16:45,320 --> 01:16:48,439
Speaker 2: Shane solely harbor asset managements with us. Hello Shane, you

1735
01:16:48,920 --> 01:16:51,160
Speaker 2: so what are the markets expecting from the Reserve Bank

1736
01:16:51,200 --> 01:16:51,880
Speaker 2: in a couple of days?

1737
01:16:52,640 --> 01:16:54,800
Speaker 13: Yeah, so, look, the market's fully fat. Get in a

1738
01:16:55,200 --> 01:16:58,519
Speaker 13: zero point twenty five cut in rates, so take us

1739
01:16:58,520 --> 01:17:01,240
Speaker 13: to two twenty five is official sh rate. In fact,

1740
01:17:01,320 --> 01:17:03,880
Speaker 13: it's priced in MI zero point two seven to two

1741
01:17:03,920 --> 01:17:06,120
Speaker 13: twenty three of them. It's just the market's getting a

1742
01:17:06,160 --> 01:17:08,360
Speaker 13: little bit of ha themselves. Maybe the main focus here

1743
01:17:08,360 --> 01:17:10,519
Speaker 13: there will be on how much the Reserve Bank of

1744
01:17:10,560 --> 01:17:13,880
Speaker 13: New Zealand signals the possibility of further cuts. Does it

1745
01:17:13,960 --> 01:17:16,960
Speaker 13: come out is just another round of cuts given inflations

1746
01:17:17,320 --> 01:17:20,720
Speaker 13: stable but unemployment growth is still modest, or does it

1747
01:17:20,760 --> 01:17:23,439
Speaker 13: actually indicate that using cycle is over or close to

1748
01:17:23,600 --> 01:17:26,880
Speaker 13: over Tuesday and let the cuts do the job of

1749
01:17:27,000 --> 01:17:29,799
Speaker 13: really picking up the economy after quite a chunky series

1750
01:17:29,840 --> 01:17:32,680
Speaker 13: of cuts of the last year or so. One thing

1751
01:17:32,760 --> 01:17:34,280
Speaker 13: here that we need to keep watching for is this

1752
01:17:34,479 --> 01:17:36,640
Speaker 13: the New Zealand doll It's pretty weak when near a

1753
01:17:36,680 --> 01:17:39,439
Speaker 13: five year fifty six cents roughly against the US dollar.

1754
01:17:40,000 --> 01:17:41,760
Speaker 13: That's doing a lot of the work for the Reserve Bank.

1755
01:17:41,920 --> 01:17:44,479
Speaker 13: So yeah, when we look forward to market's actually pricing,

1756
01:17:44,520 --> 01:17:46,400
Speaker 13: and the official cash rates had a low of two

1757
01:17:46,400 --> 01:17:49,960
Speaker 13: point one percent in May twenty twenty six, so market

1758
01:17:50,040 --> 01:17:51,720
Speaker 13: thinks there's going to be more rate cuts. That'll be

1759
01:17:51,760 --> 01:17:53,800
Speaker 13: the interesting part of the discussion.

1760
01:17:54,320 --> 01:17:57,200
Speaker 2: Now we're about halfway through the current company reporting season

1761
01:17:57,240 --> 01:17:58,800
Speaker 2: here in New Zealand. Is the tone getting a little

1762
01:17:58,800 --> 01:17:59,800
Speaker 2: bit more upbeat? Do you think?

1763
01:18:00,640 --> 01:18:00,840
Speaker 19: Yeah?

1764
01:18:01,000 --> 01:18:03,679
Speaker 13: Yeah, we are halfway through. It's for the September period,

1765
01:18:03,800 --> 01:18:08,240
Speaker 13: and so far we've observed more profit beats against consensus

1766
01:18:08,360 --> 01:18:11,680
Speaker 13: market expectations and messes. That's pretty good. The last three

1767
01:18:11,760 --> 01:18:14,479
Speaker 13: years we've actually been seeing more misses than beats, so

1768
01:18:14,560 --> 01:18:15,920
Speaker 13: it feels like there's a little bit of a trend

1769
01:18:16,040 --> 01:18:17,280
Speaker 13: change something interesting.

1770
01:18:17,320 --> 01:18:17,479
Speaker 8: Though.

1771
01:18:17,520 --> 01:18:20,680
Speaker 13: Obviously up to September, the economy is pretty challenging and

1772
01:18:20,840 --> 01:18:23,040
Speaker 13: some companies have been calling that out. So there's been

1773
01:18:23,080 --> 01:18:27,200
Speaker 13: the odd little disappointment in terms of timing versus markets

1774
01:18:27,280 --> 01:18:30,559
Speaker 13: investors getting hid themselves. But you know, really the underlying

1775
01:18:30,600 --> 01:18:33,599
Speaker 13: results are looking okay. We're seeing some companies really delivering

1776
01:18:33,680 --> 01:18:37,200
Speaker 13: on their own self help and those are the companies

1777
01:18:37,240 --> 01:18:39,120
Speaker 13: that you know, when you look at it, they'll do okay.

1778
01:18:39,160 --> 01:18:41,240
Speaker 13: With the economy recovers in a hurry or not. And

1779
01:18:41,400 --> 01:18:43,479
Speaker 13: that's where I think investors are starting to focus on.

1780
01:18:44,160 --> 01:18:47,640
Speaker 13: Most companies are talking about since September, they've seen a

1781
01:18:47,760 --> 01:18:51,200
Speaker 13: noticeable pickup and activity. So we are seeing improven activity,

1782
01:18:51,320 --> 01:18:53,080
Speaker 13: So maybe that trend continues.

1783
01:18:53,160 --> 01:18:55,080
Speaker 2: Yeah, brilliant stuff. Now listen to the US markets. We've

1784
01:18:55,080 --> 01:18:57,160
Speaker 2: got a bit weird last week. Where did things get

1785
01:18:57,200 --> 01:18:57,920
Speaker 2: to over the weekend?

1786
01:18:58,000 --> 01:19:00,679
Speaker 13: Yeah, yeah, so yeah, good good went to the US

1787
01:19:01,080 --> 01:19:02,840
Speaker 13: S and P five hundred, that's the main index we

1788
01:19:02,920 --> 01:19:04,800
Speaker 13: all talk about. It was down about one point nine

1789
01:19:04,840 --> 01:19:08,799
Speaker 13: percent last week, mainly due to the technology stocks falling,

1790
01:19:09,240 --> 01:19:11,719
Speaker 13: some risks around the US Federal Reserve not cutting rates,

1791
01:19:12,200 --> 01:19:15,560
Speaker 13: in weak consumer confidence. In comparison to Zerono market she

1792
01:19:15,680 --> 01:19:18,200
Speaker 13: marker was down zero point three. So we did our

1793
01:19:18,280 --> 01:19:21,719
Speaker 13: job of protecting. But the US markets on Friday they bounced.

