July 9, 2025 • 34 mins
On the Early Edition with Andrew Dickens Full Show Podcast Thursday 10th of July 2025, the Reserve Bank kept the OCR at 3.25%, Finance and Mortgages Association country Manager Leigh Hodgetts tells Andrew Dickens what this means for mortgages.
Our video game sector is having a major boom due to a government tax rebate, NZ Game Developers Association Executive Director Joy Keene shares his thoughts.
Some Jobseeker beneficiaries are being sent to Tasman and Marlborough to help with the clean up of flooding, Rural support trust top of the South Chairperson and Former Tasman District Mayor Richard Kempthorne tells Andrew how much of a difference they're making for clean up support.
Plus, US Correspondent Mitch McCann has the latest on the Texas floods and President Trump meeting with African Leaders Following USAID Cuts.
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Episode Transcript
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Speaker 1 (00:01):
The issues, the interviews and the insight Andrew Dickens on
an early edition with ex pole insulation, keeping Kimi Holmes
warm and try this winter news Talks they'd be well,
good morning.
Speaker 2 (00:13):
To you this Thursday morning. Thank you so much for
choosing the program. Coming up in the next sixty minutes.
The scheme is in place to get people on the
dolls working to repair flood ravage tasmin so will it work?
We'll have that story for you in ten. New Zealand
is excellent at creating video games, So how fast is
it growing? And what's the future? And that story in
fifteen A great rock and roll song turn sixty today
(00:37):
will be playing it? And what will the Reserve Bank's
decision yesterday? Bean called mortgages. We'll have that story for
you just before six. We'll have correspondents from right around
the world mentioned McCann from the United States, correspondents from
right around New Zealand and news as it breaks, and
you can have your say by giving me a text.
The number is ninety two to ninety two small charge appliers.
You can email Dickens at News Talk, depp co got
(01:00):
and zed it's coming up eight after five.
Speaker 3 (01:04):
The agenda.
Speaker 2 (01:06):
It's Thursday, the tenth of July, and Ukraine has been
hit with the biggest ever aerial attack from Russia, after
seven hundred and twenty eight drones and thirteen crews or
ballistic missiles struck cities right around the country in multiple ways.
And the strike came after Trump got angry with pugin.
Speaker 4 (01:26):
That was a war that should have never happened, and
a lot of people are dying and it should end.
And I don't know, we get we get a lot
of bullet thrown at us by poot For You want
to know the truth. It's very nice all the time,
but it turns out to be meaningless.
Speaker 2 (01:41):
Gosh, have you noticed how this presence wears a lot
more than any others? Anyway, He says the US will
send more weapons to Kiev, a reversal of last week's
suspension to Texas, and the cleanup continues. Four days after
the deadly flash floods that hit part of that state,
at least one hundred and sixty one people are still missing.
At least one hundred and eleven died in the disaster,
(02:02):
with five campers and one councilor from the Christian or
Girls summer Camp Mystic still missing.
Speaker 5 (02:10):
We're actively looking, actively working to ensure that we have
an accurate count so that we know who to look for.
We know that folks are beginning to clean up. We
have large debris piles.
Speaker 6 (02:25):
We asked them not to use heavy equipment to take
down those debris piles because it's possible there are victims
in that debris pile.
Speaker 2 (02:38):
YEP, and the possibility of a ceasefire deal in Gaza
has been put intoubt yet again. And that's despite Metta
Yahoo having multiple meetings with US officials.
Speaker 7 (02:48):
I had another meeting with President Trump at the White
House today and then a brief meeting with Vice President Vance.
We focused on efforts to free our hostages. We're not
hitting up for a moment, and this is possible because
of the minute pressure exerted by our heroic soldiers.
Speaker 2 (03:03):
So Palestinian official seers, negotiations and KATA have stalled after
three days of indirect talks and Pete Hegshith and Benjamin
Ettina who have just begun a meeting at the Pentagon.
It is ten out fives.
Speaker 1 (03:16):
And views you trust to start your day. It's early
edition with Andrew Dickins at expol insulation keeping Kiwi Holmes
warm and dry. This winter, news talk said, be well.
Speaker 2 (03:27):
The Trump tariff train is back on track, slamming countries
with mind meltingly high tariffs. Australia got it in the
neck yesterday on the pharmaceutical products in Albanisi was quickly
on the phone to beg Asian countries got hit last week,
places like Korea and Indonesia and Japan who have the
audacity of making stuff Americans want me and mar was
(03:49):
hit with a whopping forty percent tariff. It's all about
Trump's reciprocal trade relationship argument. If a balance of trade
favors a country that's not America, then he's miffed and
then the taxes come on. It's simplistic. Yes, it's full
of downsides for America, but I don't think he cares.
And while all this is going on, we keep escaping
(04:09):
censure and we stay on a ten percent tariff, and
believe it or not, this is good news for us
because trade is relative. If Australia is getting walloped and
we aren't, then our products can be bought by Americans
for less than our trans Tasman competitor. It is the
only silver lining on what is a global cloud? So
how long we escape a Trump terrade is anyone's guess.
(04:33):
I don't think he even knows. But long may it continue?
It seems if your trade relationship with the United States
isn't balanced, then you get punished. So with tongue in cheek,
I suggest that we, of course should buy New Zealand,
but we should also buy American and hope we don't
get the side eye from the commander in chief. It's
eleven after.
Speaker 3 (04:53):
Five fry and Bridge.
Speaker 2 (04:55):
So those are on a job seek a benefit are
being sent to Sorry that this coming up after the break,
isn't it, Richard kim Faughn. After the break? This is
the news that those on a job seeker benefit of
being sent to Tasman and Marlborough to clean up after
the floods. How many will go? Of course we know
that many people on the benefit have lives and they
(05:19):
don't just upsticks and move from Canterbury up to Nelson.
So this might be good for the Nelson district, but
for people stuck in the Nelson district? But what about
what about others? But anyway, we'll talk to Richard kent Thorne,
who is the former Tasman District mayor. About this. He
loves his scheme and that is next here on News
Talks at.
Speaker 1 (05:36):
Me, the news you need this morning and the in
depth analysis earlier this year. Andrew Dickens and ex full
insulation keeping Kiwi Holmes warm and dry this winter.
Speaker 3 (05:48):
News Talks at me.
Speaker 2 (05:49):
This is forty minutes after five, as you were asleep.
Red Bull decided to fire Christian Horner, the man who's
run Red Bull for at least twenty years, a man
who shoulder tapped Liam Lawson. This is a shock. No
one thought this was coming. Everyone talks about everyone else
being fired at Red Bull except for Christian. But Christian's
gone so Silverstone was his last race. Mike Hosking will
(06:09):
be absolutely myth that he's on holiday for this huge
piece of news. More than this is the morning goes
on all right. So those are on a job seeker
benefit of being sent to Tasman and Marlboro Districts to
deal with the cleanup after the floods will be paid
to do things like clear debris and repair buildings and waterways.
And Richard Kempthorne is the chairperson at the Rural Support
(06:30):
Trust for the top of the South Island. He's also
the former mayor of the Tasman District and he's up
this morning. Good morning to hear Richard.
Speaker 3 (06:37):
Yeah, good morning.
Speaker 8 (06:38):
You love this, eh, I don't know about love it,
but yeah, it's the enhanced Tustle's green does a great job.
Speaker 3 (06:48):
Yep.
Speaker 2 (06:48):
All right, So this enhancement, this scheme has been in
place before. Does it work? Do people come?
Speaker 8 (06:54):
Yes, they do. It works really well at hester. They
select suitable people because this is pretty tough work, really
clearing debris and slush from fences in particular, and you've
got to have people that are physically capable and it
is quite hard work.
Speaker 3 (07:15):
But they do a great job.
Speaker 8 (07:16):
We have had them before and they've been active in
other districts and they do a really good job and
they're very much appreciated.
Speaker 2 (07:24):
So they're selected. Are they then compelled or do they
have to volunteer.
Speaker 8 (07:30):
I'm not sure about compelling, but certainly if you've got
people that are physically and mentally capable to do the
work and don't do it, I'm not sure what happens there.
But I don't you know, we're talking about eighteen to
twenty people out of Motorweka Richmond Nelson. So I don't
think it's going to be difficult finding people who are
prepared to and want to do the work.
Speaker 2 (07:52):
So they're coming from the district. They're not being trucked
in from Canterbury or elsewhere.
