Full Show Podcast: 03 October 2024

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
The only drive show you can trust to ask the questions,
get the answers by the facts and give the analysis.
Jack Tame on Heather Duplessy allan drive with One New Zealand.

Speaker 2 (00:12):
Let's get connected News Talk zaid B.

Speaker 3 (00:19):
News Talks DV. You were Jack Tame in for Heather.
A red rain warning is something that the southeastern parts
of the South Island have never experienced before until today.
Civil Defense says people need to be on high alert.
They're already putting out the sandbags around duneed and we're
going to take you there after five for the very
latest as that rain passes through. It looks like it
could be very, very very tricky. Indeed, as well as

(00:40):
that great numbers coming out of New Zealand Police with
new recruits looking to train as New Zealand Police officers.
Of course the government has that target five hundred additional officers.
They've seen a massive surge in the number of Kiwis
who want to become police officers. So we're going to
go to police after five o'clock as well. Right now
it is eight minutes past four, Jack tam so, I
was speaking just as you do with a couple of

(01:03):
millennial slash gen Z colleagues today about superannuation, of all things,
and what immediately became clear is that none of us
have any great faith that superannuation is going to be
there for us in the same form as it has
for generations before us. I'm twenty eight years off superannuation
at sixty five. As it stands, I just don't feel

(01:25):
that confident that superannuation is going to come at sixty five.
Nikola Willis said in the mood of the boardroom today
that she wants to have a serious conversation with her
political opponents about the viability and settings for superannuation going forward.
And look, no one is suggesting that we scrap super
No one's suggesting it shouldn't be available for those who
already receive it, But were they very well publicized, very

(01:46):
well signaled, very well illustrated aging population leaving superannuation settings
and eligibility untouched is going to be increasingly burdensome on
a relatively smaller working population. Now, there are some economists
who think we can still afford super in its current
form or something very similar to it going forward, But

(02:08):
the affordability problem isn't just the actual fortnightly benefit payments,
and yes, superannuation is a benefit. The problem is when
you combine the increasing growing SUPER bill with the inevitable
surge in healthcare funding. Think about it. Healthcare costs are
at their highest near the end of life, and the

(02:29):
older we get as a population, the more expensive our
healthcare becomes. So I agree with the Finance Minister we
do need a tough conversation about super. I also think
we are well overdue a good review of key we
SABER settings and whether our contribution rates as they stand
are anything like what will be required to supplement a
comfortable retirement in the future. And actually I think you

(02:52):
have to broaden out the tough conversation. As Treasury laid
out in simple, stark detail last week, New Zealand has
a structural deficit. We are consistently borrowing to cover the
cost of government spending. Even if these were normal economic times,
according to Treasury, New Zealand would still be in deficit.
So if we want the kinds of services that New

(03:13):
Zealanders have come to enjoy, and we want to continue
accessing those services with an older population, you can add
broader spending priorities, debt, productivity, drivers, and yes, tax and
revenue settings to the harder conversations lists. Jack two ninety
two is the text number, Jacket newstook zb dot co
dot in zet is my email address. Don't forget that

(03:34):
standard text costs apply if you're getting in touch. Police
have disrupted and arrested a teenager over a smishing scam.
I've never heard of the term either. Smashing users technology
never seen in New Zealand ever before. It involves sending
fraudulent text messages that are pretending to be from places
like banks in order to trick people into sending into

(03:55):
sharing sensitive information. So the device in this case is
believed to have sent thousands of scam text messages, including
about seven hundred texts in one night. Tom Roberts is
the National Cyber Security Center's team lead for threat and
Incident response and is with us this evening. CALDO, Good evening, Jack,
How are you? Yeah, very well, thanks. I'd never heard

(04:16):
of smissing until right now. So how does this technology work.

Speaker 4 (04:21):
It's quade an odd term, isn't it. It's something that yeah,
for the first time we've seen the So what it
does is a tower, faked tower tricks your phone through
four G, five G down to two G where there's
a lack of sort of mutual authentication and encryption, and
then it will blast out if a messages to whoever,
and they can the people that are making thesees can

(04:43):
basically put whatever they want in there. It could have
no links, it could have to be full of links.
But yeah, they get their money through pretending to be
something authentic.

Speaker 3 (04:51):
So they basically send out heaps and heaps of spam
texts and scam texts. Then they wait for a response
hope that they're able to elicit personal information from those responses.

Speaker 4 (05:05):
Yeah, and worryingly, what you can do with these sms
blasting attacked is that you can pretend to be a
shortcut so you know, a tailco number one of the
ones band.

Speaker 3 (05:17):
Yeah, so instead of saying from from to seven six
four four three nine eight seven, it says from one
four zero four. So it looks kind of professional.

Speaker 4 (05:28):
Looks very professional, hard to distinguish, and then you click
on the link saying, oh, well help, maybe my insurance
is dull or whatever, and good on the insurance company
or bank for getting in contact with Maybe all of
a sudden, you're entering in your details for someone to steal.

Speaker 3 (05:42):
How hard is it to get your hands on tech
like this?

Speaker 4 (05:47):
Well, it's if you know how to do it, you
can get it.

Speaker 3 (05:52):
So you're not going to tell us how to do it.
That wouldn't be very nice.

Speaker 4 (05:58):
I don't think the employe would be too happy about that.
The Internet's a big place. So yeah, someone that wants
to has for the inclination to do so, can do it.
I would say that it's exceptionally easy to see, and
that's why DIA police has been able to be so
quick on this. They've really done a fantastic job at

(06:18):
shoving this down quickly.

Speaker 3 (06:19):
How do you identify it?

Speaker 4 (06:22):
The telcos and DIA and the banks anomalies and the
reports going through to them, and then they're able to see, oh,
actually there's a fake cell tower that keeps on popping up,
and then you know, you can just sort of follow
your nose.

Speaker 3 (06:34):
Right, Okay, So a nineteen year old is believed to
have been behind these text messages and is going through
the legal proceedings at the moment. Do you need to
be technically literate in order to use this kind of technology?

Speaker 4 (06:49):
Yeah you do. Yeah, you do have to be quite
technically literate, and yeah, Ue quite young to be that
technically literate. It's something that typically the knowledge exists within
the telecommunications a radio spectrum community. But yeah, it is
available and obviously as person has found it and tried

(07:12):
to make best use of it unsuccessfully.

Speaker 3 (07:15):
Yeah, okay, I'm going to give you an opportunity just
to do the PSA. Then if you get a text
asking some personal information, even if it looks official from
something like one for zero four, what do you do, Tom?

Speaker 4 (07:25):
Yeah, you don't click the link. Don't click the link.
Report it to DIA on seventy seven two six. I think, yes,
don't with it. They'll stop it and you'll be reflected.

Speaker 3 (07:34):
Yeah, very good, Thanks for your time, Tom. That is
Tom Roberts, who is the team lead for Threat and
Incident Response at the National Cyber Security Center. He's got
a long business card. Indeed, thank you for your feedback.
Heads and heat to text already, Jack, I'm sixty nine
years old. I believe a couple of my friends got
super at least a couple of years too early. They're
still going strong. I'm sure they are still going strong.

(07:56):
The thing is that it's very hard to have one
roll for everyone. Right, So it's not easy to say
that everyone's necess hearing in the same neck. At sixty five,
William says Jack, I'm a financial advisor and retirement planner.
I was pro putting the age up until seeing the
Retirement Commissioner speak last night. Her rationale for no change
makes a lot of sense. Yeah, it's interesting. Jane Ritson
does make a really good argument. My concern though, when

(08:16):
it comes to the affordability of super like, I say,
isn't simply over the payments themselves. It's not the money
that goes out every fortnight to super innuitants. It's the
combination of that fiscal burden with what is inevitably going
to be a massive surge in health spending because older
people cost more money to treat and we are going
to have way more older people as a percentage of

(08:36):
our population. Ninety two ninety two is the text number
before five o'clock. And to give you details on the
plans the government is getting NZTA to consider when it
comes to introducing new tolls before the end of this
political term. Right now at sixteen past.

Speaker 1 (08:52):
Four, digging deeper into the day's headlines, it's Heather duper
c Allen drive with one New Zealand one leap for
business us talk it be sport with tab get your
bet on our eighteen bet responsibly do it and Jack.

Speaker 5 (09:09):
If you're thinking of it. This sailing Louis for time.
We're getting to the very pointed end now Friday night,
Saturday morning. It's it's almost it's a final if you will.
It looks like Jimmy Spittle, who we all love to hate,
and Luna Rossa could be curtains and heos. Pretend you
want too in the bounce last night, which means only
one race win from winning Luis vir Time and then

(09:30):
having the right to take on Team New Zealand become
America's Cup. Now wish their favorites one thirteen If you
fancy a bit of a stretch.

Speaker 6 (09:38):
We know what Spittle is like.

Speaker 5 (09:39):
What if they lose every racer now on and that's
what they have to do in the OLSA. But Spittle,
if you're mad, is playing five bucks. Member is R eighteen,
So do bet responsibly.

Speaker 3 (09:50):
Very good. Sixteen. All Blacks have been released for NPC duty.

Speaker 2 (09:55):
It sounds like.

Speaker 5 (09:55):
They're being kept in captivity when you say it like that.

Speaker 3 (10:00):
They've taken the you go.

Speaker 6 (10:03):
That's it.

Speaker 5 (10:04):
Be careful trying to eat too much raw meat. It's important,
plainly for two reasons. One reason, a lot of these
guys haven't really played, so they've got to get there
and and and bly but to steam off. Secondly, it's
really good for the competition to see some of these
guys back, because when you go back to these little
games and I can be playing it, they're not this time,

(10:24):
but cannby playing out that angy order and you stand
there and there's fairwise you and me right now, and
you can see them, and that is that idolization you
get from the younger folk out there. Even the middle
aged guys are still playing.

Speaker 6 (10:36):
It's it's big.

Speaker 5 (10:38):
Yeah, man, he's just like me.

Speaker 6 (10:39):
I can do that.

Speaker 5 (10:40):
Look he stinks, he's a bit hairy, he's got a scarf.

Speaker 3 (10:42):
Thinky are you pointing at me when you say this?

Speaker 5 (10:44):
No, I'm just making vague gesture.

Speaker 3 (10:49):
Top of my hands.

Speaker 5 (10:51):
And I think we're all looking forward to see can
Roy Guard survive. That's the main thing, the main thing.
Get out there, don't break please whatever you do, and tears.
They've got a whole lot of rock stars coming back.

Speaker 3 (11:03):
Not they need them. Last night.

Speaker 5 (11:06):
Yeah, yeah, yeah, they defended their shield and they'll keep
doing it up against Tyrannica.

Speaker 3 (11:10):
That was pretty look pretty unpleasant last night, and we asked,
as much as I love tra Fogo, park I thought, oh,
it looks like a very wet well, it's kind of
early spring.

Speaker 5 (11:19):
That's what you expect right there.

Speaker 3 (11:24):
So we have a keiwe fighting for a world boxing
title tomorrow night.

Speaker 5 (11:29):
His name is Andrea Mikaylovich and he is quite aggressive
and very good at what he does. And this is
a fight that was supposed to be held a month
ago in Las Vegas, but Jabick, the guy who he's fighting,
he didn't make weight, He didn't make the cart, so
they had to postpone and slow the match down. So

(11:50):
Andre and Peach, that's his coach, ies out. Peach plainly
feilthy about that, But how do we had a twenty
eight days twenty nine days? The fights on Mia Motu
is also on the card. It's a co main event,
so two qiwi over there having an absolute crack the
faith that this guy has in his own ability, which
is not unusual when you look at boxes, because if

(12:12):
you don't have faith in what you do, when you
go out there.

Speaker 6 (12:14):
It's not a game.

Speaker 3 (12:15):
Yeah, you don't play boxing O.

