Full Show Podcast: 11 December 2024

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Pressing the newsweakers to get the real story. It's Ryan
Bridge on Heather Duplicy Ellen Drive, where one New Zealand.

Speaker 2 (00:09):
Let's get connected. News Talk said B seven.

Speaker 3 (00:12):
After four, News Talk said B. What's with the light
on detail announcement from the government today on rail? Winston
Peters fronts up after five. What caused all the chaos
at Auckland Airport? We'll ask the chief operating officer and
can you sue your employee? Can you take your employer
to court for canceling working from home? Our civil servants
are trying.

Speaker 2 (00:32):
We'll talk to them shortly, Ryan Bridge.

Speaker 3 (00:34):
Trust. That is essentially what today's rail announcement comes down to. Trust.
It's so light on detail you'd be forgiven for thinking
that ministers only just remembered this morning when they woke
up that they canceled a half billion dollar ferry order
twelve months ago. That is how long we've been waiting
for this. We could have been sailing in these new
ones by twenty twenty six. Sure it ort to cost

(00:56):
US north of three billion dollars. Don't tell the bank,
most of that being spent on land side infrastructure to
handle these big Korean made bad boys. But now we're
being told basically this today. This is the summary. New
fairies are coming, two of them smaller than the ones
we ordered. What is the new cost? Can't say? What

(01:18):
is the new cost of the land side development that
got us into trouble in the first place? Can't say?
And yet they tell us, don't worry, this project will
be much cheaper than the last one. How can you
know that without first knowing the cost of the new fairies?
And how can you know the land side costs without
first knowing which fairies you've ordered, which they haven't done yet, remember,

(01:41):
because the new company they've set up to do that
hasn't got its directors been appointed until next year. And
with Winston now in charge as rail Minister, do you
think he'll oversee the country's railways and kill off rail
enablement between the North and South Islands. Is that the
sort of legacy Winston Peters will want? Of course not

(02:01):
so this could yet again get more expensive, Which is why,
when it comes down to it, with so little detail today,
this announcement really comes down to trust. Do you trust
they can pull this off? That we can have our
cake and somehow eat it too. Bran Bridge nine after four,
the Public Service Association is taking legal action to stop

(02:21):
the government's new working from home rules. It's file acclaim
with the Employment Relations Authority arguing the director violates its
agreement with the government. Acting National Secretary of the Public
Service Association as Flurfit simons, she's with me this evening, plurgridy.
I gave a good afternoon.

Speaker 4 (02:35):
I should say, well, good afternoon.

Speaker 3 (02:38):
So where in your agreement does it guarantee working from home?

Speaker 5 (02:42):
Well, in a number of employment agreements there is reference
to flexible working, including working from home. And actually the
union movement and the employer, through the Public Service Commission,
agreed to a series of principles called the Gender Pay Principles,
and one of them is that agencies normalize flexible and
part time working arrangements for all employees. So our concern

(03:06):
really is that the government recent government directive has failed
to take into account the commitments under the Gender Pay
Principles and those in a number of employment agreements.

Speaker 3 (03:15):
What is working from home got to do with whether
you're a woman or a man, well.

Speaker 5 (03:20):
And it does affect everybody. But this was done in
the context of recognizing that women predominantly take on more
caring responsibilities. But look, it will also impact people with
chronic health conditions, people with disabilities, and in the end,
it could be good for everybody if we managed to
turn around this government directive.

Speaker 3 (03:38):
But you're hanging this this legal challenge. You're hanging this
on the gender issue, and you know, basically saying that
without working for home, you're discriminating against women.

Speaker 5 (03:50):
Yeah, that's right, and that's because the government committed to
addressing the gender pay gap that exists in the public
service agencies. The ways we're doing that by making sure
that workplaces reflect what the needs of women, and it's
actually a legal requirement on them anyway.

Speaker 3 (04:08):
Yeah, but I mean men, what are you saying men
don't look after their kids?

Speaker 4 (04:13):
No?

Speaker 5 (04:13):
Absolutely not, and this.

Speaker 3 (04:14):
All so what I say, so men look after these kids.
Women look after their kids. Just I mean, I guess
the point is, does work not discriminate against everyone? I mean,
many people would like to be other places doing other things,
but the reality is, if you want to be paid
and you want to have a job, you've got to
be at work.

Speaker 6 (04:31):
Well.

Speaker 5 (04:31):
The great thing about our litigation is that if we
are successful, it will apply to men and women, and
it will mean that people who have the ability to
work from home and work flexibly and can do that
in a way that enhances their ability to do their
job and that works for them, will be able to
do this. So, yes, we're advancing it because of a
gender pay princi. Well that's our legal argument, but actually

(04:54):
any outcome, if we're successful, will apply to everyone, and
that's good news for all workers.

Speaker 3 (04:58):
All right. For do you know what the legal costs
will be for your members?

Speaker 5 (05:03):
We're not anticipating it will be high. We're hoping that
we will be able to settle this dispute with Tacua
Mattah or the Public Service Commission and move on and
really make sure that people can keep using the flexible
working provisions they have, which we know work for employers
and for working people.

Speaker 3 (05:19):
All right, thank you very much for your time. For
great to have you on the show. That's the acting
National Secretary of the PSA, flir Fit Simons, twelve minutes
after four. Would love to get your views on that.
Nine to nine two is the number to text, you
know if your boss said to you, sorry, no working
from home anymore? Do you think you should have the
right even if it's not specifically spelled out in your agreement,

(05:39):
you should you have the right to go and pat
them to court. Nine two nine two. It is twelve
after four. News Talk said, be Sport next.

Speaker 1 (05:48):
Who will take the White House results and analysis of
the US election? On Heather Duplicy, Alan Drive with one
New Zealand let's get.

Speaker 2 (05:56):
Connected, the news Talk said Be.

Speaker 1 (06:00):
Sport with the new tab app downloaded today bed responsibly.

Speaker 3 (06:06):
News Talks thereb caught a past four lots of texts
coming in on the PSA taking the government to court
over working from home. We'll get to that in a
second right now, though Darcy Water goes here. Sports Talk
hosts seven pm tonight on news Talks there Be Darcy,
good afternoon.

Speaker 7 (06:17):
If I bring my sleeping bag in here and sleep
under the desk, am I technically working from home?

Speaker 3 (06:23):
Well, I guess. And if you're homeless, and yeah, I mean,
if this is your home, there you go. Then you
can trouble get around the rules and no one needs
to be sued.

Speaker 7 (06:31):
And on Sport we've discovered something quite interesting. Both Ryan
and I have worked with the same sportsman in the
form of Mark Ridgars.

Speaker 3 (06:40):
I liked walking working with you.

Speaker 7 (06:41):
I said, I did a breakfast broken with him, so
did you. But you guys are on Telly because you're.

Speaker 3 (06:45):
Pretty darcy, You're you're not hideous. Hey. The test against
England is the last black Cap test before Garris Diad's
contract expire. Should he stay on his coach to Reckon.

Speaker 7 (06:57):
Well, it's not till kind of medle early next year.
They have to decide that because he's got the champions
traps to T twenty's still lots to do before that.
So we've got Warren Lee's former black Caps coach, on
the program tonight to talk about that and what the
process should be where there's been a good coach, how
well he's developed, and what do you look at for
Marcus as a good coach to make give the guy's

(07:21):
job back. I don't think you should give him his
job back. I think you open it up and say, right, yep,
we love what you do, we know what you do.
But when he's opened this market, because you've been around
for so long, and we'll see what we've got there.
And it happened with Dame Nolen Toda and the Silver
Fernsin's got a job back again, so much better thing.
So an open process. But Gary is a very very serious,

(07:42):
straight up guy and he's not prone to anything over
the top. No, he would just take it very one
by the time.

Speaker 3 (07:49):
You shouldn't just do a backgroom gentleman's deal on it.
You just open it up for an open pa I'd think.

Speaker 2 (07:53):
So.

Speaker 3 (07:54):
Yeah, James O'Connor wants to be the starting number ten
for the Crusaders this season.

Speaker 7 (07:58):
Well good, and so he should good Like he's only
over for a year. He's coming for the Crusaders to
steady the ship.

Speaker 4 (08:04):
To a degree.

Speaker 7 (08:05):
He's a very experienced character, sixty plus test. He's played
all over the world. He's been around. He started off
as a very very young man. Was he seventeen or
something when he started playing eighteen for the Wallabies. So
he's going to be working with some of these young
guys over here that didn't quite hit the ground running
last year under Robert Penny. So the fact that he's

(08:25):
come out and said yeah, I want that job. Of
course I want that job, that's good. Needs to apply
that pressure to the younger guys going I'm the standard,
I'm going to get the job. I'm an international, I've
been there, done that. Challenge me what have you got?

Speaker 3 (08:38):
Knocked me off my pur because that's not done the
way it's done here, is it? In New Zealand. We
don't sort of come out and say we want this
or you know, a player wouldn't say that's what I'm
going for or that's my goal.

Speaker 7 (08:48):
Well, that's very Australian, though, isn't it.

Speaker 3 (08:50):
I like to do that.

Speaker 7 (08:50):
I mean again, you look at the national anthems, God,
Defend New Zealand and advance Australia. Fear it says it all.

Speaker 4 (08:56):
Isn't it just like that?

Speaker 3 (08:58):
The lines fast great to see his.

Speaker 7 (09:00):
Warren Lee tonight to start after seven o'clock take can
we listen? Sam and Inger also from the Breakers, joints
the show towards the end of the piece brilliant.

Speaker 3 (09:06):
Looking forward to Darcy Waldergraves, sports talk host seven pm
tonight on News Talk semb It is eighteen minutes after four.
Bryan Bridge lazy government workers. Ryan says, Lorraine, that is
the whole story, start to finish. This is the PSA
going to see the government over well, take the government
to court, to the Employment Relations Authority over there working
from home. Edit, Lorraine, that's been a little bit unfair

(09:29):
don't you think Ryan, the only reason that the government
is asking the public servants to return to their workplace
is to support the struggling cafe industry in the center
of Wellington. It is not because of productivity. Good on
Flur and a team for her team for challenging this
issue for all people, says Martin. I don't know, Martin,
I think I mean, have they even polled the workers

(09:49):
that they represent to see make sure that this is
what they want to do? This is you pay a
fee to be part of a membership, a membership to
be part of a union? Is this what you I want?
Your subs been spent on? Have they asked? Michael says,
I find it impossible to understand why anyone wishes to
interview the unions. Michael. They do represent a large portion

(10:12):
of society and you cannot ignore them. Nineteen after four
News TALKSVB.

Speaker 1 (10:18):
On your smart speaker, on the iHeart app and in
your car on your drive home, it's Ryan Bridge on
Heather duper c Alan drive with one New Zealand Let's
get connected a news talk said.

Speaker 3 (10:29):
B twenty two after four on News Talk sib so
Luigi Mangioni, He's the guy accused of killing the healthcare
boss in the United States in Manhattan, the Manhattan shooter accused. Basically,
have you seen the video of him being arrested. This
is in Pennsylvania being arrested. They're trying to extradde him
back to New York. All the cameras are there set up.

(10:51):
The world's media is watching the FBI the police catch
this guy, who, by the way, is twenty six years
old and managed to evade the FBI for six I
think that is incredible. But here we are, and as
he's being escorted into the cells, into the jail cell,
he has a bit of a rant and array have
a listen as through the experience he looked crazy. And

(11:22):
there was a really interesting interview with Al Chapo's defense
lawyer because Al Chapo obviously there was a lot of
extradition business going on there and they need to extradite
this guy to New York and he's fighting in that
extradition in court now. Ol Chapo's lawyer says, because of
his mental state, which includes his health issues that we
know about in the back pain that we spoke about yesterday,

(11:44):
he may be eligible for extreme emotional disturbance defense in
New York, which could potentially drastically reduce his sentence. So
this is what al Chapo's defense lawyer said. He says
every word out of his mouth, every action he takes,
needs to be done with a possible psychiatric defense in mind.

