January 22, 2025 • 9 mins
Tonight on The Huddle, Tim Wilson from Maxim Institute and Jack Tame from ZB's Saturday Mornings and Q&A joined in on a discussion about the following issues of the day - and more!
The CEO of surveillance network Auror explained the new technology used to stop shoplifters in their tracks after the latest Golriz Ghahraman incident. Is this a step too far - or a necessary measure to combat retail crime?
According to new reports, domestic inflation is still on the sticky side - what can this mean for the rest of the year?
New data out of the UK reveals a concerning amount of Gen Z doesn't know how to do simple DIY tasks - and have turned to professionals to change their lightbulbs. What do we make of this?
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Huddle with New Zealand Southerby's International Realty, local and
global exposure like no other.
Speaker 2 (00:07):
And on the Huddle today, Jack Tavin, Tim Wilson, gentlemen.
Speaker 3 (00:10):
Hello, grieving. I didn't do my own internet, so I
hope you can hear.
Speaker 2 (00:15):
Me a Jack, are you there? Jack is muted?
Speaker 3 (00:21):
Oh no, you know what He's done his own Internet,
just like Peter wolf Camp.
Speaker 2 (00:26):
Okay, it's the DIY plague. Okay, Jack, you have to
take yourself off mute mate. Good luck? Now, God, this
is like teams meetings gone terribly wrong.
Speaker 4 (00:37):
How am I the millennial, the one struggling with it?
How it's better to leave oneself on mutant and to
leave oneself on speaker Well, the inadvertently sheer thoughts on
one's colleagues when it is very.
Speaker 2 (00:51):
Good the other way around. We'll talking about the DIY later.
I was so tempting to talk about it right now
and to make fun of Jack, but we won't. But
here's the thing. We just talked to Aura, We talked
to Phil Thompson and the surveillance that is happening with
people in retail shops. Some people freak out about that
sort of thing. A little bit, are you, Tim Wilson concerned?
Speaker 3 (01:10):
No, No, it seems like sort of speed cameras for shoplifters,
if you want to put it that way, and please
get to see see evidence of people nicking stuff. I
don't see that there's a problem here, you know, I'm
not even not even sure why why we're saying, oh,
there is a problem. I think a good discussion, good
interview you had with Phil Thompson about you know, the
constraints around at privacies. Obviously an issue as we're moving
(01:32):
towards you know, greatest surveillance. But I think what we're
doing here is connecting actions to consequences, which is a
good thing. If there are fewer consequences to actions than
our actions degreat.
Speaker 2 (01:43):
What do you think, Jack, And by the way, I've
got a text from a fellow who said, oh boy,
I hate the idea of face recognition everywhere. I still
wear an m muety five mask outside all over the
place because of that. You know, so that there are
people's according.
Speaker 4 (01:56):
To Rocks right apart the lester not to Yeah, okay, okay,
each to their own. Look, I have absolutely no problem
with the system. Obviously, retail crime is a major issue
having cameras operating in these big retail spaces. It's just
part of life in the twenty first century. And as
this comes as any great surprise, then you've had your
hid in the sands. As far as I'm concerned, I
(02:16):
think there are probably legitimate questions and appropriate scrutiny that
needs to come with those who are accessing the information.
And you know, in some instances, if they are police
who are deciding to pursue investigations when a complaint hasn't
been made, that sort of sort of thing sounds like
it might be putting things the wrong way around. But yeah,
(02:38):
by and large, I have absolutely no problem with it,
and I think, you know, if this is the sort
of thing that can help police get better data on
where we're seeing surges and retail crime, and where responses
to retail crime is more effective than other neighborhoods, then
that's great.
Speaker 2 (02:52):
Very good. Thank you so much, so good that you
are a mutant. Will talk more in just a few
moments time with Tim Wilson and Jack tam We're going
to talk inflation. We're going to talk do you worry?
Speaker 1 (03:02):
The huddle with New Zealand Southeby's International Realty Elevate the
Marketing of your Home.
Speaker 2 (03:08):
It is thirteen to eight to Wilson and Jack Tamer
on the huddle. The big story of the day, of course,
the inflation. It's stayed stuck. It's at two point two percent,
but once again non treadable inflation on what they call
domestic inflation remains high, and that's insurance premiums and rents
and council rates, and they're still rising at a much
much higher rate and always have than average inflation. So gentlemen,
(03:30):
and I'll start with you, Jack Tame, what do you
make of the inflation figures? And you know, are we
really fixing ourselves up or are we still stuck at
a spiral?
