Full Show Podcast: 27 November 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Pressing the newsmakers to get the real story. It's Heather
Duplicy Ellen Drive with One New Zealand to coverage like
no one else.

Speaker 2 (00:10):
News Talks Heavy Afternoon.

Speaker 3 (00:14):
Welcome to the show. Coming up today, the government's announced
the Tom Phillips Inquiry, which is going to look into
whether the police went in fast enough to get his
kids out. Judith Collins is to us up to five.
The Reserve Bank is worried that we can't get our
hands on cash easily enough anymore. It's got a plan.
It'll talk us through it. And Jetstar is on the
show because I now love Jetstar. Heather Duplicy Ellen, we

(00:35):
will talk more about Jetstar. First of all, though, let's
talk about this. I can't say I'm sorry to see
class action being taken against Transpower for that power pylon
falling over. I was a little surprised to be listening
to my Costing Brieckfast show this morning and hear the
boss of the Northland Chamber of Commerce pooh poohing it
on account of the fact that she thought, ah, it's
just something that happened in the past. We'll need to
move on. And Transpower was great. No mate, Transpower was

(00:57):
not great. Let me remind you, Transpower, so I had
to be dragged by the local MP, Grant McCallum to
finally four months later, agreeing to pay a million dollars
in compensation to the businesses who suffered when they lost
power in some cases for days, in some cases not
in all cases, after Transpower had said repeatedly they don't
pay compensation, so finally they coughed up a million. A million,

(01:17):
by the way, doesn't even touch the sides of what
that outage actually cost businesses, which is estimated to be
somewhere in the vicinity of sixty to eighty million dollars,
So don't tell me Transpower. Good guys here. Transpower actually
also initially, if you remember, trying to hide what happened.
They didn't want to tell us. It was only after
the photos got out showing that some numpty at pulled
out the nuts on three of the legs of the

(01:38):
pylon's base, causing the thing to fall over. That's when
we realized what had happened, and we ridiculed them on air,
both on the show and on Mike's Show, and then
the Minister Simme and Brown forced them to front up,
and that is when they actually fessed up what it
really happened. They didn't want to. So let's not pretend
that Transpower had the back of everyone on this. They didn't.
I don't love the idea that we will have a

(02:00):
culture of litigation, because let's be honest, we are importing
this from Australia, and I don't love the idea of
a culture of litigation. But I tell you what I
love a whole lot less, which is the culture that
we have of the moment of old. She'll be right,
and no one really cares if businesses are forced to
shut down and can't make money. That is pervasive.

Speaker 4 (02:16):
Right.

Speaker 3 (02:16):
We have a case right now that playing out with
water Care in Auckland just allowing poo to be pumped
into the waterways to pollute the oyster growers. And they're like, nah,
this happens, it shouldn't happen. So if this class action
actually forces the likes of Transpower and o'm exim and
water Care to pull their socks up and be afraid
of businesses suing them for stuffing things up, I can't
see that that's a bad thing ever. Do for ce Ellen,

(02:41):
who's the text number we're going to I'd love to
know what you think. We are going to talk to
the KC in New Zealand who is representing all of this,
Mike Colson. He'll be with us after five o'clock. Right now,
it's ten past four. Now, it turns out millennials are weird. Okay, Normally,
what happens in all generations is that as people get older,
they get more conservative. But millennials are doing the opposite.

(03:02):
It appears that as millennials get older, they're getting more liberal.
This is according to the latest Australian Elections Study. Doctor
Sarrah Cameron of Griffith University was a chief investigator on
the study and with us now, hey, Sarah, hi, Heather,
how are you measuring this? How are you measuring the
fact that millennials are getting more liberal?

Speaker 5 (03:20):
So the Australian Elections Study is a representative national survey
of voters in Australia that has been fielded after every
single federal election from nineteen eighty seven through to twenty
twenty five. So what that enables us to do is
to look at the voting behavior of different generations over

(03:41):
that period of time. Now we can see, for an
older generation, like baby boomers, they followed the pattern you described,
whereby they started a bit further to the left and
then they became more conservative as they got older. With Millennials,
this is a group that started further to the left,

(04:03):
and now they're not the youngest group of voters anymore.
That's been taken by Generation Z. Millennials are now in
their thirties and even into their mid forties. And what
we're seeing is that this group isn't becoming more conservative
as they get older. They've actually been shifting to the left,
which is shown by them voting more for labor and

(04:28):
the Greens while the proportion voting for the liberal National Solution.

Speaker 3 (04:32):
But how long have millennials been voting, Well.

Speaker 5 (04:36):
Since about the turn of the millennium, and they get
to the turn of the millennium, you had the yeah, you.

Speaker 3 (04:42):
Have a few elections, isn't it, And are you telling
me that they started left? The millennials name moving even
further left, and.

Speaker 5 (04:49):
They started a bit more balanced, and then they've been
moving left. Generation Z they've started further to the left
of any generation, even more so than millennials. So we're
seeing a pattern whereby well, younger generations are further to
the left, but also they're not showing the pattern of

(05:11):
shifting to the right as they get older.

Speaker 3 (05:13):
Bunch of things. I got to ask you, Sarah, So
first of all, did you only study this in Australia
or was it worldwide?

Speaker 5 (05:21):
So this particular study is in Australia, but many other
times run.

Speaker 3 (05:27):
Is it possible, is it possible that this is more
of a reflection of your own politics where your right
wing parties frankly suck.

Speaker 6 (05:37):
Well, we do.

Speaker 5 (05:40):
Have data on how much people like the political parties
over time, and so we can see whether indeed the
parties are becoming worse over times.

Speaker 3 (05:54):
And you can say you don't know if you don't
know in fact to that, and I think it might
be a specific Australia problems. You have a problem with
your writy parties. What about the other thing that millennials
are also slightly odd in terms of like the generations
that have come before them, in that there are the
younger millennials will not yet have settled down. Border House
really late, We're really late to get to things right.

(06:15):
So haven't yet border House, haven't yet had children. Those
are things that tend tow to force you to become
more conservative. Could that be part of it?

Speaker 5 (06:24):
Yes? Yes, you're spot on in terms of that being
part of it, and in terms of whether this is
something that's exceptional to Australia or not. This is not
just an Australian phenomenon in the sense that some of
the old cleavages that drove voter behavior like class, are
having less and less of an impact over time.

Speaker 3 (06:45):
Oh yeah.

Speaker 5 (06:46):
The new big cleavages which are shaping voter behavior generation,
gender and also education. Now, so to look at gender,
can I just stop.

Speaker 3 (06:57):
You on the education though, that's fascinating, I have got
I cannot tell you how many tics are coming in
right now saying things like this, Hither it's indoctrinated schools
and universities. Hither it is unions who are influencing the teachers.
Is that a possibility, It's what's going on at school.

Speaker 5 (07:13):
So we do see an element whereby university education is
associated with a greater likelihood of voting for parties on
the left. Now, that wasn't always the case. So that's
a newer cleavage that's emerging together with generational change. And

(07:36):
the other one which has really emerged is gender differences
in voter behavior. It used to be that women were
slightly further right and men were slightly further left. Over time,
that gender gap, it's reversed, so now women are further
men are further to the right. But also any gender
gaps in the past were very small, whereas over the

(07:59):
past ten years quite a big gender gap. How does emerge?

Speaker 3 (08:03):
Sarah, thank you for talking us through. And I just
find that absolutely fascinating. That's doctor Sarah Cameron, who's a
political scientist at Griffith University. Millennials have always been a
bit strange, and they now. So I was walking through
the newsroom this afternoon and I looked up and I
caught a copped an eye full of Sky TV and
this was the banner across the bottom, Victoria to apologize

(08:24):
for colonization. And I said, guys, did you read this?
Is this a real thing? When and googled it? Yes,
In fact, the state of Victoria is going to apologize
for colonization. The Victorian government has put out a press
release announcing it's going to make an apology to First
Nations people for the harm inflicted upon them through the
actions and the inactions of the state and the colony
that came before her before it. It's going to be

(08:46):
a lot for Murray Olds to talk us through when
he's with us. Shortly sixteen past four.

Speaker 1 (08:51):
It's the Heather to Bussy Alan Drive Full Show podcast
on iHeartRadio powered by News Talk zeb Heather.

Speaker 3 (09:00):
Wow, I've never heard so much cleavage, Heather. It's just
like a big cleavage, Heather. Schools and universities have a cleavage,
And yeah, I know that's where your mind went, Hey,
out of the gutter. Come on four nineteen Sport.

Speaker 1 (09:10):
With a tab app download and get your bet on
our eighteen bit responsibly.

Speaker 3 (09:15):
Darcy water Grave Sports Talk Hoosters with us.

Speaker 7 (09:17):
Cleavage is astonishing, isn't it When you think about it,
It's just a shadow, that's all it is. It's just
a shadow.

Speaker 1 (09:26):
Sport with tab responsibly and.

Speaker 3 (09:31):
Trying to remind you why you're actually indeed, I am here.

Speaker 7 (09:34):
I am a sports talk host. It's between seven and
eight this evening on this fine station News Talk z
B and we are going to be having Shane Watson
on the show tonight who signed up for the Black Clash,
and we are looking to talk more as well around
the Commonwealth Games and whether people can traction on this

(09:54):
is a difficult one. So balancing who we're going to
get on. We're going to get talk on that. On
the comm games and traction.

Speaker 3 (10:01):
This is a difficult one. Like people don't care.

Speaker 7 (10:04):
Possibly some of them do, some of them don't. It's
interesting to see who does something very passionate about the
comm games. A lot of people are like, mah, what
does that actually mean? I got some opinions on this.
We'll do that later on the piece. But as far
as the ta B is concerned, Thanks very much to
the AKFC, even though I begged Steve Krik last weekend
and make sure your team beat Brisbane because that's my

(10:25):
anchor leg My seven leg Multi and they drew. Thanks
very much, guys that work for you. We are eighteen,
beat responsibly and don't beat what we can't afford to lose.
So it's all I do. It's a better fine, it's
ten bucks because I can afford to lose ten bucks.
I'm plainly not on the salary that a lot of
people are, but I do it. So this is what

(10:46):
I'm looking at this week race cars, because the Qatar
races on this weekend, and this is Formula One and
things have been really thrown up under the air. The
McLaren's basically got disqualified last week. So so I'm looking
at a combination because you can go on there and
you can find single Mace, single race Maltis on it.

(11:07):
So I'm looking at Max first app and warning it again.
Orlando Norris finishing on the podium, Kimmy Anton Nelly in
his merge finishing the top six and a points finished
for Liam Laws and that pays out just over fifteen bucks.
So that's how I'm going to run this week. Plenty
O here Wow. Yeah, I like Formula One. It does
add a little bit more to it. The interesting thing

(11:27):
of Formula one that was after what Liam Wowson did
last week was astonishing third ride the grid, first corner,
straight into pas Street. That was all over. So I
ran out of talent in the first third.

Speaker 3 (11:37):
Hey, Darsie, what is the twenty three twenty thirty com
Games host city?

Speaker 7 (11:42):
Am thatta bird?

Speaker 3 (11:44):
What is INDI isn't that?

Speaker 8 (11:46):
Yeah?

Speaker 9 (11:47):
Is that all?

Speaker 10 (11:47):
Hold on?

Speaker 7 (11:48):
Is that twenty thirty or twenty thirty four?

Speaker 3 (11:49):
No, that's twenty thirty, isn't it? It is twenty third?

Speaker 7 (11:52):
It is twenty thirty because they're often.

Speaker 3 (11:55):
Shaved us at the Games.

Speaker 7 (11:58):
Well, I think that it's got to be take a
made and that's what they're doing in its form, even
though what they've peered it right down for Glasgow, which
is a good idea because it's not the Olympic Games.
It's got to stop pretending to be the Olympic Games.
It's an event. A people love going to events. So
you look at the Black Clash for example. Not a

(12:18):
lot rides on it, but it's an event and people
want to go to events. So a common game's over here.
Imagine if that gun, boot throwing and wood chopping you know,
some distinctly New Zealand flavors of course sevens at netball
and Da da Da da. But an event that people
want to go to, a well run event, it could
actually work, but they can't run simple simple like this

(12:38):
is an Olympic Games. Yes, it just isn't.

Speaker 3 (12:41):
Thank you appreciate it, Darcy water Grove, Sports Talk Coast.
You'll be back at seven. It's full twenty.

Speaker 1 (12:45):
Two, the headlines and the hard questions. It's the mic
asking breakfast.

Speaker 11 (12:51):
Twenty five points. It was cash rate of two point
two five. Christian Orgsby's with us the five to one vote.

Speaker 2 (12:56):
Who's the one not discussed?

Speaker 9 (12:57):
Was it you?

Speaker 12 (12:58):
And not discussed?

