July 21, 2026 • 13 mins
FIRST WITH YESTERDAY'S NEWS (highlights from Tuesday on Newstalk ZB) Good Time to Put Your Hand Out/Prices These Days/You Must Be Dreaming/Get Out of My House
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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.
Speaker 2 (00:25):
Hello, my beautiful beanies, and welcome to the bean for Wednesday.
First with yesterday's news, I am Glenn Hart, and we
are looking back at Tuesday. It was inflation day. We'll
see how that.
Speaker 3 (00:38):
Rolled out.
Speaker 2 (00:39):
Marcus wants to talk about trading me. He often wants
to talk about trading Actually, I think he's really into
trade me and the old issue of your kids living
at home past the time that they really welcome. Let's
come up again. But before any of that Golden Base, Amen,
I'd never thought i'd see the day that we'd been
(01:00):
all day talking about Golden Base ament and why the
government has stop from going out of business or something.
Speaker 3 (01:06):
What's going on here, No doubt Samenta is important building
the country. But so was refined oil. We offshowl that.
So is milled timber, which we are letting go. So
is food production, which we're letting fall over too. This
is the problem with welfare. Once you start handing it out,
everyone wants a piece of the pie. Fletcher Building is
a conglomerate listed both here and on the ASX. The
(01:27):
results are due out next month, which will now be
watched very closely. Last week the company increased its earnings
guidance and turned a forty five million dollar profit in
the half year to December. Sure, it's not without its problems.
We've kept you updated on their regstructures, the legacy issues,
the general state of construction. The only reason the government
is doing this, though, in my view, is because unlike
(01:47):
there are other examples of the paper mills and the
watties and what have views, this one's caused not just
by the price of labor and energy going north. It's
the ETS Fletcher's Buiyas credits to emit carbon while making
its cement. This cost made the Northern plant unviable, dead
man walking. You can import cheap cemits from offshore where
(02:09):
they don't pay for these emissions, which makes them a
cheaper option, and we get undercut. The government reckons they
want went with a bailout here rather than changing the
ETS rules because they didn't want companies lining up for handouts.
But that is exactly what will happen anyway. Any plant
at risk of closure paying for emissions is now fair game.
(02:33):
This might look like a small ish payment to a
single business, but it's actually a blank check they've just
signed with the election around the corner, and guess what,
the sky's the limit?
Speaker 2 (02:44):
Yeah, actually that's a good point. It is now the
time to sort of deliberately do things, stuff things up
so you can get a bit of a helping hand
for your industry, for your group, for your whoever it
is you represent. Probably is, isn't it if you can
convince somebody there's some votes in it. Us talk. That's
(03:09):
a very cynical way of looking at things. Again, I
am sort of the cynical, sarcastic guy at Newstalks with
bad case you've forgotten. I'm sure carry is more. It
feels more generous towards the people.
Speaker 4 (03:25):
We have signed up to the Paris Accord. We have said,
oh yes, bring on the etes, please, let's cripple ourselves
so we can maintain the moral high ground. And in
the meantime we're going to have to import goods that
are made by other countries that have stuck two fingers
to Paris and said we can't afford it. How does
(03:46):
that work? How do we maintain the moral high ground
by buying goods from countries that are ignoring their carbon obligation,
their carbon offset obligations. We do our own companies out
of business, We put people out of work, and we
(04:10):
buy from countries that ignore the eties. It doesn't make
any sense to me at all.
Speaker 2 (04:15):
Yeah, it's interesting how this has become an environmental issue,
isn't it. I mean, everything is theek days, isn't it.
But the other interesting thing is And somebody texted into
the breakfast show yesterday or emailed and pointing out that
the because Fletcher's ultimately owns Golden Base cement, and they
(04:38):
were the Jib people as well, And so yeah, the
government took with one hand and there because suddenly everybody
was allowed to bring other things that went Jib into
the country. Beforehand they hadn't been. And Glitcher's was making
a good coin all the money they wanted to make
(04:58):
out of Jib. But now that the cement thing's got
a bit hard, suddenly once again the rules have changed.
