September 3, 2025 • 12 mins
THE BEST BITS IN A SILLIER PACKAGE (from Thursday's Mike Hosking Breakfast) About 50 Metres Up, Actually/Who Doesn't Love a Parade?/Democracy Is Dead in the USA/Fortune Favours the Beer
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Speaker 1 (00:09):
You're listening to a podcast from News Talk SEDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
The Rewrap There, Welcome to the Rewrap for Thursday. All
the best but's from the mic asking breakfast on news
to ZEDB and a Sillier package. I am being hat today.
That Chinese parade, then they know how to throw a parade.
It's the USA dictatorship. Is it a democracy? What is
it exactly? And fortune Favors has been saved. Yay, yay
(00:49):
for Bear. It's a great day for Bear. But before
any of that, intensification is getting intense in Auckland, trouble.
Speaker 3 (00:55):
With change as apart from the fate. We don't like
it is. It's essentially bad and especially bad if we
don't know what it is now. The good news for
real estate this week has been the foreign buyers changes
for visa holders. Of course, added to that and we've
had a series of interest rate cuts with more. But
in a place like Auckland, what do you buy and
where see? There's no small amount of anks currently over
(01:15):
a new planned unitary plan and tentsification plan, draft plan,
call it whatever you want. The new plan came out
of the government's idea of having three houses three stories
tall on a regular section with no real clearance required.
Auckland didn't want that, apparently, so they were and are
allowed to make up their own. So the answer, roughly
at the moment, appears to be high rise and a
lot of it around public transport hubs. Q. The outrage Q,
(01:37):
the upset, the questions, the heated meetings. Now the new
plan must be able to accommodate two million new houses.
Doesn't mean they'll actually turn up, but it means to
accommodate them. What this does to a real estate market
is very simple. It hobbles it, especially at a time
when none of the decisions are made or in any
sort of concrete What neighborhood is affected? Fair question? What
(01:58):
part of that neighborhood. See we looked at a place
the other day currently mixed use, next door being commercial.
Could be twenty seven stories tall. It's not currently, but
it could be another place, nice view of the harbor
apart from the house in front. That could be multi story.
It isn't currently, but it could be. You don't look
at a house anymore. This is the problem. You don't
look at a house anymore. You look at the house
next door or behind it, or around it, or down
(02:19):
the street. What is it? What could it be? A
dunger that's ripe for future trouble, So you don't buy.
There's little in life to fire us up more potently
than our castle and its environs being meddled with. Making
it worse, specifically in a place like Auckland is the
fact that place has been butchered by clowns. You wouldn't
trust these people to run your bar, far less the city.
So as we sit and wait and debate and get
(02:41):
tents and object and fume and worry, how many people
who are about to borrow or spend or shift or
expand or build in our second guessing themselves and in
second guessing doing nothing.
Speaker 2 (02:52):
Yeah, this is literally the Nimbi thing, isn't it? Literally?
Not in my back yet? It's amazing, though, that will
be people who don't care. So I think all they've
got to do is find the people who don't care
and build the the fifty meter apartment buildings there. And
there are lots of people who don't care. And do
(03:13):
you know how I know this? So the new rubbish
bins started in my area this week. So it's council collection.
And I know what you're thinking. In most places around
New Zealand, if you're listening to this, the council already
collects your rubbish. It's not for free, you pay rates,
but it's included in that cost. Well, they've only just
(03:33):
got around it deciding that yes, that's right. I know
the super City's been around for decades now, but hey, Rodney,
you know what, we're going to come and pick your
rubbish up too. So anyway, obviously, when they announced that
they were going to be doing that, I then looked.
I compared how much more I was going to be
paying to the council for the privilege for the collect
from my rubbish, and was it more or less than
(03:55):
what I was already paying to have it collected by
my existing rubbish collection company. And guess what it was less?
