1 00:00:01,200 --> 00:00:05,360 Speaker 1: The issues, the interviews and the insight. Ryan Bridge on 2 00:00:05,600 --> 00:00:09,319 Speaker 1: earlier issue with one roof love where you Live News 3 00:00:09,360 --> 00:00:10,800 Speaker 1: Talk sai'd be good morning at. 4 00:00:10,680 --> 00:00:13,160 Speaker 2: Six after five. We'll look at the earthquake building standards 5 00:00:13,160 --> 00:00:15,720 Speaker 2: this morning. Donna Demayo in Australia with Elbow in London. 6 00:00:15,760 --> 00:00:18,720 Speaker 2: The Rbians says, whoop Sea on COVID inflation and for 7 00:00:18,800 --> 00:00:21,439 Speaker 2: all the talk on the health system and crisis, results 8 00:00:21,440 --> 00:00:23,440 Speaker 2: aren't really backing that up. We'll give you those numbers 9 00:00:23,440 --> 00:00:28,240 Speaker 2: this morning too. The agenda Tuesday, the thirtieth of September. 10 00:00:28,280 --> 00:00:30,560 Speaker 2: Trump's having dinner right now with Nettan Yahoo at the 11 00:00:30,600 --> 00:00:33,280 Speaker 2: White House. On the menu as this Garza piece Steel here, 12 00:00:33,440 --> 00:00:34,240 Speaker 2: Caroline Leavitt. 13 00:00:34,840 --> 00:00:37,880 Speaker 3: The President knows and believes that this is as good 14 00:00:37,880 --> 00:00:40,760 Speaker 3: of a plan as these sides are going to see. 15 00:00:40,800 --> 00:00:42,560 Speaker 2: And that's why it's twenty one points. 16 00:00:42,560 --> 00:00:44,240 Speaker 4: It's very detailed, it's comprehensive. 17 00:00:44,400 --> 00:00:47,320 Speaker 2: Ultimately, the President knows when you get to a good deal, 18 00:00:47,680 --> 00:00:50,240 Speaker 2: both sides are going to leave a little bit unhappy. 19 00:00:50,479 --> 00:00:52,319 Speaker 5: But we need this conflict to end. 20 00:00:52,560 --> 00:00:55,240 Speaker 2: Hamas says it still hasn't seen the proposal to Britain. 21 00:00:55,240 --> 00:00:58,080 Speaker 2: Now the Labour Party conference rolls into another day. Rachel 22 00:00:58,080 --> 00:00:59,880 Speaker 2: Reeves sounds like she's going to keep on cutting. 23 00:01:00,240 --> 00:01:01,080 Speaker 6: There are still. 24 00:01:00,880 --> 00:01:03,880 Speaker 5: People who peddle the idea that we could just abandon 25 00:01:03,920 --> 00:01:08,120 Speaker 5: economic responsibility, cast off any constraints on spending. 26 00:01:09,120 --> 00:01:11,000 Speaker 2: They're wrong, dangerously sorry. 27 00:01:11,360 --> 00:01:14,240 Speaker 7: Our first year in power was about fixing the foundations. 28 00:01:14,680 --> 00:01:18,000 Speaker 7: Our seconds must be about building a renewed economy for 29 00:01:18,120 --> 00:01:18,959 Speaker 7: a renewed Britain. 30 00:01:19,280 --> 00:01:22,640 Speaker 2: Staying in Europe. We spoke yesterday about Moldova. Well, the 31 00:01:22,680 --> 00:01:26,720 Speaker 2: pro EU party one Putent's lot loss, so they're still 32 00:01:26,840 --> 00:01:30,040 Speaker 2: keen on joining the EU. There here's the President, Maya Sandu. 33 00:01:30,560 --> 00:01:33,959 Speaker 8: We want to keep this country stable. We want to 34 00:01:34,120 --> 00:01:37,920 Speaker 8: keep this country part of the three worlds. And no 35 00:01:37,959 --> 00:01:40,560 Speaker 8: matter how difficult it is, and no matter how big 36 00:01:40,600 --> 00:01:44,039 Speaker 8: the pressure from our school is and will be, will 37 00:01:44,040 --> 00:01:46,679 Speaker 8: continue because we believe in this and you is a 38 00:01:46,680 --> 00:01:49,880 Speaker 8: fist project, because we believe in freedom and democracy. 39 00:01:51,000 --> 00:01:54,320 Speaker 1: News and Views you Trust. To start your day, It's 40 00:01:54,440 --> 00:01:58,560 Speaker 1: early edition with Bryan Bridge and one roof love where 41 00:01:58,600 --> 00:01:58,960 Speaker 1: you Live. 42 00:01:59,200 --> 00:02:01,400 Speaker 2: News Talk said it's gone d after five grades. To 43 00:02:01,440 --> 00:02:03,760 Speaker 2: have your company nine two nine two the number to text. 44 00:02:04,040 --> 00:02:05,920 Speaker 2: Two things to get off my chest this morning. One 45 00:02:05,960 --> 00:02:08,519 Speaker 2: is the priest I mean, honestly, just go back to church. 46 00:02:08,680 --> 00:02:12,519 Speaker 2: I'm sick of it. I'm absolutely sick of it, chaining 47 00:02:12,560 --> 00:02:17,160 Speaker 2: themselves to lamp posts to I mean, look, isn't religion 48 00:02:17,240 --> 00:02:20,080 Speaker 2: part of the problem in the Middle East to begin with? 49 00:02:21,040 --> 00:02:22,640 Speaker 2: Is that not the elephant in the room and the 50 00:02:22,639 --> 00:02:27,040 Speaker 2: electroc office for you? Honestly, I've just had enough of it. 51 00:02:27,120 --> 00:02:29,560 Speaker 2: Go back to church, and look, I've got nothing against religion. 52 00:02:29,639 --> 00:02:32,200 Speaker 2: I believe everyone should be free to believe in whatever 53 00:02:32,200 --> 00:02:35,080 Speaker 2: they want to believe in. But if I wanted, you know, 54 00:02:35,600 --> 00:02:38,400 Speaker 2: self righteous moral grandstanding from a vicar, I'd go to 55 00:02:38,480 --> 00:02:43,680 Speaker 2: church myself. Just annoying, go pray quietly in your congregations. 56 00:02:43,840 --> 00:02:47,399 Speaker 2: Luxon has written a letter to Chippy and he's then 57 00:02:47,480 --> 00:02:50,200 Speaker 2: released it. Well it looks like let release it to 58 00:02:50,240 --> 00:02:52,560 Speaker 2: the Herald, so they've got their hands on it, published 59 00:02:52,560 --> 00:02:56,480 Speaker 2: it this morning. The timing of the letter is important 60 00:02:56,720 --> 00:03:00,000 Speaker 2: because it's hipkins media around day to day, so he's 61 00:03:00,080 --> 00:03:02,480 Speaker 2: trying to, you know, get something in front of him 62 00:03:02,520 --> 00:03:05,480 Speaker 2: and shape the narrative. So good politics. I suppose they've 63 00:03:05,480 --> 00:03:08,040 Speaker 2: got the Frontier report coming out tomorrow. So what does 64 00:03:08,040 --> 00:03:12,519 Speaker 2: he want? He wants bipartisan support on gas support offshore 65 00:03:12,680 --> 00:03:17,320 Speaker 2: exploration for natural gas for at least ten years, mister Hipkins. Now, 66 00:03:17,480 --> 00:03:20,480 Speaker 2: Labour's position on this is pretty much no. They will 67 00:03:20,520 --> 00:03:24,040 Speaker 2: reinstate the band that they introduced along with New Zealand first, 68 00:03:25,200 --> 00:03:28,760 Speaker 2: and they have also not said yet whether they would 69 00:03:28,800 --> 00:03:33,480 Speaker 2: go even further than that and revoke permits that National issues. 70 00:03:34,240 --> 00:03:37,480 Speaker 2: So pretty much the opposite right. So the reason that 71 00:03:37,640 --> 00:03:41,160 Speaker 2: National's doing this is, you know, if nobody looks for 72 00:03:41,280 --> 00:03:45,400 Speaker 2: gas after they reversed the band, then they can blame Labor. 73 00:03:46,000 --> 00:03:49,839 Speaker 2: We've got an energy crunch returning next year. This year 74 00:03:50,080 --> 00:03:52,280 Speaker 2: saved by rain and that meth the next deal, but 75 00:03:52,440 --> 00:03:56,040 Speaker 2: next year they reckon things are back on. So is 76 00:03:56,080 --> 00:03:59,520 Speaker 2: this smart politics from luxe? And Labor basically has said 77 00:03:59,560 --> 00:04:02,760 Speaker 2: no when not doing it. In fact, apart from Palestine, 78 00:04:02,760 --> 00:04:04,880 Speaker 2: I saw they came out yesterday and said we will 79 00:04:05,440 --> 00:04:08,440 Speaker 2: recognize Palestine on day one. That is literally their only 80 00:04:08,440 --> 00:04:11,320 Speaker 2: policy at the moment. You know, a policy on a 81 00:04:11,360 --> 00:04:14,680 Speaker 2: war a million miles away. Is that going to get 82 00:04:14,680 --> 00:04:17,720 Speaker 2: you elected elected? I don't know. I don't think so anyway. 