May 13, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Wednesday 14th of April 2025, The government's looking at changes to the Kiwisaver scheme, Kiwisaver and Superfund expert Jonathan Eriksen shares his thoughts.
Half of New Zealanders were the target of online scam and fraud last year National Cyber Security Centre's Director of Mission Enablement Mike Jagusch tells Ryan Bridge what to look out for.
Meridian has bought Flicks, Chief Customer Officer Lisa Hannifin tells Ryan what this will mean for the energy sector.
Plus Uk Correspondent Gavin Grey has the latest on A man who has served 38 years in a UK prison for the murder of a woman having his conviction quashed by the Court of Appeal after new DNA evidence emerged.
Get the Early Edition Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.
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Speaker 1 (00:01):
The issues, these reviews and the inside. Ryan Bridge on
early edition with one roof Make your Property search Simple.
Speaker 2 (00:11):
News Talks.
Speaker 3 (00:11):
Ed B.
Speaker 2 (00:12):
Good morning, it is six after five News Talks. Hebe
coming up. We'll talk superannuation, the fact that we're going
to start pulling money out of the super fund. But
don't worry, it won't shrink. That's what we're told. That's
just before six this morning. Gavin Graham, the UK Zelenski's
basically going to Turkey to sit in a seat and
wait for Putin to turn up in the hope that
he does. D One will be there too. Gavin Gray
(00:34):
with us at quarter to six this morning. We'll get
to our reporters around the country. Plus we'll talk to
him a Ridian about buying Flick and there's something else
I wanted to talk to you about. Oh did he
Goodness me, the trial is getting weird. More on that
in a sec News Talks. HEB.
Speaker 1 (00:53):
The agenda.
Speaker 2 (00:54):
It is Wednesday. Thefording to the mad Trumps tour of
the Middle East kicks off with an arms deal with
the Saadi's two hundred and forty billion New Zealand dollars worth.
It's a weapons for AI swap.
Speaker 4 (01:05):
The usory relationship has been a bedrug pubsecurity and prosperity.
Today read reaffirm this important bond, and we take the
next steps to make our relationship closer, stronger, and more
powerful than ever before.
Speaker 2 (01:22):
Also comments on a run and Syria. I'll get to
that in a second. Kim Kardashi and giving evidence in
Paris over the gunpoint robbery.
Speaker 5 (01:30):
Now, at one point she broke down in tears inside
that quarry. She said, they put the gun to my back.
And that's the first moment when I thought, should I
run for it down the stairs? But it wasn't a
good option, so I stayed and I realized I should
probably do whatever they say.
Speaker 2 (01:48):
Now to New York, Diddy's ex girlfriend in his six
trafficking trial says six and drug parties lasted up to
four days. They were called freak coughs. Apparently they apparently
they were brutal. Now, yesterday the court heard from Daniel Phillip.
He's a former manager of male strippers.
Speaker 6 (02:08):
He heard what he.
Speaker 7 (02:09):
Believed was an assault of Holmes beating Ventura, but he
did return to see.
Speaker 8 (02:15):
The couple again. After those interactions.
Speaker 7 (02:17):
Some of the graphic details that even Holmes's children's had
to get up and leave.
Speaker 2 (02:21):
The courtroom for it is eight after five.
Speaker 1 (02:26):
Get ahead of the headlines on early edition with Ryan
Bridge and one roof Make Your Property Search Simple News
Talk said be we.
Speaker 2 (02:35):
Talked about Flick Electric yesterday and this now had the
news confirmed that Meriadian is basically swallowing up Flicks. So
we'll have Meriadian on the program at twenty past five
this morning. A few questions for them about what that
means for your power prices. Now, this pay parity debate
thing is not going away. Actually, I was talking to
a friend of mine yesterday who's a woman who doesn't
(02:57):
have children, and which I was saying, you know, you
don't do too bad money wise, and people will say
I'm man explaining whatever. I don't really care. I'm just
we're just having a conversation. And I looked it up.
There's some studies that have been done, one out of
Princeton that says women tend to take lower paid but
(03:17):
more flexible roles after their first child, and that affects
their pay and their career prospects. Laid down the track
that actually childless women tend to earn around the same
as men. This is not me saying that this is
a study. All right, calm down, but you know it
is it a gender issue? Are their gender issues? I'm
(03:38):
sure there are, But is the child bearing and rearing
issue actually a bigger one potentially when it comes to pay.
I don't know anyway, whatever whatever that's going on, this
issue is not going to go away. It's just not
before the election and Labor will make sure of that.
The problem I think for the government, and this is
what was in the House the other day, was watching
Chloe Swarbrook, who so actually I think made a good
(04:01):
point that just weeks after the budget, all MPs, including
the cabinet, including the Prime Minister, are going to get
what pay rise seven hundred thousand dollars worth of extra
pay this year one point two four million dollars next year.
Now like it all though that politics is about perception
(04:23):
and this is an independent body, right but Luxon was
asked about it in the House. It's an independent body
that decides. But guess what they do. They compare his
job to similar jobs here and overseas and decide what
he should be paid. Now does that sound familiar to you, Yeah,
it sounds a little bit like the pay parity thing,
doesn't it and close Swarbrick, to her credit, was actually
(04:45):
onto this and said, you know, why are you taking
the paying increase? And it's not that simple, it's not
black and white, but it's just politics, right, why are
you taking the pay increase and then you're cutting the
pay for women? Blah blah blah. So I reckon. If
I was Chris Hipkins, what I would do is immediately
announced that Labour's caucus won't accept the increase, or they'll
(05:07):
accept it and donate it to a woman's cause or
something like that. Because then at the budget you stand
there and you go, oh look, here's mister rich guy,
you know, getting tens of thousands dollars extra and taking
the money away from the women. Remember just Sinda Adourn froze,
she froze the pay for MPs when she was empowered
think back in twenty eighteen. So it can be done.
(05:28):
It's not impossible. That'd be what I would do. That
would be my advice for Labor. This morning just got
eleven minutes after five News talk ZIB coming up next,
we're going to talk about cybersecurity, the threats that you
face and how much it's costing us each of us
every year.
Speaker 1 (05:44):
News and Views you Trust has done. Your day is
early edition with Ryan Bridge and One Room, Make your
Property Search Simple, News.
Speaker 2 (05:53):
Talk ZIB fourteen after five. We've got us inflation data
out for April this morning, the Consumer Price Index, This
is CEA only adjusted rose zero point two percent for April.
This is good news because it's not terrible news. They
were worried obviously after Liberation Day, which was April second,
worried that that would have pushed prices through the roof
for the month. That hasn't happened, but doesn't mean it
(06:16):
won't later on in the summer. You could start to
see the flow through, the flow on effects of that.
It's just gone fourteen after five. Y half of us
were the target. Half of us the target of online
scammons and frauds last year. That's according to a new
survey from the National Cybersecurity Center. It found the cost
of the country total one point six billion in twenty
twenty four. Mike Yagish the National Cybersecurity Center with us
(06:39):
this morning.
Speaker 3 (06:39):
Mike, good morning, Hey, good morning, Ryan, Thanks for having me.
Speaker 2 (06:42):
Yeah, good to have you on. So who's doing this targeting.
Speaker 3 (06:46):
Well, this targeting will be a range of cyber criminals.
And what we know is, you know why we might
think that we might not be targeted, and these cybercriminals
would go after anyone who has information or money. So
that really means that any of us could be subject
to these sorts of things.
Speaker 2 (07:05):
Eight hundred and thirty thousand of us fell the scams
or were tricked by scams. The financial loss average was
twelve hundred and sixty dollars. What was what's the most
anyone's in that year? What's the most someone or a
company lost?
Speaker 3 (07:17):
Oh? Sure, it's a huge range, you know, it goes
from tens of dollars up to hundreds of thousand, hundreds
of thousands. I think though, what's important to remember is
that it's a financial loss here, but there's also the
loss of time, the loss of information, and the emotional
well being cold. So although the money differs and money
(07:39):
means different things to different people, so these can have
huge impacts on the daily lives of us.
Speaker 2 (07:44):
Have you managed to track any of the money, find
out who's actually doing it, where the money has gone.
Speaker 3 (07:51):
No, there's not really been our focus through this report. Really,
what we're trying to do is kind of break down
this barrier where I think feel this won't happen to us,
but our research, who's happens to over half of us.