So I swapped. But I was walking the dog yesterday
around the place or the day before, and so many
people were still using their old still using their old service,
(04:18):
so they either didn't read the information, weren't interested in it,
didn't care that they were now paying more for to
have their rabbis curly good. And it's those people that
you can build the fifteen story apartment blocks next to
their houses because they obviously don't care. That was a
very long thing for me, wasn't it that? It was
(04:38):
it worth it? Probably not rewrap? Right? Did you see
the parade yesterday? I haven't watched the whole thing, but
I have seen some highlights.
Speaker 3 (04:44):
Well, you didn't see a lot of yesterday. And the
Chinese parade was, of course their navy because it was
on land and to Enemin Square. Very difficult to get
a frigged into the Animal Square. But anyway, I read
a fascinating article this week about their shipbuilding. The last
two decades, they've ramped up investment, of course, into their ships.
More than sixty percent of the world's orders this year
have gone to Chinese shipyards. Sixty percent. We'll talk about
the Enter Islanders. I wonder if they're Chinese. I don't
(05:05):
think so, but we'll find out. They won't tell us.
Probably that was weird? Was that weird yesterday? With Winston? Winston?
Everything Winston does is weird. We've got we've picked who
it is not going to tell you. I mean, what's
that about? Where was I? China's building more ships than
any other country because it does it faster than anyone else.
That's their success. That's why they're successful in EVS. Chinese
(05:25):
ship building capacity is two hundred times over all that
of the United States, two hundred times. The party now
has two hundred and thirty four warships, the US has
two nineteen. So add those to what you saw wandering
(05:46):
down the road yesterday. Then have a look at the
Japanese bond market, the UK bond market, and the flight
from the dollar in the US. And if you're not
worried by that, I don't know why you wouldn't.
Speaker 2 (05:57):
I don't know why this is worrying. Just can't we
just be their friends as they achieve world domination. It's like,
you know, being afraid of the robot afocolysts. Just make
friends with robots then will be fine, won't we rewrap? Anyway?
Some people seem to take those comments from Mike completely
the wrong way.
Speaker 3 (06:15):
Mike, I would feel much more comfortable about your cheerleading
of China. I know where you get it that I
cheerlead China if only I could be convinced that the
Chinese government have peaceful intentions and respect democracy and human rights.
Well they're not into democracy and they never have been.
They're not a democracy, and I don't know waky waky Peter,
they're not starting now. And human rights they're not into
that either, really, but we don't deal with them on
that level. We deal them with the trade partner. They're
(06:37):
one of the most powerful businesses and companies and economies
in the world, and that's how we interface with them. Mike,
are you going to be able to tell us how
on Earth? H Clark and j Key rationalized attending Zee's
big birthday party? Bryce, I can't. Yeah, I think it
was a mistake. I've heard Helen's I've got I like
(06:59):
them both. I like Helen, I like John. They were
both very good prime ministers, and I get the basic explanation.
They were marking the end of World War two, but
we're the Chinese not really, so optics are important and
I think they might have got the optics wrong.
Speaker 2 (07:13):
What a cheerleader for the Chinese. Ah, give me a
c give me an age, nothing but nice things to
say about it. Hesity. I'll tell you what it is.
You've got to Is it my the right word or
as impressed? Is that the right word? Done? Stune when
(07:37):
they My two favorite things probably that I've seen from
the highlights of that parade that getting all the guns
to go off, the canons no more than one canon
is still just canon, isn't it anyway? Getting them all
to go off and exactly the same split second incredible.
And also the marching that they did where they stopped
halfway through the match, halfway through a step and then
(07:59):
carried on all in complete synchronicity. That was so cool.
It's almost like a like the draw sergeant is playing
a game of statue with them, Isn't it turns around?
If I catch you, I'll shoot you? But that's my
that square game. Isn't it a rewrap? And that's good?
Game's Korean? And that was Chinese, not that brasis deepest
(08:21):
briefst Now, let's turn our attention from the Chinese dictatorship
slash socialist republic to the American What is it? It's
not really democracy anymore, is it.
