September 30, 2025 • 12 mins
FIRST WITH YESTERDAY'S NEWS (highlights from Tuesday on Newstalk ZB) Just Not Enough Babies/Bring On the Robot Apocalypse/Now, About the Volcano-Prone Buildings.../How Could the RBNZ Get It So Wrong?/Washing Woes
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Episode Transcript
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Speaker 1 (00:09):
You're listening to a podcast from News Talk sed B.
Follow this and our wide range of podcasts now on iHeartRadio,
Used Talk Said Talk.
Speaker 2 (00:24):
Hello, my beautiful beanies, and welcome to the bean for Wednesday.
First of yesterday's news. I am Glen Hart, and we
are looking back at Tuesday. The health system might actually
be starting to come right. That can't be right. Surely.
It turns out quake chrome buildings might not be as
quake thrown as we thought, which is a bit of
a shame given all the time, money, expense and resources
(00:50):
that have been spent on it and the lost businesses. Anyway,
we're the abby n ZI went wrong are.
Speaker 3 (00:55):
We're still going this.
Speaker 2 (00:56):
We really still do this, and we're going to finish
up with Marcus fighting for socks. But before any of
that superinnuation, it's got to go up the age.
Speaker 4 (01:04):
That is not the amount, and I'm steering down the
potential that it might not be there, certainly not to
the same extent. Is that a fair thing in your eights?
Speaker 5 (01:16):
Well, no, there should be something from the government. They've
textured the whole time. I think that's where that's where
the where the money's gone. Is not the right places.
It's just getting gobben up somewhere. Ye, retirement we had
take but.
Speaker 6 (01:30):
The problems that the problem Jeff, is that demographics have changed.
So you know, there was the baby boom and so
there was a whole lot of young kids. And then
since then the boomers have had less kids, and then
Gen X haven't done their bit and they've had less kids.
And now Tyler is bloody forty still hasn't had any kids.
And then the gen Z is like planning not to
have any kids. And so we're getting to this problem
(01:53):
where people aren't coming through to support the old people.
Speaker 4 (01:56):
It's just laziness have babies. We need more tech fans.
Speaker 7 (02:02):
Controversial thing to say.
Speaker 6 (02:03):
Good luck with your retirement, Jeff, and great to.
Speaker 8 (02:06):
Talk to you.
Speaker 9 (02:07):
Yeah, good call.
Speaker 4 (02:08):
I mean that is a tough part, though, wasn't it,
Because you can't get around that the trades and the
people that burn out their bodies at an early age.
Speaker 2 (02:15):
How do you do that?
Speaker 4 (02:15):
You know, how do you deal with was it three
shoulder operations?
Speaker 8 (02:18):
Both hips replaced? Yeah, he's more machine than men at
this stage. Yeah.
Speaker 2 (02:21):
See, I find it encouraging that people have finally started
to take my advice and are never ever, never, never ever,
never ever ever never never having kids. But it is
just a bit of unfortunate that the cyborg thing hasn't
timed out with them doing that. It's the sooner we
can be uploaded into machines and not need any taking care.
Speaker 7 (02:45):
Of the better news talk has it been okay?
Speaker 2 (02:49):
So some health targets are being met, not all of them,
but you know it's a start.
Speaker 8 (02:55):
Cancer wait times, immunizations, elective surgeries, ed numbers are heading
in the right direction, but by no means job finished,
and some of the movements only a few percent, and
it's quarter on quarter comparisons. But for a government the
media would have you is traditionally stingy and ineffective in health.
At least we have some measurable, measurable results to compare
and they're not terrible. Labour will come out today and
(03:17):
hate this. They say, grandma's hip operation is being farmed
out to the private sector. And you know what Grandma
will say, I don't care, I've got a new hip.
This is all short term stuff, though. The bigger question
is how we plan to pay for this expensive system
in twenty years time when the population problem kicks in.
Treasury ransom numbers on this. They looked at health spending
(03:39):
on pensioners as a share of the overall health budget
nineteen fifty one twenty nine percent. Today it's forty percent,
and by twenty fifty one sixty three percent, So two
thirds of the health budget will be spent on over
sixty fives and fewer workers to pay for it. The
problem with a decent public health system is that people
(04:00):
live longer as a result. It's a vicious cycle. Of course,
nobody wants Grandma to die, but if Simeon Brown keeps
this up, we'll be bankrupt before she carts it.
