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

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Speaker 1: duplicl and Drive with One New Zealand to coverage like

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Speaker 1: no one else News Talk Savy.

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Speaker 2: Good afternoon, Welcome to the show coming up today. The

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Speaker 2: local government Minister Simon Watts on the rate caps. He's

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Speaker 2: just announcing the ASB Chief Economist Nick Tuffley on why

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Speaker 2: it is the banks still haven't lowered effex rates and

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Speaker 2: whether they're ever going to be lowered, which is probably no.

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Speaker 2: And Nikola Willis Finance Ministers with us after six.

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Speaker 3: Heather duplicy Ela, yep.

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Speaker 2: So the rate caps are being announced at the moment.

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Speaker 2: The government's just unveiled the details on this. Councils will

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Speaker 2: be capped at four percent, They will not be able

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Speaker 2: to raise their rates by more than four percent and

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Speaker 2: the plan will start being implemented in a couple of

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Speaker 2: years time, sort of mid twenty seven and then will

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Speaker 2: be fully in placed by mid twenty twenty nine.

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Speaker 4: There will be.

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Speaker 2: Exemptions to the rate cap. The high growth councils will

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Speaker 2: be exempt from the cap. Councils that experience a natural

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Speaker 2: disaster to something like bad weather, equake, whatever, they will

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Speaker 2: be exempt councils that need to catch up on infrastructure

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Speaker 2: under investment, which I thought would have been most councils.

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Speaker 2: They will be exempt. They will have to apply. The

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Speaker 2: exemp will not be automatic. They will have to apply

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Speaker 2: for an exemption. But those are the grounds they can

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Speaker 2: apply on, which I think sounds like potentially a lot

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Speaker 2: of councils who will be able to get around the

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Speaker 2: four percent cap. Now, on the politics of it, it

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Speaker 2: is incredibly smart to announce. This is incredibly popular. One

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Speaker 2: poll found that about seventy five percent to people want

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Speaker 2: to see this happen. And I really want this to work.

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Speaker 2: I really want this to force councils to sharpen their

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Speaker 2: pencils and start cutting out the nice to haves like

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Speaker 2: the disco toilets and the bus stops with the gardens

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Speaker 2: spouting from the top. And I want them to be

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Speaker 2: to be going through their staff list and maybe discover,

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Speaker 2: like Wellington has in the last week, about three hundred

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Speaker 2: and thirty people who probably don't need to be paid

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Speaker 2: for by the rate payer. This will definitely, I think,

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Speaker 2: do that it will force a bit of discipline. But

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Speaker 2: what does worry me is that this isn't dealing with

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Speaker 2: the actual problem that we've got in local government, which

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Speaker 2: is that we have a bunch of numpties around the

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Speaker 2: council tables making bad financial decisions. After this, we will

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Speaker 2: still have numpty sitting around the council table, and those

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Speaker 2: numpties will still make bad financial decisions. And if there's

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Speaker 2: one thing that we've learned from recent experience with Wellington

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Speaker 2: City Council, it's that when numpties cut spending, they cut

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Speaker 2: spending on important things like pipes, and for some weird reason,

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Speaker 2: they keep on spending on the dumb stuff like disco toilets.

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Speaker 2: And I worry that that will happen around the country

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Speaker 2: and we will simply end up with another crisis like

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Speaker 2: we're having at the moment of deferred maintenance. Having said that,

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Speaker 2: it is obviously a much better situation if the numpties

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Speaker 2: have less money to waste rather than more money to waste.

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Speaker 2: So on balance, the rates cap is probably an improvement

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Speaker 2: on the status quo, isn't it, even if only for

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Speaker 2: the certainty it gives the rest of us that our

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Speaker 2: rates bill next year will not force us out of

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Speaker 2: our homes. In that respect, this has got to be good.

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Speaker 3: News together do for ce Allen.

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Speaker 2: Nine two nine two text number and standard text fees

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Speaker 2: apply and let me know what you think in any

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Speaker 2: questions you have. For Simon wats before he's with us

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Speaker 2: after five o'clock. Now, let's talk about smoking and vaping.

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Speaker 2: According to a new survey, vaping may not be cool anymore.

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Speaker 2: The annual ASH Year ten Snapshot survey looks at the

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Speaker 2: smoking and the vaping habits of fourteen and fifteen year

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Speaker 2: olds every year, and according to the latest one, the

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Speaker 2: number of year ten students who regularly vape has fallen

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Speaker 2: from fourteen to eleven percent, and the number who vape

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Speaker 2: daily has fallen from something like nine to seven percent.

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Speaker 2: Tim O'Connor is the Auckland Grammar headmaster and with us now, hey, Tim.

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Speaker 5: Hi, are you very well?

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Speaker 6: Thank you?

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Speaker 2: Are you seeing this few of the kids vaping.

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Speaker 7: Here? We are?

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Speaker 8: I don't know. I don't know what's going on.

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Speaker 9: To go ahead the truth.

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Speaker 8: I don't know whether it's us being more effective, or

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Speaker 8: the messages happening, or if it's just random.

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Speaker 2: I mean, it could be a number of things.

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Speaker 10: Right.

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Speaker 2: What's been suggested by beagle Hole, who runs ASH. I

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Speaker 2: think he's the chair is that it feels to him

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Speaker 2: as if vaping has become less cool. What are you

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Speaker 2: picking up on that front.

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Speaker 8: Well, they're certainly not seeing it as often as we

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Speaker 8: normally work as we have in the past, I should say,

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Speaker 8: which is a good thing. And I suspect he's probably right.

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Speaker 8: I think that it's not talked about as much and

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Speaker 8: so we're seeing less of it. That said, we've also

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Speaker 8: changed all sorts of things or in our school, and

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Speaker 8: I'm sure other schools have done the same, where you know,

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Speaker 8: just reduced created toilet structures that actually are just individual

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Speaker 8: cubicles so that there are no gathering areas for.

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Speaker 10: The low lives.

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Speaker 2: Oh I see, Okay, so this is this is potentially

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Speaker 2: a policing problem from a policing solution from you guys.

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Speaker 2: The other thing also is apparently the disposable vapes have

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Speaker 2: made it really hard for people to be able to

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Speaker 2: get their hands on a vape right there, becomes a

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Speaker 2: whole lot more expensive. So are you are you hearing

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Speaker 2: that at all?

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Speaker 8: No, not hearing that, But it could be it's probably

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Speaker 8: too soon for us to be getting some really good

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Speaker 8: patterns in that type of behavior. But look, there is

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Speaker 8: there's been a remarkable shift and a decline in vaping

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Speaker 8: and a decline in conversations about vaping, which is a

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Speaker 8: good thing.

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Speaker 2: Yeah, it is good. I mean, I guess what I'm

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Speaker 2: getting to is that it seems like maybe a confluence

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Speaker 2: of things. On the other hand, if we're talking about

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Speaker 2: whether things are cool having an impact, then what worries

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Speaker 2: me is that apparently the cigi's are cool again, and

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Speaker 2: so you might see it an uptick there in the

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Speaker 2: number of kids smoking. Are you seeing that at all?

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Speaker 8: No, not seeing cigarettes on school related things or on campus.

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Speaker 8: Yet hopefully you're wrong.

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Speaker 2: I'm wrong with a lot of things. Tim. Thank you

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Speaker 2: very much, man, I really appreciate your insights. To O'Connor

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Speaker 2: Auckland Grammar headmaster, I mean, smoking is obviously not cool,

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Speaker 2: but it does surprise me the number of young people,

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Speaker 2: like I'm talking about twenty five thirty or so you

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Speaker 2: see walking around now with a dart hanging out their face.

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Speaker 2: You think you just haven't seen that in a long time.

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Speaker 2: And then you see Tiger White heat he threw his

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Speaker 2: birthday party, what was it fifty or something like that.

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Speaker 2: They would just trays of fags and Lord had her birthday.

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Speaker 2: Part of their fags everywhere, so you know, does look

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Speaker 2: like it's becoming some kind of a cool thing again. Now,

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Speaker 2: I don't know if you followed the inir New Zealand snacks. No,

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Speaker 2: I'm not going to have a crack at e in

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Speaker 2: New Zealand. Again, don't worry about it. But there's an

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Speaker 2: interesting side thing that's going on here. They had a

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Speaker 2: snack scandal lately, so I don't know if you remember

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Speaker 2: the young reporter was young, well, while they was not

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Speaker 2: young anymore. David Farrier, he used to be on TV three.

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Speaker 2: He was kind of like the quirky one. He still

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Speaker 2: runs a website where he does a little investigations and

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Speaker 2: rants on about stuff. And one of the investigations he

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Speaker 2: did recently was that one of the snacks on board

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Speaker 2: in New Zealand Plains is not Key we Owned, which

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Speaker 2: was a big thing in New Zealand was doing. They're

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Speaker 2: like all the snacks come from New Zealand. Oh, it's

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Speaker 2: all Key we Owned. Turned out there was one called

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Speaker 2: Project thirty two that made some really bizarre looking little snack.

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Speaker 2: I don't even know what it was. Project thirty two

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Speaker 2: claimed to be New Zealand owned. In fact, the shareholders

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Speaker 2: were all Australian companies and the two directors were based

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Speaker 2: in Australia, so it was clearly not New Zealand owned

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Speaker 2: at all. They fixed it in New Zealand has some chats.

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Speaker 3: Do you know how to they fixed it?

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Speaker 2: They just appointed a new directory. They just went that

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Speaker 2: person can be a director. Now that person's a Kiwi

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Speaker 2: Kei we owned. Now, Hey, how about that. There's a

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Speaker 2: word for that, isn't it. I'm trying to make this

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Speaker 2: a word Kiwi washing. Fourteen past four it's the Heather

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Speaker 2: to Pussy All and Drive full show podcast on iHeartRadio

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Speaker 2: powered by News Talk ZEP. Heather the government pushing the

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Speaker 2: rates cap out until twenty twenty five has just sunk

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Speaker 2: their reelection chances. Another four years of current rate increases

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Speaker 2: is not on. I mean, Chris, I think you your

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Speaker 2: hyper intulting. You probably want to grab a bag and

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Speaker 2: just have a breathe into that. I don't think it's

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Speaker 2: sunk their reelection chances, but I do wonder what's going

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Speaker 2: to happen in twenty six because the rates have already

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Speaker 2: been set for twenty five, so what's going to happen

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Speaker 2: in twenty six, twenty seven, and twenty eight before we

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Speaker 2: actually get the rates cap, because if I, if I

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Speaker 2: was a smart counsel, I'd be building up, might be

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Speaker 2: filling my little coffers right now, getting it as high

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Speaker 2: as possible, don't you think seventeen past four good Sport

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Speaker 2: with tap in play bed with real time odds and

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Speaker 2: stats are eighteen that responsible? Jason Pines Sports Store Coasters

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Speaker 2: with me had Poney Hallo, Heather A right, Max for Stappen,

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Speaker 2: how's he going?

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Speaker 11: I think he's well, he's kept himself in the race, right,

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Speaker 11: He's kept himself in the in the battle for the

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Speaker 11: driver's championship, which in itself is quite amazing given the

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Speaker 11: fact he was one hundred points behind after I think

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Speaker 11: was the Dutch Grand Prix. He's picked up wins, et cetera.

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Speaker 11: So he's the equation, Heather. If he wins next week

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Speaker 11: and Lando Norris doesn't get on the podium, then Max

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Speaker 11: for Stappen will be world champion's That's basically the size

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Speaker 11: of it. If Lando Norris finishes on the podium first, second,

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Speaker 11: or third, he will be world champion. So it's all

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Speaker 11: going to come down to the last race in Abu

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Speaker 11: Dhabi next Monday. McLaren rarely shot themselves in the foot

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Speaker 11: this morning they got their pit strategy horribly wrong. It

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Speaker 11: meant that having controlled the race in the early stages,

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Speaker 11: they gave up control to the stap and he won

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Speaker 11: the race kept himself alive. So I guess for the

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Speaker 11: neutral it's it's a good thing we get to go

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Speaker 11: to the last event in abub next week with everything

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Speaker 11: on the line.

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Speaker 2: Now, why did I read somewhere that Liam Lawson finds

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Speaker 2: out tomorrow whether he's got the seat or not.

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Speaker 11: Yeah, that's exactly right. That's what Red Bull or Racing

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Speaker 11: Bulls the stable have said Tomorrow night overnight our time.

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Speaker 11: So by the time we wake up Wednesday morning will

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Speaker 11: know that is when they've said they will let everybody

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Speaker 11: know who's keeping a seat and who's not. Look, everything's

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Speaker 11: pointing to Liam Lawson keeping his seat and racing balls

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Speaker 11: and Yuki Sonoda being the one who drops out. Isaacadjo

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Speaker 11: will go up to Red Bull and Ovan Lindblood will

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Speaker 11: come into the team. That's the commonly held view. We'll

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Speaker 11: have it confirmed. Yeah, tomorrow night or early Wednesday morning.

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Speaker 2: So you're taking some heart? Are you from the Phoenix

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Speaker 2: having beaten Adelaide?

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Speaker 5: Aren't you? Aren't you taking a bit of heart from that?

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Speaker 11: As a former semi Wellingtonian, I'm all about.

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Speaker 2: The Auckland FC, and you know, I mean, you do

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Speaker 2: this every time and you just get your little heartbroken

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Speaker 2: all over again.

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Speaker 11: Poney, But aren't you worried about what happened yesterday? A

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Speaker 11: loss at go Media to the bottom team. See if

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Speaker 11: I was an Auckland FC fan, that would worry me

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Speaker 11: ever so slightly. I don't know I've got but far

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Speaker 11: be it from me to try and predict results. It's

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Speaker 11: sport either But look, I think for the first time

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Speaker 11: the Phoenix go into the game offer better result than

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Speaker 11: Auckland FC. In terms of the derby. The last four

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Speaker 11: it's been Auckland f C with the momentum. Will it

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Speaker 11: mean anything, We don't know. Let's just hope there's not

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Speaker 11: the rain this Saturday that there was yesterday. Biblical stuff

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Speaker 11: at go Media yesterday hoping for a nice to down Saturday.

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Speaker 2: It was outrageous. Hey, thank you very much. Piney appreciated

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Speaker 2: Jason Pine's sports talk host Here be back at seven o'clock.

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Speaker 2: Hither I went to an engagement party last weekend. It

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Speaker 2: was the first time in years pretty much everyone is drinking,

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Speaker 2: is smoking and drinking wine. It's weird that sounds like

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Speaker 2: the eighties, doesn't it. We got through that because you know,

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Speaker 2: that was a wild time where everybody got completely shicken

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Speaker 2: on wine all the time, just behaved incredibly badly with

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Speaker 2: the fagging out of the mouth. Evidently we don't learn anything, Heather.

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Speaker 2: Being a director doesn't mean you own a company. You

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Speaker 2: need to be a shareholder. Chris, I know that's what

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Speaker 2: makes the whole thing more funny, just because you were

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Speaker 2: pointed like all the shareholders are Australians and the directors

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Speaker 2: are Australians. And then some random from New Zealand. I

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Speaker 2: think her name is Anna something I don't even know.

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Speaker 2: I've never heard of her before. She's now appointed a director.

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Speaker 2: Suddenly we're in New Zealand owned. I mean, com off it,

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Speaker 2: you guys, whatever, you probably don't care. You probably don't care.

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Speaker 2: You're just going to eat those dry ass snacks on

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Speaker 2: the plane and you're going to And the whole thing

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Speaker 2: was just pointless anyway, and just virtue signaling from me

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Speaker 2: in New Zealand for twenty one.

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Speaker 1: The headlines and the hard questions. It's the mic asking.

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Speaker 12: Breakfast the Reserve Bank be a final cut?

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Speaker 7: Where are you at?

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Speaker 12: Because I still can't work out whether the banks are screwing.

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Speaker 12: It's the Monetary Policy Committee said margins for the retails

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Speaker 12: a backup.

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Speaker 13: So what I want us to watch that really closely?

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Speaker 13: I made that point a couple of weeks ago. We

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Speaker 13: expect them to be passing through those OCR cuts, so

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Speaker 13: we get the transmission out into retail rates as quickly

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Speaker 13: as possible. That should be instantaneous army, not here. The

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Speaker 13: second thing is there are some amazing deals out there

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Speaker 13: at the moment, and if you're not happy with your bank,

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Speaker 13: actually the public should be shopping around.

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Speaker 12: But are those deals about cash backs as opposed to

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Speaker 12: better interest rates?

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Speaker 13: Now there's actually variation and interest.

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Speaker 12: Rates back Tomorrow at six am the Mike Hosking Breakfast

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Speaker 12: with Maylee's Real Estate News Talks ZB.

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Speaker 1: Out of the name you truffed to get the answers

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Speaker 1: you need. It's Heather dupl Clan Drive with one New

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Speaker 1: Zealand coverage like no one else News Talk.

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Speaker 3: Theb O.

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Speaker 2: Think this is probably not going to surprise anyone, but

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Speaker 2: the Florida talks have rapped about Ukraine and there is

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Speaker 2: no resolution. Right Marco Rubio says the talks were productive,

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Speaker 2: but there's still more work to do. Doesn't look like

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Speaker 2: the I mean, at least at the outset, there's no

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Speaker 2: reported talks to follow these talks. So I'm guessing the

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Speaker 2: next thing that's going to happen is that Zelenski is

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Speaker 2: visiting Paris. I think basically overnight our time to talk

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Speaker 2: to Macron, who's a strong ally, and maybe that will

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Speaker 2: get the thing moving along a little bit. On the

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Speaker 2: rates caps, of course, post cabinet press conference is happening

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Speaker 2: right now. Here's Simon Watt's talking about it.

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Speaker 6: We've taken considerable learnings from other jurisdictions of where it

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Speaker 6: hasn't been effective. I think when you stand back and

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Speaker 6: look at what we're doing here, first and foremost, we

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Speaker 6: want to protect rate payers. The fact of double digit

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Speaker 6: significant increase in growth, particularly those on fixed income, it's

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Speaker 6: just just not sustainable and is not appropriate.

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Speaker 2: The thing is obviously counsels, I mean councils would argue

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Speaker 2: that they do not have enough money at the moment

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Speaker 2: and they need to get money from somewhere, and so

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Speaker 2: of course the Prime Ministers asked whether he's prepared to

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Speaker 2: share GST with the councils or maybe allow them to

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Speaker 2: put in place things like bed levies. This was his answer.

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Speaker 13: Well, you've seen us announced, you know, just last week

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Speaker 13: with Chris and Simon talking about the going for growth

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Speaker 13: with actually you know, growth pays for growth. I think

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Speaker 13: that's a good example of what we're talking about in

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Speaker 13: terms of new tools being available. But as we've said

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Speaker 13: for this term, you know, bad tax is not something

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Speaker 13: that we're considering.

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Speaker 2: Okay, we'll talk to Simon. What's the local government minister

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Speaker 2: after five? It's four twenty five.

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Speaker 3: Ever do perceive Yeah, I'm.

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Speaker 2: Guessing if I had to take a punt at what's

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Speaker 2: going on with Andrew Costa, it looks to me like

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Speaker 2: he is making it very, very difficult for the government

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Speaker 2: to fire him. Topics come up again today because the

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Speaker 2: Social Investment a Social Investment Ministry or whatever it's called

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Speaker 2: agency I think it is, which he is still in

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Speaker 2: charge of, was in front of Parliament today for the

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Speaker 2: scrutiny week stuff, and of course Andrew Costa wasn't there

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Speaker 2: because they're trying to sack him. So the guy who's

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Speaker 2: filling in for him was there and he was asked

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Speaker 2: about and it was clearly under instructions to say nothing

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Speaker 2: at all other than it's an employment matter. So the

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Speaker 2: thing is still ongoing. So what this means is that

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Speaker 2: three weeks later, they still haven't fired Andrew Costa. So

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Speaker 2: for three weeks, he's still getting paid, right, and he's

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Speaker 2: getting paid at a rate of around about eleven thousand dollars.

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Speaker 2: I know he's getting a lot of money, eleven thousand

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Speaker 2: dollars a week, So in the last three weeks he's

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Speaker 2: racked up a sweet little thirty five thousand dollars and

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Speaker 2: he hasn't even turned up in the office, but he

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Speaker 2: continues to get paid. And what that should tell you

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Speaker 2: is he's putting up a fight because remember they were like, oh,

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Speaker 2: we'll get this done really quickly. But I think maybe

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Speaker 2: some ministers may have said a little bit too much

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Speaker 2: about what they thought was going on in the IPCA report.

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Speaker 2: And if I was howm I would have made them

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Speaker 2: pay for that. So what I would say is Andrew Costa,

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Speaker 2: by the looks of things, is going to be walking

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Speaker 2: away with a lot of money from us in order

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Speaker 2: to get him out of this agency. So I'm sure

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Speaker 2: we're going to be doing all the digging and finding

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Speaker 2: out about that later on at some stage. When I

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Speaker 2: say later on, it'll be you know, after they fire him,

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Speaker 2: which could take gold knows how long. Anyway, Oliver Peterson

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Speaker 2: out of Australia with us shortly. News Talks hed b.

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Speaker 14: You got the fastest car.

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Speaker 3: It's fast enough.

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Speaker 2: Do we can fly we steal go to make your decision.

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Speaker 3: Leave now live die this way.

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Speaker 1: On your smart speaker, on the iHeart app and in

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Speaker 1: your car on your drive home. It's hither dup clan

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Speaker 1: drive with one New Zealand tender power of satellite mobile

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Speaker 1: News Talks.

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Speaker 15: D b Ill Judith of that, so can you.

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Speaker 2: Come bick right? Barry Sofas back with us. He's with

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Speaker 2: us in ten minutes time. Tell you who's in the

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Speaker 2: office today, Gne tib Traney. Gene's a friend of the show.

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Speaker 2: We have her on quite regularly after six thirty. Anyway,

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Speaker 2: So Jane walked through the office and she said to

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Speaker 2: us today, she said, are you aware that the swap

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Speaker 2: rates have gone up by thirty basis points. She's just

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Speaker 2: been talking to some bankers swap rates have gone up

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Speaker 2: by thirty basis points. This isn't it. This is why

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Speaker 2: the fixed rates have not come down. This is really

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Speaker 2: the OCR because the OCR was cut last week. Remember

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Speaker 2: the floating rates came back, fixed rates didn't. She's like,

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Speaker 2: this is why. Also, this is why they're not going

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Speaker 2: to come down. So we were like, hmm right, well

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Speaker 2: let's have another chat about that. So we've got Nick

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Speaker 2: Toughly of ASB coming on. He's going to be with

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Speaker 2: us after five o'clock to explain that and maybe to

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Speaker 2: dash all hopes of getting a better fixed rate. It's

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Speaker 2: twenty four away from five.

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Speaker 1: It's the world wires on news talks every drive.

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Speaker 2: Four people in Sydney have been charged with distributing child

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Speaker 2: sexual abuse material. Here's the new South Wales Police.

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Speaker 16: This international group we're engaging in conversations and the sharing

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Speaker 16: of material which depicted child abuse and torture of children

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Speaker 16: involving symbols and rituals linked to Satanism and their colt.

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Speaker 2: More with Oli Pederson on that. Shortly to Hong Kong.

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Speaker 2: The confirmed death toll from those apartment fires is now

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Speaker 2: one hundred and forty six one hundred and fifty people

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Speaker 2: are still missing. The local police say they're finding it

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Speaker 2: difficult to search the building.

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Speaker 17: After the fire, many buildings in many places have become

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Speaker 17: completely charted. The whole houses pitch black, no electricity on

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Speaker 17: site and no normal lighting. The working environment on site

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Speaker 17: is quite harsh.

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Speaker 2: And finally, not really cheese. A limited edition bulk pack

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Speaker 2: of boxed mac and cheese has sold out in minutes

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Speaker 2: In the States. Walmart put the Mac Friday box up

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Speaker 2: for sale on their website on Black Friday, and for

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Speaker 2: thirty four dollars New Zealand dollars, you got sixty four

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Speaker 2: sixty five boxes rather of craft mac and cheese, and

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Speaker 2: apparently Americans love that stuff enough that it was sold

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Speaker 2: out within two minutes after going on sale.

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

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Speaker 1: New Zealand business.

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Speaker 2: Oli Peterson, Australia correspondents with us hallo, Oli, Hey there's

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Speaker 2: the tannic stuff. So bit weird, isn't it really.

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Speaker 7: We're a bloke by the name of Landon Gueramotta Mills.

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Speaker 7: I hadn't heard of him before, but he runs an

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Speaker 7: organization called the Underground Media Network, aged twenty six and

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Speaker 7: is the leader of this group. Now, Underground Media Network

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Speaker 7: describes itself as an independent investigative journalism platform aiming to

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Speaker 7: investigate issues in child protection and public interest harm. So

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Speaker 7: it gives the idea obviously that they're there to help,

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Speaker 7: that they're there to uncover these sorts of rings. But

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Speaker 7: the people involve are allegedly also pedophiles themselves. So this

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Speaker 7: twenty six year old man has been arrested, he's the

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Speaker 7: alleged leader of the group. And then three other men

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Speaker 7: aged forty six, forty two and thirty nine have been

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Speaker 7: arrested across Sydney. Now this happened late last week. One

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Speaker 7: of them was a former swimming coach. But this all

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Speaker 7: coming to light today by New South Wales pol And.

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Speaker 7: As you heard their Detective Superintendent Jane Doherty saying, the

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Speaker 7: material was abhorrence and some of the child abuse material

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Speaker 7: and the torture of children that these police officers alleged

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Speaker 7: to have witnessed on these hard drives they could not describe.

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Speaker 7: So this is all obviously going before the courts early

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Speaker 7: next year and it just sounds absolutely horrific.

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Speaker 2: Yeah, it sounds grim. Okay, what's happening with the Defense Department.

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Speaker 7: Well, they're going to make some major changes foreign and sorry,

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Speaker 7: the Defense Minister Richard Marles a Deputy Prime Minister. The

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Speaker 7: Defense budget, if you look at it like this header,

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Speaker 7: it's worth fifty six billion Australian dollars a year, but

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Speaker 7: within ten years that's going to grow to one hundred

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Speaker 7: billion dollars. Obviously all around, obviously the investment in Orcus

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Speaker 7: in particular, but the government is going to announce a

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Speaker 7: major overhaul of it, going to cut dozens of high

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Speaker 7: ranking officials. They say they want to reduce the cost blowouts. Now,

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Speaker 7: if you're going to obviously double the size of the

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Speaker 7: investment and then get rid of people, is it about

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Speaker 7: trying to reduce red tape?

