Full Show Podcast: 28 January 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:03):
Digging through the spin spins to find the real story.
Or it's Ryan Bridge on Heather dupericy Ellen drive with
one New Zealand. Let's get connected and news talks.

Speaker 2 (00:13):
There'd be good afternoon.

Speaker 3 (00:15):
It is six after four News talks. They'd be great
to have your company this afternoon. We're going to talk
to Chris Hipkins, the labor leader about asset sales and
nationals plans for that starting to signal a few things
here and they're kid of us. Should we really be
with that? Worried if they won't talk to us? Is
this a storm and a teacup? Plus how young must
you be for jury duty in New Zealand? And John

(00:38):
Minto hunting down Israeli soldiers on holiday in New Zealand.

Speaker 4 (00:42):
Bryan Bridge, the fact.

Speaker 3 (00:44):
That labor is so worked up about the government potentially
selling off a few SOEs a bit of privatization probably
means it's a good idea. I would wager you we've
got no time for a return to the tax and
spend more but get less ideology of that party. But
I reckon now is the time for Luxeen and Co.

(01:04):
To start talking more loudly about their plans for the
likes of Land Corp and qv They also need to
go much further. They need to start talking about bigger
and more transformative stuff like slashing the company tax rate,
why not throw it out there, or offering tax breaks
for multinationals. Ireland did this. It has been hugely successful
for them. They have so much tax coming into their

(01:27):
coffers they literally don't know where to put it. So
they're setting up a sovereign wealth fund. Wouldn't that be nice? Politically?
There is no bit of time to kick off the
debate about asset sales and any other ideas previously seen
as too controversial or out there for Middle New Zealand.
Our economy performed the worst in the developed world last year.

(01:48):
We voters feel poor. Planes are bursting at the seams
with economic refugees from this country crossing the Tasman every day,
and rightly so we're asking what the hell do we
do to earn these planes and this country around and
this the government comes up with big and bold answers
to these questions than they're lame ducks. Luxon has been

(02:09):
playing it pretty safe so far. He's basically following in
John Key's footsteps on asset sales. He made the exact
promise in two thousand and eight, nothing in the first term,
knocked it out of the park in the second election,
and then bam ten billion bucks in the coffers from
partial floats of power companies. That's how he did it.
The media keeps saying that the polls tell us that

(02:29):
Kiwis don't like asset sales, and I just don't believe
that line. We're all selling stuff that we don't need
right now to get by and if some government appointed
board is losing money on something we own, then is
it not the right time to throw it overboard. I
had the unfortunate job in twenty eleven at the election
of following Phil Goff up the North Island in a

(02:51):
big white election bus as he unfurled giant anti asset
sale banners over hydro dams for photo ops. What an assignment.
He got caned in the election. He got wallopped. So
don't tell me that kiwi's hate asset sales. Can we
think carefully and critically about policies that are put to them,

(03:12):
and they way that against the context and the time
in which they are made. The time is now and
asset sales should only be the start of this conversation.

Speaker 4 (03:22):
Ryan Bridge just gone.

Speaker 3 (03:24):
Ten and after four News Talk said, b if your
Sky TV signal has been a bit rubbish recently, if
you've noticed that on the tally, I've got a possible
explanation for you. Sky's long serving satellite is on its
way out, so they're migrating to a new satellite in May.
But until then, the old Optis D two is what
they call it has been put into an inclined orbit

(03:45):
to save fuel in its final days. In the meantime,
viewers all over the country are apparently having problems. Nobody
from Sky was available to come on the show this afternoon.
John Duffy is the CEO of Consumer. He's with me now, John,
Good afternoon. I'm going to have to come back to
John in just a second. Just gone, John, can you hello?

Speaker 5 (04:08):
Hello?

Speaker 3 (04:08):
John?

Speaker 6 (04:09):
Yeah?

Speaker 3 (04:10):
So who's having problems? What have you heard?

Speaker 7 (04:14):
Well, customers are having problems. Ultimately, it seems that Sky's,
the satellite this skuy is leasing from Optus, is getting
towards the end of its life. It's not performing as
it should be and customers are bearing the brunt of
that through a degraded service.

Speaker 3 (04:34):
I guess how many customers have contacted you.

Speaker 7 (04:38):
We've had more than normal. I don't have the exact amount,
but a significant number enough for us to notice at
least that this is an issue.

Speaker 3 (04:46):
And what exactly are they saying? Does it cut out
and then come back in or does it just cut
out and they can't get anything?

Speaker 7 (04:53):
Yeah, it varies between customers, so some people will be
will not have well, have a frozen piculated image for
a period of time. Others it's intermittent so that all
you know, that situation will appear and then come back
and then go again, which is equally as frustrating. But
I think the biggest frustration that we're getting expressed to

(05:14):
us is how poor Sky's customer service has been in
helping customers who are trying to work out what to do.
I think, you know, in fairness the sky, everybody understands
that technology is fallible, and every now and again the
service is going to go down. And even Sky's terms
and conditions, you know, make that really clear that they
rely on satellites and therefore you can't expect one hundred

(05:36):
percent service one hundred percent of the time. What's happening.
What we've seen causing frustration is people are contacting Sky
there they can't get through or they can't get a
reasonable answer to their questions, and that is just doubling
down on the pain that they're feeling with the lack
of services they're getting.

Speaker 3 (05:51):
It's annoying, isn't it. So what should they do? I mean,
if your Sky goes out for a minute or two,
do you what do you get a discount? What should
they be doing?

Speaker 4 (06:01):
Well?

Speaker 7 (06:02):
Sky's terms and conditions says that they're not liable if
there's kind of minor interruptions to the service, and I
think you know that that is reasonable. You don't necessarily
get a refund if the bus is ten minutes late
because there's traffic or something like that. That's reasonable. But
where we have sustained failure to provide the service that
people are paying for, we think actually the Consumer Guarantees

(06:24):
Act comes into play here and that either Sky's satellite
has to be deemed not fit for purpose because you
account deliver the service that's required, or Sky is an
exercising reasonable care and skill. And these are both kind
of different actions under the Consumer Guarantees Act. Not exercising
reasonable care and skill in providing its service to customers.

(06:45):
People are paying for something, they have a right to
expect that that thing will be delivered at least most
of the time.

Speaker 3 (06:51):
John, thank you very much for that. That's John Duffy,
Consumer New Zealand. It is thirteen minutes after four News
Talk said be Sky's given us a statement. They say
they believe ninety five percent of their customers are not affected.
They say, we acknowledge it's frustrating and it's annoying for
those who are, and we apologize for this. They've got
a list of four things you can do to fix
your box. But they do also point out that Skybox

(07:14):
customers can enjoy their sky content anytime on sky Go,
which is the sort of web based service, a web
based app that you can access, so there is a
way to get around it if you are in the
sounds like the small minority who are having problems with
their skyboxes. It is fourteen after four. Darcy here was
sport next.

Speaker 1 (07:35):
Who will take the White House results and analysis of
the US election on Heather Duplessy Alan Drive with one
New Zealand.

Speaker 4 (07:42):
Let's get connected, News Talk said BE.

Speaker 3 (07:46):
Sixteen after four News Talk said, the boy have we
been hit with some sky stories on the outage that
they're experiencing at the moment. We'll get to those in
just a second, right now, Darcis, here was sport, Darcy,
good afternoon.

Speaker 8 (07:58):
Our biggest fear of sky in the old in the
World Cup finals here in twenty eleven. I was just
waiting for the rain fade, remember that, the legendary rain
fade from back in the day. That's long gone. I'm
very happy with my skybox.

Speaker 9 (08:10):
Yeah, let it be.

Speaker 3 (08:11):
What does it cost you at the moment. The last
time I had a skybox, I think it was thirty
something dollars a month.

Speaker 8 (08:17):
Which sixty seventy because I have had everything channel I
don't have. I don't watch TV except sport. I'm not
interested innything else.

Speaker 3 (08:25):
Really well, that makes sense, I mean, given your occupation,
but it's my addiction.

Speaker 8 (08:30):
That's what it is.

Speaker 3 (08:30):
And let's talk about sport then, because that'll keep you happy.
The All Black Sevens I've lost to Uruguay. This is
the first time ever. Should we be worried about that?
This is we've got.

Speaker 8 (08:39):
Sir Gordon Titchen says absolute, He's a godlike figure amongst sevens.
Over that years he had that team. To comment on
that tonight, we'll take some calls on this. I'd say
no because it's Uruguay and they probably shouldn't have won.
But they also beat fig only a couple of hours beforehand,
who are pretty sharp as well. And I think the
playing field's leveled somewhat. The resources that are put into sevens,

(09:02):
because it's much more of a of a global game
and easy to buy into without the required DNA of
rugby union and so on and so forth, that we
are going to have times where some of the lesser
teams are going to roll us and that's okay.

Speaker 3 (09:16):
Yeah, we don't need to happen, so we don't need
to freak out. We can just not really SEVENS.

Speaker 8 (09:20):
Fan being old on, because my initial reaction when it
happened was like, wow, when are the women playing? And
the Wahani play a much better brand. I really enjoy
watching them play.

Speaker 10 (09:29):
And they got beaten in the final.

Speaker 3 (09:32):
Something very strange about you know sevens. Do lots of
people watch Sevens?

Speaker 8 (09:37):
Well, I don't know what the numbers are.

Speaker 3 (09:39):
It doesn't make skytes of money to you.

Speaker 8 (09:41):
Now, maybe they could ring up and let you know money.
It's an Olympic program now, so it's got that focus
on four years. But I think the actual World seven
series is staggering a bit as far as the tendencies
and sales as well, so they might have to get
wrapped up.

Speaker 3 (09:57):
Horses. This ash Burton bred racehorse selling for two point
four million dollars.

Speaker 8 (10:02):
Well it's a Philly. It's the most expensive lady that's
ever been sold at Kataka and this is based on
Orchestral his sister, who is I believe one seven out
of the fifteen greet one races she started, so she's
pretty flash wow. So they're going, oh, DNA, why, I
like what you're made out of. It's not just about
cheval so they it's a DNA based sport, isn't it really?

Speaker 3 (10:25):
Really?

Speaker 8 (10:25):
And that's what they do. They find something that's good,
it's worth while, and then have some foles and sell
them for a lot more brilliant.

Speaker 3 (10:30):
Darcy will see tonight. Thank you. Darcy water Grave Sports
Talk hosts seven tonight on News Talk CB. It is
nineteen after four bran Bridge after five. We're going to
talk about kitda Bas and should we be that worried
about kitda Bass. I know that the media was calling
it a spat, and now the Education Minister from KITDA
BAS the government there is calling it a tiff. A
tiff doesn't quite sound as bad as a spat, does it. Anyway?

(10:53):
One hundred million dollars is at stake, so it is
no laughing matter that money up for review. This is
the funding from New Zealand to KITDA BAS. Instant Peters
has said that three meetings were either canceled or postponed
in the last few months, and the President pulled out
of one a week before it was meant to happen. Now,
I don't know about you, but if somebody is giving

(11:15):
me one hundred million dollars and they asked for a meeting,
I will attend. I will drop. I don't care. If
it's my mum's birthday, I don't care. I wouldn't care
if it was, you know, somebody's funeral. I would be
attending that meeting anyway. Turns out this is a response
from them, This is their Education Minister to RND Pacific.

(11:36):
It is correct that the President was unavailable due to
a pre planned and significant historical event hosted on his
home island. This important event's date was established by the
head of the Catholic Church several months prior. Now. One
of the meetings that's in question they pulled out of
a canceled a week before. So immediately you're thinking, if

(11:59):
you knew about the a few months prior, then why
did you only tell Winston Peters in our government a
week before. It doesn't make much sense, does it. Anyway,
they go on. His presence and support were required on
his home island for this event, and it was not
possible for him to be elsewhere. I mean, obviously you
can't be in two places at once. But he's made
a choice to be there, hasn't he. That's the point
of it. Anyway, the Aussies went, they met with the

(12:20):
Vice president. No problems for them. We're kicking up a
bit of a stink. We're reviewing the money. Yeah, as
I say, if someone if someone is giving you one
hundred million dollars, you go to the meeting. That's that's
my premise. I don't know about you. Nine two ninety
two is the number we're going to talk about this
after five twenty one, after four.

