February 11, 2026 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Thursday 12th of Feburary 2025, The Government's launching an inquiry into how the Reserve Bank acted during the Covid pandemic, Claire Matthews, Associate Professor at Massey University Business School shares her thoughts.
Kiwi brewers are calling for the Government to freeze draught beer excise, Founder & Director at Abandoned Brewery, Tim Ward tells Ryan how this could help local brewers.
Property owners are holding on to their properties for the longest period on record, Cotality Chief Property Economist Kelvin Davidson shares his thoughts.
Plus, US Correspondent Mitch McCann has the latest on a meeting between Trump and Netanyahu on Iran and Police have released a man hours after they detained him in connection to the disappearance of Nancy Guthrie.
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Speaker 1 (00:01):
The issues, the interviews and the inside. Ryan Bridge, on
an earlier issue with one roof love where you Live,
News Talk said.
Speaker 2 (00:10):
Good morning, just gone six, half to five. Great to
have your company. We'll look at this COVID inquiry before
six o'clock. Mitch mccannon's stateside for us, why we need
cheaper beer? The Aussies are doing it, so why shouldn't we?
And how long are you holding on to your house?
The agenda is that the top of February, one of
Canada's deadliest mass shootings. They reckon a disaster over there.
Speaker 1 (00:31):
This is the kind of thing that feels like it
happens in other places an close to home.
Speaker 2 (00:36):
Some of the deaths happened at a school, some of
them happened at a house. They're not entirely sure or
convinced that they are actually connected.
Speaker 3 (00:44):
Well, we have two scenes. We have the school and
then we have found two other persons deceased at our
residence and tumbler Ridge that we're trying to determine the
connection to this event. We believe they're connected, but we're
not in a position to provide.
Speaker 2 (00:58):
That open The yew is thet we've been following. Nancy Guthrie,
poor woman eighty four years old. The newsreader's mum kidnapped
in the middle of the night, so they rased the guy.
They released the guy, so still no answers and still
looking at that creepy surveillance image of presumably another guy
to the one they rested.
Speaker 4 (01:17):
Well, it is a potential breakthrough for investigators in this case.
Pictures have been released by the FBI and they show
an maass an armed individual. This is the FBI's statement.
Who appears to have been tampering with the doorbell camera in.
Speaker 2 (01:33):
A master Isn't he how to identify?
Speaker 5 (01:35):
Right?
Speaker 2 (01:36):
Finally, Nityahu Trump meeting today on Iran in Washington.
Speaker 6 (01:39):
I think that he would pressure the president, who has
some isolationist tendencies, to go with maximalist demands and basically
force Iranians to give up on the missile program, which
is quite a threat to the Israelis.
Speaker 1 (01:55):
Views and views you trust. To start your day, It's
earlier this ship with Bryan Bridge and one Roofe Love
where you Live news talks had been.
Speaker 2 (02:05):
Nine two is the number to text a Thursday, the
twelfth of February. Great to have your company and the
story of the day. The one to watch that I
reckon is Wellington and the pipes. I know, I got
boring for a while and it'd say, yeah, okay, we
get it, the pipes are broken. But it's going to
get juicy again now because there's this blog post that's
came out a couple of days ago and now there's
stories coming out about it. It's it's a council meeting
(02:28):
from a couple of years back, twenty twenty one, a
long term plan decision meeting at Wellington City Council starring
none other than Tamotha Paul. Now Tamatha Paul is now
a Green Empeace. She used to be on the council
in Wellington and at this meeting they pushed through and
it's i'll tell you why this is interesting or significant
(02:49):
in a second. But they had a plan to fund
a bunch of money for some cycle ways. You know
they love a bike, the Greens. It was a one
hundred and twenty one million bucks or something. Anyway, she
puts forward this motion says no, no, no, let's double it.
Let's go for two hundred and twenty six million dollars,
and the troops were rallied.
Speaker 7 (03:07):
What I will say is that this is a decade
of investment and this is the key thing that we
will do in the next ten years to do the
most that we can to reduce our climate emissions. It
will not be easy. We will need to take out
hundreds of car parks. But I stood for council to
make transformational bold change.
Speaker 2 (03:25):
Right, transformational bold change. Did that include stuffing the pipes?
Because this is the other thing now that's been written
people saying, well, actually, what they also did was cut
or go for a reduced amount of funding on the pipes,
on the wastewater renewals. There was an option to fund
more and they voted against it. Now since then, it's
(03:45):
all getting very cloak and dagger. Since then, apparently there's
been a private little meeting between Andrew Little, who's told
in one of his counselors shut up in the media
about this because you're not getting things right. You've also
at the same time Tamitha Paul herself coming out and saying,
you guys are financially illiterate, because that's not how counsel works.
(04:09):
They're saying. She's come out and said, with you could
make the same argument about funding we did for the
library for example, or same argument about funding we did
for housing for example, or same argument about funding we
did for public transport for example. Well I'm sorry, but
the difference here is you don't need cycle ways, do you?
(04:31):
Is that core council business? And she didn't deny the
thrust of the claim, did she in her response. So
that's one to watch this morning for endlessly fascinating. As
you eat your breakfast and what you eat for breakfast
literally ends up in the waves. At Lyle Bay five
to eleven News Talk CB, we'll talk about your house
(04:52):
prices and how long that means you hold on to them.
Speaker 1 (04:54):
Next, the News you Need this morning and the in
depth analysis early edition with Ryan Bridge and one Roote
Love where you Live News Talks.
Speaker 2 (05:05):
That'd been all great news. Thirteen after five on the
ocr front this morning. This time it's from Westpac. Yesterday
I told you that they were the economists were predicting it.
B and Z was saying, Oh, we think they'll go
up in September. The rates will start going up again
because we've got a meeting next week where they're going
to hold But what happens after that's the more interesting part.
And what they say about what's going to happen after
(05:26):
that is the really interesting part. And if they say nothing,
does that also speak volumes? You're really reading the tea
leaves here.
Speaker 5 (05:33):
Anyway.
Speaker 2 (05:34):
Westpac has been doing a bit of that. The economist
there reckon we will have six hikes to the OCR
during next year because we've got excess capacity in the economy.
It's going to be swallowed up more quickly than they
had expected. So they reckon that the Reserve Bank's going
to have to step in six times next year. By
the end of next year, the OCR. I remember, it's
two point twenty five percent right now. The OCR, they reckon,
(05:56):
will hit four percent. Ryan Bridge fourteen after five, I
have homeowners holding on to their properties for the longest
period on record. Properties resold for a gain had been
held on to for a median of ten point one years,
while those resold at a loss had been owned for
just under four years. Calvin Davidson, Catality, chief Property economists
(06:16):
with us this morning. Hey Calvin, good morning, So how
does that compare?
Speaker 8 (06:22):
Well, Yeah, it's the highest I've got on records, So
I think just consistent with the pretty flat housing market.
If people are looking to get some kind of game.
I guess they've just got to hang on for longer
than in the past. And it really is quite a
stark trend. And I think the contrast there between the
whole periods for gains and the whole period for losses
(06:43):
is a really interesting thing, because if you hang on
to ten years, for seeing twenty years, very likely you're
make a profit. But of course if you've only held
on three or four years and face gained circumstances or
something like that, much higher chance of making it loss,
particularly in this current market over the last three or
four years, with values are still down. So quite a
stark difference there between whole periods for losses and games.
Speaker 2 (07:05):
Basically, if you don't have to well you don't want
to have to sell, do you. And maybe were people
are staying together in relationships, they otherwise wouldn't just just
to hold on to their properties and keep their values.
Speaker 8 (07:17):
Well possibly, yeah, well our data doesn't tell us about
our relational issues, but yeah, we can certainly see that
difference there between between whole periods. And I mean, in
any market, there's always a greater chance of making a
loss if if your whole period's pretty short you probably
didn't intend to hold for a short period of time,
but things change. But it's just emphasized in this current
(07:39):
market because the house prices are still down eight aener
cent in the peak, So that last three or four
years has been really tough time to hold for a
short period.
Speaker 2 (07:48):
Is that an understandable but ultimately dumb psychological move that
we do that, because then we when we sell, presumably
we're selling into a higher market and buying more for
the next one.
Speaker 8 (07:57):
Anyway, you know, there is always that old shay of
doesn't really matter if you buy and sell in the
same market, but it doesn't necessarily hold true at the moment,
because yes, if you say you're a first home buyer
in twenty twenty one, at the top of the market,
you've paid top dollar, you're now sitting on a property
potentially depending on where you are in the country, not everywhere,
(08:17):
but if you're sitting on a property in Auckland, you
might still be down twenty five percent. So it does
very across the country, and there is that cliche of
the say, but certainly a tough time at the moment
to be buying and selling in a short period of time.
