September 2, 2024 • 10 mins
FIRST WITH YESTERDAY'S NEWS (highlights from Monday on Newstalk ZB) A Bit of Penny Pinching May Be Required/Never Mess with Super/Can We Go Faster, Faster?/Why Do Websites Still Crash?/Getting On Board with Burger Pizzas
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Speaker 1 (00:09):
You're listening to a podcast from News Talk SEDB. Follow
this and our wide range of podcasts now on iHeartRadio
Used Talk SEDB Talk.
Speaker 2 (00:23):
Hello, my beautiful beanies, and welcome to the bean for Tuesday.
First with yesterday's news. I'm Glen Hart and we are
looking back at Monday. Speed limits might be going up
at the app up. It can't be anything but good, right,
Retirement age might be going up at app up?
Speaker 3 (00:40):
Is that good?
Speaker 2 (00:42):
The price of an Oasis ticket has definitely gone up,
and how much would you expect to pay for a
Burger pizza? What an exciting podcast we have ahead. So
the outgoing head of Treasury has certainly fired a few
shots across the bow.
Speaker 3 (01:00):
Ryan was pretty interested in this.
Speaker 4 (01:02):
She doesn't want to be in the press. She's Australian,
she's a political she's five year term coming to an end.
She's actually going back to Australia to be the Attorney
General over there. Forgive me the order to General over there.
So what if she said, well, she said, the chickens
are coming home to roost after COVID. We have a
structural deficit and it is so bad that the penny
(01:26):
pinching or the pinching, pennies, whatever you want to call it,
is just not going to cut it. Here's a quote
from her significance, concerns about underlying fiscal sustainability of our
operating model. Now, our netcore crown debt is at forty
three percent of GDP. Yes, that is still within a
prudent level, but it is well up on the sub
(01:48):
twenty percent of pre COVID. This is the problem, and
so what do we need? She says, capital gains tax
more comprehensive than the one we've got, and a change
to the pension age. Boy, did we screw the pooch
during COVID, right, And everyone said, I don't worry, We're
going to spend all this money so we don't have
a recession. But we're still had recessions, so it doesn't
(02:11):
really matter how much penny pinching, though, we still need
the penny pinching.
Speaker 2 (02:17):
That was a good ef it from Ryan because he
started that editorial by calling it penny pinching, and he
recovered well. In fact, he made a real effort to
say penny pinching many many times after that, rather than
you shy away from it as I.
Speaker 3 (02:35):
Would have done. Though that was a good effort, right,
Oh so what are we talking about. Oh, that's right,
news talk z been Yes.
Speaker 2 (02:42):
You mentioned raising the retirement age. You never talk about
raising the retirement age, do you. But somebody's going to
have to apparently.
Speaker 5 (02:51):
So there were reformists within labor who said, right, now's
the time. We don't have to faff around with any
other political parties. We don't have to make compromise or concession.
Now's the time to do it. No, I said Chris Hopkins.
We need to get elected. We need to get re
elected because otherwise it's going to be stinking opposition. So
he mixed it as well. It is hard to see
(03:12):
when such an opportunity will come again in the near future.
I agree. I think it would be very hard for
a political party to introduce a capital gains tax now.
But the upshot is New Zealand needs to spend more,
is spend less and make more money, just like our households.
Spend less, make more money if we want to fund
(03:35):
the lifestyle we enjoy. And I just don't think enough
people have grasped that yet. We still want all the
bells and whistles, we want the cherry on top we
can barely afford the cake, far less the icing and
the cherry on top. We have to make counts somewhere.
We have to get revenue from somewhere. Where's it going
to be. Raising the age of eligibility for super as
(04:01):
probably a very very good start. It's been talked about
for years, It's been fiddled around with for years. Bil
English came very close to getting it in. But while
New Zealand first has anything to do with anything, it'll
remain at sixty five and we simply can't afford that
unless we raise taxes so that the people who are
(04:21):
turning sixty five in the next ten years will effectively
pay for that.
Speaker 3 (04:26):
It's tricky, isn't it.