Speaker 3 (08:37):
Mike Trump is turning the US into a dictatorship. It's
his way or the highway. It's not a dictatorship. A
very good piece to look it up if you can
be bothered. In the Financial Times Rey, a guy called
Ray Dalio, and he started a company called Bridgewater. He's
a heavyweight player in the money markets. He calls it
an autocracy, and he cites history looks back to the thirties.
(08:58):
He reckons it's a thirties style autocracy where the government
suddenly is involved in intel ten percent and we might
buy a bit of them and a bit of those
people over there, and oh, you can export those chips
and video, but am going to give us twenty percent.
It's that sort of style of government is what you're
seeing unfold in America at the moment. But Raydalio is
always worth listening to. The name wins a bell yeap.
Speaker 2 (09:21):
So definitely not a democracy. I heard somebody else on
a podcast I was listening to the other day talking
about this, and it's actually never been a democracy. They
pointed out that it was formed as a republic. So
where people got the idea that it was supposed to
be a democracy. I'm not sure. It's funny that they
(09:42):
always insist that they're going around spreading it. They don't
they the democracy from the republic.
Speaker 1 (09:47):
The rewrap.
Speaker 2 (09:48):
Let's finish up here with the only thing I'm interested
in voting for beer.
Speaker 3 (09:53):
Very good news for Fortune Favors. Have you missed this?
The be A News garage Project has come to the
rescue Fortune Favors. Well known be A maker fell over
last week, prices up, sales down, economy tight, jobs lost.
It's the old hospo or retail story, or is it?
I mean, how much of the story behind the headline
is about the actual business. This is my increasing fascination
at the moment. How can garage project make something that
(10:14):
wasn't working work? They've got the same costs, same be a,
same punters, Ben Bailey and the studio just a couple
of days ago expanding. How can you expand in hospit
for goodness sake? Well he can, he does. He's bullish.
He argues, you do it right, you will succeed. I
believe him. How can you not look at his record?
Garage project ironically a linked to Bailey and his new
Wellington Pavilion business opening in Oriental Parade next year. Are
(10:35):
there awkward questions around Fortune Favors? I mean, is it
not the industry but the specifics of the operation at player?
I mean, were they not to put too fine a
point on it? Simply not good enough? How come Smith's
cities in trouble, but other furniture players aren't. Is it
a niche in the market? Is it location? Is at debt?
Is its service? Is it top down leadership?
Speaker 1 (10:53):
Is it luck?
Speaker 3 (10:54):
Is it all of those things? Will garage project use
their bank balance simply to tread water until better days arrived?
Is that how the government's thirty million dollar loan program
to regional airlines work? Keep the wolf from the door
until the growth returns, and then the rising tide basically
lifts it. Every did garage projects see an opportunity or
is this ultruism? They simply want to save some beer
and a brand? How much risk is involved? These, to
(11:15):
me are fascinating questions. There's no doubt we're at the
bottom of this business cycle, this economic cycle, and what
an ugly cycle it's been, and through it many have
not survived, of course, But how much of it was
ever about the economy versus how much of it was
about wrong place, wrong time, bad practice, lack of expertise. Obviously,
we love an entrepreneur and we wish everyone well, but
(11:37):
success is clearly about more than a nice idea and
self employment. Maybe risk and startups are really about some
pretty exceptional people who, if you can survive what we've
gone through, need a lot more recognition than they get.
Speaker 2 (11:50):
Yeah. So we had the guy from Garatge Project on
this morning trying to explain to us why he thought
he could make a goal of Fortune Favors when Fortune
Favors themselves couldn't. His argument was that they where it
actually is in Wellington is such as the perfect place
to have a bear on a lovely day, and which
(12:10):
raises the questions, have they just not pa quite enough
lovely days in Wellington to make that work? And does
Garrett Project have the ability to make more lovely days
in Wellington? Because if they do, that's I mean, I'm
sure it was just an uncharacteristically low number of lovely
days over a short period and we'll get back to
(12:33):
the right number of lovely days. Good luck with that, Wellington.
I'm all for more beer, That's all I can say.
I Agle and Heart, I'm for beer. I'll see you
back here in the morrow.