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Speaker 5: I don't know.

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Speaker 7: It sounds on the surface anyway like it does need

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Speaker 7: a reorganization. There's something like nineteen projects ongoing from the

435
00:20:04,240 --> 00:20:07,639
Speaker 7: Defense Apartment at the Defense Department at the moment, and

436
00:20:07,680 --> 00:20:11,320
Speaker 7: it's just going to be about trying to re strategize

437
00:20:11,400 --> 00:20:13,880
Speaker 7: which particular projects should be a priority.

438
00:20:13,920 --> 00:20:15,640
Speaker 3: But it all points towards UCUS.

439
00:20:16,000 --> 00:20:19,160
Speaker 7: Good luck trying to make the Department of Defense more

440
00:20:19,240 --> 00:20:21,479
Speaker 7: efficient because we've got a hierarchy, right that's what it's

441
00:20:21,640 --> 00:20:22,200
Speaker 7: built around.

442
00:20:22,560 --> 00:20:24,159
Speaker 3: It's going to be a difficult task ahead.

443
00:20:24,359 --> 00:20:27,800
Speaker 2: So how much is Australia phizzling for Elbow's nuptials.

444
00:20:28,320 --> 00:20:31,320
Speaker 7: Well, he's paid for it himself. We're told he's all

445
00:20:31,359 --> 00:20:32,159
Speaker 7: paid for it himself.

446
00:20:32,160 --> 00:20:34,280
Speaker 2: He's straight and who paid for it?

447
00:20:35,240 --> 00:20:37,199
Speaker 7: Well, forty people turn up here. But I'm surprised you

448
00:20:37,200 --> 00:20:38,719
Speaker 7: and I didn't get an invite. I thought we might

449
00:20:38,760 --> 00:20:40,000
Speaker 7: have been on the guest list. Would have been a

450
00:20:40,040 --> 00:20:41,840
Speaker 7: bit of fun, wouldn't it. Forty people at the Lodge

451
00:20:41,840 --> 00:20:45,800
Speaker 7: on Saturday. He's paid for it himself. Even the Opposition

452
00:20:45,880 --> 00:20:48,160
Speaker 7: leader Susan Lee and the Nationals leader David a little

453
00:20:48,200 --> 00:20:49,760
Speaker 7: proud of all said, you know, good luck, have a

454
00:20:49,800 --> 00:20:53,200
Speaker 7: great life. And it was described by Jody, the Prime

455
00:20:53,200 --> 00:20:55,879
Speaker 7: Minister's wife, that wherever, obviously the Prime Minister goes to

456
00:20:55,880 --> 00:20:57,760
Speaker 7: get married, there's going to be an extra expense, right

457
00:20:57,800 --> 00:21:00,000
Speaker 7: because he needs a lot of security, they actually think,

458
00:21:00,040 --> 00:21:01,760
Speaker 7: and they have been able to do a little cheaper

459
00:21:01,880 --> 00:21:04,280
Speaker 7: in the gardens at the Lodge in Canberra on the weekend.

460
00:21:04,280 --> 00:21:07,080
Speaker 7: But the first ever Australian Prime minister to be married

461
00:21:07,119 --> 00:21:09,119
Speaker 7: in the grounds of the lodge kind of cool, I

462
00:21:09,160 --> 00:21:10,920
Speaker 7: suppose they're on a honeymoon somewhere here in a strike.

463
00:21:11,040 --> 00:21:12,960
Speaker 3: Maybe they're in Wa. They're probably in Perth. Let me

464
00:21:13,040 --> 00:21:13,520
Speaker 3: go have a look.

465
00:21:13,800 --> 00:21:15,920
Speaker 2: Oh no, no one goes on a honeymoon in Perth.

466
00:21:17,160 --> 00:21:20,720
Speaker 2: Does she take a surname? Is she Jodi Albanese? No?

467
00:21:20,760 --> 00:21:21,840
Speaker 7: Not yet, not yet?

468
00:21:21,880 --> 00:21:22,640
Speaker 3: I reckon she will.

469
00:21:22,680 --> 00:21:24,600
Speaker 7: I mean she's already represented Australia on the you know,

470
00:21:24,680 --> 00:21:26,639
Speaker 7: side by side with him on the big stage, you know,

471
00:21:26,640 --> 00:21:27,320
Speaker 7: around the world.

472
00:21:27,520 --> 00:21:29,399
Speaker 3: She might take Jody Alberini.

473
00:21:29,080 --> 00:21:31,600
Speaker 2: So she's still Jody Hayden and she's still a modern woman.

474
00:21:32,320 --> 00:21:33,080
Speaker 7: Yeah, at the moment.

475
00:21:33,119 --> 00:21:35,000
Speaker 2: She is good for her. I like that. Did her

476
00:21:35,000 --> 00:21:35,920
Speaker 2: wife take her name?

477
00:21:36,520 --> 00:21:37,080
Speaker 3: Yeah? She did.

478
00:21:37,280 --> 00:21:38,720
Speaker 7: Yeah, but she had a she had a sort of

479
00:21:38,880 --> 00:21:43,000
Speaker 7: a German Dutch kind of surnames Easier Steinhauer.

480
00:21:43,359 --> 00:21:45,800
Speaker 2: Oh yeah, that's quite a nice surname. Acas. I'm surprised

481
00:21:45,800 --> 00:21:50,879
Speaker 2: she swapped Steinhawer, Peterson. I'm not gonna lie. Thank you,

482
00:21:50,920 --> 00:21:55,280
Speaker 2: Olie as always appreciated, Oli Peterson, Olli Peters, Ollie Steinhauer

483
00:21:55,880 --> 00:21:58,760
Speaker 2: Sex pr Perth live. Can I shall I get into it?

484
00:21:59,840 --> 00:22:03,040
Speaker 2: I it's one of it's my thing. I do not understand.

485
00:22:03,160 --> 00:22:05,400
Speaker 2: I cannot get over it. I do not understand why

486
00:22:05,440 --> 00:22:08,159
Speaker 2: modern women take their men's surnames. I cannot understand it,

487
00:22:08,480 --> 00:22:11,200
Speaker 2: and it becomes it's become it's become like I've had

488
00:22:11,240 --> 00:22:13,199
Speaker 2: to stop talking about it in the newsroom because it's

489
00:22:13,200 --> 00:22:14,600
Speaker 2: one of them like you know, when you get when

490
00:22:14,640 --> 00:22:18,000
Speaker 2: you can't like, you lose, you lose the empathy gene

491
00:22:18,000 --> 00:22:20,680
Speaker 2: for understanding why anybody would make a decision. I'm like,

492
00:22:20,720 --> 00:22:22,800
Speaker 2: I've got that. The empathy gene has switched off on

493
00:22:22,840 --> 00:22:23,240
Speaker 2: this for me.

494
00:22:23,600 --> 00:22:25,520
Speaker 5: So he's going to start talking about it on air now.

495
00:22:26,200 --> 00:22:29,040
Speaker 2: Because I'm not allowed. Yeah, I just thought I have

496
00:22:29,119 --> 00:22:31,359
Speaker 2: got my audience of three team members has told me

497
00:22:31,400 --> 00:22:33,560
Speaker 2: to shut up. So I was like, that's fine. There's

498
00:22:33,560 --> 00:22:35,560
Speaker 2: at least about two hundred and fifty thousand people that's

499
00:22:35,560 --> 00:22:39,440
Speaker 2: happy for me to talk to them, not eighteen away.

500
00:22:39,200 --> 00:22:41,399
Speaker 3: From five either, duple cy Ellen.

501
00:22:41,560 --> 00:22:45,080
Speaker 2: No more talking about that now. Listen when he's when

502
00:22:45,080 --> 00:22:47,359
Speaker 2: he's going to play national off against Labor. That is

503
00:22:47,400 --> 00:22:49,040
Speaker 2: going to happen at the next election because we've got

504
00:22:49,040 --> 00:22:50,800
Speaker 2: more evidence that when he is up to his old

505
00:22:50,800 --> 00:22:54,000
Speaker 2: tricks again and he so Penny Henare, who is a

506
00:22:54,040 --> 00:22:56,720
Speaker 2: senior Labor MP and has designs on being the leader

507
00:22:56,720 --> 00:22:58,760
Speaker 2: of the Labor Party, has told Stuff that he and

508
00:22:58,840 --> 00:23:01,480
Speaker 2: Winston are talking about it. He said, oh, you know,

509
00:23:02,040 --> 00:23:05,479
Speaker 2: talking about opportunities next year. What do you think? What

510
00:23:05,480 --> 00:23:07,879
Speaker 2: do you think next year? Is he takes a bloody

511
00:23:07,880 --> 00:23:11,560
Speaker 2: good interest in our policies, asks for some details. So

512
00:23:11,680 --> 00:23:14,239
Speaker 2: I have that time with him, and then Stuff said, oh,

513
00:23:14,320 --> 00:23:16,159
Speaker 2: is he building a bridge between Labor and New Zealand

514
00:23:16,160 --> 00:23:18,639
Speaker 2: first and a potential coalition kind of way? And he

515
00:23:18,720 --> 00:23:21,120
Speaker 2: Naude said, oh, look, we've got to keep all those

516
00:23:21,160 --> 00:23:25,040
Speaker 2: options alive, right, So what do you think that tells you?

517
00:23:25,080 --> 00:23:25,240
Speaker 3: Now?

518
00:23:25,280 --> 00:23:28,639
Speaker 2: Winston obviously Chippy's denying it because this is because Chippy

519
00:23:28,680 --> 00:23:30,280
Speaker 2: didn't know what's going on, by the looks of things,

520
00:23:30,320 --> 00:23:33,080
Speaker 2: because old mates obviously up to Shenanigan's this is he Naude,

521
00:23:33,880 --> 00:23:36,600
Speaker 2: Winston is denying it. But of course Winston is doing

522
00:23:36,600 --> 00:23:40,080
Speaker 2: this because he's because you'd be a stupid politician if

523
00:23:40,119 --> 00:23:43,119
Speaker 2: you could potentially stitch a coalition to the left or

524
00:23:43,160 --> 00:23:45,040
Speaker 2: a coalition to the right, you'd be stupid not to

525
00:23:45,119 --> 00:23:48,119
Speaker 2: keep those options alive. And because obviously if you go

526
00:23:48,160 --> 00:23:51,080
Speaker 2: into coalition negotiations with both of them, like Winston, Peters

527
00:23:51,119 --> 00:23:52,959
Speaker 2: has done more times than you and I have had

528
00:23:53,000 --> 00:23:55,760
Speaker 2: hot dinners. You are able to leverage and get more

529
00:23:55,800 --> 00:23:58,240
Speaker 2: out of an extract more. So obviously Winston's going to

530
00:23:58,280 --> 00:24:02,040
Speaker 2: do that anyway, and Labor plus New Zealand first is possible.

531
00:24:02,040 --> 00:24:04,359
Speaker 2: So I'm just preparing you for it so that when

532
00:24:04,400 --> 00:24:07,280
Speaker 2: we come November next year and if this does happen,

533
00:24:07,359 --> 00:24:08,280
Speaker 2: we don't all go.

534
00:24:08,280 --> 00:24:10,000
Speaker 3: Oh, how did we?

535
00:24:10,680 --> 00:24:12,920
Speaker 2: No one ever told us Winston would do this. His

536
00:24:13,080 --> 00:24:15,639
Speaker 2: signs are everywhere sixteen away from.

537
00:24:15,520 --> 00:24:19,520
Speaker 1: Five Politics with centric credit, check your customers and get

538
00:24:19,560 --> 00:24:20,400
Speaker 1: payment certainty.

539
00:24:20,720 --> 00:24:22,199
Speaker 2: If we get a chance, I'm going to read you

540
00:24:22,240 --> 00:24:24,560
Speaker 2: some interesting stuff about the party coup that didn't happen

541
00:24:24,600 --> 00:24:27,200
Speaker 2: in National. We'll do that shortly. It's fourteen away from

542
00:24:27,200 --> 00:24:29,760
Speaker 2: five and Barri Soper, Senior political Correspondence back with us.

543
00:24:29,760 --> 00:24:31,720
Speaker 10: I Barry, good afternoon.

544
00:24:31,720 --> 00:24:34,160
Speaker 2: Have us So Winston's denied to you that he's doing.

545
00:24:33,920 --> 00:24:39,840
Speaker 10: This, absolutely, he said, he heard you repeat it on

546
00:24:40,000 --> 00:24:43,040
Speaker 10: radio this afternoon. But he said, look, he does talk

547
00:24:43,119 --> 00:24:46,360
Speaker 10: to Labor. He talks to all political parties as part

548
00:24:46,359 --> 00:24:50,560
Speaker 10: of his role as Foreign Affairs spokesperson or minister. He said,

549
00:24:50,600 --> 00:24:54,280
Speaker 10: he speaks to the spokespeople on the parties. But to say,

550
00:24:54,760 --> 00:24:59,200
Speaker 10: as Penny Henarde has that they're talking about a possible

551
00:24:59,240 --> 00:25:02,720
Speaker 10: coalition come the election next year. Said nothing could be

552
00:25:02,720 --> 00:25:05,600
Speaker 10: further from the truth. And to that point, he even

553
00:25:06,240 --> 00:25:09,920
Speaker 10: showed me the text that he had sent the journalists

554
00:25:09,920 --> 00:25:13,520
Speaker 10: that first wrote the story and denying it vehemently, and

555
00:25:13,560 --> 00:25:18,440
Speaker 10: yet it was written anyway. So how can you win, because.

556
00:25:18,880 --> 00:25:20,919
Speaker 2: I mean with that's another debate for another debut. Are

557
00:25:20,960 --> 00:25:22,919
Speaker 2: you telling me that? Because I only just said it

558
00:25:22,960 --> 00:25:25,080
Speaker 2: on air about three minutes ago he texted you and

559
00:25:25,119 --> 00:25:27,480
Speaker 2: the intervening period to tell you that he'd heard me

560
00:25:27,520 --> 00:25:30,800
Speaker 2: saying it. Yes, someone's a bit touchy, isn't he.

561
00:25:31,240 --> 00:25:34,400
Speaker 10: Well, well, I would be touchy as well. Actually, if

562
00:25:35,200 --> 00:25:39,240
Speaker 10: you know, the coalition negotiations take the form that they

563
00:25:39,280 --> 00:25:42,160
Speaker 10: always take the form out that when the public's had

564
00:25:42,160 --> 00:25:45,359
Speaker 10: to say, then they'll sit down with the leaders of

565
00:25:45,359 --> 00:25:48,280
Speaker 10: which of a minor party is in a position to

566
00:25:48,280 --> 00:25:51,240
Speaker 10: form a government, and then they do it. They've never

567
00:25:51,280 --> 00:25:55,320
Speaker 10: done it in advance, and Winston Peter certainly would not

568
00:25:55,520 --> 00:25:58,119
Speaker 10: I would imagine, knowing him as well as they do,

569
00:25:58,160 --> 00:26:01,359
Speaker 10: would not be sitting down with the Labor Party talking

570
00:26:01,359 --> 00:26:02,840
Speaker 10: about possible coalitions.

571
00:26:03,480 --> 00:26:05,439
Speaker 2: Okay, talk to me about the rates cap. What do

572
00:26:05,480 --> 00:26:05,960
Speaker 2: you make of it.

573
00:26:07,480 --> 00:26:11,160
Speaker 10: Well, it's interesting, I know that you know this government

574
00:26:11,240 --> 00:26:13,119
Speaker 10: is doing a lot on that front. On the local

575
00:26:13,119 --> 00:26:17,040
Speaker 10: government front, rates caps are widespread in Europe and many

576
00:26:17,040 --> 00:26:21,200
Speaker 10: other countries where maximums are generally effects as they will

577
00:26:21,240 --> 00:26:24,840
Speaker 10: be if this one goes ahead as its planned. But

578
00:26:25,480 --> 00:26:30,399
Speaker 10: people have or local councils have until next February to

579
00:26:30,440 --> 00:26:33,320
Speaker 10: make submissions to this. I mean when you look at

580
00:26:34,200 --> 00:26:37,000
Speaker 10: the only ready two countries that don't have some sort

581
00:26:37,000 --> 00:26:41,440
Speaker 10: of cap from central government is India and don't get

582
00:26:41,440 --> 00:26:44,399
Speaker 10: their growth rate is a phenomenal eight percent at the

583
00:26:44,440 --> 00:26:49,639
Speaker 10: moment and Malaysia though the local prerogative of local councils.

584
00:26:49,680 --> 00:26:53,119
Speaker 10: But the ceilings at times are used there and we

585
00:26:53,160 --> 00:26:57,120
Speaker 10: know the regional authorities days in number with this government.

586
00:26:57,440 --> 00:27:00,720
Speaker 10: But there will be exceptions to that to four percent

587
00:27:01,440 --> 00:27:05,200
Speaker 10: where a council can go above the four four percent limit. Yes,

588
00:27:05,280 --> 00:27:06,320
Speaker 10: Chris Luckson, it's.

589
00:27:06,240 --> 00:27:08,760
Speaker 13: Not unreasonable two to four percent be within the band

590
00:27:09,240 --> 00:27:12,800
Speaker 13: going forward from here on through immediately. Yes, agains strengthen

591
00:27:12,800 --> 00:27:14,840
Speaker 13: as we pass the different path through the parts of

592
00:27:14,880 --> 00:27:18,080
Speaker 13: different gates of law, but also we'll have some flexibility

593
00:27:18,119 --> 00:27:20,520
Speaker 13: of this obvious things that we need to deal with

594
00:27:20,640 --> 00:27:24,320
Speaker 13: like that come up unforeseen. But equally we do expect

595
00:27:24,320 --> 00:27:27,000
Speaker 13: people to deal with those exceptions for a while and

596
00:27:27,040 --> 00:27:28,800
Speaker 13: then we expect people to be back in the band again.

597
00:27:30,000 --> 00:27:33,680
Speaker 10: The problem is here an infrastructure New Zealand have already

598
00:27:34,320 --> 00:27:39,800
Speaker 10: put out a statement saying that look, essential projects could

599
00:27:39,840 --> 00:27:44,000
Speaker 10: well be delayed if councils have to keep within a

600
00:27:44,080 --> 00:27:47,160
Speaker 10: limit for their rates cap and you can understand that,

601
00:27:47,800 --> 00:27:50,119
Speaker 10: no doubt they'll now have to come up with a

602
00:27:50,160 --> 00:27:53,840
Speaker 10: good reason. And this doesn't come into full being I

603
00:27:53,880 --> 00:27:57,800
Speaker 10: think until really twenty twenty nine, so there's a lot

604
00:27:57,800 --> 00:28:00,600
Speaker 10: of time between now and then to do a lot

605
00:28:00,600 --> 00:28:03,119
Speaker 10: of talking and a lot of building in the meantime.

606
00:28:03,840 --> 00:28:07,040
Speaker 2: Did you think that Labour's plan for assisting GPS into

607
00:28:07,080 --> 00:28:11,040
Speaker 2: surgeries was actually quite a boring announcement from a conference.

608
00:28:12,920 --> 00:28:16,159
Speaker 10: Well, you know some conferences they don't have an announcement.

609
00:28:16,200 --> 00:28:19,360
Speaker 10: But when you think that two thirds of practice owners

610
00:28:19,400 --> 00:28:23,920
Speaker 10: is GPS and their partners are intending to retire within

611
00:28:23,960 --> 00:28:27,560
Speaker 10: the next ten years, it's really a bit of a

612
00:28:27,600 --> 00:28:30,879
Speaker 10: concern here. What Labor has argued with this policy is

613
00:28:30,920 --> 00:28:34,520
Speaker 10: that they could free up four point five million doctors

614
00:28:34,560 --> 00:28:37,119
Speaker 10: appointments every year. Well, I don't know that would be

615
00:28:37,160 --> 00:28:40,000
Speaker 10: the case, but they'll be initially offering those loans up

616
00:28:40,000 --> 00:28:44,440
Speaker 10: to fifty of them, prioritizing areas that have no GPS

617
00:28:44,520 --> 00:28:49,600
Speaker 10: or practices within a particular area. They'll also be available

618
00:28:49,640 --> 00:28:52,960
Speaker 10: for owner and community operated general practices. They've got to

619
00:28:53,000 --> 00:28:57,480
Speaker 10: repay the loan over the first ten years that we know.

620
00:28:57,600 --> 00:29:01,360
Speaker 10: Interest on the first two years of loans up to

621
00:29:01,560 --> 00:29:04,360
Speaker 10: half a million bucks. So where the money's coming from.

622
00:29:04,400 --> 00:29:07,160
Speaker 2: I'm not quite sure, Barry, Thanks very much, appreciate it, Barry,

623
00:29:07,200 --> 00:29:09,479
Speaker 2: so per senior political correspondent. Right, we will deal with

624
00:29:09,520 --> 00:29:12,160
Speaker 2: the Andrea of Vantes piece next nine away from five.

625
00:29:12,280 --> 00:29:14,560
Speaker 2: If the Winnipe should be worried about the Labour Party talk,

626
00:29:14,600 --> 00:29:16,280
Speaker 2: we won't forgive him again and he will always be

627
00:29:16,360 --> 00:29:18,440
Speaker 2: remembered as someone the New Zealand public could not trust.

628
00:29:18,480 --> 00:29:20,920
Speaker 2: That will be his legacy. Roy that doesn't think about this.

629
00:29:21,360 --> 00:29:25,000
Speaker 2: It doesn't matter because when he went, remember he's already

630
00:29:25,040 --> 00:29:28,240
Speaker 2: stuffed us one time, right, he pulled a little swifty

631
00:29:28,280 --> 00:29:31,520
Speaker 2: on us because Bill English actually got the the highest

632
00:29:31,560 --> 00:29:34,160
Speaker 2: vote share and he went with Jasinda and of course

633
00:29:34,200 --> 00:29:37,960
Speaker 2: the National part of National Leading people who voted for

634
00:29:38,000 --> 00:29:40,800
Speaker 2: Winnie were furious about it, but they're forgiven him now

635
00:29:40,840 --> 00:29:42,479
Speaker 2: because he picked their team this time. And that's how

636
00:29:42,480 --> 00:29:44,680
Speaker 2: it goes. Every time he switches, a whole bunch of

637
00:29:44,720 --> 00:29:46,720
Speaker 2: people are really angry, but the other people are really

638
00:29:46,880 --> 00:29:49,040
Speaker 2: really grateful. And then when he switches again, those people

639
00:29:49,040 --> 00:29:50,760
Speaker 2: are really angry and the other people are really grateful.

640
00:29:50,760 --> 00:29:53,840
Speaker 2: So either way, he's sort of like he's made half

641
00:29:53,880 --> 00:29:56,000
Speaker 2: his support angry and the other half happy, and so

642
00:29:56,080 --> 00:29:57,720
Speaker 2: I think he just goes, well, it doesn't matter which

643
00:29:57,720 --> 00:29:59,720
Speaker 2: half is angry and which half is happy. It doesn't

644
00:29:59,760 --> 00:30:03,160
Speaker 2: matter five ways from five now. On the National Party

645
00:30:03,200 --> 00:30:05,800
Speaker 2: coup that didn't happen, Andrea Vance has written a piece

646
00:30:05,840 --> 00:30:08,240
Speaker 2: for the Sunday Star Times yesterday that I actually think

647
00:30:08,320 --> 00:30:10,200
Speaker 2: is worth bringing to your attention because he's got some

648
00:30:10,400 --> 00:30:14,240
Speaker 2: very interesting things in it. So first, obviously there was

649
00:30:14,280 --> 00:30:16,720
Speaker 2: a coup attempt, which you are not surprised by because

650
00:30:16,720 --> 00:30:20,080
Speaker 2: I've been telling you about it for ages. Second, obviously

651
00:30:20,240 --> 00:30:22,120
Speaker 2: Chris Bishop didn't get the numbers, which again is not

652
00:30:22,160 --> 00:30:24,239
Speaker 2: a surprise because it didn't happen in the end. But

653
00:30:24,320 --> 00:30:27,520
Speaker 2: Andrea Vance reckons he couldn't get even close to a

654
00:30:27,600 --> 00:30:30,400
Speaker 2: third of his caucus, So that's not a lot of

655
00:30:30,400 --> 00:30:34,000
Speaker 2: support at all. Erica Stanford. I find this fascinating. Erica

656
00:30:34,040 --> 00:30:36,680
Speaker 2: Stanford is important in this because she was rumored to

657
00:30:36,720 --> 00:30:39,160
Speaker 2: be his deputy, but in the end seems to have

658
00:30:39,200 --> 00:30:41,600
Speaker 2: not wanted to do it because she still wants to

659
00:30:41,640 --> 00:30:44,520
Speaker 2: be leader herself apparently, and she is. And this is

660
00:30:44,520 --> 00:30:46,960
Speaker 2: the interesting thing. She is taking advice from an Australian

661
00:30:46,960 --> 00:30:50,440
Speaker 2: political consultancy firm, so that means, you know, ol mate

662
00:30:50,520 --> 00:30:54,520
Speaker 2: is quite serious about that. And also Murray McCully who

663
00:30:54,720 --> 00:30:57,240
Speaker 2: used to be her boss and knows politics back to front.