Speaker 2 (04:09):
Yeah, I mean like saying before there's the trouble if
we can't be uploaded to machines and become cyborgs or
SyncE because we can't afford it. Basically, I think that's
the problem. So we just need to work on that,
making that technology cheaper, and then bring on the robot apocalypse.
(04:31):
You talk, right, So we were told that all our
buildings were going to fall down. Anything old or slightly
dodgy looking got closed, got scaffolded off, has a tape everywhere.
Some people couldn't afford it and actually went out of
(04:52):
business it's because of it, But it turns out that
might have been a whoopsie.
Speaker 3 (04:56):
There is always going to be a certain amount of
risk in life, but you can't legislate away all of
that risk. There have to be sensible protocols in place,
really sensible. Eyes have to be dotted, tease crossed. You
have to make sure that the job is done properly.
(05:17):
But a massive overreaction to a country's heartfelt pain causes
more pain in the long term. Where there is risk,
try and mitigate it. Where there are buildings that are
deemed to be dangerous, retrofit them, fix them, or tear
(05:38):
them down. But in areas of the country where there
is minimal risk, still risk. Nobody's ruling it out. Where
there is minimal risk, then you don't have to have
to conform to the most strict legislation. If you take
(06:03):
all risk out of life, then you're not really living.
Speaker 2 (06:06):
Yeah, it's a classic one, isn't it. I mean, there
might be a super volcano that suddenly erupts out of
the blues, something that's happened in the history of the world.
Speaker 3 (06:23):
But.
Speaker 2 (06:25):
We hope it doesn't. I think Kerry's got a point there, right,
are you sick of people talking about the B and
Z there was a bank and hearing about it. Can
we just go back to the old days when we
don't really didn't really pay any attention to what they
were doing, and they just kept doing what they're doing.
Speaker 9 (06:44):
It says quote in hindsight, and earlier and more aggressive
tightening might have reduced inflation sooner. Yeah, really, Sherlock, But
this would have been difficult given the data available at
the time. Now, basically what they're saying is, yeah, we
could have done better if we could see what was
happening at the time, But we couldn't see what was
happening at the time, Which is a croc, isn't it?
Because there were people who could see at the time
(07:06):
what was happening, and they said so, they said it publicly,
they said the Reserve Bank needs to start tightening up.
In some cases months, if not even more than a
year before they did. I mean the New Zealand Initiative
first identified that COVID could cause inflation in April twenty
twenty two, that's a year and a half before the
reserve banks started tightening. Brad Olsen called on them to
start lifting the ocr in July twenty twenty one. That's
(07:28):
about three months before they started. They started in October
twenty twenty one. Now that's good on them for at
that point starting to move, but they were doing it.
They were pumping the brake ever so slightly while still
pushing the accelerator in a big way. Because they did
not stop pumping the economy. They kept their cheap money
for banks program going all the while. In February twenty
(07:49):
twenty two, the following year, the New Zealand Initiative was
warning like, hey, listen, this inflation is a thing here,
but that lending continued, That cheap money to the banks
continued all the way through to December twenty twenty two,
when it stopped. Inflation was already at seven point two percent,
which is nuts.
Speaker 2 (08:07):
Now.
Speaker 9 (08:07):
To be fair to the Reserve Bank, it wasn't just
their fault. Grant Robertson was doing a fair bit right.
He was spending like crazy, and even though he was
worn by Treasury, he just kept on spending too. But
that doesn't exonerate the Reserve Bank. It just makes their
job harder. But they cannot pretend that they didn't see
what was happening because others did see what was happening,
and they needed to see what was happening, because that
is what they are paid for.
Speaker 2 (08:29):
Yeah, there, there did seem to be a certain head
stuck in the scene saying about this, didn't they there?
Just as somebody who while it was all happening, I
sat in one studio watching a guy in another studio
with the biggest radio audience in New Zealand by far
try and explain to the Reserve Bank again and again
(08:52):
and again, and in fact anyone who would listen that
they were doing the wrong thing and we're going to
cause a lot of trouble for the economy. So here,
there's absolutely right there there were some people who seemed
to know what was going on.
Speaker 1 (09:06):
News talk Ze.
Speaker 2 (09:08):
Right, so bed weather in the southern pawt of the
country apparently calling to Marcus, and that's led to some
washing woes.
Speaker 7 (09:21):
The weather is poor, very wet, very wet. To get
the fire going to warm myself up. Yeah, but you
know what the miracle was. We had a lot of
washing to do and got all the washing done, all
(09:45):
the wet washing, and took that up because Bluffs got
a laundro mat to chuck it in the dry there
because it was too wet to hang it outside, and
took the Washington the laundromat and I went to pick
it up after about forty minutes there at the pools
and went to pick up the washing and I got
home and both my socks were there. How rare is
(10:10):
it to actually wash your socks with everything else, take
the laundromat and come back and still have both socks.
