July 30, 2025 • 12 mins
THE BEST BITS IN A SILLIER PACKAGE (from Thursday's Mike Hosking Breakfast) Hopefully Just In Time/Jerome Burgundy/Nobody's Coming/More Orr Dribble/The Paper Plus Problem
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Speaker 1 (00:09):
You're listening to a podcast from News talks'd be follow
this and our wide range of podcasts now on iHeartRadio, Rewrap.
Speaker 2 (00:26):
There and welcome to the Rewrap for Thursday. All the
best buts from the Mic Hosking Breakfast on Newsbalks. He'd
be in a sillier package. I am glen Hart and
today what the Fed did or didn't do? Migration? We
don't worry about going to Australia. There's something else going on.
(00:49):
Do we know why Adrian or actually resigned yet? Have
we found that out yet? And good old paper plus
I'm going to talk about that. But before any of
those things, let's talk about oil and gas. It's back on.
They've turned it back on.
Speaker 3 (01:05):
Do you want to talk about doing stuff that matters?
This week will produce one of the great ones. Repealing
the oil and gas ban as the government are about
to do, puts right to an egregious wrong, possibly the
most egregious wrong of the last government. What gives us
current government, I would argue, are better than even chance
of a second term, is the fact the damage done
to the economy was done by the very same people
(01:26):
who are still in labor, still running labor presumably we'll
still argue for the same recipe for destruction next year.
Megan Woods still here, drove the oil and gas ban
under the instruction of you know who. There was no warning,
no consultation, just a fateful announcement in Taranaki. It was
idealism at its very very worst. If we had all
the windmills and solar panels and batteries in place, might
have made more sense. But as we have seen and
(01:48):
felt for the past handful of winters, we didn't. We
don't not even close. What's made of particularly galling is
that Australia has doubled down on gas. It understands gas
is the transition fuel while the so called renewable transformation
takes place an Australia's gas industry is run out of
Western Australia, which is run by a lake the government
(02:09):
fed to the rest of Australia, which is run by
a labor government. And that, as I have said before,
is what can make labor palatable. A centrist labor style
party is electable like elbows, like Bob Hawk's. The Adurn
Hipkins version looks like a bunch of wonks who never
met an economy that couldn't wreck now. The repeal won't
solve everything overnight. Our reputation is so badly damaged. A
lot of FaceTime and explaining has to be undertaken with
(02:33):
potential investors. Hence the government's two hundred million dollars steak
in the Game fund. If you ever wanted a living, breathing,
tangible example of a government that simply didn't get it,
think back to your last couple of winters, where the
coal pile has never been higher, the rain may or
may not have come, the gas reports keep getting worse,
the spot price heads into the stratosphere, and your power
bill continues to head to the roof. That is Labour's
(02:55):
energy policy for you. That is the labor government idea
of a fun winter. Getting that repealed is rectifying a
shockingly shallow, ill conceived idea and monumental mistake.
Speaker 2 (03:06):
Yes, I've just been recently been looking at the hot
water coming out of the tip that's hated using gas
and cooktop that's gas, wondering how much life is left
in it. Maybe a little bit more life left in
it yet, so might be a few more home cooked
(03:29):
meals before we just rely on takeaways. Rewrap exciting day
in America because the interest rates, that's right, stayed the same.
Speaker 3 (03:40):
No change from the Fed just to ruin Trump's day.
Speaker 4 (03:42):
He is pal Changes to government policies continue to evolve,
and their effects on the economy remain uncertain. Higher tariffs
have begun to show through more clearly to prices of
some goods, but their overall effects on economic activity and
inflation remain to be seen. A reasonable base case is
that the effects on inflation could be short lived, reflecting
(04:04):
a one time shift in the price level. But it
is also possible that the inflectionary effects could instead be
more persistent, and that is a risk to be assessed
and managed.
Speaker 3 (04:16):
Does it worry you who says short lived and didn't
appear to know that that might have been grammatically incorrect,
and he is the bed chair.
Speaker 2 (04:23):
I do love a Ron Burgundy moment like that, Jerome.
I mean, he's not a force of nature. He's not
mister dynamism, is he? But yeah, he obviously just you know,
read short lived as short lived, wasn't really listening to himself.
(04:49):
I mean that it's a bit different that one, because
you know, obviously it's written lived, but we know it's lived.
