Full Show Podcast: 20 October 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
The only drive show you can try the truck to
ask the question, We get the answers, find the fat
sack and give the analysis.

Speaker 2 (00:09):
Heather duplicy Ellen Drive.

Speaker 1 (00:11):
With One New Zealand and the Power of Satellite Mobile
News doorgsav.

Speaker 3 (00:17):
Afternoon, Welcome to the show coming up today. Inflation has
come in today at three percent. Kiwibanks. Jared Kerr on
whether there's any reason to be worried now. Labour's released
its first policy in two years. Chippy on that, and
A and Z has just had the government rug pulled
out from under it. So we're going to speak to
the chief executive after six.

Speaker 2 (00:32):
Thirty here the duplicy Ellen.

Speaker 3 (00:35):
Well, even I didn't expect Prince Andrew to lose the
use of his titles that fast. It was about what
half past five on Friday afternoon that I said that
he would lose them, and about seven the next morning
the news broke that he had. But then I suppose
we can see why it happened so fast, right because
since Saturday, since that happened, it has just been one
revelation after the other involving him. First, the police are

(00:56):
looking into reports that he tried to get his personal
protection officers to dig up dirt on Virginia Gufrey, his accuser.
Then came the news that Fergie and the girls were
among the first to welcome Epstein out of jail, and
she kept trying to borrow money. And now you've got
the creepy detail emerging from Giffrey's book about how Andrew behaved. Now,
that is why the announcement about Andrew's titles came so quickly,

(01:18):
because King Charles needed it to happen before the newspaper
started printing excerpts from the book, so that the stuff
that came out didn't hurt the royals by association. But honestly,
I don't know that King Charles has done enough because
Andrew hasn't actually lost anything, which might be news to you,
because the Palace has done an epic spin job and
trying to make it look like Andrew's given up all
of his titles. He actually hasn't. He is still the

(01:40):
Duke of York. He just has agreed not to use
it in public. And I don't know about year. We
saw how that went with Meghan and Harry, didn't we
They were also promising not to use their HRH titles
and their megs was busted using it in a private
note to someone. So what's happening now is all the
UK newspapers are unsatisfied that calling for complete stripping of
the titles. You've got the MPs coming under pressure to

(02:02):
confront the royal family. Just the sheer volume of coverage
that this is getting at the moment over in the
UK suggests that this could go on for days. That
is not what King Charles wants because in a couple
of days he's got a meeting with the Pope and
he will not want that meeting to be overshadowed by
his playboy brother and all the revelations coming out. I
would say, watch this space. I reckon there's a better

(02:22):
than average chance that Andrew hasn't even got his full
punishment yet.

Speaker 2 (02:26):
Together do for ce Ellen.

Speaker 3 (02:30):
Nine two nine two is the text number standard text
fees apply now. Tungue to a college in South Auckland
is telling students to cover up their uniforms in public.
There has been a spate of brawls between young people
in the Manecou area. One was caught on video involving
about fifteen kids. One student was getting his head kicked
in while he lay on the ground. Tunga or college
principal Chris beIN is with us. Now, hey, Chris are ellen.

(02:52):
This is a sad day, isn't it.

Speaker 4 (02:54):
Well, it's disappointing to be in this position.

Speaker 3 (02:56):
Use Okay, are you doing this because you're worried about
the utation of the school? Are you worried about the
safety of the kids?

Speaker 4 (03:03):
Now? I just like the stress. It's the safety of
the students. Are our students traveling through that area and
I just wanted to be sure that they could move
through from home to school and vice versa in a
safe way.

Speaker 3 (03:16):
Okay, that brawl where the kid was having his head
kicked in did that involve your students?

Speaker 4 (03:22):
Unfortunately it did.

Speaker 3 (03:23):
Yes, it was your student the one lying on the
ground getting kicked or the ones doing the kicking.

Speaker 4 (03:28):
No, our ones that we've been able to identify are
involved in the assault.

Speaker 3 (03:33):
Your students are the ones doing the assault.

Speaker 4 (03:36):
From what we can identify from that footage.

Speaker 3 (03:38):
Yes, okay, So are your students really the ones who
are in danger?

Speaker 4 (03:40):
Hair, it's more so the ones who are in our
uniform and if they travel from like I said, home
to school and vice versa, that there could be repercussions
for them just because they're in our uniform.

Speaker 3 (03:52):
Oh okay, so are you worried that because some of
your students allegedly were the ones kicking the head and
of the kid, other students may now target students from
your school as like a kind of revenge.

Speaker 4 (04:03):
It could be an unfortunate side of all of us
taking places.

Speaker 3 (04:07):
What is going on here? Is there is this? And
is this something that underpins this? Is like an event
that started this?

Speaker 4 (04:14):
Look, I'm not sure. In the South, it's caught me
unaware and I was only highlighted with what took place
last Wednesday and still do not know why this is
taking place.

Speaker 3 (04:23):
Have you spoken to the kids who are involved in
this brawl?

Speaker 4 (04:27):
We have reached out to them and tried to get
information about their participation in what took place. So it's
really at that stage.

Speaker 3 (04:34):
Okay. Well, when you say reached out, are they not
at school at the moment?

Speaker 4 (04:38):
No, No, We've asked them to remain at home where
we take statements and work our way through everything. We
go through our procedures.

Speaker 3 (04:45):
What's the final part? What is a likely punishment here?

Speaker 4 (04:49):
Depending on what we find with what took place? It
will be up to our discipline committee off the board,
and then I'll make a decision from that.

Speaker 3 (04:57):
Okay, are the police involved?

Speaker 4 (05:00):
Are we involved the police? Yes?

Speaker 3 (05:01):
Are the police taking statements?

Speaker 4 (05:04):
I'm sure, but they're being very portive with my correspondence
with them.

Speaker 3 (05:08):
I mean, they would have to know, Chris, that these
kids were kicking a kid in their head. That's assault.

Speaker 4 (05:14):
Like us, They'll be following through on what we know
and what they know and hopefully get the right information.

Speaker 3 (05:18):
Okay, alrighty, I suppose yeah, that's everything. I mean, what
else can you say, Chris, what a terrible situation. I
look after yourself and thank you. There's Chris beIN tongue
at or A college principle was see what I have
to cover up their uniforms. Okay, So on Prince Andrew's situation.
So what's going on at the moment is MPs are
being urged to confront the royal family at the moment.

(05:40):
There's pressure coming on INPs to confront the royal family
over what is going on here with Prince Andrew. Because
what's going on is not only is stuff coming out
of the book at the moment, but there's also stuff
coming over from Congress that's being released at the same
time anyway, so the MP's are being urged to actually
use the parliamentary law that is available to them to
strip him of the time of Duke of York. The

(06:01):
police in the UK are now also looking into these
claims that he asked his personal protection officers to dig
up dirt for a smear campaign on Jeffrey Virginia Giufrey.
He reportedly gave Jiufrey's date of birth and social Security
number to the Copper and asked for some dirt. How
the question has got to be, like, where did he
get this from in the first place? How did he
have her information? Now this stuff is coming from files

(06:24):
apparently that's been held by US Congress. Also apparently Congress
is preparing to release more Epstein files, and in those
Epstein files there will be more dirt on Prince Andrew
as well. And then you've got the Fergie stuff, which
I'm going to run you through in a minute thirteen
past four.

Speaker 1 (06:42):
It's the Heather Duper see Allen Drive Full Show podcast.

Speaker 2 (06:45):
On iHeartRadio powered by News Talk ZBI.

Speaker 3 (06:49):
Here the huge kudos to that principle taking ownership, fronting
up and dodging nothing. Good man, good leader. Actually I
have to give him credit for that, because this is
not a fun thing to have to deal with kids
doing this kind of stuff. Sixteen past five.

Speaker 1 (07:00):
Good sport with tab in play bet with real time
odds and stats are eighteen bet responsibly.

Speaker 3 (07:06):
Jason Pine Sports store coasters. Did they say Piney, Hello Heather?
How was it at go media yesterday?

Speaker 5 (07:11):
Oh?

Speaker 3 (07:11):
So good?

Speaker 6 (07:12):
Like Apia, It was incredible, right, yeah, oh, unbelievable. I
think probably more some Moon fans there than New Zealand fans,
but all of the fans there yesterday for this doubleheader,
the Kiwi men and women against the Sarmon and men
and women. They all made a heck of a lot
of noise too. Great games of rugby league, the New
Zealand women coming from twenty nil down to win twenty

(07:33):
to twenty, and then the New Zealand men getting their
twenty four to eighteen, although I thought, actually some probably
should have won that game, So two competitive matches a
great occasion. Just shows how important it is for rugby
league players to wear their national colors, even at the
end of a long NRL season. It was great to
see them all fronting up there.

Speaker 3 (07:51):
Yesterday, Why did you think some wore should have won?

Speaker 6 (07:54):
They dropped the ball a couple of times with a
tri line open, they had some chances to win that game.
Hither they could easily have won that game, and in
fact I heard Stacy Jones say the keywis coach afterwards, Look,
we need to work on our defense because we won't
be so lucky next time. So yeah, they missed the chance.
Some more, I think to beat New Zealand for the
first time.

Speaker 3 (08:10):
Should that be a bit of a bit of a
scare for our squad?

Speaker 6 (08:15):
I think it's just a reflection of where we are now.
You know, there aren't minnows anymore, and days gone by
some all kind of cobbled together. Aside, let's not forget
you know, Roger t we've asked a check was wearing
the fullback jersey for some more or so he's a
pretty handy player and he's not the only one.

Speaker 3 (08:30):
Yeah, fair point. Now, have we got the two best
teams in the final for the NPC?

Speaker 5 (08:33):
Yep? I think so.

Speaker 6 (08:34):
Canterbury to host Otago Saturday afternoon in christ Church. I
think Canterbury the best defensive team. Otago the best attacking team,
and I think the five past four kickoff in christ
Church on Saturday probably suits Otarge more than Canterbury. I
think if you if you want to nullify an attacking team,
you probably play a game at nights when it's a
bit dewy, a bit colder, that sort of thing. Otago

(08:55):
have been really good on attack. Plus they went to
christ Church and took the ran Furley Shield off Canterbury
about a month ago, so there won't have any fears
going up there. Canterbury on the other hand, will be
stinging from that and will want to make a point
at the end of their season. So yeah, two good teams,
hopefully an excellent final in christ Church on Saturday.

Speaker 3 (09:11):
Why is the kickoff so early?

Speaker 6 (09:13):
I've been trying to find that out, and Canterbury wanted
it at that time against what I just said. You know,
they wanted the afternoon kickoff because they think it encourages
more fans to come along, more families, which is a
good point. But I would have thought Sky Sport would
have said no at seven o'clock that's when our viewership
is at its highest, but no, five past four and
the only reason I yeah, that's Jenny Res I can

(09:35):
find Piney.

Speaker 3 (09:35):
It's particularly interesting, isn't it, because they refuse to move
the time for last for this past weekend when actually
there was a clash of the cricket and I would
have done them the world of good. I would have
thought it to me, Yes.

Speaker 6 (09:46):
Yeah, sky you mean or yes no, you're right because
the Canterbury rugby team wanted the afternoon kickoff for their
for their their early game as well the semi final
as well. Yeah, and they wouldn't budge on that, So
you're right. Very interesting they've done at this time when
there's nothing.

Speaker 3 (10:00):
That it clashes with.

Speaker 6 (10:01):
If they handled at seven, it doesn't glass with anything
apart from maybe the Coronation Street omnibus or something like that.

Speaker 7 (10:05):
I don't know.

Speaker 3 (10:06):
Okay, well listen maybe finally thank you as as Jason
Pine and Sports Talk cost will be back at seven
o'clock this evening here on newstig Z. There'db CPI. I
guess we've been waiting for the CPI. This is the
inflation numbers to come in. Came in today, just over
three percent. It was actually three point zero four, so
you round that one down to three percent. It is
pretty much what a lot of people thought it would be.

(10:27):
At three percent, it's what's it's slightly less than what
other people thought it was going to be. I mean,
there's some expectations could hit three point one percent, so
just outside the band unfortunately. Well, I'm going to give
you the bad news and the good news. The bad
news is that it's because of the stuff that you
can't avoid, right. It's because electricity prices went up eleven
point three percent over the last year. That just rips

(10:48):
your nice he doesn't it, and rates bills up on
average eight point eight percent, So you know, we're all
basically doesn't matter what we do. If your owner house
or you got the lights on, you're paying for this stuff. However,
the good news is that we don't have to worry
about it too much because this is the quarter in
which we thought that it would peak. Inflation was going
to go up in this quarter and then thereafter it

(11:09):
would come back. And so basically that seems to be
fingers cross the worst of it. You can never predict
what happens, Donald Trump, but this should be the worst
of it. And what we're looking looking at now is
it dropping back closer to two percent next year. We're
going to have Jared Kerr, the Kei Wei Bank chief
economists with us on that after five o'clock for twenty.

Speaker 2 (11:28):
One hard questions.

Speaker 1 (11:30):
Strong opinion here the duplicy Ellen drive with one New
Zealand and the power of satellite mobile news dogs.

Speaker 3 (11:36):
They'd behither the tongue it or a principle should take
over as the chair of the board for Netball New Zealand.
I loved his honesty. Honestly, Hither it's quite obvious why
Sky wouldn't budge because they currently don't have the rights
for the cricket, so they didn't want to give TVNZ
a free win with the ratings by moving the rugby neck.
You're probably it's probably actually fair. It's probably exactly what's
going on for twenty four Now, the government's announced that

(11:58):
they've got the one point two billion dollar worth of
roading projects all signed off as the Roads of National
Significance n ZTA. We're just going through book, you know,
basically process stuff here right. NZTA is given it the
old tich yep old good tod government's now going to
consider tolling as part of as one of the ways
to pay for this as Chris.

