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February 23, 2025 • 11 mins

THE BEST BITS IN A SILLIER PACKAGE (from Monday's Mike Hosking Breakfast) So Move On/Stop Selling Off the Best Bits/The Importance of Non-Contact Time/Busting the Hospo Myth/Grok Knows What's What

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Speaker 1 (00:09):
You're listening to a podcast from News Talk sed B.
Follow this and our wide range of podcasts now on iHeartRadio, Rewrap.

Speaker 2 (00:26):
And welcome to the Rewrap for Monday. All the best,
but it's from the mic asking breakfast on news Dogs
d be in a sillier package. I am Glen Hart
today and should Fonterra sell off its benefits? There's a
teacher shortage and I feel like reading is that right?
I've heard the story before hospitality is it going good

(00:48):
or not? And what Rock three has to say about misinformation?
But before any of that, these Chinese warships should we
be worried?

Speaker 3 (00:58):
I'm sad to report that Winston Peters is wrong. It's
thinking that the Pacific Flavors friendship has been proven naive.
As I've always said, checkbooks win and we don't have
a checkbook. And even his goodwill gest Durre in twenty
seventeen when he lined up alongside Labor and handed out
that billion dollars has proven waefully shut. The Chinese have
shown over the weekend the world is changing and in
a dramatic way. And we haven't even mentioned the word

(01:21):
Trump yet. The Cook's deal is about mining the sea bed.
It's about things at great depth and the ocean that
are worth a fortune, and the Chinese want their hands
on it. Meantime, the Chinese Navy's arrived locally. Of course,
we're busy diverting planes while having no idea while they've
done what they've done. Best reasoning I've seen so far
is from Mick Ryan, who appears on this program periodically.
His ex military and a great thinker. He's deeply worried,

(01:42):
and if he is, we should be as well. His
theory is the Chinese reminding Australia that you might want
to stay local instead of wandering off and doing your
exercises and places like oh, I don't know Taiwan. If
you don't know what's coming, and when you stay local
makes sense. They're sending a message. Is it legal? Yes,
international waters, international law. Nothing's been broken apart from the

(02:02):
fact they're route by not letting anybody know. But then
that's the point. Of course. There's also a sense sort
of picking of sides, is coming orcus or no orcus?
We might like to think about that as well. We
might also like to look at our defense forces of
Judith Collins mentioned earlier on in the program and wonder
yet again if we've tried our luck on just a
little bit long and what's left of what we might

(02:24):
need needs a bit of dough spending on it. But
as for the Pacific, Mark Brown will say nice things,
of course he will. But money talks, and it has talked.
The Pacific generally are being or have been bought off
by Chinese money, whether it's security like the Solomon's or
mining like the Cook's. Friendship doesn't solve any of it.

Speaker 2 (02:41):
Yes, you can buy a lot of friends with a
lot of money, and China has a lot more than
we do.

Speaker 4 (02:50):
So yeah, I don't know. I don't know what you
do about that. Move on, don't worry about it.

Speaker 2 (02:55):
A rewrap Now, it seems like some of the things
Fonterra is looking at selling also made money, so why
are they selling them?

Speaker 3 (03:02):
So we should all be paying attention, by the way,
to Fontira. At the moment, they're one of the country's
star operators. Of course, they play an outside role in
our life given their size and success, and their success
of late has composed the previous CEO, and as a
result of the arrival of the curren CEO, they're funneling
billions into our beleged economy in each and every one
of us is affected and should be grateful for their performance.

(03:22):
But they might be about to make a mistake. They're
looking to shift their consumer business now. Their core business
is getting milk from farmers and doing stuff to it.
Milk powder is a big one. This is where the
big money is. That the world loves high quality dairy
know and does it better than us. But they also
have what they call consumer brands, end products that you know, capity, mainland,
fern leaf anchor. They want to move them on in

(03:44):
one of a couple of ways. They want to do
this because they've decided someone else can do it better.
In this they're wrong. A trade sale is an option, ie,
you sell it off in you pocket the money. Big, big,
big mistake. They did that with tip Top. They should
have held it. Or they're doing an ipo afloat so
you and I get the chance to potentially buy a slice.

