Full Show Podcast: 26 February 2025

Episode Transcript
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Speaker 1 (00:03):
Digging through the spins spence to find the real story,
or it's Ryan Bridge on hither do for see Ellen
Drive with one New Zealand let's get connected news talks.

Speaker 2 (00:13):
They'd be seven after four, Good afternoon, Paul Goldsmith. He's
going quite hard on the citizens arrest issue, but the
retail in z group offside. Ten thirty tonight, Winston Peters
meets his Chinese counterpart in Beijing. We're across that less wine,
more beer, New boos stats out and after six I'll
interview my boss about Enzedme's results today.

Speaker 3 (00:34):
Bryan Bridge.

Speaker 2 (00:36):
So the government's done the right thing and given us
the people more power to deal with crooks and thieves.
We told you last night this would happen with Mark
Mitchell on the show, and today they've made good. You
can now well you will soon be allowed to make
a citizen's arrest on somebody who's nicking from your shop
at any time of the day or night, and it
doesn't matter how expensive the item is that they're stealing

(00:58):
from you. He'll be allowed to use reasonable force to
detain somebody, and you can use restraints to tie them
up if you need to as well. Seems reasonable The
reason retail crime is shot up, by the way eighty
five percent between twenty nineteen and twenty twenty three, is
because we let it. Everybody's got a story about seeing
some dick waltzing out of a supermarket with a trolley

(01:21):
full of groceries not paying for them. My partner watched
a guy at our local countdown do this. He has
all the good cuts of meat in his trolley, he's
got booze in the trolley so full it's overflowing, walks
straight out the front door. The security guards, the shoppers,
the staff, everybody just watching him leave. Some even made

(01:43):
space for the guy. And the irony of the story
is the guy had a gammy leg. He couldn't even run,
so here he is limping his way through the car
park where a car was waiting from on the side
road to take him away. And the sad thing is
he didn't need to run because no one case them,
No one really did anything. Did the cops follow up

(02:05):
on this incident? I don't know, because there's so many
How would they possibly follow up on all of the
theft and retail places that occur these days, which means
probably zero consequences. You can walk in, you can take
what you like and you can walk out. It's quite simple,
it's quite easy, and hey, it's free. So it makes
sense that you give more powers to shop owners to

(02:27):
stop this while it's happening. But here's the problem. The
dairy owners will use these powers, but the big supermarkets,
the department stores, the warehouse they won't why health and
safety regulations. They're worried the thieves will pull a knife
out and hurt someone, and you can't blame them for that.
Their hands are tied by a different law. So the

(02:48):
problem won't go away. But at least those poor dairy
owners and small business owners have the option only if
they want to to fight back against the thieves.

Speaker 3 (02:58):
Spray and bread.

Speaker 2 (03:00):
Nine after four nine ninety two is the number to
text kids in state here are getting the bash from
staff at ordering a tamadiki and abuses on the rise
and you report by the Independent Children's Monitor found that
some shocking results, nine percent of kids and young people
are being abused for five hundred and seven young people

(03:20):
in twenty twenty four. That's up from four hundred and
ninety seven and twenty twenty three, which was up from
four hundred and fifty nine in twenty twenty two, which
means the numbers going up. Aaron Jones is the chief
executive of the Independent Children's Monitors, with me Hi erin
Thank You, Good to have you on the show Why
Kids Been Abused in Care?

Speaker 4 (03:43):
Well, where the abuse is occurring disproportionately is young people
that are in those secure Youth Justice residences, and that's
predominantly young people hurting other young people. And the other
area where you're seeing disproportionate harm as young people that
are still in state care but they're returning home.

Speaker 2 (04:03):
Right, So what proportion of the five hundred incidents you're
talking about, what proportion were at the hands of another
inmate for want of a better term, and what proportion
from a family member, and what proportion from the auditing
a Tamadiki staff.

Speaker 4 (04:20):
Yeah, Look, the majority of harm and those, like I said,
in the Youth Justice residences is from other young people.
And I think you know, we had a couple of
years ago a review that was done by Mike Bush
into the residences and what he's called for is the
need to have more experienced staff, better support supervision for
them so that they're able to address these behaviors of

(04:43):
young people. They're in the residences in the right way
to actually prevent the harm occurring in the first place.

Speaker 2 (04:49):
Right now, and listen, the ones in the residence is
they're there because they've done something wrong, right, and they're
getting hurt. They're hurting each other.

Speaker 3 (05:00):
It's correct.

Speaker 2 (05:01):
I mean, how do you stop that? If you've got
bad kids and they're all in one place, It's going
to happen, isn't it.

Speaker 5 (05:06):
Well.

Speaker 4 (05:06):
I think there's a couple of answers to that question.
The first is one I just explain, is actually having staff,
qualified staff that are able to cope with complex behaviors
and actually prevent the harmer caring. Now, the second part is,
which is what our report speaks to, is the need
to improve the quality of state care so that kids
needs are addressed. Now, what you see as kids that

(05:28):
are coming into Youth Justice residences are more likely to
be care experienced. And what we're saying is unless you
actually do the right thing by these kids who are
coming from broken homes, who have suffered abuse and neglect themselves.
Unless you're doing the right thing to care for them,
what you'll see is negative outcomes, which includes committing crime
and actually turning up in residence in the first place.

(05:51):
Use a couple of things that we can do better.

Speaker 2 (05:52):
You said that there are children who are going back
to their families, obviously going back too early, who have
been abused at home again being retraumatized to home. Why
were they being sent home in the first place. Are
you saying it? You know, sorry, not you, but it's
ordering a tamareki sending kids back home too soon.

Speaker 4 (06:08):
What they tell us is these are often older kids
that are in care and either their home or their
placement breaks down and there's a need to find an
emergency home for them, and that could be taking them
back home to their their parents, or it's young people
that are voting with their feet, so they no long
want to stay with their care provider, and so they
are going back home. And what we're saying in this report,

(06:29):
and we called this out a couple of years ago,
is that the supports aren't there in place for those
families and for those kids in the circumstances. So a
lot of these returns are happening in an unexpected or
unplanned way, and the frequency with which social workers are
visiting the families is low, and the families themselves are
telling us that they're not always ready for their young
people to come home. They haven't done the things that

(06:52):
they need to do to be able to care for
these young people in the right way. And so there's
a real opportunity here for ordering a tamariki to focus
in on these young people that are returning home, making
sure that they are supported and kept safe so that
the harm does not continue to occur.

Speaker 2 (07:07):
All right, Aaron, thanks very much for your time. Aaron Jones,
who's the chief executive at the Independent Children's Monitor. They've
got their report out today and it's, I have to say,
pretty grim. Reading. Fourteen minutes after FOURIGN News Talks, saib
B Martinanu is signing on with the French Club at
the age of forty two, which is quite old for
rugby player Darcy water Grave here on that.

Speaker 1 (07:26):
Next, it's the Heather dupers Allen Drive Full Show podcast
on iHeartRadio powered by News Talk Zebby.

Speaker 2 (07:35):
It has just gone on sixteen seventeen after Foreign News
Talk said b Ryan, we had the retail team members
in our group stabbed and physically assaulted while trying to
perform a citizen's arrested is very dangerous, says Ben. This
is the government's changes they've announced today, basically making it
easier for you to make a citizen's arrest of someone's
stealing from a store. It's a very good point. It

(07:56):
is a dangerous thing to do. The point is you
don't have to do it right, so that no one
is forcing you to make a citizen's arrest. But if
you choose to do it, you won't be criminally liable
for doing so at different hours of the day and
for different amounts of good stolen. Just gone seventeen and
after four Paul Goldsmith here after five on that Crayon
Bridge charsis here with sport.

Speaker 6 (08:15):
Hey, Darcy, Hi, that's alarming.

Speaker 2 (08:19):
Somebody getting stabbed, certainly is.

Speaker 6 (08:21):
But they are like the ability to say I'm putting
you onto citizens arrest based on what.

Speaker 2 (08:26):
On the shopkeeper. So if the shopkeeper sees somebody stealing
something from their store, that you can actually do it
at the moment, and you'll you'll be sort of exempt
from criminal or civil liability. But they're changing that so
any time of day and for an item worth any
amount used to be more than a thousand dollars do

(08:47):
is that.

Speaker 6 (08:48):
They're carrying handcuffs now, and so they can prove it,
they take photographs of a packet of biscuits that you flop.
It opens up a whole ness, doesn't it. But anyway,
that doesn't matter. It's not sport. I shouldn't bother them
out politics.

Speaker 2 (09:01):
This is the great thing about politics. Everyone's aladin opinion.

Speaker 6 (09:04):
They are apparently, I've got to stick to sport because
I'm the human being. I don't have opinions on anything
except sport.

Speaker 2 (09:11):
Well, lucky, we've got a lot to talk about. So
martinu is signing on is forty two? Yeah, forty two
is very old for a rugby player, isn't it.

Speaker 6 (09:18):
Who's old enough? You don't tend to last that long.
I mean Brad Thorn, he was probably eighty five before
he retired, but he was a freak show year forty two.
He's going back too long. But this guy shows no
sign of abating when it comes to what he brings,
and you look at the end of his All Black career.
He bowed out twenty fifteen World Cup after a virtuoso performance, Like, man,

(09:39):
we don't want to lose this dude. He's been around
since what I think two thousand and three was the
first World Cup he played at. But he's carried on.
He'd be going back to too long again, been there before.
It's the French top fourteen professional league. I think there'll
be a lot of eyeballs on that. Now he is
an absolute weapon.

Speaker 2 (09:55):
Now his injuries whole injury wise holding.

Speaker 6 (09:57):
Up well, plainly it's okay because he's coming in as
an to replacement for a couple of You think he
trains well, eats well, and there he is. I mean,
injury can hit any professional sports regardless. I mean some
of them do it. They cut their hand when they're
Corey Webster opening an avocado once and sliced his hand.
He was out for a while, go figure, So yeah,

(10:19):
it can't happen.

Speaker 2 (10:20):
Is that why Dan Hookers had to pull out of
his knees?

Speaker 6 (10:23):
Yea, his hand a bit of a fracture in there.
There was training and he smacks someone on the bomce
and cracked his finger. So he's not so goija, he's
not going to be fighting. But Dan Hooker's star waned
to a degree. But now it's right back on the
way up again. So this is an interruption I think
a fan favorite fight Hooker and Gaija Dan Hangman. Hooker

(10:45):
is an odd character. He gets almost an unhealthy kick
out of the violence of the unleashes in the octagon's
every time around him a massive kick.

Speaker 7 (10:54):
Yeah, he is a.

Speaker 2 (10:55):
Funny one to interview. I had him in the studio
once and when I was doing tally and it was
he was quite scary. Yeah, he was quite quiet.

Speaker 6 (11:04):
And now he's covered in ink so he looks even scarier.

Speaker 2 (11:07):
Yeah, but you know he's always nice to me.

Speaker 6 (11:09):
You'll give him that.

Speaker 2 (11:10):
Just a photo of him, even at every shop front,
should be enough to put the thieves off. Darcy. I
would have thought, who needs the well now?

Speaker 6 (11:17):
Or maybe they can have a photo up for the
shopkeepers so they can get the required unis to actually
do it themselves.

Speaker 2 (11:23):
Exactly all right, Darcy will see tonight. Darcy water Grave
was sport. It is twenty after four news talks. Heb
lots to discuss. Come out here. I'll tell you about
Donald Trump and why Zelenski is going to Washington.

Speaker 3 (11:37):
Checking the point of the story.

