May 19, 2025 • 13 mins
THE BEST BITS IN A SILLIER PACKAGE (from Tuesday's Mike Hosking Breakfast) Shame It Probably Won't Be/About Those Tariffs.../About That War Thing.../More Reasons Not to Move to Australia/Things That Make You Make Involuntary Noises
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Episode Transcript
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Speaker 1 (00:09):
You're listening to a podcast from News Talk said be
follow this and our Wide Ranger podcasts now on iHeartRadio.
Speaker 2 (00:24):
Rerap okay, and welcome to the Rewrap for Tuesday. All
the best bits for the my hosting breakfast on News Talks.
They'd be in a sillier package. I'm Glen Hart today.
The Trump tariffs, you can't say they haven't had an effect,
So we're going to round some of those effects out
for you shortly. And speaking of Trump, he spoke to
(00:46):
well a whole lot of people today by phone to
try and wrap up the Ukraine war. Hasn't quite wrapped
it up just yet, which I thought was happening on
day one, but there's just seem to be a bit
of a pause on that. Australia moving there, why it's
not such a good idea after all, and christ Stadium,
what you can expect to pay for a week at
(01:09):
the stadium. But before any of that today it could
be all on with the fallout from the Privileges Committee
and the Maori Party and all that.
Speaker 3 (01:20):
So this debate around the Privileges Committee and their decision
over the Marray Party that starts today, as we've said,
set to be a long winded, largely pointless exercise. If
you can be bothered, get a read on where each
of the parties stand why, because you will find that
some parties do not agree with the committee and think
the so called punishment is a little bit hard now.
The Prime Minister asked about this yesterday's post cabinet press conference.
(01:41):
In fact, they were the first questions asked, which was
a bit sad and yet again a reminder of how
the press gallery is not really interested in the news
of the day and perhaps even the good news of
the day, because the good news of the day came
from the Finance Minister who were standing next to them
at said conference and a bit busy up to the
question bit outlining some new tax treatment for investment and
payments for startups, the stuff we've just been talking about,
and business is looking for a bit of a relief
(02:02):
around rules and paperwork that got scant coverage despite the
fact these are the very sorts of issues, ideas and
polos that will drag this beleagued economy out of the
quagmire it's currently stuck in. As regards the Privileges Committee,
for the record, the PM stood firm on the ensuing
debate and whether or not by bargaining away the decision
it could expedite what could be days of time wasting.
(02:23):
Now why this matters is because standards matter, and standards
in this country have become embarrassing. What the Maori Party
did was farcical as well as embarrassing. And it was
not because they're Maori or because what they did was Maori.
It was because they broke the rules, and rules count
or should count, because when they don't, people like the
(02:44):
Mari Party into a lesser degree. The Labour Party and
the Greens bring us all into distribute. Believe it or not,
there are large swaths of this country that find what
has been happening at our highest level of leadership to
be completely and utterly shocking as well as embarrassing and needless.
And we're more than over it. And by asking whether
the government can plee bargain it away so we can
(03:04):
skip a lengthy, boring debate is systematic and the problem itself.
I deal with it when we can ignore it or
water it down. If those who think this is all
okay want to debate it and remind us what mediocre
looks like, that's on them.
Speaker 2 (03:18):
I'm actually hoping for an all in brawl like you
see quite often in those Southeast Asian countries. Various difficult.
In Japan, it seems to happen there quite a bit.
Is it the Philippines? Who ever seen it happen? Or
by one or somewhere, But anyway, there seems to be
a lot of people in their houses of government there
and then they all jump in and start beating each
(03:38):
other up. I'd like to see an all end pile on,
wouldn't you. But maybe we do need more MPs.
Speaker 1 (03:45):
After all, it's the rewrapped.
Speaker 2 (03:47):
Well, I'm not sure exactly how long it's been since
Liberation Day, but the tariffs, whether they've taken effect or not,
whether they're still coming in the ones that have been
negotiated away, where are we at with all that?
