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August 20, 2024 13 mins

FIRST WITH YESTERDAY'S NEWS (highlights from Tuesday on Newstalk ZB) Is That Really the Best We Can Do?/Are We Turning a Corner/Ever Wondered If There's Too Much Life In Your Work-Life Balance?/Where's the Comedy?

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Speaker 1 (00:09):
You're listening to a podcast from News Talk said b
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Speaker 2 (00:22):
Hello, my beautiful beanies, and welcome to the bean for Wednesday.
First of yesterday's news. I am Glenn Hart, and we
are looking back at Tuesday. Is the economy about to
turn a corner? Are we starting to feel a little
bit better about things? Probably not. So it's really important
that we get our work life balance all right right,
and we'll finish up with some comedy, or will we,

(00:44):
But before any of that. So, Yes, the banking report,
the final report, which was more or less the same
as the preliminary reports come out from the Commerce Commission,
and we're definitely being wrapped off and it's really bad.

Speaker 3 (01:00):
What to do? What to do?

Speaker 4 (01:01):
Recommendation number one, capitalizing Kiwibank. I love the idea of
doing this. I think it's going to probably improve the bank.
I think it will absolutely give Kewi investors another productive
asset to put their money into. And Kiwibank deserves basically
to be given a chance to fly a bit more.
And for those reasons alone, I'm stoked that Nicko lewllis
is committed to doing this, but I'm not convinced it's

(01:22):
going to do what they wanted to do. I'm not
convinced it's going to be the disruptor and add the
competition that's needed. Too many people now who know a
lot more about economics and finance than I do, have
said it's not going to do it. It just still
will not be big enough. Second recommendation is the open
banking thing. Nickolauwillis again is committed to doing that, but
again I haven't seen any evidence that this is the

(01:44):
game changer. It's been sold as if anything, especially out
of Australia by the way they've done this, and if
anything there, it's just been really expensive. It's cost about
one point five billion dollars without apparently doing all that
much for customers. Now, those are just two or fourteen recommendations,
and look, who knows, maybe in combination all of them
put together will make a difference to competition. But as

(02:06):
I say, jury still out, but still well, you can't
fault the government for the fact that they're prepared to
do what's recommended, and even if it doesn't affect competition
as much as we like, at least we're getting on
with doing something about Kiwibank, which frankly has been a
long time coming.

Speaker 2 (02:20):
So it seems like the main takeaway here is we've
got to shake up Keii Bank. Kiwibank's going to be
the magic bullet somehow. I've ever really been there interested
in Kiwi Bank. I always, you know, going back to
when it first started. I always looked at the cues
of the post office and saw how they basically tripled

(02:40):
in size once ki back started.

Speaker 5 (02:41):
And I've got now it's not for me news talk
has it been.

Speaker 2 (02:46):
I think probably Marcus has got a deeper understanding of
how these things work, I hope, because my understanding is
about kids, Paul, deep.

Speaker 6 (02:53):
Old goodness, graciously, I think the Keiwi Bank's going to
be the answer our future what we need. Look at
Australia their infrastructure twenty eight million, twenty eight billion dollars
on that rain, on that train, pulsory super saving, that's it,

(03:15):
and capital gains tax and look at them. Look how
rich that's what Liam Dan reckens and there's because we're
not gonna get any infrastructure. So I was very interesting
reading about the guy that's been in charge of the
Central rail loop that was in the paper this morning
and Gibson an article on New Zeland the Herald, and
the whole point was of this is that everyone's leaving

(03:37):
all the people, right that all the people that made
the central, all that skills, all that wisdom or leaved
because there's no more capital gain, there's no more there's

(03:57):
no more big projects planned, there's number infrastructure planned. So
that's it's all gone. So I think our infrastructure costs
three times in other parts of the world. Anyway, I'm
gonna get all debbied out on it. But cheap as creepers.
We are battling around the edges with things, are we saying?
But getting more involved with Kiwi Bank.