(12:05):
And that, ladies and gentlemen, was the performance of a
man who's going to be using that defense. From where
I'm sitting anyway, he is, of course accused at this stage.
We'll see what happens with that. Twenty four minutes after four,
and Dan Mitchison will be with us shortly on that.
From the US. Rich, lots of you still coming in
on the issue of working from home and the PSA

(12:28):
taking the government to court. Ryan, There's no way that
flew from the Public Service Association can convince me an
employee is more productive or more useful in their role
hiding at home with all the distractions that offers compared
to the discipline the oversight that comes from being in
the workplace, shares Phil. Phil, thank you for your message
this afternoon. Just before we go to break, I just

(12:52):
want to draw your attention to something that's sort of
related to this. This is from Japan. So in Japan,
you know, they have a problem with their declining fertility rates.
They're at about one point two births per woman in
a lifetime. That's a record low. Replacement number is two
point one, so they're not doing very well. So over

(13:12):
in Tokyo, the government, the local government there for all
civil servants has just overnight introduced a four day work
week to get them home. And I don't know if
it's to encourage them to be, you know, fixing the
fertility rate on that day here thank you, I didn't

(13:33):
want to say it, and thank you for that you
save my vacant. So I guess you go home and
you be more productive in a different way, in a
more interesting way. But also they say this would encourage,
you know, people who do have children. It's a message
to them that actually, you can have kids and work
at the same time and it's not going to be
as stressful for you. Therefore you might encourage people to

(13:55):
be doing exactly what answers is bit of that. So
there you go. That new rule comes in by the way,
next April for any civil servant over in Tokyo in Japan,
which is pretty interesting. So Dan Mitchison will be with
us after we come back from the news at half four.
Also after five o'clock we're going to get to the

(14:18):
ferries with Winston Peters, who has a new job today.
Winston Peters is your new Minister for Railways. Now I
had a look at this. I don't think we've had
a railways minister since nineteen ninety six. Whyatt Creech was
a railways minister in the nineties, but the last one
we had I can see, was nineteen ninety six. So

(14:38):
I think we've brought back the railways minister role, specifically
because Winston wants to be in charge to fix up that,
in his words, the mess that we have been left
with the Cookstrait crossing. So we'll talk to Winston Peters
about that after five this afternoon. We're also going to
look at that issue of prize givings. That's a past

(15:00):
five this evening, we're going to talk to Tim O'Connor
from Auckland Grammar. Apparently some people say that they're not
fair because kids miss out. I mean, honestly, that's life,
isn't it. Some of us win, some of us lose.
Twenty seven after four.

Speaker 1 (15:29):
Ryan Bridge cutting through the noise to get the facts.
It's Ryan Bridge on here the Tho se Alan Drive
with one New Zealand. Let's get connected and news talk,
said Balk.

Speaker 3 (15:49):
It is twenty five away from five. Great to have
your company this afternoon. The petrol Sorry, the banks are
taking a bit of a hammering over petrol stations. So
B and Z has been accused of defunding rural petrol stations.
This is loans for rural petrol stations. Now farmers reckon.
This is because they've signed up to these deals, these
green deals, which would restrict their funding for things like

(16:11):
a petrol station which is obviously using fossil fuels. The
banks have come back today and said, actually that's not
the reason. The reason that we're not going to be
funding petrol stations in rural areas is because of the
EV threat, so more people will be using evs and
therefore the viability of petrol stations going forwards. And as great,
does that make sense to you. I would have thought

(16:32):
of anywhere the threat of an EV, the last place
you would look would be a rural area because no
one's got one. So anyway, we'll talk about that. After
six we're going to speak to a petrol station owner
on this issue. Just after six this evening. It is
twenty four away from five.

Speaker 2 (16:49):
It's the world wires on news dogs. They'd be drive.

Speaker 3 (16:53):
Israel is really ramping up its attacks on Syria. The
Israeli Defense Forces of Madia strikes against Syrian naval facilities,
and Asraeli troops have advanced further into the country today.
Here's the Israeli Defense Minister.

Speaker 8 (17:06):
I hereby warn the rebel leaders in Syria whoever follows
Asad's path will end up like Asad. We will not
allow an extremist Islamic terrorist entity to act against Israel
across its borders and at the risk of its citizens.
Do whatever is necessary to remove that threat to Australia.

Speaker 3 (17:23):
A car has been set on fire and properties have
been vandalized with anti Israel graffiti in Sydney. The New
South Wales Premier Chris Min's SEAS authorities are treating the
incident as a hate crime.

Speaker 9 (17:35):
A violent act of destruction clearly anti Semitic design to
strike fear into the community that lives in this part
of Sydney. I want to make it clear that this
is antithetical and completely opposite to the kind of Community
and Society that we won in Australia in twenty twenty four.

Speaker 3 (17:54):
And finally, this afternoon, the Spanish World Scrabble Championship has
been won by a man who doesn't actually speak Spanish.
Nigel Richard Richards is a Malaysia based in New Zealander.
He doesn't speak a lick of Spanish, but he did
reportedly memorize one hundred thousand Spanish words. Nigel is commonly

(18:16):
called the Tiger Woods of scrabble. He's won at least
five championships in English and one in French, which is
another language that he doesn't actually speak.

Speaker 1 (18:26):
International correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand Business.

Speaker 3 (18:34):
Right now, we're going to our US correspondent, Dan Hutson. Dan,
what is the latest on the accused Manhattan shooter?

Speaker 10 (18:42):
He are Ryan, Good afternoon. Well, he was denied bail
today in Pennsylvania. He's playing extradition to New York. He
was arrested yesterday, as we know that in Pennsylvania for
the alladed shooting death of the new United Healthcare CEO
Brian Thompson. Interesting though, today, I mean he was caught,
you know, going into court, and he arrived for his

(19:04):
extradition hearing and was just sort of yelling at the
at the media, saying, you know, whatever it means in
his terms, it's completely out of touch. It's an insult
to the intelligence of the American people. He got into
the court room, he was a little bit more composed.
And now we're finding that a book that was published
a number of years ago, back in twenty ten, and
the title is similar to the words that were found

(19:27):
on the shellcasing this near where the CEO was shot,
has risen to number two on Amazon's nonfiction bestsellers list.

Speaker 3 (19:33):
How do you feel about this because the public, the
sentiment seems to me that this guy is a hero,
even though he's well, he's accused of shooting someone in
cold blood in the middle of a street in Manhattan.

Speaker 10 (19:45):
This is I got to tell you, this is strange,
and I think it's something that a lot of people,
considering what happened, are still trying to wrap their heads around.

Speaker 2 (19:51):
But you're right.

Speaker 10 (19:52):
I mean, they're just marveling at his escape on that
e bike, and they've taken to social media like TikTok,
blue Sky and x and there was a lookalike contest
that was held in New York City and on Spotify
even there's these dedicated playlists, and it's just a head
scratcher about why this person has, you know, become this

(20:16):
fascination to so many people. The only thing one can
imagine is that there are so many people that are
frustrated with the healthcare system over here, as he appears
to have been that for some reason. This is how
they're they're showing it.

Speaker 3 (20:29):
Yeah, yeah, fascinating to see how this plays out. Let's
talk about Mitch McConnell, the Republican senator. He's had a
bit of a health emergency at lunch.

Speaker 10 (20:37):
Yeah, he had he had a fall yet he sprained
his wrist and he had some cuts to his face.
And this source said that he has always had a
weak leg from when he had polio as a child.
But I mean, he's eighty two. He's had a number
of health issues or a couple of incidents last year
where you thought this guy has to step down. I mean,
he just froze up when he was speaking to reporters.

(20:58):
I mean nothing, it was just like he glazed over over.
And there's been a lot of talk over the years
that he's just been too old to serve and that
he should have stood down and not run again. He's
refused to, and you know his term will continue until
January of twenty twenty seven. But you know, just another
one of those things. Agism was brought up, as it
was with Joe Biden earlier this year during the election.

Speaker 3 (21:20):
It's a hard one, isn't it, because he's the one
that had that. He's stopped and steered like a deer
in a headlights for a couple of minutes, didn't they,
And it was he had to be led away. So yeah,
and you've got to feel for Mikeys and parts of
Melibu have been evacuated because of a huge wildfire.

Speaker 10 (21:36):
I'll sell you this is just this is sort of
one of those things that you hope doesn't happen, just
because we get these Santa Ana wins blowing through southern
California even this time of the year over here, even
though we're heading into the winter months and we've had
wins up to ninety miles an hour.

Speaker 2 (21:51):
There have been you know.

Speaker 10 (21:53):
Humidities down to the single digits, and the power company
is shutting off power to tens of thousands of people
this in the hills near Pepperdine University, which is a
well known college out there. You've had celebrities, Patrick Dempsey shared,
Dick van Dyke, Mel Gibson has had a home out
there that have had to leave. And it's just unsettling

(22:14):
because we're seeing more and more of these kinds of
fires out here in California. We've had about maybe twenty
five hundred acres on this fire that's burning right now.
But as we've seen in the past, these fires, you know,
get out of control. It just takes a second like that,
and you know, we've lost hundreds of thousands of acres
and it's something that Californians have had to get used
to unfortunately.

Speaker 3 (22:32):
Yeah, Dan, thank you very much for that. Great to
have you on the show. As always. Dan Mitchinson our
US correspondent. Time now eighteen away from five Ryan Bridge.
So we talked you just about the HTIs leader. This
is the group that the lead rebel group over in
Syria that managed to overthrow the fifty year regime of
the family of Bashia al Asad. So the Syrian rebels

(22:54):
have now named the preferred prime minister and it is
the guy that we mentioned yesterday he is the leader
of H two. Yes, he will be the new prime
minister to lead a transitional government to get them through
this period of uncertainty. Now, we spoke about him yesterday
because we took his transition from sort of you know,
jihadi terrorist fighting in the desert to now potential politician

(23:18):
has been something to kind of marvel. He changed his name,
he changed the way that he dressed to try and
appeal to Western society, and it seems to have kind
of worked. He's now been declared, albeit by the rebel groups,
as the prime minister. What's interesting here is H two
ys that lead rebel group has ties to al Qaeda.

(23:42):
So where does this leave Like the United States, the
UK and even the yu N do you recognize a
guy who used to be part of a group associated
with al Qaeder? I mean HTS was designated a terrorist organization.
Do you just, oh, well, forget about his past. He's
in charge noww It'll be interesting to see what they

(24:02):
do that The Gulf states surrounding Syria have done exactly that.
But what will the West do? We'll have to wait
and see. Seventeen away from five News Talk set B.

Speaker 1 (24:12):
The Politics was centric credit, check your customers and get
payment certainty.

Speaker 3 (24:16):
Great to have your company this afternoon. Great to have
the company of Varry Sofa. Senior political correspondent. What a
big Well it's a big day, but sort of nothing
in it Sandwich today.

Speaker 11 (24:25):
Well you know that the National Party and those that
are in government used to pillary the Labor government for
making an announcement about an announcement. Well, this is exactly
what this coalition government has done today. We were led
to believe we were going to hear about two new ferries,

(24:47):
and we were going to hear about the break fee,
which I think probably is three hundred million dollars, but
I've delayed that because they want the year to end
on a high. But unfortunately the track that Chris Luckson
has always said the government's on, they've just come off
that track now because any expectation that we had that

(25:10):
a year on we're going to see the plan for
the new fairies has gone by the wayside. Setting up
a new company, a state owned company.

Speaker 3 (25:18):
No director's appointed till next year.

Speaker 11 (25:21):
No, that's right, And you know, how can you say
it's going to be cheaper when you haven't.

