May 24, 2025 • 40 mins
This week on The Panel, Tim Beveridge is joined by Brad Olsen and Wilhelmina Shrimpton to discuss changes to Kiwisaver and Jobseeker benefits from the budget.
Suspension of Te Pati Maori MPs being deferred, Trump's chat to Ramaphosa, proposed EU tariffs, Smith & Caughey's closing and more!
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Speaker 1 (00:05):
You're listening to the Weekend Collective podcast from News Talks.
A B. Cold oh eight hundred eighty ten eighty US
Talk said, B.
Speaker 2 (00:31):
I am unwritten, can be my mind, I'm under fine.
Speaker 3 (00:41):
I'm just speaking. Depends on my head, ending on plane.
Speaker 4 (00:49):
Staring at the blank page before you open up the
dirty window of the sun alone and may the worst
that you cannot find reaching for something over testance. Of
course you can almost say thee.
Speaker 2 (01:08):
Rain on yours.
Speaker 5 (01:11):
Left file.
Speaker 2 (01:15):
No on yours and welcome to the show. This is
the Weekend Collective for Saturday, the twenty fifth of May.
Looking forward to your company. I'll tell you what. We're
already moving around in the studio because as you know,
I let my one of my panelists or my guests
choose the opening number for each hour for I remember
to to and so yeah, there we go. They're all
(01:36):
having a great time so far. And I'll be introducing
our panel very very shortly, so you can quiver an
anticipation anyway, right we and we're looking forward to a
little further when we will be taking your calls up
to four o'clock for the one roof radio show. We
were joined by Ed mcnighty's resident economists at OPA's Partners
and the question around should we be allowing foreign bars
into the market. There's been a bit of winging from
(01:58):
the sort of upper echelons of the real estate market
about look, come on, when it gets to fifteen million,
why can't we let why can't we let foreign buyers
into the market? What should the limit be? We're going
to dig into that with Ed and after five for
the parents squad, we have a new guest. She's a
counselor at Bernardo's and psychologist Dashana pomp. I've got to
(02:18):
get this plum. I will check that pronunciation with my
great big apologies, but we're gonna have a chat about
dealing with your children's mental health dilemmas and actually when
should you give them help? And if you do get
them help, should you actually be entitled to know the
content of those counseling sessions. Before six, of course we'll
be rapping sport with chatting with Elliott Smith Auckland FC
(02:39):
Big Game. You would have heard the show with Jason
Piney's down at the pub. Be funny if he was
commentating as well. He probably is, of course, hopefully he's
just been having the orange. But anyway, Auckland f C
Melbourne victory the second game semi final where we're one
nil up. Of course it's a gold differential situation. And
we'll also preview the Chiefs versus Mwana pacifica that all
that lots of it, isn't there? Welcome to the Weekend Collective.
(03:01):
It is nine minutes past three.
Speaker 1 (03:04):
Debating all the issues and more. It's the panel on
the Weekend Collective on News Talk sed B.
Speaker 2 (03:12):
Yes, and time to introduce our panelists. Look, let's go
with the person who chose the chose that song. I
think it was Nastasha Beddingfield. She's not on the panel,
but it is in fact, and I've got to make
sure I get both l's into her name. It is
vill Helmina Shrimpton journalist and betrothed blogger. I think is
that a fair way of describing.
Speaker 3 (03:32):
Road the blogger. That's the first time blogger.
Speaker 2 (03:35):
But what you do you do blog a bit? Well,
you do instagram a little bit about it?
Speaker 4 (03:39):
You know whose Instagram? I'd quite like to talk about
it just really briefly, is yours.
Speaker 2 (03:43):
With your Okay, we'll get onto that in a minute.
Speaker 4 (03:46):
A good song choice by the way, right loved Bill
than I was expecting.
Speaker 3 (03:50):
Ben will be listening at home and he loves that song.
Speaker 2 (03:52):
So Ben, lovely to have you on board, Ben and
joining Joining Wilhelmina is Wilhelmina. He's actually a bit of
a media hussy this week because he's been, He's been,
Where hasn't he been? It's like, where have you been?
Where haven't I been?
Speaker 5 (04:11):
Wolf?
Speaker 2 (04:11):
It is? That's quite from Blackadder, by the way, and
that's not my own material. He's as he needs no introduction,
it's brad Olsen.
Speaker 5 (04:20):
What an introduction you gave me, though, I'm so pleased
to have that on the record. And going out over
the year waves did.
Speaker 3 (04:27):
You add the wolf in or was that already part
of the It's wreck.
Speaker 2 (04:30):
Myole as captain flash art, they say flash where have
you been? And he goes, where haven't I been?
Speaker 5 (04:34):
Wo? Is this another show where I was I alive
when this first came out?
Speaker 3 (04:39):
Or actually, to be honest, I probably wasn't either.
Speaker 2 (04:46):
Hang on, Actually, I'll get my producer to whispering may
once he's got it. When when did Blackadder first? The
third series? I think it was all the fourth series gosh,
that'll make us feel old anyway. Hey, hey, now, Brad,
you have been everywhere, haven't you.
Speaker 5 (05:01):
It's been a week. It's been an economous Christmas, Birthday
and everything else in between, because it's budget week and
that means that we've had a lot to cover, a
lot to unpack, a lot of information to try and
bring through, and I think we've done not a bad
job of it.
Speaker 2 (05:13):
What was the catering like we talked about this before.
No Lamington's apparently no Lamington. I mean have you seen
the price of dairy recently? I mean, butter prices are
high so to a cream. If you're trying to put
that sort of stuff together on the government budget, you
probably can't make it work. So but to be honest,
I don't actually know because as much as yes, I
spent all of my Thursday in lock up or around Parliament,
I didn't get to the catering. I had real work
(05:35):
to do I'd analysis to put together. So while others
did go to the catering station, I was trying to
diligently do my work. Rolls, no sourdough, oh no?
Speaker 4 (05:45):
And speaking of what Tim Beverage, but the social media
superstar himself hardly making sour doughs start a story series.
Speaker 5 (05:56):
It feels like we're back into lockdown, you know, having
to talk about people's like, you know, wow, the different
sort of things they're doing in this spare time.
Speaker 2 (06:03):
That's where I learned a few baking skills. I've got
back into it, and I just realized. I mean, I've
talked about this before. In fact, I think I've sent
people to my Instagram tim bev by the way and love.
Speaker 3 (06:12):
It hashtag and hashtag sposor.
Speaker 2 (06:15):
I don't know something about it. When you're in a
busy world and there's all sorts of things, it's just
a moment with sort of an artisan skill. It takes
a bit of time and something inherently is satisfied. I
sorry didn't bring any for you.
Speaker 4 (06:24):
I know, well you made not one, but two loves
because you called me last night and got me on
FaceTime to show me the loves that was live out
of the oven.
Speaker 2 (06:31):
The life that you weren't getting.
Speaker 5 (06:32):
Yeah, how rude.
Speaker 3 (06:32):
I told him to for us, Brad, But.
Speaker 2 (06:34):
Perhaps cruss On just let me know and advance cross anyway, Hey,
now talking a budget talk. Actually, just quickly, Brad, what's
it like in the lockup.
Speaker 5 (06:44):
It feels very intense because so I mean, like right
at the start. So lock up officially starts at ten
thirty in the morning, goes until two pm when the
Ministry of Finance announces the budget in the House. But
the doors to the lock up in the banquet Hall
at Parliament they open at ten am, so half an
hour beforehand. And I kid you not. At ten am
when they opened the doors there are people. People run in,
(07:06):
the journalists. Some of the journalists run in because people
want to get good spots so they can film the
right things, they can get seen by the Minister for
questions and all that sort of thing. It's intense, like
it's a bad day.
Speaker 2 (07:16):
Were you running?
Speaker 5 (07:17):
I'm not running, don't. I barely run to start with
in my normal life, and certainly even on budget date,
it's not that good. Actually, I know that analysts aren't
going to sort of get a particularly strong position. So
I just i'm meanderto the back of the room and
find myself.
Speaker 2 (07:28):
Ah, you're one of the cool kids.
Speaker 5 (07:30):
You just watch.
Speaker 2 (07:33):
In the back of the bar.
Speaker 5 (07:34):
I know exactly where I want to sit, but I'm
also not I know that if I try and sit
in a certain spot. The journalists will just kick me out,
And that's fine. I've got a much more important job
to do to bring the information out to the people
than I do immediately, so I'm happy to find my
right spot. This is always a sweet.
Speaker 3 (07:49):
Spot in a live panel, though, weren't you.
Speaker 5 (07:51):
I mean, I've got my budget pack here. I'll probably
live with this thing.
Speaker 2 (07:55):
I think we're we're talking about nothing else, just quickly.
How do they how do they ensure that no one
can reach the outside world with Wi Fi and all
these sorts of things and hot spotting.
Speaker 5 (08:04):
And there is a bit of trusted it, I mean
in a sense, but also you have to sign a
whole bunch of papers that say you're not going to
do it, and look, if you do breach it, and
we actually saw that a couple of years ago, they
will ban you from coming back for about five That happened,
I think twenty twenty Wall Street Journal broke the embargo
by accidentally they got their time zones wrong and posted
a bunch of stuff up onto their content site. Twenty
(08:24):
twenty five this year. That was the first time they
were allowed back in lockdown, So they are a bit
more hardcore. What I found out was at one point
I had someone at the Treasury come up to me
and say, oh, just wanting to check when you put
your social media post up. I said, what do you
mean I did that? Yes, oh that's fine. Then we're
just checking because you know you're not allowed to do
it from in here. I said, yeah, I understand the
lock up rules, but like they've got people that will
(08:45):
check people social media and their Twitter feed and that
to make sure they're not least it. So it's hard core.
It's a bit very black. Ops. That's what I like
to think.
Speaker 2 (08:55):
Anyway, Well, we're going to get into the budget a
little bit. We'll start with you, actually, Wilhelmina. So the
first thing, the eligibility limits for eighteen n nineteen year olds,
no benefit if your parents can pay. To be honest,
I mean, I'll be honest. Just overall on the budget,
there's this point which I sort of just lays over,
but I thought, well, that sounds fair enough. It doesn't
bother me too much, although it does treat you like
(09:16):
you're not grown up until you're twenty. What do you reckon?
Speaker 4 (09:18):
Yeah, I mean it does sound fair enough if you
know young people are just going to sit there and
play PlayStation. As Nikola was alleged that most of the
ones who don't have jobs do. But I think there's
obviously a lot of eighteen and nineteen year olds out
there who would probably really like to work, but there's
actually no jobs for them. And then I think there's
also the difficulty as well. When people's parents can actually
afford to pay for them, they pass they up. Sorry
(09:39):
they're above they're earning threshold. But then perhaps they don't
have a relationship with their parents, and that actually doesn't matter.
I remember that it's the same with study linking your
student allowance, right, So if your parents over a certain amount, right,
but you don't have relationship with them, you're not very
close with them, you know, it's kind of Yeah, I
think it's tricky.
Speaker 3 (09:57):
I think there are there are some in.
Speaker 2 (09:59):
Fact, very tricky if you're estranged from your parents.
