November 26, 2024 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast for Wednesday 27th of November, 25, 50 or 75 points? All are on the table as the Reserve Bank decides the Official Cash Rate for the final time until February. How will Trump's second term and US President influence their decision? BNZ Chief Economist Mike Jones joins the show.
The Government has found $42 million for more senior doctors and specialist nurses, but what does it mean for ongoing cuts in the health sector? David Wills from the Nurses Society speaks to Ryan.
Former MP Nikki Kaye has died at the age of 44. Michael Barnett talks to Ryan about her life of politics.
Get the Early Edition with Ryan Bridge Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.
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Episode Transcript
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Speaker 1 (00:01):
The issues, the interviews and the inside. Ryan Bridge new
for twenty twenty four on the early edition with Smith City,
New Zealand's furniture beds and a play at store.
Speaker 2 (00:14):
The news dogs'd me.
Speaker 3 (00:16):
Good morning to six half of five. Great to have
your company. The OCR announcement today. Why does the Reserve
Bank sank take such a long holiday over summer? And
we'll look at that. Just before six this morning.
Speaker 4 (00:27):
Nurses are upset. We're getting more nurses. What is up
with that?
Speaker 3 (00:32):
Michael Barnett on the sad passing of Nicky Kay, our
UK correspondent this morning. Labor apparently pinching jobs policies from
the Tories.
Speaker 1 (00:43):
The agenda.
Speaker 3 (00:44):
It is Wenesday, the twenty seventh of November. Israel's whacked
Bay route overnight seven dead hitting his villa defense facilities.
We're told it seems to be preempting a ceasefire deal,
basically getting hits in while they can. Israel's cabinet meeting
now to discuss the deal.
Speaker 5 (01:00):
There will be no problems for Natanio to get the
majority that he needs from the cabinet. There are some ministers,
especially the lunatic ones, who will be against any cease
fire anywhere in the world.
Speaker 6 (01:14):
But they're not threatening.
Speaker 3 (01:17):
So the meeting started about an hour ago, set to
last a couple of hours.
Speaker 4 (01:20):
It's a sixty day deal they're looking for. There.
Speaker 3 (01:23):
The alcohol methanol backpacker scandal, well, apparently police have detained
eight staff from that backpackers in Laos. Six people died,
five of them were staying at the hostel. Five survived.
This is a survivor as people who've been found alive
more than twenty four hours after a tourist yacht sank
in the Red Sea off the coast of Egypt.
Speaker 6 (01:45):
Mainly these boats are built from wood. They look very nice.
They've highly finished. When they find themselves out in the
Red Sea, proper away from the coast, punching north, I
think bad things can happen and then they can literally
fall apart. Of course, in some cases.
Speaker 3 (02:00):
Bodies of four people have been found, seven remained missing.
To the United States, Donald Trump says he'll put a
twenty five percent tariff on all imports coming from Mexico
twenty five percent for Canada. This on his first day
in office. He's also going to whack China with ten
percent until illegal drugs stopped being sent into the United States.
(02:20):
China's embassy's response, No one wins.
Speaker 4 (02:23):
In a trade or tariff war.
Speaker 1 (02:26):
On your radio and online on iHeartRadio Early edition with
Ryan Bridge and Smith City, New Zealand's Furniture Beds and
a playing store News Talk z B.
Speaker 3 (02:37):
Yeah, a couple of interesting things this morning. Russia, and
we'll talk about this with our UK correspondent. As I mentioned,
but rule number one of spying is don't get caught.
And apparently Russia's expelled a British diplomat accusing him of espionage.
How they figured that out, I'm not quite sure, but
we'll find out from our correspondent. The FSB put his
photo across state television over in Russia. He was a
(03:00):
cues of providing false information on his documents and carrying
out espionage and sabotage activities. And then I thought, how
can you get to Russia? How hard is it to
get to Russia if you did want to get to Russia.
Obviously you're advised not to travel to Russia, but you
can get to Russia on a China Eastern flight. You
can go Auckland via Sydney via Shanghai, bi Beijing and
then eventually to Moscow thirteen hundred bucks return. The big
(03:23):
question I suppose is do you return? You know, so
they do lock people up, don't they use them as
bargaining chips in their next round of so called diplomacy.
A really interesting article in The Guardian, which i'll get
to you later on. Robin Malcolm has been interviewed the
New Zealand actress about her apparently very good.
Speaker 4 (03:41):
Haven't seen it?
Speaker 3 (03:42):
A new show called After the Party, and they talk
about how if you are watching a movie these days
and you're watching somebody who's playing let's say a character
that's sixty five, seventy eighty years old, they're normally fifty.
We don't like looking at old people anymore because we
find them hideous. So we'll talk about that a little
(04:04):
later on as well. And this Goldie, what an incredible
price I heard ever mentioned it in the news. The
most valuable now Maldi portrait in New Zealand history, getting
three point seven five million dollars at auction last night.
Thoughts of tor Hunger are portraits of Fuddy Cody Tahuna.
This was the highest price it was by Goldie in
(04:28):
nineteen thirty eight sold for more than three point seven
million dollars. At twenty sixteen, they sold a Goldie for
one point one seven five and they have since sold
fifteen Goldies for more than a Indian. But this just
blows it out of the water. So I don't know
who bought it, someone rich. I presume it is ten past.
Speaker 1 (04:45):
Five, Ryan Bridge.
Speaker 3 (04:49):
Also this morning we're going to look at the debt
to income limits because his interest rates come down. If
you know someone who wants to get into their first home.
Some interesting numbers and some interesting information from core Logic
Calvin Davidson, which I'll get to after this.
Speaker 4 (05:04):
You're on Newstalk ZB.
Speaker 7 (05:06):
As the last longer Abu fagot you liveledg.
Speaker 1 (05:15):
Ryan Bridge you for twenty twenty four on early edition
with Smith City, New Zealand's furniture Beds and a playing store.
Speaker 2 (05:22):
News Talk dB.
Speaker 3 (05:23):
It's thirteen after five. Great to have your company this morning.
Flicking your text. Nine to nine two is the number.