Speaker 1 (12:39):
Moving the big stories of the day foorwhen it's Ryan
Bridge on Heather Duper see Allen Drive with one New Zealand.

Speaker 4 (12:46):
Let's get connected news talks.

Speaker 3 (12:48):
They'd be good afternoon, and welcome to the show if
you're just joining us twenty four minutes after four. So
the big story of the day out, well international story
of the day, I should say, is what's happening on
the tech stocks in the US hacked down three percent
in video. This is the chip company that helps the
AIDS and abets the AI. They are down seventeen percent

(13:10):
or five hundred and sixty billion US dollars. That's a
trillion New Zealand dollars. Now that sounds like a lot,
and this sounds like an alarming thing to be saying
a trillion dollars has been wiped off the value of
one company. But let's not forget that it's still worth
three trillion American dollars or five point two trillion New
Zealand dollars, even after it's had seventeen percent wiped off

(13:33):
its face. For context, our economy is worth US two
and fifty billion, so we're just little minnos. Anyway, The
issue here is what's happening with this deep seak, which
is a Chinese made AI equivalent. That's what they're calling
it an AI equivalent and that it can do the

(13:54):
same thing that the American one can. That's what they're claiming.
And it's now the most downloaded one on the Apple
Store whatever it is where you get you your apps from.
So here's some things, some reasons to be a little
bit skeptical about the Chinese version and just a few
reasons that maybe investors a shooting first and asking questions later.

(14:14):
Number One, the AI in order to build these machines,
you need to train them, and training them is very expensive.
Chat GPT was one hundred million dollars, others have been
close to a billion dollars deep seek the Chinese one
reckons they've trained theirs for five million dollars. Is that possible?

(14:34):
It's a question to ask. Also what chips did they
have access to to make theirs because there's been sanctions
on chips going into China, So what chips are they using?
Is it even on par with the US version at
this point that question is still up in the air.
What role did the Chinese government play in funding potentially

(14:55):
this outfit? We don't know. And here's the big one.
So a couple of journalists got their hands on this
app and you know, is this all communist propaganda? That's
what they're wanting to know. So they put in there
what happened at Tianemann Square on the fourth of June
and nineteen eighty nine In the response, I'm sorry, I
can't answer that question now. That says it all, doesn't

(15:18):
It does in my mind. Twenty six minutes after four,
Murray Old's coming your way after news. He's going to
talk about the Aussie tech stocks have taken a hit
as a result of what's happened over in the United States.
Plus Dutton he's pushing for a shake up at the UN.
Good luck with that, but he's probably on his way
to becoming the next Prime Minister of Australia. So what

(15:40):
he says is quite important right now, isn't it all ahead?

Speaker 2 (15:43):
Just good?

Speaker 11 (15:45):
Or too forgamy?

Speaker 4 (15:48):
Even elfter?

Speaker 12 (15:50):
All this time.

Speaker 1 (15:52):
Recapping the day's big news and making tomorrow's headlines.

Speaker 4 (15:57):
It's Ryan Bridge on hither Duper c Allen Drive.

Speaker 1 (16:00):
With one New Zealand let's get connected news talks.

Speaker 2 (16:04):
That'd be.

Speaker 13 (16:09):
Good afternoon.

Speaker 3 (16:10):
It is twenty five minutes away from five year old
news talk said, be great to have your company this evening.
Why do we own so many things? Why does the
government own so many things? Like why do we own
TV in z? It serious question? Why do we own
TV in Zed? I mean you yes that that there's
a public broadcast element to it, But I mean could
someone else not do that? I don't know. We already
have radio in z. Can they not just put pictures

(16:32):
on their content? Wouldn't there be a lot cheaper? Nine
tener is the number to TEX. Somebody says, here the
CEO of Landcorp earns so much money and they're making
a loss. It's madness. This is Peter. He says, why
do we own it? I mean, it's a good question.
Why do we own it? Why do we own QV?
That's what Nicola Willis asked on the show last night.
Why do we own QV? For example? Why do we
own Yeah, Land Corp twenty six million dollar loss last

(16:55):
year it's worth two billion dollars. Wouldn't we rather two
billion dollars than a twenty six million dollar loss? It's
basically the land you're selling at this point. Cordia. Now
Cordia I only know because they run TV and radio facilities,
which kind of affects our job. But why does the
government own that revenue one hundred and forty eight million dollars.
Last year they had a net profit after tax of

(17:16):
three hundred thousand dollars. Do we need them? Can we
cut them loose? How's kibirail doing? Everyone happy with kibi rail?
Nine two ninety two the number to text? Chris Hipkins
responds to all of this as Labor leader.

Speaker 1 (17:28):
After five, it's the world wires on news talks.

Speaker 4 (17:33):
They'd be drive.

Speaker 3 (17:34):
The US President Donald Trump's hosted House Republicans for the
party's policy retreat where else but his golf resort in Miami.
He's told them one thing. He wants money, money to
hire more border security agents.

Speaker 14 (17:46):
These people are incredible people. I got to know him
so well. I was on the phone with them all
the time when I was president.

Speaker 2 (17:52):
When she was the.

Speaker 14 (17:53):
Borders are she never called them. We asked the border patrol.
Did you ever speak to the head of the border patrol?
Did you ever speak to the vist president who was
your borders?

Speaker 4 (18:00):
No?

Speaker 14 (18:00):
I never got to speak to it. This was a
terrible thing that was going on. This was a kun job.

Speaker 3 (18:06):
Yeah, so the tech stocks, let's take a look at
that they've taken a dive. After that, Chinese firm Deep
Seat revealed it had built an AI chatbot for a
fraction of the cost of chat GPT. Semiconductor manufacturer in
Vidia their market cap down a trillion Kiwi dollars, share
price down seventeen percent. This hedge fund ceo says this
fall has been made all the worse by the hype

(18:28):
behind in Vidia that it's attracted recently.

Speaker 6 (18:31):
People have absolutely gone crazy. It's an absolute casino that's
been built on the back of a legitimately amazing world story.
And so I think if you didn't have that circus
in town, you'd probably see the stock down five to
ten percent.

Speaker 3 (18:46):
And finally, this afternoon, this.

Speaker 4 (18:48):
Is pedal, a thousand people freezing their butts off waiting
to worship a rat.

Speaker 3 (18:55):
Animal rights group Peter has called for the town of
punk Satawny this is to abandon its annual Groundhog Day tradition.
This is in Pennsylvania and the United States. So every
year the town holds a ceremony where a man chats
to a groundhog live on stage to see if spring
will come early that year. Is this real? Peter says,

(19:18):
it's cruel to subject a groundhog to a noisy announcer,
screaming crowds and flashing lights. And the townspeople should bake
a vegan weather reveal cake every year instead.

Speaker 1 (19:30):
International correspondence with ends in eye insurance, peace of mind
for New Zealand business hope me in.

Speaker 3 (19:36):
The eye with a burnt stick. Twenty two to five.
Murray Olds is here our Australia correspondent, Murray, good afternoon.

Speaker 2 (19:42):
Could be worse. They could shoot it. At least they
just ask you questions.

Speaker 3 (19:48):
I don't think Peter would approve of that. No, I
think Peter would approve of that somehow, Murray. The Aussie
tech stocks have taken a hit from this deep sick news.

Speaker 2 (19:57):
Yeah that's right. Australia has not to the same extent
is in video. But I mean who would have thought it?
As Lauri said, I mean, gee whiz China making cheap stuff?
Who would have thought that? Anyway, Australian text talks have
been belted the I just grabbed some notes, I ran
out of the newsroom. You've got an outfit called next DC.
It's a giant data center mob that's down nearly eight

(20:18):
percent in early trading the lowest share price fourteen and
a half dollars lowest in about fifteen months. You've got
Newick's biggest fall down to three dollars thirty clothes on
Friday five dollars forty, So that's twenty percent in the
last five days. And there's an outfit called Megaport and

(20:39):
you know, you get the picture and that clip you
played from that guy, it is like a casino. It's
the Ties, a bit pumped up with a video like
you just can't believe. And there was one story and
now I won't go down that path because they haven't
got the direct quote in front of me, but suffice
to say in video was just enjoying this massive honeymoon

(20:59):
and was a guy I read this morning that it
was never going to last. And sure enovlong comes this
Chinese mob and they've just pulled that air right out
of the balloon.

Speaker 3 (21:08):
Yeah, I mean it's still worth Let's not that this
company's only been around a few years. I think they
were founded in twenty twenty one or twenty twenty two
or something. So to go from that to three trillion
American dollars and market cap even after the cut today
is pretty incredible stuff.

Speaker 2 (21:24):
But that happened about four hundred years ago with tulips in Holland.

Speaker 3 (21:27):
Well true, quite right, hey, Peter Dutton. So he's on
his way to becoming the Prime minister and now he's
threatening the UN for a shakup.

Speaker 2 (21:35):
Oh mate, he's just look. I think he rang up
Donald Trump and said, ay, Donny, would you mind sending
me an email of your playbook because he's cranking out that,
you know, in my first one hundred days, all this
sort of stuff. And here he is, he's named this bloke,
he's you know, he's really risen without a without a trace.
And the coalition to guy called David Coleman, he's now

(21:58):
the new shadow Foreign affairsman. I mean, he wouldn't say
bootwoock goose anyway, he's busy there wonking away lock that
big goose from the big table at the top of
the room with Dutton's and Promata saying, oh, look, we
have to improve the United Nations. Oh yes, yes, yes,
the UN has immense room for improvement. The multilateral body
far from effective. It's an organization, says Coleman, with important goals.

(22:23):
When it works effectively, it's good, but plainly when you
look at some of the UN resolutions on issues such
as the Middle East, it's not always effective and as
far often and as often far from effective. So we're
going to get a lot more of this stuff between
now election day. It really is, it's Trump light over

(22:43):
here with the opposition. He's every single card he can play.

Speaker 3 (22:47):
He is fair enough. I suppose fire fighters have put
out a warning about we've got this problem in New
Zealand as well. But the e bike batteries.

Speaker 2 (22:56):
Yeah, absolutely, Now there was a stat Christmas time. I
did a couple of stories on this. In New South
Wales last year they had more than one of these
fires a week, and two people died when their apartment
caught fire. Because people are going home with their e
bikes and their e scooters, plugging them into the wall
and then going to bed. And the thing is that

(23:16):
these things catch fire and they can. As we've all seen,
people are getting trapped, they're jumping out of windows and
so on. One really bright sparkle with the Gold Coast.
He came home after a big day out in the scooter.
Gee wherez it feels pretty hot, I might whack it
in the freezer. So that's what he's done bomb for
some reason. I mean, I don't know why. I'm not

(23:37):
a chemist, but I mean, this thing is literally blown
up in the freezer. There's one guy who's climbed out
onto a balcony. Another one had to jump. You've got
fire officers up there saying listen, these rechargeable batteries, right,
you're supposed to look after them. You're not supposed to
soup them up so they can go faster. You're supposed

(23:59):
to not chargs them up on soft furnishings like under
blankets and whatnot. Because there's a thing called a thermal runaway,
which sounds pretty dramatic, but it can kill people and
look at it explodes, It catches, look at eats up,
explodes and the joint is all of a sudden burning.
So if any more warnings had to be put out,
this case up in Queensland certainly has underlined that significance.

Speaker 3 (24:23):
Sounds like it. Murray, thank you very much for that.
Great to have you on.

Speaker 15 (24:26):
The show.

Speaker 3 (24:26):
Was always seventeen away from five. It's Murray holds with
us out of Australia. As I said, we're going to
get to Chris Hipkins after five and plenty want to
come on this in video of the stock story as well.
Out of the States.

