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

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Speaker 1: duplicy Ellen drive with One New Zealand to coverage like

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Speaker 1: no one else news talks.

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Speaker 2: That'd be.

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Speaker 3: Afternoon, Welcome to the show. Coming up today, Nikola Willis

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Speaker 3: has ordered a review into how the Reserve Bank handled

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Speaker 3: the COVID pandemic and all the money printing. She's with

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Speaker 3: us up the five Erica Stanford on the Teacher's Council

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Speaker 3: and we're going to speak to the man who's publishing

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Speaker 3: Ron Brierley's book.

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Speaker 2: Heather dupericy Ellen.

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Speaker 3: Say, well, I'm not feeling terribly hopeful over the bashing

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Speaker 3: of kids in this country after reading the coroner's recommendations

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Speaker 3: following the death of Malachi Shuebash. Now you will remember

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Speaker 3: the case of Malachi Shubash. I'm not going to go

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Speaker 3: through the details. I'm not going to traverse it again,

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Speaker 3: sufficient to say it happened about five years ago, four

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Speaker 3: and a half years ago. Fired up public anger because

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Speaker 3: of the number of times that has wider family tried

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Speaker 3: to warn authorities that something was going to happen and

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Speaker 3: then they failed to protect them. Now, one of the

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Speaker 3: recommendations the coroner has made today, and her report is

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Speaker 3: that ot or Ang atomatik Aka Sifts run a public

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Speaker 3: awareness campaign to help anyone identify possible signs of abuse

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Speaker 3: and how to take action. Now, to be fair to her,

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Speaker 3: that's not her idea originally, it actually came from an

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Speaker 3: earlier review. She's only pointing out that it still hasn't happened,

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Speaker 3: and then reiterated that there should be a public campaign.

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Speaker 3: But really, is that what we need in this country?

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Speaker 3: We need a public campaign to tell us what child

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Speaker 3: abuse looks like. I think we all know what child

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Speaker 3: abuse looks looks like. I mean, I struggle to believe

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Speaker 3: that there are people out there who do not know

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Speaker 3: that breaking a child's bone isn't child abuse, in which

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Speaker 3: case isn't. It's just the kind of thing that well

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Speaker 3: meaning people do to make themselves feel like they're doing

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Speaker 3: something when really they're doing nothing, because maybe there is

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Speaker 3: very little that you actually can do. The problem with

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Speaker 3: Malachi's case was not that people didn't know what child

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Speaker 3: abuse looked like. People did see the child abuse and

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Speaker 3: they absolutely knew it was child abuse, and they went

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Speaker 3: to ot and they said, hey, Malachi is being abused.

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Speaker 3: Here's the and they did that by my account, about

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Speaker 3: five times, if not more, and OT didn't stop it.

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Speaker 3: That's the problem, and it is the problem for so

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Speaker 3: many children in this country. When they die, we find

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Speaker 3: out afterwards OT already knew the family, and yet the

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Speaker 3: kids ended up dead. Anyway. The problem isn't that we

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Speaker 3: you and I don't know what child abuse looks like.

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Speaker 3: Yes we do. The problem is that the agency supposed

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Speaker 3: to stop it from supposed to stop the children from dying,

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Speaker 3: apparently doesn't know what child abuse looks like. Never mind

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Speaker 3: a campaign. I think you fix that. You fixed that

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Speaker 3: fundamental problem at Audo Atomidiki, you might save a lot

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Speaker 3: of lives.

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Speaker 2: Ever do for c Ellens.

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Speaker 3: Right nine two of the text understand a text fees

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Speaker 3: apply and we will have to chat to Safeguarding Children

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Speaker 3: Chief Executive later on to see what they think about

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Speaker 3: this child abuse campaign. Now, Finance Minister Nichola Willis, as

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Speaker 3: I told you just a minute ago, has announced this

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Speaker 3: inquiry into the monetary policy response from the Reserve Bank

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Speaker 3: during the COVID pandemic. While yes, it absolutely did help

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Speaker 3: keep a lot of businesses aflow to the impacts have

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Speaker 3: been catastrophic and we are still suffering them at the moment.

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Speaker 3: The former Reserve Bank senior economist Michael Radell's had a

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Speaker 3: lot to say on the subject, and it's with us

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Speaker 3: now afternoon. Michael, am I right in thinking that you

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Speaker 3: would welcome.

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Speaker 4: This, Yes, but more or less. But I mean this

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Speaker 4: was an inquiry that was promised by National when they

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Speaker 4: came into office. And you know, we're three years on now.

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Speaker 4: All the key people who are involved and moved on

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Speaker 4: to different jobs, so yeah, you know we'll get some

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Speaker 4: outside independent observers and the lot for us a few thoughts.

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Speaker 4: They probably won't tell us anything that we don't already know,

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Speaker 4: so it's better than nothing. But it is two years

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Speaker 4: too late.

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Speaker 3: Even though the people who've moved that the key people

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Speaker 3: have moved on to other jobs. Is it not possible

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Speaker 3: that they're still able to be talked to about this?

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Speaker 4: I certainly expect so. And I mean I gave the

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Speaker 4: reviewers are coming to New Zealand for a week to

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Speaker 4: talk to a variety of people who they've probably asked

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Speaker 4: to talk to me, and I'd have to go along

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Speaker 4: and give them my views.

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Speaker 3: What are your views?

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Speaker 4: My views are a bit next. I mean, I think

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Speaker 4: the early reaction of the bank to cut interstraits in

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Speaker 4: March twenty twenty was pretty much the best guess that

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Speaker 4: could be taken at the time. There's good reason to

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Speaker 4: think that the economy would be very weak. You know,

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Speaker 4: we'd lost the terrorism and people are going to be

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Speaker 4: very uncertain and all those sorts of things. Inflation would

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Speaker 4: be very low. The big mistake wasn't that. The big

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Speaker 4: mistake was not recognizing quickly enough that actually that was

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Speaker 4: the wrong story. That the economy had rebounded pretty quickly

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Speaker 4: in New Zealand, and when it rebounded and there were

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Speaker 4: still constraints on the ability to supply goods, there was

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Speaker 4: going to be pressure on prices. And instead they got

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Speaker 4: the worst inflation in decades, as well as losing that

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Speaker 4: ten billion dollars on their speculations in the bond market.

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Speaker 3: It was the carry on.

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Speaker 4: So again, the interventions in the bond market in the

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Speaker 4: first few weeks may have been plausibly reasonable, but very

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Speaker 4: quickly it became apparent that things were normalizing here a

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Speaker 4: lot more quickly than anyone who had allowed for. And

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Speaker 4: yet the bank kept on punting, kept on taking bigger positions.

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Speaker 4: Once interest rates started rising, bond prices fell sharply, and

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Speaker 4: that's ten billion dollars that we could have spent on

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Speaker 4: hospitals or you know, anything worthy public expenditure that's just gone.

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Speaker 3: Now, okay, So everything that happened at the start was

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Speaker 3: fair enough. It's the problem with the problem appears to

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Speaker 3: be the duration of the response. Do you have any

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Speaker 3: idea as to why they just kept ongoing.

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Speaker 4: It's basically forecasting eraror I mean, they just that they

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Speaker 4: And in fairness, I would say that what the reviewers

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Speaker 4: will find is that their mistake was very similar to

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Speaker 4: that made by central banks around the world. Didn't appreciate

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Speaker 4: quite how the economy was behaving during COVID. So if

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Speaker 4: you look at their forecasts, for example, a year on

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Speaker 4: I was this morning the February monitory Bossy statement in

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Speaker 4: twenty twenty one, they still thought that ideally interest rates

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Speaker 4: would be negative for the next two years. In fact,

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Speaker 4: by that point they already probably should have been two percent,

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Speaker 4: arguably higher. So you know, it wasn't political, it wasn't

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Speaker 4: intension to generate high inflation. It was just badly misrouting

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Speaker 4: the economy. Now it is that excusable, Yes, in part

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Speaker 4: because we hadn't had a pandemic like this forever. I mean,

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Speaker 4: it was much worse than the nineteen eighteen one in

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Speaker 4: terms of its economics. But we delegate these powers to

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Speaker 4: supposed experts, and the real pressure on experts is how

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Speaker 4: they cope in a crisis. Our central bank is here

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Speaker 4: on abroad didn't cope.

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Speaker 3: Well, there is some value, isn't there in going back,

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Speaker 3: even though, as you say, a lot of the key

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Speaker 3: people have moved on and we kind of basically know

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Speaker 3: what the mistakes were. There is value in having an

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Speaker 3: independent inquiry saying these are the mistakes, because you still

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Speaker 3: have Paul Conway, the chief executive, going out there and saying, ah,

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Speaker 3: the long the you know, the ol SAP wasn't that

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Speaker 3: big a deal because it basically paid for itself. So

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Speaker 3: it seems like there's still some excuses being made.

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Speaker 4: No, that is definitely true, and you know, poor Conway

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Speaker 4: and Christian Hawksby before he left last year were real

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Speaker 4: egrigious in that regard. So yeah, you know, hopefully it

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Speaker 4: can contribute to the debate in that way. I mean,

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Speaker 4: I think people recognize that the Reserve Bank has not

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Speaker 4: particularly been a learning organization recent times. We've talked last

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Speaker 4: year about the defensiveness around Adrianaw's departure and the misrepresentations

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Speaker 4: that Adrian and Neil quickly had made and those sorts

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Speaker 4: of things, and the same thing's going on. Whether a

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Speaker 4: report by a couple of technocrats years on has much

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Speaker 4: impact on that public debate, I don't know, but you

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Speaker 4: know it can't do any harm. These are two good guys,

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Speaker 4: you know, one of them was my former boss, David Archer,

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Speaker 4: and I expect that we'll get a good technocratic report

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Speaker 4: out of it.

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Speaker 3: Michael's always good to talk to you. Thank you for

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Speaker 3: your time. That's Michael Rodelle, former Reserve Bank senior economist.

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Speaker 3: As I say, Nicholaillais is with us after five, and

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Speaker 3: we'll put some of the stuff that Michael's raised to her. Listen.

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Speaker 3: News just out, and I want to say the last

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Speaker 3: half hour, maybe forty five minutes or so, is that

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Speaker 3: someone has been detained by the law enforcement guys in

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Speaker 3: connection with Nancy Guthrie's alleged kidnapping. We're going to go

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Speaker 3: to Dan Mitchison, who will be with us in half

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Speaker 3: an hours time, maybe able to give us some update

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Speaker 3: on that. Right now, it's coming up quarter pass.

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Speaker 1: It's the Heather do Bussy Allen Drive Bull Show podcast

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Speaker 1: on iheard radio Powered News Talk zeb.

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Speaker 3: Right at seventeen pass four Darcy water Grave Sports Talk

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Speaker 3: hoasters with me Darcys.

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Speaker 1: Sport with Generate celebrating great performances in sport and key

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Speaker 1: we saber against.

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Speaker 3: We generate Well not fair enough.

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Speaker 5: It's like a tagline that I've got. Maybe I should

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Speaker 5: put it on my T shirt.

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Speaker 3: Love them? Okay, tell me about the medal.

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Speaker 5: The medal of the bronze. Did you know that was

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Speaker 5: me dragging the microphone across and it's obviously got rubber

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Speaker 5: feet hence a lot was not a noise I made

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Speaker 5: of my own volitionerk the medal the fourth New Zealand

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Speaker 5: Winter Olympian to pick up a piece of tin, which

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Speaker 5: is great. It's amazing. Only four and there's been eight medals,

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Speaker 5: but four different. One of the medals he's got another

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Speaker 5: chance to do it. Luca Barrington one of the Snowbros.

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Speaker 5: Because he's got a bro Ben, he also engages and

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Speaker 5: he's got another chance. In the big air along with

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Speaker 5: the Ben Barclay and Ben was a flag barrel with

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Speaker 5: Zoe Saowski, Senate he didn't get the job done in

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Speaker 5: the slope style. But Luca, it comes from position eleven.

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Speaker 5: You only have three runs a right, and only one

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Speaker 5: of them counts. It's not like you know you joined

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Speaker 5: two to gear. It's the best time last run, stopped

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Speaker 5: it and manage, but it was only half a point

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Speaker 5: away from picking up a silver.

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Speaker 2: It is so good.

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Speaker 5: That's the surprising side of these, like who's going to

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Speaker 5: get it done? You don't know in the moment you do.

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Speaker 5: So we're looking forward to more of the snowbrows. Of course,

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Speaker 5: got the Melville Wives boys too. There's a couple of

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Speaker 5: them Thin and Camp more snowbros. So looking forward to

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Speaker 5: seeing this continuation and Elis Robinson's our next big chance.

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Speaker 5: I think I'm having a couple of days time. But

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Speaker 5: it was was good. And watched the dog. Have you

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Speaker 5: seen the dog?

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Speaker 3: What's the dog?

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Speaker 5: Well, there's a dog that cuts loose on the track

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Speaker 5: in the smoke and it goes for it. And they've

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Speaker 5: got this queen song. I'll make a super starting man

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Speaker 5: out of you.

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Speaker 3: You want to stop me now?

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Speaker 5: And this dogs just like going for it. It's hairing around,

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Speaker 5: its hair is everything. No one can catch it eventually.

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Speaker 5: I don't know how they got rid of it. I mean,

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Speaker 5: maybe they've got one of those cross country skier guys

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Speaker 5: to shoot at it.

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Speaker 4: I don't you know.

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Speaker 3: Did you see so Snowski sin It's medal has broken?

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Speaker 5: But they're all breaking?

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Speaker 3: Yes, I mean, what is this? The telly must be

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Speaker 3: way more than five now.

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Speaker 5: I'm not sure the telly because I see it once

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Speaker 5: and I've read that, I don't know. Apparently, it's it's

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Speaker 5: due to the you know how you've got your lanyard

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Speaker 5: at work that's got the head of at plus the

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Speaker 5: alan don't mess with me and you can hit in

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Speaker 5: the building with it. In all lanyards now if you

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Speaker 5: yank them, they've got a built in system where it

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Speaker 5: actually breaks, so you don't strangle your law.

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Speaker 3: So apparently, so I can understand that if you if

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Speaker 3: you're doing this all in Italy, But it doesn't explain

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Speaker 3: why it was happening in the Summer Olympics two years ago.

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Speaker 3: So is this actually just their excuse for like crap medals?

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Speaker 6: Well, I'm not is.

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Speaker 5: It the medal or is it the attachment glass?

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Speaker 7: I think that the class be is.

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Speaker 5: More in anything else. I think the medals fine, although

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Speaker 5: the medals have been dodgy before and the laminated it cheap. Well,

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Speaker 5: they need to take some of the money out of

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Speaker 5: those brown paper bags. The Olympic Games are hang around

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Speaker 5: of people and gets some decent medals.

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Speaker 3: Right, Okay, what have we got in the Super rugby teams?

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Speaker 5: Super rugby teams are all out. Few of the All

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Speaker 5: Blacks aren't quite back yet. I don't think anyone told

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Speaker 5: them the opening dates said look, can you can you

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Speaker 5: run this weekend? Oh no, the twenty first. I'm going

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Speaker 5: to sorry, mate, can I come back next week? That's

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Speaker 5: being flipp at the big news. Fabi and Holland now

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Speaker 5: out for the entire season, the whole season, breakthrough player

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Speaker 5: of the year gone. They've also lost their all half

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Speaker 5: back pledge of great raps around him. This is the

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Speaker 5: highlighted is taking on the Crusaders. With the Crusaders talk

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Speaker 5: around mister f and Nuku maybe playing in the flank man,

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Speaker 5: maybe playing center, but he's back on the wing again.

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Speaker 5: He'll stay there. A lot of All Blacks coming off

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Speaker 5: the bench in that Crusaders side will Jordan, Cody, Taylor,

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Speaker 5: Fletcher Newell. But you get that the All Blacks had that,

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Speaker 5: and they get slowly folded back in again with the chiefs.

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Speaker 5: Now McKenzie has just become dad, so he's taken a

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Speaker 5: couple of weeks off to deal with the tyranny of

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Speaker 5: nappies and we all understand and know that and dread it.

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Speaker 5: That's okay, McKinsey. It goes away, evnci. There is a

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Speaker 5: last time you changing nay.

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Speaker 3: But the paternity leave for the first two weeks is

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Speaker 3: basically you take the baby out, you gave some nice

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Speaker 3: lunches with the mum. That's what it's after that.

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Speaker 8: That's not what I did.

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Speaker 3: Whatever, it turns not all I did that.

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Speaker 5: But you know there was a time in your life

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Speaker 5: where there's something you do for the very last time,

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Speaker 5: but you don't know what's happening for the last time.

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Speaker 3: Like being child free.

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Speaker 2: No no, no, I.

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Speaker 5: Never know that. There is a time where you change

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Speaker 5: your last nappy, but you don't know when that is.

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Speaker 5: It's like, it's the last time I used to carry

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Speaker 5: my daughter on my shoulders and there was a time

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Speaker 5: there to stop because it's tall as I am now,

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Speaker 5: I don't remember where that time is.

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Speaker 3: Got to go down.

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Speaker 5: So yeah, anyway, the Blues and Chief's playing on Saturday

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Speaker 5: night should be good. Are taking on the Saders and

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Speaker 5: then there's a bye for Hurricane.

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Speaker 3: Thank you Darcy Darcy Watergrove Sportsalk Coastal were back at seven.

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Speaker 1: It's for twenty two, the headlines and the hard questions.

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Speaker 2: It's the Mic Asking Breakfast.

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Speaker 9: It's got anngst around the FDA in the wording confirmation

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Speaker 9: from the government that the agreement would not allow New

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Speaker 9: Zealand to impose a cap on student's visas, specifically from

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Speaker 9: in the up Trade Minister Top mcclay's well this do

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Speaker 9: you accept that this is the sort of thing in

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Speaker 9: election year that people will grab and run with.

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Speaker 10: Yeah, I think you're absolutely right, but it's really important

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Speaker 10: to rise it upper level number one. There was always

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Speaker 10: going to be a bit of politics around this because

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Speaker 10: it is a very big deal.

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Speaker 2: I've seen a lot of speculation.

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Speaker 10: About tens and tens of thousands of Indians just having

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Speaker 10: the absolute right they come to New Zealand. Mate, this

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Speaker 10: is a trade deal, it's not an immigration deal. They

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Speaker 10: do not have that ability.

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Speaker 9: Back tomorrow at six am the Mic Hosking Breakfast with

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Speaker 9: the Defendant News Talk ZB.

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Speaker 2: Cutting through the noise to get the facts.

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Speaker 1: It's Heather dupicl and Drive with One New Zealand coverage

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Speaker 1: like no one else News Talk ZB.

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Speaker 3: I just a reminder, we're going to get Dan Mitchison shortly.

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Speaker 3: Get the update on the person that's been taken into

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Speaker 3: it has been detained for questioning. Read that Guthrie business

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Speaker 3: and the kidnapping of the month now coming up twenty

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Speaker 3: six past four. Winston never fails to deliver and once

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Speaker 3: again he has responded in the only way that Winston

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Speaker 3: can to the story on One News last night about

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Speaker 3: him going to the boxing now, I don't know if

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Speaker 3: you if you saw it, but Benedict old mate Benedict

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Speaker 3: at Aym and the Young was about how Winston was

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Speaker 3: invited to Joseph Parker's boxing bout in Saudi Arabia and

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Speaker 3: within a few hours he had the INFAT officials trying

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Speaker 3: to organize a trip to guess where Saudi Arabia for

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Speaker 3: guess when the same date as the boxing match. Now

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Speaker 3: he has responded. So the story went out there raised

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Speaker 3: fair questions about what's going on, like, you know, did

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Speaker 3: you actually have to go to Saudi Arabia or did

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Speaker 3: you just go see you can go watch a chap

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Speaker 3: do some boxing. Anyway, He's responded to this by within

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Speaker 3: an hour of that story going to having his pre

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Speaker 3: secretary send a long email to reporters with very specific

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Speaker 3: details of the trip that he went on, including who

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Speaker 3: we met with, what was discussed, and then also my

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Speaker 3: favorite part of this, a photo essay of the people

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Speaker 3: that he met with the subject line was providing missing

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Speaker 3: context regarding tonight's one news story about Minister Peter's attending

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Speaker 3: the Joseph Park about so obviously brevity. Brevity is not

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Speaker 3: something that's big in that office. And then they had

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Speaker 3: fifteen fifteen photographs, but the first the first email containing

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Speaker 3: fifteen photographs was too big, so they couldn't afford it,

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Speaker 3: so they had to chop it down and only have

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Speaker 3: eight photographs. But it covered every single day of the

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Speaker 3: trip from February twenty one to March one, and the

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Speaker 3: meetings in the UAE in Saudi Arabia, China, Mongolia, South Korea,

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Speaker 3: photos of him signing things, clasping hands with people, standing

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Speaker 3: next to people, clasping some more hands with people, walking

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Speaker 3: with people. It was just gripping anyway, whether or not

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Speaker 3: he should have done that. We'll go to the huddle

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Speaker 3: at twenty to six. Also lots of texts on OT's

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Speaker 3: and will get to them shortly. News Took, said b.

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Speaker 1: Hard questions, strong opinion, Heather dup Cell and drive with

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Speaker 1: One New Zealand and the power of satellite mobile news

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Speaker 1: Dog saidb.

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Speaker 3: The little Willist is going to be with us after

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Speaker 3: five o'clock. Talk us through this review into how the

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Speaker 3: Reserve Bank handled the COVID pandemic. Here the re Audo Tamidiki.

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Speaker 3: The problem with udo A Hamidiqi not acting is that

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Speaker 3: most of the staff don't want to. They themselves have

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Speaker 3: come from similar backgrounds and can't see the abuse here.

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Speaker 3: That like a lot of your rants, you're very quick

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Speaker 3: to criticize, but like many others in your position, you

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Speaker 3: offer absolutely no positive solutions. That's from Victor, do.

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Speaker 11: You know what.

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Speaker 3: That's a fair point from Victor. I hate to be

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Speaker 3: this demoralized and I hate to bum you out, but

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Speaker 3: I have come I'm starting to come round to the

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Speaker 3: idea that there is nothing we can do. I'm starting

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Speaker 3: to because look at what we've done right, We've set

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Speaker 3: up in an agency. Sift's utong A Tamidiki, and we've

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Speaker 3: said to these guys, we're gonna come to you every

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Speaker 3: time we think a child is being abused and you

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Speaker 3: need to stop it and save the child's life. And

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Speaker 3: even though we're doing our bit, they're not doing their bit. Now,

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Speaker 3: I think that if that's the case, like if you've

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Speaker 3: got an agency that's so broken or underfunded or whatever

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Speaker 3: it is badly reasons So I don't know what it is, Okay,

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Speaker 3: what if if you've got an agency that simply cannot

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Speaker 3: do its job, then you cannot stop it. And I'm

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Speaker 3: coming to the view that if you have parents out

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Speaker 3: there or caregivers who are so hell bent on hurting

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Speaker 3: children that they are going to do it to the

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Speaker 3: worst case, I'm not sure that you can stop it,

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Speaker 3: which sounds as I say, I'm really sorry to be demoralized.

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Speaker 3: But the reason I'm not offering a solution is because

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Speaker 3: I'm not sure that there is one. Dan Mitchinson's going

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Speaker 3: to be with us shortly twenty four away from five.

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Speaker 1: It's the world wires on news talks, they'd be drive.

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Speaker 3: So the Democrats have introduced a law to the US

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Speaker 3: Congress that would end the Statute of limitations for some

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Speaker 3: sex crimes. They're calling it Virginia's Law after Virginia Giffrey,

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Speaker 3: of course, and Virginia's family are big supporters of it.

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Speaker 3: Her brother said at the announcement that he wants Andrew

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Speaker 3: mount Batten Windsor to face justice.

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Speaker 5: I want today to be about Virginia's Law, to not

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Speaker 5: allowing this to happen again, but to Prince Andrew, former

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Speaker 5: Prince Andrew Andrew mount Batten Windsor.

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Speaker 2: To be specific.

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Speaker 6: He needs to show up.

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Speaker 3: He needs to show up.

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Speaker 4: And he needs to answer questions and of our congress.

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Speaker 3: Israeli President Isaac Herzog has visited Parliament in Canberra today.

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Speaker 3: A pro Palestinian protest was held outside, but it was

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Speaker 3: much smaller than the protests in Sydney. Act Senator David

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Speaker 3: Pocock has criticized the new South Wales government for cracking

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Speaker 3: down on the protests.

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Speaker 11: We've seen what happened in Sydney. I think there's a

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Speaker 11: really worrying clampdown and protest across this country. And I

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Speaker 11: also think it was the wrong decision to invite prison

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Speaker 11: Herzog at this at this time where we've seen so

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Speaker 11: much strain on communities and tension in communities across the country.

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Speaker 3: And finally, Kid Rock has confirmed that his performance on

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Speaker 3: the Turning Point USA super Bowl halftime show was in

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Speaker 3: fact pre recorded. He let the cat out of the

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Speaker 3: bag when he was speaking to Laura Ingram on Fox News.

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Speaker 12: I'm jumping around the stairs like a rabid monkey, rapping

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Speaker 12: my song and I'm taking bruts and my DJ is

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Speaker 12: filling in the other parts of it. And I even

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Speaker 12: told him when I saw the rough cut, I was like,

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Speaker 12: you guys got to work on that sink.

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Speaker 2: It's off.

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Speaker 12: So it was just a sinking issue that they had.

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Speaker 3: So people picked up on the that there was a

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Speaker 3: rough cut, and Kid Rock has confirmed in a tweet

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Speaker 3: that the set was indeed pre recorded. He says it

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Speaker 3: was still recorded live and he didn't do any lip syncing.

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

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Speaker 1: for New Zealand Business.

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Speaker 3: Dan Mitchinson, US correspondent is with us right now. Hi Dan,

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Speaker 3: Hi Heather, what can you tell us about the news

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Speaker 3: which is just how that somebody's being detained.

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Speaker 13: Yeah, this is in the Nancy Guthrie disappearance case, and

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Speaker 13: authorities have detained a person for questioning. We understand that

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Speaker 13: this person was detained during a routine traffic stop. The

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Speaker 13: FBI releasing, of course, security pictures and videos of this

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Speaker 13: potential suspect into the investigation. Earlier, we've seen four images

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Speaker 13: depicting somebody wearing gloves and a mask and a backpack

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Speaker 13: appearing to tamper with the camera at her home the

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Speaker 13: morning that she disappeared, and the FBI said that this

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Speaker 13: potential suspect at the time was armed. What we don't

438
00:19:58,359 --> 00:20:02,200
Speaker 13: know right now, though, is is who this person is.

439
00:20:02,200 --> 00:20:04,879
Speaker 13: Is this the person that was was in the video,

440
00:20:05,080 --> 00:20:07,359
Speaker 13: or is this somebody completely different?

441
00:20:07,760 --> 00:20:07,919
Speaker 6: You know?

