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Speaker 1: Last year was the first time in twenty years there

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Speaker 1: were fewer cafes in this country than the year before.

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Speaker 1: Now that isn't a reality check on the state of

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Speaker 1: our economy. Nothing is so. Yes, we're starting to see

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Speaker 1: some light I think some confidence here and interest rate

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Speaker 1: cut there. But the tail end, I hope it's the

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Speaker 1: tail end of what is likely three recessions and two

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Speaker 1: years has taken a catastrophic chunk out of the economy.

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Speaker 1: I read a piece on an international site over the

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Speaker 1: weekend about the quote unquote economic refugees who are fleeing

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Speaker 1: New Zealand and record numbers. The most impressing stories about

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Speaker 1: this country are the ones written by offshore operators. We

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Speaker 1: only make the news around the world for exceptional stuff,

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Speaker 1: exceptionally good or in this case, exceptionally bad. Let's do

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Speaker 1: a piece on a basket case. Who's the basket case

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Speaker 1: we can find? Oh, oh, good, Old New Zealand. Pandoro

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Speaker 1: announced on Friday that they're closing in Wellington. Now they

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Speaker 1: aren't the first, obviously, there's been a growing business lately

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Speaker 1: on stories about closing hospow businesses in the capitol. The

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Speaker 1: owner I thought was interesting though it seems for him

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Speaker 1: to be a mix of COVID as people went home

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Speaker 1: and not everyone came back. Also of cycleways and bus

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Speaker 1: lanes killing the traffic, and road cones and construction who

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Speaker 1: are actually closing roads and therefore access, so obviously the

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Speaker 1: economies in there as well. So the question then becomes

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Speaker 1: just how badly do you want to hobble your city's

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Speaker 1: prospects for goodness sake? In Wellington they are laying them

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Speaker 1: off left, right and center as well. So a lot

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Speaker 1: of people going home, forced home, a lot of people

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Speaker 1: losing their job, a lot of places you can't get to,

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Speaker 1: an economy going backwards. I mean, good luck selling Chibata

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Speaker 1: for goodness sake. On the hospital scene, a lot of

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Speaker 1: people come and go, always have. Really, it's like construction.

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Speaker 1: But when the names are a bit well known, it

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Speaker 1: always strikes me. It sort of catches you a little bit,

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Speaker 1: doesn't it. Remember Smith and Coey or in Wellington's case,

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Speaker 1: it was Cacaudy's Pandora. I mean names that have been around,

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Speaker 1: survived a lot, seen hard times, and yet this time

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Speaker 1: they can't do it. What's that tell you about how

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Speaker 1: badly this place has been wrecked? So badly. In fact,

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Speaker 1: we make international headlines out of it. For more from

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Speaker 1: the mic Asking Breakfast, listen live to news talks it'd

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Speaker 1: be from six am weekdays, or follow the podcast on

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Speaker 1: iHeartRadio