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Speaker 1: The issues, the interviews and the inside. Ryan Bridge on

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Speaker 1: an earlier is show with One Root Love where you

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Speaker 1: Live News Talks.

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Speaker 2: It'd be Good Morning Tuesday. It is six half of

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Speaker 2: five Sam stubs on Banking Capital. This morning. We're in

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Speaker 2: Australia for the Mushroom. Lady updates self employed retirement savings.

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Speaker 2: There's a gap, we ask why and how to fix it?

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Speaker 2: And a new report out this morning says universities are

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Speaker 2: throwing a grades around like Oprah with cars all but

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Speaker 2: willy nilly, what's behind that? That's first up here on

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Speaker 2: early edition.

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Speaker 1: The Agenda.

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Speaker 2: Tuesday, the twenty sixth of August, more journalists killed by

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Speaker 2: an Israeli strike on a hospital in Gaza. They worked

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Speaker 2: for AP, Reuter's and Al Jazeera.

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Speaker 3: Journalists are present in a lot of health facilities because

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Speaker 3: they are covering the mass casualty incidents that occur every

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Speaker 3: minute of every day in Gaza, so they're always present

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Speaker 3: outside the emergency department. It certainly seemed a targeted attack,

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Speaker 3: as have many overs twenty two months, directly targeting both

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Speaker 3: members of the media and protected civilian infrastructure such as

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Speaker 3: hospitals and other health facilities.

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Speaker 2: To the White House, Trump is currently hosting and setting

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Speaker 2: down with South Korea's president. Actually, Glenn and I were

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Speaker 2: just talking about their having a press conference at the moment.

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Speaker 2: How much gold there is in the Oval Office. We

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Speaker 2: know Trump likes gold. He's sort of doubled or even

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Speaker 2: trebled the amount of gold that is behind them in

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Speaker 2: the photo ops. Anyway, they still have to flesh out

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Speaker 2: these two leaders details of the trade deal that they

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Speaker 2: announced in July. Defense on the agenda.

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Speaker 4: Too, in terms of what's been already agreed in terms

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Speaker 4: of trade so earlier in the year. In July, actually

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Speaker 4: Trump reduced tariffs from twenty five percent to fifteen percent,

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Speaker 4: which is a huge deal for automobile makers such as Hondek,

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Speaker 4: Yeah and Genesis. At the same time, South Korean chip

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Speaker 4: makers like Samsung and s K Heinix have also benefited

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Speaker 4: thanks to their factories in the US, but industries like

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Speaker 4: steel and aluminium still face steep tariffs.

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Speaker 2: Five forty five. This morning, we're across the Tatsman with

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Speaker 2: Leslie Yeoman on the Mushroom Killer Lady. She's back in court,

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Speaker 2: the sole survivor. His name's Ian Wilkinson. He spoke about

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Speaker 2: his wife, Heather. She died after eating the beef Wellington.

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Speaker 5: She was a great mother, compassionate, brave and kind. Mister

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Speaker 5: Wilkinson told the court, I only feel half alive without her,

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Speaker 5: He said, breaking down is a truly horrible thought that

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Speaker 5: somebody could decide to take her life.

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Speaker 2: Sentencing eighth of September for her and what does she

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Speaker 2: have in her prison cell? Really weird part of the story.

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Speaker 2: I'll tell you about that later on the show.

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Speaker 1: The first word on the News of the Day early

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Speaker 1: edition with Ryan Bridge and one roof Love where you Live.

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Speaker 2: News Talks, I'd be nine two ninety two is the

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Speaker 2: number of text love to hear from you this morning.

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Speaker 2: But complicated this banking stuff. But basically they one of

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Speaker 2: the reserve bankers proposing that they loosen the capital requirements

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Speaker 2: for your retail banks. That's how much money they have

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Speaker 2: to keep on hand, which costs them to do right,

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Speaker 2: there's an opportunity cost of them not using that cash

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Speaker 2: for lending, which would generate revenue, which would generate profits.

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Speaker 2: So the less they hold, the more it costs them. Sorry,

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Speaker 2: the more they hold, the more it costs them. But

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Speaker 2: the less they hold, the risky of the system is

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Speaker 2: if things go tips up and suddenly everyone wants their

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Speaker 2: money and the banks can't afford to pay because they

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Speaker 2: don't have enough capital. Then that's a problem. So the

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Speaker 2: Reserve Bank's getting a bit looser and proposing to get

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Speaker 2: a bit looser again on now that Adrian All's out

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Speaker 2: the door on how much they have to hold. And

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Speaker 2: this will affect competition in the banking sector. It will

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Speaker 2: and could affect economic output of the country because there

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Speaker 2: would be more money to lend. So they're consulting on

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Speaker 2: this at the moment. Government's keen. Farmers are keen. The

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Speaker 2: Commerce Commission's keen. They had that report last year. The

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Speaker 2: Finance and Expenditure Committee, they're keen, they said on Friday,

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Speaker 2: we told you that yesterday. The banks obviously are keen.

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Speaker 2: The rules at the moment are amongst the strictest of

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Speaker 2: countries that we would compare ourselves to. So Sam's Stubbs

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Speaker 2: from Simplicity has a view on this, he joins us

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Speaker 2: before six John ten after five. Now, this morning I

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Speaker 2: happened to cross an article about our favorite couple, Harry

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Speaker 2: and Meghan. They're just shameless, you know, no one likes them.

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Speaker 2: They have to make money though don't they because they're

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Speaker 2: not getting they're not able to suck on the British

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Speaker 2: teat any longer. So and they need to keep paying

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Speaker 2: for the nanny, and they need to keep nannies, I

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Speaker 2: should say, if you've seen the shows, and they need

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Speaker 2: to keep paying for the groundskeepers in their Montecito mansion.

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Speaker 2: So the latest iteration of the latest idea of being floated.

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Speaker 2: And I don't know whether there's flying a kite with

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Speaker 2: this or what, but apparently they are considering a Netflix

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Speaker 2: show about Princess Diana. I know, you go, oh, you cringe,

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Speaker 2: and I was thinking about this this morning. You do

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Speaker 2: cringe and you think, gosh, that's exploitative all that stuff.

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Speaker 2: But it's also his mum. You know, it's his mother.

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Speaker 2: If he wants to talk about her, then that's his prerogative.