So the debt to income limits this is and it
hasn't mattered much until now. These debt to income limits,
even though they came in in July, because interest rates
are so high, who can afford to buy a house anyway.
But the idea is that you tie house prices closer
(05:44):
to incomes.
Speaker 4 (05:46):
You stop.
Speaker 3 (05:47):
And the idea is that you will stop big future
price booms, et cetera, and protect borrowers from the financial
ruin if and when the rates shoot up again and
you can't afford to service your mortgage, you know, the
tide goes out and people are caught with their no
togs on. So these came in in July, and as
interest rates start to come down, and we're going to
(06:08):
see another drop in the OCI today, we'll talk about
that with the Benz economists just before six. But Calvin Davidson,
the chief economist at Core Logic, he's put a piece
out and he says, basically, yes, they are a significant move,
but they will not make or break most first home
buyers for a couple of reasons. He says there'll be
(06:29):
significant allowances for banks to lend outside of the caps.
He said new builds are exempt, so if you want
to buy a new built home, you don't have to
worry about the DTI limits most buyers, he says, we'll
still find a way and what's more, twenty percent of
DTIs can be done at a greater than sex, which
(06:50):
is the limit that they've put in, so you know
you can still get around it. It's not going to
be It's not the be all lend All in terms
of not being able to afford a house, particularly if
it's your first one. Just go on quarter past five
here on News Talk SEB. We are hoping to talk
this morning to David Willis. He is the National director
of the Nurse's Society. So the government's put in a
(07:10):
bunch of money, ten million dollars for senior specialist nurses
as well as some money for senior doctors, and the
union's aren't happy.
Speaker 4 (07:19):
Why are the unions never happy? Why are they so miserable?
Speaker 3 (07:23):
I mean, if someone said to me, hey, there's ten
million dollars for some news staff and you can't have
it both ways, they say, well, we're not paid enough
to begin with, so there's not infinite money. There are
finite resources. So you either are so sick and tired
of doing double shifts and triple shifts or whatever that
you are happy to take extra staff to get extra
(07:46):
nurses on board, or you.
Speaker 4 (07:48):
Want more pay. Which is it? Because you can't have everything,
can you? Anyway? We'll talk about that with them, hopefully
later on in the program.
Speaker 3 (07:55):
Anyone else said about Nikki Kay I had a little
cry yesterday. What an amazing, wonderful person. I've actually got
a bit of audio to play for you. This is
from twenty nineteen when Nicky Kay was asking questions of
the then Education Minister Chris Hipkins, and it just shows,
(08:16):
I mean, they had this back and forth, it was
quite combative. And then this was Nicky Kay's last question.
Speaker 8 (08:21):
Let's to speak a supplementary question. Does he stand by
his excellent decisions to back my second Language bill and
Nichola Willis's campaign to stick with VIC And can I
take this the opportunity to wish the member a very
merry Christmas and relaxing break with his baby girl.
Speaker 4 (08:39):
Oh you, thank you to the member. She was lovely.
Speaker 3 (08:42):
She was actually my neighbor for a week while an
absolutely delightful person and as everybody said yesterday, very very
hard working, very determined and we'd go to great lengths
to help other people. And my goodness, only forty four
years old. We're going to talk to Michael Bunnett about
the legacy of Niki Ka next the.
Speaker 1 (09:04):
News You need this morning and the in depth analysis
early edition with Ryan Bridge and Smith City, New Zealand's
furniture beds and a playing store.
Speaker 3 (09:13):
News Talks the'd be nineteen after five on News talks'd
be we'll talk soon about the Sydney University that is
going to allow the use of AI. They're basically changing
reversing their AI cheating policy.
Speaker 4 (09:25):
We'll talk about that shortly.
Speaker 3 (09:27):
Also overnight, Russia is apparently preparing to retaliate this after
the US attackers were twice used in the last three days. Also,
the Brits have allowed the use of their longer range
missiles as well. So apparently Russia the crewmin preparing to
retaliate in some way that we're not quite sure how
(09:48):
or in what fashion yet. Also overnight, Europe's starting to
step up. Germany is going to deliver two more irist
air defense systems to Ukraine before the end of the year.
Norway has agreed to to increase its fiscal support up
from thirty billion crowns to twenty seven as from twenty
seven billion crowns this year. That's two point seven billion
(10:09):
US dollars. So Europe, obviously, with the fear that Trump's
going to come in and create a bit of a vacuum.
They're starting to up the ante a bit there. Twenty
after five Brian Bridge tributes have continued to flow in
following the passing of Nicky k. The former Minister and
all consentual MP, died over the weekend at just forty
four years old after a long battle with cancer. She's
(10:31):
been remembered as an advocate for the rainbow community and
a well respected MP across all of Parliament. Michael Barnett
is the former chief executive of the Auckland Business Chamber
and is with me this morning. Michael, good morning, Brian,
good morning. It's great to have you on the show.
This is obviously some very very sad news.
Speaker 8 (10:50):
It is.
Speaker 9 (10:51):
It's such a shame that people like Nicky need to
go for us to remember the impact that they made
and the things that they did. But she's certainly somebody
that I worked with and somebody that I remember and
remember what she did.
Speaker 3 (11:06):
What did you work with her on and what was
sort of some of the passions that came through when.
Speaker 4 (11:11):
You worked for them.
Speaker 9 (11:13):
I think the use of the word passion is a
good one. I mean, she was passionate, she was a
lesson and objectivity. She was an advocate. But for me,
you know, it's easy to talk fairness and equity in
a community, but it's harder to give the LGBTQ community
a voice. But she did that. It was easy for
(11:34):
me to talk, you know, the benefits of cruise ships
coming to our city. It was harder for somebody to
talk about the damage to the environment from new ways.
So it was easy for me to talk about congestion
and congestion charging and Orkland. It was harder to have
a conversation about the benefits of psycle waste, but she did.
(11:57):
She was able to give a voice to those who
didn't have one, and that was the sem community in
central Auckland. So those are the things that I will
remember her for.
Speaker 3 (12:10):
She was a bit of a fish out of water
in that sense in the national caucus at the time,
and I guess part of the part of her appeal
to Auckland Central that she was able to take that seat,
if you have to.
