September 1, 2024 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast for Monday the 2nd if September 2024. The outgoing Treasury Chief Executive has called for a capital gains tax and rise to the retirement age to stop future budget deficits. Could it work? Tax expert Geof Nightingale joins the show.
Lambing season is underway and our red meat exports are down 2% from last year. What does it mean for the industry? Silver Fern Farms Chief Executive Dan Boulton chats to Ryan.
The All Blacks lose 27 - 31 to the Springboks in South Africa, and team NZ are back on the water just days after damaging their boat when their crane failed. Andrew Alderson has your weekend sport wrap.
Get the Early Edition with Ryan Bridge Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts
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Speaker 1 (00:01):
The issues, the interviews and the inside. Ryan Bridge you
for twenty twenty four on the early edition with Smith City,
New Zealand's furniture beds and a player store US doorgs.
Speaker 2 (00:15):
It'd be good morning. I hope you've had a great weekend.
Coming up this morning a truth bomb from the Treasury boss,
the outgoing boss, that is, it's about our COVID debt load.
It is so bad. We need new taxes and we
need to cut some pretty important things. I don't want
to say pension, but she mentions the word pension. We
(00:36):
look to Germany this morning, the first state election win,
well potentially the first state election win for a far
right party since the Nazis. We'll ask why who ballots
in East Germany. Also, we get our first red meat
rural report in just a few moments, seven after five.
Speaker 1 (00:55):
The agenda.
Speaker 2 (00:56):
It's Monday to second of September. The bodies of six
Is hostages have been recovered from a tunnel in Rougher.
Hostages killed right before the IDF reached them.
Speaker 3 (01:08):
They were brutally murdered by Hamas Terras a short while
before we reached them.
Speaker 2 (01:13):
They were abducted alive on the morning of October seventh. Yeah,
it's pretty hard to hear. It's prompted protests right across Israel,
including from the country's largest union. Now what they want
is a strike to pressure the government to make a
deal and return the remaining hostages. They don't want any
more of them to die. To the Paralympics. Now, our
(01:35):
third medal overnight care we cyclist Nicole Murray won bronze
and the women's C five three thousand meter Danielle Hison
one silver in the women's two hundred m T three six,
which is running. The men's four hundred meters and long
jump finals are on tonight. Also this morning. Forget about
rubber hitting the road, The rubber could soon be the road.
(01:57):
The country's first national tire recycling scheme is under set
to turn the waste into industrial fuel, concrete mix and roading.
Currently we recycle just forty percent of these six and
a half million tires that were important to the country,
just forty percent of recycled. It's being done by the
Sustainability Group three R with government funding.
Speaker 4 (02:18):
They also means the risk of tire fires in the
cost of those two ratepayers as suspectively reduced on.
Speaker 1 (02:27):
Your radio and online on iHeartRadio Early Edition with Ryan
Bridge and Smith City New Zealand's Furniture, Beds and a
Playing Store, News Talks b.
Speaker 2 (02:37):
No One wants a tire fire. Now. Did you see
the story of the weekend. I'm sure you did about
the measly toast at Wellington Hospital. We'd love your views
on this this morning, nine two ninety two. So it's
new mums, you've just given birth. I don't know what
it's like obviously, what that feels like. You can imagine
just you know, the amount of screaming that goes on
(02:58):
that it must be hard anyway. Apparently what you feel
like is a piece of toast, So let them have
a piece of toast. But not so Wellington Hospital. They
pulled back on the service, if that's what you can
call it, and some people say it was cost saving.
I'm not entirely sure at this point whether it was
cost saving Health New zealandce is it was about you know,
(03:21):
dietary requirements and toast not being healthy enough. Honestly, come on,
it's got to be cost cutting. I was raised on toast.
Please raise your hand if you were also raised on toast.
Were all raised on toast. If it's that bad for
us that you can't even get it to a mother
who's just given birth to a child, probably one of
(03:42):
the most strenuous physical experiences they will ever go through
in their life. Apparently you get a cold sandwich now instead,
there you go in ten minutes after five news talks,
hea'd be nine two nine two. What did you you
know when you were after you'd given what did you
feel like? You know, I presumably didn't feel like a
curry or a let's go, let's go get fish and chips,
(04:02):
but what did you feel like? Mothers nine to number
to text and also whether you think this has just
been a bit measly Also this morning, jd Vance he
continuing to sort of tank in the polls over in
the years. By the way we spent it set on
Friday that Harris was having her first interview was Seeing
in which I watched on Friday afternoon. Man, what a
(04:25):
waste of time. It was about eighteen minutes long. No,
the questions weren't really challenging. There wasn't a lot of
follow up. And yes, Tim Walls did sit there like
a spare at a wedding, didn't say much. I mean,
she handled the questions relatively well. But anyway, this morning
(04:45):
it's about JD. Vance because he continues to tank in
the polls. Have a listened to what he said. This
was in a podcast years ago, and they keep dragging
stuff up. This is what he said years ago about
going to women who to elite colleges and the promises
and what they think will happen to their lives. Have
a quick listen. And so you have people at your
(05:07):
law school, you have women who think that, truly the
liberationist path is to spend ninety hours a week working
in a cubicle at Mackenzie instead of starting a family
and having children, which is what they should be doing.
You know, that's the course. Anyway, have a listen where
does this lead women emotionally? What they don't realize, and
I think some of them do eventually realize it, thank god,
(05:29):
is that that is actually a path to misery, go
to work and be miserable women. Anyway, that's why he's
not doing too well. I mean, he does well for
Trump supporters, he doesn't do well more generally interesting. We'll
have later an update on Trump. He's talking about voting
in favor of liberalizing cannabis laws in Florida, and he's
(05:50):
also giving out well It says the government will be
paying for IVF treatment. Harris says this is flip flopping.
Nine two nine two is the number to text twelve
after five News and views.
Speaker 1 (06:02):
You trust to start your day is Billy Edition with
Ryan Bridge and Smith City, New Zealand's furniture beds and
a flying store.
Speaker 2 (06:10):
News Talk said, be quick update on toastgate. Lots of
people texting in fourteen after five, Ryan, I felt like
sleep after giving birth, not eating or Ryan, I loved
having toast. It wasn't straight after birth, but once I
felt like eating, it was the only thing I felt
like eating. This is after willing. The hospital is putting
the kaibosh on free toast for mums have just gone
(06:30):
through labor. Four kids, Ryan, four kids. The best four
pieces of toast I have ever had must be taken
with Milo. Quarter past five, Ryan Bridge rights lots to
get through here. Busy time for our red meat sector
at the moment. Export numbers for July we've just had
those out. They were a bit of a mixed bag.
(06:50):
China down thirty seven percent to one hundred and fifty
three million. The United States was our biggest export market
in July, worth almost two hundred and fifty million. Actually
that now is four months running. Plus we've had a
few weather bombs affecting landing season, which is still underway
in some places, and also newborn livestock. Joining us this
morning is Dan Bolton, silver Fin Farm's chief executive.
Speaker 5 (07:12):
Hey Dan, good morning, Ryan, how are you well.
Speaker 2 (07:15):
Thank you, Thanks for coming on the show. I really
appreciate it. Let's start with the weather because it's that
we've had a few snowstorms and I know there's predicted
to continue for the start of September. How they how
the farmers faring.
Speaker 5 (07:30):
Yeah, it's you know, we're what day two into the
new season off spring, so it's not going too bad. Obviously,
it's pretty volatile out there. There's a bit of a
bit of weather moving through the through the country. But
our farmers always a step into the new season with
a bit of optimism, an opportunity to reset. But you know,
they're also coming out of some pretty tough, tough conditions.
(07:51):
You know, some farmers up the East coast the store
recovering from the impacts of Gabrielle noticeably dealing with things
like lesser animal conditions which impacting productivity in North Knterbury.
You know, we can't forget they've been through some pretty
extreme dry conditions so and facing some northwest winds so
with the weather's playing a little bit of havoc. But
you know, our farm is a pretty resilient bunch as well.
Speaker 2 (08:14):
What are you thinking about the China issue, the slowing
down and you know the thirty seven percent down in
July through our red meat exports, what are your thoughts
on that?
