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Speaker 1: Pressing the newsmakers to get the real story.

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Speaker 2: It's Heather Duper c Ellen drive with One New Zealand

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Speaker 2: to coverage like no one else News Talks Evy.

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Speaker 3: Afternoon. Welcome to the show coming up today, Simon. What's

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Speaker 3: the Energy Minister is in studio talking through the government's

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Speaker 3: energy reform plan out today. Nick Russell, friend of Nigel Latter,

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Speaker 3: paying tribute to the Man and Act, wants students who

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Speaker 3: are forced to take and pay for those Auckland University

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Speaker 3: Malori courses to be refunded.

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Speaker 1: Heather due for ce Ellen, Well, if you were.

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Speaker 3: Looking forward to today to learn how the government would

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Speaker 3: rescue the country from the energy crisis we face, you

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Speaker 3: are already disappointed by now because you've looked at it

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Speaker 3: and you've seen there's nothing here. There is nothing here

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Speaker 3: that is going to stop us going through what we

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Speaker 3: are going through right now, which is for months and

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Speaker 3: months every winter for the last two winters, the closing

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Speaker 3: down of mills, extremely high power bills, running out of gas.

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Speaker 3: All of that's going to continued. The disappointing thing is

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Speaker 3: that we have waited two whole winters for this package

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Speaker 3: of ideas, and yet the best idea seems to me

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Speaker 3: to be a kooky idea, which is the government maybe

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Speaker 3: backing the construction of an alerng import terminal, which was

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Speaker 3: an idea that sounded great last winter, but in the

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Speaker 3: months since when we've actually had a look at the

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Speaker 3: thing and had some reports done, it has been debunked

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Speaker 3: for being quite expensive for not a lot of gain.

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Speaker 3: It would cost somewhere to set up one of these terminals,

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Speaker 3: most likely at the port of Taranaki. It would cost

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Speaker 3: somewhere between two hundred million dollars and a billion dollars,

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Speaker 3: which is not money that we have. The gas that

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Speaker 3: we would then import from offshore to basically make up

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Speaker 3: for the shortage of gas that we have in the

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Speaker 3: country at the moment, would be expensive. It would be

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Speaker 3: very expensive gas. Have a look at what you pay

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Speaker 3: for your gas right now, add twenty five percent to that.

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Speaker 3: The second best idea in this seems to be the

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Speaker 3: government throwing tax payer money at the partially owned gent

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Speaker 3: tailor's in order that they can raise capital to build

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Speaker 3: more generation, which is not capital that they appear to

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Speaker 3: be asking for. They do not seem to have a

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Speaker 3: shortage of money, as evidenced by the fact that they

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Speaker 3: keep paying out massive dividends. The upshot for all of this,

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Speaker 3: as in, how much are we going to save? Simon

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Speaker 3: wats reckons he might be able to drop power prices

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Speaker 3: by two percent a year. Two percent. Now, I'll tell

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Speaker 3: you the problem with this plan is that it appears

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Speaker 3: and from what I hear, they haven't spent much time

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Speaker 3: understanding the problem and thus understanding what it would take

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Speaker 3: to fix it properly. So what they've done is, in haste,

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Speaker 3: cobbled together a series of what sound like maybe decent

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Speaker 3: announcements if you're half listening, but really things that will

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Speaker 3: not do that much. Unfortunately for them, we have an

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Speaker 3: energy crisis and it is massive. It is probably the

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Speaker 3: biggest thing that is facing business in this country right now,

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Speaker 3: A crisis of the size demands a proper fix. This

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Speaker 3: is becoming a theme for this government, having lots of

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Speaker 3: really big things to deal with and they're not really

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Speaker 3: dealing with them properly. This is not really a fix. So, unfortunately,

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Speaker 3: and I'm so sorry to say this, strap yourself in

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Speaker 3: because it looks like for next winter, in the winter's

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Speaker 3: to come, the de industrialization of New Zealand will.

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Speaker 1: Continue Heather, duper se aled.

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Speaker 3: Is the text number standard text resupplier. As I say, Simon,

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Speaker 3: what's this going to be? With us after five o'clock

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Speaker 3: to took us through this now? Firefighters are not happy.

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Speaker 3: They claim that the new fire trucks that have been

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Speaker 3: bought by FENS are too small for all their life

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Speaker 3: saving gear. Fenns has spent millions on twenty eight new trucks,

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Speaker 3: but the crews say that the lockers are about twenty

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Speaker 3: percent smaller than they used to be and they're considering

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Speaker 3: cutting holes in them to make more room. Meghan Stiffler

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Speaker 3: is the FENS Deputy National Commander and with us, Hey,

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Speaker 3: Megan cure, Heather, how are you? Yeah, well, thank you? Okay,

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Speaker 3: So are they right? Are the lockers smaller?

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Speaker 4: We have twenty eight new trucks that have landed in

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Speaker 4: New Zealand. Eleven of those are used for specialist rescue trucks.

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Speaker 4: And when we did our testing there is some equipment

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Speaker 4: that isn't suitable for the new design. So we are

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Speaker 4: working with our crews currently on identifying why the infantry

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Speaker 4: is different and how we can best fix that for them. Yeah,

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Speaker 4: so that's what we're up to at the moment.

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Speaker 3: What inventory list is different? What does that mean?

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Speaker 4: Well, what we do is with every fire truck we

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Speaker 4: have a standard inventory to ensure that every community gets

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Speaker 4: the same response. With the inventory that was put together

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Speaker 4: with the working group, there were some items that weren't

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Speaker 4: listed on that and that's the bit that I'm working

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Speaker 4: with fire crews at the moment is to understand why

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Speaker 4: they weren't on the list and if they are required,

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Speaker 4: how I can best meet their needs by having the desires?

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Speaker 3: Are you saying, Megan that when you guys bought the trucks,

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Speaker 3: you bought them for a specific list of gear that

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Speaker 3: would go in there. But now that the trucks have arrived,

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Speaker 3: the guys, the firefighters want to chuck more gear in.

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Speaker 4: Not that they want to truck gear in Heather. I

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Speaker 4: think we have specialist rescue crews that have you know

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Speaker 4: what I mean, identify you.

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Speaker 3: Had bought trucks for X number of of bits of

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Speaker 3: gear and now there are more bits of gear that

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Speaker 3: need to go on the trucks. Apparently, is that what's happening?

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Speaker 4: Yeah, eleven of the twenty eight we have identified needs

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Speaker 4: some more space and that's what we're working with our

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Speaker 4: crews on.

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Speaker 3: So this is a firefighters problem. They should have given

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Speaker 3: you a better list.

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Speaker 4: Oh no, No, this is an organizational problem that we're

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Speaker 4: going to solve with our frontline firefighters.

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Speaker 3: Host fault is this.

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Speaker 4: I'd like to think of it as a solution rather

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Speaker 4: than false. I think if we work together.

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Speaker 3: What a crop come off us. If you're buying, you

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Speaker 3: stop it, megan. If you're buying like you are the

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Speaker 3: firefighters who need to save our lives. If you're buying

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Speaker 3: fire trucks that are too small, somebody made a mistake.

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Speaker 3: Who made the mistake? Come on, they voted it.

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Speaker 4: They're not too Yeah, I just want to clarify. Those

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Speaker 4: eleven fire trucks that we're talking about are fit for

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Speaker 4: purpose for the normal fire pump. So all we're doing

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Speaker 4: is adjusting our schedule and putting eleven brand new trucks

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Speaker 4: into communities that ownly.

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Speaker 5: But it isn't the.

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Speaker 3: Problem that they're leaving off all this life saving equipment

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Speaker 3: that they would need, Like I don't know, jaws of

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Speaker 3: life stuff to cut people out of car crashes. Isn't

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Speaker 3: that a sand stuff?

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Speaker 4: Not for the standard pump. That's what I'm saying, Like

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Speaker 4: we've got twenty eight brand new trucks.

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Speaker 3: But you guys don't just fight fires, right, you go

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Speaker 3: and save people from car crashes as well. You need

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Speaker 3: tours of course.

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Speaker 4: And those standard fire trucks that i'm talking about have

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Speaker 4: standard equipment. It's the really specialist equipment that we're talking

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Speaker 4: about that. So there would be extra chains for snow

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Speaker 4: conditions on rescue pumps. There's some extra lifting equipment for

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Speaker 4: those that are located in train areas where we've got

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Speaker 4: cargo that help lift trucks if they go over a car.

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Speaker 4: So those twenty eight trucks aren't wasted. They're actually going

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Speaker 4: out into community over the next couple of weeks and

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Speaker 4: they'll be well received by those crews.

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Speaker 6: Right.

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Speaker 3: And have you managed to fix that situation where you

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Speaker 3: had the firefighters sitting in a tray above a big

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Speaker 3: fire and they couldn't get down because the ladder had

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Speaker 3: broken or something like that.

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Speaker 4: Yeah, what we found with that is the firefighters did

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Speaker 4: an amazing job in using their May day call to

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Speaker 4: say that they had a problem, and we went through

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Speaker 4: our normal procedures. And we've just spent twelve million dollars

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Speaker 4: on five new aerials that are currently being made in

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Speaker 4: Wellington and in Brisbane and they'll be delivered this financial year.

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Speaker 4: So you know, our firefighters will have twelve million dollars

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Speaker 4: worth of aerials in their hands by the end of

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Speaker 4: this financial.

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Speaker 3: So they're not going to get stuck up in the

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Speaker 3: bucket above a fire again.

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Speaker 4: No, and keeping in mind they're complex pieces of equipment, Heather,

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Speaker 4: that's why we've got all those procedures in place because

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Speaker 4: things can go wrong.

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Speaker 3: With those mean, did I just hear that you guys

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Speaker 3: that your firefighters going on strike as well in a

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Speaker 3: couple of weeks.

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Speaker 4: They have given us notice today and.

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Speaker 3: It all got isn't it.

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Speaker 7: Yeah, it is.

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Speaker 4: We've been in negotiations with the union for twelve months.

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Speaker 4: In September when we were bargaining, we indicated that next

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Speaker 4: week we'd be bringing back a revised settlement. So we're

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Speaker 4: a little disappointed that notices come in today, but we'll

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Speaker 4: work through it and to me, we need to get

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Speaker 4: a resolution so our firefighters can get on with their

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Speaker 4: job and do the best thing that they can do.

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Speaker 3: All right, Meghan, Hey, thanks for your time. Megan Stiffler,

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Speaker 3: the FENS Deputy National Commander now SAD to say it's official.

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Speaker 3: Nicole has filed for divorce from Keith after nineteen years

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Speaker 3: of marriage, because yesterday we'd heard TMZ had broken the

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Speaker 3: news that they were separating, like everybody's normal, Like famous

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Speaker 3: but normal couple separated yesterday. Today filed for divorce. Nicole

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Speaker 3: had been petitioned today to end the marriage in a

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Speaker 3: Nashville court, and the filing states the marriage has suffered

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Speaker 3: irreconcilable differences. Gossip is well. I don't like to repeat gossip,

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Speaker 3: but once the gossip hats the news, it's not really

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Speaker 3: goss any more, is it. It's just news. He's got

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Speaker 3: a new bird and she's a lot younger for sixteen.

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Speaker 2: It's the Heather Dupissy Allen Drive Full Show podcast on

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Speaker 2: iHeartRadio powered Blaye News Talk Z.

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Speaker 3: Behither that fire lady made my day. The may Day works.

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Speaker 3: It's good thing. May Day works when you're stuck up

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Speaker 3: there above the fire getting getting sizzled, isn't it? Nineteen

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Speaker 3: past four Sport.

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Speaker 2: With the Tap app download and get your bed on

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Speaker 2: R eighteen bit Responsibility.

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Speaker 3: Darcy water Grave Sports Talk Coasters back.

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Speaker 8: That's all it does, Heather the Duples Allen, host of

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Speaker 8: the eponymous program headed duples Allen Drive.

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Speaker 5: Now we know who we are. How are you?

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Speaker 3: Your vocab is always surprisingly large, is it? Yeah?

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Speaker 9: Why do you say that?

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Speaker 5: I'm well read?

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Speaker 3: Yeah, but you're still a bogan.

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Speaker 5: Yeah, I'm still a bogan. The V eight's my singlets

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Speaker 5: and my bogan and chokes?

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Speaker 8: How is a packer lung dats lung DUTs?

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Speaker 3: Hey? How are we looking for that T twenty tonight?

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Speaker 5: Well, whether apparently it's got be okay, we'll see.

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Speaker 8: I think that this three match series will be one

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Speaker 8: two to one to the weather and Ossie made when

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Speaker 8: the first one. It's not looking good over the weekend,

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Speaker 8: but look seven fifteen, it's not poor scorn upon it

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Speaker 8: nor rain. The worst thing about this is one of

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Speaker 8: the potential greats of the game if you read but

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Speaker 8: everyone's written in Indeed, you've seen him better in Revenger

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Speaker 8: and he what happens Last's face? It was diving for

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Speaker 8: a catch, I believe, and he hits a bit of

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Speaker 8: advertising hoarding.

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Speaker 5: What here?

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Speaker 10: Hello?

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Speaker 3: I don't know why, but I went underwater diving for

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Speaker 3: a catch. It sounded like he was diving for a

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Speaker 3: fish catch. Now I understand, though, how badly.

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Speaker 9: Did he cuss it spear fishing?

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Speaker 1: Yeah, quite bad.

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Speaker 5: I'd say it's gonna tried right through his cheek.

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Speaker 8: Well, they say it is a major laceration to his face.

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Speaker 3: Beautiful face to have cussed as well.

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Speaker 8: Okay, yeah, I'll just take your word on that one

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Speaker 8: here that yeah, wait, we're.

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Speaker 5: More concerned about his abilit in the park then gone,

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Speaker 5: but gone for the whole series. It must be a

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Speaker 5: serious laceration.

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Speaker 8: That'sense and it's a team that's lost some of its

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Speaker 8: heavy headers. Anyway, Mitchell Santon's not there, came Williamson and

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Speaker 8: turn up. There's no surprise for that.

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Speaker 5: Clinton Phillips is a gon Berger, so he not around me.

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Speaker 5: So there's it's lacking.

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Speaker 8: But in saying that, the depth of New Zealand short

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Speaker 8: version cricket is what it's.

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Speaker 5: We're talking about fishing, spear fishing. It's Marianna trench, trench deep.

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Speaker 5: I'd say there's a lot of very sharp players for

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Speaker 5: this New Zealand side. So how they come against the

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Speaker 5: old foe I will find it at seven fifteen, that's

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Speaker 5: when that starts. You can listen to that with those

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Speaker 5: reckless fellow Bogans. The acc fos of their commentary as

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Speaker 5: as loose as they come.

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Speaker 3: And then the White fans.

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Speaker 5: Yeah, that's at.

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Speaker 8: Ten thirty tonight and they too are playing Australia. It's

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Speaker 8: the opening game of the Women's World Cup. And I

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Speaker 8: was working for rock radio last time, the White fence.

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Speaker 3: You're just reinforcing your Bogan credentials.

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Speaker 8: Yeah, yeah, no, no, no, you know I've cut my

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Speaker 8: teeth in rock radio and a couple of different rock

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Speaker 8: radio stations on my dad. See I've got the voice, right, yeah, yeah,

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Speaker 8: see bird Bogan and chokes and darts. But it's such

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Speaker 8: a long time ago. The social media feed though, the

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Speaker 8: White fan's been amazing. But when they announced the team,

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Speaker 8: they're corresponding numbers from that twenty twenty team, handed the

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Speaker 8: jerseys out, they.

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Speaker 5: Had it all on the little Instagram feed. It was cool.

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Speaker 8: So Melie Kurz joining the show tonight to talk about

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Speaker 8: this game gets underway at ten thirty up against the Ossie.

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Speaker 5: She's definitely one of the senior members of the team.

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Speaker 8: She's so senior in fact, she's hasn't even turned twenty five.

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Speaker 3: Wow, that's incredible life.

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Speaker 5: She was even born when they last won.

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Speaker 3: The World cups making me feel old. Darcy, thank you,

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Speaker 3: looking forward to your show this evening. Darcy Walter Grave

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Speaker 3: will be back at seven.

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Speaker 5: Avel and I know who you are because you do listen.

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Speaker 5: I get texts thank you.

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Speaker 3: Here the welcome back for Sports Talk for twenty two.

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Speaker 1: The name you.

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Speaker 2: Trust to get the answers you need, it's Heather Duplicy

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Speaker 2: Ellen Drive with one New Zealand coverage like no one

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Speaker 2: else News talk.

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Speaker 1: There'd be ah listen.

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Speaker 3: The American government shut down. The US government shutdown could

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Speaker 3: be happening at five oh one, so we're only about

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Speaker 3: what let me do my mats thirty six minutes away

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Speaker 3: from that, so stand by for that. We're going to

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Speaker 3: talk to Jonathan Cursley about it shortly. Obviously, sad news

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Speaker 3: today that Nigel latter has passed away. He passed away yesterday.

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Speaker 3: Seems to have gone downhill really quickly. He went to

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Speaker 3: his oncologist last Wednesday. The oncologist said his body couldn't

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Speaker 3: take the treatment anymore, so the treatment was stopped. He

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Speaker 3: accepted it. He went to hospice last week, passed away

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Speaker 3: yesterday and as I say, fifty eight years old, we're

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Speaker 3: gonna have a chat to Nick Russell, who's one of

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Speaker 3: his friends. Will be with us after five o'clock. It's

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Speaker 3: for twenty six. Now do you remember the big meeting

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Speaker 3: of the American generals that was called We've had it,

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Speaker 3: and it's probably not of the gravity that we were expecting,

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Speaker 3: like I thought, oh we're here, we were preparing for

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Speaker 3: war with China. No, it was about fitness standards. Pete

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Speaker 3: Higseth gave a speech about it, said, fat generals are gone.

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Speaker 11: It's tiring to look out at combat formations or really

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Speaker 11: any formation and see fat troops. Likewise, it's completely unacceptable

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Speaker 11: to see fat generals and admirals in the wholes of

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Speaker 11: the Pentagon.

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Speaker 3: So what they're going to do is they're going to

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Speaker 3: have everybody do the male fitness tests, and if the

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Speaker 3: women can't do the male fitness tests, tough luck, they're out.

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Speaker 3: All staff will be weighed twice a year, and beard's

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Speaker 3: are banned.

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Speaker 11: Superficial individual expression. We're gonna cut our hair, shave our beards,

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Speaker 11: and in her standards. We don't have a military full

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Speaker 11: of Nordic pagans.

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Speaker 3: He said that there will be no more beard os.

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Speaker 3: He also said he's undertaking a full review of the

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Speaker 3: Department's definitions of so called toxic leadership, bullying and hazing.

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Speaker 3: To empower leaders to enforce standards without fear of retribution

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Speaker 3: or second guessing drool. Sergeants will be empowered to instill

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Speaker 3: healthy fear and new recruits, ensuring that future wall fighters

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Speaker 3: are forged. Yes, they can toss bunks, they can swear,

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Speaker 3: they can put their hands on recruits.

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Speaker 11: No more identity months, DEI officers dudes in dresses. As

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Speaker 11: I've said before, and we'll say again, we are done

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Speaker 11: with that shit.

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Speaker 3: And Donald Trump was there and he was unnerved by

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Speaker 3: the lack of clapping.

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Speaker 12: I've never walked into a room so so and before

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Speaker 12: this is very don't left.

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Speaker 1: Don't know if you're not allowed to do that. You know,

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Speaker 1: we just have a good time. And if you want

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Speaker 1: to applaud, you applaud.

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Speaker 12: And if you want to do anything you want, you

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Speaker 12: can do anything you want. And if you don't like

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Speaker 12: what I'm saying, you can leave the room. Of course,

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Speaker 12: there goes your rank, there goes your future.

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Speaker 3: So at least they laughed.

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Speaker 13: They're not.

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Speaker 3: Actually the reason they didn't clap is because they're not

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Speaker 3: actually supposed to clap because they're generals and they're supposed

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Speaker 3: to be sort of, you know, non political. But anyway,

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Speaker 3: whatever of it that doesn't that kind of convention is

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Speaker 3: not in Donald Trump's vocabulary. Obviously, It's gone down as

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Speaker 3: possibly the birdest speech given in the history of speeches

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Speaker 3: in America. So we'll have a chat to Jonathan Kursley

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Speaker 3: about that when he's with us shortly. News Talks dB.

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Speaker 2: On your smart speaker, on the iHeart app and in

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Speaker 2: your car on your drive home it's Heather duplic Ellen

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Speaker 2: drive with one New Zealand had the power of satellite

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Speaker 2: mobile News Talk said, be.

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Speaker 14: I remember when we were driving driving in your car

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Speaker 14: speed the fast fell.

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Speaker 3: Right, Barry, Soapa is going to be with us in

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Speaker 3: ten minutes. As I said, We're going to have a

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Speaker 3: chat to Simon. What's the energy minister who's going to

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Speaker 3: be in studio after five o'clock. Probably the I think

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Speaker 3: the most telling, the sign that illustrates to you the

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Speaker 3: most that this is not nearly what people were expecting

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Speaker 3: this announcement today is what happened to the Gen Taylors

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Speaker 3: on the inns of X today. Meridian, which was the

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Speaker 3: first one you know basically to welcome what the government

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Speaker 3: had done that saw its shares go up three point

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Speaker 3: six percent in the first hour of trading. Mercury went

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Speaker 3: up one percent, Genesis went up two point one percent.

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Speaker 3: The fact that they went up indicates to you that

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Speaker 3: people were happy to pile their money back in because

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Speaker 3: it ain't nothing going to happen to them. Because that's

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Speaker 3: what we were expecting and that's not what happened. Anyway,

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Speaker 3: we'll talk to some of what's about it after five

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Speaker 3: twenty four away from.

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Speaker 2: It's the world wires on news talks, they'd be drive I.

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Speaker 3: Must have been warned to take this peace deal or

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Speaker 3: alse Donald Trump's giving them three to four days.

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Speaker 12: We have one signature that we're near and that SEG

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Speaker 12: will pay in how they don't sign, I hope they're

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Speaker 12: signing for their own good and we create something really great.

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Speaker 3: Meanwhile, the US government is on the verge of a

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Speaker 3: shutdown after Senate votes failed again.

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Speaker 15: I think it is inevitable now. It's a very reckless

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Speaker 15: decision that Chuck Schumer has made. The Democrats have taken

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Speaker 15: the last vote. Within the last few hours, they voted

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Speaker 15: it down once again, and so there's no other option.

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Speaker 3: We have less than half an hour left before some

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Speaker 3: not all, but some of the government services over there

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Speaker 3: will be brought to a temporary halt. And finally, The

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Speaker 3: Simpsons is returning to the big screen. They made a

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Speaker 3: movie in two thousand and seven. The sequel to that

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Speaker 3: movie will hit theaters in two thousand and thirty seven.

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Speaker 2: International correspondence with Ends and Eye Insurance Peace of Mind

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Speaker 2: for New Zealand Business.

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Speaker 3: Jonathan Kursley, US correspondent is with us ALO Jonathan Hea.

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Speaker 16: They're always good to talk to you and the listeners

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Speaker 16: on the other side of the Pacific.

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Speaker 3: And you, mate, so what's going to shut down at five?

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Speaker 16: Well, mate, you're going to see parks and services shut down.

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Speaker 16: You're going to see a whole range of government services

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Speaker 16: shut down. We are, as you said, less than half

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Speaker 16: an hour away, twenty three minutes away from a shutdown

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Speaker 16: coming into effect, and unless something drastic can be done

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Speaker 16: within the course of the next little while while, then yes,

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Speaker 16: we'll be a historic shutdown for the United States of America.

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Speaker 16: When it comes to things like airports, well they won't

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Speaker 16: completely grind to a halt because what they are going

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Speaker 16: to do is airport workers and air traffic controllers, they're

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Speaker 16: going to be deemed essential workers, so they will be

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Speaker 16: allowed to operate. But essentially every other federal service. You're

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Speaker 16: looking at the military there, you're looking at issues around

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Speaker 16: museum staff and park staff that this is going to

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Speaker 16: be monstrous. Bureaucrats right across the board are going to

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Speaker 16: go without pay. And this happens in America almost every

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Speaker 16: six months. We send to get to this point of

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Speaker 16: government shutdown talks looming. But this time around it has

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Speaker 16: not going to be averted at the eleventh hour, and

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Speaker 16: we are going to be going into a shutdown. Both

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Speaker 16: sides of politics essentially blaming each other. But at the

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Speaker 16: end of the day, what is going to happen is

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Speaker 16: people are going to wind up not having their paychecks.

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Speaker 16: That's going to dent the economy. We already heard the

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Speaker 16: American President essentially say today that if they do go

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Speaker 16: down this path, then he will be allowed to do

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Speaker 16: things that are inreversible. Now that could well mean shutting

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Speaker 16: down elements of government departments.

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Speaker 1: It could mean down departments.

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Speaker 16: Altogether and laying off he views as an overstocked bureaucracy.

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Speaker 16: It is going to be a fundamental next twenty four

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Speaker 16: hours to see how this furlough process, how this process

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Speaker 16: goes for those heavily involved in the federal workforce.

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Speaker 3: Was that one of the weirdest speeches ever given to

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Speaker 3: US military leaders.

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Speaker 14: If you're talking about the one earlier today.

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Speaker 17: That was perhaps the most eyebrow raising speech to military

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Speaker 17: leaders I think I have heard in my entire journalistic career,

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Speaker 17: which is almost some twenty years.

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Speaker 1: Pete Hegseth had called.

