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

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Speaker 2: It's Heather duplicy Ellen drive with one New Zealand let's

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Speaker 2: get connected us talk said.

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Speaker 3: Be Hey, good afternoon, Welcome to the show. Coming up today,

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Speaker 3: We're going to have a chat to former Reserve Bank

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Speaker 3: economist Michael Riddell on the OCR cut and the massive

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Speaker 3: u turn from Adrian or the Drug Foundation on how

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Speaker 3: much of a risk those meth lollies are if you

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Speaker 3: get your hands on one. And a kid has already

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Speaker 3: dropped out of the boot camp trial, So we'll speak

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Speaker 3: to the Children's Minister Karenshaw.

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Speaker 1: Heather duplicylos hey for cut.

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Speaker 3: How good is that there? Three years of rising and

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Speaker 3: high interest rates are now over and we are headed

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Speaker 3: back down again. Reserve Bank has obviously shocked us today

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Speaker 3: by actually doing the sensible thing for once and cutting

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Speaker 3: the official cash rate by twenty five basis points. That

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Speaker 3: means the OCR now sits at five point two five percent.

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Speaker 3: It will not be the end. It looks like we're

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Speaker 3: going to get at least, according to the Reserve Bank's projections,

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Speaker 3: at least another cut before the end of the year,

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Speaker 3: and immediately you're going to see it coming through in

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Speaker 3: your mortgage. Three banks have cut their rates already, just

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Speaker 3: in the last couple of hours Kiwi Bank first, then ASB,

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Speaker 3: and then A and Z. Now, the reason that we

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Speaker 3: are so surprised by this today is because this is

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Speaker 3: a massive turnaround from the Reserve Bank and from what

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Speaker 3: they were telling us they were going to do just

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Speaker 3: three months ago, I mean three months ago. They were

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Speaker 3: talking about the fact that the first time we are

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Speaker 3: getting a cut would be August next year. They were

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Speaker 3: even three months ago talking about potentially hiking the ocr again.

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Speaker 3: So obviously begs the question what happened? And let me

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Speaker 3: tell you, Adrian or God asked that question repeatedly in

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Speaker 3: the press conference today, and he did his level best

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Speaker 3: to pretend this isn't a massive, screeching u turn but

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Speaker 3: it is, obviously, and the clue to why it's happened,

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Speaker 3: even though he didn't want to say it out loud,

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Speaker 3: is basically in the documents that they released along with

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Speaker 3: the decision. The economy is incredibly stuffed. It's way more

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Speaker 3: stuffed than even he thought it was in May because

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Speaker 3: of what he is now seeing go on in the country,

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Speaker 3: business closures, an enormous fallen consumer spending, fewer trucks on

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Speaker 3: the road, which means less economic activity. House price is

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Speaker 3: going backwards again, house sales not picking up, unemployment, and

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Speaker 3: so on. They are now projecting at the Reserve Bank

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Speaker 3: that we are in a recession again. If that's true,

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Speaker 3: and it probably is, that means that's our third recession

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Speaker 3: in two years. Remember how Adrian All tried to engineer

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Speaker 3: a recession, Well he engineered three. By the looks of things.

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Speaker 3: What an absolutely massive price for this country to pay

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Speaker 3: for what he was doing inflating the place away. Now,

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Speaker 3: I don't really feel like getting stuck into Adrian All today.

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Speaker 3: There's plenty of time and reason for us to do that.

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Speaker 3: At some stage. I'm actually going to give him the bouquet, right,

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Speaker 3: I'm going to give him a bouquet, the opposite of

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Speaker 3: what I feel like doing most of the time. In

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Speaker 3: the lead up today, economists were saying Adrian All was

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Speaker 3: not going to cut. He should cut, But he's not

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Speaker 3: going to cut for one reason, because of his ego,

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Speaker 3: because it would be too embarrassing for him to admit

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Speaker 3: what a massive mistake he made just three months ago.

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Speaker 3: So good on him for tucking that ego away and

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Speaker 3: for proving all of us wrong. He took it on

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Speaker 3: the Chiney did the right thing for the country today

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Speaker 3: and most of us and me absolutely included, are grateful

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Speaker 3: that he's done it, and the worst is now over.

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Speaker 3: Heather do for Sea Island is the text number standard

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Speaker 3: text fees apply. Now. A bizarre thing has happened at

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Speaker 3: Health New Zealand. Yesterday management held a meeting which included

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Speaker 3: the Chief Executive, and in this meeting they proposed saving

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Speaker 3: the money that Health New Zealand needs to save by

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Speaker 3: cutting staff, including nearly five hundred doctors and fifteen hundred nurses.

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Speaker 3: Now immediately the Commissioner has stepped in, stopped the plan

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Speaker 3: and given the Chief Executive a massive public bollocking over it.

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Speaker 3: Health New Zealand obviously doesn't want to speak about it today.

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Speaker 3: Des Gorman is Auckland University emeritus professor who's with us.

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Speaker 3: Hey dez Da is on what planet would this be

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Speaker 3: a good idea?

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Speaker 4: Oh A, no planet.

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Speaker 5: I mean the argument that this is some sort of

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Speaker 5: speculative comparison doesn't hold water. There's only two explanations for us.

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Speaker 5: Either one is that.

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Speaker 4: It's a Washington monument type of offering.

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Speaker 5: Or the others is that they were serious about cutting

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Speaker 5: frontline staff.

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Speaker 4: Now they would appear.

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Speaker 5: Looking at it, it's probably more likely the latter, and

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Speaker 5: you'd have to argue that the timing and the nature

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Speaker 5: of this is just egregious and stupid.

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Speaker 3: Yeah, I mean it seems it's the latter, which is

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Speaker 3: they were actually going to do it, because a source

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Speaker 3: has told the media outlet Newsroom it wasn't a mistake.

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Speaker 3: They were planning the cuts and at least one region

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Speaker 3: of the organization had already started making plans to consult

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Speaker 3: and implement the changes. Does that blow your mind?

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Speaker 6: Oh?

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Speaker 4: Absolutely.

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Speaker 5: Look, one area where I disagree with Lester's I think

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Speaker 5: the health system is in crisis. Whether you look at

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Speaker 5: health workforce numbers, that's a crisis, and it's important to

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Speaker 5: recognize it's a crisis either for several reasons. And that

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Speaker 5: is women and men each day go to work and

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Speaker 5: they don't provide the healthcare they think their patients deserve,

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Speaker 5: and they go home at night quite distressed. Now to

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Speaker 5: tell them that this is not a crisis, this is

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Speaker 5: a business as usual, is not to validate their experiences,

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Speaker 5: and I think that's important We do that. The other

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Speaker 5: thing is when you call it a crisis, to come

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Speaker 5: up with business as usual solutions.

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Speaker 4: Yeah, you come up with crisis solutions.

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Speaker 3: And that's basically what we need now. Now, Look, if

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Speaker 3: we take the source of their word, it means that

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Speaker 3: the cuts were planned. I can't see how that could

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Speaker 3: possibly happen without the chief executive, Margie Upper signing off

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Speaker 3: on that.

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Speaker 4: Am I right, Oh, I can't see that either.

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Speaker 5: But clearly the implication is that there's a disconnect between

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Speaker 5: the commissioner and his senior officials. And I think we're

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Speaker 5: seeing that across all of the health portfolios, that the

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Speaker 5: various health ministers are struggling against officials headwinds, and so

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Speaker 5: I think they're all finding it much harder to implication,

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Speaker 5: to introduce changes than they thought they would because of

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Speaker 5: those headwinds.

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Speaker 3: Now, if her idea of how you save the money

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Speaker 3: is to cut doctors and nurses, she's got to go right,

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Speaker 3: because she's not up to the job.

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Speaker 4: Oh look, that's her idea. Absolutely.

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Speaker 5: Look, it's a truism that the best way to save

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Speaker 5: money and health care is not to have health workers

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Speaker 5: and not to have patience.

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Speaker 4: But that's just an abject nonsense.

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Speaker 5: So I think if you've got someone at a time

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Speaker 5: like this proposing I cunt frontline staff, then they're so

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Speaker 5: out of touch with the reality that don't belong in it.

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Speaker 3: Yeah. Now it's obviously easy for us to sit here

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Speaker 3: and say they're doing the wrong thing. What's the right

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Speaker 3: thing to do? Des how do you save this amount

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Speaker 3: of money?

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Speaker 6: Oh?

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Speaker 4: Look, I think Leicester will do that.

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Speaker 5: I think Lester will save the one hundred to thirty

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Speaker 5: nine million a month hemorrhage. The question will be, though,

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Speaker 5: when that hemorrhage has stopped, how do you then transition

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Speaker 5: to a new state where you can start offering more

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Speaker 5: services of higher value that is the best possible outcome

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Speaker 5: at the last possible cost. And I think the focus

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Speaker 5: has to be on primary care either. The big savings

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Speaker 5: will come on primary care.

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Speaker 4: Yeah, not in hospitals.

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Speaker 3: Well you mean, do you mean pump lots of money

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Speaker 3: into primary care in order to save later on down

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Speaker 3: the lone? Is that what you're talking about?

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Speaker 7: Oh?

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Speaker 5: No, I mean we're working with the GPS to develop

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Speaker 5: new business models. Is there's no point going to the

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Speaker 5: GP community and saying this is what you're going to do.

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Speaker 5: They will simply oppose that as they have done for us. Cent,

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Speaker 5: you've got to go to them and say, look, what

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Speaker 5: would it take for us to do to get you

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Speaker 5: to do more, do more after our care, to do

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Speaker 5: home visits, do more critical care in the community. What

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Speaker 5: sort of ecosystem would encourage that sort of behavior.

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Speaker 3: Yeah, it's always good to talk to you. It'd sound well,

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Speaker 3: thank you very much for having a chat to us,

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Speaker 3: Dearz Gorman, Auckland University Emeritus Professor. Very interesting thing is

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Speaker 3: happening in the States at the moment, and I'm going to,

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Speaker 3: by the way, just on the subject. I'm not finished

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Speaker 3: with the health New Zealand think I'm going to come

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Speaker 3: back to it later on. We have more to discuss

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Speaker 3: because this is just monumentally bonkers. But I need to

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Speaker 3: tell you what's going on in the States. Very interesting

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Speaker 3: thing is happening with some documents that have been hacked

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Speaker 3: from the Trump campaign. So there's someone who's calling themselves

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Speaker 3: Robert obviously not their real name, who's managed to get

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Speaker 3: their hands on some Trump campaign internal stuff, probably by hacking,

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Speaker 3: and has given it to media over in the US.

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Speaker 3: None of the media are running these documents. This is Politico,

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Speaker 3: The Washington Post, the New York Times, all the big

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Speaker 3: ones are just not running it. Among what they've been

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Speaker 3: given is a two hundred and seventy one page document

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Speaker 3: which lists all of JD. Vance's potential vulnerabilities as a

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Speaker 3: running mate, which seems to have been put together before

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Speaker 3: Trump picked up. So they've obviously gone through how to look

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Speaker 3: at all the stuff that he's like at risk about

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Speaker 3: put it all in a document, and that's been hacked.

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Speaker 3: Now the media outlets have been sitting on the stuff

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Speaker 3: for weeks and not publishing it because, yeah, it is

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Speaker 3: mildly interesting, but it seems to have come from Iranian hackers.

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Speaker 3: That's where they believe it's coming from. And the hackers

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Speaker 3: have got into Trump's campaign. And while you know, they

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Speaker 3: were very happy in twenty sixteen these media outlets to

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Speaker 3: publish stuff that the Russians were hacking from the Democrats

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Speaker 3: and the Clintons, they've learned a lot since then over

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Speaker 3: there about helping other states to undermine the US democracy

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Speaker 3: this time around that I want to do it. So

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Speaker 3: they've got interesting ish stuff, but they're not going to

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Speaker 3: print it for the sake of American democracy, which actually

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Speaker 3: I have to say I have a bit of respect

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Speaker 3: for so instead, what they're doing is they're just reporting

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Speaker 3: on the fact that there has been a hack itself,

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Speaker 3: and that's about the extent of it at the moment

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Speaker 3: sixteen past four.

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Speaker 2: Digging deeper into the day's headlines, it's Heather Duper Drive

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Speaker 2: with one New zealand one j of Leaf for business

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Speaker 2: us talk as he ordered sport with the new tab

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Speaker 2: app downloaded today bit responsibly.

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Speaker 8: Again, you've replaced me with a commercial. You're going to

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Speaker 8: talk to someone.

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Speaker 3: It's how important you are. We've got a little noise

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Speaker 3: ahead of you. And now I will say, Darcy Watergrave

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Speaker 3: Sports Store coasters with us, Darcy, Okay, we're going to

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Speaker 3: see any changes to the all Black side.

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Speaker 8: We certainly hope so, wouldn't you. I think the mass

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Speaker 8: criticism around this site has been the labored approach at

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Speaker 8: fulkrom It half back by TJ Pettinara. Yes he had

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Speaker 8: a great season, Yes he's a wonderful person, but at

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Speaker 8: the end of the day, the new guards are coming

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Speaker 8: and I don't think that Scott Robertson can mess around

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Speaker 8: too much more with that, and they're going to have

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Speaker 8: to look at someone that can actually set this back

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Speaker 8: line a light. So I think we'll see Corte coming

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Speaker 8: in and maybe even no Holde them on the bench.

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Speaker 8: Although TJ might be used as a backup. His box

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Speaker 8: kicking is inaccurate, his pass is not labored, but he's

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Speaker 8: just not quick enough. He's not letting go that outside back.

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Speaker 8: I wonder as well if sever Reese might end up

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Speaker 8: out and Will Jordan might sink it's okay. But the

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Speaker 8: thing is here is that Will Jordan is such an

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Speaker 8: electric player. They've got to work a way to get

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Speaker 8: him out in there as well. There's also been talk

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Speaker 8: around the lack of bludgeon, if you will, from the

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Speaker 8: loose forward treer and how that operates. I don't think

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Speaker 8: you'll make massive, massive calls. There will be a couple

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Speaker 8: of knee You don't want to throw out the baby

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Speaker 8: with the bark water. But let's look at what's going

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Speaker 8: to happen on Saturday night.

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Speaker 3: Do you think we need to cut Raises just a

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Speaker 3: little bit of slack on this because it feels to

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Speaker 3: me like he's still trying to figure out what.

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Speaker 8: Yeah, and I think don't underestimate what the Argentines brought

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Speaker 8: to the party because they're not a bad team and

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Speaker 8: they've eaten us a couple of times in the last

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Speaker 8: few years. But that was a scatter gun approach. It

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Speaker 8: was a panicked all black side and we want to

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Speaker 8: see the coaching staff and the there's panic by having

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Speaker 8: wholesale changes. No, I don't think they do, but they

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Speaker 8: need to tweak and tous. Look, it's not the end

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Speaker 8: of the world. It will be judged ultimately on World

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Speaker 8: Cup success and it's going to take a while. But

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Speaker 8: they get beaten by Argent Dieter on Saturday, that's the

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Speaker 8: end of that curse for eading back for everybody.

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Speaker 3: There's no way that's going to happen at Eadie.

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Speaker 8: They'll beat them by fifty They'll come back. I reckon.

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Speaker 8: I'd like to see more from Ardie Savia as well.

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Speaker 8: I think you'd be looking back at that performance going

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Speaker 8: on Earth was that that wasn't me? We will see

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Speaker 8: it being dropped up, dropped down a couple of years

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Speaker 8: and accelerated through the Argentine.

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Speaker 3: Isn't as Lisa Carrington not sure she's going to come

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Speaker 3: back in four years.

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Speaker 8: Sounds like she'sa how old is she? Thirty four?

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Speaker 3: Thirty five. Fair enough, so she had the children.

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Speaker 8: Yet reasonably not that I'm aware of.

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Speaker 3: That, then as well, you got to start factoring at it.

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Speaker 8: Those women's magazines and see what are you going to possibly?

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Speaker 8: You know, I don't know what the biological clock is doing.

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Speaker 8: It's none of our business either, but the way she performs.

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Speaker 8: Remember when she decided to come back this time around him,

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Speaker 8: I was like, are you going to destroy your legacy? Ah,

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Speaker 8: you've done so well? Why would you blot your copy book?

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Speaker 8: Hold a beer? It's stunning and so look, not out

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Speaker 8: of the question. Maybe in four years time that she

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Speaker 8: might come here.

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Speaker 3: Yeah, brilliant stuff, Darcy, thank you, has always appreciate it.

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Speaker 3: It's Darcy water Graves Spice.

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Speaker 8: Gregor Paul is going to join us up out seven

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Speaker 8: o'clock to discuss this all black team being named good stuff.

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Speaker 3: Okay, here we're back at seven for Sports Talk four

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Speaker 3: twenty two.

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Speaker 2: Heather due to Cy Ellen cutting through the noise to

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Speaker 2: get the facts. It's Heather Dupericy Ellen drive with One

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Speaker 2: New Zealand. Let's get connected and news talk.

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Speaker 1: As they'd be.

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Speaker 3: Hey, we've got Dan Mitchinson, our US correspondent with us

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Speaker 3: out of the U, obviously out of the US. She's

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Speaker 3: talk about telling you the obvious in about twelve minutes time.

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Speaker 3: Just really quickly. On the Olympians. How amazing are these people?

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Speaker 3: I mean there is like they're obviously physical, we know this, right,

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Speaker 3: They're physically incredible, But in their heads, that is where

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Speaker 3: the real stuff is going on, right, because it's been revealed.

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Speaker 3: Get a load of this that one of the runners

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Speaker 3: in the Paris Olympics marathon, running for Great Britain broke

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Speaker 3: her leg in the marathon and just kept on running

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Speaker 3: and finished it. And it wasn't like she broke her

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Speaker 3: leg towards the end of the marathon. She broke her

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Speaker 3: leg at the three k mark and she still ran

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Speaker 3: to the forty two k mark. Basically, what it was

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Speaker 3: was she had a stiff hip and she was warned,

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Speaker 3: she was warned by the doctors if you run on

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Speaker 3: the stiff hip, you're probably gonna end up doing something.

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Speaker 3: And it absolutely became a stress fracture in her fema.

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Speaker 3: And still, and this is where it's even more amazing.

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Speaker 3: Not only did she do that, but she's still finished

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Speaker 3: in under three hours. I hate her time of two

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Speaker 3: hours fifty one minutes and three seconds in twenty four

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Speaker 3: degrees heat. I mean I would give her a medal

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Speaker 3: for that, wouldn't you? Four twenty six? How amazing is that?

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Speaker 3: Now listen, Adrian or I've got another bouquet for him.

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Speaker 3: I know, the generosity doesn't end. I was expecting that

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Speaker 3: he was gonna get reasonably red faced today and angry

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Speaker 3: because he's gonna get the press conference and they're gonna

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Speaker 3: ask him all the questions about what the hell went

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Speaker 3: wrong for him to flip from predicting a I can

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Speaker 3: made to cutting in August. But actually he held his

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Speaker 3: call and some of the questions were, like, you know,

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Speaker 3: they were on the nose May. You were projecting a

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Speaker 3: cut next year, first cuts next year. Now we're looking

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Speaker 3: at a cut today. What went wrong? Is this like

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Speaker 3: a mistake that you made in May? What happened?

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Speaker 7: I think we explained it extremely well here, and I

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Speaker 7: would hope that you read it because it's the first

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Speaker 7: two paragraphs of the document.

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Speaker 3: Hey, he's keeping his cool. How about that? He is

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Speaker 3: another one.

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Speaker 9: The change in policy is huge. It's almost an entire

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Speaker 9: year early the cuts, and you're doing that solely on

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Speaker 9: what people call second tier data. Previously you've signaled that

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Speaker 9: you need to see actual hard numbers and non tradable

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Speaker 9: inflation and core inflation, and now you're seeming quite happy

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Speaker 9: to move.

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Speaker 7: In May, we didn't have a CPI at three point

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Speaker 7: three percent.

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Speaker 3: And then there was more.

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Speaker 10: And if the goal of monetary policy in this situation

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Speaker 10: is for a soft landing, can you say you've actually

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Speaker 10: delivered that?

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Speaker 7: And I don't know how to answer your other question.

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Speaker 3: I mean, I don't know how to answer your other

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Speaker 3: question from Adrian Or is like that is a very

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Speaker 3: controlled Adrian Or right there? Anyway, they were asking all

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Speaker 3: the right questions because it's a massive flop. He made

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Speaker 3: a huge mistake. Thank god he fixed it today. We'll

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Speaker 3: talk to Michael Riddell after five o'clock about that. Headlines next.

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Speaker 1: Hard Questions, Strong opinion, every Dupercy Ellen drive with one

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Speaker 1: New Zealand let's get connected and used talk as it be.

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Speaker 3: Adrian Or only cut today so he can hit to

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Speaker 3: Jackson Hole in a week or so and tell us

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Speaker 3: mates how grad he is. Oh man, do you know what?

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Speaker 3: Even if that is his reason to go to that

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Speaker 3: little symposium and crow about the fact that he's cutting

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Speaker 3: I don't care, because isn't it good to have a cut.

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Speaker 3: I'm so excited. It's only twenty five basis points, but geez,

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Speaker 3: we're on the way. That's all we need right now.

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Speaker 3: Listen on those meth lollies that went through to the

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Speaker 3: Auckland City Mission, at least three people so far I

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Speaker 3: have needed to get medical attention after eating them. It

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Speaker 3: sounds like a couple of them more kids. And you

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Speaker 3: can kind of understand that because if you chuck meth

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Speaker 3: in your mouth, you know, not speaking from experience, but

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Speaker 3: if you chuck meking meth in your mouth, I feel

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Speaker 3: like for an adult, you're probably gonna have a little

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Speaker 3: bit more. You just got a bigger body, matt, so

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Speaker 3: you're going to cope with it a little bit better

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Speaker 3: than a little one thinking they're sucking on a pineapple lolly.

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Speaker 3: The good news is that these things taste disgusting, so

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Speaker 3: it doesn't sit in that mouth for a long time.

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Speaker 3: Those kids spitting it out really quickly, Thank God. The

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Speaker 3: cops say they are now investigating. They've got a few leads.

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Speaker 3: Few people have been in touch to say they've got

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Speaker 3: the meth lollies as well. They're still not sure how

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Speaker 3: many of them are out there, how widespread, but it

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Speaker 3: does sound like it is not just limited to the

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Speaker 3: Auckland City mission. So I'd be avoiding these little pineapple

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Speaker 3: sweets if I was you. Cops don't know where they've

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Speaker 3: come from or anything like that. Looks like they are

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Speaker 3: one hundred percent meth as well, which means they're actually value. Weirdly,

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Speaker 3: I think I read somewhere that each one of those

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Speaker 3: lollies is about one thousand bucks. So whichever numpty drug

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Speaker 3: dealer accidentally has lost one thousand dollars lollies, I feel

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Speaker 3: like they're not going to have a good time from

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Speaker 3: the Kingpin. What do you think anyway? We're gonna have

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Speaker 3: a chat to the Drug Foundation after ten past five,

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Speaker 3: just get a take on how dangerous these things are.

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Speaker 3: The kids are popping them in their mouths. Twenty three

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Speaker 3: away from five.

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

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Speaker 3: Tim Waltz has made his first solo speech since he

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Speaker 3: joined Karmala Harris's ticket. Tim's opponent, Jade Vance, has been

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Speaker 3: having a go at him for never serving in a

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Speaker 3: combat zone during his military career. Here's how Tim responded.

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Speaker 3: To that at an event in Los Angeles.

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Speaker 11: And I firmly believe you should never denigrate another person's

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Speaker 11: service record anyone brave enough to put on that uniform

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Speaker 11: for our great country, including my opponent. I just have

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Speaker 11: a few simple words, thank you for your service and sacrifice.

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Speaker 3: The Aussie federal opposition wants to close the border completely

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Speaker 3: to any refugees from Gaza. So Peter Dutton, who the

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Speaker 3: opposition leader, says anyone entering Australia from the Gaza Strip

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Speaker 3: is a risk to national security. Elbow, who's the PM,

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Speaker 3: says it's not Peter Dudden's decision to make.

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Speaker 12: Well listen to the security agencies when it comes to

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Speaker 12: national security and the Director General, Mark Burgess, will play

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Speaker 12: a critical role in that. And you know, I say

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Speaker 12: to try to bring people together and not always looking

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Speaker 12: for a wage you're on to divide.

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Speaker 13: And finally, I grew up in a tough neighborhood and

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Speaker 13: we used to say you can get further with a

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Speaker 13: kind word and a gun than you can with just

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Speaker 13: a Caine word.

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Speaker 3: Al Capone's favorite pistol has been acquired by a museum

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Speaker 3: in Las Vegas. It's a cult nineteen eleven forty five

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Speaker 3: semi automatic, and he used to apparently call it Sweetheart.

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Speaker 3: A private collector has given the gun to the Mob Museum.

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Speaker 3: The museum hasn't yet announced when it's going to go

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Speaker 3: on display.

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

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Speaker 2: for New Zealand Business.

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Speaker 3: Jan Mitchinson US correspondents with US Hey, Dan, Hey, Heather, Elon.

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Speaker 3: I mean, where's Elon getting this number from that a

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Speaker 3: billion people tuned in? Is this for real?

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Speaker 14: I don't know. I don't think so, honestly. I mean,

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Speaker 14: there's been so much that he said since this interview

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Speaker 14: first happened, and there's also been some fallout, you know,

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Speaker 14: And I don't even want to call it an interview

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Speaker 14: because it was a conversation. It sounded more like a

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Speaker 14: couple of guys just talking over a beer. And the

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Speaker 14: latest fallout's been from the United Auto Workers Union. They

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Speaker 14: filed the federal labor charges against both Elon Musk and

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Speaker 14: former President Trump because they said they were threatening to

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Speaker 14: intimidate workers who go on strike. And that was part

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Speaker 14: of the conversation that was going on during this thing,

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Speaker 14: because Trump was saying how much he admired Elon Musk

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Speaker 14: and his anti union stands called of the cutter, and

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Speaker 14: Musk was laughing during some of the comments. So the

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Speaker 14: union didn't like what they heard and they filed these

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Speaker 14: charges just a few hours ago, saying this was a

438
00:19:50,240 --> 00:19:51,320
Speaker 14: form of intimidation.