It's not very con sister.
Speaker 5 (05:09):
It feels like to me the ques talk sivy.
Speaker 2 (05:12):
So I think ultimately that the price ofbjerba and similar
products came down at the moment the price of things
is going up, isn't it. I mean, it always does.
Speaker 6 (05:23):
There's stuff in there which really gets our goat, like
the twelve percent rise and electricity prices rates are up
at eight point eight percent. That's the that's the non
tradable stuff. We can influence that, but we're not. It's
all going up, but all are saying that this increases
the pressure on the Reserve Bank to increase interest rates
to squash these price rises. Now, the problem I have
with that is the nascent recovery that we're starting to
(05:45):
see gets squashed as well as the prices, forcing us
into a longer period of dime turn and stagnation. And
that's because this simplistic inflation target does not take into
account all the complex wheels that's spin in an economy.
It's this brutal, simplistic measure that in fact served us
so well when it was first introduced thirty years ago,
(06:07):
which is now seeing us boom and bust and rock
up and down on a roller coaster, which you have
to say is no good for long term economic planning.
There is a strong argument for a new way of
calculating our position rather than an inflation percentage figure. But
it's going to take a very smart person to figure
all that out. So until then, the fairy ground ride
(06:28):
that is our macro economic setting will continue.
Speaker 2 (06:32):
Yeah, this is it, we all. This is one of
those things we all become experts on, isn't it, And
we start using words like macroeconomic settings. But yeah, I
don't know what that means. Crunchy. I've heard the word
crunchy for a long time. Their inflation was sticky. I
(06:52):
think now it's crunchy, or times are crunchy, the policies
are crunchy. Something's crunchy. Anyway. It just makes me want
butter use setting and tough times. It's it's it's a
good time to, you know, have a lot around and
see if there's something you can flog off on trade me.
And you've got to price things right though, don't, don't
(07:13):
you Marcus.
Speaker 7 (07:13):
There are thirty four listings for Smeg stamps on trade me,
also a knife set two seventy and an empty knife
block five hundred. Stamps range and prize from expensive to outrageous.
I was thinking when I was on trade me before
work tonight. I think what they should develop as a
button when someone's got an asking price you can just click.
(07:36):
It says you're dreaming, because often people ask too much,
and I think they would make it more enjoyable to graze.
If you're actually seeing things that ridiculously expense, you just
get you're dreaming.
Speaker 2 (07:48):
Marcus has an unusual approach to trade me from my
point of view, and it's only just occurred to me
that people do this as a thing that you just
sort of go on at, like you would like a
social media fee for entertainment purposes, just to have a
bit of a browse. That seems crazy to me. I
would never go anywhere near or we have unless I
(08:09):
had to, you know, I wanted to actually use it
for something like buying and or selling that particular website.
I mean that what he's suggesting that kind of exists
already because you can make an offer on a lot
of things, and when you list things, you can let
people make an offer. I've certainly had people make some
crazy offers, and I don't mind that because then you
(08:32):
can counter offer and you can go back with your
saying crazy process if you want to go no, you're dreaming.
News talk right, and let's finish up with more reasons
to never ever never, never, never, never, ever, never ever
ever have kids?
Speaker 5 (08:50):
How old are they get met? I just missed that there.
Speaker 8 (08:53):
Fifteen and sixteen girl and now sixteen year old boy
reckons that staying at home after eighteen is just a
massive loss of auras that way to put it, talking
about it. My wife's kids, Oh no, I want you
to stay, and I was like, hell, no, get out
of the house, go and do something. There's always a
(09:15):
room yet. Yeah, but I think going then on your
own two feet.
Speaker 5 (09:21):
But did the fifteen year old think it was a
loss of aora to be there after eighteen or did she?
Was she more open to staying lot longer?