Speaker 11 (13:00):
W Because I'm finding the FED fascinating. I know what
the FED thinks and they talk about it publicly. Wouldn't
we be better off if you guys did that.

Speaker 13 (13:07):
I think we're probably on a pathway to do that.

Speaker 10 (13:09):
We need to be careful though, because I look at
places like the UK and the US and you have
all these different members and different corners, and they fighting
their corner.

Speaker 13 (13:17):
They're not listening to each other and sort of trying
to work towards the best outcoming.

Speaker 10 (13:21):
What do you make of that?

Speaker 12 (13:22):
If you're in the market.

Speaker 11 (13:23):
Well, at least you know, though, don't you. Back Tomorrow
at six am the Mike Hosking Breakfast with the Defender.

Speaker 2 (13:28):
News Talk ZEDB digging deeper into the DA's headlines.

Speaker 1 (13:32):
It's Heather du the Clan Drive with One New Zealand
coverage like no one else News Talk ZBB Listen.

Speaker 3 (13:39):
Today, the governments announced the expected inquiry into the handling
of the Tom Phillips case. It's not looking into the
court as and how the family Court dealt with it,
just looking at how the police and audung A tabidicky
handled it. My suspicion is that they will find that
police should have gone a lot earlier. But a lot
of this hangs on the suppressed stuff, right. So anyway,
Judith Collins is with us after five o'clock and we'll
see what she's got to say about that. But now

(14:00):
look across the ditch for worst kept secret in politics
is now barneyby Joyce has just announced that he's quit
the Nationals.

Speaker 14 (14:07):
In any relationship, when it breaks down, you just got
to get to a point where you either live in
sort of better recrimination and continue on with it, or
you get out of it. And I think that's what
I'm doing today, is I'm getting.

Speaker 2 (14:18):
Out of it.

Speaker 3 (14:18):
I tell you what I mean. It sounds super dysfunctional.
He says that the party leader basically gave him about
ninety seconds worth of conversation and that was the end
of that. Now, we were all expecting him to announce
that he was going to go to Paul Hanson, Pauline
Hanson's One Nation Party pretty much immediately, but he says
he hasn't made a call on it just yet.

Speaker 14 (14:35):
I haven't made that decision yet. I've made a decision
this week. Well that's I don't know I've made that decision.

Speaker 3 (14:41):
Yeah, well, who knows. An interesting move from him, because
of course it's the last sitting day of the year
over in Australia, so he's basically just reshaped parliament over there.
We'll have a chat to Murray Olds when he's with
us on this shortly. He's going to be with us
in about ten minutes time. Herether on the millennials being
more liberal. I think it's because of climate change in
the so called crisis. They've only been around for about
fifteen years and they worried up. No, no, no, Diana,

(15:02):
the millennials me, I'm the millennials right. So it's people
who are like, how old are the millennials? Ants? I
am the topic?

Speaker 15 (15:08):
Nine to forty five?

Speaker 3 (15:10):
Twenty nine to forty five, Okay. The problem with the
millennials is how many twenty nine year olds do you
know nowadays who own a house and have children. There's
your problem. Once they settle down, they're gonna stop worry
about climate change, worry about their mortgage and their rates.
News is next sway.

Speaker 1 (15:27):
The day's newspeakers talked to Heather first Heather Duplicy Ellen
Drive with One New Zealand and the power of satellite
mobile new Stalks said be.

Speaker 3 (15:37):
I told judiph of that, so can you come yours.

Speaker 2 (15:45):
Forty?

Speaker 3 (15:48):
It's Netflix back up because apparently it crashed. It crashed
this afternoon. What time did it crash, Laura? Was it
two thirty or three thirty?

Speaker 9 (15:56):
Was it three?

Speaker 3 (15:57):
Okay, so this thing happened today. So today another broadcaster
I'm not gonna name, Radio New Zealand had as one
of their leads. So they are so weird that they
had is one of their lead stories this morning, the
fact that Netflix's Last was going to release the last
ever series of Stranger Things. I looked at that and

(16:17):
I was like, what is this really that important? So
I know, I came to work and I asked these guys,
it's like a Stranger Things, like the biggest show in
the whole wide world. And we I don't think that
we settled on yes, because I don't remember Radio New
Zealand going the last the last ever series of the
Morning Show is going to drop this afternoon at eight o'clock. No, No,
they didn't do that. They weren't like Wednesday Adams, this

(16:39):
show is going to drop tonight, So why on earth
was it Stranger Things is going to drop it? I
didn't I didn't get it. Anyway, it turns out it
must We were we were undecided. We were like, oh maybe,
huh anyway, crash Netflix. So it was obviously a big thing,
wasn't it? But was it really that big a thing? Anyway?
We don't know is Netflix up? I don't know. I
mean we're actually doing, we're working. So there millennials who

(17:00):
are actually working at the moment and have no idea
what's going on on Netflix. But anyway, if you go
to Netflix, this is like a PSA. If you go
to Netflix and it's not working, it's because everybody's watching
Stranger Things when they should be working. Murray Holds is
with us shortly twenty three away from five.

Speaker 2 (17:15):
It's the world wires on news talks. They'd be drive.

Speaker 3 (17:19):
Three people have now been arrested after the apartment fire
in Hong Kong that killed at least forty four people.
Two of the people arrested are directors of a construction
firm and one is an engineering consultant, and the local
fire service says it's been a hard blaze to fight.

Speaker 16 (17:31):
The temperature inside the buildings concerned are very high, so
it's quite difficult for us to enter the building and
go up sirs to conduct the firefighting and rescue operation.

Speaker 3 (17:46):
Over in the US, two National guardsmen have been shot
in Washington, DC. Here's the FBI director Cashptel. Two of
our brave members of the National Guard and the Department
of War were brazenly attacked in a horrendous act of violence.

Speaker 2 (17:57):
They were shot.

Speaker 4 (17:58):
They're in critical condition.

Speaker 3 (18:01):
The suspected tutor is now in custody. And finally cocaine.
So there's a guy who coaches underrates for football in
Northern Ireland and he's been banned because it would appear
that he's mixed up the group chats. So the coach,
apparently by accident, messaged a league wide group chat with
other coaches with a priceless for bags of cocaine and

(18:23):
from the looks of the message, the coke was slinging.
The coach was slinging coke from six am to ten pm,
so pretty much all day and promised proper pure bags.

Speaker 1 (18:31):
Only international correspondence with ends and eye insurance. Peace of
mind for New Zealand business.

Speaker 3 (18:38):
Murrayold's Asy correspondence with us right now, heymus and.

Speaker 9 (18:41):
Very good afternoon, Heaps.

Speaker 3 (18:42):
So tell me more about the Victorian government apologizing for colonization.

Speaker 9 (18:47):
Yeah, this is being reported over here this afternoon by
Sky News. Has been a news release from the government
saying that yes, an apology will be made formal apology
in the Parliament two indigenous people from Victoria. The apology
will be made for quote the harm inflicted upon them
through the actions and inactions of the state and the

(19:09):
colony that came before it. Now, the apology is a
key recommendation of the europe It's called a europe Justice Commission,
and it was a key part of the treaty that
was recently signed the law a couple of weeks back, now,
the first such treaty in Australian history ever. And it
does formally acknowledge past and justice. It sets up new

(19:32):
institutions for accountability and telling the truth about what really happened,
you know, centuries ago. And basically it allows First Nations
people to actually have a bit more of a say
in the decision making that directly affects them. Now, critics
are all over this. I was wishy washy, you know,
it's just it's that it's the federal decision that was

(19:54):
knocked back by the people. But at the state level,
the supporters say it's actually a wonderful even the great
outcome and the process that started here the back in
twenty sixteen. The state government's also committed to including a
whole bunch of new stuff in the education curriculum, which
I suppose in a way it mirrors what's happened in

(20:15):
New Zealand in terms of using traditional names, indigenous names
for areas, for regions, for the waterways and the like,
and other measures to basically improve outcomes for Victoria's Aboriginal people.
So I suppose the prop's going to be in the
eating right, they're pudding. It looks pretty nice according to

(20:37):
the supporters, But let's see how it actually young.

Speaker 3 (20:39):
But so are they So it's not so much that
they're apologizing for colonization. They're apologizing for what they consider
to be the evils that were done in the process
of colonization.

Speaker 9 (20:50):
Well very much. So, yeah, what's my interpretation of it.
I mean, that's the way the treaty reads that. Yes,
I mean, you know, I mean, but James Cook, the
first fleet was not the first people in Australia. They've
been there for sixty five thousand years. And the you know,
the Europeans who arrived on the first eleven ships, most
of them convicts. It was the start of you know,

(21:14):
many people say oppression, the start of dispossession of land
and waterways and the things that matter to Indigenous Australians.
So it's a very divisive issue, as you might expect.
Those on the rights say, oh, it's buddy nonsense, it's rubbish.
Those who are more progressive so it's actually it's a
very good thing. It's a good thing the state can
acknowledge past injustice. So it just remains to be seen

(21:37):
how this, you know, I mean, how's it going to
play out?

Speaker 3 (21:40):
That's what we all want to Yeah, yeah, you're right,
We've got to see the wording of the thing to
really judge it. Now, what's happened to Barnaby Joyce that
he hasn't gone off with his girlfriend Pauline?

Speaker 9 (21:48):
Well, he cooked a misteak dinner the other night in
the sandwich Maker. Would you believe it?

Speaker 3 (21:54):
Yeah, of course, But be that as it may.

Speaker 9 (22:00):
Yes, he is now formally ended. He's been in Parliament
twenty years. He is one of the safest seats in Australia.
The people of Northern New South Wales and his seat
and young they love him, even though he's a fair nakhim.
You're thinking a guy's just a lunatic. And I mean
even as one of his own supporters when it was
closest mates in Parliament accused him the other day of

(22:22):
having attention deficit syndrome. I mean, he just wasn't being
talked about enough. So yes, he's quit after twenty years
with the Nationals. He's going to defect from the party.
Looks like he's going to sit as an independent for
the moment. He'll keep trailing his coat with Pauline looking
for a headline here and there. Anyway, it's what's it matter.

(22:43):
I mean the guys that has been really I mean,
his people up in his electorate love him. No one
in Parliament does. He's just a bit of a joke,
sad joke.

Speaker 3 (22:50):
Sadly maz, thank you, I appreciate it. I'm looking forward
to seeing how that goes down with the two of them.
Murray Old's Australia correspondent. I'm seventeen away from five Heather Dupersla.
So the new CEO of Air New Zealand just continues
to say weird things. Today he's complaining to Business Desk,
we're reporting it. He's complaining about airports in New Zealand
giving Jet Star discounts like sweetheart deals, which helps Jetstar

(23:15):
to undercut Air New Zealand. Now his complaint is that, sure,
the discounts are a thing, and they do it all
the time, and that's fine, but the discounts are supposed
to have like an endler, you know, an end point,
and in his to his mind, they just keep going
on and on and on and on, and the airports
keep on trying to help Jetstar. Anyway, the airports have
come back because they've got a little you know, union
of airports, and the spokesperson says it's complete nonsense. Airport

(23:38):
charges across the domestic network typically in the range of
ten to twenty dollars. They are not the reason that
Air New Zealand is charging up to one thousand dollars
for a return fare. That argument simply does not stand
up to scrutiny. Here here, Billy Moore. Anyway, what is
weird about this is that the new CEO of Air
New Zealand since he's taken the job, just all he's

(23:58):
done is complain about how hard it is to run
an airline. If it's so bloody hard to run an airline,
why did you take the job running an airline? But
whatever it look, I'm not going to judge you. You
do what you need to do. But anyway, you know,
you know I'm warming up, aren't I. I'm like, I'm
like Barnaby and Pauline. I'm warming up to jet Star.
I'm getting there with Jetstar Jet Stars on the show
after half past five.

Speaker 1 (24:19):
Politics is next, Politics with Centric Credit, check your customers
and get payments certainty, Heather.

Speaker 3 (24:25):
Netflix is working for me and Wellington the ego. Netflix
is up again. If you want to what well I mean,
you wait till seven o'clock, then you can watch it.
Then wait till seven o'clock like a normal person to
watch taly and then you can watch it. Thirteen away
from five and Thomas Coglin, the Herald's political editors, with me,
Hi Thomas, good afternoon. Right, so we've got the inquiry
into Tom Phillips.

Speaker 17 (24:41):
Yes, yes, yes we do so announceday a general inquiry
into the government's actions during that led to the Tom
Phillips sort of situation. Some thing's excluded specific decisions at
the family court, but it's quite a wide ranging inquiry
into the decisions of furious government agencies during that period,
and it ends basically at the time that the children

(25:03):
were found and taken back into stake here.