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Speaker 16: Military leaders generals from around the world to gather in Virginia,

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Speaker 16: and none of them seemed to really know what was

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Speaker 16: actually going to transpire. What did transpire was, in a sense,

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Speaker 16: a Donald Trump megapolitical rally, but in front of generals

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Speaker 16: who didn't exactly have the same sense of humor that

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Speaker 16: perhaps he had. We heard Pete Hesseth, the now Secretary

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Speaker 16: of War, saying that he did not want to have

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Speaker 16: beard o Yes you heard that, correct, beard os not

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Speaker 16: weirdos in the military, and he did not want to

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Speaker 16: have fat people roaming the halls of the Pentagon. He's

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Speaker 16: trying to strike an image here. And then the speech

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Speaker 16: from the Commander in Chief himself, while it was extraordinary,

440
00:21:15,880 --> 00:21:19,800
Speaker 16: ranged from talking about military issues and war issues to

441
00:21:19,920 --> 00:21:23,920
Speaker 16: domestic issues and Joe Biden, his predecessor. There were little

442
00:21:24,000 --> 00:21:26,320
Speaker 16: laughs from the audience, and you would not have expected.

443
00:21:26,359 --> 00:21:28,440
Speaker 14: Many military generals.

444
00:21:28,000 --> 00:21:31,399
Speaker 16: Are stifled at the best of times. Perhaps the only

445
00:21:31,480 --> 00:21:33,800
Speaker 16: sniggers that did come may well have been from the

446
00:21:33,840 --> 00:21:37,280
Speaker 16: President and the Secretary of War Zone staff. It was

447
00:21:37,520 --> 00:21:40,160
Speaker 16: just it was an extraordinary speech.

448
00:21:40,520 --> 00:21:44,359
Speaker 3: Yeah, it really was. Now, Nicole Kidman, what's going on here?

449
00:21:44,359 --> 00:21:45,639
Speaker 3: Has he been having an affair?

450
00:21:47,080 --> 00:21:49,320
Speaker 18: Well, it doesn't seem as though there's been something nefarious

451
00:21:49,359 --> 00:21:51,639
Speaker 18: going on, but it certainly seems as though from the

452
00:21:51,640 --> 00:21:53,919
Speaker 18: divorce papers that have been filed, in the reports that

453
00:21:53,960 --> 00:21:57,200
Speaker 18: are out through entertainment website TMC in the United States,

454
00:21:57,760 --> 00:21:59,800
Speaker 18: that he may well have found somebody else to be

455
00:22:00,080 --> 00:22:02,840
Speaker 18: romantically involved with, or at least somebody else.

456
00:22:02,720 --> 00:22:03,280
Speaker 1: To be involved with.

457
00:22:03,760 --> 00:22:06,640
Speaker 16: Round about thirty six hours ago we heard these rumblings

458
00:22:06,680 --> 00:22:11,520
Speaker 16: that there was a separation, and now you know that

459
00:22:11,600 --> 00:22:14,040
Speaker 16: time period on. Well, it is Nicole who has filed

460
00:22:14,040 --> 00:22:17,080
Speaker 16: for divorce in Nashville. They're already talking about how they're

461
00:22:17,080 --> 00:22:20,119
Speaker 16: going to divide up their time as co parents. Nicole

462
00:22:20,160 --> 00:22:22,480
Speaker 16: will get the children three hundred and six days a year,

463
00:22:22,520 --> 00:22:24,119
Speaker 16: and it seems as though Keith will get them for

464
00:22:24,160 --> 00:22:28,840
Speaker 16: the remainder. So read between the lines on this, and

465
00:22:28,880 --> 00:22:31,359
Speaker 16: I think you can see that Nicole very clearly is

466
00:22:31,400 --> 00:22:34,680
Speaker 16: not very happy with the situation as it is as

467
00:22:34,680 --> 00:22:37,520
Speaker 16: it stands now. Yesterday the reports that she was trying

468
00:22:37,560 --> 00:22:40,159
Speaker 16: to save the marriage. She wanted to salvage it. Today,

469
00:22:40,200 --> 00:22:43,240
Speaker 16: though it is they are headed for divorce after some

470
00:22:43,680 --> 00:22:47,679
Speaker 16: nineteen years or so of marriage. It is a it

471
00:22:47,840 --> 00:22:50,720
Speaker 16: stunned Hollywood, to be honest, Heeather. I mean, they were

472
00:22:50,800 --> 00:22:53,560
Speaker 16: seen as somewhat of the Golden couple here. It was

473
00:22:54,160 --> 00:22:56,680
Speaker 16: said when it came to love that there was nothing

474
00:22:56,840 --> 00:23:01,280
Speaker 16: like Nicole and Keith, and now they are headed.

475
00:23:01,040 --> 00:23:02,080
Speaker 14: Their separate ways.

476
00:23:02,160 --> 00:23:05,760
Speaker 16: I mean, divorce sadly happens to so many couples right

477
00:23:05,800 --> 00:23:07,720
Speaker 16: across the world, and now it's happening to one of

478
00:23:07,720 --> 00:23:10,680
Speaker 16: the biggest entertainment names in America.

479
00:23:10,840 --> 00:23:14,119
Speaker 3: Yeah too, right, Jonathan, Thanks very much, Jonathan Kursley, US correspondent.

480
00:23:14,160 --> 00:23:16,760
Speaker 3: I guess, I guess brace for the Daily Mail to

481
00:23:17,240 --> 00:23:19,239
Speaker 3: reveal within the next I don't know, God knows how

482
00:23:19,240 --> 00:23:21,119
Speaker 3: long it'll take them. I'm sure they're going to dig

483
00:23:21,160 --> 00:23:23,600
Speaker 3: out who as new Birders and then reveal the name.

484
00:23:23,640 --> 00:23:25,040
Speaker 3: Don't you think seventeen away.

485
00:23:24,800 --> 00:23:27,320
Speaker 1: From Heather Duplicy Ellen, Okay, I had.

486
00:23:27,280 --> 00:23:30,800
Speaker 3: A question for you. Do you pay for things with

487
00:23:30,840 --> 00:23:33,119
Speaker 3: your phone? You know how you can load your credit

488
00:23:33,119 --> 00:23:35,280
Speaker 3: card on and then you can just tap it and

489
00:23:35,359 --> 00:23:37,639
Speaker 3: you basically you do the payWave with your phone. The

490
00:23:37,680 --> 00:23:40,000
Speaker 3: reason I'm asking this is because I was reading I

491
00:23:40,119 --> 00:23:41,800
Speaker 3: was shocked by data that I saw out of the

492
00:23:41,920 --> 00:23:44,800
Speaker 3: UK today, which is that half of UK adults and

493
00:23:44,880 --> 00:23:48,040
Speaker 3: now regularly paying for things tapping on their phone, and

494
00:23:48,119 --> 00:23:50,400
Speaker 3: it is going up fast. It went from thirty four

495
00:23:50,440 --> 00:23:52,760
Speaker 3: percent to fifty percent of adults, like a third of

496
00:23:52,800 --> 00:23:56,520
Speaker 3: adults to fifty percent of adults within one year. But

497
00:23:56,600 --> 00:23:58,960
Speaker 3: it's really why I'm shocked by is it's because it's

498
00:23:59,040 --> 00:24:01,679
Speaker 3: really generation so the young ones do it all the

499
00:24:01,720 --> 00:24:03,439
Speaker 3: time and the older ones don't do it. So if

500
00:24:03,480 --> 00:24:05,520
Speaker 3: you're if you've got a young one sixteen to twenty

501
00:24:05,520 --> 00:24:08,240
Speaker 3: four years old, seventy eight percent to them are using

502
00:24:08,240 --> 00:24:10,680
Speaker 3: their phone to pay for things. Twenty five to thirty

503
00:24:10,680 --> 00:24:14,240
Speaker 3: four years old seventy three percent. Thirty five to forty

504
00:24:14,280 --> 00:24:18,159
Speaker 3: four years old was my age bracket fifty nine fifty

505
00:24:18,280 --> 00:24:20,840
Speaker 3: nine percent. I'm in I'm in the minority. I'm in

506
00:24:20,840 --> 00:24:23,960
Speaker 3: the forty one percent who haven't done this, forty five

507
00:24:24,000 --> 00:24:27,040
Speaker 3: to fifty four percent, it's half fifty five to sixty

508
00:24:27,040 --> 00:24:29,520
Speaker 3: four percent, it's thirty six percent, and then yet into

509
00:24:29,880 --> 00:24:32,640
Speaker 3: the pensioners and only nine sixty five and over, only

510
00:24:32,720 --> 00:24:35,240
Speaker 3: nineteen percent of the people doing it. Anyway, I'm interested

511
00:24:35,240 --> 00:24:37,600
Speaker 3: if you're doing it, because I have no good reason

512
00:24:37,680 --> 00:24:40,480
Speaker 3: for why I haven't done it. I think it's I

513
00:24:40,560 --> 00:24:43,720
Speaker 3: think I'm slightly weird about it on my phone and

514
00:24:43,760 --> 00:24:45,560
Speaker 3: then somebody packing up my phone and then newsing like

515
00:24:45,680 --> 00:24:47,879
Speaker 3: I don't know. I mean, it makes no sense to

516
00:24:47,880 --> 00:24:49,560
Speaker 3: me why I don't do it. But it just feels

517
00:24:49,560 --> 00:24:53,359
Speaker 3: like one of those admin things that hadn't hadn't occurred

518
00:24:53,400 --> 00:24:54,640
Speaker 3: to me that I needed to do it, and now

519
00:24:54,640 --> 00:24:56,199
Speaker 3: I feel really old and I feel like I need

520
00:24:56,200 --> 00:24:58,080
Speaker 3: to do it. Are you doing it anyway? Let me know.

521
00:24:58,240 --> 00:24:59,440
Speaker 3: Sixteen away from five.

522
00:25:00,320 --> 00:25:03,400
Speaker 2: With centrics credit check your customers and get payments certainty.

523
00:25:03,520 --> 00:25:05,560
Speaker 3: It is entirely possible that Simon Watts is not going

524
00:25:05,600 --> 00:25:07,600
Speaker 3: to be in the studio because Simon is stuck in traffic.

525
00:25:07,640 --> 00:25:10,880
Speaker 3: There has been a crash and his eta to news

526
00:25:10,880 --> 00:25:12,920
Speaker 3: talks he'd be is five five and we need to

527
00:25:12,920 --> 00:25:14,560
Speaker 3: be on air with him at five oh seven, so

528
00:25:14,600 --> 00:25:17,440
Speaker 3: I will keep you posted on how that goes. Thirteen

529
00:25:17,560 --> 00:25:20,520
Speaker 3: away from five, Barry Soper, senior political correspondents with us

530
00:25:20,520 --> 00:25:21,240
Speaker 3: Aller Barry.

531
00:25:21,080 --> 00:25:23,000
Speaker 5: There'll be an electric car, wouldn't he hear?

532
00:25:23,040 --> 00:25:23,800
Speaker 9: The good afternoon?

533
00:25:24,520 --> 00:25:28,240
Speaker 3: God only knows this a so car? Though? This is underwhelming,

534
00:25:28,280 --> 00:25:29,200
Speaker 3: isn't it?

535
00:25:29,200 --> 00:25:34,199
Speaker 9: It's interesting, isn't it? Because a company, Frontier Economics, was

536
00:25:35,720 --> 00:25:38,480
Speaker 9: hard to give them a report. It's a pretty comprehensive report.

537
00:25:38,520 --> 00:25:40,399
Speaker 9: I've been looking at quite a lot of it. But

538
00:25:42,440 --> 00:25:44,920
Speaker 9: the government, really the answer to it, has just turned

539
00:25:44,920 --> 00:25:47,199
Speaker 9: down a lot of stuff that was suggested. The answer

540
00:25:47,320 --> 00:25:51,760
Speaker 9: their answer was, look to tell the gent Taylors that

541
00:25:52,080 --> 00:25:53,880
Speaker 9: they can have more money if that's what they want.

542
00:25:53,920 --> 00:25:55,919
Speaker 3: Which gen Taylors are asking for more money?

543
00:25:56,000 --> 00:26:00,600
Speaker 9: Well, the answer Jesus Mercury and Meridian. Well, I'm a

544
00:26:00,640 --> 00:26:02,840
Speaker 9: shareholder and a couple of them, and the shares have

545
00:26:02,920 --> 00:26:04,280
Speaker 9: paid pretty well.

546
00:26:05,280 --> 00:26:09,159
Speaker 3: At least two of them, so they shares have just

547
00:26:09,160 --> 00:26:10,640
Speaker 3: gone up in value exactly.

548
00:26:10,680 --> 00:26:12,639
Speaker 9: Well, they can borrow more money as well, which is

549
00:26:12,640 --> 00:26:15,119
Speaker 9: a good thing. But I guess it's one way of

550
00:26:15,200 --> 00:26:20,120
Speaker 9: the government saying, look, we want we want more electricity

551
00:26:20,520 --> 00:26:24,399
Speaker 9: generation in terms of getting a backup system of the

552
00:26:24,600 --> 00:26:28,120
Speaker 9: system as it does most winters fails to some extent,

553
00:26:28,560 --> 00:26:32,159
Speaker 9: so there's not obviously not enough investment going in. So

554
00:26:32,680 --> 00:26:36,760
Speaker 9: Nikola Willis said she'd written to the three and said

555
00:26:36,760 --> 00:26:40,360
Speaker 9: to them that, look, they would certainly put up capital

556
00:26:40,640 --> 00:26:44,040
Speaker 9: for any new projects. What they didn't do that would

557
00:26:44,040 --> 00:26:48,720
Speaker 9: suggested that they should do is the renationalization of twenty

558
00:26:48,800 --> 00:26:53,679
Speaker 9: nine line companies. They'd suggested they should be reduced to five,

559
00:26:54,119 --> 00:26:57,600
Speaker 9: and that would have made the system easier to handle

560
00:26:57,680 --> 00:27:00,560
Speaker 9: in terms of many things like in seeing in what

561
00:27:00,720 --> 00:27:01,000
Speaker 9: have you.

562
00:27:01,119 --> 00:27:04,919
Speaker 3: Did frontier economics not also recommend that the entire electricity

563
00:27:04,960 --> 00:27:06,400
Speaker 3: system get taken out of the ETS.

564
00:27:06,680 --> 00:27:07,280
Speaker 9: Yes, they did.

565
00:27:07,560 --> 00:27:08,520
Speaker 5: Yes, that would.

566
00:27:08,320 --> 00:27:11,200
Speaker 3: Have like literally an immediate effect. You could take it

567
00:27:11,240 --> 00:27:13,520
Speaker 3: out of the ETS and tomorrow your electricity is cheaper.

568
00:27:13,640 --> 00:27:13,840
Speaker 5: Yep.

569
00:27:14,320 --> 00:27:17,200
Speaker 9: Well, the interesting thing is that the man who made

570
00:27:17,240 --> 00:27:22,040
Speaker 9: the most significant changes to the electricity system in the

571
00:27:22,119 --> 00:27:25,600
Speaker 9: last probably ever in this country was Max Bradford. He

572
00:27:25,640 --> 00:27:30,240
Speaker 9: took to it with a chainsaw and they were sweeping,

573
00:27:30,400 --> 00:27:36,800
Speaker 9: cutting the Electricity Corporation's state monopoly and setting up Meridian

574
00:27:36,840 --> 00:27:40,240
Speaker 9: Genesis and Mighty River, which is now called Mercury, but

575
00:27:40,680 --> 00:27:44,239
Speaker 9: you know, he really didn't. Finally, Max has been in

576
00:27:44,320 --> 00:27:47,000
Speaker 9: touch with me today. He's overseas at the moment, but

577
00:27:47,119 --> 00:27:50,359
Speaker 9: he said, look, he's disappointed that they didn't go further.

578
00:27:50,440 --> 00:27:54,520
Speaker 9: They didn't look at nuclear energy. And you know, this

579
00:27:54,600 --> 00:27:56,679
Speaker 9: is a man who obviously has a lot of interest

580
00:27:56,720 --> 00:28:00,440
Speaker 9: and energy. Some would say his interest in Terius in

581
00:28:00,480 --> 00:28:03,919
Speaker 9: the right direction, but he said, look, nuclear energy is

582
00:28:03,960 --> 00:28:07,280
Speaker 9: something that we should be looking at if we want

583
00:28:07,280 --> 00:28:11,080
Speaker 9: an uninterrupted flow of energy, and it is safe. I mean,

584
00:28:11,119 --> 00:28:13,439
Speaker 9: I've been reading a lot about it this afternoon for

585
00:28:13,800 --> 00:28:14,560
Speaker 9: talking to you.

586
00:28:14,640 --> 00:28:15,440
Speaker 5: Before talking to.

587
00:28:15,400 --> 00:28:18,760
Speaker 9: You, and only in the last sixty years there have

588
00:28:18,800 --> 00:28:24,280
Speaker 9: only been three accident to accidents at nuclear sites down

589
00:28:24,720 --> 00:28:27,960
Speaker 9: the downstream effect that it was worse than Chernobyl for example,

590
00:28:28,560 --> 00:28:32,719
Speaker 9: people suffered for years after that. But it is the

591
00:28:32,960 --> 00:28:37,160
Speaker 9: advances that's been made in nuclear energy have been significant,

592
00:28:37,560 --> 00:28:40,880
Speaker 9: and in fact, you know, that could be the way

593
00:28:40,920 --> 00:28:43,840
Speaker 9: that we should be locking it won't happen in this country.

594
00:28:43,880 --> 00:28:45,920
Speaker 3: It's a bold suggestion, certainly bolder than anything some of

595
00:28:45,920 --> 00:28:51,320
Speaker 3: what's come up to Luxel and leadership. What's happened well, Audrey.

596
00:28:51,080 --> 00:28:54,040
Speaker 9: Young did an interesting interview with LUXEM because you know,

597
00:28:54,040 --> 00:28:57,440
Speaker 9: a lot of talk about his leadership since the mood

598
00:28:57,440 --> 00:29:00,120
Speaker 9: of the boardroom at the Herald was taken lucks and

599
00:29:00,640 --> 00:29:04,040
Speaker 9: dropping from number six last year to fifteen this year,

600
00:29:04,480 --> 00:29:09,400
Speaker 9: and similarly Nicola Willison's popularity among the chief executives three

601
00:29:09,960 --> 00:29:13,120
Speaker 9: last year to thirteen this year. So she did an

602
00:29:13,120 --> 00:29:15,760
Speaker 9: interview with lux and I was quite interested in it.

603
00:29:16,360 --> 00:29:19,800
Speaker 9: Reflecting on his leadership, he said he accepted the frustration

604
00:29:19,920 --> 00:29:23,200
Speaker 9: of people and what some see as the government not

605
00:29:23,400 --> 00:29:26,760
Speaker 9: doing enough, but Luxon says he hasn't lost sight of

606
00:29:26,760 --> 00:29:28,560
Speaker 9: the reason why he came into politics.

607
00:29:28,680 --> 00:29:30,760
Speaker 19: I came to politics four years ago because I think

608
00:29:30,760 --> 00:29:33,120
Speaker 19: there's an awesome country that's not realizing its potential and

609
00:29:33,200 --> 00:29:35,520
Speaker 19: I want to do that. That's the mission and purpose

610
00:29:35,560 --> 00:29:38,120
Speaker 19: that I've signed up for. I fully understand it's really

611
00:29:38,160 --> 00:29:40,360
Speaker 19: difficult and tough times. I understand on the face of

612
00:29:40,400 --> 00:29:44,719
Speaker 19: the government to New Zealand and to stakeholders, and in

613
00:29:44,760 --> 00:29:46,800
Speaker 19: my job is to keep very focused on what New

614
00:29:46,840 --> 00:29:48,240
Speaker 19: Zealanders need me to do, which is to get the

615
00:29:48,280 --> 00:29:50,440
Speaker 19: economy turned around. I want New Zealand to be the

616
00:29:50,440 --> 00:29:52,840
Speaker 19: best small country on Earth. I believe that we can

617
00:29:52,920 --> 00:29:56,360
Speaker 19: do that. I think we've got immense potential, but we

618
00:29:56,440 --> 00:29:58,560
Speaker 19: have to make some tough decisions about that, and so

619
00:29:58,760 --> 00:30:00,880
Speaker 19: I appreciate not everyone will be on board with that.

620
00:30:01,280 --> 00:30:04,120
Speaker 9: It's interesting when you consider, and I have said this before,

621
00:30:04,200 --> 00:30:08,080
Speaker 9: that this man Luxen came from a job in New

622
00:30:08,160 --> 00:30:12,360
Speaker 9: Zealand chief executive paying several million dollars a year to

623
00:30:12,800 --> 00:30:16,120
Speaker 9: the Prime Minister's job paying a fraction of that. So

624
00:30:16,160 --> 00:30:19,200
Speaker 9: he came into it with the best of intentions, as

625
00:30:19,440 --> 00:30:22,520
Speaker 9: most people do come into politics. So you know, I

626
00:30:22,560 --> 00:30:26,880
Speaker 9: think it has taken a long time for significant benefits

627
00:30:26,920 --> 00:30:31,160
Speaker 9: to show to the country in terms of the policies

628
00:30:31,400 --> 00:30:35,040
Speaker 9: that have been implemented. But you know, you can't doubt

629
00:30:35,120 --> 00:30:38,480
Speaker 9: this man's sincerity in my view, that he's here to

630
00:30:38,520 --> 00:30:41,160
Speaker 9: do a better job for this country and certainly not

631
00:30:41,200 --> 00:30:41,800
Speaker 9: for himself.

632
00:30:41,880 --> 00:30:43,720
Speaker 3: All right, Barry, thank you very much. Barry sober Seen.

633
00:30:43,720 --> 00:30:46,240
Speaker 3: Your political correspondence is coming up seven away from five.

634
00:30:47,000 --> 00:30:51,080
Speaker 1: The headlines and the hard questions. It's the mic asking.

635
00:30:50,720 --> 00:30:54,120
Speaker 20: Breakfast how reform daily Energy Minister Simon Watts websites who

636
00:30:54,080 --> 00:30:56,560
Speaker 20: will be disappointed that you haven't split the gen tailor's.

637
00:30:56,440 --> 00:30:58,800
Speaker 21: Well, might let's be fair the splitting of the gen

638
00:30:58,880 --> 00:31:03,080
Speaker 21: Taylors is good politics, but it's not good policy. The

639
00:31:03,160 --> 00:31:05,560
Speaker 21: major issue we're dealing with here is the fact that

640
00:31:05,560 --> 00:31:07,520
Speaker 21: their investments has not been happening.

641
00:31:07,560 --> 00:31:10,000
Speaker 20: But how do you debtail that with Mike Fus, who

642
00:31:10,040 --> 00:31:11,560
Speaker 20: we had on earlier on in the program, said we've

643
00:31:11,600 --> 00:31:12,640
Speaker 20: never seen so much investment.

644
00:31:12,640 --> 00:31:13,880
Speaker 1: We're booming an investment.

645
00:31:13,920 --> 00:31:17,080
Speaker 21: Well, Mike, you know, we've got a pretty significant renewable pipeline.

646
00:31:17,080 --> 00:31:18,800
Speaker 21: But am I seeing that flow through in terms of

647
00:31:18,840 --> 00:31:21,360
Speaker 21: the price of energy? No, that is what is hitting hard.

648
00:31:21,440 --> 00:31:23,840
Speaker 10: Kiri Households and Kii businesses.

649
00:31:23,560 --> 00:31:26,280
Speaker 20: Back tomorrow at six am the Mike Hosking Breakfast with

650
00:31:26,400 --> 00:31:28,320
Speaker 20: Baby's Real Estate News Talk z B.

651
00:31:29,840 --> 00:31:32,360
Speaker 3: It's four away from five. Listen this business with the

652
00:31:32,400 --> 00:31:35,440
Speaker 3: Auckland University course that's our Maori course that all the

653
00:31:35,440 --> 00:31:37,720
Speaker 3: students were forced to take and then pay for. Actors

654
00:31:37,800 --> 00:31:39,280
Speaker 3: come out and said that they want the students to

655
00:31:39,280 --> 00:31:42,280
Speaker 3: be refunded because it's of no real value to the students. Now,

656
00:31:42,320 --> 00:31:44,400
Speaker 3: I didn't realize it cost up to six thousand dollars

657
00:31:44,720 --> 00:31:46,680
Speaker 3: for some of these students to do the entire course

658
00:31:46,680 --> 00:31:48,360
Speaker 3: that they were required to do. Anyway, we're going to

659
00:31:48,440 --> 00:31:50,239
Speaker 3: have a chat to Paljeep Palmer, who's an act MP.

660
00:31:50,320 --> 00:31:53,400
Speaker 3: He'll be with us after half past. Hither, I'm eighty.

661
00:31:53,640 --> 00:31:55,640
Speaker 3: I've been tapping my phone to pay for everything for

662
00:31:55,680 --> 00:31:57,320
Speaker 3: the last three and a half years. It's safer than

663
00:31:57,360 --> 00:32:00,160
Speaker 3: having a card because you need your facial recognition to

664
00:32:00,200 --> 00:32:02,720
Speaker 3: open your phone. Anyone can use your card and spend

665
00:32:02,720 --> 00:32:04,840
Speaker 3: two hundred dollars multiple times without being correct. This is

666
00:32:04,840 --> 00:32:07,760
Speaker 3: a very you must modernize your habits, Heather. I'm being

667
00:32:07,760 --> 00:32:10,520
Speaker 3: told by an eighty year old. Thank you. It's a

668
00:32:10,560 --> 00:32:13,720
Speaker 3: very good point that you make. Actually, Hither, I'm seventy.

669
00:32:13,760 --> 00:32:16,080
Speaker 3: I've been paying tapping with my phone for years. Most recently,

670
00:32:16,120 --> 00:32:17,720
Speaker 3: I was behind an older lady than me and she

671
00:32:17,760 --> 00:32:21,280
Speaker 3: tapped with her Apple Watch. She was very impressive, Heather.