(04:04):
A better idea but not ideal. To specialize in one
thing is fine, but there is no reason think about it.
There's no reason Fontierra can't make sell market and succeed
with butter, or cheese or ice cream. There's no reason
they can't hire the best people to make a top
success of these sort of products. It's not like they're
moving into housing or car manufacturing areas. They know nothing

(04:25):
about you milk a cow, you sell ice cream. It's connected.
Value add is in part what has held this country
back chopping a tree down, for example, and then we
sell it to China and they do the rest. It's madness.
If Fontia can lead the world in bulk dairy, they
can lead the world and the products that result. Brands
are valuable. They take time and passion to create, and
they're worth more than a shipload of powder. Lots of

(04:45):
people can do the powder in the bulk brands. Refined
product value add that's where you want to be. And
the thing is they're already there, they already have them,
and now they want to walk away nuts.

Speaker 4 (04:58):
Yeah.

Speaker 2 (04:58):
Somebody who was actually just talking to me about this
over the weekend, about you know, us not selling the
value added stuff, the value added stuff here, having to
buy it back off the people when we sell in
the law products. And yeah, there does seem to be
a it seems to be a habit we've got into

(05:19):
over the over the decades around. Now, just when you
thought there was no teacher shortage, it turns out we've
done our sums wrong.

Speaker 4 (05:28):
Whoopsies.

Speaker 3 (05:29):
If Brian roach report wasn't good enough, last week, we
find that Erika Stanford, Minister of Education, lost her You
know what, twelve hundred and fifty teachers short this year?
Is that bad? Reasonably bad? Is that what we're expecting?

Speaker 1 (05:42):
Not?

Speaker 3 (05:43):
Really, we're expecting the surplus of a thousand. So just
the two and a half thousand out and you ask yourself,
of course, how.

Speaker 4 (05:50):
Is that possible because of the mess.

Speaker 3 (05:52):
We don't know how they exactly no one passed the
maths test. And then that's the difficulty, isn't it. The
twenty twenty three Teacher Demand and Supply Planning projection failed
to account for the additional teacher release and non content
administrative time gained by teachers in their latest collective agreement.
In other words, known was awake. They should get an
email that said, namely, five things that you did last
week that were of any use to anybody at all?

(06:14):
And when they can't answer.

Speaker 4 (06:16):
When they put down the non contact time.

Speaker 3 (06:18):
Exactly, well, second.

Speaker 2 (06:19):
That was just for jokes, by the way, look for
one thing, I don't think second teachers when we've already
got a teacher shortage is a very good idea. And
for another thing, I think the non contact time is important.
I know I heard somebody related to me fairly closely.
We spent a lot of time teaching kids during the day,

(06:42):
and some days.

Speaker 4 (06:43):
Go better than others.

Speaker 2 (06:45):
And when there hasn't been a non contact time, on
the days that haven't gone very well, there's a few
wines that get drunk that night, even in the early
stages of the week sometimes. So yeah, So I don't
think Mike's point was there shouldn't be non contact. I
think he would saying, please count correctly when you count

(07:07):
how many teachers we I think that's what its point was.
The rewrap actually speaking of having a nice wine, can
you get in to the places where you want to
go to drink it?

Speaker 4 (07:18):
That's the question.