Speaker 8 (12:15):
Bishop my senses though most people once they realize if
they don't if you don't toll things, the road is
nit delayed or doesn't happen at all. People say, well,
just bring the toll and forward. Thanks, We'll just rather
pay a bit extra to drive on the ruck. And
that's how starting important. That's what we're doing.

Speaker 3 (12:30):
He is actually incidentally going to be with us after
six o'clock because Nichola willis as awow. I think she
might be overseas or something like that. So Chris Bishops
and we'll have a chat to him about that for
twenty four ever duplesel. Finally we've got something from Labor.
It's the first policy that they've released, I think in
two years. This is their election. It's one of their
key election policies. It's a future fund. Now it's not

(12:52):
half bad, but they've managed to screw it up. So
the idea is basically to copy what they do over
in Singapore with Temasek. Right, so takes it operates all.
It's like their investment funding arm for the government.

Speaker 5 (13:05):
Right.

Speaker 3 (13:05):
So what they want to do is set up a
similar thing. Chuck a couple of hundred million dollars into it.
Maybe roll in some of our state assets. They're not
saying which ones at the moment, but chuck them in there.
And then this thing would be managed by the NZ
super guys, right, so they were doing a fantastic job
of managing Super so they would also manage this and
you grow the fund and get the dividends from various
companies I would imagine to reinvest and grow the fund.

(13:27):
Problem with this is so that's a fantastic idea, and
in fact it's an idea that had this government been
smart about it, they would have done it themselves, because
it was an idea that was floated by Winston Peters himself.
I am sure it was before the twenty twenty four budget,
so about eighteen months ago he talked about how we
could copy copy Singapore and this was the thing that
he pointed to. Well, obviously Labour read that and thought, yeah,

(13:48):
we can do that. Problem is Labour's taking a fantastic
idea and just taking the wheels off it, because what
these guys in Singapore do is nothing. Nothing is a
sacred cow. Anything can be sold, Anything can be bought
as long as like they sell the crappy stuff. And
they buy the good stuff and then they basically just
grow the wealth of the Singaporeans. Labor here, of course,
cannot possibly be be that, you know, visionary. They decided,

(14:13):
they've decided that nothing is allowed to be sold. So
if there's a state even if the state asset is
doing a land corp and before performing as poorly as
we'd have to hold onto the bloody thing. Anyway, Chipley's
gonna be with us after five o'clock, so we'll have
a chat to him about that. If you are, can
I just say, if you're a contact gas customer, can
I just politely suggest you might not want to be

(14:33):
a contact gas customer because I don't know if you've
seen what they've announced today with the gas prices, but woof,
that's pricey. They're gonna put the price of gas up
by an average of about seventeen percent. It's hard to
see that this is fair. Because let me run you
through the numbers really quickly. Okay, the new charge is
about fifteen cents per kellor what hour of gas? Now,
if you work that out per gigadule, that's forty one

(14:54):
dollars forty two of forty one dollars forty per gigadeuel
of gas. Now, that is three times what they are
paying on the spot market for gas. Right they are
paying less than fourteen dollars per gigadul, and then they
are selling it to you at about forty one dollars.
It is seven times what methodis pays at about six
dollars per gigadul. Contact says, this is contact explanation for

(15:18):
why they're doing it. Contact says, we're balancing the need
for energy security with a constrained gas supply as the
country transitions to a renewable energy future. What does that
even mean? The OD do you know what? Because I
don't know what that means. I'm interpreting that as Contact
is trying to basically price you out of gas. So
they're trying to get you to give it up. Anyway,

(15:40):
take the hint, give it up, go get your gas
from somewhere else because Contact is charging you.

Speaker 5 (15:44):
First too much.

Speaker 3 (15:45):
Anyway. News is next News Talk ZB just for a

(16:08):
new person over.

Speaker 1 (16:10):
Again, digging deeper into the day's headlines. It's Heather duplic
Ellen drive with one New Zealand coverage like no one
else News talks.

Speaker 2 (16:21):
They'd be.

Speaker 3 (16:26):
Down fast, that's Luckson. It's just been asked at post
cabinet press conference of what he thinks about the Labor
Party policy and he's got a few things to sell.
Get that to you.

Speaker 5 (16:37):
Very short.

Speaker 3 (16:37):
They're very so ball with us on that as well.
Not so far away, about ten minutes away. Very cool.
So if your kid is really a really sporty, particularly
with regards to rugby or football, there is now a
school that's going to be opening a Upper Heart that
is completely dedicated to sports. It's a charter school obviously,
this is what gives the charter school system is the
way that you're able to do this. It's going to

(16:58):
focus initially on football, starting by the way in January
for years eleven to thirteen, focus initially on football and rugby.
They could had add other sports in the future. Of the
Wellington Phoenix Football Academy is involved with this. So we'll
have a chat to David Dome, who's the general manager
at the Wellington Phoenix in about half an hour's time
right now, twenty four away from five.

Speaker 2 (17:17):
It's the World Wires on news talks. It'd be drive.

Speaker 3 (17:20):
So Prince Andrew reportedly try to get police to try
and dug up dirt on Virginia Gufrey back in twenty eleven.
The Mail on Sunday has reported that the Prince gave
his police bodyguard Giufhrey's date of birth and social security
number and then asked him to find out if she
had a check it past. Here's the UK government minister
ed Milliband.

Speaker 5 (17:38):
They are deally concerning allegations.

Speaker 9 (17:39):
I think there will people want to look at those
allegations and what the substance is behind them. But obviously
that is a but if that is correct, that is
absolutely not the way that closed protection officers should be used.

Speaker 3 (17:52):
Barnaby Joyce has sensationally quit the Australian National Party and
is reportedly looking at joining One Nation. Barnaby has refused
to confirm this, but he said he has had a
chat with One Nation leader Pauline Hansen.

Speaker 8 (18:03):
I decided to remove the middleman and give her a
call myself last night where I spoke to her for
about five tenner CEO and no, I'm not going to
see what we spoke about, but there was a few laughs.

Speaker 3 (18:13):
OLLI Peterson on that shortly and finally.

Speaker 7 (18:15):
I came I saw it and I don't believe my.

Speaker 3 (18:17):
Eyes a woman in Louisiana has found an ancient Roman
gravestone in her backyard. She's called in the experts. They
have confirmed that it is a genuine burial stone belonging
to a Thracian sailor who died almost two thousand years ago.
The woman has arranged through the FBI for the gravestone
to be returned to the Italian Museum that it belongs to.

Speaker 1 (18:38):
International correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand business.

Speaker 3 (18:43):
Olli Peterson sits the Our Perth Live presenters with us Ali.
What happened at the protest over the weekend.

Speaker 10 (18:50):
Well, we've got some police officers who have been injured
as a result of rocks and bottles being thrown at
their really ugly scenes which have been making headlines right
around the world. Now we're talking here about pro and
anti migration protesters coming together in the Melbourne CBD.

Speaker 7 (19:07):
But unfortunately head this is.

Speaker 10 (19:09):
Really becoming something that we are witnessing on the streets
in Melbourne on a very regular basis. Police have had enough,
they are absolutely fed up with it. There was the
random stabbing of a woman in the middle of the
As I say, PERCVD the Melbourne CBD. Last week when
the Premier, Justin to Allen was asked if Melbourne is safe,
she couldn't say it. Then she's gone on to the
front foot today to say yes, the Melbourne CBD is safe.

Speaker 7 (19:32):
People do not think that it is safe.

Speaker 10 (19:34):
And the Police Union is calling now on there being
a permit and registration process like they have in New
South Wales before protests are planned, so at least they
know what they are about to deal with. But I'll
tell you what, the underbelly of Melbourne is now on
full display, full spotlight. It's again making global headlines and

(19:54):
Melbourne is getting a really bad reputation.

Speaker 3 (19:57):
And has this got anything to do with the privates
scurity that's being employed by various suburbs.

Speaker 10 (20:02):
Well, this is part of the problem because you go
out to the western suburbs, which is the sprawling area
of Melbourne at the moment, which is where housing estates
cannot keep up with the migration boom and people are
resulting to yes private security guards. If you look at
aggravated burglaries and theft, we're seeing a spike of fifty
percent year on year and they're still pretty high statistics.

(20:22):
We're talking about two and a half to three thousand
people finding their properties being broken into on a daily basis.
A lot of these people as well, header are juveniles
jumping fences, coming into their houses, stealing the goods, stealing cars.
You don't forget they've got a ban now on machetes
in Victoria. Again, these are all the headlines you don't
want to be talking about in regards to a city

(20:44):
like Melbourne, which is obviously trying to be the events
capital of Australia, if not trying to say they're rivaling
the rest of the world with Grand Prix Boxing Day tests,
Melbourne cups, et cetera, et cetera. There are some major
social problems in Victoria which have been bubbling away for years.
The government is losing control and now you're resulting to
private security guards complementing the police and regularly reports now

(21:07):
out of the western suburbs of Melbourne that the police
helicopters having to hover around the suburbs all night just
to keep people safe.

Speaker 3 (21:13):
Jesus Rafae. Now, okay, what do you think is going
on with Barnaby.

Speaker 10 (21:18):
Well, he's got the sh one ts with the National
Party quite Frankly, he doesn't agree with David littl Proud
or the direction of the coalition because they will not
abandon at this stage and at zero And look, he
is a very savvy politician, so is Pauline Hanson. Now
Pauline Hanson's into his seventies, Barnaby Joyce is fifty eight.
He can see another fifteen to twenty years in the

(21:41):
Australian Parliament as the breakaway renegade that he is being the.

Speaker 7 (21:45):
Next leader of one Nation.

Speaker 10 (21:47):
So this is all about saving his own backside ultimately, Heather,
and I'm not saying that the National Party was going
to break up with Barnaby Joyce either, but the Conservative
Parties are currently having a crisis of identity and that
is on full and frank display for the Australian public
to be going along the ride with this Barnaby liking

(22:08):
although him is one of the most effective politicians probably
of this generation, and if he is going to make
a decision in a years going to one Nation, he's
just going to play the game and for a little
bit longer then this could have catastrophic consequences for what
the coalition is at the moment, which is already broken,
doesn't know what it stands for.

Speaker 7 (22:25):
Andrew Hasti's resigned as we know.

Speaker 10 (22:27):
You see the prices resign and now if you see
Barnaby Joyce, former Deputy Prime Minister of Australia, former leader
of the National Party, defect to one nation where we
are in for some sort of a ride as the
conservative side of Australian politics tries to find whatever.

Speaker 7 (22:41):
Identity it has or does not have in this country.

Speaker 3 (22:43):
At the moment, Ollie, how many coins did you get?
How many of those bluey coins did you get? For
the kids?

Speaker 7 (22:48):
Four?

Speaker 10 (22:48):
I managed to win the ballot two and sotly my wife,
So if you'd like to bid on them, Hea, then
I'm happy to sell them.

Speaker 3 (22:53):
She's no, you spent eighty dollars on coins.

Speaker 7 (22:57):
Yeah, well I didn't know she was going to get them.
She didn't know I was going to get at them,
but yeah we did. As I said, the tooth Fairy
might be interested in some of these.

Speaker 3 (23:04):
You get paid way too much, Ollie, thanks very much,
look after yourself. Oliver Peterson six PM, Perth Life presenter.
He is so excited about it. He actually he won
it last week and sent me a screen grab and
was like whew, I got the bluey coins and I
was like, whoa your banks? Yeah, that's a not too
Scottish for that nonsense from my Omar part seventeen away from.

Speaker 2 (23:25):
Five Heather dupl.

Speaker 3 (23:27):
So here's Chris Luctioneon on Chris Hopkins's future fund policy,
which was announced this afternoon.

Speaker 11 (23:31):
There was no numbers in the in the document whatsoever.
There wasn't even the two hundred million dollar seed money
that I understood Barbara dvmans talked about in the briefing.
But if you look at it over the last three
years as anywhere from six to eight hundred million dollars
worth of dividends, Well, that money is actually used to
pay for health and education. So where's that going to
come from? So where's the costing for that? What is
the implication of that on the delivery of the deficit

(23:53):
for example, So where's the thinking behind it all? There
is no detail, There is no costings. It's just classic labor.
So I've got no details. And as I said to you,
after two years in opposition, this is your first outing. Honestly,
if we had done that, we would have been crucified.

Speaker 3 (24:09):
Now he's come to life on it hasn't he, And
there's good reason for that, I suspect, I mean, obviously
labor deserves a little bit of grief for taking a
perfectly good idea and ruining it. But also I can't
help but wonder if it is also that Chris Luxin
is a bit bummed out because he actually likes this policy,
and this is something he might have wanted to have done,
copying the Singaporean model, and he's been pipped to the

(24:30):
post by Chrishipkins, which would suck. It would suck to
have your idea, the idea that you love, be trotted
out by Chris Hopkins and him ruin it. Anyway, we'll
talk to Barry Sober about it. He's with us shortly
sixteen away from five.

Speaker 1 (24:42):
Politics with Centric Credit, check your customers and get payments.

Speaker 3 (24:45):
Cirtaty just he heads up buddy, a mental couple King.
He has broken her silence on the allegations that she
overspent her budget. I'll get you a cross that detail
before five o'clock. It's thirteen away from five and Barry Sober,
Senior Political Correspondents with us. Barry good afternoon. Her though
inflation at three percent, totally expected right, Well.

