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Speaker 1: Digging through the spin spins to find the real story

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Speaker 1: or HiT's Ryan Bridge on Heather Duper c Ellen Drive

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Speaker 1: with one New Zealand let's get connected and news talks

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Speaker 1: they'd be good afternoon.

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Speaker 2: It is seven after four news talks, they'd be the

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Speaker 2: balls and rushes caught on the ceasefire. So what exactly

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Speaker 2: do they want? We look at that? After five the

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Speaker 2: Unions are up for a fight with Nikola Willis on

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Speaker 2: the living wage, food scrap bins are heading for the

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Speaker 2: scrap heap, Shane Jones on the new gas Well and

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Speaker 2: Taranak he's been visiting today and quite excited about I'll

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Speaker 2: add too, Rod Juke from Briscoe's here as well. Ryan Bridge,

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Speaker 2: Welcome to your Wednesday. The dust has settled, finally settled

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Speaker 2: on that hysterical reaction to the Pole result earlier in

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Speaker 2: the week, and after all the hype and all the

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Speaker 2: media coverage and all the excitement from the opposition, I'm

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Speaker 2: left wondering what exactly is it we want from a

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Speaker 2: prime minister these days. In the old days, it was

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Speaker 2: a steady and predictable hand, someone who represented a certain

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Speaker 2: end of the spectrum for you, your phrases, your holy oaks,

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Speaker 2: more recently, your clerk's and your keys. Look at what

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Speaker 2: America is dealing with it the moment. It's pretty much

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Speaker 2: the antithesis of the type of political leadership that you

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Speaker 2: would expect here in New Zealand. It's chaotic, it's unpredictable,

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Speaker 2: it's all over the place. The markets are kicking off

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Speaker 2: like a frog and a sock. And today we've got

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Speaker 2: reports the CEOs, the executives, the guys who bankroll some

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Speaker 2: of these Republican campaigns, the donors, they are all picking

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Speaker 2: up the blower and asking what the hell is going

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Speaker 2: on in the Oval office right now? What is the

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Speaker 2: indgame here? The tariffs are on and off like a

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Speaker 2: light switch. And then there's the countryes responding. Canada has

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Speaker 2: tried the tough, took the stand up to the bully routine,

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Speaker 2: and now they're backing down. Australia has gone the other way.

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Speaker 2: They did the softly back door diplomacy approach, while that

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Speaker 2: door today has been slam shut in their face. And

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Speaker 2: here where our leaders don't really have that much influence

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Speaker 2: on the world stage. We're turning away from our Prime

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Speaker 2: minister and the polls. But what exactly are we turning

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Speaker 2: towards what exactly is the problem with him? Is it

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Speaker 2: because he says grip it up and well, what I'd

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Speaker 2: say to you is and that's annoying? Is that a

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Speaker 2: good reason to change a government? Everybody will have a

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Speaker 2: different answer to these questions. Of course, the team of

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Speaker 2: five million does not speak with one voice. The state

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Speaker 2: of the economy, which is not all Luxeon's making, of course,

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Speaker 2: and the fact that he shares power with Winston and

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Speaker 2: Seymour in the first proper full coalition three way coalition,

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Speaker 2: surely they are part of the problem for him. But

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Speaker 2: what exactly are we wanting from our prime minister, be

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Speaker 2: it Luxeon or someone else? Strength, compassion, competence, a better plan.

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Speaker 2: And once we know the answer to that qui question

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Speaker 2: and those questions, how long are we prepared to give

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Speaker 2: them to show us a result? Nine minutes after four

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Speaker 2: nine two was the number to text. Rod Duke might

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Speaker 2: have an answer to some of these questions. Actually, he

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Speaker 2: is the boss of Briscoes and they have announced the

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Speaker 2: company results today. Revenue largely flat, but profit down because

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Speaker 2: margins were squeezed. Of course, the state of the economy,

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Speaker 2: partly to blame for this. Rod Duke is with me.

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Speaker 2: Good afternoon.

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Speaker 3: Hi, right, how are you doing?

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Speaker 2: You're really good? Thank you, given I mean it's been

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Speaker 2: well traversed how bad retail has been for you know,

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Speaker 2: the struggles over the past year. You must be pretty

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Speaker 2: reasonably happy with this.

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Speaker 3: Yeah, we're pretty toughed with the result. Got the sales

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Speaker 3: did cost a bit of margin, costs within one percent

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Speaker 3: of last year in trees back about five million dollars

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Speaker 3: and stock turns up. So a lot of the metrics

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Speaker 3: that we measure have come through and we're pretty pleased.

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Speaker 2: What is it that you do to make sure you know,

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Speaker 2: I mean, obviously profit was down, but it's still profit right,

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Speaker 2: What are you doing to make sure of that and

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Speaker 2: keeping revenue flat?

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Speaker 3: Look, we're doing a lot of the basics that all

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Speaker 3: retailers know about. You're refreshing the rangers, You're improving the

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Speaker 3: quality of service in stores, the stores look better, the

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Speaker 3: online presence and presentation, and the platform is easy to maneuver,

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Speaker 3: just all the regular things that all retailers want to

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Speaker 3: do all the time.

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Speaker 2: Looking ahead, do you think, well, how long before you

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Speaker 2: think things get better? And are you worried about Trump

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Speaker 2: or you don't have much exposure to the tariffs and

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Speaker 2: the trade wars.

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Speaker 3: Look, I have to worry about in this country with

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Speaker 3: my business rather than worry about mainly the ex elsewhere.

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Speaker 3: But look, at the end of the day, Look it

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Speaker 3: is what it is. We'll have some effect in this country.

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Speaker 3: But basically all I've got to do where there's as

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Speaker 3: a customer that's been hurting and we think in the

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Speaker 3: near term it will improve a little and then towards

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Speaker 3: the back end of the year or the second half

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Speaker 3: of this year, we should be able to see some

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Speaker 3: improvement given that we've got a government that want to

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Speaker 3: be re elected.

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Speaker 2: Yeah, we'll get to that in a second. Does that

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Speaker 2: mean for the first half of this year? Does that

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Speaker 2: mean more sales potentially?

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Speaker 3: Look, Look, it means doing a lot of other clever things,

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Speaker 3: you know, better rangers, as I said, better service. It's

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Speaker 3: it's all of those things. Just doing things better than

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Speaker 3: my competitor set. That's that's the criteria.

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Speaker 2: Now you've said today you want the government to get

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Speaker 2: their their arson to gear. What exactly do you mean

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Speaker 2: and what do you want them to do?

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Speaker 3: Well, I think it's about time something happened. I understand

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Speaker 3: they probably inherited something that didn't didn't anticipate, and getting

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Speaker 3: to understand how bad the situation and looking at solving

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Speaker 3: some of those problems. But there's just about time that

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Speaker 3: they started, I think to put into place some really

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Speaker 3: innovative and some problem solving situation the solutions. That would

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Speaker 3: be my assessment, and I think time is probably about

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Speaker 3: right now.

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Speaker 2: They would argue they have been doing exactly that, you know,

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Speaker 2: and there's only so much spind there you can cut

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Speaker 2: if you want to go out and do fancy corporate

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Speaker 2: tax council whatever, then you've got to balance the books.

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Speaker 2: I mean, they're in a tight spot, I think, would

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Speaker 2: be their argument.

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Speaker 3: Yeah, and look, i'd agree with that too. I agree

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Speaker 3: it is a very very very difficult situation. But you know,

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Speaker 3: we need to see in the suburbs a bit of

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Speaker 3: imagination and a bit of forward thinking.

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Speaker 2: You haven't got any bright ideas for us, Rod, Oh.

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Speaker 3: My god, look for bright ideas of improving my profit

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Speaker 3: next year. They've the come them.

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Speaker 2: We'll leave that to them. Hey, thanks very much for

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Speaker 2: coming on the show. I really appreciate it.

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Speaker 3: Pleasure.

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Speaker 2: Rod Duke, Managing Director Brisco's Group. Fourteen minutes after four

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Speaker 2: news Talks HEREB nine ninety two is the number to

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Speaker 2: text Ryan. We want action, we want to stop the

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Speaker 2: wasteful spending. I want the Prime Minister to take over

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Speaker 2: the councils. Is that what you mean by out of

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Speaker 2: the box thinking. Darcy's next.

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Speaker 1: It's the Heather to Bussy Al and Drive Full Show

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Speaker 1: podcast on iHeartRadio powered by News TALKSB.

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Speaker 2: News Talks HEB seventeen minutes after Paul Ryan. The problem

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Speaker 2: is everyone wants the government to do something, but no

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Speaker 2: one can say what the something is. Rod is a

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Speaker 2: case in point. That's Rod Duke, who's the brisco's boss.

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Speaker 2: Just on the program, he said the government needs to

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Speaker 2: get its a enter g. That's the polite ways saying

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Speaker 2: it paraphrasing. But what exactly that means? No one's really

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Speaker 2: certain of, are they? And the IMF actually has some

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Speaker 2: thoughts on this. I'll tell you what they think. Caution,

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Speaker 2: it's boring, but I'll tell you what they think and

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Speaker 2: predictable later on in the program right now, never boring,

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Speaker 2: never predictable. Darcy water graves with us. Hey, Darcy, minds

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Speaker 2: you that's great saying from back in the day. Don't

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Speaker 2: just do something. Stand there.

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Speaker 4: That's what we've got. Hey, I'm here to talk about sport,

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Speaker 4: nothing else.

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Speaker 2: Let's stick to that, shall we?

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Speaker 1: Yes?

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Speaker 2: Ends it up. I saw this story yesterday and I

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Speaker 2: was intrigued. So they're looking at making some changes to

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Speaker 2: junior rugby. Year eight will go from fifteen to thirteen

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Speaker 2: a side, year seven to ten aside.

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Speaker 4: And they're going to have sometimes smaller fields. They're basically

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Speaker 4: trying to simplify the grassroots.

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Speaker 5: Of the game.

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Speaker 4: We're going to be joined by Mike Hester tonight a

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Speaker 4: participation at NZ talking about what they're trying to put

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Speaker 4: a place.

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Speaker 6: Now.

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Speaker 4: These are proposals and they're running them through the clubs

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Speaker 4: and they're running the past everybody concerns as parents, school kids, coaches,

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Speaker 4: the whole lot, because they want to retain players and

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Speaker 4: they want players to enjoy the game from a younger

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Speaker 4: age because once you get your hooks in them when

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Speaker 4: they're young, you keep them for a long time.

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Speaker 2: So hasn't it sort of worked with ripper rugby.

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Speaker 4: Yeah, but you've got to progress through the stages till

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Speaker 4: he become full blown adult players with full tackle, full scrums,

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Speaker 4: full lineouts. And part of the issue with this here

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Speaker 4: is that players at a younger age get pigeonholed into

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Speaker 4: roles that they probably don't need to be, and like

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Speaker 4: this short fat kid becomes a prop at eight. What

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Speaker 4: they want to do is have all of the young

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Speaker 4: players experience the full gamut of rugby and what it means.

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Speaker 4: So you run and you pass, and your kick and

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Speaker 4: you tackle, and you have fun with your mates, and

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Speaker 4: then you start solidifying your role as you get older

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Speaker 4: and you start understanding the game a lot.

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Speaker 2: So you make the team smaller so that everyone gets

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Speaker 2: to do a bit more of everything.

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Speaker 4: Everybody can do a way a bit more.

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Speaker 2: I'm not against that, of you against it, I think

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Speaker 2: there'll be people who have an allergic reaction to that,

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Speaker 2: or there.

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Speaker 4: Will be I think the elephant in the room around

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Speaker 4: participation though, was concussion, and that's something that has to

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Speaker 4: be addressed. And we'll talk to Mike about that, because

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Speaker 4: there's something they're acutely aware of. His mums and dads

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Speaker 4: not one of their kids playing the game because they're

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Speaker 4: afraid of that.

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Speaker 2: So do you get injured?

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Speaker 4: What about the safety that comes into this as well?

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Speaker 4: And I suppose with less players, bigger I don't know,

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Speaker 4: we talk about it anyway.

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Speaker 2: You get injured in golf, though, don't you look at

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Speaker 2: Tiger Woods?

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Speaker 5: Was that golf, Tiger?

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Speaker 2: What happened?

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Speaker 4: It could have been a car accident. I mean, you

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Speaker 4: could have slipped on a sock as he climbed out

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Speaker 4: of his bed.

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Speaker 3: I don't know.

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Speaker 4: In a hurry, I'm getting out of here. Well, I

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Speaker 4: don't know. He's got an r Kelly's he hit a

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Speaker 4: pop apparently hit and on the goal. No, no, no, no,

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Speaker 4: it's just cruising. Wasn't on the golfop something? So might

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Speaker 4: not come to the Masters. I suppose it's sorry an

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Speaker 4: issue because everybody you can decide when they want to retire.

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Speaker 4: But you look at the way Tiger is saying it

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Speaker 4: on for grim Dead.

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Speaker 2: I'm not going anywhere.

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Speaker 4: I'm not going anywhere. Why Kah, your body's falling apart. Mate,

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Speaker 4: Maybe you should just like cut yourself some slack and

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Speaker 4: maybe turn up the Masters every now and then. I mean,

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Speaker 4: it's got nothing left to prove, bro. But again, that's

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Speaker 4: his decision. It's his life, and if he wants to

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Speaker 4: keep all hell, you can get to the Seniors if

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Speaker 4: he wants and get beaten by Steven Elkert.

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Speaker 2: He Sir Jim Redcliffe very quickly says he's got no

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Speaker 2: money and then he's spent How much has he spent

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Speaker 2: on the stadium.

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Speaker 4: The stadium is proposed to cost two billion pounds, so

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Speaker 4: about four point five billion New Zealand dollars. Let's not

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Speaker 4: forget that Manchester Knight is where this new stadium is

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Speaker 4: going to be, next to Old Trafford.

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Speaker 2: I don't know if it's going to be called New

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Speaker 2: Trafford or not.

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Speaker 4: I won't take that was Matt Heath from previously. Apparently

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Speaker 4: their in the hole for a billion I s.

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Speaker 2: The difference is this is this would be capital expenditure,

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Speaker 2: wouldn't it as opposed to just you know, throwing money

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Speaker 2: at some some sponsorship rights.

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Speaker 4: So that million dollars and you're talking about billions and billions, mate,

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Speaker 4: just stick your hand on the bag of the couch,

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Speaker 4: give us that money, will go away.

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Speaker 2: Goes with his nut. Seven o'clock on news talks, there'd

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Speaker 2: be twenty one minutes after four, lots of your feedback

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Speaker 2: to come on exactly what it is you want from

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Speaker 2: a prime minister. Also, after five we're going to speak

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Speaker 2: to an expert, a Russian expert, Russian defense expert. What

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Speaker 2: exactly did they want? You know, the Ukrainians have come

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Speaker 2: to the table. They said we're willing to do a

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Speaker 2: seats fire, that Americans are on board with it. So

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Speaker 2: now the ball is in Russia's court. What will it

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Speaker 2: take for them to get across the line. We look

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Speaker 2: at that after five, checking the point of the story.

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Speaker 1: It's Ryan Bridge on here the duples Ellen drive with

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Speaker 1: one New Zealand.

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Speaker 5: Let's get connected and news talks they'd be after five.

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Speaker 2: We'll also talk to the CTU president, Richard Wagg's stuff.

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Speaker 2: He's having a go at Nikola Willis over her procurement

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Speaker 2: changes that she's made in the last twenty four hours.

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Speaker 2: We'll look at that at five p ten. Today, we've

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Speaker 2: got a couple of reports out. One is the im

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Speaker 2: IMF and don't roll your eyes, but the IMF report.

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Speaker 2: They do this every year and they take a look

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Speaker 2: at the state of our economy and tell us how

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Speaker 2: things how we're fearing. They are saying growth for twenty

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Speaker 2: twenty five one point four percent two point seven four

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Speaker 2: twenty twenty six, they say monetary policy easing to a

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Speaker 2: neutral level is warranted. What does that mean basically what

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Speaker 2: Adrian All said to three percent by the end of

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Speaker 2: the year. They say that despite the fact that we

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Speaker 2: are buying less from the rest of the world and

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Speaker 2: selling more and more expensive stuff to the rest of

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Speaker 2: the world, I dairy and our beef, we still have

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Speaker 2: a problem with our current account deficit. It remains high

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Speaker 2: and there is a structural component to it, so that's

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Speaker 2: not great. Where are we getting the growth from? Now

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Speaker 2: Here is the very predictable part of the report. I

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Speaker 2: promised you. We are getting the growth dominantly in the

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Speaker 2: short term from migration, while productivity growth is expected to

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Speaker 2: remain modest if there is no significant structural reform. So

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Speaker 2: surprise surprise there. The risks are also not that surprising.

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Speaker 2: Donald Trump and the trade wars. Also an earthquake, so

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Speaker 2: pray for us. They recommend, as they have in all

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Speaker 2: other reports that I've read from the IMF, a comprehensive

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Speaker 2: capital gains tax, so no one seems to actually do one.

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Speaker 2: And they also say that the ocr should hit three

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Speaker 2: point two five percent by midway through this year. So

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Speaker 2: that's the world according to the our world according to

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Speaker 2: the IMF twenty six after four Bridge show the retail

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Speaker 2: card spinning data we've had out today. This is for February.

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Speaker 2: It was up zero point three percent, so an increase,

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Speaker 2: but it's not massive and it's nothing to write home about.

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Speaker 2: Hospitality was down point one, consumables up, apparel up. December,

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Speaker 2: you'll remember, was a strong month for US, and then

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Speaker 2: we dipped in January. We were down one point six

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Speaker 2: you take away the petrel in the vehicles, and the

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Speaker 2: spending was up point five. We're still not seeing people

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Speaker 2: going out in kitchen Kichen swiping the cars to make

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Speaker 2: Rod Drury happy at Brisco's, and that doesn't like it's

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Speaker 2: going to happen anytime soon. If you look at the

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Speaker 2: number for February and compare it to February last year,

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Speaker 2: we're actually down four point two percent. So you know,

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Speaker 2: you can read all the surveys about consumer confidence that

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Speaker 2: you want, but it's not at this stage translating into

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Speaker 2: anything tangible. Dan Mitchison out of the US.

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Speaker 1: Next after making the news, the news makers talk to

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Speaker 1: Ryan first. It's Ryan Bridge on Hither Dupercy Elan Drive

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Speaker 1: with one New Zealand, let's get connected news talks.

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Speaker 5: They'd be good.

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Speaker 2: Afternoon twenty five minutes away from five that big investment

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Speaker 2: summit kicking off in Auckland in Earnest this afternoon. There's

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Speaker 2: going to be a speech by the Prime minister today.

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Speaker 2: I mean, if you like speeches by prime ministers, then

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Speaker 2: you're going to love this investment conference because there's three

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Speaker 2: of them, apparently, one this afternoon, one tomorrow morning, and

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Speaker 2: then one tomorrow night if I got that right, or

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Speaker 2: to Friday, so it's spread over three to three days,

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Speaker 2: which is right?

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Speaker 7: If it's three speeches by prime ministers? Is that three

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Speaker 7: speeches from the same prime minister, same guy? I mean

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Speaker 7: he's going to have to hold some material back for

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Speaker 7: number three, isn't it.

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Speaker 2: That's the thing. How many speeches can you do before

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Speaker 2: you actually lose the room? And it's the same room

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Speaker 2: of people, and there's only one hundred, so you can't

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Speaker 2: exactly go to the toilet, you know what I mean?

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Speaker 2: People will notice, it's going to be obvious. So anyway,

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Speaker 2: we'll be across that this afternoon. And there are some

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Speaker 2: changes they've already announced, because obviously the government will want

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Speaker 2: to be announcing something during this conference. They've annow some

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Speaker 2: changes that will affect tech gurus highly skilled people and

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Speaker 2: start up entrepreneurs. And if you're not one of those people,

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Speaker 2: there's still reason you should care. I'll tell you about

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Speaker 2: that later on in the show twenty four Away from five, it's.

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Speaker 5: The world wires on news Talks, they'd be drive, well, what.

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Speaker 8: Do you know?

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Speaker 2: Ukraine cowtawels to the US and the taps are turned

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Speaker 2: back on. Zelenski has said yes to a thirty day

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Speaker 2: ceasefire and the military aid is back on. Here's Marco

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Speaker 2: Rubio now hopefully, well we'll take this offer and out

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Speaker 2: of the Russians and we hope that they'll say yes't

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Speaker 2: say yes to piece the balls now in our court.

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Speaker 2: The big, burly, tough talking Ontario premiere has also bound

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Speaker 2: down to Trump. Trump threatened a twenty five plus twenty

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Speaker 2: five so tariff's of fifty percent on Canadian steel and aluminium,

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Speaker 2: and the backdown from doug Ford has been met with

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Speaker 2: glee from Trump.

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Speaker 9: As you know, there's a very strong man in Canada

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Speaker 9: who said he was going to charge a shirt charge.

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Speaker 9: You're a tariff and electricity come again to Ocochim. He

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Speaker 9: has called and he said he's not going to do that. Okay,

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Speaker 9: he's not going to do that, and it would have

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Speaker 9: been a very bad thing if he did. And he's

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Speaker 9: not going to do this, so I respect that.

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Speaker 2: Finally, this afternoon, a Pennsylvania man has been caught trying

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Speaker 2: to board a flight with a small turtle in his pants.

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Speaker 2: I should have pre read this ants, because I thought

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Speaker 2: there was going somewhere completely different. You've put you fast,

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Speaker 2: you read forward to pants and you think small? What ants?

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Speaker 2: What have you given me? The body scanner alarm went

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Speaker 2: off and a TSA agent did a pat down determined

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Speaker 2: there was something concealed in the man's growing area. The

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Speaker 2: man then revealed and surrendered the turtle. It was wrapped

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Speaker 2: in a towel. The TSA says the animal appears, thank

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Speaker 2: goodness to be unharmed.

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Speaker 1: International correspondence with ends and eye Insurance Peace of mind

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Speaker 1: for New Zealand business.

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Speaker 2: Damn Metrosin is a US correspondent. Dan, good afternoon to you.

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Speaker 10: Well, you know what kind of photo a turtle loves

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Speaker 10: to take? Right shelfy? Nothing?

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Speaker 5: Okay?

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Speaker 2: Thanks, thanks Dan, Thank you. I don't know if anyone's

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Speaker 2: better off for you telling that, Jope, but I appreciate

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Speaker 2: the sentiment. This is some quiet, very unfunny news. Actually

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Speaker 2: some night breaking news out of the US. The Education

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Speaker 2: Department is going to lay off half its stuff.

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Speaker 10: Yeah, I mean this is this is just a huge

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Speaker 10: sweeping layoff that has begun tonight. They're going to cut

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Speaker 10: about fifty percent of the workforce right now.

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Speaker 5: They began this evening.

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Speaker 10: They employ about four thousand, maybe forty five hundred people

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Speaker 10: or so. And what was interesting earlier today, they just

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Speaker 10: sent out this email to all the employees saying the

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Speaker 10: offices are going to be closed tonight and tomorrow for

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Speaker 10: unspecified security reasons. They didn't say what it was going

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Speaker 10: to be, but they told everybody to take their laptops.