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Speaker 2: She's not public property any longer. The thing would rate

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Speaker 2: its tits off, you can be sure of that. So

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Speaker 2: I don't know. I think, yes, it feels a bit ecky,

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Speaker 2: but at the same time, it's not my mother. It's

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Speaker 2: his mother, so it's probably his choice in life to

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Speaker 2: make Eleven minutes after five News Talks VB, we'll talk

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Speaker 2: about this new report next on universities. If your kid's

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Speaker 2: got an A at UNI? Is it really an A?

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Speaker 1: Get ahead of the headlines on early edition with Ryan

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Speaker 1: Bridge and one roof Love, Where You Live, News Talks VB.

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Speaker 2: News TALKSB. It's fourteen minutes after five. The data continues

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Speaker 2: to be all over the place a little bit at

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Speaker 2: the moment. You did we actually shrink in the June quarter?

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Speaker 2: The blip that everyone's been talking about the reserve band

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Speaker 2: reckons we did? They told us the other day we

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Speaker 2: went backwards. They used to make point three percent. But

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Speaker 2: then yesterday you get the stats in Z data out

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Speaker 2: on retail sales volumes. Surprisingly, they lifted for June up

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Speaker 2: point five percent for the quarter. That's up two point

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Speaker 2: three percent from a year ago. So you go, what's happening?

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Speaker 2: What's happening? Well, the data is just all over the place.

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Speaker 2: You know, did the recovery actually stall or did it

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Speaker 2: just flatten? We will find out on the eighteenth of September.

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Speaker 2: That's when we get our actual June data and we

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Speaker 2: can be sure. It's fourteen after five. Newstalks at b

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Speaker 2: Ryan Bridge. Is an A grade today worth the same

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Speaker 2: as an A grade? Twenty years ago. A new report

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Speaker 2: out this morning from the New Zealand Initiative shows the

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Speaker 2: proportion of A grades given out at universities has increased

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Speaker 2: seven percent to thirty five percent. This is since two

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Speaker 2: thousand and six and during COVID get this, nearly half

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Speaker 2: of all marks were a's. So are we just giving

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Speaker 2: out as willing Nelly Elizabeth A Data is Sociology of

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Speaker 2: Education professor at the University of Auckland with me. Now,

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Speaker 2: good morning, Oh good morning, Ryan, Good to have you

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Speaker 2: on the program. Tell me what are we just handing

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Speaker 2: these A grades out? Or are the standards dropping or

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Speaker 2: students getting smarter?

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Speaker 6: Well, I think the really good thing about the Cursted

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Speaker 6: report is that from the New Zealand Initiative is that

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Speaker 6: it actually gives us some empirical data which we've needed

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Speaker 6: for a long time. So we know now we've got

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Speaker 6: the got the evidence that there is a problem, and

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Speaker 6: I think it's time to have a really close look

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Speaker 6: at all the factors that have produced this problem, because

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Speaker 6: you know, I've been at the University of Auckland for

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Speaker 6: four decades now and yeah, it's my experience that this

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Speaker 6: has happened, But I haven't had the evidence until now,

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Speaker 6: so it's really good to see the report.

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Speaker 2: Why is it happening?

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Speaker 6: Oh gosh, Well, lots of factors, but what I think

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Speaker 6: it boils down to is that there's been a real

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Speaker 6: cultural shift over the last twenty thirty years from merit

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Speaker 6: to equity, the idea that everyone should succeed, you know,

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Speaker 6: the equal outcomes approach, and that's and that has been

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Speaker 6: anticipated by NCA, so that we've now got the we've

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Speaker 6: got students expecting to receive a's and not realizing that

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Speaker 6: you actually have to work extremely hard and you have

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Speaker 6: to have real ability and a subject to get an

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Speaker 6: A and not everyone does. But as I say, over

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Speaker 6: the last few decades, there's been an assumption that everyone

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Speaker 6: should be able to achieve the same standard.

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Speaker 2: Some academics apparently have said that they've been told instructed

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Speaker 2: by their faculty to give a's to people who basically

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Speaker 2: just for showing up. Have you heard of anything like

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Speaker 2: that happening.

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Speaker 6: I've heard about it. My own experience is that there's

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Speaker 6: just a societal pressure and the students they feel the

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Speaker 6: pressure to that they expect to get highmarks. It's what

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Speaker 6: they've encountered at secondary school in the NCAA. You know

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Speaker 6: they will take subjects. Not all students, of course, but

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Speaker 6: a number do take subjects where they can be sure

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Speaker 6: that the subject isn't too demanding that they will get

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Speaker 6: a high mark. So there's this sort of culture of

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Speaker 6: expectation that is not really founded in the actual ability

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Speaker 6: and the hard work of all students.

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Speaker 2: Elizabeth, what's a really quick way to work out who

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Speaker 2: is actually an A level student?

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Speaker 6: Oh gosh, well, it's to get them to write essays

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Speaker 6: and to do external exams.

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Speaker 2: Appreciate your time this morning, Elizabeth at Artzer, Sociology of

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Speaker 2: Education professor at the University of Auckland. Time now is

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Speaker 2: eighteen minutes after five. What proportion of self employed people

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Speaker 2: do you think if you had to guess this morning,

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Speaker 2: what proportion of self employed people are making? Key we

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Speaker 2: save a contributions saving for their retirement. I'll tell your

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Speaker 2: next news talk set B.

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Speaker 1: On your radio and online on iHeartRadio early edition with

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Speaker 1: Ryan Bridge and One Route Love where you Live news talks.

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Speaker 2: They'd been five twenty on news talks, they'd be We'll

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Speaker 2: get to Sam Stubbs before six. On the bank capital

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Speaker 2: requirement changes, what does it mean for all of us

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Speaker 2: first self employed people. A bit of a warning for

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Speaker 2: you this morning from the Retirement Commission self employed people

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Speaker 2: investing less than half the amount into their retirement than

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Speaker 2: that of employees, meaning they could miss out on your

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Speaker 2: government contributions. If it's KIWI Saver. James Fuller is the

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Speaker 2: Henry CEO joins me. Now, Hey, James, Hey, good morning.

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Speaker 2: This is not surprising, right because it's optional.

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Speaker 7: It is, it's not surprising. But I think with the

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Speaker 7: recent changes in the twenty twenty five budget, the problem

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Speaker 7: that we're going to face is that fewer and few

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Speaker 7: are self employed are going to contribute to kiwisaver now

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Speaker 7: that the government contribution has been halved.

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Speaker 2: Do you think it's an education thing or a cost

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Speaker 2: of living thing.

