May 21, 2025 • 10 mins
THE BEST BITS IN A SILLIER PACKAGE (from Thursday's Mike Hosking Breakfast) Yucky Medicine/Butter Prices That Aren't Butter Prices/Sneaky Shiraz, Anyone?/And You Wonder Why There's a Productivity Problem
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Speaker 1 (00:09):
You're listening to a podcast from Newstalk ZEDB. Follow this
and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
Rewrap there and welcome to the Rewrap for Thursday. All
the best, but it's from the mic asking breakfast on
news Talk ZEDB in a sillier package. I am Glenn
Heart and today the super market competition thing that seems
to be working brilliantly given the price of butter Australian wine,
which you can also buy the supermarket is causing Mike
(00:45):
some angst.
Speaker 3 (00:46):
And then we'll talk about how much we love doing
staff surveys.
Speaker 2 (00:50):
But before any of that, oh yes, it's budget day.
Here's what mister Haskin would like to see today to tell.
Speaker 4 (00:55):
You what what I hope for today is a sign
and a sense that what we are facing economically as
the country is real and it's real bad, and the
government see it accept it in Charter Pathway forward. That
gives us some sort of hope. The damage done by Jacinda,
Grant Christ and Adrena is now years long. You can't
invent money in that volume without spending the ensuing years
trying to dig yourself out of it. The start has
been made of course, the cutbacks have begun, the screaming,
(01:18):
whaling and upset has ensued. But small note there's a
lot more where that came from. The Seeds of recovery
are real. Manufacturing is expanding, has been for several months.
Services though, isn't. Sentiment isn't. The farmers have struck gold,
but the weather has been exceptionally kind, as have Americans
with their passion for burgers. Our debt is shocking. We
are not running a surplus on any annual basis, and
(01:39):
still won't be for years. The Finance minister today has
virtually nothing to play with, No excess, no lolly, no
large yess. She has, I hope found a fortune in
savings and she will redirect that to better places. I
pray she isn't borrowing on top of what we already
have incurred. If she is, she may well be making
a generational mistake. Treasury says fifty percent debt by way
of GDP is it. I'd say it's lower than that
(02:00):
in a sense. Today she'd wrap some numbers and forecasts
around the rhetoric. The rhetoric being we are open for business,
we are pro growth, we are big on infrastructure. Most
importantly fiscally as well as economically. We are not going
to die wondering. Today is not a day for a
dollar here, a dollar there. It is not an itch
scratching exercise. It should be a document that lays an
(02:22):
ongoing foundation for the major project that is the economic
resuscitation of the New Zealand economy.
Speaker 2 (02:28):
Yeah, it's a real day of data today, which I'm
not really into because I've got this budget thing this afternoon.
I won't be paying any attend to that.
Speaker 3 (02:37):
And then.
Speaker 2 (02:40):
Right now, everybody's clustered around the boss's computer terminal because
the survey results are coming out. I mean, I'll hear
about it if it's gone badly. Maybe I'll hear about
it in the form of a don't come Monday.
Speaker 3 (02:55):
Letter if it's gone really badly. But a man who
cares the juggernaut keeps juggernauting.
Speaker 1 (03:01):
Right, it's still rewrap as long as I.
Speaker 2 (03:02):
Can still afford a block of butter, Well can I ride?
Speaker 1 (03:07):
Oh?
Speaker 4 (03:07):
Seven twenty four? I hope you're following the butter debate,
specifically the cost co part of it. Why, Because it's
an insight into how the world works, especially the economic world,
and why Nikola Willis and her crusade to convince us
supermarkets are ripping us off might be wrong. Willis cited
cost Co the other day when she once again reminded
us after today's budget, she's back to the business on
the supermarkets and looking to break them up or twist
(03:29):
their arms or regulate them where it hurts, so we
can all feel much better about the price of a
trolley full of goods. What she knew, she said, Whilst
competition is good for prices, as I tried to say yesterday,
that's school cerdy economics, and although partially right, isn't the
whole answer. Butter at cost Co is ten bucks a kilo.
Elsewhere you can pay ten bucks be half that in
(03:50):
that very example as part of the story. It costs
different amounts all over the place on any given day,
depending on where you go or when you go. It's
a bit like petrol. Also a bit like petrol, the
end price is driven not by oil but by international pricing.