664
00:30:57,720 --> 00:31:00,000
Speaker 2: Paul Goldsmith and Judith Collins didn't want to do it

665
00:31:00,240 --> 00:31:03,120
Speaker 2: because they support Christopher Luxen because he basically revived their

666
00:31:03,160 --> 00:31:05,920
Speaker 2: political careers. Mark Mitchell didn't want to do it because

667
00:31:05,920 --> 00:31:09,640
Speaker 2: he also is still nursing leadership hopes. And Nikola Willis

668
00:31:10,000 --> 00:31:12,840
Speaker 2: is very close to both Chris Luxen and Chris Bishop,

669
00:31:12,880 --> 00:31:15,000
Speaker 2: but she is in camp Luxen. She's picked the sides

670
00:31:15,040 --> 00:31:17,640
Speaker 2: on this because obviously under Chris Bishop she would lose

671
00:31:17,640 --> 00:31:20,440
Speaker 2: her finance job. And the evidence that she'd picked sides

672
00:31:20,520 --> 00:31:22,040
Speaker 2: was in the fact that she gave that that was

673
00:31:22,040 --> 00:31:23,720
Speaker 2: a surprise speech, by the way, the key we save

674
00:31:23,720 --> 00:31:26,560
Speaker 2: a speech was a surprise speech on Sunday last week

675
00:31:26,560 --> 00:31:28,480
Speaker 2: which was designed to kind of shore up the base

676
00:31:28,880 --> 00:31:30,600
Speaker 2: for Chris Luxen, you know, in the wake of all

677
00:31:30,600 --> 00:31:32,760
Speaker 2: those rumors. And then she did the opening speech, open

678
00:31:32,800 --> 00:31:34,760
Speaker 2: the keynote opening for him and blah blah blah, and

679
00:31:34,760 --> 00:31:37,040
Speaker 2: that was a sign that she'd taken she'd taken her side.

680
00:31:37,040 --> 00:31:39,120
Speaker 2: So the yougo, you can put a bow on that.

681
00:31:39,800 --> 00:31:42,760
Speaker 2: Fun that's finished for the rest of the year. Hither

682
00:31:42,880 --> 00:31:44,960
Speaker 2: I think four percent here on the rates cap is

683
00:31:45,000 --> 00:31:48,240
Speaker 2: too much. They should deal with the money that we

684
00:31:48,320 --> 00:31:50,320
Speaker 2: have like the rest of us. Now four percent, let

685
00:31:50,360 --> 00:31:52,880
Speaker 2: me just rain you through this really quickly. Right in

686
00:31:52,880 --> 00:31:55,960
Speaker 2: the last the rates have been set for twenty five

687
00:31:56,440 --> 00:31:59,960
Speaker 2: only five councils have come in under the four percent mark.

688
00:32:00,320 --> 00:32:03,080
Speaker 2: Wanga Nui at two point two percent, they have played,

689
00:32:03,120 --> 00:32:06,560
Speaker 2: a regional council at three percent, Northland Regional Council at

690
00:32:06,600 --> 00:32:09,520
Speaker 2: three point five four percent, Why Tomo District Council at

691
00:32:09,520 --> 00:32:11,480
Speaker 2: two point nine one percent, and heard a Nui District

692
00:32:11,520 --> 00:32:14,200
Speaker 2: Council at three point thirty seven. That is how hard

693
00:32:14,640 --> 00:32:16,480
Speaker 2: that is? How hard that's out of seventy eight, by

694
00:32:16,480 --> 00:32:17,920
Speaker 2: the way, that is how hard it's going to be

695
00:32:17,960 --> 00:32:20,360
Speaker 2: to do four percent Simon what's the minister doing it

696
00:32:20,400 --> 00:32:22,520
Speaker 2: is with us next, and then Nick Tuffley of ASB

697
00:32:23,160 --> 00:32:24,760
Speaker 2: on what the swap rates are doing and what that

698
00:32:24,800 --> 00:32:27,880
Speaker 2: means for the chances of getting a better fixed home

699
00:32:27,920 --> 00:32:29,880
Speaker 2: loan rate, which is not very good. By the way,

700
00:32:30,040 --> 00:32:31,000
Speaker 2: Newstalk ZB.

701
00:32:51,240 --> 00:32:54,600
Speaker 1: The only drive show you can try to ask the questions,

702
00:32:55,120 --> 00:32:59,120
Speaker 1: get the answers, find a fact and give the analysis.

703
00:32:59,520 --> 00:33:02,640
Speaker 1: Hither does the Ell and Drive With one New Zealand

704
00:33:02,760 --> 00:33:05,960
Speaker 1: and the power of satellite mobile news dogs Envy.

705
00:33:07,240 --> 00:33:07,720
Speaker 3: Afternoon.

706
00:33:07,760 --> 00:33:10,960
Speaker 2: The government's putting a stop to you're constantly ballooning rates bill.

707
00:33:11,040 --> 00:33:13,600
Speaker 2: The councils will now only be allowed to raise rates

708
00:33:13,600 --> 00:33:16,760
Speaker 2: by between two and four percent unless they have permission

709
00:33:16,760 --> 00:33:19,320
Speaker 2: from a government appointed regulator to go beyond that. Water

710
00:33:19,440 --> 00:33:21,280
Speaker 2: rates and other fees and levies will not fall under

711
00:33:21,280 --> 00:33:24,000
Speaker 2: the cap. Simon Watts is the Local Government Minister High

712
00:33:24,000 --> 00:33:26,440
Speaker 2: Simon hi Heather Why four percent?

713
00:33:27,240 --> 00:33:31,000
Speaker 6: Well, four percent represents the long run economic growth number.

714
00:33:31,120 --> 00:33:35,160
Speaker 6: That means that council's got a clear cap on total expenditure.

715
00:33:35,560 --> 00:33:37,680
Speaker 6: We've set a range between two and four. The two's

716
00:33:37,720 --> 00:33:40,600
Speaker 6: at the midpoint for inflation. We think that's a sensible

717
00:33:40,640 --> 00:33:43,520
Speaker 6: band for councils to maintain their expenditure within.

718
00:33:43,600 --> 00:33:45,600
Speaker 2: Okay, I mean this is going to be tough, isn't

719
00:33:45,640 --> 00:33:48,440
Speaker 2: it Because in the last financial yeah, only five out

720
00:33:48,440 --> 00:33:50,239
Speaker 2: of seventy eight councils managed to come under that.

721
00:33:51,520 --> 00:33:53,320
Speaker 6: Yeah, it's going to be tough, Heather, But guess what

722
00:33:53,760 --> 00:33:57,560
Speaker 6: it's been tough on everyone households, businesses, and you know,

723
00:33:57,720 --> 00:34:01,000
Speaker 6: you think about those on fixed income in particular, double

724
00:34:01,040 --> 00:34:04,040
Speaker 6: digit rate increases, some up to twenty percent. It's just

725
00:34:04,040 --> 00:34:06,800
Speaker 6: simply not feasible. And that's what we've been hearing loud

726
00:34:06,800 --> 00:34:09,560
Speaker 6: and clear from rate payers. We've got a range, we've

727
00:34:09,560 --> 00:34:13,000
Speaker 6: got a model that we believe will ensure that councils

728
00:34:13,000 --> 00:34:14,560
Speaker 6: are going to be able to get to that point.

729
00:34:15,000 --> 00:34:16,440
Speaker 6: And at the end of the day, you know, I

730
00:34:16,440 --> 00:34:19,239
Speaker 6: think this is a sensible policy and it's going to

731
00:34:19,239 --> 00:34:22,239
Speaker 6: be one that protects and supports rate pers.

732
00:34:21,920 --> 00:34:24,400
Speaker 2: Are you worried about the third maintenance where instead of

733
00:34:24,400 --> 00:34:26,320
Speaker 2: cutting you know, instead of cutting the nice to have

734
00:34:26,520 --> 00:34:28,200
Speaker 2: that we would like them to, can't they start just

735
00:34:28,600 --> 00:34:30,760
Speaker 2: not fixing the pipes like Wellington's done.

736
00:34:31,280 --> 00:34:35,399
Speaker 6: Well, Look, no one's capping infrastructure. We're capping inefficiency and

737
00:34:35,600 --> 00:34:38,680
Speaker 6: I said today that New Zealand has not got low

738
00:34:38,719 --> 00:34:43,400
Speaker 6: productivity because councils were too disciplined. That's actually the opposite,

739
00:34:43,440 --> 00:34:46,600
Speaker 6: and so that's why we're coming in with this reform.

740
00:34:47,160 --> 00:34:50,480
Speaker 6: We know that infrastructure is a challenge and working our

741
00:34:50,480 --> 00:34:53,120
Speaker 6: way through. You've seen that with our water reforms. But again,

742
00:34:53,320 --> 00:34:57,440
Speaker 6: using the GDP economic growth rate is an upper band

743
00:34:57,840 --> 00:35:00,600
Speaker 6: provides us with a long run tar target, which we

744
00:35:00,600 --> 00:35:03,160
Speaker 6: think is appropriate. And I've had an independent reference group

745
00:35:03,680 --> 00:35:06,520
Speaker 6: led by Cameron Baggery to help develop this policy. They

746
00:35:06,520 --> 00:35:09,600
Speaker 6: had local government reps and also people from offshore as well.

747
00:35:09,880 --> 00:35:11,520
Speaker 6: They did a lot of thinking around this and we

748
00:35:11,560 --> 00:35:13,840
Speaker 6: believe this is probably one of the first instances of

749
00:35:13,840 --> 00:35:17,600
Speaker 6: the world where they're using a range based target model.

750
00:35:18,120 --> 00:35:21,320
Speaker 2: Look, it doesn't kick in, you know, fully in effect

751
00:35:21,400 --> 00:35:23,360
Speaker 2: until twenty twenty nine. Are you worried that in the

752
00:35:23,400 --> 00:35:26,319
Speaker 2: intervening three rate cycles that they have left they may

753
00:35:26,400 --> 00:35:28,760
Speaker 2: just go healthful leather and raise a whole bunch of money.

754
00:35:29,719 --> 00:35:32,200
Speaker 6: Well, no, it's going to be legislated and in law

755
00:35:32,280 --> 00:35:35,200
Speaker 6: by the first of January twenty twenty seven. The full

756
00:35:35,360 --> 00:35:39,320
Speaker 6: regulated model won't be fully in play by twenty nine.

757
00:35:39,280 --> 00:35:42,160
Speaker 2: So that rates cap so does the four percent kick

758
00:35:42,160 --> 00:35:43,080
Speaker 2: in in twenty seven?

759
00:35:44,040 --> 00:35:47,319
Speaker 6: It kicks in from twenty seven. First of January twenty

760
00:35:47,360 --> 00:35:49,359
Speaker 6: twenty seven is when the law comes in. And to

761
00:35:49,400 --> 00:35:52,319
Speaker 6: be honest, Heather, I expect councils out there today they've

762
00:35:52,320 --> 00:35:54,680
Speaker 6: had a really clear signal from government today that the

763
00:35:54,760 --> 00:35:55,719
Speaker 6: range is two to four.

764
00:35:55,880 --> 00:35:57,920
Speaker 5: And you know, you see how the lot and this

765
00:35:58,000 --> 00:35:58,560
Speaker 5: is important.

766
00:35:59,160 --> 00:36:02,800
Speaker 2: At which point do they have to abide by the cap?

767
00:36:04,200 --> 00:36:06,520
Speaker 6: So that will be once the regulator is in place.

768
00:36:06,360 --> 00:36:10,320
Speaker 18: Twenty nine at so they've got three faster.

769
00:36:10,200 --> 00:36:12,760
Speaker 2: Yes, but what I maybe you can do it faster.

770
00:36:12,920 --> 00:36:15,120
Speaker 2: But in the intervening period, are you worried that they

771
00:36:15,160 --> 00:36:15,440
Speaker 2: will go?

772
00:36:15,520 --> 00:36:15,680
Speaker 7: Right?

773
00:36:15,719 --> 00:36:16,960
Speaker 2: We just need to get it up as high as

774
00:36:16,960 --> 00:36:18,480
Speaker 2: we possibly can to make sure we've got lots of

775
00:36:18,520 --> 00:36:19,200
Speaker 2: income coming in.

776
00:36:19,840 --> 00:36:22,120
Speaker 6: Will you look at how many mayors and councilors got

777
00:36:22,480 --> 00:36:25,200
Speaker 6: taken out at the lost local government elections who were

778
00:36:25,239 --> 00:36:27,840
Speaker 6: not campaigning on reducing rates. I think it's been pretty

779
00:36:27,840 --> 00:36:30,400
Speaker 6: clear from rate payers are telling their counselors, get with

780
00:36:30,440 --> 00:36:33,200
Speaker 6: the program. We want you to be managing your budgets

781
00:36:33,239 --> 00:36:36,040
Speaker 6: like household are. Now we've got a clear signal around

782
00:36:36,080 --> 00:36:37,200
Speaker 6: what the expectation is on.

783
00:36:37,160 --> 00:36:40,600
Speaker 2: That Okay, the exemptions, I mean if one of the exempts.

784
00:36:40,760 --> 00:36:43,120
Speaker 2: So the exemptions are obviously things that you can't expect,

785
00:36:43,160 --> 00:36:45,719
Speaker 2: you can't anticipate like that traditional circumstances.

786
00:36:45,960 --> 00:36:46,160
Speaker 3: Yeah.

787
00:36:46,200 --> 00:36:49,480
Speaker 2: Absolutely. One of them is basically to deal with deferred maintenance,

788
00:36:49,480 --> 00:36:51,440
Speaker 2: which I would have thought is basically all councils.

789
00:36:52,280 --> 00:36:56,040
Speaker 6: No, it's there's a mechanism there in certain circumstances, but

790
00:36:56,120 --> 00:36:59,480
Speaker 6: none of these things. It's not a default exemption. You

791
00:36:59,560 --> 00:37:01,719
Speaker 6: have to apply to the regulator. The regulator you have

792
00:37:01,760 --> 00:37:03,880
Speaker 6: to consider that, you'd have to provide a plan of

793
00:37:03,880 --> 00:37:06,000
Speaker 6: how you're going to get back to range. And again

794
00:37:06,120 --> 00:37:10,719
Speaker 6: these will be given out only an exceptional circumstances. Pretty much, well,

795
00:37:10,760 --> 00:37:13,280
Speaker 6: all councils will need to operate within the band unless

796
00:37:13,280 --> 00:37:15,080
Speaker 6: they've got an exemption, and they wouldn't expect me need

797
00:37:15,120 --> 00:37:15,400
Speaker 6: to have that.

798
00:37:15,640 --> 00:37:17,640
Speaker 2: All right, Simon, thank you very much for your time. Simon,

799
00:37:17,680 --> 00:37:20,000
Speaker 2: what's the local government minister? It's eleven past five.

800
00:37:20,400 --> 00:37:21,720
Speaker 3: Ever, duplicy Allen.

801
00:37:22,000 --> 00:37:23,719
Speaker 2: If you're waiting for the major banks to cut their

802
00:37:23,760 --> 00:37:26,399
Speaker 2: fixed mortgage rates after the OCR was dropped last week,

803
00:37:26,400 --> 00:37:27,960
Speaker 2: you might be out of luck. It looks like the

804
00:37:28,000 --> 00:37:31,280
Speaker 2: wholesale market has been surprised by the Reserve Bank firmly

805
00:37:31,360 --> 00:37:33,600
Speaker 2: ruling out any further cuts, and that's led to a

806
00:37:33,680 --> 00:37:36,320
Speaker 2: jump in wholesale interest rates. Nick Tuffley is the ASB

807
00:37:36,520 --> 00:37:38,360
Speaker 2: Chief economist and with us Hello, Nick.

808
00:37:39,239 --> 00:37:39,880
Speaker 19: Good afternoon.

809
00:37:39,920 --> 00:37:43,320
Speaker 2: How much of the wholesale rates up by that does.

810
00:37:43,360 --> 00:37:45,760
Speaker 19: Vary by the term, but if you're looking at compared

811
00:37:45,800 --> 00:37:48,239
Speaker 19: to right before the NPS, you're probably anywhere between so

812
00:37:48,560 --> 00:37:52,000
Speaker 19: fifteen and thirty basis points, and you're up more than

813
00:37:52,040 --> 00:37:54,040
Speaker 19: that from the lows that we got to sort of

814
00:37:54,080 --> 00:37:55,200
Speaker 19: later in October.

815
00:37:55,360 --> 00:37:56,600
Speaker 2: Okay, so what brought this on?

816
00:37:57,840 --> 00:38:02,120
Speaker 19: Well, you had the mark it's before the Montreal policy

817
00:38:02,120 --> 00:38:05,359
Speaker 19: statement still in effect building into wholesale rates, that there

818
00:38:05,440 --> 00:38:07,480
Speaker 19: was probably about a fifty to fifty chance of a

819
00:38:07,480 --> 00:38:10,439
Speaker 19: further interest rate cut, and the Reserve Bank, I guess

820
00:38:10,440 --> 00:38:12,440
Speaker 19: you could say they left the door slightly jar to

821
00:38:12,520 --> 00:38:15,680
Speaker 19: cutting further if the economy doesn't pick up like it was,

822
00:38:16,400 --> 00:38:19,960
Speaker 19: like it's generally expected to. But they were making some

823
00:38:20,080 --> 00:38:22,560
Speaker 19: pretty clear noises that they think they're pretty much done,

824
00:38:22,560 --> 00:38:26,080
Speaker 19: and so that markets have shifted to pricing in a

825
00:38:26,160 --> 00:38:29,600
Speaker 19: much greater chance of the official cash rate going up

826
00:38:29,760 --> 00:38:31,719
Speaker 19: is the next move rather than down.

827
00:38:32,280 --> 00:38:33,960
Speaker 2: Was this clumsy from the Reserve Bank.

828
00:38:35,600 --> 00:38:38,200
Speaker 19: Well, I think I would say it's inconvenient from the

829
00:38:38,239 --> 00:38:40,600
Speaker 19: point of view that we know that there are a

830
00:38:40,680 --> 00:38:43,000
Speaker 19: number of people who will be fixing their mortgage rates

831
00:38:43,160 --> 00:38:46,239
Speaker 19: and you run the risk of we certainly put the

832
00:38:46,640 --> 00:38:50,040
Speaker 19: cost of wholesale borrowing up a bit higher as a

833
00:38:50,080 --> 00:38:53,359
Speaker 19: result of this. But the challenges lot if you've got

834
00:38:53,400 --> 00:38:57,120
Speaker 19: markets pricing in a cut and you get to a

835
00:38:57,120 --> 00:38:59,160
Speaker 19: point where that's no longer likely to happen, you are

836
00:38:59,200 --> 00:39:02,040
Speaker 19: going to get a reaction at some point. It just

837
00:39:02,080 --> 00:39:04,480
Speaker 19: feels like we're seeing quite a market lift and rates

838
00:39:04,480 --> 00:39:05,719
Speaker 19: and every short period of time.

839
00:39:05,840 --> 00:39:07,319
Speaker 2: Right, So what do you reckon? Nick? Is it up

840
00:39:07,360 --> 00:39:07,719
Speaker 2: from here?

841
00:39:09,600 --> 00:39:13,360
Speaker 19: From the Reserve Bank's view, look, I think we're on hold.

842
00:39:13,400 --> 00:39:15,440
Speaker 19: From here is the most likely outcome. I mean, that

843
00:39:15,560 --> 00:39:17,120
Speaker 19: was what we were thinking before this statement.

844
00:39:17,160 --> 00:39:18,560
Speaker 2: We were just what I was meaning.

845
00:39:19,040 --> 00:39:19,320
Speaker 6: Chance.

846
00:39:19,520 --> 00:39:21,000
Speaker 2: If you were thinking I'm just going to wait for

847
00:39:21,040 --> 00:39:23,400
Speaker 2: those fixed rates to come back a little bit, you

848
00:39:23,400 --> 00:39:25,040
Speaker 2: you probably have to factor in that they're going to

849
00:39:25,080 --> 00:39:25,520
Speaker 2: go up now.

850
00:39:25,760 --> 00:39:30,439
Speaker 19: Right Well, from here, I think that's the more more

851
00:39:30,560 --> 00:39:32,000
Speaker 19: likely way you're going to be I'll put it this way,

852
00:39:32,080 --> 00:39:34,920
Speaker 19: is that the drivers to push rates down further. You

853
00:39:34,960 --> 00:39:37,279
Speaker 19: know you are looking for something to happen overseas it's

854
00:39:37,280 --> 00:39:40,400
Speaker 19: not good news or something domestically that's not good news

855
00:39:40,440 --> 00:39:43,560
Speaker 19: to sort of really be a key catalyst for there.

856
00:39:43,640 --> 00:39:45,120
Speaker 19: So look at it is that time for people to

857
00:39:45,120 --> 00:39:48,040
Speaker 19: start looking and going Okay, look, I've been waiting for

858
00:39:48,080 --> 00:39:50,840
Speaker 19: the Reserve Bank to get to the bottom. Maybe we're there.

859
00:39:51,040 --> 00:39:53,160
Speaker 19: You know what it is? This the time to start

860
00:39:53,160 --> 00:39:54,600
Speaker 19: looking at what's the right thing to do?

861
00:39:54,840 --> 00:39:56,720
Speaker 2: Yeah? Nick, thank you very much for you to im appreciated.

862
00:39:56,760 --> 00:39:58,800
Speaker 2: Nick Touughley, a'sbchief economist.

863
00:39:59,360 --> 00:40:01,080
Speaker 3: Ever to see Ellen listen.

864
00:40:01,120 --> 00:40:04,120
Speaker 2: I gotta warn you you know what's happening on Thursday A.

865
00:40:04,600 --> 00:40:07,000
Speaker 2: I mean put this in your diary, Get the kids

866
00:40:07,040 --> 00:40:10,480
Speaker 2: out of school, take the day off work. Ikea is

867
00:40:10,520 --> 00:40:14,120
Speaker 2: opening on Thursday, which means, because today's Monday, we are

868
00:40:14,160 --> 00:40:17,399
Speaker 2: in full mental crazy mode. The stories are just like,

869
00:40:17,760 --> 00:40:19,960
Speaker 2: look if if you need to put a block on Ikea,

870
00:40:20,000 --> 00:40:21,480
Speaker 2: if you don't want to see what's going on. But

871
00:40:21,560 --> 00:40:25,080
Speaker 2: everybody's going nuts on it. Why IKEA's new Auckland store

872
00:40:25,120 --> 00:40:28,040
Speaker 2: had to be built like a near hospital strength bunker,

873
00:40:28,440 --> 00:40:31,440
Speaker 2: says The Herald. The shelves have stopped the chillers are filled,

874
00:40:31,440 --> 00:40:34,920
Speaker 2: the pillows of fluffed. Ikea is Ready is another headline.

875
00:40:35,080 --> 00:40:38,239
Speaker 2: First look inside Ikea Sylvia Park ahead official opening. Take

876
00:40:38,280 --> 00:40:41,279
Speaker 2: a look inside Auckland's flagship Ikea store before opening day.

877
00:40:41,440 --> 00:40:44,239
Speaker 2: The front page is on location, which I think means

878
00:40:44,239 --> 00:40:46,640
Speaker 2: they've recorded a podcast. It probably in the store, New

879
00:40:46,719 --> 00:40:50,279
Speaker 2: Zealand's first Ikea Inside IKEA's massive new Auckland store. What

880
00:40:50,400 --> 00:40:53,400
Speaker 2: shoppers can expect, probably I hate to break this to you,

881
00:40:53,520 --> 00:40:57,719
Speaker 2: Ikea products. That's what you can expect. You're gonna walk in,

882
00:40:57,880 --> 00:40:59,960
Speaker 2: You're gonna se Ikea products, which is why you're there.

883
00:41:00,680 --> 00:41:01,080
Speaker 3: I kid.

884
00:41:01,080 --> 00:41:04,360
Speaker 2: The vintage style table lamp creates the most gorgeous ambient

885
00:41:04,520 --> 00:41:05,920
Speaker 2: like it and it just goes on and on.

886
00:41:06,160 --> 00:41:08,200
Speaker 3: It's just on and on and on and on.

887
00:41:08,480 --> 00:41:11,240
Speaker 2: Story is about a shop opening, and you've been here before,

888
00:41:11,280 --> 00:41:13,360
Speaker 2: and I've been here before, and you know what happens

889
00:41:13,400 --> 00:41:15,400
Speaker 2: now a we're going to get it tomorrow? Are we

890
00:41:15,440 --> 00:41:17,120
Speaker 2: going to get it Wednesday? And then it's going to

891
00:41:17,160 --> 00:41:19,440
Speaker 2: be and it's full glory on Thursday, and then it'll

892
00:41:19,480 --> 00:41:21,200
Speaker 2: sort of taper off. But boy, we're in for a

893
00:41:21,239 --> 00:41:25,000
Speaker 2: week of mental news. Quarter past upgrades we love and

894
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895
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899
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904
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905
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907
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909
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910
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911
00:42:15,800 --> 00:42:18,640
Speaker 3: Heather Doopers Allen it's.

912
00:42:18,560 --> 00:42:21,120
Speaker 2: Nineteen past five, OK. A christ Church school is asking

913
00:42:21,200 --> 00:42:23,200
Speaker 2: kids and parents to watch out for symptoms of food

914
00:42:23,200 --> 00:42:26,240
Speaker 2: poisoning because they've got some rancid and moldy school lunches

915
00:42:26,239 --> 00:42:28,160
Speaker 2: today and I've looked at the pictures and it's pretty gross.

916
00:42:28,520 --> 00:42:30,520
Speaker 2: By the time the school realized the meals were off,

917
00:42:30,560 --> 00:42:32,960
Speaker 2: some kids had already eaten them. Peggy Burrows as the

918
00:42:33,000 --> 00:42:38,480
Speaker 2: principal at Highauter Community Campus and with us High. Peggy sure, Now, Peggy,

919
00:42:38,480 --> 00:42:41,520
Speaker 2: I'm looking at this picture and it is like seventy

920
00:42:41,520 --> 00:42:44,880
Speaker 2: percent covered in mold the food. Nobody ate that, right.

921
00:42:45,560 --> 00:42:49,600
Speaker 9: No, it's pretty horrendous, isn't it. So hopefully when they

922
00:42:49,640 --> 00:42:51,600
Speaker 9: were open, kids would have been illusion to effect, but

923
00:42:51,680 --> 00:42:54,759
Speaker 9: some of our smaller children perhaps didn't realize. In some

924
00:42:54,800 --> 00:42:58,040
Speaker 9: of the lunches that we managed to recover looked like

925
00:42:58,040 --> 00:43:00,279
Speaker 9: they'd either been nibbled, and factly was one that looked

926
00:43:00,280 --> 00:43:02,600
Speaker 9: like it had been eaten. So we are very consumed.

927
00:43:02,600 --> 00:43:04,400
Speaker 2: But Peggy, they can't all be like the one in

928
00:43:04,440 --> 00:43:04,880
Speaker 2: the picture.