439
00:19:51,960 --> 00:19:54,040
Speaker 3: Has it helped Trump's campaign ale, which is what it

440
00:19:54,080 --> 00:19:54,760
Speaker 3: was supposed to do?

441
00:19:55,280 --> 00:19:56,280
Speaker 14: No, I don't think so.

442
00:19:56,440 --> 00:19:57,000
Speaker 4: I don't think so.

443
00:19:57,040 --> 00:19:59,880
Speaker 14: I mean, Musk said that the goal with his livestream

444
00:20:00,080 --> 00:20:02,040
Speaker 14: to help people understand how Trump talks when it's a

445
00:20:02,040 --> 00:20:05,320
Speaker 14: conversation rather than an interview. He says, nobody's quiet themselves

446
00:20:05,320 --> 00:20:07,680
Speaker 14: in an interview. But I think Trump only knows one

447
00:20:07,680 --> 00:20:10,560
Speaker 14: way of being himself, and that is being Donald Trump.

448
00:20:10,600 --> 00:20:12,520
Speaker 14: And it doesn't matter if it's on social media, if

449
00:20:12,560 --> 00:20:15,440
Speaker 14: it's an interview, it's a conversation or it's a debate.

450
00:20:15,520 --> 00:20:16,199
Speaker 4: He is who he is.

451
00:20:16,400 --> 00:20:18,080
Speaker 3: Yeah too right, Hey, listen, what are the top ten

452
00:20:18,119 --> 00:20:19,399
Speaker 3: causes the death in the US.

453
00:20:20,680 --> 00:20:25,359
Speaker 14: Well, this is interesting. The ten leading causes include kidney

454
00:20:25,359 --> 00:20:28,240
Speaker 14: disease and diabetes. They were in the top ten. Accidents

455
00:20:28,280 --> 00:20:31,240
Speaker 14: and unintentional injuries came in at number three. Cancers number

456
00:20:33,000 --> 00:20:35,760
Speaker 14: let's see, cancer was number two. I was trying. I

457
00:20:35,800 --> 00:20:39,200
Speaker 14: was looking down the list here, heart disease is number one,

458
00:20:39,359 --> 00:20:41,680
Speaker 14: is the top killer in the US. Nearly a quarter

459
00:20:41,720 --> 00:20:44,000
Speaker 14: of all deaths were tied to this, so about one

460
00:20:44,080 --> 00:20:46,040
Speaker 14: hundred and sixty two out of every one hundred thousand

461
00:20:46,040 --> 00:20:48,680
Speaker 14: and that you know, that's compared to the number one

462
00:20:48,720 --> 00:20:51,879
Speaker 14: cause of death in your country, which is cancer and

463
00:20:51,920 --> 00:20:53,479
Speaker 14: then cardiovascular disease.

464
00:20:53,560 --> 00:20:55,720
Speaker 3: But that's because we're not as fat as you.

465
00:20:55,760 --> 00:20:56,120
Speaker 1: No that.

466
00:20:56,160 --> 00:20:57,639
Speaker 14: I was just going to say a lot of this

467
00:20:57,720 --> 00:20:59,159
Speaker 14: has to do with our diet over here. You know,

468
00:20:59,200 --> 00:21:01,360
Speaker 14: the whole bigger is better, which it's not. We move

469
00:21:01,400 --> 00:21:03,439
Speaker 14: around less, we're in front of our TV more and

470
00:21:03,440 --> 00:21:05,080
Speaker 14: we don't get out and enjoy the you know, the

471
00:21:05,080 --> 00:21:07,560
Speaker 14: great outdoors like you have over there.

472
00:21:06,960 --> 00:21:09,960
Speaker 3: You're a Reich. You're not going to die of heart disease,

473
00:21:10,000 --> 00:21:13,080
Speaker 3: are you? Although, actually, Dan, weirdly, that actually puts you

474
00:21:13,160 --> 00:21:14,760
Speaker 3: at greater risk because you don't think you are. So

475
00:21:14,800 --> 00:21:16,159
Speaker 3: you don't get your hot checked. So you need to

476
00:21:16,160 --> 00:21:18,800
Speaker 3: get your hot checked. I'll do that because you're still American.

477
00:21:19,040 --> 00:21:21,480
Speaker 3: Remember that ye still eating this time?

478
00:21:21,560 --> 00:21:22,080
Speaker 14: I still am.

479
00:21:22,280 --> 00:21:23,760
Speaker 3: Hey, listen, what happened to Avon?

480
00:21:24,600 --> 00:21:28,080
Speaker 14: You know this has been hit well basically they have

481
00:21:28,280 --> 00:21:32,359
Speaker 14: just been hit by lawsuit after lawsuit for these talcum

482
00:21:32,400 --> 00:21:35,879
Speaker 14: powder based products that were contaminated with cancer causing substances.

483
00:21:35,920 --> 00:21:40,080
Speaker 14: So they have filed for Chapter eleven bankruptcy. Now operations

484
00:21:40,080 --> 00:21:43,560
Speaker 14: outside of the US are being excluded from this, so

485
00:21:43,640 --> 00:21:45,440
Speaker 14: that means things should be okay over on your side

486
00:21:45,440 --> 00:21:46,879
Speaker 14: of the world for the time being. But the question

487
00:21:47,000 --> 00:21:48,840
Speaker 14: is what does this mean for the two million people

488
00:21:48,880 --> 00:21:51,840
Speaker 14: who sell these cosmetics here? I mean, the CEO is

489
00:21:51,880 --> 00:21:54,600
Speaker 14: doing the spin job you hear when companies go through

490
00:21:54,600 --> 00:21:56,359
Speaker 14: this process saying, you know, it has the support of

491
00:21:56,400 --> 00:21:59,399
Speaker 14: customers and they're moving forward with modernizing their selling model

492
00:21:59,400 --> 00:22:01,679
Speaker 14: and stuff like that. But it's still I mean, this

493
00:22:01,760 --> 00:22:04,280
Speaker 14: is like the makeup giant in the world right now

494
00:22:04,320 --> 00:22:07,240
Speaker 14: in two million people. Is an awful lot to be

495
00:22:07,320 --> 00:22:10,240
Speaker 14: looking for another job. Possibly, Yeah, very good point.

496
00:22:10,280 --> 00:22:12,240
Speaker 3: Actually, Dan, Hey, thank you very much, mate, Really appreciate

497
00:22:12,240 --> 00:22:15,520
Speaker 3: to look after yourself. That's Dan Mitchison, a US correspondent.

498
00:22:15,520 --> 00:22:16,879
Speaker 3: Hang on here, that did I hear you? Right at

499
00:22:16,920 --> 00:22:18,439
Speaker 3: the start of the program, one of the kids has

500
00:22:18,480 --> 00:22:22,119
Speaker 3: quit the boot camp. Isn't it compulsory? Well, this is

501
00:22:22,160 --> 00:22:23,960
Speaker 3: exactly the question that I asked as soon as I

502
00:22:24,040 --> 00:22:26,320
Speaker 3: heard about this. No, it's not compulsory because remember this

503
00:22:26,400 --> 00:22:29,399
Speaker 3: is a trial. So when the trial is over and

504
00:22:29,600 --> 00:22:31,680
Speaker 3: where and we've learned all the lessons that we need

505
00:22:31,720 --> 00:22:34,080
Speaker 3: to and we're actually doing this thing full noise, then

506
00:22:34,119 --> 00:22:36,359
Speaker 3: it becomes compulsory. Then the kids can't opt out and

507
00:22:36,400 --> 00:22:38,840
Speaker 3: they have to complete. However, this young one who's opted

508
00:22:38,880 --> 00:22:40,800
Speaker 3: out is going to be able to complete their sentence

509
00:22:40,840 --> 00:22:44,480
Speaker 3: at another youth justice facility that don't just get to bunk.

510
00:22:44,720 --> 00:22:47,000
Speaker 3: We'll have a chat to Karen sure, the Minister for Children.

511
00:22:47,240 --> 00:22:50,160
Speaker 3: After the half past five years now, there's a weird

512
00:22:50,200 --> 00:22:54,800
Speaker 3: idea in Totranger find I find I feel like we're

513
00:22:54,840 --> 00:22:57,359
Speaker 3: over complicating roads. Have listened to this a case. So

514
00:22:57,920 --> 00:23:00,680
Speaker 3: in Totunger, they've had this problem for a while now

515
00:23:00,720 --> 00:23:02,719
Speaker 3: with a road that the council closed at one end

516
00:23:03,200 --> 00:23:05,159
Speaker 3: in the mornings and the afternoons. I think it was

517
00:23:05,200 --> 00:23:07,920
Speaker 3: to stop rat running, and the residents were really upset

518
00:23:07,920 --> 00:23:09,440
Speaker 3: about it and they were talking to the media about

519
00:23:09,440 --> 00:23:12,640
Speaker 3: it heaps, because obviously it just made their lives more

520
00:23:12,640 --> 00:23:15,600
Speaker 3: complicated having to go around because suddenly the thing is closed. Anyway,

521
00:23:16,040 --> 00:23:18,480
Speaker 3: the council there has decided the best way to deal

522
00:23:18,520 --> 00:23:20,679
Speaker 3: with this is that actually now you can use the

523
00:23:20,680 --> 00:23:22,800
Speaker 3: street any time of day. You can come into the

524
00:23:22,840 --> 00:23:26,000
Speaker 3: street from either end, but you are not allowed to

525
00:23:26,040 --> 00:23:29,679
Speaker 3: come out of the street again for fifteen minutes. So

526
00:23:29,880 --> 00:23:31,560
Speaker 3: and the point of this is obviously that if you

527
00:23:31,640 --> 00:23:34,080
Speaker 3: go in and you're in there for shorter than fifteen minutes,

528
00:23:34,119 --> 00:23:36,520
Speaker 3: you're just driving through. And if you go in and

529
00:23:36,560 --> 00:23:39,440
Speaker 3: you're longer there that longer than fifteen minutes in the street,

530
00:23:39,480 --> 00:23:41,800
Speaker 3: it must mean that you're visiting somebody or you live there.

531
00:23:42,320 --> 00:23:44,600
Speaker 3: If you are shorter than fifteen minutes, if you're just

532
00:23:44,680 --> 00:23:47,520
Speaker 3: driving through, you will get a fine. This is where

533
00:23:47,560 --> 00:23:50,120
Speaker 3: I think it's complicated because now to me coming from

534
00:23:50,119 --> 00:23:51,919
Speaker 3: Auckland going to Todung, I'm gonna be like, look, it's

535
00:23:51,960 --> 00:23:54,560
Speaker 3: a street turn and then oh there's a sign and ah,

536
00:23:54,680 --> 00:23:57,160
Speaker 3: like all the stuff you've never seen before in your life.

537
00:23:57,320 --> 00:23:59,159
Speaker 3: Now you're dealing with this and hard on it. Anyway,

538
00:23:59,440 --> 00:24:02,159
Speaker 3: that area about this. They it just started on the

539
00:24:02,160 --> 00:24:04,040
Speaker 3: first of July, so it's only been going about six

540
00:24:04,080 --> 00:24:06,720
Speaker 3: weeks or something. They've already issued one hundred and twelve fines.

541
00:24:08,000 --> 00:24:10,840
Speaker 3: Imagine how much it would suck though, if you live

542
00:24:10,880 --> 00:24:14,199
Speaker 3: on the street and you get home and then you're like,

543
00:24:14,280 --> 00:24:17,359
Speaker 3: you just get home and you realize, oh bugger, I

544
00:24:17,400 --> 00:24:20,040
Speaker 3: forgot to get the milk. Now you have to down.

545
00:24:20,280 --> 00:24:21,800
Speaker 3: Now you have to start the clock, haven't you. You

546
00:24:21,880 --> 00:24:24,080
Speaker 3: got to sit there for fifteen minutes before you can

547
00:24:24,160 --> 00:24:26,639
Speaker 3: leave again to go get your milk. Either that or

548
00:24:26,680 --> 00:24:28,520
Speaker 3: you're going to have one hundred and fifty five dollars milk,

549
00:24:28,520 --> 00:24:29,879
Speaker 3: aren't you, Because you're gonna have to pay one hundred

550
00:24:29,880 --> 00:24:31,600
Speaker 3: and fifty dollar fine just to be able to go

551
00:24:31,600 --> 00:24:34,080
Speaker 3: get the milk at a convenient time. So that's not awesome.

552
00:24:34,440 --> 00:24:36,480
Speaker 3: That's not awesome. It's also very complicated.

553
00:24:36,720 --> 00:24:40,880
Speaker 2: Barry Soaper's next politics with centrics credit, check your customers

554
00:24:40,920 --> 00:24:42,560
Speaker 2: and get payments, certainty Barry.

555
00:24:42,400 --> 00:24:45,760
Speaker 3: Soaper, Senior Political correspondence with US. Now, hey, Barry, good afternoon.

556
00:24:45,800 --> 00:24:48,720
Speaker 3: Hither the government will be stoked at that official cash

557
00:24:48,800 --> 00:24:49,560
Speaker 3: rate car right?

558
00:24:50,280 --> 00:24:52,439
Speaker 8: Well, yes it will be. I mean they'd be on

559
00:24:52,520 --> 00:24:56,280
Speaker 8: ten to hooks waiting for this, and it's the first

560
00:24:56,359 --> 00:25:01,199
Speaker 8: cut since March twenty twenty, hell of a long time.

561
00:25:02,119 --> 00:25:06,840
Speaker 8: In recent months, economic data shows that inflation is under

562
00:25:06,880 --> 00:25:10,800
Speaker 8: control or coming under control, unemployment is rising, and economic

563
00:25:10,840 --> 00:25:13,879
Speaker 8: growth is stalling, which is the downside to it. But

564
00:25:14,640 --> 00:25:17,399
Speaker 8: both Chris Luxon and Nicola Willis faced the press gallery

565
00:25:17,440 --> 00:25:20,120
Speaker 8: at Parliament a short time ago and the first question

566
00:25:21,040 --> 00:25:24,040
Speaker 8: that was asked of them was they seem to be

567
00:25:24,080 --> 00:25:26,919
Speaker 8: taking all the credit when in fact this was the

568
00:25:27,000 --> 00:25:31,080
Speaker 8: Reserve banks decision. Well, that put them on the front foot, and.

569
00:25:31,040 --> 00:25:33,840
Speaker 15: We've stopped adding costs on businesses that push up prices,

570
00:25:33,880 --> 00:25:36,119
Speaker 15: like the ute tax and the Auckland Regional Fuel Tax

571
00:25:36,520 --> 00:25:40,400
Speaker 15: and landlord taxes like interesteductibility and bright line. We've also

572
00:25:40,440 --> 00:25:43,600
Speaker 15: reduced economic bottlenecks and cut red tape by restoring ninety

573
00:25:43,680 --> 00:25:47,639
Speaker 15: day trials and abolishing mandatory union bargaining and fixing the

574
00:25:47,680 --> 00:25:51,520
Speaker 15: triple CFA and support of that fiscal discipline and economic plan.

575
00:25:51,920 --> 00:25:55,240
Speaker 15: Inflation is now tracking down fast, down to three point

576
00:25:55,280 --> 00:25:58,240
Speaker 15: three percent from seven point three percent, which is the

577
00:25:58,280 --> 00:25:59,600
Speaker 15: lowest in three years.

578
00:26:00,080 --> 00:26:03,000
Speaker 16: The cost of living crisis that New Zealand has endured

579
00:26:03,200 --> 00:26:07,600
Speaker 16: has been characterized by high inflation and high interest rates.

580
00:26:08,160 --> 00:26:14,240
Speaker 16: So today mark's an important milestone and beating both those beasts.

581
00:26:14,680 --> 00:26:17,359
Speaker 8: And the point that Nichola Willis made was that if

582
00:26:17,400 --> 00:26:21,360
Speaker 8: inflation wasn't coming down then they would be blamed for it,

583
00:26:21,440 --> 00:26:25,000
Speaker 8: So you can't win sometimes, can you you know? I

584
00:26:25,040 --> 00:26:28,840
Speaker 8: think they have set the scene when you think of

585
00:26:28,920 --> 00:26:34,200
Speaker 8: the inflation, the way it was fueled by excess borrowing

586
00:26:34,440 --> 00:26:39,080
Speaker 8: and money being shelled out by the last labor government.

587
00:26:39,400 --> 00:26:42,600
Speaker 3: Erry the boot camps are one. What is a fortnight

588
00:26:42,640 --> 00:26:44,520
Speaker 3: in one kid has left? How much longer ago in

589
00:26:44,520 --> 00:26:44,840
Speaker 3: the trial?

590
00:26:45,240 --> 00:26:45,520
Speaker 17: Oh?

591
00:26:45,640 --> 00:26:46,920
Speaker 3: I think it's three months?

592
00:26:46,960 --> 00:26:48,480
Speaker 4: Yes, three months?

593
00:26:48,640 --> 00:26:52,359
Speaker 8: And I thought the Children's Minister Karen Shaw was actually

594
00:26:52,440 --> 00:26:56,480
Speaker 8: quite wise today putting out a statement and admitting that

595
00:26:57,000 --> 00:27:01,600
Speaker 8: one had pulled out and obviously this kid was causing

596
00:27:01,640 --> 00:27:07,960
Speaker 8: trouble for his fellow participants. They say that it was

597
00:27:08,000 --> 00:27:11,920
Speaker 8: in his best interests, his fun, oil's best interests and

598
00:27:11,960 --> 00:27:14,760
Speaker 8: the other participants. Now what does that tell you? Ready?

599
00:27:14,800 --> 00:27:17,600
Speaker 8: Between that line that is that he was obviously a

600
00:27:17,640 --> 00:27:20,960
Speaker 8: stirer and he is better off our destruction. Exactly what

601
00:27:21,040 --> 00:27:24,119
Speaker 8: I love is though, is what they have to get

602
00:27:24,200 --> 00:27:26,919
Speaker 8: up to in the morning, These young people, they have

603
00:27:27,080 --> 00:27:30,520
Speaker 8: to they have a set morning routine, starting with breakfast,

604
00:27:30,760 --> 00:27:35,640
Speaker 8: shower and military style drills. Daily hygiene routines such as

605
00:27:35,720 --> 00:27:40,560
Speaker 8: ensuring their rooms are clean, clothes are ironed, and taking

606
00:27:40,600 --> 00:27:45,040
Speaker 8: pride in their presentation. I think it's fantastic.

607
00:27:44,440 --> 00:27:46,919
Speaker 3: How old are these kids seventeen around seventy?

608
00:27:46,960 --> 00:27:49,760
Speaker 8: Look, I remember being in police cart at Trentham when

609
00:27:49,760 --> 00:27:52,080
Speaker 8: I was around the same age. We had the same

610
00:27:52,119 --> 00:27:54,000
Speaker 8: requirements on us and I'll tell you what, if you

611
00:27:54,000 --> 00:27:56,520
Speaker 8: didn't do it, you get a swift boot up the backside.

612
00:27:56,520 --> 00:27:58,119
Speaker 3: Have you ever picked up an iron before you went

613
00:27:58,160 --> 00:27:58,959
Speaker 3: to police college?

614
00:27:59,000 --> 00:27:59,160
Speaker 4: Oh?

615
00:27:59,240 --> 00:27:59,440
Speaker 17: Yes.

616
00:28:00,280 --> 00:28:01,800
Speaker 3: I just think modern kids won't have.

617
00:28:02,200 --> 00:28:03,760
Speaker 8: Well, they probably don't know.

618
00:28:04,400 --> 00:28:06,359
Speaker 3: And it's not a reflection of whether they're naughty or not.

619
00:28:06,560 --> 00:28:08,760
Speaker 3: I think I just think we spoil a little buggers. Now,

620
00:28:10,480 --> 00:28:13,479
Speaker 3: speaking of which, we're going to start the ironing tomorrow. Okay,

621
00:28:13,560 --> 00:28:17,080
Speaker 3: So Luxeon's off to Australia tomorrow. He has been over

622
00:28:17,119 --> 00:28:18,240
Speaker 3: a few times now, isn't.

623
00:28:18,119 --> 00:28:20,600
Speaker 8: He has been over, but this is his first official visit,

624
00:28:20,720 --> 00:28:23,080
Speaker 8: so you know, they make a big deal of this.

625
00:28:23,160 --> 00:28:28,680
Speaker 8: He'll on Friday go to Canberra after going to Sydney tomorrow,

626
00:28:29,160 --> 00:28:33,600
Speaker 8: and he'll be talking a business essentially in Sydney and

627
00:28:33,640 --> 00:28:36,240
Speaker 8: then going off to have a chat with Albanezi, who

628
00:28:36,280 --> 00:28:38,880
Speaker 8: he says as an old friend. And of course he

629
00:28:38,960 --> 00:28:42,520
Speaker 8: will be speaking slowly and in monosyllabic English.

630
00:28:42,640 --> 00:28:45,480
Speaker 3: I would imagine, although keeping it simple.

631
00:28:45,200 --> 00:28:48,840
Speaker 8: Should take a sign language person over with him, although

632
00:28:48,880 --> 00:28:52,040
Speaker 8: the accents might get confused, as he did. But what

633
00:28:52,200 --> 00:28:54,000
Speaker 8: I want and it's my bug bear, and of course

634
00:28:54,040 --> 00:28:54,800
Speaker 8: it won't happen.

635
00:28:55,320 --> 00:28:59,000
Speaker 3: Is the the vitations to stop. It's not going to happen.

636
00:28:59,320 --> 00:29:02,120
Speaker 8: Well, you know they've come. I was going through the

637
00:29:02,200 --> 00:29:06,120
Speaker 8: crimes that these people have committed. Well over three thousand

638
00:29:06,280 --> 00:29:08,800
Speaker 8: now have come out of Australia. Some of them have

639
00:29:08,920 --> 00:29:13,160
Speaker 8: no association with New Zealand just and seemed to present

640
00:29:13,240 --> 00:29:16,920
Speaker 8: it when she met with Scott Morrison as though the

641
00:29:16,960 --> 00:29:23,000
Speaker 8: situation was about to be basically made more humane. But

642
00:29:23,280 --> 00:29:26,080
Speaker 8: in fact they've tightened up and you've got that fellow

643
00:29:26,120 --> 00:29:30,480
Speaker 8: Peter Dutton. He referred to the deportees you'll remember as trade.

644
00:29:30,600 --> 00:29:33,720
Speaker 3: They are barry, Well, some of them are. I don't

645
00:29:33,760 --> 00:29:34,440
Speaker 3: want them either.

646
00:29:34,760 --> 00:29:37,600
Speaker 8: Well, no, we don't want them. But you know these

647
00:29:37,640 --> 00:29:39,280
Speaker 8: people some of them went there is.

648
00:29:39,520 --> 00:29:41,760
Speaker 3: Can I get that? Many can hardly? Like I tell

649
00:29:41,800 --> 00:29:43,560
Speaker 3: you what, if this was news, if it was New Zealand,

650
00:29:43,680 --> 00:29:45,320
Speaker 3: you'd be wanting to toss No.

651
00:29:45,680 --> 00:29:47,080
Speaker 8: I think we have to. I think you have to

652
00:29:47,080 --> 00:29:51,120
Speaker 8: take some responsibility. Is like a parent taking some responsibility

653
00:29:51,440 --> 00:29:54,720
Speaker 8: for your children. These people were born and brought up

654
00:29:55,040 --> 00:29:57,880
Speaker 8: or not born, but brought up in Australia and learned

655
00:29:57,920 --> 00:29:58,800
Speaker 8: all their bad.

656
00:29:58,680 --> 00:30:00,440
Speaker 3: I'm glad you didn't become a cop because you would

657
00:30:00,440 --> 00:30:03,400
Speaker 3: have been a soft one. Actually, I've got a real champion.

658
00:30:03,400 --> 00:30:04,880
Speaker 8: I would have been the commissioner.

659
00:30:04,480 --> 00:30:08,880
Speaker 3: Then, absolutely you and Andy. I've got a champion heading

660
00:30:08,880 --> 00:30:10,600
Speaker 3: our way. Five oh one deep. Ut, I'll tell you

661
00:30:10,640 --> 00:30:12,920
Speaker 3: about later, Barr. We'll do it probably in the next

662
00:30:12,920 --> 00:30:15,720
Speaker 3: hour or so. Barry so Per, senior political correspondent.

663
00:30:15,880 --> 00:30:20,240
Speaker 2: Putting the tough questions to the newspeakers the mic asking breakfast.

664
00:30:19,760 --> 00:30:22,040
Speaker 18: Tourism stats release, we're reminded yet again of how far

665
00:30:22,120 --> 00:30:23,840
Speaker 18: short of where we need to be we actually are.

666
00:30:23,920 --> 00:30:27,960
Speaker 18: Visitor arrivals are still seventeen percent down on three pandemic levels.

667
00:30:28,000 --> 00:30:30,280
Speaker 18: This is back twenty nineteen. For goodness, like Tourism Holdings

668
00:30:30,280 --> 00:30:32,360
Speaker 18: Incorporated CEO Grant Webster back with us.

669
00:30:32,400 --> 00:30:34,560
Speaker 19: I think part of it is the marketing dollar, right.

670
00:30:34,600 --> 00:30:36,880
Speaker 19: I mean, if you look at tourism Australia and take

671
00:30:36,920 --> 00:30:39,920
Speaker 19: the three big states, they combined have got around eight

672
00:30:40,040 --> 00:30:43,360
Speaker 19: hundred million in spend on a per capita basis. That's

673
00:30:43,480 --> 00:30:45,760
Speaker 19: like fifty percent more than us in New Zealand, and

674
00:30:45,800 --> 00:30:48,640
Speaker 19: we are less than one percent, well less than one

675
00:30:48,680 --> 00:30:51,360
Speaker 19: percent market share and tourism on a global basis, so

676
00:30:51,560 --> 00:30:53,320
Speaker 19: we we've got to be more competitive.