83 00:04:17,880 --> 00:04:22,080 Speaker 2: Just remember our emissions are zero point one seven percent 84 00:04:22,279 --> 00:04:27,159 Speaker 2: of global emissions, and we feed forty million people. The 85 00:04:27,240 --> 00:04:29,679 Speaker 2: problem I suppose with all of this is they're fighting 86 00:04:29,720 --> 00:04:34,640 Speaker 2: over who's more bipartisan, which is never a great thing. 87 00:04:34,680 --> 00:04:37,839 Speaker 2: Is that ten minutes after five the number of text 88 00:04:37,839 --> 00:04:40,760 Speaker 2: We'll look at these health numbers next with Rob Campbell, The. 89 00:04:40,720 --> 00:04:43,760 Speaker 1: News You Need this Morning and the in Depth Analysis 90 00:04:43,880 --> 00:04:47,920 Speaker 1: Early Edition with Ryan Bridge and One Route Love Where 91 00:04:47,920 --> 00:04:49,080 Speaker 1: You Lived, News Talks. 92 00:04:49,120 --> 00:04:51,160 Speaker 2: AB five point thirteen on News Talk said, be if 93 00:04:51,200 --> 00:04:53,440 Speaker 2: I was going to chain myself to something today over 94 00:04:53,520 --> 00:04:56,440 Speaker 2: an issue, it's Dame Knowles and Netball New Zealand. I think, 95 00:04:56,480 --> 00:04:58,120 Speaker 2: get in there, Dame Knowles and do you know what 96 00:04:58,160 --> 00:05:00,640 Speaker 2: you should ask for? Apparently they're meeting today a big 97 00:05:00,680 --> 00:05:03,400 Speaker 2: showdown today, Netball New Zealand and Dame Knowles. She was 98 00:05:03,440 --> 00:05:07,480 Speaker 2: stood down for the Tiny Jamison series. Constellation Cup starts 99 00:05:07,480 --> 00:05:11,640 Speaker 2: in seventeen days and the camp starts in six days, 100 00:05:12,279 --> 00:05:15,359 Speaker 2: and I think they have absolutely no choice but to 101 00:05:15,400 --> 00:05:19,320 Speaker 2: back her. You know, you've got Netbulls stars, former stars 102 00:05:19,360 --> 00:05:21,719 Speaker 2: backing her, and you've got the biggest star in Grace 103 00:05:21,880 --> 00:05:24,960 Speaker 2: Wiki backing her. So I say, go in there, Dame 104 00:05:25,080 --> 00:05:27,800 Speaker 2: Knowles with the head held high, with the support of 105 00:05:27,880 --> 00:05:31,160 Speaker 2: the biggest star in the sport right now, and ask 106 00:05:31,200 --> 00:05:33,520 Speaker 2: for a pay rise get some better clauses in there too. 107 00:05:33,560 --> 00:05:36,479 Speaker 2: It is thirteen and after five. Ryan's got some numbers 108 00:05:36,480 --> 00:05:38,560 Speaker 2: that show the health system might be getting back on track. 109 00:05:38,720 --> 00:05:41,760 Speaker 2: Cancer treatment wait times are down more than eighty six 110 00:05:41,800 --> 00:05:44,719 Speaker 2: percent getting treatment within thirty one days. Eighty two percent 111 00:05:44,760 --> 00:05:47,480 Speaker 2: of kids fully immunized by age two. That's up six 112 00:05:47,520 --> 00:05:51,760 Speaker 2: percent on last year. ED patients seen within six hours. 113 00:05:51,800 --> 00:05:54,080 Speaker 2: That's up from seventy one to seventy four percent on 114 00:05:54,120 --> 00:05:56,640 Speaker 2: a year ago. Rob Campbell, former health ends he'd share 115 00:05:56,680 --> 00:05:59,320 Speaker 2: with me this morning, Rob, good morning, good morning, right, 116 00:05:59,440 --> 00:06:00,520 Speaker 2: something to sell break. 117 00:06:01,640 --> 00:06:03,960 Speaker 4: Yeah, it's almost as if we should get Dame Knowles 118 00:06:04,000 --> 00:06:06,200 Speaker 4: and to celebrate with us with some targets, isn't it. 119 00:06:06,320 --> 00:06:09,000 Speaker 4: Or maybe that's a bit tough these days. But really 120 00:06:09,040 --> 00:06:11,720 Speaker 4: I think the minister's staff have made a mistake here, Ryan, 121 00:06:11,800 --> 00:06:14,360 Speaker 4: I think they've issued the wrong press statement. I think 122 00:06:14,400 --> 00:06:16,400 Speaker 4: what the minister really wanted to say was that he 123 00:06:16,440 --> 00:06:20,480 Speaker 4: apologized to all the doctors and nurses who's been castigating 124 00:06:20,480 --> 00:06:23,120 Speaker 4: for the last couple of weeks for not putting patients first, 125 00:06:23,440 --> 00:06:26,600 Speaker 4: because we find that in fact been short staffed, been 126 00:06:26,640 --> 00:06:29,520 Speaker 4: short paid. They have in fact been putting patients first 127 00:06:29,520 --> 00:06:31,400 Speaker 4: and meeting his targets, so I'm sure he wants to 128 00:06:31,520 --> 00:06:34,479 Speaker 4: apologize and get their problems sorted out for them. In response. 129 00:06:34,680 --> 00:06:37,120 Speaker 2: How does that work though? How do you you say 130 00:06:37,120 --> 00:06:39,320 Speaker 2: they're short on pay, short on staff, they've got a 131 00:06:39,360 --> 00:06:42,359 Speaker 2: minister who's angry, and yet the system's improving. How do 132 00:06:42,400 --> 00:06:43,680 Speaker 2: you actually explain that. 133 00:06:45,240 --> 00:06:47,960 Speaker 4: I don't think it's hard to explain for anyone who's 134 00:06:48,000 --> 00:06:52,960 Speaker 4: worked in a large business over any time. So if 135 00:06:53,000 --> 00:06:56,800 Speaker 4: you set targets and the structural management that they are 136 00:06:56,839 --> 00:06:59,719 Speaker 4: to achieve those targets, typically they will be able to 137 00:06:59,720 --> 00:07:02,760 Speaker 4: produce some results. And these are good results. I'm not 138 00:07:03,240 --> 00:07:05,880 Speaker 4: gain saying that at all. These are good results. It's 139 00:07:05,920 --> 00:07:09,720 Speaker 4: an improvement. The issues are what have you not done 140 00:07:09,800 --> 00:07:12,600 Speaker 4: in order to achieve these specific results. It's one of 141 00:07:12,640 --> 00:07:15,120 Speaker 4: the dangers of targets that you do achieve the ones 142 00:07:15,160 --> 00:07:17,800 Speaker 4: you aim at, but you're not achieving other things within 143 00:07:17,920 --> 00:07:20,200 Speaker 4: the within the health system. Now, there will be some 144 00:07:20,280 --> 00:07:22,760 Speaker 4: things which are lapsing in order to achieve this. Now, 145 00:07:22,760 --> 00:07:25,320 Speaker 4: these are the targets set the minister set. Minister sets 146 00:07:25,320 --> 00:07:29,120 Speaker 4: so he'll be happy. They're not unreasonable targets in themselves, 147 00:07:29,360 --> 00:07:31,560 Speaker 4: but other things won't be happening, And the task for 148 00:07:31,680 --> 00:07:34,720 Speaker 4: our public health system is really not so much to 149 00:07:34,800 --> 00:07:38,920 Speaker 4: hit specific targets or to improve specific targets, but can 150 00:07:38,960 --> 00:07:41,880 Speaker 4: we rebuild our health system into something which across the 151 00:07:41,920 --> 00:07:45,720 Speaker 4: board is effective, efficient and resilient, And sometimes targets can 152 00:07:45,720 --> 00:07:48,440 Speaker 4: cut across that. I suspect we'll find in due course 153 00:07:48,440 --> 00:07:49,720 Speaker 4: through a ways. This is happening. 154 00:07:49,880 --> 00:07:50,960 Speaker 2: But take that. 155 00:07:51,320 --> 00:07:53,360 Speaker 4: Having said all of that, you can hit these sorts 156 00:07:53,360 --> 00:07:56,000 Speaker 4: of targets, will improve these sorts of targets. But this 157 00:07:56,080 --> 00:07:57,720 Speaker 4: is good news for the people who have got the 158 00:07:57,760 --> 00:07:59,400 Speaker 4: service more quickly or more effectively. 159 00:07:59,440 --> 00:08:02,360 Speaker 2: I'll say that good news, absolutely. Rob there's a text 160 00:08:02,360 --> 00:08:04,960 Speaker 2: coming from Roger Morning Roger. He says, Hi, run the 161 00:08:05,160 --> 00:08:08,480 Speaker 2: ED waiting time is rigged. The starting time begins from 162 00:08:08,520 --> 00:08:11,200 Speaker 2: when the patient is first seen by a clinician, not 163 00:08:11,360 --> 00:08:13,840 Speaker 2: the time that they arrived. I took my daughter to 164 00:08:13,880 --> 00:08:17,080 Speaker 2: Waikata ED and waited five hours to see a doctor. 