We therefore all need to take some practical steps to
improve our security.
Speaker 2 (08:09):
Have you are you aware of any threats coming from
any of these scams coming from North Korea to New Zealand.
Speaker 3 (08:17):
In this research, we have asked people about the threats
that they've faced, and we haven't helped them through detail
into each of the reports through the research.
Speaker 2 (08:30):
Do you know, generally outside of this research, are we
getting hacked and attacked by North Korea?
Speaker 3 (08:37):
When we do our annual reports, we say that there
are a ranger three actors out there summer.
Speaker 2 (08:46):
Why don't we Why don't we name them? Because Google
came out this year with a release and said North
Korea is attacking New Zealand and Australia.
Speaker 3 (08:56):
In some cases we do name states. I guess what
what important for us is that often, as if you're
defending yourself or you're defending your organization, understanding who did
it isn't always the most important thing. Understanding the techniques
or the types of things that people are doing is
more important because that's how that helps you inform your defense.
Speaker 2 (09:20):
We call them out though, I mean, are you aware
of any from North Korea?
Speaker 3 (09:24):
And where is important for us to call it out?
We do so so. For example, last year we publicly
attributed an attack against our parliamentary services to the People's
Republic of China. And we do that when we believe
it's in the best interests for the country. But in
other times it's not necessarily required to inform the defenses
(09:48):
that people need to take.
Speaker 2 (09:49):
All right, I appreciate your time this morning, Mike, take
care of Mike yagas the National Cybersecurity Center Director of
Mission Enablement. That's a part of the GCSPE It's just
hence the seek see eighteen minutes after five. We'll get
to Meridian next on their purchase of Flick.
Speaker 1 (10:05):
Ryan Bridge on affili edition with one roof Make your
Property Search Simple used talk Zivvy.
Speaker 2 (10:12):
Five twenty news Talk ZB. The rumors were true. Z
Energy's power company, Flick has bowed out of the market
forty one thousand customers. They're going to move to Meridian,
who bought it for seventy million. The market now dominated
by the four major gen Taylors and the various brands
under which they sell electricity. Lisa Hannafan, the Meridian chief
customer officer, with me this morning. Lisa, good morning, Good
morning Ryan. Is this going to mean higher prices for
(10:34):
the market now that it's more consolidated and we have
fewer retail options?
Speaker 8 (10:39):
I don't think so. I think that New Zealand's actually
really well served with the amount of competitors we've got.
We've got more in New Zealand per capita than both
Australia and the UK, and we all compete pretty fiercely
out here.
Speaker 2 (10:53):
But we've just you've just consolidated. You're taking on what
an eighteen percent market share?
Speaker 3 (10:59):
Is there?
Speaker 2 (10:59):
What you've got?
Speaker 8 (11:01):
That's right? Well, once we've acquired Flick, we'll have eighteen percent,
so that will leave us in our normal position, which
is the fourth largest electricity retailer.
Speaker 2 (11:09):
And you don't think it's going to have any effect
on prices.
Speaker 8 (11:13):
I don't think it is. No. I think that we're
all fighting for every customer that we get, and we
know that customers expect really good value for money, so
we think that our pricing is really fair and that
our Newflix customers will be really well served.
Speaker 2 (11:32):
Do you give, as a business preferential hedge deals to
your retail alarm? This is what the Commerce Commission says
you do.
Speaker 8 (11:40):
Yes, we have heard that, but that's not really how
it works. Obviously, we are a vertically integrated business, and
that's actually a really great thing for customers because what
it means is that we can insulate those customers from
the volatility that you do see in a renewables market. So, no,
we don't give preferential treatment. We offer hedges to the
(12:00):
market just like everybody else.
Speaker 2 (12:02):
But are they on the same terms as you would
offer to the smaller players, Because this is the argument,
right that the lights of Flick have been pushed to
the wall and forced to sell because they're not getting
the same access to sweetheart deals as if they were
a vertically integrated business.
Speaker 4 (12:22):
Yeah.
Speaker 8 (12:22):
So one of the things that was really attractive about
the Flick proposition is that they did have a really
sophisticated hedge book, so they were actually really well hedged,
which is just a demonstration that it is possible to
build that really strong book even if you are not
a generator of electricity. So I don't think that is
the case. Flick have decided that they want to exit
(12:44):
the market to focus on what their core business is,
which is transport and EVS, and so they're getting out
of retailing electricity in both New Zealand and Australia. It's
not about a takeover of the gen tailors.
Speaker 2 (12:56):
So you're if you're telling me that you do not
and you have never given better terms or conditions on
a hedge deal to your own retail arm than you
would have given to any smaller operator. Is the Commerce
Commission lying or wrong?
Speaker 8 (13:13):
I don't think the Commerce Commission is lying certainly right. Well,
I don't think that we're saying that. I think how
how vertical integration works is we don't sell hedges to
our retail business. We're one business that generates electricity and
we also retail to our customers, and we have some
internal mechanisms for how that works, but we certainly don't
(13:35):
sell hedges internally, that's not how it works.
Speaker 2 (13:37):
What are your internal mechanisms?
Speaker 8 (13:40):
So we generate electricity and we sell it on the market,
and we also buy energy and we sell it to
our retail customers, and that s that's how it works.
Speaker 2 (13:50):
Right, So there's No, you cannot see where the Commerce
Commission is coming from at all in their in their
complaints and their their sort of request for change.
Speaker 8 (13:59):
Look, we really wellcome any investigation into the industry. We
want it to be really strong and robust. We think
that's really important. Energy is the cornerstone of our economy
and everybody needs to use it in their life, so
we'll welcome any investigation. But I'm really confident that we're
doing the right thing, all.
Speaker 2 (14:16):
Right, Lisa appreciate Tom's wanting. Lexa Hannafin Ridy and Chief
Customer Officer with US just gone twenty four after five
News Talks VB the early.
Speaker 1 (14:23):
Edition full the show podcast on iHeartRadio, how It by NEWSTALKSB.
Speaker 2 (14:29):
News Talks MB it is five twenty six. Labor is
back to its old tricks ahead of the budget. We've
got the same message basically we got from a barefoot
jandle wearing Chippy on day one of his post summer break.
More debt, borrow more and spend more, name and issue.
Pick a portfolio, any portfolio where Labor has not criticized
the government for cuts and promise to restore spending to
pre willis levels. The latest example, of course, is pay parity,
(14:52):
but that's the latest in the long list. In case
they didn't get the memo here, we's voted for cuts
at the last election. We're doing our bit. The government
ought to do it's but that is the politics of it.
The economics have been up for debate recently. Net core
Crown debt and this is not debatable, has more than
doubled on pre COVID to one hundred and eighty two
(15:13):
billion dollars or forty two point six percent of GDP.
Some of this is inflation, but much of it is not.
Spending has been baked in. Couple of things to note. Yes,
government debt is low compared to other OECD countries, and
that's what you hear labours say. But the credit rating
agencies are telling us to get it down back to
surplus or you risk a credit downgrade and then you're
(15:34):
borrowing costs you more. We're already spending more financing debt
than we do on defense, police, corrections, justice and customs combined.
And remember where the shaky aisles. We've got huge exposure
to trade. We need headroom to borrow big if shite
hits the fan. Ask any economist all the person who
(15:55):
runs your household, and they'll tell you that borrowing for
everyday spending is a bad idea. And we're doing that
year after year after year after year. And if that's
not enough to convince you. On debt, here's the kicker,
the real doozy private debt. You know, our student loans
and our mortgages one hundred and twenty percent of GDP
higher than America, Spain, Germany, Ireland and a bunch of
(16:17):
other countries. The worst part, we owe most of it
to foreign banks. We can't afford more debt. And yes,
Nikola Willis is still spending more, but it's less than labor.
The lesser of two evils, Ryan Bridge Talks, said b
Gavin Gray in the UK. Coming up after our reporters
more on Zelenski and Kim Kay here on news Talk
(16:41):
is z b Oh, we're a bit early, aren't we
We're only twenty nine minutes. We're only twenty nine minutes
after five, So there you go. Basically, I mean, the
thing is, you can't say. You can't say that Nicola
Willis is not spending more than Grant Robertson did because
she blatantly. But you can say that when it comes
(17:02):
to debt, and if you're worried about debt, and I
think we should be worried about debt, then it is
the lesser of two evils the National Party heading into
this budget. So Kim Kardashian is in court in Paris.