Speaker 3 (07:56):
No, they're from the district.
Speaker 2 (07:58):
And many of these guys would be like job workers
who have already lost their jobs because of the floods.
They would have probably already been working to clean up anyway,
but here they are getting a little bit of compensation
for them.
Speaker 8 (08:10):
Well, I'm not sure that they've lost jobs. I don't
know there's been a lot of job losses because of
the flood. In fact, probably the people that have jobs
have been pretty busy. But these would be people that
aren't normally working, but they've been brought into work. So
one of the outcomes of this is once they've finished
doing this, they often find jobs in other areas or.
Speaker 3 (08:33):
Sometimes they end up working on farms. So it's quite
a good outcome.
Speaker 2 (08:38):
Great, So what do you need to do? I mean,
where are we at with the cleanup?
Speaker 8 (08:43):
The cleanup is starting, so we've had a lot of
volunteers within.
Speaker 3 (08:47):
The district so far.
Speaker 8 (08:51):
That they've done a lot of helping on properties, but
there's still a lot to do. We've also got a
group called Tassel's Kiwi. These are often retired or semi
retired people from the services or emergency services and they're
at the moment and they've just started work yesterday, so
(09:15):
there's about twenty of them having a look around the place.
They're using our surveys that we've done. We've done about
one hundred and twenty so far of properties that need
long term help cleaning up.
Speaker 3 (09:28):
So they're already there. But this group of entanced task.
Speaker 8 (09:32):
For screen they'll be starting in three to four weeks time.
Speaker 2 (09:35):
Fantastic And is the student Volunteer Army still there.
Speaker 3 (09:39):
I'm not sure they have been there, but I don't
know if they're still there.
Speaker 2 (09:43):
Great stuff. It's lovely to see in the community getting
together to fix the place up. And I thank you
for your time today, Richard, all the very very best
of luck.
Speaker 3 (09:49):
Our pleasure. Thanks very much.
Speaker 2 (09:51):
And it is now eighteen minutes out to five and
it's news talk to here, b. Do you realize how
big the gaming industry is in New Zealand? Not we
realize exactly how many people game all our children do.
But I'm talking about the guys who are the architects
of the game. They come together, they do the coding,
they create the game, they create the look. The list
of games that they've done is enormous. The number of
companies here enormous. So how is it going now? Some
(10:14):
new statistics out show that is going very very well.
Is there even more upside? Is this one of our
Could this be one of our major money earners. We'll
get to discuss this in a few moments time with
the head of the Game Developers Association here on News
Talks at.
Speaker 1 (10:28):
B the First Word on the News of the Day
early edition with Andrew Dickins and x Fole Insulation keeping
Kiwi Holmes warm and dry. This winter News Talk set.
Speaker 2 (10:39):
B by twenty one. Simon's written to me on the
text ninety two ninety two small charge applies and says
the work reading beneficiaries are not being sent anywhere by anyone.
They've simply been offered a short term job opportunity to
help the community. This is true. They're being asked and
they're in the region, as you heard from Richard kem
Thorne as well. So this is an opportunity and an
opportunity to learn new skill and it's worked very well,
(11:01):
as rich it has said in the past, so all
power to it as we try to recover from the
Tasman floods. So our video game sector is having a
major boom. Jobs and game development have increased twenty and
a half percent over the past year. That's just a
year now. This is due to a government tax rebate
scheme that allowed a number of studios to claim back
(11:23):
twenty percent of their spend. So Joy Keen is the
executive director of the New Zealand Game Developers Association and
joins me.
Speaker 9 (11:30):
Now hallo JOI hello, good morning. How are you.
Speaker 2 (11:33):
I'm great, You guys are great. I mean, that's quite
incredible growth, isn't it.
Speaker 9 (11:38):
It's absolutely phenomenal growth. We are so pleased with the
results of what the gens has been able to do
for the industry.
Speaker 2 (11:46):
Why New Zealander so good at making video games?
Speaker 9 (11:51):
I love answering this question. I think game development is
a role is quite a passionate industry and we've got
a lot of experience here, especially when you take into
account we shall workshop, for example, there's a lot of
talent that's come out of there and has naturally fallen
in from animation into game development.
Speaker 2 (12:10):
So this tax rebate that gives you the chimes to
get back twenty percent of your spend. Many other industries
would love something like that. But how good has it
been for your sector? Can you continue with it or
should it even be increased?
Speaker 9 (12:25):
Oh? Look, I think to answer the first question, how
good has it been for it's been phenomenal. A couple
of years ago, just before the rebate was announced, we
saw a lot of New Zealand studios looking to move
to Australia because of the rebate scheme there. So it's
been a game changer. The rebate has been able to
(12:50):
stem that movement overseas over to Australia. But also, yeah,
the would we like it increased? Well, of course we will,
or that everybody would like funding to be increased, But
we think that increasing the GDSR to twenty five percent
from twenty percent in line was the screen production rebate
(13:15):
as a no brainer. Basically, the matching that screen frouction
rebate is an additional benefit to businesses who are showing
a direct economic benefit, and we believe our studios actually
show that.
Speaker 2 (13:27):
So where to from here. Can you get bigger?
Speaker 9 (13:32):
Yes, we can get bigger. Look, we're on track to
become a billion dollar industry. Last year, our total so
let we start again, got so really our total export
revenue was five hundred and forty eight million dollars. We
know we're going to be a billion dollar industry very
very soon. So that's where we're heading.
Speaker 2 (13:52):
Good work, Joy and I thank you very very much.
They get a twenty percent rebate. The other day I
reported that EWEO authorities pay a seventeen point five five
percent tax, and they've shocked a lot of people. They
seem not to know that. And we've talked about the
incredible growth of the Maori economy. So here you go.
We do some tax rebates. When you have a favorable
(14:12):
corporate tax environment, you spur on industries. But the government's
not considering that for all. It is now five to
twenty five. It is News Talks B. We're going to
talk about the interest rates in a few moments time,
and then I promise not to.
Speaker 1 (14:24):
The early edition full the show podcast on iHeartRadio powered
by News talks it B.
Speaker 2 (14:31):
News Talks B Early Edition. I'm Andrew Dickinson for Ryan bridge.
It's five twenty seven. Now. The OCR thing yesterday. For
a while now, I've been thinking that the Reserve Bank
and the government are working at cross purposes for the country.
So yesterday the RB kept the OCR at the same
rate it's at the reason increasing inflation and little or
no growth in GDP. Now, of course, the government has
(14:54):
an agenda of growth, growth, growth, so reduced interest rates
could help stimulate the economy to bring some growth, growth, growth,
an economy that has some very flat spots in between
primary produce and tourism. But the Reserve banks perview is
inflation and low interest rates fires on consumerism, fires on inflation,
(15:14):
so they haven't lowered the rate. It's fair to say
the RB will not do what the government would like
it to do. But meanwhile the government pulls back on
all government spending, including stuff that fires on an economy
like construction and public builds and roading and more. And
if you want proof about this claim, government accounts in
the eleven months to the end of May for investing
(15:34):
and operational activities was three billion less than forecast, three
billion less than they said they would spend, and it's
six point four billion less than the same eleven months
a year ago. So this is money that isn't stirring
in the pot that is the New Zealand economy. And
as the interest rates have fallen, we're not using the
(15:55):
cheap of cash to spend. Our farmers and our businesses
and our households are choosing to pay back debt instead.
The government wants private capital to invest in this country,
but cash ain't cheap and the investments aren't coming in.
As I said before, why would anyone want to invest
in this country when even the government is keeping its
wallet shut. So welcome to year three of recession with
(16:18):
no change in sight unless the policies of the Reserve
Bank and the government start working in tandem. Zibby so
got mention mc cann out of the United States in
a few moments time. And Donald Trump today is going
to be meeting African leaders who are not happy because
of course Donald Trump cut all their aid. So we'll
talk about that. Meanwhile, I've got a text here that
(16:42):
says Trump has now only now realized that Putin has
been stringing him along all along. Hello, says the text.
And this after the news that Russia launched the biggest
attack on Ukraine for a very very very very long time,
over seven hundred missiles and drones and loads of intercontinental
ballistic missiles just pounding at it. This is just a
(17:03):
few moments after Trump. Of course, he yelled at Putin,
so what do you reckon? Do you reckon? Trump has
only now realized Putin has been stringing him along. Mitch,
we can after the News and Sport, which is next? Also, Oh,
a great rock and roll song turned sixty. That's to
come here on Early Edition on News Talk to b.