165 00:08:17,120 --> 00:08:20,320 Speaker 2: After arriving, the ED wait time only recorded as an hour. 166 00:08:20,480 --> 00:08:21,320 Speaker 2: Is that true? 167 00:08:22,800 --> 00:08:24,920 Speaker 4: Those things certainly do happen, and it's one of the 168 00:08:24,960 --> 00:08:28,400 Speaker 4: problems with targets is that information is often structured to 169 00:08:28,440 --> 00:08:31,280 Speaker 4: meet the target. That's quite common problem. Not Chris, not 170 00:08:31,320 --> 00:08:34,240 Speaker 4: just in the Health Service, but in other organizations that 171 00:08:34,320 --> 00:08:37,280 Speaker 4: introduced these very specific sorts of targets. So there will 172 00:08:37,520 --> 00:08:40,960 Speaker 4: undoubtedly be an element of that happening, but I wouldn't 173 00:08:41,040 --> 00:08:43,840 Speaker 4: question that there has been some improvement in these specific 174 00:08:43,960 --> 00:08:45,640 Speaker 4: targets overall. 175 00:08:45,800 --> 00:08:48,280 Speaker 2: Appreciate your time, Rob, Rob Campbell, former Health ends in 176 00:08:48,400 --> 00:08:50,840 Speaker 2: chair with us this morning seventeen after five News Talk 177 00:08:50,920 --> 00:08:52,920 Speaker 2: said be up next? Is it too late now to 178 00:08:52,920 --> 00:08:54,240 Speaker 2: say sorry for the Reserve Bank? 179 00:08:55,280 --> 00:08:57,800 Speaker 1: The first word on the News of the Day early 180 00:08:58,000 --> 00:09:02,160 Speaker 1: edition with Ryan Bridge and one roof love where you Live? 181 00:09:02,520 --> 00:09:05,199 Speaker 2: News Talk sa'd be it is five nineteen. Lots of 182 00:09:05,240 --> 00:09:07,800 Speaker 2: support for comments on the priest this morning. I mean 183 00:09:07,840 --> 00:09:11,040 Speaker 2: nothing against priests, but just when you're ramming it down 184 00:09:11,120 --> 00:09:14,000 Speaker 2: our throats day in, day out and blocking parliamentary offices, 185 00:09:14,120 --> 00:09:18,120 Speaker 2: it's just becomes annoying, frankly. Lots of feedback on health 186 00:09:18,160 --> 00:09:20,920 Speaker 2: targets as well. This one coming in this morning from 187 00:09:21,400 --> 00:09:24,520 Speaker 2: doesn't say the name. I'd actually love it if you 188 00:09:24,559 --> 00:09:27,240 Speaker 2: wouldn't mind putting your names at the end. It just 189 00:09:27,280 --> 00:09:29,439 Speaker 2: helps me get a picture of who you are. I'm 190 00:09:29,480 --> 00:09:32,000 Speaker 2: still waiting on my hip X ray results as this 191 00:09:32,120 --> 00:09:35,280 Speaker 2: text three months later from green Lane Hospital. Doctor hasn't 192 00:09:35,280 --> 00:09:38,000 Speaker 2: heard either. Can I suggest I think green Lane is 193 00:09:38,000 --> 00:09:40,440 Speaker 2: a private hospital anyway? But can I suggest that you 194 00:09:40,480 --> 00:09:43,680 Speaker 2: go with Southern Cross Health Society because they've released their results. 195 00:09:44,440 --> 00:09:47,439 Speaker 2: Their payouts are record three point eight million claims they 196 00:09:47,440 --> 00:09:50,240 Speaker 2: reckon in the last year. That's up sixteen percent. Two 197 00:09:50,800 --> 00:09:54,520 Speaker 2: five hundred and ninety nine new knees across New Zealand 198 00:09:54,760 --> 00:09:58,400 Speaker 2: and four hundred and ninety new hips. The knees are 199 00:09:58,400 --> 00:10:01,960 Speaker 2: the most expensive, paying out eighty million colonoscopies, eighty million 200 00:10:02,040 --> 00:10:05,600 Speaker 2: hip replacements, seventy two in hysterectomies fifty two. It is 201 00:10:05,600 --> 00:10:08,880 Speaker 2: twenty half to five Bryan. The Reserve Banks taking a 202 00:10:08,920 --> 00:10:11,439 Speaker 2: hard look at itself. Findings aren't exactly shocking, are they. 203 00:10:11,480 --> 00:10:14,120 Speaker 2: Its own reports says it didn't hike interest rates fast 204 00:10:14,200 --> 00:10:16,719 Speaker 2: enough to tackle COVID inflation. Interest rates fell to just 205 00:10:16,800 --> 00:10:20,079 Speaker 2: zero point two five percent in twenty twenty one. They 206 00:10:20,200 --> 00:10:23,160 Speaker 2: rocketed up to five point five and twenty twenty three. 207 00:10:23,600 --> 00:10:26,439 Speaker 2: This is as inflation hit seven point three percent. Doctor 208 00:10:26,520 --> 00:10:29,240 Speaker 2: Eric Crampton, chief economist at the New Zealand Initiative, Eric, 209 00:10:29,240 --> 00:10:31,200 Speaker 2: good morning, Good morning. 210 00:10:31,640 --> 00:10:34,840 Speaker 9: Have they hit the nail on the head well, they've 211 00:10:34,840 --> 00:10:38,280 Speaker 9: identified some of the problems. They noted some of them 212 00:10:38,320 --> 00:10:40,640 Speaker 9: were a little bit surprising, but I guess we should 213 00:10:40,640 --> 00:10:43,080 Speaker 9: have realized what was going on. They noted that some 214 00:10:43,120 --> 00:10:46,160 Speaker 9: of the monetary policy models that couldn't deal well with 215 00:10:46,600 --> 00:10:49,640 Speaker 9: supply shocks, and we had dealt with a supply shock 216 00:10:49,679 --> 00:10:53,240 Speaker 9: in COVID. They're ended sim model, which is the core 217 00:10:53,360 --> 00:10:55,800 Speaker 9: backbone that they used for forecasting what's going on in 218 00:10:55,800 --> 00:10:58,719 Speaker 9: the world. It wasn't able to handle the kind of 219 00:10:58,760 --> 00:11:03,240 Speaker 9: supply shock that has large cross country interactions. So they're 220 00:11:03,240 --> 00:11:05,560 Speaker 9: trying to beef that up. They're trying to beef up 221 00:11:05,559 --> 00:11:08,080 Speaker 9: a lot more real time data to get a better 222 00:11:08,080 --> 00:11:10,559 Speaker 9: handle on what's going on. I guess one of the 223 00:11:10,640 --> 00:11:13,920 Speaker 9: disappointing bits is that they're saying in hindsight on some 224 00:11:13,960 --> 00:11:16,880 Speaker 9: of this. It wasn't just hindsight. There are plenty of 225 00:11:16,880 --> 00:11:19,839 Speaker 9: people saying at the time that the reserve bank was 226 00:11:19,880 --> 00:11:24,160 Speaker 9: printing too much money, that it would have strong inflationary consequence, 227 00:11:24,440 --> 00:11:28,280 Speaker 9: and that it was fundamentally wrong response to a large 228 00:11:28,360 --> 00:11:32,320 Speaker 9: negative supply shock. So what I mean by that reserve 229 00:11:32,400 --> 00:11:35,880 Speaker 9: banks are used to dealing with things like the GFC 230 00:11:36,000 --> 00:11:39,960 Speaker 9: from the two thousands or other financial crises where the 231 00:11:40,080 --> 00:11:43,360 Speaker 9: shock is coming out of the financial side of the economy, 232 00:11:43,440 --> 00:11:45,640 Speaker 9: it's not coming out of the real side of the economy, 233 00:11:46,280 --> 00:11:49,880 Speaker 9: and they'll often deal with that by printing money, reducing 234 00:11:50,000 --> 00:11:53,920 Speaker 9: interest rates to boost aggregate demand, to get people standing 235 00:11:53,960 --> 00:11:56,719 Speaker 9: of it more again, and things then sort of ride 236 00:11:56,760 --> 00:12:02,000 Speaker 9: themselves out. That doesn't really work when the underlying productive 237 00:12:02,120 --> 00:12:06,439 Speaker 9: capacity of the economy, both here and elsewhere, has substantially 238 00:12:06,480 --> 00:12:09,880 Speaker 9: shifted inward. That it just every combination that you'd have 239 00:12:10,160 --> 00:12:12,920 Speaker 9: just won't be as productive as it used to be 240 00:12:12,920 --> 00:12:16,720 Speaker 9: because covid is keeping everybody at home. Factories couldn't run, cold, 241 00:12:16,760 --> 00:12:20,000 Speaker 9: stores weren't running well. Nothing was really working well. And 242 00:12:20,040 --> 00:12:23,280 Speaker 9: if you pump money into that environment, you just have 243 00:12:23,400 --> 00:12:26,960 Speaker 9: more money chasing the same number of goods, and that 244 00:12:27,200 --> 00:12:30,880 Speaker 9: ramps prices up. They should have realized this a lot faster. 