Speaker 12 (25:01):
It was, wasn't it, And it is in the Reserve
Bank's target one to three percent. So three percent you've
got to say, well, you know, it's not great, and
it's more than what the government would have wanted, I think,
and it really, I guess, raises a question about what
the Reserve Bank is going to do next month when
it looks at the OCR again, because three percent cutting

(25:26):
the OCR fuels spending feet through to inflation.

Speaker 3 (25:31):
Yeah, sorry, it's going to cut.

Speaker 12 (25:33):
I think it will cut, but it makes it difficult
for a government that wants to contain spending when you've
got this inflation rate running the way it is at
the moment.

Speaker 3 (25:42):
So my take on the labor fund that they've just
announced is that it's a fantastic idea, but they've taken
all the good stuff out of it. Well, if you.

Speaker 12 (25:50):
Listen to Winston Peters, it was his idea that he
and it's true.

Speaker 3 (25:56):
Is apparently working on it with Grant Robertson.

Speaker 12 (25:58):
Where he had been and they'd looked at this idea,
but it never really got off the ground. The problem was,
and I think Chrishipkins was absolutely right that there were
no figures in this they couldn't have an announce the
state owned enterprises that would be encompassed by this, because
there's in New Zealand, for example, going to be the

(26:19):
divisids that they returned to the government. The point that
Chris Hipkins made six hundred million dollars comes into the
government from these sources. What are they going to do?
They normally spend it on health, education and whatever. So
what are Labor going to do with the money, and
how they're going to fund it, how they're going to
seed it At two hundred million dollars, it's meant to

(26:41):
be great for business if it's possible in terms of
financing it, but that hasn't been proven to a suggestion
at the news conferences afternoon that Labor's the same old
team that was bipped out of office two years ago,
a leader Chris Hipkins pushed back, here he is with
his finance spoke spokes woman Barbara Edmunds.

Speaker 13 (27:03):
Or we don't have the same team, except quite a
different team. Barbara different, Barbara is different, and Barbara's been
the architect of this policy and I absolutely beck it
because I think it is a different way of thinking
about how we use the huge s base that the
Crown has now to help grow New Zealand's economy and
grow opportunities for New Zealanders in the future.

Speaker 14 (27:21):
So for us, it's about in the last eighteen months
to listening to the electorate. You gave us a really
strong message you didn't want us to be in government.
So the last eighteen months, our whole team has been
talking to communities, businesses, organizations up and down the country.
The number one thing that is constantly been said to
me is we want a long term vision and plan

(27:43):
for our country. The Future Fund is the first step
to that.

Speaker 12 (27:47):
Yeah, but you know where's it going to come from.
Labors said that they referred a lot to the New
Zealand Superfund set up by Michael Cullen. It's now worth
eighty five billion dollars returns of eleven percent a year.
But the problem with this particular fund, when you compare
it with that one, is that this one will be

(28:08):
totally internalized in New Zealand. They won't be able to
invest off seas, off sea overseas, So you.

Speaker 3 (28:15):
Know that's what I mean, that's a great idea that
they just take all the good stuff out like that,
they make it hard for the great idea to actually
bear fruit, right, because that's too much, too much red
tape binding it. Anyway, Shane Jones, what's he up to?

Speaker 12 (28:29):
Well, he's of course in Sydney at the moment, promoting
New Zealand is a great mining mining mecca for natural resources.
So he's over there. He'll been a conference, International Mining
and Resources Conference apparently he's going to be held next year.
Here it's in Sydney this year. So Shane Jones is

(28:50):
talking up New Zealand. Then he's off to the United
States to another conference, International Mining and Resources Conference, and
so New Zealand being sold. I don't think the greetings
will be very happy about it, but that's what he does.

Speaker 3 (29:04):
Yeah, brilliant, Barry, Thanks very much. Barry Soper, Senior political correspondent,
Nine away from.

Speaker 1 (29:07):
Five, the headlines and the hard questions. It's the mic
asking breakfast.

Speaker 3 (29:13):
The psychological effect of anything with a three in it?

Speaker 5 (29:16):
What's your assessment of that? Do we we're already in
a fund? Does this sort of sinkus?

Speaker 4 (29:20):
Well?

Speaker 15 (29:21):
I think people already know that the cost of living
has been rising quite significantly. I mean a nice little.

Speaker 16 (29:26):
Factoy dare inflation back inside the target range, but the
level of prices is more than twenty percent high than
it is the pandemic, so people know that they've got
less money in the back pocket.

Speaker 15 (29:37):
There is their bank's kind of interested in. Do people
think that they need to get a bigger pay rise
and their inflation expectations going to rise? So far they
seem pre synguine about that.

Speaker 1 (29:47):
Back tomorrow at six am the Mic Hosking Breakfast with
the Defendant News Talk ZB here, how does.

Speaker 3 (29:52):
It square with labor values to take six to six
to eight hundred million dollars a year out of the
Consolidated Fund, which mostly spends on social outcomes, and then
instead spend it on commercial investments with vague hopes of
secondary social benefits occurring somehow, cam, I don't know who
knows we can even answer that question, but it's a
good question. Six away from five. So Maria men Or
Kappa KINGI has finally broken her silence on those allegations

(30:13):
that she overspent her budget and employed her son. So
she put out a statement today She says the budget
was never overspent. She says she had actually had her
budget adjusted because she was doing extra work. She was
already the party's whip, but she was also trying to
help tuku Tai tash Kemp, the late Tukutai tash Kemp,
who of course died of kidney disease. She had to
try and help her out with her electric work, so

(30:36):
her own budget was adjusted to be able to deal
with that. The party, she says, encouraged it. She says,
the leadership approved the payment of the first trant of
the work, indicating the arrangements were suitable and sufficient. Payment
happened without any contest or alarm. I continued with the
same arrangements. Fortunately, the Speaker of the House, Jerry Brownlee,
who has the last say on all budgetary matters, approved
my budget adjustments and confirmed no rules have been breached.

(30:59):
The leaders were well away of this extra work and
the approval made by the Speaker. I remain unsure why
this budget reallocation was shared publicly without the context it
was made in. So if you looked at that like
I did, and you thought, oh, that looks like something
of a smear campaign by John Palmerherdy and everybody in
the Marty Party, well she's sort of suggesting that that's
exactly what it was. She'd done nothing wrong, she says. Anyway,

(31:20):
as she says, I want to make say this clearly,
I am here. I'm still your MP. So she's not
going anywhere. So yeah, this is going to come to
a head in some way at some stage, because you
can't be as the Marti party leadership going out there
doing a hit job on your MP and then her
just hanging around. You know, you can't have her in
your party if you've done that. So let's see what

(31:40):
happens there. Listen. One of the allegations to come out
of Virginia Deuphrase memoir, and I'm telling you this because
we're going to talk to Victoria Arbiter, the Royal Commentator
after half past five. One of the allegations to come
out of the memoir is that she claims she had
a miscarriage four days after she had an orgy with
Prince Andrew and eight other women that none of the

(32:00):
other women were able to speak English, had happened at
Epstein's Caribbean island, Little Saint James. She woke up the
next morning in a pool of blood. Anyway, that's the
kind of look I mean that is about. That is
about as graphic as we're going to get on the show,
so apologies for that as well. But this stuff is
quite graphic and there's a lot more coming out about
Prince Andrew, so as you can see it, you know,

(32:21):
any hopes that they might have been able to stem
it somewhat with you know, him promising he's not going
to be able to do he's not going to use
his titles anymore, is probably hopeful. So she's with us
after half past five. Jared Kerr, the chief economist of
Kiwi Bankers with us next on the inflation. Just ask
you a question quickly, Okay, do you want to it's
so weird. Do you want a blueberry the size of

(32:43):
a ping pong? Because we are growing blueberries the size
of ping pong's up in Kitty Kitty and also in Waikator.
It's genetically modified to be able to be that big
and they're going to be on the market late next year.
But I'm not really sure. I looked at that a
little with this novel. But what are you going to
do with it? Because that's a massive blueberry when you
think about it, I mean, it's not like you're going

(33:03):
to sprinkle a lot of those giant blueberries on your granola. Yeah,
so I'm guessing that what are we headed towards? Like
you take your you take your apple, you take your mandarin,
and you take your giant blueberry like it's a self
contained snack now, and you put on your desk at work,
And would it even if it's that big, would it
even taste that nice? Do you even want this in
your life? I'm not sure that I do anyway.

Speaker 1 (33:24):
Inflation next day, pressing the newsmakers to get the real story.
It's Heather dupicl and drive with one New Zealand to
coverage like no one else news talks it be.

Speaker 3 (33:43):
Afternoon. Inflation has come into that three percent, which puts
inflation at the very top of the Reserve Bank's target range.
It was driven by council rates up nearly nine percent
and power prices up more than eleven percent. Jared Kerr
is KIWI Bank's chief economist and with us Hi jarreed Hi,
are you worried about this or jerikination falls away from here?

Speaker 17 (34:01):
No, we think this is the peak. It's a pretty
tough quarter the third quarter, but things tend to ease
off in the fourth quarter, so we had a bit
of a spike in food electricity council rates, you know
that sort of unwinds from here and scratching beneath the surface.
We're quite satisfied that domestic prices are heading in the

(34:24):
right direction. Not much we can do with the international prices.

Speaker 3 (34:27):
Where do you see it going? I mean I read
somewhere that it might even vote fall below two percent
next year. Do you think that?

Speaker 17 (34:34):
Yeah, that's our forecast. We think inflation this time next
year we'll be running at about one point seven to
one point eight. So job done for the Reserve Bank.
The Reserve Bank really has employed a scorched earth policy
here with domestic prices coming off quite quickly and likely

(34:54):
to fall over next year.

Speaker 3 (34:56):
So what are you going for another cut in November
twenty five basis points?

Speaker 17 (35:00):
Yeah, I think that's done and dust it. I think
we can almost talk about that in the past tense.
It's what they do from there. If the economy does
not show signs of recovering over summer, then I think
the new Arvinz government will be more than willing to
drop it to two percent. But we're getting close to
that bottom, which is the key message for business owners,

(35:23):
and we are looking to next year with some optimism.

Speaker 3 (35:26):
Jared, it's good to talk to you. Thank you mate.
That's Jared Kirkiewe Banks chief economist Heather do for Sea
Elis Labor Party has announced its first major policy ahead
of next year's election. It's a Future Fund. The Future
Fund will use capital from some crown assets to invest
in Kiwi businesses and infrastructure projects. And the Labor Party
leader Chris Hopkins is with us now hip can I

(35:46):
what's the actual goal of this fund?

Speaker 13 (35:49):
We want to back New Zealand businesses and invest in
New Zealand. We need to see more of our wealth
being invested back here in New Zealand rather than flowing overseats.
So by using some of our existing public assets are
resisting state assets, putting them into a future fund, using
the returns from them to reinvest in growing New Zealand businesses,
we can create jobs and keep more wealth here at home.

Speaker 3 (36:09):
Okay, So this fund is not able to invest in
overseas businesses, is it, No, We've.

Speaker 13 (36:14):
Got the New Zealand Superannuation Fund that can do that.
So this will be complementary to the New Zealand Superfund.
But in terms of our sovereign wealth investment abroad. They
will continue to be managed by the New Zealand Superfund.

Speaker 3 (36:24):
Right, you're putting in two hundred million dollars in cash,
are you also putting in assets?

Speaker 13 (36:29):
That's right. So we're not being specific right now on
which companies, which existing our companies would go in because
there are market disclosure issues and so on some of
those partially publicly listed companies. But we've set all of
that out in government.

Speaker 3 (36:43):
I mean, isn't the mere fact that you've mentioned that
likely to have a market impact because there are only
so many that are partially listed.

Speaker 13 (36:50):
Well, it's almost impossible to announce something like this without
giving or giving some information. But we're not going to
go and identify which specific companies we're talking about.

Speaker 3 (36:58):
Is the fund able to if it looks at let's
say one of the crown owned companies and thinks this
is not really actually a good investment, it's not performing well,
is it able to sell it down?

Speaker 13 (37:08):
The companies that we'll be putting in there as the
seed funding will not be able to be sold, but
the companies that the fund invests in will be able
to be They will be able to buy and sell those.

Speaker 3 (37:18):
Why can it what are these companies that we put
in as the seed funding are just crappy companies? By contrast,
why can't they sell them?

Speaker 13 (37:25):
Well, we want to have We're focused on a long
term investment. So we own all of those existing public
assets for a reason. And they're often reasons that are overlooked,
but they're often have you know, quite sometimes we just ownry.

Speaker 3 (37:38):
We've always owned them, chippy, we don't need to own them.

Speaker 13 (37:42):
I disagree herether I mean if you actually go and
look at the purpose of what's left being you know,
there were there were that was an argument that might
have applied previously, But most of the stuff where there
wasn't a good case for crown ownership's now already been sold.
What's left is normally a public interest in still owning it.

Speaker 3 (37:57):
Okay, So if you take six hundred thousand dollars six
hundred million dollars sorry annually in our crown asset dividends
to put into this fund, doesn't that mean that the
government has six hundred million dollars less to spend on
health and education.

Speaker 13 (38:11):
We'll set out a fiscal plan before the elections.

Speaker 3 (38:13):
So you're going to have to you will have to
find some other way to replace that money, won't.

Speaker 13 (38:16):
You what will well show you know what we're envisaging
in terms of dividend diversion into that fund versus are
still coming to the crown, and then we'll be clear
how we balance the budget. So the fiscal plan will
show how we will balance the governments.

Speaker 3 (38:30):
But that's going to mean extra tax, isn't it.