929
00:43:05,760 --> 00:43:09,360
Speaker 9: No, that's true. So the lunches are delivered by Compass

930
00:43:09,440 --> 00:43:11,920
Speaker 9: and they come in caravans which are like a chili bin,

931
00:43:12,000 --> 00:43:16,960
Speaker 9: only they're heated, so and there are multiple carabans there.

932
00:43:17,080 --> 00:43:19,439
Speaker 9: So when we did a quick check after we shut

933
00:43:19,440 --> 00:43:23,480
Speaker 9: it down, each of the carabans had some contaminated food

934
00:43:23,600 --> 00:43:26,560
Speaker 9: in them. So we eluded our compass and said could

935
00:43:26,560 --> 00:43:28,520
Speaker 9: they please come immediately, which they did.

936
00:43:28,800 --> 00:43:31,760
Speaker 2: Right, because these these meals are individual portions, so it's possible.

937
00:43:31,840 --> 00:43:35,520
Speaker 2: I mean, it seems like the photograph that looks horrendous

938
00:43:35,520 --> 00:43:37,600
Speaker 2: will be the worst case, and then you will have

939
00:43:38,080 --> 00:43:40,719
Speaker 2: a sort of a declining scale to food that was

940
00:43:40,719 --> 00:43:43,399
Speaker 2: actually probably more consumable at the far end right.

941
00:43:44,160 --> 00:43:48,560
Speaker 9: Possibly, possibly, I couldn't guarantee that though. So we the

942
00:43:48,560 --> 00:43:50,560
Speaker 9: staff are encouraged to eat the lunches as well with

943
00:43:50,640 --> 00:43:53,759
Speaker 9: the students. So a staff member peeled back the top

944
00:43:53,800 --> 00:43:57,120
Speaker 9: of hers and that that was her one. So she

945
00:43:57,239 --> 00:43:59,719
Speaker 9: eluded us immediately, and then we shut everything down and

946
00:43:59,719 --> 00:44:03,839
Speaker 9: then we opened just random ones and so some of

947
00:44:03,840 --> 00:44:06,239
Speaker 9: them were perfect, and some of the children reported that

948
00:44:06,280 --> 00:44:09,160
Speaker 9: they had eaten the meals and they were fine. We

949
00:44:09,200 --> 00:44:12,560
Speaker 9: didn't find any child who was feeling sick or unwell,

950
00:44:12,880 --> 00:44:15,960
Speaker 9: but of course we had to do those notifications immediately, Yeah,

951
00:44:16,000 --> 00:44:18,120
Speaker 9: to make sure that parents are alluded to the fact

952
00:44:18,160 --> 00:44:19,160
Speaker 9: that there could be a problem.

953
00:44:19,239 --> 00:44:22,160
Speaker 2: Interesting, Hey, thank you, Peggy really appreciated. That's Peggy Burrows,

954
00:44:22,160 --> 00:44:24,960
Speaker 2: who is the principle at Hiyata Community Campus. Heither we

955
00:44:25,040 --> 00:44:29,000
Speaker 2: are in the Ikea store. Now, how about that? In

956
00:44:29,040 --> 00:44:31,920
Speaker 2: the Ikea store and listening to newstalk z'b drive. Is

957
00:44:31,960 --> 00:44:35,040
Speaker 2: that not a perfect experience. It's super busy, even after

958
00:44:35,200 --> 00:44:37,080
Speaker 2: even before opening. I feel sorry for all the other

959
00:44:37,120 --> 00:44:38,680
Speaker 2: businesses around here. Is they're not going to be able

960
00:44:38,719 --> 00:44:40,919
Speaker 2: to move with the traffic, Joel, They're not. No one's

961
00:44:40,960 --> 00:44:43,280
Speaker 2: going to be like you do realize Auckland is coming

962
00:44:43,280 --> 00:44:45,920
Speaker 2: to a still or standstill? Which way do you say

963
00:44:45,920 --> 00:44:48,600
Speaker 2: to it? I can't even remember. It's a right the way? Yeah, still,

964
00:44:48,600 --> 00:44:51,800
Speaker 2: stand stand still, same, same anyway. It's we're grid locking.

965
00:44:51,880 --> 00:44:55,200
Speaker 2: We're shutting down on Thursday because the traffic's being told

966
00:44:55,200 --> 00:44:57,080
Speaker 2: if you can't go down the Southern Motorway to get

967
00:44:57,120 --> 00:44:58,600
Speaker 2: to the Sylvie Park, you want to use the Ring

968
00:44:58,680 --> 00:45:00,480
Speaker 2: Road and get to it that way. So all the

969
00:45:00,480 --> 00:45:04,279
Speaker 2: motorways are just going to be got with Ikea traffic. So yeah,

970
00:45:04,360 --> 00:45:07,640
Speaker 2: in mind the business. Feel sorry for literally everyone, literally

971
00:45:07,680 --> 00:45:11,160
Speaker 2: everyone is impacted by this. As the mental madness descends

972
00:45:11,160 --> 00:45:13,200
Speaker 2: on the city of Auckland five twenty two.

973
00:45:14,040 --> 00:45:14,719
Speaker 3: Cutting through the.

974
00:45:14,680 --> 00:45:18,160
Speaker 1: Noise to get the facts, it's Heather Duplicyl and drive

975
00:45:18,480 --> 00:45:22,320
Speaker 1: with one New Zealand coverage like no one else youth talks.

976
00:45:22,320 --> 00:45:26,240
Speaker 2: They'd be heather, did that principle just say the teachers

977
00:45:26,239 --> 00:45:29,360
Speaker 2: eat the lunches as well? M yeah, we're getting a

978
00:45:29,400 --> 00:45:31,759
Speaker 2: few texts about that. That principle did in fact say

979
00:45:31,800 --> 00:45:35,040
Speaker 2: that five they are encouraged to eat the lunches with

980
00:45:35,080 --> 00:45:37,040
Speaker 2: the children. I think was sort of roughly what was

981
00:45:37,080 --> 00:45:40,839
Speaker 2: said five twenty five. Listen, now that we have seen

982
00:45:40,880 --> 00:45:43,080
Speaker 2: the results of the latest smoking survey, can we please

983
00:45:43,080 --> 00:45:45,799
Speaker 2: stop banging on about tobacco in this government If you

984
00:45:45,840 --> 00:45:48,160
Speaker 2: haven't seen it, The headline is basically that New Zealand

985
00:45:48,200 --> 00:45:51,320
Speaker 2: is winning on smoking and apparently winning on vaping too.

986
00:45:51,520 --> 00:45:56,400
Speaker 2: Only one percent one percent of fourteen and fifteen year

987
00:45:56,440 --> 00:46:00,160
Speaker 2: old smoke cities daily. Only two point five percent them

988
00:46:00,200 --> 00:46:02,520
Speaker 2: smoke singies every now and again, which I presume means

989
00:46:02,520 --> 00:46:04,440
Speaker 2: that they're doing it at the weekend at parties or

990
00:46:04,440 --> 00:46:07,400
Speaker 2: a skate park or whatever. But either way, both of

991
00:46:07,440 --> 00:46:11,080
Speaker 2: those numbers are minuscule, particularly the one percent minuscule. That

992
00:46:11,160 --> 00:46:13,880
Speaker 2: is a generation of kids you can basically call smoke

993
00:46:13,960 --> 00:46:16,560
Speaker 2: free on vaping, which has been something of a problem

994
00:46:16,600 --> 00:46:18,920
Speaker 2: for the kids of late daily vaping for fourteen and

995
00:46:18,920 --> 00:46:21,520
Speaker 2: fifteen year olds has fallen from close to nine percent

996
00:46:21,920 --> 00:46:25,879
Speaker 2: down to seven percent. Now again that is, let's be fair,

997
00:46:26,120 --> 00:46:28,280
Speaker 2: that is not a massive drop off, but it's heated

998
00:46:28,280 --> 00:46:29,920
Speaker 2: in the right direction. Moon for a very long time

999
00:46:29,960 --> 00:46:32,239
Speaker 2: it was going in the wrong direction. The suggestion here

1000
00:46:32,320 --> 00:46:35,040
Speaker 2: is that vaping is becoming less cool for kids, which

1001
00:46:35,120 --> 00:46:39,279
Speaker 2: is a massive win. We are doing extraordinarily well when

1002
00:46:39,280 --> 00:46:41,839
Speaker 2: it comes to inhaling weird stuff into your lungs. Only

1003
00:46:41,880 --> 00:46:44,360
Speaker 2: six point eight percent of people still smoke. That is

1004
00:46:44,400 --> 00:46:47,560
Speaker 2: a remarkable decline from the rate of around about twelve

1005
00:46:47,560 --> 00:46:50,160
Speaker 2: percent only six years ago. But you wouldn't know that,

1006
00:46:50,520 --> 00:46:52,880
Speaker 2: would you if you just read the endless news stories

1007
00:46:52,920 --> 00:46:55,400
Speaker 2: about how this government is captured by the tobacco lobby.

1008
00:46:55,440 --> 00:46:57,600
Speaker 2: How we're going to miss our smoke free twenty twenty

1009
00:46:57,640 --> 00:47:00,240
Speaker 2: five target and thirty one days time because the smoking

1010
00:47:00,320 --> 00:47:02,520
Speaker 2: rate as six point eight percent instead of five percent.

1011
00:47:02,719 --> 00:47:04,759
Speaker 2: How the government gave a tax break to heat it

1012
00:47:04,800 --> 00:47:07,040
Speaker 2: tobacco products when actually what they were trying to do

1013
00:47:07,120 --> 00:47:09,120
Speaker 2: was just give the hardcore smokers another thing to do

1014
00:47:09,200 --> 00:47:11,680
Speaker 2: instead of smoking that was less bad for them. How

1015
00:47:11,680 --> 00:47:14,040
Speaker 2: the government is captured by the tobacco lobby, how the

1016
00:47:14,080 --> 00:47:18,200
Speaker 2: tobacco industry is interfering in government policy. Given the number

1017
00:47:18,239 --> 00:47:22,239
Speaker 2: of stories, you would think that smoking was an enormous

1018
00:47:22,280 --> 00:47:25,239
Speaker 2: problem in this country, when it actually isn't. It is

1019
00:47:25,280 --> 00:47:28,360
Speaker 2: a very small problem. Now it is a declining problem,

1020
00:47:28,360 --> 00:47:29,719
Speaker 2: and if you actually want to call it by a

1021
00:47:29,719 --> 00:47:34,200
Speaker 2: perfectly good descriptor, it would be it is a success story.

1022
00:47:34,239 --> 00:47:37,919
Speaker 2: The tobacco stories in this government are boring, and now

1023
00:47:37,960 --> 00:47:39,840
Speaker 2: we find out they're actually also unfair.

1024
00:47:40,719 --> 00:47:42,319
Speaker 3: Heather Duplicy Ellen.

1025
00:47:43,080 --> 00:47:47,480
Speaker 2: M hither I am mad for this BS. I can

1026
00:47:47,520 --> 00:47:50,040
Speaker 2: campaign for mayor on a platform of reducing rates, but

1027
00:47:50,080 --> 00:47:52,120
Speaker 2: that does not mean I will do it. Mayor's losing

1028
00:47:52,120 --> 00:47:54,799
Speaker 2: their seats as a crack argument. That's Trevor from christ Church.

1029
00:47:54,800 --> 00:47:59,360
Speaker 2: Trevor is upset because, yeah, look Simon, what Simon Watts

1030
00:47:59,400 --> 00:48:01,560
Speaker 2: did was when it was confronted with questions he didn't

1031
00:48:01,600 --> 00:48:03,400
Speaker 2: want to have to answer, he just basically didn't or

1032
00:48:03,440 --> 00:48:06,520
Speaker 2: he answered them very badly. What is obviously going to

1033
00:48:06,560 --> 00:48:09,080
Speaker 2: happen is between now and twenty twenty nine, your rates

1034
00:48:09,080 --> 00:48:10,759
Speaker 2: are going to go up at an extraordinary rate so

1035
00:48:10,760 --> 00:48:12,359
Speaker 2: that they're going to get them high and keep them high.

1036
00:48:12,400 --> 00:48:13,320
Speaker 2: That's what's going to happen.

1037
00:48:13,400 --> 00:48:20,160
Speaker 1: News is next, hard questions, strong opinion here the duplicy

1038
00:48:20,160 --> 00:48:23,200
Speaker 1: Ellen drive with one New Zealand and the power of

1039
00:48:23,280 --> 00:48:25,480
Speaker 1: satellite mobile news talks, they'd be.

1040
00:48:30,360 --> 00:48:32,680
Speaker 2: Right the huddle standing by. We have Joseph Agarni and

1041
00:48:32,719 --> 00:48:34,879
Speaker 2: Trisherson of us this evening, and then Nichola Willis will

1042
00:48:34,880 --> 00:48:37,279
Speaker 2: be with us after six as per usual. News just

1043
00:48:37,440 --> 00:48:41,440
Speaker 2: out an urgent legal injunction. Injunction has been filed to

1044
00:48:41,440 --> 00:48:44,640
Speaker 2: stop the incoming ban on the puberty blockers. It's been

1045
00:48:44,680 --> 00:48:48,160
Speaker 2: filed by the Professional Association of Transgender Health ALTIAT or

1046
00:48:48,280 --> 00:48:51,360
Speaker 2: Juda Kacan. Obviously, if you've been following it, Juda Kickan

1047
00:48:51,600 --> 00:48:54,800
Speaker 2: on the nineteenth of December, so that's Friday, like Friday

1048
00:48:54,880 --> 00:48:57,919
Speaker 2: in about three weeks. But these guys say they've taken

1049
00:48:57,960 --> 00:49:00,719
Speaker 2: this to court immediately for a judicial review because the

1050
00:49:00,760 --> 00:49:04,080
Speaker 2: regulations are being enacted based on politics, not on clinical

1051
00:49:04,120 --> 00:49:06,520
Speaker 2: evidence or best practice decision making. So keep an eye

1052
00:49:06,560 --> 00:49:08,919
Speaker 2: on that one twenty four away from six. Now, let's

1053
00:49:08,920 --> 00:49:10,600
Speaker 2: talk a little bit more about the rate caps. There's

1054
00:49:10,640 --> 00:49:13,239
Speaker 2: concern that the government's rate caps will lead to more

1055
00:49:13,320 --> 00:49:16,440
Speaker 2: underfunding of desperately needed infrastructure. The government will force the

1056
00:49:16,440 --> 00:49:19,239
Speaker 2: councils to restrict their rates increases to between two and

1057
00:49:19,400 --> 00:49:22,080
Speaker 2: four percent within the next four years. Nick Legan is

1058
00:49:22,080 --> 00:49:24,520
Speaker 2: the chief executive of Infrastructure New Zealand and with US.

1059
00:49:24,560 --> 00:49:26,480
Speaker 18: Hello Nick, Hello Heather.

1060
00:49:26,560 --> 00:49:28,400
Speaker 2: Okay, so what is it that you're worried about.

1061
00:49:29,560 --> 00:49:34,080
Speaker 18: Well, we're obviously worried about rates capping, limiting council's ability

1062
00:49:34,160 --> 00:49:38,400
Speaker 18: to not only invest in new infrastructure, but maintain the

1063
00:49:38,640 --> 00:49:42,920
Speaker 18: critical infrastructure that they've already got. And you know, this

1064
00:49:43,120 --> 00:49:45,640
Speaker 18: is weakening councils at a time when we actually need

1065
00:49:45,640 --> 00:49:47,880
Speaker 18: them to be stronger as a country because they do

1066
00:49:48,000 --> 00:49:52,400
Speaker 18: maintain roads, they do maintain community facilities such as parks

1067
00:49:52,440 --> 00:49:57,800
Speaker 18: and public buildings and public toilets and landfills, critical stuff

1068
00:49:57,840 --> 00:50:00,960
Speaker 18: for us, right, critical stuff for us to for communities

1069
00:50:00,960 --> 00:50:04,080
Speaker 18: their neighborhoods to enjoy, but also for our economy. And

1070
00:50:04,480 --> 00:50:07,120
Speaker 18: you know, it just seems like double standards here, heither,

1071
00:50:07,200 --> 00:50:10,279
Speaker 18: because the government owns a lot of public assets and

1072
00:50:10,320 --> 00:50:13,520
Speaker 18: they're not subjecting themselves to the same level of scrutiny,

1073
00:50:13,560 --> 00:50:17,200
Speaker 18: like putting a regulator in charge of you know, spending

1074
00:50:17,239 --> 00:50:21,480
Speaker 18: their budgets on hospitals or schools or you know, all

1075
00:50:21,520 --> 00:50:25,799
Speaker 18: of the other things that the governments run. Look, I'm

1076
00:50:25,840 --> 00:50:28,399
Speaker 18: okay with a bit of stick, you know, but give

1077
00:50:28,520 --> 00:50:31,920
Speaker 18: some carrot as well. And you know, we shouldn't weaken

1078
00:50:32,040 --> 00:50:35,600
Speaker 18: local government without having a proper discussion about exactly what

1079
00:50:35,719 --> 00:50:36,560
Speaker 18: it is we want.

1080
00:50:36,440 --> 00:50:36,880
Speaker 6: Them to do.

1081
00:50:36,960 --> 00:50:38,840
Speaker 18: And I thought, you know, we were very supportive of

1082
00:50:38,920 --> 00:50:42,640
Speaker 18: last week's policy where they're talking about reviewing regional councils

1083
00:50:42,640 --> 00:50:46,200
Speaker 18: that will force some algamations, good efficiencies. You know, nobody

1084
00:50:46,200 --> 00:50:50,239
Speaker 18: thinks that local government's perfect and that it doesn't overspend

1085
00:50:50,239 --> 00:50:56,600
Speaker 18: in places. But when you restrict its ability to collect rates,

1086
00:50:56,640 --> 00:51:00,719
Speaker 18: which is the only form of revenue it's really got,

1087
00:51:01,080 --> 00:51:03,120
Speaker 18: and it will restrict its ability to spend, it have

1088
00:51:03,160 --> 00:51:06,560
Speaker 18: to make choices about whether it maintains or builds or

1089
00:51:06,640 --> 00:51:09,840
Speaker 18: doesn't maintain or build infrastructure. I think we're in I

1090
00:51:09,880 --> 00:51:12,840
Speaker 18: think it will have exactly the opposite impact of it

1091
00:51:13,000 --> 00:51:14,319
Speaker 18: to the one that the government thinks it will.

1092
00:51:14,520 --> 00:51:17,919
Speaker 2: So the stick the carrots that you would like, would

1093
00:51:17,920 --> 00:51:21,160
Speaker 2: it be in the form of alternative excuse me, alternative

1094
00:51:21,200 --> 00:51:21,920
Speaker 2: revenue raising?

1095
00:51:22,880 --> 00:51:25,240
Speaker 18: Yeah, that's right, I mean a sort of revenue raising

1096
00:51:25,280 --> 00:51:30,320
Speaker 18: that motivated councils to maintain their assets better to renew

1097
00:51:31,360 --> 00:51:35,760
Speaker 18: you know, things like roads and other public assets better,

1098
00:51:36,040 --> 00:51:36,879
Speaker 18: so things like.

1099
00:51:36,920 --> 00:51:41,680
Speaker 2: What things like GST sharing bed levees in parking costs exactly.

1100
00:51:41,920 --> 00:51:43,960
Speaker 18: And look we've been we've been in favor of that

1101
00:51:44,040 --> 00:51:48,520
Speaker 18: bid charge for for you know, those hot sort of

1102
00:51:48,600 --> 00:51:52,279
Speaker 18: visitor hot spots like Queenstown. That would actually give Queenstown

1103
00:51:52,360 --> 00:51:54,799
Speaker 18: a really good leg up in terms of being able

1104
00:51:54,840 --> 00:51:57,920
Speaker 18: to maintain the infrastructure it needs and build the infrastructure

1105
00:51:57,920 --> 00:52:01,000
Speaker 18: it needs over the coming decade. But also, yeah, GST

1106
00:52:01,160 --> 00:52:05,200
Speaker 18: sharing if an area grows, you know, councils at the

1107
00:52:05,239 --> 00:52:08,120
Speaker 18: moment they bear the cost of that, and the new

1108
00:52:08,160 --> 00:52:10,759
Speaker 18: water entities will be the cost of that government you know,

1109
00:52:11,120 --> 00:52:12,920
Speaker 18: laughs all the way to the bank because it collects

1110
00:52:12,920 --> 00:52:17,160
Speaker 18: greater GST and taxation from growth. Councils are less often

1111
00:52:17,239 --> 00:52:22,640
Speaker 18: carrying carrying the baby without the support payment. So it's

1112
00:52:22,760 --> 00:52:25,239
Speaker 18: just we just need a bit more of a balance here,

1113
00:52:25,360 --> 00:52:28,400
Speaker 18: and you know, you think about you know, rates have

1114
00:52:28,440 --> 00:52:34,120
Speaker 18: obviously added to inflation recently, but greater adding to inflation

1115
00:52:34,120 --> 00:52:36,399
Speaker 18: have been energy prices. But of course the government are

1116
00:52:36,400 --> 00:52:38,600
Speaker 18: in an ownership position there. They haven't done anything to

1117
00:52:38,640 --> 00:52:41,680
Speaker 18: themselves because they enjoy the dividends and they enjoy the

1118
00:52:41,680 --> 00:52:46,359
Speaker 18: additional GST. I just think that it's still a democratic

1119
00:52:46,560 --> 00:52:50,160
Speaker 18: arm of government. It's got you know, it's valid in

1120
00:52:50,239 --> 00:52:54,720
Speaker 18: many communities. And I think people and elected members should

1121
00:52:54,719 --> 00:52:58,040
Speaker 18: be trusted to spend and make decisions and choices about

1122
00:52:58,080 --> 00:52:58,680
Speaker 18: where they ended.

1123
00:52:59,080 --> 00:53:01,640
Speaker 2: No one trusts them anymore, But look, bless, I do

1124
00:53:01,719 --> 00:53:05,440
Speaker 2: appreciate your point, Nick Lee get Chief Executive Infrastructure, New Zealand.

1125
00:53:05,520 --> 00:53:08,799
Speaker 2: Joel is still inside the Ikea store and still texting me.

1126
00:53:09,239 --> 00:53:12,200
Speaker 2: The latest update is that Jewel's children have just Joel's

1127
00:53:12,280 --> 00:53:14,280
Speaker 2: children have just got a photo with a giant, walking

1128
00:53:14,360 --> 00:53:18,080
Speaker 2: talking meatball at Ikea. And I want you to realize

1129
00:53:18,080 --> 00:53:20,000
Speaker 2: what's going on here is Joel is walking around with

1130
00:53:20,040 --> 00:53:22,520
Speaker 2: his children in Ikea, listening to news talk. Z'DB drive

1131
00:53:22,600 --> 00:53:25,440
Speaker 2: Joel more up? Do just keep them coming? Why not?

1132
00:53:25,480 --> 00:53:27,080
Speaker 2: Why don't we just get into it as well? Twenty

1133
00:53:27,120 --> 00:53:29,279
Speaker 2: away from six the huddle with.

1134
00:53:29,320 --> 00:53:32,480
Speaker 1: New Zealand Southeby's International Realty, a name you can trust

1135
00:53:32,520 --> 00:53:34,000
Speaker 1: locally and globally.

1136
00:53:34,000 --> 00:53:35,880
Speaker 2: I'm huddle with me this evening. We have Tris Sheherson

1137
00:53:35,960 --> 00:53:39,040
Speaker 2: Shearson Willis pr and JOSEPHC. Garney, CEO of Child Found.

1138
00:53:39,040 --> 00:53:42,120
Speaker 2: Hello you too, Hello, Trish? Do you love the rate caps.

1139
00:53:42,800 --> 00:53:45,160
Speaker 4: I do love the rate cat do.

1140
00:53:46,640 --> 00:53:48,879
Speaker 2: Are you not worried about all the things that Nick

1141
00:53:49,040 --> 00:53:50,920
Speaker 2: just said, which is that they're going to stop spending

1142
00:53:50,920 --> 00:53:53,360
Speaker 2: on the pipes and you I am, well, you're going

1143
00:53:53,440 --> 00:53:55,640
Speaker 2: to get all the chip seal and none of the asphalt.

1144
00:53:55,719 --> 00:53:58,160
Speaker 4: Well, well, this is right. I mean, here's what I

1145
00:53:58,200 --> 00:53:58,680
Speaker 4: love about it.

1146
00:53:58,719 --> 00:54:01,640
Speaker 14: I think that politically this is a really smart play

1147
00:54:01,680 --> 00:54:05,560
Speaker 14: from national right now because through the cost of living crisis,

1148
00:54:05,680 --> 00:54:10,719
Speaker 14: the outrageous increase in rates, the unlimited increasive rates has

1149
00:54:10,800 --> 00:54:13,200
Speaker 14: been one of the problems not only for rate payers

1150
00:54:13,239 --> 00:54:16,120
Speaker 14: but also in terms of our non tradable inflation in

1151
00:54:16,160 --> 00:54:18,239
Speaker 14: New Zealand. That's one of the things that no one

1152
00:54:18,280 --> 00:54:20,919
Speaker 14: has been able to control. So politically I think it's

1153
00:54:20,960 --> 00:54:25,880
Speaker 14: smart and also it's risk free for a government because

1154
00:54:25,920 --> 00:54:30,120
Speaker 14: if it doesn't go well, they just say, well, councils

1155
00:54:30,160 --> 00:54:35,600
Speaker 14: couldn't live within their means. But the political, the longer

1156
00:54:35,680 --> 00:54:38,560
Speaker 14: term political risk is that they cap the rates and

1157
00:54:38,600 --> 00:54:42,600
Speaker 14: they haven't actually fixed the model. So we all know

1158
00:54:42,760 --> 00:54:46,040
Speaker 14: there are fundamental problems with local government in New Zealand

1159
00:54:46,239 --> 00:54:50,359
Speaker 14: all the way from the capability of those who are

1160
00:54:50,400 --> 00:54:54,919
Speaker 14: standing for counsel and on council right through to how

1161
00:54:55,880 --> 00:54:59,160
Speaker 14: infrastructure is being funded or not and their ability to

1162
00:54:59,200 --> 00:55:02,320
Speaker 14: do long term play and all the levels. So again

1163
00:55:02,480 --> 00:55:05,400
Speaker 14: for National I think this is a good political headline

1164
00:55:05,440 --> 00:55:08,960
Speaker 14: right now. It takes them further than Labor with their

1165
00:55:08,960 --> 00:55:11,719
Speaker 14: announcement on the weekend about you know GPS that will

1166
00:55:11,800 --> 00:55:14,880
Speaker 14: come and go with with with people, but they will

1167
00:55:14,960 --> 00:55:18,719
Speaker 14: have to demonstrate that there is a bigger strategy underneath

1168
00:55:18,760 --> 00:55:21,799
Speaker 14: this because and I know Jose is going to come

1169
00:55:21,800 --> 00:55:25,760
Speaker 14: onto this, but you know, people still need potholes, fixed,

1170
00:55:26,160 --> 00:55:30,920
Speaker 14: pools open, all of them, the collected, collected, all of

1171
00:55:30,960 --> 00:55:34,239
Speaker 14: that kind of stuff. And what's happened overseas is that

1172
00:55:34,280 --> 00:55:38,000
Speaker 14: there has been these rate caps, a quiet erosion of

1173
00:55:38,080 --> 00:55:40,799
Speaker 14: services often and then the other thing that councils have

1174
00:55:40,840 --> 00:55:42,920
Speaker 14: done overseas that we'll have to watch, we'll hear, is

1175
00:55:42,960 --> 00:55:47,279
Speaker 14: that councils then put in other kind of levees to

1176
00:55:47,440 --> 00:55:48,440
Speaker 14: make up the difference.