1794
01:19:22,479 --> 01:19:25,559
Speaker 13: There was a couple of US feed Reserve speakers came

1795
01:19:25,600 --> 01:19:27,960
Speaker 13: out and suggested actually the Central Bank had room to

1796
01:19:28,080 --> 01:19:31,840
Speaker 13: ease cut rates, particularly given call and labor markets, and

1797
01:19:31,960 --> 01:19:34,240
Speaker 13: that if you saw the US market have a bit

1798
01:19:34,280 --> 01:19:37,080
Speaker 13: of a flip and they ended stronger. So we've seen

1799
01:19:37,120 --> 01:19:38,800
Speaker 13: a bit of a pricing and of a December rate

1800
01:19:38,880 --> 01:19:42,200
Speaker 13: cut back to seventy percent. So the expectation seventy percent

1801
01:19:42,240 --> 01:19:45,519
Speaker 13: of the markets expecting the US feed to cut in December.

1802
01:19:46,040 --> 01:19:48,960
Speaker 13: That's quite a big increase. And similar we're seeing a bit.

1803
01:19:48,920 --> 01:19:49,360
Speaker 2: Of a bounce.

1804
01:19:50,880 --> 01:19:53,600
Speaker 13: US futures are showing that the US market may be

1805
01:19:53,760 --> 01:19:56,040
Speaker 13: up zero point four percent tonight. Our market here in

1806
01:19:56,080 --> 01:19:58,200
Speaker 13: his oone is up zero point six so a little

1807
01:19:58,200 --> 01:19:59,640
Speaker 13: bit of a better time coming at the end of

1808
01:19:59,640 --> 01:20:00,080
Speaker 13: the last.

1809
01:20:00,000 --> 01:20:01,920
Speaker 2: We're happy to hear that, Shane. Thanks very much, Shane

1810
01:20:02,000 --> 01:20:03,880
Speaker 2: Soally Harbor Asset Management six twenty three.

1811
01:20:04,400 --> 01:20:08,160
Speaker 1: Whether it's macro, micro or just plain economics, it's all

1812
01:20:08,439 --> 01:20:11,920
Speaker 1: on the Business Hour with Heather duper Cela and MAS

1813
01:20:12,040 --> 01:20:13,240
Speaker 1: Motor Vehicle Insurance.

1814
01:20:13,520 --> 01:20:17,920
Speaker 3: Your future is in good hands. News talksb heathern.

1815
01:20:18,000 --> 01:20:20,719
Speaker 2: Nicholas summed it up perfectly. Remember the toughest teacher usually

1816
01:20:20,760 --> 01:20:23,519
Speaker 2: gets the best results. I think everybody's loving old mate

1817
01:20:23,920 --> 01:20:27,200
Speaker 2: quipping about Jacinda Ardun, which I think is probably fair.

1818
01:20:27,800 --> 01:20:31,320
Speaker 2: Now let's get back to the Diary of the Green

1819
01:20:31,439 --> 01:20:35,920
Speaker 2: MP Francisco Hernandez. Let me take you to his entry.

1820
01:20:35,960 --> 01:20:39,519
Speaker 2: At one o'clock thirteen hundred hours, I joined my fellow

1821
01:20:39,640 --> 01:20:42,040
Speaker 2: key we Ben Abraham for lunch and blah blah blah

1822
01:20:42,040 --> 01:20:45,560
Speaker 2: along with the Latin American youth colonial who cares. This

1823
01:20:45,720 --> 01:20:47,959
Speaker 2: is the bit that I this is the only takeaway

1824
01:20:48,160 --> 01:20:51,240
Speaker 2: worth taking away from his entire diary, is that the

1825
01:20:51,320 --> 01:20:55,800
Speaker 2: food cop is unbelievably crap. Now, I just imagine, like

1826
01:20:55,880 --> 01:20:59,280
Speaker 2: you probably that you're getting fifty five thousand people together

1827
01:20:59,760 --> 01:21:02,680
Speaker 2: and brazzell and everybody's flying. It's gonna be luxe as No,

1828
01:21:03,120 --> 01:21:04,360
Speaker 2: do you know what he got for lunch? He got

1829
01:21:04,439 --> 01:21:07,080
Speaker 2: the saddest empanada I've ever seen. It was like this

1830
01:21:07,200 --> 01:21:08,800
Speaker 2: little braw you know, you get those kind of like

1831
01:21:09,120 --> 01:21:12,360
Speaker 2: recycled paper plates, the ones that make you feel good

1832
01:21:12,400 --> 01:21:14,400
Speaker 2: about yourself. So it's like a little bit kind of

1833
01:21:14,439 --> 01:21:17,120
Speaker 2: cardboardy color, like not quite cardboardy color, but it's getting there.

1834
01:21:17,160 --> 01:21:19,559
Speaker 2: And that he got one of those, And then much

1835
01:21:19,680 --> 01:21:23,240
Speaker 2: the same color was an empanada. A sad little impanada

1836
01:21:23,280 --> 01:21:26,439
Speaker 2: is sitting on no sauce, nothing, nothing, nothing, no little leg,

1837
01:21:26,720 --> 01:21:28,719
Speaker 2: not even an attempt at a kind of like shaved

1838
01:21:29,200 --> 01:21:32,280
Speaker 2: or grated carrot on the side. Nothing, just this gray

1839
01:21:32,640 --> 01:21:34,880
Speaker 2: like gray beige thing on a gray beige plate. But

1840
01:21:34,960 --> 01:21:37,080
Speaker 2: of course you'll remember Francisco has turned up with his

1841
01:21:37,160 --> 01:21:39,600
Speaker 2: own his own pringles, so he dressed it up. He

1842
01:21:39,720 --> 01:21:42,160
Speaker 2: tarted that up. He got a slab of pringles on

1843
01:21:42,200 --> 01:21:44,799
Speaker 2: one side and a slab of pringles. You two people's

1844
01:21:44,920 --> 01:21:48,920
Speaker 2: servings of springles on this plate. Anyway, my takeaway from

1845
01:21:49,000 --> 01:21:52,519
Speaker 2: this god awful diary from him and Lord may he

1846
01:21:52,640 --> 01:21:55,040
Speaker 2: never become a government minister because can you imagine how

1847
01:21:55,520 --> 01:21:57,400
Speaker 2: he'll start the cabinet meetings with will I got up

1848
01:21:57,439 --> 01:22:00,479
Speaker 2: this morning, but my takeaway was the food it cop

1849
01:22:00,840 --> 01:22:03,160
Speaker 2: is horrific six twenty seven.

1850
01:22:03,840 --> 01:22:06,599
Speaker 3: There's no business like show business.

1851
01:22:09,479 --> 01:22:10,960
Speaker 2: You know, when you go to a concert, you like

1852
01:22:11,040 --> 01:22:13,160
Speaker 2: to take home some merch, baby, some sort of souvenir,

1853
01:22:13,280 --> 01:22:15,360
Speaker 2: something like that. Well, a woman at the Lady Kravitz

1854
01:22:15,400 --> 01:22:18,840
Speaker 2: concert and Brisbane took home an unexpected keepsake, four of

1855
01:22:18,960 --> 01:22:19,760
Speaker 2: his dreadlocks.