Speaker 13 (38:33):
There's a number of choices. We have different choices to
what the current government would make in terms of a
spending you know, we'll have different spending choices to them.

Speaker 3 (38:41):
You will spend less than a national part of government.
So the only possibility is that you you raise more tax.

Speaker 13 (38:47):
Well, you know, we'll set out our tax policy soon
that that's on the way. But what I'm saying is
we will make different choices of it. They remember this
is the government that said they weren't going to borrow
for tax cuts and is now borrowing almost the entire
amount of the text cuts.

Speaker 3 (39:00):
Now, is this an idea that you just nicked straight
from Winston Peter's working with Grant Robertson in the twenty
seventeen to twenty twenty government.

Speaker 13 (39:08):
I mean it was something that Grant Robertson had started
to do some work on pre COVID that didn't progress
during COVID. But yes, with it's something we've been working
on for a while.

Speaker 3 (39:16):
Okay, Chippy, thanks very much, appreciate it. Chris Hopkins' Labor
Party leader.

Speaker 2 (39:20):
Heather do Pussy.

Speaker 3 (39:21):
Here's the Prime Minister, Chris Luckxon on the teachers union
and the strike this Thursday in Palestine.

Speaker 11 (39:27):
Well, I just think the unions are not serving their
members well by going straight to strike. You know, like, seriously,
what does a union wanting to talk about Palestine have
to do with educational outcomes for New Zealand kids?

Speaker 7 (39:38):
Seriously?

Speaker 11 (39:39):
I mean, I mean you must think that's completely insane, right.

Speaker 3 (39:43):
Asking the press gallery if they think something like that
is completely insane, is just what's the point you know
that The answer is no, why is it not completely insane? Anyway,
we'll talk about that shortly. Jenna reckons, Actually the idea
of a gigantic blueberry the size of a ping pong
is wonderful. She says, it's like a plum with no stone,
so therefore it is the perfect fruit. Interesting could also

(40:03):
taste weird, though, because just because it's a super sized plum.
A blueberry does not mean it's going to taste sweet
and tangy. Little blueberries will taste better than a giant blueberry.
If you think about this, I think it through. Think
it through. It's going to be a watery version, isn't it?
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(41:07):
co dot z.

Speaker 2 (41:08):
Heather Dup c Ellen.

Speaker 3 (41:10):
The reason why there is a lack of investment in
New Zealand is because growth is stagnant and offshore investments
are providing good returns. Chippy is wanting to invest in
a dead duck. James Fairpoint, seventeen past five. Now New
Zealand is getting its first dedicated sports school. It's going
to be in a upper hut. It's a charter school.
It's going to open its doors to years eleven to
thirteen students in January and they're going to focus on

(41:31):
elite sports training as well as the books. First it's
offering football and rugby, but then other sports in the future.
Hopefully the Wellington Phoenix Football Academy are involved in. Wellington
Phoenix General manager David domes with us.

Speaker 18 (41:42):
Hey, David Good that's known, Heather.

Speaker 3 (41:45):
Why did you guys decide to get involved here?

Speaker 18 (41:48):
Well, we were asked by our board, the Phoenix Board,
maybe five six years ago to say, look how can
we take the academy our very successful coming to the
next step, What do we need to do?

Speaker 2 (41:56):
What can we do to make it better? Make it
more successful?

Speaker 7 (42:01):
Are you still there things in the United State?

Speaker 17 (42:03):
Can you hear me? Oh?

Speaker 3 (42:04):
You sorry? We just lost your carry on.

Speaker 18 (42:06):
I'm just saying. So when we were asked by the
board this is the Phoenix Board, to examine how it
can make our academy even more successful than it is.
And we did a bit of research around the world,
looked how the Americans did it, how they did it
in Europe and Spain and Italy, and it was really
combining education in sports, and so it was very hard
for us to do that at the time, given that
there was only the state school alternative, which we couldn't
really be a part of. But now with charter charter

(42:28):
schools and the initiatives that have come in, there perfect opportunity.
And then we jumped at it.

Speaker 3 (42:32):
Does it make a difference like that if you set
up something like this, do you actually get much better
footballers as a result.

Speaker 18 (42:38):
Well, what you do is you get to integrate their
education and their training. So what we're finding at the
moment the academy, we've got kids training at six o'clock
in the morning, We've got kids training at seven eight
o'clock at night. That's not ideal for physiology. But the
second component, which is probably more important, is that the
kids will be you know, we'll be integrating sport into
the education, so it should keep them more engaged. It
should keep them more interested in the education, and that

(43:00):
tune out not only better sports people at the other end,
but also better educated academics as well.

Speaker 3 (43:05):
So how do you split the day.

Speaker 18 (43:08):
Well, in the days, it's pretty much a normal school day,
it's well, you know, we're still being very clear that
it's going to be a quality education.

Speaker 5 (43:13):
We're not going to skimp on that.

Speaker 18 (43:14):
In the same way the academy doesn't skimp on the
training we do here, We're not going to skimp on
the education. It's going to be top quality. So it's
going to look pretty very similar. There will be modules
throughout the day where they'll go off and do their
own specific code training, whether that's football with us or rugby,
or cricket with Cricket Wellington or whoever we get we
partner with, whatever codes we take up, they will go
do some stuff during the day.

Speaker 2 (43:34):
It probably at a better.

Speaker 18 (43:35):
Time than than six o'clock in the morning at o'clock
at night. So all things being equal, I mean it
will look very, very similar, but it would just be
more tailored to a sports sports student.

Speaker 3 (43:44):
You've got spaces available for next year.

Speaker 18 (43:47):
Well, when you got one hundred, we've seen we're going
to cap ourselves are a one hundred. We don't want
to go any bigger than that because we want to
be able again. School class numbers are going to be
crucial for us to be success. We don't want to
be oversubscribed in the first year. We've already got eighteen
to twenty kids in our boarding house here at the
Academy at Wannington, Phoenix, so we're pretty sure they were
probably going to get the majority of those kids comeing across.
There's not that many spaces left, and ever since we

(44:09):
announced it this morning, we've already got about twenty applications
of students who want to join. So look, it's going
to be I think we'll be able to get good numbers.
We're not, like I said, we're not going to go huge,
but we'll get to our hundred.

Speaker 3 (44:19):
I think brilliant. Hey, well done you, thanks very much.
David David Dome, Wellington Phoenix general manager. I bet there's
a few football kids I'd love to go to that,
all right. So, as I was telling you earlier, the
Prince Andrew thing has now started to rope Fergie into it.
An email has been leaked claiming that Sarah Ferguson took
the princesses, this is Beatrice and Eugenie to visit Jeffrey
Epstein in New York shortly after he was released from prison.

(44:41):
So the email is from Jeffrey Epstein to his UK
lawyer and he's grumpy about something she said on tally
and he says she was the first to celebrate my
release with her two daughters in tow and then he
goes on to explain that apparently she's been up with
There's other emails as well showing she was asking him
for a little bit of money just to help her
get through the small bills of around fifty two one

(45:01):
hundred thousand dollars and when he said no, she pressured him. So, yeah,
this is big trouble for Andrew. Victoria Arbeter, Royal commentator
is going to be with us in fifteen minutes time
on whether actually he might have he might be in
line for a little bit more punishment than he's already got.
Five to twenty one.

Speaker 2 (45:16):
The day's newspakers talked to Heather First, Heather du for.

Speaker 1 (45:20):
Cellen Drive with One New Zealand had the power of
satellite mobile news talk.

Speaker 3 (45:25):
Send me five twenty four listen. I don't know about you,
but the PPTA has completely lost any residual sympathy I
may have had for this Thursday teacher strike with the
revelation that they wanted to talk to the Education Minister
about Palestine. Apparently Palestine was the first item on the
agenda for the PPTA for their meeting with the Education
Minister in early October. Early October, which is what less

(45:47):
than three weeks ago.

Speaker 17 (45:48):
Now.

Speaker 3 (45:48):
The PPTA is not denying this. They say they did
want to raise it with the minister because they have
concerns about children in Gaza experiencing disruption to their education,
which I don't know if you felt the same as
I did, but I thought that's highly ironic, given that
the PPTA are the ones deliberately disrupting the education of
the actual students in New Zealand that they are responsible

(46:09):
for teaching by striking this upcoming Thursday, and by refusing
to do their professional development in the school holidays instead
of during term time on teacher only days. Now, also,
what did they actually think was going to come from
that meeting? I mean, what did they think they were
going to convince Erica Stanford to do. Do they think
she was going to pick up the phone to Hamas
and tell Himas to open some schools because the PPTA

(46:29):
in New Zealand are worried. Do they think that she's
going to negotiate with the IDF as Safe Zone Free
from Missile Strikes for schools to operate in Gaza? Of
course not, which means all this ever was, was just
politics and distraction. Now I feel sorry for the teachers
here because their actual request is not unreasonable, which is
that they want pay rises in line with inflation, which

(46:50):
we all do. But we're not all going to get it,
are we, because you know the economy. But asking for
it is not unreasonable. But because of the games that
their union is playing, teachers of laws the room. In fact,
I suspect that teachers lost the room a long time ago,
this has just made it worse. This is the government,
by the way, absolutely fighting fire with fire, and this
one has got epper cut through. They know they've landed
on a goodie.

Speaker 5 (47:10):
Hear.

Speaker 3 (47:11):
You go on Google, you type in PPTA and the
fifth most popular auto film is PPTA Palestine, which shows
how many people are looking this up on Google at
the moment. This Palestine stunt, I suspect has put in
sharp relief exactly how much this is really about politics
and how little this is actually about paying conditions. Hever,
do you think the teachers want to get the pay

(47:32):
negotiation done before they go on eight weeks holiday. I
don't know. I don't know. I've stopped think, I've stopped.
I've stopped being on the same wavelength as teachers who
are who are going along with this union strike. Now, Heather,
the thing about a giant blueberry is you have to
chop it up. One of the pleasures of a small

(47:52):
blueberry is the way that pop when you bite into it,
which is which is something that the German has also
been expressing to me just then. And you're always popping
it in and just having that little grip of the blueberry.
I look, I'm going to just say this, All this
comes down to his admin. This is an ADMIN problem
with the blueberries, don't you think, Because at the moment,
I mean, I feel bad for the blueberry pickers because
that feels like a tough job. But when I buy

(48:14):
it from the supermarket, it's in a punnet. It's just
a little punnet and it's ADMIN free for me. But
you can bet a giant blueberry. Now I've got admin,
haven't I. So I've got two choices. Am either going
to cut it, which is ADMIN, or I'm going to
bite it and then it's going to squirt all over
the show. And then I'm gonna have blueberry on my
white T shirt and blueberry all over the Germans desk
and blueberry on Ants's face, and then we've got there's

(48:35):
a whole different level of admin.

Speaker 7 (48:36):
Blueberry that close to my face.

Speaker 3 (48:38):
God, I don't know, I've think at this point, I'm
leaning over your desk, looking at your computer.

Speaker 7 (48:43):
Which has Laura's notes on it.

Speaker 3 (48:45):
For some reason, yeah, which never happens. I'm never that
close to your personal space. But for some reason, when
I'm biting this blueberry, blue berry, this is happening or
the trajectory of that squirt is a long one as
possible anyway, broils.

Speaker 1 (48:56):
Next you trumped to get the answers you need. It's
Heather Duplicllen drive with one New Zealand coverage like no
one else US talks.

Speaker 2 (49:09):
That'd be did you taking me.

Speaker 1 (49:15):
Right?

Speaker 3 (49:15):
We've got the heartle standing by Tricius and Josephaganni. This
evening tell you what the BSA is a subject again
today because apparently the Act Party is considering getting rid
of the BSA. It is written to Paul Goldsmith of
the National Party suggesting complete abolition. We'll talk to Chris Bishop,
who's in for Nikola will As. He's with us after
six o'clock right now it is twenty four away from six.

(49:35):
Now let's talk about Prince Andrew because the bad news
about this chap just keeps coming. Overnight, the UK Police
announced they're looking into allegations that Prince Andrew hit up
his met bodyguard to dig up dirt on Virginia Jufrey,
his accuser. In just a day earlier, Prince Andrew announced
he would no longer use his royal titles, including the
Duke of York. Now, royal commentator Victoria Arbiter is with

(49:56):
us on this Hi Victoria, good afternoon, Heather, Obviously, what's
happened here is Andrew has only promised to stop using
the titles, but he hasn't given up the titles. There
are now calls for the King to strip him of
the titles. Will that happen?

Speaker 19 (50:10):
Well, that is indeed what's happened. I would be surprised
if he strips him just yet, simply because of what's involved.

Speaker 3 (50:17):
Heather.

Speaker 19 (50:17):
You know, it's very easy for all of us to say,
strip him of his title, get rid of this prince
y title. It's not as simple as that. In order
to strip his hereditary peerage, the Dukedom, the Duke of York,
which was a gift from the Queen when he got married,
that would require an Act of Parliament, and of course
people are going to be complaining and negative either way.
An Act of Parliament requires a lot of time, parliamentary time,

(50:39):
and some people would argue that MPs need to be
concerned with other things in the UK right now. By
ensuring that Prince Andrew volunteered, I say volunteered loosely, the
King more likely forced him to volunteer. It was a quick,
effective solution, but it also meant that it was effective
immediately that means right away he stopped using his Duke

(51:00):
of York title, rather than it dragging out through Parliament
over the course of six to twelve months.

Speaker 3 (51:04):
Do you believe there's more to come?

