THE RE-WRAP: Beef's Back, Baby!

THE BEST BITS IN A SILLIER PACKAGE (from Monday's Mike Hosking Breakfast) Trump Wusses Out/Turns Out, Climate Policy Is Quite Complicated/Polls Are Still Stupid/Worrying Price Trend

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Episode Transcript

Speaker 1 (00:09):
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Speaker 2 (00:24):
Rep there and welcome to the Rewrap for Monday, all
the best bits from the mic hosting breakfast on Newstalks
EDB in a sillier package. I am being heart and
today's climate policy still a big talking point, well everywhere actually,
but particularly in Australia. Polls back here they seem to
get more and more meaningless by the hour. And we've

(00:48):
got some price comparisons what we have to pay here
for things compared to everywhere else in the world. But
before any of that, it's shocking, by the way, is
a shocking conclusion for that. Just stay around for that.
But so our beef no tariff so the Yanks can
get their burgers.

Speaker 3 (01:05):
Big when of course for New Zealand and can the
lesson for everyone who doesn't understand tariff's. Donald Trump has
cut the tariffs on beef. The beneficiaries are largely US,
Australia and Brazil. Brazil had a fifty percent tariff, so
they will be thrilled. We at fifteen and ten for
Australia may not benefit as much, but given we're balling anyway,
As they say, anything that gives us a chance to
sell more has got to be welcome. Latest figures show

(01:26):
that we've had a fall off in volumes of beef
to the States. What's helping us is the value. Volume
is one thing. Value is another. If the value off
sets the volume, you're still winning. Of course, if the
world only understood the true value of a terriff free environment,
we'd all be better off. But that debate seems for
now to be losing ground globally as more and more
economies retrench. Anyway, the reason Trump moved is because he's

(01:48):
in trouble. He's in trouble on a lot of things,
and unless the tired terms this time next year in
the midterms, it's all going to come home to roost
and the Republicans will lose the rescendency. And if that happens,
they'll turn on the president and the latter part of
the president's term will be what they call lame duck.
In some respects, it's been a surprise that his line
of abstract economics has lasted so long. I mean, there's
nothing particularly compl about tariffs, and to be fair to him,

(02:10):
if China say charges you're thirty percent on something. The
reciprocal tariff is not out of allder. But the slap
them all approach he used on a place like New
Zealand and Australia, not to mention Switzerland that only just
got sorted over the weekend was bizarre, if not completely nuts.
All that crap about importers and countries paying tariffs was
never real, And as Americans lined up at the butchers

(02:31):
to pay more for New Zealand beef, they got angry,
and they got angry to the point Trump had to acquiesce.
So the tariffs fall in places like New Zealand in
cash and it is good. I suppose to be on
the right side of the argument.

Speaker 2 (02:42):
Yeah, I mean, what can you say, is it news
when everything goes the way that you had particular it
was going to go. I mean, if it's good, I
don't know if it's news. So we wrap now as
cop really gets into full swing and Brazil. Meanwhile in Australia,

(03:02):
the saying yeah, not for us. If we're going to
get anybody to vote for us, we're not saving the planet.
No how, no way.

Speaker 3 (03:09):
I think we can link the IEA's announcement last week
over peak oil to the current scenario faced by the
Coalition in Australia. Right, the Coalition in Australia is worth
following all by itself. It's quite possible, as any number
of Australian media outlets are pointing out at the moment
that we are watching a once large popular and governmental
party crumble in front of our eyes. Are the Party

(03:30):
of Menzi's Phraser Holt Howard collapsing over climate Now climate
is oil And the International Energy Agency that once said,
and not long ago, by the way, but oil is done,
an investment should stop, has now changed its mind. It
has laid out a path in a projection whereby oil
demand continues to grow until at least twenty fifty. As

(03:51):
OPEC said, they welcome the rendezvous with reality. Trouble with
the coalition as the politics politics gets in the way
of logic and reality now muddying the waters slightly. Not
only in the Coalition but in the climate debate generally.
Are the deniers They don't help. The real argument is
in the middle people accept climate change of some description,
but also except we will not reach the powis number

(04:13):
of one point five. So if we aren't reaching the number,
what's the point of having it as a policy? Why
promise something you know you aren't going to deliver on
the same question, of course, can be asked of our government.
The current government has committed to it apparently doesn't act
like it puts out policy and adjustments that limit our
ability to get to the goal. But those policies and
adjustments are sensible. I mean, why would you ruin a

(04:34):
farmer for the sake of a promise you know you're
not going to keep? But then why have a policy
you know you won't keep anyway, Hence the coalition and
its destruction. Easier to say one thing, I guess and
do another, easier to be basically dishonest. That, sadly, our
guess is politics. Obviously, if a major political party falls,
then Australia's in trouble because that support will drift off
to the radicals. We're already starting to see that. But

(04:56):
what a thing to fall on. Ah, a fantastical idea
we went nuts over a decade ago, but can't extract
ourselves from because logic is well down the line of
political attributes. As for the IEA, if you ever wanted
proof that the climate tide is out. They are newly
minted peak oil twenty to fifty. Call is it?

Speaker 2 (05:15):
I mean, it's your yeah, classic case there really is
that it's everything wrong with democracy as when people, you know,
people don't want to pay more.

Speaker 4 (05:28):
For their you know, petrol and the apostle fills and yeah,
they don't want to be it's because the people were
never going to vote for the hard option, are they?
But somebody sometimes somebody's going to take the hard option,
but nobody ever will.