Speaker 1 (17:37):
Get ahead of the headlines on Early Edition with Andrew
Dickens and x Fole Insulation keeping Kiwi homes warm and
dry this winter News Talks ATV.
Speaker 2 (18:04):
One of the greatest rifts in rock and roll is
having a birthday today. This song I Can't get No
Satisfaction for the Rolling Stones went to number one in
the United States of America on this day sixty years ago,
nineteen sixty five, the first song they had went to
number one in the States. And what on riff? I mean,
(18:24):
it's so simple, but it's so unique. Keith reckons he
wrote the main riff in his sleep, waking only long
enough to record it. I'd love to know what he
ate before he went to sleep, so he came up
with that riff or as she might not just be
what he ate, but he smoked or whatever. Whatever. Happy birthday,
I can't get those satisfaction another five years you get
a gold card. Hey, now, so was it Yesterday's Raising
(18:45):
them more from the dead. Story of fun, little distraction.
The nation had fun reckoning what the bird would taste like,
speculating on the advent of a Kentucky fried More takeaways outlet,
marveling at the size of the drumstick. But at the
end of the day, a bit of fun was all
it was. There was significant scientific pushback on the idea.
They said a more brought back from extinction would likely
(19:07):
not be a more, it'd be a genetically modified ebu
or ostrich. It doubts, obviously, that it would even be
able to breed like a mule. The mule was created
by breeding a horse with a donkey, a beast of burden,
that sterile. It needs human intervention to keep existing. Without
humans sort of meddling with it, there'd be no more mules.
(19:31):
In fact, most de extinction efforts rely on cloning or
assisted reproduction, and not on natural breeding and Frankly, that's
a red flag of my book. The Moer, if it
ever came to be, would be a lonely freak, unsure
of its place in the world. So as a day
wore on and the jokes kept on flowing, I began
to feel that this was just a stunt from an
underemployed film director with too much time and too much
(19:53):
money on his hands. So Peter Jackson is putting in
ten million dollars, really, honestly, if he's got that sort
of chump chain sitting around, why don't you just flick
it to some young New Zealand filmmaker. The Greens have
come out and called the whole More thing a magnificent
waste of money and suggested sir Peter could have put
that ten million towards saving native species that are endangered.
(20:15):
But they're not freaks, and you know that seems about
right to me. News dogs'd be let's get right around
the country. Calm productor joins us from Otago. How the
callum morning Andrew. We get all worried about gravel build
up in rivers, but you guys have been looking at
the Kluther and you're not worried.
Speaker 10 (20:32):
No, the attack. Original council commissioned this assessment looking at
changes in the riverbed of the Kluther over several decades,
and it's good news. It's revealed that levels have either
stayed stable or have in fact fallen, apart from near
the main State highway bridge, where a slight rise was recorded.
Speaker 2 (20:49):
That's to be expected.
Speaker 10 (20:50):
Analysts say while some gravel bars appear more prominent during
the low flows, any build ups been localized and as minor.
They say this should provide some reassurance to residents, especially
along the Kluther River, and the Council says, look, they'll
continue monitoring this and consider its targeting gravel removal in
the future if built ups pose a flood risk.
Speaker 2 (21:10):
How's Otago's weather.
Speaker 10 (21:12):
It's fine today, cloudy periods like winsdad Eden's high fifteen.
Speaker 2 (21:16):
All right, we joined Maclaire Sherwood out of Canary Hella Claire.
Speaker 1 (21:19):
Good morning.
Speaker 2 (21:20):
So why is a christ Church bloke biking across Australia.
Speaker 11 (21:23):
Yeah, well, this is the story of Tony Schuke. This
is a former christ Church man who's biking across Australia,
specifically in honor of his doctor who died in the earthquake.
So Tony's now seventeen days into this four and a
half thousand kilometer journey. He's taking a trip from Darwin
to the Gold Coast. He's sixty five and he's doing
this in honor of doctor Allan Sinclair. He's a GP
(21:44):
who he says saved his life when he diagnosed him
with HIV two weeks before. Sinclair then died in the
CTV building collapse in February twenty eleven. Now, Schuk says
he stood at the doctor's funeral after that and gave
himself a promise that he would one day give back.
He's doing exactly that. Just now he's on this bike ride.
He's managed to get in touch with the doctor's family,
(22:06):
which is a really emotional story, and so far he's
raised about five thousand dollars. He says it's his way
of ensuring that the doctor's legacy lives on.
Speaker 2 (22:14):
All Right.
Speaker 11 (22:15):
How to weather mainly farm with a bit of high cloud,
northeasterlyies and warm fifteen degrees.
Speaker 2 (22:20):
All right, and now we go to Wellington. Max Toll,
good morning.
Speaker 3 (22:23):
To you, Good morning.
Speaker 2 (22:25):
Have you had an earthquake?
Speaker 12 (22:27):
No, no, no, no, sorry, I may have been slightly
confused with that intro I sent you.
Speaker 2 (22:33):
Yeah, yeah, I am. It says a jumpy reminder for Wellingtonians,
and I thought that'll be a earthquake.
Speaker 12 (22:39):
No, hopefully not triggering anyone that. No, I'm talking about
a spider, an unwelcome HouseGuest that crawled its way into
a Wellington home a few days ago, leading to a
bit of a flurry of comments on social media. An
image of a black a large, furry black tunnel web
spider was shared on a Johnsonville community Facebook page in
(22:59):
some one's home. It looks a little reminiscent of a
tarantula that the hairy, big body type of spider naturally
gave the homeowner a bit of a fright. Some people
expressing concern that this type of spider may even be
found in Wellington in the first place. We spoke to
spider expert cor vinc who says, well, this type is harmless,
actually really common to the region. The Lincoln University professor
(23:22):
says they tend to wander this time of year. People's
homes are often just in the way of these types
of spiders trying to find a mate, likely a male
looking for a female.
Speaker 9 (23:32):
There we go.
Speaker 2 (23:32):
Hate a spider that can jump, but there we go. Well,
how's you were weather today?
Speaker 12 (23:36):
Yeah, cloudy of a few showers fourteen the high central.
Speaker 2 (23:39):
Very good stuff. And now to Auckland and neither did
you matter? Good morning to you, Good morning. We all
love hospice. My mum had great hospice care. Tell me
about the South Auckland Tottera Hospice, how they're going.
Speaker 13 (23:50):
Well, this concerns Andrew about a threatened reduction in hospice care.
This is it South Aucland's you're quite right, tilted a hospice.
So the Newses organizations come out saying that staff are
being told it will have to cut its services by
a quarter because of lack of funds. Now Delegate and
hospice nurse Edward Boswell Correa says only the ones who
need it most will be able to get care. Health
(24:11):
Minister Sime and Browns come out. He said, look for
the twenty twenty four financial year, apparently the government contributed
more than eighty percent of Tiltal hospices total funding. So
that's much higher amount than the average fifty to fifty
five percent. He's saying that they need to explain why
they're choosing to reduce service.
Speaker 2 (24:27):
All right, how's the weather for all con today?
Speaker 13 (24:29):
Cloudy, scattered, show is becoming isolated in the afternoon. Seventeen
is the high Heroinal.
Speaker 2 (24:33):
Clipp and I thank you, nave it. It's now seventeen
minutes to sex. We're off to America with Mitch McCann
in a few moments time, and then we'll look at
mortgage rates. I've had a text through that said, what
were you just saying about that that tax for Ewie authorities. Yes,
I mentioned this the other day when we were talking
about the incredible growth of the Mari economy, and I
said that they get a concessionary tax rate of seventeen
(24:54):
point five percent. And I've had a number of emails
and a number of texts, a number of people saying,
what is that true? And yes, it is true. It's
part of the entire package that we put together for
them ever since we started doing this stuff back in
nineteen seventy five. And year they get a seventeen point
five percent concessionary tax rate. Video gamers get a twenty
(25:14):
percent tax rebate. We know that filmmakers get a tax
rebate as well. There are some people paying less tax
than others, and you could always ask the question, when
might this be spread around to other corporates. It is
sixteen to six. It's News Talk set B to Mitch
McCann and the United States next New Storks STB. So
you know, it's pretty awesome businesses right here in New
(25:36):
Zealand who care about the planet and are doing something
real about it. And one of those businesses is x Pole.
