September 24, 2024 • 3 mins
The Midday Edition of News Fix for 25 September 2024, straight from the Newstalk ZB newsroom - bringing you everything you need to know in news, politics, business, entertainment and sport.
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Episode Transcript
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Speaker 1 (00:04):
Good afternoon. I'm Malcolm Jordan and this is your midday
news fix for Wednesday, the twenty fifth of September. Our
reports found the toppling of a pylon that cut power
to Northland cost the region as much as eighty million dollars.
The Transpower tower fell north of Helensville after inexperienced cruise
removed bolts from three legs at once. The Electricity Authorities
(00:27):
report has found Northland lost between thirty seven point five
and eighty million dollars in economic activity. Thomas Rice reports.
Speaker 2 (00:35):
It's found a senior Transpower engineer raised concerns in twenty
twenty one about a knowledge gap in foundation work maintenance cruise,
but nothing was done. The report's twenty six recommendations include
improving maintenance processes and regular reporting of non compliance.
Speaker 1 (00:55):
Legislation reviving charter schools in New Zealand has passed into law.
The Labour lead coalition shut down the model in twenty eighteen,
which allows schools to be independently run with government funding.
Act leader and Associate Education Minister David Seymour told the
House the best knowledge can exist in the community, not
every insight into how to engage children and learning and
(01:17):
pass that knowledge from one generation to the next can
be found in the Ministry of Education. Fonterras delivered some
good news for farmers that's released its annual results. Business
reporter Michael Sergel runs through the numbers.
Speaker 3 (01:30):
The dairy giants returning a fifty five cent total dividend
for the past financial year and a final farm gate
price of seven dollars eighty three, its forecasting earnings of
forty to sixty cents per share for the current year,
and raising its forecast farm gate midpoint from eight dollars
fifty to nine dollars. Fonterra boss Miles Hull says global
dairy prices arising while international supply remains constrained.
Speaker 1 (01:53):
A show of support for a capital gains tax from
the boss of our biggest bank, A and Z chief
executive Tonia Watson, says she isn't jumping for joy about
the prospect, but its time has come. She says it
would be a fair way to tax people investing in
housing for capital gain, but Watson has told Arinz it
shouldn't be levied on unrealized gains and there will be
(02:16):
compliance costs.
Speaker 3 (02:17):
I did my dissertation on tax compliance costs. It's a
hard tax to comply with and I think we have
to be really alive to that.
Speaker 1 (02:23):
The Privacy Commissioner has revealed concern is growing about facial
recognition technology used in retail pack and Say and New
World owner Foodstuffs says during its six month trial about
one hundred and thirty serious incidents were prevented, But Privacy
Commissioner Michael Webster says his survey has found almost half
of kiwi's worry about the tech. He says people want
(02:46):
to feel safe at work or at chops.
Speaker 4 (02:48):
They want to be reassured by organizations, by businesses, by
government agency that when they are using new forms of
digital technology that they're being used in a way that
respects protects their privacy rate.
Speaker 1 (03:00):
Commercial fishing vessels are being given an extra three months
to meet requirements to install cameras to sport. Hummered alba Lawi,
the head of Saudi Arabia's at twenty thirty four World
Cup football bid, claims his country will welcome members of
the Rainbow community at the tournament. Red Bull head of
race strategy Will Courtney, has decided to leave the team
(03:23):
after fourteen years in the role. And join McLaren as
their sporting director. He's the third senior management member to
leave in the past five months. And New Zealand's domestic
T twenty cricket champions will be crowned at Wellington's Basin
Reserve this summer in the first weekend of February. I'm
Malcolm Jordan. That's your latest news fix. We'll be back
(03:43):
with the next update at five p m from the
newstalk ZB newsroom.
Good afternoon. I'm Malcolm Jordan and this is your midday
news fix for Wednesday, the twenty fifth of September. Our
reports found the toppling of a pylon that cut power
to Northland cost the region as much as eighty million dollars.
The Transpower tower fell north of Helensville after inexperienced cruise
removed bolts from three legs at once. The Electricity Authorities
(00:27):
report has found Northland lost between thirty seven point five
and eighty million dollars in economic activity. Thomas Rice reports.
Speaker 2 (00:35):
It's found a senior Transpower engineer raised concerns in twenty
twenty one about a knowledge gap in foundation work maintenance cruise,
but nothing was done. The report's twenty six recommendations include
improving maintenance processes and regular reporting of non compliance.
Speaker 1 (00:55):
Legislation reviving charter schools in New Zealand has passed into law.
The Labour lead coalition shut down the model in twenty eighteen,
which allows schools to be independently run with government funding.
Act leader and Associate Education Minister David Seymour told the
House the best knowledge can exist in the community, not
every insight into how to engage children and learning and
(01:17):
pass that knowledge from one generation to the next can
be found in the Ministry of Education. Fonterras delivered some
good news for farmers that's released its annual results. Business
reporter Michael Sergel runs through the numbers.
Speaker 3 (01:30):
The dairy giants returning a fifty five cent total dividend
for the past financial year and a final farm gate
price of seven dollars eighty three, its forecasting earnings of
forty to sixty cents per share for the current year,
and raising its forecast farm gate midpoint from eight dollars
fifty to nine dollars. Fonterra boss Miles Hull says global
dairy prices arising while international supply remains constrained.
Speaker 1 (01:53):
A show of support for a capital gains tax from
the boss of our biggest bank, A and Z chief
executive Tonia Watson, says she isn't jumping for joy about
the prospect, but its time has come. She says it
would be a fair way to tax people investing in
housing for capital gain, but Watson has told Arinz it
shouldn't be levied on unrealized gains and there will be
(02:16):
compliance costs.
Speaker 3 (02:17):
I did my dissertation on tax compliance costs. It's a
hard tax to comply with and I think we have
to be really alive to that.
Speaker 1 (02:23):
The Privacy Commissioner has revealed concern is growing about facial
recognition technology used in retail pack and Say and New
World owner Foodstuffs says during its six month trial about
one hundred and thirty serious incidents were prevented, But Privacy
Commissioner Michael Webster says his survey has found almost half
of kiwi's worry about the tech. He says people want
(02:46):
to feel safe at work or at chops.
Speaker 4 (02:48):
They want to be reassured by organizations, by businesses, by
government agency that when they are using new forms of
digital technology that they're being used in a way that
respects protects their privacy rate.
Speaker 1 (03:00):
Commercial fishing vessels are being given an extra three months
to meet requirements to install cameras to sport. Hummered alba Lawi,
the head of Saudi Arabia's at twenty thirty four World
Cup football bid, claims his country will welcome members of
the Rainbow community at the tournament. Red Bull head of
race strategy Will Courtney, has decided to leave the team
(03:23):
after fourteen years in the role. And join McLaren as
their sporting director. He's the third senior management member to
leave in the past five months. And New Zealand's domestic
T twenty cricket champions will be crowned at Wellington's Basin
Reserve this summer in the first weekend of February. I'm
Malcolm Jordan. That's your latest news fix. We'll be back
(03:43):
with the next update at five p m from the
newstalk ZB newsroom.
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