Speaker 2 (04:16):
I think Mike was sort of alluding to that yesterday
on his show that you know, the Australian owned banks
are Australian owned and they've got issues with how the
banks operate in Australia. So but yeah, I mean their

(04:39):
issues are not as bad as our issues apparent. I
don't know, leave me alone, stop talking to me about
banks us talk sippy. That's right, I said it.

Speaker 6 (04:50):
I don't care.

Speaker 2 (04:51):
Let's move on. Is that actually is my sort of optimistic,
don't worry about it, it'll come right. Attitude is that
staying this thing through a little bit. I think Franchesca
might be on my side.

Speaker 7 (05:03):
So wild text cuts are appreciated, and seeing the o
c R finally drops a relief and of course hearing
of the government address over spending within government departments. This
is all good, but it feels like we've just we've
paused for a moment rather than moving forward at a
great rate. And that makes sense, right. You can't turn

(05:28):
things around overnight. It's worth noting that this pole was
taken before the ocr was lowered last week, and I
wonder if you take that into consideration and a few
more pay cycles with the tax cart, that will make
even a bigger difference in the next pole. I'm sure
that's what the coalition is hoping that they will see.

(05:48):
So how do you read this pole? Does it reflect
how hopeful we are and changing times? Are we a
little bit of a tipping point? Are you feeling like
momentum is starting to build in the direction that you
would like to see this country go? Or is it
more about an increase indence in our Prime minister, his

(06:11):
leadership and the way that he is managing the coalition.
So having a bit of a check in with the
nation this morning, it feels like you get quite mixed signals.
You hear that business confidence is up, but then you
talk to retailers who are struggling, You talk to small
and medium business owners, and you'll hear a variety of

(06:32):
different stories.

Speaker 2 (06:33):
I honestly think I've said this before. We think that
we are in charge of our own destiny here in
New Zealand, when really so much of what happens here
and with our economy is entirely dependent on what's going
on in the rest of the world. With John Key's

(06:55):
famous and I'm so sick of hearing about it, rockstar economy,
everybody was having a rockstar economy. We were just having
a particularly rockstarish economy, you know, surfing that particular wave.
We seem to think that our climate and our issues
are strictly our own.

Speaker 8 (07:13):
They're not.

Speaker 2 (07:14):
We just have a look around the world. The world
as slowly turning the corner, and so we let's move on. Please,
Can we stop talking about money? Does I sound like
I need a bit more work life balance? Well, Simon's
been reading in an article and I think he's not
sure that he has put proper work life balance.

Speaker 5 (07:34):
After reading it, I'll go through the questions. Okay, have
you felt the need to work beyond your contracted hours
in the last month?

Speaker 3 (07:40):
Yes?

Speaker 5 (07:41):
Do you feel like you don't have enough energy and
need more sleep?

Speaker 8 (07:46):
Marginal?

Speaker 5 (07:48):
Do you miss out on social or family events due
to work? Not so much now, but I absolutely have done.
Do you prioritize work demands over your personal life again
at times?

Speaker 7 (07:59):
Yes?

Speaker 5 (08:00):
Do you go the extra mile by staying late or
taking on extra projects occasionally?

Speaker 3 (08:05):
Yes?

Speaker 5 (08:06):
So you've answered yes to more one or more of
those questions, and that, my boy, is a clear sign
that you don't have healthy work boundaries.

Speaker 8 (08:15):
And there's where I take issue, because, Yeah, in this
opinion piece, A Philly says, if you answered yes to
one or more of those questions, so even one, it's
a clear science. He says that you don't have healthy
work boundaries, and I just I don't know. I read
that and I thought, hang on, I'm not for flogging
the worker, and I'm not on big businesses side necessarily,

(08:36):
but I do think certainly, you know, from when I
started in the workforce, say eighteen through to maybe mid
forties fifty even it was like work was like I
was really thankful to have a job. I really wanted
to work hard. I really wanted to succeed. I really
wanted to work well for my bosses. I really wanted
to be well thought of by my bosses. But I
also wanted to be a good husband.