245 00:12:31,480 --> 00:12:33,760 Speaker 9: We'd been putting up notes on this from our shop 246 00:12:33,760 --> 00:12:35,839 Speaker 9: around June twenty twenty. I think I had a blog 247 00:12:35,880 --> 00:12:39,120 Speaker 9: post on it in April. Bryce will consented seeing it, 248 00:12:39,240 --> 00:12:42,160 Speaker 9: but also folks like Grant Spencer and Arthur Grimes had 249 00:12:42,200 --> 00:12:44,520 Speaker 9: been talking about the asset price run up that you're 250 00:12:44,520 --> 00:12:48,240 Speaker 9: going to see from the monetary policy we've had so 251 00:12:48,400 --> 00:12:53,760 Speaker 9: great that now four or five years later they're fixing 252 00:12:53,800 --> 00:12:57,680 Speaker 9: some of this, But it's it would have been better 253 00:12:57,679 --> 00:12:59,960 Speaker 9: if if they had identified it earlier. 254 00:13:00,200 --> 00:13:02,600 Speaker 2: It would have been avoid the absolutely eric So in 255 00:13:02,600 --> 00:13:05,360 Speaker 2: a nutshell, you know, I've admitted that they were too slow. 256 00:13:05,480 --> 00:13:09,240 Speaker 2: If they'd been quicker, would that height have been as steep? 257 00:13:09,559 --> 00:13:13,640 Speaker 2: Did the speed affect the destination and therefore would we 258 00:13:13,720 --> 00:13:16,520 Speaker 2: not be in as much shite as we are now. 259 00:13:18,559 --> 00:13:21,599 Speaker 9: I don't have the big macro forecasting models behind me 260 00:13:21,760 --> 00:13:25,640 Speaker 9: like they do. I would expect that had they realized 261 00:13:25,800 --> 00:13:28,839 Speaker 9: by mid to late twenty twenty that they were really 262 00:13:28,880 --> 00:13:31,880 Speaker 9: dealing with a large supply shock rather than a shock 263 00:13:31,880 --> 00:13:34,079 Speaker 9: from the demand side of the economy, they would have 264 00:13:34,240 --> 00:13:40,080 Speaker 9: engaged in less of the initial money pump printing, fewer 265 00:13:40,200 --> 00:13:44,160 Speaker 9: large scale acid purposes purchases, and less of a reduction 266 00:13:44,240 --> 00:13:47,920 Speaker 9: and interest rates, and they would have started to increase 267 00:13:47,960 --> 00:13:52,320 Speaker 9: those again more quickly. That should have avoided hitting the 268 00:13:52,320 --> 00:13:54,560 Speaker 9: peaks that we did hit because we wouldn't have hit 269 00:13:54,760 --> 00:13:57,440 Speaker 9: the same inflation outcomes that we hit. But the Reserve 270 00:13:57,480 --> 00:14:00,680 Speaker 9: Bank has had to be fighting these past couple of years. 271 00:14:01,160 --> 00:14:03,960 Speaker 9: Isn't just the inflation that got away from it, but 272 00:14:04,120 --> 00:14:08,480 Speaker 9: also the really high expectations about inflation that started getting 273 00:14:08,520 --> 00:14:10,800 Speaker 9: baked in. So if you look back a couple of 274 00:14:10,880 --> 00:14:17,040 Speaker 9: years ago, inflation expectations were running well north of the 275 00:14:17,080 --> 00:14:20,360 Speaker 9: target range that the Reserve Bank tries to hit. That's 276 00:14:20,360 --> 00:14:23,600 Speaker 9: what we call unanchored. So if everyone expects that the 277 00:14:23,640 --> 00:14:25,840 Speaker 9: Reserve Bank is going to do a good job and 278 00:14:25,920 --> 00:14:28,800 Speaker 9: keep inflation around two percent, it has a lot easier 279 00:14:28,840 --> 00:14:32,360 Speaker 9: time of doing that. When people start expecting more inflation, 280 00:14:32,680 --> 00:14:34,240 Speaker 9: they have a hell of a time getting it back 281 00:14:34,320 --> 00:14:36,680 Speaker 9: down and we're experiencing some of the consequences. 282 00:14:36,760 --> 00:14:38,960 Speaker 2: Yeah. Plus they also had the government spending, didn't they. 283 00:14:39,000 --> 00:14:41,520 Speaker 2: Doctor Eric Crampton The New Zealand Initiative. It is twenty 284 00:14:41,560 --> 00:14:44,479 Speaker 2: five after five News Talk CIB the early. 285 00:14:44,360 --> 00:14:48,040 Speaker 1: Edition, full show podcast on Ion Radio, how It By 286 00:14:48,080 --> 00:14:48,840 Speaker 1: News Talks AB. 287 00:14:50,640 --> 00:14:53,240 Speaker 2: News Talks inb five twenty seven. Hell's always been a 288 00:14:53,280 --> 00:14:56,040 Speaker 2: portfolio that MP's never really want a bar off. You 289 00:14:56,120 --> 00:14:58,480 Speaker 2: never when you got endless fights with the unions, You've 290 00:14:58,480 --> 00:15:01,560 Speaker 2: got people waiting for surgery, hard to keep up with technology, 291 00:15:01,840 --> 00:15:04,320 Speaker 2: and it's very personal. You know, if you don't get 292 00:15:04,320 --> 00:15:07,280 Speaker 2: the care that you need, it's literally life and death stuff. 293 00:15:07,360 --> 00:15:09,720 Speaker 2: So if these numbers Simeon Brown's putting out it to 294 00:15:09,760 --> 00:15:11,600 Speaker 2: be believed, and I've got no reason to doubt them, 295 00:15:11,600 --> 00:15:16,480 Speaker 2: then he should be congratulated. Cancer wait times, immunizations, elective surgeries, 296 00:15:16,720 --> 00:15:18,920 Speaker 2: ed numbers are heading in the right direction, but by 297 00:15:18,960 --> 00:15:21,560 Speaker 2: no means job finished, and some of the movements only 298 00:15:21,560 --> 00:15:24,400 Speaker 2: a few percent, and it's quarter on quarter comparisons. But 299 00:15:24,480 --> 00:15:26,400 Speaker 2: for a government the media would have you believe is 300 00:15:26,440 --> 00:15:29,760 Speaker 2: traditionally stingy and ineffective in health, at least we have 301 00:15:29,840 --> 00:15:33,240 Speaker 2: some measurable, measurable results to compare, and they're not terrible. 302 00:15:33,840 --> 00:15:36,480 Speaker 2: Labour will come out today and hate this. They say, 303 00:15:36,520 --> 00:15:39,880 Speaker 2: grandma's hip operation is being farmed out to the private sector. 304 00:15:39,960 --> 00:15:42,480 Speaker 2: And you know what Grandma will say, I don't care. 305 00:15:42,800 --> 00:15:46,400 Speaker 2: I've got a new hip. This is all short term stuff, though. 306 00:15:46,560 --> 00:15:49,360 Speaker 2: The bigger question is how we plan to pay for 307 00:15:49,440 --> 00:15:52,440 Speaker 2: this expensive system in twenty years time when the population 308 00:15:52,560 --> 00:15:56,240 Speaker 2: problem kicks in. Treasury Ransom numbers on this. They looked 309 00:15:56,240 --> 00:15:59,680 Speaker 2: at health spending on pensioners as a share of the 310 00:15:59,720 --> 00:16:03,920 Speaker 2: over all health budget nineteen fifty one twenty nine percent. 311 00:16:04,120 --> 00:16:08,600 Speaker 2: Today it's forty percent, and by twenty fifty one sixty 312 00:16:08,600 --> 00:16:11,320 Speaker 2: three percent, So two thirds of the health budget will 313 00:16:11,320 --> 00:16:13,960 Speaker 2: be spent on over sixty fives and fewer workers to 314 00:16:14,040 --> 00:16:17,120 Speaker 2: pay for it. The problem with a decent public health 315 00:16:17,160 --> 00:16:19,840 Speaker 2: system is that people live longer as a result. It's 316 00:16:19,880 --> 00:16:23,320 Speaker 2: a vicious cycle. Of course, nobody wants grandma to die, 317 00:16:23,360 --> 00:16:26,040 Speaker 2: but if Simeon Brown keeps this up, we'll be bankrupt 318 00:16:26,120 --> 00:16:29,120 Speaker 2: before she carts it. Bryan Bridge, twenty eight, a half 319 00:16:29,160 --> 00:16:32,840 Speaker 2: to five News Talks, he'd be sorry grandma. Now. Rory McElroy, 320 00:16:32,920 --> 00:16:34,640 Speaker 2: did you see the golf? It looked more like an 321 00:16:34,720 --> 00:16:38,320 Speaker 2: NRL game. Just things got a little bit feral anyway. 322 00:16:38,400 --> 00:16:41,400 Speaker 2: Rory McElroy said that his wife was hit by a 323 00:16:41,600 --> 00:16:42,320 Speaker 2: can of beer. 324 00:16:43,400 --> 00:16:46,040 Speaker 3: Golf teaches you very good life lessons. 325 00:16:46,080 --> 00:16:48,240 Speaker 2: It teaches you attiquette, It teaches you how to play 326 00:16:48,240 --> 00:16:50,760 Speaker 2: by the rules. It teaches you how to respect people. 327 00:16:51,280 --> 00:16:53,920 Speaker 2: And you know, sometimes this week we didn't see that 328 00:16:54,160 --> 00:16:56,080 Speaker 2: doesn't sound like the gentleman's game, does it when you've 329 00:16:56,080 --> 00:17:00,000 Speaker 2: got cops and police dogs lining the fairway? Hey, very quickly, 330 00:17:00,120 --> 00:17:02,520 Speaker 2: this is from Albanesi. He's over in London at the 331 00:17:02,520 --> 00:17:05,040 Speaker 2: moment and says no, no, no, no, I'm not going 332 00:17:05,080 --> 00:17:06,360 Speaker 2: to do anything on a republic. 