1856
01:22:20,160 --> 01:22:24,400
Speaker 3: Brisban. That was wild. So when I went out for

1857
01:22:24,520 --> 01:22:26,520
Speaker 3: La Rule, I'm very excited.

1858
01:22:26,920 --> 01:22:31,320
Speaker 1: Young lady pulled four dreadlocks out at the back of

1859
01:22:31,400 --> 01:22:31,800
Speaker 1: my head.

1860
01:22:32,560 --> 01:22:35,920
Speaker 3: You know how hired you got it pour to rip

1861
01:22:36,040 --> 01:22:38,559
Speaker 3: those out of my head? Damn baby.

1862
01:22:39,520 --> 01:22:41,439
Speaker 2: Anyway, I'm not going to stop coming out there for

1863
01:22:41,520 --> 01:22:44,320
Speaker 2: La Rul because that's what we do. I mean, you've

1864
01:22:44,360 --> 01:22:47,760
Speaker 2: got to love the guy. Somebody pulled four gigantic dreadlocks,

1865
01:22:47,880 --> 01:22:49,880
Speaker 2: like basically DAGs out of the back of his head,

1866
01:22:49,920 --> 01:22:53,160
Speaker 2: and all he had to say about it was damn baby, Hayes.

1867
01:22:53,400 --> 01:22:56,080
Speaker 2: See what I said, Hayes. Cool a and you can

1868
01:22:56,160 --> 01:22:58,840
Speaker 2: just see the whole show was just sexy. Anyway, my

1869
01:22:58,960 --> 01:23:00,760
Speaker 2: voice is still recovering, so we're not going to even

1870
01:23:00,800 --> 01:23:02,519
Speaker 2: try to sing along with us. Simon Bridges is with

1871
01:23:02,600 --> 01:23:03,000
Speaker 2: us next?

1872
01:23:07,560 --> 01:23:08,400
Speaker 4: What are you?

1873
01:23:14,600 --> 01:23:15,000
Speaker 3: Everything?

1874
01:23:15,080 --> 01:23:18,600
Speaker 1: From SMEs to the big corporates, the Business Hour, we

1875
01:23:18,840 --> 01:23:21,000
Speaker 1: hand the duper c Allen and Mass.

1876
01:23:20,840 --> 01:23:25,280
Speaker 3: Motor vehicle insurance. Your futures in good hands? Used talks'd

1877
01:23:25,320 --> 01:23:34,640
Speaker 3: be why right ed?

1878
01:23:34,680 --> 01:23:36,600
Speaker 2: But a Metallica for you? You know why hang on

1879
01:23:36,680 --> 01:23:39,040
Speaker 2: a check. David Cameron, by the way, has just revealed

1880
01:23:39,080 --> 01:23:41,439
Speaker 2: that he has prostate cancers being treated for It's part

1881
01:23:41,439 --> 01:23:43,920
Speaker 2: of the reason he's come out is because there's a campaign,

1882
01:23:44,040 --> 01:23:45,960
Speaker 2: a big campaign in the UK calling on the government

1883
01:23:46,000 --> 01:23:49,120
Speaker 2: to introduce targeted screening for men for prostate cancer. Talk

1884
01:23:49,160 --> 01:23:51,439
Speaker 2: to Gavin Gray ten minutes about it right now, twenty

1885
01:23:51,479 --> 01:23:54,559
Speaker 2: three away from seven now, it looks like Auckland businesses

1886
01:23:54,560 --> 01:23:57,280
Speaker 2: are turning a corner with confidence on the up. Negative

1887
01:23:57,320 --> 01:23:59,880
Speaker 2: confidence ratings have fallen twenty points that now at forty

1888
01:24:00,080 --> 01:24:02,680
Speaker 2: forty four percent, more than half of them expect the

1889
01:24:02,720 --> 01:24:05,519
Speaker 2: New Zealand economy to improve. In Simon Bridges, the Auckland

1890
01:24:05,560 --> 01:24:09,640
Speaker 2: Business Chamber Chief executives with us Allo Simon Hey evening here, So,

1891
01:24:09,680 --> 01:24:11,160
Speaker 2: I mean these numbers are good. A like, you've got

1892
01:24:11,240 --> 01:24:13,720
Speaker 2: negative confidence going from sixty four down to forty four.

1893
01:24:13,760 --> 01:24:17,479
Speaker 2: You've got neutral sentiment climbing up twelve points. However many

1894
01:24:17,560 --> 01:24:20,760
Speaker 2: to thirty nine. You've got fifty four percent of them

1895
01:24:21,000 --> 01:24:23,080
Speaker 2: now saying that the New Zealand economy is going to improve.

1896
01:24:23,080 --> 01:24:25,160
Speaker 2: That's the one that's up twelve points. What's caused this?

1897
01:24:26,400 --> 01:24:28,200
Speaker 20: Yeah, I look, I think they are good. I think

1898
01:24:28,640 --> 01:24:31,080
Speaker 20: you know, it's no rockstar economy, no one's saying that.

1899
01:24:31,280 --> 01:24:33,320
Speaker 20: But I think what you're seeing is future sort of

1900
01:24:33,400 --> 01:24:36,720
Speaker 20: beliefs and intentions from business people in Auckland and the

1901
01:24:36,800 --> 01:24:39,760
Speaker 20: economy is that it's looking better. And I suppose you say, well,

1902
01:24:39,800 --> 01:24:42,560
Speaker 20: what's causing that. I mean it's fundamentals, isn't it. I

1903
01:24:42,680 --> 01:24:45,960
Speaker 20: mean you've got around the rest of the country farmers

1904
01:24:46,040 --> 01:24:51,519
Speaker 20: with a big payout from Fonterra, record price as a

1905
01:24:51,600 --> 01:24:53,800
Speaker 20: low dollar, so that's sort of at a level, got

1906
01:24:53,880 --> 01:24:57,360
Speaker 20: to start filtering through. You've got the ocr coming down.

1907
01:24:57,439 --> 01:24:59,360
Speaker 20: It's gone from being a tough gig to being you know,

1908
01:24:59,479 --> 01:25:02,200
Speaker 20: quite stiffy milatory on the economy. And I think they

1909
01:25:02,240 --> 01:25:03,960
Speaker 20: can just see, you know, whether it's some of the

1910
01:25:04,000 --> 01:25:05,800
Speaker 20: stuff the government has been doing, or I think they've

1911
01:25:05,800 --> 01:25:07,960
Speaker 20: picked up the pace a bit on their their policy

1912
01:25:08,080 --> 01:25:12,600
Speaker 20: instead of other initiatives. For Auckland, it's just starting to

1913
01:25:12,680 --> 01:25:14,639
Speaker 20: feel a bit better and they can see that over

1914
01:25:14,760 --> 01:25:17,960
Speaker 20: the next year it is going to get a bit better. So,

1915
01:25:18,320 --> 01:25:20,519
Speaker 20: you know, some of the numbers right now, they're still

1916
01:25:20,600 --> 01:25:23,439
Speaker 20: not great. But as I say forward intentions, you know,

1917
01:25:23,600 --> 01:25:26,559
Speaker 20: a clear majority see the economy improving over the next year.