Speaker 1 (24:38):
Politics with Centric Credit, Check your customers and get payment
Certainty News Talk ZB.

Speaker 3 (24:43):
It is fourteen to five. Jason Walls is with us
sidb's political editor in Wellington. Jason, Good afternoon.

Speaker 16 (24:49):
Oh hello, Ryan.

Speaker 3 (24:50):
Hey, the battle lines for the next election already been drawn.
This is over asset sales.

Speaker 16 (24:55):
Indeed, well, it was kind of hinted at yesterday with
Nikola Willis, who said that the Treasury had undertaken a
body of work to draw up a proposed statement for
state owned enterprises essentially almost company like things that are
owed by the Crown. Now essentially it's assessing their viability
to remain state owned. She did not elaborate too much

(25:16):
or in terms of the various assets that they were
looking at. But today Chris Hipke Chris Luxon was forced
to elaborate a little bit more because he had previously
ruled out the sale of state assets. So we naturally
asked them questions about that this morning.

Speaker 17 (25:30):
That's not something that we've been talking about this term.
We won't be talking about this term. I'm open to
talking about it in the longer term. And at the
next election, but that's something for the selection for this term.

Speaker 16 (25:39):
It's not so not this term of government. But it's
definitely not a no. We will never be selling state assets.
In fact, it sounds like it is going to be
an issue for the election.

Speaker 17 (25:50):
Well, just as I said, we just take it to
the election, and we would obviously seek to get a
bit part of our program that we want to talk
about it be upfront with new something else.

Speaker 16 (25:57):
So like Nikola Willis, you won't say what assets he's
taught talking about, but he's really moved away from any
sort of suggestion that it's going to be our areas
of healthcare or the bigger METEA parts of education. David
Seymoller meanwhile, is on board and wants asset sales to
always be on the agenda.

Speaker 18 (26:13):
Do we own the right things for the debt we've
taken on to ownland. We need to be asking that
question every day, not just you know, at some point
with a binary debate.

Speaker 16 (26:21):
So hang on a second. It doesn't sound like Winston
Peters is that kid.

Speaker 12 (26:24):
I've spent my whole career ensuring that our assets stay
on our possession.

Speaker 16 (26:29):
So all three of them seem to be on different
pages on this issue. However, the good thing about elections
are you don't need agreement with your coalition partners to
make promises.

Speaker 3 (26:38):
No, it's interesting one, doesn't it. I did it editorial
about this the other day, Jason, because I feel like
for voters in twenty twenty six, we're going to have
to make a choice. What direction do we want New
Zealand to go into and do we want to put
national back in a strait jacket between the sort of
economic protectionism of New Zealand first versus that, you know,

(26:58):
let's sell the assets the family silver kind of stuff
from Act Yeah. Yeah, I think.

Speaker 16 (27:04):
There is a middle ground there because I mean, you
can do privatization without selling off hospitals and schools, whereas
looking at cultable value and saying, well, why the heck
does the government own their property valuation company?

Speaker 3 (27:15):
You know, won't they won't go and flog the schools off. Well,
no one will let that happen. Let's talk about the
House today, but firey, Yeah, Well they did away.

Speaker 16 (27:24):
With question time today because the Prime Minister had a
statement in the House and all other parties could respond
to that. There was nothing too specific. It was just
sort of like a speech from all parties about whatever
the Prime Minister said in their response to that. So
Chris Luxen coined a new name for the opposition, got.

Speaker 17 (27:40):
To say, we are a coalition on this side. There
are a noalition on that side. That's what they're about.

Speaker 16 (27:45):
He took aim at Chris Hipkins's dress sense and must
a speaker.

Speaker 17 (27:48):
While we have been back at work four weeks pushing
through changes to make Kiwis so much better off, Chris
Hipkins is barely out of his gendles. We signed a
trade deal before it even grabbed the workshirt out of
the laundry basket.

Speaker 16 (28:02):
And he brought together his two great loves, Taylor Swift
and Sledging the Labor Party.

Speaker 17 (28:06):
But I think all this talk about Eden Park Concerts
has got in his head because he got it a
mix mixed up because people wanted the Era's tour. What
they didn't want was the tour that he was proposing erasers,
That's not what they wanted.

Speaker 16 (28:20):
I think that one's a little bit better when it's
written down. Chris Hopkins, meanwhile, was ready to return fire.

Speaker 11 (28:25):
This House has no confidence in this coalition government because
under its incompetent, arrogant, shamboat and divisive leadership. New Zealand
is going backwards.

Speaker 16 (28:39):
Jeez, Jippy, tell us how you really feel. And Winston
was as per ready to attack anyone and everyone. And
here he is yelling at somebody at the Greens or
Tie party.

Speaker 14 (28:47):
Marty.

Speaker 3 (28:47):
We couldn't work out who.

Speaker 8 (28:49):
Let the wind blow your stump of tongue around?

Speaker 3 (28:51):
Why what sun sign?

Speaker 8 (28:52):
And I know I've got the microphone and I'll be
here love after you're gone.

Speaker 16 (28:57):
Parliament is well and truly back. Ladies, gentlemen, strap yourselves
in all.

Speaker 3 (29:02):
Right, Jason, thank you for that. Jason Walls, News Talk
ZB political editor. It has just gone ten away from five.
I said something foolish earlier, and a couple of you
have corrected me. I said that in video this is
the chip company from the United States was founded only
a couple of years ago. Was not founded a couple
of years ago. It was founded in nineteen ninety three.

(29:23):
This one says Ryan, and Vidia was founded in nineteen
ninety three. Thought i'd let you know this. Other one
says Ryan, You're an idiot in video. Has been around
since the early nineties. Murray, thank you whatever I don't
care how you deliver the message, so long as I
get it nine to five, putting.

Speaker 1 (29:40):
The tough questions to the newspeakers, the mic asking breakfast.

Speaker 19 (29:43):
Christoph Lexon Prime Minister as well as My criticism of
you is that you too much yack, not enough do.
If you don't like what Communist Commissioner is doing, You're
just all fired.

Speaker 3 (29:52):
Up because of Trump's executive orders. But that's what you do,
exactly what you need to executive orders.

Speaker 19 (29:57):
You need to get a pen and start scratching out
a few signatures and Dyli and the difference between a
presidential system and a parliamentary system is quite profound in
that regard.

Speaker 3 (30:04):
You and I are sick of the same things.

Speaker 19 (30:06):
But what I'm watching here is a commerce commission that's
been looking at petrol and supermarkets and building products and
everything else gone nothing's happening.

Speaker 17 (30:12):
So we know what the problem is, but no one
ever pulls the trigger to say that's the action that
needs to take place off the back of that study.

Speaker 3 (30:18):
That's what we've got to do this year.

Speaker 19 (30:19):
Back tomorrow at six am, the Mike Hosking Breakfast with
the Rain drove of the LAH News Talk ZB.

Speaker 3 (30:25):
Six away from five. So Denmark this is our Trump's fallout.
Denmark has now announced they're going to spend billions more
on Arctic security. Of course this involves Greenland. They're going
to spend it with and around and for Greenland because
Trump wants to take it over or buy it or
whatever it is he wants to do with it. So
they've come out. They've announced two billion. This is US

(30:46):
two billion dollars to boost security. What's that going to
get them? Three new Arctic ships, more long range drones,
strongest satellite capacity. Basically, they're throwing the kitchen sink at
Greenland to try and keep it all safety, cure and
really just kind of stamped say to the world, hey,
remember this is ours, you know, this is part of us.
This is on top of one and a half billion

(31:08):
that they'd already pleased in December, by the way, so
it doesn't stop there. Greenland, of course is quite important strategically,
but also they've got the oil, they've got the gas,
they've got the minerals in the ground for the green
revolution that's apparently coming. Interestingly, how they framed it, Greenland
is entering a time of changing threat landscape. This is
the Greenland Independence and Foreign Affairs Minister. And when they

(31:31):
were asked is has anything to do with Trump? They
said no, it's a quote irony of fate. Hard to believe,
isn't it. Bus lanes two hundred and twenty thousand dollars
from one bus lane in Wellington? Did you see this
story today? How on earth can you get fifteen hundred
people purposely breaking the rules and one month on one

(31:54):
street outside the hospital in Wellington? The answer is you can't.
And what does that tell you? That tells you that
the signage isn't good enough because people don't it's one
hundred and fifty dollars per car. You can't tell me
that every single one of those people knows what they're doing.
And the fact that they don't know what they're doing
is not their fault. In my mind, it's the councils.
You should put better signage on your stupid bus lanes. Plus,

(32:15):
by the time you've looked for your footpath, your cycle path,
your bus path, I mean, where is your lane? You know?
And you've got signs coming at your left, right and center.
You've got cyclists whipping across this lane to that I
mean Honestly, driving has become so difficult, isn't it. It
used to be your car, some bitumen and a white

(32:38):
line in the middle, and it was quite easy now. Honestly,
get me a drone, Get me up in a drone,
Get me over all of this. Nine nine two the
number of the text News Next, then Chris Haipkins.

Speaker 19 (32:53):
Up a double side where then on me and then
you fifty body bucket.

Speaker 1 (33:19):
Everybody questions, answers, facts, analysis, the drive show you trust
for the full picture. Brian Bridge on Heather Duplicy Allen

(33:39):
drive with one New Zealand let's get connected news talks.

Speaker 2 (33:43):
That'd be good evening.

Speaker 3 (33:45):
It is seven after five. Privatization well and truly back
on the political agenda. The Prime Minister, Christopher Luxe and
Nicola Willis are both talking about it and they're waiting
advice on what plans they might take to twenty twenty six.
So far Luxe has ruled out state houses, but he's
open to a conversation with voters about other asset sales
next term. Labour's leaders Chris Hipkins is with me this evening,

(34:07):
good evening, good day, Ryan. Why do we own Land Corp?

Speaker 20 (34:12):
Well Land corp. It owns quite a significant amount of
strategically important land for New Zealand, and it's land that
we want to have some control over what happens to it.
You know, we don't want our high country farms turned
into forestry necessarily, you know, we want to make sure
that it's used in the best interests of all New Zealanders.

Speaker 3 (34:29):
Hang on a minute. Didn't a whole bunch of farms
go to forestry under your reign?

Speaker 2 (34:35):
Private?

Speaker 20 (34:35):
Many private farms did.

Speaker 3 (34:37):
And can you just pose and the gum boots of
a farmer for a second and just understand how incredibly
ironic that statement was.

Speaker 20 (34:47):
Well, no, because a lot of farmers don't want to
see farms turned into forestry either. It is a challenge
facing the country that we have been converting farmland, good
productive farmland into forestry and as something farmers.

Speaker 3 (34:57):
All right, fair enough. So if farmers don't want high
ca tree farms turned into forestry either, then why not
sell it to them and they'll hold on to it.

Speaker 20 (35:05):
Well, because in some cases some of that land isn't
appropriate for private farming. So there's good reasons why we've
ended up with the parcels of land in land Corpse.

Speaker 3 (35:14):
So the reason that we own land Corp is not
because it might make money. It's because they're high country
farms that we don't want anything to happen on.

Speaker 20 (35:23):
No, they're currently being farmed, right, but in many cases
they're not a profit for private farming.

Speaker 3 (35:29):
I mean we're subsidizing. So last year, do you know
what the loss was for land Corp last year?

Speaker 2 (35:33):
Oh?

Speaker 20 (35:33):
I haven't got the figures off the top of twenty
six million.

Speaker 3 (35:35):
I mean we're wearing a loss so that we can
have farming happen there. Someone else is that.

Speaker 20 (35:43):
People end up buying it and changing the purpose for
which that land is being used for.

Speaker 2 (35:47):
Late in New Zealand, you.

Speaker 3 (35:49):
Can legislate against that. In fact, the government and who
would want to buy it farmers?