677
00:30:53,680 --> 00:30:56,400
Speaker 18: Back tomorrow at six am, the mic asking breakfast with

678
00:30:56,480 --> 00:30:58,360
Speaker 18: the rain driver of the last news toog.

679
00:30:58,240 --> 00:31:00,720
Speaker 3: ZB either what was the reason that Barry left the

680
00:31:00,720 --> 00:31:07,760
Speaker 3: police college misbehavior? I feel like he might have got

681
00:31:07,800 --> 00:31:10,160
Speaker 3: into a fight with a supervisor. Like when I say fight,

682
00:31:10,240 --> 00:31:12,719
Speaker 3: I don't mean a verbal one, a metaphysical one. I

683
00:31:12,760 --> 00:31:15,000
Speaker 3: think that's what happened. Anyway. He puts it down to

684
00:31:15,000 --> 00:31:18,040
Speaker 3: having an anti authoritarian streak, which, yeah, I think we

685
00:31:18,080 --> 00:31:21,200
Speaker 3: can all see. Hither, this is really the total your thing. Hither,

686
00:31:21,200 --> 00:31:23,320
Speaker 3: they would have to have your address if they send

687
00:31:23,320 --> 00:31:25,360
Speaker 3: you the find, so surely you'd be exonerated because you

688
00:31:25,400 --> 00:31:27,880
Speaker 3: live on that street. Surely that's the case, and surely

689
00:31:27,880 --> 00:31:32,080
Speaker 3: it wouldn't affect the emergency vehicles and the uber eats guys. Otherwise, Like,

690
00:31:32,160 --> 00:31:34,120
Speaker 3: how's this going to work? I'm guessing that you can

691
00:31:34,160 --> 00:31:36,000
Speaker 3: go in one side of the street and out that

692
00:31:36,040 --> 00:31:38,400
Speaker 3: same side, but not the other side. That must be

693
00:31:38,400 --> 00:31:41,120
Speaker 3: how it works. Otherwise it's a total kafuffle. Hey guess

694
00:31:41,160 --> 00:31:44,680
Speaker 3: which council I'm talking about. Guess who did this? A

695
00:31:44,840 --> 00:31:48,360
Speaker 3: council is under fire for buying a bike crack that

696
00:31:48,440 --> 00:31:54,400
Speaker 3: no one uses. They spent eighty four thousand dollars on

697
00:31:54,440 --> 00:31:56,640
Speaker 3: the bike crack. Now I'm looking at buying a bike

698
00:31:56,680 --> 00:32:01,000
Speaker 3: crack because my husband's bikes bike standard snapped off, isn't it.

699
00:32:01,240 --> 00:32:03,600
Speaker 3: And I looked on one atain online as I'm tight,

700
00:32:03,880 --> 00:32:06,080
Speaker 3: so I was like, ooh, geez, fifty dollars for a

701
00:32:06,080 --> 00:32:07,680
Speaker 3: bike crack seems like a lot of money. Ou don't

702
00:32:07,680 --> 00:32:09,160
Speaker 3: they go want to spend that much. I'm gonna wait

703
00:32:09,160 --> 00:32:12,720
Speaker 3: for something to come up cheaper. Eighty four thousand dollars

704
00:32:13,240 --> 00:32:16,280
Speaker 3: blows my mind. So in this particular bike crack, it's

705
00:32:16,360 --> 00:32:18,680
Speaker 3: quite it's quite a nifty one. It's like a massive

706
00:32:18,760 --> 00:32:21,840
Speaker 3: it's like a massive cupboard with glass doors. They have

707
00:32:21,960 --> 00:32:24,560
Speaker 3: twenty four bike spaces you can hang your bike there.

708
00:32:25,480 --> 00:32:28,840
Speaker 3: Every week that bike crackers used two point seven times.

709
00:32:29,920 --> 00:32:33,680
Speaker 3: Twenty four bike cracks available twenty four times every single

710
00:32:33,680 --> 00:32:36,840
Speaker 3: hour of every single day of the whole week, three

711
00:32:36,920 --> 00:32:41,000
Speaker 3: times in a week. Guess which council did that. Wellington

712
00:32:41,000 --> 00:32:43,120
Speaker 3: City Council, of course it was yep, that's who it was.

713
00:32:43,400 --> 00:32:47,400
Speaker 3: So anyway, the chap who is a cyclist who spotted it?

714
00:32:47,400 --> 00:32:49,480
Speaker 3: It's gonna talk to us in twenty minutes time. Michael

715
00:32:49,520 --> 00:32:52,160
Speaker 3: Riddell form a Reserve Bank economist with us next.

716
00:32:52,040 --> 00:32:54,800
Speaker 4: Twenty nights on a pink skyes.

717
00:32:55,640 --> 00:33:03,520
Speaker 1: You taught them to enjoy.

718
00:33:04,400 --> 00:33:07,600
Speaker 2: The only drive show you can trust to ask the questions,

719
00:33:07,680 --> 00:33:11,240
Speaker 2: get the answers by the facts and give the analysis.

720
00:33:11,480 --> 00:33:15,040
Speaker 2: Heather due to clan drive with one New Zealand. Let's

721
00:33:15,080 --> 00:33:17,080
Speaker 2: get connected and news talk as they'd.

722
00:33:16,920 --> 00:33:20,800
Speaker 3: Be good afternoons. So we've got the start of good

723
00:33:20,840 --> 00:33:23,040
Speaker 3: news for the economy. The Reserve Bank has cut the

724
00:33:23,040 --> 00:33:25,800
Speaker 3: official cash rate by twenty five faces points and is

725
00:33:25,920 --> 00:33:28,160
Speaker 3: likely to be at least another cut coming this year.

726
00:33:28,400 --> 00:33:30,960
Speaker 3: Krew we bank ASB and A and z'd immediately announced

727
00:33:30,960 --> 00:33:33,040
Speaker 3: that they were cutting their mortgage rates and response and

728
00:33:33,120 --> 00:33:34,960
Speaker 3: the Finance Minister was celebrating as well.

729
00:33:35,480 --> 00:33:38,680
Speaker 16: After four years, we're the only way for interest rates

730
00:33:38,720 --> 00:33:42,640
Speaker 16: to go was app The Reserve Bank is now forecasting

731
00:33:42,760 --> 00:33:45,480
Speaker 16: an era of interest rate reductions.

732
00:33:45,840 --> 00:33:48,760
Speaker 3: Former Reserve Bank economist Michael Riddella's with me now, have Michael,

733
00:33:50,760 --> 00:33:52,680
Speaker 3: were you surprised to see them actually do the right

734
00:33:52,720 --> 00:33:53,040
Speaker 3: thing and.

735
00:33:53,000 --> 00:33:56,800
Speaker 6: Cut You could never quite tell what an institution that

736
00:33:56,840 --> 00:33:59,080
Speaker 6: flip flops as much as they have. But no, I

737
00:33:59,120 --> 00:34:01,360
Speaker 6: thought they would find me. When you're in a hole,

738
00:34:01,400 --> 00:34:03,800
Speaker 6: you stop digging, And even they learned that lesson, right,

739
00:34:03,840 --> 00:34:04,320
Speaker 6: And what.

740
00:34:04,360 --> 00:34:06,320
Speaker 3: Is the motivator for them? Basically because we're in a

741
00:34:06,360 --> 00:34:07,080
Speaker 3: third recession?

742
00:34:08,320 --> 00:34:10,200
Speaker 6: Yeah, I mean they don't quite use those words. But

743
00:34:10,280 --> 00:34:13,080
Speaker 6: if the economies are proven weaker than they expected to

744
00:34:13,120 --> 00:34:15,560
Speaker 6: get back to their maid monetary policy statement, they were

745
00:34:15,600 --> 00:34:18,640
Speaker 6: expecting to see the economy starting to pick up. If anything,

746
00:34:18,680 --> 00:34:21,600
Speaker 6: it's getting worse. And they highlight a bunch of high

747
00:34:21,600 --> 00:34:24,440
Speaker 6: frequency indicators, business surveys, and those sorts of things that

748
00:34:24,440 --> 00:34:26,080
Speaker 6: are looking really quite bleak at the moment.

749
00:34:26,360 --> 00:34:30,040
Speaker 3: Yeah, interesting press conference today. Adrian Or wouldn't admit that

750
00:34:30,040 --> 00:34:31,800
Speaker 3: he'd made any mistakes. Of course he wouldn't.

751
00:34:32,040 --> 00:34:35,719
Speaker 6: Has he done that, definitely has? I mean, there's a

752
00:34:35,800 --> 00:34:38,719
Speaker 6: really bad lot to the bank to have gone out

753
00:34:38,880 --> 00:34:41,520
Speaker 6: pretty strongly in May on the idea that rates would

754
00:34:41,520 --> 00:34:43,200
Speaker 6: have to stay up for at least a year, they

755
00:34:43,239 --> 00:34:46,879
Speaker 6: might even have to rise somewhat from there to where

756
00:34:46,880 --> 00:34:48,799
Speaker 6: we are today. And it's not as if some big

757
00:34:48,800 --> 00:34:52,200
Speaker 6: event has happened externally. It's just that they badly misread

758
00:34:52,440 --> 00:34:54,560
Speaker 6: of what's going on in the economy, and that's pretty

759
00:34:54,560 --> 00:34:57,080
Speaker 6: inexcusable because they were raising ranks up to the middle

760
00:34:57,120 --> 00:34:59,560
Speaker 6: of last year. Monitory policy works with a lag, It

761
00:34:59,600 --> 00:35:01,800
Speaker 6: takes it year or so. Can when you get in

762
00:35:01,840 --> 00:35:03,520
Speaker 6: respects to a higher level a year or so later,

763
00:35:03,600 --> 00:35:06,040
Speaker 6: you expect to see things looking pretty sick, and pretty

764
00:35:06,040 --> 00:35:09,000
Speaker 6: sick they are. The good news is that means inflation

765
00:35:09,360 --> 00:35:13,200
Speaker 6: is really coming down, and they're now much more confident

766
00:35:13,200 --> 00:35:14,600
Speaker 6: that we're going to get back to the middle of

767
00:35:14,600 --> 00:35:17,280
Speaker 6: the target range, but at quite a price.

768
00:35:17,560 --> 00:35:20,600
Speaker 3: Michael, can you explain how they misread things so badly

769
00:35:20,640 --> 00:35:22,759
Speaker 3: that they've gone from a possible hike in May to

770
00:35:22,840 --> 00:35:24,000
Speaker 3: a cut in August.

771
00:35:25,640 --> 00:35:27,879
Speaker 6: It's hard to do so without being a fly into

772
00:35:27,880 --> 00:35:30,440
Speaker 6: all themed deliberations. But I think they were sort of

773
00:35:30,480 --> 00:35:33,319
Speaker 6: freaked for a bit about by some of the things

774
00:35:33,320 --> 00:35:37,719
Speaker 6: I'm so called non tradable inflation, so particularly rates and

775
00:35:37,880 --> 00:35:41,040
Speaker 6: insurance costs, and neither of those things are things that

776
00:35:41,120 --> 00:35:46,000
Speaker 6: mnutary policy can do much about. And somehow they just

777
00:35:46,040 --> 00:35:49,120
Speaker 6: got rattled and they didn't believe the narrative, they didn't

778
00:35:49,120 --> 00:35:53,680
Speaker 6: believe in their models and a few bits of data

779
00:35:54,320 --> 00:35:57,400
Speaker 6: three months ago just mis led them. And it's a

780
00:35:57,400 --> 00:35:59,360
Speaker 6: week leadership on the part of the Governor and the

781
00:35:59,440 --> 00:36:02,319
Speaker 6: Chief Economy not to have said, look, guys, let's just

782
00:36:02,360 --> 00:36:04,680
Speaker 6: hold the course and see what we get to.

783
00:36:05,280 --> 00:36:07,719
Speaker 3: So what are you picking? Another cut by year's end

784
00:36:07,800 --> 00:36:10,359
Speaker 3: and four and a half percent OCR by mid next year.

785
00:36:11,320 --> 00:36:13,000
Speaker 6: I actually think they lend I having to go further

786
00:36:13,040 --> 00:36:14,840
Speaker 6: than that. If you look at the numbers in their

787
00:36:15,920 --> 00:36:18,960
Speaker 6: martial policy statement, they expect to see growth rebounding quite

788
00:36:19,000 --> 00:36:21,680
Speaker 6: strongly by early next year, and it's just not clear

789
00:36:21,760 --> 00:36:24,200
Speaker 6: how that's going to happen. Fiscal policy is going to

790
00:36:24,200 --> 00:36:26,520
Speaker 6: be quite contractionary. The government's cutting and spending over the

791
00:36:26,520 --> 00:36:29,799
Speaker 6: next couple of years. Intrastrates on their own telling are

792
00:36:29,800 --> 00:36:33,040
Speaker 6: still above what we call neutral, So I wouldn't be

793
00:36:33,080 --> 00:36:35,520
Speaker 6: surprised if for the middle of next year we aren't

794
00:36:35,560 --> 00:36:38,120
Speaker 6: down to three or even two point five percent. Wow,

795
00:36:38,320 --> 00:36:41,960
Speaker 6: consistent with what's happened in previous using cycles over twenty

796
00:36:42,040 --> 00:36:42,520
Speaker 6: thirty years.

797
00:36:42,600 --> 00:36:44,520
Speaker 3: Yeah, that's a massive change, isn't it. Michael, Thank you

798
00:36:44,600 --> 00:36:47,000
Speaker 3: very much for the expertise. Michael Riddelle former Reserve Bank.

799
00:36:46,880 --> 00:36:49,000
Speaker 1: Economist Heather do for ZILA.

800
00:36:49,440 --> 00:36:52,000
Speaker 3: So the meth lollies. The cops are now investigating. Up

801
00:36:52,000 --> 00:36:54,879
Speaker 3: to four hundred people are being urgently contacted. At least

802
00:36:54,920 --> 00:36:57,879
Speaker 3: eight families are known to have been infected affected rather,

803
00:36:57,920 --> 00:37:01,080
Speaker 3: including a child. Three people have sought medical assistance. The

804
00:37:01,440 --> 00:37:05,160
Speaker 3: disguised pineapple flavored lollies were donated by an unknown member

805
00:37:05,200 --> 00:37:07,439
Speaker 3: of the public to the Auckland City Mission.

806
00:37:07,560 --> 00:37:09,160
Speaker 20: Early yesterday afternoon.

807
00:37:09,440 --> 00:37:13,920
Speaker 16: We received an alert of concern by a food parcel

808
00:37:13,960 --> 00:37:18,600
Speaker 16: recipient who said that they had tried funny tasting lollies.

809
00:37:19,160 --> 00:37:23,799
Speaker 3: The Drug Foundation Executive director Sarah Helmers with me. Now, hey, Sarah, hey, here,

810
00:37:24,600 --> 00:37:26,680
Speaker 3: how much meth is in each of these lollies?

811
00:37:27,960 --> 00:37:32,520
Speaker 21: Yeah, very concerningly. The sample we have tested, or samples,

812
00:37:32,560 --> 00:37:36,600
Speaker 21: I should say, we're one hundred percent meth. The lollies

813
00:37:36,719 --> 00:37:41,279
Speaker 21: weighs three grams, so each lolly represents three grams of myth.

814
00:37:41,880 --> 00:37:44,359
Speaker 21: Now three grams of myth. Yet normally, if you were

815
00:37:44,400 --> 00:37:48,080
Speaker 21: going to take it on purpose, you'd be taking fifteen

816
00:37:48,280 --> 00:37:53,880
Speaker 21: ish micrograms, So represents something like three hundred doses in

817
00:37:53,920 --> 00:37:54,560
Speaker 21: each lolly.

818
00:37:54,840 --> 00:37:57,200
Speaker 3: Okay, is that enough for even an adult if you

819
00:37:57,239 --> 00:37:59,680
Speaker 3: were to consume the whole thing to overdose fat?

820
00:38:00,840 --> 00:38:01,040
Speaker 8: Yeah?

821
00:38:01,280 --> 00:38:02,480
Speaker 21: Lethal, Most likely.

822
00:38:02,840 --> 00:38:04,680
Speaker 3: Okay, well, you're obviously not going to consume the whole

823
00:38:04,680 --> 00:38:07,399
Speaker 3: thing because it tastes really, really awful. So if you're

824
00:38:07,400 --> 00:38:09,400
Speaker 3: just having a suck of it before you realize that

825
00:38:09,520 --> 00:38:11,560
Speaker 3: something's wrong with it, how much trouble are you in?

826
00:38:13,600 --> 00:38:16,279
Speaker 21: It could be still a range of effects, so you're

827
00:38:16,440 --> 00:38:20,319
Speaker 21: likely to still feel an effect, possibly still needing to

828
00:38:20,360 --> 00:38:25,000
Speaker 21: seek medical attention. So we're rarely urging anyone who knows

829
00:38:25,040 --> 00:38:28,040
Speaker 21: anyone that's received a City Mission package to get in

830
00:38:28,120 --> 00:38:32,880
Speaker 21: touch with them that might have one in their possession

831
00:38:33,560 --> 00:38:36,880
Speaker 21: or have taken something, to seek help immediately.

832
00:38:37,040 --> 00:38:40,640
Speaker 3: Don't wait, Yeah, is this a drug delivery gone bad?

833
00:38:41,920 --> 00:38:46,360
Speaker 21: Look, we've made a few guesses about what it is,

834
00:38:46,560 --> 00:38:49,279
Speaker 21: so it's worth a lot of money. So we don't

835
00:38:49,320 --> 00:38:53,160
Speaker 21: think anyone would have done it on purpose, or at

836
00:38:53,239 --> 00:38:58,160
Speaker 21: least donated it on purpose. Obviously the packaging is very intentional.

837
00:38:58,840 --> 00:39:03,480
Speaker 21: It's quite normal for drug smuggling to occur in food

838
00:39:03,600 --> 00:39:07,719
Speaker 21: products or in food packaging. It's happened here before, and

839
00:39:07,760 --> 00:39:11,120
Speaker 21: certainly in terms of lollies, it's happened internationally. So we

840
00:39:11,200 --> 00:39:14,040
Speaker 21: think that something has gone awry and somebody's ended up

841
00:39:14,080 --> 00:39:18,200
Speaker 21: thinking we're holding a bag of lollies. But anyway, we

842
00:39:18,320 --> 00:39:22,520
Speaker 21: really don't know until further investigation is carried out. We've

843
00:39:22,560 --> 00:39:27,600
Speaker 21: been quite focused on testing that sample, making sure that

844
00:39:27,640 --> 00:39:30,600
Speaker 21: the people who need to know in terms of like

845
00:39:30,640 --> 00:39:34,200
Speaker 21: the poison line etc. Are informed, and then today we've

846
00:39:34,280 --> 00:39:38,360
Speaker 21: spent much of the day contacting other frontline organizations to

847
00:39:38,480 --> 00:39:40,680
Speaker 21: check what's going on for them.

848
00:39:41,000 --> 00:39:42,759
Speaker 3: Good stuff, Sarah, thank you very much for talking out,

849
00:39:42,760 --> 00:39:45,480
Speaker 3: Sir at Sarah Holm, the New Zealand Drug Foundation executive director.

850
00:39:46,160 --> 00:39:46,799
Speaker 1: Here the dup.

851
00:39:47,280 --> 00:39:49,719
Speaker 3: Let's talk about that extraordinary expense of bike rack in

852
00:39:49,760 --> 00:39:51,719
Speaker 3: Wellington very shortly. But I've got some good news for

853
00:39:51,760 --> 00:39:53,399
Speaker 3: you if you have an electric vehicle or you want

854
00:39:53,400 --> 00:39:56,719
Speaker 3: to buy an electric vehicle. According to BMI Research, which

855
00:39:56,760 --> 00:39:59,160
Speaker 3: is a market analysis firm that's owned by Fitch, the

856
00:39:59,239 --> 00:40:02,080
Speaker 3: rating agency, it's not looking good this year, right, So

857
00:40:02,160 --> 00:40:04,120
Speaker 3: sales are going to keep falling for the evs and

858
00:40:04,200 --> 00:40:08,759
Speaker 3: it's down to like eleventh, like lower than fewer than

859
00:40:08,800 --> 00:40:11,880
Speaker 3: eleven thousand sales this year. Now, compare that to twenty

860
00:40:11,920 --> 00:40:15,680
Speaker 3: three thousand sales and twenty two and thirty thousand sales

861
00:40:15,760 --> 00:40:18,360
Speaker 3: last year. Eleven thousand fewer than that is not a

862
00:40:18,400 --> 00:40:20,960
Speaker 3: good look, right, It's not a lot plug in hybrids. Also,

863
00:40:21,040 --> 00:40:23,319
Speaker 3: they were nine thousand sales last year down to three

864
00:40:23,320 --> 00:40:25,960
Speaker 3: and a half thousand sales this year. But next year

865
00:40:26,000 --> 00:40:29,280
Speaker 3: it starts to pick up. These guys at BMI Research

866
00:40:29,320 --> 00:40:31,800
Speaker 3: reckon the EV sales will grow by fifty five percent

867
00:40:31,880 --> 00:40:35,320
Speaker 3: year on year, and the reason for that is Chinese

868
00:40:35,320 --> 00:40:39,400
Speaker 3: made evs because they're cheap and they're really good. And

869
00:40:39,440 --> 00:40:41,680
Speaker 3: for that reason, people are going to start having confidence again.

870
00:40:41,880 --> 00:40:43,960
Speaker 3: Quarter past Hey, going at a snail's pace on the

871
00:40:44,000 --> 00:40:46,880
Speaker 3: motorway is pretty frustrating for most of us, right, but

872
00:40:47,280 --> 00:40:49,600
Speaker 3: if you think glass half full for a moment, if

873
00:40:49,640 --> 00:40:51,480
Speaker 3: you're a business with graphics on your vehicle, it can

874
00:40:51,480 --> 00:40:54,920
Speaker 3: actually be a really good thing. Speedy Signs New Zealand's

875
00:40:55,040 --> 00:40:57,440
Speaker 3: biggest national signage company, so that when you've got a

876
00:40:57,520 --> 00:41:00,000
Speaker 3: good signage on your vehicle, your brand is always out there.

877
00:41:00,320 --> 00:41:03,400
Speaker 3: Your car or your truck literally becomes a mobile billboard,

878
00:41:03,400 --> 00:41:05,200
Speaker 3: which is especially good if you get round town a

879
00:41:05,239 --> 00:41:08,160
Speaker 3: bit right and if you need to do some targeted advertising,

880
00:41:08,560 --> 00:41:10,800
Speaker 3: let's say you're opening a new store or you're holding

881
00:41:10,840 --> 00:41:13,279
Speaker 3: an event, having your sign written vehicle seen in the

882
00:41:13,320 --> 00:41:16,160
Speaker 3: area creates great awareness and just a fair bit of

883
00:41:16,200 --> 00:41:19,120
Speaker 3: Buzz as well. Now being a national signage company, Speedy

884
00:41:19,160 --> 00:41:21,440
Speaker 3: Signs can take care of your entire affleet of vehicles

885
00:41:21,480 --> 00:41:23,880
Speaker 3: no matter where in the country. They are from simple

886
00:41:23,920 --> 00:41:27,160
Speaker 3: but clear contact details on the doors to full graphic

887
00:41:27,160 --> 00:41:30,080
Speaker 3: wraps covering every panel. It is no problem for Speedy Signs,

888
00:41:30,080 --> 00:41:32,520
Speaker 3: so give them a call on eight hundred Speedy or

889
00:41:32,560 --> 00:41:34,560
Speaker 3: go to Speedy Signs dot Co dot Nz.

890
00:41:35,160 --> 00:41:36,640
Speaker 1: Together do for Sea Allen.

891
00:41:36,760 --> 00:41:40,080
Speaker 3: It's eighteen past five. Talk to Karen Saw the Children's

892
00:41:40,080 --> 00:41:43,399
Speaker 3: Minister shortly in about seventeen minutes about that kid who's

893
00:41:43,400 --> 00:41:46,480
Speaker 3: decided not to do the boot camp anymore. But Wellington,

894
00:41:47,280 --> 00:41:49,960
Speaker 3: Wellington City Council is coppying it, yes again for spending

895
00:41:49,960 --> 00:41:52,200
Speaker 3: too much money on something people don't need. It's eighty

896
00:41:52,200 --> 00:41:54,640
Speaker 3: four thousand dollars they've spent on a bike crack that

897
00:41:54,760 --> 00:41:58,040
Speaker 3: hardly anyone's using. They've put this thing outside Freiburg Pool

898
00:41:58,040 --> 00:42:00,560
Speaker 3: and Oriental Bay. It's been there since last year and

899
00:42:00,640 --> 00:42:02,840
Speaker 3: even though it can fit twenty four bikes at a time,

900
00:42:03,080 --> 00:42:06,680
Speaker 3: on average only two point seven bikes are using the

901
00:42:06,719 --> 00:42:09,959
Speaker 3: thing every week now. Richard Martin is a long time

902
00:42:10,000 --> 00:42:12,920
Speaker 3: Wellington cyclist. It did some detective work when he noticed

903
00:42:12,960 --> 00:42:14,759
Speaker 3: the mostly empty rack and he's with us now, I

904
00:42:14,840 --> 00:42:18,040
Speaker 3: am Richard, Hello, why do you decide to look into it?

905
00:42:19,560 --> 00:42:21,600
Speaker 22: Of course I've walked past it so often and don't

906
00:42:21,600 --> 00:42:24,319
Speaker 22: see anything in it. It's a very fancy bike rack.

907
00:42:24,960 --> 00:42:26,839
Speaker 22: It's a Rolls Royce bike rack, and I thought, well,

908
00:42:26,840 --> 00:42:29,359
Speaker 22: I have to spend that much money on it. Why

909
00:42:29,400 --> 00:42:30,200
Speaker 22: isn't it being used?