Speaker 5 (10:02):
Yeah, definitely, But there will be carve outs and similar
government WO hasn't made its full decision on exactly where
the threshold sit in similar, but they've sort of announced
it in the budget. I think though this was part
of a wider signal that came through in budget twenty
five where government said, look, we will still provide support,
but where's government are not going to be your first portocal.
We're going to be there as your second, go to
other agencies, go to your family in similar first, rather
(10:23):
than relying on government for everything the first time. And
I sort of don't mind that because again, when it
came to university and similar, that first test always happens
with your parents as well. So I do feel like
it's a bit more across the board now that there
is just a little bit more means testing going on,
and look, you need to sort of look for that
family support first. That's how things operate in a lot
of other areas, and it seems like it's just a
(10:44):
bit of an extension here. I don't mind it.
Speaker 4 (10:46):
I think as long as it's insisted on a case
by case basis. Though, so when there are people who
are in difficult situations where they're trying to navigate familiar
relations and there's difficult it's traumatic enough for some people
to have to try and go through that or make
contact with their parents.
Speaker 3 (10:58):
I feel like as long as there is.
Speaker 4 (11:00):
That lexibility to be able to mold something to certain
individual situation.
Speaker 2 (11:05):
I think we're expecting a change to the key we
saver and I think that. I think it's good that
they've kept some sort of government contribution because that is
an incentive to encourage people to make their own contribution.
I mean, they've carved out people earning more than one
hundred and eighty thousand a year will not get that
maximum of two hundred and sixty one for the government. Well, frankly,
two hundred.
Speaker 5 (11:25):
And sixty on one hundred and eighty cave makes no difference.
Speaker 2 (11:28):
No, so that's not a big ege. But extending the
contribution over the course of three years from three to
three and a half then four percent, well we're still
well behind Australia. But what do you reckon, Bran.
Speaker 5 (11:42):
Look, I would have liked to have almost seen the
government go further in a few places, but to be
fear not a bad balanced position when they've come out.
I wouldn't have minded if they said, look, we're going
to go up a percentage point every year until we
get to ten, because that's where Australia's got to and
like that they are in a better economic position than
us for the long term. But also I guess I
look at the government sort of change around this, you know,
not giving the government contribution to anyone earning over for
(12:05):
one hundred and eighty and I go one hundred and
eighty still seems pretty high. Again, I think you do
you really need the two hundred and sixty bucks a
year from the government if you're getting say one hundred
k a year, like some of the numbers there seem
a little bit I put it this back, you could
have targeted more. I guess the.
Speaker 2 (12:21):
Biggest pretty high level said it isn't it.
Speaker 5 (12:24):
It's extremely high. But the difference as well, and I
think that the area that will start to come through
for more conversation is that the government has lifted that
contribution rate on both the employee and the employer, and
so there are now going to be some conversations over
the next couple of years. I think where people businesses go, look,
I've got to pay more for your kiwisaver. Therefore I'm
going to give you a lower than I would have
otherwise wage rise or sort of say, look, you know
(12:46):
you're not going to get as much take home pay.
So that's probably where that the nitty gritty comes through
a bit more. And the fact that there's not quite
as much, or there's no direct support. If you're a
sole earner, you're sort of you know, you're doing it
by yourself as a self employed person.
Speaker 3 (12:58):
Which is me.
Speaker 5 (12:59):
I fit that competator.
Speaker 4 (13:01):
Yes, correct, And it's the thing you've got no employee
contributions to actually.
Speaker 2 (13:04):
Naturally good do you put something into your QUSA.
Speaker 4 (13:07):
Look, I have to throw my hands up and say,
since I started my business, I actually stopped my contributions
because I was in this period of trying to find
my feet how much I could earn. I needed to
cover my bills, I needed to pay my mortgage, I
needed to do all of those things. And actually, when
you see, and I don't know if you're the same
as Metim, but when you actually see you put your
own voice out.
Speaker 3 (13:22):
And you can see all the deductions that are made
from it.
Speaker 4 (13:24):
It's not like your salary or your paye where it
just lands in your account and you don't actually see
what's taken out, and you can see how much of
it goes to tax and acc and for some people
student loan repayments, that type of thing. And it's actually
really painful to see that that entire balance sheet crunched
in front of you and to go, oh my god,
there's another one hundred and fifty dollars going towards my kiwisaver.
Speaker 3 (13:45):
So it's yeah, it's it's it is when you were here.
Speaker 2 (13:48):
Self employed me and I've just had my accounts done
and I'm like, oh my god, how much? And I
like to think I've set aside enough and I've got
a bit of a shock, which means I'll probably more
than I thought. But still it does make you kind
of a bit more. It's just a slightly stronger connection
with this is the tax that I give to the
government and they bend it on.
Speaker 4 (14:05):
Whateh, and it's all and it feels like it's almost
half of what I make. And for me, I mean,
I use Henry accounting software and so for every invoice
I can see that breakdown for every single thing that
I charge for. It's not like an end of the
year thing where ignorance is blissed and I'm like, oh,
you know whatever, Yeah, doing your own stuff, Oh thanks.
Speaker 3 (14:24):
You know, finance is not my jazz, but hey, here
I am.
Speaker 5 (14:27):
It's really nice to be a salaried work Then it
just still happens for me in the pacelip.
Speaker 2 (14:32):
Yeah, do you actually get a pay slip or is
it emailed? You don't get a Oh no, it's different.
Speaker 5 (14:37):
It's all online these days. To be fair, I don't
even know if it's a pay slip or if it's
just an app screen that I can get these days.
Speaker 2 (14:43):
That'll be it. Hey, look, but look there's a few
more things. Just before we go to the break though.
The Luxeon has said the superage should rise to sixty seven.
They will look to increase it, and it looked like
they'll probably go to the next election on that platform.
It's worth it's worth remembering that the retirement age has
gone up over decades. It's think this conversation. By listening
(15:06):
to the sort of social media style debates, it's like
this is outrageous. It's like we're living longer and governments
have put it up before. And I'll be honest, I'm
all for it.
Speaker 5 (15:17):
Brand people want to oh, absolutely, it should be raised
to sixty seven. We should probably have some sort of
means testing in place, because it seems bizarre that we
are giving all of this money regardless of how much
people might earn every single week. Let's be clear, we
are currently spending twenty three billion dollars in this year
on SUPER alone. You are getting close. Over the next
(15:38):
decade or so, one and five dollars that the government
spends will be purely on SUPER. That is getting to
the point where, you know, for everyone that says that
they have issues with New Zealand's level of beneficiaries or similar,
New Zealand Super is by far and away the largest
benefit we spend out on by a country mile. It's
got to change because at some point if we don't
(15:58):
change it, we're going to have to spend less on
other areas. That will be the trade off.
Speaker 4 (16:01):
Yeah, well, Amana one hundred percent. And I actually think
that a lot of people want to work for longer
as well. There are a lot of people who run
their own businesses who actually a sixty five. You know,
they're perfectly happy to keep going. I feel like it's
the thing a lot of people are owning a business
and running and working. It's what you not necessarily would
completely what you look for, but it is something that
ignites your passion. It's why you get up in the morning.
(16:22):
I agree with Brad, it needs to be means tested.
There are so many people who are retiring and they're
sitting on all these assets and rental income and all that.
I don't really feel like there's a need or a
necessity for them to receive that payment.
Speaker 2 (16:34):
To be honest, though, you'd have to be pretty rich.
You'd have to have quite a lot of money saved
up and invested to be getting a reasonable annuity for
them to take away what the retirement is as well,
I don't know what the level would be.
Speaker 5 (16:46):
I guess the challenge though, right is that at the
same time as the government saying, hey, everyone needs to
be saving all for their keysaal, I'm going why if
at the current rate nothing seems to be changing, I
should be expecting that you're just paying me super and
I shouldn't even my key.
Speaker 2 (16:58):
If everyone knows that Super is not enough to get
by on by country mile. It might pay for a
few groceries, but above.
Speaker 5 (17:03):
That, you know, what is it about?
Speaker 3 (17:04):
Is it about so week?
Speaker 2 (17:05):
You know I've hid in my head in the sand,
I don't know.
Speaker 3 (17:08):
Hasn't looked it up.
Speaker 5 (17:10):
I mean it depends as well on if you've sort
of got two people that come in. I think the
wider point is that we have stuck our head in
the sand more generally on super for a long time.
At some point someone's got to come out and say, look,
what is actually a reasonable way of going about this,
Because it is not. And this is the interesting point
New Zealand Super was never designed to be a full
coverage pay for your life for every single day after
(17:30):
you retire. It was a benefit, it was an add on,
it was an entitlement that came through. We've got to
start treating it like it because, honestly, fiscally, we're gonna
go I think back in the nineties we had something
like nearly six people, six workers supporting every retiree paying
into the tech system and paying for that super. Going
into the next sort of couple decades, we're going to
have something like two to three, so much smaller number
(17:52):
of people paying into the system and a lot more
people paying out.
Speaker 2 (17:55):
Thing is, can we have an election where someone can
still win an election promising to put the super age
up there seems to me so much with the top
hyperbole about stuff that we're not having honest conversations with ourselves.
Speaker 5 (18:09):
Well, even if you do, does anyone as Winston Peter
is going to come into your coalition.
Speaker 3 (18:13):
At that point, the King Baker will will not be
on your side.
Speaker 4 (18:16):
I should say that someone has to draw a line
in the sand, but it's actually a really scary line
to draw because that's such a huge voter base.
Speaker 2 (18:22):
National could go into coalition with the Greens and Party
Marrow probably I say that, misterieous. We're going to touch
on that when we come back. This is the panel.
I'm Tim Beverage, Wilhelmina Shrimpton and Brad Olsen. I'm my
guests today will be back in just the tickets coming
up to twenty five past three. Y's welcome back to
(18:56):
the Weekend Collective. This is the panel. My panelists today
are Wilhelmina, Shrimpton and Brad Olsen. Actually I did describe
Wilhelmina as a as a betrothed blogger. But if you
know blogger and influencer, but you do instagram some lovely
stuff about you know, just your life and preparations for
your betrothal.
Speaker 4 (19:11):
Tom's as good as your Salardo starter series, though, I
must say.
Speaker 2 (19:15):
Well, thank you.
Speaker 3 (19:15):
I need to up my content game.
Speaker 2 (19:17):
Yes, well, well well we'll talk about that later. Now,
just I was a bit mischievous talking about the National
being able to if they can't get the support from
Winston going to coalition with to Party Mara. But of
course that's not going to happen. But the debate on
the suspension to Party Mari, and one of the points
that Chris Bishop made was that well it's the most
important sort of confidence motion that the government sort of presents,
(19:40):
having a budget debate, and everyone should be able to
be there, including to Party Mara. But of course they
didn't bother turning up, did they. Brad. I was kind
of surprised they didn't bother even they went. They went
there last year, so true to form.
Speaker 5 (19:50):
I was going to say, I wasn't particularly surprised. It
was an interesting scene watching the Finance Minister, who traditionally
gives a copy of the budget to all of the
party leaders in Parliament, leaving some copies on the on
the empty desks there. I mean, I guess it also
sort of suggests, like, you know, is the suspension already
in effect or what I mean, like I know that
(20:12):
formally it's not, but realistically, I guess you do have
to ask the question of if you're not going to
have important MPs show up to Parliament for something like
budget week. Honestly, what are they there for? Like, that's
the whole point of it is that you show up,
you represent your people. You ensure that those different views
and there are clearly different views a communicate across and
at the moment that view is not being heard. All
(20:33):
it seems to be is TikTok action.
