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Speaker 1: Pressing the newsmakers to get the real story.

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Speaker 2: It's hither Duplicy Ellen drive with one New Zealand let's

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Speaker 2: get connected news.

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Speaker 1: Talk said be.

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Speaker 3: Afternoon. Coming up on the show today, the final transpower

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Speaker 3: reporters out. You know about the nuts being taken out

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Speaker 3: of the pylon. We'll speak to the Energy Minister, Simeon

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Speaker 3: Brown about that. After the five the you in General

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Speaker 3: Assembly is getting together to talk about the conflict in

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Speaker 3: the Middle East. Will talk to the Voice of America,

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Speaker 3: You in correspondent and apparently Body Barrett's going to replace

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Speaker 3: Day Damian McKenzie and number ten this weekend. Liam Napier on.

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Speaker 1: That, Heather Duplicy Ellen, Oh.

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Speaker 3: My gosh, I wish we would stop talking about a

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Speaker 3: capital gains tax. Thanks a lot to Antonio Watson, the

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Speaker 3: CEO of A and Z, for raising it again this morning.

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Speaker 3: She says she supports it in terms of fairness, as in,

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Speaker 3: you know, if you're going to tax labor, you should

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Speaker 3: tax capital. Blah blah blah. Boring The syner to me

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Speaker 3: wants to know exactly why a bank CEO is publicly

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Speaker 3: supporting a capital games tax all of a sudden but regardless,

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Speaker 3: as I say boring, So I'm only marginally interested. Then

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Speaker 3: I just move on because we have better things to

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Speaker 3: think about. It's not a fresh idea. This is why

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Speaker 3: it's so boring. It's not a fresh idea. It's been

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Speaker 3: around the block a thousand times, and usk the New

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Speaker 3: Zealand public, the voses keep on rejecting it because it's

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Speaker 3: a bad idea. Tell me what problem a capital gains

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Speaker 3: tax is going to solve. Is it gonna stop us

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Speaker 3: investing in the housing market. No, it's not, because the

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Speaker 3: housing market, I would venture, will never run as hot

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Speaker 3: again as it did even pre COVID. Never mind the

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Speaker 3: weirdness that happened in COVID, all of those gains that

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Speaker 3: we made pre COVID, that's never gonna happen again because

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Speaker 3: the Reserve Bank is gonna make sure it never happens again,

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Speaker 3: because the Reserve Bank now has the tools to stop

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Speaker 3: that from happening again. Chuck a debt to income ratio

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Speaker 3: and on what you can borrow stops. Is it gonna

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Speaker 3: fix inequality, No, it's not gonna fix inequality if inequality

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Speaker 3: is driven by the fact that you've got the money

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Speaker 3: to put money into housing, and therefore you get richer.

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Speaker 3: As I say, not gonna happen again to the extent

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Speaker 3: that it has, so you're not going to get that

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Speaker 3: level of inequality. And also it's not to bring huge

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Speaker 3: amounts of tax into the government coffers for them to

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Speaker 3: be able to redistribute to poor people. Even just Cinder's

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Speaker 3: Tax Working Group estimated it it would only bring in

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Speaker 3: about four hundred million bucks. That's zero point four percent

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Speaker 3: of tax revenue. Zero point four percent of tax revenue.

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Speaker 3: It's not even one percent. It's nothing. It's gonna bring

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Speaker 3: nothing in. And even if it got that, I would

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Speaker 3: be surprised. There's incredibly hard tax to comply with and

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Speaker 3: to collect. Honestly, good luck to the political party that

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Speaker 3: wants trot this boring old idea out of the next

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Speaker 3: election or any election. Who is this going to get excited?

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Speaker 3: Which vote is going to be like, do you know what? Yeah,

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Speaker 3: that's what I need? Capital gains tax haven't heard about

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Speaker 3: that for the last ten years. I think it tells

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Speaker 3: you a lot that even the Labor Party has started

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Speaker 3: talking about other ways to tax people. Right, they're talking

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Speaker 3: about a wealth tax, they're even talking about whatever the

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Speaker 3: hella capital income taxes, because this is more exciting to

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Speaker 3: them now than a capital gains tax, even they are

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Speaker 3: board by a CGT. Now, obviously you have to acknowledge

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Speaker 3: the fact that this may not be the last time

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Speaker 3: that we talk about a CGD because labor has to

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Speaker 3: decide exactly what they're going to do tax wise, and

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Speaker 3: they may go through the motions of talking about this

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Speaker 3: thing again. But after that, I truly hope that that

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Speaker 3: is it. We can put this thing to bed once

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Speaker 3: and for all. I truly hope that this is our

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Speaker 3: last go around of talking about this boring and frankly

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Speaker 3: bad idea.

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Speaker 1: Heever due for see Allen nine two nine two.

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Speaker 3: Oh, Actually it's not our last time, is it. We're

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Speaker 3: going to do an interview about it later on. We

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Speaker 3: had half past five, so you know, wish me luck

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Speaker 3: nine two nine two Standard text fees apply. Now here's

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Speaker 3: something interesting. Apparently, according to this wellness data that's just

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Speaker 3: out from Stats New Zealand, those of us here in

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Speaker 3: New Zealand are pretty satisfied with our lives. The overall

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Speaker 3: satisfaction rating that we've given is seven point six out

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Speaker 3: of ten, which actually isn't that different to twenty eleven

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Speaker 3: or twenty twenty one, Sorry, which was you know, you

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Speaker 3: remember COVID times. We were actually feeling pretty good at

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Speaker 3: that stage. The rest of the world was dying and

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Speaker 3: we weren't. Google Sutherlent is a clinical psychologist. Hey Google,

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Speaker 3: heh a, you're that nice to speak to you.

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Speaker 4: It's good to talk to you too.

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Speaker 3: Now, are you surprised that our well being and happiness

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Speaker 3: is holding up so well given how gloomy we are

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Speaker 3: at the moment in general?

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Speaker 4: Yeah?

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Speaker 5: Look, I was a wee. But then when I dug

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Speaker 5: into the stats, it was like, oh, no, that does

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Speaker 5: seem to be reflective of the kind of a general

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Speaker 5: temperature of society at the moment, you know. But but yeah,

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Speaker 5: I guess perhaps it was more positive than what you

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Speaker 5: might be believed to see if you're wandering around the

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Speaker 5: streets of Wellington.

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Speaker 3: So is it possible that what this says is we

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Speaker 3: are actually happy in general with our lives and our

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Speaker 3: lifestyle and the country. We know we've got it good.

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Speaker 3: It's just that we're unhappy and we're gloomy about the

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Speaker 3: trajectory of the country, like the economy and the health

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Speaker 3: system and so on.

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Speaker 5: Look, it could be I mean another interpretation is that we,

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Speaker 5: you know, we're sort of sitting there or thereabouts most

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Speaker 5: of the time, and that at particular points of time

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Speaker 5: we worry about certain things, like I'm sure in twenty

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Speaker 5: twenty one we were all worried about COVID, and now

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Speaker 5: you know, we're worried about the economy and a bit

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Speaker 5: about crime and a bit about healthcare. So maybe this

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Speaker 5: is just generally how it is, and that there's always

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Speaker 5: something to worry about, if that makes sense.

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Speaker 3: What do you make though of the decline of trust

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Speaker 3: in a bunch of institutions and in particular in Parliament,

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Speaker 3: which has fallen quite quite a lot.

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Speaker 5: Yeah, A look that saddens me, but doesn't surprise me.

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Speaker 5: I think we've seen trust levels and a lot of

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Speaker 5: those institutions slipping, particularly around the media in Parliament, and

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Speaker 5: I think it reflects a bit more of a general

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Speaker 5: distrust that people seem to be having with, you know,

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Speaker 5: with the general institutions of life. People's trust seems to

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Speaker 5: have been eroded over the past few years.

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Speaker 3: That seems to be like something quite big that needs

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Speaker 3: to be addressed, don't you think.

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Speaker 6: I do?

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Speaker 7: I do?

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Speaker 8: I think so?

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Speaker 5: I think I think we're If we're talking about some

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Speaker 5: of the key kind of institutions of our society, police, government, media,

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Speaker 5: then it's I think it's important that people do have

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Speaker 5: trust and faith in those and if we don't, then

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Speaker 5: we need to look at how do we win that

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Speaker 5: trust back and how do we not convince people? Because

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Speaker 5: I think I don't think convincing people would work, But

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Speaker 5: how do we how do we prove to people it's

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Speaker 5: maybe a better way of doing it that those institutions

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Speaker 5: are actually important and trustworthy.

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Speaker 3: Where would you put yourself out of ten?

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Speaker 5: I would put myself at about six point five? I

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Speaker 5: think I'm in Wellington. Yeah, yeah, so it's I'm not

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Speaker 5: singing from the from the rooftops, but I'm not completely

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Speaker 5: down on the dumps either. But it does feel a

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Speaker 5: bit a bit doom and gloomy here, at least in Wellington.

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Speaker 3: Is this? I mean to be fair to you. You

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Speaker 3: you have just come through a Wellington winter and I

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Speaker 3: mean that is a rough time, isn't it.

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Speaker 5: Well yeah, but nobody chooses to live here because of

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Speaker 5: the weather. Do they take that we take that as

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Speaker 5: a given that it's never going to be that great?

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Speaker 9: Hey?

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Speaker 5: But you do touch on. An interesting thing is you know,

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Speaker 5: often our mood does drop a little bit during winter,

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Speaker 5: and then you know, in spring we pop up again.

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Speaker 5: And I noticed that myself in the past couple of weeks,

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Speaker 5: just standing out and again, Oh, actually the sun's coming

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Speaker 5: up and there's blossom out and it kind of feels

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Speaker 5: spring light and there's more light around. So I don't

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Speaker 5: think we should neglect the fact that the environment has

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Speaker 5: a bit of an.

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Speaker 8: Impact on it.

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Speaker 3: Do you take vitamin D to get you through the winter.

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Speaker 3: I do not know why not.

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Speaker 5: I never thought of it to the others. I don't

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Speaker 5: feel like I've got a I haven't tested it, but

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Speaker 5: I don't feel like I've got a vitamin D deficiency.

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Speaker 5: But I do try and get out. I try and

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Speaker 5: get out in the morning and at least three or

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Speaker 5: four times during the week in daylight during winter, just

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Speaker 5: to get that soaked out in again.

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Speaker 3: Yeah yeah, well, good for you, Okay, Google, thank you Google,

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Speaker 3: suther and clinical psychologist. I think Google needs to take

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Speaker 3: vitamin D. I reckon he go from a six point

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Speaker 3: five to a solid eight point five if he's taking

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Speaker 3: the vitamin D. The reason I'm saying this is because

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Speaker 3: my mum said to me the other day, she was like,

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Speaker 3: I don't know what she was reading, probably some conspiracy

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Speaker 3: website or something again, and she said, in so much

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Speaker 3: trouble anyway, So she said to me, she said, do

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Speaker 3: you know what either she said? I read the other

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Speaker 3: day that if you grew up in a place where

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Speaker 3: you had lots of sunshine and now you don't have

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Speaker 3: as much sunshine, you should take a vitamin D because

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Speaker 3: it's very odd for you. And we grew I grew

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Speaker 3: up in a place actually instinctly where she grew up

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Speaker 3: as well, where I think we maybe got like three

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Speaker 3: or four rainy days a year, like it was a

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Speaker 3: semid is it right? So there's a hell of a

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Speaker 3: lot of sunshine. So anyway, I decided, well, you know,

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Speaker 3: it's very hard to replace that kind of level of sunshine.

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Speaker 3: So I started taking the Vitamin D. Game changer, Absolute

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Speaker 3: game changer, hasn't it been, Laura? Last two weeks? I've

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Speaker 3: just been so excited, haven't I haven't I? Yeah, that's

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Speaker 3: what I did. Yeah, I just took the Vitamin D.

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Speaker 3: They just go down to your pharmacy, get some Vitamin

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Speaker 3: D's completely natural. All that you go happy days. You'll

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Speaker 3: thank me later if it Google needs it, doesn't they

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Speaker 3: it's living in Wellington sixteen past four.

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Speaker 2: Digging deeper to the day's headlines, it's Hither Duper c

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Speaker 2: Allen Drive with one New Zealand one j of Leaf

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Speaker 2: for Business UK Sport with tab Get your bed on

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Speaker 2: r ET bet Responsibly.

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Speaker 3: Darcy water Grave, host of Sports Talk with Me.

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Speaker 6: Now, Hey, Darcy, just saying that tonight in the program

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Speaker 6: we've got Willow Rourke. I know we're not talking about

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Speaker 6: cricket right now, but this guy has been a runaway

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Speaker 6: success since he started playing Test cricket. So yeah, we'll

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Speaker 6: have a chat to him about make some tick.

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Speaker 3: Please ask him if he's going to do T twenty right,

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Speaker 3: because we don't want him to go anywhere near the

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Speaker 3: otherwise we're going to lose him.

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Speaker 6: He's really tall and long and he'll break Yeah, stick

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Speaker 6: around the Yeah, absolutely, I'm going to tell him.

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Speaker 10: What to do.

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Speaker 3: Hey, So is Liam Napier right? Is Body Barrett going

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Speaker 3: to be replacing Demo?

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Speaker 6: Put it this way, Liam Napier is really incorrect, rarely

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Speaker 6: not really rarely incorrect. He would know you'd think that

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Speaker 6: with eight shots at first five eight and he hasn't

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Speaker 6: made any huge steps forward. Damien McKenzie that maybe patients

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Speaker 6: is wearing a little thin with Scott robertson. Look, I've

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Speaker 6: given you plenty of rope and you've not done what

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Speaker 6: I want with it. Yeah, you've tripped yourself up on it.

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Speaker 6: So we're going to go somewhere else. Interestingly, the Herald

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Speaker 6: have got a pole. This is very scientific, this is completely.

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Speaker 3: I looked at carry poles.

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Speaker 6: Yeah, a forty percent of people want Bowden Barrett starting

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Speaker 6: at under ten, twenty three percent want Richie Muwanga, who's

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Speaker 6: not available. Starting at ten, it's Harry Harry Plummer at

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Speaker 6: eighteen percent, and then Damon McKinnon seventeen percent.

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Speaker 11: Ye.

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Speaker 6: Look, they've given him chances and I'll keep saying this

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Speaker 6: and this is no slight on him as a human,

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Speaker 6: but I don't feel safe with him in the ten Jerzy.

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Speaker 6: I don't when he relines up like what are you

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Speaker 6: going to do now? And like I'm only a punder

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Speaker 6: on the sideline imagining the team a game.

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Speaker 12: What's he going to do now?

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Speaker 3: Listen, I'm gonna try as.

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Speaker 6: A crazy backhand mad person. I don't know they I

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Speaker 6: mean a play he converted so well over the win.

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Speaker 3: My favorite was when he passes at No.

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Speaker 13: One.

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Speaker 3: I think that's quite interesting in the stands. Okay, so

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Speaker 3: what's going to happen, obviously is we're gonna so Damien's

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Speaker 3: out body takes that spot and then Will Jordan takes

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Speaker 3: body spot right in the fullback you'd think, so, how

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Speaker 3: much of this is about trying to get Will Jordan

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Speaker 3: into fullback where he's playing well, which means you have

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Speaker 3: to put body somewhere else into maybe number ten? How

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Speaker 3: much of this is actually about the wanting body and

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Speaker 3: Jordan on the field rather than wanting Damien off the field.

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Speaker 3: Do you know what I mean?

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Speaker 6: Yeah, I think it's more of a It's not a

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Speaker 6: Jordan move. I think we've seen from Jordan on the wing.

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Speaker 6: He's played most of his tests on the wing. Fact

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Speaker 6: we don't look. He played very well at fullback last

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Speaker 6: week and there has no doubt about that. That's what

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Speaker 6: his possession. He likes to play. He hasn't been electric

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Speaker 6: at fullback when he has played with South Africans. He

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Speaker 6: just didn't have the room to do anything. But he

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Speaker 6: wasn't settled in that role. I think that Damien McKenzie.

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Speaker 6: His best rugby has been off the bench, and I

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Speaker 6: think when you've got tiring bodies, confused legs and the like,

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Speaker 6: you bring this guy on and he can just cut

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Speaker 6: Mary Capers. So I think it's a pragmatic move should

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Speaker 6: it happen from Scott robertson the other thing is what

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Speaker 6: happens with Jordy. No Jordy in the midfield because he's

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Speaker 6: all broken up with his knee. What'll we work it? It

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Speaker 6: was stead of So what happens there we don't know.

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Speaker 6: But the team comes out to my reget an idea

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Speaker 6: and of course you know what he discussed this too.

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Speaker 6: They haven't won the essence twenty eighteen.

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Speaker 3: Shouldn't laugh at wow really quickly? What the hell's gone wrong?

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Speaker 3: For the White fans? Is ten in a row?

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Speaker 6: Now, I mean, what's gone wrong? What carries on going wrong?

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Speaker 6: Because it's been such a long it's actually eleven internationals

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Speaker 6: on the bounce now one of those was a one

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Speaker 6: day international. There was some highlights, but again I do

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Speaker 6: wonder about the say the top couple of inches, about

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Speaker 6: their faith and their own ability to get the job done,

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Speaker 6: and I think that might be wavering. I think that

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Speaker 6: with the ball they're going particularly well. There's some real

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Speaker 6: highlights there, just can't score the runs. And I was

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Speaker 6: watching it last night. It was it was looking good.

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Speaker 6: It started well, Plummer looked fantastic. I was like, Okay,

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Speaker 6: this is going somewhere and then suddenly five works close

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Speaker 6: but no cigar and close does it win you?

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Speaker 3: Titled Darcy thank you looking forward to your chat with

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Speaker 3: Willow Rourke. That's Darcy Watergrave horse back in seven three.

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Speaker 2: Heather Duplicy Allen cutting through the noise to get the facts.

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Speaker 2: It's Hither Duplicy Allen drive with one New Zealand let's

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Speaker 2: get connected and news talk as they'd be either.

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Speaker 3: No way can Boden Barrett start at number ten. You

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Speaker 3: must have your best goalkeeper on the park and that

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Speaker 3: is McKenzie. We're going to talk to lim Napier about this.

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Speaker 3: Lim Napier broke the story in the Herald today that

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Speaker 3: body's going to get the call up, so we'll have

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Speaker 3: a chat to him about quarter past five about that.

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Speaker 3: Willie Jackson. Willie Jackson got all fired up in Parliament

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Speaker 3: this morning debating a bill on custom memorine titles. And

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Speaker 3: the bill is designed to give sovereignty back to Parliament

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Speaker 3: and take sovereignty away from the courts essentially sort of broadly.

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Speaker 3: And this is what Willy said.

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Speaker 14: Here's the problem.

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Speaker 15: Made him speaker. What happens if we've got a few

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Speaker 15: maniacs in parliament, that's the problem. When the mad people

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Speaker 15: take over you, so you get you might get rid

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Speaker 15: nick right wing nut jobs? Made him speaker. No, this

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Speaker 15: is a fact. So yeah, let's return this. So let's

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Speaker 15: make this sovereign cause parliament knows fists. But what if

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Speaker 15: parliament have got nut jobs?

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Speaker 3: He should not talk about himself like that. That is

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Speaker 3: not kind to He needs to go see Google the

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Speaker 3: clinical psychologists. If that is how low he's fee, who's

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Speaker 3: the biggest nut job in parliament? It's Willy? What the

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Speaker 3: hell Willy? Also is he actually standing there and arguing

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Speaker 3: against parliamentary sovereignty, which is like the foundational idea of

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Speaker 3: our western liberal democracy. I can't even help him if

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Speaker 3: he's at that point. This is the same guy who

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Speaker 3: thinks that democracy needs to be changed and stuff. So

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Speaker 3: eater had its day apparently anyway, that's happening in Parliament

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Speaker 3: at the moment. On another subject, altogether, we have got

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Speaker 3: the final report into the incident where the crew took

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Speaker 3: all the nuts off the pylon, which made them which

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Speaker 3: made the pylon fall over. It turns out it's not

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Speaker 3: the only time that something like this has happened. According

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Speaker 3: to the report, there is evidence that the removal of

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Speaker 3: all the nuts from more than one tower leg was

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Speaker 3: not a one off event. I don't know what to say,

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Speaker 3: just wow about that, simit oh, and we're talking to

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Speaker 3: Simmy and Brown about that after five o'clock. Now there's

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Speaker 3: a reason we're talking to Simmy and Brown and I

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Speaker 3: will elose a date on that when we get the

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Speaker 3: opportunity in the next half hour. I think have a

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Speaker 3: guess why Transpower is not talking to us?

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Speaker 16: Headline shortly, hard Questions, Strong opinion, Heather due for see

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Speaker 16: Ellen Drive with one New Zealand let's get connected and

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Speaker 16: news talk as it'd be, let's get something to burn.

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Speaker 3: So to put Ferris who is oh mate from down

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Speaker 3: south from the Maori party who called all MP's liars

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Speaker 3: in the house the other day and then lied to

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Speaker 3: the house when they said, hey, did you just call

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Speaker 3: MP's liars and he was like nah. So he's been

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Speaker 3: referred to the Privileges Committee, Barry sooball talk us through

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Speaker 3: that shortly. Also, Dan Mitchinson is standing by. And the

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Speaker 3: situation of the Middle East, by the way, was sent

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Speaker 3: to stage at the UN General Assembly today got the

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Speaker 3: world leaders all coming together to discuss what's going on

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Speaker 3: in Lebanon and Gaza and so on. So we're going

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Speaker 3: to go to a correspondent at the Union at the UN, sorry,

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Speaker 3: who could just give us a little bit of a

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Speaker 3: taste of what's going on there at the moment. Goalkeeper

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Speaker 3: stay off sport, you numpty a test. I read a text,

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Speaker 3: So whoever sent the text is the numpty, not me?

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Speaker 3: And they have corrected themselves and they said, Heather, sorry, goalkicker,

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Speaker 3: not goalkeeper bloody spell thingies. So you take that back

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Speaker 3: twenty four away from five it's.

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Speaker 2: The world wires on news talks. It'd been drive.

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Speaker 3: World leaders gathered at the UN General Assembly in New York.

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Speaker 3: Biden gave his last speech, Thank God as Israel and

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Speaker 3: Lebanon Raman on tender hooks.

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Speaker 10: I recognize the challenges from Ukraine to Gaza to Sudan

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Speaker 10: and beyond war, hunger, terrorism, brutality. I truly believe we're

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Speaker 10: in another inflection point ural history. But the choices we

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Speaker 10: make today will determine our future for decades to come.

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Speaker 3: Meanwhile, Israel continued the strikes overnight, two more strikes in

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Speaker 3: Lebanon's capital, the third time in five days.

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Speaker 17: That their roots been hit. Shredded bodies too graphic to

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Speaker 17: show were blown onto khar Rus. The Israeli forces said

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Speaker 17: they targeted the head of Hezbolla's Missiles and Rockets Unit,

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Speaker 17: Mohammad Kabisi and other commanders.

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Speaker 3: To the UK and new Prime Minister Kiirs Starmer had

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Speaker 3: something else on his mind during the Labor Party conference speech.

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Speaker 18: I call again from immediate ceasefire in Gaza, the return

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Speaker 18: of the sassages hospital.

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Speaker 3: He did He meant to say return of the hostages.

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Speaker 3: It's a return of the sausages. Nice. Oh well, anyway,

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Speaker 3: then we come to Donald Trump's effort for the day.

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Speaker 1: I have a chart that's my all time favorite. I

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Speaker 1: love that is it around? I love that chart. I

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Speaker 1: sleep with that chart every night.

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Speaker 9: I kissed her.

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Speaker 1: I love it.

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Speaker 6: Has that chart saved my life.

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Speaker 4: I looked at the rape.

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Speaker 3: Bing He's having a good sign. And finally, the annual

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Speaker 3: Cream Cheese Festival in New York has successfully created the

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Speaker 3: world's biggest cheesecake. It weighs in at fifteen thousand pounds

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Speaker 3: of goodness. And the cheesecake was sliced and then it

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Speaker 3: was served to the festival attendees and the leftovers were

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Speaker 3: donated to local food banks.

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Speaker 2: International correspondence with Ends and Eye Insurance, peace of mind

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Speaker 2: for New Zealand business.

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Speaker 3: Hither you actually are a numpty. That's fair, but it

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Speaker 3: wasn't because of that Texas for other reasons altogether, Dan Mitchison,

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Speaker 3: you correspondence with us, say Dan, Hey, Heather, Okay, So

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Speaker 3: what do you make of the polls? Do you think

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Speaker 3: based on what you're seeing? Kamala wins.

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Speaker 12: I am seeing right now the biggest lead that I

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Speaker 12: have seen from Democrats in the last eighteen months. I

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Speaker 12: mean right now, Kamala Harris, depending on which pole you're

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Speaker 12: looking at, she is neck and neck with Donald Trump,

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Speaker 12: or she is a good six or seven percentage points

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Speaker 12: ahead of him in the latest Reuter's poll. And even

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Speaker 12: if you factor in a margin of error of three

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Speaker 12: or four, I mean, that's still given our solid three

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Speaker 12: or four percent lead, and that's all you really need.

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Speaker 3: Right that national or is that in the Swing States,

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Speaker 3: that's national Well who cares?

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Speaker 1: Now?

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Speaker 3: Who cares? Well, it's yeah, you have the Swing States.

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Speaker 12: I mean well, plus I mean you have Biden supporters

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Speaker 12: in earlier polls who said they were largely expressing opposition

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Speaker 12: to Trump with their choice. And that was my question

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Speaker 12: all along too. When I see these polls right now

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Speaker 12: is is you know? And I don't know what the

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Speaker 12: Vaga sods are be because they've been on everything, But

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Speaker 12: the question is are people really voting for Harris or

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Speaker 12: are they just voting against Donald Trump? Right now, I

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Speaker 12: think more people are starting to vote against Donald Trump

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Speaker 12: than they are for Harris.

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Speaker 3: So the reason I was mentioning the Swing States is

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Speaker 3: because the Democrats themselves are apparently quite concerned, and this

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Speaker 3: is according to a report from The Guardian yesterday, quite

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Speaker 3: concerned that Trump's lead in the Swing States is not

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Speaker 3: enough and he always underpolls in the swings all sex

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Speaker 3: beside Nevada. I think he always underpolls and then he

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Speaker 3: over delivers on the day. And if he over delivers

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Speaker 3: this year to the same margin that he over delivered

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Speaker 3: in twenty twenty, he actually wins the Swing States, and

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Speaker 3: he wins the election.