We pay international prices because we make this stuff and
sell it. It's how we make a living. We should
(04:11):
be celebrating this. If farmers weren't doing so well, we'd
be truly stuffed Costco because they're large, and I mean huge,
as in globally large. They buy more of anything than
anyone else does here locally. Because of that, their price
per unit drops. Their margins are smaller scale counts. Also,
and here's a major clue, as the Consumers people told
(04:32):
us yesterday, it's a lost leader for them. In other words,
they're losing money on every pack they sell. Why because
it gets you in the store to buy other stuff.
Remember also at Costco, you've already paid a membership fee
for goodness sake to be there in the first place,
So their butter isn't really ten dollars a kilo. They're
eating the difference. As Trump would say in the Hope
You Buy Stuff in Il eight, lots of supermarkets run
(04:54):
lost leaders as well all the time. They also put
chocolate biscuits at eye line to tempt you. It's a
very clever business. But Costco and their butter is not
a real economic equation, and there is no magic in
their pricing the way Nicola seems to think.
Speaker 2 (05:07):
There is so sort of insteadered that I can't believe
it's not better. It's I can't believe it's not a
genuine discount. I'm better. I think it's rather than better.
It's not batter, it's a better prices that aren't better prices.
Speaker 3 (05:23):
There's it.
Speaker 2 (05:24):
Look, there's a joke in there somewhere. There is if
you can figure out what it is, perhaps let me know.
Big Wine debate on the show this morning, Mike seems
to hate Cherez for some reason.
Speaker 4 (05:35):
Mike, just remember that much of the annoyance of many
in Australian one industry, the Australians drink a lot of
New Zealand wine. I will come back to the numbers
a year, but you gotta understand that their wines crap
and ours is so. I mean, there's nothing wrong with
them drinking.
Speaker 3 (05:46):
It's just there's a bit cheaper.
Speaker 4 (05:47):
Sometimes it's a bit and there's a reason for it.
Glean it's crap.
Speaker 2 (05:51):
I mean, I feel partially responsible for this preference for
Australian wines over New Zealand wines because I'm certainly drinking
my ten bottles worth.
Speaker 3 (06:02):
At the very.
Speaker 2 (06:03):
Least per years a rerap. But we don't make sure
airs here. We make Sarah and Sarah is different anyway.
Speaker 3 (06:14):
Mike wouldn't let it go.
Speaker 4 (06:15):
Mike, you're wrong about Australian wine. Try a drop of
South Australian shiasma friend, That read leslie South Australian cerazz
as a general rule is sugared up nonsense.
Speaker 3 (06:24):
That might be why I like it so much.
Speaker 4 (06:26):
It's sixteen percent alcohol. I mean at the very top.
It's a very top end of Australian wine. Maybe you've
got a point something like a Hill of Grace or
a Diana Madeline or something like that. But in general, anyway,
to the numbers themselves, do you know how much Australian
wine we as New Zealanders drink every year on average
ten bottles ten bottles near but we drink other wine
(06:48):
from Argentina and Chili in New Zealand, so that's just
ten Australian bottles. United Kingdom. On who drinks five, the
most popular is Penfolds. In Denmark they drink fire bottles
on average. The most popular as yellowtail. The people who
make yellowtail should be in jail if you've ever tasted.
Speaker 3 (07:05):
In my humble opinion, even I am not going to
disagree with you that.
Speaker 4 (07:08):
I mean yellowtail. You could run a car on yellowtail.
And yet the Dames go, We'll give me a little
miltimorre robbed dart.
Speaker 2 (07:15):
Goodness, so is that that the pakistanis no patriotic New Zealand.
Speaker 4 (07:22):
For goodness sake, we make some of the best in
the world meat, lamb, cheese, wine, get amongst.
Speaker 3 (07:29):
Yeah.
Speaker 2 (07:29):
I mean the issue is literally, I prefer Charis over
a Serrah. I prefer a cheap Sharis over at. I
mean there's probably some really expensive I had a craggy
range carah a g well, two glasses are there on
Saturday night at a fancy restaurant because they didn't have
Sharas on the wineless, which is annoying.
Speaker 3 (07:53):
It was nineteen dollars a glass. And I can buy
a Sneaky Shares.