Speaker 4 (20:35):
Well, Amana, yeah, look, I tend to agree, and I
also think, you know, I was hearing a lot of
reaction obviously during the day when you know, every single
spokesperson from various groups are talking about what they won
or lost or didn't get or were able to get
in the budget, and I'm you know, I was hearing
stories about how lots of Malori represent representation and views
weren't actually reflected in the budget.
Speaker 3 (20:54):
So here's to party Malori not there.
Speaker 4 (20:56):
They probably should have been there in order to try
and actually make those views heard. But to be honest,
I think that this issue has just tragged on for
way too long and it's taken up way too much airtime,
and it's that you're distracting from a lot of really
important issues as well.
Speaker 3 (21:09):
Just the other day, I was.
Speaker 4 (21:09):
Talking to a woman who had just been diagnosed with
bowl cancer and she was trying to protest to basically
bring the screening age down a couple of years. And
she was saying, look, we're trying to organize a protest
on the steps of Parliament and you have to actually
booken those times.
Speaker 3 (21:23):
You can't just rock up.
Speaker 4 (21:24):
You actually have to make the parliamentary team and staff
areware that that's going to happen. We had locked in
a time, but actually there was a last minute protest
from tipaty Maori that had been organized and now we've
lost our time. And that really kind of hit home
that there are all these important issues that are really
really screaming out to be heard, that are not being
heard because this is dominating the headlines for far too long.
Speaker 2 (21:45):
Well here's an instance. I saw the news just a
few hours ago. I thought, actually financed mister minister Nicol Willis.
When she was walking apart, I thought, that's a very
nice blue suit. And of course you can't win at all,
can you, Because she's been criticized for not wearing a
New Zealand designer at the announcement and.
Speaker 5 (22:02):
That it is ridiculous you would not that of a
male Finance minister and say he's not wearing a suit
from a New Zealand design. I mean that is just rubbish.
Speaker 2 (22:12):
I mean it is, isn't it. I mean, seriously, is
that the sort of thing we should be worried about.
Speaker 4 (22:16):
Who cares what people are wearing and who they're wearing
on budget day? That's the least of everybody's worries, or
it should be the least every everybody's worries.
Speaker 3 (22:24):
It makes you think of that. I can't remember what
is it?
Speaker 4 (22:27):
Was it Karl Stefanovic's Yeah, you saw the same suit
every single day for a year on Australian breakfast television.
Not a single viewer noticed. But had the female presenter
worn the same drews two days in a.
Speaker 2 (22:38):
Row, you know, keep that changes tie.
Speaker 3 (22:41):
Oh, that's a good question.
Speaker 5 (22:44):
But I mean it's also one of those things. I mean,
you look at some of the challenges at the moment,
like we do need to move up some and get
some of the stuff going quicker. The fact that you
haven't got resolution for over half a year now on
this issue of voting in the House and it being
disrupted by a hacker, I don't know why you don't
have the various government and opposition parties that come to
(23:05):
and say, look, maybe twenty one days suspension was going
to be too big. The biggest that the House has
ever suspended to me in before before was three days.
There was Muldoon when he said something nasty outside about
the speaker. And you can't do that. This is interrupting
a vote that is fairly serious from a political.
Speaker 2 (23:19):
Parliamentary, not turning up and leaking the details and treating
every moment with contempt.
Speaker 5 (23:25):
But at the moment, I mean put it this way,
surely they could find compromise around sort of three to
five days, get it done, get it in out and
all dusted, and then hopefully there is some level of
re engagement because those voters who voted in those MPs
will at the moment aren't getting any representation.
Speaker 2 (23:39):
Got the rest of the party there. But yeah, I
know what they need to show up to be honest.
You know, I've said this before. I get tired of
hearing from the MP saying all the very powerful Privileges Committee,
the very powerful Privileges Committee. Well, for once they've showed
that they actually have got some grunt. And I've always
thought that a Day's suspension is pathetic. I mean, you know,
Julian Gentle goes over and accosts someone, and that she
(24:01):
should have had a week. Although she was contrite, she
apologized to immediately he was in the heat of the moment.
It wasn't planned, and people unprecedented. Well, guess what if
we didn't create precedents in life, we'd still be grinding out,
you know, grinding things under all under a stone and
hunting with spears.
Speaker 4 (24:19):
There's a reason to create presidents so it doesn't happen
in the shore. A reason to do it to act
as a deterrent, and if we don't do it, there's
no deterrent from it happening in the future, and.
Speaker 2 (24:26):
So we evolve as a species more broadly speaking, but
just quickly are the well not necessarily quickly. I see
old Trumpy. When I heard that there had been.
Speaker 5 (24:35):
Your new nickname for Old Trump.
Speaker 2 (24:39):
I'd probably have said it a few times.
Speaker 4 (24:40):
It makes them sound I feel like you've definitely said
it the last time I was on the Trump sounds
like old mate.
Speaker 1 (24:45):
You know.
Speaker 2 (24:48):
From my sinile friend who lives next door, but he's
not next door. The crack that he had at Ramafosa
when he was visiting from South Africa and he showed
talked about the evidence of mass killings. You might have
seen those stories. It turns out that some of the
images went even from South Africa. He was waiving images
and they're from Congo.
Speaker 5 (25:07):
This this is unfortunately not the first time though, I mean,
the president has also made you know, huge song and
dance about the likes of deporting various people for being
m S thirteen. And one of them he said, well, look,
you know, look at this this photo which shows that
this person's tattoos a S thirteen. It was a photoshop photo.
It was someone that had made it up. And so
you know, again we're sort of getting I mean, put
it this way. I know that there's been a lot
(25:29):
of talk about hashtag fake news, but this really is
hashtag fake news. It's not it's not true at all.
Speaker 2 (25:35):
You a fan of old Trumpy Olomona Trumpy.
Speaker 4 (25:37):
Look, I can't say I'm a fan, but I but look,
he's providing us with fighter to talk about every single day.
I remember when when when he obviously lost the presidency
after the first first term, and then there was no
kind of US news and the and our news bulletins
every day. However, no, I do think he seems to
(25:58):
be changing and you know, creating the narrative and bringing
up evidence or whatever he can think of to support
whatever you're saying.
Speaker 3 (26:05):
I don't think it matters where or not it's true
or not.
Speaker 4 (26:07):
He'd hear a rumor and then take that as gospel
if that was something that supported his argument.
Speaker 2 (26:12):
Here's the thing. I mean, we get used to the
sort of nonsense that comes out of there, and people
will still keep forgiving out. This is a president in
front of another world leader trying to slag him off
for saying talking about genocide and everything, and he's pulling
out I mean, it's a stage sort of takedown, and
he's pulling out images which aren't even true. I think
(26:34):
we have to remember that normal any other administration would
be incredibly embarrassed. But all they do is it's just
they just go quiet. And his supporters will probably text
me going, yeah, arrangement syndrome. But what a bunch of clowns.
They can't even get their imagery right.
Speaker 5 (26:50):
The thing that gets me right is like the differing
levels of political of sort of political consequences, like you know,
us president does this, there's no real ramifications. Everyone sort
of just moves on, you know, in New Zealand, we're
still trying to figure out, you know, the punishments. Months later, however,
a Japanese cabinet minister lost his role resigned over the
last week because he made a joke about not having
(27:13):
or not being quite as hit by the record high
rice prices in Japan. And for that one little off joke,
which was barely caught by anyone, he had to resign
his whole position. Like, the variety of punishments here is enormous.
Speaker 4 (27:25):
No, the way that you just said they can't even
get their images right, like it was an innocent mistake.
I'm pretty sure they didn't mistakenly use the wrong images.
Surely they're using whatever they think their marriage. No, I mean,
he just plucks random facts and figures and images and
evidence out of the sky to say that it will
support his argument, because it just supports what he wants
to get across the line.
Speaker 2 (27:45):
Well, speaking of see, he's just threatened a fifty percent
trade tariff on the EU now and it's getting to
the stage. I mean, had what was the threat with
China could have been one hundred.
Speaker 5 (27:54):
And forty five percent, also one hundred and forty five
for a bit.
Speaker 2 (27:58):
Yeah, so fifty percent possibly on EU. And one of
his points is talking about I don't know whatever his
points are, but one of the things is he doesn't
like the fact that some American companies have gotten in
trouble with the EU courts. So he's really overreaching with
some of this stuff. But have we seen any reaction
from markets with this thread of a fifty percent tariff
(28:18):
or are people going it's not going to happen.
Speaker 5 (28:20):
Yep, No, the market's dropped two point six percent, so
we are back into that sort of pretty hellish territory.
I mean, it's one of those things though. That's why
it's been really interesting in the last couple of weeks
on the trade front, because you've had, of course, the
first proper trade agreement with the UK that came through,
which was, to be fear looking at it, sort of
not the best deal for the UK in general. You've
seen the agreements with the likes of China that have
(28:42):
also started to come through. Everyone was feeling a bit
more upbeat, and then you've had this one of Trump
going well, you know, we might work it by fifty
and the entire markets have gone, oh gosh, that's right,
the tariffs might come back. We're still not seeing many
deals progressing quickly with the likes of Japan, Korea, any
of those sort of key important trading countries with the US.
I'm worried a little bit that we continue to sort
(29:02):
of get closer and closer to that ninety day pause
time frame and everyone thinks it's all good. It's not
all good. It's just on ice at the moment, and
it could come back very quickly and it could hammer
markets once again. Strap in for the wild ride.
Speaker 4 (29:14):
Not a thing on this well, I mean, I mean,
it's just a movable face, and I feel like the
only certainty is actually uncertainty. One day he's onto something,
the next day he's onto something else. Look, the ninety
days could lapse, and then they could he could ask
for another pause for ninety days while negotiations continue.
Speaker 3 (29:28):
You just don't know.
Speaker 4 (29:29):
And that's the scary thing is I think he's so
unpredictable and will just do and say whatever he wants,
and we'll change his mind on a whim, and you
can't actually sustain anything like that.
Speaker 2 (29:38):
I'd love to know when he's about to do that announcements,
because you do one of those, you do some short
selling or whatever you do on the sheer market. I mean,
wonder if there's any inside say that sounds illegal. You
got to wonder whether there is any of this going on.
There a lot of people who are privy to this
sort of information that it's You've got the Trump sons
(30:01):
going into Saudi Arabia and Katar and doing these deals
while he's there. I mean, if there's an argument for
personal enrichment.
Speaker 4 (30:07):
When there's some shares that Trump actually said that people
should buy, I feel like he did in Courage.
Speaker 5 (30:12):
There's been a few times even when he's just said, look,
it's a great time to buy in the market, which
which to be fair, afterwards he normally does do something
to jazz it up. But put it this way, I
wouldn't be writing my stock writing buying tips based on that.
But it's interesting. I mean, it goes to a wider
point that in the US they are in a weird
space where like their politicians do interact and interfere with
the markets a lot. More like the number of times
(30:33):
that you will see people that have tracked what Congress officials,
you know what what members of the House and that
in the US buy and then like you know, two
weeks later, the share price skyrockets up because they had
some insider knowledge that you know, the government was going
to give them some special inside run. Like it, it
makes you a little bit uneasy. I mean you look
at the New Zealand examples though, which was I think
Michael Wood who didn't sell as shares for you know,
(30:54):
umpteen dozen times. I mean, like again, wildly different. In
the US they do it all the time, and it's fine.