442
00:20:08,000 --> 00:20:10,360
Speaker 13: The FBI, you know, is just a few hours ago

443
00:20:10,440 --> 00:20:13,639
Speaker 13: was saying they weren't aware of any continued communication between

444
00:20:14,160 --> 00:20:17,720
Speaker 13: family members and the suspected kidnappers as well. So this

445
00:20:17,800 --> 00:20:20,000
Speaker 13: is something I think we're going to be learning a

446
00:20:20,040 --> 00:20:21,320
Speaker 13: lot more about in the coming hours.

447
00:20:21,400 --> 00:20:25,040
Speaker 3: Now, do you do you it's is it clear whether

448
00:20:25,080 --> 00:20:28,200
Speaker 3: the fact that somebody has been detained has been proactively

449
00:20:28,280 --> 00:20:31,879
Speaker 3: released by authorities or has leaked out and sort of

450
00:20:32,280 --> 00:20:33,320
Speaker 3: in an unplanned way.

451
00:20:34,200 --> 00:20:36,960
Speaker 13: I think this sort of leaked out. There were a

452
00:20:37,040 --> 00:20:42,840
Speaker 13: number of leaks from NBC News, CBS News, various news

453
00:20:42,880 --> 00:20:46,800
Speaker 13: sources as well that said this and then boom, it

454
00:20:46,920 --> 00:20:51,119
Speaker 13: just started to unfold. And maybe this is good that

455
00:20:51,119 --> 00:20:54,280
Speaker 13: they're actually releasing some news about this, because we haven't

456
00:20:54,320 --> 00:20:56,119
Speaker 13: heard a lot. And you know, you've been doing what

457
00:20:56,119 --> 00:20:58,120
Speaker 13: you've been doing for a long time. I have as well,

458
00:20:58,160 --> 00:20:59,520
Speaker 13: and you know, after a while, you get a gut

459
00:20:59,480 --> 00:21:02,160
Speaker 13: feeling about certain stories as something doesn't just sit right,

460
00:21:02,240 --> 00:21:05,400
Speaker 13: somebody is lying. It's like a sixth sense. And I've

461
00:21:05,440 --> 00:21:07,560
Speaker 13: talked to a few colleagues too, and you know, we

462
00:21:07,920 --> 00:21:10,280
Speaker 13: agree that something just hasn't felt right about this. The

463
00:21:10,359 --> 00:21:12,480
Speaker 13: FBI knew more than they were letting on, or the

464
00:21:12,520 --> 00:21:15,240
Speaker 13: family wasn't sharing a big chunk of information. Something just

465
00:21:15,240 --> 00:21:17,159
Speaker 13: felt a bit off. So hopefully we're going to get

466
00:21:17,160 --> 00:21:20,440
Speaker 13: a clear picture of what is going on with this

467
00:21:20,520 --> 00:21:21,480
Speaker 13: person that they detained.

468
00:21:21,560 --> 00:21:22,800
Speaker 3: Yeah, I think you bang on the aden.

469
00:21:23,000 --> 00:21:23,200
Speaker 2: Now.

470
00:21:23,720 --> 00:21:25,119
Speaker 3: I say, you got a whole bunch of people who

471
00:21:25,119 --> 00:21:26,480
Speaker 3: are leaving U as Congress.

472
00:21:27,040 --> 00:21:30,560
Speaker 13: Yeah, we sixty members, fifty one House members, nine senators,

473
00:21:30,560 --> 00:21:32,880
Speaker 13: and the question is why are they leaving them? I mean,

474
00:21:33,240 --> 00:21:37,160
Speaker 13: lawmakers can choose to retire for a variety of reasons,

475
00:21:37,160 --> 00:21:39,960
Speaker 13: you know, health issues, law commutes to Washington. The political

476
00:21:40,040 --> 00:21:44,919
Speaker 13: climate as well. It appears that it's just the unappealing

477
00:21:45,000 --> 00:21:49,639
Speaker 13: prospect of continuing in their jobs. NBC looked into this,

478
00:21:49,680 --> 00:21:51,159
Speaker 13: and it seems a lot of those who are retiring

479
00:21:51,160 --> 00:21:53,200
Speaker 13: and say, you know what, the political arena right now,

480
00:21:53,240 --> 00:21:57,520
Speaker 13: it's not a pleasant place to be. There's this toxic

481
00:21:57,560 --> 00:22:02,880
Speaker 13: partisan atmosphere. There's congressional retirements that can provide clues about

482
00:22:02,880 --> 00:22:05,520
Speaker 13: where lawmakers think the wins may be blowing in the

483
00:22:05,520 --> 00:22:08,840
Speaker 13: mid term elections coming up this November. And we've got

484
00:22:08,880 --> 00:22:12,639
Speaker 13: thirty House Republicans twenty one Democrats. The Senate's more evenly

485
00:22:12,640 --> 00:22:15,679
Speaker 13: divided on this, and I think Democrats are facing an

486
00:22:15,720 --> 00:22:17,720
Speaker 13: uphill battle to at the four seats they need for

487
00:22:17,760 --> 00:22:19,160
Speaker 13: control of this. So I think a lot of people

488
00:22:19,200 --> 00:22:21,520
Speaker 13: are saying, well, I'll go out while I'm on top,

489
00:22:21,600 --> 00:22:23,159
Speaker 13: or is at least, you know, as close to the

490
00:22:23,160 --> 00:22:25,760
Speaker 13: top as I'm going to get at this point.

491
00:22:26,080 --> 00:22:28,280
Speaker 3: Dan, thank you very much, mate, Always appreciate talking to you.

492
00:22:28,359 --> 00:22:32,040
Speaker 3: Dan Mitchison, a US correspondent eighteen away from five.

493
00:22:32,640 --> 00:22:33,720
Speaker 2: Hither doopersy L.

494
00:22:34,240 --> 00:22:36,560
Speaker 3: HEATHERN. Nichola needs to look forward and help our country

495
00:22:36,560 --> 00:22:39,320
Speaker 3: not do a pity inquiry into what saved our lives. Ah,

496
00:22:39,720 --> 00:22:43,680
Speaker 3: I'm off it a petty inquiry into what saved our

497
00:22:43,720 --> 00:22:46,720
Speaker 3: lives as of spending all of that money and buying

498
00:22:46,760 --> 00:22:50,760
Speaker 3: on the bond market and lending low, low, low funding

499
00:22:50,840 --> 00:22:55,040
Speaker 3: for banks, saved our lives? Come off it, I will say,

500
00:22:55,080 --> 00:22:57,680
Speaker 3: though I think this is necessary. I will say though

501
00:22:57,720 --> 00:23:01,320
Speaker 3: timing is way off, isn't it? Because what she was

502
00:23:01,359 --> 00:23:03,400
Speaker 3: calling for this, she being Nicola Willis, obviously was calling

503
00:23:03,400 --> 00:23:06,080
Speaker 3: for this what like twenty twenty two something like that,

504
00:23:06,680 --> 00:23:08,359
Speaker 3: wanting this to happen all of a sudden with twenty

505
00:23:08,359 --> 00:23:10,040
Speaker 3: twenty six were doing it all of a sudden. We're

506
00:23:10,040 --> 00:23:12,320
Speaker 3: doing it after the government's copped heat for a couple

507
00:23:12,359 --> 00:23:15,440
Speaker 3: of days on the old LNG tax. Yes, of course

508
00:23:15,440 --> 00:23:17,719
Speaker 3: it's designed to move us on, I would say, But

509
00:23:17,760 --> 00:23:20,480
Speaker 3: also I do think it's setting them up for the election.

510
00:23:20,560 --> 00:23:22,320
Speaker 3: So what they're doing is they're getting this thing done

511
00:23:22,520 --> 00:23:24,640
Speaker 3: reporting back I think because it's September around about then,

512
00:23:24,720 --> 00:23:26,600
Speaker 3: just before the election, so that it's all fresh in

513
00:23:26,640 --> 00:23:28,840
Speaker 3: our minds when we go to vote again just what

514
00:23:28,960 --> 00:23:31,280
Speaker 3: Chippy and that lot did to us. So yeah, it's political,

515
00:23:31,440 --> 00:23:33,320
Speaker 3: totally is but you know, fair play. This is how

516
00:23:33,320 --> 00:23:37,800
Speaker 3: the business works now, Jesse Mulligan has written. He writes

517
00:23:37,840 --> 00:23:40,960
Speaker 3: for Weva in the Herald. He's raving at the moment

518
00:23:40,960 --> 00:23:42,800
Speaker 3: about a drink that we all need to try now.

519
00:23:42,840 --> 00:23:46,119
Speaker 3: It's a South American thing called a Mitchell Lada. And

520
00:23:46,160 --> 00:23:48,160
Speaker 3: if you don't know what I'm talking about, get ready

521
00:23:48,200 --> 00:23:53,240
Speaker 3: for this. It's basically beer mixed with tomato juice. Just

522
00:23:53,280 --> 00:23:56,800
Speaker 3: comprehend that for a second there, beer mixed with tomato juice.

523
00:23:56,920 --> 00:23:58,760
Speaker 3: This is what he says. I'm gonna introduce you to

524
00:23:58,800 --> 00:24:03,360
Speaker 3: the world's most refreshing drink. Big call from Jesse. It unfortunately,

525
00:24:03,400 --> 00:24:06,800
Speaker 3: will also sound to you like the world's most disgusting drink. Yes,

526
00:24:06,960 --> 00:24:08,600
Speaker 3: but you must close your eyes and trust me when

527
00:24:08,600 --> 00:24:10,760
Speaker 3: I tell you that bem mixed with tomato juice is

528
00:24:10,760 --> 00:24:13,320
Speaker 3: the future. He reckons. It's perfect for hot summer nights

529
00:24:13,359 --> 00:24:15,720
Speaker 3: like Auckland in the Upper North Island is experiencing at

530
00:24:15,760 --> 00:24:18,000
Speaker 3: the moment. Says, a bottle of corona is too dull

531
00:24:18,040 --> 00:24:20,480
Speaker 3: on a night like this. A glass of tomato juice

532
00:24:20,520 --> 00:24:22,439
Speaker 3: is too much like a hotel breakfast. But if you

533
00:24:22,440 --> 00:24:25,040
Speaker 3: put the two together, you will get yourself a deliciously drinkable,

534
00:24:25,080 --> 00:24:28,640
Speaker 3: low alcohol cocktail. That nicely fills the gap when you've

535
00:24:28,680 --> 00:24:30,480
Speaker 3: just had your first margarita, but you aren't in the

536
00:24:30,480 --> 00:24:32,600
Speaker 3: mood to tie one on. Now. I don't know about you,

537
00:24:33,240 --> 00:24:35,600
Speaker 3: but I reckon. I'm actually counting down the days to

538
00:24:35,640 --> 00:24:38,240
Speaker 3: try this out. I'm keen on it because not only

539
00:24:38,320 --> 00:24:39,960
Speaker 3: is a little bit of fun with the old Corona little,

540
00:24:40,600 --> 00:24:43,280
Speaker 3: but also that's nutritious, isn't it. You drink yourself a

541
00:24:43,280 --> 00:24:46,160
Speaker 3: little bit of tomato juice. Sixteen away from five.

542
00:24:46,720 --> 00:24:50,480
Speaker 1: Politics with centrics credit, check your customers and get payment certainty.

543
00:24:51,000 --> 00:24:52,960
Speaker 3: Erica Stanford's going to be with us on this report,

544
00:24:52,960 --> 00:24:56,000
Speaker 3: absolutely slamming the Teaching Council. After half past five right now,

545
00:24:56,040 --> 00:24:59,080
Speaker 3: fourteen away from five Barries so Political Senior Political correspondence

546
00:24:59,080 --> 00:25:01,399
Speaker 3: with us Hallo, Barry Good afternoon, Heather. How good was

547
00:25:02,320 --> 00:25:03,240
Speaker 3: Winston's email?

548
00:25:06,040 --> 00:25:10,240
Speaker 7: Look, Winston, there's nobody that can vent like Winston. And

549
00:25:10,720 --> 00:25:14,960
Speaker 7: the story basically comes from I think the Greens have

550
00:25:15,480 --> 00:25:16,280
Speaker 7: set this one up.

551
00:25:16,320 --> 00:25:18,000
Speaker 3: Are The clue is in the fact that the person

552
00:25:18,000 --> 00:25:20,680
Speaker 3: pops up from the Green.

553
00:25:20,640 --> 00:25:23,840
Speaker 7: And the Greens and Winston do not see I to

554
00:25:24,000 --> 00:25:28,800
Speaker 7: I on anything. So on December the first, twenty twenty four,

555
00:25:29,200 --> 00:25:35,879
Speaker 7: an email came from Joseph Parker's promoter suggesting the Saudi

556
00:25:35,920 --> 00:25:39,960
Speaker 7: authorities would be delighted to host Winston Peters at the

557
00:25:40,000 --> 00:25:43,520
Speaker 7: bout he was about to undertake at five pm that

558
00:25:43,720 --> 00:25:47,960
Speaker 7: day Peter's team and form Foreign Affairs that he wanted

559
00:25:48,000 --> 00:25:51,800
Speaker 7: to attend, with officials understanding the minister was very intent

560
00:25:51,960 --> 00:25:55,680
Speaker 7: on visiting the Gulf next year, so lo and behold

561
00:25:55,720 --> 00:25:59,760
Speaker 7: the visit form part of a broader diplomatic tour that

562
00:25:59,840 --> 00:26:04,159
Speaker 7: included the United Arab Emirates, China, Mongolia and South Korea,

563
00:26:05,080 --> 00:26:09,520
Speaker 7: with Winston having legitimate, as you said over the emails,

564
00:26:09,840 --> 00:26:13,520
Speaker 7: legitimate meetings in these areas, and there's nothing that wrong

565
00:26:13,600 --> 00:26:16,640
Speaker 7: in the Foreign Minister being in a place where good

566
00:26:16,680 --> 00:26:20,000
Speaker 7: New Zealander is performing in some sort of sport and

567
00:26:20,160 --> 00:26:22,840
Speaker 7: wanting to be in the crowd to pat him on

568
00:26:22,880 --> 00:26:26,520
Speaker 7: the back. Parliament began today though with Peter's venting his

569
00:26:26,600 --> 00:26:29,639
Speaker 7: spleen at TV and Z like I said, only is

570
00:26:29,680 --> 00:26:30,440
Speaker 7: he able to.

571
00:26:30,320 --> 00:26:33,920
Speaker 14: Do TV and Z round are completely unhinged and unbalanced.

572
00:26:34,680 --> 00:26:36,520
Speaker 3: And this graceful story last.

573
00:26:36,400 --> 00:26:40,320
Speaker 14: Night about this travel to two regions of bad importance

574
00:26:40,359 --> 00:26:43,640
Speaker 14: too in his island, and both diplomatic and trade terms

575
00:26:43,880 --> 00:26:46,080
Speaker 14: This was a visit during which we met political leaders,

576
00:26:46,080 --> 00:26:49,919
Speaker 14: including foreign ministers of the United Arab Emirates, Saudi Arabia,

577
00:26:50,080 --> 00:26:53,320
Speaker 14: China and Mongolian some fairly important countries to do in

578
00:26:53,359 --> 00:26:56,120
Speaker 14: that list. Did TV Inza report any of this last

579
00:26:56,200 --> 00:26:59,480
Speaker 14: night despite our department then with all this information. Of course,

580
00:26:59,560 --> 00:27:02,359
Speaker 14: not believe in balance and honesty and antigrity. They believe

581
00:27:02,400 --> 00:27:05,119
Speaker 14: in gratudas hit jobs. And they even mentioned the Parker

582
00:27:05,200 --> 00:27:08,040
Speaker 14: fight in London if that had the decasy to ask

583
00:27:08,080 --> 00:27:10,120
Speaker 14: me that I showed them the seats of me paying

584
00:27:10,200 --> 00:27:13,280
Speaker 14: personally for me and my staff member, not unlike you.

585
00:27:13,240 --> 00:27:14,200
Speaker 2: You bludger.

586
00:27:20,000 --> 00:27:24,760
Speaker 7: Shane Jones coming with boxing boxing, you know, because he

587
00:27:24,880 --> 00:27:27,200
Speaker 7: was boxing, certainly in Parliament he was furious.

588
00:27:27,560 --> 00:27:30,920
Speaker 3: Okay, now tell me about the gas taxes. This then

589
00:27:30,960 --> 00:27:31,480
Speaker 3: come up again.

590
00:27:31,600 --> 00:27:35,200
Speaker 7: Well, yes, of course the government again was on the

591
00:27:35,280 --> 00:27:38,639
Speaker 7: ropes today over the electricity industry levy for the billion

592
00:27:38,680 --> 00:27:43,040
Speaker 7: dollar plus Allan g Plant and Taranaki. The Chriss were

593
00:27:43,080 --> 00:27:47,120
Speaker 7: battling again about who's going to pick up the tab homeowners,

594
00:27:47,160 --> 00:27:51,639
Speaker 7: electricity users or the retail companies. It's a topic that

595
00:27:51,720 --> 00:27:55,560
Speaker 7: the Prime Minister's defending against, the feeling that the cost

596
00:27:55,680 --> 00:27:56,919
Speaker 7: will be passed on.

597
00:27:57,400 --> 00:27:59,960
Speaker 9: He is, Oh, there's a charge charge to electricity company,

598
00:28:00,080 --> 00:28:01,200
Speaker 9: as we discussed yesterday.

599
00:28:01,480 --> 00:28:02,360
Speaker 3: But the great thing is.

600
00:28:02,320 --> 00:28:05,440
Speaker 9: There's a saving to power bills for every single consumer

601
00:28:05,600 --> 00:28:06,400
Speaker 9: in this country.

602
00:28:06,640 --> 00:28:10,440
Speaker 3: Is it a tax, a levy, a fee or a charge?

603
00:28:10,760 --> 00:28:11,119
Speaker 6: What it is?

604
00:28:11,119 --> 00:28:12,960
Speaker 3: A lower power bills for news Ealanders.

605
00:28:15,200 --> 00:28:20,440
Speaker 14: Will he guarantee therefore that the increased cost on electricity

606
00:28:20,480 --> 00:28:23,920
Speaker 14: that his government is imposing will not be passed.

607
00:28:23,600 --> 00:28:24,560
Speaker 2: On to consumers?

608
00:28:25,080 --> 00:28:26,320
Speaker 15: Well, there won't be a high cost.

609
00:28:29,960 --> 00:28:35,800
Speaker 7: What so look whoever advised them on how to sell

610
00:28:35,840 --> 00:28:40,160
Speaker 7: this policy, they should be fired immediately because what they

611
00:28:40,200 --> 00:28:44,160
Speaker 7: can do with legislation is to require the electricity companies

612
00:28:44,680 --> 00:28:47,640
Speaker 7: not to pass on the cost of the consumer now

613
00:28:47,760 --> 00:28:51,080
Speaker 7: in our power bills at the moment, there is a

614
00:28:51,200 --> 00:28:54,080
Speaker 7: risk element to that. If it goes down in the winter,

615
00:28:54,160 --> 00:28:57,920
Speaker 7: we pay that now. And what his argument is that

616
00:28:58,040 --> 00:29:00,520
Speaker 7: risk factor will go out of the bills, so our

617
00:29:00,560 --> 00:29:01,640
Speaker 7: bills will be cheaper.

618
00:29:01,680 --> 00:29:03,560
Speaker 13: But we have to wait to see.

619
00:29:03,600 --> 00:29:06,000
Speaker 3: What I mean, how many times have we been promised

620
00:29:06,000 --> 00:29:07,880
Speaker 3: that some bill is going to come down and we've

621
00:29:07,920 --> 00:29:10,280
Speaker 3: lived through that bill never coming down. So the problem

622
00:29:10,400 --> 00:29:12,440
Speaker 3: is this tell me another one at this time?

623
00:29:12,760 --> 00:29:15,720
Speaker 7: Is an election year, not a good time totally.

624
00:29:15,800 --> 00:29:17,680
Speaker 3: Nikola Willis is called this COVID inquiry. What do you

625
00:29:17,720 --> 00:29:18,040
Speaker 3: make of it?

626
00:29:18,560 --> 00:29:21,320
Speaker 7: Well, it's interesting it was called today, wasn't it, because

627
00:29:21,360 --> 00:29:23,320
Speaker 7: it was a bit of a surprise, even though this

628
00:29:23,440 --> 00:29:26,560
Speaker 7: has been two years in the making, because the announced

629
00:29:26,560 --> 00:29:29,800
Speaker 7: two years ago they would do this. So even though

630
00:29:29,840 --> 00:29:33,240
Speaker 7: the government said that, Nikola Aull says, it's important to

631
00:29:33,240 --> 00:29:35,800
Speaker 7: put the right people in place to find out what

632
00:29:35,920 --> 00:29:36,680
Speaker 7: actually happened.

633
00:29:36,720 --> 00:29:39,880
Speaker 16: I took extensive advice from Treasury on who would have

634
00:29:39,960 --> 00:29:44,040
Speaker 16: the suitable qualifications and experience to conduct this independent review.

635
00:29:44,200 --> 00:29:47,640
Speaker 16: Their review will be independent, which means that the conclusions

636
00:29:47,640 --> 00:29:52,560
Speaker 16: found can be objective and constructive. The review will consider

637
00:29:52,640 --> 00:29:55,720
Speaker 16: whether the Monetary Policy Committee and the Treasury were effectively

638
00:29:55,760 --> 00:29:58,480
Speaker 16: sharing information and what improvements could be made to the

639
00:29:58,520 --> 00:30:03,720
Speaker 16: framework and operation of the coordination of monetary and fiscal policy.

640
00:30:04,120 --> 00:30:06,440
Speaker 7: Now, I heard the interview you had earlier on that

641
00:30:06,640 --> 00:30:10,920
Speaker 7: which was to me quite interesting. The review will be

642
00:30:10,960 --> 00:30:14,080
Speaker 7: carried out, as he said, by the former Assistant Governor

643
00:30:14,400 --> 00:30:17,400
Speaker 7: of the Reserve Bank and the former Governor of the

644
00:30:17,440 --> 00:30:21,880
Speaker 7: Reserve Bank and Cypress, so he's on this inquiry as well.

645
00:30:21,920 --> 00:30:25,200
Speaker 7: He's a professor apparently that knows how things like this

646
00:30:25,280 --> 00:30:28,840
Speaker 7: should work. So there'll be a lot of fit of

647
00:30:28,920 --> 00:30:31,560
Speaker 7: breath waiting on this one. Not the side of the

648
00:30:31,600 --> 00:30:34,080
Speaker 7: election though, No, No.

649
00:30:34,120 --> 00:30:36,560
Speaker 3: It's coming out in September or something. Oh well, it is.

650
00:30:36,480 --> 00:30:39,840
Speaker 7: Probably this side, because they know full well the flinger

651
00:30:39,960 --> 00:30:43,640
Speaker 7: will be pointed at the Labor Party for the drunkens.

652
00:30:44,160 --> 00:30:46,280
Speaker 3: It's designed to come out before the election, so we're

653
00:30:46,320 --> 00:30:48,480
Speaker 3: all reminded and it's all fresh in our minds as

654
00:30:48,480 --> 00:30:50,960
Speaker 3: we go to the election. Or Chippy and is Lock

655
00:30:51,000 --> 00:30:51,360
Speaker 3: did to.

656
00:30:51,360 --> 00:30:53,160
Speaker 7: Us while providing it says the right thing?

657
00:30:53,240 --> 00:30:55,640
Speaker 3: Yes, well, I suspect it's very hard to see you

658
00:30:55,720 --> 00:30:57,719
Speaker 3: coming out with anything else. Barry, thank you very much,

659
00:30:57,720 --> 00:31:00,200
Speaker 3: appreciate it very so, ob SENIORR. Political correspondence can up

660
00:31:00,240 --> 00:31:03,640
Speaker 3: seven away from five. Heather, I've been doing that thing

661
00:31:03,680 --> 00:31:05,640
Speaker 3: with the beer and the tomato juice for years. I

662
00:31:05,680 --> 00:31:08,920
Speaker 3: call it a beery Mary. It's quite good, Heather Mitchell.

663
00:31:09,000 --> 00:31:12,800
Speaker 3: Ladas are like bloody Mary's, but for hot days they're delicious. Well, yeah,

664
00:31:12,960 --> 00:31:15,240
Speaker 3: it sounds like it. Hither you lost us at Corona.

665
00:31:15,480 --> 00:31:18,080
Speaker 3: Now I'm just going just I mean, I'm just going

666
00:31:18,160 --> 00:31:22,400
Speaker 3: to point out that beer snobbery is not cool. And

667
00:31:22,520 --> 00:31:25,840
Speaker 3: actually you come full circle. So first of all, you

668
00:31:25,960 --> 00:31:28,040
Speaker 3: start out as a young one and you're swinging back

669
00:31:28,120 --> 00:31:30,640
Speaker 3: the old green bottled beers and the coronas and the souls.

670
00:31:31,240 --> 00:31:33,000
Speaker 3: You're having a great time. And then of course then

671
00:31:33,040 --> 00:31:34,920
Speaker 3: the craft thing arrived, and then we got into that

672
00:31:34,960 --> 00:31:37,760
Speaker 3: and we're like, ah la, I prefer a hazing h well,

673
00:31:37,800 --> 00:31:40,640
Speaker 3: I prefer thur and we got all like that about it, right,

674
00:31:41,160 --> 00:31:44,440
Speaker 3: and then you start to come because but then then

675
00:31:44,840 --> 00:31:47,600
Speaker 3: then you mature so much, which I would like to

676
00:31:47,640 --> 00:31:49,680
Speaker 3: point out, this is the stage that I'm at. Well,

677
00:31:49,720 --> 00:31:53,320
Speaker 3: you come back around again the coronas again, because what

678
00:31:53,360 --> 00:31:56,120
Speaker 3: you've realized is you drink a couple of those crafty

679
00:31:56,160 --> 00:31:57,680
Speaker 3: ones and it sits you on your butt for the

680
00:31:57,680 --> 00:31:59,240
Speaker 3: rest of the day. And you don't need that because

681
00:31:59,240 --> 00:32:01,200
Speaker 3: you've got two children under the age of four. So

682
00:32:01,280 --> 00:32:02,320
Speaker 3: what you want to do is you want to go

683
00:32:02,320 --> 00:32:03,760
Speaker 3: out for a nice lunch in the summit to have it.

684
00:32:03,800 --> 00:32:05,920
Speaker 3: Let's have a little corona. It's nice, you have a

685
00:32:05,920 --> 00:32:08,680
Speaker 3: little beer. You're not boozed. And so actually I've come

686
00:32:08,680 --> 00:32:11,200
Speaker 3: around to discovering that don't be like that about the coronas.

687
00:32:11,200 --> 00:32:14,160
Speaker 3: They're delicious. Here the my heritage is Croatian. We can

688
00:32:14,200 --> 00:32:17,080
Speaker 3: one up the South Americans. We have a thing called Bambus.