Speaker 1 (11:39):
It's Ryan Bridge on either duplicy Ellen Drive with one
New Zealand.

Speaker 3 (11:44):
Let's get connected news talks.

Speaker 2 (11:46):
B twenty three minutes half to four Ryan easy fixed.
This is in regards to the citizens arrest of facial
recognition cameras, liaise with wins et cetera. Cut the benefits,
the acc the family support if they steal anything from
a super market, says Steve, that's one way to deal
with it. I suppose we'll talk to Paul Goldsmith about
those changes after five o'clock tonight. Interesting the story out

(12:07):
of Denmark. So Denmark, you know, we banned mobile phones
and schools, and to be fair, there were a lot
of academics, even which you think they would be in
favor of banning something because they love to ban things.
They're big wowser's. But when it came to the mobile
phones in schools, they said, oh, you know, Jerry's out anyway.
Now even Denmark is following our lead and is banning

(12:29):
mobile phones and schools and even after school clubs, you know,
you have like your reading recovery, or you have your
sports clubs or something like that, phones are banned from there.
They actually have a commission that's set up to look
into this and they reckon that any child, anyone under
the age of thirteen shouldn't have a smartphone or a

(12:50):
tablet at all, so not even at home. Now that
part they won't be making law because obviously, how are
you going to police that when it's in someone's hot,
private home. But they found the evidence says children should
not have a smartphone or a tablet until they are
at least thirteen years of age. Same goes for a

(13:10):
French report by some academics. They found a smartphone shouldn't
be in the hands of a thirteen year old. It's
just not good for their health. So then you go,
how old were you when you're how old do you
give you? How old do your children need to be
before we give them a smartphone? Twenty five after four
Ryan Bridge, so Donald Trumps announced a new gold card
that rich people can buy for five million dollars and

(13:32):
they can get citizenship.

Speaker 8 (13:34):
We're going to be doing something else. It's going to
be very very good. We're going to be selling a
gold card. You have a green card. This is a
gold carde. We're going to be putting a price on
that card of about five million dollars and that's going
to give you a green card privileges. Plus, it's going
to be a route to citizenship, and wealthy people will

(13:56):
be coming into our country by buying this card. They'll
be wealthy, and they'll be successful, and they'll be spending
a lot of money and paying a lot of taxes
and employing a lot of people. Never been done before
or anything like this.

Speaker 2 (14:07):
He was then asked if Russian oligarchs would be eligible
for the card.

Speaker 8 (14:11):
Yeah, possibly, Hey, I know some Russian oligar eccent in
those people.

Speaker 3 (14:16):
It's possible. They're not quite as wealthy as.

Speaker 8 (14:21):
They're not as wealthy as they used to be.

Speaker 3 (14:24):
I think the I think they could afford five million.

Speaker 2 (14:27):
Dollars is outrageous anyway, So Donald Trump has invited lotimre
Zelenski to the White House. Apparently there will be a
deal signed. You know, we've been talking for ages about
the minerals underneath the Ukraine. Well, apparently finally the rare
Earth minerals deal. They finalized the details and it should
be signed at the White House on Friday. Dan Michison's

(14:49):
that correspondent. He's with us after news talk about well,
not just the deal but the Gold card.

Speaker 7 (14:58):
Ah.

Speaker 9 (15:05):
When you're not you with me, I'm falling Apollo in
fun Cadele.

Speaker 10 (15:15):
See your Mandy or me.

Speaker 9 (15:28):
You freaking the hard baby the lesson.

Speaker 1 (15:38):
After making the news, the news makers talk to Ryan first.
It's Ryan Bridge on Hither Duple Sylan Drive with one
New Zealand let's get connected news talks.

Speaker 3 (15:49):
It'd be in the pieces of Max.

Speaker 9 (15:57):
Step for your face.

Speaker 11 (16:01):
Good afternoon, twenty five away from five year on news
Talk z'b so At ten thirty tonight in New Zealand time,
Winston Peters is going to meet with his Chinese counterpart,
the Chinese Foreign Minister, and they're going to talk about well,
you imagine a whole bunch of things, including trade.

Speaker 2 (16:15):
Including defense, and probably those three Chinese warships that are
off the coast of Australia right now. I would imagine
that's going to be on the menu. And apparently they've
now entered Australia's easy Exclusive Economic Zone, which doesn't mean
that it's it's not Australian waters. It's still technically international waters.
It's just that the seabed, the stuff that's underneath the water,

(16:38):
Australia has an economic claim to. Basically they can fish it,
they can mine it or whatever. So is it a
huge development, not a massive development? But still quite significant.
And we're going to talk to an expert after out
of Australia actually after five tonight, just to find out
a little bit more about what's going on and their
reaction on that side of the Tasman. Also a bit
more about what Winston Peter's will be discussing this evening.

(17:02):
It is twenty four to two five.

Speaker 3 (17:04):
It's the world wires on news dogs. He'd be drive.

Speaker 2 (17:08):
So there's minerals for security swap deal. The details have
apparently been ironed out, and now Trump is preparing to
welcome Vladimir Zelenski to the White House at the end
of the week.

Speaker 8 (17:18):
I hear that he's coming on Friday. He certainly it's
okay with me if we'd like to, and he would
like to sign it together with me, and I understand
that it's a big deal for a big deal.

Speaker 2 (17:27):
Dutton's bank woes continue, the opposition leader in Australia saying
he didn't have any inside information when he bought those
shares before a big bailout during the GFC, so having
cleared that up, the governor has attacked Peter for his extensive,
multimillion dollar portfolio of twenty six properties. Here's how a
frustrated Dutton responded to.

Speaker 12 (17:48):
That, I'm not going back into ancient history. I've only
ever acted with integrity. I mean they've trolled through every
transaction of my life for mine time, our adult life,
and they've come up with the fact that we've bought
and sold properties.

Speaker 2 (18:05):
Yeah, that's the big thing in Australia. Everybody goes he
was a queens, saying cop, how is he so rich?
Including labor? It seems finding this afternoon.

Speaker 13 (18:12):
By my lover, good bye, my friend, you have been
no one.

Speaker 3 (18:19):
You have been no one.

Speaker 2 (18:20):
For an unexpected twist in the asteroid saga, the City
Killing Rock, which had managed to make its way up
to a three point one percent chance of hitting Earth
in twenty thirty two, has dropped all the way back
to a zero point zero zero four percent chance overnight.
We can all sleep sounding now. NASA says the asteroid
still has a one point seven percent chance of hitting

(18:43):
the moon, But who cares about the moon?

Speaker 1 (18:46):
International correspondence with Ends and Eye Insurance Peace of mind
for New Zealand Business.

Speaker 2 (18:52):
Twenty two away from five Damn. Mitchtrom's a US correspondent Dan,
Good afternoon, Hey, Rayan, Good afternoon. So do we know
what exactly is in this deal with Ukrame?

Speaker 5 (19:01):
Well, I mean, there's things that are starting to leak out.
We know that at least according to a number of reports,
it's about five hundred billion dollars worth of mineral rights
and natural resources over there. And the President today didn't
confirm that an agreement had been reached, but he said that,
you know, if this deal does go forward, that Ukraine

(19:21):
would get the right to fight on you know, he
said they were brave. He said without the US and
the money and military equipment we're providing, the war would
have been over in a short period of time. So,
as we understand it, President Zelensky will be coming to Washington,
he'll be here on Friday, and they will sign this
this agreement.

Speaker 2 (19:41):
And is this deal separate to any pace deal that
might be negotiated with Russia, because you know it conceivably
could you have this deal, the mineral deal in place
and the will continue with American backing.

Speaker 5 (19:55):
Well, that's a good question. I think that's what we're
waiting to find out. Because the President was asked whether
we're going to continue to supply you know, equipment and
AMMO to Ukraine and he said, well, maybe until we
have a deal with Russia. He says, we need to
have a deal otherwise it's going to continue. So if
I was Ukraine and I was coming over here, and
I was President Zelenski signing this, I'd still be a

(20:15):
little leary about what I was getting myself into, saying, well,
wait a minute, we're signing this, But you're also saying
at the same time, this is good until we get
a better deal.

Speaker 2 (20:24):
Dan the DOGE, the Department of Government Efficiency that Musk
is sort of in charge of, they have canceled a
whole bunch of contracts, government procurement contracts. Nearly forty percent
of them are expected to produce no savings.

Speaker 3 (20:39):
Well, yeah, and the.

Speaker 5 (20:40):
Reason is, and there's been a big claim by the President,
by Elon Musk too, that they're they're making these these costs,
these cuts, and they're not expected to save the government
any money at this point. And this is according to
the administration's own data. And that's because these contracts had
already been obligated, which means the government has, you know,
a legal requirement to send them money or the funds

(21:01):
for the goods and services that it purchased, and in
many cases it's already done so. So despite the billions
that Musk says the government saving over here are cutting,
it's sort of a shell game at this point. I
think a year from now, or maybe the next round
of budgeting and budget talks, that's going to give us
a little bit better, maybe more of a transparent idea
of the real savings.

Speaker 2 (21:23):
The culprit behind a disturbing government TV heck, this is
the Trump Well was he licking the toes, touching.

Speaker 5 (21:31):
He was kissing. He was kissing the feet of Evon Musk.
And it was an AI generated video. I got to
tell you, though, Ryan, I mean, AI is so realistic.
I mean, I don't know how many times I've watched
this and a few other videos and you're like, it
just looks so real, and it's gone viral. It was
playing on unauthorized TV monitors at the US Department of

(21:53):
Housing and Urban Development, and it was calling Musk the
real King.

Speaker 3 (21:58):
And I think it was.

Speaker 5 (21:59):
A reference to to President Trump calling himself the King
after he claimed to kill a congestion pricing program that
was in New York City. But I mean, tens of
millions of people have already watched this. It's unclear how
the footage kind of got on all these cafeteria television screens.
But a spokesperson for HUDD says, you know what, this
is another waste of taxpair dollars and resources and the

(22:21):
person responsible is going to be well is out of
a job. But yeah, I don't know how many taxpair
dollars was actually, you know, went into this, or if
it was just somebody with a little too much time
on their hands.

Speaker 2 (22:33):
It sounds like a job for doge Dan. Thank you,
Dan Mitchison. Now you'ves correspondent just gone eighteen minutes away
from five on news talks'd be this text from Peter.
I were reading the full Ryan funny how everyone laughs
at Trump when he proposes his ideas, all claim the
ideas are outrageous and can't work, but then they go
all silent when the ideas actually do work. Give the

(22:53):
man his due credit, Peter, I think you do have
to give the man his credit where it's due, and
in a lot of cases it is justified. And an
example of that has come out of the UK today
where Sir Keirs Starmer, the British Prime Minister, on his
way to Washington for his first big meeting at the
White House. Is wanting to brown nose ahead of his arrival, right,

(23:15):
and he knows the way to Trump's heart is through
his wallet. So he's got it out and he's increasing
defense spending there by zero point three percent of GDP.
And you might go around point three percent is not much,
but that's sixteen billion dollars out of a budge a
very tight run budget in the UK, so it is
not to be scoffed at. And you have to say,
on that score, if the goal is to get European

(23:37):
countries spending more on defense, then Donald Trump has succeeded
seventeen away from five Barry sopernext.

Speaker 1 (23:44):
Politics with centric credit, check your customers and get payments, certainty.

Speaker 2 (23:48):
News talks thereb it has caught it to five Barry
soapers here has seen their political correspondent for news talks
there be Verry. Good afternoon, Good afternoon, Ryan, Great to
have you here as always. Now the powers of how
do you feel about these powers of arrests?