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Speaker 12: He will, And I think that's why Kamala Harris is

436
00:20:43,040 --> 00:20:45,240
Speaker 12: so focused on a lot of these swing states right now,

437
00:20:45,240 --> 00:20:47,200
Speaker 12: because you're right, Democrats tend to come out on the

438
00:20:47,280 --> 00:20:49,560
Speaker 12: day of the vote. A lot of Republicans, well, actually

439
00:20:49,600 --> 00:20:51,639
Speaker 12: a lot of Democrats also are mailing in votes, and

440
00:20:51,680 --> 00:20:53,200
Speaker 12: that's what we've been able to do for the last

441
00:20:53,240 --> 00:20:54,639
Speaker 12: week right now, So I think you're going to have

442
00:20:54,680 --> 00:20:57,159
Speaker 12: a lot of people watching not only that, but the

443
00:20:57,200 --> 00:21:00,880
Speaker 12: actual turnout, people actually going to the poles in these

444
00:21:00,920 --> 00:21:03,960
Speaker 12: swing states too. And you know what, anybody that says

445
00:21:03,960 --> 00:21:05,560
Speaker 12: they haven't made up their mind by this point, I

446
00:21:05,560 --> 00:21:07,520
Speaker 12: mean I think there's two percent of voters that said

447
00:21:07,520 --> 00:21:09,840
Speaker 12: they haven't chosen a candidate right now. I think everybody

448
00:21:09,880 --> 00:21:12,399
Speaker 12: that is going to vote knows who they are going

449
00:21:12,440 --> 00:21:13,639
Speaker 12: to vote for at this point in time.

450
00:21:14,160 --> 00:21:17,040
Speaker 3: Yeah, I think this is going to be interesting because

451
00:21:17,160 --> 00:21:19,040
Speaker 3: I think that there are so many doubts about the

452
00:21:19,040 --> 00:21:21,400
Speaker 3: polls that you're almost engaged right to the last minute.

453
00:21:21,440 --> 00:21:21,600
Speaker 9: Day.

454
00:21:22,640 --> 00:21:25,200
Speaker 3: Tell me something, why is this guy on deathrow Missouri

455
00:21:25,240 --> 00:21:26,000
Speaker 3: being executed?

456
00:21:26,000 --> 00:21:28,960
Speaker 12: When they were questions, Well, there were a lot of questions,

457
00:21:29,560 --> 00:21:32,680
Speaker 12: You're right, and that's why there's been so much blowback

458
00:21:32,720 --> 00:21:34,359
Speaker 12: on that fifty five year old guy. He died of

459
00:21:34,440 --> 00:21:37,760
Speaker 12: lethal injection. The office that originally tried the case suggests

460
00:21:37,760 --> 00:21:41,040
Speaker 12: he was wrongfully convicted. And you've got a Republican attorney

461
00:21:41,160 --> 00:21:44,719
Speaker 12: general who pushed forward with this against the wishes of

462
00:21:44,760 --> 00:21:48,800
Speaker 12: the prosecuting attorney's office, and even a lot of drawers

463
00:21:49,400 --> 00:21:51,560
Speaker 12: who were on the trial that decided that they opposed

464
00:21:51,560 --> 00:21:54,879
Speaker 12: his execution. And this guy was accused of killing a

465
00:21:54,880 --> 00:21:58,840
Speaker 12: social worker and a former news reporter for a newspaper,

466
00:21:59,640 --> 00:22:01,880
Speaker 12: breaking into her home, stabbing her to death, stealing several

467
00:22:01,920 --> 00:22:05,120
Speaker 12: of her belongings. But they couldn't find any forensic evidence

468
00:22:05,160 --> 00:22:07,560
Speaker 12: linking him to the murder weapon or the crime scene,

469
00:22:07,840 --> 00:22:11,040
Speaker 12: and so the prosecutors renounced his conviction. The victim's family

470
00:22:11,200 --> 00:22:14,520
Speaker 12: came forward, several trial drawers also came forward and said

471
00:22:14,520 --> 00:22:18,119
Speaker 12: they opposed the execution, but they went ahead with it. Nonetheless.

472
00:22:18,400 --> 00:22:22,239
Speaker 3: Oh Jesus, that's a problematic, isn't it.

473
00:22:23,000 --> 00:22:23,200
Speaker 4: Now?

474
00:22:23,359 --> 00:22:26,200
Speaker 3: She did he a So we've got another woman who's

475
00:22:26,240 --> 00:22:28,000
Speaker 3: making allegations. Well, she got to.

476
00:22:28,000 --> 00:22:31,840
Speaker 12: Say, well, this goes back about twenty years ago, and

477
00:22:31,920 --> 00:22:34,760
Speaker 12: it was a lawsuit that was just filed today, and

478
00:22:35,440 --> 00:22:39,040
Speaker 12: this alleges that she along with Diddy and another man.

479
00:22:40,440 --> 00:22:42,520
Speaker 12: I guess it was his bodyguard. They had a security

480
00:22:42,520 --> 00:22:44,280
Speaker 12: at the time, gave her a drink and they think

481
00:22:44,280 --> 00:22:46,159
Speaker 12: it was laced with some kind of drug and she

482
00:22:46,280 --> 00:22:50,200
Speaker 12: passed out in a recording studio and she was assaulted

483
00:22:50,320 --> 00:22:54,840
Speaker 12: and they recorded her, and Combs and the other man

484
00:22:54,880 --> 00:22:56,760
Speaker 12: allegedly showed the video to a number of other men,

485
00:22:56,840 --> 00:22:58,840
Speaker 12: and they're saying, you know, for a number of reasons,

486
00:22:58,880 --> 00:23:00,960
Speaker 12: to humiliate her and for a few other things. And

487
00:23:01,000 --> 00:23:03,080
Speaker 12: so this suit has come out, and of course this

488
00:23:03,160 --> 00:23:05,320
Speaker 12: comes out just you know, a little over a week

489
00:23:05,359 --> 00:23:09,119
Speaker 12: after prosecutes to prosecutors accused him of sex trafficking and

490
00:23:09,160 --> 00:23:12,160
Speaker 12: abusing other women. So are other people going to come

491
00:23:12,160 --> 00:23:14,119
Speaker 12: out against him? If I was a betting man, I

492
00:23:14,119 --> 00:23:16,399
Speaker 12: would say there's a ninety nine percent chance that this

493
00:23:16,520 --> 00:23:19,240
Speaker 12: is just the tip of the iceberg for this guy.

494
00:23:19,560 --> 00:23:23,520
Speaker 3: Dan, thank you, I appreciate it. Dan Mitchison, US correspondent

495
00:23:25,200 --> 00:23:27,520
Speaker 3: Heather Vitamin D your beast bit is actually to have

496
00:23:27,560 --> 00:23:29,359
Speaker 3: an orange a day with breakfast. I mean, for the

497
00:23:29,359 --> 00:23:31,439
Speaker 3: most part, Actually you don't need to take supplements do

498
00:23:31,480 --> 00:23:33,080
Speaker 3: You can actually get the stuff out of you actual

499
00:23:33,520 --> 00:23:35,159
Speaker 3: just out of eating the right kinds of things. But

500
00:23:35,320 --> 00:23:39,680
Speaker 3: you know then you can probably just take a supplement

501
00:23:39,680 --> 00:23:41,600
Speaker 3: as an extra. I don't know. I'm not a licensed

502
00:23:41,560 --> 00:23:45,359
Speaker 3: medical protection practitioner. Don't listen to me. Chris Luckson's media

503
00:23:45,400 --> 00:23:49,479
Speaker 3: guy has quit only ten months into the government. I'm

504
00:23:49,520 --> 00:23:51,359
Speaker 3: going to talk about this with Barry when he's with us.

505
00:23:51,359 --> 00:23:52,639
Speaker 3: I'll give you give you a bit of an insight

506
00:23:52,680 --> 00:23:54,320
Speaker 3: into this one seventeen away from.

507
00:23:54,160 --> 00:23:57,520
Speaker 1: Five Politics with Centric and Credit. Check your customers and

508
00:23:57,520 --> 00:23:59,080
Speaker 1: get payments, certainty.

509
00:23:59,000 --> 00:24:01,920
Speaker 3: Barry so Bowsing loditical correspondence with us Berry. Hello, good

510
00:24:01,960 --> 00:24:05,159
Speaker 3: afternoon here that oh, what a surprise about the transpower.

511
00:24:05,760 --> 00:24:08,080
Speaker 13: Well, we could have saved them the inquiry, couldn't we

512
00:24:08,160 --> 00:24:11,919
Speaker 13: Because we said within hours of seeing well within minutes,

513
00:24:11,960 --> 00:24:14,760
Speaker 13: i should say, of seeing the photograph, was pretty obvious

514
00:24:14,800 --> 00:24:18,480
Speaker 13: that the pylon collapse because the bolts were What's.

515
00:24:18,280 --> 00:24:20,320
Speaker 3: Interesting is that it's not the first time that all

516
00:24:20,400 --> 00:24:22,400
Speaker 3: of the bolts were taken out of more than one leads.

517
00:24:22,480 --> 00:24:25,919
Speaker 13: Yes, exactly, and that's something that we've learned from this inquiry.

518
00:24:26,000 --> 00:24:31,480
Speaker 13: And also the absolute cost to the province of Northland

519
00:24:31,560 --> 00:24:36,040
Speaker 13: eighty eight thousand people without power. The cost to Northland

520
00:24:36,240 --> 00:24:39,480
Speaker 13: was massive, as the Energy Minister Simeon Brown outlined in

521
00:24:39,480 --> 00:24:40,600
Speaker 13: Parliament this afternoon.

522
00:24:41,040 --> 00:24:44,600
Speaker 19: The report identifies a range of estimates between thirty seven

523
00:24:44,680 --> 00:24:47,520
Speaker 19: point five million and eighty million dollars of lost economic

524
00:24:47,560 --> 00:24:50,760
Speaker 19: activity for Northland. The report recounts how concerns are raised

525
00:24:50,760 --> 00:24:54,440
Speaker 19: by senior engineer within Transpower in twenty twenty one regarding

526
00:24:54,440 --> 00:24:58,160
Speaker 19: a gap in the knowledge of maintenance crews undertaking foundation work,

527
00:24:58,560 --> 00:25:02,440
Speaker 19: but that the recommendations improvement by Transpower were not acted on.

528
00:25:02,760 --> 00:25:06,480
Speaker 19: And the report also identifies that the removal of all

529
00:25:06,800 --> 00:25:09,320
Speaker 19: the nuts from the base plates from more than one

530
00:25:09,600 --> 00:25:12,600
Speaker 19: tower leg was not a one off event.

531
00:25:12,880 --> 00:25:15,240
Speaker 20: I have a question to the minister whether or not

532
00:25:15,320 --> 00:25:19,160
Speaker 20: the government is considering compensation and whether that will be

533
00:25:19,200 --> 00:25:24,240
Speaker 20: provided to effective businesses and residents, and whether that is

534
00:25:24,280 --> 00:25:27,840
Speaker 20: something that has been actively pursued by the government.

535
00:25:28,440 --> 00:25:28,680
Speaker 12: Yeah.

536
00:25:28,720 --> 00:25:31,840
Speaker 13: Well that question came from Megan Woods, who was the

537
00:25:32,000 --> 00:25:35,879
Speaker 13: Energy Minister at the time when Transpower was alerted to

538
00:25:35,960 --> 00:25:40,320
Speaker 13: the major problem the disconnect between maintenance crews and the

539
00:25:40,320 --> 00:25:43,040
Speaker 13: company itself. So I think you're.

540
00:25:42,840 --> 00:25:45,400
Speaker 3: Talking about the senior the senior engineer who in twenty

541
00:25:45,440 --> 00:25:48,000
Speaker 3: twenty one warned Transpower that this guy's doing the word

542
00:25:48,000 --> 00:25:51,520
Speaker 3: we made recommendation, didn't realize what they were doing. No, yes,

543
00:25:51,560 --> 00:25:53,840
Speaker 3: but do you really expect that Meghan Woods knew that

544
00:25:53,920 --> 00:25:56,639
Speaker 3: level of detail of what transpower? I think this is

545
00:25:56,680 --> 00:25:58,120
Speaker 3: a transpower problem, not a Megan.

546
00:25:58,359 --> 00:26:01,000
Speaker 13: No no, true. But I just thought that her getting

547
00:26:01,080 --> 00:26:04,119
Speaker 13: up and saying that that she was the minister at

548
00:26:04,119 --> 00:26:05,720
Speaker 13: the time, and I think it was probably a bit

549
00:26:05,880 --> 00:26:06,800
Speaker 13: rich coming from her.

550
00:26:07,200 --> 00:26:08,800
Speaker 3: I feel like there should be some copper for the

551
00:26:08,800 --> 00:26:12,560
Speaker 3: people in Northland. So whoever advocates for them at the moment, whatever, right, yeah,

552
00:26:12,760 --> 00:26:15,800
Speaker 3: thank you, So you make Takuta Ferris is off to

553
00:26:15,800 --> 00:26:16,919
Speaker 3: the Privileges Committee.

554
00:26:17,040 --> 00:26:21,840
Speaker 13: Yeah, we all know what happened last Wednesday. Today, though,

555
00:26:21,880 --> 00:26:25,520
Speaker 13: I've got to say Ferris was digging his whole even deeper,

556
00:26:25,560 --> 00:26:29,600
Speaker 13: appearing holier than thou, quoting at length and iahu chair

557
00:26:29,840 --> 00:26:33,160
Speaker 13: justin deeper talking about the Treaty Principals Bill.

558
00:26:33,560 --> 00:26:37,240
Speaker 19: You can't have a reasonable, reasonable debate with a person

559
00:26:37,600 --> 00:26:39,479
Speaker 19: or party who just thought the truth.

560
00:26:40,080 --> 00:26:44,200
Speaker 13: Yeah, well, he should look at his own principles following

561
00:26:44,280 --> 00:26:46,800
Speaker 13: the denial he made last week lies.

562
00:26:46,840 --> 00:26:49,240
Speaker 19: In other words, many in this House are masters of it.

563
00:26:49,480 --> 00:26:51,560
Speaker 14: If that is what the members said, then he should

564
00:26:51,640 --> 00:26:54,760
Speaker 14: withdraw and apologize as quickly as possible.

565
00:26:54,920 --> 00:26:55,919
Speaker 8: I haven't made this sement.

566
00:26:56,280 --> 00:26:56,520
Speaker 21: Yeah.

567
00:26:56,560 --> 00:27:00,359
Speaker 13: Well today the Speaker, Jerry Brownie said off to the

568
00:27:00,440 --> 00:27:02,400
Speaker 13: sinbin to explain himself.

569
00:27:02,160 --> 00:27:04,520
Speaker 14: Following a point of order alleging that he had called

570
00:27:04,760 --> 00:27:08,639
Speaker 14: members liars. Mister Ferris replied to me, quote, I haven't

571
00:27:08,680 --> 00:27:11,480
Speaker 14: made that statement, and denying that he made the statement.

572
00:27:11,560 --> 00:27:15,000
Speaker 14: It is possible that mister Ferris has himself deliberately misled

573
00:27:15,040 --> 00:27:17,600
Speaker 14: the House. That is a matter for the Privileges Committee

574
00:27:17,640 --> 00:27:18,160
Speaker 14: to judge.

575
00:27:18,400 --> 00:27:20,960
Speaker 13: Well, I can save them the time and effort for

576
00:27:21,040 --> 00:27:25,800
Speaker 13: that as well. Heather that he clearly did mislead the

577
00:27:25,880 --> 00:27:30,479
Speaker 13: House and now I guess it's the penalty that now

578
00:27:30,640 --> 00:27:33,439
Speaker 13: they'll now bestow upon him which will be of the

579
00:27:33,480 --> 00:27:36,520
Speaker 13: most interest, and I would imagine his risk is going

580
00:27:36,560 --> 00:27:38,359
Speaker 13: to be rather sore after a bus tickets.

581
00:27:38,520 --> 00:27:41,800
Speaker 3: I mean, it's the Privileges Committee who cares. But have

582
00:27:41,880 --> 00:27:43,320
Speaker 3: we heard from the Malori party yet?

583
00:27:44,280 --> 00:27:47,239
Speaker 13: No, we haven't once they had the opportunity, And this

584
00:27:47,320 --> 00:27:49,720
Speaker 13: is supreme arrogance to me in Parliament. If you have

585
00:27:50,240 --> 00:27:53,359
Speaker 13: some standards, and we've looked at the standards in the

586
00:27:53,400 --> 00:27:57,919
Speaker 13: debating chamber and they have diminished considerably. I think in

587
00:27:58,000 --> 00:28:00,520
Speaker 13: recent years. I've got to say this nothing to do

588
00:28:00,560 --> 00:28:02,480
Speaker 13: with Jerry Brownie. Jerry Brownie, I think has been a

589
00:28:02,600 --> 00:28:06,439
Speaker 13: very good chairman. He gives much more latitude than what

590
00:28:06,560 --> 00:28:09,720
Speaker 13: other speakers have done, and I think people feel that

591
00:28:09,760 --> 00:28:12,800
Speaker 13: they're a bit more involved. But the standards in the

592
00:28:12,880 --> 00:28:16,440
Speaker 13: House for some of the morons that stand up and

593
00:28:16,480 --> 00:28:19,240
Speaker 13: make points like this one, I think they have to

594
00:28:19,280 --> 00:28:22,680
Speaker 13: be pulled up because I guess the dignity of Parliament

595
00:28:22,680 --> 00:28:26,680
Speaker 13: has to be maintained. And you can't call you colleagues liars.

596
00:28:27,000 --> 00:28:29,960
Speaker 3: Barry, what do you make of Chris Luckson's chief media guy,

597
00:28:30,000 --> 00:28:32,600
Speaker 3: Hamish Rutherford quitting after ten months? Well job.

598
00:28:32,800 --> 00:28:36,439
Speaker 13: It's interesting when you consider that he has worked with

599
00:28:36,640 --> 00:28:41,280
Speaker 13: and for Chris Luckson for almost two years because when

600
00:28:41,360 --> 00:28:44,600
Speaker 13: Luckson was the leader of the Opposition, of course, Hamish

601
00:28:44,680 --> 00:28:48,440
Speaker 13: left The Herald in his business role there and went

602
00:28:48,480 --> 00:28:51,080
Speaker 13: to work for him, so he knows he would know

603
00:28:51,240 --> 00:28:54,040
Speaker 13: Luxon pretty well. By now, I've done a bit of

604
00:28:54,040 --> 00:28:57,320
Speaker 13: a talking around to see what sort of boss that

605
00:28:57,720 --> 00:29:02,360
Speaker 13: Chris Luckson would be. The phrases that I was offered

606
00:29:02,480 --> 00:29:08,440
Speaker 13: was hard charging, whatever that means, relentless, tough, task master,

607
00:29:09,360 --> 00:29:12,600
Speaker 13: doing a lot of social media, which has said has

608
00:29:12,800 --> 00:29:16,920
Speaker 13: been suggested to me is something of an obsession for him.

609
00:29:17,040 --> 00:29:20,560
Speaker 13: But you know, you would say all those attributes are

610
00:29:20,560 --> 00:29:22,280
Speaker 13: what you would expect in a leader.

611
00:29:22,320 --> 00:29:24,240
Speaker 3: I've heard micromanager doesn't take advice.

612
00:29:24,520 --> 00:29:27,520
Speaker 13: Well, maybe that, and maybe at times is a bit

613
00:29:27,560 --> 00:29:30,760
Speaker 13: indiscreet about the people who are working for and around him.

614
00:29:30,960 --> 00:29:34,440
Speaker 3: I think when you listen, Barry, when you become the

615
00:29:34,480 --> 00:29:37,200
Speaker 3: media guy for someone who's going to be the prime

616
00:29:37,280 --> 00:29:39,280
Speaker 3: minister and after ten months you decide you don't want

617
00:29:39,320 --> 00:29:40,840
Speaker 3: to do the job anymore, I think that's a poor

618
00:29:40,960 --> 00:29:44,440
Speaker 3: reflection of something's gone wrong here in the relationship between

619
00:29:44,480 --> 00:29:45,360
Speaker 3: the two of them, right.

620
00:29:45,240 --> 00:29:47,800
Speaker 13: Well, because something's gone wrong with one of them, one

621
00:29:47,920 --> 00:29:49,959
Speaker 13: or the other. I haven't talked to you, Hamish, because

622
00:29:50,280 --> 00:29:53,080
Speaker 13: I thought I'd rather talk to others just to see

623
00:29:53,120 --> 00:29:53,520
Speaker 13: how things.

624
00:29:53,760 --> 00:29:56,720
Speaker 3: He's too classy to say anything bad about Chris Luxen.

625
00:29:56,840 --> 00:29:59,680
Speaker 3: Oh all right, Barry, thanks very much, appreciate it. Barry Soper,

626
00:29:59,680 --> 00:30:01,760
Speaker 3: Senior political correspondent, eight away for five.

627
00:30:03,200 --> 00:30:07,640
Speaker 2: Putting the term questions to the newspeakers, the mic asking breakfast.

628
00:30:07,120 --> 00:30:09,560
Speaker 22: Andrew Costa is with us, what are your observations of

629
00:30:09,600 --> 00:30:12,760
Speaker 22: the politics of being a police commissioner. As you exit

630
00:30:12,760 --> 00:30:13,880
Speaker 22: this particular role.

631
00:30:13,880 --> 00:30:16,480
Speaker 2: I think it's been a really interesting time. I don't

632
00:30:16,520 --> 00:30:18,560
Speaker 2: know that this is unique to New Zealand, but it

633
00:30:18,680 --> 00:30:20,760
Speaker 2: seems that place has been a lot more in.

634
00:30:20,760 --> 00:30:22,160
Speaker 1: The thick of the politics.

635
00:30:22,200 --> 00:30:25,000
Speaker 22: What is interestedly about you most of all is your

636
00:30:25,040 --> 00:30:27,640
Speaker 22: ability to serve the government of the day. In other words,

637
00:30:27,680 --> 00:30:29,760
Speaker 22: you might or might not have been doing what you

638
00:30:29,880 --> 00:30:31,800
Speaker 22: wanted to do, but you were under instruction.

639
00:30:31,960 --> 00:30:32,720
Speaker 1: Is that fair or not?

640
00:30:32,880 --> 00:30:33,640
Speaker 21: What is that job?

641
00:30:33,760 --> 00:30:35,000
Speaker 10: To serve the government of the day.

642
00:30:35,360 --> 00:30:39,479
Speaker 2: We're operationally independent, that doesn't mean entirely independent.

643
00:30:38,960 --> 00:30:41,320
Speaker 1: And we respond to their government's priority.

644
00:30:41,480 --> 00:30:43,000
Speaker 10: And that's exactly what we've done.

645
00:30:43,320 --> 00:30:46,080
Speaker 22: Back tomorrow at six am, the Mike asking breakfast with

646
00:30:46,160 --> 00:30:48,920
Speaker 22: the Jaguar f Pace used talk zb here the.

647
00:30:48,880 --> 00:30:52,720
Speaker 3: A thinking man, this is retranspower. A thinking man would

648
00:30:52,720 --> 00:30:54,720
Speaker 3: do just one league at a time. Otherwise one would

649
00:30:54,760 --> 00:30:56,280
Speaker 3: have to move all of your get eight times and

650
00:30:56,320 --> 00:31:00,640
Speaker 3: then four ward do when four ward doe off one

651
00:31:00,720 --> 00:31:02,440
Speaker 3: not back and not back on and then move ben.

652
00:31:02,440 --> 00:31:04,360
Speaker 3: That's a fair point. We're gona talk about transparent a minute.

653
00:31:04,560 --> 00:31:07,080
Speaker 3: Be honest, Heather, would you be an easy person to

654
00:31:07,120 --> 00:31:09,520
Speaker 3: work for? That's a very good question, Mike. No, here's

655
00:31:09,560 --> 00:31:11,480
Speaker 3: the thing, I don't know. You can ask Laura and

656
00:31:11,760 --> 00:31:14,800
Speaker 3: and who's there at the moment, Andy, Yeah, they just

657
00:31:14,880 --> 00:31:18,400
Speaker 3: keep changing. Who knows so Andy? Today? You can ask them,

658
00:31:18,560 --> 00:31:20,840
Speaker 3: Am I an easy person to work with? So you

659
00:31:20,880 --> 00:31:24,320
Speaker 3: don't work for me? They've gone? Do I want the

660
00:31:24,320 --> 00:31:24,880
Speaker 3: real answer?

661
00:31:24,920 --> 00:31:24,960
Speaker 23: No?

662
00:31:25,040 --> 00:31:27,160
Speaker 3: Well, there's the real answer, is it. Look, let's be

663
00:31:27,240 --> 00:31:31,680
Speaker 3: honest about it, right, People who people who are I'm

664
00:31:31,720 --> 00:31:33,160
Speaker 3: gonna sound like such a so I'm gonna have to

665
00:31:33,160 --> 00:31:35,840
Speaker 3: be careful about this. I think that that people who

666
00:31:35,880 --> 00:31:38,440
Speaker 3: are generally high achievers, and I would put Chris Luxen

667
00:31:38,520 --> 00:31:42,400
Speaker 3: in that category, are not always the easiest people to

668
00:31:42,480 --> 00:31:44,840
Speaker 3: work with, are they right? And people who kind of

669
00:31:44,920 --> 00:31:48,080
Speaker 3: like yeah, I feel like people who the job revolve

670
00:31:48,120 --> 00:31:50,200
Speaker 3: around are not that easy. He's the Prime Minister. He

671
00:31:50,240 --> 00:31:51,760
Speaker 3: will not be easy to work with. So there's an

672
00:31:51,800 --> 00:31:53,760
Speaker 3: element of that, and for that reason you have to

673
00:31:53,800 --> 00:31:55,560
Speaker 3: give him some grades. I don't think he would be

674
00:31:55,600 --> 00:31:57,480
Speaker 3: easy to work with. I don't think Cinder was easy.

675
00:31:57,520 --> 00:31:59,240
Speaker 3: I know, just Cinder wasn't easy to work with. I

676
00:31:59,240 --> 00:32:01,000
Speaker 3: don't think Helen Clark would be easy to work with.

677
00:32:01,040 --> 00:32:03,000
Speaker 3: There were times when John Key wasn't easy to work with.

678
00:32:03,040 --> 00:32:05,640
Speaker 3: So yeah, fair enough, and you expect them to be

679
00:32:05,640 --> 00:32:10,920
Speaker 3: hard to ask masters, don't you now? Transpower. Transpower is

680
00:32:10,960 --> 00:32:13,240
Speaker 3: still refusing to come on this show. We called them up.

681
00:32:13,280 --> 00:32:15,400
Speaker 3: We said, hey, can you come on tell us you

682
00:32:15,440 --> 00:32:18,240
Speaker 3: know how you've improved since you took your men, took

683
00:32:18,280 --> 00:32:20,600
Speaker 3: all of the nuts off and made the thing fall over.