Speaker 2 (04:27):
Can you just keep putting it up and up and
up and up for those things get more and more expensive.
I don't know if that's an answer either, but yes,
it'd be interesting to see. I feel like the retirement
age and the nuclear free policy are just two things
that is just sort of set in stone and will
(04:48):
never ever change whatever happens in the world.
Speaker 3 (04:50):
In New Zealand, even if.
Speaker 2 (04:52):
You know we definitely need nuclear power to run the country,
we'd rather just sit in the dark and the cold
and change that and we'd rather sit in the dark
and the cold at age sixty six getting our pension.
Speaker 3 (05:10):
I think that's how that goes.
Speaker 1 (05:12):
Talk sid But at.
Speaker 3 (05:14):
Least we're we're able to get to where we're going.
Speaker 2 (05:16):
About two and a half minutes quicker because on some
roads we'll just travel at one hundred and ten speed limits.
Speaker 6 (05:22):
On motorways, what should they be? One ten proposed for
the new motorway north of Auckland. I'm saying why not everywhere?
I'm saying if we're into fast tracking, the faster we go,
the more efficient our economy is. We believe in fast tracking.
This government believes in fast tracking. Why are they doing
the whole public consultation process? What's this asking people what
their opinion is? You know what will happen? Then all
(05:43):
the do gooders and the fussy fuss will come out and.
Speaker 3 (05:46):
Go you can go that fast.
Speaker 2 (05:47):
I'm so on the fence about the public consultation thing
because I am a bit worried that if you get
too carried away with the fast checking, you can make
some mistakes that are hard to reverse. But I also
do know that as soon as you like Andrew just says,
as soon as you open something up for public consultation,
it's opening it up for naysayers to say nay, And I'm.
Speaker 3 (06:07):
Not into saying nay.
Speaker 2 (06:12):
Are you surprised by the amount of interest this Oasis
thing is generating?
Speaker 3 (06:15):
I think most of us.
Speaker 2 (06:16):
Outside of the UK ah and yet there's a certain
sort of tailors with mania about this thing, isn't there.
Speaker 7 (06:23):
Hey, I'm going to be fascinated to see what comes
of the Oasis ticketing for fiasco in the UK at
the moment, and I would bet probably nothing will come
of this. What's happened is that the tickets went on sale.
I think it was on Saturday night. It was basically
over the weekend New Zealand time for as low as
people will be expecting to be able to pick up
tickets for as low as two hundred and eighty dollars.
(06:45):
But then what was happening was they were spending hours
in the queues online to get to those tickets, and
when they finally got to the ticket, two hundred and
eighty dollars was now seven hundred and ten dollars plus
fees on top of it. And people were furious because
of this. Because of course, what people don't realize, and
people don't realize this happens in New Zealand as well,
is that ticket Master uses what is called dynamic pricing,
(07:05):
and it basically is like Uber's surge pricing. If no
one wants to buy the tickets, they're really cheap. Like
when nobody wants to drop to catch an Uber, you
can get it for like nine bucks, right, But when
everyone wants to buy these tickets from around the world,
they jack up the price at ticket Master. It's basic
supply and demand stuff. The government over there in the
UK has heard how upset people are about it, so
(07:25):
now promising a review of it. And this is where
I think it's going to get interesting, because when they
finish the review, what are they going to find that
ticket Master's done something wrong here? Plenty of businesses do
this Uber I just name them as one. Hotels do it.
You're gonna pay more at the weekend, then you're gonna
pay during the weekday. Results in Fiji do it. The
prices go up during the school holidays. Airlines do it.
(07:48):
The prices go higher and higher the fewer seats they
have left on the plane. It's basically the more people want,
the fewer of the things are available, they jack up
the price. So probably you can't argue that ticket Master
is doing anything wrong when it's jacking up the Oasis
ticket price prices. There may be an argument here, though,
that they are doing something wrong by not being transparent
about this, by not telling you they're doing it, or
(08:09):
not telling you how they're doing it. Maybe you can
argue there, but then all you're going to do is
you're going to force them to be transparent. Is that
going to bring the price down? I'm not so sure.
