Episode Transcript
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Speaker 1 (00:09):
You're listening to a podcast from News Talk sed be
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Speaker 2 (00:24):
The Rewrap and welcome to the Rewrap for Tuesday, all
the best bits from the Mic Hosking breakfast on News Talks.
He'd be in a sillier package. I am Glen Heart
and today come. We haven't got more hydro mind that
solve all our problems.
Speaker 3 (00:39):
The Jerome power.
Speaker 2 (00:40):
Investigation and the way that it's affected the political climate
here in the old in z Are we feeling any
safer in our inner cities despite following crime statistics and
the retirement age is just going up and up and up.
Speaker 3 (00:58):
We never at this fact, we never are tiring.
Speaker 4 (01:00):
But before any of that, let's be optimistic.
Speaker 3 (01:04):
Go on.
Speaker 5 (01:04):
Twenty twenty six holds the most promise in years. Mike Jones,
economist at the ASP, said that like all numbers men,
he's had to look at the year ahead. How to
think about what we're in for. Uncertainty is one absolute. Personally,
I'm finding it a mix of fascinating, stimulating and exciting
At the moment, am I mad? The rules globally, of course,
are being rewritten in front of our eyes, tests of
(01:25):
all sorts of leadership and backbones are being played out daily,
and as an observer at the bottom of the world,
know there isn't a lot you can do about it,
but boy, it's unreal to watch at the moment, don't
you think? And from what I've learned so far, this
all enhances us as a place of some respite and escape.
I think we're going to be fine. But back to
the year, things basically are looking up and that is
why you got what you got in the PM State
(01:45):
of the Nation yesterday. Nothing specific. If you read Richard
Prebble's piece which was very good a week or so
back in the Herald, he mentioned the amount of reform
this government is undertaken, and in that observation is your
answer to the speech. Given all that's going on, all
that you had to unfold and play out, why would
you need to drop anything new. Say whatever you want
about the Prime Minister, but he's working pretty hard at
being the adult in the room. True to the business background,
(02:08):
this is about the big picture, about decisions, big decisions,
the foundations, the long term deal. The foundations have or
are being put in place. The election is about showing
us some results. That's where the Jones observation comes in,
and also to remind us that professionals hold the reins
and this is all going to pay off over the
next period of time. Whether enough of it is evident
to your average voter is of course what makes this
(02:30):
year gripping. As always, there will be no shortage of
those telling us you, well, it's mess, it's all gone
wrong and only they can help. But the key to
the speech yesterday was the fact that there were no lollies,
no enticements, for they would have been seen surely as
signs of panic bribery. And election year is the surest
indicator the people who run the joint of freaking out
the speech yesterday, whether it's outline, its version, its reassurance,
(02:52):
it's a good sign. They feel good about the direction
of travel as well. They might from manufacturing to confidence
to GDP. As Jones says, twenty six holds the most
promise in year.
Speaker 3 (03:04):
There go New Zealand.
Speaker 2 (03:06):
Ah, that's Mike's message for you today. Don't be a downer,
got it? Okay, work on that. We'll see how we're
going tomorrow.
Speaker 5 (03:15):
Rewrap.
Speaker 2 (03:16):
Now a lot of people are wanting to know how
to fix things like I don't know our power supply situation,
given that there seems to be more and more and
more and more and more demand for it.
Speaker 3 (03:32):
It's complicated.
Speaker 5 (03:33):
Mike, Why aren't we building more dams? They're reliable and green.
Seems ridiculous. We wouldn't. Well, I can answer that question
because the last dam we built was behind time and
over budget by some considerable margin, and getting anything done
in this country up until recently has been a nightmare.
But nevertheless, do look up an article a reference to
moment ago. Mike Rhones his name. He's the Meridian Chief executive.
Appears on the program periodically. Anyway. He was featured in
(03:55):
an article about a week ago, maybe a bit more
in the Herald Meridian. Boss backs more hydro after the
twenty twenty four winter price shock. A couple of things
came out of that that I found interesting. One, he's
all about hydro, and I was thinking it was all
very well to be all about hydro, but we're not
a country that's into building stuff of that size and
quality anymore. He thinks he talks about POUKUCKI, which I
(04:18):
find interesting. He wants to somehow extend that to sort
of Onslow, it make it a bucket. But he also
says that that deal they've done at Huntley, which is
the irony of the article. The deal they've done at Huntley,
this is coal of course, between all of the power companies,
solves our problem. So this business of being in winter
and having no power, that's now, he says, solved. So
I was very reassured by that. So whether we ever
(04:40):
get around to it's like retirement, isn't it. We'll talk
about that later as well. It's like the young we've
got to solve the retirement problem. Here we go again.
It's like, well, we've got to build more hydro dams,
are we? I mean, there are some things we can do,
some things we just keep talking about.
Speaker 4 (04:55):
And it's not a quick fact. Is that building a dam? Ah?