Speaker 9 (12:24):
Back into two thousand and ah, a labor stronghold for
so many years, and she took it, and she took
it as a young liberal, She took it as a
fresh new face passionate, tons of energy, and she came
in and she was quite happy to have a different
opinion around transport, or around where a port should be,
(12:48):
or as I said before the LGBTQ community, same sex marriage.
You know, these these were tough things that you needed
to have a conversation about, and she was happy to
have that conversation.
Speaker 3 (13:02):
Were you surprised at her passing. I mean, I just
I didn't. I didn't realize personally how unwell she was.
Speaker 9 (13:12):
I was aware, and I have to say I've done
a similar pathway, you know, with that cancer, and I
had throat cancer, and you know, for so many years
it takes its told and you know, for those that
have been down there, you understand the pain and the
despair and the sense of futility. For her, it's been
(13:34):
something that she's carried for so many years done She's
done it with huge amounts of support, huge amounts of hope,
and a huge amount of belief from herself. So I think,
you know, she's someone As I say, it's a shame
when people like net to go that it takes their
parting for us to remember the good she did.
Speaker 3 (13:54):
Absolutely, Michael, thank you very much for being with us
this morning. Really appreciate your time.
Speaker 5 (13:59):
Thanks.
Speaker 3 (14:00):
It's Michael Barnett, formative executive of the Auckland Business Chamber.
It is twenty four after five the early.
Speaker 1 (14:08):
Edition Full the Show podcast on iHeartRadio powered by News
Talks IV.
Speaker 3 (14:13):
You're on News Talk CB. It is twenty six minutes
after five. I paid forty cents for a paper bag
while shopping at my local supermarket the other week. Forty
cents remember when they used to cost ten cents back
in the day when they swapped them out for plastic
bags when they banned those, which used to be free,
by the way.
Speaker 4 (14:32):
Forty cents.
Speaker 3 (14:33):
And guess what they had printed on the side of
this paper bag that you buy to put your groceries in.
They had printed little Christmas trees for goodness sake. So
you chop down trees, you make paper bags, and then
you print more trees on them, and we're supposed to
be saving the planet. This is stupid. It's dumb, and
it's forty cents. It's a lot of money. It's a
(14:55):
lot more than free, which is what we used to
get the plastic bags for. And they're not reusable. You
put a two liter of milk in there. It's wet,
it's sulky, and it just falls straight through. It's not
a reusable thing. And here's the problem I think with
environment and no one and people are probably over the
paper bag thing and used to it by now and
take your own bags as the other thing. But I forgot,
(15:17):
So what are you going to do? But here's the
thing with environmental costly environmental policies. This is stuff like
you know, your emissions trading scheme charge on the petrol
that you put in your tank, or on farmers, or
the ute tax or the cycle wave bells that we
are paying for. The issue with all of this is
(15:38):
getting us on board with paying to fix the planet
when we're such a small part of it. You know,
are we rarely saving all the dolphins and whales and
turtles in the ocean by paying forty cents for a
paper bag a countdown?
Speaker 10 (15:56):
No?
Speaker 3 (15:57):
Because the ocean's still filled with plastic. So what's the
point is? You know, shi Jingping's still opening coal fired
power plants, yes. Is Donald Trump about to start drilling
helpful leather for more oil?
Speaker 4 (16:11):
Yes? So you know, what are we doing? What difference
are we making? Why should we bother.
Speaker 3 (16:18):
They just had the climate change conference in Azerbaijan and
the Petro State for goodness sakes, and everyone flew there
on an aeroplane and I'm paying forty cents for.
Speaker 4 (16:29):
A paper bag. Get you out of here. Twenty eight
after five, Brian, just before we get to.
Speaker 3 (16:36):
The news at the half hour, this is a report
from the directors. It's Director Sentiments Survey for twenty twenty four. Basically,
all of the directors who in charge of companies around
New Zealand. They're worried about the brain drain. Who is
going to run the country? Literally, who was going to
run these companies? There's no succession planning. We've got people
(16:57):
leaving the country. The average age of a director at
the moment on listed companies is sixty one years old.
This year, they say, we saw a number of high
profile chare and chief executive retirements for good or for bad,
that have placed pressure on organizations. They say, one of
the biggest challenges we've got now is succession planning. Who's
(17:18):
going to run the place when everyone's leaving. Twenty nine
after five News Talk zib.
Speaker 9 (17:28):
J Presisson.
Speaker 1 (17:42):
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.
Speaker 2 (17:51):
News Talk zibby, good Morning New Zealand.
Speaker 3 (18:01):
It is twenty four away from six news talksi'd b
k Oliver are UK europe correspondents with US momentarily the
Tories accusing labor.
Speaker 4 (18:10):
Of pinching their jobs plan. Also Russia expelling a British diplomat.
We'll look at that.
Speaker 3 (18:15):
The ocr decision out today after the world's.
Speaker 4 (18:18):
Longest summer break.
Speaker 3 (18:21):
Literally, I think of any central bank in the world,
New Zealand has the longest summer hiatus. They're not back
until February, and of course before February, Trump is going
to be in the White House. It is January twentieth.
I think he's going to be in there. So we'll
have a lot going on in that time. Shouldn't they
be at work? We'll ask the ben Z Economist Chief
(18:42):
economist Mike Jones just before six o'clock. Lots of feedback
on paper bags, which you have to buy at the
supermarket now instead of getting your free plastic ones. And
I don't know, I'm not saying let's go and print
plastic bags. Crank the plastic bags back up. But I
just hate paying for paper ones. Ryan, bring your own bags,
(19:03):
for goodness sakes. Jeez, you are unbelievable, says one of
our listeners, Ryan. The paper bag costs the supermarket between
ten and fifteen cents each.
Speaker 4 (19:12):
It is blatant profiteering. Ryan. I leave my bags in
the car.
Speaker 3 (19:16):
I load them, then unpack them and put them back
in the car afterwards. The system seems to work well,
says Ken Ken. That's good for you. I don't do that.
I'm not an organized person.
Speaker 10 (19:27):
Ryan.