910
00:42:30,360 --> 00:42:31,600
Speaker 3: Why do you think no one's using it?

911
00:42:33,160 --> 00:42:35,960
Speaker 22: I don't think there's a need for it, Frankly, I

912
00:42:35,960 --> 00:42:38,759
Speaker 22: think that places out the front of the fro Boot

913
00:42:38,800 --> 00:42:41,880
Speaker 22: pool to put your bikes. There's other racks on the

914
00:42:41,880 --> 00:42:45,279
Speaker 22: footpath outside the pool, and they're often.

915
00:42:45,040 --> 00:42:47,000
Speaker 6: Not for Richid.

916
00:42:47,040 --> 00:42:49,440
Speaker 3: Can you explain something to me because but looking at

917
00:42:49,480 --> 00:42:51,400
Speaker 3: it in the photographs it looks like you have to

918
00:42:51,400 --> 00:42:53,719
Speaker 3: sort of hoist your bike up to be able to

919
00:42:53,719 --> 00:42:55,440
Speaker 3: put it in there. Is that how it works?

920
00:42:55,880 --> 00:42:59,319
Speaker 22: Well, it's yes, it's quite a expensive because it's quite

921
00:42:59,320 --> 00:43:02,160
Speaker 22: a smart of engineering. It's all spring loaded, so you

922
00:43:02,280 --> 00:43:04,879
Speaker 22: pull the racks out and they're spring loaded, You pull

923
00:43:04,920 --> 00:43:06,600
Speaker 22: it down, you put your bike in, it goes back

924
00:43:06,680 --> 00:43:10,800
Speaker 22: up again. You know, I'm thinking that they could have

925
00:43:10,880 --> 00:43:13,600
Speaker 22: used two inch galvanized pipe. Been in the U shape

926
00:43:13,920 --> 00:43:15,960
Speaker 22: and put on the ground with a bit of concrete

927
00:43:16,239 --> 00:43:19,560
Speaker 22: for the same number of racks for five grand, not

928
00:43:19,640 --> 00:43:20,400
Speaker 22: eighty four grand.

929
00:43:20,920 --> 00:43:23,080
Speaker 3: They reckon at the council that the problem is that

930
00:43:23,120 --> 00:43:25,319
Speaker 3: you've busted them in the middle of winter, right, and

931
00:43:25,360 --> 00:43:27,520
Speaker 3: nobody really wants to cycle in winter. But come some

932
00:43:27,640 --> 00:43:29,600
Speaker 3: of the things going to be full. What do you reckon?

933
00:43:30,640 --> 00:43:34,319
Speaker 22: Well, I think that's that's a rare hearing. The other

934
00:43:34,400 --> 00:43:37,480
Speaker 22: day it was a lovely weekend summer's day in Winton

935
00:43:37,560 --> 00:43:40,000
Speaker 22: they do happen, and there were lots of people walking

936
00:43:40,040 --> 00:43:42,360
Speaker 22: up and down the parade, bikes everywhere, and it was

937
00:43:42,400 --> 00:43:42,960
Speaker 22: still empty.

938
00:43:43,920 --> 00:43:46,360
Speaker 3: Yeah, waste of money, I Richard, it's a passy that

939
00:43:46,360 --> 00:43:47,520
Speaker 3: they waste your money like this.

940
00:43:49,160 --> 00:43:53,080
Speaker 22: Well, I mean we're facing seventeen percent rate rises and

941
00:43:53,120 --> 00:43:56,000
Speaker 22: we're also being told that, you know, you may have

942
00:43:56,040 --> 00:44:00,440
Speaker 22: to conserve water next summer for goversta pipesortly and the

943
00:44:00,640 --> 00:44:03,600
Speaker 22: council go and spend eighty four grand. I'm not sure

944
00:44:03,600 --> 00:44:05,080
Speaker 22: they use that money to fix for leaks.

945
00:44:05,640 --> 00:44:05,879
Speaker 6: Yep.

946
00:44:05,960 --> 00:44:07,480
Speaker 3: Yeah, you should be on council, you should be the

947
00:44:07,520 --> 00:44:09,200
Speaker 3: mayor actually with such common sense, Richard.

948
00:44:09,239 --> 00:44:09,480
Speaker 6: Thank you.

949
00:44:09,600 --> 00:44:13,880
Speaker 3: Richard Martin, longtime Wellington cyclist jeez Wellington, Yeah, I doesn't

950
00:44:13,920 --> 00:44:16,440
Speaker 3: get yact together here the don't you just love Jenny

951
00:44:16,480 --> 00:44:18,680
Speaker 3: Ruth's questions to Adrian or in the press conference it

952
00:44:18,719 --> 00:44:22,399
Speaker 3: was great Tally Connell spotted what I spotted. Adrian kept

953
00:44:22,480 --> 00:44:25,600
Speaker 3: us cool for the most part, but there was one

954
00:44:25,680 --> 00:44:28,920
Speaker 3: journal who just got under his scanna. I'll play you

955
00:44:28,960 --> 00:44:30,840
Speaker 3: that exchange. Hopefully I can do it before the headlines

956
00:44:30,880 --> 00:44:32,320
Speaker 3: actually stand. By five twenty.

957
00:44:32,120 --> 00:44:36,439
Speaker 2: One, Digging deeper into the day's headlines, it's Heather duper

958
00:44:36,520 --> 00:44:40,120
Speaker 2: c Allen drive with one New Zealand let's get connected

959
00:44:40,160 --> 00:44:40,800
Speaker 2: and news dogs.

960
00:44:40,840 --> 00:44:43,360
Speaker 3: That'd be theory on the meth lollies hither. I'm guessing

961
00:44:43,400 --> 00:44:45,400
Speaker 3: the myth suites were meant to go to a dealer

962
00:44:45,400 --> 00:44:48,120
Speaker 3: who's at the City Mission. What a great distribution center

963
00:44:48,160 --> 00:44:50,040
Speaker 3: for myth must have been given to the wrong person.

964
00:44:50,239 --> 00:44:53,319
Speaker 3: Perfectly plausible explanation for it seems like the most likely one,

965
00:44:53,360 --> 00:44:57,319
Speaker 3: isn't it. Five twenty four Listen, I wholeheartedly agree with

966
00:44:57,360 --> 00:44:59,400
Speaker 3: what des Gorman said at the start of the program.

967
00:44:59,440 --> 00:45:02,120
Speaker 3: The Boss of Health New Zealand needs to go her job.

968
00:45:02,200 --> 00:45:04,520
Speaker 3: I do not think as tenable any longer. After the

969
00:45:04,520 --> 00:45:07,080
Speaker 3: stunt that was pulled yesterday. Now the stunt is where

970
00:45:07,120 --> 00:45:10,720
Speaker 3: her management team gave a presentation to other staff proposing

971
00:45:10,800 --> 00:45:12,959
Speaker 3: that the way that Health New Zealand needs to save

972
00:45:13,000 --> 00:45:15,400
Speaker 3: all this money that it needs to save is to

973
00:45:15,400 --> 00:45:20,080
Speaker 3: cut nearly five hundred doctors and nearly fifteen hundred nurses.

974
00:45:21,120 --> 00:45:23,680
Speaker 3: It doesn't look like Margie up of the Chief Executive

975
00:45:23,680 --> 00:45:26,279
Speaker 3: complete ignorance or innocence on this one, because, according to

976
00:45:26,320 --> 00:45:28,600
Speaker 3: a source who's spoken to the media outlet Newsroom, who

977
00:45:28,600 --> 00:45:31,320
Speaker 3: seemed to be the most informed on this particular issue,

978
00:45:31,440 --> 00:45:35,640
Speaker 3: the presentation wasn't actually a stunt. Those cuts were really planned,

979
00:45:35,640 --> 00:45:38,799
Speaker 3: like this was really really going to happen, and at

980
00:45:38,880 --> 00:45:41,799
Speaker 3: least one region of the organization had already started making

981
00:45:41,880 --> 00:45:44,880
Speaker 3: plans to consult and implement the changes. Now, it is

982
00:45:44,920 --> 00:45:49,600
Speaker 3: hard to imagine a region in the organization starting to

983
00:45:49,600 --> 00:45:53,400
Speaker 3: cut doctors and nurses without the CEO signing off on it.

984
00:45:53,400 --> 00:45:55,839
Speaker 3: It is impossible then, to have confidence in her as

985
00:45:55,840 --> 00:45:58,000
Speaker 3: the boss of Health New Zealand if she genuinely believes

986
00:45:58,000 --> 00:45:59,960
Speaker 3: it the way to save money is to cut doctors

987
00:46:00,239 --> 00:46:02,680
Speaker 3: nurses in a health system that already doesn't have doctors

988
00:46:02,719 --> 00:46:04,520
Speaker 3: and nurses. Can you really trust her to run this

989
00:46:04,560 --> 00:46:08,920
Speaker 3: place properly. Frankly, even before what happened yesterday, she was

990
00:46:08,960 --> 00:46:11,040
Speaker 3: on thin ice because the way that she was running

991
00:46:11,040 --> 00:46:13,440
Speaker 3: the place, it has been blowing its budget by one

992
00:46:13,480 --> 00:46:17,160
Speaker 3: hundred and thirty million dollars every month for five months.

993
00:46:17,719 --> 00:46:21,319
Speaker 3: That's not competence, that's unbelievable. I think she's gone, by

994
00:46:21,320 --> 00:46:24,320
Speaker 3: the way. I don't think that I'm sitting here telling

995
00:46:24,320 --> 00:46:26,359
Speaker 3: you something that I'm just guessing at. I think she's gone.

996
00:46:26,400 --> 00:46:28,120
Speaker 3: And I base that on the fact that the new

997
00:46:28,120 --> 00:46:31,560
Speaker 3: Health Commissioner, Lester Levy is not expressing full confidence in her.

998
00:46:31,600 --> 00:46:33,439
Speaker 3: He's failed to do that a couple of times now.

999
00:46:33,760 --> 00:46:35,759
Speaker 3: And also he's gone public with the fact that he's

1000
00:46:35,800 --> 00:46:38,719
Speaker 3: called her about what happened yesterday, and he's made it

1001
00:46:38,840 --> 00:46:42,839
Speaker 3: very clear this is unacceptable his word, unacceptable quote and

1002
00:46:43,040 --> 00:46:45,959
Speaker 3: is not to ever be repeated. And then he says

1003
00:46:45,960 --> 00:46:49,799
Speaker 3: he told the Minister's office there will be consequences. My

1004
00:46:50,000 --> 00:46:53,000
Speaker 3: guess is the consequence is that she's gone, and it's

1005
00:46:53,000 --> 00:46:54,839
Speaker 3: only a matter of time for them to just sort

1006
00:46:54,880 --> 00:46:57,239
Speaker 3: out the paperwork and how we get her out the door.

1007
00:46:57,400 --> 00:46:59,239
Speaker 3: And frankly, given how this place has been run and

1008
00:46:59,280 --> 00:47:02,160
Speaker 3: the nutside for how they were going to save money.

1009
00:47:02,400 --> 00:47:04,640
Speaker 3: I think Marjorie Upper leaving Health New Zealand may well

1010
00:47:04,680 --> 00:47:09,799
Speaker 3: be the best outcome ever. All right, one reporter does

1011
00:47:09,840 --> 00:47:12,320
Speaker 3: get under Adrian or his skin. He holds it together,

1012
00:47:12,360 --> 00:47:14,400
Speaker 3: but you can hear it. This is Jenny Ruth, the

1013
00:47:14,520 --> 00:47:16,960
Speaker 3: veteran business reporter today in the press conference.

1014
00:47:17,600 --> 00:47:18,960
Speaker 9: That's a huge change.

1015
00:47:19,000 --> 00:47:22,680
Speaker 1: I mean it begs some sort of explanation.

1016
00:47:22,920 --> 00:47:25,040
Speaker 3: So what she's looking for is an explanation for how

1017
00:47:25,080 --> 00:47:26,960
Speaker 3: he goes from in May telling us we're going to

1018
00:47:26,960 --> 00:47:29,520
Speaker 3: get a hike to then cutting this month. He makes

1019
00:47:29,520 --> 00:47:30,760
Speaker 3: a fist of answering the question.

1020
00:47:31,320 --> 00:47:33,919
Speaker 7: Well it does. There's a forty two page explanation here

1021
00:47:33,960 --> 00:47:36,279
Speaker 7: and I invite people to read it. And no, it's

1022
00:47:36,320 --> 00:47:39,600
Speaker 7: not a huge change, a change of where you have

1023
00:47:39,920 --> 00:47:43,560
Speaker 7: what one hundred and fifty basis points.

1024
00:47:43,880 --> 00:47:45,719
Speaker 3: Yes, it's a huge change, but that's all he's going

1025
00:47:45,760 --> 00:47:47,720
Speaker 3: to give her. And she goes to ask another question

1026
00:47:47,800 --> 00:47:48,600
Speaker 3: and he's not having it.

1027
00:47:48,800 --> 00:47:51,520
Speaker 7: If we move on, please, you need to understand the indogen.

1028
00:47:51,560 --> 00:47:54,120
Speaker 2: Agor got something like.

1029
00:47:54,200 --> 00:47:56,920
Speaker 3: Three or four questions. I've only had a chance to

1030
00:47:57,040 --> 00:48:02,799
Speaker 3: us one. Sorry, you need to understand the indogeneity. That's

1031
00:48:02,800 --> 00:48:05,120
Speaker 3: why I always try to resolve my arguments like that

1032
00:48:05,160 --> 00:48:08,400
Speaker 3: with my husband. You need to understand the indogeneity, don't you.

1033
00:48:09,200 --> 00:48:11,480
Speaker 3: Why not question anyway, Karen Sure.

1034
00:48:11,560 --> 00:48:18,000
Speaker 2: Next the day's newsmakers talk to Heather first, Heather Duplicy,

1035
00:48:18,120 --> 00:48:22,000
Speaker 2: Alan drive with One New Zealand let's get connected.

1036
00:48:21,480 --> 00:48:31,279
Speaker 1: And news talk z be.

1037
00:48:36,120 --> 00:48:39,279
Speaker 3: Okay, I'm getting a lot of texts asking what indigeneity is,

1038
00:48:39,320 --> 00:48:41,479
Speaker 3: and look, frankly, that is a that's a fair question.

1039
00:48:41,520 --> 00:48:43,359
Speaker 3: Hold on, I did do a little search before. Let

1040
00:48:43,400 --> 00:48:47,120
Speaker 3: me do it again. Indigen Okay, here we go. Indogeneity

1041
00:48:47,200 --> 00:48:49,680
Speaker 3: refers to where the effect of an independent variable on

1042
00:48:49,719 --> 00:48:52,760
Speaker 3: a dependent variable cannot be casually interpreted because it includes

1043
00:48:52,800 --> 00:48:56,160
Speaker 3: omitted causes, leading to biased estimates. So that's what Jenny

1044
00:48:56,239 --> 00:48:58,520
Speaker 3: was doing. Well, she was making yes, close it right up,

1045
00:48:58,520 --> 00:49:02,120
Speaker 3: doesn't yah? And Jenny, I get a five year old

1046
00:49:02,120 --> 00:49:03,719
Speaker 3: sertion of that one. I don't know, No, I don't

1047
00:49:03,719 --> 00:49:05,440
Speaker 3: really like. I feel like I'm going to do it

1048
00:49:05,480 --> 00:49:07,319
Speaker 3: and then there's going to be an economist listening to meet,

1049
00:49:07,360 --> 00:49:10,040
Speaker 3: like Michael Raddell, and he's going to send text. But

1050
00:49:10,080 --> 00:49:12,400
Speaker 3: I feel like what it means is when you've got

1051
00:49:12,480 --> 00:49:16,239
Speaker 3: a fixed variable, you can't just assume that necessarily the

1052
00:49:16,320 --> 00:49:19,160
Speaker 3: other variable has caused the effect on the variable that

1053
00:49:19,239 --> 00:49:22,640
Speaker 3: you think it's caused because you're omitting everything else. Did

1054
00:49:22,640 --> 00:49:23,279
Speaker 3: that explain it?

1055
00:49:23,200 --> 00:49:23,279
Speaker 10: It?

1056
00:49:24,040 --> 00:49:27,320
Speaker 3: H look no, neither, And I don't feel like, frankly,

1057
00:49:27,560 --> 00:49:29,240
Speaker 3: Adrian is going to come to the party and explain

1058
00:49:29,320 --> 00:49:31,160
Speaker 3: anything to us. But Jenny should have known. She should

1059
00:49:31,200 --> 00:49:32,560
Speaker 3: have known that when she asked him all of those

1060
00:49:32,560 --> 00:49:36,440
Speaker 3: annoying questions. Twenty four away from six ever do so,

1061
00:49:36,480 --> 00:49:38,799
Speaker 3: here's an update on how the military style boot camps

1062
00:49:38,800 --> 00:49:40,960
Speaker 3: are going. One kid has already bunked out. They're going

1063
00:49:41,040 --> 00:49:44,720
Speaker 3: to instead complete their sentence at another youth justice facility. Otherwise,

1064
00:49:44,760 --> 00:49:49,799
Speaker 3: apparently it's going well. Minister for Children Karen chaws with us. Now, hey, Karen, Andy,

1065
00:49:49,800 --> 00:49:51,200
Speaker 3: how's it going very well?

1066
00:49:51,239 --> 00:49:51,520
Speaker 22: Thank you?

1067
00:49:51,560 --> 00:49:53,680
Speaker 3: Did the child choose to leave or did you guys

1068
00:49:53,719 --> 00:49:54,680
Speaker 3: ask the child to leave?

1069
00:49:56,160 --> 00:50:01,160
Speaker 23: The young person has chosen to leave for personal reasons,

1070
00:50:02,040 --> 00:50:04,600
Speaker 23: and we were kind of expecting that this may happen.

1071
00:50:04,719 --> 00:50:08,000
Speaker 23: So start, we're ready for that, wrapping around that young person,

1072
00:50:08,080 --> 00:50:11,000
Speaker 23: making sure that we could get them in front of

1073
00:50:11,239 --> 00:50:14,240
Speaker 23: a judge to change their sentencing plan because now they'll

1074
00:50:14,239 --> 00:50:17,360
Speaker 23: have to complete their sentence at another youth justice facility.

1075
00:50:17,920 --> 00:50:20,640
Speaker 23: So this young person hasn't got off lately, They'll still

1076
00:50:20,880 --> 00:50:23,799
Speaker 23: be completing the sentence. It will just be at another facility.

1077
00:50:23,920 --> 00:50:27,399
Speaker 6: What went wrong, Oh, I wouldn't.

1078
00:50:27,040 --> 00:50:29,560
Speaker 23: Say anything went wrong. This is a pilot program. We've

1079
00:50:29,600 --> 00:50:32,600
Speaker 23: always said that if they're young person does not want

1080
00:50:32,640 --> 00:50:39,400
Speaker 23: to continue, that they have that choice. I wouldn't want

1081
00:50:39,440 --> 00:50:43,320
Speaker 23: to go into too much detail check the young person's privacy.

1082
00:50:43,960 --> 00:50:46,640
Speaker 23: Because there are only ten young men, they will be

1083
00:50:46,719 --> 00:50:50,160
Speaker 23: easy to kind of identify if they're going too much detail.

1084
00:50:50,239 --> 00:50:53,040
Speaker 23: But what I will say is that I'm really proud

1085
00:50:53,480 --> 00:50:56,359
Speaker 23: of these young people, these nine young people who are

1086
00:50:56,400 --> 00:51:00,120
Speaker 23: still continuing today, who have taken on this challenge. I

1087
00:51:00,160 --> 00:51:03,919
Speaker 23: am something different for a better future, and they seem

1088
00:51:03,960 --> 00:51:07,200
Speaker 23: to be really enjoying themselves, giving really good feedback about

1089
00:51:07,400 --> 00:51:10,720
Speaker 23: things that they would like more of. And I'm hoping

1090
00:51:10,800 --> 00:51:13,239
Speaker 23: that this will continue as positive as it has been.

1091
00:51:13,360 --> 00:51:14,360
Speaker 3: What would they like more of?

1092
00:51:15,840 --> 00:51:19,960
Speaker 23: Oh, They've already asked physical activities because they seem to

1093
00:51:19,960 --> 00:51:22,280
Speaker 23: be quite popular with the young people. So we're looking

1094
00:51:22,320 --> 00:51:24,960
Speaker 23: at ways that we can include more of that.

1095
00:51:26,960 --> 00:51:29,279
Speaker 3: When you say physical activities, Karen, do you mean going

1096
00:51:29,280 --> 00:51:32,560
Speaker 3: outside and playing basketball or do you mean doing military drills?

1097
00:51:33,600 --> 00:51:35,160
Speaker 23: Oh? I think it might be a bit of both.

1098
00:51:35,280 --> 00:51:39,440
Speaker 23: I think they really enjoy they really enjoy obstacle courses

1099
00:51:39,600 --> 00:51:42,520
Speaker 23: and the workout programs on the outdoor gym and things

1100
00:51:42,560 --> 00:51:44,520
Speaker 23: like that. So I think it's a bit of both.

1101
00:51:44,920 --> 00:51:47,960
Speaker 3: Any fighting, not that.

1102
00:51:48,000 --> 00:51:50,520
Speaker 23: I'm aware of, and not that I've been told. I'm

1103
00:51:50,520 --> 00:51:54,120
Speaker 23: told that there's no safety issues and that they're all

1104
00:51:54,200 --> 00:51:54,920
Speaker 23: quite positive.

1105
00:51:55,800 --> 00:51:57,719
Speaker 3: I see that they start their day with a set

1106
00:51:57,719 --> 00:51:59,640
Speaker 3: morning routine. They have breakfast, they have a shower, they

1107
00:51:59,640 --> 00:52:01,960
Speaker 3: have milky t free style drills, they have daily hygiene

1108
00:52:02,040 --> 00:52:04,640
Speaker 3: routines like ensuring the rooms are clean, clothes are ironed,

1109
00:52:04,920 --> 00:52:07,320
Speaker 3: and so on, and they have to look respectable themselves

1110
00:52:07,960 --> 00:52:10,120
Speaker 3: for I would imagine for many of them, that is

1111
00:52:10,160 --> 00:52:12,120
Speaker 3: not the normal start to the day, is it.

1112
00:52:13,400 --> 00:52:16,640
Speaker 23: No, this is something new, This is something that they

1113
00:52:16,680 --> 00:52:19,480
Speaker 23: probably hadn't had routine like this before in their lives.

1114
00:52:20,440 --> 00:52:22,480
Speaker 23: On the first day when they started, I was actually

1115
00:52:22,520 --> 00:52:24,719
Speaker 23: really proud of them, standing in their number one is

1116
00:52:24,760 --> 00:52:28,560
Speaker 23: ready for their first day, shirts tucked in, all looking

1117
00:52:28,880 --> 00:52:31,919
Speaker 23: very very smart. I'm very very proud of themselves too.

1118
00:52:32,040 --> 00:52:33,759
Speaker 23: The smile made it worth it.

1119
00:52:34,080 --> 00:52:35,719
Speaker 3: Okay, Karen Listen, thanks for updating us.

1120
00:52:35,719 --> 00:52:35,799
Speaker 4: Well.

1121
00:52:35,840 --> 00:52:37,439
Speaker 3: Keep an eye on how things are going. That's Karen Schure,

1122
00:52:37,480 --> 00:52:39,800
Speaker 3: Minister for Children. It's coming up twenty away from six.

1123
00:52:40,120 --> 00:52:44,880
Speaker 2: The Huddle with New Zealand Southby's International Realty exceptional marketing

1124
00:52:44,920 --> 00:52:45,960
Speaker 2: for every property on.

1125
00:52:46,000 --> 00:52:47,880
Speaker 3: The huddle with me. This evening we got Clear Delord,

1126
00:52:47,960 --> 00:52:50,040
Speaker 3: journalist and Jack Tame, host of Q and A and

1127
00:52:50,080 --> 00:52:53,040
Speaker 3: Saturday Mornings. Hello you too, Hello there, Gilda Claire.

1128
00:52:53,080 --> 00:52:56,200
Speaker 20: Were you surprised by the cut and the ocr I

1129
00:52:56,239 --> 00:52:58,319
Speaker 20: didn't know whether it would happen or not, because I

1130
00:52:58,400 --> 00:53:03,440
Speaker 20: listened to everybody and who knows. I mean, the pundits

1131
00:53:03,520 --> 00:53:05,640
Speaker 20: seem to be evenly split. But I do know that

1132
00:53:05,680 --> 00:53:08,400
Speaker 20: there are lots of small businesses particularly and people with

1133
00:53:08,440 --> 00:53:11,439
Speaker 20: mortgages utterly relieved that it's heading in the right direct.

1134
00:53:11,520 --> 00:53:13,400
Speaker 3: Reason I ask you that is because it feels like

1135
00:53:13,440 --> 00:53:17,480
Speaker 3: it goes against Adrian's personality, right, because he's so he

1136
00:53:18,640 --> 00:53:20,560
Speaker 3: I mean, I just say it, he's egotistical, right, and

1137
00:53:20,600 --> 00:53:22,279
Speaker 3: this is an admission of an error. So I was

1138
00:53:22,280 --> 00:53:23,319
Speaker 3: really surprised he did it.

1139
00:53:23,719 --> 00:53:27,040
Speaker 20: Well, you know, you can only keep digging so far. Yeah,

1140
00:53:27,080 --> 00:53:30,880
Speaker 20: and you have to just stop. And I don't follow

1141
00:53:30,920 --> 00:53:33,520
Speaker 20: Adrian or as closely as you do, or Jack but

1142
00:53:33,680 --> 00:53:36,680
Speaker 20: it does seem that he's had to reverse gear and

1143
00:53:36,880 --> 00:53:37,719
Speaker 20: about time, and.