Speaker 3 (04:00):
Let me ask you a question, is there's something positive,
if not ironic, in watching an economic theory turned into
reality in front of you very own eyes. For example,
the old social credit idea, remember that they could invent money.
Apparently nothing bad would happen social credit around in the eighties.
If you don't remember offering up wacky economic ideas that
because they were never tested in the real world, never
(04:20):
got put to bed in a way that shut the
believers up until COVID, of course, and along came funding
for lending and the ensuing inflation and the recessions that followed,
so there is no such thing as free money without
pain and suffering. Then came trumpet as tariffs. We had
the head start here, of course, over the Americans, given
we are free traders, have been since the eighties, and
we know what a tariff is, the damage it does,
(04:42):
the falsity it provides, the cold hard reality it protects.
So maybe some Americans thought Trump knew what he was
talking about when he said the countries paid the tariffs. Obviously,
wasn't long after that when the prices at the shop
started going up, that a few pennies were dropping that
it wasn't the countries. It was, in fact the consumer.
And not only was stuff more expensive, you might not
see as much stuff given the people who brought the
(05:03):
stuff into the shop didn't buy as much because one
they couldn't afford to, and even if they could too,
they knew they could sell it. Maybe that's why Santa
Trump started telling kids they didn't need as many dolls
or pencils. Now as the fraud is fully exposed and
retailer after retailer starts putting prices up. The President is
suggesting people like Walmart eat the tariffs, which, of course,
as the punter will find out, has downstream consequences as well.
(05:27):
If Walmart ate them or absorbed them, they can do
that because they make billions. So we're picking on successful people.
Now that profit is then reduced, The bottom line is affected,
the share price drops, the four to zero ones get hit,
the jobs get trimmed, and so it goes all the
way down the line. None of this is complicated or
difficult to understand. I suspect Trump understood it all along.
(05:48):
He so he wasn't thick. He was just dishonest. Free
markets are your only true path to successful business. All
the rest is a jack up. The fact so many
Americans never understood that until it was too late is
the real tragedy.
Speaker 2 (06:00):
I don't know if I've mentioned to you before my
podcast our library. You're my person, I'm a personal you know,
what do you call it? What do you call a
bunch of subscriptions podcast subscriptions? I'm going to call it
a library. Anyway, I'm running about two months behind on
it at the moment. I got seriously behind at some stage,
(06:22):
and I've been trying to catch up because you know,
I listened to them in sequence. Obviously, I mean, I'm
not an idiot anyway. The appshot of that is I
kind of time travel every time I listened to my podcast,
and I was listening to one yesterday from about two
months ago. You know, when was it only that long
ago when all this stuff was first announced and first
(06:43):
having its major effects on the stock market, And man,
it was funny looking back and listening to them try
to figure it all out. Funny for me, perhaps not
so funny if you're an American rewrap. Now, if you're
a Russian or a Ukrainian, you might be interested to
know what Trump had to say to Putin and Zelenski
on the phone today.
Speaker 3 (07:03):
Hey, Trump's in the garden, are talking about his phone
call it.
Speaker 4 (07:06):
We just spent two and a half hours talking to
Vladimir Putin, and I think some progress has been made.
It's a terrible situation going on over there, five thousand
young people every single week of being killed, so hopefully,
which is something we also spoke to the heads of
most of the European nations and we're trying to get
(07:27):
that whole thing wrapped up. What a shame that it
ever started in the first place.
Speaker 3 (07:32):
So yeah, So if you can find a single piece
of tangible evidence that anything actually is going to happen
as a result of the phone call for that whole thing,
then let me know.
Speaker 2 (07:45):
Because guys, wrap it up.
Speaker 3 (07:46):
I cannot find that anything's happened.
Speaker 2 (07:50):
Yeah, you get the appreciation of this whole thing. It's
just a real inconvenience for Trump and he really wants
it wrapped up. I don't quite know what the problem is.
Come on, guys, just wrap it up. They should be
called piece talk, so I should be called rap party.
Speaker 1 (08:08):
The rewrap.
