1 00:00:00,360 --> 00:00:02,440 Speaker 1: On the huddle of us this evening, we have Shirson 2 00:00:02,480 --> 00:00:04,640 Speaker 1: of Sheerson, Willis pr and Joseph Gowney, the CEO of 3 00:00:04,720 --> 00:00:08,239 Speaker 1: Child Fund. Hi ladies, Hello, hello triush. If we make 4 00:00:08,280 --> 00:00:10,520 Speaker 1: a language compulsory, which language do you choose? 5 00:00:10,840 --> 00:00:14,040 Speaker 2: I do today El Mahrty for a start. That is 6 00:00:14,080 --> 00:00:16,840 Speaker 2: an official language of New Zealand. It is a treasure 7 00:00:16,920 --> 00:00:21,560 Speaker 2: of New Zealand. I completely support this. When I was 8 00:00:21,640 --> 00:00:25,680 Speaker 2: about probably nineteen, I went to Europe for the very 9 00:00:25,720 --> 00:00:28,440 Speaker 2: first time and I was sitting in a little backpackers 10 00:00:28,600 --> 00:00:31,520 Speaker 2: at breakfast and a whole lot of people came downstairs 11 00:00:31,560 --> 00:00:34,800 Speaker 2: for their breakfast and they were talking three four five 12 00:00:34,880 --> 00:00:40,120 Speaker 2: different languages and interchanging and I felt stupid, stupid, yes, 13 00:00:40,520 --> 00:00:43,160 Speaker 2: And I thought, you know, when I heard this this morning, 14 00:00:43,159 --> 00:00:46,440 Speaker 2: I thought, actually, language for New Zealander is a skill 15 00:00:46,600 --> 00:00:49,239 Speaker 2: for the world, and it's really important. I think that 16 00:00:49,320 --> 00:00:52,280 Speaker 2: our kids have it as compulsory at school. And once 17 00:00:52,320 --> 00:00:56,680 Speaker 2: you learn one language, it's far easier to learn another. Also, 18 00:00:56,800 --> 00:00:59,920 Speaker 2: learning a language teaches you a huge amount about English 19 00:01:00,240 --> 00:01:03,160 Speaker 2: and the real crunchy basics of English that we're probably 20 00:01:03,160 --> 00:01:04,840 Speaker 2: not being taught. I absolutely love it. 21 00:01:04,920 --> 00:01:07,400 Speaker 1: Hear me too, What do you think, Josey, which. 22 00:01:07,280 --> 00:01:10,119 Speaker 3: I totally agree. I mean, I don't think it matters 23 00:01:10,120 --> 00:01:11,000 Speaker 3: what language it is. 24 00:01:11,080 --> 00:01:13,560 Speaker 1: No, it does matter. It does matter because either what 25 00:01:13,560 --> 00:01:15,880 Speaker 1: you're doing, you're either deciding that a whole bunch of 26 00:01:15,920 --> 00:01:17,399 Speaker 1: kids are going to speak French, whole bunch of kids 27 00:01:17,400 --> 00:01:19,080 Speaker 1: are going to speak Spanish, Manda and blah blah, or 28 00:01:19,200 --> 00:01:22,080 Speaker 1: everybody speaks the same language and can talk to each other, 29 00:01:22,240 --> 00:01:23,160 Speaker 1: so you have to pick one. 30 00:01:23,640 --> 00:01:26,080 Speaker 3: But the point you're right, Well, what I mean is, 31 00:01:26,120 --> 00:01:28,400 Speaker 3: I don't think it matters which one you pick, because 32 00:01:28,680 --> 00:01:32,160 Speaker 3: whatever the language is, when a kid is speaking two languages, 33 00:01:32,200 --> 00:01:35,440 Speaker 3: their mind opens to the idea that that object over 34 00:01:35,480 --> 00:01:39,240 Speaker 3: their table can have several names and it's still a table. 35 00:01:39,480 --> 00:01:41,479 Speaker 3: So it makes it easier to learn a second language 36 00:01:41,520 --> 00:01:44,839 Speaker 3: and even a third language. And so yeah, you're absolutely right, Heavy. 