June 23, 2025 • 11 mins
THE BEST BITS IN A SILLIER PACKAGE (from Tuesday's Mike Hosking Breakfast) Or Returns. Or Something/That About Wraps it Up for Councils/Who Doesn't Love a Bilateral?/Petrol Is Made From Oil... Eventually/Please Don't Take My Temu
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Speaker 1 (00:09):
You're listening to a podcast from News Talk sed B.
Follow this and our wide range of podcasts now on
iHeartRadio The Rerap.
Speaker 2 (00:25):
Oh goody there, and welcome to the Rewrap for Tuesday,
all the best bets from the Mic Husking breakfast on
News Talks. He'd be in a sillier package. I am
Glen Harten today. I think we're done with counsels now,
aren't we? So I think we're getting rid of those.
That's good. What is Christopher Luckson actually doing in Europe?
(00:46):
If oil is cheaper today, how come petrol isn't? And
French laws against fast fashion as Mike four or against them.
But before any of that, it's part two of Hosking's
fight against acc. ACC strikes back or back against it
(01:09):
or the return or I don't know anyway.
Speaker 3 (01:12):
It's a sequel, part two of our ACC story that
we started yesterday, claims through the roof billions of dollars,
seven billion of them in fact, handed out each year
to a country that insists on falling over and spraining
and breaking things, a lot of it having nothing to
do with work. Thousands in the garden injuring themselves and
yet receiving money from a system that can't keep up
financially and then use yesterday that more troubles ahead. Only
(01:34):
one percent of the three point six billion that had
been set aside has been handed out to the thousands
upon thousands that they think will eventually claim in this
expanded set of measures, as decided a couple of years
ago by a court. So loss of potential earnings from
the time you were injured as opposed to from the
(01:56):
time you claimed or started treatment, Now that was the
court decision. This includes that our infamous sexual abuse. Of course,
it's just a view, it's an interpretation. But because it's
the Court of Appeals interpretation, the bill is Lord knows
what the three point six billion. That's a guess on
ACC's part as to what it could cost. Also a
(02:16):
guess as to how many people are going to be
claiming from the time of injury. Now think about that
the longer ago it was the money of the details.
Get who decides and how consistent is that decision making process,
to what extent is that process open to a challenge,
How long does that take, how many lawyers are involved?
It is the Pandora's box of boxes, and yet poor
(02:38):
old ACC are merely the recipients of that thinking. They
are the poor SAPs who have to put it into
place using money they almost certainly don't have. Nikola willis
you realize now calculates her expected to return to surplus
by not including these numbers, such as the gargantuan and
unpredictable nature of them. The acc Minister quite rightly is
working on law to rain some of this madness in.
(03:00):
As I said yesterday, like so many altruistic decisions, it
gets away with itself and before you know it, you're
handing out money to everyone and you're broke. Here's my idea,
call me simple. How about if you can't work, I e.
You can't earn, there's a scheme for you beyond that.
How about it's kind of on you. I mean, is
(03:21):
that really that radical? For goodness sake?
Speaker 2 (03:23):
Yeah, I think the Husk and I have padded ways
on this particular issue, just in that he's very much
in favor of a user pay system for everything. Let
the market decide all of that stuff. I don't think
he's really into any kind of socialist agenda, whereas I
(03:47):
tend to think it's nice, it'd be nice if we
had a better healthcare system that functions better and takes
care of more people than I don't know Americas, which
is where you start heading. But although as I say yesterday,
I'm also not into paying for mountain bikers rehab either,
because that always into and pieces the rewrap. And now
(04:12):
we're really sick of all these rate rises that were
great rises that were getting everywhere around the country. Should
we just get rid of the council and then there'd
be nobody to charge us them.