Speaker 2 (08:02):
It's actually a bottle that you can buy. It's called
Sneaky Shiras for four and it's nice and I probably
enjoyed a little bit more than the Creggi range if
it just quietly. And the Creggi range is nice, but
I like the sneakysh Airs and the nineteen criminals get
into that as well.
Speaker 3 (08:21):
That'd be my recommendation.
Speaker 2 (08:23):
The rewrap anyway, staff surveys, it's stop arguing about wine
and let's argue about the value of staff surveys instead.
Speaker 4 (08:34):
The Financial Market Authority what a fantastic place to work.
I wish I worked there. They are introducing a daily
survey for all the people. It's the Weekly Activity Survey,
the Weekly Work Tracking Survey. It's running between twelfth and
May and sixth of June, so it's on right now.
(08:55):
I hope if you're listening from the FMA, I'm not
interrupting you filling out your survey at the present point
in time. The survey is compulsory, of course it is.
It's compulsory. Twenty one question every day, every single day,
you got to answer twenty one questions worth Ah, there's more,
(09:16):
an extra three questions at the end of the week. Yeah,
got your daily worklog. Asks about ours, work tasks completed,
how long each task took, names and durations of internal
and external meetings. You asked how many days you had off,
how many were worked in the office, whether they had
a signed off deviation to the three to two work
from home requirement inat of each week. Also asked about
(09:38):
how management or manageable your workload was, and whether any
tasks could have been completed more efficiently. How many people
are answering that question? Would go? I could complete my
task more efficiently if you weren't asking me every bloody
day to fill in a stupid survey.
Speaker 3 (09:50):
Yeah, I mean that's a heap to your productivity, right there,
isn't it?
Speaker 4 (09:53):
Honestly? Financial Markets Authority twenty one questions every single day
for weeks on shoot me now, OK.
Speaker 2 (10:02):
Some people like filling out surveys, and then they'd be
interested in going to a job where you have to
do that every day.
Speaker 3 (10:11):
Could that be a thing?
Speaker 2 (10:13):
Seems unlikely? Maybe some people seem to like going to meetings.
I am Glenn Hart. Please meet me back here again
tomorrow and we'll do another one of these surveys.
Speaker 3 (10:23):
I'll see you then.
Speaker 1 (10:32):
For more from News Talks at 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 Newstalk ZEDB. Follow this
and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
Rewrap there and welcome to the Rewrap for Thursday. All
the best, but it's from the mic asking breakfast on
news Talk ZEDB in a sillier package. I am Glenn
Heart and today the super market competition thing that seems
to be working brilliantly given the price of butter Australian wine,
which you can also buy the supermarket is causing Mike
(00:45):
some angst.
Speaker 3 (00:46):
And then we'll talk about how much we love doing
staff surveys.
Speaker 2 (00:50):
But before any of that, oh yes, it's budget day.
Here's what mister Haskin would like to see today to tell.
Speaker 4 (00:55):
You what what I hope for today is a sign
and a sense that what we are facing economically as
the country is real and it's real bad, and the
government see it accept it in Charter Pathway forward. That
gives us some sort of hope. The damage done by Jacinda,
Grant Christ and Adrena is now years long. You can't
invent money in that volume without spending the ensuing years
trying to dig yourself out of it. The start has
been made of course, the cutbacks have begun, the screaming,
(01:18):
whaling and upset has ensued. But small note there's a
lot more where that came from. The Seeds of recovery
are real. Manufacturing is expanding, has been for several months.
Services though, isn't. Sentiment isn't. The farmers have struck gold,
but the weather has been exceptionally kind, as have Americans
with their passion for burgers. Our debt is shocking. We
are not running a surplus on any annual basis, and
(01:39):
still won't be for years. The Finance minister today has
virtually nothing to play with, No excess, no lolly, no
large yess. She has, I hope found a fortune in
savings and she will redirect that to better places. I
pray she isn't borrowing on top of what we already
have incurred. If she is, she may well be making
a generational mistake. Treasury says fifty percent debt by way
of GDP is it. I'd say it's lower than that
(02:00):
in a sense. Today she'd wrap some numbers and forecasts
around the rhetoric. The rhetoric being we are open for business,
we are pro growth, we are big on infrastructure. Most
importantly fiscally as well as economically. We are not going
to die wondering. Today is not a day for a
dollar here, a dollar there. It is not an itch
scratching exercise. It should be a document that lays an
(02:22):
ongoing foundation for the major project that is the economic
resuscitation of the New Zealand economy.