Speaker 3 (25:06):
Okay, obviously, and I'm not going to ask you to
comments on it, but the obvious problem here is that
there is there is suppression on very key elements of this,
which means that it's going to limit isn't it what
they can talk about publicly, And it's probably the reason
why it's private rather than publicly out.

Speaker 17 (25:23):
Yes, precisely, it is a It is an incredibly complicated
inquiry and obviously there are some real questions to be
asked and answered here because there's clearly some mistakes were
made at a point along the way. But obviously, given
given the massive sensitives around what happened, the government is
sort of limited and where it can go and what

(25:44):
it can do at the stage.

Speaker 3 (25:45):
Yeah, Now, it doesn't sound like labor loves having Michael
Wood back, is it.

Speaker 4 (25:50):
Yes?

Speaker 17 (25:51):
Well, and that's that's a very various dute observation. And
I guess to that you'd have to say, well, which
part of Labor is not happy about having Michael Wood back.

Speaker 10 (25:59):
I think there is.

Speaker 17 (26:00):
Obviously the Chrisipkins kind of project is quite a centerius project.
He's obviously been pulled aweep it to the left and
opposition agreeing to this capital gains tax. But Michael Woods
beloved of the party's left. He is beloved of the
party's of progressive wing, and is a bit of a
standard bearer for that that part of the party. And
and and so that part of the party is very

(26:22):
excited to have Michael Wood back. And in Chrisippins pre interview,
sorry pre conference interviews later, it's got this conference this weekend,
he told the Post, and he actually told the Heralds
as well, that that that Michael Wood is gonna have
to sort of, you know, win back some trust in
order to elevate himself within within the Labor Party and

(26:43):
into a potential Labor cabinet should it win the election.
What is the trust that he's breached, Well, I suppose
it's it relates to the the circumstances of his office,
the grace, the shares, and I mean you know, I'm
not sure about you, but personally, I think he's probably
probably served his time on that one. Like it was

(27:05):
definitely embarrassing and definitely a total screw up, but obviously
he got what he had to resign, he lost the seat,
he's served his time on the bench, and I probably
think it's that's probably the punishment fitting the crime.

Speaker 3 (27:20):
Yep. I look, I would agree with you. Did you
think he still harbor his aspirations to be the leader?
And is that probably part of the reason maybe why
Chippy's not super keen on it.

Speaker 17 (27:28):
I would say that most in peace, I think, contemplate
a circumstance which would see them as the leader of
their party and perhaps the prime minister. And I think
Michael would have certainly one of them. And certainly, you know,
he's an ambitious guy who's decided to give politics another cracks,
So you know that sort of speaks for itself.

Speaker 3 (27:45):
Now, I suppose. So Hey, thank you very much, Thomas.
I really appreciate it. Thomas Coldlan, the Herald's political editor.
Here's here's Audrey Young's newsletter this week. Let me read
you a portion from it. Speaking of books, News talk
Z'DB host here the duplacy. Allen told listeners this week
that Marry Soper, her regular senior political correspondent, would be
off this week because he was putting the finishing touches
to his book. It is an anecdotal account of the

(28:07):
twelve prime ministes he's covered since the nineteen seventies. And
if you know it, if you know Barry like we do,
he'll dwell extensively on his time with Muldoon. In fact,
I wouldn't be surprised if every chapter refers back to Muldoon,
Like he'll just segue in the middle of Jacinda and
just start talking about one time during Muldoon's time. It's
being published, but it was must have been as good times,

(28:30):
do you know what I mean? Like those were the
halcyon days where you could just drink and smoke and
do all this stuff and nobody really cared, so the
Prime Minister was doing it in public. It's being published
by HarperCollins later next year, and Soper tells me as
in like Soper tells Audrey that Helen Clark and John
Key have agreed to write the forward. The cinder must
have said no nine away from five, oh, I should

(28:51):
actually more, the most important part actually of Audrey's newsletter,
and Audrey is an authority on these things, is her
piece on the so coup that was happening in the
National Party. Here lemme read it. There has been one
important outcome, however, of the chat, and that is that
Bishop can be considered the principal alternative to Luxeon if
it came to it. There will be no coup that

(29:14):
would ensure a landslide defeat for the party. But in
the unlikely event that National's polling did hit hit the
mid twenties next year, Luxon would be likely to step aside,
and Bishop has become the most likely to succeed him
in such circumstances. And then she goes on to say
that the chat didn't just come out of out of nowhere,
and it wasn't Matthew Houghton's stirring nonsense like he you know,

(29:34):
occasionally does. It was real, and it came from the
EPSOS monitor pole, which was released last week. But so basically,
if we could tie a bow on this thing, there
really was chat, There really was consideration. It came because
of the IPSOS monitor pole, which put laborer ahead, you know,
read the cost of living, but it has now had
a lid put on it. There will be no coup
watch if the polling hits mid twenty next next year,
and then Luxen will stand down. Thank you, Audrey. Okay,

(30:01):
it's five away from five. I can't quite believe it,
but somehow there are people in this country who have
managed to take that math success story that we were
talking about earlier this week and turn it into something
that they're not happy about. So this is the Principal's
Federation which has gone public with the fact that they're
not happy with the math results from Erica Stanford this week.
Now you know what we're talking about, right, This is
where they took the year sevens and eights who were

(30:22):
struggling with maths, and then they taught them really intensively
maths for twelve weeks and then at the end of
that those kids had caught up on like two years
worth of maths.

Speaker 10 (30:31):
Right.

Speaker 3 (30:31):
So the problem that the Principal's Federation has with us
is that they reckon that everything's been gained to look
better than it actually is. Their problem is that the
kids were tested at the start, so they were tested
on a thing, then they were taught the thing for
twelve weeks, and then they were tested on the thing
at the end of the twelve weeks, and they did
better at the end of the twelve weeks because they

(30:52):
just met the last twelve weeks learning the thing, so
of course they were going to do better at it. That,
my friends, is how education works. Like that is literally
what we are supposed to be doing to kids all year.
Every year. We're supposed to teach them for six months
or a year and then test them on the things
that we've just taught them and see if they know

(31:12):
the things that we just taught them. And of course
they should be better because they just spend the last
bloody whatever learning the things. Anyway, the fact that the
principles are upset that this is how it works suggests
to me that maybe they don't know how education works,
and maybe that is fundamentally the problem that we have
with the education. Anyway. The next problem that they have
is that they think it doesn't really show you the
difference between the kids memorizing the maths and long term

(31:34):
learning the maths. Again, that will be tested with another
test that would happen in another twelve weeks to see
whether they can still retain the stuff that that went
honestly all or I just I feel like before any
of these education here's my tip to the educators gave
before you're going to go out and winge about what
appears to be a massive and welcome turnaround in education.

(31:55):
Just go out and find any normal person out on
the street, right, Just any normal person. Just grab them
and be like, hey, can I just tell you something?
Just test this on you and just see what you think.
And if they look at you like you're an idiot,
don't say it out loud. Now we're going to talk
next to Judith Collins about the Tom Phillips inquiry. After
that we'll have a chat about the class action lawsuit
against Transpower, and then the Reserve Bank is worried that

(32:17):
we don't have enough access to cash, especially in rural
areas where the banks and the ATMs are disappearing. They've
got a solution. We'll talk through NEWSS.

Speaker 1 (32:45):
The only drive show you can trust truck to ask
the questions, get the answers, find the and give the analysis.
Here the duplicy Ellen Drive with One New Zealand and
the power of Satellite Mobile Newstalk.

Speaker 3 (33:01):
Good Afternoon. The government has announced the public Inquiry into
the Tom Phillips case. It'll be led by Justice Simon
Moore Casey in private without public hearings to protect the children,
and it will investigate where the government agencies like the police,
took all practicable steps to protect the children and get
them back due to the Collins Is the Attorney General,
Hi Judith oh, Hi Heather, does the fact that you've
called this inquiry suggest that you do not think or

(33:23):
you're not sure that they took all practical steps?

Speaker 18 (33:26):
Well, I, like many other members of the public, would
like to know exactly what was done and when, and
whether or not there were other things that government agencies
could have done. And it's not just about that, but
once says children get a bit older, they should know
for certain exactly what was done to save them from
the situation. And at the moment, like most of us

(33:49):
were in the dark on it.

Speaker 3 (33:51):
There seems to be a little bit of upset as
to why this inquiry is not looking into the courts.
What's going on there.

Speaker 18 (33:58):
The courts themselves?

Speaker 3 (33:59):
Well, family Court.

Speaker 18 (34:01):
Oh well, because the Family Court we have this concept
and principle of committee between the court's Parliament and the
government where we don't go into individual cases, and we
can't because we don't live in a country where governments
and politicians get involved in individual cases. But the other
thing is too is that you know, so if someone

(34:21):
wanted to, if we want to have an investigation to
the family courts and how they operate, that would be
that could take years and it would also not be
about one particular case. In this situation, what we can
look into is what government agencies knew, what they did,
what they didn't do, should they have done more, was
there anything? It will, in fact course look at their

(34:45):
what they told or what they gave to the family
court as well. But what it won't do is we're
not going on some witch hunt in the family court.

Speaker 3 (34:53):
Now, how are we going to talk about this in
the outcome of this, especially read the police, when the
most important information remains suppressed and probably will always be suppressed.

Speaker 18 (35:04):
I think the most important information deals with the children
and what effects what's happened these last four years have
had on them, and I think that has to be suppressed.
And I'm sure that you'll agree with me that they.

Speaker 3 (35:20):
Know I'm not arguing about that. But if we can't
even like if the public can't even be told that information.
How can we properly assess whether the police have done
the right thing here?

Speaker 18 (35:32):
Well, I think leave it to the inquirer. I believe
that the terms of reference are wide enough for the
inquiry to look at what the police did, but what
other agencies did, What did all rung and Tamariki, the
Ministry for Children, what any other government agencies involved, What
did they do and what they didn't do? I think

(35:52):
that is the right thing for this inquiry.

Speaker 3 (35:55):
And I realize it's.

Speaker 18 (35:56):
Really difficult for people because they're used to a lot
of these sorts of inquiries being public. But there are
very extensive suppression orders in place in the courts and
we cannot disregard those, and particularly when they're there in
the interests of children, we simply cannot do anything about that.
And the alternative is we wait for years and years

(36:19):
and years and don't actually know what the answers are
to what could have been done better?

Speaker 3 (36:24):
Judith, just on another subject, where are we at with
the sacking of Andrew Costa?

Speaker 19 (36:28):
Well, the issue with.

Speaker 18 (36:30):
Mister Costa is with the Public Service Commissioner. I obviously
don't get involved in that and can't and it is
a matter between himself and the Commissioner.

Speaker 3 (36:44):
Judah, thank you very much, appreciate your time. Judith Collins,
the Attorney General eleven.

Speaker 2 (36:47):
Past Heather Duplicy Ellen Northland's.

Speaker 3 (36:50):
Entirely avoidable multi day power outage is headed to court.
Two firms, one of them are law firms, one as Australian,
one as New Zealand, have launched a class action lawsuit
against Trance and the contractor Omixom, whose staff member pulled
the nuts out of pylon's legs which caused the thing
to fall over. This whole thing cost Northland businesses millions.
Mike Colson Casey is helping with the case.

Speaker 10 (37:09):
Hi Mike, Hi, how are you?

Speaker 3 (37:12):
I'm very well, thank you. What does it makes you
think you've got a case here?

Speaker 10 (37:16):
I can't get into the precise prospects of the case
because it's before the courts, but I think the two
independent reports really speak for themselves. There was one that
was commissioned by Transpower and there was one that was
commissioned by the Electricity Authority. There's some fairly strong factual
statements in those reports and that's really the basis of

(37:36):
the case.

Speaker 3 (37:37):
Do you have like a handle yourself on how much
business is up in Northland actually lost during this power outage.

Speaker 10 (37:44):
We don't have that precise a data at the moment.
There were, as you may recall, reports at the time,
there were estimates by economists as to what the losses were.
We have done some sampling amongst the businesses which we
can extrapolate that we probably don't want or can't get
into the precise details of losses at this time.

Speaker 3 (38:04):
Now, can I deduce from the fact that Omni Bridgeway
is funding the case that Omni Bridgeway thinks there's a
reasonable chance of success here?

Speaker 10 (38:10):
Yes, I think that would be Omni Bridgeways view. There
obviously a commercial litigation funder the use to making decisions
on which litigation they want to back, and they're backing
it with a considerable amount of money.

Speaker 3 (38:22):
When when the payout, if there is a payout, when
that is finally determined, is it based on is it
likely to be based on what the actual losses were,
or is it based on actual losses plus a whole
bunch of other stuff.

