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January 20, 2026 11 mins

FIRST WITH YESTERDAY'S NEWS (highlights from Tuesday on Newstalk ZB) It Actually Is About the Money/This Won't Affect Current Oldies/Our Terrible Collective Memory/Weight Loss Savings/Dressed to Sleep

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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 (00:24):
Hello, my beautiful meetings, and welcome to the Bean for Wednesday.
First of yesterday's news. I am Glen Hart. We're looking
back to Tuesday. The retirement age is getting older or
is it? The election is looming and that retirement thing
might be part of it. Weight loss drugs, it seems

(00:47):
to be taking a long time for us to get
into them, certainly in terms of public funding for them anyway.
And Matt Heath snores but is trying not to. But
before any of that, the teacher shortage, the principal shortage,
does Tim Roxborg have a solution for.

Speaker 3 (01:04):
Us for that one year if you already have a degree,
for that one year of study that you would have
to do for your mid career switch to become a teacher.
It was eighty thousand dollars. Eighty thousand dollars, so a
salary is paid to you for your one year of
post grad study. That's if you qualify for the scholarship.
So you would have to be an attractive prospect as

(01:25):
a potential teacher. But again we will very much have
these people. These are people with life experience. These are
people who've got kids. These are people who've coached sports teams, perhaps,
who are involved in their community, who have traveled, who
have experienced the highs and lows of life, have had
some perhaps tragedy in their life, so they can understand empathy.

(01:47):
These are people who would love to have as teachers
as well as people.

Speaker 2 (01:50):
You know.

Speaker 3 (01:50):
They have degrees, they might even have masters or more.
And so let's do the maths on this and to
think whether or not this is a wise investment, because
it's easy to go, well, yeah, nice idea, but it
costs way too much money. Well, if there were two
hundred places a year and it was eighty thousand dollars,
that would be sixteen million dollars now in an overall

(02:14):
government budget, which is in the hundreds of millions into
the millions, I think sixteen million a year. When we've
got a teacher shortage sixteen million a year, I think
that that would be the difference between a whole truckload
of people, maybe even two hundred a year, who would
otherwise make for great teachers with a mid career switch,

(02:36):
who simply cannot afford twelve months of earning next enough.

Speaker 4 (02:40):
Yeah, that just seems common sense to me.

Speaker 2 (02:46):
They often talk about trying to attract people back to
teaching or to teaching from other but yeah, you can't
in terms of be right, you can't just suddenly stop
making money you've been making, can.

Speaker 1 (02:58):
You news talk z been.

Speaker 4 (03:02):
Or you could just retire I suppose, although.

Speaker 2 (03:06):
Christopher Luxon seems to have been making no is said that
might be a little bit further off.

Speaker 4 (03:13):
In years to come.

Speaker 5 (03:14):
And if we are serious about leaving a legacy for
future New Zealanders, which is something the Prime Minister talked
a lot about in the speech yesterday, if we're serious
about that, then we also need to make sure that
that legacy doesn't also include lumbering future generations with liabilities
like an unsustainable state pension scheme. But the way we're going,
nothing's go nothing's going to change because politicians that well,

(03:39):
they're terrified of doing anything meaningful, aren't they. What I'm
talking about here though would definitely be meaningful, they would
have no immediate impact. Why because it would only apply
to people thirty five and younger. So all the people
who like to go on about the pension being their birthright,
you know. Blah blah blah. They'd still get it, Japers,
I'm fifty seven, I'd still get it. But you can't

(04:01):
underestimate the long term benefit of doing what I'm talking about.
It would be what's cliche, it would be a game,
as they say, because by the end of this decade,
we're going to be spending thirty billion dollars a year
on New Zealand Super thirty billion and raising the age
of entitlement here and there. It's not going to make
any dent in that whatsoever. The reason being we know

(04:24):
that there are going to be more and more people
retiring because of the aging population, more and more people
turning up one of the pension. Now, look, I know
that doing away with New Zealand Super it would be huge,
be a huge shift for New Zealand. But the fact
of the matter is we can't afford to be all
sentimental about it because we have to face reality that
the way we do things now and the way we've

(04:46):
been doing things is not sustainable. This can't continue.

Speaker 2 (04:50):
So John McDonald there, I'm really pleased to hear that
he's fifty seven. I love knowing that there are still
people out there who are older than me carrying me
what we were talking about today. Apart from anything else,
the fact that he's older than me is great news.

Speaker 1 (05:08):
Hu's talk sivin.

Speaker 4 (05:10):
Oh that's right.

Speaker 2 (05:11):
Yeah, retirement age is that's going to be an election issue? Yes, yes,
I'm still and denial that it's going to be an ellection.

Speaker 6 (05:19):
So Treasury's figures from the half Yearly Economic and Fiscal
Update delivered just before Christmas showed that the government has
both cut capital expenditure since its election and lowered forecast
for new spending. So capex fell by six billion dollars
between the twenty three, twenty four and twenty four to
twenty five years, and spending was one point six billion

(05:39):
dollars less in twenty four to twenty five than was budgeted.
So that's not a lot of fixing of leaky hospitals
and rickety courtrooms going on. That's a lot of cutting
of spending. And yet despite that, their spending has gone up,
and we know that from their borrowing. And that's because
the big ticket items like benefits and pensions keep going

(06:00):
up and so have the costs and services like education
and health. So what can you fix and what can
you build. There's not a lot of invigorate news in
the near future. It seems as though our fundamentals rule
will remain basically unchanged. The great hope for all of
us is that the private sector just gets on with
it and understanding the limits to our capacity, and we

(06:21):
get back to what I would say is the unofficial slogan,
which is we are the national party. Vote for us.
We're not as bad as the other lot.