They're leading the way. They're the warmest feet in the
world people, and they've got something called the ex Pole
Earth Initiative and it's very impressive. All seven of their
factories right across New Zealand are fitted with recycling machines,
not just for their own offcuts, but for waste collected
(25:57):
from building science and even households. That we sit over
five hundred tons of polystyrene every year, and they've set
up recycling bins through building merchants nationwide taking back packaging
waste as well. That is a thousand cubic meters of
waste each month, roughly ten truck and trailer loads. And
even better, seventy five percent of their products now now
(26:19):
contain recycled content. So if you're building a renovating and
want to be kinder to the planet. Go to their website.
It's Xpole Expo Lxpole dot co dot nzen your home
and the environment. Well, thank you. It is twelve to.
Speaker 1 (26:32):
Six International correspondence with ins and Eye Insurance Peace of
Mind for New Zealand Business to America.
Speaker 2 (26:40):
We go. Mitch mcairn, Good morning to you. Andrew, Good morning,
how are you. I'm good. The tragedy in Texas keeps
on going. I can't believe just how many people are
still missing and how many have died. Yeah, truly horrible.
Speaker 14 (26:51):
The deathole from the floods in central Texas is now
one hundred and nineteen.
Speaker 2 (26:55):
People are shocking.
Speaker 14 (26:56):
One hundred and sixty people are still missing in Kerr
County where this happened. And we're also learning new information
today about this camp Mystic, that's the all girls Christian
camp where two dozen people died.
Speaker 2 (27:09):
Texas inspectors had actually signed off on.
Speaker 14 (27:11):
The camp's emergency planning just two days before the floods
and passed all compliance regulations at the same time, though
there are growing questions about why not everyone in that
region received the emergency alerts on their phones warning them
of the floods that were about to arrive.
Speaker 2 (27:27):
I heard a report saying that the area is called
flash flood Alley. So this was not a problem that
was Brad new. This is something that they could have expected.
Speaker 14 (27:36):
Yeah, that's something that's happened in recent and recent decades
as well. There are multiple reports of flooding around this
large river running through central Texas. In fact, there were
areas that did manage to evacuate in some of these camps. Unfortunately,
around twenty seven people died at this camp. Mystic they
were just too late to get out in the early
arms of the morning.
Speaker 2 (27:56):
All right, Now, President Donald Trump is hosting five West
African leaders today for a multilateral lunch, and of course
the Africans are not happy about the aid cuts. Yeah,
that's right.
Speaker 14 (28:06):
Donald Trump has just held that lunch with leaders from Senegal, Gabon, Mauritania,
Guinea Bissou, and Liberia to discuss a number of things.
But as you say, one of the reasons this is
interesting is because Donald Trump essentially wiped out USAID, which
promoted economic growth and delivered lots of aid to parts
of Africa. And the Lancet Medical Journal published to study
(28:26):
recently they said there would be fourteen in minion additional
deaths by twenty thirty because of.
Speaker 2 (28:33):
US AID cuts.
Speaker 15 (28:34):
However, in the last hour, I've seen even one of
these presidents in the circle say that Donald Trump deserves
the Nobel Peace Prize. And Donald Trump says he would
like to visit Africa at some point. So not too
many hard feelings from all those leaders.
Speaker 2 (28:48):
Good stuff, And I think you mention McCann out of
America at the time is now ten to six z
me all right, So, as predicted by economists of the
Reserve bankers kept the OCA at three point twenty five percent,
and this comes after six consecutive cuts since last August.
The Reserve Bank reckons it needs more clarity on inflation,
but that rusted in inflation's high things like rates and
(29:09):
insurance and all that sort of stuff. But they're also
worrying about the local economy and international trade going forward.
But at the end of the day, for US, it
means what does it mean for your mortgage? And Lee
Hodges is the Finance and Mortgage Association country manager and
joins me, Now, good morning to.
Speaker 16 (29:23):
You, Lee, Good morning, how are you.
Speaker 2 (29:26):
I'm well? Were you disappointed that there wasn't a cut.
Speaker 16 (29:30):
Look, we certainly were and most sporrowers around the country
would have felt disappointed as well. It just I think
it's a breath. We're pausing at the moment, but we
were hopeful of at least that twenty five basis points
reduction this month, so we hold out for August.
Speaker 2 (29:47):
Now, well, exactly, Well, why do you think we need
a cut, Why do you think we need a lower
interest rates?
Speaker 16 (29:53):
Well, I think it's still the household spending is very stretched.
You just mentioned that the cost of liv is still
really high in different areas around the country. We're seeing
different economic pressures in the regions and the city. So
what we are seeing that people are a little stretched
still and looking for that bit of relief in household spending,
(30:16):
I guess, and interest rates coming down and being able
to afford more putting money into other things apart from
paying interest to a bank is something that they would
look forward to.
Speaker 2 (30:26):
And reading the tea leaves you mentioned August, do you
think you could get a cut by then or do
you think the Reserve Bank is really sitting on their hands.
Speaker 16 (30:34):
I think all the sentiment is that the Reserve Bank
will drop another twenty five basis points in August. We
feel we're getting towards that bottom or that target range
with interest rates, and we just feel the sooner we
reach that the better. I think it will just stimulate
the market a little bit more. We're seeing a lot
(30:55):
of people, particularly first time buyers, trying to get into
the market, and I think bit of a reduction will
help them again to move back in, and it'll stimulate
the housing market as well. Investors might jump back in.
It might just things might line up a little bit better,
and we'll see some positive signs in both of those directions.
Speaker 2 (31:15):
Lee, I think you if for your time today, Lee
hodgits the Finance Mortgage Association Country Manager News Talks, he'd
be It is seven to.
Speaker 1 (31:22):
Six on your radio and online on iHeartRadio Early edition
with Andrew Dickens and x Full Insulation, keeping Kiely Holmes
warm and dry this Winter News Talks.
Speaker 2 (31:34):
At b It's head that's doing the breakfast show while
Mike Tidy is up the bat. He appears to be
tiding twenty four or seven at the moment, yes.
Speaker 17 (31:42):
And has cleaned every single car the light shade at
the top.
Speaker 2 (31:46):
He's doing the washing the iron sheets. Oh is that
what he was iron his irons the sheets? Anyway, that's good.
I mean that's his thing and all that sort of thing.
But he's going to be really pissed off. He's not
on air today because Christian Horner got sacked from Red Bull.
Speaker 17 (32:01):
This is the first thought I had when I saw it,
said Christian Horner sacked. I thought, oh, asking I beat you.
Wish you were here right now.
Speaker 2 (32:08):
Because it is. It's big news.
Speaker 17 (32:10):
It's big news given the role that Christian Horner had
played in Liam Lawson having such a tough time, right We've.
Speaker 2 (32:15):
Thought Liam might be sacked, Yuki might be sacked. You know,
everyone's being sacked except for Christian. But Christians was the
one who was sacked. So you got a little bit
on that. Yes, we'll have a little chat to that.
Speaker 17 (32:25):
We're actually going to speak to an F one journalist
about that who might be able to shed light because
at the moment there's a lot of internal drama, which
is the most interesting thing probably about this, but it's
not clear as to whether you know as to what
exactly the reason for that is. We're also going to
talk about the o cr Andrew because obviously, you know
the cash rate was kept yesterday. But the really interesting
thing about that is actually when you read the commentary
(32:47):
that the Reserve Bank sends out, they are really what
you can tell is that we are still in the
dol drums economically and there's no sign we're coming out
of this anytime soon.
Speaker 2 (32:56):
Right, And it's the inflation you've got, You've got the
you've got the Financial Ministers headline story. Today, I'm going
to hassle everybody about the place of butter. You know,
the inflation is a problem.
Speaker 17 (33:05):
Yes, inflation is a problem. And and you know we're
worried about what the councils are doing, worried about the
price of butter. What can you actually do? Probably now
we are shifting, I think, into territory where you know,
there's a you get a period of grace when you
knew the new government. You can't be blamed for things.
It's the old government's problem. I think we're now in
a period where actually these guys are responsible for it
not firing enough.
Speaker 2 (33:23):
You and Sam we're talking about lizards all morning. Oh yes,
what's this lizard?
Speaker 17 (33:27):
You know that you know how Shane Jones keeps banging
on about this particular gold mine in central Otarget he loves.
Speaker 2 (33:32):
Yeh, yeah, it's because of the lizard.
Speaker 17 (33:34):
It was the moths before, now it's the lizards.