Speaker 1 (12:46):
For more from News Talks at b Listen live on
air or online, and keep our shows with you wherever
you go with our podcast on iHeartRadio.
You're listening to a podcast from News Talk SEDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
The Rewrap There, Welcome to the Rewrap for Thursday. All
the best but's from the mic asking breakfast on news
to ZEDB and a Sillier package. I am being hat today.
That Chinese parade, then they know how to throw a parade.
It's the USA dictatorship. Is it a democracy? What is
it exactly? And fortune Favors has been saved. Yay, yay
(00:49):
for Bear. It's a great day for Bear. But before
any of that, intensification is getting intense in Auckland, trouble.
Speaker 3 (00:55):
With change as apart from the fate. We don't like
it is. It's essentially bad and especially bad if we
don't know what it is now. The good news for
real estate this week has been the foreign buyers changes
for visa holders. Of course, added to that and we've
had a series of interest rate cuts with more. But
in a place like Auckland, what do you buy and
where see? There's no small amount of anks currently over
(01:15):
a new planned unitary plan and tentsification plan, draft plan,
call it whatever you want. The new plan came out
of the government's idea of having three houses three stories
tall on a regular section with no real clearance required.
Auckland didn't want that, apparently, so they were and are
allowed to make up their own. So the answer, roughly
at the moment, appears to be high rise and a
lot of it around public transport hubs. Q. The outrage Q,
(01:37):
the upset, the questions, the heated meetings. Now the new
plan must be able to accommodate two million new houses.
Doesn't mean they'll actually turn up, but it means to
accommodate them. What this does to a real estate market
is very simple. It hobbles it, especially at a time
when none of the decisions are made or in any
sort of concrete What neighborhood is affected? Fair question? What
(01:58):
part of that neighborhood. See we looked at a place
the other day currently mixed use, next door being commercial.
Could be twenty seven stories tall. It's not currently, but
it could be another place, nice view of the harbor
apart from the house in front. That could be multi story.
It isn't currently, but it could be. You don't look
at a house anymore. This is the problem. You don't
look at a house anymore. You look at the house
next door or behind it, or around it, or down
(02:19):
the street. What is it? What could it be? A
dunger that's ripe for future trouble, So you don't buy.
There's little in life to fire us up more potently
than our castle and its environs being meddled with. Making
it worse, specifically in a place like Auckland is the
fact that place has been butchered by clowns. You wouldn't
trust these people to run your bar, far less the city.
So as we sit and wait and debate and get
(02:41):
tents and object and fume and worry, how many people
who are about to borrow or spend or shift or
expand or build in our second guessing themselves and in
second guessing doing nothing.
Speaker 2 (02:52):
Yeah, this is literally the Nimbi thing, isn't it? Literally?
Not in my back yet? It's amazing, though, that will
be people who don't care. So I think all they've
got to do is find the people who don't care
and build the the fifty meter apartment buildings there. And
there are lots of people who don't care. And do
(03:13):
you know how I know this? So the new rubbish
bins started in my area this week. So it's council collection.
And I know what you're thinking. In most places around
New Zealand, if you're listening to this, the council already
collects your rubbish. It's not for free, you pay rates,
but it's included in that cost. Well, they've only just
(03:33):
got around it deciding that yes, that's right. I know
the super City's been around for decades now, but hey, Rodney,
you know what, we're going to come and pick your
rubbish up too. So anyway, obviously, when they announced that
they were going to be doing that, I then looked.
I compared how much more I was going to be
paying to the council for the privilege for the collect
from my rubbish, and was it more or less than
(03:55):
what I was already paying to have it collected by
my existing rubbish collection company. And guess what it was less?
So I swapped. But I was walking the dog yesterday
around the place or the day before, and so many
people were still using their old still using their old service,
(04:18):
so they either didn't read the information, weren't interested in it,
didn't care that they were now paying more for to
have their rabbis curly good. And it's those people that
you can build the fifteen story apartment blocks next to
their houses because they obviously don't care. That was a
very long thing for me, wasn't it that? It was
(04:38):
it worth it? Probably not rewrap? Right? Did you see
the parade yesterday? I haven't watched the whole thing, but
I have seen some highlights.