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Speaker 10: So I think most people could see the riding on

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Speaker 10: the wall. And you know, there have been reporters that

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Speaker 10: have been saying that they can't remember a time that

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Speaker 10: all the offices were closed like this, even for VIPs

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Speaker 10: that are going to be on the site. So the

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Speaker 10: layoffs looks like I'll take effect in about ninety days,

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Speaker 10: and I think this is going to affect and impact

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Speaker 10: just a lot of day to day operations with the department.

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Speaker 2: The Trump wants to get rid of that department altogether,

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Speaker 2: though right some of they just buttering it up for

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Speaker 2: the end.

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Speaker 10: Well, yeah, that's I think that's what you're I think

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Speaker 10: you're right between him and Elon Musk. I mean, his

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Speaker 10: whole goal is to get rid of this department completely.

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Speaker 10: I don't know whether they'll be able to do that,

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Speaker 10: but I mean at this point in time, with the

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Speaker 10: number of cuts they've been going through with the government

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Speaker 10: so far in the last ninety days, I mean, anything

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Speaker 10: seems possible.

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Speaker 2: Yeah, because presumably you would need someone left standing to

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Speaker 2: run the education department, wouldn't you or do?

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Speaker 10: I mean, yeah, unless you get unless you get Trump,

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Speaker 10: who says I'm going to take this over like he's

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Speaker 10: taken so over so many other agencies.

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Speaker 2: All Right, How Ukraine is on board with this proposal

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Speaker 2: for a sea spy. What's Trump saying about him?

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Speaker 10: Well, I think they're happy that things are moving forward,

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Speaker 10: like you were talking about in the World wires there.

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Speaker 10: I mean, Marco Rubio said that after all this this meeting,

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Speaker 10: right now, the ball is in Russia's court to take

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Speaker 10: steps to end the war. The president has said he's

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Speaker 10: going to speak with Russian President Vladimir Putin about a

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Speaker 10: plan potentially this week, and they've also agreed that, you know,

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Speaker 10: this minerals deal, which was kind of what blew up

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Speaker 10: in the Oval Office a week and a half ago

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Speaker 10: or so or so, is going to be done as

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Speaker 10: soon as possible. And you know, Trump is saying this

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Speaker 10: is going to expand Ukraine's economy and at the same

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Speaker 10: time it's going to guarantee their long term security, which

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Speaker 10: is you know, something that the President of Ukraine had

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Speaker 10: been adamant about.

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Speaker 2: Dan We are five years on from the pandemic, but

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Speaker 2: here in New Zealand, we still have big problems with

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Speaker 2: their education, with school attendance, all that kind of stuff.

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Speaker 2: How are you guys fearing over there.

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Speaker 5: Yeah, it's kind of the same way.

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Speaker 10: I mean, it's hard to believe it's been five years

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Speaker 10: this month since this kind of first hit and our

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Speaker 10: kids were kind of caught up. In my kids, i say,

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Speaker 10: or were caught up in their first year of high

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Speaker 10: school and they had to do remote learning here and

439
00:21:42,560 --> 00:21:44,200
Speaker 10: as a parent it was challenging, and then as a

440
00:21:44,240 --> 00:21:47,320
Speaker 10: reporter it was challenging too. And what we've learned from

441
00:21:47,359 --> 00:21:51,119
Speaker 10: studies that have just come out is basically kids got

442
00:21:51,200 --> 00:21:53,080
Speaker 10: behind over the next couple of years, you know, math

443
00:21:53,160 --> 00:21:56,520
Speaker 10: and English and science scores dropped, and unfortunately they still

444
00:21:56,600 --> 00:22:00,240
Speaker 10: have not caught up five years later. And what they're

445
00:22:00,240 --> 00:22:02,399
Speaker 10: seeing is and a lot of this is stuff that

446
00:22:02,440 --> 00:22:04,399
Speaker 10: we've heard before, but a number of kids didn't have

447
00:22:04,520 --> 00:22:06,680
Speaker 10: the adequate tools and they didn't have the right spaces

448
00:22:06,760 --> 00:22:09,560
Speaker 10: to learn, and as a result, students are seeing their

449
00:22:09,720 --> 00:22:12,920
Speaker 10: levels of learning compared to the predecessor's fall. Now, the

450
00:22:13,000 --> 00:22:15,879
Speaker 10: one good thing real quick I will say, Ryan, is that, Okay,

451
00:22:15,920 --> 00:22:17,800
Speaker 10: we know we can make remote learning work if we

452
00:22:17,920 --> 00:22:20,320
Speaker 10: have to, but most importantly, we know that the kids

453
00:22:20,359 --> 00:22:23,480
Speaker 10: are actually learning things in school and the environment is

454
00:22:23,560 --> 00:22:25,960
Speaker 10: better than trying to separate them. And you know a

455
00:22:26,040 --> 00:22:29,000
Speaker 10: lot of socioeconomic hurdles that we had to face, you know,

456
00:22:29,080 --> 00:22:30,680
Speaker 10: during the last few years of the pandemic.

457
00:22:31,600 --> 00:22:33,639
Speaker 2: Dan, thank you very much for that. Dan Mitchton, our

458
00:22:33,760 --> 00:22:37,119
Speaker 2: US correspondent. It's nineteen minutes away from five Ryan Bridge.

459
00:22:37,320 --> 00:22:38,920
Speaker 2: So Nicola Willis has come up with a plan for

460
00:22:39,040 --> 00:22:41,879
Speaker 2: procurement and it's upsetting the unions. So here are the

461
00:22:41,960 --> 00:22:44,280
Speaker 2: things she wants to do. If you've got a government contract,

462
00:22:44,440 --> 00:22:47,879
Speaker 2: This is for smaller ones. You no longer need to

463
00:22:48,080 --> 00:22:50,600
Speaker 2: have a five star building rating. If you're doing a

464
00:22:50,640 --> 00:22:54,159
Speaker 2: new building, you know, not no longer if you're a

465
00:22:54,240 --> 00:22:56,760
Speaker 2: business that wants a government contract, you no longer need

466
00:22:56,880 --> 00:23:00,879
Speaker 2: to have evs or hybrid vehicles. You no longer need

467
00:23:01,000 --> 00:23:04,480
Speaker 2: to purchase office supplies that produce low amounts of waste

468
00:23:05,040 --> 00:23:08,400
Speaker 2: or are recyclable, and you no longer need to pay

469
00:23:08,480 --> 00:23:12,040
Speaker 2: the living wage in contracts to cleaning, catering and security guards,

470
00:23:12,400 --> 00:23:14,480
Speaker 2: which is what the unions are all miffed about today.

471
00:23:14,520 --> 00:23:16,760
Speaker 2: They're on the show after five o'clock. But if you

472
00:23:16,840 --> 00:23:18,879
Speaker 2: go through that list, I mean, do you do you

473
00:23:19,080 --> 00:23:22,719
Speaker 2: care whether someone who the government contracts to has an

474
00:23:22,760 --> 00:23:26,680
Speaker 2: EV or not? I don't. Do you care whether they're

475
00:23:26,720 --> 00:23:30,240
Speaker 2: using staples or paper or are just I don't care.

476
00:23:32,160 --> 00:23:34,200
Speaker 2: I guess the bigger question in light of the whole

477
00:23:35,080 --> 00:23:37,960
Speaker 2: that issue we shall not mention to do with the

478
00:23:38,640 --> 00:23:41,720
Speaker 2: thing you eat between breakfast and dinner, which they are

479
00:23:41,760 --> 00:23:43,960
Speaker 2: currently serving to young people.

480
00:23:45,080 --> 00:23:45,719
Speaker 11: You know that thing?

481
00:23:46,359 --> 00:23:49,520
Speaker 2: Yeah, if you go for the cheapest option, is that

482
00:23:49,680 --> 00:23:52,800
Speaker 2: necessarily the best fun either? You know, it gets a

483
00:23:52,840 --> 00:23:56,439
Speaker 2: hard one. What you want really a good smart people

484
00:23:57,119 --> 00:24:00,320
Speaker 2: doing the procuring. That's really what it comes down to.

485
00:24:00,440 --> 00:24:04,639
Speaker 2: You need good smart people in government departments who are

486
00:24:04,680 --> 00:24:07,040
Speaker 2: doing this stuff otherwise, I mean, it doesn't matter how

487
00:24:07,080 --> 00:24:11,000
Speaker 2: many rules you set, you'll end up with an exploding

488
00:24:11,080 --> 00:24:14,560
Speaker 2: lunch seventeen away from five Barrisoper next.

489
00:24:14,760 --> 00:24:18,879
Speaker 1: Politics with Centrics, Credit, check your customers and get payments certainty.

490
00:24:18,640 --> 00:24:21,440
Speaker 2: New talks here b Barri soapis he has senior political correspondent.

491
00:24:21,480 --> 00:24:24,040
Speaker 2: Good afternoon, Barry, afternoon, Ryan, good to see you. Now

492
00:24:24,160 --> 00:24:26,280
Speaker 2: you've been having a look at two at this KPMG

493
00:24:26,440 --> 00:24:29,320
Speaker 2: report on our banking sector, the margins that we pay,

494
00:24:29,880 --> 00:24:33,040
Speaker 2: the margins that our banks earn here versus Australia.

495
00:24:32,880 --> 00:24:36,920
Speaker 12: Well not only Australia, other countries as well. We're in

496
00:24:37,040 --> 00:24:40,959
Speaker 12: the middle to upper end in terms of the bank's

497
00:24:41,000 --> 00:24:43,920
Speaker 12: profitability if you look at because we've got four big

498
00:24:44,000 --> 00:24:48,240
Speaker 12: Australian banks operating in this country. Of course, they last

499
00:24:48,320 --> 00:24:53,040
Speaker 12: year made a net profit of seven point two two

500
00:24:53,880 --> 00:24:55,920
Speaker 12: billion dollars.

501
00:24:55,760 --> 00:24:57,200
Speaker 3: Which is extraordinary.

502
00:24:57,320 --> 00:25:00,479
Speaker 2: But they're big outfut well no, no, but they keep

503
00:25:00,600 --> 00:25:03,320
Speaker 2: telling us they're tens of thousands of employees.

504
00:25:03,440 --> 00:25:05,639
Speaker 12: Yes they have all that, yes, I know, and the

505
00:25:07,040 --> 00:25:10,040
Speaker 12: chief executives that are back before the Select Committee at

506
00:25:10,080 --> 00:25:14,359
Speaker 12: Parliament this week they're crying poor on their three million

507
00:25:14,400 --> 00:25:17,560
Speaker 12: dollar salaries. I mean, it's a really tough area out there.

508
00:25:17,840 --> 00:25:21,920
Speaker 12: But if you look at the banks, the margin is

509
00:25:23,000 --> 00:25:26,280
Speaker 12: two point three four percent. Now that's the difference. The

510
00:25:26,359 --> 00:25:29,560
Speaker 12: ocr is three point seventy five percent, So that's what

511
00:25:29,640 --> 00:25:32,480
Speaker 12: they buy their money at, and their margin is two

512
00:25:32,560 --> 00:25:35,639
Speaker 12: point three four percent, which would give you an interest

513
00:25:35,760 --> 00:25:39,159
Speaker 12: rate of around I guess six percent, And that's what

514
00:25:39,480 --> 00:25:42,280
Speaker 12: we should be paying in our mortgages. But you know,

515
00:25:42,440 --> 00:25:45,960
Speaker 12: I don't think everybody's paying. Well, we're probably getting closer

516
00:25:46,359 --> 00:25:47,080
Speaker 12: to six percent.

517
00:25:47,760 --> 00:25:49,920
Speaker 2: It depends what sort of It depends on your situation,

518
00:25:50,119 --> 00:25:51,480
Speaker 2: isn't it how much you're borrowing and.

519
00:25:51,520 --> 00:25:54,400
Speaker 12: What you will well, yeah, right. The biggest problem here

520
00:25:54,560 --> 00:25:56,760
Speaker 12: if you listen to the banks, and it's been reflected

521
00:25:57,200 --> 00:26:00,800
Speaker 12: by some political circles as well, is the capital that

522
00:26:00,880 --> 00:26:04,720
Speaker 12: they have to retain to make sure that if times

523
00:26:04,800 --> 00:26:09,280
Speaker 12: do get tough, that the depositors funds will be looked

524
00:26:09,320 --> 00:26:14,359
Speaker 12: after and the like. So when you look at other countries,

525
00:26:14,400 --> 00:26:18,080
Speaker 12: it's pretty high in New Zealand, mainly because our economy

526
00:26:18,440 --> 00:26:20,639
Speaker 12: is in a pretty risky state at the moment.

527
00:26:20,480 --> 00:26:23,560
Speaker 2: That's right, and we're a small country and we're one

528
00:26:23,640 --> 00:26:26,280
Speaker 2: earthquake away from everything going to hell. In a handbasket.

529
00:26:26,359 --> 00:26:29,080
Speaker 2: So you know, yes, they might be making a little

530
00:26:29,080 --> 00:26:32,000
Speaker 2: bit more money here, but they in theory, we are

531
00:26:32,080 --> 00:26:33,840
Speaker 2: safer here because they've got the capital.

532
00:26:33,880 --> 00:26:36,320
Speaker 12: But no bank has fallen over here either. And the

533
00:26:36,440 --> 00:26:39,639
Speaker 12: thing is that with the new governor of the Reserve

534
00:26:39,720 --> 00:26:43,159
Speaker 12: Bank coming in, because the Reserve Bank sets those capital requirements,

535
00:26:43,760 --> 00:26:45,879
Speaker 12: maybe they'll be a bit more liberal and certainly that

536
00:26:45,920 --> 00:26:48,040
Speaker 12: would appease some of the political circles.

537
00:26:48,440 --> 00:26:52,040
Speaker 2: Now, speaking of political circles, Ginny Anderson, she did it again.

538
00:26:52,119 --> 00:26:55,160
Speaker 2: This is on with on Breakfast on Hosking this morning.

539
00:26:55,440 --> 00:26:57,600
Speaker 2: Her foot firmly buried in her mouth.

540
00:26:58,600 --> 00:27:01,480
Speaker 12: Was what a I couldn't believe it when I heard it.

541
00:27:02,240 --> 00:27:04,960
Speaker 12: It was like regular slot on Wednesday, Mark Mitchell with

542
00:27:05,080 --> 00:27:08,399
Speaker 12: Mark Mitchell. She was moaning about what a waste some

543
00:27:08,520 --> 00:27:11,560
Speaker 12: time the eighty hours were for hearing submissions on the

544
00:27:11,600 --> 00:27:15,160
Speaker 12: Treaties principal Bill when it was going to be voted down. Well,

545
00:27:15,600 --> 00:27:18,800
Speaker 12: it was a great, great piece of radio in my view.

546
00:27:19,240 --> 00:27:23,479
Speaker 12: The woman Chris Hopkins rates promoting Ginny Anderson to Labour's

547
00:27:23,560 --> 00:27:28,840
Speaker 12: finance team last week and making her responsible for treaty negotiations,

548
00:27:29,359 --> 00:27:32,720
Speaker 12: made a full of herself when taking issue with Mitchell

549
00:27:32,760 --> 00:27:33,760
Speaker 12: over the Treaties bill.

550
00:27:33,800 --> 00:27:36,400
Speaker 2: Ever, listen, Labour took some of the bills through themselves

551
00:27:36,680 --> 00:27:38,480
Speaker 2: when they're in Parliament. They got killed off as well.

552
00:27:39,600 --> 00:27:41,119
Speaker 2: But I think that it.

553
00:27:43,160 --> 00:27:45,240
Speaker 7: Was a treaty Principal's Bill that Labor brought into.

554
00:27:45,080 --> 00:27:47,200
Speaker 5: The House as well through the process.

555
00:27:48,520 --> 00:27:48,800
Speaker 13: Making it.

556
00:27:50,119 --> 00:27:50,760
Speaker 2: Check your history.

557
00:27:52,480 --> 00:27:54,119
Speaker 7: You don't know, you don't even know that.

558
00:27:55,960 --> 00:27:57,919
Speaker 2: The treaties negotiated.

559
00:27:59,359 --> 00:27:59,959
Speaker 14: Didn't support.

560
00:28:00,840 --> 00:28:01,320
Speaker 8: I was right.

561
00:28:01,440 --> 00:28:03,720
Speaker 15: Labor does not support it, honestly.

562
00:28:03,920 --> 00:28:06,480
Speaker 12: That was her coming back after the break, So I

563
00:28:06,640 --> 00:28:09,800
Speaker 12: was right all along. Well, in fact, Jenny, go back

564
00:28:09,840 --> 00:28:12,480
Speaker 12: and have a listen, as all our listeners have heard,

565
00:28:13,400 --> 00:28:14,280
Speaker 12: you were wrong.

566
00:28:17,520 --> 00:28:21,440
Speaker 2: Hey, just finally the Maori Party staying on the on

567
00:28:21,560 --> 00:28:24,040
Speaker 2: a similar vein heir, the Malori Party goes into bat

568
00:28:24,080 --> 00:28:26,120
Speaker 2: for funer order agencies. These are the ones who've lost

569
00:28:26,160 --> 00:28:27,760
Speaker 2: their contracts. We've heard about it in the last couple

570
00:28:27,800 --> 00:28:30,440
Speaker 2: of days. One of them of course, belongs to or

571
00:28:30,560 --> 00:28:32,520
Speaker 2: is run by John Timmerhead of their president.

572
00:28:32,680 --> 00:28:36,200
Speaker 12: It's a big it's a big contract and the person

573
00:28:36,320 --> 00:28:40,040
Speaker 12: firing the questions today was the Maori Parties co leaded

574
00:28:40,080 --> 00:28:45,760
Speaker 12: every rewa Packer. She was accused in Parliament today of

575
00:28:45,840 --> 00:28:49,840
Speaker 12: asking questions on behalf of her party's president, John Tamma Harry,

576
00:28:49,840 --> 00:28:53,800
Speaker 12: who had one of the big contracts, but Louise Upston,

577
00:28:53,880 --> 00:28:57,080
Speaker 12: standing in for the minister, says the transition to the

578
00:28:57,160 --> 00:28:59,960
Speaker 12: new providers will be very carefully managed.

579
00:29:00,040 --> 00:29:02,240
Speaker 15: The Department of Prime Minister and Cabinet and the Public

580
00:29:02,320 --> 00:29:05,960
Speaker 15: Service Commission are working closely with Tapuny Corkerdy to manage

581
00:29:06,000 --> 00:29:09,640
Speaker 15: the transition and to ensure a smooth continuity of service

582
00:29:09,920 --> 00:29:11,440
Speaker 15: for the final receiving services.

583
00:29:13,160 --> 00:29:15,520
Speaker 3: Does a provider that has banked over one hundred million

584
00:29:15,520 --> 00:29:18,640
Speaker 3: dollars in profit not suggest that the taxpayers money has

585
00:29:18,720 --> 00:29:20,200
Speaker 3: not gone for the purpose which was given in the

586
00:29:20,240 --> 00:29:20,720
Speaker 3: first place.

587
00:29:21,000 --> 00:29:24,200
Speaker 15: This is a process that Puny Corcuerdy have run, as

588
00:29:24,360 --> 00:29:28,040
Speaker 15: recommended by MB that every contract that the government has

589
00:29:28,440 --> 00:29:31,320
Speaker 15: should go to market every four to five years to

590
00:29:31,440 --> 00:29:34,200
Speaker 15: test the market to see if there are other providers available.

591
00:29:34,280 --> 00:29:38,520
Speaker 16: We've got a member asking pointed questions about a process

592
00:29:39,200 --> 00:29:41,960
Speaker 16: in which one of the major losers appears to be

593
00:29:42,080 --> 00:29:44,840
Speaker 16: a prominent member of our own political party. I just

594
00:29:44,920 --> 00:29:47,120
Speaker 16: wonder if there's any need to declare such a conflict

595
00:29:47,200 --> 00:29:48,760
Speaker 16: of interest before asking such questions.

596
00:29:49,120 --> 00:29:51,680
Speaker 12: Well, when speaking decided there wasn't any need to do it.

597
00:29:51,880 --> 00:29:55,560
Speaker 12: And I didn't planny of not Rewhitpackers' questions because they

598
00:29:55,600 --> 00:30:00,480
Speaker 12: are all superficial, really and they didn't elicit anything but

599
00:30:00,600 --> 00:30:05,200
Speaker 12: the fact that she's clearly upset about the contract being lost.

600
00:30:05,360 --> 00:30:08,680
Speaker 12: And there is certainly, in my view, something of a

601
00:30:08,760 --> 00:30:12,440
Speaker 12: conflict there when you consider she's asking about a contract

602
00:30:12,520 --> 00:30:16,160
Speaker 12: that or one of the contracts that was held by

603
00:30:16,400 --> 00:30:18,120
Speaker 12: the party president John Tammick, A.

604
00:30:18,280 --> 00:30:20,080
Speaker 2: Bit of distinct you reckon, Verry, Thank you for that.

605
00:30:20,360 --> 00:30:23,160
Speaker 2: Verry Soper, Senior political correspondent here at News Talks. Here

606
00:30:23,280 --> 00:30:25,800
Speaker 2: be eight away from five after five. Of course, we're

607
00:30:25,800 --> 00:30:28,600
Speaker 2: going to talk about what Russia wants from a potential

608
00:30:28,640 --> 00:30:32,320
Speaker 2: sex fire deal with Ukraine. And this council bin issue

609
00:30:32,600 --> 00:30:35,960
Speaker 2: has read its head again. This is the food scrap bin,

610
00:30:36,080 --> 00:30:39,200
Speaker 2: this time in Huanganui where they are throwing. You know,

611
00:30:39,240 --> 00:30:43,959
Speaker 2: they've got nineteen thousand food scrap bins they are literally

612
00:30:44,040 --> 00:30:45,760
Speaker 2: going to have to put in the bin.

613
00:30:47,000 --> 00:30:50,520
Speaker 5: Digging into the issues that affect you the my casting.

614
00:30:50,280 --> 00:30:52,480
Speaker 17: Breakfast, I thought it might be fun to talk about

615
00:30:52,480 --> 00:30:54,720
Speaker 17: school lunches because the media has ignored the subject for

616
00:30:54,800 --> 00:30:56,840
Speaker 17: far too long. Of course, if you went and hired

617
00:30:56,880 --> 00:30:59,720
Speaker 17: mister Chief Hos, who you knew was a problem, and

618
00:30:59,800 --> 00:31:01,360
Speaker 17: that problems come back to bite you in the bum

619
00:31:01,440 --> 00:31:01,880
Speaker 17: that's on you.

620
00:31:02,000 --> 00:31:07,120
Speaker 18: Isn't it, Well, well it actually it hasn't. What we've

621
00:31:07,200 --> 00:31:09,560
Speaker 18: done is overcome problems as they've arisen.

622
00:31:09,600 --> 00:31:10,880
Speaker 5: When one.

623
00:31:12,720 --> 00:31:16,360
Speaker 19: Problems because you went with the cheapest person in town

624
00:31:16,440 --> 00:31:18,160
Speaker 19: who was always going to cause you problems, because that's

625
00:31:18,200 --> 00:31:20,840
Speaker 19: what cheaf people go back tomorrow at six am, the

626
00:31:20,920 --> 00:31:24,160
Speaker 19: mic asking breakfast with the rain driver of the last newstalks, z' be.