Speaker 8 (09:27):
No, she's ready to go as well. I want to
finish school and then go to She wants to move
to the city, so right, that's true. Yeah, that's what
she wants to do.
Speaker 5 (09:35):
And are you quite are you quite rural?
Speaker 3 (09:37):
Are you?
Speaker 5 (09:38):
Or we're we're about saying.
Speaker 8 (09:40):
In Auckland, right.
Speaker 3 (09:43):
So she wants to move into it or to Auckland Auckland.
Speaker 8 (09:46):
She wants the biggest city she can find. So well,
then there was a huge.
Speaker 5 (09:50):
Moment motivation for me to move out of home when
I was a teenager. Is that I wanted. We were
miles away from a dairy or anything. So that's just
the idea of living somewhere where you could go to
the dairy was just so exciting for me.
Speaker 3 (10:02):
That's the big lights.
Speaker 8 (10:03):
Man, that's such a funny. It's just a funny, funny thing. Oh,
the boy just wants to stay close to wherever he's fishing. Yeah,
and she just wants she just wants to go somewhere
she can go shopping.
Speaker 5 (10:13):
So yeah, So for you, man, I mean fifteen, for
most people, that's pretty young to be moving out of home.
Speaker 3 (10:19):
What was what was the circumstances for you? Did you
make it work?
Speaker 8 (10:21):
Yeah? Yeah, it was pretty wild, to be fair. We
had three three sixteen year old boys splitting and yeah,
that was pretty pretty hard out for a few years. Yeah,
I must say, what kind of state was the toilet?
And not a good state. We used all the dishes
until there were no dishes left over, and then we
(10:42):
thought about doing them. Yeah, and it was Yeah, it
was not a good not a good place to be.
Definitely wasn't ready to live by myself.
Speaker 5 (10:49):
Yeah, there is that period where you don't really know
how much your parents were doing and you sort of don't.
You're right, you're so lazy when you're in teenager you
rather live than mark than clean it up.
Speaker 8 (10:59):
Yeah, And then there's absolutely then.
Speaker 5 (11:02):
There's an age you reach where you just you've had
enough of it. Yeah, it's normally when you're trying to
impress a girl.
Speaker 8 (11:08):
That definitely happened at eighteen.
Speaker 7 (11:11):
Yeah, so when you sort yourself out, usually for a guy.
Speaker 4 (11:13):
Yeah, yeah, once you find a lady you need to impress. Boy,
do you improve?
Speaker 2 (11:18):
Yeah, that is that is true. It's there's definitely two
kinds of people. I'm gonna be generous and call young
people people. Yeah, I mean I don't usually think of
them as being people, but in this case, for the
sake of argument, I will There are other kind like
me and that bloke Matt who called him there, who
(11:38):
just could not wait to leave home. It was all,
you know, primary focus was to get out, have your independence,
eat whatever you want when you want. It was a
big part of it. Were obviously you couldn't afford to
eat anything, but if you had been able to, would
have been good. And yeah, and just literally not have
(12:03):
anybody to tell you what to do. And then there
are the other kind of young people who just seem
to want to mooch off mum forever. And I just
don't get that, and I think there's nothing you to
do about that. It's always going to be that way.
Are we living in a time where there are more
mum moochers than before? I don't know. I think there's
(12:24):
always been mum moochers, haven't There could be an interesting
bit of AI art I generate for this podcast around
mum mooching. I just got to figure out exactly how
to describe that to AI to get exactly the right picture,
and then it probably won't give me the right picture,
and then I'll probably use it anyway, because I can't
spend too much time on these things. You know how
(12:44):
it goes. Once again, this last bit's gone on far
too long. I've sort of just been thinking out loud,
and you've had to listen to it. I mean, you
haven't had to. You could have stopped, but you're still here.
Why do you do that to yourself? I mean, I
hope you come back and do it to yourself again tomorrow.
I'll see you there.