Speaker 3 (04:44):
Well, you didn't see a lot of yesterday. And the
Chinese parade was, of course their navy because it was
on land and to Enemin Square. Very difficult to get
a frigged into the Animal Square. But anyway, I read
a fascinating article this week about their shipbuilding. The last
two decades, they've ramped up investment, of course, into their ships.
More than sixty percent of the world's orders this year
have gone to Chinese shipyards. Sixty percent. We'll talk about
the Enter Islanders. I wonder if they're Chinese. I don't
(05:05):
think so, but we'll find out. They won't tell us.
Probably that was weird? Was that weird yesterday? With Winston? Winston?
Everything Winston does is weird. We've got we've picked who
it is not going to tell you. I mean, what's
that about? Where was I? China's building more ships than
any other country because it does it faster than anyone else.
That's their success. That's why they're successful in EVS. Chinese
(05:25):
ship building capacity is two hundred times over all that
of the United States, two hundred times. The party now
has two hundred and thirty four warships, the US has
two nineteen. So add those to what you saw wandering
(05:46):
down the road yesterday. Then have a look at the
Japanese bond market, the UK bond market, and the flight
from the dollar in the US. And if you're not
worried by that, I don't know why you wouldn't.
Speaker 2 (05:57):
I don't know why this is worrying. Just can't we
just be their friends as they achieve world domination. It's like,
you know, being afraid of the robot afocolysts. Just make
friends with robots then will be fine, won't we rewrap? Anyway?
Some people seem to take those comments from Mike completely
the wrong way.
Speaker 3 (06:15):
Mike, I would feel much more comfortable about your cheerleading
of China. I know where you get it that I
cheerlead China if only I could be convinced that the
Chinese government have peaceful intentions and respect democracy and human rights.
Well they're not into democracy and they never have been.
They're not a democracy, and I don't know waky waky Peter,
they're not starting now. And human rights they're not into
that either, really, but we don't deal with them on
that level. We deal them with the trade partner. They're
(06:37):
one of the most powerful businesses and companies and economies
in the world, and that's how we interface with them. Mike,
are you going to be able to tell us how
on Earth? H Clark and j Key rationalized attending Zee's
big birthday party? Bryce, I can't. Yeah, I think it
was a mistake. I've heard Helen's I've got I like
(06:59):
them both. I like Helen, I like John. They were
both very good prime ministers, and I get the basic explanation.
They were marking the end of World War two, but
we're the Chinese not really, so optics are important and
I think they might have got the optics wrong.
Speaker 2 (07:13):
What a cheerleader for the Chinese. Ah, give me a
c give me an age, nothing but nice things to
say about it. Hesity. I'll tell you what it is.
You've got to Is it my the right word or
as impressed? Is that the right word? Done? Stune when
(07:37):
they My two favorite things probably that I've seen from
the highlights of that parade that getting all the guns
to go off, the canons no more than one canon
is still just canon, isn't it anyway? Getting them all
to go off and exactly the same split second incredible.
And also the marching that they did where they stopped
halfway through the match, halfway through a step and then
(07:59):
carried on all in complete synchronicity. That was so cool.
It's almost like a like the draw sergeant is playing
a game of statue with them, Isn't it turns around?
If I catch you, I'll shoot you? But that's my
that square game. Isn't it a rewrap? And that's good?
Game's Korean? And that was Chinese, not that brasis deepest
(08:21):
briefst Now, let's turn our attention from the Chinese dictatorship
slash socialist republic to the American What is it? It's
not really democracy anymore, is it.
Speaker 3 (08:37):
Mike Trump is turning the US into a dictatorship. It's
his way or the highway. It's not a dictatorship. A
very good piece to look it up if you can
be bothered. In the Financial Times Rey, a guy called
Ray Dalio, and he started a company called Bridgewater. He's
a heavyweight player in the money markets. He calls it
an autocracy, and he cites history looks back to the thirties.