684
00:32:20,880 --> 00:32:22,800
Speaker 3: They said, no, not going to come on the show

685
00:32:23,160 --> 00:32:25,640
Speaker 3: or speak to any other show on newstog ZB. We're

686
00:32:25,640 --> 00:32:29,000
Speaker 3: not going to speak to hear duplassy Ellen driver. Kenzie

687
00:32:29,080 --> 00:32:32,200
Speaker 3: the other producer said okay, but we are going to

688
00:32:32,200 --> 00:32:34,160
Speaker 3: tell the audience this. Can we just check that this

689
00:32:34,240 --> 00:32:36,239
Speaker 3: is accurate? You do actually mean this? And they were

690
00:32:36,240 --> 00:32:38,320
Speaker 3: like yeah, yeah, yeah, yeah, yeah, totally yeah, say it

691
00:32:38,400 --> 00:32:40,560
Speaker 3: and I'm summarizing obviously they're like say it on air.

692
00:32:40,920 --> 00:32:43,240
Speaker 3: And then I was like, Kenzie, why why weren't they

693
00:32:43,280 --> 00:32:46,400
Speaker 3: come on? What's wrong? And then oh, it's because of this.

694
00:32:48,680 --> 00:32:53,520
Speaker 24: It is unprecedented and inconceivable that so many nuts were

695
00:32:53,600 --> 00:32:54,680
Speaker 24: moved at once.

696
00:32:57,440 --> 00:32:59,560
Speaker 3: That's still holding a grudge about the clown music the

697
00:32:59,560 --> 00:33:02,920
Speaker 3: clown It was back in June, wasn't it June? Thus

698
00:33:03,000 --> 00:33:05,520
Speaker 3: still holding on let's play it again, Andy, No got

699
00:33:05,640 --> 00:33:06,160
Speaker 3: to play it again.

700
00:33:07,640 --> 00:33:12,480
Speaker 24: It is unprecedented and inconceivable that so many nuts were

701
00:33:12,440 --> 00:33:13,640
Speaker 24: removed at once.

702
00:33:15,720 --> 00:33:17,000
Speaker 3: If they could have just come on the show and

703
00:33:17,000 --> 00:33:18,680
Speaker 3: then we wouldn't have played the clown music to I

704
00:33:18,720 --> 00:33:21,800
Speaker 3: say so, that's a failed media strategy. Sam and Brown's

705
00:33:21,800 --> 00:33:23,080
Speaker 3: with us next on that.

706
00:33:26,680 --> 00:33:29,880
Speaker 2: The only drive show you can trust to ask the questions,

707
00:33:30,000 --> 00:33:33,520
Speaker 2: get the answers by the facts and give the analysis.

708
00:33:33,800 --> 00:33:37,360
Speaker 1: Heather due to Clan Drive with One New Zealand. Let's

709
00:33:37,400 --> 00:33:39,400
Speaker 1: get connected and you talk as they'd be.

710
00:33:41,920 --> 00:33:45,320
Speaker 3: Afternoon. The final report into the Northland Power pylon collapse

711
00:33:45,360 --> 00:33:48,520
Speaker 3: has found, surprise, surprise, it was entirely avoidable. The report

712
00:33:48,600 --> 00:33:51,520
Speaker 3: found several key failures, including the fact that Transpower was

713
00:33:51,600 --> 00:33:55,440
Speaker 3: overly reliant on contractors and back in twenty twenty one,

714
00:33:55,480 --> 00:33:58,960
Speaker 3: a senior engineer had actually raised concerns that those maintenance

715
00:33:59,000 --> 00:34:01,640
Speaker 3: crews that they were over reliant on just didn't know

716
00:34:01,680 --> 00:34:03,920
Speaker 3: what they were doing. Minister for Energy Simmon Brown is

717
00:34:03,920 --> 00:34:06,880
Speaker 3: with us. Now, Hey, Simon, good afternoon. When did it

718
00:34:06,920 --> 00:34:07,600
Speaker 3: happen before?

719
00:34:09,120 --> 00:34:12,680
Speaker 19: Well, I've been given advice that there were that there

720
00:34:12,680 --> 00:34:17,600
Speaker 19: were three previous occasions. On the seventeenth of June, eighteenth

721
00:34:17,640 --> 00:34:19,479
Speaker 19: of June and six to seventh of June this year.

722
00:34:20,200 --> 00:34:22,360
Speaker 19: So that is the advice that's been in the report.

723
00:34:22,360 --> 00:34:24,840
Speaker 19: But I think what in addition to the report, But

724
00:34:24,880 --> 00:34:27,440
Speaker 19: I think what I would I would say is what

725
00:34:27,840 --> 00:34:31,960
Speaker 19: the engineer from Transpower identified back in twenty twenty one

726
00:34:32,239 --> 00:34:34,440
Speaker 19: was a gap. So I don't know if there were

727
00:34:34,480 --> 00:34:38,279
Speaker 19: further occasions side of the occasions that we're actually aware of,

728
00:34:39,239 --> 00:34:43,200
Speaker 19: and ultimately Transpowered didn't do anything in relation to addressing

729
00:34:43,239 --> 00:34:45,160
Speaker 19: those concerns from twenty twenty one and that has led

730
00:34:45,360 --> 00:34:48,600
Speaker 19: to what happened in Northland in June this year, which

731
00:34:48,640 --> 00:34:50,600
Speaker 19: was completely unacceptable and avoidable.

732
00:34:50,719 --> 00:34:53,760
Speaker 3: Okay, So on the three occasions previous to this one

733
00:34:53,640 --> 00:34:55,480
Speaker 3: where the nuts were taken out of more than one

734
00:34:55,560 --> 00:34:57,880
Speaker 3: leg at a time, was it the same crew, was

735
00:34:57,920 --> 00:34:59,600
Speaker 3: it the same contractor.

736
00:35:00,800 --> 00:35:05,120
Speaker 19: That is my understanding, and this is powers in the

737
00:35:05,160 --> 00:35:06,840
Speaker 19: nearby area which will be worked.

738
00:35:06,880 --> 00:35:10,320
Speaker 3: Are you telling me it was Omexom all four times?

739
00:35:11,280 --> 00:35:14,239
Speaker 19: Well, I can't confirm that right now. I've been confirmed

740
00:35:14,239 --> 00:35:17,960
Speaker 19: that there was three previous occasions, and this is in

741
00:35:18,040 --> 00:35:21,560
Speaker 19: regards to the same thing happening obviously within a very

742
00:35:21,600 --> 00:35:25,320
Speaker 19: close period of time. In relation to that same behavior, happening.

743
00:35:25,400 --> 00:35:27,680
Speaker 19: So I think what this is identified and I guess,

744
00:35:28,239 --> 00:35:31,200
Speaker 19: I guess what this report has identified is that this

745
00:35:31,400 --> 00:35:36,520
Speaker 19: behavior has been happening. It has led to this horrific

746
00:35:37,160 --> 00:35:43,320
Speaker 19: event happening in Northland. But more importantly, they knew about

747
00:35:43,320 --> 00:35:45,960
Speaker 19: this problem back in twenty twenty one and nothing was

748
00:35:45,960 --> 00:35:51,479
Speaker 19: done then, and that shows issues around what happened around

749
00:35:51,520 --> 00:35:54,280
Speaker 19: that report from the engineer, how it was not taken

750
00:35:54,280 --> 00:35:56,880
Speaker 19: into account. And that's why this report is so important

751
00:35:57,120 --> 00:35:59,840
Speaker 19: to send the message to Transpower around its management of

752
00:35:59,840 --> 00:36:02,640
Speaker 19: its contractors, the procegues it needs to have in place,

753
00:36:02,760 --> 00:36:06,480
Speaker 19: the training and also the governance assurance that's required over

754
00:36:06,520 --> 00:36:08,719
Speaker 19: top of all of that from its board downwards to

755
00:36:08,760 --> 00:36:11,799
Speaker 19: make sure the appropriate policies and proscegues are being implemented

756
00:36:12,040 --> 00:36:13,920
Speaker 19: to keep our electricity system secure.

757
00:36:14,160 --> 00:36:16,239
Speaker 3: So mean, the three other times that they took the

758
00:36:16,320 --> 00:36:18,480
Speaker 3: nuts out of more than one pilon league at a time,

759
00:36:18,520 --> 00:36:20,880
Speaker 3: why didn't the pylons fall over on those occasions.

760
00:36:22,000 --> 00:36:26,160
Speaker 19: Well, the particular site which where it did fall over,

761
00:36:26,360 --> 00:36:28,560
Speaker 19: it's all to do with the tensioning. The one that

762
00:36:28,600 --> 00:36:31,520
Speaker 19: it did fall over was on a corner, and so

763
00:36:31,560 --> 00:36:35,919
Speaker 19: when you have the tensioning pulling it over from one side,

764
00:36:35,920 --> 00:36:37,960
Speaker 19: and where the wires are turning a corner, you're going

765
00:36:38,040 --> 00:36:40,960
Speaker 19: to have that pressure which is getting applied and then

766
00:36:41,200 --> 00:36:43,200
Speaker 19: and then and then fell So they took off they

767
00:36:43,239 --> 00:36:45,400
Speaker 19: took off the bolts and the nuts on the legs

768
00:36:45,760 --> 00:36:50,680
Speaker 19: which were supporting the tower against that tension, and as

769
00:36:50,719 --> 00:36:53,160
Speaker 19: they did it for both of those legs, ultimately that

770
00:36:53,200 --> 00:36:55,359
Speaker 19: tension meant that it fell over.

771
00:36:55,880 --> 00:36:59,799
Speaker 3: Saman when they did this on the other occasions, did

772
00:36:59,840 --> 00:37:01,879
Speaker 3: they realized that it was the wrong thing to do

773
00:37:02,040 --> 00:37:04,279
Speaker 3: before they did it? When that, you know, like, did

774
00:37:04,320 --> 00:37:06,000
Speaker 3: they realize, whoops, we shouldn't be doing it and then

775
00:37:06,000 --> 00:37:07,799
Speaker 3: they did it anyway in the pilon for what fell over?

776
00:37:07,920 --> 00:37:10,160
Speaker 3: Or did we realize after the fact that this was

777
00:37:10,200 --> 00:37:11,640
Speaker 3: about the fourth time they've done it.

778
00:37:12,239 --> 00:37:14,440
Speaker 19: Oh, well, after the fact that's come through because of

779
00:37:14,480 --> 00:37:16,799
Speaker 19: the minute that the report has obviously gone in there

780
00:37:16,800 --> 00:37:18,640
Speaker 19: and asked these questions. And that's why this report is

781
00:37:18,680 --> 00:37:19,719
Speaker 19: so important that we did that.

782
00:37:19,760 --> 00:37:22,680
Speaker 3: Loving OMIXM, because not only do we find out so

783
00:37:23,160 --> 00:37:25,520
Speaker 3: they made the pilon fall over one time, they've possibly

784
00:37:25,520 --> 00:37:27,480
Speaker 3: done it three other times and now it turns out

785
00:37:27,520 --> 00:37:30,040
Speaker 3: they're also not giving the information to the electricity Authority

786
00:37:30,080 --> 00:37:32,879
Speaker 3: the electric They basically didn't let them talk to their contractors.

787
00:37:33,160 --> 00:37:35,560
Speaker 3: Do we need to stop Transpower using this lot?

788
00:37:36,560 --> 00:37:38,960
Speaker 19: Well, one of the recommendations here is allowed allowing the

789
00:37:39,040 --> 00:37:42,719
Speaker 19: Electricity Authority to be able to have more powers to

790
00:37:43,520 --> 00:37:46,520
Speaker 19: excess information. Will be MB's going to be looking at

791
00:37:46,520 --> 00:37:47,920
Speaker 19: that and giving me some advice on that, and I

792
00:37:47,920 --> 00:37:49,960
Speaker 19: think that's something which we actually need to be allowing

793
00:37:50,000 --> 00:37:52,360
Speaker 19: the electricty authority to ask the questions, get the information

794
00:37:52,400 --> 00:37:53,680
Speaker 19: so that they can actually get to the bottom of

795
00:37:53,680 --> 00:37:58,160
Speaker 19: these issues. In relation to the decontracting policies and particular companies,

796
00:37:58,160 --> 00:37:59,920
Speaker 19: I can't comment on that. They are stay only enterprise.

797
00:38:00,400 --> 00:38:03,240
Speaker 19: They are ultimately responsible and accountable, and I will suggest

798
00:38:03,280 --> 00:38:06,440
Speaker 19: you ask all they're responsible that and I suggest you

799
00:38:06,480 --> 00:38:10,080
Speaker 19: put those questions to Transpower. They are questions that they

800
00:38:10,080 --> 00:38:10,840
Speaker 19: should be answering.

801
00:38:10,960 --> 00:38:13,120
Speaker 3: Yes, we'd love to. Transpower has got a problem with

802
00:38:13,120 --> 00:38:15,279
Speaker 3: our clown music. Simeon, thank you, Simme and Brown. The

803
00:38:15,280 --> 00:38:18,520
Speaker 3: Ministry for Energy a Minister for Energy rather apparently so

804
00:38:18,640 --> 00:38:22,279
Speaker 3: Omixon Electricity Authority tried to speak to the contractors who

805
00:38:22,320 --> 00:38:26,279
Speaker 3: work for Omixon who took out the nuts. But even

806
00:38:26,320 --> 00:38:28,200
Speaker 3: though they tried, they say they asked the questions. We've

807
00:38:28,200 --> 00:38:30,120
Speaker 3: got a series of information from the contract to some

808
00:38:30,160 --> 00:38:33,799
Speaker 3: of it was suggest subjective. It reads like Omixon said, Nah,

809
00:38:33,880 --> 00:38:36,480
Speaker 3: you can't talk to our people. Twelve past five.

810
00:38:37,080 --> 00:38:38,360
Speaker 1: Heather, do for see Ellen.

811
00:38:38,640 --> 00:38:40,560
Speaker 3: The situation in the Middle East was sent to stage

812
00:38:40,560 --> 00:38:42,839
Speaker 3: at the UN General Assembly. Today, world leaders have come

813
00:38:42,840 --> 00:38:45,520
Speaker 3: to New York to discuss the escalating conflicts in Lebanon

814
00:38:45,560 --> 00:38:46,000
Speaker 3: and Gaza.

815
00:38:46,520 --> 00:38:51,160
Speaker 25: We should all be alarmed by the escalation. Lebanon is

816
00:38:51,280 --> 00:38:55,560
Speaker 25: at the brim. The people of Lebanon, the people of Israel,

817
00:38:55,760 --> 00:38:59,520
Speaker 25: and the people of the world cannot afford Lebanon to

818
00:38:59,560 --> 00:39:01,160
Speaker 25: become another Gaza.

819
00:39:01,280 --> 00:39:04,880
Speaker 3: Maghribashia is a Voice of America's UN correspondent. Hey, Margaret,

820
00:39:05,400 --> 00:39:07,160
Speaker 3: Hi there, Heather, Good to talk to you again. Listen.

821
00:39:07,239 --> 00:39:08,879
Speaker 3: Tell me what kind of a reception do you think

822
00:39:09,000 --> 00:39:11,000
Speaker 3: Nitinyaho's going to receive when he arrives.

823
00:39:12,480 --> 00:39:16,799
Speaker 7: Well, if today's discussion is any indication, it's going to

824
00:39:16,800 --> 00:39:22,600
Speaker 7: be a bit frosty. The speeches on Tuesday were very

825
00:39:22,640 --> 00:39:26,240
Speaker 7: strong against Israel for the war in Gaza. We heard

826
00:39:26,280 --> 00:39:28,759
Speaker 7: from the Emir of Qatar, who's one of the three

827
00:39:28,800 --> 00:39:31,440
Speaker 7: countries that's working to get the Sea Spire with the

828
00:39:31,520 --> 00:39:35,080
Speaker 7: United States in Egypt, and he called the situation in

829
00:39:35,480 --> 00:39:40,240
Speaker 7: the Palestinian territory a genocide. He said he's still working

830
00:39:40,239 --> 00:39:42,440
Speaker 7: to get a sea spire, but he was, you know,

831
00:39:42,719 --> 00:39:47,439
Speaker 7: very strong about what the situation was. We heard from

832
00:39:47,480 --> 00:39:52,840
Speaker 7: the Turkish President Raped Teyep Erdawan, who was also extremely

833
00:39:52,960 --> 00:39:57,160
Speaker 7: strong and emotional in his speech. You know, he is

834
00:39:57,160 --> 00:39:59,799
Speaker 7: a vocal supporter of Hamas, which is a us as

835
00:39:59,840 --> 00:40:03,239
Speaker 7: a a terror group, and he directed a lot of

836
00:40:03,280 --> 00:40:06,759
Speaker 7: his comments at Israel. He said, they're disregarding human rights,

837
00:40:06,800 --> 00:40:11,040
Speaker 7: they're trampling international law at every opportunity, they're practicing ethnic cleansing.

838
00:40:11,120 --> 00:40:15,239
Speaker 7: I mean, he was really incensed about it. And King

839
00:40:15,239 --> 00:40:18,279
Speaker 7: Abdullah of Jordan as well, and he said, listen, you're

840
00:40:18,280 --> 00:40:20,200
Speaker 7: not sending the Palestinians here. It's not going to be

841
00:40:20,239 --> 00:40:25,560
Speaker 7: an alternate, alternative homeland for them. They're staying where they are.

842
00:40:25,640 --> 00:40:27,399
Speaker 7: So there were a lot of strong things, and not

843
00:40:27,520 --> 00:40:30,120
Speaker 7: just from the neighbors, from other countries in the global South.

844
00:40:31,040 --> 00:40:33,440
Speaker 3: There seems to be mountain criticism at least an our

845
00:40:33,520 --> 00:40:35,760
Speaker 3: part of the world of the UN for being nothing

846
00:40:35,800 --> 00:40:39,440
Speaker 3: more than a talk fest at the moment. Realistically, realistically,

847
00:40:39,960 --> 00:40:42,920
Speaker 3: what can or will the UN actually do to enforce

848
00:40:42,920 --> 00:40:44,160
Speaker 3: a ceasefire or create one.

849
00:40:45,600 --> 00:40:49,320
Speaker 7: Look, it's not their job right now to create the seaspire.

850
00:40:49,400 --> 00:40:52,719
Speaker 7: The United States Kutur in Egypt have taken over that

851
00:40:53,000 --> 00:40:55,920
Speaker 7: role and they've been doing it for months. And they

852
00:40:56,840 --> 00:41:00,480
Speaker 7: they did get the Security Council to endorse a couple

853
00:41:00,480 --> 00:41:03,520
Speaker 7: of months ago the proposal that President Biden said the

854
00:41:03,560 --> 00:41:07,680
Speaker 7: Israelis put forward for a ceasefire in Gaza. But that

855
00:41:07,800 --> 00:41:10,879
Speaker 7: has just really gone nowhere. We keep hearing that it's

856
00:41:11,000 --> 00:41:14,239
Speaker 7: you know, ninety percent there, but it's just not you know,

857
00:41:14,400 --> 00:41:16,520
Speaker 7: quite the devils in the details. But now we've had

858
00:41:16,520 --> 00:41:20,880
Speaker 7: this terrible escalation this week in Lebanon. So it's you know,

859
00:41:21,760 --> 00:41:24,640
Speaker 7: leaders are very frustrated. We hear it every week in

860
00:41:24,680 --> 00:41:27,640
Speaker 7: the UN Security Council because there's a meeting on Gaza

861
00:41:27,760 --> 00:41:30,440
Speaker 7: practically every week in the Security Council. There will be

862
00:41:30,520 --> 00:41:33,040
Speaker 7: one this Friday night. There'll be an emergency meeting on

863
00:41:33,120 --> 00:41:38,759
Speaker 7: Lebanon Wednesday night as well. So there is growing frustration

864
00:41:38,840 --> 00:41:41,439
Speaker 7: with the lack of a ceasefire, and as casualties mount

865
00:41:41,480 --> 00:41:45,400
Speaker 7: and as this war spreads and threatens the entire region,

866
00:41:45,920 --> 00:41:49,320
Speaker 7: So what can they practically do it's up to world leaders.

867
00:41:49,360 --> 00:41:52,239
Speaker 7: You need political will. That's the bottom line that the

868
00:41:52,280 --> 00:41:54,839
Speaker 7: Secretary General doesn't have his own army. He can't tell

869
00:41:54,840 --> 00:41:56,319
Speaker 7: people stop what you're doing.

870
00:41:56,520 --> 00:41:58,319
Speaker 3: Yeah to right, Margaret, Thank you Margaret, but she a

871
00:41:58,360 --> 00:42:02,000
Speaker 3: Voice of America's uing correspondent, Heather du Cela Hey a

872
00:42:02,080 --> 00:42:04,360
Speaker 3: development in just the last few minutes on the situation

873
00:42:04,480 --> 00:42:07,160
Speaker 3: in Israel. For the first time, Hizbola has fired a

874
00:42:07,200 --> 00:42:10,160
Speaker 3: missile at Tel Aviv. The IDF intercepted at no reports

875
00:42:10,160 --> 00:42:12,680
Speaker 3: of damage. Quarter past Hey, if you're in the market

876
00:42:12,680 --> 00:42:15,120
Speaker 3: for a new family card, there really is only one

877
00:42:15,120 --> 00:42:17,680
Speaker 3: that you should be considering, and that is the BYDC

878
00:42:17,920 --> 00:42:22,239
Speaker 3: Lion Sex. Family and safety go hand in hand, right,

879
00:42:22,280 --> 00:42:23,960
Speaker 3: So it'll be music to your ears to hear that

880
00:42:23,960 --> 00:42:26,239
Speaker 3: the BYD Sea Lion Sex has just been awarded and

881
00:42:26,320 --> 00:42:30,760
Speaker 3: outstanding five star and cap safety rating. This super hybrid

882
00:42:30,760 --> 00:42:33,799
Speaker 3: boasts an impressive suite of advanced safety systems which will

883
00:42:33,840 --> 00:42:37,400
Speaker 3: keep the whole family safe. For example, the BYD Blade

884
00:42:37,400 --> 00:42:40,280
Speaker 3: battery is the safest on the market. It's absolutely aced

885
00:42:40,440 --> 00:42:44,040
Speaker 3: the nail penetration and the truck crush tests. Plus there's

886
00:42:44,080 --> 00:42:45,920
Speaker 3: also heaps of room, which is what you want. Obviously

887
00:42:45,920 --> 00:42:48,400
Speaker 3: you've got a spacious flat floor in the back, which

888
00:42:48,440 --> 00:42:51,719
Speaker 3: means there's no bump in front of the middle rear passenger,

889
00:42:51,760 --> 00:42:54,280
Speaker 3: which you know that's annoying. So that's a game changer,

890
00:42:54,320 --> 00:42:57,680
Speaker 3: isn't it. With a whopping eleven thousand k's combined range,

891
00:42:57,719 --> 00:42:59,360
Speaker 3: you're going to get to all of those after school

892
00:42:59,560 --> 00:43:03,200
Speaker 3: and work activities with absolute ease. That's eleven thousand k's

893
00:43:03,200 --> 00:43:05,960
Speaker 3: combined range, which is impressive, and being a super hybrid,

894
00:43:06,239 --> 00:43:08,200
Speaker 3: you're going to save big bucks on fuel. The Sea

895
00:43:08,239 --> 00:43:11,120
Speaker 3: Lion six is very competitively priced from just fifty seven,

896
00:43:11,480 --> 00:43:13,640
Speaker 3: nine hundred and ninety dollars, so check it out at

897
00:43:13,680 --> 00:43:15,799
Speaker 3: byd Auto dot co dot MZ for more.

898
00:43:16,719 --> 00:43:17,840
Speaker 1: Heather duplus l.

899
00:43:18,000 --> 00:43:21,000
Speaker 3: Nineteen past five. Word is Damien McKenzie is going to

900
00:43:21,000 --> 00:43:23,120
Speaker 3: be dropped at ten for the test this weekend. Boden

901
00:43:23,120 --> 00:43:25,560
Speaker 3: Barrett is going to replace him. Liam Napier at the

902
00:43:25,560 --> 00:43:27,480
Speaker 3: New Zealand Herald broke the story and is.

903
00:43:27,400 --> 00:43:29,640
Speaker 4: With us, Hey, Liam, evening, Heather.

904
00:43:29,560 --> 00:43:32,759
Speaker 3: What's happened here? Has Damien just used up? As chances?

905
00:43:33,280 --> 00:43:33,600
Speaker 19: Well?

906
00:43:33,760 --> 00:43:37,080
Speaker 26: Look the so far this year Scott Robinson has retained

907
00:43:37,200 --> 00:43:41,640
Speaker 26: unwavering trust to McKenzie, but you say eight tests this year,

908
00:43:42,000 --> 00:43:44,840
Speaker 26: but you're never sure about these things until they're officially dropped.

909
00:43:44,880 --> 00:43:49,280
Speaker 26: But certainly the Windy City carries strong whispers that Boden

910
00:43:49,280 --> 00:43:51,799
Speaker 26: Barrett will be at ten this week and it will

911
00:43:51,800 --> 00:43:53,400
Speaker 26: be a big chance for him as it will be

912
00:43:53,440 --> 00:43:55,759
Speaker 26: his first test at number ten for the All Black

913
00:43:55,800 --> 00:43:57,640
Speaker 26: since November twenty twenty two.

914
00:43:58,280 --> 00:44:01,960
Speaker 3: Now, I mean the thing about it is taking Damien

915
00:44:01,960 --> 00:44:04,759
Speaker 3: off the off the field actually gives them a couple

916
00:44:04,800 --> 00:44:07,240
Speaker 3: of really good performers on the field. Right, it's Boden

917
00:44:07,239 --> 00:44:09,480
Speaker 3: Barret at number ten and it's Will Jordan at fullback.

918
00:44:09,719 --> 00:44:11,520
Speaker 3: How much of this is about actually trying to get

919
00:44:11,560 --> 00:44:14,040
Speaker 3: rid of Damien or trying to get those two guys on.

920
00:44:15,360 --> 00:44:18,200
Speaker 26: I think it's about looking at alternatives. I don't think

921
00:44:18,200 --> 00:44:22,520
Speaker 26: it's about moving on from Damien completely, but it's about

922
00:44:22,520 --> 00:44:25,600
Speaker 26: having a look at some different combinations. Will Jordan was

923
00:44:26,160 --> 00:44:29,000
Speaker 26: very good at fullback last week. That's his favorite position.

924
00:44:29,640 --> 00:44:32,480
Speaker 26: Boden Barrett wants to play ten, He's made no secret

925
00:44:32,480 --> 00:44:35,880
Speaker 26: of that. And you have to have options. And the

926
00:44:35,960 --> 00:44:38,080
Speaker 26: All Blacks this is their last test at home this year.

927
00:44:38,080 --> 00:44:40,040
Speaker 26: They're about to head north later in the air for

928
00:44:40,160 --> 00:44:45,480
Speaker 26: three very grueling tests against England's Islands and France, and

929
00:44:45,560 --> 00:44:48,759
Speaker 26: so they need alternative options. They need to find out now.