Speaker 1 (12:59):
Used Talk Talk, Said Beam. For more from Used 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, said b
follow this and our wide range of podcasts now on iHeartRadio.
Used Talk said, be you talk.
Speaker 2 (00:25):
Hello, my beautiful beanies, and welcome to the bean for Wednesday.
First with yesterday's news, I am Glenn Hart, and we
are looking back at Tuesday. It was inflation day. We'll
see how that.
Speaker 3 (00:38):
Rolled out.
Speaker 2 (00:39):
Marcus wants to talk about trading me. He often wants
to talk about trading Actually, I think he's really into
trade me and the old issue of your kids living
at home past the time that they really welcome. Let's
come up again. But before any of that Golden Base, Amen,
I'd never thought i'd see the day that we'd been
(01:00):
all day talking about Golden Base ament and why the
government has stop from going out of business or something.
Speaker 3 (01:06):
What's going on here, No doubt Samenta is important building
the country. But so was refined oil. We offshowl that.
So is milled timber, which we are letting go. So
is food production, which we're letting fall over too. This
is the problem with welfare. Once you start handing it out,
everyone wants a piece of the pie. Fletcher Building is
a conglomerate listed both here and on the ASX. The
(01:27):
results are due out next month, which will now be
watched very closely. Last week the company increased its earnings
guidance and turned a forty five million dollar profit in
the half year to December. Sure, it's not without its problems.
We've kept you updated on their regstructures, the legacy issues,
the general state of construction. The only reason the government
is doing this, though, in my view, is because unlike
(01:47):
there are other examples of the paper mills and the
watties and what have views, this one's caused not just
by the price of labor and energy going north. It's
the ETS Fletcher's Buiyas credits to emit carbon while making
its cement. This cost made the Northern plant unviable, dead
man walking. You can import cheap cemits from offshore where
(02:09):
they don't pay for these emissions, which makes them a
cheaper option, and we get undercut. The government reckons they
want went with a bailout here rather than changing the
ETS rules because they didn't want companies lining up for handouts.
But that is exactly what will happen anyway. Any plant
at risk of closure paying for emissions is now fair game.
(02:33):
This might look like a small ish payment to a
single business, but it's actually a blank check they've just
signed with the election around the corner, and guess what,
the sky's the limit?
Speaker 2 (02:44):
Yeah, actually that's a good point. It is now the
time to sort of deliberately do things, stuff things up
so you can get a bit of a helping hand
for your industry, for your group, for your whoever it
is you represent. Probably is, isn't it if you can
convince somebody there's some votes in it. Us talk. That's
(03:09):
a very cynical way of looking at things. Again, I
am sort of the cynical, sarcastic guy at Newstalks with
bad case you've forgotten. I'm sure carry is more. It
feels more generous towards the people.
Speaker 4 (03:25):
We have signed up to the Paris Accord. We have said,
oh yes, bring on the etes, please, let's cripple ourselves
so we can maintain the moral high ground. And in
the meantime we're going to have to import goods that
are made by other countries that have stuck two fingers
to Paris and said we can't afford it. How does
(03:46):
that work? How do we maintain the moral high ground
by buying goods from countries that are ignoring their carbon obligation,
their carbon offset obligations. We do our own companies out
of business, We put people out of work, and we
(04:10):
buy from countries that ignore the eties. It doesn't make
any sense to me at all.
Speaker 2 (04:15):
Yeah, it's interesting how this has become an environmental issue,
isn't it. I mean, everything is theek days, isn't it.
But the other interesting thing is And somebody texted into
the breakfast show yesterday or emailed and pointing out that
the because Fletcher's ultimately owns Golden Base cement, and they
(04:38):
were the Jib people as well, And so yeah, the
government took with one hand and there because suddenly everybody
was allowed to bring other things that went Jib into
the country. Beforehand they hadn't been. And Glitcher's was making
a good coin all the money they wanted to make
(04:58):
out of Jib. But now that the cement thing's got
a bit hard, suddenly once again the rules have changed.