She's been crying. She looks amazing, of course, dressed up
to go and there for the photo for the cameras. Anyway,
she's in court and she's been giving her testimony. It's
it's rather interesting what she's got to say. So we'll
(17:23):
talk to Gavin Gray about that and Zelensky heading to
Turkey hoping for a deal. All ahead, keen, no need
always three D come.
Speaker 1 (17:35):
Up the news you need this morning and the in
depth analysis early edition with Ryan Bridge and one roof
Make your Property search Simple.
Speaker 2 (17:45):
News talks, it'd be it's not the end of the world.
Good morning, it is twenty four minutes away from the
six year on news talks be the superannuation and the
super fun with Drules that Nikola Willis announced would be
coming early yesterday. We will talk about that with Jonathan
Erickson just before six this morning. We'll get to Gavin
Gray in the UK as well. Interesting, Trump has said
(18:08):
he's on his tour of the Middle East. He has said,
this is a direct quote from him on Syria. They're
removing all US sanctions on Syria. This is after the
sad regim was toppled. I will be ordering the cessation
of sanctions against Syria in order to give them a
chance at greatness, it says Trump. It's their time to shine.
We're talking them, We're taking them all off and referring
(18:32):
to the sanctions. Good luck Syria, he says, show us
something very special. It's nice, isn't it now. We talked
about this yesterday. We talked about it in relation to maths.
But it's like another day, another hangover from cod from
the COVID lockdowns. This is the front page of the
Herald this morning. News that new entrants come to school
with behavior and oral communication issues and believe the COVID
(18:55):
nineteen pandemic lockdowns aren't well. The lockdowns, I'm assuming they mean,
are to blame the unions calling for more investment and
learning support to help address the problem. Of course they are.
One of them said they're so disregulated and so undiagnosed
that they come five year olds coming to school with
oral language so low we can't even communicate with them.
(19:19):
And yet these are the same people who said stay home,
save lives when we were in the middle of COVID
And now look at the You know there are consequences
that aren't there. Children don't learn how to talk. Twenty
two minutes away from six are We're going to dened
In Callen practice with us this morning. Calen, good morning
to you. You've got news on the ducks. Good news
for the ducks at Fiordland National Park. Yeah, this is
(19:41):
one of our native birds, the partech here.
Speaker 9 (19:43):
They had previously become extinct due to the loss of
their habitat, predators and other threats, but docks been slowly
reintroducing them to the area around Milford Track since two
thousand and nine, complete with transmitters, and the latest reports
say that through their predator control efforts of ten eighty
they've seen an eighty six percent survival rate of these
(20:06):
native birds this year, and other years it's been as
low as sixteen percent. How's your weather today, come, it's
good for us flying apart from some morning cloud and
thirteen today.
Speaker 2 (20:16):
All right, Clasure, it's christ Church clear, good morning, good morning.
Now the Popeyes. This is the fried Chicken place coming
your way.
Speaker 7 (20:25):
Apparently, and social media is excited.
Speaker 10 (20:27):
Ryan, look this fast food out there is planning to
come to the South Island. You might remember being around
South Auckland and opening in April last year. There were
queues and cues of people waiting to get in. We
now know that Tahua Properties Limited is seeking resource consent
to build a drive through Popeyes opposite the Durham Street
New World Supermarket, which is between Morehouse Avenue and Bath Street.
(20:50):
They also plan, and I'm probably more excited about this,
to open a separate Starbucks drive through on the same site.
With both of those outlets to operate twenty four to seven,
Some existing buildings on the site will need to be
demolished in order to make way for them.
Speaker 2 (21:03):
Okay, Starbucks drive through Starbucks worth quicker, frankly, that's a
How's that? We're the clear.
Speaker 10 (21:12):
Cloud clearing too fine early this afternoon southeast turning north
east end the highs thirteenth.
Speaker 2 (21:17):
Brilliant, Thank you Max. Can anyone afford a house in
Wellington yet?
Speaker 11 (21:21):
Well first home buyers, perhaps properly, Prices continue to slide
first quarter of the year, down zero point five percent,
now four point one percent or so lower than the
same point last year, the city seeing one of the
biggest falls, upper Hut actually doing okay, rising fractionally there.
This is qv's House price index has the average home
(21:42):
in the Wellington region now at eight hundred and thirty
seven thousand, compared to one point twenty five million ish
in Auckland. Still a reaction to how bloated it got
a few years ago. Lots of homes on the market,
lots of options, the public sector stuff of course, anecdotally
a similar story. More first home buyers which would make
sense investors down, more former rentals on the market as well,
(22:04):
which is all very good for some and not so
good for others.
Speaker 2 (22:07):
Yeah, you don't want to live and you want to
get out to the eastern suburbs, really don't. You don't
want to be living in Ara Valley where it's all
dark and dingy and cold and miserable.
Speaker 11 (22:15):
Yeah, Tyler Johnsonville is still popular that that sort of way.
Speaker 2 (22:19):
I wouldn't have gone that way myself. Or you're going
to get on the motorway, although actually and saying that
getting on the motorway, you are quicker doing that than
you aren't getting out east through the tunnel, aren't you. Yeah, exactly,
rain points Yeah all right, maybe Taban not sounding too bad? Max.
How's the weather, Parley?
Speaker 11 (22:36):
Cloudy souther He's fifteen the high Central.
Speaker 2 (22:38):
Nice one, Thank you. Neva's here in Auckland, High Neva. Reetings.
So the War Memorial Museum. I saw Disney's Simpson getting
quite agitated about this yesterday.
Speaker 7 (22:47):
Oh yes, Now, look it's closed until further notice. This
is after the discovery. Now there's moreesbestos. So the museum
has been closed since Saturday. Staticespestos dust was detected. Now
this was in the old museum building, in the grand foyer.
What's happened Now It's been found in other parts of
the building as well. So yeah, you're quite right. Deasley
(23:08):
was saying, you know, disclosure is costing the museum thousands
and lost admissions, missing out on about eight thousand dollars
a day. So the museum says, look, it's working as
fast as it can through the assessment, cleaning preparations, but
at this stage we don't know when it's going to reopen.
Speaker 2 (23:23):
It is a shame. How's the weather today?
Speaker 4 (23:26):
Okay?
Speaker 7 (23:27):
So it's partly cloudy. We've got a shower or two
this morning, also in the afternoon, still warm though twenty
is the high.
Speaker 2 (23:32):
Nice one. Never right, it is eighteen minutes away from
six year old news talk sare'd be lots of feedback
coming in on that Ryan, five year old starting school now,
is likely not born when COVID was here. Yeah, I
suppose you're right, But it's the after effects of it,
that's what they're saying. Ryan, this is rubbish. Kids can't
talk because of COVID. They would have been home with
(23:53):
the parents, who presumably says Simon can talk. Yeah, but
it's the interaction, isn't that when you're a toddler. It's
the interaction that you have with other kids that in
going to your daycare or your kindy or whatever, learning
all of those skills. Nine two nine two. It's eighteen
to sex News Talks B. We'll get to Deevin gray.
Speaker 1 (24:13):
Nicks international correspondence with Ensit Eye Insurance Peace of Mind
for New Zealand Business.
Speaker 2 (24:20):
It is called to six on News talksic Bkevin Gray's
a UK europe correspondent. Gavin, good morning now, I'm on
in the right We've got Zelenski going to Turkey in
hoping basically going to sit down in the seat next
to Erduwe and I hope that Putin turns up.
Speaker 6 (24:36):
Yes, And I think the hope is probably quite justified
now because it was Putin that said, let's talk, let's
meet face to face, let's do it in Turkey. Uh,
and so lot of mi Zelensky I think pretty hopeful
that finally he will get that meeting. But he has
had to backtrack on something he said, cease fire agreement first,
(24:57):
then meeting face to face, and since Donald try intervention
saying you two need to sit down face to face,
that has slightly changed. So I think in that respect,
perhaps he's not quite got the introduction to the meeting
that it hoped for. But yes, the US is expected
to send a high level delegation as well, and by
confirming his visit to Turkey earlier today, Zelenski clearly sought
(25:21):
to intensify pressure on Russia to be there and respond
and agree to a cease fire. Whether that pressure will
pay off is another matter.