Speaker 2 (08:09):
Now, as we get news of more and more people's
brains being drained to Australia, when we dig down into
the actual facts, we start to ask.
Speaker 3 (08:20):
Why, here's something you wouldn't have known. But they're having
a debate in Australia and you know how, you've got
superannuation and it's compulsory there now, and this is why
we need to watch this. They've now decided to start
taxing people who have got three million dollars or more
in their superannuation accounts, so they force you to save.
And once you've saved and done well, and there are
(08:42):
thousands of people who have got three million dollars or
more in their superannuation accounts, they're going to tax you more.
So if you get more, you get tax more. And
that came out yesterday and one of the concerns about
that is that if you've got wealthy people who are
in the workforce, they'll go, you know what, stuff you,
I'm not going to work anymore. I'm going to retire.
The wealthy, the successful will retire. And the Australian economy
(09:03):
already recorded as of yesterday, close to the worst productivity
performance in the developed world. So for all the New
Zealander's tens of thousands of them that are scarpering across
there to the new, bright and wonderful life, it's one
of the worst productive places in the world, which brings
me and I don't have time now, but I will
do it later on in the program, what you need
(09:24):
to earn in Australia to be in the top one
percent in different suburbs, and the key to it was
the average annual income in Sydney is eighty two thousand dollars.
The median income is fifty eight thousand dollars.
Speaker 2 (09:38):
So for all the.
Speaker 3 (09:39):
People who go, oh, I can go to Australia and
I'll triple my salary. Mainly, it's crap. It simply isn't true.
Otherwise you wouldn't have an average salary of eighty two
thousand in the most expensive city in Australia and a
median wage of fifty eight thousand, two hundred dollars.
Speaker 2 (09:57):
Ye are always wondered, why are massive when you did
all those different kinds of averages. You know, there's your
average median is it? Your mode is the other one?
I can't remember what the mode is, But the medium
one is the one that happens most often, isn't it?
And then the average there's obviously everything added together and
(10:20):
then divided by how many there are. And now I
get it because when you're talking wages, if somebody's getting paid,
you know, a million, gazillion dollars, it can skew their
average a little bit kind of it, whereas if most
people are getting paid fifty two thousand, that makes more sense.
Says one. It's good or have I got I've.
Speaker 1 (10:38):
Properly well, it's a rewrap.
Speaker 2 (10:42):
I certainly can't do the sums on how much it
costs to get a suite at the new christ Jet Stadium.
That doesn't end up for me.
Speaker 3 (10:48):
The best piece, and I read yesterday, was from Mike Thorpe,
who we worked together on seven Sharp for a period
of time before we both realized that there was life
outside of that and we've moved on to better things.
One of the things he's moved on is writing an
article about christ Chich Stadium and which is going to
open very shortly, and the suites, the flash seats are oversubscribed,
(11:10):
so good news part number one. For a suite, you're
paying four thousand, seven hundred and thirty seven dollars per
year per person. And that does not include concerts, all
black tests or anything that I can work out exciting.
Speaker 2 (11:34):
How many in the suite, how many persons per suit?
Speaker 3 (11:36):
It depends. The biggest is sixty.
Speaker 5 (11:39):
Oh, I don't need to say I don't need to
say anything more. You can't sun you can't sum it
up any better than that.
Speaker 2 (11:55):
That's the noise that somebody like bells, you know, deep,
digger higher. So what I'm going to do it gets
the bill for it goes. That's it.
Speaker 3 (12:04):
Anyway, I'm going to work you through the numbers here
because what they're expecting you to pay for a sweet
seat is incredible. Good on them because they're oversubscribed, so
clearly the demand is there. But the numbers are eye watering.
Speaker 2 (12:18):
And when the numbers are eye watering, you make that
little noise, don't you, that little involuntary noise When you
get the bill, you know, you're all gung ho about it,
and then you think it's quite a lot of money,
isn't it. Oh, well, it's only money. Thanks for obviously
going well on christ Church. I am Glenn Hart. Thank
(12:39):
you for listening to christ Church and everywhere around the world,
perhaps even the Solar system. I'll see you back here
again tomorrow with more eye watering numbers that make you go.