Speaker 2 (33:36):
Okay, lizards. Christian Horner, Interest Rates and Heather. Next, I'm
Andrew dickens By, thanks to producer Kingsey. Back again tomorrow,
have yourself a wonderful day.
Speaker 1 (33:57):
For more from Early Edition with Ryan Bridge, listen line
to news Talks it'd be from five am weekdays, or
follow the podcast on iHeartRadio.
The issues, the interviews and the insight Andrew Dickens on
an early edition with ex pole insulation, keeping Kimi Holmes
warm and try this winter news Talks they'd be well,
good morning.
Speaker 2 (00:13):
To you this Thursday morning. Thank you so much for
choosing the program. Coming up in the next sixty minutes.
The scheme is in place to get people on the
dolls working to repair flood ravage tasmin so will it work?
We'll have that story for you in ten. New Zealand
is excellent at creating video games, So how fast is
it growing? And what's the future? And that story in
fifteen A great rock and roll song turn sixty today
(00:37):
will be playing it? And what will the Reserve Bank's
decision yesterday? Bean called mortgages. We'll have that story for
you just before six. We'll have correspondents from right around
the world mentioned McCann from the United States, correspondents from
right around New Zealand and news as it breaks, and
you can have your say by giving me a text.
The number is ninety two to ninety two small charge appliers.
You can email Dickens at News Talk, depp co got
(01:00):
and zed it's coming up eight after five.
Speaker 3 (01:04):
The agenda.
Speaker 2 (01:06):
It's Thursday, the tenth of July, and Ukraine has been
hit with the biggest ever aerial attack from Russia, after
seven hundred and twenty eight drones and thirteen crews or
ballistic missiles struck cities right around the country in multiple ways.
And the strike came after Trump got angry with pugin.
Speaker 4 (01:26):
That was a war that should have never happened, and
a lot of people are dying and it should end.
And I don't know, we get we get a lot
of bullet thrown at us by poot For You want
to know the truth. It's very nice all the time,
but it turns out to be meaningless.
Speaker 2 (01:41):
Gosh, have you noticed how this presence wears a lot
more than any others? Anyway, He says the US will
send more weapons to Kiev, a reversal of last week's
suspension to Texas, and the cleanup continues. Four days after
the deadly flash floods that hit part of that state,
at least one hundred and sixty one people are still missing.
At least one hundred and eleven died in the disaster,
(02:02):
with five campers and one councilor from the Christian or
Girls summer Camp Mystic still missing.
Speaker 5 (02:10):
We're actively looking, actively working to ensure that we have
an accurate count so that we know who to look for.
We know that folks are beginning to clean up. We
have large debris piles.
Speaker 6 (02:25):
We asked them not to use heavy equipment to take
down those debris piles because it's possible there are victims
in that debris pile.
Speaker 2 (02:38):
YEP, and the possibility of a ceasefire deal in Gaza
has been put intoubt yet again. And that's despite Metta
Yahoo having multiple meetings with US officials.
Speaker 7 (02:48):
I had another meeting with President Trump at the White
House today and then a brief meeting with Vice President Vance.
We focused on efforts to free our hostages. We're not
hitting up for a moment, and this is possible because
of the minute pressure exerted by our heroic soldiers.
Speaker 2 (03:03):
So Palestinian official seers, negotiations and KATA have stalled after
three days of indirect talks and Pete Hegshith and Benjamin
Ettina who have just begun a meeting at the Pentagon.
It is ten out fives.
Speaker 1 (03:16):
And views you trust to start your day. It's early
edition with Andrew Dickins at expol insulation keeping Kiwi Holmes
warm and dry. This winter, news talk said, be well.
Speaker 2 (03:27):
The Trump tariff train is back on track, slamming countries
with mind meltingly high tariffs. Australia got it in the
neck yesterday on the pharmaceutical products in Albanisi was quickly
on the phone to beg Asian countries got hit last week,
places like Korea and Indonesia and Japan who have the
audacity of making stuff Americans want me and mar was
(03:49):
hit with a whopping forty percent tariff. It's all about
Trump's reciprocal trade relationship argument. If a balance of trade
favors a country that's not America, then he's miffed and
then the taxes come on. It's simplistic. Yes, it's full
of downsides for America, but I don't think he cares.
And while all this is going on, we keep escaping
(04:09):
censure and we stay on a ten percent tariff, and
believe it or not, this is good news for us
because trade is relative. If Australia is getting walloped and
we aren't, then our products can be bought by Americans
for less than our trans Tasman competitor. It is the
only silver lining on what is a global cloud? So
how long we escape a Trump terrade is anyone's guess.
(04:33):
I don't think he even knows. But long may it continue?
It seems if your trade relationship with the United States
isn't balanced, then you get punished. So with tongue in cheek,
I suggest that we, of course should buy New Zealand,
but we should also buy American and hope we don't
get the side eye from the commander in chief. It's
eleven after.
Speaker 3 (04:53):
Five fry and Bridge.
Speaker 2 (04:55):
So those are on a job seek a benefit are
being sent to Sorry that this coming up after the break,
isn't it, Richard kim Faughn. After the break? This is
the news that those on a job seeker benefit of
being sent to Tasman and Marlborough to clean up after
the floods. How many will go? Of course we know
that many people on the benefit have lives and they
(05:19):
don't just upsticks and move from Canterbury up to Nelson.
So this might be good for the Nelson district, but
for people stuck in the Nelson district? But what about
what about others? But anyway, we'll talk to Richard kent Thorne,
who is the former Tasman District mayor. About this. He
loves his scheme and that is next here on News
Talks at.
Speaker 1 (05:36):
Me, the news you need this morning and the in
depth analysis earlier this year. Andrew Dickens and ex full
insulation keeping Kiwi Holmes warm and dry this winter.
Speaker 3 (05:48):
News Talks at me.
Speaker 2 (05:49):
This is forty minutes after five, as you were asleep.
Red Bull decided to fire Christian Horner, the man who's
run Red Bull for at least twenty years, a man
who shoulder tapped Liam Lawson. This is a shock. No
one thought this was coming. Everyone talks about everyone else
being fired at Red Bull except for Christian. But Christian's
gone so Silverstone was his last race. Mike Hosking will
(06:09):
be absolutely myth that he's on holiday for this huge
piece of news. More than this is the morning goes
on all right. So those are on a job seeker
benefit of being sent to Tasman and Marlboro Districts to
deal with the cleanup after the floods will be paid
to do things like clear debris and repair buildings and waterways.
And Richard Kempthorne is the chairperson at the Rural Support
(06:30):
Trust for the top of the South Island. He's also
the former mayor of the Tasman District and he's up
this morning. Good morning to hear Richard.
Speaker 3 (06:37):
Yeah, good morning.
Speaker 8 (06:38):
You love this, eh, I don't know about love it,
but yeah, it's the enhanced Tustle's green does a great job.
Speaker 3 (06:48):
Yep.
Speaker 2 (06:48):
All right, So this enhancement, this scheme has been in
place before. Does it work? Do people come?
Speaker 8 (06:54):
Yes, they do. It works really well at hester. They
select suitable people because this is pretty tough work, really
clearing debris and slush from fences in particular, and you've
got to have people that are physically capable and it
is quite hard work.
Speaker 3 (07:15):
But they do a great job.
Speaker 8 (07:16):
We have had them before and they've been active in
other districts and they do a really good job and
they're very much appreciated.
Speaker 2 (07:24):
So they're selected. Are they then compelled or do they
have to volunteer.
Speaker 8 (07:30):
I'm not sure about compelling, but certainly if you've got
people that are physically and mentally capable to do the
work and don't do it, I'm not sure what happens there.
But I don't you know, we're talking about eighteen to
twenty people out of Motorweka Richmond Nelson. So I don't
think it's going to be difficult finding people who are
prepared to and want to do the work.
Speaker 2 (07:52):
So they're coming from the district. They're not being trucked
in from Canterbury or elsewhere.
Speaker 3 (07:56):
No, they're from the district.
Speaker 2 (07:58):
And many of these guys would be like job workers
who have already lost their jobs because of the floods.
They would have probably already been working to clean up anyway,
but here they are getting a little bit of compensation
for them.
Speaker 8 (08:10):
Well, I'm not sure that they've lost jobs. I don't
know there's been a lot of job losses because of
the flood. In fact, probably the people that have jobs
have been pretty busy. But these would be people that
aren't normally working, but they've been brought into work. So
one of the outcomes of this is once they've finished
doing this, they often find jobs in other areas or.
