October 23, 2025 • 13 mins
FIRST WITH YESTERDAY'S NEWS (highlights from Thursday on Newstalk ZB) Your Message Seems Somewhat Diluted/How Much Retirement Costs/Never Seen Wind Like It
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Speaker 1 (00:09):
You're listening to a podcast from news Talk, said, b
follow this and our wide range of podcasts now on iHeartRadio.
Used Talk said, be you talk, How I am my.
Speaker 2 (00:24):
Beautiful beanies and welcome to the beans for Friday Thursday.
Yesterday's news, we're looking back at Thursday, and Brian wanted
a word about how much you need to retire. Marcus
was excited to tell you about his day in the
wild winds before any of that.
Speaker 3 (00:45):
Yes, the Mega strike, pretty mega a this stroke.
Speaker 4 (00:49):
Now the big news is the so called Mega strike.
It is underway, thousands are out and they're angry. But
a big question remains over whether this will all work,
whether the strikers will get what they actually want.
Speaker 5 (01:02):
Yeah, do you know what they're actually striking for? Because
I've been talking to some people to day and they
were struggling to articulate exactly what it was. I mean,
if you go back to the black Ball minus strike
of nineteen oh eight, which I love to do, Yep,
they were striking because they were trying to get a
you know, an eight hour day and a thirty minute
lunch break, not a fifteen minutes lunch break.
Speaker 4 (01:21):
That was very clear, and I think they were quite successful,
weren't they in the end in the long run?
Speaker 5 (01:24):
Oh they were, I believe so, yeah they were.
Speaker 4 (01:29):
I mean that is hardcore. They didn't muck around in
nineteen ohaight did they. They certainly knew how to protest.
Speaker 5 (01:33):
But it's very different protesting against the government as opposed
to protesting against a particular company, right it is. Yeah,
I mean the government can hold out quite a long time.
And how long will people stand for, you know, hospital
delays in the health sector and their kids being home
from school.
Speaker 4 (01:50):
Yeah, it's a fine balance, a.
Speaker 5 (01:51):
Fine balance for the unions. But yeah, what does success
look like? And you're forum or again, so thanks for
the history lease in the map.
Speaker 3 (02:01):
It must be quite annoying when you organize a strike
and then some.
Speaker 2 (02:04):
Other organization comes along and goes, oh, yeah, we're going
to have a strike same day, and then another organization
that comes along within How are you supposed to know
what any of them are striking for? You just see
a bunch of people not going to work, don't you.
Speaker 1 (02:18):
I'll over the place news talk has it been?
Speaker 2 (02:22):
There's some more syving analysis from me there Probably somebody
like Harry Woodham is better qualified to comment.
Speaker 6 (02:31):
Labor delayed negotiations for so long that by the time
they did settle in twenty twenty three, after many days
of strike action and industrial election, it was time to
begin the negotiations again. So they'd just come to a settlement,
but because it had dragged out for so long, they
(02:53):
had to start all over again. And they can't negotiate
for longer. The terms of the contract only allow them
to negotiate for three years. So there's good of stuck
by that. Are you fed to the back teeth if
you were in the nursing Is it a matter of
public safety? Are some of you striking because the union
(03:17):
has said that that is what you must do when
you're kind of easy osy. But that's what the union says,
And I would very much like to hear from the taxpayers,
those of us who are perhaps working for private companies,
those who are not striking. I truly thought that the
(03:40):
roads would be empty today, but it would appear the
good folk of the North Shore are working for private companies,
not the government. Not the government, because the roads were
just as choper as they normally are as everyone traveled
into work. Are you one of those who thinks that
(04:01):
the unions absolutely have a point that teachers, nurses, salaried
medical specialists, the publick service in general have been hard
done by and poorly treated. Or do you subscribe to
the view that they need to get to with the
(04:22):
real world, that this is the reality most New Zealanders
are facing, that we're all living in constrained times. Everybody
would like more. Those who work with private companies aren't
getting it that the unions are being unrealistic.
Speaker 2 (04:43):
I saw a bunch of I presume they were teachers.
I think they were teachers. Yeah, they were teachers. I
read one of the signs that it had something to
do with teaching. It was a bit of a giveaway.
I was on my way to get get in the
dog groomed yesterday and they were all about to climb
back on one of their buses. There were two luxury buses,
(05:06):
silver firm buses. I've never seen such flat talking buses.