1177
00:55:48,440 --> 00:55:49,839
Speaker 3: So you rat it down.

1178
00:55:51,239 --> 00:55:53,719
Speaker 20: So you just made a great argument, Trash for why

1179
00:55:53,920 --> 00:55:58,239
Speaker 20: this is a really mind bogglingly stupid idea. So I

1180
00:55:58,320 --> 00:56:01,040
Speaker 20: too want to get rid of incoup the bus stops

1181
00:56:01,080 --> 00:56:03,960
Speaker 20: of grass on the top because it's daft and it

1182
00:56:04,000 --> 00:56:06,640
Speaker 20: costs something like two million dollars or something. I want

1183
00:56:06,680 --> 00:56:09,200
Speaker 20: to get rid of the zebra crossings, the pedestrian crossings

1184
00:56:09,200 --> 00:56:12,279
Speaker 20: where there are no pedestrians. But this does nothing to

1185
00:56:12,680 --> 00:56:14,439
Speaker 20: just like a next sent it doesn't do anything about

1186
00:56:14,440 --> 00:56:17,480
Speaker 20: the efficiency of councils. It does nothing. All it does

1187
00:56:18,200 --> 00:56:21,920
Speaker 20: is go right, you can't put rates up well right now,

1188
00:56:21,960 --> 00:56:25,480
Speaker 20: we can, But Josie.

1189
00:56:25,120 --> 00:56:27,840
Speaker 2: Isn't this So if you've still got the Numpties around

1190
00:56:27,840 --> 00:56:30,640
Speaker 2: the table, still spending money on crap they shouldn't spend

1191
00:56:30,640 --> 00:56:33,360
Speaker 2: it on. Is it not better to have them spending

1192
00:56:33,400 --> 00:56:35,560
Speaker 2: with less money than more money. So it's still an

1193
00:56:35,600 --> 00:56:36,799
Speaker 2: improvement on the status quad.

1194
00:56:36,840 --> 00:56:40,439
Speaker 20: I've got a better idea though, just both the Numpties out, because.

1195
00:56:40,120 --> 00:56:46,839
Speaker 2: That's we look at it and we go, oh, look, as.

1196
00:56:48,760 --> 00:56:51,120
Speaker 20: You just said, Trisha, you're absolutely right that the government

1197
00:56:51,120 --> 00:56:53,600
Speaker 20: will go. Well, that that swimming pool didn't get built,

1198
00:56:53,600 --> 00:56:56,439
Speaker 20: those roads potholes didn't get fixed. It's the council's fault,

1199
00:56:56,520 --> 00:56:59,359
Speaker 20: and the council will go. We did a long term plan.

1200
00:56:59,520 --> 00:57:01,799
Speaker 20: We lest we wrote the long term plan. We can't

1201
00:57:01,840 --> 00:57:03,440
Speaker 20: do it because I haven't got any money, so they'll go.

1202
00:57:03,480 --> 00:57:04,400
Speaker 20: It's government's fault.

1203
00:57:04,520 --> 00:57:06,440
Speaker 15: Because you haven't given us any money to do that.

1204
00:57:07,040 --> 00:57:10,360
Speaker 20: And worse than that, worse than that, they will now say.

1205
00:57:10,440 --> 00:57:14,200
Speaker 20: It's as if they're saying rates now are ideal, which

1206
00:57:14,239 --> 00:57:17,160
Speaker 20: we know they're not right. We know that it's either

1207
00:57:17,160 --> 00:57:19,000
Speaker 20: it's being spent on silly bus stops or it's not

1208
00:57:19,120 --> 00:57:22,840
Speaker 20: enough money. But you know, if you're going to if

1209
00:57:22,880 --> 00:57:25,360
Speaker 20: you're going to say that you have to keep rates

1210
00:57:25,360 --> 00:57:28,240
Speaker 20: within two to four percent, then what's going to happen?

1211
00:57:28,280 --> 00:57:31,080
Speaker 20: Exactly what next said you're not going to pay one hundred.

1212
00:57:30,800 --> 00:57:32,200
Speaker 2: Dollars to register your dog.

1213
00:57:32,320 --> 00:57:34,520
Speaker 20: You're going to pay one thousand dollars because all those

1214
00:57:34,600 --> 00:57:35,280
Speaker 20: user charges.

1215
00:57:35,760 --> 00:57:36,560
Speaker 2: Don't have a dog.

1216
00:57:37,000 --> 00:57:39,080
Speaker 15: Okay, don't have a dog. But least do you want

1217
00:57:39,120 --> 00:57:39,880
Speaker 15: a swimming pool?

1218
00:57:39,920 --> 00:57:40,400
Speaker 21: Do you know?

1219
00:57:40,680 --> 00:57:40,760
Speaker 1: So?

1220
00:57:40,880 --> 00:57:42,520
Speaker 15: I want the right just one more thing.

1221
00:57:42,600 --> 00:57:46,560
Speaker 20: I want the right to vote for an airport, an

1222
00:57:46,640 --> 00:57:49,720
Speaker 20: upgraded airport in company, or I don't know, a new

1223
00:57:49,840 --> 00:57:52,800
Speaker 20: swimming pool or a library. This is taking away my right.

1224
00:57:52,880 --> 00:57:56,400
Speaker 20: You know, taxation, No taxation without representation works the other

1225
00:57:56,440 --> 00:57:58,920
Speaker 20: way too. I want to vote for some things that

1226
00:57:59,000 --> 00:58:01,240
Speaker 20: I want rates to be spent, so I'll vote for

1227
00:58:01,240 --> 00:58:01,640
Speaker 20: the people.

1228
00:58:01,680 --> 00:58:02,520
Speaker 2: You don't get that chance.

1229
00:58:02,560 --> 00:58:04,000
Speaker 4: Well, here's the hope right.

1230
00:58:04,120 --> 00:58:07,520
Speaker 14: So your counsels, you've got quite a long glide path

1231
00:58:07,600 --> 00:58:11,200
Speaker 14: here or a runway until this takes effect under the

1232
00:58:11,280 --> 00:58:15,720
Speaker 14: legislation until twenty twenty nine. But the signaling from government

1233
00:58:15,920 --> 00:58:18,520
Speaker 14: is that the councils will have to start looking now

1234
00:58:18,680 --> 00:58:22,560
Speaker 14: at their expenditure, get smarter about that, get more efficient.

1235
00:58:22,680 --> 00:58:24,640
Speaker 14: Have we got the right head count for a start?

1236
00:58:24,680 --> 00:58:26,560
Speaker 2: That would be a good place Wellington, good.

1237
00:58:26,360 --> 00:58:27,680
Speaker 4: Place to look like Wellington.

1238
00:58:28,280 --> 00:58:30,160
Speaker 14: They are also going to have to think about the

1239
00:58:30,200 --> 00:58:36,000
Speaker 14: funding models for their capital expenditure. So are they are

1240
00:58:36,040 --> 00:58:38,120
Speaker 14: they able to borrow for that? How is all that

1241
00:58:38,160 --> 00:58:41,720
Speaker 14: going to work? That's the other thing. And overall, like

1242
00:58:42,080 --> 00:58:44,439
Speaker 14: every household and business in New Zealand over the last

1243
00:58:44,440 --> 00:58:47,080
Speaker 14: few years, they are going to have to think smarter

1244
00:58:47,320 --> 00:58:48,680
Speaker 14: about how they cut their cloth.

1245
00:58:48,760 --> 00:58:49,760
Speaker 2: But if there are a whole bunch.

1246
00:58:49,640 --> 00:58:51,880
Speaker 20: Of numpties, there are a whole bunch of numpties'.

1247
00:58:51,440 --> 00:58:52,280
Speaker 15: That's what I'm out.

1248
00:58:52,960 --> 00:58:56,640
Speaker 14: Vote them out, don't say place, never going to give

1249
00:58:56,680 --> 00:58:59,760
Speaker 14: you any with whom I think, with whom, with what

1250
00:59:00,360 --> 00:59:01,280
Speaker 14: with what with whom?

1251
00:59:01,320 --> 00:59:01,400
Speaker 6: What?

1252
00:59:02,800 --> 00:59:04,720
Speaker 2: Thank you that? Thank you for that traush. I appreciate

1253
00:59:04,720 --> 00:59:06,400
Speaker 2: you coming back as the grammar police, or I will

1254
00:59:06,440 --> 00:59:07,640
Speaker 2: take a bright come back to these two and to

1255
00:59:07,680 --> 00:59:09,160
Speaker 2: take fourteen away from six.

1256
00:59:11,800 --> 00:59:15,280
Speaker 1: The Huddle with New Zealand South Beast International Realty the

1257
00:59:15,280 --> 00:59:16,960
Speaker 1: only truly global brand.

1258
00:59:17,040 --> 00:59:19,920
Speaker 2: All right, you're back with the huddle, Trisius and Joseph Ganney, Josie.

1259
00:59:20,120 --> 00:59:22,720
Speaker 2: We haven't I haven't even broken this to anyone yet,

1260
00:59:22,760 --> 00:59:25,160
Speaker 2: but Chippy has been voted the Politician of the Year

1261
00:59:25,160 --> 00:59:28,440
Speaker 2: by Tim Murphy in Newsroom. That's mental, isn't it.

1262
00:59:28,560 --> 00:59:31,080
Speaker 20: You don't You don't get to have Politician of the

1263
00:59:31,200 --> 00:59:34,600
Speaker 20: Year for keeping your job right. You've got to do

1264
00:59:34,640 --> 00:59:36,360
Speaker 20: a bit more than that.

1265
00:59:35,600 --> 00:59:40,160
Speaker 2: He did manage to make Labor a potential real you know,

1266
00:59:40,320 --> 00:59:42,800
Speaker 2: So he's risks in my opinion.

1267
00:59:42,520 --> 00:59:44,960
Speaker 20: In my experience of being in and around the Labor

1268
00:59:45,000 --> 00:59:48,240
Speaker 20: Party is quite phenomenal. And he definitely deserves a trophy

1269
00:59:48,240 --> 00:59:51,600
Speaker 20: of some sorts, which is that he's maintained stability after losing,

1270
00:59:51,680 --> 00:59:54,520
Speaker 20: being the Prime minister who lost an election, he's managed

1271
00:59:54,560 --> 00:59:57,280
Speaker 20: not to get eaten up by all the factions, which

1272
00:59:57,320 --> 00:59:59,360
Speaker 20: incidentally are often not ideological.

1273
00:59:59,400 --> 01:00:00,960
Speaker 15: They just which David are you?

1274
01:00:02,200 --> 01:00:06,280
Speaker 20: So for that reason he definitely deserves he definitely deserves

1275
01:00:06,280 --> 01:00:08,480
Speaker 20: a ribbon. But Politician of the Year I mean, if

1276
01:00:08,480 --> 01:00:10,440
Speaker 20: I was awarding that, and I guess we're almost at

1277
01:00:10,440 --> 01:00:11,880
Speaker 20: the end of the year where we can.

1278
01:00:11,800 --> 01:00:14,320
Speaker 15: Do that, you'd have to give it.

1279
01:00:13,800 --> 01:00:17,800
Speaker 20: To either Winston Peters or Shane Jones who had been cast.

1280
01:00:17,920 --> 01:00:19,440
Speaker 20: Look at the expression on her face.

1281
01:00:19,560 --> 01:00:24,280
Speaker 2: No okay, hold, no, okay, stop there, stop, okay. What

1282
01:00:24,360 --> 01:00:24,960
Speaker 2: do you think?

1283
01:00:25,160 --> 01:00:28,560
Speaker 14: I think in order to be the politician of the

1284
01:00:28,640 --> 01:00:31,560
Speaker 14: year you have to have actually done something, thank you.

1285
01:00:31,720 --> 01:00:35,000
Speaker 14: And the only thing that Chris Hopkins has done is

1286
01:00:35,080 --> 01:00:39,920
Speaker 14: sit quietly while everything swirled around the National government. And

1287
01:00:39,960 --> 01:00:44,320
Speaker 14: here's my prediction next year, I think that Labor might

1288
01:00:44,480 --> 01:00:47,080
Speaker 14: come to rue the fact that they have sat so

1289
01:00:47,240 --> 01:00:50,800
Speaker 14: quietly this year. They have banked on the polls going

1290
01:00:50,880 --> 01:00:53,440
Speaker 14: up for them only because it was hugely grumpy against

1291
01:00:53,560 --> 01:00:57,200
Speaker 14: National And if indeed the green shoots continue to grow,

1292
01:00:57,240 --> 01:01:02,160
Speaker 14: particularly from early next year, those cracks that Labor hasn't

1293
01:01:02,200 --> 01:01:06,320
Speaker 14: actually addressed, once those poll numbers start coming down, which

1294
01:01:06,360 --> 01:01:11,440
Speaker 14: they inevitably will next year, that could be very, very damnaged.

1295
01:01:13,240 --> 01:01:15,960
Speaker 20: They will not be so trish that I know what

1296
01:01:16,000 --> 01:01:17,840
Speaker 20: you mean, and I've been saying this to You've got

1297
01:01:17,840 --> 01:01:20,360
Speaker 20: to be careful not to be Peter Dutton in Australia,

1298
01:01:20,440 --> 01:01:23,680
Speaker 20: who was you know, opposition polling highly for two years

1299
01:01:23,720 --> 01:01:27,000
Speaker 20: against Labor and Albanesi and then Trump comes along, Elbow

1300
01:01:27,120 --> 01:01:30,080
Speaker 20: says something like, you know, f off Trump and everybody

1301
01:01:30,120 --> 01:01:31,680
Speaker 20: loves Labor and they vote for them again.

1302
01:01:31,760 --> 01:01:33,480
Speaker 15: So suddenly from leading the polls, you're not.

1303
01:01:34,320 --> 01:01:36,400
Speaker 20: Yes, that's a rest, but I do I do give

1304
01:01:36,440 --> 01:01:38,919
Speaker 20: them credit for at least rolling out of policy which

1305
01:01:38,920 --> 01:01:41,760
Speaker 20: you guys hate, I know, but capital gains tax. That

1306
01:01:41,960 --> 01:01:44,280
Speaker 20: give them some credit for rolling out something that's going

1307
01:01:44,320 --> 01:01:45,040
Speaker 20: to piss people.

1308
01:01:45,080 --> 01:01:45,600
Speaker 3: Let you off.

1309
01:01:45,800 --> 01:01:48,760
Speaker 15: Yeah, and so that's not just that they're sitting back

1310
01:01:48,840 --> 01:01:49,360
Speaker 15: doing nothing.

1311
01:01:49,480 --> 01:01:51,920
Speaker 2: It's slightly controversial, but I think that a Politician of

1312
01:01:51,960 --> 01:01:54,320
Speaker 2: the Year should not be elected, should not be chosen

1313
01:01:54,400 --> 01:01:58,320
Speaker 2: on you know, how good they are at actually doing politics,

1314
01:01:58,320 --> 01:02:00,400
Speaker 2: which I realize is this is why it's gone visual,

1315
01:02:00,560 --> 01:02:02,880
Speaker 2: but actually somebody who has done something good for the country.

1316
01:02:02,920 --> 01:02:05,120
Speaker 2: And I think you can't go Stanford for that.

1317
01:02:05,280 --> 01:02:06,600
Speaker 4: I totally agree.

1318
01:02:07,120 --> 01:02:09,680
Speaker 14: We have forgotten in New Zealand in my view, that

1319
01:02:09,760 --> 01:02:12,480
Speaker 14: these guys are there to be legislators.

1320
01:02:12,560 --> 01:02:14,760
Speaker 2: Yeah, we've got there so showed up in their silly game.

1321
01:02:14,920 --> 01:02:18,040
Speaker 14: Their job is actually to make the law and make

1322
01:02:18,080 --> 01:02:20,320
Speaker 14: them make our lives. So that and on that basis

1323
01:02:20,360 --> 01:02:23,880
Speaker 14: I would back Stanford as well. And actually, and here's

1324
01:02:23,920 --> 01:02:27,240
Speaker 14: where she beats Chippy and Label when they were in government.

1325
01:02:27,520 --> 01:02:30,439
Speaker 14: There are actually results to prove it, and gosh, that's

1326
01:02:30,440 --> 01:02:31,280
Speaker 14: a breath of fresh air.

1327
01:02:31,320 --> 01:02:33,040
Speaker 15: Is an initial space of time.

1328
01:02:33,200 --> 01:02:37,040
Speaker 20: The reason I say someone like Shane or Winston, but Shane,

1329
01:02:37,240 --> 01:02:39,160
Speaker 20: I think if you're looking at the if you think

1330
01:02:39,200 --> 01:02:41,800
Speaker 20: that politicians and I do that their job is to persuade,

1331
01:02:41,920 --> 01:02:45,760
Speaker 20: to take unpopular positions. Shane is treated as irrelevant half

1332
01:02:45,840 --> 01:02:47,960
Speaker 20: the time by the press gallery. He's actually gone out

1333
01:02:48,000 --> 01:02:49,720
Speaker 20: and gone you can hate it or love it, but

1334
01:02:49,760 --> 01:02:53,320
Speaker 20: he's pushed an oil and gas reversal of the ban

1335
01:02:53,800 --> 01:02:57,040
Speaker 20: in order to back regional development economic development. Now people

1336
01:02:57,120 --> 01:02:58,640
Speaker 20: might not like it, and he's gone out and he

1337
01:02:58,680 --> 01:03:00,120
Speaker 20: stood by it, and he said his wife.

1338
01:03:00,120 --> 01:03:01,200
Speaker 4: But he has no results.

1339
01:03:01,600 --> 01:03:03,040
Speaker 2: Well, yeah, I don't know.

1340
01:03:03,120 --> 01:03:04,400
Speaker 15: I don't know that he has no results.

1341
01:03:04,480 --> 01:03:07,000
Speaker 4: Well, well, can I just say.

1342
01:03:06,800 --> 01:03:10,320
Speaker 14: One other thing in terms of what has been sadly

1343
01:03:10,400 --> 01:03:13,919
Speaker 14: ignored for so many years by politicians, education has been

1344
01:03:14,400 --> 01:03:18,160
Speaker 14: absolutely ignored. And and more than that, for Stanford, this

1345
01:03:18,280 --> 01:03:21,600
Speaker 14: is normally an incredibly hard portfolio for a national minister

1346
01:03:21,920 --> 01:03:24,160
Speaker 14: and she is making huge waves.

1347
01:03:24,400 --> 01:03:27,280
Speaker 20: I have to say one last thing. The Labor Party conference,

1348
01:03:27,320 --> 01:03:30,480
Speaker 20: I have to say looked. Razmatazi looked really good, and

1349
01:03:30,520 --> 01:03:32,320
Speaker 20: I think one of the reasons is Chippy did really

1350
01:03:32,360 --> 01:03:34,080
Speaker 20: well at that. One of the reasons is they had

1351
01:03:34,240 --> 01:03:36,800
Speaker 20: very shallow depths of field so you can't actually see

1352
01:03:36,800 --> 01:03:39,560
Speaker 20: all the mad Labor audience, which is the same of

1353
01:03:39,640 --> 01:03:42,240
Speaker 20: any party, not just Labor, it's national, any party.

1354
01:03:42,360 --> 01:03:44,360
Speaker 2: Thank you so much for you Tube, Tricius and JOSEPHC.

1355
01:03:44,400 --> 01:03:46,200
Speaker 2: GARNEI a huddle this evening seven away from six.

1356
01:03:47,960 --> 01:03:51,440
Speaker 1: It's the Heather Dupers Allen Drive Full Show podcast on

1357
01:03:51,640 --> 01:03:53,840
Speaker 1: my hard radio powered by News Talks.

1358
01:03:53,840 --> 01:03:57,160
Speaker 2: It'd be either I hate to break it to you, ladies,

1359
01:03:57,200 --> 01:03:59,680
Speaker 2: but the numpties aren't just elected, they're also employed and

1360
01:03:59,680 --> 01:04:01,840
Speaker 2: they will be there regardless of who you vote for.

1361
01:04:02,160 --> 01:04:05,200
Speaker 2: Unless you change employment law. They ain't going nowhere. Well,

1362
01:04:05,200 --> 01:04:06,560
Speaker 2: I think we kind of hit on that a little

1363
01:04:06,560 --> 01:04:08,560
Speaker 2: bit and it's sort of like, Yep, the rates cap

1364
01:04:08,640 --> 01:04:11,320
Speaker 2: is cool, but now you have to actually reform things.

1365
01:04:11,360 --> 01:04:13,600
Speaker 2: And actually, happily I can tell you the reform is

1366
01:04:13,640 --> 01:04:16,360
Speaker 2: underway right because that's what got started with the councils

1367
01:04:16,400 --> 01:04:19,640
Speaker 2: being the regional council's being abolished. It's because they're all

1368
01:04:19,640 --> 01:04:22,439
Speaker 2: going to get amalgamated into big Auckland super city type things.

1369
01:04:22,440 --> 01:04:23,960
Speaker 2: And then maybe we can go through and just be like,

1370
01:04:24,040 --> 01:04:26,840
Speaker 2: you're rubbishit, your job fired, You're rubbishit, your job fired,

1371
01:04:26,880 --> 01:04:29,439
Speaker 2: made redundant, made redundant, made redundant, Get some good ones

1372
01:04:29,440 --> 01:04:33,920
Speaker 2: and here we go. Oxford University Press Word of the

1373
01:04:34,000 --> 01:04:38,800
Speaker 2: Year rage bait not a word, a phrase, but regardless.

1374
01:04:38,920 --> 01:04:41,320
Speaker 2: I mean, who am I to tell the Oxford University

1375
01:04:41,320 --> 01:04:45,000
Speaker 2: Press what's the word and what's not? Rage bait? The

1376
01:04:45,040 --> 01:04:48,120
Speaker 2: definition is the online content that is deliberately designed to

1377
01:04:48,120 --> 01:04:51,960
Speaker 2: provoke anger or outrage by being frustrating, provocative, or offensive

1378
01:04:52,000 --> 01:04:55,000
Speaker 2: to you. Now I can't, I honestly can't explain why

1379
01:04:55,040 --> 01:04:58,480
Speaker 2: it's made a resurgence in twenty twenty five. Has actually

1380
01:04:58,480 --> 01:05:00,760
Speaker 2: been around a very long time. Rage bait is a

1381
01:05:00,760 --> 01:05:03,240
Speaker 2: word that's been used since about two thousand and two.

1382
01:05:03,720 --> 01:05:07,400
Speaker 2: It's tripled. The use has tripled in the past year.

1383
01:05:07,840 --> 01:05:11,000
Speaker 2: So I feel like, maybe maybe I don't know, is

1384
01:05:11,080 --> 01:05:14,760
Speaker 2: someone deliberately rage baiting you or are you just feeling

1385
01:05:14,840 --> 01:05:17,560
Speaker 2: the rage and therefore you feel you're being baited? Anyway,

1386
01:05:17,600 --> 01:05:20,040
Speaker 2: a couple of other ones that we're in the running

1387
01:05:20,080 --> 01:05:24,000
Speaker 2: for Word of the Year again. Two words or a farming,

1388
01:05:24,320 --> 01:05:27,680
Speaker 2: which is when you curate an impressive, attractive or charismatic

1389
01:05:27,720 --> 01:05:30,120
Speaker 2: online persona, so you pick the best version of yourself

1390
01:05:30,160 --> 01:05:32,440
Speaker 2: and you put that on. That's aura farming. And then

1391
01:05:32,520 --> 01:05:35,680
Speaker 2: biohack is the pursuit of optimizing your body and mind.

1392
01:05:35,720 --> 01:05:37,600
Speaker 2: That's basically what Osking does every day. You know when

1393
01:05:37,600 --> 01:05:39,840
Speaker 2: he stands like for two minutes, brushes his teeth, then

1394
01:05:39,880 --> 01:05:41,680
Speaker 2: has a cold shower, then has a spar and then

1395
01:05:41,760 --> 01:05:45,200
Speaker 2: drinks like I don't know, urine or something. That's biohacking.

1396
01:05:45,400 --> 01:05:46,760
Speaker 2: Nikola Willis's next.

1397
01:05:48,480 --> 01:05:51,400
Speaker 1: Keeping track of where the money is flowing of the

1398
01:05:51,440 --> 01:05:56,360
Speaker 1: business hour with hand the duplicyle and mass motor vehicle insurance, your.

1399
01:05:56,280 --> 01:05:59,400
Speaker 3: Futures in good hands ustorg zvy.