689
00:32:17,440 --> 00:32:21,880
Speaker 3: It's red wine mixed with coca cola. It's very popular. Yeah,

690
00:32:21,920 --> 00:32:23,720
Speaker 3: just cool. I as just if that red wine wasn't

691
00:32:23,720 --> 00:32:26,120
Speaker 3: giving you enough of a sugar injection, you just top

692
00:32:26,160 --> 00:32:27,360
Speaker 3: it up with a little bit more sugar so he

693
00:32:27,400 --> 00:32:29,719
Speaker 3: can get completely spiked on it. Now, this is going

694
00:32:29,800 --> 00:32:33,240
Speaker 3: to be contentious potentially. The guy who founded the MBR

695
00:32:33,360 --> 00:32:36,959
Speaker 3: back in the seventies has agreed to publish Ron Briley's autobiography,

696
00:32:37,400 --> 00:32:39,800
Speaker 3: which is contentious already because Ron Briley, of course has

697
00:32:39,840 --> 00:32:42,600
Speaker 3: been convicted for looking at child sex images, so he's

698
00:32:42,720 --> 00:32:47,040
Speaker 3: kind of canceled. But the autobiography also just deals with

699
00:32:47,480 --> 00:32:52,520
Speaker 3: his life completely failing to mention the old child sex

700
00:32:52,760 --> 00:32:55,720
Speaker 3: chargers child sex images charges. Anyway, we're gonna have a

701
00:32:55,760 --> 00:32:58,920
Speaker 3: chat to him. The NBR founder, Henry Nuick, will be

702
00:32:59,000 --> 00:33:01,720
Speaker 3: with us after six o'clock. Next up, Nikola willis on

703
00:33:01,800 --> 00:33:02,720
Speaker 3: ordering this inquiry.

704
00:33:02,760 --> 00:33:02,920
Speaker 2: Now.

705
00:33:03,040 --> 00:33:03,800
Speaker 3: News Talks b.

706
00:33:13,840 --> 00:33:16,280
Speaker 1: The only drive show you can try the tu to

707
00:33:16,320 --> 00:33:20,040
Speaker 1: ask the questions, get the answers, find a fat and

708
00:33:20,760 --> 00:33:24,719
Speaker 1: give the analysis. Heather Duplicy Ellen Drive with one New

709
00:33:24,800 --> 00:33:27,640
Speaker 1: Zealand and the power of satellite mobile news.

710
00:33:27,680 --> 00:33:29,680
Speaker 2: Doorgs be good afternoon.

711
00:33:29,760 --> 00:33:32,920
Speaker 3: Nikola Willis has this afternoon announced a surprise inquiry into

712
00:33:32,960 --> 00:33:36,280
Speaker 3: the Reserve Bank's handling of the COVID crisis. Two international

713
00:33:36,320 --> 00:33:38,640
Speaker 3: central bankers will conduct the inquiry and they will look

714
00:33:38,640 --> 00:33:41,040
Speaker 3: at the bank cutting the ocr to a record low

715
00:33:41,320 --> 00:33:43,920
Speaker 3: and running the large scale asset purchase program that costs

716
00:33:44,000 --> 00:33:46,680
Speaker 3: US more than half of what the christ Church earthquakes

717
00:33:46,680 --> 00:33:49,120
Speaker 3: cost the government. Nicola Willis is with US now Finance Minister.

718
00:33:49,160 --> 00:33:50,400
Speaker 3: Of course, Nikola, Hello.

719
00:33:50,800 --> 00:33:53,120
Speaker 16: Good evening. It should come as no surprise. I recall

720
00:33:53,200 --> 00:33:56,240
Speaker 16: coming on your show as an opposition finance fokesperson and

721
00:33:56,360 --> 00:33:58,840
Speaker 16: saying it's not enough to let the Reserve Bank mark

722
00:33:58,880 --> 00:34:02,080
Speaker 16: their own homework. The Minister, I'll commission an independent review

723
00:34:02,440 --> 00:34:03,320
Speaker 16: and that's what we've done.

724
00:34:03,480 --> 00:34:05,560
Speaker 3: And it's a surprise because you've been talking about it

725
00:34:05,600 --> 00:34:07,479
Speaker 3: since twenty twenty two and you've done it today.

726
00:34:08,760 --> 00:34:11,960
Speaker 16: Well, that's because we've had a very busy work program

727
00:34:12,000 --> 00:34:14,800
Speaker 16: with the Reserve Bank coming into government. Our first priority

728
00:34:14,920 --> 00:34:17,520
Speaker 16: was to change the law to get them singularly focused

729
00:34:17,560 --> 00:34:20,840
Speaker 16: on fighting inflation. We did that. We then needed to

730
00:34:20,880 --> 00:34:25,000
Speaker 16: sort out their funding agreement. They were being grossly overfunded

731
00:34:25,000 --> 00:34:28,520
Speaker 16: and we needed to negotiate that. We were also refreshing

732
00:34:28,560 --> 00:34:31,640
Speaker 16: the governance of the Reserve Bank and its work program

733
00:34:31,719 --> 00:34:34,640
Speaker 16: to focus it more on banking competition. At the point

734
00:34:34,640 --> 00:34:37,799
Speaker 16: that the Reserve Bank Governor resigned, I then said, right,

735
00:34:37,880 --> 00:34:40,560
Speaker 16: this is a good juncture at which to get some

736
00:34:40,600 --> 00:34:43,440
Speaker 16: advice on the independent review and get that guying. Cabinet

737
00:34:44,120 --> 00:34:47,200
Speaker 16: decided in August to do it, and then I have

738
00:34:47,280 --> 00:34:49,640
Speaker 16: been going through a process of deliberation to ensure that

739
00:34:49,640 --> 00:34:51,520
Speaker 16: we have appropriate independent reviewers.

740
00:34:51,560 --> 00:34:54,000
Speaker 3: Way wait though, until the two key play is being

741
00:34:54,120 --> 00:34:56,000
Speaker 3: or and quickly are gone.

742
00:34:56,800 --> 00:34:59,919
Speaker 16: Well, it's simply that we had a very busy work

743
00:35:00,120 --> 00:35:03,120
Speaker 16: gender with the Reserve Bank, and there's only so much

744
00:35:03,160 --> 00:35:06,520
Speaker 16: everyone can handle at one time. And I ordered the priorities,

745
00:35:06,560 --> 00:35:09,400
Speaker 16: get them fighting inflation, get the funding agreement under control,

746
00:35:09,480 --> 00:35:12,279
Speaker 16: make sure the work program stacks up. And now we're

747
00:35:12,280 --> 00:35:14,440
Speaker 16: at the point where we can do the independent review.

748
00:35:14,520 --> 00:35:18,920
Speaker 16: And it is pleasing that the incoming governor has welcomed it,

749
00:35:19,160 --> 00:35:22,880
Speaker 16: and actually the chair has welcomed it. The Monetary Policy

750
00:35:22,880 --> 00:35:26,000
Speaker 16: Committee are on board. I think the Reserve banks see

751
00:35:26,040 --> 00:35:28,279
Speaker 16: what I and most New Zealanders see which is we

752
00:35:28,320 --> 00:35:32,600
Speaker 16: should have nothing to fear from transparency and sunlight on

753
00:35:32,719 --> 00:35:36,240
Speaker 16: what we're major financial decisions and if we can learn

754
00:35:36,800 --> 00:35:39,400
Speaker 16: lessons from history and do it better next time, we

755
00:35:39,640 --> 00:35:43,120
Speaker 16: absolutely should do that and counterbaught to New Zealanders for it.

756
00:35:43,040 --> 00:35:45,279
Speaker 3: Will or in quickly cooperate.

757
00:35:46,480 --> 00:35:47,600
Speaker 16: Well, that's up to them.

758
00:35:48,440 --> 00:35:50,160
Speaker 3: So you should have done it when they were still there,

759
00:35:50,160 --> 00:35:53,000
Speaker 3: because then that have to cooperate. Mischance, isn't it?

760
00:35:53,920 --> 00:35:54,080
Speaker 17: Well?

761
00:35:54,120 --> 00:35:56,960
Speaker 16: I don't think it is a mischance because the statutory

762
00:35:57,080 --> 00:35:59,319
Speaker 16: power I have means that the Reserve Bank need to

763
00:35:59,360 --> 00:36:02,640
Speaker 16: furnish all of the information that they hold about the

764
00:36:02,680 --> 00:36:06,640
Speaker 16: decisions that were made. They have to make available the

765
00:36:06,680 --> 00:36:09,080
Speaker 16: members of their current officers and their current members of

766
00:36:09,160 --> 00:36:13,360
Speaker 16: staff to provide interview response. There's been significant continuity in

767
00:36:13,400 --> 00:36:15,280
Speaker 16: the people, so we'll be able to get the information.

768
00:36:15,800 --> 00:36:19,560
Speaker 16: Whether or not Adrian or and Neil quickly want to

769
00:36:19,680 --> 00:36:21,839
Speaker 16: give their side of the story is up to them.

770
00:36:22,320 --> 00:36:25,480
Speaker 3: Now, what is it that we're looking for here? Primarily?

771
00:36:25,560 --> 00:36:28,799
Speaker 3: Is it about a portioning blame to whoever is responsible

772
00:36:28,840 --> 00:36:31,680
Speaker 3: for bad decisions? Or is it about learning from past

773
00:36:31,719 --> 00:36:33,920
Speaker 3: mistakes so that we don't repeat them?

774
00:36:34,000 --> 00:36:38,360
Speaker 16: Learning? What I want us to be dispassionate about is okay?

775
00:36:38,560 --> 00:36:41,600
Speaker 16: Knowing what we know now, Knowing that the result of

776
00:36:41,600 --> 00:36:44,640
Speaker 16: what the Reserve Bank did was record high inflation that

777
00:36:44,680 --> 00:36:46,600
Speaker 16: stayed out a target for three years, led to a

778
00:36:46,640 --> 00:36:49,400
Speaker 16: cost of living crisis, Knowing what we know now that

779
00:36:49,440 --> 00:36:52,000
Speaker 16: we lost ten point eight billion dollars on that money

780
00:36:52,000 --> 00:36:55,040
Speaker 16: printing exercise. Knowing what we know now that house prices

781
00:36:55,080 --> 00:36:58,719
Speaker 16: spiked up thirty percent in one year, only to come

782
00:36:58,760 --> 00:37:01,880
Speaker 16: falling down again. Knowing all of that, when we look back,

783
00:37:02,400 --> 00:37:06,040
Speaker 16: did all of those costs really really match up to

784
00:37:06,080 --> 00:37:08,640
Speaker 16: the benefits that we got. Let's be dispassionate and think

785
00:37:08,680 --> 00:37:12,080
Speaker 16: about how we might do it differently next time. It's

786
00:37:12,120 --> 00:37:15,279
Speaker 16: really simple, Heather. Those who don't learn the lessons of

787
00:37:15,400 --> 00:37:18,439
Speaker 16: history are doing to repeat them all right.

788
00:37:18,560 --> 00:37:20,960
Speaker 3: So on the l and G Levy, are we now

789
00:37:20,960 --> 00:37:23,040
Speaker 3: calling it officially? Because I saw that the kerfuffle that

790
00:37:23,040 --> 00:37:25,160
Speaker 3: happened on television last night where everybody was saying is

791
00:37:25,160 --> 00:37:27,040
Speaker 3: a different thing. What's the official line? Is it levy

792
00:37:27,120 --> 00:37:27,839
Speaker 3: or attacks?

793
00:37:28,200 --> 00:37:28,359
Speaker 2: Well?

794
00:37:28,440 --> 00:37:30,480
Speaker 16: I think this comes down to the fact that Labor

795
00:37:30,719 --> 00:37:34,520
Speaker 16: have put out some misinformation saying it's a levy on households.

796
00:37:34,880 --> 00:37:38,120
Speaker 16: We are not putting a levy on households, and that's

797
00:37:38,160 --> 00:37:41,560
Speaker 16: the bit we've disagreed with. What we have said is

798
00:37:41,560 --> 00:37:44,920
Speaker 16: that we will levy the energy companies themselves to pay

799
00:37:44,920 --> 00:37:48,359
Speaker 16: for it. And what the advice we've received is that

800
00:37:48,440 --> 00:37:51,520
Speaker 16: the that that cost will be outweighed to the by

801
00:37:51,520 --> 00:37:52,520
Speaker 16: the benefit to them.

802
00:37:52,600 --> 00:37:56,720
Speaker 3: And but you've also received advice. You've also received advice.

803
00:37:56,360 --> 00:37:59,160
Speaker 16: That it's really important.

804
00:37:59,200 --> 00:37:59,600
Speaker 6: No, I'm not.

805
00:38:00,239 --> 00:38:02,799
Speaker 3: That's that we've traversed that on the show two days ago.

806
00:38:03,080 --> 00:38:05,440
Speaker 16: We have because what's important here is the household. The

807
00:38:05,480 --> 00:38:07,839
Speaker 16: people listening to your show are worried about what this

808
00:38:07,920 --> 00:38:10,640
Speaker 16: means for their electricity bill, and what it means for them,

809
00:38:10,800 --> 00:38:14,359
Speaker 16: we are advised is that it will lower their electricity bill.

810
00:38:14,480 --> 00:38:17,480
Speaker 16: So to describe that as an extra cost an extra tax,

811
00:38:17,800 --> 00:38:18,880
Speaker 16: is inaccurate, Nikola.

812
00:38:19,280 --> 00:38:21,560
Speaker 3: The officials have also told you that the levy will

813
00:38:21,600 --> 00:38:23,520
Speaker 3: likely be passed on to consumers, and any of us

814
00:38:23,560 --> 00:38:25,879
Speaker 3: who've been around for more than about five minutes paying

815
00:38:25,920 --> 00:38:28,560
Speaker 3: household bills know it always gets passed on.

816
00:38:28,600 --> 00:38:30,239
Speaker 16: So it's going to be what you're missing. Here's what

817
00:38:30,280 --> 00:38:33,160
Speaker 16: you're missing. The next very next piece of paragraph in

818
00:38:33,239 --> 00:38:36,600
Speaker 16: that advice says the benefits will also be passed on

819
00:38:36,680 --> 00:38:40,200
Speaker 16: to consumers, which will outweigh the costs, and that the

820
00:38:40,239 --> 00:38:44,040
Speaker 16: net effect is a fifty dollars per year reductions. So

821
00:38:44,560 --> 00:38:47,040
Speaker 16: the question is whether or not the bills will be lower,

822
00:38:47,400 --> 00:38:49,600
Speaker 16: and the answer is yes or whatever.

823
00:38:49,920 --> 00:38:52,200
Speaker 3: I mean, anybody who's paid bills for their household for

824
00:38:52,239 --> 00:38:55,160
Speaker 3: more than five minutes will know that they never come down.

825
00:38:55,719 --> 00:38:58,920
Speaker 3: Despite repeated government promises that some or other big brain

826
00:38:59,040 --> 00:39:00,839
Speaker 3: idea is going to bring down price, it never does.

827
00:39:00,880 --> 00:39:02,960
Speaker 16: Well, your listeners have a choice, do they do they

828
00:39:03,000 --> 00:39:05,759
Speaker 16: go with Heather's reckons or do we go with there

829
00:39:05,800 --> 00:39:06,720
Speaker 16: are benefit?

830
00:39:08,000 --> 00:39:08,160
Speaker 6: No?

831
00:39:08,160 --> 00:39:09,560
Speaker 16: No, no, we had.

832
00:39:09,600 --> 00:39:12,279
Speaker 3: You're not the first. You're not the first politician.

833
00:39:11,840 --> 00:39:15,359
Speaker 16: To make a promise like this. Okay, we had economists

834
00:39:15,360 --> 00:39:18,960
Speaker 16: to a cost benefit analysis. Our test was will this

835
00:39:19,160 --> 00:39:22,280
Speaker 16: reduce costs to households? Tell us how much it will cost,

836
00:39:22,440 --> 00:39:25,920
Speaker 16: tell us what benefits it will create, and their independent

837
00:39:25,960 --> 00:39:28,640
Speaker 16: analysis was that it would create a fifty dollars per

838
00:39:28,719 --> 00:39:32,040
Speaker 16: year net benefit to households. It's on that basis that.

839
00:39:32,000 --> 00:39:33,719
Speaker 3: We're perceiving when when.

840
00:39:35,520 --> 00:39:38,680
Speaker 16: The procurement work is underway and.

841
00:39:38,719 --> 00:39:41,040
Speaker 3: No, no, no, when when when will the when will

842
00:39:41,080 --> 00:39:43,879
Speaker 3: we have fifty dollars shaved off? Our power bills.

843
00:39:45,600 --> 00:39:47,839
Speaker 16: Well, what the analysis says is that at the point

844
00:39:47,880 --> 00:39:50,440
Speaker 16: the L and G plant is up and running eight,

845
00:39:50,600 --> 00:39:53,680
Speaker 16: that generators can rely on it, that that will that

846
00:39:53,719 --> 00:39:54,520
Speaker 16: will reduce.

847
00:39:54,280 --> 00:39:56,400
Speaker 3: That happens in twenty twenty eight, which is not going

848
00:39:56,480 --> 00:39:58,439
Speaker 3: to happen. But if it happens, Nicla, I will buy

849
00:39:58,480 --> 00:40:00,719
Speaker 3: you a bottle of your favorite drink and you can

850
00:40:00,760 --> 00:40:03,920
Speaker 3: go as expensive as you will, because I am that certain.

851
00:40:04,200 --> 00:40:07,520
Speaker 3: This is byes. Now listen, just seriously, do you have

852
00:40:07,640 --> 00:40:09,080
Speaker 3: do you have to legislate for this levy?

853
00:40:09,080 --> 00:40:09,239
Speaker 6: Though?

854
00:40:09,239 --> 00:40:10,120
Speaker 3: Do you have to pass the law?

855
00:40:11,600 --> 00:40:13,520
Speaker 16: Look, I'm not sure. You'd have to ask the Minister

856
00:40:13,600 --> 00:40:14,120
Speaker 16: in charge.

857
00:40:14,200 --> 00:40:16,440
Speaker 3: If you did. Would you have support of the Act Party?

858
00:40:17,719 --> 00:40:17,919
Speaker 18: Yeah?

859
00:40:17,920 --> 00:40:20,600
Speaker 16: The Act Party. This is a cabinet decision. Everyone's on board,

860
00:40:20,600 --> 00:40:22,440
Speaker 16: And I tell you who else is on board. The

861
00:40:22,600 --> 00:40:27,440
Speaker 16: energy sector itself are saying great, finally someone is doing something.

862
00:40:29,719 --> 00:40:32,359
Speaker 3: You keep changing the subject. Are you how sure you are?

863
00:40:32,360 --> 00:40:34,960
Speaker 3: Because I'm asking you a question, How sure are you

864
00:40:35,080 --> 00:40:37,000
Speaker 3: that you have the continued support of the Act Party.

865
00:40:37,760 --> 00:40:40,520
Speaker 16: We have the support of cabinet. They endorse this. They

866
00:40:40,560 --> 00:40:43,840
Speaker 16: agree with you. The analysis, which is very simple. The

867
00:40:43,920 --> 00:40:46,799
Speaker 16: last government left us with not enough gas and we've

868
00:40:46,800 --> 00:40:49,120
Speaker 16: got to fix it or electricity prices are going only

869
00:40:49,120 --> 00:40:49,960
Speaker 16: one way and that's up.

870
00:40:50,040 --> 00:40:52,640
Speaker 3: Thank you, Nichola, as always appreciate talking to you. Nicola Willis,

871
00:40:52,640 --> 00:40:54,879
Speaker 3: Finance Minister. I'll come back to why I'm asking about

872
00:40:54,880 --> 00:40:58,239
Speaker 3: ACT in just a minute quarter past now. They say

873
00:40:58,280 --> 00:41:00,759
Speaker 3: in Spain rain falls mainly on the planes. Here in

874
00:41:00,800 --> 00:41:03,000
Speaker 3: New Zealand, though, rang just falls everywhere, doesn't it. We

875
00:41:03,000 --> 00:41:04,920
Speaker 3: have rain on all of the terrain. So with all

876
00:41:04,920 --> 00:41:08,239
Speaker 3: that rain, you'd want a pretty decent spouting system, wouldn't you. Well,

877
00:41:08,280 --> 00:41:11,080
Speaker 3: for over thirty years, Continuous Group have been making spouting

878
00:41:11,120 --> 00:41:14,040
Speaker 3: fascia and downpipes right here in New Zealand and made

879
00:41:14,040 --> 00:41:17,680
Speaker 3: specifically for the New Zealand conditions that the original Continuous

880
00:41:17,719 --> 00:41:19,920
Speaker 3: Spouting company that brought you the first spouting without all

881
00:41:19,960 --> 00:41:22,919
Speaker 3: those annoying joins and jeez it was popular and thanks

882
00:41:22,960 --> 00:41:26,240
Speaker 3: to Continuous Group, more than three hundred thousand Kiwi homes

883
00:41:26,280 --> 00:41:29,000
Speaker 3: now find rain way less of a pain. If you're

884
00:41:29,000 --> 00:41:32,120
Speaker 3: building a new home or your existing spouting just isn't

885
00:41:32,120 --> 00:41:34,279
Speaker 3: cutting it, I'd suggest that you give the good people

886
00:41:34,320 --> 00:41:37,640
Speaker 3: at Continuous Group of shout. They are available nationwide and

887
00:41:37,719 --> 00:41:41,239
Speaker 3: you can find your local continuous spouting specialist at continuous

888
00:41:41,480 --> 00:41:43,440
Speaker 3: dot co dot in z. Now don't let the rain

889
00:41:43,560 --> 00:41:47,160
Speaker 3: drive you insane. Get the original continuous spouting at your home.

890
00:41:47,239 --> 00:41:50,719
Speaker 3: Contact your local continuous group at continuous dot co dot

891
00:41:50,760 --> 00:41:53,680
Speaker 3: in z. That's continuous dot co dot.

892
00:41:53,640 --> 00:41:56,600
Speaker 2: Zgather du plusyellen.

893
00:41:56,280 --> 00:41:58,560
Speaker 3: Ah, eighteen past five here that we've just heard on

894
00:41:58,600 --> 00:42:01,200
Speaker 3: the news just fifteen minutes ago, power prices are about

895
00:42:01,200 --> 00:42:03,000
Speaker 3: to rise due to line charges. And on it goes.

896
00:42:03,040 --> 00:42:05,440
Speaker 3: This is exactly right. So power prices are going to

897
00:42:05,520 --> 00:42:07,480
Speaker 3: rise by I think was Consumer New Zealand was warning?

898
00:42:07,800 --> 00:42:10,080
Speaker 3: Was it five percent this year? And that is on

899
00:42:10,120 --> 00:42:12,239
Speaker 3: top of the twelve percent that we had last year,

900
00:42:12,320 --> 00:42:14,040
Speaker 3: So you can add that to I don't know about you,

901
00:42:14,080 --> 00:42:15,480
Speaker 3: but I've been looking at my power bill in the

902
00:42:15,560 --> 00:42:19,600
Speaker 3: last twelve months thinking, Oho, that's a high one. That

903
00:42:19,680 --> 00:42:22,760
Speaker 3: plus the rates, plus the insurance, and you really are struggling,

904
00:42:22,800 --> 00:42:26,200
Speaker 3: aren't you. Now we have got the coroner's findings, have

905
00:42:26,440 --> 00:42:28,279
Speaker 3: got we are we going to deal with No, I

906
00:42:28,280 --> 00:42:29,560
Speaker 3: don't think. I don't know. We can get the people

907
00:42:29,560 --> 00:42:31,160
Speaker 3: on the phone. Let me. This gives me an opportunity

908
00:42:31,200 --> 00:42:33,600
Speaker 3: to talk to you about the ACT party. Now I

909
00:42:33,600 --> 00:42:36,759
Speaker 3: have a question for you about act ocam is Act Action.

910
00:42:36,880 --> 00:42:39,160
Speaker 3: This is why I asked Nikola Willis this question, is

911
00:42:39,200 --> 00:42:42,200
Speaker 3: ACT actually going to support this lg Levy? Because it

912
00:42:42,840 --> 00:42:44,880
Speaker 3: occurs to me that this is the very opposite of

913
00:42:44,920 --> 00:42:48,000
Speaker 3: what the ACT party should be doing. They are, after all,

914
00:42:48,080 --> 00:42:51,320
Speaker 3: the Association of Consumers and Taxpayers, and the whole point

915
00:42:51,480 --> 00:42:54,360
Speaker 3: of the Association of Consumers and tax Payers is to

916
00:42:54,600 --> 00:42:57,960
Speaker 3: advocate for taxpayers right to reduce taxes and not increase taxes.

917
00:42:57,960 --> 00:43:00,680
Speaker 3: Now cast your mind back to the twenty twenty three election.

918
00:43:01,120 --> 00:43:04,000
Speaker 3: They campaigned on repealing the thirty nine percent tax bracket.

919
00:43:04,080 --> 00:43:06,200
Speaker 3: Have they repealed the thirty nine percent tax bracket? No,

920
00:43:06,239 --> 00:43:08,480
Speaker 3: they haven't. It is still there. And what they're doing

921
00:43:08,520 --> 00:43:11,080
Speaker 3: now as they're supporting a new tax by the looks

922
00:43:11,120 --> 00:43:13,479
Speaker 3: of things now, I don't reckon i'd make a bet

923
00:43:14,239 --> 00:43:17,200
Speaker 3: just yet about this. I wouldn't call it just yet,

924
00:43:17,200 --> 00:43:20,760
Speaker 3: but I reckon ACT should be very seriously thinking about

925
00:43:20,800 --> 00:43:23,800
Speaker 3: pulling their support for this and doing the old agreed

926
00:43:23,840 --> 00:43:25,880
Speaker 3: to disagree thing that the New Zealand First Party does

927
00:43:25,920 --> 00:43:27,600
Speaker 3: all the time if they want to avoid the voter

928
00:43:27,680 --> 00:43:30,360
Speaker 3: regret amongst some of their supporters that I suspect are

929
00:43:30,400 --> 00:43:33,480
Speaker 3: starting to creep in. Let's see how that goes five twenty.

930
00:43:33,719 --> 00:43:35,960
Speaker 2: Together do for sea Allen Right, we've got.

931
00:43:35,800 --> 00:43:38,480
Speaker 3: The coroner's findings following the death of Malachi Shubash at

932
00:43:38,480 --> 00:43:40,719
Speaker 3: the hands of his caregiver in twenty twenty one. One

933
00:43:40,719 --> 00:43:44,040
Speaker 3: of the recommendations is that authorities run a public awareness

934
00:43:44,080 --> 00:43:46,879
Speaker 3: campaign to help us all spot the signs of child

935
00:43:46,920 --> 00:43:49,960
Speaker 3: abuse Safeguarding children. Chief Executive Willow Duffy is with us

936
00:43:50,000 --> 00:43:54,120
Speaker 3: h Willow, is that actually what we need a campaign?