1144
00:53:37,960 --> 00:53:40,520
Speaker 3: For that, Jack, he actually deserves a massive bouquet, doesn't he.

1145
00:53:41,920 --> 00:53:45,799
Speaker 17: Well, yeah, I just feel like with all of these decisions,

1146
00:53:46,160 --> 00:53:49,720
Speaker 17: I want to reserve judgment another six or twelve months

1147
00:53:49,760 --> 00:53:52,160
Speaker 17: until we see the full scale of the impacts. And

1148
00:53:52,200 --> 00:53:53,680
Speaker 17: this is the problem I mean. I mean, of course,

1149
00:53:53,920 --> 00:53:56,960
Speaker 17: as a mortgage holder, I am relieved to see the

1150
00:53:57,040 --> 00:54:00,520
Speaker 17: ocr heading in a more favorable direction. It's we while

1151
00:54:00,600 --> 00:54:02,680
Speaker 17: until we kind of see the full impact of that.

1152
00:54:02,880 --> 00:54:06,560
Speaker 17: But you know, there were some pretty gloomy news in that,

1153
00:54:06,920 --> 00:54:10,360
Speaker 17: you know, in the MPs today as well, potentially another

1154
00:54:10,400 --> 00:54:14,040
Speaker 17: different recession, unemployment higher than it was previously going to be.

1155
00:54:14,200 --> 00:54:16,920
Speaker 17: So yeah, as pleased as I am it's seeing the

1156
00:54:17,080 --> 00:54:19,359
Speaker 17: ICR at five point two five as opposed to five

1157
00:54:19,400 --> 00:54:23,880
Speaker 17: point five, I'm not exactly having a massive party to

1158
00:54:23,960 --> 00:54:25,960
Speaker 17: celebrate to that, Claire, I reckon it's.

1159
00:54:25,800 --> 00:54:28,160
Speaker 3: Going to change the mood just a little bit, just

1160
00:54:28,160 --> 00:54:31,000
Speaker 3: because we know now it's in one direction.

1161
00:54:31,640 --> 00:54:33,720
Speaker 20: Well, you'd have to hope it would, because it's actually

1162
00:54:33,760 --> 00:54:35,799
Speaker 20: quite gloomy out there, it really is, and for some

1163
00:54:35,920 --> 00:54:39,839
Speaker 20: businesses particularly it's not just Auckland, but that's where we

1164
00:54:39,920 --> 00:54:43,680
Speaker 20: happen to be. It's too late. They hung on as.

1165
00:54:43,560 --> 00:54:45,680
Speaker 3: Long as they could and it just got too much.

1166
00:54:45,719 --> 00:54:47,920
Speaker 20: And we've seen a lot of closures lately of businesses

1167
00:54:48,360 --> 00:54:50,920
Speaker 20: that would have probably, you know, wanted to wait another

1168
00:54:50,960 --> 00:54:51,760
Speaker 20: week but couldn't.

1169
00:54:51,920 --> 00:54:55,200
Speaker 17: Yeah, Jack, Yeah, you say, we know it's heading in

1170
00:54:55,239 --> 00:54:59,040
Speaker 17: one direction, and I just I hope you're right.

1171
00:55:00,680 --> 00:55:01,520
Speaker 1: Did you get out of.

1172
00:55:01,480 --> 00:55:03,840
Speaker 3: The wrong side of bed today? Did you decide?

1173
00:55:04,960 --> 00:55:05,240
Speaker 24: No?

1174
00:55:05,239 --> 00:55:05,520
Speaker 2: No? No.

1175
00:55:05,520 --> 00:55:06,719
Speaker 17: The only reason I'm saying.

1176
00:55:06,480 --> 00:55:11,920
Speaker 3: That is that three hours, Jack, go back and look.

1177
00:55:11,760 --> 00:55:12,959
Speaker 17: At the NPS from May.

1178
00:55:13,400 --> 00:55:13,480
Speaker 4: Like.

1179
00:55:13,800 --> 00:55:15,799
Speaker 17: The thing I found really hard with the Reserve Bank is,

1180
00:55:16,440 --> 00:55:19,160
Speaker 17: at least to my untrained eye, it does feel like

1181
00:55:19,200 --> 00:55:21,759
Speaker 17: they've kind of lurched in their position over the last

1182
00:55:21,760 --> 00:55:22,319
Speaker 17: couple of months.

1183
00:55:22,400 --> 00:55:25,359
Speaker 3: Idiots, Jack and everybody could see that we were way

1184
00:55:25,400 --> 00:55:25,800
Speaker 3: more stuff.

1185
00:55:25,840 --> 00:55:27,560
Speaker 1: But you can't.

1186
00:55:27,600 --> 00:55:30,239
Speaker 3: You can't do that. We're in recession for a third time.

1187
00:55:30,520 --> 00:55:30,920
Speaker 3: Go Jack.

1188
00:55:30,960 --> 00:55:33,960
Speaker 17: Sorry, I think I think it would be extremely unlikely

1189
00:55:34,080 --> 00:55:37,239
Speaker 17: and certainly unpopular. All I'm saying is that history has

1190
00:55:37,280 --> 00:55:40,759
Speaker 17: taught me anything. The Reserve Bank, at least to my eye,

1191
00:55:40,840 --> 00:55:44,920
Speaker 17: has lurched in its position like quite recently, and I

1192
00:55:44,960 --> 00:55:48,200
Speaker 17: wouldn't be one hundred percent confident that they wouldn't do

1193
00:55:48,239 --> 00:55:52,000
Speaker 17: it again. That being said, given things are so gloomy

1194
00:55:52,080 --> 00:55:57,480
Speaker 17: right now, I certainly feel that the weight of likelihood

1195
00:55:58,840 --> 00:56:00,239
Speaker 17: is on a track us.

1196
00:56:00,800 --> 00:56:03,160
Speaker 3: You're going to have to make a little shandy this evening, Jack,

1197
00:56:03,320 --> 00:56:04,080
Speaker 3: just like a half bear.

1198
00:56:05,719 --> 00:56:08,920
Speaker 17: I'm just I'm not trying to get too excited just yet, Okay.

1199
00:56:09,040 --> 00:56:11,560
Speaker 17: I mean, if if you're taking one hundred and fifty

1200
00:56:11,560 --> 00:56:13,759
Speaker 17: basis points out of it, maybe I'd be celebrating a

1201
00:56:13,760 --> 00:56:15,600
Speaker 17: little hard, Claire.

1202
00:56:15,800 --> 00:56:17,600
Speaker 20: I was just going to say, you know, there's been

1203
00:56:17,640 --> 00:56:19,560
Speaker 20: a real attempt by Adrian order to try and make

1204
00:56:19,600 --> 00:56:22,440
Speaker 20: this more cheerful. Yeah, because he said, for example, that

1205
00:56:22,560 --> 00:56:24,960
Speaker 20: it's always dark as before the dawn. Yeah, it's not

1206
00:56:25,280 --> 00:56:28,040
Speaker 20: that is so wrong, is it not? Is completely wrong?

1207
00:56:28,080 --> 00:56:31,120
Speaker 20: It's always darkest at midnight. And you know, I mean

1208
00:56:31,120 --> 00:56:33,840
Speaker 20: he's clearly trying to makes all feel better. Yes, but

1209
00:56:33,880 --> 00:56:36,280
Speaker 20: that is probably you know, just note to Adrian.

1210
00:56:36,520 --> 00:56:39,520
Speaker 3: Yep, fair enough. All right, let's take a break, we'll

1211
00:56:39,560 --> 00:56:41,160
Speaker 3: come back. We'll talk about what's going on in health

1212
00:56:41,160 --> 00:56:44,120
Speaker 3: New Zealand and all the other stuff today sixteen your

1213
00:56:44,120 --> 00:56:45,000
Speaker 3: away from six.

1214
00:56:45,560 --> 00:56:49,879
Speaker 2: The Huddle with New Zealand Southeby's international realty, unparalleled reach

1215
00:56:50,040 --> 00:56:50,800
Speaker 2: and results.

1216
00:56:50,920 --> 00:56:53,040
Speaker 3: Right, you're back with a huddle, Jack Tayman, Clai Delord,

1217
00:56:53,120 --> 00:56:54,920
Speaker 3: Jack Margie Up has gone, isn't she?

1218
00:56:56,080 --> 00:56:59,200
Speaker 17: Yeah? It doesn't look great deal. It's pretty extraordinary actually

1219
00:56:59,320 --> 00:57:03,040
Speaker 17: see this kind of of level of disconnect between a

1220
00:57:03,160 --> 00:57:05,160
Speaker 17: chair and a CEO like this, or commissioner and a

1221
00:57:05,160 --> 00:57:08,840
Speaker 17: CEO rather Yeah, I mean you certainly you know it

1222
00:57:08,920 --> 00:57:14,400
Speaker 17: speaks to what is obviously like a massive level of

1223
00:57:14,440 --> 00:57:17,600
Speaker 17: disconnection and discontent within Health New Zealand. But I just

1224
00:57:17,640 --> 00:57:20,640
Speaker 17: can't see, given the public nature of this breakdown and

1225
00:57:20,680 --> 00:57:23,440
Speaker 17: their relationship, how that's going to continue.

1226
00:57:23,760 --> 00:57:26,240
Speaker 3: I can't see that she can stay Claire, because she

1227
00:57:26,440 --> 00:57:29,280
Speaker 3: must have signed off on those plans to cut five

1228
00:57:29,320 --> 00:57:31,800
Speaker 3: hundred doctors and fifteen hundred nurses, and that is just

1229
00:57:31,920 --> 00:57:34,760
Speaker 3: impossible to comprehend. I don't know that.

1230
00:57:34,800 --> 00:57:37,919
Speaker 20: We don't know that, And I think Lester Levy has

1231
00:57:37,960 --> 00:57:41,000
Speaker 20: poured quite a bit of petrel on to the fire here,

1232
00:57:41,440 --> 00:57:44,320
Speaker 20: and so I'm not so sure mar Giapra is for

1233
00:57:44,440 --> 00:57:47,320
Speaker 20: the hy jump. I do think that what we're seeing

1234
00:57:47,560 --> 00:57:51,600
Speaker 20: is a level of self created chaos within health. Yeah,

1235
00:57:51,600 --> 00:57:54,919
Speaker 20: I mean the government has set about these reforms. They're

1236
00:57:54,920 --> 00:57:59,040
Speaker 20: doing them so fast, they're stripping out so much so

1237
00:57:59,240 --> 00:58:02,600
Speaker 20: quickly that this is like a very severe case of

1238
00:58:02,640 --> 00:58:06,000
Speaker 20: speed wobbles, possibly taking out some of the controls, the

1239
00:58:06,080 --> 00:58:08,680
Speaker 20: checks and balances, the handbrakes that you know, Winston has

1240
00:58:08,720 --> 00:58:10,840
Speaker 20: referred to in terms of what he did with the

1241
00:58:10,840 --> 00:58:14,720
Speaker 20: previous government in some policies. And so something gets through,

1242
00:58:14,880 --> 00:58:18,280
Speaker 20: slips through, and playing it all up publicly is what

1243
00:58:18,840 --> 00:58:21,240
Speaker 20: you would normally not do. You would normally just go

1244
00:58:21,360 --> 00:58:25,240
Speaker 20: and crack heads together. But you know, if the behind

1245
00:58:25,280 --> 00:58:26,959
Speaker 20: the scenes that is, but you know, you just think,

1246
00:58:27,520 --> 00:58:30,040
Speaker 20: if you want to get very fast results, you're taking

1247
00:58:30,040 --> 00:58:31,120
Speaker 20: some risks along the way.

1248
00:58:31,200 --> 00:58:34,360
Speaker 3: This is our biggest company, effectively, the whole stagage.

1249
00:58:34,720 --> 00:58:39,200
Speaker 20: Margie Upper as CEO of this, has seen god knows

1250
00:58:39,200 --> 00:58:41,959
Speaker 20: how many changes in the time she's been in that job.

1251
00:58:42,320 --> 00:58:45,200
Speaker 20: And I'm not in any way glossing over that paper

1252
00:58:45,360 --> 00:58:49,480
Speaker 20: causing some you know, absolute consternation. I'm not sure the

1253
00:58:49,480 --> 00:58:52,640
Speaker 20: way to handle it though, is to go raging publicly,

1254
00:58:52,800 --> 00:58:56,960
Speaker 20: because there aren't layers of people if she leaves, for example,

1255
00:58:57,040 --> 00:58:59,520
Speaker 20: there are not layers of people left to come up

1256
00:58:59,600 --> 00:59:02,560
Speaker 20: who are is steeped in that So I think financally

1257
00:59:02,600 --> 00:59:04,280
Speaker 20: if they should try better to get off.

1258
00:59:04,320 --> 00:59:07,160
Speaker 3: If you do not believe that that was really happening

1259
00:59:07,240 --> 00:59:09,720
Speaker 3: what was being proposed. Five hundred doctors gone, fifteen hundred

1260
00:59:09,760 --> 00:59:12,160
Speaker 3: nurs has gone, then what do you think the point

1261
00:59:12,160 --> 00:59:14,080
Speaker 3: of that proposal was? Was it? Was it an act

1262
00:59:14,080 --> 00:59:14,720
Speaker 3: of resistance?

1263
00:59:15,840 --> 00:59:17,560
Speaker 20: I don't know in what as less to Levy, he's

1264
00:59:17,560 --> 00:59:20,520
Speaker 20: conceded that yes, but he has also said it was

1265
00:59:20,560 --> 00:59:24,280
Speaker 20: an analogy put together by some finance people who are

1266
00:59:24,360 --> 00:59:28,120
Speaker 20: famously not well known for you know, sort of tact

1267
00:59:28,520 --> 00:59:34,040
Speaker 20: diplomacy necessarily communication skills, or looking at the political fallout.

1268
00:59:34,400 --> 00:59:37,360
Speaker 20: So this is now really highly political as it is

1269
00:59:37,560 --> 00:59:40,200
Speaker 20: very political, and it's going to take I think, getting

1270
00:59:40,200 --> 00:59:43,720
Speaker 20: together with the minister sorting out lines of accountability. But

1271
00:59:43,920 --> 00:59:47,880
Speaker 20: right now I don't think the losing Margie Alpha would

1272
00:59:47,960 --> 00:59:49,360
Speaker 20: be the best outcome.

1273
00:59:49,640 --> 00:59:53,520
Speaker 17: Oh interesting, Okay, I sorry, I agree with clear on

1274
00:59:53,560 --> 00:59:56,680
Speaker 17: that point. I just think the relationship thing is just

1275
00:59:56,800 --> 01:00:00,720
Speaker 17: so problematic right as clearly if you to think about

1276
01:00:00,800 --> 01:00:03,000
Speaker 17: Health New Zealand as our as our largest company and

1277
01:00:03,040 --> 01:00:05,400
Speaker 17: think about it in those terms, and to see this

1278
01:00:05,520 --> 01:00:10,360
Speaker 17: kind of you know, these two public positions out of

1279
01:00:10,400 --> 01:00:13,120
Speaker 17: Marjapro and that of Lesta Levy being so kind of

1280
01:00:13,120 --> 01:00:15,560
Speaker 17: publicly opposed, or at the very least the Commission taking

1281
01:00:15,640 --> 01:00:19,880
Speaker 17: such a strong position publicly supposedly against Marjyapa. I mean,

1282
01:00:19,880 --> 01:00:25,760
Speaker 17: that's that's deeply unusual and and and surely isn't at

1283
01:00:25,800 --> 01:00:29,240
Speaker 17: all beneficial to the overall organization. It seems extraordinary that

1284
01:00:29,240 --> 01:00:30,479
Speaker 17: these kinds of things wouldn't be having.

1285
01:00:30,480 --> 01:00:32,880
Speaker 3: So Jackie, you're saying there's a difference between what should

1286
01:00:32,880 --> 01:00:34,680
Speaker 3: happen and what is going to happen. What should happen

1287
01:00:34,720 --> 01:00:36,640
Speaker 3: is maybe in your mind she retains the job. What's

1288
01:00:36,640 --> 01:00:37,760
Speaker 3: going to happen if she's going to go?

1289
01:00:39,280 --> 01:00:42,600
Speaker 17: Yeah, I think I think this is the sort of

1290
01:00:42,600 --> 01:00:44,400
Speaker 17: thing that probably needs to go to a minister, and

1291
01:00:45,400 --> 01:00:47,360
Speaker 17: given given the public nature of it, and the minister

1292
01:00:47,400 --> 01:00:49,160
Speaker 17: actually needs to intervene, and as clear as he has

1293
01:00:49,160 --> 01:00:51,880
Speaker 17: sought out some really clear lines of not only of

1294
01:00:51,920 --> 01:00:55,720
Speaker 17: communication but but of you know, of responsibility. So you

1295
01:00:55,720 --> 01:00:59,320
Speaker 17: don't actually have these you don't have these two very

1296
01:00:59,360 --> 01:01:03,720
Speaker 17: senior people all seemingly working you know, pulling, pulling in

1297
01:01:03,760 --> 01:01:05,680
Speaker 17: different directions or working to different ends.

1298
01:01:05,880 --> 01:01:07,960
Speaker 3: Clear, does somebody need to write to Wellington Council and

1299
01:01:07,960 --> 01:01:10,920
Speaker 3: tell them there's a cost of living crisis going on. Probably.

1300
01:01:11,560 --> 01:01:13,960
Speaker 20: I mean you only go to Wellington, you know, and

1301
01:01:14,120 --> 01:01:16,360
Speaker 20: walk a couple of blocks and you see water pouring

1302
01:01:16,480 --> 01:01:20,000
Speaker 20: up out of the foot park being wasted. The bicycle

1303
01:01:20,000 --> 01:01:21,600
Speaker 20: wrack seems to be a bit of a Rolls Royce.

1304
01:01:21,640 --> 01:01:23,320
Speaker 20: You don't need a Rolls Royce. If you've got lots

1305
01:01:23,320 --> 01:01:25,840
Speaker 20: of bikes, you can just have a little, you know, rack,

1306
01:01:26,040 --> 01:01:30,160
Speaker 20: small rack. Those are outside Friburg Pool. They've got those

1307
01:01:30,200 --> 01:01:32,320
Speaker 20: metal rakes. You just pop your bike on their chain.

1308
01:01:32,320 --> 01:01:34,960
Speaker 20: It's through the thing, done, no problem. There are trees

1309
01:01:35,040 --> 01:01:35,880
Speaker 20: you can use them.

1310
01:01:35,800 --> 01:01:36,960
Speaker 3: In times a surplus.

1311
01:01:37,040 --> 01:01:39,000
Speaker 20: Yes, you have all of these when we're and it

1312
01:01:39,000 --> 01:01:41,480
Speaker 20: looks neat and tidy, and it's a very state of

1313
01:01:41,520 --> 01:01:43,560
Speaker 20: the art, and you see them in other places. Other

1314
01:01:43,600 --> 01:01:46,200
Speaker 20: places are wealthier than we are right now as a country.

1315
01:01:46,400 --> 01:01:49,480
Speaker 20: We're actually not in our cities, our major cities are

1316
01:01:49,480 --> 01:01:49,960
Speaker 20: not doing much.

1317
01:01:50,040 --> 01:01:50,200
Speaker 11: Jack.

1318
01:01:50,200 --> 01:01:52,080
Speaker 3: I'm getting a lot of texts saying that these fancy

1319
01:01:52,120 --> 01:01:55,120
Speaker 3: bike racks are all up and down the country, including Auckland.

1320
01:01:55,160 --> 01:01:56,640
Speaker 3: Have you got that? Have you beat? Because you're a

1321
01:01:56,680 --> 01:01:58,040
Speaker 3: bike boy, have you been using.

1322
01:01:59,240 --> 01:02:02,360
Speaker 17: I'm a very keen cyclist and I cannot say that

1323
01:02:02,400 --> 01:02:04,680
Speaker 17: I've used them, and as a very keen cyclist, I've

1324
01:02:04,680 --> 01:02:06,920
Speaker 17: got to say this kind of thing really annoys me

1325
01:02:07,800 --> 01:02:10,320
Speaker 17: because I think it's a waste of money. Like it.

1326
01:02:10,320 --> 01:02:13,360
Speaker 17: It doesn't do those of us who like cycling. It

1327
01:02:13,360 --> 01:02:15,600
Speaker 17: doesn't do our cause any good to see this kind

1328
01:02:15,600 --> 01:02:18,200
Speaker 17: of profligate spending. As you say, you can just put

1329
01:02:18,280 --> 01:02:20,960
Speaker 17: up a bar. That's that easy. Like how extensive can

1330
01:02:21,080 --> 01:02:23,680
Speaker 17: honestly be to put a steel bar in the ground

1331
01:02:23,840 --> 01:02:25,280
Speaker 17: for us to lock up to the bike. I don't

1332
01:02:25,360 --> 01:02:27,760
Speaker 17: care if my biker is standing up right, or if

1333
01:02:27,800 --> 01:02:29,400
Speaker 17: it's on the side or whatever. I just want to

1334
01:02:29,440 --> 01:02:31,240
Speaker 17: be able to lock it for something. And it's so

1335
01:02:31,440 --> 01:02:37,240
Speaker 17: frustrating to see this kind of thing being financed, like

1336
01:02:37,280 --> 01:02:39,360
Speaker 17: you say, in the middle of the cost of living crisis,

1337
01:02:39,400 --> 01:02:42,280
Speaker 17: because it just attracts criticism from people who say we

1338
01:02:42,280 --> 01:02:44,800
Speaker 17: shouldn't be putting any money into cycling infrastructure too.

1339
01:02:44,840 --> 01:02:44,960
Speaker 8: Right.

1340
01:02:45,000 --> 01:02:46,120
Speaker 3: I just want to make it clear this is not

1341
01:02:46,160 --> 01:02:49,000
Speaker 3: a cycling problem. This is a Wellington City Council problem. Jack,

1342
01:02:49,040 --> 01:02:50,920
Speaker 3: Thank you so much appreciated, Jack Tame, host of Q

1343
01:02:50,960 --> 01:02:52,880
Speaker 3: and A and Knows the Saturday Mornings and clear de

1344
01:02:52,920 --> 01:02:54,560
Speaker 3: Lord journalist, it's eight away from six.

1345
01:02:55,360 --> 01:02:58,120
Speaker 2: Upon your smart speaker, on the iHeart app and in

1346
01:02:58,200 --> 01:03:01,240
Speaker 2: your car on your drive home. Heather duple c Allen

1347
01:03:01,360 --> 01:03:05,280
Speaker 2: drive with one New zealand one Giant Leap for Business

1348
01:03:05,600 --> 01:03:06,680
Speaker 2: News Talk as it be.

1349
01:03:07,680 --> 01:03:10,320
Speaker 3: Hither, this woman was running one hundred and fifty million

1350
01:03:10,360 --> 01:03:14,080
Speaker 3: dollars every month over budget. Shoot her, now, that's obviously like,

1351
01:03:14,920 --> 01:03:19,120
Speaker 3: that's not that's a metaphorical shooting. That's not a literal shooting. Hither.

1352
01:03:19,120 --> 01:03:21,240
Speaker 3: It's rubbish to believe there are no layers of people

1353
01:03:21,240 --> 01:03:24,280
Speaker 3: to replace Margi Upper there's probably at least nine or ten, actually, John,

1354
01:03:24,320 --> 01:03:26,440
Speaker 3: I think what was it like the dispute was over

1355
01:03:26,440 --> 01:03:29,320
Speaker 3: whether it's fourteen or twelve. So there are layers. There

1356
01:03:29,320 --> 01:03:33,080
Speaker 3: are many, many layers. Look look at it like this, right,

1357
01:03:33,160 --> 01:03:34,520
Speaker 3: how many DHBs did we have?

1358
01:03:34,560 --> 01:03:34,760
Speaker 4: Again?

1359
01:03:34,840 --> 01:03:37,120
Speaker 3: Was it twenty DHBs? They got Maldon to one. So

1360
01:03:37,640 --> 01:03:40,040
Speaker 3: she was one of the DHB bosses, which means that

1361
01:03:40,160 --> 01:03:42,560
Speaker 3: nineteen other DHP bosses didn't get her job. There are

1362
01:03:42,600 --> 01:03:44,240
Speaker 3: nineteen other people who could take the job, who will

1363
01:03:44,280 --> 01:03:46,200
Speaker 3: do a better job than her. And I've spoken to

1364
01:03:46,200 --> 01:03:48,560
Speaker 3: people in the health system when Margie got the job,

1365
01:03:48,640 --> 01:03:53,520
Speaker 3: they were like, Margie got the job, really, So I

1366
01:03:53,560 --> 01:03:57,040
Speaker 3: think you're from the start, from the start. Now we're

1367
01:03:57,040 --> 01:03:59,800
Speaker 3: going to talk to ASB next after six o'clock. Not

1368
01:04:00,000 --> 01:04:02,880
Speaker 3: great news for them because the profit is down seven percent.

1369
01:04:04,960 --> 01:04:07,360
Speaker 3: That's basically the high interest rate environment at acting there.

1370
01:04:07,640 --> 01:04:09,320
Speaker 3: People aren't borrowing as much. Blah blah blah. But it's

1371
01:04:09,320 --> 01:04:12,479
Speaker 3: great news for the chief executive because Victoria has gone

1372
01:04:12,480 --> 01:04:15,960
Speaker 3: from earning just two million last year to five million

1373
01:04:16,000 --> 01:04:18,960
Speaker 3: this year. Now, how do you go from two to

1374
01:04:19,040 --> 01:04:20,560
Speaker 3: five in one year? I think we all want to know.