1400
01:06:00,560 --> 01:06:02,400
Speaker 2: Even and coming up in the next hour, it's day

1401
01:06:02,400 --> 01:06:04,560
Speaker 2: one in the job with a new reserve bank Dove,

1402
01:06:04,680 --> 01:06:07,200
Speaker 2: what do the capital markets expect from her? Shane Solely

1403
01:06:07,240 --> 01:06:09,840
Speaker 2: will explain shortly, we have a warning that we're running

1404
01:06:09,840 --> 01:06:12,320
Speaker 2: out of retirement village space, and we'll do so shortly

1405
01:06:12,440 --> 01:06:14,880
Speaker 2: that after half past six, and then Gavin Gray does

1406
01:06:14,920 --> 01:06:16,920
Speaker 2: the UK for US at seven pass six and Nikola

1407
01:06:16,920 --> 01:06:20,160
Speaker 2: will as the finance ministers with US Hi Nicola, hi, Ever,

1408
01:06:20,360 --> 01:06:22,640
Speaker 2: how are you feeling about the banks after they failed

1409
01:06:22,640 --> 01:06:26,480
Speaker 2: to cut the fixed rates post ocr.

1410
01:06:25,880 --> 01:06:28,520
Speaker 21: Well, my message to the banks is always the same,

1411
01:06:28,600 --> 01:06:31,760
Speaker 21: which is pass on as much as you possibly can

1412
01:06:31,880 --> 01:06:34,440
Speaker 21: because it's good for the economy and when the economy

1413
01:06:34,440 --> 01:06:36,880
Speaker 21: does well, we all do well in your citizens in

1414
01:06:36,960 --> 01:06:39,280
Speaker 21: this economy and you should be doing your utmost to

1415
01:06:39,320 --> 01:06:40,000
Speaker 21: support it.

1416
01:06:40,040 --> 01:06:41,920
Speaker 2: Is this a bank's problem or is this the Reserve

1417
01:06:41,960 --> 01:06:44,320
Speaker 2: Bank completely stuffing up their comms last week?

1418
01:06:46,080 --> 01:06:48,840
Speaker 21: Well, I think that the banks always have a choice

1419
01:06:48,840 --> 01:06:50,480
Speaker 21: about how much they pass on.

1420
01:06:50,600 --> 01:06:50,720
Speaker 7: Now.

1421
01:06:50,760 --> 01:06:53,400
Speaker 21: It is the case that markets pricing some of these

1422
01:06:53,520 --> 01:06:56,479
Speaker 21: changes ahead of time, and that was certainly the case

1423
01:06:56,560 --> 01:06:59,440
Speaker 21: ahead of last week's announcement that the markets had already

1424
01:06:59,440 --> 01:07:01,760
Speaker 21: priced in them there would be a reduction, and many

1425
01:07:01,800 --> 01:07:05,320
Speaker 21: banks had already taken that into account. But it is

1426
01:07:05,360 --> 01:07:08,000
Speaker 21: also the case that there is a gap, often a

1427
01:07:08,160 --> 01:07:11,200
Speaker 21: lag between what the wholesale rates are doing and then

1428
01:07:11,280 --> 01:07:14,959
Speaker 21: what commercial banks are passing on a mortgage levels. I'd

1429
01:07:15,000 --> 01:07:17,120
Speaker 21: like to see them do it faster and harder.

1430
01:07:17,240 --> 01:07:20,280
Speaker 2: For example, Meghan has been texting for days now because

1431
01:07:20,280 --> 01:07:22,120
Speaker 2: she's with A and Z and A and z's floating

1432
01:07:22,200 --> 01:07:24,560
Speaker 2: range raiders coming down. A and z's not dropping its

1433
01:07:24,600 --> 01:07:27,880
Speaker 2: floating ratesill wednesday. Is that acceptable to you?

1434
01:07:28,560 --> 01:07:30,600
Speaker 21: Well, they could do it sooner, couldn't they? And what

1435
01:07:30,640 --> 01:07:33,480
Speaker 21: we typically see is there is this lag between the

1436
01:07:33,520 --> 01:07:36,520
Speaker 21: wholesale rates coming down and the bank's getting around to

1437
01:07:36,560 --> 01:07:38,640
Speaker 21: pass it on to their mortgage holders. And I'd love

1438
01:07:38,680 --> 01:07:39,920
Speaker 21: to see them pass it on faster.

1439
01:07:40,040 --> 01:07:42,080
Speaker 2: Okay. Now, have you done everything that you plan to

1440
01:07:42,080 --> 01:07:43,840
Speaker 2: do when it came to the banks or is there

1441
01:07:43,840 --> 01:07:45,400
Speaker 2: have you got some more things up you sleeve?

1442
01:07:46,680 --> 01:07:50,960
Speaker 21: Well, we are progressing a number of recommendations from the

1443
01:07:51,040 --> 01:07:55,240
Speaker 21: Commerce Commission inquiry and now following up on the FEC inquiry.

1444
01:07:55,280 --> 01:08:00,840
Speaker 21: So that's an ongoing work program. Yeah, but you no,

1445
01:08:00,920 --> 01:08:03,439
Speaker 21: not necessarily, because there's a number of actions there which

1446
01:08:03,520 --> 01:08:06,240
Speaker 21: require ongoing monitoring and ongoing activity.

1447
01:08:06,760 --> 01:08:09,600
Speaker 2: Okay, because I mean, how has this changed from the

1448
01:08:09,600 --> 01:08:12,040
Speaker 2: cozy pillow five? Feels like a cozy pillow fight.

1449
01:08:12,800 --> 01:08:15,120
Speaker 21: Well, remember, some of the things that we're doing haven't

1450
01:08:15,120 --> 01:08:17,360
Speaker 21: come to fruition yet. So for example, keep We Bank.

1451
01:08:17,720 --> 01:08:20,240
Speaker 21: We are still looking to raise capital for kee Weibank

1452
01:08:20,320 --> 01:08:22,679
Speaker 21: so it can grow bigger and faster in the future.

1453
01:08:23,360 --> 01:08:26,720
Speaker 21: And we are still doing things like changing who can

1454
01:08:26,960 --> 01:08:30,679
Speaker 21: excess the word bank, making sure that a lower deposit

1455
01:08:30,800 --> 01:08:32,960
Speaker 21: is required in order to set up a new bank,

1456
01:08:33,120 --> 01:08:36,280
Speaker 21: using some of the regulations which have prevented competitive banking

1457
01:08:36,680 --> 01:08:39,439
Speaker 21: banks from entering the market. So some of those things

1458
01:08:39,760 --> 01:08:41,960
Speaker 21: are yet to happen, but the work is underway to

1459
01:08:41,960 --> 01:08:42,360
Speaker 21: achange it.

1460
01:08:42,800 --> 01:08:45,439
Speaker 2: The reason I'm asking Nikola is because I mean, it's

1461
01:08:45,439 --> 01:08:48,240
Speaker 2: been reasonably disappointing what's happened in that since the last

1462
01:08:48,280 --> 01:08:51,120
Speaker 2: OCR hike, the one last week. But I'm just thinking

1463
01:08:51,160 --> 01:08:52,720
Speaker 2: that this is it, right, this is our lot, this

1464
01:08:52,800 --> 01:08:54,719
Speaker 2: is what we need to accept. We need to basically

1465
01:08:54,760 --> 01:08:56,600
Speaker 2: go hard with the banks ourselves. You're not coming to

1466
01:08:56,600 --> 01:08:58,040
Speaker 2: save us, No one's coming to save us.

1467
01:08:58,880 --> 01:09:01,240
Speaker 21: Well, what I've been really pleased to see is that

1468
01:09:01,320 --> 01:09:04,000
Speaker 21: your friend Mike Hoskin has come around to a point

1469
01:09:04,000 --> 01:09:07,080
Speaker 21: of view I've had for some time, which is actually

1470
01:09:07,160 --> 01:09:11,559
Speaker 21: the banks in New Zealand are very profitable and don't

1471
01:09:11,760 --> 01:09:15,160
Speaker 21: seem to be passing as much as Okay, Well, he

1472
01:09:15,320 --> 01:09:18,200
Speaker 21: has said that he thinks they may have a point here,

1473
01:09:19,080 --> 01:09:22,719
Speaker 21: and my point straight back at the banks is actually

1474
01:09:22,760 --> 01:09:25,800
Speaker 21: you need to maintain social license, and you haven't done

1475
01:09:25,840 --> 01:09:28,320
Speaker 21: a very good job of convincing New Zealanders that you're

1476
01:09:28,320 --> 01:09:31,960
Speaker 21: doing your utmost to pass on rate reductions, to ensure

1477
01:09:31,960 --> 01:09:35,479
Speaker 21: that you're being competitive, to compete for customers, offer them

1478
01:09:35,520 --> 01:09:38,719
Speaker 21: good rates and lend into this economy, particularly to small

1479
01:09:38,760 --> 01:09:41,479
Speaker 21: businesses and others who rely on that cash flow to grow.

1480
01:09:41,720 --> 01:09:45,040
Speaker 2: Are you being serious about possibly repealing the Regulatory Standards Act?

1481
01:09:47,000 --> 01:09:50,080
Speaker 21: Well, yes, I'm serious. That National has not yet got

1482
01:09:50,120 --> 01:09:53,080
Speaker 21: our position going into the campaign, and we will be

1483
01:09:53,200 --> 01:09:56,360
Speaker 21: monitoring how that act works in practice carefully as you'd

1484
01:09:56,400 --> 01:09:57,160
Speaker 21: expect that we should.

1485
01:09:57,439 --> 01:10:00,800
Speaker 2: This is outrageous flirting with isn't it.

1486
01:10:01,920 --> 01:10:04,679
Speaker 21: No, it's not. It's simply saying, let's see how it works.

1487
01:10:05,520 --> 01:10:07,320
Speaker 21: We don't we shouldn't have a closed mind on it

1488
01:10:07,400 --> 01:10:09,479
Speaker 21: and just say no matter what the evidence is, will

1489
01:10:09,520 --> 01:10:11,760
Speaker 21: just say it's perfect, and we'll maintain a position that

1490
01:10:11,800 --> 01:10:13,719
Speaker 21: it needs to be maintained. Let's see how it works

1491
01:10:13,720 --> 01:10:17,120
Speaker 21: in practice, let's keep an open mind. If it does

1492
01:10:17,200 --> 01:10:21,360
Speaker 21: work well and reaches all of the government's aspirations for it,

1493
01:10:21,400 --> 01:10:24,919
Speaker 21: then great tiketyboo, big tick will continue. But if actually

1494
01:10:25,200 --> 01:10:28,400
Speaker 21: it doesn't deliver those outcomes, then the National Caucus may

1495
01:10:28,439 --> 01:10:31,000
Speaker 21: want to take a position that that's not a regime.

1496
01:10:31,000 --> 01:10:31,960
Speaker 21: We want to get the name.

1497
01:10:32,640 --> 01:10:35,080
Speaker 2: Are the piece of legislation that you've passed in the

1498
01:10:35,120 --> 01:10:37,320
Speaker 2: last two years that you're considering repelling.

1499
01:10:39,200 --> 01:10:42,200
Speaker 21: Well, that's the one that's top of mind, and there

1500
01:10:42,240 --> 01:10:42,840
Speaker 21: may be others.

1501
01:10:43,680 --> 01:10:46,840
Speaker 2: The flirting with that, Hey, so what do you reckon?

1502
01:10:47,360 --> 01:10:49,519
Speaker 2: Because you will have seen what Penny Henade said about

1503
01:10:49,520 --> 01:10:51,559
Speaker 2: how he's been having chats with winnipe on the side.

1504
01:10:51,640 --> 01:10:54,479
Speaker 21: Yeah, ah, yeah, I saw that.

1505
01:10:54,560 --> 01:10:57,960
Speaker 2: I was so are you prepared, like, are you bracing

1506
01:10:58,040 --> 01:11:00,240
Speaker 2: yourself for the fact that Winston's going to play two

1507
01:11:00,240 --> 01:11:02,080
Speaker 2: of you off against each other as in Labor v

1508
01:11:02,200 --> 01:11:03,479
Speaker 2: National after the next selection.

1509
01:11:04,360 --> 01:11:07,200
Speaker 21: Look, I just focus on what National can do to

1510
01:11:07,280 --> 01:11:10,080
Speaker 21: put forward the best proposals to the New Zealand public

1511
01:11:10,160 --> 01:11:12,559
Speaker 21: so we can win their votes. My position is always

1512
01:11:12,560 --> 01:11:15,720
Speaker 21: the same. A vote for National is a much more

1513
01:11:15,760 --> 01:11:18,320
Speaker 21: effective vote than a vote for New Zealand. First, always

1514
01:11:18,360 --> 01:11:19,519
Speaker 21: has been, always will.

1515
01:11:19,320 --> 01:11:22,240
Speaker 2: Be do you fly on a Monday?

1516
01:11:22,760 --> 01:11:25,400
Speaker 21: I have done from time to time. I didn't this Monday.

1517
01:11:25,439 --> 01:11:28,080
Speaker 2: Are you flying next Monday when the Air New Zealand

1518
01:11:28,160 --> 01:11:29,000
Speaker 2: cabin strike is on?

1519
01:11:30,080 --> 01:11:31,519
Speaker 21: No, because that's a Cabinet day.

1520
01:11:31,720 --> 01:11:34,280
Speaker 2: Oh thank god, lucky you. How are you feeling about

1521
01:11:34,280 --> 01:11:36,559
Speaker 2: Air New Zealand at the moment as the shareholding minister.

1522
01:11:38,280 --> 01:11:41,240
Speaker 21: Well, I think, like most New Zealanders, I want to

1523
01:11:41,400 --> 01:11:45,640
Speaker 21: see them improving their performance wherever they can. And for me,

1524
01:11:45,920 --> 01:11:48,840
Speaker 21: there's three kind of things they need to balance. On

1525
01:11:48,880 --> 01:11:50,920
Speaker 21: the one hand, they need to make sure that they're

1526
01:11:50,960 --> 01:11:54,120
Speaker 21: offering affordable flights to New Zealanders so they can see

1527
01:11:54,120 --> 01:11:58,120
Speaker 21: their friends and family and enjoy this country. Two, they

1528
01:11:58,160 --> 01:12:00,200
Speaker 21: need to be making sure they're getting a return on

1529
01:12:00,320 --> 01:12:03,599
Speaker 21: capital that taxpayers have a big share of and so

1530
01:12:03,640 --> 01:12:08,559
Speaker 21: they're driving profitability and productivity. And three they need to

1531
01:12:08,600 --> 01:12:11,960
Speaker 21: be really good corporate citizens and support our economy to grow.

1532
01:12:12,720 --> 01:12:16,400
Speaker 21: And there's no secret they have struggled in recent years

1533
01:12:16,439 --> 01:12:18,280
Speaker 21: when it comes to their commercial performance.

1534
01:12:18,400 --> 01:12:21,280
Speaker 2: Yeah, not loving them at the moment. Now, what do

1535
01:12:21,280 --> 01:12:23,400
Speaker 2: you think of Roger Gray and him saying that we're

1536
01:12:23,400 --> 01:12:24,280
Speaker 2: called now Zealand.

1537
01:12:25,880 --> 01:12:29,280
Speaker 21: Well, I think he's onto something. If you look across

1538
01:12:29,320 --> 01:12:32,080
Speaker 21: many of the issues that have held our country back,

1539
01:12:32,680 --> 01:12:36,240
Speaker 21: it has been giving too many people veto power to

1540
01:12:36,320 --> 01:12:39,519
Speaker 21: say no to sensible things, whether that's Eden Park concerts,

1541
01:12:39,560 --> 01:12:43,000
Speaker 21: whether that's consens for New housing, whether that's permission to

1542
01:12:43,040 --> 01:12:46,040
Speaker 21: start a new mind. Those are the things that actually

1543
01:12:46,160 --> 01:12:49,240
Speaker 21: drive an economy forward and create wealth, and New Zealand

1544
01:12:49,240 --> 01:12:51,679
Speaker 21: needs to get much better at saying yes to them.

1545
01:12:51,760 --> 01:12:54,839
Speaker 21: It's even stuff like the people who moan about tourists

1546
01:12:54,840 --> 01:12:58,559
Speaker 21: coming to New Zealand. Well, guess what those tourists bring passion,

1547
01:12:58,680 --> 01:13:01,720
Speaker 21: They create jobs, create income. So we need to say

1548
01:13:01,840 --> 01:13:02,599
Speaker 21: yes more often.

1549
01:13:02,640 --> 01:13:03,080
Speaker 2: So love it.

1550
01:13:03,280 --> 01:13:04,639
Speaker 21: I like what you get to say brilliant.

1551
01:13:04,680 --> 01:13:07,720
Speaker 2: Hey, thank you, Nicol, I appreciate it. Nichola willis Finance minister. Hey,

1552
01:13:07,800 --> 01:13:11,640
Speaker 2: this is gonna rip the undies of Simon Watts. Auckland

1553
01:13:11,800 --> 01:13:13,880
Speaker 2: has just announced this is Aukland Mayor Wayne Brown has

1554
01:13:13,920 --> 01:13:16,559
Speaker 2: just announced that Auckland households will face a seven point

1555
01:13:16,640 --> 01:13:20,559
Speaker 2: nine percent rates rise next year, which is yes, double

1556
01:13:20,600 --> 01:13:22,680
Speaker 2: what Simon wants them to do. So I was like, Oh,

1557
01:13:22,680 --> 01:13:24,400
Speaker 2: everyone's gonna get the message that it's fo and they're

1558
01:13:24,400 --> 01:13:26,880
Speaker 2: gonna stop at four fors the cap foros the cap.

1559
01:13:26,920 --> 01:13:29,559
Speaker 2: They'll know we're sending the message no seven point nine

1560
01:13:29,600 --> 01:13:32,920
Speaker 2: percent next year, primarily to fund the operating costs for

1561
01:13:32,960 --> 01:13:36,040
Speaker 2: the City rail Link when it opens for passengers. The

1562
01:13:36,120 --> 01:13:38,080
Speaker 2: increase will cover the two hundred and thirty five million

1563
01:13:38,080 --> 01:13:40,800
Speaker 2: dollars annual cost of operating it. There you go, that

1564
01:13:40,880 --> 01:13:43,760
Speaker 2: message didn't work. That's the same day, within an hour

1565
01:13:43,880 --> 01:13:46,760
Speaker 2: or two way. Four o'clock then announced the rates cap.

1566
01:13:47,040 --> 01:13:49,479
Speaker 2: Six o'clock. Wayne comes out and he's like, and we'll

1567
01:13:49,520 --> 01:13:50,800
Speaker 2: double that quarter past.

1568
01:13:51,720 --> 01:13:54,320
Speaker 1: It's the Heather Duper see All and Drive Full show

1569
01:13:54,400 --> 01:13:57,880
Speaker 1: podcast on my Heart Radio, empowered by news dog Zeppi.

1570
01:14:00,000 --> 01:14:03,400
Speaker 1: Approaching the numbers and getting the results. Heather Duples c

1571
01:14:03,520 --> 01:14:07,240
Speaker 1: Allen on the Business Hour with MAS Motor Vehicle Insurance,

1572
01:14:07,439 --> 01:14:11,200
Speaker 1: Your futures in good hands, News Talks that'd be hither.

1573
01:14:11,439 --> 01:14:14,160
Speaker 2: Sometimes they refer to it as no zealand sometimes they

1574
01:14:14,160 --> 01:14:17,040
Speaker 2: refer to it as notes here at all. Eighteen past

1575
01:14:17,080 --> 01:14:21,000
Speaker 2: six Shane solely harbor Asset Management is with us Allo Shane. Hello,

1576
01:14:21,439 --> 01:14:23,200
Speaker 2: all right, so it's day one in the job for

1577
01:14:23,240 --> 01:14:25,439
Speaker 2: the new Reserve Bank governor. What are the capital markets

1578
01:14:25,439 --> 01:14:26,280
Speaker 2: expecting from her?

1579
01:14:26,760 --> 01:14:27,200
Speaker 3: Yeah?

1580
01:14:27,240 --> 01:14:29,720
Speaker 22: So Sweden's and a Bremen she begins their five year

1581
01:14:29,840 --> 01:14:35,040
Speaker 22: term as governor. She takes over from Christian hawksby acting governor.

1582
01:14:35,040 --> 01:14:36,920
Speaker 22: He did a really solid job of bringing back the

1583
01:14:36,960 --> 01:14:41,280
Speaker 22: boring to Reserve Bank Governor Breman she's known as a dove.

1584
01:14:41,400 --> 01:14:45,040
Speaker 22: That means she's small pro jobs and growth, and certainly

1585
01:14:45,040 --> 01:14:47,400
Speaker 22: I think that we're going to remember that the Monastry

1586
01:14:47,439 --> 01:14:50,720
Speaker 22: Policy Committee actually is responsible for making policy settings in

1587
01:14:50,760 --> 01:14:53,439
Speaker 22: news own and they're all about priced to biody and well,

1588
01:14:53,479 --> 01:14:57,200
Speaker 22: after cutting official rates by threatening twenty five based points

1589
01:14:57,280 --> 01:15:01,040
Speaker 22: or three point two five percent, miss is really inheriting

1590
01:15:01,040 --> 01:15:02,880
Speaker 22: a much more said all the kind of outlook. So

1591
01:15:03,400 --> 01:15:08,160
Speaker 22: I think her job is really not necessarily about came

1592
01:15:08,240 --> 01:15:10,400
Speaker 22: the official cash rate. That's probably not top a list

1593
01:15:10,439 --> 01:15:11,800
Speaker 22: of things to do. It's probably going to be about

1594
01:15:11,840 --> 01:15:14,080
Speaker 22: bank regulation that's probably on the top of their intro,

1595
01:15:15,479 --> 01:15:18,240
Speaker 22: and a little bit of you rebuilding the institution of

1596
01:15:18,360 --> 01:15:21,200
Speaker 22: this reserve bank. So yeah, capital markets are going to

1597
01:15:21,200 --> 01:15:24,400
Speaker 22: be looking to see just her influence on the focus

1598
01:15:24,439 --> 01:15:27,559
Speaker 22: on jobs and better activity and how that flows through

1599
01:15:27,600 --> 01:15:30,599
Speaker 22: the Manship Policy Committee is a bit of a different tone.

1600
01:15:31,320 --> 01:15:34,760
Speaker 2: Yeah, helped welcome as well. What did you think of

1601
01:15:34,760 --> 01:15:37,280
Speaker 2: the building permit stats that were better than expected in October?

1602
01:15:37,400 --> 01:15:38,280
Speaker 2: You take some heart from them?

1603
01:15:38,880 --> 01:15:42,479
Speaker 22: Yeah, the market did. We certainly did the October twenty

1604
01:15:42,479 --> 01:15:45,400
Speaker 22: twenty five than consents for new buildings. They were better

1605
01:15:46,080 --> 01:15:48,880
Speaker 22: than expected. That activity is up ten percent on a

1606
01:15:48,960 --> 01:15:52,760
Speaker 22: floor area basis. So that's how big the residential activity is.

1607
01:15:52,840 --> 01:15:55,960
Speaker 22: That's the key driver. Non residential is down. We saw

1608
01:15:56,240 --> 01:15:59,040
Speaker 22: a bigger increase in residential consense that many people expected.

1609
01:15:59,000 --> 01:16:01,519
Speaker 22: It actually up twenty four percent year on year, driven

1610
01:16:01,560 --> 01:16:04,120
Speaker 22: by a single family consent. So it's been a missing

1611
01:16:04,200 --> 01:16:07,040
Speaker 22: part of the economy. It's very early days here that

1612
01:16:07,040 --> 01:16:08,920
Speaker 22: we've got a long way to go, but it is

1613
01:16:08,960 --> 01:16:11,240
Speaker 22: certainly shown and we're seeing may see the bottom. It's

1614
01:16:11,320 --> 01:16:14,759
Speaker 22: a good turnaround non residential that can be quite lumpy,

1615
01:16:15,040 --> 01:16:16,439
Speaker 22: So yeah, we're going to keep an eye on that,

1616
01:16:16,479 --> 01:16:19,200
Speaker 22: but it is a bit weaker. One other thing today here,

1617
01:16:19,200 --> 01:16:23,080
Speaker 22: there was a survey from ASB It's show It's surveys

1618
01:16:23,640 --> 01:16:27,839
Speaker 22: consumers about the best time to buy things, and currently

1619
01:16:27,840 --> 01:16:29,519
Speaker 22: it's the best time to buy a house in fifteen

1620
01:16:29,600 --> 01:16:32,240
Speaker 22: years according to the ASP survey. So we did see

1621
01:16:32,960 --> 01:16:35,280
Speaker 22: Fletchery building for example, the ship rice up two point

1622
01:16:35,360 --> 01:16:38,160
Speaker 22: four percent to three dollars forty three. Market likes the

1623
01:16:38,200 --> 01:16:38,759
Speaker 22: better data.

1624
01:16:39,120 --> 01:16:41,600
Speaker 2: That sounds fantastic. All right, what you take do you

1625
01:16:41,640 --> 01:16:43,280
Speaker 2: reckon the FED cuts this month or not?

1626
01:16:44,560 --> 01:16:47,559
Speaker 22: Look, it's really very messy. Markets are jumping around a

1627
01:16:47,560 --> 01:16:49,400
Speaker 22: lot on whether the US hit A reserve cuts rates

1628
01:16:49,400 --> 01:16:52,400
Speaker 22: in December. So on the tenth of December, it's where due.

1629
01:16:52,800 --> 01:16:55,880
Speaker 22: The market's expecting zero point two one percent twenty one

1630
01:16:55,960 --> 01:16:58,680
Speaker 22: days points of cuts to three point sixty seven, and

1631
01:16:58,720 --> 01:17:00,680
Speaker 22: then it's expecting the rates go right down to three

1632
01:17:00,680 --> 01:17:03,800
Speaker 22: percent in October twenty six, So the market will be

1633
01:17:03,840 --> 01:17:06,599
Speaker 22: disappointed if the fear doesn't cut. We've got a real

1634
01:17:06,800 --> 01:17:09,320
Speaker 22: data vacuum, of course, with the US government EUA of

1635
01:17:09,320 --> 01:17:11,680
Speaker 22: Stats being closed for that sort of while we get

1636
01:17:11,720 --> 01:17:14,879
Speaker 22: a whole lot of data this week, there's some Institute

1637
01:17:14,880 --> 01:17:18,479
Speaker 22: of Supply Management lead indicators and activity. We've got jobless claims.

