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

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Speaker 1: Duplessy allan drive with one New Zealand. Let's get connected

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Speaker 1: news dolf zd B.

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Speaker 2: Hey, good afternoon, coming up today. Brad Olson on the

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Speaker 2: OCR with us after five o'clock, the Union on the

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Speaker 2: fifteen hundred jobs being cut from Health New Zealand, and

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Speaker 2: our very own Ryan Bridge on his gigantic winge about

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Speaker 2: paying forty cents for a paper bag at the supermarket.

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Speaker 3: Heather Duplessy, Allen, Okay, I've got good.

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Speaker 2: News for anyone with a mortgage. You'll have seen it

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Speaker 2: by now, and frankly, anyone are wanting to see the

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Speaker 2: economy pack up again. The Reserve Bank has dropped the

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Speaker 2: official cash rate again by fifty basis points, which is

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Speaker 2: pretty much what we were expecting, and there is a

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Speaker 2: promise of more to come now once again. The most

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Speaker 2: obvious takeaway from a double cut like this one, off

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Speaker 2: the back of all of the fast cutting that's already

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Speaker 2: taken place in the last few weeks, is that our

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Speaker 2: economy is kind of stuffed right. That's the reason why

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Speaker 2: we've dropped nearly a quarter off the total OCR and

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Speaker 2: just a matter of weeks. And that is why, as

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Speaker 2: I say, we've been promised more. We've been promised another

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Speaker 2: cut in February, and we're going to get to a

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Speaker 2: lower point faster than that original originally thought. This is

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Speaker 2: if the Reserve Bank's projections are right, and if they

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Speaker 2: are right, then we're in line for another three cuts

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Speaker 2: next year. So it'll be twenty five, twenty five and

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Speaker 2: twenty five probably. But I tell you what, once again,

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Speaker 2: there are questions about whether the Reserve Bank is making

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Speaker 2: a mistake by holding it as high as it is

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Speaker 2: not cutting more. They themselves have admitted today that where

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Speaker 2: the official cash rate sits right now, which is four

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Speaker 2: point twenty five percent, that is restrictive, as in that

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Speaker 2: is still strangling the economy to some extent. Now, keyw

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Speaker 2: we Bank reckons you got to drop it by another

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Speaker 2: seventy five basis points right what we had today, and

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Speaker 2: then another twenty five. You've got to drop it by

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Speaker 2: that much just to get it to neutral. Now, why

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Speaker 2: are we still strangling the economy? Why is that happening?

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Speaker 4: Is it not weird for.

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Speaker 2: Us to be sent off to summer with three months

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Speaker 2: before they meet again to have another look at the

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Speaker 2: ocr knowing that they've still got their foot on the

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Speaker 2: economy's throat. When you're the state of the thing. We're

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Speaker 2: in recession. We know this now, right per capita GDP,

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Speaker 2: which means your personal GDP that has gone back backwards.

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Speaker 2: That's the wrong direction. It's gone backwards four point six

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Speaker 2: percent in the last two years or so. That is

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Speaker 2: worse than what we went through in the global financial crisis.

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Speaker 2: Why are we still in restrictive mode? As Kiwibank points out,

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Speaker 2: hardship withdrawals from Kiwi Saver have spiked from ten million

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Speaker 2: dollars in January last year to thirty eight million dollars

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Speaker 2: in October this year. Now, those withdrawals are not easy

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Speaker 2: to make. You don't just rock up to your kiw

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Speaker 2: Saver provider and go you have some cash. Thanks. You've

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Speaker 2: got to be in big financial stock and you've got

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Speaker 2: to be able to prove it and only then do

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Speaker 2: they give you the money. Now Treasury has warned, I

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Speaker 2: think it was last week that the economy is that

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Speaker 2: much more stuff than they even thought, that they're now

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Speaker 2: going to downgrade their forecasts in the next few weeks.

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Speaker 2: And it looks like surplus in twenty seven is not

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Speaker 2: going to happen. So as always, very very grateful, very

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Speaker 2: happy to see the ocr come down, happy for the

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Speaker 2: just wondering though if yet again the Reserve Bank is

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Speaker 2: making a mistake and keeping this economy under the crusher

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Speaker 2: when they actually don't have to.

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Speaker 3: Heather duplus l gif.

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Speaker 2: Brad Olson's take on that after five and you can

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Speaker 2: let me know what you think. Nine two nine two

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Speaker 2: is the text number and standard text fees apply now

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Speaker 2: onto basically the same subject, how much things are costing

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Speaker 2: you public transport. It looks like bus and train fares

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Speaker 2: are gonna have to go up quite a lot around

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Speaker 2: the country and in particular Wellington. Wellington appears to be

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Speaker 2: the only place that's done the numbers.

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Speaker 5: Now.

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Speaker 2: What's caused this to happen is that the NZTA, the

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Speaker 2: Transport Agency, has written a letter to all of the

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Speaker 2: public transport authorities around the country setting new targets for

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Speaker 2: how much of the cost of public transport they will

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Speaker 2: have to stump up for as opposed to the government

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Speaker 2: spending now. Thomas Nash is the chair of the Greater

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Speaker 2: Wellington Regional Council Transport Committee's with us now Hey Thomas Hey, Heather, Okay,

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Speaker 2: so have they written to you and said you guys

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Speaker 2: have to fund a greater proportion or users have to

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Speaker 2: fund a greater proportion.

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Speaker 6: They've said they want the private share to be greater.

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Speaker 6: So that's the amount of money that pays for public

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Speaker 6: transport that isn't council rates or MZTA contributions. So that

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Speaker 6: is mostly fares, but it could also include advertising, which

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Speaker 6: we get some money for, and you know, any other

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Speaker 6: commercial deals you can do as a public transport authority

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Speaker 6: if you're renting out your premises.

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Speaker 2: Fantastic, So you guys could actually make rather than making

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Speaker 2: putting this on the user of the bus or the train,

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Speaker 2: it actually can come from some other private sources. You

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Speaker 2: just need to figure out out.

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Speaker 7: Yeah you can.

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Speaker 6: And I mean, if there's a magic way of doing

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Speaker 6: that that we're not already doing, we're very keen to

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Speaker 6: hear about it. We have wrapped entire train and delivery

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Speaker 6: easy for Gailia recently.

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Speaker 7: We have doubled the amount.

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Speaker 6: Of money that we've got from advertising the last couple

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Speaker 6: of years, but it's still only about two percent of

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Speaker 6: the overall revenue we get from fears. So this is

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Speaker 6: not going to be a real solution. The implication of

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Speaker 6: the government's plan will absolutely be hitting people in the

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Speaker 6: back pocket, and during a cost of living crisis, I

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Speaker 6: think you would agree that's the last thing we.

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Speaker 2: Need starting win.

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Speaker 6: Well, they've said that from next financial year, so that'd

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Speaker 6: be from the first of July next year. They want

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Speaker 6: our private share this new concept to increase in a

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Speaker 6: way that would equate to a seventy one percent increase

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Speaker 6: in fears.

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Speaker 7: Now we're not going to do that.

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Speaker 6: We're going to push back and we're going to say

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Speaker 6: this doesn't make sense because what you'll do if you

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Speaker 6: if you did that, you would end up just pushing

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Speaker 6: people back into cars, more people be on the road

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Speaker 6: and it would be more congested, which I think is

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Speaker 6: the opposite of what they.

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Speaker 2: Cost somebody in Wellington at the moment to catch let's

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Speaker 2: say a bus.

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Speaker 6: Let's say yeah, yeah, So like if you it might

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Speaker 6: cost you ten dollars a day with a return trip

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Speaker 6: if you were going few zones, so the average trip,

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Speaker 6: so that'd go to seventeen dollars a day.

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Speaker 7: If we were going to meet this target through.

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Speaker 2: Fear ten dollars a day, return, ten.

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Speaker 6: Dollars a day return would go seventeen dollars a day

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Speaker 6: return if we were going to meet their new target

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Speaker 6: just through fear and criticals, which.

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Speaker 7: We won't do.

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Speaker 2: Like I know, cost of living and I know I

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Speaker 2: know that you know, ten dollars a day is a

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Speaker 2: lot of money when it all adds up. But that's

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Speaker 2: actually not that bad. I mean, what's seventeen dollars times

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Speaker 2: five that's eighty five bucks, is that right? Eighty five

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Speaker 2: bucks a week for transport. You're never going to be

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Speaker 2: able to get in and out of the city with

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Speaker 2: a car, considering car parking and stuff like that, for

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Speaker 2: eighty five bucks a week, are you?

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Speaker 7: So what are we saying? We want? We want to

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Speaker 7: encourage more people to drive and.

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Speaker 2: Few No, you know what I'm saying to you is

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Speaker 2: that's a false argument, because you because even if you

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Speaker 2: even if you paid seventeen dollars a day, it's still

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Speaker 2: cheaper than taking your car, and it.

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Speaker 7: Should be because we have about three point.

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Speaker 2: Five you know, totally. But so you're not going to

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Speaker 2: get in your car, So why amount that argument?

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Speaker 6: Well, no, but we are because we've seen it before.

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Speaker 6: As you as you increase fares, you reduce the number

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Speaker 6: of people on your network.

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Speaker 7: That's just a it's just a kind of rule of thumb.

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Speaker 6: And if you get to a point where you go

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Speaker 6: beyond what people are going to be affording, what people

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Speaker 6: can afford visa v A car, then they're going to

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Speaker 6: jump in their car.

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Speaker 2: Do you think at some point it's still slightly more

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Speaker 2: expensive to take your car, but the convenience is worth it,

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Speaker 2: and so you pay the extra bit.

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Speaker 7: Well, yeah, and this is.

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Speaker 6: Why we have three point five million trips every month

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Speaker 6: on the public transport network. Now, think about for a

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Speaker 6: second if those people, even if half of those people

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Speaker 6: decided to drive instead of get the train or the

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Speaker 6: bus because of this proposal from the government to increase feares,

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Speaker 6: then your roads at peak time would be impossible to navigate,

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Speaker 6: and then people will be complaining. So you have to

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Speaker 6: think about the value, not just the cost, but the

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Speaker 6: value of public transport. And this is what the government's

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Speaker 6: getting wrong with this paper. They're not recognizing the value

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Speaker 6: of public transport to the economy, to the safe and

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Speaker 6: easy passage of.

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Speaker 7: Goods through the city.

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Speaker 6: I mean that stuff is going to suffer if you

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Speaker 6: push up fears so much that people get to.

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Speaker 2: What proportion if people are paying ten bucks at the moment,

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Speaker 2: what proportion of the total fear is that, like how

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Speaker 2: much is it being subsidized?

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Speaker 6: So that is we have what we call faarbox recovery

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Speaker 6: of around thirty percent.

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Speaker 7: So the amount of and that is very good internationally.

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Speaker 2: It's maybe like a thirty five dollar trip in they're

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Speaker 2: paying ten bucks.

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Speaker 6: Yeah, so that's what we and you should do that

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Speaker 6: calculation for roads, especially local roads, and you will find

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Speaker 6: that the amount that actual drivers are paying, especially on

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Speaker 6: a local road, is way below what that costs.

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Speaker 2: Yeah, all right, Hey, Thomas, thanks for talking us. So

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Speaker 2: I appreciate it's Thomas Nash, heir of the Greater Wellington

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Speaker 2: Regional Council's Transport Committee, getting text on that already, so

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Speaker 2: I'll come back to it. Listen. LinkedIn a LinkedIn has

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Speaker 2: got a novel argument for why it shouldn't be included

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Speaker 2: in the Australian social media ban on kids. You will

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Speaker 2: be aware of this is whether these guys in Australia

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Speaker 2: and are crackdown on social media and they're going to

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Speaker 2: say nobody under sixteen is allowed to be using it.

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Speaker 2: And LinkedIn has made its submission and reckons it doesn't

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Speaker 2: apply to LinkedIn because LinkedIn's too boring for kids. LinkedIn

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Speaker 2: reckons that kids don't want to use it because they

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Speaker 2: don't find it interesting or appealing, and so they shouldn't

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Speaker 2: be included in the ban. And that is fair enough, actually,

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Speaker 2: because LinkedIn is boring. I mean, I'm in my forties

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Speaker 2: and I find it boring, So I can't imagine how

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Speaker 2: dull it is for a sixteen year old. In which case, though,

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Speaker 2: doesn't it bring you around to this, what's the problem

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Speaker 2: with being included in the band? Then if the kids

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Speaker 2: don't use it or want to use it, if nobody

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Speaker 2: under sixteen is even attracted to it, then it's okay

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Speaker 2: if we ban them from it. Right, sixteen past four,

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Speaker 2: Who will take the.

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Speaker 1: White House results and analysis of the US election on?

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Speaker 1: Heather Dupless Alan Drive with one New Zealand, Let's get connected,

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Speaker 2: Darcy water Grave SportsTalk coasters are that's hello, Darcy, Greetings Heather. Okay,

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Speaker 2: so we are going to be playing against France and

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Speaker 2: the USA. It's our home test.

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Speaker 8: It is said News talks'b understand.

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Speaker 2: And when I say we are, do mean the All Blacks? Yeah,

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Speaker 2: we'll talk about rugby.

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Speaker 8: Yes, yes, the All Blacks has been said. That's come

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Speaker 8: next year when the French B team, it'll come back

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Speaker 8: and bite me when they beat It's the French B

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Speaker 8: team are going to have one of their games away

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Speaker 8: in the States against New Zealand, England, USA and a

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Speaker 8: double header. Yeah, that's what's believed to happen. So I

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Speaker 8: think it's the thin end of the wedge, isn't it really?

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Speaker 9: So?

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Speaker 2: Is this because the All Blacks would make more money

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Speaker 2: off taking it to the States and playing it at

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Speaker 2: Eden part, I'd.

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Speaker 8: Say to be double headed, because plainly I'm not a No,

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Speaker 8: I don't know, but I'd say yes, there'll be money

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Speaker 8: in it, plainly, and too the Ragby World cuts being

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Speaker 8: played over in the States, so they want to promote

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Speaker 8: the game and promote the brand as much as they

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Speaker 8: can to get the Americans on board. What better way

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Speaker 8: to promote it than having the All Blacks play in

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Speaker 8: the States, even though they do play all the time.

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Speaker 8: The question is when they start taking home games away

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Speaker 8: from New Zealand and playing around the world now said

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Speaker 8: thin end of the wedge, and you wonder how long

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Speaker 8: before it's like, well, I've been doing a few years now,

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Speaker 8: so we're actually taking two.

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Speaker 7: Wait this time around.

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Speaker 8: Look, the All Blacks is the brand that ends in

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Speaker 8: our trade off. They make all their money out that

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Speaker 8: is it. That's the top of the tree. So why

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Speaker 8: wouldn't they use that to expand the brand through to

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Speaker 8: the America and try and make more money. It makes

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Speaker 8: perfect sense.

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Speaker 2: From a business decision. That's okay. The problem, of course,

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Speaker 2: is what's the trade off?

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Speaker 7: Right?

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Speaker 2: The trade off is that you annoy the fans in

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Speaker 2: New Zealand who are already annoyed because of all the

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Speaker 2: stuff that's been going on with the team, be it

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Speaker 2: Fozzy be at tj'shucker whatever, and now you've annoyed them

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Speaker 2: more and you maybe lost them.

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Speaker 8: Well, you're going to have some big games. Eden Park

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Speaker 8: will remain to Kaha Study when it gets built will remain.

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Speaker 8: I expect the stadium in Wellington. They'll still have test matches,

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Speaker 8: but not don't give them two because they didn't behavior

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Speaker 8: well last time around. Maybe down South and Dunedin we're

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Speaker 8: not going to see the All Blacks. I'm sure there's

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Speaker 8: a lot of people will say, well, Hamilton missed out

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Speaker 8: last time. Does this mean that Hamilton starts missing out?

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Speaker 8: Are we ever going to see the all Blacks play?

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Speaker 8: In slightly smaller sentence, the answer is no. And this

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Speaker 8: is a of slowly massaging us sense of this concept

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Speaker 8: that we'll be lucky to see the all Blacks at

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Speaker 8: home and it will happen, but maybe not as much,

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Speaker 8: and the seats will be at a premium. But I

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Speaker 8: wonder how many people actually go to all black test

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Speaker 8: matches anyway?

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Speaker 2: But who's going to go to an all blacks test

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Speaker 2: match against the French B team?

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Speaker 8: Most fans probably would like to see us tramp over

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Speaker 8: the French. Wait, look, we'll find out. I think they

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Speaker 8: play it even part when I that sell out because

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Speaker 8: it's got a high concentration of all black fans. It's

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Speaker 8: a big population. Most people watch it on TV, don't

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Speaker 8: they really? And so will they miss out? When you

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Speaker 8: talk about having the all Blacks at home and the

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Speaker 8: all Blacks being on too, and the all Blacks exposing

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Speaker 8: to the wider population, do we really have that much

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Speaker 8: access to the all blacks anyway? They're so highly managed

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Speaker 8: and highly protected they're actually very difficult to get closer.

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Speaker 2: I know more about their politics than their personalities, So

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Speaker 2: do tell you that. Okay, well just one of them anyway,

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Speaker 2: but he's gone, hey, I appreciate it. Okay, Darcy's going

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Speaker 2: to be back for sports talk at seven o'clock.

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Speaker 8: Indeed, well we'll take calls on man, how happy people

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Speaker 8: will be. It's inevitable, but we don't have to like it, right.

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Speaker 2: That's right? Four twenty three good.

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Speaker 3: The name you trust to get the answers you need.

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Speaker 1: Head a duplicy allan drive with one New Zealand let's

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Speaker 1: get connected and news talk as they'd be.

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Speaker 2: Hey, on that cease fire deal between Hboela and Israel

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Speaker 2: that's been holding now for an hour and twenty five minutes. Now,

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Speaker 2: if that actually does hold for obviously longer than that,

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Speaker 2: but if it holds properly, then that is the end

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Speaker 2: of more than a year of fighting between the two

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Speaker 2: of them. This does not apply to Gaza. And the

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Speaker 2: problem here for the people of Gaza is that they're

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Speaker 2: now worried that now the Israelis are not fighting on

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Speaker 2: the northern border, they'll start intensifying their focus again on Gaza.

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Speaker 2: But we'll talk to Dan Mitchinson about it when he's

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Speaker 2: with us shortly.

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Speaker 3: Here.

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Speaker 2: The why can't the government tell the Reserve Bank that

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Speaker 2: are three month holidays and unacceptable in a recession which

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Speaker 2: actually feels like a depression, Well, because I think that

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Speaker 2: this is entirely up to the Reserve Bank. By the way,

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Speaker 2: it's full twenty five, entirely up to the Reserve Bank

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Speaker 2: what they do look like you. I also think a

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Speaker 2: three month break over summer is probably a little wild

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Speaker 2: given what we're going through. But Adrian always asked about

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Speaker 2: that today and he defended it pretty strongly. It's not

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Speaker 2: a summer break.

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Speaker 10: I also want just to reassure people and just coming

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Speaker 10: through the questions. This bank does not close over summer.

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Speaker 10: This bank in fact has some of its busiest periods

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Speaker 10: from here on through. We deliver the money in cash,

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Speaker 10: We keep the financial system efficient and stable, and we

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Speaker 10: operate the payment and settlement systems, and we also continue

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Speaker 10: to monitor economic activity, so that is happening in real time.

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Speaker 10: We do not close the door and go away and

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Speaker 10: come back February nineteen and go wow, I didn't expect

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Speaker 10: that to be here. You know, we will be looking

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Speaker 10: at it all so just so that you understand that.

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Speaker 2: Yeah, but just so also you understand it will take

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Speaker 2: a lot for them to actually change the ocr in

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Speaker 2: that time anyway, But he's not a hard hearted man.

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Speaker 2: He's got a parting summer message for you.

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Speaker 10: I really do hope people get some summer respite from

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Speaker 10: this challenge, and you know, in the best interests over

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Speaker 10: the next couple of months, warm your cockles and please

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Speaker 10: invest in places that raise the productive capacity of this

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Speaker 10: beautiful country.

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Speaker 2: What do you what do you reckon? Warm your cockles?

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Speaker 2: Is economically? What would I have to do with my

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Speaker 2: money to warm my cockles? Do you think? And also

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Speaker 2: what am I investing in? I'm not investing in anything.

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Speaker 2: What are you talking about? I'm not investing in anything

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Speaker 2: over summer, I'm investing in food. Is that productive? It's

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Speaker 2: productive for me? Anyway, we'll go with that here. The

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Speaker 2: public transport is great if you have all datys it,

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Speaker 2: which is a fair point. I mean, I think Thomas

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Speaker 2: has got a fair point.

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Speaker 11: Right.

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Speaker 2: You put the price of public transport up, people are

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Speaker 2: going to go. I can't be faft anyone just gonna

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Speaker 2: jump in the car. So there's a thing there anyway,

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Speaker 2: on warming your cockles. We'll talk to Brad Olson about that.

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Speaker 2: After five.

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Speaker 1: He stood, Zippy, find your Slart speaker on the aheat

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Speaker 1: in your car on your drive home. Here the duple

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Speaker 1: c Allen drive with one New Zealand, let's get connected

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Speaker 1: and news talk as they'd be.

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Speaker 7: What.

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Speaker 2: I am surprised at how angry people are. I was

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Speaker 2: surprised at how angry the husband was about TJ's hucker,

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Speaker 2: because I was like, Oh, TJ, how annoying. Why'd you

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Speaker 2: go and do that? That's unnecessary. Look, you're going to

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Speaker 2: make people angry. That's how I was. The husband was

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Speaker 2: right raging. Anyway, He's not alone because I'm still getting

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Speaker 2: angry texts about it. So yeah, I think the All

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Speaker 2: Blex have got a problem here. Hey, hey German, I

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Speaker 2: think that we should probably should find a different way

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Speaker 2: to address the producer. Hey Laura, the producer, I reckon,

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Speaker 2: we should put in another call with the rugby union.

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Speaker 2: What do you think and just see if they've maybe

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Speaker 2: changed their minds now that they've been slammed on social

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Speaker 2: media about that aker. Well, we'll just have little hoon.

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Speaker 2: We'll give them a call. We'll see what they've got

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Speaker 2: to say hither, I'm sorry Adrian or has lost the plot.

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Speaker 2: We're struggling as a country financially. How do you go

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Speaker 2: out and warm your cockles when all your money is

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Speaker 2: working to keep the business in the household going, Simon,

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Speaker 2: I don't know. I don't know because I thought maybe

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Speaker 2: warming your cockles would be to go and get completely

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Speaker 2: and utterly drunk so you can't remember how bad things are.

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Speaker 2: But then I was like, oh, no, you can't do

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Speaker 2: that because that actually costs your money, which you don't

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Speaker 2: have anymore because Adrian took it off you. So I

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Speaker 2: don't know how you warm your cockles. You're gonna have

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Speaker 2: to find some activity that's completely and utterly free. Maybe

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Speaker 2: just sit in the sun.

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Speaker 12: New Zealander, Sure boy, you are well, it's Laura's jewn.

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Speaker 2: Oh and what am I gonna call you now?

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Speaker 12: Yeah?

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Speaker 2: I don't really know. I'm gonna have to think about

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Speaker 2: what can I say that's borderline offensive but not so

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Speaker 2: offensive that again, offensive enough to make the pr lady

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Speaker 2: stress out every time I do it, which is what

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Speaker 2: happens in this newsroom, but not offensive enough to actually

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Speaker 2: get the BSA in touch with me. I'll think about it,

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Speaker 2: and so I'll come back to your crowdsource. What shall

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Speaker 2: I call it? Hart wait nine two nine cockles, I'll

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Speaker 2: call them that. Hey, I got a Black Friday warning

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Speaker 2: for You're gonna want to hear this one because it's

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Speaker 2: actually We've got some data which is important to stand by,

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Speaker 2: and I'll give it to your twenty two away from five.

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Speaker 3: It's the world wires on news dogs. He'd be drive.

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Speaker 2: Joe Biden says he expects the ceasefire between Israel and

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Speaker 2: Hezbola to end the wall permanently.

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Speaker 7: Now.

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Speaker 2: The two sides have agreed to a sixty day cessation

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Speaker 2: of hostilities, and here's Biden fday across.

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Speaker 13: The Lebanese Israeli border will end, will end. This is

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Speaker 13: designed to be a permanent cescession of hostilities has block

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Speaker 13: terrace infrastructure and so the Lebanon will not be allowed

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Speaker 13: to be rebuilt.

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Speaker 14: Now.

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Speaker 2: The ceasefire came into effect three o'clock our time. Fighting

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Speaker 2: continued right up until the last minute. Rockets were fired

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Speaker 2: into Israel Lebanon earlier in the day, and Israel conducted

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Speaker 2: air strikes on by Route thirty minutes before the ceasefire

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Speaker 2: kicked in. Al Jazeera reporter Ali Hashem is in the

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Speaker 2: city of Tire in Lebanon.

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Speaker 15: The last strike was a couple of hours ago. Oh,

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Speaker 15: we've been hearing all the night massive air strikes everywhere.

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Speaker 15: The walls were shaking around us. It was a tense night.

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Speaker 2: And finally, Pizza Hut and China has released a frog pizza.

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Speaker 2: They're calling it the Goblin Pizza and it's topped with

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Speaker 2: coriander red sauce, a crumbed and deep fried frog, and

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Speaker 2: a hard boiled egg with olive slices, which a style

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Speaker 2: to look like googly eyes. Because the frog wasn't enough,

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Speaker 2: so they wanted another thing that looked like a frog.

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Speaker 2: It's only available for a limited time as part of

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Speaker 2: a promotion for a mobile phone game.

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

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00:19:36,000 --> 00:19:37,960
Speaker 1: for New Zealand business.

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00:19:37,880 --> 00:19:39,800
Speaker 2: Dan litchardson US corresponds with us.

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00:19:39,800 --> 00:19:42,000
Speaker 16: Now, hello Dan, or you can just call me the

443
00:19:42,080 --> 00:19:44,840
Speaker 16: yank whatever you want, right, why not?

444
00:19:45,040 --> 00:19:47,640
Speaker 2: But it's not even the it's not even the it's

445
00:19:47,800 --> 00:19:51,479
Speaker 2: just like yank like just to really really be as

446
00:19:51,560 --> 00:19:55,720
Speaker 2: offensive as possible. Hey, Dan, So do we actually think

447
00:19:55,760 --> 00:19:58,040
Speaker 2: that the ceasefire deal is going to last. I mean,

448
00:19:58,080 --> 00:19:59,480
Speaker 2: to get to them to this point, right, and this

449
00:19:59,480 --> 00:20:01,160
Speaker 2: has been going on ages to get them to this point,

450
00:20:01,200 --> 00:20:01,880
Speaker 2: suggests it.

451
00:20:01,840 --> 00:20:03,800
Speaker 3: Might do well.

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00:20:03,840 --> 00:20:05,960
Speaker 16: It might, but you know, there was a reporter who

453
00:20:06,000 --> 00:20:08,480
Speaker 16: I was reading one of the blogs earlier today and

454
00:20:09,000 --> 00:20:10,679
Speaker 16: I jotted this down because I think it sums up

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00:20:10,680 --> 00:20:13,359
Speaker 16: things to a tea. It said, tactical battlefield success in

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00:20:13,480 --> 00:20:17,440
Speaker 16: absence of political or diplomatic arrangements cannot bring lasting security.