Speaker 19 (51:08):
Well, I suspect there may well be the reason there's
been this renewed interest in Prince Andrew. As you rightly
said in your introduction, it just the news seems to
keep on coming, doesn't it, ever since that News Night
interview in twenty nineteen. But there's been renewed focus because
of this posthumous memoir that's being published this week by
Virginia Jeffree, who very sadly took her own life back
in April. Extracts from that memoir have been published in

(51:30):
the British Prayers over the last two weeks or so.
Of course, much of the focus has been on Prince Andrew,
but there's a whole book here, and we don't know
what else is to come. So it's entirely possible that
this was Buckingham Pallace's way of getting ahead of whatever
else may be to come. Some people are going to
say it's not enough. Other people are going to say,
and rightly so here too, that the Prince has yet

(51:52):
to be investigated for charged or convicted of a crime.
So how far can you go when there's no evidence
or certainly no conviction of wrongdoing. But I think right
now we have to look at what the King has achieved.
He has stripped away his state funded police protection, he's
stopped funding him himself, bucking On Palace, is removing all
traces of him from the website. He's ensured that he's

(52:13):
given up the use of that title. He's made him
give up his honors. He tried to get him to
move out of Royal Lodge, but Prince Andrew has a
pretty iron clad lease. While he can afford to pay
for Royal Lodge, he'll continue to stay there. The King
has kind of at this point done everything that he
can without any evidence of criminal wrongdoing.

Speaker 3 (52:33):
Now, part of the reason the King is doing this
as well is because he wants some clear heir for
a meeting that he's having with the Pope in a
couple of days time. Given how much coverage there is
of this at the moment in the UK, can he
really get clear here? Unlikely?

Speaker 19 (52:48):
And that's because we know in the media if it bleeds,
it leads to coin a phrase and Prince Andrew is
just it's a salacious, nasty, gossipy story and there is
so much that's going to come from this, and in
the UK certainly, I'm not sure what the publication date
is there in New Zealand, but Virginia Jifreeze book comes
out in the UK tomorrow. The King State visit to

(53:08):
the Vatican is on the twenty second and twenty third,
so Wednesday and Thursday, and this is a very important
visit for him. Is going to be the first British
monarch to pray alongside a Catholic poope in well since
the sixteenth century. This is a very important visit for
him and certainly it'll get coverage. But if there's more
in this memoir then you can be sure everyone's going
to be talking about that.

Speaker 3 (53:29):
Victoria's always good to talk to you. Thank you so much,
Victoria Abbata, Royal commentator. Twenty away from six.

Speaker 1 (53:35):
The Huddle with New Zealand Souderby's International Realty find your
one of a kind on the handle with.

Speaker 3 (53:40):
Us this evening we have Trish Shurson of Sheerson Willis
pr and Joseph A. Gani of Child Fund. The CEO there,
how are you too, Hallo? Now, Trisha, you are a
pr expert. So how does this play out?

Speaker 20 (53:50):
Well, every thread that gets pulled in this very very
grubby saga of Prince Andrew phrase more and more the
monarchy's ritpy. The problem is that they didn't get a
handle on this way back when this started. They would have,
or should have the people advising them should have had

(54:11):
a very firm view on what could unravel. I suspect
what has hamstrung them all along is Prince Andrew's utter
arrogance and hubris and even the statement he put out
over the weekend. What was the statement, I'm voluntarily giving
up my titles because as always I put my country

(54:33):
and the monarchy and my family first.

Speaker 3 (54:35):
I mean, this guy is just oute, just.

Speaker 20 (54:37):
Outrageous, and both he and Fergie they have just had
their grubby little paws out it in every turn. If
there was ever a couple who would be renowned for
trying to, you know, by any means possible get a
dollar in their pockets, it's these two.

Speaker 3 (54:55):
What do you think happens here, Josie, Because I mean, look,
it's not just stuff out of Virginia and your phrase book.
Now we've got stuff coming out that's being leaked from
from Congress in the UK like this. They're about to
release a whole bunch of files that impune him further.
It's just coming at the royal family, going to they
strip him of the titles.

Speaker 21 (55:11):
Yeah, I mean, it's just going to get worse and worse,
isn't it. And I think they'll probably have to. But
the fundamental problem here, however, is that you know, I
hate to break it to everybody, but the monarchy is
not a meritocracy.

Speaker 3 (55:23):
No, you don't get to pick your princes.

Speaker 21 (55:25):
That they just emerge and there they are. And so
if you start going he's a cad, he's morally reprehensible,
he's thick, he's obnoxious.

Speaker 3 (55:37):
Where do you stop? Because if he's.

Speaker 21 (55:39):
Not suitable to be a prince, then you know, how
do you have Where do you stop?

Speaker 3 (55:45):
Where do you go next? Does it have to be criminal? Well?

Speaker 21 (55:48):
I do think that this is very entertaining for a start,
right looking at it. I mean, there was one headline
that I read over the weekend which was something like
Andrew Touloo's Order of the Garter, which is possibly one
of the silliest headlines I've ever seen. But so you know,
I think it's does he does he lose it?

Speaker 12 (56:06):
Yes?

Speaker 3 (56:06):
Probably?

Speaker 21 (56:07):
I mean the problem though, once you do that, like
Harry and Meghan. You look at Harry Meghan, they just
look like ordinary posh toffs. Now, yeah they don't. If
you don't have the Game of Thrones outfit in the sword,
what the hell is the monarchy for? And when they
start to look like just Harry and Meghan or you know,
Andrew and Sarah, then it starts to not just fray

(56:28):
their credibility, but actually under the illusion of it.

Speaker 20 (56:32):
I think if if William becomes king, if if action
hasn't been taken, my sense is he is chomping at
the bit. And I think it's you know, Charles has
sort of been protecting Andrew doesn't really want to pull
the pull the trigger or bring the guillotine down, And
to use a sort of term well known to the monarchy,

(56:53):
I think William would absolutely do that.

Speaker 3 (56:55):
Yeah, fair enough. Now what did you think of Labour's
future Fund, Josey?

Speaker 21 (56:59):
I think the idea is spot on in terms of
an investment fund. You know, you look at and of
course Labor and Chippy quoted Singapore. I mean I also
think the countries like South Korea. You know, in the seventies,
South Korea and Argentina both agricultural economies, both poor. One
invested government funds into innovation. They started creating TVs and

(57:21):
cars right and the other didn't. So now South Korea
is much richer than Argentina. So all makes perfect sense.
And I think the one thing that I like about
the way they announced it is they very clearly said,
we're not going to do what we did before. We're
not going to do everything. We're not going to do
working groups. And you know what, I remember they set
up a whole bunch of working groups. If it doesn't work,
we'll ditch it. And I think there's a cliche about

(57:43):
this sort of stuff that you can't government can't pick winners. Well,
actually no one can pick winners. But what you can
pick is losers. And what they're saying, and I think
this is right that they've been labor have learned a
lesson that they will if something's not working, they'll drop it.
They'll move on right straight away. So thump the losers.
The problem with it it is, you know, two hundred
million dollars is not a lot, No, so we don't

(58:04):
know what else is going into it, you know, and
we're not the details not clear about it. Setting up
this weird the guardians of the galaxy thing super fund
are going to decide what to invest in. You've got
to do it in consultation with businesses and with sector.
You can't do it sort of, you know, you can't
just do it as a government thing. And even I would,
I would argue the super fund isn't necessarily the right place.

Speaker 3 (58:27):
Okay, let Trush, I want your take on it, but
we'll get it after the break, So you hang on
to take It's Quarter two News Talk ZB.

Speaker 1 (58:35):
The huddle with New Zealand southbast International Realty, the global
leader in luxury real estate.

Speaker 3 (58:41):
Right, you're back with a heart or right, Trish? Tell
me what does your take on the future fund thing?

Speaker 20 (58:45):
Well, it's hard to really get under the hood of
it because it's so light on. I mean, this is
a document of twelve pages with no numbers or anything
that you can assess this on and actually reading the pressory.
So I thought this takes me back to under the
do In Hipkins government. You could have cut and pasted
the great statements about jobs and going to do all

(59:05):
these amazing social things. Let's be clear, this is not
the Singapore scheme, even without the disc and it is
absolutely not. And I actually thought I'm going to give
a bouquet to Day two X response to it and
this line they said, as soon as politicians mix their
drinks thinking their wolves of Wall Street, the losses to taxpayers,
present and future and future losses start mounting.

Speaker 3 (59:28):
Yeah, because the point of this, what Singapore does, am
I tell me if I'm right, heretrish. But what Singapore
does is they go, these are our assets, they'd owned assets.
We're going to take politicians out of the mix. It's
exactly somebody independent, you do whatever.

Speaker 20 (59:41):
That's exactly what we've done.

Speaker 3 (59:44):
What Chippy's done is he's gone make us rich, but
also only invest in New Zealand businesses and you can't
sell anything. No, just completely going to New to that.

Speaker 20 (59:52):
I totally agree. And once again, what is at the
heart of this. It's a popular sort of a picking
winner's kind of a thing. And how many times does
the New Zealand taxpayer have to have to pick up
the tab for that?

Speaker 21 (01:00:03):
Yeah, but you've got you've got to do it, as
you're right, You've got to do it in consultation with business.
With that, you can't just have a politician.

Speaker 3 (01:00:09):
To decide what you want. Do you want us to be
rich through this or do you want to use this
to invest in New Zealand businesses? You can't do both no,
because which is why Idiland businesses doesn't necessarily make us rich.

Speaker 21 (01:00:19):
Which is why I don't think the Superfund is the
right place for it, because the job of the Superfund
is to invest in whatever to make us rich, right
to pay our pensions and so on. So I actually think,
in some ways, I think it would be better to
do something like set up an infrastructure bank or something
where you go, right, money's going to go into there,
and we're going to have an independent panel that decides
these are our infrastructure priorities, and you know, we're going

(01:00:40):
to do a cost benefit analysis, et cetera, et cetera.
Because you know, you can't you can't have you're right,
you can't have politicians picking winners. But you can have
some sort of body that is a mixture of politicians
and sectors and community groups and so on that are
going to go right we want a cost benefit analysis
that makes sense, and that's I actually think an infrastructure bank.

Speaker 3 (01:01:02):
Would be the way to do it.

Speaker 21 (01:01:03):
But the idea is right, and they are saying trish,
even though I get it that it's a bit of
cut and pace of a don but they are saying,
we tried to do too much, we delivered not enough.
So to actually hear them say that, it's really I.

Speaker 20 (01:01:16):
Mean, I get that, and I think that's a good
thing to say. Do we trust that that's the case? I,
you know, yet to be convinced. This feels to me,
like I said, like another feel good flight of fancy
that the taxpayers are going.

Speaker 3 (01:01:29):
To pay for.

Speaker 20 (01:01:30):
And it's not one thing or the other, it's a
mix of things. And also in my view, I mean,
I've got a real bug bear with politicians holding back
on policy until last minute in election year because they
don't want to give stuff away, they don't want to
give the opposition the thing. I think that is arrogant

(01:01:50):
and actually voters should have been able to really get
under the hood of who's promising what. And I think
this is being pushed further and further now This election
will be the last, the latest we've ever seen Labor
really make a run on major policy, and I just
don't think it's good enough.

Speaker 21 (01:02:07):
I'll say one thing, because you know, we've got Jim
Bolger's funeral coming up. And I did a panel with
Jim Boulder and Helen Clark last year, and I look
at those two politicians from both sides of politics, and
they had a real They had the same theory of politics,
exactly what you said, Trish.

Speaker 3 (01:02:23):
You prepare an opposition, you get.

Speaker 21 (01:02:24):
All your policies and your details, and you cross your
t's and dot your eyes and get your policy ready
to go, and you implement, implement, implement in government. And
both of them did that. They had a vision, they
had a mission, and they wanted to do this. Isn't
mind if they weren't popular all the time. And those
politicians have gone.

Speaker 20 (01:02:42):
And also I noted Chris Hopkins when you interviewed him earlier, Heather,
and you asked him a detail question about this policy,
and he said, we'll sort that out in government. That's
what happened with Labor last time round.

Speaker 3 (01:02:55):
The happening with this lot as well.

Speaker 20 (01:02:56):
I agree there was a deadline manifesto, but everything else
they actually didn't have it sorted, and I think as
voters this time around, we have to say that's not
good enough.

Speaker 3 (01:03:07):
Josie, could you get on board of the blueberry as
big as a ping pong ball?

Speaker 21 (01:03:10):
Well, you see, I just what when you say that.
I just see those giant strawberries that taste of nothing.

Speaker 3 (01:03:15):
But yes, I've been buying those things.

Speaker 21 (01:03:17):
Yeah, I want my little crispy tart, little thing, bursting little.
I could do wine reviews.

Speaker 3 (01:03:25):
I'm not into this idea, a big one. Can you imagine?
Can you imagine the damage that's going to do in
your hand bagh?

Speaker 20 (01:03:31):
Well I wouldn't have a fresh blowbery in the handbag.
But I am a huge fan of blueberries. And do
you know what New Zealand blueberries because of our lack
of ozone layer, they have more antioxidants than blueberries anywhere
else in the world because our fruit and veggies actually
create more antioxidants to protect themselves against.

Speaker 3 (01:03:50):
Oh this is why somebody takes weight a blueberry and
then go out in the sun. You won't get some burned. Well,
I don't try.

Speaker 20 (01:03:56):
I don't think that's quite right. But blueberries are absolutely fantastic.

Speaker 3 (01:04:00):
Brilliant girls. Thank you very much appreciate it. Trusherson and
Jose BEGANI our huddle this evening. It's seven away from six.

Speaker 1 (01:04:07):
It's the Heather Duplessy allan Drive full show podcast on
my Ard Radio powered by News Talk zb.