1375
01:04:20,600 --> 01:04:22,680
Speaker 3: I'm going to ask. I know it's akey talking about money,

1376
01:04:23,160 --> 01:04:25,600
Speaker 3: about that kind of stuff, but I've got no shame,

1377
01:04:25,840 --> 01:04:27,560
Speaker 3: and so I'm going to ask her that question when

1378
01:04:27,600 --> 01:04:30,240
Speaker 3: we talked to her shortly. Can I just tell you

1379
01:04:30,240 --> 01:04:32,560
Speaker 3: really quickly on the Olympians, because I can't get enough

1380
01:04:32,560 --> 01:04:35,040
Speaker 3: of them at the moment. I find it amazing what

1381
01:04:35,120 --> 01:04:37,600
Speaker 3: the Olympians get from their different countries as a reward

1382
01:04:37,640 --> 01:04:38,960
Speaker 3: for getting the medal. Because I don't know if you

1383
01:04:39,000 --> 01:04:41,080
Speaker 3: realize this, but they get the medal, that's not the

1384
01:04:41,080 --> 01:04:43,080
Speaker 3: only thing they get. They get a bonus often. So

1385
01:04:43,200 --> 01:04:45,320
Speaker 3: for example, here in New Zealand, we give our gold

1386
01:04:45,320 --> 01:04:48,280
Speaker 3: medalists sixty thousand dollars and then we also give us

1387
01:04:48,320 --> 01:04:51,120
Speaker 3: silver and bronze medalists fifty five thousand dollars each, which

1388
01:04:51,160 --> 01:04:53,800
Speaker 3: is pretty cool, and it's on par with America they

1389
01:04:53,840 --> 01:04:56,760
Speaker 3: give their gold medalists sixty two thousand dollars. But we

1390
01:04:56,840 --> 01:04:59,080
Speaker 3: are very much at the low end of things. The

1391
01:04:59,120 --> 01:05:02,560
Speaker 3: middle range is places like France they give the gold

1392
01:05:02,560 --> 01:05:05,240
Speaker 3: medalists about one hundred and fifty thousand dollars. Now that's

1393
01:05:05,240 --> 01:05:08,560
Speaker 3: big money, right. It's not in Victoria from asb obviously.

1394
01:05:08,960 --> 01:05:12,360
Speaker 3: But then the really really high end is India, of

1395
01:05:12,400 --> 01:05:16,120
Speaker 3: all places, they give them three hundred and fifty thousand dollars. Kazakhstan,

1396
01:05:16,600 --> 01:05:19,640
Speaker 3: can you believe it is super generous four hundred and

1397
01:05:19,640 --> 01:05:24,160
Speaker 3: fifteen thousand dollars, but nothing on Hong Kong one point

1398
01:05:24,240 --> 01:05:28,880
Speaker 3: two eight million dollars, Singapore one point two five million dollars.

1399
01:05:29,600 --> 01:05:32,520
Speaker 3: But it doesn't just end with money. Kazakhstan also gives

1400
01:05:32,520 --> 01:05:36,760
Speaker 3: their winners apartments. South Korea gives their winners exemption from

1401
01:05:36,800 --> 01:05:40,920
Speaker 3: nearly two years of compulsory military training. The Philippines, they

1402
01:05:40,920 --> 01:05:42,840
Speaker 3: get money, plus a house and a lot, a two

1403
01:05:42,920 --> 01:05:46,200
Speaker 3: bedroom condomonium, around thirty thousand dollars worth of furniture, a

1404
01:05:46,240 --> 01:05:49,320
Speaker 3: lifetime supply of cookies and free meals for life from

1405
01:05:49,400 --> 01:05:53,240
Speaker 3: several local restaurants. Indonesia they get five cows a meatball

1406
01:05:53,240 --> 01:05:55,360
Speaker 3: restaurant in a new house. I'm not making this up.

1407
01:05:55,720 --> 01:05:58,560
Speaker 3: And in Japan, one medalist in silver got one hundred

1408
01:05:58,600 --> 01:06:01,640
Speaker 3: bags of rice. One of my great grandparents was Filipino.

1409
01:06:01,680 --> 01:06:03,240
Speaker 3: That sounds great. I want my co I know I

1410
01:06:03,240 --> 01:06:06,480
Speaker 3: one hundred percent have got citizenship now ASB.

1411
01:06:06,240 --> 01:06:11,920
Speaker 1: Next, what what's down on?

1412
01:06:12,480 --> 01:06:15,080
Speaker 2: What were the major calls and how will it affect

1413
01:06:15,120 --> 01:06:18,520
Speaker 2: the economy of the big business questions on the Business

1414
01:06:18,560 --> 01:06:22,720
Speaker 2: Hour with Heather Duplicy Allen and my Hr on News Talk.

1415
01:06:22,600 --> 01:06:26,120
Speaker 3: SEB even in coming up in the next hour. Janetip

1416
01:06:26,160 --> 01:06:28,520
Speaker 3: Shraney was in the Adrian All Press conference today. We'll

1417
01:06:28,520 --> 01:06:31,920
Speaker 3: have chatter about it shortly Caitlin Park and Milford Asset Management.

1418
01:06:31,960 --> 01:06:34,480
Speaker 3: With the market reaction to the ocr dropping and you

1419
01:06:34,560 --> 01:06:36,800
Speaker 3: and McDonald out of Ukraine. We're going to ask him

1420
01:06:36,800 --> 01:06:40,120
Speaker 3: how much pressure that invasion of Russia is putting on putin.

1421
01:06:40,280 --> 01:06:43,520
Speaker 3: It's coming up eight past six now. ASB started slashing

1422
01:06:43,560 --> 01:06:46,320
Speaker 3: its mortgage interest rates, one of three banks just minutes

1423
01:06:46,360 --> 01:06:48,440
Speaker 3: after the Reserve Bank dropped the official cash rate by

1424
01:06:48,440 --> 01:06:50,360
Speaker 3: a quarter of a percent this afternoon. It's been a

1425
01:06:50,360 --> 01:06:53,360
Speaker 3: big day for ASB. Earlier this morning it announced its

1426
01:06:53,480 --> 01:06:56,280
Speaker 3: run of record profits is over and your profit dropped

1427
01:06:56,280 --> 01:06:58,840
Speaker 3: seven percent from last year's record high. It's now down

1428
01:06:58,840 --> 01:07:01,640
Speaker 3: to one point five five nine billion dollars in the

1429
01:07:01,720 --> 01:07:04,200
Speaker 3: year to the end of June. Victoria Short is asb's

1430
01:07:04,280 --> 01:07:07,400
Speaker 3: chief executive. Hey Vittoria, Hey Heather, were you surprised by

1431
01:07:07,400 --> 01:07:08,000
Speaker 3: the cut today?

1432
01:07:09,160 --> 01:07:12,880
Speaker 24: Well, actually, our ASP economics team we're picking a twenty

1433
01:07:12,880 --> 01:07:15,920
Speaker 24: five basis point cut, acknowledged it was going to be

1434
01:07:15,960 --> 01:07:19,000
Speaker 24: finally balanced, but it is what they were picking. So

1435
01:07:19,200 --> 01:07:21,120
Speaker 24: I think it's good news for New Zealand.

1436
01:07:21,640 --> 01:07:24,080
Speaker 3: Did you not, though, find yourself doing this because I

1437
01:07:24,160 --> 01:07:26,760
Speaker 3: did and thinking, yeah, it should be a cart. Everything

1438
01:07:26,800 --> 01:07:29,160
Speaker 3: shows it should be a cat. But Adrian's got an ego.

1439
01:07:31,280 --> 01:07:35,200
Speaker 24: I think we looked at the fundamental around you know,

1440
01:07:35,360 --> 01:07:38,000
Speaker 24: we go back to why have the interest rates been

1441
01:07:38,400 --> 01:07:41,240
Speaker 24: held high to get inflation under control? And that's the

1442
01:07:41,400 --> 01:07:44,240
Speaker 24: number one priority for all of us. So you know,

1443
01:07:44,240 --> 01:07:47,160
Speaker 24: we've seen inflation coming down. The big question is is

1444
01:07:47,200 --> 01:07:50,240
Speaker 24: it going to be coming down sustainably to a low

1445
01:07:50,320 --> 01:07:53,960
Speaker 24: enough level? And that seems to be occurring, which is great.

1446
01:07:54,320 --> 01:07:58,080
Speaker 24: But there's one call out that I think was important

1447
01:07:58,280 --> 01:08:03,440
Speaker 24: in the sort of judgment, and that's material weakening of

1448
01:08:03,480 --> 01:08:09,080
Speaker 24: the domestic economic activity. So I think they are you know,

1449
01:08:09,120 --> 01:08:12,080
Speaker 24: they're calling that out as one of the reasons for

1450
01:08:12,120 --> 01:08:13,960
Speaker 24: the cat so we can't walk past that.

1451
01:08:14,160 --> 01:08:16,360
Speaker 3: No, that's fair enough. I see you guys cut your

1452
01:08:16,439 --> 01:08:18,479
Speaker 3: rates obviously immediately, which is great, But why are they

1453
01:08:18,520 --> 01:08:20,000
Speaker 3: only taking effect next week?

1454
01:08:21,240 --> 01:08:22,640
Speaker 24: Yeah, we've got a little bit of time. We've got

1455
01:08:22,720 --> 01:08:25,240
Speaker 24: sort of some legal processes, which means that we have

1456
01:08:25,320 --> 01:08:28,920
Speaker 24: to adjust terms and conditions and make sure we get

1457
01:08:28,960 --> 01:08:30,680
Speaker 24: all of our disclosures are ready to go, and so

1458
01:08:30,800 --> 01:08:32,799
Speaker 24: that's why there's a little bit of a lag between

1459
01:08:33,760 --> 01:08:37,280
Speaker 24: the announcement and when they are effective.

1460
01:08:37,760 --> 01:08:40,280
Speaker 3: Is it a relief to you? I mean, obviously, you

1461
01:08:40,320 --> 01:08:43,400
Speaker 3: guys have this high interest rate environment has been heading

1462
01:08:43,439 --> 01:08:44,639
Speaker 3: your profits. So are you relieved?

1463
01:08:45,920 --> 01:08:45,960
Speaker 4: So?

1464
01:08:46,120 --> 01:08:49,479
Speaker 24: I think it's a really good thing for New Zealand

1465
01:08:49,560 --> 01:08:53,599
Speaker 24: households and New Zealand businesses. So we've already been reducing

1466
01:08:53,640 --> 01:08:57,599
Speaker 24: our fixed home loan rates. We started doing that last year,

1467
01:08:57,760 --> 01:09:01,400
Speaker 24: so we've reduced them already by sixty basis points. So

1468
01:09:01,640 --> 01:09:05,000
Speaker 24: this is really a continuation for us, But I think

1469
01:09:05,080 --> 01:09:10,679
Speaker 24: what it's signaling for the country is that inflation's getting

1470
01:09:10,760 --> 01:09:14,599
Speaker 24: under control and therefore the ocr can start to come down,

1471
01:09:14,720 --> 01:09:16,439
Speaker 24: and that's a really important signal.

1472
01:09:16,680 --> 01:09:17,240
Speaker 25: Are you of the.

1473
01:09:17,280 --> 01:09:19,720
Speaker 3: View that we need to also temper our expectations though?

1474
01:09:19,800 --> 01:09:21,880
Speaker 3: Is everybody's going to get super excited about this, but

1475
01:09:21,960 --> 01:09:23,599
Speaker 3: actually it's going to take us a while to build

1476
01:09:23,600 --> 01:09:24,400
Speaker 3: ourselves back up.

1477
01:09:26,360 --> 01:09:26,559
Speaker 6: Yeah.

1478
01:09:26,600 --> 01:09:29,439
Speaker 24: Look, we you know to your point, it is going

1479
01:09:29,479 --> 01:09:33,720
Speaker 24: to take time for this to really flow through the economy.

1480
01:09:34,320 --> 01:09:37,000
Speaker 24: We are thinking that twenty twenty five is going to

1481
01:09:37,040 --> 01:09:41,280
Speaker 24: be a really different year. We are expecting that credit

1482
01:09:41,320 --> 01:09:45,280
Speaker 24: growth to build for businesses. We are expecting there to

1483
01:09:45,280 --> 01:09:49,400
Speaker 24: be upward pressure on homelan prices as a result. So

1484
01:09:49,800 --> 01:09:51,680
Speaker 24: we do think it's going to build over time, and

1485
01:09:51,880 --> 01:09:53,840
Speaker 24: we don't think this is the last cat either.

1486
01:09:55,240 --> 01:09:56,800
Speaker 3: What are you expecting before the end of the year

1487
01:09:56,800 --> 01:10:00,680
Speaker 3: another twenty five basis points.

1488
01:09:59,680 --> 01:10:02,080
Speaker 24: Yes, so at this stage where we're still calibrating and

1489
01:10:02,280 --> 01:10:05,040
Speaker 24: will definitely depend on the data and how we see

1490
01:10:05,040 --> 01:10:09,680
Speaker 24: the data evolving on inflation and also you know, economic activity.

1491
01:10:09,720 --> 01:10:13,720
Speaker 24: But we have about another fifty basis points that we

1492
01:10:13,760 --> 01:10:15,200
Speaker 24: think could come out before Christmas.

1493
01:10:15,280 --> 01:10:17,840
Speaker 3: Now Victoria. Listen, you got the ComCom report coming out

1494
01:10:17,880 --> 01:10:19,720
Speaker 3: next week, the banking report. Are you guys going to

1495
01:10:19,720 --> 01:10:20,360
Speaker 3: get hammered in this?

1496
01:10:22,280 --> 01:10:22,439
Speaker 11: Well?

1497
01:10:22,479 --> 01:10:25,320
Speaker 24: I think the interesting question is how different is the

1498
01:10:25,360 --> 01:10:27,559
Speaker 24: final report going to be from the draft report? And

1499
01:10:27,600 --> 01:10:30,000
Speaker 24: I guess the only person who can answer that is

1500
01:10:30,040 --> 01:10:31,479
Speaker 24: really the head of ComCom.

1501
01:10:32,080 --> 01:10:33,000
Speaker 3: What have you heard.

1502
01:10:34,520 --> 01:10:37,679
Speaker 24: Nothing from ComCom? So you know we'll all be revealed

1503
01:10:37,720 --> 01:10:38,320
Speaker 24: next week?

1504
01:10:38,560 --> 01:10:40,200
Speaker 3: Are you going to get hammered by the government with

1505
01:10:40,240 --> 01:10:41,559
Speaker 3: its rural banking report?

1506
01:10:42,720 --> 01:10:46,599
Speaker 24: I'm really looking forward to to sort of answering some

1507
01:10:46,640 --> 01:10:50,080
Speaker 24: of the questions that have been asked about the rules sector,

1508
01:10:50,120 --> 01:10:54,240
Speaker 24: but also about business lending too. So just like the

1509
01:10:54,280 --> 01:10:56,519
Speaker 24: market study, I think it's a really good opportunity to

1510
01:10:56,560 --> 01:10:59,880
Speaker 24: get you know, the right questions on the table and really,

1511
01:11:00,160 --> 01:11:00,960
Speaker 24: you know, get into them.

1512
01:11:01,040 --> 01:11:02,840
Speaker 3: Yeah, well, why do you want to answer those questions?

1513
01:11:02,840 --> 01:11:05,400
Speaker 3: Is it because people have got themselves worked up unfairly

1514
01:11:05,479 --> 01:11:06,720
Speaker 3: about you guys?

1515
01:11:07,600 --> 01:11:07,680
Speaker 1: Oh?

1516
01:11:07,760 --> 01:11:10,720
Speaker 24: Look, I think there's a lot of things that I

1517
01:11:10,800 --> 01:11:14,120
Speaker 24: hear that I've got a view on, and so it's

1518
01:11:14,160 --> 01:11:16,439
Speaker 24: going to be a good chance to actually share those

1519
01:11:16,520 --> 01:11:18,080
Speaker 24: views and that's the whole point of it.

1520
01:11:18,680 --> 01:11:23,040
Speaker 3: As a KIWI, do you support the capitalization of kiwibank.

1521
01:11:24,720 --> 01:11:27,200
Speaker 24: Ah, I don't think Kvybank's a good topic for me.

1522
01:11:28,280 --> 01:11:32,720
Speaker 24: So that's something that's the best less with those who

1523
01:11:32,800 --> 01:11:34,080
Speaker 24: are in charge of that decision.

1524
01:11:34,439 --> 01:11:36,360
Speaker 3: Fair point. Hey, listen, I've got to ask you. I mean,

1525
01:11:36,360 --> 01:11:38,200
Speaker 3: this is a key and I'm sorry and nobody likes

1526
01:11:38,200 --> 01:11:39,800
Speaker 3: talking about their pay but I've got to ask you

1527
01:11:39,840 --> 01:11:42,519
Speaker 3: about it. How did you go Vitoria from two million

1528
01:11:42,600 --> 01:11:44,559
Speaker 3: to five million in the space of a year.

1529
01:11:45,880 --> 01:11:49,400
Speaker 24: Yeah, look, this year in terms of my rem it's

1530
01:11:49,560 --> 01:11:54,680
Speaker 24: a highly unusual rem it enclodes payments related to multiple

1531
01:11:54,760 --> 01:11:58,760
Speaker 24: years since twenty nineteen. But what you're really getting at

1532
01:11:59,560 --> 01:12:02,360
Speaker 24: is it, you know, and I recognized this that executive

1533
01:12:02,400 --> 01:12:07,720
Speaker 24: room is controversial and particularly in this environment. So it's

1534
01:12:07,760 --> 01:12:09,959
Speaker 24: set by the board and it's based on the market benchmark,

1535
01:12:10,000 --> 01:12:13,240
Speaker 24: and that's you know, that's really the approach to the

1536
01:12:13,240 --> 01:12:13,879
Speaker 24: board takes.

1537
01:12:13,920 --> 01:12:15,280
Speaker 3: Not at all what I was getting at. I was

1538
01:12:15,320 --> 01:12:17,760
Speaker 3: just trying to get a tip from you on how.

1539
01:12:17,680 --> 01:12:18,040
Speaker 11: To do it.

1540
01:12:19,720 --> 01:12:23,960
Speaker 24: Well, it's like I say, it's it's a strange year

1541
01:12:24,000 --> 01:12:27,519
Speaker 24: and it's multiple years starting from twenty nineteen. So the

1542
01:12:27,560 --> 01:12:29,720
Speaker 24: team content through some data if you're interested.

1543
01:12:29,479 --> 01:12:31,599
Speaker 3: Yeah, and who am I kidding. I'm not up five

1544
01:12:31,640 --> 01:12:34,840
Speaker 3: million dollars in the media. Jeez, Vittoria, thank you very much.

1545
01:12:34,960 --> 01:12:39,120
Speaker 3: Victoria short asb's chief executive Listen got some numbers potentially

1546
01:12:39,160 --> 01:12:42,479
Speaker 3: for how much Contact and Genesis paid methodics for that

1547
01:12:42,479 --> 01:12:44,720
Speaker 3: that gas, I'll do it next. I'll give you all.

1548
01:12:44,880 --> 01:12:46,439
Speaker 3: What I mean is, I'll give you the details next

1549
01:12:46,600 --> 01:12:47,759
Speaker 3: fourteen past six.

1550
01:12:49,160 --> 01:12:52,679
Speaker 2: Crunching the numbers and getting the results. It's Heather Duplicy

1551
01:12:52,800 --> 01:12:56,160
Speaker 2: Ellen with the Business Hour thanks to my HR, the

1552
01:12:56,360 --> 01:12:59,840
Speaker 2: HR platform for SME on news talksb Hey.

1553
01:13:00,040 --> 01:13:02,160
Speaker 3: Using an employee can be tricky, whether it's for poor

1554
01:13:02,200 --> 01:13:05,000
Speaker 3: performance or inappropriate behavior or whatever. You need to make

1555
01:13:05,040 --> 01:13:08,040
Speaker 3: sure that you meet your legal obligations or it could

1556
01:13:08,120 --> 01:13:10,840
Speaker 3: end up costing the business. In all circumstances, if you

1557
01:13:10,840 --> 01:13:13,560
Speaker 3: want to move an employee on, you need solid justification

1558
01:13:13,640 --> 01:13:15,840
Speaker 3: and you have to consult with them before you make

1559
01:13:15,880 --> 01:13:17,800
Speaker 3: a final decision. I mean, even if it's a clear

1560
01:13:17,880 --> 01:13:21,680
Speaker 3: case of serious misconduct, a person's still entitled to participate

1561
01:13:21,720 --> 01:13:24,400
Speaker 3: in a fair process regarding their dismissal. So to help

1562
01:13:24,439 --> 01:13:28,200
Speaker 3: employers manage these terminations with a minimum of fuss, MYHR

1563
01:13:28,280 --> 01:13:31,479
Speaker 3: is holding a webinar on ending employment on Wednesday, the

1564
01:13:31,520 --> 01:13:34,160
Speaker 3: twenty first of August. This is a practical session. It's

1565
01:13:34,160 --> 01:13:36,439
Speaker 3: going to cover the nitty gritty of dismissals, from proper

1566
01:13:36,520 --> 01:13:40,400
Speaker 3: process and legal requirements to records of settlement and final payments.

1567
01:13:40,520 --> 01:13:43,519
Speaker 3: So to register for the seminar or the webinar, visit

1568
01:13:43,640 --> 01:13:46,519
Speaker 3: myhr dot works and click on the webinar pop up

1569
01:13:47,360 --> 01:13:50,600
Speaker 3: together do for see Allen seventeen past six. Now a

1570
01:13:50,720 --> 01:13:52,559
Speaker 3: Reserve Bank Governor Adrian Or had to do a fair

1571
01:13:52,560 --> 01:13:55,400
Speaker 3: bit of gymnastics today to explain the cut to the

1572
01:13:55,439 --> 01:13:56,440
Speaker 3: official cash.

1573
01:13:56,240 --> 01:13:59,000
Speaker 10: Rate and if the goal of monetary policy in this

1574
01:13:59,040 --> 01:14:02,200
Speaker 10: situation is for soft landing, can you say you've actually

1575
01:14:02,200 --> 01:14:02,680
Speaker 10: delivered that?

1576
01:14:02,920 --> 01:14:05,160
Speaker 7: And I don't know how to answer your other question

1577
01:14:05,240 --> 01:14:07,640
Speaker 7: really so yeah.

1578
01:14:07,880 --> 01:14:10,560
Speaker 3: Genetive Trainey is The Herald's Wellington Business editor. She was

1579
01:14:10,600 --> 01:14:13,679
Speaker 3: in the room this afternoon. Adan a hey, Heather couldn't

1580
01:14:13,680 --> 01:14:15,360
Speaker 3: say he got it wrong the way.

1581
01:14:16,120 --> 01:14:18,080
Speaker 25: No, he didn't want to say he got it wrong.

1582
01:14:18,200 --> 01:14:21,040
Speaker 25: So the question that I asked the governor was back

1583
01:14:21,080 --> 01:14:24,040
Speaker 25: in May when the Reserve Bank suggested the OCI would

1584
01:14:24,080 --> 01:14:27,840
Speaker 25: only be cut later next year. Was the Reserve Bank

1585
01:14:27,920 --> 01:14:31,679
Speaker 25: wrong in May? Or was it bluffing? Was it draw boning,

1586
01:14:31,760 --> 01:14:34,080
Speaker 25: was it trying to talk the market into keeping interest

1587
01:14:34,160 --> 01:14:37,360
Speaker 25: rates elevated? And adrianal said. What he did say was

1588
01:14:37,400 --> 01:14:40,880
Speaker 25: that no, they weren't bluffing, that they weren't you just

1589
01:14:40,920 --> 01:14:44,879
Speaker 25: trying to talk the market into doing what it wanted.

1590
01:14:45,520 --> 01:14:48,479
Speaker 25: But rather than the economic data that has come out

1591
01:14:48,560 --> 01:14:51,800
Speaker 25: since May has suggested that there's the economy is quite

1592
01:14:51,800 --> 01:14:56,160
Speaker 25: a bit weaker than expected, and hence the reason that

1593
01:14:56,240 --> 01:15:01,759
Speaker 25: the IRBNZ cut today and has projected further cuts twenty

1594
01:15:01,800 --> 01:15:05,240
Speaker 25: five basis points, you know, at each next meeting.

1595
01:15:05,640 --> 01:15:08,240
Speaker 3: His argument basically came down to things have changed so

1596
01:15:08,360 --> 01:15:11,840
Speaker 3: much between May and August that suddenly a cut was

1597
01:15:11,920 --> 01:15:14,160
Speaker 3: on was on the cards and actually happening. Do you

1598
01:15:14,200 --> 01:15:14,519
Speaker 3: buy that?

1599
01:15:16,040 --> 01:15:19,240
Speaker 25: Look, I think the consensus among economists was that the

1600
01:15:19,280 --> 01:15:23,120
Speaker 25: Reserve Bank was wrong in May. So back then the

1601
01:15:23,160 --> 01:15:27,759
Speaker 25: economy was not performing strongly. You know, anyone who walks

1602
01:15:27,800 --> 01:15:31,240
Speaker 25: around town or you know, is trying to manage their

1603
01:15:31,280 --> 01:15:34,240
Speaker 25: budget or whatever realizes that that things are not not great.

1604
01:15:34,520 --> 01:15:37,320
Speaker 25: But the Reserve Bank was an outlier at that point.

1605
01:15:37,439 --> 01:15:40,919
Speaker 25: It didn't seem to recognize the weakness and the economy

1606
01:15:40,920 --> 01:15:43,360
Speaker 25: to the extent that everyone else did. I mean, markets

1607
01:15:43,400 --> 01:15:46,200
Speaker 25: back then we were pricing in cuts as well, so

1608
01:15:46,600 --> 01:15:49,240
Speaker 25: you know, they were shocked that the Reserve Bank thought

1609
01:15:50,040 --> 01:15:52,400
Speaker 25: the ocr might need to be hiked again. So I

1610
01:15:52,400 --> 01:15:56,320
Speaker 25: think the consensus ABI and Z was wrong back in May.

1611
01:15:56,439 --> 01:15:59,759
Speaker 3: Yeah, yeah, yeah, totally. Hey, I was actually quite impressed

1612
01:15:59,760 --> 01:16:02,120
Speaker 3: with how he handled it because he is known to

1613
01:16:02,320 --> 01:16:04,479
Speaker 3: like me, he wears his emotions quite close to the skin.