Speaker 5 (08:25):
Yeah, I mean those are big headline numbers and clearly
the China markets sub pretty subdued, but you know, we
can't forget. You know, China's been a pretty outstanding story
for New Zealand sheep and beef farmers and more recently Venison.
It was only in twenty twelve we sold very little
into the China market and ten years later it was
a four point two billion dollar market for US, So
(08:48):
you know, that's a big success story. And I was
just looking at those stats and the last twelve months
that's down to a three billion dollar market, so still
a really important market for US as our number two,
you know, and twenty five percent from beef volumes are
still heading there because it's still the highest paying market.
Speaker 2 (09:06):
You're going to do a campaign though, aren't you. Well,
I'm not sure if it's you, but the industry to
try and push that grass fed message because the Aussies
in the South Americans aren't doing it like we do it, right.
Speaker 5 (09:18):
Yeah, that's that's right. I think we've we've got a
country of origin brands that we're working in partnership with
the Meat Industry Association is working in partnership with Beef
and their New Zealand and that's all about, you know,
celebrating and educating particularly the Chinese consumers around how we
farm their care in New Zealand, so we can differentiate
(09:38):
ourselves from South American beef and Australian beef. You know,
those coordinated approaches that countries such as Australia having in
China make them all different. So, you know, it's really
pleasing that Beef and Lama I've decided to work with
us as the marketers to really sell that really good
story so we can we can differentiate our product out
there and listed valley for New Zealand farmers and such
(10:00):
to an important market.
Speaker 2 (10:01):
Yeah, fair enough too, So we shouldn't worry too much
about the slowdown in China. There are other markets that
are packing up the slack for us in the meantime.
Speaker 5 (10:09):
Yeah, you civil fold farms. We export to sixty countries
around the world, you know, most countries are and having
that diversification is really important because you know we've seen
it for decades. Then the markets move and change and
we need optionality for our farmers. I think I think
another key point, just on China while we're there, Ryan,
(10:29):
is you know what excites me is the growing middle
class here. You know, forecasting it to grow from four
hundred million to eight hundred million people. You know, that
should make us stand up and take notice. So we've
got a short term challenge, but those consumers are going
to demand exactly what we want here. You know, they
care about health, they care about nutrition, and they cay
(10:49):
very deeply about the environments and these are all things
we can win on.
Speaker 2 (10:53):
Dan, Thanks very much for your update this morning. Really
appreciate it. Dan Bolton These Silver Firm Farms Chief Executive
nineteen after five Sport Next.
Speaker 1 (11:01):
Ryan Bridge new for twenty twenty four on early edition
with Smith City New Zealand's furniture beds and a playing store.
Speaker 2 (11:09):
News talks, it'd be just gone twenty one after five
news talks. It'd be Interestingly, I see the real estate
agents yesterday out in force. We had some sunny weather
here in Auckland and they it looks like I think
they're buying new suits and anticipation the OCR has been cut. Well,
it's actually only been two and a half weeks since
Adrian All started hacking and already they're getting new suits.
(11:31):
So we've got some fresh data this morning for you
on just how that market is. Ferm will get to
it in just a few seconds. Twenty two minutes after
five Andrew Ordison's here was sport.
Speaker 6 (11:40):
Good morning greetings. Right now, it's always good to get
a new suit, isn't it? Promising times with the OCA
the interest rates dropping so that you go get yourself
a bargain while pass is alone, get something bespoke.
Speaker 2 (11:50):
Hey talk about tea New Zealand that how's the boat doing?
And when is the real should I say real racing
going to start?
Speaker 6 (11:58):
Well that's next month, right, Team New Zealand have basically
got this rule as part of the America's Cup. You know,
every defender can create their own rules so they can
be part of the Challenger series, and they're doing well
as part of it, even though the boat was dropped
by the crane last week. So they've had another couple
of wins this morning. One was against a Linge which
was a bit of a well, you know, a hollow victor.
(12:20):
I suppose a Lingy didn't actually make the start line
because they had a problem with their main sale. So
they did, but they went on the course and just
had a bit of a flutter. And then new Team
is has beaten American Magic by twenty nine seconds a
bit more merit to that result, so they do have
the speed so far.
Speaker 2 (12:39):
All right, So it sounds like there's a few boat
issues going.
Speaker 5 (12:42):
On, is there?
Speaker 1 (12:43):
Wow?
Speaker 6 (12:43):
There always is, I mean, yeah, it's just yeah, and
I think that the main soil apparently there's something to
do with the bolt attaching it to the actual main
boom and mast, etc. Right, So yeah, just a glitch
there for them, but disappointing on the list. When you
think about the money that's invested, you don't want to
be in a situation where're not getting to the start line,
especially with the louver time. There's another round robin that
(13:06):
starts again tomorrow and then they'll move on to the
semi round robin.
Speaker 2 (13:10):
So when do I start hearing next month?
Speaker 5 (13:12):
Yeah?
Speaker 6 (13:12):
Ok, yeah, that's that's that's that's that's all you need
to know, all right, that's the best business time off
the of the of.
Speaker 2 (13:18):
The coast of Barcelona, Ryan the fine Italian GP.
Speaker 7 (13:21):
Yeah.
Speaker 6 (13:21):
Now there's speaking of exciting action. Charlotte Clare of Ferrari
at the home track and mons of there effectively or
the big Italian of course, fan base for Ferrari has
come home. I mean he won his home Grand Prix
at Monaco. He lives there, as Charlotte Claire has brewt
up there, but he's also been able to do it
(13:42):
at Monza. So a terrific result for Ferrari, but even
moreso for McLaren potentially with Piastre getting second and Norris third,
because that means that they are closing the gap again
in the constructor standing, so just eight points now between
them and for McLaren and red Ball at the top
of those stands, Ferrari also coming into it. So I
(14:02):
think with eight races to go, a terrific Formula one
end of the season, denuemont awaits us really great?
Speaker 2 (14:10):
All right, Yeah, three medals in the new Paralympics for
US so far. That's good. Yep, that's great.
Speaker 6 (14:16):
So just to add to Anna Taylor's silver, just over
like Daniel Hison with the turner meters in the T
thirty six, she's picked up the silver and the Cole
Murray the bronze in the cycling of the three thousand
meter individual pursuit the C five category. So another couple
of great efforts there, to Anthony Zealands tell it at
the Power.
Speaker 2 (14:35):
Games, brilliant Andrew, thank you very much for that. We
haven't even talked about the All Blacks, but yeah, there
would be pleadable to come on that.
Speaker 6 (14:43):
I suppose, you know, the try et cetera, non try
and after Cape they've traveled to Cape Town overnight, the
All Blacks. Nothing in Scott Robinson's in box as.
Speaker 2 (14:51):
Yet on the on the try Andrew, thank you, Andrew.
Allison was sport just gone twenty five minutes after five o'clock.
And some of these messages are quite funny from women
who've given birth in our hospitals. Also, why none of
this really matters? I know, we've been talking about the
toast issue and you know, penny pinching here and the
air when we come back, why actually it's all a
(15:13):
bit futile.
Speaker 1 (15:14):
The Early Edition Film Show podcast on iHeartRadio powered by.
Speaker 2 (15:19):
Newstalks at Me, just gone twenty seven after five. As
we squabble over toast for new mums in hospitals and
funding for street dance performers in Auckland. As we pinch
our pennies, pinch our pennies, as we pinch our pennies.
(15:40):
We are penny pinching a lot lately, aren't we. We're
bickering about all sorts of things. You know, should nurses
be getting the free toast in the smokoe room if
they're doing a night shift. The insignificance of all of
these debates is being laid there. This morning. There's an
article in the Heel which is quite good. It's a
bit of a truth bomb from the Treasury boss. So
(16:00):
this is what she has said. She's leaving the job.
By the way, the data is not really new, but
the way that she is speaking so openly and frankly
is quite new. Her name is Carolie McLeish. You probably
don't know her name. She doesn't do many interviews. She
doesn't want to be in the press. She's Australian, she's apolitical.
She's five year term coming to an end. She's actually
(16:21):
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 pinching or
the pinching pennies, whatever you want to call it, is
just not going to cut it. Here's a quote from her,
(16:44):
significant 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 this sub twenty percent of pre COVID.
