Episode Transcript
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Speaker 1 (00:09):
You're listening to a podcast from news Talk, said B.
Follow this and our wide range of podcasts now on
iHeartRadio The Rewrap.
Speaker 2 (00:25):
Okay, then welcome to the Rewrap for Thursday. All the best,
but's from the mic asking breakfast on Newstalk, said B,
and a sillier package. I am Glen Hart and today productivity.
Speaker 1 (00:36):
What actually is it?
Speaker 3 (00:38):
Emma Aitken?
Speaker 2 (00:40):
I bet you thought we weren't talking about that anymore,
but we sure are. And then, but first we're going
to talk about evs because everybody's rushing out to buy one.
Speaker 3 (00:51):
Or are they? We'll find out shortly, But first, how
much does it cost to run one? Again?
Speaker 4 (00:56):
I note the winging has started from the EV owners already,
as their fixed price deals for recharging their leafs at
home has come to an end. Some claim the new
deals being offered by the power company is going to
be fifty percent higher. How can you poss be surprised?
Did you think you would get away with it forever
for a while? Are the more deluded? You may remember
lauded the road tax loophole as well, until that got closed. Anyway,
(01:18):
the power companies see EV owners work this out. They
see you as a new revenue stream, as petrol may
or may not become a commodity not worth bothering with anymore,
at least for cars. Car dealers will be licking their
lips that a product three and a half short weeks
ago they couldn't shift for love nor money may have
awake time as the desperadoes clamber in for something that
(01:38):
unshackles them from the tyranny of oil. But equally, if
it becomes a thing. It is way too early to
say whether or not it is, of course, but if
it does, power companies will not believe their luck in
almost entirely new revenue stream, not just from a whole
new series of customers, but old customers paying way more
now that they've got you hooked in. We must remember
power prices arising because renewable investment and basic line maintenance.
(02:01):
Of course, the Commerce Commission has allowed big increases for
you and me to upgrade the infrastructure. So maybe the
way to see an EV is not about the cost,
although it is still cheaper, but more about the convenience.
And despite the doom merchants, we are no longer running
out of power, so don't text me ever again about
if we all get EV's we're going to run out
of power. We're not. In fact, one of the country's
most upbeat stories. We've seemingly transitioned or will pretty well
(02:23):
in terms of baseload and meeting ongoing, if not growing demand.
It's why Sri Lanka overnight has turned the kneon signs
off and told office workers to kill the ac. They
don't have Clyde, they don't have Taupo geothermal. They need oil. Now,
this won't be a moment, by the way, in case
you're thinking of it, this won't be a moment for
public transport. They've blown that it's too unreliable. So the
(02:44):
current burst of patronage we're seeing that'll vanish as quickly
as it a right. But evs might be having their moment,
and once you're in you might not go back. That
critical tipping point might have been provided by a war.
Speaker 2 (03:00):
Yeah, Mike and I are having a conversation off here
this morning about how many people who've rushed out to
buy an EV have really done the mass on how
much is it actually costs, because there is this sort
of a vibe that it's just kind of like, you know,
you drive your car for free, around the place.
Speaker 3 (03:19):
And also how many.
Speaker 2 (03:20):
Of those new EV owners you know have also invested
in a fast charger as well, because yeah, while you
can just plug it into the wall, it takes eight
hours or more to charge it out doing that way,
and that will put you well outside of any you know,
off peak few hours in the middle of the night
(03:42):
or whenever those off peak hours are supposed to be.
So anyway, it's the rewrap. Like I say, it hasn't
stopped people. In fact, we've got the figures, Mike. I
think Mike was a bit skeptical at first when claims
were being made that people that the evs were rushing
out the door. Looks like they actually are.
Speaker 4 (03:59):
The EV things real. So yesterday for the new registrations,
one thousand and thirty three evs and p heabs. Compare
it to two hundred and twenty five this time last year,
So two twenty five up to one thousand and thirty three.
It's twenty percent of new registrations in cars in this country.
Normally it's five or six. So a chunk of New
(04:22):
Zealanders have materially gone out and bought themselves an EV
byd are telling us they're completely sold out.
Speaker 2 (04:29):
And at that point are you so desperate, Because these
are desperate times to have an EV that you'll like,
any EV will do. So you work your way down
the list and eventually you find yourself driving around in
a dong thing box.
Speaker 3 (04:42):
I'm not saying any like. I have actually seen the
dong thing box.
Speaker 2 (04:47):
I drove past one the other day, saw it on
the yard, as I suspected. It looks like a box,
but it might drive really well. I'm sure it's got
a lot of cool features. I'm not saying I wouldn't
drive one if somebody gave me one. This is not
(05:10):
me asking somebody to give me one. I just want to.