Speaker 5 (12:18):
No, No, it's serious, and it's on tomorrow night. It's
pay per view. And I've had a wee bit to
do with this guy since he burst onto the scene,
a lot of time for what he does and who
he is and how he fights. I thought that initially
he tried to unload everything all in the first thirty seconds,
which is not ideal. And I think that he's honed

(12:38):
his game somewhat now. But this guy that he's fighting
is a world champ, and he's a world champ for
a reason. So he's definitely going to meet somebody that
he's not going to have his number. What he might,
he never know. So looking forward to that one, and
he'll be joining Sports Talk around about quarter to eight
tonight to talk about it the way it happened, only

(12:58):
about an hour and ago. And both fighters rome and underweight,
so they're fine.

Speaker 3 (13:02):
Okay, that's all good, very good, very good. Looking forward
to that, Thank you, sir. Darcy Waldergove will be all
with us for Sports Talk this evening behind the mic
from seven o'clock Jack regarding the young man and this
alleged scamming. Instead of ruining this young person's life in
the court, let's get him hooked up with an IT company.
He's obviously got talent.

Speaker 6 (13:19):
Jack.

Speaker 3 (13:20):
Regarding superannuation, stop picking on super It costs less than
the benefits paid out to the lazy who refused to work.
How about looking at those is Phil? Well, Phil, I
have just done the numbers for you. Superannuation costs are
about four times higher, off the top of my head
than job seeker support, maybe even more so. Yeah, superannuation

(13:41):
in terms of wealthier benefits in New Zealand, and yes,
superannuation is considered well for you. It is many, many, many,
many many times more expensive for New Zealand than job
seeker support, which is not an argument for scraping it necessarily.
But yeah, thank you for your feedback. Nonetheless ninety two
ninety two If you want to send us the message,
it's twenty three past four.

Speaker 1 (14:02):
The day's newsweakers talk to Jack first, Jack dame On,
Heather Duplessy Alan drive with one New Zealand.

Speaker 2 (14:09):
Let's get connected news.

Speaker 3 (14:10):
Talk instead, be twenty six past four on news talks.
He'd be Jack, get off. The super case is a thing.
Called the Color Fund, which is for the very purpose
of bolstering the superannuation. Yes, the superfund is useful. You
may remember that we decided to pause some of the
payments into the super fund there for several years, so
it's not nearly as plump as it might have been.
Certainly won't be enough to cover the demographic changes if

(14:33):
eligibility doesn't change. Jack, don't forget Martin pacifica on average
diet earlier than other ethnicities, so raising the superage will
mean that they will miss out more than everyone else.
And Jack, your lack of knowledge in the superspace is astounding.
I'm eight months off sixty five. I started my working
life at the age of fifteen. One thing that has
consistently changed in my life is super No problem with that.

(14:54):
The thing that grinds my gears is yours and the
generation below seem to think there has been very little change.
Did I not start the show and say that I
think we do need to have a hard conversation about superannuation.
That was exactly my point. But thank you very much,
Grant ninety ninety two. If you want to send us
a message before five o'clock'll get the latest on the
Middle East, Israel still vowing to respond after Iran fired

(15:16):
missiles at Israel in response to Israel's incursion into Lebanon.
We'll get you the details on that. News is next
though on news talks edb.

Speaker 1 (15:26):
The man you trust to get the answers you need,
Jack tame On, hither duples see Alan drive with one
New Zealand.

Speaker 2 (15:33):
Let's get connected and news talk as sid.

Speaker 3 (15:35):
B exku Storks'd be you with Jack taim Interesting numbers
from the census data dump today or nothing like a

(15:57):
big release from Statistics New Zealand to get the blood
pressure up. A couple of things. Though you know you've
got all your normal population stuff blah blah blah, but
a couple of interesting things stuck out to me. So
first of all, it's the first time we've had data
on gender and sexual identity, so this may not be
a huge surprise to people. But New Zealand's city that

(16:18):
has the highest percentage of people who identify as being
in the lgbt QIA plus community is Wellington. That's also
the city that has the highest number of people who
use public transport to work. Anyway, his I don't know,
I just love that the census measures this. There has
been a dramatic drop in telephone use in New Zealand,

(16:39):
a dramatic drop. So back in twenty eighteen, two thirds
of New Zealand households reported having a landline, well just
under sixty two percent. Twenty twenty three, thirty one percent.
To be honest, I'm still surprised it's that high. Thirty
a third of households still have a telephone. I'm surprised
at that. But here's the thing. There is one region
in New Zealand. We'll do this as a pop cause

(17:00):
one region were landline use is still incredibly high at
seventy three percent. So mull over that for a couple
of minutes. I'll give you the answer very shortly. Right
now it is twenty four minutes to five.

Speaker 2 (17:12):
It's the world wires on us talks. It'd be drive.

Speaker 3 (17:16):
Oh, and Israel is still vowing to respond to Iran strikes.

Speaker 7 (17:21):
We will respond. We know how to locate important targets,
we know how to strike with precision and power. We
have the capabilities to reach and strike any point in
the Middle East, and those of our enemies who have
not yet understood this will soon understand.

Speaker 3 (17:36):
Former National Security Advisor John Bolton has warned the response
could target nuclear sites.

Speaker 8 (17:41):
I think it's very likely that the nuclear program could
be a target for several reasons. First, this is something
that Prime Minister Netnya, who behind any other Israeli politician,
has recognized as the existential threat for Israel.

Speaker 3 (17:56):
And they have to worry that the next time.

Speaker 8 (17:58):
They see a ballistic missile and dad them it could
contain a nuclear weapon under a nose cone.

Speaker 3 (18:04):
J d Vance has seen why he didn't answer that
twenty twenty election question, and last night's debate, well.

Speaker 9 (18:10):
Look here, here's here, here's the simple reason the media
is obsessed with talking about the election of four years ago.
I'm focused on the election of thirty three days from
now because I want to throw Kamala Harris out of
office and get back to common sense economic policies.

Speaker 3 (18:24):
I'm not sure that it really did answer it. In mind,
things were also getting spicy on the TV networks with
Trump's former campaign manager, Corey Lewandowski and Jim Acosta.

Speaker 8 (18:33):
Whether it's my Orcis or it's Kamala, or it's Joe Biden.

Speaker 2 (18:38):
Resource Mala, what is this, Kamala?

Speaker 10 (18:40):
It's Kamala, Harris, Corey, you've been in this business a
long time. You're I think you're a mature grown up.
It's kamala, Harris. Can you just say can you say kamala?
Or you cannot say kamala?

Speaker 2 (18:51):
Jim ninety nine murders that come into the country.

Speaker 10 (18:55):
You say, yeah, Well, Corey, I you know, I appreciate
you coming on.

Speaker 6 (18:57):
Maybe we'll have you back.

Speaker 3 (18:59):
And finally.

Speaker 11 (19:05):
Yes.

Speaker 3 (19:07):
A mum has been arrested at the happiest place on
Earth after she allegedly tried to sneak her kids in
for free at Disneyland. The mother lied about her children's age,
with under threes getting in free. It turns out it
was the fourth time in two months she'd snuck the
children in, but the first time that she had been caught.

Speaker 1 (19:28):
International correspondence with Ends and Eye Insurance, Peace of Mind
for New Zealand Business and.

Speaker 3 (19:34):
It's fightinly correspond to Murray Olds is with us this afternoon, Hi, Murray,
Very good afternoon, Jack. So Sydney has an application by
the police to stop to pro Palestine in marches this weekend.

Speaker 12 (19:45):
Yeah starts in about twenty one minutes from now. The
New South Wales Supreme Court is meeting this afternoon special
session to hear this application from New South Wales Police.
There's an outfit called the Palace Tan Action Group. It's
held rallies every weekend in the last twelve months fifty

(20:06):
one weeks in fact. But police say have a rally
this weekend, this Sunday and then on the Monday, which
is the anniversary of the Humas attack in Israel. Simply
two greater risks, the police say, the public safety, particularly
on the Monday. It's a long weekend here coming up.
We got the Daylight Saving kitchen as well, so Monday's
a holiday.

Speaker 6 (20:26):
Monday.

Speaker 12 (20:27):
Police do not want to have every single police officer
from the North Coast down to the South coast.

Speaker 6 (20:33):
In Sydney trying to kick the peace.

Speaker 12 (20:37):
They had thirty thousand people on the street jack in
Sydney last Sunday, so these are not small protests. One
woman arrested for waving a Hesbalah flag. Palestinian supporters have
already said, doesn't matter what the Supreme Court's got to say.
We're going to run march and rally anyway. On Monday,
they're planning a candle lit vigil. No flag waving, no

(20:59):
nasty speeches and all that sort of stuff. But in
any event, one thirty we understand there was to be
a snap protest march in the city in the same precinct.

Speaker 6 (21:10):
As a Supreme Court.

Speaker 12 (21:12):
So look, it's it's a pretty fragile situation here in town.

Speaker 6 (21:18):
There's you know, elevated feelings on both sides.

Speaker 12 (21:22):
If you and police just want to try and maybe
just put a dampner on it for this weekend.

Speaker 3 (21:27):
Can I can I suggest that's not going to work.
It seems seems to me to me like even if
they try, are they really going to be able to
stop these protests from going ahead? And if these protests
they're trying to go ahead, you're gonna have clashes between
police and protests. It seems like, I don't know, trying
to maybe work with them is going to be a
better option, if you know, if having a decorum and

(21:52):
stability in public as the goal.

Speaker 12 (21:54):
Well, you know, I mean, let's just waiting to see
you which way the mop flops. Because there's a sureme
court has got under a bit of pressure. It's got
to make a decision well, either today or tomorrow, because
this Saturday Sunday Monday. Yeah, but you know that there
are people arguing for your side of things. You know,
let them protest peacefully.

Speaker 3 (22:13):
I'm just saying it's not necessarily even a question of
whether you agree with the protesters or not. It's not
a question about sides. It's just a question of whether
or not trying to ban a protest is a good
way of stopping people from coming out onto the streets,
because I'm not sure that it is necessarily.

Speaker 12 (22:29):
If you go back about forty years and there was
a forty five fifty years now and a government minister
was arrested for leading an.

Speaker 6 (22:39):
Anti Vietnam war protest.

Speaker 12 (22:41):
Yeah, five hundred Australian soldiers were killed in Vietnam and
a minister of the day, the Minister of the Crown,
was arrested.

Speaker 6 (22:47):
So look what's happened before, I dar say it Eleaven again.

Speaker 3 (22:50):
Yeah, now, Murray, speaking of the situation in the Middle East,
numerous Australians are desperately trying to get out of Lebanon.

Speaker 12 (22:57):
Yeah, that's right, and we understand there are two flights
that have been arranged in the last little while for
Australians out of a route Amazingly that international airport is
still working, but seats are at a premium.

Speaker 6 (23:08):
As you might expect.

Speaker 12 (23:09):
Around fifteen thousand Australians are in Lebanon. Many Australian citizens
have retired there, and Penny Wong, the Foreign Minister, is
saying there at least seventeen hundred of those Australians in
Lebanon have registered with the government, indicating I would like
to get out if possible. As I say, a few
dozen seats have been secured on a commercial flight or

(23:32):
two that's already left Lebanon, but we understand two more
flights now have been arranged in the last well in
the last three or four hours. So let's just wait
and see how many people can get out if you
want to.

Speaker 3 (23:43):
Yeah, because no land borders really that can cross, right,
You've got Syria, that's right, and then Israel. So yeah,
you're stuck if you can't get out on one of
those flights. Changes Coming to the National Disability Insurance Scheme, Marri.

Speaker 6 (23:55):
Yeah, this is a scheme that it was established. I
looked at it.

Speaker 12 (23:59):
I was I'm sure exactly how long this has been here.
It's been around since twenty thirteen. The full rollout happened
in twenty twenty and basically this provides for a range
of services for people living with disabilities here in Australia.
The trouble is it's been so popular the government has
now tried to rein it in.

Speaker 6 (24:18):
If it wasn't rained in, they were looking at one hundred.