Speaker 10 (38:37):
Ultimately, if we were successful and there's a whole lot
of hypothetical associated with that, of course, Heather, it would
be based on the businesses actual losses, So we would
be asking them to put forward sworn statements and other
evidence as to the losses they've suffered, and they be
distributed proportionately according to that. Again, I should say that's

(38:57):
all of subject to the court's orders and applications of
them the future. But that's the usual process now.

Speaker 3 (39:02):
Mike, I heard a little bit of commentary this morning
on Mike Hoskins Show that suggested that this is not
the key we weigh and we don't want this kind
of litigation coming into the country. How do you feel
about it?

Speaker 10 (39:11):
Well, in terms of this pipe of litigation coming into
the country, it's just rereading a Law Commission report from
a couple of years ago which indicated there've been forty
seven class or representative actions approved in New Zealand in
the last twenty years. It's not something that's particularly new.
Some people may oppose class actions, and that's understandable if
they wish to do that. But I suppose what this

(39:33):
is about really is giving northern businesses an opportunity potentially
to be compensated, and second, an opportunity potentially to incentivize
those working on critical infrastructure to take reasonable care or
do a good job out of it. Now, as I
should stress the orders we are seeking what are called
opt out orders. That means that a Northland businesses or

(39:57):
a particular Northland business doesn't want to be part of
the litigation, they can opt out and they will no
longer be part of it. Otherwise they're deemed to be
in that it's entirely their decision as to whether or
not they want to remain in.

Speaker 3 (40:09):
Yeah, Mike, listen, thanks for talking us. I appreciated Mike
Colson kc here that everyone knows the suppressed information. Brendan
maybe so I suspect not everyone, but I suspect enough
people to make this kind of slightly ridicill us. I've
got some really good economic news for you, so I'm
gonna have to share that with you shortly. But next
let's talk to the Reserve Bank about running out of cash.
Fourteen past five. All right, listen up, because the latest

(40:30):
independent key we Save A results might just be the
nudge that you need to take a fresh look and
make sure that your money is actually really working for
you now. According to the latest Morning Star Key we
Save a report, to the end of September, Generates Moderate
Fund ranked first, their Focus Growth Fund ranked second, and
their Growth Fund ranked third in the respective categories for
ten year returns. Now, that is podium finishes all round,

(40:52):
and it is not the first time for these Generate funds.
These three funds have been in the top three of
their categories for ten year returns every quarter for the
past two years. And performance, as you know, performance like
that can really add up. Generates Focus Growth Fund delivered
an annualized return of ten point two percent over ten
years compared to the category average of nine point seven percent,
and that difference, if you compound it over time, can

(41:13):
make a lot of a difference at retirement. Over one
hundred and eighty thousand Key, we already trust Generate to
grow their savings. It just takes a few minutes for
you to switch over. So just head on over to
Generate key wesave a dot co dot in stead forward
slash start and for full details and returns disclosures and
the pds visit Generate key wesave a dot co dot
in z slash disclosures. Now the issuer is Generate Investment

(41:34):
Management Limited. And remember past performance does not guarantee future
returns together do for Clan eighteen past five. Now the
Reserve Bank is a little bit worried that we might
start finding it a little hard to find cash, you know,
with the old ATMs disappearing in the banks pulling out
of rural areas. So it's got a plan. It's opened
a cash depot for people in why Pokao just to

(41:55):
see how it goes. It's part of a twelve month trial.
Up to now, these people had to drive fifty k's
just withdraw cash. Ian Wolford is the Reserve Bank's Director
of Money and Cash and with us now hi Ian
hi okay. So this cash depot, how does it work?
Is it basically you guys running your own minibank.

Speaker 13 (42:12):
Sort of, although it's really just about the cash. We're
not giving out loans or anything like that. But what
it does is it lets retailers come in and they'll
be able to deposit money they can make change. This
is one of the issues that retailers have rights banks
withdraw from rural areas, actually having the float, being able

(42:33):
to deposit the money, all those sorts of things. So
we're trying to find solutions for that to make it
easier for retailers.

Speaker 3 (42:39):
Right, but what about the average punter? Because this is
only for businesses and boards of trustees at schools and
so on and so forth. What about if you just
have a punter who wants to withdraw I don't know,
three hundred dollars.

Speaker 13 (42:50):
Yeah, So at the moment, we focus on retailers, and
I'll tell you why. It's because it's quite surprising about
a third where people get their money from is actually
from a retailer and cash out. But what's happening people
might be noticing retailers are increasingly saying, well, we don't
really want it set cash because it's getting too expensive
for us to handle, and it's just a bit too

(43:11):
difficult because the ATMs and the branches are disappearing. So
what we're trialing is if we make it easier for
retailers to get changed so they can deposit, they can
get the float, et cetera. And this isn't quite live yet,
but it's about to go live. It's part of the trial,
and we actually reimburse the retailer for giving some cash.
Art does that actually change people's behaviors? So that helps

(43:36):
ungum the system. You know, you can you've still got
the choice of using cash when you want to. So
at the moment it's just the retailer cash depot. But
in the future, you know, we're exploring all options.

Speaker 3 (43:50):
Interesting and thanks very much for talking us through at
an Wilford Reserve Bank Director of Money in Cash, it's
got to be one of the coolest job titles out.
This is the good news I have for you, goodie
pomic news. Business confidence is up now at a level
that we haven't seen since twenty fourteen. It is just
at the highest eleven level in eleven years. This is
according to A and Z. It says confidence has jumped

(44:12):
another nine points. Was fifty eight it's now sixty seven.
Expected own activity has lifted eight points to fifty three,
also the highest in a decade. And what's even better
about this is this is not eerie fairy hopes and
dreams stuff. Only A in Z says. The optimism seems
rooted in recent experience. Past own activity has leapt from
plus five to plus twenty one, which is the highest

(44:32):
read since August twenty twenty one. So, guys, it's on
five twenty one.

Speaker 1 (44:37):
The name you trusted to get the answers you need,
It's Heather duplicl.

Speaker 2 (44:42):
And drive with one New Zealand coverage like no one
else us talk.

Speaker 3 (44:47):
They'd be here the transpower. We'll have some public liability
insurance good so that insurance money can be paid to
the people in Northland who suffered five to twenty four. Listen,
Can I give you a positive spin on the recession
that we're just coming out of. Maybe it's not so
much a positive spind but maybe it's an explanation for
why this recession was harder than it needed to be,
but why it actually did need to be this hard.

(45:07):
If you've been following the commentary around the Reserve Bank's
last two OCR decisions, you'll know there's been a fair
bit of chat about the wealth effect and how that
has made the recession worse.

Speaker 9 (45:16):
Now.

Speaker 3 (45:16):
The wealth effect is the thing that happens when your
house goes up in value, you feel rich. You're not rich.
You feel rich, so you go out and spend more money,
and then, of course when it does the opposite and
goes down in value, you feel poor. You're not poor,
you just feel it so you shut your wallet. And
that is part of the recession, the reason why this
recession has dragged because our house prices are not going up,
they have gone backwards, and so we're not spending, which

(45:37):
means that we're not spending our way out of the recession. Now,
the thing about this is that the Reserve Bank has
actually done things to deliberately keep our house press price
is suppressed, right, things like debt to income ratios. Some
of the stuff is not their fault, like people leaving
the country and therefore not wanting to buy a house,
supply demand blah blah blah, but some of it is
the fault of the Reserve Bank. Have done this deliberately.

(45:58):
And I warned you about this on the show before
I said this to you in August, I said I
was worried that the Reserve Bank was keeping house prices
depressed and that it would drag out this recession longer,
which it has. And I've been talking privately to Brad
Olson about it as well, who's been keeping an eye
on it two and we've been debating the merits of it.
But here's the silver lining. We actually needed to let
go of this property recession. It's been hard, a property obsession,

(46:21):
it's been hard, but we needed to do it because
we have got to stop putting our money into property,
and we've got to start putting our money into businesses
and other productive assets. And this is the breakup that
we needed to have. No breakup is nice and this
one isn't either. So we do our text Brad Olson
this morning, yet again he goes, oh, here we go
use a text from Heather. I said, Brad, are you
still sure that it was worth it was worth it

(46:43):
to break up with our property obsession, given how hard
it has made this recession? And he just replied with yes,
I do. So what I would say is, if you're
doing the glass half full, at least we will come
out of this recession less in love with houses and
more likely to put our dollars into stuff that will
actually make New Zealand richert And that's got to be.

Speaker 2 (47:01):
A good thing. Ever day, I've done it.

Speaker 3 (47:04):
I've booked on the Orange Bird. I said to you
that come this time next year, I'd be flying jet Star.
I'm telling you now, come this time next week, I'm
going to be flying jet Star. So what the event
is on?

Speaker 9 (47:16):
You?

Speaker 3 (47:16):
Remember I was telling you that the event was off
because I couldn't justify flying with the New Zealand it
was too expensive. I spoke to the boss and he
was like, you've got to go to this event. So
I was like, well, you know, like I'll pay for
the flights, and so he paid for that and then
I had to beg him. I was like, can you
please put me on the jet Staff flight back? And
he was like, no, I don't want to know you've
got we want to make sure that you get there.
You can't fly Jetstar and I was like, I'm more
likely to get there with Jetstar mate.

Speaker 9 (47:38):
So he like.

Speaker 3 (47:39):
We had a debate because he's still a snob, still
a snob about in New Zealand. Anyway, eventually he put
me on the jet Staff like the jet stafflight actually
works out better. But then I had to ask for
kids in the newsroom. I was like, does jet Start
have an app? M? Yes, JIT downloaded the app and
I put I put the I put the flight. I've
got it all, I've got I know everything, I'm doing it.
I'm doing the Orange. And then on Thursday and then

(48:02):
Bean who sits behind me, said to me, you know
that there's a full bar on the jet Staff flights
and you can order a Gin and tonic. You don't
even have to wait for Koru hour. How good is
this boss of jet stars with us next.

Speaker 1 (48:18):
On your smart speaker, on the iHeart app and in
your car on your drive home, it's Heather Duplicy Ellen
Drive with one New Zealand had the power of satellite
mobile news talks endb.

Speaker 3 (48:33):
Hey, Actually brad Olsen is going to be on the
show with us later on and he's just pointed me
to an article from Reuter's actually having a look at
what's going on in this country and the wealth effect,
which I might read a little bit to you before
we get to him. Interesting for the first time, if
you don't pay your taxes to ID, they're going to
send you to Centrics, so everybody's going to be able
to see it. You're not paying your taxes to IID

(48:53):
and it's going to affect your credit rating, which apparently
the Australians do. But we've never done it before. So
we're going to talk to Centrics about it and give
you some details about that shortly right now, As I say,
I should actually tell you this though with us after
six o'clock right now it is twenty four away from
six now. As I told you earlier, the air New
Zealand CEO has taken a crack at Jetstar. He's complained
that the country's airports are giving Jetstar discounted landing fees,

(49:17):
which then undercuts in New Zealand on the most profitable routes.
Steph Tully is the CEO of jet Star. Hi Steph, Hi, Heather,
how are you? I'm well? Thank you? Has the air
New Zealand CEO got a point?

Speaker 20 (49:30):
I think you know, we at Jetstar are very focused
on running our own race and the reality is we've
been trying really hard to make sure that we've got
a great value proposition in the New Zella market and
it's great that more kewees are giving us a go.
And I think the reality is airports will always look
to have agreements. They're obviously incredibly confidential, and where our

(49:52):
lines are growing, they will they will do, you know,
agreements to attract growth. And so we've been fighting hard
to do that, as we should, because we fight hard
on all parts of our business to get it to
perform the best it should so that we can keep
offering wafares for Kiwi.

Speaker 3 (50:07):
What are the discounts worth? I can't even.

Speaker 20 (50:11):
Share, Heather, because it's very commercially well, okay, Billy Moore.

Speaker 3 (50:14):
Billy Moore from the airports reckons it's about ten to
twenty dollars domestically.

Speaker 20 (50:19):
It totally depends on the agreement, the amount of growth,
how much you know flying you've got there, but that
they are things that have been a long held part
of our industry. So all airlines can have those discussions
and get those things. So I would recommend all airlines
do that.

Speaker 3 (50:35):
And so is your advice in New Zealand. Go and
ask for a discount yourself if you want one.

Speaker 20 (50:40):
Well, but more just run your business. My view is
Jet Stars worked really hard in New Zealand to make
sure we're a better proposition than perhaps Kiwis have always
given us credit for. And I look at our business
and this year, over the last twelve months, we've beaten
in New Zealand on time performance, We've beaten them on cancelations.
We've canceled less and if you look at the Tasman

(51:03):
it's significant gap. So we're forty percent less expensive at least.
But our proposition is good. So I know it takes
a long time to perhaps you know, move from experiences
of the past, but I don't know how you look
at that and don't give Jetstar a go. We're very
passionate about Kiwi's having a second choice.