And they were all giggling and laughing, and they weren't
really holding up their signs. That looked like they've done
their striking for the day. This was it was just
before has ten. Maybe they were going off to strike
somewhere else. They'd already done some striking down by the
(05:29):
beach and overwhere, and they were going to do it
somewhere else. Honey, business, isn't it You talk city. So
I'm assuming the union fees went towards hiring those buses
or they're just buses that didn't have anything else to
do because they weren't taking any kids to school that day.
I don't know what was going on there.
Speaker 7 (05:49):
Making parents angry and patients angry is the point of
the strike. The unions will say that's not the point
of the strike, but it actually is, because you're supposed
to be angry, and then you're supposed to direct your
anger at the government. So the government feels the heat,
capitulates and then ups the payoffers for the unions. And
this is the thing that I think is missing. I
don't think people are that anger. People are just going
(06:10):
on a longer, long weekend. Plus also, I wonder if
the unions have forgotten to factor in the COVID experience, right.
We have looked after our kids at home for such
a long time during COVID and lockdowns that really it's
going to take a lot to set us off, right,
because we've got the training in there. But this then
begs the question, right if the anger part is missing,
are the unions going to go back to the negotiating
(06:32):
table after the strike now that they've got it out
of their systems, or are they going to keep going
to make us properly angry? And if so, how many
mega strikes does it take to make parents and patients
properly angry? And how many are they prepared to do
because this one I don't think has made us angry
right now. I think we're either too busy dealing with
bad weather or too busy trying to get to the batch.
Speaker 2 (06:52):
I've come to a certain point in my life where
so much of the news no longer affects me personally,
and I love it. I don't have kids at school anymore,
I don't have a mortgage anymore.
Speaker 3 (07:06):
So story's about interest rates and things like that. Don't care,
so good use your setting.
Speaker 2 (07:15):
The reason I was sort of humble bragging about all
that is because it's here they rightly pointed out there.
I'm not angry because I'm not actually going to the
hospital at the moment either, so that I'm not effected
by that.
Speaker 3 (07:31):
Can I retire yet? No?
Speaker 2 (07:33):
Not quite yet.
Speaker 8 (07:34):
Massive university gives you these numbers every year and they're
quite interesting. This is tells you how much you might
need in retirement. And if you're living in a city,
you've got two people at home and you want to
live comfortably in your retirement, you're going to need a
million bucks. That's what they're telling you. If you're in
the provinces, half that. Now you can start working backwards
and you're probably doing it in your head right now
(07:55):
in terms of your net worth. Depending on your age,
you may also need to think about the fact you
can't rely on the pension. You know, some government eventually
will means test it, they'll change the age, they'll cut
it back. It's inevitable that will have So there's a
shortfall you're probably going to have to fill. And you're
thinking about this now, can we say the contributions they're
going to need to go up? They are slightly from
(08:16):
three to four percent, but realistically we'll need to bump
them up to probably ten. I think the Aussies are
eleven or twelve by now, and I know people are
doing this. I've got friends who are in their thirties
who are planning meticulously planning already for their retirement, saving,
investing all of that good stuff. People are working slogging
(08:37):
their guts out and working hard, just being responsible, making
sure they can take care of themselves and their families
when they get to age of retirement. Which is why
to me, it's smacks of entitlement that politicians live in
a different world to us on superannuation, totally different world.
They get a super subsidy two and a half times
(08:59):
the percent they contribute, up to a maximum of twenty percent.
A backbencher, they're on one hundred and seventy k twenty
percent of that could be about thirty four thousand dollars
a year. Nice, right, We get dollar for dollar from
our employers up to what three percent? The argument is
their jobs aren't secure, so they need more security. You know,
(09:20):
you have an election that comes every three years and
there's a chance that they'll be turfed out, So this
is some security for them. Well, they aren't the only
ones in that situation, are they? But they are the
only ones I know of who get a retirement istig
nist egg quite that big and pretty.
Speaker 2 (09:37):
I've always wanted to retire. Is there anything I've ever
really wanted to do, and everything else that I'm doing
is literally just to give myself in a position to
do that. I don't know if my kids are planning
their retirement as such. I think they sort of resigned
themselves to the fact that that everything may have ended
(10:00):
by the time they get to retirement age, so they
won't have to worry about it. He's bleakly and bleak
talk ze been so Marcus was nearly blown away yesterday
by the sounds of things. Let's get into this. It's
quite a tumultuous tale.
Speaker 9 (10:21):
And then about about two o'clock I could get through
to go to the farm to check on things. Fortunately,
and boy oh boy, that was a disaster as well.
Messive trees had come down. They'd taken out the defense.
I've got to sort that out, like really big trees.