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00:20:17,480 --> 00:20:19,680
Speaker 16: And you're, well, hold it, what does that mean? I

458
00:20:19,720 --> 00:20:22,280
Speaker 16: think we're going to have to wait and see. I mean,

459
00:20:22,359 --> 00:20:24,720
Speaker 16: is this going to bring Trump the showman who comes

460
00:20:24,720 --> 00:20:26,640
Speaker 16: in and takes over from Joe Biden in six seven

461
00:20:26,680 --> 00:20:29,000
Speaker 16: weeks and tries to extend this agreement, or is it

462
00:20:29,000 --> 00:20:30,800
Speaker 16: going to be Trump the diplomat who brings in people

463
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Speaker 16: with more experience to try and negotiate something that will last,

464
00:20:33,240 --> 00:20:35,800
Speaker 16: because honestly, I mean, there's still so much bad blood

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00:20:35,840 --> 00:20:38,159
Speaker 16: between these two. I mean, it's hard to imagine this

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Speaker 16: thing lasting for any length of time.

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Speaker 2: It feels very much like Biden has got a spine

468
00:20:45,280 --> 00:20:48,080
Speaker 2: only because Trump is coming in. Does it not feel

469
00:20:48,080 --> 00:20:48,640
Speaker 2: like that to you?

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Speaker 13: Yeah?

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00:20:49,640 --> 00:20:50,240
Speaker 3: Yeah, I think so.

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Speaker 16: I mean, I think this is you know, as he said,

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Speaker 16: he wants to renew is push to try and secure

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00:20:54,600 --> 00:20:56,880
Speaker 16: a ceasefire in a hostage deal there, and I think

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00:20:56,920 --> 00:20:58,840
Speaker 16: this he'd like this to be part of his legacy.

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00:20:59,160 --> 00:21:01,200
Speaker 16: But as we and you just heard of the World

477
00:21:01,200 --> 00:21:03,800
Speaker 16: wires right there, the caveats from what I understand, I mean,

478
00:21:04,160 --> 00:21:06,840
Speaker 16: Israel forces won't pull out immediately, They've got some two

479
00:21:06,920 --> 00:21:09,200
Speaker 16: months or something like that. And second, we don't know

480
00:21:09,240 --> 00:21:11,439
Speaker 16: how Israel's going to respond if there's violations to this.

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00:21:11,560 --> 00:21:14,639
Speaker 16: I mean, both Israel and Lebanon, can you know, have

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00:21:14,800 --> 00:21:17,240
Speaker 16: they retain the right of self defense under international law?

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00:21:17,400 --> 00:21:19,680
Speaker 2: Yeah? But on the Biden thing, I mean, I'm fascinated

484
00:21:19,680 --> 00:21:21,800
Speaker 2: by this because the minute that Trump wins, all of

485
00:21:21,800 --> 00:21:24,600
Speaker 2: a sudden, it's okay for Ukraine to start firing American

486
00:21:24,640 --> 00:21:27,240
Speaker 2: made missiles into Russia, when that was not okay this

487
00:21:27,400 --> 00:21:30,080
Speaker 2: whole time, last eighteen months, and now all of a

488
00:21:30,080 --> 00:21:32,159
Speaker 2: sudden he's managed to get a ceasefire. Where was the

489
00:21:32,280 --> 00:21:33,440
Speaker 2: urgency beforehand?

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Speaker 3: I don't know.

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Speaker 16: I think I think Biden's been trying for some time,

492
00:21:36,680 --> 00:21:38,000
Speaker 16: but I think he had to step up his game,

493
00:21:38,119 --> 00:21:41,680
Speaker 16: especially with net Yahoo and Trump having this relationship that

494
00:21:41,720 --> 00:21:44,960
Speaker 16: they've had on and off recently. And you know, Trump

495
00:21:45,000 --> 00:21:46,240
Speaker 16: has said that he was going to come in and

496
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Speaker 16: he was going to solve the Mid East crisis day

497
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Speaker 16: one of his administration. But of course he said that

498
00:21:50,920 --> 00:21:52,480
Speaker 16: about a number of things. It's going to be a busy,

499
00:21:53,400 --> 00:21:55,360
Speaker 16: busy day one for him when he when he gets

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00:21:55,400 --> 00:21:56,359
Speaker 16: in office in January.

501
00:21:56,440 --> 00:21:58,200
Speaker 2: Now, speaking of Trump, what's Mexico I had to say

502
00:21:58,200 --> 00:21:59,760
Speaker 2: about the threat of the tariff ceas today?

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00:22:00,400 --> 00:22:03,120
Speaker 16: Oh boy, they're not happy with this. I mean, Mexico

504
00:22:03,160 --> 00:22:06,000
Speaker 16: isn't happy, China's not happy, Canada is not happy. I mean,

505
00:22:06,040 --> 00:22:08,080
Speaker 16: if you look at California where I'm based right now,

506
00:22:08,080 --> 00:22:10,440
Speaker 16: we've got the fifth biggest economy in the world, and

507
00:22:10,920 --> 00:22:14,199
Speaker 16: you've got Mexico and China and Canada ranking as the

508
00:22:14,200 --> 00:22:17,840
Speaker 16: state's top three export markets, not to mention importing. So

509
00:22:18,000 --> 00:22:20,080
Speaker 16: if this continues and you hike up the prices by

510
00:22:20,080 --> 00:22:23,000
Speaker 16: twenty five percent or more, I mean, are people going

511
00:22:23,080 --> 00:22:25,520
Speaker 16: to stop buying? Our country is going to stop sending

512
00:22:25,560 --> 00:22:26,760
Speaker 16: things our way? Are we going to have to go

513
00:22:26,800 --> 00:22:29,240
Speaker 16: and find somebody else to trade with right now, especially

514
00:22:29,320 --> 00:22:32,800
Speaker 16: with Mexico, and you're dealing not with just clothes and

515
00:22:32,800 --> 00:22:36,280
Speaker 16: food that's coming across the border, but electronics and cars too.

516
00:22:36,600 --> 00:22:39,000
Speaker 2: Yeah. Hey, how bad is it for Rudy? What's up?

517
00:22:39,680 --> 00:22:40,879
Speaker 3: Oh boy? Speaking of money?

518
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Speaker 17: Uh?

519
00:22:41,920 --> 00:22:42,359
Speaker 3: Not good.

520
00:22:42,400 --> 00:22:44,560
Speaker 16: I mean he was in court again today and part

521
00:22:44,560 --> 00:22:47,080
Speaker 16: of this case is collecting. I mean, this goes back

522
00:22:47,119 --> 00:22:50,560
Speaker 16: to the Georgia election workers that he defamed when he

523
00:22:50,640 --> 00:22:53,240
Speaker 16: was challenging the election results a few years back. He

524
00:22:53,240 --> 00:22:55,320
Speaker 16: owes one hundred and forty six million dollars in this

525
00:22:55,440 --> 00:22:57,320
Speaker 16: judgment case, and he said, I'm broke.

526
00:22:57,920 --> 00:22:58,919
Speaker 3: I can't pay my bills.

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00:22:58,960 --> 00:23:01,160
Speaker 16: I don't have the cash credit cards. I mean, first

528
00:23:01,200 --> 00:23:02,359
Speaker 16: of all, how are you going to pay one hundred

529
00:23:02,359 --> 00:23:04,439
Speaker 16: and forty six million dollars back ever, let alone when

530
00:23:04,440 --> 00:23:07,399
Speaker 16: you're you know, eighty something, and everything's been tied up

531
00:23:07,400 --> 00:23:09,399
Speaker 16: by the courts. And the judge says, I'm not having this.

532
00:23:09,480 --> 00:23:11,600
Speaker 16: He says, you can change attorneys, you can try stalin

533
00:23:11,680 --> 00:23:14,840
Speaker 16: about this, but he says you've had time. He says,

534
00:23:14,840 --> 00:23:16,840
Speaker 16: you haven't brought papers in for your car or your

535
00:23:16,840 --> 00:23:20,080
Speaker 16: five million dollar home right now. And you know, I mean,

536
00:23:20,119 --> 00:23:22,040
Speaker 16: in the meantime, the man who he backed, Donald Trump,

537
00:23:22,040 --> 00:23:24,439
Speaker 16: has been awfully quiet. Well, this has been going on,

538
00:23:24,480 --> 00:23:25,760
Speaker 16: and he's been keeping his distance.

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Speaker 2: Yeah, Dan, we'll talk to you again in a couple

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00:23:28,240 --> 00:23:31,119
Speaker 2: of days. A Dan Mitchinson, our US correspondens. Here's an

541
00:23:31,119 --> 00:23:33,520
Speaker 2: example of a Texa's just coming right now. Hither I

542
00:23:33,600 --> 00:23:35,760
Speaker 2: own and operate a sports shop. Believe me, people are

543
00:23:35,760 --> 00:23:37,840
Speaker 2: ready to burn there all blacks jerseys. It wasn't so

544
00:23:37,920 --> 00:23:39,760
Speaker 2: much the hucker. It was more than getting photographs of

545
00:23:39,760 --> 00:23:42,720
Speaker 2: the teneta tongue of flag because they represent New Zealand. Chris,

546
00:23:42,800 --> 00:23:46,400
Speaker 2: thank you for that. Hither you warm your cockles over

547
00:23:46,440 --> 00:23:48,879
Speaker 2: the forty gallon drum burning on the pavement with your

548
00:23:48,880 --> 00:23:52,120
Speaker 2: fingerless gloves and your worn coat. Chris, thank you. We'll

549
00:23:52,119 --> 00:23:54,199
Speaker 2: make it when you do that, take a photograph on

550
00:23:54,240 --> 00:23:56,360
Speaker 2: the cell phone you don't own anymore because you've lost

551
00:23:56,400 --> 00:23:58,240
Speaker 2: that money, and then send it through to the reserve bank.

552
00:23:58,520 --> 00:24:00,639
Speaker 2: They won't receive it while they're on this month holiday.

553
00:24:00,640 --> 00:24:03,639
Speaker 2: They'll get it on February the nineteenth. Here's the Black

554
00:24:03,640 --> 00:24:05,960
Speaker 2: Friday warning that I've got for UK. So that price

555
00:24:06,040 --> 00:24:07,520
Speaker 2: me is an outfit who had a look back at

556
00:24:07,560 --> 00:24:10,320
Speaker 2: what happened last year. They looked at the one hundred

557
00:24:10,359 --> 00:24:12,680
Speaker 2: most popular products that were for sale in the Black

558
00:24:12,720 --> 00:24:16,679
Speaker 2: Friday sales found seventy six of them, seventy six percent

559
00:24:16,720 --> 00:24:19,000
Speaker 2: of them. Well, that is seventy six of them, isn't it,

560
00:24:19,040 --> 00:24:21,199
Speaker 2: Because it's of one hundred, So seventy six of one

561
00:24:21,280 --> 00:24:24,360
Speaker 2: hundred were actually cheaper on other days in the year

562
00:24:24,400 --> 00:24:26,639
Speaker 2: than they were on Black Fridays. So we're gonna have

563
00:24:26,680 --> 00:24:29,320
Speaker 2: a chat to the CEO of Price. Me will be

564
00:24:29,359 --> 00:24:31,680
Speaker 2: with us. Quarter past five, barrisopas.

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00:24:31,080 --> 00:24:35,040
Speaker 1: Next politics was centric credit, check your customers and get payments.

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00:24:35,040 --> 00:24:37,800
Speaker 2: Certainty, very so, per senior political correspondence with US. Now

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00:24:37,880 --> 00:24:40,720
Speaker 2: Hi Barry, good afternoon. As the government claiming credit for

568
00:24:40,760 --> 00:24:43,840
Speaker 2: the inflation coming down sufficiently to have an ACR cut again.

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Speaker 17: Well your cockles will be warmed, no doubt hither and

570
00:24:47,640 --> 00:24:50,359
Speaker 17: it seems that we all should be feeling much warmer

571
00:24:50,359 --> 00:24:54,520
Speaker 17: as a result of this fifty point drop. Nikola Willis

572
00:24:54,800 --> 00:24:57,920
Speaker 17: cheerfully gave us one example. A family with a five

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00:24:58,000 --> 00:25:00,879
Speaker 17: hundred dollars five hundred thousand dollars mortgage on a twenty

574
00:25:00,920 --> 00:25:04,280
Speaker 17: five year term would expect to be better off by

575
00:25:04,320 --> 00:25:06,359
Speaker 17: about one hundred and eighty bucks a week, she says.

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00:25:06,720 --> 00:25:09,919
Speaker 17: But that's providing the bank drops the rate from seven

577
00:25:10,160 --> 00:25:13,560
Speaker 17: to five point seven five percent. I don't see bank

578
00:25:13,720 --> 00:25:16,480
Speaker 17: dropping rates that much. I haven't seen them come down

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00:25:16,520 --> 00:25:19,960
Speaker 17: that much. The average mortgage interestraight in New Zealand is

580
00:25:20,040 --> 00:25:22,160
Speaker 17: just under eight percent, seven point ninety.

581
00:25:22,000 --> 00:25:23,960
Speaker 2: Four percent floating.

582
00:25:24,440 --> 00:25:28,120
Speaker 17: No, that's that's the average floating. Sorry, and the fixed

583
00:25:28,240 --> 00:25:32,640
Speaker 17: rate is five point nine percent. But if you listen

584
00:25:32,680 --> 00:25:36,879
Speaker 17: to Adrian or, it's both good and uncertain news, with

585
00:25:37,000 --> 00:25:40,320
Speaker 17: all saying there's likely to be another fifty basis point

586
00:25:40,359 --> 00:25:44,320
Speaker 17: cut in the OCR early next year, but warns of

587
00:25:44,400 --> 00:25:45,560
Speaker 17: a slow recovery.

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00:25:45,680 --> 00:25:49,560
Speaker 10: Economic growth is expected to recover during twenty twenty five

589
00:25:49,760 --> 00:25:54,959
Speaker 10: as lower interest rates encourage investment and other spending employment growth. However,

590
00:25:55,359 --> 00:25:59,240
Speaker 10: it is expected to remain weak until at least twenty

591
00:25:59,280 --> 00:26:03,320
Speaker 10: twenty five, and for some financial stress will take time

592
00:26:03,359 --> 00:26:07,040
Speaker 10: to ease. The Monastry Policy Committee agreed that having consumer

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00:26:07,080 --> 00:26:09,879
Speaker 10: price inflation close to the midpoint of its target ban

594
00:26:10,080 --> 00:26:13,320
Speaker 10: puts US in the best position to respond to any

595
00:26:13,760 --> 00:26:15,760
Speaker 10: shocks to inflation looking forward.

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00:26:16,560 --> 00:26:20,600
Speaker 17: So that's good and sort of good news. I suppose,

597
00:26:21,359 --> 00:26:24,760
Speaker 17: of course, the government like you indicated earlier as putting

598
00:26:24,800 --> 00:26:28,240
Speaker 17: a very glossy picture or painting a glossy picture on

599
00:26:28,280 --> 00:26:31,520
Speaker 17: the latest fall. It's a year since they were sworn

600
00:26:31,560 --> 00:26:35,160
Speaker 17: in today. All they're beginning their first day today. Finance

601
00:26:35,200 --> 00:26:38,320
Speaker 17: Minister Nichol Willa says they've delivered what they said they would.

602
00:26:38,560 --> 00:26:41,960
Speaker 18: We promised that with careful fiscal management, we'd get inflation

603
00:26:42,080 --> 00:26:42,960
Speaker 18: back under control.

604
00:26:43,160 --> 00:26:43,439
Speaker 4: We have.

605
00:26:43,720 --> 00:26:46,679
Speaker 18: We promised that when inflation was back under control, interest.

606
00:26:46,480 --> 00:26:47,200
Speaker 19: Rates would drop.

607
00:26:47,400 --> 00:26:47,840
Speaker 2: They are.

608
00:26:48,119 --> 00:26:51,520
Speaker 18: We promised we would deliver fiscally neutral tax relief to

609
00:26:51,560 --> 00:26:53,359
Speaker 18: three point five million New Zealanders.

610
00:26:53,480 --> 00:26:53,800
Speaker 4: We have.

611
00:26:54,160 --> 00:26:56,520
Speaker 18: And for those who say, oh, well it's just inevitable

612
00:26:56,600 --> 00:26:59,520
Speaker 18: that inflation and interest rates come down, just look over

613
00:26:59,560 --> 00:27:00,000
Speaker 18: the ditch.

614
00:27:00,800 --> 00:27:03,720
Speaker 17: Yeah, well, the Ossie rate is about the same as

615
00:27:03,760 --> 00:27:08,200
Speaker 17: ours two point eight percent, and mortgage rates She's right,

616
00:27:08,240 --> 00:27:11,359
Speaker 17: the mortgage rates are still pretty high in Australia, about

617
00:27:12,680 --> 00:27:16,080
Speaker 17: seven point or seven and a half percent. So you know,

618
00:27:16,359 --> 00:27:20,320
Speaker 17: New Zealand's doing slightly better than Australia, but not significantly.

619
00:27:20,600 --> 00:27:23,680
Speaker 2: Well what on the are you measuring it on the OCR.

620
00:27:23,520 --> 00:27:24,320
Speaker 8: On the mortgage rates?

621
00:27:24,359 --> 00:27:26,560
Speaker 17: Well, the OCR there, I'm not quite sure what.

622
00:27:26,560 --> 00:27:28,760
Speaker 2: Jesus take us a while to do slightly better than

623
00:27:28,840 --> 00:27:30,640
Speaker 2: they've been doing better than us the whole other time.

624
00:27:30,720 --> 00:27:33,320
Speaker 2: That's right, Hey, So tomorrow is it tomorrow? Or was

625
00:27:33,359 --> 00:27:35,840
Speaker 2: it today that it was the first day in office.

626
00:27:35,640 --> 00:27:38,360
Speaker 17: So beginning their first day. Yeah today was a year ago.

627
00:27:38,520 --> 00:27:39,120
Speaker 2: Yeah see.

628
00:27:39,440 --> 00:27:41,760
Speaker 17: And I know whether you saw the Winston Peters interview

629
00:27:42,080 --> 00:27:46,159
Speaker 17: in the Herald today, it reminded me of just what

630
00:27:46,359 --> 00:27:48,440
Speaker 17: the situation was like and the lead up to the

631
00:27:48,520 --> 00:27:53,680
Speaker 17: last election when you came to particularly David Seymour and

632
00:27:54,160 --> 00:27:58,879
Speaker 17: Winston Peters. Seymour had described Winston Peters as a crook

633
00:27:59,320 --> 00:28:03,080
Speaker 17: and the least trustworthy people person in New Zealand politics,

634
00:28:04,160 --> 00:28:08,680
Speaker 17: and Peters responded and kind of calling Seymour a political

635
00:28:08,760 --> 00:28:14,000
Speaker 17: cuckold from EPSOM and comparing him to chihuahua barking at

636
00:28:14,080 --> 00:28:17,879
Speaker 17: the front gate. And I am now sitting around the

637
00:28:17,960 --> 00:28:21,679
Speaker 17: cabinet table in coalition. But it was interesting also I

638
00:28:21,760 --> 00:28:25,639
Speaker 17: thought that you'll remember the prime or not the Prime minister.

639
00:28:25,720 --> 00:28:28,879
Speaker 17: Then the leader of the opposition, Chris Luxon, was constantly

640
00:28:28,960 --> 00:28:32,880
Speaker 17: being asked whether he would sit down with Winston Peters

641
00:28:32,920 --> 00:28:36,720
Speaker 17: after the election. He equivocated all the way through and

642
00:28:36,760 --> 00:28:41,400
Speaker 17: then finally he said that yes he would pick up

643
00:28:41,440 --> 00:28:46,080
Speaker 17: the phone to Winston Peters if necessary. And it's interesting

644
00:28:46,120 --> 00:28:49,959
Speaker 17: to me to see these three personalities and who is

645
00:28:50,040 --> 00:28:53,080
Speaker 17: actually getting on better at the moment, and I suggest

646
00:28:53,120 --> 00:28:55,880
Speaker 17: that Winston Peters is getting on much better with Chris Luxeon,

647
00:28:55,880 --> 00:28:59,560
Speaker 17: maybe because he's overseas or he's been overseas for much

648
00:28:59,560 --> 00:29:01,640
Speaker 17: of the part To you what David Seymour now, I

649
00:29:01,680 --> 00:29:02,640
Speaker 17: reckon because he's.

650
00:29:02,480 --> 00:29:06,000
Speaker 2: Just he's just more flexible on his principles.

651
00:29:06,200 --> 00:29:09,880
Speaker 17: Well, you know he has been round of politics and

652
00:29:10,160 --> 00:29:10,960
Speaker 17: a long more team.

653
00:29:11,040 --> 00:29:12,600
Speaker 2: He's much more pragmatic, isn't he?

654
00:29:12,600 --> 00:29:16,840
Speaker 17: He is more pragmatic and David Seymour he knows what

655
00:29:16,880 --> 00:29:19,240
Speaker 17: he wants and he sets out to get it. But

656
00:29:19,600 --> 00:29:22,800
Speaker 17: sometimes he obviously gets under what not Sometimes quite a

657
00:29:22,840 --> 00:29:25,160
Speaker 17: lot gets under Chris Luckson's skin.

658
00:29:25,520 --> 00:29:27,080
Speaker 2: Tell you what, Let's have a look at the next

659
00:29:27,120 --> 00:29:29,600
Speaker 2: election though, See which of these two parties goes up

660
00:29:29,920 --> 00:29:32,120
Speaker 2: or retains as much of their their vote Show yes,

661
00:29:32,200 --> 00:29:34,280
Speaker 2: and we'll know which is the right approach to take. Hey,

662
00:29:34,560 --> 00:29:36,840
Speaker 2: so when is this David Seymour Willy Jackson debate going

663
00:29:36,920 --> 00:29:37,200
Speaker 2: to happen?

664
00:29:37,320 --> 00:29:40,880
Speaker 17: It's not going to happen. Well, what David Seymour has said,

665
00:29:41,080 --> 00:29:45,080
Speaker 17: and I've had messages to him, to Dan, he's responded

666
00:29:45,160 --> 00:29:48,920
Speaker 17: that he's not going to debate Willie Jackson unless Willy

667
00:29:49,000 --> 00:29:54,080
Speaker 17: Jackson apologize, apologizes for calling him a liar. Well, Jackson

668
00:29:54,120 --> 00:29:56,280
Speaker 17: refused to do that in the house, and remember he

669
00:29:56,320 --> 00:30:00,920
Speaker 17: has kicked out by Jerry Brownlee and Seymour argue that

670
00:30:01,240 --> 00:30:04,800
Speaker 17: you've got to have better parliamentary standards and the factors here,

671
00:30:04,880 --> 00:30:08,080
Speaker 17: it's quite easy for Woody Jackson to get a debate

672
00:30:08,640 --> 00:30:12,240
Speaker 17: with David Seymour simply by asking a.

673
00:30:12,320 --> 00:30:13,520
Speaker 2: Question in the house.

674
00:30:13,720 --> 00:30:15,720
Speaker 17: In the house, and he's able to do that. Do

675
00:30:15,760 --> 00:30:19,200
Speaker 17: you know he's only done at once in the past year. Well,

676
00:30:19,200 --> 00:30:21,400
Speaker 17: I suggest to Willie he gets a thinking cap on,

677
00:30:21,840 --> 00:30:24,120
Speaker 17: sits down and comes up with a good question and

678
00:30:24,160 --> 00:30:26,200
Speaker 17: they can have a debate to and fro in the house.

679
00:30:26,240 --> 00:30:28,440
Speaker 2: Great advice, actually, Barry, thank you very much. Bariso for

680
00:30:28,440 --> 00:30:32,160
Speaker 2: senior political correspondent seven away from five, putting.

681
00:30:31,840 --> 00:30:35,720
Speaker 1: The tough questions to the newspeakers the mic asking breakfast.

682
00:30:35,320 --> 00:30:37,880
Speaker 20: We've got an additional fifty senior doctors and seventy five nurses.

683
00:30:37,920 --> 00:30:41,320
Speaker 20: Association of Salary Medical Specialists Loss Sarah Dalton is with us.

684
00:30:41,360 --> 00:30:43,680
Speaker 20: I know what you will say, but it's better than nothing,

685
00:30:43,760 --> 00:30:44,040
Speaker 20: isn't it.

686
00:30:44,040 --> 00:30:47,280
Speaker 19: Well, it depends effectively what the minister has announced as

687
00:30:47,320 --> 00:30:51,000
Speaker 19: fifty extra vacancies on an already very long vacancy lived.

688
00:30:51,120 --> 00:30:52,040
Speaker 3: Where are they getting them from?

689
00:30:52,040 --> 00:30:53,760
Speaker 20: By the way, there're a covet of scen doctors about

690
00:30:53,800 --> 00:30:54,040
Speaker 20: the place.

691
00:30:54,040 --> 00:30:56,960
Speaker 19: Wouldn't that be nice?

692
00:30:55,520 --> 00:30:55,720
Speaker 7: Christ?

693
00:30:58,040 --> 00:31:00,719
Speaker 20: What does this actually achieve on the parade?

694
00:31:00,720 --> 00:31:03,200
Speaker 19: But I really don't think it achieves anything. I think

695
00:31:03,240 --> 00:31:06,520
Speaker 19: it's really disappointing given that last year workforce plan. See,

696
00:31:06,560 --> 00:31:08,640
Speaker 19: this is how many we think we need and nothing

697
00:31:08,680 --> 00:31:09,320
Speaker 19: that has happened.

698
00:31:09,320 --> 00:31:11,360
Speaker 21: So he is comfort to addressing.

699
00:31:11,280 --> 00:31:14,040
Speaker 20: Back tomorrow at six am the Mike Hosking Breakfast with

700
00:31:14,080 --> 00:31:16,920
Speaker 20: the Rain Driver of the Lawn News Talk z B four.

701
00:31:16,880 --> 00:31:18,520
Speaker 2: Away from five. We have to talk about Mike Kane.

702
00:31:18,720 --> 00:31:21,240
Speaker 2: I'll try to get across it in the next twenty

703
00:31:21,280 --> 00:31:24,320
Speaker 2: minutes or so. Health New Zealand is proposing to do

704
00:31:24,360 --> 00:31:26,080
Speaker 2: a bunch of cuts, by the way, some more job

705
00:31:26,120 --> 00:31:28,640
Speaker 2: cuts that it looks like a total of fifteen hundred.

706
00:31:28,720 --> 00:31:32,400
Speaker 2: This is according to the Union. From the National Public

707
00:31:32,440 --> 00:31:34,800
Speaker 2: Health Service, there will be three hundred and sixty jobs

708
00:31:34,840 --> 00:31:37,240
Speaker 2: that will go, and from the Data and Digital Group

709
00:31:37,240 --> 00:31:39,320
Speaker 2: there will be eleven hundred and twenty jobs, So one

710
00:31:39,760 --> 00:31:41,960
Speaker 2: hundred and twenty jobs will go. That's a that's thirty

711
00:31:42,000 --> 00:31:44,600
Speaker 2: forty percent of the workforce. Are you surprised, like I am,

712
00:31:44,680 --> 00:31:46,760
Speaker 2: at how many people are working in the nerd department

713
00:31:47,160 --> 00:31:49,600
Speaker 2: at Health New Zealand. I mean that that suggests that

714
00:31:49,600 --> 00:31:52,280
Speaker 2: there's about twenty three hundred of them just doing digital work.