Speaker 12 (25:29):
Of course.
Speaker 6 (25:30):
We've been here and we've been waiting for this moment
for a long time without any show of a ceasefire.
Speaker 2 (25:36):
So far, this story is incredible. This is a out
of the court of appeal, a guy who served thirty
eight years in prison for murder and his conviction's now
been quashed. You've got new DNA evidence.
Speaker 6 (25:51):
Yeah, that's right. A terribly terribly sad case which of
course left a young girl murdered a twenty one year
old bar maid back in nineteen eighty but has left
a man being the victim of the longest miscarriage of
justice involving a living prisoner in British legal history fourteen thousand,
one hundred and thirteen days in custody. That's thirty eight years,
(26:14):
seven months and twenty one days after his arrest. Astonishing.
This is because new technology allowing a different type of
DNA profiling has shown that this man was innocent. So
Peter Sullivan is his name, and he was jailed over
the killing in nineteen eighty six as this barmaid walked
home from a shift. There was talk about him semi
(26:38):
sort of confessing at the time, but this might have
been owing to a mental illness that he had at
the time, and this latest DNA evidence on various substances
left in and around the body shows that it wasn't
him and therefore he has now we believe, been set
(26:58):
free as of about three hours ago from prison. Amazingly,
he's turned around in a statement and said he isn't bitter,
He isn't really bad about this. He said, at the
heart of it, we still have a young girl who's
been murdered and we still don't know who did it.
Speaker 2 (27:14):
Go after thirty eight years in prison for a crime
you didn't commit, that's pretty gracious. Appreciate your time that's given,
Gray are UK. You're a correspondent, just gone twelve minutes
away from six. So we've heard from Nichola Willis in
the pre budget speech and she has hinted there's something
that might be coming to help with our Kiwi savers
and the government will also make its firstive and withdrawal
(27:36):
from the New Zealand Super fun and twenty twenty eight.
A couple of months ago, I asked Nicola Willis about
a potential boost because you need to get our savings
rates up. I think we're at about one hundred or
just over one hundred billion dollars in Kiwi saver assets
at the moment, but you look at Australia and it's
something like forty trillion or something massive. So anyway, I
asked her about this a couple of months ago.
Speaker 12 (27:56):
There are a range of other ways in which we
could help KIWI savers and if their balances are including
the rates of contributions and other things. So we're working
through that. But I think it's really important that more
key Wes have more financial security in their retirement and
I'm prepared to make changes to deliver that.
Speaker 2 (28:12):
Jonathan Rickson's a superannuation and super fund expert with me
this morning. Jonathan, Good morning, morning Ryan. How do you
think they might go about doing this?
Speaker 13 (28:21):
Well, there's two very easy or straightforward ways. One is
to cut the rate of interest on our savings, so
you get taxed on your retirement income while it's rolling up.
And if you reduce the rate like they do in
Australia to fifteen percent tax on the investment income whereas
(28:43):
a lot of New Zealanders pay seventeen and a half
or twenty eight, well that would make a huge difference
to the compounding interest effect of our growing savings. The
other one would be to remove the ESCT there withholding
tax on the employer's contributions and put that in text free,
which is something that the Labor government introduced when ki
(29:06):
We Sayer started that the National Party took off when
they were in power under bil English.
Speaker 2 (29:11):
Now those are obviously not going to be cost neutral.
They're going to cost the government something. What about an
option that wouldn't cost them anything? I putting up the
employer contribution and doing it that way, Well.
Speaker 13 (29:23):
That would crust the employer something. And whilst politicians don't know,
I run a small business and I can assure you
that employers still have a vote.
Speaker 2 (29:35):
Yeah, and the good point and they voted for this party,
didn't they. What about the super fund? You know the
fact that we're going to start pulling out of the
super fund early. Is it a worry or should we
rechill about this?
Speaker 13 (29:44):
We should be thrilled. This is what the super fund
is for. It's up to eighty billion, which is just
a TED one hundred billion in ki We say is right.
And the point is that this super fun and is
generating returns of about ten percent perannum and one percent
(30:05):
of that would be eighty million, so paying thirty two
million towards our New Zealand super and reducing the tax
burden on the government or allowing that thirty two million
to be spent on health or education or pay parity
or whatever, would actually benefit the government in terms of
(30:29):
its fiscal position, but wouldn't damage the Super fund at all.
And as I say, that's exactly what this fund was
set up to do, to reduce the cost of New
Zealand Super. As our population ages and we live no longer.
Speaker 2 (30:44):
Okay, interesting, I'm thirty years away by make calculating from
retirement age. By the time I get there, will New
Zealand Super exist? Do you think should so?
Speaker 13 (30:56):
Without question? Because of this fund and because of the
system we've got now. One of the key issues is
whether they put the age up to seventy make you wake,
wait another five years.
Speaker 3 (31:07):
You've got to work for the other five right, But.
Speaker 13 (31:09):
In actual fact, now with the health costs and the
changing population that we've got a bit more Mari pacifica,
we think that the age of retirement should stay at
sixty five. So the less moving of the goldpost they do,
the better, But the less texts they take out during
the accumulation phase, the better.
Speaker 2 (31:30):
Two Jonathan Erickson, Superannuation and Super Fund expert fascinating stuff
eight minutes away from six News Talks theb Maright.
Speaker 1 (31:36):
Next, the First Word on the News of the Day
Early edition with Ryan Bridge and One Room to Make
Your Property, Surgeon Symbol News Talk ZIB looks.
Speaker 2 (31:46):
Away from six on News Talks ZIB. Mike is with
us now, Good morning, Mike.
Speaker 14 (31:50):
Two questions for you.
Speaker 3 (31:51):
You ready?
Speaker 2 (31:52):
Yes?
Speaker 14 (31:52):
In what way has the Trump Administration's treatment of the
border put you off or not traveling to the United States?
Speaker 2 (32:00):
No, because you look at the overall numbers and that
nothing's changed, So you take the risk. You take the risk,
and I think the probleming you've got is that it's
all in the media, so there's a lot of focus
on it. So every time someone gets frisked, you hear
about it, and so you have.
Speaker 14 (32:14):
No fears whatsoever.
Speaker 2 (32:15):
Okay.
Speaker 14 (32:16):
Second question is would you go to watch Wrexham simply
because here?
Speaker 2 (32:23):
Yeah? Would you go to watch.
Speaker 14 (32:24):
Wrexham simply because Reynolds owns the side?
Speaker 2 (32:28):
I was thinking about this very point yesterday. Well, first
of all, billionaires and famous people owning football clubs, but
are they actually any good? I don't know anything about them.
Speaker 14 (32:37):
As Wrexham's an ordinary site.
Speaker 2 (32:39):
So it is about the star pouner.
Speaker 14 (32:41):
This is what I'm asking.
Speaker 4 (32:42):
I don't know.
Speaker 14 (32:42):
So you notice the sports news, if you're listening to that,
they're suddenly saying we don't know whether Ryan Reynolds is
coming with the Wrexham side. Now, why is that a
sports story.
Speaker 2 (32:50):
It's not a sports star or a fanboy thing.
Speaker 14 (32:52):
It's a fanboy thing. So if you want to go
see Ryan Reynolds, fantastic, that's okay. But why would you
go see Wrexham, which you've never heard of? You have
no interest. It's a good question under normal circumstances. See,
people don't. I'm out there on the newsroom. No one
asked these questions, right.
Speaker 2 (33:05):
Well, it's like, why did people go and watch the
super Bowl? It's because of Taylor Swift. No that's not true.
Speaker 14 (33:11):
Well, well we go watch the super Bowl because it's
the culm and angement, but the event as an event.
But Rixm's not an event. Rixam's only owned by a
guy you might have heard of in a movie. You
might have seen the same way Tom Brady's bought I
can't even remember the size of Boomingham whatever he's bought.
In the British Football League. If they came out here,
(33:33):
you know nothing about them, would you go watch them?
Speaker 2 (33:35):
Just because? Tom Brady? But your problem is not with me. Mine.
Your problem is with the sports people. So we're hyping
this up. Oh no, my problem.
Speaker 14 (33:42):
I'm not going but no, no, no, no, I'm just
I'm just interested in how we view these things. Well,
it's a weird old world in which we operate, isn't it.
You know what I'm saying. Nikola Willis, I've got her
on this morning. David Seymour, got him on this morning.