Speaker 20 (35:55):
But if it's not making a profit and it's not profitable,
one would they want to Well, because.

Speaker 3 (35:58):
Here's an idea, maybe a private farmer might be able
to turn a profit.

Speaker 20 (36:02):
I mean, that's just that's just it's just your typical ideology. Oh,
a private sector does it better. A private sector makes
a bigger profit. How's that working out with the electricity
companies who are gouging new Zealand consumers higher power prices
to make bigger profits. Every New Zealand households paying higher
power prices. When the National Party said if we privatize them,
power prices will come down, power prices have gone up

(36:24):
and the electricity company's investment in new generation to bring
prices down has actually stopped since privatization. This idea that
the private sector does everything more efficiently is nonsense. Let's
take the health system. If private provision was that much
more efficient, why is it that the Americans have one
of the least efficient health systems in the world, where
they spend more on healthcare per person under their privatized

(36:46):
health model than just about any other country and get
worse health outcomes. I mean, privatization is not the pansy
for public services in New z.

Speaker 3 (36:55):
Hang on a minute.

Speaker 2 (36:58):
Less.

Speaker 3 (36:58):
But you're getting carried away on yourself. No one's saying,
will sell the hospitals, all right? What we're talking about
here a specific state on the enterprise will sell the hospitals.

Speaker 20 (37:07):
He's going to be the deputy Prime minister and he's
saying that we should sell the hospital.

Speaker 3 (37:10):
Which is which is? This is a live debate, it's
a symbolic role Depity Prime Minstership. I mean he's not
going to be running the policy unit. Qv Why do
we own that TV and Z made a net loss
of twenty eight million dollars? I mean, can you name
an so o e that is performing well well?

Speaker 20 (37:27):
Television New Zealand like all meaning, there are many.

Speaker 3 (37:29):
Media companies in the can you can you name it?

Speaker 20 (37:33):
We shouldn't have public broadcasts.

Speaker 3 (37:35):
No, but can you name any countries in the.

Speaker 20 (37:37):
World broadcasters that aren't making any money?

Speaker 3 (37:40):
And understand it's a very difficult can.

Speaker 20 (37:44):
As well as it was before. Either that doesn't mean
we should do away with it, although that might have
something that might have a go for it.

Speaker 3 (37:49):
Chris, can you name any sooey that's performing well well?

Speaker 20 (37:53):
Is in many cases are in are in marketing challenging?

Speaker 3 (37:57):
Come on, if you can't name one that's before warming well,
and you're the leader of the Labor Party against asset sales,
what hope have they got?

Speaker 5 (38:04):
Well?

Speaker 20 (38:04):
There are private secreting companies that an't performing very well
at the moment. The economies in recession because this government's
driven the economy off the cliff.

Speaker 3 (38:11):
All right, thank you very much for your time. This evening.
Great to talk because always that's Crssipkins, who's the Labour
leader firmly against the sale of assets. It's fair to say.
Eleven after five Bryan Bridge Kitabas has hit back at
Winston Peters after he paused AID money because the Kitdabas
present president wouldn't meet with him. Peters says he's been
trying to arrange a meeting for months in order to

(38:32):
get assurances that it's one hundred million dollar AID fund
is being well spent. But Kittibas says it's president has
had to attend a Catholic ordination on his home island
on the day that Winston Peters wanted to visit. The
Pacific Issues journalist Michael Field is with me this evening, Michael,
Good evening Edy. So I mean we're literally arguing over

(38:56):
a date. Now Winston Peters has come back and said
that they actually suggest to the date. It's all getting
a little bit silly. How serious is this?

Speaker 5 (39:05):
It's totally silly and all this talk about will cancel
one hundred and four million dollars of aid is pie
in the sky twaddle from Winston pieces he's blundered in
this one whoever heard of trying to persuade a Pacific gathering,
a multinational Pacific gathering. That the bishop who conducted this

(39:29):
ordination was the bishop of Nauru and Tarowa. They had
over five hundred people on a small island that took
weeks to organize. What was the New Zealand High Commission
in Tarowa, which is occupied doing if they thought it
was a good idea to fly Winston and the boys

(39:49):
up on a herb, they have a day chatting about aid.
I just think somebody's lost their marbles on this, and
the one who's possibly on the ground looking for them
is Winston Peters. He didn't need to be in Tarawa
in early January at all. That junderbus has got lots
of problems, and I'm not saying that we shouldn't be

(40:12):
taking serious notice of it, but this is possess This
is like saying I was invited to my sister's birthday
party and now it's been canceled, well.

Speaker 3 (40:22):
But three times canceled three times and just a week's
notice as well before they flew out.

Speaker 5 (40:27):
I mean, oh, this is a tough world we live in.
How many eventsive you organized in recent times? It occurred
on the bit today that you're initially.

Speaker 3 (40:40):
Said yes, but I'm not being paid one hundred million
dollars in aid for you know.

Speaker 5 (40:46):
Well, let's just make that clear though. Just Is Kisobas
expected to sell its soul and coltower before Winston Peters
who wants to and who ever heard him of a
minister taking it? Decase out in January? He got no
home life.

Speaker 3 (41:03):
Now, well, I would have thought that that was a
sign he was actually quite interested and motivated to get
out there. I mean, you know, start of the year,
get out there and get back into business.

Speaker 5 (41:15):
January, January, January and terror sounds like some kind of
punishment invented by the Labor Party for Winston Pieces.

Speaker 3 (41:25):
All right, Michael, thank you very much for that. That's
Michael Field, who is a Pacific issues journalist talking about
the diplomatic spat or tiff as they're calling it now
between New Zealand and Kiddabas. It is quarter past five Newstalks.
You've been going at a snail's pace on the motorway
is pretty frustrating for most of us, right, but thinking
glass half full for a moment. If you're a business

(41:47):
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Speedy Signs, New Zealand's biggest national signage company, say that
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(42:07):
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(42:29):
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Speaker 4 (42:35):
Rich.

Speaker 3 (42:36):
Did you know for jury service in New Zealand just
gone eighteen after five you have to be sixty five.
You can't do it if you're sixty five years or over.
You have automatic excusal from jury duty and nationally MP
wants to change all this and raise the age of
people on jury service to seventy two. Their members bill
has been drawn from the Biscuit Tin at Parliament and

(42:58):
that would raise the age of jurisd seventy two. Carl
Bates is the National MP for Huangannui. His members Bill
has just been drawn from the Biscuit Tin. Carl is
with us this evening, Carl, good evening.

Speaker 21 (43:09):
Good evening, and happy New Year. Great to be on
the show.

Speaker 3 (43:13):
Great to have you. So I didn't even know this
rule existed. So what happens if you're sixty six and
you go into do jury series or you get called
up or do you not even get called out? What happens?

Speaker 21 (43:22):
So just a clarification there, maybe Ryan, So anyone over
the age of sixty five can still be called for
jury duty if they're on the electoral role. They can
receive a summons, but they can either automatically get excused
if they choose to exercise this right for an occasion,
or permanently, so they can say, look, I'm sixty six,
to use your example, and I no longer want to

(43:44):
be called for jury duty ever in my life and
have permanent excuse or from jury duty.

Speaker 3 (43:50):
Ah, So what you're doing is saying they will have
to because at the moment they can opt out, you're
saying that they will have to do it if they're
sixty five to seventy two.

Speaker 21 (44:01):
So essentially, putting together a jury is a numbers game.

Speaker 22 (44:05):
Really.

Speaker 21 (44:06):
In last year, during a visit to a court room,
staff indicated me that it was far too easy for
those over the age of sixty five to press the
unsubscribed button, if you want to think about it that way.
And this increases the number of summons that they have
to send out, which obviously has an increase in associated costs,
processing times and all of that. And so this bill,

(44:29):
as you say, moves that age from sixty five to
seventy two. So anyone under the age of seventy two
would have to serve dury duty unless any of the
other normal reasons apply, like family commitments or health, or
business or religious beliefs.

Speaker 4 (44:46):
Or the like.

Speaker 3 (44:47):
What would What was the thought behind this rule? I
guess was it for people who were in their retirement age, superannuation,
they're not really interested or not capable. What was the theory.

Speaker 21 (45:00):
In a very long time ago, And I think, as
we've all seen over a number of years, there's been
a big shift in societal expectations and the way we work.
And you know, I trust our seniors to be able
to fulfill jury duty, to be able to exercise the
role that they need to play on a jury And
I think when you think about community organizations, sports organizations, clubs,

(45:24):
even our churches and schools in the Ark, we have
seniors participate in all of those running them, supporting them,
and I think jury duty really in twenty twenty five
is no different.

Speaker 3 (45:36):
All right, nice one, Carl, Thank you for that. Carl
Bates nationally and p for Huanganu. We'd love to know
what people think of that. One nine two ninety two
is the number to text. Somebody says, I'm seventy three
and I've been called up for the seventeenth of February,
which so you will, as you will not probably already know,
you can just say no, I'm going home and they
don't have any recourse to that unless Carl has his way, of.

Speaker 1 (45:57):
Course, informed inside into today's issues. It's Ryan Bridge on
Hither dupericy Ellen drive with one New Zealand let's get connected.

Speaker 4 (46:07):
News talks'd be.

Speaker 3 (46:09):
Good evening twenty four after five I want to talk
about this so called hunt for Israeli soldiers holidaying here
in New Zealand. Who is in charge here? Well, of
course it's John Minto, been round for decades, done every
issue under the sun, every protest under the sun. He
has led it, he has marched at the front. Today's

(46:31):
issue Palestine. The Mission launching a hotline for kiwis to
call in and report Jews who've served in the Israeli military. Yes,
Dobbin an Israeli soldier who's on holiday in New Zealand.
A lot of people are calling this antisemitic. Military service
is of course compulsory in Israel, so presumably this means

(46:54):
that every Israeli that you see down at the beach
this summer is fair game. What a bizarre thing to
do from the fact that this is entirely nuts from
John Minto, who answers the phones. Is it John on
the other end and you say, I've just been to
the beach and I've seen someone who I think is
Israeli might have been a soldier. And what does he

(47:14):
do when somebody says that they've seen what looks like
a holidaying Israeli sounding all looking person. Does he jump
in his car and chase them down. What does he
do then once he finds them? Will people wait outside
synagogues hoping to catch you know, like a pokemon go
hoping to catch one? And then what talk to them,

(47:35):
ask them questions, harass them, follow them with a phone
and post a video on TikTok. What's the end game here,
John Minto? Because this does not sound like a very
KEYWI thing to do if you ask me, and we
will ask John Minto. He's on the show after news,
Ryan Bridge, She's gone twenty six after five. Some really

(47:56):
funny texts coming in about jury service, Ryan, I hope
the court judge will be happy to allow us to
take frequent toilet breaks to allow for our aging bladders, Hitslinder.
This is the if you're just joining us, there is
a members building platform the ballot today that would see

(48:16):
you unable to just say no to jury duty. If
you're over the age of sixty five, they would raise
that age to seventy two. Here you go. I'm sure
you can have a toilet break. I don't know what happened.
The wills of justice would spend very slowly depending on
how many you take. Linder twenty seven after five Newstalk ZBB.

Speaker 1 (48:47):
On the iHeart app and in your car on your
drive home, it's Ryan Bridge on Heather Duplicy Ellen Drive
with one New Zealand let's get connected News Talk ZBB.

Speaker 3 (49:07):
I mean it is twenty five away from six. Great
to have your company tonight, Scott Slady, he's a US
markets analyst out of the well unsurprisingly out of the
US anyway. He's going to tell us about in Nvidio
and what's happening to its share price, So whether it's
actually that big of a deal or whether this was
something like this Chinese startup was always going to happen,

(49:28):
was always going to challenge these big ai and chip
making boys and girls of the Stock Exchange, the darlings.
If you will, we will talk to him about that
after six. That's coming away shortly. Right now, it is
twenty five to sex and John Minto is joining us
because the Palestinian Solidarity Network al ted Oer they're asking

(49:49):
members of the public to help them track down Israeli
soldiers holidaying in New Zealand. Yeah, They've asked people to
call a hotline if they spot in Israeli sol in
order to help hold Israel accountable for the deaths of
Palestinians in Gaza, Human Rights Commission, the Jewish Council, and
the Holocaust Center. Also this campaign is potentially harmful to

(50:12):
Jewish people and Israeli people in New Zealand and it
should be called off. John Minto is the network's national
chair and he's with me tonight, John, Good evening.