But I think in some ways I was lucky that
I was not able to walk around the probity of
the farm during the storm, because I could have been
(10:42):
hit by one of those trees. I kind of take
those warnings slightly more seriously. Yes, so Bluff was absolutely
hit bang on. They're saying the power is not going
to be on till midday tomorrow, so yeah, extraordinary. And
then tonight I've come into town. We went out to
dinner because we had no power, and in the cargole's
(11:05):
just a bomb site. If you know, in Vicago there's
great trees. Here's always to green about this Queen's Park,
in this area around Ella's Road and there's Splash Palace.
There's just massive trees fallen everywhere, and they've kind of
fallen a strange way. They've fallen in the whole bits
of sort of grass around the stumps, like estro turf
has kind of been flipped up with them. It doesn't
(11:27):
look real. First and foremost of my thoughts is it's
an absolute miracle that no one was killed and we're
out for and all sorts of people we knew coming
in for dinner because they had no power or no
water because of course the water is collected to their power.
So the lot of people still without powered and Vicago
(11:49):
or tarted out everywhere. Myros boys, there's no power. It's
not happening. So I don't know if in Vcago was
expected or bluffed and Vicago were expected to be hat
but boy or boy, it was almost a direct hit.
Speaker 2 (11:59):
It's actually my least favorite of all things that happen
in weather, there's wind.
Speaker 3 (12:04):
I really don't like wind. I don't even mind rain
that much.
Speaker 2 (12:14):
I've got this really nice rain jacket with the with
the just the perfect hood on it. So when I
have to walk the dog in the rain, his jacket's
not so good. I've got to get them a decent
getter one. But yeah, that doesn't bother me so much.
Of it's the wind that really I don't like the
sound of it. I don't like walking into it, obviously,
(12:37):
don't like the damage it does. They don't often. They
talk about it a bit sometimes, but with the whole
climate change thing, and obviously we're seeing more and more
extreme weather, and that includes wind. It's always about the temperature,
(12:58):
isn't it. I feel like they need to talk more
about the wind. I am Glen hard. Does it sound
like I need a long weekend? I think it does,
isn't it? So I will have one, hopefully you will
get one too, and we'll see you back here on Tuesday.
Speaker 1 (13:15):
News Talking Talking zi Bean. For more from News Talk
zied B, listen live on air or online, and keep
our shows with you wherever you go with our podcasts
on iHeartRadio,
You're listening to a podcast from news Talk, said, b
follow this and our wide range of podcasts now on iHeartRadio.
Used Talk said, be you talk, How I am my.
Speaker 2 (00:24):
Beautiful beanies and welcome to the beans for Friday Thursday.
Yesterday's news, we're looking back at Thursday, and Brian wanted
a word about how much you need to retire. Marcus
was excited to tell you about his day in the
wild winds before any of that.
Speaker 3 (00:45):
Yes, the Mega strike, pretty mega a this stroke.
Speaker 4 (00:49):
Now the big news is the so called Mega strike.
It is underway, thousands are out and they're angry. But
a big question remains over whether this will all work,
whether the strikers will get what they actually want.
Speaker 5 (01:02):
Yeah, do you know what they're actually striking for? Because
I've been talking to some people to day and they
were struggling to articulate exactly what it was. I mean,
if you go back to the black Ball minus strike
of nineteen oh eight, which I love to do, Yep,
they were striking because they were trying to get a
you know, an eight hour day and a thirty minute
lunch break, not a fifteen minutes lunch break.
Speaker 4 (01:21):
That was very clear, and I think they were quite successful,
weren't they in the end in the long run?
Speaker 5 (01:24):
Oh they were, I believe so, yeah they were.
Speaker 4 (01:29):
I mean that is hardcore. They didn't muck around in
nineteen ohaight did they. They certainly knew how to protest.
Speaker 5 (01:33):
But it's very different protesting against the government as opposed
to protesting against a particular company, right it is. Yeah,
I mean the government can hold out quite a long time.
And how long will people stand for, you know, hospital
delays in the health sector and their kids being home
from school.
Speaker 4 (01:50):
Yeah, it's a fine balance, a.
Speaker 5 (01:51):
Fine balance for the unions. But yeah, what does success
look like? And you're forum or again, so thanks for
the history lease in the map.
Speaker 3 (02:01):
It must be quite annoying when you organize a strike
and then some.
Speaker 2 (02:04):
Other organization comes along and goes, oh, yeah, we're going
to have a strike same day, and then another organization
that comes along within How are you supposed to know
what any of them are striking for? You just see
a bunch of people not going to work, don't you.