In New Zealand. No one actually bought stuff. It's just
they didn't sell it quickly enough and it became, you know,
downfall of a career.
Speaker 2 (31:05):
All right, we need to take a break. We'll be
back in to some And by the way, just responding
to people saying, are you saying white farmers are not
being killed? No, there have been some killings of South
African white farmers, but the murder rate in South Africa's
around twenty three thousand a year, and the vast majority
of the victims of murders are actually black. But yeah,
so it's one thing to say that some people have
been killed it's another to say there's a genocide. So yeah,
(31:29):
just a little bit of a perspective for you on that.
Nineteen minutes to four, Newstalk said, b Yes, and welcome
back to the Weekend Collective Upton Beverage my panelist Sir
Wilhelmina Shrimpton and Brad Olson. Now it's a sad headline
that Smith and Coe's a major department store and Auckland
is going to close its door after one hundred and
forty five years. What's your reaction to this, will? I mean,
(31:51):
because there's a sort of romantic nostalgic thought around, you know,
these old department stores, but they're competing with the moors,
the Westfield, the online trading. Do you think it's just
natural that that's the reason that we see it close down?
What do you reckon?
Speaker 4 (32:04):
I think it's incredibly I don't think that that's the
reason why it's closing down because it's competing with the
big malls. I think there's actually a massive problem with
what's going on on the CBD. I think that we're
not actually putting enough investment to revitalize that area. I mean,
I was looking at it the other day. I think
The actual total area of Auckland CBD I think is
just over four square kilometers and it contributes twenty percent
to Auckland's total GDP, so it's a massive contributor.
Speaker 3 (32:26):
But we're not putting enough in it.
Speaker 4 (32:27):
I feel like it's a center that needs so much
more love, and it's starting down the brita Art end.
You can see that starting to transform. But further up,
you know, when you get past the really sad looking
IMAX in the Saint James Theater, which I know is
getting restored, which is obviously great news. But when that
starts to flourish, hopefully there'll be more people in there.
But I think that there's still demand for bricks and
(32:47):
more to retail. I've just been working with a company
called Monsroale. They're kind of like an outdoor kind of
performance where brand. They just opened a store down in
brita Art and their whole thing is that we're competing
with online. We have to give people a reason to
go into store. It's not just about buying a jacket
or grabbing a T shirt. It's about giving them a
full immersive experience, you know, community events and they're doing
(33:07):
live ski reports to you know all of their locations
around the world, so it's about going above and beyond.
Speaker 2 (33:14):
I think well that ties in a little bit because
they did get some criticism from Murray Crane of Crane Brothers,
who Taylor's you know men's where providers and tailors and
they're you know, they're a top quality high street store,
and he made the comment that there's inadequately trained staff
and poor service has contributed to it. It says not
(33:34):
the cause, but he is touching on something where in
the malls these days, it's you know, and a lot
of the shopping experiences we have, it's a sort of
I'm sure you really have a relationship with a particular shop,
whereas you know, a business like Marry's, people go back
because they get the service that you know, they get
to know the people there. It's a consistency. Does he
have a point? Do you think that the shopping experience
(33:56):
that that should have been the corner that Smith and
Coe's should have been fighting and harder.
Speaker 5 (34:01):
I think that's how you differentiate your business in an
area like that, because you know, if you try to
do volume selling, if you're trying to act like a
more and similar then you know, that you're not trying
to sell on the service. You're trying to sell on
the volume and trying to sell on price and similar.
So when you do have some of those options where
they are a little bit higher quality, a little bit
more expensive, then you've got to justify that extra dollar
(34:23):
to people, because people at the moment are going, look,
I'm still feeling like I'm being hit from all ends
when it comes to cost of living increases and similar.
So if I'm going to part with my cash, it's
going to be a flipping good reason for me to
do it. We did see stats and Z data come
out on Friday that showed that retail spending has been
lifting in the first three months of this year. So
there's obviously a bit more money going around, but again
the competition for that, there's a lot of businesses out
(34:44):
there that have been doing it tough. They are going
to be putting there all in there. I think that
will manage, right. You know, if you don't put that
sort of level of effort in then it's I don't
think it kills your business, but it makes it a
whole lot harder to attract people in the front door.
Speaker 2 (34:57):
Actually, you are very well dressed today so toorally splendor wise.
Actually you were sort of do you get your suits made?
Speaker 5 (35:05):
No, you're an economist. I wait, I wait until there's
like a half priced sale at places that I buy from,
because I know I'm an efficient buy here. I try
and I try and scrimp and save as much as
I can. I mean not not in a stupidly frugal way.
I'm not one of those people from you know that
the TV shows who you know have bought one shoe
in the last five years and you know, like collect
(35:26):
styrofoam to make their metriss. But like, I'm not going
to overly go and spend money at the moment on
stuff like that. I like to save the money uppened
though having a suit.
Speaker 3 (35:36):
No, No, you can't. You can't because I remember for
a while.
Speaker 2 (35:42):
You can for you're an entertainer.
Speaker 4 (35:43):
No, it's only if it's uniform. So it's if it's
got your company logo on it, then you can charge back.
Speaker 3 (35:47):
I've been through that.
Speaker 2 (35:48):
You're a stage.
Speaker 3 (35:49):
I've been through this. Branding on this is neat I
or you need infometrics on the on the lapel.
Speaker 4 (35:55):
I think I love online shopping and like for me
It is about the convenience, but also if I can
go into store and try it on first, feel the
fabric out, what the fit is, that is my preference,
but it.
Speaker 3 (36:07):
Needs to be easy for me to do so.
Speaker 4 (36:09):
And I feel like Smith and Coy's has been not
so much cursed back in the day when Queen Street
was a hybrid activity and it was easy to get to.
It's really difficult to get to. It's dead up at
that end. It's right next door. Like I said to
the IMAX, the Saint James, it's that area of the
city that's waiting for this life to be breathed back
into it. But it's difficult to get to. It's admin
(36:30):
so I'd rather buy online.
Speaker 5 (36:32):
It's one of those things though, And we've seen the
Smith online, where again I think you're seeing a much
greater focus on hybrid shopping. You need an online presence,
but you also sometimes need the brick and mortar. If
I look at my parents' generation, you know they wouldn't
go out to a shop or even to a restaurant
and similar unless someone gave them a good recommendation, just
said hey, look, you know Smith and Siah down the
(36:53):
street had a good meal the other night. That was
good fun. Whereas now people my age, they won't go
to a restaurant, they won't go to a shop unless
they've been able to check it out online first and
sort of almost pre book a little bit. But you
still want to go and feel it. But if you
don't have their online prisons, you're a bit stuffed. Delaire.
Speaker 2 (37:09):
Actually, I did have a suit made recently at Crank
Crane by this by Marray Crane. But I know influencer,
like I can tell you I know exactly what he's
talking about, but I'll be honest. The services, absolutely, you know.
That's that's what gets people back in every time because
you go and you get a first class experience in
their service. You know that. And the guys I haven't
seen for years still greet you, you know, by name and.
Speaker 4 (37:31):
Friends with the shop assistance. It's actually really nice. You know,
you hear about their lives and they hear about yours,
and it's really nice. It's like going to your addresser,
right and you have a big conversation.
Speaker 5 (37:38):
But also it prompts you to spontaneously talk about it
to people that you know, Like that's that's part of
the marketing of that good.
Speaker 2 (37:44):
Should have my suit today if I've known you were
coming in on yours proud, and then we could do
a comparison between Off the Peg and Tailor Made Baby.
Speaker 3 (37:50):
Do you guys check them in you're speaking of you know,
we've got to go.
Speaker 2 (37:53):
To stop stop talking, stop talking.
Speaker 4 (37:57):
I'm ever coming on your panel again nine minutes to
purt new Stalks.
Speaker 2 (38:01):
They'd be.
Speaker 1 (38:05):
Sing us as.
Speaker 5 (38:07):
A piano man, sing us as tonight well.
Speaker 2 (38:13):
Around, Yes, And we're just playing a little bit of
Billy Job because the sad news that he's canceled his
upcoming concerts up being diagnosed with a condition that causes
a build up of fluid in his brain. So I
love a bit of Billy Joel. So well, I'm sure
we're sending all our best wishes.
Speaker 4 (38:27):
Hey.
Speaker 2 (38:27):
By the way, some good news actually, I thank you
for joining us. And when I say thank you for
joining us, if you're listening, I do appreciate it, because
the good news that we had this week for the
show is that we are now number one in Auckland
and nationwide in our time slot. And that's because you'll
tune in, and I really appreciate it. So a little
bit of good news therese we have such stellar panelists
(38:49):
like brad Olsen, Wilhelm and Shrimpton, and another bit of
good news to finish with guys with a couple of
minutes to go. I just think that the story of
Auckland FC, I almost can't get my head around. What
an incredible story of optimism and success and joy and
everything that's brought to the New Zealand soccer sporting fans
and Auckland to have begun from nowhere. They spend a
(39:10):
bit of money on some good players and man they
have delivered them and they Brad, you've been you're Aukland
f C man.
Speaker 5 (39:15):
Well, I haven't been to I mean on Wellington base,
so I haven't managed to actually get to any of
the games, but I have been following along. It has
been exciting, I think. More importantly, it's been cool to
see sort of I mean, life seems a bit downbeat,
you know, especially you know, the economy is challenging a
lot of stuffs a bit, but it's quite exciting to
see people you know on the weekend get a bit
jazzed up about you know, their team, and there is
(39:35):
a lot of ownership for the team. People are a
lot more excited in you know, football soccer, however you
want to call it. It's good, fun, good.
Speaker 4 (39:43):
It's nice that it's not just about the excitement around
the sport and what's happening on the field. It's also
around what's happening off the field. And I feel like
they've really nailed the whole fan engagement. People are really
behind them. You know, there's earlier games during the day
so that kids can go along. It's really family friendly
and I feel like that's something that they've done really
really well. They've nailed that model and that's something they
think Rugby could really benefit from.
Speaker 2 (40:01):
Because you're in a enthusiastict Rugby fan. I see you
screaming on the s sideline there, but of course you're
screaming for the for the the guy who's wearing the
you know, the the Well, well, what are.
Speaker 5 (40:12):
You cheering for them?
Speaker 4 (40:14):
If I know, I know, if anyone, if anyone bows him,
I'm just like evil lying people in the crowds.
Speaker 3 (40:19):
But no, I'm big Buck fan club.
Speaker 2 (40:22):
Hey guys, so good to have you and really appreciate
your coming into the studio. Wilhelmina Shrimpton, brad Olson enjoy
the rest of your weekend. Guys, this has been good, fun, great,
it has been it has been well.
Speaker 3 (40:32):
We congratulations again, Thank you again.
Speaker 2 (40:34):
Hey, we'll be back with the wonder If Radio McKnight.
We're going to talk about the Golden Visa, shall be
allowed foreign buyers back into the market.
Speaker 4 (40:40):
That and more.
Speaker 2 (40:41):
We want your calls one dighty ten eighty. It's coming
up to three minutes to four.