Speaker 3 (19:28):
Listening to the country on ZB on Saturday, I was
shocked to hear New Zealand will be twenty percent covered
with pines by twenty thirty, both planted and wilding pines.
Apart from the loss of land, that will do. What
will this do for the allergy.
Speaker 4 (19:42):
And asthmas sufferers, asks Judy. Well, I suppose that's a
good point, Judy.
Speaker 3 (19:48):
It is twenty two minutes away from six. I promised
you that I would tell you about Robin Malcolm and
the Curse of the Aging Actor, and I will do that.
Plus our city Universe City reversing its AI cheating policy,
will have more on that shortly two twenty two to six.
Speaker 1 (20:07):
Bryan Bridge our.
Speaker 4 (20:08):
Reporters around the country.
Speaker 3 (20:09):
Blake Benny With Denieda's News disagreement at the council there
over furthest spending for its campaign against the hospital cuts.
Speaker 4 (20:17):
This was bound to happen.
Speaker 11 (20:18):
That's all right, So it's approved more money for its campaign,
with the total expenditure costing each ratepayer two dollars sixty.
Councilor Lee van Dervis was the only one to vote
against the proposal and says it doesn't make sense to
justify the spending by saying it's just a small amount
per ratepayer. Van Derverz says it diminishes the sizeable amount
of money being thrown at a campaign which has already
(20:41):
served its purpose. Meanwhile, Councilor Carmen Hulahan believes the City
Council should target Winston Peters as the Prime Minister's not
supporting a budget under one point nine billion dollars.
Speaker 4 (20:52):
Interesting strategy. Well, apparently Seymour holds all the powers they
should probably have him. How's the weather in Dunedin Blake.
Speaker 11 (21:00):
Moostly cloudy with occasional rain. Clear in this afternoon. A
high of seventeen brilliant.
Speaker 4 (21:04):
Thank you clear than christ it'ch clear and you can
to be.
Speaker 3 (21:06):
University research shows a link between where you grow up
and your mental health.
Speaker 12 (21:11):
Yes, good morning Ryan. This study found that children who
moved from a well off area to a more deprived
neighborhood were more likely to suffer from depression than those
who had a stable life in more affluent areas. Now,
this combined some geospatial information with data from the Christitch
Health and Development Study. The lead researcher, Susi Deng, says
it looked at whether the impacts continued throughout participants' life,
(21:33):
and the research indicated they didn't continue through to adulthood.
She does say though, they're looking at and incorporating some
environmental factors in the future to see if there's long
term health effects from that. She says the research highlights
the need to support children, particularly those in vulnerable situations,
to prevent it impacting upon their health.
Speaker 4 (21:52):
That's interesting.
Speaker 3 (21:53):
So if you go from a rich to a poor area,
you get depressed, but if you pour the whole time,
you find.
Speaker 4 (22:00):
All right. How's the widder?
Speaker 12 (22:02):
Low cloud with possible drizzle clearing from about mid day
could be some low cloud again this evening northeasterlies and
a high of twenty brilliant.
Speaker 3 (22:09):
Thank you Mexas and Wellington Mexi keeping your Golden Mile.
Speaker 4 (22:12):
You must be stoked.
Speaker 10 (22:13):
Well, we shouldn't probably shouldn't be surprised when a massive
pedestrianization project is voted for by a predominantly lefty council.
There was a strong argument that the hugely contentious Golden
Mile plan would have been an easy stroke of the
pen when you've got hundreds of millions of dollars to
desperately fine. But that's not what happened at yesterday's council meeting. Instead,
what you got were some of the smaller community developments
(22:36):
that won't get funding now. The beautiful glass Bigonia House
at the Botanic Gardens, Corrori Events Center, Frankketts Park, the
biggest central city things like Golden Miles, central Library, social
housing work on central streets. They're all remaining in the
long term plan. A lot of litigation, relitigation, re relitigation
at yesterday's meeting. I'm sure Crown Observer Lindsay McKenzie struggle
(23:00):
to stay awake. Too many mayors around the table, A
one councilor remarks, what's probably more fair to say is
many counselors who reckon they could do a better job
than the current one, who seems to be considering backtracking
on her plans to run again amid a drop in support, that.
Speaker 4 (23:15):
Poor observer, probably busious COVID would come back.
Speaker 10 (23:18):
How's the exactly how the mostly fine twenty one Central Thank.
Speaker 4 (23:23):
You, Neva's and Auckland, Hey, Neva.
Speaker 13 (23:25):
Greetings, Yes, yes, no you go. I can't believe I'm
just listened to you talking about your recycling bags.
Speaker 4 (23:31):
Bad, isn't it?
Speaker 8 (23:31):
So there is?
Speaker 13 (23:33):
And so you do you buy the paper bags.
Speaker 4 (23:36):
Every time, every time.
Speaker 13 (23:37):
I've got to a true story, I have never ever
bought one. I didn't even know how much they cost
into forty forty cents because I always have the recycling bags.
I'm probably the other end. You're good well in the
boot of my car. I just I've just continued to
just like I'm a hoarder. I've got so many begs,
I've got them from Woolworths, I've got New World. And
(23:58):
then when my friends come and I said, oh give
me that, give me that recycling bag. Barfoot and Thomson
all these other shops. I'll give you some of those
and I use them.
Speaker 4 (24:06):
But what is that doing to the environment? Is that
worse than having plastic?
Speaker 2 (24:10):
But I don't care.
Speaker 4 (24:11):
Yeah, you're just a horder.
Speaker 13 (24:15):
And I need my The other thing too, is that
when I go in the end the supermarket, I need
some strong bags. I've got wine, I've got all sorts
of these important things, that's the thing. And you can't
put them in a paper bag barely.
Speaker 4 (24:26):
Put a two liter of milk and one of those
paper bags. Just what you do shopping? Carry it?
Speaker 3 (24:33):
You carry it like a baby underneath you. Actually, that's
that's how you have to leave the supermarket. You look ridiculous. No,
it's not a baby, it's no.
Speaker 13 (24:41):
It'll we way worse. What about coming into the Christmas
season and we obviously buy more because you've got to
have a plate of food. You've got friends coming around?
Or do you not have friends coming around?