Got them all right, go around the going around the
cabinet table. A few secrets, all right, Mike's will be next.
Speaker 2 (34:02):
Have a great day. Run sin tomorrow.
Speaker 1 (34:11):
For more from Early Edition with Ryan Bridge. Listen live
to News Talks It'd be from five am weekdays, or
follow the podcast on iHeartRadio
The issues, these reviews and the inside. Ryan Bridge on
early edition with one roof Make your Property search Simple.
Speaker 2 (00:11):
News Talks.
Speaker 3 (00:11):
Ed B.
Speaker 2 (00:12):
Good morning, it is six after five News Talks. Hebe
coming up. We'll talk superannuation, the fact that we're going
to start pulling money out of the super fund. But
don't worry, it won't shrink. That's what we're told. That's
just before six this morning. Gavin Graham, the UK Zelenski's
basically going to Turkey to sit in a seat and
wait for Putin to turn up in the hope that
he does. D One will be there too. Gavin Gray
(00:34):
with us at quarter to six this morning. We'll get
to our reporters around the country. Plus we'll talk to
him a Ridian about buying Flick and there's something else
I wanted to talk to you about. Oh did he
Goodness me, the trial is getting weird. More on that
in a sec News Talks. HEB.
Speaker 1 (00:53):
The agenda.
Speaker 2 (00:54):
It is Wednesday. Thefording to the mad Trumps tour of
the Middle East kicks off with an arms deal with
the Saadi's two hundred and forty billion New Zealand dollars worth.
It's a weapons for AI swap.
Speaker 4 (01:05):
The usory relationship has been a bedrug pubsecurity and prosperity.
Today read reaffirm this important bond, and we take the
next steps to make our relationship closer, stronger, and more
powerful than ever before.
Speaker 2 (01:22):
Also comments on a run and Syria. I'll get to
that in a second. Kim Kardashi and giving evidence in
Paris over the gunpoint robbery.
Speaker 5 (01:30):
Now, at one point she broke down in tears inside
that quarry. She said, they put the gun to my back.
And that's the first moment when I thought, should I
run for it down the stairs? But it wasn't a
good option, so I stayed and I realized I should
probably do whatever they say.
Speaker 2 (01:48):
Now to New York, Diddy's ex girlfriend in his six
trafficking trial says six and drug parties lasted up to
four days. They were called freak coughs. Apparently they apparently
they were brutal. Now, yesterday the court heard from Daniel Phillip.
He's a former manager of male strippers.
Speaker 6 (02:08):
He heard what he.
Speaker 7 (02:09):
Believed was an assault of Holmes beating Ventura, but he
did return to see.
Speaker 8 (02:15):
The couple again. After those interactions.
Speaker 7 (02:17):
Some of the graphic details that even Holmes's children's had
to get up and leave.
Speaker 2 (02:21):
The courtroom for it is eight after five.
Speaker 1 (02:26):
Get ahead of the headlines on early edition with Ryan
Bridge and one roof Make Your Property Search Simple News
Talk said be we.
Speaker 2 (02:35):
Talked about Flick Electric yesterday and this now had the
news confirmed that Meriadian is basically swallowing up Flicks. So
we'll have Meriadian on the program at twenty past five
this morning. A few questions for them about what that
means for your power prices. Now, this pay parity debate
thing is not going away. Actually, I was talking to
a friend of mine yesterday who's a woman who doesn't
(02:57):
have children, and which I was saying, you know, you
don't do too bad money wise, and people will say
I'm man explaining whatever. I don't really care. I'm just
we're just having a conversation. And I looked it up.
There's some studies that have been done, one out of
Princeton that says women tend to take lower paid but
(03:17):
more flexible roles after their first child, and that affects
their pay and their career prospects. Laid down the track
that actually childless women tend to earn around the same
as men. This is not me saying that this is
a study. All right, calm down, but you know it
is it a gender issue? Are their gender issues? I'm
(03:38):
sure there are, But is the child bearing and rearing
issue actually a bigger one potentially when it comes to pay.
I don't know anyway, whatever whatever that's going on, this
issue is not going to go away. It's just not
before the election and Labor will make sure of that.
The problem I think for the government, and this is
what was in the House the other day, was watching
Chloe Swarbrook, who so actually I think made a good
(04:01):
point that just weeks after the budget, all MPs, including
the cabinet, including the Prime Minister, are going to get
what pay rise seven hundred thousand dollars worth of extra
pay this year one point two four million dollars next year.
Now like it all though that politics is about perception
(04:23):
and this is an independent body, right but Luxon was
asked about it in the House. It's an independent body
that decides. But guess what they do. They compare his
job to similar jobs here and overseas and decide what
he should be paid. Now does that sound familiar to you, Yeah,
it sounds a little bit like the pay parity thing,
doesn't it and close Swarbrick, to her credit, was actually
(04:45):
onto this and said, you know, why are you taking
the paying increase? And it's not that simple, it's not
black and white, but it's just politics, right, why are
you taking the pay increase and then you're cutting the
pay for women? Blah blah blah. So I reckon. If
I was Chris Hipkins, what I would do is immediately
announced that Labour's caucus won't accept the increase, or they'll
(05:07):
accept it and donate it to a woman's cause or
something like that. Because then at the budget you stand
there and you go, oh look, here's mister rich guy,
you know, getting tens of thousands dollars extra and taking
the money away from the women. Remember just Sinda Adourn froze,
she froze the pay for MPs when she was empowered
think back in twenty eighteen. So it can be done.
(05:28):
It's not impossible. That'd be what I would do. That
would be my advice for Labor. This morning just got
eleven minutes after five News talk ZIB coming up next,
we're going to talk about cybersecurity, the threats that you
face and how much it's costing us each of us
every year.
Speaker 1 (05:44):
News and Views you Trust has done. Your day is
early edition with Ryan Bridge and One Room, Make your
Property Search Simple, News.
Speaker 2 (05:53):
Talk ZIB fourteen after five. We've got us inflation data
out for April this morning, the Consumer Price Index, This
is CEA only adjusted rose zero point two percent for April.
This is good news because it's not terrible news. They
were worried obviously after Liberation Day, which was April second,
worried that that would have pushed prices through the roof
for the month. That hasn't happened, but doesn't mean it
(06:16):
won't later on in the summer. You could start to
see the flow through, the flow on effects of that.
It's just gone fourteen after five. Y half of us
were the target. Half of us the target of online
scammons and frauds last year. That's according to a new
survey from the National Cybersecurity Center. It found the cost
of the country total one point six billion in twenty
twenty four. Mike Yagish the National Cybersecurity Center with us
(06:39):
this morning.
Speaker 3 (06:39):
Mike, good morning, Hey, good morning, Ryan, Thanks for having me.
Speaker 2 (06:42):
Yeah, good to have you on. So who's doing this targeting.
Speaker 3 (06:46):
Well, this targeting will be a range of cyber criminals.
And what we know is, you know why we might
think that we might not be targeted, and these cybercriminals
would go after anyone who has information or money. So
that really means that any of us could be subject
to these sorts of things.
Speaker 2 (07:05):
Eight hundred and thirty thousand of us fell the scams
or were tricked by scams. The financial loss average was
twelve hundred and sixty dollars. What was what's the most
anyone's in that year? What's the most someone or a
company lost?
Speaker 3 (07:17):
Oh? Sure, it's a huge range, you know, it goes
from tens of dollars up to hundreds of thousand, hundreds
of thousands. I think though, what's important to remember is
that it's a financial loss here, but there's also the
loss of time, the loss of information, and the emotional
well being cold. So although the money differs and money
(07:39):
means different things to different people, so these can have
huge impacts on the daily lives of us.
Speaker 2 (07:44):
Have you managed to track any of the money, find
out who's actually doing it, where the money has gone.
Speaker 3 (07:51):
No, there's not really been our focus through this report. Really,
what we're trying to do is kind of break down
this barrier where I think feel this won't happen to us,
but our research, who's happens to over half of us.
We therefore all need to take some practical steps to
improve our security.
Speaker 2 (08:09):
Have you are you aware of any threats coming from
any of these scams coming from North Korea to New Zealand.
Speaker 3 (08:17):
In this research, we have asked people about the threats
that they've faced, and we haven't helped them through detail
into each of the reports through the research.