715
00:31:52,280 --> 00:31:54,000
Speaker 2: There's a lot, isn't how many digital people have we

716
00:31:54,080 --> 00:31:57,120
Speaker 2: got like three six someone else? I mean we're smaller

717
00:31:57,440 --> 00:31:59,360
Speaker 2: to be fair, but that seems like a lot. Anyway,

718
00:31:59,480 --> 00:32:01,400
Speaker 2: talk to the union about it shortly and Brad Olson's

719
00:32:01,400 --> 00:32:03,880
Speaker 2: with us straight after the news. Now Ryan Bridge are

720
00:32:03,960 --> 00:32:05,280
Speaker 2: very own. Ryan Bridge is going to be on the

721
00:32:05,320 --> 00:32:08,720
Speaker 2: Show's very upset about paper bags at the supermarket. He's

722
00:32:08,720 --> 00:32:11,520
Speaker 2: written a column for The Herald and hard to know

723
00:32:11,600 --> 00:32:13,920
Speaker 2: exactly what he's upset about because he's upset about a

724
00:32:13,960 --> 00:32:16,600
Speaker 2: lot in this column, so it's just everything. It's that

725
00:32:16,640 --> 00:32:20,480
Speaker 2: the bag is a bit rubbish for holding the slippery

726
00:32:21,600 --> 00:32:26,280
Speaker 2: wet milk bottles. He's upset that he's told it's reusable,

727
00:32:26,280 --> 00:32:28,400
Speaker 2: but it's actually not reusable at all, as we all know.

728
00:32:28,920 --> 00:32:30,680
Speaker 2: He's upset that he has to buy the bag in

729
00:32:30,720 --> 00:32:33,000
Speaker 2: the first place, that's not provided free. Then he's upset

730
00:32:33,000 --> 00:32:34,880
Speaker 2: at the cost, which is forty cents, and he suspects.

731
00:32:34,880 --> 00:32:37,240
Speaker 2: I think quite rightly that there is quite a margin

732
00:32:37,320 --> 00:32:40,440
Speaker 2: being made here. He's upset that now because it's Christmas,

733
00:32:40,480 --> 00:32:43,480
Speaker 2: they've got trees printed all over them, and he's mainly

734
00:32:43,520 --> 00:32:46,400
Speaker 2: also quite upset that it's not a plastic bag. I

735
00:32:46,440 --> 00:32:49,000
Speaker 2: think primarily what he's upset about here is the margins

736
00:32:49,400 --> 00:32:51,120
Speaker 2: that are being charged. So we called Woolworths did and

737
00:32:51,120 --> 00:32:53,239
Speaker 2: it was Woolworth's. We called Woolworsts and we said, oh,

738
00:32:53,240 --> 00:32:54,840
Speaker 2: what is the margin? And they were like, well, it's

739
00:32:54,880 --> 00:32:57,080
Speaker 2: not just us charging forty it's actually thirty nine cents,

740
00:32:58,200 --> 00:33:00,520
Speaker 2: and it's not just us charging that much New World,

741
00:33:00,520 --> 00:33:02,840
Speaker 2: which is like when your child knat's on their sibling.

742
00:33:02,880 --> 00:33:04,760
Speaker 2: We're like, no, look, got to buy that. Anyway, they

743
00:33:04,800 --> 00:33:07,720
Speaker 2: won't tell us the margin, which is suspicious. So Ryan

744
00:33:07,760 --> 00:33:09,080
Speaker 2: will be at us after five point thirty.

745
00:33:09,160 --> 00:33:16,040
Speaker 1: Insteedb the only drive show you can trust to ask

746
00:33:16,080 --> 00:33:19,400
Speaker 1: the questions, get the answers by their backs, and give

747
00:33:19,520 --> 00:33:23,040
Speaker 1: the analysis Heather due to the Eland Drive with One

748
00:33:23,120 --> 00:33:26,320
Speaker 1: New Zealand let's get connected and youth talk as they'd.

749
00:33:26,080 --> 00:33:30,960
Speaker 2: Be good afternoon. Banks have immediately started cutting their mortgage

750
00:33:31,040 --> 00:33:33,480
Speaker 2: rates after the Reserve Bank today cut the official cash

751
00:33:33,560 --> 00:33:36,160
Speaker 2: rate by fifty basis points, so the OCR is now

752
00:33:36,160 --> 00:33:39,000
Speaker 2: sitting at four point two five percent. The Reserve Bank

753
00:33:39,040 --> 00:33:41,240
Speaker 2: Governor Adrian Or acknowledged it's been a tough time for

754
00:33:41,280 --> 00:33:42,320
Speaker 2: New Zealand ter.

755
00:33:42,520 --> 00:33:45,920
Speaker 10: R has you know, we've been doing it tough over

756
00:33:45,960 --> 00:33:51,000
Speaker 10: the last couple of years. We've been part responsible for that.

757
00:33:51,040 --> 00:33:55,480
Speaker 10: But the higher interest rate, you know, inflation is evil.

758
00:33:56,120 --> 00:33:58,320
Speaker 10: We have been making sure we can squeeze it out

759
00:33:58,360 --> 00:34:01,760
Speaker 10: of the economy. I know it's been challenging for many

760
00:34:01,920 --> 00:34:04,800
Speaker 10: many people and will continue to be so overcoming months.

761
00:34:04,880 --> 00:34:07,800
Speaker 2: Informatrix principal economist Brad Olson's with me. Now, hey, Brad,

762
00:34:08,360 --> 00:34:10,640
Speaker 2: good evening. Are you surprised they didn't think about seventy

763
00:34:10,680 --> 00:34:11,960
Speaker 2: five bases point cut at all.

764
00:34:12,880 --> 00:34:15,160
Speaker 22: I'm a little bit surprised they didn't really consider anything

765
00:34:15,160 --> 00:34:18,319
Speaker 22: apart from fifty. You know, the Governor highlighted in his

766
00:34:18,400 --> 00:34:20,719
Speaker 22: press conference that they sort of thought fifty was the

767
00:34:20,800 --> 00:34:22,680
Speaker 22: right place, and so they didn't really toss up doing

768
00:34:22,719 --> 00:34:25,600
Speaker 22: anything different. You know, they didn't toss up going smaller

769
00:34:25,640 --> 00:34:27,799
Speaker 22: at twenty five, they didn't toss up going larger at

770
00:34:27,800 --> 00:34:31,200
Speaker 22: seventy five. So fairly confident view from the Reserve Bank

771
00:34:31,200 --> 00:34:33,160
Speaker 22: that fifty was the right move, and look, I don't

772
00:34:33,200 --> 00:34:36,160
Speaker 22: think anyone will disagree that it's, you know, a healthy

773
00:34:36,600 --> 00:34:39,560
Speaker 22: decline that's coming through. The question I think for now

774
00:34:39,840 --> 00:34:42,480
Speaker 22: is we're to next and how quickly? There's now a

775
00:34:42,520 --> 00:34:45,520
Speaker 22: three month break before the Reserve Bank meets again. The

776
00:34:45,560 --> 00:34:48,200
Speaker 22: governors sort of seemed to imply or certainly didn't shoot

777
00:34:48,239 --> 00:34:51,360
Speaker 22: down the view that fifty basis points in February almost

778
00:34:51,360 --> 00:34:53,760
Speaker 22: seems to be the baseline case or the live option.

779
00:34:54,040 --> 00:34:56,319
Speaker 22: But a lot of economic forecast is wondering when do

780
00:34:56,360 --> 00:34:58,960
Speaker 22: we get back to those sort of more normal considered steps,

781
00:34:58,960 --> 00:35:01,879
Speaker 22: given the economy is already starting to show some early

782
00:35:01,920 --> 00:35:05,040
Speaker 22: signs of turning around. So right move today, very sensible

783
00:35:05,080 --> 00:35:07,640
Speaker 22: sort of pick and sort of but looking into the

784
00:35:08,000 --> 00:35:09,320
Speaker 22: future a bit more uncertain.

785
00:35:09,560 --> 00:35:11,840
Speaker 2: Yeah, what makes you think that he's considering a fifty

786
00:35:11,880 --> 00:35:14,200
Speaker 2: because it sounded like a twenty five to me in February.

787
00:35:15,080 --> 00:35:17,319
Speaker 22: Well, he sort of highlighted that actually, you know, when

788
00:35:17,400 --> 00:35:20,759
Speaker 22: he looked through the numbers, you know, he sort of

789
00:35:20,800 --> 00:35:23,800
Speaker 22: said fifty who felt right, and particularly considering the forward

790
00:35:23,800 --> 00:35:26,319
Speaker 22: track that leaves the door open for another fifty point cut.

791
00:35:26,360 --> 00:35:28,440
Speaker 22: I mean that that was his own words, so I

792
00:35:28,480 --> 00:35:31,520
Speaker 22: think he sort of opened They've got options, and that

793
00:35:31,640 --> 00:35:33,879
Speaker 22: is important because for such a long time it sort

794
00:35:33,880 --> 00:35:35,400
Speaker 22: of felt like we were always sort of on the

795
00:35:35,440 --> 00:35:37,840
Speaker 22: back foot. I think the Reserve Banks sort of wrestled

796
00:35:37,840 --> 00:35:40,640
Speaker 22: back a bit more control here, which is important. Inflation

797
00:35:41,320 --> 00:35:44,400
Speaker 22: now well under control, the unemployment rate increasing but not

798
00:35:44,560 --> 00:35:47,880
Speaker 22: quite as steeply as might have been fared again, interest

799
00:35:47,960 --> 00:35:50,919
Speaker 22: rates coming down, some early signs that spending is turning around,

800
00:35:51,000 --> 00:35:54,479
Speaker 22: so all of that will be encouraging for the bank.

801
00:35:54,520 --> 00:35:57,040
Speaker 22: But also you know, they've cut just how much potential

802
00:35:57,280 --> 00:35:59,360
Speaker 22: they think is out there in the economy in the future.

803
00:35:59,400 --> 00:36:01,360
Speaker 3: So still pretty difficult.

804
00:36:00,960 --> 00:36:04,719
Speaker 22: Times and people won't immediately refix onto those lower mortgage rates.

805
00:36:04,719 --> 00:36:06,560
Speaker 22: But again looking up over time.

806
00:36:06,800 --> 00:36:09,960
Speaker 2: Brad kee we Bank's argument is that at four point

807
00:36:09,960 --> 00:36:12,320
Speaker 2: twenty five, it's still restrictive, and even the Reserve Banks

808
00:36:12,400 --> 00:36:14,719
Speaker 2: governor said that himself today it's still a restrictive level.

809
00:36:14,719 --> 00:36:17,000
Speaker 2: He's still strangling the economy to an extent. Kee we

810
00:36:17,080 --> 00:36:18,759
Speaker 2: Bank reckons you have to get to about three point

811
00:36:18,840 --> 00:36:21,600
Speaker 2: five before it's neutral. What's the argument for keeping us

812
00:36:21,640 --> 00:36:24,120
Speaker 2: in a restrictive setting when we are so stuffed at

813
00:36:24,120 --> 00:36:25,560
Speaker 2: the moment you.

814
00:36:25,600 --> 00:36:27,279
Speaker 22: Know, I think the Reserve Bank is sort of also

815
00:36:27,360 --> 00:36:30,080
Speaker 22: pretty cautious, and they did outline in their statement today

816
00:36:30,080 --> 00:36:31,960
Speaker 22: as well they're sort of worry about some of those

817
00:36:32,480 --> 00:36:36,000
Speaker 22: inflationary pressures that could persist, could spike back up, but

818
00:36:36,040 --> 00:36:38,560
Speaker 22: more importantly some of that sort of more medium term

819
00:36:38,600 --> 00:36:40,719
Speaker 22: stuff where you don't sort of want to be sort

820
00:36:40,719 --> 00:36:42,640
Speaker 22: of going through. And we have seen this from the

821
00:36:42,640 --> 00:36:45,239
Speaker 22: Reserve Bank and you know, years gone past, where they

822
00:36:45,280 --> 00:36:47,239
Speaker 22: sort of either cut too much, raised too much and

823
00:36:47,280 --> 00:36:49,920
Speaker 22: then have to reverse out. But I think that the

824
00:36:50,239 --> 00:36:52,640
Speaker 22: big question, right is that if they go by fifty

825
00:36:53,239 --> 00:36:56,879
Speaker 22: again in February, that only leaves them maybe at one

826
00:36:56,960 --> 00:36:59,920
Speaker 22: more twenty five basis point cut. And I get the

827
00:37:00,000 --> 00:37:02,160
Speaker 22: the thing for that we're looking at at the moment

828
00:37:02,200 --> 00:37:05,080
Speaker 22: as economists is that fifty is still like a bigger move.

829
00:37:05,360 --> 00:37:07,240
Speaker 22: And so to go from sort of you know, fifty

830
00:37:07,280 --> 00:37:10,040
Speaker 22: then to twenty five then to just nothing would be

831
00:37:10,080 --> 00:37:12,759
Speaker 22: quite an abrupt maybe ento it. So again that sort

832
00:37:12,760 --> 00:37:14,879
Speaker 22: of question is does the rezume bent care if there's

833
00:37:15,200 --> 00:37:17,359
Speaker 22: an abrupt end or do they say, actually, look, we've

834
00:37:17,400 --> 00:37:19,560
Speaker 22: got interest rates back to where we want them to be.

835
00:37:20,120 --> 00:37:22,000
Speaker 22: And so if it's a fifty and then done.

836
00:37:22,080 --> 00:37:24,520
Speaker 2: Maybe that's it. Okay, well, Brad, thanks very much appreciated,

837
00:37:24,520 --> 00:37:26,840
Speaker 2: Brad Awlson informetrics principle economist.

838
00:37:26,880 --> 00:37:28,400
Speaker 3: Together do for Celen.

839
00:37:28,600 --> 00:37:30,760
Speaker 2: So, how New Zealand is cutting jobs and it's predicted

840
00:37:30,760 --> 00:37:32,919
Speaker 2: that the number will set it around fifteen hundred. Now

841
00:37:32,960 --> 00:37:36,000
Speaker 2: it itself hasn't confirmed the number, but the PSA, which

842
00:37:36,000 --> 00:37:38,479
Speaker 2: is the union, reckons that's about right. And as shock

843
00:37:38,560 --> 00:37:41,000
Speaker 2: and Shanka from the union is with us now a shock.

844
00:37:41,000 --> 00:37:43,400
Speaker 3: Hello, Hi, how are you?

845
00:37:43,440 --> 00:37:45,680
Speaker 2: I'm very well, thank you? So if I'm right, we

846
00:37:45,760 --> 00:37:48,439
Speaker 2: already have seven hundred vacancy. So we're really talking about

847
00:37:48,440 --> 00:37:49,799
Speaker 2: cuts of about eight hundred jobs.

848
00:37:49,840 --> 00:37:50,239
Speaker 3: Is that right?

849
00:37:50,920 --> 00:37:51,480
Speaker 11: Absolutely?

850
00:37:51,600 --> 00:37:52,960
Speaker 9: Yes, that's about right yet.

851
00:37:52,840 --> 00:37:55,719
Speaker 2: Okay, And the digital team, this seems like half the

852
00:37:55,760 --> 00:37:58,160
Speaker 2: digital team is being cut. And what's that that's like

853
00:37:58,200 --> 00:38:01,520
Speaker 2: eleven hundred people or something. Are you surprised how big that? Gamers?

854
00:38:03,080 --> 00:38:06,600
Speaker 11: The size of the team is two thousand, four hundred

855
00:38:06,600 --> 00:38:10,160
Speaker 11: and five. That's the exact number, Is that not quite

856
00:38:10,160 --> 00:38:14,600
Speaker 11: one thousand? Absolutely, one thousand, one hundred and twenty other

857
00:38:14,960 --> 00:38:20,359
Speaker 11: rolls are gone, yeah, obviously off that one thousand, one

858
00:38:20,400 --> 00:38:26,960
Speaker 11: hundred and twenty four hundred and sixty four were vacant roles,

859
00:38:27,560 --> 00:38:30,480
Speaker 11: but there were nonetheless roles that they were had chosen

860
00:38:30,560 --> 00:38:31,080
Speaker 11: not to fill.

861
00:38:31,520 --> 00:38:33,480
Speaker 2: I'm raising this with you because I want you to

862
00:38:33,560 --> 00:38:36,880
Speaker 2: convince me that you need two thousand and four hundred

863
00:38:36,920 --> 00:38:39,040
Speaker 2: digital guys in house New Zealand.

864
00:38:40,520 --> 00:38:44,319
Speaker 11: And we do at the moment with the type of

865
00:38:45,080 --> 00:38:48,280
Speaker 11: IT system we've got. As you know, we have inherit

866
00:38:48,800 --> 00:38:55,200
Speaker 11: inherited a IT system from twenty districts and when New

867
00:38:55,239 --> 00:39:00,040
Speaker 11: Zealand Health was formed, another seven agencies joined it to

868
00:39:00,680 --> 00:39:05,400
Speaker 11: and so you have twenty seven different IT systems. These

869
00:39:05,440 --> 00:39:08,919
Speaker 11: systems are not national systems. They don't talk to each other,

870
00:39:08,960 --> 00:39:11,520
Speaker 11: they do their own things. They have to be maintained.

871
00:39:11,680 --> 00:39:14,520
Speaker 11: There are legacy systems. They have not been updated for

872
00:39:14,600 --> 00:39:17,759
Speaker 11: a number of years and it doesn't seem like that

873
00:39:17,880 --> 00:39:22,759
Speaker 11: they will be updated in any anytime soon. So just

874
00:39:22,840 --> 00:39:27,160
Speaker 11: to maintain them and to make them do what they

875
00:39:27,200 --> 00:39:32,120
Speaker 11: need to do, you need these people to actually support it.

876
00:39:33,040 --> 00:39:37,840
Speaker 11: And we are really really worried about what this cuts

877
00:39:37,880 --> 00:39:38,440
Speaker 11: is going to do.

878
00:39:38,920 --> 00:39:42,080
Speaker 2: If these people are cut and we hire doctors and

879
00:39:42,160 --> 00:39:44,799
Speaker 2: nurses instead, would you complain about that or would you

880
00:39:44,800 --> 00:39:45,840
Speaker 2: be okay with the doctors?

881
00:39:45,840 --> 00:39:45,960
Speaker 10: No?

882
00:39:46,440 --> 00:39:51,280
Speaker 11: I mean if absolutely we would always welcome more. However,

883
00:39:51,560 --> 00:39:54,799
Speaker 11: for nurses and doctors to do their work, they need

884
00:39:54,840 --> 00:39:58,640
Speaker 11: to have people who can support them, who can provide

885
00:39:58,640 --> 00:40:02,160
Speaker 11: the data, the information, the eighty systems. If doctors and

886
00:40:02,239 --> 00:40:04,759
Speaker 11: nurses can work without that, it'd be great, wouldn't that.

887
00:40:05,120 --> 00:40:07,440
Speaker 11: But in the modern healthcare doesn't work like that.

888
00:40:07,640 --> 00:40:10,040
Speaker 2: Yeah, well, hey, thanks Ashock, I really appreciated Ashok Shanka,

889
00:40:10,120 --> 00:40:11,960
Speaker 2: who is from the Public Service Association.

890
00:40:12,560 --> 00:40:13,640
Speaker 3: Ever dup C L.

891
00:40:13,880 --> 00:40:16,520
Speaker 2: Colin reckons paper bags are twelve cents. Colin, where are

892
00:40:16,520 --> 00:40:19,040
Speaker 2: you getting paper bags for twelve cents from? You'll have

893
00:40:19,080 --> 00:40:21,279
Speaker 2: to tell me. Hit me with the text police now,

894
00:40:21,320 --> 00:40:23,080
Speaker 2: Mike King. Okay, you will have heard by now that

895
00:40:23,160 --> 00:40:26,000
Speaker 2: Mike King, there's an Official Information Act request that's revealed

896
00:40:26,040 --> 00:40:28,879
Speaker 2: that Mike King sent a very very very very very

897
00:40:28,920 --> 00:40:32,400
Speaker 2: long text to Matt Doocey, the Mental Health Minister. Was

898
00:40:32,440 --> 00:40:34,960
Speaker 2: five hundred words long, which is a very very long text,

899
00:40:35,760 --> 00:40:39,359
Speaker 2: and in it he explained to Matt Doocey why he

900
00:40:39,400 --> 00:40:41,040
Speaker 2: had said on this show, what he'd said, and what

901
00:40:41,040 --> 00:40:43,720
Speaker 2: he'd said, if you don't remember, is last month. Alcohol

902
00:40:43,840 --> 00:40:45,920
Speaker 2: is not a problem for people with mental health issues.

903
00:40:45,960 --> 00:40:48,319
Speaker 2: It's actually the solution to our problem. Until you come

904
00:40:48,400 --> 00:40:51,279
Speaker 2: up with a better solution. Now, the immediate reaction to

905
00:40:51,320 --> 00:40:53,359
Speaker 2: Mike King was to dump on him for saying that

906
00:40:53,800 --> 00:40:56,680
Speaker 2: and criticize him saying, you know there's no evidence. Well,

907
00:40:57,160 --> 00:40:59,719
Speaker 2: his text to Matt Doocey is actually jam packed with

908
00:40:59,760 --> 00:41:03,080
Speaker 2: ever apparently, so he basically he has a line that's

909
00:41:03,160 --> 00:41:06,440
Speaker 2: his evidence. And then he says to explain the self

910
00:41:06,480 --> 00:41:10,920
Speaker 2: medication hypothesis developed by doctor Edward Cancion, who proposed that

911
00:41:10,960 --> 00:41:13,920
Speaker 2: individuals often turn to drugs and alcohol to manage specific

912
00:41:14,000 --> 00:41:18,200
Speaker 2: psychological or emotional distress, particularly when other support or treatments

913
00:41:18,239 --> 00:41:21,960
Speaker 2: are unavailable, And then he includes numerous references to alcohol

914
00:41:21,960 --> 00:41:26,080
Speaker 2: and mental health studies, including research by g Allen, Marlott, Turner, Cooper,

915
00:41:26,080 --> 00:41:30,960
Speaker 2: and Saunder's study on anxiety and depression, Baker, Piper, McCarthy, Majeski,

916
00:41:31,040 --> 00:41:34,640
Speaker 2: and Fiory's review on negative reinforcement, and then concludes by

917
00:41:34,640 --> 00:41:37,800
Speaker 2: saying these studies remain credible and influential, continuing to shape

918
00:41:37,840 --> 00:41:41,840
Speaker 2: addiction addiction treatment approaches today. Now why I'm bringing this

919
00:41:41,960 --> 00:41:44,200
Speaker 2: to your attention is because I mean, you'd have to

920
00:41:44,200 --> 00:41:46,560
Speaker 2: actually go and read these studies to understand fully what

921
00:41:46,600 --> 00:41:49,120
Speaker 2: they say. But on the face of it, it doesn't

922
00:41:49,120 --> 00:41:51,880
Speaker 2: seem like Mike King went as went off quite as

923
00:41:51,920 --> 00:41:54,680
Speaker 2: half cocked as everybody was led to believe. And maybe

924
00:41:54,719 --> 00:41:58,000
Speaker 2: what he said was not only grounded, Maybe what he

925
00:41:58,040 --> 00:42:00,560
Speaker 2: said was not only grounded in his own personal experience,

926
00:42:00,840 --> 00:42:05,279
Speaker 2: but actually according to his text, some research, and maybe

927
00:42:05,320 --> 00:42:08,200
Speaker 2: if he is totally right, he deserves an apology for

928
00:42:08,239 --> 00:42:11,600
Speaker 2: how everybody dumped on him after that sixteen past five. Hey,

929
00:42:11,719 --> 00:42:13,759
Speaker 2: choice is good. Ah, well, at least that's what we've

930
00:42:13,800 --> 00:42:15,799
Speaker 2: all been told. But if anything like me, sometimes too

931
00:42:15,840 --> 00:42:18,880
Speaker 2: much choice can actually be overwhelming, especially when you're in

932
00:42:18,920 --> 00:42:21,560
Speaker 2: a small business with one thousand and one decisions to

933
00:42:21,560 --> 00:42:24,080
Speaker 2: make already. So to make life a little easier when

934
00:42:24,120 --> 00:42:25,759
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935
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936
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Speaker 2: the hassle out of keeping your business connected. You can

937
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938
00:42:36,160 --> 00:42:38,920
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939
00:42:39,080 --> 00:42:42,759
Speaker 2: Fiber or wireless. Both plans mean fast, reliable connectivity that

940
00:42:42,880 --> 00:42:45,520
Speaker 2: is essential for anyone doing business today, and both plans

941
00:42:45,800 --> 00:42:48,919
Speaker 2: come with unlimited data plus a smart WiFi modem which

942
00:42:48,960 --> 00:42:51,360
Speaker 2: means greater control over your network and better security to

943
00:42:51,360 --> 00:42:53,160
Speaker 2: help keep your business safe. And best of all, and

944
00:42:53,200 --> 00:42:55,000
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945
00:42:55,040 --> 00:42:57,920
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946
00:42:57,960 --> 00:43:01,080
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947
00:43:01,080 --> 00:43:04,360
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948
00:43:04,680 --> 00:43:06,319
Speaker 3: Ever do forel coming up.

949
00:43:06,280 --> 00:43:09,080
Speaker 2: Twenty past five. Now, surprise, surprise, the Black Friday deals

950
00:43:09,080 --> 00:43:10,920
Speaker 2: aren't what you expected. We've got some data for you.

951
00:43:11,239 --> 00:43:13,799
Speaker 2: Price me has found that of the one hundred most

952
00:43:13,920 --> 00:43:17,400
Speaker 2: popular products in the Black Friday sales last year, seventy

953
00:43:17,440 --> 00:43:20,719
Speaker 2: six percent of them were cheaper on other days of

954
00:43:20,760 --> 00:43:24,200
Speaker 2: the year rather than Black Friday. Price me CEO's Gavin Mail, Hey.

955
00:43:24,040 --> 00:43:25,560
Speaker 9: Gavin, Hello.

956
00:43:25,640 --> 00:43:28,200
Speaker 2: Seven seventy six percent is a lot. Did that surprise you?

957
00:43:30,040 --> 00:43:32,680
Speaker 9: Yeah it did, But basically it just goes to show

958
00:43:32,680 --> 00:43:34,359
Speaker 9: there's always a sale on out there.

959
00:43:34,520 --> 00:43:36,719
Speaker 2: Yeah, now what days? What are the days that they

960
00:43:36,719 --> 00:43:38,520
Speaker 2: were actually cheaper on than Black Friday?

961
00:43:39,280 --> 00:43:42,479
Speaker 9: Ah, so various times for various different products. So we

962
00:43:42,719 --> 00:43:46,120
Speaker 9: covered a whole range of different products in those one

963
00:43:46,200 --> 00:43:50,840
Speaker 9: hundred So Boxing day is still is still Sorry, the

964
00:43:51,239 --> 00:43:53,759
Speaker 9: key we go to for shopping. That was still a

965
00:43:53,800 --> 00:43:56,240
Speaker 9: slightly more popular day than Black Friday on our site

966
00:43:56,360 --> 00:43:56,839
Speaker 9: last year.

967
00:43:58,040 --> 00:44:00,319
Speaker 2: Is it necessarily cheaper than blackri.