Speaker 1 (12:58):
For more from News Talk st 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 said be
follow this and our Wide Ranger podcasts now on iHeartRadio.
Speaker 2 (00:24):
Rerap okay, and welcome to the Rewrap for Tuesday. All
the best bits for the my hosting breakfast on News Talks.
They'd be in a sillier package. I'm Glen Hart today.
The Trump tariffs, you can't say they haven't had an effect,
So we're going to round some of those effects out
for you shortly. And speaking of Trump, he spoke to
(00:46):
well a whole lot of people today by phone to
try and wrap up the Ukraine war. Hasn't quite wrapped
it up just yet, which I thought was happening on
day one, but there's just seem to be a bit
of a pause on that. Australia moving there, why it's
not such a good idea after all, and christ Stadium,
what you can expect to pay for a week at
(01:09):
the stadium. But before any of that today it could
be all on with the fallout from the Privileges Committee
and the Maori Party and all that.
Speaker 3 (01:20):
So this debate around the Privileges Committee and their decision
over the Marray Party that starts today, as we've said,
set to be a long winded, largely pointless exercise. If
you can be bothered, get a read on where each
of the parties stand why, because you will find that
some parties do not agree with the committee and think
the so called punishment is a little bit hard now.
The Prime Minister asked about this yesterday's post cabinet press conference.
(01:41):
In fact, they were the first questions asked, which was
a bit sad and yet again a reminder of how
the press gallery is not really interested in the news
of the day and perhaps even the good news of
the day, because the good news of the day came
from the Finance Minister who were standing next to them
at said conference and a bit busy up to the
question bit outlining some new tax treatment for investment and
payments for startups, the stuff we've just been talking about,
and business is looking for a bit of a relief
(02:02):
around rules and paperwork that got scant coverage despite the
fact these are the very sorts of issues, ideas and
polos that will drag this beleagued economy out of the
quagmire it's currently stuck in. As regards the Privileges Committee,
for the record, the PM stood firm on the ensuing
debate and whether or not by bargaining away the decision
it could expedite what could be days of time wasting.
(02:23):
Now why this matters is because standards matter, and standards
in this country have become embarrassing. What the Maori Party
did was farcical as well as embarrassing. And it was
not because they're Maori or because what they did was Maori.
It was because they broke the rules, and rules count
or should count, because when they don't, people like the
(02:44):
Mari Party into a lesser degree. The Labour Party and
the Greens bring us all into distribute. Believe it or not,
there are large swaths of this country that find what
has been happening at our highest level of leadership to
be completely and utterly shocking as well as embarrassing and needless.
And we're more than over it. And by asking whether
the government can plee bargain it away so we can
(03:04):
skip a lengthy, boring debate is systematic and the problem itself.
I deal with it when we can ignore it or
water it down. If those who think this is all
okay want to debate it and remind us what mediocre
looks like, that's on them.
Speaker 2 (03:18):
I'm actually hoping for an all in brawl like you
see quite often in those Southeast Asian countries. Various difficult.
In Japan, it seems to happen there quite a bit.
Is it the Philippines? Who ever seen it happen? Or
by one or somewhere, But anyway, there seems to be
a lot of people in their houses of government there
and then they all jump in and start beating each
(03:38):
other up. I'd like to see an all end pile on,
wouldn't you. But maybe we do need more MPs.
Speaker 1 (03:45):
After all, it's the rewrapped.
Speaker 2 (03:47):
Well, I'm not sure exactly how long it's been since
Liberation Day, but the tariffs, whether they've taken effect or not,
whether they're still coming in the ones that have been
negotiated away, where are we at with all that?
Speaker 3 (04:00):
Let me ask you a question, is there's something positive,
if not ironic, in watching an economic theory turned into
reality in front of you very own eyes. For example,
the old social credit idea, remember that they could invent money.
Apparently nothing bad would happen social credit around in the eighties.