Speaker 12 (24:22):
One hundred billion dollars I beg your pardon a year
by twenty thirty five, completely unsustainable. That's more than education
now from the bloody defense budget. So what they've done
as of today there are new rules governing what the
National Disability Insurance Scheme will pay for the government's been
under pressure of course ton spending now parliamentary inquiries, many

(24:43):
of them have heard some pretty awful stories about basically ripoffs,
how some of the cash.

Speaker 6 (24:48):
Has been spent.

Speaker 12 (24:49):
There have been all these shocky therapies involving crystals, cuddle,
something called cuddle therapy. I need a bit of that,
the sound therapy, aroma therapy, tarot cards, clairvoyants.

Speaker 6 (25:02):
So that's all out. The NDAAs won't be paying for
groceries or holidays or homeschooling.

Speaker 12 (25:08):
The systems being streamlined down to thirty six categories and
those with recognized disabilities will continue to get all the
support they need, for example, speech therapy or wound care.

Speaker 6 (25:19):
If you need continence therapy at home, that's all covered.
Spinal cord injury, brain injury.

Speaker 12 (25:25):
That's covered too. What they're trying to do, mate, is
get rid of all the shanks. Who I mean there
was one guy apparently he was billing a million dollars
a month and there were noah arm bells ringing.

Speaker 3 (25:36):
That's insane. Surely he was offering more than cuddle therapy.

Speaker 6 (25:40):
There was well are you in hope? So I hope
you got your shopping done as well?

Speaker 3 (25:44):
Yes, yeah, hey, thanks to there. Murray appreciated it as
always Bury Old, our Australian correspondent. What did I say?
Seventy three percent of houses in this one region, according
to the latest census data, still have land lines. So
we're only only a third of New Zealand household have
landlines according to the centers, but seventy three percent in
this region. It is, of course the Tannam Islands.

Speaker 6 (26:05):
But you knew that.

Speaker 1 (26:05):
Quarter to five politics with centrics credit, check your customers
and get payments certainty.

Speaker 3 (26:11):
And New Zealand Herald Deputy Political Editor Thomas Coggins with
us this evening kild to Thomas cleaving Jack. So, mood
of the boardroom this morning, what has the response been?

Speaker 13 (26:21):
Yeah, really interesting mood of the boardroom this morning. Unsurprisingly,
businesses are feeling pretty positive. They tend to like a
center right government and tend to be pretty skeptical of
the center left government. So you've seen a lift and
sentiment across the board. Interestingly, we've got Erica Stamford coming
out on top. Typically you have, well, certainly the Finance

(26:42):
minister tends to be number one. That was the case
under Label where Grant Robinson tended to come first, and
under National where the last National government with Bill English
came first. And but but you know, quite interestingly this
time round, under the last National government, John Key obviously
very popular, tended to come second. Christoph Luxon this time around,
coming a distant sext after Judith Collins even who's obviously

(27:05):
the former National Party leader. So so some positive stuff
for the in there for Christopher Luxon obviously that that
people tend to like what businesses tend to like the government,
uh and and tend to be pretty favorable to what
it's doing. But some concerning kind of signals to him
that he is not, you know, in that top kind
of top three. So the rankings are are Eric Stanford,
Simeon Brown, Nichola Willis, christ Bishop Judith Collins, and then

(27:28):
Christopher Luckson.

Speaker 3 (27:30):
I don't think nothing too surprising the ra you know,
there's no no real bolter in those kind of results.

Speaker 13 (27:36):
No, there's nothing, there's nothing. There's nothing that would suggest
that the boardroom as we're seeing something different from the
general public. I think if you were to ask the
public for their own rankings of the cabinet, provided that
they knew who they were, because people tend not to know.
I have a deep knowledge of of who they were.
But but but I think it would be fair to

(27:57):
say that those that those are all quite high performing ministers.
So Inness of liucencing as much today, he said, you know,
obviously he would say this, but he said he was
proud to have a clearly have a good team around him.

Speaker 14 (28:07):
Yeah.

Speaker 8 (28:07):
Right.

Speaker 3 (28:08):
The government is to consider hiking road charges and tolls
to help n z TA before the end of the term.

Speaker 13 (28:14):
Yeah, this is a really really interesting one. It's sort
of been bubbling away in the background even since Labor
Labor was in charge. As anyone paying attention to to
the news would know, we've had some pretty incredible infrastructure
cost inflation recently, and that hasn't been helped by some
incredible infrastructure promise inflation. We both Labor and National have

(28:35):
promised some very expensive infrastructure projects towards the end of
the term and certainly towards the end of the decade.
What this means is that the revenue n z TA
gets from fuel taxes and road user charges that is
not going to be sufficient for their expenses, which tends
to be on maintaining infrastructure, potholes, that sort of thing,

(28:57):
and also building new infrastructure. The deficit by the end
of the decade is expected to be six billion dollars,
so that's really quite an eye watering some NZTA was
wanted an assurance from the government that if it got
into trouble the government would bail them out, and and
so the government has given nz TA that assurance and said, well, look,

(29:18):
you know, if you get into trouble, we will consider
helping you out with with these new revenue increases. But
obviously that rather cuts against the ideological commitment of the government,
which is to keep revenue low.

Speaker 3 (29:30):
Yeah right, and Wellington's long tunnel investigation is taking longer
itself than expected and then costing more as well, so
that's good.

Speaker 13 (29:38):
Yeah, yes, this is an incredible project. So that this
if you come into Wellington you will know that there
is a very bad good luck. This proposal is quite
quite an incredible sort of pie in the skies of
proposal that that you would you would essentially go into
a tunnel at Mount Victoria and you would pop up
on the other side of Wellington CBT, CBD would effectively

(30:00):
I passed the entire CBD. It's quite incredible. People think
it was potentially too expensive. Jed Ta is having a
look at it, but the investigation though I meant to
something brown. The Transport Minister said he would like this
investigation wrapped up by the middle of the year. It
is well passed the middle of the year. They are
still looking at it and the investigation has called it.

(30:21):
The consultants have built one point six million dollars on this,
so costing a lot as well. I know this thing's
never come cheap.

Speaker 3 (30:28):
No, no, that's it. Hey, thanks Thomas, I appreciate it.
That is Thomas Coglin, the New Zealand here all Deputy
Political editor. Right now it is eight minutes to five.

Speaker 1 (30:37):
Putting the tough questions to the newspakers the mic asking breakfast.

Speaker 15 (30:41):
GPT has got their annual conference on. If you have
a look at the conference papers gives you an idea
of what they're discussing on what their priorities are.

Speaker 8 (30:47):
This is it.

Speaker 15 (30:47):
Number one, Remove all references to gender from their constitution
and replace Schihi with they. Number two, replace all references
to the Treaty of White Tongy with Triti or White Tongey.
Number three, lobbying for taxpayers to fund queer community roles
in all schools whose jobs will be to campaign for
Kuo Angatahi in their rights. And before PPTA has become
a peace organization and lobby the government on foreign policy.

(31:08):
Maybe when they finished with all of that, they can
think about how to get those maths grades up. I mean,
how about you teach the kids' maths first and then
you start getting involved in the Middle East.

Speaker 1 (31:16):
Hither duplicy Ellen on the mic Hosking Breakfast back tomorrow
at six am with the Jaguar f Base on News Talks, EDB.

Speaker 3 (31:25):
News Talks, dB hit with Jack Taiman for head that
Tozy Allen, they have just released the ministery or credit
cards for the last quarter and the credit card spending
for the last quarter. It's always a good read and
there's no suggestion that any of the ministers are spending
money on anything they shouldn't be at the moment. But
for example, the prime ministers spent just under one thousand
dollars between April first and June thirtieth, including a four

(31:46):
hundred dollars Harmonica, which was like, oh what sorry? What
was the official purpose? Of course it was a gift
for a foreign dignitary. He was giving it to Prime
Minister Rebuka during his visit to Fiji and June, so
that seems reasonable. This may not come as a huge surprise.
David Seymour had one of the lowest spends, seventy five
dollars on his work credit card for the three months.

(32:07):
Chris Bishop racked up four and a half thousand dollars,
most of which related to a trip that he took
to the UK for some infrastructure meetings. And so when
the ministers are away they're allowed to buy food on
their credit cards, you know, which seems reasonable enough. Anyway,
a lot of Chris Bishop spending. It turns out, wasn't
it fancy restaurants. It was at McDonald's, and a spokesperson
for the minister said this to one news quote. The

(32:29):
minister takes seriously his responsibility to be a prudent guardian
of taxpayer money. He also really likes fast food. His
waistline is proof of that. So there you go. After
five o'clock, we're going to get you the very latest
on the red rain warning covering parts of the South Island,
as well as that the police are delighted at the
number of new potential recruits. So will it mean that

(32:51):
government will hit their promise their target five hundred additional
officers on the beat? News is next though, I'm Jack Tame.
This is news dogsbes.

Speaker 1 (33:03):
Pressing the newspakers to get the real story. It's Jack
Dame on. Hither dup to c allan drive with one
New Zealand let's get connected news to all said.

Speaker 3 (33:12):
B Otago is on standby for potentially unprecedented rainfall across
the region, with a red heavy rain warning and up
to one hundred and fifty millimeters of rain expected to fall.
Dunedin Civil Defense bunker has been activated. In the Met
Service says there are possible quote threats to life. Matt
Ali is Otago Civil Defense Group controller and is with

(33:35):
us a snigod evening cure Jack. What's the latest.

Speaker 16 (33:40):
Look, We're continuing to monitor rain as it's falling. We
have our emergency Operations Center in Donedan City and closes
their Inne Coordination Center in Dunedin as well, fully activated,
monitoring the rain as it falls.

Speaker 3 (33:53):
Yeah, some pretty out there language in the Met Service
warnings that they're saying that potentially the extreme rainfall could
cause quote a threat to life from dangerous river conditions
and significant flooding and slips. Just how present is that
threat to life do you think?

Speaker 16 (34:10):
Look, we're asking means of the community to stay away
from low lying flood prone areas, stay out of flood floodwaters,
and don't drive through any floodwater. So if they see
rising waters as well, we encourage them to be ready
to south evacuate. Don't wait to be told. If you
see it, make a decision and go.

Speaker 3 (34:29):
What's your biggest concern at the stage.

Speaker 16 (34:30):
Matt, Look, we're monitoring the waters at silver Stream. We
expect the spill way to overtop during the night. We
think that's largely to go on to farmland, so we're
going to monitor that through the night. Also, areas of
south the need and experiencing some ponding as the stormwater

(34:51):
network sort of deals with what's coming down. So at
this stage, mostly those areas around the sort of Mouscule
Tierrie area and then through south to Eden.

Speaker 3 (34:59):
What's the likelihood need to issue evacuation orders?

Speaker 16 (35:03):
Look, I would say unlikely at this stage, but as
I said, we've got teams, we'll be working through the night,
and we'll be proactive in that space.

Speaker 3 (35:10):
Yeah, at what point do you think you'll be through
the worst of it?

Speaker 16 (35:14):
Look, we're expecting two peaks, so one at around midnight
tonight and a second peak is the weather, it's probably
mid afternoon tomorrow.

Speaker 2 (35:21):
Right.

Speaker 3 (35:22):
Have these regions ever experienced rainfall like that which is
forecast at the moment.

Speaker 17 (35:28):
Yeah, we have.

Speaker 16 (35:29):
We had an event in twenty fifteen and another one
in twenty seventeen that that was sort of comparative, So
this isn't unknown and the communities have dealt with things.

Speaker 17 (35:38):
Like this before.

Speaker 3 (35:39):
Okay, do you feel sufficiently organized for the rainfall at
the stage.

Speaker 4 (35:43):
Yeah.

Speaker 16 (35:44):
Look, we've been really well supported by the Ottaga Regional Council,
other local councils in Dunedin City, Waitaki and Kooper and
we've got some really good support from our emergency service partners,
Police for an Emergency, Saint John as well as MPI
and in THEMSD with us.