Speaker 1 (40:46):
For more from the Weekend Collective, listen live to news
Talks it'd be weekends from three pm, or follow the
podcast on iHeartRadio.
You're listening to the Weekend Collective podcast from News Talks.
A B. Cold oh eight hundred eighty ten eighty US
Talk said, B.
Speaker 2 (00:31):
I am unwritten, can be my mind, I'm under fine.
Speaker 3 (00:41):
I'm just speaking. Depends on my head, ending on plane.
Speaker 4 (00:49):
Staring at the blank page before you open up the
dirty window of the sun alone and may the worst
that you cannot find reaching for something over testance. Of
course you can almost say thee.
Speaker 2 (01:08):
Rain on yours.
Speaker 5 (01:11):
Left file.
Speaker 2 (01:15):
No on yours and welcome to the show. This is
the Weekend Collective for Saturday, the twenty fifth of May.
Looking forward to your company. I'll tell you what. We're
already moving around in the studio because as you know,
I let my one of my panelists or my guests
choose the opening number for each hour for I remember
to to and so yeah, there we go. They're all
(01:36):
having a great time so far. And I'll be introducing
our panel very very shortly, so you can quiver an
anticipation anyway, right we and we're looking forward to a
little further when we will be taking your calls up
to four o'clock for the one roof radio show. We
were joined by Ed mcnighty's resident economists at OPA's Partners
and the question around should we be allowing foreign bars
into the market. There's been a bit of winging from
(01:58):
the sort of upper echelons of the real estate market
about look, come on, when it gets to fifteen million,
why can't we let why can't we let foreign buyers
into the market? What should the limit be? We're going
to dig into that with Ed and after five for
the parents squad, we have a new guest. She's a
counselor at Bernardo's and psychologist Dashana pomp. I've got to
(02:18):
get this plum. I will check that pronunciation with my
great big apologies, but we're gonna have a chat about
dealing with your children's mental health dilemmas and actually when
should you give them help? And if you do get
them help, should you actually be entitled to know the
content of those counseling sessions. Before six, of course we'll
be rapping sport with chatting with Elliott Smith Auckland FC
(02:39):
Big Game. You would have heard the show with Jason
Piney's down at the pub. Be funny if he was
commentating as well. He probably is, of course, hopefully he's
just been having the orange. But anyway, Auckland f C
Melbourne victory the second game semi final where we're one
nil up. Of course it's a gold differential situation. And
we'll also preview the Chiefs versus Mwana pacifica that all
that lots of it, isn't there? Welcome to the Weekend Collective.
(03:01):
It is nine minutes past three.
Speaker 1 (03:04):
Debating all the issues and more. It's the panel on
the Weekend Collective on News Talk sed B.
Speaker 2 (03:12):
Yes, and time to introduce our panelists. Look, let's go
with the person who chose the chose that song. I
think it was Nastasha Beddingfield. She's not on the panel,
but it is in fact, and I've got to make
sure I get both l's into her name. It is
vill Helmina Shrimpton journalist and betrothed blogger. I think is
that a fair way of describing.
Speaker 3 (03:32):
Road the blogger. That's the first time blogger.
Speaker 2 (03:35):
But what you do you do blog a bit? Well,
you do instagram a little bit about it?
Speaker 4 (03:39):
You know whose Instagram? I'd quite like to talk about
it just really briefly, is yours.
Speaker 2 (03:43):
With your Okay, we'll get onto that in a minute.
Speaker 4 (03:46):
A good song choice by the way, right loved Bill
than I was expecting.
Speaker 3 (03:50):
Ben will be listening at home and he loves that song.
Speaker 2 (03:52):
So Ben, lovely to have you on board, Ben and
joining Joining Wilhelmina is Wilhelmina. He's actually a bit of
a media hussy this week because he's been, He's been,
Where hasn't he been? It's like, where have you been?
Where haven't I been?
Speaker 5 (04:11):
Wolf?
Speaker 2 (04:11):
It is? That's quite from Blackadder, by the way, and
that's not my own material. He's as he needs no introduction,
it's brad Olsen.
Speaker 5 (04:20):
What an introduction you gave me, though, I'm so pleased
to have that on the record. And going out over
the year waves did.
Speaker 3 (04:27):
You add the wolf in or was that already part
of the It's wreck.
Speaker 2 (04:30):
Myole as captain flash art, they say flash where have
you been? And he goes, where haven't I been?
Speaker 5 (04:34):
Wo? Is this another show where I was I alive
when this first came out?
Speaker 3 (04:39):
Or actually, to be honest, I probably wasn't either.
Speaker 2 (04:46):
Hang on, Actually, I'll get my producer to whispering may
once he's got it. When when did Blackadder first? The
third series? I think it was all the fourth series gosh,
that'll make us feel old anyway. Hey, hey, now, Brad,
you have been everywhere, haven't you.
Speaker 5 (05:01):
It's been a week. It's been an economous Christmas, Birthday
and everything else in between, because it's budget week and
that means that we've had a lot to cover, a
lot to unpack, a lot of information to try and
bring through, and I think we've done not a bad
job of it.
Speaker 2 (05:13):
What was the catering like we talked about this before.
No Lamington's apparently no Lamington. I mean have you seen
the price of dairy recently? I mean, butter prices are
high so to a cream. If you're trying to put
that sort of stuff together on the government budget, you
probably can't make it work. So but to be honest,
I don't actually know because as much as yes, I
spent all of my Thursday in lock up or around Parliament,
I didn't get to the catering. I had real work
(05:35):
to do I'd analysis to put together. So while others
did go to the catering station, I was trying to
diligently do my work. Rolls, no sourdough, oh no?
Speaker 4 (05:45):
And speaking of what Tim Beverage, but the social media
superstar himself hardly making sour doughs start a story series.
Speaker 5 (05:56):
It feels like we're back into lockdown, you know, having
to talk about people's like, you know, wow, the different
sort of things they're doing in this spare time.
Speaker 2 (06:03):
That's where I learned a few baking skills. I've got
back into it, and I just realized. I mean, I've
talked about this before. In fact, I think I've sent
people to my Instagram tim bev by the way and love.
Speaker 3 (06:12):
It hashtag and hashtag sposor.
Speaker 2 (06:15):
I don't know something about it. When you're in a
busy world and there's all sorts of things, it's just
a moment with sort of an artisan skill. It takes
a bit of time and something inherently is satisfied. I
sorry didn't bring any for you.
Speaker 4 (06:24):
I know, well you made not one, but two loves
because you called me last night and got me on
FaceTime to show me the loves that was live out
of the oven.
Speaker 2 (06:31):
The life that you weren't getting.
Speaker 5 (06:32):
Yeah, how rude.
Speaker 3 (06:32):
I told him to for us, Brad, But.
Speaker 2 (06:34):
Perhaps cruss On just let me know and advance cross anyway, Hey,
now talking a budget talk. Actually, just quickly, Brad, what's
it like in the lockup.
Speaker 5 (06:44):
It feels very intense because so I mean, like right
at the start. So lock up officially starts at ten
thirty in the morning, goes until two pm when the
Ministry of Finance announces the budget in the House. But
the doors to the lock up in the banquet Hall
at Parliament they open at ten am, so half an
hour beforehand. And I kid you not. At ten am
when they opened the doors there are people. People run in,
(07:06):
the journalists. Some of the journalists run in because people
want to get good spots so they can film the
right things, they can get seen by the Minister for
questions and all that sort of thing. It's intense, like
it's a bad day.
Speaker 2 (07:16):
Were you running?
Speaker 5 (07:17):
I'm not running, don't. I barely run to start with
in my normal life, and certainly even on budget date,
it's not that good. Actually, I know that analysts aren't
going to sort of get a particularly strong position. So
I just i'm meanderto the back of the room and
find myself.
Speaker 2 (07:28):
Ah, you're one of the cool kids.
Speaker 5 (07:30):
You just watch.
Speaker 2 (07:33):
In the back of the bar.
Speaker 5 (07:34):
I know exactly where I want to sit, but I'm
also not I know that if I try and sit
in a certain spot. The journalists will just kick me out,
And that's fine. I've got a much more important job
to do to bring the information out to the people
than I do immediately, so I'm happy to find my
right spot. This is always a sweet.
Speaker 3 (07:49):
Spot in a live panel, though, weren't you.
Speaker 5 (07:51):
I mean, I've got my budget pack here. I'll probably
live with this thing.
Speaker 2 (07:55):
I think we're we're talking about nothing else, just quickly.
How do they how do they ensure that no one
can reach the outside world with Wi Fi and all
these sorts of things and hot spotting.
Speaker 5 (08:04):
And there is a bit of trusted it, I mean
in a sense, but also you have to sign a
whole bunch of papers that say you're not going to
do it, and look, if you do breach it, and
we actually saw that a couple of years ago, they
will ban you from coming back for about five That happened,
I think twenty twenty Wall Street Journal broke the embargo
by accidentally they got their time zones wrong and posted
a bunch of stuff up onto their content site. Twenty
(08:24):
twenty five this year. That was the first time they
were allowed back in lockdown, So they are a bit
more hardcore. What I found out was at one point
I had someone at the Treasury come up to me
and say, oh, just wanting to check when you put
your social media post up. I said, what do you
mean I did that? Yes, oh that's fine. Then we're
just checking because you know you're not allowed to do
it from in here. I said, yeah, I understand the
lock up rules, but like they've got people that will
(08:45):
check people social media and their Twitter feed and that
to make sure they're not least it. So it's hard core.
It's a bit very black. Ops. That's what I like
to think.
Speaker 2 (08:55):
Anyway, Well, we're going to get into the budget a
little bit. We'll start with you, actually, Wilhelmina. So the
first thing, the eligibility limits for eighteen n nineteen year olds,
no benefit if your parents can pay. To be honest,
I mean, I'll be honest. Just overall on the budget,
there's this point which I sort of just lays over,
but I thought, well, that sounds fair enough. It doesn't
bother me too much, although it does treat you like
(09:16):
you're not grown up until you're twenty. What do you reckon?
Speaker 4 (09:18):
Yeah, I mean it does sound fair enough if you
know young people are just going to sit there and
play PlayStation. As Nikola was alleged that most of the
ones who don't have jobs do. But I think there's
obviously a lot of eighteen and nineteen year olds out
there who would probably really like to work, but there's
actually no jobs for them. And then I think there's
also the difficulty as well. When people's parents can actually
afford to pay for them, they pass they up. Sorry
(09:39):
they're above they're earning threshold. But then perhaps they don't
have a relationship with their parents, and that actually doesn't matter.
I remember that it's the same with study linking your
student allowance, right, So if your parents over a certain amount, right,
but you don't have relationship with them, you're not very
close with them, you know, it's kind of Yeah, I
think it's tricky.
Speaker 3 (09:57):
I think there are there are some in.
Speaker 2 (09:59):
Fact, very tricky if you're estranged from your parents.
Speaker 5 (10:02):
Yeah, definitely, But there will be carve outs and similar
government WO hasn't made its full decision on exactly where
the threshold sit in similar, but they've sort of announced
it in the budget. I think though this was part
of a wider signal that came through in budget twenty
five where government said, look, we will still provide support,
but where's government are not going to be your first portocal.