Speaker 2 (08:33):
It sounds like it too, Kelvin. Appreciate your update this morning.
Calvin Davidson, Catality Chief Property Economists with US. It's sixteen
after five. Next, the ausies have made a change to
their bear excise regulations and I'm interested to hear that
how they're going to plan to do this in New Zealand.
I mean not that they are, but there are calls
for them to do it in New Zealand. It it
(08:54):
sounds very complicated to me, but we'll see if they
can explain that to us. Next, News Talks ever been.
Speaker 1 (09:00):
The first word on the news of the day Early
Eddiship with Ryan Bridge and one Roote Love where you live.
Speaker 2 (09:07):
News Talks, that'd be it is nineteen minutes after five.
You know how when you go on social media and
the social media companies just seem like this massive behemoth
that live in the ether and you'll never get hold
of them, and they'll never email you back, and you
complain about something and they just do not care. Talk
to the hand. That's what Facebook says to you. Well,
India's doing something about it. So they've just introduced new
(09:30):
laws over there. They're going to make it mandatory for
social media companies to remove unlawful content within three hours
of so soon as you tell them and give them
a tap on the shoulder and say this is illegal
content or this is something's wrong with this. As soon
as you notify them, they have three hours to do
something about it. And bredge Brig Australia's just frozen draft
(09:52):
bear excise to relieve some pressure on local pubs and
Keewi brewers here are calling for the same to be done.
Our excise tax rises all dramatically every year, as you
know if you go to the pub, Well, beer consumption
has fallen to the lowest level on record. Tim Ward
from Abandoned Breweries with me this morning.
Speaker 5 (10:08):
Hey Tim, how are you doing? Ryan?
Speaker 2 (10:10):
Yeah, really good, thank you. So what can you explain
to us what the Aussies have done?
Speaker 9 (10:15):
Yeah, what the Aussies have done is they've put a
freeze on excise tacks as you said, to put give
relief to breweries. But they've actually gone a step further
and they've frozen up to fifty thousand liters for crafts breweries.
Speaker 2 (10:30):
And so how much are they saving?
Speaker 9 (10:34):
What's roughly twenty percent of the retail price that you've
seen on shelves. So if you're purchasing the product, and
craft beers in a four to forty more can send
at around say ten dollars or twelve dollars, that's twenty
percent of that is going straight into the government's coffers.
Speaker 2 (10:51):
Is this twenty percent, sorry, just craft bear that we're
talking about here, or all beer.
Speaker 9 (10:56):
We're talking about all beer. But what the Australi aliens
did some time ago is they provided release directly to
craft brewers, really to give the small guys an opportunity
to survive. It's not really a level playing field when
you've got you've got large companies with huge efficiencies able
(11:17):
to produce product and mass and then sell it at
a very very low price, competing with small businesses which
have got much higher costs and smaller volumes.
Speaker 2 (11:28):
How do you separate out who's big who's small? And
is the excise not just on alcohol rather than beer
or wine or anything specific x.
Speaker 9 (11:39):
Those taxes alcohol by volume? I think the bigger question
is what is the excise tax trying to achieve? And
essentially it's an offset to the cost of alcohol harm
and discourage consumption, and in my opinion, it's a very
blunt instrument. There are several other ways to reduce alcohol
harm that could be more successful. What well, there was
(12:02):
a recommendation in twenty twelve and the last sellar Licor
Act which was ignored, and that's to split the drinking
age between off premise and on premise. Essentially, off premise
would go up to twenty and on premise would stay
at eighteen. The sery there is that bars and restaurants
are highly regulated environments where start are on hand at
(12:26):
all times to check alcohol consumption and individuals, whereas it
an off premise, an eighteen year old could walk in
still in school in school uniform and their connectivity with
somebody who's much younger is still there because of their
school relationship, whereas a twenty year old is much less
(12:47):
likely to buy alcohol.
Speaker 2 (12:48):
For a young person, tim is this actually an argument
that's a little bit redundant Now? Young people aren't drinking
anywhere near as much as we used to when we
were younger, and they're not buying as much alcohol. That's
your real problem.
Speaker 9 (13:01):
And that probably plays into why it's such a blunt instrument.
These days. Young people are aren't drinking as much alcohol,
and the excise tax is really just a massive revenue
collection for the government that's too too, too great for
them to ignore.
Speaker 2 (13:18):
So you actually, what you're saying is they are responsible
enough to handle cheaper booze.
Speaker 9 (13:25):
No, what I'm saying, like the other thing that would
help with alcohol hammers and was recommended in twenty twelve
and a Law Commission report was a minimum drink pricing
so that big liquor couldn't gain the efficiencies. They had
to set a minimum unit price for alcohol. Let's say retailers,
(13:47):
not the big liquors, had to set a minimum drinks price,
and that would just reduce accessibility to larger quantities to
the consent, I'm on.
Speaker 2 (13:57):
Board with what you're saying, and God, I'd love to
for booz cheap of bear at the pub and craft
bear in particular would be lovely. But then what about
any other industry where you have big players who have
economies of scale, who can make stuff cheaper versus your
smaller guys I mean pack an industry, and you'll find
the same problem.
Speaker 9 (14:16):
I don't think you're ever going to get cheaper bus.
Speaker 2 (14:18):
I think the.
Speaker 9 (14:20):
Freezing of the excise tax or a concession for artisan
businesses is going to go straight to the back pockets
of those small businesses. The price is going to stay
relatively the same for the consumer. Small businesses craft worries
have struggle for years and they're unable to pass on
discounts that they might get from suppliers or from a
(14:43):
drop in the excise tax or a freezing exiit.
Speaker 2 (14:45):
Gotcha, Yeah, yeah, no, got you. Tim. Appreciate your update
this morning. Thank you, Good luck with the mission. Tim Ward,
founder and director at Abandoned Brewery. Its twenty five after five.
We'll talk about another terrible case, yes today, a historical
one of child abuse and child neglect in New Zealand
and another minister being chased through the halls of Parliament.
(15:07):
Really is this going to get us anywhere? We'll talk
about that next, and we're to Mitch McCann after News
at five point thirty Newstalks EDB, the early.
Speaker 1 (15:16):
Edition full show podcast on iHeartRadio powered by News Talks AB.
Speaker 2 (15:21):
News Talks hed B five twenty seven. The brutal death
of that poor wee boy, Malachi Subec is a disgrace.
No one will argue with that. It was basically torture.
Horrible stuff, and now we have these debates popping up
about it back in the news another report being done.
Should the minister front for interviews that was the focus
of an article yesterday. Karen Shaw, herself a product of
(15:43):
the foster care system, criticized, didn't attend or didn't do
any interviews. Apparently yesterday during the day she was busy
attended a pre planned lunch event to eat some lamb
on Parliament's lawn. Criticized for this, she should have, according
to this irn Z story, presumably been inside answering questions
about why more wasn't being done about this boy's murder,
(16:05):
which you might recall was back in twenty twenty one.
Calvin Davis, you may recall, also came in for a
hammering from the media when he was the minister. So
I think we should all be really clear at the outset.
Neither Karen nor Calvin nor any politician is responsible for
the deaths of babies. The fact we have no culprit
(16:25):
for the death of baby ru in the hut is
you could say the fault of the police. But ultimately,
as with all of these cases, fault lies with those
who do the killing and those who do the covering up.
You know, the family who don't speak to police, the
partner who won't dob in their other half, the other
real culprits here. Yes, there are things we can learn,
(16:45):
things we can do, things that can change. We can
change the name of an agency. God We've done that
enough times. We can add a red flag system here,
we can appoint a children's commissioner there. But ultimately, does
any of it do any good? Average around ten or
eleven kids killed by homicide every year in New Zealand.
Ask ot or sits before them, and they'll tell you
(17:07):
that reports of abuse seem to be trending down, but
they have a new thing called reports of concern. They
are going up. We actually don't know for certain if
this is getting better or worse, because there's apparently a
data lag. I know it's an incredible thing to have
a data lag on, but here we are. You would
have to say, though, on the whole the picture is
not rosy and no amount of stalking MPs around Parliament
(17:30):
is going to fix it. Any fix surely has to
be in the home.
Speaker 1 (17:39):
Get ahead of the headlines on early edition with Ryan
Bridge and one roof Love Where you live used talks at.
Speaker 5 (17:47):
Me pretty far away from Sex News.
Speaker 2 (18:03):
Talk on your Thursday morning. Great to have your company clear.
Speaker 5 (18:06):
Matthews.