Speaker 3 (08:33):
Sometimes they end up working on farms. So it's quite
a good outcome.
Speaker 2 (08:38):
Great, So what do you need to do? I mean,
where are we at with the cleanup?
Speaker 8 (08:43):
The cleanup is starting, so we've had a lot of
volunteers within.
Speaker 3 (08:47):
The district so far.
Speaker 8 (08:51):
That they've done a lot of helping on properties, but
there's still a lot to do. We've also got a
group called Tassel's Kiwi. These are often retired or semi
retired people from the services or emergency services and they're
at the moment and they've just started work yesterday, so
(09:15):
there's about twenty of them having a look around the place.
They're using our surveys that we've done. We've done about
one hundred and twenty so far of properties that need
long term help cleaning up.
Speaker 3 (09:28):
So they're already there. But this group of entanced task.
Speaker 8 (09:32):
For screen they'll be starting in three to four weeks time.
Speaker 2 (09:35):
Fantastic And is the student Volunteer Army still there.
Speaker 3 (09:39):
I'm not sure they have been there, but I don't
know if they're still there.
Speaker 2 (09:43):
Great stuff. It's lovely to see in the community getting
together to fix the place up. And I thank you
for your time today, Richard, all the very very best
of luck.
Speaker 3 (09:49):
Our pleasure. Thanks very much.
Speaker 2 (09:51):
And it is now eighteen minutes out to five and
it's news talk to here, b. Do you realize how
big the gaming industry is in New Zealand? Not we
realize exactly how many people game all our children do.
But I'm talking about the guys who are the architects
of the game. They come together, they do the coding,
they create the game, they create the look. The list
of games that they've done is enormous. The number of
companies here enormous. So how is it going now? Some
(10:14):
new statistics out show that is going very very well.
Is there even more upside? Is this one of our
Could this be one of our major money earners. We'll
get to discuss this in a few moments time with
the head of the Game Developers Association here on News
Talks at.
Speaker 1 (10:28):
B the First Word on the News of the Day
early edition with Andrew Dickins and x Fole Insulation keeping
Kiwi Holmes warm and dry. This winter News Talk set.
Speaker 2 (10:39):
B by twenty one. Simon's written to me on the
text ninety two ninety two small charge applies and says
the work reading beneficiaries are not being sent anywhere by anyone.
They've simply been offered a short term job opportunity to
help the community. This is true. They're being asked and
they're in the region, as you heard from Richard kem
Thorne as well. So this is an opportunity and an
opportunity to learn new skill and it's worked very well,
(11:01):
as rich it has said in the past, so all
power to it as we try to recover from the
Tasman floods. So our video game sector is having a
major boom. Jobs and game development have increased twenty and
a half percent over the past year. That's just a
year now. This is due to a government tax rebate
scheme that allowed a number of studios to claim back
(11:23):
twenty percent of their spend. So Joy Keen is the
executive director of the New Zealand Game Developers Association and
joins me.
Speaker 9 (11:30):
Now hallo JOI hello, good morning. How are you.
Speaker 2 (11:33):
I'm great, You guys are great. I mean, that's quite
incredible growth, isn't it.
Speaker 9 (11:38):
It's absolutely phenomenal growth. We are so pleased with the
results of what the gens has been able to do
for the industry.
Speaker 2 (11:46):
Why New Zealander so good at making video games?
Speaker 9 (11:51):
I love answering this question. I think game development is
a role is quite a passionate industry and we've got
a lot of experience here, especially when you take into
account we shall workshop, for example, there's a lot of
talent that's come out of there and has naturally fallen
in from animation into game development.
Speaker 2 (12:10):
So this tax rebate that gives you the chimes to
get back twenty percent of your spend. Many other industries
would love something like that. But how good has it
been for your sector? Can you continue with it or
should it even be increased?
Speaker 9 (12:25):
Oh? Look, I think to answer the first question, how
good has it been for it's been phenomenal. A couple
of years ago, just before the rebate was announced, we
saw a lot of New Zealand studios looking to move
to Australia because of the rebate scheme there. So it's
been a game changer. The rebate has been able to
(12:50):
stem that movement overseas over to Australia. But also, yeah,
the would we like it increased? Well, of course we will,
or that everybody would like funding to be increased, But
we think that increasing the GDSR to twenty five percent
from twenty percent in line was the screen production rebate
(13:15):
as a no brainer. Basically, the matching that screen frouction
rebate is an additional benefit to businesses who are showing
a direct economic benefit, and we believe our studios actually
show that.
Speaker 2 (13:27):
So where to from here. Can you get bigger?
Speaker 9 (13:32):
Yes, we can get bigger. Look, we're on track to
become a billion dollar industry. Last year, our total so
let we start again, got so really our total export
revenue was five hundred and forty eight million dollars. We
know we're going to be a billion dollar industry very
very soon. So that's where we're heading.
Speaker 2 (13:52):
Good work, Joy and I thank you very very much.
They get a twenty percent rebate. The other day I
reported that EWEO authorities pay a seventeen point five five
percent tax, and they've shocked a lot of people. They
seem not to know that. And we've talked about the
incredible growth of the Maori economy. So here you go.
We do some tax rebates. When you have a favorable
(14:12):
corporate tax environment, you spur on industries. But the government's
not considering that for all. It is now five to
twenty five. It is News Talks B. We're going to
talk about the interest rates in a few moments time,
and then I promise not to.
Speaker 1 (14:24):
The early edition full the show podcast on iHeartRadio powered
by News talks it B.
Speaker 2 (14:31):
News Talks B Early Edition. I'm Andrew Dickinson for Ryan bridge.
It's five twenty seven. Now. The OCR thing yesterday. For
a while now, I've been thinking that the Reserve Bank
and the government are working at cross purposes for the country.
So yesterday the RB kept the OCR at the same
rate it's at the reason increasing inflation and little or
no growth in GDP. Now, of course, the government has
(14:54):
an agenda of growth, growth, growth, so reduced interest rates
could help stimulate the economy to bring some growth, growth, growth,
an economy that has some very flat spots in between
primary produce and tourism. But the Reserve banks perview is
inflation and low interest rates fires on consumerism, fires on inflation,
(15:14):
so they haven't lowered the rate. It's fair to say
the RB will not do what the government would like
it to do. But meanwhile the government pulls back on
all government spending, including stuff that fires on an economy
like construction and public builds and roading and more. And
if you want proof about this claim, government accounts in
the eleven months to the end of May for investing
(15:34):
and operational activities was three billion less than forecast, three
billion less than they said they would spend, and it's
six point four billion less than the same eleven months
a year ago. So this is money that isn't stirring
in the pot that is the New Zealand economy. And
as the interest rates have fallen, we're not using the
(15:55):
cheap of cash to spend. Our farmers and our businesses
and our households are choosing to pay back debt instead.
The government wants private capital to invest in this country,
but cash ain't cheap and the investments aren't coming in.
As I said before, why would anyone want to invest
in this country when even the government is keeping its
wallet shut. So welcome to year three of recession with
(16:18):
no change in sight unless the policies of the Reserve
Bank and the government start working in tandem. Zibby so
got mention mc cann out of the United States in
a few moments time. And Donald Trump today is going
to be meeting African leaders who are not happy because
of course Donald Trump cut all their aid. So we'll
talk about that. Meanwhile, I've got a text here that
(16:42):
says Trump has now only now realized that Putin has
been stringing him along all along. Hello, says the text.
And this after the news that Russia launched the biggest
attack on Ukraine for a very very very very long time,
over seven hundred missiles and drones and loads of intercontinental
ballistic missiles just pounding at it. This is just a
(17:03):
few moments after Trump. Of course, he yelled at Putin,
so what do you reckon? Do you reckon? Trump has
only now realized Putin has been stringing him along. Mitch,
we can after the News and Sport, which is next? Also, Oh,
a great rock and roll song turned sixty. That's to
come here on Early Edition on News Talk to b.
Speaker 1 (17:37):
Get ahead of the headlines on Early Edition with Andrew
Dickens and x Fole Insulation keeping Kiwi homes warm and
dry this winter News Talks ATV.