627
00:31:25,640 --> 00:31:27,640
Speaker 2: Five away from five on news talks. They'd be good

628
00:31:27,640 --> 00:31:29,720
Speaker 2: to have you with me this evening. And now the

629
00:31:29,880 --> 00:31:33,240
Speaker 2: Prime Minister has just released a statement with that sounds

630
00:31:33,640 --> 00:31:36,720
Speaker 2: more serious than it needed to needed to. It's just

631
00:31:36,800 --> 00:31:38,520
Speaker 2: a statement outlining what he's going to speak to the

632
00:31:38,600 --> 00:31:40,800
Speaker 2: summit about in Auckland, which there is a lot of

633
00:31:40,880 --> 00:31:44,800
Speaker 2: interest in. He says, a growing New Zealand economy translate

634
00:31:44,880 --> 00:31:47,560
Speaker 2: to more jobs, high wages, better infrastructure and it makes

635
00:31:47,800 --> 00:31:50,360
Speaker 2: all New Zealanders better off. My message to these companies

636
00:31:50,400 --> 00:31:52,840
Speaker 2: and individuals attending the summer over the next two days

637
00:31:53,000 --> 00:31:55,600
Speaker 2: is that New Zealand is open for business. He's going

638
00:31:55,680 --> 00:31:58,120
Speaker 2: to touch on the Overseas Investment Act changes that they've

639
00:31:58,200 --> 00:32:01,200
Speaker 2: made fast track. He's going to talk about the Foreign

640
00:32:01,280 --> 00:32:04,200
Speaker 2: Investment Fund changes, which we're talking about later on in

641
00:32:04,240 --> 00:32:07,840
Speaker 2: the show. Invest in z Remember they've set up that

642
00:32:07,960 --> 00:32:10,680
Speaker 2: vehicle for chrying to encourage investment into New Zealand, the

643
00:32:10,760 --> 00:32:14,040
Speaker 2: banking sector. Shape up all of those and getting infation down.

644
00:32:14,360 --> 00:32:17,680
Speaker 2: All of those things make us a destination that's right

645
00:32:17,800 --> 00:32:21,160
Speaker 2: for your investment. So hopefully they're listening. It is four

646
00:32:21,240 --> 00:32:24,600
Speaker 2: minutes away from five ran Bridge. After five, we're going,

647
00:32:24,680 --> 00:32:26,600
Speaker 2: of course, going to talk about Russia and what they

648
00:32:26,720 --> 00:32:30,880
Speaker 2: want potentially from a ceasefire. Ukraine and America have agreed

649
00:32:30,920 --> 00:32:33,640
Speaker 2: to one. But my favorite story of the day, just

650
00:32:33,680 --> 00:32:36,360
Speaker 2: because it's a pet interest of mine, is the council

651
00:32:36,480 --> 00:32:40,600
Speaker 2: scrappins for your food waste. It just bugs me that

652
00:32:40,720 --> 00:32:42,760
Speaker 2: you have to pay for it. You've got no option.

653
00:32:43,560 --> 00:32:46,600
Speaker 2: It's eighty dollars per year. If you're a pension on

654
00:32:46,640 --> 00:32:48,880
Speaker 2: a fixed income, that's a lot of money. If you're

655
00:32:48,880 --> 00:32:51,120
Speaker 2: a pension on a fixed income who does his or

656
00:32:51,200 --> 00:32:53,840
Speaker 2: her own composting, at the moment, you still have to

657
00:32:53,920 --> 00:32:56,920
Speaker 2: pay for it. How is that fair? Anyway? Hoangan Nui

658
00:32:57,000 --> 00:33:00,240
Speaker 2: has done a good thing. We'll talk about that after five.

659
00:33:00,360 --> 00:33:01,080
Speaker 2: News talks at be.

660
00:33:16,200 --> 00:33:30,000
Speaker 1: Hell Questions, answers, facts, analysis, the drive show you trust

661
00:33:30,160 --> 00:33:33,440
Speaker 1: for the full picture. Brian Bridge on Heather Duplicy allan

662
00:33:33,560 --> 00:33:37,280
Speaker 1: drive with one New Zealand let's get connected news talks.

663
00:33:37,280 --> 00:33:39,959
Speaker 2: They'd be good evening seven after five So the ballers

664
00:33:40,000 --> 00:33:42,680
Speaker 2: and Russia's caught this evening on the ceasefire deal. The

665
00:33:42,800 --> 00:33:45,080
Speaker 2: US has managed to get Ukraine to the table. They've

666
00:33:45,120 --> 00:33:49,440
Speaker 2: agreed to thirty days of no fighting. Then hopefully they

667
00:33:49,520 --> 00:33:52,240
Speaker 2: can start to have talks about actually ending the war.

668
00:33:52,360 --> 00:33:54,720
Speaker 2: This all goes to the Kremlin before it goes anywhere else.

669
00:33:55,160 --> 00:33:59,160
Speaker 2: Alexei Moravrev is with Curtain University. He's the associate professor

670
00:33:59,240 --> 00:34:01,680
Speaker 2: of National Secure the in Strategic Studies is with me.

671
00:34:02,040 --> 00:34:05,760
Speaker 2: Good evening, good afternoon, and good evening to you. Thank

672
00:34:05,800 --> 00:34:08,640
Speaker 2: you for being with us. Do you think Russia will

673
00:34:09,480 --> 00:34:11,879
Speaker 2: like this deal? Will? But will they like and take

674
00:34:12,120 --> 00:34:13,959
Speaker 2: the terms for a thirty day seis fine?

675
00:34:15,320 --> 00:34:17,960
Speaker 20: Well I don't think they do. They will and and

676
00:34:18,440 --> 00:34:21,840
Speaker 20: this is what they were trying to manifest over and

677
00:34:21,960 --> 00:34:24,080
Speaker 20: over and over a suddain period of time, and a

678
00:34:24,200 --> 00:34:26,920
Speaker 20: number of forums saying they're not interested in the temporary

679
00:34:26,960 --> 00:34:30,880
Speaker 20: seist fire that may provide the Ukrainians an advantage in

680
00:34:31,040 --> 00:34:36,040
Speaker 20: terms of recovering, regrouping, regenerating their strength and then obviously

681
00:34:36,200 --> 00:34:40,759
Speaker 20: regaining their will to fight on uh. The Russians are

682
00:34:40,800 --> 00:34:46,440
Speaker 20: currently moving the advancing. They made significant progress in liberating

683
00:34:46,520 --> 00:34:50,400
Speaker 20: the course cregion and emphasizing on the word liberation. Obviously,

684
00:34:50,440 --> 00:34:54,040
Speaker 20: it's different from what the Russians are doing in in Ukraine,

685
00:34:55,160 --> 00:34:59,200
Speaker 20: and in this sense, the Russians come into these talks

686
00:34:59,239 --> 00:35:02,120
Speaker 20: from the position strength because one of the I mean,

687
00:35:02,200 --> 00:35:04,400
Speaker 20: the problem that we have in trying to understand this

688
00:35:04,520 --> 00:35:07,640
Speaker 20: whole rapid change concern in the conflict is we have

689
00:35:07,760 --> 00:35:10,880
Speaker 20: been subjected to certain types of narratives over the past

690
00:35:11,520 --> 00:35:14,399
Speaker 20: three years, and certainly one of the narratives that we're

691
00:35:14,920 --> 00:35:19,120
Speaker 20: trying to battle ourselves against is the fact that this

692
00:35:19,320 --> 00:35:22,719
Speaker 20: is an unwinnable war and the Russians don't really see

693
00:35:22,760 --> 00:35:25,480
Speaker 20: that this is an unwiennable war. Yes, they're making very

694
00:35:25,560 --> 00:35:31,040
Speaker 20: slow progress, but they're grabbing territory, their inflicking damage on

695
00:35:31,120 --> 00:35:33,880
Speaker 20: the military and that's why they have no interest in

696
00:35:34,000 --> 00:35:34,480
Speaker 20: stopping it.

697
00:35:34,680 --> 00:35:37,920
Speaker 2: So you think, Alexi, that the Russian people genuinely believe

698
00:35:37,920 --> 00:35:39,480
Speaker 2: even though Potin said this is going to be a

699
00:35:39,520 --> 00:35:41,520
Speaker 2: couple of weeks of a war, here we are three

700
00:35:41,600 --> 00:35:44,360
Speaker 2: years later. They genuinely believe that they can actually win it.

701
00:35:44,600 --> 00:35:47,200
Speaker 2: And what does winning mean? Does that mean actually taking

702
00:35:47,320 --> 00:35:48,560
Speaker 2: over all of Ukraine?

703
00:35:49,800 --> 00:35:52,120
Speaker 20: See this is where it also gets very interesting. We

704
00:35:52,480 --> 00:35:55,200
Speaker 20: continue to run with this narrative that for some reason,

705
00:35:55,680 --> 00:35:58,359
Speaker 20: the Russians won the whole of Ukraine. It was never

706
00:35:58,480 --> 00:36:03,040
Speaker 20: stated in any of of Russia's official communications or declarations

707
00:36:03,120 --> 00:36:05,680
Speaker 20: than they want the whole of Ukraine. They want Ukraine

708
00:36:05,719 --> 00:36:08,640
Speaker 20: as a buffer. That's certainly the endgame in terms of

709
00:36:08,760 --> 00:36:12,400
Speaker 20: answering you. And that doesn't mean that Russia wants to

710
00:36:12,560 --> 00:36:14,600
Speaker 20: control the whole of the country, which I don't think

711
00:36:14,680 --> 00:36:16,040
Speaker 20: they want or can do.

712
00:36:16,400 --> 00:36:18,880
Speaker 2: They just want some space. They want some space between

713
00:36:18,920 --> 00:36:20,759
Speaker 2: them and your space, and they.

714
00:36:20,680 --> 00:36:25,000
Speaker 20: Want buffer, and they want buffer between themselves and Nita.

715
00:36:25,320 --> 00:36:29,040
Speaker 20: And to answer your question about Russia's will to fight, initially,

716
00:36:29,160 --> 00:36:31,640
Speaker 20: yes they were. They were kind of very slow and

717
00:36:31,719 --> 00:36:35,280
Speaker 20: they didn't expect that it would be such a prolonged conflict.

718
00:36:35,560 --> 00:36:39,920
Speaker 20: But the Kremlin managed to weaponize their minds and militarize them.

719
00:36:39,960 --> 00:36:43,040
Speaker 20: So the Russians are currently feeling like they don't want

720
00:36:43,120 --> 00:36:46,000
Speaker 20: to stop. I think the greatest disappointment for them if

721
00:36:46,040 --> 00:36:48,560
Speaker 20: they would be given orders to hold their assault, and

722
00:36:48,680 --> 00:36:51,839
Speaker 20: that may actually cause more a backlash for Putting than

723
00:36:51,920 --> 00:36:53,320
Speaker 20: having some sort of negotiation.

724
00:36:53,400 --> 00:36:55,320
Speaker 2: And LEXI very quickly because we are really tight on

725
00:36:55,400 --> 00:36:57,880
Speaker 2: time here, but just just to give us an idea,

726
00:36:58,600 --> 00:37:02,719
Speaker 2: what would it take for Russia to go through the ceasefire?

727
00:37:04,440 --> 00:37:06,960
Speaker 20: If the United States would bring on the table some

728
00:37:07,160 --> 00:37:10,800
Speaker 20: significant concessions to the Russians, whether it's lifting of sanctions

729
00:37:10,960 --> 00:37:15,040
Speaker 20: or some sanctions or something else, then Putin would be

730
00:37:15,080 --> 00:37:17,640
Speaker 20: able to go back to his people and sell the idea.

731
00:37:18,160 --> 00:37:20,120
Speaker 20: If it's going to be just, you know, show a

732
00:37:20,239 --> 00:37:23,200
Speaker 20: case of goodwill, well, I think Putin would actually be

733
00:37:23,719 --> 00:37:26,280
Speaker 20: damaging his own reputation in the eyes of the people

734
00:37:26,360 --> 00:37:29,080
Speaker 20: he was trying to sell this war to, including the

735
00:37:29,160 --> 00:37:32,800
Speaker 20: fact that Russia will fight until the end, until victory.

736
00:37:32,920 --> 00:37:36,200
Speaker 20: So without some sort of compromise on the US side,

737
00:37:36,280 --> 00:37:38,080
Speaker 20: I don't think it's going to be visible.

738
00:37:38,239 --> 00:37:41,440
Speaker 2: Alex I really appreciate your time. That's Alexei Moraviev. He's

739
00:37:41,520 --> 00:37:45,480
Speaker 2: with Kurtin University Associate Professor of National Security and Strategic Studies,

740
00:37:45,520 --> 00:37:49,040
Speaker 2: saying basically patient needs something from the Americans to get

741
00:37:49,080 --> 00:37:51,520
Speaker 2: the ceasefire across the across the line living.

742
00:37:51,360 --> 00:37:53,000
Speaker 5: After five Bryan Bridge.

743
00:37:53,080 --> 00:37:55,760
Speaker 2: The unions in the opposition not happy with the government's

744
00:37:55,880 --> 00:37:59,640
Speaker 2: new rules for contracting companies that procure US work to

745
00:38:00,320 --> 00:38:02,960
Speaker 2: Companies will no longer have to pay the living wage

746
00:38:03,239 --> 00:38:06,680
Speaker 2: for cleaning, catering and security guard services, amongst a raft

747
00:38:06,719 --> 00:38:09,520
Speaker 2: of other changes that was announced this morning. Richard wagg

748
00:38:09,600 --> 00:38:13,440
Speaker 2: starts with the Council of Trade Unions. Good evening, Good evening, right,

749
00:38:13,800 --> 00:38:16,279
Speaker 2: So what is it? I mean, obviously you guys are

750
00:38:16,400 --> 00:38:19,640
Speaker 2: for the living wage, but some companies, it's argued they're

751
00:38:19,680 --> 00:38:21,880
Speaker 2: too small to pay it, so shouldn't they get a

752
00:38:22,000 --> 00:38:24,120
Speaker 2: bite of the government procurement pie too.

753
00:38:25,760 --> 00:38:27,839
Speaker 18: Well, this is a huge part. As you know, it's

754
00:38:28,360 --> 00:38:32,680
Speaker 18: a billion ent every year of procure excuss. Well, this

755
00:38:32,760 --> 00:38:35,280
Speaker 18: is the something is a people on cleaning, catering and security.

756
00:38:36,080 --> 00:38:38,279
Speaker 18: When they put an a tender for business they have

757
00:38:38,400 --> 00:38:40,759
Speaker 18: to pay. They didn't have to pay a living wage.

758
00:38:40,880 --> 00:38:42,200
Speaker 18: Now the game don't have to pay them.

759
00:38:43,000 --> 00:38:45,799
Speaker 2: Richard. I'm so sorry to interrupt you, but your line

760
00:38:45,880 --> 00:38:48,200
Speaker 2: is terrible. Would you mind moving for us slightly?

761
00:38:48,680 --> 00:38:50,520
Speaker 18: Oh, I'm in a pretty good place, I think, but

762
00:38:50,600 --> 00:38:54,320
Speaker 18: I would probably How does that sound? I mean, I

763
00:38:54,400 --> 00:38:56,120
Speaker 18: are a normal place here. How does that sound?

764
00:38:57,080 --> 00:38:57,480
Speaker 21: Do you know what?

765
00:38:57,600 --> 00:38:58,920
Speaker 2: We might come back to you in just a second,

766
00:38:58,960 --> 00:39:01,759
Speaker 2: I think, Richard the line, and we will return to you.

767
00:39:01,920 --> 00:39:04,320
Speaker 2: Caller twelve minutes after five on news talks. He'd be

768
00:39:04,760 --> 00:39:08,520
Speaker 2: interestingly also today to do with the Oval office, Trump

769
00:39:09,360 --> 00:39:12,960
Speaker 2: has obviously spoke the horses and spooke not just the

770
00:39:13,080 --> 00:39:15,600
Speaker 2: horses and the paddock, but the horses in his own stable.

771
00:39:15,880 --> 00:39:19,120
Speaker 2: This is a report from the Wall Street Journal. Business leaders,

772
00:39:19,719 --> 00:39:22,840
Speaker 2: his own advisors are freaking out about how much the

773
00:39:22,960 --> 00:39:25,560
Speaker 2: markets are freaking out about what he's doing with the tariffs,

774
00:39:26,000 --> 00:39:28,640
Speaker 2: and they're all picking up the phone and ringing capital Hell.

775
00:39:28,719 --> 00:39:34,120
Speaker 2: They're all recalling their Republican lawmakers. Hey mate, I bankrolled

776
00:39:34,160 --> 00:39:37,400
Speaker 2: your election. What the hell is going on at the

777
00:39:37,440 --> 00:39:40,440
Speaker 2: White House right now? It's chaos. The tariffs are on

778
00:39:40,560 --> 00:39:43,120
Speaker 2: and off. You know, there's a last minute carve out

779
00:39:43,120 --> 00:39:45,320
Speaker 2: to the auto industry because they've been on the blower.

780
00:39:45,800 --> 00:39:49,960
Speaker 2: So it's all a little bit confusing for the markets,

781
00:39:50,200 --> 00:39:52,120
Speaker 2: as you can see, and the results of the last

782
00:39:52,200 --> 00:39:54,840
Speaker 2: couple of days, but also a bit confusing for the

783
00:39:55,000 --> 00:39:58,280
Speaker 2: business leaders and for the donors that got Trump into power.

784
00:39:58,880 --> 00:40:01,239
Speaker 2: Thirteen minutes after five five. We'll be back in just

785
00:40:01,280 --> 00:40:04,880
Speaker 2: a moment with Richard wegstaff. Now, this would have to

786
00:40:04,960 --> 00:40:07,360
Speaker 2: be one of the bargain buy Rose deals of the

787
00:40:07,440 --> 00:40:10,680
Speaker 2: year so far, and it's available exclusively online at the

788
00:40:10,760 --> 00:40:13,759
Speaker 2: Good Wine Cot. Now you'll have to be quick. They've

789
00:40:13,800 --> 00:40:15,520
Speaker 2: been selling the deal for the last week or so,

790
00:40:15,680 --> 00:40:18,160
Speaker 2: offering it to their database person. It's just been flying

791
00:40:18,200 --> 00:40:21,359
Speaker 2: out the door. The wine is called Yellen's Reserve Mulbra Rose.

792
00:40:21,600 --> 00:40:24,080
Speaker 2: This is twenty twenty three. The long and the short

793
00:40:24,120 --> 00:40:26,680
Speaker 2: of it is that the winery has deleted this wine

794
00:40:26,680 --> 00:40:29,919
Speaker 2: from their portfolio and offered a one off sharp price

795
00:40:30,000 --> 00:40:31,959
Speaker 2: to clear the last of the stocks. And they didn't

796
00:40:31,960 --> 00:40:34,160
Speaker 2: mark around on the price. Remember this is their reserve

797
00:40:34,440 --> 00:40:37,160
Speaker 2: label Rose and it's up for grabs at ten ninety

798
00:40:37,239 --> 00:40:40,919
Speaker 2: nine per bottle, a pale, pink and deliciously dry rose

799
00:40:41,160 --> 00:40:43,719
Speaker 2: for ten ninety nine per bottle, and if you order now,

800
00:40:43,880 --> 00:40:46,400
Speaker 2: you'll pay just one dollar per case delivery to your

801
00:40:46,440 --> 00:40:49,879
Speaker 2: door anywhere in New Zealand, conditions apply. Honestly, this will

802
00:40:50,040 --> 00:40:53,040
Speaker 2: likely sell out tonight, so you'll need to act fast.

803
00:40:53,239 --> 00:40:56,399
Speaker 2: Order online right now at the Goodwine dot co dot

804
00:40:56,600 --> 00:40:59,680
Speaker 2: Nz or call eight hundred double six to two double

805
00:40:59,719 --> 00:41:03,640
Speaker 2: six too. Bred Shane Jones on the show after six tonight,

806
00:41:03,760 --> 00:41:07,120
Speaker 2: he's fired up about gas right now. Seventeen after five,

807
00:41:07,239 --> 00:41:11,840
Speaker 2: the government's procurement rules companies no longer have to consider

808
00:41:12,160 --> 00:41:16,000
Speaker 2: the living wage for cleaning, catering and security guard services.

809
00:41:16,080 --> 00:41:19,360
Speaker 2: This is upset the CTU. Richard Wagg starts back with us. Richard,

810
00:41:19,400 --> 00:41:22,319
Speaker 2: welcome back, Thank you, Ryan, good to be back now.

811
00:41:22,360 --> 00:41:26,120
Speaker 2: The argument is some small businesses companies can't afford to

812
00:41:26,160 --> 00:41:28,440
Speaker 2: pay the living wage, so why should they miss out

813
00:41:28,480 --> 00:41:29,520
Speaker 2: on government contracts?

814
00:41:30,600 --> 00:41:32,439
Speaker 6: Yeah, I don't think that makes a lot of sense.

815
00:41:32,480 --> 00:41:35,279
Speaker 6: You see, what it is basically as a standard, and

816
00:41:35,560 --> 00:41:39,040
Speaker 6: everyone bidding for government contracts has to just basically meet

817
00:41:39,239 --> 00:41:42,320
Speaker 6: the same standard. So whatever the wage minimums are, or

818
00:41:42,480 --> 00:41:45,759
Speaker 6: indeed any other minimums, everyone has to has to meet them.

819
00:41:45,840 --> 00:41:48,920
Speaker 6: So there's no disadvantage to small, medium, or large businesses.

820
00:41:48,960 --> 00:41:51,600
Speaker 6: They're all on the same playing thought. What this does, though,

821
00:41:51,840 --> 00:41:56,040
Speaker 6: is basically enable all of those providers, you know, contractors too,

822
00:41:56,120 --> 00:41:59,760
Speaker 6: basically bid on minimum wages. And this is without standards

823
00:42:00,080 --> 00:42:01,120
Speaker 6: it or drive wages down.

824
00:42:01,360 --> 00:42:04,520
Speaker 2: But the thing is that the standard, the legal standard,

825
00:42:04,640 --> 00:42:07,680
Speaker 2: is the minimum wage, not the living wage. Right, So

826
00:42:08,520 --> 00:42:12,320
Speaker 2: now there are perfectly legitimate businesses out there paying the

827
00:42:12,520 --> 00:42:16,840
Speaker 2: minimum wage who at the moment can't get government contracts.

828
00:42:18,400 --> 00:42:20,719
Speaker 6: But as I said to you, when they go for

829
00:42:20,880 --> 00:42:22,960
Speaker 6: government contracts, they need to pay the same rates as

830
00:42:23,000 --> 00:42:25,400
Speaker 6: everybody else. They shouldn't be able to undercut them.

831
00:42:25,480 --> 00:42:26,280
Speaker 18: And that's the problem.

832
00:42:26,440 --> 00:42:28,680
Speaker 6: But when these when these tenders, when the things go

833
00:42:28,760 --> 00:42:30,719
Speaker 6: to tender, what we'll see is that the wage rates

834
00:42:30,760 --> 00:42:33,680
Speaker 6: for cleaners, for caterers, for security services will all drop

835
00:42:33,760 --> 00:42:35,320
Speaker 6: because of the competitive tendering process.

836
00:42:36,040 --> 00:42:39,680
Speaker 2: Governments. Not every company can afford to pay the living wage.