1918
01:25:26,640 --> 01:25:28,760
Speaker 20: They see revenue up over the next year. They're going

1919
01:25:28,800 --> 01:25:30,439
Speaker 20: to make more investment over the next year.

1920
01:25:30,600 --> 01:25:32,479
Speaker 2: What are the things that are still concerning them though,

1921
01:25:33,720 --> 01:25:35,280
Speaker 2: Oh well, there's definitely things that consume them.

1922
01:25:35,400 --> 01:25:38,919
Speaker 20: Look, it's a sense of lack of demand, of consumer

1923
01:25:39,040 --> 01:25:43,840
Speaker 20: sentiment that that's still pretty poor. It's stuff around you know,

1924
01:25:43,960 --> 01:25:46,639
Speaker 20: productivity and growth. They're not sort of seeing that yet.

1925
01:25:47,360 --> 01:25:50,360
Speaker 20: It's their own cash flow, it's their own ability to

1926
01:25:50,479 --> 01:25:52,320
Speaker 20: pay you off the back of that kind of lack

1927
01:25:52,360 --> 01:25:56,080
Speaker 20: of consumer confidence and lack of growth, and then it's

1928
01:25:56,560 --> 01:25:59,360
Speaker 20: down the list a little, but it's still inflation that's there.

1929
01:25:59,600 --> 01:26:02,080
Speaker 20: It's still sense that the world in terms of trade

1930
01:26:02,120 --> 01:26:03,599
Speaker 20: and geopolitics is pretty tough.

1931
01:26:04,120 --> 01:26:06,439
Speaker 2: What's your feeling do you think that next year is

1932
01:26:06,479 --> 01:26:09,000
Speaker 2: going to be a rawer? You know, come, let's say

1933
01:26:09,040 --> 01:26:11,520
Speaker 2: election time next year. Are we going to be absolutely

1934
01:26:11,640 --> 01:26:13,320
Speaker 2: going for it or is it still going to be

1935
01:26:13,360 --> 01:26:13,920
Speaker 2: a hard grind?

1936
01:26:14,400 --> 01:26:17,599
Speaker 20: Well, I've written a terrific column on this Afrano Sullivan

1937
01:26:17,640 --> 01:26:19,519
Speaker 20: and enz ed me for next week. I have to say,

1938
01:26:19,920 --> 01:26:22,720
Speaker 20: and just to give you a preview on it, I

1939
01:26:22,800 --> 01:26:26,920
Speaker 20: think what I would say is it's I'm realistically optimistic, right,

1940
01:26:27,040 --> 01:26:28,720
Speaker 20: So well, what I mean is, you know, I think

1941
01:26:28,800 --> 01:26:31,479
Speaker 20: some of the bank economists are talking three plus percent.

1942
01:26:31,840 --> 01:26:33,680
Speaker 20: I don't buy that. I mean, there's a number of

1943
01:26:33,760 --> 01:26:36,080
Speaker 20: factors there that say it to be a bit tough

1944
01:26:36,120 --> 01:26:38,479
Speaker 20: than that. You've got a close election, which in the

1945
01:26:38,680 --> 01:26:41,400
Speaker 20: end actually means a period where people kind of pull

1946
01:26:41,520 --> 01:26:43,920
Speaker 20: back a bit. You've got the potential stock market crash

1947
01:26:44,320 --> 01:26:46,439
Speaker 20: in the United States at sometimes, You've got a bunch

1948
01:26:46,520 --> 01:26:49,520
Speaker 20: of other factors. But I still say on those fundamentals

1949
01:26:49,640 --> 01:26:53,000
Speaker 20: I mentioned earlier on a CRL and an international convention center,

1950
01:26:53,400 --> 01:26:56,200
Speaker 20: some of these things. It is slowly going to grind

1951
01:26:56,240 --> 01:27:00,120
Speaker 20: its way out, but I think the heaven wait for twenty.

1952
01:27:01,760 --> 01:27:03,200
Speaker 2: Are you going to tell me how you got onto

1953
01:27:03,200 --> 01:27:06,400
Speaker 2: the snake pit a Metallica or not? I text you

1954
01:27:06,520 --> 01:27:08,000
Speaker 2: and you have left it on red.

1955
01:27:08,479 --> 01:27:11,480
Speaker 20: What I'm going to tell you is it was outstanding.

1956
01:27:11,600 --> 01:27:13,880
Speaker 20: I mean it was like a three D moving movie.

1957
01:27:13,920 --> 01:27:16,640
Speaker 20: You could see these guys sweating, you could see their facials,

1958
01:27:16,680 --> 01:27:19,720
Speaker 20: and I could tell you, for some old codges, they

1959
01:27:19,800 --> 01:27:22,200
Speaker 20: were really enjoying it, and they brought their best to this.

1960
01:27:22,360 --> 01:27:24,120
Speaker 20: I think the other thing I was just saying, if here,

1961
01:27:24,200 --> 01:27:28,360
Speaker 20: Laura is I don't know what I expected. I wondered

1962
01:27:28,360 --> 01:27:30,639
Speaker 20: if it would be kind of bogans and leather vests

1963
01:27:30,880 --> 01:27:35,080
Speaker 20: and here suits. It was a decidedly middle class affair,

1964
01:27:35,200 --> 01:27:37,040
Speaker 20: you know. So if you were in that snake pit,

1965
01:27:37,400 --> 01:27:40,479
Speaker 20: you're of a certain age, a certain vintage, and you

1966
01:27:40,600 --> 01:27:42,639
Speaker 20: weren't necessarily a bokes hold.

1967
01:27:42,479 --> 01:27:45,240
Speaker 2: On because you were there. You were there. Tiger Whitey's

1968
01:27:45,320 --> 01:27:47,360
Speaker 2: he was there. And the drummer from from Tool was

1969
01:27:47,400 --> 01:27:48,240
Speaker 2: there was he was.

1970
01:27:48,560 --> 01:27:50,439
Speaker 20: He was about a meter from me I didn't know

1971
01:27:50,560 --> 01:27:52,320
Speaker 20: him from Adam. I'm not a big Tool guy, and

1972
01:27:52,360 --> 01:27:54,760
Speaker 20: they obviously played in the weekend. But the chat next

1973
01:27:54,800 --> 01:27:56,720
Speaker 20: to me pointed out that was drummer of Tool, and

1974
01:27:56,800 --> 01:27:59,320
Speaker 20: suddenly I felt like I was quite kind of vvip.

1975
01:27:59,680 --> 01:28:01,320
Speaker 3: Well, yeah, I mean it was amazing.