Because it's written and lived. It's all the same, isn't it,
Whereas I don't know. I always one of my favorites
was when Wendy Petrie talked about the rooftop snippers on
the terrible evening of the Mosque shooting, and there'd been
(05:16):
rooftop snippers in place at government buildings, and I often
wondered if it was written, if somebody had accidentally written snippers,
or what had happened there. I suppose I could just
ask you next time I see you Rerap where to
bring it up?
Speaker 3 (05:32):
Anyway?
Speaker 2 (05:33):
Migration migration, We've got some more migration data where we
data heavy in the podcast today and tell you.
Speaker 3 (05:39):
What the real story round the migration stats that got
all the headlines the other day was about own. It's
not the record number of people going to Australia. Forget that.
I mean that, to be fair, is not going concern
and to be frank not one I'm ever sure we're
going to fix. I mean even in the good old days.
In those days, by the way, weren't that long ago.
The net loss was down to three thousand in the
years twenty fourteen through twenty nineteen. Just think about that.
Why was that. Well, the answer was we had a
(06:01):
government the random decent economy. Of course they called it
a rock star economy. Remember the rock star economy. This
is an inescapable politically as well as economic truth. When
you run an economy properly, this opportunity, an opportunity brings satisfaction.
Since then, COVID and the Labour government blew the place
apart and we've been bailing ever since. But back to
the real story. It is to be found in the
overall migration growth, not just Australia. And when you add
(06:25):
up all the people who left to everywhere and all
the people who arrived from everywhere, that number ladies in
general is down to fourteen thousand. Is that bad? My word?
Speaker 4 (06:33):
It is.
Speaker 3 (06:34):
At its peak it was about one hundred and forty thousand.
A lot of people thought that level the growth was
too high. I didn't. I mean, what this country needs
is more people, not less. But it was contentious among some.
It also, on the upside, showed a lot of people
saw us as attractive. That's never a bad thing, being attractive,
as valuable the many aspects of life I've found, don't
you reckon anyway? We're now down to fourteen thousand. The
(06:55):
real story being what if it reaches zero or worse
less than zero, that means we are shrinking. That means
we're going backwards. That's a disaster. Here's the real worry.
I worried about this if you're a regular at least
a year ago, if not longer. But was reassured at
the time by experts it would never happen, the figure
would level out. Well, they were wrong, and I'm not
(07:16):
remotely reassured. A country losing population is a losing country.
It's a backwards country. It's a lost country. It's about attitude,
it's about reputation, it's about economic growth and prosperity. We're
on the verge of something potentially profound, and yet all
we could do was obsessed about Australia.
Speaker 2 (07:30):
So my question is, what does Mike know about being attractive?
The weird comment to make even Jeremy Piven, who was
our in studio guests this morning, told him he looked
like he was sixty. The rewrapped now an ongoing, not
an obsession, but a preoccupation of Mike's has been this
(07:51):
whole business of our former Reserve Bank governor, just storming
off and a half and nobody really knowing why, what
the story was there, or just how happy he was.
Little bits of detail keep dribbling through though, and Mike's
been mopping up that dribble.
Speaker 3 (08:09):
More details, it's the silliest story, but more details on
Adrianaw's quote unquote shock resignation. So we've got some just
released meeting minutes, and in the meeting all left early.
He had a meeting with the Finance Minister and the
Treasury and just over a week before his resignation. So
the minutes which were taken by Treasury showed that all
(08:31):
quote unquote made it clear he disagreed with the Treasury
over the amount of the government funding deem necessary. He
expressed his frustration regarding the relationship between the RB and
the Treasury before leaving the meeting. So in other words,
he packed his sad, stormed out and that was the
end of that. That was then left to Quigley, the chair,
the RB chair, to write to war and say, hey,
you know, a little bit frothy, buddy, tone it down
(08:52):
all words to that effect. And so, as I said
the other day, when the initial information came out of this,
all that happened was they were trying to run the
Reserve Bank for Less. Quickly said, by the way at
the meeting that the board were in alignment with the
government or Treasury as opposed to the executive of the
Reserve Bank. In other words, Quickly was siding with the
(09:12):
government as opposed to war. So that's fine. But all
we needed to say at the time, all Adrian ever
needed to say was look, they wanted me to run
this place with Less. I didn't find it acceptable. Therefore
I've resigned. What's so difficult about saying that? And yet
we've had weeks with this sort of weird mystery.