Speaker 3 (35:59):
Finally, then give us that message once again for anyone
in these affected areas, what do you want them to do?

Speaker 16 (36:04):
Look, just stay off the roads. Please put off any
non essential travel again. If you see water coming up,
if you feel like you've been thriven by that, don't
wait to be told, make the decision and go.

Speaker 3 (36:16):
Thanks Matt, that's Matt Ali from Otago Civil Defense. We're
going to keep you up to date with the very
latest just as soon as any updates come through for
met Service or Civil Defense over the coming hours. Right now,
it's ten past five. Team and new applicants to police
have more than doubled in the last year. They're seeing
the highest numbers since application records began. And to help
keep up with the influx of potential new recruits, the

(36:37):
Royal New Zealand Police College is going to increase its
capacity of their recruit wing by twenty five percent. Assistant
Commissioner for Leadership, Talent and Development, Jill Rodgers is with us.
Good afternoon, Kilder, How are you very well. Thanks? What's
driving the increase in applications.

Speaker 14 (36:53):
I think it's a.

Speaker 18 (36:54):
Number of things. So we've slowly increased our profile, and
I think the recent ad campaigns and just the general
environment has changed, and we've seen the applications increase enormously
in the last sort of six eight months.

Speaker 3 (37:10):
So how many applications have you had this year and
how many are actually likely to become police We've had.

Speaker 18 (37:17):
Five and a half thousand applications just in twenty twenty four,
which is well over double what we had last year.
The conversion rate fit's at about ten percent of those
people that have the aspiration that they want to be
a cop that actually gets through it because it's a
pretty rigorous twelve step process, so only about ten percent
may cap to the Police College. But that's looking really

(37:40):
promising for us to have had that increase in the
numbers and the pipeline much flusher than it was.

Speaker 3 (37:45):
So will this mean if you're increasing the capacity at
the Police College that you will also have to increase
the number of trainers and mentors who are working to
train the new recruits.

Speaker 18 (37:55):
Yes, it will so obviously increasing the wing sizes to
one hundred, which as we're planning to do from April
next year, that has extra extra sort of responsibilities and
sort of capacity issues around not only the trainers and things,
but also the facilities that you have. So a lot
of our training is technical, requires tactical assets and things

(38:16):
like that, so it's a big piece of work too,
and that's why we've sort of looked at April next
year to allow us that lead in time to make
sure that we're good to go, we're not holding the
people in the pipeline for longer than we need to,
and that we're well planned and ready to sort of
increase from April next year onward.

Speaker 3 (38:34):
I know we've looked at in the past, but what
do you reckon about having a training college in Auckland
or another center.

Speaker 18 (38:41):
Yeah, it's the reality is that the college it's putda
was built in nineteen eighty one, so it's fair to
say she's growing at the seams and we probably have
outgrown it. So it's certainly part of my planning and
what we're looking at is if we're putting wings of
that size, simple factors, the capacity will be reached with

(39:02):
just our recruit training through OURNDPC in the very near future.
So it's exciting, and it makes sense for us to
look in that tammocky Makoto environment because you know that's
where the bulk of our people will come from. So
I think it's just a good sensible decision for us
to start looking around there. But that doesn't mean that
other sort of geographical areas wouldn't also be able to

(39:26):
deliver training that doesn't need to be done at the
Police College.

Speaker 3 (39:29):
Is government on board would that?

Speaker 18 (39:32):
And we've been really well supported with what we need
and we're doing a lot of the planning around it
as I sort of logistically, it packs a lot of
sort of planning to work out exactly what the needs
are and we're shifting resource where looking at what new
resources we need. So it's an exciting time for us.

Speaker 3 (39:48):
Very good And what are the numbers who are applying
to go through training mean for the government's target of
those five hundred additional offices.

Speaker 18 (39:57):
Well, it's exciting. It just gets us closer and closer
to its that five hundred on. So it's all looking
a really promising picture.

Speaker 3 (40:04):
Thanks for your time, Jill. That is Jill Rodgers, who's
the Assistant Commissioner for Leadership, Talent and Development for the
New Zealand Police. If you want to get in touch,
nine two nine two as the text number. And a
couple of minutes, Defense Minister Judith Collins, she's been having
a big meeting with counterparts from around the Pacific and
they just announced this new Pacific Response Group which is
like a multilateral force that will go and assist in

(40:26):
Pacific countries. So she'll tell us a bit more about
that in a few minutes. Right now, it's fourteen past five,
seventeen past five on Newstalk zb New Zealand's been hosting
the South Pacific Defense Ministers Meeting in Auckland. It includes
defense ministers from Australia, Feeg and around the Pacific and
they have discussed approaches to non traditional security challenges and
regional security risks. The group has decided to immediately establish

(40:48):
a new Pacific Response Group which will create greater certainty
to Pacific island countries in advance of an incident. Judith
Collins is the Defense Minister and is with us this evening,
good evening Jack is a non traditional security challenge, just
a code word for China.

Speaker 1 (41:05):
No.

Speaker 18 (41:06):
I think it's the fact that we are dealing with
a whole lot of security challenges, whether it's the effects
of climate change, the volcanos, all those sorts of things,
or else. It's in particular the transnational crime that has
unfortunately come into the specific and it's all about drugs

(41:27):
and that sort of behavior and money laundering. So yeah,
they're not what people necessarily think about as defense issues,
but they absolutely are.

Speaker 3 (41:35):
How much does China factor in your conversations?

Speaker 18 (41:39):
We certainly spoke something of that. I mean, I think
everybody was very disappointed that regarding China's intercontinental ballistic missile test,
people didn't know about it. New Zealand was told a
couple of hours beforehand in Beijing, but most of the people,

(42:00):
most of the countries over whose territory would have flown,
did not know about it, and people felt that that
was unwelcomed, unexpected and unnecessary tell.

Speaker 3 (42:13):
Us about this new force.

Speaker 18 (42:16):
Yeah, so something we discussed last year in December, our
very first we call it the Spudham meeting, and we
thought it's an Australian idea. We think it's a great idea.
We've talked about it, worked on it all year and
potentially it's based in Brisbane to start with. It'll have

(42:37):
a couple of seenior people from New Zealand, from tom
from all around the Pacific militaries and what they're going
to be doing is getting to find out what people
have got, being able to coordinate responses to emergencies so
that not everybody is charging in the same equipment or

(42:58):
the same So if we take for example, what's happened
in Tonga in the relatively recent past around the Hunger
volcanic eruption, best if we're all understanding what everyone else
is bringing and also, by the way, making sure that
Tonga and any others of their country wants what we've

(43:20):
had rather than us just presuming we know.

Speaker 17 (43:23):
So that's what this is all about.

Speaker 3 (43:24):
So you've got that that's the advisory team that makes
up part of the Pacific Response Group, right, But would
the Response Group, once it's established, would that respond to
security threats as well as natural disasters?

Speaker 18 (43:38):
Well, we felt that the it's actually not creating its
own military like that.

Speaker 17 (43:43):
It's about really it's a coordination response.

Speaker 14 (43:46):
So so so.

Speaker 18 (43:47):
Perhaps the last issue where the situation security situation where
Pacific countries were involved in a response was in the
Solomons Amzi response, and you remember Australian, New Zealand and
all around the Pacific we're involved in that. And this
is actually giving that, you know, some sort of structure

(44:08):
so that we can work together to do those sorts
of things better because we know that even though we
are a very peaceful ocean, every now and again something's
going to happen and we need to be prepared.

Speaker 3 (44:19):
But it basically means that that if there is a
natural disaster or if there is a security threat and
this group is invited in in the future, you go
in alongside the Australians, alongside other countries with a coordinated
group or force in order to respond.

Speaker 18 (44:37):
You have got it in a nutshell, that's on invitation.
It's working together. I mean, these are the nations in
the South specific who have military capability. And you know,
the question is why wouldn't we want to work together.
We've already worked together and it's just giving it structure.

Speaker 3 (44:54):
Could they be armed?

Speaker 17 (44:57):
We hadn't thought about that.

Speaker 18 (44:59):
I would expect that it would only be if that
was what the host country wanted, and even then only
if we wanted it. Obviously, there are times when that
might be necessary, but hopefully not, and more likely it
will be around natural disasters.

Speaker 3 (45:14):
Hey, thanks for your time. We appreciate it. Oh but
before I let you go, do you see your numbers
today for mood of the boardroom?

Speaker 6 (45:20):
Oh?

Speaker 14 (45:21):
Do you know what I did?

Speaker 18 (45:22):
Even though I've been so busy today, there was.

Speaker 3 (45:25):
One notification that made it through.

Speaker 19 (45:27):
Yeah.

Speaker 17 (45:28):
Strangely that's that one got through.

Speaker 3 (45:30):
Well, congratulations, fifth best performer according to More the mood
of the boardroom out of cabinet, which is yeah, very
you can be very pleased to that.

Speaker 17 (45:39):
It's a number you know, we're all part of the
team or working hard.

Speaker 3 (45:42):
Than if it's anything like like media ratings. You've got
to celebrate them when they're good, because when they're bad
you always feel stinct. Thanks Judith. That is Defense Minister
Judith Collins. Right now, it's twenty two plus five.

Speaker 1 (45:53):
On your smart speaker, on the iHeart app, and in
your car on your drive home, it's.

Speaker 2 (45:58):
Jack Dame on Heather Well see Allen drive with one
New Zealand. Let's get connected. And news talk as thea'd
be well.

Speaker 3 (46:05):
The latest census start is out with numbers for all
sorts of data points, from ethnicity, home ownership, and income,
to gender and sexual identity. But the numbers that most
interested me today are buried in the housing stats, and
at first glance they might not seem like the sexiest.

Speaker 6 (46:22):
But get this.

Speaker 3 (46:23):
Back in twenty eighteen when we last died, the numbers
about one in six households in New Zealand recorded mold
that was bigger than an A four piece of paper
in their house. Okay, you hit around that about one
and six. More than twenty one percent of households at
that time recorded dampness at home. But despite our famously
crappy housing stock, the numbers have meaningfully improved. So today

(46:47):
eighteen percent of houses have dampness, which is what a
three point four percent improvement, and from one in six
homes previously, one in seven households now records mold at home.
So in real numbers, that's roughly seventy thousand fewer damp
homes and roughly fifty thousand fewer MOLDI homes than we
would have had if our housing was at the same

(47:09):
standard as it was in twenty eighteen, and you've got
to say that is real success. So what's changed in
that time. Well, obviously newer homes are more likely to
be built to a better, warmer standard. But I also
think you can you can credit some of that improvement
to the healthy home standards. And while of course bringing
rental stock up to standard has come at an expense,

(47:31):
it is surely nothing compared to the cost of healthcare
for those who would otherwise be getting sick and cold, damp,
moldy homes. There isn't all that much that the previous
government can hang its hat on in terms of enduring change.
But personally, I reckon that policy is a winner. Ninety

(47:53):
two is our text number if you want to get
in touch. We are going to take a closer look
at that census starter after five point thirty, including the
latest numbers on religion in New Zealand. And this probably
isn't a huge surprise, but we are more religious than ever. Well,
the proportion of people who list no religion has increased.
I think it's at its highest recorded level since we're

(48:15):
recording it, so now more than fifty one point six
percent of New Zealanders two and a half million people
in twenty twenty three, so they have no religion. That's
increased from forty eight percent of the population in twenty eighteen.
The largest religious group that's still Christianity. However, the number
of people who identified as Christian has dropped from thirty
six point five to thirty two percent. The next most

(48:37):
popular religions Hindus and then Islam. How about that news
is next on Newstalk Z'B.

Speaker 1 (48:46):
Jack tam cutting through the noise to get the facts.
It's Jack Tam on Heather Duplicy Ellen drive with one
New Zealand. Let's get connected news talk as they'd be.
We were driving in your comes it's a fast film.
Seriously before in your arm fell and I run around Marcella.