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Speaker 7: I think it's a combination of the two. I think

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Speaker 7: self and point are fully aware that they can voluntarily

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Speaker 7: pay in today's see favor, but I think the challenge

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Speaker 7: becomes that there's no incentive for them to do so.

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Speaker 7: So over the last three years, eighty nine percent of

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Speaker 7: government contributions towards KII Saver have gone to salaried employees

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Speaker 7: and only seven percent have gone to the self employed.

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Speaker 7: And that's very stark at contrast, so the fact that

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Speaker 7: there are twenty percent of the workforce of self employed.

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Speaker 7: So it's a real disparity there from what the government

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Speaker 7: is doing.

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Speaker 2: When someone because on your app, when someone opts out

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Speaker 2: of Kiwi Savor, do you try and tell say to them, hey,

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Speaker 2: don't do that. Here's the potential implications of that.

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Speaker 7: We provide a lot of education to our customers. We

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Speaker 7: don't give them advice around these sorts of things, but

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Speaker 7: we do encourage them to get financial advice. I think

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Speaker 7: the key thing though, is that a lot of people

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Speaker 7: are opting out simply because the government is not contributing

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Speaker 7: as much as they were. So now that government contribution

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Speaker 7: has been halved, we've seen a large number of self

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Speaker 7: employed people decide, actually, I'm going to try and put

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Speaker 7: my money elsewhere. And the danger there is that they

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Speaker 7: start putting their money into maybe sort of higher risk,

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Speaker 7: shorter term investments, and that means that they won't have

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Speaker 7: enough retirement savings. And you know, it's a bit of

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Speaker 7: a short term a stress strategy from the government, because

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Speaker 7: long term, we're potentially creating a generation of soul traders

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Speaker 7: who are going to become a burden on the state

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Speaker 7: when they come to retirement age because they won't have

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Speaker 7: any savings.

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Speaker 2: Or they could. I mean, the soul traders are often

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Speaker 2: quite smart people and think for themselves. They might have

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Speaker 2: other alternative investment options that they think, as you say,

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Speaker 2: this one's not giving me what it used to do,

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Speaker 2: I'm going to move it over here and it's a

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Speaker 2: long term thing and I'm going to make more money

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Speaker 2: out of it.

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Speaker 7: Yeah, yeah, absolutely right. Soul traders are incredibly resilient about

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Speaker 7: this kind of stuff. You know, after ki we save.

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Speaker 7: The most common place for them to put their money

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Speaker 7: is specialist savings accounts, which is sort of thirty two

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Speaker 7: and a half percent of them are putting money aside

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Speaker 7: in savings. There the challenge with that, we're seeing interest

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Speaker 7: rates dropping, so the value of those special savings accounts

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Speaker 7: is dropic and doesn't provide some of the financial stability longer.

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Speaker 6: Term that seems like que savor do.

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Speaker 7: So we should really encouraging everyone across New Zealand to

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Speaker 7: be paying into.

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Speaker 2: That quis savor.

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Speaker 7: And actually sometimes it's down to the government to actually

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Speaker 7: provide a level of as you said, education, level of

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Speaker 7: incentives to actually get from twelve people back onto.

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Speaker 2: The Kii Saver train. James, appreciate your time. Thanks, thanks

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Speaker 2: so much for coming on the show. James Fuller the

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Speaker 2: Henry CEO with us this morning, twenty three minutes after five.

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Speaker 2: I've always wondered why there isn't a more flexible option

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Speaker 2: as well for Kiwi Saver. You know, why can't you

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Speaker 2: contribute one percent or two percent? Why does it have

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Speaker 2: to be a minimum of three? It was surely it

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Speaker 2: would be better than zero. You know, nine two nine

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Speaker 2: two is the number to text. Time is five twenty four.

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Speaker 2: Big debate last night for the Tamaki Makodo by election.

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Speaker 2: I was tuned in. I'll fill you in on what happened.

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Speaker 1: Next the early edition Full the Show podcast on iHeartRadio

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Speaker 1: powered by Newstalks Ever.

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Speaker 2: News Talk ZB. It is five twenty six. At the

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Speaker 2: rate it's going this by election could cost Labor the

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Speaker 2: real election. Penny Henada is popping out policies toxic to

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Speaker 2: the general electorate, but very popular with the ten thousand

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Speaker 2: odd voters that he will need to win Tammocky Mikoto. First,

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Speaker 2: it was bringing back the gang patches. You would have

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Speaker 2: heard about that. Labor then had to hose that down

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Speaker 2: left Middle New Zealand scratching their heads though, didn't it

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Speaker 2: Because we've been there, done that with gangs where over it.

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Speaker 2: We just want them sorted. Labour lost the war on

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Speaker 2: crime and with it the mandate to govern. You might

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Speaker 2: think it's an issue that they would just steer clear of,

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Speaker 2: but not Penny, Labour's electoral kryptonite. Last night he was

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Speaker 2: back at it. I was watching the debate well with

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Speaker 2: Ordine and Penny, which was actually quite a good debate.

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Speaker 2: I enjoyed it. Penny was asked about the cost of

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Speaker 2: living and he said that when Labor was in power,

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Speaker 2: they were in talks with EWI to build a third

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Speaker 2: supermarket chain across the country to compete with the duopoly.

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Speaker 2: Last Night's said they'd support it again if elected. Here

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Speaker 2: is what he said.

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Speaker 8: When we were last in power, we were working closely

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Speaker 8: with EWE to introduce a third grocery provider into the

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Speaker 8: market to allow our funder to experience cheaper cope and

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Speaker 8: to make sure that EWE are part of delivering the

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Speaker 8: answer for our finance.

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Speaker 9: So are you talking about a Kiwi Kai supermarket chain?

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Speaker 8: We're talking about EWE leaded New Zealand chain that will

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Speaker 8: supply our funder.

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Speaker 2: Ere we lead, but funded by hope. This is the question,

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Speaker 2: what does support mean? Does that mean taxpayer funding? In

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Speaker 2: twenty twenty three they were talking about doling out loans,

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Speaker 2: maybe even grants or taxpayer support to secure land for

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Speaker 2: a third entrant. Now, there's nothing wrong with an e

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Speaker 2: WE lead supermarket chain. There's nothing wrong with a third

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Speaker 2: chain at all. Hell, we would all like to see that.

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Speaker 2: But do we want it to be taxpayer supported? That's

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Speaker 2: the question. If private capital can't make it work at

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Speaker 2: these prices, what chance would the state have. The problem

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Speaker 2: with this stuff is it feeds that perception. The only

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Speaker 2: response labor has to anything is more money, throw more money.