937
00:43:56,200 --> 00:43:59,360
Speaker 17: I think there is. I think a very well designed

938
00:43:59,400 --> 00:44:02,880
Speaker 17: public health campaign would be excellent, but it cannot just

939
00:44:02,960 --> 00:44:06,080
Speaker 17: be done on its own. It needs to be supported

940
00:44:06,160 --> 00:44:09,560
Speaker 17: by many other factors that we know work to make

941
00:44:09,680 --> 00:44:11,680
Speaker 17: a public health campaign successful.

942
00:44:12,200 --> 00:44:15,200
Speaker 3: But surely a public health campaign would only work if

943
00:44:15,200 --> 00:44:17,080
Speaker 3: we actually don't know what child abuse looks like. Are

944
00:44:17,080 --> 00:44:18,759
Speaker 3: there people in this country who don't know what it

945
00:44:18,760 --> 00:44:19,160
Speaker 3: looks like?

946
00:44:20,600 --> 00:44:22,480
Speaker 17: I think there are people in this country that do

947
00:44:22,520 --> 00:44:26,560
Speaker 17: struggle what child abuse looks like. For a variety of reasons.

948
00:44:27,520 --> 00:44:31,840
Speaker 17: Members of the public sometimes don't understand what abuse looks like,

949
00:44:31,960 --> 00:44:36,680
Speaker 17: particularly if their own child experiences. And then of course

950
00:44:36,719 --> 00:44:39,800
Speaker 17: we have people who are in front lane roles working

951
00:44:39,840 --> 00:44:43,759
Speaker 17: with children that also struggle to identify what abuse looks like.

952
00:44:43,840 --> 00:44:47,360
Speaker 17: And I think when I read the coroner's report into

953
00:44:47,520 --> 00:44:52,080
Speaker 17: Malachi's case today, that was very evident that people struggle

954
00:44:52,160 --> 00:44:55,640
Speaker 17: to actually identified what abuse looks like in a situation

955
00:44:55,920 --> 00:44:58,520
Speaker 17: that you would imagine it was clearly obvious.

956
00:44:58,880 --> 00:45:00,880
Speaker 3: Is this a when you're talking the people who failed

957
00:45:00,880 --> 00:45:02,920
Speaker 3: to identify it? Are you talking about the people who

958
00:45:03,000 --> 00:45:06,439
Speaker 3: are at Ungotamitiki who were warned about it multiple times?

959
00:45:07,400 --> 00:45:10,680
Speaker 17: I think both when I look at when I've read

960
00:45:10,680 --> 00:45:14,520
Speaker 17: the case. For example, I don't think anybody should be

961
00:45:14,560 --> 00:45:17,440
Speaker 17: making a decision about whether a child has got an

962
00:45:17,440 --> 00:45:21,080
Speaker 17: injury based on a grainy photograph on an iPhone, And

963
00:45:21,080 --> 00:45:24,520
Speaker 17: I know for definite people like doctor Patrick Flee would

964
00:45:24,560 --> 00:45:28,400
Speaker 17: absolutely say the same. So to me, the training would

965
00:45:28,400 --> 00:45:30,759
Speaker 17: be about the fact, what do you do in that situation?

966
00:45:31,280 --> 00:45:34,880
Speaker 17: You call somebody, or you get somebody to examine the

967
00:45:34,960 --> 00:45:38,719
Speaker 17: child that really understands what child abuse looks like, or

968
00:45:38,760 --> 00:45:40,839
Speaker 17: you get in the car and you go and look

969
00:45:40,880 --> 00:45:45,040
Speaker 17: at the child yourself, and you've had training, hopefully to

970
00:45:45,160 --> 00:45:48,319
Speaker 17: identify what abuse looks like, and then you know what

971
00:45:48,480 --> 00:45:52,800
Speaker 17: to do, which in that situation you know it should

972
00:45:52,840 --> 00:45:57,040
Speaker 17: To me, have been that a pediatrician examined Malachi to

973
00:45:57,320 --> 00:46:01,080
Speaker 17: ascertain whether or not that was injury. He was in

974
00:46:01,200 --> 00:46:04,640
Speaker 17: an injury on whether it was actually potentially child abuse.

975
00:46:04,960 --> 00:46:06,560
Speaker 3: Well, thanks very much for your time. Mate. There's Willow

976
00:46:06,600 --> 00:46:08,960
Speaker 3: Duffy Safeguarding Children CEO of five twenty two.

977
00:46:09,560 --> 00:46:13,440
Speaker 1: Digging deeper into the day's headlines, it's Heather Duper Clan

978
00:46:13,560 --> 00:46:16,200
Speaker 1: Drive with one New Zealand coverage.

979
00:46:16,239 --> 00:46:18,000
Speaker 2: Like no one else news talks.

980
00:46:18,000 --> 00:46:21,680
Speaker 3: They'd be Erica Stanford on the Teaching Council with us

981
00:46:21,680 --> 00:46:24,600
Speaker 3: after half past five right now it's twenty five past five. Now,

982
00:46:24,920 --> 00:46:26,960
Speaker 3: I reckon the government made the right move winding up

983
00:46:27,000 --> 00:46:30,279
Speaker 3: Sunny Koshel's Retail Crime Advisory Group yesterday because that was

984
00:46:30,320 --> 00:46:32,080
Speaker 3: just going to keep on giving them grief, wasn't it.

985
00:46:32,440 --> 00:46:34,640
Speaker 3: I'll tell you the mistake the government made with Sonny.

986
00:46:34,960 --> 00:46:37,480
Speaker 3: The mistake wasn't they got that they got him involved.

987
00:46:37,520 --> 00:46:40,440
Speaker 3: He was actually a very passionate advocate for dairies and frankly,

988
00:46:40,520 --> 00:46:42,640
Speaker 3: dairies needed someone standing up for them in the wave

989
00:46:42,680 --> 00:46:45,360
Speaker 3: of crime that they've faced in recent years. He's passionate,

990
00:46:45,360 --> 00:46:47,759
Speaker 3: he's actually quite good at politics. He's the right kind

991
00:46:47,760 --> 00:46:50,319
Speaker 3: of person to have pitching ideas at the government, and

992
00:46:50,440 --> 00:46:53,000
Speaker 3: some of the ideas I actually don't think are half bad.

993
00:46:53,360 --> 00:46:55,520
Speaker 3: I know, citizens arrest powers do not appeal to the

994
00:46:55,520 --> 00:46:57,680
Speaker 3: police and the bigger retailers because they've got deep enough

995
00:46:57,680 --> 00:47:00,360
Speaker 3: pockets to hire their own security. But for dear, I

996
00:47:00,400 --> 00:47:02,960
Speaker 3: think it is actually a very good idea. The problem

997
00:47:03,160 --> 00:47:06,200
Speaker 3: was that they should never have paid him for the advice,

998
00:47:06,560 --> 00:47:10,160
Speaker 3: because that has become the drip drip drip problem for them.

999
00:47:10,200 --> 00:47:12,600
Speaker 3: Every time he invoices for what seems to be almost

1000
00:47:12,640 --> 00:47:14,520
Speaker 3: every single day of the week that it could possibly work,

1001
00:47:14,520 --> 00:47:17,160
Speaker 3: including public holidays, Labor gets hold of it and puts

1002
00:47:17,160 --> 00:47:18,680
Speaker 3: it out into the media, and it's just a bad look,

1003
00:47:18,680 --> 00:47:20,560
Speaker 3: isn't it. They didn't have to employ him. This is

1004
00:47:20,600 --> 00:47:22,880
Speaker 3: the thing. Paul Goldsmith didn't have to employ him. He

1005
00:47:22,920 --> 00:47:26,040
Speaker 3: offered his ideas to Labor and presumably Paul Goldsmith for free,

1006
00:47:26,480 --> 00:47:28,960
Speaker 3: and frankly, I think just the flattery of being asked

1007
00:47:29,000 --> 00:47:32,720
Speaker 3: to design policy for a government is mostly sufficient payment

1008
00:47:32,719 --> 00:47:35,680
Speaker 3: for most people. I get why Paul Goldsmith did blow

1009
00:47:35,719 --> 00:47:38,400
Speaker 3: the taxpayer money on the group. Paying someone brings them

1010
00:47:38,440 --> 00:47:41,560
Speaker 3: inside the tent and more often than not shuts them

1011
00:47:41,600 --> 00:47:43,839
Speaker 3: up and shuts up any criticism that they may have,

1012
00:47:43,880 --> 00:47:45,840
Speaker 3: but this is a government I don't want to be

1013
00:47:45,840 --> 00:47:48,040
Speaker 3: a broken recorded as a government that has promised to

1014
00:47:48,080 --> 00:47:49,880
Speaker 3: be more careful with tax payer money than just in

1015
00:47:50,040 --> 00:47:53,040
Speaker 3: aardn in her lot. There's nothing less careful than paying

1016
00:47:53,080 --> 00:47:55,319
Speaker 3: for something that you could have got for free. Which

1017
00:47:55,360 --> 00:47:57,279
Speaker 3: is actually why they were right to break up the

1018
00:47:57,280 --> 00:47:59,440
Speaker 3: scrip because if they had him, there just would have

1019
00:47:59,480 --> 00:48:02,279
Speaker 3: been more in voices from Sonny Koschel, wouldn't there the

1020
00:48:02,480 --> 00:48:05,680
Speaker 3: duper c Allen seen the Super Bowl numbers. Super Bowl

1021
00:48:05,719 --> 00:48:08,640
Speaker 3: numbers have come in and it's another record. So the

1022
00:48:09,480 --> 00:48:13,360
Speaker 3: actual game attracted one hundred and twenty five million viewers worldwide.

1023
00:48:13,800 --> 00:48:17,160
Speaker 3: Bad Bunny attracted one hundred and twenty eight million viewers.

1024
00:48:17,280 --> 00:48:19,960
Speaker 3: I'd love to know what the crossover is between people

1025
00:48:20,280 --> 00:48:24,000
Speaker 3: who tuned in and Wentzille. Is that what he looks like.

1026
00:48:24,360 --> 00:48:26,080
Speaker 3: I don't know any of his songs. I feel like

1027
00:48:26,120 --> 00:48:28,480
Speaker 3: that's quite a big number, but then maybe just high

1028
00:48:28,760 --> 00:48:32,279
Speaker 3: high input from New Zealand into that number anyway does

1029
00:48:32,320 --> 00:48:35,839
Speaker 3: somewhat blow out of the wall to the turning point

1030
00:48:35,920 --> 00:48:38,200
Speaker 3: USA focus, which I haven't seen the updated numbers, but

1031
00:48:38,200 --> 00:48:40,560
Speaker 3: the last time I saw sitting around the twenty million numbers,

1032
00:48:40,560 --> 00:48:42,240
Speaker 3: you know, so one hundred and twenty eight million definitely

1033
00:48:42,280 --> 00:48:45,920
Speaker 3: beats twenty million. And what I will say is happy

1034
00:48:45,920 --> 00:48:47,840
Speaker 3: to have had my prediction proved right, which is that

1035
00:48:47,840 --> 00:48:51,279
Speaker 3: there are some things that are just able to you know,

1036
00:48:51,560 --> 00:48:54,600
Speaker 3: involve politics and stall withstand all of that, and the

1037
00:48:54,640 --> 00:48:56,359
Speaker 3: Super Bowl is one of them. Trump could not take

1038
00:48:56,400 --> 00:49:00,000
Speaker 3: it down. Bad Bunny survived Donald Trump. Erica Stanford is

1039
00:49:00,080 --> 00:49:01,080
Speaker 3: next news talk said.

1040
00:49:00,920 --> 00:49:06,160
Speaker 2: B are five known brown ive.

1041
00:49:07,840 --> 00:49:11,919
Speaker 1: The day's newspakers talked to Heather first, Heather Duplicy Ellen

1042
00:49:12,000 --> 00:49:15,320
Speaker 1: Drive with One New Zealand and the Power of Satellite

1043
00:49:15,320 --> 00:49:17,120
Speaker 1: Mobile News doorgs b.

1044
00:49:20,680 --> 00:49:23,520
Speaker 3: Was standing by god Jack Tayman, Morris Williamson this evening.

1045
00:49:23,600 --> 00:49:27,080
Speaker 3: Also the publisher of the Ron Brierley biography that doesn't

1046
00:49:27,080 --> 00:49:29,560
Speaker 3: mention anything about the old convictions is going to be

1047
00:49:29,680 --> 00:49:32,680
Speaker 3: us after six o'clock to explain why twenty four away

1048
00:49:32,680 --> 00:49:35,560
Speaker 3: from six now. The Teaching Council has been absolutely slammed

1049
00:49:36,000 --> 00:49:39,320
Speaker 3: by consultant Debbie Francis in an independent external review. The

1050
00:49:39,440 --> 00:49:41,680
Speaker 3: review was commissioned after news broke back in October that

1051
00:49:41,719 --> 00:49:45,480
Speaker 3: the Council had certified sexual predator Timmy Fisher back in

1052
00:49:45,520 --> 00:49:48,120
Speaker 3: twenty fifteen, despite a warning from police, he then went

1053
00:49:48,160 --> 00:49:50,160
Speaker 3: on to offend again and according to the review, the

1054
00:49:50,200 --> 00:49:53,600
Speaker 3: agency has lost focus on its core function of safeguarding children.

1055
00:49:53,960 --> 00:49:58,040
Speaker 3: Erica Stanford is the Education Minister High Erica, Hi, what

1056
00:49:58,040 --> 00:50:00,120
Speaker 3: does it mean if it's lost focus on its actual.

1057
00:50:01,840 --> 00:50:04,080
Speaker 19: Well, I think the findings of DeBie Francis were that

1058
00:50:04,160 --> 00:50:08,280
Speaker 19: it had become a very political organization and that viewed

1059
00:50:08,320 --> 00:50:10,839
Speaker 19: itself as more of a friend to the teacher and

1060
00:50:11,680 --> 00:50:14,239
Speaker 19: a body who was enhancing the profession, the status of

1061
00:50:14,280 --> 00:50:17,560
Speaker 19: the profession profession, rather than holding them to account and

1062
00:50:17,640 --> 00:50:21,040
Speaker 19: regulating them and viewing themselves as a child protection agency.

1063
00:50:21,080 --> 00:50:23,680
Speaker 19: And when those words were spoken to me before I'd

1064
00:50:23,719 --> 00:50:26,200
Speaker 19: read the report by the Public Service Commissioner who gave

1065
00:50:26,239 --> 00:50:29,160
Speaker 19: me an update, you know, it was like a keck

1066
00:50:29,200 --> 00:50:31,400
Speaker 19: in the guts. How could they not view themselves as

1067
00:50:31,400 --> 00:50:34,160
Speaker 19: a child protection agency? There are serious concerns here.

1068
00:50:34,719 --> 00:50:37,040
Speaker 3: Is this a case of them having an original kind

1069
00:50:37,080 --> 00:50:39,480
Speaker 3: of remit for their job but just going off on

1070
00:50:39,520 --> 00:50:41,919
Speaker 3: some random tangent that they've decided it was important for them.

1071
00:50:42,680 --> 00:50:44,439
Speaker 19: I think there's a few things. Yes, they have been

1072
00:50:44,440 --> 00:50:47,239
Speaker 19: diluted in their core focus, but I don't think that's

1073
00:50:47,280 --> 00:50:50,400
Speaker 19: to blame entirely, I think. If you read the report,

1074
00:50:50,440 --> 00:50:53,880
Speaker 19: it also states that the hiring decisions that were made

1075
00:50:54,000 --> 00:50:58,319
Speaker 19: were of people who rather than their capability, their experience,

1076
00:50:58,400 --> 00:51:03,799
Speaker 19: or their qualification in terms of being a regulator, they

1077
00:51:03,840 --> 00:51:06,759
Speaker 19: were hiring people who were similar to the chief executive,

1078
00:51:06,800 --> 00:51:09,799
Speaker 19: who were hired for their appliability rather than their capability.

1079
00:51:10,239 --> 00:51:13,480
Speaker 19: And so those two things together are a recipe for disaster.

1080
00:51:13,600 --> 00:51:15,879
Speaker 19: We think we're a friend to the profession, and we're

1081
00:51:15,880 --> 00:51:18,480
Speaker 19: not hiring people who are actually having the experience.

1082
00:51:18,719 --> 00:51:21,000
Speaker 3: What do you make exactly what? Yeah, what do you

1083
00:51:21,040 --> 00:51:22,600
Speaker 3: make of the fact that the CE didn't give an

1084
00:51:22,600 --> 00:51:23,640
Speaker 3: interview to the reviewer?

1085
00:51:25,600 --> 00:51:25,759
Speaker 16: Oh?

1086
00:51:25,800 --> 00:51:30,359
Speaker 19: Look, there are more reviews or reports that are due

1087
00:51:30,400 --> 00:51:32,560
Speaker 19: to come out into a range of things.

1088
00:51:32,920 --> 00:51:34,719
Speaker 3: Pretending to CE in particular.

1089
00:51:35,360 --> 00:51:37,600
Speaker 19: Yeah, look, nothing to do with me. Of course, these

1090
00:51:37,600 --> 00:51:39,279
Speaker 19: are things that have been ordered by the board or

1091
00:51:39,320 --> 00:51:41,920
Speaker 19: the Public Service Commission. So those will come out in

1092
00:51:41,960 --> 00:51:43,560
Speaker 19: the next more to come in the next week.

1093
00:51:43,640 --> 00:51:45,359
Speaker 3: Yes, okay, what's your plan here?

1094
00:51:47,120 --> 00:51:47,319
Speaker 6: Well?

1095
00:51:47,320 --> 00:51:49,600
Speaker 19: I already suspected that there were problems just from what

1096
00:51:49,640 --> 00:51:53,120
Speaker 19: I'd heard, and we already have switched the makeup of

1097
00:51:53,200 --> 00:51:57,920
Speaker 19: the board that governs this organization. To have more ministerial

1098
00:51:58,000 --> 00:51:59,920
Speaker 19: appointed people because a big part of the problem is

1099
00:52:00,160 --> 00:52:03,320
Speaker 19: people on the board did not have the capability and

1100
00:52:03,440 --> 00:52:07,200
Speaker 19: overseeing a regulat tree body. So I have got more

1101
00:52:07,200 --> 00:52:09,640
Speaker 19: ministerial appointments. Now I've got a new piece of legislation

1102
00:52:09,719 --> 00:52:12,160
Speaker 19: going through that will strip them of all of those

1103
00:52:12,600 --> 00:52:15,239
Speaker 19: periphery things that they've been tasked with doing by the

1104
00:52:15,239 --> 00:52:17,600
Speaker 19: previous government and just making them focus on their core

1105
00:52:17,719 --> 00:52:21,880
Speaker 19: duties of being a regulator. But in the light of

1106
00:52:21,920 --> 00:52:24,600
Speaker 19: this report that I got on Christmas Eve, I have

1107
00:52:24,719 --> 00:52:28,160
Speaker 19: now asked my officials to provide me more policy advice.

1108
00:52:28,760 --> 00:52:31,840
Speaker 19: And when I received that, I may well make some

1109
00:52:31,960 --> 00:52:35,000
Speaker 19: further decisions about about the organization.

1110
00:52:34,680 --> 00:52:36,279
Speaker 3: Because you don't have enough work at the moment.

1111
00:52:36,320 --> 00:52:41,520
Speaker 19: America, Oh look I can when it comes to protecting children.

1112
00:52:41,880 --> 00:52:43,960
Speaker 3: I will make more time good on here because your

1113
00:52:43,960 --> 00:52:45,799
Speaker 3: place is full. I would say, listen, thank you very

1114
00:52:45,880 --> 00:52:48,279
Speaker 3: much for your time. Appreciated. Go have a lovely afternoon, Erica,

1115
00:52:48,320 --> 00:52:52,319
Speaker 3: Stanford Education Minister twenty one away from six the huddle.

1116
00:52:52,040 --> 00:52:54,759
Speaker 1: With New Zealand South the Beast International Realty, a name

1117
00:52:54,840 --> 00:52:57,000
Speaker 1: you can trust locally and globally.

1118
00:52:57,120 --> 00:52:58,600
Speaker 3: On the huddle of this this evening we have Morris

1119
00:52:58,640 --> 00:53:01,399
Speaker 3: Williams and Auckland councilor Women National Party minister and Jack Tame,

1120
00:53:01,440 --> 00:53:04,160
Speaker 3: host of Saturday Mornings and Q and ahire you.

1121
00:53:04,080 --> 00:53:05,680
Speaker 8: Too, Hi Hanna.

1122
00:53:06,160 --> 00:53:06,359
Speaker 2: Right?

1123
00:53:06,440 --> 00:53:08,600
Speaker 3: So Morris, what should we talk about read the COVID

1124
00:53:08,640 --> 00:53:10,919
Speaker 3: inquiry and to the Reserve Bank? Should we talk about

1125
00:53:10,960 --> 00:53:12,920
Speaker 3: the substance of the thing or the timing of it?

1126
00:53:13,880 --> 00:53:14,040
Speaker 11: Oh?

1127
00:53:14,080 --> 00:53:16,840
Speaker 18: I think the timing is just shocking. I mean it

1128
00:53:16,880 --> 00:53:19,360
Speaker 18: would be like us having a hearing into the Tangy

1129
00:53:19,360 --> 00:53:22,279
Speaker 18: Why disaster of nineteen fifty two. You should be doing

1130
00:53:22,280 --> 00:53:24,960
Speaker 18: it straight after it happened, because then you genuinely were

1131
00:53:25,000 --> 00:53:28,839
Speaker 18: concerned and wanting to learn from it. I really disappointed

1132
00:53:28,840 --> 00:53:31,040
Speaker 18: in the timing of this. Why they've been in government

1133
00:53:31,120 --> 00:53:33,480
Speaker 18: over two years, two years, three months or something, and

1134
00:53:33,560 --> 00:53:35,080
Speaker 18: all of a sudden it's going to be coming up

1135
00:53:35,160 --> 00:53:36,840
Speaker 18: just as the election is underway.

1136
00:53:36,960 --> 00:53:39,759
Speaker 2: You think that's bad, I mean, that's really bad.

1137
00:53:39,800 --> 00:53:39,960
Speaker 20: It is.

1138
00:53:40,280 --> 00:53:42,480
Speaker 3: It is also possibly by design, you know, in order

1139
00:53:42,520 --> 00:53:44,160
Speaker 3: to kind of remind us of what happened just as

1140
00:53:44,160 --> 00:53:45,160
Speaker 3: we go to the election.

1141
00:53:45,920 --> 00:53:48,640
Speaker 18: But do you think anybody needs reminding about what bloody

1142
00:53:48,680 --> 00:53:49,680
Speaker 18: happened during the time?

1143
00:53:49,719 --> 00:53:52,120
Speaker 3: I mean, look at the polls. Shit, he's leading the NATS,

1144
00:53:52,200 --> 00:53:53,759
Speaker 3: so maybe we did well.

1145
00:53:53,800 --> 00:53:54,359
Speaker 18: Maybe you're right.

1146
00:53:54,360 --> 00:53:55,880
Speaker 2: Then maybe you're right Morris.

1147
00:53:56,000 --> 00:53:58,120
Speaker 3: Do you think that there's a missed opportunity if you

1148
00:53:58,200 --> 00:54:00,799
Speaker 3: lead quickly and or walk out the door and then

1149
00:54:00,840 --> 00:54:02,880
Speaker 3: you start running a review that doesn't compel them to

1150
00:54:02,880 --> 00:54:03,480
Speaker 3: give evidence.

1151
00:54:04,040 --> 00:54:07,600
Speaker 18: Yep, yep, no it It just doesn't feel right to me.

1152
00:54:07,640 --> 00:54:09,239
Speaker 18: This should have been done right at the very time

1153
00:54:09,320 --> 00:54:11,480
Speaker 18: they've been government of for three months and then had

1154
00:54:11,480 --> 00:54:13,960
Speaker 18: the inquiry back and two double oh beginning of two

1155
00:54:13,960 --> 00:54:15,359
Speaker 18: double oh twenty three four.

1156
00:54:15,600 --> 00:54:16,839
Speaker 3: Kind of agree, Jack, What do you think?

1157
00:54:17,480 --> 00:54:17,680
Speaker 2: Yeah?

1158
00:54:17,960 --> 00:54:18,760
Speaker 20: I totally agree.

1159
00:54:19,080 --> 00:54:22,960
Speaker 21: I mean I watched the comments today, maybe by the

1160
00:54:23,000 --> 00:54:24,960
Speaker 21: Prime Minister when he was asked why.

1161
00:54:24,719 --> 00:54:27,480
Speaker 20: Now, and he gave it, gave a kind of reasoning.

1162
00:54:27,160 --> 00:54:29,359
Speaker 21: About it some treatory data or a report coming out

1163
00:54:29,400 --> 00:54:32,480
Speaker 21: of last year that they are acting on and deciding

1164
00:54:32,520 --> 00:54:35,080
Speaker 21: that that's the emphasis they need to launch this inquiry.

1165
00:54:35,360 --> 00:54:38,000
Speaker 21: I think it's very hard at the moment to look

1166
00:54:38,040 --> 00:54:40,879
Speaker 21: at the timing of this without being extremely cynical. That's

1167
00:54:40,880 --> 00:54:42,960
Speaker 21: not to say there shouldn't be an inquiry, but I

1168
00:54:43,040 --> 00:54:45,120
Speaker 21: totally agree the time to do it, the time to

1169
00:54:45,200 --> 00:54:47,600
Speaker 21: launch it, I think was as soon.

1170
00:54:47,440 --> 00:54:49,680
Speaker 20: As they came into government, or preferably when the when

1171
00:54:49,719 --> 00:54:50,520
Speaker 20: the previous.

1172
00:54:50,200 --> 00:54:53,319
Speaker 21: Government was in place. And you know, when it comes

1173
00:54:53,400 --> 00:54:55,680
Speaker 21: to the likes of Adrian or like, I'm still really

1174
00:54:55,719 --> 00:54:59,280
Speaker 21: frustrated that someone who had a position of that power,

1175
00:55:00,560 --> 00:55:03,720
Speaker 21: who was, you know, arguably the most powerful public servant

1176
00:55:03,760 --> 00:55:07,080
Speaker 21: in the country, ultimately left office and never gave a

1177
00:55:07,080 --> 00:55:09,440
Speaker 21: good explanation. From his perspective, Wine.

1178
00:55:09,200 --> 00:55:10,520
Speaker 20: Never did, never did an interviews.

1179
00:55:10,560 --> 00:55:13,080
Speaker 21: As far as I'm concerned, you are accountable to the public,

1180
00:55:13,080 --> 00:55:14,040
Speaker 21: you should be fronting.