I mean it'd be great probably to have more, but yeah,
it's not.
Speaker 2 (05:11):
I reckon it would take longer to build a dan
then to make a teacher or a doctor other.
Speaker 3 (05:16):
Things that we seem to be short of at the moment. Right.
Speaker 2 (05:19):
Whoever thought that Jerome Powell, the head of the US FED,
would be causing political ruptions here in little old in
z little internal rhyming scheme. Did you pick up on that?
I didn't do it on purpose. It was purely any accident.
Speaker 5 (05:36):
Of all the nutty stuff Trump is up to at
the moment, the most agreegious I think is the DOJ.
Powell investigation. Jerome Powell I have got not one shadow
of doubt, makes, along with his board members, decisions based
on traditional economic or monetary thinking. Trump does not. Of course.
Of course, you can debate, as we have in this country,
whether a governor or a chair or a central bank
is doing the right thing or a good thing. But
(05:57):
what you don't do is weaponize the law to hunt
them down. The central bank's independence is the cornerstone of
how a lot of the world's economy works. It matters,
which is why so many central bank chiefs came out
in defense of Powell, one of which was our newlymitted governor,
doctor Bremer. She is now, it seems, in trouble. Winston
I didn't take that seriously, actually, but Willis I do,
(06:18):
and together I most certainly do. Both now have spoken
out against her move. Willis says she should have taken
advice now. Bremen says she didn't want to wake Willis
at three in the morning. Now that in itself worries me.
I've woken the boss here at three in the morning
because my computer password doesn't work, and I would have
no hesitation ringing Willis. At a similar time, I worry
about Bremen's weakness, but more importantly advice on what Bremen
(06:42):
is independent? Irony is the entire debate around Powell is
about independence and the defense of it. Can Bremen now
only be independent if the government says so? Is that
what's going on? And if that's the case, how far
removed from the Trump view of the world as Peters
and Willis are Willis and Peter's scared of America and
the White House? And would the advice have been Look,
obviously you're independent, but please keep in mind we're scared
(07:05):
witless of the nut job in Washington, so anything you
can do to stop things messy would be appreciated. Or
or if we are universally agree that Breman should have
taken advice, is she in fact a loose unit? Have
we hired the wrong person, a person who's put a
foot in it having only been in the job about
fifteen minutes, So which is it? She's independent and good
(07:25):
honor or. She's a puppet of the government, and she's
in trouble, basically trouble waiting to happen.
Speaker 3 (07:31):
Answers please no, I'd know if I agree with I don't,
Mike be.
Speaker 2 (07:34):
I don't think you should be waking people up at
three o'clock in the morning. I mean, obviously, I'm up
at three o'clock in the morning. And this morning I
discovered that because I hang my clothes that I'm going
to wear on the back of the bathroom door, that
cause minimum disruption to anybody else in the house or
in the bedroom for that matter. So I hang my
(07:56):
clothes up the night before, so they're all good to go.
I've made that decision what I'm wearing and all the
rest of it. And I hang my glasses. I looped
them into a belt loop on the trousers, except last night,
for whatever reason I didn't. I thought, bloody, how am
I going to have to go to work with no glasses?
How will I get there? I won't be able to
see where I'm going. And then I remembered I had
(08:19):
a sparepa down in the garage. So I'm wearing my
old glasses today. So if you're thinking, man, you don't
look as cool as you normally look.
Speaker 3 (08:27):
Glen. It's because I'm wearing the old glasses. That's why
the re rabbit. You can tell how I look by
how I sound.
Speaker 4 (08:32):
Can you now?
Speaker 2 (08:35):
Have you ever been hassled on your way and out?
Or in fact, why.
Speaker 3 (08:39):
You've been at a restaurant in the inner city.
Speaker 5 (08:41):
Door called Ruby. It's in a street called High Street,
which is in Auckland, which is a very nice street
in the central part of Auckland City. Once again, I
apologize him. I'm boring the rest of the country, Whitler's.
But the problem is to a degree anyway nationwide. Anyway,
Ruby's closing permanently. They announced us yesterday they're closing their
High Street shop permanently after twenty four years. They cite,
now this is the media beat up or is the
(09:04):
regenuine story? Here they're sighting safety. So the headline safety
concerns right of downtown's dreadful. It's a problem. Here's another
shop closing up. So they cited safety concerns, changing energy
in the CBD. I don't know what that means. And
and here's a big clue, need for a bigger space.
(09:24):
And they reiterated that their High Street store was no
longer big enough for the business. So is it a
size thing or is it a safety thing. We've reached
a point where the ongoing realities of Auckland CBD mean
High Street is no longer the right place for us.
