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May 28, 2025 • 13 mins

THE BEST BITS IN A SILLIER PACKAGE (from Thursday's Mike Hosking Breakfast) Can We Get a Bit More Ooomph?/Powering Up Chippie/Running and Rolling/Overnight Coffee

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Speaker 1 (00:09):
You're listening to a podcast from Newstalk Z EDB. Follow
this and our wide range of podcasts now on iHeartRadio Rewrap.

Speaker 2 (00:25):
I go there and welcome to the Rewrap for Thursday.

Speaker 3 (00:28):
All the best, but it's from the Mic Hosking Breakfast
on NEWSDALGS EDB and a Sillier package. I am Glenn Hart,
and today we need to talk about power policy both
here and in Australia and who should be taking note
of what? What does cheese rolling have to do with
run it straight and coffee? The price of Mike is

(00:51):
a man obsessed before any of that. Yes, it was
the rbn z's big day yesterday. It was certainly Christian
Hawksby's first time out.

Speaker 4 (00:59):
Now call me superficial, but to watch the Brazerve Bank
heavyweights lined up as I did yesterday afternoon post their
cash right decision, you are not seeing dynamism there. Believe me,
These people outwardly do not fill you with any sense
of excitement. The Reserve Bank, I think, is in a
spot and as a result, so are we as a country.
The couple of semi interesting things happened yesterday and in
fact one very interesting thing. They voted five to one

(01:22):
to cut. They don't vote often. They also offered alternative scenarios.
They haven't done that for five years. Alternative scenarios are
not a good sign in my mind. Have enough of them.
You're literally making stuff up. I mean, anyone can drum
up alternative scenarios. What I want to hear from and
more from the experts, is what's actually going on. The
important stuff is that they've got no bias now on

(01:42):
further cuts. A lot of people thought, including me, we
would get a cut yesterday, followed by one more, possibly
two more, the so called neutral rate, that cash rate
would settle at two seven five or two point five.
That now seems to be off the table. Why they
argue inflation, which is what drives them, that's their mandate
is in the band. Trouble with that is it only
just in the band, its heading more towards the top

(02:03):
of the band. And here's the really big part. Growth
or large dollops of growth are not driving this inflation.
We're barely growing, if growing at all. And yet inflation
is still a thing that's not good for an economy,
and it's certainly not good for government. See the government,
namely Willis and luxon. They leap and have leapt on
each announcement, talking about the money coming back into the
economy as the interest rates drop. If the bank isn't

(02:25):
cutting rates aren't dropping, and we aren't spending or feeling
remotely bullish, the RB doesn't care that much because they're
fixated on inflation, whether it's driven by factors beyond our control,
things like insurance or shipping or sitting councils and rates,
or what we really want growth. Yes, we've had growth
in Q one, quite good growth. The live GDP track

(02:46):
of those got Q two up a bit, but not much,
and it has annual numbers still in the negative. Inflation
trending up. What we need, broadly speaking, in the economy's help.
We're in a quagmire. We need to extricate ourselves out of.
The RB doesn't look like they're that interested.

Speaker 2 (03:00):
Yes, unfortunately.

Speaker 3 (03:02):
Yeah, we have a recently long interview with Acting Preserve
Bank Government at Kristin Hilksby. I don't think you've described
him as being a dynamic talent on here.

Speaker 1 (03:13):
It's a rewrap.

Speaker 2 (03:14):
I mean, don't get me wrong.

Speaker 3 (03:15):
It's not a speech contest, but your mouthpiece has got
to be a mouthpiece.

Speaker 4 (03:20):
Right, here's my problem with Christian Hawksby yesterday, and this
is what's wrong with a mandate for the Reserve Bank.
And this is why it dovetails into the government of
the problems they've got with the Reserve Bank and its
current mandate. So Hawksby is busy waxing lyrical yesterday about
the exporters, about dairy, about meat, about Kiwi fruit, all
of which of course is true. But he's looking at

(03:41):
the economy and totality. And I liken it to having
ten people in the room, and ten people in the room,
you go, look what we need to do, guys, is
raise one hundred bucks. And the one person i e.
The dairy, the Kiwi fruit, the wine exporter goes, I've
got the hundred done, and Hawksby goes, oh cool, Well,
that's our problem solve, doesn't it. Meantime, nine people haven't
got work, and he's not looking at the individual sets
of circumstances within the economy, and that's what's wrong with

(04:03):
the Reserve Bank. I would also go further and suggest,
and he said it himself. He and the committee have
been locked away in a room for over a week now.
The problem with being locked away in a room with
wonks is you're looking at whiteboards and bits of paper
and you're not engaged in the real world. And I
can tell you for nothing being engaged as I am
every single day in the real world. Yes, your farm

(04:23):
is doing well and fantastic, and yes we're selling wine
and Kooby fruit. But go downtown Auckland, downtown Wellington, downtown
christ Church, look at hospital, look at retail, look at
the services sector, look at the mood. It's not healthy.
And if he then comes out and goes well because
all the people sold stuff overseas were okay and so
there's maybe no more cuts, that's where the trouble comes.