Speaker 1 (02:18):
I'll over the place news talk has it been?
Speaker 2 (02:22):
There's some more syving analysis from me there Probably somebody
like Harry Woodham is better qualified to comment.
Speaker 6 (02:31):
Labor delayed negotiations for so long that by the time
they did settle in twenty twenty three, after many days
of strike action and industrial election, it was time to
begin the negotiations again. So they'd just come to a settlement,
but because it had dragged out for so long, they
(02:53):
had to start all over again. And they can't negotiate
for longer. The terms of the contract only allow them
to negotiate for three years. So there's good of stuck
by that. Are you fed to the back teeth if
you were in the nursing Is it a matter of
public safety? Are some of you striking because the union
(03:17):
has said that that is what you must do when
you're kind of easy osy. But that's what the union says,
And I would very much like to hear from the taxpayers,
those of us who are perhaps working for private companies,
those who are not striking. I truly thought that the
(03:40):
roads would be empty today, but it would appear the
good folk of the North Shore are working for private companies,
not the government. Not the government, because the roads were
just as choper as they normally are as everyone traveled
into work. Are you one of those who thinks that
(04:01):
the unions absolutely have a point that teachers, nurses, salaried
medical specialists, the publick service in general have been hard
done by and poorly treated. Or do you subscribe to
the view that they need to get to with the
(04:22):
real world, that this is the reality most New Zealanders
are facing, that we're all living in constrained times. Everybody
would like more. Those who work with private companies aren't
getting it that the unions are being unrealistic.
Speaker 2 (04:43):
I saw a bunch of I presume they were teachers.
I think they were teachers. Yeah, they were teachers. I
read one of the signs that it had something to
do with teaching. It was a bit of a giveaway.
I was on my way to get get in the
dog groomed yesterday and they were all about to climb
back on one of their buses. There were two luxury buses,
(05:06):
silver firm buses. I've never seen such flat talking buses.
And they were all giggling and laughing, and they weren't
really holding up their signs. That looked like they've done
their striking for the day. This was it was just
before has ten. Maybe they were going off to strike
somewhere else. They'd already done some striking down by the
(05:29):
beach and overwhere, and they were going to do it
somewhere else. Honey, business, isn't it You talk city. So
I'm assuming the union fees went towards hiring those buses
or they're just buses that didn't have anything else to
do because they weren't taking any kids to school that day.
I don't know what was going on there.
Speaker 7 (05:49):
Making parents angry and patients angry is the point of
the strike. The unions will say that's not the point
of the strike, but it actually is, because you're supposed
to be angry, and then you're supposed to direct your
anger at the government. So the government feels the heat,
capitulates and then ups the payoffers for the unions. And
this is the thing that I think is missing. I
don't think people are that anger. People are just going
(06:10):
on a longer, long weekend. Plus also, I wonder if
the unions have forgotten to factor in the COVID experience, right.
We have looked after our kids at home for such
a long time during COVID and lockdowns that really it's
going to take a lot to set us off, right,
because we've got the training in there. But this then
begs the question, right if the anger part is missing,
are the unions going to go back to the negotiating
(06:32):
table after the strike now that they've got it out
of their systems, or are they going to keep going
to make us properly angry? And if so, how many
mega strikes does it take to make parents and patients
properly angry? And how many are they prepared to do
because this one I don't think has made us angry
right now. I think we're either too busy dealing with
bad weather or too busy trying to get to the batch.
Speaker 2 (06:52):
I've come to a certain point in my life where
so much of the news no longer affects me personally,
and I love it. I don't have kids at school anymore,
I don't have a mortgage anymore.
Speaker 3 (07:06):
So story's about interest rates and things like that. Don't care,
so good use your setting.
Speaker 2 (07:15):
The reason I was sort of humble bragging about all
that is because it's here they rightly pointed out there.
I'm not angry because I'm not actually going to the
hospital at the moment either, so that I'm not effected
by that.
Speaker 3 (07:31):
Can I retire yet? No?
Speaker 2 (07:33):
Not quite yet.
