Episode Transcript
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Speaker 1 (00:09):
You're listening to a podcast from news Talk said be
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Speaker 2 (00:24):
Therapy There welcome to the rewrap for Wednesday. All the best,
but it's from the mic asking breakfast on Newstalks. He'd
be in a Sillier package eyeing then and today. Mike
knows how to fix the economy and he will tell
us how to do it shortly, the bank of Mum
and Dad. Is it getting out of control? Remember when
earways shut down and the planes didn't know where to go?
(00:48):
We'll have more on that story for you. And what's
Tory Farnau up these days? But before any of that,
it's mood of the bordering day, and the mood is
well bad.
Speaker 3 (01:00):
We're all grump Mike.
Speaker 4 (01:01):
Are the government struggling to make an impact on the
economy because of how bad things were in the economy
they inherited? Peter, Very good question, Mike. For comparison, in
wonder what ratings and confidence businesses would have that there
was still a labor government where one can only imagine.
But Hipkins is rated by the way, and he's rated
a two, which is the point I tried to make
with nearly a couple of moments ago. It's all very
well looking at some of these numbers and going they're
(01:21):
not doing very well, are they? But I mean Hipkins
is doing worse. The headline around or the mood from
the business community is Hipkins is running an invisible campaign.
Labour look like they're invisible, which to defend him, I
would be too, because you don't want to put your
policy out the year before an election, so you hold
your policy and your big guns until election year once
people are engaged into it. Mike, are the government struggling
(01:45):
to make an impact on the economy because of how
bad things are? This is why we're at an inflection point,
and this is why the debate is so interesting and
the time is so important. And the answer is yes
and no. Yes, they inherited something even worse than most
of us imagine. The damage done to the economy by
the previous government was uncharted territory. So yes, you can
(02:06):
give them some grace on that, but equal and the
report very clearly states it. This morning, patience is growing thin.
And we've said on this program many many times they
should have gone harder, could have gone harder, And I
just wonder if there's not some creeping regret there micro s.
Luxe's dropped again in the polls. Was not a bit
He hasn't dropped. It is what it is. It's not
just Luxon though the national component of the coalition is
(02:27):
too soft. Well you say that, but in the top
ten best performing ministers, seven of them are national Stanford
Bishop McClain, Mitchell, Brown, Collins and Pink. Outside the National Party,
Peter's at number two, brookvin Velden's there, Shane Jones is
there as well. So is that proportionate or a national
actually perceived by the business community to be doing a
(02:49):
reasonably good job.
Speaker 2 (02:50):
I feel like we've gone about two weeks now without
anybody mentioning green shoots. I'm worried about what's happened to
the green shoots. I hope they haven't all withered and
died off. It's hard to get things going once your green.
Speaker 3 (03:01):
Shoots does appear.
Speaker 2 (03:03):
Boy rewrap anyway for a little bit of fertilized that
it's sprinkle over where the green shooks were and hopefull
the best. Here's Mike with the blood and bone.
Speaker 4 (03:13):
Things we can do to help the economy through jobs. Firstly,
compulsory arbitration. I am sick and tired of the teachers
and the nurses and the doctors striking. The current strike
this week by the doctors they claim has been a
result of more than a year of negotiation. I mean,
surely at some point in Health New Zealand to finally
pull the trigger. Thank god, it becomes apparent that the
two sides aren't going to cut a deal. Some heads
(03:34):
need to be banged together. Health New Zealand have asked
for arbitration. So a simple law that it's timeline it
and say the hassle. I mean could be timeline, could
be the number of meetings, or offers or counteroffers, whatever,
it doesn't matter. Just give it you a bear shot.
If it doesn't work, letter media to do the business.
Make it binding. Then the migration pathways announced yesterday that
we've just talked about. It seems to have taken an
age to realize that the simple truth, rightly or wrongly,
(03:56):
for this country is we need a shed load of people.
Yesterday's settings were hardly rocket scientists, as I mentioned to
Erica a moment ago, But that's the sad truth about
our economy. I'm afraid a lot of issues around jobs
these days, the breath and butter stuff of daily life.