We have been holding on, but in the end that
space is no longer where or what we need for
(09:45):
our retail environment. Now, all of that's fine, they can
think and say whatever they like. In present day Auckland,
the central city has had a rough time. There are
genuine and ongoing safety concerns for our team, so they've
got a bit of everything going on there now. The
only reason I raised this with you is twofold one
Mark Mitchell's on the program tomorrow two. It was part
(10:07):
of the Prime Minister's speech yesterday in which he feels
very confident to talk about law and order, and so
he should. Broadly speaking, this government has done it very
very under the auspices of Mitchell, are done a very
very good job on law and order. Law in order
is nothing like the issue it used to be in
this country. However, we are still standing by in the
Auckland CBD area. Are we not? For the move on orders,
(10:29):
what happened to that before Christmas they were sorting it
all out, and all the homeless people and the drug
adult and the drink addult who still frequent the area
are seemingly still there. And I cite the second part
of the story where we were downtown on Saturday to
celebrate Katie's birthday at a very high end a restaurant
in a part of Auckland that I found fascinating. It
(10:50):
was a small street in which at one end you
could look at the worst of Auckland and at the
other end of the street you could look at the
best of Auckland. And this restaurant was somewhere in the middle.
And if their punt pays off, all of Auckland will
be what they want it to be. And I wish
them the best with it, and I hope they're right,
because clearly the fit out of the restaurant was spec
tacula and a lot of money had been spent, and
(11:11):
with that money a lot of optimism that maybe things
would eventually come right. But to come right, they need
to get these move on or what is sorted. They
need to get these people out of the downtown area
and they need to solve this problem. And this is
where the government needs to actually be seen to be
doing something tangible, because for all the speeches Luxeon can make.
As I wandered into lunch with my family on Saturday,
(11:32):
on the bench outside the restaurant was yet another one
of these drug addled losers, yelling, screaming, causing mayhem. She
eventually wandered off of her own volition, only to be
followed by another one wheeling a shopping cart. And we
sat down on the restaurant and the music seemed abnormally loud,
(11:54):
so loud that we couldn't really hear ourselves talk all
that much. And it suddenly occurred to me, the reason
the music was so loud is to drown out the
screaming on the street of the dead weights are out
there causing problem. So you've spent a fortune fitting out
your restaurant, you've got these losers out on the street
causing any amount of mayhem and putting people off. And
of course this was a part of Auckland where all
(12:14):
the tourists are, and so god knows what they think
when they can't get into the restaurant, whether they'd like
to go and have some lunch because these people are
causing any problem, so have they solved the problem or not?
So for all the speeches luxem and Mitchell can make,
every time I individually run into one of these people
on a park bench preventing me having lunch or spoiling
my lunch, I'm thinking to myself, they haven't done their
job properly, and in election year those stories count.
Speaker 4 (12:35):
Do we need less benches around the place?
Speaker 3 (12:37):
Is that what's going on?
Speaker 4 (12:39):
There's obviously too many places for.
Speaker 2 (12:43):
Whacked out drug addex or whatever they are.
Speaker 3 (12:47):
Probably to be. If I'm being perfectly here, there probably
people serious mental health issues.
Speaker 2 (12:54):
But anyway, if there's no bench for them, perhaps they
wouldn't sit on it and hassle people.
Speaker 3 (12:59):
I don't know. I'm just going to come up with
a solution the re wrap.
Speaker 2 (13:03):
It looks like retirement age is going to be one
of the big issues of this year's election.
Speaker 3 (13:09):
Still can't be leave. We're having another election so quickly.
Speaker 5 (13:12):
How much time do you want to spend on the
retirement issue? So Luxeon yesterday goes as the retirement age
inevitably rises. Now that's not true. If we were running
a lie detective. How was that seeing n guy on
untruths that the leader told in his speech, I would
have gone that can we get him to do that?
Maybe we should, because that's not actually true. It's not
(13:34):
a foregone conclusion at all. It's an opinion. He's entitled
to the opinion. He's had that opinion for a while.
He was merely expressing that opinion. Now what I know
is one he will win the election. Two, he will
need Winston Peters to form the government. Three Winston Peters
is not changing the retirement age. Therefore, the aforementioned idea
is not inevitable at all.
Speaker 2 (13:54):
Mike then went on to say later in the program
that you know, he's not overly exercised about the retirement
age because you know, he has always looked after himself
and that was always his purview on life, and he
was going to have a bit of self responsibility and
say that for his own retirement and the time, you know,
(14:14):
whenever he wanted to, which I think secretly is going
to be never. So you know, I think basically the
lesson that we can take from there everybody is, if
you're worried about the retirement age, get yourself. The most
successful network radio show in New Zealand and then you won't.
Speaker 3 (14:36):
Have to worry about it. I think that's come on, guys,
what are you doing?
Speaker 2 (14:41):
I am Glen Hart with one of the if not
the most successful review of the highlights of that successful
breakfast shows podcasts going and I'll be bet with another
episode tomorrow and it's great sentences like that last one
that made it so successful and you. I couldn't have
(15:02):
done it without you. Of course, let's meet back here
tomorrow and do.
Speaker 1 (15:04):
Some more of it. For more from News Talk set
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