968
00:44:02,280 --> 00:44:06,480
Speaker 9: It's basically I suppose. The point is that deals are

969
00:44:06,480 --> 00:44:09,000
Speaker 9: always available, so it pays to sort of compare and

970
00:44:09,040 --> 00:44:12,160
Speaker 9: to check those prices of everything throughout the year, because

971
00:44:12,200 --> 00:44:16,080
Speaker 9: there could always be one shop online that's got just

972
00:44:16,520 --> 00:44:18,880
Speaker 9: I don't know, they're having an anniversary birthday sale for

973
00:44:18,920 --> 00:44:21,720
Speaker 9: their own for their own brand. So there's always different

974
00:44:21,760 --> 00:44:23,160
Speaker 9: deals out there at different times.

975
00:44:23,280 --> 00:44:25,640
Speaker 2: Hey, so what kind of price are we talking about here?

976
00:44:25,680 --> 00:44:27,439
Speaker 2: Is there anything in particular that we should be quite

977
00:44:27,480 --> 00:44:28,080
Speaker 2: worried about.

978
00:44:29,280 --> 00:44:31,520
Speaker 9: Yeah, so there's two sort of methods of pricing. I

979
00:44:31,560 --> 00:44:35,960
Speaker 9: suppose that retailers used it's yo yo pricing, where literally

980
00:44:36,000 --> 00:44:38,520
Speaker 9: it goes top to bottom like a yo yo, so

981
00:44:38,800 --> 00:44:42,160
Speaker 9: they go up and down throughout the year. And then

982
00:44:42,239 --> 00:44:45,800
Speaker 9: sort of a more I suppose darker sort of method

983
00:44:45,800 --> 00:44:48,480
Speaker 9: would be something like roller coaster pricing, where basically the

984
00:44:48,520 --> 00:44:52,759
Speaker 9: prices are slowly increased up until a major discount time

985
00:44:52,800 --> 00:44:55,920
Speaker 9: where they're then dropped suddenly like that first first bit

986
00:44:55,960 --> 00:44:56,760
Speaker 9: on a roller coaster.

987
00:44:56,920 --> 00:44:58,680
Speaker 2: Yeah, Gavin, listen, thanks very much, for running us sort

988
00:44:58,719 --> 00:45:02,040
Speaker 2: Gavin Mail, CEO of Price, Heather Remarke king, isn't it

989
00:45:02,080 --> 00:45:04,640
Speaker 2: interesting that someone with real world experience and at the

990
00:45:04,640 --> 00:45:07,000
Speaker 2: frontline might actually know more than the so called experts.

991
00:45:07,680 --> 00:45:10,640
Speaker 2: Quite okay, listen, gonna talk about Wellington City Council after

992
00:45:10,640 --> 00:45:13,320
Speaker 2: what happened yesterday, stand by five twenty two.

993
00:45:13,320 --> 00:45:17,200
Speaker 1: Heather Duplicy Allen cutting through the noise to get the facts.

994
00:45:17,600 --> 00:45:21,320
Speaker 1: It's Heather Duplicy Allen drive with one New Zealand let's

995
00:45:21,360 --> 00:45:23,480
Speaker 1: get connected and news talk as there'd.

996
00:45:23,200 --> 00:45:25,800
Speaker 2: Be five four. Okay, do me a favor and cast

997
00:45:25,840 --> 00:45:27,759
Speaker 2: your mind back to when sime and Brown ordered that

998
00:45:27,840 --> 00:45:30,840
Speaker 2: observer to go into Wellington City Council. Do you remember

999
00:45:30,840 --> 00:45:32,360
Speaker 2: how at the time, so he ordered them in and

1000
00:45:32,360 --> 00:45:34,840
Speaker 2: then all of a sudden everybody's like, oooh, we're not

1001
00:45:34,960 --> 00:45:38,680
Speaker 2: actually sure Simeon if you've got if you've got grounds too,

1002
00:45:38,680 --> 00:45:41,640
Speaker 2: this feels like a really weak case. Remember that. Well,

1003
00:45:42,120 --> 00:45:44,520
Speaker 2: take a look at what happened at Wellington City Council's

1004
00:45:44,560 --> 00:45:46,680
Speaker 2: meeting yesterday and then tell me that you still think

1005
00:45:46,719 --> 00:45:48,800
Speaker 2: he hasn't got a case to have sent an observer

1006
00:45:48,880 --> 00:45:52,000
Speaker 2: in because that council cannot tell us today how much

1007
00:45:52,040 --> 00:45:55,880
Speaker 2: money they actually saved yesterday in a meeting that was

1008
00:45:55,960 --> 00:45:59,720
Speaker 2: called specifically for the purpose of saving money. How crazy

1009
00:45:59,760 --> 00:46:02,560
Speaker 2: is that? So that they sat down they were supposed

1010
00:46:02,600 --> 00:46:05,440
Speaker 2: to cut enough projects to save five hundred million dollars,

1011
00:46:05,800 --> 00:46:08,040
Speaker 2: and today when we're asking them, okay, how much did

1012
00:46:08,040 --> 00:46:10,960
Speaker 2: you save, they're all giving us different stories. The council

1013
00:46:11,000 --> 00:46:14,560
Speaker 2: tells us they may have maybe saved four hundred million dollars.

1014
00:46:15,120 --> 00:46:18,440
Speaker 2: The mayor tells us they saved two hundred and eighty

1015
00:46:18,480 --> 00:46:21,440
Speaker 2: million dollars. And Councilor Tony Randall, who was on the

1016
00:46:21,440 --> 00:46:24,040
Speaker 2: show last night, says, to be honest, he's actually not

1017
00:46:24,080 --> 00:46:26,160
Speaker 2: sure and he's a numbers guy, but he thinks that

1018
00:46:26,239 --> 00:46:29,080
Speaker 2: some of the projects actually went up in price yesterday.

1019
00:46:29,480 --> 00:46:32,360
Speaker 2: Now that's crazy. How do you all around one council

1020
00:46:32,440 --> 00:46:35,120
Speaker 2: table sit down to do one job, which is to

1021
00:46:35,160 --> 00:46:38,600
Speaker 2: cut five hundred million dollars and you're not sure at

1022
00:46:38,600 --> 00:46:39,880
Speaker 2: the end of it when you manage to get there

1023
00:46:39,920 --> 00:46:43,520
Speaker 2: or not. How crazy is that? And what's more, Tory

1024
00:46:43,560 --> 00:46:45,640
Speaker 2: Farno today is now saying, oh, it doesn't matter that

1025
00:46:45,640 --> 00:46:47,480
Speaker 2: we didn't get to five hundred million dollars. Actually two

1026
00:46:47,520 --> 00:46:50,600
Speaker 2: hundred and eighty million dollars was enough? What that's just

1027
00:46:50,680 --> 00:46:53,799
Speaker 2: like it's like a tiny tiny bit above halfway. That's

1028
00:46:53,800 --> 00:46:57,319
Speaker 2: not nearly enough. Since when is it urgent to cut

1029
00:46:57,360 --> 00:46:58,839
Speaker 2: that much money? But when you get just a little

1030
00:46:58,840 --> 00:47:01,600
Speaker 2: bit more than a halfway, you gus probably enough actually.

1031
00:47:02,120 --> 00:47:04,719
Speaker 2: And also, just while we're at the numbers, how is

1032
00:47:04,760 --> 00:47:06,800
Speaker 2: it that the amount that they've had to save it

1033
00:47:06,880 --> 00:47:09,600
Speaker 2: has just changed constantly? I think this is really dodgy.

1034
00:47:09,600 --> 00:47:11,920
Speaker 2: As I said to you yesterday, back in October, we

1035
00:47:11,920 --> 00:47:14,800
Speaker 2: were told they needed to urgently save six hundred million dollars.

1036
00:47:15,280 --> 00:47:17,680
Speaker 2: Yesterday that figure had dropped to five hundred million dollars.

1037
00:47:17,680 --> 00:47:19,440
Speaker 2: And then today, apparently according to the mayor, the figures

1038
00:47:19,440 --> 00:47:21,160
Speaker 2: now dropped two hundred and eighty million dollars. What the

1039
00:47:21,200 --> 00:47:22,000
Speaker 2: hell is going on here?

1040
00:47:22,480 --> 00:47:22,680
Speaker 14: Now?

1041
00:47:22,719 --> 00:47:26,320
Speaker 2: This to me is alarming because it never mind the squabbles,

1042
00:47:26,320 --> 00:47:28,640
Speaker 2: never mind the ideology and the mayor's obsession with spending

1043
00:47:28,640 --> 00:47:30,400
Speaker 2: a huge amount of money getting cars out of the

1044
00:47:30,400 --> 00:47:32,279
Speaker 2: Golden Mile. We can debate all of that stuff, but

1045
00:47:32,320 --> 00:47:34,360
Speaker 2: put all of that stuff aside. Put all of that

1046
00:47:34,400 --> 00:47:37,280
Speaker 2: stuff aside, and then tell me, do you have confidence

1047
00:47:37,320 --> 00:47:39,640
Speaker 2: in a council that sits down to cut projects to

1048
00:47:39,680 --> 00:47:41,920
Speaker 2: save money and then it doesn't know at the end

1049
00:47:41,920 --> 00:47:44,200
Speaker 2: of the meeting whether it's actually saved enough money. No,

1050
00:47:44,600 --> 00:47:46,760
Speaker 2: me neither. I do not have confidence in this process.

1051
00:47:46,760 --> 00:47:48,319
Speaker 2: I don't want to just blame the councils. I feel

1052
00:47:48,360 --> 00:47:49,480
Speaker 2: like there's a lot of stuff going on with the

1053
00:47:49,480 --> 00:47:52,520
Speaker 2: council officials as well, and some dodgy stuff going on there.

1054
00:47:53,239 --> 00:47:56,279
Speaker 2: But right now that observer looks like a placeholder. And

1055
00:47:56,280 --> 00:47:59,160
Speaker 2: as someone said to me yesterday, Santa is bringing Wellington

1056
00:47:59,239 --> 00:48:00,960
Speaker 2: City councilor mission.

1057
00:48:01,280 --> 00:48:03,480
Speaker 3: For Heather duplicy Allen, here's.

1058
00:48:03,280 --> 00:48:06,319
Speaker 2: The craziest idea that I've heard all day. There's a

1059
00:48:06,360 --> 00:48:07,600
Speaker 2: plan to move Westport.

1060
00:48:07,840 --> 00:48:08,160
Speaker 3: Yeah.

1061
00:48:08,239 --> 00:48:11,480
Speaker 2: The entire town problem is, of course, the Buller River floods, right,

1062
00:48:11,480 --> 00:48:13,640
Speaker 2: and it's flooded in twenty one, flooded in twenty two,

1063
00:48:13,680 --> 00:48:15,400
Speaker 2: and it is going to flood again. They're building a

1064
00:48:15,440 --> 00:48:18,160
Speaker 2: wall between Buller River and Westport. But now they're thinking

1065
00:48:18,160 --> 00:48:21,520
Speaker 2: about just like completely shifting the whole place. And there's

1066
00:48:21,640 --> 00:48:24,000
Speaker 2: they'd have to give this the town some land and stuff.

1067
00:48:24,000 --> 00:48:25,279
Speaker 2: So I'll run you through the details and I'm going

1068
00:48:25,320 --> 00:48:27,200
Speaker 2: to talk to the mayor about that after six pretty

1069
00:48:27,200 --> 00:48:28,800
Speaker 2: crazy Headline's.

1070
00:48:28,400 --> 00:48:33,600
Speaker 1: Next hard questions strong opinion.

1071
00:48:33,760 --> 00:48:35,200
Speaker 3: Heather Dupleice Ellen.

1072
00:48:35,040 --> 00:48:38,359
Speaker 1: Drive with one New Zealand let's get connected and used

1073
00:48:38,360 --> 00:48:39,200
Speaker 1: talk as that'd be.

1074
00:48:42,160 --> 00:48:49,520
Speaker 3: The coward.

1075
00:48:52,200 --> 00:48:54,120
Speaker 2: I've got to hit you across what the Labor Party

1076
00:48:54,200 --> 00:48:57,319
Speaker 2: is just doing. It's actually it's actually quite interesting. And

1077
00:48:57,320 --> 00:48:59,880
Speaker 2: the huddle standing by. We have got Jack Tame and

1078
00:49:00,200 --> 00:49:02,120
Speaker 2: Mills with us this evening right now. It's coming up

1079
00:49:02,120 --> 00:49:04,239
Speaker 2: twenty four away from six now. Listen, paper bags at

1080
00:49:04,239 --> 00:49:07,600
Speaker 2: the supermarke. Okay, here on our staff at newstalg ZB,

1081
00:49:07,680 --> 00:49:10,120
Speaker 2: we've got someone who's very upset about the exorbitant cost

1082
00:49:10,120 --> 00:49:12,319
Speaker 2: of paper bags at the supermarket, so much so that

1083
00:49:12,360 --> 00:49:14,800
Speaker 2: it has caused all kinds of commentary all day and

1084
00:49:14,840 --> 00:49:17,040
Speaker 2: a column in the Herald and everything. Now, what's going

1085
00:49:17,080 --> 00:49:19,360
Speaker 2: on is Woolworths is charging you thirty nine cents a

1086
00:49:19,360 --> 00:49:22,239
Speaker 2: pop for your paper bags at the moment. They won't

1087
00:49:22,239 --> 00:49:23,920
Speaker 2: tell us how much of that is a profit that

1088
00:49:23,920 --> 00:49:26,200
Speaker 2: they're making. The person who is upset is of course

1089
00:49:26,239 --> 00:49:30,040
Speaker 2: newstalg ZB Early Edition host Ryan Bridge. Hello, Ryan, Hey, Heather?

1090
00:49:30,200 --> 00:49:30,919
Speaker 4: Hell are you yeah?

1091
00:49:30,920 --> 00:49:31,080
Speaker 3: Good?

1092
00:49:31,120 --> 00:49:33,000
Speaker 2: Thank you know? What's your problem here? Because you've got

1093
00:49:33,040 --> 00:49:35,440
Speaker 2: a lot of problems, but is your primary problem that

1094
00:49:35,480 --> 00:49:37,960
Speaker 2: you think they're making money on these bags off us.

1095
00:49:38,600 --> 00:49:41,600
Speaker 23: No, just that they're annoying. They're annoying. They don't carry

1096
00:49:41,640 --> 00:49:44,480
Speaker 23: what you need. Have you ever tried putting, like to

1097
00:49:44,600 --> 00:49:47,760
Speaker 23: get anything else? For get eggs, forget anything. Just milk,

1098
00:49:48,480 --> 00:49:51,040
Speaker 23: Just put a two letter bottle of slippery, wet milk

1099
00:49:51,080 --> 00:49:51,880
Speaker 23: into this thing.

1100
00:49:51,800 --> 00:49:53,239
Speaker 3: And then it really I can't handle it.

1101
00:49:53,239 --> 00:49:54,919
Speaker 23: By the day, by the time you get to your car,

1102
00:49:55,000 --> 00:49:57,440
Speaker 23: it's all over the floor and you've actually got to

1103
00:49:57,480 --> 00:49:58,640
Speaker 23: carry it like a baby.

1104
00:49:58,920 --> 00:50:01,120
Speaker 14: The number of times I've will out like it almost.

1105
00:50:00,840 --> 00:50:02,120
Speaker 16: Like I've got triplets.

1106
00:50:02,120 --> 00:50:04,480
Speaker 23: If you've got three bags, you know you're carrying it,

1107
00:50:04,520 --> 00:50:07,120
Speaker 23: You're waddling through the car park. It's like it's just

1108
00:50:07,200 --> 00:50:09,560
Speaker 23: mission impossible. And I know people will say, bring your

1109
00:50:09,560 --> 00:50:11,680
Speaker 23: own bags, but I don't care.

1110
00:50:12,280 --> 00:50:13,960
Speaker 2: Hang on, hang on, can't you buy those? You can

1111
00:50:13,960 --> 00:50:15,560
Speaker 2: get the flash ones at the counter as well, you

1112
00:50:15,600 --> 00:50:16,839
Speaker 2: know the ones that are like if you're at all

1113
00:50:16,840 --> 00:50:18,680
Speaker 2: worth the green ones, they cost you maybe like a

1114
00:50:18,719 --> 00:50:19,720
Speaker 2: dollar or so, I don't.

1115
00:50:19,560 --> 00:50:22,439
Speaker 23: Know, Yeah, but then that's a dollar. Then that's three

1116
00:50:22,520 --> 00:50:24,719
Speaker 23: dollars for three bags. And then I'll and then I'll

1117
00:50:24,760 --> 00:50:26,439
Speaker 23: forget and I'll be back again.

1118
00:50:26,719 --> 00:50:27,960
Speaker 4: That's three bucks every time I go.

1119
00:50:29,040 --> 00:50:32,000
Speaker 2: I suspect that your primary problem, because, like I said,

1120
00:50:32,000 --> 00:50:34,440
Speaker 2: there's a lot here. Your primary problem is you actually

1121
00:50:34,440 --> 00:50:39,200
Speaker 2: want the plastic bags bag. Well, just sort of just

1122
00:50:39,239 --> 00:50:41,719
Speaker 2: say it, right, I sort of do.

1123
00:50:42,239 --> 00:50:45,120
Speaker 23: I mean, I understand. Look, apparently there's one hundred and

1124
00:50:45,160 --> 00:50:47,960
Speaker 23: fifty million plastic bags not in the ocean because we're

1125
00:50:48,000 --> 00:50:50,680
Speaker 23: doing this, et cetera. But if you look at it globally,

1126
00:50:51,160 --> 00:50:53,800
Speaker 23: are we are we ridding the oceans of plastic?

1127
00:50:53,920 --> 00:50:54,000
Speaker 7: No?

1128
00:50:54,280 --> 00:50:57,800
Speaker 23: Is New Zealand doing It's a little tiny bit, yes,

1129
00:50:58,000 --> 00:51:00,239
Speaker 23: a slither of a slither? Is that making? And an

1130
00:51:00,280 --> 00:51:01,160
Speaker 23: osor of difference?

1131
00:51:01,320 --> 00:51:01,360
Speaker 7: No?

1132
00:51:02,200 --> 00:51:05,640
Speaker 23: So can I have three plastic bags when I go

1133
00:51:05,719 --> 00:51:06,680
Speaker 23: shopping next place?

1134
00:51:08,520 --> 00:51:10,200
Speaker 2: I'm kind of with you, I've gotta be honest, I'm

1135
00:51:10,239 --> 00:51:12,719
Speaker 2: kind of with you because at least the plastic bags

1136
00:51:12,719 --> 00:51:14,640
Speaker 2: you could get, like did you ever buy those like

1137
00:51:14,719 --> 00:51:17,359
Speaker 2: long sock things and you can like ram them in, right,

1138
00:51:17,400 --> 00:51:19,680
Speaker 2: and so you ended up with a gigantic stuffed kind

1139
00:51:19,719 --> 00:51:22,840
Speaker 2: of yeah, And it was much more efficient to store

1140
00:51:22,880 --> 00:51:24,880
Speaker 2: your plastic bags in that long sock than it is

1141
00:51:24,920 --> 00:51:28,000
Speaker 2: to try and keep all of these awful brown paper bags.

1142
00:51:28,040 --> 00:51:29,120
Speaker 2: I've got a stack of them.

1143
00:51:29,840 --> 00:51:30,560
Speaker 14: Well, that's the thing.

1144
00:51:30,560 --> 00:51:34,200
Speaker 23: And also do you actually reuse the because I definitely

1145
00:51:34,320 --> 00:51:37,120
Speaker 23: used to reuse the plastic ones. Yeah, but you use

1146
00:51:37,160 --> 00:51:39,520
Speaker 23: them and use them all sorts of things. But I

1147
00:51:39,640 --> 00:51:42,360
Speaker 23: do not. I don't think I've ever reused a paper

1148
00:51:42,719 --> 00:51:46,040
Speaker 23: no no in my life and then torn to shreds.

1149
00:51:46,120 --> 00:51:48,080
Speaker 2: And then what I do is sort of every few months,

1150
00:51:48,120 --> 00:51:50,359
Speaker 2: I take out like a whole bunch of them and

1151
00:51:50,480 --> 00:51:53,160
Speaker 2: chuck them in the bin. And it is a lot, Ryan,

1152
00:51:53,200 --> 00:51:54,120
Speaker 2: there's a lot of paper.

1153
00:51:54,960 --> 00:51:55,600
Speaker 24: Yeah, I know.

1154
00:51:55,719 --> 00:51:59,879
Speaker 23: And I mean and the worst part, Heather, actually, yeah,

1155
00:52:00,080 --> 00:52:01,080
Speaker 23: mentioned my biggest problem.

1156
00:52:01,239 --> 00:52:02,600
Speaker 2: You've got a big problem here.

1157
00:52:02,640 --> 00:52:07,279
Speaker 23: I could go, they're printing little Christmas trees on these

1158
00:52:07,280 --> 00:52:11,880
Speaker 23: paper bags now for Christmas, so you'll to save the planet.

1159
00:52:11,960 --> 00:52:16,080
Speaker 23: We're chopping down trees to make bags and then printing

1160
00:52:16,280 --> 00:52:18,279
Speaker 23: little trees on top of them.

1161
00:52:18,560 --> 00:52:19,719
Speaker 7: I mean, it just makes no sense.

1162
00:52:20,560 --> 00:52:23,000
Speaker 2: I did that. I couldn't understand why that was upsetting

1163
00:52:23,040 --> 00:52:25,240
Speaker 2: for you other than maybe you just like ragroot.

1164
00:52:26,200 --> 00:52:26,359
Speaker 14: Well.

1165
00:52:26,400 --> 00:52:29,440
Speaker 23: The cost, I mean that is because that's the cheapest

1166
00:52:29,480 --> 00:52:32,319
Speaker 23: bag that you can buy as far as I'm aware.

1167
00:52:32,360 --> 00:52:33,239
Speaker 23: The chi which just.

1168
00:52:33,160 --> 00:52:35,680
Speaker 2: Goes to show Ryan how much they're ripping you off,

1169
00:52:35,719 --> 00:52:37,400
Speaker 2: but with a margin that they're putting on it right

1170
00:52:37,400 --> 00:52:39,600
Speaker 2: if they can afford to them print it. They're not

1171
00:52:39,640 --> 00:52:40,799
Speaker 2: doing it that cheap?

1172
00:52:40,840 --> 00:52:42,680
Speaker 23: Are they give me plastic?

1173
00:52:42,920 --> 00:52:43,560
Speaker 21: Give me plastic?

1174
00:52:43,560 --> 00:52:44,200
Speaker 23: I'm sick of it?

1175
00:52:46,200 --> 00:52:49,160
Speaker 2: Thank you, Ryan, appreciate it. I knew it was about

1176
00:52:49,160 --> 00:52:51,719
Speaker 2: the plastic. In the end, Ryan Bridge News dogs'd be

1177
00:52:51,760 --> 00:52:54,600
Speaker 2: early edition host. Let me run you we're going to

1178
00:52:54,640 --> 00:52:56,440
Speaker 2: go to the huddle before we do. Let me run

1179
00:52:56,520 --> 00:52:58,879
Speaker 2: you really quickly through what the Labour Party is doing.

1180
00:52:59,200 --> 00:53:02,200
Speaker 2: So do you remember back in twenty twenty three, just

1181
00:53:02,239 --> 00:53:04,680
Speaker 2: before the election, they were talking about the possibility of

1182
00:53:04,760 --> 00:53:06,560
Speaker 2: having a wealth tax and then Chippy did a captain's

1183
00:53:06,600 --> 00:53:08,360
Speaker 2: call and he's like, nah, no wealth tax and that

1184
00:53:08,880 --> 00:53:12,520
Speaker 2: made David Parker very upset. Grant Robertson very upsets. David

1185
00:53:12,600 --> 00:53:14,880
Speaker 2: was so upset he resigned the Revenue portfolio if you

1186
00:53:14,880 --> 00:53:18,640
Speaker 2: remember correctly. Anyway, the Labor Party is itself so upset

1187
00:53:18,680 --> 00:53:20,719
Speaker 2: about it, it now wants to stop the leader from

1188
00:53:20,760 --> 00:53:22,920
Speaker 2: being able to do things like that make captain's calls,

1189
00:53:23,120 --> 00:53:24,960
Speaker 2: because they're going to have their meeting this weekend and

1190
00:53:25,000 --> 00:53:26,239
Speaker 2: one of the things that there is up for a

1191
00:53:26,280 --> 00:53:29,399
Speaker 2: bit of a debate is whether they banned the leader

1192
00:53:29,400 --> 00:53:32,120
Speaker 2: from being able to do that and instead, in order

1193
00:53:32,200 --> 00:53:35,160
Speaker 2: to change anything that's already in the manifesto, the leader

1194
00:53:35,200 --> 00:53:37,480
Speaker 2: would have to consult with not only the caucus that's

1195
00:53:37,680 --> 00:53:41,520
Speaker 2: everybody in Parliament, all the Labor Party MP's in Parliament,

1196
00:53:41,640 --> 00:53:45,239
Speaker 2: but also with the Policy Council and what luminaries do

1197
00:53:45,320 --> 00:53:49,200
Speaker 2: we have on the Policy Council. Georgie Dansey, Remember Georgie Dansey,

1198
00:53:49,239 --> 00:53:51,200
Speaker 2: the one who was in Hamilton West who turned up

1199
00:53:51,200 --> 00:53:53,760
Speaker 2: at the protest protesting I think was was she protesting

1200
00:53:53,760 --> 00:53:56,279
Speaker 2: her own minister or something like that? Anyway, famous for

1201
00:53:56,320 --> 00:54:01,120
Speaker 2: that Michael would the worst rantsport minister in the history

1202
00:54:01,120 --> 00:54:03,919
Speaker 2: of the country. And also Craig Reennie, the CTU Chief

1203
00:54:03,920 --> 00:54:07,040
Speaker 2: economist who pretends to be neutral but isn't. So they

1204
00:54:07,080 --> 00:54:09,239
Speaker 2: would then be able to decide what would happen or not.

1205
00:54:10,040 --> 00:54:12,200
Speaker 2: It seems it's only coming from one region, which is

1206
00:54:12,239 --> 00:54:14,640
Speaker 2: Region one Northland to Aucklands are probably going to be

1207
00:54:14,719 --> 00:54:17,520
Speaker 2: voted down, but interesting they want to stop their leaders

1208
00:54:17,520 --> 00:54:19,960
Speaker 2: from basically being able to do that. Nineteen away from.

1209
00:54:19,800 --> 00:54:24,200
Speaker 1: Six the Huddle with New Zealand Tutherby's International Realty, Local

1210
00:54:24,239 --> 00:54:25,759
Speaker 1: and Global Exposure like.

1211
00:54:25,880 --> 00:54:28,240
Speaker 2: Noah Hey, Jack Tame, host of Q and A Saturday

1212
00:54:28,239 --> 00:54:30,960
Speaker 2: mornings here on newstalk ZBI and Nick Mills, Wellington Morning's host,

1213
00:54:31,040 --> 00:54:31,480
Speaker 2: both of you.

1214
00:54:31,600 --> 00:54:35,799
Speaker 4: Welcome, killed good morning, All right, good evening. Sorry I'm

1215
00:54:35,800 --> 00:54:36,960
Speaker 4: still thinking I'm doing my show.

1216
00:54:37,440 --> 00:54:39,760
Speaker 2: Well I still reckon I go with afternoon at the stage.

1217
00:54:39,840 --> 00:54:43,759
Speaker 4: Nick, No, it's evening.

1218
00:54:42,600 --> 00:54:45,160
Speaker 2: Okay, I didn't know that was the rule, but it's

1219
00:54:45,160 --> 00:54:47,319
Speaker 2: good to know. What do you think about the paper bags?