Speaker 3 (01:04:15):
UM. Heather, will it be a co governed sovereign wealth fund? Yeah?
See there, ego, there's the problem, right, that's from Bob
the minute. The minute Laby gets involved with something like this,
you go, yeah, but what kind of weird little things
are you gonna as the government do? It's not going
to be it's not going to be a true, a
true funding mechanism like you or I might have privately.
Chris Bishop is gonna but do you know what, Chris
bus Ship's had a haircut. Chris Bishop has had a haircut,

(01:04:38):
and he looks tidy. Now, I'm not going to explain
the significance of that comment, right, but just mark this
down and we'll talk about this some other day and
I'll say to you, do you remember when I told
you Chris Bishop I had a haircut? That was significant
because so just just remember that. We'll come back to
this in the weeks to come. But it's looking good anyway.

(01:04:58):
He's with us after six we have a little chat
to him about other stuff, not his haircut. I think
this is really fascinating. There are some numbers out about
the number of kids in various well in two specific
cities in Central Auckland and Central Wellington, and the fact
that they have fallen off a cliff, Like the number
of kids living in Central Auckland and Wellington is way
down on what it was a decade ago. So we're
talking about places like what like the you know, the

(01:05:21):
local board areas that cover White to Matar, Albert Eden, Oraqi, Devenport, Takapona.
Between twenty thirteen and twenty twenty three, the decline in
children under the age of fourteen is eight percent. It's
actually eight and a half percent. It's reasonably significant drop
off in Herne Bay and Devenport. It's a drop of
thirty three percent over the ten years. Like that is massive.

(01:05:44):
That's but by the way, if you want to get
into like Bayfield Primary School or Ponsonby Primary School, they
take a lot of out of enrollment kids now out
of his own enrollments because they don't have kids living
mostly in Herne Bay. It's a real problem anyway. Wellington
suburbs of Nio Island and Bay had Tai Tai a
drop off of about twenty percent or thereabouts with the kids.

(01:06:04):
This is not normal in areas outside of the city center,
like in Auckland, Howard, Papacara, High Biscus and Bay's Upper Harbor,
Rodney Franklin, they've had a growth in children and that
age bracket of twenty seven percent. Christ Church, the number
of kiddies is increased by twelve percent. And this is
of course because everybody's moving to christ Church anyway. I
think that that's fascinating. What they think it comes down
to is house prices, Like it is just too expensive

(01:06:27):
to move into Herne Bay. Now if you move into
Herne Bay. If maybe if you're a childless couple, like
a couple of lawyers who don't have kids, but the
minute you got kids and you want to, it's just
far too expensive. That's why it's happening anyway. As I
say Chris Bishop with US Next News Talk ZB.

Speaker 2 (01:06:47):
I don't like bay.

Speaker 1 (01:06:58):
Swear Business meets Insight Love Business Hour with Heather Duplicy,
Allen and Mass for Insurance Investments and Keilie Safer.

Speaker 2 (01:07:08):
You're in good hands News tog.

Speaker 3 (01:07:10):
Senb Evening coming up in the next hour, an z's
chief economist on her disappointment with the government allowing that
class action lawsuit to continue, Shane Solely on the market
reaction to the inflation print today, and Gavin Gray on
whether Prince Andrew will get punished any further. It's seven
past six and standing in for the Finance Minister tonight,
we have Chris Bishop, the Associate Finance Minister, and of
course the Minister for Housing and transport Alobish. Hello, right,

(01:07:33):
I want to talk to you about the Roads of
National Significance announcement today. See you guys are setting aside
half a billion dollars to buy up houses where the
roads need to go. Seem like a lot.

Speaker 5 (01:07:44):
Well, there's a lot of roads.

Speaker 8 (01:07:45):
I mean seventeen roads around the country. We've announced a
lot of investment cases today. They've all gone through the
Transport Agency Board and that's now the next step. It's
then the acquisition, that's consenting, it's designations, that's geotech works.
There's all the stuff you need to do before you
actually build a road. People think you can sort of.

Speaker 5 (01:07:59):
Start it tomorrow. You can't.

Speaker 8 (01:08:01):
You've got to do all this work, I mean relation
to Mount Vick, you know tunnel for example, they're still
that a property purchased to go there's East West Link
and Auklanders and property purchasing to go to widen corridors
and things like that.

Speaker 5 (01:08:11):
So yeah, it is quite a bit of money.

Speaker 8 (01:08:13):
But then when you you know, you put it in
the in the round of the investment we're making and
the importance of these roads, it's you know, itice what
it is.

Speaker 3 (01:08:21):
How many of these roads are going to get told?

Speaker 5 (01:08:23):
The starting point for all of them will be tolling.

Speaker 8 (01:08:26):
That's a really clear government direction that we will we
will look to toll all of them. And the reason
for that is it's a revenue stream. That means the
road can happen sooner than otherwise would it would you know,
it can be brought forward. And then of course it
gives you a revenue stream to cover the maintenance costs
of the roads as well, because once you've built a road,
it's all very well to have it there, but you've
got to look after it as well.

Speaker 18 (01:08:48):
Well.

Speaker 8 (01:08:48):
The toll well, in relation to some of the roads
we've already got told, like the toron Eastern Link from
memory that's a twenty five year toll started in two
thy and ten, I think from memories of about fifteen
years into it, so you roll them out for twenty
five or thirty year period. But I want to be
really clear that tolling's not a magic money tree. Like
people sort of think tolling covers everything in a road.

Speaker 5 (01:09:10):
It doesn't. It covers some of the cost of it,
but it doesn't cover all of it.

Speaker 3 (01:09:14):
Okay, did you like Labour's future Fund.

Speaker 5 (01:09:18):
I thought it was a bit of a brain fart
put to paper.

Speaker 8 (01:09:21):
I mean honestly, like I had a read of it,
like there's more detail in my Uber Eats order than
there is and what they put in their document. I mean, honestly,
it's just it's eleven pages of three of them a photos.
One of them is like something that you take out
of a clip up manual and check on the front page.
I mean, honestly, there's nothing there. There's just literally nothing there.
Reads like chet GPT.

Speaker 3 (01:09:40):
You know it's a crappy idea because what it is
is it's a good idea. The Singaporean idea is a
good idea, but then they hobble it in the way
that only Labor is able to. But do you like
the Singaporean idea that it's based on, which is that
you put all the state assets into a fund that's
independently managed and we don't have an emotional connection to it.
They can sell and buy and do whatever.

Speaker 5 (01:10:00):
It's the it's the opposite of Timisi.

Speaker 8 (01:10:01):
So TMR Sik, for example, allows the assets owned by
the company to be sold.

Speaker 5 (01:10:06):
Labor said they won't do that.

Speaker 8 (01:10:07):
And it also says that you can invest overseas, and
Labor said, you won't invest overseas.

Speaker 5 (01:10:11):
Well, they only invest in New Zealand.

Speaker 8 (01:10:12):
So it's like it's like literally the opposite of the
Temasik model. It's like appalling defamation of the single Poreans frankly.

Speaker 5 (01:10:21):
To say that, it's like, it's not like that.

Speaker 3 (01:10:23):
No, they've taken a good idea and they've they've ruined it.
But do you like the original good idea? Could you
guys do the original good idea?

Speaker 8 (01:10:30):
Well, it's been kicked around a bit in the past,
and you know, I think Shane Jones did a bit
of work on it when he was in government with
later last time. You know, it's not the world's worst
idea and you know, we do want to see investment
grow in New Zealand, there's no no doubt about that.
But this is this is not I mean there's no
numbers to this, there's no detail, there's no policy, there's
just nothing. It's just a pile of words on a
piece of paper, that's all it is.

Speaker 3 (01:10:51):
How are you going to compromise with Act on the
surcharge ban.

Speaker 8 (01:10:55):
We're not intending to change the position the government position
on the surcharge ban. The almost commissions come out and
as drastically lowered the interchange fees that retailers will be paying,
and what we're doing on the surcharge ban is making
sure that those costs get passed on to consumers.

Speaker 3 (01:11:10):
Okay, are you open to get and getting rid of
the BSA?

Speaker 8 (01:11:16):
Well, I think it's worth it's worth having a look
at what's gone on here. I mean I think you know,
I had I saw the stuff over the weekend about
you know, Sean Plunkett's operation and is it.

Speaker 5 (01:11:24):
A broadcaster or is it not?

Speaker 8 (01:11:25):
I mean, look, the problem is the laws just out
of date, right, you know it was it was written
in nineteen eighty nine. I think is the Broadcasting Act
back then you know you had terrestrial TV and you
know Sky was coming, and you know.

Speaker 5 (01:11:37):
Eventually we included that and that was that.

Speaker 8 (01:11:38):
Well, now you know you've got engineers and you've got
the platform, and you've got all these other shows that
so the law is just a bit out of date,
and you know we're going to gold is going to
have a look at it, Paul Goldsmith, and this is
going to have a lot.

Speaker 3 (01:11:49):
Please tell me you're not going to give the BSA
greater powers.

Speaker 8 (01:11:53):
I don't think that's the intention of government policy. No,
I mean it's possible it will.

Speaker 3 (01:11:57):
Be abolished, rolled into the Media Council or something like that.

Speaker 8 (01:12:00):
Well, we're just going to figure out exactly what's happened here,
because they seem to have asserted a power that many
people don't think that they have right and why they've
done that is, you know, unclear Frankly, So gold is
having a good look at it, and I.

Speaker 3 (01:12:13):
Think we weren't giving them enough work anymore. That's the problem.
They were bored.

Speaker 8 (01:12:18):
Do you think, well that people make complaints of the
BSA all the time, you would have believed what people
complain about on TV unbelievable. Oh so they published the
results the complaints sometimes and they deal with them.

Speaker 5 (01:12:30):
People can play.

Speaker 3 (01:12:31):
About all sorts of believe what they uphold. Bish, it's ridiculous.

Speaker 5 (01:12:36):
Now did you like that? You know more about it
than I was, and I do.

Speaker 3 (01:12:39):
Did you like that fresh water pole that came out
last week that said that you were the successor in waiting.

Speaker 5 (01:12:45):
I don't pay much attention to that stuff.

Speaker 3 (01:12:47):
Whatever.

Speaker 8 (01:12:49):
No, I'm just head down, bump up on my portfolio.
I've got seven things, seven portfolios I'm working on.

Speaker 3 (01:12:53):
Okay, So you're not the next National Party prime minister,
then are you? Bish?

Speaker 8 (01:12:57):
We have a prime minister and he's doing a great job,
and we've all just got to get him behind him
and the team and make sure we get the recovery underway.

Speaker 3 (01:13:04):
Okay. Is there any chance that you would be open
to the AA's idea of bumping up the level of
fines that we pay in this country significantly?

Speaker 5 (01:13:12):
Yeah, we're going to have a look at that.

Speaker 8 (01:13:14):
Give you an example, if you go ten k over
the speed limit, it's a thirty dollar fine.

Speaker 5 (01:13:19):
Well guess when.

Speaker 3 (01:13:20):
That level was set nineteen ninety nine.

Speaker 8 (01:13:23):
Nineteen eighty eight. No, yes, so most of them were
set in ninety nine, so you're part right. But the
thirty bucks for going eight k over the speed limit
was set in nineteen eighty eight, which is thirty seven
years ago.

Speaker 5 (01:13:36):
And during that time, well, we're having a look at it.

Speaker 8 (01:13:39):
It was actually part of a piece of work we've
got underway already is to look at the fines and
you lift them because they have got massively out of step.
And you know, I think people, you know, no one
likes paying fines obviously, but you need them there to
make sure that people do keep to the speed limit
and you know, where your seat belt and you you know,
don't look at your phone while they're driving all that stuff.

Speaker 5 (01:13:58):
So some of these things are now wildly out of
and they're miles.

Speaker 8 (01:14:01):
Out of date with you know, say Victoria and in
Australia for example, it's like from memory, it's like five
hundred bucks if you get caught with your phone on Victoria.
And so I'm not saying we're going to head to
that level, you know, but we're going to have a
good look at it, and so that works underway.

Speaker 5 (01:14:13):
Now.

Speaker 3 (01:14:13):
Listen, I've got an idea for you, okay, because I
know you're trying to find money all the time, you know,
and get rid of wastage. How about ditching the fees
free policy.

Speaker 5 (01:14:23):
Yeah, well it didn't work, did it. I mean Labor
put it on.

Speaker 8 (01:14:25):
Do you remember back back in twenty eighteen, I think
it was Chris Hip and said, oh, it's going to
be great, this great progressive move is going to raise participation.
Will numbers actually went down after they introduced it, So
we said that, Well, we did a deal with New
Zealand first and said, look, well let's make it the
third year because at least that makes some logical sense, right,
Like you get kids into university and then you want
to make sure they finish off the third year, which
is you know, your BA or your b com or whatever.

(01:14:48):
So at least your third year makes it makes sense
to keep kids at it because there is a bit
of a drop off, so, you know, no doubt. Well
that's the position at the moment.

Speaker 3 (01:14:56):
But the Ministry they just did a report last week
and they said even that not working and it's just
a dead weight policy. It's literally we're just wasting money.

Speaker 8 (01:15:04):
Yeah, well, it's a form of student support that is
great for the kids who kids keep saying their kids
and not all of them the kids. Great for the
people who get it, students who get it, but of
course there are trade offs with all of the stuff, right,
so it's money that you can't spend on, you know,
for example, improving the overall tertiary education system, focusing on
teaching and research and all the things that you go
to university for. So we actually have one of the

(01:15:26):
most generous student support schemes in the Western world. From memory,
were second in the OECD in terms of student support,
you know, because you've got interest for student loans as well,
and student allowances and interest, you know, grants for students
that aren't inflation adjusted.