Speaker 23 (50:22):
Yeah, good evening. Ryan.

Speaker 3 (50:25):
Can you just explain why you think this is all good?

Speaker 23 (50:30):
Well, I think it's all good because, well, our campaign's
good because this issue is in the hands of the government,
and our government has done nothing effective to put pressure
on Israel to end the genocide in Gaza. And I
should say at the outset, this genocide will continue in
about four weeks time when the current ceasefire ends, and

(50:52):
so we've got a window of opportunity now to put
much more pressure on Israel so that it continues with
the ceasefire rather than go goes.

Speaker 4 (51:00):
Back to war.

Speaker 23 (51:01):
So what we're saying, what we're saying is that you know,
we wouldn't New Zealand wouldn't accept, we wouldn't accept Russian
soldiers here on for ristern recreation after the invasion of Ukraine.
And we shouldn't accept Israeli soldiers here fresh from a
genocide in Gaza. There's been industrial scale killing of Palestinians

(51:22):
and Gaza. No one involved in that army should be
allowed into New Zealand.

Speaker 3 (51:27):
Okay, who answers the phone? If I call the hotline,
you'll get a message telling you that we're not interested
in Israelis.

Speaker 23 (51:37):
We're not interested in anyone from the Jewish community. We
are only interested in Israeli soldiers. And if you don't
have information about about the whereabouts of an Israeli soldier,
then then put the phone down.

Speaker 3 (51:50):
Right, And if I believe I know we're and how
would someone know it's an Israeli soldier? And not just
in Israeli and the soldiers because it's compulsory military attendance there, right.

Speaker 23 (52:01):
So it's not every not every Israeli and New Zealand
in New Zealand is here served in the Israeli Army
since October the seventh and twenty twenty three. So we're
interested in Israeli soldiers from that period.

Speaker 3 (52:14):
Specific Quite specific, isn't it. So how do you think
any New Zealander is going to know the difference between
Anne Israeli and Anne Israeli who has done military service
in the last two three years.

Speaker 23 (52:28):
Yeah, I think that for most people this won't be
I mean, I mean people people can't tell Israeli's from
any other European Well.

Speaker 3 (52:37):
Quite right, and the problem with the phone line, right,
you're just going to get it. Well, a bunch of
people bringing up saying I've seen in Israeli. Oh look,
I've been to the Synagore.

Speaker 23 (52:46):
No, what good, good grief, don't say that. For God's sake.
Where I think where it's going to come down to
Ryan is that And we're already and already I wouldn't
say it's a pattern which is emerge from the cause
we've had, but I think it will be a pattern
which emerges from the calls we get, and that is

(53:06):
from people who are from backpacking in the South Island.
So backpacking backpackers are typically what Israeli soldiers who come
over here on rest and recreation do. They go around,
they do the they do the adventure tourism. They're in
there and Queenstown and all of you.

Speaker 2 (53:24):
That's that's where.

Speaker 3 (53:25):
You've had calls from people. And so oh yeah, absolutely,
And how do the people that call. You know that
these are Israeli soldiers have served. I don't imagine they've
got T shirts.

Speaker 23 (53:35):
Because they've talked to them and because they've they've been
in conversation with them and.

Speaker 3 (53:40):
They okay, all right, let's let's go. So they call
you and then you what, jump in your car and
go find them.

Speaker 23 (53:46):
No, no, no. What we're aiming to do is have
respectful conversations, but very firm conversations.

Speaker 3 (53:54):
How do you find them? How do you find them?

Speaker 23 (53:57):
Well that we know, we'll we know the names of
some of the people. We will either in some cases
we'll be sending them personal messages on through through Facebook
or whatever. In other cases, we'll be visiting them if
they're in a a in a location where our people are.

(54:19):
And well, we've got a very simple, if you like,
a not so much a leaflet, but a very simple
thing that we're going to say to them, and what
we'll do.

Speaker 3 (54:30):
You know what, I'm going to leave it there. I'm
going to leave it there because I just to be honest,
it sounds insane what you're talking about. But thank you
very much for coming on the program. I really appreciate it,
John Minto. It is just gone twenty to six.

Speaker 1 (54:42):
The Huddle with New Zealand Tutherby's International Realty, Local and
global exposure like no other.

Speaker 3 (54:49):
On the Huddle of this evening, Huson Willis pr Trish Shurson,
good evening, Good evening, and former Labor Minister Stuart and Asture.
Good evening, Ryan, Trish, how are you very well? Very well?
Thank you. I'm struggling to sort of come to terms
of what exactly was going on there, Trush.

Speaker 10 (55:03):
I think there's only two words that need to be said,
and it's utter nonsense.

Speaker 24 (55:10):
Stuart, bloody, outrageous.

Speaker 3 (55:14):
Very weird. Let's move on talk about something more important,
privatization and asset sales. I'm just happy that people are
talking about this because as a country, we're obviously in
the peckle, you know, worst growth last year in the
developed world, so we have to do something. We've got
to do a stock take as a country, Stuart, is

(55:35):
it not okay just to even ask the question, what
is the right mix, a sensible mix of assets to own?

Speaker 24 (55:43):
Yeah, it's not a bad question. But the bottom line, Ryan,
is that the government has a role, not necessarily to
make a profit out of its assets, but to provide
services to the public right now, the private sector has
the primary role to maximize the profits out of these.
So the risk you run when you sell government assets
is that the focus changes from providing a really valuable

(56:05):
service to communities to making a profit. And when that happens,
you run the real risk that those who can't afford
those services miss out. You know, we should be looking
at doing things differently. Of that, there was absolutely no doubt.
I just don't think that selling off assets is the
way to go about it.

Speaker 10 (56:21):
Well, I, funnily enough, I disagree on that. I think
this is absolutely the right time to talk about big
structural changes like asset sales. New Zealand is asset rich
and cash poor, and we all know what that means.
You've got to go through the list of the things
you own, and just in the same way that a
household we do think about, you know what do we

(56:43):
need to get rid of what's really important to us.
The government needs to do that as well. We are
not going to get to where we need to be
by having incrementalism. And in my view, the New Zealand
electorate has moved on on asset sales like it has
done on the whole GM debate. So we went from
dm GE to GE technology and no one has battered

(57:06):
an eyelid. We have a big set of assets on
our books that are underperforming, and the right question to
be asked now is like, as David Simo says, why
do we own these? And then the job of the
National Party in government is to say, Okay, what we're
going to do is get Simmy and Brown to go
through the list, do a cost benefit analysis on these assets.

(57:29):
Then we'll take a program to the next election and
put it to the electorate. And I think, actually on
the center right, that is the way national acts should
be working. I am pleased to see David Seymour actually
talking about the economic reforms that X should be pushing
national on a.

Speaker 3 (57:44):
Very quick you said you disagree. Do you think kiwis
do want asset sales? Sorry, don't want.

Speaker 24 (57:51):
I think I think kiwis expect the level of service
from the government, and the government should provide a level
of service that's available to all qwis, not only those
who can afford it.

Speaker 2 (57:59):
And what we're.

Speaker 24 (57:59):
Findruning in this country at the moment right is the
gap between the very few at the top and the
majority is growing wider and wider, So you're going to
end up with a whole group, a whole group and
across our communities and society that just can't afford the
service is provided by a privatized community.

Speaker 3 (58:17):
But they hang on land land Corp. I mean, what
are we getting from land Corp?

Speaker 24 (58:22):
Well, I would I would be very interested to see
from the figures from land Corp whether they are turning
a prop on I was twenty one about higher performing.

Speaker 3 (58:30):
Is twenty six million dollar loss? There was a report
done in twenty twenty one that found we could get
two billion dollars if we flogged it off. Twenty six
million dollar loss last year, poor financial management and at
even at a board level.

Speaker 10 (58:42):
And this is the point.

Speaker 24 (58:43):
This is about arms to foreign owners.

Speaker 2 (58:46):
I don't This is.

Speaker 10 (58:47):
About asset recycling. This is about selling off what is
not working and not performing so that the government has
the money to invest in better services.

Speaker 24 (58:56):
But tris can I ask why why do you think
that the private syt that can run assets better than
the government. There's been a belief on the right that
government has no role in managing businesses or managing assets
because they just can't do it. Competently and I reject that.

Speaker 2 (59:11):
I completely reject it.

Speaker 10 (59:13):
Well, I would say, based on the current state of
the New Zealand economy, it is an absolute lesson in
why the government needs to own less trill.

Speaker 24 (59:22):
We have problems around productivity. Our tech system isn't working.
Productivity isn't working. In the labor market it isn't working.
The cost of capital is incredibly high. There are things
that need changing. Of that, there is absolutely no doubt.
But selling off assets is a political slogan that really
just does not work. Address the fundamentals of the economy
and you'll grow productivity inutrition.

Speaker 3 (59:40):
Ste it back in just a second on the Huddle.

Speaker 1 (59:42):
The Huddle with New Zealand's Tutherby's International Realty, local and
global exposure like no other good evening.

Speaker 3 (59:50):
It is twelve away from six on news Talks, there
be tricias and Hston willis PR's on the Huddle tonight
with Stuart Nashville and Labor Minister. Welcome back to you guys.
Let's talk Winston Peters and this diplomatic a tiff is
what we're calling it between Kittabas and New Zealand. So
mix up apparently over the dates and one hundred million
dollars of aid at stake. It's currently paused under review. Trish,

(01:00:13):
can you see what's going on here? I mean, Winston
Peters clearly wants to get out and say to the
people of Kitdabas. Look, I've tried to meet with your leader.
He's not meeting with me. That's not acceptable, and this
is why we've paused the aid. What's your take.

Speaker 10 (01:00:25):
It's always very hard to pick about pick apart these
kind of stories just reading them in the media. But
what I would say is that I have faith and
confidence in Winston Peters as our foreign minister, and when
I look at these stories I read on what he
is actually saying is he's trying to put a bit

(01:00:46):
of pressure on the president of Kittabas, who seems to
be playing a little bit of silly buggers with Winston Peters.
And so I am not opposed to him being a
little bit tougher and saying, well, hey, it's a quid
pro quo here and treat us with respect and happiter
hand over the AID money. If not, we're going to

(01:01:07):
put a pause on it.

Speaker 3 (01:01:08):
Yeah. Interesting, because obviously China is involved in this they
want more influence in the region. You know the fact
that Keitabas has recognized China over Taiwan, et cetera. All
of those things that going on in the background. Do
you think that Winston Peters is striking the right balance
or tone here?

Speaker 24 (01:01:25):
Star Yeah, I completely agree with Trisha on this one.
I mean, Winston is the most senior diplomat probably in
the Pacific. He's loved in the Pacific, he loves the Pacific.
He's a huge fan of the Pacific. And I agree
with Trisha. I mean, he's the consummate diplomat. If Winston
says this is the story and this is what's happening,
that I believe one hundred percent. And I would say
go hard once and represent aer interests well because he

(01:01:47):
always does.

Speaker 3 (01:01:47):
Yeah, and I tend to agree with both of you.
Let's talk about this arn It's campaign. Well, we think
it's a campaign in Australia, so they obviously sell tim
tams and in Australia and Walworth, they've managed to convince
them to stop the Tim Tams in a fridge for
a set amount of time. Kicked off a huge, big
social media for rawry over and across the Tasman. Do

(01:02:11):
you keep your Tim Tams in your fridge or do
you keep them in your pantry? These are the types
of discussion that we're having a Trish.