Speaker 3 (49:07):
And how be you a Jack Taime? Right now, it's
twenty four to six and stats n Z has released
a big chunk of census data today and for the
first time, more than half of the population in New
Zealand say they have no religion. The number of people
who identify as Christian has dropped from thirty six point
five percent of the population in twenty eighteen to thirty

(49:28):
two percent. The other largest religious groups were Hindu at
two point nine percent, Islam at one point five. Professor
Emeritus of Religion at Massi University, Peter linums with the
susceived in Kilder, Peter Kilda.

Speaker 14 (49:40):
How are you, Jack?

Speaker 3 (49:41):
Very well? Thank you? Are you surprised at all by this?

Speaker 14 (49:44):
No, I'm not surprised, mind you. They haven't given us
much data. What you've told is about everything they've told
us so far, right, But what I can make out
is that, yeah, the decline in Christianity has been going
on since the nineteen sixties, and it's speeded up a
tremendous amount in the period from nineteen six through to

(50:07):
nineteen two thousand and six to twenty eighteen. It's still
going on. But what's quite interesting is that the proportion
of people choosing no religion, the speed at which that's increasing,
is going down a bit, and I think that means
that other religions are rising at the expense of Christianity.

Speaker 3 (50:29):
That's interesting, right, would do you know what other religions
those would be, or would that be you know, Hindu
and Islam?

Speaker 14 (50:37):
You know already Handu and Islam have increased, and that
reflects the immigration figures. But I think there may be
more to them that I'm waiting.

Speaker 19 (50:47):
I gether.

Speaker 14 (50:47):
I've got to wait until early December for the detailed figures,
so ten hooks till then. But I suspect that there's
also been quite a growth of what you might call
new age trape religions religious forms. I think there's a
bit of evidence that people, especially mulder people, are exploring
around for alternatives to traditional religion.

Speaker 3 (51:10):
Yeah, or alternative forms of spirituality.

Speaker 14 (51:15):
Yeah, that's right, that's right. So these are the figures.
These are only the figures phenomenal adherents. So it doesn't
measure spirituality unless people say they have a commitment to
that spirituality, and awful lot of the people who say
none are quite spiritual in their outline. Yeah.

Speaker 3 (51:36):
How many people do you think are distinguished between being
agnostic or or having no religion and actively believing there
is no God?

Speaker 14 (51:48):
So we got some rough figures on that from other surveys,
the Value Survey, and that would suggest to us that
roughly half of the people who say they have no religion,
so about a course the population, so they don't believe in.

Speaker 3 (52:02):
God atheists essentially, yeah, that ripe.

Speaker 14 (52:05):
Yeah, and the other quarter will have various outlooks where
they're not they're not putting their money on any line
if you like.

Speaker 3 (52:15):
Yeah, that's that's that's interesting, isn't it. You know, I
wonder if that is likely to change it all as well?
Have you have you seen you know, have the numbers
on that front changed it all? As you've seen this
big shift since two thousand and six.

Speaker 14 (52:28):
Yeah, there's a bit of evidence certainly that the kind
of hard atheism option which was tremendously popular in two
thousand and six, with the new atheism, has really faded
significantly and people are much more exploratory about Remember, we're
talking about a new generation of young people who are

(52:50):
really interested in all sorts of aspects of lives that
their parents wouldn't have dreamt of talking about.

Speaker 3 (52:56):
And now, of course, this is the first census in
which they asked about gen to identity and sexual identity.
So forty seven thousand people identified as being homosexual, more
than seventy eight thousand identified as being bisexual. That's interesting.
So what do you read into those figures better?

Speaker 14 (53:14):
Oh, well, the homosexual figure, the existing surveys would have
led us to believe it was quite a bit lower
than that but they've given us a breakdown of the ages,
and there's no question about it that young people now
are much more likely to identify as gendered on conforming,
so they're either gay or they're exploring antiloquises for transfigure

(53:40):
as well. So there's a whole lot of new factors.
And you see, it could be linked to the religious
as well, that this exploratory aspect of young people far
more will think of alternatives than their parents.

Speaker 3 (53:52):
Yeah, I don't know. I just feel completely unqualified to
comment all on the of this, which is in the
first time in my life that I'm a little bit
surprised that almost double the number of people, certainly thirty
or forty percent more people have identified as being bisexual
than have identified as being homosexual, as gay or lesbian,
which I suppose speaks to the kind of you know,
maybe speaks to the changing social norms.

Speaker 14 (54:15):
Well, it's generally thought in the gay world anyway, that
the first step identifying as homosexual is to say you're bisexual,
to reflect that you're not quite sure you're there. But
since the age of those people, it's very predominantly in
the ten to ten to twenty five age band. Yeah, right,

(54:39):
not all of those and think I would think, you
know a great majority of those will end up has
been heterosexual. Yeah, but it's fascinating that they're exploring.

Speaker 3 (54:46):
Yeah. Oh, thanks, Peter, I appreciate that. Don't now have
any doubt of you on how many people identified as Jedi.
I know that was always a bit of a laugh.
And back in the day nineteen to six on news Storgs.

Speaker 1 (54:55):
He'd be the huddle with New Zealand Southerby's International Realty,
Local and global exposure like no.

Speaker 3 (55:02):
Other Huddler's This Evening Jordan Williams, who's the executive director
of the Taxpayers Union and the chief executive of Infrastructure
New Zealand, mister Nick Leggett Kilda Cordauwa, Jordan, are you
surprised that we are becoming even less religious than we
were previously?

Speaker 11 (55:18):
No, I'm not really surprised.

Speaker 4 (55:20):
Me.

Speaker 11 (55:21):
My mother made enormous sacrifices and sent me through a
Christian education, all boys, Anglican and Presbyterian school. Despite please
don't tell anyone this, but despite to my embarrassment, winning
the Religious Studies trophy in my last year of high school,
I didn't even yet. Thanks that, you know, I became

(55:45):
very clear once I started as a young lawyer, because
of course, so much of the the sort of moral
metaphors biblical that I just had no idea and it
sort of to me it illustrates the problem with the
Anglican and the rest from the traditional churches. Is at
no point during my schooling where we sat down and

(56:05):
told this is what we believe, this is what they believe.
We're right, they're wrong, and we scratch our head as
to why the churches are dying. They don't even teach
it at school anymore.

Speaker 3 (56:16):
Nick, what do you put it down to?

Speaker 20 (56:20):
Well, I think it's just the general trend, is it
not that Western society has moved further away from organized religion,
you know, and religion and culture were so tied up
even fifty years ago in New Zealand, and that came
from the fact that our four bears, the Parkier four bears,

(56:42):
you know, often came from quite divided societies and that
were religious but base. You know, if you're a Scottish
you tended to be a Presbyterian, if you're Irish you
tended to be Catholic. Those things broke down as we intermarried,
as we were between Marty and Parkier, between Pakia and Pakia,
and we formed a sort of a new consensus in

(57:04):
this country. But I think Jordan's points right as well.
And I think we've lost something because our law is
based on those sort of fundamental tenements and we're not
teaching it.

Speaker 4 (57:17):
That's a problem.

Speaker 3 (57:18):
Yeah, So more mood of the boardroom today. We'll get
to the ministerial rankings in a couple of minutes. But interesting,
the Finance Minister invited her opposition counterpart, Barbara Edmans, to
have a serious conversation about the future of superannuation in
New Zealand. Do you think this means that superannuation changes
will have bipartisan support? Jordan, Well, it's the only way

(57:38):
to get it through.

Speaker 11 (57:38):
I think this is very, very significant and good news
for taxpayers that oppositions both Labor and National have pointed
out the blindingly obvious for now many decades that enzed
super as it stands is unaffordable in the long term.
But now it's actually within the you know, it's with

(58:00):
in the fiscal horizon. You look at last year, sorry,
this year's budget. You know we're currently spending nineteen and
a half billion dollars for NZ Super in just five
years time, we're spending twenty seven point nine billion. It's
a forty three percent increase in just five years. So well,
that's twenty eight billion across a revenue forecast to be

(58:23):
about one hundred and fifty billion total tax take by
the end of that period. It is just enormous, and
every expert will tell you that we've got to deal
with it. But what we're seeing is that actually you
can't really continue to kick the can down the road
because here it is.

Speaker 3 (58:42):
I know that the Retirement Commission says that actually New
Zealand Super as it stands, with full eligibility at sixty five,
is sustainable in the future, but it probably depends on
which economists you speak to. Nick, If labor and national
actually agree to this, do you think we're going to
get anywhere Because in the past there's always been a
bit of politicking on both sides, but obviously it's the

(59:02):
likes of New Zealand First and Act that have really
pold her opposed positions.

Speaker 12 (59:08):
Yeah.

Speaker 20 (59:09):
Well, look, the numbers are eye watering and they are unsustainable.
So the only way to deal with this is to
reach across the aisle if you're the government in this
case or if you're national So I think Nikola Willis
has done the absolute right thing in making the public signal.
And Barbara Evans is the finance spokesperson for Labor, is

(59:30):
the ideal person to grab her hand because she's sensible too.
So what we've got to do, I think kiwis like
by partisnship. It's the only way to deal with the
big problems confronting us.

Speaker 6 (59:43):
And this is not the only one.

Speaker 20 (59:44):
But what we've got to do is ensure that we
actually get to you know, and this is where public
pressure comes on. And Jack, you've you've been involved in
discussions and infrastructure recently, where we where the infrastructure industry
wants by parsnship as well. It's a nice term, but
it's actually incumbent on Kiwi's on all of us who comment,

(01:00:08):
who watch, who are involved, you know, as citizens, to
make sure that something tangible falls out at the bottom.
And we have to grasp this and we have to
make sure that at least both the major parties can
come to some kind of place in the middle where
we stage out. You know, sixty five has been the

(01:00:29):
place that you know, that the age that we get
universal super Jack, You, Jordan and myself, we're all sort
of in an age group. It seems I've never bet
on the fact that in twenty years time I'm going
to get a nice weekly superannuation payment.

Speaker 19 (01:00:45):
And we shouldn't do that.

Speaker 20 (01:00:46):
We should think about phasing that in later.

Speaker 19 (01:00:49):
And now you know the conversation has to start.

Speaker 3 (01:00:52):
Yeah, all right, we'll be back with a huddle in
a couple of minutes. Netle Get Jordan Williams. Right now
it is thirteen to.

Speaker 1 (01:00:57):
Six Huddle with New Zealand Sothby's International Realty Elevate the
marketing of your.

Speaker 3 (01:01:03):
Home on the Huddle this evening, Nick Leggett and Jordan Williams.
So Nick, a nineteen year old has been arrested and
charged for a smishing scam. If you've never heard of
the words smishing, I hadn't until today either. Basically, it
means using technology to send out hundreds and hundreds of
text messages that look like they've come from a reputable
source like a bank or something like that, asking for

(01:01:23):
people's personal information. Have you got one of these texts before?

Speaker 20 (01:01:28):
Yes, like most people, I think I have, and I
don't know why we're surprised at the nineteen year old.

Speaker 21 (01:01:33):
Who are the people that are the smartest with technology.
It does tend to be younger people.

Speaker 6 (01:01:38):
But it is concerning.

Speaker 21 (01:01:39):
And you know, I mean, as fast as we build
the barriers to stop these kind of scams, the scammers
are building you know, flash of stuff to overcome them.
So it's just kind of it's something we have to
live with, doesn't it that we have to keep pushing
back against.

Speaker 6 (01:01:53):
Yes, it is.

Speaker 3 (01:01:54):
One of the Texas has suggested the Jordan that perhaps
this young person deserves not time in the cells, maybe
a firm hand on their shoulder and some guidance to
an IT company or something like that. Maybe with these
skills could be used for good all the security services.

Speaker 11 (01:02:10):
Yeah, I mean this is something that obviously, given work
in politics, something I think about a lot, and something
that's worried me for a long time is the vulnerability
of our telecommunications. Something that's starting to happen more and
more in New Zealand. It's similar to this.