Speaker 5 (01:15:41):
So well, let's have a look at it. I'm not
ruling it out.

Speaker 3 (01:15:45):
I like that, Thank you Bush. I appreciate that. Chris
Bishop Associate Finance Minister and Minister of Housing and Transport
as well. It's going to take a look at it.
Happy days. I hate that policy.

Speaker 1 (01:15:53):
Sixteen past six it's the head Duplasy Alan Drive full
show podcast on I Hardread were empowered by news dog
Zibbie Heather.

Speaker 3 (01:16:03):
Very good interview. Chris Bishop is very good. He should
be the leader, Heather. Chris Bishop is way above some
other people's communication skills. Thank you, Cheryl Heather Besh with
a new haircut equals new prime minister.

Speaker 1 (01:16:14):
Mmmm.

Speaker 3 (01:16:15):
Conrad connected the dots that I was in, Well come
back to I don't want to stir in the post
is doing all the stirring. And if you don't read
the post and you want to read some stirring, go
and read the post. They are stirring this one like
you wouldn't believe. But I'm all I'm saying is I'm
not going to stir I'm just going to leave it there.
There's a new haircut. We will well come back to
that in the weeks to come. Nineteen past six. Shane Soley,

(01:16:36):
Harbor Asset Management is with me. Now, hey Shane, hello
you that now what did the market make of that
CPI print?

Speaker 22 (01:16:42):
Yeah, so the third quarter CPIRO is one percent in
quarter or quarter, there is a little bit above the
market expected and a little bit above the reserve back
in his own numbers, but it is at the top
of the reserve banks range at three percent. The key
thing is upside rested and eventuate the mark was a
bit way that we actually could have been high and
really import the core measures in inflation they were pretty stable,
is pection fact slightly lower, So you know, we think

(01:17:06):
the Reserve Bank will look through the cpiding at the
top of the range. We certainly think it's sort of
rear vision stuff for the Reserve Bank and if anything,
it might be released. So interest rates, certainly we're seeing
today's leaves the door open for the Reserve Bank to
cut rates in November. We've got some employment stats in
November that it might be the key to that cuts.

(01:17:26):
But markets interest rates on New Zonale gunment bonds increase
slightly after the CPO release, and the New Zealand share
marker was actually up zero point four percent, led by
a fishing pike or up on airport Mercury contact ryman.
So market was sort of pretty meth about it all.

Speaker 3 (01:17:41):
Was the market surprised by Infratil increasing its stake in contact.

Speaker 22 (01:17:45):
Yeah, that was a surprise. So in Prittil bought another
four point nine percent of contact energy from tect that's
the tower on a Western Bay of Plenty Charitable Trust.
The Infertil team paid just tender four and forty million
dollars or eight ninety five a year for that stop
from TechEd. They used two lndred and twenty million of
cash from existing deck basically and they used another turning

(01:18:08):
twenty million from issuing new in Fatil shoes to TCT
at twelve forty three, so that she increases Infatil shield
into fourteen point three percent. Quite a large increase. Busy
time for Infatil Heather. They've also been roomored or report
surface in Australia camera datas in. This business is about
to do a deal with open II, so they'd be

(01:18:30):
quite a chunky increase in datas in the use. So
we sort of contact share price up one percent to
nine dollars fifteen and the Infidel share price down a
half a percent to twelve thirty seven.

Speaker 3 (01:18:40):
Shan, it's been it's going to be a big week,
a big, big week rather for the annual share holder
meetings and so on. What should we be looking for
here now?

Speaker 22 (01:18:50):
Look any shared of meetings that they are more interesting
than they were in the past. It's a great opportunity
for people to engage with companies. We've got ten companies
reporting this week with two in turns and you're short
of meetings. Today we had a special meeting from Investor,
which is the property owner their resolutions will pass. They're
particularly buying the Silverdale Center and an Aukland from Stride
Property and some changes to its management contract went through tomorrow.

(01:19:12):
Meridian Property for Industry Wednesday for to building, Michael Hill
Still and subed Winton Thursday, Ork on the airport and
scale up and Friday Tourism holdings. And what we're looking
for here is company management teams are pretty pretty cautious
in their outlook statements over the August profit results season,
so we're looking to see if that caution has reduced
some of the economic and trade risks falling away, and

(01:19:34):
whether that green shoots that some companies are talking about
have kept on growing. So yeah, it's an important time.

Speaker 3 (01:19:40):
Yeah very much. So Hey, thanks very much, Shane, appreciate it, Shane,
Solly Harbor Asset Management, Heather, you and Chris Bishop should
get a room. Heather, very refreshing to hear a minister
who understands policy. Happily, We'll listen to you and Chris
Bishop all day long. On you. Thank you. Six twenty two.

Speaker 1 (01:19:54):
Everything from SMEs it's a little big corporates, double business
our where the Heather duple Ellen and Mass for Insurance
investments and Juye safer, You're in good hands news.

Speaker 3 (01:20:06):
Tog said, be yeah, the Chippy's just flying a kite.
Singapore's holding company is called Timarsek Holdings. Its value is
four hundred and thirty four billions Singaporean dollars. It has
fourteen offices in ten countries. The exposure is twenty seven
percent in Singapore, twenty four percent in the America, is
an eighteen percent in China. It has holdings in Singapore Airlines,
Catha Pacific, Black Rock, Visa, MasterCard and Video and on.

(01:20:26):
It goes hardly a government owning assets for the people,
although it does do that. I think I think we've
struck the problem. I mean, at the heart of it.
The problem that Chippy's got here is that Chippy is
trying to get something that is supposed to do one
thing to do the opposite thing, you know what I mean.
Like as as Chris Bishop said, it's the opposite of
Timarsek that he is setting up here. Because Tamarsik is

(01:20:46):
supposed to be independent and just go for it, just
make as much money as possible using government assets. Chippy
wants to play all kinds of funny little games. Hey,
excuse me, did you had to do a quick cough?
The what in the weekend papers the Oxford Union as
in the Oxford Union debating people. They are in a
bit of trouble because they've elected a president. He's not

(01:21:08):
the president yet, he's due to take over. His name
is George abboreone, whatever he has. He's in trouble because
he appears to have been very excited about the fact
that Charlie Kirk has died. He was celebrating his death.
As a result of that, people have started to hold donations.
One person's put a five hundred thousand pound donation on hold,
and also sources have told The Telegraph that as many

(01:21:30):
as forty speakers have pulled out from scheduled events this year,
many of them citing his comments as the reason. And
those speakers include Candice Owens, Calvin Klein, Serena Williams and
Jacinda A Dern, New Zealand's former Prime Minister. Twenty seven
bar six.

Speaker 1 (01:21:45):
There's no business like show business.

Speaker 3 (01:21:51):
As Ryan Adams reckons, he's done with international shows and
if you called his shows here in New Zealand, yea
for you, because it'll be the last of them. He
just finished tour with the three concerts in New Zealand.
His final one was in Auckland on Saturday night. On Instagram,
he wrote afterwards, quote my very last show oversees what
a dream. God bless you Auckland. Now, some fans were

(01:22:12):
a little bit worried because his behavior on stage was
apparently a weadit erratic. So a Wellington concertgoer told Adams'
fans on Reddit that the artist appeared unsettled amidst his performance.
Apparently there were a few drunken rants, and the person said,
I've never seen a performer behave like that before, and
I hope someone keeps him safe tonight. Before he came here,

(01:22:33):
he played in Australia, where he really didn't have a
good time. He described Australia as the worst country ever
every time to play. He says, whatever that means. I
hope that's not a direct quote, because it must be.
He must have been drunk when he wrote that sentence anyway,
But I hated Australia, and let's be honest, if you
go to the northern suburbs of Melbourne, you probably hate
Australia too. This all makes him sound very unhinged. But

(01:22:54):
Carrie's producer Helen was in the crowd on Saturday night
and she said it's not that bad. She said she
he loved it. People just do not get him in
a way that many people do not get drunk men
who are on stage. I don't get drunk men. I
don't like this at all. I don't want to I
don't want to be okay with this behavior. But anyway,
there you go. So it's either one of two things

(01:23:15):
is happening here. Either Ryan got very drunk and sets
of stuff and it's not real. Or Ryan really did
play his last concert in Auckland and you're very happy
that you went there. Anyway, AMC is going to be
with us next. We're going to talk about they've had
the rug pulled out from under them by the government
and they do not sound like they're happy about this.
So let's talk to the two executive newsfuls have been.

Speaker 1 (01:23:39):
If it's to do with money, it matters to you
The Business Hour with Header Duplicy Allen and Mas for
Insurance Investments and Huiye Saber and you're in good hands
news talks. The'd be.

Speaker 3 (01:23:56):
Like when Brian Adams was at the mount Last Hour
he was amazing. Do you know that the boss went
to Las Vegas? This is one of the perks of
being the boss over here. I'm not even talking about
the chief executive, by the way. It was the chief
Audio Chap Jason. He's a big deal. Anyway, he went
to Las Vegas and I text him while he was
in Las Vegas. It was for work. It was for work,

(01:24:17):
And I text him while he was there and I
was like, are you having such a hard time working
over in Las Vegas learning all the stuff that you
had to learn? He just sent me a picture of
himself and Ryan Adams. So he got to meet Ryan Adams.
So there you go. Not only did I mean you
say he was brilliant at the Mount? I believe he
was brilliant at the Mount. He might have been brilliant
in Auckland, but nobody beats Jason, who actually got to
meet Brian Adams. Anyway, what am I saying?

Speaker 7 (01:24:39):
Brian?

Speaker 3 (01:24:39):
His name is Ryan, isn't it anyway?

Speaker 5 (01:24:41):
Same? Same?

Speaker 3 (01:24:42):
Like? That was a That was a bad move. That
was a poor move from him, though, wasn't it to
go out You can change your name to go out
with the name Ryan Adams? When Brian Adams already existed anyway,
I have to talk to you about Debbie. Debbie Debbie
from the Maori Party has Lord blown my mind once again.
So we'll get to that in just to take an
obviously Gavin great with Prince Andrew developments in about ten

(01:25:02):
minutes time. It's twenty three away from seven. Now it
looks like that multimillion dollar class action against A and
Z is going to go ahead. Parliament has basically pulled
the rug out from under the bank seems now unlikely
to stop the lawsuit with the represent our retrospective law
change asb has settled their dispute earlier this month. They're
paying one hundred and thirty six million dollars. The case
against A and Z continues in A and Z's chief

(01:25:22):
executive is Antonia Watson and with us high Antonia, Good
evening header. I imagine you're disappointed by this.

Speaker 23 (01:25:29):
Yes, look first up, we very pleased the law is
going to be changed. Over all, there are a number
of matters out there that are small disclosure errors that
could be subject to very large and disproportionate penalty, so
we please it's been changed. We've of course were disappointed
that we've been carved out. Yeah, that the change in
the law was actually to confirm that the court had

(01:25:50):
the ability to apply a justin equable remedy. So it
feels like we've been carved out from having a just
an equitable remedy applied to us.

Speaker 3 (01:26:00):
This was You wouldn't be surprised by what's happened today,
will you, because it was kind of like the drum
beats had suggested that this was going to happen for
the last few weeks.

Speaker 23 (01:26:10):
It's certainly something that we were concerned about and we
were hoping it, hoping that that fundamental legal principle that
everyone should be treated equally under the law should hold true.
But it isn't.

Speaker 3 (01:26:19):
In it's not treated equally, Antonio. Is that because it's
yourself an ASB who are not protected by this, whereas
there is still the opportunity for other lawsuits to go
against ahead against other banks.

Speaker 2 (01:26:31):
Yeah, Well, the.

Speaker 23 (01:26:34):
Attractiveness of a lawsuit is no longer there because what
the litigation funders believe is or their interpretation of the law,
is that for a minor disclosure error in our case,
we undercharged our customers, and for those sorts of errors,
the customers should be refunded the entire borrow of the
entire cost of borrowing for the parody of the incorrect disclosure.

(01:26:54):
So for an incorrect name, you could find yourself with
a free loan for a year or three years, or
have however long that period lasted. So we're saying, well,
that doesn't We don't believe that's the right way to
interp with the law as it currently stands, but obviously
some do, or we wouldn't find ourselves in the position
of a class section.

Speaker 3 (01:27:10):
There were no overcharges on your.

Speaker 23 (01:27:12):
Part, No, no, We under charge our customers an average
of two dollars a month, and we made good that too.
Then we wrote off their under payment.

Speaker 3 (01:27:19):
Are you going to set all this or are you
going to fight this?

Speaker 23 (01:27:23):
We believe our case is very strong and we're very
confident of our position. But there's a lot of water
to flow under the bridge. Obviously this could go on
for years, and we think we're in a strong, proficient
position to fight it.

Speaker 3 (01:27:35):
So you will fight it.

Speaker 23 (01:27:37):
We are absolutely up for a fight, absolutely right. We
believe that you know, for undercharging our customers. The idea
that refunding the entire borrow cost of borrowing for that
period of time is excessive and is not just an
equitable Listen.

Speaker 3 (01:27:51):
Can I just get this fact right with you? So
what the government, what Parliament Select Committee has ruled today
is the case can go ahead against yourself and obviously ASB,
but everybody else gets the retrospective protection. Is that right?