837
00:42:39,800 --> 00:42:42,919
Speaker 2: They don't. They're set up like that. Smaller businesses can't

838
00:42:42,920 --> 00:42:45,640
Speaker 2: afford to do that. You'll end up with large companies

839
00:42:45,719 --> 00:42:47,280
Speaker 2: taking all the government contracts.

840
00:42:48,120 --> 00:42:50,239
Speaker 6: I don't think that's necessarily the case. I think small

841
00:42:50,239 --> 00:42:53,480
Speaker 6: businesses can be competitive. But basically what you're saying is

842
00:42:53,520 --> 00:42:56,120
Speaker 6: that they by allowing them to drop their wages, so

843
00:42:56,239 --> 00:42:58,920
Speaker 6: will larger businesses drop their wages. To everybody will drop

844
00:42:59,000 --> 00:43:01,880
Speaker 6: their wages. The only winners will be you know, whoever's

845
00:43:01,880 --> 00:43:03,880
Speaker 6: paying for the overall cost. But it certainly won't be

846
00:43:03,920 --> 00:43:06,120
Speaker 6: the workers. The workers will be the losers in that program,

847
00:43:06,520 --> 00:43:08,520
Speaker 6: so exactly the same as the bus drivers. And that's

848
00:43:08,560 --> 00:43:10,759
Speaker 6: why we wanted to have fair pay agreements. Every time

849
00:43:10,840 --> 00:43:15,320
Speaker 6: councils put out bus services for tender, everyone who tended

850
00:43:15,360 --> 00:43:17,919
Speaker 6: on the minimum wage except the companies that had proper

851
00:43:17,960 --> 00:43:20,160
Speaker 6: agreements with their stuff, and they couldn't win tenders because

852
00:43:20,280 --> 00:43:22,680
Speaker 6: they were stuck on higher wages. And that's the problem.

853
00:43:22,760 --> 00:43:25,040
Speaker 6: You keep driving wages and conditions down with tendering.

854
00:43:25,239 --> 00:43:28,360
Speaker 2: Richard, appreciate your time this evening, Richard Wagstaff, the Council

855
00:43:28,400 --> 00:43:31,359
Speaker 2: of Trade Union's president. Time is nineteen minutes after five.

856
00:43:31,680 --> 00:43:33,960
Speaker 2: Ryan Bred Now I have an announcement, a very exciting

857
00:43:34,000 --> 00:43:37,080
Speaker 2: announcement for you this evening. I'm moving to Huanganui. Do

858
00:43:37,160 --> 00:43:39,240
Speaker 2: you know why it's all to do with their bins?

859
00:43:39,920 --> 00:43:43,080
Speaker 2: Living in Auckland, you're supposed to separate your food scraps

860
00:43:43,200 --> 00:43:46,480
Speaker 2: from the general trash then put them in a separate bin.

861
00:43:47,200 --> 00:43:49,120
Speaker 2: And who can be bothered with that? The answer is

862
00:43:49,640 --> 00:43:53,360
Speaker 2: not many, if any, well not Inhanganui district, where the

863
00:43:53,440 --> 00:43:56,799
Speaker 2: council has just canceled plans to introduce food scrap bins

864
00:43:56,840 --> 00:44:01,120
Speaker 2: because they're expensive and unpopular, who would have thought. Unfortunately

865
00:44:01,239 --> 00:44:05,279
Speaker 2: for them, they've already purchased nineteen thousand bins, so they

866
00:44:05,320 --> 00:44:07,520
Speaker 2: are going to have to throw the bins in the bin.

867
00:44:08,320 --> 00:44:10,800
Speaker 2: Now in Auckland, Hamilton and Totong and a bunch of

868
00:44:10,840 --> 00:44:13,400
Speaker 2: other councils around the country, they're still doing this. Of course.

869
00:44:13,600 --> 00:44:18,120
Speaker 2: Tanya Herman is Hamilton City Council's Operate and Maintain Unit

870
00:44:18,320 --> 00:44:22,160
Speaker 2: director and she's with me this evening. Hi Tanya, Hi.

871
00:44:22,239 --> 00:44:23,239
Speaker 22: Ryan, how are you good?

872
00:44:23,320 --> 00:44:25,640
Speaker 2: Thank you? So you guys have got is this? What

873
00:44:25,760 --> 00:44:28,759
Speaker 2: do people paying their rates in Hamilton for this?

874
00:44:30,000 --> 00:44:34,520
Speaker 22: So our general rubbish is rated differently, so it's part

875
00:44:34,560 --> 00:44:36,440
Speaker 22: of our general rates, so we don't have its targeted.

876
00:44:36,800 --> 00:44:39,080
Speaker 22: So we budget thirty three dollars per in in per

877
00:44:39,239 --> 00:44:40,920
Speaker 22: household for our food scrap service.

878
00:44:41,320 --> 00:44:44,319
Speaker 2: Right, and how many households use the food scrap bin.

879
00:44:45,160 --> 00:44:47,800
Speaker 22: We've got about sixty three thousand households and we have

880
00:44:48,440 --> 00:44:51,240
Speaker 22: about forty percent of our households to use the bin regularly.

881
00:44:51,600 --> 00:44:54,080
Speaker 2: And does all do all of the households have to

882
00:44:54,160 --> 00:44:56,319
Speaker 2: pay the thirty three dollars even if they don't use

883
00:44:56,400 --> 00:44:56,680
Speaker 2: the bin.

884
00:44:57,680 --> 00:45:00,720
Speaker 22: Yes, that's correct, because it's all part of our suite

885
00:45:00,760 --> 00:45:02,520
Speaker 22: of services for rubbishing recycling.

886
00:45:02,800 --> 00:45:04,720
Speaker 2: But is that fear if you're not using the suite?

887
00:45:05,920 --> 00:45:08,440
Speaker 22: Well, it's an option to give to our households. What

888
00:45:08,520 --> 00:45:10,880
Speaker 22: we're aiming to do is reduce rubbish going to.

889
00:45:10,960 --> 00:45:14,279
Speaker 2: Lengthal but option implies, sorry, Tana, just to stop you.

890
00:45:14,360 --> 00:45:16,880
Speaker 2: But option implies that you have the option to say no,

891
00:45:17,160 --> 00:45:17,879
Speaker 2: which they don't.

892
00:45:18,719 --> 00:45:20,759
Speaker 22: They don't know because it's part of our general rate,

893
00:45:20,880 --> 00:45:23,120
Speaker 22: and that rate covers a whole raft of our rubbishing

894
00:45:23,200 --> 00:45:26,680
Speaker 22: recycling services. That it's not broken down like a targeted

895
00:45:26,800 --> 00:45:29,320
Speaker 22: rate where you can opt in or opt out of

896
00:45:29,400 --> 00:45:31,759
Speaker 22: a targeted rate. This is a general rate, so it

897
00:45:31,880 --> 00:45:34,920
Speaker 22: covers the whole range of services available for rubbishing recycling.

898
00:45:35,239 --> 00:45:38,480
Speaker 2: Okay, fair enough, all right, So since you brought this in,

899
00:45:38,560 --> 00:45:41,080
Speaker 2: because the whole idea is that it'll reduce carbon emissions

900
00:45:41,080 --> 00:45:44,279
Speaker 2: from landfills, So since this has been brought in, what

901
00:45:44,440 --> 00:45:47,239
Speaker 2: has the reduction being in carbon emissions from landfills?

902
00:45:48,360 --> 00:45:50,960
Speaker 22: So it's hard to quantify exactly how much that is,

903
00:45:51,160 --> 00:45:53,320
Speaker 22: but as an example, what we do know is that

904
00:45:53,440 --> 00:45:57,080
Speaker 22: we're debuting four hundred tons of food scraps per month

905
00:45:57,440 --> 00:46:00,319
Speaker 22: and that Hemilton normally from going to landfolds, so does

906
00:46:00,440 --> 00:46:02,120
Speaker 22: in itself will have a positive impact.

907
00:46:02,400 --> 00:46:05,120
Speaker 2: But you must measure the carbon emissions that are coming

908
00:46:05,200 --> 00:46:08,160
Speaker 2: from landfills. Surely have they gone up or down?

909
00:46:09,239 --> 00:46:12,359
Speaker 22: We do, and as a region we do. It's hard

910
00:46:12,440 --> 00:46:16,520
Speaker 22: to calculate it specifically on food scraps alone because there's

911
00:46:16,560 --> 00:46:19,600
Speaker 22: a number of factors that have to be taken into

912
00:46:19,680 --> 00:46:22,759
Speaker 22: play in that calculation. But like I said, by having

913
00:46:22,800 --> 00:46:26,640
Speaker 22: four hundred tonnels of food scraps being diverted from landfill,

914
00:46:26,680 --> 00:46:29,279
Speaker 22: which creates methane, if it goes to landfill, that's having

915
00:46:29,320 --> 00:46:31,160
Speaker 22: an impact or will be having an impact.

916
00:46:31,320 --> 00:46:34,080
Speaker 2: But surely you would know. I mean, okay, here's a question.

917
00:46:34,160 --> 00:46:37,200
Speaker 2: Regardless of what's happening with the food scraps, has carbon

918
00:46:37,239 --> 00:46:42,120
Speaker 2: emissions from landfills increased or decreased since you made this change?

919
00:46:43,840 --> 00:46:48,640
Speaker 22: It's our landfall specifically goes to Hampton down, so it's

920
00:46:48,800 --> 00:46:53,320
Speaker 22: calculated across the Auckland and why Cuttle regions. So the

921
00:46:53,440 --> 00:46:56,200
Speaker 22: emissions are so that we are starting to see a

922
00:46:56,320 --> 00:46:59,719
Speaker 22: decrease across the board as a specific to Hamilton, I

923
00:46:59,719 --> 00:47:01,920
Speaker 22: don't I couldn't give you those exact figures.

924
00:47:02,920 --> 00:47:05,040
Speaker 2: All right, interesting, Tanna, Thank you very much.

925
00:47:05,120 --> 00:47:05,279
Speaker 23: For that.

926
00:47:05,760 --> 00:47:07,600
Speaker 2: Keep up the good work. I'm sure there'll be people

927
00:47:07,640 --> 00:47:10,239
Speaker 2: who won't agree, but that's that's the life of being

928
00:47:10,320 --> 00:47:12,880
Speaker 2: in council, isn't it. Tarnier Herman, who was the Hamilton

929
00:47:12,960 --> 00:47:16,920
Speaker 2: City Council Operate and Maintain Unit director here on the

930
00:47:16,960 --> 00:47:19,600
Speaker 2: show this afternoon. The problem I have with it is

931
00:47:19,640 --> 00:47:22,640
Speaker 2: that if you're a pension on a fixed income, that

932
00:47:22,840 --> 00:47:24,840
Speaker 2: is a lot of money to you. In Auckland. I

933
00:47:24,840 --> 00:47:27,960
Speaker 2: think it's eighty dollars per year. That is, you know,

934
00:47:28,120 --> 00:47:30,799
Speaker 2: that's five six seven bucks a week. It's a lot

935
00:47:30,840 --> 00:47:33,880
Speaker 2: of money. And if you're already somebody who composts in

936
00:47:33,960 --> 00:47:36,799
Speaker 2: your own backyard, you can't opt out of it, which

937
00:47:36,880 --> 00:47:39,799
Speaker 2: doesn't seem very fair to me. Twenty three minutes half

938
00:47:39,880 --> 00:47:41,200
Speaker 2: for five News Talks Hebb.

939
00:47:41,800 --> 00:47:45,480
Speaker 1: Moving the big stories of the day forward. It's Ryan

940
00:47:45,560 --> 00:47:48,799
Speaker 1: Bridge on Heather Duper see Ellen Drive with One New

941
00:47:48,920 --> 00:47:51,520
Speaker 1: Zealand Let's Get Connected News.

942
00:47:51,360 --> 00:47:54,000
Speaker 2: Talks B five twenty six on News Talk said, be

943
00:47:54,320 --> 00:47:56,959
Speaker 2: sometimes you just have to sit back and think, Wow,

944
00:47:57,800 --> 00:48:03,280
Speaker 2: what an incredible man made miracle that's happened in Sydney

945
00:48:03,640 --> 00:48:07,720
Speaker 2: in Australia. Over the last couple of months, I've spoken

946
00:48:07,719 --> 00:48:11,040
Speaker 2: about this story before, as many of the news have,

947
00:48:11,880 --> 00:48:16,160
Speaker 2: but a titanium heart was inserted into the chest of

948
00:48:16,320 --> 00:48:18,840
Speaker 2: a man in his forties. He doesn't want to be

949
00:48:18,960 --> 00:48:22,960
Speaker 2: named over in Australia. So he had heart failure. He

950
00:48:23,200 --> 00:48:28,520
Speaker 2: was going to die, that was a certainty. He needed

951
00:48:28,560 --> 00:48:32,360
Speaker 2: a heart transplant. They didn't have the heart to transplant

952
00:48:32,440 --> 00:48:36,960
Speaker 2: into him. So in the meantime, scientists and doctors and

953
00:48:37,040 --> 00:48:39,760
Speaker 2: medical professionals over the last twenty years have been working

954
00:48:39,880 --> 00:48:44,719
Speaker 2: to perfect this titanium heart, a levitating titanium heart, and

955
00:48:44,800 --> 00:48:49,040
Speaker 2: they managed to put this artificial heart into the man

956
00:48:50,239 --> 00:48:54,520
Speaker 2: and he lasted on this artificial heart long enough for

957
00:48:54,680 --> 00:48:57,520
Speaker 2: the heart transplant to take place, which it did earlier

958
00:48:57,600 --> 00:49:01,200
Speaker 2: this month, and it's just been made public over in Australia.

959
00:49:01,880 --> 00:49:05,160
Speaker 2: The design of this titanium heart was originally done by

960
00:49:05,360 --> 00:49:08,920
Speaker 2: young Queenslander twenty years ago. Daniel Tims is his name.

961
00:49:09,719 --> 00:49:13,560
Speaker 2: He invented it and what an incredible story. The man

962
00:49:13,680 --> 00:49:16,960
Speaker 2: apparently could not feel the heart inside of his chest,

963
00:49:17,160 --> 00:49:20,439
Speaker 2: the artificial heart inside of his chest. He was able

964
00:49:20,520 --> 00:49:22,759
Speaker 2: to walk down the street. He got an uber home

965
00:49:22,800 --> 00:49:27,240
Speaker 2: from the hospital. He went shopping in the month before

966
00:49:27,400 --> 00:49:32,719
Speaker 2: he received his donated heart what an incredible achievement. He

967
00:49:32,880 --> 00:49:37,560
Speaker 2: basically survived from November to February with a fake heart,

968
00:49:38,360 --> 00:49:42,560
Speaker 2: or really with no heart, with no real heart, and

969
00:49:42,760 --> 00:49:46,080
Speaker 2: now he has a transplant and he is alive to

970
00:49:46,160 --> 00:49:50,040
Speaker 2: tell the story to his kids. Twenty eight minutes after five,

971
00:49:50,320 --> 00:49:53,520
Speaker 2: Bryan Bridge, Now we're going to go to Australia after

972
00:49:53,600 --> 00:49:58,560
Speaker 2: the News because despite Turnbulls, well, Turnbull's been poking the

973
00:49:58,640 --> 00:50:03,080
Speaker 2: bear over in the Oval office in Washington and the

974
00:50:03,120 --> 00:50:06,080
Speaker 2: bear is bitten back. There's no exemption for the Aussies.

975
00:50:06,360 --> 00:50:09,600
Speaker 2: So we've got a political strategist, Bruce Hawker on the

976
00:50:09,680 --> 00:50:23,080
Speaker 2: program right after news, recamping.

977
00:50:17,560 --> 00:50:21,960
Speaker 1: The day's big news and making tomorrow's headlines. It's Ryan

978
00:50:22,040 --> 00:50:25,239
Speaker 1: Bridge on Heather du for see Ellen Drive with one

979
00:50:25,360 --> 00:50:28,320
Speaker 1: New Zealand let's get connected News talks.

980
00:50:28,360 --> 00:50:34,240
Speaker 13: That'd be I just love be Sohungle and Martin Sarbib

981
00:50:34,480 --> 00:50:39,080
Speaker 13: Songle and Brown Ram Martin, You're just like Maviv game.

982
00:50:39,360 --> 00:50:41,560
Speaker 2: Twenty four minutes away from six News Talks, he'd be.

983
00:50:41,719 --> 00:50:44,759
Speaker 2: Shane Jones is very excited today. He's a happy boy

984
00:50:44,880 --> 00:50:48,319
Speaker 2: because he's been in Taranaki at the opening of a well.

985
00:50:48,400 --> 00:50:52,080
Speaker 2: It's an existing gas field, but they are doing some

986
00:50:52,239 --> 00:50:54,719
Speaker 2: more drilling, getting some more gas out of it, Squeezing

987
00:50:54,840 --> 00:50:57,719
Speaker 2: some more gas out of the poor Hookuda gas field.

988
00:50:58,120 --> 00:51:00,239
Speaker 2: It's fascinating how it works as well. His going to

989
00:51:00,280 --> 00:51:03,280
Speaker 2: explain it to us, But basically this is an offshore field,

990
00:51:03,840 --> 00:51:07,960
Speaker 2: but they access it from the onshore. They drill down

991
00:51:08,360 --> 00:51:11,799
Speaker 2: three kilometers and then across under the ocean for eight

992
00:51:11,920 --> 00:51:14,440
Speaker 2: kilometers and to actually tap into the field and get

993
00:51:14,520 --> 00:51:17,399
Speaker 2: the gas out. Fascinating stuff. He's with us after six

994
00:51:18,920 --> 00:51:22,320
Speaker 2: twenty three or way two now, the Ossie PM, Anthony Alberonizi,

995
00:51:22,400 --> 00:51:25,400
Speaker 2: he's head out at Donald Trump. This after the US

996
00:51:25,719 --> 00:51:28,840
Speaker 2: declined today to make an exception on tarifs for Ossie

997
00:51:28,880 --> 00:51:30,000
Speaker 2: steel in aluminium.

998
00:51:30,400 --> 00:51:35,440
Speaker 23: Such a decision, Ya, the Trump administration is entirely unjustified.

999
00:51:36,520 --> 00:51:39,880
Speaker 23: This is against the spirit of our two nations enduring

1000
00:51:40,000 --> 00:51:44,920
Speaker 23: friendship and fundamentally at odds with the benefits that our

1001
00:51:45,000 --> 00:51:49,520
Speaker 23: economic partnership has delivered over more than seventy years.

1002
00:51:50,160 --> 00:51:52,680
Speaker 2: And here is Trump's spokeswoman Carolyn Levitt.

1003
00:51:52,840 --> 00:51:56,560
Speaker 24: The President is unweavering in his commitment to restore American

1004
00:51:56,680 --> 00:51:58,520
Speaker 24: manufacturing and global dominance.

1005
00:52:00,000 --> 00:52:03,160
Speaker 2: Australian political strategist Bruce Walker is with me tonight, Bruce,

1006
00:52:03,200 --> 00:52:06,840
Speaker 2: good evening. You know, Ryan, how are you good? Thank you?

1007
00:52:07,040 --> 00:52:09,880
Speaker 2: Any surprises on your side of the testment to this.

1008
00:52:10,880 --> 00:52:13,080
Speaker 25: Look, I don't think so. Really, I think people were

1009
00:52:13,120 --> 00:52:15,680
Speaker 25: preparing for the worst. There didn't really seem to be

1010
00:52:15,760 --> 00:52:19,080
Speaker 25: any indication that President Trump was going to give any

1011
00:52:19,239 --> 00:52:25,080
Speaker 25: exemption for any countries. Obviously the government was hopeful and

1012
00:52:25,640 --> 00:52:28,960
Speaker 25: they had a lot of representations being made, but at

1013
00:52:29,000 --> 00:52:33,080
Speaker 25: the end of the day, the tariff program that Trump's

1014
00:52:33,080 --> 00:52:35,279
Speaker 25: putting in place is going to apply to Australia as well.

1015
00:52:35,960 --> 00:52:38,200
Speaker 2: Do you reckon Turnbull had anything to do with this?

1016
00:52:39,360 --> 00:52:39,520
Speaker 18: Well?

1017
00:52:39,680 --> 00:52:40,560
Speaker 2: I wondered about that.

1018
00:52:40,880 --> 00:52:43,560
Speaker 25: I mean, it was unfortunate that those comments were made

1019
00:52:43,560 --> 00:52:47,880
Speaker 25: at the time, and Trump is such a unique character

1020
00:52:47,960 --> 00:52:50,759
Speaker 25: when it comes to personalizing his responses and the way

1021
00:52:50,840 --> 00:52:54,200
Speaker 25: in which he plays his politics. It's not beyond doubt

1022
00:52:54,960 --> 00:52:56,480
Speaker 25: that that could have been the case.

1023
00:52:56,600 --> 00:52:57,439
Speaker 18: But who knows.

1024
00:52:58,040 --> 00:53:01,640
Speaker 2: How's it playing domestically. I know Albanese is also saying

1025
00:53:01,640 --> 00:53:04,040
Speaker 2: they're not going to hit back with any counter teriffs.

1026
00:53:04,400 --> 00:53:07,879
Speaker 2: I mean, do people want strength from their AUSSI PM

1027
00:53:07,960 --> 00:53:09,680
Speaker 2: at the moment to stand up against Trump? Or was

1028
00:53:09,719 --> 00:53:11,720
Speaker 2: everybody happy to be but more softly softly.

1029
00:53:12,640 --> 00:53:15,120
Speaker 25: Well, I think they've seen what's happened in places like Canada,

1030
00:53:15,239 --> 00:53:19,759
Speaker 25: where the response by the Canadians in putting tariffs on

1031
00:53:19,920 --> 00:53:23,239
Speaker 25: the America led to doubling of the tariffs on the Canadians.

1032
00:53:23,480 --> 00:53:28,319
Speaker 25: So I think the similar sanguine view in Australia as well.

1033
00:53:29,040 --> 00:53:30,920
Speaker 25: Maybe we just got to ride this one out for

1034
00:53:31,000 --> 00:53:33,080
Speaker 25: a while. It's clear that there are going to be

1035
00:53:33,239 --> 00:53:37,520
Speaker 25: very significant impacts on America with their tariff policy and

1036
00:53:37,840 --> 00:53:41,319
Speaker 25: causing inflation and having effects on their stock market right now.

1037
00:53:41,440 --> 00:53:44,799
Speaker 25: So who knows what Trump's next move or move down

1038
00:53:45,280 --> 00:53:46,960
Speaker 25: the street you know a few months is going to be.

1039
00:53:47,560 --> 00:53:50,640
Speaker 25: So I think that probably most Australians would be saying, look,

1040
00:53:50,719 --> 00:53:54,520
Speaker 25: let's let this thing ride. It's not good. It's an

1041
00:53:54,600 --> 00:53:57,680
Speaker 25: act of bassardry, I guess I would think by some

1042
00:53:57,960 --> 00:54:00,800
Speaker 25: by a country that's been very only and loyal to

1043
00:54:00,880 --> 00:54:05,120
Speaker 25: Australia as it has been to New Zealand largely. But

1044
00:54:05,560 --> 00:54:09,520
Speaker 25: we live in these very strange times. The opposition obviously

1045
00:54:09,600 --> 00:54:11,239
Speaker 25: has come out and said that more should have been

1046
00:54:11,320 --> 00:54:14,680
Speaker 25: done and so forth, so it's running down pretty predictable lines.