Speaker 3 (04:44):
And this is what I'm always saying, and more and
more I'm convinced that there's no real connection between me
personally and how well various different industries are doing. And
I've discussed this a lot when we talk about what
events are or aren't happening in New Zealand. You know,
is the America's cap going to be here? What if

(05:05):
it is great for restaurants and bars. Don't have any
interest in restaurant and bars other than going to them sometimes.

Speaker 2 (05:15):
So that's that's just me giving my money to them,
not making my money from them.

Speaker 3 (05:21):
It's like if the Open Council makes more money out
of its assets, does that money come back to me?

Speaker 2 (05:31):
I don't see it.

Speaker 3 (05:33):
My rates aren't going down, and this is and this is. Finally,
it seems like Mike's come around. In my way of thinking, yay,
Fonterra is doing fantastic, awesome. I'm not a shareholder. How
does that affect me?

Speaker 2 (05:47):
I'm sure it does in some way. It's like power
power generation that seems to be is it profitable or not?

Speaker 3 (05:57):
Either way, I don't know. I'm paying too much right,
We're all paying too much right. So what's Chris Hepkin's
going to do about it?

Speaker 4 (06:03):
I'm here actually, as it happens, this morning, to help
Chris Hipkins the Chipster. The Chipster was in the building
this week. I said hello to him. He asked me
when I was dropping the blacklist that I have on
him appearing on this program. I said he had appeared
already once this year, and that was plenty. We both laughed.
What I like about him is he doesn't seem to
take any of this personally. He knows I think he's hopeless,

(06:23):
and he knows I think he wrecked the country, and
he's playing the long game, and he knows. I know
he will be back next year in the election campaign,
and if he wins, he'll be back as a regular
on this program, which brings me to the help. In Australia,
this week their labor government approved the extension of a
massive gas project. Woodsite Our, Australia's largest gas producer, and
before the word came from the government, the company had

(06:44):
launched a fairly vigorous and as it turns out, effective
campaign reminding us all that if you want to look
at Spain the other day, and indeed various parts of
Europe that have been spending increasing periods of time in
the dark, you will find they became obsessed with renewables
and that obsession has led to blackouts. Continuity and consistency
of supply. Woodside argued is just as important as where

(07:05):
you get your energy. Anyway, Labor gave them the tick. Yes,
the conservationists are upset, but then again aren't they always.
The point for Hipkins is this is a labor government,
a labor government that romped home in an election. Just
the other day in Australia, a labor government with a
gargantuan majority. Why because it's what you would call an
old fashioned labor government, a labor government of old a

(07:27):
centrist labor government, not a WoT, handwringing, ideologically obsessed labor
government of say twenty twenty through twenty twenty three. In
this particular country. Think of the great labour names Blair, Hawk, Longeie.
They're your labor governments of success. Hipkins is your labor
government of failure. Albanezi has clearly learned the lessons of
history and worked them nicely to his favor. Yes, he
can be sent a left, but the lights will always

(07:49):
be on. See last time the Chipster was in charge,
we stop looking for gas altogether, and as far as
I know, he wouldn't start looking again. That's the sort
of thinking that leads to blackouts and an electorate that
doesn't see you as viable.

Speaker 3 (08:02):
Yes, this is why I would never succeed as a politician.
It is a big gap between ideals in reality, isn't there?

Speaker 2 (08:11):
And I would certainly like.

Speaker 3 (08:13):
Us not to be contributing any more to climate change.
But I also do like having my TV and my
internet going, And I don't know how to rationalize the
two rerap right. So obviously it's been a week where
a lot of people have talked about run it straight.

(08:37):
We've also spent a lot of time looking at people
rolling down the hell after cheese.

Speaker 2 (08:43):
Aren't they both as stupid as each other?