If you don't remember offering up wacky economic ideas that
because they were never tested in the real world, never
(04:20):
got put to bed in a way that shut the
believers up until COVID, of course, and along came funding
for lending and the ensuing inflation and the recessions that followed,
so there is no such thing as free money without
pain and suffering. Then came trumpet as tariffs. We had
the head start here, of course, over the Americans, given
we are free traders, have been since the eighties, and
we know what a tariff is, the damage it does,
(04:42):
the falsity it provides, the cold hard reality it protects.
So maybe some Americans thought Trump knew what he was
talking about when he said the countries paid the tariffs. Obviously,
wasn't long after that when the prices at the shop
started going up, that a few pennies were dropping that
it wasn't the countries. It was, in fact the consumer.
And not only was stuff more expensive, you might not
see as much stuff given the people who brought the
(05:03):
stuff into the shop didn't buy as much because one
they couldn't afford to, and even if they could too,
they knew they could sell it. Maybe that's why Santa
Trump started telling kids they didn't need as many dolls
or pencils. Now as the fraud is fully exposed and
retailer after retailer starts putting prices up. The President is
suggesting people like Walmart eat the tariffs, which, of course,
as the punter will find out, has downstream consequences as well.
(05:27):
If Walmart ate them or absorbed them, they can do
that because they make billions. So we're picking on successful people.
Now that profit is then reduced, The bottom line is affected,
the share price drops, the four to zero ones get hit,
the jobs get trimmed, and so it goes all the
way down the line. None of this is complicated or
difficult to understand. I suspect Trump understood it all along.
(05:48):
He so he wasn't thick. He was just dishonest. Free
markets are your only true path to successful business. All
the rest is a jack up. The fact so many
Americans never understood that until it was too late is
the real tragedy.
Speaker 2 (06:00):
I don't know if I've mentioned to you before my
podcast our library. You're my person, I'm a personal you know,
what do you call it? What do you call a
bunch of subscriptions podcast subscriptions? I'm going to call it
a library. Anyway, I'm running about two months behind on
it at the moment. I got seriously behind at some stage,
(06:22):
and I've been trying to catch up because you know,
I listened to them in sequence. Obviously, I mean, I'm
not an idiot anyway. The appshot of that is I
kind of time travel every time I listened to my podcast,
and I was listening to one yesterday from about two
months ago. You know, when was it only that long
ago when all this stuff was first announced and first
(06:43):
having its major effects on the stock market, And man,
it was funny looking back and listening to them try
to figure it all out. Funny for me, perhaps not
so funny if you're an American rewrap. Now, if you're
a Russian or a Ukrainian, you might be interested to
know what Trump had to say to Putin and Zelenski
on the phone today.
Speaker 3 (07:03):
Hey, Trump's in the garden, are talking about his phone
call it.
Speaker 4 (07:06):
We just spent two and a half hours talking to
Vladimir Putin, and I think some progress has been made.
It's a terrible situation going on over there, five thousand
young people every single week of being killed, so hopefully,
which is something we also spoke to the heads of
most of the European nations and we're trying to get
(07:27):
that whole thing wrapped up. What a shame that it
ever started in the first place.
Speaker 3 (07:32):
So yeah, So if you can find a single piece
of tangible evidence that anything actually is going to happen
as a result of the phone call for that whole thing,
then let me know.
Speaker 2 (07:45):
Because guys, wrap it up.
Speaker 3 (07:46):
I cannot find that anything's happened.
Speaker 2 (07:50):
Yeah, you get the appreciation of this whole thing. It's
just a real inconvenience for Trump and he really wants
it wrapped up. I don't quite know what the problem is.
Come on, guys, just wrap it up. They should be
called piece talk, so I should be called rap party.
Speaker 1 (08:08):
The rewrap.
Speaker 2 (08:09):
Now, as we get news of more and more people's
brains being drained to Australia, when we dig down into
the actual facts, we start to ask.