Speaker 10 (01:02:17):
Well, I'm a I'm not allowed Tim Tams.

Speaker 3 (01:02:19):
They probably don't. They probably just in your mouth.

Speaker 10 (01:02:22):
But me, if I was, I am a cold chocolate lover.
But to me this seems like an absolute joke for
the Aussies because in you know, thirty eight to forty
degree heat, by the time you got your Tim Tams
out of the supermarket into the car and home, they
would be in a puddle anyway. So what's the point
the whole thing unless you're going to scoff the whole
packet in the car?

Speaker 24 (01:02:43):
And and Trisha got to admit the company responsible for
the PR for Arnots has done a bloody good job
because we're talking about Tim Tams on the most popular
radio show in New Zealand. I mean, you can't get
better advertising than that. So I've got to take my
head off to the PR agency that's in charge of Arnots.
But group on that one, I mean, do people still
eat Tim Tams?

Speaker 3 (01:03:02):
I suppose this, ut I know you're very health conscious,
have you ever even eaten one.

Speaker 24 (01:03:10):
Look, they're not my favorite type of if I had
to choose. But like I said, I didn't even know
about this, and I read about it all your listeners
now know. Shit, I'm going to go to the supermarket.

Speaker 2 (01:03:20):
I'm going to have a look at the fridge and
see if there are tim tams there.

Speaker 10 (01:03:23):
I tell you what will happen tonight in houses in
towns and cities around the country. There'll be a husband
who's sent out to the dairy at about eight point thirty.
That's sort of what I would call magna maur when
the wife thinks, oh, I just need a little sweet treat.
Will we tim tams tonight?

Speaker 3 (01:03:37):
Somebody who's said the plural of tim tam is tim tam,
not tim tams.

Speaker 23 (01:03:43):
Oh my gosh, there you go. Why did debate?

Speaker 24 (01:03:46):
Yeah, but to be honest, if I am eating chocolate,
I do before it cold, but my wife befers at warm.

Speaker 2 (01:03:51):
So you know, there you go.

Speaker 3 (01:03:53):
In my house at the moment, we're only allowed ninety
percent cocoa chocolate, which tastes funny enough like cocoa.

Speaker 10 (01:04:02):
And that's why you only have two pieces of it.

Speaker 3 (01:04:04):
Yeah, No, that's true, which I think is the point,
isn't it? It's mean to taste as disgusting as possible.
Thank you guys, great to have you on Good Debate tonight.
Tricius and Huson, Willis pr Stuart Nash, former Labor Minister.
You're on News Talk SEBB.

Speaker 1 (01:04:19):
Red or Blue, Trump or Harrison? Who will win the
battleground states? The latest on the US election. It's Heather
Duplicy Alan Drive with One New Zealand Let's get connected.

Speaker 4 (01:04:29):
US TALKSB.

Speaker 3 (01:04:32):
News Talks THEBB. It is just gone five away from
six after six. We're going to talk about in video
and the Chinese competitor and the tech stocks and the
meltdown that's been happening over in Wall Street today. I
just noticed the story from Masterton this morning, which I
thought i'd quickly share with it. You haven't got long,
but Spud Motors is a mechanic in Masterton, right, and

(01:04:55):
that went to apply for a building consent. One guy
working there, one ocasional admin person working there as well,
and at any one time they reckon two customers MAXA
in this shop right. This is a mechanic in Marsterton
and they have one toilet, one bathroom that people can
use anyway. They went to apply for this building consent

(01:05:17):
and the ruling was that despite a maximum of four
people being on the premises at any one time, the
district council said future use of the building needed to
be considered and argued the correct occupant load for the
floor space was forty people. In other words, because one
day there might be a business in there that could

(01:05:37):
have forty people, this particular mechanic needed to have many bathrooms.
I mean, does that not sound like a dumb thing
to anyway? Turns out the council was wrong and MB
got involved, and you know, when MB comes to your rescue,
you must be up Shine Creek without a pedal. But
they did to their credit, and I want to hats

(01:05:57):
off to MB. They came in and they said, actually,
you do not need to take into account future building
use when considering a building code. And you need one
unisex toilet facility for one to five staff, so that
means you get one loop. So if you go to
Spud Motors and Masterton right now, you will find one

(01:06:20):
toilet and that's a good thing. Three to six News Talks.

Speaker 25 (01:06:23):
Evbday, Oh aren't you on need you Olga h.

Speaker 23 (01:06:39):
Need.

Speaker 25 (01:06:41):
It's beautiful things that are.

Speaker 4 (01:06:44):
Where business meets insight.

Speaker 1 (01:06:47):
The Business Hour with Ryan Bridge on News Talks NB.

Speaker 3 (01:06:52):
Good evening, it is seven after sex. Coming up, we
have on the digital nomad issue, Brad Olsen digging into
the numbers for or US, the Land Court sale, Jamie McKay,
the CTU mood of the workforce, and we're live in
London with the Edna Brady before the top of the hour.
Right now, US tech stocks have taken a huge hit today.
You would have seen this in the news this after

(01:07:13):
the Chinese AI company entered the scene. Deep Seek is
its name. It's an app that claims to need fewer
and less advanced chips to make work now. US chip
maker Nvidia lost six hundred billion US dollars off its
market cap in a single day, and the NASDAK lost
about three percent on the whole. Scott she Laddy is
a US markets analyst. Scott, Hello, good morning our investors.

(01:07:38):
I mean, obviously they're freaking out. Are they right to
freak count?

Speaker 15 (01:07:42):
Well, yeah, I think it deserves a little bit of worry.
I mean we were pretty much Tracy refection Number one.
Number two is until great until probably last Monday. We
could go today the idea that there was any competition
with a probably SURPRISEY what's your dad? But yeah, they
need to take heed. I'm not quite sure it's the

(01:08:03):
end of anything. You know, there's not a lot of
folks that are going to pack the truck up and
connect with China. We have to take China's word for
a lot of it. But there has been some reports
that say that this deep d sek is is is
the real deal. But they say that they only spent
five point six million dollars on it when we're spending

(01:08:24):
one hundred million dollars in hours. They say they've done
it in a short time frame. All of that stuff
is still esoterical. You can't really you know, put your
finger on it. But it's something that needs to be considered.
And uh, you know, the the amount of money I
think that really was getting people worried was, uh the
economics spend of all these companies that are getting involved

(01:08:46):
with ay I is that going to change because they
don't have to spend as much. I mean, they're still
gonna sell a lot and video is gonna sell a
lot of chips, but maybe, just maybe the price of
them changed today.

Speaker 3 (01:08:57):
Hugely significant time for this to be going down as well,
because you've got Mata and Microsoft and all that coming
out with their they called a furcern right this wake
So so will this potentially affect their calculations? Will it
affect how they spend their money?

Speaker 15 (01:09:12):
It depends on how how how you know, how seriously,
how seriously the investors take it. I mean, I think
they should take heed. About how how much heed they
take that's going to be the real debate. I mean,
I just don't see a ton of people backing up
and connecting with a Chinese product, especially now that we've
got this TikTok debate in this country for a year

(01:09:35):
or two. But I also do know that the we've
had some people here look at look at what they
put out, and it's the real deal. So however long
it's it's going to make it in forever. How much
it took them to spend to make it could be
up for debate. But there is composition out there, so.

Speaker 2 (01:09:53):
You know.

Speaker 15 (01:09:54):
Today and Nvidia had the I think a seventeen percent
of Cline, which was the largest one data climb in
the history of our stock market. It was a six
hundred billion dollar market cap selloff. Okay, that's that's pretty significant. However,
if you look at the top ten, and video owns
seven of the biggest selloffs, so we're in an environment

(01:10:16):
where things are pretty pretty valuable. Again, I think we
were priced to perfection two years ago and Video was
up two hundred and thirty nine percent. Last year was
up one hundred and seventy one percent. So we shall see.
I mean, it's it's been a pretty heavy climb. It's
just probably, I think probably is this it needs to
be taken seriously. But you don't need to throw the

(01:10:37):
baby out with the bath water. I still think there's
there's a ton of growth to be had there. But
maybe everybody got a little bit of a wake up
call to they think, you know, that there might be
some competition.

Speaker 3 (01:10:48):
Donald Trump's come out and said basically, this is a
good thing. I mean, and American companies should be looking
at this top of innovation and trying to emulate it.

Speaker 15 (01:10:56):
Well, I mean, there's nothing wrong with saying that. And
I think think that, like I said about you know,
TikTok and the Chinese, there's a lot of skepticism in
this country about the Chinese and technology, and rightfully so.
I mean for years and years and years, this is
what he's been elected to do, by the way, because
they've been taking a lot of our intellectual property rights
to the tune of at least five hundred million dollars

(01:11:17):
a year, maybe a lot more. So there's still a
lot of skepticism there, but it does remind everybody that
it wasn't a straight shot to the moon.

Speaker 4 (01:11:25):
You know.

Speaker 15 (01:11:25):
These companies don't, these stock rices don't grow to the sky.
And I think that was a much needed selloup and
maybe there should be some more. We are going to
have a tech revolution, we are going to have an
art official intelligence revolution, but maybe it's just not going
to be as expensive as everybody thought. And maybe that
means there's a lot more people that come to that party.

Speaker 3 (01:11:42):
Well, that does sound like a good thing, Scott, Thank
you for that. Scott Shelady, he's a US markets analyst
breaking down the big shocks to the tech stocks over
in Wall Street today. Just gone twelve minutes after six
speaking of Tick. After the break, we're going to talk
to Well to talk about the digital nomads and Brad Olsen.
We've asked them to go away and have a look

(01:12:04):
at how many, really, how many digital nomads exist in
the world. Can you quantify it? How much are they worth?
And is I mean, obviously you would make the change
in New Zealand if you thought something was going to
be gained from it, But exactly how much is going
to be gained from it? Is it worth the effort?
I guess is the question? Brad Olsen.

Speaker 4 (01:12:23):
Next, crunching the numbers and getting the results.

Speaker 1 (01:12:26):
It's hither due for Celan with the Business Hour and
MAS insurance and investments, Grow your Wealth, Protect your future
News Talks.

Speaker 2 (01:12:35):
That'd be.

Speaker 3 (01:12:37):
Quarter past six on news Talks. There'd be lots of
great texts here from earlier in the show. We were
talking about the bus lanes and the cameras that ping
you if you drive in a bus lane. Lots of
good feedback and text on that. We'll get to it
before the end of the show at seven. Right now,
the government's hopeful that digital nomads will soon flood into
the country and help grow our economy, but the Finance

(01:12:59):
Minister Willis last night couldn't say how many we can
realistically expect here, brad Olsen is Infametric's principal economist Brad
good Evening. Good Evening, do we have any idea how
big this market is?

Speaker 26 (01:13:13):
Look, it is pretty tricky to pin it down. There
are some global estimates that suggest you could be talking
in the range of sort of thirty five to forty
million digital nomads, and perhaps around I've seen some estimates
of around sort of seventeen million American digital nomads, and
that's probably the groups that we're targeting a little bit more,
because that's certainly the area where there's a bit more money.

(01:13:35):
We've already been seeing some very strong inflows of American
tourists into New Zealand since the end of sort of
pandemic restriction, so that certainly seems to be an area
of focus. However, with all of those numbers, I can't
tell you how many we might expect would actually come
to New Zealand. And that of course is still a
pretty important number.

Speaker 3 (01:13:53):
Yeah, Basically, it's too hard to quantify, isn't it. And
and I guess the other thing is don't they normally
go to countries that would have a cheaper cost of living,
like a Bali or Southeast Asia somewhere like that, or
do you have different demographics within that COVI.