1614
01:16:05,560 --> 01:16:05,760
Speaker 22: Yeah.

1615
01:16:05,800 --> 01:16:07,559
Speaker 25: Look, I mean this is the thing. So I think

1616
01:16:07,600 --> 01:16:09,559
Speaker 25: there's two schools of thought have come out of this

1617
01:16:09,560 --> 01:16:12,559
Speaker 25: flip flop situation. You have people like Brad Olsen, the

1618
01:16:12,640 --> 01:16:16,280
Speaker 25: Infametrix economists, who think the Reserve Bank's credibility has been

1619
01:16:16,280 --> 01:16:20,160
Speaker 25: eroded because it's changed its positions so drastically in such

1620
01:16:20,200 --> 01:16:22,439
Speaker 25: a short space of time. So how do we know

1621
01:16:22,479 --> 01:16:25,519
Speaker 25: when it has these projections? Are they really projections or

1622
01:16:25,880 --> 01:16:28,679
Speaker 25: is it just kind of like basically trying to talk

1623
01:16:28,680 --> 01:16:30,920
Speaker 25: the market this way that way. Then you have other

1624
01:16:31,000 --> 01:16:35,559
Speaker 25: economists like bean Zed's Stephen Topless, and he says, well, yep,

1625
01:16:36,000 --> 01:16:38,280
Speaker 25: probably got it wrong in May, but actually really good

1626
01:16:38,280 --> 01:16:42,640
Speaker 25: that they're correcting their position now, because in Stephen Topless's view,

1627
01:16:42,680 --> 01:16:45,800
Speaker 25: at least a cut was definitely the right call to

1628
01:16:45,880 --> 01:16:49,040
Speaker 25: make today and actually should have been made earlier. So

1629
01:16:49,720 --> 01:16:51,960
Speaker 25: I think it is an interesting tension as to how

1630
01:16:53,040 --> 01:16:54,680
Speaker 25: how critical you want what you want to be of

1631
01:16:55,240 --> 01:16:57,200
Speaker 25: the Irby and Z. The other thing I would point

1632
01:16:57,280 --> 01:17:01,200
Speaker 25: out is that they've started putting emphasis on different data. Previously,

1633
01:17:01,240 --> 01:17:03,519
Speaker 25: it sounded like the Reserve Bank put emphasis on the

1634
01:17:03,560 --> 01:17:07,639
Speaker 25: CPI inflation data, the GDP data, the Tier one data.

1635
01:17:08,000 --> 01:17:10,040
Speaker 25: Now it sounds like they're putting a bit more emphasis

1636
01:17:10,120 --> 01:17:13,280
Speaker 25: on on the business confidence surveys, the Tier two data,

1637
01:17:13,960 --> 01:17:16,680
Speaker 25: some of the more real time information about how the

1638
01:17:16,680 --> 01:17:19,280
Speaker 25: economy is going. That's the sort of that's the sort

1639
01:17:19,280 --> 01:17:23,800
Speaker 25: of information that that markets track really closely. That is perhaps, yeah,

1640
01:17:23,800 --> 01:17:25,360
Speaker 25: perhaps a wee change of approach there.

1641
01:17:25,439 --> 01:17:27,240
Speaker 3: That was very interesting. I noticed that as well, Jennay,

1642
01:17:27,240 --> 01:17:29,839
Speaker 3: thank you so much. Change of training the Herald's Wellington

1643
01:17:29,880 --> 01:17:32,320
Speaker 3: Business editor here the amazing how the banks can increase

1644
01:17:32,360 --> 01:17:33,960
Speaker 3: rates immediately, but it takes them a week or so

1645
01:17:34,040 --> 01:17:35,920
Speaker 3: to drop them for legal reasons. My ass, I think

1646
01:17:35,920 --> 01:17:38,120
Speaker 3: you're onto something. They're joe an actually because kee we Bank.

1647
01:17:38,200 --> 01:17:40,840
Speaker 3: I stand to be corrected, but they and A and

1648
01:17:40,920 --> 01:17:42,960
Speaker 3: Z also drop their rates today, and I don't see

1649
01:17:42,960 --> 01:17:44,840
Speaker 3: any disclaimer saying you have to wait till next week

1650
01:17:44,880 --> 01:17:47,720
Speaker 3: to lock into those ones. And look, that may be

1651
01:17:47,960 --> 01:17:50,439
Speaker 3: that maybe Keywi Bank and A and Z were anticipating this,

1652
01:17:50,479 --> 01:17:51,680
Speaker 3: so I got their ducks in a row for the

1653
01:17:51,720 --> 01:17:56,240
Speaker 3: potential to do that. Maybe, but I'm suspicious like you

1654
01:17:56,439 --> 01:17:59,840
Speaker 3: speaking of suspicious. Looks like our suspicions were right. Yes,

1655
01:17:59,840 --> 01:18:02,920
Speaker 3: today that Contact and Genesis have had to pay through

1656
01:18:02,960 --> 01:18:06,000
Speaker 3: the nose to buy that gas that Methinx is now

1657
01:18:06,040 --> 01:18:08,240
Speaker 3: not using because it's shut itself down until the end

1658
01:18:08,240 --> 01:18:11,559
Speaker 3: of October. Theyan still refusing to say how much they've paid.

1659
01:18:12,479 --> 01:18:15,240
Speaker 3: But Business Desk has done some back of the envelope calculations,

1660
01:18:15,640 --> 01:18:18,760
Speaker 3: so they looked at what Methinix reported last quarter, its

1661
01:18:18,760 --> 01:18:21,639
Speaker 3: New Zealand operation produced one hundred and seventy eight thousand

1662
01:18:21,680 --> 01:18:25,360
Speaker 3: tons of methanol. Its global average price was five hundred

1663
01:18:25,360 --> 01:18:28,160
Speaker 3: and eighty three eighty four dollars a ton, So basically

1664
01:18:28,320 --> 01:18:31,040
Speaker 3: do the maths and it indicates earnings of about one

1665
01:18:31,080 --> 01:18:33,800
Speaker 3: hundred million dollars about one hundred and three million dollars. Now,

1666
01:18:33,880 --> 01:18:37,040
Speaker 3: Methinex has said by shutting down and on selling the gas,

1667
01:18:37,080 --> 01:18:39,599
Speaker 3: they make more than they would have made by selling it.

1668
01:18:39,960 --> 01:18:43,519
Speaker 3: So Contact and Genesis have between themselves based on this

1669
01:18:44,080 --> 01:18:46,599
Speaker 3: paid methin x more than one hundred and three million

1670
01:18:46,640 --> 01:18:49,320
Speaker 3: dollars for the gas, which is a big price tag

1671
01:18:49,560 --> 01:18:50,400
Speaker 3: six twenty.

1672
01:18:50,120 --> 01:18:54,719
Speaker 2: Two, whether it's macro, MicroB for just plain economics, it's

1673
01:18:54,760 --> 01:18:57,760
Speaker 2: all on the Business Hour with Heather Duplicy Allen and

1674
01:18:58,040 --> 01:19:02,120
Speaker 2: my HR, the HR platform for SIP hither.

1675
01:19:02,160 --> 01:19:04,160
Speaker 3: I wish you talk about TSP as well. They dropped

1676
01:19:04,160 --> 01:19:05,960
Speaker 3: their rates today. They are a new Zealand bank. We

1677
01:19:06,000 --> 01:19:07,920
Speaker 3: should be supporting them. They actually fair point, they actually

1678
01:19:07,960 --> 01:19:10,600
Speaker 3: dropped their rates yesterday. The bank they, as far as

1679
01:19:10,640 --> 01:19:12,160
Speaker 3: I can tell, the only bank they dropped their rates

1680
01:19:12,200 --> 01:19:15,559
Speaker 3: in anticipation of what might happen tomorrow today. So of

1681
01:19:15,640 --> 01:19:17,479
Speaker 3: all the banks with courage, it was them right now

1682
01:19:17,479 --> 01:19:21,120
Speaker 3: at six twenty five. Now, Caitlin Parker Milford Act Management

1683
01:19:21,200 --> 01:19:24,519
Speaker 3: is with us a Kitlin hiream. I'm very well. Thank you.

1684
01:19:24,560 --> 01:19:26,679
Speaker 3: Had the markets react to the ocr cut.

1685
01:19:27,560 --> 01:19:30,760
Speaker 26: Yeah, Look, interest rates across the current we saw them

1686
01:19:30,800 --> 01:19:33,280
Speaker 26: move lower about point one percent or so on the

1687
01:19:33,320 --> 01:19:37,840
Speaker 26: back of THEOCAR quit today. But interest rates have already.

1688
01:19:37,520 --> 01:19:39,800
Speaker 17: Moved significantly lower in the lead up to this meeting.

1689
01:19:39,880 --> 01:19:42,720
Speaker 26: So you know, take the two year interest rate, the

1690
01:19:42,760 --> 01:19:45,240
Speaker 26: swap rate. That's a real bell weather from mortgage rates

1691
01:19:45,439 --> 01:19:47,599
Speaker 26: that was down close to a percent over the past

1692
01:19:47,640 --> 01:19:50,680
Speaker 26: next weeks feeding into the meeting today. So we had

1693
01:19:50,720 --> 01:19:53,920
Speaker 26: already seen you know, decent moves lower in interest rates.

1694
01:19:53,920 --> 01:19:56,680
Speaker 26: And then I think about currency, and if we think

1695
01:19:56,720 --> 01:19:58,880
Speaker 26: about the New Zealand dollar no versus the Aussie dollar,

1696
01:19:58,920 --> 01:20:01,400
Speaker 26: you would expect that it's going to pretty strong given

1697
01:20:01,520 --> 01:20:04,280
Speaker 26: we now have diverging monetary policies. So New Zealand has

1698
01:20:04,320 --> 01:20:06,880
Speaker 26: embarked on this cutting cycle versus our neighbors and Aussie

1699
01:20:06,880 --> 01:20:08,080
Speaker 26: are now remaining.

1700
01:20:07,840 --> 01:20:09,120
Speaker 17: Firmly on a hold as it is.

1701
01:20:09,160 --> 01:20:11,760
Speaker 26: But I would expect of these market reactions that they

1702
01:20:11,800 --> 01:20:14,719
Speaker 26: will likely extend over the next twelve twenty four hours

1703
01:20:14,720 --> 01:20:17,360
Speaker 26: as offshore markets get involved and digest the cut today.

1704
01:20:17,439 --> 01:20:19,160
Speaker 3: All right now, on the sheer market, we've got a

1705
01:20:19,200 --> 01:20:21,280
Speaker 3: lot of interest rates seen sortive companies and so I

1706
01:20:21,280 --> 01:20:23,599
Speaker 3: imagine this would be a welcome relief to them.

1707
01:20:23,680 --> 01:20:27,799
Speaker 26: Yeah, yeah, definitely. So you know, in particular, property companies,

1708
01:20:27,840 --> 01:20:32,479
Speaker 26: retirement villages, retailers, their serprise, their movement, in their surprise,

1709
01:20:32,479 --> 01:20:34,400
Speaker 26: they're all seeing the benefit of that cut. Today, we

1710
01:20:34,520 --> 01:20:37,680
Speaker 26: really saw in particular names that were quite beaten up

1711
01:20:37,720 --> 01:20:41,080
Speaker 26: going for the duration of this year and pretty unloved.

1712
01:20:41,080 --> 01:20:43,559
Speaker 26: We saw them come back into favor. So names like

1713
01:20:43,640 --> 01:20:45,800
Speaker 26: key Meet Property Group end of the day up about

1714
01:20:45,800 --> 01:20:48,759
Speaker 26: five and a half percent, Catman Do up about seven percent,

1715
01:20:48,840 --> 01:20:51,360
Speaker 26: and that was going in comparison to the overall New

1716
01:20:51,479 --> 01:20:53,960
Speaker 26: Zealand share market, which end of the day up about

1717
01:20:53,960 --> 01:20:56,639
Speaker 26: a percent and a half. So good performance from those

1718
01:20:56,840 --> 01:20:59,040
Speaker 26: right sensitive companies and taking back a bit of the

1719
01:20:59,080 --> 01:21:01,679
Speaker 26: underperformance that we've already seen today.

1720
01:21:02,520 --> 01:21:04,640
Speaker 3: So the fact that we're cutting rights already and that

1721
01:21:04,720 --> 01:21:07,479
Speaker 3: the forecast is that these right cats will keep on coming,

1722
01:21:07,520 --> 01:21:08,920
Speaker 3: do you think this is going to cushion the blow

1723
01:21:08,960 --> 01:21:09,639
Speaker 3: to the economy.

1724
01:21:10,960 --> 01:21:13,560
Speaker 26: Yeah, Look, it's something that only time will tell. And

1725
01:21:13,720 --> 01:21:16,040
Speaker 26: Governer Orders said today that we're likely in the darkest

1726
01:21:16,040 --> 01:21:18,880
Speaker 26: period right now. So you know, granted we have had

1727
01:21:18,960 --> 01:21:22,320
Speaker 26: technical recessions, but ultimately for the most part and in

1728
01:21:22,439 --> 01:21:25,000
Speaker 26: terms of the hard data that we get, we have

1729
01:21:25,120 --> 01:21:28,719
Speaker 26: avoided that hard landing with everything coming crashing down at once.

1730
01:21:28,800 --> 01:21:32,000
Speaker 26: But our data is lagging in terms of you know, GDP,

1731
01:21:32,439 --> 01:21:36,639
Speaker 26: unemployment and inflation and risks really are pointing towards worsening

1732
01:21:36,640 --> 01:21:39,000
Speaker 26: the economies and pressures are really mounting. You know, we

1733
01:21:39,040 --> 01:21:42,320
Speaker 26: know unemployment is climbing, growth is negative and it's likely

1734
01:21:42,360 --> 01:21:45,639
Speaker 26: to remain. So the housing markets muted, and we migration

1735
01:21:45,800 --> 01:21:48,280
Speaker 26: falling with the mass exodus of Kiwis to Uzzi. So

1736
01:21:48,760 --> 01:21:50,880
Speaker 26: you know, even if we look externally, the US is

1737
01:21:50,920 --> 01:21:53,880
Speaker 26: slowing and China is pretty looked in to start stimulating

1738
01:21:53,880 --> 01:21:56,720
Speaker 26: its economy. So there is a real chance that the

1739
01:21:56,800 --> 01:21:58,880
Speaker 26: Urbians that you know, we were the first to hike,

1740
01:21:59,000 --> 01:22:01,080
Speaker 26: they could be too late. Don't into cut today, and

1741
01:22:01,360 --> 01:22:03,160
Speaker 26: we could already have a lot of damage done to

1742
01:22:03,200 --> 01:22:05,920
Speaker 26: the economy. But you know, unfortunately, only time is going

1743
01:22:06,000 --> 01:22:06,959
Speaker 26: to tell Yeah.

1744
01:22:06,760 --> 01:22:08,479
Speaker 3: Hey, Caitlyn, thanks for running us through that, man. I

1745
01:22:08,520 --> 01:22:10,879
Speaker 3: really appreciate it. This Kaitlin Park and Milford Acid Management.

1746
01:22:11,720 --> 01:22:14,559
Speaker 3: We're going to go to Ukraine next fools. He moved

1747
01:22:14,560 --> 01:22:17,760
Speaker 3: from the Ukrainians doing a counter invasion of Russia. So

1748
01:22:17,800 --> 01:22:20,559
Speaker 3: we'll find out exactly how long this is likely to last.

1749
01:22:20,600 --> 01:22:22,799
Speaker 3: I mean we're talking days and weeks, not really months.

1750
01:22:23,040 --> 01:22:25,479
Speaker 3: How long it's likely to last last, how much pressure

1751
01:22:25,479 --> 01:22:28,479
Speaker 3: it's putting on poos and what happens next. Headline's next.

1752
01:22:35,320 --> 01:22:39,240
Speaker 2: Everything from SMEs to the big corporates. The Business Hour

1753
01:22:39,360 --> 01:22:42,639
Speaker 2: with Heather duple c Allen and my HR, the HR

1754
01:22:42,760 --> 01:22:44,559
Speaker 2: platform for SME US talks.

1755
01:22:44,560 --> 01:22:55,800
Speaker 1: They'd be so when do we go? Demme was.

1756
01:23:03,800 --> 01:23:06,439
Speaker 3: Okay. So yesterday, by the way, we're going to go

1757
01:23:06,439 --> 01:23:08,679
Speaker 3: to Gavangray in the UK. Ten minutes yesterday I warned

1758
01:23:08,720 --> 01:23:10,439
Speaker 3: you that the media we're going to start feeding us

1759
01:23:10,479 --> 01:23:13,240
Speaker 3: a little diet of SOB stories from beneficiary's being punished

1760
01:23:13,240 --> 01:23:16,360
Speaker 3: by this heartless government. And what do we have today?

1761
01:23:16,760 --> 01:23:19,400
Speaker 3: The first of them a SOB story about a beneficiary

1762
01:23:19,479 --> 01:23:22,120
Speaker 3: being punished by this heartless government. But the best bit

1763
01:23:22,120 --> 01:23:25,280
Speaker 3: about this is it's actually wrong. So I'm going to

1764
01:23:25,360 --> 01:23:27,240
Speaker 3: run you through that very shortly. You're gonna want to

1765
01:23:27,280 --> 01:23:29,520
Speaker 3: hear this one twenty three away from seven.

1766
01:23:29,920 --> 01:23:31,120
Speaker 1: Heather Duper see Alan.

1767
01:23:31,320 --> 01:23:33,240
Speaker 3: As we know in the last few days, Ukraine has

1768
01:23:33,320 --> 01:23:36,479
Speaker 3: launched a surprise counter invasion of Russia. Now Ukraine reckons

1769
01:23:36,479 --> 01:23:39,040
Speaker 3: it's in control of seventy four Russian settlements in the

1770
01:23:39,120 --> 01:23:42,519
Speaker 3: Kursk region. The governor of the Russian governor of the

1771
01:23:42,520 --> 01:23:45,120
Speaker 3: border area has declared a region wide state of emergency.

1772
01:23:45,120 --> 01:23:49,000
Speaker 3: He's appealing to potent declare a federal emergency situation. You

1773
01:23:49,160 --> 01:23:51,519
Speaker 3: McDonald is the editor of New Voice of Ukraine and

1774
01:23:51,640 --> 01:23:53,200
Speaker 3: is with us from Kiev. Hey ewan.

1775
01:23:54,840 --> 01:23:55,120
Speaker 27: Hella.

1776
01:23:55,560 --> 01:23:57,680
Speaker 3: Sounds like this was possible because Russia got a bit

1777
01:23:57,760 --> 01:24:00,439
Speaker 3: complacent and wasn't guarding its own border properly. Is that

1778
01:24:00,479 --> 01:24:00,960
Speaker 3: what happened?

1779
01:24:03,160 --> 01:24:06,200
Speaker 27: Possibly the Russia has thrown a lot of its main

1780
01:24:06,560 --> 01:24:10,320
Speaker 27: troops into battle in the Dombas in the south and

1781
01:24:10,360 --> 01:24:13,519
Speaker 27: east of Ukraine, and I don't think it was expecting

1782
01:24:13,520 --> 01:24:14,759
Speaker 27: an attack across its border.

1783
01:24:15,600 --> 01:24:17,680
Speaker 3: So the point of what Ukraine is trying to do

1784
01:24:17,800 --> 01:24:22,120
Speaker 3: is essentially draw resources over to another area. Right therefore,

1785
01:24:22,240 --> 01:24:24,880
Speaker 3: drawing resources at Russian resources out of Ukraine. Is it

1786
01:24:24,960 --> 01:24:25,439
Speaker 3: going to work?

1787
01:24:27,360 --> 01:24:30,360
Speaker 27: It seems to be, because there are reports that Russia

1788
01:24:30,400 --> 01:24:32,920
Speaker 27: has moved some of its units away from its own

1789
01:24:32,960 --> 01:24:38,240
Speaker 27: incursion into Ukrainian territory in the northeast of Ukraine near Kharkiv.

1790
01:24:38,960 --> 01:24:41,160
Speaker 27: Some of the units are there supposed to be heading

1791
01:24:41,200 --> 01:24:45,000
Speaker 27: towards Coursk at the moment, as according to reports by

1792
01:24:45,080 --> 01:24:49,879
Speaker 27: Russian million bloggers military bloggers. So this could be happening.

1793
01:24:49,960 --> 01:24:50,959
Speaker 4: It could be part.

1794
01:24:50,760 --> 01:24:54,080
Speaker 27: Of the reason why the incursion was launched, but it

1795
01:24:54,120 --> 01:24:58,439
Speaker 27: also could be a way to gain some leverage against

1796
01:24:58,520 --> 01:25:01,439
Speaker 27: Russia in future. Piece top if there's going to be

1797
01:25:01,479 --> 01:25:04,120
Speaker 27: an exchange of land, right.

1798
01:25:04,280 --> 01:25:07,479
Speaker 3: Is that a realistic possibility because the I mean, this

1799
01:25:07,560 --> 01:25:09,840
Speaker 3: is what we're looking at with a potential Trump presidency

1800
01:25:09,920 --> 01:25:12,400
Speaker 3: right there, he forces them to give up land and

1801
01:25:12,439 --> 01:25:15,120
Speaker 3: sue for peace. Is this Zelensky preparing for that?

1802
01:25:17,360 --> 01:25:22,479
Speaker 27: Yes, it would be because if the lines were frozen

1803
01:25:22,600 --> 01:25:25,280
Speaker 27: as before, that would have left Russia in control of

1804
01:25:25,360 --> 01:25:29,519
Speaker 27: Ukrainian territory and Ukraine not with any Russian territory to control.

1805
01:25:29,800 --> 01:25:32,800
Speaker 27: So this may be a way of Ukraine hedging that

1806
01:25:32,920 --> 01:25:36,400
Speaker 27: against that by taking control of some Ukraine of Russian

1807
01:25:36,479 --> 01:25:39,920
Speaker 27: territory in order to make it more difficult for Russia

1808
01:25:39,960 --> 01:25:45,320
Speaker 27: simply to freeze the lines, take effective control fully of

1809
01:25:45,640 --> 01:25:50,960
Speaker 27: Ukrainian territory, and then later if going by past experience,

1810
01:25:51,120 --> 01:25:54,160
Speaker 27: Russia restart the war and take more territory.

1811
01:25:54,240 --> 01:25:57,519
Speaker 3: You and that would require, though the Ukrainians to stay

1812
01:25:57,520 --> 01:26:00,240
Speaker 3: there for potentially months. Have they got the ability to

1813
01:26:00,280 --> 01:26:00,519
Speaker 3: do that?

1814
01:26:03,160 --> 01:26:03,519
Speaker 4: Well?

1815
01:26:03,720 --> 01:26:07,840
Speaker 27: The pocket in Kursk is still expanding as far as

1816
01:26:07,880 --> 01:26:10,320
Speaker 27: we can tell from the reports coming out at least

1817
01:26:10,320 --> 01:26:16,120
Speaker 27: from the Russian side from independent military bloggers. What they

1818
01:26:16,160 --> 01:26:18,639
Speaker 27: could be doing is taking as much territory as they can,

1819
01:26:18,720 --> 01:26:23,360
Speaker 27: then digging in preparing defensive positions and then they'll fall

1820
01:26:23,400 --> 01:26:26,879
Speaker 27: back to those, and it seems it could be possible

1821
01:26:26,880 --> 01:26:29,679
Speaker 27: that they would hold territory because the lines in Ukraine

1822
01:26:29,680 --> 01:26:32,600
Speaker 27: have been pretty static for the last year and a

1823
01:26:32,640 --> 01:26:37,120
Speaker 27: half or so, in fact, almost since the September of

1824
01:26:37,439 --> 01:26:41,519
Speaker 27: twenty twenty two, when the last big Ukrainian offensive that

1825
01:26:41,560 --> 01:26:45,280
Speaker 27: took territory in Kharkiv Oblast happened. Since then, the lines

1826
01:26:45,280 --> 01:26:47,920
Speaker 27: have been pretty static, and if Ukraine can establish new

1827
01:26:47,960 --> 01:26:50,439
Speaker 27: lines in Russia, it might be able to stay there

1828
01:26:50,439 --> 01:26:51,000
Speaker 27: for a while.

1829
01:26:51,280 --> 01:26:53,640
Speaker 3: Right, is there any risk here to Ukraine? I mean,

1830
01:26:53,640 --> 01:26:55,080
Speaker 3: it was pointed out to me that part of the

1831
01:26:55,160 --> 01:26:57,479
Speaker 3: risk that they now face is that if they are

1832
01:26:57,520 --> 01:27:01,519
Speaker 3: affecting civilians with their attack, that might be used as

1833
01:27:01,560 --> 01:27:03,800
Speaker 3: propaganda against them.

1834
01:27:04,520 --> 01:27:07,880
Speaker 27: It undoubtedly will be used as propaganda against them, but

1835
01:27:08,040 --> 01:27:11,960
Speaker 27: it's also good peeking or for Ukraine's side to show

1836
01:27:12,000 --> 01:27:15,240
Speaker 27: that it can still go on the offensive. It's taken

1837
01:27:15,280 --> 01:27:17,760
Speaker 27: the initiative back from Russia basically at the moment, because

1838
01:27:17,840 --> 01:27:20,479
Speaker 27: Russia was attacking all the time for most of this year,

1839
01:27:20,880 --> 01:27:23,920
Speaker 27: and it was it was seeming like Ukraine was losing

1840
01:27:23,920 --> 01:27:27,040
Speaker 27: that was in territory all the time. Now they've reversed

1841
01:27:27,160 --> 01:27:31,240
Speaker 27: that narrative, and they've shown that Russia is not able

1842
01:27:31,240 --> 01:27:35,639
Speaker 27: to protect us on borders. They've made Putin's regime look weak,

1843
01:27:36,520 --> 01:27:39,760
Speaker 27: and they've shown that they've shown the Russians that the

1844
01:27:39,800 --> 01:27:41,960
Speaker 27: war can come to them, it can affect them.