1047
00:54:14,719 --> 00:54:18,000
Speaker 25: So I suspect that most people would think let's just

1048
00:54:18,080 --> 00:54:23,680
Speaker 25: wait and see how this event unfold in the coming months.

1049
00:54:24,760 --> 00:54:26,920
Speaker 2: Bruce, thank you very much for that. Bruce Walker, Australian

1050
00:54:26,920 --> 00:54:29,920
Speaker 2: political strategist with US. It's interesting to note, and I

1051
00:54:30,000 --> 00:54:32,439
Speaker 2: supposed to put it in some context, the US only

1052
00:54:32,560 --> 00:54:37,000
Speaker 2: takes zero point two percent of Australia's still and aluminium.

1053
00:54:37,080 --> 00:54:40,800
Speaker 1: It is twenty six the Huddle with New Zealand Southeby's

1054
00:54:40,880 --> 00:54:43,279
Speaker 1: International Realty find you are one of a kind.

1055
00:54:45,320 --> 00:54:47,879
Speaker 2: Jack Tame, host of Saturday mornings here on News Talks.

1056
00:54:47,880 --> 00:54:50,040
Speaker 2: He'd be and Q and A on TV one as

1057
00:54:50,040 --> 00:54:52,840
Speaker 2: with us. Hey Jack, Hey, right, good have you on?

1058
00:54:52,960 --> 00:54:55,880
Speaker 2: And David Pharaoh's with Us Curier Poster and Kiwi Blog.

1059
00:54:56,000 --> 00:55:01,640
Speaker 2: Hey David, Now let's start with the Russia situation, well,

1060
00:55:01,880 --> 00:55:06,239
Speaker 2: the Ukraine Russia situation. We had an expert from Curtain

1061
00:55:06,360 --> 00:55:10,080
Speaker 2: University on Sathanon. He reckoned David that the Russians are

1062
00:55:10,120 --> 00:55:13,160
Speaker 2: going to need some kind of give from the Americans

1063
00:55:13,239 --> 00:55:16,640
Speaker 2: before they'll sign a ceasefire for thirty days. I mean

1064
00:55:16,680 --> 00:55:17,840
Speaker 2: that seems pretty reasonable.

1065
00:55:20,040 --> 00:55:23,880
Speaker 11: Look, I think after thirty day CEASEPA will happen because

1066
00:55:24,680 --> 00:55:27,680
Speaker 11: that doesn't strategically weaken Russia.

1067
00:55:27,760 --> 00:55:30,279
Speaker 3: In fact, it's probably helpful to them.

1068
00:55:30,320 --> 00:55:32,279
Speaker 5: It gives some time to resupply, get.

1069
00:55:32,239 --> 00:55:36,320
Speaker 11: Supply routes through, So thirty days CEASEPA will probably happen,

1070
00:55:36,880 --> 00:55:41,600
Speaker 11: But much much, much harder is the permanent SEASEPA, because

1071
00:55:42,560 --> 00:55:46,880
Speaker 11: the one thing that Ukraine needs is the security guarantee,

1072
00:55:48,600 --> 00:55:51,720
Speaker 11: and it's the one thing Russia is dead see against,

1073
00:55:51,800 --> 00:55:54,239
Speaker 11: because then they wouldn't be able to just resume the

1074
00:55:54,320 --> 00:55:55,279
Speaker 11: war in a few years.

1075
00:55:55,520 --> 00:55:59,200
Speaker 2: Sign. Yeah, and that's where this whole backstop in. Europe's

1076
00:55:59,239 --> 00:56:01,960
Speaker 2: trying to step up, and there's a meeting in Paris

1077
00:56:02,040 --> 00:56:04,760
Speaker 2: tonight to try and create some coalition of the willing

1078
00:56:04,880 --> 00:56:06,399
Speaker 2: jack Yeah.

1079
00:56:06,719 --> 00:56:09,799
Speaker 26: Yeah, Well, I mean I think I think Europe will

1080
00:56:09,840 --> 00:56:14,120
Speaker 26: have to coalesce in a way that perhaps they couldn't

1081
00:56:14,120 --> 00:56:16,960
Speaker 26: have imagined the European leaders couldn't have imagined just six

1082
00:56:17,080 --> 00:56:18,880
Speaker 26: months ago, and perhaps in a way that has been

1083
00:56:18,920 --> 00:56:21,680
Speaker 26: overdue for some time. But I think David's assessment is

1084
00:56:22,160 --> 00:56:24,680
Speaker 26: quite right. I think the thirty day cease fire at

1085
00:56:24,760 --> 00:56:30,040
Speaker 26: least seems like maybe slightly more likely than not at

1086
00:56:30,080 --> 00:56:32,400
Speaker 26: the moment. I mean, we've seen the kind of behavior

1087
00:56:32,440 --> 00:56:34,800
Speaker 26: from both sides that you would usually expect before a

1088
00:56:34,840 --> 00:56:37,920
Speaker 26: cease fire, which is to say they're both launched withering

1089
00:56:38,000 --> 00:56:42,520
Speaker 26: attacks on each other. But it's curious, right because so far,

1090
00:56:42,680 --> 00:56:46,759
Speaker 26: at least under the Trump administration, that the Vladimir Putin

1091
00:56:46,760 --> 00:56:48,960
Speaker 26: and the Russians haven't had to give much, right, They've

1092
00:56:49,000 --> 00:56:51,000
Speaker 26: kind of been observers and all of this so far,

1093
00:56:51,080 --> 00:56:53,399
Speaker 26: they haven't to give anything. Really, all of the priest

1094
00:56:53,440 --> 00:56:55,520
Speaker 26: has been on Zelenski. And in a way, I suppose

1095
00:56:55,560 --> 00:56:59,120
Speaker 26: the Ukrainians have called the Russian bluff. But David's quite right,

1096
00:57:00,040 --> 00:57:02,520
Speaker 26: da cease fire is by no means a commitment to

1097
00:57:02,640 --> 00:57:04,520
Speaker 26: end the conflict right now, and I'm sure that the

1098
00:57:04,600 --> 00:57:09,200
Speaker 26: Russians will be using that time to entrench their position

1099
00:57:09,320 --> 00:57:13,000
Speaker 26: even further, if not strength in it. And yeah, yeah,

1100
00:57:13,600 --> 00:57:15,880
Speaker 26: the real question comes down to whether or not the

1101
00:57:16,000 --> 00:57:18,880
Speaker 26: Ukrainians can expect any sort of security guarantee. I think

1102
00:57:18,920 --> 00:57:21,600
Speaker 26: it's inevitable that Russia is going to be keeping large

1103
00:57:21,640 --> 00:57:24,600
Speaker 26: swaths of territory, But it's whether or not a lot

1104
00:57:24,640 --> 00:57:27,400
Speaker 26: of Messolinski can get anything out of this negotiation that

1105
00:57:27,520 --> 00:57:29,800
Speaker 26: will make Ukrainians feel safe for going forward.

1106
00:57:29,960 --> 00:57:30,120
Speaker 18: Yeah.

1107
00:57:30,320 --> 00:57:32,880
Speaker 2: It is funny, though, isn't it, David? Would we be

1108
00:57:33,120 --> 00:57:36,520
Speaker 2: sitting here talking about even the potential of a thirty

1109
00:57:36,600 --> 00:57:41,640
Speaker 2: day ceasefire. If Biden was still in office, we.

1110
00:57:41,760 --> 00:57:42,680
Speaker 5: Probably wouldn't be.

1111
00:57:43,000 --> 00:57:48,240
Speaker 11: But YEA, getching a stop to the war is easy

1112
00:57:48,320 --> 00:57:54,960
Speaker 11: if one side surrenders, you know, stopping the war's easy.

1113
00:57:55,160 --> 00:57:59,360
Speaker 11: Stopping a war with the right outcome is much harder.

1114
00:58:00,080 --> 00:58:02,640
Speaker 26: Yeah, And Perma guess the question is would we be

1115
00:58:02,760 --> 00:58:07,560
Speaker 26: sitting here imagining a future where Ukraine had zero security

1116
00:58:07,680 --> 00:58:10,520
Speaker 26: guarantees and the war was coming to an end? I

1117
00:58:10,600 --> 00:58:12,400
Speaker 26: guess that's the other way to flip around that question.

1118
00:58:12,600 --> 00:58:15,120
Speaker 26: And perhaps we would have seen the ceasefire. I suspect

1119
00:58:15,160 --> 00:58:17,280
Speaker 26: it would have taken a whole lot longer. And there'll

1120
00:58:17,280 --> 00:58:19,960
Speaker 26: be people who think that Trump's quite right and hastening

1121
00:58:20,040 --> 00:58:22,720
Speaker 26: the process. But I suppose it all depends on the outcome.

1122
00:58:22,760 --> 00:58:24,560
Speaker 26: And if the long term outcome is one that makes

1123
00:58:24,680 --> 00:58:29,400
Speaker 26: Ukraine less secure, less safe, potentially less democratic, then there'll

1124
00:58:29,400 --> 00:58:31,160
Speaker 26: be many who argue that actually we shouldn't be.

1125
00:58:31,200 --> 00:58:33,960
Speaker 2: Ending the conflict. And on top of that, you've got

1126
00:58:34,360 --> 00:58:36,800
Speaker 2: this issue that you've got the US on one side

1127
00:58:36,840 --> 00:58:39,400
Speaker 2: and now seemingly Europe on the other. And while the

1128
00:58:39,560 --> 00:58:42,040
Speaker 2: US might get people to agree to things wild Europe,

1129
00:58:42,160 --> 00:58:45,320
Speaker 2: you know, so it's very complicated. Jack Tame, host of

1130
00:58:45,360 --> 00:58:47,760
Speaker 2: Saturday Mornings on Q and a David Farrah, Curia poster

1131
00:58:47,840 --> 00:58:50,480
Speaker 2: and Kivi blogger with us. It's quarder to six. We're

1132
00:58:50,560 --> 00:58:52,360
Speaker 2: back with the Huddle in just a second.

1133
00:58:53,440 --> 00:58:57,040
Speaker 1: The Huddle with New Zealand Southeby's International Realty, the ones

1134
00:58:57,080 --> 00:58:58,800
Speaker 1: with local and global.

1135
00:58:58,480 --> 00:59:01,959
Speaker 2: Reach, thee on News Talks. Jack tam and David Farrell

1136
00:59:02,000 --> 00:59:04,480
Speaker 2: with me for the huddle tonight. Now, this investment summit

1137
00:59:04,680 --> 00:59:07,240
Speaker 2: is well, it should be getting on the way very shortly.

1138
00:59:07,280 --> 00:59:09,800
Speaker 2: Actually the Prime Minister is going to speak today, tomorrow

1139
00:59:10,160 --> 00:59:14,160
Speaker 2: and Friday. Jack, what does what does success look like?

1140
00:59:14,640 --> 00:59:14,680
Speaker 13: Or?

1141
00:59:15,320 --> 00:59:17,640
Speaker 2: Yeah, how do you even measure success for something like this?

1142
00:59:17,920 --> 00:59:20,080
Speaker 2: Or is it just the fact that it's happening that's

1143
00:59:20,200 --> 00:59:20,680
Speaker 2: that's good.

1144
00:59:21,400 --> 00:59:25,040
Speaker 26: I mean, I think it certainly started off as a

1145
00:59:25,120 --> 00:59:27,960
Speaker 26: kind of symbolic exercise, right, and I suppose one of

1146
00:59:28,000 --> 00:59:31,720
Speaker 26: the measures will be how many projects and the PPP

1147
00:59:31,920 --> 00:59:34,480
Speaker 26: opportunities the government is actually able to put up that

1148
00:59:34,720 --> 00:59:39,480
Speaker 26: might you know, tangibly attract international investment. I mean, there's

1149
00:59:39,480 --> 00:59:41,160
Speaker 26: going to be a fair bit of rah rah about

1150
00:59:41,160 --> 00:59:41,560
Speaker 26: the whole.

1151
00:59:41,440 --> 00:59:42,440
Speaker 2: Thing, you know.

1152
00:59:42,720 --> 00:59:44,240
Speaker 26: I think it's going to be really interesting to see

1153
00:59:44,440 --> 00:59:48,920
Speaker 26: whether or not the Prime Minister and his cabinet make

1154
00:59:49,000 --> 00:59:52,000
Speaker 26: any comments about the previous government. I think I think

1155
00:59:52,400 --> 00:59:55,320
Speaker 26: it's in all New Zealander's interests to have a kind

1156
00:59:55,360 --> 00:59:57,640
Speaker 26: of bipartisan approach and and it's good to see that,

1157
00:59:58,040 --> 00:59:59,880
Speaker 26: you know, Barbara Evans and some laboring peace are going.

1158
00:59:59,840 --> 01:00:00,240
Speaker 3: To be there.

1159
01:00:00,280 --> 01:00:03,760
Speaker 26: But yeah, yeah, I suppose the real test comes from

1160
01:00:03,800 --> 01:00:06,480
Speaker 26: what projects they can can put up. And already Chris

1161
01:00:06,560 --> 01:00:08,160
Speaker 26: Bishop has kind of suggested.

1162
01:00:07,760 --> 01:00:08,640
Speaker 27: That this is a bit of a.

1163
01:00:10,200 --> 01:00:12,320
Speaker 26: You know, in a Movese boosh when it comes to

1164
01:00:12,480 --> 01:00:14,800
Speaker 26: attracting foreign investment. I don't think we're going to see

1165
01:00:14,840 --> 01:00:17,680
Speaker 26: trillions of dollars of projects put up tomorrow. But really

1166
01:00:17,760 --> 01:00:19,280
Speaker 26: this is an effort to signal to the world that

1167
01:00:19,360 --> 01:00:20,560
Speaker 26: New Zealand's are for business.

1168
01:00:20,760 --> 01:00:23,440
Speaker 2: Yeah, David, I'm interested to see because you know they've said, oh,

1169
01:00:23,520 --> 01:00:26,240
Speaker 2: this fund is coming, and that fund is coming. Actually

1170
01:00:26,360 --> 01:00:29,720
Speaker 2: how high up the food chain the people are representing

1171
01:00:29,800 --> 01:00:32,880
Speaker 2: those companies, Like are we getting day from accouncilor Susy

1172
01:00:32,960 --> 01:00:36,400
Speaker 2: from HR or just you know, any old Joe blogs

1173
01:00:36,440 --> 01:00:38,640
Speaker 2: who worked for their businesses coming, or are we getting

1174
01:00:38,640 --> 01:00:41,280
Speaker 2: the head on shows well day.

1175
01:00:41,160 --> 01:00:43,720
Speaker 11: Through accounts for some of these companies probably still has

1176
01:00:43,760 --> 01:00:44,520
Speaker 11: a fusty.

1177
01:00:44,240 --> 01:00:45,640
Speaker 3: Billion dollar budget.

1178
01:00:46,920 --> 01:00:52,720
Speaker 26: Day from accounts, actually makes the decisions, but lot success

1179
01:00:53,160 --> 01:00:53,880
Speaker 26: is hard to make it.

1180
01:00:53,920 --> 01:00:57,440
Speaker 11: There's two things, which is quality and quantity of who's

1181
01:00:57,480 --> 01:01:00,560
Speaker 11: turned up. The second one we won't know for two

1182
01:01:00,680 --> 01:01:03,520
Speaker 11: or three years, which is do we actually then see

1183
01:01:04,280 --> 01:01:08,280
Speaker 11: a significant increase in investment leading to more jobs, et cetera.

1184
01:01:09,160 --> 01:01:11,640
Speaker 11: The first one's easy to calculate, and we'll know that

1185
01:01:11,760 --> 01:01:15,520
Speaker 11: within a week. The second one, you know, is going

1186
01:01:15,640 --> 01:01:18,440
Speaker 11: to take more time and you're never going to know.

1187
01:01:18,720 --> 01:01:20,840
Speaker 11: Is this because of the investment summit, etc.

1188
01:01:21,640 --> 01:01:25,240
Speaker 2: Yeah? Hey, just finally, before we go the bin's issues

1189
01:01:25,320 --> 01:01:27,800
Speaker 2: read its head again. In huangan Nui, the council has

1190
01:01:27,840 --> 01:01:30,440
Speaker 2: decided to ditch their plans for a food scrap bin,

1191
01:01:30,720 --> 01:01:33,320
Speaker 2: even though they already brought nineteen thousand of them and

1192
01:01:33,560 --> 01:01:36,760
Speaker 2: apparently slap the council logo on the side. They're going

1193
01:01:36,800 --> 01:01:38,680
Speaker 2: to have to throw those in the bin now because

1194
01:01:38,880 --> 01:01:41,520
Speaker 2: they're just really unpopular. And also they add you know,

1195
01:01:41,640 --> 01:01:43,520
Speaker 2: to your rate spell, which is obviously not what people

1196
01:01:43,560 --> 01:01:46,240
Speaker 2: want at this time. Jack, are you are you at

1197
01:01:46,320 --> 01:01:47,920
Speaker 2: home composter?

1198
01:01:48,720 --> 01:01:51,440
Speaker 26: Do you know I'm an at home composter and I'm

1199
01:01:51,440 --> 01:01:55,760
Speaker 26: an at home worm Binner. But I'm also a user

1200
01:01:55,840 --> 01:01:58,200
Speaker 26: of the little green bins because you can't I can't

1201
01:01:58,240 --> 01:02:01,120
Speaker 26: put like meat and bread in my compost and my

1202
01:02:01,240 --> 01:02:03,280
Speaker 26: word bin and my wombin, so I put that in

1203
01:02:03,400 --> 01:02:06,120
Speaker 26: the green bin. And the one thing I actually really

1204
01:02:06,240 --> 01:02:10,280
Speaker 26: like about the green bins is I think having consistency

1205
01:02:10,400 --> 01:02:13,920
Speaker 26: nationwide about what you can throw out, recycle, put in

1206
01:02:14,040 --> 01:02:16,000
Speaker 26: food bins and stuff, I think that is really good.

1207
01:02:16,080 --> 01:02:18,640
Speaker 26: But yeah, if anyone's got a bright idea with what

1208
01:02:18,720 --> 01:02:22,840
Speaker 26: Wanganoi Distant Council can do with's nineteen thousand of these things,

1209
01:02:23,320 --> 01:02:23,960
Speaker 26: I'm sure.

1210
01:02:23,760 --> 01:02:27,040
Speaker 2: They're all is well in Auckland. I know because we

1211
01:02:27,120 --> 01:02:28,840
Speaker 2: did this on Telly a few years ago, where I

1212
01:02:28,880 --> 01:02:31,120
Speaker 2: think only forty percent of people use them in Auckland,

1213
01:02:31,560 --> 01:02:33,280
Speaker 2: And a lot of people are emailing and saying they're

1214
01:02:33,320 --> 01:02:36,320
Speaker 2: perfect for the kid's lego. So if you've got lego

1215
01:02:36,400 --> 01:02:39,840
Speaker 2: around the house or toys, yeah, it's a great one.

1216
01:02:40,000 --> 01:02:43,280
Speaker 26: That's a great suggestion. So that's a really good suggestion.

1217
01:02:43,400 --> 01:02:45,720
Speaker 2: Yeah, David, what about you? Are you like Jack? Are

1218
01:02:45,720 --> 01:02:46,480
Speaker 2: you a co poster?

1219
01:02:47,800 --> 01:02:50,280
Speaker 3: I used three when I lived on the Lifestyle Block, etc.

1220
01:02:50,800 --> 01:02:53,640
Speaker 11: But not at the moment, But Funnily enough, the more

1221
01:02:53,720 --> 01:02:56,120
Speaker 11: people the fact we already have so many people who

1222
01:02:56,280 --> 01:03:01,560
Speaker 11: already compose there is an argument against a varist curbside

1223
01:03:02,000 --> 01:03:06,320
Speaker 11: food scraps program because you've already got those who are

1224
01:03:06,360 --> 01:03:09,640
Speaker 11: motivated doing it. And there was research done by Ministry

1225
01:03:09,680 --> 01:03:12,360
Speaker 11: for the Environment on why more people where there are

1226
01:03:12,720 --> 01:03:15,320
Speaker 11: food scrap services don't use them, because only one in

1227
01:03:15,440 --> 01:03:18,000
Speaker 11: four use them on a regular basis. And the biggest

1228
01:03:18,040 --> 01:03:20,280
Speaker 11: thing is people just don't like the smell. They don't

1229
01:03:20,400 --> 01:03:23,560
Speaker 11: want smelly food scraps sitting around the house all week,

1230
01:03:24,080 --> 01:03:28,400
Speaker 11: and that's perfectly natural. So I think it was a

1231
01:03:28,480 --> 01:03:30,240
Speaker 11: dark policy, to be honest to start with.

1232
01:03:30,720 --> 01:03:31,520
Speaker 2: It's just a pussy.

1233
01:03:31,640 --> 01:03:32,680
Speaker 5: They waited until they.

1234
01:03:32,760 --> 01:03:36,040
Speaker 11: Ordered nineteen thousand months before they changed their mind.

1235
01:03:36,440 --> 01:03:39,760
Speaker 2: Cletainly is they're all now going in the bin themselves,

1236
01:03:39,800 --> 01:03:42,280
Speaker 2: of course. Thank you, Thank you guys. David Ferrer and

1237
01:03:42,440 --> 01:03:45,680
Speaker 2: Jack Tame on the Huddle tonight, eight minutes away from six.

1238
01:03:46,280 --> 01:03:50,040
Speaker 2: Don't forget We've got the Energy Resources Minister with Shane

1239
01:03:50,120 --> 01:03:52,400
Speaker 2: Jones here after the news at six o'clock.

1240
01:03:53,520 --> 01:03:56,960
Speaker 1: It's the Heather dupas Allen Drive Full Show podcast on

1241
01:03:57,200 --> 01:04:00,200
Speaker 1: My Radio, powered by News talksb.

1242
01:04:01,120 --> 01:04:03,360
Speaker 2: News talks b it is five minutes away from six

1243
01:04:03,480 --> 01:04:07,040
Speaker 2: Chane Jones after six, Ryan, I totally agree with Jack

1244
01:04:07,080 --> 01:04:10,240
Speaker 2: who was on the huddle before. Green bins are very

1245
01:04:10,320 --> 01:04:13,840
Speaker 2: successful in our total Is streets. I use composts, but

1246
01:04:13,960 --> 01:04:16,480
Speaker 2: all meat scraps go into the curb. This is from

1247
01:04:16,520 --> 01:04:19,200
Speaker 2: a pensioner, so that you go, Ryan, people should put

1248
01:04:19,240 --> 01:04:22,160
Speaker 2: their meat scraps in the freezer. That way, you are

1249
01:04:22,200 --> 01:04:24,600
Speaker 2: not going to stink out your rubbish or your compost.

1250
01:04:24,720 --> 01:04:27,360
Speaker 2: When you get enough, make a stock or put it

1251
01:04:27,560 --> 01:04:31,440
Speaker 2: on the rubbish collection date. Cheers Gary. Honestly, who has

1252
01:04:31,520 --> 01:04:33,840
Speaker 2: the time to be putting their scraps in a freezer?

1253
01:04:34,600 --> 01:04:37,840
Speaker 2: Is anyone? Is no one busy? What is everyone doing?