1976
01:28:01,400 --> 01:28:02,760
Speaker 2: I looked at the list and went, what the hell

1977
01:28:02,760 --> 01:28:05,000
Speaker 2: are you doing there? But I mean, having said that

1978
01:28:05,439 --> 01:28:08,760
Speaker 2: you you can play the drums like reasonably, okay, so

1979
01:28:09,280 --> 01:28:10,280
Speaker 2: you know you're based on.

1980
01:28:12,000 --> 01:28:14,160
Speaker 20: I would love to tell you that that's that's the

1981
01:28:14,280 --> 01:28:17,439
Speaker 20: basis on which I was at the snake pit. But no,

1982
01:28:17,800 --> 01:28:20,200
Speaker 20: I mean, in the end, that's none of your business

1983
01:28:20,280 --> 01:28:22,840
Speaker 20: here there. I'm a private citizen who's entitled to be there.

1984
01:28:22,960 --> 01:28:26,240
Speaker 2: That's more like doing it very very much the sass

1985
01:28:26,320 --> 01:28:27,840
Speaker 2: I want from you, Simon. I love it.

1986
01:28:28,040 --> 01:28:28,160
Speaker 8: Now.

1987
01:28:28,240 --> 01:28:30,240
Speaker 2: Listen, Simon, I kind of be like, oh, do I

1988
01:28:30,360 --> 01:28:32,000
Speaker 2: do this or do I not do this? I'm going

1989
01:28:32,080 --> 01:28:32,479
Speaker 2: to do this?

1990
01:28:33,560 --> 01:28:33,760
Speaker 8: Yeah?

1991
01:28:34,360 --> 01:28:35,519
Speaker 2: Do they go for Chris Bishop?

1992
01:28:37,400 --> 01:28:37,519
Speaker 3: Uh?

1993
01:28:38,040 --> 01:28:41,240
Speaker 20: Look, I mean the primis is saying, you know, no way,

1994
01:28:41,520 --> 01:28:43,720
Speaker 20: and it's it's all good stuff, and and you know

1995
01:28:43,880 --> 01:28:44,840
Speaker 20: I take them as weird in that.

1996
01:28:44,880 --> 01:28:45,960
Speaker 3: I mean what I would say is.

1997
01:28:47,520 --> 01:28:50,800
Speaker 20: I had that ship for years on end from a

1998
01:28:50,880 --> 01:28:53,479
Speaker 20: more experienced, harder press gallery that dare I say it.

1999
01:28:54,080 --> 01:28:56,680
Speaker 20: It's not messive fun, It doesn't help a party, and

2000
01:28:57,520 --> 01:28:59,880
Speaker 20: you know they need to sort it out quite quickly

2001
01:29:00,080 --> 01:29:01,840
Speaker 20: so that you know the elder is going to get

2002
01:29:01,880 --> 01:29:04,479
Speaker 20: back to focusing on the policies and that growth that

2003
01:29:04,520 --> 01:29:06,799
Speaker 20: we're looking for in twenty six twelve.

2004
01:29:06,960 --> 01:29:09,560
Speaker 2: Right, yeah, okay, I'm loving the sassy Breen Simon, Thank you,

2005
01:29:09,680 --> 01:29:14,160
Speaker 2: Simon Bridge. It's chief executive Auckland Business Chamber. Where come on,

2006
01:29:14,479 --> 01:29:16,040
Speaker 2: I mean, if you had to choose, if it was

2007
01:29:16,120 --> 01:29:18,960
Speaker 2: Chris Kryssel Simon right now, I'd go Simon. He was

2008
01:29:19,040 --> 01:29:21,240
Speaker 2: in the snake pit and he just said shit on air,

2009
01:29:21,360 --> 01:29:24,200
Speaker 2: didn't he And he didn't have to. Hey, Santana and

2010
01:29:24,720 --> 01:29:26,920
Speaker 2: Minerals went into a trading halt. You will have caught

2011
01:29:26,960 --> 01:29:28,760
Speaker 2: this briefly today and then it came out about eleven

2012
01:29:28,800 --> 01:29:30,760
Speaker 2: thirty or something like that this morning. And this is

2013
01:29:30,840 --> 01:29:32,639
Speaker 2: because of the news that it has permission to mind.

2014
01:29:32,680 --> 01:29:35,439
Speaker 2: So you might remember it started the faster fast track

2015
01:29:35,520 --> 01:29:38,360
Speaker 2: process earlier this month. It says it's now had the

2016
01:29:38,400 --> 01:29:41,240
Speaker 2: green light from the Environmental Protection Authority, now has basically

2017
01:29:41,320 --> 01:29:43,840
Speaker 2: everything it needs for a final assessment to dig for

2018
01:29:43,960 --> 01:29:46,840
Speaker 2: gold near Cromwell. I hope they find lots and lots

2019
01:29:46,880 --> 01:29:49,719
Speaker 2: of gold and make themselves and everybody else rich. Seventeen

2020
01:29:49,760 --> 01:29:50,439
Speaker 2: away from seven.

2021
01:29:51,479 --> 01:29:54,960
Speaker 1: Ever, to do with money, it matters to you. The

2022
01:29:55,240 --> 01:29:59,679
Speaker 1: Business Hour with Heather Dupacy, Allen and MAS Motor Vehicle Insurance.

2023
01:30:00,080 --> 01:30:02,679
Speaker 1: Your futures in good heads US talks.

2024
01:30:02,720 --> 01:30:05,360
Speaker 2: It'd be hither read the Green Party's food. You can't

2025
01:30:05,400 --> 01:30:08,360
Speaker 2: have flavor and carbon neutral status. Well, if I had

2026
01:30:08,360 --> 01:30:10,479
Speaker 2: to choose, I'll take the flavor, wouldn't you? Quarter to

2027
01:30:10,560 --> 01:30:15,080
Speaker 2: seven Gavin Gray, UK correspondence with US. Hello, Gevin, Hi there, Okay,

2028
01:30:15,120 --> 01:30:17,400
Speaker 2: how are the negotiations going over Ukraine?

2029
01:30:18,840 --> 01:30:22,000
Speaker 19: Well, it would appear progress if you listen to those

2030
01:30:22,200 --> 01:30:25,520
Speaker 19: on the American side. Indeed, to be fair, the Ukrainians

2031
01:30:25,520 --> 01:30:28,040
Speaker 19: as well, suggesting that there is progress that the Americans

2032
01:30:28,080 --> 01:30:32,200
Speaker 19: are listening to what they want more. The US Secretary

2033
01:30:32,360 --> 01:30:35,600
Speaker 19: of State Marco Rubias said a quote tremendous amount of

2034
01:30:35,680 --> 01:30:39,559
Speaker 19: progress in honing this plan, which has been cautiously welcomed

2035
01:30:39,600 --> 01:30:42,719
Speaker 19: by Russia, but certainly the leaders of Ukraine and indeed

2036
01:30:42,800 --> 01:30:45,960
Speaker 19: Europe are not comfortable with it at all. We're hoping

2037
01:30:46,040 --> 01:30:49,400
Speaker 19: of course those amendments will be more in Ukraine's favor.