Speaker 4 (24:50):
I don't friends around? Very quick? Literally, how much did
this goldie cost?
Speaker 13 (24:55):
Three point seven million dollars sold at auction? This is
the Goldie. Now, this is huge because you know the
bid started at two million. It is the biggest, huge moment.
I mean It's made New Zealand art history. I think
the last previous record was a colin mccaarn and that
was two point four million. So this three point seven mil.
Speaker 9 (25:15):
That's a huge jump.
Speaker 3 (25:16):
That's you can get one goldie or one paperback. How's
the weather.
Speaker 13 (25:22):
Fine to eighty two?
Speaker 4 (25:25):
Good day to go the.
Speaker 3 (25:26):
Supermarket in the sixteen away from sex and news talk
sat big All right, morning commute, coffee in hand and
you're already thinking about that to do list, right, Maybe
it's finally time to upgrade the couch or get.
Speaker 4 (25:38):
Those appliances sorted. Well.
Speaker 3 (25:39):
Smith's City has you covered. They've been nailing it for
more than one hundred years. There's still one hundred percent
key we owned, and they've got everything for your home
that you could possibly dream of, whether it's trending furniture,
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Speaker 3 (26:29):
Talk ocr and a second right now, Kay Oliver Our
UK Europe Correspondent. The Tories are accusing labor there of pinching,
stealing their ideas k.
Speaker 14 (26:40):
A new move to get Britain working. The work in
Pension Secretary Liz Kendall has told MPs and the Commons
today that they intend to create a new jobs and
career service connecting to work scheme, but her counterpart, Helen
Weightley for the Tories said that basically they've just turned
what was their work well program into their own branding.
(27:03):
So she's saying she's very pleased that they are making
these moves forward, but they've had fourteen years to come
up with their own plans and she think it's quite
rich of them obviously to steal what they see as
their own unique ideas. Now this all comes ryan as
we were saying that a big focus here on youth
unemployment and eighteen to twenty five year olds have been
(27:26):
told they have to earn or learn or lose their benefits.
Now figures show the unemployment at the moment for young
people here stand at fourteen point eight percent, which is
up from twelve percent just last year. That Liz Kendall,
obviously highlighting the changes that they're going to make, said
(27:46):
that she will be piling more money into what she
sees as a scheme that will basically encourage and help
people to find jobs. She feels that what's currently around
dates back to the nineteen teen, eighties or nineties, and
this is going to get people basically back into where
(28:06):
they should be. And there's also going to be more
money for youth mental health schemes. So it's a big
package that basically they're designing to try to get people
off benefits, get them back to work, and make it
easy to find jobs.
Speaker 3 (28:21):
Well, I suppose at least they have the decency to
change the name of the program before they stole it. Well, absolutely,
very quickly, Russia has expelled a British diplomat, accusing him
of espionage.
Speaker 4 (28:32):
Do we know exactly what he's done.
Speaker 14 (28:35):
Well, No, this is the state news agency has reported.
This is the country's FSB security service. They are saying
that the diplomat whose photo has actually been shown on
TV bulletins, that he's provided false information on his documents
and carrying out espionage. Now, of course, the Foreign Office
(28:56):
here are saying this is not the first time the
Russia has made malicious and baseless accusations against our staff.
They intend to respond in due case in due course.
But interestingly, last week it emerged that the UK obviously
lifted those restrictions on Ukraine using the British supplied storm
(29:18):
Shadow missiles on targets inside Russia for the first time.
So it's quite interesting that this has happened at this
particular time.
Speaker 3 (29:27):
Certainly, yes, Kay, thank you very much for that update.
That's Kay Oliver, our UK and Europe correspondent, just gone
ten away from six News Talk CB Ryan Bridge spiks
story today of course will be the ocr and we
know that it's going to move down. We just don't
know by how much will it be twenty five fifty
seventy five basis points it'll currently if it went sorry,
(29:47):
fifty basis points, which is what most banks are predicting
it will do. It would take us to four point
two five percent. Neutral is three percent, and they reckon
we'll get to three and a half at some point
twenty twenty five. And the banks differ on exactly how much.
My question is, you've got what I think is the
world's longest summer break, the longest hiatus for a central
(30:10):
bank in the world. They're not back meeting until February,
and in that time you have Trump coming to power.
You've got them promising on day one twenty five percent
tariffs on Canada, twenty five percent tariffs on Mexico, and
the old Pesto's taking a hammering overnight, as has the
Canadian dollar. And then you've got ten percent going on China.
This will affect the world and our central bank at
(30:34):
the beach until February.
Speaker 4 (30:37):
What's up with that?
Speaker 3 (30:38):
Anyway, You'll expect a decision later on today, and most
banks are picking it will be fifty basis points, just
gone nine minutes away from six here on news Talk,
said b very quickly. I promised you the Sydney University
students there are allowed to use AI. This is a
radical reversal of their cheating policy. They say, cat ulators
(31:00):
never killed mathematics skills. It's better that we embrace this
technology and empower students rather than banning it all together.
So initially they said no AI in your assessments. Now
they're saying you can use AI. So there you go
go Figure eight to six.
Speaker 4 (31:16):
Get ahead of the headlines.
Speaker 1 (31:18):
Ryan Bridge, you for twenty twenty four on early edition
with Smith City, New Zealand, furniture beds and a playing store.
Speaker 4 (31:26):
News Talk zed B.
Speaker 3 (31:27):
Six to six on news Talk said, B So the
OCR announcement coming today, most banks picking fifty basis points.
But there's a lot of water to go under the
bridge before the next meeting in February next year. You've
got Trump coming in, You've got tariffs.
Speaker 4 (31:39):
On day one.
Speaker 3 (31:40):
Mike Jones is the Benz chief economist. Why not seventy
five basis points?
Speaker 15 (31:46):
Mike, Yeah, morning, Ryan. Look I can see some of
the logic for seventy five basis points. I mean, we
know that the OCA is headed lower after this, we
know it's going to four central maybe below that, So
why not just get on with it? The economy needs it,
after all. But look, I think you know the big Bazooka.