930
00:44:48,960 --> 00:44:50,760
Speaker 26: They need to have a look at these things because

931
00:44:50,760 --> 00:44:53,719
Speaker 26: if they don't, then they're in a bit of a

932
00:44:53,760 --> 00:44:56,200
Speaker 26: hole and they haven't tried out other options.

933
00:44:56,880 --> 00:44:59,680
Speaker 3: It's going to knock his confidence, isn't it.

934
00:45:00,360 --> 00:45:03,600
Speaker 26: But it also might have been plans behind the scenes.

935
00:45:03,640 --> 00:45:06,640
Speaker 26: I'm sure there's discussions that would have gone on. Damien

936
00:45:06,640 --> 00:45:09,520
Speaker 26: would have been aware of it, but he's had eight chances.

937
00:45:09,560 --> 00:45:12,799
Speaker 26: He's performed well in some matches, but game management's the

938
00:45:12,800 --> 00:45:15,120
Speaker 26: big question with Damien. He's a bit of a fly

939
00:45:15,200 --> 00:45:16,960
Speaker 26: in the bottle. He's a bit of a free spirit.

940
00:45:17,440 --> 00:45:20,000
Speaker 26: And the All Blacks haven't scored a point in the

941
00:45:20,080 --> 00:45:23,080
Speaker 26: last quarter of their last five test Heather, and that's

942
00:45:23,080 --> 00:45:23,880
Speaker 26: a major problem.

943
00:45:23,960 --> 00:45:26,239
Speaker 7: And that's not on him alone, but it.

944
00:45:26,200 --> 00:45:28,920
Speaker 26: Is a responsibility that you expect your game driver to

945
00:45:28,920 --> 00:45:30,799
Speaker 26: put you in the right areas of the field and

946
00:45:30,840 --> 00:45:34,279
Speaker 26: to convert chances, and that's been very problematic for this

947
00:45:34,320 --> 00:45:34,959
Speaker 26: All Black team.

948
00:45:35,080 --> 00:45:37,760
Speaker 3: Yeah, hey, thank you for that, Liam appreciated. Liam Napier,

949
00:45:37,760 --> 00:45:40,120
Speaker 3: the Herald's chief sports writer, coming up twenty two.

950
00:45:40,000 --> 00:45:43,919
Speaker 2: Past five, Digging Deeper into the day's headlines. It's Heather

951
00:45:44,040 --> 00:45:47,960
Speaker 2: dupas Allen drive with one New Zealand let's get connected

952
00:45:48,000 --> 00:45:48,680
Speaker 2: and used dogs.

953
00:45:48,680 --> 00:45:50,440
Speaker 3: That'd be twenty four past five.

954
00:45:50,520 --> 00:45:50,719
Speaker 26: Listen.

955
00:45:50,800 --> 00:45:52,400
Speaker 3: There has been a fair bit of criticism of the

956
00:45:52,520 --> 00:45:54,680
Speaker 3: UN in recent times for its inability to end the

957
00:45:54,680 --> 00:45:57,560
Speaker 3: war in Gaza, which you know is obviously now spread

958
00:45:57,560 --> 00:46:00,880
Speaker 3: to Lebanon, and in particular of the the UN's Security

959
00:46:00,880 --> 00:46:02,960
Speaker 3: Council for basically being the reason that the UN does

960
00:46:03,000 --> 00:46:05,360
Speaker 3: nothing because the veto power given to the permanent members

961
00:46:05,360 --> 00:46:07,960
Speaker 3: of the Security Council. Halen Clark has had a crack

962
00:46:08,000 --> 00:46:10,680
Speaker 3: in the last few days when Stampeders himself has had

963
00:46:10,680 --> 00:46:13,480
Speaker 3: a crack at the UN, and then also Antonio Gutete's

964
00:46:13,520 --> 00:46:15,480
Speaker 3: the head of the UN, has had a crack at

965
00:46:15,480 --> 00:46:17,760
Speaker 3: the Security Council just in the last couple of weeks.

966
00:46:18,400 --> 00:46:20,640
Speaker 3: These guys have all got a point and what they're saying,

967
00:46:20,680 --> 00:46:24,719
Speaker 3: the Security Council is outdated, it's unfair, and it's ineffective.

968
00:46:25,080 --> 00:46:27,320
Speaker 3: It rewards the big powers with more powers, while the

969
00:46:27,360 --> 00:46:30,399
Speaker 3: smaller countries like ours do not get to veto things

970
00:46:30,400 --> 00:46:31,719
Speaker 3: and just kind of have to lump a lot that

971
00:46:31,880 --> 00:46:36,080
Speaker 3: just lump what we're given Hopefully all of this pressure

972
00:46:36,080 --> 00:46:38,359
Speaker 3: that's coming on the Security Council and on the UN

973
00:46:38,400 --> 00:46:41,480
Speaker 3: will actually lead to some reform of the Security Council, hopefully.

974
00:46:42,160 --> 00:46:44,799
Speaker 3: But and I can't actually believe that I'm saying this

975
00:46:44,840 --> 00:46:47,560
Speaker 3: because most of the time the UN just irritates me

976
00:46:47,600 --> 00:46:49,800
Speaker 3: incessantly because they just get up to all kinds of nonsense.

977
00:46:50,120 --> 00:46:53,880
Speaker 3: But the UN is actually doing what it was supposed

978
00:46:53,880 --> 00:46:56,040
Speaker 3: to do. Some of the criticism is unfair. It is

979
00:46:56,120 --> 00:46:58,560
Speaker 3: actually doing what it was supposed to do. It was

980
00:46:58,600 --> 00:47:00,880
Speaker 3: set up to stop another world war. It was not

981
00:47:00,960 --> 00:47:04,040
Speaker 3: set up to stop wars. Wars happen. It was set

982
00:47:04,120 --> 00:47:06,480
Speaker 3: up to stop a world war. And it has done

983
00:47:06,560 --> 00:47:08,200
Speaker 3: its job. I mean, it was set up in nineteen

984
00:47:08,280 --> 00:47:10,239
Speaker 3: forty five post Second World War. There has not been

985
00:47:10,280 --> 00:47:13,439
Speaker 3: another World war right now. It's not perfect. I mean,

986
00:47:13,480 --> 00:47:15,799
Speaker 3: it is something of a joke that one of the

987
00:47:15,800 --> 00:47:18,880
Speaker 3: permanent members of the Security Council, Russia, is in the

988
00:47:18,880 --> 00:47:22,360
Speaker 3: middle right now of an invasion of a neighboring country, Ukraine.

989
00:47:22,440 --> 00:47:25,040
Speaker 3: That makes something of a mockery of the Security Council,

990
00:47:25,080 --> 00:47:28,280
Speaker 3: doesn't it, And is upsetting to see some other Security

991
00:47:28,280 --> 00:47:31,480
Speaker 3: Council members the US use the power to protect what

992
00:47:31,600 --> 00:47:34,760
Speaker 3: Israel is doing. And yes, maybe that does call for reform.

993
00:47:35,200 --> 00:47:37,160
Speaker 3: But all I would say is if there is reform,

994
00:47:37,400 --> 00:47:40,160
Speaker 3: tread carefully so that that reform doesn't actually stop the

995
00:47:40,280 --> 00:47:43,400
Speaker 3: UN doing its actual job. And the actual job is

996
00:47:43,440 --> 00:47:45,439
Speaker 3: to prevent a world war. And until there is another

997
00:47:45,440 --> 00:47:48,560
Speaker 3: world war, you'd have to say the UN is actually successful.

998
00:47:48,960 --> 00:47:52,040
Speaker 1: Forgever do for ce Alan, Oh Lord.

999
00:47:51,840 --> 00:47:53,640
Speaker 3: Give me strength. We're going to talk about capital gains

1000
00:47:53,680 --> 00:47:58,279
Speaker 3: tax again, nugst with a PwC tax partner, and we'll

1001
00:47:58,320 --> 00:48:00,320
Speaker 3: just have a little chat about you know, and Tonia

1002
00:48:00,360 --> 00:48:02,960
Speaker 3: Watson getting involved the A and Z chief executive and

1003
00:48:03,040 --> 00:48:07,640
Speaker 3: why why why happy to report that Transpower has been

1004
00:48:07,680 --> 00:48:11,240
Speaker 3: listening to the show, because after we played the clown

1005
00:48:11,360 --> 00:48:17,160
Speaker 3: music just before, and you've but why not after we

1006
00:48:17,200 --> 00:48:19,920
Speaker 3: played the clown music just before? Nathan, who was the

1007
00:48:20,000 --> 00:48:22,520
Speaker 3: comms guy, the media guy, who is actually the one

1008
00:48:22,520 --> 00:48:25,280
Speaker 3: with the grudge, who won't let us talk to anybody

1009
00:48:25,320 --> 00:48:28,840
Speaker 3: from Transpower, Nathan texts the producer we Kenzie and said,

1010
00:48:29,160 --> 00:48:32,680
Speaker 3: love the clown music. We were hoping for something new.

1011
00:48:33,280 --> 00:48:35,719
Speaker 3: This is Nathan. By the way, Nathan, we know it's you.

1012
00:48:35,719 --> 00:48:37,520
Speaker 3: We've got your number saved because you're one of our

1013
00:48:37,600 --> 00:48:44,359
Speaker 3: primary pests. Yeah, I mean, so they don't tell you

1014
00:48:44,400 --> 00:48:47,120
Speaker 3: what he's not talking to us, but boy, he's listening.

1015
00:48:47,480 --> 00:48:50,319
Speaker 3: He's listening to us. He knows what hope he heard

1016
00:48:50,320 --> 00:48:52,680
Speaker 3: everything Simmy and said about them before headlines.

1017
00:48:52,760 --> 00:49:01,479
Speaker 2: Next, the day's newsmakers talk to you, Heather First, Heather

1018
00:49:01,640 --> 00:49:05,560
Speaker 2: duplicy Allen drive with One New Zealand. Let's get connected

1019
00:49:05,600 --> 00:49:06,759
Speaker 2: and you talk zed be.

1020
00:49:08,719 --> 00:49:09,840
Speaker 1: Dovershided West.

1021
00:49:10,560 --> 00:49:13,359
Speaker 16: They Nammy j down down, Yes, Stream.

1022
00:49:13,520 --> 00:49:18,440
Speaker 22: There's a party downtown, your fair stream everybody had by.

1023
00:49:21,760 --> 00:49:24,239
Speaker 3: Kay Miles hurral Off. Fonterra is going to be with

1024
00:49:24,320 --> 00:49:27,320
Speaker 3: us after six o'clock because they have posted another decent profit.

1025
00:49:27,360 --> 00:49:29,319
Speaker 3: It's not a record profit. It's come slightly off the

1026
00:49:29,360 --> 00:49:32,600
Speaker 3: record profit of last year, but it's still pretty good.

1027
00:49:32,600 --> 00:49:34,960
Speaker 3: It's above a billion and there was a whoa, quite

1028
00:49:35,000 --> 00:49:37,879
Speaker 3: a nice little dividend in there for people fifty five

1029
00:49:37,960 --> 00:49:40,279
Speaker 3: cents a share, so be pretty stoked about it. He'll

1030
00:49:40,320 --> 00:49:41,600
Speaker 3: be happy with how things are going. So we have

1031
00:49:41,600 --> 00:49:42,920
Speaker 3: a chat to them after six and the huddles with

1032
00:49:43,000 --> 00:49:48,000
Speaker 3: us shortly right now, twenty four away from six, Heather duplicyl, So,

1033
00:49:48,040 --> 00:49:50,239
Speaker 3: a capital gains tax is back in the news. A

1034
00:49:50,400 --> 00:49:53,640
Speaker 3: and Z CEO Antonia Watson says that she supports one.

1035
00:49:53,880 --> 00:49:55,760
Speaker 7: If someone had the courage to do it, I wouldn't

1036
00:49:55,800 --> 00:49:57,000
Speaker 7: be jumping out of bed with joy.

1037
00:49:57,120 --> 00:49:59,719
Speaker 3: But in terms of the overall fairness, it's probably a

1038
00:49:59,800 --> 00:50:03,040
Speaker 3: fair way to tax another part of income in this economy.

1039
00:50:03,480 --> 00:50:05,640
Speaker 3: And Tonia was not available to speak with us about it.

1040
00:50:05,680 --> 00:50:08,239
Speaker 3: Am Z told us this is her personal opinion, not

1041
00:50:08,320 --> 00:50:11,520
Speaker 3: the bank's opinion. PwC tax partner Sandy Low joins us

1042
00:50:11,560 --> 00:50:12,799
Speaker 3: now on the say, Sandy.

1043
00:50:13,560 --> 00:50:15,080
Speaker 23: Good afternoon, why would a.

1044
00:50:15,000 --> 00:50:18,160
Speaker 3: Bank CEO endorse the CGT look.

1045
00:50:18,239 --> 00:50:22,920
Speaker 23: I think around Cavill Gaines tax has been around for

1046
00:50:23,000 --> 00:50:26,239
Speaker 23: quite a while, and over the last few years, in

1047
00:50:26,280 --> 00:50:29,040
Speaker 23: particular the last couple of elections, there's been a much

1048
00:50:29,080 --> 00:50:32,439
Speaker 23: more discussion around it, and I guess as we look

1049
00:50:32,440 --> 00:50:36,960
Speaker 23: ahead at New Zealand in general, including some of the

1050
00:50:37,040 --> 00:50:41,680
Speaker 23: key factors like our tangent demographics, and thinking about the

1051
00:50:41,800 --> 00:50:44,360
Speaker 23: level of tax that we're collecting, it's one of the

1052
00:50:44,520 --> 00:50:49,520
Speaker 23: topics taught them more and more because as the country

1053
00:50:49,560 --> 00:50:54,360
Speaker 23: needs to grapple, was making sure we are collecting enough

1054
00:50:54,480 --> 00:50:58,759
Speaker 23: tax to meet the extended our expended to needs in

1055
00:50:58,800 --> 00:51:02,000
Speaker 23: the most efficient manner. So I guess that's why lots

1056
00:51:02,040 --> 00:51:04,880
Speaker 23: more people are thinking and talking about it.

1057
00:51:04,920 --> 00:51:05,120
Speaker 8: Is it?

1058
00:51:05,160 --> 00:51:06,960
Speaker 3: I mean, look, the thing is sandy in terms of

1059
00:51:07,000 --> 00:51:08,879
Speaker 3: our actual tax revenue, right, it's not going to bring

1060
00:51:08,920 --> 00:51:10,360
Speaker 3: that much. Is less than what like, it's less than

1061
00:51:10,400 --> 00:51:13,200
Speaker 3: half of one percent. It's really hard to comply with,

1062
00:51:13,320 --> 00:51:16,319
Speaker 3: It's really hard to collect. Is this just a case

1063
00:51:16,360 --> 00:51:18,160
Speaker 3: of people wanting to get on the right side of

1064
00:51:18,640 --> 00:51:19,879
Speaker 3: history on this one?

1065
00:51:21,880 --> 00:51:26,120
Speaker 23: I think in terms of thinking about the overall tax system,

1066
00:51:26,360 --> 00:51:29,480
Speaker 23: and I think it's actually one of the questions that

1067
00:51:29,480 --> 00:51:31,640
Speaker 23: in a revenue is going to be thinking about as

1068
00:51:31,640 --> 00:51:35,520
Speaker 23: part of their long term insights. Brief thing which is

1069
00:51:35,520 --> 00:51:38,440
Speaker 23: actually is thinking about this. Does New Zealand's tax system

1070
00:51:38,480 --> 00:51:40,480
Speaker 23: from a structural perspective? Is it going to meet this

1071
00:51:41,040 --> 00:51:43,520
Speaker 23: future needs? And I think that's the piece around it.

1072
00:51:43,719 --> 00:51:46,680
Speaker 23: And I don't think having a capital gains tax that's

1073
00:51:46,719 --> 00:51:50,680
Speaker 23: going to be the sillabullets for to sick and it

1074
00:51:50,719 --> 00:51:52,839
Speaker 23: will fix all the problems, but it may be one

1075
00:51:52,840 --> 00:51:55,360
Speaker 23: of the few things that needs to be done to

1076
00:51:55,480 --> 00:51:58,799
Speaker 23: make sure that our tax system continues to be fit

1077
00:51:58,960 --> 00:52:02,920
Speaker 23: for the future. Athlete go ahead to go along for

1078
00:52:03,040 --> 00:52:03,720
Speaker 23: a long time.

1079
00:52:04,360 --> 00:52:07,239
Speaker 3: Let's say sandy for the purposes of this exercise. You

1080
00:52:07,320 --> 00:52:09,719
Speaker 3: are the Finance minister, and you're so popular that you

1081
00:52:09,880 --> 00:52:12,800
Speaker 3: do anything you want. Would you introduce the CGT?

1082
00:52:13,840 --> 00:52:16,160
Speaker 23: Look, I think there's a bunch of different options that

1083
00:52:16,200 --> 00:52:18,200
Speaker 23: are put on the that could be put on the table,

1084
00:52:18,200 --> 00:52:20,360
Speaker 23: and I think it's ultimately always going to be a

1085
00:52:20,360 --> 00:52:22,560
Speaker 23: balancing act, right And I think one of the things

1086
00:52:22,560 --> 00:52:26,520
Speaker 23: that we have seen in particular in the last government

1087
00:52:27,200 --> 00:52:29,920
Speaker 23: was around that discussion of something alternative to a capital

1088
00:52:29,920 --> 00:52:32,799
Speaker 23: gains tax, which was discussion around the wealth taxes. So

1089
00:52:33,920 --> 00:52:36,960
Speaker 23: I guess the key thing is looking at it, and

1090
00:52:37,080 --> 00:52:42,480
Speaker 23: ultimately we have taxes is to make sure that we

1091
00:52:42,920 --> 00:52:46,000
Speaker 23: generate enough the government can collink enough revenue in the

1092
00:52:46,000 --> 00:52:49,440
Speaker 23: most efficient manner. So it's thinking about is this the

1093
00:52:49,480 --> 00:52:52,160
Speaker 23: best way to collect the amount of cash that the

1094
00:52:52,200 --> 00:52:56,279
Speaker 23: government needs, and if capital gains tax might be one

1095
00:52:56,320 --> 00:52:58,400
Speaker 23: of the ones that's in the mixt I think about.

1096
00:52:59,040 --> 00:53:02,200
Speaker 3: Okay, Sandy, Thanks, thank you very much, Sandy Low, PwC

1097
00:53:02,360 --> 00:53:02,960
Speaker 3: Tax Partner.

1098
00:53:03,560 --> 00:53:07,520
Speaker 2: The Huddle with New Zealand's Southerbe's International Realty, Local and

1099
00:53:07,600 --> 00:53:09,480
Speaker 2: global exposure.

1100
00:53:08,800 --> 00:53:11,000
Speaker 3: Like no other on the Huddle with me this evening.

1101
00:53:11,080 --> 00:53:13,719
Speaker 3: David farre Kee, we blogging Curiapolster and Jack Tame, host

1102
00:53:13,719 --> 00:53:16,320
Speaker 3: of Saturday Mornings on News talksz'bn Q and A Highlands

1103
00:53:17,760 --> 00:53:19,879
Speaker 3: Thank you, Jack on board of it? Are you bored

1104
00:53:19,880 --> 00:53:21,319
Speaker 3: of it? I'm so bored of it. It's like an

1105
00:53:21,360 --> 00:53:24,879
Speaker 3: old idea. We've rejected it, Get something new, move on.

1106
00:53:25,560 --> 00:53:28,360
Speaker 27: Well we've rejected it, but we haven't rejected the reason

1107
00:53:28,400 --> 00:53:31,239
Speaker 27: that we are still talking about it, which is that

1108
00:53:31,360 --> 00:53:34,400
Speaker 27: New Zealand doesn't have sufficient revenue at the moment to

1109
00:53:34,440 --> 00:53:37,200
Speaker 27: sustain the kind of services that most New Zealanders expect

1110
00:53:37,239 --> 00:53:39,120
Speaker 27: will be part of our lives going into the future.

1111
00:53:39,200 --> 00:53:41,960
Speaker 27: And I think until we address that fundamental problem, we're

1112
00:53:42,000 --> 00:53:45,279
Speaker 27: going to keep having this old conversation. I mean, you

1113
00:53:45,320 --> 00:53:49,480
Speaker 27: can debate about the effectiveness of throwing money at problems,

1114
00:53:49,520 --> 00:53:51,520
Speaker 27: and I think if we've learned anything in recent years,

1115
00:53:51,520 --> 00:53:54,640
Speaker 27: it's that throwing at money. Throwing money at problems doesn't

1116
00:53:54,640 --> 00:53:56,960
Speaker 27: automatically make them go away. But we still have a

1117
00:53:56,960 --> 00:54:00,799
Speaker 27: massive infrastructure deficit, we have an aging population, we have

1118
00:54:00,880 --> 00:54:03,880
Speaker 27: massive needs in our healthcare system, and I think it

1119
00:54:03,960 --> 00:54:05,960
Speaker 27: is inevitable that New Zealand is going to have to

1120
00:54:06,000 --> 00:54:08,480
Speaker 27: broaden its tax base going into the future if we

1121
00:54:08,520 --> 00:54:10,360
Speaker 27: want to have the kind of country that most of

1122
00:54:10,440 --> 00:54:12,760
Speaker 27: us would think we'd like to live in. I also

1123
00:54:12,760 --> 00:54:14,759
Speaker 27: think there's still a famous question at the heart of it.

1124
00:54:14,800 --> 00:54:17,640
Speaker 27: I mean, I can't get reasonable people to explain to

1125
00:54:17,680 --> 00:54:22,239
Speaker 27: me why someone working two jobs cleaning toilets through the

1126
00:54:22,280 --> 00:54:24,920
Speaker 27: middle of the night in South Auckland is taxed at

1127
00:54:24,920 --> 00:54:28,760
Speaker 27: a marginal rate, whereas someone who buys a house, holds

1128
00:54:28,760 --> 00:54:30,319
Speaker 27: it for four years and then in flecks it on

1129
00:54:30,480 --> 00:54:33,720
Speaker 27: isn't taxed at least a little bit on their capital

1130
00:54:33,760 --> 00:54:34,720
Speaker 27: gain during that period.

1131
00:54:34,760 --> 00:54:36,799
Speaker 7: So yeah, I think this is inevitable.

1132
00:54:36,800 --> 00:54:38,680
Speaker 27: And one of the things that I think is curious

1133
00:54:38,719 --> 00:54:41,279
Speaker 27: hether is the timing of this conversation. I reckon there

1134
00:54:41,320 --> 00:54:43,160
Speaker 27: are a lot of people who are thinking, you know what,

1135
00:54:43,239 --> 00:54:45,360
Speaker 27: if it comes down to a binary choice between a

1136
00:54:45,360 --> 00:54:48,799
Speaker 27: wealth tax and a CGT, a CGT makes sense for

1137
00:54:48,840 --> 00:54:49,880
Speaker 27: so many more reasons.

1138
00:54:50,719 --> 00:54:53,759
Speaker 3: David, what's your polling telling you? Because a lot of

1139
00:54:53,760 --> 00:54:56,040
Speaker 3: the time you hear people say, oh, it's time has come.

1140
00:54:56,040 --> 00:54:57,680
Speaker 3: People are much more on board with it now than

1141
00:54:57,719 --> 00:54:59,640
Speaker 3: they were ten years ago. What are you seeing.

1142
00:55:00,680 --> 00:55:03,880
Speaker 4: People like the idea of other people pay more tax.

1143
00:55:05,280 --> 00:55:08,399
Speaker 21: Whatever you fall on tax, people don't want to pay

1144
00:55:08,400 --> 00:55:10,960
Speaker 21: more but they want other people to pay more. A

1145
00:55:11,120 --> 00:55:16,520
Speaker 21: CGT with no details is actually quite popular because no

1146
00:55:16,560 --> 00:55:17,879
Speaker 21: one thinks it will hit them.

1147
00:55:18,200 --> 00:55:21,080
Speaker 4: But the moment you get into a specific model.

1148
00:55:21,200 --> 00:55:24,200
Speaker 21: And when people realize it's going to affect their backs,

1149
00:55:24,360 --> 00:55:28,640
Speaker 21: it might effect there their sheer portfolio, et cetera, et cetera,

1150
00:55:29,440 --> 00:55:32,480
Speaker 21: then it starts to die a death of a thousand cuts.

1151
00:55:32,719 --> 00:55:32,759
Speaker 7: Ed.

1152
00:55:33,480 --> 00:55:36,600
Speaker 4: This is this amusing thing with a Z coming out

1153
00:55:36,600 --> 00:55:37,520
Speaker 4: for it, because.

1154
00:55:38,280 --> 00:55:41,080
Speaker 21: There is a case for a CGT if you're a

1155
00:55:41,160 --> 00:55:44,759
Speaker 21: purist and applied to all capital gains and you lie

1156
00:55:44,800 --> 00:55:48,000
Speaker 21: the income text to compensate, but will never apply to

1157
00:55:48,040 --> 00:55:49,080
Speaker 21: people's family homes.

1158
00:55:49,080 --> 00:55:52,160
Speaker 4: So that would be deeply unpopular. And when the Z

1159
00:55:52,320 --> 00:55:57,279
Speaker 4: make its money people that is such a want other

1160
00:55:57,320 --> 00:55:58,480
Speaker 4: people to pay tax.

1161
00:55:59,080 --> 00:56:01,120
Speaker 27: That is such a good point. That's the real test

1162
00:56:01,320 --> 00:56:03,920
Speaker 27: for Antonio Watson's position on this. Does she support a

1163
00:56:03,960 --> 00:56:07,120
Speaker 27: comprehensive CGT someone that applies to the family home, one

1164
00:56:07,120 --> 00:56:09,160
Speaker 27: that applies to the family bats, one that applies to

1165
00:56:09,239 --> 00:56:10,320
Speaker 27: all capital gains?

1166
00:56:10,960 --> 00:56:13,560
Speaker 3: Jack, why should you pay capital gains on your batch?

1167
00:56:15,760 --> 00:56:21,760
Speaker 27: I think it's cleaner. I also think, regardless of any asset,

1168
00:56:22,160 --> 00:56:25,239
Speaker 27: if it increases in value and capital value and you

1169
00:56:25,280 --> 00:56:27,640
Speaker 27: make a profit from that, then it's reasonable to say

1170
00:56:27,760 --> 00:56:30,399
Speaker 27: family some yep, I think.

1171
00:56:30,680 --> 00:56:32,400
Speaker 3: But then if you think about that, think about me.

1172
00:56:32,560 --> 00:56:34,480
Speaker 3: Think about it, Jack. So let's say you buy your

1173
00:56:34,480 --> 00:56:37,000
Speaker 3: family home for five hundred and you sell it ten

1174
00:56:37,080 --> 00:56:40,000
Speaker 3: years later for one meal. Then you pay tax on that.