333 00:17:06,840 --> 00:17:12,840 Speaker 3: I have no intention of holding any referendums on those issues. 334 00:17:12,960 --> 00:17:16,080 Speaker 3: I think they will put to the Australian people, and 335 00:17:16,119 --> 00:17:19,240 Speaker 3: the Australian people made a decision. 336 00:17:19,880 --> 00:17:21,520 Speaker 2: A bit of a love in with the king too. 337 00:17:21,680 --> 00:17:24,240 Speaker 2: We'll check in with Donad de Mayo, our Australia correspondence. 338 00:17:24,280 --> 00:17:27,960 Speaker 2: She's with us after news and the earthquake building standards 339 00:17:28,000 --> 00:17:29,840 Speaker 2: before six News Talks at. 340 00:17:29,720 --> 00:17:37,639 Speaker 1: B get ahead of the headlines on early edition with 341 00:17:37,880 --> 00:17:42,200 Speaker 1: Ryan Bridge and one Root Love Where you live News Talks. 342 00:17:41,960 --> 00:17:47,840 Speaker 2: At B is that you just pretty far away from 343 00:17:47,840 --> 00:17:49,760 Speaker 2: the six zero News Talks said, be great to have 344 00:17:49,840 --> 00:17:52,600 Speaker 2: your company this morning. We're in Australia with Donnad Demayo. Next, 345 00:17:52,640 --> 00:17:55,040 Speaker 2: then we'll talk quake buildings before top of the hour. 346 00:17:55,280 --> 00:17:58,080 Speaker 2: It'sn't it funny that you overreck, you know, something bad happens, 347 00:17:58,600 --> 00:18:03,280 Speaker 2: government overregulates and then you have thousands of buildings sitting 348 00:18:03,359 --> 00:18:05,639 Speaker 2: empty and idle. You know, you can't go to the 349 00:18:05,640 --> 00:18:10,000 Speaker 2: theater and why puck because of these regulations. And then 350 00:18:10,080 --> 00:18:12,359 Speaker 2: at the stroke of a pen they will open them 351 00:18:12,400 --> 00:18:14,560 Speaker 2: back up again and everyone can go back to life 352 00:18:14,600 --> 00:18:18,880 Speaker 2: as normal. Fascinating development with video game industry. This morning, 353 00:18:19,000 --> 00:18:21,920 Speaker 2: Electronic Arts. This is a company that you probably haven't 354 00:18:21,960 --> 00:18:25,159 Speaker 2: heard of, but they have just secured the largest private 355 00:18:25,200 --> 00:18:29,679 Speaker 2: equity backed by out in history. So your stockholders will 356 00:18:29,720 --> 00:18:31,639 Speaker 2: get two hundred and ten bucks a share. That's a 357 00:18:31,720 --> 00:18:34,600 Speaker 2: twenty five percent premium on the share price that close 358 00:18:34,800 --> 00:18:38,439 Speaker 2: on Thursday last week. They publish the SIMS if you 359 00:18:38,480 --> 00:18:41,040 Speaker 2: know that game, and also FIFA, which is the video 360 00:18:41,119 --> 00:18:43,720 Speaker 2: game I think they now call it FC. And this 361 00:18:43,880 --> 00:18:46,879 Speaker 2: is all being pushed by the Saudis. The Saudis are 362 00:18:47,000 --> 00:18:49,600 Speaker 2: very much into the video game industry. They're into a 363 00:18:49,600 --> 00:18:52,160 Speaker 2: lot of industries at the moment, but video games in particular. 364 00:18:52,240 --> 00:18:56,400 Speaker 2: They've got a minority staken Nintendo. They've also taken over 365 00:18:56,440 --> 00:19:00,159 Speaker 2: the company that does Pokemon Go and now they have 366 00:19:00,400 --> 00:19:03,080 Speaker 2: just along with a bunch of others, done this fifty 367 00:19:03,119 --> 00:19:06,879 Speaker 2: five billion dollar deal. Along with Silverlap who you'll know 368 00:19:07,520 --> 00:19:11,000 Speaker 2: to buy Electronic Arts, which is just a massive number 369 00:19:11,080 --> 00:19:12,800 Speaker 2: you can't even get your head around. Twenty three away 370 00:19:12,840 --> 00:19:16,600 Speaker 2: from six Bread are reporters around the country. Calum Procter 371 00:19:16,640 --> 00:19:19,600 Speaker 2: and need and Callum, good morning morning, right, so you've 372 00:19:19,600 --> 00:19:22,240 Speaker 2: got an update men with prostate cancer. In the last 373 00:19:22,240 --> 00:19:27,439 Speaker 2: South Ireland. They are benefiting from extra specialists. Yeah, they are. 374 00:19:27,480 --> 00:19:30,480 Speaker 10: This is a rare good news story about our health system. 375 00:19:30,480 --> 00:19:34,040 Speaker 10: The Health Minister saying that New Zealand's first advanced practitioner 376 00:19:34,119 --> 00:19:39,760 Speaker 10: radiation therapist specializing in prostate cancer is transforming care here 377 00:19:39,800 --> 00:19:42,600 Speaker 10: in the South. The practitioner runs review clinics, six week 378 00:19:42,640 --> 00:19:46,200 Speaker 10: post treatment follow ups and assessments to prepare patients before 379 00:19:46,200 --> 00:19:49,840 Speaker 10: they see a specialist. Simeon Brown says in August alone, 380 00:19:50,000 --> 00:19:54,280 Speaker 10: around sixty men here received faster treatment, personalized support and 381 00:19:54,400 --> 00:19:57,800 Speaker 10: improved outcomes. He says there are plans to extend this 382 00:19:57,960 --> 00:20:00,520 Speaker 10: role to a wider range of urological conditions. 383 00:20:00,600 --> 00:20:00,719 Speaker 11: Right. 384 00:20:00,800 --> 00:20:03,760 Speaker 2: How's your weather got a strong win? Watch for a 385 00:20:03,800 --> 00:20:04,400 Speaker 2: tiger today? 386 00:20:04,480 --> 00:20:07,639 Speaker 10: Gusty and strong Northwesters, but a sale has change. This 387 00:20:07,720 --> 00:20:10,760 Speaker 10: evening brings snow to three hundred meters. That's tonight's today's 388 00:20:10,800 --> 00:20:11,440 Speaker 10: high seventeen. 389 00:20:11,640 --> 00:20:15,000 Speaker 2: Cheers Courtney, christ ch Hey, Courtney, good morning, Ryan. You 390 00:20:15,080 --> 00:20:17,359 Speaker 2: got boy races and Banks Peninsula? 391 00:20:17,600 --> 00:20:20,960 Speaker 12: Yes so, Littleton Harbord residents are feed up with reckless 392 00:20:21,040 --> 00:20:25,040 Speaker 12: drivers making roads unsafe and disturbing sleep. So they're launching 393 00:20:25,080 --> 00:20:28,680 Speaker 12: a task force, a fundraising campaign and hiring a portable 394 00:20:28,800 --> 00:20:32,920 Speaker 12: speed camera to tackle it. Local councilor Tyrone Fields says 395 00:20:32,960 --> 00:20:36,560 Speaker 12: the harbor is an amphitheater for the countless loud and 396 00:20:36,720 --> 00:20:39,880 Speaker 12: high speed boy racers. He says he wants an adequate 397 00:20:40,000 --> 00:20:44,119 Speaker 12: police and legal response so that this doesn't enable anti 398 00:20:44,240 --> 00:20:48,880 Speaker 12: road use. Fields says he's encouraging the community to request 399 00:20:48,920 --> 00:20:52,440 Speaker 12: funding which they haven't yet, to counsel and try engaging 400 00:20:52,480 --> 00:20:53,120 Speaker 12: with police. 401 00:20:53,600 --> 00:20:58,800 Speaker 2: Council yep, right, well that's good and hopefully they catch 402 00:20:58,840 --> 00:21:00,640 Speaker 2: the boy racers. Courtney, how's your weather? 403 00:21:01,840 --> 00:21:05,919 Speaker 12: Cloudy periods with some showers, northeasterlies turning strong. North westerlies 404 00:21:05,960 --> 00:21:07,040 Speaker 12: are high of seventeen. 405 00:21:07,119 --> 00:21:10,119 Speaker 2: Thank you, Courtney, Max and Wellington Heymax, good morning. You 406 00:21:10,200 --> 00:21:12,800 Speaker 2: got a home invasion that's left a victim traumatized. 407 00:21:13,280 --> 00:21:13,440 Speaker 1: Yeah. 408 00:21:13,520 --> 00:21:17,199 Speaker 5: Wadstown Sunday police were called to a suburban street just 409 00:21:17,240 --> 00:21:20,439 Speaker 5: the other side of State Highway One behind Thornton reports 410 00:21:20,440 --> 00:21:22,680 Speaker 5: of a man trying to break into a car, then 411 00:21:23,480 --> 00:21:26,560 Speaker 5: far more frighteningly, trying to enter someone's home with a 412 00:21:26,680 --> 00:21:30,480 Speaker 5: large knife. It appeared a bladed weapon that's described terrifyingly. 