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Speaker 2: Can we build anyone? There's a philosophical question here which

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Speaker 2: Hipkins needs to answer. But of course Hipkins isn't answering

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Speaker 2: in questions because he's got a ban on policy till

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Speaker 2: at least Christmas Ryan Bridge, twenty eight After five News

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Speaker 2: Talks B nine two nine two the number, Ryan. I

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Speaker 2: work with a lot of self employed tradees. This is

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Speaker 2: about retirement savings from Graham, Good morning Graham. While I

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Speaker 2: think some may be investing for the future, most seem

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Speaker 2: to be putting their spare cooint into their pokey plans,

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Speaker 2: so not really come on, Graham, Craig's more sensible says,

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Speaker 2: why would a self employed person invest in key we

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Speaker 2: saver when a lot of us have debt for our businesses.

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Speaker 2: We invest in paying off debt when we can. Thanks Craig, Craig,

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Speaker 2: appreciate your feedback this morning. I really don't want to

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Speaker 2: do this to you. In fact, i'll I'll do it

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Speaker 2: when we come back from news. But there was a

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Speaker 2: story out yesterday which reinforces everything you hate about local councils.

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Speaker 2: It's to do with a party that was held in

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Speaker 2: Auckland and my blood was boiling yesterday afternoon, so I'll

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Speaker 2: bring that. I'll read that to you next. Also, Auckland's

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Speaker 2: getting a new McDonald's. Sorry, Monica, I know you said

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Speaker 2: no you didn't want one. Well some of you didn't

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Speaker 2: want one. And Monica, there's a big, brand spanking new

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Speaker 2: drive through Comington Newmarket. One heck tear in size and

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Speaker 2: non notified. Two News Talk, said b Sam Stubbs on

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Speaker 2: Banking before six.

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Speaker 1: News and Views you trust to start your day, It's

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Speaker 1: early Ediship with Ryan Bridge and one roof love where

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Speaker 1: you live.

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Speaker 2: News Talk SEDB, good morning, it is twenty four away

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Speaker 2: from six year on news Talk, said B. It is Tuesday,

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Speaker 2: and we'll get to the banking capital changes of the

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Speaker 2: proposed changes just before six this morning. Also Ourustralia correspondent

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Speaker 2: Liz the Yeomans will join us. This is why people

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Speaker 2: hate counsels. I promised I talked to you about this.

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Speaker 2: I read this story yesterday. My blood was boiling spending

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Speaker 2: our rates money on basically private piss ups cocktail party.

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Speaker 2: This was to celebrate the centenary of the Nathan Homestead

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Speaker 2: and Pookie Pooky didn't invite you and me, we were

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Speaker 2: No one sent us an invite. It was a private event.

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Speaker 2: Counselors were there, Who's who were there, all doled up,

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Speaker 2: dressed to the nines and punching back liquor that we

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Speaker 2: paid for. Thirteen thousand dollars was the build. This was

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Speaker 2: in twenty twenty four and there was a jazz band.

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Speaker 2: They even had nineteen twenties swing dancers, all of this

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Speaker 2: amazing stuff. While we're struggling to put food on the table,

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Speaker 2: they're all just chugging back cocktails that we've paid for

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Speaker 2: the Monay day were local boarders, the group that you

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Speaker 2: want to be mad at. Thank you very much for

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Speaker 2: your kind donations. Auckland our rates, by the way, nearly

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Speaker 2: six percent last year. It is twenty three away from

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Speaker 2: six shadow Our reporters Jamie Cunningham for Duned and Jamie

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Speaker 2: good morning, Good morning, Hey, this is great news. The

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Speaker 2: first two of my favorite things, potatoes and ice cream

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Speaker 2: and a potato ice cream now available on our shelves.

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Speaker 10: You so an Otago polytic project has grown into a

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Speaker 10: commercial venture, with the unique ice cream now being turned

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Speaker 10: out in Dunedin. Second year Culinaries art students were challenged

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Speaker 10: with developing products that could help reduce waste and now

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Speaker 10: they're reused food from the Heartland Potato Chip Factory and

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Speaker 10: Timidoo to create mud which is a blend of milk

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Speaker 10: and spud and a dark chocolate chip crunch ice cream

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Speaker 10: is now available today. The first batch of the ice

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Speaker 10: cream goes on sale at Patties and Creams to Dunedin

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Speaker 10: stores from today.

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Speaker 2: All the dark chocolate chip one sounds good. How's your

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Speaker 2: weather there, Jamie.

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Speaker 10: Well, it's another fine day in Donedan with light winds

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Speaker 10: and a high of.

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Speaker 2: Fourteen nice one. Thank you. Hey Claire, how are you?

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Speaker 5: I'm well?

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Speaker 2: How are you very well? What's going on with this

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Speaker 2: festival in the security breach?

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Speaker 11: Yeah, hundreds of keen punters to the Rolling Meadows Festival

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Speaker 11: have been caught up in this breach.

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Speaker 8: Ryan.

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Speaker 11: Around three hundred and ten pre sale reminder emails were

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Speaker 11: sent out yesterday, but to the wrong recipients now. Details

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Speaker 11: included in the email were the likes of the last

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Speaker 11: four digits of the payment card, the expiry date, the

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Speaker 11: card type. There was also the wrong person's email address

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Speaker 11: and full name included. This is the New Year's festival

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Speaker 11: that's moving to christ Church this year after being very

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Speaker 11: popular out near Wipeader since twenty twenty one. Ticketing operator

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Speaker 11: flickt have taken full responsibility for this fault. They do

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Speaker 11: say they immediately disabled all impacted links and have added

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Speaker 11: some safeguards to prevent this from happening again.

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Speaker 2: Goodness, May. How's your weather, Claire.

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Speaker 11: Foggy again today, a bit of low cloud hanging around,

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Speaker 11: but breaking up this afternoon, Light winds and the high

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Speaker 11: will be eleven.

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Speaker 2: All right, Thank you and Max and Wellington. Max. Good morning,

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Speaker 2: Good morning the Loafer's Lodge a Q. We're learning more

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Speaker 2: about this individual. Is the case day one?

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Speaker 9: Yeah yeah, This murder trial now underway in Wellington. No

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Speaker 9: defense of insanity declared, which was suspected by a few people.

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Speaker 9: Five counts of murder accused for lighting the fire that

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Speaker 9: killed five people in twenty twenty three. The Crown alleges

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Speaker 9: this man, who obviously has name Suppression, lit the fire

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Speaker 9: just because he didn't want to live there anymore. He'd

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Speaker 9: been there for a week. He wanted accommodation somewhere else.