1638
01:17:18,479 --> 01:17:21,800
Speaker 22: On Thursday, we've got and then Friday we've got what's

1639
01:17:21,840 --> 01:17:25,000
Speaker 22: called the core PC price index, and that's the one

1640
01:17:25,040 --> 01:17:28,719
Speaker 22: that the feed really focuses on. So if we get

1641
01:17:28,800 --> 01:17:33,799
Speaker 22: us initial jobless claims being worse by more jobless claims,

1642
01:17:34,200 --> 01:17:37,599
Speaker 22: that's more fuel for the FEAD to cut. If that

1643
01:17:37,800 --> 01:17:40,920
Speaker 22: price inflation comes in lower, and that's more fuel to cut.

1644
01:17:41,040 --> 01:17:43,559
Speaker 22: So there's quite a few stepping stones this week that'll

1645
01:17:43,560 --> 01:17:46,200
Speaker 22: give us indications. So we'll see a bit of volatility

1646
01:17:46,280 --> 01:17:49,000
Speaker 22: later this week on whether the FED cuts or not.

1647
01:17:49,200 --> 01:17:51,200
Speaker 2: Good stuff Hey, thank you very much. Shane, appreciate it,

1648
01:17:51,200 --> 01:17:55,439
Speaker 2: Shane Solly Harbor Asset Management. Apparently God is okay with

1649
01:17:55,479 --> 01:17:59,120
Speaker 2: you wearing hideous Christmas jerseys. The Dean of Salisbury, but

1650
01:17:59,200 --> 01:18:01,200
Speaker 2: clearly hasn't had any work to do so, has written

1651
01:18:01,200 --> 01:18:03,360
Speaker 2: a guide to the festive season and has told people

1652
01:18:03,360 --> 01:18:06,760
Speaker 2: that they should wear the ugliest jerseys they possibly can,

1653
01:18:06,920 --> 01:18:10,759
Speaker 2: basically because they should find joy in their ugly jerseys

1654
01:18:10,800 --> 01:18:14,040
Speaker 2: because God, he says, is tasteless. God has no taste.

1655
01:18:14,040 --> 01:18:17,479
Speaker 2: God does not discriminate, God does not exclude, So wear

1656
01:18:17,520 --> 01:18:20,519
Speaker 2: that jumper with pride. So there you go. Six twenty two.

1657
01:18:20,600 --> 01:18:22,840
Speaker 2: The Warehouse is bringing the joy of Christmas to New

1658
01:18:22,920 --> 01:18:25,479
Speaker 2: Zealand families this weekend. And honestly this is going to

1659
01:18:25,600 --> 01:18:29,920
Speaker 2: slay pun intended. Santa's coming to the Warehouse and we're

1660
01:18:29,960 --> 01:18:31,960
Speaker 2: talking the real Dell Here. You're gonna meet Santa, you're

1661
01:18:31,960 --> 01:18:33,680
Speaker 2: gonna get your free photos, and you're gonna get them

1662
01:18:33,720 --> 01:18:37,320
Speaker 2: completely free. There is no booking required. It's first and

1663
01:18:37,360 --> 01:18:39,519
Speaker 2: first serve though, so do not leave this till the

1664
01:18:39,600 --> 01:18:42,520
Speaker 2: last minute. And here's what makes this so special. Completely

1665
01:18:42,560 --> 01:18:46,120
Speaker 2: free Santa photos, no appointments, no sitting fees, no hassle,

1666
01:18:46,640 --> 01:18:49,760
Speaker 2: just pure Christmas joy and magic for the children. Your

1667
01:18:49,760 --> 01:18:51,960
Speaker 2: little ones are gonna love it. Those special moments with

1668
01:18:52,000 --> 01:18:54,600
Speaker 2: Santa capture forever, all thanks to the Warehouse bringing that

1669
01:18:54,680 --> 01:18:56,320
Speaker 2: Christmas spirit to life. So what you want to do

1670
01:18:56,360 --> 01:19:00,040
Speaker 2: is grab your family, pick whichever store is closest he

1671
01:19:00,040 --> 01:19:02,680
Speaker 2: get on down for some festive fun free did I

1672
01:19:02,720 --> 01:19:06,120
Speaker 2: say free Santa photos, first and first served. Whatever you

1673
01:19:06,240 --> 01:19:07,920
Speaker 2: enter this Christmas, you're going to find it at the Warehouse,

1674
01:19:07,920 --> 01:19:10,559
Speaker 2: including magical memories with the Big Man himself.

1675
01:19:11,240 --> 01:19:15,160
Speaker 1: Whether it's Macro micro or just plain economics. It's all

1676
01:19:15,280 --> 01:19:18,799
Speaker 1: on the Business Hour with Heather Duper Clan and Mass

1677
01:19:18,880 --> 01:19:20,160
Speaker 1: Motor Vehicle Insurance.

1678
01:19:20,400 --> 01:19:23,360
Speaker 3: Your future is in good hands. News Talks that'd be

1679
01:19:24,479 --> 01:19:24,880
Speaker 3: T five.

1680
01:19:24,920 --> 01:19:27,360
Speaker 2: You've got another IKA headline because the IKA headlines are

1681
01:19:27,400 --> 01:19:30,719
Speaker 2: not stopping. Another KA headline for you. What to expect?

1682
01:19:30,800 --> 01:19:33,800
Speaker 2: This is Radio New Zealand's iteration what to expect when

1683
01:19:33,840 --> 01:19:39,160
Speaker 2: Ikia finally opens in New Zealand. Went straight in the

1684
01:19:39,160 --> 01:19:41,080
Speaker 2: bin just then, because I think we know what we're

1685
01:19:41,080 --> 01:19:43,040
Speaker 2: going to expect, or we know what to expect, don't we.

1686
01:19:43,320 --> 01:19:45,120
Speaker 2: You're going to go to a shop and you're gonna

1687
01:19:45,120 --> 01:19:47,760
Speaker 2: buy some shit that's what generally happens when a store

1688
01:19:47,840 --> 01:19:49,559
Speaker 2: opens in this country. Six twenty six.

1689
01:19:50,360 --> 01:19:53,160
Speaker 3: There's no business like show business.

1690
01:19:53,600 --> 01:19:56,800
Speaker 2: The music plan Because you know there was a new

1691
01:19:56,880 --> 01:19:59,160
Speaker 2: Zootopia movie which is coming out. Well, if you didn't,

1692
01:19:59,200 --> 01:20:01,200
Speaker 2: you might be one of the only people on earth,

1693
01:20:01,240 --> 01:20:03,519
Speaker 2: because it came out this past weekend and it has

1694
01:20:03,560 --> 01:20:06,680
Speaker 2: gone gangbusters at the box office, and it seems to

1695
01:20:06,720 --> 01:20:09,080
Speaker 2: be just because the movie is actually really good.

1696
01:20:09,479 --> 01:20:13,320
Speaker 23: Welcome to Partners and Crisis. I am your therapy animal,

1697
01:20:13,439 --> 01:20:18,080
Speaker 23: doctor Fuzzby, and we have two new partners. Can you

1698
01:20:18,120 --> 01:20:21,200
Speaker 23: tell us about your journey to dysfunctioning junction.

1699
01:20:21,880 --> 01:20:25,880
Speaker 21: Well, we've been official partners for one week.

1700
01:20:26,240 --> 01:20:28,840
Speaker 23: Notice how she answered first, did not allow her partner

1701
01:20:28,880 --> 01:20:31,800
Speaker 23: to be and perhaps her foot when she's surprising discomfort

1702
01:20:32,840 --> 01:20:35,680
Speaker 23: and observe the source of her discomfort represented by the

1703
01:20:35,760 --> 01:20:38,599
Speaker 23: disconnected affectation of her emotionally insecure partner.

1704
01:20:39,920 --> 01:20:43,679
Speaker 2: Yes, sounds quite good, doesn't it. In its first five days,

1705
01:20:43,680 --> 01:20:46,240
Speaker 2: the film has made five hundred and fifty million US

1706
01:20:46,280 --> 01:20:49,040
Speaker 2: dollars worldwide. That is, I mean, you know, about close

1707
01:20:49,080 --> 01:20:52,200
Speaker 2: to a billion New Zealand dollars. That makes it not

1708
01:20:52,240 --> 01:20:54,760
Speaker 2: only the highest grossing debut of the year, but the

1709
01:20:54,760 --> 01:20:57,720
Speaker 2: fourth largest movie opening of all time. So if you

1710
01:20:57,800 --> 01:21:00,400
Speaker 2: thought that the movies were dead, you'd be wrong. It

1711
01:21:00,479 --> 01:21:02,559
Speaker 2: is out in New Zealand cinema, so take the kids

1712
01:21:03,120 --> 01:21:05,000
Speaker 2: and make a day of it, because you're probably gonna

1713
01:21:05,040 --> 01:21:05,679
Speaker 2: enjoy it as well.

1714
01:21:05,720 --> 01:21:08,879
Speaker 5: Now you can go shop at our here afterwards.

1715
01:21:11,000 --> 01:21:12,960
Speaker 2: And I don't know what to expect when you go

1716
01:21:13,000 --> 01:21:15,400
Speaker 2: to AA, so you probably need to read that article.

1717
01:21:15,439 --> 01:21:15,759
Speaker 18: Guys.

1718
01:21:16,680 --> 01:21:19,120
Speaker 2: Anyways, I tell you what we should expect though, is

1719
01:21:19,120 --> 01:21:20,800
Speaker 2: by the time we're all ancient, we're not gonna have

1720
01:21:20,840 --> 01:21:23,000
Speaker 2: retirement village space. So we'll deal with that. Next. News

1721
01:21:23,000 --> 01:21:24,840
Speaker 2: Talks ZBA.

1722
01:21:29,840 --> 01:21:33,639
Speaker 1: Everything from SMEs to the big corporates, the Business Hour

1723
01:21:33,800 --> 01:21:37,320
Speaker 1: with Head, the Duper c Allen and Mass Motor Vehicle Insurance.

1724
01:21:37,600 --> 01:21:40,679
Speaker 1: Your future is in good hands. News Talks EDB.

1725
01:21:42,920 --> 01:21:44,080
Speaker 3: That is coming.

1726
01:21:46,960 --> 01:21:48,880
Speaker 2: It's not Gavin Gray standing by. I don't if you've

1727
01:21:48,920 --> 01:21:51,400
Speaker 2: been following the news over the weekend, but jeez, Rachel

1728
01:21:51,439 --> 01:21:54,200
Speaker 2: Reeves has been accused of lying and stars caught up

1729
01:21:54,240 --> 01:21:56,439
Speaker 2: in it. This is read the budget's complete debarkle over this.

1730
01:21:56,600 --> 01:21:58,920
Speaker 2: We'll get across that with Gavin, and we're speaking of

1731
01:21:58,960 --> 01:22:02,160
Speaker 2: payouts before Andrew Costa, what about this one. The former

1732
01:22:02,200 --> 01:22:05,400
Speaker 2: chief executive of FARMAC. What was her name again, Beattie

1733
01:22:05,920 --> 01:22:09,080
Speaker 2: Sarah Fit Sarah Fitzee, how like that one minute gone,

1734
01:22:09,160 --> 01:22:12,240
Speaker 2: already forgotten her name. Sarah Fit got three hundred and

1735
01:22:12,320 --> 01:22:15,720
Speaker 2: seventy five thousand dollars after she quit. Now I don't

1736
01:22:15,760 --> 01:22:18,559
Speaker 2: quite understand why, because she resigned, and I thought generally

1737
01:22:18,560 --> 01:22:21,120
Speaker 2: when you resign, like if you go, okay, I'm quitting,

1738
01:22:21,680 --> 01:22:23,680
Speaker 2: all you really need, all you're going to get from

1739
01:22:23,720 --> 01:22:27,559
Speaker 2: your business is that the employer is presumably your four

1740
01:22:27,600 --> 01:22:30,559
Speaker 2: weeks notice. Maybe if you've got a sort of restraint

1741
01:22:30,560 --> 01:22:32,280
Speaker 2: of trade, you might get paid out for that, But

1742
01:22:32,320 --> 01:22:34,519
Speaker 2: even that, generally you don't get paid out for maybe

1743
01:22:34,520 --> 01:22:36,640
Speaker 2: some sick leave and some holiday leave that's owing to

1744
01:22:36,760 --> 01:22:40,439
Speaker 2: your I mean, Jesus, she never stopped working. If she's

1745
01:22:40,439 --> 01:22:42,360
Speaker 2: got three hundred and seventy five thousand dollars worth of

1746
01:22:42,360 --> 01:22:44,479
Speaker 2: holiday leave owing to his I'm suspecting it's not that.

1747
01:22:44,680 --> 01:22:47,960
Speaker 2: So I'd love to know. I'd love to know why

1748
01:22:47,960 --> 01:22:50,320
Speaker 2: the taxpayers had to give a cool four hundred grand

1749
01:22:50,680 --> 01:22:52,719
Speaker 2: to Sarah Fit so she could go because she wanted

1750
01:22:52,760 --> 01:22:55,800
Speaker 2: to go, because she quit twenty four away from seven.

1751
01:22:56,000 --> 01:22:58,240
Speaker 3: Together do for sew So add this to.

1752
01:22:58,200 --> 01:23:00,200
Speaker 2: The list of problems facing the country right now. We're

1753
01:23:00,280 --> 01:23:03,040
Speaker 2: running out of space at retirement villages. According to JLL,

1754
01:23:03,120 --> 01:23:05,720
Speaker 2: demand for retirement village units is growing much faster than

1755
01:23:05,760 --> 01:23:07,280
Speaker 2: new ones being built, So we're going to be about

1756
01:23:07,280 --> 01:23:10,400
Speaker 2: eleven thousand units short by twenty thirty three, which is

1757
01:23:10,400 --> 01:23:13,400
Speaker 2: within the decade. Chris Dibble is jll's head of Research

1758
01:23:13,439 --> 01:23:17,320
Speaker 2: and strategic Consulting. Hi, Chris, Hi, why aren't we building

1759
01:23:17,360 --> 01:23:18,720
Speaker 2: enough units?

1760
01:23:19,160 --> 01:23:19,360
Speaker 9: Yeah?

1761
01:23:19,360 --> 01:23:21,639
Speaker 24: It's an interesting one, isn't it. I mean, at the moment, obviously,

1762
01:23:21,920 --> 01:23:23,840
Speaker 24: as we all know, this sort of an aging population,

1763
01:23:24,040 --> 01:23:27,680
Speaker 24: and we see basically our seventy five to eighty four

1764
01:23:27,760 --> 01:23:31,360
Speaker 24: year olds increasing from twenty twenty three to twenty forty

1765
01:23:31,400 --> 01:23:34,080
Speaker 24: three by about seventy eight percent or whatever. I'm about

1766
01:23:34,360 --> 01:23:37,680
Speaker 24: five hundred thousand odd people there. And then also in

1767
01:23:37,720 --> 01:23:39,960
Speaker 24: the older age group eighty five plus years, that's sort

1768
01:23:39,960 --> 01:23:42,559
Speaker 24: of going to increase up to two hundred and twenty

1769
01:23:42,600 --> 01:23:45,000
Speaker 24: seven thousand people. And so from that perspective, this is

1770
01:23:45,000 --> 01:23:46,920
Speaker 24: going to be a lot more older people that we

1771
01:23:47,000 --> 01:23:49,759
Speaker 24: need to house. So from that perspective, when we start

1772
01:23:49,800 --> 01:23:52,960
Speaker 24: looking at how many units there are, the estimated number

1773
01:23:53,000 --> 01:23:56,759
Speaker 24: of people in those units in that population number. Yeah, unfortunately,

1774
01:23:56,760 --> 01:23:57,880
Speaker 24: come to a bit of a short form.

1775
01:23:57,920 --> 01:23:59,599
Speaker 2: But the thing is, Christmas is not new, right, We've

1776
01:23:59,640 --> 01:24:02,000
Speaker 2: been talking about this for a while, So you would

1777
01:24:02,040 --> 01:24:04,599
Speaker 2: imagine that if the market was working properly the demand,

1778
01:24:05,120 --> 01:24:07,240
Speaker 2: you'd simply get enough supply to meet the demand. Why

1779
01:24:07,280 --> 01:24:08,040
Speaker 2: is that not happening?

1780
01:24:08,760 --> 01:24:11,000
Speaker 24: Yeah, it's an interesting one, isn't it. I mean, ultimately,

1781
01:24:11,240 --> 01:24:13,680
Speaker 24: one of the key components of the sector is the

1782
01:24:13,720 --> 01:24:15,840
Speaker 24: ability to sell your house if you're an older a

1783
01:24:16,000 --> 01:24:18,800
Speaker 24: person looking to get into an attirement village, so that

1784
01:24:18,840 --> 01:24:20,639
Speaker 24: you can pay for your unit. And at the moment,

1785
01:24:20,640 --> 01:24:22,840
Speaker 24: as we know, the residential market has slowed and that's

1786
01:24:22,880 --> 01:24:26,320
Speaker 24: just having cascading effects into the sector. And so we've

1787
01:24:26,360 --> 01:24:29,400
Speaker 24: actually seen that also occur through from the operators where

1788
01:24:29,439 --> 01:24:33,120
Speaker 24: by their slowed their development activity as well. So we're

1789
01:24:33,160 --> 01:24:35,080
Speaker 24: in a bit of a funny situation at the moment.

1790
01:24:35,200 --> 01:24:39,040
Speaker 24: Why it's just not working on both sides of the coin.

1791
01:24:39,439 --> 01:24:41,400
Speaker 2: So what's going to happen? Do you think if we

1792
01:24:41,560 --> 01:24:44,599
Speaker 2: get this, we've finally reached this number who actually yep,

1793
01:24:44,640 --> 01:24:47,080
Speaker 2: twenty thirty three need to get into these retirement villages,

1794
01:24:47,120 --> 01:24:47,880
Speaker 2: and there isn't space.

1795
01:24:47,920 --> 01:24:51,920
Speaker 24: What happens, Yeah, I guess a couple of things, And unfortunately,

1796
01:24:51,960 --> 01:24:55,639
Speaker 24: one might be that prices increase, something that I guess

1797
01:24:55,680 --> 01:24:59,080
Speaker 24: we're not necessarily looking forward to. There might also be

1798
01:24:59,160 --> 01:25:02,280
Speaker 24: other I guess that might affect that ratio. Maybe we

1799
01:25:02,320 --> 01:25:05,000
Speaker 24: won't necessarily have as many people in retirement, religious a

1800
01:25:05,040 --> 01:25:10,120
Speaker 24: lot of demographic shifts and changes occurring in regards to

1801
01:25:10,520 --> 01:25:14,720
Speaker 24: more people in similar households. And then also technology might

1802
01:25:14,760 --> 01:25:17,320
Speaker 24: play a factor as well in regards to aging in

1803
01:25:17,360 --> 01:25:20,320
Speaker 24: place we have more technology to a system, So that

1804
01:25:20,400 --> 01:25:22,840
Speaker 24: might be one side of a coin where the demand

1805
01:25:22,920 --> 01:25:25,400
Speaker 24: might come back a little bit. But just given where

1806
01:25:25,439 --> 01:25:28,840
Speaker 24: those population projections are going, and as you say, we've

1807
01:25:28,880 --> 01:25:31,280
Speaker 24: been looking at this for a very long period of time, Yeah,

1808
01:25:31,280 --> 01:25:32,640
Speaker 24: it does look like it'll be a bit of a

1809
01:25:32,680 --> 01:25:34,320
Speaker 24: crux in a decade or so.

1810
01:25:34,400 --> 01:25:36,320
Speaker 2: Yeah, I mean, so potentially, what could happen as we

1811
01:25:36,400 --> 01:25:38,720
Speaker 2: end up with a multi with old school ways of

1812
01:25:38,760 --> 01:25:40,719
Speaker 2: doing that multi generational households again.

1813
01:25:41,640 --> 01:25:44,479
Speaker 24: Yeah, Look, I think one of the key components really

1814
01:25:44,520 --> 01:25:46,000
Speaker 24: of the sector is that it's probably going to take

1815
01:25:46,000 --> 01:25:50,000
Speaker 24: a whole raft of different things to help the sector

1816
01:25:50,040 --> 01:25:54,360
Speaker 24: basically make its way into a better territory Yeah.

1817
01:25:54,400 --> 01:25:56,120
Speaker 2: Now, do you think that there is a place for

1818
01:25:56,160 --> 01:25:58,599
Speaker 2: the government. I hate going to politicians to fix things,

1819
01:25:58,640 --> 01:26:00,559
Speaker 2: but if the market's not working, is there a place

1820
01:26:00,560 --> 01:26:02,320
Speaker 2: for the government to step in here and do something.

1821
01:26:04,240 --> 01:26:07,640
Speaker 24: I think there's always a natural balance between what the

1822
01:26:07,720 --> 01:26:10,000
Speaker 24: market can do, so I think ultimately what will happen

1823
01:26:10,120 --> 01:26:12,639
Speaker 24: is that will get a pretty good response from the sector,

1824
01:26:13,840 --> 01:26:18,519
Speaker 24: enabling people to enjoy their retirement, hopefully in safe and

1825
01:26:19,360 --> 01:26:21,360
Speaker 24: community engaging locations.

1826
01:26:21,720 --> 01:26:24,120
Speaker 2: Christ Lissen, thanks very much for talking us through at Crystable,

1827
01:26:24,240 --> 01:26:27,920
Speaker 2: jrl's head of Research and strategic consulting twenty away from

1828
01:26:27,960 --> 01:26:33,400
Speaker 2: seven Together. Sounds like there is some upset at Netball

1829
01:26:33,439 --> 01:26:36,799
Speaker 2: New Zealand. There's a bit of a plan brewing apparently

1830
01:26:36,800 --> 01:26:39,200
Speaker 2: to get rid of the Netball New Zealand leadership piece

1831
01:26:39,200 --> 01:26:42,360
Speaker 2: has just dropped on the Herald outlining how it's all

1832
01:26:42,439 --> 01:26:46,080
Speaker 2: unfolding now. What needs to happen is basically they have

1833
01:26:46,120 --> 01:26:48,040
Speaker 2: to lodge a vote of no confidence, and in order

1834
01:26:48,080 --> 01:26:49,760
Speaker 2: to lodge a vote of no confidence they have to

1835
01:26:49,800 --> 01:26:52,200
Speaker 2: have a special general meeting. And in order to get

1836
01:26:52,240 --> 01:26:55,519
Speaker 2: a special general meeting, three of the five Netball New

1837
01:26:55,640 --> 01:26:58,559
Speaker 2: Zealand zones, the Netball zones in the country have to

1838
01:26:58,640 --> 01:27:01,320
Speaker 2: vote for a special general meeting. So let me run

1839
01:27:01,360 --> 01:27:04,120
Speaker 2: you through that again. First you get three zones that

1840
01:27:04,240 --> 01:27:06,000
Speaker 2: call for a special general meeting, and then they have

1841
01:27:06,080 --> 01:27:07,960
Speaker 2: the special General meeting and then they lodge a vote

1842
01:27:08,000 --> 01:27:11,439
Speaker 2: of no confidence. Now, so far only one zone has

1843
01:27:11,479 --> 01:27:13,639
Speaker 2: gone public with wanting to do this. It's the White

1844
01:27:13,640 --> 01:27:16,320
Speaker 2: Cuttle Bay of Plenty zone. And in order to get

1845
01:27:16,320 --> 01:27:18,480
Speaker 2: this process under it, I mean, this sounds really bureaucratic,

1846
01:27:18,680 --> 01:27:21,000
Speaker 2: but they have to They have to have their own

1847
01:27:21,040 --> 01:27:23,639
Speaker 2: meeting in order to confirm that they want to call

1848
01:27:23,640 --> 01:27:25,720
Speaker 2: a special general meeting to have a voter and you

1849
01:27:25,760 --> 01:27:28,360
Speaker 2: can see, but the process has started. So one has

1850
01:27:28,360 --> 01:27:29,680
Speaker 2: come out with the fact that they want to do

1851
01:27:29,760 --> 01:27:32,920
Speaker 2: the thing they reckon. There is another zone that's quietly

1852
01:27:33,000 --> 01:27:34,920
Speaker 2: waiting to see how this all unfolds. And if they

1853
01:27:34,920 --> 01:27:37,320
Speaker 2: get sufficient support or whatever whatever I don't really know,

1854
01:27:37,600 --> 01:27:39,320
Speaker 2: then they will come out in public as well, and

1855
01:27:39,360 --> 01:27:41,640
Speaker 2: presumably that they'll get the ball rolling, and that's what

1856
01:27:41,640 --> 01:27:43,360
Speaker 2: they're hoping, and then they'll get rid of Jenny Wiley

1857
01:27:43,400 --> 01:27:45,320
Speaker 2: and so on. They want to get rid of Jenny

1858
01:27:45,320 --> 01:27:47,719
Speaker 2: Wiley and they want to get rid of the Neatport,

1859
01:27:47,760 --> 01:27:49,840
Speaker 2: New Zealand board because they don't have the confidence that

1860
01:27:49,920 --> 01:27:53,280
Speaker 2: the board and the chief executive can lead the sport

1861
01:27:53,320 --> 01:27:57,080
Speaker 2: forward with sufficient strategic vision. And the three things that

1862
01:27:57,120 --> 01:27:59,160
Speaker 2: they are concerned about is number one, the A and

1863
01:27:59,240 --> 01:28:02,160
Speaker 2: Z Premiership, which I think we all know is complete

1864
01:28:02,200 --> 01:28:05,720
Speaker 2: bollocks at the moment, right, It's rubbish. I mean like

1865
01:28:05,760 --> 01:28:08,080
Speaker 2: the caliber of our players is dropping off because the

1866
01:28:08,120 --> 01:28:10,639
Speaker 2: caliber of our competition is rubbish and there doesn't seem

1867
01:28:10,640 --> 01:28:13,920
Speaker 2: to be any reasonable planning around this and so on. Anyway,

1868
01:28:14,160 --> 01:28:16,000
Speaker 2: second thing they seem to be concerned about is the

1869
01:28:16,000 --> 01:28:18,760
Speaker 2: one year television broadcast deal with TV and Z, which

1870
01:28:18,840 --> 01:28:21,479
Speaker 2: was confirmed very late in the piece and importantly is

1871
01:28:21,600 --> 01:28:24,280
Speaker 2: only for one deal and for one year and is

1872
01:28:24,320 --> 01:28:27,280
Speaker 2: being funded by Netball New Zealand itself, which is complete

1873
01:28:27,360 --> 01:28:30,080
Speaker 2: are you know the wrong way around? Normally you get

1874
01:28:30,080 --> 01:28:31,680
Speaker 2: paid to put things on Telly. You don't pay to

1875
01:28:31,720 --> 01:28:33,880
Speaker 2: put it on Telly. And then the final thing is

1876
01:28:33,920 --> 01:28:36,679
Speaker 2: the obvious thing, right, it's the standing down of Dame

1877
01:28:36,760 --> 01:28:39,559
Speaker 2: Noline Toduer and the process of the way that that

1878
01:28:39,680 --> 01:28:42,200
Speaker 2: was handled through the media. So yeah, it's all, well,

1879
01:28:42,200 --> 01:28:44,439
Speaker 2: it's starting. I wouldn't I wouldn't go quite as far

1880
01:28:44,439 --> 01:28:48,200
Speaker 2: as saying it's all on. It is certainly starting. There

1881
01:28:48,280 --> 01:28:51,120
Speaker 2: is a report that reckons that if you've got your

1882
01:28:51,120 --> 01:28:54,759
Speaker 2: money in arms producers, you'll be pretty happy with yourself

1883
01:28:54,800 --> 01:28:58,120
Speaker 2: because the top global arms produces revenues have surged and

1884
01:28:58,160 --> 01:28:59,720
Speaker 2: the reason they've searched. I mean, you know, if you

1885
01:28:59,760 --> 01:29:01,840
Speaker 2: follow geopolitics, you'll have picked this up. You would have

1886
01:29:01,840 --> 01:29:03,320
Speaker 2: thought it would have been good to have money in

1887
01:29:03,439 --> 01:29:06,439
Speaker 2: arms and arms dealers right now, because of course the

1888
01:29:06,479 --> 01:29:09,519
Speaker 2: war in Ukraine, the war in Gaza, but much more

1889
01:29:09,560 --> 01:29:13,800
Speaker 2: importantly and much more long term countries like ourselves arming

1890
01:29:13,920 --> 01:29:16,160
Speaker 2: up right, we're lifting our spending in GDP. What is

1891
01:29:16,160 --> 01:29:18,519
Speaker 2: it like one percent? I think we're aiming for said

1892
01:29:18,560 --> 01:29:21,880
Speaker 2: four or did I make that number up? But maybe two? Lord,

1893
01:29:21,880 --> 01:29:25,759
Speaker 2: it's US, probably only two countries in NATO obviously aiming

1894
01:29:25,800 --> 01:29:27,840
Speaker 2: for five percent, So everybody's buying all the weapons and

1895
01:29:27,840 --> 01:29:30,160
Speaker 2: stuff like that. Revenues from the sales of weapons and

1896
01:29:30,200 --> 01:29:32,960
Speaker 2: military services by the one hundred largest global arms producing

1897
01:29:33,000 --> 01:29:36,799
Speaker 2: companies reached a record six hundred and seventy nine billion

1898
01:29:36,880 --> 01:29:39,360
Speaker 2: US dollars last year. The top three in the US

1899
01:29:39,400 --> 01:29:43,120
Speaker 2: Lockheed Martin, Northrop Gumman, and General Dynamics all up by

1900
01:29:43,200 --> 01:29:47,200
Speaker 2: combined three point eight percent. So as I say, if

1901
01:29:47,240 --> 01:29:49,479
Speaker 2: you've got one of those key WE saver accounts where

1902
01:29:49,520 --> 01:29:51,720
Speaker 2: you say don't put the money in bad things like

1903
01:29:51,800 --> 01:29:54,680
Speaker 2: fossil fuels and guns, you might want to reconsider that.