Speaker 3 (25:27):
Started negotiation exactly. I mean, you know, and the big cost,
let's not forget, was the land side cost. How do
you know the landside costs without knowing what fairies you're
going to buy?

Speaker 4 (25:36):
Well, no, exactly.

Speaker 11 (25:37):
And that was the problem with these big mothers, these
big fairies that they were going to buy. The infrastructure
on other side of the Strait couldn't accommodate them. So
why on earth they decided to buy them in the
fairst place? Anyway, Winston Peters though, he's to the rescue.

Speaker 9 (25:52):
He's the new.

Speaker 11 (25:53):
Minister of Rail. As you said, they haven't had one
of those for many a long year. And it was
Winston that coted Alan Greg Miller as a CEO of
key We Rail. He lasted just over two years and
left under something of a cloud, with allegations about his
management style being made against him. But in Parliament Chris

(26:14):
Luxen was left offending what would have to be seen
as the indefensible.

Speaker 12 (26:19):
Here he is, I'm very proud to that today we
announced an incredibly fantastic, incredible plan to actually ensure we
have a resilience, safe and reliable crossing on the Cook Straight.

Speaker 13 (26:29):
If he's so confident that the new inter Island fairies
are going to be such better value for money. Why
can't he tell New Zealanders one year on how much
they're going to cost, who's going to build them, when
they're going to arrive, whether they're going to be able
to have trains on them, and what the costs for
other users is going to be.

Speaker 12 (26:44):
And that member's question just illustrates the economic illiteracy from
the other side. You don't reveal for commercial sensitive He
reasons the actual budget.

Speaker 13 (26:53):
One year after canceling the order for the previous inter
island fairies, will he now tell the New Zealand public
how much the decision to cancel the fairies has cost?

Speaker 12 (27:04):
As I said, our budgets are commercially sense that for
the reasons I've just tried to outline that member the
leader of the opposition is the arsonist who lights the
fire and then criticizes the fire brigade for trying to
put it out.

Speaker 14 (27:14):
Is the Prime minister where that one of his minister's,
Minister Seymour, set on the bridge today that these fairies
will not be rail enabled.

Speaker 12 (27:21):
These are fairies that will be rail compatible and they
will be that are much there.

Speaker 3 (27:28):
The key isn't it there.

Speaker 11 (27:29):
Well, Winston's on board now and we all know that
Winston wants them to be able to take trains on
board so they can continue there.

Speaker 3 (27:37):
And does he want to be the Minister of Railways
that goes down in history as the guy who stopped
rail enablement between North and South. No, all right, and
the hukker defended its use defended in parliament today?

Speaker 11 (27:48):
Oh well you know, only yesterday, of course the Maori
leadership was referred to the Parliamentary Privileges Committee. So too
was the young MP that led off the hakka, so
too was Penny hen Now you think they would wait
and keep their own counsel until the Privileges Committee met,
But not Narewapaka. She was on Radio New Zealand today.

(28:10):
She said that the haka isn't a protest, it's an
expression of who they are and we could all see
that in their house. I mean, there was no threat
to David Seymour. But if you think we've heard the
last of the hakker in parliamentary debate, then think again.
Have her listened to Noriwapaka armar inst today.

Speaker 15 (28:30):
We have the right to express ourselves. You cannot hauck
us sitting in those cross spaces behind your BASc or
your bench. It was the right to express ourselves. Now
the unruly is young really the hypocrisy of that their
house doesn't interject, doesn't yale, doesn't point, doesn't get personal,
doesn't call people names. For goodness sake, we're talking about

(28:52):
parliament here. We have had people called, you know, all
sorts of name coins. The hacker was dignified. It was
an expression again of what and how we felt. Now
isn't that place to tell us when we're allowed to
be mildy and when we're not. We're allowed to express
ourselves and when we're not.

Speaker 11 (29:10):
No, it's a place where you should know how to
be an MP.

Speaker 3 (29:14):
And this is Parliament does not disallow hacker. And we've
been in parliament many times they I mean, every time
there's a treaty bill that's signed or something there is
a beautiful winter or hakker. Yes, it's not disallowed. No,
it's just the crossing the floor and they're waving the
hands in the face that there might be a problem
and no.

Speaker 11 (29:33):
Rewa packer has ow pointing a finger at David Seymour
That looked to me very like a pistol. So you know,
I mean that is not good behavior and it should
be held to account.

Speaker 3 (29:43):
Off to privileges. They go, Barry, thank you very much
for that. Great to see you. It's always better to
talk to you. Senior political correspondent with us for a
wrap of the day in politics. Eight to five News
Talk said b lots to come, including Winston Peters on
the Fairies after five.

Speaker 1 (29:58):
Putting the time questions to the newspeakers, the mic hasking breakfast.

Speaker 16 (30:02):
Banks have been busted refusing to bank some petrol station
owners because these guys sell fossil fields and fossil fields
are not cool anymore. Federated farmers have blown the whistle
on this one. In the National Board Member Richard McIntyre's
with us.

Speaker 17 (30:13):
And we've had quite a few petrol station owners as
you reach out to us, and one of them has
actually given us a letter from vend saying they can
have no further ending from here on in and that's
they have to begin repaying all.

Speaker 18 (30:24):
Of their debt and it has to be repaid by
twenty thirty.

Speaker 17 (30:26):
These are small business owners that provide a service to
New Zealanders in general, and so for the banks decline
and to fund them and consider them to be negative
while the reservation is actually consider them to be a
vital service is just ridiculous either.

Speaker 1 (30:38):
Duplessy Allen on the mic Hosking Breakfast Back tomorrow at
six am with the Jaguar f Base on Newstalks dead B.

Speaker 3 (30:47):
News Talks THEREB has just gone five away from five.
Woolworth has confirmed today that their Christmas pudding sales are
up forty percent on last year. What do you know,
hideous thing to eat? Don't give it as a gift
because it's like poison for people. I wouldn't recommend that,
but anyway, apparently there'll be lots of it this Christmas
because sales are up forty percent. I suppose that's good.
It means people are spending money this Christmas. Also interesting

(31:10):
is ham topping lamb as our favorite Christmas meat. This
is according to a survey Retail Meat New Zealand's Great
Key We Christmas Survey. They reckon thirty four point eight
percent of us will serve ham as our main protein,
lamb thirty four point six. So I mean it's pretty close.
It's a toss up really between ham and lamb. Turkey.

(31:31):
A few people doing turkey, but not many. My grandma
does ham. She does cold ham. She doesn't glaze it,
and I've told her this before. It's kind of funny
because her name is Pam, so it's Pam's ham. But
Pam's ham is quite dry. And I much prefer lamb
because you get a lot of fat around it, you know,
and all you need to do with lamb, even if

(31:54):
it's cold that's been on the fridge overnight, just check
it in the microwave and that fat will warm up
and it'll just absolutely beautiful, lovely and fatty. It's my
favorite meat. Turkey. Turkey is the driest of them all.
I tried to do turkey one Christmas because my family
all came up to Aukland. They live in Wellington, and

(32:14):
I thought, right or to do a fancy Christmas. I
went to Pharaoh the fancy supermarket, spent an absolute fortune
and they gave you a turkey which I cooked in
the oven and it was, honestly, it gave Pam's ham
a run for her money in terms of dryness.

Speaker 19 (32:27):
It was just I was about to suggest r and
I was like, you see, to have a lot of
thoughts on how the ham could be done. So maybe
instead of Pam, maybe you could take it to this Christ.

Speaker 3 (32:34):
Well, I don't know that. I'm much better. I think
the apple doesn't fall far from that tree. We'll be
back with Winston Peters after the News Money.

Speaker 1 (33:06):
The only drive show you can trust to ask the questions,
get the answers, find the facts and give the analysis.
Ryan Bridge on here the duplessy Ellen Drive with one
New Zealand let's get connected news talk as they'd be.

Speaker 3 (33:20):
Seven after five YEWS talks, there'd be plenty of questions
had been left unanswered this afternoon. On the future of
the inter Islander ferries, Finance Minister Nicola willis As announced
there will be two new fairies, but won't say how
much money has been set aside for the project or
whether the fairies will be rail enabled. A new current
company will be established to procure the new ferries to

(33:41):
begin service by twenty twenty nine. Remember the other ones
would have been in operation inside the next couple of years.
Winston Peters has been appointed the Minister for Rail. Minister,
thank you for being with me on the show. It's
great to have you here. How much money? How much
have we saved as taxpayers on this deal.

Speaker 4 (34:01):
Oh look, those questions, as I told the media today,
cannot be answered in the first hour or two. Have
taken over a new portfolios and Minister for railways. But
I've done it before and turn the railways around between
seventeen and twenty and so we're setting out again and
by our first award will be consolting with all the
people that are involved. So we ensure that when we
go forward, because all the information we need to make proper,

(34:22):
sound and frugal decisions.

Speaker 3 (34:25):
Will it be cheaper than the previous cost of three billion?
Ods well, the.

Speaker 4 (34:31):
Previous cost that actually was said by Treasury to be
when we got to government heading towards four billion and
more so. Yet it'll be massively cheaper than what we
were inherited.

Speaker 3 (34:41):
How can you say that when you don't know what
the cost will be.

Speaker 4 (34:44):
Yet They've got some experience in this matter, know bit
about the markets and no bit about commerce. The last
thing you do is tell the market what you're going
to pay. That's not how you do business. We want
to get the best deal for the taxpayer.

Speaker 3 (34:56):
We just have to trust that you'll be able to
do that.

Speaker 4 (35:01):
Well, this is not asking them to trust you. That's
the wise way you're going about it. If you're going
out there using taxpayers money, hardened as it is, it's
paid for by taxpayers in your job is to use
it wisely. And now I'm going to do that as
I did when I was last Minister of Rails. And
when we turn things around quite dramatically, all the tunnels
up north, all seventeen tunnels were lowered, the Hillstop Workshop,

(35:23):
Hilllid Workshop, and Needin was revived. It's operating now. All
these things were done back then.

Speaker 3 (35:28):
Will the overall cost, including the cost the ports might
be wearing that everybody else involved might be wearing, be
lower than the overall cost of the previous project?

Speaker 4 (35:38):
Way way lower? Yes?

Speaker 3 (35:41):
Do you have confidence in kb rail? And are you
now the minister in charge of kb rail?

Speaker 4 (35:47):
So I'm the medicine in charge of t rail, that's true.
And the second thing is I'm going to have a
chat downtown and see what they've got to say for themselves.
But this was a project which I instructed them to
go out in May and buy two fairies at the
price of four hundred point one million dollars and look
what we ended up with. Four billion dollars called a treasury,

(36:08):
because what they ended up doing was to buy fairies
which were only twenty percent percent of the cost, and
all the rest was infrastructure that nobody foresaw.

Speaker 6 (36:19):
I know.

Speaker 3 (36:19):
But the thing is, you still don't know what the
cost of the infrastructure of the port side will be either
for the new fairies that you don't know how much
will cost.

Speaker 4 (36:26):
I'll have a serious idea on that, because I know
what kind of ferry we're looking for.

Speaker 3 (36:31):
And what kind of fury is that.

Speaker 4 (36:35):
One that will do the job probably and going to
the next few decades, and a sound proposition which needs
to be up and going in twenty twenty nine.

Speaker 3 (36:43):
Will they be bigger than the current feries, but smaller
than the ones we won't get?

Speaker 4 (36:49):
Oh possibly talking two hundred meters.

Speaker 3 (36:52):
Okay, so so bigger than the current ones.

Speaker 4 (36:55):
Yeah, but not the ones that they had ordered. No,
those were massive, and they were massive infrastructure which no
one was told about until all of a sudden in
twenty twenty one we found out that a four hundred
point one million dollar project had blown out and was
building costs and we had no way of turning it
around if we kept it going.