Speaker 4 (51:20):
Yeah.

Speaker 3 (51:20):
Now, can you track or do you track the number
of new customers coming to you guys?

Speaker 20 (51:26):
Oh, we have ways we can sort of triangulate it
and have a look, and we definitely feel like Kiwis
are giving us more of a guy.

Speaker 3 (51:32):
Is that what's happening, because this is what I'm hearing
is a lot more people are starting to give you
a go because of the New Zealand's prices. Is that
what you're seeing?

Speaker 20 (51:40):
Yeah, I think we do say it. Obviously we're the
smaller player, so we just you know, fighting hard to
be valuable and we've had some growth there. We've got
another plane over there, We've got you know, almost five
hundred passionate stuff over there, working really hard to be
a great airline. So I think we're seeing some people
giving us a go, and we want that. You know,
you'll keep fighting hard to keep our costs low to

(52:03):
be innovative so that we can keep offering low fares,
and our fares are significantly lower. So I think Keewis
are fighting it harder to justify not giving.

Speaker 1 (52:11):
It a go.

Speaker 3 (52:12):
So I have boxed my first jet staff light in
about welcome when we're twenty years I'm flying next third.
My boss said, I'm not allowed to tell you because
then you're going to give me special treatment and you
can make sure the plane goes on time. Blah blah
blah blah whatever. I don't care on time. That's what
I said to him. I was like, you will, you
will get our normal jet style service. But what I

(52:35):
was then told because then I got very excited Steph
and that I downloaded the app. I didn't even know
you had an app. Downloaded the apput my flight into
the whole thing, right, he goes a proper first world airline,
it would appear. And then Ben, who sits behind me,
said to me, you know that you can order a
Gin and Tonic when you're on their plane.

Speaker 2 (52:50):
Is this true?

Speaker 9 (52:51):
Of course?

Speaker 3 (52:52):
Yeah, yeah.

Speaker 20 (52:52):
So the whole, the whole low fares model is that
we unbundle so we can give you the lowest fair
but then you've got the ability to make choices about
how you fly. So you're your Gin and tonic, you
can order it. You can you know, you can order
food if you're hungry. You can order extra baggage behind.

Speaker 3 (53:08):
It anytime, Like I don't have to wait for Do
I not have to wait for korey hour for them
to give me something nice?

Speaker 20 (53:13):
I can any flight, I mean you have you have
to obviously give pay a fee for the for the drink,
Well that's fine, but I can have it.

Speaker 3 (53:21):
This is wonderful.

Speaker 20 (53:22):
Yeah, absolutely, And there's some things that are really unique
about the Jets do New Zealand proposition. We've even got
points and status on affares over their Quanus freaking flypoints,
So you know that we realize we have to, you know,
do some things a bit differently in that market to
try and be a legitimate competitor given the given the
strength of the national carrier. But we're doing all we
can to be to be a really legitimate choice. And

(53:45):
that's if you're on a ledsure, but also if you're
on business as well.

Speaker 3 (53:48):
Stiff, thank you, I appreciate your time. We'll talk again
after my flight on Thursday, Stiff Tally Jetstar CEO. Obviously
I'm not going to talk on air like nobody needs
that much of a level of an update about a
plane right nineteen away from six.

Speaker 1 (54:00):
With New Zealand, Southby's International Realty, a name you can
trust locally and globally.

Speaker 3 (54:05):
Right on the headdle with me. This evening we have
Gareth Hughes, director of the Well Being Economy Alliance out
here or a former Green MP, and Nick Leggett Infrastructure
New Zealand. Hello you too, Hello Nick? Do you fly
the jet Star?

Speaker 9 (54:18):
I don't.

Speaker 6 (54:18):
I don't, but I am, you know, like, I think
that this is fair, you know, fair enough for regional
efforts to be doing this. This is about competition and
ultimately the people that went out of Colt competition are
the kiwis that are flying around the place you need
to get from one destination to another. So I think

(54:40):
that this is fair enough. And it's not as though
here in New Zealand don't use their mite and aggression
to drive their bugs and this is just a bit
of balance.

Speaker 3 (54:53):
Gareth, do you fly the jet Star?

Speaker 9 (54:55):
Oh?

Speaker 12 (54:55):
Occasionally. I've been pretty loyal to Air New Zealand over
the years. But they had like five hundred dollar flights
from Auckland to Wellington last week, so I was looking
at Jetstar, have been booking some flights and.

Speaker 3 (55:06):
Then what happened? So you looked at Jetstar and then
what happened? Gareth?

Speaker 12 (55:09):
Oh, No, I have been booking some Jetstar flights. I
mean that it is cheaper. And this is the irony
for in New Zealand right, it's the Barbara strays and effect.
They've now just given a massive marketing opportunities to get
to talk about how much cheaper they are.

Speaker 3 (55:21):
Yeah, why don't you know?

Speaker 12 (55:23):
Yeah, you're a big business.

Speaker 9 (55:25):
You know.

Speaker 12 (55:25):
They should be focusing on their business. They've got a
lot of issues from grounded planes to a massive strike
next month. I mean, I think they should be welcoming competition.
I think Keewis would love to see more competition on
most of their air routes. They've got eighty six percent
of the country's edge effect at the moment, so yeah,
I'd like to see them welcome competition.

Speaker 3 (55:43):
Okay, now, Nick, why don't you fly Jetstars? It because
you're a snot.

Speaker 6 (55:47):
No, No, I'm not like you either. I And look
I am an oyal in New Zealand customer and.

Speaker 3 (55:56):
I think because you've got Boru, that's what it is.

Speaker 6 (55:59):
Well, that may have something to do with it. There
are just there are more options and I think that
from memory and this may go back a few years.
You have to really get to the airport a lot
earlier for a jet Star flight as you're flying Walklorn
to Wellington and you know, I.

Speaker 10 (56:17):
How much ten? Yeah?

Speaker 6 (56:19):
Okay, well sometimes ten minutes can be the difference between
getting the flight and not.

Speaker 3 (56:23):
You're open, ye, then you'll get over it, because I'm
getting over it. I've decided to what I would in
the past have said was slummet. But I'm about to
discover I'm not going to slum it because I'm going
to be having a Gin and Tonic and you're going
to be sitting there just eating your casava chips. And
that sucks, doesn't it. Gareth? How do you feel about
transport pat transpower being sued and the importation of a

(56:46):
culture of litigation.

Speaker 12 (56:48):
Well, we don't really have this history of big class sections.
They're pretty rare in New Zealand. And you know, if
you look at acc right, I'm pretty I'm really proud
of our country and our model that we've avoided that
whole America and style constantly suing each other. And I
think in this case, you know, the only victim, or
half the victim, will be the taxpayer because Transpower, you know,

(57:10):
is a state owned enterprise. So it's pretty refreshing actually
to see. Then also, and Chamber and Commas chief executives say,
you have local businesses are just ready to move on.

Speaker 3 (57:18):
But but Gareth, they have they'll have an indemnity insurance,
they'll have insurance.

Speaker 12 (57:24):
Yeah, that's possible. And I know they've already donated a
million dollars.

Speaker 3 (57:27):
Donated a million dollars. Gareth, listen to yourself. These these
are people who lost sixty to eighty million dollars. It
was not a donation. It was like the tiniest bit
of combo, wasn't it.

Speaker 12 (57:40):
Yeah, But that's what's so interesting about it, right, it
looks like potentially free money. It's a you know, you
only pay if you win. But it looks like local
business is the same. There isn't much demand. It's interesting
this litigant hasn't an out company. Local companies are part
of this class faction. And the fact of the matter is,
I think you know, the work are probably going to
eat up a healthy chunk of it.

Speaker 20 (58:02):
Yeah.

Speaker 3 (58:02):
Probably, As always lit and take a break. I want
to hear what you've got to say, Nick will do
it next quarter two The Huddle with.

Speaker 1 (58:08):
New Zealand Southeby's International Realty, the only truly global brand.

Speaker 3 (58:12):
Right, you're back with the Huddle, Nick Legg at Gareth
us Nick, what do you think about the culture of litigation?

Speaker 6 (58:18):
Yeah, I think that if you're a small or a
medium sized business, yeah, it's an opten, not about option.
But the truth is this stuff SAPs time and energy
and that costs money. And from what I see about Northland,
they are very focused on their economic future, so they

(58:39):
understand the benefit of actually thinking forward, investing in energy,
investing in transport and connections to Northland, not looking backwards.
We do have massive energy challenges in this country going
to the future, and I think I just think this
is a really pragmatic attitude to be hearing and it
is line with the Kiwi spirit. Sometimes I think we

(59:02):
roll over and sort of take things too much, but
actually I think this is I think they've they've they've
put the they've done the thinking and they've wighed it up.

Speaker 3 (59:11):
And this is where they There is the possibility that
Lee mccerro, who is the boss of North Chamber here,
has misread the room entirely and that in fact the
businesses there do want the compensation.

Speaker 6 (59:21):
Nick, Well, I think that's news talk z'b who's run
the story. It's it's their job to find out.

Speaker 3 (59:27):
Well, that's what I'm telling you.

Speaker 6 (59:29):
Yeah, Well, I'm just I mean, I'm only going off
what the chambers here.

Speaker 3 (59:33):
Because because i mean, think about this, Nick, what's your
take on this? Okay? If you are a small oyster
farmer in Madikana and water Care is just pumping poo
into your water and ruining your livelihood, don't you want
the ability to be able to go? This is not
on And actually I'm going to sue your ass. And
if you're the guys in Northland and they just they
just some numpty pulls the nuts out and off goes

(59:54):
your lights for three or four days and you lose
potentially millions, don't you want the ability to go?

Speaker 16 (59:58):
Hey?

Speaker 3 (59:58):
You actually owe me?

Speaker 6 (01:00:00):
Yep, there should not. There should be some conversation. If
you think about the water Care example, there's regulator as
there is a transpower to get this stuff right, and that's.

Speaker 5 (01:00:09):
What we expect.

Speaker 6 (01:00:11):
But the highly you know this, the sort of culture
of litigation rewards one group of people in the nation.
That's lawyers generally, So there has to be other ways
of being fairly allocating losses and giving those sort of
those sort of public infrastructure companies sort of the smack

(01:00:31):
on the hand that they need when.

Speaker 9 (01:00:32):
They stuff up.

Speaker 3 (01:00:33):
Yeah, fair enough, Gareth, you in a way in it all?

Speaker 12 (01:00:36):
Oh, I mean I think it's different from the poo
and the water thing. You know, this was an accident,
It wasn't on intentional, wasn't malicious. But it looks like
this litigation is coming from a litigation company, you know,
not this hasn't actually come from the community or businesses involved.
We'll actually see how many businesses imagine soon.

Speaker 3 (01:00:54):
Yeah that's taking the Yeah someone is, and someone's obviously
taking the pun because I think we've got a chat. Hey, Gareth,
what do you make of this thing about the millennials
not doing what the other generations are doing? Like everybody
else starts off a little bit you know, hippy dippy,
and then becomes more conservative as they get older. But
the millennials aren't getting more conservative. They're going the other way.

Speaker 12 (01:01:13):
Well, Winston Churchill once said, if you're not a liberal
when you're twenty five, you've got no heart. But if
you're not a Conservative by the time he's thirty five,
you've got no brain. But at least across the dish,
in the last four elections, young voters there have been
going less conservative. They've been voting for Labour, Green and
other parties. And I think it's quite interesting. We can
see something similar happening in the US, UK New Zealand

(01:01:35):
politics at the same time. And I think it basically
it comes down to that millennials are facing really acute
pressure housing on affordability costs, a living climate crisis. They
look like the first generation to be worse off than
their parents' generation.

Speaker 2 (01:01:49):
Yeah.

Speaker 3 (01:01:50):
I wonder if that I reckon that that's what's going
on here, Nick, is that normally you become more conservative
when you settle down, buy a house, have your kids,
and millennials are leaving that to so late tonight showing
up yet.

Speaker 6 (01:02:01):
Yeah, I think I think that's right. I also think
that in those countries that Gareth mentioned, a lot of
the conservative parties have not got their act together, They've
lost their mojo. I mean, you think about the Australian
federal election result. You know the Liberal Party had had
a terrible result or the coalition had a terrible result,

(01:02:22):
whether it's just you know, the the weather of that election,
or whether it is a climate you know, for conservative
parties generally, I think I'd want to wait a bit
longer to see. But there certainly does seem to be
some information up front that suggests that this is the case.
And yeah, you sort of feel it, don't you, in
your in your cohorts. I think people are keeping their

(01:02:45):
politics longer, or as it says, opting, and as Gareth
pointed out, opting for smaller parties as well.