Speaker 3 (05:12):
Make that clear fact.
Speaker 2 (05:13):
What I'm saying is that, do you go, oh, I
can't get a bid well, I guess it's the dung
thing box?
Speaker 3 (05:20):
Or do you just wait till the BYD's come back
and stop, by.
Speaker 2 (05:22):
Which time maybe oils come down again, and maybe the
picture is not so expensive anymore, and maybe your fever,
your your EV fever's just sort of abated somewhat. And anyway,
as I say before, interesting rap, Okay, we hear so
much about product productivity, don't we. There's a productivity slump.
(05:45):
Our productivity is not as good as other people's productivity.
Is how do we have more productivity?
Speaker 3 (05:53):
Both kind of don't really know what it means for you.
Speaker 4 (05:58):
Now, the problem with people like Paul Conway. You know
Paul Conway. He's the chief economist at the Reserve Bank.
Problem with people like him is they know some stuff
and they sound good in a speech, but the record
exposes them badly. So he gives speech yesterday to the
National Financial Advisor's conference. He talks about how expensive this
country is, and he talked about our lack of productivity. Now,
if the speech of in a school project, he probably
would have got a good mark. He couldn't argue with
(06:19):
a lot of what he said. We aren't very efficient.
Things like construction cost more here than anywhere in the OECD.
We were once okay ish at productivity. We aren't any
more in our real ability to buy stuff. As going backwards,
he noted before twenty twenty, our purchasing power was growing
faster than the OECD's on average. Now ask yourself a question,
what happened in twenty twenty? In post twenty twenty, Well,
(06:39):
that's right, that's COVID. So COVID was no one's fault,
well possibly the Chinese, but the response was the key,
and in that response, as is well documented, we blew it,
blew at sky high and ended up with inflation north
of seven percent, some of which was overseen by mister
Conway and mister raw at the Reserve Bank. Inflation, argues Paul,
is critical. Given the cash rate helps anchor prices?
Speaker 3 (07:02):
Does it?
Speaker 4 (07:03):
He cites the prices that make us the most expensive
place in the world, rates, power, insurance. Did the cash
rate do anything for those? No? Other prices he cited,
like butter and lamb also expensive, are expensive for obvious
and well documented reasons, and ironically expensive for good reasons
for New Zealand Inc. Part of the issue, of course,
is market size. It's why Walmart's successful. It has a
(07:23):
population base of over three hundred million. We don't. Supply
of goods always cheaper per unit when you buy them
by the million. We don't. The productivity question, of course,
has been bounced around for years and never really solved.
I mean, many people don't even agree what productivity is.
Is it a robot replacing a human, is it building
a road faster? Is it inventing a thing that changes
the world. Part of the reason the Reserve Bank Blue
(07:46):
COVID so badly is they write speeches like Conways. They
live in Wellington and small rooms, theorizing the moment. You
give them a bit of real world look at what
they do with it.
Speaker 2 (07:54):
I am. I'm always trying to app my productivity.
Speaker 3 (07:58):
I massive, Matt.
Speaker 2 (07:59):
I'm trying to do four tech reviews this week, publish
for them, so not quite one.
Speaker 3 (08:07):
A day better.
Speaker 2 (08:11):
They're usually around about a thousand words, between eight hundred
twelve hundred words, and then I make a little video
as well. I've actually got to use the products too.
That's the tricky part there, So I end up using
a lot of things all at the same time, so
I have to be I do have to be careful.
I don't accidentally vacuum the floors with a security camera,
(08:33):
but sometimes you get surprising results when you do do that.
There wrap up, and then out of the blue, we've
got a new episode, a new season if you like.
Speaker 3 (08:42):
Of judging the judge.
Speaker 4 (08:46):
Who do I blame? I'm just trying to work out
who I blame for this, so Imera can judge. We
covered it quite substantially at the time, number of weeks ago.
Funnily enough, just yesterday afternoon, I was thinking, whatever happened
to this case? So the Ameraken Judge, she's Northern Club,
Winston Peters. She pops ahead and.
Speaker 3 (09:03):
She yellow dress, Yello dress. Don't forget the yello dress.
Speaker 4 (09:05):
Yellow dress, fetching, look beautiful. That was the New Zealand
first super important, very very good, beautiful dress. She came
into the room radiant, fabulous. That came from the New
Zealand first Witness, not Casey Costello, but the other mind
of the New Zealand first minder. She may or may
not have yelled at Winston Peters. She may or may
not have recognized Winston Peters. She may or may not
(09:26):
have had two glasses of champagne.
Speaker 3 (09:28):
Deliberty doctor was a celebrity doctor.