Speaker 7 (24:00):
Yeah, I'm not sure. I mean most countries in the world.
I looked up and had a look at doctor Google
and he tells me. Most countries in the world do
have a certain power of arrest for people in the
community to stop other people. But you know, people can
put themselves at risk. That is the thing that worries
me a bit. And the cops have always said, you know,

(24:23):
don't take the law into your own hands when it
comes to dealing with crime in particular. And some of
these people that walk into supermarkets are really pretty barely
looking guys. I mean, if it was Goldris Garriman, for example,
you remember she went into a shop and they asked her,

(24:44):
They asked her to open a bag, and she refused
and walked out. Well, you know I'd be game enough
to actually grab the bag and have a look in it,
which you could do under these.

Speaker 2 (24:54):
Because I agree with you. I think you don't want
your default position to be everyone attacking everyone one right,
But at the same time, when retail crime goes up
eighty five percent over the five year period, you literally
don't have enough cops to two.

Speaker 7 (25:09):
Point seven billion dollars a year is lifted from retailers
around this country, which is shock.

Speaker 2 (25:15):
You'll never have enough cops to fix that.

Speaker 7 (25:16):
And I heard your take on and I'll tell you
what Paul Goldsmith, ad Minister of Justice. He says he's
familiar with the way supermarket thieves operate and.

Speaker 14 (25:24):
I've experienced myself on a couple of occasions with people
just walking out of the supermarket, chased by security, but
ultimately they're not able to do anything and they just
have to watch while they take all their stuff out
of the trolley, put it into the car and drive away.
And it's not right. This change will force nobody to
do anything in terms off they don't want to. If
a business is concerned, if they have a policy that

(25:46):
they don't want to intervene in any circumstances, well that's
up to them, or we're providing here is some tools
that people can use if the circumstances are right.

Speaker 7 (25:54):
And like I said, if it was a Garriman case,
you would do it, but you know, I think you'd
be reluctant to do it it was a big burly
guy walking out with a loaded supermarket trial, how would
you tackle them and hold them there until the police came.
I mean, they are tools that clearly the retail industry
wants because Sonny Kershaw and people like that were on

(26:16):
that advisory group and these are the sorts of things
they've come up with, so they feel powerless. But I
don't think the law would stop them from apprehending somebody
even the way it stood. But nevertheless, it just makes it.

Speaker 2 (26:30):
Clear, clear it all up. It's interesting because I think
the dairy owners who are whose goods that are being stolen,
it's their property, they will use it. But your health
and safety mob at the supermarket won't be interested in
tackling it.

Speaker 7 (26:45):
And that is a real issue. I mean the Labor Party,
they've sighted the police saying don't take the law into
your own hands, and that's fair enough. I think that's
quite true. The police would say that, and the CTU,
that's all. They are all very upset about it. They
say it's got serious implications for worker safety. Well, you know,

(27:05):
we know all that, but it just gives them an
extra tool of the toolbox.

Speaker 2 (27:10):
I guess now the Cooks Prime Minister, sorry tourism will
talk tourism. So we've got all this numbers.

Speaker 7 (27:15):
Yes, it's lovely, isn't it.

Speaker 2 (27:16):
Great numbers?

Speaker 3 (27:17):
Yeah.

Speaker 15 (27:18):
I mean you.

Speaker 7 (27:18):
Look at tourism stats in New Zealand came out today
and they show that tourism expenditure in New Zealand forty
four and a half billion dollars for the year ending
March twenty four, which is quite extraordinary really. And you
look at overseas visitor expenditure here that increased by six
point three billion bucks. So people are coming the pre

(27:42):
COVID levels they're returning to and it's great for New
Zealand to see more tourists coming in here and that
is the road back to recovery for this country. It's
the second biggest earner at the moment of foreign exchange,
will it It could in fact be the biggest earner
before two law she'll get.

Speaker 2 (28:00):
Back to number one. Yees. Now the cook's PM, Mark Brown,
he's written to Luxe and what's he saying.

Speaker 7 (28:05):
Well, the PM's office not telling us what the leader
actually says, but as I understand it from talking around
the BEHA today that what the Mark Brown says to
Chris Luxon is that, look, we'd like I'd like to
get together with you for a one on one meeting.
And you know, it's a bit like putting the horse
off of the cart when you think about it, because

(28:28):
surely he should have done so before he signed mining
deals in particular, with the Chinese. It's funny, Ryan, I
think back to the time that we saw the original agreement.
You and I talked about it on air and said
we'll hang on it doesn't see seems pretty it more
to this meets the eye, and there was much more
to it. And I think certainly Mark Brown has got

(28:49):
some explaining to do. He faced a vote of no
confidence in his parliament today. But look the opposition of
the twenty four members of parliament. They've gotten the cooks.
The opposition make up eight members, so really that they
were on hiding to nothing to try and get rid
of them.

Speaker 2 (29:05):
All right, Barry, thank you for that. Great work is
always very so for senior political correspondent here at News Talks,
there'd be it's nine minutes away from five, Paul Goldsmith
on those changes, by the way, we'll have them live
after five, and I'll put from the concerns from Retail
and z who say some they literally said someone will
be killed, quite strong words from them. What will Paul say?
That's after five?

Speaker 1 (29:26):
Putting the tough questions to the newspeakers, the mic asking breakfast.

Speaker 16 (29:30):
All of the Policemanister Stuart Nash is with us. First
of all the two percent decrease in violent crime. Would
you conceive, despite your political background, that some of what
this government is doing actually might be working.

Speaker 17 (29:40):
Could be sided Keeping in mind Mike I was at
Police Minister. There's increased police numbers by eighteen hundred scot
throw that in that.

Speaker 16 (29:45):
Yeah, but stats are the stats, and a violent crime
is coming down. That's a win, isn't it.

Speaker 3 (29:49):
It's interesting.

Speaker 17 (29:49):
But what we're talked about said some to rest. There's
retail crimes going up by about twelve percent, and you've
got these keywis who are working with Gloody hard making
speak often not making that much money because cues are
spending a lot of money online and then his miss
Grim's coming in stealing from them and they don't have
the ability to do anything that's crazy.

Speaker 16 (30:06):
Back tomorrow at six am the Mike Hosking Breakfast with
the Rain Driver, The Laugh News Talk ZB.

Speaker 2 (30:11):
It is six minutes away from five. Drake has discanceled
his two shows in New Zealand. You will be absolutely
devastated to find out they were planned for later sorry
next month. He was done as Australia show Australia shows
and then he's just pulled out of our ones. Not
quite sure why this stage has just come through, but
you go. Drake's canceled his concerts. He does a song
called Hotline Bling for those who are familiar with it,

(30:34):
and he's dated pretty much every female celebrity you can
put your you can think of, he would have dated
them at some point. He's quite famous for doing that.
Five Away from five now Bryan Bridge, David Seymour has
come out and made comments and I at this point
I just put my head in my hands because.

Speaker 18 (30:52):
There's a wake up call that we need to invest more.
And personally, I actually think that the Chinese have made
a tactical error because they have alerted the New Zealand
public that the world is changing.

Speaker 2 (31:05):
So this is the deputy prime Minister, sorry, the acting
Prime Minister's comments because obviously Winston is away in China
and our Prime minister is over in Vietnam, so David's
in charge. These are his comments at a stand up
this afternoon that he calls to talk about China and
the fact that we've got the three navy vessels off
the coast of Tasmania. Any comments about China need to

(31:28):
be very very carefully thought through and they probably need
to go through not just the im FAT but the
Minister of Foreign Affairs. You would want to have a
chat with him just to check on our language that
we're using in relation to China. He is the acting
Prime Minister, and I don't know, using the word tactical

(31:51):
error will embarrass the Chinese. And the last thing you
want to do to the Chinese is embarrass them. I
don't know. I just think he needs to be more
careful than that. Sorry. Coming up to three minutes away
from five here on News Talks, there'd be Paul Goldsmith
on the changes to citizens arrests. He's up after the news.

Speaker 9 (32:10):
Come see so please three more colors, guys, all.

Speaker 19 (32:29):
Listen to noting.

Speaker 3 (32:32):
I don't I.

Speaker 19 (32:39):
Say, we can't say we can do only a.

Speaker 3 (33:05):
Don' aw it cardies not to sell. I just alone away.

Speaker 1 (33:17):
Questions, answers, facts, analysis, the drive show you trust for
the full picture. Brian Bridge on Heather Duplicy allan drive
with one New Zealand Let's get connected.

Speaker 3 (33:29):
News Talks B.

Speaker 2 (33:31):
Good evening, just gone seven after five News Talks. B.
The government's tackling retail crime quite literally, making laws more
favorable for people, making citizens arrests. Changes would allow you
to intervene and stop any crimes act defense at any
time of day, while also removing the value of the
goods needing to be more than one thousand dollars. This

(33:52):
is for retail crime. Paul Goldsmith's Justice Minister. He's with me,
High Minister. Hello, how are you good? Thank you? How
do how exactly are we can we tackle people? How
does it? What are we allowed to do?

Speaker 6 (34:06):
Well?

Speaker 14 (34:06):
Obviously we've got to pass the legislation first. So these
are proposals that we're going to we're working into legislation
and that would go after Sleek committee. So the rules
haven't changed today, we're announcing some proposals. And the concern is,
of course that there are too many instances of people
just walking away from shops without paying and a real

(34:31):
sense of an inability to do anything about it. Yeah,
and so reasonable force, So tackling somebody is not necessarily
reasonable force, but just stopping them from walking away with
gear might be. And so those are the sorts of
things that we're thinking of.

Speaker 2 (34:45):
Right, So you could grab under your proposal, you could
grab someone by the arm to hold them. But you
couldn't you couldn't get them to the ground and hold
them on the ground.

Speaker 14 (34:53):
Is that what you're thinking, Well, yeah, well, the definition
of reasonable force is something that the courts that work
their ways. But yes, holding on to somebody and stopping
them from getting away and restrained.

Speaker 2 (35:05):
The restraints that you can use. Does that mean you
can tie somebody up until the police arrive.

Speaker 14 (35:11):
Well, potentially, if that's required and if the circumstances required,
and that the critical thing first is that the expanding
the opportunity At the moment, it's very highly restricted. It's
got to you know, it's got to be over three
year sentence for it, for it for a crime, it's
got to be at night. And so that all means

(35:33):
that there are very few opportunities when people can do this.
We're wanting to expand that, but if you do, you've
got to bring the police immediately and do what the
police tell you to do. So it's not a sort
of an open ended thing.

Speaker 2 (35:43):
But you know what, what are we worried about.

Speaker 3 (35:45):
We're worried about retail.

Speaker 14 (35:46):
Crime and we've got to come up with some new
ways to deal.

Speaker 2 (35:49):
With Is this actually going to be a revolutionary way
that deals with the problem I know you say there's
more to come, but this is you've been in government
now for how long have you been in government? A
year and a half and this is your first big
one from this working group, and actually you've got most
retailers saying they're not going to use it.

Speaker 14 (36:07):
Well, first thing would be to say, you know, as
we did last year. Last year, we were focusing on
bringing about three strikes with sentencing law which is going
to be pasted next week, which is around reducing the
ability of judges to massively reduce prison sentences when people
are convicted of serious crimes. Then we've given all the
police the extra powers to deal with the gangs because

(36:28):
the focus is on reducing victims of crime. So we've
been working away through stuff and then now we're onto
retail crime. We set them up late late last year
and they're coming up with ideas and we've got more
to come. So we're busy. We've got a lot going on.