Speaker 3 (37:14):
Which brings us back to Kiwi Rail. We're going to
be buying two ships for more than we were going
two smaller ships for more than we were going to
pay for two bigger ones. And KiwiRail is the organization
that stuffed this whole thing up, and you still have
confidence in them.

Speaker 4 (37:31):
Did I say had conference in them?

Speaker 3 (37:33):
Do you know?

Speaker 11 (37:33):
No?

Speaker 4 (37:33):
I didn't, and so I didn't answer your question. I said,
I'm going to go. I don't have a tap them
before I started giving going to put enough off my head.
I want to hear this side of the story.

Speaker 3 (37:44):
Are you worried about weather issues? If we've only got
two ships and they are two hundred meters long, one
goes out of action, we're becoming a bit vulnerable.

Speaker 4 (37:56):
Well no, see, people aren't looking at all the permutations
of four decision making. I am, and that's why there
are things in my for planning which I have never
been mentioned publicly yet. Because to go to the market
you have to have a plan, and that plan is
going to be formulated with speed over the next few months.

Speaker 3 (38:15):
When can we see the report from the working group?

Speaker 4 (38:19):
Oh, well, you'd have to try it on the official
information that can see how you go. The question really
is whether there's any commissional sensitive information here that you
can't get because that would be contradictory to wise decision
making and Wise's business on ownership?

Speaker 3 (38:34):
Can you rule out private investment or a mixed ownership model.

Speaker 4 (38:39):
I have not talked about privatization, the poblitic mixed ownership model,
like all other aspects would be in the mixed sifty consider.
But let's see and we go out there that actually
when we're making decisions, knowing what we're talking about, rather
than guesswork and acting like an adar and octopus, which
the previous regime was tossing money around all over the
place and no one knew what the costs got to do?

Speaker 3 (39:00):
Minister? What's taken so long? It's been a year since
these ferries were canceled, it's been six months since the
report came in from the working group. We haven't even
got a procurement company set up yet, there's not a
director being appointed until next year. What's been going on?

Speaker 4 (39:16):
Well, the article four companies going to be set up
very quickly. The shareholding ministers are the Minster Finance and
me and we'll get on with the job. Now you're
asking me after four hours in the job to explain
what's gone on in the past. Well, i'll let you
know when I found out all those things and myself.

Speaker 3 (39:32):
Why are you suddenly the Minister of rail.

Speaker 4 (39:35):
Because I had the job and turned rail around, turned
railways around. You recall in twenty seventeen they've been run
down and being shut down all over the place, and
I turned that around. And so I think that the
Minister has confidence that the person did it probably one
time can do the same job a second time. Whose
idea was but this is not my first railway rodeo.

Speaker 3 (39:57):
Whose idea was it? What do you mean to come
back to bring back the Minister of rail.

Speaker 4 (40:05):
Oh, it's just a white suggestion that somebody made.

Speaker 3 (40:08):
Would that somebody be you, minister?

Speaker 4 (40:12):
Well, you know as well as I do that modesty
is my middle name.

Speaker 3 (40:16):
Camera doesn't talk about how sweet it is only on.

Speaker 4 (40:20):
The you're coming on you you're learning real.

Speaker 3 (40:22):
Fars hey on the on the raid because rail is
obviously I mean you are now the Minister of Railways.
A cheap ship is not a rail enabled one, right,
So have you conceded that point to your colleagues?

Speaker 4 (40:35):
No, I'm not considered anything at all, because, as I say,
your job when you get a job as a minister
to find out everything, and if there's got fifteen angles
to it, then find out all fifteen, not just act
on three of them. You might have found out about.

Speaker 3 (40:51):
But you've got a fiscal eno like reportedly nine hundred
million dollars, you're not going to get rail enabled for that.

Speaker 4 (40:56):
Well, again, that's not true. See that's what was lad
to TV three. You could patch us generally, inchwi you
pep on putting that stuff out.

Speaker 3 (41:04):
That's false as that number is false?

Speaker 4 (41:08):
Is it false? Yes, of course it is. Yes.

Speaker 3 (41:11):
So so what what's the real number? More or less
than that?

Speaker 4 (41:14):
Oh? So no, I knew you're going to go there,
but you just specified that. I told you. Here's the
problem question without I can be transparent.

Speaker 3 (41:23):
Fair enough, fair enough, but here's what you're talking about.

Speaker 4 (41:25):
But when you're talking about the market, the last thing
you go to the market and say is this is
what I'm better pay.

Speaker 3 (41:29):
I understand that, I understand that.

Speaker 4 (41:31):
But the problem your money is carefully you're.

Speaker 3 (41:34):
The problem the public has is that we've been dicked
around on this for years now, and it feels like
we're being dipped further down the road because we don't
know how much are we're going to be paying for
these things we don't have we don't even have an
entity set up to buy them yet, and we've been
told trust us, we'll fix this.

Speaker 4 (41:50):
Oh no, I'm not doing that. I'm saying that I
have taken railways on in the past and dramatically turned around,
going ask the unions, going to ask the maritime and
all those people whether they've got confidence I can do
this job.

Speaker 3 (42:02):
Probably would you be happy to go down in history
as the railway minister who killed off rail enabled links
between North and South Island.

Speaker 4 (42:13):
Look, I was just telling the media today, your colleagues,
if they were listening, that a man called Vogel built
more railways and ten years eighteen eighty seventy eighty eighties
than we did for the next on thirty years. We've
got a can do attitude and we're going to make
sure that rail is a key part of our future infrastructure.

Speaker 3 (42:31):
Minister, thank you very much for your time. I appreciate
you coming on the program. That is the newly appointed
rail Minister Winston Peters sixteen after five, Ryan Bridge coming
up next. We're going to talk to the Auckland Grammar headmaster.
Why well, there's a very controversial opinion piece doing the
rounds about school prize givings. If you've got kids, you've

(42:53):
probably been attending them in the last couple of weeks.
Are they a good idea or are as this writer suggests,
are they actually doing our kids harm? We look at
that next. Okay, so here's a pinogree deal that is
so good we actually have to keep the full details
on the down low on tonight's show. It's available online

(43:13):
with the guys at the Good Wine Coat, and the
wine is being sold as the Mystery Marlborough Pinogreed twenty
twenty three. Now the wine's true label is on the
box and the bottle and is all revealed when it
lands on your doorstep. This is a wine that's won
a ton of very impressive awards, including ninety three out
of one hundred and Top Value Award with Master of

(43:34):
Wine Bob Campbell. It's Cuisine Magazine recommended, and was listed
in the Real Review's Top pino Greed twenty twenty three list.
To view the full details, you'll need to visit the website.
But let's just say that You're getting a seriously good
bottle of Pino Greed for just twelve ninety nine as
part of this mystery deal. And to seal it you'll
pay just a dollar per case delivery on your door

(43:57):
to your door anywhere in New Zealand. Conditions apply. Multi
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So get in quick order online right now the Good
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double six to two double six to two rayen Bridge.
It is just gone twenty after five. With the school

(44:19):
year coming to a close, students and parents are attending
their school prize givings. Discussion around where the student awards
are fair or not has come back up, with some
arguing it can make children feel discouraged when they don't win.
It was an opinion piece done published on One News today.
We'll get to that in a short and we'll get
to that in a second. Au Con Grammar Headmaster Tim
O'Connors with me tonight, Tim, good evening, good evening, right,

(44:43):
good to have you on the show. Let's start with
your school. What awards do you guys give out.

Speaker 20 (44:50):
At prizegiving? So we have full school prize giving, So
Form three rights we to Form seven and one go
seven hundred and eighty prizes we hand out on that morning,
everything from sports prizes, performing arts, culture, character diligence, academic prizes,
special academic prizes leading to the pinnacle award, which is

(45:14):
the Ducks.

Speaker 3 (45:15):
So how many here's the question, how many kids would
miss out on an award?

Speaker 20 (45:22):
Well, if there's twenty seven hundred students in the school,
then you know just under two thousand.

Speaker 3 (45:27):
Right, and do you feel bad for them? I mean,
should we feel bad for them? Is it a reason
not to do awards ceremonies?

Speaker 20 (45:35):
No, not at all. Prize givings are an opportunity to
actually celebrate student achievement. It doesn't mean that everyone should
get an award. The concept of coming together as a
community actually described us at prize giving to remind our
boys of it is. It's actually it's a ritual or
a trait of education where actually we should learn how

(45:58):
to be a contributing member community and that includes being
able to respect high level achievements. It includes coming into
a formal occasion where there is a certain standard of
behavior that's expected in terms of the way you respond
to those who are crossing. Is a dress standard, it's
a sense of occasion, which is actually a part of

(46:20):
education where we're actually initiating young people into traditions and
ways of doing and ways of being.

Speaker 3 (46:26):
This opinion piece and I know you've had a look
at it from Alice Waghorn, was published from the Conversation
I think in one use today says awards can lead
children to depend on external validation. When kids get used
to seeking approval through awards, they may struggle to find
self worth and motivation in their own efforts. I mean
that sounds like a little bit of nonsense to me,

(46:48):
But do you see any truth in that. Maybe for some.

Speaker 20 (46:50):
Kids, perhaps it's dependent on age. But in a secondary environment,
we describe ourselves to the boys and we remind them
on a daily basis at assembly that we're a meritocratic environment.
At every single one of them enters our gates on
a daily basis, wearing the same uniform with the same opportunity,

(47:13):
and it really is dependent then on their attitude and
their work ethic as to the level of success or
the level of learning. That they experience so now year
i'd disagree. I actually shared in Prizegiving this year with
the boys a quote from New Zealand writer from cal
Steed who said, you can't create equality by legislation. You

(47:36):
can only create opportunity and let time and individuals.

Speaker 4 (47:39):
Do their work.

Speaker 20 (47:40):
Equality of opportunity is the moral principle. Inequality of talent, energy, commitment, intelligence,
strength of purse, purpose and will is a.

Speaker 3 (47:49):
Fact of life.

Speaker 20 (47:50):
And I'd wholly endorse that.

Speaker 3 (47:53):
Quite refreshing to hear. Actually, thank you very much about
Tim O'Connor Aukin Grammar headmaster. It is twenty four after
five News Talk said bee to come including after six
we're going to talk Sorry after the news at five thirty,
We're going to talk to Auckland Airport about the flight
disruptions today. What the hell was behind that?

Speaker 2 (48:09):
Hard questions? What's a strong opinion?

Speaker 1 (48:11):
Ryan Bridge on Heather Duper c Allen Drive, where's one
New Zealand Let's get connected News Talk z B.

Speaker 3 (48:18):
Twenty seven after five. My twenty twenty four word of
the Year is chipocrisy. When Chris Hipkins says something so
outrageously hypocritical it warrants its own entry in the dictionary.
Today he's actually managed to say something both outrageous and
outrageously hypocritical. He goes on iurn zed this morning and
essentially calls the Speaker of Parliament a racist. He said,

(48:40):
Brownlee was only referring Maldi MPs to the Privileges Committee
for a telling off over that hucker in Parliament, not
the others. Wow, this is the leader of the Opposition
on the Speaker of Parliament. And what did he mean
by that? He was asked and he said, quote, people
can draw their own conclusions. Clearly, the conclusion he's drawn
is that roundly is sending MPs to Parliament's court based

(49:02):
on the color of their skin. And just to clarify,
not everyone who did the hakka will go through privileges.
Only those who got out of their seats to cause
a disturbance to proceedings were referred. So not in the
real world, some racist crackdown. But it gets worse than that.
He goes on to defend an MP's right to stand
in the face of another MP, to cross the floor
and to get up in their grill. He refused to

(49:23):
condemn that behavior. This is the same guy who cried
foul when Tim vander Molan stood in front of Shaddon
Halbert's let Committee. Remember that the same guy who said
when Julian Jenta did a very similar thing up in
Deocey's grill, he said no mp should use intimidating behavior
in the House, and yet today a different tune. So
there is your hypocrisy. You see. Hipkins wants to turn

(49:46):
this into a race debate because he thinks it'll hurt
the government and thereby help him. But he's wrong. Hucker
and Wyater are expressions all parties welcome in Parliament, at
least they should. They happen all the time. I've witnessed
many over the years. Aproaching another's bench, intimidating and in
one case mimicking a gun are clearly a step too

(50:08):
far for the speaker and it's that behavior alone that
is under scrutiny. Here Bryan Bridge twenty nine after five
Auckland Airports on the show after the news at five
point thirty. They had some very annoying technical issues today
we'll get to the bottom of.