Speaker 4 (09:29):
There was a celebratory doctor who was her partner. In
the room next door. There was the k C clearly
several sheets to the wind, who was filmed later going
don't you come to host me because I'll sue you.
Speaker 3 (09:44):
This is late last season on it is on the Judge.
Speaker 4 (09:47):
Anyway, We come to the bill this morning, which hasn't
quite been settled, but it's sitting at about a million
dollars in counting, So we got a million dollars worth
of legal bills at this particular point in time, and
we've got note. What I was thinking earlier on was
to myself quietly as I prepared myself for the day
in my on suite, was if I was listening to
(10:08):
the as I was on the panel, I will have
made up my mind by the end of it, Like
I board it everybody, and I'm thinking, what am I
going to do with this? And I'm assuming this would
be relatively quick. We'd get together with the other panel
members and I go, well, I heard this, and therefore
as a result of that, I think this, what do
you reckon? And they'll do it and then we'd massage
something together and come out with a decision. Anyway, that
hasn't happened yet. So one million dollars by the Ministry
(10:29):
of Justice and Crown Law on the Judicial Conduct Panel
as of mid March five hundred and four thousand, but
over five hundred and four thousand of that, Three hundred
and sixty two thousand went on the judges' legal costs,
one hundred and twelve thousand on the panel members fees,
travel accommodation and it support. Under Section twenty seven Brackets
two of the Judicial Conduct Commissioner and Judicial Conduct Panel
(10:51):
Act of two thousand and four, reasonable costs of representation
in respect of the inquiry must be met by the
Office of the Commissioner. So in the Good Judge's case,
three hundred and sixty two thousand dollars Crown Law Senior
Crown Council is funding the professional fees and disbursements of
the Special Council and the Council assisting and the research assistance.
(11:12):
We've got a bill. There are four hundred and twelve
thousand dollars or four hundred and ten thousand dollars traveling
accommodation currently sitting at eleven and a bit thousand dollars.
You add all that together, you've got a million dollars
in counting. So I've decided I'm blaming New Zealand first
because what she did, Judge Akin, is unbecoming. It's certainly
not a sackable offense. In my humble opinion, It's something
(11:32):
she shouldn't have done, and she should have kept her
sticky beak out of it and simply carried on to
her function equally, if I was in the room with
New Zealand first, I wouldn't have elevated it as it
was to Judith Collins, who then elevated it to the people,
who then elevated it to the panel. Hence we're a
million dollars down the drain for what? Really? I mean,
(11:53):
if what I'm right, if I'm right in saying that
she's going to not get sacked, which I don't think
she will or should, then what have we achieved? He said?
She said never the Twain shall meet. She wore a
nice yellow dress. There was a pissed case KC. Her
husband's a celebrity doctor. And we were moderately entertained on
this program for about three or four days.
Speaker 3 (12:13):
Yeah, so quite a lot of content, great content. I mean,
if we're charging that out at an hourly.
Speaker 4 (12:20):
Rate, how how many days was I entertained for? It's
three or four? Wasn't it was at least four?
Speaker 3 (12:28):
Well, went over a couple of weeks, Yeah.
Speaker 4 (12:30):
I know, but I didn't get interested into the latter part.
So let's let's say six or seven days. I sat
one hundred thousand dollars a day, easily in front of
how many people listen to the show five six, seven
hundred thousand. It's like a bucket person.
Speaker 3 (12:41):
I mean, you think about what your hourly rateers alone.
That's true my onto it.
Speaker 4 (12:45):
Yeah, but I'm quality. I mean, was that quality? It
was moderately entertained. Anyway, we'll see. Well, all I want
now is for them to make a decision, and then
the next question is can it be appealed? Give me
that answer, go to the research department, give me.
Speaker 2 (12:59):
That and after a bit of back and forth, we
did and they can. So yeah, this could be an
ongoing season of judging the Judge, which is exciting. I
think it's been pretty entertaining. I don't know how informing
it's been, but it's been entertaining anyway. So that was
my attempt at being productive for this thing. Anyway, if
(13:24):
you are interested in my tech reviews, go to the
Newstalks they'd be website and just put technology into the
search box. You'll be amazed at what comes out. You'll
see me being mean about a Dyson. I'll have nice
things to say about an iPhone this week. Little this
is there that every one hasn't been published yet, just
(13:46):
between you and me, haven't quite finished writing it yet,
but ll be.
Speaker 3 (13:49):
Going up in a few hours. Type mark my words.
That's how productive I am.
Speaker 2 (13:53):
And wait till you see me vacuuming the floors of
that security camera. I'll see about here again.
Speaker 1 (13:57):
Environs for more from news talks that'd be listen live
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