(08:58):
He reckons it's a thirties style autocracy where the government
suddenly is involved in intel ten percent and we might
buy a bit of them and a bit of those
people over there, and oh, you can export those chips
and video, but am going to give us twenty percent.
It's that sort of style of government is what you're
seeing unfold in America at the moment. But Raydalio is
always worth listening to. The name wins a bell yeap.
Speaker 2 (09:21):
So definitely not a democracy. I heard somebody else on
a podcast I was listening to the other day talking
about this, and it's actually never been a democracy. They
pointed out that it was formed as a republic. So
where people got the idea that it was supposed to
be a democracy. I'm not sure. It's funny that they
(09:42):
always insist that they're going around spreading it. They don't
they the democracy from the republic.
Speaker 1 (09:47):
The rewrap.
Speaker 2 (09:48):
Let's finish up here with the only thing I'm interested
in voting for beer.
Speaker 3 (09:53):
Very good news for Fortune Favors. Have you missed this?
The be A News garage Project has come to the
rescue Fortune Favors. Well known be A maker fell over
last week, prices up, sales down, economy tight, jobs lost.
It's the old hospo or retail story, or is it?
I mean, how much of the story behind the headline
is about the actual business. This is my increasing fascination
at the moment. How can garage project make something that
(10:14):
wasn't working work? They've got the same costs, same be a,
same punters, Ben Bailey and the studio just a couple
of days ago expanding. How can you expand in hospit
for goodness sake? Well he can, he does. He's bullish.
He argues, you do it right, you will succeed. I
believe him. How can you not look at his record?
Garage project ironically a linked to Bailey and his new
Wellington Pavilion business opening in Oriental Parade next year. Are
(10:35):
there awkward questions around Fortune Favors? I mean, is it
not the industry but the specifics of the operation at player?
I mean, were they not to put too fine a
point on it? Simply not good enough? How come Smith's
cities in trouble, but other furniture players aren't. Is it
a niche in the market? Is it location? Is at debt?
Is its service? Is it top down leadership?
Speaker 1 (10:53):
Is it luck?
Speaker 3 (10:54):
Is it all of those things? Will garage project use
their bank balance simply to tread water until better days arrived?
Is that how the government's thirty million dollar loan program
to regional airlines work? Keep the wolf from the door
until the growth returns, and then the rising tide basically
lifts it. Every did garage projects see an opportunity or
is this ultruism? They simply want to save some beer
and a brand? How much risk is involved? These, to
(11:15):
me are fascinating questions. There's no doubt we're at the
bottom of this business cycle, this economic cycle, and what
an ugly cycle it's been, and through it many have
not survived, of course, But how much of it was
ever about the economy versus how much of it was
about wrong place, wrong time, bad practice, lack of expertise. Obviously,
we love an entrepreneur and we wish everyone well, but
(11:37):
success is clearly about more than a nice idea and
self employment. Maybe risk and startups are really about some
pretty exceptional people who, if you can survive what we've
gone through, need a lot more recognition than they get.
Speaker 2 (11:50):
Yeah. So we had the guy from Garatge Project on
this morning trying to explain to us why he thought
he could make a goal of Fortune Favors when Fortune
Favors themselves couldn't. His argument was that they where it
actually is in Wellington is such as the perfect place
to have a bear on a lovely day, and which
(12:10):
raises the questions, have they just not pa quite enough
lovely days in Wellington to make that work? And does
Garrett Project have the ability to make more lovely days
in Wellington? Because if they do, that's I mean, I'm
sure it was just an uncharacteristically low number of lovely
days over a short period and we'll get back to
(12:33):
the right number of lovely days. Good luck with that, Wellington.
I'm all for more beer, That's all I can say.
I Agle and Heart, I'm for beer. I'll see you
back here in the morrow.
Speaker 1 (12:46):
For more from News Talks at b Listen live on
air or online, and keep our shows with you wherever
you go with our podcast on iHeartRadio.
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