Speaker 2 (18:07):
You know the banking expert. We used her quite a
lot because she's good, and she's going to talk to
us about the COVID inquiry that's coming for the RBNZ
and potentially coming for labor too. I guess that's the
point of it. John has checked in Ryan. I think
the inquiry is a cunning election ployee. We can prove
this by the extra high pitched wine coming from Hipkins,
who still hasn't gotten around to apologizing for anything COVID related. John,
(18:30):
did you see him on the news last night. I
nearly choked on my steaken chips. I wasn't having staken chips.
I was having chicken and broccoli. But there we go,
trying to sound cool, relatable. So he's One of the
grabs that he did on the tiles yesterday was Ah,
(18:50):
this will just bring out all this is the COVID conspiracy. Theorist,
bro do not start with that. It's not a conspiracy.
Like it happened. Okay, COVID happened, the response happened, the
money printing happened, the government borrowing happened. There's no conspiracy
(19:12):
about that. What's the harm in asking what harm it did?
Ryan Bridge, twenty three minutes away from six. Also, I'll
tell you, Brittany, So I've just been given a piece
of paper. Mackenzie's given me a piece of paper that
tells us Britney Spears. You know how she went do
lally and then came back and the conservatorship and they
put her back in charge of her own money. Well
(19:32):
she's gone and sold her entire music catalog. This is
according to the BBC, you know. And people are going, gosh,
is she in a state to sell it? And how
much did she get? I'll tell you that in a
second too. But first we'll go to our reporters around
the country and we'll go to Mitch McCann Stateside. Shortly
Collum Proctor is with us in Dneed and Collen good
morning morning, right, So fireworks display for New Year's EVAs
(19:54):
back on.
Speaker 10 (19:56):
Yeah, the council here looking at at bringing it back
for an enterprise to Need and here recently surveyed the
public Ryan after last year's event, events egauge whether it
meets community expectations, and it clearly didn't. The majority of
respondents expressing overall dissatisfaction, many describing the display as anti climactic,
(20:16):
unclear or ending abruptly. There were no fireworks. Dunedin in fact,
hasn't run a New Year's Eve pyrotechnics display since welcoming
in twenty twenty one, and there are calls for that
to return. Our Maya, Sophie Barker, wants something magical to
happen at midnight. She's told us. Fireworks displays, though, started
a cost of around forty thousand dollars, which is a
challenge for them when residents want the council to be
(20:39):
fiscally responsible. Councilors will consider that in a meeting today.
Speaker 2 (20:44):
All right, how's your weather? A fine day for us?
Nor easterly is twenty three cheers Callen, Thank you, Claire
and christch morning, Claire, good morning. Porterloo's are being distributed
to help the homeless.
Speaker 11 (20:56):
Yeah, We've got Christier at City Council paying to put
Porterloo's in the red zone on the eastern side of
the city in order to cope with a growing homelessness problem.
The facilities have been in place now for several months.
Following some complaints about people who were using the public
spaces for toileting. The move comes as our Council is
discussing the council's role in housing and homelessness and developing
(21:19):
a homelessness strategy. Christchurch East MP Reuben Davidson says the
issue is not going away and now people are popping
up where they haven't been seen before. He says, the
reality is people need homes, not just portaloose.
Speaker 2 (21:32):
And are they using the portal loose like the instances
of the musing out the grass are going down? Do
we know?
Speaker 11 (21:39):
Yes, yes, that's reducing So it's a good thing and
the thing in terms of the problem. The question is
whether we should be paying for that at the ambulance
at bottom of the cliff or whether we need help
earlier in the process.
Speaker 2 (21:49):
Yeah, good point. How's your weather morning?
Speaker 11 (21:51):
Cloud should clear to find today northeasterly is picking up
a bit later and a high twenty two.
Speaker 2 (21:55):
You have a great day, clear morning, Max.
Speaker 12 (21:58):
Morning.
Speaker 2 (21:58):
You got a golf tournament teeing off in the case.
Speaker 13 (22:00):
Yeah, this is the Women's Amateur Asia Pacific Championship which
tees off this morning at Royal Wellington. And as we've
been reporting, I think the headline act in this eighty
three strong field is unquestionably a thirteen year old Wellington
student named Elise Barber who plays off a plus two.
She's a skipping school today at Queen Margaret College to
take part.
Speaker 2 (22:21):
Took up golf at the age of six, could not
hit it as.
Speaker 13 (22:23):
Far as other girls at times, so really fine tuned
her short game. She's a bit of a wizard around
the greens. And the winner gets the incredible prize of
being able to compete at three of this year's women's majors,
including the Open. Ten thousand people expected at the course
in Upper Hut over four days. There's a two day cut.
The fifteenth ranked player in the world is in the field.
(22:44):
It'll be shown on sky Sport. Terrific for Royal and
the region.
Speaker 2 (22:47):
Oh fantastic. That is some good news. Finally out of ums.
How's the weather for this tournament?
Speaker 5 (22:53):
It is good news.
Speaker 13 (22:54):
I was personally asked to take part in the prom
but it couldn't take a day's leave so declined.
Speaker 5 (22:58):
Fine.
Speaker 13 (22:59):
Whether light winds and capital mid twenties really were you?
Speaker 5 (23:02):
Yes?
Speaker 2 (23:03):
I was, yeah, just throwing it in there, but.
Speaker 13 (23:06):
As a sixteen handicap, I thought i'd embarrass myself as well.
Speaker 2 (23:09):
So do you ask for leave and they didn't give
it to you?
Speaker 13 (23:11):
Or no, No, I don't have any leave at the moment.
I'm in the negatives. So did you know I have
a trip coming up to Vancouver. I'm going to the
World Cup in June.
Speaker 2 (23:21):
Big and can we do some crosses? Can you get
a couple of days leave back? If you do? You know,
let's say you do three crosses for us. That's a
day's that's a day's annual leave back.
Speaker 13 (23:33):
But you know, if you lobby on my behalf, I
think we can get this across the line, you know,
three minute cross from the stadium. I'm probably half drunk.
I think it'll be great.
Speaker 2 (23:44):
What's different about that? I think we consider this done?
All right, done deal, It's been signed off. Thank you, Max,
Neither good morning.
Speaker 5 (23:52):
Good morning.
Speaker 14 (23:53):
The boss is ringing the phone. The phone is running
hot to Wellington weather?
Speaker 1 (23:59):
What oh did you ask?
Speaker 5 (24:01):
Oh?
Speaker 14 (24:01):
No, sorry, who cares about the Wellington.
Speaker 2 (24:06):
You weren't listening?
Speaker 12 (24:07):
Oh was I not?
Speaker 5 (24:08):
So sorry?
Speaker 2 (24:08):
The shame is on you, Yeah, it is on me.
Speaker 14 (24:10):
Apologies, apologies.
Speaker 2 (24:12):
Okay, let's talk about the boarding school thing.
Speaker 14 (24:16):
Yes, now, look, the Ministry of Educations proposing to close
Massy's Westbroach. This is Westbridge Residential School and it's over
safety in education concerns. Now, this is a boarding school
for students with extreme behavioral needs. And there's a newly
released Education Review Office report. Now it's found twenty six
assaults on staff, six on students, twenty incidents of property
(24:39):
damage in terms one and two last year. So the
report also says that the students they weren't consistently getting
the support expected. What we know now that's going on
is that consultation on the proposed closure ends next month.
The school potentially, I don't know if this is all
going to go to fruition. It's going to be shut
by July.
Speaker 2 (24:59):
High needs students and boarding school. Sounds like it's going
to be a difficult thing.
Speaker 14 (25:03):
Yeah, that's exactly what I thought. And I mean these
students are typically enrolled for between twelve to eighteen months.
So it's a really difficult one because you're quite right,
extreme behavioral you know needs.
Speaker 2 (25:13):
And we were right yesterday about the Navy woman. Did
you see that?
Speaker 5 (25:17):
Oh? Yes I did.
Speaker 2 (25:18):
I was going to text you well, I mean, we
shouldn't have talked about.
Speaker 14 (25:22):
It not guilty though, wasn't it not guilty?
Speaker 5 (25:24):
Yes?
Speaker 2 (25:24):
Yes, yes, yeah, well we should probably just leave it there.
Speaker 5 (25:27):
Yeah.
Speaker 2 (25:27):
How's our weather?
Speaker 14 (25:28):
Cloudy home twenty seven hot?
Speaker 2 (25:31):
Thank you bloody hot? Isn't it right? Mitch mccainn next
out of the US clear Matthews on this RB and
the banking inquiry? Is it needed? Is it political? Or
you know, is there more left to learn apart from
the inquiries that we've already done.
