Episode Transcript
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Speaker 1 (00:09):
You're listening to a podcast from News Talk ZEDB. Follow
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The Rewrap.
Speaker 2 (00:26):
Okay, then welcome to the Rewrap for Wednesday.
Speaker 3 (00:28):
All the best but's from the Mike Hosking Breakfast on
Newstalk ZEDB and a Sillier package, Giant Blenhart and Today
run it Straight can result in death, and yet a.
Speaker 2 (00:40):
Lot of people don't think we should do anything about it.
Speaker 3 (00:44):
The price of coffee.
Speaker 2 (00:46):
My host is obsessed with this at the moment.
Speaker 3 (00:48):
For some reason, They're starting to pay attention to how
many miles are being driven in Massachusetts.
Speaker 2 (00:56):
It's a bit of a weird one, which is why
I've decided to throw it in.
Speaker 3 (01:00):
And these bloody bounced back kids. The end of the
pod that first up ocr Day, What does it all mean?
Speaker 2 (01:08):
Where are we going? Where we're heading now?
Speaker 4 (01:10):
To give you an insight into just how hard Christian
Hawksby's job is today, have a look at what the
shadow board says now. The Insidiere has a monetary policy
shadow board. It's a bunch of economists in their view
as to what should be happening today. Some say twenty
five points. One says fifty. Some say, don't do anything
at all? How do you deal with that? These are experts,
they know what they're doing, or do they?
Speaker 1 (01:30):
So?
Speaker 4 (01:30):
No matter what Christian does, some of them are going
to be going what nurse they thinking? Think about the
difference between fifty and nothing. I mean, fifty is a lot.
Fifty is things aren't good and we need to fire
the place up a but nothing as well, things are
just where we want them? Are they where we want them? No?
Is my answer, But then I'm not an economist. Most
of them say things like, boy, this is tricky. My
(01:51):
word isn't uncertainty the watch word of the day. And
it's through this murky mix of who the hell knows
what's going on? Christian has to wide and produce something
that will see us head into a half decent Christmas.
Of course, that's part of the mess we're in. There
is a lot of water to go under our belliged
bridge before Christmas, and a number of decisions from the
reserve still to come along. Of course, with the much
dissected commentary what is twenty five or fifty or nothing
(02:13):
actually mean? What's old Christian thinking? Tell you this for nothing?
A big part of this equation is mood. It's the
same with the budget last week and this depreciation measure.
You've got to want to get amongst this. You have
to take your mortgage rate cut and do something with it.
You have to want to buy your tractor or your
ute and depreciate at twenty percent. If you're in a
funk and you're not spending, then depreciating nothing is nothing
(02:35):
and no one gains. Christian or Nicola for that matter,
can't do it all. At some point we have to believe.
We have to have our arm twisted. We have to
see of a little bit of light. Most important factor
in any economy is us and mood. At some point
a switch has to go off, a decision has to
be made, and better days have to be looked forward to.
So let's hope today is part of that story.
Speaker 3 (02:58):
Seriously, to me once, if we're all stop forecasting things,
because as time goes on we get no better at it.
If anything, we get worse, be it the markets, the
interest rates, the weather, political results. None of us know
(03:19):
what's going to happen. Stop guessing the rewrap right, so
run it straight. The latest stupid thing that stupid people
do on stupid social media sites.
Speaker 2 (03:33):
Has got one person killed.
Speaker 4 (03:36):
Satisfied Mike, state of state, of state, state of origin,
state v State, MA V mate run it straight while
holding a ball. It's my point, Richie Barnett's will us
after seven o'clock this morning, all this angst, Why are
we angst so much? And which is not to say
what happened isn't a tragedy because it is, obviously, But
this has been going on since time immemorial. Every single
(03:57):
one of us has played bull rush. Every single one
of us has run at somebody head down, bum up,
set to go. It's what happens. Doesn't make it right,
doesn't make it smart, doesn't make it clever. It doesn't
need the endless amount of angst and handringing on the
media from people and organized mngos and groups and whoever
else they are looking to ban everything in life.
Speaker 3 (04:18):
Yeah, so the bull rush comparison has been made. That
wasn't factband at our school. It wasn't really because of
injuries per se. Let's just say the contact was not
hard contact. It was more like soft contact between the
boys and the girls. Say no more beamed and appropriate.
(04:43):
There was a lot of deliberate intentional voluntary soft contact. Rewrap,
all right, it's trying to blow this coffee price thing
wide open.
Speaker 4 (04:52):
Small coffee update. This is important because large swathes of
this country are interested in coffee. It is widely accepted
that we have in this country a strong coffee culture,
although having said that, two thirds still drink instant coffee,
which of course has nothing to do with culture, but
that's just me being a snob. Before the la just
round a price increases. Instant, as we learn from the
Consumer Price Index the other day, stood at an average
(05:13):
of eight dollars twenty one fo one hundred grams, which
is about twenty dollars for two hundred and fifty gram bag.
Two hundred and fifty gram bags are generally what you
buy beans with to what they come in two hundred
and fifty grams, so instant seemed like a ripoff given
it's an inferior product. But until recently at our house
we paid you. Ready, we paid eleven dollars fifty for
two hundred and fifty grams, so instance, at twenty we're
(05:34):
paying eleven fifty, so compared to Instant, what a bargain
As of the weekend, though very bad News twenty four dollars,
so from eleven fifty to twenty four. Now the twenty
four does include a little bit of postage, but it's
still a remarkable increase, but an increase we can see transparently.
And this is my defense of it. We all know
about the supply and demand issues. They're real globally all
over the world. This is a problem. Enter yesterday, El
(05:56):
Brown chef El Brown. I like El, but one thing
L has done over the years is serve filter coffee
in his restaurants, Americano style big jug filter machine bollocks coffee.