Speaker 3 (04:24):
So having looked at every council in the country and
depending rate rises, we're all going to have to pay
a couple of inescapable conclusions are to be drawn. One,
we need central government to cap rates. Two, we need
fewer councils if you were to roughly use inflation as
a guide, which is what they should be doing. Why
TOMO is the only council in the country, of all
the councils seventy plus of them, the only council in
(04:44):
the country to get under the wire at two point
nine three percent, So congratulations. Now, I'm sure every council
could and would mount an argument as to why whatever
it is they've come up with, whether it be the
twelve point nine percent in Taranaki or the fifteen point
five percent in Hamilton, is in some way, shape or
form justifiable. A lot of it will be historic, they
will tell you. In other words, of previous councils have
(05:04):
done their job and fiscally prudent. That work being undertaken
today would not be the current burden it is, but
a lot of it, if you were doge like or brutal,
would not in fact be needed at all. Councils have
become fifdoms. They have entered areas they have no business in.
But like so much in life, once you've ventured, there
is no turning back. Apart from the specific like the
(05:24):
Otto hung A nine point seven six or the Central
Otago twelve point four, you also have the more general impact.
In other words, you are adding cost to the economy.
You were charging fixed income folks. You don't have the money.
What you were doing is inflationary. None of us had
the ability to simply add more charges. We don't simply
get the pay rise we want, or up our hourly
(05:45):
rate to the poor sap with servicing. Life isn't like
that we cut our cloth. Could we buy more? Do more?
Spend more? Because we could, but we can't unless you're
a council. And even if a council, any council could say, oh,
look look at what all that money got. You look
at the gold plating and the shiny baubles and tens
of thousands who have flocked to our region because of
our expenditure. But they can't say that because none of
(06:06):
that's happened. Fifteen percent doesn't buy you utopia. It merely
sets you up for another fifteen percent next year. Because
councils know a sucker when they see one, so cap
those rates. Can those councils. It might well be the
most popular thing the central government does in three years.
Speaker 2 (06:20):
I mean, apart from anything. It's just the one best
thing that we have to vote for. And I don't
does anybody really enjoy voting. It's not really a pleasurable experience,
isn't it. So it would be good if we got
to do that. Lest rewrap Now, after all my socialism
talk at the beginning of the podcast, I'm going all
anti democratic there to walk back back somehow. Now, Luxon
(06:45):
is in the Northern hemisphere, having a lot of bilaterals,
you know, just have conversations, do you at that level.
It's a bilateral.
Speaker 3 (06:55):
Luxeon's met with vander Layine. I know, I know. Before
you go, get another cup of coffee. Here are the details,
what other detail? Nothing really happened was working through it here.
Discussions focused on warm and deepening the partnership. They discussed
the potential for closer cooperation, the bit of Teken innovation
(07:18):
talk New Zealand's entry into Horizon Europe. Horizon Europe is
about research and innovation. That would be if we get in,
we would be the first non neighbor country to join.
So I suppose that's something good. They welcomed future cooperation
on digital technologies including digital identity, digital business, Wallace initiatives,
et cetera. So clearly he's filling time until Trump arrives.
Imagine if he gets a pullicide with Trump and Albanesi,
(07:40):
who hasn't gone. There's something weird going on with Albanzi.
He yesterday watches press conference yesterday, that guy was so
not interested in talking about the war, any war. You've
never seen a guy less interested in talking about war
or Trump or NATO or going anywhere. So he's not
going to NATO. Miles is but of lax and gets
a pulicide with Trump. I guess who wins on the
old diplomatic front there.
Speaker 2 (08:01):
You don't know why they have these funny phrases by
later and the pullicide that's another one, isn't it, which
I always think it sounds like something that you It
sounds like something from a porno movie. Pull aside. I'm
not comfortable about international diplomacy at all. The rewrapped, right,
(08:22):
So trouble in the Middle East continued today, got more
trouble even and yet oil got cheap a not more expensive,
which a lot of people, including our news room, didn't
see coming.
Speaker 3 (08:40):
Mike, if oil prices have dropped overnight, why have z
and Taranaki price has gone up?
Speaker 4 (08:47):
Right?
Speaker 3 (08:47):
One more time on the oil. So when you ask
me when the oil price drops overnight wide, isn't reflected
your Bowser and Taranaki. The answer is because oil is
but one component in the overall cost of what you
pay at a retail level. What you really should be
looking at, and we've said this many times on the program,
is the cost of the refined product refined product, not
the cost of the the refined product as it arrives
(09:10):
in the country from mainly Singapore, and part of that
will be the cost of refining it from oil into
a petroleum product. Part of it will be the cost
of running the ship from Singapore to New Zealand. Part
of it will be the transportation once it arrives in
New Zealand from wherever it arrives to your bowser in Taranaki.