Speaker 2 (01:02:26):
It's something called sim swapping.

Speaker 11 (01:02:28):
Which it looks like this basically replicated it sort of
created a sort of fictitious or false mobile network to
connect to your phone and send these what the phone
thinks and network messages. I've tried to engage with one
and Spark. Spark will absolutely useless about extra steps that

(01:02:51):
one could take if you work in politics or you know,
the corporate world, because one of the biggest vulnerabilities for
people like you and me jack as a basic sim swap,
and it's starting to happen more and more in New Zealand,
and I think that our telecommunications companies are I mean,
it's great that this has been pounced on, But I
listened to that interview earlier with it was it Gary

(01:03:13):
Williams or someone saying that how quick Dea and the
telecoms were onto us. That certainly is not what I've
experienced in New Zealand, both with the telecoms and in
terms of cybersecurity and political parties and political organizations. I
can tell you that my equivalents around the world have
a heck of a lot better support, whereas here I

(01:03:36):
know that even the political parties get no assistance whatsoever
in terms of ensuring that these systems aren't manipulated by
foreign actors or hackers.

Speaker 3 (01:03:46):
Is that right? They get none?

Speaker 11 (01:03:48):
No, we just walking to the political parties and obviously
something that we think about, whereas I know in Britain,
for example, because the Chinese focus on think tanks, their
equivalent of GCSB actually help are pretty proactive in ensuring
that civil society, you know, that civil society is protected.

(01:04:09):
Except for this, I don't want to go in to
each other. There's something happened to us during the election.
Except for incident responses, which we've found our security services
very good with, there's very little in terms of defense.

Speaker 3 (01:04:25):
At the top.

Speaker 11 (01:04:25):
Yeah, yeah, yeah, the actual defense ensuring we're in the
defensive position.

Speaker 3 (01:04:29):
Yeah, all right, Hey, thanks for your time, guys. I
appreciated our huddle this evening. Nick leg Get, the chief
executive of Infrastructure New Zealand and the executive director of
the Taxpayers Union Jordan Williams it is seven to six
on News Talks.

Speaker 1 (01:04:40):
He'd be on your smart speaker, on the iHeart app
and in your car on your drive home. Heather Duplic
Allen drive with One New Zealand One Giant Leap for
Business News.

Speaker 3 (01:04:51):
Talk News Talk said, be you were Jack Tame, Thank
you for your feedback.

Speaker 6 (01:04:55):
Jack.

Speaker 3 (01:04:56):
Absolute rubbish. It's absolute rubbish that the super age has
to increase one year to sixty six at the absolute most,
says Doug. Well, okay, you're going to pay for it.
We will asked the Finance Minster Nichola Willis is going
to be with us after six o'clock, so we will
ask her about the board of the mood of the boardroom,
plus the conversation a really interesting conversation she had with

(01:05:16):
her labor counterpart Barbara Edmonds, calling for a serious conversation
about the future of superannuation eligibility in New Zealand. As
well as that, a slightly more nuanced debate maybe about
a capital gains tax as well. So we'll take a
closer look at that. And interesting news out of the US.
Despite the warming climate and the desire for us all

(01:05:38):
to move to cleaner forms of energy, it's all happening,
of course, at exactly the same time that energy demands
are increasing around the world. The likes of AI cryptocurrency,
even those things are going to put even more demands
on energy. So in the US, alongside their traditional energy sources,
there's been a bit of a movement, bit of a
surge in support for nuclear power. So we are going

(01:06:01):
to tell you more about that after six. News is
next though it's almost six o'clock. I'm Jack Tame. This
is News dogs ZEDB.

Speaker 1 (01:06:09):
What's down? What were the major cause and how will
it affect the economy? Of the big business questions on
the Business Hour with Jack Tame and my Hr on
Newstalks V.

Speaker 9 (01:06:26):
News.

Speaker 3 (01:06:26):
Doorgs 'bu with Jack Tame before seven o'clock this evening,
we're going to take a look at the demand for
nuclear energy increasing. It's mainly a bit of a resurgence
in the US, really intriguing giving some of the energy
debates and the role that energy is playing in the
current election contest. So we'll tell you a bit more

(01:06:47):
about that before seven o'clock. Right now it is seven
minutes past six and some of the country's major business
leaders have had the essay. In the New Zealand Herald's
Mood of the Boardroom survey, the main domestic concerns are
the price and supply of energy, don't worry to know
and suggesting nuclear here just yet, the cost of living,
high interest rates, emerging cyber threats and rising insurance costs.

(01:07:08):
Most are confident in Finance Minister Nicola willis Is handling
of the economy and in Education Minister Erica Stanford, who
came out top of the pops, the top performer out
of cabinet so far. Finance Minister Nichola Willis is with
us this.

Speaker 18 (01:07:21):
Evening, killder good evening.

Speaker 3 (01:07:23):
Would you say, overall pretty decent results.

Speaker 4 (01:07:27):
Yeah.

Speaker 22 (01:07:28):
Look, I think it's good to see that business shares
the government's optimism that we're turning a corner on the economy,
that we are seeing green shoots, and they're focused on
the same things we are, which is, let's get growth happening, investments,
new jobs, more innovation, more exporting. So we're on the
same page.

Speaker 3 (01:07:46):
How long do you think it takes for that optimism
to trickle through to other parts of the economy that
are maybe still a bit gloomy.

Speaker 22 (01:07:53):
Well, I think as we see interest rates falling, we
will see that spread through the regions and through a
number of different sets. You are seeing the optimism scores
and the business confidence surveys increasing pretty dramatically already, but
unrealistic if you're a small business in some parts of
the country, if you're in one of the regions that's
been badly affected by a mill closure, you're not feeling

(01:08:16):
it yet, So it will take some time for the
chair to spread.

Speaker 3 (01:08:20):
What was the message that you got today when it
comes to energy prices.

Speaker 22 (01:08:24):
Well, it's clear that this is a major concern for business,
and I agree with them. Having affordable, low carbon sources
of electricity. Electricity is going to be critical to New
Zealand's future. We're doing our bit with the fast track
consenting regime that we think will allow a lot more
renewable generation projects to come on faster that solar, that's wind,

(01:08:46):
potentially geothermal. We're going to need that because the world
is now competing for affordable electricity, and New Zealand wants
to be.

Speaker 17 (01:08:54):
In that race.

Speaker 3 (01:08:55):
Have any of those business leaders expressed to you that
they want to see the gen Taylor's supply and retail
arms split up.

Speaker 22 (01:09:03):
I haven't had that expressed to me directly by any
of the leaders in that room. I think what people
are conscious of is the need for competition and the
need for structures that incentivize investment in generation. We had
seen since we were elected a lot more projects being
committed to by the generators, which is positive to see,

(01:09:25):
and we are, as we said previously, monitoring that market
because it's really important that it functions affectively the New Zealanders.

Speaker 3 (01:09:32):
So you came third in the minister performances, It's very good.

Speaker 22 (01:09:37):
Yeah, that is. I'm one of those people who always
aims to be the best I can be, so i'll
i'll always want to do better. But genuinely delighted to
see my colleague Eric Stanford top the pots because their
work and education is so foundational for the country's future
economically and socially. And to see business leaders reflecting a

(01:10:00):
great job she's doing.

Speaker 23 (01:10:01):
Look good to see.

Speaker 3 (01:10:02):
Did Kevin the Mesters take this stuff at all seriously?

Speaker 22 (01:10:06):
Well, we're constantly being judged just by the boardroom, but
by our communities, by the people we serve, by our neighbors,
our colleagues, our party members, and so this is part
of the course. This is one audience that certainly not
the only audience, and ultimately New Zealand voters give us
the score out of five when they vote in twenty
twenty six.

Speaker 3 (01:10:26):
Talk to us a bit more than about the conversation
that you're looking to start with Barbara Edmonds when it
comes to superannuation.

Speaker 22 (01:10:33):
Well, look, Barbara set out the big challenges she sees
for New Zealand and twenty fifty, so many decades from now,
and when we have that conversation, it's really clear that
demographically we are going to be an older population with
fewer working people. That raises real questions about the ongoing

(01:10:53):
sustainability of our superannuation scheme. And at the last election
the National Party want to have a conversation about that.
How do we keep the scheme sustainable with people.

Speaker 18 (01:11:04):
Living longer, healthier lives. Should we be raising that age?

Speaker 22 (01:11:08):
And that's what we campaigned on, so our challenged Garbara
I said, well, if you're up to tough conversations, let's
talk about super and I was really pleased. She said, yeah,
I'll take you up on that challenge. Have that conversation.

Speaker 3 (01:11:21):
What kind of changes would that theoretically mean. I know
that you guys have had differing positions in terms of campaigning,
but it's not always a sort of left versus right issue,
not necessarily anyway, No.

Speaker 22 (01:11:32):
I don't see it that way. Certainly the current government
may me be clear, Jack has the position that we
won't be raising the age of superannuation. That's a core
coalition commitment with New Zealand first, which I respect, but
as Finance spokesperson for the National Party and with four
kids of my own, when I look ahead to New
Zealand's future, I want our super scheme to be sustainable,

(01:11:53):
for people to be clear about what the entitlements will
be down the track. And I can see that the
bill is going to become real, really really disproportionate to
the other areas we want to invest in with that education,
health for others, and to me, raising the age is
a simple step we could take to make it more affordable.
But as I said, I'm genuinely up for the conversation
with Barbara and what other other ideas she may want

(01:12:15):
to contribute to the table.

Speaker 3 (01:12:16):
Having the perspective that you have in this role and
having your eyes over the detail, over the numbers. Do
you think it is feasible that people who are your
kid's age now will be able to retire with something
akin to superannuation as we have today when they're sixty five.

Speaker 22 (01:12:33):
I think it'll be something akin to it, but I
think there has to be changes between now and when
my kids are sixty five.

Speaker 3 (01:12:40):
Thanks for your Tom. That's Finance Minister Nichola Willis. Just
so you know, in the last few minutes, the Associate
Health Minister Casey Costello has released her independent advice on
heated tobacco products. I'm going to read you what that advice.
I'll explain to you what that advice entails. Advice entails
in a few minutes. Next up, though indied Herald Business

(01:13:01):
editor at Large Liam Dan here with his takes from
this morning's mood of the boardroom. It's quarter past six, crunching.

Speaker 1 (01:13:09):
The numbers and getting the results. It's Heather du for
see Helen with the business hours. Thanks to my HR,
the HR platform for SME on us Talks.

Speaker 3 (01:13:18):
EDB sixteen past six on News Talks EDB. Liam Dan,
the New Zealand Herald Business editor at Large, was giving
a close eye on the mood of the boardroom today.

Speaker 6 (01:13:28):
Get a LIAMB.

Speaker 23 (01:13:29):
Gooday, Jack, I think yeah, very well.

Speaker 3 (01:13:31):
Thanks. So what did you make of the superannuation call?

Speaker 6 (01:13:35):
Yeah?

Speaker 23 (01:13:35):
Heartening from my point of view as someone who sits
there and worries about our ability to pay for things.
I guess you know when you looked at listen to
what was said in that debate, it's hard to make
a news story out of it. Exactly because Barbara Edmonds
was very careful about what you said. You just said,
we're open to the conversation, but you know, you it
felt like the body language and so forth, that there

(01:13:58):
could be some mood change there which of course would
put national could put national neighbor on the same page,
and bipartisan sort of stuff like that is pretty powerful
that the roadblock to it actually at the moment in
the current coalition is of course New Zealand first and
Winston Peter, who has been resistant for a long time.
But you know, I know he's got a large base

(01:14:21):
of older voters, but it really doesn't affect him if
we're honest. It's you're talking about raising the superage over
a long period. I think the original plan under Bill
English twenty seventeen was to lift it for twenty forty.
So you know, I don't know what a new one
would look like, but there was there was a large

(01:14:42):
consensus I guess seventy seven percent plus of those business
leaders who see that we need to have a debate
about the tax base because we're not going to be
taking enough tax because it's just demographics. We're going to
have fewer younger people, more older per that means more people.
I guess to support and fewer people actually generating income tax.