37 00:01:45,040 --> 00:01:46,720 Speaker 3: I think you've got to have a structure around this, 38 00:01:46,840 --> 00:01:49,440 Speaker 3: and like you, guys, I would go learn to Terriomari 39 00:01:49,880 --> 00:01:52,400 Speaker 3: and then you get to pick one other one, whether 40 00:01:52,440 --> 00:01:54,680 Speaker 3: it's a French or German or Spanish, or whether it's 41 00:01:54,800 --> 00:01:57,040 Speaker 3: Chinese or Japanese, depending on where you think you want 42 00:01:57,040 --> 00:01:59,440 Speaker 3: to go in your career. Right as a kid. But 43 00:01:59,480 --> 00:02:01,320 Speaker 3: my point is. I saw it with my own kids 44 00:02:01,320 --> 00:02:05,200 Speaker 3: who went to France speaking English and came back fluent 45 00:02:05,320 --> 00:02:10,600 Speaker 3: in French, and they had this whole sense of objects 46 00:02:10,639 --> 00:02:14,280 Speaker 3: in the world having multiple names that it didn't frighten 47 00:02:14,360 --> 00:02:17,280 Speaker 3: them when they heard other languages and other people speaking languages, 48 00:02:17,280 --> 00:02:19,120 Speaker 3: and they picked up to Rio maari really well. 49 00:02:19,400 --> 00:02:21,520 Speaker 1: Yeah, well, because as trisches, once you can do one, 50 00:02:21,520 --> 00:02:23,800 Speaker 1: you can do heap, or two you can do heaps. Now, Trish, 51 00:02:23,840 --> 00:02:25,919 Speaker 1: do you like the foreign investors buying the houses? 52 00:02:26,639 --> 00:02:30,639 Speaker 2: I love the foreign investors buying the houses, and I 53 00:02:30,720 --> 00:02:36,680 Speaker 2: just feel absolutely over the political horse trading on this one. 54 00:02:36,720 --> 00:02:39,239 Speaker 2: It is absolutely common sense And let me just start 55 00:02:39,240 --> 00:02:43,639 Speaker 2: by a brick bat for labor on this. Their comments 56 00:02:43,639 --> 00:02:47,239 Speaker 2: on this today show why they are absolutely not fit 57 00:02:47,440 --> 00:02:51,240 Speaker 2: to govern at the next election, that they haven't done 58 00:02:51,320 --> 00:02:53,720 Speaker 2: any deep thinking or moved on from where they were. 59 00:02:53,800 --> 00:02:56,239 Speaker 2: So their kick back to this was this is going 60 00:02:56,280 --> 00:02:59,480 Speaker 2: to push up house prices. So two points to make. 61 00:02:59,600 --> 00:03:02,200 Speaker 2: Number one, the New Zealand housing market is in one 62 00:03:02,280 --> 00:03:05,560 Speaker 2: of the deepest and longest depressions that it has ever 63 00:03:05,680 --> 00:03:09,440 Speaker 2: been in. And number two, for goodness sake, these are 64 00:03:09,480 --> 00:03:13,360 Speaker 2: people buying five million dollar houses. The number of New 65 00:03:13,440 --> 00:03:17,799 Speaker 2: Zealanders who can afford that is absolutely tiny. So they 66 00:03:17,919 --> 00:03:20,240 Speaker 2: just really haven't got their finger on the pulse here. 67 00:03:20,280 --> 00:03:23,360 Speaker 2: And I am absolutely with you. The reason we want 68 00:03:23,400 --> 00:03:26,079 Speaker 2: people to buy here and live here and invest here 69 00:03:26,360 --> 00:03:29,080 Speaker 2: is because we need more money in the system and 70 00:03:29,160 --> 00:03:29,760 Speaker 2: more jobs. 71 00:03:29,880 --> 00:03:31,919 Speaker 1: Yes, absolutely, Josie. 