Speaker 4 (03:38):
Ah, it's frustrating. I mean they're not wildly higher than
what most endalysts we're picking, but obviously you always want
inflation to be on the lower side if you're hoping
the mortgage rates can be coming down a little bit faster.
I mean it's really interesting though, looking at those parts
that are proving stickier than others, right, insurance premiums, like
you say, local council rates. I mean, these things are
(03:59):
own going to get worse, and you know, part of
that as a result of not having properly invested in
some of our vital infrastructure over the decades. You know,
there's a reason that councils are trying to play catch
up when it comes to water infrastructure. At the moment,
they're obviously new regulations they've got to meet when they're
providing the three Waters at to New Zealanders going forward,
(04:20):
that's going to be pretty expensive. And insurance, I mean,
I hate to break it to you, but we're obviously
moving into a world where we're going to see more
and more extreme weather events, which means that actually insurance
premiums are only going to be headed in one direction.
And when it comes to inflation data, there are only
really two ways to look at this. Either we just
have to accept this is going to be a part
of inflation data going forward, which seems like the like list,
(04:42):
or there is an argument that you could strip it
out of the inflation measures when it comes to something
like the CPI, so that you can have a CPR
that doesn't actually take into account some of those some
of those measures and maybe gives us a lower rate.
But I mean, at the end of the day, it's
still costing us.
Speaker 2 (04:57):
Yeah, why would you do that, because that's just ignoring reality.
This is all inflation in one way or another.
Speaker 3 (05:02):
Ten Tim, Yeah, I guess it's I mean, I think
it's interesting, an interesting diagnostic, but it's sort of like,
you know, you're agreeable in inflation, you're disagreeable inflation if
you stripped it out. Look, I think this there's ways
that you can respond to this stuff, you know, on
a personal level, like insurance. Our car insurance went up
by twenty five percent last year. We just went we
(05:24):
found someone else to do it. So there are you know,
there are measures. Look at the inflation in Argentina, for example,
in twenty twenty three, it was two hundred and twenty
four percent. They got it down over the next thirteen months.
This this month that's one hundred and seventeen percent, which
is pretty significant. It's just very simple, don't borrow, don't
(05:46):
spend what you don't have, and increased productivity. That latter
part that productivity. That's a big question for our country
going forward.
Speaker 2 (05:52):
Absolutely, absolutely, But you've got to remember there's a political
thing in this as well, because at the end of
the year, the Prime Minister and the finance minister were
hooping and haurrahring that look at this, we've actually tamed inflation.
And then today you get it out and the economist
are saying, well, look the dollar's goning down and the
oil is going up, and there's a whole lot of
overseas factors and yeah, inflation might accelerate. So it comes
(06:14):
to whether their credibility exists in terms of economic management,
and that they've said it's gone when it hasn't gone. Jack.
Speaker 4 (06:23):
Yeah. I mean when it comes to the central government,
there are only so many levers any one government can pull,
and I mean I think I think you'd have to
say that this government has pulled a lot of the
levers that are available to it. I mean, whether or
not the tax cuts for inflationy or not maybe a
point of contention for some people, but I mean they've
certainly stripped back a lot of public spending to where
(06:43):
we were previously, which you would all would have a
de inflation of effect.
Speaker 3 (06:48):
Yeah, although there are a bit austerity averse, aren't they.
I mean, to be fair, they've said austerity is not
going to work, and maybe maybe they need to incline.
Speaker 4 (06:55):
More into growth. If growth is the goal, then then
austerity perhaps it isn't likely to work.
Speaker 2 (07:02):
But at the end of the day, New Zealand is.
Speaker 4 (07:04):
At the end of the road. We are just we
are very much in the in the backseat of the
bus in terms of global affairs. So you know, when
you go over a bump, we get thrown their just
a little bit higher than everyone else, which means you
are susceptible to things like energy prices and to be fair,
you know, and new administrations who are looking at.
Speaker 2 (07:21):
Tariffs to be Fairtom Wilson as well, if we've had
austerity light it's fair to say the electric hasn't like
even that. So if we actually went his full ofcerity,
that's not good. If you actually lose a fall.