Speaker 2 (08:30):
Do you know, generally outside of this research, are we
getting hacked and attacked by North Korea?
Speaker 3 (08:37):
When we do our annual reports, we say that there
are a ranger three actors out there summer.
Speaker 2 (08:46):
Why don't we Why don't we name them? Because Google
came out this year with a release and said North
Korea is attacking New Zealand and Australia.
Speaker 3 (08:56):
In some cases we do name states. I guess what
what important for us is that often, as if you're
defending yourself or you're defending your organization, understanding who did
it isn't always the most important thing. Understanding the techniques
or the types of things that people are doing is
more important because that's how that helps you inform your defense.
Speaker 2 (09:20):
We call them out though, I mean, are you aware
of any from North Korea?
Speaker 3 (09:24):
And where is important for us to call it out?
We do so so. For example, last year we publicly
attributed an attack against our parliamentary services to the People's
Republic of China. And we do that when we believe
it's in the best interests for the country. But in
other times it's not necessarily required to inform the defenses
(09:48):
that people need to take.
Speaker 2 (09:49):
All right, I appreciate your time this morning, Mike, take
care of Mike yagas the National Cybersecurity Center Director of
Mission Enablement. That's a part of the GCSPE It's just
hence the seek see eighteen minutes after five. We'll get
to Meridian next on their purchase of Flick.
Speaker 1 (10:05):
Ryan Bridge on affili edition with one roof Make your
Property Search Simple used talk Zivvy.
Speaker 2 (10:12):
Five twenty news Talk ZB. The rumors were true. Z
Energy's power company, Flick has bowed out of the market
forty one thousand customers. They're going to move to Meridian,
who bought it for seventy million. The market now dominated
by the four major gen Taylors and the various brands
under which they sell electricity. Lisa Hannafan, the Meridian chief
customer officer, with me this morning. Lisa, good morning, Good
morning Ryan. Is this going to mean higher prices for
(10:34):
the market now that it's more consolidated and we have
fewer retail options?
Speaker 8 (10:39):
I don't think so. I think that New Zealand's actually
really well served with the amount of competitors we've got.
We've got more in New Zealand per capita than both
Australia and the UK, and we all compete pretty fiercely
out here.
Speaker 2 (10:53):
But we've just you've just consolidated. You're taking on what
an eighteen percent market share?
Speaker 3 (10:59):
Is there?
Speaker 2 (10:59):
What you've got?
Speaker 8 (11:01):
That's right? Well, once we've acquired Flick, we'll have eighteen percent,
so that will leave us in our normal position, which
is the fourth largest electricity retailer.
Speaker 2 (11:09):
And you don't think it's going to have any effect
on prices.
Speaker 8 (11:13):
I don't think it is. No. I think that we're
all fighting for every customer that we get, and we
know that customers expect really good value for money, so
we think that our pricing is really fair and that
our Newflix customers will be really well served.
Speaker 2 (11:32):
Do you give, as a business preferential hedge deals to
your retail alarm? This is what the Commerce Commission says
you do.
Speaker 8 (11:40):
Yes, we have heard that, but that's not really how
it works. Obviously, we are a vertically integrated business, and
that's actually a really great thing for customers because what
it means is that we can insulate those customers from
the volatility that you do see in a renewables market. So, no,
we don't give preferential treatment. We offer hedges to the
(12:00):
market just like everybody else.
Speaker 2 (12:02):
But are they on the same terms as you would
offer to the smaller players, Because this is the argument,
right that the lights of Flick have been pushed to
the wall and forced to sell because they're not getting
the same access to sweetheart deals as if they were
a vertically integrated business.
Speaker 4 (12:22):
Yeah.
Speaker 8 (12:22):
So one of the things that was really attractive about
the Flick proposition is that they did have a really
sophisticated hedge book, so they were actually really well hedged,
which is just a demonstration that it is possible to
build that really strong book even if you are not
a generator of electricity. So I don't think that is
the case. Flick have decided that they want to exit
(12:44):
the market to focus on what their core business is,
which is transport and EVS, and so they're getting out
of retailing electricity in both New Zealand and Australia. It's
not about a takeover of the gen tailors.
Speaker 2 (12:56):
So you're if you're telling me that you do not
and you have never given better terms or conditions on
a hedge deal to your own retail arm than you
would have given to any smaller operator. Is the Commerce
Commission lying or wrong?
Speaker 8 (13:13):
I don't think the Commerce Commission is lying certainly right. Well,
I don't think that we're saying that. I think how
how vertical integration works is we don't sell hedges to
our retail business. We're one business that generates electricity and
we also retail to our customers, and we have some
internal mechanisms for how that works, but we certainly don't
(13:35):
sell hedges internally, that's not how it works.
Speaker 2 (13:37):
What are your internal mechanisms?
Speaker 8 (13:40):
So we generate electricity and we sell it on the market,
and we also buy energy and we sell it to
our retail customers, and that s that's how it works.
Speaker 2 (13:50):
Right, So there's No, you cannot see where the Commerce
Commission is coming from at all in their in their
complaints and their their sort of request for change.
Speaker 8 (13:59):
Look, we really wellcome any investigation into the industry. We
want it to be really strong and robust. We think
that's really important. Energy is the cornerstone of our economy
and everybody needs to use it in their life, so
we'll welcome any investigation. But I'm really confident that we're
doing the right thing, all.
Speaker 2 (14:16):
Right, Lisa appreciate Tom's wanting. Lexa Hannafin Ridy and Chief
Customer Officer with US just gone twenty four after five
News Talks VB the early.
Speaker 1 (14:23):
Edition full the show podcast on iHeartRadio, how It by NEWSTALKSB.
Speaker 2 (14:29):
News Talks MB it is five twenty six. Labor is
back to its old tricks ahead of the budget. We've
got the same message basically we got from a barefoot
jandle wearing Chippy on day one of his post summer break.
More debt, borrow more and spend more, name and issue.
Pick a portfolio, any portfolio where Labor has not criticized
the government for cuts and promise to restore spending to
pre willis levels. The latest example, of course, is pay parity,
(14:52):
but that's the latest in the long list. In case
they didn't get the memo here, we's voted for cuts
at the last election. We're doing our bit. The government
ought to do it's but that is the politics of it.
The economics have been up for debate recently. Net core
Crown debt and this is not debatable, has more than
doubled on pre COVID to one hundred and eighty two
(15:13):
billion dollars or forty two point six percent of GDP.
Some of this is inflation, but much of it is not.
Spending has been baked in. Couple of things to note. Yes,
government debt is low compared to other OECD countries, and
that's what you hear labours say. But the credit rating
agencies are telling us to get it down back to
surplus or you risk a credit downgrade and then you're
(15:34):
borrowing costs you more. We're already spending more financing debt
than we do on defense, police, corrections, justice and customs combined.
And remember where the shaky aisles. We've got huge exposure
to trade. We need headroom to borrow big if shite
hits the fan. Ask any economist all the person who
(15:55):
runs your household, and they'll tell you that borrowing for
everyday spending is a bad idea. And we're doing that
year after year after year after year. And if that's
not enough to convince you. On debt, here's the kicker,
the real doozy private debt. You know, our student loans
and our mortgages one hundred and twenty percent of GDP
higher than America, Spain, Germany, Ireland and a bunch of
(16:17):
other countries. The worst part, we owe most of it
to foreign banks. We can't afford more debt. And yes,
Nikola Willis is still spending more, but it's less than labor.
The lesser of two evils, Ryan Bridge Talks, said b
Gavin Gray in the UK. Coming up after our reporters
more on Zelenski and Kim Kay here on news Talk
(16:41):
is z b Oh, we're a bit early, aren't we
We're only twenty nine minutes. We're only twenty nine minutes
after five, So there you go. Basically, I mean, the
thing is, you can't say. You can't say that Nicola
Willis is not spending more than Grant Robertson did because
she blatantly. But you can say that when it comes
(17:02):
to debt, and if you're worried about debt, and I
think we should be worried about debt, then it is
the lesser of two evils the National Party heading into
this budget. So Kim Kardashian is in court in Paris.
She's been crying. She looks amazing, of course, dressed up
to go and there for the photo for the cameras. Anyway,
she's in court and she's been giving her testimony. It's
it's rather interesting what she's got to say. So we'll
(17:23):
talk to Gavin Gray about that and Zelensky heading to
Turkey hoping for a deal. All ahead, keen, no need
always three D come.