This is the problem. And so what do we need?
(17:06):
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've still had recessions,
so it doesn't really matter how much penny pinching though,
we still need the penny pincher.
Speaker 1 (17:27):
The first word on the News of the Day Early
edition with Ryan Bridge and Smith City, New Zealand's Furniture
Beds and a playing store, News Talk Zippy.
Speaker 2 (17:43):
In the grieb Marko, Welcome to your Monday twenty four
minutes away from six. Donald Trump is supporting the legalization
of cannabis in Florida. The headline slightly misleading. It makes
you think if Trump becomes president, we will be legal
every where. Not quite the case. All he's saying is
(18:03):
that in his home state of Florida, it's going to
be on the ballot to legalize cannabis, and he is
going to vote in favor, which puts them at odds,
by the way, with a whole bunch of apartment In fact,
most Republicans. You have to say, he says, if it's
gonna happen anyway, which the Poles say it will, you
may as well get it right. So he's saying, as
an individual voter in the state of Florida on the ballot.
(18:24):
He will support its interesting he's also going ahead this
is on the national level with making IVF treatment free
as well. So is this a liberal Trump we are
looking at as he faces Kamala Harris in the race
for the White House come November. Also, very quickly, I
promised you some numbers on housing. After two and a
(18:46):
half weeks ago, Adrian all started cutting rates. An increase
in the number of searchers on one roof dot CO
dot nzedg by inquiries jumped forty nine percent on the
same period last year brought up sixty four percent now
some thirty four percent, bay OF plenty twenty five percent,
twenty three to six. Ryan Bridge mcgoing thro oe reporters
(19:08):
around the country, Jamie Cunningham's and Duneed and Jamie some
good news potentially for tourism providers there.
Speaker 7 (19:14):
Yes, international flights could be back on the cards, the
odt's reporting. An announcement video appeared on the airport's official
YouTube channel last week but was quickly deleted. Flights between
Dunedin and Australia stopped in twenty twenty. Otago University Tourism
professor Susan Hoji McKenzie says there's a focus on flights
to Queensland, which could be a positive starting point. She
(19:37):
says it would allow Australians and other visitors to explore
Otago while also getting darned and residents over the ditch.
Speaker 2 (19:44):
Yeah, you get straight to the warm summary. Vibes of
Queensland would be lovely, wouldn't it. How's speaking of how's
your weather today, Jamie.
Speaker 7 (19:52):
Well, it's getting up there today with fine with high
cloud this afternoon, but strong norwesterlies and a high of
twenty one.
Speaker 2 (20:00):
Excellent. Thank you have a nice day, Claire. Shewards with
us from christ Church. Clear christ Church mum slamming a
lack of enforcement over child support. Yes, good morning Ryan.
Speaker 8 (20:08):
Figures released to news Talks he'd be under the Official
Information Act reveal that of the ninety one thousand New
Zealand is expected to pay child support, seventy two percent
or more than sixty six thousand, are in default now.
Of them, thirty six people or zero point zero five percent,
have been referred for court action. The IIDs confirmed they
(20:29):
don't actually have a policy for court referrals for child
support areas which a family lawyer has labeled as inexcusable.
I've spoken with a mother who herself is owed thousands
of dollars. She asks not to be named, but has
labeled those numbers shameful. She says, if some receiving parents
are in a position where they're forced back to unsafe
situations because they simply financially cannot cope, the governments they're
(20:51):
not doing anything about it. She says, that's a kin
to state sanctioned abuse.
Speaker 2 (20:56):
Wow, I mean that's a pretty big call. But you
can understand with a feeling of it. Right, how's your
weather clear?
Speaker 8 (21:02):
It's nice here in christ Church two fine variable high
cloud northerly is becoming fresh and a maximum of twenty
one nice one.
Speaker 2 (21:09):
Thank you. Max's and Wellington Homes eight bucks for a coffee?
Would I pay it?
Speaker 9 (21:14):
Yes?
Speaker 2 (21:14):
Probably?
Speaker 3 (21:15):
Yeah, Well you probably already have to be fair at
some point. But yeah, look, a lot of us, I think,
at some point have complained about the rising cost of
buying a coffee. How much you pay for your flat white.
We and Wellington have a reputation, I suppose, of being
something akin to coffee snobs. The director of a flight
coffee in Wellington, which supplies a number of Establishments has
(21:38):
published something of an ophead a blog post arguing that
we should be paying more and we're actually getting quite
a good deal at the moment with the cost of coffee.
He says, operational costs have risen so much we should
be paying about eight bucks for just a takeaway flat white,
particularly here in the Capitol, where venues have been weighing
up rising prices, cutting our even closing altogether. He says
(22:02):
the situation is somewhat reminiscence of the two thousand and
eight GFC, but he does can see that actually raising
the price to eight bucks would turn customers off even more,
hence the predicament.
Speaker 2 (22:13):
Yeah, it's a vicious circle. I mean, look at the
labor costs you increase of the minimum wage. I am
still dumbfounded. When you get a coffee that's, you know,
sort of under five dollars, How on earth do you
make it work. How's your weather today, Max? Yeah?
Speaker 3 (22:26):
Mostly fine. Today's some strong northwesterlyes fifteen central.
Speaker 1 (22:29):
Hew.
Speaker 2 (22:29):
Do you know what happened with that plane caught on five?
Speaker 3 (22:33):
No rationale? Yeah, So, I'm sure the investigations will be
taking place and we'll have the latest when we find.
Speaker 2 (22:38):
Out all right, thanks? Next never read of matter is
an Auckland.
Speaker 9 (22:40):
Hey, neither hello or just doing that number crunching on
the coffee?
Speaker 2 (22:43):
Yeah, what do you pay? Well?
Speaker 9 (22:45):
Well, you see the thing is, I can't drink coffee
after nine in the morning because you know, so I
will have a little weeness spree. So so I have
three little pods in the morning, a quarter to four
at home, three pods, three pods one after the other?
Pretty strong profs.
Speaker 2 (23:00):
Are they doubles or singles or them?
Speaker 1 (23:02):
Yeah?
Speaker 9 (23:03):
There will there it's a triple.
Speaker 2 (23:06):
But is that sex or is that three? Chief you're
thinking and you want.
Speaker 9 (23:11):
To support, you know, the locals and the places. The
eight dollars though, imagine if it was eight dollars and
you're thinking, well, that's forty bucks a week. It's a
little bit, isn't it.
Speaker 2 (23:21):
It's getting up there, It certainly is. Hey, how's you there?
Weather looking today in Auckland.
Speaker 9 (23:25):
Never, well, there's fog this morning, so yeah, you've better
just check the airports, see what's going on. Cloudy periods
though this afternoon just the odd shower twenty is the high?
Isn't it getting warmer?
Speaker 2 (23:36):
It certainly?
Speaker 9 (23:37):
Is it?
Speaker 2 (23:37):
Certainly is very foggy out there this morning. Take care
on the roads too, Neva. Thank you eighteen away from Sex,
because I know you just can't get enough of me.
I want to tell you about an exciting new project
that is being launched. I'm hosting a weekly podcast called
Bridge Talks Business with Melford. Each episode, I'll be getting
together with a member of Melford's team of leading analysts,
fund managers, and financial experts for a look at the
(24:00):
week's biggest business stories. It's a time for financial turbulence
at the moment, as you will all know, with the
global economy and transition. Inflation looks to be declining in
most developed countries, but volatility remains. So why is it happening,
what can be done about it? And where are things heading.
We'll look at the data, will work out what we
(24:20):
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This will be your go to for expert insights on
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Join me for Bridge Talks Business with Melford. Subscribe on
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(24:40):
are informational only and should not be considered financial advice.
Speaker 1 (24:44):
International correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand Business.
Speaker 2 (24:51):
Fourteen to six. Now Gavin Gray's a UK and Europe correspondent, Gavin,
what's happening with the elections in Germany.