1220
00:54:48,000 --> 00:54:49,640
Speaker 4: Well, you see, I've got a great system.

1221
00:54:49,680 --> 00:54:53,160
Speaker 25: My office manager, she loves her local hospice shop and

1222
00:54:53,200 --> 00:54:55,560
Speaker 25: they're always after paper bags. So we have a little

1223
00:54:55,880 --> 00:54:58,479
Speaker 25: thing in our office where we all bring our used

1224
00:54:58,840 --> 00:55:01,080
Speaker 25: bags and she folds them up and take them to the.

1225
00:55:01,000 --> 00:55:01,919
Speaker 4: Local hospice shop.

1226
00:55:02,040 --> 00:55:05,360
Speaker 25: So I'm a little bit on a different side of

1227
00:55:05,360 --> 00:55:07,720
Speaker 25: the fence to Ryan on that one, but I understand totally.

1228
00:55:07,800 --> 00:55:09,279
Speaker 25: You know what happened to me a couple of weeks ago,

1229
00:55:09,400 --> 00:55:12,400
Speaker 25: someone from our family ordered a great, big dinner at

1230
00:55:12,440 --> 00:55:15,080
Speaker 25: at a very upmarket Chinese restaurant. I paid for it

1231
00:55:15,080 --> 00:55:16,920
Speaker 25: and everything. I went to pick it up and I

1232
00:55:16,960 --> 00:55:18,319
Speaker 25: saw I'm not going to be able to carry this,

1233
00:55:18,400 --> 00:55:20,919
Speaker 25: and the lady said, would you like a plastic paper bag?

1234
00:55:20,960 --> 00:55:21,800
Speaker 7: And I said yes, please.

1235
00:55:22,040 --> 00:55:24,040
Speaker 4: She said thirty cents after.

1236
00:55:23,840 --> 00:55:26,040
Speaker 25: Spending one hundred and forty dollars on meals they wanted

1237
00:55:26,080 --> 00:55:27,960
Speaker 25: to charge and I didn't have any casual change on

1238
00:55:28,000 --> 00:55:30,040
Speaker 25: me so I had to f bos thirty cents.

1239
00:55:30,080 --> 00:55:31,120
Speaker 4: Now is that pathetic?

1240
00:55:32,080 --> 00:55:35,360
Speaker 2: That is pathetic? But I okay, that is pathetic, and

1241
00:55:35,360 --> 00:55:37,239
Speaker 2: that is a fair point. But that is basically jack,

1242
00:55:37,280 --> 00:55:39,680
Speaker 2: what supermarkets are doing. Because you got forty cents for

1243
00:55:39,719 --> 00:55:41,440
Speaker 2: a paper bag is too much. They are making a

1244
00:55:41,480 --> 00:55:42,400
Speaker 2: massive profit on that.

1245
00:55:42,760 --> 00:55:44,759
Speaker 26: Yeah, I mean you have to myself, what is the

1246
00:55:44,800 --> 00:55:46,960
Speaker 26: purpose of charging us that much? Is it so they

1247
00:55:46,960 --> 00:55:48,960
Speaker 26: can turn a profit or is it so that they

1248
00:55:49,000 --> 00:55:52,080
Speaker 26: can try and encourage us to be less wasteful in

1249
00:55:52,200 --> 00:55:54,960
Speaker 26: our consumption? Because I would argue that actually that second

1250
00:55:55,000 --> 00:56:00,000
Speaker 26: point isn't the responsibility of the supermakets. Like we've got

1251
00:56:00,040 --> 00:56:02,640
Speaker 26: the policy with ban plastic bags of policy which I

1252
00:56:02,760 --> 00:56:05,120
Speaker 26: tend to disagree with Ryan on. I actually think even

1253
00:56:05,160 --> 00:56:09,920
Speaker 26: though New Zealand's contribution to the ocean's pollution probably hasn't

1254
00:56:10,360 --> 00:56:13,720
Speaker 26: made a massive dent in in terms of the global

1255
00:56:13,719 --> 00:56:15,920
Speaker 26: plastic pollution, I just think it's so much nicer not

1256
00:56:15,960 --> 00:56:18,680
Speaker 26: having plastic bags blowing around in the street and the

1257
00:56:18,840 --> 00:56:22,160
Speaker 26: rivers and all that kind of stuff. That being said,

1258
00:56:22,760 --> 00:56:26,239
Speaker 26: you know, this is not the responsibility of the supermarkets.

1259
00:56:26,280 --> 00:56:28,799
Speaker 26: That was the decision whereby we decided we were doing

1260
00:56:28,800 --> 00:56:32,520
Speaker 26: the right thing for the environment. Surely the supermarket's responsibilities

1261
00:56:32,560 --> 00:56:35,239
Speaker 26: actually to make things as convenient as possible for us,

1262
00:56:35,280 --> 00:56:37,840
Speaker 26: whilst doing it in a relatively ecologically sensible way. And

1263
00:56:37,880 --> 00:56:39,799
Speaker 26: I agree at the moment they're charging too much.

1264
00:56:39,880 --> 00:56:42,520
Speaker 2: Yeah, it's annoying. Hey, what do you think about the

1265
00:56:42,560 --> 00:56:44,520
Speaker 2: ocon that coming down? Are you breathing a bit of

1266
00:56:44,520 --> 00:56:45,240
Speaker 2: a sigh of relief.

1267
00:56:45,920 --> 00:56:47,640
Speaker 4: I'm a little bit disappointed now.

1268
00:56:47,719 --> 00:56:49,680
Speaker 25: I know that I've been called a grumpy bugger all

1269
00:56:49,680 --> 00:56:51,600
Speaker 25: week on my show this week, but I kind of

1270
00:56:51,960 --> 00:56:54,640
Speaker 25: I was hoping for a Christmas present. I listened to

1271
00:56:54,719 --> 00:56:56,520
Speaker 25: Mike Show this morning driving to work, and I was

1272
00:56:56,520 --> 00:57:00,480
Speaker 25: thinking to myself, as a resident economist, said go harder, bigger,

1273
00:57:00,840 --> 00:57:03,840
Speaker 25: seventy five points and it's you know, four months until

1274
00:57:03,840 --> 00:57:06,720
Speaker 25: we get the next one. This was a great opportunity

1275
00:57:07,440 --> 00:57:10,719
Speaker 25: for Adrian Or to show he had some wasn't it.

1276
00:57:10,719 --> 00:57:11,719
Speaker 4: It was a great opportunity.

1277
00:57:11,840 --> 00:57:15,839
Speaker 25: What you know, you know the thing that meant between leagues.

1278
00:57:16,600 --> 00:57:17,240
Speaker 7: I don't want to.

1279
00:57:17,160 --> 00:57:19,400
Speaker 25: Be rude, but you know what I mean, and I

1280
00:57:19,440 --> 00:57:20,840
Speaker 25: saw I was a little bit disappointed.

1281
00:57:20,960 --> 00:57:23,080
Speaker 4: Am I pleased that it's moved, Of course I am,

1282
00:57:23,160 --> 00:57:24,560
Speaker 4: But I thought I thought this was a.

1283
00:57:24,560 --> 00:57:28,280
Speaker 25: Great opportunity to go hard and really we're still doing

1284
00:57:28,320 --> 00:57:28,760
Speaker 25: it tough.

1285
00:57:29,000 --> 00:57:30,680
Speaker 4: Yeah, yeah, I couldn't have gone a bit harder.

1286
00:57:30,800 --> 00:57:32,880
Speaker 2: Yeah, I Jack. I can't help but feel it's a

1287
00:57:32,920 --> 00:57:34,880
Speaker 2: bit of a capitulation by the Reserve Bank, and they're

1288
00:57:34,880 --> 00:57:36,960
Speaker 2: just letting the market basically decide for They're letting the

1289
00:57:36,960 --> 00:57:39,720
Speaker 2: market do all the thinking market prices and fifty bp okay, fine,

1290
00:57:39,760 --> 00:57:40,440
Speaker 2: we'll go with it.

1291
00:57:41,080 --> 00:57:41,400
Speaker 11: Yeah.

1292
00:57:41,520 --> 00:57:44,120
Speaker 26: Yeah, it's interesting how much that seems to influence the

1293
00:57:44,160 --> 00:57:45,600
Speaker 26: Monastery Policy Committee. A.

1294
00:57:45,680 --> 00:57:47,480
Speaker 14: I mean, a couple of points I would raise.

1295
00:57:47,520 --> 00:57:49,400
Speaker 26: First of all, obviously I was hoping for a seventy

1296
00:57:49,400 --> 00:57:52,240
Speaker 26: five basis point right cut. In fact, my mortgage came

1297
00:57:52,320 --> 00:57:54,240
Speaker 26: up at the end of October and I decided to

1298
00:57:54,280 --> 00:57:56,640
Speaker 26: float until today so that I could wait and see

1299
00:57:56,640 --> 00:57:57,880
Speaker 26: what Harbianz decided.

1300
00:57:58,000 --> 00:57:58,680
Speaker 2: Was that a good call?

1301
00:57:59,760 --> 00:58:00,000
Speaker 4: Yeah?

1302
00:58:00,000 --> 00:58:00,600
Speaker 7: I think it will be.

1303
00:58:00,680 --> 00:58:02,200
Speaker 26: I think I did the maths, I did the back

1304
00:58:02,240 --> 00:58:04,880
Speaker 26: of the envelope sums, and I think it ultimately will be,

1305
00:58:04,920 --> 00:58:07,600
Speaker 26: although not nearly as profitable or not nearly as good

1306
00:58:07,640 --> 00:58:08,840
Speaker 26: for me as it might have been if I got

1307
00:58:08,840 --> 00:58:11,600
Speaker 26: seventy five. I think there's a good argument that they

1308
00:58:11,600 --> 00:58:15,080
Speaker 26: should be moving faster, especially given the cpis at two

1309
00:58:15,120 --> 00:58:17,160
Speaker 26: point two percent. I mean, it's very very close to

1310
00:58:17,720 --> 00:58:18,280
Speaker 26: that target.

1311
00:58:18,280 --> 00:58:18,640
Speaker 9: Point.

1312
00:58:18,920 --> 00:58:23,000
Speaker 26: That being said, I do think the Trump factor complicates

1313
00:58:23,040 --> 00:58:25,000
Speaker 26: things a little bit, Like when you look at some

1314
00:58:25,080 --> 00:58:28,000
Speaker 26: of the international pressures, we can't mean he's just announced

1315
00:58:28,040 --> 00:58:30,360
Speaker 26: overnight that he's definitely going to be bringing in those

1316
00:58:30,400 --> 00:58:34,680
Speaker 26: tariffs on Mexico, Canada and China, and so given he's

1317
00:58:34,720 --> 00:58:38,400
Speaker 26: going to be inaugurated between now and the next decision

1318
00:58:38,600 --> 00:58:41,040
Speaker 26: for the Reserve Bank, I can understand why they are

1319
00:58:41,040 --> 00:58:44,280
Speaker 26: at least a little bit cautious and not wanting to

1320
00:58:44,280 --> 00:58:46,120
Speaker 26: go too quickly. But one other number stuck out to

1321
00:58:46,160 --> 00:58:49,520
Speaker 26: me that I think we should all be celebrating. And obviously,

1322
00:58:49,520 --> 00:58:52,040
Speaker 26: forecasts is just forecast at the stage, but I went

1323
00:58:52,080 --> 00:58:54,960
Speaker 26: back and looked at the NPS from August. Back then,

1324
00:58:55,000 --> 00:58:58,040
Speaker 26: the Reserve Bank was expecting unemployment to hit five point

1325
00:58:58,120 --> 00:59:00,560
Speaker 26: four percent next year. To pull that back five point

1326
00:59:00,640 --> 00:59:03,600
Speaker 26: two percent now, so I mean, this isn't a soft

1327
00:59:03,680 --> 00:59:06,680
Speaker 26: landing as such, but clearly, if we could keep unemployment

1328
00:59:07,000 --> 00:59:10,440
Speaker 26: at about five point two percent or lower while bringing

1329
00:59:10,480 --> 00:59:12,120
Speaker 26: down the ocr over the next felve months.

1330
00:59:12,160 --> 00:59:13,440
Speaker 14: I think that would be pretty success.

1331
00:59:13,560 --> 00:59:16,600
Speaker 2: Thank you Australia for taking all of our exports. Well, okay, listen,

1332
00:59:16,680 --> 00:59:19,000
Speaker 2: I want to talk about I want to talk about works. Yep,

1333
00:59:19,080 --> 00:59:21,640
Speaker 2: that's right, that's what I mean. Nick, I want to

1334
00:59:21,640 --> 00:59:23,280
Speaker 2: talk about you make Tory. So hang on a tick.

1335
00:59:23,280 --> 00:59:25,240
Speaker 2: We're going to do that. Fourteen away from six.

1336
00:59:25,800 --> 00:59:29,520
Speaker 1: The Huddle with New Zealand Southeby's International Realty Elevate the

1337
00:59:29,560 --> 00:59:31,080
Speaker 1: marketing of your home right.

1338
00:59:30,920 --> 00:59:32,680
Speaker 2: Back with Nick Mills and Jack tam Nick, so what

1339
00:59:32,720 --> 00:59:34,880
Speaker 2: do you make of your council sitting down deciding they

1340
00:59:34,920 --> 00:59:36,640
Speaker 2: need to save five hundred million bucks and then not

1341
00:59:36,760 --> 00:59:37,760
Speaker 2: knowing how much they saved.

1342
00:59:38,520 --> 00:59:40,120
Speaker 25: They didn't have a clue how much they needed to

1343
00:59:40,160 --> 00:59:42,520
Speaker 25: save at the start. It's changed every second, Monek. The

1344
00:59:42,600 --> 00:59:45,600
Speaker 25: numbers have changed from two hundred and fifty million to

1345
00:59:45,680 --> 00:59:48,800
Speaker 25: five hundred million. I mean, what sort of company organization

1346
00:59:49,120 --> 00:59:51,720
Speaker 25: can have that sort of insecurity in front of them.

1347
00:59:52,480 --> 00:59:54,360
Speaker 4: It's just absolutely nuts.

1348
00:59:54,560 --> 00:59:57,440
Speaker 25: And you know, Lindsey McKenzie wouldn't do an interview, He

1349
00:59:57,440 --> 01:00:00,280
Speaker 25: wouldn't talk to anybody, sat there like with a straight face,

1350
01:00:00,280 --> 01:00:02,960
Speaker 25: according to Georgina Campbell, who was there for the seven hours,

1351
01:00:03,120 --> 01:00:06,440
Speaker 25: he just didn't wasn't, you know, wasn't having any involvement whatsoever.

1352
01:00:06,520 --> 01:00:10,040
Speaker 25: Just sitting there watching the whole thing is terrifying. I mean,

1353
01:00:10,080 --> 01:00:12,960
Speaker 25: if you're a welling Tonian and your rates, I mean,

1354
01:00:13,040 --> 01:00:16,320
Speaker 25: our rates are nuts in the city. Commercial rates are

1355
01:00:16,760 --> 01:00:19,400
Speaker 25: crazy in the city, almost double what they are in

1356
01:00:19,440 --> 01:00:22,000
Speaker 25: Auckland for value to ratio for property.

1357
01:00:22,200 --> 01:00:25,360
Speaker 4: It's just absolutely nuts and no one, no one knows

1358
01:00:25,360 --> 01:00:25,880
Speaker 4: what's happening.

1359
01:00:26,000 --> 01:00:29,240
Speaker 2: Yeah, it totally vindicates, I think jack the decision by

1360
01:00:29,240 --> 01:00:30,640
Speaker 2: Simon Brown to call in the observer.

1361
01:00:31,600 --> 01:00:34,240
Speaker 26: Yes, well, it doesn't necessarily sound like the observers had

1362
01:00:34,240 --> 01:00:36,520
Speaker 26: a huge influence on the meeting.

1363
01:00:37,800 --> 01:00:39,080
Speaker 2: You guys, he's an observer.

1364
01:00:39,640 --> 01:00:42,440
Speaker 26: Yeah, well that's the thing that But I mean, are

1365
01:00:42,440 --> 01:00:45,640
Speaker 26: we any clearer as a result is he's like.

1366
01:00:45,640 --> 01:00:48,200
Speaker 2: He may be clear, Like his point, the point of

1367
01:00:48,240 --> 01:00:50,840
Speaker 2: his job is literally to sit there until someone asks

1368
01:00:50,840 --> 01:00:52,600
Speaker 2: for his help and then to go to Simon and

1369
01:00:52,640 --> 01:00:54,520
Speaker 2: be like, oh mate, it's a total shake.

1370
01:00:54,760 --> 01:00:54,920
Speaker 3: Yeah.

1371
01:00:55,080 --> 01:00:57,440
Speaker 26: Yeah, I think I think a thing would be to

1372
01:00:57,480 --> 01:00:59,000
Speaker 26: say that the proof of the pudding is in the

1373
01:00:59,000 --> 01:01:02,120
Speaker 26: eating in that one, but lutely I think having you know,

1374
01:01:02,160 --> 01:01:03,919
Speaker 26: there's a good argument to be made they're having eyes

1375
01:01:03,960 --> 01:01:07,200
Speaker 26: in that meeting is probably been vindication of a certain degree,

1376
01:01:07,200 --> 01:01:08,960
Speaker 26: but it is woeful. The fact that no one can

1377
01:01:09,000 --> 01:01:11,640
Speaker 26: give us any clarity on this is absolutely wonful for

1378
01:01:11,680 --> 01:01:14,440
Speaker 26: an organization of their size, and just yeah, you know,

1379
01:01:14,640 --> 01:01:18,040
Speaker 26: it just there's such a there's such a trust gap,

1380
01:01:18,360 --> 01:01:21,680
Speaker 26: and you know, when it comes to Wellington's residence in

1381
01:01:21,720 --> 01:01:25,840
Speaker 26: the Council and every day that this continues, every time

1382
01:01:25,920 --> 01:01:31,080
Speaker 26: we have more confusion and you know, disagreement and people

1383
01:01:31,080 --> 01:01:33,040
Speaker 26: saying one thing and other people contradicting them.

1384
01:01:33,040 --> 01:01:36,000
Speaker 14: It just it just really undermines whatever trust remains.

1385
01:01:36,080 --> 01:01:38,760
Speaker 2: Yeah, totally. Hey, Nick, you bought anything in the Black

1386
01:01:38,760 --> 01:01:39,520
Speaker 2: Friday sales?

1387
01:01:40,240 --> 01:01:42,800
Speaker 4: No, don't be stupid. I'm over twenty.

1388
01:01:43,720 --> 01:01:46,440
Speaker 2: Okay, okay, So what you don't buy anything? Is that

1389
01:01:46,480 --> 01:01:49,200
Speaker 2: why you're student from nineteen ninety five?

1390
01:01:49,880 --> 01:01:53,680
Speaker 25: No, I haven't. I haven't bought anything, and I'm things

1391
01:01:53,680 --> 01:01:55,160
Speaker 25: are quite tight Heather right now.

1392
01:01:55,160 --> 01:01:56,479
Speaker 4: So I'm not in the spending mood.

1393
01:01:56,640 --> 01:01:58,320
Speaker 7: You know, I'm not in the spending mood.

1394
01:01:58,320 --> 01:01:59,959
Speaker 4: But closer to Christmas, I'll do my spending.

1395
01:02:00,480 --> 01:02:02,160
Speaker 14: I did, Heather, Yeah, what did you want to be

1396
01:02:02,240 --> 01:02:04,920
Speaker 14: very excited about this. I bought a new drum roll

1397
01:02:04,960 --> 01:02:06,560
Speaker 14: please bike helmet.

1398
01:02:08,040 --> 01:02:09,080
Speaker 2: Is it a cool one?

1399
01:02:09,160 --> 01:02:09,480
Speaker 7: Or is it?

1400
01:02:09,600 --> 01:02:09,680
Speaker 14: Like?

1401
01:02:09,800 --> 01:02:10,680
Speaker 7: No, no, no, it's.

1402
01:02:11,280 --> 01:02:14,040
Speaker 14: Really uncol Super uncle, Yeah, super uncle.

1403
01:02:14,640 --> 01:02:16,960
Speaker 26: And not only that, I went to the chemist Warehouse

1404
01:02:16,960 --> 01:02:17,800
Speaker 26: because they've got a big.

1405
01:02:17,680 --> 01:02:20,520
Speaker 14: Sale and I got like bulk.

1406
01:02:22,440 --> 01:02:24,840
Speaker 26: Like I have a very like specific tase when it

1407
01:02:24,880 --> 01:02:28,200
Speaker 26: comes to dental hygiene, and I got bulk dental floss.

1408
01:02:28,240 --> 01:02:30,000
Speaker 14: Becausednal foss can be surprisingly expensive.

1409
01:02:30,720 --> 01:02:33,160
Speaker 2: What about your wife because she's nesting now, because she's

1410
01:02:33,160 --> 01:02:33,800
Speaker 2: so pregnant.

1411
01:02:33,960 --> 01:02:36,640
Speaker 26: Yeah, well she you know, I'm sure she'll be delighted

1412
01:02:36,680 --> 01:02:40,800
Speaker 26: when she receives my Christmas gift of bulk dental floss.

1413
01:02:41,400 --> 01:02:41,920
Speaker 4: Can I tell you?

1414
01:02:41,960 --> 01:02:43,640
Speaker 25: Can I give you both a bit of advice? D

1415
01:02:44,200 --> 01:02:46,240
Speaker 25: Jack Listen listen to Nick on this one. Listen to

1416
01:02:46,280 --> 01:02:48,640
Speaker 25: big brother Nick on this one. A water blaster.

1417
01:02:48,880 --> 01:02:50,920
Speaker 7: Right, my Hi Genis told.

1418
01:02:50,720 --> 01:02:53,040
Speaker 4: Me to get a water blaster, which costs me quite

1419
01:02:53,040 --> 01:02:55,560
Speaker 4: a bit of money at the time. I am so

1420
01:02:55,600 --> 01:02:56,880
Speaker 4: in love with my water blaster.

1421
01:02:56,960 --> 01:02:59,160
Speaker 14: If you mean a dental water blaster, don't you know

1422
01:02:59,200 --> 01:03:02,480
Speaker 14: what I mean? Like the ones outside?

1423
01:03:03,520 --> 01:03:06,840
Speaker 2: Yeah, just floss.

1424
01:03:07,120 --> 01:03:07,960
Speaker 4: It's so incredible.

1425
01:03:08,000 --> 01:03:10,160
Speaker 2: If you've got one, no, I don't. And can I

1426
01:03:10,200 --> 01:03:12,200
Speaker 2: tell you ask your wife if she loves it, because

1427
01:03:12,240 --> 01:03:14,600
Speaker 2: my husband's got one and I do not love finding

1428
01:03:14,600 --> 01:03:16,240
Speaker 2: all the little bits of food all over the sink.

1429
01:03:16,320 --> 01:03:16,840
Speaker 2: It sucks.

1430
01:03:17,760 --> 01:03:19,480
Speaker 4: I clean it out after when I do it?

1431
01:03:20,080 --> 01:03:22,280
Speaker 2: Do you do a boy clean though? Or a girl clean?

1432
01:03:23,240 --> 01:03:25,560
Speaker 25: You know the answer to that here, boy, you know

1433
01:03:25,640 --> 01:03:27,400
Speaker 25: the answer that you know me well enough to know

1434
01:03:27,480 --> 01:03:28,560
Speaker 25: that when I clean, I clean.

1435
01:03:28,680 --> 01:03:30,760
Speaker 2: Oh, okay, I'm gonna I'm going to trust you on that, guys,

1436
01:03:30,800 --> 01:03:33,920
Speaker 2: Thank you very much. And Jack, congratulations on the pregnancy.

1437
01:03:34,000 --> 01:03:36,920
Speaker 2: So cool, Jack Tame and Nick Mills huddle this evening

1438
01:03:36,960 --> 01:03:37,960
Speaker 2: seven away from six.

1439
01:03:38,680 --> 01:03:39,400
Speaker 3: Red or blue?

1440
01:03:39,560 --> 01:03:42,720
Speaker 1: Trump or Harris? Who will win the battleground states? The

1441
01:03:42,840 --> 01:03:46,360
Speaker 1: latest on the US election. It's Heather duplicy Alan drive

1442
01:03:46,480 --> 01:03:49,200
Speaker 1: with one New Zealand let's get connected.

1443
01:03:52,000 --> 01:03:53,600
Speaker 2: Hither. I had a water flosser and by the way,

1444
01:03:53,600 --> 01:03:55,560
Speaker 2: it's called a water peck, Thank you very much. I

1445
01:03:55,600 --> 01:03:57,880
Speaker 2: had a water flosser and it's exactly the same, spread

1446
01:03:57,920 --> 01:04:01,360
Speaker 2: all over my face and mirror bits everywhere. Is that

1447
01:04:01,400 --> 01:04:03,960
Speaker 2: groc fare that's so gross for me? Is that gross fair?

1448
01:04:04,560 --> 01:04:08,880
Speaker 2: That's disgusting? Anyway, I donated it to the hedgehog rescue

1449
01:04:08,920 --> 01:04:12,120
Speaker 2: ladies so she could clean out the wounds on the hedgehogs.

1450
01:04:14,120 --> 01:04:17,160
Speaker 2: I really hope that they ran some salt solution through

1451
01:04:17,200 --> 01:04:20,760
Speaker 2: that first to get rid of your disgusting gum food.

1452
01:04:21,560 --> 01:04:22,800
Speaker 21: You yuck.

1453
01:04:23,080 --> 01:04:27,000
Speaker 2: Never mind moving on, hey, so on, moving Westport? Okay,

1454
01:04:27,360 --> 01:04:30,240
Speaker 2: this is the plan. Okay, the government's funded these guys,

1455
01:04:30,240 --> 01:04:33,200
Speaker 2: and it's like it's an architecture landscape urban design company

1456
01:04:33,240 --> 01:04:35,720
Speaker 2: called ISTHMUS and told them, can you come up with

1457
01:04:35,760 --> 01:04:38,040
Speaker 2: a way for us to save Westport when we're constantly

1458
01:04:38,040 --> 01:04:39,720
Speaker 2: getting flooded by the Buller River. And so what they

1459
01:04:39,800 --> 01:04:42,720
Speaker 2: said is move Westport. Now, what that's going to require

1460
01:04:42,800 --> 01:04:45,720
Speaker 2: is some government seed funding, and then government would have

1461
01:04:45,800 --> 01:04:47,920
Speaker 2: to give them a whole bunch of land currently owned

1462
01:04:47,920 --> 01:04:50,480
Speaker 2: by Land Corp. Nearby, and then they would have to

1463
01:04:50,480 --> 01:04:53,680
Speaker 2: have developers build them a new town and and then

1464
01:04:54,240 --> 01:04:58,320
Speaker 2: well what do you do? Do you sell? How do

1465
01:04:58,400 --> 01:05:00,000
Speaker 2: you afford the new house? All of these are questions

1466
01:05:00,120 --> 01:05:01,960
Speaker 2: for Jamie Klein, who is the mayor, who will be

1467
01:05:02,000 --> 01:05:04,200
Speaker 2: with us very shortly. Got to run you through this thing.

1468
01:05:04,480 --> 01:05:05,720
Speaker 2: You just have to six o'clock. By the way, I

1469
01:05:05,760 --> 01:05:07,280
Speaker 2: got to run you through this thing that's going on

1470
01:05:07,320 --> 01:05:10,960
Speaker 2: at the moment. There's this interesting test online akay as

1471
01:05:11,000 --> 01:05:13,080
Speaker 2: to whether you can tell the difference between an AI

1472
01:05:13,240 --> 01:05:16,800
Speaker 2: voice and a real human voice. And they've got AI

1473
01:05:16,880 --> 01:05:19,440
Speaker 2: and a real human reading a piece from Alice in Wonderland.