Part of it will be the value of the dollar
at any given time. So there are many, many, many
(09:32):
moving parts in the ongoing price at any given time.
What happened on New York and Exchange the day before
will not be reflected in Taranaki for many days to come.
Speaker 2 (09:44):
See. I just thought they filled up those things what
are they called bowsers petrol pumps? I just thought they
filled them up with oil and then when you squirted
it into your car, it did imagine I when you
transformed into petrol. Does that know how it works?
Speaker 1 (09:59):
The rerap we're.
Speaker 2 (10:00):
Going to flesh up. Yeah, talking fast fashion because noo
of you knows more about fast fashion than I do.
Speaker 3 (10:06):
The French laws as well worth looking at. It's world first.
They're looking to curb fast fashion. They're taxing ultra fast
fashion brands and they're banning advertising in France, and I'm
being a libertarian. I'm all for you buying whatever you want.
But then again, I'm just not convinced that Chinese Shean
Shine Timu stuff is doing the world any good. So
(10:26):
the Senate almost unanimously voted to pass this updated version
of this legislation, which was first proposed last year. So
it's basically targeting China. They've exempted Zara and H and M.
The companies are rated according to an ECO score on
sixteen environmental indicators, carbon emissions, water consumption, all that stuff,
(10:46):
and the lowest ratings. It's five euros per product up
to ten euros per product. The tax cannot exceed fifty
percent of the product's price, but they're trying to tax
them out of existence. And you know what, I think,
I'm for it.
Speaker 4 (10:59):
See again, I feel I'm ideologically opposed to Mike here,
because the great thing about Timu is like, if you
want to watch strap and a certain color and a
certain material, they'll have it and nobody else will.
Speaker 2 (11:19):
In fact, that it only costs two dollars fifty doesn't
hurt either, if you know what I'm saying, But yeah,
it doesn't. Might want to be able to get the
watch strap that he wants and the color that he wants.
Apparently not I am a glen Hart. That was the rewrap.
We'll be back for more diametrically opposed pull asides for
(11:44):
you tomorrow. See then.
Speaker 1 (11:53):
For more from News Talk said B. Listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio
You're listening to a podcast from News Talk sed B.
Follow this and our wide range of podcasts now on
iHeartRadio The Rerap.
Speaker 2 (00:25):
Oh goody there, and welcome to the Rewrap for Tuesday,
all the best bets from the Mic Husking breakfast on
News Talks. He'd be in a sillier package. I am
Glen Harten today. I think we're done with counsels now,
aren't we? So I think we're getting rid of those.
That's good. What is Christopher Luckson actually doing in Europe?
(00:46):
If oil is cheaper today, how come petrol isn't? And
French laws against fast fashion as Mike four or against them.
But before any of that, it's part two of Hosking's
fight against acc. ACC strikes back or back against it
(01:09):
or the return or I don't know anyway.
Speaker 3 (01:12):
It's a sequel, part two of our ACC story that
we started yesterday, claims through the roof billions of dollars,
seven billion of them in fact, handed out each year
to a country that insists on falling over and spraining
and breaking things, a lot of it having nothing to
do with work. Thousands in the garden injuring themselves and
yet receiving money from a system that can't keep up
financially and then use yesterday that more troubles ahead. Only
(01:34):
one percent of the three point six billion that had
been set aside has been handed out to the thousands
upon thousands that they think will eventually claim in this
expanded set of measures, as decided a couple of years
ago by a court. So loss of potential earnings from
the time you were injured as opposed to from the
(01:56):
time you claimed or started treatment, Now that was the
court decision. This includes that our infamous sexual abuse. Of course,
it's just a view, it's an interpretation. But because it's
the Court of Appeals interpretation, the bill is Lord knows
what the three point six billion. That's a guess on
ACC's part as to what it could cost. Also a
(02:16):
guess as to how many people are going to be
claiming from the time of injury. Now think about that
the longer ago it was the money of the details.
Get who decides and how consistent is that decision making process,
to what extent is that process open to a challenge,
How long does that take, how many lawyers are involved?