Speaker 2 (36:40):
Okay, but you accept that most retailers won't use this one.

Speaker 14 (36:44):
I think there's a This is one that is of
particular interest to the small dairies of people on their
own their own businesses wanting to have some means of
dealing with people coming in and dealing with this sort
of stuff. That the larger corporates may have a different focus.
They're probably looking more at facial recognition and they've got

(37:04):
other things that they can focus on. But there's no
one sort of one type of retailer. There's lots of
different interests in fashions and so we're also going to
work our way through them all carefully.

Speaker 2 (37:14):
All right, good on your Paul, Thanks very much for
your time, Paul Goldsmith, the Justice Minister. Time is ten
after five red Sure happening on the China front today
Winston Peter's meeting with China's Foreign minister. This is one year.
This is happening tonight at around ten o'clock our time.
Details continued to leak around this Cook's deal. Apparently China
has insisted that the Cooks not attend any bilateral or

(37:36):
multilateral meetings international meetings without Beijing's say so that reporting
from Richard Harmon at Politic. Meanwhile, three warships have re
entered Australia's Exclusive Economic Zone off the coast of Hobart.
Doctor Keith Suitor is with Channel seventies, Australia's foreign editor
there and international relations expert Keith good Evening.

Speaker 20 (37:56):
Yes, good evening, Ryan.

Speaker 2 (37:58):
First of all, entering your ees, is that a big deal?

Speaker 20 (38:02):
Well, they have a right to do that. There's been
no violation of international law. They've caused all sorts of
problems in the way in which they've conducted themselves, but
they haven't actually violated international law. And at the time
they were carrying out the live firing drills, they were
on the high seas between Australia and New Zealand. But
it does point up to the need that we need

(38:23):
to get agreement between Australia and New Zealand and China
on how the Chinese behave when they're in our corner
of the world.

Speaker 2 (38:31):
Reporting that the Cook Islands is being going to be
prevented by their own signing from attending any international or
multi national multilateral meetings without Beijing say so, what do
you make of that?

Speaker 20 (38:44):
Yes, I'm intrigued by that. There has been an agreement
signed in the last few weeks between the Chinese and
Mark Brown, the Prime Minister of the Cook Islands, on
what's called the Blue Economy, which will give China access
to the reserves and environment around the Cook Islands, which
is a huge area. Of course, Cook Islands only have

(39:06):
a very small population, a resident population about fifteen thousand.
You've actually got more living Cook Islanders in New Zealand
that there are back on the Cook Islands. But they've
got a huge amount of the Pacific Ocean for which
they're responsible and they've adopted this new agreement. Now, how
much more the Cook Islands is going to sign over
to China. It's very worrying.

Speaker 2 (39:25):
Indeed, absolutely, thanks so much for your time, Keith suit
it with us. He's Channel seven, Australia's foreign editor and
international relations expert, thirteen minutes after five. Just so that
you know, this is from Richard Harmond's report. He says,
in addition to this requirement that they consult with Beijing
on you know, before they go and have a meeting
with someone else from around the world. Another, the other

(39:46):
one that's raising eyebrows in this action plan is that
the two countries provide support to the candidates of each
of the other two countries during the elections of various
boards and committees of the organizations to which we both belong.
So you can imagine, I don't know, someone's running to
be the head of the un or something, and you're

(40:06):
basically committing to supporting each other. This say Country inside
the realm of New Zealand. Thirteen minutes after five. Are
you a big drinker? What are you drinking? We've got
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call eight hundred double six two double six.

Speaker 3 (41:27):
To two Ryan Bridge.

Speaker 2 (41:29):
Strong beer seems to have been the drink of choice
last year. New data from stats n Z out today.
It shows that a bear consumption was up four and
a half percent overall, while drinks more than five percent
in strength. We're up three point nine percent over all.
The volume of booze that we're drinking available per person.
There was a fall. It has fallen actually for the

(41:50):
past four years. Dylan Firth is the with the Alcohol
Beverages Council.

Speaker 20 (41:53):
He's with me.

Speaker 2 (41:54):
Hi, Dylan, Yeah, Hi, Ryan, here you go, good, thank you.
So why do you think the move to beer or
why has beer done well, and particularly stronger beer.

Speaker 20 (42:05):
Yeah.

Speaker 21 (42:05):
Well, I mean, if you look at the data in
terms of percentage, that figure of stronger beer has increased
a little bit, but in terms of the segment of
the market, stronger beer makes up a smaller percentage, So
if you're looking at percentages, yes it has increased, but
in terms of volume overall, Actually, the biggest shifts have
been in people moving from kind of five percent beers
to say, four percent beers, And that's where one of
the trends we've seen, and that's made up from you know,

(42:27):
your more mainstream products that might be a bit more affordable,
so people are kind of looking at their wallets. But
also we've seen a really big shift to people drinking
low card beers and that also sits in that four
percent range.

Speaker 2 (42:37):
So that's where the big shifts in here. Okay, interesting
because I do that. I do the low card bears now,
and I'm a convert. You know, I'll never go back.
You're not as fat the next day, It's great.

Speaker 21 (42:48):
Yeah, well, I mean that's pretty much the biggest segment
of the market now. Low car beers make up about
twenty percent of the beer market in total, so a
lot of those brands are shifting, whether it's the mainstream
stuff of craft. So it's really interesting to see. And
that's a lot of it driven by consumer preferences.

Speaker 2 (43:02):
What about overall the alcohol available per person falling and
falling for four years in a row. What does that
tell us?

Speaker 21 (43:09):
Yeah, I think people are moving to a more moderate
consumption model. I think people are deciding to still have
a drink, but drink less or drink lower percentage products.
And we've seen this trend happening both domestically and internationally
for years now, and we've really pleasingly seen that shift
and younger people as well, so more conscious of kind
of how much they're drinking and trying to be cautious
around these things.

Speaker 2 (43:29):
Table wine down four point one percent to ninety four
million leases. I guess wine is quite a luxury. I mean,
and you've got to buy and be able to afford
a whole bottle of it.

Speaker 3 (43:39):
Yeah, one's an interesting one.

Speaker 21 (43:40):
We've obviously got quite a big export wine sector, so
the demands around that can be slightly distant when what
you'd say with spirits and deer, because we do export
a lot of it. So those figures have a lot
of international impact as well.

Speaker 2 (43:51):
Okay with the Dylan, thank you for that. Dylan Firth,
Deputy Chair of the Alcohol Beverages Council, just gone twenty
after five, Bryan Bridge. So in Wellington there's a mural
and you might I have seen it if you've been
from the airport in Wellington into the city. If you're
coming from the airport, it's on your left hand side.
There's the ASB Sports Center. At least the sponsor used
to be ASB. I don't know who it is now,

(44:11):
big one on your left hand side in Kilbernie. And
what the council did, because the council is so smart.
You know, this is Wellington where you can't flush your
toilet for fear your waist blend up on the streets,
or you know, you can't go anywhere, you can't drive
anywhere for fear that you'll be held up by a cyclist.
You know they'll they'll let one cyclist hold up an

(44:32):
entire motorway of traffic. And I'm not even kidding anyway.
What they've done in Wellington and their infinite wisdom is
paint a mural on the wall. It's called the Realms
to the World of light and the taxpayers Union's not happy.
Why because it cost one hundred thousand dollars. Here's the
cost breakdown. The design and commission fees were only four grand,

(44:53):
The contract and legal fees for a mural five seven
hundred wall preparation twenty five thousand dollars, mural panels fifty
two thousand dollars, installation five thousand, four hundred dollars. Total
cost ninety three thousand, eight hundred and nineteen dollars. Your

(45:15):
on news talk, said b Chloe Swarbrooks had quite given
quite the speech in Auckland. I'll running through that next, moving.

Speaker 1 (45:21):
The big stories of the day forward. It's Ryan Bridge
on Heather d for see Ellen drive with one New
Zealand let's get connected news talks.

Speaker 2 (45:31):
He'd be twenty four after five. The Greens and Chloe
swarbrook delivered a State of the Planet address in Auckland. Today.
Have a listened to some of what she had to say, so.

Speaker 22 (45:42):
They have painted targets. Those painted targets are not the
people who are actually responsible for causing this poverty, this homelessness,
this unemployment, and this understandable quite deep rage. No, the
chosen targets.

Speaker 3 (45:56):
Are indigenous peoples.

Speaker 22 (45:58):
Those chosen targets are our rainbow communities. The chosen targets
are migrants.

Speaker 2 (46:05):
Just so that we're clear, Chloe Swarbrick is talking about
right wing people, the right wing, she calls them. In
her address today, she begins by asking those who are
in attendance, which by the way, are Green Party supporters,
raise your hand if you're excited about the future, She says.
Every single time I do this, wherever I speak, fewer

(46:28):
than half a dozen people in a sea of hundreds
put their hands up. This, my friend, she says, is
our problem. Trickle down politicians and their donors have spent
at least forty years coming after us and coming after
our public services, our media, and our democracy. This is
the tone that Chloe Swarbrick and the Greens are setting
at their speeches in Auckland today. And the right wing

(46:51):
thing will, I think irk some people, because what she
has said is that the right wing in New Zealand,
when they try and grow wealth, when they try and
grow growth, when they try and build the economy back
up after COVID, what they are actually trying to do,
according to Chloe, is to target and put down indigenous people,

(47:16):
rainbow people and migrant people. And I think that's a
pretty outrageous thing to say and a pretty inflammatory thing
to say. Actually. The co leader of the Greens also
goes on to say that any company making profit is
basically the cause of your misery the crowd that she

(47:38):
is talking to. She says, your beef is with the
system that forces almost everyone you know into a life
of struggle, and more precisely, your beef is with those
who profit from it. So any business making a profit
in New Zealand, particularly if you are in the housing sector,

(47:58):
you are the core of their misery. I think these
are quite inflammatory things to say from the co leader
of the Green Party. We'd love to know your thoughts.
Nine to nine two is the number to text. Twenty
seven minutes after five, Ryan Bridge lots to come after
five point thirty, we're gonna have the huddle and we're
gonna talk about China. Obviously that's on the menu. We're

(48:20):
also going to talk to Robert Irvine. He's with Auckland
Council because the council is doing a crackdown on people
who have not registered their dogs. So if you haven't
done that you might want to because a big whopping
fine could be coming your way.

Speaker 1 (48:33):
It's all ahead, recamping the day's big news and making
tomorrow's headlines. It's Ryan Bridge on Heather Duper c Allen
Drive with one New Zealand let's get connected news talks.

Speaker 3 (48:49):
That'd be if this world were.

Speaker 20 (48:52):
Muy from almost seven day, it.

Speaker 2 (48:57):
Is twenty five minutes away from six year listening to newstalks.
Great to have your company. NZ and Me, the company
which owns news Talk ZB has released its results today.
So earnings are at fifty four point two million dollars
a net loss after tax sixteen million dollars. But there
was an impairment. We'll explain what that impairment was when
I interviewed my boss, the NZME boss Bogzy. We call

(49:20):
Michael Boggs. After six here on news Talk SEDB twenty
five to two.

Speaker 3 (49:23):
Brian Bread.

Speaker 2 (49:26):
In Auckland's the councils cracking down on unregistered dog owners.
Around five thousand, five hundred infringement notices will be handed
out over the coming days. They say it's the first
step to responsible dog ownership and will slap owners with
a three hundred dollars fine. If they don't register. The
Council's general manager of Compliance, Robert Irvine, is with me, Robert,
good evening.

Speaker 23 (49:47):
Hi, right, how are you going?