Speaker 2 (09:30):
Doesn't matter? Are we not at the point? I mean,
I've been at this point for a long time where
I just want to forget that all that stuff happened
and move on. For odd Adrian probably does too. It's
my different problems instead of living and let living and
let go, letting go and to hold on to things,
(09:52):
chill out, man. It's a rewrap by a book or
a puzzle, but maybe a desktop plan our calendar paper.
Speaker 3 (10:02):
Plus for reasons that I've never quite got to the
bottom of. And I suppose it doesn't really matter. But
they ran into trouble, but they returned to profit and
they renegotiated their loans with the bank, they raised some
new capital, and the total sales rising, and so things
are looking up for paper Plus. Because we all know
(10:22):
paper plus. I think we all like paper Plus, don't we,
And we all want, you know, businesses that have been
doing a bit poorly to do a bit better.
Speaker 2 (10:28):
But surely the main reason that paper Plus was in
trouble was because of the whole you know, people don't
do box anymore thing. And not only do they not
do box, but they also don't do things like writing pads,
look at actual calendars on the wall. Basically all the
stuff that paper plus was doing, we don't really do.
(10:56):
I've always had the impression that they are sort of
the shops, that they're the shop you have when you
don't have a wet cause, and your wet calls are
mostly in your malls, whereas and a sort of a
small town center that's where you'd have a paper class,
and therefore it'd also be more expensive as well. I'm
not saying that's definitely what the case was there, but yeah,
(11:17):
somehow they've turned that around. I know our one and
I eseeisly sell quite a lot of toys. Maybe they've
up there toy game, which that'll be tough to hear
from the toy World that's in Silverdale. They won't want
(11:40):
them on begging him to go into paper class for competition.
I don't know how that toy world survives with the
warehouse just down the road. Jeez, retails complicated, isn't it.
I've I've screwed up my brow there and I've given
myself a headache. So I'm going to try and massage
that out and I'll be back again with more of
(12:01):
this rubbish tomorrow. See then.
Speaker 1 (12:10):
For more from Newstalk st B. Listen live on air
or online, and keep our shows with you wherever you
go with our podcasts on iHeartRadio
You're listening to a podcast from News talks'd be follow
this and our wide range of podcasts now on iHeartRadio, Rewrap.
Speaker 2 (00:26):
There and welcome to the Rewrap for Thursday. All the
best buts from the Mic Hosking Breakfast on Newsbalks. He'd
be in a sillier package. I am glen Hart and
today what the Fed did or didn't do? Migration? We
don't worry about going to Australia. There's something else going on.
(00:49):
Do we know why Adrian or actually resigned yet? Have
we found that out yet? And good old paper plus
I'm going to talk about that. But before any of
those things, let's talk about oil and gas. It's back on.
They've turned it back on.
Speaker 3 (01:05):
Do you want to talk about doing stuff that matters?
This week will produce one of the great ones. Repealing
the oil and gas ban as the government are about
to do, puts right to an egregious wrong, possibly the
most egregious wrong of the last government. What gives us
current government, I would argue, are better than even chance
of a second term, is the fact the damage done
to the economy was done by the very same people
(01:26):
who are still in labor, still running labor presumably we'll
still argue for the same recipe for destruction next year.
Megan Woods still here, drove the oil and gas ban
under the instruction of you know who. There was no warning,
no consultation, just a fateful announcement in Taranaki. It was
idealism at its very very worst. If we had all
the windmills and solar panels and batteries in place, might
have made more sense. But as we have seen and
(01:48):
felt for the past handful of winters, we didn't. We
don't not even close. What's made of particularly galling is
that Australia has doubled down on gas. It understands gas
is the transition fuel while the so called renewable transformation
takes place an Australia's gas industry is run out of
Western Australia, which is run by a lake the government
(02:09):
fed to the rest of Australia, which is run by
a labor government. And that, as I have said before,
is what can make labor palatable. A centrist labor style
party is electable like elbows, like Bob Hawk's. The Adurn
Hipkins version looks like a bunch of wonks who never
met an economy that couldn't wreck now. The repeal won't
solve everything overnight. Our reputation is so badly damaged. A
lot of FaceTime and explaining has to be undertaken with
(02:33):
potential investors. Hence the government's two hundred million dollars steak
in the Game fund. If you ever wanted a living, breathing,
tangible example of a government that simply didn't get it,
think back to your last couple of winters, where the
coal pile has never been higher, the rain may or
may not have come, the gas reports keep getting worse,
the spot price heads into the stratosphere, and your power
bill continues to head to the roof. That is Labour's
(02:55):
energy policy for you. That is the labor government idea
of a fun winter. Getting that repealed is rectifying a
shockingly shallow, ill conceived idea and monumental mistake.