Speaker 2 (06:28):
I guess it's the one positive I mean, I've been
ranting on over the last couple of days about our
stupid editor is to only have a three year term,
primarily because I just really hate, I mean, to give
up a Saturday night.

Speaker 4 (06:43):
Once every three years to sit.

Speaker 2 (06:45):
Here and push buttons for the election program. And if
we can stretch it out in the four or five
it will work for me a lot better. What were
we talking about, Oh, yeah, that's right. At least the
one positive of that.

Speaker 4 (07:02):
Three year term is that.

Speaker 2 (07:05):
Hopefully most people can still remember how completely competent labor
was by the end of their grain, and you people
might be a bit more reluctant to go back there
again quite so soon. Right, This weight loss drug thing.
You know, Farmac funding it. Maybe you know the health benefits,

(07:29):
the public health benefits.

Speaker 4 (07:32):
To be honest, the dollars and cents savings that be
made if we're not treating people for obesity related illness.
Let's get into it.

Speaker 7 (07:39):
Ay, they reckon the indirect costs of obesity as the
health epidemic that it is is somewhere between seven and
nine billion dollars a year in New Zealand. The cost
of handing out free way GOVI unsure, but could be
as high as three billion dollars a year if everyone
who really needed it got it.

Speaker 4 (08:01):
Now.

Speaker 7 (08:02):
Farmac's budget is one point seven billion dollars a year
right now, so it is you know, double Farmac's current
budget potentially. So the question for Farmac is simple, do
the costs outweigh the benefits? And if you fund the drug,
will people stay on it and actually keep the weight off.

(08:23):
In the US, you've got the Trump administration flipping the
food pyramid and on its head, basically putting protein at
the top. There's an Eat Real Food campaign that they're
running over there that make America healthy again. Given the
amount of fast food and wag ovi ads that we
are being bombarded with here in New Zealand. Would it
not be sensible to also have some ads telling people about,

(08:45):
you know, eating meat, eating dairy, eating fresh fruit and vegetables.
Should we not be seeing ads like that every day
in this country.

Speaker 2 (08:55):
I'm still confused about all these people who are watching
ads still. I thought it's the whole point of streaming
and you sort of on demand subscription service lifestyle that
we have fectation.

Speaker 4 (09:07):
Surely we don't.

Speaker 2 (09:08):
We're not subjected to advertising anymore, are we, especially for
things like junk food and soft drinks anyway, news talk,
you know. So if you are on the weight loss drugs,
you might lose weight quickly, and if you do that,

(09:28):
you might discover that you have snopped stopped snoring. I'm
not on weight loss drugs, but I have lost a
bit of weight recently and I have stopped snoring. Not
quite sure how that works, but perhaps it's something that
met He should look into.

Speaker 8 (09:43):
I'm a sleep nut. I've got I've got a sleep obsession.
It's shocking, my partner.

Speaker 7 (09:48):
What do you got now?

Speaker 3 (09:49):
I mean, you mentioned this to me this morning.

Speaker 4 (09:51):
It sounds crazy to me, mate, But let's just go
through the list.

Speaker 8 (09:53):
I'm about one step away from a gimp mask from
from pulp fiction. You are, so you are.

Speaker 7 (09:59):
I've got the that'll be sexier than what you got now.

Speaker 8 (10:02):
I've got the face masks. Beautiful all well on face
masks and do not disturb.

Speaker 3 (10:06):
They are great, they are, they're fen.

Speaker 7 (10:09):
I've got the mouth patch. I think that's from better sleep.

Speaker 8 (10:11):
Okay, that keeps my mouth closed like a tape. Tape Okay,
shuts my mouth. So I only sleep through my nose.
That's a big part of it. And I've got these
nose expanders that I put on my nose that open
up my nostrils, and I put a little your plugs
in and I sleep like Ussein Bolt runs one hundred meters.

Speaker 7 (10:30):
How's the romance the crap out of the bed?

Speaker 4 (10:32):
Yeah?

Speaker 7 (10:33):
Is the romance still good?

Speaker 8 (10:34):
Though? No one wants to go near someone with that
humil adding crap on their face.

Speaker 7 (10:38):
Tracy more Tracy. But at least you get in good sleep.

Speaker 4 (10:41):
She was last night.

Speaker 8 (10:42):
She goes, oh god, you're not going to put your
shirt on your face again. But you know, if you're
going for a tramp, you make sure you have the
right gear. If you're going to work, you bring your
laptop if you need it, you bring your lunch whatever.
Sleep is a big part of your life. Hopefully eight
hours or seven hours or whatever you need. It's different
for different people. Why wouldn't you put the stuff together

(11:03):
to go on that journey?

Speaker 7 (11:04):
Just for your point?

Speaker 8 (11:05):
I mean, should I be laughed at and berated by
people like you, Tyler, because I want to seal my
mouth shut, open my nose up, put a mask on,
and put an ear pigs before we go to sleep.

Speaker 4 (11:17):
Absolutely, you show, we need to see photos as well.

Speaker 8 (11:19):
But it is a big part of the weight loss
equation is asleep.

Speaker 4 (11:24):
Oh wow, I've been doing it all wrong.

Speaker 2 (11:27):
I just I just stopped eating the food I like
and drinking the drinks I like and doing hypnopicer sides
wich I hate.

Speaker 4 (11:37):
And all I needed to be doing was getting lots
of sleep. That's not going to happen, is it.

Speaker 7 (11:43):
Ah?

Speaker 2 (11:43):
Well, on that note, that's the bean for the day
and we'll do it again tomorrow.

Speaker 4 (11:49):
I'll see you after it great No sleep us.

Speaker 1 (11:51):
Talk talks it bean. For more from news Talk said
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