Speaker 2 (05:46):
Oh well, rewrap right. So after a couple of dumb
poles last week, we've got another one and they just said,
of seem to get progressively dumber.

Speaker 3 (05:55):
EPSOS poll another one of these weird poles where you
talk about the issues of the day, governments and trouble.
Yet again government rating a three point nine out of ten.
That's not good. It was carried out between twenty one
to thirty October one thousand, New Zealand. So what are
these issues? These so called issues of ours? By the way,
labor are best able to handle fifteen of the twenty
concerns national only two, the two being crime and law

(06:18):
and order, along with defense and foreign affairs. The economy
labor are best able to handle the economy. Despite the
fact they've only got one policy on the economy, we've
all decided they're the best to run the economy. Come on, anyway,
Issue number one, unsurprisingly, inflation and cost of living. Issue
number two is healthcare, which is a reflection of the
media coverage. Of course, it's not necessarily lived experience. It's
just it's in the headlines a lot, so we go

(06:40):
healthcare is no good. So number one, number two? Then
number three is the economy. Well, hold on, what is
inflation and cost of living? If it isn't the economy,
how are you separating? See see how mad this whole
thing is.

Speaker 4 (06:51):
It's a good point.

Speaker 3 (06:51):
Who would do a pole?

Speaker 4 (06:53):
Like?

Speaker 2 (06:53):
Why have you not? Have you not got something better
to do with your time? I sure do. I won't
even ask answer that. You know, when you buy something
and then you get set an email saying, you know,
radar expreat your experience, that just goes straight in the trash,

(07:16):
Why would you do a pole?

Speaker 3 (07:18):
The rewrap it?

Speaker 2 (07:19):
Anyway, moving on, have we mentioned that poles are stupid?

Speaker 3 (07:22):
Mike, please do some scrutiny on these poles, the results
and who they actually pole I mean, we've talked about
this ad nauseum. The difficulty with poles these days. The
main problem with poles these days is getting people to participate.
We're far too busy, we don't have time, we're not interested.
So what a lot of these polsters do is rely
on an opt in model, or at least a partial
opt in model. In other words, they go to the

(07:43):
board and the bewildered and they go listen. If you've
got half an hour of your time sitting at a
computer India, you know, give us a few views and
ideas around what you're thinking at this current point in time.
It was at that point I gave up largely on poles.

Speaker 1 (07:55):
Now.

Speaker 3 (07:55):
A good example of this this morning, as I've alluded
to already, is the Herald's got a pole on the
CGT Capital Gains Tax. They've come in at thirty nine
all now, is that real? Because last week's pole had
favor a favorable for a CGT of fifty six percent,
So fifty six to thirty nine is a massive it's
a marked difference. It therefore negates each pole. Each pole

(08:17):
becomes irrelevant. And the problem with poles is they cost
a lot of money to conduct and then you come
up with a zipsos weird business. Of of course, inflation
in the cost of living is the number one issue.
Why wouldn't it be, But then suddenly the economy is
number three. I mean they're the same thing. For goodness,
say yeah, they separate, so all we end up being
as confused. Well, so what are they for?

Speaker 2 (08:38):
When you think about it? Like do you want to
know how well a party is doing in the polls?
So you know that you're voting for the party that
looks like it's going to be winning. Like that's a
dumb reason to vote for a party as of this,
Like what why.

Speaker 3 (08:55):
Do we need it?

Speaker 2 (08:57):
Like I understand why the parties themselves might might be
interested in that, but they can do that. They do,
they have to. It's yeah, I'm so overpolled. My number
one issue is the price of fare because wake til
you find out where we rank in the world for.

Speaker 3 (09:16):
That slightly random as well. Deutsche Bank's mapping the World
Prices report, It's been doing it since twenty twelve, looks
at the purchasing power. Do we have purchasing power in
New Zealand? Yes we do. We've moved up the ranks
we can purchase more for our money. This is good.
Why we'll impart. Prices for our exports have risen faster
than the prices for our imports, so that's good. Relative

(09:37):
purchasing power therefore is better. We are better off. But
as far as salaries are concerned, Wellington's twenty nine out
of sixty nine, Auckland's thirty four out of sixty nine,
so not bad. Auckland's top for an assessment of the
climate wellington housing affordabilities improved. Auckland was thirty two out
of sixty nine. On a price per square meter, Wellington

(09:58):
has the fourteenth highest disposable income after rent in the world.
Do you believe that both cities and the fifty percent
least expensive for month utilities cost of powers too expensive?
Wellington's fourth most expensive city in the world. When it
comes to buying a bottle of domestic beer.

Speaker 2 (10:16):
I'd like to say that I'm surprised to hear that
this is all just leading up to that price of
domestic beer thing. But there are a lot of craft
berries in Wellington, and you've got to expect to pay
a premium for premium beer, don't you. It's tricky, It's tricky.
I'm miss Bear. I'm desperately trying to lose weight at

(10:41):
the moment, and it's going well. And part of the
reason it's going well is i'd basically just stop eating
and drinking all the things that I like. I thought
if I started with that, and it turns out, you know,
you can lose about aquilo a week, and you do that,
I'm so angry and thirsty and I angle and hart

(11:02):
and we will be back tomorrow. Don't worry.

Speaker 1 (11:04):
I'll be here and see that. For more from News
Talk set B listen live on air or online, and
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