672
00:32:21,360 --> 00:32:24,480
Speaker 3: After getting scammed four cards when I was traveling, a

673
00:32:24,480 --> 00:32:26,720
Speaker 3: bank manager recommended I use my phone because apparently the

674
00:32:26,800 --> 00:32:29,160
Speaker 3: numbers tumble and thus can't be scanned. And that's from Anthony,

675
00:32:29,240 --> 00:32:32,080
Speaker 3: who is seventy. I just love the experience of being

676
00:32:32,080 --> 00:32:34,920
Speaker 3: told by the boomers how to be more modern than

677
00:32:34,920 --> 00:32:36,880
Speaker 3: I am. What I am putting it down to in

678
00:32:36,960 --> 00:32:39,040
Speaker 3: my own defense, is that if you are a boomer,

679
00:32:39,440 --> 00:32:42,000
Speaker 3: you've got more time than I do. So this is

680
00:32:42,000 --> 00:32:43,840
Speaker 3: why you have time to sit around and fiddle with

681
00:32:43,880 --> 00:32:45,480
Speaker 3: your phone and figure out how to put the cards on.

682
00:32:45,520 --> 00:32:48,640
Speaker 3: I don't have that kind of time because you know children,

683
00:32:48,680 --> 00:32:51,040
Speaker 3: you'll remember what that's like. There's no such thing as time.

684
00:32:51,400 --> 00:32:56,840
Speaker 3: You just basically you run. You finish your day's work,

685
00:32:57,120 --> 00:32:59,720
Speaker 3: run to the room, fall over and go to sleep,

686
00:33:00,040 --> 00:33:02,440
Speaker 3: and that's where they find you the next morning, wake

687
00:33:02,480 --> 00:33:03,080
Speaker 3: you up and you.

688
00:33:03,040 --> 00:33:04,040
Speaker 14: Just start it all again.

689
00:33:04,320 --> 00:33:06,040
Speaker 3: So anyway, if one of you boomers can come over

690
00:33:06,080 --> 00:33:09,160
Speaker 3: and set up my phone, I'd appreciate it. Lord, Okay,

691
00:33:09,160 --> 00:33:14,560
Speaker 3: where Simon is he here? Beatty? Oh, Jesu's cutting it

692
00:33:14,600 --> 00:33:17,840
Speaker 3: fine here, reckons he's et eights Simon Watts ETA five

693
00:33:17,880 --> 00:33:20,360
Speaker 3: oh six for a five oh seven interview. I can

694
00:33:20,400 --> 00:33:23,480
Speaker 3: really stretch out that introduction by him, you know, another

695
00:33:23,520 --> 00:33:24,880
Speaker 3: twenty seconds, we'll see how we go.

696
00:33:25,000 --> 00:33:39,240
Speaker 22: Stand by the only drive show you can trust to

697
00:33:39,280 --> 00:33:39,640
Speaker 22: ask the.

698
00:33:39,720 --> 00:33:44,800
Speaker 1: Questions, get the answers, find the fat and give the analysis.

699
00:33:45,120 --> 00:33:46,400
Speaker 1: Here the duplicy Ellen.

700
00:33:46,240 --> 00:33:49,760
Speaker 2: Drive with One New Zealand and the Power of Satellite

701
00:33:49,800 --> 00:33:50,960
Speaker 2: Mobile News Talks.

702
00:33:51,000 --> 00:33:53,880
Speaker 3: Ev Oh, good afternoon. There's a fair bit of disappointment

703
00:33:53,920 --> 00:33:57,240
Speaker 3: today with the government's much hyped energy reforms plans announced

704
00:33:57,280 --> 00:34:00,720
Speaker 3: this morning included a new imported gas terminal and the

705
00:34:00,720 --> 00:34:03,440
Speaker 3: government freeing up money for the crown controlled gent tailors

706
00:34:03,440 --> 00:34:06,440
Speaker 3: to build more generation consumer New Zealand. Simon Bridges of

707
00:34:06,440 --> 00:34:09,040
Speaker 3: the Auckland Chamber of Commerce and the opposition parties all

708
00:34:09,200 --> 00:34:12,000
Speaker 3: have all criticized the plan. Simon, what's the energy ministers

709
00:34:12,040 --> 00:34:14,279
Speaker 3: with me right now? Has Simon? Heather you made it

710
00:34:14,280 --> 00:34:15,080
Speaker 3: in time. It's a bit of a run.

711
00:34:15,320 --> 00:34:17,440
Speaker 5: I did I apologize that crash on the bridge.

712
00:34:17,480 --> 00:34:18,160
Speaker 23: Welcome to Auckland.

713
00:34:18,200 --> 00:34:19,960
Speaker 3: Yeah, but at least you're training for a half marriage.

714
00:34:20,040 --> 00:34:20,520
Speaker 9: I'll tell you what.

715
00:34:20,640 --> 00:34:21,520
Speaker 23: It's great to be here.

716
00:34:21,719 --> 00:34:23,319
Speaker 3: So you had you had the speed to get in.

717
00:34:23,400 --> 00:34:25,759
Speaker 3: Now talk to me about this import terminal. How much

718
00:34:25,760 --> 00:34:26,360
Speaker 3: would it cost?

719
00:34:26,520 --> 00:34:28,200
Speaker 23: Look, we don't have a price on it at this point.

720
00:34:28,239 --> 00:34:30,160
Speaker 23: We're going to go to the market and ask what options.

721
00:34:30,200 --> 00:34:33,040
Speaker 23: It's pretty complex building an importation terminal. You can have

722
00:34:33,239 --> 00:34:35,880
Speaker 23: medium size and large sizes. But we're going to get

723
00:34:35,920 --> 00:34:37,719
Speaker 23: feedback from the market and make a decision on it

724
00:34:37,760 --> 00:34:38,320
Speaker 23: by Christmas.

725
00:34:38,360 --> 00:34:39,560
Speaker 3: Would you go medium or large?

726
00:34:39,600 --> 00:34:42,040
Speaker 23: Well, it depends what's available on the market. We want

727
00:34:42,040 --> 00:34:44,040
Speaker 23: to make sure that we get this terminal in place

728
00:34:44,280 --> 00:34:46,160
Speaker 23: as fast as practical, So we're going to have to

729
00:34:46,400 --> 00:34:49,120
Speaker 23: consider what's available. That most of stuff comes in from overseas.

730
00:34:49,120 --> 00:34:51,239
Speaker 3: On its large as a billion dollars. You don't have

731
00:34:51,239 --> 00:34:52,040
Speaker 3: a billion dollars.

732
00:34:52,200 --> 00:34:52,640
Speaker 14: It can come.

733
00:34:52,880 --> 00:34:55,320
Speaker 23: It can get up to some pretty reasonable numbers. Again,

734
00:34:55,360 --> 00:34:58,200
Speaker 23: the way in which you funders, there are options in

735
00:34:58,239 --> 00:35:01,440
Speaker 23: the context of other of the provider are actually funding it,

736
00:35:01,800 --> 00:35:03,640
Speaker 23: so you know, we'll be looking at the different options.

737
00:35:03,680 --> 00:35:06,200
Speaker 23: There are scenarios where the government don't contribute capital to

738
00:35:06,239 --> 00:35:09,560
Speaker 23: this model. Who would Well, there are models which you

739
00:35:09,560 --> 00:35:12,040
Speaker 23: can enter into with some of these big providers to

740
00:35:12,080 --> 00:35:14,120
Speaker 23: put in place the terminal, and then we'd need to

741
00:35:14,120 --> 00:35:14,600
Speaker 23: do They.

742
00:35:14,560 --> 00:35:16,759
Speaker 3: Want to though, because this thing doesn't make any economic sense.

743
00:35:16,800 --> 00:35:18,279
Speaker 3: The gas that comes out of it as expensive and

744
00:35:18,280 --> 00:35:19,040
Speaker 3: the way we've done.

745
00:35:18,960 --> 00:35:21,560
Speaker 23: Some market sounding already in regards to that. There is

746
00:35:21,600 --> 00:35:24,680
Speaker 23: some interest out there in regards to that terminal, and

747
00:35:24,760 --> 00:35:25,360
Speaker 23: so we're going to.

748
00:35:25,640 --> 00:35:28,239
Speaker 3: You can turn the funnel to be to be fair

749
00:35:28,280 --> 00:35:29,880
Speaker 3: to you, you did have to run in so no

750
00:35:29,960 --> 00:35:33,160
Speaker 3: surprising loud who would do it if they if they

751
00:35:33,160 --> 00:35:34,720
Speaker 3: wanted to do it, simon, they would have done it already,

752
00:35:34,719 --> 00:35:35,239
Speaker 3: wouldn't they.

753
00:35:36,000 --> 00:35:39,600
Speaker 23: No, Because the last government had a pretty clear policy

754
00:35:39,840 --> 00:35:44,080
Speaker 23: of you know, shutting down Huntley, shutting down oil and gas,

755
00:35:45,120 --> 00:35:47,440
Speaker 23: which as a result of that left us in a

756
00:35:47,480 --> 00:35:48,800
Speaker 23: pretty desperate situation.

757
00:35:48,960 --> 00:35:49,480
Speaker 24: Last year.

758
00:35:50,080 --> 00:35:52,640
Speaker 23: We've come in, we've identified the problem. I've got to

759
00:35:52,680 --> 00:35:54,799
Speaker 23: lack of fuel, we've got a lack of generation when

760
00:35:54,840 --> 00:35:56,719
Speaker 23: we haven't got enough water in our dams, and we've

761
00:35:56,760 --> 00:35:58,960
Speaker 23: got to mash the fissue around sovereign risk because of

762
00:35:58,960 --> 00:36:01,359
Speaker 23: what the last guys did and now no one has

763
00:36:01,400 --> 00:36:03,160
Speaker 23: confidence to be able to invest, so we're having to

764
00:36:03,239 --> 00:36:06,120
Speaker 23: unpick all those three elements and the ten point plan

765
00:36:06,200 --> 00:36:07,600
Speaker 23: them have put in place. You've got to look at

766
00:36:07,600 --> 00:36:10,719
Speaker 23: it as a package of interventions. Lergy terminal is one

767
00:36:10,719 --> 00:36:13,279
Speaker 23: of the interventions, but also the regulary model that we're

768
00:36:13,280 --> 00:36:16,160
Speaker 23: putting in place will make sure that the market does

769
00:36:16,239 --> 00:36:20,400
Speaker 23: have appropriate firming capacity in a dry year. At the moment,

770
00:36:20,440 --> 00:36:22,360
Speaker 23: there's no regulation of that in the market.

771
00:36:22,520 --> 00:36:23,360
Speaker 5: We're going to work.

772
00:36:23,200 --> 00:36:26,400
Speaker 23: Through the exact regulatory model with the industry and have

773
00:36:26,480 --> 00:36:29,680
Speaker 23: that done by Q one of next year. But in effect,

774
00:36:29,760 --> 00:36:32,800
Speaker 23: we've asked transpower to look at the demand and supply,

775
00:36:33,040 --> 00:36:35,400
Speaker 23: see what the gap is, and then the EA regulator

776
00:36:35,440 --> 00:36:37,359
Speaker 23: will enforce and make sure that's gaps cover.

777
00:36:37,480 --> 00:36:38,800
Speaker 3: But how do you force them to have firm in

778
00:36:38,840 --> 00:36:41,120
Speaker 3: capacity if they don't know? They would already have it

779
00:36:41,160 --> 00:36:42,399
Speaker 3: if they if they could.

780
00:36:42,600 --> 00:36:45,920
Speaker 23: Currently, the market does not regulate to make sure that

781
00:36:45,920 --> 00:36:49,440
Speaker 23: there is appropriate firming capacity to deal with a dry year.

782
00:36:49,520 --> 00:36:52,800
Speaker 3: We're talking about Huntley's stockpile and coal. They are already

783
00:36:52,840 --> 00:36:53,200
Speaker 3: doing that.

784
00:36:53,239 --> 00:36:55,160
Speaker 23: They are, but that is not going to be sufficient

785
00:36:55,320 --> 00:36:58,080
Speaker 23: as we see a significant build out of more renewables

786
00:36:58,160 --> 00:36:59,799
Speaker 23: and the fact that everyone is using a lot more

787
00:37:00,040 --> 00:37:02,239
Speaker 23: electricity than what they have on pat.

788
00:37:01,920 --> 00:37:04,080
Speaker 3: What are your options for firm incapacity? Gas and coal,

789
00:37:04,239 --> 00:37:04,839
Speaker 3: gas and coal.

790
00:37:04,880 --> 00:37:07,840
Speaker 23: That's what we've got and realistically that's our options.

791
00:37:08,280 --> 00:37:11,680
Speaker 3: Okay. The money for the gent tailors, which of the

792
00:37:11,680 --> 00:37:14,320
Speaker 3: gent tailors are asking for money to help them build generation?

793
00:37:14,560 --> 00:37:16,200
Speaker 23: Well, at this stage we haven't got any of the

794
00:37:16,239 --> 00:37:19,279
Speaker 23: gent tailors asking for money, but the report identified that

795
00:37:19,320 --> 00:37:22,520
Speaker 23: there is a perception that if they did ask government,

796
00:37:22,600 --> 00:37:24,800
Speaker 23: the answer would be no. And that's because under the

797
00:37:24,880 --> 00:37:26,320
Speaker 23: last government the answer.

798
00:37:26,080 --> 00:37:28,440
Speaker 3: Would have been some in the not short on money out,

799
00:37:28,480 --> 00:37:30,680
Speaker 3: They've got enough money if they wanted. Well, the reality

800
00:37:30,760 --> 00:37:32,040
Speaker 3: is is they're paying it out and dividends.

801
00:37:32,040 --> 00:37:34,799
Speaker 23: Well, the government is a major shareholder and three of

802
00:37:34,840 --> 00:37:38,400
Speaker 23: those entities, and any capital raise needs to be approved

803
00:37:38,440 --> 00:37:41,400
Speaker 23: by government. You know, under the last government they were

804
00:37:41,440 --> 00:37:44,279
Speaker 23: not going to be approving anything with coal or gas

805
00:37:44,360 --> 00:37:46,920
Speaker 23: eve anywhere near it. And so we've been very clear

806
00:37:47,040 --> 00:37:49,200
Speaker 23: to say, look, we're going to be able. We will

807
00:37:49,239 --> 00:37:52,160
Speaker 23: be investing if you ask us too, because we need

808
00:37:52,160 --> 00:37:52,760
Speaker 23: that generation.

809
00:37:52,880 --> 00:37:55,759
Speaker 3: Are you wanting them to build more gas generation more

810
00:37:55,800 --> 00:37:56,480
Speaker 3: coal generation?

811
00:37:56,840 --> 00:38:01,719
Speaker 23: Either we need more generation and Huntly absolutely we are.

812
00:38:01,800 --> 00:38:04,120
Speaker 23: Do they want to Well, the reality is we're going

813
00:38:04,160 --> 00:38:07,080
Speaker 23: to have to replace Huntley by about twenty thirty five anyway,

814
00:38:07,080 --> 00:38:07,799
Speaker 23: because it's coming up.

815
00:38:07,840 --> 00:38:09,360
Speaker 1: It's about sixty years old.

816
00:38:09,680 --> 00:38:11,359
Speaker 23: So we are going to need to think about what

817
00:38:11,400 --> 00:38:15,440
Speaker 23: that model is in the future. Under the last government,

818
00:38:15,440 --> 00:38:17,719
Speaker 23: there was no certainty Hunty was going to close. I

819
00:38:17,719 --> 00:38:19,520
Speaker 23: don't know how the lights would have been stayed on

820
00:38:19,600 --> 00:38:21,960
Speaker 23: last winter at all if we hadn't had Huntly, because

821
00:38:21,960 --> 00:38:23,520
Speaker 23: I could tell you what they wouldn't have.

822
00:38:23,960 --> 00:38:26,520
Speaker 3: Now, how much cheaper would electricity be if you just

823
00:38:26,560 --> 00:38:27,440
Speaker 3: took it out of the ets?

824
00:38:27,520 --> 00:38:30,040
Speaker 23: Well we know that well in regards to the ETS,

825
00:38:30,080 --> 00:38:30,960
Speaker 23: we've ruled that out.

826
00:38:31,000 --> 00:38:32,920
Speaker 3: That's not something and why why would you do that?

827
00:38:32,960 --> 00:38:33,719
Speaker 25: Because it's not.

828
00:38:33,680 --> 00:38:35,920
Speaker 23: Going to be aligned with the government's principles around a

829
00:38:35,960 --> 00:38:38,680
Speaker 23: credible ets market. And also the peer review, we had

830
00:38:38,680 --> 00:38:42,160
Speaker 23: two international peer reviews. They also discredited that and said

831
00:38:42,160 --> 00:38:45,800
Speaker 23: that wasn't an appropriate mechanism because we've got an emissions

832
00:38:45,840 --> 00:38:49,320
Speaker 23: trading scheme that does removes emissions. That's the heavy lifting

833
00:38:49,400 --> 00:38:52,000
Speaker 23: vehicle the government's committed to. And you can't just take

834
00:38:52,040 --> 00:38:55,759
Speaker 23: electricity one industry completely out of the market and leave

835
00:38:56,280 --> 00:38:58,880
Speaker 23: electricity impacts every part of the market. So it's just

836
00:38:58,880 --> 00:39:02,000
Speaker 23: not a sensible would it be the We don't have

837
00:39:02,160 --> 00:39:03,440
Speaker 23: an exact indication of.

838
00:39:03,440 --> 00:39:05,920
Speaker 3: Well, I had a look at said wholesale prices might

839
00:39:05,960 --> 00:39:07,480
Speaker 3: come down by up to thirty percent.

840
00:39:08,200 --> 00:39:10,280
Speaker 23: That is not numbers that are consistent with the analysis.

841
00:39:10,640 --> 00:39:11,680
Speaker 3: What is the analysis you've seen?

842
00:39:11,920 --> 00:39:13,960
Speaker 23: I definitely have not seen numbers of that.

843
00:39:13,880 --> 00:39:16,200
Speaker 3: Scale ten to thirty percent. You haven't seen No.

844
00:39:16,120 --> 00:39:16,799
Speaker 23: I haven't seen that.

845
00:39:16,880 --> 00:39:17,560
Speaker 3: So what have you seen?

846
00:39:17,800 --> 00:39:19,880
Speaker 23: I haven't got the numbers in front of me in

847
00:39:19,960 --> 00:39:23,160
Speaker 23: regards to numbers are but you know they're not. Mind

848
00:39:23,440 --> 00:39:26,200
Speaker 23: whether they're nowhere in the in the spectrum in which

849
00:39:26,239 --> 00:39:28,000
Speaker 23: you're recommending, we've got to go back.

850
00:39:28,040 --> 00:39:30,720
Speaker 3: What's all the point that I'm trying to make here, though, Simon,

851
00:39:30,800 --> 00:39:33,759
Speaker 3: is that you could tomorrow, you could make our electricity

852
00:39:33,760 --> 00:39:36,160
Speaker 3: prices cheaper significantly as opposed to the two percent that

853
00:39:36,200 --> 00:39:38,920
Speaker 3: you're talking about, and it would make a big difference, right,

854
00:39:38,960 --> 00:39:40,600
Speaker 3: because what you're talking about is we've got to have

855
00:39:40,640 --> 00:39:43,319
Speaker 3: a credible climate policy here. At the same time we

856
00:39:43,400 --> 00:39:46,040
Speaker 3: have mills shutting down, we have businesses unable to forward

857
00:39:46,080 --> 00:39:49,080
Speaker 3: their power bills. You have got a crisis on your hands,

858
00:39:49,400 --> 00:39:51,240
Speaker 3: but you want to keep your reputation as a climate

859
00:39:51,480 --> 00:39:51,839
Speaker 3: as a client.

860
00:39:51,880 --> 00:39:55,440
Speaker 23: Problem is that we do not have sufficient fuel to

861
00:39:55,600 --> 00:40:01,000
Speaker 23: power our existing generation gas peakers. In particular today, it

862
00:40:01,040 --> 00:40:03,640
Speaker 23: is a fuel shortage priving up the price, which is

863
00:40:03,640 --> 00:40:06,440
Speaker 23: causing mills to shut and we need that fuel. And

864
00:40:06,480 --> 00:40:08,480
Speaker 23: so the decisions that we've announced and the actions were

865
00:40:08,520 --> 00:40:09,520
Speaker 23: announced today.

866
00:40:09,400 --> 00:40:10,680
Speaker 1: Deal with the problem.

867
00:40:10,719 --> 00:40:13,200
Speaker 5: States Chang isn't going to solve.

868
00:40:13,040 --> 00:40:15,640
Speaker 3: That problem, but it does. What it does is it

869
00:40:15,680 --> 00:40:18,800
Speaker 3: solves the price problem that you've got today as opposed

870
00:40:18,840 --> 00:40:20,640
Speaker 3: to what you're talking about, which is twenty twenty.

871
00:40:20,719 --> 00:40:23,120
Speaker 23: Price problem that we have today is driven by the

872
00:40:23,120 --> 00:40:26,160
Speaker 23: fact that we do not have adequate firming fuel in

873
00:40:26,200 --> 00:40:28,440
Speaker 23: the market, and that is why the price is what

874
00:40:28,480 --> 00:40:31,000
Speaker 23: it is about thirty to fifty dollars a megawatt. Is

875
00:40:31,040 --> 00:40:33,880
Speaker 23: the risk premium built into the power price today because

876
00:40:33,880 --> 00:40:36,120
Speaker 23: the market does not have certainty that if we have

877
00:40:36,160 --> 00:40:37,399
Speaker 23: a dry year it can be covered.

878
00:40:37,400 --> 00:40:39,479
Speaker 3: Why don't you do what Phraser winner A said, which

879
00:40:39,520 --> 00:40:41,840
Speaker 3: is to take coal out of the etes or at

880
00:40:41,920 --> 00:40:43,800
Speaker 3: least price coal at the same level as gas.

881
00:40:44,120 --> 00:40:46,520
Speaker 23: Look, the reality is is we're going to need gas

882
00:40:46,680 --> 00:40:49,919
Speaker 23: in addition to coal in order to firm our electricity.

883
00:40:50,160 --> 00:40:51,759
Speaker 23: And as I said, that is an area that we

884
00:40:51,840 --> 00:40:53,120
Speaker 23: are preceding.

885
00:40:52,960 --> 00:40:55,799
Speaker 3: Coal at the same level as gas because at least

886
00:40:55,840 --> 00:40:57,280
Speaker 3: it's more affordable than for the country.

887
00:40:57,280 --> 00:41:01,000
Speaker 23: Because we're not in the market around trying to set prices.

888
00:41:01,280 --> 00:41:03,360
Speaker 23: We want to make sure that we've got the appropriate

889
00:41:03,440 --> 00:41:06,439
Speaker 23: amount of fuel to run the generation capacity we have today,

890
00:41:06,440 --> 00:41:07,560
Speaker 23: and that we don't have that at the moment.

891
00:41:07,640 --> 00:41:10,040
Speaker 3: It's your announcement which you have made today going to

892
00:41:10,040 --> 00:41:11,240
Speaker 3: stop the closure of mills.

893
00:41:11,719 --> 00:41:14,960
Speaker 23: It is going to put downward pressure on energy prices,

894
00:41:15,120 --> 00:41:17,600
Speaker 23: and that is one of the major issues businesses want

895
00:41:17,640 --> 00:41:21,560
Speaker 23: from Wescy. Businesses want certainty and the interventions and actions

896
00:41:21,560 --> 00:41:24,520
Speaker 23: that we've announced today will have an immediate effect on

897
00:41:24,560 --> 00:41:28,040
Speaker 23: that downward pressure price. We've announced a number of those interventions.

898
00:41:28,120 --> 00:41:30,839
Speaker 23: We're releasing the RFI around what the government's going to buy.

899
00:41:31,000 --> 00:41:34,520
Speaker 23: We're going to do the allergy RFI next Monday. The

900
00:41:34,600 --> 00:41:37,560
Speaker 23: signal that I've instructed transpower around some of the relatory

901
00:41:37,600 --> 00:41:41,080
Speaker 23: work has started immediately, and you know, as an eventive,

902
00:41:41,160 --> 00:41:44,200
Speaker 23: as a package of interventions, this is the most significant

903
00:41:44,200 --> 00:41:47,480
Speaker 23: package of interventions that we've seen in decades. And importantly

904
00:41:47,520 --> 00:41:50,600
Speaker 23: it deals with the problem that our energy market faces,

905
00:41:50,640 --> 00:41:54,560
Speaker 23: and that's a lack affirming fuel and generation capacity.

906
00:41:54,640 --> 00:41:56,719
Speaker 3: Simon, thank you for coming in. I appreciate you making

907
00:41:56,760 --> 00:41:58,960
Speaker 3: the effort very very much. Say so, what's the energy

908
00:41:58,960 --> 00:42:03,480
Speaker 3: minister called to pass? Heather? We all want lower prices?

909
00:42:03,480 --> 00:42:06,719
Speaker 3: What planet? As Simon watts on, it's eighteen past five now,

910
00:42:06,800 --> 00:42:08,920
Speaker 3: of course, the news today is that Nigel Latter has

911
00:42:08,920 --> 00:42:11,040
Speaker 3: passed away at the age of fifty eight after a

912
00:42:11,040 --> 00:42:13,960
Speaker 3: battle with gastric cancer. Now Nigel was known for his

913
00:42:14,000 --> 00:42:16,680
Speaker 3: work on parenting and healthy eating. He fronted shows like

914
00:42:16,719 --> 00:42:19,440
Speaker 3: The Politically Incorrect Parenting Show and Is Sugar the Than

915
00:42:19,480 --> 00:42:22,120
Speaker 3: New Fat. He was also the ambassador for Kenzie's Gift,

916
00:42:22,160 --> 00:42:24,760
Speaker 3: which is a charity that supports children and families affected

917
00:42:24,760 --> 00:42:27,359
Speaker 3: by death. Nick Russell is the founder of Kenzie's Gift

918
00:42:27,400 --> 00:42:28,799
Speaker 3: and a friend of Nigel latter hei.

919
00:42:28,760 --> 00:42:30,319
Speaker 13: Nick, Hi, how the how are you?

920
00:42:30,440 --> 00:42:32,279
Speaker 3: I'm very well, thank you. Tough news for you today.