1254
01:04:38,320 --> 01:04:41,280
Speaker 2: I mean, I'm assuming that a lot of people are retired.

1255
01:04:41,720 --> 01:04:44,440
Speaker 2: My grandma's spends a lot of time sorting her bins,

1256
01:04:44,800 --> 01:04:47,560
Speaker 2: you know, but she's got time on her hands. Some

1257
01:04:47,760 --> 01:04:50,360
Speaker 2: of us don't. And I don't want to have to

1258
01:04:50,480 --> 01:04:53,480
Speaker 2: pay eighty dollars a year for a bin that I

1259
01:04:53,560 --> 01:04:55,320
Speaker 2: don't use. But you've got no choice.

1260
01:04:55,680 --> 01:04:57,200
Speaker 7: The boss won't be happy to hear that you're moving

1261
01:04:57,200 --> 01:04:58,240
Speaker 7: to one and Eli, Ryan.

1262
01:04:58,560 --> 01:05:01,040
Speaker 2: Well, I'm sure they can. There's got to be a

1263
01:05:01,080 --> 01:05:04,480
Speaker 2: studio on Ponganui. I would have thought, and it's a

1264
01:05:04,680 --> 01:05:07,840
Speaker 2: long way to move just to save eighty dollars a

1265
01:05:08,000 --> 01:05:09,960
Speaker 2: year or whatever it might be. I didn't even know

1266
01:05:10,040 --> 01:05:11,400
Speaker 2: what they were going to In fact, it was one

1267
01:05:11,480 --> 01:05:13,760
Speaker 2: and a half percent extra on their rates, a targeted

1268
01:05:13,800 --> 01:05:16,920
Speaker 2: rate in Poganui. And they're not going ahead with the bins.

1269
01:05:17,400 --> 01:05:20,760
Speaker 2: But it's interesting apparently that part of the reason that

1270
01:05:20,880 --> 01:05:22,480
Speaker 2: they were going to go ahead with it and to

1271
01:05:22,600 --> 01:05:25,800
Speaker 2: begin with, was that under the previous government they brought

1272
01:05:25,840 --> 01:05:29,160
Speaker 2: in a mandate that all councils had to come up

1273
01:05:29,200 --> 01:05:33,440
Speaker 2: to the standard, so all councils had to offer the recycling,

1274
01:05:33,560 --> 01:05:36,520
Speaker 2: the food scrap recycling. So that's why a lot of

1275
01:05:36,520 --> 01:05:39,000
Speaker 2: the councils are going ahead with it. Now the national

1276
01:05:39,040 --> 01:05:43,200
Speaker 2: government came in and reversed that, and therefore Poganui goes, well,

1277
01:05:43,240 --> 01:05:45,600
Speaker 2: do we actually need to introduce them? They'd already bought

1278
01:05:45,600 --> 01:05:47,280
Speaker 2: the bins, but do we actually need to introduce them?

1279
01:05:47,320 --> 01:05:50,600
Speaker 2: Had the meeting and bang no, they don't. There you go,

1280
01:05:51,320 --> 01:05:54,200
Speaker 2: we'll hear more from what's going on at this investment summit.

1281
01:05:54,360 --> 01:05:57,120
Speaker 2: After six o'clock. We'll also get a market wrap find

1282
01:05:57,160 --> 01:05:59,880
Speaker 2: out what's going on over in Wall Street with Milford

1283
01:06:00,560 --> 01:06:04,120
Speaker 2: and Shane Jones. He's been just like a pig in

1284
01:06:04,280 --> 01:06:09,280
Speaker 2: mud down in Tartanaki today visiting a gas field. He's next.

1285
01:06:32,520 --> 01:06:37,600
Speaker 1: Where Business meets inside the Business Hour with Ryan Bridge

1286
01:06:38,080 --> 01:06:41,360
Speaker 1: and Ma's Insurance and Investments, Grow Your.

1287
01:06:41,320 --> 01:06:44,480
Speaker 5: Wealth, Protect Your Future News Talks MB Good.

1288
01:06:44,360 --> 01:06:46,760
Speaker 2: Evening at a seven after six donative training on the

1289
01:06:46,800 --> 01:06:49,840
Speaker 2: IMF for fort Coming up in just a second. Milford's

1290
01:06:49,880 --> 01:06:52,520
Speaker 2: market update. We'll look at the tech stocks in particular

1291
01:06:52,680 --> 01:06:55,600
Speaker 2: that have taken quite a tumble and the investments Summitt

1292
01:06:55,600 --> 01:06:58,680
Speaker 2: plus Gavin Gray in the UK. All ahead right now,

1293
01:06:58,840 --> 01:07:03,040
Speaker 2: Shane Jones is celebrating a new natural gas well in Tartanaki.

1294
01:07:03,160 --> 01:07:06,200
Speaker 2: This is from an existing field, the poor hoor Kuda

1295
01:07:06,240 --> 01:07:10,800
Speaker 2: production well should deliver four petidules into New Zealand's energy

1296
01:07:10,840 --> 01:07:13,959
Speaker 2: grid each year. The Minister for Resources with me tonight,

1297
01:07:14,040 --> 01:07:19,160
Speaker 2: High Minister Georder, Greetings, folks, So you've been in Taranaki today.

1298
01:07:19,280 --> 01:07:21,640
Speaker 2: Can you just describe for us how they're getting at

1299
01:07:21,720 --> 01:07:23,400
Speaker 2: this gas because it's quite interesting.

1300
01:07:24,840 --> 01:07:29,320
Speaker 21: Yeah. The sitees called pajor Kuda, near the township of Whitepata,

1301
01:07:30,000 --> 01:07:33,320
Speaker 21: seven and a half kilometers both out and down into

1302
01:07:34,120 --> 01:07:39,160
Speaker 21: the bed of the sea, extracting from different cabinist areas

1303
01:07:39,920 --> 01:07:45,720
Speaker 21: usable gas. I today actually stood next to the seven

1304
01:07:45,800 --> 01:07:50,880
Speaker 21: and a half kilometers of coiled up steel pipe that

1305
01:07:51,040 --> 01:07:53,080
Speaker 21: has been used and it's exit.

1306
01:07:53,120 --> 01:07:55,960
Speaker 2: There's an offshore field, but you actually access it from

1307
01:07:56,000 --> 01:07:58,400
Speaker 2: on shore using this big rig.

1308
01:08:00,080 --> 01:08:03,640
Speaker 21: Yeah, so they had an infrastructure set up. The main

1309
01:08:03,800 --> 01:08:06,720
Speaker 21: rig was called Big Ben. Big Ben's done the deal.

1310
01:08:07,480 --> 01:08:09,960
Speaker 21: Big Ben's moved on, hopefully to a new site with

1311
01:08:10,520 --> 01:08:17,439
Speaker 21: even better prospects. The infrastructure links the onshore apparatus to

1312
01:08:18,040 --> 01:08:21,920
Speaker 21: seven and a half kilometers off the coastfine and down

1313
01:08:22,640 --> 01:08:26,440
Speaker 21: on a some of doubt diagonal course. Quite extraordinary engineering

1314
01:08:27,160 --> 01:08:32,519
Speaker 21: into pockets of gas that are feasible to extract, which.

1315
01:08:32,320 --> 01:08:34,320
Speaker 2: Is good and great. And this is an existing field

1316
01:08:34,360 --> 01:08:36,720
Speaker 2: we're getting, you know, we're sucking more out of it.

1317
01:08:37,320 --> 01:08:39,800
Speaker 2: But it's only four petiitoles that they're going to get right,

1318
01:08:39,960 --> 01:08:43,240
Speaker 2: and our production is down what more than twenty five percent?

1319
01:08:43,840 --> 01:08:45,439
Speaker 2: So is this going to make a difference.

1320
01:08:46,520 --> 01:08:52,679
Speaker 21: Well, there's about three hundred odd thousand households who rely

1321
01:08:52,920 --> 01:08:57,439
Speaker 21: on gas. One hundred and forty six thousand households would

1322
01:08:57,439 --> 01:09:03,440
Speaker 21: be serviced by the all meant to supply that omb

1323
01:09:03,880 --> 01:09:09,439
Speaker 21: announced today. So yes, it's not inordinately large, but if

1324
01:09:09,520 --> 01:09:11,400
Speaker 21: you live in one of those one hundred and forty

1325
01:09:11,479 --> 01:09:13,760
Speaker 21: six thousand households, it's not to be sneezed at.

1326
01:09:14,280 --> 01:09:16,720
Speaker 2: What about the companies that are turning gas off to

1327
01:09:16,880 --> 01:09:19,679
Speaker 2: households and saying no, we're not going to supply it anymore.

1328
01:09:21,280 --> 01:09:24,080
Speaker 21: Well, let's not hide from the fact. Ever since just

1329
01:09:24,280 --> 01:09:28,479
Speaker 21: end the sort of can the order gas industry, it's

1330
01:09:28,560 --> 01:09:35,200
Speaker 21: had a very negative effect on the sentiment and gas industry,

1331
01:09:35,920 --> 01:09:39,680
Speaker 21: and we are in trying togorate, we invigorate that and

1332
01:09:39,800 --> 01:09:42,800
Speaker 21: turn it around. We see how gas works in New

1333
01:09:42,880 --> 01:09:46,640
Speaker 21: Zealand is we need one foundation major user and that

1334
01:09:46,880 --> 01:09:49,920
Speaker 21: major user is a Canadian company called Methodics, and they

1335
01:09:50,000 --> 01:09:52,800
Speaker 21: make methanol and they supply it to various spots around

1336
01:09:52,840 --> 01:09:56,679
Speaker 21: the world. And that's why the CEO was here recently

1337
01:09:57,400 --> 01:10:00,599
Speaker 21: ensuring that I am senior ministers and including the Prime

1338
01:10:00,680 --> 01:10:04,439
Speaker 21: Minister understand the gravity of the situation with the New

1339
01:10:04,520 --> 01:10:07,840
Speaker 21: Zealand gas industry, and he was testing what will the

1340
01:10:07,920 --> 01:10:12,320
Speaker 21: government do itself to de risk further exploration. So I'm

1341
01:10:12,360 --> 01:10:16,000
Speaker 21: working on various proposals as to how we can accelerate

1342
01:10:16,680 --> 01:10:21,599
Speaker 21: both money into the industry and genuine economic activity.

1343
01:10:21,920 --> 01:10:24,400
Speaker 2: The big hold up is what you do after that

1344
01:10:24,560 --> 01:10:25,720
Speaker 2: you've finished drilling.

1345
01:10:25,560 --> 01:10:29,760
Speaker 21: Right, Yeah, So there's a piece of legislation wending its

1346
01:10:29,800 --> 01:10:33,600
Speaker 21: way through parliament, and one of the testy pieces of

1347
01:10:33,720 --> 01:10:39,040
Speaker 21: the legislation is called decommissioning. I after the gas field

1348
01:10:39,160 --> 01:10:42,880
Speaker 21: is exhausted, what process do you take to remove the

1349
01:10:42,960 --> 01:10:47,080
Speaker 21: infrastructure that's the pipes and the various other parts of

1350
01:10:47,120 --> 01:10:49,960
Speaker 21: apparatus that have been sunk into the bed of the

1351
01:10:50,040 --> 01:10:52,639
Speaker 21: sea to take out this natural resources.

1352
01:10:52,680 --> 01:10:53,960
Speaker 2: And so who's holding that up?

1353
01:10:56,200 --> 01:11:00,160
Speaker 21: Well, you may or may not recall there was of

1354
01:11:00,280 --> 01:11:03,520
Speaker 21: crowd called tamar And who walked away from their decommissioning

1355
01:11:03,560 --> 01:11:06,960
Speaker 21: obligations four or five years ago. That left a bill

1356
01:11:07,000 --> 01:11:10,120
Speaker 21: of three or four hundred million in rough figures. So

1357
01:11:10,800 --> 01:11:13,760
Speaker 21: the industry, you want to make sure that the provisions

1358
01:11:13,800 --> 01:11:17,760
Speaker 21: in the statute don't disincentivize them from looking for more gass.

1359
01:11:17,760 --> 01:11:19,640
Speaker 21: At the same time, I've been saying to them, I

1360
01:11:19,760 --> 01:11:23,519
Speaker 21: don't want to undermine the Crown's balance sheet by leaving

1361
01:11:23,560 --> 01:11:25,400
Speaker 21: too much of a bill of things go wrong with

1362
01:11:25,560 --> 01:11:26,559
Speaker 21: the tax fairs.

1363
01:11:26,920 --> 01:11:30,719
Speaker 2: So this is not about a negotiation between coalition partners.

1364
01:11:30,800 --> 01:11:32,639
Speaker 2: This is basically between you and the industry.

1365
01:11:34,400 --> 01:11:34,559
Speaker 19: Yeah.

1366
01:11:34,640 --> 01:11:38,519
Speaker 21: Well, obviously I'm a proxy for our group of cabinet ministers,

1367
01:11:38,600 --> 01:11:44,519
Speaker 21: the entire chroka of three parties. We all campaigned hard

1368
01:11:44,600 --> 01:11:48,640
Speaker 21: to re establish gas as a firming contingency field, and

1369
01:11:48,760 --> 01:11:51,839
Speaker 21: I except there are other elements in the broader political

1370
01:11:51,880 --> 01:11:54,559
Speaker 21: community who don't believe gas or coal should be used,

1371
01:11:55,160 --> 01:11:57,960
Speaker 21: but they belong to the juvenile work tribe, so I

1372
01:11:58,040 --> 01:11:59,240
Speaker 21: have no time for their thinking.

1373
01:12:00,600 --> 01:12:03,320
Speaker 2: Still believe it. There, Thanks for your time, Shane Jones,

1374
01:12:03,320 --> 01:12:06,200
Speaker 2: who's the Minister for Resources with us tonight twelve minutes

1375
01:12:06,240 --> 01:12:10,200
Speaker 2: after six. Now, just on gas because obviously four peeda duels.

1376
01:12:10,240 --> 01:12:12,519
Speaker 2: When you're talking about production, I think this year is

1377
01:12:12,640 --> 01:12:15,800
Speaker 2: just over one hundred peta jewels, but it has been

1378
01:12:16,080 --> 01:12:18,719
Speaker 2: and regularly was around one hundred and eighty five peta

1379
01:12:18,760 --> 01:12:20,640
Speaker 2: jewels a year mark, so four peta jewls is kind

1380
01:12:20,640 --> 01:12:22,599
Speaker 2: of a drop in the ocean. But if you look

1381
01:12:22,640 --> 01:12:26,160
Speaker 2: at what the demand is going to be for gas

1382
01:12:26,240 --> 01:12:28,080
Speaker 2: going forward, I mean, it still makes up more than

1383
01:12:28,160 --> 01:12:30,360
Speaker 2: twenty percent of all the elect of all of the

1384
01:12:30,520 --> 01:12:32,400
Speaker 2: energy that we use in New Zealand right now, So

1385
01:12:32,479 --> 01:12:36,360
Speaker 2: it's not insignificant, but it is dwindling. Our production of

1386
01:12:36,439 --> 01:12:39,479
Speaker 2: it is dwindling. And we spoke to the Genesis boss,

1387
01:12:39,520 --> 01:12:42,080
Speaker 2: Malcolm John's about exactly this a couple of weeks ago

1388
01:12:42,240 --> 01:12:44,880
Speaker 2: and what do they do, particularly at Huntley when it

1389
01:12:44,960 --> 01:12:47,559
Speaker 2: comes to reliance on gas. Here's what he told us.

1390
01:12:47,680 --> 01:12:50,360
Speaker 27: We as a company have pivoted to move gas out

1391
01:12:50,360 --> 01:12:55,560
Speaker 27: of our generation, our baseload generation profile, simply because we

1392
01:12:56,000 --> 01:12:59,000
Speaker 27: don't see any new activity happening at the moment. So

1393
01:12:59,120 --> 01:13:01,800
Speaker 27: we've got no proof points to say that gas will

1394
01:13:01,880 --> 01:13:04,680
Speaker 27: be there in the future, and it's declining at a

1395
01:13:04,800 --> 01:13:05,880
Speaker 27: rapid rate at the moment.

1396
01:13:07,080 --> 01:13:10,439
Speaker 2: Yeah, interesting, isn't it. So the demand is the production

1397
01:13:10,680 --> 01:13:12,720
Speaker 2: is falling, but also the demand at least from some

1398
01:13:12,960 --> 01:13:16,280
Speaker 2: quarters of the economy is also falling. Just gone thirteen

1399
01:13:16,280 --> 01:13:16,920
Speaker 2: minutes after.

1400
01:13:16,840 --> 01:13:18,360
Speaker 5: Six Brian Bridge.

1401
01:13:19,120 --> 01:13:21,560
Speaker 2: We've had a lot of texts coming in about Huanganui

1402
01:13:21,680 --> 01:13:24,400
Speaker 2: and the bins there. It's been a very, very hot

1403
01:13:24,439 --> 01:13:27,000
Speaker 2: topic on the text machine this afternoon and I think

1404
01:13:27,080 --> 01:13:29,240
Speaker 2: this is a fair one to We'll get to the

1405
01:13:29,280 --> 01:13:32,400
Speaker 2: text from the Laura who's the executive producers, had a

1406
01:13:32,479 --> 01:13:36,360
Speaker 2: text from the MP. We'll get to that after the break.

1407
01:13:36,400 --> 01:13:39,840
Speaker 2: But this is one from Rob Vinson, who is a

1408
01:13:40,000 --> 01:13:44,720
Speaker 2: Whanganui District councilor, and he says, Wuanganui District Council have

1409
01:13:44,960 --> 01:13:48,560
Speaker 2: not got nineteen thousand food waste bins to dispose of.

1410
01:13:49,200 --> 01:13:52,840
Speaker 2: They haven't been delivered yet most won't be. There is

1411
01:13:52,920 --> 01:13:56,280
Speaker 2: a market for any that do become available to councils

1412
01:13:56,320 --> 01:13:58,880
Speaker 2: that have introduced the service, as they need around five

1413
01:13:58,960 --> 01:14:02,320
Speaker 2: to ten percent as each year. So basically what Rob

1414
01:14:02,560 --> 01:14:05,200
Speaker 2: is saying is, even though they've paid for the bins,

1415
01:14:05,240 --> 01:14:08,040
Speaker 2: they might not get all of them delivered, and the

1416
01:14:08,120 --> 01:14:10,080
Speaker 2: ones they do get delivered they hope to on sell

1417
01:14:10,160 --> 01:14:13,960
Speaker 2: to other councils. Well, good luck with that, Rob. I'm

1418
01:14:14,040 --> 01:14:17,360
Speaker 2: hoping that there is a high demand for these bins,

1419
01:14:17,439 --> 01:14:19,320
Speaker 2: but I fear that some of them may end the

1420
01:14:19,400 --> 01:14:22,599
Speaker 2: bins may end up in the bin. Fourteen minutes after six,

1421
01:14:22,720 --> 01:14:25,240
Speaker 2: Newstalk Zbach an Antip trainee on the IMF Report.

1422
01:14:25,320 --> 01:14:29,800
Speaker 1: Next it's the head dupas Allen Drive Full Show podcast

1423
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1424
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1425
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1428
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1437
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1439
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1443
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Speaker 5: Ryan Bridge, this is a quick text.

1444
01:15:35,080 --> 01:15:38,000
Speaker 2: At eighteen after six from Carl Bates NP four Hoangan

1445
01:15:38,040 --> 01:15:40,599
Speaker 2: Nui on the Bins issue. Please tell Ryan that if

1446
01:15:40,640 --> 01:15:42,759
Speaker 2: he wants to come and host the show from hoangan

1447
01:15:42,800 --> 01:15:45,360
Speaker 2: Nui for a couple of days, Mayor Andrew, and I

1448
01:15:45,479 --> 01:15:48,880
Speaker 2: would ensure he got to see why wangan Nui. The

1449
01:15:48,960 --> 01:15:50,720
Speaker 2: annoying thing about pong now is no one knows how

1450
01:15:50,760 --> 01:15:54,320
Speaker 2: to pronounce it anymore. So if you could fix that problem,

1451
01:15:54,600 --> 01:15:57,360
Speaker 2: you'd be halfway there anyway, he says Mayor Andrew, and

1452
01:15:57,400 --> 01:15:59,439
Speaker 2: I would ensure he got to see why pogan Nui

1453
01:15:59,600 --> 01:16:03,080
Speaker 2: is both a cost effective place but also the best

1454
01:16:03,120 --> 01:16:06,640
Speaker 2: place in New Zealand to live. That's fantastic. I can

1455
01:16:06,720 --> 01:16:10,639
Speaker 2: see that on a billboard. Quangan Nui simultaneously cost effective

1456
01:16:10,800 --> 01:16:14,479
Speaker 2: and the best nineteen after six, Ryan Bridge. Now, the

1457
01:16:14,520 --> 01:16:17,320
Speaker 2: International Monetary Fund, the IMF is today released its yearly

1458
01:16:17,439 --> 01:16:20,519
Speaker 2: report on the state of our economy, and it's not

1459
01:16:20,800 --> 01:16:24,680
Speaker 2: too keen on the government deregulating banks to spur more

1460
01:16:24,760 --> 01:16:27,719
Speaker 2: competition in the sector. Jane chip Trainee is the herold's

1461
01:16:27,720 --> 01:16:30,560
Speaker 2: Willington Business Editor. She's been breaking a looking into this

1462
01:16:30,720 --> 01:16:34,040
Speaker 2: for USA Good Evening. Hey, Ryan, so why are they

1463
01:16:34,160 --> 01:16:35,799
Speaker 2: worried about less regulation?

1464
01:16:37,040 --> 01:16:41,559
Speaker 28: Well, the IMF is basically just cautioning the government. It's saying, hey,

1465
01:16:41,880 --> 01:16:45,280
Speaker 28: make sure that these rules that the Reserve Bank puts

1466
01:16:45,360 --> 01:16:48,320
Speaker 28: in place that require banks to have strong balance sheets,

1467
01:16:49,000 --> 01:16:52,360
Speaker 28: make sure that those rules are actually focused on the

1468
01:16:52,479 --> 01:16:56,479
Speaker 28: main thing, which is maintaining financial stability, don't you know.

1469
01:16:57,320 --> 01:16:59,800
Speaker 28: It's not saying it quite so explicitly, but it's saying

1470
01:17:00,360 --> 01:17:03,839
Speaker 28: in the IMF was the primary objective of prudential regulation

1471
01:17:04,240 --> 01:17:09,280
Speaker 28: should be to safeguard financial stability. So it's making this warning.

1472
01:17:09,520 --> 01:17:13,080
Speaker 28: And the relevance of this is that Nikola Willis is

1473
01:17:13,160 --> 01:17:15,920
Speaker 28: looking at whether she should override the way the Reserve

1474
01:17:16,000 --> 01:17:20,360
Speaker 28: Bank regulates banks because she thinks that potentially, if some

1475
01:17:20,520 --> 01:17:23,439
Speaker 28: of these rules are watered down a bit, banks might

1476
01:17:23,560 --> 01:17:26,200
Speaker 28: leand more freely. Their interest rates might be a bit lower,

1477
01:17:26,640 --> 01:17:29,639
Speaker 28: and big and small banks might be able to compete

1478
01:17:30,360 --> 01:17:32,800
Speaker 28: more freely. So there's definitely a trade off here. On

1479
01:17:32,800 --> 01:17:34,720
Speaker 28: the one hand, you've got, you know, making sure the

1480
01:17:34,760 --> 01:17:37,160
Speaker 28: banks are super strong, they've got lots of capital. But

1481
01:17:37,600 --> 01:17:39,400
Speaker 28: you know, on the other hand, it's like, well, are

1482
01:17:39,439 --> 01:17:42,280
Speaker 28: we overdoing it? The IMF is saying, make sure that

1483
01:17:42,960 --> 01:17:45,799
Speaker 28: the main goal of the rules is actually to maintain

1484
01:17:45,880 --> 01:17:46,799
Speaker 28: financial stability.