(01:15:07):
And at the moment, of course, our system is built
on income tax, not on other kinds of tax or
do I go near that debate?

Speaker 3 (01:15:13):
Yeah, no, avoid it, trust me. Hey, I mean, that's
a that's you know, that's what I find really interesting
about this, right, So, not only because of the demographic changes,
are we going to face the pressures of supporting people
through the superannuation payments themselves, like the four ninely payments.
But the problem is when you have an older population,
your healthcare costs massively increase as well, because, like you know,

(01:15:36):
so generally the average twenty five year old doesn't cost
nearly as much to the health system as someone who's
seventy five, right or eighty five. That generally, the older
you are, the more you cost. So you have all
of these pressures that come with those demographic changes, not
just represented in super but when you combine them together.
I mean, and given we're already in a structural deficit,
it's very hard to see how we're going to we'd

(01:15:59):
like and.

Speaker 23 (01:15:59):
We'd all like to keep that first world health system
into our into our later years. I think, you know,
it does leave you with options that are either tax more,
spend less or the one that all the politicians always
fall back on is that we're going to deliver policies
which dry productivity and Zealand is going to be. But
you know, the issue is do we really have the

(01:16:20):
right economy to do that, even if even if things
are you know, are starting to improve, or there's signs
of hope through another cyclical upturn, as you know, rising
house prices and immigration going to be enough this time,
We'll only an ounce is probably not. We're not gonna
have another another China boom the way we did have.
So we're looking looking for something else a bit deeper

(01:16:41):
and a bit more structural. I think it was happening today.
I think, you know, it was a pretty high level
kind of debate between Barbara Nicola and people are pretty
impressed with the ability of them to communicate and that
that sort of thing, and so I know there is
a lot of them desire, whether it's infrastructure or whatever,
for a bit more bipartisan thinking so that we can
and stop flip flopping in these political political cycles.

Speaker 3 (01:17:03):
And leam a bit more of a nuanced debate about
a CGT.

Speaker 17 (01:17:08):
Yeah, well, I mean I just think you know, certainly
a large percentage of the people in that room, which
you wouldn't necessarily expect, it tends to come from the
left the CGT, and that that's kind of a hindrance
in a way because people are never quite sure whether
it's tied up with wealthh tax and all the rest
of it.

Speaker 23 (01:17:24):
But the people, for the people in that room who
like it. I was talking to tax you know accountants,
high level accountants and tax experts and things. It's really
about broadening that tax spaces, as I mentioned, you know,
so it's about you know, maybe we've got to get
away from calling it a capital gains tax or whatever,
but you know it's some some level we need to
broaden it and people need to remember. And this was

(01:17:46):
not something that the Prome Minister to make clear when
he was responding to Antonio Wattson today and said the
original column plan was tax revenue neutral, so it's not
taking not meant to be taking more tax, first instance,
off New Zealanders bording the base, so you should actually
be getting an income tax break if they're taking some
tax off off the other end, at the wealthier end

(01:18:07):
or at the possibly the older end. It does shift
the demographic shape of the tax base, but that's really
what's going to have to move.

Speaker 3 (01:18:14):
It's a version of the of the John Key tax switch.

Speaker 23 (01:18:19):
Well, that's right, and I talked to Bill English and
last week or so. That's up online right now, and
he talks about that being one of the things he's
most proud of achieving because it's a very difficult thing
to do. It's a difficult argument to win, right, So.

Speaker 3 (01:18:31):
Did that even your neutral From the top of my head,
it wasn't.

Speaker 23 (01:18:34):
I can't remember. But one of the things Bill English
said is he was lucky to have a prime minister
like John Key who could sell that argument. So they
managed to get an unpopular policy through. I wonder whether
as good as Barbara Edmonds is likely to be it
actually building or writing a tax policy, because he is
a tax expert. Where the labor has it, has the

(01:18:54):
leadership there to actually sell it at the moment, I
don't think so.

Speaker 3 (01:18:58):
Hey, thanks Leem, I appreciate it. That's a new Hell
and Herald Business editor at large, Liam Dan. You can
hear that interview with the Bill English by subscribing to
Money Talks, which is Liam's superb podcast. You can hear
it on iHeartRadio as well. Twenty two past six. Get
your All Blacks jersey ready because Cadbury are taking the
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(01:20:00):
But now, who's ready to cheer on the All Blacks.

Speaker 1 (01:20:03):
Whether it's Macro micro or just playing economics, it's all
on the Business Hour with Jack Team and my HR
the HR solution for busy SMEs News Talks.

Speaker 3 (01:20:15):
Any six par six on newstalk Z'DB Jamie McKay, host
of the country, Is we us this evening from are
very very damp the need and how are things? Jamie?

Speaker 17 (01:20:24):
Well, it's all right where I am, Jack on top
of a hill but south of Need, and they're sandbagging
down on the flats there already the need and apparently
get something like fifty three mills of rain annually in October.
We've had that already in this talk of rain up
to fifty to one hundred mils, so goodness knows how

(01:20:44):
it's how we're going to get on because I think
the rain is forecast to be heavy right through until
about tomorrow night. So it's a red orange, a red warning,
should I say, the highest and Met Service can put
out there, and the authorities are just urging people to
stay at home and not to travel unless totally necessary.

Speaker 3 (01:21:03):
Yeah, that's really important advice, and I'm going to make
sure own newsroom updates people with the very latest from
Civil Defense and Met Service throughout the evening. So stay
safe if you're in one of the affected regions. Now
feed Farmers have got their banking inquiry.

Speaker 17 (01:21:16):
Yes, well they've. In their recent submission to Parliament's Banking Inquiry,
FED Farmers found that the one in five key We
farmers say their bank isn't allowing them to structure their
debt in the most interest efficient way. And this comes
from a big example size too, Jack. I think more
than a thousand farmers came forward to share their frustration.

(01:21:38):
So in total, forty percent of farmers eyther fined that
their debt structure is inefficient or aren't receiving enough information
from their banks to improve. One of the real grips.
And I think this is a very fair gripe on
behalf of farmers and no doubt small business owners the
pressure farmers fail to use overdrafts to manage debt repayments

(01:22:00):
or fund capital projects tasks. Overdrafts were never intended for
overdrafts to design for managing seasonal cash flow, not to
burden farmers with higher interest debt. You know, many of
these farmers are stuck in overdraft facilities that never returned
to a positive balance. Obviously. You know, in a dairy
farming situation or something, Jack, you might want to be

(01:22:21):
an overdraft for four or five months of the year max.
So anyhow, overdrafts, say Federated Farmers Rich mcintires leading the
charts for them should be a tall not a trap
because those overdraft rates Jack are very very high eleven, twelve, thirteen, fourteen,
fifteen percent.

Speaker 3 (01:22:38):
And Jamie, the Central North Island dairy company Meaduka has
updated its milk price forecast.

Speaker 17 (01:22:43):
Yeah, well it's reporting season for the dairy company's Jack.
We've heard from recently in the past week from Fonterra
and similar it's the turn of Meerca, which is a
very efficient little operation based out of Talpo. They've come
out with their forecast milk prize than for the season
or in at the moment twenty four to twenty five

(01:23:03):
nine dollars seventeen. Fonterra is currently sitting at nine dollars
and they finished last season twenty three twenty four at
eight bucks on the nose, so that was a way
bit better than Fontira's seven dollars eighty three. So, you know, look,
challenging weather, but good times for the dairy industry.

Speaker 3 (01:23:19):
Very good. Thanks, Jamie, really appreciate your time. That is
Host of the Country, Jamie mackay before seven o'clock, we
will take it to the UK and our correspondent there,
Plus we'll look at the surge and support for nuclear
energy in the US. News is next Don't Give with
Jacktam on News Dogs ZB.

Speaker 1 (01:23:40):
Everything from SMEs sort of big corporates, The Business Hour
with Jack tam and MYHR. The HR solution for busy
sme on news doorgs.

Speaker 7 (01:23:50):
B fel te.

Speaker 3 (01:24:04):
SnO use talks, envy you a Jack Tame. So in
the last hour or so, Casey Costello has released the
independent advice that she says she's had on heated tobacco products. Now,
just to go back a little bit, you remember that
Treasury analyzed these heated tobacco products and the taxes that
applied to them, and it said, quote, it was clear

(01:24:26):
that heated tobacco products are more harmful than vaping. Right,
I'm going to read you another quote from Treasury. Emerging
research suggests that heated slash smokeless tobacco products still produce
toxic emissions similar to those in cigarette smoke and also
exposed users to some toxicants specific to heated smokeless products,
which could also expose bystanders. So Anyway, Casey Costello wanted

(01:24:50):
to cut taxes on those products because she said that
the heated tobacco products were a great way of getting
people off smoking, despite Treasury saying that actually the much
more harmful than vaping. So a lot of people said, well,
hang on, why don't you, why don't you stick with vaping?
And isn't it weird that you're pushing heated tobacco products
when there is only one company in New Zealand that

(01:25:11):
was selling heated tobacco products. Anyway, Earlier this week, the
Treasury advice on her tax changes was released from officials,
and it showed that actually, not only were the majority
of those tax changes going to Benip Benefit Philip Morris,

(01:25:31):
but clearly, once again the Treasury advice said they were
toxic and more harmful than vaping. So, anyway, in the
last hour or so, she's released the documents that she
says is her independent advice on heated tobacco products. They
are five items. One of them this is about heated
tobacco products. One of them is an article that says

(01:25:51):
the use of a different tobacco product snooze quote, appears
to facilitate smoking cessation. Now snooze is completely different head tobacco,
so it's just totally irrelevant. She's released an article about
smoking patterns in Japan showing that cigarette sales decreased after
the introduction of heated tobacco products. Well that sounds good,
you think, until you remember, of course, that Japan doesn't

(01:26:14):
have vaping, so yeah, mmm, okay, right. Then she put
in one hundred and ninety page report from the Royal
College of Physicians in the UK. It was published in
twenty sixteen, and it doesn't specifically mention heated tobacco products,
so where that that would be your independent advice. Then
she gave an article from the International Journal on Environmental

(01:26:36):
Research and Public Health suggesting that heated tobacco products may
help with smoking cessation, but actually the benefits are reduced
if they're used as a replacement for the less harmful vaping.
And one final piece of independent advice was just a
comment piece that had been published in the Lancet. So
you would have to say, at first glance, if those

(01:26:57):
are the five pieces of independent advice, the evidence that
she's relying on for these tax changes, and her backing
of heated tobacco products, it is absolutely woful. That is
absolutely woful as a standard of evidence for changes of
that size. So I know that Barry Soper, I know
that head of Deficy Alan will completely disagree with me
on that, but that as a standard of evidence for

(01:27:20):
ministerial decisions is absolutely woful. Right now, it is twenty
seven on US team. Nuclear energy is in the headlines
recently is the nuclear energy is in the headlines as
the US considers its energy future and support for nuclear
energy is making a bit of resurgence.

Speaker 12 (01:27:38):
Now.

Speaker 3 (01:27:38):
I know it can be an emotive topic, but of
course energy demand is rising, not least driven by the
rising demands of energy hungry data centers, the likes of
AI and cryptocurrency, and we need clean energy sources. Some
say that nuclear fits that. Bill Sam Dicky from Fisher
Funds is with us for more on this. To Sam, Sam,

(01:27:58):
are you there? Oh sorry, we'll last you're there, so
talk to us a little bit about about nuclear energy
and remind us about nuclear energy demand today compared to
the past and the future.

Speaker 24 (01:28:14):
Yes, definitely a hot topic.

Speaker 14 (01:28:15):
Jack.