Speaker 2 (03:06):
Yes, I've just been recently been looking at the hot
water coming out of the tip that's hated using gas
and cooktop that's gas, wondering how much life is left
in it. Maybe a little bit more life left in
it yet, so might be a few more home cooked
(03:29):
meals before we just rely on takeaways. Rewrap exciting day
in America because the interest rates, that's right, stayed the same.
Speaker 3 (03:40):
No change from the Fed just to ruin Trump's day.
Speaker 4 (03:42):
He is pal Changes to government policies continue to evolve,
and their effects on the economy remain uncertain. Higher tariffs
have begun to show through more clearly to prices of
some goods, but their overall effects on economic activity and
inflation remain to be seen. A reasonable base case is
that the effects on inflation could be short lived, reflecting
(04:04):
a one time shift in the price level. But it
is also possible that the inflectionary effects could instead be
more persistent, and that is a risk to be assessed
and managed.
Speaker 3 (04:16):
Does it worry you who says short lived and didn't
appear to know that that might have been grammatically incorrect,
and he is the bed chair.
Speaker 2 (04:23):
I do love a Ron Burgundy moment like that, Jerome.
I mean, he's not a force of nature. He's not
mister dynamism, is he? But yeah, he obviously just you know,
read short lived as short lived, wasn't really listening to himself.
(04:49):
I mean that it's a bit different that one, because
you know, obviously it's written lived, but we know it's lived.
Because it's written and lived. It's all the same, isn't it,
Whereas I don't know. I always one of my favorites
was when Wendy Petrie talked about the rooftop snippers on
the terrible evening of the Mosque shooting, and there'd been
(05:16):
rooftop snippers in place at government buildings, and I often
wondered if it was written, if somebody had accidentally written snippers,
or what had happened there. I suppose I could just
ask you next time I see you Rerap where to
bring it up?
Speaker 3 (05:32):
Anyway?
Speaker 2 (05:33):
Migration migration, We've got some more migration data where we
data heavy in the podcast today and tell you.
Speaker 3 (05:39):
What the real story round the migration stats that got
all the headlines the other day was about own. It's
not the record number of people going to Australia. Forget that.
I mean that, to be fair, is not going concern
and to be frank not one I'm ever sure we're
going to fix. I mean even in the good old days.
In those days, by the way, weren't that long ago.
The net loss was down to three thousand in the
years twenty fourteen through twenty nineteen. Just think about that.
Why was that. Well, the answer was we had a
(06:01):
government the random decent economy. Of course they called it
a rock star economy. Remember the rock star economy. This
is an inescapable politically as well as economic truth. When
you run an economy properly, this opportunity, an opportunity brings satisfaction.
Since then, COVID and the Labour government blew the place
apart and we've been bailing ever since. But back to
the real story. It is to be found in the
overall migration growth, not just Australia. And when you add
(06:25):
up all the people who left to everywhere and all
the people who arrived from everywhere, that number ladies in
general is down to fourteen thousand. Is that bad? My word?
Speaker 4 (06:33):
It is.
Speaker 3 (06:34):
At its peak it was about one hundred and forty thousand.
A lot of people thought that level the growth was
too high. I didn't. I mean, what this country needs
is more people, not less. But it was contentious among some.
It also, on the upside, showed a lot of people
saw us as attractive. That's never a bad thing, being attractive,
as valuable the many aspects of life I've found, don't
you reckon anyway? We're now down to fourteen thousand. The
(06:55):
real story being what if it reaches zero or worse
less than zero, that means we are shrinking. That means
we're going backwards. That's a disaster. Here's the real worry.