1485
01:17:47,000 --> 01:17:49,760
Speaker 2: Yeah, especially but with a country like ours, where you know,

1486
01:17:49,840 --> 01:17:53,120
Speaker 2: we're an earthquake away from it all being over. It's

1487
01:17:53,120 --> 01:17:55,639
Speaker 2: funny you say they didn't say this explicitly. The IMF

1488
01:17:55,720 --> 01:17:59,880
Speaker 2: doesn't say anything explicitly this report. It's so hard to

1489
01:18:00,680 --> 01:18:04,160
Speaker 2: it's like you need a telescope, a dictionary in another language.

1490
01:18:04,560 --> 01:18:07,320
Speaker 28: Yeah, yeah, you know, it's like prudential regulation. You know,

1491
01:18:07,400 --> 01:18:09,479
Speaker 28: it's not that radio friendly.

1492
01:18:09,920 --> 01:18:13,200
Speaker 2: What else did the IMF have to say about the economy, Well.

1493
01:18:13,080 --> 01:18:17,240
Speaker 28: They also said that the Reserve Bank should be ready

1494
01:18:17,320 --> 01:18:20,080
Speaker 28: to use it has another you know, long word macro

1495
01:18:20,640 --> 01:18:24,320
Speaker 28: macro prudential tools. That's it should be ready to tighten

1496
01:18:24,439 --> 01:18:27,320
Speaker 28: those loan to value ratio restrictions and it's debt to

1497
01:18:27,360 --> 01:18:31,759
Speaker 28: income restrictions if low interest rates see the housing market

1498
01:18:31,920 --> 01:18:34,559
Speaker 28: take off, and see banks do lots of risky lending.

1499
01:18:35,040 --> 01:18:36,760
Speaker 28: So those are those rules that mean you need to

1500
01:18:36,800 --> 01:18:40,120
Speaker 28: have that you generally need a twenty percent deposit. If

1501
01:18:40,120 --> 01:18:43,439
Speaker 28: you're an owner occupier, then you need to have you know,

1502
01:18:43,640 --> 01:18:46,519
Speaker 28: enough income relative to the size of the loan that

1503
01:18:46,640 --> 01:18:48,320
Speaker 28: you want. There are those rules in place, and it's

1504
01:18:48,520 --> 01:18:51,679
Speaker 28: it's set a warning that actually the Reserve Bank should

1505
01:18:51,680 --> 01:18:54,360
Speaker 28: be ready to tighten those if necessary.

1506
01:18:54,800 --> 01:18:58,439
Speaker 2: Interesting, and now I noticed in that IMEF report they said, yeah,

1507
01:18:58,560 --> 01:19:00,880
Speaker 2: get your o CR backed to new In fact, they

1508
01:19:00,960 --> 01:19:03,360
Speaker 2: said three point twenty five percent by mid year. They reckon.

1509
01:19:03,760 --> 01:19:07,400
Speaker 2: But there's an economist warning that because Adrian Or has

1510
01:19:07,600 --> 01:19:11,160
Speaker 2: left the Reserve Bank that we might see a slightly

1511
01:19:11,320 --> 01:19:13,240
Speaker 2: higher track because of his departure.

1512
01:19:14,520 --> 01:19:16,639
Speaker 28: Yes, now this is where it gets interesting with these

1513
01:19:17,200 --> 01:19:21,080
Speaker 28: bank capital rules. Again, Adrian Or was a fierce defender

1514
01:19:21,120 --> 01:19:23,360
Speaker 28: of these rules, so they're still being phased and they'll

1515
01:19:23,360 --> 01:19:26,360
Speaker 28: be fully phased in by twenty twenty eight. If what

1516
01:19:26,520 --> 01:19:30,679
Speaker 28: the banks say is correct, then that mean interest rates

1517
01:19:31,520 --> 01:19:34,120
Speaker 28: will be higher because of these rules. So if banks

1518
01:19:34,160 --> 01:19:36,280
Speaker 28: need to hold more capital, that costs them, so they

1519
01:19:36,360 --> 01:19:40,360
Speaker 28: pass that cost onto us. But if Nichola Willis comes

1520
01:19:40,400 --> 01:19:43,439
Speaker 28: in and overrides the Reserve Bank or appoints a new

1521
01:19:43,520 --> 01:19:46,439
Speaker 28: governor that is happy to loosen the rules, then that

1522
01:19:46,600 --> 01:19:49,559
Speaker 28: means interest rates could be a bit lower. So that means,

1523
01:19:49,640 --> 01:19:52,840
Speaker 28: you know, banks might have charge us slightly less for

1524
01:19:52,840 --> 01:19:56,800
Speaker 28: our mortgages. If that happens, and this is now taking

1525
01:19:56,880 --> 01:20:00,880
Speaker 28: us five steps down the line. If that happens, interest

1526
01:20:00,920 --> 01:20:02,720
Speaker 28: rates might end up being a bit lower than what

1527
01:20:02,840 --> 01:20:06,519
Speaker 28: the Reserve Bank deems desirable to keep inflation and check.

1528
01:20:06,960 --> 01:20:08,920
Speaker 28: So then it might mean that it might need to

1529
01:20:09,200 --> 01:20:11,120
Speaker 28: lift the o CR a little bit more than might

1530
01:20:11,320 --> 01:20:14,200
Speaker 28: otherwise be the case. So I know I'm taking us

1531
01:20:14,360 --> 01:20:17,080
Speaker 28: like a million steps down the road here, but but

1532
01:20:17,560 --> 01:20:20,479
Speaker 28: this be and Z economists Stephen Topliss has said, well,

1533
01:20:20,560 --> 01:20:24,040
Speaker 28: if the if the capital rules are watered down, that

1534
01:20:24,280 --> 01:20:26,400
Speaker 28: might mean the o CR might need to be a

1535
01:20:26,439 --> 01:20:30,320
Speaker 28: little bit higher to prevent the mortgage rates that that

1536
01:20:30,439 --> 01:20:33,400
Speaker 28: banks charge from falling too low. You know, if they

1537
01:20:33,479 --> 01:20:35,800
Speaker 28: fall too low, that can stimulate the economy and that

1538
01:20:35,880 --> 01:20:38,160
Speaker 28: could be inflationary. So that could mean that the o

1539
01:20:38,280 --> 01:20:40,679
Speaker 28: CR needs to go up a bit. So I suppose

1540
01:20:40,760 --> 01:20:44,479
Speaker 28: the big takeaway here, it's all very complicated, but these

1541
01:20:44,560 --> 01:20:48,400
Speaker 28: capital rules are worth are worth a lot. You know,

1542
01:20:48,880 --> 01:20:53,000
Speaker 28: these the way that banks are regulated, you know, that

1543
01:20:53,080 --> 01:20:55,360
Speaker 28: has a really big impact through the economy. And I

1544
01:20:55,400 --> 01:20:58,519
Speaker 28: think the IMF is also warning we need we can't

1545
01:20:58,560 --> 01:21:00,880
Speaker 28: tinkle with these things willing. You know that there needs

1546
01:21:00,920 --> 01:21:05,680
Speaker 28: to be a pretty you know, a good effort to

1547
01:21:05,760 --> 01:21:08,240
Speaker 28: make sure they are well calibrated because the flow on

1548
01:21:08,280 --> 01:21:09,160
Speaker 28: effects are.

1549
01:21:09,120 --> 01:21:12,680
Speaker 2: Extensive, massive, and it's basically a battle between stability and

1550
01:21:13,040 --> 01:21:16,120
Speaker 2: I guess cost effectiveness too, isn't it. Janet, thank you

1551
01:21:16,240 --> 01:21:18,439
Speaker 2: very much for that. There's always genative training with US

1552
01:21:18,920 --> 01:21:22,400
Speaker 2: from the Herald. She's the Marlington Business editor. Twenty four

1553
01:21:22,439 --> 01:21:24,600
Speaker 2: minutes after six, we'll get a Milford updates on the

1554
01:21:24,680 --> 01:21:26,120
Speaker 2: market's next whether.

1555
01:21:25,960 --> 01:21:29,000
Speaker 5: It's macro, microbe or just playing economics.

1556
01:21:29,320 --> 01:21:32,519
Speaker 1: It's all on the business hours with Ryan Bridge and

1557
01:21:32,960 --> 01:21:34,840
Speaker 1: Mares Insurance and Investments.

1558
01:21:35,200 --> 01:21:37,800
Speaker 5: Grow your wealth, protect your future these dogs.

1559
01:21:38,640 --> 01:21:41,519
Speaker 2: Six twenty seven Stephanie Bachelor, Milford Asset Management with US.

1560
01:21:41,560 --> 01:21:45,160
Speaker 2: Tonight's Steph, Hello, Hi Ryan. Now there's been a big

1561
01:21:45,240 --> 01:21:47,320
Speaker 2: sell off in the US markets this week. Of course,

1562
01:21:47,560 --> 01:21:50,519
Speaker 2: we're getting close now to correction territory, which is ten

1563
01:21:50,560 --> 01:21:53,920
Speaker 2: percent off the peak. What's the latestier, Yeah.

1564
01:21:53,840 --> 01:21:56,439
Speaker 14: So the US market, the S and P five hundred

1565
01:21:56,479 --> 01:21:59,559
Speaker 14: index is down nine point three percent from its peak,

1566
01:21:59,640 --> 01:22:01,760
Speaker 14: so it is very close to that ten percent mark.

1567
01:22:02,400 --> 01:22:04,840
Speaker 14: And it's really due to invest a concern around a

1568
01:22:04,960 --> 01:22:09,120
Speaker 14: slowing in US economic growth. So as the Trump administration

1569
01:22:09,200 --> 01:22:12,040
Speaker 14: has settled in, they've announced a bunch of policies or

1570
01:22:12,160 --> 01:22:15,960
Speaker 14: potential policies that could dampen growth. These are things like

1571
01:22:16,080 --> 01:22:20,240
Speaker 14: trade tariffs and cuts to government spending. Over the weekend,

1572
01:22:20,280 --> 01:22:23,800
Speaker 14: Trump didn't rule out potential recession, so he said there's

1573
01:22:23,800 --> 01:22:25,960
Speaker 14: going to be a period of transition with what they're doing,

1574
01:22:26,760 --> 01:22:30,519
Speaker 14: and that led to another almost three percent pullback on Monday.

1575
01:22:31,320 --> 01:22:34,880
Speaker 14: Then overnight he actually reversed course of it. He downplayed that,

1576
01:22:35,040 --> 01:22:37,799
Speaker 14: saying he didn't foresee the US going into a recession

1577
01:22:37,960 --> 01:22:41,439
Speaker 14: and he thinks the country is going to boom, which

1578
01:22:41,479 --> 01:22:44,160
Speaker 14: did help to cushion a further fall that had started

1579
01:22:44,240 --> 01:22:47,040
Speaker 14: after he threatened more tariffs on Canada. So it's a

1580
01:22:47,080 --> 01:22:48,760
Speaker 14: little bit all over the place at the moment.

1581
01:22:49,040 --> 01:22:52,240
Speaker 2: It certainly is now the tech companies, the Magnificent Seven,

1582
01:22:52,320 --> 01:22:55,880
Speaker 2: which are Kream Della cream of the tech companies, they

1583
01:22:56,200 --> 01:22:59,960
Speaker 2: have actually been hit harder than most than the broader

1584
01:23:00,680 --> 01:23:03,840
Speaker 2: Is this a sign that you are they leading the

1585
01:23:03,920 --> 01:23:07,479
Speaker 2: market here or is there tech specific things going on?

1586
01:23:09,040 --> 01:23:11,760
Speaker 14: Yeah, there are some tech specific things happening. So it's

1587
01:23:12,160 --> 01:23:15,679
Speaker 14: the concern is primarily around the amount that these companies

1588
01:23:15,720 --> 01:23:19,479
Speaker 14: are spending on things like artificial intelligence, and there are

1589
01:23:19,560 --> 01:23:22,439
Speaker 14: questions around whether they're actually going to be able to

1590
01:23:22,520 --> 01:23:25,639
Speaker 14: generate a sufficient return on that spend. So we had

1591
01:23:25,800 --> 01:23:28,680
Speaker 14: the emergence of deep Seek, which raised concerns on this

1592
01:23:28,800 --> 01:23:32,960
Speaker 14: front back at the end of jan and more recently

1593
01:23:33,040 --> 01:23:36,639
Speaker 14: there have been rumors around Microsoft postponing and canceling data

1594
01:23:36,720 --> 01:23:39,840
Speaker 14: center leases, so that's added to some of those concerns.

1595
01:23:40,479 --> 01:23:42,760
Speaker 14: And if you think about the very strong run that

1596
01:23:42,920 --> 01:23:44,920
Speaker 14: some of these companies have had, you know, some of

1597
01:23:44,960 --> 01:23:48,320
Speaker 14: the valuations were elevated, and they're also more sensitive to

1598
01:23:48,520 --> 01:23:51,560
Speaker 14: growth and momentum, So as you would expect, they have

1599
01:23:51,800 --> 01:23:54,920
Speaker 14: sold off more than the broader market. The Nasdaq is

1600
01:23:55,000 --> 01:23:57,960
Speaker 14: down about twelve and a half percent and the Mags

1601
01:23:58,000 --> 01:24:01,120
Speaker 14: seven are down even more from the It's.

1602
01:24:01,080 --> 01:24:03,439
Speaker 2: Interesting if you look at the Magnificent seven and you

1603
01:24:03,520 --> 01:24:07,120
Speaker 2: look at Meta, they're the only one so far this

1604
01:24:07,280 --> 01:24:09,960
Speaker 2: year who's actually managed to managed to get a positive return.

1605
01:24:10,080 --> 01:24:10,600
Speaker 2: What's with that?

1606
01:24:11,960 --> 01:24:14,599
Speaker 14: Yeah, So that one really comes down to the fact

1607
01:24:14,720 --> 01:24:17,719
Speaker 14: that Meta is viewed as having one of the most

1608
01:24:17,800 --> 01:24:23,120
Speaker 14: compelling early AI monetization opportunities. So if you think about

1609
01:24:23,160 --> 01:24:26,960
Speaker 14: how Meta actually makes money, it's through advertising, and it

1610
01:24:27,080 --> 01:24:31,080
Speaker 14: was already a leader in targeted advertising, and its investments

1611
01:24:31,160 --> 01:24:34,400
Speaker 14: in AI are really just helping to extend that lead.

1612
01:24:34,840 --> 01:24:38,680
Speaker 14: So they're helping advertisers create better ads, better target the

1613
01:24:38,760 --> 01:24:41,439
Speaker 14: right users, and then that in turn helps to improve

1614
01:24:41,560 --> 01:24:44,360
Speaker 14: user engagement. It keeps us all scrolling on those apps,

1615
01:24:45,360 --> 01:24:47,800
Speaker 14: and then it's able to better measure how well the

1616
01:24:47,880 --> 01:24:51,400
Speaker 14: ads are doing, which gives advertisers the confidence to keep

1617
01:24:51,479 --> 01:24:54,960
Speaker 14: coming back and using metas advertising platform. And you know,

1618
01:24:55,080 --> 01:24:58,799
Speaker 14: given I think it's around half the world's population uses

1619
01:24:58,920 --> 01:25:01,679
Speaker 14: a meta app each month, it's got a huge base

1620
01:25:01,720 --> 01:25:05,639
Speaker 14: of customers to roll those initiatives out to. So it's

1621
01:25:05,960 --> 01:25:07,200
Speaker 14: starting in a pretty good spot.

1622
01:25:07,600 --> 01:25:09,919
Speaker 2: And we had a lot of change in the Nvidia

1623
01:25:10,160 --> 01:25:14,120
Speaker 2: stock over the feares of deep seek over in China.

1624
01:25:14,240 --> 01:25:16,559
Speaker 2: But now there's news that's come out that hit their stock.

1625
01:25:16,600 --> 01:25:17,559
Speaker 2: News out of Singapore.

1626
01:25:18,840 --> 01:25:21,640
Speaker 14: Yeah, so that was out last week. It sent the

1627
01:25:21,720 --> 01:25:24,160
Speaker 14: stock down eight percent on the day, and it was

1628
01:25:24,280 --> 01:25:28,200
Speaker 14: news that Singapore is investigating three people that are thought

1629
01:25:28,240 --> 01:25:31,680
Speaker 14: to be involved in smuggling in video chips. So the

1630
01:25:31,800 --> 01:25:35,280
Speaker 14: buyers appeared to be officially buying them from Singapore, but

1631
01:25:35,400 --> 01:25:38,000
Speaker 14: it looks like they might have actually ended up in China,

1632
01:25:38,200 --> 01:25:41,560
Speaker 14: which would have been in violation of US sanctions. And

1633
01:25:41,640 --> 01:25:43,720
Speaker 14: so the reason in Video stock fell so much is

1634
01:25:43,760 --> 01:25:47,160
Speaker 14: that Singapore accounted for almost twenty percent of in Video's

1635
01:25:47,360 --> 01:25:50,879
Speaker 14: revenue last year, So depending on what the investigation finds,

1636
01:25:51,640 --> 01:25:54,080
Speaker 14: there's a risk that a portion of those sales are

1637
01:25:54,160 --> 01:25:57,720
Speaker 14: illegal and would then fall away going forward. So for

1638
01:25:58,520 --> 01:26:01,799
Speaker 14: a stock that depends on constant upgrades and growing revenue,

1639
01:26:01,880 --> 01:26:03,200
Speaker 14: it's it's not a good outcome.

1640
01:26:03,479 --> 01:26:06,640
Speaker 2: Interesting, Stephanie, Thank you, Stephanie Batcheler. Milford Asset Management and

1641
01:26:06,760 --> 01:26:10,120
Speaker 2: Investments Summit underway in Auckland's Jason Walls Live.

1642
01:26:10,240 --> 01:26:16,120
Speaker 5: Next everything from SMS to the big corporates.

1643
01:26:16,439 --> 01:26:21,320
Speaker 1: The Business Hour with Ryan Bridge and Plans, Insurance and Investments,

1644
01:26:21,680 --> 01:26:24,560
Speaker 1: Grew your Wealth, Protect Your Future News Talks.

1645
01:26:24,520 --> 01:26:37,400
Speaker 2: V twenty one minutes away from seven News Talks ZB.

1646
01:26:37,439 --> 01:26:40,000
Speaker 2: If you're just joining us, I'll running through the cards spending,

1647
01:26:40,120 --> 01:26:43,200
Speaker 2: retail cards spending, because we had numbers out for February today.

1648
01:26:43,280 --> 01:26:45,000
Speaker 2: They were up, but they're still not where we need

1649
01:26:45,120 --> 01:26:47,840
Speaker 2: them to be. We've had consumer confidence going up, but

1650
01:26:48,000 --> 01:26:50,880
Speaker 2: confidence is one thing, and then actually swiping your card

1651
01:26:51,000 --> 01:26:53,720
Speaker 2: is another. So for February, this is from jan to

1652
01:26:53,800 --> 01:26:57,200
Speaker 2: feb up point three percent. That as an increase, but

1653
01:26:57,360 --> 01:27:01,360
Speaker 2: not massive. Hospitality was down point one. Consumables and apparel

1654
01:27:01,400 --> 01:27:04,880
Speaker 2: were both up. December was strong for US. January we

1655
01:27:05,080 --> 01:27:09,599
Speaker 2: dipped and then zero point three not great. And if

1656
01:27:09,640 --> 01:27:12,200
Speaker 2: you look at that February number compared to February last year,

1657
01:27:12,280 --> 01:27:16,439
Speaker 2: it's actually down four point two percent, it's twenty away

1658
01:27:16,439 --> 01:27:20,599
Speaker 2: from seven ran. The government's much talked about Infrastructure Investment

1659
01:27:20,640 --> 01:27:24,400
Speaker 2: Summit begins tomorrow. Chris Luxen obviously has been hyping this up,

1660
01:27:24,439 --> 01:27:27,240
Speaker 2: the possibility for overseas investors to help pay for some

1661
01:27:27,400 --> 01:27:32,200
Speaker 2: of our infrastructure. Jason Walls is News Talks political editor.

1662
01:27:32,280 --> 01:27:35,320
Speaker 2: He's going to be at the conference. Jason, Good evening,

1663
01:27:36,080 --> 01:27:38,720
Speaker 2: Good evening, Rain, Now run me through what what's the

1664
01:27:38,960 --> 01:27:40,840
Speaker 2: rundown tomorrow? What's actually happening?

1665
01:27:41,760 --> 01:27:44,000
Speaker 24: Oh listen, mate, You take a diet, you throw it

1666
01:27:44,040 --> 01:27:46,320
Speaker 24: at a corkboard that has a photo of a minister

1667
01:27:46,439 --> 01:27:49,040
Speaker 24: on it, and likely you hit somebody that's speaking tomorrow.

1668
01:27:49,120 --> 01:27:51,080
Speaker 24: There is just all of them that are taking to

1669
01:27:51,200 --> 01:27:54,240
Speaker 24: the stage to talk to the investors about various different.

1670
01:27:54,520 --> 01:27:55,800
Speaker 2: Parts of their portfolio.

1671
01:27:55,920 --> 01:27:58,880
Speaker 24: Obviously it's the Prime Minister who's opening the conference, and

1672
01:27:58,960 --> 01:28:01,479
Speaker 24: then you've got Nikola will and then afterwards, as I said,

1673
01:28:01,520 --> 01:28:04,120
Speaker 24: it's a bit of a shmorgasport really of the who's

1674
01:28:04,160 --> 01:28:07,680
Speaker 24: who's every minister and their dogs, Simeon Brown, Tama Portaka,

1675
01:28:08,160 --> 01:28:10,760
Speaker 24: You've got Ericus Stanford just to name a few. So

1676
01:28:11,040 --> 01:28:12,760
Speaker 24: I don't actually know who's going to be left in

1677
01:28:13,040 --> 01:28:15,240
Speaker 24: Parliament tomorrow. I mean, my colleagues are going to be

1678
01:28:15,800 --> 01:28:17,439
Speaker 24: keeping an eye on the house, but there's going to

1679
01:28:17,479 --> 01:28:18,240
Speaker 24: be nobody there.

1680
01:28:19,160 --> 01:28:21,680
Speaker 2: It sounds like it. Do we know whether any of

1681
01:28:21,880 --> 01:28:25,599
Speaker 2: the e we are presenting, for example, or any other

1682
01:28:25,760 --> 01:28:29,240
Speaker 2: New Zealand businesses or outfits or is it just government like?

1683
01:28:29,360 --> 01:28:31,120
Speaker 2: Is it exclusively government ministers?

1684
01:28:32,360 --> 01:28:33,679
Speaker 5: Well, I mean we only get.