Speaker 23 (01:28:03):
That's correct? And any other issues that ASBN A and
Z had would get retrospective protection. And one of the
frustrating things about that is that we were very early
on and recognizing this particular issue, fronting with it to
the Commerce Commission, remediating our customers writing off the amount
that they had underpaid, and it feels like, you know,
we're now being punished for being early. There's been cases

(01:28:24):
or incidents arising over that time. I think that up
to thirty in the public domain that we're aware of
across the industry, which is why the law change was
very important and I absolutely support it. But it just
feels like, you know, for us being early on and
recognizing that we had an issue, we're being punished for it.

Speaker 3 (01:28:42):
Yeah, all right, hey, thank you very much, Antonio. I
appreciate your time. That's Antonio. What's the chief executive at
A and Z nineteen away from seven ever due for
ce Ellen web Nadia Wapaka. So debing Nardio Wapaka is
complaining that she is being treated unfairly because she's Maldi,
because she didn't declare to Parliament like she was supposed
to to the properties she owned. So she's on the
front page of the Herald today, by the way. So

(01:29:03):
let me run you through how this played out. Okay,
So a little while back, the Herald just ran kind
of a bit of a look through what all the
MPs are properties they own, and they found that there
were about six MP's who hadn't totally declared the properties
they owned. They had left some off. And those MPs
are Jerry Brownlee Mark Patterson of New Zealand, first, Joe
Luxton of Labor, Damian O'Connor of Labor, and Iis Shaveral

(01:29:26):
of Labor. But of course also debing Nardo were packer
of the Marti Party. So the Herald got in contact
with all six of these MPs. The other five said
to the Herald, yep, here's a statement explaining what happened,
every single one. And here's a statement explaining what happened.
And we're going to fix the situation. The only one
who did not give a statement was debing Ardo were packer,
who went quiet. I think she was originally at a

(01:29:46):
tonguey but the tongue he can only last that long.
And then some other stuff happened as well, and she
didn't talk about it, and she just quietly went and
changed the register and updated it to be more honest
with what she owns. Anyway, as a result, guess is
on the front page of the Herald, Debbi Nadu a packer.
So she then goes on Facebook and complains about it
and says Mary leaders are not allowed to make mistakes. Now,

(01:30:07):
is this what is going on with Debbie? Is this
a fundamental like? Is it a fundamental lack of understanding
of why she's been singled out here? I can't explain
it like either she truly believes that she is being
I suspect she does truly believe that she's being picked
on here. She's not being picked on. The Maori Party, though,

(01:30:28):
seem to have this policy of thinking that they do
not have to be accountable to the media. Now they
don't have to like the media. I don't like all
the media, but they are accountable to the media because
the media are the way that they get their message
out to the public, right or the media are holding
them accountable. Therefore, they have to answer questions so their
voters can see that they're answering questions. If they don't
want to answer questions, if they don't want to talk

(01:30:48):
to the Herald, if they don't want to do interviews,
they will be continued to be singled out. It will,
unfortunately be the case for them. And also, by the way,
I was reflecting on this the other day, because you know,
the Mary part is just like having this massive existing
crisis at the moment, fighting with each other and stuff,
and I thought, and that's devastating to them because they
want to be in cabinet. They will never be in
cabinet if they cannot answer basic questions to mainstream media.

(01:31:12):
As long as they want to do this little media
blackout thing and then complain that it's racism, they'll never
be in cabinet. So as long there is a long journey,
I feel long hiringer for Debbie na Wapaka to he
Koi to get to this understanding, if you know what
I mean. Seventeen away from seven croasing.

Speaker 2 (01:31:30):
The numbers and getting the results.

Speaker 1 (01:31:33):
It's heatherd for Cea Ellen with the Business Hour and
Mas for insurance investments, and QUI safer, you're in good
hands news talks, he'd be.

Speaker 3 (01:31:42):
So the Germans taken, the Germans taken the Ryan Adams
thing up with me because I think I haven't explained
myself sufficiently. I'm loath to go so hard on this
bloody thing, but let me just explain myself, Okay. So
Brian Adams was famous first, right, and then fifteen years
his junior is a chap called Ryan Adams who also

(01:32:04):
wants to be it, but it is working in exactly
the same field. Do you know what I mean? Like,
Brian Adams has a guitar and sing songs. So fifteen
years younger is Ryan Adams, who has a guitar and
sing songs. Is the obvious thing? Not for Ryan Adams
to change one of his names so that we're not
always doing this little thing where we're like, oh, not
wrong one and that Yeah, it wasn't talking about Brian.

(01:32:27):
I was meaning Ryan. Is that not the obvious thing?
What we're we talking about? On Friday, River Bottom changed
his name to what ants River Phoenix. Yes, so you
can change as you would. Yes, wouldn't you though? So
what he should have done is he should have been like,
I don't know, Ryan Diddams or something, I don't know whatever,
Ryan Diddams, Ryan Phoenix.

Speaker 4 (01:32:45):
Yeah.

Speaker 8 (01:32:45):
Ryan.

Speaker 24 (01:32:45):
If you're listening and you need a manager next to
it in New Zealand, if you change your mind, the
head is available.

Speaker 3 (01:32:50):
But it's also complicated by the fact that the music
that ants is really into, which is duffed of. They
often like to take off real musicians' names then and
play on them, don't they.

Speaker 4 (01:32:59):
Oh yeah.

Speaker 24 (01:33:00):
The example I give us a dubstip DJ whose name
is not Beer Grils but has changed his DJ name
as Beer He spells it differently.

Speaker 7 (01:33:06):
Yeah, but yeah.

Speaker 24 (01:33:07):
So when I say I've been to see Beer Girls
live and Consant, people say, oh does he does he sing?

Speaker 5 (01:33:11):
Does he?

Speaker 23 (01:33:12):
Ye?

Speaker 3 (01:33:12):
See It's like when when I was young, I used
to go and see this DJ called Tim Finn, which
was spelled p.

Speaker 24 (01:33:18):
H I n I've seen him before. He great, Yeah,
I've seen Tim Finn. People, why was he playing Tim Finn?

Speaker 23 (01:33:24):
Well?

Speaker 3 (01:33:24):
Yeah, so the anyway, there was a really really and
his first name is David Beattie. Sarah just text and
said his name is actually David Ryan Adams, so he
could have called himself David Adams, but he decided to
make a compliment rest my case. Twelve away from seven
Gavin Gray UK correspondence with us Ello Gavin Good minding
the mate. What about this this theft in Paris? I

(01:33:45):
mean this is like, this is like some some very
exciting spy movie stuff, hasn't it.

Speaker 25 (01:33:50):
Yes, it sure is, and it's actually the latest in
a string of high profile thefts in Paris, and now
questions are being asked about, frankly, the security around.

Speaker 2 (01:34:00):
The Louver Museum.

Speaker 5 (01:34:01):
So what do we know.

Speaker 25 (01:34:02):
We know that a gang of three, maybe four men
wearing hoods managed to use a hydraulic platform, a sort
of elevating platform the type used by removal companies, managed
to park on the street outside the Louver, right outside it,
raised themselves up to the first floor in that basket
that you see on top of the sort of crane thing,
and then used a disc cutter to enter through a window.

(01:34:24):
All this in broad day, like nine point thirty in
the morning, just before the gallery was open. So questions
being asked about, well, hang on, how could they be
allowed to park there. Apparently after the raid they tried
to set far to it but were stopped by a
member of security, and indeed, according to those in authority,
they are saying that the alarms had sounded correctly. Five

(01:34:48):
museum staff who were in the gallery or nearby followed
protocol by contact of security forces, protecting visitors and everything.
But this is extremely embarrassing for the French security services,
for the French museums, and of course, on the way
out we now learn that the a crown of the
Empress Eugeny was taken but recovered damage near the museum.

(01:35:10):
They seemingly dropped in on the way out, and it's
reported to have smashed into seven pieces.

Speaker 3 (01:35:16):
These are all the former.

Speaker 25 (01:35:17):
Sort of crown jewels of France. They are priceless, so
who's going to take them? Well, of course, the answer
is they'll probably be smashed apart in order to get
to the diamonds the sapphires the emeralds on them, and
indeed one of the particular items, that collection of brooches,
necklaces and earrings, one item alone has hundreds of diamonds
on them. So the big question is how on earth

(01:35:39):
is this gang going to get to get rid of
the items, get money for the items as such? But yeah,
bigger questions for how France's you know, jewelry and museum
items are being held securely.

Speaker 3 (01:35:53):
Gavin, what's your take on Prince Andrew and whether him
promising not to use his titles is enough or whether
he actually has to be stripped.

Speaker 25 (01:36:00):
Now there's going to be more pressure on him today.
The book that comes out tomorrow by Virginia Giufrey, who
of course is his main accuser and was I think
it's fair to say the main accuser of Jeffrey Epstein
and her circle. Her book Nobody's Girl, comes out tomorrow,
but we learned today that in it she says she

(01:36:22):
feared she might die a sex slave at the hands
of the late disgraced financier and sex attacker Jeffrey Epstein
and his circle. And it comes out six months after
she took.

Speaker 7 (01:36:33):
Her own life.

Speaker 25 (01:36:34):
And in this memoir we now learn from the book
that she had sex with Prince Andrew on three separate occasions,
including once with Epstein in a kind of orgy, and
approximately eight other young women. Those are the claims Prince Andrew,
who reached financial settlement with Virginia.

Speaker 2 (01:36:53):
Duprey three years ago.

Speaker 25 (01:36:54):
Has always denied any wrongdoing. In fact, he said he
never met Virginia Dufrey and doesn't have any recollection of
those sorts of events. But the memoir is now going
to come out and I think there's going to be
even more embarrassment for Prince Andrew. And I suppose the
only other thing that the King could try and do
is to oust him from his massive thirty room mansion estate,

(01:37:17):
which was done in a very sort of secure contract
way from the late Queen mother.

Speaker 5 (01:37:23):
In Windsor Park.

Speaker 25 (01:37:24):
It's very near the new home of Prince William and Kate.
And we know that Prince William thinks that when he
takes power, becomes king, he is really going to do
his level best a distance Prince Andrew, not just from
the royal family, but from the rest of the family
entirely in a sort of personal manner.

Speaker 3 (01:37:41):
Yeah, it's miserable, isn't it. Gavin, Thanks very much, appreciate it,
Gavin Gray, UK Correspondent. He could kick him out of
the house. He could also take the titles off him,
like he could actually take the titles by law. I
don't know, let's see if that happens eight away from seven.

Speaker 1 (01:37:57):
It's the hitherto per See allan Drive show podcast on
iHeartRadio powered by newstalg Zebby.

Speaker 3 (01:38:05):
Look at this text. Okay, this is from Jeff Hither.
I went to Brian Adams when he first came to
New Zealand in about nineteen eighty two, and he was
supporting the police at Weston Springs, you know, like, you know,
stinging the police, and the people kept telling him to
get off and they wanted the police. In between songs,
he was abusing and swearing at the crowd and promising
never to come back. See Jeff has done it. He's
confused Ryan and Brian. That's like if you had a

(01:38:26):
guy who came into like, graduated from from from broadcasting
school now and his name was Icsking he actually used
that name, would be like, who my Costking?

Speaker 15 (01:38:37):
No?

Speaker 3 (01:38:38):
Icsking? Oh yeah, not confusing.

Speaker 24 (01:38:40):
I mean we've got it backwards though here, because that
guy would would definitely get job interviews, right And so
maybe Ryan, when he was just starting his career out,
was like, oh maybe some festival will book me be like,
oh he sounds like Brian Adams. We can put that
on the poster and.

Speaker 3 (01:38:53):
It fast tracks you. But then you reach it, you
get then you hit the ceiling, and then you switch
to David. Yeah, that's right, and then you become David Adams. Hey,
here's something that is slightly counter to what the accepted
wisdom is. Kiwis are in the top five on a
global rich list. This is per capita. This is the
Aliens Global Wealth Report where they've added together assets. I've
got the financial assets and the real estate and stuff.

(01:39:13):
Just looked at the net wealth. We come in number five.
It goes Switzerland, the US, Australia, Singapore, then US. We
have about six hundred thousand dollars worth of assets media
and I think or average or whatever. Singapore though about
double that, about one point two. But we beat the Netherlands, Denmark, Canada, Belgium, Journey, Germany, Sweden, Austria,
blah blah blah blah blah. That interesting. And the majority

(01:39:35):
of our wealth is real estate. So we're not as
poor as I always think we are.

Speaker 24 (01:39:39):
And fire in the flood by vance Joy to play
us out. So vance Joy has been announced as one
of the support acts for Ed Shearon for all his
New Zealand shows. He's an Aussie singer songwriter and definitely
in the same sort of vein as Edd Sharon, So
if you're going, you probably want to go along a
bit early and see his said as well. There's a
couple of other support acts as well, Mia Ray, she's
also an Aussie singer, and Burr as an all female

(01:40:01):
Irish trad as in traditional supergroup. So yeah, look it's
like a mini.

Speaker 3 (01:40:06):
Festivals trad supergroup, trad supergrip. That's what.

Speaker 22 (01:40:09):
That's what.

Speaker 24 (01:40:09):
That's the press release that's really called.

Speaker 3 (01:40:11):
I didn't make that up, okay, Heather. He is so
sensitive about being called Brian Adams. Someone once yelled at
him play Summer of sixty nine and he stormed off
stage and wouldn't come back. Do you know what, Can
I just say shout out to muz Muzz enjoyed the
show so much he took his ear pods into the
shower today and he loved listening to Chris Bishop, just
saying Chris Bishop's got a new haircut. See you tomorrow.

Speaker 1 (01:40:53):
For more from Heather Duplessy Yellen Drive, listen live to
News Talk sai'd be from four pm weekdays, or follow
the Podcas asked on iHeartRadio

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