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Speaker 9: He lit one fire under a couch, He left the building,

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Speaker 9: residents put that out and when I suppose when he

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Speaker 9: realized the building hadn't burned down, he came back, had

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Speaker 9: to be let back into the building by someone else.

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Speaker 9: He returned to the third floor, and the Crown alleges

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Speaker 9: he took some cushions into a cupboard and lit another

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Speaker 9: fire that would prove deadly. Fire and emergency were called

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Speaker 9: in once black smoke started to fill the building. They

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Speaker 9: managed to rescue a lot of people. We heard from

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Speaker 9: a senior firefighter yesterday they managed to get a lot

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Speaker 9: of people out, but that firefighter believes any on the

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Speaker 9: third floor had basically no chance of surviving. Some early

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Speaker 9: criticism of fire and emergency as well well. Within fire

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Speaker 9: an emergency not having available a taller aerial appliance which

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Speaker 9: might have helped them fight the fire a little better.

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Speaker 9: More than one hundred witnesses to be called over the

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Speaker 9: next five weeks. Okay, how's the weather nex fine today

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Speaker 9: with north least fourteen the high central. Thank you Neivas

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Speaker 9: and Oakland never good morning, good morning. Now it's off

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Speaker 9: to the pub tonight to hear about cutting edge research.

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Speaker 12: Absolutely. So, what is happening Auckland University's free is called

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Speaker 12: Raising the Bar event and it's starting at six pm.

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Speaker 12: What will happen is that the lecturers they're doing twenty

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Speaker 12: talks and ten bars. So the topics include you know,

435
00:22:42,040 --> 00:22:47,600
Speaker 12: any everything from space, laser's, AI, robot surgery everything. Karen

436
00:22:47,640 --> 00:22:49,520
Speaker 12: Thompson is the organizer. She says it's going to be

437
00:22:49,520 --> 00:22:52,200
Speaker 12: a huge range of expertise on display. This is a

438
00:22:52,320 --> 00:22:54,680
Speaker 12: chance for the lecturers to get out the fun way

439
00:22:54,680 --> 00:22:58,359
Speaker 12: of doing it, you know, and to let the public know.

440
00:22:59,119 --> 00:23:00,880
Speaker 12: She says, there's going to be a lot of fun

441
00:23:00,920 --> 00:23:03,800
Speaker 12: things and in particular there's a three D printing professor

442
00:23:03,840 --> 00:23:05,840
Speaker 12: who's going to get people thinking about you know what,

443
00:23:05,960 --> 00:23:08,880
Speaker 12: imagine a future wire your kitchen could be printing your

444
00:23:08,960 --> 00:23:09,679
Speaker 12: steak dinner.

445
00:23:11,320 --> 00:23:15,119
Speaker 2: That's quite cool the idea. Yeah, like a like a

446
00:23:15,240 --> 00:23:16,600
Speaker 2: university lecturer with a beer.

447
00:23:16,800 --> 00:23:18,119
Speaker 12: That's right, exactly.

448
00:23:18,520 --> 00:23:21,679
Speaker 2: What's not to like? Better conversation than probably you'd have

449
00:23:21,760 --> 00:23:24,720
Speaker 2: with your friends at the pub. How's our weather? Neither cloudy?

450
00:23:24,800 --> 00:23:27,240
Speaker 12: Chards for shower. Seventeen is the high here in Auckland,

451
00:23:27,280 --> 00:23:28,960
Speaker 12: but warmer, but warmer today.

452
00:23:28,760 --> 00:23:30,239
Speaker 2: It is nice and warm. There's a bit of a

453
00:23:30,280 --> 00:23:32,479
Speaker 2: cloud cover this morning. Never, thank you, good to see you.

454
00:23:32,520 --> 00:23:34,680
Speaker 2: Eighteen minutes away from six News talks, there'd be we'll

455
00:23:34,720 --> 00:23:37,960
Speaker 2: get to Leslie Yeomans on the mushroom lady. And the

456
00:23:38,040 --> 00:23:39,960
Speaker 2: sentencing is going to happen in a couple of weeks,

457
00:23:39,960 --> 00:23:43,119
Speaker 2: so we'll know how long she gets then. In the meantime,

458
00:23:44,320 --> 00:23:47,560
Speaker 2: I thought it was interesting yesterday to learn what exactly

459
00:23:47,680 --> 00:23:49,960
Speaker 2: is in her cell and I'll tell you what it

460
00:23:50,040 --> 00:23:56,240
Speaker 2: is she has. She's refused the chaplaincy services, but the

461
00:23:56,320 --> 00:24:00,440
Speaker 2: court heard that she has in her cell a straighter

462
00:24:00,480 --> 00:24:03,679
Speaker 2: and a fan, and I thought, man, if you have

463
00:24:03,840 --> 00:24:07,720
Speaker 2: been convicted for murder. I'm just surprised they you have

464
00:24:07,760 --> 00:24:10,200
Speaker 2: a hair straightener and a fan in your prison cell.

465
00:24:10,359 --> 00:24:15,399
Speaker 2: Quite shocked, not only because it's potentially a weapon and

466
00:24:15,480 --> 00:24:19,080
Speaker 2: also potentially a bit dangerous. But whenever she was on

467
00:24:19,119 --> 00:24:21,120
Speaker 2: the outside, it never looked like she'd straightened to her here,

468
00:24:21,840 --> 00:24:24,400
Speaker 2: you know. Anyway, I looked up the New Zealand Corrections

469
00:24:24,440 --> 00:24:28,480
Speaker 2: website to see what exactly you're allowed in a cell

470
00:24:28,640 --> 00:24:32,960
Speaker 2: in New Zealand. It's except in some circumstances, offenders are

471
00:24:33,000 --> 00:24:37,080
Speaker 2: allowed to have certain approved items, including a radio or

472
00:24:37,119 --> 00:24:40,160
Speaker 2: a CD or tape player. So that's taking your way back.

473
00:24:40,800 --> 00:24:43,080
Speaker 2: Good morning if you're listening from the sales this morning,

474
00:24:43,280 --> 00:24:47,399
Speaker 2: an electric jug or a flask, that's surprising. They're allowed

475
00:24:47,400 --> 00:24:50,120
Speaker 2: a fan too. A limited number of books and magazines.