72 00:03:33,120 --> 00:03:35,040 Speaker 3: Look, I'm in favor of it, but I just don't 73 00:03:35,120 --> 00:03:37,680 Speaker 3: think it's a big enough idea. And I think this 74 00:03:37,720 --> 00:03:40,920 Speaker 3: is one of the problems with the government's approach to 75 00:03:41,000 --> 00:03:44,200 Speaker 3: sort of fixing the economy, cost of living, growing the economy, 76 00:03:44,200 --> 00:03:46,080 Speaker 3: and so on, is that these people look at these 77 00:03:46,120 --> 00:03:48,680 Speaker 3: ideas and they go, Okay, that's fine. It's one percent 78 00:03:48,720 --> 00:03:51,600 Speaker 3: of housing stock. You're right, Trish, that are worth five 79 00:03:51,640 --> 00:03:54,640 Speaker 3: million dollars, so that's not much. It's probably going to 80 00:03:54,640 --> 00:03:57,720 Speaker 3: be about one hundred or so people who are of 81 00:03:57,840 --> 00:04:01,120 Speaker 3: the level to come in on this investment plan, and 82 00:04:01,160 --> 00:04:03,240 Speaker 3: you kind of go, that's fine, great, they'll spend some 83 00:04:03,280 --> 00:04:05,360 Speaker 3: money here. But the begger question is what are they 84 00:04:05,400 --> 00:04:09,200 Speaker 3: going to invest in? Because we're fast de industrializing New 85 00:04:09,280 --> 00:04:12,800 Speaker 3: Zealand in terms of our businesses. You know, do are 86 00:04:12,800 --> 00:04:15,480 Speaker 3: there enough funds? Are there enough businesses? Are there enough 87 00:04:15,480 --> 00:04:18,279 Speaker 3: things to invest in? So everything seems to be on 88 00:04:18,360 --> 00:04:22,760 Speaker 3: its way out. Methadex, Rio Tinto Steel, Timber, Fonterra is 89 00:04:22,800 --> 00:04:25,160 Speaker 3: selling off its brands and so on. So I think 90 00:04:25,279 --> 00:04:27,240 Speaker 3: one of the reasons that the polls are going down 91 00:04:27,279 --> 00:04:29,440 Speaker 3: for the government is that people look at these ideas. 92 00:04:29,440 --> 00:04:32,720 Speaker 3: There's nothing to disagree with here, really, and you look 93 00:04:32,760 --> 00:04:34,680 Speaker 3: at it and go, fine, But is that a big 94 00:04:34,800 --> 00:04:37,880 Speaker 3: enough solution to these looming problems we've got of a 95 00:04:37,960 --> 00:04:39,440 Speaker 3: country grinding to a halt. 96 00:04:39,640 --> 00:04:41,120 Speaker 1: Yeah, I think that's a fair point you make, like, 97 00:04:41,160 --> 00:04:43,159 Speaker 1: we're going to take this one right, this is good, 98 00:04:43,480 --> 00:04:46,000 Speaker 1: but we need better than this next time. Totally all right, 99 00:04:46,040 --> 00:04:47,880 Speaker 1: let's take a break with you too, come back shortly right, 100 00:04:47,920 --> 00:04:50,800 Speaker 1: you're back with the huddle Truscherson and Joseph Agani. Josie 101 00:04:50,800 --> 00:04:53,200 Speaker 1: Barry Sober says that he feels sorry for Neil Quigley 102 00:04:53,240 --> 00:04:54,440 Speaker 1: having to quit, do. 103 00:04:54,400 --> 00:04:59,040 Speaker 3: You honestly the story has more character development than most 104 00:04:59,040 --> 00:05:03,240 Speaker 3: Netflix series. Moment, it's tough on him. It is tough 105 00:05:03,240 --> 00:05:05,960 Speaker 3: on Neil quickly. I do have some sympathy for him. 106 00:05:05,960 --> 00:05:08,280 Speaker 3: He's performed well in the job, and you know, he 107 00:05:08,279 --> 00:05:11,239 Speaker 3: hasn't done such a bad job. It's just that lack 108 00:05:11,320 --> 00:05:14,320 Speaker 3: of frankness and the feeling that it's seeped out in 109 00:05:14,360 --> 00:05:17,800 Speaker 3: this really unseemly way, that we got all the facts 110 00:05:17,800 --> 00:05:22,400 Speaker 3: about about All's resignation, and I just think people, in 111 00:05:22,440 --> 00:05:24,560 Speaker 3: the end, if you don't trust the Reserve Bank and 112 00:05:24,640 --> 00:05:26,880 Speaker 3: the Chair of the Reserve Bank, you've got big, big problems. 