Speaker 20 (49:48):
Good?

Speaker 2 (49:48):
Thank you? So five five hundred dog owners have not
registered on time? Do they pay the three hundred If
they pay the three hundred dollar fine, do they then
have to still pay the two hundred to register as well?

Speaker 23 (50:01):
Yeah, so we'll work with them on that. Effectively, if
they pay the registration, there's a chance that we could
waiver the infringement fine.

Speaker 2 (50:08):
Ah okay, how what's the grace period?

Speaker 20 (50:11):
Ah?

Speaker 23 (50:12):
Look, you know, we want to obviously follow up and
we will chase up with them, and if we think
it's within the month, we will be able to actually
get that response.

Speaker 2 (50:24):
If I'm being honest with you, I mean, I've got
my dog registered, but I do put it off, and
I put it off and I put it off because
it's how much?

Speaker 3 (50:30):
Is it?

Speaker 2 (50:30):
Two hundred and something?

Speaker 20 (50:32):
Yeah?

Speaker 23 (50:32):
The fees range. It ranges from seventy four dollars through
to about two hundred and thirty, and so if you
do get in early, there is a discount.

Speaker 2 (50:39):
Right, I'm not one for early things. Two hundred and
thirteen dollars for a year for your dog registration. What
does that Where does that go?

Speaker 3 (50:48):
Yeah?

Speaker 23 (50:49):
Look, and again that's a max. Like I said, it
starts at seventy four dollars, where if you're a responsible
dog in a you know, we give you a discount
and is also the early discount. But effectively where that
goes there's really around providing the services for animal management.
We provide a raft of services out there in terms
of protecting the public from roaming dogs and from effectively

(51:14):
you know, picking up strays and also any animals that
are left with us. It also, I guess deals with
a lot of investigations that we do. There are unfortunately,
dog attacks that we then have to go and investigate.
So a lot of this money from registration process goes
to dealing with those issues.

Speaker 2 (51:32):
It's a shame because it must be a very expensive
business to be and I suppose it is.

Speaker 23 (51:37):
Yeah, yeah, I mean I think that's it's you We're
a light city, so you know, we have a lot
of issues.

Speaker 2 (51:44):
How often are you putting dogs down?

Speaker 23 (51:47):
Look, it's unfortunately, you know, due to the amount of
roaming and you know, there's been quite a few issues
in terms of I guess post COVID where we've seen
a significant role as an amount of dogs and also
a lot of unwanted dogs. So we impound roughly eight
thousand dogs a year and really unfortunately around half of

(52:08):
those are actually uthinazed right, it's a shame.

Speaker 2 (52:14):
Is it not odd that so you're a law abiding
you're an early payment even with the dog registration? Why
is it that dog owners have to subsidize bad you know,
good dog owners subsidized bad dog owners. Should it not
just come from a general council pool of unruly behavior.

Speaker 23 (52:32):
Look, it's not all goes towards, So there is balance
between the two in that's something we do strike when
we look at how much we're going to be charging
for registration. So it's basically a contribution towards overarching services. So,
like I said, it's not all going towards and there
is a general balance, and that's not something we do
look at when we're setting the registration freeze every year.

Speaker 2 (52:54):
Somebody's just text don very quickly before we go to
say can you ask the council why they change the
dog's registration number every time you apply for a new registration,
And don't just allocate a number to your dog for life.

Speaker 23 (53:08):
Look at something. It's always something to be looked at.
You know, it's part of a you know, we do charge.
It's an annual fee. So in terms of that registration,
that's just part of the process where you know, how
we identify who's actually paid, you know, through the different
tag colors. And again it's an annual fee that we charge,
so we were to the anial process.

Speaker 2 (53:29):
Okay, all right, thanks very much for your time. Appreciate it.
Robert basically messages if you hadn't haven't registered your dog,
go out and do it. Robert Irvine Organ Council's General
manager of Compliance. Time is twenty away from six.

Speaker 1 (53:41):
The Huddle with New Zealand Southerby's International Realty, local and
global exposure like no other.

Speaker 2 (53:47):
Joining the Huddle tonight Jordan Williams and the Taxpayers Union.
Good evening, Jordan, and Ellie Jones is here from Red
PR Hi Ali, Hi, Ryan, how are you very well?
Thank you. Let's talk about the big story of the day,
and that is the citizen's arrest. Allie, would you ever
if you saw it happening, would you ever get involved?

Speaker 13 (54:06):
Well, if it depends on the situation. I mean, the
problem with me is I'm a fixer and I do
things that I shouldn't have to do. Really, I need
to just stick to my business and not stigmenos into
other people's business. But if I see a woman being abused,
if I see a child being abused or hurt, then
yes I would. But what worries me about this is
that it's a step away from are we going to

(54:30):
allow guns or something for some sort of weapon for
people to protect themselves? And why is it that we
as members of the public are going to be in
a position where we'll look at a situation and go, yeah,
I think that that person stealing something, I will do something,
And it might not be the right person to approach.
You might not be capable of doing something. I just

(54:51):
think we should leave the police to do the job
and make sure that we've got enough police to do it.
I think this is a thin edge of the wedge.

Speaker 6 (54:56):
Rhyme, bollocks.

Speaker 24 (54:58):
It's the other way around. The New Zealand wasn't a
safe society because of we had a lot of police
per people. We're a spread out society. New Zealand was
a society because we were based on the old Peel
policing principles that the police are the public and the
public are the police. The police are you know, the

(55:19):
old tradition that the police is simply full time exercising
the duties of every citizen. This idea that the police
are the praetorian guard and that you shouldn't you should,
you know, look away and leave it to the professionals.
That's not his Zealand and I was absolutely astonished that

(55:40):
the Business New Zealand, the Employees and Manufacturer Association Alan McDonald,
who's someone who I have a lot of regard for,
has come out against it on the basis of all
health and safety. Your best to leave it, you know,
your dairy, Your business might be being ruined because these
little thugs come and ramrad you or knicked stuff.

Speaker 2 (55:59):
But no, no, no, no, don't, don't. Don't the profession
That's a problem for the government though, isn't it, because
they have addressed this part of the legislation, But they
haven't made any and aren't making any changes to the
health and safety of yours.

Speaker 3 (56:12):
Well, look, there.

Speaker 13 (56:13):
Was a minister resigned. Didn't a minister resign this week
from grabbing someone at the top of the you know,
grabbing someone.

Speaker 24 (56:18):
I think they don't think that. I don't think that
there's any allegation that the staffer was nicking something from
the minister's office.

Speaker 13 (56:24):
Is the same Jordan. I mean, if you if you've
got someone who's going to be, you know, resigning from
a senior position because they grabbed someone in its arms,
what's going.

Speaker 25 (56:33):
To happen when it's not.

Speaker 13 (56:35):
If you've got a kid nicking something in a dairy
and you go up to them and grab their arm,
well then what happens. You're done for assault?

Speaker 24 (56:42):
Well, I mean the minister was pointing out, you know,
currently the law is it what is it over an
offense of over two years? It's going to be at night,
et cetera, et cetera. This used to actually rely on
common sense being applied by the police in terms of
who they prosecute, but in recent decade police have taken
this very pious approach of know it's the same as

(57:05):
again this health and safety lens of we don't celebrate
heroes anymore, we prosecute them.

Speaker 2 (57:12):
I think, Ali, to your I think the problem we've
got here because I would like to be on your
side on this I would like to think that we
don't need to be arming ourselves and going out there
like vigilante mobs. But when you look at the numbers,
an eighty five percent increase in retail crime over the
last five years, we literally just don't have enough police

(57:32):
to one be there at every incident and two to
follow up on everyone so long.

Speaker 13 (57:37):
I don't disagree with you, Ryan, but the issue here
is you cannot stick a plaster on this. You cannot
give people the option to look at a situation and
then apply the measure of what's reasonable force. I mean,
that's the thin edge of the wedge. Yeah, I thought
hitting the kid in the back of the head was
reasonable force. The issue that you're talking about, as far
as the increase in crime is a multifaceted issue. And

(57:59):
this thing about the police that Jordan was talking about and.

Speaker 3 (58:03):
It is.

Speaker 10 (58:06):
It's about poverty.

Speaker 26 (58:07):
It's about and that's.

Speaker 24 (58:10):
That's the mostly not true. You know that the connect
there's lots of countries around the world to have far
more poverty and don't have the crime. One of those
issues though surely as culture.

Speaker 3 (58:19):
And I mean it's.

Speaker 24 (58:22):
Very it's it's brought out by the broken windows theory
and there's lots of you know, what is the norm
around here. One of the reasons I believe why our
CBDs is so unsafe on Saturday nights is that we're
all told and we all look away when we see
someone being intimidating or violent. I lived in Germany as

(58:42):
a student and you know, even look at Oktoberfest. The
only fans you see that Toberfest of between Australians, which
we can we can all support because the Germans are
far more willing to step in and say, you know,
don't be don't.

Speaker 3 (58:54):
Be a door.

Speaker 2 (58:56):
We've lost that culture here.

Speaker 24 (58:58):
And this is on the same continuance about society.

Speaker 2 (59:03):
We want a society.

Speaker 24 (59:04):
Will people wit interfere with someone's getting We have.

Speaker 2 (59:08):
To part with her for a second. We've got to
take this break. Jordan Williams, Taxpayers and Allie Jones red
pr on the Huddle. Back in a second.

Speaker 1 (59:14):
The Huddle with New Zealand Sotheby's International Realty Glebed the
marketing of your Home.

Speaker 2 (59:20):
News Talk to the b Jordan Williams and Allie Jones
on the huddle. It's twelve minutes away from six. Great
to have your company. This evening. Chloe Swarbrick has taken
it to the right wing in her State of the
Planet address in Auckland today to Party Faithful, she says
the right wing is responsible for basically destroyed not only
destroying the planet, but also impoverishing many, and particularly for targeting,

(59:43):
she said, migrants, the rainbow community, and indigenous people. That's right.
I was trying to remember all three. Ali, did you
have a look at what Chloe had to say? What
did you make of it?

Speaker 13 (59:57):
Yeah, I haven't had a look at the video, but
I'm I'm kind of over this, to be honest, and
I find it tedious and I find it grandstanding. I
think that there are problems on both sides, at both
ends of the political spectrum, and I think we've got
to stop having this finger pointing going on from both

(01:00:18):
the left and the right. I don't believe that, you know,
she says, the chosen targets are indigenous people. I think
the three you mentioned were the gay community, migrants, and Tingatafena.
Well that's bollocks for a start, but I also see
a lot of this finger pointing going on on the
right as well. I'm all for the center, Jordan, I
don't know how you feel about that.

Speaker 24 (01:00:39):
Yeah, it's something that concerns me a lot. The polarization
and politics of it's you're not just wrong, you're bad,
or you're morally flawed.

Speaker 2 (01:00:49):
I disagree. I think that.

Speaker 24 (01:00:52):
It is worse on the left, and I think that
intellectually it's easier to come beyond the conservative side of
politics and intellectually appreciate where the left is coming from,
and sometimes that's more difficult.

Speaker 10 (01:01:03):
What do you think it's worse on the left.

Speaker 13 (01:01:05):
What makes you say that?

Speaker 24 (01:01:07):
Because I think that you know, I mean it. I
think it's easier if you're a believer in markets and
open economies to appreciate intellectually why socialism is an attractive idea.
I think that if you're on that side of politics,
it can be more difficult or it's counterintuitive.

Speaker 2 (01:01:25):
Sometimes, are you saying they're dumber than you?