Speaker 1 (17:35):
Up the news you need this morning and the in
depth analysis early edition with Ryan Bridge and one roof
Make your Property search Simple.
Speaker 2 (17:45):
News talks, it'd be it's not the end of the world.
Good morning, it is twenty four minutes away from the
six year on news talks be the superannuation and the
super fun with Drules that Nikola Willis announced would be
coming early yesterday. We will talk about that with Jonathan
Erickson just before six this morning. We'll get to Gavin
Gray in the UK as well. Interesting, Trump has said
(18:08):
he's on his tour of the Middle East. He has said,
this is a direct quote from him on Syria. They're
removing all US sanctions on Syria. This is after the
sad regim was toppled. I will be ordering the cessation
of sanctions against Syria in order to give them a
chance at greatness, it says Trump. It's their time to shine.
We're talking them, We're taking them all off and referring
(18:32):
to the sanctions. Good luck Syria, he says, show us
something very special. It's nice, isn't it now. We talked
about this yesterday. We talked about it in relation to maths.
But it's like another day, another hangover from cod from
the COVID lockdowns. This is the front page of the
Herald this morning. News that new entrants come to school
with behavior and oral communication issues and believe the COVID
(18:55):
nineteen pandemic lockdowns aren't well. The lockdowns, I'm assuming they mean,
are to blame the unions calling for more investment and
learning support to help address the problem. Of course they are.
One of them said they're so disregulated and so undiagnosed
that they come five year olds coming to school with
oral language so low we can't even communicate with them.
(19:19):
And yet these are the same people who said stay home,
save lives when we were in the middle of COVID
And now look at the You know there are consequences
that aren't there. Children don't learn how to talk. Twenty
two minutes away from six are We're going to dened
In Callen practice with us this morning. Calen, good morning
to you. You've got news on the ducks. Good news
for the ducks at Fiordland National Park. Yeah, this is
(19:41):
one of our native birds, the partech here.
Speaker 9 (19:43):
They had previously become extinct due to the loss of
their habitat, predators and other threats, but docks been slowly
reintroducing them to the area around Milford Track since two
thousand and nine, complete with transmitters, and the latest reports
say that through their predator control efforts of ten eighty
they've seen an eighty six percent survival rate of these
(20:06):
native birds this year, and other years it's been as
low as sixteen percent. How's your weather today, come, it's
good for us flying apart from some morning cloud and
thirteen today.
Speaker 2 (20:16):
All right, Clasure, it's christ Church clear, good morning, good morning.
Now the Popeyes. This is the fried Chicken place coming
your way.
Speaker 7 (20:25):
Apparently, and social media is excited.
Speaker 10 (20:27):
Ryan, look this fast food out there is planning to
come to the South Island. You might remember being around
South Auckland and opening in April last year. There were
queues and cues of people waiting to get in. We
now know that Tahua Properties Limited is seeking resource consent
to build a drive through Popeyes opposite the Durham Street
New World Supermarket, which is between Morehouse Avenue and Bath Street.
(20:50):
They also plan, and I'm probably more excited about this,
to open a separate Starbucks drive through on the same site.
With both of those outlets to operate twenty four to seven,
Some existing buildings on the site will need to be
demolished in order to make way for them.
Speaker 2 (21:03):
Okay, Starbucks drive through Starbucks worth quicker, frankly, that's a
How's that? We're the clear.
Speaker 10 (21:12):
Cloud clearing too fine early this afternoon southeast turning north
east end the highs thirteenth.
Speaker 2 (21:17):
Brilliant, Thank you Max. Can anyone afford a house in
Wellington yet?
Speaker 11 (21:21):
Well first home buyers, perhaps properly, Prices continue to slide
first quarter of the year, down zero point five percent,
now four point one percent or so lower than the
same point last year, the city seeing one of the
biggest falls, upper Hut actually doing okay, rising fractionally there.
This is qv's House price index has the average home
(21:42):
in the Wellington region now at eight hundred and thirty
seven thousand, compared to one point twenty five million ish
in Auckland. Still a reaction to how bloated it got
a few years ago. Lots of homes on the market,
lots of options, the public sector stuff of course, anecdotally
a similar story. More first home buyers which would make
sense investors down, more former rentals on the market as well,
(22:04):
which is all very good for some and not so
good for others.
Speaker 2 (22:07):
Yeah, you don't want to live and you want to
get out to the eastern suburbs, really don't. You don't
want to be living in Ara Valley where it's all
dark and dingy and cold and miserable.
Speaker 11 (22:15):
Yeah, Tyler Johnsonville is still popular that that sort of way.
Speaker 2 (22:19):
I wouldn't have gone that way myself. Or you're going
to get on the motorway, although actually and saying that
getting on the motorway, you are quicker doing that than
you aren't getting out east through the tunnel, aren't you. Yeah, exactly,
rain points Yeah all right, maybe Taban not sounding too bad? Max.
How's the weather, Parley?
Speaker 11 (22:36):
Cloudy souther He's fifteen the high Central.
Speaker 2 (22:38):
Nice one, Thank you. Neva's here in Auckland, High Neva. Reetings.
So the War Memorial Museum. I saw Disney's Simpson getting
quite agitated about this yesterday.
Speaker 7 (22:47):
Oh yes, Now, look it's closed until further notice. This
is after the discovery. Now there's moreesbestos. So the museum
has been closed since Saturday. Staticespestos dust was detected. Now
this was in the old museum building, in the grand foyer.
What's happened Now It's been found in other parts of
the building as well. So yeah, you're quite right. Deasley
(23:08):
was saying, you know, disclosure is costing the museum thousands
and lost admissions, missing out on about eight thousand dollars
a day. So the museum says, look, it's working as
fast as it can through the assessment, cleaning preparations, but
at this stage we don't know when it's going to reopen.
Speaker 2 (23:23):
It is a shame. How's the weather today?
Speaker 4 (23:26):
Okay?
Speaker 7 (23:27):
So it's partly cloudy. We've got a shower or two
this morning, also in the afternoon, still warm though twenty
is the high.
Speaker 2 (23:32):
Nice one. Never right, it is eighteen minutes away from
six year old news talk sare'd be lots of feedback
coming in on that Ryan, five year old starting school now,
is likely not born when COVID was here. Yeah, I
suppose you're right, But it's the after effects of it,
that's what they're saying. Ryan, this is rubbish. Kids can't
talk because of COVID. They would have been home with
(23:53):
the parents, who presumably says Simon can talk. Yeah, but
it's the interaction, isn't that when you're a toddler. It's
the interaction that you have with other kids that in
going to your daycare or your kindy or whatever, learning
all of those skills. Nine two nine two. It's eighteen
to sex News Talks B. We'll get to Deevin gray.
Speaker 1 (24:13):
Nicks international correspondence with Ensit Eye Insurance Peace of Mind
for New Zealand Business.
Speaker 2 (24:20):
It is called to six on News talksic Bkevin Gray's
a UK europe correspondent. Gavin, good morning now, I'm on
in the right We've got Zelenski going to Turkey in
hoping basically going to sit down in the seat next
to Erduwe and I hope that Putin turns up.
Speaker 6 (24:36):
Yes, And I think the hope is probably quite justified
now because it was Putin that said, let's talk, let's
meet face to face, let's do it in Turkey. Uh,
and so lot of mi Zelensky I think pretty hopeful
that finally he will get that meeting. But he has
had to backtrack on something he said, cease fire agreement first,
(24:57):
then meeting face to face, and since Donald try intervention
saying you two need to sit down face to face,
that has slightly changed. So I think in that respect,
perhaps he's not quite got the introduction to the meeting
that it hoped for. But yes, the US is expected
to send a high level delegation as well, and by
confirming his visit to Turkey earlier today, Zelenski clearly sought
(25:21):
to intensify pressure on Russia to be there and respond
and agree to a cease fire. Whether that pressure will
pay off is another matter.
Speaker 12 (25:29):
Of course.
Speaker 6 (25:30):
We've been here and we've been waiting for this moment
for a long time without any show of a ceasefire.
Speaker 2 (25:36):
So far, this story is incredible. This is a out
of the court of appeal, a guy who served thirty
eight years in prison for murder and his conviction's now
been quashed. You've got new DNA evidence.