1175
00:56:40,080 --> 00:56:41,920
Speaker 3: How are you going to buy? And because you want

1176
00:56:41,960 --> 00:56:44,799
Speaker 3: to buy another house, you now can't afford another comparable house.

1177
00:56:44,800 --> 00:56:46,520
Speaker 3: So you just pay tax on your family home. You

1178
00:56:46,560 --> 00:56:47,400
Speaker 3: are left me you.

1179
00:56:47,400 --> 00:56:48,879
Speaker 8: Can't afford another comparable house.

1180
00:56:49,000 --> 00:56:50,800
Speaker 27: Why wouldn't you be able to afford a comparable house.

1181
00:56:50,640 --> 00:56:52,759
Speaker 3: Because you've just paid tax on the five hundred you've

1182
00:56:52,760 --> 00:56:53,799
Speaker 3: made on your family.

1183
00:56:54,160 --> 00:56:57,240
Speaker 27: But that house well, first of all, well you can't.

1184
00:56:57,000 --> 00:56:59,439
Speaker 3: Afford another meal because now you'll.

1185
00:56:58,880 --> 00:57:01,560
Speaker 27: Not expect the CGT to apply to I wouldn't expect

1186
00:57:01,600 --> 00:57:03,719
Speaker 27: the CGT to apply at the marginal rate. I don't

1187
00:57:03,760 --> 00:57:05,759
Speaker 27: think many people are suggesting it should apply at the

1188
00:57:05,840 --> 00:57:10,160
Speaker 27: marginal rate. Secondly, there you're looking to buy, well, I

1189
00:57:10,160 --> 00:57:11,640
Speaker 27: mean that's up for debate, right, but you can make

1190
00:57:11,680 --> 00:57:16,360
Speaker 27: it a loss. I just go back to your economic

1191
00:57:16,440 --> 00:57:18,640
Speaker 27: point there, that house that you're looking to buy is

1192
00:57:18,680 --> 00:57:22,040
Speaker 27: also subject to a CG tech. Yeah, so every house

1193
00:57:22,120 --> 00:57:24,320
Speaker 27: is So so you say you can't afford a new house.

1194
00:57:24,560 --> 00:57:26,960
Speaker 27: That new house, that comparable house that you're looking to buy,

1195
00:57:27,200 --> 00:57:30,200
Speaker 27: is subjects when it's sold to you exactly the same CGT.

1196
00:57:30,600 --> 00:57:32,600
Speaker 27: So no, you're still not a argument makes no sense.

1197
00:57:32,680 --> 00:57:35,600
Speaker 27: You say you can't afford it, it's applied exactly the same.

1198
00:57:35,480 --> 00:57:37,920
Speaker 3: Things been married to. You must be a bloody nightmare.

1199
00:57:38,160 --> 00:57:40,720
Speaker 3: Listen to me. If you are selling a house for

1200
00:57:40,760 --> 00:57:43,680
Speaker 3: a million bucks and then you pay tax and you

1201
00:57:43,720 --> 00:57:45,800
Speaker 3: want to buy another house for a million bucks, it's

1202
00:57:45,800 --> 00:57:47,600
Speaker 3: still costing you a million bucks. You don't get a

1203
00:57:47,600 --> 00:57:50,080
Speaker 3: discount because that house has got a CGT on it

1204
00:57:50,120 --> 00:57:50,440
Speaker 3: as well.

1205
00:57:51,560 --> 00:57:53,960
Speaker 27: But the point is that that house will have also

1206
00:57:54,040 --> 00:57:56,600
Speaker 27: had a tax applied. Yes, when it's sold by the

1207
00:57:56,640 --> 00:57:59,000
Speaker 27: person to you, it will have had the same thing applied.

1208
00:57:59,040 --> 00:58:02,360
Speaker 27: So a comparable house, the tax will be negligible there

1209
00:58:02,440 --> 00:58:03,720
Speaker 27: between the two houses.

1210
00:58:03,720 --> 00:58:04,640
Speaker 3: So that makes no sense.

1211
00:58:05,520 --> 00:58:08,040
Speaker 4: You're still the governments perfectly money out of both.

1212
00:58:08,480 --> 00:58:11,720
Speaker 21: Basically, when you sell your house, the government will make money,

1213
00:58:12,000 --> 00:58:14,600
Speaker 21: and the person who sells you the house you're moving.

1214
00:58:14,360 --> 00:58:16,840
Speaker 4: Into makes government will make money on that too.

1215
00:58:17,520 --> 00:58:20,160
Speaker 3: Yes, but you are still you're moving from a million

1216
00:58:20,200 --> 00:58:22,520
Speaker 3: dollar house to a million dollar house, right, so you are.

1217
00:58:23,320 --> 00:58:25,920
Speaker 3: So what I'm arguing is it's I'm just trying to

1218
00:58:26,000 --> 00:58:27,800
Speaker 3: argue it shouldn't apply to the family home, as it

1219
00:58:27,840 --> 00:58:29,480
Speaker 3: doesn't at the moment and all, should it apply to

1220
00:58:29,480 --> 00:58:31,080
Speaker 3: the batch because you're batch is not an investment you're

1221
00:58:31,080 --> 00:58:33,160
Speaker 3: trying to make money off. Your batch is your second

1222
00:58:33,160 --> 00:58:34,120
Speaker 3: home that you will enjoy.

1223
00:58:34,720 --> 00:58:35,800
Speaker 7: Do you think just out of interest?

1224
00:58:35,800 --> 00:58:38,520
Speaker 27: Do you think for the sake of simplicity and keeping

1225
00:58:38,520 --> 00:58:40,920
Speaker 27: the tax code as simple as possible? I get that

1226
00:58:40,960 --> 00:58:43,360
Speaker 27: from a political perspective, there aren't going to be people

1227
00:58:43,400 --> 00:58:46,760
Speaker 27: who support the you know, support having a CGT on

1228
00:58:46,760 --> 00:58:48,760
Speaker 27: the family higme or the badge. But do you think

1229
00:58:48,800 --> 00:58:53,000
Speaker 27: that just from a simplicity application perspective, it makes sense

1230
00:58:53,040 --> 00:58:57,400
Speaker 27: to have it completely comprehensive on all property sales for example.

1231
00:58:57,520 --> 00:59:00,320
Speaker 3: No, right, yeah, absolutely not a hope text.

1232
00:59:00,440 --> 00:59:03,680
Speaker 27: I mean it would certainly certainly less bureaucratic. We can

1233
00:59:03,680 --> 00:59:05,280
Speaker 27: probably all agree on this than a wealth text.

1234
00:59:05,320 --> 00:59:06,160
Speaker 8: We'd agree on that, right.

1235
00:59:06,440 --> 00:59:07,880
Speaker 3: We don't have to have any of them. It's for me.

1236
00:59:07,920 --> 00:59:09,480
Speaker 3: It's not a choice of one between the other eyes.

1237
00:59:10,640 --> 00:59:11,240
Speaker 12: So what do you do?

1238
00:59:11,320 --> 00:59:13,160
Speaker 8: What would you do about an aging population?

1239
00:59:14,440 --> 00:59:18,080
Speaker 27: Undred user pays for healthcare.

1240
00:59:18,320 --> 00:59:25,280
Speaker 3: Yeap ration it because if you take all the wealthy,

1241
00:59:25,320 --> 00:59:27,000
Speaker 3: greedy buggers out and they go and pay for their

1242
00:59:27,000 --> 00:59:29,480
Speaker 3: private healthcare, it's taking least pressure. It takes pressure off

1243
00:59:29,480 --> 00:59:32,440
Speaker 3: the health the public health system. Therefore problem kinder solved.

1244
00:59:32,920 --> 00:59:36,840
Speaker 3: The remainder of the people can use the rest. Yeah okay, yeah.

1245
00:59:38,720 --> 00:59:39,200
Speaker 21: Like that.

1246
00:59:39,520 --> 00:59:41,919
Speaker 3: No, you did it because you know we have we can.

1247
00:59:42,200 --> 00:59:44,080
Speaker 3: I know what you think, I know how you vote.

1248
00:59:44,160 --> 00:59:45,720
Speaker 3: We'll take a break, come back, and just to take

1249
00:59:45,760 --> 00:59:48,440
Speaker 3: fourteen away from six the.

1250
00:59:48,480 --> 00:59:52,480
Speaker 2: Huddle with New Zealand Southby's International Realty Elevate the marketing

1251
00:59:52,520 --> 00:59:53,360
Speaker 2: of your home.

1252
00:59:53,320 --> 00:59:55,600
Speaker 3: BA with the Huddle, David Farrh and Jack Tamed. David,

1253
00:59:55,640 --> 00:59:57,880
Speaker 3: did you hear Samon Brown before on with us?

1254
00:59:59,000 --> 00:59:59,600
Speaker 4: No idea?

1255
00:59:59,640 --> 01:00:03,440
Speaker 3: Okay? Describing, So, assuming that that is what has happened,

1256
01:00:03,440 --> 01:00:05,400
Speaker 3: I'm going to tell you what he said. He said

1257
01:00:05,400 --> 01:00:08,600
Speaker 3: that the contractor that made the Transpower pylon fall over

1258
01:00:09,080 --> 01:00:12,200
Speaker 3: had already the same contractor had already three times before

1259
01:00:12,320 --> 01:00:15,000
Speaker 3: taken the nuts out of more than one Pilon league

1260
01:00:15,040 --> 01:00:17,000
Speaker 3: at a time. It was just that when they did

1261
01:00:17,040 --> 01:00:18,920
Speaker 3: it the fourth time, the pylon fell over. What do

1262
01:00:19,000 --> 01:00:20,520
Speaker 3: you think I.

1263
01:00:20,440 --> 01:00:23,840
Speaker 21: Think Monty Python should come to New Zealand film a

1264
01:00:23,920 --> 01:00:28,760
Speaker 21: show based with Transpower Dorthlyn because you know, to do

1265
01:00:28,800 --> 01:00:33,560
Speaker 21: it once because the official story was someone wasn't supervising.

1266
01:00:33,640 --> 01:00:36,680
Speaker 4: But to think they be going around the country.

1267
01:00:36,400 --> 01:00:38,240
Speaker 8: Right unscreened four.

1268
01:00:38,120 --> 01:00:41,160
Speaker 4: Bolts at a time and just be lucky. It wasn't

1269
01:00:41,200 --> 01:00:44,320
Speaker 4: a wit dy day. It really is a stud sheet.

1270
01:00:44,440 --> 01:00:46,440
Speaker 4: It's normally I don't support.

1271
01:00:46,120 --> 01:00:50,000
Speaker 21: Transpower pain compensation because otherwise we be paying lots more

1272
01:00:50,000 --> 01:00:52,200
Speaker 21: for a power bells. But I think when the incompetence

1273
01:00:52,440 --> 01:00:56,080
Speaker 21: is so gross and it had such an impact, I

1274
01:00:56,120 --> 01:00:58,840
Speaker 21: think they should make a good will payment.

1275
01:00:59,000 --> 01:01:02,120
Speaker 3: Yeah, well, I mean this was avoidable quite but Jack,

1276
01:01:02,520 --> 01:01:04,720
Speaker 3: should it be Transpower or should be omex On, who's

1277
01:01:04,720 --> 01:01:05,920
Speaker 3: done this for the fourth time?

1278
01:01:06,400 --> 01:01:08,400
Speaker 27: Well yeah, I mean you'd think it should be a

1279
01:01:08,480 --> 01:01:08,800
Speaker 27: mix on.

1280
01:01:08,920 --> 01:01:09,080
Speaker 9: Right.

1281
01:01:09,120 --> 01:01:10,120
Speaker 7: So there are two questions.

1282
01:01:10,120 --> 01:01:12,000
Speaker 27: First of all, how on earth is this person still

1283
01:01:12,000 --> 01:01:14,520
Speaker 27: got a job or how did they still have a

1284
01:01:14,600 --> 01:01:16,840
Speaker 27: job if this was the level of training that was

1285
01:01:16,880 --> 01:01:18,960
Speaker 27: being provided to them. Something tells me that omicx On

1286
01:01:19,280 --> 01:01:21,920
Speaker 27: maybe doesn't have the means to be paying much compensation,

1287
01:01:22,000 --> 01:01:24,720
Speaker 27: But it's remarkable given this had happened so many times

1288
01:01:24,720 --> 01:01:27,960
Speaker 27: before that Transpower was still using them. Although I'm not

1289
01:01:28,000 --> 01:01:30,640
Speaker 27: sure if Simmon Brown is actually clear as to whether

1290
01:01:30,720 --> 01:01:36,120
Speaker 27: or not Transpower knew about the previous errors with the bolts.

1291
01:01:34,720 --> 01:01:36,880
Speaker 3: Said after the fact, So when it felt when it

1292
01:01:36,880 --> 01:01:38,680
Speaker 3: fell over on the fourth time, they then found out

1293
01:01:38,680 --> 01:01:39,480
Speaker 3: that it happens to me, they.

1294
01:01:39,440 --> 01:01:41,600
Speaker 27: Said, surprises of the fourth time. I mean, I honestly

1295
01:01:41,640 --> 01:01:43,880
Speaker 27: think that Grant McCollum's got a really good point on

1296
01:01:43,880 --> 01:01:46,680
Speaker 27: this front. I think that having some I think it's

1297
01:01:46,720 --> 01:01:51,440
Speaker 27: going to be impossible to fully compensate every person in

1298
01:01:51,480 --> 01:01:54,200
Speaker 27: business for the tens and millions of dollars and losses

1299
01:01:54,880 --> 01:01:56,960
Speaker 27: caused as a result of this. But but I think

1300
01:01:57,280 --> 01:01:59,640
Speaker 27: saying something like, actually, we're going to cut your bills

1301
01:01:59,640 --> 01:02:01,880
Speaker 27: for the next twelve months, you know, not one hundred

1302
01:02:01,880 --> 01:02:05,800
Speaker 27: percent necessarily, but we're gonna meaningfully reduce your bills as

1303
01:02:05,840 --> 01:02:10,240
Speaker 27: a result of the inconvenience and expense from this total

1304
01:02:10,520 --> 01:02:13,440
Speaker 27: and utter complete incompetence. I think that'd be a really

1305
01:02:13,480 --> 01:02:13,840
Speaker 27: good move.

1306
01:02:13,960 --> 01:02:16,240
Speaker 3: Yeah, why not? Hey, what do you make David of

1307
01:02:16,280 --> 01:02:19,040
Speaker 3: the fact that, actually, according to the well being stats

1308
01:02:19,040 --> 01:02:22,560
Speaker 3: from Stats New Zealand, apparently we are happy, like seven

1309
01:02:22,600 --> 01:02:24,920
Speaker 3: point six out of ten happy, even though we complain

1310
01:02:24,960 --> 01:02:26,280
Speaker 3: about everything at the moment.

1311
01:02:27,440 --> 01:02:30,680
Speaker 21: Well as comparing it to I mean, it's much the

1312
01:02:30,720 --> 01:02:33,600
Speaker 21: same as what was up five years ago, so you've

1313
01:02:33,640 --> 01:02:36,320
Speaker 21: got that whole COVID period at set. But I think

1314
01:02:36,320 --> 01:02:39,080
Speaker 21: in the end of the day, it shows we're a

1315
01:02:39,080 --> 01:02:43,480
Speaker 21: pre resilient country where you know, it's not like a

1316
01:02:43,520 --> 01:02:46,960
Speaker 21: miracle where I think people are so depressed about what's

1317
01:02:46,960 --> 01:02:50,680
Speaker 21: happening to the country. People are literally I know people

1318
01:02:50,680 --> 01:02:53,120
Speaker 21: in New Zealand who get more depressed about what's happey

1319
01:02:53,120 --> 01:02:56,000
Speaker 21: in America than they do worrying about what's happening in

1320
01:02:56,000 --> 01:02:58,000
Speaker 21: New Zealand. So that's probably quite a good place to

1321
01:02:58,080 --> 01:03:01,800
Speaker 21: be in when our biggest concerned is whether Donald Trump's

1322
01:03:01,800 --> 01:03:05,960
Speaker 21: going to one or not not Yo, are the hospitals working,

1323
01:03:06,160 --> 01:03:09,920
Speaker 21: the school's working, etc. So it doesn't surprise me, and

1324
01:03:10,000 --> 01:03:13,720
Speaker 21: it's a nice thing to see that we've still got

1325
01:03:13,760 --> 01:03:16,800
Speaker 21: that resilience, that degree of happiness, because at the end

1326
01:03:16,800 --> 01:03:20,040
Speaker 21: of the day, that's what government is meant to be about,

1327
01:03:20,120 --> 01:03:21,880
Speaker 21: that people going to have happy lives.

1328
01:03:22,040 --> 01:03:24,600
Speaker 3: Yeah, totally, We'll have to leave it there, guys. Thank you.

1329
01:03:24,600 --> 01:03:26,840
Speaker 3: I really appreciated. As Jack Tame, host of Saturday Mornings

1330
01:03:26,880 --> 01:03:29,280
Speaker 3: on Newstalk z'bnq and A and David Farraki we blogging

1331
01:03:29,320 --> 01:03:32,720
Speaker 3: Curia Polster eight Away from six on.

1332
01:03:32,760 --> 01:03:35,440
Speaker 2: Your smart speaker, on the iHeart app and in your

1333
01:03:35,440 --> 01:03:39,360
Speaker 2: car on your drive home. Heather Duplicy allan drive with

1334
01:03:39,560 --> 01:03:43,480
Speaker 2: one New Zealand one Giant Leap for Business News Talk.

1335
01:03:43,440 --> 01:03:46,120
Speaker 3: SEDB, Tony Van Kemp on your.

1336
01:03:46,000 --> 01:03:48,560
Speaker 1: Smart speaker, on the iHeart app and in your car

1337
01:03:48,720 --> 01:03:49,680
Speaker 1: on your drive home.

1338
01:03:49,800 --> 01:03:53,640
Speaker 2: Heather Duplicy allan Drive with one New Zealand Let's get

1339
01:03:53,640 --> 01:03:54,760
Speaker 2: Connected a News.

1340
01:03:54,560 --> 01:03:55,240
Speaker 1: Talk zied B.

1341
01:03:55,640 --> 01:03:58,120
Speaker 3: Heither, how does Jack not understand your one million dollar house?

1342
01:03:58,160 --> 01:04:00,200
Speaker 3: Analogy is from David Heither what planet is Jack?

1343
01:04:00,240 --> 01:04:00,320
Speaker 8: On?

1344
01:04:00,360 --> 01:04:03,480
Speaker 3: His argument made no sense? Hither can you confirm Jack

1345
01:04:03,520 --> 01:04:06,360
Speaker 3: now realizes the error in your counter argument? OMG glaring

1346
01:04:06,440 --> 01:04:08,840
Speaker 3: lack of knowledge from Jack on house CG T works. Okay,

1347
01:04:09,080 --> 01:04:10,880
Speaker 3: so let me explain to you what Jack was trying.

1348
01:04:10,960 --> 01:04:12,520
Speaker 3: So what I was saying, I'll explain to you what

1349
01:04:12,560 --> 01:04:14,760
Speaker 3: I was arguing, which is, if you're selling your house.

1350
01:04:14,880 --> 01:04:16,800
Speaker 3: Let's say you bought your house for five hundy and

1351
01:04:16,840 --> 01:04:18,520
Speaker 3: you're selling your house for one mel and you want

1352
01:04:18,520 --> 01:04:20,440
Speaker 3: to buy another house, it's also worth one meal. Now,

1353
01:04:20,480 --> 01:04:21,920
Speaker 3: all of a sudden. Let's just say, I'm just make

1354
01:04:22,000 --> 01:04:24,000
Speaker 3: up a number. You have to pay a hundi now

1355
01:04:24,320 --> 01:04:26,800
Speaker 3: in capital gains tax. Now you've just sold a one

1356
01:04:26,840 --> 01:04:29,120
Speaker 3: million dollar house. You've only got nine hundred right to

1357
01:04:29,160 --> 01:04:31,160
Speaker 3: spend on a house. So now you can't buy another

1358
01:04:31,200 --> 01:04:33,480
Speaker 3: one million dollar house, can you? Because you've only got

1359
01:04:33,560 --> 01:04:35,520
Speaker 3: nine hundred. So this is why you should never pay

1360
01:04:35,600 --> 01:04:39,040
Speaker 3: capital gains tax on your house or on your batch,

1361
01:04:39,480 --> 01:04:42,920
Speaker 3: et cetera, et cetera, et cetera. Now, Jack's argument is

1362
01:04:42,960 --> 01:04:45,760
Speaker 3: that the capital gains tax, the tax you're gonna pay,

1363
01:04:45,840 --> 01:04:48,880
Speaker 3: is baked into your asking price. So you bought the

1364
01:04:48,880 --> 01:04:51,600
Speaker 3: house for five hundy, you're gonna have to you want

1365
01:04:51,600 --> 01:04:53,280
Speaker 3: to it's a one million dollar house, but you're gonna

1366
01:04:53,320 --> 01:04:55,120
Speaker 3: have to pay a capital gains tax of one hundred

1367
01:04:55,160 --> 01:04:58,320
Speaker 3: thousand dollars. Therefore, for a one million dollar house, you

1368
01:04:58,400 --> 01:05:03,160
Speaker 3: are charging one one million dollars. Get this, So therefore

1369
01:05:03,200 --> 01:05:06,120
Speaker 3: you've got one million in hand to buy another house

1370
01:05:06,480 --> 01:05:09,200
Speaker 3: that's also worth one million. But this is where his

1371
01:05:09,320 --> 01:05:12,360
Speaker 3: problem is. This is where Jack's argument falls falls apart,

1372
01:05:12,840 --> 01:05:15,560
Speaker 3: because I'm still trying to buy a house that's worth

1373
01:05:15,560 --> 01:05:18,720
Speaker 3: one million, but they've baked in their capital gains tax

1374
01:05:18,760 --> 01:05:21,320
Speaker 3: as well, So their house is not worth one millionaire

1375
01:05:21,480 --> 01:05:24,040
Speaker 3: that no, it's worth one point one because they also

1376
01:05:24,120 --> 01:05:26,600
Speaker 3: have to pay one hundred thout therefore, so you can

1377
01:05:26,640 --> 01:05:28,640
Speaker 3: see where he's trying. He was like, you've both baked

1378
01:05:28,640 --> 01:05:31,560
Speaker 3: it in. Therefore you'll be fine. It only is fine

1379
01:05:31,680 --> 01:05:35,240
Speaker 3: if if they give me a one hundred thoul discount.

1380
01:05:35,240 --> 01:05:37,720
Speaker 3: And they ain't gonna do that. So anyway, never mind.

1381
01:05:37,760 --> 01:05:41,040
Speaker 3: He'll let him think about it overnight. Then think about

1382
01:05:41,040 --> 01:05:43,120
Speaker 3: it overnight, and like at three am he'll wake up.

1383
01:05:43,120 --> 01:05:45,840
Speaker 3: We'll just sit up and be like, oh, now, I

1384
01:05:45,920 --> 01:05:47,640
Speaker 3: now I know what she was trying to. Lady explain

1385
01:05:47,680 --> 01:05:49,400
Speaker 3: to me. That's right. Do you know why I was

1386
01:05:49,400 --> 01:05:51,040
Speaker 3: trying to Lady's plain it? Because who does all the

1387
01:05:51,040 --> 01:05:54,760
Speaker 3: finances in a marriage? That's right, me the lady, his wife,

1388
01:05:54,960 --> 01:05:58,439
Speaker 3: not am you know what I mean? Dudes and money. Now,

1389
01:05:58,640 --> 01:06:00,520
Speaker 3: I was telling, oh, no, I've got to talk about this.

1390
01:06:01,160 --> 01:06:04,400
Speaker 3: Polkinghorn is going to be a documentary. Now this is

1391
01:06:04,440 --> 01:06:06,600
Speaker 3: not new new New News, but we've got more detail

1392
01:06:06,680 --> 01:06:09,040
Speaker 3: on it. It's going to be a three part series

1393
01:06:09,120 --> 01:06:11,360
Speaker 3: for three Now and Warner Brothers. So it's basically going

1394
01:06:11,360 --> 01:06:12,640
Speaker 3: to run all the three now app and it's going

1395
01:06:12,680 --> 01:06:15,800
Speaker 3: to run on TV three. A veteran documentary maker called

1396
01:06:15,800 --> 01:06:18,800
Speaker 3: Mark McNeil is the one who's doing it. He's been

1397
01:06:18,800 --> 01:06:21,440
Speaker 3: at the trial from the early stages, taking notes, sitting

1398
01:06:21,480 --> 01:06:24,080
Speaker 3: there the whole time. He's got two hundred and twenty

1399
01:06:24,120 --> 01:06:27,080
Speaker 3: eighth foul from New Zealand on air for this. There

1400
01:06:27,080 --> 01:06:30,560
Speaker 3: are questions about whether it's appropriate. Oh shut up, yes

1401
01:06:30,600 --> 01:06:33,280
Speaker 3: it is. What are you talking about? This is part

1402
01:06:33,320 --> 01:06:35,680
Speaker 3: of This is the most watched trial in New Zealand.

1403
01:06:35,880 --> 01:06:37,760
Speaker 3: It's part of New Zealand history in the same way

1404
01:06:37,760 --> 01:06:39,640
Speaker 3: that the main thing is as well. We're all watching it.

1405
01:06:39,680 --> 01:06:39,920
Speaker 2: You know.

1406
01:06:39,960 --> 01:06:42,360
Speaker 3: Where are Newstalk ZB Miles Hurel next.

1407
01:06:44,840 --> 01:06:47,520
Speaker 2: Keeping track of where the money is flowing with the

1408
01:06:47,720 --> 01:06:53,480
Speaker 2: Business Hour with Hinder Duplicy, Ellen and my hr on NEWSTALKSB.

1409
01:06:54,840 --> 01:06:56,720
Speaker 3: Even in coming up in the next hour, the government

1410
01:06:56,800 --> 01:06:59,880
Speaker 3: has introduced the bill to reverse the oil and Gas span.

1411
01:07:00,000 --> 01:07:01,720
Speaker 3: We're going to have a chat to Shane Jones about that.

1412
01:07:01,800 --> 01:07:04,280
Speaker 3: Sam Trathui of Milk had Asset Management on the Catmandu

1413
01:07:04,320 --> 01:07:08,480
Speaker 3: results and Gavin Gray on the sausages hostages situation. Seven

1414
01:07:08,560 --> 01:07:12,720
Speaker 3: past six Fonterra is creaming it the country's largest dairy

1415
01:07:12,720 --> 01:07:14,680
Speaker 3: co op is posted a net profit of one point

1416
01:07:14,680 --> 01:07:16,720
Speaker 3: one billion dollars for the year, will be paying a

1417
01:07:16,760 --> 01:07:19,240
Speaker 3: total dividend of fifty five cents per share. And the

1418
01:07:19,280 --> 01:07:21,880
Speaker 3: good news didn't stop there. Farmgate milk price for the

1419
01:07:21,920 --> 01:07:24,680
Speaker 3: dairy season was raised fifty cents to a midpoint price

1420
01:07:24,720 --> 01:07:26,960
Speaker 3: of nine dollars per kg of milk solids and Miles

1421
01:07:27,040 --> 01:07:28,800
Speaker 3: Hurrele is one Terra's chief executive.