Speaker 1 (25:46):
News Talk se B International correspondence with Ends and Eye Insurance,
Peace of mind for New Zealand business.
Speaker 2 (25:53):
It is fourteen minutes away from six. A very quick
update for you on so Britney Spears. The conservatorship is
over and she's now sold her music catalog for weight
for it two hundred million US dollars. That's three hundred
and thirty million New Zealand dollars gone to Primary Wave.
That's the outfit that bought Prince's back catalog, the out
same outfit that bought Whitney Houston's back catalog. Heaps of
(26:15):
them are doing it. Bruce Springsteen, Justin Bieber, Justin Timberlake, Shakira,
They've all recently jumped on board and sold out. Springsteen
sold his back catalog to Sony. You might remember this
back in twenty twenty one for five hundred million US dollars.
There's fifteen to six. Now. Mitch McCann's our US correspondent,
and the White House has just confirmed that Netanya who
(26:37):
has arrived for a meeting with Trump to talk about Iran. Mitch,
what's the latest.
Speaker 15 (26:42):
Yeah, Well, look, this is the sixth meeting since Donald
Trump's second term started, and it comes at a really
important moment given the situation in Iran. At the moment,
Ryan Israel Seesar Run as an existential threat and it's
greatly concerned by the possibility that Iran could be rebuilding
its nuclear arsenal. Now this is happening as the United
States continues negotiations with Iran. There's this massive build up
(27:04):
of US warships and planes sitting in the Arabian Sea
threatening to bomb Iran over the killing of thousands of
protesters and because of its reported nuclear plans. So Benjamintnya
who says he's going to outline Israel's position as it
relates to these negotiations. And while Israel might like to
see the US destroy Iran's weapon making capabilities. The risk
(27:27):
here is that Iran will respond, attacking both Israel and
US military positions in the region.
Speaker 2 (27:33):
And then get absolutely smothered by the US. Presumably, Hey,
what's happening with Savannah Guthrie the newsreader and her mum Nancy.
They arrest the guy and then he's released.
Speaker 15 (27:44):
Yeah, that's right, So of course this is such a
major story here in the US at the moment, Ryan
involving the kidnapping of eighty four year old Nancy Guthrie.
She's the mother of Savannah Guthrie, who is one of
the biggest names in US television. Late last night, there
was this major development. Police detained demand questioning, leading to
anticipation they may have found someone responsible or involved in
(28:05):
this kidnapping, only to release the man a few hours later,
who then told reporters he doesn't even follow the news
and didn't really know anything about the case or who
Savannah Guthrie was. So more than ten days after this disappearance,
it seems officials still may be no closer to finding
out who took Nancy or even where she is at
the moment.
Speaker 2 (28:23):
Did they say, did police come out and say this
is why we thought it was this guy or did
they just arrest and release and we don't know why.
Speaker 15 (28:32):
We still don't know yet. They may speak for the
coming hours about this. But he was arrested at a
traffic stop. It's still very unclear why this man was
stopped at the stage.
Speaker 2 (28:41):
It seems very obvious. They have no idea who's behind
They say it looks like that.
Speaker 15 (28:46):
But they have released some areen camera footage about nine
days after the disappearance, showing a man in a mask
and wearing a large jacket. It's hard to make out
who that is, but they're hoping that might lead to
any clues as to what's happened here.
Speaker 2 (29:00):
It's a very bizarre case. Yeah, that's one way to
put it. Mitch McCann, a US correspondent Times ten to six.
Ray and Sapiers moved from the government yesterday just because
of the timing. So an inquiry into the Reserve Bank's
COVID money splash. You'll remember the ocr was slashed to
a quarter of a percent, fifty five billion dollars pumped
into the economy, and this was the Finance minister yesterday.
Speaker 16 (29:22):
The purpose of the review is to learn from experience
so that future shops can be navigated in the best
possible way. Those who don't learn the lessons of history
are doomed to repeat them.
Speaker 2 (29:35):
Claire Matthew's, associate professor, Massi University Business School, Claire, good morning,
Good Warring. It's surprised at the time. And do we
care about the timing? Is there more to learn?
Speaker 17 (29:47):
Oh, there probably is some more to learn, but the
timing does seem.
Speaker 2 (29:51):
Very odd because it's election here.
Speaker 17 (29:55):
Because it's election year, quite frankness.
Speaker 18 (29:57):
They want to get rid of the election paint.
Speaker 17 (30:00):
Just don't have it reporting before the election. Go ahead
with the review, but have it reporting December February next year.
Just don't have it reporting before the election, and that
gets rid.
Speaker 2 (30:09):
Of that problem. But it isn't so much of what
our problems are now. The genesis of them is COVID.
Speaker 17 (30:19):
Well, I guess that's something that the review will tell us.
I think it's a bit simplistic to say that all
our problems today are due to COVID. Wh're now six
years past the start of COVID. There's been a lot
of other things happen in that time. It's all going
to be combining together to influence that and as time
(30:39):
goes on, it gets very difficult to separate out what's
happening from between the different parts of it and to
be able to say what we're experiencing now is only COVID,
I think is very simplistic.
Speaker 2 (30:51):
Was listening to Michael Videll used that he was saying, look,
your Reserve Bank is supposed to take into account because
obviously the government was spending like a drunk, and say,
but the Reserve Bank is meant to take that into
account when they're setting their rates.
Speaker 5 (31:03):
Right.
Speaker 17 (31:05):
Oh, absolutely, But you've also got to remember that COVID
was unprecedented. It's not something that we had experienced at
any recent time. There was a lot of concern and
so everybody was trying to do what was seen to be.
Speaker 18 (31:19):
Best at the time.
Speaker 17 (31:20):
Now, in hindsight, it's fine to be able to say, well, actually,
maybe there.
Speaker 18 (31:24):
Are things that we can learn, so yes, potentially there is.
Speaker 17 (31:27):
Some value in there. Although the Reserve Bank has already
done a review, it's taken some lessons out of there.
How much more are we going to learn that The
timing just I'm afraid I'm in.
Speaker 18 (31:38):
The cynical camp. It's an election of the employed.
Speaker 5 (31:41):
Cleared.
Speaker 2 (31:41):
You know, there's so many things I want to argue with,
argue with you about that you just said, but I
actually can't be bothered, and I think I think probably
most people will now so far on fall into the
same camp. Like you know, we kind of know what happened.
It's time to move on. But there we go. Clear,
appreciate your time, this one in Clear Matthew's Associate Professor,
(32:02):
Massa University Business School. You're on News Talks HEEDB.
Speaker 1 (32:06):
On your radio and online on Iheard Radio early edition
with Ryan Bridge and one roof Love where you live News.
Speaker 2 (32:15):
Talks d B five away from six. I mentioned yesterday
they would have some job numbers for US today from America.
They've been worried about the health of the job market there.
They've added one hundred and thirty thousand jobs for January
and that is the strongest growth in more than a year.
So some of those concerns at least have been are
partially allayed by that. It's five away from six Bryan Bridge, Mike,
(32:36):
no doubt you'll be across that this morning and other things.
Speaker 12 (32:38):
Shut down affected. I think those numbers.
Speaker 2 (32:42):
We're still the last ones definitely were but I thought
we were true that.
Speaker 12 (32:46):
I think we're still shut down affected anyway this inquiry. Yeah,
think about it this way.
Speaker 19 (32:52):
So all the upset about oh it's political that assumes
a result, doesn't it, Because it's an ind pendent inquiry.
Speaker 12 (33:01):
So do you know the result that you were?
Speaker 5 (33:04):
Wow?
Speaker 19 (33:05):
And so that's the interesting thing. So if it's truly independent,
you can't question the integrity of the two people doing it.
So it's it's open to interpretation. So what we seem
then to all agree on that it's a gargantuan cock up.
Speaker 2 (33:20):
Of epic proportion. And Chippy knows it.
Speaker 12 (33:23):
And he knows it.
Speaker 19 (33:24):
And if you had that the same way, you're calling
it a gas tax in election year, you play you
played every guard you could.
Speaker 2 (33:32):
It is funny, and you think about what would Grant
Robertson do. He did the exact same thing. Of course
she was on the other foot.
Speaker 19 (33:38):
Can to be frank, I don't think there's I cannot
speak of the rage I hold internally over what was
done to this cantra by these clowns.
Speaker 2 (33:46):
Hey very quickly, literally in ten seconds. You gave me
stick yesterday for running on a treadmill, and I later
learned that you sit on a spin bike all afternoon
very much so you are incredible.
Speaker 12 (34:00):
Well I am. That's what I say to myself every day.
