THE RE-WRAP: Demand, Supply, Wars, Etc...

THE BEST BITS IN A SILLIER PACKAGE (from Wednesday's Mike Hosking Breakfast) Oh, and it Applies to Diesel Too/Why Is Auckland So Intense?/Dude, Where's My Frozens?/Fun Time to Fly/Bad Ban Better Than No Ban

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Episode Transcript

Speaker 1 (00:09):
You're listening to a podcast from News Talk said be
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Speaker 2 (00:24):
Rewrap.

Speaker 3 (00:25):
Okay there and welcome to the Rewrap for Wednesday, all
the bestfits from the mic hosting breakfast on News Talks.
He'd be in a Sillier packet. I'm glen Hard today.
Things are getting intense in Auckland. I know, intense and
that or something. It's all very complicated. The hines what is?

Speaker 1 (00:42):
What is?

Speaker 3 (00:42):
Heines? It doesn't really matter. They're not there anymore. Airline costs.
It's hard time to be in the flying business apparently,
and the social media band in Australia will just depend
and see how that's working out. But first up, how
come diesel has suddenly got so expensive?

Speaker 2 (00:58):
I know we're all bored talking about fuel prices. Well
there's your first mistake. When I'm not remotely bored. I
love talking about fuel prices. But I've just driven down
Wyral Road, Glenfield, did you drive on Yral Road. I
don't go to yrail Road often because mainly it doesn't move,
so I don't know that you drove down it, but
you might have been there for a while anyway, diesel
is now ten cents more expensive than ninety one. How

(01:19):
can this be Well, it's very simple, Joe. The answer
is it is an internationally traded commodity oil as is
refined petrol. Diesel is in big demand because the people
who broadly speaking use diesel use a lot of it,
and we have less diesel then we have regular That's
why I noted in christ Church the other day that
ninety eight is the same as ninety five. Why because

(01:40):
not many people use ninety eight, so they need to
discount the price of ninety eight to get people to
use it. Hence, they're putting the price of diesel up.
Because apply and demand, the demand is up, therefore the
price rises as well. So you'll see more and more
of this because as people with regular petrol stop driving
as much, that might well bring the prices down because
they need to shift the product. But diesel won't go

(02:01):
down because the people who use diesel have to use
diesel because it's business related and they don't want their
business to be hit. Hence the price goes up. I
hope that's simple enough for you.

Speaker 3 (02:12):
So wait, if more people want diesel, then people have diesel.
It gets more expensive. Holy Molly, re wrap so well,
it used to be fun to make fun of labor.
And they didn't build enough houses, and they said they
were going to build eat to houses and they didn't
build heat to houses. And now it turns out that

(02:33):
nobody knows how to build houses in Auckland, or that
they can't build the ones that they want, or they're
not iron up or close enough together or something.

Speaker 2 (02:42):
Now the Auckland housing number, the government's housing vision now
looks like a school project basically gone wrong. Chris Bishop,
by anyone's standards, a competent, if not excellent, political operator,
appears to have come unstuck on Auckland housing. There's two
million homes, got the sort of reaction anyone with anything
to do with Auckland might have expected. So after a
lot of gnashing and expletives, that got readjusted to one
point six, and now, if you can believe it, it's

(03:04):
down to one point four. The real issue, of course,
is the number, and all number are huge, so they
freak people out. Not helping is the fact Bishop is
not from Auckland. He's from the Hut, which doesn't mean
he can't make decisions on Auckland. It just means he
doesn't seem to know what roch Rex Auckland is up,
and the obvious suggestion is made that maybe that's because
he's from Wellington. Making it worse is the government has

(03:25):
a Minister for Auckland, but he seems to be nowhere
to be seen, and one wonders whether he was in
bishops Here at any point. Suggesting bandying around large numbers
and causing confusion about high rises in suburbia wasn't the
smartest thing he could have done. Not helpful either for
the government given its election year. Of course, like it
or not, elections are won and lost in the country's
biggest city and economic engine room. Also about to Land

(03:48):
is a report on volcanic view shafts, another of Auckland's
special features. Bishop doesn't seem to get. We can delve
into it another day, but in assigned Bishop is all
about bottom lines and not the real world. The report
suggests there is four billion dollars worth of lost productivity
because of these view shafts, which averages out to two
and a half thousand dollars a house, the inference being
if we just got on and built stuff, Even if

(04:11):
they are high rises smack bang in the middle of
your ring a toto view, we would be off to
the races. Economically, I can tell Chris, even before the
reporters released this will go down worse than the original
two million homes idea. In really simple terms, if the
National Party and by default the Government want to piss
a large number of Aucklanders off, let Bishop loose on

(04:31):
the place and we'll catch up for a drink at
the opposition benches.