It is the Pandora's box of boxes, and yet poor
(02:38):
old ACC are merely the recipients of that thinking. They
are the poor SAPs who have to put it into
place using money they almost certainly don't have. Nikola willis
you realize now calculates her expected to return to surplus
by not including these numbers, such as the gargantuan and
unpredictable nature of them. The acc Minister quite rightly is
working on law to rain some of this madness in.
(03:00):
As I said yesterday, like so many altruistic decisions, it
gets away with itself and before you know it, you're
handing out money to everyone and you're broke. Here's my idea,
call me simple. How about if you can't work, I e.
You can't earn, there's a scheme for you beyond that.
How about it's kind of on you. I mean, is
(03:21):
that really that radical? For goodness sake?
Speaker 2 (03:23):
Yeah, I think the Husk and I have padded ways
on this particular issue, just in that he's very much
in favor of a user pay system for everything. Let
the market decide all of that stuff. I don't think
he's really into any kind of socialist agenda, whereas I
(03:47):
tend to think it's nice, it'd be nice if we
had a better healthcare system that functions better and takes
care of more people than I don't know Americas, which
is where you start heading. But although as I say yesterday,
I'm also not into paying for mountain bikers rehab either,
because that always into and pieces the rewrap. And now
(04:12):
we're really sick of all these rate rises that were
great rises that were getting everywhere around the country. Should
we just get rid of the council and then there'd
be nobody to charge us them.
Speaker 3 (04:24):
So having looked at every council in the country and
depending rate rises, we're all going to have to pay
a couple of inescapable conclusions are to be drawn. One,
we need central government to cap rates. Two, we need
fewer councils if you were to roughly use inflation as
a guide, which is what they should be doing. Why
TOMO is the only council in the country, of all
the councils seventy plus of them, the only council in
(04:44):
the country to get under the wire at two point
nine three percent, So congratulations. Now, I'm sure every council
could and would mount an argument as to why whatever
it is they've come up with, whether it be the
twelve point nine percent in Taranaki or the fifteen point
five percent in Hamilton, is in some way, shape or
form justifiable. A lot of it will be historic, they
will tell you. In other words, of previous councils have
(05:04):
done their job and fiscally prudent. That work being undertaken
today would not be the current burden it is, but
a lot of it, if you were doge like or brutal,
would not in fact be needed at all. Councils have
become fifdoms. They have entered areas they have no business in.
But like so much in life, once you've ventured, there
is no turning back. Apart from the specific like the
(05:24):
Otto hung A nine point seven six or the Central
Otago twelve point four, you also have the more general impact.
In other words, you are adding cost to the economy.
You were charging fixed income folks. You don't have the money.
What you were doing is inflationary. None of us had
the ability to simply add more charges. We don't simply
get the pay rise we want, or up our hourly
(05:45):
rate to the poor sap with servicing. Life isn't like
that we cut our cloth. Could we buy more? Do more?
Spend more? Because we could, but we can't unless you're
a council. And even if a council, any council could say, oh,
look look at what all that money got. You look
at the gold plating and the shiny baubles and tens
of thousands who have flocked to our region because of
our expenditure. But they can't say that because none of
(06:06):
that's happened. Fifteen percent doesn't buy you utopia. It merely
sets you up for another fifteen percent next year. Because
councils know a sucker when they see one, so cap
those rates. Can those councils. It might well be the
most popular thing the central government does in three years.
Speaker 2 (06:20):
I mean, apart from anything. It's just the one best
thing that we have to vote for. And I don't
does anybody really enjoy voting. It's not really a pleasurable experience,
isn't it. So it would be good if we got
to do that. Lest rewrap Now, after all my socialism
talk at the beginning of the podcast, I'm going all
anti democratic there to walk back back somehow. Now, Luxon
(06:45):
is in the Northern hemisphere, having a lot of bilaterals,
you know, just have conversations, do you at that level.
It's a bilateral.
Speaker 3 (06:55):
Luxeon's met with vander Layine. I know, I know. Before
you go, get another cup of coffee. Here are the details,
what other detail? Nothing really happened was working through it here.