Speaker 2 (50:24):
Dose digging deeper into the day's headlines.

Speaker 1 (50:33):
It's Ryan Bridge on Heather duplass Ellen Drive with one
New Zealand.

Speaker 2 (50:37):
Let's get connected us dog ZIB.

Speaker 3 (50:47):
Twenty fair away from the sets. Newsforg ZIB after sex,
we're talking to the banks. Sp and Z in particular
has been under a lot of PreCure today over there
funding for petrol stations and rural areas. We're going to
speak to a petrol station owner after six. Stay tuned
for that right now. It turns out those queues out
the door at Auckland the airport this morning were caused
by an issue with a switch. For several hours this morning,

(51:09):
some airlines had to check in customers manually because they
couldn't get the internet to work in twenty twenty four,
leading to flights being delayed, a lot of disruption. Chloe
Sarage's Auckland Airport's COO, Chief Operating Officer. She's with me tonight.
Good evening, Hi Eran, thanks for having me Chloe. Who
flipped the switch or didn't flip the switch?

Speaker 4 (51:30):
Listen?

Speaker 21 (51:30):
Can I just say first up, you know it has
been a challenging day for travelers, so I just want
to thank everybody who was traveling in and out today
for their patients. You know, nobody wants their travel plans disrupted,
so we just appreciated that. Now we've got a little
bit more information on what created the fault. If you
can give me a minute, I'll try and explain it
very simply. I'm not a tech person, but basically what

(51:52):
happens is, we've got a fiber network like every other place,
plugs into communications switches, multiple of them. It connects into
network providers and that's what all the businesses operate on
at the airport. So today, when things happened, as tech
teams do, they work through the elimination process, isolated the
fault to a particular communication switch and that was in

(52:15):
the domain of one of the network providers. So what
happens ryan when that occurred this morning, that cuts internet
access to the customers operating from that device, as you
pointed out, and that impacted a lot of businesses, including
the check and provider. So the fix was to, you know,
work with the external network providers. The tech teams disabled

(52:37):
the network connection and then they changed to a different
internet provider and that brought everything back online. So that's
kind of it in a nutshell.

Speaker 3 (52:45):
And you don't know how this switch flicked.

Speaker 21 (52:49):
No, it's more complicated than I can explain a little bit.
But it's something to do with v land.

Speaker 3 (52:55):
So but that's so not It wasn't in the switch, right,
So it's not like someone physically flicked a switch. No,
there's some kind of computer program that has done of
its own volition.

Speaker 21 (53:08):
Yeah, that's right, it's a fault within the switch, as
I understand.

Speaker 3 (53:11):
Is it a worry that there is one switch that
can do this? I mean, how many passengers affected today?

Speaker 21 (53:16):
And there are multiple switches ultimately and this. Yeah, you're right,
you know there are. I'm not sure how many of
these switches were faulty, but that does cause disruption, as
you've pointed out. And so today we probably had about
forty airlines running on delays departures, and then as that
kind of has a knock on effect, probably about twenty

(53:39):
arriving flights slightly delayed as well.

Speaker 3 (53:41):
I mean that's pretty major. Alex is just testing into
the show. Why does the airport not have a fully
redundant ring network? That makes this makes no sense at
all in this day and age.

Speaker 21 (53:52):
Yeah, and listen, I appreciate all the questions. I'm probably
not quite the right person to answer the very technical things,
but what I can say from this is obviously we
will be learning from it, but also our external network
providers and other providers as well. So we're going to
take this away and have a look at what redundancies
can be put in place.

Speaker 3 (54:11):
Right, are other airports at vulnerable like this? Or is
it just Auckland Airport that seems to have switches can
be flicked and planes aren't able to land?

Speaker 21 (54:20):
Well, I think airports are pretty complex places. Generally, they've
got a lot of local networks and then they've got
the external providers and they are multiple businesses joined up,
so they're pretty complex. Now I can't comment on any
other airports of course and their level of resilience, but generally,
you know, airports would all have the same, you know,
types of types of questions.

Speaker 3 (54:42):
I suppose, all right, good luck with that. Close sounds complicated.
Closed surage is the Auckland Airport COO. It is nineteen
away from six.

Speaker 1 (54:51):
With New Zealand Southerby's international realty, local and global exposure
like no other.

Speaker 3 (54:57):
Someone's saying, Ryan, you idiot, it's not like a light switch. Well,
when you see the word switch, I mean, what else
are you to think? What else are you to imagine right,
let's go to our huddle. Jordan Williams, the tax pacing
is with us tonight. Jordan good evening, Good Ay, Ryan
and Jack Tames here, host of Saturday Mornings on ZB
and Q and a gid a.

Speaker 6 (55:13):
Jack kel right.

Speaker 3 (55:15):
Good to have you guys on the show tonight. Jordan
will start with you. Let's talk about those fairies. We
don't well, what do we know? What can we talk about?
I guess and we're a little light on detail.

Speaker 4 (55:25):
That's pretty much.

Speaker 22 (55:26):
The conversation I just said with my staff. You know,
this is the we didn't really really I see infrastructuring,
the other input out a release, welcoming the possibility that
there could be some external capital or a public private partnership.
But on the other hand, you look at this and
this is the announcement you have when basically a cabinet
Nikola Willis has had to say, guys, I know we
can't agree anything.

Speaker 3 (55:46):
But we have to say something. Please.

Speaker 22 (55:48):
You know where there's a chance that these rail new
fairies will be enabled sorry rail enabled. But you know,
let's just step back and look at this. You know,
the private companies don't need the taxpat a front up
every time you need to buy a new boat. And
somehow the political class in Wellington are continuing with this,

(56:09):
this joke that replacing three fairies with two fairies somehow
makes us more resilient.

Speaker 3 (56:16):
Thank you, Jordan. I'm going to get to Jack. I
want your take on this when we come back.

Speaker 1 (56:20):
The huddle with New Zealand Southeby's International Realty elevate the
marketing of your home.

Speaker 3 (56:25):
According to six News Talks, there'd be the huddle tonight.
Jordan Williams, the Taxpayers Union and Jack Tame, host of
Saturday Mornings on zbn Q, and a Jack come to
you on the fairies. Is this, as Jordan said, like
a big disagreement between ministers who can't decide on anything.
Winston's maybe thrown as toys. He's now the Minister for
Rail and we've got further delays. Is that how you

(56:48):
see this?

Speaker 2 (56:49):
Yeah?

Speaker 6 (56:49):
I think it is.

Speaker 23 (56:50):
I mean, I think it's pretty remarkable, given the swiftness
with which this government has moved in all manner of
policy areas, I think, largely to their quatits, how little
they have achieved on this front over the last twelve months.
And it's interesting to distinguish this issue in this policy
from the policies which were really explicitly laid out in

(57:10):
the coalition agreements, because this is probably the single media's
policy to come across the government's desk without an agreement
having been reached during the coalition negotiation process. And I
think this is where we are seeing some of the tensions, right.
So yeah, clearly there's there's disagreement. I mean that, you know,
I think it's safe to say that Act has a
similar position to that of Jordan, where they don't think

(57:31):
actually the tax pan needs to be shetting out for this.

Speaker 6 (57:33):
Clearly New Zealand first, that's a completely different position.

Speaker 23 (57:35):
Yeah.

Speaker 3 (57:36):
But the thing is, you know, if Winston's now in
charge and he's very shrewd, you know, getting likes to
agree to a rail portfolio. Now that he's in charge,
is he going to be the minister that goes down
in history that cancel rail enabled ferries between the North
and the South Island. No, So then the project becomes
more expensive. So then you know, how can they say

(57:59):
it's going to be cheaper Jordan?

Speaker 22 (58:02):
Well, I mean that's yeah, I mean that's recisely the
conversations that will be happening behind the scenes. And the
thing that I find most interesting in this is that
there has been a lot of disagreements has tended to
be around this combination of ministers.

Speaker 3 (58:16):
And one of the things.

Speaker 22 (58:17):
That you know that that former prime ministers or leaders
of the opposition that have dealt with Winston Peters will
tell you is that you should be really really careful
you know who what team you put on the field
in terms of those sorts of negotiations. Now, I don't
think you know you're breaking any state secrets to say
that there is not a lot of love loss between
Nichola Willis and Winston Peters.

Speaker 3 (58:38):
And I think this is going to could could well.

Speaker 22 (58:40):
Take its time in terms of getting a resolution of
this matter. Meanwhile, we continue to go across the cook
straight on these old old dungs that are possibly at
risk of something else going.

Speaker 3 (58:53):
Wrong by Kayak, Chris Hopkins is inferring racism. Jack This
is you know, he's not come out and said it,
but he was on our rands Deed this morning and
he basically said that Jerry Browny was only picking on
the Maori MP's and sending them to the Privileges Committee
over the hakker in the house, not on the others.
And he was questioned by corn Dan about this and

(59:16):
he said, oh, well you can read into it what
you make your own conclusions. I thought this was pretty outrageous.
What did you think?

Speaker 23 (59:22):
Well, well, I mean, I just I was confused by
his comments because he said that there were non Mardi MP's.
He suggested that there were non Mardi MP's who stood
up and performed the harker or protested alongside to parts
of Mardi and the Labor MPs who did that. And
I've only seen that kind of footage that mainly focused

(59:43):
on Harder us that he might be clark. I can't
see other MP's in that standing up and joining them.
I just would have thought a kind of blanket rule
for anyone who clearly.

Speaker 6 (59:54):
Broke the rules is appropriate.

Speaker 23 (59:56):
And if there were only Malori MP's who broke those
standing ord, then it should only be Marty MP's who
are punished. But if it were people other people who
did exactly the same hauker and were protesting in the
same way, then.

Speaker 6 (01:00:08):
Of course they should be they should be punished as well.

Speaker 23 (01:00:10):
But you know that main footage that we've all seen,
I wasn't in the house that day that main footage
that we've all seen. I couldn't see others, so it's
probably a judgment best left to someone else who could
see those people. And I don't think Chris Hopkins named
those other MP's today, which was an interesting point.

Speaker 3 (01:00:25):
He didn't, And so we went to Jerry Browning's office
and he said there were others like non Maori MPs
who were joining it in the hacker as well, but
they were standing behind there, they were at their desks
doing it. So he said the distinction being made, you know,
his line in the sand was basically, if you walk
out into the middle of the chamber and you know

(01:00:46):
you're doing it there, that is a disruption, whereas for
those who weren't, they're not going to the privileges. So Jordan,
I guess that's a distinction that he's made.

Speaker 22 (01:00:56):
Well, I make a slightly different distinction, and that is
that the wording around this is all around the disruption
of parliament. I think constitutionally though the significance of this
was the intention to intimidate because walking over to those
act MP's doing that, well, sorry not you know, huckering
over in that gap between the opposition and the government

(01:01:16):
could be, you know, in historical terms, be interpreted as
quite intimidating, and it is a very you know a
lot of the traditions around Parliament that even the length
of the opposition to the government benches, you know, historically
being the least in the in the UK House of Commons,
you know, two sword.

Speaker 4 (01:01:33):
Lengths for a reason.