Speaker 26 (01:14:11):
I think you could probably have both. I mean, in
broad terms looking at this, I'm not sure that we
can lose a lot from this policy in general. You know,
it might not be huge, but we're just sort of
not sure. But at the very least, if it's supporting
more people coming into the country and generally a lot
of these digital nomads, if they're able to think about
working overseas, they are, a lot of demographics suggest they

(01:14:33):
are often in sort of higher pay brackets that do
have a bit more money to spend. And I think
there's sort of probably two groups here. The first group
is those who are, let's be clear, probably already doing
it without knowing that perhaps they shouldn't, and so we're
now enabling them to continue doing so that's great. We've also,
i think, put a bit more of a spotlight on
the opportunity to come to New Zealand. You look at them.
Over the last twenty four hours since the announcement has

(01:14:55):
come out, there's been a lot more talk. There's been
you know, articles published I think in the New York time,
some of it coming across from the UK. So this
is probably a little bit less for the New Zealand
audience more for the global audience, going, Hey, look, New
Zealand is very very openly trying to court people to
come here, and if people were already thinking of coming
for a trip to New Zealand, this now might sort

(01:15:16):
of put us on the map a bit more. You're
right that in some areas, some other digital nomad visas
do often provide a longer time period or have cheaper
cost of living in similar I think this is more
trying to add on top of or convince people who
already perhaps thinking of a New Zealand trip to definitely
do that, or perhaps to come longer and therefore spend

(01:15:36):
more money.

Speaker 3 (01:15:37):
In the country.

Speaker 26 (01:15:37):
So I'm not sure if there's any real downsides this
policy in the short term.

Speaker 3 (01:15:41):
Interesting all right, well, I mean if there's no real downsides,
I guess why not do it? That's probably the ethos
that's running through the beehive at the moment. Brad Thank
you for that, brad Elson Infmetrics Principal Economists. Eighteen minutes
up to six Are there any digital nomads listening to
this show at the moment? Nine to number two? Did
you come here knowing that you were going to be

(01:16:02):
a digital NOMA. W did you know you're breaking the
laws right now potentially by being here and doing it?
And nineteen ninety two is the number of text I
want to leave some time with Jamie McKay. He's next.
I want his views on whether New Zealand's government should
own land.

Speaker 1 (01:16:17):
Corps than encroaching the numbers and getting the results. It's
Ryan Bridge with the Business Hour on News Talks V.

Speaker 3 (01:16:26):
Six't twenty one. Great to have your company tonight, Jamie
McKay from the Countries with us, Jamie Will the government
looked to put land Corp up on the chopping block.
I mean, well, I guess this is the question. Is
the government going to look at selling land Corp? And
if they do, is that a good idea? How will
that go down with farmers? Jamie gid a gid A, Ryan,

(01:16:48):
thanks for being with me. So land Corp. It's one
of the ones they're talking about putting it on the
chopping block. What do you reckon? Good idea, bad idea?

Speaker 12 (01:16:55):
Well, it depends whether you're into selling state assets. I
guess if you, Brian, if you are going to one,
you would have to think seriously about selling the nation's farm.
It's not performing very well at all, and it's worth
quite a bit of money. I had a guy on
the show today on my show The Country called Will Wilson.
He's a long standing agricultural consultant. He takes he's involved

(01:17:19):
in several high profile governance roles in the primary sector.
And he was doing the sums on the performance of
all of our leading ag companies and he was almost
quite scathing about Pamu. The artist formerly known as land
Corpy said, looks, it's got poor business strategy, poor governance
and management and it's a poor performing company. But the
kicker is ryan if you take its assets less its liabilities,

(01:17:43):
it's still worth about one point six billion dollars. We
could do a lot with that. And the other interesting
thing is it's worth about, according to Will anyhow, about
one hundred and fifty billion less than it was a
year ago. So maybe we're throwing good money after bad
with Palmu. But if we sell it, who do we

(01:18:03):
sell it too? It's a huge farm, It's New Zealand's
biggers farm. Would it flood the rural market? And then
it plays other roles in agriculture as well, such as
research on behalf of the wider agricultural industry and also
training young people onto the land. So it's a bit
of a vexed question, but you would have to say,
as it stands at the moment, it ain't a great investment.

Speaker 3 (01:18:26):
No, and it's I think it's sort of top of
the list for the government when you know, because farmers
run their farms much better than whe then the government
runs its farm, right, so why not let them have it?

Speaker 6 (01:18:36):
Yeah?

Speaker 12 (01:18:37):
Well, and there's also an argument because in the old
days Land Corp used to be lands and surveys and
they would they would have ballot blocks and they would
put young farmers in and produce the or increase the
productivity of the country. There is argument that maybe Land
Corp should become a bank and for instance, with its
dairy farms, and they've got some lovely dairy farms, put

(01:18:57):
fifty to fifty share milkers in there them some skin
in the game and raally start to generate some money.
But it would be fair to say that financially the
performance of Land Corp hasn't been that flash. Last year Ryan,
they lost off the top of my head something like
twenty six million dollars. Yes, it were ye had twenty
six million dollars and when you consider that they got

(01:19:19):
thirty eight million from a windfall or windfalls from carbon credits.
Putting that aside, the actual meat and taties of the
farming business ain't going that well.

Speaker 3 (01:19:30):
Let's talk about something that is going well. Then dairy
price is off to a very strong start, the Global
Dairy Trade Action. The first two of them for the end.

Speaker 12 (01:19:37):
Yeah, well, the first one was down and the second
one was up, wasn't it.

Speaker 3 (01:19:41):
Oh yes, yes, it was down one point four, then
up one point four.

Speaker 12 (01:19:44):
Well yeah, and that sort of equalized one another out there.
But the big one was in the last one, Ryan
one point four was GDT across the board. But the
really important one we have a look at is whole
milk powder prices. They went up five percent and this
is the highest price on the platform since June twenty

(01:20:05):
twenty two. And this has I guess convinced ASB they've
led the charge. They're saying that their milk futures or
the future milk price forecast price for this season, they're
saying ten dollars twenty five. Remembering that everyone else in
the market, including Fonterra is pretty much ten bucks ten
dollars twenty five would obviously be a record price, maybe

(01:20:28):
not an inflation adjusted terms, but a very good one
for all that. Now they're chief economist, a guy by
the name of Chris Tennant Brown. You would have seen
him on the tally. He's saying, look, this isn't a dunedale.
This four months left in the season, prices could still move.
The season to date is up production wise three point
seven percent, but we'll well pass the midpoint of the

(01:20:52):
Bell curve in terms of production. Typically only about a
third of the production comes from here on, and so
a lot of that productction and sales have been locked in.
But there are a few other things to consider. Newer's
soil moisture deficit charts have been showing a lot of
the country could do with the drink. We've also got
the exchange rate. Goodness knows what happens there with Donald

(01:21:14):
Trump in charge. And we've also got a couple of
other issues in Europe which has forced them back into
the market. A weave it the threat of foot and
mouth in Germany and the ongoing presence of blue tongue virus.
There's a lot of things that play here, Ryan, But
generally in terms of New Zealand industries, New Zealand, the
New Zealand airy industries is looking as good as anything.

Speaker 3 (01:21:35):
And thank goodness we've got them. Gosh, don't we need
a bit of that at the moment. Jamie, thank you
very much.

Speaker 12 (01:21:41):
Cheers Ryan, always good the chat.

Speaker 3 (01:21:42):
Cheers. It's Jamie McKay from the country. Twenty seven minutes
after six, you're on news talks. He'd be Look, this
is not a long story. It's a short one, but
it's just I felt sorry for this man because obviously,
when you look at politics from New Zealand and you
see bureaucrats doing silly things, you get angry and you
actually get upset. Whereas we and you look at it
from a different country, you don't really care. Is it
have one step removed? There is the Swedish National Security Advisor.

(01:22:08):
So this is the guy with the highest security clearance
in Sweden, and he was apparently a friend of the
Prime Minister's and that's why he was appointed. Anyway, his
name's Henrik Landerholm. I'm one of those people that is
very forgetful. I forget my phone, I forget my keys.
I'm always misplacing things anyway, It's not if you're a
forgetful person, you shouldn't be the national security advisor. He's

(01:22:29):
just lost his job because he lost his secret documents
at a hotel room. Who just left them in there? Anyway?
That got out to the media. Left his phone at
the Hungarian embassy, you know, with a lot of secrets
on it, and left his notebook at a radio interview.
So there you go. That is not the kind of

(01:22:51):
guy you want running your national security agencies. And he
no longer is NEWSTALKSB.

Speaker 4 (01:22:55):
Whether it's macro micro or just playing economics.

Speaker 1 (01:22:59):
It's small on the business hours with Ryan Bridge called Newstalks.

Speaker 3 (01:23:04):
Twenty five Good Evening twenty five away from seven on NEWSTALKSIDB.
There's a booking dot com survey being done. They look
at the reviews that people have done on different accommodations
that they've got all around the world, and they come

(01:23:26):
up with a list of the most welcoming cities. Now,
how you determine a most welcoming city? I'm a little
dubious anyway, where on the weld Topua is on the list.
So there's a beautiful little place in the heart of
Sri Lanka's cultural triangle in the place called Sigeria in
Sri Lanka that's on the list. There is a picturesque

(01:23:48):
town in the south of Spain called Ghazola that's on
the list. Chester in the northwest of England is on
the list, and then Tampo, New Zealand is on the list.
And I don't mean to scoff it because Topol is
a beautiful place and it's surrounded by such natural beauty.
But I think we forget about that, don't we when
we live here and we just go, oh, that's Taupo.

(01:24:09):
We drive through it to get to Wellington, do you
know what I mean? But actually it is a world class, fantastic,
beautiful place to go and visit. But I just wonder
about this particular survey. So it's what they've done is
ranked the reviews from people's accommodation offerings. So most of
the accommodations like the one that they've mentioned for Topul,

(01:24:31):
and congratulations to them. Acasia Cliffs Lodge has been given
a name check by Booking dot Com in their list.
But most of these accommodations are five star. There's nothing
wrong with that, and well done to everyone who's on
the list, But aren't all five star hotels kind of welcoming,
you know, like if you pay enough money, people will

(01:24:52):
smile at you. You know what I mean? Is this
I don't know. I'm just wondering if this is a
really legit thing. I would like to see the most
welcoming motel sixes in the world, you know, or like,
or just the most welcoming roadside motels maybe, and then
I would have perhaps pay a little more interest. Congratulations
to those who are on the listen good on your

(01:25:12):
topo for getting on their twenty three away from seven
Brian Bridge. Working people are concerned about insecurity and work
housing health. This according to the latest Mood of the
Workforce survey. This is the CTU, the Council of Trade Unions.
They've pold nineteen hundred of their own members in response
to the heralds Mood of the Boardroom survey that looks
to talk to CEOs. Respondents were in support of a

(01:25:36):
capital gains tax, no surprise, they are, I suppose for
unions and they were concerned with the direction the government
is taking us in. The CTU President Richard Wagstaff is
with me. Good evening, good evening, Ryan, anything surprised you
about this these results?

Speaker 9 (01:25:52):
I think what was surprising was just how much people
have shifted in the last twelve months. This has done
every year at the beginning of the year, and you know,
we know it's been pretty hard for working people for
quite some time now with the cost of living crisis
and other issues, rent and so forth. And a year ago,
of course that experienced a month of this government, and

(01:26:14):
now they've experienced just over a year of this government.
And while there was not a lot of optimism given
the changes to the fair pay agreements, ninety day trials
and you know, saying it's going to be tough, what
you see coming through this curve is much more an
experience of being unemployed or being insecure in terms of
your not just your job, but your housing and your health.

(01:26:36):
As you said in the introduction, so.

Speaker 3 (01:26:39):
Does this include people who've lost their jobs? Because would
you You wouldn't be a member anymore, would you if
you lost your job?