Discussions focused on warm and deepening the partnership. They discussed
the potential for closer cooperation, the bit of Teken innovation
(07:18):
talk New Zealand's entry into Horizon Europe. Horizon Europe is
about research and innovation. That would be if we get in,
we would be the first non neighbor country to join.
So I suppose that's something good. They welcomed future cooperation
on digital technologies including digital identity, digital business, Wallace initiatives,
et cetera. So clearly he's filling time until Trump arrives.
Imagine if he gets a pullicide with Trump and Albanesi,
(07:40):
who hasn't gone. There's something weird going on with Albanzi.
He yesterday watches press conference yesterday, that guy was so
not interested in talking about the war, any war. You've
never seen a guy less interested in talking about war
or Trump or NATO or going anywhere. So he's not
going to NATO. Miles is but of lax and gets
a pulicide with Trump. I guess who wins on the
old diplomatic front there.
Speaker 2 (08:01):
You don't know why they have these funny phrases by
later and the pullicide that's another one, isn't it, which
I always think it sounds like something that you It
sounds like something from a porno movie. Pull aside. I'm
not comfortable about international diplomacy at all. The rewrapped, right,
(08:22):
So trouble in the Middle East continued today, got more
trouble even and yet oil got cheap a not more expensive,
which a lot of people, including our news room, didn't
see coming.
Speaker 3 (08:40):
Mike, if oil prices have dropped overnight, why have z
and Taranaki price has gone up?
Speaker 4 (08:47):
Right?
Speaker 3 (08:47):
One more time on the oil. So when you ask
me when the oil price drops overnight wide, isn't reflected
your Bowser and Taranaki. The answer is because oil is
but one component in the overall cost of what you
pay at a retail level. What you really should be
looking at, and we've said this many times on the program,
is the cost of the refined product refined product, not
the cost of the the refined product as it arrives
(09:10):
in the country from mainly Singapore, and part of that
will be the cost of refining it from oil into
a petroleum product. Part of it will be the cost
of running the ship from Singapore to New Zealand. Part
of it will be the transportation once it arrives in
New Zealand from wherever it arrives to your bowser in Taranaki.
Part of it will be the value of the dollar
at any given time. So there are many, many, many
(09:32):
moving parts in the ongoing price at any given time.
What happened on New York and Exchange the day before
will not be reflected in Taranaki for many days to come.
Speaker 2 (09:44):
See. I just thought they filled up those things what
are they called bowsers petrol pumps? I just thought they
filled them up with oil and then when you squirted
it into your car, it did imagine I when you
transformed into petrol. Does that know how it works?
Speaker 1 (09:59):
The rerap we're.
Speaker 2 (10:00):
Going to flesh up. Yeah, talking fast fashion because noo
of you knows more about fast fashion than I do.
Speaker 3 (10:06):
The French laws as well worth looking at. It's world first.
They're looking to curb fast fashion. They're taxing ultra fast
fashion brands and they're banning advertising in France, and I'm
being a libertarian. I'm all for you buying whatever you want.
But then again, I'm just not convinced that Chinese Shean
Shine Timu stuff is doing the world any good. So
(10:26):
the Senate almost unanimously voted to pass this updated version
of this legislation, which was first proposed last year. So
it's basically targeting China. They've exempted Zara and H and M.
The companies are rated according to an ECO score on
sixteen environmental indicators, carbon emissions, water consumption, all that stuff,
(10:46):
and the lowest ratings. It's five euros per product up
to ten euros per product. The tax cannot exceed fifty
percent of the product's price, but they're trying to tax
them out of existence. And you know what, I think,
I'm for it.
Speaker 4 (10:59):
See again, I feel I'm ideologically opposed to Mike here,
because the great thing about Timu is like, if you
want to watch strap and a certain color and a
certain material, they'll have it and nobody else will.
Speaker 2 (11:19):
In fact, that it only costs two dollars fifty doesn't
hurt either, if you know what I'm saying, But yeah,
it doesn't. Might want to be able to get the
watch strap that he wants and the color that he wants.
Apparently not I am a glen Hart. That was the rewrap.
We'll be back for more diametrically opposed pull asides for
(11:44):
you tomorrow. See then.
Speaker 1 (11:53):
For more from News Talk said B. Listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio
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