113 00:05:26,960 --> 00:05:30,760 Speaker 3: I do think the guy who's stepping up into his position, 114 00:05:30,880 --> 00:05:34,520 Speaker 3: Roger Finley, who's actually if anyone's going to renew trust, 115 00:05:34,520 --> 00:05:36,760 Speaker 3: it'll be him. I mean, he's got a huge back 116 00:05:38,120 --> 00:05:42,240 Speaker 3: in governance and sorting out dysfunctional organizations. I think it 117 00:05:42,279 --> 00:05:45,680 Speaker 3: did banking in London in the past. So I hope 118 00:05:45,680 --> 00:05:47,760 Speaker 3: they just stopped there for a while. Just settle down, 119 00:05:47,880 --> 00:05:50,960 Speaker 3: roll your sleeves up, do the work, and stop changing 120 00:05:51,000 --> 00:05:54,000 Speaker 3: and having these drama Netflix dramas, and let's just get 121 00:05:54,000 --> 00:05:56,040 Speaker 3: on with it because they've got to recruit someone. 122 00:05:56,360 --> 00:06:00,640 Speaker 2: I have lived my adult life with the Reserve Bank's 123 00:06:00,720 --> 00:06:04,640 Speaker 2: reputation being unimpeachable, just like the exterior of that building 124 00:06:04,920 --> 00:06:09,600 Speaker 2: in Wellington, so solid, and also through my lifetime until 125 00:06:09,600 --> 00:06:12,320 Speaker 2: we got to Adrian Orr, we had what you want, 126 00:06:12,400 --> 00:06:15,240 Speaker 2: which is an old school Reserve Bank governors. They are 127 00:06:15,279 --> 00:06:18,640 Speaker 2: like the Mount Rushmore they just wheeled out, there's no emotion. 128 00:06:18,760 --> 00:06:20,599 Speaker 2: They give the facts and then they wheel them back in. 129 00:06:21,480 --> 00:06:24,559 Speaker 2: I cannot believe that the reputation of the Reserve Bank 130 00:06:24,640 --> 00:06:29,720 Speaker 2: has sunk to this level. And I think the energy 131 00:06:29,800 --> 00:06:32,240 Speaker 2: that the Reserve Bank put into trying to cover up 132 00:06:32,320 --> 00:06:38,040 Speaker 2: Adrian Or's resignation and what really happened is a serious issue. 133 00:06:38,640 --> 00:06:42,080 Speaker 2: The idea that New Zealanders weren't allowed to know what 134 00:06:42,120 --> 00:06:45,960 Speaker 2: had happened is ridiculous and in the event, we should 135 00:06:45,960 --> 00:06:49,560 Speaker 2: have known immediately. And the other point about it is 136 00:06:49,600 --> 00:06:54,200 Speaker 2: that the government has heaped on the reputational damage. So 137 00:06:54,400 --> 00:06:57,200 Speaker 2: last Monday with the Prime Minister coming on Mike Hoskins 138 00:06:57,200 --> 00:07:01,680 Speaker 2: Show and saying he has some reckons with the Reserve Bank, 139 00:07:02,120 --> 00:07:06,039 Speaker 2: the acting Governor, Christian Hawksby, I think the Nicola Willis 140 00:07:06,080 --> 00:07:09,640 Speaker 2: handling of this it has just heaped on their reputational 141 00:07:09,720 --> 00:07:12,600 Speaker 2: damage of the Reserve Bank and that is very very serious, 142 00:07:13,040 --> 00:07:15,520 Speaker 2: especially at the time wherein now. 143 00:07:15,840 --> 00:07:18,760 Speaker 1: Yeah, I totally agree. I think Josie that there are 144 00:07:18,800 --> 00:07:21,480 Speaker 1: real questions around whether Nicola Willis can actually walk away 145 00:07:21,520 --> 00:07:24,440 Speaker 1: from this completely unscathed and escape criticism because she knew 146 00:07:24,880 --> 00:07:27,360 Speaker 1: for six months, she knew that the story that they 147 00:07:27,360 --> 00:07:29,480 Speaker 1: were telling us was a bunch of porky's and she 148 00:07:29,600 --> 00:07:33,040 Speaker 1: just kept on, she kept on covering for them. That's unexcepted. 