Speaker 2 (18:04):
One of the greatest rifts in rock and roll is
having a birthday today. This song I Can't get No
Satisfaction for the Rolling Stones went to number one in
the United States of America on this day sixty years ago,
nineteen sixty five, the first song they had went to
number one in the States. And what on riff? I mean,
(18:24):
it's so simple, but it's so unique. Keith reckons he
wrote the main riff in his sleep, waking only long
enough to record it. I'd love to know what he
ate before he went to sleep, so he came up
with that riff or as she might not just be
what he ate, but he smoked or whatever. Whatever. Happy birthday,
I can't get those satisfaction another five years you get
a gold card. Hey, now, so was it Yesterday's Raising
(18:45):
them more from the dead. Story of fun, little distraction.
The nation had fun reckoning what the bird would taste like,
speculating on the advent of a Kentucky fried More takeaways outlet,
marveling at the size of the drumstick. But at the
end of the day, a bit of fun was all
it was. There was significant scientific pushback on the idea.
They said a more brought back from extinction would likely
(19:07):
not be a more, it'd be a genetically modified ebu
or ostrich. It doubts, obviously, that it would even be
able to breed like a mule. The mule was created
by breeding a horse with a donkey, a beast of burden,
that sterile. It needs human intervention to keep existing. Without
humans sort of meddling with it, there'd be no more mules.
(19:31):
In fact, most de extinction efforts rely on cloning or
assisted reproduction, and not on natural breeding and Frankly, that's
a red flag of my book. The Moer, if it
ever came to be, would be a lonely freak, unsure
of its place in the world. So as a day
wore on and the jokes kept on flowing, I began
to feel that this was just a stunt from an
underemployed film director with too much time and too much
(19:53):
money on his hands. So Peter Jackson is putting in
ten million dollars, really, honestly, if he's got that sort
of chump chain sitting around, why don't you just flick
it to some young New Zealand filmmaker. The Greens have
come out and called the whole More thing a magnificent
waste of money and suggested sir Peter could have put
that ten million towards saving native species that are endangered.
(20:15):
But they're not freaks, and you know that seems about
right to me. News dogs'd be let's get right around
the country. Calm productor joins us from Otago. How the
callum morning Andrew. We get all worried about gravel build
up in rivers, but you guys have been looking at
the Kluther and you're not worried.
Speaker 10 (20:32):
No, the attack. Original council commissioned this assessment looking at
changes in the riverbed of the Kluther over several decades,
and it's good news. It's revealed that levels have either
stayed stable or have in fact fallen, apart from near
the main State highway bridge, where a slight rise was recorded.
Speaker 2 (20:49):
That's to be expected.
Speaker 10 (20:50):
Analysts say while some gravel bars appear more prominent during
the low flows, any build ups been localized and as minor.
They say this should provide some reassurance to residents, especially
along the Kluther River, and the Council says, look, they'll
continue monitoring this and consider its targeting gravel removal in
the future if built ups pose a flood risk.
Speaker 2 (21:10):
How's Otago's weather.
Speaker 10 (21:12):
It's fine today, cloudy periods like winsdad Eden's high fifteen.
Speaker 2 (21:16):
All right, we joined Maclaire Sherwood out of Canary Hella Claire.
Speaker 1 (21:19):
Good morning.
Speaker 2 (21:20):
So why is a christ Church bloke biking across Australia.
Speaker 11 (21:23):
Yeah, well, this is the story of Tony Schuke. This
is a former christ Church man who's biking across Australia,
specifically in honor of his doctor who died in the earthquake.
So Tony's now seventeen days into this four and a
half thousand kilometer journey. He's taking a trip from Darwin
to the Gold Coast. He's sixty five and he's doing
this in honor of doctor Allan Sinclair. He's a GP
(21:44):
who he says saved his life when he diagnosed him
with HIV two weeks before. Sinclair then died in the
CTV building collapse in February twenty eleven. Now, Schuk says
he stood at the doctor's funeral after that and gave
himself a promise that he would one day give back.
He's doing exactly that. Just now he's on this bike ride.
He's managed to get in touch with the doctor's family,
(22:06):
which is a really emotional story, and so far he's
raised about five thousand dollars. He says it's his way
of ensuring that the doctor's legacy lives on.
Speaker 2 (22:14):
All Right.
Speaker 11 (22:15):
How to weather mainly farm with a bit of high cloud,
northeasterlyies and warm fifteen degrees.
Speaker 2 (22:20):
All right, and now we go to Wellington. Max Toll,
good morning.
Speaker 3 (22:23):
To you, Good morning.
Speaker 2 (22:25):
Have you had an earthquake?
Speaker 12 (22:27):
No, no, no, no, sorry, I may have been slightly
confused with that intro I sent you.
Speaker 2 (22:33):
Yeah, yeah, I am. It says a jumpy reminder for Wellingtonians,
and I thought that'll be a earthquake.
Speaker 12 (22:39):
No, hopefully not triggering anyone that. No, I'm talking about
a spider, an unwelcome HouseGuest that crawled its way into
a Wellington home a few days ago, leading to a
bit of a flurry of comments on social media. An
image of a black a large, furry black tunnel web
spider was shared on a Johnsonville community Facebook page in
(22:59):
some one's home. It looks a little reminiscent of a
tarantula that the hairy, big body type of spider naturally
gave the homeowner a bit of a fright. Some people
expressing concern that this type of spider may even be
found in Wellington in the first place. We spoke to
spider expert cor vinc who says, well, this type is harmless,
actually really common to the region. The Lincoln University professor
(23:22):
says they tend to wander this time of year. People's
homes are often just in the way of these types
of spiders trying to find a mate, likely a male
looking for a female.
Speaker 9 (23:32):
There we go.
Speaker 2 (23:32):
Hate a spider that can jump, but there we go. Well,
how's you were weather today?
Speaker 12 (23:36):
Yeah, cloudy of a few showers fourteen the high central.
Speaker 2 (23:39):
Very good stuff. And now to Auckland and neither did
you matter? Good morning to you, Good morning. We all
love hospice. My mum had great hospice care. Tell me
about the South Auckland Tottera Hospice, how they're going.
Speaker 13 (23:50):
Well, this concerns Andrew about a threatened reduction in hospice care.
This is it South Aucland's you're quite right, tilted a hospice.
So the Newses organizations come out saying that staff are
being told it will have to cut its services by
a quarter because of lack of funds. Now Delegate and
hospice nurse Edward Boswell Correa says only the ones who
need it most will be able to get care. Health
(24:11):
Minister Sime and Browns come out. He said, look for
the twenty twenty four financial year, apparently the government contributed
more than eighty percent of Tiltal hospices total funding. So
that's much higher amount than the average fifty to fifty
five percent. He's saying that they need to explain why
they're choosing to reduce service.
Speaker 2 (24:27):
All right, how's the weather for all con today?
Speaker 13 (24:29):
Cloudy, scattered, show is becoming isolated in the afternoon. Seventeen
is the high Heroinal.
Speaker 2 (24:33):
Clipp and I thank you, nave it. It's now seventeen
minutes to sex. We're off to America with Mitch McCann
in a few moments time, and then we'll look at
mortgage rates. I've had a text through that said, what
were you just saying about that that tax for Ewie authorities. Yes,
I mentioned this the other day when we were talking
about the incredible growth of the Mari economy, and I
said that they get a concessionary tax rate of seventeen
(24:54):
point five percent. And I've had a number of emails
and a number of texts, a number of people saying,
what is that true? And yes, it is true. It's
part of the entire package that we put together for
them ever since we started doing this stuff back in
nineteen seventy five. And year they get a seventeen point
five percent concessionary tax rate. Video gamers get a twenty
(25:14):
percent tax rebate. We know that filmmakers get a tax
rebate as well. There are some people paying less tax
than others, and you could always ask the question, when
might this be spread around to other corporates. It is
sixteen to six. It's News Talk set B to Mitch
McCann and the United States next New Storks STB. So
you know, it's pretty awesome businesses right here in New
(25:36):
Zealand who care about the planet and are doing something
real about it. And one of those businesses is x Pole.
They're leading the way. They're the warmest feet in the
world people, and they've got something called the ex Pole
Earth Initiative and it's very impressive. All seven of their
factories right across New Zealand are fitted with recycling machines,
not just for their own offcuts, but for waste collected
(25:57):
from building science and even households. That we sit over
five hundred tons of polystyrene every year, and they've set
up recycling bins through building merchants nationwide taking back packaging
waste as well. That is a thousand cubic meters of
waste each month, roughly ten truck and trailer loads. And
even better, seventy five percent of their products now now
(26:19):
contain recycled content. So if you're building a renovating and
want to be kinder to the planet. Go to their website.