It's not very con sister.
Speaker 5 (05:09):
It feels like to me the ques talk sivy.
Speaker 2 (05:12):
So I think ultimately that the price ofbjerba and similar
products came down at the moment the price of things
is going up, isn't it. I mean, it always does.
Speaker 6 (05:23):
There's stuff in there which really gets our goat, like
the twelve percent rise and electricity prices rates are up
at eight point eight percent. That's the that's the non
tradable stuff. We can influence that, but we're not. It's
all going up, but all are saying that this increases
the pressure on the Reserve Bank to increase interest rates
to squash these price rises. Now, the problem I have
with that is the nascent recovery that we're starting to
(05:45):
see gets squashed as well as the prices, forcing us
into a longer period of dime turn and stagnation. And
that's because this simplistic inflation target does not take into
account all the complex wheels that's spin in an economy.
It's this brutal, simplistic measure that in fact served us
so well when it was first introduced thirty years ago,
(06:07):
which is now seeing us boom and bust and rock
up and down on a roller coaster, which you have
to say is no good for long term economic planning.
There is a strong argument for a new way of
calculating our position rather than an inflation percentage figure. But
it's going to take a very smart person to figure
all that out. So until then, the fairy ground ride
(06:28):
that is our macro economic setting will continue.
Speaker 2 (06:32):
Yeah, this is it, we all. This is one of
those things we all become experts on, isn't it, And
we start using words like macroeconomic settings. But yeah, I
don't know what that means. Crunchy. I've heard the word
crunchy for a long time. Their inflation was sticky. I
(06:52):
think now it's crunchy, or times are crunchy, the policies
are crunchy. Something's crunchy. Anyway. It just makes me want
butter use setting and tough times. It's it's it's a
good time to, you know, have a lot around and
see if there's something you can flog off on trade me.
And you've got to price things right though, don't, don't
(07:13):
you Marcus.
Speaker 7 (07:13):
There are thirty four listings for Smeg stamps on trade me,
also a knife set two seventy and an empty knife
block five hundred. Stamps range and prize from expensive to outrageous.
I was thinking when I was on trade me before
work tonight. I think what they should develop as a
button when someone's got an asking price you can just click.
(07:36):
It says you're dreaming, because often people ask too much,
and I think they would make it more enjoyable to graze.
If you're actually seeing things that ridiculously expense, you just
get you're dreaming.
Speaker 2 (07:48):
Marcus has an unusual approach to trade me from my
point of view, and it's only just occurred to me
that people do this as a thing that you just
sort of go on at, like you would like a
social media fee for entertainment purposes, just to have a
bit of a browse. That seems crazy to me. I
would never go anywhere near or we have unless I
(08:09):
had to, you know, I wanted to actually use it
for something like buying and or selling that particular website.
I mean that what he's suggesting that kind of exists
already because you can make an offer on a lot
of things, and when you list things, you can let
people make an offer. I've certainly had people make some
crazy offers, and I don't mind that because then you
(08:32):
can counter offer and you can go back with your
saying crazy process if you want to go no, you're dreaming.
News talk right, and let's finish up with more reasons
to never ever never, never, never, never, ever, never ever
ever have kids?
Speaker 5 (08:50):
How old are they get met? I just missed that there.
Speaker 8 (08:53):
Fifteen and sixteen girl and now sixteen year old boy
reckons that staying at home after eighteen is just a
massive loss of auras that way to put it, talking
about it. My wife's kids, Oh no, I want you
to stay, and I was like, hell, no, get out
of the house, go and do something. There's always a
(09:15):
room yet. Yeah, but I think going then on your
own two feet.
Speaker 5 (09:21):
But did the fifteen year old think it was a
loss of aora to be there after eighteen or did she?
Was she more open to staying lot longer?