1904
01:29:54,920 --> 01:29:56,040
Speaker 2: Seventeen away from seven.

1905
01:29:56,960 --> 01:30:00,479
Speaker 1: Ever's to do with money? It matters to you. The

1906
01:30:00,720 --> 01:30:04,200
Speaker 1: Business Hour with Heather Duper c Allen and Mayre's Motor

1907
01:30:04,320 --> 01:30:08,720
Speaker 1: Vehicle Insurance, your futures in good heads US talk ZB.

1908
01:30:10,080 --> 01:30:12,400
Speaker 2: Hither it's two point five percent of GDP. That's the

1909
01:30:12,400 --> 01:30:14,599
Speaker 2: commitment for the NZD. If you, of course, four percent

1910
01:30:14,680 --> 01:30:18,639
Speaker 2: was wildly I was wildly overblowing, that wasn't I? Fourteen

1911
01:30:18,680 --> 01:30:21,800
Speaker 2: away from seven Gaven Gray, UK correspondence with US, Hello, Gevin,

1912
01:30:22,800 --> 01:30:25,000
Speaker 2: either have Oh how much trouble is your chancellor in?

1913
01:30:26,200 --> 01:30:26,559
Speaker 3: Well?

1914
01:30:26,600 --> 01:30:30,439
Speaker 25: Pretty deep? Actually, it's been dominating the domestic agenda for

1915
01:30:30,520 --> 01:30:35,200
Speaker 25: news here this weekend. And what's basically happened is people

1916
01:30:35,200 --> 01:30:38,400
Speaker 25: are looking back at the budget released last week. In

1917
01:30:38,439 --> 01:30:42,040
Speaker 25: other words, the Economy Minister, the Chancellor Rachel Reeves outlining

1918
01:30:42,320 --> 01:30:44,880
Speaker 25: the tax intake and the tax how it's going to

1919
01:30:44,920 --> 01:30:48,240
Speaker 25: be spent as well and the shape of the government. Well,

1920
01:30:48,280 --> 01:30:50,519
Speaker 25: basically the Prime Minister is going to have to come

1921
01:30:50,560 --> 01:30:54,280
Speaker 25: out today after many people are claiming that she lied

1922
01:30:54,439 --> 01:30:57,240
Speaker 25: and should be sacked. Now the Prime Minister's coming out

1923
01:30:57,280 --> 01:30:59,880
Speaker 25: to defend her and to defend the budget today as

1924
01:31:00,040 --> 01:31:02,800
Speaker 25: would expect. But there's a lot of stake here because

1925
01:31:02,840 --> 01:31:05,160
Speaker 25: he's trying to really put a bit of clear water

1926
01:31:05,240 --> 01:31:09,040
Speaker 25: between some of the background noise that's about his own

1927
01:31:09,120 --> 01:31:11,640
Speaker 25: position in power, and he's not going to want the

1928
01:31:11,680 --> 01:31:16,679
Speaker 25: distractions of somebody else also being questioned about their position

1929
01:31:16,800 --> 01:31:20,280
Speaker 25: as well. Now, what basically happened is many people accuse

1930
01:31:20,320 --> 01:31:22,760
Speaker 25: the budget or summed it up by saying this is

1931
01:31:22,840 --> 01:31:25,760
Speaker 25: taxing those that are working to pay for those that

1932
01:31:25,800 --> 01:31:28,639
Speaker 25: are on benefits. No, no, no, The government said, we're

1933
01:31:28,640 --> 01:31:31,160
Speaker 25: doing this, We're doing that, We're driving down the deficit.

1934
01:31:31,240 --> 01:31:34,000
Speaker 25: We're also aiming to cut the amount of money that

1935
01:31:34,040 --> 01:31:38,839
Speaker 25: we have to spend to service our debt as a country. However,

1936
01:31:38,880 --> 01:31:42,080
Speaker 25: it's now been revealed that while the background of the

1937
01:31:42,120 --> 01:31:45,560
Speaker 25: budget was said by the Chancellor to have dire predictions

1938
01:31:45,600 --> 01:31:48,080
Speaker 25: of the economy, it's not really doing very well. This

1939
01:31:48,200 --> 01:31:51,360
Speaker 25: is bad, that's bad. It's now been revealed she omitted

1940
01:31:51,400 --> 01:31:55,439
Speaker 25: to mention an official document which actually showed the public

1941
01:31:55,479 --> 01:31:58,640
Speaker 25: finances were in much better shape than widely thought, and

1942
01:31:58,720 --> 01:32:02,320
Speaker 25: also omitted to mention a forecast of higher wages. And

1943
01:32:02,360 --> 01:32:05,759
Speaker 25: the reason that's important is because she's frozen the tax threshold,

1944
01:32:05,880 --> 01:32:08,960
Speaker 25: so his wages get higher, many people start paying tax

1945
01:32:08,960 --> 01:32:11,920
Speaker 25: that haven't paid tax before or fall into a higher

1946
01:32:12,000 --> 01:32:15,679
Speaker 25: tax bracket, and so consequently she's had to defend herself.

1947
01:32:15,720 --> 01:32:17,840
Speaker 25: Others are saying there must be an inquiry about this,

1948
01:32:18,000 --> 01:32:22,240
Speaker 25: someone that reported to the authorities over was she lying

1949
01:32:22,280 --> 01:32:25,320
Speaker 25: and if so, she should be sacked. And I'm afraid

1950
01:32:25,360 --> 01:32:28,080
Speaker 25: it's a pretty sticky situation for the government and if

1951
01:32:28,120 --> 01:32:30,439
Speaker 25: they were hoping this budget would give them some good news,

1952
01:32:30,640 --> 01:32:32,080
Speaker 25: it hasn't proven to be the case.

1953
01:32:32,280 --> 01:32:34,640
Speaker 2: But I mean, Starmer coming out and defending her is

1954
01:32:34,760 --> 01:32:37,400
Speaker 2: kind of a given, isn't it, Because he apparently signed

1955
01:32:37,439 --> 01:32:39,719
Speaker 2: off on this, So he's am I right in thinking

1956
01:32:39,760 --> 01:32:40,840
Speaker 2: that he's donkey deep in this.

1957
01:32:42,120 --> 01:32:44,519
Speaker 25: Yes, And that was something that came out of the

1958
01:32:44,560 --> 01:32:48,760
Speaker 25: weekend interviews that Rachel Reeves did because of course very

1959
01:32:48,760 --> 01:32:51,559
Speaker 25: early here Monday morning. But the papers are full of

1960
01:32:51,600 --> 01:32:54,040
Speaker 25: the fact that she kind of drew him in by saying, well,

1961
01:32:54,040 --> 01:32:56,400
Speaker 25: the Prime Minister signed off on it, or which kind

1962
01:32:56,439 --> 01:32:59,559
Speaker 25: of then plunged his face into the dirt as well.

1963
01:33:00,439 --> 01:33:02,680
Speaker 25: But I think many people think, no, she is the

1964
01:33:02,720 --> 01:33:04,720
Speaker 25: one in charge of this. Yes, he signed it off,

1965
01:33:04,840 --> 01:33:07,679
Speaker 25: but she's the one getting these constant updates on data

1966
01:33:07,760 --> 01:33:10,040
Speaker 25: on the economy and so forth, and that's why these

1967
01:33:10,040 --> 01:33:12,479
Speaker 25: decisions do seem out of step with that data.

1968
01:33:12,960 --> 01:33:17,479
Speaker 2: Gevin, how many of these bloody snails do dynk ah?

1969
01:33:17,880 --> 01:33:19,960
Speaker 25: Quite a lot, now, believe it or a lot. It

1970
01:33:20,120 --> 01:33:22,920
Speaker 25: is a tradition in France that everyone has snails in

1971
01:33:22,960 --> 01:33:25,759
Speaker 25: the build up to Christmas, or indeed on Christmas date itself.

1972
01:33:25,920 --> 01:33:28,200
Speaker 25: They are of course a huge delicacy in the country,

1973
01:33:28,479 --> 01:33:32,000
Speaker 25: but thieves have taken off with an estimated one hundred

1974
01:33:32,160 --> 01:33:36,280
Speaker 25: and seventy five thousand New Zealand dollars worth of snails.

1975
01:33:36,320 --> 01:33:39,479
Speaker 25: I mean we're talking many thousands. It's at a farm

1976
01:33:39,520 --> 01:33:44,519
Speaker 25: that supplies gourmet restaurants Lesca Good Deer Raim and it's

1977
01:33:44,560 --> 01:33:47,920
Speaker 25: been robbed of its entire stock of fresh and frozen snails.

1978
01:33:48,200 --> 01:33:50,240
Speaker 25: Bosses are calling it a real blow ahead of the

1979
01:33:50,240 --> 01:33:53,720
Speaker 25: holiday season. Thieves broke into the farm overnight, cutting a

1980
01:33:53,760 --> 01:33:57,000
Speaker 25: boarder fence, breaking into the buildings, but a complaint was

1981
01:33:57,040 --> 01:34:00,360
Speaker 25: only filed with police a few days ago, and that's

1982
01:34:00,439 --> 01:34:03,960
Speaker 25: obviously of interest. Offices are now on the trail. The

1983
01:34:03,960 --> 01:34:06,120
Speaker 25: farm is trying to restock to meet the end of

1984
01:34:06,200 --> 01:34:09,040
Speaker 25: year demand for customers, and police are now seeking some

1985
01:34:09,080 --> 01:34:10,439
Speaker 25: pretty slimy thieves.

1986
01:34:10,560 --> 01:34:12,559
Speaker 2: Yeah, well, good from you. I like that little pun.

1987
01:34:12,600 --> 01:34:15,160
Speaker 2: Gavin Gavin Gray, our UK Correspondent'll talk to you in

1988
01:34:15,200 --> 01:34:17,360
Speaker 2: a couple of days. There's a piece on the Guardian

1989
01:34:17,400 --> 01:34:19,720
Speaker 2: at the moment that is raving about how well our

1990
01:34:19,760 --> 01:34:22,400
Speaker 2: gaming sector is doing. Check this out. I didn't realize

1991
01:34:22,400 --> 01:34:25,040
Speaker 2: it was this, but it's big. So total revenue for

1992
01:34:25,200 --> 01:34:28,599
Speaker 2: local game developer studios has gone up every single year

1993
01:34:28,680 --> 01:34:33,280
Speaker 2: since twenty eighteen. From last year to this year, it's

1994
01:34:33,280 --> 01:34:36,960
Speaker 2: shot up by thirty eight percent. Thirty eight percent. That

1995
01:34:37,040 --> 01:34:39,640
Speaker 2: is enormous, right, It's now sitting at the value of

1996
01:34:39,680 --> 01:34:43,280
Speaker 2: seven hundred and fifty nine million New Zealand dollars. That

1997
01:34:43,400 --> 01:34:47,080
Speaker 2: is now almost double what the Aussies did last year.

1998
01:34:47,439 --> 01:34:50,800
Speaker 2: So that shows you, I mean compara it like, that's big,

1999
01:34:50,920 --> 01:34:53,360
Speaker 2: but if you take into account our relative populations, that's

2000
01:34:53,439 --> 01:34:56,400
Speaker 2: really big. And you know, the article's gone through a

2001
01:34:56,400 --> 01:34:59,720
Speaker 2: whole bunch of the successes. Path of Exile, which has

2002
01:34:59,760 --> 01:35:02,599
Speaker 2: made by grinding Gear Games, which has got an enormous

2003
01:35:02,640 --> 01:35:04,400
Speaker 2: amount of revenue. I think in the space of around

2004
01:35:04,439 --> 01:35:06,320
Speaker 2: about a year it's one hundred and five million dollars.

2005
01:35:06,640 --> 01:35:09,000
Speaker 2: Then there's the business Pickpock, which we've heard a lot about.

2006
01:35:09,040 --> 01:35:11,519
Speaker 2: They've made the popular into the Dead series. And then

2007
01:35:11,640 --> 01:35:14,280
Speaker 2: a cluster Duck, which is a mobile hat that's got

2008
01:35:14,320 --> 01:35:16,680
Speaker 2: more than five hundred million worldwide downloads across all of

2009
01:35:16,720 --> 01:35:21,160
Speaker 2: the titles. Credit where credit is due. We can shoot

2010
01:35:21,200 --> 01:35:23,000
Speaker 2: a lot of this back to the Jacindadu in government,

2011
01:35:23,040 --> 01:35:24,800
Speaker 2: because apparently what they did was they set up an

2012
01:35:24,840 --> 01:35:28,240
Speaker 2: outfit called Code and Code. This was in twenty eighteen.

2013
01:35:28,360 --> 01:35:30,439
Speaker 2: It was set up for I think Dunedin and then

2014
01:35:30,439 --> 01:35:32,800
Speaker 2: it was rolled out nationally thereafter, and it basically is

2015
01:35:32,840 --> 01:35:35,040
Speaker 2: like a support service for the sector. So it administers

2016
01:35:35,080 --> 01:35:37,840
Speaker 2: funding to the developers and it educates them on best

2017
01:35:37,840 --> 01:35:40,720
Speaker 2: practice within the global industry and teaches them how to

2018
01:35:40,720 --> 01:35:42,880
Speaker 2: talk to journalists and influences, how to budget, how to

2019
01:35:42,880 --> 01:35:45,880
Speaker 2: port to consoles, and then it basically the ideas wins

2020
01:35:45,920 --> 01:35:48,080
Speaker 2: them off to become more independent. So if you're ever

2021
01:35:48,160 --> 01:35:49,960
Speaker 2: scratching around and you're like jeez, I can't think of

2022
01:35:49,960 --> 01:35:52,679
Speaker 2: a single thing. Just Cinda did that was good? That

2023
01:35:52,960 --> 01:35:57,000
Speaker 2: may be it eight away from seven it's the heather Top.

2024
01:35:57,120 --> 01:36:01,280
Speaker 1: See allan Drive full show podcast on radio powered by

2025
01:36:01,360 --> 01:36:02,520
Speaker 1: newstalg zebby.

2026
01:36:03,760 --> 01:36:06,200
Speaker 2: Hither Are you kidding me? Auckland rates are up seven

2027
01:36:06,240 --> 01:36:08,920
Speaker 2: plus percent in the big costs to run the curl. Yep,

2028
01:36:09,040 --> 01:36:12,240
Speaker 2: that's what happened. That is what happened today. Now shout

2029
01:36:12,240 --> 01:36:16,200
Speaker 2: out to Tim Murkins. Tim Murkins is the hero of

2030
01:36:16,240 --> 01:36:18,800
Speaker 2: the day. This is because of parking. You know how

2031
01:36:18,800 --> 01:36:21,320
Speaker 2: we feel we all hate the parking and Tim thult Baggert,

2032
01:36:21,400 --> 01:36:23,280
Speaker 2: I'm going to take on the parking guys and Tim.

2033
01:36:23,520 --> 01:36:26,519
Speaker 2: Tim took on the guys and Tim one. Tim took

2034
01:36:26,560 --> 01:36:30,719
Speaker 2: on in particular secure parking. What happened is that for Tim,

2035
01:36:30,840 --> 01:36:33,000
Speaker 2: for years, Tim has been paying for his parking on

2036
01:36:33,040 --> 01:36:35,160
Speaker 2: his app. He's been doing it diligently. He's a good boy.

2037
01:36:35,400 --> 01:36:37,760
Speaker 2: And every time he parks it's fourteen dollars. He pays

2038
01:36:37,760 --> 01:36:39,599
Speaker 2: his fourteen dollars on his app and then he uses

2039
01:36:39,640 --> 01:36:42,559
Speaker 2: the car park. And where he's parking is presumably near

2040
01:36:42,600 --> 01:36:45,400
Speaker 2: his work. He's an architect near his work just off

2041
01:36:45,439 --> 01:36:48,599
Speaker 2: K Road, and so he parks it maybe three times

2042
01:36:48,680 --> 01:36:51,280
Speaker 2: a week or something like that. Anyway, Then about three

2043
01:36:51,320 --> 01:36:53,880
Speaker 2: weeks ago, he gets hit by a seventy dollar fine

2044
01:36:53,960 --> 01:36:56,439
Speaker 2: and then for not paying for his parking. But he's diligent.

2045
01:36:56,479 --> 01:36:58,120
Speaker 2: He's paid for his parking, so we can't understand it.

2046
01:36:58,120 --> 01:36:59,840
Speaker 2: And it happens two days in a row. And what

2047
01:37:00,160 --> 01:37:03,120
Speaker 2: had happened was his phone was stolen, so he got

2048
01:37:03,120 --> 01:37:06,080
Speaker 2: a new phone, and he downloaded his apps from iCloud.

2049
01:37:06,080 --> 01:37:08,679
Speaker 2: And when he downloaded his apps, his app is Secure

2050
01:37:08,760 --> 01:37:12,400
Speaker 2: Parking app reset to use his old car registration, not

2051
01:37:12,439 --> 01:37:14,960
Speaker 2: his new car registration. He didn't notice, and he kept

2052
01:37:15,000 --> 01:37:17,679
Speaker 2: on paying for his parking diligently, but he wasn't paying

2053
01:37:17,680 --> 01:37:20,320
Speaker 2: for his new car's parking, so they pinged him. But

2054
01:37:20,400 --> 01:37:23,439
Speaker 2: because it's an obvious mistake, right and in Secure Parking

2055
01:37:23,479 --> 01:37:26,519
Speaker 2: didn't lose any money because Tim's paying and Tim's car

2056
01:37:26,560 --> 01:37:28,920
Speaker 2: is there even though it's the wrong regio. Because it's

2057
01:37:29,040 --> 01:37:31,120
Speaker 2: a silly, obvious mistake, They're going to let it go,

2058
01:37:31,160 --> 01:37:35,360
Speaker 2: aren't they. There's no loss, No he reckons. They told

2059
01:37:35,439 --> 01:37:37,920
Speaker 2: him that he needed to learn a lesson, so they

2060
01:37:37,960 --> 01:37:40,360
Speaker 2: wanted to teach Tim a lesson in putting in the

2061
01:37:40,439 --> 01:37:43,840
Speaker 2: right numbers and letters. She's how patronizing. Anyway, he wasn't

2062
01:37:43,880 --> 01:37:46,040
Speaker 2: going to take it. So Tim did the next best thing,

2063
01:37:46,040 --> 01:37:48,360
Speaker 2: and he went to the media. And what a surprise.

2064
01:37:48,800 --> 01:37:51,479
Speaker 2: The minute that the media got in contact with Secure Parking,

2065
01:37:51,760 --> 01:37:53,880
Speaker 2: they withdrew both breach notices.

2066
01:37:55,520 --> 01:37:58,800
Speaker 5: It's Last Christmas by Wham to play us out tonight.

2067
01:37:59,120 --> 01:38:03,080
Speaker 5: Oh first, it's the first of December. Welcome to Christmas music.

2068
01:38:03,120 --> 01:38:04,880
Speaker 5: On news talks it'd be drive all the way up

2069
01:38:04,920 --> 01:38:06,880
Speaker 5: to December twenty fourth. And of course, if you're playing

2070
01:38:06,920 --> 01:38:09,000
Speaker 5: the survival game, whare m again? Where you try again

2071
01:38:09,080 --> 01:38:11,320
Speaker 5: all the way through December without hearing Last Christmas? If

2072
01:38:11,320 --> 01:38:13,439
Speaker 5: by Wham you have failed, you have not even made

2073
01:38:13,439 --> 01:38:18,720
Speaker 5: it twenty four hours. Oh what a shame. Goodness, snake biager, jeez.

2074
01:38:18,800 --> 01:38:22,479
Speaker 2: Just coming out, just coming out hot and okay, so

2075
01:38:23,320 --> 01:38:25,600
Speaker 2: can you just start? Can we? Can you do me

2076
01:38:25,720 --> 01:38:28,080
Speaker 2: the solid though, not that you're obviously in the mood

2077
01:38:28,080 --> 01:38:29,800
Speaker 2: to do anyone as solid by the looks of things,

2078
01:38:30,000 --> 01:38:32,800
Speaker 2: But just play take the season here, just play the

2079
01:38:32,800 --> 01:38:34,720
Speaker 2: bangers and in the like, just go hard.

2080
01:38:34,760 --> 01:38:37,080
Speaker 5: I'm not taking Snoopy's Christmas out of the rotate hither.

2081
01:38:37,080 --> 01:38:39,400
Speaker 5: I'm sorry. I know you you're a fan.

2082
01:38:39,520 --> 01:38:40,720
Speaker 2: I was gonna mention it.

2083
01:38:40,800 --> 01:38:42,840
Speaker 5: Well, every time, every time we've put it to the text,

2084
01:38:43,000 --> 01:38:45,640
Speaker 5: they've always said, no, we wanted like the people of

2085
01:38:45,640 --> 01:38:48,280
Speaker 5: New Zealand mostly like that. So don't worry. It won't

2086
01:38:48,280 --> 01:38:49,680
Speaker 5: be the only one. This won't be the only one.

2087
01:38:49,720 --> 01:38:50,679
Speaker 5: There'll be lots of other ones.

2088
01:38:50,840 --> 01:38:52,240
Speaker 2: You know which is the best one? The way is

2089
01:38:52,280 --> 01:38:53,000
Speaker 2: Mariah Carey?

2090
01:38:53,240 --> 01:38:55,479
Speaker 5: Yeah, well that's that's in there. That's a room.

2091
01:38:55,560 --> 01:38:55,960
Speaker 21: Yeah.

2092
01:38:56,280 --> 01:38:59,200
Speaker 2: Okay, if you play Snoopy's Christmas, I just take my

2093
01:38:59,240 --> 01:39:02,040
Speaker 2: headphones off. I just walk out. I just walk out

2094
01:39:02,160 --> 01:39:02,439
Speaker 2: and go.

2095
01:39:02,760 --> 01:39:04,519
Speaker 5: So you're using threats now, okay, and I'm the one

2096
01:39:04,520 --> 01:39:05,679
Speaker 5: who's not celebrating Christmas.

2097
01:39:05,720 --> 01:39:07,759
Speaker 2: Product See you tomorrow

2098
01:39:16,920 --> 01:39:20,080
Speaker 1: For more from Hither Duplessy Allen Drive, listen live to

2099
01:39:20,200 --> 01:39:23,240
Speaker 1: news Talks it'd be from four pm weekdays, or follow

2100
01:39:23,240 --> 01:39:25,040
Speaker 1: the podcast on iHeartRadio.