Speaker 22 (01:01:35):
There's that When I first saw this, it was more
as sort of my reaction was more in that sort
of disappointment that there is a worrying willingness to reach
for the racism card. And I think to have the
leader of the opposition do that, And I know Labour's
leaning pretty heavily into the sort of critical race Marli
party view of the world, but I think to suggest

(01:01:59):
that the speaker, when you're the leader of the opposition,
it's not a sort of backbench or a small party
to suggest racism, I think should have a pretty high benchmark.
And people may question whether it's really appropriate here.

Speaker 3 (01:02:13):
Yeah, what about over in the United States? Jack, and
you used to obviously report from there the sort of
sensationalism and the fawning over this alleged murderer the Manhattan
shooter in New York. People are leaving bad going as
far as leaving bad reviews on the McDonald's that dabbed
him in.

Speaker 23 (01:02:32):
Yeah, I mean, from what we've seen of this guy
and seeing him at his court appearance today, he's obviously
pretty disturbed, and I hadn't realized until today that he
hadn't been in contact with any of his friends or
family for months before this alleged for the time being,
although the evidence does seem pretty strong murder. But yeah,
I mean, healthcare is insanely expensive in the US, and

(01:02:55):
I don't think it's any great surprise that, you know,
the combination of of a brazen assassination of a much
disliked healthcare boss by a relatively photogenic individual who was
then on the run for a few days has kind
of captured the imagination of the world.

Speaker 6 (01:03:17):
I still think it's kind of.

Speaker 23 (01:03:19):
Sad how quickly people forget that there's a human being
at the middle of this. I mean, imagine being this guy's,
you know, the victim's family right now. God, it would
be an awful experience. That being said, I think two
things can be true at the same time. I think
you can say that the US healthcare system is broken,
that people are treated terribly by many of these insurance companies,
but also that murder is not okay.

Speaker 3 (01:03:41):
A very basic point I think we can all agree on, Jordan.
It is interesting, isn't it, though, Like culturally, how these
things can take off in a way that I don't
think that they would hear.

Speaker 22 (01:03:52):
Yeah, you could, if it's being cynical, you could say
that the glorification of violence, including a quite now quite
mainstream protest movements, that you could argue that this is
the natural consequence of that. I was in the US
only a few weeks ago, and I was pleasantly surprised
with the extent of polarization, at least in New York,

(01:04:16):
was a step down from what I remember when Trump
won against Hillary. An example, at an underground comedy club
that they were making they were mocking not just Sleepy
Joe and Trump, but also Kamala Harris only two weeks
after the vote. Now, I can't imagine that happening two
weeks after Hillary lost to Trump. In that sort of

(01:04:36):
suggested to me, among other observations, that actually, perhaps the
US sunt get out the other side. On the other hand,
the sort of symbolic use of violent symbols that are
used in protest movements, not just in the US, but
here really concerns me that inevitably, when there is an
act of violence and we're all shocked that you have

(01:04:57):
a small minority celebrating it, that's quite scared and not
normal in the Western world, at least in my lifetime.

Speaker 3 (01:05:04):
No, but certainly something that's becoming more common. Jordan, thank
you for that. Jordan Williams Tax, Paisy and Jack Tame,
host of Saturday Mornings on ZB and Q and A
Banks and how they fund our rural sectors up after
six it is six to two.

Speaker 1 (01:05:16):
Now red or Blue, Trump or Harris? Who will win
the battleground states? The latest on the US election. It's
Heather Duplicy allan Drive with One New Zealand Let's get connected.

Speaker 2 (01:05:28):
Use talk ZB.

Speaker 3 (01:05:31):
Loads of feedback to how to cook a turkey I
mentioned earlier in the program. I wasn't well. I'd done
it once and it was very dry. Ryan. We're doing
a ham This is from Dave. We're doing a ham leg.
We're doing a leg of lamb. We're doing a turkey.
We're doing it all in the barbecue. When the kids
and the grandkids arrived for Christmas. That sounds like a
good one day. Ryan cooked the turkey in a roasting

(01:05:51):
bag inside a covered roasting dish. Perfect every time. American
expat here says another spatchcock your turkey.

Speaker 2 (01:06:02):
Day.

Speaker 3 (01:06:05):
Spatchcock is a bit like the switch from Auckland Airport.
I think a knowledge gap for me. We'll put it
in the.

Speaker 2 (01:06:11):
Other beautiful, says it.

Speaker 1 (01:06:13):
Oh keeping track of where the money is flowing. The
Business Hour with Ryan Bridge and my Hr on News
Talks MB.

Speaker 3 (01:06:25):
Good evening, seven after six. Great to have your company tonight.
Brad Olsen with us just after the news at six thirty.
Some green shoots in the first week of December. This
is our spending data that's come out today. We'll look
at that shortly. Right now, rural petrol stations have been
told by b and Z their bank it'll stop funding
them by twenty thirty because of its commitment to the
Net Zero Banking Alliance. Documents provided to Federated Farmers show

(01:06:49):
BNZ has a policy that there is to be no
new lending to petrol stations and all existing debt needs
to be paid back by twenty thirty. However, bn z's
CEO Dan Huggins told a Select committee at Parliament today
the move is because we won't need the petrol stations
in twenty thirty.

Speaker 24 (01:07:07):
We would expect that we're going to see conversion to
electric vehicles demand change for fuel services. So therefore we've said, look,
we think we've got enough exposure in that space and
don't want to increase that exposure.

Speaker 3 (01:07:20):
We're joined now by an owner of multiple rural petrol
stations who wants to remain anonymous because he's concerned about
his relationship with bn Z, which is fair enough. Get
a welcome to the show.

Speaker 18 (01:07:32):
Oh hi, how are you?

Speaker 3 (01:07:33):
I'm good, Thank you, thank you for talking to me.
What did ben Z tell you?

Speaker 18 (01:07:39):
Well, are any new purchases of the petrol station. We
will not have any lending available to us and we
will not be able to and we have to pay
all our debts by twenty thirty. This is exactly what
we've been told by BNZ. We have approached them multiple
times for various reasons to expand, but every time we

(01:08:06):
have come across this this.

Speaker 3 (01:08:09):
Hurdle and I have seen specifically it's because of well,
climate change essentially.

Speaker 18 (01:08:15):
Correct, and you know we've been told it is because
of the net Banking zero alliance which be in there
have signed or multiple banks have signed, and because of
that we cannot get any more landing. And it's it's
a top down policy and hence the reason are our
local individual who we deal with could not help us out.

Speaker 3 (01:08:40):
Are you in a position financially to pay back you're
borrowing by twenty thirty?

Speaker 18 (01:08:46):
Absolutely not. With the current cash flow of the businesses.
It's it's near impossible to make those staments. And that's
our worry that how we are able to make that
payment which run in million millions, and we're not in
a position to pay that at all.

Speaker 3 (01:09:06):
What happens if you can't, well.

Speaker 18 (01:09:10):
We have to close down. And with closing down, then
those dozens of jobs.

Speaker 3 (01:09:18):
Actually, what about other banks? Have you tried any others
who perhaps aren't doing the same deal here as being.

Speaker 18 (01:09:25):
Z Well, we've been trying to work with a bank. Uh,
but we have heard through various our colleagues who are
the follow dealers. Uh, there are some restrictions coming through.
Some are taking more prominent approach in climate related activities.

(01:09:46):
So we are finding that. But changing a bank who
suddenly because of this policy is really difficult. When you
are operating multiple sites. It's proving more difficult than anything else.
But the worry is that we can We can change
the bank, but if the other bank also changes, that

(01:10:09):
will be another blow to us.

Speaker 3 (01:10:11):
The thing that I don't understand here is if anyone
was going to be converting to EVS in the near future,
it wouldn't be a rural area like this would be
the last last place surely that you would be worried about.

Speaker 18 (01:10:24):
Well, that's what I could not understand that. Hey, farmers
and other rural communities, they have got farm equipments where
they need to operate their farms and do all sorts
of and around their business. And if there are no
lending available to these petrol stations, there is very limited options.
They have to expand or maybe they close down. And

(01:10:49):
where is that petrol or diesel will come from? Are
we thinking about farmer traveling fifty kilometers to amain Provencal
town to get their petrol? I don't think so. And
that's going to push costs up as well as the
the you know, job losses.

Speaker 3 (01:11:11):
Well, good luck, I hope that you have you managed
to find some kind of solution here because I mean,
as you say, you can't afford to pay it back
by twenty thirty, you can't. They're not allowing you to
go and buy another petrol station to borrow off, so
you'll you're limited. Your options seem to be limited that
I wish you the best to luck. Thank you so much.

Speaker 18 (01:11:29):
Yes there are limited options, but look we are still
working and this is our night where at the moment,
being in a petrol industry, I'm sure you know something
will will change or come about and we sail through
this difficult time.

Speaker 3 (01:11:45):
Thank you very much for your time. That is the
owner of multiple riural petrol stations who wants to remain
anonymous because he's got a relationship with Bend but you
can understand and he wants to try and protect that
as much as he can. It has just gone twelve
minutes after six, Bryan Bridge interestingly staying with the banks
and lots of your texts coming and we'll get to
that shortly and just put that to one side for

(01:12:05):
a second. But the banks appearing Benz Repairing before the
Select Committee at Parliament today and this was the CEO,
Dan Huggins and the chair was there as well, they said, look, yes,
we make a one and a half billion dollars in
profit in the year to September. One and a half
billion dollars sounds like a big number, and everybody goes, oh,
the banks. We hate the banks. They're making so much money,

(01:12:25):
and they do make a lot of money, but they
are big organizations and they just make the point that
the risk of a bank failing should outweigh any concerns
we have about their profit. And I know you might say, well,
they would say that, wouldn't they have a listened to this.
On the face of it, their profits have increased threefold
since about two thousand and three, right since about the

(01:12:47):
year two thousand, their profits are up threefold, but they're
lending is up three and a half times. So they're
lending three and a half times more than they did,
you know, twenty odd years ago. So the profit that
they're making only growing in line with their business, i
in line with their lending. Is that a bad thing. Plus,
when you look at how much capital they have to

(01:13:10):
support that lending that's up five times, their return on
capital has actually gone down over that period. So I
mean hate them over the the rural petrol station issue
for sure, But does that not sort of painter case
as to why the banks need to be profitable, why

(01:13:31):
they aren't as profitable as some make out, even though
the headline figure might be massive. I think so. Fourteen
after sex News Talks.

Speaker 1 (01:13:38):
VB analysis from the experts, bringing you everything you need
to know on the US election, It's the Business Hour
with Heather Duplicyllen and EHR. Solution for busy SMEs used TALKSB.

Speaker 3 (01:13:55):
Sexual harassment is illegal, and yet studies have found that
as many as one in three key we workers experience
sexual harassment in the workplace every year. Employers have clear
legal responsibilities and ensuring the safety of their people and
enforcing the right of employees not to be sexually harassed
at work. Harassment and bullying are serious issues, and every
organization needs to have strong systems in place to minimize risks,

(01:14:18):
provide education and support, and deal with any issues to
ensure that your people are protected. MYHR has created a
detailed guide on understanding and preventing sexual harassment at work.
It covers employers' legal obligations and provides best practice advice
on how to access and minimize risks and handle complaints
to access our practical guide going to myhr dot works,

(01:14:40):
forward slash resources and if you need more targeted advice
or expert help, please don't hesitate to get in touch
with myhr.

Speaker 2 (01:14:48):
Cry and fresh.

Speaker 3 (01:14:50):
It has just gone now eighteen minutes after six News
Talk said be petrol stations aren't the only ones trying
not to lose their access to banking. As we talked
about yesterday, Gloria Vale has lost the battle against ben
z as well. Jane Tips Trainee is with me. She
is The Herald's Wellington Business editor. Janey Good evening. Hey Ryan,
good to have you on the show. And tell me

(01:15:12):
about the You've been speaking to Gloria Vale's lawyer. Are
they going to take this further? Are they going to
take further action about the decision from the Benzett.