476
00:24:50,320 --> 00:24:52,560
Speaker 2: Well there should be an unlimited number of books. Surely

477
00:24:52,600 --> 00:24:55,600
Speaker 2: that's what you want people in prison to be doing. Anyway.

478
00:24:55,640 --> 00:25:01,040
Speaker 2: You're also allowed some limited personal toilet, tree, sanitary items,

479
00:25:01,040 --> 00:25:02,560
Speaker 2: that kind of stuff, but it all has to be

480
00:25:02,680 --> 00:25:05,840
Speaker 2: checked before prison staff before you take it in. So

481
00:25:05,920 --> 00:25:09,040
Speaker 2: there you go. Seventeen away from six News talk z

482
00:25:09,200 --> 00:25:09,960
Speaker 2: Be Australia.

483
00:25:10,000 --> 00:25:10,280
Speaker 13: Next.

484
00:25:11,359 --> 00:25:15,439
Speaker 2: Smart property investors think in decades, not years. Building a

485
00:25:15,480 --> 00:25:18,520
Speaker 2: strong property portfolio takes time, and it also takes the

486
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Speaker 2: right financial partner. And that's where A and Z comes in.

487
00:25:21,359 --> 00:25:24,960
Speaker 2: They are passionate about empowering kV property investors to achieve

488
00:25:25,000 --> 00:25:29,440
Speaker 2: their goals, their ambitious goals, long term goals. Whether you're

489
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Speaker 2: acquiring your first investment property or whether you're in existing

490
00:25:32,840 --> 00:25:36,879
Speaker 2: and you're diversifying, A and Z delivers the specialist support

491
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Speaker 2: and the financial solutions that you need. Big news for investors,

492
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Speaker 2: A and Z has introduced a ten year interest only

493
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Speaker 2: repayment on home loans that could help you manage your

494
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Speaker 2: property investment strategies. For some investors, choosing interest only repayments

495
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496
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Speaker 2: maximize your tax benefits as well, so there's lots to it.

497
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Speaker 2: A and z's mobile mortgage managers bring deep market knowledge,

498
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Speaker 2: innovative thinking, and competitive rates to their client relationships. A

499
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Speaker 2: and Z provides the financial foundation that could help you

500
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Speaker 2: build a property investment portfolio for the long run. Search

501
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Speaker 2: A and Z Property investment to find out how A

502
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503
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Speaker 2: teas and season fees apply minimum thirty percent deposit may

504
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505
00:26:24,320 --> 00:26:28,200
Speaker 1: International correspondence with ENZ and Eye Insurance, Peace of Mind

506
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Speaker 1: for New Zealand business.

507
00:26:30,080 --> 00:26:33,040
Speaker 2: Third thing to six, Let's go to Australia. Leslie yeomans

508
00:26:33,080 --> 00:26:35,760
Speaker 2: Our Australia correspondent with us this morning, Leslie, Good morning.

509
00:26:36,440 --> 00:26:37,040
Speaker 10: Morning Ryan.

510
00:26:37,240 --> 00:26:40,439
Speaker 2: Now the Aaron Patterson in court. A lot of attention

511
00:26:40,560 --> 00:26:43,359
Speaker 2: paid to the fact it's the mushroom lady in court,

512
00:26:43,520 --> 00:26:48,320
Speaker 2: but actually the victims yesterday spoke and the sole survivors spoke.

513
00:26:48,400 --> 00:26:49,879
Speaker 2: It was quite heartbreaking stuff.

514
00:26:50,760 --> 00:26:53,760
Speaker 14: It was very, very emotional. It was the start of

515
00:26:53,760 --> 00:26:58,200
Speaker 14: a two day pre sentence hearing for Aaron Patterson and

516
00:26:58,520 --> 00:27:02,320
Speaker 14: the pre sentence hearing gives people who were affected by

517
00:27:02,359 --> 00:27:07,720
Speaker 14: the crime the chance to present their impact victim impact statements.

518
00:27:08,160 --> 00:27:12,280
Speaker 14: Now among them yesterday was survivor of that fateful dinner

519
00:27:12,359 --> 00:27:17,119
Speaker 14: that Ian Wilkinson who lost his wife Heather, Gail and

520
00:27:17,200 --> 00:27:21,280
Speaker 14: John Patterson and sorry he lost his wife Heather and

521
00:27:21,400 --> 00:27:24,399
Speaker 14: Gale and Don Patterson also died after eating the poison

522
00:27:24,440 --> 00:27:28,159
Speaker 14: beef Wellington that was prepared by Patterson back in twenty

523
00:27:28,240 --> 00:27:33,639
Speaker 14: twenty three. Now Patterson also became emotional while Ian Wilkinson

524
00:27:33,760 --> 00:27:38,960
Speaker 14: was reading out his statement where he spoke about his

525
00:27:39,440 --> 00:27:43,879
Speaker 14: wife Heather and how he missed her, but he also

526
00:27:44,240 --> 00:27:50,640
Speaker 14: then forgave Patterson and that that was a very emotional

527
00:27:50,680 --> 00:27:55,400
Speaker 14: time because he said he didn't want to become her victim.

528
00:27:55,560 --> 00:27:58,960
Speaker 14: He wanted to take that away from her. He wanted

529
00:27:58,960 --> 00:28:05,840
Speaker 14: to be the Now Patterson's estranged husband, Simon, also prepared

530
00:28:05,880 --> 00:28:09,800
Speaker 14: a statement for the court. He wasn't present. It was

531
00:28:09,880 --> 00:28:15,280
Speaker 14: presented for him on his behalf and he expressed his sadness,

532
00:28:15,320 --> 00:28:19,240
Speaker 14: had how he missed his parents and his aunt more

533
00:28:19,280 --> 00:28:22,840
Speaker 14: than words can express, and how his children were also

534
00:28:23,040 --> 00:28:28,800
Speaker 14: suffering from that day and Patterson's actions. Now Patterson is

535
00:28:28,840 --> 00:28:34,560
Speaker 14: facing life in prison. A date for her sentence could

536
00:28:34,600 --> 00:28:39,600
Speaker 14: be set on about September eighth, and that's when her

537
00:28:39,680 --> 00:28:43,600
Speaker 14: team and she will have time, have twenty eight days

538
00:28:43,640 --> 00:28:46,440
Speaker 14: given to them then where they will decide if they're

539
00:28:46,480 --> 00:28:49,320
Speaker 14: going to prepare for an appeal.