921
00:42:32,320 --> 00:42:35,680
Speaker 13: I'd imagine it was very tough news. It's very such

922
00:42:35,760 --> 00:42:38,960
Speaker 13: for everyone concerned that knew in the messing mind that

923
00:42:39,000 --> 00:42:42,279
Speaker 13: nigelada was. So it's our heart's really great today to

924
00:42:42,400 --> 00:42:45,080
Speaker 13: has to family amos loved ones, because they'll be doing

925
00:42:45,120 --> 00:42:48,520
Speaker 13: it really tough in the times I had, so our

926
00:42:48,520 --> 00:42:49,800
Speaker 13: heart's really with them today.

927
00:42:50,320 --> 00:42:53,000
Speaker 3: Nick, am I right in thinking this was completely unexpected

928
00:42:53,000 --> 00:42:56,319
Speaker 3: because while he had cancer, he's sort of he was

929
00:42:56,400 --> 00:42:58,319
Speaker 3: under the impression he had years.

930
00:43:00,680 --> 00:43:03,520
Speaker 13: Well, I mean that that was I mean it's it's

931
00:43:03,560 --> 00:43:07,080
Speaker 13: always unexpected when it comes, and I think it's and

932
00:43:07,120 --> 00:43:09,320
Speaker 13: you just never know what when you're living with cancer,

933
00:43:09,520 --> 00:43:12,879
Speaker 13: what what will occur. So while it might been unexpected,

934
00:43:13,000 --> 00:43:16,600
Speaker 13: you know, it's it's the nature of living with you know,

935
00:43:16,960 --> 00:43:19,360
Speaker 13: incurable cancer. We just don't know what it's going to

936
00:43:19,440 --> 00:43:23,440
Speaker 13: turn out. So unfortunately for Nagel and his family it's

937
00:43:23,760 --> 00:43:26,279
Speaker 13: it's come all too soon and for all of us

938
00:43:26,280 --> 00:43:28,440
Speaker 13: that it's going to be shocked by his death today.

939
00:43:28,560 --> 00:43:32,600
Speaker 13: So yeah, it's it's it's hard, but that, unfortunately is

940
00:43:32,880 --> 00:43:34,920
Speaker 13: the nature of living with this awful illness.

941
00:43:35,120 --> 00:43:36,760
Speaker 3: Now, look, how did you how did he get involved

942
00:43:36,800 --> 00:43:38,360
Speaker 3: with your your charity?

943
00:43:39,640 --> 00:43:42,200
Speaker 13: Well, I set up Kensy's Skift after my little one

944
00:43:42,440 --> 00:43:44,799
Speaker 13: died back in two thousand and five, and I sit

945
00:43:44,880 --> 00:43:46,799
Speaker 13: up in two thousand and eight and and it's seen

946
00:43:46,840 --> 00:43:49,080
Speaker 13: and heard Nigel. He had done a couple of his

947
00:43:49,160 --> 00:43:52,960
Speaker 13: parenting talks and and he loved his forthrightness, his honesty,

948
00:43:53,040 --> 00:43:56,000
Speaker 13: his pragmatism, and I thought I'd love to have Nigel

949
00:43:56,040 --> 00:43:57,920
Speaker 13: as the ambassador, and with such a little charity, he

950
00:43:57,960 --> 00:44:01,920
Speaker 13: would just really help us, you know, alone, And so

951
00:44:02,000 --> 00:44:05,759
Speaker 13: I emailed them, not expecting that, you know, a celebrity

952
00:44:05,800 --> 00:44:09,520
Speaker 13: and well known Kiri such as Nigel would ever get

953
00:44:09,520 --> 00:44:12,640
Speaker 13: back to me. And he did, and we went and

954
00:44:12,680 --> 00:44:14,560
Speaker 13: met for a coffee at his favorite cafe in Mount

955
00:44:14,560 --> 00:44:18,080
Speaker 13: Aiden and we had a chat and for about an hour,

956
00:44:18,200 --> 00:44:22,000
Speaker 13: and and that relationship was born from there, really, And

957
00:44:22,040 --> 00:44:24,520
Speaker 13: it wasn't until years and later that he told me

958
00:44:24,600 --> 00:44:26,840
Speaker 13: Nick had actually planned and saying no, but when I

959
00:44:26,920 --> 00:44:29,600
Speaker 13: got there, when we sat down, I couldn't And and

960
00:44:29,640 --> 00:44:33,919
Speaker 13: thank god he didn't and and he's because when we met,

961
00:44:34,000 --> 00:44:35,880
Speaker 13: actually he said to me, Nick, do you really want me?

962
00:44:35,960 --> 00:44:38,680
Speaker 13: He said, because I I say things that offend people,

963
00:44:38,719 --> 00:44:40,719
Speaker 13: and and and people can be quite critical of some

964
00:44:40,760 --> 00:44:42,879
Speaker 13: of the things I say. I said, but you said

965
00:44:43,080 --> 00:44:47,040
Speaker 13: as Nigel, And yeah, I really we really wanted him

966
00:44:47,040 --> 00:44:50,600
Speaker 13: on board. And yeah, and and he joined and the

967
00:44:50,640 --> 00:44:53,720
Speaker 13: rest is history. Really an amazing, amazing man.

968
00:44:54,000 --> 00:44:54,200
Speaker 24: Yeah.

969
00:44:54,520 --> 00:44:57,359
Speaker 3: How many parents do you Reckon raised his raise their

970
00:44:57,440 --> 00:44:58,400
Speaker 3: kids on his books?

971
00:44:59,480 --> 00:45:02,440
Speaker 13: Oh gosh, I think a probably a whole generation got one?

972
00:45:02,440 --> 00:45:05,920
Speaker 13: Have you got one? I do have one. It's you know,

973
00:45:06,320 --> 00:45:08,160
Speaker 13: unraising boys as well like most sons.

974
00:45:08,200 --> 00:45:08,239
Speaker 12: No.

975
00:45:08,320 --> 00:45:11,759
Speaker 13: Twenty five and some of his talks where we've been

976
00:45:11,800 --> 00:45:14,560
Speaker 13: to we've got some searched face from Nigel about raising

977
00:45:14,640 --> 00:45:18,520
Speaker 13: said boys. And yeah, I definitely think a whole generation

978
00:45:18,560 --> 00:45:21,360
Speaker 13: of curious have been raised on and has ways words

979
00:45:21,360 --> 00:45:22,200
Speaker 13: of wisdom.

980
00:45:22,239 --> 00:45:22,520
Speaker 7: Really.

981
00:45:22,920 --> 00:45:26,200
Speaker 3: Yeah, yeah, Nick, thanks very much, really appreciated. Nick Russell,

982
00:45:26,280 --> 00:45:28,960
Speaker 3: Kenzie's Gift founder and friend of friend of Nigel latter.

983
00:45:29,040 --> 00:45:30,359
Speaker 3: I actually think, you know what, I think I've got

984
00:45:30,360 --> 00:45:32,600
Speaker 3: two books. I think I might have the one about

985
00:45:32,680 --> 00:45:35,320
Speaker 3: raising boys, and I think I might have the politically

986
00:45:35,320 --> 00:45:37,520
Speaker 3: incorrect one, which actually incidentally was given to me by

987
00:45:37,520 --> 00:45:39,520
Speaker 3: one of the teachers at kindy who thought, well, it

988
00:45:39,640 --> 00:45:42,120
Speaker 3: must have just connected that had gone, Oh, she looks

989
00:45:42,120 --> 00:45:44,880
Speaker 3: like she's a politically incorrect parent. Here have that book

990
00:45:45,920 --> 00:45:48,880
Speaker 3: that'll endorse all the things that you're doing. Anyway, absolutely

991
00:45:48,920 --> 00:45:51,120
Speaker 3: have to get around to reading it hither. I don't understand.

992
00:45:51,160 --> 00:45:53,240
Speaker 3: If the government took the green tax off the petrol

993
00:45:53,600 --> 00:45:56,120
Speaker 3: and power, it would put money straight into people's pockets

994
00:45:56,120 --> 00:45:58,719
Speaker 3: immediately and they would win the election easily. So what's

995
00:45:58,760 --> 00:46:01,120
Speaker 3: the problem. I don't know. Look, I'll tell you why.

996
00:46:01,120 --> 00:46:03,040
Speaker 3: It's because if they take it out of the ets,

997
00:46:03,680 --> 00:46:06,040
Speaker 3: what it becomes is the government hates the climate. The

998
00:46:06,040 --> 00:46:07,719
Speaker 3: government's already done a bunch of stuff that puts them

999
00:46:07,760 --> 00:46:09,759
Speaker 3: on the wrong side of the climate climate activists, and

1000
00:46:09,760 --> 00:46:12,759
Speaker 3: we're just entrenched that and then it would ruin their reputations,

1001
00:46:12,760 --> 00:46:15,560
Speaker 3: and reputations are important to politicians. Listen, we've got an

1002
00:46:15,600 --> 00:46:17,560
Speaker 3: update on Dame Knowles for you, So let's talk about

1003
00:46:17,560 --> 00:46:19,000
Speaker 3: that next five to twenty two.

1004
00:46:19,560 --> 00:46:21,680
Speaker 1: Cutting through the noise to get the facts.

1005
00:46:21,840 --> 00:46:26,000
Speaker 2: It's Heather doficy Ellen Drive with one New Zealand coverage

1006
00:46:26,040 --> 00:46:28,279
Speaker 2: like no one else news dogs, they'd be.

1007
00:46:28,880 --> 00:46:30,880
Speaker 3: Here the Simon Watts was very good. They I love

1008
00:46:30,920 --> 00:46:34,360
Speaker 3: to hear his passion. Five twenty five. Listen. The latest

1009
00:46:34,440 --> 00:46:37,440
Speaker 3: on the Dame Knowles situation today is that, as we

1010
00:46:37,520 --> 00:46:40,640
Speaker 3: suspected yesterday, yes, there is a split in the senior

1011
00:46:40,680 --> 00:46:43,640
Speaker 3: Silver Ferns players as to whether Dame Knowles should return

1012
00:46:43,680 --> 00:46:45,839
Speaker 3: to the coaching job or not. There's a report out

1013
00:46:45,880 --> 00:46:49,759
Speaker 3: today that says Grayson Wicker and Karen Berger are in

1014
00:46:49,800 --> 00:46:51,920
Speaker 3: the pro noles camp, but there is a group of

1015
00:46:51,960 --> 00:46:55,040
Speaker 3: senior players who are unnamed who want it gone. They

1016
00:46:55,080 --> 00:46:57,000
Speaker 3: haven't been named, but it's been hinted that they may

1017
00:46:57,040 --> 00:46:58,800
Speaker 3: include some of the players who have not made themselves

1018
00:46:58,800 --> 00:47:01,400
Speaker 3: available for selection for the Silver Ferns. And the report

1019
00:47:01,440 --> 00:47:05,800
Speaker 3: concludes like this, Even with Wacker and Berger's endorsements, Todoer

1020
00:47:05,880 --> 00:47:08,960
Speaker 3: faces a major battle to stay on unless there is

1021
00:47:09,080 --> 00:47:12,760
Speaker 3: overwhelming approval from the players. She looks to have coached

1022
00:47:12,800 --> 00:47:15,520
Speaker 3: the side for the final time. Now, doesn't that strike

1023
00:47:15,560 --> 00:47:17,719
Speaker 3: you as being a bit mental? I don't know that

1024
00:47:17,760 --> 00:47:19,920
Speaker 3: players should have the power to dictate who the coach is.

1025
00:47:19,960 --> 00:47:22,319
Speaker 3: Do you Players will not always like the coach. That

1026
00:47:22,480 --> 00:47:24,560
Speaker 3: is the nature of the relationship. It's kind of like

1027
00:47:24,680 --> 00:47:28,160
Speaker 3: asking the students who their teachers should be. Netball New

1028
00:47:28,239 --> 00:47:30,680
Speaker 3: Zealand actually should face some really tough questions over how

1029
00:47:30,680 --> 00:47:32,560
Speaker 3: they've allowed this to happen where the players call the

1030
00:47:32,560 --> 00:47:35,040
Speaker 3: shots in the squad. In fact, it seems to me

1031
00:47:35,120 --> 00:47:37,520
Speaker 3: that there haven't actually been nearly enough tough questions for

1032
00:47:37,560 --> 00:47:41,400
Speaker 3: Netball New Zealand over how they have been instrumental in

1033
00:47:41,480 --> 00:47:43,960
Speaker 3: stuffing this whole process up. I mean, for a start,

1034
00:47:44,320 --> 00:47:46,640
Speaker 3: they left this to the last minute. This business of

1035
00:47:46,680 --> 00:47:50,319
Speaker 3: the players versus Dame Knowles was brewing since January. They

1036
00:47:50,320 --> 00:47:52,040
Speaker 3: didn't deal with it properly, and they left it until

1037
00:47:52,040 --> 00:47:54,640
Speaker 3: about ten days before the Tiny Jamison series to stand

1038
00:47:54,680 --> 00:47:57,839
Speaker 3: her down. They conducted a review without telling her about it.

1039
00:47:58,000 --> 00:48:00,040
Speaker 3: They couldn't or wouldn't tell her the names of the

1040
00:48:00,040 --> 00:48:03,080
Speaker 3: players who were complaining about it. The chief executive stayed

1041
00:48:03,120 --> 00:48:06,640
Speaker 3: on holiday while this whole crisis played out, And now

1042
00:48:06,840 --> 00:48:08,799
Speaker 3: once again they've left it to the last minute to

1043
00:48:08,840 --> 00:48:11,040
Speaker 3: sort it out because they're holding marathon meetings over the

1044
00:48:11,120 --> 00:48:13,760
Speaker 3: last couple of days. Yesterday the meeting was ten hours

1045
00:48:13,920 --> 00:48:16,640
Speaker 3: had to be resumed today. They're holding marathon meetings this

1046
00:48:16,719 --> 00:48:19,279
Speaker 3: week to sort out a thing before the Constellation Cup

1047
00:48:19,320 --> 00:48:20,760
Speaker 3: camp starts. On Monday.

1048
00:48:21,280 --> 00:48:21,440
Speaker 21: Now.

1049
00:48:21,480 --> 00:48:23,479
Speaker 3: It seems to me that if there is a blame

1050
00:48:23,520 --> 00:48:25,879
Speaker 3: on all sides, from the players to the coaching team,

1051
00:48:25,960 --> 00:48:28,719
Speaker 3: the greatest blame may in fact lie with Netball New

1052
00:48:28,800 --> 00:48:30,920
Speaker 3: Zealand for letting this get to the point where a

1053
00:48:30,960 --> 00:48:34,160
Speaker 3: world class coach is being kicked out by rebel players

1054
00:48:34,200 --> 00:48:37,480
Speaker 3: who call the shots.

1055
00:48:40,160 --> 00:48:40,359
Speaker 14: Right.

1056
00:48:40,520 --> 00:48:42,320
Speaker 3: We're going to go to the news very shortly, and

1057
00:48:42,360 --> 00:48:43,879
Speaker 3: then after that let's have a chat to act. They've

1058
00:48:43,880 --> 00:48:46,080
Speaker 3: written to Auckland University Council to try to get a

1059
00:48:46,080 --> 00:48:48,400
Speaker 3: refund for the students who paid for that compulsory to

1060
00:48:48,440 --> 00:48:51,440
Speaker 3: ol Maori course. So is it gonna happen? Is it

1061
00:48:51,440 --> 00:48:53,839
Speaker 3: not gonna happen? Palm Jeep parter is with us next

1062
00:48:53,840 --> 00:48:54,680
Speaker 3: News talks eb.

1063
00:49:06,960 --> 00:49:08,840
Speaker 14: All the.

1064
00:49:10,800 --> 00:49:15,439
Speaker 2: Hard questions, strong opinion, Heather Duplicy Ellen Drive with One

1065
00:49:15,480 --> 00:49:18,840
Speaker 2: New Zealand and the power of satellite mobile news talks.

1066
00:49:18,840 --> 00:49:22,520
Speaker 4: That'd bet judiph that so king the.

1067
00:49:22,520 --> 00:49:25,160
Speaker 3: Huddle's standing by. It's Tris Sherson and Jack's home this

1068
00:49:25,200 --> 00:49:27,080
Speaker 3: evening and then after six o'clock we're gonna have a

1069
00:49:27,120 --> 00:49:29,479
Speaker 3: chat to Look, as I said at the very start

1070
00:49:29,480 --> 00:49:31,040
Speaker 3: of this hour, there's not a lot of love for

1071
00:49:31,080 --> 00:49:34,200
Speaker 3: the government's energy plan out today Consumer New Zealand EMA.

1072
00:49:34,719 --> 00:49:36,239
Speaker 3: Both of them have things to say. They're going to

1073
00:49:36,280 --> 00:49:37,839
Speaker 3: be with us after six o'clock. So right now it's

1074
00:49:37,840 --> 00:49:40,479
Speaker 3: twenty five away from sex Now. The ACT Party wants

1075
00:49:40,480 --> 00:49:43,200
Speaker 3: Auckland University to pay back thousands of students who were

1076
00:49:43,200 --> 00:49:44,879
Speaker 3: forced to take a paper on the Treaty of White

1077
00:49:44,880 --> 00:49:47,120
Speaker 3: Tongue Antha aol Mahldy. This year, of course, was of

1078
00:49:47,120 --> 00:49:49,400
Speaker 3: course compulsory. This year it was controversial. It looks like

1079
00:49:49,440 --> 00:49:52,040
Speaker 3: it's going to be voluntary next year. ACT MP Palm

1080
00:49:52,120 --> 00:49:56,000
Speaker 3: Jeep Palmer is with us on this. Hello Pamjet, Hello Hender.

1081
00:49:56,160 --> 00:49:58,560
Speaker 3: Did it really cost up to five thy seven hundred

1082
00:49:58,600 --> 00:49:59,400
Speaker 3: dollars per student?

1083
00:50:00,440 --> 00:50:02,760
Speaker 26: That's for international students really?

1084
00:50:03,320 --> 00:50:05,640
Speaker 3: And what was it? What was it for domestic students?

1085
00:50:05,960 --> 00:50:06,400
Speaker 24: Domestic?

1086
00:50:06,480 --> 00:50:09,799
Speaker 26: Close to one thousand dollars? Okay, so it's a very

1087
00:50:09,800 --> 00:50:10,640
Speaker 26: expensive paper.

1088
00:50:10,840 --> 00:50:12,760
Speaker 3: Is that more? Is one thousand dollars for the paper?

1089
00:50:12,800 --> 00:50:14,240
Speaker 3: More expensive than your average paper.

1090
00:50:15,120 --> 00:50:18,520
Speaker 26: So normally that's the cost. But one thousand dollars students

1091
00:50:18,560 --> 00:50:23,640
Speaker 26: have to pay for this paper which is not providing

1092
00:50:23,800 --> 00:50:25,280
Speaker 26: any educational value.

1093
00:50:25,920 --> 00:50:27,960
Speaker 3: Have you had a chat to Auckland Council. Have you

1094
00:50:27,960 --> 00:50:30,440
Speaker 3: actually engaged with them on Gottenn indication from them as

1095
00:50:30,480 --> 00:50:32,359
Speaker 3: to whether they would be prepared to pay it back.

1096
00:50:33,600 --> 00:50:35,839
Speaker 26: So what I've done is I've written a letter to them.

1097
00:50:36,080 --> 00:50:39,719
Speaker 26: I've urged them to adopt Senate's decision because it will

1098
00:50:39,760 --> 00:50:42,520
Speaker 26: be really important for them to adopt that decision because

1099
00:50:42,520 --> 00:50:46,120
Speaker 26: then it becomes formal and then this paper becomes optional

1100
00:50:46,160 --> 00:50:48,480
Speaker 26: from next year. I'm really urging them to do that,

1101
00:50:48,920 --> 00:50:52,000
Speaker 26: otherwise it is going to hurt university's reputation if they

1102
00:50:52,000 --> 00:50:55,719
Speaker 26: don't do that, because this is about students choice. What

1103
00:50:55,760 --> 00:50:59,040
Speaker 26: we have seen is so far is that university has

1104
00:50:59,160 --> 00:51:03,320
Speaker 26: completely knowed a student interest going forward that should not happen.

1105
00:51:03,719 --> 00:51:06,439
Speaker 26: And given this is the only batch that is going

1106
00:51:06,480 --> 00:51:09,480
Speaker 26: to suffer because of this bad decision of the university,

1107
00:51:10,000 --> 00:51:13,080
Speaker 26: I have written in the letter that the university should

1108
00:51:13,080 --> 00:51:15,880
Speaker 26: be thinking about some sort of relief for these students.

1109
00:51:16,200 --> 00:51:19,200
Speaker 26: And I have provided one idea in that letter that

1110
00:51:19,400 --> 00:51:23,640
Speaker 26: is to provide financial credit which should be equivalent to

1111
00:51:24,600 --> 00:51:28,560
Speaker 26: fees that students paid for WTR, so that students can

1112
00:51:28,719 --> 00:51:31,160
Speaker 26: use this towards the paper of their choice.

1113
00:51:31,280 --> 00:51:34,719
Speaker 3: Okay, the thing is, they did get credits from these papers, right,

1114
00:51:34,880 --> 00:51:36,960
Speaker 3: and if they hadn't got credits from these papers, they

1115
00:51:36,960 --> 00:51:38,719
Speaker 3: would have had to get credits from other papers, which

1116
00:51:38,760 --> 00:51:40,200
Speaker 3: would have cost them as well. So they ended up

1117
00:51:40,239 --> 00:51:42,840
Speaker 3: probably about the same, haven't they.

1118
00:51:42,960 --> 00:51:46,279
Speaker 26: So my thinking here is that students didn't get to

1119
00:51:46,320 --> 00:51:49,040
Speaker 26: study what they really wanted to study, so they had

1120
00:51:49,080 --> 00:51:52,840
Speaker 26: to push some papers out, papers that they really wanted to,

1121
00:51:53,880 --> 00:51:56,799
Speaker 26: papers that are relevant to their degree or their aspirations.

1122
00:51:57,040 --> 00:52:00,080
Speaker 26: So they'll have to do that paper in future.

1123
00:51:59,800 --> 00:52:02,680
Speaker 3: Some Yeah, Okay, fair enough, Palji, thanks very much for

1124
00:52:02,680 --> 00:52:05,839
Speaker 3: your time. Palmji Palmer at Party MP and Education Spokesperson

1125
00:52:05,840 --> 00:52:06,800
Speaker 3: twenty two away from.

1126
00:52:06,680 --> 00:52:11,400
Speaker 2: Six The Huddle with New Zealand Southeby's International Realty, the

1127
00:52:11,480 --> 00:52:13,640
Speaker 2: global leader in luxury real estate.

1128
00:52:13,760 --> 00:52:15,239
Speaker 3: On the Huddle with us this evening, we have Tris

1129
00:52:15,280 --> 00:52:17,600
Speaker 3: Sharson of Sarson Willis PR and Jack Tame host Q

1130
00:52:17,680 --> 00:52:19,920
Speaker 3: and A and Saturday Mornings on newstalksz B. Hello you two.

1131
00:52:20,880 --> 00:52:21,920
Speaker 5: Hello Trish.

1132
00:52:21,960 --> 00:52:23,799
Speaker 3: That energy plans underwhelming, isn't it?

1133
00:52:25,080 --> 00:52:32,680
Speaker 27: Oh? I was thinking I heard you mentioned Fraser Winney recently,

1134
00:52:32,719 --> 00:52:36,359
Speaker 27: and I was reflecting on the opening line of one

1135
00:52:36,360 --> 00:52:39,200
Speaker 27: of the lines that he had in his piece that

1136
00:52:39,280 --> 00:52:42,000
Speaker 27: appeared in the Herald on this and you know, the

1137
00:52:42,160 --> 00:52:47,080
Speaker 27: statement was that power crises end political careers and that

1138
00:52:47,400 --> 00:52:51,600
Speaker 27: every politician in New Zealand should be worried about keeping

1139
00:52:51,640 --> 00:52:55,600
Speaker 27: the lights on. And I think, you know, the difficulty

1140
00:52:55,719 --> 00:52:58,680
Speaker 27: is when you look at the politics of this, it

1141
00:52:58,960 --> 00:53:04,880
Speaker 27: feels to me like another potentially lowest common denominator outcome

1142
00:53:05,160 --> 00:53:09,880
Speaker 27: because of the tension of the National Party being caught

1143
00:53:10,120 --> 00:53:14,799
Speaker 27: between act on one side, who wants to privatize the

1144
00:53:14,840 --> 00:53:19,120
Speaker 27: lot in electricity, and New Zealand First on the other side,

1145
00:53:19,680 --> 00:53:25,200
Speaker 27: who want to nationalize the lot. So we've ended up

1146
00:53:25,360 --> 00:53:27,879
Speaker 27: with a lot of sort of huffing and puffing for

1147
00:53:27,920 --> 00:53:32,279
Speaker 27: several months, but nothing really to come out of it.

1148
00:53:32,560 --> 00:53:38,080
Speaker 27: And certainly, you know, from what I can see, there

1149
00:53:38,160 --> 00:53:42,520
Speaker 27: is no there's certainly no immediate relief to power prices.

1150
00:53:43,440 --> 00:53:46,839
Speaker 3: But carry on, carry on, I'm just going to say.

1151
00:53:46,840 --> 00:53:50,640
Speaker 27: But the other thing to remember is that in my

1152
00:53:50,840 --> 00:53:53,439
Speaker 27: view in New Zealand, in the last sort of five

1153
00:53:53,560 --> 00:53:57,319
Speaker 27: or six years, we have fallen into a simplistic trap

1154
00:53:57,640 --> 00:54:04,760
Speaker 27: of shouting about structural separation as the as the fix

1155
00:54:04,920 --> 00:54:09,960
Speaker 27: to everything. And in this case there is no evidence

1156
00:54:10,120 --> 00:54:13,200
Speaker 27: that that that I can see that the government could

1157
00:54:13,239 --> 00:54:17,680
Speaker 27: rely on if it went down such a sort of

1158
00:54:17,760 --> 00:54:20,799
Speaker 27: nuclear option path. There is no evidence to say that

1159
00:54:20,800 --> 00:54:24,320
Speaker 27: that in fact would bring power prices down.