Speaker 9 (01:26:45):
This is a survey taken from our database. Just as
you say, mood of the boardroom and business confidence. These
are basically people who are on our database, so many
of them may have had a job earlier, but they
no longer have. What's also come through it, of course,
is people who have remained at work are talking their
jobs getting bigger because there's fewer people to do them,
and also being leaft there when they've had colleagues who

(01:27:06):
have left. And here some of the respondents have been
pretty difficult to read because I've talked about that sense
of not wanting to sort of raise his shoes or
raisor shoes either at work or in their accommodation because
they feel so insecure and they know that there's there
there's plenty of people out there who want their job
or their house if they aren't put to hit up.

Speaker 13 (01:27:25):
It's tough.

Speaker 9 (01:27:25):
It's a vulnerable position.

Speaker 3 (01:27:28):
And interestingly, Winston Peters did quite well in this survey.

Speaker 9 (01:27:32):
Well he did relative the last time, that's right. He
came up a bit but which was interesting to see.
But unfortunately for the government, nor that the Prime Minister,
the Minister of Growth or Finance, nor the Minister of
Workplaced Relations or the leader of the party did very
well at all. They were hammered really the vast majority
of people thinking they're not doing a good job. And
I think you know what came through is the sense

(01:27:53):
of they're not working for us. They seem to be
accommodating and interests of big business, of lobbyists, of tobacco companies,
of you know, doing tax reform for people who aren't us,
and what about us. We're working people and we need
a better we need a better a fair system here,
and we're not getting it.

Speaker 3 (01:28:08):
Is there disappointment in labor for the you know, first
of all, what they did to the economy to get
us here in the first place, but also their move
away from workers towards I didn't even know what they
became towards the end there, but there was a sense
that they had a kind of lost touch with the worker.

Speaker 9 (01:28:28):
Well that this survey is about, you know, how people
are feeling right now with the current government. I think
that this survey is a wake up call for all politicians.
Working people think their bread and butter issues are important.
They want good jobs, they want employment security, they want
a future, and really we agree strongly with them, of course,
the Trade Union Council council trade unions, but we want

(01:28:49):
to see that too. We want to see political parties
owning the problems of working people and understanding that they
are very crucial in terms of the future of this
country and they need to be they need to be understood.
And you know, in security is not good for anybody.
We need people to be confident about the future and
investing in it, not leaving town or leaving country for
greener pastures.

Speaker 3 (01:29:08):
Richard, thank you for that. Richard Wagstaff, the Council of
Trained Union's president, with us on the mood of the workforce,
which was set up to as a kind of counter
to the mood of the boardroom from the Herald just
gone nineteen minutes away from seven. Lots of your feedback
coming in. Hey, Richard, I'm an employee and I've paid
my employees regularly throughout the recession. But times are tough,

(01:29:29):
so I haven't paid myself. So I sympathize with your members,
But how about you sympathize with us? Interesting, isn't it.
Lots of feedback coming in on the views of workers
and unions. We'll get some of that run after this
eighteen to seven.

Speaker 1 (01:29:43):
Everything from SMEs to the big corporates of the Business
Hour with Ryan Bridge on News Talks EDB.

Speaker 3 (01:29:52):
It is quarter to seven News Talks EDB. Lots of
your texts coming in saying that the CTU is aligned
with the Labor Party, and that's douve that we just
spoke about was done of their members, and we did
mention that at the top of the interview. Actually, but
I still think it's interesting to hear, you know, because
one of the things that I do worry about. You know,
Donald Trump is in power in the United States and

(01:30:14):
he's being Donald Trump. Remember last time that happened, how
the world reacted to that. I mean, it almost gave
rise to the international star. That was just Cinda ra Dun.
She was like the antidote to Donald Trump. And things
swing too far one way and then they swing too
far the other way, and depending on which side of

(01:30:36):
the political divide you sit, you won't like one of
those reactions, right. So I do think it's important that
no matter how far in your direction the world might
be heading, we still take time to listen to the
other side. I mean, crazy as it may sound, such
a novel idea, but maybe we have an air for

(01:30:58):
the other side too. Ninetien nine TiO was the number
to text, and I'll get to some of you. I
promised I would, But before the end of the show
some of you will Speed camera and Baslaine camera stories,
because they're quite good. Right now though, we're going to
our UK correspondent in the Brady who's with us in
the good evening.

Speaker 13 (01:31:17):
Hey, Ryan, good to speak to you again, Great.

Speaker 3 (01:31:19):
To speak to you. Charles has made history with his
Auschwitz visit.

Speaker 13 (01:31:24):
Yes he has. He has been a longstanding friend of
the Jewish community, not just in the UK but worldwide,
and he has always attended Holocaust events in London. He
has forged long friendships from many many years with survivors
and the opportunity came to be in Auschwitz on the
Atheist anniversary of the Liberation of Auschwitz, and the King

(01:31:46):
took it. So he went and he visited, and very
very solemn visits of course, and he did his speech
and he just he was quite moved to tears actually,
so his picture is all over the front pages here today.
But this is something that Charles is very passionate about,
preaching about anti Semitism and just the dangers of where

(01:32:07):
the world is heading at the moment, with so much
hatred everywhere online and in person, and Charles just felt
that was the right thing to do. So while he
was in Auschwitz. William and cap were actually in London
with Holocaust survivors from based in the UK at a
memorial event here as well. So quite a powerful display
of solidarity really from the royal family.

Speaker 3 (01:32:27):
It sounds like it just stop oil, I mean just
stop through period, but just top oil. The protesters are
backheaded in London. What are they doing now in that so.

Speaker 13 (01:32:39):
Would you believe it? Sigourney Weaver is here, world class talent,
and she has wanted to perform The Tempest to play
for a very long time, and last night was her opportunity.
And there is a line in the play apparently that
says come forth. She uttered that and right on que
stepped forward out of the out up onto the stage,

(01:33:01):
which she hadn't planned or taught about, or didn't even
know was going to happen. Come forth. Indeed, two protesters
from just Stop Oil. So they unfurled a banner, they
gave a speech, and then they were very quickly bundled off.
Sigourney Weaver was immediately a move from the stage and
the play was paused and the audience some people cheered

(01:33:21):
and a lot of people booed. They were bundled out
and they released statements online saying that one of them
is a university lecturer from Nottingham and she says that
she just simply can't stand by anymore while the world
burns and leaders do nothing. But there you go, they
got their publicity. But yeah, last night in that theater, I.

Speaker 3 (01:33:43):
Just find you know, I don't have a problem with
those causes. I just find that the at arrogance of
them insufferable. You know who people paid good money to
go and say, Sigourney, we would come to London do
the tempest. And for them to think they can just
get up there and interrupt the show and have this say,
I just think it's so arrogant. Anyway.

Speaker 13 (01:34:03):
Yeah, what I was shocked about Ryan, to be honest,
was last year when they started blocking roads in London
and ambulances were held up.

Speaker 3 (01:34:10):
That was I thought that was really poor. Yeah. How
the Energy Secretary in the UK is hiring a staff photographer,
which is raising eyebrows. Why is it?

Speaker 13 (01:34:21):
Well, the salary is eighty two thousand dollars a year
to be a vanasy photographer. So this was a trend
started in the Boris Johnson years.

Speaker 9 (01:34:30):
You won't be.

Speaker 13 (01:34:31):
Surprised to hear other politicians have decided the taxpayer's cash
is there to be used for this. Now, Ed Milliband,
he is Energy Secretary in the UK government, so he
sits in cabinet. Now it's interesting that he wants his
own vanity photographer to make every trip look amazing because
ten years ago, when he was Labor leader himself, he
was on the campaign trail and you may or may

(01:34:53):
not remember this, he famously ate a bacon sandwich and
he was really struggling with it. Photographer got the picture
and the tabloid newspaper putting on the front page the
next day saying save our bacon, and they basically said
that you know, this guy can't eat a bacon sandwich.
If you can't manage his lunch, how's he going to
manage a country. And the picture, the face he was making,

(01:35:14):
they compared him to Wallace from Wallace and Grummus back then.
So now he wants his own vanity photographer to make
sure that every picture just makes him look you out,
like he's some Instagram model.

Speaker 3 (01:35:26):
But there we are a lot of vibrows.

Speaker 13 (01:35:27):
Raised eighty two thousand dollars of taxpayers cash, So pretty
nice gig for a photographer.

Speaker 3 (01:35:33):
Have you converted that into New Zealand dollars for us?
You know what are you talking about?

Speaker 4 (01:35:37):
Yes?

Speaker 13 (01:35:37):
I have no, yeah, no, no, that's Enzen dollars eighty
two k in zat Yeah.

Speaker 3 (01:35:41):
Goodness me all right, thanks very much to that. Great
to talk. As always in the Bradys a UK Correspondent,
it's ten to seven news Talks. It'd be whether it's.

Speaker 4 (01:35:50):
Micro microbe or just playing economics. It's all on the Business.

Speaker 1 (01:35:54):
Hour with hither duplicy Ellen and as Insurance ended its
screw your wealth to protect your future News.

Speaker 4 (01:36:01):
Talks v.

Speaker 3 (01:36:04):
It is seven to seven News TALKSVB. In Wellington. This
is now the Wellington Regional Hospital in Newtown. For those
who know it, there's a new camera in town and
it's getting you nabbing you if you go on the
new bus lane. They've managed to raise two hundred and
ten thousand dollars in the space of a month. Fifteen
hundred people have been nabbed. I personally don't believe that

(01:36:30):
those fifteen hundred people did that on purpose, because it's
one hundred and fifty dollars five that's a lot of money.
No one wants to pay it. The problem, in my
mind is is the signage. The signage is either too small,
poorly placed, or just confusing. Confusing people and a lot
of you have been texting in with your stories about
bus lanes and the cameras, et cetera. Rind, my car

(01:36:51):
broke down in a bus lane. Poor you all Contraantsport
charged me one hundred and fifty dollars on it as
an infringement and I have to threaten to take to
court before they would back down and cancel it. Well,
you shouldn't have to threaten people to take people to
court for something like that to happen. Surely you just
show them your mechanic bill and it's all done with. Ryan.
Try the speed camera on Hillsborough Road. This is in Auckland.

(01:37:14):
I've picked up more than one thousand dollars in fines
in the last six months. I think it's faulty. Ryan,
you're very right. What about the trap that is Queen
Street where you're just one block, For just one block,
you can't drive down at millions of signs, but only
as you enter the block do they tell you the
time limits. By that time it's too late. It's entrapment

(01:37:35):
and revenue raising. I agree with that they are trapping us.
They are essentially holding us hostage in our own vehicles,
and then they have the audacity to turn around and
charge us for the privilege they send you. They send
you a fine in the mail. I mean it's infuriating. Anyway.

(01:37:56):
Five to seven News Talk said b cry and Bridge,
and so what are we going out to? Have you
ever had one of those bus lane fines?

Speaker 18 (01:38:03):
And I'm the wrong person to ask, Grime because I'm
the one on the bus. So I'm just sitting out there.
I'm like, get out of my bus lane.

Speaker 2 (01:38:10):
I'm late for work. This sucks.

Speaker 3 (01:38:11):
You're the problem. No, you're the problem. Well argue it, tho.

Speaker 18 (01:38:15):
I was gonna say. The only one I can speak
of first time experience is those signs on Queen Street,
and those ones are very confusing. They are Toto Africa
is a playoffs out tonight, Toto are coming to New Zealand.
They're going to be playing three shows here in April.
There'll be one in Auckland at Spark Arena on April
the twenty third, then one in Wellington the tesp Arena
the next day, and then on the April the twenty sixth,
there'll be a show in christ Church.

Speaker 3 (01:38:36):
Fantastic. Take you out to Toto. Thanks for listening everyone,
Thanks for all of your feedback, see you tomorrows.

Speaker 15 (01:39:00):
Down in the Beg, I'm just.

Speaker 22 (01:39:04):
Gray down in that. I just prays down in end God.
I just prays down Inta takes the time to do
the things you never.

Speaker 4 (01:40:18):
For more from Hither Duplessy Alan Drive.

Speaker 1 (01:40:20):
Listen live to news talks it'd be from four pm weekdays,
or follow the podcast on iHeartRadio.

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