His argument it's more affordable, which of course is true,
but then it's bollocks. More things generally that are bollocks
(06:16):
are cheap. Fascinating thing for me is our relationship between
price and desire. Some things, subconsciously, we will at a
certain point borkat won't we pair of jeens, a holiday,
hotel room, new phone. We have a price, we've got
a budget, we've got a vibe. But on coffee, you
know what I don't think we do well, most of
us won't. We might cut back from say two cups
(06:39):
a day to one, but addiction, which is what it
is let's be frank and passion and small luxury syndrome.
That's real. It's amazing what you can justify when you
need to coffees like the Japanese and wine. They've got
a tradition of drinking what they get, drinking up, in
other words, getting better and better, more and more quality
coffeees like that. Once you've gone to the larch and
balley and had a fern or a heart stirred into
(07:00):
your milk, you can never go back to our Luna's filter.
I don't think there is a price I would quit
at at twenty four dollars. And here's the mass I
do to justify a twenty four dollars a bag, even
with postage, getting ten cups a bag, that's two dollars
forty and that is still a margan.
Speaker 2 (07:17):
Yeah.
Speaker 3 (07:17):
So I'm only now realizing that the maths that Mike's
been doing on the whole instant coffee has become more
expensive than beans is completely flawed. I've only just now
realized that he's going he's comparing the weight of a
bag of beans to the weight of a bag of
(07:39):
instant coffee, And of course I'd say there's probably about
ten times more cups.
Speaker 2 (07:43):
Of coffee out of a bag of instant coffee than
there is an out of a bag of beans. I
can't believe I didn't figure that out earlier.
Speaker 3 (07:51):
Anyway, I.
Speaker 2 (07:53):
Corrected and embarrassed.
Speaker 1 (07:54):
Him on here's a rewrap.
Speaker 2 (07:57):
This is a weird little story I dug up for
Mike today.
Speaker 3 (08:00):
Last week, the Massachusetts authorities introduced a bill. I don't
think it's law year yet, but they're looking at restricting
how many miles you can drive your car in Massachusetts.
Speaker 4 (08:13):
Weird goings on in Massachusetts. Senate Majority Leader Cynthia stone
Cream is eighty two and a Democrat. She wants to
set limits on the use of your private vehicle. Filed
legislation based on law she says have been adopted in
Colorado Minnesota. So we'll look into that and report back
to Murorency whether any of that's true. Reducing vehicle miles
while addressing environmental concerns. It's the usual thing, and because
(08:37):
of course, the obvious question is how on earth would
you do this? Interagency coordinating council is what she wants,
similar to the existing Coordinating Council for reb charging infrastructure,
to come up with a whole government plan to reduce
vehicle miles traveled and to increase access to transportation options
other than personal vehicles. Weird place you're enforcing it.
Speaker 3 (08:54):
That is the tricky pat, isn't it. I mean they
do hit those things that you can limit how fast
a car can go. So presumably they could put a
device in your car that just stops it after so
many miles.
Speaker 2 (09:06):
That it'd be weird.
Speaker 3 (09:08):
When it comes to panning your own trip, or if
you're on your own trip and you haven't been really
being keeping track and then suddenly you're just stuck in
the middle of nowhere because you've gone too many miles.
I just thought it was a fun story because I
like writing down the word Massachusetts the rewrap now bounce
back kids, these bloody adult children that move back in
(09:32):
with you.
Speaker 2 (09:33):
I think Mike's and for a word of hurt, and
he doesn't realize it yet.
Speaker 4 (09:36):
Our oldest eldest jackson's twenty six to day parent of
a twenty six year old. How depressing is that? So depressing? Well,
not depressing because he's cool, but it's still numerical.
Speaker 2 (09:46):
Least, he's not living in your house anymore.
Speaker 4 (09:47):
He's certainly not living in the house. And can I
just say, can I just say, for all your parents,
I hope to come back to it sooner because I've
got a thought. Can I just say, for all the
parents to come up to me on a constant base,
are they bounced back? No, they don't, not if you
don't let them. Are they bounced back? Not if you
don't let them. Of the four that have left once
too young to leave, I mean not according to me,
(10:09):
but according to others in the house, she is she
had lived, well, she's you know, it's it's a moving
feast anyway. Of the four who's left, who have left,
no one's come back.
Speaker 2 (10:19):
And from this obviously we're just finding out that one
has bounced.
Speaker 4 (10:22):
Then let me just say, let me just say, and
they never will and they never will. So when you
say I'm just coming back, no, they don't, not if
you don't want them to.
Speaker 2 (10:32):
So, yes, we conferred with the other person.
Speaker 3 (10:36):
Who resides in the hosking hawks Be household, and it
should have been the clue of Mike right there. There
is only other one other person there at the moment,
and she agreed that everybody has moved out. The last
one has moved to halls, and Mike's argument was that, well,
she comes back at the holidays, so is that really
moving out? But yeah, the Hawks be part of the
(11:02):
Hosking hawksby household fame that it was that was moving out. Yeah,
I find I tell you this. I finally got one
in mind to move out for the third time. This
is a third attempt moving out. It's it's holding so far,
so I've got my fingers crossed there. Meanwhile, the other
(11:24):
one's boyfriend's moved in more or less because he's lost
his job. I'm not quite sure why that means he
has to move in with us, But it's not like
I've hired him as a butler or anything, or a gardener. Anyway,
he's a good bloke. I'd probably prefer him over her. Actually,
(11:45):
have I said too much? Maybe that was the rewrap,
and I'll say too much again Tomorrow's
Speaker 1 (11:50):
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