Speaker 10 (24:57):
Well, it's certainly going to be pretty exciting. According to
projections now, it looks like the far right Alternative for
Deutschland is set to win nearly a third of the vote,
coming up to thirty one percent of the vote in
a projection for the Public broadcast for Ard. That is
six points ahead of the Conservative CDU party And if
(25:20):
you look at the three governing parties in the coalition,
they are well behind those two parties and if confirmed,
it would give the far right its first vote win
in a state parliament since World War II and the Nazis. However,
it's unlikely to be able to form a government in
the state of Thuringia because other parties are refusing to
(25:40):
have anything to do with the Alternative for Deutschland. Five
million Germans are ELIGI vote in the two state elections.
The Alternative for Deutschland is also close behind the Conservative
CDU in the election for the state parliament in Saxony.
There we're getting a slightly improved rating for the CDU
(26:00):
and the alternative for Deutschman again polling at thirty point
four percent, and the other three governing parties well down
on that as well. Why well, we've had the knifing
has reported a couple of weeks back, or a week
or so back now, and that was by a Syrian
asylum seeker. And I think basically immigration has played a
(26:20):
huge part in these two elections. And there's another election
coming up in a couple of weeks in the state
of Brandenburg.
Speaker 2 (26:27):
All Right, given the keywi skipper of the Basian, the
yacht that sank in near Sicily, The crew members are talking.
What are they saying?
Speaker 10 (26:36):
Yeah, they are They've been talking to local reporters. The
most recent interview has been given by Matthew Griffiths, and
he was a crew member of that yacht. You're a
member that seven people died, including sorry, seven people died,
including the British tech tycoon Mike Lynch, in that luxury
yacht sinking off the Sicilian port of Porticello back on
(26:59):
August the ninetheh Now what Matthew Griffiths, who was on
watch duty on the night of the disaster, says to
investigators is the crew members did everything they could to
save those on board. He said, and I quote, I
woke up the captain when the wind was twenty knots
that's roughly thirty seven kmph Ryan, and he gave the
orders to wake everyone else up. The ship then tilted
(27:21):
and we were thrown in the water. We managed to
get back up on and then tried to rescue those
we could. He said. We were walking on the walls
of the boat and basically we did try and save everyone,
and there were fifteen survivors. Now, the boat's captain, the Keiwe,
James Cupfield, and the ship engineer Tim Parker Eaton and
Matthew Griffiths, who's given this interview are all placed under
(27:43):
investigation by the Italian authorities for potential manslaughter and ship rate.
But and I must dress being investigated does not imply
guilt and does not meet formal charges will follow.
Speaker 2 (27:54):
Yeah, absolutely given. Thank you for that. Givin Gray you
can you're correspondent. Just gone eleven minutes away from.
Speaker 1 (27:59):
Six o'clock, Bryan Bridge.
Speaker 2 (28:01):
Doctor Caroly McLeish. She probably don't know her name, but
she is the Treasury boss. She's the outgoing Treasury boss
going back home to Australia after a five year term here,
and she says we have a structural deficit in New
Zealand and things are so bad. She reckons we need
a capital gains tax, comprehensive capital gains tax to try
and fix it into the future, and we need to
(28:22):
change our pension age. Jeff nightingales with us this morning,
Independent tax advisor Jeff good morning.
Speaker 4 (28:29):
Good morning Ryan.
Speaker 2 (28:29):
Does she have a point here?
Speaker 4 (28:32):
Yes, yes she does. Unfortunately, it's very consistent with what
Treasury has been saying for Well, I bet you're part
of five or six years now. They publish every four
years a long term fiscal position and that's consistently showing
The last one they published was twenty twenty one, and
that's consistently showing that we're spending more than we're collecting
(28:52):
and that results in unsustainable levels of debt into the future.
So she's unfortunately, she's right.
Speaker 2 (28:58):
She's also linkedo A to COVID quite specifically as well,
isn't she When she talks about the structural deficits so
we're currently at forty three percent of GDP, well up
from the sub twenties before COVID.
Speaker 4 (29:14):
That's right. So the COVID expenditure has bumped us, bumped
our debt levels up from sort of twenty forty to
sustainable dead But it's the outward looking track that be
worries and particular and healthcare. When we're all aging, our
population is aging, more of us will draw down on
national super it's a universal benefit, and the aging population
(29:38):
is going to need more healthcare. So the projections on
those two crown expenditures are pretty frightening over the next
sort of thirty years.
Speaker 2 (29:45):
Is this not somebody's text and why can't we just
keep cutting? Is this not something we can just cut
our way out of.
Speaker 5 (29:51):
Well, we could.
Speaker 4 (29:52):
Look, when you're dealing with public finances, there's only three believers.
There's more tax there's cutting expenditure, or this debt. The
debt leave is pretty unsustainable. We've been drawing on that.
This current government's doing a little bit of expenditure cutting,
but it's not really addressing that structural deficit. So that
really leaves us in the position of more taxes and
(30:14):
none of us like that.
Speaker 2 (30:15):
Certainly not. Jeff, thank you for that. Independent tax advisor.
Jeff Nightingale nine minutes away from six Rich, good morning.
If you're just joining an early edition, here is your
type five for Monday, the second of September. Number five.
Ukraine is heading Russia, where it hurts overnight drone strikes
(30:36):
on oil refineries in Moscow, of all places. And it
gets worse for Moscow because Ukraine is now producing their
own drones because the West not giving them enough. Four
property market getting a jumpstart. Early signs of one anyway
one roof dot, co, dot and ZED searchers are up
forty nine percent since Adrian Or started hacking the ocr
(30:57):
less than three weeks ago. Ellen plane catches fire in Wellington,
huge barge runs aground in Westport, the yachts sinking in Sicily.
No idea really yet what happened to cause any of
these things. But what we do know human's basically made
to stay on land. Anything else dangerous to rugby. Media
calls it a controversial loss. The spring box quote got lucky. Honestly,
(31:21):
it's a game. There's a ref They're a human. There
will be mistakes. Get over it. Big report out this
morning in the Herald about health. Planned surgeries are being
cut because people are coming in last minute with what
they call more urgent and complex conditions. Usually this is
code for obesity and an aging population causing more problems.
(31:43):
There should be no surprise we are sicker as a
country because we eat more, too much, and we don't
move enough. Plus everybody's getting older, aren't they, And that's
a very expensive thing to try and grapple with. Seven
Away from six.
Speaker 1 (31:58):
Get ahead of the headlines, right bridge you for twenty
twenty four on early edition with Smith City, New Zealand's
furniture beds and a player store.
Speaker 2 (32:07):
News Talk said be five away from six on news
Talk said, be welcome to your Monday morning. Mike Hosking
is with your next Mike. Good morning to you, Good
morning to you. Ryan. We're just talking about the weather,
aren't we.
Speaker 11 (32:18):
We are, because that's all we've got to talk about,
just idle chit chat.
Speaker 2 (32:22):
In the ad breaks, well, I was going to talk
to you gaps, so they reckon there's an article and
all it did was print me the photo rather than
the actual article. So I don't have any detail for you.
But not good technically, not great technically but the photo
was good because it's men's abs. Apparently men are getting surgery,
plastic surgery to get abs.
Speaker 11 (32:41):
I saw the I saw the piece, didn't read it.
I don't believe it. No, I don't believe it.
Speaker 2 (32:46):
Would you get it?
Speaker 11 (32:47):
Of course, not because I'm thinking about I mean, it's
hard for you as you look at me. I think
it's hard for you to believe I haven't had some
sort of procedure, given how young I look for my age,
but I haven't.
Speaker 2 (32:59):
Do you have abs?
Speaker 11 (33:01):
I do, actually I do. Whether you whether to see them, no, no, no, no,
whether whether you can actually see them or not where not,
whether you can see them, whether anyone can see. Everyone's
got ass exactly, just a matter of how it exploss
But I'd go so far as to simon in pretty
damn good shape for my age. And it's the regime
I do each day. The sit ups, the weights, the squats,
(33:22):
oh yes, the bedrn, the plunging everything. Flexibility. I heard
you say flexibility. Read it and look it up and learn.
Flexibility is the go to the ancient cultures, go to
the bogs and the Chinese. Flexibility is the key to
aging gracefully.
Speaker 2 (33:39):
What's on the show today.
Speaker 11 (33:41):
Difficult to say, Actually no, it's not. Shane Retty funnily enough,
you know this whole business of emergency surgery and racing the.