We're going to be there as your second, go to
other agencies, go to your family in similar first, rather
(10:23):
than relying on government for everything the first time. And
I sort of don't mind that because again, when it
came to university and similar, that first test always happens
with your parents as well. So I do feel like
it's a bit more across the board now that there
is just a little bit more means testing going on,
and look, you need to sort of look for that
family support first. That's how things operate in a lot
of other areas, and it seems like it's just a
(10:44):
bit of an extension here. I don't mind it.
Speaker 4 (10:46):
I think as long as it's insisted on a case
by case basis. Though, so when there are people who
are in difficult situations where they're trying to navigate familiar
relations and there's difficult it's traumatic enough for some people
to have to try and go through that or make
contact with their parents.
Speaker 3 (10:58):
I feel like as long as there is.
Speaker 4 (11:00):
That lexibility to be able to mold something to certain
individual situation.
Speaker 2 (11:05):
I think we're expecting a change to the key we
saver and I think that. I think it's good that
they've kept some sort of government contribution because that is
an incentive to encourage people to make their own contribution.
I mean, they've carved out people earning more than one
hundred and eighty thousand a year will not get that
maximum of two hundred and sixty one for the government. Well, frankly,
two hundred.
Speaker 5 (11:25):
And sixty on one hundred and eighty cave makes no difference.
Speaker 2 (11:28):
No, so that's not a big ege. But extending the
contribution over the course of three years from three to
three and a half then four percent, well we're still
well behind Australia. But what do you reckon, Bran.
Speaker 5 (11:42):
Look, I would have liked to have almost seen the
government go further in a few places, but to be
fear not a bad balanced position when they've come out.
I wouldn't have minded if they said, look, we're going
to go up a percentage point every year until we
get to ten, because that's where Australia's got to and
like that they are in a better economic position than
us for the long term. But also I guess I
look at the government sort of change around this, you know,
not giving the government contribution to anyone earning over for
(12:05):
one hundred and eighty and I go one hundred and
eighty still seems pretty high. Again, I think you do
you really need the two hundred and sixty bucks a
year from the government if you're getting say one hundred
k a year, like some of the numbers there seem
a little bit I put it this back, you could
have targeted more. I guess the.
Speaker 2 (12:21):
Biggest pretty high level said it isn't it.
Speaker 5 (12:24):
It's extremely high. But the difference as well, and I
think that the area that will start to come through
for more conversation is that the government has lifted that
contribution rate on both the employee and the employer, and
so there are now going to be some conversations over
the next couple of years. I think where people businesses go, look,
I've got to pay more for your kiwisaver. Therefore I'm
going to give you a lower than I would have
otherwise wage rise or sort of say, look, you know
(12:46):
you're not going to get as much take home pay.
So that's probably where that the nitty gritty comes through
a bit more. And the fact that there's not quite
as much, or there's no direct support. If you're a
sole earner, you're sort of you know, you're doing it
by yourself as a self employed person.
Speaker 3 (12:58):
Which is me.
Speaker 5 (12:59):
I fit that competator.
Speaker 4 (13:01):
Yes, correct, And it's the thing you've got no employee
contributions to actually.
Speaker 2 (13:04):
Naturally good do you put something into your QUSA.
Speaker 4 (13:07):
Look, I have to throw my hands up and say,
since I started my business, I actually stopped my contributions
because I was in this period of trying to find
my feet how much I could earn. I needed to
cover my bills, I needed to pay my mortgage, I
needed to do all of those things. And actually, when
you see, and I don't know if you're the same
as Metim, but when you actually see you put your
own voice out.
Speaker 3 (13:22):
And you can see all the deductions that are made
from it.
Speaker 4 (13:24):
It's not like your salary or your paye where it
just lands in your account and you don't actually see
what's taken out, and you can see how much of
it goes to tax and acc and for some people
student loan repayments, that type of thing. And it's actually
really painful to see that that entire balance sheet crunched
in front of you and to go, oh my god,
there's another one hundred and fifty dollars going towards my kiwisaver.
Speaker 3 (13:45):
So it's yeah, it's it's it is when you were here.
Speaker 2 (13:48):
Self employed me and I've just had my accounts done
and I'm like, oh my god, how much? And I
like to think I've set aside enough and I've got
a bit of a shock, which means I'll probably more
than I thought. But still it does make you kind
of a bit more. It's just a slightly stronger connection
with this is the tax that I give to the
government and they bend it on.
Speaker 4 (14:05):
Whateh, and it's all and it feels like it's almost
half of what I make. And for me, I mean,
I use Henry accounting software and so for every invoice
I can see that breakdown for every single thing that
I charge for. It's not like an end of the
year thing where ignorance is blissed and I'm like, oh,
you know whatever, Yeah, doing your own stuff, Oh thanks.
Speaker 3 (14:24):
You know, finance is not my jazz, but hey, here
I am.
Speaker 5 (14:27):
It's really nice to be a salaried work Then it
just still happens for me in the pacelip.
Speaker 2 (14:32):
Yeah, do you actually get a pay slip or is
it emailed? You don't get a Oh no, it's different.
Speaker 5 (14:37):
It's all online these days. To be fair, I don't
even know if it's a pay slip or if it's
just an app screen that I can get these days.
Speaker 2 (14:43):
That'll be it. Hey, look, but look there's a few
more things. Just before we go to the break though.
The Luxeon has said the superage should rise to sixty seven.
They will look to increase it, and it looked like
they'll probably go to the next election on that platform.
It's worth it's worth remembering that the retirement age has
gone up over decades. It's think this conversation. By listening
(15:06):
to the sort of social media style debates, it's like
this is outrageous. It's like we're living longer and governments
have put it up before. And I'll be honest, I'm
all for it.
Speaker 5 (15:17):
Brand people want to oh, absolutely, it should be raised
to sixty seven. We should probably have some sort of
means testing in place, because it seems bizarre that we
are giving all of this money regardless of how much
people might earn every single week. Let's be clear, we
are currently spending twenty three billion dollars in this year
on SUPER alone. You are getting close. Over the next
(15:38):
decade or so, one and five dollars that the government
spends will be purely on SUPER. That is getting to
the point where, you know, for everyone that says that
they have issues with New Zealand's level of beneficiaries or similar,
New Zealand Super is by far and away the largest
benefit we spend out on by a country mile. It's
got to change because at some point if we don't
(15:58):
change it, we're going to have to spend less on
other areas. That will be the trade off.
Speaker 4 (16:01):
Yeah, well, Amana one hundred percent. And I actually think
that a lot of people want to work for longer
as well. There are a lot of people who run
their own businesses who actually a sixty five. You know,
they're perfectly happy to keep going. I feel like it's
the thing a lot of people are owning a business
and running and working. It's what you not necessarily would
completely what you look for, but it is something that
ignites your passion. It's why you get up in the morning.
(16:22):
I agree with Brad, it needs to be means tested.
There are so many people who are retiring and they're
sitting on all these assets and rental income and all that.
I don't really feel like there's a need or a
necessity for them to receive that payment.
Speaker 2 (16:34):
To be honest, though, you'd have to be pretty rich.
You'd have to have quite a lot of money saved
up and invested to be getting a reasonable annuity for
them to take away what the retirement is as well,
I don't know what the level would be.
Speaker 5 (16:46):
I guess the challenge though, right is that at the
same time as the government saying, hey, everyone needs to
be saving all for their keysaal, I'm going why if
at the current rate nothing seems to be changing, I
should be expecting that you're just paying me super and
I shouldn't even my key.
Speaker 2 (16:58):
If everyone knows that Super is not enough to get
by on by country mile. It might pay for a
few groceries, but above.
Speaker 5 (17:03):
That, you know, what is it about?
Speaker 3 (17:04):
Is it about so week?
Speaker 2 (17:05):
You know I've hid in my head in the sand,
I don't know.
Speaker 3 (17:08):
Hasn't looked it up.
Speaker 5 (17:10):
I mean it depends as well on if you've sort
of got two people that come in. I think the
wider point is that we have stuck our head in
the sand more generally on super for a long time.
At some point someone's got to come out and say, look,
what is actually a reasonable way of going about this,
Because it is not. And this is the interesting point
New Zealand Super was never designed to be a full
coverage pay for your life for every single day after
(17:30):
you retire. It was a benefit, it was an add on,
it was an entitlement that came through. We've got to
start treating it like it because, honestly, fiscally, we're gonna
go I think back in the nineties we had something
like nearly six people, six workers supporting every retiree paying
into the tech system and paying for that super. Going
into the next sort of couple decades, we're going to
have something like two to three, so much smaller number
(17:52):
of people paying into the system and a lot more
people paying out.
Speaker 2 (17:55):
Thing is, can we have an election where someone can
still win an election promising to put the super age
up there seems to me so much with the top
hyperbole about stuff that we're not having honest conversations with ourselves.
Speaker 5 (18:09):
Well, even if you do, does anyone as Winston Peter
is going to come into your coalition.
Speaker 3 (18:13):
At that point, the King Baker will will not be
on your side.
Speaker 4 (18:16):
I should say that someone has to draw a line
in the sand, but it's actually a really scary line
to draw because that's such a huge voter base.
Speaker 2 (18:22):
National could go into coalition with the Greens and Party
Marrow probably I say that, misterieous. We're going to touch
on that when we come back. This is the panel.
I'm Tim Beverage, Wilhelmina Shrimpton and Brad Olsen. I'm my
guests today will be back in just the tickets coming
up to twenty five past three. Y's welcome back to
(18:56):
the Weekend Collective. This is the panel. My panelists today
are Wilhelmina, Shrimpton and Brad Olsen. Actually I did describe
Wilhelmina as a as a betrothed blogger. But if you
know blogger and influencer, but you do instagram some lovely
stuff about you know, just your life and preparations for
your betrothal.
Speaker 4 (19:11):
Tom's as good as your Salardo starter series, though, I
must say.
Speaker 2 (19:15):
Well, thank you.
Speaker 3 (19:15):
I need to up my content game.
Speaker 2 (19:17):
Yes, well, well well we'll talk about that later. Now,
just I was a bit mischievous talking about the National
being able to if they can't get the support from
Winston going to coalition with to Party Mara. But of
course that's not going to happen. But the debate on
the suspension to Party Mari, and one of the points
that Chris Bishop made was that well it's the most
important sort of confidence motion that the government sort of presents,
(19:40):
having a budget debate, and everyone should be able to
be there, including to Party Mara. But of course they
didn't bother turning up, did they. Brad. I was kind
of surprised they didn't bother even they went. They went
there last year, so true to form.
Speaker 5 (19:50):
I was going to say, I wasn't particularly surprised. It
was an interesting scene watching the Finance Minister, who traditionally
gives a copy of the budget to all of the
party leaders in Parliament, leaving some copies on the on
the empty desks there. I mean, I guess it also
sort of suggests, like, you know, is the suspension already
in effect or what I mean, like I know that
(20:12):
formally it's not, but realistically, I guess you do have
to ask the question of if you're not going to
have important MPs show up to Parliament for something like
budget week. Honestly, what are they there for? Like, that's
the whole point of it is that you show up,
you represent your people. You ensure that those different views
and there are clearly different views a communicate across and
at the moment that view is not being heard. All
(20:33):
it seems to be is TikTok action.