The seventy five point or larger moves tend to be
(32:08):
reserved for more crisis type situations, and clearly we're not
in one of those at the moment that there are
some signs that the economy is responding to some of
the rate cap so we've seen today. So no need
just to sort of scare the horses just yet.
Speaker 4 (32:23):
When do you think we'll get back to neutral? It's
looking at.
Speaker 15 (32:28):
The moment, and things can obviously change. Like a story
for mid to late next year, that's what's baked into
our numbers. Are moved back to that three three and
a half percent zone for the official cash raiders around
that neutral area because there's a lot of uncertainty about
just where neutral is. So I think it's going to
(32:49):
be a case of moving in that smaller moves next
year and seeing how the economy responds.
Speaker 3 (32:56):
All right, Mike, thank you very much for that analysis.
Mike Jones and Ben Z chief economists with us this morning,
just gone four away from Sex. Ryan Bridge Mike is
here next. Good morning, Mike, Good to see you. The
Mike Other Mike.
Speaker 4 (33:08):
Greg Smith is our man on markets.
Speaker 7 (33:10):
He's been arguing very eloquently, I think for a sustained
period of time. For seventy five.
Speaker 4 (33:16):
Yeah, I think, just go for it.
Speaker 7 (33:18):
Well yeah, I mean the counter argument that is, if
you overgo for it, then of course inflation rises and
all that sort of stuff.
Speaker 4 (33:24):
But tell you what I'm telling you.
Speaker 7 (33:25):
My current theme at the moment is I don't think
things are going as well as people expected them to
do once they started cutting. So the idea was the
cuts came in and people were supposed to go, oh, sure,
it's over exactly, and we haven't. Hence Greg argues seventy
five because you need something to go. You know, it's
a bit better than you think it is.
Speaker 4 (33:44):
So you've got Trump coming, and you've got terrorists coming yesterday.
Speaker 7 (33:47):
I mean, the Canadians beside themselves as they as they
well should be. Indeed, the Mexicans, I mean, the Chinese
won't be surprised. But I mean, you know, if you're
in Canada, it's only there's twenty five. Most people think
that's an stand from his point of view, and it's
a bargaining, and we'll go back and forward and all.
Speaker 4 (34:00):
He won't be finished at ten percent of China either,
will he? Mike is here next. Have a great day everyone.
See Tomorrow The Nest.
Speaker 1 (34:12):
For more from Early Edition with Ryan Bridge. Listen live
to news talks it'd be from five am weekdays, or
follow the podcast on iHeartRadio
The issues, the interviews and the inside. Ryan Bridge new
for twenty twenty four on the early edition with Smith City,
New Zealand's furniture beds and a play at store.
Speaker 2 (00:14):
The news dogs'd me.
Speaker 3 (00:16):
Good morning to six half of five. Great to have
your company. The OCR announcement today. Why does the Reserve
Bank sank take such a long holiday over summer? And
we'll look at that. Just before six this morning.
Speaker 4 (00:27):
Nurses are upset. We're getting more nurses. What is up
with that?
Speaker 3 (00:32):
Michael Barnett on the sad passing of Nicky Kay, our
UK correspondent this morning. Labor apparently pinching jobs policies from
the Tories.
Speaker 1 (00:43):
The agenda.
Speaker 3 (00:44):
It is Wenesday, the twenty seventh of November. Israel's whacked
Bay route overnight seven dead hitting his villa defense facilities.
We're told it seems to be preempting a ceasefire deal,
basically getting hits in while they can. Israel's cabinet meeting
now to discuss the deal.
Speaker 5 (01:00):
There will be no problems for Natanio to get the
majority that he needs from the cabinet. There are some ministers,
especially the lunatic ones, who will be against any cease
fire anywhere in the world.
Speaker 6 (01:14):
But they're not threatening.
Speaker 3 (01:17):
So the meeting started about an hour ago, set to
last a couple of hours.
Speaker 4 (01:20):
It's a sixty day deal they're looking for. There.
Speaker 3 (01:23):
The alcohol methanol backpacker scandal, well, apparently police have detained
eight staff from that backpackers in Laos. Six people died,
five of them were staying at the hostel. Five survived.
This is a survivor as people who've been found alive
more than twenty four hours after a tourist yacht sank
in the Red Sea off the coast of Egypt.
Speaker 6 (01:45):
Mainly these boats are built from wood. They look very nice.
They've highly finished. When they find themselves out in the
Red Sea, proper away from the coast, punching north, I
think bad things can happen and then they can literally
fall apart. Of course, in some cases.
Speaker 3 (02:00):
Bodies of four people have been found, seven remained missing.
To the United States, Donald Trump says he'll put a
twenty five percent tariff on all imports coming from Mexico
twenty five percent for Canada. This on his first day
in office. He's also going to whack China with ten
percent until illegal drugs stopped being sent into the United States.
(02:20):
China's embassy's response, No one wins.
Speaker 4 (02:23):
In a trade or tariff war.
Speaker 1 (02:26):
On your radio and online on iHeartRadio Early edition with
Ryan Bridge and Smith City, New Zealand's Furniture Beds and
a playing store News Talk z B.
Speaker 3 (02:37):
Yeah, a couple of interesting things this morning. Russia, and
we'll talk about this with our UK correspondent. As I mentioned,
but rule number one of spying is don't get caught.
And apparently Russia's expelled a British diplomat accusing him of espionage.
How they figured that out, I'm not quite sure, but
we'll find out from our correspondent. The FSB put his
photo across state television over in Russia. He was a
(03:00):
cues of providing false information on his documents and carrying
out espionage and sabotage activities. And then I thought, how
can you get to Russia? How hard is it to
get to Russia if you did want to get to Russia.
Obviously you're advised not to travel to Russia, but you
can get to Russia on a China Eastern flight. You
can go Auckland via Sydney via Shanghai, bi Beijing and
then eventually to Moscow thirteen hundred bucks return. The big
(03:23):
question I suppose is do you return? You know, so
they do lock people up, don't they use them as
bargaining chips in their next round of so called diplomacy.
A really interesting article in The Guardian, which i'll get
to you later on. Robin Malcolm has been interviewed the
New Zealand actress about her apparently very good.
Speaker 4 (03:41):
Haven't seen it?