Speaker 3 (07:19):
Little Sammy was out over the weekend. He was on
Wahiki Island, which is an island off the coast of Auckland.
All the vineyards closed at six o'clock. This is the
ongoing debate around regional New Zealand that if you mapped,
I don't know, just keep the door open, you might
get some custom. So he turns up at these vineyards
at six o'clock, not open or closed. But by summer, summertime,
it's still light, it's still warm. You want a veno,

(07:40):
but no, why would we want to serve you or
indeed be open for business in the middle of summer,
in the middle of the tourist season, when we can
close at six o'clock. Meantime, my experience Friday, we're out
in a sort of a strip of restaurants, four or
five different restaurants. I have never seen more people in
my life. Now I told you the story in the country.
A couple of weeks ago, we try and book. They

(08:01):
can't book for love nor money. They're booked out weeks
literally in this particular case, weeks in advance. We go
to another place the next day. They were booked out
the previous night. They're booked out that night. They don't
want to do with it. They're running out of ingredients
and they've got so many people coming in. Friday night,
we're out and we're sitting outside. And this, by the way,
because we eat dinner early. We were with other people
and we try not to be too abnormal with other people,

(08:23):
and so we said, how about five thirty. So we
got away with five thirty.

Speaker 4 (08:27):
So I don't like to undertake too much with the
late lunches.

Speaker 3 (08:29):
No exactly, So anyway, five thirty at this restaurant that
holds I'm guessing one hundred plus people. At five thirty
on a Friday evening, you cannot move. There are people
standing on the footpath with no bookings, pleading to get
into this place. You go down the strip, restaurant after restaurant,
after read about four or five on the strip, you
can't breathe. There are so many people drinking, so many beers,

(08:52):
having so many metsa platters, ordering so many pizzas. And
I'm thinking to myself, who is it in hospitality that
isn't doing well? And what is it they're doing apart
from being closed that means you're not doing well. People
clearly are desperate to spin money, because that's what I'm seeing.
All I'm seeing when I go out periodically and dipping

(09:13):
my toe to the world of hospitality is one, I
can't get a table. Two. There are just people just
desperate to unload their die. So I don't know what's
going on go.

Speaker 4 (09:22):
We had a great meal on today night that restaurant Alpino.
It's the name of the restaurant. And now am I
going to here wondering?

Speaker 2 (09:30):
Now I've told you that it will get even busier.
Probably are very accommodating, though, Yeah, I poor old Sam
on Wyhiki. I don't understand that some vineyards seem to
be under the mistaken impression that their vineyards and not
places for people to go and eat and drink. And

(09:51):
I know that they want to make some wine, but
make some money as well.

Speaker 3 (09:55):
Why don't you it's the rewrap?

Speaker 4 (09:57):
How hard is it?

Speaker 2 (09:58):
The sleeping but the hummus and a couple of slices
of salami and a wheel of cheese on a board
with a few crackers. Seriously, right, we're going to finish up? Yeah,
we could ask three. I suppose our heart is Grock three.

Speaker 3 (10:10):
We told you about just quickly. This is Elon's weird thinking.
This is Grock three. So who? So you asked Grock
three and he said it was ten times smarter than
anything else in AI. So the question was asked, who
are the top five people are group spreading disinformation on X?
They asked Grock three. The response was, Elon Musk, this
has gone viral, as you can imagine. The response came

(10:31):
back because it's ten times smarter than anything else and
Ai Elon Musk, Donald Trump, Robert F. Kennedy Junior, Alex Jones,
and RTI.

Speaker 4 (10:40):
So maybe it is ten times smarter.

Speaker 3 (10:41):
You're pretty bright after all. Really, I'm having said that,
I could probably have told you that.

Speaker 2 (10:45):
Just don't know how much of your your life you're
you're seeing, your online life you've compared to trust to
something called grock.

Speaker 4 (10:55):
I just wonder if they.

Speaker 2 (10:58):
Like deep Sea says it doesn't it sums at all
that there, but Grok, I don't know how much of
an order you're get to capture with it when you
just called grop were even grock three? Anyway, maybe I'm
probably wrong. It'll probably catch on. I'm sure Elion's.

Speaker 4 (11:17):
Right about everything. And we'll see you back here again.

Speaker 1 (11:20):
Tomorrow for more from News Talks at b Listen live
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