2038
01:30:49,720 --> 01:30:53,000
Speaker 19: But I'm just trying to pick apart the plans, the

2039
01:30:53,200 --> 01:30:57,360
Speaker 19: counter proposal peace plans by Europe which were unveiled last

2040
01:30:57,439 --> 01:31:02,120
Speaker 19: night amid some kind of secrecy would appear and what

2041
01:31:02,320 --> 01:31:04,519
Speaker 19: is different to the American plans, and there's a little

2042
01:31:04,560 --> 01:31:07,880
Speaker 19: bit of tinkering around the side. Very interesting that they

2043
01:31:08,040 --> 01:31:11,240
Speaker 19: are considering offering Russia to come back into the G

2044
01:31:11,479 --> 01:31:14,879
Speaker 19: eight group of nations. Of course we know that Vladimir

2045
01:31:14,920 --> 01:31:17,400
Speaker 19: Putin's always been rather had his nose put out of

2046
01:31:17,439 --> 01:31:21,200
Speaker 19: place by that when they were annexed from the G

2047
01:31:21,439 --> 01:31:24,560
Speaker 19: eight back in twenty fourteen when they took on Crimea.

2048
01:31:25,520 --> 01:31:29,439
Speaker 19: And they're also saying that the sanctions, if agreed, would

2049
01:31:29,439 --> 01:31:33,320
Speaker 19: be slowly withdrawn over Russia if pieces agreed, and I

2050
01:31:33,360 --> 01:31:36,559
Speaker 19: suppose in other highlights, the European plan look at holding

2051
01:31:36,760 --> 01:31:39,479
Speaker 19: elections as soon as possible in Ukraine after the signing

2052
01:31:39,520 --> 01:31:42,000
Speaker 19: of a peace agreement. That's very similar to what Donald

2053
01:31:42,040 --> 01:31:45,320
Speaker 19: Trump's plan had suggested. The size of the Ukraine military

2054
01:31:45,400 --> 01:31:48,920
Speaker 19: cap did eight hundred thousand in peacetime, NATO agreeing not

2055
01:31:49,120 --> 01:31:53,439
Speaker 19: to permanently stationed troops in Ukraine but also saying that

2056
01:31:53,640 --> 01:31:57,080
Speaker 19: NATO fighter jets will be stationed across the border in

2057
01:31:57,160 --> 01:32:00,760
Speaker 19: Poland and saying that the article in NATO where an

2058
01:32:00,800 --> 01:32:04,040
Speaker 19: attack on one member is an attack on all members

2059
01:32:04,240 --> 01:32:07,320
Speaker 19: very much now on the table and wanting to be

2060
01:32:07,600 --> 01:32:09,880
Speaker 19: enshrined into any peace deal.

2061
01:32:10,960 --> 01:32:13,080
Speaker 2: Okay, now, what do we know about this case as

2062
01:32:13,120 --> 01:32:16,719
Speaker 2: being reported of a Romanian grooming gang and the ringleader,

2063
01:32:16,760 --> 01:32:19,599
Speaker 2: they are being offered about fifteen hundred pounds to be deported.

2064
01:32:20,880 --> 01:32:24,640
Speaker 19: Well, criminals are in this country, of course, if they

2065
01:32:24,680 --> 01:32:28,960
Speaker 19: are foreign criminals and face and a sentence of over

2066
01:32:29,040 --> 01:32:37,080
Speaker 19: about a year, are therefore compulsorily compulsorily just considered for deportation.

2067
01:32:37,680 --> 01:32:40,680
Speaker 19: Now in this case, the government is also looking at

2068
01:32:40,840 --> 01:32:44,439
Speaker 19: cases where it considers it cheaper to offer somebody about

2069
01:32:44,520 --> 01:32:47,600
Speaker 19: three and a half thousand New Zealand dollars just to

2070
01:32:47,960 --> 01:32:51,040
Speaker 19: leave the country, because they consider that cheaper than going

2071
01:32:51,080 --> 01:32:54,439
Speaker 19: through the courts and trying to get that deportation or

2072
01:32:54,479 --> 01:32:57,920
Speaker 19: to underway. In this instance, that offer of three and

2073
01:32:57,920 --> 01:33:00,639
Speaker 19: a half thousand New Zealand dollars appear to have been

2074
01:33:00,720 --> 01:33:04,479
Speaker 19: made to the ringleader of a Roumanian grooming gang in

2075
01:33:04,840 --> 01:33:09,240
Speaker 19: prison a waiting trial for ten rapes. Now, obviously this

2076
01:33:09,400 --> 01:33:11,920
Speaker 19: is not what is meant to happen. The thirty eight

2077
01:33:12,040 --> 01:33:14,960
Speaker 19: year olds are thoroughly nasty piece of work according to

2078
01:33:15,000 --> 01:33:19,160
Speaker 19: the evidence, raping, drugging, exploiting, violnable women in Scotland. And

2079
01:33:19,320 --> 01:33:22,160
Speaker 19: yet this offer was made that must it appear have

2080
01:33:22,280 --> 01:33:25,400
Speaker 19: been a mistake. What's more amazing is that during this

2081
01:33:25,640 --> 01:33:29,200
Speaker 19: court case it would appear that his right to remain

2082
01:33:29,320 --> 01:33:34,320
Speaker 19: in the UK was extended, and that's because that's all

2083
01:33:34,439 --> 01:33:37,120
Speaker 19: part of the EU settlement scheme, where a member of

2084
01:33:37,200 --> 01:33:40,320
Speaker 19: the European Union can live in the UK on a

2085
01:33:40,439 --> 01:33:43,640
Speaker 19: semi permanent basis. So the idea that that again did

2086
01:33:43,760 --> 01:33:45,760
Speaker 19: not take into account of what was happening in the

2087
01:33:45,840 --> 01:33:49,679
Speaker 19: courts is quite extraordinary and shows, I'm afraid more chaos

2088
01:33:49,760 --> 01:33:51,120
Speaker 19: at the heart of these systems.

2089
01:33:51,200 --> 01:33:54,519
Speaker 2: Yeah, it must be driving voters absolutely nuts. Now, would

2090
01:33:54,600 --> 01:33:58,800
Speaker 2: you have paid one point seven eight million pounds for

2091
01:33:58,920 --> 01:34:01,080
Speaker 2: a watch that came from the Titanic.