149 00:07:33,080 --> 00:07:35,720 Speaker 3: But the first mistake, the first mistake, though, is to 150 00:07:35,800 --> 00:07:37,920 Speaker 3: think that you could do a deal with Adrian or 151 00:07:37,960 --> 00:07:40,360 Speaker 3: to say this letter will be screwed up and put 152 00:07:40,400 --> 00:07:42,760 Speaker 3: on the bin and it will never come out when 153 00:07:42,920 --> 00:07:47,160 Speaker 3: you're right, trius. Something is where trust is the absolute 154 00:07:47,320 --> 00:07:51,000 Speaker 3: currency in the Reserve Bank when it comes to its role, 155 00:07:51,320 --> 00:07:54,160 Speaker 3: and if you lose that trust, you then have to 156 00:07:54,160 --> 00:07:58,000 Speaker 3: go right. We've got to name the problem, tell people 157 00:07:58,040 --> 00:07:59,960 Speaker 3: what it was. There was a breakdown in the relationship 158 00:08:00,400 --> 00:08:03,880 Speaker 3: breakdown and behavior breakdown with Adrian and Nicola Willis and 159 00:08:03,880 --> 00:08:06,160 Speaker 3: so on. Be straight up with people because we know 160 00:08:06,200 --> 00:08:08,760 Speaker 3: you're all human, but we don't trust you now that 161 00:08:08,800 --> 00:08:11,000 Speaker 3: you're going to tell us when things go wrong again. 162 00:08:11,200 --> 00:08:13,960 Speaker 3: And so whoever is coming in, whoever comes in as 163 00:08:14,000 --> 00:08:17,440 Speaker 3: the next governor, you know, Roger Finley stays as the chair. 164 00:08:17,720 --> 00:08:19,880 Speaker 3: The thing they've got to focus on more than anything 165 00:08:20,000 --> 00:08:23,640 Speaker 3: now is steady as she goes trust, transparency, tell us 166 00:08:23,680 --> 00:08:26,040 Speaker 3: everything that you know, talk us through what you're debating 167 00:08:26,080 --> 00:08:28,480 Speaker 3: in your in meetings about what you're going to do, 168 00:08:28,760 --> 00:08:31,960 Speaker 3: give us reassure us that we will know if things 169 00:08:32,000 --> 00:08:33,319 Speaker 3: are going badly wrong again. 170 00:08:33,240 --> 00:08:37,520 Speaker 1: Yep, stop telling Porky's Okay, Trish, was it windy enough 171 00:08:37,520 --> 00:08:40,120 Speaker 1: in Auckland yesterday to shut Cornwall Park? In case you 172 00:08:40,200 --> 00:08:41,600 Speaker 1: got hat by a bit of flying wood. 173 00:08:42,520 --> 00:08:48,000 Speaker 2: I am completely exercised about the fact that just general 174 00:08:48,080 --> 00:08:53,720 Speaker 2: winter weather these days means that harbor bridges are closed, 175 00:08:54,160 --> 00:08:58,240 Speaker 2: parks are closed. There is literally a mass panic. And 176 00:08:58,559 --> 00:09:00,760 Speaker 2: you know, I have to say when I read a 177 00:09:00,800 --> 00:09:05,000 Speaker 2: headline that says an atmospheric river which just means rain, 178 00:09:05,240 --> 00:09:09,559 Speaker 2: actually that's all. That is all totally hyping it up. 179 00:09:09,600 --> 00:09:10,400 Speaker 2: It's ridiculous. 