1160
00:54:24,520 --> 00:54:26,319
Speaker 3: No, I agree with you, Jack, What do you make

1161
00:54:26,320 --> 00:54:26,839
Speaker 3: of the whole thing?

1162
00:54:27,680 --> 00:54:31,280
Speaker 10: Well, my question is, can either of you name any

1163
00:54:31,760 --> 00:54:35,040
Speaker 10: any person with skin in the game, or any group

1164
00:54:35,280 --> 00:54:37,680
Speaker 10: that's happy about this? Just seems to me like the

1165
00:54:37,960 --> 00:54:40,120
Speaker 10: universal feedback today has been that.

1166
00:54:41,760 --> 00:54:47,359
Speaker 3: The gentailors are Stokes and as our shareholders who are

1167
00:54:47,360 --> 00:54:48,879
Speaker 3: happy that the shares went up.

1168
00:54:49,280 --> 00:54:52,880
Speaker 10: Fair point, fair point. But certainly the major major energy

1169
00:54:52,960 --> 00:54:56,400
Speaker 10: use that are happy. Business groups aren't happy. The unions

1170
00:54:56,440 --> 00:54:58,879
Speaker 10: aren't happy. I'm not happy looking at my power bill.

1171
00:54:58,960 --> 00:55:03,120
Speaker 10: I mean it. It does seem like, at least from

1172
00:55:03,160 --> 00:55:05,120
Speaker 10: the changes of announced today, that there are not going

1173
00:55:05,160 --> 00:55:08,400
Speaker 10: to be really significant changes to the cost of electricity

1174
00:55:08,440 --> 00:55:12,400
Speaker 10: anytime sometimes, anytime soon. It's pretty obvious. I think that

1175
00:55:13,239 --> 00:55:15,920
Speaker 10: we need to find some sort of way to massively

1176
00:55:16,000 --> 00:55:19,239
Speaker 10: incentivize generation in a way that it hasn't been generated

1177
00:55:19,480 --> 00:55:22,239
Speaker 10: for a long time. Successive government. I woudag you've been

1178
00:55:22,280 --> 00:55:24,640
Speaker 10: responsible for that. I don't think this is going to

1179
00:55:24,640 --> 00:55:28,520
Speaker 10: majorly shift the dial. And I think they're running a

1180
00:55:28,520 --> 00:55:31,759
Speaker 10: bit of a delicate political game here, because if you

1181
00:55:31,800 --> 00:55:33,960
Speaker 10: look at this, you look at the you know, the

1182
00:55:34,840 --> 00:55:37,760
Speaker 10: changes announced by supermarket. Will it's ask the supermarket study

1183
00:55:37,800 --> 00:55:40,319
Speaker 10: that kind of thing. If the economy is still in

1184
00:55:40,360 --> 00:55:42,719
Speaker 10: a really tough place in eight or ten months time,

1185
00:55:42,800 --> 00:55:45,040
Speaker 10: people are feeling the cost of living in a big

1186
00:55:45,080 --> 00:55:47,560
Speaker 10: way going into another winter. They'll be looking at the

1187
00:55:47,560 --> 00:55:49,319
Speaker 10: government and say, hang on, what did you do to

1188
00:55:49,400 --> 00:55:51,720
Speaker 10: help me on two of the biggest things that affect

1189
00:55:51,800 --> 00:55:54,640
Speaker 10: my cost of living energy prices and food prices. I

1190
00:55:54,680 --> 00:55:57,720
Speaker 10: think there is you know, the potential for some political

1191
00:55:57,800 --> 00:55:59,839
Speaker 10: vulnerability there. So it's interesting to see.

1192
00:56:00,600 --> 00:56:06,280
Speaker 27: Well, there's no doubt that one of the outcomes from

1193
00:56:06,760 --> 00:56:11,799
Speaker 27: today's announcement is that it is really given or really

1194
00:56:11,840 --> 00:56:14,520
Speaker 27: short up what I think will be a big election

1195
00:56:14,640 --> 00:56:18,120
Speaker 27: plank for New Zealand First next year. You know, and

1196
00:56:18,239 --> 00:56:22,759
Speaker 27: you've already heard Shane Jones coming out and sort of

1197
00:56:22,880 --> 00:56:27,400
Speaker 27: talking words to that effect. But you know, imagine we're

1198
00:56:27,440 --> 00:56:31,959
Speaker 27: in winter next year heading into the election. Things aren't

1199
00:56:32,000 --> 00:56:36,160
Speaker 27: going well and we've got a dry winter, and we're

1200
00:56:36,160 --> 00:56:38,640
Speaker 27: worried about keeping the lights on, let alone paying for

1201
00:56:38,680 --> 00:56:41,960
Speaker 27: the power. You know, New Zealand First are going to

1202
00:56:42,000 --> 00:56:43,320
Speaker 27: be all over this trish.

1203
00:56:43,360 --> 00:56:45,040
Speaker 3: We're going to have a dry winter next winter, aren't

1204
00:56:45,040 --> 00:56:50,160
Speaker 3: we Well I'm not from No, No, but we are.

1205
00:56:50,320 --> 00:56:52,560
Speaker 4: Why aren't my powers are?

1206
00:56:54,080 --> 00:56:56,239
Speaker 27: I can't I can't predict that, but.

1207
00:56:56,360 --> 00:56:58,319
Speaker 3: No, but I listen to it here here am I

1208
00:56:58,360 --> 00:57:00,800
Speaker 3: thinking on this at the moment. We have had below

1209
00:57:00,880 --> 00:57:04,319
Speaker 3: average snowfall, right, and so what happens is that it

1210
00:57:04,400 --> 00:57:06,320
Speaker 3: melts over summer, but there's not that much to the

1211
00:57:06,400 --> 00:57:09,120
Speaker 3: hydro dams aren't that full next year? So that means

1212
00:57:09,120 --> 00:57:12,040
Speaker 3: we are going like next year might be really hairy

1213
00:57:12,280 --> 00:57:14,759
Speaker 3: and to your point, trash and actually to Jack's point

1214
00:57:14,800 --> 00:57:16,439
Speaker 3: as well, we're going to go into it. We're gonna

1215
00:57:16,440 --> 00:57:18,480
Speaker 3: have a stink old winter again with all of these

1216
00:57:18,520 --> 00:57:21,320
Speaker 3: mills closing down because the energy prices are high, and

1217
00:57:21,320 --> 00:57:23,120
Speaker 3: we're going to turn around and go yeah. And so

1218
00:57:23,400 --> 00:57:26,720
Speaker 3: when Simon announced that thing last October, it didn't do anything.

1219
00:57:26,760 --> 00:57:28,520
Speaker 3: What are you guys actually doing? Isn't that what's going

1220
00:57:28,560 --> 00:57:28,960
Speaker 3: to happen?

1221
00:57:29,720 --> 00:57:30,040
Speaker 28: Well?

1222
00:57:30,160 --> 00:57:31,360
Speaker 13: And isn't this?

1223
00:57:31,600 --> 00:57:34,840
Speaker 27: Isn't this the big problem that it's hard for New

1224
00:57:34,920 --> 00:57:39,040
Speaker 27: Zealanders to get their head around because we are constantly

1225
00:57:39,120 --> 00:57:41,240
Speaker 27: told we are living in a country with all of

1226
00:57:41,240 --> 00:57:45,960
Speaker 27: these amazing benefits, including that we have all of this

1227
00:57:46,040 --> 00:57:51,080
Speaker 27: renewable energy and yet we are having to deal with

1228
00:57:51,120 --> 00:57:53,920
Speaker 27: the risk that we can't keep the lights on through

1229
00:57:54,640 --> 00:57:57,880
Speaker 27: a winter. And so I think for most people that's

1230
00:57:57,960 --> 00:58:01,280
Speaker 27: where this whole issue just doesn't stat totally.

1231
00:58:01,480 --> 00:58:05,200
Speaker 3: Now, Jack, you are my resident climate lovey, So how

1232
00:58:05,280 --> 00:58:06,760
Speaker 3: I got to test this with you? Or to just

1233
00:58:06,840 --> 00:58:08,000
Speaker 3: sense check with you on this?

1234
00:58:08,760 --> 00:58:09,120
Speaker 10: Yeah?

1235
00:58:09,200 --> 00:58:09,480
Speaker 3: You are?

1236
00:58:09,680 --> 00:58:09,880
Speaker 10: Yeah?

1237
00:58:10,160 --> 00:58:10,919
Speaker 1: How much love?

1238
00:58:11,840 --> 00:58:12,040
Speaker 12: Yeah?

1239
00:58:12,080 --> 00:58:15,960
Speaker 3: Giving me a shirt for Jack and this cheese Jack?

1240
00:58:16,120 --> 00:58:17,960
Speaker 3: Or now you're now you're turning into hypocrite? Hey, no,

1241
00:58:18,040 --> 00:58:20,280
Speaker 3: but listen, how would you how much would you flip

1242
00:58:20,320 --> 00:58:22,400
Speaker 3: out if they took electricity out of the ETS to

1243
00:58:22,400 --> 00:58:25,000
Speaker 3: make it cheap before us.

1244
00:58:26,000 --> 00:58:30,880
Speaker 10: I wouldn't be happy about it at all because I think, Yeah,

1245
00:58:30,920 --> 00:58:33,240
Speaker 10: I mean, I think the ETS has are other problems.

1246
00:58:33,640 --> 00:58:35,640
Speaker 3: But then when your power bill came down by I

1247
00:58:35,640 --> 00:58:38,160
Speaker 3: don't know, let's say your power bill comes down by

1248
00:58:38,200 --> 00:58:40,160
Speaker 3: twenty percent, fifteen percent, will you be happy then?

1249
00:58:40,920 --> 00:58:41,160
Speaker 1: Yeah?

1250
00:58:41,240 --> 00:58:42,760
Speaker 10: Oh well I'm sure I would be. I'm sure i'd

1251
00:58:42,760 --> 00:58:44,680
Speaker 10: be happy with with the short term benefit, no doubt,

1252
00:58:44,720 --> 00:58:46,920
Speaker 10: But I mean I'd be much happier in the spirit

1253
00:58:47,880 --> 00:58:53,840
Speaker 10: of a cleaner emissions profile. We massively massively invested in

1254
00:58:53,960 --> 00:58:55,320
Speaker 10: other renewable.

1255
00:58:55,160 --> 00:58:57,800
Speaker 3: But Jack, you're failing to understand the problem, the.

1256
00:58:57,720 --> 00:58:59,960
Speaker 10: Problem one line, Give me one line as a resident

1257
00:59:00,040 --> 00:59:02,680
Speaker 10: climate lover, and then you know that the world at

1258
00:59:02,720 --> 00:59:05,800
Speaker 10: the moment solar is now so cheap that the world

1259
00:59:05,880 --> 00:59:08,920
Speaker 10: is putting on the equivalent and generation capacity of mus

1260
00:59:08,960 --> 00:59:13,040
Speaker 10: Zealand's entire generation capacity every five and a bit days

1261
00:59:13,040 --> 00:59:14,680
Speaker 10: and solar solar at.

1262
00:59:14,480 --> 00:59:17,320
Speaker 3: Our problem is not the renewable stuff every five days.

1263
00:59:17,760 --> 00:59:20,440
Speaker 3: Our problem is not renewable. Our problem is firming capacity,

1264
00:59:20,600 --> 00:59:22,520
Speaker 3: which is colon gas. That's our problem.

1265
00:59:23,440 --> 00:59:24,480
Speaker 10: That's a problem.

1266
00:59:24,640 --> 00:59:26,720
Speaker 5: But problem that is our generation.

1267
00:59:27,520 --> 00:59:30,040
Speaker 10: No, that's that's for an energy security perspective, but from

1268
00:59:30,440 --> 00:59:32,640
Speaker 10: but from a getting your powerable down perspective, you just

1269
00:59:32,640 --> 00:59:33,760
Speaker 10: need to be generating farm.

1270
00:59:34,440 --> 00:59:37,000
Speaker 3: No, it is also your power No, it's also your

1271
00:59:37,000 --> 00:59:40,480
Speaker 3: power bill. Problem is the absolutely is no, it is

1272
00:59:40,520 --> 00:59:42,680
Speaker 3: it is your powerball problem. Anyway, we will take a

1273
00:59:42,680 --> 00:59:44,000
Speaker 3: break fourteen away from.

1274
00:59:43,840 --> 00:59:48,080
Speaker 2: Six the huddle with New Zealand Southby's International Realty. Find

1275
00:59:48,120 --> 00:59:49,760
Speaker 2: your one of a kind.

1276
00:59:50,240 --> 00:59:52,440
Speaker 3: Right your back of the huddle, got Jack, Tame Trishurson Jack?

1277
00:59:52,520 --> 00:59:55,480
Speaker 3: Do you use this? Is this okay? I have been

1278
00:59:55,520 --> 00:59:58,520
Speaker 3: proven to be technologically inep today. Do you use your

1279
00:59:58,560 --> 00:59:59,760
Speaker 3: phone to pay for things?

1280
01:00:00,680 --> 01:00:00,919
Speaker 10: Yeah?

1281
01:00:01,640 --> 01:00:02,160
Speaker 5: Do you not.

1282
01:00:02,600 --> 01:00:05,120
Speaker 3: No, No, how long have you been doing this?

1283
01:00:06,120 --> 01:00:07,200
Speaker 10: What you don't use?

1284
01:00:07,320 --> 01:00:07,400
Speaker 12: Like?

1285
01:00:07,480 --> 01:00:08,919
Speaker 10: You don't like Apple past?

1286
01:00:09,480 --> 01:00:10,360
Speaker 12: No? Well?

1287
01:00:10,400 --> 01:00:11,720
Speaker 3: Like is that the thing when you put the credit

1288
01:00:11,800 --> 01:00:12,960
Speaker 3: card on the phone and then you tap it on

1289
01:00:13,000 --> 01:00:13,960
Speaker 3: the f poss machine?

1290
01:00:14,320 --> 01:00:16,120
Speaker 10: Do you use a physical critic card?

1291
01:00:16,240 --> 01:00:16,479
Speaker 1: Yes?

1292
01:00:17,080 --> 01:00:19,439
Speaker 3: No, you tell me you do this as well.

1293
01:00:20,480 --> 01:00:23,720
Speaker 27: I'm surprised you're not Morse coding out the show hither.

1294
01:00:27,400 --> 01:00:28,920
Speaker 3: Okay, are you for real?

1295
01:00:29,320 --> 01:00:29,520
Speaker 14: Yes?

1296
01:00:29,800 --> 01:00:32,320
Speaker 3: I was shocked, Trish. I was reading today in the

1297
01:00:32,320 --> 01:00:34,880
Speaker 3: British papers that fifty percent of the UK adults are

1298
01:00:34,920 --> 01:00:36,960
Speaker 3: doing this and in my age bracket is like fifty

1299
01:00:37,040 --> 01:00:39,480
Speaker 3: nine percent and I don't do it, and I'm shocked.

1300
01:00:40,520 --> 01:00:41,280
Speaker 27: Hey, you need to.

1301
01:00:41,200 --> 01:00:41,720
Speaker 7: Get that.

1302
01:00:43,400 --> 01:00:45,439
Speaker 10: Under you're so enthusiastic about oil and gas.

1303
01:00:45,600 --> 01:00:50,440
Speaker 3: Yeah, because my credit card I get Okay, all right, guys,

1304
01:00:50,600 --> 01:00:52,720
Speaker 3: I feel like it's going to be my task tonight. Jack.

1305
01:00:52,720 --> 01:00:54,080
Speaker 3: Can you come over and help me with the police.

1306
01:00:54,280 --> 01:00:55,000
Speaker 10: Yeah, you could do this.

1307
01:00:55,080 --> 01:00:55,240
Speaker 1: You know.

1308
01:00:55,520 --> 01:00:56,640
Speaker 10: I hate to break it to you, but you know

1309
01:00:56,640 --> 01:00:59,320
Speaker 10: the government's got some big plans about digital driver's life

1310
01:00:59,600 --> 01:01:01,400
Speaker 10: as well. You know it's going to a long You're

1311
01:01:01,400 --> 01:01:03,080
Speaker 10: going to be able to live your life with nothing

1312
01:01:03,080 --> 01:01:04,480
Speaker 10: more than that phone in your pocket.

1313
01:01:04,560 --> 01:01:05,600
Speaker 3: Yeah, I watch on my wrist.

1314
01:01:06,320 --> 01:01:08,440
Speaker 27: Have you you know what here? They just go on

1315
01:01:08,560 --> 01:01:10,840
Speaker 27: pop online tonight and sign up for one of the

1316
01:01:10,920 --> 01:01:13,160
Speaker 27: senior net classes.

1317
01:01:16,040 --> 01:01:18,120
Speaker 3: You're a hideous person. Have you got any of the

1318
01:01:18,200 --> 01:01:20,280
Speaker 3: Nigel Latter books? Trish? Did you raise your son on

1319
01:01:20,280 --> 01:01:22,320
Speaker 3: any of them?

1320
01:01:22,800 --> 01:01:27,120
Speaker 27: I have to admit this. I adopted a read nothing

1321
01:01:27,240 --> 01:01:31,560
Speaker 27: approach through my entire parenting career, including when I was pregnant,

1322
01:01:32,880 --> 01:01:37,360
Speaker 27: and I found that a very useful approach because you

1323
01:01:37,400 --> 01:01:44,360
Speaker 27: couldn't ever think you were doing anything wrong. But having

1324
01:01:44,720 --> 01:01:49,800
Speaker 27: watched some of Nigel's programs, what I really loved about him,

1325
01:01:49,800 --> 01:01:52,720
Speaker 27: and I think this is this is tough to get right,

1326
01:01:53,160 --> 01:02:00,920
Speaker 27: but he managed despire confidence and positivity to parents and

1327
01:02:01,400 --> 01:02:04,600
Speaker 27: others in what they were doing without coming across as

1328
01:02:04,640 --> 01:02:07,800
Speaker 27: being pious. And maybe that was one of my aversions

1329
01:02:07,840 --> 01:02:11,440
Speaker 27: to reading books on these matters, because often they make

1330
01:02:11,480 --> 01:02:14,040
Speaker 27: you feel like you're doing everything wrong. And I'm quite

1331
01:02:14,080 --> 01:02:16,920
Speaker 27: a sort of a practical person who thinks I'm quite capable.

1332
01:02:16,960 --> 01:02:19,720
Speaker 27: But I thought in the way he managed to communicate

1333
01:02:19,800 --> 01:02:23,560
Speaker 27: this stuff, it was pretty pretty clever and amazing.

1334
01:02:24,320 --> 01:02:25,640
Speaker 3: Yeah, I think that's a fair point.

1335
01:02:25,720 --> 01:02:25,880
Speaker 14: Jack.

1336
01:02:25,880 --> 01:02:28,800
Speaker 3: Did you ever you would have interviewed him, wouldn't you do?

1337
01:02:28,840 --> 01:02:30,840
Speaker 10: You know, I actually haven't, And I'm actually sad to

1338
01:02:30,840 --> 01:02:33,120
Speaker 10: say I was she eduled to interview them. I was

1339
01:02:33,120 --> 01:02:35,560
Speaker 10: actually she dalked to interview him tomorrow, and a couple

1340
01:02:35,600 --> 01:02:38,600
Speaker 10: of weeks ago the interview got pushed back and yeah,

1341
01:02:38,680 --> 01:02:40,040
Speaker 10: I was going to be talking to him about his

1342
01:02:40,080 --> 01:02:42,919
Speaker 10: new books. So it was really really sad to see

1343
01:02:42,920 --> 01:02:45,760
Speaker 10: the news today. I just think he I think I

1344
01:02:45,760 --> 01:02:49,760
Speaker 10: always think it's remarkable when people are successful in one

1345
01:02:49,840 --> 01:02:52,640
Speaker 10: field and then part way through their life, you know,

1346
01:02:52,760 --> 01:02:55,880
Speaker 10: like kind of into middle age, they have this massive

1347
01:02:55,920 --> 01:02:59,640
Speaker 10: shift and move into a completely barely related field. And

1348
01:02:59,640 --> 01:03:03,360
Speaker 10: I just think, you know, it kind of spoke so

1349
01:03:03,480 --> 01:03:06,560
Speaker 10: much about his communicative capacity that he was able to

1350
01:03:06,760 --> 01:03:11,120
Speaker 10: bring his field of experty expertise to the masses, both

1351
01:03:11,200 --> 01:03:13,720
Speaker 10: Varia's books and via TV, like he was a very

1352
01:03:13,840 --> 01:03:17,480
Speaker 10: very skillful TV presenter and someone who hadn't had much

1353
01:03:17,480 --> 01:03:19,960
Speaker 10: experience in it. And yeah, I just think it's kind

1354
01:03:19,960 --> 01:03:22,160
Speaker 10: of rare that you come across, you know, talents like that,

1355
01:03:22,200 --> 01:03:25,400
Speaker 10: where people can have expertise in one field and then

1356
01:03:25,480 --> 01:03:28,400
Speaker 10: come into a kind of show pony business like television

1357
01:03:28,560 --> 01:03:31,360
Speaker 10: and excel as well, and clearly he did, so, Yeah,

1358
01:03:31,400 --> 01:03:31,800
Speaker 10: we have that.

1359
01:03:32,080 --> 01:03:34,240
Speaker 3: Yeah, thank you very much, guys, appreciate and thanks for

1360
01:03:34,280 --> 01:03:38,160
Speaker 3: the advice on the cell phone Trisherson Jack Tayne Away from.

1361
01:03:38,040 --> 01:03:41,959
Speaker 2: Six It's the Heather Duper c Allen Drive Full Show

1362
01:03:42,040 --> 01:03:45,760
Speaker 2: podcast on my Ard Radio powered by News Talk ZB.

1363
01:03:48,440 --> 01:03:51,360
Speaker 3: Hither on the solar power I was quoted thirty eight

1364
01:03:51,480 --> 01:03:53,840
Speaker 3: thousand dollars to have the solar panels and the battery

1365
01:03:53,840 --> 01:03:55,840
Speaker 3: fitted at our house. And that's just for two people.

1366
01:03:56,360 --> 01:03:58,800
Speaker 3: And as long as India and China and Vietnam keep

1367
01:03:58,840 --> 01:04:01,000
Speaker 3: pumping out toxins, what's the point. I would much rather

1368
01:04:01,080 --> 01:04:06,840
Speaker 3: have cheaper energy than being smug Graham. Look, I think,

1369
01:04:07,080 --> 01:04:09,880
Speaker 3: having thought about this a lot personally, and because I

1370
01:04:10,240 --> 01:04:12,320
Speaker 3: can see that the whole climate thing is just that,

1371
01:04:12,440 --> 01:04:15,920
Speaker 3: you know, the as Winston pointed out the other day,

1372
01:04:15,920 --> 01:04:18,600
Speaker 3: sixty percent of the world's emissions are being produced by

1373
01:04:18,600 --> 01:04:20,640
Speaker 3: four countries who are not doing their bit right. You

1374
01:04:20,640 --> 01:04:22,680
Speaker 3: can see there's very little point actually in us being

1375
01:04:22,720 --> 01:04:24,840
Speaker 3: involved with an ets and stuff like that. So when

1376
01:04:24,880 --> 01:04:27,800
Speaker 3: you consider all things, I think, pull the electricity sector

1377
01:04:27,840 --> 01:04:30,360
Speaker 3: out of the etes, give these businesses a fighting chance,

1378
01:04:30,600 --> 01:04:32,680
Speaker 3: never mind about the climate, because we're not actually doing

1379
01:04:32,720 --> 01:04:35,120
Speaker 3: that much damage. In any case, it's arguable as to

1380
01:04:35,120 --> 01:04:37,280
Speaker 3: where the New Zealand's doing any damage given that the

1381
01:04:37,320 --> 01:04:39,840
Speaker 3: carbon sink we found the other day in Fiordland. But anyway,

1382
01:04:39,840 --> 01:04:42,280
Speaker 3: that's another debate. But the thing is I think that,

1383
01:04:42,640 --> 01:04:45,120
Speaker 3: but not everybody thinks that right because most people are going,

1384
01:04:45,200 --> 01:04:47,000
Speaker 3: oh the atf and we're doing so much God for

1385
01:04:47,080 --> 01:04:50,280
Speaker 3: the climate. So I think this chat about the ETS

1386
01:04:50,960 --> 01:04:53,320
Speaker 3: is we're probably a little ahead of the curve on it,

1387
01:04:53,360 --> 01:04:55,880
Speaker 3: and it's probably years away before this becomes a realistic

1388
01:04:55,920 --> 01:04:57,960
Speaker 3: thing that the government may actually be able to consider

1389
01:04:58,200 --> 01:05:00,440
Speaker 3: pulling sectors out of the ETS. But still by we'll

1390
01:05:00,440 --> 01:05:03,480
Speaker 3: see if it maybe gets there, because like you, I know,

1391
01:05:03,520 --> 01:05:05,960
Speaker 3: we're not actually saving the climate in New Zealand, so

1392
01:05:06,000 --> 01:05:08,400
Speaker 3: I would but rather that we just made cheaper electricity

1393
01:05:08,400 --> 01:05:11,520
Speaker 3: and legit did save the businesses that we could save. Anyway,

1394
01:05:11,520 --> 01:05:14,000
Speaker 3: we're going to talk to John Duffy and Alla McDonald

1395
01:05:14,040 --> 01:05:16,240
Speaker 3: of Consumer New Zealand and the NA after six about

1396
01:05:16,240 --> 01:05:19,120
Speaker 3: the energy plan just really quickly, really interesting development from

1397
01:05:19,120 --> 01:05:22,600
Speaker 3: America in terms of you know, making babies and stuff.