Speaker 24 (01:28:16):
And if you look at total US electricity demand, the
really interesting thing is it's been basically flat in the
US for fifteen to twenty years. So demand growth of
households has been basically entirely offset by declining demand from
industry as the US has moved manufacturing offshore historically called
as we know, offshoring. However, depending on which forecast, do

(01:28:39):
you believe after decades of that flat demand, demand growth
is going to be about five percent per annum for
the next five to ten years, which is a huge shift.
And why is that? It's threefold?

Speaker 16 (01:28:49):
Ready?

Speaker 24 (01:28:49):
The first is a ramp up in these, as you said,
extremely energy hungary data centers as we store and utilize
tons and tons more data. The second thing is the
trend towards on shoring, so for a full circle, as
the US moves manufacturing back on shore. And the third
thing is of course longer term, as we electrify everything.

Speaker 3 (01:29:08):
So, Sam, what is actually happening with these big deals
that are being struck?

Speaker 24 (01:29:14):
Yeah, So, I mean, just to give you some context
on the US energy mix today and when nuclear fits
in US electricity, that flat demand we've talked about, and
therefore that there's been no need to develop any more
generation plants of any type. It is about sixty percent
fossil fuels, twenty cent renewables and twenty percent nuclear, and
nuclear has been shrinking for thirty to forty years. So

(01:29:36):
you might recall a three Mile Island debarcle in nineteen
seventy nine with a small amount of radioactive material release
in an accident in Pennsylvania. And because of that, the
number of nuclear reactors in the US has been shrinking
for decades, from about one hundred and fifteen to ninety
four today. And right now there's been some mega deal struck.
So on the back of this pick up and demand,

(01:29:58):
we've seen the fact there's been no supply of electricity
for decades or no increase in supply, plus government subsidizen
and tax cuts have seen the construction of the re
ramping of existing nuclear plants begin in earnest and Microsoft
just signed a big deal with Constellation Energy to bring
some of the three Mile Island facilities back on strings.
So another full circle. And soon after that, Metas said

(01:30:20):
they are looking at signing super long term power contracts
with nuclear plants to power the data centers.

Speaker 3 (01:30:27):
So talk to us a little bit about the perceived
or actual pros and cons of using nuclear as an
energy source.

Speaker 24 (01:30:34):
Definitely stumbling into a lively in the motive debate here
lively in the motive for good reason, Jack. But the
pros are and there's a fairly well recognized is it's
considered a clean energy source, so zero carbon emissions during operation.
But the second thing is nuclear plants run at about
ninety two percent capacity utilization, which is key because we

(01:30:55):
know that wind farms run it more like thirty percent,
and solar farms more like twenty to twenty five percent.
Even gas is somever in the middle. And the other
thing is these plants last for sixty to eighty years,
So that's the pros.

Speaker 16 (01:31:06):
The cons.

Speaker 24 (01:31:09):
While it does generate clean electricity, dealing with spent nuclear
fuel is an ongoing problem now about thirty percent of
hours recycle today, but obviously seventeen percent that needs to
be dealt with. The second thing is the plants are very,
very expensive. They take years to build, and because the
industry has been shrinking in the US, growing like a
weed in China, by the way, but shrinking in the US,

(01:31:30):
the skill sets are just not there to.

Speaker 3 (01:31:32):
Develop these plants interesting.

Speaker 24 (01:31:34):
And then of course you have the risk, even though
it's very rare, of a catastrophic spill or accident.

Speaker 3 (01:31:41):
Yeah, yes, I mean, and that is it is a risk,
But honestly, you don't need to convince me, especially for
the energy transition. I mean, you know, you think if
you think nuclear energy presents a health risk, wait till
you hear about coal fired plants. So what does all
of this mean for investors.

Speaker 24 (01:31:55):
Then, well, I mean there's been some pretty interesting moves
going on on the back of it. Some of these
energy suppliers like Constellation Energy, you've been mopping up, some
of these nuclear plants have been on fire, and the
uranium price, which of course is the fuel source for
nuclear reactors, has jumped from a price of around twenty
bucks a pound a couple of years ago to a

(01:32:16):
peak of one hundred and ten dollars earlier this year.
But I guess more broadly, it's a reminder that we're
lucky in New Zealand to have such a bun and
clean hydro energy, and not to mention, we don't have
a such a spike in demand from data centers and
resturing and manufacturing to upset the apple cut. But I
think more broadly globally that it's going to these new
demand sources are going to drive some really interesting decisions.

Speaker 16 (01:32:36):
So it's one to watch.

Speaker 24 (01:32:37):
And I'm not saying we should watch what China's doing,
but but China is absolutely full steam ahead. Here fifty
five reactors today are whopping twenty three under construction and
as well over another one hundred reactors under broad long
term consideration.

Speaker 19 (01:32:51):
Wow.

Speaker 3 (01:32:52):
Yeah, that's amazing. Thanks Sam. That's Sam Dicky from Fisher Funds.
In a couple of minutes on you sez'db where will
take you to our correspondent from the latest out of
UK and Europe right now it's fourteen to seven.

Speaker 2 (01:33:02):
If it's to do with money, it matters to you.

Speaker 1 (01:33:05):
The Business Hour with Jack Tam and my HR the
HR solution for busy Simmy's on news Talks.

Speaker 3 (01:33:12):
It'd be UK corresponding to Inde Brady is with us
this evening high Enda.

Speaker 19 (01:33:17):
Hey Jack, good to speak to you again.

Speaker 3 (01:33:19):
You too, kios Stamer is going to pay back twelve
thousand bucks in hospitality, but keep all of those tens
of thousands of pounds in donated clothes.

Speaker 19 (01:33:28):
Yeah, I mean this has been rumbling on for a
couple of weeks now, Jack. So basically he went to
see Taylor Swift with his wife in a very nice
corporate box. He went to a couple of England soccer
matches at Wembley and there was other horse racing hospitality
as well. Look, if you're the prime minister of any country,
you get invited to nice places and because of the
security arrangements, they have to have you in these boxes. Now,

(01:33:52):
it's been rumbling on for a long time, this story,
so Starmer has come out today in an effort to
basically draw a line under everything. He's going to pay
back twelve thousand dollars for all of the tickets he's
had since becoming Prime Minister less than one hundred days ago.
What he's not paying back is the clothing donations from
a man called Lord Alli, a multimillionaire donor to the

(01:34:14):
Labor Party, and they reckon it's somewhere in the region
of about eighty thousand n Z in clothes that's been spent.
So Stammer, if you ever see him on TV and
he's looking good, it's a man called Lord Ali who's
been buying the clothes. It's not a great look, to
be honest, but look after where we've been for fourteen
years under conservative rule here, he's only just picking up

(01:34:35):
where the other lot left off.

Speaker 3 (01:34:37):
Yeah, yeah, that's true. I mean, does seem like an
extremely expensive amount of clothes eighty thousand dollars You never
need to buy an item clothing for the rest of
his life. Now Kate has invited a teenage cancer pation
to take pictures of William at work.

Speaker 6 (01:34:53):
Yeah, this is a lovely story.

Speaker 19 (01:34:55):
We know, the Princess of Wales is a keen amateur
photographer and she heard about a young girl who thing
called Liz Hatton, and she has a very rare and
incurable form of cancer and that's very very aggressive, and
doctors have told Liz that she has between six months
and three years to live. And she's a very keen photographer.
So William and Kate basically heard about Liz and her

(01:35:19):
on her boocket list. Her absolute dream list of things
to do was to do some royal photography, so quick
as a flash, Kate invited her to Windsor Castle. William
was overseeing investitures where people get knighthoods and rbes and mbes,
and Liz was invited along to photograph proceedings and then
there's a private family meeting with William and Kate afterwards,

(01:35:40):
so they have absolutely made her day and the Princess
of Wales got her a huge hug and that makes
many of the papers today just beautiful to sing.

Speaker 3 (01:35:48):
And Inda, will that cruise ship EVA leave Ireland?

Speaker 19 (01:35:53):
I'm starting to worry for these people. I mean, Belfast
is a lovely little town, but you do it in
the weekend. They've been there. May thirtieth was the day
they arrived in Belfast. So this is this perpetual cruise.
They go around the world and then they start all
over again and you buy your cabin for life. And
I honestly couldn't think of anything worse apart from being

(01:36:15):
stuck on that ship forever, being stuck in Belfast for
four months, as much as I love Ireland. But anyway,
they did leave yesterday and they got about an hour
out into the Irish Sea and there was some issue
with paperwork and they dropped anchor in Belfast. Luck, and
they're still there now. The whisper is they're going to
leave in about fourteen hours time. I'm a little bit

(01:36:37):
concerned for them.

Speaker 6 (01:36:38):
I don't know.

Speaker 17 (01:36:38):
I think there could be some.

Speaker 19 (01:36:40):
Incredible reality TV show with hidden TV cameras and it's
all going to be broadcast on Irish TV on April
Fool's Day.

Speaker 3 (01:36:47):
Yeah, you do something wonder if it's getting a bit
lord of the flies on board, don't you.

Speaker 19 (01:36:52):
That's why they're worrying me, Jack. Honestly, you know I
love my family, but I couldn't go on a cruise
for two weeks with my family because I know I
do their heads in.

Speaker 6 (01:37:00):
Yeah, of course there we are.

Speaker 3 (01:37:01):
Yeah, very good. Hey, thanks Ender, We appreciate it. That's
end of Brady, a UK correspondent. It is just coming
up to seven minutes to seven.

Speaker 1 (01:37:08):
Whether it's macro, MicroB or just plain economics, it's all
on the Business Hour with Heather Duplicy Allen and my HR,
the HR platform for SME News.

Speaker 3 (01:37:18):
Talks B News Talks B five to seven. You're with
Jack Tame. If you are listening this evening from Dunedin
or parts of North Otago around the Kluther region as well,
you should know by now that there is a lot
of rain falling and a lot more to come. That
red rain warning remains in place. Our newsroom is keeping

(01:37:39):
a really close eye on things and is going to
do so right throughout the evening so they can bring
you the very latest from Civil Defense and from the
Met Service. At the moment, the Met Service says about
thirty five mills of rain has fallen in Dunedin, so
three and a half centimeters up until about five thirty
but from now until tomorrow night at nine pm across

(01:38:00):
of North Otago in the Kluther region, so probably on
either side of the there, they're expecting at least another
one hundred mills of rain to fall, which is a massive, massive,
massive quantity. So if you are listening in this evening
and you're in one of the affected regions Dunner's, Cluther,
North Otago, we are thinking of you, hoping that the

(01:38:21):
fears of the forecasters proved not to be too it
proved not to come true and actually despite the heavy rain,
there isn't too much damage or anything. But make sure
you listen to all of the advice. Right, Andy's on
the beats to close things out tonight.

Speaker 25 (01:38:35):
What have we got, bro, Yeah, we've got some good
publicity from James Blunt. He's back, well kind of back.
He's re releasing this is the new thing to make
a bit of money. You re released your album from
twenty five years ago. Yes, but if this goes to
number one. This is what he said to his fans.
He will legally change his name. Oh so whatever they choose, right, so's.

Speaker 3 (01:38:52):
No our just going to be a shippy mixship face
blunt blames, jump jump blames. Let's not go through all
of the different leader in the air.

Speaker 25 (01:39:07):
It gets a little dodgy re releasing back to Bedlam,
which was obviously is it nice? Oh?

Speaker 3 (01:39:12):
Very good, Thank you sir, Thanks to Andy, Thanks Olivy,
thanks for Kinzy for helping me with the show. Today,
Darcy Watergame is going to take you through the evening
on News Talks. He's here behind the mic with Sports
Talk next, and of course we'll have the latest on
that civil defense situation. I'm back tomorrow from for Tilde
and have a great evening.

Speaker 1 (01:39:43):
For more from Hither Duplessy Allen Drive. Listen live to
News Talks it'd be from four pm weekdays, or follow
the podcast on iHeartRadio.

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