Speaker 8 (07:34):
Massive university gives you these numbers every year and they're
quite interesting. This is tells you how much you might
need in retirement. And if you're living in a city,
you've got two people at home and you want to
live comfortably in your retirement, you're going to need a
million bucks. That's what they're telling you. If you're in
the provinces, half that. Now you can start working backwards
and you're probably doing it in your head right now
(07:55):
in terms of your net worth. Depending on your age,
you may also need to think about the fact you
can't rely on the pension. You know, some government eventually
will means test it, they'll change the age, they'll cut
it back. It's inevitable that will have So there's a
shortfall you're probably going to have to fill. And you're
thinking about this now, can we say the contributions they're
going to need to go up? They are slightly from
(08:16):
three to four percent, but realistically we'll need to bump
them up to probably ten. I think the Aussies are
eleven or twelve by now, and I know people are
doing this. I've got friends who are in their thirties
who are planning meticulously planning already for their retirement, saving,
investing all of that good stuff. People are working slogging
(08:37):
their guts out and working hard, just being responsible, making
sure they can take care of themselves and their families
when they get to age of retirement. Which is why
to me, it's smacks of entitlement that politicians live in
a different world to us on superannuation, totally different world.
They get a super subsidy two and a half times
(08:59):
the percent they contribute, up to a maximum of twenty percent.
A backbencher, they're on one hundred and seventy k twenty
percent of that could be about thirty four thousand dollars
a year. Nice, right, We get dollar for dollar from
our employers up to what three percent? The argument is
their jobs aren't secure, so they need more security. You know,
(09:20):
you have an election that comes every three years and
there's a chance that they'll be turfed out, So this
is some security for them. Well, they aren't the only
ones in that situation, are they? But they are the
only ones I know of who get a retirement istig
nist egg quite that big and pretty.
Speaker 2 (09:37):
I've always wanted to retire. Is there anything I've ever
really wanted to do, and everything else that I'm doing
is literally just to give myself in a position to
do that. I don't know if my kids are planning
their retirement as such. I think they sort of resigned
themselves to the fact that that everything may have ended
(10:00):
by the time they get to retirement age, so they
won't have to worry about it. He's bleakly and bleak
talk ze been so Marcus was nearly blown away yesterday
by the sounds of things. Let's get into this. It's
quite a tumultuous tale.
Speaker 9 (10:21):
And then about about two o'clock I could get through
to go to the farm to check on things. Fortunately,
and boy oh boy, that was a disaster as well.
Messive trees had come down. They'd taken out the defense.
I've got to sort that out, like really big trees.
But I think in some ways I was lucky that
I was not able to walk around the probity of
the farm during the storm, because I could have been
(10:42):
hit by one of those trees. I kind of take
those warnings slightly more seriously. Yes, so Bluff was absolutely
hit bang on. They're saying the power is not going
to be on till midday tomorrow, so yeah, extraordinary. And
then tonight I've come into town. We went out to
dinner because we had no power, and in the cargole's
(11:05):
just a bomb site. If you know, in Vicago there's
great trees. Here's always to green about this Queen's Park,
in this area around Ella's Road and there's Splash Palace.
There's just massive trees fallen everywhere, and they've kind of
fallen a strange way. They've fallen in the whole bits
of sort of grass around the stumps, like estro turf
has kind of been flipped up with them. It doesn't
(11:27):
look real. First and foremost of my thoughts is it's
an absolute miracle that no one was killed and we're
out for and all sorts of people we knew coming
in for dinner because they had no power or no
water because of course the water is collected to their power.
So the lot of people still without powered and Vicago
(11:49):
or tarted out everywhere. Myros boys, there's no power. It's
not happening. So I don't know if in Vcago was
expected or bluffed and Vicago were expected to be hat
but boy or boy, it was almost a direct hit.
Speaker 2 (11:59):
It's actually my least favorite of all things that happen
in weather, there's wind.
Speaker 3 (12:04):
I really don't like wind. I don't even mind rain
that much.
Speaker 2 (12:14):
I've got this really nice rain jacket with the with
the just the perfect hood on it. So when I
have to walk the dog in the rain, his jacket's
not so good. I've got to get them a decent
getter one. But yeah, that doesn't bother me so much.
Of it's the wind that really I don't like the
sound of it. I don't like walking into it, obviously,
(12:37):
don't like the damage it does. They don't often. They
talk about it a bit sometimes, but with the whole
climate change thing, and obviously we're seeing more and more
extreme weather, and that includes wind. It's always about the temperature,
(12:58):
isn't it. I feel like they need to talk more
about the wind. I am Glen hard. Does it sound
like I need a long weekend? I think it does,
isn't it? So I will have one, hopefully you will
get one too, and we'll see you back here on Tuesday.
Speaker 1 (13:15):
News Talking Talking zi Bean. For more from News Talk
zied B, listen live on air or online, and keep
our shows with you wherever you go with our podcasts
on iHeartRadio,
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