Speaker 4 (07:35):
Terms of Argentina example, go and look at the copy
rates in Argentina over the last couple of years. True,
inflation is massively down compared to where it was, but
I think you'll find that unemployment is massively up.
Speaker 3 (07:47):
I was trying to cheer us up. At least we
don't have one hundred and sevent inflation, So.
Speaker 2 (07:51):
No, that's true, that's true. And also we don't have
a dead to equity ratio of two hundred and sixty
three percent late Japan. So there we go. There's is
a good pick me up. Let's talk about Let's talk
about DIY. Jack. I know you don't know how to
use a mute button, but I'd expect you to be
quite good at DIY since you're you're a keen tramper.
You're always tramping.
Speaker 4 (08:11):
Do you know of the many things that I suck at?
There are a few. Maybe painting is the only thing
that I'm worse that than DIY or anything sort of
arts and crafty. That being said, Andrew, if you go
into your email right now, you'll be pleased to know
that I've been spending my afternoon off hanging a couple
of oak floating shelves. And the thing about your oat
shelf is it's a little bit heavier than others and
(08:32):
so when you're hanging it in plaster board, you need
to use those plaster board anchors, which can be very fidly.
And I think if you will go into your email,
you have a look at that photo and you should
be able to atteach will those.
Speaker 2 (08:42):
Are at least excited.
Speaker 4 (08:45):
They look gelatively.
Speaker 3 (08:47):
Even jacka started speaking a foreign language can you translate
for me.
Speaker 2 (08:52):
Well, he's using the hooks in the plastic board, but
he could have actually looked for some joye so he
actually got a more concrete fixture, but he hasn't he's
using tech man.
Speaker 4 (09:01):
No, I've got an old house of the joys are
the wrong the wrong height.
Speaker 2 (09:04):
There we go, so why I mean.
Speaker 4 (09:07):
You can judge it my wife. My wife's opinion is
the one probably gonna matter. I have to call it
again tomorrow and say we've had we've had to go
for the higher Harby.
Speaker 2 (09:15):
You know. Well, now we can all sit there and
say we are the older generation and what's wrong with
the younger generation, which every older generation has always said
about the younger generation? And Jack and Tim, I thank
you for your time today.
Speaker 1 (09:26):
For more from Hither Duplessy Allen Drive, listen live to
news Talks it'd be from four pm weekdays, or follow
the podcast on iHeartRadio
The Huddle with New Zealand Southerby's International Realty, local and
global exposure like no other.
Speaker 2 (00:07):
And on the Huddle today, Jack Tavin, Tim Wilson, gentlemen.
Speaker 3 (00:10):
Hello, grieving. I didn't do my own internet, so I
hope you can hear.
Speaker 2 (00:15):
Me a Jack, are you there? Jack is muted?
Speaker 3 (00:21):
Oh no, you know what He's done his own Internet,
just like Peter wolf Camp.
Speaker 2 (00:26):
Okay, it's the DIY plague. Okay, Jack, you have to
take yourself off mute mate. Good luck? Now, God, this
is like teams meetings gone terribly wrong.
Speaker 4 (00:37):
How am I the millennial, the one struggling with it?
How it's better to leave oneself on mutant and to
leave oneself on speaker Well, the inadvertently sheer thoughts on
one's colleagues when it is very.
Speaker 2 (00:51):
Good the other way around. We'll talking about the DIY later.
I was so tempting to talk about it right now
and to make fun of Jack, but we won't. But
here's the thing. We just talked to Aura, We talked
to Phil Thompson and the surveillance that is happening with
people in retail shops. Some people freak out about that
sort of thing. A little bit, are you, Tim Wilson concerned?
Speaker 3 (01:10):
No, No, it seems like sort of speed cameras for shoplifters,
if you want to put it that way, and please
get to see see evidence of people nicking stuff. I
don't see that there's a problem here, you know, I'm
not even not even sure why why we're saying, oh,
there is a problem. I think a good discussion, good
interview you had with Phil Thompson about you know, the
constraints around at privacies. Obviously an issue as we're moving
(01:32):
towards you know, greatest surveillance. But I think what we're
doing here is connecting actions to consequences, which is a
good thing. If there are fewer consequences to actions than
our actions degreat.