More often than not, ones either actually got stuck in
the washing machine, or it's been lost in the roof
of the dryer, or it's actually stuck in a trouser
legs somewhere, never to be seen again. But I don't
know about you, but I'm someone that has fiercely fights
(10:32):
to keep my socks together. Because I don't do it,
no one's going to do it. And there's I hate, Honestly,
if I wear mismatch shocks, that's my day ruined because
I'll feel out of sorts all day.
Speaker 2 (10:42):
They hang on.
Speaker 7 (10:43):
Something's wrong missmatch shocks. I know other people can wear
mismatch shocks with great with great viomen vigor.
Speaker 2 (10:52):
I'm not that person.
Speaker 7 (10:54):
They need to be mashed anyway. I'm going to use
another word there, But it's a word I'm never quite
I was going to say I could wear my other
people can wear missmatch shocks with great alacquity. We're never
quite sure if I've got that right. Cheerful readiness almost so, Yes,
she's been an eventful day.
Speaker 2 (11:12):
Yeah. Mike Hoskins also got stuck on using the word
at the alacrity for a while where he stumbles across.
He went through a behoof stage at one point. We
would say that all the time, and like Marcus the
alacrity one, it made me feel uncomfortable. Sometimes sometimes he
(11:33):
seemed to nail it, and sometimes I don't think he
was really talking about doing things with eager readiness. As
Marcus has quoted the definition there. I've probably got too
bogged down on it now because really it's time to
end the podcast. But my only real dryer complaint is
(11:55):
people who don't unball their socks before they put them
in the wash, and then you just end up, no
matter how long the dry has been on for it,
with a wet, pulled out sock that probably hasn't even
been watched properly. How had is it? And also why
don't put them in the inside out h It's not
that hard to take a sock off, even if it's sweety,
the right right way around. You just pull it down
(12:15):
to your heel and then pull a toe off. It's
the technique there saves everybody a lot of time. Later on,
trying to cool. This could be a whole podcast, couldn't
it laundry agony. We'll come up with something catchy. I'll
work on that. Maybe I'll have a better idea tomorrow.
Sit then used.
Speaker 1 (12:36):
Talking Talking Said Beam. For more from News Talk Said
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 sed B.
Follow this and our wide range of podcasts now on iHeartRadio,
Used Talk Said Talk.
Speaker 2 (00:24):
Hello, my beautiful beanies, and welcome to the bean for Wednesday.
First of yesterday's news. I am Glen Hart, and we
are looking back at Tuesday. The health system might actually
be starting to come right. That can't be right. Surely.
It turns out quake chrome buildings might not be as
quake thrown as we thought, which is a bit of
a shame given all the time, money, expense and resources
(00:50):
that have been spent on it and the lost businesses. Anyway,
we're the abby n ZI went wrong are.
Speaker 3 (00:55):
We're still going this.
Speaker 2 (00:56):
We really still do this, and we're going to finish
up with Marcus fighting for socks. But before any of
that superinnuation, it's got to go up the age.
Speaker 4 (01:04):
That is not the amount, and I'm steering down the
potential that it might not be there, certainly not to
the same extent. Is that a fair thing in your eights?
Speaker 5 (01:16):
Well, no, there should be something from the government. They've
textured the whole time. I think that's where that's where
the where the money's gone. Is not the right places.
It's just getting gobben up somewhere. Ye, retirement we had
take but.
Speaker 6 (01:30):
The problems that the problem Jeff, is that demographics have changed.
So you know, there was the baby boom and so
there was a whole lot of young kids. And then
since then the boomers have had less kids, and then
Gen X haven't done their bit and they've had less kids.
And now Tyler is bloody forty still hasn't had any kids.
And then the gen Z is like planning not to
have any kids. And so we're getting to this problem
(01:53):
where people aren't coming through to support the old people.
Speaker 4 (01:56):
It's just laziness have babies. We need more tech fans.
Speaker 7 (02:02):
Controversial thing to say.
Speaker 6 (02:03):
Good luck with your retirement, Jeff, and great to.
Speaker 8 (02:06):
Talk to you.
Speaker 9 (02:07):
Yeah, good call.
Speaker 4 (02:08):
I mean that is a tough part, though, wasn't it,
Because you can't get around that the trades and the
people that burn out their bodies at an early age.