Speaker 3 (04:35):
Yeah. I just find it very interesting that it's easy
to criticize people. Yeah, and then you know over many
years at about a certain situation, and then when you
get in there and you have to sort it out yourself,
turns out it ain't so easy. Wrap Now, this whole
business of hinds what he's what he's hinz the frozen

(04:57):
food not being done here anymore as sign of a
broader issue.

Speaker 2 (05:05):
I can help Steve Abel. Steve is the Greens agric
vulture bloke, and he wants an urgent inquiry into what
is heinz Messenhawk's bay. He's wasting his time, of course,
not because he shouldn't be concerned, because he should, We
should all be concerned. But the answers he seeks are
already readily available. He asks about four main things, the
regulatory environment, energy costs, foreign owner indifference, and anti competitive

(05:25):
behavior from the supermarkets Well newsroom as in the website,
they wrote a very solid piece about all of the
several weeks ago featured on the program, in which it
was broadly concluded the troubles in the Bay have been
coming for basically a decade, so some late breaking alarmism
from Steve Via Yet another committee addresses nothing. Costs in
this country, of course, are too high, and I refer
you to Paul Conway's speech last week to a bunch

(05:46):
of financial operators. We are unproductive, have been for years.
Supermarkets have indeed played a part the home brand scenario,
damaged the more premium brands and what etc. Have suffered
because of it. Now is that anti competitive or offering
more competition? See does the pun to want choice and
price range? I would have argued dumb, Yes. Energy costs specifically,

(06:07):
well what is Hinds have both spoken to this. They
are ruinous. Gas or lack of it has killed a
lot of manufacturing in this country. The Greens might like
to ask themselves why they got obsessed with solar panels
and band gas before there was enough solar panels to
cover the energy gaps. The old regulatory environment. Now that's
an interesting one because Labor and Nikola Willis have both

(06:27):
jawboned rules and REGs and watchdogs and ComCom investigations. But
to what avail, nothing has changed, which either means there
is nothing to change or they're useless. Foreign owner indifference. Now,
I would suggest that sounds a little bit xenophobic on
old Stevie's part. Yes, I know what he means. Could
be a massive player in Detroit? Could they sit in
Detroit cut ties without losing sleep and little Old New

(06:48):
Zealand at the bottom of the world. Of course they could.
But no one invests and runs businesses or does it
with indifference. They're all invested now between the dumping the
cheap stuff consumers prefer, the size of our market, and
the ruinous cost of energy. You see, it's all there
as a combustible recipe to blow up a lot of
business models. Peas in a bad Peaches in a tin

(07:10):
is one of the victims. The inquiry is not needed.

Speaker 3 (07:13):
Yeah, it's almost like it's about doing business and the
customer knowing what they want and serving the customer, and
if you can't do it economically, then there's no point
in doing it. So a lot of that going on
to the podcast today re Wrap actually speaking of their
cost of things airlines men who would want to try

(07:37):
and fly an airplane from one place in the world
to another at the moment.

Speaker 2 (07:39):
The wording is the problem. As far as I can
work out, Korean air is moving into quote unquote emergency
management mode. Now doesn't that freak you out? And we
don't need to be freaked out at a time like this,
So they are. They're implementing internal cost reduction measures. So
in other words, for you and I have the flyer,
it makes absolutely no difference. They're doing stuff internally, so
why would they want to call it emergency management mode?