1474
01:05:19,520 --> 01:05:21,520
Speaker 2: I'm going to play you two clips and let you

1475
01:05:21,560 --> 01:05:23,520
Speaker 2: think about it, and you tell me which one you

1476
01:05:23,640 --> 01:05:26,040
Speaker 2: think is the AI and which one's the real voice.

1477
01:05:26,040 --> 01:05:27,080
Speaker 2: So here's clip number one.

1478
01:05:27,640 --> 01:05:30,120
Speaker 5: Alice was beginning to get very tired of sitting by

1479
01:05:30,120 --> 01:05:33,280
Speaker 5: her sister on the bank and of having nothing to do.

1480
01:05:33,880 --> 01:05:36,000
Speaker 5: Once or twice she had peeped into the book her

1481
01:05:36,040 --> 01:05:39,680
Speaker 5: sister was reading, but it had no pictures or conversations

1482
01:05:39,680 --> 01:05:42,000
Speaker 5: in it. And what is the use of a book,

1483
01:05:42,240 --> 01:05:45,000
Speaker 5: thought Alice Winner without pictures or conversations.

1484
01:05:45,760 --> 01:05:46,880
Speaker 2: And here's clip number two.

1485
01:05:47,440 --> 01:05:49,760
Speaker 5: Alice was beginning to get very tired of sitting by

1486
01:05:49,760 --> 01:05:51,880
Speaker 5: her sister on the bank and having nothing to do.

1487
01:05:52,400 --> 01:05:54,400
Speaker 5: Once or twice she had peeped into the book her

1488
01:05:54,440 --> 01:05:57,200
Speaker 5: sister was reading, but it had no pictures or conversations

1489
01:05:57,240 --> 01:05:59,080
Speaker 5: in it. And what is the use of a book,

1490
01:05:59,240 --> 01:06:01,720
Speaker 5: thought Alice without pictures or conversations.

1491
01:06:01,840 --> 01:06:05,560
Speaker 2: Okay, it's tricky, it's tricky. I picked the wrong one first.

1492
01:06:06,200 --> 01:06:08,640
Speaker 2: Then I read the article about what you should look

1493
01:06:08,680 --> 01:06:10,640
Speaker 2: for to be able to tell the difference between AI

1494
01:06:10,960 --> 01:06:13,640
Speaker 2: and and human voice, and I heard it in that

1495
01:06:14,280 --> 01:06:16,760
Speaker 2: and I reckon, I would still pick it wrong. So

1496
01:06:16,800 --> 01:06:19,040
Speaker 2: I'm gonna I'm gonna you tell me what you think.

1497
01:06:19,240 --> 01:06:20,920
Speaker 2: I'll tell you what the truth is, and I'll tell

1498
01:06:20,960 --> 01:06:23,160
Speaker 2: you how to pick the difference. News Dogs, they'd be.

1499
01:06:31,440 --> 01:06:35,080
Speaker 1: We're Business and Insight the Business Hour.

1500
01:06:35,360 --> 01:06:38,680
Speaker 3: We'd hand a duplessy Ellen and my hr on news

1501
01:06:38,720 --> 01:06:39,280
Speaker 3: Dogs b.

1502
01:06:41,840 --> 01:06:43,320
Speaker 2: Evening coming up in the next hour, we're going to

1503
01:06:43,320 --> 01:06:45,760
Speaker 2: talk about the official cash rate. We'll have Jenative Strainey's

1504
01:06:45,760 --> 01:06:47,480
Speaker 2: take on it, and then we'll get the market reaction

1505
01:06:47,560 --> 01:06:51,320
Speaker 2: with Milford Asset Management shortly. Also, Jamie Klein, the bullamare

1506
01:06:51,400 --> 01:06:53,840
Speaker 2: on moving Westport. He's actually with us. After half past

1507
01:06:53,880 --> 01:06:56,120
Speaker 2: seven half fuss, I put you wrong on that, And

1508
01:06:56,200 --> 01:06:57,800
Speaker 2: we're going to deal with the AI and just attack

1509
01:06:57,920 --> 01:07:00,360
Speaker 2: right now seven past six, and let's deal with this

1510
01:07:00,480 --> 01:07:05,560
Speaker 2: first Oka. Most retailers are struggling, but Kmart is certainly not.

1511
01:07:05,680 --> 01:07:09,000
Speaker 2: Kmart's revenue New Zealand grew to almost one billion dollars

1512
01:07:09,200 --> 01:07:12,280
Speaker 2: for the financial Yeah, actually that's the region's revenue. The

1513
01:07:12,320 --> 01:07:14,920
Speaker 2: company made more than one hundred million dollars in profit

1514
01:07:14,920 --> 01:07:16,760
Speaker 2: here in New Zealand. That's up fifty two percent year

1515
01:07:16,800 --> 01:07:19,840
Speaker 2: on year. Auckland University marketing professor Mike Lee is with

1516
01:07:19,920 --> 01:07:20,240
Speaker 2: been our.

1517
01:07:20,200 --> 01:07:23,240
Speaker 24: Hey, Mike, Hey, thanks for having me, Mike.

1518
01:07:23,360 --> 01:07:25,760
Speaker 2: For them to go up fifty two percent year on

1519
01:07:25,920 --> 01:07:29,240
Speaker 2: year is remarkable given how hard the warehouse is doing it,

1520
01:07:29,280 --> 01:07:29,640
Speaker 2: isn't it.

1521
01:07:30,720 --> 01:07:30,959
Speaker 26: Yeah.

1522
01:07:31,040 --> 01:07:32,280
Speaker 24: I mean, if you look at some of the graphs

1523
01:07:33,040 --> 01:07:35,760
Speaker 24: they're available at, the warehouse is plateaued for a while now,

1524
01:07:35,760 --> 01:07:39,720
Speaker 24: and the cckmart kind of encroaching on their market share.

1525
01:07:39,760 --> 01:07:44,560
Speaker 24: Ere on here, just climbing that steep upwards sort of trajectory.

1526
01:07:44,800 --> 01:07:46,400
Speaker 2: What are they doing right, do you reckon? I mean,

1527
01:07:46,400 --> 01:07:49,720
Speaker 2: obviously they've got a range of stuff that's cool, and

1528
01:07:49,760 --> 01:07:51,840
Speaker 2: they've also got at really good prices. But is there

1529
01:07:51,920 --> 01:07:53,040
Speaker 2: something else going on here?

1530
01:07:53,880 --> 01:07:54,080
Speaker 4: Yeah?

1531
01:07:54,080 --> 01:07:57,080
Speaker 24: I think they've made a strategic decision a Picaud or

1532
01:07:57,120 --> 01:07:59,920
Speaker 24: Soga to really instead of trying to be everything to everyone,

1533
01:08:00,240 --> 01:08:02,320
Speaker 24: as to be just a few things, a few really

1534
01:08:02,320 --> 01:08:05,000
Speaker 24: good things to a few people. And that's just been

1535
01:08:05,040 --> 01:08:09,520
Speaker 24: a model. That's really what they've been leveraging. They reduce

1536
01:08:09,600 --> 01:08:12,040
Speaker 24: the amount of stuff that they had and only focused

1537
01:08:12,080 --> 01:08:15,840
Speaker 24: on really good quality products at that affordable price. And

1538
01:08:15,920 --> 01:08:19,439
Speaker 24: so through doing that and sort of getting their fashion

1539
01:08:19,880 --> 01:08:21,760
Speaker 24: and style up a bit, they've managed to sort of

1540
01:08:21,800 --> 01:08:26,880
Speaker 24: avoid the stigma that most big box retail bargain retailers have.

1541
01:08:27,040 --> 01:08:29,040
Speaker 24: And so now you've got a generation of people that

1542
01:08:29,080 --> 01:08:31,240
Speaker 24: are seeing things on TikTok and trends and other things

1543
01:08:31,400 --> 01:08:33,000
Speaker 24: that are able to go to km out not feel

1544
01:08:33,000 --> 01:08:35,760
Speaker 24: embarrassed by it. There's not that stigma, and I think

1545
01:08:35,760 --> 01:08:37,400
Speaker 24: that's where a lot of the growth is coming from

1546
01:08:37,439 --> 01:08:37,840
Speaker 24: as well.

1547
01:08:38,439 --> 01:08:40,680
Speaker 2: So who is it that they're actually targeting. Is it

1548
01:08:40,720 --> 01:08:41,320
Speaker 2: young mums?

1549
01:08:42,680 --> 01:08:46,639
Speaker 24: I think it's definitely a younger profile, maybe slightly trendier,

1550
01:08:46,720 --> 01:08:50,160
Speaker 24: fashionable people, but also a lot of you know gen

1551
01:08:50,240 --> 01:08:55,439
Speaker 24: Z's and people that are following influencers, you know, seeing

1552
01:08:55,760 --> 01:08:58,599
Speaker 24: people sort of lifestyle hacks to get a certain look

1553
01:08:58,680 --> 01:09:01,599
Speaker 24: for a certain price. But then also we'll get products

1554
01:09:01,640 --> 01:09:04,760
Speaker 24: that aren't maybe perceived as as tinney as some of

1555
01:09:04,760 --> 01:09:07,320
Speaker 24: the other products you might get at the cheaper places.

1556
01:09:07,920 --> 01:09:11,400
Speaker 2: Do you buy anything from Kman I have in the past.

1557
01:09:11,240 --> 01:09:14,320
Speaker 24: Yeah, for sure, and it's it's been pretty good. And

1558
01:09:14,920 --> 01:09:17,960
Speaker 24: obviously the store environment when you go in is a

1559
01:09:17,960 --> 01:09:18,759
Speaker 24: little bit more.

1560
01:09:19,000 --> 01:09:19,680
Speaker 3: I guess it.

1561
01:09:19,840 --> 01:09:22,200
Speaker 24: Feels a bit more upmarket, not quite the sort of

1562
01:09:22,280 --> 01:09:23,519
Speaker 24: same bargain sort of bin.

1563
01:09:23,840 --> 01:09:24,639
Speaker 9: Feel that you get.

1564
01:09:24,880 --> 01:09:27,240
Speaker 24: Yeah, and the real test will be, you know, when

1565
01:09:27,240 --> 01:09:31,040
Speaker 24: they open that megastore opposite Costcos and Worth Pokland, how

1566
01:09:31,080 --> 01:09:31,599
Speaker 24: that fares?

1567
01:09:31,840 --> 01:09:32,040
Speaker 7: Yeah?

1568
01:09:32,080 --> 01:09:34,360
Speaker 2: Interesting? Hey, Mike, thanks very much. I really appreciate you

1569
01:09:34,439 --> 01:09:35,240
Speaker 2: runningus through your thoughts.

1570
01:09:35,240 --> 01:09:35,400
Speaker 16: There.

1571
01:09:35,400 --> 01:09:38,639
Speaker 2: That's Mike Lee Auckland University marketing professor. I'm loving came

1572
01:09:38,640 --> 01:09:40,439
Speaker 2: out at the moment because I was talking to Jack

1573
01:09:40,520 --> 01:09:44,800
Speaker 2: just before about his wife nesting. Boy am I nesting? Like,

1574
01:09:45,240 --> 01:09:48,040
Speaker 2: do not send me a sale link because I will

1575
01:09:48,040 --> 01:09:50,680
Speaker 2: buy whatever it is. I'm not always sure that I

1576
01:09:50,760 --> 01:09:52,920
Speaker 2: need it. Sometimes things are turning up at the house

1577
01:09:52,920 --> 01:09:54,519
Speaker 2: and I'm like, why did I buy that?

1578
01:09:54,760 --> 01:09:55,240
Speaker 25: Oh?

1579
01:09:55,360 --> 01:09:58,559
Speaker 2: Yep, that, oh yep, yep, that was what Yep, That's

1580
01:09:58,560 --> 01:10:01,040
Speaker 2: what I was thinking. So anyway, hitting the kmart hard,

1581
01:10:01,080 --> 01:10:01,799
Speaker 2: haven't I?

1582
01:10:01,920 --> 01:10:02,000
Speaker 1: So?

1583
01:10:02,120 --> 01:10:04,760
Speaker 2: I bought maternity bras from there because you don't. You

1584
01:10:04,760 --> 01:10:05,840
Speaker 2: don't want to spend a lot of money on a

1585
01:10:05,840 --> 01:10:07,439
Speaker 2: maternity brain. I'm gonna need it for a long time.

1586
01:10:07,479 --> 01:10:08,160
Speaker 3: Are you so?

1587
01:10:08,360 --> 01:10:10,479
Speaker 2: Got that for cheap? Got some socks for the boy,

1588
01:10:10,520 --> 01:10:12,120
Speaker 2: because I don't know where all his socks are going.

1589
01:10:12,200 --> 01:10:15,160
Speaker 2: KNDy obviously got some knickers for the husband. Tried to

1590
01:10:15,160 --> 01:10:16,760
Speaker 2: buy one of those giant bows you know you can

1591
01:10:16,840 --> 01:10:18,479
Speaker 2: get for your door. You can get like a giant bow.

1592
01:10:18,520 --> 01:10:20,000
Speaker 2: It makes it look like a present. Try to get

1593
01:10:20,040 --> 01:10:23,479
Speaker 2: those completely sold out, so I didn't get those. What

1594
01:10:23,600 --> 01:10:26,080
Speaker 2: else did we? Oh, got ballbles for the Christmas tree,

1595
01:10:26,240 --> 01:10:28,120
Speaker 2: got a skirt for the Christmas tree that felt like

1596
01:10:28,160 --> 01:10:30,639
Speaker 2: a necessary item that was only six dollars, So it's

1597
01:10:30,640 --> 01:10:33,680
Speaker 2: actually a bargain. Boy, Honestly, the list of stuff that

1598
01:10:33,720 --> 01:10:36,200
Speaker 2: I've bought from kmart, I am just a pig in

1599
01:10:36,240 --> 01:10:39,240
Speaker 2: the proverbial, so happy, happy with myself came out has

1600
01:10:39,320 --> 01:10:42,640
Speaker 2: Really it's just oh presence for the boy for his birthday.

1601
01:10:42,880 --> 01:10:45,040
Speaker 2: He's going to his first birthday party, so I've got

1602
01:10:45,040 --> 01:10:47,439
Speaker 2: some duplo for her. He's been invited to his first

1603
01:10:47,439 --> 01:10:49,120
Speaker 2: friend's birthday, part of which is a big deal. So

1604
01:10:49,439 --> 01:10:52,760
Speaker 2: she's getting duplo, just stuff like that. It's awesome and

1605
01:10:52,800 --> 01:10:54,559
Speaker 2: the duplo's cheap. You can get it at came out

1606
01:10:54,600 --> 01:10:56,519
Speaker 2: cheaper than the warehouse. There's a problem anyway, Okay, so

1607
01:10:56,600 --> 01:11:00,360
Speaker 2: here we go. Most people some people picked them AI

1608
01:11:00,520 --> 01:11:04,639
Speaker 2: Voice right. Most people pick the AI voice wrong. AI

1609
01:11:05,000 --> 01:11:08,400
Speaker 2: is voice two because Voice one had an intake of breath.

1610
01:11:08,439 --> 01:11:10,160
Speaker 2: So what this person is saying is the intake of

1611
01:11:10,200 --> 01:11:12,719
Speaker 2: breath is an indication that actually was a real human.

1612
01:11:13,280 --> 01:11:16,240
Speaker 2: Second was AI because it only took one breath. That's

1613
01:11:16,240 --> 01:11:19,240
Speaker 2: from Noel Heather. The first one is human because of

1614
01:11:19,280 --> 01:11:22,320
Speaker 2: the breathing. The second one is AI, Heather. This one

1615
01:11:22,400 --> 01:11:25,679
Speaker 2: is right. First one is AI intake of breath. Now

1616
01:11:25,960 --> 01:11:28,880
Speaker 2: you're all actually hitting on exactly the thing that you

1617
01:11:28,920 --> 01:11:30,360
Speaker 2: need to listen for. If you want to tell the

1618
01:11:30,400 --> 01:11:32,960
Speaker 2: difference between what is AI and what is real, it's

1619
01:11:33,000 --> 01:11:35,400
Speaker 2: the intake of breath. That's usually a clue to you.

1620
01:11:35,800 --> 01:11:39,639
Speaker 2: So a normal person like me when talking breathes in right,

1621
01:11:39,720 --> 01:11:42,160
Speaker 2: and an AI doesn't have that intake of breath. But

1622
01:11:42,520 --> 01:11:46,360
Speaker 2: here's the problem. AI is now so sophisticated that it

1623
01:11:46,520 --> 01:11:49,240
Speaker 2: mimics the intake of breath. So this is the AI version.

1624
01:11:49,720 --> 01:11:52,160
Speaker 5: Alice was beginning to get very tired of sitting by

1625
01:11:52,160 --> 01:11:55,320
Speaker 5: her sister on the bank and of having nothing to do.

1626
01:11:55,920 --> 01:11:58,040
Speaker 5: Once or twice she had peeped into the book her

1627
01:11:58,080 --> 01:12:01,720
Speaker 5: sister was reading, but it had no pictures or conversations

1628
01:12:01,720 --> 01:12:04,040
Speaker 5: in it, And what is the use of a book,

1629
01:12:04,280 --> 01:12:07,040
Speaker 5: thought Alice, whenner without pictures or conversations?

1630
01:12:07,880 --> 01:12:08,680
Speaker 2: How interesting is that?

1631
01:12:08,760 --> 01:12:08,840
Speaker 16: Right?

1632
01:12:08,920 --> 01:12:10,840
Speaker 2: Sounded like a human because the antec of breath, and

1633
01:12:10,880 --> 01:12:13,400
Speaker 2: in fact the human doesn't breathe as much.

1634
01:12:13,760 --> 01:12:16,080
Speaker 5: Alice was beginning to get very tired of sitting by

1635
01:12:16,120 --> 01:12:18,200
Speaker 5: her sister on the bank and having nothing to do.

1636
01:12:18,720 --> 01:12:20,720
Speaker 5: Once or twice she had peeped into the book her

1637
01:12:20,760 --> 01:12:23,800
Speaker 5: sister was reading, but had no pictures or conversations in it.

1638
01:12:24,040 --> 01:12:26,200
Speaker 5: And what is the use of a book, thought Alice

1639
01:12:26,320 --> 01:12:28,040
Speaker 5: without pictures or conversations?

1640
01:12:28,439 --> 01:12:30,439
Speaker 2: The creepy thing. Okay, So why you need to know

1641
01:12:30,520 --> 01:12:33,680
Speaker 2: this is because AI is getting better and better and

1642
01:12:33,720 --> 01:12:35,960
Speaker 2: better at mimicking us. And there will be a stage

1643
01:12:36,320 --> 01:12:38,880
Speaker 2: where you will hear somebody's voice and it will not

1644
01:12:39,000 --> 01:12:40,639
Speaker 2: be the person that you think it is. It will

1645
01:12:40,640 --> 01:12:42,800
Speaker 2: be AI mimicking them. That is definitely going to happen

1646
01:12:42,840 --> 01:12:44,920
Speaker 2: to us in our lives at some point. Now at

1647
01:12:44,920 --> 01:12:48,400
Speaker 2: the moment, what's freaky about it is that AI is

1648
01:12:48,680 --> 01:12:50,639
Speaker 2: This is the worst AI is going to be. It's

1649
01:12:50,720 --> 01:12:52,960
Speaker 2: only going to get better around, better and better at

1650
01:12:53,000 --> 01:12:55,880
Speaker 2: replicating us, putting little stumbles in to make it sound human,

1651
01:12:55,920 --> 01:12:57,600
Speaker 2: doing all this kind of stuff. Anyway, there is a

1652
01:12:57,640 --> 01:13:00,160
Speaker 2: way to find out if you're worried about it for

1653
01:13:00,240 --> 01:13:03,040
Speaker 2: whatever reason, I don't know. There's a phone call and

1654
01:13:03,080 --> 01:13:05,160
Speaker 2: you're not sure if it's AI or a human. There

1655
01:13:05,280 --> 01:13:07,719
Speaker 2: is a way to figure out whether it is AI.

1656
01:13:07,760 --> 01:13:10,240
Speaker 2: I'm so aware of my breathing now, whether it's an

1657
01:13:10,280 --> 01:13:15,760
Speaker 2: AI or human. Ask the AI to scream, because apparently

1658
01:13:15,880 --> 01:13:19,839
Speaker 2: at this stage AI can only speak. Most AI voices

1659
01:13:20,120 --> 01:13:23,240
Speaker 2: can only speak within the normal vocal range unless they've

1660
01:13:23,280 --> 01:13:27,720
Speaker 2: been specifically trained to do more. So, somebody asks chat

1661
01:13:27,160 --> 01:13:31,960
Speaker 2: GPT to shout, and Chat GPT seidback. I can't shout,

1662
01:13:32,120 --> 01:13:34,400
Speaker 2: so at the moment, AI cannot scream or shout for

1663
01:13:34,439 --> 01:13:36,680
Speaker 2: the most part. So if you're not sure, ask them

1664
01:13:36,720 --> 01:13:39,640
Speaker 2: to do that. A human can, AI can't. How interesting

1665
01:13:39,720 --> 01:13:40,960
Speaker 2: is that fourteen.

1666
01:13:40,600 --> 01:13:44,519
Speaker 1: Past six analysis from the experts bringing you everything you

1667
01:13:44,600 --> 01:13:47,280
Speaker 1: need to know on the US election. It's the Business

1668
01:13:47,320 --> 01:13:51,759
Speaker 1: Hour with Heather Duplic Allen and MYHR solution for busy

1669
01:13:51,840 --> 01:13:53,479
Speaker 1: SMEs used talk sa'd be.

1670
01:13:55,439 --> 01:13:58,679
Speaker 2: Seventeen past six. Jena Tibshrani, the Herald's Wellington Business editor,

1671
01:13:58,720 --> 01:14:01,040
Speaker 2: is with us. Now, how do you know, hey, Heather, okay,

1672
01:14:01,080 --> 01:14:03,599
Speaker 2: so how many banks have dropped the mortgage rates by

1673
01:14:03,640 --> 01:14:04,559
Speaker 2: half a percentage point?

1674
01:14:04,560 --> 01:14:08,160
Speaker 27: Then, well, the banks came out straight straight away, straight

1675
01:14:08,200 --> 01:14:11,479
Speaker 27: after the Reserve Bank announced the cuts. In fact, one

1676
01:14:11,560 --> 01:14:14,160
Speaker 27: bank I got an email from them before I got

1677
01:14:14,320 --> 01:14:16,600
Speaker 27: a message from the Reserve Bank saying that it was

1678
01:14:16,600 --> 01:14:20,080
Speaker 27: cutting the OCR by fifty basis points. So they've all moved,

1679
01:14:20,320 --> 01:14:21,280
Speaker 27: They've all moved quickly.

1680
01:14:21,800 --> 01:14:25,040
Speaker 2: That's good. Okay, what are we expecting from how the

1681
01:14:25,160 --> 01:14:27,519
Speaker 2: US election is going to affect what happens from here

1682
01:14:27,520 --> 01:14:28,880
Speaker 2: on in, because it sounds like the Reserve Bank's a

1683
01:14:28,880 --> 01:14:29,600
Speaker 2: little worried about it.

1684
01:14:29,680 --> 01:14:33,360
Speaker 27: Yeah, yeah, Look, I think the Reserve Bank today just

1685
01:14:33,880 --> 01:14:37,760
Speaker 27: adrianal tempered people's expectations a little bit, and in fact

1686
01:14:37,840 --> 01:14:40,920
Speaker 27: he said the thrill might not be as big as

1687
01:14:41,000 --> 01:14:44,400
Speaker 27: what it looks like. Those were Adrinal's words today. Now,

1688
01:14:44,439 --> 01:14:47,160
Speaker 27: the reason for this is that the OCR isn't the

1689
01:14:47,160 --> 01:14:50,400
Speaker 27: only thing that influences the mortgage rates that you and

1690
01:14:50,439 --> 01:14:55,599
Speaker 27: I pay. Banks also get funding from offshore markets. They

1691
01:14:55,640 --> 01:14:59,479
Speaker 27: borrow money from overseas, and the issue here is that

1692
01:14:59,520 --> 01:15:03,200
Speaker 27: the interest rates that are being charged for these money

1693
01:15:03,240 --> 01:15:06,800
Speaker 27: markets around the world are elevated at the moment, and

1694
01:15:06,840 --> 01:15:09,400
Speaker 27: that is because of the outcome of the U s election.

1695
01:15:09,920 --> 01:15:13,000
Speaker 27: So because Donald Trump is promising tax cuts in the US,

1696
01:15:13,400 --> 01:15:16,599
Speaker 27: people think that the deficit in the US will be deeper.

1697
01:15:17,200 --> 01:15:19,760
Speaker 27: You know that the US will continue being in a

1698
01:15:19,800 --> 01:15:22,920
Speaker 27: lot of debt. And also Donald Trump the tariffs and

1699
01:15:22,960 --> 01:15:26,160
Speaker 27: things that he's proposing, they could be inflationary. All of

1700
01:15:26,200 --> 01:15:30,679
Speaker 27: this creates more uncertainty and more risk, and investors price

1701
01:15:30,800 --> 01:15:34,840
Speaker 27: that risk into assets. And if there's more risks, you

1702
01:15:34,880 --> 01:15:37,799
Speaker 27: know that there's a risk premium priced in that elevates

1703
01:15:37,840 --> 01:15:41,160
Speaker 27: interest rates. So if those interest rates in global money

1704
01:15:41,160 --> 01:15:47,120
Speaker 27: markets are higher, then that influences banks funding costs, and

1705
01:15:47,160 --> 01:15:50,160
Speaker 27: that influences the interest rates that we pay. So you

1706
01:15:50,200 --> 01:15:53,080
Speaker 27: know that it's still a positive story. Mortgage rates are

1707
01:15:53,080 --> 01:15:55,559
Speaker 27: still coming down. We should just be a little bit

1708
01:15:55,600 --> 01:15:58,519
Speaker 27: cautious about the extent to which they will fall.

1709
01:15:58,600 --> 01:16:00,880
Speaker 2: Yeah, that's a very good point, Okay, sir, to appreciate it,

1710
01:16:01,040 --> 01:16:03,880
Speaker 2: you know, tib Trany the Herald's Wellington business tit speaking

1711
01:16:03,920 --> 01:16:08,280
Speaker 2: of banks. The Duval story has just got involved with

1712
01:16:08,280 --> 01:16:10,120
Speaker 2: a bunch of banks, and it's quite it's getting more

1713
01:16:10,160 --> 01:16:11,840
Speaker 2: and more interested. I think the more that we learn

1714
01:16:11,840 --> 01:16:13,960
Speaker 2: about what's going on with Deval the more interesting it is.