Speaker 19 (34:03):
That's what I do as I clock shake my hand,
I clock up, I clock up ten k's every day
at pace.
Speaker 8 (34:09):
Nice.
Speaker 2 (34:10):
All right, have a good show. See tomorrow everyone.
Speaker 1 (34:15):
For more from Early Edition with Ryan Bridge. Listen live
to News Talks it Be from five am weekdays, or
follow the podcast on iHeartRadio.
The issues, the interviews and the inside. Ryan Bridge, on
an earlier issue with one roof love where you Live,
News Talk said.
Speaker 2 (00:10):
Good morning, just gone six, half to five. Great to
have your company. We'll look at this COVID inquiry before
six o'clock. Mitch mccannon's stateside for us, why we need
cheaper beer? The Aussies are doing it, so why shouldn't we?
And how long are you holding on to your house?
The agenda is that the top of February, one of
Canada's deadliest mass shootings. They reckon a disaster over there.
Speaker 1 (00:31):
This is the kind of thing that feels like it
happens in other places an close to home.
Speaker 2 (00:36):
Some of the deaths happened at a school, some of
them happened at a house. They're not entirely sure or
convinced that they are actually connected.
Speaker 3 (00:44):
Well, we have two scenes. We have the school and
then we have found two other persons deceased at our
residence and tumbler Ridge that we're trying to determine the
connection to this event. We believe they're connected, but we're
not in a position to provide.
Speaker 2 (00:58):
That open The yew is thet we've been following. Nancy Guthrie,
poor woman eighty four years old. The newsreader's mum kidnapped
in the middle of the night, so they rased the guy.
They released the guy, so still no answers and still
looking at that creepy surveillance image of presumably another guy
to the one they rested.
Speaker 4 (01:17):
Well, it is a potential breakthrough for investigators in this case.
Pictures have been released by the FBI and they show
an maass an armed individual. This is the FBI's statement.
Who appears to have been tampering with the doorbell camera in.
Speaker 2 (01:33):
A master Isn't he how to identify?
Speaker 5 (01:35):
Right?
Speaker 2 (01:36):
Finally, Nityahu Trump meeting today on Iran in Washington.
Speaker 6 (01:39):
I think that he would pressure the president, who has
some isolationist tendencies, to go with maximalist demands and basically
force Iranians to give up on the missile program, which
is quite a threat to the Israelis.
Speaker 1 (01:55):
Views and views you trust. To start your day, It's
earlier this ship with Bryan Bridge and one Roofe Love
where you Live news talks had been.
Speaker 2 (02:05):
Nine two is the number to text a Thursday, the
twelfth of February. Great to have your company and the
story of the day. The one to watch that I
reckon is Wellington and the pipes. I know, I got
boring for a while and it'd say, yeah, okay, we
get it, the pipes are broken. But it's going to
get juicy again now because there's this blog post that's
came out a couple of days ago and now there's
stories coming out about it. It's it's a council meeting
(02:28):
from a couple of years back, twenty twenty one, a
long term plan decision meeting at Wellington City Council starring
none other than Tamotha Paul. Now Tamatha Paul is now
a Green Empeace. She used to be on the council
in Wellington and at this meeting they pushed through and
it's i'll tell you why this is interesting or significant
(02:49):
in a second. But they had a plan to fund
a bunch of money for some cycle ways. You know
they love a bike, the Greens. It was a one
hundred and twenty one million bucks or something. Anyway, she
puts forward this motion says no, no, no, let's double it.
Let's go for two hundred and twenty six million dollars,
and the troops were rallied.
Speaker 7 (03:07):
What I will say is that this is a decade
of investment and this is the key thing that we
will do in the next ten years to do the
most that we can to reduce our climate emissions. It
will not be easy. We will need to take out
hundreds of car parks. But I stood for council to
make transformational bold change.
Speaker 2 (03:25):
Right, transformational bold change. Did that include stuffing the pipes?
Because this is the other thing now that's been written
people saying, well, actually, what they also did was cut
or go for a reduced amount of funding on the pipes,
on the wastewater renewals. There was an option to fund
more and they voted against it. Now since then, it's
(03:45):
all getting very cloak and dagger. Since then, apparently there's
been a private little meeting between Andrew Little, who's told
in one of his counselors shut up in the media
about this because you're not getting things right. You've also
at the same time Tamitha Paul herself coming out and saying,
you guys are financially illiterate, because that's not how counsel works.
(04:09):
They're saying. She's come out and said, with you could
make the same argument about funding we did for the
library for example, or same argument about funding we did
for housing for example, or same argument about funding we
did for public transport for example. Well I'm sorry, but
the difference here is you don't need cycle ways, do you?
(04:31):
Is that core council business? And she didn't deny the
thrust of the claim, did she in her response. So
that's one to watch this morning for endlessly fascinating. As
you eat your breakfast and what you eat for breakfast
literally ends up in the waves. At Lyle Bay five
to eleven News Talk CB, we'll talk about your house
(04:52):
prices and how long that means you hold on to them.
Speaker 1 (04:54):
Next, the News you Need this morning and the in
depth analysis early edition with Ryan Bridge and one Roote
Love where you Live News Talks.
Speaker 2 (05:05):
That'd been all great news. Thirteen after five on the
ocr front this morning. This time it's from Westpac. Yesterday
I told you that they were the economists were predicting it.
B and Z was saying, Oh, we think they'll go
up in September. The rates will start going up again
because we've got a meeting next week where they're going
to hold But what happens after that's the more interesting part.
And what they say about what's going to happen after
(05:26):
that is the really interesting part. And if they say nothing,
does that also speak volumes? You're really reading the tea
leaves here.
Speaker 5 (05:33):
Anyway.
Speaker 2 (05:34):
Westpac has been doing a bit of that. The economist
there reckon we will have six hikes to the OCR
during next year because we've got excess capacity in the economy.
It's going to be swallowed up more quickly than they
had expected. So they reckon that the Reserve Bank's going
to have to step in six times next year. By
the end of next year, the OCR. I remember, it's
two point twenty five percent right now. The OCR, they reckon,
(05:56):
will hit four percent. Ryan Bridge fourteen after five, I
have homeowners holding on to their properties for the longest
period on record. Properties resold for a gain had been
held on to for a median of ten point one years,
while those resold at a loss had been owned for
just under four years. Calvin Davidson, Catality, chief Property economists
(06:16):
with us this morning. Hey Calvin, good morning, So how
does that compare?
Speaker 8 (06:22):
Well, Yeah, it's the highest I've got on records, So
I think just consistent with the pretty flat housing market.
If people are looking to get some kind of game.
I guess they've just got to hang on for longer
than in the past. And it really is quite a
stark trend. And I think the contrast there between the
whole periods for gains and the whole period for losses
(06:43):
is a really interesting thing, because if you hang on
to ten years, for seeing twenty years, very likely you're
make a profit. But of course if you've only held
on three or four years and face gained circumstances or
something like that, much higher chance of making it loss,
particularly in this current market over the last three or
four years, with values are still down. So quite a
stark difference there between whole periods for losses and games.
Speaker 2 (07:05):
Basically, if you don't have to well you don't want
to have to sell, do you. And maybe were people
are staying together in relationships, they otherwise wouldn't just just
to hold on to their properties and keep their values.
Speaker 8 (07:17):
Well possibly, yeah, well our data doesn't tell us about
our relational issues, but yeah, we can certainly see that
difference there between between whole periods. And I mean, in
any market, there's always a greater chance of making a
loss if if your whole period's pretty short you probably
didn't intend to hold for a short period of time,
but things change. But it's just emphasized in this current
(07:39):
market because the house prices are still down eight aener
cent in the peak, So that last three or four
years has been really tough time to hold for a
short period.
Speaker 2 (07:48):
Is that an understandable but ultimately dumb psychological move that
we do that, because then we when we sell, presumably
we're selling into a higher market and buying more for
the next one.
Speaker 8 (07:57):
Anyway, you know, there is always that old shay of
doesn't really matter if you buy and sell in the
same market, but it doesn't necessarily hold true at the moment,
because yes, if you say you're a first home buyer
in twenty twenty one, at the top of the market,
you've paid top dollar, you're now sitting on a property
potentially depending on where you are in the country, not everywhere,
(08:17):
but if you're sitting on a property in Auckland, you
might still be down twenty five percent. So it does
very across the country, and there is that cliche of
the say, but certainly a tough time at the moment
to be buying and selling in a short period of time.
Speaker 2 (08:33):
It sounds like it too, Kelvin. Appreciate your update this morning.
Calvin Davidson, Catality Chief Property Economists with US. It's sixteen
after five. Next, the ausies have made a change to
their bear excise regulations and I'm interested to hear that
how they're going to plan to do this in New Zealand.