Speaker 2 (33:49):
Shane for some abs we will. He's in charge. Mike's
next to tomorrow
Speaker 1 (33:57):
For more from news talks that'd be listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio.
The issues, the interviews and the inside. Ryan Bridge you
for twenty twenty four on the early edition with Smith City,
New Zealand's furniture beds and a player store US doorgs.
Speaker 2 (00:15):
It'd be good morning. I hope you've had a great weekend.
Coming up this morning a truth bomb from the Treasury boss,
the outgoing boss, that is, it's about our COVID debt load.
It is so bad. We need new taxes and we
need to cut some pretty important things. I don't want
to say pension, but she mentions the word pension. We
(00:36):
look to Germany this morning, the first state election win,
well potentially the first state election win for a far
right party since the Nazis. We'll ask why who ballots
in East Germany. Also, we get our first red meat
rural report in just a few moments, seven after five.
Speaker 1 (00:55):
The agenda.
Speaker 2 (00:56):
It's Monday to second of September. The bodies of six
Is hostages have been recovered from a tunnel in Rougher.
Hostages killed right before the IDF reached them.
Speaker 3 (01:08):
They were brutally murdered by Hamas Terras a short while
before we reached them.
Speaker 2 (01:13):
They were abducted alive on the morning of October seventh. Yeah,
it's pretty hard to hear. It's prompted protests right across Israel,
including from the country's largest union. Now what they want
is a strike to pressure the government to make a
deal and return the remaining hostages. They don't want any
more of them to die. To the Paralympics. Now, our
(01:35):
third medal overnight care we cyclist Nicole Murray won bronze
and the women's C five three thousand meter Danielle Hison
one silver in the women's two hundred m T three six,
which is running. The men's four hundred meters and long
jump finals are on tonight. Also this morning. Forget about
rubber hitting the road, The rubber could soon be the road.
(01:57):
The country's first national tire recycling scheme is under set
to turn the waste into industrial fuel, concrete mix and roading.
Currently we recycle just forty percent of these six and
a half million tires that were important to the country,
just forty percent of recycled. It's being done by the
Sustainability Group three R with government funding.
Speaker 4 (02:18):
They also means the risk of tire fires in the
cost of those two ratepayers as suspectively reduced on.
Speaker 1 (02:27):
Your radio and online on iHeartRadio Early Edition with Ryan
Bridge and Smith City New Zealand's Furniture, Beds and a
Playing Store, News Talks b.
Speaker 2 (02:37):
No One wants a tire fire. Now. Did you see
the story of the weekend. I'm sure you did about
the measly toast at Wellington Hospital. We'd love your views
on this this morning, nine two ninety two. So it's
new mums, you've just given birth. I don't know what
it's like obviously, what that feels like. You can imagine
just you know, the amount of screaming that goes on
(02:58):
that it must be hard anyway. Apparently what you feel
like is a piece of toast, So let them have
a piece of toast. But not so Wellington Hospital. They
pulled back on the service, if that's what you can
call it, and some people say it was cost saving.
I'm not entirely sure at this point whether it was
cost saving Health New zealandce is it was about you know,
(03:21):
dietary requirements and toast not being healthy enough. Honestly, come on,
it's got to be cost cutting. I was raised on toast.
Please raise your hand if you were also raised on toast.
Were all raised on toast. If it's that bad for
us that you can't even get it to a mother
who's just given birth to a child, probably one of
(03:42):
the most strenuous physical experiences they will ever go through
in their life. Apparently you get a cold sandwich now instead,
there you go in ten minutes after five news talks,
hea'd be nine two nine two. What did you you
know when you were after you'd given what did you
feel like? You know, I presumably didn't feel like a
curry or a let's go, let's go get fish and chips,
(04:02):
but what did you feel like? Mothers nine to number
to text and also whether you think this has just
been a bit measly Also this morning, jd Vance he
continuing to sort of tank in the polls over in
the years. By the way we spent it set on
Friday that Harris was having her first interview was Seeing
in which I watched on Friday afternoon. Man, what a
(04:25):
waste of time. It was about eighteen minutes long. No,
the questions weren't really challenging. There wasn't a lot of
follow up. And yes, Tim Walls did sit there like
a spare at a wedding, didn't say much. I mean,
she handled the questions relatively well. But anyway, this morning
(04:45):
it's about JD. Vance because he continues to tank in
the polls. Have a listened to what he said. This
was in a podcast years ago, and they keep dragging
stuff up. This is what he said years ago about
going to women who to elite colleges and the promises
and what they think will happen to their lives. Have
a quick listen. And so you have people at your
(05:07):
law school, you have women who think that, truly the
liberationist path is to spend ninety hours a week working
in a cubicle at Mackenzie instead of starting a family
and having children, which is what they should be doing.
You know, that's the course. Anyway, have a listen where
does this lead women emotionally? What they don't realize, and
I think some of them do eventually realize it, thank god,
(05:29):
is that that is actually a path to misery, go
to work and be miserable women. Anyway, that's why he's
not doing too well. I mean, he does well for
Trump supporters, he doesn't do well more generally interesting. We'll
have later an update on Trump. He's talking about voting
in favor of liberalizing cannabis laws in Florida, and he's
(05:50):
also giving out well It says the government will be
paying for IVF treatment. Harris says this is flip flopping.
Nine two nine two is the number to text twelve
after five News and views.
Speaker 1 (06:02):
You trust to start your day is Billy Edition with
Ryan Bridge and Smith City, New Zealand's furniture beds and
a flying store.
Speaker 2 (06:10):
News Talk said, be quick update on toastgate. Lots of
people texting in fourteen after five, Ryan, I felt like
sleep after giving birth, not eating or Ryan, I loved
having toast. It wasn't straight after birth, but once I
felt like eating, it was the only thing I felt
like eating. This is after willing. The hospital is putting
the kaibosh on free toast for mums have just gone
(06:30):
through labor. Four kids, Ryan, four kids. The best four
pieces of toast I have ever had must be taken
with Milo. Quarter past five, Ryan Bridge rights lots to
get through here. Busy time for our red meat sector
at the moment. Export numbers for July we've just had
those out. They were a bit of a mixed bag.
(06:50):
China down thirty seven percent to one hundred and fifty
three million. The United States was our biggest export market
in July, worth almost two hundred and fifty million. Actually
that now is four months running. Plus we've had a
few weather bombs affecting landing season, which is still underway
in some places, and also newborn livestock. Joining us this
morning is Dan Bolton, silver Fin Farm's chief executive.
Speaker 5 (07:12):
Hey Dan, good morning, Ryan, how are you well.
Speaker 2 (07:15):
Thank you, Thanks for coming on the show. I really
appreciate it. Let's start with the weather because it's that
we've had a few snowstorms and I know there's predicted
to continue for the start of September. How they how
the farmers faring.
Speaker 5 (07:30):
Yeah, it's you know, we're what day two into the
new season off spring, so it's not going too bad. Obviously,
it's pretty volatile out there. There's a bit of a
bit of weather moving through the through the country. But
our farmers always a step into the new season with
a bit of optimism, an opportunity to reset. But you know,
they're also coming out of some pretty tough, tough conditions.
(07:51):
You know, some farmers up the East coast the store
recovering from the impacts of Gabrielle noticeably dealing with things
like lesser animal conditions which impacting productivity in North Knterbury.
You know, we can't forget they've been through some pretty
extreme dry conditions so and facing some northwest winds so
with the weather's playing a little bit of havoc. But
you know, our farm is a pretty resilient bunch as well.
Speaker 2 (08:14):
What are you thinking about the China issue, the slowing
down and you know the thirty seven percent down in
July through our red meat exports, what are your thoughts
on that?
Speaker 5 (08:25):
Yeah, I mean those are big headline numbers and clearly
the China markets sub pretty subdued, but you know, we
can't forget. You know, China's been a pretty outstanding story
for New Zealand sheep and beef farmers and more recently Venison.
It was only in twenty twelve we sold very little
into the China market and ten years later it was
a four point two billion dollar market for US, So
(08:48):
you know, that's a big success story. And I was
just looking at those stats and the last twelve months
that's down to a three billion dollar market, so still
a really important market for US as our number two,
you know, and twenty five percent from beef volumes are
still heading there because it's still the highest paying market.