180 00:09:10,400 --> 00:09:12,360 Speaker 1: What the hell is wrong with us, trash, what is 181 00:09:12,400 --> 00:09:14,520 Speaker 1: wrong with it? It's just a windy day, like a 182 00:09:14,520 --> 00:09:15,800 Speaker 1: welling today, it's. 183 00:09:15,480 --> 00:09:18,240 Speaker 2: A windy day. But what has happened to us is that, 184 00:09:18,360 --> 00:09:22,600 Speaker 2: in fairness to the managers of Cornwall Park, if you 185 00:09:22,760 --> 00:09:25,440 Speaker 2: are you know, if you're coming under the Health and 186 00:09:25,480 --> 00:09:28,840 Speaker 2: Safety Act and you and you're deemed to be one 187 00:09:28,840 --> 00:09:32,679 Speaker 2: of the safety people, you are so risk averse these 188 00:09:32,800 --> 00:09:34,880 Speaker 2: days that you do that, that you take the easy 189 00:09:34,920 --> 00:09:37,360 Speaker 2: option and you shop things like this down. That that 190 00:09:37,520 --> 00:09:41,400 Speaker 2: is why because the fear of risk and liability is 191 00:09:41,440 --> 00:09:44,559 Speaker 2: so big, but it's an absolute nonsense. And I also 192 00:09:44,600 --> 00:09:49,120 Speaker 2: would just put out a challenge to people that you know, 193 00:09:49,280 --> 00:09:52,520 Speaker 2: just look outside, assess the weather yourself, make a call 194 00:09:52,559 --> 00:09:56,160 Speaker 2: on it. It's really not that difficult. Do I need 195 00:09:56,160 --> 00:09:57,360 Speaker 2: a brolly yes or no? 196 00:09:58,600 --> 00:10:01,760 Speaker 3: Sorry, Joseph, have you've got a brain? Yeah. But one 197 00:10:01,800 --> 00:10:04,079 Speaker 3: of the consequences of this is that because we're kind 198 00:10:04,120 --> 00:10:06,520 Speaker 3: of getting the risk matrix back to front now, because 199 00:10:06,559 --> 00:10:09,720 Speaker 3: we're so terrified of making a mistake. Like you know, 200 00:10:09,760 --> 00:10:11,719 Speaker 3: we did a report to our board the other day 201 00:10:11,760 --> 00:10:13,640 Speaker 3: where we said, oh, we put a mat by the 202 00:10:13,720 --> 00:10:16,080 Speaker 3: left because when it rains people slip a little bit. 203 00:10:16,160 --> 00:10:18,200 Speaker 3: So we've put a mat down, and we've laid a 204 00:10:18,240 --> 00:10:20,319 Speaker 3: cable down and we've put taped it down so no 205 00:10:20,400 --> 00:10:22,400 Speaker 3: on trips over it. And realized at the end of 206 00:10:22,400 --> 00:10:24,560 Speaker 3: the meeting we've forgotten to say that, Oh and by 207 00:10:24,600 --> 00:10:26,640 Speaker 3: the way, Josie was in a tsunami in the Solomon 208 00:10:26,720 --> 00:10:30,080 Speaker 3: Islands last week. So your whole, your whole kind of 209 00:10:30,200 --> 00:10:33,560 Speaker 3: risk sense of what's really a risk starts to get 210 00:10:33,600 --> 00:10:36,360 Speaker 3: completely skewed, and you forget the things that are actually 211 00:10:36,400 --> 00:10:38,320 Speaker 3: a real risk, like tsunami. 212 00:10:38,440 --> 00:10:39,960 Speaker 1: Jeez, I think we might need to shut all of 213 00:10:39,960 --> 00:10:42,200 Speaker 1: Wellington down because it's quite windy. 214 00:10:42,240 --> 00:10:44,400 Speaker 2: Well, that would have to be permanent, wouldn't it If. 215 00:10:44,600 --> 00:10:46,880 Speaker 3: We've already done that, Heather, I've already done it. 216 00:10:47,200 --> 00:10:49,800 Speaker 2: There's Augusta when in a drop of rain, Wellington's gone 217 00:10:51,120 --> 00:10:51,560 Speaker 2: down there. 218 00:10:51,640 --> 00:10:53,480 Speaker 3: Yeah, and I was defintely closed. 219 00:10:54,200 --> 00:10:57,560 Speaker 1: Lockdown, lockdown for any wind guys. Thank you very much appreciated. 220 00:10:57,600 --> 00:10:59,560 Speaker 1: Trishus and Joseph Aganey are herdle this evening. 221 00:11:00,280 --> 00:11:03,440 Speaker 3: For more from Hither Duplessy Allen Drive, listen live to 222 00:11:03,520 --> 00:11:05,319 Speaker 3: news Talks at B from four p m. 223 00:11:05,400 --> 00:11:08,359 Speaker 1: Weekdays, or follow the podcast on iHeartRadio