The factors people from around the world, around the world
tried to buy a limited number of Oasis tickets over
the weekend. It was demand. So as much as I
hate being ripped off and sometimes I feel like I
(08:31):
am by ticket prices, can we really argue that ticket
Master actually did anything wrong here?
Speaker 3 (08:35):
I don't know. It is kind of amazing that you
can make your website work, you know, I'm mind you
He's right.
Speaker 2 (08:45):
It does seem to happen all the time with all
sorts of things, you know, from elections to lotto results.
Speaker 3 (08:53):
Technology.
Speaker 2 (08:54):
Are you think would come on AI.
Speaker 3 (08:58):
Lift your game news talk see it been right?
Speaker 2 (09:01):
We're going to finish year with some exciting pizza news
or is it exciting bergen news.
Speaker 8 (09:06):
It's a bit confusing by the way that pizza that
Dominos is doing that's a hamburger. I mean, it's just brutal.
The pizza takeaways are dominating fast food, and now they've
done I mean, now they're actually taking on the burger
places with that hamburger pizza. Well, now that happened in
(09:27):
a meeting, so we might be losing market share of
these gourmet burger places. Let's do a burger on a
pizza that's inspired.
Speaker 3 (09:36):
And Marcus is so late to the party on this one.
Speaker 2 (09:39):
Does he not realize that they've been doing burger pizzas
for ages that they are fantastic. The thing that he's
seen is that you can get it as a lunch
deal now. And they also do one that's kind of
like an outside in kind of pizza, kind of like
a kel Zony is it a kel Zone. It's not
(09:59):
getting too bogged down in that, but they are great.
I mean, why not have a burger in a pizza
at the same time, only there was a way of
working dessert him to that as well.
Speaker 3 (10:09):
Measure the time savings. Ah I'm so hungry.
Speaker 2 (10:13):
I'm gle and hat and I will be back tomorrow,
hopefully not.
Speaker 3 (10:17):
With Burger Pizza news because it just makes my mouth water.
Speaker 1 (10:21):
Use Talking Talking zid Bean for more from News Talk
zid 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 SEDB. Follow
this and our wide range of podcasts now on iHeartRadio
Used Talk SEDB Talk.
Speaker 2 (00:23):
Hello, my beautiful beanies, and welcome to the bean for Tuesday.
First with yesterday's news. I'm Glen Hart and we are
looking back at Monday. Speed limits might be going up
at the app up. It can't be anything but good, right,
Retirement age might be going up at app up?
Speaker 3 (00:40):
Is that good?
Speaker 2 (00:42):
The price of an Oasis ticket has definitely gone up,
and how much would you expect to pay for a
Burger pizza? What an exciting podcast we have ahead. So
the outgoing head of Treasury has certainly fired a few
shots across the bow.
Speaker 3 (01:00):
Ryan was pretty interested in this.
Speaker 4 (01:02):
She doesn't want to be in the press. She's Australian,
she's a political she's five year term coming to an end.
She's actually going back to Australia to be the Attorney
General over there. Forgive me the order to General over there.
So what if she said, well, she said, the chickens
are coming home to roost after COVID. We have a
structural deficit and it is so bad that the penny
(01:26):
pinching or the pinching, pennies, whatever you want to call it,
is just not going to cut it. Here's a quote
from her significance, concerns about underlying fiscal sustainability of our
operating model. Now, our netcore crown debt is at forty
three percent of GDP. Yes, that is still within a
prudent level, but it is well up on the sub
(01:48):
twenty percent of pre COVID. This is the problem, and
so what do we need? She says, capital gains tax
more comprehensive than the one we've got, and a change
to the pension age. Boy, did we screw the pooch
during COVID, right, And everyone said, I don't worry, We're
going to spend all this money so we don't have
a recession. But we're still had recessions, so it doesn't
(02:11):
really matter how much penny pinching, though, we still need
the penny pinching.