413 00:21:30,520 --> 00:21:33,000 Speaker 5: It seems the owners were home at the time police arrived. 414 00:21:33,000 --> 00:21:35,399 Speaker 5: The man did get into the house, retreated to a 415 00:21:35,440 --> 00:21:38,280 Speaker 5: room inside and refused to leave the aos. The Armed 416 00:21:38,280 --> 00:21:41,200 Speaker 5: Offender Squad had to be called in, pepper sprayed dogs, 417 00:21:41,240 --> 00:21:44,959 Speaker 5: a taser. Eventually a single shot was fired at this 418 00:21:45,080 --> 00:21:47,280 Speaker 5: guy by an officer. It hit him in the shoulder. 419 00:21:47,320 --> 00:21:50,040 Speaker 5: He's not too badly hurt. He is in custody. We 420 00:21:50,080 --> 00:21:52,200 Speaker 5: went to the street yesterday spoke to people living there, 421 00:21:52,320 --> 00:21:55,840 Speaker 5: very very frightening, typically quiet area. But what's shocking is 422 00:21:55,880 --> 00:21:58,960 Speaker 5: this happened not at midnight Sunday, but midday, in the 423 00:21:59,000 --> 00:22:00,720 Speaker 5: middle of the day. This happen when this guy tried 424 00:22:00,760 --> 00:22:03,520 Speaker 5: to break into a person's house. He's now due in 425 00:22:03,560 --> 00:22:06,959 Speaker 5: court next week. Officers are investigating speaking to locals. Jeez, 426 00:22:07,040 --> 00:22:10,000 Speaker 5: how's your weather fine? With stronger wind? 427 00:22:10,080 --> 00:22:12,920 Speaker 2: Fourteen? Today's Hi Hie one, Thanks Max, Good morning, Neva, 428 00:22:13,000 --> 00:22:15,400 Speaker 2: Good morning. What's going on at the hospital in Woku. 429 00:22:15,760 --> 00:22:19,080 Speaker 7: Well, i'll tell you residents of Woku now they want 430 00:22:19,119 --> 00:22:22,000 Speaker 7: clarity on the future of the local hospital. This is 431 00:22:22,280 --> 00:22:26,440 Speaker 7: Franklin Memorial Hospital because it's still closed after a year. 432 00:22:26,520 --> 00:22:29,760 Speaker 7: This is due to urgent repairs on Sunday. You remember 433 00:22:29,800 --> 00:22:32,760 Speaker 7: this that sime and Brown health minister. He announced a 434 00:22:32,800 --> 00:22:36,159 Speaker 7: one hundred million dollar investment for upgrades on twenty one hospitals, 435 00:22:36,400 --> 00:22:39,480 Speaker 7: but Franklin Memorial Hospital was left off the list. Health 436 00:22:39,520 --> 00:22:42,600 Speaker 7: New Zealand saying, look, the future use of the building 437 00:22:42,680 --> 00:22:46,280 Speaker 7: is still under active consideration. But Gary Holmes, he's a 438 00:22:46,320 --> 00:22:48,600 Speaker 7: Franklin local board member, he says, look, they want to 439 00:22:48,600 --> 00:22:51,959 Speaker 7: make sure that you know, the rural health facilities aren't overlooked. 440 00:22:52,359 --> 00:22:55,520 Speaker 7: So apparently this hospital was effectively bought and owned by 441 00:22:55,600 --> 00:22:57,480 Speaker 7: the Woku community many many years ago. 442 00:22:57,560 --> 00:22:59,600 Speaker 2: So okay, all right, how's our weather today? 443 00:22:59,720 --> 00:23:02,720 Speaker 7: Ended early morning isolated shower as a high of seventeen 444 00:23:02,760 --> 00:23:03,639 Speaker 7: today here in Auckland. 445 00:23:03,760 --> 00:23:05,600 Speaker 2: Brilliant, Thank you, good to see you. It was always 446 00:23:05,720 --> 00:23:08,119 Speaker 2: nineteen minutes away from six. On news talk zb I 447 00:23:08,119 --> 00:23:11,600 Speaker 2: saw also the saying an Auckland Perimeter or you know 448 00:23:11,640 --> 00:23:13,960 Speaker 2: where the prison is, Parry as they call it. There 449 00:23:14,960 --> 00:23:19,320 Speaker 2: they are fast tracking the upgrade or expansion of the 450 00:23:19,359 --> 00:23:22,560 Speaker 2: prison and the locals aren't happy. Now, if you live 451 00:23:22,560 --> 00:23:24,800 Speaker 2: in PERIMETERMO this morning, you can feel free to text 452 00:23:24,880 --> 00:23:27,000 Speaker 2: me on nine two nine two. But if there's a 453 00:23:27,000 --> 00:23:31,000 Speaker 2: prison there already, what's a few extra inmates, you know? 454 00:23:31,359 --> 00:23:33,280 Speaker 2: Is that is the problem that they're going to build 455 00:23:33,320 --> 00:23:37,320 Speaker 2: it higher and wider. But if it's just that there 456 00:23:37,320 --> 00:23:39,439 Speaker 2: are going to be more inmates in a prison in 457 00:23:39,480 --> 00:23:44,920 Speaker 2: its existing footprint, what's the problem. I mean, I don't 458 00:23:44,920 --> 00:23:47,360 Speaker 2: want them in my backyard. But you've already got them, 459 00:23:47,400 --> 00:23:49,680 Speaker 2: so you know what I mean. Eighteen to six News 460 00:23:49,720 --> 00:23:53,200 Speaker 2: TALKSB Live to Australia next card to six News Talks HEB. 461 00:23:53,359 --> 00:23:56,159 Speaker 2: Don't worry if you didn't buy EOS Sports shares before 462 00:23:56,200 --> 00:23:58,480 Speaker 2: the Saudis stepped in and you've got a twenty five 463 00:23:58,520 --> 00:24:01,480 Speaker 2: percent premium on your share price, hopefully you've got some 464 00:24:01,560 --> 00:24:04,879 Speaker 2: money in gold. The gold rush continues. Gold price is 465 00:24:04,920 --> 00:24:08,000 Speaker 2: hitting a fresh record high. This continues. I think they're 466 00:24:08,080 --> 00:24:12,359 Speaker 2: up now forty five percent this year. Futures up one 467 00:24:12,400 --> 00:24:15,880 Speaker 2: percent overnight to three eight hundred and fifty five announced. 468 00:24:15,880 --> 00:24:19,280 Speaker 2: This is US. That is a new all time high 469 00:24:19,400 --> 00:24:22,640 Speaker 2: for gold investors, obviously, but worried about the weakening dollar 470 00:24:22,720 --> 00:24:25,439 Speaker 2: in the US and the potential just potential at this 471 00:24:25,520 --> 00:24:28,200 Speaker 2: point for a government shutdown, which is due to happen tomorrow. 472 00:24:29,359 --> 00:24:33,280 Speaker 1: International correspondence with Ends and Eye Insurance. Peace of mind 473 00:24:33,320 --> 00:24:35,480 Speaker 1: for New Zealand business donor. 474 00:24:35,240 --> 00:24:37,600 Speaker 2: Demo in Australia for us this morning. Done a good morning, 475 00:24:38,840 --> 00:24:41,080 Speaker 2: good morning to you. Good to have you. Now PM's 476 00:24:41,119 --> 00:24:43,720 Speaker 2: done a bit of a switcheroo on becoming a republic. 477 00:24:44,960 --> 00:24:50,040 Speaker 6: Yes, well, Anthony Eberinezi has previously been quite well an advocate, 478 00:24:50,119 --> 00:24:52,959 Speaker 6: let's say, for Australia to become a republic. Now it 479 00:24:53,000 --> 00:24:55,960 Speaker 6: does look like he shifted his stance. He's no longer 480 00:24:56,000 --> 00:25:00,440 Speaker 6: pushing for as you can imagine, constitutional change, as say. 481 00:25:01,480 --> 00:25:05,320 Speaker 6: The PM did meet with the King at the weekend 482 00:25:05,520 --> 00:25:08,960 Speaker 6: and he's confirmed, and that's how we know that he 483 00:25:09,280 --> 00:25:12,439 Speaker 6: feels differently now that he did not discuss plans to 484 00:25:12,440 --> 00:25:14,840 Speaker 6: make Australia a republic with the King when they met 485 00:25:14,880 --> 00:25:19,600 Speaker 6: at Balmoral, and that was just at the weekend, as 486 00:25:19,640 --> 00:25:23,080 Speaker 6: I said, And he said that he's ruled out holding 487 00:25:23,920 --> 00:25:27,880 Speaker 6: an Australian republic referendum while he is Prime Minister. In fact, 488 00:25:27,920 --> 00:25:30,359 Speaker 6: he said he only wanted to ever hold one referendum 489 00:25:30,359 --> 00:25:33,280 Speaker 6: and that was the one he did in twenty twenty three, 490 00:25:33,320 --> 00:25:35,280 Speaker 6: the one that didn't get up in fact, the Indigenous 491 00:25:35,400 --> 00:25:39,640 Speaker 6: Voice to Parliament referendum. So he says he's just concentrating 492 00:25:39,680 --> 00:25:42,600 Speaker 6: now on a cost of living and making a real 493 00:25:42,640 --> 00:25:44,119 Speaker 6: difference to people's life. 494 00:25:44,320 --> 00:25:47,080 Speaker 2: Sounds reasonable, doesn't it, especially since you've already kind of 495 00:25:47,080 --> 00:25:50,240 Speaker 2: been there, done that. What's the deal with this man 496 00:25:50,359 --> 00:25:53,119 Speaker 2: facing charges for a Nazi salote in Queensland? 