1398
01:05:22,640 --> 01:05:26,520
Speaker 3: American researchers have been able to create functional human eggs

1399
01:05:26,880 --> 01:05:29,640
Speaker 3: from skin So what they did is they took one

1400
01:05:29,720 --> 01:05:32,320
Speaker 3: person's skin and then out of the cells, they took

1401
01:05:32,360 --> 01:05:34,480
Speaker 3: the DNA out right, and then they put in another

1402
01:05:34,520 --> 01:05:37,280
Speaker 3: person's DNA, and then they turned it into a sex

1403
01:05:37,360 --> 01:05:40,560
Speaker 3: cell ready for fertilization, so basically an egg. Then they

1404
01:05:40,600 --> 01:05:44,000
Speaker 3: fertilized that egg with sperm and it started growing into

1405
01:05:44,040 --> 01:05:46,280
Speaker 3: an embryo. And they kept this going for six days,

1406
01:05:46,320 --> 01:05:48,320
Speaker 3: and then they halted the experiment because that's the point

1407
01:05:48,320 --> 01:05:51,000
Speaker 3: of which it becomes morally a little bit bit murky.

1408
01:05:51,320 --> 01:05:53,520
Speaker 3: That's the point at which an embryo would be transferred

1409
01:05:53,520 --> 01:05:56,320
Speaker 3: into a womb if they were doing IVF. Now what

1410
01:05:56,400 --> 01:06:00,000
Speaker 3: this means taking the skin, replacing the DNA, blah blah blah.

1411
01:06:00,120 --> 01:06:03,400
Speaker 3: What this means is that they may be actually may

1412
01:06:03,440 --> 01:06:07,280
Speaker 3: actually be able to create babies without a biological mother

1413
01:06:07,520 --> 01:06:09,280
Speaker 3: because they don't need an egg now, right, So they

1414
01:06:09,280 --> 01:06:11,520
Speaker 3: can take someone's skin and then they can put a

1415
01:06:11,640 --> 01:06:14,280
Speaker 3: dad's DNA into it and then they can fertilize it

1416
01:06:14,320 --> 01:06:18,480
Speaker 3: with another dad's sperms. That so homosexual male couples may

1417
01:06:18,520 --> 01:06:21,120
Speaker 3: be able to have babies that are actually made from

1418
01:06:21,160 --> 01:06:23,960
Speaker 3: the two males no mum involved. Also could provide an

1419
01:06:24,040 --> 01:06:27,440
Speaker 3: unlimited supply of fresh eggs for women who struggle to conceive.

1420
01:06:27,560 --> 01:06:30,640
Speaker 3: Isn't that fascinating? And isn't it also just going to

1421
01:06:30,680 --> 01:06:34,080
Speaker 3: open a can of worms about that debate? Hey, anyway

1422
01:06:34,160 --> 01:06:39,640
Speaker 3: back to the energy thing. Next Newstalk said Bill, you.

1423
01:06:43,120 --> 01:07:04,120
Speaker 1: Tread on the reeling not so hand this soulhtquad's up?

1424
01:07:04,680 --> 01:07:08,120
Speaker 1: What's down? What with a major cause? And how will

1425
01:07:08,160 --> 01:07:09,240
Speaker 1: it affect the economy?

1426
01:07:09,720 --> 01:07:14,320
Speaker 2: The big business questions on the Business Hour with Heather Duplicy,

1427
01:07:14,400 --> 01:07:19,080
Speaker 2: Allen and Mass for insurance investments and Huie Safer You're

1428
01:07:19,120 --> 01:07:21,000
Speaker 2: in good hands News talks.

1429
01:07:20,720 --> 01:07:23,440
Speaker 3: He'd be even in Coming up in the next hour

1430
01:07:23,520 --> 01:07:26,800
Speaker 3: Milford Asset Management with the market reaction to the energy announcement,

1431
01:07:27,040 --> 01:07:30,320
Speaker 3: a Wellington property owner on why he's ignoring the softer

1432
01:07:30,440 --> 01:07:32,760
Speaker 3: earthquake standards, and Gavin Gray will do the UK for

1433
01:07:32,880 --> 01:07:36,040
Speaker 3: us at seven past six. Well Today's energy announcement has

1434
01:07:36,120 --> 01:07:42,080
Speaker 3: been labeled a damp squib, weak, not bold, tinkering, short sighted,

1435
01:07:42,560 --> 01:07:45,320
Speaker 3: a missed opportunity. In short, it's really hard to find

1436
01:07:45,360 --> 01:07:47,920
Speaker 3: anyone who really rates it. With their reaction. We have

1437
01:07:48,080 --> 01:07:51,120
Speaker 3: John Duffy, the CEO of Consumer New Zealand, and Alan McDonald,

1438
01:07:51,160 --> 01:07:54,520
Speaker 3: the head of advocacy for the Employers and Manufacturers Association. Highlights.

1439
01:07:55,840 --> 01:08:00,160
Speaker 25: Hi, Hi, John Alan. Do you like it, al No,

1440
01:08:00,320 --> 01:08:04,680
Speaker 25: it's thoroughly underwhelming. Really hither the report. If it did anything,

1441
01:08:04,720 --> 01:08:07,800
Speaker 25: there's a lot of talk around consensus and bipartisanship. It

1442
01:08:07,880 --> 01:08:10,760
Speaker 25: probably united every part of the House in some part

1443
01:08:10,800 --> 01:08:14,520
Speaker 25: of the report they didn't like, So it's pretty uderwhelming.

1444
01:08:14,560 --> 01:08:15,880
Speaker 3: Do you think it's going to stop the closure of

1445
01:08:15,920 --> 01:08:16,320
Speaker 3: the mills.

1446
01:08:18,240 --> 01:08:18,280
Speaker 14: No.

1447
01:08:18,400 --> 01:08:20,680
Speaker 25: I think it's too late for that, and there'll be

1448
01:08:20,880 --> 01:08:25,040
Speaker 25: just there's nothing really in there short term that offers

1449
01:08:25,080 --> 01:08:28,160
Speaker 25: any kind of assistance for those people already in that

1450
01:08:28,320 --> 01:08:31,360
Speaker 25: spiral where they're looking at tough decisions to close or

1451
01:08:31,439 --> 01:08:33,599
Speaker 25: downsize and all that sort of thing. If it's driven

1452
01:08:33,680 --> 01:08:35,080
Speaker 25: by electricity pricing.

1453
01:08:35,040 --> 01:08:37,400
Speaker 3: The LLERNG terminal doesn't solve the problem.

1454
01:08:38,240 --> 01:08:41,120
Speaker 25: Well, it's at least two years away. If it's done fast,

1455
01:08:42,160 --> 01:08:45,000
Speaker 25: it's going to cost and the LNG that comes in

1456
01:08:45,720 --> 01:08:47,680
Speaker 25: my understanding, is a bit about twice the price while

1457
01:08:47,720 --> 01:08:50,000
Speaker 25: it is currently, So there's another price increase straight off

1458
01:08:50,040 --> 01:08:53,519
Speaker 25: the bat, and it'll be too late for some of them.

1459
01:08:53,960 --> 01:08:55,800
Speaker 25: There is a lot of market noise, a lot of

1460
01:08:55,880 --> 01:08:58,479
Speaker 25: chatter about one of the big gas users pulling out

1461
01:08:58,520 --> 01:09:00,560
Speaker 25: of the market in the next twelve days months or so,

1462
01:09:00,680 --> 01:09:02,960
Speaker 25: and that might free up some more supply, So that

1463
01:09:03,120 --> 01:09:07,560
Speaker 25: might help. But I think the one, I don't know

1464
01:09:07,640 --> 01:09:09,720
Speaker 25: which one it is. There's a lot of speculation around that,

1465
01:09:09,800 --> 01:09:12,240
Speaker 25: and I couldn't really say, but I think the one

1466
01:09:12,360 --> 01:09:15,960
Speaker 25: thing if there's a positive out of it, and it

1467
01:09:16,080 --> 01:09:18,640
Speaker 25: is a positive, that there's some kind of certainty in

1468
01:09:18,680 --> 01:09:20,760
Speaker 25: a plan and a bit of direction, and that might

1469
01:09:20,840 --> 01:09:25,040
Speaker 25: be enough to keep some of those businesses over some more. Well,

1470
01:09:25,080 --> 01:09:26,599
Speaker 25: the thirtadin yar is we've got a plan. I mean,

1471
01:09:27,120 --> 01:09:30,120
Speaker 25: they've been sitting on this thing for months and but

1472
01:09:30,280 --> 01:09:32,240
Speaker 25: some pieces of it have been leaking around the edge,

1473
01:09:32,640 --> 01:09:34,600
Speaker 25: which is probably quite deliberate so they can fly a

1474
01:09:34,640 --> 01:09:36,439
Speaker 25: few tits and see what's going to work and what's not.

1475
01:09:38,040 --> 01:09:40,080
Speaker 25: But you know, there's a lot of people have been

1476
01:09:40,080 --> 01:09:41,960
Speaker 25: panning a bit of hope on this thing and then

1477
01:09:42,000 --> 01:09:44,240
Speaker 25: we get up with something that's pretty underwhelming.

1478
01:09:44,320 --> 01:09:45,400
Speaker 3: Yeah, John, what do you think?

1479
01:09:47,680 --> 01:09:49,720
Speaker 28: Well, I'd probably take issue with the idea that there's

1480
01:09:49,720 --> 01:09:54,360
Speaker 28: a plan. I actually I feel like this is people

1481
01:09:54,479 --> 01:09:57,120
Speaker 28: kind of cleambering around in the dark, trying to grasphold

1482
01:09:57,160 --> 01:10:00,960
Speaker 28: or something to come up with s motions that might

1483
01:10:01,080 --> 01:10:04,200
Speaker 28: be sellable to the public with an election year coming

1484
01:10:04,280 --> 01:10:06,880
Speaker 28: up next year, but really don't move the country forward

1485
01:10:06,920 --> 01:10:09,800
Speaker 28: at all. I mean, let's remember, you know, last year,

1486
01:10:10,400 --> 01:10:14,640
Speaker 28: one in five consumers, you know, residential electricity customers had

1487
01:10:14,680 --> 01:10:18,479
Speaker 28: trouble paying their bill. Nineteen percent of people misspaying their

1488
01:10:18,479 --> 01:10:22,519
Speaker 28: bill on time. Fifty six percent of people are concerned

1489
01:10:22,520 --> 01:10:25,640
Speaker 28: about the price of energy. This does nothing to address that.

1490
01:10:25,760 --> 01:10:28,720
Speaker 28: It's Allan's absolutely right when he says it's underwhelming, and

1491
01:10:28,800 --> 01:10:32,320
Speaker 28: it's it's quite perplexing given the tough talk from the

1492
01:10:32,439 --> 01:10:36,120
Speaker 28: Minister of Energy just a matter of weeks ago talking

1493
01:10:36,160 --> 01:10:41,120
Speaker 28: about fundamental reform to the sector, and you know what's

1494
01:10:41,160 --> 01:10:42,519
Speaker 28: been delivered next to nothing.

1495
01:10:43,040 --> 01:10:44,560
Speaker 3: John, I don't know how much time have you s

1496
01:10:44,600 --> 01:10:47,040
Speaker 3: been thinking about this. You have you guys actually had

1497
01:10:47,080 --> 01:10:49,040
Speaker 3: a look at it and thought what would actually work

1498
01:10:49,080 --> 01:10:51,080
Speaker 3: to bring down prices for residential customers.

1499
01:10:53,120 --> 01:10:55,519
Speaker 28: In terms of the report, you know, it's only been

1500
01:10:55,560 --> 01:10:59,439
Speaker 28: out since this morning, so it's it's you know, I'm

1501
01:10:59,439 --> 01:11:01,400
Speaker 28: still working through it. Yeah, it's a big piece of

1502
01:11:02,000 --> 01:11:07,240
Speaker 28: a big piece of analysis in my opinion. In its essence,

1503
01:11:07,920 --> 01:11:12,480
Speaker 28: we need more supply and ideally that supply would be renewable,

1504
01:11:12,800 --> 01:11:15,439
Speaker 28: but we appreciate the fact that we need firming generation

1505
01:11:15,560 --> 01:11:17,240
Speaker 28: to get us to a point where we have enough

1506
01:11:17,520 --> 01:11:19,920
Speaker 28: renewable generation. So we are going to have to rely

1507
01:11:20,040 --> 01:11:23,559
Speaker 28: on fossil fuels for a time. But what we need

1508
01:11:24,000 --> 01:11:26,439
Speaker 28: is a plan to get us to a point where

1509
01:11:26,479 --> 01:11:30,160
Speaker 28: we have enough renewables to meet demand and ideally would

1510
01:11:30,200 --> 01:11:32,679
Speaker 28: be building ahead of demand. So there's actually a little

1511
01:11:32,720 --> 01:11:35,920
Speaker 28: bit of fat in the system so that you know,

1512
01:11:36,040 --> 01:11:39,080
Speaker 28: we can innovate as an economy and rely on their

1513
01:11:39,120 --> 01:11:43,719
Speaker 28: being reliable ultricity to support that innovation absolutely.

1514
01:11:43,800 --> 01:11:45,280
Speaker 3: What would you do, allan what's the thing that you

1515
01:11:45,320 --> 01:11:46,080
Speaker 3: would do to fix it?

1516
01:11:47,160 --> 01:11:48,839
Speaker 25: Well, I think some of the things that are already

1517
01:11:48,880 --> 01:11:53,920
Speaker 25: happening really start in the next maybe two to three

1518
01:11:54,040 --> 01:11:56,120
Speaker 25: to five years, will make a difference. The idea that

1519
01:11:56,200 --> 01:11:58,880
Speaker 25: prices will come down to me, that's just a red hearing.

1520
01:11:58,920 --> 01:12:01,880
Speaker 25: They might statilize for while in real terms they might reduce,

1521
01:12:02,000 --> 01:12:05,240
Speaker 25: but that's still going up. We've already talked about doubling

1522
01:12:05,280 --> 01:12:07,400
Speaker 25: the price of the LNG when it comes in. But

1523
01:12:07,520 --> 01:12:10,600
Speaker 25: if you look at things like the fast track legislation

1524
01:12:11,280 --> 01:12:14,519
Speaker 25: and particularly as that applies and coupled with the ARIMA

1525
01:12:14,600 --> 01:12:17,880
Speaker 25: stuff that's going to make put plugging into the network easier,

1526
01:12:18,439 --> 01:12:22,040
Speaker 25: and the fast track plans for generation, that's got to

1527
01:12:22,080 --> 01:12:25,599
Speaker 25: go faster. And I'd almost say let's have an exemption

1528
01:12:25,840 --> 01:12:30,680
Speaker 25: for renewables and just get them done. And then you know,

1529
01:12:30,760 --> 01:12:32,800
Speaker 25: there is a bit of gas expiration going on and

1530
01:12:33,000 --> 01:12:36,639
Speaker 25: Graymouth controlling and bringing in a new supply, new field.

1531
01:12:38,000 --> 01:12:40,720
Speaker 25: There's a lot of plans for solar and wind. Let's

1532
01:12:40,760 --> 01:12:43,280
Speaker 25: get on with that. The deep boor gef thermal stuff

1533
01:12:43,520 --> 01:12:46,120
Speaker 25: sounds really promising. Why haven't we started work on that?

1534
01:12:46,439 --> 01:12:48,640
Speaker 25: Or if we have at Subterraneum, no one knows about it.

1535
01:12:49,520 --> 01:12:53,240
Speaker 25: Why don't we look at another hydro not a major one,

1536
01:12:53,320 --> 01:12:55,439
Speaker 25: but there's small hydro schemes that can go in around

1537
01:12:55,479 --> 01:12:56,960
Speaker 25: the place. But that seems to have been ruled out

1538
01:12:56,960 --> 01:12:59,760
Speaker 25: by the environmental lobby. I don't know, but if you

1539
01:13:00,040 --> 01:13:02,479
Speaker 25: if you add those things together plus a little bit

1540
01:13:02,560 --> 01:13:06,400
Speaker 25: of gas LNG import, plus the government saying that it

1541
01:13:06,479 --> 01:13:08,719
Speaker 25: will support an equity raise. It's not putting an extra

1542
01:13:08,800 --> 01:13:10,960
Speaker 25: money and it's not giving them cash. It'll support an

1543
01:13:11,000 --> 01:13:14,360
Speaker 25: equity raise for some of those projects if they stack up,

1544
01:13:14,479 --> 01:13:17,920
Speaker 25: and if the LNG terminal stacks up all of those

1545
01:13:18,000 --> 01:13:21,679
Speaker 25: things heading in the same direction, and the planet Huntley

1546
01:13:21,800 --> 01:13:24,400
Speaker 25: to bring in more coal. I mean, who's thought coal

1547
01:13:24,439 --> 01:13:28,479
Speaker 25: would be the answer. But the plan there with the

1548
01:13:28,680 --> 01:13:31,920
Speaker 25: three big gent tailors getting together and putting in that stockpile.

1549
01:13:32,400 --> 01:13:34,720
Speaker 25: That helps. But the rank and engines are forty plus

1550
01:13:34,880 --> 01:13:37,080
Speaker 25: years old and running out, and so the engineers that

1551
01:13:37,160 --> 01:13:40,240
Speaker 25: know how to fix them, so you know, that's that's

1552
01:13:40,280 --> 01:13:42,479
Speaker 25: something we've got to fix. Maybe a bit of diesel

1553
01:13:42,560 --> 01:13:45,200
Speaker 25: comes in there as well, which we closed all the

1554
01:13:45,240 --> 01:13:47,360
Speaker 25: diesel plants about fifteen or twenty years ago. Now we're

1555
01:13:47,360 --> 01:13:49,840
Speaker 25: looking at doing them again. So that kind of stuff.

1556
01:13:49,880 --> 01:13:50,920
Speaker 25: It's back to the future stuff.

1557
01:13:51,120 --> 01:13:53,000
Speaker 3: We're just wild, doesn't it. Hey, guys, thank you appreciate

1558
01:13:53,040 --> 01:13:55,200
Speaker 3: both of you input there. That's John John Duffy you've

1559
01:13:55,200 --> 01:13:56,720
Speaker 3: consumed in New Zealand. Alan McDonald of.

1560
01:13:56,920 --> 01:14:00,320
Speaker 1: M A ever Doopers the al the market with.

1561
01:14:00,320 --> 01:14:03,519
Speaker 3: Milford Asset Management, and just to tick spotify the founder

1562
01:14:03,600 --> 01:14:06,360
Speaker 3: Daniel Leck has stood down as the chief well he's

1563
01:14:06,360 --> 01:14:08,800
Speaker 3: stepping down rather as the chief executive. This is, of course,

1564
01:14:08,960 --> 01:14:11,240
Speaker 3: was the growing backlash over his investments in the defense

1565
01:14:11,280 --> 01:14:14,959
Speaker 3: Sector's been in the role twenty years two thousand and succession.

1566
01:14:15,240 --> 01:14:18,280
Speaker 3: Therefore thereabouts will step down at the beginning of next year,

1567
01:14:18,360 --> 01:14:20,960
Speaker 3: will instead take up the role of executive chairman and

1568
01:14:21,120 --> 01:14:23,400
Speaker 3: is going to be replaced by two people. It looks

1569
01:14:23,439 --> 01:14:25,680
Speaker 3: like internal promotions. They will both be in the role

1570
01:14:25,720 --> 01:14:28,479
Speaker 3: of co chief executives. Fourteen past six.

1571
01:14:29,240 --> 01:14:32,480
Speaker 2: It's the Heather Duper c Allen Drive Full Show podcast

1572
01:14:32,600 --> 01:14:36,840
Speaker 2: on my Heart Radio powered by newstalg zebbi Hea the

1573
01:14:36,880 --> 01:14:37,439
Speaker 2: why don't.

1574
01:14:37,280 --> 01:14:39,559
Speaker 3: We build another coal fired power plant? We've got heaps

1575
01:14:39,560 --> 01:14:40,880
Speaker 3: of coal. Well, if you listen to the Minister at

1576
01:14:40,880 --> 01:14:42,519
Speaker 3: the start of five o'clock, it sounds like we may

1577
01:14:42,600 --> 01:14:44,920
Speaker 3: well be actually looking at the possibility of building another

1578
01:14:44,960 --> 01:14:47,640
Speaker 3: coal fired power plants to replace Huntley, because it's going

1579
01:14:47,720 --> 01:14:50,040
Speaker 3: to die in the next five to ten years. Seventeen

1580
01:14:50,160 --> 01:14:53,599
Speaker 3: past six. Michael Luke, Milford Asset Management is with us

1581
01:14:53,600 --> 01:15:02,880
Speaker 3: A Michael, Michael, are you there? Yep, hey good, I'm well,

1582
01:15:02,920 --> 01:15:04,400
Speaker 3: thank you and pleased to be able to get you now.

1583
01:15:04,520 --> 01:15:06,280
Speaker 3: Michael took me through this. How the market react to

1584
01:15:06,320 --> 01:15:07,639
Speaker 3: the government's electricity review?

1585
01:15:08,760 --> 01:15:12,880
Speaker 24: Well, the share prices of our electricity companies rerected positively today.

1586
01:15:14,000 --> 01:15:17,599
Speaker 24: Meridian rose the most, up nearly five percent, while Contact

1587
01:15:17,640 --> 01:15:19,960
Speaker 24: Metre and Genesis were up about one or two percent.

1588
01:15:20,760 --> 01:15:23,240
Speaker 24: Now that reflects a bit of a relief really in

1589
01:15:23,320 --> 01:15:26,080
Speaker 24: my view, where there had been a bit of uncertainty

1590
01:15:26,120 --> 01:15:29,559
Speaker 24: hanging over the sector for the past six months as

1591
01:15:29,640 --> 01:15:32,320
Speaker 24: investors waited for the outcome of the Frontier Report and

1592
01:15:32,400 --> 01:15:36,240
Speaker 24: the Government review. I think investors are broadly supportive of

1593
01:15:36,320 --> 01:15:41,000
Speaker 24: initiatives aimed at increasing and speding up investment and energy. However,

1594
01:15:41,200 --> 01:15:43,200
Speaker 24: there had been a bit of concern around the risk

1595
01:15:43,400 --> 01:15:48,160
Speaker 24: and the impact of a major intervention like separation, which

1596
01:15:48,240 --> 01:15:51,879
Speaker 24: had seen some caution from both international and domestic investors.

1597
01:15:53,680 --> 01:15:57,360
Speaker 24: Meridian was the strongest, reflecting two things in my view. Firstly,

1598
01:15:57,680 --> 01:16:02,439
Speaker 24: an energy import facility would reduce altiousity prices during dry years,

1599
01:16:02,960 --> 01:16:06,679
Speaker 24: which did impact Meridian a lot last year. And then secondly,

1600
01:16:06,760 --> 01:16:10,960
Speaker 24: as the largest altricity company, Meridian has traditionally had the

1601
01:16:11,040 --> 01:16:15,080
Speaker 24: most overseas ownership, so it's likely impacted the most by

1602
01:16:15,240 --> 01:16:19,800
Speaker 24: international investor concerns around the government government review, which have

1603
01:16:19,920 --> 01:16:20,439
Speaker 24: now eased.

1604
01:16:20,720 --> 01:16:22,840
Speaker 3: What did you make of the government allowing the gentailers

1605
01:16:22,880 --> 01:16:25,439
Speaker 3: to raise capital, Well.

1606
01:16:25,920 --> 01:16:29,120
Speaker 24: Well, I don't think the government had ever explicitly said

1607
01:16:29,120 --> 01:16:32,160
Speaker 24: they couldn't raise capital there's definitely been a bit of

1608
01:16:32,240 --> 01:16:35,720
Speaker 24: a perception in the market over the last decade as

1609
01:16:35,760 --> 01:16:38,920
Speaker 24: the gentailers couldn't raise capital without a commitment from the government,

1610
01:16:39,000 --> 01:16:42,599
Speaker 24: as they couldn't delete their fifty one percent stakes. Now

1611
01:16:43,120 --> 01:16:45,320
Speaker 24: I'm not sure it's been a major constraint, but it

1612
01:16:45,360 --> 01:16:49,040
Speaker 24: would have been our constraints because the gintailers have to

1613
01:16:49,120 --> 01:16:52,479
Speaker 24: balance their development pipelines, their debt and their dividend policies,

1614
01:16:53,080 --> 01:16:55,799
Speaker 24: and if you have uncertainty around the ability to raise equity,

1615
01:16:56,200 --> 01:16:57,680
Speaker 24: that does mean you have to bear a bit more

1616
01:16:57,720 --> 01:17:00,960
Speaker 24: conservative in those other settings. I think that was probably

1617
01:17:01,040 --> 01:17:02,880
Speaker 24: particularly hard to manage when there was a risk of

1618
01:17:02,920 --> 01:17:05,840
Speaker 24: the TI smelter closing a few years ago, which would

1619
01:17:05,880 --> 01:17:09,040
Speaker 24: have impacted the sector. And I think Content Energy has

1620
01:17:09,080 --> 01:17:11,959
Speaker 24: actually had a bit of an advantage here where Contact

1621
01:17:12,080 --> 01:17:16,519
Speaker 24: is the only listed gent tailor without government ownership. They've

1622
01:17:16,520 --> 01:17:18,479
Speaker 24: been able to be a bit more aggressive maybe in

1623
01:17:18,520 --> 01:17:21,960
Speaker 24: their development activity, and that included raising four hundred mili

1624
01:17:22,000 --> 01:17:24,840
Speaker 24: from investors back in twenty twenty one to build a

1625
01:17:24,920 --> 01:17:28,600
Speaker 24: geofirm or power station. So investors have been happy to

1626
01:17:28,640 --> 01:17:32,599
Speaker 24: support raisers to fund good venewable energy projects, and overall,

1627
01:17:32,640 --> 01:17:35,360
Speaker 24: I think it does provide a bit of flexibility on

1628
01:17:35,520 --> 01:17:38,960
Speaker 24: how these autisted companies fund their development pipelines going forward,

1629
01:17:38,960 --> 01:17:39,639
Speaker 24: which is welcome.

1630
01:17:39,760 --> 01:17:42,000
Speaker 3: Yeah. Do you think investors now have more certainty?