1181
00:55:15,560 --> 00:55:17,600
Speaker 3: Totally. I totally agree with you. We're all at risk

1182
00:55:17,600 --> 00:55:20,040
Speaker 3: of agreeing too much here. But but Jack, is that

1183
00:55:20,120 --> 00:55:22,560
Speaker 3: not part of the reason why, even though it is

1184
00:55:22,600 --> 00:55:25,680
Speaker 3: so unbelievably late and the timing is so cynical, why

1185
00:55:25,719 --> 00:55:28,799
Speaker 3: this is still important to hopefully hold into account for

1186
00:55:28,840 --> 00:55:29,279
Speaker 3: what he did.

1187
00:55:30,760 --> 00:55:31,000
Speaker 2: Well.

1188
00:55:31,239 --> 00:55:34,120
Speaker 21: It isn't necessarily just Adriana War. I mean, I think

1189
00:55:35,200 --> 00:55:38,480
Speaker 21: the argument that the Reserve Bank would give is that

1190
00:55:38,600 --> 00:55:41,200
Speaker 21: they made the best decisions at the time with the

1191
00:55:41,239 --> 00:55:43,440
Speaker 21: information they had available at the time, and that's well

1192
00:55:43,480 --> 00:55:46,520
Speaker 21: and good. They should be in a position where they

1193
00:55:46,520 --> 00:55:50,480
Speaker 21: can stand by that. But yeah, I think it's perfectly

1194
00:55:50,520 --> 00:55:52,680
Speaker 21: reasonable to have an inquiry. I think it's a.

1195
00:55:52,640 --> 00:55:53,800
Speaker 20: Good idea to have an inquiry.

1196
00:55:53,840 --> 00:55:56,640
Speaker 21: It's a good idea to interrogate the decisions that were

1197
00:55:56,640 --> 00:55:59,480
Speaker 21: made in that time of great uncertainty. Let us not

1198
00:55:59,520 --> 00:55:59,880
Speaker 21: forget that.

1199
00:56:00,600 --> 00:56:03,520
Speaker 20: But the time did it was two years ago?

1200
00:56:04,080 --> 00:56:07,680
Speaker 18: Correct? Or straight after the seventh of November?

1201
00:56:09,080 --> 00:56:10,880
Speaker 3: What was it? What happened on the seventh of November?

1202
00:56:11,400 --> 00:56:11,560
Speaker 6: Oh?

1203
00:56:11,600 --> 00:56:12,040
Speaker 3: The election?

1204
00:56:13,640 --> 00:56:14,879
Speaker 8: Already?

1205
00:56:15,080 --> 00:56:15,360
Speaker 6: Lord?

1206
00:56:15,480 --> 00:56:18,120
Speaker 3: You know No, It's okay, baby brain. Jack knows what

1207
00:56:18,120 --> 00:56:21,000
Speaker 3: I'm talking about now, Morris, What about this business of

1208
00:56:21,040 --> 00:56:24,160
Speaker 3: Winnie Peace going over to the Middle East in order

1209
00:56:24,200 --> 00:56:26,359
Speaker 3: to see the boxing back. How do you feel about?

1210
00:56:26,360 --> 00:56:28,000
Speaker 18: Well that this is something I think Jack and I

1211
00:56:28,080 --> 00:56:30,239
Speaker 18: will part company on. I thought that was a hit

1212
00:56:30,320 --> 00:56:32,640
Speaker 18: piece of the very worst order from TV and Z

1213
00:56:32,840 --> 00:56:35,880
Speaker 18: last night. Let me tell you I've worked for foreign affairs.

1214
00:56:35,920 --> 00:56:38,960
Speaker 18: I've been a diplomat overseas. The most important thing you

1215
00:56:39,000 --> 00:56:41,080
Speaker 18: can do with a visit to another country, no matter

1216
00:56:41,120 --> 00:56:43,279
Speaker 18: where it is, is see if you can align it

1217
00:56:43,320 --> 00:56:45,880
Speaker 18: with a major event where New Zealand's are participant in

1218
00:56:46,000 --> 00:56:49,000
Speaker 18: going to be sent to stage. The Joseph Parker fight

1219
00:56:49,400 --> 00:56:52,239
Speaker 18: in Saudi Arabia is a major, major event where it

1220
00:56:52,280 --> 00:56:54,560
Speaker 18: had some of the most important sheikhs of the whole

1221
00:56:54,600 --> 00:56:58,000
Speaker 18: country there to align yourself of being there, to use

1222
00:56:58,040 --> 00:57:00,399
Speaker 18: the New Zealand brand, to have Joseph part of being

1223
00:57:00,440 --> 00:57:03,400
Speaker 18: friends with Winston is important. Now are you going to

1224
00:57:03,440 --> 00:57:06,120
Speaker 18: say Saudi Arabia is not important. It's a major player

1225
00:57:06,120 --> 00:57:09,080
Speaker 18: in the world right now. It's holding the talks for

1226
00:57:09,360 --> 00:57:11,880
Speaker 18: the Russian the Ukraine, talks with America and so on.

1227
00:57:12,480 --> 00:57:15,439
Speaker 18: I think that if any foreign minister didn't say, what's

1228
00:57:15,440 --> 00:57:17,160
Speaker 18: a good time, we need to be there. We need

1229
00:57:17,200 --> 00:57:19,960
Speaker 18: to show our credentials work with the UA next door

1230
00:57:20,000 --> 00:57:22,960
Speaker 18: as well. Look, there's something coming at the big horse

1231
00:57:23,040 --> 00:57:25,480
Speaker 18: racing was another one. I think the Saudi Arabia Cup

1232
00:57:25,600 --> 00:57:28,600
Speaker 18: or the Saudi Cup is the most valuable horse race

1233
00:57:28,680 --> 00:57:31,280
Speaker 18: in the world ever, and we've got a champion New

1234
00:57:31,360 --> 00:57:34,200
Speaker 18: Zealand jockey riding in it, and so on. Look, if

1235
00:57:34,240 --> 00:57:36,480
Speaker 18: Winston Peters hadn't said, right, let's try and get the

1236
00:57:36,520 --> 00:57:38,439
Speaker 18: timing of one of those trips of the Middle East

1237
00:57:38,760 --> 00:57:41,800
Speaker 18: centered around a major series of New Zealand events, the

1238
00:57:41,840 --> 00:57:44,880
Speaker 18: bloodstock industry will benefit the look I.

1239
00:57:44,840 --> 00:57:45,880
Speaker 2: Could go on for half an hour.

1240
00:57:46,320 --> 00:57:48,240
Speaker 18: I think to make that, to make that into a

1241
00:57:48,280 --> 00:57:50,200
Speaker 18: bad story, it was evil that he'd done. It is

1242
00:57:50,360 --> 00:57:51,080
Speaker 18: just disgraceful.

1243
00:57:51,080 --> 00:57:52,920
Speaker 3: All right, Jack, I want to see if you do

1244
00:57:53,000 --> 00:57:54,440
Speaker 3: part company on this. So I come to your next

1245
00:57:54,480 --> 00:57:55,760
Speaker 3: sixteen away from fourth.

1246
00:57:56,480 --> 00:58:00,280
Speaker 1: The Huddle with New Zealand Southeby's International Realty, the only

1247
00:58:00,360 --> 00:58:01,600
Speaker 1: truly global brand.

1248
00:58:01,680 --> 00:58:03,480
Speaker 3: Right, we're back with the Huddle, Morris Williamson and Jack

1249
00:58:03,560 --> 00:58:05,800
Speaker 3: Tame Jack. So what is your thought on when he

1250
00:58:05,880 --> 00:58:06,640
Speaker 3: going to the boxing?

1251
00:58:08,080 --> 00:58:11,480
Speaker 21: I think it was a good move. I would have

1252
00:58:11,480 --> 00:58:14,280
Speaker 21: actually been surprised for an event of that magnitude in

1253
00:58:14,320 --> 00:58:16,800
Speaker 21: that part of the world if there was not a

1254
00:58:16,920 --> 00:58:19,840
Speaker 21: senior representative of the New Zealand government or foreign affairs

1255
00:58:19,880 --> 00:58:24,560
Speaker 21: who was in attendance. So I had absolutely no problem

1256
00:58:24,600 --> 00:58:27,280
Speaker 21: with him being there whatsoever. When it comes to being

1257
00:58:27,320 --> 00:58:30,840
Speaker 21: at horse races, as Morris points out, this isn't just

1258
00:58:30,920 --> 00:58:33,640
Speaker 21: any old race, and to be perfectly honest, you'd be

1259
00:58:33,640 --> 00:58:36,520
Speaker 21: hard pressed to find a minister who was able to

1260
00:58:36,640 --> 00:58:39,600
Speaker 21: talk the talk and schmooz the schmoos better than Winston

1261
00:58:39,640 --> 00:58:43,080
Speaker 21: Peters at an event of that nature. So I think

1262
00:58:43,120 --> 00:58:46,000
Speaker 21: I think it's totally reasonable. And for whatever criticisms people

1263
00:58:46,040 --> 00:58:48,880
Speaker 21: have of Winston Peters, I don't think you can look

1264
00:58:49,280 --> 00:58:52,240
Speaker 21: at his calendar from the last two years and say

1265
00:58:52,280 --> 00:58:54,960
Speaker 21: he hasn't made a massive effort when it comes to

1266
00:58:55,080 --> 00:58:57,760
Speaker 21: getting out on the world stage and representing New Zealand.

1267
00:58:57,800 --> 00:59:01,080
Speaker 21: He has been everywhere. He's been traveling constantly, and I

1268
00:59:01,120 --> 00:59:03,320
Speaker 21: think anything like a Joseph Parker fight with his an

1269
00:59:03,320 --> 00:59:07,000
Speaker 21: opportunity to benefit brand New Zealand. It's good to see

1270
00:59:07,000 --> 00:59:08,160
Speaker 21: the foreign minister there too.

1271
00:59:08,480 --> 00:59:08,880
Speaker 8: Stair here.

1272
00:59:09,600 --> 00:59:11,360
Speaker 18: I want to say something. I'll step out of line here.

1273
00:59:11,440 --> 00:59:13,760
Speaker 18: I can tell you that being a national MP for

1274
00:59:13,800 --> 00:59:16,520
Speaker 18: thirty years and so on, normally don't say good things

1275
00:59:16,560 --> 00:59:19,480
Speaker 18: about other political parties. But I can tell you Winston

1276
00:59:19,520 --> 00:59:22,280
Speaker 18: Peters is by far the best foreign affairs minister this

1277
00:59:22,360 --> 00:59:26,280
Speaker 18: country has had for decades, easily for decades, and he

1278
00:59:26,400 --> 00:59:29,520
Speaker 18: is so well respected because I was mixing with diplomatic

1279
00:59:29,520 --> 00:59:32,680
Speaker 18: corps in Washington, DC and elsewhere, and the number of

1280
00:59:32,680 --> 00:59:35,640
Speaker 18: people that would just voluntarily say, Jesus, you have got

1281
00:59:35,680 --> 00:59:40,280
Speaker 18: the most amazing. He is diplomatic, he's charming, he's engaging,

1282
00:59:40,280 --> 00:59:42,479
Speaker 18: but he already has an idea about what he's trying

1283
00:59:42,480 --> 00:59:45,200
Speaker 18: to achieve in the meetings and gets there. So we're

1284
00:59:45,280 --> 00:59:46,040
Speaker 18: lucky to have him.

1285
00:59:46,240 --> 00:59:48,880
Speaker 3: Yep. I actually agree with you totally on Matt, Now,

1286
00:59:49,160 --> 00:59:51,720
Speaker 3: do we need jack a campaign, a public campaign to

1287
00:59:51,720 --> 00:59:53,040
Speaker 3: tell us what child abuse looks like?

1288
00:59:54,880 --> 00:59:58,080
Speaker 21: No, I mean I would just find it stunning if

1289
00:59:58,120 --> 01:00:01,960
Speaker 21: we do. But looking at the report today, I mean,

1290
01:00:02,520 --> 01:00:03,840
Speaker 21: I'm sure you get the same thing.

1291
01:00:03,760 --> 01:00:04,080
Speaker 8: That I have.

1292
01:00:04,200 --> 01:00:06,440
Speaker 21: Heither, I like, I find the details of it all

1293
01:00:06,520 --> 01:00:08,880
Speaker 21: just appalling. But it's a systemic failure, A like, there

1294
01:00:08,880 --> 01:00:12,920
Speaker 21: are just so many opportunities to intervene and do better by,

1295
01:00:13,640 --> 01:00:16,080
Speaker 21: you know, by a five year old and pretty be

1296
01:00:16,160 --> 01:00:19,560
Speaker 21: vulnerable child, and yet the system fails. So even though

1297
01:00:19,680 --> 01:00:21,360
Speaker 21: things to me, it would be pretty obvious that we

1298
01:00:21,400 --> 01:00:24,919
Speaker 21: wouldn't need a campaign to let us know what child

1299
01:00:24,920 --> 01:00:27,240
Speaker 21: abase looks like. And I don't know, maybe there's a

1300
01:00:27,240 --> 01:00:29,720
Speaker 21: part of New Zealand I just don't understand, mate.

1301
01:00:30,120 --> 01:00:32,840
Speaker 3: I feel as if the problem, Morris, is that Uranga

1302
01:00:32,880 --> 01:00:35,920
Speaker 3: Tamariki is I don't know, maybe inured to what they're seeing,

1303
01:00:35,920 --> 01:00:37,600
Speaker 3: so they see the child abuse and they're not shocked

1304
01:00:37,600 --> 01:00:39,400
Speaker 3: by it anymore. Is that possibly the problem?

1305
01:00:40,600 --> 01:00:44,080
Speaker 18: Look, it's just impossible to understand how this can keep happening.

1306
01:00:44,640 --> 01:00:47,760
Speaker 18: Any any management structure of that place has got to

1307
01:00:47,800 --> 01:00:51,280
Speaker 18: put targets and hold to account and have processes and

1308
01:00:51,360 --> 01:00:54,480
Speaker 18: regimes in place that says we do regular checks, we

1309
01:00:54,560 --> 01:00:56,880
Speaker 18: don't do this, we don't farm children out to people

1310
01:00:56,880 --> 01:00:59,440
Speaker 18: that haven't got proper credentials and so on. We just

1311
01:00:59,480 --> 01:01:02,200
Speaker 18: hear it after day. I mean, it's a plethora of

1312
01:01:02,640 --> 01:01:06,320
Speaker 18: stories of kids being abused and it's a ghastly story.

1313
01:01:06,360 --> 01:01:11,120
Speaker 18: This Malachi story is just shocking. And I don't understand.

1314
01:01:11,200 --> 01:01:13,120
Speaker 18: I mean, if you were running a business and one

1315
01:01:13,120 --> 01:01:15,960
Speaker 18: of your branches was running so badly with the product

1316
01:01:16,040 --> 01:01:18,360
Speaker 18: sales and so on, you just close them down and

1317
01:01:18,760 --> 01:01:21,600
Speaker 18: take them over with a new operation. And I don't know,

1318
01:01:21,640 --> 01:01:23,720
Speaker 18: but I rang a Tamariki's supposed to be getting on

1319
01:01:23,720 --> 01:01:25,560
Speaker 18: top of all this. I don't see it because of

1320
01:01:25,600 --> 01:01:27,640
Speaker 18: the stories that keep O carrying in the media daily.

1321
01:01:27,840 --> 01:01:32,000
Speaker 3: Yeah, I'm starting to lose heart. Actually, now have you

1322
01:01:32,000 --> 01:01:32,960
Speaker 3: read Jack? Have you read it?

1323
01:01:33,000 --> 01:01:33,120
Speaker 6: Now?

1324
01:01:33,280 --> 01:01:35,600
Speaker 3: I know you love the South American trips, right, So

1325
01:01:35,640 --> 01:01:39,240
Speaker 3: if anybody has tried what Jesse Mulligan is trying to

1326
01:01:39,240 --> 01:01:40,720
Speaker 3: get us all to try and viva today, which is

1327
01:01:40,720 --> 01:01:41,800
Speaker 3: a mitchur llada, it'll be you.

1328
01:01:43,920 --> 01:01:44,720
Speaker 21: Yeah, it's Alsia.

1329
01:01:45,680 --> 01:01:47,840
Speaker 3: It's the beer or the beer with the tomato sauce,

1330
01:01:47,880 --> 01:01:48,560
Speaker 3: tomato juice.

1331
01:01:48,600 --> 01:01:49,920
Speaker 21: Yeah, yeah, yeah, yeah, yeah, and you can have a

1332
01:01:49,960 --> 01:01:52,040
Speaker 21: little bit of chili in there as well, a little

1333
01:01:52,040 --> 01:01:54,520
Speaker 21: bit of salt on the rim if you like. Very refreshing.

1334
01:01:54,720 --> 01:01:55,960
Speaker 20: Like don't knock at who you've tried it.

1335
01:01:56,040 --> 01:01:58,440
Speaker 3: No, I'm not knocking at all. I'm keen. It's just

1336
01:01:58,520 --> 01:02:01,240
Speaker 3: it's only ten to six. I can't and I'm still working.

1337
01:02:02,080 --> 01:02:02,720
Speaker 2: But what's the.

1338
01:02:02,640 --> 01:02:05,160
Speaker 3: Difference, like where would you how would you split your

1339
01:02:05,360 --> 01:02:08,480
Speaker 3: choice between a mitture Lada and a bloody Mary? When

1340
01:02:08,480 --> 01:02:10,120
Speaker 3: would you go for the bloody Mary over the beer

1341
01:02:10,120 --> 01:02:11,160
Speaker 3: with a tomato juice?

1342
01:02:12,320 --> 01:02:14,919
Speaker 21: I feel like you don't. Maybe do you have beer

1343
01:02:14,960 --> 01:02:17,200
Speaker 21: at breakfast? Because that's the thing, right, Maybe it's like

1344
01:02:17,240 --> 01:02:21,280
Speaker 21: a maybe it's maybe it's bloody Mary's until until eleven am.

1345
01:02:21,320 --> 01:02:23,360
Speaker 21: And if you're that way incline, you moved to the mitilla.

1346
01:02:23,520 --> 01:02:25,280
Speaker 21: I feel like a meteor lad is good in the sun,

1347
01:02:25,680 --> 01:02:28,760
Speaker 21: you know, where as a whereas a bloody Mary is

1348
01:02:28,880 --> 01:02:31,600
Speaker 21: you know, maybe best enjoyed over a long beakfast.

1349
01:02:31,240 --> 01:02:34,320
Speaker 3: Funt Okay, Morris, have you have you tried this out?

1350
01:02:34,800 --> 01:02:37,240
Speaker 18: No, you're talking a foreign language. I have no idea

1351
01:02:37,240 --> 01:02:39,280
Speaker 18: what we're talking about, but.

1352
01:02:39,240 --> 01:02:41,560
Speaker 3: I just explained it. It's like a beer with but

1353
01:02:41,600 --> 01:02:42,240
Speaker 3: I don't even.

1354
01:02:42,120 --> 01:02:44,480
Speaker 18: Know, well less like putting pineapple and a pizza from me,

1355
01:02:45,760 --> 01:02:47,480
Speaker 18: putting tomato tomatoes.

1356
01:02:47,600 --> 01:02:48,560
Speaker 3: Hard no from you?

1357
01:02:49,280 --> 01:02:51,040
Speaker 18: Yeah, yeah, no, I don't. I don't.

1358
01:02:51,080 --> 01:02:51,200
Speaker 11: Well.

1359
01:02:52,520 --> 01:02:54,800
Speaker 18: Maybe maybe if I was at a function with all

1360
01:02:55,240 --> 01:02:58,040
Speaker 18: the hoypolloy that you all attend instead of sitting a pie,

1361
01:02:58,440 --> 01:03:00,760
Speaker 18: I might have them. But do you We're lucky to

1362
01:03:00,800 --> 01:03:03,360
Speaker 18: get sort of plain old cheese and tomato pizza here.

1363
01:03:05,240 --> 01:03:07,960
Speaker 21: What was it that you were asking him, Jack, if

1364
01:03:07,960 --> 01:03:11,600
Speaker 21: he tried to gasparta you know, like a chill tomato soup.

1365
01:03:11,640 --> 01:03:15,000
Speaker 21: You know how it's surprisingly refreshing. I feel like almost

1366
01:03:15,040 --> 01:03:17,960
Speaker 21: fits into that category with the first time you try it,

1367
01:03:18,000 --> 01:03:20,640
Speaker 21: you're like, oh, okay, I didn't think this was going

1368
01:03:20,680 --> 01:03:22,560
Speaker 21: to work, but actually the some of the things parts

1369
01:03:22,560 --> 01:03:23,240
Speaker 21: are fantastic.

1370
01:03:23,360 --> 01:03:24,800
Speaker 3: We go, So this is what we're going to do, Morris.

1371
01:03:24,840 --> 01:03:26,040
Speaker 3: I'm going to take you out on a date one

1372
01:03:26,080 --> 01:03:27,800
Speaker 3: day to say thank you for all the wonderful huddles,

1373
01:03:27,800 --> 01:03:29,360
Speaker 3: and I'm just going to buy you a constant stream

1374
01:03:29,400 --> 01:03:31,320
Speaker 3: of Mitchellada's. Guys, it's good to talk to you. Thank

1375
01:03:31,360 --> 01:03:33,440
Speaker 3: you so much. Morris Williamson and Jack tamer huddle this

1376
01:03:33,480 --> 01:03:34,880
Speaker 3: evening seven away from six.

1377
01:03:36,040 --> 01:03:39,480
Speaker 1: It's the Heather Duplessy Allen Drive Full Show podcast on

1378
01:03:39,720 --> 01:03:43,760
Speaker 1: my Art Radio powered by News Talk ZBIYAH.

1379
01:03:43,760 --> 01:03:45,760
Speaker 3: They're going back to Nickola Willis. I can't actually believe

1380
01:03:45,800 --> 01:03:48,320
Speaker 3: that she's serious in her thinking that one pill power

1381
01:03:48,360 --> 01:03:50,480
Speaker 3: bills will come down by fifty dollars on average, and

1382
01:03:50,480 --> 01:03:52,600
Speaker 3: two that the power companies won't pass on the costs

1383
01:03:52,640 --> 01:03:54,720
Speaker 3: of the levey. She's living in a different, very different

1384
01:03:54,720 --> 01:03:57,400
Speaker 3: world than the rest of us right now, which it's

1385
01:03:57,440 --> 01:04:00,880
Speaker 3: not the reality the real world. Nothing ever comes down.

1386
01:04:00,920 --> 01:04:04,360
Speaker 3: Everything just goes up, isn't it read that aling business? Though,

1387
01:04:04,400 --> 01:04:07,080
Speaker 3: of course, be interesting to see how things have impacted

1388
01:04:07,120 --> 01:04:09,120
Speaker 3: the list of power companies. So we'll check in with

1389
01:04:09,120 --> 01:04:12,680
Speaker 3: Milford Asset Management in about twenty minutes on that, have you.

1390
01:04:12,720 --> 01:04:15,400
Speaker 3: And also I've got some fantastic good economic news. I

1391
01:04:15,400 --> 01:04:16,720
Speaker 3: think that I need to get to you, so we'll

1392
01:04:16,760 --> 01:04:19,360
Speaker 3: do that shortly. Just want to draw your attention to this.

1393
01:04:19,360 --> 01:04:21,160
Speaker 3: This is the this is the thing that is kind

1394
01:04:21,200 --> 01:04:23,960
Speaker 3: of doing the rounds today. It's the video of the

1395
01:04:24,000 --> 01:04:26,480
Speaker 3: Norwegian athlete getting his medal at the Winter Olympics and

1396
01:04:26,480 --> 01:04:28,640
Speaker 3: then having a big old cry about his about cheating

1397
01:04:28,640 --> 01:04:29,320
Speaker 3: on his girlfriend.

1398
01:04:29,960 --> 01:04:35,160
Speaker 8: So although I.

1399
01:04:36,240 --> 01:04:38,000
Speaker 4: Can leave her.

1400
01:04:38,480 --> 01:04:41,360
Speaker 3: Yeah, So I mean, you can't understand him different language,

1401
01:04:41,360 --> 01:04:43,080
Speaker 3: but you can hear he's like fully going for it.

1402
01:04:43,080 --> 01:04:44,800
Speaker 3: Has turned on the water works in a big way.

1403
01:04:45,000 --> 01:04:46,360
Speaker 3: And this is but by the way, he's just won

1404
01:04:46,440 --> 01:04:49,280
Speaker 3: a medal, so he's supposed to be like, yay, I've

1405
01:04:49,320 --> 01:04:51,080
Speaker 3: worked so hard for this, you know, thank you to

1406
01:04:51,120 --> 01:04:53,360
Speaker 3: my family and my friends and my coach and my country. No,

1407
01:04:53,760 --> 01:04:56,080
Speaker 3: he just busts out for the interviewer the fact that

1408
01:04:56,080 --> 01:04:58,680
Speaker 3: he cheated on his girlfriend, says, six months ago, I

1409
01:04:58,680 --> 01:05:00,920
Speaker 3: met the love of my life, the Ward's most beautiful,

1410
01:05:00,960 --> 01:05:03,280
Speaker 3: sweetest person, and three months ago I made the biggest

1411
01:05:03,280 --> 01:05:05,280
Speaker 3: mistake of my life, and I cheated on her. I'm

1412
01:05:05,320 --> 01:05:07,320
Speaker 3: sure many people now see me in a different light,

1413
01:05:07,320 --> 01:05:09,320
Speaker 3: but I only have eyes for her. I'm not quite

1414
01:05:09,360 --> 01:05:11,720
Speaker 3: sure what I'm trying to say by saying this now,

1415
01:05:12,840 --> 01:05:14,919
Speaker 3: but sport has taken a back seat in recent days.

1416
01:05:14,960 --> 01:05:16,560
Speaker 3: I wish I could share this with her anyway. I

1417
01:05:17,120 --> 01:05:19,280
Speaker 3: don't know about you, but I looked at that and

1418
01:05:19,320 --> 01:05:21,560
Speaker 3: I thought, well, number one, mate, if you only met

1419
01:05:21,560 --> 01:05:25,200
Speaker 3: her six months ago, I'm not sure that early like

1420
01:05:25,360 --> 01:05:27,920
Speaker 3: bold move, early move, calling it the love of your

1421
01:05:27,960 --> 01:05:30,160
Speaker 3: life like early, but also you put her in a

1422
01:05:30,200 --> 01:05:32,280
Speaker 3: really weird position now, right, because now it's going to

1423
01:05:32,320 --> 01:05:34,280
Speaker 3: be tempting to come back to a guy who has

1424
01:05:34,320 --> 01:05:36,240
Speaker 3: that much, you know, like it's quite nice to see

1425
01:05:36,320 --> 01:05:38,240
Speaker 3: the old water works being turned on by a man

1426
01:05:38,600 --> 01:05:40,760
Speaker 3: and that display, the big display of how muchy like

1427
01:05:40,800 --> 01:05:43,000
Speaker 3: he's embarrassing himself to make you get you back this on,

1428
01:05:43,280 --> 01:05:45,760
Speaker 3: you know, and I tempt it to go back. But

1429
01:05:45,760 --> 01:05:47,440
Speaker 3: then if you go back, everybody's going to know you've

1430
01:05:47,440 --> 01:05:50,760
Speaker 3: gone back to a cheetah. So anyway, he hasn't had

1431
01:05:50,800 --> 01:05:52,800
Speaker 3: an update from her, but I'm hanging out to find

1432
01:05:52,840 --> 01:05:55,960
Speaker 3: out what she does now, whoever she is anyway, publisher

1433
01:05:56,040 --> 01:06:00,800
Speaker 3: Next of Ron Brierley's biography, News Talks, e'd been new

1434
01:06:01,200 --> 01:06:03,720
Speaker 3: person over again.