1685
01:28:33,640 --> 01:28:37,280
Speaker 24: The sort of what's happening with the government, the ministerial

1686
01:28:37,320 --> 01:28:40,920
Speaker 24: agenda here. There may well be various different presentations from others,

1687
01:28:40,960 --> 01:28:43,519
Speaker 24: but the agenda or the number of companies, I mean,

1688
01:28:43,560 --> 01:28:46,200
Speaker 24: there's one hundred that are coming. Forty seven of them

1689
01:28:46,240 --> 01:28:48,360
Speaker 24: are from New Zealand. So I talked to Chris Bishop

1690
01:28:48,400 --> 01:28:50,120
Speaker 24: today and I said, well, hang on a second, this

1691
01:28:50,240 --> 01:28:53,000
Speaker 24: doesn't really sound like an international conference. And he said, well,

1692
01:28:53,040 --> 01:28:56,000
Speaker 24: the point is you want to get about half New

1693
01:28:56,080 --> 01:28:58,760
Speaker 24: Zealand half overseas in the room to be able to

1694
01:28:58,800 --> 01:29:02,160
Speaker 24: have these conversations. So it's the government that's facilitating it.

1695
01:29:02,200 --> 01:29:04,200
Speaker 24: They're the one that's up there talking about the various

1696
01:29:04,240 --> 01:29:07,519
Speaker 24: different projects that they want funding for. But there's ore

1697
01:29:07,600 --> 01:29:09,840
Speaker 24: the delegates in the room that could be talking to

1698
01:29:09,960 --> 01:29:12,600
Speaker 24: each other, and the government wants to facilitate some of

1699
01:29:12,680 --> 01:29:13,960
Speaker 24: that capital flow.

1700
01:29:14,439 --> 01:29:17,719
Speaker 2: Now, obviously we can't, we shouldn't say where it's been held,

1701
01:29:17,840 --> 01:29:20,840
Speaker 2: but the government did say that it was oversubscribed. Remember

1702
01:29:20,880 --> 01:29:22,880
Speaker 2: when they came out and said it's oversubscribed and there's

1703
01:29:22,880 --> 01:29:25,920
Speaker 2: one hundred people. I'd like to know how many people

1704
01:29:26,080 --> 01:29:30,400
Speaker 2: the venue holds, you know, how oversubscribed was it?

1705
01:29:31,320 --> 01:29:33,640
Speaker 24: Yeah, well I talked to it, as I said, I

1706
01:29:33,680 --> 01:29:35,400
Speaker 24: talked to Chris Bishop again today and he said it

1707
01:29:35,439 --> 01:29:37,960
Speaker 24: was the hottest ticket in town and he had quite

1708
01:29:37,960 --> 01:29:40,240
Speaker 24: a few people actually lining up four tickets. I don't

1709
01:29:40,280 --> 01:29:42,840
Speaker 24: mean think he meant literally lining up, but it's yeah,

1710
01:29:42,840 --> 01:29:43,960
Speaker 24: it's somewhere in Auckland, right.

1711
01:29:44,040 --> 01:29:44,760
Speaker 2: I wish I could tell you.

1712
01:29:45,000 --> 01:29:47,000
Speaker 24: I'm going along tomorrow and I'm just going to look

1713
01:29:47,000 --> 01:29:49,280
Speaker 24: at an email and type that into the uber address

1714
01:29:49,280 --> 01:29:51,439
Speaker 24: and hopefully I get there. It is somewhere in Auckland,

1715
01:29:51,439 --> 01:29:54,080
Speaker 24: and I'm pretty sure they'll be able to handle. I

1716
01:29:54,080 --> 01:29:56,759
Speaker 24: think it's about one hundred people or one hundred companies

1717
01:29:56,800 --> 01:29:59,160
Speaker 24: that are represented. There'll be more people than that there.

1718
01:29:59,200 --> 01:30:01,840
Speaker 24: I would say that pro be closer to five hundred

1719
01:30:01,880 --> 01:30:02,880
Speaker 24: to seven hundred and fifty.

1720
01:30:02,920 --> 01:30:05,720
Speaker 2: All up, Okay, interesting stuff, Jason, Thank you, very much

1721
01:30:05,800 --> 01:30:07,840
Speaker 2: for that. I'm sure we'll hear more from you on

1722
01:30:08,040 --> 01:30:11,800
Speaker 2: News Talks b tomorrow Jason Law's News Talks be Political Editor.

1723
01:30:11,920 --> 01:30:15,479
Speaker 2: It is seventeen away from seven Bryan Bridge. As part

1724
01:30:15,560 --> 01:30:17,400
Speaker 2: of this today, the government has made a couple of

1725
01:30:17,400 --> 01:30:21,479
Speaker 2: announcements already. One is tax changes. This is for incoming

1726
01:30:21,800 --> 01:30:26,519
Speaker 2: talent or returning talent. So Kiwis have moved overseas. We're

1727
01:30:26,560 --> 01:30:33,000
Speaker 2: talking tech gurus, really highly skilled people, startups, entrepreneurs, those

1728
01:30:33,120 --> 01:30:35,800
Speaker 2: types people who you want to be living in New

1729
01:30:35,880 --> 01:30:39,840
Speaker 2: Zealand and paying tax in New Zealand. Crucially, so both

1730
01:30:39,920 --> 01:30:44,479
Speaker 2: foreigners but also Keywi's returning here. They own shares. Often

1731
01:30:44,560 --> 01:30:46,879
Speaker 2: they will own shares if particularly if it's a startup

1732
01:30:47,000 --> 01:30:51,040
Speaker 2: in foreign listed companies or non listed foreign companies as well.

1733
01:30:51,920 --> 01:30:55,680
Speaker 2: So the government is changing foreign investment fund rules for them.

1734
01:30:55,760 --> 01:30:59,880
Speaker 2: Basically they're moving to a realization method where they'll only

1735
01:31:00,080 --> 01:31:03,120
Speaker 2: tax dividends that are actually received, which is going to

1736
01:31:03,160 --> 01:31:05,680
Speaker 2: be a benefit to them. And they're also going to

1737
01:31:05,960 --> 01:31:08,760
Speaker 2: loosen some rules around double taxing so you don't get

1738
01:31:08,840 --> 01:31:12,400
Speaker 2: taxed twice on some of your investments, basically making it

1739
01:31:12,520 --> 01:31:17,120
Speaker 2: easier and cheaper for talented people to move here or

1740
01:31:17,880 --> 01:31:20,880
Speaker 2: Keiwis to return home and bring their money with them,

1741
01:31:20,960 --> 01:31:23,120
Speaker 2: which is obviously two things that we desperately need in

1742
01:31:23,200 --> 01:31:25,200
Speaker 2: this country. So you've got to say that's good. And

1743
01:31:25,320 --> 01:31:28,000
Speaker 2: it sounds like they've had ice house ventures. A couple

1744
01:31:28,040 --> 01:31:30,040
Speaker 2: of others comment on it, saying this is a great thing.

1745
01:31:31,000 --> 01:31:36,120
Speaker 2: So they've announced something already. Sixteen away from seven News TALKSB.

1746
01:31:36,320 --> 01:31:37,960
Speaker 2: Gavin Gray in the UK next.

1747
01:31:39,080 --> 01:31:41,640
Speaker 5: If it's to do with money, it matters to you.

1748
01:31:42,200 --> 01:31:46,960
Speaker 1: The Business Hour with Ryan Ridge and Mayor's Insurance and Investments,

1749
01:31:47,360 --> 01:31:49,480
Speaker 1: Grow your Wealth, Protect your Future.

1750
01:31:49,520 --> 01:31:52,760
Speaker 2: Newstalks EDB thirteen to five. Sorry, thirteen to seven on

1751
01:31:52,880 --> 01:31:56,920
Speaker 2: News TALKSB. A little slow now. Over in Paris overnight

1752
01:31:56,960 --> 01:31:59,519
Speaker 2: tonight they're going to be discussing this so called Coalition

1753
01:31:59,600 --> 01:32:02,360
Speaker 2: of the Will. This is to provide a backstop in

1754
01:32:02,479 --> 01:32:06,599
Speaker 2: Europe to stop Putting from reinvading Ukraine, and New Zealand

1755
01:32:06,680 --> 01:32:08,920
Speaker 2: is going to be sending a defense force attached to

1756
01:32:09,120 --> 01:32:12,920
Speaker 2: this meeting that is happening in Paris there just to

1757
01:32:13,040 --> 01:32:17,920
Speaker 2: observe the Minister Judith Collins will apparently be zooming into

1758
01:32:17,960 --> 01:32:20,400
Speaker 2: this meeting overnight to find out what's going on. We're

1759
01:32:20,400 --> 01:32:22,960
Speaker 2: sort of on the sidelines of it. Right now, we're

1760
01:32:22,960 --> 01:32:25,519
Speaker 2: going to Gavin Gray, who's our UK correspondent, Gavin good

1761
01:32:25,520 --> 01:32:30,240
Speaker 2: evening either right now, this is on the ceasefire between

1762
01:32:30,479 --> 01:32:33,880
Speaker 2: the deal that apparently the Americans have been trying to

1763
01:32:33,960 --> 01:32:38,800
Speaker 2: broke it between the Ukraine and Russia. The UK has

1764
01:32:38,840 --> 01:32:40,840
Speaker 2: also been working behind the scenes in this.

1765
01:32:42,560 --> 01:32:45,920
Speaker 8: That's what the government here has now revealed. It's saying

1766
01:32:46,000 --> 01:32:49,600
Speaker 8: it's been really instrumental in trying to get the Americans

1767
01:32:50,000 --> 01:32:53,080
Speaker 8: and the Ukrainians back in good favor with one another

1768
01:32:53,200 --> 01:32:57,240
Speaker 8: after that disastrous press conference at the White House with

1769
01:32:57,760 --> 01:33:03,000
Speaker 8: President Zelenski, jd Vance and Donald and certainly relations do

1770
01:33:03,160 --> 01:33:06,840
Speaker 8: appear to be better. The BBC is reporting that one

1771
01:33:06,880 --> 01:33:08,880
Speaker 8: of its sources has said that over the past week

1772
01:33:09,240 --> 01:33:13,080
Speaker 8: there's been a concerted European effort led by Sekia Starma

1773
01:33:13,439 --> 01:33:16,400
Speaker 8: to get America and Ukraine back in good favor. So

1774
01:33:17,000 --> 01:33:19,599
Speaker 8: that potentially has been the background to what we're now

1775
01:33:19,720 --> 01:33:22,799
Speaker 8: seeing with very much the focus and particularly the advice

1776
01:33:22,880 --> 01:33:25,759
Speaker 8: coming out of Europe that it's time to put Russia

1777
01:33:25,840 --> 01:33:28,200
Speaker 8: on the back foot, and in effect, that is what

1778
01:33:28,320 --> 01:33:32,000
Speaker 8: this announcement about a ceasefar has done. Because now what's

1779
01:33:32,080 --> 01:33:34,680
Speaker 8: Russia going to say, because if it refuses it, then

1780
01:33:35,280 --> 01:33:39,840
Speaker 8: might that jeopardize its growing friendship as it were with

1781
01:33:39,960 --> 01:33:42,960
Speaker 8: Donald Trump Mighty be so angry with them that all

1782
01:33:43,080 --> 01:33:46,320
Speaker 8: his previous good words will be burnt. Or are they

1783
01:33:46,360 --> 01:33:48,400
Speaker 8: going to sort of feel that they have to accept it,

1784
01:33:48,520 --> 01:33:51,680
Speaker 8: in which case, at least we've got this piece for

1785
01:33:51,840 --> 01:33:54,880
Speaker 8: thirty days, and in which case perhaps the negotiations might

1786
01:33:54,960 --> 01:33:58,240
Speaker 8: continue afoot. No news from Russia yet. We do know

1787
01:33:58,360 --> 01:34:02,080
Speaker 8: that on Saturday this week Kirstarmer, Prime Minister will host

1788
01:34:02,120 --> 01:34:04,839
Speaker 8: of phone call of leaders. He's dubbed it the Coalition

1789
01:34:04,960 --> 01:34:07,160
Speaker 8: of the Willing, and that is all about this thought

1790
01:34:07,200 --> 01:34:12,920
Speaker 8: about peacekeeping efforts once peace is given in Ukraine, and

1791
01:34:13,080 --> 01:34:16,759
Speaker 8: those efforts aimed at deterring the Russian president from launching

1792
01:34:16,920 --> 01:34:19,080
Speaker 8: further incursions into Ukraine.

1793
01:34:19,360 --> 01:34:22,400
Speaker 2: Okay, Gevin, what more do we know about the man

1794
01:34:22,439 --> 01:34:24,960
Speaker 2: who's been arrested over this ship collision.

1795
01:34:26,680 --> 01:34:29,000
Speaker 8: Well, we know he's a fifty nine year old man.

1796
01:34:29,080 --> 01:34:31,840
Speaker 8: Police are saying very little, but it's been reported that

1797
01:34:32,000 --> 01:34:35,600
Speaker 8: he is the captain of the cargo ship that was

1798
01:34:35,640 --> 01:34:37,960
Speaker 8: one of the two ships involved in the collision. The

1799
01:34:38,120 --> 01:34:42,559
Speaker 8: Portuguese flagged So Long cargo ship collided with the US

1800
01:34:42,680 --> 01:34:47,439
Speaker 8: registered tanker Stena Immaculate in the North Sea early Monday

1801
01:34:47,479 --> 01:34:52,320
Speaker 8: morning our time, and the US registered Stena Immaculate was

1802
01:34:52,520 --> 01:34:55,840
Speaker 8: anchored at the time in other words, stationary, and the

1803
01:34:55,960 --> 01:34:59,479
Speaker 8: cargo ship plowed into it at quite high speed and

1804
01:34:59,600 --> 01:35:02,200
Speaker 8: it was, as I mentioned, ten in the morning, there

1805
01:35:02,240 --> 01:35:05,720
Speaker 8: were pretty good conditions in terms of visibility. So the

1806
01:35:05,840 --> 01:35:09,599
Speaker 8: question is how come and the captain we are hearing

1807
01:35:09,680 --> 01:35:13,519
Speaker 8: has been arrested on suspicion of gross negligence manslaughter, and

1808
01:35:13,640 --> 01:35:16,800
Speaker 8: that is because there is one person still missing from

1809
01:35:16,920 --> 01:35:19,759
Speaker 8: both crews. More than thirty were rescued, but one still missing,

1810
01:35:19,840 --> 01:35:23,440
Speaker 8: and that person is now presumed dead. So the questioning continues.

1811
01:35:23,520 --> 01:35:28,120
Speaker 8: The captain has been detained in custody and no doubt

1812
01:35:28,200 --> 01:35:30,920
Speaker 8: still being questioned about what's been going on. Plus of

1813
01:35:31,000 --> 01:35:34,840
Speaker 8: course the analysis I dare say, of the various sort

1814
01:35:34,880 --> 01:35:38,960
Speaker 8: of devices and black box type recordings that will be

1815
01:35:39,040 --> 01:35:42,040
Speaker 8: on both ships at that time. But suffice to stay

1816
01:35:42,120 --> 01:35:45,639
Speaker 8: still really concerning that one of the ships or both

1817
01:35:45,680 --> 01:35:48,040
Speaker 8: the ships may sink. It is thought they are going

1818
01:35:48,120 --> 01:35:51,479
Speaker 8: to try and slowly tug them using tugboats tow them

1819
01:35:51,520 --> 01:35:55,559
Speaker 8: back into land. But yeah, big concern over what are

1820
01:35:55,680 --> 01:35:59,400
Speaker 8: very very good fishing grounds and shellfish stocks and of

1821
01:35:59,479 --> 01:36:02,360
Speaker 8: course all the BirdLife that uses that for breathing at

1822
01:36:02,400 --> 01:36:05,519
Speaker 8: this particular time of year, so very very great dangers

1823
01:36:05,680 --> 01:36:06,920
Speaker 8: of the environment at the moment.

1824
01:36:07,040 --> 01:36:10,639
Speaker 2: Absolutely now, no one would need really around the world

1825
01:36:10,680 --> 01:36:14,040
Speaker 2: wouldbed an island at Greenland's election, But we are all

1826
01:36:14,080 --> 01:36:16,719
Speaker 2: paying attention. We've got results due out soon.

1827
01:36:17,680 --> 01:36:18,120
Speaker 5: Yeah, we have.

1828
01:36:18,360 --> 01:36:24,120
Speaker 8: So the voting finished about eight hours ago, eleven hours

1829
01:36:24,200 --> 01:36:28,560
Speaker 8: in total of voting at seventy two polling stations and

1830
01:36:29,120 --> 01:36:32,400
Speaker 8: as you say, forty four thousand people eligitible vote, and

1831
01:36:32,479 --> 01:36:34,600
Speaker 8: frankly it rarely gets to the news. It's like I

1832
01:36:34,640 --> 01:36:37,640
Speaker 8: said of local council election in terms of size. But

1833
01:36:38,120 --> 01:36:42,519
Speaker 8: because of Donald Trump's repeated interest in acquiring Greenland is

1834
01:36:42,640 --> 01:36:45,000
Speaker 8: very much now in the spotlight. We do expect the

1835
01:36:45,080 --> 01:36:48,080
Speaker 8: results soon and this could be really pivotal towards the

1836
01:36:48,800 --> 01:36:52,479
Speaker 8: future direction for the Arctic territory. And the reason is this,

1837
01:36:52,880 --> 01:36:56,559
Speaker 8: five out of the six parties in this general election

1838
01:36:56,760 --> 01:37:03,960
Speaker 8: are all suggesting that basically Greenland becomes independent from Denmark.

1839
01:37:04,280 --> 01:37:09,120
Speaker 8: Denmark has controlled Greenland for about three centuries, and yet

1840
01:37:09,160 --> 01:37:12,360
Speaker 8: there is a distance of nearly three thousand kilometers apart,

1841
01:37:13,320 --> 01:37:18,200
Speaker 8: and really, although it governs its own domestic affairs, Greenland's

1842
01:37:18,200 --> 01:37:22,080
Speaker 8: decisions on foreign defense policies are made in Copenhagen at Denmark,

1843
01:37:22,880 --> 01:37:26,040
Speaker 8: and the five of those six parties that want independence

1844
01:37:26,400 --> 01:37:30,160
Speaker 8: only really differ on how quickly that independence should come about.

1845
01:37:30,240 --> 01:37:32,160
Speaker 8: So a great deal at stake here and as I said,

1846
01:37:32,240 --> 01:37:35,280
Speaker 8: being watched around the world and theres particularly by a

1847
01:37:35,360 --> 01:37:36,559
Speaker 8: certain mister d Trump.

1848
01:37:37,200 --> 01:37:39,880
Speaker 2: Absolutely, Gevin, thank you very much for that. Devin Gray,

1849
01:37:40,040 --> 01:37:44,719
Speaker 2: our UK correspondent. Seven away from seven it's.

1850
01:37:44,600 --> 01:37:48,800
Speaker 1: The hitherto See Allan Drive full show podcast on iHeartRadio

1851
01:37:49,040 --> 01:37:50,479
Speaker 1: powered by News Talk Zibby.

1852
01:37:51,720 --> 01:37:54,519
Speaker 2: News Talk Zibby. It is five minutes away from seven o'clock.

1853
01:37:54,560 --> 01:37:57,360
Speaker 2: So what have we learned today? Today? We've learned that

1854
01:37:57,400 --> 01:38:00,400
Speaker 2: it doesn't matter with the you talk tough is Canada

1855
01:38:00,479 --> 01:38:03,080
Speaker 2: did with Donald Trump, or whether you talk soft as

1856
01:38:03,080 --> 01:38:07,240
Speaker 2: Australia did. Your answer is no, isn't it? I mean,

1857
01:38:07,280 --> 01:38:10,160
Speaker 2: that's what we've learned. This guy means business. He does

1858
01:38:10,320 --> 01:38:15,000
Speaker 2: not give an s about anything or anyone about America,

1859
01:38:15,160 --> 01:38:17,120
Speaker 2: and he did say that going into the campaign. So

1860
01:38:17,200 --> 01:38:19,920
Speaker 2: I suppose you can't blame the guy News Talk said

1861
01:38:20,000 --> 01:38:22,439
Speaker 2: b what are we going out to tonight?

1862
01:38:22,479 --> 01:38:25,360
Speaker 7: Ants stop by the Spice Girls to play us out tonight.

1863
01:38:26,360 --> 01:38:28,280
Speaker 7: I almost called you Tim there because I was thinking

1864
01:38:28,320 --> 01:38:31,240
Speaker 7: of Tim Brown Ryan, because yeah, it's related to All Birds.

1865
01:38:31,280 --> 01:38:33,240
Speaker 7: The reason I'm playing this. All Birds has put out

1866
01:38:33,280 --> 01:38:35,840
Speaker 7: its full year result for twenty twenty four wasn't very good.

1867
01:38:36,200 --> 01:38:40,559
Speaker 7: They had made a loss of ninety three million US dollars,

1868
01:38:40,600 --> 01:38:42,200
Speaker 7: which is bad, but not quite as bad as twenty

1869
01:38:42,280 --> 01:38:44,760
Speaker 7: twenty three. So part of the problems they had was

1870
01:38:44,800 --> 01:38:46,880
Speaker 7: obviously that Wall Street Journal article that pointed out that

1871
01:38:46,960 --> 01:38:49,360
Speaker 7: they're not cool with this, you know, Silicon Valley see

1872
01:38:49,479 --> 01:38:52,040
Speaker 7: anymos that's right, So they're doing something to combat that.

1873
01:38:52,080 --> 01:38:55,720
Speaker 7: They've released a vid cast. So Stanley Tucci hosts a

1874
01:38:55,840 --> 01:38:58,679
Speaker 7: four episode vid cast where he sits with famous people

1875
01:38:59,040 --> 01:39:02,400
Speaker 7: and they like have interesting conversations based on these little

1876
01:39:02,439 --> 01:39:05,240
Speaker 7: conversation cards that a psychologist has drawn up for them.

1877
01:39:05,320 --> 01:39:07,759
Speaker 7: So presumably this sort of thing Silicon Valley's into anyway.

1878
01:39:08,080 --> 01:39:10,080
Speaker 7: Guest on the first episode, which you watch on YouTube,

1879
01:39:10,120 --> 01:39:14,120
Speaker 7: Melanie Ce. So there you go, Spice Girls stop. If

1880
01:39:14,120 --> 01:39:15,559
Speaker 7: you want to hear more from Melanie C, you can

1881
01:39:15,600 --> 01:39:17,519
Speaker 7: go listen to a talk to Stanley Tucci about all

1882
01:39:17,600 --> 01:39:19,919
Speaker 7: birds and the people.

1883
01:39:19,840 --> 01:39:22,799
Speaker 2: Used to just make good shoes, you know, whatever happened

1884
01:39:22,800 --> 01:39:25,680
Speaker 2: to that. Thanks for all of your feedback and for

1885
01:39:25,840 --> 01:39:27,320
Speaker 2: listening today. We'll see you tomorrow

1886
01:39:47,680 --> 01:39:50,840
Speaker 1: For more from Hither Duplessy Allen Drive, listen live to

1887
01:39:50,960 --> 01:39:54,000
Speaker 1: news Talks it'd be from four pm weekdays, or follow

1888
01:39:54,040 --> 01:39:55,760
Speaker 1: the podcast on iHeartRadio.