I mean not that they are, but there are calls
for them to do it in New Zealand. It it
(08:54):
sounds very complicated to me, but we'll see if they
can explain that to us. Next, News Talks ever been.
Speaker 1 (09:00):
The first word on the news of the day Early
Eddiship with Ryan Bridge and one Roote Love where you live.
Speaker 2 (09:07):
News Talks, that'd be it is nineteen minutes after five.
You know how when you go on social media and
the social media companies just seem like this massive behemoth
that live in the ether and you'll never get hold
of them, and they'll never email you back, and you
complain about something and they just do not care. Talk
to the hand. That's what Facebook says to you. Well,
India's doing something about it. So they've just introduced new
(09:30):
laws over there. They're going to make it mandatory for
social media companies to remove unlawful content within three hours
of so soon as you tell them and give them
a tap on the shoulder and say this is illegal
content or this is something's wrong with this. As soon
as you notify them, they have three hours to do
something about it. And bredge Brig Australia's just frozen draft
(09:52):
bear excise to relieve some pressure on local pubs and
Keewi brewers here are calling for the same to be done.
Our excise tax rises all dramatically every year, as you
know if you go to the pub, Well, beer consumption
has fallen to the lowest level on record. Tim Ward
from Abandoned Breweries with me this morning.
Speaker 5 (10:08):
Hey Tim, how are you doing? Ryan?
Speaker 2 (10:10):
Yeah, really good, thank you. So what can you explain
to us what the Aussies have done?
Speaker 9 (10:15):
Yeah, what the Aussies have done is they've put a
freeze on excise tacks as you said, to put give
relief to breweries. But they've actually gone a step further
and they've frozen up to fifty thousand liters for crafts breweries.
Speaker 2 (10:30):
And so how much are they saving?
Speaker 9 (10:34):
What's roughly twenty percent of the retail price that you've
seen on shelves. So if you're purchasing the product, and
craft beers in a four to forty more can send
at around say ten dollars or twelve dollars, that's twenty
percent of that is going straight into the government's coffers.
Speaker 2 (10:51):
Is this twenty percent, sorry, just craft bear that we're
talking about here, or all beer.
Speaker 9 (10:56):
We're talking about all beer. But what the Australi aliens
did some time ago is they provided release directly to
craft brewers, really to give the small guys an opportunity
to survive. It's not really a level playing field when
you've got you've got large companies with huge efficiencies able
(11:17):
to produce product and mass and then sell it at
a very very low price, competing with small businesses which
have got much higher costs and smaller volumes.
Speaker 2 (11:28):
How do you separate out who's big who's small? And
is the excise not just on alcohol rather than beer
or wine or anything specific x.
Speaker 9 (11:39):
Those taxes alcohol by volume? I think the bigger question
is what is the excise tax trying to achieve? And
essentially it's an offset to the cost of alcohol harm
and discourage consumption, and in my opinion, it's a very
blunt instrument. There are several other ways to reduce alcohol
harm that could be more successful. What well, there was
(12:02):
a recommendation in twenty twelve and the last sellar Licor
Act which was ignored, and that's to split the drinking
age between off premise and on premise. Essentially, off premise
would go up to twenty and on premise would stay
at eighteen. The sery there is that bars and restaurants
are highly regulated environments where start are on hand at
(12:26):
all times to check alcohol consumption and individuals, whereas it
an off premise, an eighteen year old could walk in
still in school in school uniform and their connectivity with
somebody who's much younger is still there because of their
school relationship, whereas a twenty year old is much less
(12:47):
likely to buy alcohol.
Speaker 2 (12:48):
For a young person, tim is this actually an argument
that's a little bit redundant Now? Young people aren't drinking
anywhere near as much as we used to when we
were younger, and they're not buying as much alcohol. That's
your real problem.
Speaker 9 (13:01):
And that probably plays into why it's such a blunt instrument.
These days. Young people are aren't drinking as much alcohol,
and the excise tax is really just a massive revenue
collection for the government that's too too, too great for
them to ignore.
Speaker 2 (13:18):
So you actually, what you're saying is they are responsible
enough to handle cheaper booze.
Speaker 9 (13:25):
No, what I'm saying, like the other thing that would
help with alcohol hammers and was recommended in twenty twelve
and a Law Commission report was a minimum drink pricing
so that big liquor couldn't gain the efficiencies. They had
to set a minimum unit price for alcohol. Let's say retailers,
(13:47):
not the big liquors, had to set a minimum drinks price,
and that would just reduce accessibility to larger quantities to
the consent, I'm on.
Speaker 2 (13:57):
Board with what you're saying, and God, I'd love to
for booz cheap of bear at the pub and craft
bear in particular would be lovely. But then what about
any other industry where you have big players who have
economies of scale, who can make stuff cheaper versus your
smaller guys I mean pack an industry, and you'll find
the same problem.
Speaker 9 (14:16):
I don't think you're ever going to get cheaper bus.
Speaker 2 (14:18):
I think the.
Speaker 9 (14:20):
Freezing of the excise tax or a concession for artisan
businesses is going to go straight to the back pockets
of those small businesses. The price is going to stay
relatively the same for the consumer. Small businesses craft worries
have struggle for years and they're unable to pass on
discounts that they might get from suppliers or from a
(14:43):
drop in the excise tax or a freezing exiit.
Speaker 2 (14:45):
Gotcha, Yeah, yeah, no, got you. Tim. Appreciate your update
this morning. Thank you, Good luck with the mission. Tim Ward,
founder and director at Abandoned Brewery. Its twenty five after five.
We'll talk about another terrible case, yes today, a historical
one of child abuse and child neglect in New Zealand
and another minister being chased through the halls of Parliament.
(15:07):
Really is this going to get us anywhere? We'll talk
about that next, and we're to Mitch McCann after News
at five point thirty Newstalks EDB, the early.
Speaker 1 (15:16):
Edition full show podcast on iHeartRadio powered by News Talks AB.
Speaker 2 (15:21):
News Talks hed B five twenty seven. The brutal death
of that poor wee boy, Malachi Subec is a disgrace.
No one will argue with that. It was basically torture.
Horrible stuff, and now we have these debates popping up
about it back in the news another report being done.
Should the minister front for interviews that was the focus
of an article yesterday. Karen Shaw, herself a product of
(15:43):
the foster care system, criticized, didn't attend or didn't do
any interviews. Apparently yesterday during the day she was busy
attended a pre planned lunch event to eat some lamb
on Parliament's lawn. Criticized for this, she should have, according
to this irn Z story, presumably been inside answering questions
about why more wasn't being done about this boy's murder,
(16:05):
which you might recall was back in twenty twenty one.
Calvin Davis, you may recall, also came in for a
hammering from the media when he was the minister. So
I think we should all be really clear at the outset.
Neither Karen nor Calvin nor any politician is responsible for
the deaths of babies. The fact we have no culprit
(16:25):
for the death of baby ru in the hut is
you could say the fault of the police. But ultimately,
as with all of these cases, fault lies with those
who do the killing and those who do the covering up.
You know, the family who don't speak to police, the
partner who won't dob in their other half, the other
real culprits here. Yes, there are things we can learn,
(16:45):
things we can do, things that can change. We can
change the name of an agency. God We've done that
enough times. We can add a red flag system here,
we can appoint a children's commissioner there. But ultimately, does
any of it do any good? Average around ten or
eleven kids killed by homicide every year in New Zealand.
Ask ot or sits before them, and they'll tell you
(17:07):
that reports of abuse seem to be trending down, but
they have a new thing called reports of concern. They
are going up. We actually don't know for certain if
this is getting better or worse, because there's apparently a
data lag. I know it's an incredible thing to have
a data lag on, but here we are. You would
have to say, though, on the whole the picture is
not rosy and no amount of stalking MPs around Parliament
(17:30):
is going to fix it. Any fix surely has to
be in the home.
Speaker 1 (17:39):
Get ahead of the headlines on early edition with Ryan
Bridge and one roof Love Where you live used talks at.
Speaker 5 (17:47):
Me pretty far away from Sex News.
Speaker 2 (18:03):
Talk on your Thursday morning. Great to have your company clear.
Speaker 5 (18:06):
Matthews.
Speaker 2 (18:07):
You know the banking expert. We used her quite a
lot because she's good, and she's going to talk to
us about the COVID inquiry that's coming for the RBNZ
and potentially coming for labor too. I guess that's the
point of it. John has checked in Ryan. I think
the inquiry is a cunning election ployee. We can prove
this by the extra high pitched wine coming from Hipkins,
who still hasn't gotten around to apologizing for anything COVID related. John,
(18:30):
did you see him on the news last night. I
nearly choked on my steaken chips. I wasn't having staken chips.