Speaker 3 (01:01:27):
No, I'm not saying that.

Speaker 24 (01:01:32):
Open markets and a market based economy you do have
to think in more depth around second order effects, that's true,
Because that's not No, it's.

Speaker 13 (01:01:44):
Not right, because I think can I just interrupt for
a second, okay, because I think one of the key
things here is and this is what frustrates me about
the right is that we often talk about GDP, we
talk about growth, and I'm sure that you are far
more up with that than I am. But there are
actually nuances in those black and white to market economy
arguments and understandings, and a lot of that is humanity.

(01:02:05):
And that's where some of the elect comes in.

Speaker 20 (01:02:07):
And that's.

Speaker 24 (01:02:10):
Because you was suggesting that the reason I'm in politics
is different to the reason that Chloe Swarbrook's and politics.

Speaker 3 (01:02:20):
That is not true.

Speaker 2 (01:02:23):
Do you know the way we want to get there
is very different, but everyone wants the same thing, which
is kids out of poverty. Do you know what the
problem is? I think the problem is between the left
and the right is that they're completely different personality types,
speaking completely different languages. So you're talking about you know,
markets and growth and et cetera, and the others are

(01:02:46):
perhaps more empaths on the other side, who are more
who are more in tune with talking about, you know,
getting kids out of poverty or this stuff. Doesn't mean
you don't care about it, but the way you'll also.

Speaker 13 (01:02:56):
See you see arrogance and dismissal on both sides.

Speaker 18 (01:03:00):
So wrong.

Speaker 24 (01:03:02):
That's called a politician. I think we had a incident
yesterday that one of our staff, student interns and some
volunteers are at club's day and got absolutely barreled up
by to the extent that they packed up the stall early,
and the MP subsequently apologized to my staff. But it

(01:03:24):
was a Green Party MP absolutely going banana, saying, don't
tell me it was it's an MP in Wellington who
has pre who has some form in this area. But no,
no that there was an apology then except that. But
the the way that it was in what she was
saying about, you know, paid shills and accusations about that

(01:03:47):
were just totally bananas about funding and things like that.

Speaker 2 (01:03:50):
In person.

Speaker 24 (01:03:51):
It was in person she was literally yelling at at.

Speaker 2 (01:03:55):
My at Taxpayers Union.

Speaker 24 (01:03:57):
It was so as I say, she apologized except that
we can can move.

Speaker 13 (01:04:02):
On, but persative though you can't, we'll hang on.

Speaker 24 (01:04:08):
There does seem to be a bit of a pattern
in the Greens of a sort of righteousness piousness. This particular,
this wasn't Chloe, but it was a particularly MP who
has barreled up members of the public before.

Speaker 2 (01:04:20):
It's on the public record.

Speaker 24 (01:04:22):
I do think that when the Greens and they have
talked about the polarization of politics, neaning to turn it down.
I would suggest that they should look.

Speaker 2 (01:04:29):
At the look in the mart. All right, we have
to leave it there. Guys, Jordan Williams, the Taxpaging and
Allie Jones red PR on the huddle tonight. Thank you
for your contributions. The text machines going absolutely nuts. We'll
get to some of those shortly. It's seven to six.

Speaker 1 (01:04:43):
It's the Heather Duper c Allen Drive Full Show podcast
on iHeartRadio powered by News TALKSZB.

Speaker 2 (01:04:51):
News Talks ZB. It is four minutes away from six.
Coming up next, we're going to talk to the boss
of nz ME, which owns The Herald and owns News
Talks be what are the plans for the future. You
might have heard of a little website called one Roof.
It's where they always had these stories on the Herald
and they get me every time because I love looking
at what they call houseporn, which is where you have

(01:05:13):
beautiful pictures of homes splashed across the newspapers. Well they
do that very well, so they've got great news content.
It's a big growing part of the business. So we'll
talk to the boss about that. After six o'clock. Also
Jane Tips Trainey will be with us. We'll get a
market update from Milford and we're also going to look
further at that crypto theft one point five billion US

(01:05:37):
so about two point six billion New Zealand dollars and
it was the North Koreans apparently that coming your way
after six.

Speaker 3 (01:06:16):
Keeping track of where the money is flowing.

Speaker 1 (01:06:18):
The Business Hour with Ryan Bridge and who has insurance
and investments, Grow your Wealth, Protect Your Future, News Talks
at b Kidded.

Speaker 2 (01:06:28):
Then coming up to the Heralds and a Chip Trainee
on the tax changes for charities. We've got an update
for you, the market update with Melford of course, and
how did North Korea steal more than two billion dollars
in cryptocurrency. Gavin Gray has the latest from the UK
media company endz Me, which owns this station. News talks,
HEB and The New Zealand Herald is reporting a full

(01:06:50):
year net loss of sixteen million dollars today, but they
did have a big impairment of twenty four million dollars.
We'll have more on that shortly. Earnings were down at
down three point six percent for the year, but operating
revenue was actually up slightly up two percent. Michael Boggs
is the CEO of NS is me. Hello, good afternoon,

(01:07:10):
good afternoon, Good to have you on the program. So
what's this impairment for? What's worthless to the business?

Speaker 25 (01:07:15):
Effectively, what we have to do is every year assess
all the different parts of the business. And as you
can imagine, print is a business that is in decline
and has been for many, many years. So what our
auditors make us do is have a projection looking forward,
using very conservative estimates as to what revenues and profits
might come from that. And based on that conservative estimate,

(01:07:36):
what are the assets worth on the balance sheet? Oh,
what's the brand's worth and masteed, so not things you
can physically touch, and if they're worthless.

Speaker 3 (01:07:43):
You have to take an impairment charge.

Speaker 2 (01:07:44):
In other words, newspapers are worthless, which would be no
surprise to anyone, I suppose absolutely. So where does that
leave you going forward? If you've got you know, there's
talk that maybe you'd split off part of the business,
your print business.

Speaker 25 (01:07:57):
Well, certainly no talk of splitting off the prints because
it's a very successful part of our business and in fact,
we continue to have really strong readership. Our print business
actually only declined by three percent last year from the
number or the revenue we got from our subscribers. So
people are still absolutely loving the product and advertising remains
really strong.

Speaker 2 (01:08:17):
You're just not growing. You're talking print as an online
and a newspaper purely just the newspaper. Interesting, So where
do you see when you look ahead? What are the
areas that you see for growth? Obviously you've mentioned One
Roof as a big one.

Speaker 25 (01:08:31):
Yes, indeed, so One Roof for the last three years,
we haven't been trying to make a profit. Effectively, we're
putting every dollar of incremental revenue we've made back into
investing in the business to get it to grow. And
what we seid is in twenty twenty four we will
look to try and make a profit with One Roof.
So we did have a four million dollar improvement in
the bottom line.

Speaker 2 (01:08:51):
And there's talk that maybe you would split that off
into a separate business.

Speaker 19 (01:08:54):
Yeah.

Speaker 25 (01:08:54):
What we've announced is that we'll do a strategic review
of One Roof. So we've appointed an external party, Jarden
Investment Bankers, to really review a number of things. One
is how is it structured and what's the best way
of the shareholdings of that business. Should we own all
of it or should there be other shareholders in it?

Speaker 3 (01:09:09):
For example?

Speaker 25 (01:09:10):
Should we be investing more in it to go faster again,
to actually make it worth more for our shareholders? And
our key focus is we don't think the value of
one roof today is being reflected in the NZB share price,
and that's what we want to see. What should we
be doing better.

Speaker 2 (01:09:26):
Let's talk about the market more generally. It's been a
pretty tough time. It's been a pretty tough year for
media businesses. How have you managed to I mean many
people would look at this and say you've actually you've
got away pretty well here.

Speaker 3 (01:09:38):
Yeah.

Speaker 25 (01:09:38):
So in total, our ebit DAR was down two million
dollars on last year. So last year we did a
fifty six point two million dollar EBITDAR. This year we
did fifty four point two So in an environment that's
pretty tough, we're pleased with that result. However, it was
still down. So one of the things we've seen, and
I think you'll be talking about your show every day,
is there are glimmers of hope out there. We are

(01:09:59):
seeing in flight down, we are seeing interest rates down,
we are seeing GDP at beginning to grow, and so
we think those are great indicators of future success, not
only for New Zealand, but for our business.

Speaker 2 (01:10:12):
You've cut thirty jobs, you've saved four million dollars that
you've finished.

Speaker 25 (01:10:16):
We're always looking, obviously as you'd expect, for ways to
improve the business. But at the same time we're investing.
We're introducing a new video, new show which requires more
people back into the business.

Speaker 2 (01:10:26):
The revenue from that you've spoken about today, What do
you make at the moment from video In terms of revenue,
it's a.

Speaker 25 (01:10:32):
Very small amount, so it would be a minor amount
of our overall digital revenue. But every person that watches
a video we would earn significantly more a multiple times
more than a person just looking at a static ad
for example on the Herald. So we truly think we've
got a real opportunity one to firstly engage an audience
and then to actually be able to sell advertising on

(01:10:53):
that show. Importantly, also, we've had a number of advertisers
already approach us and say how can we be part
of that? Which I think it's a really good sign.

Speaker 2 (01:11:00):
Do you how much do you expect to make off
that video?

Speaker 25 (01:11:04):
It's not something that we're talking about publicly, but we
expect it to become a substantial part of our business.

Speaker 2 (01:11:09):
Does The Herald's digital revenue cover the cost of its
news production at this point or do you rely on
that print publication?

Speaker 25 (01:11:17):
No, it absolutely does. So one of the things we
did last year is we changed the way we report
our profit loss of print versus digital. So now all
of our journalists charges go to our digital business unless
they are purely for a print product, and we actually
make a profit from our digital business even after paying

(01:11:38):
for every single journalist. So we think that's a really
good sign for the future. It's an area we think
will absolutely continue to grow and become a bigger and
biggerparder business.

Speaker 3 (01:11:46):
Having said that print is really important for.

Speaker 2 (01:11:48):
Us, the portion can we know? Are we able to
glean some insight into how much money you make from
your one roof versus your online versus your print versus
your radio business? Yes?

Speaker 25 (01:12:00):
Indeed, so in our financial statements we do split that
out between the various businesses, and so our publishing business
being the print in digital is still by far the
biggest contributor, followed by our audio business and then our
one roof is the smallest, but one roof is the
one growing the quickest overall.

Speaker 2 (01:12:17):
There was talk in the news a couple of weeks
ago about Nick Mowbray maybe wanting to own Enzi Me,
what did you think of that?

Speaker 25 (01:12:24):
Oh, lookie, you can never believe everything you read in
the newspapers. For example, not a great thing to say
as the boss of the newspaper. It wasn't ours thingfully, Michael,
thank you very much for that.

Speaker 2 (01:12:35):
Great to have you in the studio. Michael Bogs, the
Enzyme chief executive, have announced there results today, a big
impairment to netlass of sixteen million dollars. Earnings were down,
but operating revenue was up slightly two percent. Thirteen minutes
after six in AGIP training from the heralders with us.
Next lots to discuss particularly, you know, the big story
over the last couple of weeks has been about Brian

(01:12:56):
Tammocky and his charity. Why don't they pay any tax?
Gene trainees here on that.

Speaker 1 (01:13:02):
Next, it's the Heather dupas Allen Drive Full Show podcast
on Iheartradiom powered by Newstalk ZEBBI.