1715
01:16:14,360 --> 01:16:16,240
Speaker 2: So it now emerges, and this is a story that's

1716
01:16:16,240 --> 01:16:19,280
Speaker 2: been running a business desks today. It's now emerged that

1717
01:16:19,320 --> 01:16:23,280
Speaker 2: back in December last year, Duval was circulating an information

1718
01:16:23,400 --> 01:16:25,960
Speaker 2: memorandum trying to get the investors you may recall this,

1719
01:16:26,000 --> 01:16:27,960
Speaker 2: but they were trying to get investors who had an

1720
01:16:28,040 --> 01:16:31,320
Speaker 2: interest in the mortgage fund and Opportunities Fund to switch

1721
01:16:31,520 --> 01:16:35,400
Speaker 2: that interest for shares instead in the Duval Property Group,

1722
01:16:35,439 --> 01:16:37,519
Speaker 2: which they've basically just created, and they were talking about

1723
01:16:37,520 --> 01:16:39,400
Speaker 2: possibly listing it and stuff. And in order to try

1724
01:16:39,439 --> 01:16:42,600
Speaker 2: and convince the investors to do this, they circulated this

1725
01:16:42,680 --> 01:16:46,519
Speaker 2: information memorandum. Now, page six of that document had a

1726
01:16:46,560 --> 01:16:49,320
Speaker 2: corporate directory of all these businesses that were involved. It

1727
01:16:49,360 --> 01:16:52,479
Speaker 2: had twelve banks, Westpac ASB, It had a real estate

1728
01:16:52,520 --> 01:16:56,080
Speaker 2: company CBRE. It had accountants, valuers, law firms, Quantity Survey

1729
01:16:56,080 --> 01:16:58,599
Speaker 2: as an investment advisor, and so on. Right, and obviously

1730
01:16:58,600 --> 01:17:00,840
Speaker 2: it had all of these businesses listed because it was

1731
01:17:00,880 --> 01:17:04,479
Speaker 2: given credibility to what Duval was trying to sell to

1732
01:17:04,520 --> 01:17:08,479
Speaker 2: these people as an idea. Except it now turns out

1733
01:17:08,479 --> 01:17:10,960
Speaker 2: today that a whole bunch of these businesses didn't actually

1734
01:17:11,040 --> 01:17:13,760
Speaker 2: know that. They say they didn't know that they were

1735
01:17:13,760 --> 01:17:16,000
Speaker 2: part of this corporate directory on page six of the

1736
01:17:16,040 --> 01:17:19,599
Speaker 2: IM We're back in ASB and also, by the way,

1737
01:17:19,640 --> 01:17:22,679
Speaker 2: the real estate company say they didn't realize until Business

1738
01:17:22,680 --> 01:17:24,639
Speaker 2: Desk got in touch with them just in the last

1739
01:17:24,720 --> 01:17:27,400
Speaker 2: few days, and then they all asked Business Desk to

1740
01:17:27,439 --> 01:17:29,720
Speaker 2: provide them with a copy of the document so they

1741
01:17:29,760 --> 01:17:31,400
Speaker 2: could see what it was all about.

1742
01:17:31,600 --> 01:17:35,519
Speaker 1: Six twenty everything from SMEs to the big corporates. The

1743
01:17:35,720 --> 01:17:39,559
Speaker 1: Business Hour with Heather Duper cls and my HR the

1744
01:17:39,760 --> 01:17:43,120
Speaker 1: HR solution for busy Smemes on News Talk ZB.

1745
01:17:43,400 --> 01:17:45,840
Speaker 2: By the way, on the paper bags, Gary's pointed out

1746
01:17:45,840 --> 01:17:48,360
Speaker 2: the printed paper bags at the supermarket with the little

1747
01:17:48,400 --> 01:17:51,000
Speaker 2: trees on it have been printed so that you can

1748
01:17:51,120 --> 01:17:53,200
Speaker 2: use the paper bag for wrapping presents, and they've got

1749
01:17:53,200 --> 01:17:55,559
Speaker 2: a dashed line around the bottom with scissors on it. Now,

1750
01:17:57,240 --> 01:18:01,240
Speaker 2: oh look, I just want to caution you there's an

1751
01:18:01,280 --> 01:18:04,080
Speaker 2: element of that being quite shit. You go and wrap

1752
01:18:04,120 --> 01:18:05,960
Speaker 2: somebody's present with a paper bag that you got from

1753
01:18:06,000 --> 01:18:08,000
Speaker 2: Countdown or Woolworth or whatever it is. I don't know

1754
01:18:08,000 --> 01:18:09,479
Speaker 2: how that's going to go down. Try it out, let

1755
01:18:09,560 --> 01:18:10,960
Speaker 2: me know how it goes. We'll talk in the new year.

1756
01:18:11,000 --> 01:18:14,439
Speaker 2: Six twenty four, Caitlin Parker Milford aset management with me.

1757
01:18:14,479 --> 01:18:16,640
Speaker 3: Now, hey, Caitlin, hey, here are you?

1758
01:18:16,880 --> 01:18:18,719
Speaker 2: I'm very well, thank you. Now, there was a little

1759
01:18:18,720 --> 01:18:21,320
Speaker 2: bit of flirtation from the market, wasn't there as to

1760
01:18:21,360 --> 01:18:23,640
Speaker 2: the possibility of a seventy five basis point cut? So

1761
01:18:23,680 --> 01:18:25,679
Speaker 2: when we got the fifty were they disappointed today?

1762
01:18:26,880 --> 01:18:29,240
Speaker 28: Yeah, Look, it was very much consensus that we have

1763
01:18:29,400 --> 01:18:32,240
Speaker 28: half percent, but there were toying with the idea that

1764
01:18:32,280 --> 01:18:34,840
Speaker 28: we might get a bit a chunkier point seven five

1765
01:18:34,880 --> 01:18:37,960
Speaker 28: percent cut away before Christmas. But look, there wasn't really

1766
01:18:38,040 --> 01:18:40,320
Speaker 28: much disappointment. I suppose what we did see was a

1767
01:18:40,320 --> 01:18:43,240
Speaker 28: bit of volatility versus drastic and to day changes. And

1768
01:18:43,600 --> 01:18:46,200
Speaker 28: there's a bit of time between when the Reserve Bank

1769
01:18:46,240 --> 01:18:50,400
Speaker 28: released their statement to their forecast before we have the PRESO,

1770
01:18:50,800 --> 01:18:53,719
Speaker 28: so the communication was a bit mixed initially. And initially

1771
01:18:53,760 --> 01:18:55,720
Speaker 28: we actually saw a currency rally in the view that

1772
01:18:55,760 --> 01:18:58,360
Speaker 28: the official cast rate wasn't going to be moving as

1773
01:18:58,400 --> 01:19:01,479
Speaker 28: low as initially hot looking at the forecast. But then

1774
01:19:01,479 --> 01:19:04,080
Speaker 28: on the press conference with Governor Or he gave very

1775
01:19:04,080 --> 01:19:07,240
Speaker 28: clear guidance that another half a percent cut is very

1776
01:19:07,320 --> 01:19:09,439
Speaker 28: much their base case for February, so we saw a

1777
01:19:09,479 --> 01:19:12,280
Speaker 28: lot of this unwind as well. And then in terms

1778
01:19:12,280 --> 01:19:16,920
Speaker 28: of interest rates, there was no massive move in terms

1779
01:19:16,960 --> 01:19:19,640
Speaker 28: of the official cash right track, they still see the

1780
01:19:19,680 --> 01:19:22,599
Speaker 28: low at about three percent, but they did note that

1781
01:19:22,800 --> 01:19:25,360
Speaker 28: there is a higher risk of inflation volatility towards the

1782
01:19:25,439 --> 01:19:27,920
Speaker 28: end of next year. So we saw interest rates move up.

1783
01:19:27,960 --> 01:19:29,640
Speaker 28: You know, the two year was up aboutero point one

1784
01:19:29,680 --> 01:19:32,040
Speaker 28: percent at the end of the day, but nothing drastic

1785
01:19:32,080 --> 01:19:34,240
Speaker 28: to call out, and nothing major to call out either.

1786
01:19:34,280 --> 01:19:35,040
Speaker 2: On the equity side.

1787
01:19:35,040 --> 01:19:37,000
Speaker 28: After today, it was very much as expected.

1788
01:19:37,320 --> 01:19:39,720
Speaker 2: And let's seventy five basis point that that idea that

1789
01:19:39,800 --> 01:19:41,960
Speaker 2: was basically there because the reserve banks having this mess

1790
01:19:41,960 --> 01:19:43,240
Speaker 2: of three month break right.

1791
01:19:43,840 --> 01:19:46,040
Speaker 28: Yeah, look, they're definitely they're heading on their three month

1792
01:19:46,080 --> 01:19:49,160
Speaker 28: hiatus as they do every year. So some of the

1793
01:19:49,280 --> 01:19:51,280
Speaker 28: thinking behind it was, you know, why not get ahead

1794
01:19:51,280 --> 01:19:53,320
Speaker 28: of it. A lot can happen in three months, and

1795
01:19:53,360 --> 01:19:55,280
Speaker 28: we are seeing a bit of green shoots in the

1796
01:19:55,360 --> 01:19:58,000
Speaker 28: data out there, but it's still very very soggy, and

1797
01:19:58,000 --> 01:20:00,519
Speaker 28: a lot can happen in three months. Also, off sure,

1798
01:20:00,560 --> 01:20:03,120
Speaker 28: we have an inauguration in the US, but you know,

1799
01:20:03,240 --> 01:20:06,160
Speaker 28: regardless if they did the point seventy five today instead

1800
01:20:06,160 --> 01:20:08,439
Speaker 28: of the half a percent. We still have an official

1801
01:20:08,439 --> 01:20:10,759
Speaker 28: cash right that starts with the four, so that's still

1802
01:20:10,800 --> 01:20:13,960
Speaker 28: considered to be very restrictive. And the Reserve Bank they're

1803
01:20:13,960 --> 01:20:16,640
Speaker 28: not expecting to get back to their the bounds of

1804
01:20:16,640 --> 01:20:20,040
Speaker 28: what they consider neutral, so not you know, stimulating growth,

1805
01:20:20,080 --> 01:20:23,360
Speaker 28: but not neither restricting growth. They're causing inflation until the

1806
01:20:23,439 --> 01:20:24,479
Speaker 28: end of twenty twenty five.

1807
01:20:25,240 --> 01:20:27,439
Speaker 2: And okay, so we've gone from five and a half

1808
01:20:27,479 --> 01:20:30,040
Speaker 2: to four point twenty five. The average mortgage rate that

1809
01:20:30,120 --> 01:20:31,960
Speaker 2: kiwis are paying is still close to six and a

1810
01:20:32,000 --> 01:20:34,599
Speaker 2: half why yeah, so that.

1811
01:20:34,640 --> 01:20:38,200
Speaker 28: Was highlighted today by Governor Or. So the effective interest

1812
01:20:38,320 --> 01:20:40,360
Speaker 28: rate that's six and a half percent that kiwis are

1813
01:20:40,360 --> 01:20:43,120
Speaker 28: paying right now, that's expected to drop to about five

1814
01:20:43,160 --> 01:20:45,840
Speaker 28: point eight percent by their calculations over the next year,

1815
01:20:45,880 --> 01:20:48,360
Speaker 28: which is still pretty high. And you know why is this?

1816
01:20:48,400 --> 01:20:51,639
Speaker 28: It really comes down to the margin pressures that banks

1817
01:20:51,640 --> 01:20:54,520
Speaker 28: are having on their funding costs. So they were benefiting

1818
01:20:54,560 --> 01:20:57,799
Speaker 28: from that lower funding from the Funding for Lending program,

1819
01:20:57,840 --> 01:21:00,719
Speaker 28: you know, cheap funding that the worbien zut able to provide.

1820
01:21:00,960 --> 01:21:02,960
Speaker 28: Let's now off the table. So the banks are having

1821
01:21:02,960 --> 01:21:05,800
Speaker 28: to pay up for more expensive deposits, so they're not

1822
01:21:05,920 --> 01:21:09,040
Speaker 28: rushing to cut their margins. And Governor Or he did

1823
01:21:09,120 --> 01:21:11,760
Speaker 28: notice that he does expect on the flip side that

1824
01:21:11,880 --> 01:21:14,479
Speaker 28: as we see some activity in the housing market pick up,

1825
01:21:14,840 --> 01:21:17,519
Speaker 28: we short start to see some competitive pressures come through.

1826
01:21:17,600 --> 01:21:20,200
Speaker 28: Because today there hasn't been much going on in terms

1827
01:21:20,240 --> 01:21:22,080
Speaker 28: of lending for the housing, so there hasn't been anything

1828
01:21:22,120 --> 01:21:25,000
Speaker 28: to be too competitive about. So he is hopeful, I

1829
01:21:25,040 --> 01:21:27,680
Speaker 28: suppose an optimistic that those margins will start to come

1830
01:21:27,720 --> 01:21:30,000
Speaker 28: down a bit and relief will be felt for mortgage owners.

1831
01:21:30,200 --> 01:21:32,000
Speaker 2: Kaitlyn, thanks for running us through that. I appreciate. It's

1832
01:21:32,040 --> 01:21:36,040
Speaker 2: Kaitlyn Pack and milfed Esset Management. I'm gonna tell Willie

1833
01:21:36,120 --> 01:21:38,160
Speaker 2: Jackson he's been heading the socials again. I'll tell you

1834
01:21:38,200 --> 01:21:41,280
Speaker 2: about that in a minute. And rock star Rod Stewart

1835
01:21:41,720 --> 01:21:44,400
Speaker 2: is going to play at Glassonbury next year. How good?

1836
01:21:44,760 --> 01:21:46,960
Speaker 2: How old is he? Like seventy nine or something like that.

1837
01:21:47,040 --> 01:21:49,640
Speaker 2: It is still looking good old Rod. Anyway, it's been

1838
01:21:49,680 --> 01:21:51,880
Speaker 2: twenty three years since he lasted. At last time he

1839
01:21:51,880 --> 01:21:55,240
Speaker 2: headlined was with Coldplay in two thousand and two. He's

1840
01:21:55,240 --> 01:21:58,519
Speaker 2: got the Legion slot on Sunday Afternoon. How good? Good

1841
01:21:58,520 --> 01:21:59,880
Speaker 2: on Rod Headline's next.

1842
01:22:00,280 --> 01:22:05,760
Speaker 3: But if it's to do with money, it matters to you.

1843
01:22:06,120 --> 01:22:10,160
Speaker 1: The Business Hour with Heather Duplic and my HR the

1844
01:22:10,360 --> 01:22:13,559
Speaker 1: HR solution for busy smys on News Talks.

1845
01:22:19,720 --> 01:22:22,360
Speaker 2: Right, we're off to the UK and ten minutes time. So, oh,

1846
01:22:22,640 --> 01:22:27,599
Speaker 2: this just came through. There was an auction today. I'm

1847
01:22:27,600 --> 01:22:29,120
Speaker 2: not going to name any names, so I don't want

1848
01:22:29,120 --> 01:22:31,720
Speaker 2: to cast dispersions on any businesses or anything at the moment,

1849
01:22:31,760 --> 01:22:33,720
Speaker 2: but there was an auction today by one prominent real

1850
01:22:33,800 --> 01:22:37,960
Speaker 2: estate company in Auckland. Twenty two passed in five sold.

1851
01:22:38,360 --> 01:22:41,080
Speaker 2: That's a terrible eighteen and a half percent sal rate.

1852
01:22:41,160 --> 01:22:42,600
Speaker 2: I think we need much more than a half a

1853
01:22:42,600 --> 01:22:45,120
Speaker 2: percentage point ocr cut to get things moving again. I

1854
01:22:45,439 --> 01:22:47,719
Speaker 2: think you might be about right there. Well, it takes

1855
01:22:47,720 --> 01:22:50,120
Speaker 2: a while for people to feel the pain coming off them, right.

1856
01:22:51,000 --> 01:22:53,559
Speaker 2: So Willie Jackson, Willie Jackson's hit the old social media

1857
01:22:53,640 --> 01:22:56,360
Speaker 2: again and this is about him wanting to have this

1858
01:22:56,439 --> 01:23:00,800
Speaker 2: debate with David Seymourn. Now I am not but I

1859
01:23:00,840 --> 01:23:03,360
Speaker 2: am not making this up. But remember when Willie Jackson

1860
01:23:03,439 --> 01:23:06,320
Speaker 2: was doing his like thing where he went on the

1861
01:23:06,320 --> 01:23:08,960
Speaker 2: Working Group podcast and just had a rave about me.

1862
01:23:09,320 --> 01:23:11,599
Speaker 2: What was that last week, wasn't it? It was last week,

1863
01:23:11,640 --> 01:23:14,639
Speaker 2: I think Anyway, he was on the Working Group podcast,

1864
01:23:14,640 --> 01:23:17,559
Speaker 2: and honestly, what he kept on saying to I don't

1865
01:23:17,560 --> 01:23:18,840
Speaker 2: know who it was he was talking to, but he

1866
01:23:18,880 --> 01:23:21,880
Speaker 2: was like, don't debate David Seymour. All David Seymour ever

1867
01:23:21,960 --> 01:23:24,559
Speaker 2: does is not answer your question to start asking you questions.

1868
01:23:24,600 --> 01:23:26,880
Speaker 2: Don't debate David Seymore, don't debate David Seymore. Don't debate

1869
01:23:26,960 --> 01:23:29,640
Speaker 2: Davids And then all of a sudden, Willie Jackson's now like,

1870
01:23:29,680 --> 01:23:31,719
Speaker 2: I'm going to debate David Seymour. I mean, the guy's

1871
01:23:31,720 --> 01:23:34,599
Speaker 2: head is a mess, isn't it. So now David Seamoll

1872
01:23:34,640 --> 01:23:36,040
Speaker 2: was like, well, I'm not going to debate you until

1873
01:23:36,040 --> 01:23:38,559
Speaker 2: you apologize for calling me a liar, which is fair

1874
01:23:38,680 --> 01:23:41,400
Speaker 2: enough because a liar is one of the most effamatory

1875
01:23:41,400 --> 01:23:43,880
Speaker 2: things you could say legally in this country. So now

1876
01:23:44,040 --> 01:23:47,360
Speaker 2: now Willy's had the socials. David's response to my debate

1877
01:23:47,400 --> 01:23:51,160
Speaker 2: has been extraordinary feeble when my challenge exclamation mark full

1878
01:23:51,200 --> 01:23:54,320
Speaker 2: stop both of them. When my challenge was put to David,

1879
01:23:54,360 --> 01:23:56,479
Speaker 2: he said I had to apologize first for calling him

1880
01:23:56,479 --> 01:23:59,400
Speaker 2: a liar. What weak sources that David, When did the

1881
01:23:59,400 --> 01:24:03,160
Speaker 2: great Freese Beach champion suddenly gets so easily triggered? Refusing

1882
01:24:03,200 --> 01:24:05,320
Speaker 2: to debate me because I have to apologize first. Sounds

1883
01:24:05,320 --> 01:24:07,679
Speaker 2: like you are scared, David. If you need an apology,

1884
01:24:07,680 --> 01:24:10,000
Speaker 2: here's one. I'm sorry you are dragging the nation through

1885
01:24:10,000 --> 01:24:12,600
Speaker 2: this pointless and devisive nonsense. Now man up and debate me.

1886
01:24:12,800 --> 01:24:15,519
Speaker 2: It's time to debate, David, your flawed bell. How about

1887
01:24:15,520 --> 01:24:18,000
Speaker 2: seven pm on Whiteitangy at white Tangy. Stop playing games

1888
01:24:18,000 --> 01:24:20,960
Speaker 2: in front? Do you know what that screams to me?

1889
01:24:21,200 --> 01:24:24,240
Speaker 2: That screams old mate feels like he's not actually front

1890
01:24:24,240 --> 01:24:26,800
Speaker 2: and center in this debate. He feels like the Mahi

1891
01:24:26,880 --> 01:24:28,840
Speaker 2: party is doing a better job of fronting this than him,

1892
01:24:28,880 --> 01:24:32,840
Speaker 2: and he's trying desperately, desperately to become relevant again in

1893
01:24:32,880 --> 01:24:34,720
Speaker 2: this debate twenty three away from seven.

1894
01:24:34,800 --> 01:24:35,920
Speaker 3: Ever due for see Allen.

1895
01:24:36,080 --> 01:24:38,320
Speaker 2: Now, this next story may sound at first like I'm

1896
01:24:38,360 --> 01:24:40,200
Speaker 2: making it up, but I promise you I'm not. An

1897
01:24:40,280 --> 01:24:42,200
Speaker 2: urban design company has come up with a plan to

1898
01:24:42,240 --> 01:24:45,759
Speaker 2: protect Westport from flooding by actually moving the whole town

1899
01:24:45,840 --> 01:24:47,880
Speaker 2: up a hill. The idea is to get some land

1900
01:24:47,880 --> 01:24:49,840
Speaker 2: corp land on some high ground off the government then

1901
01:24:49,840 --> 01:24:52,040
Speaker 2: build a new Westport there and gradually move everyone in

1902
01:24:52,080 --> 01:24:54,600
Speaker 2: the old Westport to the new location. The plan was

1903
01:24:54,640 --> 01:24:57,519
Speaker 2: presented to the Bulla District Council yesterday. Jamie Klein is

1904
01:24:57,560 --> 01:24:58,960
Speaker 2: the mayor of Buller and is with us now.

1905
01:24:58,960 --> 01:25:01,559
Speaker 21: Hey Jamie, goody, good evening, Heather.

1906
01:25:01,640 --> 01:25:02,439
Speaker 9: How are you well?

1907
01:25:02,479 --> 01:25:05,120
Speaker 2: Thank you to quote Queen Jamie. Is this real life

1908
01:25:05,320 --> 01:25:06,519
Speaker 2: or is this just fantasy?

1909
01:25:07,479 --> 01:25:07,719
Speaker 4: Look?

1910
01:25:07,760 --> 01:25:08,920
Speaker 3: It is real life.

1911
01:25:09,000 --> 01:25:12,400
Speaker 21: But I think the keyword there is gradually. So so

1912
01:25:12,479 --> 01:25:15,000
Speaker 21: initially this is about a option and a plan for

1913
01:25:15,160 --> 01:25:19,640
Speaker 21: growth for Westport, but off the back of growth and

1914
01:25:19,720 --> 01:25:21,799
Speaker 21: having a plan, and having a master plan in particular

1915
01:25:22,400 --> 01:25:26,320
Speaker 21: creates effectively an insurance policy for Westport for the twenty

1916
01:25:26,439 --> 01:25:27,880
Speaker 21: fifty one hundred years in the future.

1917
01:25:28,360 --> 01:25:31,400
Speaker 2: So you could basically continue to run the town where

1918
01:25:31,400 --> 01:25:32,960
Speaker 2: it is and build the wall that you are to

1919
01:25:33,000 --> 01:25:35,879
Speaker 2: protect it from the Buller River. But as you develop,

1920
01:25:36,080 --> 01:25:37,960
Speaker 2: this is the only land that you now develop, its

1921
01:25:38,040 --> 01:25:39,639
Speaker 2: land that's on higher ground. Would that be fair?

1922
01:25:40,560 --> 01:25:42,479
Speaker 21: Look, not the only land we developed. I mean there's

1923
01:25:42,720 --> 01:25:44,799
Speaker 21: mitigations and things that can be done in a hazard

1924
01:25:44,840 --> 01:25:48,080
Speaker 21: zone as well, but certainly obviously long term there's a

1925
01:25:48,120 --> 01:25:51,559
Speaker 21: hazard stack that exists over Westport. Building some flood protection

1926
01:25:51,720 --> 01:25:53,840
Speaker 21: is a key element of that to buy some time

1927
01:25:53,880 --> 01:25:56,200
Speaker 21: and protect what's here now. But part of a key

1928
01:25:56,240 --> 01:25:59,040
Speaker 21: part of master planning is not only where future Westport goes,

1929
01:25:59,120 --> 01:26:02,679
Speaker 21: but also how you manage and ensure that what we've

1930
01:26:02,680 --> 01:26:05,400
Speaker 21: got here now is able to prosper and do well

1931
01:26:05,400 --> 01:26:08,360
Speaker 21: as well. So it's important that we consider both sides

1932
01:26:08,360 --> 01:26:08,800
Speaker 21: of the river.

1933
01:26:08,840 --> 01:26:11,400
Speaker 2: If you like Jamie, how is how do you avoid though,

1934
01:26:11,479 --> 01:26:14,360
Speaker 2: people staying in the old Westport Because presumably what you

1935
01:26:14,400 --> 01:26:15,679
Speaker 2: want to do is you want to, you know, through

1936
01:26:15,720 --> 01:26:18,400
Speaker 2: attrition basically get people to buy all in the new

1937
01:26:18,439 --> 01:26:21,240
Speaker 2: development as they set like. So for example, let's say

1938
01:26:21,320 --> 01:26:23,599
Speaker 2: you're living in the old Westport, you sell your house

1939
01:26:24,160 --> 01:26:26,320
Speaker 2: when you move, you'd like them to move up the

1940
01:26:26,400 --> 01:26:28,240
Speaker 2: hill into the new Westport. How do you prevent them

1941
01:26:28,240 --> 01:26:30,120
Speaker 2: from not just buying another house in the old Westport

1942
01:26:30,120 --> 01:26:30,799
Speaker 2: and staying put.

1943
01:26:31,880 --> 01:26:33,840
Speaker 21: So you're not going to prevent anyone, there's nothing, there's

1944
01:26:33,840 --> 01:26:36,880
Speaker 21: nothing compulsory about any of this. This is about a

1945
01:26:36,920 --> 01:26:40,960
Speaker 21: long term vision around where people have options to build

1946
01:26:41,040 --> 01:26:44,280
Speaker 21: a less hazard prone land in the future. So that

1947
01:26:44,320 --> 01:26:46,479
Speaker 21: you know, the trick and the key is to is

1948
01:26:46,560 --> 01:26:50,160
Speaker 21: to manage the hazards that exists for old town if

1949
01:26:50,200 --> 01:26:53,120
Speaker 21: you like, but you know, but also planning for what's

1950
01:26:53,160 --> 01:26:55,560
Speaker 21: the potential for a long term future.

1951
01:26:55,360 --> 01:26:58,120
Speaker 2: But most likely outcome Jamie, that you're just going to

1952
01:26:58,160 --> 01:26:59,760
Speaker 2: end up with a big Westport where people are still

1953
01:26:59,800 --> 01:27:02,080
Speaker 2: living the dodgy pat and some people are still living

1954
01:27:02,080 --> 01:27:02,639
Speaker 2: in the good part.

1955
01:27:03,840 --> 01:27:05,760
Speaker 21: But pretty nice to be able to give people some

1956
01:27:05,880 --> 01:27:08,400
Speaker 21: options and hope and choice. So I guess if if

1957
01:27:08,880 --> 01:27:11,360
Speaker 21: you know there's another significant event, you know, of course

1958
01:27:11,400 --> 01:27:13,400
Speaker 21: we're not just talking flooding here. We're talking about, you know,

1959
01:27:13,479 --> 01:27:17,160
Speaker 21: multiple hazards. There's obviously a fate and other risks that

1960
01:27:17,240 --> 01:27:19,639
Speaker 21: are on the on the plane here a fate earthquake

1961
01:27:19,680 --> 01:27:23,360
Speaker 21: Alpine four eight earthquake, which is obviously concerning large parts

1962
01:27:23,360 --> 01:27:25,160
Speaker 21: of the South Island as well. So there's you know,

1963
01:27:25,200 --> 01:27:27,280
Speaker 21: there's the point is that it's not just flooding we're

1964
01:27:27,280 --> 01:27:30,320
Speaker 21: worried about it. It's other things and long term there's

1965
01:27:30,360 --> 01:27:34,479
Speaker 21: some great land. We're very fortunate to have proximity to decent,

1966
01:27:35,040 --> 01:27:38,080
Speaker 21: less hazard prone land that we can explore over the

1967
01:27:38,240 --> 01:27:39,200
Speaker 21: coming generations.