Speaker 2 (02:28):
Yeah, it's a real day of data today, which I'm
not really into because I've got this budget thing this afternoon.
I won't be paying any attend to that.
Speaker 3 (02:37):
And then.
Speaker 2 (02:40):
Right now, everybody's clustered around the boss's computer terminal because
the survey results are coming out. I mean, I'll hear
about it if it's gone badly. Maybe I'll hear about
it in the form of a don't come Monday.
Speaker 3 (02:55):
Letter if it's gone really badly. But a man who
cares the juggernaut keeps juggernauting.
Speaker 1 (03:01):
Right, it's still rewrap as long as I.
Speaker 2 (03:02):
Can still afford a block of butter, Well can I ride?
Speaker 1 (03:07):
Oh?
Speaker 4 (03:07):
Seven twenty four? I hope you're following the butter debate,
specifically the cost co part of it. Why, Because it's
an insight into how the world works, especially the economic world,
and why Nikola Willis and her crusade to convince us
supermarkets are ripping us off might be wrong. Willis cited
cost Co the other day when she once again reminded
us after today's budget, she's back to the business on
the supermarkets and looking to break them up or twist
(03:29):
their arms or regulate them where it hurts, so we
can all feel much better about the price of a
trolley full of goods. What she knew, she said, Whilst
competition is good for prices, as I tried to say yesterday,
that's school cerdy economics, and although partially right, isn't the
whole answer. Butter at cost Co is ten bucks a kilo.
Elsewhere you can pay ten bucks be half that in
(03:50):
that very example as part of the story. It costs
different amounts all over the place on any given day,
depending on where you go or when you go. It's
a bit like petrol. Also a bit like petrol, the
end price is driven not by oil but by international pricing.
We pay international prices because we make this stuff and
sell it. It's how we make a living. We should
(04:11):
be celebrating this. If farmers weren't doing so well, we'd
be truly stuffed Costco because they're large, and I mean huge,
as in globally large. They buy more of anything than
anyone else does here locally. Because of that, their price
per unit drops. Their margins are smaller scale counts. Also,
and here's a major clue, as the Consumers people told
(04:32):
us yesterday, it's a lost leader for them. In other words,
they're losing money on every pack they sell. Why because
it gets you in the store to buy other stuff.
Remember also at Costco, you've already paid a membership fee
for goodness sake to be there in the first place,
So their butter isn't really ten dollars a kilo. They're
eating the difference. As Trump would say in the Hope
You Buy Stuff in Il eight, lots of supermarkets run
(04:54):
lost leaders as well all the time. They also put
chocolate biscuits at eye line to tempt you. It's a
very clever business. But Costco and their butter is not
a real economic equation, and there is no magic in
their pricing the way Nicola seems to think.
Speaker 2 (05:07):
There is so sort of insteadered that I can't believe
it's not better. It's I can't believe it's not a
genuine discount. I'm better. I think it's rather than better.
It's not batter, it's a better prices that aren't better prices.
Speaker 3 (05:23):
There's it.
Speaker 2 (05:24):
Look, there's a joke in there somewhere. There is if
you can figure out what it is, perhaps let me know.
Big Wine debate on the show this morning, Mike seems
to hate Cherez for some reason.
Speaker 4 (05:35):
Mike, just remember that much of the annoyance of many
in Australian one industry, the Australians drink a lot of
New Zealand wine. I will come back to the numbers
a year, but you gotta understand that their wines crap
and ours is so. I mean, there's nothing wrong with
them drinking.
Speaker 3 (05:46):
It's just there's a bit cheaper.
Speaker 4 (05:47):
Sometimes it's a bit and there's a reason for it.
Glean it's crap.
Speaker 2 (05:51):
I mean, I feel partially responsible for this preference for
Australian wines over New Zealand wines because I'm certainly drinking
my ten bottles worth.
Speaker 3 (06:02):
At the very.
Speaker 2 (06:03):
Least per years a rerap. But we don't make sure
airs here. We make Sarah and Sarah is different anyway.