1435
01:06:05,840 --> 01:06:09,640
Speaker 2: What's up, what's down? What were the major calls and

1436
01:06:09,760 --> 01:06:11,280
Speaker 2: how will it affect the economy?

1437
01:06:11,360 --> 01:06:15,560
Speaker 1: The big business questions on the Business Hour with Heather Duplicy,

1438
01:06:15,600 --> 01:06:18,720
Speaker 1: Allen and Mas Insurance and Investments, Your.

1439
01:06:18,600 --> 01:06:21,280
Speaker 2: Futures in Good Hands? News Talks'd be.

1440
01:06:22,640 --> 01:06:25,000
Speaker 3: Evening coming up in the next hour. Jeremy Hutton of

1441
01:06:25,040 --> 01:06:27,640
Speaker 3: Milford Asset Management on how the big power retailers have

1442
01:06:27,720 --> 01:06:31,280
Speaker 3: performed the listed ones post the aling idea genative Cherany

1443
01:06:31,320 --> 01:06:33,320
Speaker 3: on the ASB results out today and we're going to

1444
01:06:33,320 --> 01:06:36,600
Speaker 3: go to the UK with Mike ps at seven past six.

1445
01:06:36,640 --> 01:06:36,800
Speaker 1: Now.

1446
01:06:36,920 --> 01:06:40,960
Speaker 3: Shamed businessman Ron Briley has written an autobiography. It details

1447
01:06:41,000 --> 01:06:44,560
Speaker 3: his life and his business affairs, but not his crimes.

1448
01:06:44,880 --> 01:06:47,280
Speaker 3: Briley was Jilden lost his knighthood after being convicted for

1449
01:06:47,360 --> 01:06:50,040
Speaker 3: possession of child sex abuse material in twenty twenty one.

1450
01:06:50,400 --> 01:06:52,440
Speaker 3: Henry Newick is the publisher of the book and is

1451
01:06:52,480 --> 01:06:52,680
Speaker 3: with us.

1452
01:06:52,760 --> 01:06:55,320
Speaker 6: Hi, Henry, you're Heather, Heather.

1453
01:06:55,760 --> 01:06:57,000
Speaker 3: Now very well, thank you.

1454
01:06:57,000 --> 01:06:59,680
Speaker 6: I'm sure that you're can I correct you pass is

1455
01:06:59,720 --> 01:07:03,040
Speaker 6: not autobiography, never has been, and I want to stress

1456
01:07:03,080 --> 01:07:05,360
Speaker 6: that it's not about his life, it's about his business.

1457
01:07:05,400 --> 01:07:07,360
Speaker 6: I just want to make that point. I don't know

1458
01:07:07,400 --> 01:07:09,320
Speaker 6: where people get the idea that it's a biography or

1459
01:07:09,320 --> 01:07:11,200
Speaker 6: an Autobiographyically.

1460
01:07:10,320 --> 01:07:11,920
Speaker 3: The Herald, which says in the first thing.

1461
01:07:12,200 --> 01:07:15,400
Speaker 6: The Herald, that's what exactly, and so don't trust everything.

1462
01:07:15,120 --> 01:07:19,840
Speaker 3: You read good good life advice. Actually, Henry, now, okay,

1463
01:07:19,880 --> 01:07:22,360
Speaker 3: So not an autobiography, just a biography. I'm sure that

1464
01:07:22,400 --> 01:07:22,919
Speaker 3: you can try.

1465
01:07:22,960 --> 01:07:25,240
Speaker 6: It's not even a biography. It's a business history. Let's

1466
01:07:25,280 --> 01:07:26,960
Speaker 6: get this. It's a business history.

1467
01:07:27,000 --> 01:07:28,800
Speaker 3: So it's not even about his life. It's just about

1468
01:07:28,800 --> 01:07:29,280
Speaker 3: his business.

1469
01:07:29,280 --> 01:07:31,080
Speaker 6: No, it's not about his life. There's no mention of

1470
01:07:31,120 --> 01:07:31,520
Speaker 6: his life.

1471
01:07:31,840 --> 01:07:34,440
Speaker 3: It's getting a lot of history. I'm not going to lie.

1472
01:07:35,440 --> 01:07:37,400
Speaker 6: No, carry on, okay.

1473
01:07:38,160 --> 01:07:41,360
Speaker 3: So anyway, I'm sure that you considered before you decided

1474
01:07:41,360 --> 01:07:43,480
Speaker 3: to publish the book that there would be some blowback

1475
01:07:43,800 --> 01:07:44,880
Speaker 3: given what he's been up to.

1476
01:07:45,160 --> 01:07:46,919
Speaker 6: Yeah, of course, yeah, I consider that.

1477
01:07:47,040 --> 01:07:48,560
Speaker 3: Why did you decide to go ahead with it?

1478
01:07:49,640 --> 01:07:55,400
Speaker 6: Because he's perfectly entitled. Anybody's entitled to write about whatever

1479
01:07:55,400 --> 01:07:58,160
Speaker 6: they want to write about. Briley years ago started writing

1480
01:07:58,200 --> 01:08:02,040
Speaker 6: The History of Briley Investments, and it's come to fruition.

1481
01:08:02,360 --> 01:08:04,320
Speaker 6: I was asked if i'd be interested in publishing, and

1482
01:08:04,360 --> 01:08:06,600
Speaker 6: I said yes, I would. I'd be quite happy to publish,

1483
01:08:06,840 --> 01:08:09,400
Speaker 6: probably because no traditional publisher would touch it. But then

1484
01:08:09,440 --> 01:08:12,200
Speaker 6: no traditional publisher touches many authors because it's so difficult

1485
01:08:12,200 --> 01:08:14,480
Speaker 6: to get published in these days. So that's why I

1486
01:08:14,520 --> 01:08:16,519
Speaker 6: took the book on. So did you as a business story?

1487
01:08:16,520 --> 01:08:18,439
Speaker 6: In my backgrounds in business publishing too, right?

1488
01:08:18,560 --> 01:08:20,160
Speaker 3: Yeah, So did you do it because you find the

1489
01:08:20,160 --> 01:08:22,559
Speaker 3: subject interesting or did you do it on a matter

1490
01:08:22,600 --> 01:08:23,160
Speaker 3: of principle?

1491
01:08:24,080 --> 01:08:25,760
Speaker 6: I did it on a matter of principle, and also

1492
01:08:25,800 --> 01:08:27,240
Speaker 6: because I found the subject interesting.

1493
01:08:28,080 --> 01:08:30,000
Speaker 3: Do you think that the value of something like this

1494
01:08:30,120 --> 01:08:32,439
Speaker 3: is that it provides I don't know, some source material

1495
01:08:32,560 --> 01:08:34,320
Speaker 3: for a biography later on.

1496
01:08:35,640 --> 01:08:38,040
Speaker 6: Not particularly unless one wants to focus on the business.

1497
01:08:38,200 --> 01:08:41,000
Speaker 6: I mean, Brom's biography has already been written some years

1498
01:08:41,000 --> 01:08:43,960
Speaker 6: ago in a two thousand I think, by Evon von Dongen.

1499
01:08:44,160 --> 01:08:46,439
Speaker 6: That's a biography. This was not a biograph. This was

1500
01:08:46,439 --> 01:08:47,160
Speaker 6: a business book.

1501
01:08:47,280 --> 01:08:48,439
Speaker 3: Okay, Well, I was going to ask you if you

1502
01:08:48,479 --> 01:08:50,439
Speaker 3: should have detailed his convictions, but obviously if it's just

1503
01:08:50,439 --> 01:08:52,920
Speaker 3: about his business, that's kind of, you know, not really great.

1504
01:08:52,920 --> 01:08:54,880
Speaker 6: It really is, And I think that's where people get

1505
01:08:54,920 --> 01:08:58,519
Speaker 6: under as apprehension, quick jump the judgment.

1506
01:08:58,880 --> 01:09:01,040
Speaker 3: Okay do you I mean, I see, you're only doing

1507
01:09:01,080 --> 01:09:03,080
Speaker 3: a run of two and a half thousand. That doesn't

1508
01:09:03,080 --> 01:09:04,960
Speaker 3: seem like a lot. Not going to be a huge

1509
01:09:05,040 --> 01:09:06,080
Speaker 3: uptake in this, is there?

1510
01:09:06,960 --> 01:09:08,800
Speaker 6: Well at two and a half thousand. I thought, in

1511
01:09:08,840 --> 01:09:11,240
Speaker 6: fact that our primary audiences are going to be people

1512
01:09:11,240 --> 01:09:14,280
Speaker 6: who are shareholders, investors and bridies in the eighties. Now,

1513
01:09:14,439 --> 01:09:16,720
Speaker 6: given that in the nineteen seventies and eighties, probably three

1514
01:09:16,800 --> 01:09:19,680
Speaker 6: quarters of them are dead now anyway, So you know,

1515
01:09:20,120 --> 01:09:22,799
Speaker 6: the market is primarily people who had a vested interest

1516
01:09:22,840 --> 01:09:26,600
Speaker 6: in Bridley's at that time. We're not catering for today's

1517
01:09:27,160 --> 01:09:29,559
Speaker 6: business people who wouldn't many cases have never heard of Bride.

1518
01:09:29,640 --> 01:09:32,920
Speaker 3: So Henry has he even if it's not an autobiography

1519
01:09:33,000 --> 01:09:34,599
Speaker 3: or a biography, written this himself.

1520
01:09:35,760 --> 01:09:38,120
Speaker 6: Yes, it was written by himself back of it in

1521
01:09:38,160 --> 01:09:39,800
Speaker 6: the early ten thousands.

1522
01:09:39,920 --> 01:09:42,040
Speaker 3: And so it hasn't been updated subsequently.

1523
01:09:43,280 --> 01:09:46,040
Speaker 6: No, it runs through there's a little bit of finishing

1524
01:09:46,080 --> 01:09:48,800
Speaker 6: off in the late ter towards twenty twenty. Just saying

1525
01:09:48,800 --> 01:09:51,280
Speaker 6: that the company was finally wound up in Malaysia. I mean,

1526
01:09:51,280 --> 01:09:53,320
Speaker 6: he wasn't involved in the company at all of that stage.

1527
01:09:53,400 --> 01:09:55,479
Speaker 6: It hadn't been involved since the nineteen nineties.

1528
01:09:55,760 --> 01:09:57,920
Speaker 3: I mean, the reason I'm asking about that is because

1529
01:09:57,920 --> 01:10:01,240
Speaker 3: obviously there were potentially fresh charges that we're going to

1530
01:10:01,320 --> 01:10:03,439
Speaker 3: be laid. That was, they were not laid because he

1531
01:10:03,520 --> 01:10:05,240
Speaker 3: has a form of dementia.

1532
01:10:05,960 --> 01:10:07,760
Speaker 6: But that's correct now. I think I believe that's been

1533
01:10:07,760 --> 01:10:12,720
Speaker 6: certified by three doctors in Australia and so no, the

1534
01:10:12,880 --> 01:10:15,360
Speaker 6: manuscript was written a long time ago and we've just

1535
01:10:15,400 --> 01:10:16,080
Speaker 6: brought it to fruition.

1536
01:10:16,240 --> 01:10:17,880
Speaker 3: All right, Henry, It's been good to talk to you,

1537
01:10:17,920 --> 01:10:19,519
Speaker 3: and I really appreciate you taking the time to talk

1538
01:10:19,520 --> 01:10:22,240
Speaker 3: to us about it. That's Henry Nuwick, who is publishing

1539
01:10:22,320 --> 01:10:24,840
Speaker 3: the book that Ron Briley has written about his business life.

1540
01:10:24,840 --> 01:10:29,280
Speaker 3: It's eleven past six, Heather, do for c Ellen, Heather.

1541
01:10:30,040 --> 01:10:32,800
Speaker 3: This is good advice. This is good advice. Once a

1542
01:10:32,920 --> 01:10:36,880
Speaker 3: cheater establishes themselves as a cheater, they are always a cheater.

1543
01:10:37,160 --> 01:10:39,519
Speaker 3: So I hope that that bird dumps his ass and

1544
01:10:39,560 --> 01:10:42,280
Speaker 3: has more respect for herself. Sent by Richard. I think

1545
01:10:42,280 --> 01:10:44,160
Speaker 3: we all all about I think she You know, it's

1546
01:10:44,160 --> 01:10:45,720
Speaker 3: always you could get caught up in the moment. But

1547
01:10:45,720 --> 01:10:47,280
Speaker 3: if you're someone's mum or dad, you're gonna look at

1548
01:10:47,280 --> 01:10:49,519
Speaker 3: that Norwegian display and you're gonna go now, you could

1549
01:10:49,560 --> 01:10:52,040
Speaker 3: do better than that girl. Now here's some heartening economic

1550
01:10:52,040 --> 01:10:55,519
Speaker 3: news for you. Moyob has done a nationwide survey of

1551
01:10:55,560 --> 01:10:59,160
Speaker 3: more than five hundred small to medium enterprise business owners

1552
01:10:59,160 --> 01:11:02,360
Speaker 3: and decision makers that they do this, you know, relatively regularly.

1553
01:11:02,360 --> 01:11:05,240
Speaker 3: The latest one has found some good news for us.

1554
01:11:05,240 --> 01:11:07,720
Speaker 3: Given that we're all slight like just a bit trepidacious

1555
01:11:07,720 --> 01:11:10,280
Speaker 3: about whether we're going to what kind of an economic recovery.

1556
01:11:10,280 --> 01:11:13,080
Speaker 3: We're going to see. It's found work is packing up.

1557
01:11:13,439 --> 01:11:16,439
Speaker 3: A third have more work lined up for this quarter

1558
01:11:16,880 --> 01:11:20,200
Speaker 3: than they normally would, forty percent have the same amount

1559
01:11:20,200 --> 01:11:22,080
Speaker 3: of work as they would normally expect, and only a

1560
01:11:22,160 --> 01:11:24,880
Speaker 3: quarter said they have less work than usual. When it's

1561
01:11:24,880 --> 01:11:30,679
Speaker 3: broken down by sectors, manufacturing SMEs with a highlight Among

1562
01:11:30,720 --> 01:11:33,840
Speaker 3: those surveyed, thirty eight percent of them have reported an

1563
01:11:33,880 --> 01:11:36,639
Speaker 3: increase in orders or work commission before the end of March.

1564
01:11:37,080 --> 01:11:40,800
Speaker 3: Retail was also very positive. Well, it was positive. Let's

1565
01:11:40,840 --> 01:11:43,400
Speaker 3: not overstate it. It was positive, and retail being positive

1566
01:11:43,439 --> 01:11:45,720
Speaker 3: is always a good sign. They've reported a thirty seven

1567
01:11:45,760 --> 01:11:49,240
Speaker 3: percent increase. Construction and trade businesses have reported a thirty

1568
01:11:49,240 --> 01:11:51,920
Speaker 3: three percent increase for the same period. And good news

1569
01:11:51,920 --> 01:11:54,720
Speaker 3: for consumers, thirty three percent of sms are planning to

1570
01:11:54,760 --> 01:11:57,519
Speaker 3: run sales discouncil promotions before the end of the financial

1571
01:11:57,600 --> 01:11:58,840
Speaker 3: year thirteen past six.

1572
01:12:00,160 --> 01:12:03,680
Speaker 1: It's the Heather Duper Clan Drive Full Show podcast on

1573
01:12:03,800 --> 01:12:06,280
Speaker 1: my Heart Radio empowered by newstalg ZEBI.

1574
01:12:07,479 --> 01:12:09,479
Speaker 3: We all do it, ah. We overthink the big things,

1575
01:12:09,520 --> 01:12:11,479
Speaker 3: the job security, of the mortgage rates, or that lump

1576
01:12:11,479 --> 01:12:13,280
Speaker 3: in our neck, and then we overthink the little things

1577
01:12:13,280 --> 01:12:15,639
Speaker 3: as well, like what night has beens night? It's Tuesday night.

1578
01:12:15,680 --> 01:12:18,280
Speaker 3: By the way, why has cheese become a luxury item?

1579
01:12:18,360 --> 01:12:20,200
Speaker 3: We all know the reason. But as a member of

1580
01:12:20,240 --> 01:12:22,720
Speaker 3: this New Zealand grown member own mutual, you can rest

1581
01:12:22,760 --> 01:12:25,320
Speaker 3: easy knowing your future is in very good hands. MAZ

1582
01:12:25,439 --> 01:12:28,280
Speaker 3: is an insurance and investment mutual which has been putting

1583
01:12:28,280 --> 01:12:31,160
Speaker 3: their members' worries to bed for over one hundred years now,

1584
01:12:31,160 --> 01:12:32,840
Speaker 3: and this year, for the ninth year in a row,

1585
01:12:32,880 --> 01:12:36,080
Speaker 3: MAZ members have voted them consumer People's choice for house

1586
01:12:36,120 --> 01:12:40,080
Speaker 3: contents and car insurance. MAS offers premium insurance and investment products,

1587
01:12:40,080 --> 01:12:43,400
Speaker 3: expert advice and exceptional service, all with your needs at heart.

1588
01:12:43,520 --> 01:12:45,719
Speaker 3: So whether you want to grow your wealth or protect

1589
01:12:45,760 --> 01:12:48,320
Speaker 3: your future, MAS has got you covered. So join the

1590
01:12:48,360 --> 01:12:51,080
Speaker 3: thousands of satisfied members who trust MAS to protect what

1591
01:12:51,160 --> 01:12:53,479
Speaker 3: matters most. Your future is in good hands with MAZ.

1592
01:12:53,880 --> 01:12:56,679
Speaker 3: That's MAS dot Co dot NZ.

1593
01:12:57,880 --> 01:13:01,320
Speaker 1: Crudging the numbers and getting the results. It's Heather Duplessy

1594
01:13:01,360 --> 01:13:05,200
Speaker 1: Allen on the Business Hour with MAS Insurance and Investments.

1595
01:13:05,320 --> 01:13:08,040
Speaker 1: Your futures in good hands us talks.

1596
01:13:08,040 --> 01:13:10,519
Speaker 3: That'd be Will's gone crazy. The French government is going

1597
01:13:10,560 --> 01:13:12,720
Speaker 3: to send letters out to people asking them to have

1598
01:13:12,800 --> 01:13:14,840
Speaker 3: more babies, as if that's going to make them have

1599
01:13:14,960 --> 01:13:17,840
Speaker 3: more babies. But Mike Pierce out of the UK, our correspondent,

1600
01:13:17,840 --> 01:13:19,559
Speaker 3: will talk us through that before the end of this hour.

1601
01:13:19,640 --> 01:13:22,280
Speaker 3: Right now, it's seven past six. Now with me now

1602
01:13:22,439 --> 01:13:27,960
Speaker 3: is Jeremy Hutton, Milford Asset Management. Hi, Jeremy, good evening, Heller, Hey, Jeremy.

1603
01:13:27,960 --> 01:13:30,559
Speaker 3: There's been a lot of discussion on the aling terminal

1604
01:13:30,560 --> 01:13:33,200
Speaker 3: this week and what is the listed market focusing on

1605
01:13:33,240 --> 01:13:35,000
Speaker 3: for potential impacts on the gen tailors.

1606
01:13:36,880 --> 01:13:39,360
Speaker 22: Yeah, the key focus for the listed market will be

1607
01:13:39,520 --> 01:13:44,559
Speaker 22: the wholesale electricity price and the corresponding ASEX futures curve

1608
01:13:44,600 --> 01:13:47,920
Speaker 22: for electricity, and in particular the twenty twenty nine period

1609
01:13:47,960 --> 01:13:50,240
Speaker 22: because this is when the Allen G Terminal will be

1610
01:13:50,800 --> 01:13:55,160
Speaker 22: potentially up and running. Now, these wholesale prices are very important.

1611
01:13:55,160 --> 01:13:59,280
Speaker 22: They do set the basis for residential and business power

1612
01:13:59,320 --> 01:14:01,599
Speaker 22: bills and the government has obviously made it a key

1613
01:14:01,640 --> 01:14:06,040
Speaker 22: pitch of the Salingery Terminal to reduce these future electricity prices.

1614
01:14:06,080 --> 01:14:09,160
Speaker 22: So it really does need to see these prices come

1615
01:14:09,160 --> 01:14:12,400
Speaker 22: back a bit to warrant the investment. But in theory, yes,

1616
01:14:13,040 --> 01:14:16,959
Speaker 22: having extra L and G secured does add more insurance

1617
01:14:16,960 --> 01:14:20,200
Speaker 22: into electricity market and that potentially reduces some of the

1618
01:14:20,280 --> 01:14:24,760
Speaker 22: risk premium component that's built into electricity prices. From what

1619
01:14:24,800 --> 01:14:27,080
Speaker 22: we can see in early trading of these of these

1620
01:14:27,120 --> 01:14:29,559
Speaker 22: future electricity prices that have come back a tad which

1621
01:14:29,640 --> 01:14:32,439
Speaker 22: is obviously good, but it is a fairly liquid market

1622
01:14:32,479 --> 01:14:34,120
Speaker 22: at this point, so we do need a little bit

1623
01:14:34,120 --> 01:14:36,240
Speaker 22: more time for the market to digest this.

1624
01:14:36,840 --> 01:14:40,040
Speaker 3: What's been the impact on the gentailer companies themselves.

1625
01:14:40,800 --> 01:14:44,040
Speaker 22: Yeah, fairly limited impacts so far in terms of share prices.

1626
01:14:44,160 --> 01:14:47,120
Speaker 22: But if you do start to see these wholesale prices

1627
01:14:47,160 --> 01:14:52,560
Speaker 22: move materially, investors will start to take notice and ultimately

1628
01:14:52,600 --> 01:14:55,479
Speaker 22: that this goes to Gentila profits in the future. Link

1629
01:14:55,520 --> 01:14:58,080
Speaker 22: to the link to the wholesale curve. But what I

1630
01:14:58,080 --> 01:15:00,320
Speaker 22: would say is there's a lot of factors that do

1631
01:15:00,920 --> 01:15:04,519
Speaker 22: or that does impact future electricity prices and the ASEX

1632
01:15:04,560 --> 01:15:08,400
Speaker 22: futures curve. The risk component is just one factor, and

1633
01:15:08,479 --> 01:15:10,679
Speaker 22: there is a lot of time and excuse the pun

1634
01:15:10,800 --> 01:15:14,720
Speaker 22: water to go under the bridge before we get the

1635
01:15:14,720 --> 01:15:16,719
Speaker 22: real impact of this L and G terminal.

1636
01:15:17,479 --> 01:15:20,400
Speaker 3: Now on Ryman Healthcare, they hosted an investor day last week.

1637
01:15:20,439 --> 01:15:21,920
Speaker 3: Have they managed to stabilize the ship?

1638
01:15:21,960 --> 01:15:26,120
Speaker 22: Hem, Yeah, they have stabilized things a little bit now.

1639
01:15:26,360 --> 01:15:29,160
Speaker 22: Investor days they are a really good opportunity for management

1640
01:15:29,240 --> 01:15:31,679
Speaker 22: to sort of set the narrative and how they're thinking

1641
01:15:31,680 --> 01:15:35,040
Speaker 22: about the business strategy going forward. And as we know,

1642
01:15:35,160 --> 01:15:37,920
Speaker 22: Ryman has had a fairly torrid last five years. They've

1643
01:15:37,920 --> 01:15:42,240
Speaker 22: had to ask shareholders to contribute twice to large capital

1644
01:15:42,280 --> 01:15:45,160
Speaker 22: raisers and the share prices at their share prices down

1645
01:15:45,280 --> 01:15:48,639
Speaker 22: around eighty percent over that period. Now this time around,

1646
01:15:48,680 --> 01:15:50,920
Speaker 22: they've presented a plan that's a lot more steady as

1647
01:15:50,960 --> 01:15:53,679
Speaker 22: she goes rather than sort of some of the huge

1648
01:15:53,680 --> 01:15:56,479
Speaker 22: growth that Ryman has pursued in the past. To me,

1649
01:15:56,640 --> 01:15:58,320
Speaker 22: this makes sense, you know, they don't want to repeat

1650
01:15:58,320 --> 01:16:01,519
Speaker 22: some of the mistakes they've made and overstretch the business.

1651
01:16:01,520 --> 01:16:03,680
Speaker 22: But on the flip side, it doesn't provide a lot

1652
01:16:03,680 --> 01:16:07,360
Speaker 22: of potential upside for investors either. So, yes, they have

1653
01:16:07,439 --> 01:16:09,280
Speaker 22: steadied the ship. But you know, it's pretty clear that

1654
01:16:09,280 --> 01:16:12,120
Speaker 22: this business is being run a lot more conservatively these days,

1655
01:16:12,680 --> 01:16:15,160
Speaker 22: so any large share price recovery may have to wait

1656
01:16:15,360 --> 01:16:16,400
Speaker 22: a few more years yet.

1657
01:16:17,040 --> 01:16:20,040
Speaker 3: Now the housing market, the positive outlook it's been waiting

1658
01:16:20,080 --> 01:16:21,160
Speaker 3: a wee bit lately, hasn't it.

1659
01:16:22,479 --> 01:16:25,200
Speaker 22: Yeah, it has. We've seen some of the bank economists

1660
01:16:25,200 --> 01:16:28,680
Speaker 22: forecasts for house price growth being trimmed back already in

1661
01:16:28,720 --> 01:16:32,760
Speaker 22: twenty twenty six. This seems to stem mainly from the

1662
01:16:32,840 --> 01:16:37,240
Speaker 22: large rise and hostel interest rates post the last RBNZ

1663
01:16:37,439 --> 01:16:41,200
Speaker 22: meeting in November last year. This has flown through into

1664
01:16:41,720 --> 01:16:46,320
Speaker 22: higher mortgage rates and thus tempered the house price expectations.