Speaker 2 (02:17):
That was a good ef it from Ryan because he
started that editorial by calling it penny pinching, and he
recovered well. In fact, he made a real effort to
say penny pinching many many times after that, rather than
you shy away from it as I.
Speaker 3 (02:35):
Would have done. Though that was a good effort, right,
Oh so what are we talking about. Oh, that's right,
news talk z been Yes.
Speaker 2 (02:42):
You mentioned raising the retirement age. You never talk about
raising the retirement age, do you. But somebody's going to
have to apparently.
Speaker 5 (02:51):
So there were reformists within labor who said, right, now's
the time. We don't have to faff around with any
other political parties. We don't have to make compromise or concession.
Now's the time to do it. No, I said Chris Hopkins.
We need to get elected. We need to get re
elected because otherwise it's going to be stinking opposition. So
he mixed it as well. It is hard to see
(03:12):
when such an opportunity will come again in the near future.
I agree. I think it would be very hard for
a political party to introduce a capital gains tax now.
But the upshot is New Zealand needs to spend more,
is spend less and make more money, just like our households.
Spend less, make more money if we want to fund
(03:35):
the lifestyle we enjoy. And I just don't think enough
people have grasped that yet. We still want all the
bells and whistles, we want the cherry on top we
can barely afford the cake, far less the icing and
the cherry on top. We have to make counts somewhere.
We have to get revenue from somewhere. Where's it going
to be. Raising the age of eligibility for super as
(04:01):
probably a very very good start. It's been talked about
for years, It's been fiddled around with for years. Bil
English came very close to getting it in. But while
New Zealand first has anything to do with anything, it'll
remain at sixty five and we simply can't afford that
unless we raise taxes so that the people who are
(04:21):
turning sixty five in the next ten years will effectively
pay for that.
Speaker 3 (04:26):
It's tricky, isn't it.
Speaker 2 (04:27):
Can you just keep putting it up and up and
up and up for those things get more and more expensive.
I don't know if that's an answer either, but yes,
it'd be interesting to see. I feel like the retirement
age and the nuclear free policy are just two things
that is just sort of set in stone and will
(04:48):
never ever change whatever happens in the world.
Speaker 3 (04:50):
In New Zealand, even if.
Speaker 2 (04:52):
You know we definitely need nuclear power to run the country,
we'd rather just sit in the dark and the cold
and change that and we'd rather sit in the dark
and the cold at age sixty six getting our pension.
Speaker 3 (05:10):
I think that's how that goes.
Speaker 1 (05:12):
Talk sid But at.
Speaker 3 (05:14):
Least we're we're able to get to where we're going.
Speaker 2 (05:16):
About two and a half minutes quicker because on some
roads we'll just travel at one hundred and ten speed limits.
Speaker 6 (05:22):
On motorways, what should they be? One ten proposed for
the new motorway north of Auckland. I'm saying why not everywhere?
I'm saying if we're into fast tracking, the faster we go,
the more efficient our economy is. We believe in fast tracking.
This government believes in fast tracking. Why are they doing
the whole public consultation process? What's this asking people what
their opinion is? You know what will happen? Then all
(05:43):
the do gooders and the fussy fuss will come out and.
Speaker 3 (05:46):
Go you can go that fast.
Speaker 2 (05:47):
I'm so on the fence about the public consultation thing
because I am a bit worried that if you get
too carried away with the fast checking, you can make
some mistakes that are hard to reverse. But I also
do know that as soon as you like Andrew just says,
as soon as you open something up for public consultation,
it's opening it up for naysayers to say nay, And I'm.
Speaker 3 (06:07):
Not into saying nay.
Speaker 2 (06:12):
Are you surprised by the amount of interest this Oasis
thing is generating?
Speaker 3 (06:15):
I think most of us.
Speaker 2 (06:16):
Outside of the UK ah and yet there's a certain
sort of tailors with mania about this thing, isn't there.
Speaker 7 (06:23):
Hey, I'm going to be fascinated to see what comes
of the Oasis ticketing for fiasco in the UK at
the moment, and I would bet probably nothing will come
of this. What's happened is that the tickets went on sale.