Speaker 2 (01:43):
What do you think, Jack, And by the way, I've
got a text from a fellow who said, oh boy,
I hate the idea of face recognition everywhere. I still
wear an m muety five mask outside all over the
place because of that. You know, so that there are
people's according.
Speaker 4 (01:56):
To Rocks right apart the lester not to Yeah, okay, okay,
each to their own. Look, I have absolutely no problem
with the system. Obviously, retail crime is a major issue
having cameras operating in these big retail spaces. It's just
part of life in the twenty first century. And as
this comes as any great surprise, then you've had your
hid in the sands. As far as I'm concerned, I
(02:16):
think there are probably legitimate questions and appropriate scrutiny that
needs to come with those who are accessing the information.
And you know, in some instances, if they are police
who are deciding to pursue investigations when a complaint hasn't
been made, that sort of sort of thing sounds like
it might be putting things the wrong way around. But yeah,
(02:38):
by and large, I have absolutely no problem with it,
and I think, you know, if this is the sort
of thing that can help police get better data on
where we're seeing surges and retail crime, and where responses
to retail crime is more effective than other neighborhoods, then
that's great.
Speaker 2 (02:52):
Very good. Thank you so much, so good that you
are a mutant. Will talk more in just a few
moments time with Tim Wilson and Jack tam We're going
to talk inflation. We're going to talk do you worry?
Speaker 1 (03:02):
The huddle with New Zealand Southeby's International Realty Elevate the
Marketing of your Home.
Speaker 2 (03:08):
It is thirteen to eight to Wilson and Jack Tamer
on the huddle. The big story of the day, of course,
the inflation. It's stayed stuck. It's at two point two percent,
but once again non treadable inflation on what they call
domestic inflation remains high, and that's insurance premiums and rents
and council rates, and they're still rising at a much
much higher rate and always have than average inflation. So gentlemen,
(03:30):
and I'll start with you, Jack Tame, what do you
make of the inflation figures? And you know, are we
really fixing ourselves up or are we still stuck at
a spiral?
Speaker 4 (03:38):
Ah, it's frustrating. I mean they're not wildly higher than
what most endalysts we're picking, but obviously you always want
inflation to be on the lower side if you're hoping
the mortgage rates can be coming down a little bit faster.
I mean it's really interesting though, looking at those parts
that are proving stickier than others, right, insurance premiums, like
you say, local council rates. I mean, these things are
(03:59):
own going to get worse, and you know, part of
that as a result of not having properly invested in
some of our vital infrastructure over the decades. You know,
there's a reason that councils are trying to play catch
up when it comes to water infrastructure. At the moment,
they're obviously new regulations they've got to meet when they're
providing the three Waters at to New Zealanders going forward,
(04:20):
that's going to be pretty expensive. And insurance, I mean,
I hate to break it to you, but we're obviously
moving into a world where we're going to see more
and more extreme weather events, which means that actually insurance
premiums are only going to be headed in one direction.
And when it comes to inflation data, there are only
really two ways to look at this. Either we just
have to accept this is going to be a part
of inflation data going forward, which seems like the like list,
(04:42):
or there is an argument that you could strip it
out of the inflation measures when it comes to something
like the CPI, so that you can have a CPR
that doesn't actually take into account some of those some
of those measures and maybe gives us a lower rate.
But I mean, at the end of the day, it's
still costing us.
Speaker 2 (04:57):
Yeah, why would you do that, because that's just ignoring reality.
This is all inflation in one way or another.
Speaker 3 (05:02):
Ten Tim, Yeah, I guess it's I mean, I think
it's interesting, an interesting diagnostic, but it's sort of like,
you know, you're agreeable in inflation, you're disagreeable inflation if
you stripped it out. Look, I think this there's ways
that you can respond to this stuff, you know, on
a personal level, like insurance. Our car insurance went up
by twenty five percent last year. We just went we
(05:24):
found someone else to do it. So there are you know,
there are measures. Look at the inflation in Argentina, for example,
in twenty twenty three, it was two hundred and twenty
four percent. They got it down over the next thirteen months.
This this month that's one hundred and seventeen percent, which
is pretty significant. It's just very simple, don't borrow, don't
(05:46):
spend what you don't have, and increased productivity. That latter
part that productivity. That's a big question for our country
going forward.