1845
01:27:42,600 --> 01:27:44,360
Speaker 3: You and thank you very much for un us. It's

1846
01:27:44,360 --> 01:27:45,840
Speaker 3: good to talk to you again. Look after yourself. That's

1847
01:27:45,840 --> 01:27:48,040
Speaker 3: you and McDonald, the editor of a new Voice of

1848
01:27:48,120 --> 01:27:49,639
Speaker 3: Ukraine nineteen away from seven.

1849
01:27:51,120 --> 01:27:53,439
Speaker 1: Either duplicy Ellen, I'm gonna.

1850
01:27:53,240 --> 01:27:56,080
Speaker 3: Get, I'm going to get, don't worry to the beneficiary thing.

1851
01:27:56,120 --> 01:27:59,600
Speaker 3: But first turns out the Auckland Mayor, Wayne Brown's got

1852
01:27:59,600 --> 01:28:02,880
Speaker 3: a podcast, asked he's already onto episode two. Didn't know

1853
01:28:02,880 --> 01:28:04,840
Speaker 3: anything about it, but yeah, episode two we're on to

1854
01:28:04,960 --> 01:28:07,479
Speaker 3: dropped yesterday. He interviews Gor mayor Ben Bell.

1855
01:28:08,560 --> 01:28:11,559
Speaker 13: Okay, nice to meet you, young Ben Belt from Gore.

1856
01:28:11,720 --> 01:28:15,599
Speaker 4: This is Ben Bell from Gore, my walking listeners.

1857
01:28:15,640 --> 01:28:17,679
Speaker 13: I have no idea where it is, but that's somewhere now.

1858
01:28:17,680 --> 01:28:19,880
Speaker 3: Sir gets off to a bit of a rocky start.

1859
01:28:19,960 --> 01:28:22,200
Speaker 13: So what are you doing up here in Auckland, Ben Bell,

1860
01:28:22,360 --> 01:28:23,080
Speaker 13: the mayor of Gore.

1861
01:28:23,320 --> 01:28:25,400
Speaker 4: I'm up here for the Nie Zealand Maryal.

1862
01:28:25,160 --> 01:28:27,479
Speaker 13: Forum in New Zealand maryl Forum.

1863
01:28:27,800 --> 01:28:28,439
Speaker 4: Never heard of it.

1864
01:28:28,520 --> 01:28:28,840
Speaker 11: What's that?

1865
01:28:29,720 --> 01:28:32,200
Speaker 3: So Innie Zealand brings all of us mears together and

1866
01:28:32,240 --> 01:28:36,360
Speaker 3: we talk about domestic opportunities and how we can improve

1867
01:28:36,400 --> 01:28:40,080
Speaker 3: travel around the country, which is pretty specially. The problem

1868
01:28:40,200 --> 01:28:45,799
Speaker 3: is nobody invited Wayne Brown to the New Zealand Maryal Forum.

1869
01:28:45,960 --> 01:28:46,920
Speaker 4: Yeah, that's interesting.

1870
01:28:47,000 --> 01:28:51,240
Speaker 13: So that the en Year Zealand bring the mayors for

1871
01:28:51,320 --> 01:28:53,559
Speaker 13: the two Thursdy of Year Zealand and I'm not the

1872
01:28:53,640 --> 01:28:55,920
Speaker 13: mayor of it need to my town and I have

1873
01:28:56,040 --> 01:28:57,120
Speaker 13: no idea about it.

1874
01:28:57,520 --> 01:28:59,360
Speaker 4: That's going on next door, so you should pop up.

1875
01:29:00,040 --> 01:29:01,960
Speaker 13: Well, I don't take it fly in New Zealand again,

1876
01:29:02,000 --> 01:29:05,800
Speaker 13: he actually walk, but it's typical of a kind of

1877
01:29:05,800 --> 01:29:08,400
Speaker 13: a government owned thing like in New Zealand. I suppose

1878
01:29:08,720 --> 01:29:11,000
Speaker 13: I haven't quite forgiven them for turning off the flights

1879
01:29:11,000 --> 01:29:11,679
Speaker 13: to Kai Tire.

1880
01:29:12,240 --> 01:29:14,439
Speaker 3: Wayne is now less of a fan of in New

1881
01:29:14,560 --> 01:29:17,160
Speaker 3: Zealand than he already was. He has not flown in

1882
01:29:17,200 --> 01:29:18,559
Speaker 3: New Zealand in a long time.

1883
01:29:18,960 --> 01:29:22,160
Speaker 13: I haven't actually phone and on the New Zealand since

1884
01:29:22,160 --> 01:29:25,639
Speaker 13: I've been the mayor. Really, wow, I don't go to Willington.

1885
01:29:25,720 --> 01:29:28,439
Speaker 13: I found that the Prime ministers all come and sit

1886
01:29:28,520 --> 01:29:30,760
Speaker 13: there and so, ah see, I don't have that kind

1887
01:29:30,760 --> 01:29:31,400
Speaker 13: of pulling gore.

1888
01:29:32,200 --> 01:29:35,080
Speaker 3: Maybe that's why he wasn't invited, just saying to the

1889
01:29:35,120 --> 01:29:38,479
Speaker 3: mayor forum anyway, moving on, moving on, he actually has

1890
01:29:38,840 --> 01:29:42,000
Speaker 3: He's said this before. He gets on very well with

1891
01:29:42,120 --> 01:29:43,519
Speaker 3: Chloe Swarbrick, the local MP.

1892
01:29:44,280 --> 01:29:47,479
Speaker 4: So I think you'd even give all these interviews with Coen? Yeah, sure, yes,

1893
01:29:47,520 --> 01:29:49,400
Speaker 4: definitely one day. And I don't have a beer together.

1894
01:29:49,439 --> 01:29:51,680
Speaker 13: Quite often people dropped the drinks when I see it's

1895
01:29:51,680 --> 01:29:55,840
Speaker 13: in the pub. And so in terms of green and so,

1896
01:29:55,880 --> 01:29:57,680
Speaker 13: I'm more green than she is. I walked to work

1897
01:29:57,720 --> 01:29:59,479
Speaker 13: and she gets in an aeroplane and goes to work.

1898
01:30:00,560 --> 01:30:04,080
Speaker 3: Oh hold my beer. That what a great sledge. Yeah

1899
01:30:04,120 --> 01:30:09,679
Speaker 3: that's right, Chloe planet burning Wayne, do you walking to work?

1900
01:30:09,880 --> 01:30:12,400
Speaker 3: He's the real greenie, isn't he. He's putting, He's putting

1901
01:30:12,439 --> 01:30:14,720
Speaker 3: the old He's walking the walk, isn't he? She's just

1902
01:30:14,760 --> 01:30:17,840
Speaker 3: talking the talk? Anyway? I can guarantee you this this

1903
01:30:17,920 --> 01:30:20,439
Speaker 3: show here, the diplacy Allen Drive is going to be

1904
01:30:20,479 --> 01:30:23,479
Speaker 3: all over this podcast because I think there's going to

1905
01:30:23,520 --> 01:30:26,360
Speaker 3: be gems in this one. A Hey, Laura, Laura the producer.

1906
01:30:26,400 --> 01:30:27,680
Speaker 3: It's your job. Now it's her job.

1907
01:30:28,080 --> 01:30:29,200
Speaker 13: Have you been invited on yet?

1908
01:30:29,240 --> 01:30:32,360
Speaker 3: Heather onto his podcast? Yeah, I mean he's had been

1909
01:30:32,439 --> 01:30:35,880
Speaker 3: bell I'm surely episode two, I mean giving it Brak, Sure.

1910
01:30:35,880 --> 01:30:37,240
Speaker 9: Surely you were in the top ten.

1911
01:30:37,439 --> 01:30:39,920
Speaker 3: Would I be allowed to say yes? I don't think so.

1912
01:30:40,880 --> 01:30:43,880
Speaker 3: I feel like I feel like I feel like Wayne

1913
01:30:43,920 --> 01:30:45,880
Speaker 3: is one of those interviewers where you'd go in and

1914
01:30:45,880 --> 01:30:47,400
Speaker 3: you'd be like, that's just Wayne. We're just going for

1915
01:30:47,400 --> 01:30:49,720
Speaker 3: a chat and next minute you're talking about something that

1916
01:30:49,760 --> 01:30:52,559
Speaker 3: you did that when you were drunk twenty years ago,

1917
01:30:52,680 --> 01:30:54,479
Speaker 3: and you know, like he's gonna get stuff out of you.

1918
01:30:54,479 --> 01:30:56,400
Speaker 9: Shoot more we talk about that.

1919
01:30:56,479 --> 01:30:59,040
Speaker 3: I think I think I am making myself quite appealing

1920
01:30:59,080 --> 01:31:00,800
Speaker 3: to him. But I think pretty much my boss, who

1921
01:31:00,880 --> 01:31:03,280
Speaker 3: will undoubtedly be listening, is at this moment going and

1922
01:31:03,520 --> 01:31:06,960
Speaker 3: when she sees that to his pa, absolutely a no.

1923
01:31:07,479 --> 01:31:08,680
Speaker 3: Kevin Gray nixt quarter to two.

1924
01:31:09,280 --> 01:31:11,920
Speaker 1: If it's to do with money, it matters to you.

1925
01:31:12,240 --> 01:31:16,080
Speaker 2: The Business Hour with Hither Duplicy Ellen and my HR,

1926
01:31:16,360 --> 01:31:19,120
Speaker 2: the HR platform for SME US talk, said.

1927
01:31:18,960 --> 01:31:22,200
Speaker 3: B Kevin Gray. Are UK correspondents with us right now? Hey, Kevin,

1928
01:31:22,960 --> 01:31:25,720
Speaker 3: either yes, but worrying? Are you your inflation rate's gone

1929
01:31:25,760 --> 01:31:26,080
Speaker 3: up again.

1930
01:31:27,040 --> 01:31:30,080
Speaker 28: Yes, it has, only a little bit, and it was predicted,

1931
01:31:30,200 --> 01:31:32,920
Speaker 28: but it is bad news. Prices have risen by two

1932
01:31:33,000 --> 01:31:35,920
Speaker 28: point two percent in the year to July. That's up

1933
01:31:35,960 --> 01:31:39,439
Speaker 28: from two percent, and it's two point zero percent, which

1934
01:31:39,479 --> 01:31:42,000
Speaker 28: is the official target of the Bank of England. So

1935
01:31:42,120 --> 01:31:45,160
Speaker 28: although this was widely expected, it's thought largely to be

1936
01:31:45,560 --> 01:31:49,479
Speaker 28: due to prices of gas and electricity falling by less

1937
01:31:49,920 --> 01:31:52,240
Speaker 28: than they did a year before, so it's kind of

1938
01:31:52,439 --> 01:31:56,479
Speaker 28: an odd anomaly. The Bank does expect inflation to rise

1939
01:31:56,520 --> 01:31:59,439
Speaker 28: further this year before falling back again, and of course

1940
01:31:59,479 --> 01:32:03,840
Speaker 28: that's because we have had one interest rate cup only

1941
01:32:03,840 --> 01:32:06,880
Speaker 28: a little bit, but the first one for many many months,

1942
01:32:07,560 --> 01:32:10,200
Speaker 28: and that was meant to try and come and encourage

1943
01:32:10,240 --> 01:32:13,840
Speaker 28: the economy. But it has potentially boosted inflation again. So

1944
01:32:13,880 --> 01:32:16,439
Speaker 28: at two point two percent, well, let me go around

1945
01:32:16,479 --> 01:32:19,439
Speaker 28: a few countries. Germany two point six percent, France two

1946
01:32:19,479 --> 01:32:23,120
Speaker 28: point six percent, the Eurozone two point six percent, US

1947
01:32:23,320 --> 01:32:26,000
Speaker 28: three percent, So we are keeping it down, but yeah,

1948
01:32:26,040 --> 01:32:27,519
Speaker 28: our rise will be of concern.

1949
01:32:27,800 --> 01:32:30,439
Speaker 3: Yeah. On the bright side, though, unemployment is looking a.

1950
01:32:30,400 --> 01:32:34,800
Speaker 28: Lot better, Yes it is. It's an interesting one. This

1951
01:32:34,880 --> 01:32:39,560
Speaker 28: is unemployed because the figures are really quite mixed. Unemployment

1952
01:32:39,720 --> 01:32:42,280
Speaker 28: was four point two percent for the three months to

1953
01:32:42,320 --> 01:32:44,160
Speaker 28: the end of June. That it's down to four from

1954
01:32:44,439 --> 01:32:49,480
Speaker 28: four point four percent. But interestingly, wage growth has continued

1955
01:32:49,479 --> 01:32:53,120
Speaker 28: to slow. That's now got an annualate of five point

1956
01:32:53,160 --> 01:32:55,800
Speaker 28: four percent, the weakest for around two years. What does

1957
01:32:55,840 --> 01:32:59,040
Speaker 28: this mean? Well, people are saying we shouldn't give too

1958
01:32:59,120 --> 01:33:02,200
Speaker 28: much weight to the job figures at the moment because

1959
01:33:03,200 --> 01:33:06,800
Speaker 28: we just think things are tentative between growth and not

1960
01:33:06,920 --> 01:33:10,960
Speaker 28: growing very much. So this interest rate cut two five

1961
01:33:10,960 --> 01:33:13,599
Speaker 28: percent from five and a quarter percent earlier this month

1962
01:33:13,720 --> 01:33:17,040
Speaker 28: is another interesting thing. The first relection for four years.

1963
01:33:17,360 --> 01:33:21,679
Speaker 28: Will that boost growth? Will that encourage people to borrow

1964
01:33:21,760 --> 01:33:25,600
Speaker 28: and therefore lead to businesses growing well? That will have

1965
01:33:25,680 --> 01:33:28,800
Speaker 28: to wait to see. But the slow growth wage is

1966
01:33:29,360 --> 01:33:33,839
Speaker 28: come after huge pay demands and indeed today the government

1967
01:33:33,880 --> 01:33:36,200
Speaker 28: is said to be intervening in a long running pay

1968
01:33:36,280 --> 01:33:40,880
Speaker 28: dispute with the rail unions and while some criticize the

1969
01:33:40,920 --> 01:33:45,320
Speaker 28: government are fearing a massive over inflation pay rise for them.

1970
01:33:45,680 --> 01:33:48,360
Speaker 3: Now Gevin explain to me this bristfeeding thing they're doing

1971
01:33:48,360 --> 01:33:49,080
Speaker 3: at Dublin Zoo.

1972
01:33:50,040 --> 01:33:55,880
Speaker 28: Yeah, lovely. So apparently orangutangs learn by mirroring behavior. And

1973
01:33:55,960 --> 01:34:00,400
Speaker 28: when a nineteen year old orangutang called Modere gave birth

1974
01:34:00,479 --> 01:34:02,719
Speaker 28: to a healthy male baby at the end of July

1975
01:34:02,880 --> 01:34:07,120
Speaker 28: at Dublin Zoo, there was big cheer and big smiling faces.

1976
01:34:07,160 --> 01:34:12,759
Speaker 28: But sadly the mother has not been breastfeeding her young baby,

1977
01:34:12,800 --> 01:34:15,320
Speaker 28: and over the past few months the zoo has been

1978
01:34:15,439 --> 01:34:19,120
Speaker 28: arranging a program which has now kicked in and thirty

1979
01:34:19,520 --> 01:34:24,040
Speaker 28: new mothers are taking terms to breastfeed their children behind glass,

1980
01:34:24,080 --> 01:34:27,839
Speaker 28: of course, but in front of the pregnant orangutang, hoping

1981
01:34:28,160 --> 01:34:30,599
Speaker 28: they will be able to encourage and she will learn

1982
01:34:30,680 --> 01:34:35,479
Speaker 28: the lactation process from them. Mudieu. This orangutang has previously

1983
01:34:35,520 --> 01:34:38,400
Speaker 28: given birth to two babies in twenty nineteen and twenty

1984
01:34:38,479 --> 01:34:42,000
Speaker 28: twenty two, but apparently the zoo said, well, she didn't

1985
01:34:42,040 --> 01:34:45,720
Speaker 28: really exhibit the necessary maternal qualities and both died, and

1986
01:34:45,760 --> 01:34:48,839
Speaker 28: that's why they're hoping this particular baby will be different.

1987
01:34:49,240 --> 01:34:51,800
Speaker 28: If she can pick up on the big hints of

1988
01:34:51,920 --> 01:34:55,720
Speaker 28: humans breastfeeding right outside her window. Now she comes to

1989
01:34:55,760 --> 01:34:57,760
Speaker 28: the window to have a look at what's going on.

1990
01:34:58,360 --> 01:35:02,599
Speaker 28: So if this is true that orangutang's mirror behavior, then

1991
01:35:02,800 --> 01:35:06,519
Speaker 28: maybe this may work. Incidentally, this originally started with a

1992
01:35:06,600 --> 01:35:10,800
Speaker 28: worker at the zoo breastfeeding. She convinced eight colleagues to

1993
01:35:10,840 --> 01:35:13,240
Speaker 28: help out as well. They then went on a group

1994
01:35:13,320 --> 01:35:16,760
Speaker 28: chat and she said my phone didn't stop bringing. The

1995
01:35:16,800 --> 01:35:20,320
Speaker 28: next day thirty women had signed up. But derota was created.

1996
01:35:20,600 --> 01:35:24,120
Speaker 28: Who knew breastfeeding mums might be the secret to this

1997
01:35:24,160 --> 01:35:25,720
Speaker 28: little baby orangutang's life.

1998
01:35:25,720 --> 01:35:27,920
Speaker 3: I mean it's quite possible. The Orangutang's like, what the

1999
01:35:27,960 --> 01:35:30,400
Speaker 3: hell is going on with all these people out there? Gavin,

2000
01:35:30,479 --> 01:35:32,000
Speaker 3: thank you very much as always, talk to you in

2001
01:35:32,000 --> 01:35:34,600
Speaker 3: a couple of days. Gavin Gray, UK correspondent will do

2002
01:35:34,640 --> 01:35:35,439
Speaker 3: the beneficiary thing.

2003
01:35:35,439 --> 01:35:40,160
Speaker 2: Next, whether it's macro micro or just plain economics. It's

2004
01:35:40,200 --> 01:35:43,160
Speaker 2: all on the Business Hour with hither duplicy Ellen and

2005
01:35:43,479 --> 01:35:46,800
Speaker 2: my HR the HR platform for sme US talks.

2006
01:35:46,840 --> 01:35:49,800
Speaker 3: It'd be right six away from seven. So this is

2007
01:35:50,200 --> 01:35:51,920
Speaker 3: the first of the SOBS stories about how mean this

2008
01:35:52,000 --> 01:35:55,599
Speaker 3: government is to the beneficiaries. Story is an accountant who's

2009
01:35:55,640 --> 01:35:57,439
Speaker 3: been on the job seeker benefit for more than a

2010
01:35:57,520 --> 01:35:59,880
Speaker 3: year was shocked yesterday when he got a letter telling

2011
01:36:00,080 --> 01:36:02,840
Speaker 3: him his payments BENY payments are going to be cut

2012
01:36:02,840 --> 01:36:06,000
Speaker 3: in half by next week because he didn't show up

2013
01:36:06,000 --> 01:36:10,080
Speaker 3: for a meeting, except this is the cruel and heartless

2014
01:36:10,080 --> 01:36:12,280
Speaker 3: But he didn't know he reckons about the meeting because

2015
01:36:12,280 --> 01:36:14,400
Speaker 3: nobody told him about the meeting. So that's how the

2016
01:36:14,439 --> 01:36:17,240
Speaker 3: story starts. Then the story goes on to the second

2017
01:36:17,240 --> 01:36:19,879
Speaker 3: paragraph of the print story and it says the government

2018
01:36:19,880 --> 01:36:22,719
Speaker 3: has introduced a traffic light system for beneficiaries, with tougher

2019
01:36:22,760 --> 01:36:24,639
Speaker 3: sanctions for those out of work who do not meet

2020
01:36:24,640 --> 01:36:28,360
Speaker 3: obligations to prepare for or find work. So basically, this

2021
01:36:29,240 --> 01:36:30,760
Speaker 3: is what the story is telling you is this has

2022
01:36:30,800 --> 01:36:33,280
Speaker 3: happened to this man, and the reason it's happened is

2023
01:36:33,320 --> 01:36:35,439
Speaker 3: because the government's broad in the traffic light system made

2024
01:36:35,439 --> 01:36:39,719
Speaker 3: all these changes. Except get this further down the story,

2025
01:36:40,280 --> 01:36:43,000
Speaker 3: the guy gets a letter dated the ninth of August,

2026
01:36:43,080 --> 01:36:46,920
Speaker 3: which is Friday last week. The traffic light system only

2027
01:36:46,960 --> 01:36:51,759
Speaker 3: came in Monday this week. So actually he's not being

2028
01:36:51,840 --> 01:36:56,200
Speaker 3: punished under this new government's new cruel and heartless rules.

2029
01:36:56,560 --> 01:36:59,760
Speaker 3: He's being punished under the old rules that labor was.

2030
01:37:00,880 --> 01:37:04,360
Speaker 3: So doesn't that the narrative, does it, But watch for

2031
01:37:04,439 --> 01:37:06,640
Speaker 3: this to happen, right, watch this happening. There will be

2032
01:37:06,720 --> 01:37:10,599
Speaker 3: coscensions existed before Louise Upston came and announced them on Monday.

2033
01:37:10,760 --> 01:37:13,080
Speaker 3: They were already there. Carmel was doing it all as well.

2034
01:37:13,240 --> 01:37:15,960
Speaker 3: That's what he got punished under Carmel's rules. Just watch

2035
01:37:16,000 --> 01:37:17,400
Speaker 3: for this stuff because you'll get a lot of this.

2036
01:37:17,520 --> 01:37:20,639
Speaker 3: Oh and yah got cut off. Actually not these guys

2037
01:37:20,640 --> 01:37:22,799
Speaker 3: at all, by the looks of things in this instance. Anyway,

2038
01:37:23,640 --> 01:37:26,599
Speaker 3: just wising you up to finish the show tonight. We've

2039
01:37:26,640 --> 01:37:30,240
Speaker 3: got Love Resurrection by Alison Moyer. Now you might remember her.

2040
01:37:30,400 --> 01:37:33,920
Speaker 3: She was half of the synth pop duo Yazoo. She

2041
01:37:33,920 --> 01:37:35,800
Speaker 3: had a solo career. She had a bunch of hits

2042
01:37:35,840 --> 01:37:37,640
Speaker 3: in the eighties, including this one, gone Aunts, pump it

2043
01:37:37,680 --> 01:37:38,360
Speaker 3: Up Quickly.

2044
01:37:41,439 --> 01:37:43,400
Speaker 1: Stimes?

2045
01:37:43,840 --> 01:37:46,679
Speaker 3: How good was that? The eighties? A power suits, lots

2046
01:37:46,720 --> 01:37:50,960
Speaker 3: of money, Wall Street, champagne, cocaine, limousines. I mean, none

2047
01:37:50,960 --> 01:37:52,400
Speaker 3: of which you and I would have been doing, but

2048
01:37:52,439 --> 01:37:55,280
Speaker 3: you know, can imagine. Anyway. She's coming to New Zealand

2049
01:37:55,280 --> 01:37:58,160
Speaker 3: to play three shows as part of her Key Live

2050
01:37:58,320 --> 01:38:01,120
Speaker 3: twenty twenty five world tour. To play Auckland, Wellington and

2051
01:38:01,160 --> 01:38:04,080
Speaker 3: christ Church next May. You can get tickets. They go

2052
01:38:04,120 --> 01:38:07,760
Speaker 3: on sale Wednesday at two o'clock. You can head to

2053
01:38:07,920 --> 01:38:11,200
Speaker 3: teg live dot com dot Au. That's teg live dot

2054
01:38:11,280 --> 01:38:13,840
Speaker 3: com dot Au to buy them, or if you'd rather

2055
01:38:13,880 --> 01:38:16,639
Speaker 3: go for free, we've got a double ticket each show

2056
01:38:16,640 --> 01:38:17,960
Speaker 3: to give away. So what you want to do is

2057
01:38:18,000 --> 01:38:20,800
Speaker 3: listen to this. How easy? Go to the News talk

2058
01:38:20,880 --> 01:38:24,640
Speaker 3: z'b facebook page, click on the competition post it's right

2059
01:38:24,720 --> 01:38:27,920
Speaker 3: up the top, and then comment Auckland, Wellington or christ

2060
01:38:27,960 --> 01:38:30,360
Speaker 3: Church and you're in to win. You're welcome.

2061
01:38:31,040 --> 01:38:32,600
Speaker 13: Comment the city that you want to go to the

2062
01:38:32,640 --> 01:38:33,000
Speaker 13: show of.

2063
01:38:33,080 --> 01:38:34,920
Speaker 3: Yeah, obviously, was that not obvious? Did I not make

2064
01:38:34,960 --> 01:38:38,320
Speaker 3: that of its? Hopefully probably not. If you had to

2065
01:38:38,360 --> 01:38:40,080
Speaker 3: clarify it, put the city you want to go to

2066
01:38:40,520 --> 01:38:41,880
Speaker 3: and then maybe you can go and live your best

2067
01:38:41,880 --> 01:38:42,960
Speaker 3: aty his Life with Allison.

2068
01:38:43,280 --> 01:38:43,600
Speaker 1: Thank you.

2069
01:38:43,640 --> 01:39:37,920
Speaker 2: Ans For more from Hither Duplessy Alan Drive, listen live

2070
01:39:38,000 --> 01:39:40,880
Speaker 2: to news Talks it'd be from four pm weekdays, or

2071
01:39:40,960 --> 01:39:43,040
Speaker 2: follow the podcast on iHeartRadio