(08:00):
Double shock? For the Asian carriers, this may affect us
a lot of Asian airlines coming into this particular part
of the world oil prices and regional jet fuel shortage.
Busani has done the same thing Asiania. I don't think
Asiani is here, are they? So anyway? Slow upgrades of
other investments internal procedures. Some airlines may reduce a number
of flights China Eastern, which I think is here. They're

(08:22):
saying overnight disruptions could weigh on their operations this year.
Cafe fuel surcharge has been included at A and A
as an all nippin nip On will not be raising
or putting fueled SEO charges on at this point for
April and May anyway. So she's she's a fluid situation
in the world of aviation at the moment.

Speaker 3 (08:40):
But like following interest rates, if you're buying and selling houses,
very very important story. But if you're not, or you've
got your mortgage paid off or whatever, it doesn't matter
quite so much. It's the same the same with the
airline prices, isn't it. Like I'm flying to Europe in May.

(09:02):
So I'm very interested in what's happening with all that
re wrap. Let's finish up with a little just a
little check to see how that an Australian social media
band's going. I'm assuming that no young people having issues
with social media anymore. Their mental health is skyrocketing and
it's all turned out great, hooray.

Speaker 2 (09:21):
To the e Safety Commissioner's first report in Australia. So
was it and I was reading this week and I
can't remember where it was. Was it Denmark who were
the latest one of those European countries. I mean, it's
become a thing. So they decided to ban kids on
social media. Now, as much of us as parents would
think that's a fabulous idea and something should be done

(09:42):
about it. It was never going to work, and it
was never going to work for obvious reasons. One the
technology doesn't really exist to the point of our satisfaction,
and two kids don't want it. Like it or not,
kids don't want it. So Australia started it, and in fact,
of all the things the countries that have done something
about it, I would personally argue we're still as usual,

(10:04):
mucking around looking at it, saying we're going to do
something eventually, but going nowhere fast. Britain seems to be
the best model instead of just leaping in like the
French or the Danes or the Australians in any of that,
and just doing it with a bit of legislation that
won't work. The poems are at least having a controlled
study with several hundred kids, some of whom will have

(10:25):
no social media, some of whom will have some social media,
some of whom will just carry on as normal. Then
the kids and the parents will be talked to and
they'll work something out from that point. Because they put
it to a vote in the Parliament and it got
voted down, which I thought was interesting. So anyway, back
in Australia where they began all of this nonsense, the
reports out yesterday are Julie Inman Grant. There are quote

(10:49):
unquote significant concerns. Julian and Grant, by the way, was
the woman the US were after, remember the congressional hearing
people they were wanting to. They accused her of being
anti American, an anti democratic, and she had X number
of days to front up to America and I don't
even know she ever did, to be perfectly honest. But anyway,
next time I talk to Steve, which is later on
this morning, I'm going to ask him that any social

(11:09):
media platforms have taken some initial action in her initial report,
but E Safety is shifting towards an enforcement stance which
may see these tech giants and the people we're dealing with,
of course, our TikTok, Facebook, Instagram, snapchap and YouTube shifting
towards this enforcement which may see them in court basically
with fines up to forty nine and a half million
dollars for non compliance. Some initial progress in the first

(11:32):
three months of the band, but they haven't kept pace.
Now could we safely say then and now that this
was always going to happen? Is social media in the
business in countries at the bottom of the world remotely
interested in not having kids on their platform? Answer? No,
so that's and do you think it's ever going to

(11:52):
end up in court? Possibly? Do you think anyone's ever
going to get fined? Possibly? Do you think any of
that's ever going to make any material difference to the
kids growing up in Australia?

Speaker 1 (12:00):
No?

Speaker 2 (12:01):
So do you sit there with what do you say?
That's a success? It's a bit of legislation that does
something that's not effective. Is that a success? It's the
weirdest thing in the world, isn't it?

Speaker 3 (12:10):
But surely do you not say, well, at least if
some kids follow the rules and don't use it, then
they will be protected and that's better than no kids
being protected. Isn't a bad band better than no band?
I don't know. I am Gillian Hart. That was the rewrap.

(12:33):
We'll be back with another one. Tomorrow. It's available in
most places. You don't even have to be on social
media to be able to listen to me. That's so yeah.
I'm having a bad effect, a bad influence on everyone
who listens, that's for sure. Can't You can't argue with that,
and I'll do it again tomorrow.

Speaker 1 (13:00):
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