I think it was on Saturday night. It was basically
over the weekend New Zealand time for as low as
people will be expecting to be able to pick up
tickets for as low as two hundred and eighty dollars.
(06:45):
But then what was happening was they were spending hours
in the queues online to get to those tickets, and
when they finally got to the ticket, two hundred and
eighty dollars was now seven hundred and ten dollars plus
fees on top of it. And people were furious because
of this. Because of course, what people don't realize, and
people don't realize this happens in New Zealand as well,
is that ticket Master uses what is called dynamic pricing,
(07:05):
and it basically is like Uber's surge pricing. If no
one wants to buy the tickets, they're really cheap. Like
when nobody wants to drop to catch an Uber, you
can get it for like nine bucks, right, But when
everyone wants to buy these tickets from around the world,
they jack up the price at ticket Master. It's basic
supply and demand stuff. The government over there in the
UK has heard how upset people are about it, so
(07:25):
now promising a review of it. And this is where
I think it's going to get interesting, because when they
finish the review, what are they going to find that
ticket Master's done something wrong here? Plenty of businesses do
this Uber I just name them as one. Hotels do it.
You're gonna pay more at the weekend, then you're gonna
pay during the weekday. Results in Fiji do it. The
prices go up during the school holidays. Airlines do it.
(07:48):
The prices go higher and higher the fewer seats they
have left on the plane. It's basically the more people want,
the fewer of the things are available, they jack up
the price. So probably you can't argue that ticket Master
is doing anything wrong when it's jacking up the Oasis
ticket price prices. There may be an argument here, though,
that they are doing something wrong by not being transparent
about this, by not telling you they're doing it, or
(08:09):
not telling you how they're doing it. Maybe you can
argue there, but then all you're going to do is
you're going to force them to be transparent. Is that
going to bring the price down? I'm not so sure.
The factors people from around the world, around the world
tried to buy a limited number of Oasis tickets over
the weekend. It was demand. So as much as I
hate being ripped off and sometimes I feel like I
(08:31):
am by ticket prices, can we really argue that ticket
Master actually did anything wrong here?
Speaker 3 (08:35):
I don't know. It is kind of amazing that you
can make your website work, you know, I'm mind you
He's right.
Speaker 2 (08:45):
It does seem to happen all the time with all
sorts of things, you know, from elections to lotto results.
Speaker 3 (08:53):
Technology.
Speaker 2 (08:54):
Are you think would come on AI.
Speaker 3 (08:58):
Lift your game news talk see it been right?
Speaker 2 (09:01):
We're going to finish year with some exciting pizza news
or is it exciting bergen news.
Speaker 8 (09:06):
It's a bit confusing by the way that pizza that
Dominos is doing that's a hamburger. I mean, it's just brutal.
The pizza takeaways are dominating fast food, and now they've
done I mean, now they're actually taking on the burger
places with that hamburger pizza. Well, now that happened in
(09:27):
a meeting, so we might be losing market share of
these gourmet burger places. Let's do a burger on a
pizza that's inspired.
Speaker 3 (09:36):
And Marcus is so late to the party on this one.
Speaker 2 (09:39):
Does he not realize that they've been doing burger pizzas
for ages that they are fantastic. The thing that he's
seen is that you can get it as a lunch
deal now. And they also do one that's kind of
like an outside in kind of pizza, kind of like
a kel Zony is it a kel Zone. It's not
(09:59):
getting too bogged down in that, but they are great.
I mean, why not have a burger in a pizza
at the same time, only there was a way of
working dessert him to that as well.
Speaker 3 (10:09):
Measure the time savings. Ah I'm so hungry.
Speaker 2 (10:13):
I'm gle and hat and I will be back tomorrow,
hopefully not.
Speaker 3 (10:17):
With Burger Pizza news because it just makes my mouth water.
Speaker 1 (10:21):
Use Talking Talking zid Bean for more from News Talk
zid 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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