Speaker 3 (06:14):
Mike wouldn't let it go.
Speaker 4 (06:15):
Mike, you're wrong about Australian wine. Try a drop of
South Australian shiasma friend, That read leslie South Australian cerazz
as a general rule is sugared up nonsense.
Speaker 3 (06:24):
That might be why I like it so much.
Speaker 4 (06:26):
It's sixteen percent alcohol. I mean at the very top.
It's a very top end of Australian wine. Maybe you've
got a point something like a Hill of Grace or
a Diana Madeline or something like that. But in general, anyway,
to the numbers themselves, do you know how much Australian
wine we as New Zealanders drink every year on average
ten bottles ten bottles near but we drink other wine
(06:48):
from Argentina and Chili in New Zealand, so that's just
ten Australian bottles. United Kingdom. On who drinks five, the
most popular is Penfolds. In Denmark they drink fire bottles
on average. The most popular as yellowtail. The people who
make yellowtail should be in jail if you've ever tasted.
Speaker 3 (07:05):
In my humble opinion, even I am not going to
disagree with you that.
Speaker 4 (07:08):
I mean yellowtail. You could run a car on yellowtail.
And yet the Dames go, We'll give me a little
miltimorre robbed dart.
Speaker 2 (07:15):
Goodness, so is that that the pakistanis no patriotic New Zealand.
Speaker 4 (07:22):
For goodness sake, we make some of the best in
the world meat, lamb, cheese, wine, get amongst.
Speaker 3 (07:29):
Yeah.
Speaker 2 (07:29):
I mean the issue is literally, I prefer Charis over
a Serrah. I prefer a cheap Sharis over at. I
mean there's probably some really expensive I had a craggy
range carah a g well, two glasses are there on
Saturday night at a fancy restaurant because they didn't have
Sharas on the wineless, which is annoying.
Speaker 3 (07:53):
It was nineteen dollars a glass. And I can buy
a Sneaky Shares.
Speaker 2 (08:02):
It's actually a bottle that you can buy. It's called
Sneaky Shiras for four and it's nice and I probably
enjoyed a little bit more than the Creggi range if
it just quietly. And the Creggi range is nice, but
I like the sneakysh Airs and the nineteen criminals get
into that as well.
Speaker 3 (08:21):
That'd be my recommendation.
Speaker 2 (08:23):
The rewrap anyway, staff surveys, it's stop arguing about wine
and let's argue about the value of staff surveys instead.
Speaker 4 (08:34):
The Financial Market Authority what a fantastic place to work.
I wish I worked there. They are introducing a daily
survey for all the people. It's the Weekly Activity Survey,
the Weekly Work Tracking Survey. It's running between twelfth and
May and sixth of June, so it's on right now.
(08:55):
I hope if you're listening from the FMA, I'm not
interrupting you filling out your survey at the present point
in time. The survey is compulsory, of course it is.
It's compulsory. Twenty one question every day, every single day,
you got to answer twenty one questions worth Ah, there's more,
(09:16):
an extra three questions at the end of the week. Yeah,
got your daily worklog. Asks about ours, work tasks completed,
how long each task took, names and durations of internal
and external meetings. You asked how many days you had off,
how many were worked in the office, whether they had
a signed off deviation to the three to two work
from home requirement inat of each week. Also asked about
(09:38):
how management or manageable your workload was, and whether any
tasks could have been completed more efficiently. How many people
are answering that question? Would go? I could complete my
task more efficiently if you weren't asking me every bloody
day to fill in a stupid survey.
Speaker 3 (09:50):
Yeah, I mean that's a heap to your productivity, right there,
isn't it?
Speaker 4 (09:53):
Honestly? Financial Markets Authority twenty one questions every single day
for weeks on shoot me now, OK.
Speaker 2 (10:02):
Some people like filling out surveys, and then they'd be
interested in going to a job where you have to
do that every day.
Speaker 3 (10:11):
Could that be a thing?
Speaker 2 (10:13):
Seems unlikely? Maybe some people seem to like going to meetings.
I am Glenn Hart. Please meet me back here again
tomorrow and we'll do another one of these surveys.
Speaker 3 (10:23):
I'll see you then.
Speaker 1 (10:32):
For more from News Talks at 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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