The chocolate fish cafe. You up with that one. In
Wellington they've written to the minister. They need a pathway,
they argue, for people to work in hospow. Should they
(04:16):
need a pathway now, of course not. Should jobless be
king to fill the gaps? Of course they should, But
that's our lot, a bunch of lazy people more interested
in skybing than working. So migration is the answer. They
took an age on foreign houses as well, but we
got there. I'm big on immigration. If you don't know
that already. People bring skills, they bring culture. They generally
work hard, they've got good work ethic, They earn money,
(04:37):
they pay taxes. There is growth in numbers. The other
truth for now, as we can't ignore there too many
really good New Zealanders have bailed. We need a skill
and a talent reset. The world is a competition. Everywhere's
a landing spot. The previous government, of course, made us
a place to leave. Couldn't wait to get out of here.
The current lot may change that, pray they do, but
(04:57):
for now, talent is still an issue. Good people are
still hard to find. The here and now answer is immigration.
Find those that like the look of us, make them
a deal. Residency is a deal. Yes, some may go
to Australia, so Peters is technically probably correct. But if
we're good, some may not, so we win. See all leavers,
all ideas more productivity, more pace, less mucking around, fewer strikes,
(05:20):
more attitude, more determination, more deals, more pathways. It's not hard,
you just got to want to do it.
Speaker 2 (05:26):
Still think we should go back to that scheme I
propose yesterday because Nigel Ferras is likely to be the
next Prime Minister of Great Britain UK.
Speaker 3 (05:35):
He wants to deport all their skill margrant of them workers.
Speaker 2 (05:40):
So I still reckon we should rewand of them up
and say come on over here.
Speaker 3 (05:46):
We'll have those skills. Thanks, we need them now.
Speaker 2 (05:49):
Some people must be doing all right, because some people
are buying their kids' houses.
Speaker 3 (05:53):
And when I say kids, I mean actual kids.
Speaker 4 (05:55):
Headline was not unheard of, but part of it seemed
a little bit unusual. Like New Zealand, Australia and its
media are fascinated with property. Unlike New Zealand. At the moment,
the Australian housing market is alive, and well, and they're
in a constant debate over the cost of a house
versus the number of houses being built versus the axis
you have to them if you're a first time And
now the upside this side of the Tasman for several
years now is that the priced out of the market
(06:18):
scrap has been silenced and the percentage of first time
buyers has continued to rise. It currently sits at a
bit over twenty seven percent. It's also helped that the
consent boom of several years ago has seen the arrival
of a lot of new homes and that is why
during the so called cost of living crisis, the listings
numbers have been so high, thus putting a dampner on
the asking price. But headline over the weekend in Australia
(06:39):
was Ford thinking dad nabs one point one million dollar
in a West unit for fourteen year old daughter. That's right.
Parents are yes, playing bank of mum and dad. That's
not new, but now they're apparently doing it years in
advance of needing to. I mean, could the headline, of
course be a bit of bollocks? Something Does a mum
and dad actually buy a house for a child as
in they buy it, hand it over paperwork in all.
(07:02):
In other words, it's theirs orders Mum and dad mean,
we purchase it and you can live in it, or
you can rent it, or you can rent and buy it.
And to be honest, if your kid is fourteen and
you purchased the unit last weekend, are you leaving it
empty for four or five years? Of course you're not.
You're renting it out in a growing market. This is
a ken to keiw we saber. Essentially, you can't lose, which,
by the way, is why housing has remained the key
(07:22):
we mainstay when it comes to retirement savings. Even if
your child is fourteen, you're not losing a cent on
a house no matter when you buy it. So what
about the morals? Though? That's the big question, isn't it?
What about the morals? What's the message to a fourteen
year old hasn't even sat in Cea yet and they're
sitting in mathso rico as a homeowner, for goodness sake,
did you have a good weekend? Yeah, dad bought me
a house. Is maturity and growth stymied of all of
(07:44):
life's hurdles, trials and tribulations are solved by a parent's checkbook.
Speaker 3 (07:48):
I'll tell you what it's tempting.
Speaker 2 (07:49):
I mean, you'll be well aware that all I've ever
wanted to do was, as far as parenting goes, is
to get my kids to go.
Speaker 3 (07:55):
Away from me.
Speaker 2 (07:56):
And one has a third attempt. This one seems to
be holding so far, so that's good. The other one
moved back in and no sign of going anytime. Sent
that maybe if I bought her a whole house.
Speaker 3 (08:10):
Who knows the rewrap right? I remember that hilarious.
Speaker 2 (08:16):
Event when none of the airplanes knew where to go
or when they could land, or if they were about
to crash into each other.