497 00:25:54,280 --> 00:25:58,040 Speaker 6: Yes, well, this individual had previously been charged with giving 498 00:25:58,080 --> 00:26:01,480 Speaker 6: a Nazi salute at the al the Australian Football League 499 00:26:01,640 --> 00:26:05,000 Speaker 6: semi final at the Gabba in Brisbane. Well, he's been 500 00:26:05,080 --> 00:26:09,040 Speaker 6: charged with two new counts of publicly performing a Nazi salute. 501 00:26:09,040 --> 00:26:13,080 Speaker 6: He's a thirty nine year old person. He was arrested 502 00:26:13,080 --> 00:26:15,440 Speaker 6: by counter terrorism police yesterday. 503 00:26:15,680 --> 00:26:15,800 Speaker 8: Now. 504 00:26:15,840 --> 00:26:18,639 Speaker 6: One of the new charges allegedly happened in Brisbane Street. 505 00:26:18,960 --> 00:26:22,159 Speaker 6: That was just after he was released on bail on 506 00:26:22,280 --> 00:26:24,920 Speaker 6: the alleged incident at the footy, and the seven new 507 00:26:25,000 --> 00:26:29,440 Speaker 6: charge allegedly happened on a train. He says he's innocent. 508 00:26:29,480 --> 00:26:32,879 Speaker 6: He just calling himself an Australian patriot. He does have 509 00:26:32,920 --> 00:26:34,920 Speaker 6: a lifetime band. You can no longer go to the football. 510 00:26:35,359 --> 00:26:39,159 Speaker 6: But the chargers are well they could be well, he 511 00:26:39,200 --> 00:26:41,320 Speaker 6: could be facing up to five years in prison for 512 00:26:41,400 --> 00:26:42,120 Speaker 6: what he's been doing. 513 00:26:42,200 --> 00:26:44,240 Speaker 2: So charge for the first one, then gets out and 514 00:26:44,280 --> 00:26:47,560 Speaker 2: does it again on a train m h twice over 515 00:26:47,640 --> 00:26:51,639 Speaker 2: allegedly really doesn't care. Don appreciate that. Don On Demour, 516 00:26:51,680 --> 00:26:56,199 Speaker 2: Australia Correspondent. It's twelve to six, Ryan Bridge. The earthquake changes. 517 00:26:56,280 --> 00:26:59,520 Speaker 2: Thousands of buildings will no longer be classified as high 518 00:26:59,680 --> 00:27:03,560 Speaker 2: rest only three story plus concrete buildings. All those with 519 00:27:03,760 --> 00:27:07,840 Speaker 2: unreinforced masonry like brick walls will now require full upgrades. 520 00:27:08,280 --> 00:27:10,439 Speaker 2: Then he seal an Institute of Building Survey as President 521 00:27:10,480 --> 00:27:12,560 Speaker 2: Daryl august with me this morning, Daryl, good morning. 522 00:27:13,280 --> 00:27:14,000 Speaker 11: Good morning, Ryan. 523 00:27:14,080 --> 00:27:16,200 Speaker 2: How are you good? Good? Thank you. Thoughts on this. 524 00:27:17,840 --> 00:27:20,840 Speaker 11: Look at obviously a positive move for a lot of 525 00:27:20,880 --> 00:27:26,000 Speaker 11: owners in New Zealand that you know, crippled with the 526 00:27:26,040 --> 00:27:27,320 Speaker 11: fact that they're going to have to spend a lot 527 00:27:27,320 --> 00:27:28,560 Speaker 11: of money where we're going to have to spend a 528 00:27:28,600 --> 00:27:31,440 Speaker 11: lot of money on their buildings to upgrade them. However, 529 00:27:31,880 --> 00:27:34,359 Speaker 11: we do have some concerns around just making sure that 530 00:27:34,400 --> 00:27:37,159 Speaker 11: we don't go too far and making sure that you 531 00:27:37,240 --> 00:27:40,320 Speaker 11: know the right measures are in place. Still, the removal 532 00:27:40,359 --> 00:27:46,280 Speaker 11: of the need to look at other building elements such 533 00:27:46,320 --> 00:27:50,600 Speaker 11: as fire and accessibility does concern us somewhat, and I 534 00:27:50,600 --> 00:27:54,680 Speaker 11: think when I read through the media release it does 535 00:27:56,800 --> 00:27:59,440 Speaker 11: confuse me slightly where it says that owners won't need 536 00:27:59,480 --> 00:28:01,919 Speaker 11: to address those items, But then it also says that 537 00:28:01,960 --> 00:28:05,000 Speaker 11: the territorial authority will still need to check those items. 538 00:28:05,600 --> 00:28:08,919 Speaker 11: So the two don't really match at the moment, But 539 00:28:09,320 --> 00:28:11,560 Speaker 11: obviously the devil's in the detail. When we see more, 540 00:28:11,800 --> 00:28:15,240 Speaker 11: we'll be able to tell what the consequences are of 541 00:28:15,640 --> 00:28:17,200 Speaker 11: those changes. 542 00:28:17,400 --> 00:28:20,040 Speaker 2: So you're saying it's not necessarily the earthquake stuff, but 543 00:28:20,119 --> 00:28:23,920 Speaker 2: it's what fire escapes and wheelchair ramps and stuff. 544 00:28:25,119 --> 00:28:29,639 Speaker 11: Well, look, accessibility is obviously a concern for people who 545 00:28:29,680 --> 00:28:33,640 Speaker 11: require accessibility means to enter a building, but in terms 546 00:28:33,640 --> 00:28:36,720 Speaker 11: of fire, that's a pretty critical safety item within a building, 547 00:28:36,800 --> 00:28:45,440 Speaker 11: fire performance alarms and passifire requirements. So generally with a 548 00:28:45,480 --> 00:28:48,640 Speaker 11: seismic upgrade to a building, there would be other building 549 00:28:48,640 --> 00:28:54,720 Speaker 11: elements that do require remediation as well, and that's quite common. 550 00:28:54,840 --> 00:28:58,400 Speaker 11: So what the government's looking to do here is remove 551 00:28:58,480 --> 00:29:03,920 Speaker 11: the need to upgrade those systems. I'm not sure exactly 552 00:29:04,320 --> 00:29:06,840 Speaker 11: how much detail there is at the moment on what 553 00:29:06,880 --> 00:29:10,160 Speaker 11: that all looks like, but a standard approach of a 554 00:29:10,280 --> 00:29:13,560 Speaker 11: mediation of assignment building or a building of sigemic issues 555 00:29:13,600 --> 00:29:15,560 Speaker 11: would be that you know, a fire engineer would be 556 00:29:15,560 --> 00:29:18,240 Speaker 11: involved to do it. Gap analysis report of the building 557 00:29:18,440 --> 00:29:22,360 Speaker 11: and be able to tell the owners how it complies 558 00:29:22,480 --> 00:29:25,080 Speaker 11: currently with the Building Code and what it may need 559 00:29:25,160 --> 00:29:29,120 Speaker 11: to do to comply with any other provisions of the 560 00:29:29,160 --> 00:29:29,720 Speaker 11: Building Code. 561 00:29:29,800 --> 00:29:32,680 Speaker 2: Now, all the changes that they have made on earthquakes, 562 00:29:33,360 --> 00:29:36,080 Speaker 2: where does that put us in terms of global rankings? 563 00:29:36,240 --> 00:29:39,479 Speaker 2: You know, how safe would the buildings be here and 564 00:29:40,600 --> 00:29:43,120 Speaker 2: relative to earthquake risk versus other places. 565 00:29:43,920 --> 00:29:48,520 Speaker 11: Look, I wouldn't be able to say. I don't work internationally, 566 00:29:48,680 --> 00:29:52,040 Speaker 11: so you know my expertise is in New Zealand. What 567 00:29:52,080 --> 00:29:56,280 Speaker 11: I would say is that I do have some concern 568 00:29:56,360 --> 00:30:00,560 Speaker 11: about the removal of seismic upgrade to buildings and low 569 00:30:00,640 --> 00:30:03,560 Speaker 11: risk areas. I suppose I did hear something on your 570 00:30:03,600 --> 00:30:08,000 Speaker 11: news bulletin earlier today where somebody was talking about if 571 00:30:08,000 --> 00:30:13,520 Speaker 11: you remove those requirements in low risk areas, what happens 572 00:30:13,560 --> 00:30:15,680 Speaker 11: if something happened similar to what happened in Australia a 573 00:30:15,720 --> 00:30:17,800 Speaker 11: few years ago in a low risk area where it 574 00:30:17,840 --> 00:30:21,720 Speaker 11: earthquake did it? And so when we look at Auckland, 575 00:30:22,440 --> 00:30:25,280 Speaker 11: and I'm not trying to scaremonger here, but if something 576 00:30:25,280 --> 00:30:29,280 Speaker 11: did happen in Auckland that could significantly cripple our country. 