I worried about this if you're a regular at least
a year ago, if not longer. But was reassured at
the time by experts it would never happen, the figure
would level out. Well, they were wrong, and I'm not
(07:16):
remotely reassured. A country losing population is a losing country.
It's a backwards country. It's a lost country. It's about attitude,
it's about reputation, it's about economic growth and prosperity. We're
on the verge of something potentially profound, and yet all
we could do was obsessed about Australia.
Speaker 2 (07:30):
So my question is, what does Mike know about being attractive?
The weird comment to make even Jeremy Piven, who was
our in studio guests this morning, told him he looked
like he was sixty. The rewrapped now an ongoing, not
an obsession, but a preoccupation of Mike's has been this
(07:51):
whole business of our former Reserve Bank governor, just storming
off and a half and nobody really knowing why, what
the story was there, or just how happy he was.
Little bits of detail keep dribbling through though, and Mike's
been mopping up that dribble.
Speaker 3 (08:09):
More details, it's the silliest story, but more details on
Adrianaw's quote unquote shock resignation. So we've got some just
released meeting minutes, and in the meeting all left early.
He had a meeting with the Finance Minister and the
Treasury and just over a week before his resignation. So
the minutes which were taken by Treasury showed that all
(08:31):
quote unquote made it clear he disagreed with the Treasury
over the amount of the government funding deem necessary. He
expressed his frustration regarding the relationship between the RB and
the Treasury before leaving the meeting. So in other words,
he packed his sad, stormed out and that was the
end of that. That was then left to Quigley, the chair,
the RB chair, to write to war and say, hey,
you know, a little bit frothy, buddy, tone it down
(08:52):
all words to that effect. And so, as I said
the other day, when the initial information came out of this,
all that happened was they were trying to run the
Reserve Bank for Less. Quickly said, by the way at
the meeting that the board were in alignment with the
government or Treasury as opposed to the executive of the
Reserve Bank. In other words, Quickly was siding with the
(09:12):
government as opposed to war. So that's fine. But all
we needed to say at the time, all Adrian ever
needed to say was look, they wanted me to run
this place with Less. I didn't find it acceptable. Therefore
I've resigned. What's so difficult about saying that? And yet
we've had weeks with this sort of weird mystery.
Speaker 2 (09:30):
Doesn't matter? Are we not at the point? I mean,
I've been at this point for a long time where
I just want to forget that all that stuff happened
and move on. For odd Adrian probably does too. It's
my different problems instead of living and let living and
let go, letting go and to hold on to things,
(09:52):
chill out, man. It's a rewrap by a book or
a puzzle, but maybe a desktop plan our calendar paper.
Speaker 3 (10:02):
Plus for reasons that I've never quite got to the
bottom of. And I suppose it doesn't really matter. But
they ran into trouble, but they returned to profit and
they renegotiated their loans with the bank, they raised some
new capital, and the total sales rising, and so things
are looking up for paper Plus. Because we all know
(10:22):
paper plus. I think we all like paper Plus, don't we,
And we all want, you know, businesses that have been
doing a bit poorly to do a bit better.
Speaker 2 (10:28):
But surely the main reason that paper Plus was in
trouble was because of the whole you know, people don't
do box anymore thing. And not only do they not
do box, but they also don't do things like writing pads,
look at actual calendars on the wall. Basically all the
stuff that paper plus was doing, we don't really do.
(10:56):
I've always had the impression that they are sort of
the shops, that they're the shop you have when you
don't have a wet cause, and your wet calls are
mostly in your malls, whereas and a sort of a
small town center that's where you'd have a paper class,
and therefore it'd also be more expensive as well. I'm
not saying that's definitely what the case was there, but yeah,
(11:17):
somehow they've turned that around. I know our one and
I eseeisly sell quite a lot of toys. Maybe they've
up there toy game, which that'll be tough to hear
from the toy World that's in Silverdale. They won't want
(11:40):
them on begging him to go into paper class for competition.
I don't know how that toy world survives with the
warehouse just down the road. Jeez, retails complicated, isn't it.
I've I've screwed up my brow there and I've given
myself a headache. So I'm going to try and massage
that out and I'll be back again with more of
(12:01):
this rubbish tomorrow. See then.
Speaker 1 (12:10):
For more from Newstalk st B. Listen live on air
or online, and keep our shows with you wherever you
go with our podcasts on iHeartRadio
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