Speaker 3 (01:02:51):
Yeah, yeah, fascinating stuff. Hey, listen, guys, thanks very much,
go and enjoy yourselves. And you know, I was going
to say, fly jet Star, but wait until Thursday and
then I'll tell you where you Shoup flying jets are
or not. Garethew's Nickleig at our huddle. Seven away from six.

Speaker 1 (01:03:05):
It's the Heather Dupless Allen Drive Full Show podcast on
my Art Radio powered by News Talk ZB.

Speaker 3 (01:03:13):
Five away from six Listen, what I need to tell
you about the IID thing, because we're going to talk
to centrics about this after six, is that they did
a trial. ID did a trial where they got a
butage of what they call Calcitrinson and they said, if
you don't pay your taxes in the next thirty days,
we're going to send you to Centrics. And the trial
was so successful that they've decided to basically send everybody
to Centrics now. So yeah, we'll find out from Keith

(01:03:34):
exactly Keith McLoughlin from Centrix exactly what happened.

Speaker 2 (01:03:37):
Now.

Speaker 3 (01:03:37):
I look, I'm aware and potentially overloading you on, you know,
like flight stuff. But then Sam the producer ran over
and he's like, you are not going to believe what
has happened? And Sam is with me. Now has Sam gone?

Speaker 19 (01:03:49):
Man, it's not a great impression. I have a very
close family member who is on their first holiday with
their kids, flying in New Zealand. They're coming back lovely
Gold Coast holiday.

Speaker 3 (01:04:00):
Context two of them, both of them are under five, two.

Speaker 19 (01:04:03):
Under five, as you can imagine. I'm sure you travel
with your kids all the time. So flying from Brisbane
to Wellington, they were told the flight was delayed twice.

Speaker 3 (01:04:13):
By in New Zealand, by in New Zealand.

Speaker 19 (01:04:15):
And in New Zealand said to them, they said, if
you will get you there, we'll get you.

Speaker 2 (01:04:20):
There on time.

Speaker 19 (01:04:20):
It's all good. It's delayed, but it's a tight turn around,
but we'll do it. Get to the airport delayed again.
Now they're going to miss the last flight from Auckland
to Wellington. Any Zealand says it's a good though. We're
gonna fly you to Melbourne and then we could fly
you directly to Wellington from Melbourne, fly all the way
to Melbourne. Guess what's canceled? Melbourne to Wellington baby, So
then now they're flying from Melbourne to Auckland, staying overnight
in Auckland at their own expense. By the way, they

(01:04:42):
pay for the hotel. They pay for the hotel, they
pay for the uber, they pay for it all. And
then they're gonna have to fly first thing and to
Wellington tomorrow.

Speaker 3 (01:04:50):
But the Kecker, Heather the cacker okay, so even better
than having caught some random ass flight from Brisbane to
Melbourne that you didn't have to cash. Right next bit,
they're not going to get their bags.

Speaker 19 (01:05:03):
The bags are going straight to Wellington, Okay.

Speaker 3 (01:05:06):
So they're going to overnight tonight in Auckland at their
own expense, with two children under the age of five,
with no gear whatsoever. I'm happy. I got to donate
my nieces donations gratefully accepted. And I really love how
how Sam was trying to hide who the family member
was and then just completely fessed up by calling the
children the nieces. Anyway, there we go, There you go,

(01:05:27):
so yay in New Zealand. Okay, Centric is with us.

Speaker 1 (01:05:29):
Next we're Business who meets inside the Business Hour with
Heather duple c Allen and Ma's Motor Vehicle Insurance, Your

(01:05:50):
futures in good Hands?

Speaker 2 (01:05:52):
News talks. There be.

Speaker 3 (01:05:55):
Even in coming up for the next hour. Sam Dickey
thinks that maybe some of the AI bubbles have already
started popping and popped. He's with us after six point
thirty to explain Brad Olson on the upside of this
recession and end the Brady on that big UK budget
overnight seven past six. Now, if you still owe the
IID money, you might want to get on top of
it because they're going to start reporting people who don't
pay their taxes to Centrics, which means it's going to

(01:06:18):
affect your credit rating. Keith McLaughlin is the managing director
of Centrics and with US high keying this. This is
a great move, isn't it?

Speaker 9 (01:06:27):
Well?

Speaker 4 (01:06:27):
It is, but I think I should point out that
this does relate to company debt, not to personal debt,
so at the stage the only party's affected a companies
in New Zealand.

Speaker 3 (01:06:37):
But the impact of it is that it's more transparent
and more honest, isn't it Because if a company is
owing money to IID and then turns up on your books,
others will not lend to it as well.

Speaker 10 (01:06:47):
Well.

Speaker 4 (01:06:47):
That's correct. Historically, if the text debts aren't displayed on
a credit report, then somebody does a credit report assumes
that everything is fine, totally oblivious to the fact that
there may be a significant debt ow into the text apart,
and that could result in them advancing credit or providing
goods and services and really being caught out.

Speaker 3 (01:07:08):
Keith, Australia already does this. Why doesn't our ird do it?

Speaker 4 (01:07:12):
Well, we started the process back in twenty seventeen and
at that stage they did introduce the ability to load
tax debt back in twenty seventeen, but it was a
very cumbersome method and I think Australia really shortcut it.
They dropped the process, made a lot easier to load
their debts with a credit bureau and I think having

(01:07:35):
had another look at what they do in Australia, I
think New Zealand decided that there is a room to
improve the system here in New Zealand. And is it
improved well, very much so. I mean we're now really
starting to see the Tax Department moving a lot quicker
the text leaders coming through to the Bureau and it
will make a significant change to business credit going forward

(01:07:58):
because that transparency change the way that credit is provided
to businesses and new selling.

Speaker 3 (01:08:03):
So these guys did a trial earlier this month on
this right and they had thirty different outfits and they
told those outfits, if you don't pay your taxes, you're
going to going to get reported to Centrics. And they
said it was successful, but they didn't say how many
of them actually paid the taxes. Do you know the
outcome of the trial?

Speaker 4 (01:08:17):
No, I don't. At the stage, we effectively load it
and they're and part of the delay was setting up
systems so that they can update us, because no point
in just loading information onto the Bureau and they're not
maintaining or updating that data. So there's the process that
we're going through at the moment. As part of that
pilot is to make sure that it's not just dropped
into the bureau and forgotten about it. I mean, it's

(01:08:37):
an obligation to keep it accurate, to keep it current,
and that's the process we're working through at the moment. So, yes,
they have started loading it, but we are still working
through at the moment. There's still a reasonable menu limput
and we're trying to get that as electronic as we can,
so there's automatic updates come through from the Tax Department
into the Centric database.

Speaker 3 (01:08:56):
Yeah, brilliant. Hey, thank you very much, Keith, appreciate your
time as always. Keep Aglocklin, Managing director of CENTRICX ten par.

Speaker 2 (01:09:01):
Six Heather do for c Allen.

Speaker 3 (01:09:03):
Apparently the boss, and I am not surprised at all
to read this, but apparently the boss of New Zealand
Cricket is in trouble and is fighting for his survival.
And apparently this is because of the so called Tea
twenty Rebel Cricket League. Now, I don't know if you
remember this, but we talked about this a couple of
weeks ago, maybe on the show, when the news first
broken one of the newspapers that this T twenty league

(01:09:24):
might get off the ground, and it was weird at
the time, and I think we talked about this on
air about how weird this was. That basically everyone supported
the idea of setting up this TEA twenty league in
New Zealand in January. The Cricket Board supported it and
like named members of the Cricket Board, the cricket provinces
all six of them supported. You had the old boy
cricketers like Daniel Vittori and Stephen Fleming supporting it, but

(01:09:46):
the boss of New Zealand Cricket did not support it.
This is Scott Winning. It is now being reported that
he is being accused, it seems, by the New Zealand
Cricket Board of actively undermining the plan and there are
now plans to get of him from the top job.
Now it is I have to say that they are
publicly denying us. But we'll see how it shakes down,

(01:10:07):
because the fact that he is in some kind of
an employment dispute with them doesn't surprise me after that
thing played out. Anyway, We'll see what goes, what happens,
because that by the way that T twenty league, I
think it has to happen, and by the looks of things,
it's going to happen, and they're going to make it
happen now. The Reuter's article that brad Olson pointed me
to says it's this is the headline analysis New Zealand's
housing funk, sow's doubt on reliable investment strategy, drags on economy,

(01:10:31):
which is what we were talking about before, and Lucy
Kramer of Router's give her the credit. A dramatic boombust
cycle in New Zealand's housing market has left many kiwis
An investors scarred and an economy struggling to fire, turning
what was once a trusted strategy for creating wealth into
a period of unease and potentially smaller future returns for
a generation of New Zealanders who have enjoyed average annual

(01:10:53):
returns of roughly seven percent in housing over the last
three decades. The decline in prices for three consecutive years
since twenty twenty one is unprecedented. In fact, property prices
property values dropped in only two of the years since
nineteen ninety, making investment in housing a sure bet for
key he's in a major driver of economic growth. Analysts

(01:11:13):
note that with over half of New Zealand's household wealth
tied up in property. The downturn has had a chilling
effect on consumption and the economy. Talks to brad Elson.
Brad thinks this is a good thing, and I think
it is true. We'll talk to him next thirteen plus six.

Speaker 1 (01:11:28):
It's the Heather Duper c Allen Drive Full Show podcast
on my Heart Radio powered by Newstalk Zebbi.

Speaker 3 (01:11:35):
Hey, there are some films that feel disturbingly relevant to
the moment that we're living in, and Nuremberg is one
of them. It's based on the best selling book The
Nazi and the Psychiatrist, and it takes you inside the
Nuremberg trials eighty years ago this year, the moment that
changed international law forever. And look, Russell Crowe had a
remarkable career, but I have to say this might actually
be one of his best performances in years. He delivers

(01:11:56):
what critics are already calling an Oscar worthy performances. Herman
Gouring Hitler's right hand man. It's a gripping psychological battle
between Russell Crowe and Rummy Mallick, and honestly, it's some
of the best work that either of them has ever done.
The ensemble cast is extraordinary, Michael Shannon, Richard E. Grant,
He's wonderful, Leo woodle our own Lydia Peckham. This world
premiere at Toronto. It's directed by the screenwriter of Zodiac

(01:12:18):
and it's a film that needs to be seen in cinemas.
The cinematography alone is stunning. Nuremberg out December fourth, with
advanced previews the weekend before approaching.

Speaker 2 (01:12:28):
The numbers and getting the results.

Speaker 1 (01:12:30):
It's Heather Dupless Allen on the Business Hour with MAS
Motor Vehicle Insurance.

Speaker 2 (01:12:35):
Your futures in good hands?

Speaker 3 (01:12:37):
Used talks'd be sounds like we may have a secondary
teacher payoffer that's been considered. To run you through the
details shortly, but a good bit about in it. Seventeen
past six. Now, the Reserve Bank yesterday blamed our prolonged
recession and they've done this before on the fact that
we don't feel wealthy because the house prices haven't been
rising as they used to. This may, though, be the
correction that we actually really need. Brad OLSENI is in

(01:12:57):
for metrics principle economist and with us Now, Hi, Brad,
good evening. Do you still I mean you said to
me in the text I text here today, I said,
do you still think it was worth it because it's
made this recession so hard? And you see, yes, why, oh.

Speaker 21 (01:13:10):
Well, just I mean simply because you know, what we've
done before has just been such a short term sugar
hit that you've yeah, okay, you might have got a
little bit more economic activity out of it, but you
look at the sort of social ills that have come
from it. When you've been locking generations out of the
housing market, you've got the numbers in such a state
that you know, for a long period of time, genuinely
kiwis were not feeling like they could actually afford a

(01:13:31):
house and you were seeing, you know, the rug pulled
out for under under us. So I'm actually pretty okay
with the fact that we might have had a slightly
slower recovery, but a more sustainable one. And let's be clear,
you look at some of the economic numbers at the moment, Yes,
it's tough, but I still think that we're actually seeing
already a bit of the early fruits of the labor
there when we've been able to decouple economic activity a

(01:13:53):
bit more with house prices. House prices of what gone
sideways at best this year we had consumer spending data
out today that show to one point nine percent left
quarter on quarter, So we can have both. We can
have better housing outcomes and still economic activity without having
to sort of inextricably link ourselves to a rocket to
shoot up to the moon and then blow up.

Speaker 3 (01:14:12):
How much harder, Like, can you actually quantify how much
harder the wealth effect going into the negative has made
this recession.

Speaker 21 (01:14:19):
It's tricky to sort of pull out at an exact
number and say, you know, we would have been in
a better spot six months earlier or whatever it might
have been, because I think also like part of this
is also just a fairly realistic reaction from investors, from
homeowners who are going, you know what, like, there's still
houses being sold in the market, right, you know, health
sales at the moment are back towards sort of you know,
historical averages roughly, So it's not like there's no activity happening.