1631
01:17:43,560 --> 01:17:46,280
Speaker 24: Well, I think investors now know what to expect from

1632
01:17:46,360 --> 01:17:49,360
Speaker 24: the current coalition, but that would change if there was

1633
01:17:49,400 --> 01:17:53,320
Speaker 24: a change in government. There are also still questions on

1634
01:17:53,400 --> 01:17:56,400
Speaker 24: how the industry solves our gas shortage as well as

1635
01:17:56,479 --> 01:17:59,600
Speaker 24: dry year risk, so investors will continue to watch the

1636
01:17:59,640 --> 01:18:03,760
Speaker 24: gas market and the al and G terminal procurement process. Ultimately,

1637
01:18:03,840 --> 01:18:05,879
Speaker 24: I think it's fair to say there is more sendency

1638
01:18:05,960 --> 01:18:09,160
Speaker 24: for now, but investors could still be cautious next year

1639
01:18:09,240 --> 01:18:10,120
Speaker 24: heading into the election.

1640
01:18:10,520 --> 01:18:10,680
Speaker 14: Yeah.

1641
01:18:10,720 --> 01:18:13,120
Speaker 3: Fair Pohen, Hey Michael, thanks as always, Michael Luke, Milford

1642
01:18:13,160 --> 01:18:14,760
Speaker 3: Asset Management six twenty.

1643
01:18:15,120 --> 01:18:16,439
Speaker 1: Together to see Ellen.

1644
01:18:16,560 --> 01:18:18,160
Speaker 3: This is a shout out to the people of the

1645
01:18:18,240 --> 01:18:21,720
Speaker 3: tiata Too Peninsula in West Auckland, and the people of

1646
01:18:21,880 --> 01:18:25,120
Speaker 3: Pammuir and Tarmaki which is out East Auckland, and then

1647
01:18:25,160 --> 01:18:28,160
Speaker 3: the people of Clindon Park Weymouth which is in South Auckland.

1648
01:18:28,680 --> 01:18:30,400
Speaker 3: You live in any of these parts of Auckland, I

1649
01:18:30,479 --> 01:18:32,000
Speaker 3: need you to help with something. Okay, you need to

1650
01:18:32,040 --> 01:18:33,920
Speaker 3: band together. This is the thing you need to band

1651
01:18:33,960 --> 01:18:37,599
Speaker 3: together and you need to say no to the council

1652
01:18:37,960 --> 01:18:40,840
Speaker 3: when the council asks us you do that stupid trial

1653
01:18:41,280 --> 01:18:44,599
Speaker 3: of having the rubbish collected only every fortnight. Because these

1654
01:18:44,680 --> 01:18:46,640
Speaker 3: are the parts of the of Auckland that are going

1655
01:18:46,680 --> 01:18:48,360
Speaker 3: to be impactory. They're going to what they want to

1656
01:18:48,439 --> 01:18:50,519
Speaker 3: do is they want to do a six month trial

1657
01:18:51,040 --> 01:18:53,720
Speaker 3: where everybody else gets their bin collected weekly as we

1658
01:18:53,800 --> 01:18:56,400
Speaker 3: do now, but in these parts of Auckland they are

1659
01:18:56,479 --> 01:18:58,679
Speaker 3: only going to come around every two weeks and collect

1660
01:18:58,680 --> 01:19:00,800
Speaker 3: the bin. And they've got some in they're gonna give

1661
01:19:00,800 --> 01:19:02,120
Speaker 3: you a little bit of cash. It sounds to me,

1662
01:19:02,240 --> 01:19:04,760
Speaker 3: honestly not worth it. It sounds to me like I

1663
01:19:04,800 --> 01:19:06,680
Speaker 3: couldn't quite quite figure it out. But it sounds to

1664
01:19:06,840 --> 01:19:10,680
Speaker 3: me like maybe maybe you'll get about eighty dollars off

1665
01:19:10,720 --> 01:19:12,360
Speaker 3: your rates. I mean, have a look at your rates,

1666
01:19:12,760 --> 01:19:15,080
Speaker 3: have a look at your rates. Thousands and thousands of dollars.

1667
01:19:15,120 --> 01:19:16,960
Speaker 3: Eighty dollars ain't gonna make a difference. It'll cause you

1668
01:19:17,200 --> 01:19:19,560
Speaker 3: more than eighty dollars worth of stress to have to

1669
01:19:19,640 --> 01:19:22,000
Speaker 3: for six months reduce your rubbish that you only have

1670
01:19:22,360 --> 01:19:25,000
Speaker 3: only have enough rubbish fevery fortnight anyway, So what they're

1671
01:19:25,040 --> 01:19:27,639
Speaker 3: doing is they want to do this thing and if

1672
01:19:27,720 --> 01:19:29,960
Speaker 3: you say yes in these parts of Auckland, they will

1673
01:19:30,040 --> 01:19:34,600
Speaker 3: do it from February next year. They're going to consultation

1674
01:19:34,720 --> 01:19:38,479
Speaker 3: from October thirteen to October thirty one. So in about

1675
01:19:38,560 --> 01:19:42,240
Speaker 3: two weeks when they come and ask you say no,

1676
01:19:43,000 --> 01:19:45,240
Speaker 3: you'll be doing the rest of us a massive solid

1677
01:19:45,439 --> 01:19:47,080
Speaker 3: six twenty two, croating.

1678
01:19:46,800 --> 01:19:48,679
Speaker 1: The numbers and getting the results.

1679
01:19:48,960 --> 01:19:51,800
Speaker 2: It's hither to the sea, Ellen with the business hour

1680
01:19:52,160 --> 01:19:56,400
Speaker 2: and mass for insurance investments and Qui Saber, you're in

1681
01:19:56,479 --> 01:19:58,160
Speaker 2: good hands news talks.

1682
01:19:57,960 --> 01:20:01,080
Speaker 3: He'd Behether. I'm very worried about the fortnightly bin collection.

1683
01:20:01,200 --> 01:20:03,400
Speaker 3: I find that at least a third of our binners nappies,

1684
01:20:03,439 --> 01:20:05,240
Speaker 3: and it was more when we had two kids and nappies.

1685
01:20:05,240 --> 01:20:07,479
Speaker 3: And I think it's unreasonable to expect people to reduce

1686
01:20:07,520 --> 01:20:11,400
Speaker 3: their waste beyond a certain point. Quite Heather, the shore

1687
01:20:11,479 --> 01:20:14,080
Speaker 3: is already on a fortnightly. It works. Don't be a luddye,

1688
01:20:14,160 --> 01:20:16,799
Speaker 3: I think I'd prefer to be a luddite. Actually, Mike, actually,

1689
01:20:16,840 --> 01:20:18,760
Speaker 3: do you know what I worked out? Have you thought

1690
01:20:18,800 --> 01:20:22,439
Speaker 3: about how much nappies cost? Because the other I think

1691
01:20:22,520 --> 01:20:26,599
Speaker 3: it's about I think it's about ten dollars a packet

1692
01:20:27,320 --> 01:20:28,920
Speaker 3: if you're buying because of the three and a half

1693
01:20:29,000 --> 01:20:30,479
Speaker 3: year old's still in the night nappies, you know what

1694
01:20:30,520 --> 01:20:32,479
Speaker 3: I mean? And I think it's about ten dollars a packet.

1695
01:20:32,720 --> 01:20:33,840
Speaker 3: Let's just say it is. I think it might be

1696
01:20:33,880 --> 01:20:35,320
Speaker 3: more than that. But let's say that's ten dollars packet,

1697
01:20:35,360 --> 01:20:37,559
Speaker 3: and I buy a packet a week, so that's fifty

1698
01:20:37,640 --> 01:20:40,479
Speaker 3: it's like five hundred dollars a year, if not more,

1699
01:20:40,800 --> 01:20:42,680
Speaker 3: to keep the sky from whetting his bed. That's a

1700
01:20:42,760 --> 01:20:45,160
Speaker 3: lot of money. How do we afford nappies? Never mind?

1701
01:20:45,640 --> 01:20:47,200
Speaker 3: Do you know we need to get Simon Wats when

1702
01:20:47,200 --> 01:20:49,280
Speaker 3: he's finished not doing the energy at sector, come and

1703
01:20:49,320 --> 01:20:52,519
Speaker 3: deal with a nappy sector because that's a lot of money. Anyway, listen,

1704
01:20:53,200 --> 01:20:54,960
Speaker 3: personal problem. Sorry, you don't need to know about that.

1705
01:20:55,720 --> 01:20:58,479
Speaker 3: There is a chap who, for his sins owns the

1706
01:20:58,560 --> 01:21:01,920
Speaker 3: Amora Hotel in Wellington and the Reading Cinema complex and

1707
01:21:02,040 --> 01:21:04,160
Speaker 3: is developing both of them, he says, and that both

1708
01:21:04,160 --> 01:21:06,080
Speaker 3: of them are shut because of earthquake standards. He says

1709
01:21:06,120 --> 01:21:08,240
Speaker 3: he is not going to go with the softer standards

1710
01:21:08,479 --> 01:21:10,120
Speaker 3: that have been announced by the government. He's going to

1711
01:21:10,200 --> 01:21:12,400
Speaker 3: keep it to the strictest standards. He'll talk us through

1712
01:21:12,479 --> 01:21:16,360
Speaker 3: this mind boggling decision in about ten minutes time. At

1713
01:21:16,360 --> 01:21:17,120
Speaker 3: six twenty six.

1714
01:21:17,880 --> 01:21:20,679
Speaker 1: There's no business like show business.

1715
01:21:21,400 --> 01:21:25,120
Speaker 3: It's a Spice World now there, it is a Spice

1716
01:21:25,160 --> 01:21:27,600
Speaker 3: World girl all living in it. Spice Girls looks like

1717
01:21:27,720 --> 01:21:29,280
Speaker 3: they may be about to make a comeback, and for

1718
01:21:29,400 --> 01:21:31,479
Speaker 3: real this time. Because remember in twenty nineteen they did

1719
01:21:31,520 --> 01:21:33,360
Speaker 3: the reunion and they had sporty, they had scary, they

1720
01:21:33,400 --> 01:21:35,840
Speaker 3: had baby, they had ginger, but there was no Posh. Well,

1721
01:21:36,320 --> 01:21:38,960
Speaker 3: Posh went to the Oasis gig and she took a

1722
01:21:39,040 --> 01:21:41,400
Speaker 3: photo of you know, because this is where Nolan and

1723
01:21:41,520 --> 01:21:43,320
Speaker 3: Liam are reuniting. She took a photo, put it on

1724
01:21:43,520 --> 01:21:46,720
Speaker 3: Instagram Stories and then tagged all the other Spices with

1725
01:21:47,000 --> 01:21:52,080
Speaker 3: just tempting dot dot dot. So is it possible that

1726
01:21:52,160 --> 01:21:54,080
Speaker 3: they're going to do a reunion. Well, she's about to

1727
01:21:54,160 --> 01:21:55,799
Speaker 3: launch her brand new Netflix stocko.

1728
01:21:57,520 --> 01:21:59,840
Speaker 1: I have never forgotten where I come from.

1729
01:22:02,680 --> 01:22:06,599
Speaker 3: Performing was my dream the Spice Gool's Meet mixhat who

1730
01:22:06,840 --> 01:22:10,960
Speaker 3: I Am? And then all of a sudden it stopped

1731
01:22:12,240 --> 01:22:15,519
Speaker 3: dot dot dot. So anyway, they haven't performed together in

1732
01:22:15,640 --> 01:22:18,760
Speaker 3: thirteen years, so it's about twenty twelve or thereabout when

1733
01:22:18,800 --> 01:22:22,120
Speaker 3: they last performed together. So the feeling is it's possible

1734
01:22:22,680 --> 01:22:26,920
Speaker 3: that maybe they will do it next year because next

1735
01:22:27,000 --> 01:22:31,320
Speaker 3: year is the yes thirtieth anniversary of Wannabe. That is

1736
01:22:32,360 --> 01:22:35,240
Speaker 3: how old you are anyway, stand by because that'd be

1737
01:22:35,360 --> 01:22:37,160
Speaker 3: quite a bit of fun, and maybe they'll come to

1738
01:22:37,200 --> 01:22:39,000
Speaker 3: New Zealand fingers crossed newses next.

1739
01:22:44,960 --> 01:22:48,240
Speaker 1: Whether it's macro micro or just plain economics.

1740
01:22:48,479 --> 01:22:51,679
Speaker 2: It's all on the Business Hour with Heather Duplicy, Allen

1741
01:22:51,840 --> 01:22:55,599
Speaker 2: and Mass for insurance Investments and Juey Saber.

1742
01:22:55,800 --> 01:23:00,360
Speaker 1: You're in good ads, use talks, you.

1743
01:23:01,200 --> 01:23:05,680
Speaker 3: Follow like Gavin gray is with us out of the

1744
01:23:05,800 --> 01:23:08,800
Speaker 3: UK shortly here the Hamilton has had fortnightly pickups for

1745
01:23:08,920 --> 01:23:12,160
Speaker 3: four plus years. Food been every week, landfall recycling bills

1746
01:23:12,280 --> 01:23:15,719
Speaker 3: alternate bins alternate each week. Huge opposition in the beginning,

1747
01:23:15,760 --> 01:23:18,360
Speaker 3: hardly a complaint. Now changing your habits it's not as

1748
01:23:18,400 --> 01:23:20,400
Speaker 3: hard as your mind tells you it will be. I

1749
01:23:20,560 --> 01:23:22,600
Speaker 3: was a very strong opposer to start with. It's not

1750
01:23:22,720 --> 01:23:26,400
Speaker 3: really an issue. Twenty five away from seven now, the

1751
01:23:26,520 --> 01:23:29,519
Speaker 3: owner of two of Wellington's most infamous earthquake prone buildings,

1752
01:23:29,600 --> 01:23:32,280
Speaker 3: says the new strengthening rules which are announced this week

1753
01:23:32,720 --> 01:23:35,080
Speaker 3: aren't going to make him change his reno plans. Eyal

1754
01:23:35,240 --> 01:23:38,640
Speaker 3: Aharoni is developing Reading Cinema on Courtney Place and the

1755
01:23:38,720 --> 01:23:41,080
Speaker 3: Amora Hotel, which have both been shut for years because

1756
01:23:41,120 --> 01:23:44,559
Speaker 3: of earthquake damage, and he's with us now, Eyel, Hello, Hello, Hello,

1757
01:23:44,880 --> 01:23:46,639
Speaker 3: Why have you decided to stick to the old rules.

1758
01:23:49,240 --> 01:23:52,280
Speaker 7: Well, we're not sticking to the old rules the new look.

1759
01:23:52,400 --> 01:23:54,559
Speaker 7: First of all, I have to say that I only

1760
01:23:54,680 --> 01:23:56,760
Speaker 7: know about the changes from the media and from a

1761
01:23:56,800 --> 01:24:00,280
Speaker 7: bit of a brief, so some not that familiar. You know,

1762
01:24:00,320 --> 01:24:01,760
Speaker 7: I'm not sure if I got it all right, But

1763
01:24:03,080 --> 01:24:06,400
Speaker 7: they haven't. They changed the requirement of that you don't

1764
01:24:06,439 --> 01:24:09,920
Speaker 7: need to strengthen effort from buildings if you don't want to.

1765
01:24:10,080 --> 01:24:14,160
Speaker 7: But the markets, we believe the market and and and

1766
01:24:14,400 --> 01:24:19,280
Speaker 7: us will require more resilient buildings, so we will. You know,

1767
01:24:19,400 --> 01:24:21,840
Speaker 7: in fact, the Reading Cinema, we've already committed to some

1768
01:24:22,000 --> 01:24:24,080
Speaker 7: tenants to go there, and they all assets bring the

1769
01:24:24,120 --> 01:24:27,720
Speaker 7: building to to a better rating than than just over

1770
01:24:27,800 --> 01:24:34,160
Speaker 7: the aspect from threshold. And also the insurance, you know,

1771
01:24:34,360 --> 01:24:37,080
Speaker 7: we all needed to have insurance, and the insurance doesn't

1772
01:24:37,080 --> 01:24:39,720
Speaker 7: want to see a building with low seismic rating. And

1773
01:24:39,880 --> 01:24:42,400
Speaker 7: also we've we've been through a few esquets and we

1774
01:24:42,760 --> 01:24:46,879
Speaker 7: know that the rating, the strengthenings actually improved the performance

1775
01:24:46,920 --> 01:24:48,680
Speaker 7: of the building in an ethic and we spend we've

1776
01:24:48,680 --> 01:24:50,200
Speaker 7: got to spend a lot of money on this building,

1777
01:24:50,439 --> 01:24:53,639
Speaker 7: put a new feet at and you know we don't

1778
01:24:53,640 --> 01:24:56,240
Speaker 7: want to spend all that money and have another small

1779
01:24:56,280 --> 01:24:58,599
Speaker 7: aspect and we all have to do it all again.

1780
01:24:59,560 --> 01:25:02,280
Speaker 3: Yeah, to say, so what do you what do you

1781
01:25:02,400 --> 01:25:05,120
Speaker 3: think insurance is going to expect it's insurance going to

1782
01:25:05,160 --> 01:25:07,400
Speaker 3: look at the new rules and simply accept them.

1783
01:25:10,320 --> 01:25:13,320
Speaker 7: Well, I don't think the rules. Look as I said,

1784
01:25:13,360 --> 01:25:15,880
Speaker 7: I'm not an engineer, and I don't think the rules

1785
01:25:15,920 --> 01:25:19,160
Speaker 7: has changed. You Still you still have a building which

1786
01:25:19,240 --> 01:25:20,880
Speaker 7: is weak and a building which is strong. I mean,

1787
01:25:20,920 --> 01:25:25,160
Speaker 7: insurance won't have a strong building to protect the insurance.

1788
01:25:25,280 --> 01:25:28,280
Speaker 7: So whether the government doesn't force you to bring it

1789
01:25:28,400 --> 01:25:31,080
Speaker 7: over thirty four percent or not, doesn't I don't believe

1790
01:25:31,120 --> 01:25:32,959
Speaker 7: it were going to make any difference to the insurance.

1791
01:25:33,479 --> 01:25:36,960
Speaker 3: Yeah, so the I mean, obviously for some smaller buildings

1792
01:25:37,160 --> 01:25:38,880
Speaker 3: it will have an impact, right, because if you have

1793
01:25:38,960 --> 01:25:41,680
Speaker 3: a building under under under three stories, you're you're not

1794
01:25:41,760 --> 01:25:44,360
Speaker 3: really required to do anything. Do you think insurance is

1795
01:25:44,360 --> 01:25:45,240
Speaker 3: going to be okay about that?

1796
01:25:49,760 --> 01:25:55,200
Speaker 7: Well, I think it depends on the top of the building. Again,

1797
01:25:55,280 --> 01:25:58,800
Speaker 7: if it's non reinforced building, I believe the insurance will

1798
01:25:58,840 --> 01:25:59,360
Speaker 7: still want.

1799
01:25:59,240 --> 01:26:00,120
Speaker 1: You to just work on it.

1800
01:26:02,120 --> 01:26:05,360
Speaker 7: Yeah, I don't believe the insurance. Look, it's a it's

1801
01:26:05,439 --> 01:26:08,400
Speaker 7: a it's a government arbitrary decision whether you need to

1802
01:26:08,439 --> 01:26:10,280
Speaker 7: fix the building or not. I don't think it makes

1803
01:26:10,280 --> 01:26:13,160
Speaker 7: any difference to the insurance. They're still going to have

1804
01:26:13,160 --> 01:26:14,760
Speaker 7: a look at their risks is what happened to the

1805
01:26:14,760 --> 01:26:16,120
Speaker 7: building and how much is going to spend on it

1806
01:26:16,240 --> 01:26:17,200
Speaker 7: if something happens.

1807
01:26:17,240 --> 01:26:18,759
Speaker 3: By the way, when are your buildings opening?

1808
01:26:21,600 --> 01:26:24,200
Speaker 7: Well, we you know, we hope for the reading to

1809
01:26:24,280 --> 01:26:26,360
Speaker 7: open at the end of next year. That more is

1810
01:26:26,439 --> 01:26:29,160
Speaker 7: going to take longer, but probably a year after.

1811
01:26:29,479 --> 01:26:30,639
Speaker 3: Twenty six and twenty seven.

1812
01:26:32,080 --> 01:26:33,880
Speaker 14: Yes, that's me.

1813
01:26:34,360 --> 01:26:36,400
Speaker 3: This is going to be significant, isn't it? Because those

1814
01:26:36,400 --> 01:26:39,479
Speaker 3: are two buildings in a very crucial part of Wellington

1815
01:26:39,560 --> 01:26:42,439
Speaker 3: that have really shut down that part of It's had

1816
01:26:42,479 --> 01:26:44,320
Speaker 3: an effect, hasn't it on that part of town.

1817
01:26:46,600 --> 01:26:49,320
Speaker 7: I look, there's a lot of empty buildings, but these

1818
01:26:49,439 --> 01:26:53,479
Speaker 7: two stand out. So people perceived them to be to

1819
01:26:53,560 --> 01:26:56,960
Speaker 7: make a big difference. Maybe the reading does. I don't

1820
01:26:57,000 --> 01:27:02,800
Speaker 7: know about them more. Yeah, yeah, very significant building both absolutely.

1821
01:27:02,439 --> 01:27:04,439
Speaker 3: Elle, thank you so much for your time. Appreciated. E

1822
01:27:04,560 --> 01:27:08,919
Speaker 3: LAHRONI who's a property owner in Wellington. Heather, I'm in insurance.

1823
01:27:08,960 --> 01:27:10,600
Speaker 3: I'm a broker, and the new rules will have no

1824
01:27:10,720 --> 01:27:13,320
Speaker 3: impact on insurance and trying to place insurance for buildings

1825
01:27:13,600 --> 01:27:15,880
Speaker 3: that are constructed under a certain percentage, they are going

1826
01:27:15,960 --> 01:27:18,200
Speaker 3: to fall over in strong quakes and insurance will judge

1827
01:27:18,200 --> 01:27:20,400
Speaker 3: this accordingly. It's twenty one away from seven.

1828
01:27:20,720 --> 01:27:24,080
Speaker 1: Together do for c Ellen trying to find the text.

1829
01:27:23,960 --> 01:27:27,400
Speaker 3: But somebody's oh yeah, Muz love this from Muzz. Muz,

1830
01:27:28,040 --> 01:27:30,880
Speaker 3: muzs is Heather, use cloth nappies. They're free, They're better

1831
01:27:30,920 --> 01:27:33,840
Speaker 3: for the environment. Muzz. You can shut up. Hey, so

1832
01:27:34,560 --> 01:27:36,240
Speaker 3: who in the family do you think is the one

1833
01:27:36,439 --> 01:27:39,479
Speaker 3: washing the cloth nappies. Don't need any advice from you, mate,

1834
01:27:40,000 --> 01:27:41,840
Speaker 3: I don't pick you as the cloth nappy washer. I

1835
01:27:41,920 --> 01:27:46,880
Speaker 3: know about you, Muz Muzz. Long time Texter loves to stir,

1836
01:27:47,400 --> 01:27:49,960
Speaker 3: loves to stir. Hey, I got some stats out today

1837
01:27:50,000 --> 01:27:51,640
Speaker 3: showing how much money you need to have if you

1838
01:27:51,680 --> 01:27:53,760
Speaker 3: want to be in the top fifty percent of you know,

1839
01:27:53,960 --> 01:27:55,639
Speaker 3: the wealthy in the country, or the top ten percent,

1840
01:27:55,680 --> 01:27:59,920
Speaker 3: top five, top oneever, whatever. So how this is calculated?

1841
01:28:00,040 --> 01:28:01,320
Speaker 3: So I'm going to run you through the numbers. You

1842
01:28:01,360 --> 01:28:03,840
Speaker 3: can see where you are placed in this. How does

1843
01:28:03,840 --> 01:28:06,600
Speaker 3: this calculated? It's your net worth, So it's basically what

1844
01:28:06,840 --> 01:28:10,599
Speaker 3: you own minus what you owe. So for example, your

1845
01:28:10,680 --> 01:28:14,200
Speaker 3: house value minus what your mortgage is at equals that's

1846
01:28:14,240 --> 01:28:16,400
Speaker 3: your net worth in terms of your house. I'm figuring

1847
01:28:16,479 --> 01:28:18,400
Speaker 3: that you can chuck all of your investments in here,

1848
01:28:18,479 --> 01:28:20,400
Speaker 3: and that would include key we savor, right, So you

1849
01:28:20,479 --> 01:28:22,639
Speaker 3: want to chuck in here, the value of your house

1850
01:28:23,080 --> 01:28:26,960
Speaker 3: if you've got yourself a nice European car, beach house,

1851
01:28:27,439 --> 01:28:33,000
Speaker 3: Kiwi savor, your SHARE's ease, yeah, whatever, Yeah, five thousand

1852
01:28:33,040 --> 01:28:36,599
Speaker 3: properties you haven't declared because you're a parliamentarian, whatever, all

1853
01:28:36,680 --> 01:28:38,639
Speaker 3: of it. Chuck it in here. Here we go. If

1854
01:28:38,760 --> 01:28:41,120
Speaker 3: you have I'm going to do. You could do households

1855
01:28:41,200 --> 01:28:46,040
Speaker 3: versus individuals, but I'm figuring individuals don't really count because

1856
01:28:46,160 --> 01:28:49,600
Speaker 3: if you're still single, this idea it's complicated. We're just

1857
01:28:49,640 --> 01:28:51,519
Speaker 3: going to go with the households. Okay, So to be

1858
01:28:51,600 --> 01:28:54,240
Speaker 3: in the top fifty percent of the wealthiest people in

1859
01:28:54,280 --> 01:28:56,920
Speaker 3: this country. Your household has to have at least five

1860
01:28:57,040 --> 01:29:01,360
Speaker 3: hundred and twenty four thousand dollars to its name. If

1861
01:29:01,479 --> 01:29:04,800
Speaker 3: you have two point four million in net worth, you

1862
01:29:04,880 --> 01:29:06,799
Speaker 3: will find that you are in the top ten percent.