Speaker 2 (01:13:11):
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things too. What night has been night? For example? Why
has cheese become a luxury item? But as a member
of MAZ, the New Zealand grown member owned mutual, you
can rest easy. MAS is an insurance and investment mutual

(01:13:32):
that's been putting its members overthinking to rest for more
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trust MAS to protect what matters most. Rest easy with MAZ.
To learn more and to see their financial advice provider
disclosure statements, head to MAS dot co dot Nz. That's
MAS dot co dot Nz. Bryan Bridge, you're on news

(01:14:16):
Talk said Big time is seventeen after six Around nine
thousand clubs, societies, trade associations and industry councils are in
line to possibly be slapped with a tax bill. Inland
Revenue has changed the way it interprets the law and
they keen to crack down on businesses they think are
masquerading as charities in order to reduce their tax bills.

(01:14:36):
Jane Tips Trainey is The Herald's Wellington Business editor. She's
with me tonight. Hey Jana, Hey Ryan. What are these
changes going to look like for these clubs and associations. Potentially, yes,
So look at.

Speaker 22 (01:14:48):
The moment, if you're a sports club or any sort
of member society, there are special exemptions which means you
don't need to pay tax, for example, on the subscriptions
that you receive from your met members. But Inland Revenue
has been looking to change this. So it actually it
releases guidance that say this is how you interpret the law,

(01:15:12):
but it's updating that guidance to say, actually a bunch
of these club societies are going to have to pay tax.
So Inland Revenue is doing that, you know, on one side,
But then on the other side you have the governments
which has come in and said we want to crack
down on charities and make sure that, as you said before,
businesses that are actually masquerading as charities. We want to

(01:15:33):
make sure they are paying tax. So you've got two
separate things ID doing. It's saying government wanting to achieve
something else. And what is happening now is that the
ID is saying, actually, we'd still like to change the
way we treat clubs and societies, but we're going to
put this work on hold while we wait for the
government to sort out what it does with charities. Just

(01:15:56):
more broadly, so it's kind of a messy situation. What
it basically does is create quite a bit of uncertainty
for these nine thousand club societies, trade associations, professional and
regulatory bodies, industry councils, and so on, because on the
one hand, you have IOD wanting to tax them, but
then IRD saying we'll put this work on hold and

(01:16:17):
wait for this broader charities thing that the government's doing
to iron itself out.

Speaker 2 (01:16:22):
Goodness may it sounds like a bit of a rollercoaster
for these poor organizations. How much of a burden will
the you know, an admin burden of potentially doing tax
be for these organizations.

Speaker 22 (01:16:32):
Well, I think it'll be quite a bit. I spoke
to the independent tax specialist Jeff Nightingale earlier today and
he said, you know, some of these clubs and things,
they don't really have a lot of profits, so that
the tax burden might not be that big. The issue
is going to be the compliance, in Jeff Nightingale's view,
so he thought that actually IOD probably wouldn't push on

(01:16:56):
with this, but you know, we're going to have to
wait and see. Now we'll probably find out at some
point after the budget, which is on May twenty two.
That's when the government will release what it's going to
do with charities. And after that point, the assumption is
that we'll find out a bit more what's in store

(01:17:16):
for these clubs and societies. I mean, nine thousand of
them is a lot, and I suspect a bunch of
them probably don't even know that Inland Revenue is thinking
about changing their tax treatment because actually it's sort of
buried this little detail in a long consultation document it
released earlier this week. So bit of uncertainty there. But

(01:17:40):
I think ultimately the idea that the government has to
relook at the way all these things at taxes is
probably a positive thing and should bring us more in
line with what other countries do.

Speaker 2 (01:17:51):
Right, And so just to clarify, so this is not
This particular part that I have been looking at is
not part of the pushback against Destiny Church. Is a
separate issue they've been looking at separately.

Speaker 22 (01:18:03):
Yeah, it is a separate issue. I mean it's related.
So ID was doing this work and it's putting this
work kind of on hold while we figure out what
we're doing with charities more broadly, because you know, these
rules are pretty complicated and they interlink. But it is
just interesting that iod's position is actually that these clubs

(01:18:24):
and things need to be taxed.

Speaker 2 (01:18:26):
Yeah, it is interesting, but I mean give them an inch,
they'll take a mile that tax everything if they could,
thank you so much for that Dona Chip training with
us these Ellen Herold, Wellington Business Editor. It is twenty
one minutes after six. It's pretty harsh. I mean, if
you think about I don't know, your local Irish club
or society having to pay tax or even just you know,
obviously they probably won't have a profit, but even just

(01:18:48):
having to fill in the tax forms, tax returns every
year and paying account and all that stuff be a
bit of a nightmare for them. Might imagine it'd be
interesting to see how what the government will say and
potentially do about it. Come by time twenty two after
six coming up next your Milford update.

Speaker 1 (01:19:03):
Whether it's macro, microbe or just playing economics, it's all
on the business hours with Ryan Bridge and theirs. Insurance
and investments, Grow your wealth, protect your future.

Speaker 2 (01:19:15):
These jogs had been after the news house North Korea
stealing billions in cryptocurrency. Right now, let's have a look
at the market's Jeremy Hutton from Milford Asset Managements with us, Hey, Jeremy.

Speaker 27 (01:19:25):
Hey eran, how are you going?

Speaker 2 (01:19:26):
Yeah good, thank you? Shareholder is feeling the pain this
with the capital rays from Ryman Healthcare.

Speaker 27 (01:19:33):
Yeah, retirement village operator. Ryman is conducting a second massive
capital raise in as many years, asking the market for
another one billion dollars, and this is following the nine
hundred odd million it raised in February twenty twenty three.
So Ryman had to raise this money at quite a
big discount to try and get investors on board. The

(01:19:54):
offer price was at three dollars and five cents, and
that was almost thirty percent lower than the last closed
price on Friday before the deal. So the proceeds are
again being used to pay down debt. But the last
phase was done at five dollars in twenty twenty three,
and Ryman at its peak was almost at fifteen dollars
in the boom time. So it's been a really painful

(01:20:16):
reset for Ryman shareholders as well.

Speaker 2 (01:20:18):
Certainly has now a new CEO at the helm. Is
she clearing the debts and calling the bottom here?

Speaker 27 (01:20:26):
Yeah, potentially, you know, this should take Ryman to a
much more comfortable place. Naomi James is the new CEO.
She's still relatively new in the role, but clearly of
the view that the large interest bill on the debt
was impacting the business operationally, putting a lot of pressure
on other parts of Ryman. And she has coupled this
big debt reduction with plans for big cost savings as well,

(01:20:50):
so trying to find another one hundred million dollars per
year of cost savings. So hopefully, you know, this is
the last reset for Ryman. But it is a massive
change from the former high flyer that we saw a
few years ago.

Speaker 2 (01:21:02):
Certainly, especially when you look at that share price coming
off the pig of fifteen dollars that you mentioned, what's
the growth that looked like?

Speaker 27 (01:21:10):
Yeah, that's the big question still out there for investors.
Ryman previously had the mantra of build, build, build, and
build its retirement units at pretty much any cost. And
you know, this did enable huge growth of the business,
but that was in more buoyant property markets. But it
also did add a huge amount of debt and clearly

(01:21:30):
over extended the business too much. Times of change now
and so has Ryman's near term retirement unit build rate,
the go for build rate that they've guided to has
been slashed to about a quarter between a quarter and
a third of what it was this year. So huge
changes in their growth profile going forward.

Speaker 2 (01:21:51):
Yeah, big shift. How does it look against its competitors?

Speaker 27 (01:21:56):
Yeah, it's interesting. You know, it's a very big change
in the retirement village model. Investors will need to think
about that. Ryman's effectively running the business morph on a
cash flow focus, where it's key pair Somerset is still
continuing to go all in on growth. So it does
present an interesting trade off or a decision for investors

(01:22:18):
if they want to pick between these two retirement operators.

Speaker 2 (01:22:21):
How's this effecting, Because obviously this has been a massive
story this week, one of the bigger ones from over
reporting season. How's it impacting the wider interet X.

Speaker 27 (01:22:33):
Yeah, the inst X has had a really tough month
today so far. In February, you know, it was down
over five percent at one point, mainly as investors were
weighing up this large capital raise. And what tends to
happen in these capital raises, particularly the bigger ones, is
that investors do sell a lot of other shares to
help fund funder this, so it does create a bit
of sogginess in the market. But I do note that

(01:22:55):
the inst X did bounce back a bit today, up
about one percent, so perhaps have got their head round
this big Rhyman capitol raised and have a little bit
more confidence.

Speaker 2 (01:23:05):
Jeremy, thank you. Jeremy. Hutton and Milford Act Management. Time
is twenty eight minutes after six Here on News TALKSBB.

Speaker 1 (01:23:13):
We do in if you know me, push the MASONI
everything from SMEs to the big corporates, the Business Hour
with Ryan Bridge and Pmyer's Insurance and Investments, Grow your wealth,
protect your future.

Speaker 3 (01:23:30):
News Talks EDB.

Speaker 10 (01:23:32):
Because I've already.

Speaker 19 (01:23:35):
To fun a good to forget me, I've dare you
read me.

Speaker 10 (01:23:44):
And Greta garded You'll never mad me.

Speaker 11 (01:23:48):
Pretty far away from seven on news talk Zibbu.

Speaker 2 (01:23:51):
Storry out of Hamilton today A bull calls quite a
bit of havoc and actually a bit of damage as well.
This all happens just before midday running down Queen's ab
toward Hamilton Lake had escaped from a paddock. Obviously one
bystanderd said nothing like this has happened in Hamilton before,

(01:24:11):
which is I thought it was quite a conclusive statement.
Are we sure about that? Anyway? It actually did quite
a bit of damage to property this ball, and actually
in its process managed to injure somebody. But police arrived
after about an hour trying to wrangle the bull. They
eventually put it down. Firearm twenty three to seven. Rayan
Bridge hack is linked to North Korea. Remember the hack

(01:24:34):
we told you about yesterday worth two point six billion
New Zealand dollars. Well, it turns out it was North
Korea they pulled off the biggest heist of all time.
The Lazarus Group, which is linked to the North Korean
security agencies, is suspected to be behind the theft. The
crypto currency and the crypto exchange in Dubai were hits.

(01:24:54):
Tech commentator Paul Spain is with me, Paul Good evening,
good leaving Ryn. How did they get it?

Speaker 28 (01:25:02):
Well, it looks like a cunning sort of series of
steps that they took. First of all, they've tricked somebody
into sharing their password to get into systems at the
Crypto Exchange by a bit, so what we call a
phishing attack there it's been referred to as So once

(01:25:26):
they've got those details, then they can get into the
systems of the exchange. And then there's some you know,
and we don't know all the details and behind the
scene steps that they've done to insert themselves in the process.
When these in this case ethereum tokens, which is the

(01:25:48):
cryptocurrency we're being transferred from what is called a cold wallet,
which is usually very safe because it's not online and
it's not available. But when you need to move those
those crypto funds around, it has to come online. And
it was when the system moved online that the heist
was carried out. And then they moved very very quickly

(01:26:10):
to slice and dice those funds up and you know,
basically hide hide their tracks.

Speaker 2 (01:26:15):
So is this a bit of a fallacy then that
because you talk about the cold wallet, and that was
my understanding of cryptocurrencies that they're offline, so they're very safe.
But if if, as you say, you need to move
them more, obviously you're going to have to top it
up or move money around, then it becomes vulnerable.

Speaker 20 (01:26:31):
Yeah.