Speaker 8 (09:27):
No, she's ready to go as well. I want to
finish school and then go to She wants to move
to the city, so right, that's true. Yeah, that's what
she wants to do.
Speaker 5 (09:35):
And are you quite are you quite rural?
Speaker 3 (09:37):
Are you?
Speaker 5 (09:38):
Or we're we're about saying.
Speaker 8 (09:40):
In Auckland, right.
Speaker 3 (09:43):
So she wants to move into it or to Auckland Auckland.
Speaker 8 (09:46):
She wants the biggest city she can find. So well,
then there was a huge.
Speaker 5 (09:50):
Moment motivation for me to move out of home when
I was a teenager. Is that I wanted. We were
miles away from a dairy or anything. So that's just
the idea of living somewhere where you could go to
the dairy was just so exciting for me.
Speaker 3 (10:02):
That's the big lights.
Speaker 8 (10:03):
Man, that's such a funny. It's just a funny, funny thing. Oh,
the boy just wants to stay close to wherever he's fishing. Yeah,
and she just wants she just wants to go somewhere
she can go shopping.
Speaker 5 (10:13):
So yeah, So for you, man, I mean fifteen, for
most people, that's pretty young to be moving out of home.
Speaker 3 (10:19):
What was what was the circumstances for you? Did you
make it work?
Speaker 8 (10:21):
Yeah? Yeah, it was pretty wild, to be fair. We
had three three sixteen year old boys splitting and yeah,
that was pretty pretty hard out for a few years. Yeah,
I must say, what kind of state was the toilet?
And not a good state. We used all the dishes
until there were no dishes left over, and then we
(10:42):
thought about doing them. Yeah, and it was Yeah, it
was not a good not a good place to be.
Definitely wasn't ready to live by myself.
Speaker 5 (10:49):
Yeah, there is that period where you don't really know
how much your parents were doing and you sort of don't.
You're right, you're so lazy when you're in teenager you
rather live than mark than clean it up.
Speaker 8 (10:59):
Yeah, And then there's absolutely then.
Speaker 5 (11:02):
There's an age you reach where you just you've had
enough of it. Yeah, it's normally when you're trying to
impress a girl.
Speaker 8 (11:08):
That definitely happened at eighteen.
Speaker 7 (11:11):
Yeah, so when you sort yourself out, usually for a guy.
Speaker 4 (11:13):
Yeah, yeah, once you find a lady you need to impress. Boy,
do you improve?
Speaker 2 (11:18):
Yeah, that is that is true. It's there's definitely two
kinds of people. I'm gonna be generous and call young
people people. Yeah, I mean I don't usually think of
them as being people, but in this case, for the
sake of argument, I will There are other kind like
me and that bloke Matt who called him there, who
(11:38):
just could not wait to leave home. It was all,
you know, primary focus was to get out, have your independence,
eat whatever you want when you want. It was a
big part of it. Were obviously you couldn't afford to
eat anything, but if you had been able to, would
have been good. And yeah, and just literally not have
(12:03):
anybody to tell you what to do. And then there
are the other kind of young people who just seem
to want to mooch off mum forever. And I just
don't get that, and I think there's nothing you to
do about that. It's always going to be that way.
Are we living in a time where there are more
mum moochers than before? I don't know. I think there's
(12:24):
always been mum moochers, haven't There could be an interesting
bit of AI art I generate for this podcast around
mum mooching. I just got to figure out exactly how
to describe that to AI to get exactly the right picture,
and then it probably won't give me the right picture,
and then I'll probably use it anyway, because I can't
spend too much time on these things. You know how
(12:44):
it goes. Once again, this last bit's gone on far
too long. I've sort of just been thinking out loud,
and you've had to listen to it. I mean, you
haven't had to. You could have stopped, but you're still here.
Why do you do that to yourself? I mean, I
hope you come back and do it to yourself again tomorrow.
I'll see you there.
Speaker 1 (12:59):
Used Talk Talk, Said Beam. For more from Used 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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