Speaker 3 (08:56):
And dad, you see.

Speaker 2 (08:57):
And that's the problem. I think people make work the
bad guy when they talk about work by balance. But
I wonder if it's the pressure to do stuff at
home it stresses you out, just spend more time at
work doing work stuff and not have to do all
the things that we have to do at home. You

(09:20):
know what I mean? You know all those extra hours
you have to do at home. But could you turn
that around and ask those questions about you know, do
you feel like you know your commitments at home are
having a negative impact on your work? Yes, you know
what I mean? You don't know what I mean? Am
I saying a bit delirious?

Speaker 1 (09:40):
News talk Z been?

Speaker 2 (09:43):
I could do with a laugh.

Speaker 3 (09:44):
Maybe that's what's required here in Refringe Festival has declared
the funniest joke it's a ship gag, A gag about
a ship, as in like a vessel that goes a
boat that goes in the ocean. And to be honest,
it's not that funny. And maybe I'm just getting older
and mingjia about life. I don't know, maybe I don't
find things as funny anymore. Movies. Have you ever tried

(10:05):
to find a funny movie lately? Have you managed to
find one? No, because they don't make them anymore. They
certainly don't make jokes that are actually funny at the
Edinburgh Fringe Festival. And I should preface this by saying that, look,
I'm not funny, so you know, it is a hard
thing to do. I get it. But I just wonder
whether we're not being a little too safe with our comedy,
something Jerry Seinfeld spoke about when he was in New Zealand. Recently.

(10:28):
People can't push the boundaries anymore. Let me just read you.
There's a few in the top ten funniest jokes at
the Edinburgh Fringe Festival. And actually you can try and
guess is this a joke, you know, is this a
comedy festival or is this from a Christmas Cracker? Number one.
I was going to sail around the globe in the
World's smallest ship, but I bottled it. That was literally

(10:51):
the funniest joke at the end Refringe Festival. And maybe
because I'm reading these from a story, maybe it's the
delivery that's funny. Maybe that's what's missing. But I've been
taking souls lessons for months, but I just don't feel
like I'm progressing. It's just one step forward, two steps back.
That was the seat and funniest joke. Number three. Eight
horse at a restaurant once wasn't great. Starter was all right,

(11:14):
but the main was dreadful. Do you want to keep going?
I sailed through my driving test, That's why I failed.
That's number four. These are not Christmas Cracker jokes. These
are from the Edinburgh Fringe Festival. Whatever happened to the
really good ones do? My favorite comedian was Joan Rivers.

(11:35):
She was rude and shocking and outrageous, hilarious and actually
a real pioneer and a trailblazer for women in her
field as well. But you know, while she's dead and
sow good jokes, it seems it's not.

Speaker 2 (11:48):
Looking very hard. I don't think Ryan. And also he's
done that thing where you sort of did you get
a press release? Or a headline and then you run
with it. I mean, obviously the Fringe, Edinburgh Fringe is
not really about one liners. It's about people doing comedy shows.

(12:13):
You know, long form comedy. You tell a whole story.
You know there might be a punchlize somewhere along the way,
or a callback or whatever, but you can't just wrapple
that up in a one liner. You know, those jokes,
It's very rare that you can make one of those
jokes worth, so I wouldn't worry about that. And also
the funny movies thing. I've seen plenty of funny movies.

(12:36):
All Guy was funny, did not see that there's plenty
of comedy on TV trying first go on from accounts,
get into it, have a laugh. I feel a bit
better now actually thinking about all that. Sure, it's really
turned me around into the podcast. It was looking a
bit die there for a while. We'll see you back

(12:57):
here again for more funny.

Speaker 1 (12:59):
Tomorrow TALKI Bean for more from news Talk Said be
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