Speaker 28 (01:26:31):
Look, it's it's when yeah, and it's when you need
to move move funds away. You can send them effectively
to you to your to your account without the without
the cold wallet, but when you're wanting to move them away,
that's where that's where the cold wallet comes in. And
if you're plugging your connecting your cold wallet into a

(01:26:56):
system that is compromised, then that's that's really where that
where the risk is. And there are other risks of course,
but in this case it appears as though the North
Koreans have have you know, pulled off just you know,
an insane theft.

Speaker 2 (01:27:13):
Yeah, insane amount of money. Will they get away with it?
I mean some of the funds have been recovered, but
will they get away with most of the will the
crypt you reckon?

Speaker 28 (01:27:21):
Well, because they've they've gone through these varying other exchanges
and so on around the world, and they've converted it
from the ethereum that it started at into other differing ones.
I would not be surprised if if they get away
with you either most of it or a very large

(01:27:43):
chunk of it. But you know, no doubt we'll hear
a little bit more over over the coming days, you
know how that goes. But because it will have gone
all around the world and you know have been have
been done, you know, run through a process that is
you know, gets pretty pretty challenging when you move it
from one currency to another, because if you were moving

(01:28:06):
it within the original currency, then all of those things
can be tracked and can be watched. But once you
trade it, I guess you know a form of money
laundering happening, then that can get pretty hard to track,
depending on you know, where and how that's been done.

Speaker 2 (01:28:25):
Are you using crypto still? I mean, the more I
hear about it, and to be fair, I should have
jumped in a long long time ago, but the more
I hear about it, the less safe I think it is.
Personally over exited.

Speaker 28 (01:28:36):
My concern with it is that if it becomes known
that you've got crypto, then you're potentially encouraging some of
the attacks that we've read about in the news over
over recent months where people are getting kidnapped. You know,
the term iron bar attacks gets thrown around, so you're

(01:29:00):
effectively becoming your own bank when you hold you hold
your own crypto. So there there is there is that
level of risk if it's known that you have crypto.

Speaker 18 (01:29:10):
Uh.

Speaker 28 (01:29:10):
And then on the flip side is this sort of
situation so if you've invested in crypto elsewhere, how do
you know that it's actually safe if if you're not
holding it yourself. So there are really risks on you know,
from multiple directions when it when it comes to crypto.
And certainly my my feelings about crypto have changed in

(01:29:32):
recent months and I don't don't don't hold any anymore.

Speaker 2 (01:29:36):
What's iron bank?

Speaker 28 (01:29:39):
Um ah?

Speaker 2 (01:29:43):
What was that term? The iron bar? Iron bar?

Speaker 28 (01:29:48):
So you can imagine somebody turning up on your doorstep
that knows you've got crypto with.

Speaker 2 (01:29:55):
An iron bar, so that that's kind of the term.

Speaker 28 (01:29:57):
Now they could do anything but that it's I guess
you know what it sometimes gets you know, referred to
as But yeah, there was one in the news last
week about a ki We who kidnapped you know, another
Kiwi and what was it three weeks that person was
was kidnapped for before until they got away, and that

(01:30:20):
was because they were they were trying to get access
to I think this person's partner's crypto and so, yeah,
pretty shocking situation and was threatened with loss of life.
We've seen, you know, these sorts of things happening on
an international basis as well, but yeah, quite shocking to
hear these things are going on in New Zealand now too.

Speaker 2 (01:30:42):
I guess the rule is, Paul, do what you've done
and say you know and get rid of them, or
just tell people you've gotten rid of them and then
have them.

Speaker 28 (01:30:50):
Well, I'd be getting rid of them. I wouldn't want
to leave any sort of door open, you know, after
reading some of these news reports. But look, people got
to make their own decisions when it comes to investing
and funds and so and then lock your doors.

Speaker 2 (01:31:05):
Paul Spain Griller, tech CEO and tech commentator, thanks so
much of your time. It's sixteen away from seven where
with Gavin Gray, Ore UK correspond Next, No doubntill have
an update for us on kir Starmer, who is massively
increasing And I know it's only point three percent of GDP,
but it's sixteen billion dollars increasing their defense spending ahead

(01:31:26):
of a trip to Washington, DC.

Speaker 3 (01:31:28):
If it's to do with money, it matters to you.

Speaker 1 (01:31:31):
The Business Hour with Ryan Bridge and Mayor's Insurance and investments,
Grow your wealth, protect your future news talks, they'd be.

Speaker 2 (01:31:40):
Thirteen away from seven news talks. There'd be. When you
go to visit an old friend, you take a gift,
don't you, Especially if you go into their house, you
take a gift. You make some muffins or something when
you go over. Gavin Gray's our UK correspondent, Gavin Good evening.

Speaker 26 (01:31:53):
Hi, hy and I know where you're going with this.

Speaker 2 (01:31:55):
Yes, Kirs Starmer's taking quite the gift for them, Isn't
it a very expensive one at.

Speaker 3 (01:31:59):
The Yes, he is so.

Speaker 26 (01:32:02):
A skis farmer flying out to meet the US President
Donald Trump today all over Ukraine, the UK and Europe
pushing for a seat at the table, a bigger say
in the future of Ukraine and supporting Ukraine. Following a
complete about face from America about their future plans for
the country, and the UK has announced in the last

(01:32:23):
twenty four hours that it is to spend much much
more on defense. It is increasing here the percentage of
its gross domestic products spent on defense from two point
three percent to two point five percent.

Speaker 2 (01:32:36):
It's a very.

Speaker 26 (01:32:37):
Bigger, big figure in real terms. So how's the government
getting this because we're told budgets are tight. Well, the
answer is it is taking that money directly out of
the international aid budget. That is money that goes from
the UK to countries around the world for charitable causes,
sort of soft diplomacy as it's called.

Speaker 5 (01:32:55):
Now.

Speaker 26 (01:32:55):
Critics are saying the cut to the aid budget is
a betrayal of charitable work around the world. Others are saying, frankly,
we are spending far too much trying to prop up
charities in places like China and India that have space programs.
We don't have a space program and so why should
we be funding them? And it has already been hailed
this increase in defense spending by the US Defense Secretary

(01:33:16):
Pete Hesketh called it a strong step from an enduring partner.
The focus now Ryan will move on to countries like
Spain that spends just one and a quarter percent of
national income on defense. Italy, another big hitter in Europe,
spends less than one point five percent.

Speaker 2 (01:33:31):
This is a big story out of the UK BP,
the energy giant. We all know it. They've got a
big announcement they're making.

Speaker 26 (01:33:40):
Yeah, it's long been mooted, it's long been suggested. We
have talked about this before, Ryan, but now we actually
believe in the next few hours they are going to
come out and say it, and that is they are
going to slash renewable energy investments and instead focus on
increasing oil and gas. In other words, the complete opposite
of what environmentalists are demanding and indeed what the most

(01:34:02):
recent cop agreements have suggested. But of course we've heard
Donald Trump saying drill, baby, drills, suggesting that America is
going to really push to make the most of it.
The UK has at the moment not been giving new
licenses to oil fields that have been found on the
premise that it's trying to hit this net zero goal.
But BP to outline its strategy later. It's under huge

(01:34:24):
pressure from investors. Profits are down, the share price has
been much lower than its rivals, and indeed it's not
alone Shell. Of course, another oil giant, Norwegian company Equinor,
they have already announced they are scaling back their plans
to invest in green energy, and some shareholders and environmental
groups voicing concerns over the potential ramping up of production

(01:34:44):
on fossil fuels. But of course they look across at China,
look across at Russia, and that's exactly what they are doing,
and now look across at America. Five years ago, BP,
once known as British Petroleum, said some of the most
ambitious targets among any big oil companies cut production of
oil and gas by forty percent by twenty thirty and
ramp up investments on renewables. In twenty twenty three, the

(01:35:07):
company lowered this oil and gas reduction target to just
twenty five percent.

Speaker 2 (01:35:12):
Later we expect a new figure. The Isle of Man
is having a look at legalizing assisted dying givin Yeah.

Speaker 26 (01:35:19):
It could therefore become the first place in the United
Kingdom to make it legal. It's being debated in the
parliaments of England and Wales, in Scotland as well, and
then in the Senate in Wales. But it looks in
England and Wales anyway that this is going to put
a lot of pressure on politicians. I think people on
the Isle of Man will and that is the little

(01:35:41):
island between northwest England and Ireland and people on there
are going to be eligible to request assisted dying if
they are terminally ill and expected to die within twelve
months over the age of eighteen, registered with local doctors.
There's been a debate about how long you should be
resident than four Currently it's a minimum of five years residency,

(01:36:04):
so this kind of stops people from becoming you know,
flying over in order to get assisted dying. But at
the age of eighteen, anyone over that and with a
prognosis of twelve months or few are to live will
be eligible under this legislation being debated. It looks like
it's going to get the go ahead now. They've been
talking about it for a long time and big pressure

(01:36:26):
now on politicians in England and Wales to follow suit.

Speaker 2 (01:36:29):
Kevin, thanks so much for that update. Devin Gray, our
UK correspondent. Eight minutes away from so busy a week
at the White House, isn't you what? Kirs Starmer going
there in the next twenty four hours and then you've
got Zelensky going on their Friday local times so probably
said day out time. Eight minutes away from seven News
Talk ZIBB.

Speaker 1 (01:36:46):
It's the hitherto per se Alan drive full show podcast
on iHeartRadio powered by News Talk Zibby.

Speaker 2 (01:36:54):
News Talk zib So. Tourism, we had numbers out today
on spending. We know that the numbers and terms of
people actually coming here, tourists arriving, we're still down about
sixteen percent on pre COVID, so that's not great. But
we did have a glimmer of good news today. Tourism
spending up fourteen point six percent over the past year.
That's good. Overseas spending was up sixty percent, which sounds

(01:37:17):
like incredible, but I mean, obviously still not back to
pre COVID, and the fact that we only lifted our
border restrictions in June twenty twenty two, not that long
ago really, so it's going to take us a while
to get back to dig back to where we were
long way to go. But domestic numbers were down now
I think I'm assuming this is because people are you know,

(01:37:37):
kiwis are now traveling overseas more than they were in
the last year, and so that's down seven hundred million dollars,
down two point five percent. The upshot of all of
this is it accounts for tourism seven and a half
percent of our GDP employment is up twelve percent. It's
our second largest export and it surely will shoot back
to number one at some point, coming up to five.

(01:38:00):
I've away from seven. You're on news Talks beat for
a way, I should say, what are we going out
to tonight?

Speaker 5 (01:38:05):
An?

Speaker 29 (01:38:05):
This is brand spanking new R and it's from Marlon
Williams and from Lord. They have collaborated on this new song.
It is called Manu. It's going to be one of
the tracks on Marlon Williams's upcoming ALBUMA, which is coming
out in April. I think there's a documentary about Marlon
that's going to come out about a month later as well,
in May. But apparently Lord and Marlin are just good

(01:38:26):
friends and just sat down and recorded a song together
and they've put it out today.

Speaker 2 (01:38:29):
So here it is fantastic love Marlon Williams, great guy,
See you Tomorrowhunga.

Speaker 15 (01:38:51):
Northern Garda, Oh Bichanak with De Margo.

Speaker 30 (01:39:14):
Hi Hiadmama, Marini, Toto, Miracle, Thank you Meada, don't you
mek By?

Speaker 15 (01:39:34):
Hey call you her Ganga, Katti Pecca?

Speaker 2 (01:39:41):
How am I.

Speaker 18 (01:39:47):
For more?

Speaker 3 (01:39:47):
From Hither duplessy Alan Drive listen live to News Talks.

Speaker 1 (01:39:51):
It'd be from four pm weekdays, or follow the podcast
on iHeartRadio

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