1665
01:16:46,960 --> 01:16:50,160
Speaker 22: This also impacts the retirement sector. House prices is obviously important,

1666
01:16:51,040 --> 01:16:52,760
Speaker 22: but what I would say is that we are seeing

1667
01:16:52,840 --> 01:16:55,640
Speaker 22: much better liquidity sales volumes in the market. That's going

1668
01:16:55,720 --> 01:16:59,519
Speaker 22: to help the retirement village operators and Rynman included in

1669
01:16:59,520 --> 01:17:02,960
Speaker 22: the short term. But for any large rerate in the

1670
01:17:02,960 --> 01:17:06,160
Speaker 22: short term in the share price, you do need a

1671
01:17:05,760 --> 01:17:09,439
Speaker 22: better housing market price outlook. And this still is a

1672
01:17:09,479 --> 01:17:11,040
Speaker 22: little bit tough to me in the short term.

1673
01:17:11,120 --> 01:17:12,960
Speaker 3: Yeah, Jeremy, very good point. Hey, thank you very much,

1674
01:17:12,960 --> 01:17:15,720
Speaker 3: as always appreciate it. Jerem Hutton, Milford Asset Management on

1675
01:17:15,760 --> 01:17:18,679
Speaker 3: that housing market. Actually, Tony Alexander has written a great

1676
01:17:18,680 --> 01:17:21,880
Speaker 3: piece as per usual, and this time focused on why

1677
01:17:22,040 --> 01:17:24,719
Speaker 3: we should get used to lower increases in house prices,

1678
01:17:24,760 --> 01:17:26,160
Speaker 3: which if you listen to the show. We have been

1679
01:17:26,200 --> 01:17:28,000
Speaker 3: saying ourselves for affair. But here, he says, a few

1680
01:17:28,080 --> 01:17:30,160
Speaker 3: years ago I noted that the average pace of house

1681
01:17:30,160 --> 01:17:33,000
Speaker 3: price growth in New Zealand of six point eight percent

1682
01:17:33,040 --> 01:17:35,040
Speaker 3: per year was not sustainable and that we should probably

1683
01:17:35,040 --> 01:17:38,280
Speaker 3: expect something closer to five percent. The pandemic binge meant

1684
01:17:38,320 --> 01:17:40,120
Speaker 3: that for a while no one bothered about what the

1685
01:17:40,120 --> 01:17:42,439
Speaker 3: long term would bring. But we have had the binge,

1686
01:17:42,439 --> 01:17:44,240
Speaker 3: we've lived through the pullback, and now we seem to

1687
01:17:44,280 --> 01:17:47,200
Speaker 3: be settling into a pleasingly mild cycle. After all that,

1688
01:17:47,240 --> 01:17:50,439
Speaker 3: we have the following interesting statistics. In the period from

1689
01:17:50,479 --> 01:17:54,639
Speaker 3: nineteen ninety two to twenty nineteen, it's just pre pandemic,

1690
01:17:55,040 --> 01:17:57,360
Speaker 3: average house prices in New Zealand rose by six point

1691
01:17:57,400 --> 01:17:59,880
Speaker 3: eight percent according to the ARII in Z's nation Y

1692
01:18:00,240 --> 01:18:03,040
Speaker 3: House Price Index. Over the last six years from twenty

1693
01:18:03,120 --> 01:18:06,080
Speaker 3: twenty until now, the average annual gale gain has been

1694
01:18:06,160 --> 01:18:09,320
Speaker 3: exactly five percent. We have hit the new long run

1695
01:18:09,760 --> 01:18:11,160
Speaker 3: already six twenty two.

1696
01:18:11,920 --> 01:18:15,559
Speaker 1: Whether it's macro, micro or just plain economics, it's all

1697
01:18:15,680 --> 01:18:18,559
Speaker 1: on the Business hour, were he the duper clur and

1698
01:18:18,800 --> 01:18:21,360
Speaker 1: mas insurance and investments.

1699
01:18:20,840 --> 01:18:25,439
Speaker 2: Your futures in good Hands News Talks Envy Heather.

1700
01:18:25,520 --> 01:18:27,639
Speaker 3: I don't think you realize the irony of your statement

1701
01:18:27,680 --> 01:18:32,120
Speaker 3: French letters to encourageencourage people to have more babies. Loell,

1702
01:18:32,240 --> 01:18:35,040
Speaker 3: I didn't, and then the text started coming in and

1703
01:18:35,080 --> 01:18:37,960
Speaker 3: then I did, so thank you for pointing it out. Now,

1704
01:18:39,680 --> 01:18:41,360
Speaker 3: this was do you know what I told you this

1705
01:18:41,439 --> 01:18:43,400
Speaker 3: was going to happen. You won't recall it because because

1706
01:18:43,479 --> 01:18:45,920
Speaker 3: it was not a big deal and it'll just it

1707
01:18:46,000 --> 01:18:49,719
Speaker 3: was just something I mentioned on the show maybe maybe

1708
01:18:49,800 --> 01:18:53,120
Speaker 3: let's say quarter three last year. I said, this is

1709
01:18:53,160 --> 01:18:54,719
Speaker 3: going to be a problem. People are going to flip

1710
01:18:54,760 --> 01:18:57,280
Speaker 3: out about this watch and they are. This is the

1711
01:18:57,280 --> 01:19:00,559
Speaker 3: shutdown of the three G. In fact, it could have

1712
01:19:00,600 --> 01:19:03,080
Speaker 3: been caugh to three twenty twenty four when I drew

1713
01:19:03,120 --> 01:19:05,000
Speaker 3: it to your attention. First. I can't recall, but it

1714
01:19:05,040 --> 01:19:07,000
Speaker 3: was a long time ago. So if you haven't caught

1715
01:19:07,080 --> 01:19:08,920
Speaker 3: up on this, all of the telcos are busy shutting

1716
01:19:08,920 --> 01:19:10,439
Speaker 3: down the three G at the moment right this is

1717
01:19:10,439 --> 01:19:13,559
Speaker 3: the three G network because basically they want to put

1718
01:19:13,600 --> 01:19:15,720
Speaker 3: everything on. They want to get some of those radio

1719
01:19:15,800 --> 01:19:18,439
Speaker 3: spectrums freed up and they can use presumably I'm a

1720
01:19:18,479 --> 01:19:20,439
Speaker 3: guessing it for the four G and the five G

1721
01:19:20,560 --> 01:19:22,320
Speaker 3: or maybe they just want to save money, but also

1722
01:19:22,360 --> 01:19:24,920
Speaker 3: the newer technology of four G and five G apparently

1723
01:19:25,600 --> 01:19:27,400
Speaker 3: is so much more efficient that they can save huge

1724
01:19:27,400 --> 01:19:29,439
Speaker 3: amounts on their power bills by shutting down the three G.

1725
01:19:29,720 --> 01:19:31,040
Speaker 3: And they said to you, watch, people are going to

1726
01:19:31,080 --> 01:19:32,960
Speaker 3: flip out because this is what happened in Australia when

1727
01:19:32,960 --> 01:19:34,800
Speaker 3: they shut down the three G. There everybody found out

1728
01:19:34,840 --> 01:19:37,360
Speaker 3: all these devices that were still working on three G

1729
01:19:37,479 --> 01:19:39,320
Speaker 3: that they didn't realize was still on three G and

1730
01:19:39,520 --> 01:19:41,639
Speaker 3: people got really upset. And these guys have been warning

1731
01:19:41,720 --> 01:19:45,280
Speaker 3: us One New Zealand and Spark and two degrees have

1732
01:19:45,360 --> 01:19:47,920
Speaker 3: been saying, hey, we're going to shut down the three G.

1733
01:19:47,920 --> 01:19:48,640
Speaker 3: Get ready for it.

1734
01:19:48,680 --> 01:19:53,800
Speaker 23: Well, Steve Simms from the Birkenhead Brewing Company is not

1735
01:19:54,000 --> 01:19:58,120
Speaker 23: happy because it turns out that his alarm system still

1736
01:19:58,200 --> 01:20:00,280
Speaker 23: uses three G and now he's going to have pay

1737
01:20:00,280 --> 01:20:02,920
Speaker 23: five hundred dollars to replace the radio component and he

1738
01:20:03,080 --> 01:20:04,880
Speaker 23: thinks that Spark should have to pay for it.

1739
01:20:04,920 --> 01:20:05,080
Speaker 11: Now.

1740
01:20:05,160 --> 01:20:08,120
Speaker 3: Look, I mean he could we can have that debate,

1741
01:20:08,280 --> 01:20:11,120
Speaker 3: but shouldn't catch you unaware. So let me just shall

1742
01:20:11,120 --> 01:20:13,040
Speaker 3: I run you I'll run you through later, give you

1743
01:20:13,040 --> 01:20:14,880
Speaker 3: a little list of things that you need to get

1744
01:20:14,920 --> 01:20:17,240
Speaker 3: ready for that are going to shut down when it

1745
01:20:17,280 --> 01:20:19,720
Speaker 3: all shuts down at the end of March. Right now,

1746
01:20:19,720 --> 01:20:20,679
Speaker 3: it's six twenty six.

1747
01:20:21,240 --> 01:20:25,480
Speaker 1: There's no business like show business.

1748
01:20:26,320 --> 01:20:28,880
Speaker 3: Lot different stars have gathered to prepare for the ninety

1749
01:20:28,880 --> 01:20:31,800
Speaker 3: eighth Academy Awards at the annual Nominee Luncheon. There's not

1750
01:20:31,880 --> 01:20:34,240
Speaker 3: really actually a reason for the luncheon, just they just

1751
01:20:34,320 --> 01:20:37,439
Speaker 3: like dressing up and celebrating. Leo DiCaprio walk the red

1752
01:20:37,439 --> 01:20:40,000
Speaker 3: carpet in a classic black suit with a white shirt underneath,

1753
01:20:40,040 --> 01:20:44,360
Speaker 3: but no tie. Leonardo DiCaprio the I can't the legend

1754
01:20:44,520 --> 01:20:47,639
Speaker 3: the moment, just wearing the same old, plain old suit.

1755
01:20:48,280 --> 01:20:50,639
Speaker 3: His guest for the afternoon was his father, George, wearing

1756
01:20:50,680 --> 01:20:53,840
Speaker 3: a blue velvet jacket. Tiana Taylor seemingly stole the show

1757
01:20:53,840 --> 01:20:56,240
Speaker 3: with a skirt, top, and cap all in different textures.

1758
01:20:56,520 --> 01:21:00,000
Speaker 3: She's nominated for Best Supporting Actress for One Battle after Another,

1759
01:21:00,040 --> 01:21:02,800
Speaker 3: which is directed by Paul Thomas Anderson, and she still

1760
01:21:02,840 --> 01:21:05,240
Speaker 3: seems to be committed to her character as Perfidia, because

1761
01:21:05,240 --> 01:21:07,439
Speaker 3: she was filmed responding quicker to that than her own name.

1762
01:21:07,920 --> 01:21:08,360
Speaker 20: Familiar.

1763
01:21:08,840 --> 01:21:15,560
Speaker 3: Look here, the outfits aren't nearly as daring as the

1764
01:21:15,600 --> 01:21:17,800
Speaker 3: annual luncheon. I guess we will have to wait for

1765
01:21:17,840 --> 01:21:20,400
Speaker 3: the actual oscars for the shock factor. By the way,

1766
01:21:20,760 --> 01:21:24,680
Speaker 3: if you haven't googled George Dicaprios in Leo's Dad, do

1767
01:21:24,720 --> 01:21:28,360
Speaker 3: yourself a favor. Not what you expect. Must have got

1768
01:21:28,400 --> 01:21:31,080
Speaker 3: the looks from the mum. Dad looks like an aging rocket.

1769
01:21:31,360 --> 01:21:34,160
Speaker 3: Dad's an interesting looking character. Janatip Cherany's with us.

1770
01:21:34,080 --> 01:21:51,639
Speaker 1: Next, everything from SMEs to the big corporates, the Business

1771
01:21:51,680 --> 01:21:54,480
Speaker 1: Hour with the Heather Duplicy, Allen and Ma's.

1772
01:21:54,280 --> 01:21:58,800
Speaker 2: Insurance and investments. Your futures in good hands used talks'd

1773
01:21:58,800 --> 01:21:59,519
Speaker 2: be the.

1774
01:22:03,800 --> 01:22:08,519
Speaker 3: Very well right three letters. We're going to talk about

1775
01:22:08,520 --> 01:22:11,320
Speaker 3: that shortly with our UK correspondent Mike Pierce. Here's the

1776
01:22:11,360 --> 01:22:13,240
Speaker 3: list of things. This is not a comprehensive list, but

1777
01:22:13,280 --> 01:22:15,200
Speaker 3: it's like it'll give you a flavor of what's going

1778
01:22:15,280 --> 01:22:17,280
Speaker 3: to shut down if you haven't got rid of this

1779
01:22:17,400 --> 01:22:19,280
Speaker 3: and onto the four G or five G when the

1780
01:22:19,320 --> 01:22:22,040
Speaker 3: three G shuts down your older handsets, so if you're

1781
01:22:22,080 --> 01:22:26,360
Speaker 3: using iPhone six something like that. Things and Galaxy J two, Pro,

1782
01:22:26,520 --> 01:22:30,519
Speaker 3: Huawei Y five, Nokia three three one, Oho ALCATL one

1783
01:22:30,560 --> 01:22:32,320
Speaker 3: B blah blah blah. That's all going to shut down.

1784
01:22:32,600 --> 01:22:35,920
Speaker 3: Some really old smart watchers might shut down. Vehicle trackers,

1785
01:22:35,960 --> 01:22:38,080
Speaker 3: the GPS trackers for the cars, trailers and so on.

1786
01:22:38,120 --> 01:22:40,959
Speaker 3: That won't work. Medical alarms may not work, security systems,

1787
01:22:41,320 --> 01:22:46,000
Speaker 3: older f POS machines mightn't work. Smart meters, the weird one.

1788
01:22:46,200 --> 01:22:48,519
Speaker 3: The lift phone. So when you go into the elevator

1789
01:22:48,520 --> 01:22:49,960
Speaker 3: and you're stuck and then you use the phone to

1790
01:22:49,960 --> 01:22:52,599
Speaker 3: call to say help, well, hopefully they swap that out

1791
01:22:52,640 --> 01:22:54,280
Speaker 3: for a four G phone. Otherwise you're not going to

1792
01:22:54,320 --> 01:22:58,000
Speaker 3: be able to get anybody in there. Your kindle, that's

1793
01:22:58,040 --> 01:22:59,560
Speaker 3: the one that's going to get me. My kindle is

1794
01:22:59,600 --> 01:23:00,559
Speaker 3: not going to work anymore.

1795
01:23:00,760 --> 01:23:00,920
Speaker 6: Now.

1796
01:23:00,920 --> 01:23:03,200
Speaker 3: If you're not sure and you're thinking, oh, can I

1797
01:23:03,280 --> 01:23:04,960
Speaker 3: find out? What you want to do is this is

1798
01:23:05,040 --> 01:23:07,320
Speaker 3: news you can use. Go to your phone, send a

1799
01:23:07,320 --> 01:23:09,920
Speaker 3: text to the number five five zero and just put

1800
01:23:09,920 --> 01:23:11,600
Speaker 3: in three G. And I just did that before and

1801
01:23:11,600 --> 01:23:13,360
Speaker 3: it told me I'm absolutely fine. I don't need to

1802
01:23:13,360 --> 01:23:15,800
Speaker 3: worry about it. Twenty four away from seven Heather do

1803
01:23:15,920 --> 01:23:18,920
Speaker 3: for ce Alen Right, Jane tips Trainy The New Zealand Herald,

1804
01:23:19,040 --> 01:23:22,240
Speaker 3: Wellington Business editors with us now hij ename hey, hey,

1805
01:23:22,280 --> 01:23:24,719
Speaker 3: So I was reading your article about the ASPEED report

1806
01:23:25,040 --> 01:23:27,040
Speaker 3: results today, because of course they've posted a half year

1807
01:23:27,040 --> 01:23:29,439
Speaker 3: profit of seven hundred and sixty five million dollars. Interesting

1808
01:23:29,479 --> 01:23:31,839
Speaker 3: thing is the number of people in December who decided

1809
01:23:31,840 --> 01:23:34,000
Speaker 3: to fix their mortgage rates. Yeah, that's right.

1810
01:23:35,040 --> 01:23:39,040
Speaker 24: I don't know if listeners can recall, but in December

1811
01:23:39,120 --> 01:23:42,960
Speaker 24: those mortgage rates started rising, the longer term ones unexpectedly

1812
01:23:43,040 --> 01:23:45,720
Speaker 24: because the market was shocked by the Reserve Bank being

1813
01:23:45,760 --> 01:23:48,600
Speaker 24: a bit more hawkish than expected. So there was a

1814
01:23:48,640 --> 01:23:52,600
Speaker 24: real rush by borrowers who had been on floating and

1815
01:23:52,640 --> 01:23:54,760
Speaker 24: on shorter term rates. It was a real rush to

1816
01:23:54,840 --> 01:23:57,000
Speaker 24: lock in what they thought might have been the trough

1817
01:23:57,080 --> 01:24:00,000
Speaker 24: in the cycle, lock in interest rates for longer time.

1818
01:24:00,400 --> 01:24:03,639
Speaker 24: So I took to the ASB CEO Victoria Short earlier

1819
01:24:03,640 --> 01:24:06,160
Speaker 24: today and she said yes, in fact, the one and

1820
01:24:06,200 --> 01:24:11,519
Speaker 24: the two year mortgage rates were super popular, so people

1821
01:24:11,640 --> 01:24:15,000
Speaker 24: went to those interestingly, not so much to the three year.

1822
01:24:15,560 --> 01:24:18,760
Speaker 24: You know, kiwis still seem to be a little bit

1823
01:24:18,800 --> 01:24:21,680
Speaker 24: cautious maybe don't want to sort of pin themselves down

1824
01:24:21,720 --> 01:24:25,680
Speaker 24: for too long. But that two year in particular made

1825
01:24:25,720 --> 01:24:28,000
Speaker 24: a big comeback. So if you look at industry wide.

1826
01:24:28,160 --> 01:24:30,920
Speaker 24: Of all the new mortgage lending done in December, twenty

1827
01:24:30,960 --> 01:24:33,640
Speaker 24: two percent was fixed for a year and twenty two

1828
01:24:33,680 --> 01:24:37,639
Speaker 24: percent for two years. That two year figure in particular

1829
01:24:37,720 --> 01:24:39,040
Speaker 24: was a pretty big jump.

1830
01:24:39,160 --> 01:24:40,559
Speaker 3: Yeap got on them. Do you know what I took

1831
01:24:40,600 --> 01:24:42,160
Speaker 3: from that? I took some heart about the fact that

1832
01:24:42,200 --> 01:24:44,760
Speaker 3: actually people are really aware of what's going on there.

1833
01:24:44,800 --> 01:24:47,479
Speaker 3: Like it is, thirteen billion dollars worth of mortgages is

1834
01:24:47,479 --> 01:24:49,920
Speaker 3: a significant number. A yeah, it's a lot, and I'm

1835
01:24:49,960 --> 01:24:52,120
Speaker 3: taking chances. And you know, as we.

1836
01:24:52,160 --> 01:24:55,879
Speaker 24: Talked about recently, the amount of mortgage switching in December

1837
01:24:56,120 --> 01:24:58,840
Speaker 24: was huge as well, sort of a record amount. So

1838
01:24:58,840 --> 01:25:00,919
Speaker 24: I think definitely, you know, is a bit of competition

1839
01:25:00,960 --> 01:25:04,320
Speaker 24: and people are paying attention. Still cautious though in Victoria

1840
01:25:04,360 --> 01:25:05,719
Speaker 24: when I talked to her, she was a bit cautious

1841
01:25:05,720 --> 01:25:09,920
Speaker 24: about the economy, about inflation potentially being a bit sticky geopolitics,

1842
01:25:11,000 --> 01:25:13,719
Speaker 24: but you know, people are paying attention.

1843
01:25:13,800 --> 01:25:17,360
Speaker 3: Yeah, please about that now. The big news today, obviously,

1844
01:25:17,400 --> 01:25:19,920
Speaker 3: as Nicola willis announcing this COVID inquiry into how the

1845
01:25:19,920 --> 01:25:22,800
Speaker 3: Reserve Bank handled it. What it's occurred to me is

1846
01:25:22,840 --> 01:25:25,000
Speaker 3: the show has gone on in just the last like

1847
01:25:25,120 --> 01:25:28,160
Speaker 3: two and a half hours. Is that instead, this doesn't

1848
01:25:28,200 --> 01:25:30,720
Speaker 3: feel like a successful announcement for the government because we're

1849
01:25:30,760 --> 01:25:32,920
Speaker 3: not talking about the substance. We're talking about the timing

1850
01:25:32,960 --> 01:25:35,000
Speaker 3: of the thing that they can't be happy about.

1851
01:25:34,720 --> 01:25:38,800
Speaker 24: That, oh exactly that. I think everyone can agree that

1852
01:25:39,200 --> 01:25:41,920
Speaker 24: the Reserve Bank did not do the best job at

1853
01:25:41,920 --> 01:25:44,639
Speaker 24: the response to COVID. So yes, everyone tried their best

1854
01:25:44,680 --> 01:25:49,080
Speaker 24: and the initial response I think was praised. But then

1855
01:25:49,120 --> 01:25:52,240
Speaker 24: we had asset prices go berserk, we had huge inflation.

1856
01:25:52,280 --> 01:25:54,280
Speaker 24: It took a long time to get it back under control.

1857
01:25:54,479 --> 01:25:57,760
Speaker 24: Lots of jobs were saved, but the economy was entirely overheated,

1858
01:25:58,200 --> 01:26:01,439
Speaker 24: and the Reserve Bank and the govern overdid it together

1859
01:26:01,600 --> 01:26:04,080
Speaker 24: the collective if it was too much, you know, I mean,

1860
01:26:04,400 --> 01:26:06,519
Speaker 24: why don't you pay me for the review? We've just

1861
01:26:06,520 --> 01:26:10,360
Speaker 24: done it now of all the articles exactly, So, I

1862
01:26:10,360 --> 01:26:12,240
Speaker 24: mean that's the thing. But I think we're the focus

1863
01:26:12,320 --> 01:26:14,599
Speaker 24: is now is like why has the government waited until

1864
01:26:14,640 --> 01:26:18,679
Speaker 24: now to do it? The findings will come out weeks

1865
01:26:18,720 --> 01:26:19,559
Speaker 24: before the election.

1866
01:26:20,479 --> 01:26:21,120
Speaker 8: We know what the.

1867
01:26:21,040 --> 01:26:22,880
Speaker 24: Findings are going to say. They're going to say that

1868
01:26:23,720 --> 01:26:25,719
Speaker 24: you know that they could have all done a better job,

1869
01:26:25,800 --> 01:26:28,599
Speaker 24: and then that will give Nikola willis in the National

1870
01:26:28,640 --> 01:26:31,840
Speaker 24: Party a platform to attack Labor. Yep, they'll be able

1871
01:26:31,880 --> 01:26:34,800
Speaker 24: to say that Grant Robertson had to sign off on

1872
01:26:34,880 --> 01:26:38,640
Speaker 24: the monetary policy, the money printing program that was the

1873
01:26:38,640 --> 01:26:43,719
Speaker 24: big expensive one that required his signature. And it'll allow

1874
01:26:43,800 --> 01:26:46,400
Speaker 24: the government to point to Labor and say, look at

1875
01:26:46,439 --> 01:26:49,599
Speaker 24: the shambles. Even though the Reserve Bank is independent, this

1876
01:26:49,680 --> 01:26:53,080
Speaker 24: all happened under Labour's watch. Look how much they mucked

1877
01:26:53,120 --> 01:26:57,760
Speaker 24: up the economy. Do you trust them? And so given that,

1878
01:26:58,080 --> 01:27:01,160
Speaker 24: I just think that the review is but the timing,

1879
01:27:01,560 --> 01:27:03,759
Speaker 24: it's it seems purely entirely.

1880
01:27:04,200 --> 01:27:06,640
Speaker 3: This is the thing about it is so transparent, gene right,

1881
01:27:06,680 --> 01:27:09,120
Speaker 3: there is nothing about this is clunky. There's nothing about

1882
01:27:09,120 --> 01:27:12,960
Speaker 3: it that's sophisticated. If it is this, if it's this clunky,

1883
01:27:13,120 --> 01:27:14,960
Speaker 3: do people just see through it and it kind of loses

1884
01:27:14,960 --> 01:27:16,240
Speaker 3: it's its sting.

1885
01:27:17,000 --> 01:27:19,000
Speaker 24: Yeah, you know that that's a good That is a

1886
01:27:19,000 --> 01:27:23,559
Speaker 24: good question, because yeah, why why wait until then? I

1887
01:27:23,560 --> 01:27:26,479
Speaker 24: actually don't know if if if they will, but I

1888
01:27:26,520 --> 01:27:29,400
Speaker 24: think it will remind people. But then again, it's that

1889
01:27:29,520 --> 01:27:31,840
Speaker 24: was now six years ago, so I guess you know,

1890
01:27:31,920 --> 01:27:34,400
Speaker 24: we'll voters go, okay, sure that that's what happened.

1891
01:27:34,520 --> 01:27:37,160
Speaker 3: Yeah, but actually they still tied to it. Sorry, Chippy

1892
01:27:37,240 --> 01:27:39,160
Speaker 3: still tied to it, and you know it's still yeah,

1893
01:27:39,120 --> 01:27:41,720
Speaker 3: and Jippy still there. And Auckland I think is is

1894
01:27:41,760 --> 01:27:44,840
Speaker 3: still like it can be triggered really easily into feeling

1895
01:27:44,880 --> 01:27:46,720
Speaker 3: quite cross at labor. But I don't know, maybe it is,

1896
01:27:46,800 --> 01:27:48,920
Speaker 3: maybe it maybe maybe it's too long ago, maybe it's

1897
01:27:48,920 --> 01:27:51,519
Speaker 3: too hampfisted. Something Nicholas said to me I thought was

1898
01:27:51,520 --> 01:27:53,679
Speaker 3: really interesting was that they've made a decision at cabinet

1899
01:27:53,720 --> 01:27:55,880
Speaker 3: to do this in August and they've only announced it now,

1900
01:27:55,880 --> 01:27:57,640
Speaker 3: which is six months later. How do we explain a

1901
01:27:57,680 --> 01:27:58,439
Speaker 3: six month delay?

1902
01:27:59,400 --> 01:28:03,519
Speaker 24: Well, that's an other good question. I guess Nicholallis is

1903
01:28:03,680 --> 01:28:08,920
Speaker 24: fronting a economics conference at Waiketo University tomorrow, so I

1904
01:28:08,960 --> 01:28:11,840
Speaker 24: suspect that making this announcement gives it well, I mean,

1905
01:28:11,840 --> 01:28:13,639
Speaker 24: if she thinks this is a good news story, gives

1906
01:28:13,680 --> 01:28:14,639
Speaker 24: us something to talk about.