1863
01:29:07,720 --> 01:29:11,599
Speaker 3: If you have at least three point seven million, well

1864
01:29:11,680 --> 01:29:14,559
Speaker 3: done you, you will find you're in the top five

1865
01:29:14,680 --> 01:29:17,760
Speaker 3: percent of the wealthy in this country. And if you

1866
01:29:17,920 --> 01:29:20,800
Speaker 3: want to be in the top one percent of this

1867
01:29:20,960 --> 01:29:24,160
Speaker 3: country's wealth, you will need to have to your name

1868
01:29:26,320 --> 01:29:30,760
Speaker 3: at least eight point seven million dollars. So anyway, I

1869
01:29:30,880 --> 01:29:32,800
Speaker 3: know that most of us are going to look at

1870
01:29:32,840 --> 01:29:34,880
Speaker 3: that and go, yeah, maybe one day in the future,

1871
01:29:34,920 --> 01:29:37,240
Speaker 3: not immediately. So there you go, think about where you

1872
01:29:37,320 --> 01:29:41,360
Speaker 3: sit there. By the way, this has got the office

1873
01:29:41,439 --> 01:29:44,160
Speaker 3: quite upset today. There are because this crops up from

1874
01:29:44,200 --> 01:29:46,080
Speaker 3: time to time. There are a bunch of businesses in

1875
01:29:46,160 --> 01:29:49,080
Speaker 3: the UK. It's a thing in the UK now where

1876
01:29:49,080 --> 01:29:51,759
Speaker 3: a bunch of businesses are going shoeless and they've decided

1877
01:29:51,760 --> 01:29:53,200
Speaker 3: that you don't have to have shoes in the office.

1878
01:29:53,520 --> 01:29:55,560
Speaker 3: They're inspired in part by what's been going on with

1879
01:29:55,640 --> 01:29:58,560
Speaker 3: Silicon Valley, because the Silicon Valley startups to all this

1880
01:29:58,680 --> 01:30:00,519
Speaker 3: kind of crazy stuff where they have been bags and

1881
01:30:00,920 --> 01:30:03,439
Speaker 3: sushi vending machines and it just all the weird stuff

1882
01:30:03,479 --> 01:30:05,960
Speaker 3: goes on in this in the Silicon Valley startups, and

1883
01:30:06,080 --> 01:30:09,200
Speaker 3: so the UK has and what it's about obviously is

1884
01:30:09,240 --> 01:30:12,160
Speaker 3: improving focus and comfort and staff morale and all that

1885
01:30:12,280 --> 01:30:14,800
Speaker 3: kind of you know, woky stuff, so that the guys

1886
01:30:14,840 --> 01:30:16,439
Speaker 3: over in the UK thought maybe they need to do

1887
01:30:16,520 --> 01:30:18,120
Speaker 3: the same thing, and it's the startups who are doing it.

1888
01:30:18,200 --> 01:30:21,280
Speaker 3: There's a skincare startup called hallow Skin. They have introduced

1889
01:30:21,320 --> 01:30:23,800
Speaker 3: to socks only policy in the office, which has been

1890
01:30:23,840 --> 01:30:26,400
Speaker 3: running since last year. They do have rules about it.

1891
01:30:26,840 --> 01:30:29,799
Speaker 3: You cannot have bare feet, you cannot have dirty socks

1892
01:30:30,439 --> 01:30:34,040
Speaker 3: subjective obviously, you cannot have socks with any holes in them.

1893
01:30:34,320 --> 01:30:36,120
Speaker 3: And the shoes must be worn in the kitchens and

1894
01:30:36,120 --> 01:30:38,840
Speaker 3: the bathrooms and outside. But they reckon. Since they've been

1895
01:30:38,880 --> 01:30:42,400
Speaker 3: doing this last year, there's been an increase in calmness

1896
01:30:42,760 --> 01:30:45,800
Speaker 3: and with that has come better focus and more creativity.

1897
01:30:46,200 --> 01:30:48,840
Speaker 3: So I raised this today because I have I have

1898
01:30:49,080 --> 01:30:51,320
Speaker 3: lot and I hate I'm sorry to admit this to you,

1899
01:30:51,800 --> 01:30:53,880
Speaker 3: but I have long been a bit sort of like

1900
01:30:54,120 --> 01:30:57,840
Speaker 3: relaxed about shoes. It doesn't rent and it's it's not

1901
01:30:57,960 --> 01:31:00,080
Speaker 3: a it's not a thing that has come about, and

1902
01:31:00,120 --> 01:31:02,360
Speaker 3: it's like, you know, I have achieved to see a

1903
01:31:02,520 --> 01:31:06,160
Speaker 3: level of seniority in my career and can maybe sort

1904
01:31:06,200 --> 01:31:08,479
Speaker 3: of lay claim to a bit of diva behavior. It's

1905
01:31:08,560 --> 01:31:11,120
Speaker 3: not on account of that. It started at the start.

1906
01:31:11,560 --> 01:31:13,479
Speaker 3: If I cast my mind back to being twenty one

1907
01:31:13,560 --> 01:31:16,120
Speaker 3: and a fresh journalist back in those days, I just

1908
01:31:16,200 --> 01:31:20,240
Speaker 3: kept the shoes off and wander around. And more recently

1909
01:31:20,800 --> 01:31:22,559
Speaker 3: was today I took the shoes off because my boots

1910
01:31:22,560 --> 01:31:23,680
Speaker 3: are hurting my feet a little b I was like,

1911
01:31:23,680 --> 01:31:25,840
Speaker 3: I can't be well, the can't be bothered with sore feet.

1912
01:31:25,880 --> 01:31:27,200
Speaker 3: I don't know what's going on, So just took the

1913
01:31:27,240 --> 01:31:33,880
Speaker 3: boots off. But also most recent quinite embarrassing moment was

1914
01:31:33,920 --> 01:31:36,400
Speaker 3: when I was heavily pregnant and walked out and there

1915
01:31:36,479 --> 01:31:38,200
Speaker 3: was just a room full of people in the green room,

1916
01:31:38,240 --> 01:31:41,439
Speaker 3: including Tres Sherson and Josie Bagany, and I didn't have

1917
01:31:41,479 --> 01:31:43,880
Speaker 3: any shoes on, and trust just yelled out, barefoot and pregnant,

1918
01:31:44,360 --> 01:31:46,560
Speaker 3: and I was aware at that point that this was

1919
01:31:46,640 --> 01:31:49,519
Speaker 3: not an okay thing to do. Anyway. It sparks, but

1920
01:31:49,600 --> 01:31:51,720
Speaker 3: I don't also care because now I am something of

1921
01:31:51,760 --> 01:31:54,160
Speaker 3: a diva, so now I can just legitimately not care

1922
01:31:54,200 --> 01:31:57,120
Speaker 3: about it. Anyway. It has sparked a debate in the newsroom.

1923
01:31:57,120 --> 01:32:00,320
Speaker 3: People get quite upset about this, So just want just

1924
01:32:00,400 --> 01:32:02,720
Speaker 3: want to flag with you. It's a thing that's coming

1925
01:32:02,800 --> 01:32:05,000
Speaker 3: at you. And if you feel like you are already

1926
01:32:05,080 --> 01:32:08,400
Speaker 3: kind of overwhelmed by what is going on with the changes,

1927
01:32:08,920 --> 01:32:11,960
Speaker 3: all of gen Z's need to be psychologically safe in

1928
01:32:12,040 --> 01:32:15,720
Speaker 3: the workplace, the AI is coming at you. The bean

1929
01:32:15,800 --> 01:32:19,160
Speaker 3: bags that bringing the dogs to work, watch out because

1930
01:32:19,200 --> 01:32:21,280
Speaker 3: if it's caught on in the UK, where they are

1931
01:32:21,360 --> 01:32:24,599
Speaker 3: particularly stuffy, it might catch on here too. Sixteen away

1932
01:32:24,640 --> 01:32:25,240
Speaker 3: from seven.

1933
01:32:25,880 --> 01:32:29,880
Speaker 2: Everything from SMEs to the big corporates, The Business Hour

1934
01:32:30,160 --> 01:32:34,360
Speaker 2: with Heather Dup, c Ellen and MAS for Insurance Investments

1935
01:32:34,479 --> 01:32:38,200
Speaker 2: and Huiye Safer, You're in good hands News Dogs'd best.

1936
01:32:38,240 --> 01:32:41,479
Speaker 3: Jimmy Kimmel has just appeared on Stephen Colbert's show. We're

1937
01:32:41,479 --> 01:32:42,720
Speaker 3: going to bring you some of the audio of that.

1938
01:32:42,840 --> 01:32:46,080
Speaker 3: Shortly thirteen away from seven, Gavin Gray UK Correspondents with

1939
01:32:46,200 --> 01:32:49,599
Speaker 3: us Elogavin Hi, they have it right, So no civilian

1940
01:32:49,680 --> 01:32:52,640
Speaker 3: drone flights in Denmark, No, not.

1941
01:32:52,800 --> 01:32:55,960
Speaker 29: For at least three days. And this is all part

1942
01:32:56,160 --> 01:32:59,080
Speaker 29: of what's been going on with drone incursions from we

1943
01:32:59,160 --> 01:33:01,920
Speaker 29: don't know whom that the fingers being pointed in Russia

1944
01:33:02,240 --> 01:33:04,800
Speaker 29: over not just Denmark but other countries as well. And

1945
01:33:05,080 --> 01:33:08,760
Speaker 29: so Denmark is one of several countries now reporting these

1946
01:33:08,840 --> 01:33:12,760
Speaker 29: drone incidents as recently as Saturday. This time the most

1947
01:33:12,800 --> 01:33:16,800
Speaker 29: serious drone in cursions over their airspace because they flew

1948
01:33:16,840 --> 01:33:19,080
Speaker 29: over Danish military sites and they had to shut the

1949
01:33:19,120 --> 01:33:22,519
Speaker 29: airspace because they couldn't shoot them down because they're in

1950
01:33:22,600 --> 01:33:27,280
Speaker 29: densely populated areas. So today ten EU countries are sending

1951
01:33:27,320 --> 01:33:31,479
Speaker 29: their defense ministers for a summit in order to create

1952
01:33:32,160 --> 01:33:35,360
Speaker 29: what they're saying is a drone wall. So lots of

1953
01:33:35,400 --> 01:33:39,320
Speaker 29: countries now looking at basically enhanced vigilance, they're saying across

1954
01:33:39,439 --> 01:33:43,200
Speaker 29: the Baltic in the statement, and before this meeting, the

1955
01:33:43,280 --> 01:33:46,880
Speaker 29: police in Denmark saying they're on significantly increased alert ahead

1956
01:33:46,920 --> 01:33:49,160
Speaker 29: of the summit and they needed to take care of

1957
01:33:49,320 --> 01:33:54,320
Speaker 29: Danes and our guests. Now, anyone court flying drone or

1958
01:33:54,400 --> 01:33:57,360
Speaker 29: could face a fine or up to two years imprisonment,

1959
01:33:57,840 --> 01:34:02,920
Speaker 29: and both Sweden and France how sending military equipment and

1960
01:34:03,160 --> 01:34:07,840
Speaker 29: anti drone capabilities to Denmark and Baltic neighbors, including what

1961
01:34:07,960 --> 01:34:11,240
Speaker 29: are said to be powerful radar systems, in order to

1962
01:34:11,360 --> 01:34:14,280
Speaker 29: help them monitor the drones but also to prevent them

1963
01:34:14,360 --> 01:34:18,600
Speaker 29: getting anywhere in the first instance. And it's not just

1964
01:34:18,680 --> 01:34:22,040
Speaker 29: as I mentioned Denmark, it's also other countries Norways had

1965
01:34:22,120 --> 01:34:24,760
Speaker 29: drone incursions. And when you add to the fact as

1966
01:34:24,800 --> 01:34:27,640
Speaker 29: well that mag thirty five Russian five to jets have

1967
01:34:27,800 --> 01:34:33,000
Speaker 29: flown over Estonia, twenty Russian drones entered into Polish airspace,

1968
01:34:33,320 --> 01:34:36,200
Speaker 29: it gives you an idea of the frenzied nervousness of

1969
01:34:36,280 --> 01:34:37,360
Speaker 29: many European leaders.

1970
01:34:37,960 --> 01:34:40,920
Speaker 3: Hey, how long did this political staffer in Germany get

1971
01:34:41,040 --> 01:34:41,439
Speaker 3: in jail?

1972
01:34:41,520 --> 01:34:45,800
Speaker 29: For spine four years and nine months. It's an extraordinary

1973
01:34:45,840 --> 01:34:50,080
Speaker 29: story because jianzou Is his name, had worked in Brussels,

1974
01:34:50,160 --> 01:34:54,240
Speaker 29: the heart of the European Union machinery, as it were,

1975
01:34:54,720 --> 01:35:00,160
Speaker 29: for an alternative for Deutschland. Far right German politician was

1976
01:35:01,000 --> 01:35:04,120
Speaker 29: Maximilian Criw as a member of the European Parliament. Five

1977
01:35:04,240 --> 01:35:07,560
Speaker 29: years and the court in Eastern Germany in dressed and

1978
01:35:07,640 --> 01:35:11,240
Speaker 29: heard how Kral's former aid had gathered information and passed

1979
01:35:11,280 --> 01:35:15,559
Speaker 29: on confidential documents to Chinese authorities. Interestingly, he was also

1980
01:35:15,640 --> 01:35:20,080
Speaker 29: accused of spying on Chinese dissidents in Germany and opposition

1981
01:35:20,240 --> 01:35:23,120
Speaker 29: figures too. The court in dressed and said it was

1982
01:35:23,200 --> 01:35:28,400
Speaker 29: particularly serious case, although in his trial the accused said

1983
01:35:28,439 --> 01:35:30,680
Speaker 29: he was not guilty, said he did not work for

1984
01:35:30,800 --> 01:35:35,760
Speaker 29: Chinese intelligence agency and said I am innocent. So yeah,

1985
01:35:35,800 --> 01:35:38,080
Speaker 29: an interesting case and one being mirrored I think by

1986
01:35:38,520 --> 01:35:41,759
Speaker 29: other cases currently going through the courts in other EU countries.

1987
01:35:41,880 --> 01:35:44,880
Speaker 3: Listen, are the cops into this idea of getting people

1988
01:35:44,920 --> 01:35:47,200
Speaker 3: to knock on each other and you know, behind the wheel.

1989
01:35:48,320 --> 01:35:51,160
Speaker 29: Yeah, And what's more, they're not being needing to get

1990
01:35:51,280 --> 01:35:55,439
Speaker 29: much encouragement. So now it's estimated one in three British

1991
01:35:55,520 --> 01:35:58,160
Speaker 29: cars has a dash camp, in other words, a little

1992
01:35:58,240 --> 01:36:01,719
Speaker 29: camera switched on permanently when you're driving that looks forward

1993
01:36:01,800 --> 01:36:05,200
Speaker 29: and sometimes backwards. And they have proven to be incredibly

1994
01:36:05,320 --> 01:36:07,800
Speaker 29: useful when saying, look, this accident was not my fault

1995
01:36:08,200 --> 01:36:09,679
Speaker 29: and here is the proof.

1996
01:36:10,600 --> 01:36:11,519
Speaker 10: But not just that.

1997
01:36:11,760 --> 01:36:13,320
Speaker 1: Now the police are.

1998
01:36:13,280 --> 01:36:16,840
Speaker 29: Receiving clips from dashcam footage that people are sending them

1999
01:36:16,880 --> 01:36:19,439
Speaker 29: to saying this person driving in front of me drove

2000
01:36:19,520 --> 01:36:22,599
Speaker 29: like an idiot and he should be prosecuted and surprise,

2001
01:36:22,640 --> 01:36:26,000
Speaker 29: surprise that police are taking these clips and prosecuting. There's

2002
01:36:26,040 --> 01:36:28,840
Speaker 29: been an increase in the number of videos being sent

2003
01:36:28,920 --> 01:36:32,519
Speaker 29: to the police of fifty five percent in the last

2004
01:36:32,600 --> 01:36:36,679
Speaker 29: two years. So indeed, last couple of years, two hundred

2005
01:36:36,720 --> 01:36:40,800
Speaker 29: and ten thousand clips have been sent. Almost one in

2006
01:36:40,960 --> 01:36:45,599
Speaker 29: five ended with police sending the driver of the car

2007
01:36:45,800 --> 01:36:49,920
Speaker 29: being filmed a fixed penalty, About one in three submissions

2008
01:36:49,960 --> 01:36:53,439
Speaker 29: prompted official warnings, about one in eight requiring drivers to

2009
01:36:53,520 --> 01:36:57,200
Speaker 29: attend retraining courses, and about one in twenty leading to

2010
01:36:57,360 --> 01:37:02,080
Speaker 29: court prosecutions. The Internet is these people dash cam snitches,

2011
01:37:02,800 --> 01:37:05,160
Speaker 29: because they're saying, you know, you're not police, you shouldn't

2012
01:37:05,160 --> 01:37:07,840
Speaker 29: be filming, et cetera, et cetera, but because they can film,

2013
01:37:08,320 --> 01:37:11,439
Speaker 29: and dangerous driving is dangerous driving, and so consequently the

2014
01:37:11,479 --> 01:37:15,160
Speaker 29: police are yeah, encouraging this, and other drivers are too. Incidentally,

2015
01:37:15,240 --> 01:37:19,519
Speaker 29: some insurance companies now are pretty much insisting that dashcom

2016
01:37:19,600 --> 01:37:24,600
Speaker 29: footage's dashcam cameras are being fitted to cars just for

2017
01:37:24,720 --> 01:37:27,479
Speaker 29: this very reason to say, look this, you know driver,

2018
01:37:27,680 --> 01:37:30,280
Speaker 29: this client of ours was not to blame for the accident.

2019
01:37:30,640 --> 01:37:34,000
Speaker 29: We're not paying this other driver and their insurance are

2020
01:37:34,439 --> 01:37:35,240
Speaker 29: very interesting.

2021
01:37:34,960 --> 01:37:37,200
Speaker 3: Kevin, thanks very much, Devin Gray, UK correspondent. Right, we'll

2022
01:37:37,200 --> 01:37:39,320
Speaker 3: catch up on Jimmy Kimmel next. Eight away from seven.

2023
01:37:40,400 --> 01:37:41,400
Speaker 1: It's the hitherto for.

2024
01:37:41,479 --> 01:37:45,599
Speaker 2: See allan Drive full show podcast on iHeartRadio powered by

2025
01:37:45,680 --> 01:37:46,559
Speaker 2: newstalg Zibby.

2026
01:37:48,360 --> 01:37:51,000
Speaker 3: Okay, five away from seven. So Jimmy Kimmel has just

2027
01:37:51,080 --> 01:37:53,760
Speaker 3: been uncanceled. As we know, he has just appeared on

2028
01:37:53,840 --> 01:37:56,320
Speaker 3: Stephen Colbeer's show, and obviously they talk about the moment

2029
01:37:56,360 --> 01:37:58,120
Speaker 3: that he found out that his show was canceled.

2030
01:37:58,320 --> 01:38:00,640
Speaker 14: I'm in my office type in a way as I

2031
01:38:00,800 --> 01:38:01,280
Speaker 14: usually do.

2032
01:38:01,800 --> 01:38:05,360
Speaker 30: I get a phone call. It's ABC. They say they

2033
01:38:05,439 --> 01:38:08,240
Speaker 30: want to talk to me. This is unusual. They as

2034
01:38:08,280 --> 01:38:10,160
Speaker 30: far as I knew, they didn't even know I was

2035
01:38:10,240 --> 01:38:14,400
Speaker 30: doing a show previous to this. So I have a

2036
01:38:14,439 --> 01:38:16,200
Speaker 30: lot of people. I have like five people who work

2037
01:38:16,280 --> 01:38:19,080
Speaker 30: in my office with me. So the only private place

2038
01:38:19,160 --> 01:38:21,120
Speaker 30: to go is the bathroom. So I go into the

2039
01:38:21,200 --> 01:38:25,880
Speaker 30: bathroom and I'm on the phone with the ABC executives

2040
01:38:25,880 --> 01:38:28,920
Speaker 30: and they say, listen, we want to take the temperature down.

2041
01:38:29,439 --> 01:38:32,040
Speaker 30: We're concerned about what you're going to say tonight, and

2042
01:38:32,200 --> 01:38:34,000
Speaker 30: we decided that the best.

2043
01:38:34,120 --> 01:38:37,360
Speaker 14: Route is to take the show off the Airthor and

2044
01:38:37,520 --> 01:38:38,400
Speaker 14: his reaction.

2045
01:38:38,400 --> 01:38:40,839
Speaker 30: Was, I said, I don't think that's a good idea,

2046
01:38:41,120 --> 01:38:44,240
Speaker 30: and they said, well, we think it's a good idea.

2047
01:38:44,479 --> 01:38:48,439
Speaker 30: And then there was a vote and I lost the vote,

2048
01:38:48,560 --> 01:38:51,960
Speaker 30: and so I had I put my pants back on.

2049
01:38:54,800 --> 01:38:56,840
Speaker 3: And then you revealed that his audience was actually already

2050
01:38:56,840 --> 01:38:58,599
Speaker 3: in the studio when the call came in to shut

2051
01:38:58,680 --> 01:38:59,120
Speaker 3: the show down.

2052
01:38:59,280 --> 01:39:01,880
Speaker 14: Meanwhile, there's the whole audience is they're in their seats.

2053
01:39:02,360 --> 01:39:04,439
Speaker 29: Oh wait, I didn't know that your audience was already loaded.

2054
01:39:04,560 --> 01:39:07,760
Speaker 14: They are loaded and in their seats, ready for the show.

2055
01:39:08,600 --> 01:39:11,479
Speaker 3: So there you go. Stories out, Kenzie, What have you

2056
01:39:11,520 --> 01:39:12,000
Speaker 3: got for us?

2057
01:39:12,479 --> 01:39:15,880
Speaker 6: Really exciting news for you. Heather Selena Gomez, She's shared

2058
01:39:15,920 --> 01:39:18,479
Speaker 6: photos of her wedding to Betty Blanco. This is the

2059
01:39:18,560 --> 01:39:21,920
Speaker 6: music producer. This is on Instagram and they're quite pretty.

2060
01:39:22,200 --> 01:39:26,400
Speaker 6: She wore not one, but multiple Ralph Lauren gowns and

2061
01:39:26,479 --> 01:39:27,840
Speaker 6: it looked like quite a lovely day. A lot of

2062
01:39:27,880 --> 01:39:31,000
Speaker 6: Cillib's there, Taylor Swift was there. It's Shearon Paris Hilton,

2063
01:39:31,400 --> 01:39:32,559
Speaker 6: who quite a nice invited.

2064
01:39:32,600 --> 01:39:38,000
Speaker 3: I think now when you when you said really exciting,

2065
01:39:38,560 --> 01:39:41,519
Speaker 3: what part of this is exciting to me? Kenzy? Come

2066
01:39:41,720 --> 01:39:44,519
Speaker 3: isn't the fact that it's what's his name? What's his name?

2067
01:39:45,080 --> 01:39:45,799
Speaker 13: Benny Blanco?

2068
01:39:46,000 --> 01:39:47,840
Speaker 3: No, No, not the one in the audience who sings

2069
01:39:47,840 --> 01:39:51,880
Speaker 3: all the annoying songs. It'sharon. Is that is Sharon?

2070
01:39:52,000 --> 01:39:52,280
Speaker 1: Is there?

2071
01:39:52,840 --> 01:39:53,040
Speaker 12: Yeah?

2072
01:39:53,360 --> 01:39:57,400
Speaker 3: Kensey's banned from the show because he sucks? Is it because?

2073
01:39:57,680 --> 01:39:59,200
Speaker 3: Is it because I need to get another Am I

2074
01:39:59,240 --> 01:40:01,080
Speaker 3: getting remarried? And I need to look at the dresses?

2075
01:40:01,520 --> 01:40:03,920
Speaker 3: Listen to Kinsey's like, up goes in the music, Up

2076
01:40:04,000 --> 01:40:07,720
Speaker 3: go through? No, Kensey. Look, I will say, while I

2077
01:40:07,840 --> 01:40:10,800
Speaker 3: am completely unexcited by these two people, I didn't even

2078
01:40:10,840 --> 01:40:13,360
Speaker 3: know that being he existed. By the way, her dresses

2079
01:40:13,360 --> 01:40:15,360
Speaker 3: are quite pretty, aren't they be gorgeous?

2080
01:40:15,840 --> 01:40:16,320
Speaker 1: Look at you?

2081
01:40:16,520 --> 01:40:18,519
Speaker 3: You're a nice person. What are you doing on this show?

2082
01:40:19,560 --> 01:40:22,400
Speaker 3: I don't know to be neither do we. We're like

2083
01:40:22,479 --> 01:40:25,040
Speaker 3: look at the rest of us, and then you actually nice,

2084
01:40:25,479 --> 01:40:29,560
Speaker 3: nice and unjaded and untainted by all the horrors of

2085
01:40:29,600 --> 01:40:32,439
Speaker 3: the world. Thank you, Kenzy. Also thank you Kensey for

2086
01:40:32,560 --> 01:40:34,040
Speaker 3: being here and filling in for us for a couple

2087
01:40:34,040 --> 01:40:38,719
Speaker 3: of days with all you what only for you whatever?

2088
01:40:38,920 --> 01:40:41,840
Speaker 3: Stop being nice? Stop you should be sassy at this point.

2089
01:40:42,600 --> 01:40:44,920
Speaker 3: Good luck Anyway, Kensey's been filling and she's lovely. She's

2090
01:40:44,960 --> 01:40:46,280
Speaker 3: back on early editions to Morrow.

2091
01:40:46,240 --> 01:40:55,760
Speaker 2: Tomorrow for more from Hither Duplessy Allen Drive listen live

2092
01:40:55,880 --> 01:40:58,720
Speaker 2: to news talks. It'd be from four pm weekdays, or

2093
01:40:58,800 --> 01:41:00,840
Speaker 2: follow the podcast iHeartRadio