Speaker 2 (09:06):
You're going to do a campaign though, aren't you. Well,
I'm not sure if it's you, but the industry to
try and push that grass fed message because the Aussies
in the South Americans aren't doing it like we do it, right.
Speaker 5 (09:18):
Yeah, that's that's right. I think we've we've got a
country of origin brands that we're working in partnership with
the Meat Industry Association is working in partnership with Beef
and their New Zealand and that's all about, you know,
celebrating and educating particularly the Chinese consumers around how we
farm their care in New Zealand, so we can differentiate
(09:38):
ourselves from South American beef and Australian beef. You know,
those coordinated approaches that countries such as Australia having in
China make them all different. So, you know, it's really
pleasing that Beef and Lama I've decided to work with
us as the marketers to really sell that really good
story so we can we can differentiate our product out
there and listed valley for New Zealand farmers and such
(10:00):
to an important market.
Speaker 2 (10:01):
Yeah, fair enough too, So we shouldn't worry too much
about the slowdown in China. There are other markets that
are packing up the slack for us in the meantime.
Speaker 5 (10:09):
Yeah, you civil fold farms. We export to sixty countries
around the world, you know, most countries are and having
that diversification is really important because you know we've seen
it for decades. Then the markets move and change and
we need optionality for our farmers. I think I think
another key point, just on China while we're there, Ryan,
(10:29):
is you know what excites me is the growing middle
class here. You know, forecasting it to grow from four
hundred million to eight hundred million people. You know, that
should make us stand up and take notice. So we've
got a short term challenge, but those consumers are going
to demand exactly what we want here. You know, they
care about health, they care about nutrition, and they cay
(10:49):
very deeply about the environments and these are all things
we can win on.
Speaker 2 (10:53):
Dan, Thanks very much for your update this morning. Really
appreciate it. Dan Bolton These Silver Firm Farms Chief Executive
nineteen after five Sport Next.
Speaker 1 (11:01):
Ryan Bridge new for twenty twenty four on early edition
with Smith City New Zealand's furniture beds and a playing store.
Speaker 2 (11:09):
News talks, it'd be just gone twenty one after five
news talks. It'd be Interestingly, I see the real estate
agents yesterday out in force. We had some sunny weather
here in Auckland and they it looks like I think
they're buying new suits and anticipation the OCR has been cut. Well,
it's actually only been two and a half weeks since
Adrian All started hacking and already they're getting new suits.
(11:31):
So we've got some fresh data this morning for you
on just how that market is. Ferm will get to
it in just a few seconds. Twenty two minutes after
five Andrew Ordison's here was sport.
Speaker 6 (11:40):
Good morning greetings. Right now, it's always good to get
a new suit, isn't it? Promising times with the OCA
the interest rates dropping so that you go get yourself
a bargain while pass is alone, get something bespoke.
Speaker 2 (11:50):
Hey talk about tea New Zealand that how's the boat doing?
And when is the real should I say real racing
going to start?
Speaker 6 (11:58):
Well that's next month, right, Team New Zealand have basically
got this rule as part of the America's Cup. You know,
every defender can create their own rules so they can
be part of the Challenger series, and they're doing well
as part of it, even though the boat was dropped
by the crane last week. So they've had another couple
of wins this morning. One was against a Linge which
was a bit of a well, you know, a hollow victor.
(12:20):
I suppose a Lingy didn't actually make the start line
because they had a problem with their main sale. So
they did, but they went on the course and just
had a bit of a flutter. And then new Team
is has beaten American Magic by twenty nine seconds a
bit more merit to that result, so they do have
the speed so far.
Speaker 2 (12:39):
All right, So it sounds like there's a few boat
issues going.
Speaker 5 (12:42):
On, is there?
Speaker 1 (12:43):
Wow?
Speaker 6 (12:43):
There always is, I mean, yeah, it's just yeah, and
I think that the main soil apparently there's something to
do with the bolt attaching it to the actual main
boom and mast, etc. Right, So yeah, just a glitch
there for them, but disappointing on the list. When you
think about the money that's invested, you don't want to
be in a situation where're not getting to the start line,
especially with the louver time. There's another round robin that
(13:06):
starts again tomorrow and then they'll move on to the
semi round robin.
Speaker 2 (13:10):
So when do I start hearing next month?
Speaker 5 (13:12):
Yeah?
Speaker 6 (13:12):
Ok, yeah, that's that's that's that's that's all you need
to know, all right, that's the best business time off
the of the of.
Speaker 2 (13:18):
The coast of Barcelona, Ryan the fine Italian GP.
Speaker 7 (13:21):
Yeah.
Speaker 6 (13:21):
Now there's speaking of exciting action. Charlotte Clare of Ferrari
at the home track and mons of there effectively or
the big Italian of course, fan base for Ferrari has
come home. I mean he won his home Grand Prix
at Monaco. He lives there, as Charlotte Claire has brewt
up there, but he's also been able to do it
(13:42):
at Monza. So a terrific result for Ferrari, but even
moreso for McLaren potentially with Piastre getting second and Norris third,
because that means that they are closing the gap again
in the constructor standing, so just eight points now between
them and for McLaren and red Ball at the top
of those stands, Ferrari also coming into it. So I
(14:02):
think with eight races to go, a terrific Formula one
end of the season, denuemont awaits us really great?
Speaker 2 (14:10):
All right, Yeah, three medals in the new Paralympics for
US so far. That's good. Yep, that's great.
Speaker 6 (14:16):
So just to add to Anna Taylor's silver, just over
like Daniel Hison with the turner meters in the T
thirty six, she's picked up the silver and the Cole
Murray the bronze in the cycling of the three thousand
meter individual pursuit the C five category. So another couple
of great efforts there, to Anthony Zealands tell it at
the Power.
Speaker 2 (14:35):
Games, brilliant Andrew, thank you very much for that. We
haven't even talked about the All Blacks, but yeah, there
would be pleadable to come on that.
Speaker 6 (14:43):
I suppose, you know, the try et cetera, non try
and after Cape they've traveled to Cape Town overnight, the
All Blacks. Nothing in Scott Robinson's in box as.
Speaker 2 (14:51):
Yet on the on the try Andrew, thank you, Andrew.
Allison was sport just gone twenty five minutes after five o'clock.
And some of these messages are quite funny from women
who've given birth in our hospitals. Also, why none of
this really matters? I know, we've been talking about the
toast issue and you know, penny pinching here and the
air when we come back, why actually it's all a
(15:13):
bit futile.
Speaker 1 (15:14):
The Early Edition Film Show podcast on iHeartRadio powered by.
Speaker 2 (15:19):
Newstalks at Me, just gone twenty seven after five. As
we squabble over toast for new mums in hospitals and
funding for street dance performers in Auckland. As we pinch
our pennies, pinch our pennies, as we pinch our pennies.
(15:40):
We are penny pinching a lot lately, aren't we. We're
bickering about all sorts of things. You know, should nurses
be getting the free toast in the smokoe room if
they're doing a night shift. The insignificance of all of
these debates is being laid there. This morning. There's an
article in the Heel which is quite good. It's a
bit of a truth bomb from the Treasury boss. So
(16:00):
this is what she has said. She's leaving the job.
By the way, the data is not really new, but
the way that she is speaking so openly and frankly
is quite new. Her name is Carolie McLeish. You probably
don't know her name. She doesn't do many interviews. She
doesn't want to be in the press. She's Australian, she's apolitical.
She's five year term coming to an end. She's actually
(16:21):
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 pinching or
the pinching pennies, whatever you want to call it, is
just not going to cut it. Here's a quote from her,
(16:44):
significant 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 this sub twenty percent of pre COVID.
This is the problem. And so what do we need?
(17:06):
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've still had recessions,
so it doesn't really matter how much penny pinching though,
we still need the penny pincher.
Speaker 1 (17:27):
The first word on the News of the Day Early
edition with Ryan Bridge and Smith City, New Zealand's Furniture
Beds and a playing store, News Talk Zippy.