Speaker 4 (08:44):
Funny old story yesterday, Ki, we couldn't breathe couldn't talk
after cheese race when in the UK there was your headline, Ki,
we couldn't breathe couldn't talk after cheese race when in
the UK. So this was the people rolling down the
hill cracked punch you lung? Now, so we want to

(09:05):
spend all week on straight and up walk straight whatever
the hell? That weird thing is right? And once again
I reminded you, Yes, it was a tragedy. A death
was a tragedy, But we want to spend all weekendsting
about that. And yet we don't want to spend two
seconds on people rolling down a hill puncturing their lung
and being unable to breathe at the bottom. In fact,

(09:26):
not only do we not want to spend two seconds
on that, we want to celebrate it, and we want
to celebrate it year after year after year. So where's
the moral police on this one. So we don't like
running in a straight line, but we don't mind falling
down a hill. Falling down a hill's fun, even if
you puncture your lung and can't breathe. But running in
a straight lines we don't like that anymore, do we

(09:47):
come on? Where's the consistency?

Speaker 2 (09:49):
You see?

Speaker 3 (09:50):
I completely agree with ninety nine percent of everything that
Mike just said there, except for the back where if
we let one we should have the other. He was
meaning that, you know, we don't mind one, so we
shouldn't worry too much about the other thing. Because stupid
people are determined to do stupid things. I would argue

(10:11):
the opposite, stop having the stupid things. If the crowds
didn't turn up, and if you didn't have the cheese,
the rolling wouldn't happen, the lung wouldn't get punctured.

Speaker 2 (10:22):
Three rat comdagly, and if you had too many coffees
this morning.

Speaker 4 (10:24):
Back to coffee, which stufftails into my ongoing ankst around couriers.
So reportage this morning suggesting being and once again you
know what's happening with the price of coffee in terms
of price per pound, price per kilo, No Mad Coffee
group of commenting this morning, and they're suggesting, in reality,
we're going to be facing ten dollars a cup before
you know it. So currently it's easily seven dollars. And
I asked this question earlier on the week. I said,

(10:45):
at what point would you pull the pen? And my
answer for me anyway, because I make all my coffee
at home, and I don't know why everybody doesn't. And
I know when I say that, you know, professionals and
people in the hospital sector will be wanting to kill me.
But I'm pretty sure I'm still running my coffee at
about two dollars forty a coupy in at my house,
even with the new prices I'm paying. But at what

(11:07):
point commercially do you the pen? Is seven too much? No,
said one article I read the other day. Seven's fine,
we can still do seven small luxuries. Feel good about yourself.
Ten that's psychological, isn't it. Once you get to ten?
Ten is like, are you serious? Anyway? Back to my
business of overnight couriers. So my beans come from a
small part of New Zealand we get them done overnight courier. Now,

(11:29):
the thing about the overnight career you pay extra for
an overnight career service. My question, as we asked yesterday
to the courier company, if you advertise a product and
you say it's overnight career and they don't deliver overnight,
in other words, it doesn't happen. Do they owe you money?
Did they break their contract? Apparently not. And what we
also found out yesterday which was interesting, is where the

(11:51):
coffee beans come from in the particular part of the country,
it cannot be overnight because they will never be picked
up on the day that you order unless you order
on the right day, and there's only two right days
of the week, So if you order on a wrong
day of the week, they know they will never pick
it up on that day. Therefore it will never be overnight.
Before going into the contract offering a service they know
they can't deliver on, is that futulate?

Speaker 2 (12:15):
Yeah, I think you're entitled to a refone there.

Speaker 4 (12:17):
I believe I'm entitled to a refund, Glenn. I wish
you were the person on the end of the phone,
and still the other person on the end of the phone.
They weren't as accommodating as you are, Glenn. But that's why
we're best at Buds, isn't it.

Speaker 3 (12:27):
Why does the delivery need to be overnight anyway, I'm
not one of these people that believes that the coffee's
got to be super fresh. I've tried it both ways,
and honestly, I can't tell them.

Speaker 2 (12:43):
There's a difference. It's not like you know, you're testing blood.

Speaker 3 (12:49):
I don't think we need one of those cars, you know,
with urgent blood written on the back window, with urgent
coffee got to get it to the Hosking ranch. I
don't think it's so important, is it?

Speaker 2 (13:04):
To stop?

Speaker 3 (13:05):
The problem is you shouldn't say that it's overnight delivery.
That's true, it's not overnight delivery. But I also don't
think that you should offer overnight delivery. It doesn't need
to be mean. I buy my coffee beans usually at
the supermarket, and I have no idea how long I've
been sitting on the shelf. It may taste pretty much
the same every time. I am a green hat, not

(13:27):
a coffee snob. I don't think I like it how
I like it. But it doesn't have to be delivered overnight.
That's all I'm saying. That's all I'm saying. That is
all I'm saying until I start saying more stuff to
marrow sebe.

Speaker 1 (13:48):
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