Speaker 2 (02:15):
How do you do that?
Speaker 4 (02:15):
You know, how do you deal with was it three
shoulder operations?
Speaker 8 (02:18):
Both hips replaced? Yeah, he's more machine than men at
this stage. Yeah.
Speaker 2 (02:21):
See, I find it encouraging that people have finally started
to take my advice and are never ever, never, never ever,
never ever ever never never having kids. But it is
just a bit of unfortunate that the cyborg thing hasn't
timed out with them doing that. It's the sooner we
can be uploaded into machines and not need any taking care.
Speaker 7 (02:45):
Of the better news talk has it been okay?
Speaker 2 (02:49):
So some health targets are being met, not all of them,
but you know it's a start.
Speaker 8 (02:55):
Cancer wait times, immunizations, elective surgeries, ed numbers are heading
in the right direction, but by no means job finished,
and some of the movements only a few percent, and
it's quarter on quarter comparisons. But for a government the
media would have you is traditionally stingy and ineffective in health.
At least we have some measurable, measurable results to compare
and they're not terrible. Labour will come out today and
(03:17):
hate this. They say, grandma's hip operation is being farmed
out to the private sector. And you know what Grandma
will say, I don't care, I've got a new hip.
This is all short term stuff, though. The bigger question
is how we plan to pay for this expensive system
in twenty years time when the population problem kicks in.
Treasury ransom numbers on this. They looked at health spending
(03:39):
on pensioners as a share of the overall health budget
nineteen fifty one twenty nine percent. Today it's forty percent,
and by twenty fifty one sixty three percent, So two
thirds of the health budget will be spent on over
sixty fives and fewer workers to pay for it. The
problem with a decent public health system is that people
(04:00):
live longer as a result. It's a vicious cycle. Of course,
nobody wants Grandma to die, but if Simeon Brown keeps
this up, we'll be bankrupt before she carts it.
Speaker 2 (04:09):
Yeah, I mean like saying before there's the trouble if
we can't be uploaded to machines and become cyborgs or
SyncE because we can't afford it. Basically, I think that's
the problem. So we just need to work on that,
making that technology cheaper, and then bring on the robot apocalypse.
(04:31):
You talk, right, So we were told that all our
buildings were going to fall down. Anything old or slightly
dodgy looking got closed, got scaffolded off, has a tape everywhere.
Some people couldn't afford it and actually went out of
(04:52):
business it's because of it, But it turns out that
might have been a whoopsie.
Speaker 3 (04:56):
There is always going to be a certain amount of
risk in life, but you can't legislate away all of
that risk. There have to be sensible protocols in place,
really sensible. Eyes have to be dotted, tease crossed. You
have to make sure that the job is done properly.
(05:17):
But a massive overreaction to a country's heartfelt pain causes
more pain in the long term. Where there is risk,
try and mitigate it. Where there are buildings that are
deemed to be dangerous, retrofit them, fix them, or tear
(05:38):
them down. But in areas of the country where there
is minimal risk, still risk. Nobody's ruling it out. Where
there is minimal risk, then you don't have to have
to conform to the most strict legislation. If you take
(06:03):
all risk out of life, then you're not really living.
Speaker 2 (06:06):
Yeah, it's a classic one, isn't it. I mean, there
might be a super volcano that suddenly erupts out of
the blues, something that's happened in the history of the world.
Speaker 3 (06:23):
But.
Speaker 2 (06:25):
We hope it doesn't. I think Kerry's got a point there, right,
are you sick of people talking about the B and
Z there was a bank and hearing about it. Can
we just go back to the old days when we
don't really didn't really pay any attention to what they
were doing, and they just kept doing what they're doing.
Speaker 9 (06:44):
It says quote in hindsight, and earlier and more aggressive
tightening might have reduced inflation sooner. Yeah, really, Sherlock, But
this would have been difficult given the data available at
the time. Now, basically what they're saying is, yeah, we
could have done better if we could see what was
happening at the time, But we couldn't see what was
happening at the time, Which is a croc, isn't it?
Because there were people who could see at the time
(07:06):
what was happening, and they said so, they said it publicly,
they said the Reserve Bank needs to start tightening up.
In some cases months, if not even more than a
year before they did. I mean the New Zealand Initiative
first identified that COVID could cause inflation in April twenty
twenty two, that's a year and a half before the
reserve banks started tightening. Brad Olsen called on them to
start lifting the ocr in July twenty twenty one. That's
(07:28):
about three months before they started. They started in October
twenty twenty one. Now that's good on them for at
that point starting to move, but they were doing it.