2092
01:34:01,479 --> 01:34:04,200
Speaker 19: And no, but what a remarkable story this is though

2093
01:34:04,520 --> 01:34:08,680
Speaker 19: the history of this watch is absolutely amazing. So probably

2094
01:34:08,880 --> 01:34:12,880
Speaker 19: the richest couple aboard the Titanic when it sank on

2095
01:34:12,960 --> 01:34:16,320
Speaker 19: the fourteenth of April nineteen twelve, were a couple called

2096
01:34:16,520 --> 01:34:20,920
Speaker 19: Isidor Strauss and his wife Ida, and Ida was offered

2097
01:34:21,080 --> 01:34:25,200
Speaker 19: birth on a lifeboat when the ship hit the iceberg,

2098
01:34:25,800 --> 01:34:28,719
Speaker 19: but she refused, saying I would rather perish with my husband,

2099
01:34:28,800 --> 01:34:32,759
Speaker 19: and indeed both did perish that night. But Isidore Strauss,

2100
01:34:32,800 --> 01:34:35,680
Speaker 19: a husband who was a very well known businessman, a

2101
01:34:35,760 --> 01:34:39,400
Speaker 19: Bavarian born American businessman, a politician, and the co owner

2102
01:34:39,479 --> 01:34:44,160
Speaker 19: of Macy's department store in New York, also had this

2103
01:34:44,280 --> 01:34:48,600
Speaker 19: amazing and very expensive gold pocket watch. And in the aftermath,

2104
01:34:48,680 --> 01:34:53,160
Speaker 19: in the days after the awful sinking, his body was discovered,

2105
01:34:53,320 --> 01:34:56,599
Speaker 19: as was the pocket watch, and the watch had stopped

2106
01:34:56,800 --> 01:35:00,240
Speaker 19: the exact moment that the Titanic had sunk, and they

2107
01:35:00,320 --> 01:35:02,439
Speaker 19: must have lost their lives in the freezing water.

2108
01:35:03,280 --> 01:35:04,880
Speaker 3: And so yep, gone and sold.

2109
01:35:04,920 --> 01:35:08,719
Speaker 19: It's an amazing piece of memorabilia and fetching a price

2110
01:35:08,920 --> 01:35:13,040
Speaker 19: of the roughly three point eight million New Zealand dollars,

2111
01:35:13,080 --> 01:35:15,799
Speaker 19: which quite frankly is supposed to be a record breaker

2112
01:35:15,920 --> 01:35:17,320
Speaker 19: for this particular type of thing.

2113
01:35:17,360 --> 01:35:19,680
Speaker 2: That's incredible. Hey, Gavin, thank you very much, Gavin Gray,

2114
01:35:19,800 --> 01:35:22,320
Speaker 2: UK correspondent. Would you, of course you wouldn't spend money,

2115
01:35:22,400 --> 01:35:24,519
Speaker 2: and of course you just buy yourself a bloody house instead,

2116
01:35:24,520 --> 01:35:27,400
Speaker 2: wouldn't you? Hey, did you know that here's some good

2117
01:35:27,439 --> 01:35:29,040
Speaker 2: news on the music stuff, Because we spent a lot

2118
01:35:29,040 --> 01:35:31,240
Speaker 2: of time talking about the Tata not coming here in

2119
01:35:31,320 --> 01:35:33,080
Speaker 2: the oasis, not what coming in and going to ask

2120
01:35:33,120 --> 01:35:35,000
Speaker 2: raah blah blah blah, But did you know that the

2121
01:35:35,120 --> 01:35:38,040
Speaker 2: dance music scene here in New Zealand is absolutely pumping.

2122
01:35:38,680 --> 01:35:41,559
Speaker 2: NBR is carrying a story today quoting a festival organizer

2123
01:35:41,560 --> 01:35:43,800
Speaker 2: who reckons that we are now well known as one

2124
01:35:43,800 --> 01:35:46,560
Speaker 2: of the world's most engaged drum and band drum and

2125
01:35:46,640 --> 01:35:49,840
Speaker 2: based markets after the UK because the UK, and then asked,

2126
01:35:50,120 --> 01:35:52,960
Speaker 2: this guy's name is Mitch Low. He does he runs audiology.

2127
01:35:52,960 --> 01:35:55,439
Speaker 2: They do heaps and heaps the concerts or events I

2128
01:35:55,479 --> 01:35:57,720
Speaker 2: suppose they call them in the dance scene put on

2129
01:35:57,760 --> 01:36:00,400
Speaker 2: about two hundred a year. He did the DJ Fisher

2130
01:36:00,439 --> 01:36:03,080
Speaker 2: one at Victoria Park drew twenty three thousand, and they're

2131
01:36:03,080 --> 01:36:05,479
Speaker 2: doing another one. Answers it called Worship.

2132
01:36:06,280 --> 01:36:08,960
Speaker 15: Is that it's oh yeah, yeah, yeah, Worship is huge.

2133
01:36:09,040 --> 01:36:09,200
Speaker 8: Yeah.

2134
01:36:09,200 --> 01:36:11,519
Speaker 21: It's four of the biggest drum and based DJs and

2135
01:36:11,600 --> 01:36:12,920
Speaker 21: they will perform at the same time. It's like a

2136
01:36:12,920 --> 01:36:14,040
Speaker 21: big supergroup and.

2137
01:36:14,080 --> 01:36:16,600
Speaker 2: They're doing it at the domain. Yes, and that's going

2138
01:36:16,680 --> 01:36:19,880
Speaker 2: to be even bigger than anything else. Well, you want

2139
01:36:19,920 --> 01:36:22,639
Speaker 2: to split hairs on this, don't you a Because it's

2140
01:36:22,680 --> 01:36:24,600
Speaker 2: not just all the electronic music. It's the drum and

2141
01:36:24,600 --> 01:36:24,920
Speaker 2: the bass.

2142
01:36:25,000 --> 01:36:27,200
Speaker 21: Oh yeah, drum and based specifically. Well, it's just where

2143
01:36:27,280 --> 01:36:29,120
Speaker 21: where you talk about us being world leading and second

2144
01:36:29,160 --> 01:36:30,840
Speaker 21: in the world, it is specific to drum and bass.

2145
01:36:31,080 --> 01:36:33,880
Speaker 21: Like Australia gets much more sort of big trance and

2146
01:36:34,000 --> 01:36:35,040
Speaker 21: house artists than we will.

2147
01:36:35,360 --> 01:36:37,479
Speaker 2: So drum and bass is like what's their name? Who

2148
01:36:37,680 --> 01:36:40,840
Speaker 2: just cinda walked out to shape Shift? Yes, that's drum

2149
01:36:40,960 --> 01:36:41,519
Speaker 2: and bass, isn't it.

2150
01:36:41,640 --> 01:36:42,080
Speaker 7: That's correct?

2151
01:36:42,160 --> 01:36:42,280
Speaker 8: Now?

2152
01:36:42,320 --> 01:36:44,080
Speaker 2: Why is it? Why are we so into the drum

2153
01:36:44,120 --> 01:36:44,519
Speaker 2: and the bass?

2154
01:36:45,400 --> 01:36:47,519
Speaker 21: I mean that's a really good it's probably a documentary

2155
01:36:47,560 --> 01:36:49,080
Speaker 21: in and of itself. I don't know, it's just always

2156
01:36:49,160 --> 01:36:49,720
Speaker 21: been that way.