1422
01:07:28,800 --> 01:07:30,040
Speaker 28: Hay Miles the heather.

1423
01:07:30,200 --> 01:07:30,840
Speaker 3: How good is this?

1424
01:07:31,960 --> 01:07:32,160
Speaker 7: Yeah?

1425
01:07:32,200 --> 01:07:36,200
Speaker 8: Great result stars have aligned is as you say, a

1426
01:07:36,200 --> 01:07:38,680
Speaker 8: good dividend for the year, but also a strong outlook

1427
01:07:38,680 --> 01:07:40,320
Speaker 8: for the year head so you know, farmers are happy

1428
01:07:40,360 --> 01:07:43,680
Speaker 8: and just shows that you put your focus out the

1429
01:07:43,840 --> 01:07:45,680
Speaker 8: team have lent into it and delivered a good result.

1430
01:07:45,720 --> 01:07:47,120
Speaker 3: Which are the stars that have aligned for you?

1431
01:07:48,160 --> 01:07:50,400
Speaker 8: Well, we're starting to see a bit of demand starting

1432
01:07:50,440 --> 01:07:52,160
Speaker 8: to re emerge out of China, which has been a

1433
01:07:52,160 --> 01:07:55,280
Speaker 8: bit sluggish. We've talked about that previously, but also the

1434
01:07:55,320 --> 01:07:59,040
Speaker 8: areas we're really focused in terms of food service and

1435
01:07:59,160 --> 01:08:01,800
Speaker 8: our especially in gingredients businesses. You know, they're really starting

1436
01:08:01,800 --> 01:08:04,320
Speaker 8: to hit their straps and so you know these things

1437
01:08:04,320 --> 01:08:06,120
Speaker 8: are all come together at the same time and are

1438
01:08:06,400 --> 01:08:08,200
Speaker 8: really pleased to be able to put the results out today.

1439
01:08:08,280 --> 01:08:10,120
Speaker 3: Yeah, and have you heard from many of the farmers

1440
01:08:10,160 --> 01:08:11,920
Speaker 3: about that that farm gate milk price?

1441
01:08:12,960 --> 01:08:16,479
Speaker 8: Many? Which is which is a great a great news story,

1442
01:08:16,479 --> 01:08:19,439
Speaker 8: as you say, so, he's a great feedback. But the

1443
01:08:19,520 --> 01:08:21,799
Speaker 8: management team and the board will be out visiting farmers

1444
01:08:21,800 --> 01:08:23,920
Speaker 8: next week so will get it face to face. But

1445
01:08:24,000 --> 01:08:25,160
Speaker 8: over all there please, so you.

1446
01:08:25,080 --> 01:08:27,280
Speaker 3: Guys hear from the farmers not just when they're upset,

1447
01:08:27,280 --> 01:08:29,200
Speaker 3: but when they're happy. They send your messages as well.

1448
01:08:30,040 --> 01:08:31,680
Speaker 8: Yeah, they do, I mean to be fair, it's not

1449
01:08:31,720 --> 01:08:34,280
Speaker 8: as many when when they're a bit upset and saying that.

1450
01:08:34,400 --> 01:08:36,640
Speaker 8: No that they you know, they understand the value of

1451
01:08:36,640 --> 01:08:39,559
Speaker 8: the cooperative and they will give credit where credits do so,

1452
01:08:39,560 --> 01:08:41,280
Speaker 8: so I know we've had a lot of that today.

1453
01:08:41,360 --> 01:08:44,240
Speaker 3: Oh that's good. It sounds like next year you're a

1454
01:08:44,360 --> 01:08:46,679
Speaker 3: little bit worried about is that what's going on here?

1455
01:08:47,479 --> 01:08:48,720
Speaker 8: Well, I mean we need to be a little bit

1456
01:08:48,760 --> 01:08:50,800
Speaker 8: cautious still, and we asked to see you know that

1457
01:08:50,840 --> 01:08:53,040
Speaker 8: the dairy side of things that have emerged from China.

1458
01:08:53,080 --> 01:08:55,160
Speaker 8: But at macro level we've still got some issues we

1459
01:08:55,200 --> 01:08:58,280
Speaker 8: need to watch really closely. The geopolitics haven't changed it

1460
01:08:58,360 --> 01:09:00,240
Speaker 8: all internationally, so we need we need to keep Beniy

1461
01:09:00,280 --> 01:09:01,920
Speaker 8: on that. But you know, we do need to keep

1462
01:09:01,960 --> 01:09:04,080
Speaker 8: an eye on the you know, from a cautious perspective.

1463
01:09:04,120 --> 01:09:05,519
Speaker 8: But you know, as we sit here today, you know

1464
01:09:05,520 --> 01:09:07,200
Speaker 8: that the things are looking positive for the year.

1465
01:09:07,360 --> 01:09:09,960
Speaker 3: Hit how are you going selling the consumer brands?

1466
01:09:11,160 --> 01:09:14,000
Speaker 8: Early days? So we've appointed some some advisors to help

1467
01:09:14,080 --> 01:09:16,760
Speaker 8: us through that next phase, But no real update. We're

1468
01:09:16,800 --> 01:09:18,360
Speaker 8: sort of on track with we would expect to be

1469
01:09:18,360 --> 01:09:20,679
Speaker 8: at the time of the process, probably in a position

1470
01:09:20,800 --> 01:09:22,960
Speaker 8: sort of late November I think to give another update.

1471
01:09:23,000 --> 01:09:25,080
Speaker 8: But we talked about a sort of a twelve to

1472
01:09:25,080 --> 01:09:28,559
Speaker 8: eighty month process in last May, so you know we're

1473
01:09:28,600 --> 01:09:31,280
Speaker 8: still on track for that, but a bit early to say.

1474
01:09:31,439 --> 01:09:33,400
Speaker 3: So if you're going to make an update and you're

1475
01:09:33,400 --> 01:09:35,320
Speaker 3: going to give us an update in November, that suggests

1476
01:09:35,320 --> 01:09:37,160
Speaker 3: that you might be talking to someone, is that what's up?

1477
01:09:37,760 --> 01:09:39,320
Speaker 8: No, I wouldn't. I wouldn't go that far. I mean,

1478
01:09:39,320 --> 01:09:41,120
Speaker 8: we've had we've had a lot of interest, as I

1479
01:09:41,160 --> 01:09:43,080
Speaker 8: think we've said previously also we've had a lot of

1480
01:09:43,080 --> 01:09:45,160
Speaker 8: interest in it. But but the what will come out

1481
01:09:45,160 --> 01:09:47,040
Speaker 8: in November is probably what the process, what the sale

1482
01:09:47,080 --> 01:09:49,920
Speaker 8: process would look like and then and then we'll probably

1483
01:09:50,120 --> 01:09:52,080
Speaker 8: take it to market officially sort of come New years.

1484
01:09:52,080 --> 01:09:54,760
Speaker 8: So we're still still early in the process, and it's

1485
01:09:54,760 --> 01:09:56,960
Speaker 8: a complex that of you know that these businesses are

1486
01:09:57,080 --> 01:09:59,599
Speaker 8: very intertwined. You know, we've got factories around the country

1487
01:09:59,600 --> 01:10:02,040
Speaker 8: here news that that make for consumer and they make

1488
01:10:02,080 --> 01:10:04,519
Speaker 8: for ingredients and food service. So it's not a case

1489
01:10:04,520 --> 01:10:06,679
Speaker 8: of just picking up a brand and selling that. There's

1490
01:10:06,680 --> 01:10:08,519
Speaker 8: a lot of sort of unwinding to do that. That's

1491
01:10:08,560 --> 01:10:09,400
Speaker 8: what's taking the time.

1492
01:10:09,760 --> 01:10:12,360
Speaker 3: Miles. How worried are you about power prices in this country?

1493
01:10:14,240 --> 01:10:17,720
Speaker 8: Look, I am. Power prices is one, but security is

1494
01:10:17,720 --> 01:10:19,640
Speaker 8: probably the other one that we need to consider. And

1495
01:10:20,040 --> 01:10:21,720
Speaker 8: I know there's a lot of talk around sort of

1496
01:10:21,760 --> 01:10:24,439
Speaker 8: lifting the oil gas band, but you know, maybe maybe

1497
01:10:24,479 --> 01:10:26,360
Speaker 8: the horse has bolted on some of that. And I'll

1498
01:10:26,400 --> 01:10:28,880
Speaker 8: see some of the announcements around told energy with people today,

1499
01:10:28,880 --> 01:10:31,120
Speaker 8: and you know that those are concerns for us, and

1500
01:10:31,160 --> 01:10:33,680
Speaker 8: so you know, we can't be in a position where

1501
01:10:33,120 --> 01:10:36,920
Speaker 8: we don't have a gas supply or energy supply, so

1502
01:10:37,360 --> 01:10:38,920
Speaker 8: that is a concern for us, and we need to

1503
01:10:38,920 --> 01:10:40,559
Speaker 8: sort of take the destin into our own hands and

1504
01:10:40,560 --> 01:10:42,720
Speaker 8: make sure we have solutions for that, which we'll do.

1505
01:10:43,120 --> 01:10:45,799
Speaker 3: What kind of solutions, well.

1506
01:10:45,640 --> 01:10:47,679
Speaker 8: We need to think about, you know what, what energy

1507
01:10:47,680 --> 01:10:49,439
Speaker 8: sources do we use? You know, at the moment we've

1508
01:10:49,439 --> 01:10:51,519
Speaker 8: sort of got a combination of natural gas and coal.

1509
01:10:51,520 --> 01:10:54,559
Speaker 8: We're obviously exiting coal, as we've said previously, but you

1510
01:10:54,560 --> 01:10:56,280
Speaker 8: know as natural gas. The answer do when you think

1511
01:10:56,280 --> 01:10:58,840
Speaker 8: about you know, speeding up some electriication, or speeding up

1512
01:10:58,880 --> 01:11:02,080
Speaker 8: some of our wood buys, or would palettes of borders.

1513
01:11:02,080 --> 01:11:03,519
Speaker 8: So we need we need to start thinking about those

1514
01:11:03,600 --> 01:11:06,080
Speaker 8: quite seriously, and again back to the results. You know,

1515
01:11:06,160 --> 01:11:07,599
Speaker 8: have a balance sheet to be able to think like that,

1516
01:11:07,760 --> 01:11:09,559
Speaker 8: it's bloody helpful when we have been previously.

1517
01:11:10,680 --> 01:11:13,640
Speaker 3: Do you believe OK, so, would your preference be to

1518
01:11:14,280 --> 01:11:16,880
Speaker 3: you know, obviously yxit coal, and would your preference be

1519
01:11:16,920 --> 01:11:18,559
Speaker 3: to replace that with gas natural gas?

1520
01:11:20,000 --> 01:11:22,320
Speaker 8: No, I certainly not replace the coal with natural gas.

1521
01:11:22,320 --> 01:11:24,240
Speaker 8: But I think we thought natural gas had a longer

1522
01:11:24,320 --> 01:11:26,920
Speaker 8: runway before we started to think about moving those plants

1523
01:11:26,920 --> 01:11:29,800
Speaker 8: out of out of natural gas on on onto something else.

1524
01:11:29,880 --> 01:11:32,559
Speaker 8: But we may need to bring those forward, I guess.

1525
01:11:32,600 --> 01:11:35,519
Speaker 3: And would would you like us to find more gas?

1526
01:11:36,760 --> 01:11:38,679
Speaker 8: If we could find more gas, it'll be very helpful.

1527
01:11:38,760 --> 01:11:40,080
Speaker 3: Do you think there's more gas?

1528
01:11:41,280 --> 01:11:43,120
Speaker 8: Oh, look at I'm outside of my wheelhouse on that

1529
01:11:43,120 --> 01:11:45,280
Speaker 8: one either. You know, if there is more gas, it

1530
01:11:45,360 --> 01:11:46,920
Speaker 8: would be great for it to come onto the market,

1531
01:11:46,960 --> 01:11:49,320
Speaker 8: but as we sit there today, it's certainly constrained and

1532
01:11:49,720 --> 01:11:52,000
Speaker 8: that worries not just us, but I think the industry

1533
01:11:52,040 --> 01:11:52,479
Speaker 8: as a whole.

1534
01:11:53,280 --> 01:11:54,880
Speaker 3: Miles is really good to talk to you, Thank you

1535
01:11:55,000 --> 01:11:59,200
Speaker 3: and enjoy your success today. That's Miles Hurrell, Fonterra's chief executive. Now, Miles,

1536
01:11:59,280 --> 01:12:02,440
Speaker 3: he was talking about Todd Energy's announcement today. Todd's announced

1537
01:12:02,520 --> 01:12:04,200
Speaker 3: that it's going to shed jobs.

1538
01:12:04,240 --> 01:12:04,439
Speaker 10: Now.

1539
01:12:04,600 --> 01:12:07,519
Speaker 3: Todd is one of the big players in the gas

1540
01:12:07,560 --> 01:12:10,479
Speaker 3: here in New Zealand. It telled Energy one of the

1541
01:12:10,479 --> 01:12:13,160
Speaker 3: subsidiari zones twenty six percent of the offshore poor who

1542
01:12:13,240 --> 01:12:16,599
Speaker 3: could a field a Todd's spokesperson told The Herald today

1543
01:12:16,600 --> 01:12:19,280
Speaker 3: that it's reviewing its operations with a focus on simplification

1544
01:12:19,360 --> 01:12:23,320
Speaker 3: and efficiency and this is the important thing. Our refocus

1545
01:12:23,360 --> 01:12:26,760
Speaker 3: on New Zealand, coupled with declining gas reserves, means that

1546
01:12:26,840 --> 01:12:30,160
Speaker 3: Todd is adopting a simplified structure. Unfortunately, this will also

1547
01:12:30,200 --> 01:12:33,479
Speaker 3: result in a reduction in jobs. This is the opposite

1548
01:12:33,520 --> 01:12:35,200
Speaker 3: of what the government wants at the moment. And because

1549
01:12:35,600 --> 01:12:38,799
Speaker 3: Shane Jones has introduced the Oil and Gas band Reversal

1550
01:12:38,840 --> 01:12:41,479
Speaker 3: Bill today, they will be trying to get people like

1551
01:12:41,520 --> 01:12:44,800
Speaker 3: Todd and corporations like Todd to increase their presence in

1552
01:12:44,840 --> 01:12:47,840
Speaker 3: New Zealand, not decrease. Shane Jones is with us after

1553
01:12:47,880 --> 01:12:50,200
Speaker 3: huff Pass six. We'll talk to him about that thirteen.

1554
01:12:49,800 --> 01:12:53,640
Speaker 2: Past crunching the numbers and getting the results.

1555
01:12:53,800 --> 01:12:55,519
Speaker 1: It's Heather Dupice Ellen with.

1556
01:12:55,600 --> 01:12:59,320
Speaker 2: The Business Hours thanks to my HR, the HR platform

1557
01:12:59,360 --> 01:13:00,080
Speaker 2: for SME.

1558
01:13:01,920 --> 01:13:04,559
Speaker 3: Hither unless Winston goes rogue and the chances of New

1559
01:13:04,600 --> 01:13:07,080
Speaker 3: Zealand having a CGT in the next ten years is minimal.

1560
01:13:07,120 --> 01:13:09,240
Speaker 3: No property going and will vote for any party proposing this.

1561
01:13:09,280 --> 01:13:10,880
Speaker 3: And if you think rents a high our weight until

1562
01:13:10,880 --> 01:13:12,920
Speaker 3: that gets built in. Jonathan good point. And also to

1563
01:13:13,000 --> 01:13:15,560
Speaker 3: the point here, there isn't the point of a CGT

1564
01:13:15,760 --> 01:13:17,560
Speaker 3: to take the heat out of the housing market. So

1565
01:13:17,600 --> 01:13:20,479
Speaker 3: if everyone bakes a capital gains tax into their asking price,

1566
01:13:21,000 --> 01:13:23,240
Speaker 3: while the government might collect lots of tax, we're still

1567
01:13:23,240 --> 01:13:26,120
Speaker 3: putting more heat, not less into the market, making homes

1568
01:13:26,200 --> 01:13:29,040
Speaker 3: less affordable, not more affordable, which is another good point

1569
01:13:29,240 --> 01:13:33,280
Speaker 3: also the argument, okay, our life. Jack has accepted that

1570
01:13:33,400 --> 01:13:36,639
Speaker 3: he got it wrong, and he understands where we're coming

1571
01:13:36,640 --> 01:13:38,800
Speaker 3: from now. And then he said, well, this is the way, Jess,

1572
01:13:38,800 --> 01:13:41,639
Speaker 3: I can't believe I'm arguing Jack's argument for you. He said,

1573
01:13:41,640 --> 01:13:43,760
Speaker 3: this is the way that you do it right, is

1574
01:13:43,800 --> 01:13:46,840
Speaker 3: that you buy, you take a knock, you pay the

1575
01:13:46,880 --> 01:13:48,760
Speaker 3: tax on your family home, and then you try to

1576
01:13:48,760 --> 01:13:50,720
Speaker 3: buy another family home that's comparable, but you get a

1577
01:13:50,760 --> 01:13:55,320
Speaker 3: tax credit. Like what talk about oversimplifying is over complicating.

1578
01:13:55,400 --> 01:13:56,960
Speaker 3: It wasn't the point that he was trying to make

1579
01:13:57,000 --> 01:13:59,519
Speaker 3: that we need to simplify the tax system, so it's fair.

1580
01:13:59,560 --> 01:14:02,719
Speaker 3: You just have simplified kind of capital gains tax, all encompassing,

1581
01:14:02,720 --> 01:14:04,640
Speaker 3: you don't have to dick around with exemptions and that

1582
01:14:04,720 --> 01:14:06,120
Speaker 3: kind of nonsense. But then all of a sudden, we

1583
01:14:06,160 --> 01:14:08,400
Speaker 3: have to have tax credits so that you can afford

1584
01:14:08,479 --> 01:14:10,559
Speaker 3: the same kind of family home that you just sold.

1585
01:14:10,600 --> 01:14:14,479
Speaker 3: So no, anyway, I think we've have we have we

1586
01:14:14,520 --> 01:14:16,040
Speaker 3: reached the point? Have we reached the point that we

1587
01:14:16,120 --> 01:14:18,880
Speaker 3: reached in twenty fourteen and twenty eleven and twenty seventeen

1588
01:14:18,920 --> 01:14:21,040
Speaker 3: and every other Have we reached it? Yeah? Capital gains,

1589
01:14:21,080 --> 01:14:22,280
Speaker 3: tax sucks, don't do.

1590
01:14:22,280 --> 01:14:23,599
Speaker 1: It seventeen fteen.

1591
01:14:26,200 --> 01:14:28,960
Speaker 3: I'm getting trolled by Andy the producer, because you know,

1592
01:14:29,000 --> 01:14:31,280
Speaker 3: as to whether you're difficult to work with or not.

1593
01:14:31,320 --> 01:14:33,320
Speaker 3: Andy has made it abundantly clear to me today that

1594
01:14:33,320 --> 01:14:34,880
Speaker 3: I am difficult to work with, and he's just going

1595
01:14:34,880 --> 01:14:36,160
Speaker 3: to make sure that the rest of the show is

1596
01:14:36,160 --> 01:14:38,840
Speaker 3: a complete shambles, aren't you Andy? Yep, Okay, that's okay,

1597
01:14:38,960 --> 01:14:42,400
Speaker 3: that's fine, thank you. We'll we'll just soldier on seventeen

1598
01:14:42,439 --> 01:14:47,120
Speaker 3: past six. Samtrathir We Milford Asset Management. Hello, Sam, evening, Heather, Well, jeez,

1599
01:14:47,120 --> 01:14:48,600
Speaker 3: that was a bit rough from Catman Do. How did

1600
01:14:48,600 --> 01:14:49,479
Speaker 3: the market received that?

1601
01:14:50,520 --> 01:14:50,800
Speaker 26: I like?

1602
01:14:50,840 --> 01:14:53,360
Speaker 11: I think it would be fair to say investor expectations

1603
01:14:53,960 --> 01:14:56,000
Speaker 11: weren't that high game to the result, and that turned

1604
01:14:56,000 --> 01:14:58,559
Speaker 11: out to be rightly so. Of the overall performance from

1605
01:14:58,600 --> 01:15:01,960
Speaker 11: cat Man Do whilst soft compared to the prior year,

1606
01:15:02,040 --> 01:15:04,839
Speaker 11: So the business went from declaring a headline reported profit

1607
01:15:04,960 --> 01:15:08,040
Speaker 11: of thirty six million last year to a loss this

1608
01:15:08,160 --> 01:15:10,519
Speaker 11: year of forty eight million, which is really driven by

1609
01:15:10,640 --> 01:15:13,320
Speaker 11: soft training and a pretty decent impairment against one of

1610
01:15:13,360 --> 01:15:17,599
Speaker 11: its businesses. So consequently they didn't declare a dividend given

1611
01:15:17,640 --> 01:15:18,680
Speaker 11: that self performance.

1612
01:15:19,280 --> 01:15:20,840
Speaker 8: If you look at the Catmandu.

1613
01:15:20,400 --> 01:15:23,160
Speaker 11: Group these days, it includes surf brand and Ripkel as

1614
01:15:23,200 --> 01:15:25,439
Speaker 11: well as an outdoor full wheell brand called Obo, so

1615
01:15:25,600 --> 01:15:29,120
Speaker 11: not just selling the buffer jackets everyone knows. But I

1616
01:15:29,120 --> 01:15:33,360
Speaker 11: think it really was reflective of subdued economic environment across

1617
01:15:33,360 --> 01:15:37,240
Speaker 11: its brands, possibly a bit of increased competition from Macprap

1618
01:15:37,560 --> 01:15:42,640
Speaker 11: Macpack within it's within the Katmandu business, but also was

1619
01:15:42,760 --> 01:15:46,080
Speaker 11: very consistent across each of the regions it operates in globally,

1620
01:15:46,200 --> 01:15:50,439
Speaker 11: so not surprising, but really confirms that things are tough

1621
01:15:50,479 --> 01:15:52,160
Speaker 11: out there still for retailers.

1622
01:15:52,280 --> 01:15:54,640
Speaker 3: Ye on Fonterra, I mean, it's come back a wee

1623
01:15:54,680 --> 01:15:57,519
Speaker 3: bit from last year's record, but it's still pretty strong,

1624
01:15:57,600 --> 01:15:57,960
Speaker 3: isn't it.

1625
01:15:58,640 --> 01:16:01,000
Speaker 11: I think it's a very decent contrast to what's going

1626
01:16:01,040 --> 01:16:04,200
Speaker 11: on at Catmandu that the Fonterra results would have kept

1627
01:16:04,200 --> 01:16:07,200
Speaker 11: Farmer shareholders and investors very happy. So they came in

1628
01:16:07,240 --> 01:16:10,040
Speaker 11: and reported earnings and profits at the top end of

1629
01:16:10,080 --> 01:16:14,200
Speaker 11: their prior guidance seventy cents per year. That was down

1630
01:16:14,240 --> 01:16:16,880
Speaker 11: from last year's stellar year, which was eighty cents per year,

1631
01:16:16,880 --> 01:16:19,160
Speaker 11: but it still represents a very good year and well

1632
01:16:19,200 --> 01:16:22,200
Speaker 11: above what they have achieved over the past decades. And

1633
01:16:22,240 --> 01:16:25,120
Speaker 11: they did declare a special dividends which wasn't anticipated by

1634
01:16:25,200 --> 01:16:28,240
Speaker 11: sharehoddles of fifteen cents as well, So that shows that

1635
01:16:28,280 --> 01:16:30,559
Speaker 11: the balance sheet as in good shape. If you want

1636
01:16:30,640 --> 01:16:33,880
Speaker 11: it to be critical, you could say that Fonterra was

1637
01:16:33,920 --> 01:16:36,360
Speaker 11: a little bit cautious in its guidance for the air head,

1638
01:16:36,439 --> 01:16:38,719
Speaker 11: so only really talking in line with long term targets.

1639
01:16:38,720 --> 01:16:40,800
Speaker 11: And they put a pretty wide range on their milk

1640
01:16:40,800 --> 01:16:41,920
Speaker 11: plus forecast as well.

1641
01:16:41,960 --> 01:16:43,240
Speaker 4: But it's early in the.

1642
01:16:43,200 --> 01:16:46,280
Speaker 11: Season season and I'd expect them to adjust that throughout

1643
01:16:46,280 --> 01:16:46,599
Speaker 11: the year.

1644
01:16:47,800 --> 01:16:49,640
Speaker 3: You know, Miles Harrel has made quite a play of

1645
01:16:49,640 --> 01:16:50,800
Speaker 3: the fact that there were going to be some really

1646
01:16:50,800 --> 01:16:54,559
Speaker 3: big changes to Fonterra's strategy under him. Are we starting

1647
01:16:54,600 --> 01:16:55,559
Speaker 3: to see the benefit of those?

1648
01:16:55,560 --> 01:16:58,720
Speaker 11: Do you think yes? I think that's really the key

1649
01:16:58,760 --> 01:17:01,800
Speaker 11: positive out of the the Fontier result and why I

1650
01:17:01,800 --> 01:17:03,920
Speaker 11: think the share price has been performing the way it

1651
01:17:04,040 --> 01:17:07,720
Speaker 11: is is that that strategy, the changes that Miles has

1652
01:17:07,720 --> 01:17:11,520
Speaker 11: put in and his management team that prioritization and refocus

1653
01:17:11,600 --> 01:17:14,559
Speaker 11: on the core New Zealand business is now clearly beginning

1654
01:17:14,600 --> 01:17:16,519
Speaker 11: to deliver returns for the co op. So if you

1655
01:17:16,560 --> 01:17:19,320
Speaker 11: look back at the last decade, Fontira had been a

1656
01:17:19,360 --> 01:17:23,599
Speaker 11: real underperform on the share market due to largely ongoing

1657
01:17:23,600 --> 01:17:26,840
Speaker 11: issues across its offshore activities, be at their farms in China,

1658
01:17:27,280 --> 01:17:31,120
Speaker 11: South American ventures or its global consumer business. So the

1659
01:17:31,200 --> 01:17:35,240
Speaker 11: changes that Miles has made simplifying the business, focusing in

1660
01:17:35,320 --> 01:17:37,519
Speaker 11: on that core has made it a lot less volatile,

1661
01:17:37,680 --> 01:17:41,640
Speaker 11: more stable, far easier for investors to understand and what

1662
01:17:41,720 --> 01:17:44,080
Speaker 11: the share price has performed well since, so I think

1663
01:17:44,080 --> 01:17:47,719
Speaker 11: well done to his management team. They certainly have looked

1664
01:17:47,720 --> 01:17:49,840
Speaker 11: to make some good decisions and it's flying through to

1665
01:17:49,880 --> 01:17:52,360
Speaker 11: the earnings. The challenge for them is to keep it

1666
01:17:52,400 --> 01:17:55,559
Speaker 11: going and judging by what they're saying today, there is

1667
01:17:55,800 --> 01:17:59,719
Speaker 11: further refinement to be made at strategy announcement next week.