Speaker 4 (20:35):
Well, Amana, yeah, look, I tend to agree, and I
also think, you know, I was hearing a lot of
reaction obviously during the day when you know, every single
spokesperson from various groups are talking about what they won
or lost or didn't get or were able to get
in the budget, and I'm you know, I was hearing
stories about how lots of Malori represent representation and views
weren't actually reflected in the budget.
Speaker 3 (20:54):
So here's to party Malori not there.
Speaker 4 (20:56):
They probably should have been there in order to try
and actually make those views heard. But to be honest,
I think that this issue has just tragged on for
way too long and it's taken up way too much airtime,
and it's that you're distracting from a lot of really
important issues as well.
Speaker 3 (21:09):
Just the other day, I was.
Speaker 4 (21:09):
Talking to a woman who had just been diagnosed with
bowl cancer and she was trying to protest to basically
bring the screening age down a couple of years. And
she was saying, look, we're trying to organize a protest
on the steps of Parliament and you have to actually
booken those times.
Speaker 3 (21:23):
You can't just rock up.
Speaker 4 (21:24):
You actually have to make the parliamentary team and staff
areware that that's going to happen. We had locked in
a time, but actually there was a last minute protest
from tipaty Maori that had been organized and now we've
lost our time. And that really kind of hit home
that there are all these important issues that are really
really screaming out to be heard, that are not being
heard because this is dominating the headlines for far too long.
Speaker 2 (21:45):
Well here's an instance. I saw the news just a
few hours ago. I thought, actually financed mister minister Nicol Willis.
When she was walking apart, I thought, that's a very
nice blue suit. And of course you can't win at all,
can you, Because she's been criticized for not wearing a
New Zealand designer at the announcement and.
Speaker 5 (22:02):
That it is ridiculous you would not that of a
male Finance minister and say he's not wearing a suit
from a New Zealand design. I mean that is just rubbish.
Speaker 2 (22:12):
I mean it is, isn't it. I mean, seriously, is
that the sort of thing we should be worried about.
Speaker 4 (22:16):
Who cares what people are wearing and who they're wearing
on budget day? That's the least of everybody's worries, or
it should be the least every everybody's worries.
Speaker 3 (22:24):
It makes you think of that. I can't remember what
is it?
Speaker 4 (22:27):
Was it Karl Stefanovic's Yeah, you saw the same suit
every single day for a year on Australian breakfast television.
Not a single viewer noticed. But had the female presenter
worn the same drews two days in a.
Speaker 2 (22:38):
Row, you know, keep that changes tie.
Speaker 3 (22:41):
Oh, that's a good question.
Speaker 5 (22:44):
But I mean it's also one of those things. I mean,
you look at some of the challenges at the moment,
like we do need to move up some and get
some of the stuff going quicker. The fact that you
haven't got resolution for over half a year now on
this issue of voting in the House and it being
disrupted by a hacker, I don't know why you don't
have the various government and opposition parties that come to
(23:05):
and say, look, maybe twenty one days suspension was going
to be too big. The biggest that the House has
ever suspended to me in before before was three days.
There was Muldoon when he said something nasty outside about
the speaker. And you can't do that. This is interrupting
a vote that is fairly serious from a political.
Speaker 2 (23:19):
Parliamentary, not turning up and leaking the details and treating
every moment with contempt.
Speaker 5 (23:25):
But at the moment, I mean put it this way,
surely they could find compromise around sort of three to
five days, get it done, get it in out and
all dusted, and then hopefully there is some level of
re engagement because those voters who voted in those MPs
will at the moment aren't getting any representation.
Speaker 2 (23:39):
Got the rest of the party there. But yeah, I
know what they need to show up to be honest.
You know, I've said this before. I get tired of
hearing from the MP saying all the very powerful Privileges Committee,
the very powerful Privileges Committee. Well, for once they've showed
that they actually have got some grunt. And I've always
thought that a Day's suspension is pathetic. I mean, you know,
Julian Gentle goes over and accosts someone, and that she
(24:01):
should have had a week. Although she was contrite, she
apologized to immediately he was in the heat of the moment.
It wasn't planned, and people unprecedented. Well, guess what if
we didn't create precedents in life, we'd still be grinding out,
you know, grinding things under all under a stone and
hunting with spears.
Speaker 4 (24:19):
There's a reason to create presidents so it doesn't happen
in the shore. A reason to do it to act
as a deterrent, and if we don't do it, there's
no deterrent from it happening in the future, and.
Speaker 2 (24:26):
So we evolve as a species more broadly speaking, but
just quickly are the well not necessarily quickly. I see
old Trumpy. When I heard that there had been.
Speaker 5 (24:35):
Your new nickname for Old Trump.
Speaker 2 (24:39):
I'd probably have said it a few times.
Speaker 4 (24:40):
It makes them sound I feel like you've definitely said
it the last time I was on the Trump sounds
like old mate.
Speaker 1 (24:45):
You know.
Speaker 2 (24:48):
From my sinile friend who lives next door, but he's
not next door. The crack that he had at Ramafosa
when he was visiting from South Africa and he showed
talked about the evidence of mass killings. You might have
seen those stories. It turns out that some of the
images went even from South Africa. He was waiving images
and they're from Congo.
Speaker 5 (25:07):
This this is unfortunately not the first time though, I mean,
the president has also made you know, huge song and
dance about the likes of deporting various people for being
m S thirteen. And one of them he said, well, look,
you know, look at this this photo which shows that
this person's tattoos a S thirteen. It was a photoshop photo.
It was someone that had made it up. And so
you know, again we're sort of getting I mean, put
it this way. I know that there's been a lot
(25:29):
of talk about hashtag fake news, but this really is
hashtag fake news. It's not it's not true at all.
Speaker 2 (25:35):
You a fan of old Trumpy Olomona Trumpy.
Speaker 4 (25:37):
Look, I can't say I'm a fan, but I but look,
he's providing us with fighter to talk about every single day.
I remember when when when he obviously lost the presidency
after the first first term, and then there was no
kind of US news and the and our news bulletins
every day. However, no, I do think he seems to
(25:58):
be changing and you know, creating the narrative and bringing
up evidence or whatever he can think of to support
whatever you're saying.
Speaker 3 (26:05):
I don't think it matters where or not it's true
or not.
Speaker 4 (26:07):
He'd hear a rumor and then take that as gospel
if that was something that supported his argument.
Speaker 2 (26:12):
Here's the thing. I mean, we get used to the
sort of nonsense that comes out of there, and people
will still keep forgiving out. This is a president in
front of another world leader trying to slag him off
for saying talking about genocide and everything, and he's pulling
out I mean, it's a stage sort of takedown, and
he's pulling out images which aren't even true. I think
(26:34):
we have to remember that normal any other administration would
be incredibly embarrassed. But all they do is it's just
they just go quiet. And his supporters will probably text
me going, yeah, arrangement syndrome. But what a bunch of clowns.
They can't even get their imagery right.
Speaker 5 (26:50):
The thing that gets me right is like the differing
levels of political of sort of political consequences, like you know,
us president does this, there's no real ramifications. Everyone sort
of just moves on, you know, in New Zealand, we're
still trying to figure out, you know, the punishments. Months later, however,
a Japanese cabinet minister lost his role resigned over the
last week because he made a joke about not having
(27:13):
or not being quite as hit by the record high
rice prices in Japan. And for that one little off joke,
which was barely caught by anyone, he had to resign
his whole position. Like, the variety of punishments here is enormous.
Speaker 4 (27:25):
No, the way that you just said they can't even
get their images right, like it was an innocent mistake.
I'm pretty sure they didn't mistakenly use the wrong images.
Surely they're using whatever they think their marriage. No, I mean,
he just plucks random facts and figures and images and
evidence out of the sky to say that it will
support his argument, because it just supports what he wants
to get across the line.
Speaker 2 (27:45):
Well, speaking of see, he's just threatened a fifty percent
trade tariff on the EU now and it's getting to
the stage. I mean, had what was the threat with
China could have been one hundred.
Speaker 5 (27:54):
And forty five percent, also one hundred and forty five
for a bit.
Speaker 2 (27:58):
Yeah, so fifty percent possibly on EU. And one of
his points is talking about I don't know whatever his
points are, but one of the things is he doesn't
like the fact that some American companies have gotten in
trouble with the EU courts. So he's really overreaching with
some of this stuff. But have we seen any reaction
from markets with this thread of a fifty percent tariff
(28:18):
or are people going it's not going to happen.
Speaker 5 (28:20):
Yep, No, the market's dropped two point six percent, so
we are back into that sort of pretty hellish territory.
I mean, it's one of those things though. That's why
it's been really interesting in the last couple of weeks
on the trade front, because you've had, of course, the
first proper trade agreement with the UK that came through,
which was, to be fear looking at it, sort of
not the best deal for the UK in general. You've
seen the agreements with the likes of China that have
(28:42):
also started to come through. Everyone was feeling a bit
more upbeat, and then you've had this one of Trump
going well, you know, we might work it by fifty
and the entire markets have gone, oh gosh, that's right,
the tariffs might come back. We're still not seeing many
deals progressing quickly with the likes of Japan, Korea, any
of those sort of key important trading countries with the US.
I'm worried a little bit that we continue to sort
(29:02):
of get closer and closer to that ninety day pause
time frame and everyone thinks it's all good. It's not
all good. It's just on ice at the moment, and
it could come back very quickly and it could hammer
markets once again. Strap in for the wild ride.
Speaker 4 (29:14):
Not a thing on this well, I mean, I mean,
it's just a movable face, and I feel like the
only certainty is actually uncertainty. One day he's onto something,
the next day he's onto something else. Look, the ninety
days could lapse, and then they could he could ask
for another pause for ninety days while negotiations continue.
Speaker 3 (29:28):
You just don't know.
Speaker 4 (29:29):
And that's the scary thing is I think he's so
unpredictable and will just do and say whatever he wants,
and we'll change his mind on a whim, and you
can't actually sustain anything like that.
Speaker 2 (29:38):
I'd love to know when he's about to do that announcements,
because you do one of those, you do some short
selling or whatever you do on the sheer market. I mean,
wonder if there's any inside say that sounds illegal. You
got to wonder whether there is any of this going on.
There a lot of people who are privy to this
sort of information that it's You've got the Trump sons
(30:01):
going into Saudi Arabia and Katar and doing these deals
while he's there. I mean, if there's an argument for
personal enrichment.
Speaker 4 (30:07):
When there's some shares that Trump actually said that people
should buy, I feel like he did in Courage.
Speaker 5 (30:12):
There's been a few times even when he's just said, look,
it's a great time to buy in the market, which
which to be fair, afterwards he normally does do something
to jazz it up. But put it this way, I
wouldn't be writing my stock writing buying tips based on that.
But it's interesting. I mean, it goes to a wider
point that in the US they are in a weird
space where like their politicians do interact and interfere with
the markets a lot. More like the number of times
(30:33):
that you will see people that have tracked what Congress officials,
you know what what members of the House and that
in the US buy and then like you know, two
weeks later, the share price skyrockets up because they had
some insider knowledge that you know, the government was going
to give them some special inside run. Like it, it
makes you a little bit uneasy. I mean you look
at the New Zealand examples though, which was I think
Michael Wood who didn't sell as shares for you know,
(30:54):
umpteen dozen times. I mean, like again, wildly different. In
the US they do it all the time, and it's fine.