540
00:28:50,640 --> 00:28:53,840
Speaker 2: Appreciate your time. Leslie Yeoman's our Australia correspondent with an

541
00:28:53,880 --> 00:28:58,200
Speaker 2: update on the Aaron Patterson trial. Sorry are sentencing there

542
00:28:58,240 --> 00:29:02,600
Speaker 2: It is ten to six. The arbian Z's giving capitals

543
00:29:02,640 --> 00:29:05,160
Speaker 2: a second lock. This is for the banks after pressure

544
00:29:05,200 --> 00:29:07,760
Speaker 2: from the government looking at easing the requirements so banks

545
00:29:07,760 --> 00:29:10,040
Speaker 2: don't have to lock away as much from emergencies. Could

546
00:29:10,080 --> 00:29:13,320
Speaker 2: free up money for home loan, small business lending, farmers.

547
00:29:13,320 --> 00:29:15,680
Speaker 2: That sort of stuff. Could also give smaller banks a

548
00:29:15,720 --> 00:29:18,760
Speaker 2: shot at competing with the big players. Sam Stubbs simplicity

549
00:29:18,760 --> 00:29:21,760
Speaker 2: founded with me this morning, Sam, Good morning, good a Ryan.

550
00:29:21,800 --> 00:29:22,640
Speaker 13: How are you making good?

551
00:29:22,680 --> 00:29:27,160
Speaker 2: Thank you? Does this really make the system potentially make

552
00:29:27,200 --> 00:29:28,240
Speaker 2: the system riskier?

553
00:29:30,000 --> 00:29:34,520
Speaker 13: Are in a very very small way. The Reserve Bank

554
00:29:34,560 --> 00:29:37,400
Speaker 13: will still maintain extremely close control over anyone who calls

555
00:29:37,440 --> 00:29:40,520
Speaker 13: themselves a bank and takes deposits. One of the interesting

556
00:29:40,520 --> 00:29:42,920
Speaker 13: thing about banking, Ryan, is anyone can make a loan.

557
00:29:43,040 --> 00:29:44,440
Speaker 13: You don't have to be a bank to make a loan,

558
00:29:44,480 --> 00:29:45,880
Speaker 13: but you do have to be a bank to take

559
00:29:45,880 --> 00:29:49,200
Speaker 13: a deposit. And they've lowered the requirements. You've got to

560
00:29:49,200 --> 00:29:51,360
Speaker 13: put up five million dollars, not thirty million dollars, but

561
00:29:51,400 --> 00:29:54,240
Speaker 13: that will be of capital, but that'll be very very

562
00:29:54,240 --> 00:29:56,280
Speaker 13: tightly monitored, and it will actually cost a lot more

563
00:29:56,320 --> 00:29:59,120
Speaker 13: than that to run something called a bank. So at

564
00:29:59,160 --> 00:30:01,520
Speaker 13: the margin, years are not not really so.

565
00:30:01,640 --> 00:30:04,080
Speaker 2: The current rules well, they look to be a bit

566
00:30:04,120 --> 00:30:06,960
Speaker 2: harsh when you compare them to our countries. We like

567
00:30:07,000 --> 00:30:08,200
Speaker 2: to compare ourselves.

568
00:30:07,840 --> 00:30:15,000
Speaker 13: To sort of. I mean, we've got very safe banks,

569
00:30:15,000 --> 00:30:18,120
Speaker 13: but we've also got massively profitable banks. And you know,

570
00:30:18,280 --> 00:30:20,720
Speaker 13: I read these recommendations. To be honest with you, it

571
00:30:20,760 --> 00:30:22,479
Speaker 13: feels to me like the Reserve Bank we're having their

572
00:30:22,520 --> 00:30:24,400
Speaker 13: own twisted. That they don't really want to do this,

573
00:30:24,520 --> 00:30:27,160
Speaker 13: but the politicians have been lobbied very effectively by the

574
00:30:27,200 --> 00:30:30,400
Speaker 13: banks into saying, look, you know, we need to have

575
00:30:30,440 --> 00:30:33,480
Speaker 13: lower cost of capital. In the history of banking in

576
00:30:33,560 --> 00:30:35,760
Speaker 13: New Zealand is as soon as banks say costs, they

577
00:30:35,760 --> 00:30:37,760
Speaker 13: actually take it straight to their profit. They don't give

578
00:30:37,760 --> 00:30:39,440
Speaker 13: it back to the customers. You know, you've seen that

579
00:30:39,480 --> 00:30:42,600
Speaker 13: with bank branches. For example, your mortgage didn't go down

580
00:30:42,640 --> 00:30:44,440
Speaker 13: because they were saving a whole lot of money closing

581
00:30:44,880 --> 00:30:48,280
Speaker 13: closing rural branches. So this is something the banks want,

582
00:30:48,360 --> 00:30:50,000
Speaker 13: so you have to be very suspicious of it. They

583
00:30:50,040 --> 00:30:52,160
Speaker 13: lobbied very heavily for this. You've got to ask themselves

584
00:30:52,200 --> 00:30:54,800
Speaker 13: what's their motivation. I doubt their motivation is going to

585
00:30:54,840 --> 00:30:57,480
Speaker 13: be lower mortgages and higher term deposits. I think this

586
00:30:57,600 --> 00:31:00,520
Speaker 13: is a way of them seeing how they another way

587
00:31:00,520 --> 00:31:03,360
Speaker 13: of increasing their their profits and In fact, the Reserve

588
00:31:03,400 --> 00:31:06,760
Speaker 13: Bank themselves said, look, these recommendations we're making, or you're

589
00:31:06,760 --> 00:31:10,240
Speaker 13: asking us to make, might save people maybe six one

590
00:31:10,320 --> 00:31:13,440
Speaker 13: hundreds to fourteen one hundreds of one percent in their

591
00:31:13,440 --> 00:31:15,320
Speaker 13: mortgage rate. So it's going to make a very very

592
00:31:15,320 --> 00:31:18,480
Speaker 13: small difference at the margin, if at all. I personally

593
00:31:18,480 --> 00:31:20,520
Speaker 13: think the banks will take this to profit. You know,

594
00:31:20,760 --> 00:31:24,800
Speaker 13: they've already had very high capital requirements recently, and what

595
00:31:24,840 --> 00:31:26,560
Speaker 13: have they done. You've seen their profits go up, so

596
00:31:26,600 --> 00:31:29,160
Speaker 13: we'll imagine what they'll do if their cost of doing

597
00:31:29,200 --> 00:31:31,680
Speaker 13: business goes down. Do you really trust them to give

598
00:31:31,680 --> 00:31:35,480
Speaker 13: that back to the consumer? I don't. Good point.