577 00:30:29,400 --> 00:30:34,680 Speaker 11: So I think building owners need to be cognizant of 578 00:30:35,080 --> 00:30:37,760 Speaker 11: the changes and if they feel that there are things 579 00:30:37,800 --> 00:30:39,920 Speaker 11: that need to be done to their building, there is 580 00:30:39,960 --> 00:30:42,600 Speaker 11: nothing stopping them doing work to their building if they 581 00:30:42,600 --> 00:30:44,000 Speaker 11: are concerned about it. 582 00:30:44,600 --> 00:30:47,880 Speaker 2: Darrell, appreciate your time. Darryl August, who's with the New 583 00:30:47,960 --> 00:30:51,160 Speaker 2: Zealand Institute of Building Survey as their president. It is 584 00:30:51,880 --> 00:30:53,400 Speaker 2: eight minutes away from six. 585 00:30:56,600 --> 00:31:01,440 Speaker 1: On your radio and online on iHeartRadio edition with Ryan 586 00:31:01,480 --> 00:31:05,200 Speaker 1: Bridge and one roof Love where you Live News. 587 00:31:05,000 --> 00:31:07,280 Speaker 2: Talks ed B six to six News Talks said be 588 00:31:07,440 --> 00:31:10,000 Speaker 2: Denmark's justiceman As has come out overnight and said the 589 00:31:10,080 --> 00:31:12,760 Speaker 2: hybrid attacks from Russia where they think it's from Russia, 590 00:31:12,840 --> 00:31:15,160 Speaker 2: you know, the drones and you've got the fighter jets 591 00:31:15,160 --> 00:31:19,520 Speaker 2: and the incursions into EU airspace, well, he said it's 592 00:31:19,840 --> 00:31:22,320 Speaker 2: comparing it to nine to eleven in the US, saying 593 00:31:22,320 --> 00:31:24,800 Speaker 2: it's going to become the new normal. And Denmark is 594 00:31:24,880 --> 00:31:27,840 Speaker 2: due to hold the EU Summit on Wednesday, which may 595 00:31:27,880 --> 00:31:30,600 Speaker 2: have something to do with it. That's being affected. Sweden 596 00:31:30,680 --> 00:31:33,120 Speaker 2: sending in some antidrone equipment to help them out anyway. 597 00:31:33,720 --> 00:31:37,000 Speaker 2: It is five to two and Mike, Ryan, Mike's in 598 00:31:37,000 --> 00:31:39,760 Speaker 2: the studio Morning, Mike morning, good to see you. What's 599 00:31:39,800 --> 00:31:40,520 Speaker 2: going on today? 600 00:31:40,600 --> 00:31:44,400 Speaker 13: Well, I mean a whole bunch of stuff. The stats 601 00:31:44,440 --> 00:31:46,600 Speaker 13: have you done the health stats this morning? I mean, 602 00:31:46,600 --> 00:31:49,480 Speaker 13: if something goes from seventy one point three percent to 603 00:31:49,520 --> 00:31:51,720 Speaker 13: seventy two point six, is that I mean, is that 604 00:31:51,760 --> 00:31:52,080 Speaker 13: a thing? 605 00:31:52,160 --> 00:31:52,800 Speaker 2: Statistically? 606 00:31:53,040 --> 00:31:55,680 Speaker 13: I mean statistically is that? I mean? How many people 607 00:31:55,720 --> 00:31:57,920 Speaker 13: did they put in the department yesterday to run through 608 00:31:57,960 --> 00:31:59,840 Speaker 13: those numbers to be able to put out a press release? 609 00:32:00,080 --> 00:32:03,040 Speaker 13: We go, Oh my god, that's incredible. I'm assuming someone 610 00:32:03,120 --> 00:32:05,320 Speaker 13: somewhere feels better about the health system. 611 00:32:05,560 --> 00:32:07,480 Speaker 2: Finally, even Rob Campbell did this morning. 612 00:32:07,560 --> 00:32:09,160 Speaker 13: Well, I mean it's I mean, you can't ague the 613 00:32:09,200 --> 00:32:11,560 Speaker 13: number is good, so that that part's encouraging. But this 614 00:32:11,800 --> 00:32:15,960 Speaker 13: Southern Cross thing this morning, Yes, three point eight million 615 00:32:16,840 --> 00:32:19,480 Speaker 13: claims last year. So do you know how many insurance 616 00:32:19,480 --> 00:32:22,600 Speaker 13: companies there are in this country? Twenty four So there's 617 00:32:22,600 --> 00:32:25,960 Speaker 13: actually eighty something number of insurers, but they've all coalesced around, 618 00:32:26,120 --> 00:32:29,000 Speaker 13: So there's twenty four insurance companies in this country. The 619 00:32:29,160 --> 00:32:32,120 Speaker 13: Southern Cross obviously the biggest, but three point Just think 620 00:32:32,160 --> 00:32:34,040 Speaker 13: about how many of this are there. There's a bit 621 00:32:34,040 --> 00:32:38,120 Speaker 13: of five points something virtually everyone each year makes a 622 00:32:38,160 --> 00:32:41,160 Speaker 13: medical claim of some description, and they're paying out well 623 00:32:41,160 --> 00:32:44,520 Speaker 13: in excess. It's heading towards two billion dollars. And there's 624 00:32:44,520 --> 00:32:45,680 Speaker 13: something not right about. 625 00:32:45,560 --> 00:32:47,920 Speaker 2: Two and a half thousand new knees. Two and a 626 00:32:47,880 --> 00:32:49,960 Speaker 2: half Well, I mean that. 627 00:32:50,120 --> 00:32:51,600 Speaker 13: I mean, if you want to go back to Simmon Brown, 628 00:32:51,600 --> 00:32:52,920 Speaker 13: who we got on the program, I mean, that's how 629 00:32:52,960 --> 00:32:54,480 Speaker 13: you do. It doesn't If you want to up the 630 00:32:54,600 --> 00:32:57,200 Speaker 13: number of things, what you do is go cataracts, because 631 00:32:57,240 --> 00:32:59,480 Speaker 13: all you do is you put money as nies a 632 00:32:59,520 --> 00:33:02,360 Speaker 13: big and hips are big, but cataracts are easy. So 633 00:33:02,440 --> 00:33:04,160 Speaker 13: you go, right, how do we increase the number of 634 00:33:04,160 --> 00:33:05,280 Speaker 13: operations or procedures? 635 00:33:05,320 --> 00:33:05,600 Speaker 2: Will do? 636 00:33:05,880 --> 00:33:08,120 Speaker 13: Let's set aside a few million dollars for some cataracts. 637 00:33:08,120 --> 00:33:10,760 Speaker 13: Bang and you suddenly your numbers are eaten into you. 638 00:33:10,840 --> 00:33:12,720 Speaker 2: Yeah. I think we had a text to this morning 639 00:33:12,760 --> 00:33:15,560 Speaker 2: saying with the ed wait times, they reckon that if 640 00:33:15,960 --> 00:33:18,280 Speaker 2: from the time you go into the time that you 641 00:33:18,360 --> 00:33:21,479 Speaker 2: are discharged, that should be ede wait time. But they 642 00:33:21,520 --> 00:33:24,000 Speaker 2: reckon they count it from when you see the specialist 643 00:33:24,080 --> 00:33:26,560 Speaker 2: or see the doctor, so it doesn't actually count the 644 00:33:26,560 --> 00:33:27,080 Speaker 2: time you wait. 645 00:33:27,320 --> 00:33:29,479 Speaker 13: The whole thing's manipulated. But do you feel I mean, 646 00:33:29,520 --> 00:33:31,440 Speaker 13: I had a family member this week. You had a procedure, 647 00:33:31,480 --> 00:33:34,160 Speaker 13: for example, just a very minor procedure. But the place, 648 00:33:34,200 --> 00:33:37,040 Speaker 13: it's like a factory in there. It's like there's hundreds 649 00:33:37,040 --> 00:33:39,360 Speaker 13: of people waiting, just being ping. 650 00:33:39,520 --> 00:33:42,480 Speaker 2: But there's so many older people who need it, so well, 651 00:33:42,480 --> 00:33:43,239 Speaker 2: clearly there is. 652 00:33:43,280 --> 00:33:44,680 Speaker 13: But I mean, what's the matter with where was last 653 00:33:44,680 --> 00:33:47,000 Speaker 13: time you had a medical procedure? Exactly? 654 00:33:47,120 --> 00:33:49,520 Speaker 2: Yeah, I couldn't tell you, but I'm young, and mats. 655 00:33:49,640 --> 00:33:51,840 Speaker 13: Well exactly look at you anyway, we look at all of. 656 00:33:51,800 --> 00:33:52,520 Speaker 4: Us and more this month. 657 00:33:52,640 --> 00:33:54,400 Speaker 2: All right, brilliant mic is with your next Have a 658 00:33:54,400 --> 00:34:03,280 Speaker 2: great day of you one. See tomorrow. 659 00:34:01,960 --> 00:34:04,960 Speaker 1: For more from Early Edition with Ryan Bridge. Listen live 660 00:34:05,080 --> 00:34:08,440 Speaker 1: to News Talk SETB from five am weekdays, or follow 661 00:34:08,480 --> 00:34:10,040 Speaker 1: the podcast on iHeartRadio