Speaker 3 (03:42):
A new show called After the Party, and they talk
about how if you are watching a movie these days
and you're watching somebody who's playing let's say a character
that's sixty five, seventy eighty years old, they're normally fifty.
We don't like looking at old people anymore because we
find them hideous. So we'll talk about that a little
(04:04):
later on as well. And this Goldie, what an incredible
price I heard ever mentioned it in the news. The
most valuable now Maldi portrait in New Zealand history, getting
three point seven five million dollars at auction last night.
Thoughts of tor Hunger are portraits of Fuddy Cody Tahuna.
This was the highest price it was by Goldie in
(04:28):
nineteen thirty eight sold for more than three point seven
million dollars. At twenty sixteen, they sold a Goldie for
one point one seven five and they have since sold
fifteen Goldies for more than a Indian. But this just
blows it out of the water. So I don't know
who bought it, someone rich. I presume it is ten past.
Speaker 1 (04:45):
Five, Ryan Bridge.
Speaker 3 (04:49):
Also this morning we're going to look at the debt
to income limits because his interest rates come down. If
you know someone who wants to get into their first home.
Some interesting numbers and some interesting information from core Logic
Calvin Davidson, which I'll get to after this.
Speaker 4 (05:04):
You're on Newstalk ZB.
Speaker 7 (05:06):
As the last longer Abu fagot you liveledg.
Speaker 1 (05:15):
Ryan Bridge you for twenty twenty four on early edition
with Smith City, New Zealand's furniture Beds and a playing store.
Speaker 2 (05:22):
News Talk dB.
Speaker 3 (05:23):
It's thirteen after five. Great to have your company this morning.
Flicking your text. Nine to nine two is the number.
So the debt to income limits this is and it
hasn't mattered much until now. These debt to income limits,
even though they came in in July, because interest rates
are so high, who can afford to buy a house anyway.
But the idea is that you tie house prices closer
(05:44):
to incomes.
Speaker 4 (05:46):
You stop.
Speaker 3 (05:47):
And the idea is that you will stop big future
price booms, et cetera, and protect borrowers from the financial
ruin if and when the rates shoot up again and
you can't afford to service your mortgage, you know, the
tide goes out and people are caught with their no
togs on. So these came in in July, and as
interest rates start to come down, and we're going to
(06:08):
see another drop in the OCI today, we'll talk about
that with the Benz economists just before six. But Calvin Davidson,
the chief economist at Core Logic, he's put a piece
out and he says, basically, yes, they are a significant move,
but they will not make or break most first home
buyers for a couple of reasons. He says there'll be
(06:29):
significant allowances for banks to lend outside of the caps.
He said new builds are exempt, so if you want
to buy a new built home, you don't have to
worry about the DTI limits most buyers, he says, we'll
still find a way and what's more, twenty percent of
DTIs can be done at a greater than sex, which
(06:50):
is the limit that they've put in, so you know
you can still get around it. It's not going to
be It's not the be all lend All in terms
of not being able to afford a house, particularly if
it's your first one. Just go on quarter past five
here on News Talk SEB. We are hoping to talk
this morning to David Willis. He is the National director
of the Nurse's Society. So the government's put in a
(07:10):
bunch of money, ten million dollars for senior specialist nurses
as well as some money for senior doctors, and the
union's aren't happy.
Speaker 4 (07:19):
Why are the unions never happy? Why are they so miserable?
Speaker 3 (07:23):
I mean, if someone said to me, hey, there's ten
million dollars for some news staff and you can't have
it both ways, they say, well, we're not paid enough
to begin with, so there's not infinite money. There are
finite resources. So you either are so sick and tired
of doing double shifts and triple shifts or whatever that
you are happy to take extra staff to get extra
(07:46):
nurses on board, or you.
Speaker 4 (07:48):
Want more pay. Which is it? Because you can't have everything,
can you? Anyway? We'll talk about that with them, hopefully
later on in the program.
Speaker 3 (07:55):
Anyone else said about Nikki Kay I had a little
cry yesterday. What an amazing, wonderful person. I've actually got
a bit of audio to play for you. This is
from twenty nineteen when Nicky Kay was asking questions of
the then Education Minister Chris Hipkins, and it just shows,
(08:16):
I mean, they had this back and forth, it was
quite combative. And then this was Nicky Kay's last question.
Speaker 8 (08:21):
Let's to speak a supplementary question. Does he stand by
his excellent decisions to back my second Language bill and
Nichola Willis's campaign to stick with VIC And can I
take this the opportunity to wish the member a very
merry Christmas and relaxing break with his baby girl.
Speaker 4 (08:39):
Oh you, thank you to the member. She was lovely.
Speaker 3 (08:42):
She was actually my neighbor for a week while an
absolutely delightful person and as everybody said yesterday, very very
hard working, very determined and we'd go to great lengths
to help other people. And my goodness, only forty four
years old. We're going to talk to Michael Bunnett about
the legacy of Niki Ka next the.
Speaker 1 (09:04):
News You need this morning and the in depth analysis
early edition with Ryan Bridge and Smith City, New Zealand's
furniture beds and a playing store.
Speaker 3 (09:13):
News Talks the'd be nineteen after five on News talks'd
be we'll talk soon about the Sydney University that is
going to allow the use of AI. They're basically changing
reversing their AI cheating policy.
Speaker 4 (09:25):
We'll talk about that shortly.
Speaker 3 (09:27):
Also overnight, Russia is apparently preparing to retaliate this after
the US attackers were twice used in the last three days. Also,
the Brits have allowed the use of their longer range
missiles as well. So apparently Russia the crewmin preparing to
retaliate in some way that we're not quite sure how
(09:48):
or in what fashion yet. Also overnight, Europe's starting to
step up. Germany is going to deliver two more irist
air defense systems to Ukraine before the end of the year.
Norway has agreed to to increase its fiscal support up
from thirty billion crowns to twenty seven as from twenty
seven billion crowns this year. That's two point seven billion
(10:09):
US dollars. So Europe, obviously, with the fear that Trump's
going to come in and create a bit of a vacuum.