Speaker 14 (01:15:20):
Look, I've actually been talking to the chief executive of
the trust behind Gloria Vale, that's the Christian Church Community Trust,
a man called Phil Jamison. He's not actually in Gloria Vale,
but he is helping manage Gloriavale's affairs.

Speaker 6 (01:15:35):
Now.

Speaker 14 (01:15:36):
Phil said to me, and I quote, it will not
be the end of the community. He is fairly adamant
that Gloria Vale will be able to find an alternative
once Benz closes its accounts in three months time. That
seems to be the current plan. So Phil wouldn't give
away too much. He said these are commercial decisions that

(01:15:58):
were commercially sense of information. But he said Gloria Vale
was actively pursuing a range of options. I asked him, well,
could Gloria Vale get an overseas bank to deal with it?
And he said that was highly unlikely. You know, the
thing here is that you would imagine that Gloriavale does
need a bank. Its net assets are worth at least

(01:16:20):
forty seven million dollars. That's a lot of money, and
you know, it needs somewhere to put its money, and
it needs to be able to transact to you know,
keep its various commercial farming entities going, keep you know
that the people fed and the kids are educated, and
laundry going and all that type of thing.

Speaker 3 (01:16:39):
Yeah, so what, Yeah, it's an interesting one. Hopefully they
have managed to find some kind of solution for them.
But generally speaking, the issue of d banking seems to
creep up more and more at the moment. Should we
feel uncomfortable about that.

Speaker 14 (01:16:55):
Yeah, I think we've actually had a couple of weeks
of lots of d banking news with the petrol starfs
and this. I think it's actually been something that's been
happening for some time and it's been well marked. So
if we go back to the petrol stations issue, I
know that, you know, central bankers have for the past
decade been worried about stranded assets. That's you know, investors

(01:17:16):
pulling out of sunset industries due to climate concerns, you know,
and and banks also pulling out. That's what we're starting
to see that has been well signaled. In Gloriavale's case,
I think it's quite different, you know, because Gloria Vale
has been found guilty of, you know, using children to
do work, and there are also charges related to sexual harassment.

(01:17:39):
So Glorivale is quite different to the petrol stations. A
few years ago, there was a lot of riff raff
because money remitters we're being debanked because banks were worried
about money laundering concerns. You know, if you're a money remitter,
it's hard for the bank to know exactly where the
money is coming from and who it's going to. So
I actually think it's an issue that's been happening for

(01:18:00):
some time. It's just happens to have been in the
news quite a bit in recent weeks.

Speaker 3 (01:18:06):
Yeah, interesting that, Jenay, Thank you very much. Jane Tips Training,
the New Zealand Herald, Wellington Business editor on dbanking twenty
one minutes after six. Coming up next, we'll take a
look at stock market with.

Speaker 1 (01:18:16):
Milford everything from SME's the big corporates, The Business Hour
with Ryan Bridge and my HR the HR solution for
busy SME Son News Talk ZB.

Speaker 3 (01:18:27):
It's twenty four after six. We're looking back and the
year that was on the stock market, the Index fifty
with the winners and losers joining us. Jeremy Hutton from
Milford Asset Management. Jeremy, good evening, Good evening, Ryan who
is currently leading the INDEDEXTS fifty so far this year?
Who are we crowning number one?

Speaker 2 (01:18:45):
Yeah?

Speaker 3 (01:18:45):
So far.

Speaker 25 (01:18:45):
The current leader on the indiet X fifty with about
two trading weeks to go in twenty twenty four is
Tower Insurance.

Speaker 6 (01:18:52):
Now.

Speaker 25 (01:18:52):
Tower is up a whopping one hundred and fifteen percent
this year, albeit it is coming off a bit of
a low base with a horrid twenty twenty three with
some some of the bad weather events which really hit
all the insurers hard. But Tower has regained a lot
of momentum, you know, some more benign conditions in twenty
twenty four and has had some good operational improvements as well.

(01:19:13):
So that has led to a series of earnings upgrades
throughout the year and it's regained inclusion back in the
very important inxet X fifty index. So that's been driving
the really strong share price performance from Tower.

Speaker 3 (01:19:25):
And Genrack was the tech business we crowned last year
in twenty twenty three. How did they perform this year?

Speaker 25 (01:19:31):
Yeah, another very strong year for gen Track. It's up
one hundred and one percent in twenty twenty four, and
this follows a very strong and impressive one hundred and
sixty percent in twenty twenty three as well. So gen
Track provides software to electricity retailers and it's had some
really good tailwinds of these retailers wanting to shift from older,

(01:19:52):
clunkier systems onto gen tracks more fit for purpose software.
It's been winning customers all around the world many geographies,
growing revenue strongly and also in a big earnings upgrade cycle.
And with the electrification of everything in our economy, it
needs more smarts and more software to help deliver this.
So those tailwinds could continue. And it is great to

(01:20:14):
see a New Zealand tech business growing and doing really
well on the global stage.

Speaker 3 (01:20:18):
It really is. It's a great story, Jeremy, Let's talk
about the losers. They're not great stories. Which companies have
struggled this year.

Speaker 25 (01:20:25):
Yeah, as we know, the domestic economy has been really
challenged with higher regeous rates and consumer pockets getting squeezed,
and this has been reflected in the share prices of
companies that are exposed to sectors in this So with
that backdrop, we've had retail that's been hit really hard.
So Catman dou that's down forty eight percent this year,
the Webhouse down thirty seven percent as well, and their

(01:20:48):
construction has been really tough, so that's affected Fletcher Building
that's down thirty eight percent, and then residential housing also
been pretty slow. Royman Healthcare has some exposure to that,
so that's down twenty seven percent. But then even Spark,
which is traditionally a very defensive business that's been hit
very hard. With businesses and governments reducing their IT and
mobile spend, and that stock is down forty six percent

(01:21:11):
so far this year.

Speaker 3 (01:21:12):
Overall, the House the Injects fifty performed this year as
a whole.

Speaker 25 (01:21:16):
As a collective, yeah, I'd say it's been a pass
for the nzet X fifty. It's up eight percent so
far this year, and given some of the constraints and
the pressure on the local economy, it's actually not too
bad of a result. Unfortunately, it is behind the very
powerful US indexes, some of which are up over twenty
five percent, mainly on that Magnificent seven and AI boom.

(01:21:38):
But I think the setup for New Zealand is improving
into twenty twenty five. You know, we've had some decent
interest rate cuts delivered already and likely some more to come,
so we should start to see some of these beaten
up cyclical sectors turn much more positive in twenty twenty five.

Speaker 3 (01:21:53):
It's hope, so Jeremy, we need it very much. Jeremy
Hutton from Ilford Asset Management, Speaking of next year, we're
going to take a look at some speed from this
year with Brad Olsen next from inf Metrics. Gives us
a glimpse at how we might fare consumer wise in
twenty twenty five.

Speaker 2 (01:22:13):
If it's to do with money, it matters to you.

Speaker 1 (01:22:16):
The Business Hour with Ryan Bridge and my HR the
HR solution for busy Smmy's on News Talks, it be.

Speaker 2 (01:22:24):
Drama for christ Clins.

Speaker 3 (01:22:29):
I can't wait to see those twenty five away from
seven on News Talks, there'd be some really interesting numbers
come out from flight Center on where we're booking holidays to.
We'll get to that in just a second right now.
Cards spending data from November suggests Kiwis are holding their
cards close to their chests literally. Kiwibank s is the
value of spending drop two and a half percent in November.
That's down. Am Z says its data shows a drop

(01:22:51):
of one point two percent year on year. Two. Brad Olsen,
the Infometrics principal economist, is with us tonight. Hey Brad,
Good evening November. It was still pretty tough.

Speaker 26 (01:23:02):
Yeah, I mean it's quite clear for a lot of
retailers that of course, although interest rates have started to
come down, not everyone's immediately refixed onto those lower rates,
and so that pressure on household budgets is still pretty clear.
Although a lot of the numbers are showing as still
an annual decline year on year. There are some early
signs in the numbers, both looking at what A and

(01:23:22):
Z's put out, but also some numbers recently from Worldlinne
that suggest that going into that Christmas period though, there's
a little bit of a shift coming through, so down
on a year ago, but perhaps up a little bit
on where we've been the last couple of months. For example,
the worldline data suggests it as we're starting to get
into the Christmas spirit, there has actually been a lift
in spending compared to last year for the first week

(01:23:45):
I think it was for Christmas. A and Z again
suggesting that when you look at some of that spending
month on month, again a very slight lift. It's not huge,
it's not you know, the economy and spending really starting
to get going, but it's a bit of a change.

Speaker 3 (01:24:00):
Maybe we've just left around a little bit later hopefully
this year, that's what it's indicating.

Speaker 26 (01:24:05):
Well, I think as well, you've got a lot of
households that you know, there is a bit more confidence
that has come through the last couple of months. People
can see that light at the end of the tunnel.
They can see better things around the corner. They're still cautious,
you know, people aren't breaking out the champagne bottles yet.
But there's just a little bit of a shift in
terms of people's sentiment, their expectations. Maybe a little bit

(01:24:25):
more that goes into the present budget.

Speaker 3 (01:24:27):
Not a lot.

Speaker 26 (01:24:28):
You're not sort of, you know, doubling up who you're
buying for and giving everyone three presents this year, but
maybe a little bit of a shift in the budget.

Speaker 3 (01:24:35):
What about the job numbers we got out today, had
they look brad job.

Speaker 26 (01:24:39):
Numbers and the wider labor markets still quite challenging. To
be fair, the start is only up until September, and
we've seen again that sort of continued drop, as we've
been seeing from a number of other indicators coming through
stats n Z reporting that for the September twenty twenty
four quarter, six thousand, seven hundred odd fewer jobs than
in June once you take into account season, the biggest

(01:25:01):
drops occurring in the likes of construction, accommodation and food
services and our admin role.

Speaker 3 (01:25:07):
So still quite.

Speaker 26 (01:25:08):
Tough out there, and in particular you're seeing some sort
of big drops in different parts of the country. Auckland
down nearly seven thousand roles are compared to where we
were midyear, so all of that is dropping away. Interestingly,
although we normally in economic downturns see that the likes
of women often suffer greater levels of unemployment. Actually, this

(01:25:28):
time with a much higher construction drop off, that's been
affecting more males and seeing that group dropping out of
work a bit more so. Overall, labor market's still tough,
but maybe some early changes coming through in the spending,
likely not immediately, but likely into twenty twenty five to
support a bit of a shift around in jobs. But
we know the jobs market always takes a bit longer

(01:25:51):
to shift.

Speaker 3 (01:25:52):
Yeah, and we've still got I mean that the unemployment
numbers for next year aren't looking to rosie, are they?

Speaker 6 (01:25:57):
For us?

Speaker 3 (01:25:57):
Here? Heading it? I think topping at five and a
half percent by the middle of next year, right, Well,
and that's the thing.

Speaker 26 (01:26:03):
I mean that the four car sort of range from
about two point five, sorry, five point two through to
five point five. You're right, But regardless, that's still a
lot of people who are obviously finding it more difficult.
We've also seen this year more people dropping out of
the jobs market sort of entirely. They're not even becoming unemployed.
They're becoming so disenfranchised they're not even looking for jobs

(01:26:23):
at the moment. They're not keen to get them because
they can sort of see how difficult it is out
their job adds. You know, new positions being advertised now
down at like twenty thirteen levels and many more people applying,
so a lot of competition out there, and of course that's.