1907
01:28:14,840 --> 01:28:17,599
Speaker 3: Was it not awkward announcing a COVID inquiry and then

1908
01:28:17,680 --> 01:28:20,400
Speaker 3: going to Waikato University where the former chair of the

1909
01:28:20,400 --> 01:28:23,560
Speaker 3: Reserve Bank, Neil Quickly is still the vice chancellor. That

1910
01:28:22,920 --> 01:28:24,320
Speaker 3: that is awkward?

1911
01:28:24,400 --> 01:28:26,439
Speaker 24: And I note that people from the Reserve Bank are

1912
01:28:26,479 --> 01:28:27,880
Speaker 24: not going to the conference.

1913
01:28:28,840 --> 01:28:32,880
Speaker 3: Wow, all of a sudden, I'm actually interested in what's

1914
01:28:32,880 --> 01:28:33,559
Speaker 3: happening tomorrow.

1915
01:28:33,760 --> 01:28:35,360
Speaker 24: It's going to be it's gonna be good. But you know,

1916
01:28:35,760 --> 01:28:37,960
Speaker 24: I don't know if people looking at this will think

1917
01:28:38,240 --> 01:28:40,400
Speaker 24: that it makes the government look a bit desperate because

1918
01:28:40,439 --> 01:28:42,759
Speaker 24: instead of talking about what it's done over the past

1919
01:28:42,800 --> 01:28:45,720
Speaker 24: three years to get the economy back on track, that

1920
01:28:45,840 --> 01:28:49,080
Speaker 24: they are going to be resorting to attacking not even

1921
01:28:49,160 --> 01:28:52,800
Speaker 24: the previous government, but the Reserve Bank's performance under the

1922
01:28:52,840 --> 01:28:53,639
Speaker 24: previous government.

1923
01:28:54,120 --> 01:28:56,320
Speaker 3: Yeah, I do, I do think. I think you're bang

1924
01:28:56,320 --> 01:28:58,559
Speaker 3: on saying it looks a bit a bit desperate because

1925
01:28:58,640 --> 01:29:00,640
Speaker 3: it you know, we look at the track record of

1926
01:29:00,640 --> 01:29:01,960
Speaker 3: this government in the last two and a half years

1927
01:29:01,960 --> 01:29:03,800
Speaker 3: and it's hardly been you know, it's not been as bad,

1928
01:29:03,800 --> 01:29:06,240
Speaker 3: but it's hardly been that flash. Jenay, thank you really

1929
01:29:06,240 --> 01:29:08,360
Speaker 3: appreciated as always. Are you heading down there tomorrow?

1930
01:29:08,640 --> 01:29:10,280
Speaker 24: I am so stay tuned.

1931
01:29:10,360 --> 01:29:14,960
Speaker 3: Good luck with your keys. Janative Traney, the Herald's Wellington

1932
01:29:14,960 --> 01:29:18,840
Speaker 3: Business editor, seventeen away from seven well Ever to do.

1933
01:29:18,840 --> 01:29:22,680
Speaker 1: With money it matters to you The Business Hour with

1934
01:29:22,880 --> 01:29:26,920
Speaker 1: head the duplicy Allen and Mas Insurance and Investments.

1935
01:29:26,520 --> 01:29:29,800
Speaker 2: Your futures in good hands. News talks that'd be.

1936
01:29:30,120 --> 01:29:32,160
Speaker 3: Here's a little something to keep an eye on. And

1937
01:29:32,200 --> 01:29:34,519
Speaker 3: this is what is going on between ourselves and the

1938
01:29:34,600 --> 01:29:36,479
Speaker 3: UK read the climate change and what we're doing with

1939
01:29:36,520 --> 01:29:39,080
Speaker 3: the climate change, because of course Jacinda's government is all like, well,

1940
01:29:39,160 --> 01:29:41,280
Speaker 3: climate change were coming for it, and then this government

1941
01:29:41,280 --> 01:29:44,200
Speaker 3: has been a lot you know, it's slightly enthusiastic about it,

1942
01:29:44,280 --> 01:29:46,880
Speaker 3: Thank the good Lord. Anyway, it turns out a couple

1943
01:29:46,880 --> 01:29:50,479
Speaker 3: of UK ministers have now raised New Zealand's climate change

1944
01:29:50,520 --> 01:29:54,400
Speaker 3: ambitions with New Zealand ministers. Now you may recall that, yes,

1945
01:29:54,479 --> 01:29:56,720
Speaker 3: we have discussed this in the past, but the impression

1946
01:29:56,760 --> 01:29:59,360
Speaker 3: that we had been given was that UK ministers weren't

1947
01:29:59,400 --> 01:30:01,200
Speaker 3: really all that in it was just being raised at

1948
01:30:01,240 --> 01:30:04,200
Speaker 3: official level, and stuff being raised at official levels Blair,

1949
01:30:04,240 --> 01:30:06,639
Speaker 3: who really cares not that interesting. But now it turns

1950
01:30:06,640 --> 01:30:08,800
Speaker 3: out it is actually the ministers who are raising it.

1951
01:30:09,160 --> 01:30:11,920
Speaker 3: According to newly released documents from the UK Foreign Office,

1952
01:30:12,120 --> 01:30:14,560
Speaker 3: there was a meeting between Climate Minister Simon Watts and

1953
01:30:14,640 --> 01:30:17,759
Speaker 3: the UK Secretary of State for Energy Security Ed Miliband

1954
01:30:17,880 --> 01:30:20,759
Speaker 3: in November, and then there was also a meeting between

1955
01:30:20,800 --> 01:30:23,320
Speaker 3: Winston and the UK Foreign Secretary of at Cooper in

1956
01:30:23,439 --> 01:30:26,880
Speaker 3: October and the Foreign Secretary and curR And in both

1957
01:30:26,880 --> 01:30:28,880
Speaker 3: of these cases appears to have been raised. In the

1958
01:30:28,880 --> 01:30:32,360
Speaker 3: Foreign secretaries case, the Foreign Secretary encouraged New Zealand to

1959
01:30:32,439 --> 01:30:36,879
Speaker 3: raise our NDC ambition and sought clarification on recently announced

1960
01:30:36,920 --> 01:30:41,759
Speaker 3: methane targets. So I'm not flipping out about it. Sometimes

1961
01:30:41,840 --> 01:30:44,320
Speaker 3: they go into meetings and they go, oh, Winston, I

1962
01:30:44,360 --> 01:30:46,759
Speaker 3: just have to raise these things, human rights, climate change.

1963
01:30:46,880 --> 01:30:48,719
Speaker 3: Little you know, they kind of go through a checklist

1964
01:30:48,720 --> 01:30:50,960
Speaker 3: of Yep, we've done it, but just keep an eye

1965
01:30:51,000 --> 01:30:52,879
Speaker 3: on it, just in case it's more than that. Thirteen

1966
01:30:52,880 --> 01:30:57,599
Speaker 3: away from seven Heather dup c Ellen my ps UK correspondence.

1967
01:30:57,000 --> 01:30:59,679
Speaker 15: With us Allo Mike, A very good evening.

1968
01:30:59,680 --> 01:31:02,439
Speaker 3: Health Okay, I'm very well, thank you, So Keir Starmer,

1969
01:31:02,680 --> 01:31:05,320
Speaker 3: is he now in the clear? Well?

1970
01:31:05,360 --> 01:31:07,960
Speaker 15: He says, I will fight on the question is though

1971
01:31:08,000 --> 01:31:10,280
Speaker 15: for how long? He told a meeting of his MPs

1972
01:31:10,320 --> 01:31:13,400
Speaker 15: he was not prepared to stand down. Speaking publicly, he

1973
01:31:13,439 --> 01:31:15,600
Speaker 15: said he would never walk away from the mandate he

1974
01:31:15,720 --> 01:31:18,400
Speaker 15: was given to change the country, but some of his

1975
01:31:18,439 --> 01:31:21,360
Speaker 15: own party are still demanding he goes his Press secretary,

1976
01:31:21,400 --> 01:31:23,519
Speaker 15: of course, and the chief of staff have resigned. The

1977
01:31:23,600 --> 01:31:26,320
Speaker 15: leader of Labour in Scotland still says he should stand

1978
01:31:26,360 --> 01:31:29,360
Speaker 15: down now. It comes as it was revealed former Deputy

1979
01:31:29,360 --> 01:31:32,760
Speaker 15: Prime Minister Angela Rayner has prepared a website as part

1980
01:31:32,800 --> 01:31:35,559
Speaker 15: of a potential leadership challenge, so he's not really out.

1981
01:31:35,400 --> 01:31:35,960
Speaker 7: Of the woods.

1982
01:31:36,120 --> 01:31:38,600
Speaker 15: Starbin now has the backing of his senior ministers, so

1983
01:31:38,920 --> 01:31:41,720
Speaker 15: he should be okay for now. But public support for

1984
01:31:41,760 --> 01:31:44,719
Speaker 15: the Labour Party here he leads is just sixteen percent

1985
01:31:44,760 --> 01:31:47,120
Speaker 15: according to a new poll. That's below all the other

1986
01:31:47,160 --> 01:31:49,840
Speaker 15: major parties. At the rap of course, is Starmer giving

1987
01:31:49,840 --> 01:31:53,160
Speaker 15: Lord Manzerson the job of UK Ambassadors to the United States.

1988
01:31:53,439 --> 01:31:55,480
Speaker 15: That was in spite of knowing he had a relationship

1989
01:31:55,479 --> 01:31:56,360
Speaker 15: with Jeffrey Epstein.

1990
01:31:57,520 --> 01:32:00,080
Speaker 3: Now this website, this's Reyna website. Is there something that

1991
01:32:00,200 --> 01:32:02,800
Speaker 3: she was preparing while this was all kind of bubbling away,

1992
01:32:03,080 --> 01:32:06,479
Speaker 3: or is there something that she's prepared in anticipation of

1993
01:32:06,479 --> 01:32:09,040
Speaker 3: there being another problem for kir Well.

1994
01:32:09,080 --> 01:32:13,959
Speaker 15: Apparently this was being prepared last month and apparently did appear.

1995
01:32:14,800 --> 01:32:17,679
Speaker 15: It has been taken down, and I think she is

1996
01:32:17,720 --> 01:32:20,600
Speaker 15: trying to sort of backtrack and say it wasn't me

1997
01:32:21,040 --> 01:32:22,720
Speaker 15: on one hand, but I think there is a bit

1998
01:32:22,720 --> 01:32:25,439
Speaker 15: of a question over that, really, but I think the

1999
01:32:25,479 --> 01:32:27,360
Speaker 15: whole thing moves forward. In a couple of weeks time,

2000
01:32:27,360 --> 01:32:30,160
Speaker 15: we have a really crucial by election here. Now what

2001
01:32:30,160 --> 01:32:32,519
Speaker 15: we're hearing is that all the polling for that will

2002
01:32:32,560 --> 01:32:35,479
Speaker 15: show that Labor, who should win that seat, actually may

2003
01:32:35,520 --> 01:32:37,439
Speaker 15: come last. And I think that's going to be the

2004
01:32:37,439 --> 01:32:40,400
Speaker 15: next week hurdle for Starmer. If Labor do really, really badly,

2005
01:32:40,439 --> 01:32:43,719
Speaker 15: there there will be calls for him again to do something,

2006
01:32:43,720 --> 01:32:47,000
Speaker 15: to stand down, possibly a leadership challenge. So I think,

2007
01:32:47,040 --> 01:32:48,600
Speaker 15: you know, move forward a couple of weeks. He may

2008
01:32:48,640 --> 01:32:50,920
Speaker 15: be safe for now, but moving forward I think that

2009
01:32:51,000 --> 01:32:52,120
Speaker 15: will all come round again.

2010
01:32:52,240 --> 01:32:55,799
Speaker 3: Yeah, you might be right there. Now the French government

2011
01:32:56,280 --> 01:32:58,679
Speaker 3: wants to tell people to have babies and then expects

2012
01:32:58,680 --> 01:33:00,120
Speaker 3: them to have babies.

2013
01:33:01,080 --> 01:33:01,280
Speaker 4: Yes.

2014
01:33:01,360 --> 01:33:03,960
Speaker 15: Now, the problem is the falling birth rate and fears

2015
01:33:03,960 --> 01:33:05,760
Speaker 15: that it will there will not be enough people in

2016
01:33:05,920 --> 01:33:09,320
Speaker 15: work to fund pensions for older people and services provided

2017
01:33:09,400 --> 01:33:11,720
Speaker 15: by the government. So as a start letter, this will

2018
01:33:11,720 --> 01:33:14,160
Speaker 15: be sent to all twenty nine year old men and women.

2019
01:33:14,240 --> 01:33:16,680
Speaker 15: It's the age when many think of having babies, apparently

2020
01:33:16,880 --> 01:33:19,120
Speaker 15: for the last time, so says the French government. The

2021
01:33:19,160 --> 01:33:21,400
Speaker 15: strategy is part of a sixteen point plan to boost

2022
01:33:21,439 --> 01:33:24,760
Speaker 15: fertility rate in France, while of many Western countries, including

2023
01:33:24,800 --> 01:33:28,160
Speaker 15: the UK, where figures are tumbling, but globally, policies to

2024
01:33:28,160 --> 01:33:31,760
Speaker 15: boost fertility rates have produced limited results. Critics of the

2025
01:33:31,760 --> 01:33:36,000
Speaker 15: French scheme suggest the better housing and maternity provision could

2026
01:33:36,080 --> 01:33:39,800
Speaker 15: be a more effective solution. Now, France's fertility rate is

2027
01:33:39,880 --> 01:33:42,320
Speaker 15: one and a half children per woman, and that's a

2028
01:33:42,360 --> 01:33:45,040
Speaker 15: third less than it needs to be to maintain a

2029
01:33:45,120 --> 01:33:46,120
Speaker 15: stable population.

2030
01:33:46,920 --> 01:33:49,439
Speaker 3: Yep, this is the way it's going. Now, what's the

2031
01:33:49,479 --> 01:33:50,960
Speaker 3: problem with the drones around the prisons.

2032
01:33:52,240 --> 01:33:54,639
Speaker 15: Yeah, well they're looking at a ban on flying drones

2033
01:33:54,640 --> 01:33:57,800
Speaker 15: near some prisons because it was revealed they're being used

2034
01:33:57,840 --> 01:34:00,559
Speaker 15: to take would you believe knives, phones and drugs in

2035
01:34:01,000 --> 01:34:03,800
Speaker 15: An investigation has discovered a massive rise in incidents by

2036
01:34:03,800 --> 01:34:07,559
Speaker 15: specialist gangs. Other anti drome measures will be introduced. There

2037
01:34:07,560 --> 01:34:10,760
Speaker 15: were one thy seven hundred drone incidents in prisons in

2038
01:34:10,800 --> 01:34:14,439
Speaker 15: England and Wales last year, a tenfold rise since twenty twenty.

2039
01:34:14,840 --> 01:34:15,000
Speaker 13: Now.

2040
01:34:15,040 --> 01:34:17,240
Speaker 15: One prison officer in the North of England said there's

2041
01:34:17,240 --> 01:34:20,360
Speaker 15: a machete that was drone flown in by drone. In

2042
01:34:20,400 --> 01:34:23,840
Speaker 15: a new report, the government's independent independence spending watchdog, the

2043
01:34:23,880 --> 01:34:26,719
Speaker 15: National Audit Officers, said the Prison service and the government

2044
01:34:26,800 --> 01:34:30,160
Speaker 15: been too slow to respond. He claimed the maintenance backlogs

2045
01:34:30,160 --> 01:34:34,040
Speaker 15: and poor security like anti drone equipment, is leaving prison vulnerable.

2046
01:34:34,240 --> 01:34:37,519
Speaker 15: Officials say gangs are now specializing using drones to get

2047
01:34:37,560 --> 01:34:41,080
Speaker 15: things in prisons. One prison plans to install drone proof

2048
01:34:41,240 --> 01:34:44,120
Speaker 15: windows to stop what's said to be the constant flow

2049
01:34:44,160 --> 01:34:46,120
Speaker 15: of drugs and weapons being flown in.

2050
01:34:46,360 --> 01:34:49,120
Speaker 3: Wow, that's wild. Hey, thank you very much, Mike, appreciate it.

2051
01:34:49,160 --> 01:34:53,679
Speaker 3: Mike PSUK correspondent. I mean, you know, the French government

2052
01:34:53,920 --> 01:34:57,000
Speaker 3: is backing as good luck, good luck to them because

2053
01:34:57,000 --> 01:34:58,880
Speaker 3: if you if you, I mean, if you haven't had

2054
01:34:58,880 --> 01:35:01,160
Speaker 3: a child, what is a leader going to Oh I

2055
01:35:01,160 --> 01:35:02,960
Speaker 3: hadn't thought about that. I should probably have a child.

2056
01:35:03,240 --> 01:35:05,040
Speaker 3: But it does bring me to a question, right, which

2057
01:35:05,120 --> 01:35:07,280
Speaker 3: is at in New Zealand you have to it's two

2058
01:35:07,320 --> 01:35:09,840
Speaker 3: point one is two point one? The replacement got a

2059
01:35:09,880 --> 01:35:11,680
Speaker 3: two point one children, which really means you've got to

2060
01:35:11,680 --> 01:35:14,680
Speaker 3: have three, right, because you can't have a point one

2061
01:35:14,680 --> 01:35:16,880
Speaker 3: of a child, which brings you to the next question.

2062
01:35:18,520 --> 01:35:21,679
Speaker 3: How much of a punish is three children? Okay? Because

2063
01:35:21,680 --> 01:35:23,320
Speaker 3: one is a punish. Let's be honest about it. You

2064
01:35:23,400 --> 01:35:27,479
Speaker 3: have one and you're like, whoah that, Oh didn't see that.

2065
01:35:27,760 --> 01:35:29,920
Speaker 3: That's not fun, and then you kind of get used

2066
01:35:29,960 --> 01:35:31,479
Speaker 3: to it. Then you have two. Two is not a

2067
01:35:31,520 --> 01:35:34,840
Speaker 3: punish because you're already operating one hundred percent. So if

2068
01:35:34,840 --> 01:35:36,639
Speaker 3: you have a second one, you're just operating one hundred

2069
01:35:36,640 --> 01:35:37,920
Speaker 3: and ten. Like it's not the end of the world,

2070
01:35:37,960 --> 01:35:39,120
Speaker 3: you know what I mean. You're adding a little bit

2071
01:35:39,160 --> 01:35:40,800
Speaker 3: more on. But they can kind of entertain each other,

2072
01:35:40,880 --> 01:35:42,679
Speaker 3: and there's one pairing for each chance you could split

2073
01:35:42,760 --> 01:35:46,960
Speaker 3: the job up. If you go for three, are you are?

2074
01:35:47,000 --> 01:35:47,120
Speaker 15: You?

2075
01:35:47,280 --> 01:35:47,360
Speaker 4: Like?

2076
01:35:47,479 --> 01:35:51,080
Speaker 3: It is two? Like peak family, and that's that's the

2077
01:35:51,080 --> 01:35:52,760
Speaker 3: sweet spot. And if you add a third one in,

2078
01:35:52,960 --> 01:35:55,559
Speaker 3: you are just being an idiot asking for a friend.

2079
01:35:56,040 --> 01:35:58,760
Speaker 3: Because baby number one is a challenge. Baby number two

2080
01:35:58,840 --> 01:36:01,719
Speaker 3: is the most beautiful little thing that you've love baby

2081
01:36:01,800 --> 01:36:03,880
Speaker 3: number one. But baby number two, oh my gosh, what

2082
01:36:03,960 --> 01:36:06,840
Speaker 3: a dream. Slept through the night from three months, just

2083
01:36:06,920 --> 01:36:11,160
Speaker 3: easy going, tolerant, chill as you like, just so good,

2084
01:36:11,320 --> 01:36:14,040
Speaker 3: just so so good. Why would you not go for three?

2085
01:36:14,560 --> 01:36:15,479
Speaker 3: Big mistake or not?

2086
01:36:16,000 --> 01:36:17,880
Speaker 25: Do we need to get an interview on with Tim Wilson.

2087
01:36:17,880 --> 01:36:19,519
Speaker 25: I'm sure, he'd be happy to give some advice on it.

2088
01:36:19,560 --> 01:36:21,719
Speaker 3: Tim has no bloody idea. It was Tim is the father,

2089
01:36:22,560 --> 01:36:25,680
Speaker 3: so he's not carrying them into load. Tim's turning up.

2090
01:36:25,720 --> 01:36:27,160
Speaker 3: He's opening the fridge of the milk is there. He

2091
01:36:27,160 --> 01:36:29,519
Speaker 3: didn't get the milk. The milk just turned up. That's

2092
01:36:29,560 --> 01:36:30,280
Speaker 3: Tim's life.

2093
01:36:30,400 --> 01:36:31,920
Speaker 8: The milk fairy brought it even milk.

2094
01:36:32,120 --> 01:36:32,320
Speaker 6: Yep.

2095
01:36:32,439 --> 01:36:35,160
Speaker 3: So I need mums to tell me is three are

2096
01:36:35,160 --> 01:36:37,799
Speaker 3: punish and a mistake? Eight away from seven?

2097
01:36:39,400 --> 01:36:42,880
Speaker 1: It's the Heather Timplasy Allen Drive Full Show podcast on

2098
01:36:43,080 --> 01:36:45,559
Speaker 1: iHeartRadio powered by newstalg zebby.

2099
01:36:46,439 --> 01:36:49,519
Speaker 3: Oh, this is great crowdsourcing. This is great crowdsourcing. Hither,

2100
01:36:49,560 --> 01:36:51,800
Speaker 3: I had exactly the same experience with the first two

2101
01:36:51,840 --> 01:36:54,200
Speaker 3: as you did. Was asking for a friend or one me?

2102
01:36:54,920 --> 01:36:57,680
Speaker 3: Three was even because boss might be listening. Three was

2103
01:36:57,720 --> 01:37:00,519
Speaker 3: even more of a breeze slipped through from ten two weeks.

2104
01:37:00,560 --> 01:37:02,759
Speaker 3: Ask me about them in their thirties. That's another story.

2105
01:37:02,840 --> 01:37:07,280
Speaker 3: Lord above it. Heather, parent of three here one, OMG two,

2106
01:37:07,439 --> 01:37:09,920
Speaker 3: Now we're busy. What was I complaining about three? Meh,

2107
01:37:10,040 --> 01:37:15,639
Speaker 3: it's already crazy. Wife agrees Heather, don't do it from Hagen,

2108
01:37:17,000 --> 01:37:19,720
Speaker 3: Heather not having children is one of the most environmentally

2109
01:37:19,720 --> 01:37:22,439
Speaker 3: friendly things a person can ever do, says Sam, who

2110
01:37:22,479 --> 01:37:24,920
Speaker 3: clearly has never met me, because that wasn't what.

2111
01:37:25,280 --> 01:37:27,280
Speaker 25: Glad to have your listening to the show, Sam, It's

2112
01:37:27,280 --> 01:37:29,200
Speaker 25: always nice to someone tunes in for the first.

2113
01:37:28,960 --> 01:37:32,000
Speaker 3: One, first time listener who is like, is are there

2114
01:37:32,040 --> 01:37:34,000
Speaker 3: parentple out there who don't care about the environment and

2115
01:37:34,000 --> 01:37:36,639
Speaker 3: the impact of children here? That would be me anyway,

2116
01:37:36,800 --> 01:37:41,479
Speaker 3: So yes, Ants, and you can adjudicate now.

2117
01:37:41,600 --> 01:37:46,120
Speaker 25: Oh, I'm happy to say that I was easily the best.

2118
01:37:46,160 --> 01:37:48,680
Speaker 25: I was a perfect child. I don't understand why my

2119
01:37:48,720 --> 01:37:50,479
Speaker 25: parents went on to have a second or a third,

2120
01:37:50,600 --> 01:37:52,680
Speaker 25: to be honest, but they insisted on doing it, and

2121
01:37:52,720 --> 01:37:53,760
Speaker 25: neither of them were as good.

2122
01:37:54,560 --> 01:37:57,120
Speaker 8: And that's a completely objective look at the situation.

2123
01:37:57,200 --> 01:38:01,080
Speaker 25: Hey, there's a three Lord that to play us out tonight.

2124
01:38:01,600 --> 01:38:03,760
Speaker 25: Of course, she's playing her show in Auckland at Spark

2125
01:38:03,800 --> 01:38:06,320
Speaker 25: Arena tonight. The doors open at seven o'clock, so in

2126
01:38:06,360 --> 01:38:09,439
Speaker 25: about five minutes. Kevin Abstract from Brockhampton. He's the opening act.

2127
01:38:09,479 --> 01:38:10,880
Speaker 25: He's going to be on at about an hour and

2128
01:38:10,920 --> 01:38:13,080
Speaker 25: we're expecting Lord to take the stage at about nine.

2129
01:38:13,479 --> 01:38:15,240
Speaker 25: Christ Gent, you get your turn on Friday at the

2130
01:38:15,280 --> 01:38:19,320
Speaker 25: Wolfbrook Arena. I'm going, Oh, there we go, concert club.

2131
01:38:19,360 --> 01:38:20,760
Speaker 3: Concert club is going to hit the Lord.

2132
01:38:21,000 --> 01:38:22,840
Speaker 8: Oh I can't say what they think that'll be great.

2133
01:38:23,120 --> 01:38:25,120
Speaker 3: Trouble is one of the one of the concert club

2134
01:38:25,160 --> 01:38:27,719
Speaker 3: members who works in a corporate job, has just text

2135
01:38:27,800 --> 01:38:29,519
Speaker 3: us and said, I haven't been able to go home,

2136
01:38:29,560 --> 01:38:31,080
Speaker 3: so I'm coming in my corporate clothes.

2137
01:38:32,080 --> 01:38:34,760
Speaker 8: Oh, good luck with that. The packed spark arena.

2138
01:38:34,560 --> 01:38:38,240
Speaker 3: Talk about yeah, talk about dragging down our coolness factor.

2139
01:38:38,320 --> 01:38:40,240
Speaker 3: Now we're going to have old mumsy with us in

2140
01:38:40,360 --> 01:38:41,200
Speaker 3: mumsy clothes.

2141
01:38:41,640 --> 01:38:44,679
Speaker 8: Oh, just don't spell anything on them far out lords anyway?

2142
01:38:44,960 --> 01:38:47,880
Speaker 3: Oh Lord, did you like that? Anyway? See you tomorrow.

2143
01:38:48,000 --> 01:38:50,080
Speaker 3: Good luck with all of that for me and enjoy

2144
01:38:50,120 --> 01:38:59,880
Speaker 3: the Lord counts and everybody else.

2145
01:39:15,960 --> 01:39:19,120
Speaker 1: For more from Hither Duplessy Allen Drive, listen live to

2146
01:39:19,200 --> 01:39:22,240
Speaker 1: news talks it'd be from four pm weekdays, or follow

2147
01:39:22,280 --> 01:39:24,000
Speaker 1: the podcast on iHeartRadio.