I was having chicken and broccoli. But there we go,
trying to sound cool, relatable. So he's One of the
grabs that he did on the tiles yesterday was Ah,
(18:50):
this will just bring out all this is the COVID conspiracy. Theorist,
bro do not start with that. It's not a conspiracy.
Like it happened. Okay, COVID happened, the response happened, the
money printing happened, the government borrowing happened. There's no conspiracy
(19:12):
about that. What's the harm in asking what harm it did?
Ryan Bridge, twenty three minutes away from six. Also, I'll
tell you, Brittany, So I've just been given a piece
of paper. Mackenzie's given me a piece of paper that
tells us Britney Spears. You know how she went do
lally and then came back and the conservatorship and they
put her back in charge of her own money. Well
(19:32):
she's gone and sold her entire music catalog. This is
according to the BBC, you know. And people are going, gosh,
is she in a state to sell it? And how
much did she get? I'll tell you that in a
second too. But first we'll go to our reporters around
the country and we'll go to Mitch McCann Stateside. Shortly
Collum Proctor is with us in Dneed and Collen good
morning morning, right, So fireworks display for New Year's EVAs
(19:54):
back on.
Speaker 10 (19:56):
Yeah, the council here looking at at bringing it back
for an enterprise to Need and here recently surveyed the
public Ryan after last year's event, events egauge whether it
meets community expectations, and it clearly didn't. The majority of
respondents expressing overall dissatisfaction, many describing the display as anti climactic,
(20:16):
unclear or ending abruptly. There were no fireworks. Dunedin in fact,
hasn't run a New Year's Eve pyrotechnics display since welcoming
in twenty twenty one, and there are calls for that
to return. Our Maya, Sophie Barker, wants something magical to
happen at midnight. She's told us. Fireworks displays, though, started
a cost of around forty thousand dollars, which is a
challenge for them when residents want the council to be
(20:39):
fiscally responsible. Councilors will consider that in a meeting today.
Speaker 2 (20:44):
All right, how's your weather? A fine day for us?
Nor easterly is twenty three cheers Callen, Thank you, Claire
and christch morning, Claire, good morning. Porterloo's are being distributed
to help the homeless.
Speaker 11 (20:56):
Yeah, We've got Christier at City Council paying to put
Porterloo's in the red zone on the eastern side of
the city in order to cope with a growing homelessness problem.
The facilities have been in place now for several months.
Following some complaints about people who were using the public
spaces for toileting. The move comes as our Council is
discussing the council's role in housing and homelessness and developing
(21:19):
a homelessness strategy. Christchurch East MP Reuben Davidson says the
issue is not going away and now people are popping
up where they haven't been seen before. He says, the
reality is people need homes, not just portaloose.
Speaker 2 (21:32):
And are they using the portal loose like the instances
of the musing out the grass are going down? Do
we know?
Speaker 11 (21:39):
Yes, yes, that's reducing So it's a good thing and
the thing in terms of the problem. The question is
whether we should be paying for that at the ambulance
at bottom of the cliff or whether we need help
earlier in the process.
Speaker 2 (21:49):
Yeah, good point. How's your weather morning?
Speaker 11 (21:51):
Cloud should clear to find today northeasterly is picking up
a bit later and a high twenty two.
Speaker 2 (21:55):
You have a great day, clear morning, Max.
Speaker 12 (21:58):
Morning.
Speaker 2 (21:58):
You got a golf tournament teeing off in the case.
Speaker 13 (22:00):
Yeah, this is the Women's Amateur Asia Pacific Championship which
tees off this morning at Royal Wellington. And as we've
been reporting, I think the headline act in this eighty
three strong field is unquestionably a thirteen year old Wellington
student named Elise Barber who plays off a plus two.
She's a skipping school today at Queen Margaret College to
take part.
Speaker 2 (22:21):
Took up golf at the age of six, could not
hit it as.
Speaker 13 (22:23):
Far as other girls at times, so really fine tuned
her short game. She's a bit of a wizard around
the greens. And the winner gets the incredible prize of
being able to compete at three of this year's women's majors,
including the Open. Ten thousand people expected at the course
in Upper Hut over four days. There's a two day cut.
The fifteenth ranked player in the world is in the field.
(22:44):
It'll be shown on sky Sport. Terrific for Royal and
the region.
Speaker 2 (22:47):
Oh fantastic. That is some good news. Finally out of ums.
How's the weather for this tournament?
Speaker 5 (22:53):
It is good news.
Speaker 13 (22:54):
I was personally asked to take part in the prom
but it couldn't take a day's leave so declined.
Speaker 5 (22:58):
Fine.
Speaker 13 (22:59):
Whether light winds and capital mid twenties really were you?
Speaker 5 (23:02):
Yes?
Speaker 2 (23:03):
I was, yeah, just throwing it in there, but.
Speaker 13 (23:06):
As a sixteen handicap, I thought i'd embarrass myself as well.
Speaker 2 (23:09):
So do you ask for leave and they didn't give
it to you?
Speaker 13 (23:11):
Or no, No, I don't have any leave at the moment.
I'm in the negatives. So did you know I have
a trip coming up to Vancouver. I'm going to the
World Cup in June.
Speaker 2 (23:21):
Big and can we do some crosses? Can you get
a couple of days leave back? If you do? You know,
let's say you do three crosses for us. That's a
day's that's a day's annual leave back.
Speaker 13 (23:33):
But you know, if you lobby on my behalf, I
think we can get this across the line, you know,
three minute cross from the stadium. I'm probably half drunk.
I think it'll be great.
Speaker 2 (23:44):
What's different about that? I think we consider this done?
All right, done deal, It's been signed off. Thank you, Max,
Neither good morning.
Speaker 5 (23:52):
Good morning.
Speaker 14 (23:53):
The boss is ringing the phone. The phone is running
hot to Wellington weather?
Speaker 1 (23:59):
What oh did you ask?
Speaker 5 (24:01):
Oh?
Speaker 14 (24:01):
No, sorry, who cares about the Wellington.
Speaker 2 (24:06):
You weren't listening?
Speaker 12 (24:07):
Oh was I not?
Speaker 5 (24:08):
So sorry?
Speaker 2 (24:08):
The shame is on you, Yeah, it is on me.
Speaker 14 (24:10):
Apologies, apologies.
Speaker 2 (24:12):
Okay, let's talk about the boarding school thing.
Speaker 14 (24:16):
Yes, now, look, the Ministry of Educations proposing to close
Massy's Westbroach. This is Westbridge Residential School and it's over
safety in education concerns. Now, this is a boarding school
for students with extreme behavioral needs. And there's a newly
released Education Review Office report. Now it's found twenty six
assaults on staff, six on students, twenty incidents of property
(24:39):
damage in terms one and two last year. So the
report also says that the students they weren't consistently getting
the support expected. What we know now that's going on
is that consultation on the proposed closure ends next month.
The school potentially, I don't know if this is all
going to go to fruition. It's going to be shut
by July.
Speaker 2 (24:59):
High needs students and boarding school. Sounds like it's going
to be a difficult thing.
Speaker 14 (25:03):
Yeah, that's exactly what I thought. And I mean these
students are typically enrolled for between twelve to eighteen months.
So it's a really difficult one because you're quite right,
extreme behavioral you know needs.
Speaker 2 (25:13):
And we were right yesterday about the Navy woman. Did
you see that?
Speaker 5 (25:17):
Oh? Yes I did.
Speaker 2 (25:18):
I was going to text you well, I mean, we
shouldn't have talked about.
Speaker 14 (25:22):
It not guilty though, wasn't it not guilty?
Speaker 5 (25:24):
Yes?
Speaker 2 (25:24):
Yes, yes, yeah, well we should probably just leave it there.
Speaker 5 (25:27):
Yeah.
Speaker 2 (25:27):
How's our weather?
Speaker 14 (25:28):
Cloudy home twenty seven hot?
Speaker 2 (25:31):
Thank you bloody hot? Isn't it right? Mitch mccainn next
out of the US clear Matthews on this RB and
the banking inquiry? Is it needed? Is it political? Or
you know, is there more left to learn apart from
the inquiries that we've already done.
Speaker 1 (25:46):
News Talk se B International correspondence with Ends and Eye Insurance,
Peace of mind for New Zealand business.
Speaker 2 (25:53):
It is fourteen minutes away from six. A very quick
update for you on so Britney Spears. The conservatorship is
over and she's now sold her music catalog for weight
for it two hundred million US dollars. That's three hundred
and thirty million New Zealand dollars gone to Primary Wave.