Speaker 3 (01:26:38):
Incredibly difficult, certainly is Brad. Thank you very much for that.
Great to have you on the show. Brad Olson, Infametrics
principal economists, twenty one away from seven m Bridge cost
of living crisis. Not here, people, not if you were
booking with flight Center. So they had one hundred thousand
bookings this year. They've released their annual numbers for US
one hundred thousand bookings this year, which is about the
same number of bookings as they we had in twenty

(01:27:00):
twenty three, despite the fact that we're all feeling pretty
crunched this time. This time round twenty six percent. The
big trend they saw was solo travelers. Twenty six percent
of people booking solo trips. That's more than people booking
family trips. Or people booking trips as a couple. Now
I wonder whether, and this is just off the top

(01:27:21):
of my head, but I wonder whether that's because people
are traveling like you might be in a relationship, or
you might have a family, but you're traveling on your
own because it's cheaper. You know, you're going to an event,
or you're going to see some friends or catch up
with friends who live somewhere else. The Destination's top ten
international destinations by flights Books for twenty twenty four aren't
as follows number one Brisbane. So we're not going far,

(01:27:44):
are we? But you know that's what it is Sidney
Melbourne when we're really not going fast. Sydney Melbourne, London, Fiji, Manila,
the Gold Coast, ra Ra, Tongas, Singapore and Bali. The
trend for next year, they reckon, will be people going
to events for their holidays like a concert or a
formula one, et cetera. Interesting stats here, The longest cruise

(01:28:08):
booking that they did was one hundred and eighteen nights.
Can you imagine one hundred and eighteen nights on a ship?
I'd rather be in prison. A seven hundred and fifty
one one thousand dollars is how much Their most expensive
cruise booking was four Now it was the twelve people,
but seven hundred and fifty thousand dollars, So that's about
sixty two thousand per person. That's one hundred and twenty

(01:28:29):
thousand per couple. I looked at the ship. It's the
Coral Princess.

Speaker 2 (01:28:35):
Looks nice.

Speaker 3 (01:28:36):
Would you say three quarters of a million dollars nice?
I wouldn't personally, but you know, to each their own.
The most expensive hotel booking was a seven nights day
for four people at the Intercontinental Borer bore A resort.
The price fifty nine thousand bucks.

Speaker 1 (01:28:53):
Crunching the numbers and getting the results, it's Ryan Bridge
with the Business Hour thanks to my e. The HR
solution for busy is illis on news talks.

Speaker 3 (01:29:04):
It be sixteen to seven on news Talks. It'd be
great to have you company this evening. Devin Gray is
our UK correspondent, Gavin Good Evening, Welcome to the show.
Hi there, great to have you one. Tell me about
this concern from the British government. This is about a
bunch of British jihadis who could be freed from Syrian
prisons and potentially return home.

Speaker 27 (01:29:26):
Yeah, that's what they're looking at here Ryan. So at
the moment the group is holding roughly ten thousand fighters
in twenty six detention facilities across Syria. Also almost forty
six thousand people linked to Islamic State, most of them
women and children, at a couple of camps held by

(01:29:48):
the Kurdish led militia alliance supported by the United States
called the Syrian Democratic Forces. So at the moment, the
new operators out of the capital Syria, Damascus, they are
not in charge of this area in northeastern Syria, but
it's potentially possible that they may want to become. And

(01:30:08):
then the question is what would happen to all those
people in detention. There are said to be dozens of
British jihavies, so people who have left the UK went
to fight for Islamic State group and were then captured.
There are potentially dozens of those in these camps in
northeastern Syria. And the theories, of course, as the security
situation changes so much in Syria that they may simply

(01:30:30):
be allowed out, and then will they try to get
back to the UK or do the UK harm And
of course We're not only here, there are fighters from
other countries as well, so that's a major question. And
as well, as we've been reporting now there's been a
pause to granting asylum for Syrian asylum seekers. Those from
Syria represent the third largest group of people crossing the

(01:30:51):
Channel on small boats, coming into the UK legally and
then trying to claim asylum. So it is going to
be something that the government here watching very very c
mostly for security reasons, but also you know, so much
is moving so quickly in Syria.

Speaker 3 (01:31:05):
Interesting because I know that Austria and Germany are doing
the same with the paws on the asylum seekers, so
the UK is doing that as well. Interesting that Chancellor
Rachel Rais is making government departments save how much percent
of what percent of their budgets?

Speaker 27 (01:31:19):
Five yeah, five percent, which many are saying is not enough,
and the departments are all saying, oh, I don't know
how we're going to manage.

Speaker 6 (01:31:27):
This, Ryan.

Speaker 27 (01:31:28):
It's not the first time a government to say we're
getting tough with expenditure and we need to crack down.
Will it work well, I suppose time will tell. But
it came on a day that it was also revealed
that one Department had bought two folders for wait for it,
two and a half thousand New Zealand dollars. They were

(01:31:48):
six hundred pounds each. They are luxury leather goods manufactured
and they are extremely valuable.

Speaker 6 (01:31:57):
But do we really.

Speaker 27 (01:31:58):
Need ministers to walk around with folders that are that
much money each? Ironically, there are leather bound document holders
available in the House of Common shop for just sixty
five New Zealand dollars. So just as the day the
government's announcing this crackdown on waste, then we get news
that they're spending this amount of money on these things.
The firm that makes them is, of course a luxury firm.

(01:32:20):
It's very well respected. It also makes those famous ministeri
or red boxes for the for ministers, and also supplies
the royal family. But at a time when the government
is trying to cut expenditure, it does seem bizarre.

Speaker 3 (01:32:35):
Do we know what was going to go in the folders?

Speaker 27 (01:32:38):
Probably just a few bits of paper. I mean they
are they're not very chunky, they're quite you know, they're
not meant to take large quantities of paper.

Speaker 3 (01:32:45):
It's outrageous. Scientists are hoping they can learn how to
fix loose dinches with the help of an octopus. Gevin.

Speaker 6 (01:32:54):
Yes, so if you have.

Speaker 27 (01:32:56):
Dentures then you will know one of the big problems
is actually getting them to stay in the same place.
Believe it or not, I read a figure that really
shocked me. About one in five adults in the UK
have either a denture or partial dentures where they're missing teeth.

Speaker 6 (01:33:12):
So this is quite a big thing.

Speaker 27 (01:33:14):
And of course the problem with the dentires is they
did stay in the same place. Because the mouth is moist,
it's moving around, it's difficult to adhere. So a scientist
from King's College, London started to look for natural solutions.
First of all, he got some peach skin stuck to
the upper part of his palate and he thought, h
now what makes that stick despite my moist mouth. The

(01:33:36):
answer was small hairs, which you can't really do with
a denture. He then looked at geckos. Geckos, how do
they stick to glass on their feet? Well, they use
electrostatic forces, so that wasn't a winner. And then he
came upon octopus. Of course, how do OCTOPI I think
the plural is how do octopy suckers work? In strong
tides underwater, and the answer is they have this sort

(01:33:59):
of vessel, a central vessel in their body, and as
they press down on a rock, so a little bit
of that central vessel decreases, and that means you get
capillary action, which means capillary forces, which means things stick
to it. So he's now looking at the prospect potentially
a small sort of air filled domes that compress when

(01:34:23):
you press them on the gums. It doesn't sound terribly
high tech, but he's convinced this is going to work,
and already lots of money going in his direction to
see if it will work, to try and sort this
problem out once and for.

Speaker 3 (01:34:34):
All goodness me. It's an unusual place to find inspiration,
but I suppose if it works, it works, and the
proof will be in the putting, won't it. The last
thing you would want would be like teeth that are
like an octopus coming out of your mouth. That's it's
like a picture when you were talking, Kevin. Thank you
very much, Kevin Gray a UK. It's just gone ten

(01:34:54):
minutes away from seven on news talks. You'd be interesting
to hear that the UK is taking the same approach
there Austria and Germany are when it comes to Syrian
asylum seekers, Austria going the furthest on that and saying, actually,
not only we pausing your applications for asylum, but we're
potentially going to be sending you back to Syria now
that Asad's regime has fallen. Just Gon ten to seven

(01:35:17):
News talks edb.

Speaker 1 (01:35:19):
Getting ready for a new administration in the US, what
will be the impact. It's The Business Hour with Heather Duplicy,
Allen and Myhr. The HR solution for busy SMEs News talks.

Speaker 3 (01:35:30):
EDB D Banking has been a big theme on the show.
In the last couple of days. We had Gloria of
Al the news that B and ZED was going to
be pulling out on them. Yesterday today we heard from
Federated Farmers. What we heard from a rural petrol station
owner that B and Z has said, because of our
climate commitments. This is what they told the owner that

(01:35:51):
we spoke to your petrol station owner, because of our
climate commitments, we don't think it's a good idea to
be investing in fossil fuel businesses like yours. We would
like you to repay your debts by twenty thirty please,
and we won't give you any more funding, any more
lending going forward. Now, how the hell are you if
you're a business owner and good faith negotiated with bn

(01:36:13):
Z and you get a letter like that. I mean,
I can only imagine how that must feel. And it's
not good. So they were in a select committee today,
lots of feedback on this. Ryan. I'm sorry, but I
call bs on that from the bn Z. It's a
very long power cord from the back of the farm
because they're trying to say that, you know, EV's coming
in might displace some of their business, but in a

(01:36:33):
rural area. Really, is that the kind of place you'd
be worried about? This one's interesting, Ryan, I on a
civil construction company turning twenty million a year. They told
us we had to pay back our loan and move
banks as our industry is too risky. Our financial guy
has said they're doing this across the board. That's obviously
not quite related to climate change potentially, but more just

(01:36:54):
the economy more generally, Ryan, Why has Benz'd become so woke?
Why can't they let legitimate businesses just do business? They
recently declined a perfectly legit adult goods store company as well.
That is true. That is true, that was selling sex
toys and told it was not quite in vogue with
Benz's rules. So do you go. The thing is about

(01:37:15):
a bank is they're not encumbered to lend to everybody
for everything. I mean they're a private business too, trying
to make money, aren't they. So yeah, anyway, what are
we going out with today?

Speaker 19 (01:37:26):
Ant's fill me in by Craig David to play us
out tonight. So Craig David has said in an interview
that he's always really wanted to do a collaboration with Usher,
which when you think about it, you're like, oh, yeah,
of course Craig David and Usha that's a matchman heavy
but they've never actually done it. They had a little
freestyle together on a French radio station, just off the cuff,
like back in the day, like in the early noughties,

(01:37:46):
but since then he's like, yeah, we've never really done anything,
and i'd be keen as So I tell you what,
Usha pick up the phone like that did sell like hotcakes,
wouldn't it.

Speaker 3 (01:37:53):
Craig David and Usher two names I haven't heard in
them very well.

Speaker 19 (01:37:56):
Yeah, but the things they're still both quite well regarded,
and you're right, haven't done anything super prom it for
a bit, so I reckon, yeah, absolutely do a concert
together and sell like hotcakes.

Speaker 3 (01:38:05):
Brilliant. Well leave you with some Usher and some Craig David. Well, no,
which one are we doing?

Speaker 19 (01:38:09):
That's just Craig Dave. That's the problem right.

Speaker 3 (01:38:12):
Thank you very much everyone for listening. It's been great
to spend the afternoon with you. We'll do it all
again tomorrow.

Speaker 28 (01:38:18):
Have a great evening, Pody, watchay some.

Speaker 11 (01:39:06):
Why will you creeping round waves?

Speaker 7 (01:39:09):
Last night?

Speaker 2 (01:39:09):
But then I see two your shadows moving me in
your bedroom?

Speaker 4 (01:39:13):
Now you're trasty.

Speaker 2 (01:39:15):
Back when I left you was joyasting. Can you fail
to answer?

Speaker 3 (01:39:24):
Whereas my bottle half the contest and the time to
cools and turned on?

Speaker 25 (01:39:31):
When you fail me?

Speaker 1 (01:39:50):
For more from hither duplessye Alan Drive listen live to
news Talks it'd be from four pm weekdays, or follow
the podcast on iHeartRadio.

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