They were pumping the brake ever so slightly while still
pushing the accelerator in a big way. Because they did
not stop pumping the economy. They kept their cheap money
for banks program going all the while. In February twenty
(07:49):
twenty two, the following year, the New Zealand Initiative was
warning like, hey, listen, this inflation is a thing here,
but that lending continued, That cheap money to the banks
continued all the way through to December twenty twenty two,
when it stopped. Inflation was already at seven point two percent,
which is nuts.
Speaker 2 (08:07):
Now.
Speaker 9 (08:07):
To be fair to the Reserve Bank, it wasn't just
their fault. Grant Robertson was doing a fair bit right.
He was spending like crazy, and even though he was
worn by Treasury, he just kept on spending too. But
that doesn't exonerate the Reserve Bank. It just makes their
job harder. But they cannot pretend that they didn't see
what was happening because others did see what was happening,
and they needed to see what was happening, because that
is what they are paid for.
Speaker 2 (08:29):
Yeah, there, there did seem to be a certain head
stuck in the scene saying about this, didn't they there?
Just as somebody who while it was all happening, I
sat in one studio watching a guy in another studio
with the biggest radio audience in New Zealand by far
try and explain to the Reserve Bank again and again
(08:52):
and again, and in fact anyone who would listen that
they were doing the wrong thing and we're going to
cause a lot of trouble for the economy. So here,
there's absolutely right there there were some people who seemed
to know what was going on.
Speaker 1 (09:06):
News talk Ze.
Speaker 2 (09:08):
Right, so bed weather in the southern pawt of the
country apparently calling to Marcus, and that's led to some
washing woes.
Speaker 7 (09:21):
The weather is poor, very wet, very wet. To get
the fire going to warm myself up. Yeah, but you
know what the miracle was. We had a lot of
washing to do and got all the washing done, all
(09:45):
the wet washing, and took that up because Bluffs got
a laundro mat to chuck it in the dry there
because it was too wet to hang it outside, and
took the Washington the laundromat and I went to pick
it up after about forty minutes there at the pools
and went to pick up the washing and I got
home and both my socks were there. How rare is
(10:10):
it to actually wash your socks with everything else, take
the laundromat and come back and still have both socks.
More often than not, ones either actually got stuck in
the washing machine, or it's been lost in the roof
of the dryer, or it's actually stuck in a trouser
legs somewhere, never to be seen again. But I don't
know about you, but I'm someone that has fiercely fights
(10:32):
to keep my socks together. Because I don't do it,
no one's going to do it. And there's I hate, Honestly,
if I wear mismatch shocks, that's my day ruined because
I'll feel out of sorts all day.
Speaker 2 (10:42):
They hang on.
Speaker 7 (10:43):
Something's wrong missmatch shocks. I know other people can wear
mismatch shocks with great with great viomen vigor.
Speaker 2 (10:52):
I'm not that person.
Speaker 7 (10:54):
They need to be mashed anyway. I'm going to use
another word there, But it's a word I'm never quite
I was going to say I could wear my other
people can wear missmatch shocks with great alacquity. We're never
quite sure if I've got that right. Cheerful readiness almost so, Yes,
she's been an eventful day.
Speaker 2 (11:12):
Yeah. Mike Hoskins also got stuck on using the word
at the alacrity for a while where he stumbles across.
He went through a behoof stage at one point. We
would say that all the time, and like Marcus the
alacrity one, it made me feel uncomfortable. Sometimes sometimes he
(11:33):
seemed to nail it, and sometimes I don't think he
was really talking about doing things with eager readiness. As
Marcus has quoted the definition there. I've probably got too
bogged down on it now because really it's time to
end the podcast. But my only real dryer complaint is
(11:55):
people who don't unball their socks before they put them
in the wash, and then you just end up, no
matter how long the dry has been on for it,
with a wet, pulled out sock that probably hasn't even
been watched properly. How had is it? And also why
don't put them in the inside out h It's not
that hard to take a sock off, even if it's sweety,
the right right way around. You just pull it down
(12:15):
to your heel and then pull a toe off. It's
the technique there saves everybody a lot of time. Later on,
trying to cool. This could be a whole podcast, couldn't
it laundry agony. We'll come up with something catchy. I'll
work on that. Maybe I'll have a better idea tomorrow.
Sit then used.
Speaker 1 (12:36):
Talking Talking Said Beam. For more from News Talk Said
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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