(01:14:42):
It's just I think that we're not boostering things to
quite the same degree. And from that wealth effect point
of view, you do often look at that and go, well,
was that people that were feeling wealthier and spending their money,
But was that actually good for them themselves? When you know,
they might have been putting it into increasingly sort of
speculative areas. Put it this way, I think this is
probably where it's a lot more encouraging from an economic

(01:15:03):
point of view. People are quite sensibly now tossing up
and going do I put my money in the bank,
Do I think about buying a house? Do I think
about building a business? Do I invest in some listed
stocks or something? People having a much more rational idea
of where do I put my money and where do
I get a return? Rather than you know, previously it
did feel like sort of flash being economics when we
were working so much in the housing market that was

(01:15:24):
just such big numbers.

Speaker 3 (01:15:25):
I mean, the point I've made before here I find
that it's wrong and it.

Speaker 21 (01:15:29):
Was clearly not sustainable when back a couple of years ago,
I would have been better to have been made of
weatherboard than flesh and bone in terms of earning potential
like that. If anyone's sitting out there and going, you
know what, those were the good old days, that is
not a good old day that was ever going to
persist for a long time. So more sensible, way better
of an approach for their homes.

Speaker 3 (01:15:47):
Okay, So I mean, and the thing about it is
that what we need to understand is that's never going
to happen again, is it. We've got all of these
things in place like DTIs now that will prevent that
ever happening. So can we be sure that we will
never pile back into houses in the way that we
did before, and we will continue to put our money
in more productive assets.

Speaker 21 (01:16:06):
I feel like no economists should ever say never, never
say never, you know. But realistically, I mean, you're right
that yes we had you know, well, we've now got
details we've previously had our vrs. We still had house
prices at skyrocketed like thirty percent within a year when
we dropped interest rates really low. So I think it's
more at the moment that you've sort of had the
market shopped a little bit and gone Actually expecting ironclad

(01:16:28):
massive returns on an asset is probably not likely to
be long term. And more importantly, yes, you haven't seen
the full impact of supply coming into the market. Yes
we had a lot of building, but there's a lot
more the government wants to do. It's more than mindset.
Everyone's sitting out there now and going, you know what,
I might still be able to make a house work
as an investment property or eything else. But it's not
going to be the sort of thing where I can

(01:16:48):
just fall, you know, unassumingly into housing and it's going
to make me a megabillionaire. It's that you've actually got
to do a bit more hard work. You've got to
run your numbers, you've got to have the right option.
So in that sense, I think people are going to
be a lot more shy of committing wholly and solely
into housing. They're gonna spread their risk a whole lot
more and that's healthy.

Speaker 3 (01:17:06):
Yeah, They're gonna have to think about it a bit more.
So we come out of this probably in a better
place as an economy. Hey, thank you for that, Brad.
Appreciated Brad Olson. In the metrics principal economs, right, I'm
going to run you through what we understand the payoffer
for the teachers, the secondary school teachers to be next
six to twenty one.

Speaker 1 (01:17:19):
Whether it's macro, micro or just plain economics, it's all
on the business hour where the heather duper cilm and
mass motor vehicle insurance.

Speaker 2 (01:17:29):
Your futures in good hands us dogs.

Speaker 3 (01:17:31):
That'd be Okay, So this is the secondary offer apparently
that the teachers have been given it they're apparently voting on.
They get a pay increase of two point five percent
in January next year, and then depending on their salary band,
they get another pay increase in twenty twenty seven of
somewhere between two to two point one percent. Now unfortunate.
So that's yay, whatever, But this is the thing that

(01:17:52):
I'm not loving. Unfortunately, the teachers will be able to
continue having teacher only days during school term. Remember that
was the big fight that they were having about the
callback days or something like that, and the government wanted
to increase the number of callback days that they would
have in holidays to basically get the teachers to do
the teacher only days and the professional development in the
holidays like you know, I don't know candy teachers do,

(01:18:15):
but the teachers know. The teachers want to. They wanted
to preserve and retain the ability to be able to,
you know, send the kids home when it's actual learning
time and take a teacher only day. However, so they
get to keep that. However, if they do the teacher
only days during term time, like they clearly want to
be able to. They will not be able to claim
expenses like they used to. And the expenses I was

(01:18:37):
kind of surprised to read some of the expenses, including
things like childcare and stuff like that. So they're still
going to be It looks like it's a gentle incentivizing, right, Like,
you know, you've got to do this with the toddlers.
You want to incentivize them. So it's incentivizing them to
take it during the school holidays because then they get
to claim the expenses. But if they insist on sending
the children home during school time, no expenses for them.

(01:19:00):
Six twenty five.

Speaker 2 (01:19:01):
There's no business like show business.

Speaker 3 (01:19:06):
Okay, I've got a question. It's Stranger Things still relevant.
Remember that show from twenty sixteen, the kids in the
eighties playing dungeons and dragons and fighting monasters. It was cool,
wasn't it. Well, I mean, I have to be honest,
I didn't get past the first ten seconds because they're
running down the corridor and slamming the door. Freaked me out,
so I just got out of it. But you know,
other people stuck with it and then they watched it
and that happened a decade ago. The final season has

(01:19:28):
just landed on Netflix, and it's not the whole season,
that's just part one. And apparently people still really care
about it because, as I told you earlier, it temporarily
crashed the entire Netflix website worldwide. Here's the trailer to
jog your memory.

Speaker 2 (01:19:41):
Happened.

Speaker 3 (01:19:41):
I have no idea what I want.

Speaker 2 (01:19:47):
He knows where we are, happen. Time's it.

Speaker 3 (01:19:57):
So yeah, he's stressful. So the last season of the
show out in twenty twenty two. Here are some things
that happened since the last season of Stranger Things. Millie
Bobby Brown, who plays the little ball girl with powers,
got married and she has a child, so she's a
grown up. David Harbor, who plays the hot cop, asked
Lily Allen for an open relationship and then they broke up,
and then she wrote a whole album about what a
Dickie was. Joe Carey, who plays the teen heartthrob Steve,

(01:20:19):
has had an entirely new career as a rock singer,
and he played Laneway this year. So what I'm saying
is that it has been a little bit of a minute.
The first volume of the fifth and the final season
of Stranger Things is on Netflix right now. So it'll
be there for you when you get home after seven o'clock.
And I mean, I'm gonna answer my own question. But
the Germans husband as you watched the entire back catalog,
has watched the entire back catalog in preparation for this dropping,

(01:20:45):
and it crashed the website worldwide. So yeah, there you go.
People love it weird. I don't like the stressful Sam
Dicky next on why the AI bubbles have already been
popping and.

Speaker 2 (01:20:57):
Popped everything from SMEs to the big corporates.

Speaker 1 (01:21:13):
The business hour, we've had the duper c Allen and
mass motor vehicle insurance.

Speaker 2 (01:21:18):
Your futures in good hands, used talks, I'd be.

Speaker 3 (01:21:23):
That is coming.

Speaker 9 (01:21:27):
Right.

Speaker 3 (01:21:28):
Brady's with us out of the UK in about ten minutes.
Of course, big budget overnight tax tax, everything that moves
is getting taxed. Rachel looked out the window. She's like,
true tax tax that tax tax, tax tax, because that's
how short she is on it. So that's not going
to go down well with the public, is it. Anyway,
he can give us his take on it when he's
with us shortly. Genuine question for you, genuine question, which
do you think is harder to teach toddlers or teenagers.

(01:21:52):
Because Angelo texts me and he said, Heather, you will
understand when your children are teenagers why teachers need a
mental and physical break in the holidays not to come
back and try to do professional development themselves. Which I mean, like, okay, cool,
what it like? Lord, I don't think that's going to
make the case for the teachers very like anyway, whatever,
but quit genuine question because the Kindy teachers. I don't

(01:22:15):
know if you're aware of this, but Kindy teachers operate
on exactly the same timetable and schedule as normal as
other schools. Right, So when schools go into term time,
Kindy's go into term time. When schools go into holiday
school holidays, Kindy's go into school holidays. But the Kindy
teachers do all their professional development during the holidays, right,
So they do. They get a week's leave, then they
do a week's worth of professional development in the back

(01:22:37):
of Kindy and it happens like that every school holidays.
Now a question for you, is it harder to teach
toddlers or teenagers? With the toddlers, you're wiping their bums
and you're dealing with irrational stuff and the crying because
you know Atlas has told them that adults aren't allowed
in that part of the kindy or some stupid thing
like that. And they're falling over and they're smashing their
faces and they're heading each other, are going crazy.

Speaker 9 (01:22:57):
Right?

Speaker 3 (01:22:58):
Is that harder? All teenagers harder? Because you can see
that the teacher, one set of teachers are working a
little harder here than others. Right, So let me know
what do you think? Apen nine two nine two teenagers
are toddlers twenty three away from seven. Now let's deal
with the AI bubble. We have talked a lot about
the AI bubble on the show, and in October we
talked about the emerging warning signs around the investments and
the fears of the bubble. And now analysts are saying

(01:23:19):
we're seeing some of that risk come home to re.
Sam Dicky from Fisher Funds is with me on this
Hi Sam good evening.

Speaker 13 (01:23:24):
Here.

Speaker 3 (01:23:25):
Can now Sam remind us of the specific risks so
that we were worried about here, Yes, there was a
few there.

Speaker 2 (01:23:31):
So we were talking last month about three things.

Speaker 22 (01:23:34):
So the vendor financing, so sellers of goods leaning money
to customers, so supplies like Nvidia AMD leaning billions to
customers so they can buy their own products is arguably
artificial demand and sort of reminded you and I either
of Nortel and Lucent in the late nineties learning money
to telcos to buy their equipment.

Speaker 2 (01:23:54):
That was number one. Two was just the sheer size
of the deal.

Speaker 22 (01:23:57):
So we talked about the iPod deal that Oracle did
with open ai, whereby open Ai signed a contract to
pay Oracle three hundred billion dollars over five years to
train and in for instance AI models. But bearing in
mind open Ai only had fifteen billion a revenue. And
then there was companies like call Weave, a company that
buys accelerated compute chips, sticks them in data centers, and

(01:24:20):
re rents them at massive scale what was loss making.
And the final thing we talked about was the yawning
gap between the valuations of these companies were trading at
and the on the ground reality of AI use cases.
So there was sort of four or five risks we
were discussing.

Speaker 3 (01:24:34):
And where are we at today?

Speaker 22 (01:24:36):
Do you think, well, I think there's good news that
we've had a healthy dose of reality in the last
sort of two or three weeks and give you a
few numbers there the basket of AI winners. So that's
a couple of handfuls of AI winners in the US
that we track. They've already fallen sort of fifteen to
twenty percent. But the riskier stuff like Oracle, like core

(01:24:57):
Weave is already down sort of forty fifty percent since
you and I last spoke about this either and in
particular around those two companies. Investors that are buying the
debt of these companies because it's not all equity funded,
these companies in a lot of debt to fund this,
they started requiring a higher return on their money given
the risk of it's building, given those risks we talked about,

(01:25:18):
so it's more expensive for those companies to raise money. So,
generally speaking, people are still excited about AI, but they're
becoming a little bit more discerning.

Speaker 3 (01:25:25):
And so where do you think we go to from here?

Speaker 22 (01:25:28):
I think the technology still has years to run hard
to not be quite bullish on the ability of AI
to drive productivity growth. But every time we see this
with a game changing technology, it does attract these pockets
of animal spirits and hypes. So I think we'll go
through this sort of hype cycle a few more times.

Speaker 3 (01:25:44):
Yet, what do you reckon this means for investors, Sam,
I think it's.

Speaker 22 (01:25:49):
Really good to see these healthy corrections. I think it
means that people are becoming more discerning. It's not just
anything with AI and the title you buy it. I
think debt investors in particular, but in particular it always
help equity investors on us. So I think we've got
some good risk pricing stepping into the sector. So that's
really good news for sort of longer term discerning investors.

Speaker 3 (01:26:08):
Sam, Good to talk to you as always, Mate, Talk
to you soon. Sam Dickie Fisher Funds twenty Away from
seven Heather Doper see Allen Heather. Teenager is not an
argument toddlers are easier, Heatherhather. I have four teenagers. Toddlers
are harder, Hea, the teenagers, Hea, the toddlers here the
definitely secondary school teachers of a harder time. The others
have glorified Babysittersen. You know that ain't true. Yep, it's divided.