Speaker 3 (08:22):
Fun times? Well why was that? Does anybody know?
Speaker 4 (08:26):
Story of the day yesterday that got varied sadly because
other stuff was going on. Was the bloke at Airways
Chief executive James Young will not be winning the Business
Leader of the Year award as my early prediction here.
So Airways, you remember a couple of weekends ago had
a problem with their computers and some of the planes
couldn't take off, and those planes that had taken off
(08:47):
had to circle for a while while they worked out
what the computer problem was. Software A shoe, of course,
fire flights were held in the air this is August sixteenth.
Other planes were stuck on the tarmac. Now at the time,
the chief executive, James Young said, we have significant development
capability in the house, but we are in discussion with
the vendor. So who is this vendor who was doing
(09:08):
the software? A very good question. Who is this vendor,
who is this reprobate, who is this half, who is
this problem maker? But we just need to take a
bit of time, he said, to understand exactly what happened.
So eventually, when we didn't hear back, we asked the
airways to disclose who this magical vendor was who provided
the software to Airwors Corporation. And the answer, of course,
is there wasn't one. They were doing it themselves in house.
(09:32):
I ask you the simple question, how do you be
the chief executive officer of an organization that has an
in house software development team that you don't know exists?
Or you didn't go. I wonder if we did that
in house before you went. We'll talk to the vendor,
and the vendor turns out to be you, So you
end up talking to yourself. How do you run a
company that you don't know what's going on, And I
(09:53):
don't know James from Abarosap. He could be a good
bloke for a beer and a barbecue. I don't know.
But all I know is that if I was running
a company and I had an in house software team,
I'd probably know they existed.
Speaker 3 (10:03):
Just saying, I reckon, they're to be commended there.
Speaker 2 (10:06):
They just got a rear all tight cybersecurity. It sounds
like that even they aren't allowed into their own software.
Speaker 3 (10:13):
I think that's that sounds like something that would happen
around here could be perfctly honest. It's a rerat right.
Speaker 2 (10:19):
I know it's been burning on your mind and you've
been wondering why we haven't talked about it. Where is
Tory fun out right now and what is she doing?
Speaker 3 (10:28):
Well, here's the answer for you.
Speaker 4 (10:29):
Obviously, a number of you texting me this morning about
the very exciting news from Tory Farnow this morning that
she is running while we already knew she's running in
the local body elections at the moment in the Murray
seat she may or may not win that I don't
know what I fegar for her between twenty six and
twenty nine. If she doesn't win that seat, what she's
going to do because she's announced she's running in twenty
twenty nine for the Green Party, so they will be
very pleased to see her back. And obviously the Green
(10:52):
Party is in very very good hands when she returns
to the while I'm assuming the leadership in twenty twenty nine.
Meantime though, and equally, I'm just talking to you if
you're involved in business, if you've got conference coming up,
something like that. She's joined us speaking, she's joining the
speaking circuit, and so I don't know what she's charging,
but I mean there's I mean, how much is too much? Honestly?
Speaker 3 (11:14):
I mean, this is an opportunity not to be missed.
Speaker 4 (11:16):
I think I would have thought. So she wants to
will be talking about resilient leadership. So I mean, there's
no price you can put on that. Obviously, four to
seven nine is.
Speaker 3 (11:28):
That's a steal.
Speaker 4 (11:30):
But I just got the text saying tsb's down to
four four to nine for a two year rate. Where's
Kiwi bank? They talk a big game, but simply not
willing to play hard and lead the charge. They're at
four seven nine for the two years.
Speaker 3 (11:46):
Oh that's a coincidence. It's the same fee.
Speaker 4 (11:48):
That it's the same.
Speaker 3 (11:49):
Fore you can two years more about resilient leadership.
Speaker 4 (11:52):
Two year mortgage, or you can hire Torri far Now
for a four dollars seventy nine.
Speaker 2 (11:57):
Which, just to be clear, I thought my joke was
funny when I said five seven nine, many five hundred
and seventy nine dollars, and they might hip you go
and say five dollar seventy nine.
Speaker 3 (12:09):
I mean that's it might extra be from Paul. It
would be word to be differently honest. I mean, look,
who's talking. You're getting this for free. I Air grid Heart.
Speaker 2 (12:20):
That was the rewrap and there'd be more great recontent
like this for you tomorrow.
Speaker 1 (12:24):
Sent for more from News Talks ed B listen live
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