Speaker 6 (25:51):
Yeah, that's right. A terribly terribly sad case which of
course left a young girl murdered a twenty one year
old bar maid back in nineteen eighty but has left
a man being the victim of the longest miscarriage of
justice involving a living prisoner in British legal history fourteen thousand,
one hundred and thirteen days in custody. That's thirty eight years,
(26:14):
seven months and twenty one days after his arrest. Astonishing.
This is because new technology allowing a different type of
DNA profiling has shown that this man was innocent. So
Peter Sullivan is his name, and he was jailed over
the killing in nineteen eighty six as this barmaid walked
home from a shift. There was talk about him semi
(26:38):
sort of confessing at the time, but this might have
been owing to a mental illness that he had at
the time, and this latest DNA evidence on various substances
left in and around the body shows that it wasn't
him and therefore he has now we believe, been set
(26:58):
free as of about three hours ago from prison. Amazingly,
he's turned around in a statement and said he isn't bitter,
He isn't really bad about this. He said, at the
heart of it, we still have a young girl who's
been murdered and we still don't know who did it.
Speaker 2 (27:14):
Go after thirty eight years in prison for a crime
you didn't commit, that's pretty gracious. Appreciate your time that's given,
Gray are UK. You're a correspondent, just gone twelve minutes
away from six. So we've heard from Nichola Willis in
the pre budget speech and she has hinted there's something
that might be coming to help with our Kiwi savers
and the government will also make its firstive and withdrawal
(27:36):
from the New Zealand Super fun and twenty twenty eight.
A couple of months ago, I asked Nicola Willis about
a potential boost because you need to get our savings
rates up. I think we're at about one hundred or
just over one hundred billion dollars in Kiwi saver assets
at the moment, but you look at Australia and it's
something like forty trillion or something massive. So anyway, I
asked her about this a couple of months ago.
Speaker 12 (27:56):
There are a range of other ways in which we
could help KIWI savers and if their balances are including
the rates of contributions and other things. So we're working
through that. But I think it's really important that more
key Wes have more financial security in their retirement and
I'm prepared to make changes to deliver that.
Speaker 2 (28:12):
Jonathan Rickson's a superannuation and super fund expert with me
this morning. Jonathan, Good morning, morning Ryan. How do you
think they might go about doing this?
Speaker 13 (28:21):
Well, there's two very easy or straightforward ways. One is
to cut the rate of interest on our savings, so
you get taxed on your retirement income while it's rolling up.
And if you reduce the rate like they do in
Australia to fifteen percent tax on the investment income whereas
(28:43):
a lot of New Zealanders pay seventeen and a half
or twenty eight, well that would make a huge difference
to the compounding interest effect of our growing savings. The
other one would be to remove the ESCT there withholding
tax on the employer's contributions and put that in text free,
which is something that the Labor government introduced when ki
(29:06):
We Sayer started that the National Party took off when
they were in power under bil English.
Speaker 2 (29:11):
Now those are obviously not going to be cost neutral.
They're going to cost the government something. What about an
option that wouldn't cost them anything? I putting up the
employer contribution and doing it that way, Well.
Speaker 13 (29:23):
That would crust the employer something. And whilst politicians don't know,
I run a small business and I can assure you
that employers still have a vote.
Speaker 2 (29:35):
Yeah, and the good point and they voted for this party,
didn't they. What about the super fund? You know the
fact that we're going to start pulling out of the
super fund early. Is it a worry or should we
rechill about this?
Speaker 13 (29:44):
We should be thrilled. This is what the super fund
is for. It's up to eighty billion, which is just
a TED one hundred billion in ki We say is right.
And the point is that this super fun and is
generating returns of about ten percent perannum and one percent
(30:05):
of that would be eighty million, so paying thirty two
million towards our New Zealand super and reducing the tax
burden on the government or allowing that thirty two million
to be spent on health or education or pay parity
or whatever, would actually benefit the government in terms of
(30:29):
its fiscal position, but wouldn't damage the Super fund at all.
And as I say, that's exactly what this fund was
set up to do, to reduce the cost of New
Zealand Super. As our population ages and we live no longer.
Speaker 2 (30:44):
Okay, interesting, I'm thirty years away by make calculating from
retirement age. By the time I get there, will New
Zealand Super exist? Do you think should so?
Speaker 13 (30:56):
Without question? Because of this fund and because of the
system we've got now. One of the key issues is
whether they put the age up to seventy make you wake,
wait another five years.
Speaker 3 (31:07):
You've got to work for the other five right, But.
Speaker 13 (31:09):
In actual fact, now with the health costs and the
changing population that we've got a bit more Mari pacifica,
we think that the age of retirement should stay at
sixty five. So the less moving of the goldpost they do,
the better, But the less texts they take out during
the accumulation phase, the better.
Speaker 2 (31:30):
Two Jonathan Erickson, Superannuation and Super Fund expert fascinating stuff
eight minutes away from six News Talks theb Maright.
Speaker 1 (31:36):
Next, the First Word on the News of the Day
Early edition with Ryan Bridge and One Room to Make
Your Property, Surgeon Symbol News Talk ZIB looks.
Speaker 2 (31:46):
Away from six on News Talks ZIB. Mike is with
us now, Good morning, Mike.
Speaker 14 (31:50):
Two questions for you.
Speaker 3 (31:51):
You ready?
Speaker 2 (31:52):
Yes?
Speaker 14 (31:52):
In what way has the Trump Administration's treatment of the
border put you off or not traveling to the United States?
Speaker 2 (32:00):
No, because you look at the overall numbers and that
nothing's changed, So you take the risk. You take the risk,
and I think the probleming you've got is that it's
all in the media, so there's a lot of focus
on it. So every time someone gets frisked, you hear
about it, and so you have.
Speaker 14 (32:14):
No fears whatsoever.
Speaker 2 (32:15):
Okay.
Speaker 14 (32:16):
Second question is would you go to watch Wrexham simply
because here?
Speaker 2 (32:23):
Yeah? Would you go to watch.
Speaker 14 (32:24):
Wrexham simply because Reynolds owns the side?
Speaker 2 (32:28):
I was thinking about this very point yesterday. Well, first
of all, billionaires and famous people owning football clubs, but
are they actually any good? I don't know anything about them.
Speaker 14 (32:37):
As Wrexham's an ordinary site.
Speaker 2 (32:39):
So it is about the star pouner.
Speaker 14 (32:41):
This is what I'm asking.
Speaker 4 (32:42):
I don't know.
Speaker 14 (32:42):
So you notice the sports news, if you're listening to that,
they're suddenly saying we don't know whether Ryan Reynolds is
coming with the Wrexham side. Now, why is that a
sports story.
Speaker 2 (32:50):
It's not a sports star or a fanboy thing.
Speaker 14 (32:52):
It's a fanboy thing. So if you want to go
see Ryan Reynolds, fantastic, that's okay. But why would you
go see Wrexham, which you've never heard of? You have
no interest. It's a good question under normal circumstances. See,
people don't. I'm out there on the newsroom. No one
asked these questions, right.
Speaker 2 (33:05):
Well, it's like, why did people go and watch the
super Bowl? It's because of Taylor Swift. No that's not true.
Speaker 14 (33:11):
Well, well we go watch the super Bowl because it's
the culm and angement, but the event as an event.
But Rixm's not an event. Rixam's only owned by a
guy you might have heard of in a movie. You
might have seen the same way Tom Brady's bought I
can't even remember the size of Boomingham whatever he's bought.
In the British Football League. If they came out here,
(33:33):
you know nothing about them, would you go watch them?
Speaker 2 (33:35):
Just because? Tom Brady? But your problem is not with me. Mine.
Your problem is with the sports people. So we're hyping
this up. Oh no, my problem.
Speaker 14 (33:42):
I'm not going but no, no, no, no, I'm just
I'm just interested in how we view these things. Well,
it's a weird old world in which we operate, isn't it.
You know what I'm saying. Nikola Willis, I've got her
on this morning. David Seymour, got him on this morning.
Got them all right, go around the going around the
cabinet table. A few secrets, all right, Mike's will be next.
Speaker 2 (34:02):
Have a great day. Run sin tomorrow.
Speaker 1 (34:11):
For more from Early Edition with Ryan Bridge. Listen live
to News Talks It'd be from five am weekdays, or
follow the podcast on iHeartRadio
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