In New Zealand. No one actually bought stuff. It's just
they didn't sell it quickly enough and it became, you know,
downfall of a career.
Speaker 2 (31:05):
All right, we need to take a break. We'll be
back in to some And by the way, just responding
to people saying, are you saying white farmers are not
being killed? No, there have been some killings of South
African white farmers, but the murder rate in South Africa's
around twenty three thousand a year, and the vast majority
of the victims of murders are actually black. But yeah,
so it's one thing to say that some people have
been killed it's another to say there's a genocide. So yeah,
(31:29):
just a little bit of a perspective for you on that.
Nineteen minutes to four, Newstalk said, b Yes, and welcome
back to the Weekend Collective Upton Beverage my panelist Sir
Wilhelmina Shrimpton and Brad Olson. Now it's a sad headline
that Smith and Coe's a major department store and Auckland
is going to close its door after one hundred and
forty five years. What's your reaction to this, will? I mean,
(31:51):
because there's a sort of romantic nostalgic thought around, you know,
these old department stores, but they're competing with the moors,
the Westfield, the online trading. Do you think it's just
natural that that's the reason that we see it close down?
What do you reckon?
Speaker 4 (32:04):
I think it's incredibly I don't think that that's the
reason why it's closing down because it's competing with the
big malls. I think there's actually a massive problem with
what's going on on the CBD. I think that we're
not actually putting enough investment to revitalize that area. I mean,
I was looking at it the other day. I think
The actual total area of Auckland CBD I think is
just over four square kilometers and it contributes twenty percent
to Auckland's total GDP, so it's a massive contributor.
Speaker 3 (32:26):
But we're not putting enough in it.
Speaker 4 (32:27):
I feel like it's a center that needs so much
more love, and it's starting down the brita Art end.
You can see that starting to transform. But further up,
you know, when you get past the really sad looking
IMAX in the Saint James Theater, which I know is
getting restored, which is obviously great news. But when that
starts to flourish, hopefully there'll be more people in there.
But I think that there's still demand for bricks and
(32:47):
more to retail. I've just been working with a company
called Monsroale. They're kind of like an outdoor kind of
performance where brand. They just opened a store down in
brita Art and their whole thing is that we're competing
with online. We have to give people a reason to
go into store. It's not just about buying a jacket
or grabbing a T shirt. It's about giving them a
full immersive experience, you know, community events and they're doing
(33:07):
live ski reports to you know all of their locations
around the world, so it's about going above and beyond.
Speaker 2 (33:14):
I think well that ties in a little bit because
they did get some criticism from Murray Crane of Crane Brothers,
who Taylor's you know men's where providers and tailors and
they're you know, they're a top quality high street store,
and he made the comment that there's inadequately trained staff
and poor service has contributed to it. It says not
(33:34):
the cause, but he is touching on something where in
the malls these days, it's you know, and a lot
of the shopping experiences we have, it's a sort of
I'm sure you really have a relationship with a particular shop,
whereas you know, a business like Marry's, people go back
because they get the service that you know, they get
to know the people there. It's a consistency. Does he
have a point? Do you think that the shopping experience
(33:56):
that that should have been the corner that Smith and
Coe's should have been fighting and harder.
Speaker 5 (34:01):
I think that's how you differentiate your business in an
area like that, because you know, if you try to
do volume selling, if you're trying to act like a
more and similar then you know, that you're not trying
to sell on the service. You're trying to sell on
the volume and trying to sell on price and similar.
So when you do have some of those options where
they are a little bit higher quality, a little bit
more expensive, then you've got to justify that extra dollar
(34:23):
to people, because people at the moment are going, look,
I'm still feeling like I'm being hit from all ends
when it comes to cost of living increases and similar.
So if I'm going to part with my cash, it's
going to be a flipping good reason for me to
do it. We did see stats and Z data come
out on Friday that showed that retail spending has been
lifting in the first three months of this year. So
there's obviously a bit more money going around, but again
the competition for that, there's a lot of businesses out
(34:44):
there that have been doing it tough. They are going
to be putting there all in there. I think that
will manage, right. You know, if you don't put that
sort of level of effort in then it's I don't
think it kills your business, but it makes it a
whole lot harder to attract people in the front door.
Speaker 2 (34:57):
Actually, you are very well dressed today so toorally splendor wise.
Actually you were sort of do you get your suits made?
Speaker 5 (35:05):
No, you're an economist. I wait, I wait until there's
like a half priced sale at places that I buy from,
because I know I'm an efficient buy here. I try
and I try and scrimp and save as much as
I can. I mean not not in a stupidly frugal way.
I'm not one of those people from you know that
the TV shows who you know have bought one shoe
in the last five years and you know, like collect
(35:26):
styrofoam to make their metriss. But like, I'm not going
to overly go and spend money at the moment on
stuff like that. I like to save the money uppened
though having a suit.
Speaker 3 (35:36):
No, No, you can't. You can't because I remember for
a while.
Speaker 2 (35:42):
You can for you're an entertainer.
Speaker 4 (35:43):
No, it's only if it's uniform. So it's if it's
got your company logo on it, then you can charge back.
Speaker 3 (35:47):
I've been through that.
Speaker 2 (35:48):
You're a stage.
Speaker 3 (35:49):
I've been through this. Branding on this is neat I
or you need infometrics on the on the lapel.
Speaker 4 (35:55):
I think I love online shopping and like for me
It is about the convenience, but also if I can
go into store and try it on first, feel the
fabric out, what the fit is, that is my preference,
but it.
Speaker 3 (36:07):
Needs to be easy for me to do so.
Speaker 4 (36:09):
And I feel like Smith and Coy's has been not
so much cursed back in the day when Queen Street
was a hybrid activity and it was easy to get to.
It's really difficult to get to. It's dead up at
that end. It's right next door. Like I said to
the IMAX, the Saint James, it's that area of the
city that's waiting for this life to be breathed back
into it. But it's difficult to get to. It's admin
(36:30):
so I'd rather buy online.
Speaker 5 (36:32):
It's one of those things though, And we've seen the
Smith online, where again I think you're seeing a much
greater focus on hybrid shopping. You need an online presence,
but you also sometimes need the brick and mortar. If
I look at my parents' generation, you know they wouldn't
go out to a shop or even to a restaurant
and similar unless someone gave them a good recommendation, just
said hey, look, you know Smith and Siah down the
(36:53):
street had a good meal the other night. That was
good fun. Whereas now people my age, they won't go
to a restaurant, they won't go to a shop unless
they've been able to check it out online first and
sort of almost pre book a little bit. But you
still want to go and feel it. But if you
don't have their online prisons, you're a bit stuffed. Delaire.
Speaker 2 (37:09):
Actually, I did have a suit made recently at Crank
Crane by this by Marray Crane. But I know influencer,
like I can tell you I know exactly what he's
talking about, but I'll be honest. The services, absolutely, you know.
That's that's what gets people back in every time because
you go and you get a first class experience in
their service. You know that. And the guys I haven't
seen for years still greet you, you know, by name and.
Speaker 4 (37:31):
Friends with the shop assistance. It's actually really nice. You know,
you hear about their lives and they hear about yours,
and it's really nice. It's like going to your addresser,
right and you have a big conversation.
Speaker 5 (37:38):
But also it prompts you to spontaneously talk about it
to people that you know, Like that's that's part of
the marketing of that good.
Speaker 2 (37:44):
Should have my suit today if I've known you were
coming in on yours proud, and then we could do
a comparison between Off the Peg and Tailor Made Baby.
Speaker 3 (37:50):
Do you guys check them in you're speaking of you know,
we've got to go.
Speaker 2 (37:53):
To stop stop talking, stop talking.
Speaker 4 (37:57):
I'm ever coming on your panel again nine minutes to
purt new Stalks.
Speaker 2 (38:01):
They'd be.
Speaker 1 (38:05):
Sing us as.
Speaker 5 (38:07):
A piano man, sing us as tonight well.
Speaker 2 (38:13):
Around, Yes, And we're just playing a little bit of
Billy Job because the sad news that he's canceled his
upcoming concerts up being diagnosed with a condition that causes
a build up of fluid in his brain. So I
love a bit of Billy Joel. So well, I'm sure
we're sending all our best wishes.
Speaker 4 (38:27):
Hey.
Speaker 2 (38:27):
By the way, some good news actually, I thank you
for joining us. And when I say thank you for
joining us, if you're listening, I do appreciate it, because
the good news that we had this week for the
show is that we are now number one in Auckland
and nationwide in our time slot. And that's because you'll
tune in, and I really appreciate it. So a little
bit of good news therese we have such stellar panelists
(38:49):
like brad Olsen, Wilhelm and Shrimpton, and another bit of
good news to finish with guys with a couple of
minutes to go. I just think that the story of
Auckland FC, I almost can't get my head around. What
an incredible story of optimism and success and joy and
everything that's brought to the New Zealand soccer sporting fans
and Auckland to have begun from nowhere. They spend a
(39:10):
bit of money on some good players and man they
have delivered them and they Brad, you've been you're Aukland
f C man.
Speaker 5 (39:15):
Well, I haven't been to I mean on Wellington base,
so I haven't managed to actually get to any of
the games, but I have been following along. It has
been exciting, I think. More importantly, it's been cool to
see sort of I mean, life seems a bit downbeat,
you know, especially you know, the economy is challenging a
lot of stuffs a bit, but it's quite exciting to
see people you know on the weekend get a bit
jazzed up about you know, their team, and there is
(39:35):
a lot of ownership for the team. People are a
lot more excited in you know, football soccer, however you
want to call it. It's good, fun, good.
Speaker 4 (39:43):
It's nice that it's not just about the excitement around
the sport and what's happening on the field. It's also
around what's happening off the field. And I feel like
they've really nailed the whole fan engagement. People are really
behind them. You know, there's earlier games during the day
so that kids can go along. It's really family friendly
and I feel like that's something that they've done really
really well. They've nailed that model and that's something they
think Rugby could really benefit from.
Speaker 2 (40:01):
Because you're in a enthusiastict Rugby fan. I see you
screaming on the s sideline there, but of course you're
screaming for the for the the guy who's wearing the
you know, the the Well, well, what are.
Speaker 5 (40:12):
You cheering for them?
Speaker 4 (40:14):
If I know, I know, if anyone, if anyone bows him,
I'm just like evil lying people in the crowds.
Speaker 3 (40:19):
But no, I'm big Buck fan club.
Speaker 2 (40:22):
Hey guys, so good to have you and really appreciate
your coming into the studio. Wilhelmina Shrimpton, brad Olson enjoy
the rest of your weekend. Guys, this has been good, fun, great,
it has been it has been well.
Speaker 3 (40:32):
We congratulations again, Thank you again.
Speaker 2 (40:34):
Hey, we'll be back with the wonder If Radio McKnight.
We're going to talk about the Golden Visa, shall be
allowed foreign buyers back into the market.
Speaker 4 (40:40):
That and more.
Speaker 2 (40:41):
We want your calls one dighty ten eighty. It's coming
up to three minutes to four.
Speaker 1 (40:46):
For more from the Weekend Collective, listen live to news
Talks it'd be weekends from three pm, or follow the
podcast on iHeartRadio.
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