Speaker 2 (17:43):
In the grieb Marko, Welcome to your Monday twenty four
minutes away from six. Donald Trump is supporting the legalization
of cannabis in Florida. The headline slightly misleading. It makes
you think if Trump becomes president, we will be legal
every where. Not quite the case. All he's saying is
(18:03):
that in his home state of Florida, it's going to
be on the ballot to legalize cannabis, and he is
going to vote in favor, which puts them at odds,
by the way, with a whole bunch of apartment In fact,
most Republicans. You have to say, he says, if it's
gonna happen anyway, which the Poles say it will, you
may as well get it right. So he's saying, as
an individual voter in the state of Florida on the ballot.
(18:24):
He will support its interesting he's also going ahead this
is on the national level with making IVF treatment free
as well. So is this a liberal Trump we are
looking at as he faces Kamala Harris in the race
for the White House come November. Also, very quickly, I
promised you some numbers on housing. After two and a
(18:46):
half weeks ago, Adrian all started cutting rates. An increase
in the number of searchers on one roof dot CO
dot nzedg by inquiries jumped forty nine percent on the
same period last year brought up sixty four percent now
some thirty four percent, bay OF plenty twenty five percent,
twenty three to six. Ryan Bridge mcgoing thro oe reporters
(19:08):
around the country, Jamie Cunningham's and Duneed and Jamie some
good news potentially for tourism providers there.
Speaker 7 (19:14):
Yes, international flights could be back on the cards, the
odt's reporting. An announcement video appeared on the airport's official
YouTube channel last week but was quickly deleted. Flights between
Dunedin and Australia stopped in twenty twenty. Otago University Tourism
professor Susan Hoji McKenzie says there's a focus on flights
to Queensland, which could be a positive starting point. She
(19:37):
says it would allow Australians and other visitors to explore
Otago while also getting darned and residents over the ditch.
Speaker 2 (19:44):
Yeah, you get straight to the warm summary. Vibes of
Queensland would be lovely, wouldn't it. How's speaking of how's
your weather today, Jamie.
Speaker 7 (19:52):
Well, it's getting up there today with fine with high
cloud this afternoon, but strong norwesterlies and a high of
twenty one.
Speaker 2 (20:00):
Excellent. Thank you have a nice day, Claire. Shewards with
us from christ Church. Clear christ Church mum slamming a
lack of enforcement over child support. Yes, good morning Ryan.
Speaker 8 (20:08):
Figures released to news Talks he'd be under the Official
Information Act reveal that of the ninety one thousand New
Zealand is expected to pay child support, seventy two percent
or more than sixty six thousand, are in default now.
Of them, thirty six people or zero point zero five percent,
have been referred for court action. The IIDs confirmed they
(20:29):
don't actually have a policy for court referrals for child
support areas which a family lawyer has labeled as inexcusable.
I've spoken with a mother who herself is owed thousands
of dollars. She asks not to be named, but has
labeled those numbers shameful. She says, if some receiving parents
are in a position where they're forced back to unsafe
situations because they simply financially cannot cope, the governments they're
(20:51):
not doing anything about it. She says, that's a kin
to state sanctioned abuse.
Speaker 2 (20:56):
Wow, I mean that's a pretty big call. But you
can understand with a feeling of it. Right, how's your
weather clear?
Speaker 8 (21:02):
It's nice here in christ Church two fine variable high
cloud northerly is becoming fresh and a maximum of twenty
one nice one.
Speaker 2 (21:09):
Thank you. Max's and Wellington Homes eight bucks for a coffee?
Would I pay it?
Speaker 9 (21:14):
Yes?
Speaker 2 (21:14):
Probably?
Speaker 3 (21:15):
Yeah, Well you probably already have to be fair at
some point. But yeah, look, a lot of us, I think,
at some point have complained about the rising cost of
buying a coffee. How much you pay for your flat white.
We and Wellington have a reputation, I suppose, of being
something akin to coffee snobs. The director of a flight
coffee in Wellington, which supplies a number of Establishments has
(21:38):
published something of an ophead a blog post arguing that
we should be paying more and we're actually getting quite
a good deal at the moment with the cost of coffee.
He says, operational costs have risen so much we should
be paying about eight bucks for just a takeaway flat white,
particularly here in the Capitol, where venues have been weighing
up rising prices, cutting our even closing altogether. He says
(22:02):
the situation is somewhat reminiscence of the two thousand and
eight GFC, but he does can see that actually raising
the price to eight bucks would turn customers off even more,
hence the predicament.
Speaker 2 (22:13):
Yeah, it's a vicious circle. I mean, look at the
labor costs you increase of the minimum wage. I am
still dumbfounded. When you get a coffee that's, you know,
sort of under five dollars, How on earth do you
make it work. How's your weather today, Max? Yeah?
Speaker 3 (22:26):
Mostly fine. Today's some strong northwesterlyes fifteen central.
Speaker 1 (22:29):
Hew.
Speaker 2 (22:29):
Do you know what happened with that plane caught on five?
Speaker 3 (22:33):
No rationale? Yeah, So, I'm sure the investigations will be
taking place and we'll have the latest when we find.
Speaker 2 (22:38):
Out all right, thanks? Next never read of matter is
an Auckland.
Speaker 9 (22:40):
Hey, neither hello or just doing that number crunching on
the coffee?
Speaker 2 (22:43):
Yeah, what do you pay? Well?
Speaker 9 (22:45):
Well, you see the thing is, I can't drink coffee
after nine in the morning because you know, so I
will have a little weeness spree. So so I have
three little pods in the morning, a quarter to four
at home, three pods, three pods one after the other?
Pretty strong profs.
Speaker 2 (23:00):
Are they doubles or singles or them?
Speaker 1 (23:02):
Yeah?
Speaker 9 (23:03):
There will there it's a triple.
Speaker 2 (23:06):
But is that sex or is that three? Chief you're
thinking and you want.
Speaker 9 (23:11):
To support, you know, the locals and the places. The
eight dollars though, imagine if it was eight dollars and
you're thinking, well, that's forty bucks a week. It's a
little bit, isn't it.
Speaker 2 (23:21):
It's getting up there, It certainly is. Hey, how's you there?
Weather looking today in Auckland.
Speaker 9 (23:25):
Never, well, there's fog this morning, so yeah, you've better
just check the airports, see what's going on. Cloudy periods
though this afternoon just the odd shower twenty is the high?
Isn't it getting warmer?
Speaker 2 (23:36):
It certainly?
Speaker 9 (23:37):
Is it?
Speaker 2 (23:37):
Certainly is very foggy out there this morning. Take care
on the roads too, Neva. Thank you eighteen away from Sex,
because I know you just can't get enough of me.
I want to tell you about an exciting new project
that is being launched. I'm hosting a weekly podcast called
Bridge Talks Business with Melford. Each episode, I'll be getting
together with a member of Melford's team of leading analysts,
fund managers, and financial experts for a look at the
(24:00):
week's biggest business stories. It's a time for financial turbulence
at the moment, as you will all know, with the
global economy and transition. Inflation looks to be declining in
most developed countries, but volatility remains. So why is it happening,
what can be done about it? And where are things heading.
We'll look at the data, will work out what we
(24:20):
can learn from market history, and we'll ask the hard questions.
This will be your go to for expert insights on
the market's business and the economy, both here and overseas.
Join me for Bridge Talks Business with Melford. Subscribe on
iHeart or wherever you get your podcasts so you don't
miss an episode. Just search Bridge Talks Business. All discussions
(24:40):
are informational only and should not be considered financial advice.
Speaker 1 (24:44):
International correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand Business.
Speaker 2 (24:51):
Fourteen to six. Now Gavin Gray's a UK and Europe correspondent, Gavin,
what's happening with the elections in Germany.
Speaker 10 (24:57):
Well, it's certainly going to be pretty exciting. According to
projections now, it looks like the far right Alternative for
Deutschland is set to win nearly a third of the vote,
coming up to thirty one percent of the vote in
a projection for the Public broadcast for Ard. That is
six points ahead of the Conservative CDU party And if
(25:20):
you look at the three governing parties in the coalition,
they are well behind those two parties and if confirmed,
it would give the far right its first vote win
in a state parliament since World War II and the Nazis. However,
it's unlikely to be able to form a government in
the state of Thuringia because other parties are refusing to
(25:40):
have anything to do with the Alternative for Deutschland. Five
million Germans are ELIGI vote in the two state elections.