599
00:31:35,680 --> 00:31:38,760
Speaker 2: Good point, Sam, Appreciate your time, Sam Stubbs, Simplicity Founder

600
00:31:39,120 --> 00:31:41,840
Speaker 2: with some context. Eight to six news talks, there be

601
00:31:42,040 --> 00:31:44,040
Speaker 2: Marke next the.

602
00:31:44,040 --> 00:31:47,120
Speaker 1: News you Need this morning and the in depth analysis

603
00:31:47,240 --> 00:31:51,240
Speaker 1: Early edition with Ryan Bridge and One Room Love where

604
00:31:51,280 --> 00:31:51,600
Speaker 1: you Live.

605
00:31:51,880 --> 00:31:53,959
Speaker 2: News talks, they'd be five to six news talks. There

606
00:31:54,080 --> 00:31:56,840
Speaker 2: be TVNS is upward Sky for the fifth of World

607
00:31:56,840 --> 00:32:00,160
Speaker 2: Cup next year, and this means that they're going to

608
00:32:00,240 --> 00:32:02,800
Speaker 2: subscriber function, so you'll have to pay to watch it.

609
00:32:02,840 --> 00:32:04,800
Speaker 2: Mike's in the studio with us, Mike Love to know

610
00:32:04,840 --> 00:32:05,800
Speaker 2: what you think that.

611
00:32:06,080 --> 00:32:08,360
Speaker 15: I will be having the CEO on this morning. What

612
00:32:08,480 --> 00:32:11,960
Speaker 15: I think about this is interesting because they don't I mean,

613
00:32:11,960 --> 00:32:13,920
Speaker 15: I'm not accusing them of anything, but how did they

614
00:32:13,920 --> 00:32:15,960
Speaker 15: do their numbers? So you've got a bunch of free stuff,

615
00:32:16,000 --> 00:32:17,560
Speaker 15: so the all whites will be free. That's where your

616
00:32:17,600 --> 00:32:19,040
Speaker 15: real money is, right, So if you put the all

617
00:32:19,040 --> 00:32:21,600
Speaker 15: whites behind a paywall, so that's free, so they're making

618
00:32:21,640 --> 00:32:24,600
Speaker 15: no money from that. They're then relying on what your

619
00:32:24,720 --> 00:32:27,360
Speaker 15: obsessives who buy the whole package. So in other words,

620
00:32:27,360 --> 00:32:29,560
Speaker 15: you buy the package for the whole World Cup and

621
00:32:29,680 --> 00:32:32,800
Speaker 15: you're the expats, so the poems will buy the poems,

622
00:32:32,920 --> 00:32:34,880
Speaker 15: et cetera. And so that's where your money. So how

623
00:32:34,960 --> 00:32:37,040
Speaker 15: much do you bring in do you think, because that's

624
00:32:37,120 --> 00:32:40,000
Speaker 15: guesswork versus how much did you bid in the first place?

625
00:32:40,000 --> 00:32:41,600
Speaker 15: And did you bid too much to get the rights?

626
00:32:41,600 --> 00:32:43,520
Speaker 15: And did you get carried away? Did the emotion come

627
00:32:43,520 --> 00:32:45,520
Speaker 15: into it? You know what I'm saying. They're not experts

628
00:32:45,560 --> 00:32:48,200
Speaker 15: in the field. Skycrack Sky do this all the time.

629
00:32:48,520 --> 00:32:49,480
Speaker 15: They'll know what it's worth.

630
00:32:49,520 --> 00:32:52,960
Speaker 2: What about the idea of a company that the taxpayer

631
00:32:53,120 --> 00:32:55,280
Speaker 2: owns bidding in charge?

632
00:32:55,280 --> 00:32:57,440
Speaker 15: You've got nothing to do with it, because at the

633
00:32:57,520 --> 00:33:00,160
Speaker 15: end of the day, they're a commercial entity and they've

634
00:33:00,160 --> 00:33:01,680
Speaker 15: got to make some money, and they're on the cusp

635
00:33:01,720 --> 00:33:03,880
Speaker 15: of making money or not making money depending on what's

636
00:33:03,920 --> 00:33:05,800
Speaker 15: going on in the economy at any given time. And

637
00:33:05,840 --> 00:33:08,080
Speaker 15: it's the future. And so what you're going to find

638
00:33:08,120 --> 00:33:10,800
Speaker 15: which I find because I'm an NFL fan right and

639
00:33:10,840 --> 00:33:13,440
Speaker 15: the way that the NFL is splitting their sport up

640
00:33:13,480 --> 00:33:15,440
Speaker 15: at the moment and the different operators and where you

641
00:33:15,480 --> 00:33:17,040
Speaker 15: have to go and what you pay and how you

642
00:33:17,080 --> 00:33:19,320
Speaker 15: do it is becoming a nightmare asum.

643
00:33:19,480 --> 00:33:23,160
Speaker 2: We're same with just watching a movie or watching you

644
00:33:23,160 --> 00:33:24,960
Speaker 2: need one hundred different substrict exactly.

645
00:33:25,040 --> 00:33:26,400
Speaker 15: So you'll you'll need if you want to watch the

646
00:33:26,400 --> 00:33:27,840
Speaker 15: World Cup, you've got to have TV and Z will

647
00:33:27,880 --> 00:33:30,240
Speaker 15: pay team in Z. But is that ESPN or is

648
00:33:30,240 --> 00:33:33,240
Speaker 15: it the BBC or is it Sky Television or is

649
00:33:33,240 --> 00:33:35,960
Speaker 15: it Disney and so it goes, So anyway, will talk

650
00:33:35,960 --> 00:33:36,480
Speaker 15: to her about that.

651
00:33:36,520 --> 00:33:39,280
Speaker 2: I mean, good on them. Yeah, they're doing something exactly,

652
00:33:39,400 --> 00:33:40,240
Speaker 2: so they need to.

653
00:33:40,200 --> 00:33:42,560
Speaker 15: Be competitive in the ever changing landscape.

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Speaker 2: So we'll talk to her after seven o'clorellion mic is

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Speaker 2: with your next Have a fantastic day. Everybody. I will

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Speaker 2: be back tomorrow at five See Then.

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Speaker 13: For more.

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Speaker 1: Fam earlier edition with Ryan Bridge. Listen live to News

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Speaker 1: Talk SETB from five am weekdays, or follow the podcast

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Speaker 1: on iHeartRadio