(01:26:32):
It's I think it's a personality thing, don't you do
You think it's a personalitything, Like I think some parents
find teenagers harder and some parents find Toddler's harder. But
I'll tell you what I reckon. I reckon teenagers have
got to be easier to teach than Toddler's because I mean,
like you've got the nonverbal stuff right, they can't talk
some of the time, and they're poping themselves. The teenagers
don't do that. And all I want to say is,

(01:26:53):
I just want to say maybe maybe more teachers could
be a little bit more like the Candy teachers and
just work, work the full hours, like that center open,
get the teenagers in there, teach them, and then you
take your PD to personal development during professional development during
the holidays. Now, I don't know if you've been following
this business with Campbell's, the soup makers globally, but the
guy has gone. He has quote left to the company,

(01:27:16):
but I think we all know that that means that
he was fired. Now, if you haven't followed this, this
has been the most outrageous thing. What is Chap's name
is Martin Bally. And what happened was another employee went
to have I don't really there was some internal dispute
and the guy got stood down. The employee X got
stood down. Well, he wasn't going to take it, and
so he filed a suit about it, and in the

(01:27:38):
suit he had rocked up with a recording of Martin Bally,
And what Martin says in this recording is that Campbell's
is highly processed food and it was for poor people.
And then he called the Indian workers who do a
lot of the work idiots. And then he told the
chap apparently allegedly that he often goes to work high
after consuming marijuana edibles, which I think, given what he'd
already said, that's an entirely plausible situation. Anyway, he's gone,

(01:28:01):
and I don't think anybody's going to look at that
and go, oh, Campbell's hmm, line callmate, line call. I
think so I think we looked at that and went,
good thing that that guy's gone, and good luck to
him trying to find another job. Now, I'll tell you
what I thought was interested. I've been I am interested,
as you could tell by the tet a tet that
we had with Simon Watts on the show Yesterda. I'm

(01:28:23):
slightly obsessively fascinated by climate change and the politics around him.
So I was quite interested to open stuff today and
read that they had an article saying that New Zealand's
trading partners have taken notice of the fact that we
our government is apparently doing what they're calling like a
back down in climate policy and they are planning to
raise direct concerns with the government about it, or they

(01:28:43):
already have and they pointed up they name checked a
bunch of different trading partners, but in particular the UK
was the one that amused me the most. Twice this year,
reports stuff UK ministers have said that they have raised
concerns about New Zealand's climate commitment into tackling climate change,
and specifically with regards to the oil and gas exploration

(01:29:05):
that we're trying to get back into. The British High
Commission in Wellington was closely monitoring this issue. Now, why
I have found this particularly amusing is because allow me
to so, what they're upset about is the fact that
we want to go in and draw for more oil
and gas. Let me read you a BBC story from overnight.
More north Sea drilling to be allowed a new labor
plan Plans to relax restrictions on new oil and gas

(01:29:26):
drilling in the North Sea will be unveiled on Wednesday
under the government's North Sea strategy. Chancellor Rachel Leaves will
announce the publication of the strategy and the budget blah
blah blah whatever. So we're led to believe if you
make stuff, do a bit of research, mate. So we
are led to believe that the UK is going to
give us a big old telling off because we want
to go in for oil and gas exploration. When they

(01:29:47):
are about to announce or have announced that they are
going to go in for oil and gas exploration. Yeah,
good luck with that, British High Commission. Sixteen away from seven.

Speaker 1 (01:29:55):
Ever's to do with money? It matters to you. The
Business Hour with the head of Duplicy Allen and Ma's
motor vehicle Insurance. Your futures in good heads us talks.

Speaker 3 (01:30:06):
It'd be here the some teenage males go through a
grunt stage which is almost back to non verbal. Actually
that's a good point, thank you. Thirteen away from seven
into Brady UK correspondence with me. Hello, Winda, hey, Heather,
how are you all right? So tell me what you
think of the budget?

Speaker 8 (01:30:22):
Well, if you believe the papers and their calculations and
all the experts were all a lot less well off
than we were twenty four hours ago. And I think
looking long term, some people's pension pots could be down
as much as one hundred thousand dollars higher earners towards
the end of their careers. This is a very kind
of clever, stealthy way of taking money from people without

(01:30:46):
them really realizing it. So Rachel Reeves at the Chancellor,
she has gone after pensions, she's gone after workers, she's
gone after savers. They've even put a tax on milkshakes.
Would you believe there's nothing they haven't axed this time?

Speaker 3 (01:31:00):
So how do you justify a text on milkshakes? What
is it a milkshake tax?

Speaker 8 (01:31:04):
There's sugar in milkshakes. And they've also put a tax
on those, you know, those canned lattes that you see
in petrol station service stations. They've put a tax on
those as well. So they've gotten under the sugar tax.
So what will happen is the manufacturers will go away.
They'll come up with a different recipe, probably even less
healthy for consumers. But they've I don't know, they inherited

(01:31:26):
a complete mess. And one line that Reeves came out
with yesterday when she was speaking was that she said
this is not about the last fourteen months of us,
It's about fixing the last fourteen years of them, and
she pointed at the Conservatives. But the public aren't interested.
I think Christmas coming, we're in winter now, energy bills rocketing.
People care about how much cash or how little cash

(01:31:47):
they have left at the end of the month. And
I just can't see Starmer turning this around now.

Speaker 3 (01:31:52):
Okay, so she says, she says that energy bills are
going to fall in something like one hundred and fifty
pounds on average over a year, so there is some
sweetener in there for the public. Unbalance, does the public
like what it sees or hate what it sees?

Speaker 8 (01:32:06):
I think the public absolutely hates what it's seeing from
labor right now. And yes, she's saying that come April
next year, they're going to put in place mechanisms where
energy builds will fall. Well, come April, the weather gets
better and people won't be using as much energy. So
why can't they do it now? I just the thing
that really kind of sticks with me is an awful

(01:32:26):
lot of money seems to be earmarked for welfare payments
and benefits. I think it's a great budget if you're
on benefits and you don't do any work, but they're
clobboring working families and traditionally working families vote labor, so
you can join the dots up the way.

Speaker 2 (01:32:41):
This is going to go.

Speaker 3 (01:32:42):
Okay, So how does it go for Keirstama.

Speaker 8 (01:32:46):
I think he's got until these elections in May. There
are national elections in Scotland and Wales in May, and
then local elections across England as well. And if you
look at the polling, I mean Reformer hitting twenty six
thirty percent in some places Labor are limping along at
sixteen the Green Party now snapping at Labour's hills on
fifteen percent, and nobody votes Green here, say for a

(01:33:08):
few constituencies. So his polling is absolutely shocking. And I
think all of the chatter of the last two weeks
about Wes streeting the Health Secretary, lining up his ducks
and wanting to be the next leader and Prime minister,
there's something in that clearly. But I think Starmer's into
the last six months.

Speaker 3 (01:33:25):
Wow, okay, And what is this tourist text in Cornwall
and Devin like so this is away.

Speaker 8 (01:33:31):
From the budget. This is something that they're going to
give regional mayors the power to do in their areas,
and Devon and Cornwall seem quite keen on us. So
anyone who's traveled in Europe in the last couple of years,
you pay your bills up front, and when you check
out the hotel suddenly the guy or lady on reception
will say to you, oh, there's the tourist tax. We
need to settle up. And yeah, it's only about four
dollars a night in some cities. And I've had this

(01:33:54):
happen to me in Italy, France and the Netherlands in
the last few years, and you're like, oh, okay, and
then when you realize, hang on, I've been here a week,
We've got the kids with us. Whoa okay, So there's
not much change out of you know, a lot of dollars. Basically,
they're stealing the idea from some European cities whereby they
will bang in this extra maybe four or five dollars

(01:34:15):
an I tourus tax per person, and then the local
regional authority will be able to spend that on services
in places like Devon and Cornwall, So it's yet another
stealth tax, and because it's so small, most people don't
question that anytime I have questioned it in Europe, they
blame the local mayor and that's exactly what's going to
happen here.

Speaker 3 (01:34:35):
Ah yeah, okay, Inda, thank you very much, really appreciate
your time. Mate, that's into Brady UK corresponds. Look, today
is Thursday, the twenty seventh of November, which means, of
course that it's two years since the government was sworn in.
And what did the government say they would do in
the first two years They would get us five hundred
new cops and so what does that mean They've missed
the target because today is the two year mark that

(01:34:57):
they said they'll do it by. Now what that means
I don't really care about that because I knew that
this was going to happen, because you knew this was
going to happen, because Mark Mitchell said it in January
last year, didn't he? What this means is Mark Mitchell
was right all along? But remember what happened. Can I
remind you what happened in January twenty twenty four when
he said it? When he p got upset and then
Mitch had to stop saying it, and then did he

(01:35:18):
have to correct the record or something like that in
part of it was it looks such a giant kerfuffle
when Mitch had said the thing that was true, when
he didn't like that he said that thing was true,
so he had to go back and then change the
thing that was true and make them and then say
the thing that was not true. So what I want
to say about this is, next time Mark Mitchell says
something and it seems like it's true, it probably is.

(01:35:39):
And when Winston makes them change it, it's not true anymore.
And can I just say shout out to Mark Mitchell
for actually saying the true thing at the start, because
I really appreciated that. Eight away from seven, it's the.

Speaker 1 (01:35:50):
Heather Tiop see Alan Drive Full Show podcast on iHeartRadio
powered by newstalg zby Heather.

Speaker 3 (01:35:57):
Is this true? Andrew Little spent thirty four one thousand
dollars on his welcoming mirroral party. Sounds like he hasn't
changed his spots much. Yeah, it was. I can't remember
exactly how much it was, but it was an extraordinary
amount of money and it was much much more than
they did up the road at Portadour. But that's because
portdur knows how to cut its cloth, and there's a
run they just that they don't have a you know,
a larger sort of attitude, do they? And yeah, I

(01:36:18):
did read that and think, oh, Andrew, you're so much
better than Tory, and yet in this instance you've just
repeated Tory's mistake. I've got an update on Sam. The
producer's family no longer being flown by in New Zealand
to Auckland forster overnight in Auckland and then to fly
down to Wellington, but are now going to be put
up in a hotel in Melbourne and then flown to

(01:36:38):
Wellington tomorrow, which makes the whole situation a whole lot better.
And presumably they get their luggage. They had to carp
about it apparently in order to get it. But you know,
common sense has prevailed.

Speaker 10 (01:36:47):
Sam.

Speaker 15 (01:36:48):
He was looking forward to seeing his nieces that yeah.

Speaker 3 (01:36:50):
Yeah, yeah, it's a shame.

Speaker 10 (01:36:51):
I yeah.

Speaker 3 (01:36:52):
Anyway, did you know that chocolate fish ants go all
the way back to the eighteen eighties in this country?

Speaker 15 (01:36:57):
I didn't know that.

Speaker 3 (01:36:58):
Yeah, so the spin off has done, because this is
the one thing the spin off spends its timer. But
I do appreciate the frivolous stuff from them, from time
to time. There was a chap called Richard Hudson who
was born in Britain, as everybody was back in the
eighteen eighties. He made biscuit and cakes and Dunedin. Then
he expanded his factory to chocolate in eighteen eighty four
and they found molds. They don't know exactly when he
got into it, but they found molds of chocolate, lot

(01:37:19):
of fish in his factory when they went through and
you know, dug up stuff and I think you know
about five years ago thereabouts, and so he may have
been the first one to be making chocolate fish all
the way back in the eighteen eighties. So every time
ant you hand out chocolate fish like you do in
this place, it's like a kei we tradition.

Speaker 15 (01:37:35):
Yeah, what a hero that guys. We should the Reserve
Bank should make a two hundred dollar note just so
that we can put him on it. Running running up
that Hill by Kate Bush to play us out tonight.
This is another producer Sam story. Actually he wanted us
to play this when you talked about Stranger Things earlier,
and I talked him out of it. I was like, no, no, no,
hang on, we got to do the theme song. This
song was from Stranger Things season four. We're talking about
season five. We got to look ahead and Sam was like, banance,

(01:37:56):
it's a banger, and I mean, he's right about that,
so let's finish with the banger running.

Speaker 3 (01:38:00):
This is why Running Up the Hell from the nineteen
eighties went back up the charts in the last five I.

Speaker 15 (01:38:05):
Think it got its own single CD release for the
first time ever as well.

Speaker 3 (01:38:08):
Just because of that, the young people found out that
there was music that predated them that was actually quite good,
even if it was made by weirdos like Kate Bush. Anyway,
Thanks ant Seed tomorrow

Speaker 1 (01:38:42):
For more from Hither duplessy Alan Drive listen live to
news Talks it'd be from four pm weekdays, or follow
the podcast on iHeartRadio.

All Episodes

Episode Transcript

Popular Podcasts

Stuff You Should Know

Las Culturistas with Matt Rogers and Bowen Yang

Crime Junkie

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Full Show Podcast: 27 November 2025

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Stuff You Should Know

Las Culturistas with Matt Rogers and Bowen Yang

Crime Junkie

All Episodes

Full Show Podcast: 27 November 2025

Stuff You Should Know