1968
01:27:39,400 --> 01:27:41,000
Speaker 2: But does this mean that we've just paid a bunch

1969
01:27:41,000 --> 01:27:42,960
Speaker 2: of people five hundred thousand to tell us that the

1970
01:27:43,000 --> 01:27:45,000
Speaker 2: next part of town that we developed should be Upperhill,

1971
01:27:45,040 --> 01:27:45,960
Speaker 2: which is just obvious.

1972
01:27:47,880 --> 01:27:51,040
Speaker 21: No, So I mean there's a lot more than that. So,

1973
01:27:51,080 --> 01:27:53,960
Speaker 21: I mean there's one element, clearly elevation is helpful, but no,

1974
01:27:54,040 --> 01:27:57,320
Speaker 21: this is this is about being a community driven plan.

1975
01:27:57,520 --> 01:28:01,240
Speaker 21: So certainly, very clever people from ISTHMUS have got the

1976
01:28:01,240 --> 01:28:01,960
Speaker 21: plan to where it is.

1977
01:28:02,000 --> 01:28:02,160
Speaker 4: Now.

1978
01:28:02,280 --> 01:28:06,320
Speaker 21: The next phase is that community engagement and understand whether

1979
01:28:06,439 --> 01:28:09,080
Speaker 21: or not you know that we've got that right if

1980
01:28:09,080 --> 01:28:11,639
Speaker 21: you like, test that with the community and ultimately land

1981
01:28:11,640 --> 01:28:14,720
Speaker 21: a final plan that then we champion. Is then how

1982
01:28:14,760 --> 01:28:18,559
Speaker 21: do we gradually make that possible over the coming decades.

1983
01:28:19,200 --> 01:28:20,800
Speaker 2: Jamie, thanks for talking us through it to appreciate it.

1984
01:28:20,800 --> 01:28:24,120
Speaker 2: That's Jammie Kline the Buller Mare. Now. Earlier this week

1985
01:28:24,320 --> 01:28:27,519
Speaker 2: it's not another subject. We spoke about that Farmac decision

1986
01:28:27,840 --> 01:28:30,800
Speaker 2: to change which hormone replacement therapy patches at funds. You

1987
01:28:30,840 --> 01:28:32,960
Speaker 2: might remember this. It's not going down. I thought this

1988
01:28:33,040 --> 01:28:34,439
Speaker 2: was good news. I thought a few we're going to

1989
01:28:34,439 --> 01:28:36,280
Speaker 2: get rid of the shortage. No, not going down well

1990
01:28:36,320 --> 01:28:39,200
Speaker 2: at all. The problem is that the one that Farmac

1991
01:28:39,320 --> 01:28:42,320
Speaker 2: was funding was apparently the best one, and now it

1992
01:28:42,320 --> 01:28:45,439
Speaker 2: has this global shortage, right, so they switched suppliers basic

1993
01:28:45,520 --> 01:28:48,599
Speaker 2: to basically to one that's inferior for a lot of women.

1994
01:28:48,680 --> 01:28:50,800
Speaker 2: But we can get more of it. Kate Roger. Now

1995
01:28:50,840 --> 01:28:53,360
Speaker 2: you remember Kate Roger as in like Kate Roger who

1996
01:28:53,520 --> 01:28:56,240
Speaker 2: used to do the movie reviews and all that kind

1997
01:28:56,240 --> 01:28:59,360
Speaker 2: of entertainment stuff on TV three. Kate Roger is a

1998
01:28:59,400 --> 01:29:02,680
Speaker 2: massive camp for understanding menopause and stuff like that. She's

1999
01:29:02,680 --> 01:29:05,120
Speaker 2: gone online, she says, far Mac only funding the shiite patch,

2000
01:29:05,360 --> 01:29:08,479
Speaker 2: which falls off and or itches like a mofo question mark.

2001
01:29:09,000 --> 01:29:11,000
Speaker 2: Estra dot is by far and away the most popular

2002
01:29:11,120 --> 01:29:12,960
Speaker 2: estrogen patch with the least number of side effects. But

2003
01:29:12,960 --> 01:29:15,280
Speaker 2: if New Zealand women want Estra dot, we will soon

2004
01:29:15,360 --> 01:29:17,040
Speaker 2: have to pay for it. This is such a backward

2005
01:29:17,040 --> 01:29:20,200
Speaker 2: step and such bs. They are so upset about this.

2006
01:29:20,479 --> 01:29:22,040
Speaker 2: I'm just gonna put this in context, like, it's not

2007
01:29:22,080 --> 01:29:24,599
Speaker 2: the most expensive though. It's about forty bucks a month

2008
01:29:24,600 --> 01:29:27,240
Speaker 2: if I remember correctly, So I think that's what's that

2009
01:29:27,320 --> 01:29:28,760
Speaker 2: ten bucks a week? I mean, you'd rather not be

2010
01:29:28,800 --> 01:29:31,880
Speaker 2: spending the money, obviously, rather be spending it on something else,

2011
01:29:32,760 --> 01:29:36,360
Speaker 2: ice creams, whatever, but bus fares because that's going up.

2012
01:29:36,400 --> 01:29:39,559
Speaker 2: But it's been funded. Now it's not and so people

2013
01:29:39,560 --> 01:29:41,800
Speaker 2: are upset. So now there is a petition and now

2014
01:29:41,880 --> 01:29:44,080
Speaker 2: David Semore, the Minister of farmak is actually going to

2015
01:29:44,080 --> 01:29:46,240
Speaker 2: speak to FARMAC about it. And when David Seymour gets

2016
01:29:46,240 --> 01:29:48,320
Speaker 2: involved in things, you generally expect things to change. To

2017
01:29:48,360 --> 01:29:50,360
Speaker 2: keep an eye on that. Seventeen away from seven.

2018
01:29:50,560 --> 01:29:54,160
Speaker 1: Croaching the numbers and getting the results. It's headed duplic

2019
01:29:54,320 --> 01:29:57,880
Speaker 1: Ellen with the Business Hour thanks to my HR the

2020
01:29:58,120 --> 01:30:02,879
Speaker 1: HR solution for busy sm on news talks hereby here.

2021
01:30:02,680 --> 01:30:04,800
Speaker 2: That my wife is crazy angry with me this month

2022
01:30:04,840 --> 01:30:07,200
Speaker 2: as the hormone replacement for angry wives or pay teen

2023
01:30:07,240 --> 01:30:09,559
Speaker 2: thousand dollars a month mas to be fair. If she's

2024
01:30:09,600 --> 01:30:12,400
Speaker 2: angry with you, it's probably your fault. Fourteen away from

2025
01:30:12,400 --> 01:30:14,880
Speaker 2: Stephen k Oliver, UK correspondent with US. Now, Hey ky,

2026
01:30:16,560 --> 01:30:18,880
Speaker 2: hello to Heather. So we've got a bunch of former

2027
01:30:18,920 --> 01:30:21,200
Speaker 2: prime ministers who've come out in opposition right to the

2028
01:30:21,200 --> 01:30:22,560
Speaker 2: assisted dying legislation.

2029
01:30:24,320 --> 01:30:27,400
Speaker 29: Absolutely as we move much closer to this vote, which

2030
01:30:27,400 --> 01:30:30,599
Speaker 29: is in two days time, the three former Conservative MPs

2031
01:30:30,840 --> 01:30:34,200
Speaker 29: Boris Johnson, Liz Trauss and Baroness May have now added

2032
01:30:34,240 --> 01:30:36,840
Speaker 29: their voices to all those people who are coming out

2033
01:30:37,040 --> 01:30:43,080
Speaker 29: against this. The Labor MP Kim Ledbetter has proposed this bill,

2034
01:30:43,439 --> 01:30:47,080
Speaker 29: the Terminally Ill Adults end of Life Bill, and that's

2035
01:30:47,120 --> 01:30:50,080
Speaker 29: going to be heard an open vote in the Commons

2036
01:30:50,120 --> 01:30:53,240
Speaker 29: on Friday. But it does seem that there are several

2037
01:30:53,320 --> 01:30:56,519
Speaker 29: voices now along with the Health Secretary who has said

2038
01:30:56,520 --> 01:30:59,360
Speaker 29: he will vote against it, and the Justice Secretary has

2039
01:30:59,400 --> 01:31:02,000
Speaker 29: also said vote against it. There's a lot of debate

2040
01:31:02,080 --> 01:31:05,080
Speaker 29: going on here because people are saying it gives people

2041
01:31:05,240 --> 01:31:08,240
Speaker 29: who've got six months or less to live the chance

2042
01:31:08,360 --> 01:31:10,679
Speaker 29: to get permission to take their own lives from these

2043
01:31:11,280 --> 01:31:13,960
Speaker 29: two doctors at a High Court judge. But there's a

2044
01:31:14,439 --> 01:31:19,040
Speaker 29: perhaps a chance for a misinterpretation, and also people it's

2045
01:31:19,120 --> 01:31:21,439
Speaker 29: very difficult. A doctor has said, it's very difficult to

2046
01:31:21,520 --> 01:31:25,080
Speaker 29: say how long somebody actually has to live, particularly in

2047
01:31:25,120 --> 01:31:28,120
Speaker 29: cases like cancer, where we've heard stories of people who've

2048
01:31:28,160 --> 01:31:32,000
Speaker 29: defied the odds by up to ten twenty years sometimes.

2049
01:31:32,040 --> 01:31:35,320
Speaker 29: So there is this ongoing debate, and I think Friday

2050
01:31:35,479 --> 01:31:37,879
Speaker 29: is really going to be one of the most interesting

2051
01:31:37,960 --> 01:31:40,160
Speaker 29: sessions in the House of Commons for many a year.

2052
01:31:40,400 --> 01:31:42,519
Speaker 2: Is there any indication as to whether this is going

2053
01:31:42,560 --> 01:31:43,240
Speaker 2: to pass or not?

2054
01:31:44,800 --> 01:31:49,040
Speaker 29: Well, a lot of people are holding the cards close

2055
01:31:49,120 --> 01:31:51,720
Speaker 29: to their chest, Heather, we still don't really know how

2056
01:31:51,800 --> 01:31:54,240
Speaker 29: Keir Starmer is going to vote. I think at one

2057
01:31:54,280 --> 01:31:56,680
Speaker 29: point it looked like a lot of people, particularly the

2058
01:31:56,680 --> 01:31:59,880
Speaker 29: English public, two thirds are in favor, but it does

2059
01:32:00,200 --> 01:32:03,760
Speaker 29: that now there are some doubting voices coming through. So

2060
01:32:03,920 --> 01:32:06,439
Speaker 29: I still think this is a fifty to fifty decision

2061
01:32:06,720 --> 01:32:08,519
Speaker 29: and that a lot of people, as I say, haven't

2062
01:32:08,520 --> 01:32:11,400
Speaker 29: actually said how they're going to vote.

2063
01:32:11,600 --> 01:32:13,599
Speaker 2: Now, what do you know about these drinks that are

2064
01:32:13,640 --> 01:32:15,599
Speaker 2: linked to Colin McGregor. What's going on here?

2065
01:32:17,160 --> 01:32:20,960
Speaker 29: Well, Colin McGregor the Mixed Martial arts store. There was

2066
01:32:21,000 --> 01:32:23,960
Speaker 29: a civil case in Dublin which had a result last

2067
01:32:24,000 --> 01:32:27,519
Speaker 29: week where that a lady, Nakita Hand, had accused him

2068
01:32:27,520 --> 01:32:30,880
Speaker 29: of rape and her accusation was upheld by a civil

2069
01:32:31,000 --> 01:32:34,320
Speaker 29: jury and he's had to give her a quarter of

2070
01:32:34,360 --> 01:32:38,600
Speaker 29: a million euros. And it now seems that retailers like

2071
01:32:38,720 --> 01:32:43,200
Speaker 29: Tesco here one of the giants, is pulling an alcohol

2072
01:32:43,280 --> 01:32:47,439
Speaker 29: brand called I think it's Number twelve Irish whiskey from

2073
01:32:47,560 --> 01:32:52,320
Speaker 29: sale in their stores and online because McGregor, who sold

2074
01:32:52,400 --> 01:32:54,800
Speaker 29: his company for a room at one hundred and three

2075
01:32:54,840 --> 01:32:58,400
Speaker 29: million pounds three years ago. His image is still very

2076
01:32:58,479 --> 01:33:02,439
Speaker 29: much linked to this product, and it's seeing as something

2077
01:33:02,479 --> 01:33:04,360
Speaker 29: that they want to they want to pull, want to

2078
01:33:04,360 --> 01:33:07,120
Speaker 29: get rid of it. And I thought also understand there's

2079
01:33:07,120 --> 01:33:10,439
Speaker 29: a Stout brand that he's linked to that's also going

2080
01:33:10,439 --> 01:33:11,200
Speaker 29: off the shelves.

2081
01:33:11,640 --> 01:33:13,960
Speaker 2: I can kind of understand that now, this Chip who's

2082
01:33:14,040 --> 01:33:16,280
Speaker 2: just died, who was the world's oldest guy, what advice

2083
01:33:16,320 --> 01:33:18,280
Speaker 2: has he given us for? How did he give us

2084
01:33:18,280 --> 01:33:19,920
Speaker 2: any advice for how we can also live to the

2085
01:33:19,960 --> 01:33:21,080
Speaker 2: ripe old age of what one want to?

2086
01:33:22,439 --> 01:33:22,559
Speaker 14: Well?

2087
01:33:22,600 --> 01:33:25,080
Speaker 29: Do you know I look for that ripe old advice

2088
01:33:25,120 --> 01:33:27,800
Speaker 29: because when I was out on my gent little local newspapers,

2089
01:33:27,800 --> 01:33:29,640
Speaker 29: we always asked that and he didn't. But all I

2090
01:33:29,680 --> 01:33:34,000
Speaker 29: know is that he was put into the Guinness Book

2091
01:33:34,000 --> 01:33:37,280
Speaker 29: of Records as the world's oldest man in April twenty

2092
01:33:37,360 --> 01:33:41,679
Speaker 29: twenty four. I think he lived a fairly calm, quiet life, Heather.

2093
01:33:42,200 --> 01:33:46,160
Speaker 29: He was in a care home in Southport and apparently

2094
01:33:46,200 --> 01:33:50,160
Speaker 29: he died surrounded by his loved ones and lots of music.

2095
01:33:50,240 --> 01:33:53,479
Speaker 29: So maybe music was the key for him. Certainly played

2096
01:33:53,479 --> 01:33:55,559
Speaker 29: a big part when he was passing away.

2097
01:33:56,439 --> 01:33:58,840
Speaker 2: Okay, thanks very much, I really appreciate it. I also

2098
01:33:58,840 --> 01:34:01,960
Speaker 2: look for that advice. Okay, Oliver UK corresponding eleven away from.

2099
01:34:01,800 --> 01:34:05,639
Speaker 3: Seven getting ready for a new administration in the US.

2100
01:34:05,960 --> 01:34:07,160
Speaker 3: What will be the impact?

2101
01:34:07,360 --> 01:34:10,640
Speaker 1: It's the Business Hour with Heather Duplessy Allen and my

2102
01:34:10,960 --> 01:34:14,320
Speaker 1: HR the HR solution for busy SMS news talks.

2103
01:34:14,360 --> 01:34:14,640
Speaker 3: That'd be.

2104
01:34:16,640 --> 01:34:19,240
Speaker 2: As away from seven. Listen. We've been getting texts this

2105
01:34:19,280 --> 01:34:21,400
Speaker 2: afternoon suggesting that there's a problem with the water in

2106
01:34:21,439 --> 01:34:24,719
Speaker 2: Auckland re arsenic levels. Right now we have Steve Taylor,

2107
01:34:24,720 --> 01:34:27,920
Speaker 2: head of operations at Water Services Authority toe Mata away

2108
01:34:28,040 --> 01:34:31,720
Speaker 2: with US Steve hellowning what's the situation?

2109
01:34:33,000 --> 01:34:37,840
Speaker 30: So we nnified earlier that they have done some increase

2110
01:34:38,000 --> 01:34:42,840
Speaker 30: levels of USNAK. So you're probably the way the river

2111
01:34:43,080 --> 01:34:45,760
Speaker 30: source water for a number of don't you want to

2112
01:34:45,760 --> 01:34:50,599
Speaker 30: supplies and including parts Auckland oil port plant and also Hamilton.

2113
01:34:51,080 --> 01:34:54,680
Speaker 2: Okay, Steve, before you carry on, your phone line is

2114
01:34:54,680 --> 01:34:56,920
Speaker 2: so dodgy it's almost impossible to hear you right now.

2115
01:34:56,960 --> 01:34:58,559
Speaker 2: Is there Is it possible that you can maybe move

2116
01:34:58,600 --> 01:35:00,800
Speaker 2: into a better reception area, will take a phone or

2117
01:35:00,800 --> 01:35:02,679
Speaker 2: speakerphone or whatever it is that's causing the problem.

2118
01:35:02,760 --> 01:35:04,640
Speaker 24: Yeah, sure, Is that any better.

2119
01:35:05,000 --> 01:35:08,320
Speaker 2: Marginally carry on. Okay, So what I've got from struggling

2120
01:35:08,320 --> 01:35:10,240
Speaker 2: to hear that is that there is elevated levels of

2121
01:35:10,320 --> 01:35:12,320
Speaker 2: arsenic in the White Cuttle River, which is the feeder

2122
01:35:12,400 --> 01:35:14,559
Speaker 2: for Auckland and the White Cuttle's water.

2123
01:35:14,680 --> 01:35:21,519
Speaker 30: Right, that's great, Yes, So there are naturally elevated levels,

2124
01:35:21,600 --> 01:35:24,120
Speaker 30: or there is naturally a level of enam like at

2125
01:35:24,120 --> 01:35:28,800
Speaker 30: a river. What we've been notified of is that those

2126
01:35:29,479 --> 01:35:32,479
Speaker 30: levels have increased recently. I'm not sure what the reason

2127
01:35:32,520 --> 01:35:36,600
Speaker 30: for that increases, and that is accepting water supplies in

2128
01:35:36,720 --> 01:35:44,360
Speaker 30: Auckland and Hamilton. However, the level of arthenak is it's

2129
01:35:44,400 --> 01:35:49,360
Speaker 30: above what we've described as a maximum acceptable value, but

2130
01:35:49,520 --> 01:35:52,439
Speaker 30: it's not at a level that we would suggest as

2131
01:35:52,479 --> 01:35:54,120
Speaker 30: a significant health effect.

2132
01:35:54,800 --> 01:35:56,720
Speaker 3: So the should.

2133
01:35:56,439 --> 01:35:58,240
Speaker 2: People continue to drink the water if they are in

2134
01:35:58,280 --> 01:36:00,200
Speaker 2: Hamilton or Auckland shoul They drink the water coming out

2135
01:36:00,200 --> 01:36:01,479
Speaker 2: of their taps.

2136
01:36:02,080 --> 01:36:08,120
Speaker 30: So there's no health risk in drinking that water. What

2137
01:36:08,160 --> 01:36:12,280
Speaker 30: we would expect is that both levels of arsenic would

2138
01:36:12,280 --> 01:36:18,000
Speaker 30: reduce over time. So the makesimum acceptable value for arsenic

2139
01:36:18,200 --> 01:36:21,920
Speaker 30: is zero point zero one ns a leader, which is

2140
01:36:22,840 --> 01:36:27,320
Speaker 30: an incredibly low amount. We've single levels at about zero

2141
01:36:27,720 --> 01:36:32,720
Speaker 30: point zero one three, which is largely above big acceptable

2142
01:36:32,800 --> 01:36:37,840
Speaker 30: value for drinking water. So we're encouraging water Care and

2143
01:36:38,000 --> 01:36:43,200
Speaker 30: Hamilton City Council to communicate creatively with these people in

2144
01:36:43,200 --> 01:36:46,120
Speaker 30: those hereas just ensure that people are aware that there

2145
01:36:46,160 --> 01:36:48,920
Speaker 30: are elevated levels of arsenic in the drinking water, but

2146
01:36:49,000 --> 01:36:51,760
Speaker 30: to be quite clear that this is not a significant

2147
01:36:52,439 --> 01:36:53,320
Speaker 30: public health risk.

2148
01:36:53,520 --> 01:36:55,599
Speaker 2: Okay, yes or no? People keep drinking out of their taps,

2149
01:36:55,600 --> 01:36:59,559
Speaker 2: absolutely fine, Yes, what about if they are in vulnerable

2150
01:36:59,560 --> 01:37:06,120
Speaker 2: groups like maybe immunocompromise, pregnant little babies on bottles, older people, Yes.

2151
01:37:06,000 --> 01:37:10,160
Speaker 30: So's keep thinking about the maximum acceptable value for arsenic

2152
01:37:10,640 --> 01:37:13,680
Speaker 30: as it's designed for long term exposure, so it's not

2153
01:37:13,760 --> 01:37:18,280
Speaker 30: on acute level unlike some other levels. You know, if

2154
01:37:18,280 --> 01:37:21,120
Speaker 30: you see that level that has an immediate healthphy, that's

2155
01:37:21,160 --> 01:37:22,639
Speaker 30: not the case with these levels.

2156
01:37:22,720 --> 01:37:24,680
Speaker 2: Okay, And how long has it been like the Steve.

2157
01:37:25,720 --> 01:37:29,840
Speaker 30: So we're not afraid of elevated levels today. So it's

2158
01:37:29,880 --> 01:37:36,479
Speaker 30: been a very short term situation where we've contacted the

2159
01:37:36,800 --> 01:37:39,719
Speaker 30: regional council to try and understand what is the reason

2160
01:37:39,800 --> 01:37:43,759
Speaker 30: for this change in source water is to say temporary

2161
01:37:43,800 --> 01:37:48,639
Speaker 30: event as it's something a broader concern around the river itself,

2162
01:37:49,320 --> 01:37:51,920
Speaker 30: and we'll be getting updates from the Regional Council on

2163
01:37:51,960 --> 01:37:52,960
Speaker 30: that as they find out more.

2164
01:37:53,120 --> 01:37:54,800
Speaker 2: And are you expecting because we've been trying to get

2165
01:37:54,800 --> 01:37:56,479
Speaker 2: a hold of water Care for well over an hour

2166
01:37:56,479 --> 01:37:58,400
Speaker 2: and now heard nothing. You expect them to actually pipe

2167
01:37:58,479 --> 01:37:59,080
Speaker 2: up and say something.

2168
01:38:00,439 --> 01:38:04,519
Speaker 30: Well, certainly expect them to communic proactively sort quant that

2169
01:38:04,960 --> 01:38:08,880
Speaker 30: people to understand what's in the water enough to work

2170
01:38:08,960 --> 01:38:10,320
Speaker 30: and all, and that's not communicated.

2171
01:38:10,520 --> 01:38:12,760
Speaker 2: Brilliant stuff, Steve listen, thanks for your time, mate, appreciate that.

2172
01:38:12,760 --> 01:38:15,559
Speaker 2: Steve Taylor, head of Operations at Water Services Authority to

2173
01:38:15,600 --> 01:38:18,120
Speaker 2: about the otherwise. So just quick recap for you so

2174
01:38:18,160 --> 01:38:19,840
Speaker 2: you can drink the water that's coming out of your

2175
01:38:19,880 --> 01:38:21,760
Speaker 2: taps if you're in Hamilton and Auckland, those are the

2176
01:38:21,760 --> 01:38:25,400
Speaker 2: affected areas slightly slightly elevated levels of arsenic but as

2177
01:38:25,439 --> 01:38:27,320
Speaker 2: he was saying, they normally would like it to be

2178
01:38:27,439 --> 01:38:29,920
Speaker 2: zero point zero one milligrams perlitter at zero point zero

2179
01:38:29,960 --> 01:38:33,719
Speaker 2: one three, So it is okay and water Care needs

2180
01:38:33,760 --> 01:38:35,240
Speaker 2: to say something and what have you got.

2181
01:38:35,800 --> 01:38:37,720
Speaker 12: We're going to go with flex by blind Spot to

2182
01:38:37,720 --> 01:38:41,120
Speaker 12: play us out tonight. They have been announced for the

2183
01:38:41,120 --> 01:38:44,120
Speaker 12: Paradise City Rock Festival in Auckland early next year. We

2184
01:38:44,160 --> 01:38:45,720
Speaker 12: already knew that alien Ant Farm were going to play

2185
01:38:45,760 --> 01:38:47,280
Speaker 12: at this one. We were going to get some some

2186
01:38:47,360 --> 01:38:49,280
Speaker 12: Osi and Aussie band over as well. They've pulled out,

2187
01:38:49,320 --> 01:38:52,040
Speaker 12: but blind Spot are the replacement also pulled down. The

2188
01:38:52,080 --> 01:38:54,000
Speaker 12: sign out of Wanganui and written by Wolves out of

2189
01:38:54,000 --> 01:38:56,800
Speaker 12: Auckland will be at that one. That one will be

2190
01:38:57,040 --> 01:39:01,160
Speaker 12: in Auckland at the Trust Arena.

2191
01:39:01,439 --> 01:39:03,519
Speaker 2: Where are these guys from? They're not Kiwi, say they

2192
01:39:03,560 --> 01:39:04,599
Speaker 2: are blind Spot our Kiwi.

2193
01:39:05,000 --> 01:39:05,160
Speaker 7: Oh?

2194
01:39:05,160 --> 01:39:06,960
Speaker 2: Because did they have the sixy drummer who was going

2195
01:39:06,960 --> 01:39:08,080
Speaker 2: out with Sally rich Shelter?

2196
01:39:08,200 --> 01:39:11,080
Speaker 12: All right, that's the one, yep, Sally Ridge. Was he

2197
01:39:11,120 --> 01:39:11,920
Speaker 12: going out with Sally Rode?

2198
01:39:12,240 --> 01:39:15,160
Speaker 2: You of the I can't remember. He was going out

2199
01:39:15,160 --> 01:39:15,840
Speaker 2: with somebody.

2200
01:39:15,640 --> 01:39:17,880
Speaker 12: Kind of hot. He's been in a bunch of other

2201
01:39:17,920 --> 01:39:19,479
Speaker 12: bands as well. He's been an I AM Giant and

2202
01:39:19,479 --> 01:39:21,680
Speaker 12: he performs by himself as did be and he was

2203
01:39:21,720 --> 01:39:23,160
Speaker 12: a judge on the ex Factor.

2204
01:39:22,960 --> 01:39:23,479
Speaker 30: At one point.

2205
01:39:24,280 --> 01:39:27,040
Speaker 2: There you go, okay, thank you for that and it's okay, listen,

2206
01:39:27,240 --> 01:39:29,880
Speaker 2: enjoy your evening, see tomorrow news talks. He'd been.

2207
01:39:48,439 --> 01:39:54,040
Speaker 31: Not one day that you are here has been promised

2208
01:39:54,080 --> 01:39:58,560
Speaker 31: to do. You'll make the most of every day. It

2209
01:39:59,280 --> 01:40:03,960
Speaker 31: was your last and every breath has different.

2210
01:40:04,160 --> 01:40:08,040
Speaker 3: It was seen for more from Hither Duplessy Allen Drive.

2211
01:40:08,200 --> 01:40:11,600
Speaker 1: Listen live to news talks it'd be from four pm weekdays,

2212
01:40:11,720 --> 01:40:13,920
Speaker 1: or follow the podcast on iHeartRadio.