Speaker 3 (08:20):
Why, here's something you wouldn't have known. But they're having
a debate in Australia and you know how, you've got
superannuation and it's compulsory there now, and this is why
we need to watch this. They've now decided to start
taxing people who have got three million dollars or more
in their superannuation accounts, so they force you to save.
And once you've saved and done well, and there are
(08:42):
thousands of people who have got three million dollars or
more in their superannuation accounts, they're going to tax you more.
So if you get more, you get tax more. And
that came out yesterday and one of the concerns about
that is that if you've got wealthy people who are
in the workforce, they'll go, you know what, stuff you,
I'm not going to work anymore. I'm going to retire.
The wealthy, the successful will retire. And the Australian economy
(09:03):
already recorded as of yesterday, close to the worst productivity
performance in the developed world. So for all the New
Zealander's tens of thousands of them that are scarpering across
there to the new, bright and wonderful life, it's one
of the worst productive places in the world, which brings
me and I don't have time now, but I will
do it later on in the program, what you need
(09:24):
to earn in Australia to be in the top one
percent in different suburbs, and the key to it was
the average annual income in Sydney is eighty two thousand dollars.
The median income is fifty eight thousand dollars.
Speaker 2 (09:38):
So for all the.
Speaker 3 (09:39):
People who go, oh, I can go to Australia and
I'll triple my salary. Mainly, it's crap. It simply isn't true.
Otherwise you wouldn't have an average salary of eighty two
thousand in the most expensive city in Australia and a
median wage of fifty eight thousand, two hundred dollars.
Speaker 2 (09:57):
Ye are always wondered, why are massive when you did
all those different kinds of averages. You know, there's your
average median is it? Your mode is the other one?
I can't remember what the mode is, But the medium
one is the one that happens most often, isn't it?
And then the average there's obviously everything added together and
(10:20):
then divided by how many there are. And now I
get it because when you're talking wages, if somebody's getting paid,
you know, a million, gazillion dollars, it can skew their
average a little bit kind of it, whereas if most
people are getting paid fifty two thousand, that makes more sense.
Says one. It's good or have I got I've.
Speaker 1 (10:38):
Properly well, it's a rewrap.
Speaker 2 (10:42):
I certainly can't do the sums on how much it
costs to get a suite at the new christ Jet Stadium.
That doesn't end up for me.
Speaker 3 (10:48):
The best piece, and I read yesterday, was from Mike Thorpe,
who we worked together on seven Sharp for a period
of time before we both realized that there was life
outside of that and we've moved on to better things.
One of the things he's moved on is writing an
article about christ Chich Stadium and which is going to
open very shortly, and the suites, the flash seats are oversubscribed,
(11:10):
so good news part number one. For a suite, you're
paying four thousand, seven hundred and thirty seven dollars per
year per person. And that does not include concerts, all
black tests or anything that I can work out exciting.
Speaker 2 (11:34):
How many in the suite, how many persons per suit?
Speaker 3 (11:36):
It depends. The biggest is sixty.
Speaker 5 (11:39):
Oh, I don't need to say I don't need to
say anything more. You can't sun you can't sum it
up any better than that.
Speaker 2 (11:55):
That's the noise that somebody like bells, you know, deep,
digger higher. So what I'm going to do it gets
the bill for it goes. That's it.
Speaker 3 (12:04):
Anyway, I'm going to work you through the numbers here
because what they're expecting you to pay for a sweet
seat is incredible. Good on them because they're oversubscribed, so
clearly the demand is there. But the numbers are eye watering.
Speaker 2 (12:18):
And when the numbers are eye watering, you make that
little noise, don't you, that little involuntary noise When you
get the bill, you know, you're all gung ho about it,
and then you think it's quite a lot of money,
isn't it. Oh, well, it's only money. Thanks for obviously
going well on christ Church. I am Glenn Hart. Thank
(12:39):
you for listening to christ Church and everywhere around the world,
perhaps even the Solar system. I'll see you back here
again tomorrow with more eye watering numbers that make you go.
Speaker 1 (12:58):
For more from News Talk st 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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