1668
01:18:00,120 --> 01:18:01,799
Speaker 3: Sam's always good to talk to you. I really appreciate

1669
01:18:01,840 --> 01:18:04,160
Speaker 3: your time, mate that Sam Trathui of Milford Asset Management.

1670
01:18:04,720 --> 01:18:06,040
Speaker 3: I don't know if you recall, but I was telling

1671
01:18:06,040 --> 01:18:08,120
Speaker 3: you the other day about the vape and Sigi stores

1672
01:18:08,120 --> 01:18:10,519
Speaker 3: that have been fined in this crackdown that's been going on,

1673
01:18:10,520 --> 01:18:12,280
Speaker 3: you know, on them selling to underage and stuff, and

1674
01:18:12,320 --> 01:18:15,519
Speaker 3: one of them got fined eight thousand dollars. This is

1675
01:18:15,520 --> 01:18:18,120
Speaker 3: one in Hawk's Bay. And what they had been doing

1676
01:18:18,200 --> 01:18:21,280
Speaker 3: was they had been selling single cigies. Well, now we've

1677
01:18:21,280 --> 01:18:23,760
Speaker 3: got the details of what was going on. Apparently, in

1678
01:18:23,880 --> 01:18:26,280
Speaker 3: order to buy the single ciggies from this particular place,

1679
01:18:27,360 --> 01:18:30,360
Speaker 3: you had to know the code, and the code to

1680
01:18:30,360 --> 01:18:33,240
Speaker 3: buy the single ciggies was whites. You had to say whites.

1681
01:18:33,760 --> 01:18:36,840
Speaker 3: So someone under cover went in and obviously knew the

1682
01:18:36,880 --> 01:18:40,559
Speaker 3: code and asked for two whites and paid five bucks.

1683
01:18:40,600 --> 01:18:44,280
Speaker 3: And the two whites were two Double Happiness ciggies. Double

1684
01:18:44,320 --> 01:18:49,599
Speaker 3: Happiness is a Chinese brand ciggi, So that would sugg

1685
01:18:50,760 --> 01:18:52,720
Speaker 3: That would make me think there's some sort of black

1686
01:18:52,720 --> 01:18:54,479
Speaker 3: market thing going on here, which is what the tobacco

1687
01:18:54,479 --> 01:18:56,120
Speaker 3: companies have been warning about for a while, and we've

1688
01:18:56,120 --> 01:18:57,760
Speaker 3: all sort of been poo pooing and going it's not real.

1689
01:18:57,800 --> 01:19:00,320
Speaker 3: But apparently it is hell of a markup on the

1690
01:19:00,600 --> 01:19:03,439
Speaker 3: Double Happiness ciggies because you can buy a pack of

1691
01:19:03,479 --> 01:19:05,960
Speaker 3: twenty for six bucks duty free. I had looked today

1692
01:19:06,479 --> 01:19:09,120
Speaker 3: six barks that's thirty cents of siggy, So two siggis

1693
01:19:09,120 --> 01:19:11,400
Speaker 3: at sixty cents and you just paid five bucks for it.

1694
01:19:11,520 --> 01:19:11,840
Speaker 5: Wow.

1695
01:19:12,840 --> 01:19:15,080
Speaker 3: No, wonder they were doing that. I mean that that's

1696
01:19:15,120 --> 01:19:18,040
Speaker 3: a that was an awesome business until they got fined

1697
01:19:18,040 --> 01:19:19,800
Speaker 3: eight thousand dollars six twenty two.

1698
01:19:21,520 --> 01:19:24,479
Speaker 1: If it's to do with money, it matters to you.

1699
01:19:24,920 --> 01:19:28,519
Speaker 2: The Business Hour with Heather duper Clan and my HR

1700
01:19:28,880 --> 01:19:32,719
Speaker 2: the HR solution for busy smy on news Talks, I'd.

1701
01:19:32,560 --> 01:19:36,120
Speaker 3: Be Chris Luxon's had quite a good crack at Antonio

1702
01:19:36,160 --> 01:19:38,760
Speaker 3: Watson of a m Z. I'm gonna have to get

1703
01:19:38,800 --> 01:19:41,320
Speaker 3: you through. Actually I'll get you through that before before

1704
01:19:41,320 --> 01:19:42,720
Speaker 3: the end of the program in the next half hour.

1705
01:19:42,840 --> 01:19:44,439
Speaker 3: So just quickly on his bull I was telling you

1706
01:19:44,479 --> 01:19:46,400
Speaker 3: earlier that his buller had fired, or at least a

1707
01:19:46,400 --> 01:19:48,839
Speaker 3: missile had been fired at Tel Aviv. It was Hezbouller.

1708
01:19:48,920 --> 01:19:51,200
Speaker 3: They have confirmed it was them. They say they had

1709
01:19:51,240 --> 01:19:55,200
Speaker 3: targeted the headquarters of the intelligence agency moss Ad. So

1710
01:19:55,400 --> 01:19:58,040
Speaker 3: just just go in for the aiming for the top.

1711
01:19:58,120 --> 01:20:01,160
Speaker 3: They're not gonna waste that miss on anything short of

1712
01:20:01,240 --> 01:20:04,720
Speaker 3: moss Ad claiming Mossad is responsible for assassinating leaders and

1713
01:20:04,720 --> 01:20:07,200
Speaker 3: blowing up pages and wireless devices. I think we know

1714
01:20:07,280 --> 01:20:08,920
Speaker 3: that was moss Ad, so that's not really all that

1715
01:20:09,400 --> 01:20:13,840
Speaker 3: all that controversial. Six twenty five. Now interesting research on

1716
01:20:13,920 --> 01:20:16,120
Speaker 3: what we care about at work and how just how

1717
01:20:16,439 --> 01:20:18,400
Speaker 3: if you feel like the young ones at work? These

1718
01:20:18,439 --> 01:20:20,920
Speaker 3: are like the eighteen to twenty sevens, right, the gen

1719
01:20:21,000 --> 01:20:23,600
Speaker 3: Z guys, if you feel like they are out of

1720
01:20:23,680 --> 01:20:26,599
Speaker 3: step with everybody else at work, you're not imagining it.

1721
01:20:26,720 --> 01:20:30,360
Speaker 3: They actually are. They are miserable. Seventy two percent of

1722
01:20:30,400 --> 01:20:33,040
Speaker 3: boomers are super happy at work. That's the vast majority,

1723
01:20:33,160 --> 01:20:35,160
Speaker 3: just loving the work because it's the end of it.

1724
01:20:35,640 --> 01:20:37,160
Speaker 3: They getting to the end and they know that the

1725
01:20:37,200 --> 01:20:39,000
Speaker 3: days are numbered, and so they're just having the best

1726
01:20:39,000 --> 01:20:42,200
Speaker 3: time possible. The gen Z is, though, fifty two percent

1727
01:20:42,280 --> 01:20:44,960
Speaker 3: of them are happy. So basically how for them are miserable?

1728
01:20:45,880 --> 01:20:47,599
Speaker 3: Everybody got asked to rank, like, what are the most

1729
01:20:47,640 --> 01:20:50,280
Speaker 3: important things for you? And the most important things are

1730
01:20:50,320 --> 01:20:52,360
Speaker 3: Number one purpose, like having a purpose in your job.

1731
01:20:53,200 --> 01:20:55,760
Speaker 3: Number two to your day to day responsibilities? Number three

1732
01:20:56,400 --> 01:20:58,840
Speaker 3: company culture obviously, how is it nice to work there

1733
01:20:58,920 --> 01:21:01,599
Speaker 3: or whatever? Number four salary, Number five stress levels right

1734
01:21:02,040 --> 01:21:04,280
Speaker 3: not the gen Z is No. Number one for them

1735
01:21:04,360 --> 01:21:04,919
Speaker 3: is salary.

1736
01:21:04,960 --> 01:21:05,120
Speaker 2: Now.

1737
01:21:05,160 --> 01:21:07,639
Speaker 3: I can understand that because if you're under twenty seven,

1738
01:21:07,680 --> 01:21:11,240
Speaker 3: you're probably not being paid that much because you're starting

1739
01:21:11,240 --> 01:21:12,920
Speaker 3: out right, and you know you're worth more than that

1740
01:21:12,960 --> 01:21:14,800
Speaker 3: in your own head, especially if you're gen Z, you

1741
01:21:14,880 --> 01:21:17,160
Speaker 3: know you're worth more than that, so you're miserable about that.

1742
01:21:17,479 --> 01:21:22,160
Speaker 3: But also number two for them is ESG, as in Environmental,

1743
01:21:22,240 --> 01:21:27,360
Speaker 3: Social and governance of a business. It was like, really,

1744
01:21:27,960 --> 01:21:31,160
Speaker 3: that's more important to you than having purpose and stress

1745
01:21:31,240 --> 01:21:33,559
Speaker 3: levels and your day to day responsibilities. I don't get

1746
01:21:33,560 --> 01:21:35,639
Speaker 3: it anyway, so I said to Laura, I said, Laura,

1747
01:21:35,960 --> 01:21:38,200
Speaker 3: call Kenzie in. Get Kenzie in here to come and

1748
01:21:38,240 --> 01:21:41,320
Speaker 3: explain to us why is EESG so important to her

1749
01:21:41,360 --> 01:21:44,679
Speaker 3: and the rest of Oh no, she's gone home. She's

1750
01:21:44,720 --> 01:21:47,400
Speaker 3: gone home for the day. Kenzy Show's not even finished.

1751
01:21:47,720 --> 01:21:50,559
Speaker 3: Hosts are still here. The other two millennials are still here.

1752
01:21:50,600 --> 01:21:52,719
Speaker 3: The gen z Is gone home. I feel like Kenzi

1753
01:21:52,720 --> 01:21:54,320
Speaker 3: would be in the fifty two percent who are loving

1754
01:21:54,360 --> 01:21:56,679
Speaker 3: their work because she's not at work, which is why

1755
01:21:56,720 --> 01:21:58,800
Speaker 3: she's loving it. So it will remain a mystery to

1756
01:21:58,920 --> 01:22:01,280
Speaker 3: us as to why the gen z Is think that

1757
01:22:01,520 --> 01:22:04,080
Speaker 3: ESG is that important. I don't know and probably will

1758
01:22:04,080 --> 01:22:08,240
Speaker 3: never Kensey coming back tomorrow, who knows, maybe maybe not,

1759
01:22:08,360 --> 01:22:10,880
Speaker 3: she's gen Z. I's going to answer a phone, who knows,

1760
01:22:12,080 --> 01:22:14,000
Speaker 3: don't sue me, kensey, even if you don't have the

1761
01:22:14,040 --> 01:22:15,640
Speaker 3: money to any of it, if if you wanted to,

1762
01:22:15,720 --> 01:22:28,320
Speaker 3: so maybe try Shane Jones next and headlines.

1763
01:22:25,280 --> 01:22:27,639
Speaker 1: Crunching the numbers and getting the results.

1764
01:22:27,920 --> 01:22:31,240
Speaker 2: It's Heather duple c Ellen with the Business Hour thanks

1765
01:22:31,320 --> 01:22:35,240
Speaker 2: to my HR the HR solution for busy sms on

1766
01:22:35,400 --> 01:22:36,000
Speaker 2: news talks.

1767
01:22:36,680 --> 01:22:40,240
Speaker 15: J A C K A KA Rico like soive young

1768
01:22:40,240 --> 01:22:42,120
Speaker 15: arigue speaking a AKA.

1769
01:22:42,280 --> 01:22:44,040
Speaker 4: She's an alphabet, not a round your boys.

1770
01:22:44,040 --> 01:22:45,080
Speaker 14: She could quiet around your boy.

1771
01:22:45,160 --> 01:22:46,240
Speaker 3: Hold on, I don't know what you heard.

1772
01:22:46,240 --> 01:22:47,400
Speaker 17: It was you died a budge of boy.

1773
01:22:47,479 --> 01:22:48,320
Speaker 1: But they lied a budget.

1774
01:22:48,680 --> 01:22:52,200
Speaker 3: No more silly buggers at parliament. Parliament has basically turned

1775
01:22:52,200 --> 01:22:55,960
Speaker 3: their security staff into quasi a quasi police force. They've

1776
01:22:55,960 --> 01:22:57,960
Speaker 3: given the security. I mean, it wasn't that long ago.

1777
01:22:58,000 --> 01:23:00,679
Speaker 3: It was Dad's army who were running up and disrespect

1778
01:23:00,720 --> 01:23:02,280
Speaker 3: to them. But they were just a lovely bunch of

1779
01:23:03,439 --> 01:23:06,240
Speaker 3: older people who were sort of manning the doors and

1780
01:23:06,280 --> 01:23:09,479
Speaker 3: you know, chatting to you and stuff. Now, oh my goodness,

1781
01:23:09,680 --> 01:23:14,559
Speaker 3: got powers of seizure, arrest and search. The powers they

1782
01:23:14,600 --> 01:23:16,960
Speaker 3: are limited to some extent. The powers of arrest will

1783
01:23:17,000 --> 01:23:19,720
Speaker 3: only exist for four hours. So if they arrest you

1784
01:23:19,760 --> 01:23:21,599
Speaker 3: at Parliament and then it's like four hours and one minute.

1785
01:23:21,600 --> 01:23:24,680
Speaker 3: You could be it right by, or or as long

1786
01:23:24,720 --> 01:23:26,599
Speaker 3: as the police take to arrive. Then the police arrive

1787
01:23:26,640 --> 01:23:28,960
Speaker 3: and take over. But anyway, no more silly buggers of Parliament,

1788
01:23:29,080 --> 01:23:31,559
Speaker 3: and we'll protests to Parliament putting up your tents and stuff,

1789
01:23:31,560 --> 01:23:33,439
Speaker 3: because these guys can come and sort you out. On

1790
01:23:33,479 --> 01:23:35,280
Speaker 3: another matter, Gavin Gray is going to be with us

1791
01:23:35,280 --> 01:23:37,240
Speaker 3: in ten minutes time. Right now. It's twenty four away

1792
01:23:37,240 --> 01:23:39,880
Speaker 3: from seven they do for sea now. The government has

1793
01:23:39,920 --> 01:23:42,800
Speaker 3: today started the process to overturn the ban on oil

1794
01:23:42,840 --> 01:23:45,479
Speaker 3: and gas exploration and our Resources Minister Shane Jones is

1795
01:23:45,479 --> 01:23:45,720
Speaker 3: with us.

1796
01:23:45,760 --> 01:23:47,839
Speaker 8: Hey Shane, Hey, good afternoon.

1797
01:23:47,880 --> 01:23:49,320
Speaker 16: All good evening, Yeah, good evening.

1798
01:23:49,360 --> 01:23:52,080
Speaker 3: How are you going convincing the oil and gas companies

1799
01:23:52,080 --> 01:23:53,120
Speaker 3: to come back to New Zealand.

1800
01:23:54,160 --> 01:23:56,120
Speaker 9: Oh, it's got a bit of interest. A host of

1801
01:23:56,200 --> 01:23:59,679
Speaker 9: ben to see me. Some are relatively small and they're

1802
01:23:59,680 --> 01:24:03,559
Speaker 9: willing to invest in the fields that still have a

1803
01:24:03,560 --> 01:24:06,920
Speaker 9: bit of juice left in them. The others that have

1804
01:24:07,040 --> 01:24:11,320
Speaker 9: bigger checkbooks are looking to wait and see the final

1805
01:24:11,439 --> 01:24:14,799
Speaker 9: shape and form of the bill. Naturally, they're but fearful

1806
01:24:14,840 --> 01:24:17,120
Speaker 9: as to whether or not the government's going to change

1807
01:24:17,880 --> 01:24:22,800
Speaker 9: and the Venezuelan orientated Green Party takeover. But I see

1808
01:24:22,840 --> 01:24:24,320
Speaker 9: there's a little prospect of that happening.

1809
01:24:24,400 --> 01:24:26,160
Speaker 3: Okay, so what do they want to see in the builder?

1810
01:24:26,200 --> 01:24:28,200
Speaker 3: But guys, before they actually put their money back in

1811
01:24:28,200 --> 01:24:29,559
Speaker 3: the country, Oh, they.

1812
01:24:29,479 --> 01:24:33,120
Speaker 9: Want to be sure that there's a balanced approach to decommissioning.

1813
01:24:33,160 --> 01:24:37,000
Speaker 9: That means cleaning up. That's the first thing. Second thing

1814
01:24:37,600 --> 01:24:40,879
Speaker 9: that the process for allocating the consents of the permits,

1815
01:24:40,920 --> 01:24:46,600
Speaker 9: it's rational, and more importantly that whatever rights they secure,

1816
01:24:47,360 --> 01:24:51,200
Speaker 9: that they're protected, they're safeguarded, and they're a change of government,

1817
01:24:52,160 --> 01:24:54,839
Speaker 9: doesn't mean that they can be arbitrarily strict.

1818
01:24:55,240 --> 01:24:56,559
Speaker 3: Have you figured out how to do that?

1819
01:24:57,640 --> 01:24:57,880
Speaker 23: Yeah?

1820
01:24:58,000 --> 01:25:00,680
Speaker 9: Yeah, no, No, the bill's got some robust detections. And

1821
01:25:00,800 --> 01:25:04,719
Speaker 9: also what are that trainsparent process? Well, number one, if

1822
01:25:04,760 --> 01:25:09,640
Speaker 9: you are allocated a permit, then that permit cannot be

1823
01:25:10,320 --> 01:25:13,800
Speaker 9: summarily stripped away from you. If you are a high

1824
01:25:13,920 --> 01:25:17,599
Speaker 9: quality enterite lak someone like Rio Tinto, et cetera, then

1825
01:25:17,760 --> 01:25:20,360
Speaker 9: a great deal of focus and emphasis will be placed

1826
01:25:20,360 --> 01:25:22,800
Speaker 9: on your pedigree and your reputation and the fact that

1827
01:25:22,840 --> 01:25:26,840
Speaker 9: you have had a profound experience in operating these industries

1828
01:25:26,880 --> 01:25:29,639
Speaker 9: overseas and you won't be totally put through the ringer.

1829
01:25:30,880 --> 01:25:33,680
Speaker 3: Okay, is that any different to what it was beforehand

1830
01:25:33,760 --> 01:25:37,000
Speaker 3: with stripping away the oil and gas expiration permits, because

1831
01:25:37,000 --> 01:25:38,960
Speaker 3: that's not what the last government did. That that freaked

1832
01:25:38,960 --> 01:25:41,160
Speaker 3: people out anyway, Well.

1833
01:25:41,040 --> 01:25:45,400
Speaker 9: The last government puts such huge, onerous obligations on the

1834
01:25:45,479 --> 01:25:50,240
Speaker 9: cleanup that people that people basically gave up. The obligations

1835
01:25:50,760 --> 01:25:53,719
Speaker 9: were so extraordinarily heavy, they were the worst in the world,

1836
01:25:53,800 --> 01:25:55,200
Speaker 9: so no one was prepared to do it.

1837
01:25:55,240 --> 01:25:57,960
Speaker 3: But is it possible for you guys to lay out

1838
01:25:57,960 --> 01:26:00,720
Speaker 3: what you expect the clean up the cleanup obligations to

1839
01:26:00,760 --> 01:26:02,920
Speaker 3: be without the next lot coming in and beefing them

1840
01:26:03,000 --> 01:26:03,360
Speaker 3: up again.

1841
01:26:04,240 --> 01:26:04,439
Speaker 8: Yeah?

1842
01:26:04,439 --> 01:26:07,240
Speaker 9: I think it is because those will be contractual obligations

1843
01:26:07,920 --> 01:26:15,280
Speaker 9: and contracts will be enabled to exist beyond regimes.

1844
01:26:15,360 --> 01:26:17,960
Speaker 3: So do you do you expect then that the big guys,

1845
01:26:18,000 --> 01:26:20,479
Speaker 3: having seen the bill now, that are they waiting for

1846
01:26:20,520 --> 01:26:23,040
Speaker 3: the bill basically to pass into an act before they

1847
01:26:23,080 --> 01:26:24,720
Speaker 3: actually do something, or will they look at the bill

1848
01:26:24,760 --> 01:26:26,240
Speaker 3: as it is right now and go okay, cool, yep,

1849
01:26:26,479 --> 01:26:27,040
Speaker 3: we're all good.

1850
01:26:28,000 --> 01:26:29,799
Speaker 9: Yeah, I mean they're going to wait for it to pass.

1851
01:26:30,400 --> 01:26:33,000
Speaker 9: But look, I've had some positive feedback already.

1852
01:26:33,360 --> 01:26:35,400
Speaker 3: What about Todd though in their announcement today.

1853
01:26:36,840 --> 01:26:39,160
Speaker 9: Look, I've got They've got a call in with me

1854
01:26:40,000 --> 01:26:42,400
Speaker 9: and the message from them is that there's a lot.

1855
01:26:42,240 --> 01:26:44,559
Speaker 8: Of misinformation in the media. But I'll talk to them

1856
01:26:44,600 --> 01:26:45,320
Speaker 8: later around the seat.

1857
01:26:45,600 --> 01:26:47,320
Speaker 3: Oh really, what is the misinformation?

1858
01:26:48,240 --> 01:26:49,800
Speaker 8: If you ring me tomorrow, I'll be able to share

1859
01:26:49,800 --> 01:26:50,200
Speaker 8: it with you.

1860
01:26:51,840 --> 01:26:54,960
Speaker 3: Because they say our refocus on New Zealand, coupled with

1861
01:26:55,040 --> 01:26:59,400
Speaker 3: declining gas reserves means that Todd is adopting a simplified structure.

1862
01:26:59,479 --> 01:27:02,400
Speaker 3: Unfortunately Lead this will also result in a reduction of jobs.

1863
01:27:02,439 --> 01:27:06,200
Speaker 3: That's them quota debatim I can't see how that could

1864
01:27:06,200 --> 01:27:07,000
Speaker 3: be misconstrued.

1865
01:27:08,200 --> 01:27:11,360
Speaker 9: Well, at the end of the day, they already have

1866
01:27:11,880 --> 01:27:16,360
Speaker 9: gas interests. They are selling gas as we speak. They

1867
01:27:16,400 --> 01:27:19,960
Speaker 9: recently were involved in a High court case with methadics.

1868
01:27:21,520 --> 01:27:25,320
Speaker 9: They've got a hell of a lot of investment capital

1869
01:27:25,360 --> 01:27:27,679
Speaker 9: tied up in the gas industry.

1870
01:27:27,880 --> 01:27:30,040
Speaker 3: Shane, do you I mean? Seems to be that at

1871
01:27:30,040 --> 01:27:32,240
Speaker 3: the heart of their concerns is whether we actually have

1872
01:27:32,280 --> 01:27:33,880
Speaker 3: any more gas out there? Do you think we have

1873
01:27:33,920 --> 01:27:34,880
Speaker 3: more gas out there?

1874
01:27:35,320 --> 01:27:35,519
Speaker 10: Yeah?

1875
01:27:35,560 --> 01:27:38,200
Speaker 9: The geologists assume me that we've got more gas out there.

1876
01:27:38,640 --> 01:27:41,200
Speaker 9: But then you know, as well as I do anything

1877
01:27:41,200 --> 01:27:44,120
Speaker 9: to do with the mineral, natural resource estate, always a

1878
01:27:44,160 --> 01:27:48,439
Speaker 9: risk involved. You could argue, why don't we just import it?

1879
01:27:49,280 --> 01:27:52,880
Speaker 9: And that's something that the government's looking at. But forgot

1880
01:27:52,880 --> 01:27:58,400
Speaker 9: this indigenous resources and it is capable of being extracted,

1881
01:27:59,160 --> 01:28:00,040
Speaker 9: why shouldn't we.

1882
01:28:00,520 --> 01:28:02,519
Speaker 3: Yeah, Well, when they say there's more gas out there,

1883
01:28:02,520 --> 01:28:04,479
Speaker 3: do they mean that there's more gas in the existing

1884
01:28:04,560 --> 01:28:06,680
Speaker 3: gas fields that we just need to pump pump them

1885
01:28:06,720 --> 01:28:09,519
Speaker 3: harder or are they saying that we haven't even discovered

1886
01:28:09,520 --> 01:28:10,200
Speaker 3: other gas?

1887
01:28:10,640 --> 01:28:13,559
Speaker 9: Yeah? Yeah, I mean there were latter. Yeah, there's an

1888
01:28:13,600 --> 01:28:17,000
Speaker 9: Australian crowd that were five days away from signing up

1889
01:28:17,000 --> 01:28:21,360
Speaker 9: a massive deal for a virtually infinite gas field off

1890
01:28:21,400 --> 01:28:25,080
Speaker 9: the coast of Wamdu and sadly, once just Cinda made

1891
01:28:25,080 --> 01:28:28,960
Speaker 9: her decision six years ago, they walked away from the deal.

1892
01:28:29,160 --> 01:28:31,559
Speaker 9: So there's an inordinately large gas field of the South

1893
01:28:31,600 --> 01:28:36,600
Speaker 9: Island and there are additional gas resources in Tartanaky And

1894
01:28:36,640 --> 01:28:39,040
Speaker 9: this is what I am told by the geologists.

1895
01:28:39,320 --> 01:28:41,839
Speaker 3: Why didn't you stop that decision when you had the power.

1896
01:28:43,760 --> 01:28:47,840
Speaker 9: Yes, that would pass as the most egregious decision I

1897
01:28:47,880 --> 01:28:54,080
Speaker 9: was ever associated with, and sadly it is burned in

1898
01:28:54,240 --> 01:28:58,240
Speaker 9: my consciousness and the kabuki faces I made.

1899
01:28:58,120 --> 01:28:58,559
Speaker 1: At the time.

1900
01:28:59,200 --> 01:29:00,400
Speaker 3: And why didn't you it?

1901
01:29:01,640 --> 01:29:04,360
Speaker 9: Oh? Well, I think we got six or seven percent

1902
01:29:04,400 --> 01:29:07,960
Speaker 9: of the vote, and Jacinda at the time treated it

1903
01:29:08,000 --> 01:29:11,519
Speaker 9: as her nuclear moment. It's in the past, and I'm

1904
01:29:11,680 --> 01:29:13,880
Speaker 9: serving a type of penance by reversing it.