It's Xpole Expo Lxpole dot co dot nzen your home
and the environment. Well, thank you. It is twelve to.
Speaker 1 (26:32):
Six International correspondence with ins and Eye Insurance Peace of
Mind for New Zealand Business to America.
Speaker 2 (26:40):
We go. Mitch mcairn, Good morning to you. Andrew, Good morning,
how are you. I'm good. The tragedy in Texas keeps
on going. I can't believe just how many people are
still missing and how many have died. Yeah, truly horrible.
Speaker 14 (26:51):
The deathole from the floods in central Texas is now
one hundred and nineteen.
Speaker 2 (26:55):
People are shocking.
Speaker 14 (26:56):
One hundred and sixty people are still missing in Kerr
County where this happened. And we're also learning new information
today about this camp Mystic, that's the all girls Christian
camp where two dozen people died.
Speaker 2 (27:09):
Texas inspectors had actually signed off on.
Speaker 14 (27:11):
The camp's emergency planning just two days before the floods
and passed all compliance regulations at the same time, though
there are growing questions about why not everyone in that
region received the emergency alerts on their phones warning them
of the floods that were about to arrive.
Speaker 2 (27:27):
I heard a report saying that the area is called
flash flood Alley. So this was not a problem that
was Brad new. This is something that they could have expected.
Speaker 14 (27:36):
Yeah, that's something that's happened in recent and recent decades
as well. There are multiple reports of flooding around this
large river running through central Texas. In fact, there were
areas that did manage to evacuate in some of these camps. Unfortunately,
around twenty seven people died at this camp. Mystic they
were just too late to get out in the early
arms of the morning.
Speaker 2 (27:56):
All right, Now, President Donald Trump is hosting five West
African leaders today for a multilateral lunch, and of course
the Africans are not happy about the aid cuts. Yeah,
that's right.
Speaker 14 (28:06):
Donald Trump has just held that lunch with leaders from Senegal, Gabon, Mauritania,
Guinea Bissou, and Liberia to discuss a number of things.
But as you say, one of the reasons this is
interesting is because Donald Trump essentially wiped out USAID, which
promoted economic growth and delivered lots of aid to parts
of Africa. And the Lancet Medical Journal published to study
(28:26):
recently they said there would be fourteen in minion additional
deaths by twenty thirty because of.
Speaker 2 (28:33):
US AID cuts.
Speaker 15 (28:34):
However, in the last hour, I've seen even one of
these presidents in the circle say that Donald Trump deserves
the Nobel Peace Prize. And Donald Trump says he would
like to visit Africa at some point. So not too
many hard feelings from all those leaders.
Speaker 2 (28:48):
Good stuff, And I think you mention McCann out of
America at the time is now ten to six z
me all right, So, as predicted by economists of the
Reserve bankers kept the OCA at three point twenty five percent,
and this comes after six consecutive cuts since last August.
The Reserve Bank reckons it needs more clarity on inflation,
but that rusted in inflation's high things like rates and
(29:09):
insurance and all that sort of stuff. But they're also
worrying about the local economy and international trade going forward.
But at the end of the day, for US, it
means what does it mean for your mortgage? And Lee
Hodges is the Finance and Mortgage Association country manager and
joins me, Now, good morning to.
Speaker 16 (29:23):
You, Lee, Good morning, how are you.
Speaker 2 (29:26):
I'm well? Were you disappointed that there wasn't a cut.
Speaker 16 (29:30):
Look, we certainly were and most sporrowers around the country
would have felt disappointed as well. It just I think
it's a breath. We're pausing at the moment, but we
were hopeful of at least that twenty five basis points
reduction this month, so we hold out for August.
Speaker 2 (29:47):
Now, well, exactly, Well, why do you think we need
a cut, Why do you think we need a lower
interest rates?
Speaker 16 (29:53):
Well, I think it's still the household spending is very stretched.
You just mentioned that the cost of liv is still
really high in different areas around the country. We're seeing
different economic pressures in the regions and the city. So
what we are seeing that people are a little stretched
still and looking for that bit of relief in household spending,
(30:16):
I guess, and interest rates coming down and being able
to afford more putting money into other things apart from
paying interest to a bank is something that they would
look forward to.
Speaker 2 (30:26):
And reading the tea leaves you mentioned August, do you
think you could get a cut by then or do
you think the Reserve Bank is really sitting on their hands.
Speaker 16 (30:34):
I think all the sentiment is that the Reserve Bank
will drop another twenty five basis points in August. We
feel we're getting towards that bottom or that target range
with interest rates, and we just feel the sooner we
reach that the better. I think it will just stimulate
the market a little bit more. We're seeing a lot
(30:55):
of people, particularly first time buyers, trying to get into
the market, and I think bit of a reduction will
help them again to move back in, and it'll stimulate
the housing market as well. Investors might jump back in.
It might just things might line up a little bit better,
and we'll see some positive signs in both of those directions.
Speaker 2 (31:15):
Lee, I think you if for your time today, Lee
hodgits the Finance Mortgage Association Country Manager News Talks, he'd
be It is seven to.
Speaker 1 (31:22):
Six on your radio and online on iHeartRadio Early edition
with Andrew Dickens and x Full Insulation, keeping Kiely Holmes
warm and dry this Winter News Talks.
Speaker 2 (31:34):
At b It's head that's doing the breakfast show while
Mike Tidy is up the bat. He appears to be
tiding twenty four or seven at the moment, yes.
Speaker 17 (31:42):
And has cleaned every single car the light shade at
the top.
Speaker 2 (31:46):
He's doing the washing the iron sheets. Oh is that
what he was iron his irons the sheets? Anyway, that's good.
I mean that's his thing and all that sort of thing.
But he's going to be really pissed off. He's not
on air today because Christian Horner got sacked from Red Bull.
Speaker 17 (32:01):
This is the first thought I had when I saw it,
said Christian Horner sacked. I thought, oh, asking I beat you.
Wish you were here right now.
Speaker 2 (32:08):
Because it is. It's big news.
Speaker 17 (32:10):
It's big news given the role that Christian Horner had
played in Liam Lawson having such a tough time, right We've.
Speaker 2 (32:15):
Thought Liam might be sacked, Yuki might be sacked. You know,
everyone's being sacked except for Christian. But Christians was the
one who was sacked. So you got a little bit
on that. Yes, we'll have a little chat to that.
Speaker 17 (32:25):
We're actually going to speak to an F one journalist
about that who might be able to shed light because
at the moment there's a lot of internal drama, which
is the most interesting thing probably about this, but it's
not clear as to whether you know as to what
exactly the reason for that is. We're also going to
talk about the o cr Andrew because obviously, you know
the cash rate was kept yesterday. But the really interesting
thing about that is actually when you read the commentary
(32:47):
that the Reserve Bank sends out, they are really what
you can tell is that we are still in the
dol drums economically and there's no sign we're coming out
of this anytime soon.
Speaker 2 (32:56):
Right, And it's the inflation you've got, You've got the
you've got the Financial Ministers headline story. Today, I'm going
to hassle everybody about the place of butter. You know,
the inflation is a problem.
Speaker 17 (33:05):
Yes, inflation is a problem. And and you know we're
worried about what the councils are doing, worried about the
price of butter. What can you actually do? Probably now
we are shifting, I think, into territory where you know,
there's a you get a period of grace when you
knew the new government. You can't be blamed for things.
It's the old government's problem. I think we're now in
a period where actually these guys are responsible for it
not firing enough.
Speaker 2 (33:23):
You and Sam we're talking about lizards all morning. Oh yes,
what's this lizard?
Speaker 17 (33:27):
You know that you know how Shane Jones keeps banging
on about this particular gold mine in central Otarget he loves.
Speaker 2 (33:32):
Yeh, yeah, it's because of the lizard.
Speaker 17 (33:34):
It was the moths before, now it's the lizards.
Speaker 2 (33:36):
Okay, lizards. Christian Horner, Interest Rates and Heather. Next, I'm
Andrew dickens By, thanks to producer Kingsey. Back again tomorrow,
have yourself a wonderful day.
Speaker 1 (33:57):
For more from Early Edition with Ryan Bridge, listen line
to news Talks it'd be from five am weekdays, or
follow the podcast on iHeartRadio.
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