That's the outfit that bought Prince's back catalog, the out
same outfit that bought Whitney Houston's back catalog. Heaps of
(26:15):
them are doing it. Bruce Springsteen, Justin Bieber, Justin Timberlake, Shakira,
They've all recently jumped on board and sold out. Springsteen
sold his back catalog to Sony. You might remember this
back in twenty twenty one for five hundred million US dollars.
There's fifteen to six. Now. Mitch McCann's our US correspondent,
and the White House has just confirmed that Netanya who
(26:37):
has arrived for a meeting with Trump to talk about Iran. Mitch,
what's the latest.
Speaker 15 (26:42):
Yeah, Well, look, this is the sixth meeting since Donald
Trump's second term started, and it comes at a really
important moment given the situation in Iran. At the moment,
Ryan Israel Seesar Run as an existential threat and it's
greatly concerned by the possibility that Iran could be rebuilding
its nuclear arsenal. Now this is happening as the United
States continues negotiations with Iran. There's this massive build up
(27:04):
of US warships and planes sitting in the Arabian Sea
threatening to bomb Iran over the killing of thousands of
protesters and because of its reported nuclear plans. So Benjamintnya
who says he's going to outline Israel's position as it
relates to these negotiations. And while Israel might like to
see the US destroy Iran's weapon making capabilities. The risk
(27:27):
here is that Iran will respond, attacking both Israel and
US military positions in the region.
Speaker 2 (27:33):
And then get absolutely smothered by the US. Presumably, Hey,
what's happening with Savannah Guthrie the newsreader and her mum Nancy.
They arrest the guy and then he's released.
Speaker 15 (27:44):
Yeah, that's right, So of course this is such a
major story here in the US at the moment, Ryan
involving the kidnapping of eighty four year old Nancy Guthrie.
She's the mother of Savannah Guthrie, who is one of
the biggest names in US television. Late last night, there
was this major development. Police detained demand questioning, leading to
anticipation they may have found someone responsible or involved in
(28:05):
this kidnapping, only to release the man a few hours later,
who then told reporters he doesn't even follow the news
and didn't really know anything about the case or who
Savannah Guthrie was. So more than ten days after this disappearance,
it seems officials still may be no closer to finding
out who took Nancy or even where she is at
the moment.
Speaker 2 (28:23):
Did they say, did police come out and say this
is why we thought it was this guy or did
they just arrest and release and we don't know why.
Speaker 15 (28:32):
We still don't know yet. They may speak for the
coming hours about this. But he was arrested at a
traffic stop. It's still very unclear why this man was
stopped at the stage.
Speaker 2 (28:41):
It seems very obvious. They have no idea who's behind
They say it looks like that.
Speaker 15 (28:46):
But they have released some areen camera footage about nine
days after the disappearance, showing a man in a mask
and wearing a large jacket. It's hard to make out
who that is, but they're hoping that might lead to
any clues as to what's happened here.
Speaker 2 (29:00):
It's a very bizarre case. Yeah, that's one way to
put it. Mitch McCann, a US correspondent Times ten to six.
Ray and Sapiers moved from the government yesterday just because
of the timing. So an inquiry into the Reserve Bank's
COVID money splash. You'll remember the ocr was slashed to
a quarter of a percent, fifty five billion dollars pumped
into the economy, and this was the Finance minister yesterday.
Speaker 16 (29:22):
The purpose of the review is to learn from experience
so that future shops can be navigated in the best
possible way. Those who don't learn the lessons of history
are doomed to repeat them.
Speaker 2 (29:35):
Claire Matthew's, associate professor, Massi University Business School, Claire, good morning,
Good Warring. It's surprised at the time. And do we
care about the timing? Is there more to learn?
Speaker 17 (29:47):
Oh, there probably is some more to learn, but the
timing does seem.
Speaker 2 (29:51):
Very odd because it's election here.
Speaker 17 (29:55):
Because it's election year, quite frankness.
Speaker 18 (29:57):
They want to get rid of the election paint.
Speaker 17 (30:00):
Just don't have it reporting before the election. Go ahead
with the review, but have it reporting December February next year.
Just don't have it reporting before the election, and that
gets rid.
Speaker 2 (30:09):
Of that problem. But it isn't so much of what
our problems are now. The genesis of them is COVID.
Speaker 17 (30:19):
Well, I guess that's something that the review will tell us.
I think it's a bit simplistic to say that all
our problems today are due to COVID. Wh're now six
years past the start of COVID. There's been a lot
of other things happen in that time. It's all going
to be combining together to influence that and as time
(30:39):
goes on, it gets very difficult to separate out what's
happening from between the different parts of it and to
be able to say what we're experiencing now is only COVID,
I think is very simplistic.
Speaker 2 (30:51):
Was listening to Michael Videll used that he was saying, look,
your Reserve Bank is supposed to take into account because
obviously the government was spending like a drunk, and say,
but the Reserve Bank is meant to take that into
account when they're setting their rates.
Speaker 5 (31:03):
Right.
Speaker 17 (31:05):
Oh, absolutely, But you've also got to remember that COVID
was unprecedented. It's not something that we had experienced at
any recent time. There was a lot of concern and
so everybody was trying to do what was seen to be.
Speaker 18 (31:19):
Best at the time.
Speaker 17 (31:20):
Now, in hindsight, it's fine to be able to say, well, actually,
maybe there.
Speaker 18 (31:24):
Are things that we can learn, so yes, potentially there is.
Speaker 17 (31:27):
Some value in there. Although the Reserve Bank has already
done a review, it's taken some lessons out of there.
How much more are we going to learn that The
timing just I'm afraid I'm in.
Speaker 18 (31:38):
The cynical camp. It's an election of the employed.
Speaker 5 (31:41):
Cleared.
Speaker 2 (31:41):
You know, there's so many things I want to argue with,
argue with you about that you just said, but I
actually can't be bothered, and I think I think probably
most people will now so far on fall into the
same camp. Like you know, we kind of know what happened.
It's time to move on. But there we go. Clear,
appreciate your time, this one in Clear Matthew's Associate Professor,
(32:02):
Massa University Business School. You're on News Talks HEEDB.
Speaker 1 (32:06):
On your radio and online on Iheard Radio early edition
with Ryan Bridge and one roof Love where you live News.
Speaker 2 (32:15):
Talks d B five away from six. I mentioned yesterday
they would have some job numbers for US today from America.
They've been worried about the health of the job market there.
They've added one hundred and thirty thousand jobs for January
and that is the strongest growth in more than a year.
So some of those concerns at least have been are
partially allayed by that. It's five away from six Bryan Bridge, Mike,
(32:36):
no doubt you'll be across that this morning and other things.
Speaker 12 (32:38):
Shut down affected. I think those numbers.
Speaker 2 (32:42):
We're still the last ones definitely were but I thought
we were true that.
Speaker 12 (32:46):
I think we're still shut down affected anyway this inquiry. Yeah,
think about it this way.
Speaker 19 (32:52):
So all the upset about oh it's political that assumes
a result, doesn't it, Because it's an ind pendent inquiry.
Speaker 12 (33:01):
So do you know the result that you were?
Speaker 5 (33:04):
Wow?
Speaker 19 (33:05):
And so that's the interesting thing. So if it's truly independent,
you can't question the integrity of the two people doing it.
So it's it's open to interpretation. So what we seem
then to all agree on that it's a gargantuan cock up.
Speaker 2 (33:20):
Of epic proportion. And Chippy knows it.
Speaker 12 (33:23):
And he knows it.
Speaker 19 (33:24):
And if you had that the same way, you're calling
it a gas tax in election year, you play you
played every guard you could.
Speaker 2 (33:32):
It is funny, and you think about what would Grant
Robertson do. He did the exact same thing. Of course
she was on the other foot.
Speaker 19 (33:38):
Can to be frank, I don't think there's I cannot
speak of the rage I hold internally over what was
done to this cantra by these clowns.
Speaker 2 (33:46):
Hey very quickly, literally in ten seconds. You gave me
stick yesterday for running on a treadmill, and I later
learned that you sit on a spin bike all afternoon
very much so you are incredible.
Speaker 12 (34:00):
Well I am. That's what I say to myself every day.
Speaker 19 (34:03):
That's what I do as I clock shake my hand,
I clock up, I clock up ten k's every day
at pace.
Speaker 8 (34:09):
Nice.
Speaker 2 (34:10):
All right, have a good show. See tomorrow everyone.
Speaker 1 (34:15):
For more from Early Edition with Ryan Bridge. Listen live
to News Talks it Be from five am weekdays, or
follow the podcast on iHeartRadio.
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