1905
01:29:14,000 --> 01:29:15,840
Speaker 3: But why don't you tell me why you didn't stop it?

1906
01:29:15,840 --> 01:29:18,559
Speaker 3: Because you're dodging. You're dodging that question, aren't.

1907
01:29:18,320 --> 01:29:20,640
Speaker 9: You, mate? When you got six or seven percent of

1908
01:29:20,680 --> 01:29:21,560
Speaker 9: the vote.

1909
01:29:21,520 --> 01:29:23,200
Speaker 8: Therein lies the level of your influence.

1910
01:29:23,240 --> 01:29:24,160
Speaker 3: She overruled you.

1911
01:29:25,720 --> 01:29:27,759
Speaker 9: Well, it's all in the past. Now she's in America

1912
01:29:28,160 --> 01:29:30,680
Speaker 9: getting on with the rest of her life. As we

1913
01:29:30,800 --> 01:29:35,919
Speaker 9: got closer to COVID, our party and labor through, Jacinda

1914
01:29:36,080 --> 01:29:40,879
Speaker 9: drifted apart and a massive chasm of ideological barrenness emerged

1915
01:29:40,880 --> 01:29:41,840
Speaker 9: between the two of us.

1916
01:29:42,560 --> 01:29:43,080
Speaker 21: Yeah, because you.

1917
01:29:43,000 --> 01:29:45,000
Speaker 3: Stopped heaps of other things. You were a handbrake on

1918
01:29:45,000 --> 01:29:46,720
Speaker 3: a whole bunch of stupid ideas. This was like one

1919
01:29:46,800 --> 01:29:49,400
Speaker 3: hundred percent the stupidest should have stopped this one.

1920
01:29:49,920 --> 01:29:52,000
Speaker 9: No, no, it was the worst energy decision in the

1921
01:29:52,040 --> 01:29:54,640
Speaker 9: history of New Zealand. Of course, I've told you before that,

1922
01:29:54,680 --> 01:29:57,800
Speaker 9: Megan would she closed down the Marson Point refinery. The

1923
01:29:57,800 --> 01:30:00,000
Speaker 9: worst energy minister ever since the tree?

1924
01:30:00,000 --> 01:30:00,719
Speaker 8: Do you Whitey?

1925
01:30:00,920 --> 01:30:03,840
Speaker 3: Yeah? I can anyway. I don't want to talk to

1926
01:30:03,840 --> 01:30:05,360
Speaker 3: you too much. I think you're already living in the

1927
01:30:05,439 --> 01:30:08,280
Speaker 3: ramifications of it. Shane always appreciate your time, best of Like,

1928
01:30:08,360 --> 01:30:11,639
Speaker 3: are there anything that Shane Jones, the Resources minister luxon.

1929
01:30:11,680 --> 01:30:14,240
Speaker 3: This is what he said about Antonio Watson, the A

1930
01:30:14,439 --> 01:30:16,760
Speaker 3: n z And CEO. He said, I love it that

1931
01:30:16,880 --> 01:30:19,479
Speaker 3: the CEO of a big bank from Australia wants to

1932
01:30:19,520 --> 01:30:22,760
Speaker 3: take more money off New Zealanders. You don't tax your

1933
01:30:22,800 --> 01:30:25,240
Speaker 3: way out of recession, you grow your way out of recession,

1934
01:30:25,280 --> 01:30:27,639
Speaker 3: to which I would say, just about the best thing

1935
01:30:27,640 --> 01:30:28,679
Speaker 3: that's ever come out of his mouth.

1936
01:30:28,680 --> 01:30:29,120
Speaker 4: Am I right?

1937
01:30:29,200 --> 01:30:32,479
Speaker 3: Like nailed it in one. That's right, she's already fleecing

1938
01:30:32,560 --> 01:30:34,799
Speaker 3: us now, actually that's legal. I can't say that legally?

1939
01:30:34,840 --> 01:30:37,760
Speaker 3: Can I withdraw and apologize immediately? She's already taking lots

1940
01:30:37,760 --> 01:30:40,160
Speaker 3: of money out of our pockets with the old mortgage

1941
01:30:40,160 --> 01:30:43,200
Speaker 3: traces and she and now she's like, oh hey, this

1942
01:30:43,360 --> 01:30:46,560
Speaker 3: is actually quite the lucrative government. Do you want to

1943
01:30:46,600 --> 01:30:48,519
Speaker 3: have a little go at it as well? That's basically

1944
01:30:48,520 --> 01:30:52,120
Speaker 3: what's going on here. As a former CEO says Chris Luxon,

1945
01:30:52,520 --> 01:30:56,120
Speaker 3: I understand what she's doing. The big Australian banks make

1946
01:30:56,160 --> 01:30:59,400
Speaker 3: a lot of money off the New Zealand public. What

1947
01:30:59,479 --> 01:31:02,080
Speaker 3: does she doing because I want to understand this now

1948
01:31:02,160 --> 01:31:03,920
Speaker 3: is but what is she doing? Is this about PR?

1949
01:31:04,000 --> 01:31:06,080
Speaker 3: I feel like this is about PR. I feel like

1950
01:31:06,680 --> 01:31:10,880
Speaker 3: I feel like he's suggesting that Antonia. I feel like

1951
01:31:10,960 --> 01:31:13,360
Speaker 3: he's suggesting that what Antonia is doing is thinking, I

1952
01:31:13,439 --> 01:31:15,760
Speaker 3: know how to make the Kiwis love me some more.

1953
01:31:16,240 --> 01:31:18,080
Speaker 3: Is say this is good for you, you should do

1954
01:31:18,120 --> 01:31:21,000
Speaker 3: this thing. No, it's not making me love anybody more.

1955
01:31:21,000 --> 01:31:24,160
Speaker 3: I hate it. Sixteen away from seven, whether.

1956
01:31:23,960 --> 01:31:27,720
Speaker 2: It's macro micro or just playing economics, it's all on

1957
01:31:27,840 --> 01:31:31,320
Speaker 2: the Business Hour with Hither Duplicy Allen and my HR

1958
01:31:31,720 --> 01:31:35,559
Speaker 2: the HR solution for busy SMEs, Newstalksbhither I.

1959
01:31:35,479 --> 01:31:37,800
Speaker 3: Will be closing my ASB accounts in the morning. Well

1960
01:31:38,840 --> 01:31:40,559
Speaker 3: that would be a mistake, because this was the CEO

1961
01:31:40,600 --> 01:31:43,240
Speaker 3: of a n Z. Thirteen away from seven, Gavin Gray,

1962
01:31:43,400 --> 01:31:46,880
Speaker 3: UK correspondent with us. Now, Hey, Gavin, I there have

1963
01:31:46,960 --> 01:31:48,320
Speaker 3: I'm just gonna make you listen to this again.

1964
01:31:49,080 --> 01:31:52,839
Speaker 18: I call again from immediate ceaisfire and Gaza, the return

1965
01:31:53,000 --> 01:31:55,920
Speaker 18: of the sassages a hostital.

1966
01:31:56,120 --> 01:32:00,560
Speaker 3: Gavin, how do you how how how does hostages become sausages?

1967
01:32:01,720 --> 01:32:02,640
Speaker 1: I don't know.

1968
01:32:02,960 --> 01:32:06,240
Speaker 28: And what's more, he was quick to spot it. I

1969
01:32:06,280 --> 01:32:08,679
Speaker 28: can only think that he was thinking of dinner. Maybe

1970
01:32:09,240 --> 01:32:12,720
Speaker 28: that definitely a slip of the tongue in what was

1971
01:32:12,760 --> 01:32:15,200
Speaker 28: supposed to be one of the crucial parts of his speech.

1972
01:32:15,240 --> 01:32:19,360
Speaker 28: It's been something Labour's really been criticized for their stance

1973
01:32:19,439 --> 01:32:22,439
Speaker 28: on Gaza in Israel by some within the party. So

1974
01:32:22,680 --> 01:32:25,960
Speaker 28: perhaps he was anticipating a potential heckler or something. But

1975
01:32:26,000 --> 01:32:29,200
Speaker 28: either way, yeah, a little bit of a Freudian slip there.

1976
01:32:29,240 --> 01:32:29,719
Speaker 11: I think.

1977
01:32:31,240 --> 01:32:33,559
Speaker 3: It's going to define him. It's going to define him.

1978
01:32:33,560 --> 01:32:36,560
Speaker 3: It's going to define his Prime ministership for years, unfortunately,

1979
01:32:36,640 --> 01:32:39,799
Speaker 3: I think Kevin. Other than that, I mean, look, serious

1980
01:32:39,800 --> 01:32:43,640
Speaker 3: message in it, but geez, he's boring, isn't he.

1981
01:32:43,640 --> 01:32:45,760
Speaker 28: He's not one of the most I mean when you

1982
01:32:45,800 --> 01:32:48,640
Speaker 28: compare it with someone like Boris Johnson, he certainly is.

1983
01:32:49,240 --> 01:32:51,680
Speaker 28: You know, Boris Johnson used to call him a snooze

1984
01:32:52,080 --> 01:32:56,080
Speaker 28: fest was his name for him. But look, you know

1985
01:32:56,160 --> 01:32:58,680
Speaker 28: he's always said, yeah, I'm not the most interesting guy.

1986
01:32:58,720 --> 01:33:00,679
Speaker 28: I'm not the most out of lively guy. But who

1987
01:33:00,680 --> 01:33:02,520
Speaker 28: do you want in charge? Do you want a politician

1988
01:33:02,760 --> 01:33:04,920
Speaker 28: who's lively but might not be very good, or do

1989
01:33:04,920 --> 01:33:06,560
Speaker 28: you want somebody who's going to be good and his

1990
01:33:06,680 --> 01:33:08,000
Speaker 28: earnest and caring, etc.

1991
01:33:08,280 --> 01:33:08,439
Speaker 4: Etc.

1992
01:33:08,960 --> 01:33:11,840
Speaker 28: And that's kind of his message. But in today's media,

1993
01:33:11,840 --> 01:33:14,479
Speaker 28: with social media and the media in the news playing

1994
01:33:14,560 --> 01:33:19,120
Speaker 28: such a part in both election and success, he's got

1995
01:33:19,200 --> 01:33:22,960
Speaker 28: some hurdles to climb. And incidentally, his popularity rating in

1996
01:33:23,040 --> 01:33:26,400
Speaker 28: the first ninety days or so of his premiership has

1997
01:33:26,560 --> 01:33:28,040
Speaker 28: really taken a significant hit.

1998
01:33:28,400 --> 01:33:31,120
Speaker 3: Has he done enough to satisfy both sides of the

1999
01:33:31,120 --> 01:33:32,800
Speaker 3: debate on the Gaza situation here?

2000
01:33:34,680 --> 01:33:36,799
Speaker 28: No, I don't think, But because I don't think anyone

2001
01:33:36,840 --> 01:33:41,719
Speaker 28: actually could, Labor, particularly, I think many in Labor leaning

2002
01:33:41,760 --> 01:33:45,800
Speaker 28: towards supporting Gaza much more. They think this government should

2003
01:33:45,800 --> 01:33:49,920
Speaker 28: be much tougher against Israel, and they're wanting to see action,

2004
01:33:50,160 --> 01:33:53,799
Speaker 28: Whereas the only action we're now hearing is that Overnight

2005
01:33:54,080 --> 01:33:56,640
Speaker 28: has been saying that he wants some all Britons to

2006
01:33:56,680 --> 01:34:00,200
Speaker 28: get out of Lebanon. It's a clear indication that to

2007
01:34:00,200 --> 01:34:01,960
Speaker 28: the government here thinks this is going to get a

2008
01:34:02,000 --> 01:34:05,559
Speaker 28: lot worse before it gets better, with sending seven hundred

2009
01:34:05,640 --> 01:34:09,000
Speaker 28: troops to nearby Cyprus for the possible evacuation of British

2010
01:34:09,080 --> 01:34:12,120
Speaker 28: nationals from Lebanon. I think they're also very aware, of course,

2011
01:34:12,439 --> 01:34:14,639
Speaker 28: about what a mess it was trying to get people

2012
01:34:14,640 --> 01:34:17,559
Speaker 28: out of Afghanistan and car ball and that is seared

2013
01:34:17,640 --> 01:34:19,559
Speaker 28: in the memory of so many of so saw those

2014
01:34:19,600 --> 01:34:23,360
Speaker 28: awful pictures of people trying to jump on the aircraft

2015
01:34:23,400 --> 01:34:25,320
Speaker 28: as it was taking off, and I think they're just

2016
01:34:25,360 --> 01:34:26,920
Speaker 28: desperate to avoid something like that.

2017
01:34:27,360 --> 01:34:29,599
Speaker 3: Keevin, So you have got the case of a police

2018
01:34:29,640 --> 01:34:31,680
Speaker 3: officer who pulled a siki and then actually gets a

2019
01:34:31,720 --> 01:34:34,200
Speaker 3: recent which feels like I'm a wild overreaction.

2020
01:34:35,800 --> 01:34:38,880
Speaker 28: Well, I think potentially, but I guess you just you know,

2021
01:34:39,080 --> 01:34:42,960
Speaker 28: can't have these things happen. This is an officer from

2022
01:34:42,960 --> 01:34:47,320
Speaker 28: the force in Leicestershire in the Midlands. He reported sick

2023
01:34:47,360 --> 01:34:50,120
Speaker 28: while on a rest day. It was two days before

2024
01:34:50,160 --> 01:34:54,000
Speaker 28: his next shift, but then having reported sick, he virtually

2025
01:34:54,040 --> 01:34:56,519
Speaker 28: flew out to Istanbul within a matter of a couple

2026
01:34:56,560 --> 01:35:00,400
Speaker 28: of hours. The Independent Office for Police Conduct says visions

2027
01:35:00,439 --> 01:35:03,720
Speaker 28: have been raised when he reported sick and police were

2028
01:35:03,720 --> 01:35:06,160
Speaker 28: waiting for him when he landed back at Stanstad Airport

2029
01:35:06,200 --> 01:35:10,519
Speaker 28: and arrested him. A disciplinary hearing has ruled that the

2030
01:35:10,920 --> 01:35:14,600
Speaker 28: officer raj and Khan would have been dismissed had he

2031
01:35:14,720 --> 01:35:18,519
Speaker 28: still serving, because we now understand he resigned from the force,

2032
01:35:18,560 --> 01:35:21,479
Speaker 28: so it has customed his job. It is something that

2033
01:35:21,520 --> 01:35:24,160
Speaker 28: I know the police are very very keen to stanp

2034
01:35:24,160 --> 01:35:27,840
Speaker 28: out on any kind of dishonesty or wrongdoing in order

2035
01:35:27,920 --> 01:35:29,680
Speaker 28: to show that they are fit for the role. But

2036
01:35:30,080 --> 01:35:33,920
Speaker 28: I don't know and overreaction some would argue that, but

2037
01:35:34,000 --> 01:35:36,080
Speaker 28: I think his time with the force would have been

2038
01:35:36,120 --> 01:35:38,040
Speaker 28: pretty limited had he not resigned anyway.

2039
01:35:38,160 --> 01:35:40,920
Speaker 3: Yeah, interesting, Heykevin as always really appreciated. Well, talk to

2040
01:35:40,920 --> 01:35:42,240
Speaker 3: you in a couple of days. That's Devin Gray, are

2041
01:35:42,360 --> 01:35:46,040
Speaker 3: UK correspondent. Looks like Philip Schofield is going to make

2042
01:35:46,120 --> 01:35:49,280
Speaker 3: us TV come back, basically by being on reality TV,

2043
01:35:49,360 --> 01:35:51,720
Speaker 3: so you'll remember him. Obviously. He was the one who

2044
01:35:51,800 --> 01:35:56,040
Speaker 3: was fired about sixteen months ago from ITV because he'd

2045
01:35:56,080 --> 01:35:58,800
Speaker 3: been having enough. He was married to a woman and

2046
01:35:58,840 --> 01:36:01,040
Speaker 3: then he was having an affair with the youngest staffer

2047
01:36:01,560 --> 01:36:04,120
Speaker 3: who wasn't a woman, and so the whole thing became

2048
01:36:04,360 --> 01:36:06,759
Speaker 3: very silacious I mean that's obviously his own private business

2049
01:36:06,800 --> 01:36:09,640
Speaker 3: and nobody cares and it must be awful to have

2050
01:36:09,640 --> 01:36:12,519
Speaker 3: to go through. But because of that, it was so

2051
01:36:12,760 --> 01:36:15,960
Speaker 3: much more interesting to everybody, and as a result, he

2052
01:36:16,080 --> 01:36:18,720
Speaker 3: ended up losing his job. So now what's happened is

2053
01:36:18,760 --> 01:36:20,920
Speaker 3: he's been sort of you know, he's been hiding away

2054
01:36:20,960 --> 01:36:23,120
Speaker 3: for sixteen months, looking his wounds and stuff. Now he's

2055
01:36:23,120 --> 01:36:26,559
Speaker 3: on a Channel five special called Castaway and the show

2056
01:36:26,640 --> 01:36:28,519
Speaker 3: the premise of the show is they basically send him

2057
01:36:28,520 --> 01:36:30,960
Speaker 3: to an island by himself for ten days and he

2058
01:36:31,040 --> 01:36:35,040
Speaker 3: films himself. There is no production crew whatsoever, nobody to

2059
01:36:35,080 --> 01:36:37,880
Speaker 3: talk to, nobody to keep him sane. He has to

2060
01:36:37,880 --> 01:36:42,679
Speaker 3: do this all by himself, total isolation, the forces of nature,

2061
01:36:42,720 --> 01:36:45,439
Speaker 3: and the battle within his own mind, says the presees

2062
01:36:45,479 --> 01:36:49,360
Speaker 3: of the show. Anyway brings me to observation on this,

2063
01:36:49,479 --> 01:36:52,200
Speaker 3: which is this I think is the modern day way

2064
01:36:52,280 --> 01:36:54,880
Speaker 3: for celebrities to make a comeback, isn't it. So if

2065
01:36:54,920 --> 01:36:57,960
Speaker 3: you kind of, yeah, had a fall from grace or

2066
01:36:58,120 --> 01:37:00,200
Speaker 3: for whatever reason, you're just not as popular as you

2067
01:37:00,200 --> 01:37:02,120
Speaker 3: wants were, what you do is you do a celebrity

2068
01:37:02,160 --> 01:37:04,880
Speaker 3: TV show. Don't use a little reality TV show. What

2069
01:37:04,960 --> 01:37:07,240
Speaker 3: it does is it tests whether you're still popular, shows

2070
01:37:07,240 --> 01:37:09,240
Speaker 3: you can be a bit of fun, reminds people that

2071
01:37:09,280 --> 01:37:10,760
Speaker 3: you exist, and then you hope you get a job

2072
01:37:10,800 --> 01:37:12,759
Speaker 3: from it. So we'll see what happens to Phillip Schofield

2073
01:37:12,880 --> 01:37:13,800
Speaker 3: eight away from seven.

2074
01:37:14,680 --> 01:37:18,000
Speaker 1: Whether it's macrove, micro or just plain economics.

2075
01:37:18,080 --> 01:37:21,080
Speaker 2: It's all on The Business Hour with Heather Duplicy Allen

2076
01:37:21,200 --> 01:37:25,680
Speaker 2: and my Hr, the HR platform for SME US talksp.

2077
01:37:27,000 --> 01:37:30,680
Speaker 3: It's five away from seven. Very good news. Actually, before

2078
01:37:30,680 --> 01:37:32,519
Speaker 3: we end the program, a couple of Kiwi restaurants have

2079
01:37:32,560 --> 01:37:35,559
Speaker 3: made Trip Advisors list of the best restaurants for twenty

2080
01:37:35,600 --> 01:37:37,960
Speaker 3: twenty four. They've got a whole bunch of different categories.

2081
01:37:38,000 --> 01:37:40,400
Speaker 3: It's not just one list. They've got all these categories,

2082
01:37:40,479 --> 01:37:42,639
Speaker 3: eight of them, like date night, fine dining, casual dining,

2083
01:37:42,680 --> 01:37:47,040
Speaker 3: blah blah blah blah whatever. In fine dining, the Grove

2084
01:37:47,160 --> 01:37:50,040
Speaker 3: Restaurant in Auckland has been named the ninth best for

2085
01:37:50,120 --> 01:37:54,440
Speaker 3: its superb degas station menu, amazing food presentation, delicious mocktails

2086
01:37:54,479 --> 01:37:57,880
Speaker 3: and excellent wine pairings. Not a surprise because the Grove

2087
01:37:58,040 --> 01:38:01,920
Speaker 3: is regularly regularly coming in and doing and coming in

2088
01:38:02,320 --> 01:38:04,320
Speaker 3: or on these lists and doing really well. And then

2089
01:38:04,360 --> 01:38:07,120
Speaker 3: one I've never heard of before. Actually, Nest Kitchen and

2090
01:38:07,160 --> 01:38:10,120
Speaker 3: Bar in Queenstown was voted in the best Date Night

2091
01:38:10,160 --> 01:38:13,160
Speaker 3: Restaurant category. It was voted fourteenth and apparently because the

2092
01:38:13,200 --> 01:38:16,280
Speaker 3: restaurant is breathtaking in the place to be for a

2093
01:38:16,360 --> 01:38:19,639
Speaker 3: refined dining experience. And they've also rated the top ten

2094
01:38:19,680 --> 01:38:22,439
Speaker 3: restaurants in fine dining and casual dining in New Zealand.

2095
01:38:22,479 --> 01:38:24,719
Speaker 3: The top ten restaurants in fine dining are The Grove

2096
01:38:24,760 --> 01:38:28,639
Speaker 3: in Auckland, Sales in Auckland, Guvoy Steakhouse in Queenstown, Logan

2097
01:38:28,680 --> 01:38:31,479
Speaker 3: Brown and Wellington, Craggy Range and have Lock North are

2098
01:38:31,600 --> 01:38:35,200
Speaker 3: Rata in Queenstown, Ahi in Auckland, Sedart in Auckland, Paris

2099
01:38:35,240 --> 01:38:38,599
Speaker 3: Butter in Auckland and Mudbrick Vineyard and Restaurant in Wahiki Island,

2100
01:38:38,600 --> 01:38:40,040
Speaker 3: which says to me that if you don't live in

2101
01:38:40,080 --> 01:38:44,680
Speaker 3: Auckland or Queenstown, you kind of saw and have Lock

2102
01:38:44,760 --> 01:38:47,960
Speaker 3: North and still little appearance from have Lock North and

2103
01:38:48,000 --> 01:38:50,240
Speaker 3: Wellington in there. But other than that, you've got to

2104
01:38:50,280 --> 01:38:53,360
Speaker 3: come to these places to eat the delicious, delicious food.

2105
01:38:53,479 --> 01:38:54,479
Speaker 3: Am I right? Andy?

2106
01:38:54,560 --> 01:38:58,760
Speaker 29: Yeah, just a lovely little place called Craggy Range. Very nice.

2107
01:38:58,760 --> 01:39:02,400
Speaker 29: I've actually been there. Yeah, yeah, it was quite nice.

2108
01:39:02,400 --> 01:39:04,080
Speaker 29: I'm not a huge wine guy, but I could appreciate

2109
01:39:04,080 --> 01:39:04,760
Speaker 29: it for what it was.

2110
01:39:05,320 --> 01:39:08,320
Speaker 3: Or thirteen dollars for two pizzas from Pizza Hut.

2111
01:39:09,600 --> 01:39:16,240
Speaker 29: That's right, Hawaiian and Pepperoni, Tony Pepperoni. Oh this is

2112
01:39:16,240 --> 01:39:18,200
Speaker 29: for the sorry enough of the pizza. Yeah, So the

2113
01:39:18,280 --> 01:39:21,679
Speaker 29: Weekend who ended up canceling his concert for scheduling issues

2114
01:39:21,880 --> 01:39:24,559
Speaker 29: here in New Zealand and then rescheduled with the Australian

2115
01:39:24,640 --> 01:39:27,160
Speaker 29: dates and left us off. Well, he's hit a billion

2116
01:39:27,960 --> 01:39:30,439
Speaker 29: streams on Spotify. He's actually had the most songs to

2117
01:39:30,479 --> 01:39:33,000
Speaker 29: hit a billion streams, So he's got eighteen of them

2118
01:39:33,080 --> 01:39:35,240
Speaker 29: that have hit a billion, which was quite a few.

2119
01:39:35,280 --> 01:39:38,920
Speaker 29: He was tying with Drake on seventeen. Obviously he's tipped

2120
01:39:38,920 --> 01:39:42,240
Speaker 29: over that. And this song here, Blinding Lights is actually

2121
01:39:43,560 --> 01:39:46,240
Speaker 29: the most stream song on Spotify, which I find staggering.

2122
01:39:46,320 --> 01:39:48,720
Speaker 29: Actually four point five billion streams. I didn't think of

2123
01:39:48,880 --> 01:39:49,280
Speaker 29: a week.

2124
01:39:49,200 --> 01:39:53,200
Speaker 3: End forever forever. Yeah, Timber twenty twenty four.

2125
01:39:53,479 --> 01:39:55,439
Speaker 29: It's according to Billboard dot Com. I would have thought

2126
01:39:55,439 --> 01:39:57,080
Speaker 29: it'd be like a dowl or something like that, you know,

2127
01:39:57,120 --> 01:39:58,560
Speaker 29: it goes generational.

2128
01:39:58,600 --> 01:40:02,479
Speaker 3: But do you feel like the weekend canceled us because

2129
01:40:02,520 --> 01:40:05,200
Speaker 3: he just couldn't be naft I probably took at sales. Yeah,

2130
01:40:05,280 --> 01:40:09,760
Speaker 3: he was whatever, New Zealand. Yeah, because that's I was

2131
01:40:09,760 --> 01:40:11,240
Speaker 3: grumpy about it at the time. I was like, I

2132
01:40:11,240 --> 01:40:13,280
Speaker 3: feel ripped off by these people who schedule things and

2133
01:40:13,280 --> 01:40:16,280
Speaker 3: then cancel things. So yeah, suspicions good.

2134
01:40:16,320 --> 01:40:17,720
Speaker 29: It's the excuses that wind you up.

2135
01:40:17,760 --> 01:40:20,280
Speaker 3: Oh, it's the excuses. It's the excuses. Isn't it. Have

2136
01:40:20,280 --> 01:40:23,000
Speaker 3: a great night. Yeah bye such.

2137
01:40:27,040 --> 01:40:30,240
Speaker 2: For more from Hither Duplessy Allen Drive, listen live to

2138
01:40:30,320 --> 01:40:33,360
Speaker 2: news talks it'd be from four pm weekdays, or follow

2139
01:40:33,400 --> 01:40:35,160
Speaker 2: the podcast on iHeartRadio.