Speaker 2 (05:52):
Absolutely, absolutely, But you've got to remember there's a political
thing in this as well, because at the end of
the year, the Prime Minister and the finance minister were
hooping and haurrahring that look at this, we've actually tamed inflation.
And then today you get it out and the economist
are saying, well, look the dollar's goning down and the
oil is going up, and there's a whole lot of
overseas factors and yeah, inflation might accelerate. So it comes
(06:14):
to whether their credibility exists in terms of economic management,
and that they've said it's gone when it hasn't gone. Jack.
Speaker 4 (06:23):
Yeah. I mean when it comes to the central government,
there are only so many levers any one government can pull,
and I mean I think I think you'd have to
say that this government has pulled a lot of the
levers that are available to it. I mean, whether or
not the tax cuts for inflationy or not maybe a
point of contention for some people, but I mean they've
certainly stripped back a lot of public spending to where
(06:43):
we were previously, which you would all would have a
de inflation of effect.
Speaker 3 (06:48):
Yeah, although there are a bit austerity averse, aren't they.
I mean, to be fair, they've said austerity is not
going to work, and maybe maybe they need to incline.
Speaker 4 (06:55):
More into growth. If growth is the goal, then then
austerity perhaps it isn't likely to work.
Speaker 2 (07:02):
But at the end of the day, New Zealand is.
Speaker 4 (07:04):
At the end of the road. We are just we
are very much in the in the backseat of the
bus in terms of global affairs. So you know, when
you go over a bump, we get thrown their just
a little bit higher than everyone else, which means you
are susceptible to things like energy prices and to be fair,
you know, and new administrations who are looking at.
Speaker 2 (07:21):
Tariffs to be Fairtom Wilson as well, if we've had
austerity light it's fair to say the electric hasn't like
even that. So if we actually went his full ofcerity,
that's not good. If you actually lose a fall.
Speaker 4 (07:35):
Terms of Argentina example, go and look at the copy
rates in Argentina over the last couple of years. True,
inflation is massively down compared to where it was, but
I think you'll find that unemployment is massively up.
Speaker 3 (07:47):
I was trying to cheer us up. At least we
don't have one hundred and sevent inflation, So.
Speaker 2 (07:51):
No, that's true, that's true. And also we don't have
a dead to equity ratio of two hundred and sixty
three percent late Japan. So there we go. There's is
a good pick me up. Let's talk about Let's talk
about DIY. Jack. I know you don't know how to
use a mute button, but I'd expect you to be
quite good at DIY since you're you're a keen tramper.
You're always tramping.
Speaker 4 (08:11):
Do you know of the many things that I suck at?
There are a few. Maybe painting is the only thing
that I'm worse that than DIY or anything sort of
arts and crafty. That being said, Andrew, if you go
into your email right now, you'll be pleased to know
that I've been spending my afternoon off hanging a couple
of oak floating shelves. And the thing about your oat
shelf is it's a little bit heavier than others and
(08:32):
so when you're hanging it in plaster board, you need
to use those plaster board anchors, which can be very fidly.
And I think if you will go into your email,
you have a look at that photo and you should
be able to atteach will those.
Speaker 2 (08:42):
Are at least excited.
Speaker 4 (08:45):
They look gelatively.
Speaker 3 (08:47):
Even jacka started speaking a foreign language can you translate
for me.
Speaker 2 (08:52):
Well, he's using the hooks in the plastic board, but
he could have actually looked for some joye so he
actually got a more concrete fixture, but he hasn't he's
using tech man.
Speaker 4 (09:01):
No, I've got an old house of the joys are
the wrong the wrong height.
Speaker 2 (09:04):
There we go, so why I mean.
Speaker 4 (09:07):
You can judge it my wife. My wife's opinion is
the one probably gonna matter. I have to call it
again tomorrow and say we've had we've had to go
for the higher Harby.
Speaker 2 (09:15):
You know. Well, now we can all sit there and
say we are the older generation and what's wrong with
the younger generation, which every older generation has always said
about the younger generation? And Jack and Tim, I thank
you for your time today.
Speaker 1 (09:26):
For more from Hither Duplessy Allen Drive, listen live to
news Talks it'd be from four pm weekdays, or follow
the podcast on iHeartRadio
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