The Alternative for Deutschland is also close behind the Conservative
CDU in the election for the state parliament in Saxony.
There we're getting a slightly improved rating for the CDU
(26:00):
and the alternative for Deutschman again polling at thirty point
four percent, and the other three governing parties well down
on that as well. Why well, we've had the knifing
has reported a couple of weeks back, or a week
or so back now, and that was by a Syrian
asylum seeker. And I think basically immigration has played a
(26:20):
huge part in these two elections. And there's another election
coming up in a couple of weeks in the state
of Brandenburg.
Speaker 2 (26:27):
All Right, given the keywi skipper of the Basian, the
yacht that sank in near Sicily, The crew members are talking.
What are they saying?
Speaker 10 (26:36):
Yeah, they are They've been talking to local reporters. The
most recent interview has been given by Matthew Griffiths, and
he was a crew member of that yacht. You're a
member that seven people died, including sorry, seven people died,
including the British tech tycoon Mike Lynch, in that luxury
yacht sinking off the Sicilian port of Porticello back on
(26:59):
August the ninetheh Now what Matthew Griffiths, who was on
watch duty on the night of the disaster, says to
investigators is the crew members did everything they could to
save those on board. He said, and I quote, I
woke up the captain when the wind was twenty knots
that's roughly thirty seven kmph Ryan, and he gave the
orders to wake everyone else up. The ship then tilted
(27:21):
and we were thrown in the water. We managed to
get back up on and then tried to rescue those
we could. He said. We were walking on the walls
of the boat and basically we did try and save everyone,
and there were fifteen survivors. Now, the boat's captain, the Keiwe,
James Cupfield, and the ship engineer Tim Parker Eaton and
Matthew Griffiths, who's given this interview are all placed under
(27:43):
investigation by the Italian authorities for potential manslaughter and ship rate.
But and I must dress being investigated does not imply
guilt and does not meet formal charges will follow.
Speaker 2 (27:54):
Yeah, absolutely given. Thank you for that. Givin Gray you
can you're correspondent. Just gone eleven minutes away from.
Speaker 1 (27:59):
Six o'clock, Bryan Bridge.
Speaker 2 (28:01):
Doctor Caroly McLeish. She probably don't know her name, but
she is the Treasury boss. She's the outgoing Treasury boss
going back home to Australia after a five year term here,
and she says we have a structural deficit in New
Zealand and things are so bad. She reckons we need
a capital gains tax, comprehensive capital gains tax to try
and fix it into the future, and we need to
(28:22):
change our pension age. Jeff nightingales with us this morning,
Independent tax advisor Jeff good morning.
Speaker 4 (28:29):
Good morning Ryan.
Speaker 2 (28:29):
Does she have a point here?
Speaker 4 (28:32):
Yes, yes she does. Unfortunately, it's very consistent with what
Treasury has been saying for Well, I bet you're part
of five or six years now. They publish every four
years a long term fiscal position and that's consistently showing
The last one they published was twenty twenty one, and
that's consistently showing that we're spending more than we're collecting
(28:52):
and that results in unsustainable levels of debt into the future.
So she's unfortunately, she's right.
Speaker 2 (28:58):
She's also linkedo A to COVID quite specifically as well,
isn't she When she talks about the structural deficits so
we're currently at forty three percent of GDP, well up
from the sub twenties before COVID.
Speaker 4 (29:14):
That's right. So the COVID expenditure has bumped us, bumped
our debt levels up from sort of twenty forty to
sustainable dead But it's the outward looking track that be
worries and particular and healthcare. When we're all aging, our
population is aging, more of us will draw down on
national super it's a universal benefit, and the aging population
(29:38):
is going to need more healthcare. So the projections on
those two crown expenditures are pretty frightening over the next
sort of thirty years.
Speaker 2 (29:45):
Is this not somebody's text and why can't we just
keep cutting? Is this not something we can just cut
our way out of.
Speaker 5 (29:51):
Well, we could.
Speaker 4 (29:52):
Look, when you're dealing with public finances, there's only three believers.
There's more tax there's cutting expenditure, or this debt. The
debt leave is pretty unsustainable. We've been drawing on that.
This current government's doing a little bit of expenditure cutting,
but it's not really addressing that structural deficit. So that
really leaves us in the position of more taxes and
(30:14):
none of us like that.
Speaker 2 (30:15):
Certainly not. Jeff, thank you for that. Independent tax advisor.
Jeff Nightingale nine minutes away from six Rich, good morning.
If you're just joining an early edition, here is your
type five for Monday, the second of September. Number five.
Ukraine is heading Russia, where it hurts overnight drone strikes
(30:36):
on oil refineries in Moscow, of all places. And it
gets worse for Moscow because Ukraine is now producing their
own drones because the West not giving them enough. Four
property market getting a jumpstart. Early signs of one anyway
one roof dot, co, dot and ZED searchers are up
forty nine percent since Adrian Or started hacking the ocr
(30:57):
less than three weeks ago. Ellen plane catches fire in Wellington,
huge barge runs aground in Westport, the yachts sinking in Sicily.
No idea really yet what happened to cause any of
these things. But what we do know human's basically made
to stay on land. Anything else dangerous to rugby. Media
calls it a controversial loss. The spring box quote got lucky. Honestly,
(31:21):
it's a game. There's a ref They're a human. There
will be mistakes. Get over it. Big report out this
morning in the Herald about health. Planned surgeries are being
cut because people are coming in last minute with what
they call more urgent and complex conditions. Usually this is
code for obesity and an aging population causing more problems.
(31:43):
There should be no surprise we are sicker as a
country because we eat more, too much, and we don't
move enough. Plus everybody's getting older, aren't they, And that's
a very expensive thing to try and grapple with. Seven
Away from six.
Speaker 1 (31:58):
Get ahead of the headlines, right bridge you for twenty
twenty four on early edition with Smith City, New Zealand's
furniture beds and a player store.
Speaker 2 (32:07):
News Talk said be five away from six on news
Talk said, be welcome to your Monday morning. Mike Hosking
is with your next Mike. Good morning to you, Good
morning to you. Ryan. We're just talking about the weather,
aren't we.
Speaker 11 (32:18):
We are, because that's all we've got to talk about,
just idle chit chat.
Speaker 2 (32:22):
In the ad breaks, well, I was going to talk
to you gaps, so they reckon there's an article and
all it did was print me the photo rather than
the actual article. So I don't have any detail for you.
But not good technically, not great technically but the photo
was good because it's men's abs. Apparently men are getting surgery,
plastic surgery to get abs.
Speaker 11 (32:41):
I saw the I saw the piece, didn't read it.
I don't believe it. No, I don't believe it.
Speaker 2 (32:46):
Would you get it?
Speaker 11 (32:47):
Of course, not because I'm thinking about I mean, it's
hard for you as you look at me. I think
it's hard for you to believe I haven't had some
sort of procedure, given how young I look for my age,
but I haven't.
Speaker 2 (32:59):
Do you have abs?
Speaker 11 (33:01):
I do, actually I do. Whether you whether to see them, no, no, no, no,
whether whether you can actually see them or not where not,
whether you can see them, whether anyone can see. Everyone's
got ass exactly, just a matter of how it exploss
But I'd go so far as to simon in pretty
damn good shape for my age. And it's the regime
I do each day. The sit ups, the weights, the squats,
(33:22):
oh yes, the bedrn, the plunging everything. Flexibility. I heard
you say flexibility. Read it and look it up and learn.
Flexibility is the go to the ancient cultures, go to
the bogs and the Chinese. Flexibility is the key to
aging gracefully.
Speaker 2 (33:39):
What's on the show today.
Speaker 11 (33:41):
Difficult to say, Actually no, it's not. Shane Retty funnily enough,
you know this whole business of emergency surgery and racing the.
Speaker 2 (33:49):
Shane for some abs we will. He's in charge. Mike's
next to tomorrow
Speaker 1 (33:57):
For more from news talks that'd be listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio.
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