2157
01:36:50,000 --> 01:36:52,160
Speaker 2: It will be a thing. Why are we Well, I

2158
01:36:52,240 --> 01:36:53,720
Speaker 2: mean you can I was going to say, why are

2159
01:36:53,760 --> 01:36:56,759
Speaker 2: we so into reggae? Well, that's obvious because everybody smokes

2160
01:36:56,800 --> 01:36:58,360
Speaker 2: pot apparently in this country.

2161
01:36:58,520 --> 01:37:00,679
Speaker 21: I think drummer base comes from the same under roots's

2162
01:37:00,720 --> 01:37:03,040
Speaker 21: reggae as well, that kind of Caribbean English.

2163
01:37:04,320 --> 01:37:06,599
Speaker 2: So maybe so it started with a bomb and then

2164
01:37:06,680 --> 01:37:08,840
Speaker 2: it went to the reggae, and then it went to

2165
01:37:08,840 --> 01:37:09,599
Speaker 2: the drum and the bass.

2166
01:37:09,720 --> 01:37:10,040
Speaker 13: There you go.

2167
01:37:10,280 --> 01:37:12,600
Speaker 2: It explains everything right. Eight away from seven.

2168
01:37:13,720 --> 01:37:16,920
Speaker 1: It's the Heather Toop c Allen Drive Full Show podcast

2169
01:37:17,080 --> 01:37:19,880
Speaker 1: on iHeartRadio powered by newstalk ZEBBI.

2170
01:37:22,000 --> 01:37:24,479
Speaker 2: Heather, I'm fifty four and I'm going to Fisher and

2171
01:37:24,680 --> 01:37:26,839
Speaker 2: Carl Cox, and they are two of the best DJs

2172
01:37:26,880 --> 01:37:30,040
Speaker 2: in the world. Google them. Mars Mauz already knows. I'd

2173
01:37:30,080 --> 01:37:31,599
Speaker 2: have to google them to know what the how he's

2174
01:37:31,640 --> 01:37:32,200
Speaker 2: talking about.

2175
01:37:32,280 --> 01:37:34,720
Speaker 21: You'll know ants Carl Cox would have been making music

2176
01:37:34,800 --> 01:37:36,360
Speaker 21: back here when you were going to that sort of

2177
01:37:36,439 --> 01:37:38,719
Speaker 21: thing as well. He's been around so for ages.

2178
01:37:38,760 --> 01:37:39,360
Speaker 13: He's so one of them.

2179
01:37:39,439 --> 01:37:40,240
Speaker 2: Sing one of his songs.

2180
01:37:40,280 --> 01:37:44,479
Speaker 21: Answer, well, he's a classic DJ rather than a producer,

2181
01:37:44,520 --> 01:37:46,320
Speaker 21: and that he doesn't actually make that many tracks. He's

2182
01:37:46,320 --> 01:37:48,000
Speaker 21: all about finding the ones that are coming up and

2183
01:37:48,000 --> 01:37:49,840
Speaker 21: bubbling through the other people are making and putting them

2184
01:37:49,840 --> 01:37:50,599
Speaker 21: together in a good set.

2185
01:37:50,640 --> 01:37:52,519
Speaker 2: Oh I see, Okay, Yes, So you can't sing one

2186
01:37:52,520 --> 01:37:55,439
Speaker 2: of his songs. Lucky, nobody wants me to sing anything.

2187
01:37:55,600 --> 01:37:57,320
Speaker 2: I love it when people try to sing anything, but

2188
01:37:57,479 --> 01:37:58,599
Speaker 2: especially dance music.

2189
01:37:59,040 --> 01:37:59,519
Speaker 13: What have you got?

2190
01:37:59,560 --> 01:38:02,080
Speaker 21: Why have you got a Wonderwall? By Oasis? To play

2191
01:38:02,120 --> 01:38:05,320
Speaker 21: us out tonight? Hither because the second Oasis show in

2192
01:38:05,479 --> 01:38:08,640
Speaker 21: sal Paolo has wrapped up, so that means that's the

2193
01:38:08,800 --> 01:38:09,479
Speaker 21: end of the tour.

2194
01:38:09,880 --> 01:38:10,320
Speaker 5: They did it.

2195
01:38:10,680 --> 01:38:12,320
Speaker 2: They did it, and they didn't even break up at

2196
01:38:12,360 --> 01:38:12,640
Speaker 2: each other.

2197
01:38:12,920 --> 01:38:15,479
Speaker 21: The band is still together and Clea and Noel is

2198
01:38:15,600 --> 01:38:17,559
Speaker 21: still talking to once something's gone wrong?

2199
01:38:17,640 --> 01:38:18,120
Speaker 2: What happened?

2200
01:38:18,120 --> 01:38:20,640
Speaker 21: They did what like forty one different shows and they

2201
01:38:20,720 --> 01:38:22,720
Speaker 21: somehow managed to get on well, I mean, who maybe

2202
01:38:22,760 --> 01:38:23,559
Speaker 21: they'll do another one.

2203
01:38:23,640 --> 01:38:24,280
Speaker 5: This was insane.

2204
01:38:24,360 --> 01:38:26,599
Speaker 2: Haven't they already said see you next year?

2205
01:38:27,200 --> 01:38:27,360
Speaker 13: Ah?

2206
01:38:27,760 --> 01:38:28,639
Speaker 2: I think they had there?

2207
01:38:28,680 --> 01:38:29,439
Speaker 13: You go all right?

2208
01:38:30,200 --> 01:38:31,600
Speaker 2: Do you know what the meaning of Do you know

2209
01:38:31,680 --> 01:38:32,680
Speaker 2: what a wonder wall is?

2210
01:38:33,479 --> 01:38:33,519
Speaker 12: No?

2211
01:38:34,000 --> 01:38:35,600
Speaker 2: I didn't know this until this scare, And I mean

2212
01:38:35,640 --> 01:38:37,679
Speaker 2: I've been singing the song for since.

2213
01:38:38,200 --> 01:38:39,519
Speaker 21: I thought they just made them word.

2214
01:38:39,400 --> 01:38:44,400
Speaker 2: Up, same, same, No, A wonder wall can refer to

2215
01:38:44,479 --> 01:38:47,439
Speaker 2: a person who is a constant source of inspiration or salvation,

2216
01:38:48,040 --> 01:38:52,840
Speaker 2: like an imaginary friend who can save you from yourself. Oh,

2217
01:38:52,960 --> 01:38:55,800
Speaker 2: so exactly what the sole is s so like an

2218
01:38:55,840 --> 01:38:57,920
Speaker 2: imaginary friend. It started out well and then it just

2219
01:38:58,040 --> 01:39:03,160
Speaker 2: it just descended anyway, See you tomorrow look after yourself.

2220
01:39:06,800 --> 01:39:46,760
Speaker 3: You can save for more from Hither duplessy Alan Drive.

2221
01:39:46,960 --> 01:39:48,320
Speaker 3: Listen live to news talks.

2222
01:39:48,400 --> 01:39:51,520
Speaker 1: It'd be from four pm weekdays, or follow the podcast

2223
01:39:51,640 --> 01:39:52,640
Speaker 1: on iHeartRadio