They're starting to up the ante a bit there. Twenty
after five Brian Bridge tributes have continued to flow in
following the passing of Nicky k. The former Minister and
all consentual MP, died over the weekend at just forty
four years old after a long battle with cancer. She's
(10:31):
been remembered as an advocate for the rainbow community and
a well respected MP across all of Parliament. Michael Barnett
is the former chief executive of the Auckland Business Chamber
and is with me this morning. Michael, good morning, Brian,
good morning. It's great to have you on the show.
This is obviously some very very sad news.
Speaker 8 (10:50):
It is.
Speaker 9 (10:51):
It's such a shame that people like Nicky need to
go for us to remember the impact that they made
and the things that they did. But she's certainly somebody
that I worked with and somebody that I remember and
remember what she did.
Speaker 3 (11:06):
What did you work with her on and what was
sort of some of the passions that came through when.
Speaker 4 (11:11):
You worked for them.
Speaker 9 (11:13):
I think the use of the word passion is a
good one. I mean, she was passionate, she was a
lesson and objectivity. She was an advocate. But for me,
you know, it's easy to talk fairness and equity in
a community, but it's harder to give the LGBTQ community
a voice. But she did that. It was easy for
(11:34):
me to talk, you know, the benefits of cruise ships
coming to our city. It was harder for somebody to
talk about the damage to the environment from new ways.
So it was easy for me to talk about congestion
and congestion charging and Orkland. It was harder to have
a conversation about the benefits of psycle waste, but she did.
(11:57):
She was able to give a voice to those who
didn't have one, and that was the sem community in
central Auckland. So those are the things that I will
remember her for.
Speaker 3 (12:10):
She was a bit of a fish out of water
in that sense in the national caucus at the time,
and I guess part of the part of her appeal
to Auckland Central that she was able to take that seat,
if you have to.
Speaker 9 (12:24):
Back into two thousand and ah, a labor stronghold for
so many years, and she took it, and she took
it as a young liberal, She took it as a
fresh new face passionate, tons of energy, and she came
in and she was quite happy to have a different
opinion around transport, or around where a port should be,
(12:48):
or as I said before the LGBTQ community, same sex marriage.
You know, these these were tough things that you needed
to have a conversation about, and she was happy to
have that conversation.
Speaker 3 (13:02):
Were you surprised at her passing. I mean, I just
I didn't. I didn't realize personally how unwell she was.
Speaker 9 (13:12):
I was aware, and I have to say I've done
a similar pathway, you know, with that cancer, and I
had throat cancer, and you know, for so many years
it takes its told and you know, for those that
have been down there, you understand the pain and the
despair and the sense of futility. For her, it's been
(13:34):
something that she's carried for so many years done She's
done it with huge amounts of support, huge amounts of hope,
and a huge amount of belief from herself. So I think,
you know, she's someone As I say, it's a shame
when people like net to go that it takes their
parting for us to remember the good she did.
Speaker 3 (13:54):
Absolutely, Michael, thank you very much for being with us
this morning. Really appreciate your time.
Speaker 5 (13:59):
Thanks.
Speaker 3 (14:00):
It's Michael Barnett, formative executive of the Auckland Business Chamber.
It is twenty four after five the early.
Speaker 1 (14:08):
Edition Full the Show podcast on iHeartRadio powered by News
Talks IV.
Speaker 3 (14:13):
You're on News Talk CB. It is twenty six minutes
after five. I paid forty cents for a paper bag
while shopping at my local supermarket the other week. Forty
cents remember when they used to cost ten cents back
in the day when they swapped them out for plastic
bags when they banned those, which used to be free,
by the way.
Speaker 4 (14:32):
Forty cents.
Speaker 3 (14:33):
And guess what they had printed on the side of
this paper bag that you buy to put your groceries in.
They had printed little Christmas trees for goodness sake. So
you chop down trees, you make paper bags, and then
you print more trees on them, and we're supposed to
be saving the planet. This is stupid. It's dumb, and
it's forty cents. It's a lot of money. It's a
(14:55):
lot more than free, which is what we used to
get the plastic bags for. And they're not reusable. You
put a two liter of milk in there. It's wet,
it's sulky, and it just falls straight through. It's not
a reusable thing. And here's the problem I think with
environment and no one and people are probably over the
paper bag thing and used to it by now and
take your own bags as the other thing. But I forgot,
(15:17):
So what are you going to do? But here's the
thing with environmental costly environmental policies. This is stuff like
you know, your emissions trading scheme charge on the petrol
that you put in your tank, or on farmers, or
the ute tax or the cycle wave bells that we
are paying for. The issue with all of this is
(15:38):
getting us on board with paying to fix the planet
when we're such a small part of it. You know,
are we rarely saving all the dolphins and whales and
turtles in the ocean by paying forty cents for a
paper bag a countdown?
Speaker 10 (15:56):
No?
Speaker 3 (15:57):
Because the ocean's still filled with plastic. So what's the
point is? You know, shi Jingping's still opening coal fired
power plants, yes. Is Donald Trump about to start drilling
helpful leather for more oil?
Speaker 4 (16:11):
Yes? So you know, what are we doing? What difference
are we making? Why should we bother.
Speaker 3 (16:18):
They just had the climate change conference in Azerbaijan and
the Petro State for goodness sakes, and everyone flew there
on an aeroplane and I'm paying forty cents for.
Speaker 4 (16:29):
A paper bag. Get you out of here. Twenty eight
after five, Brian, just before we get to.
Speaker 3 (16:36):
The news at the half hour, this is a report
from the directors. It's Director Sentiments Survey for twenty twenty four. Basically,
all of the directors who in charge of companies around
New Zealand. They're worried about the brain drain. Who is
going to run the country? Literally, who was going to
run these companies? There's no succession planning. We've got people
(16:57):
leaving the country. The average age of a director at
the moment on listed companies is sixty one years old.
This year, they say, we saw a number of high
profile chare and chief executive retirements for good or for bad,
that have placed pressure on organizations. They say, one of
the biggest challenges we've got now is succession planning. Who's
(17:18):
going to run the place when everyone's leaving. Twenty nine
after five News Talk zib.
Speaker 9 (17:28):
J Presisson.
Speaker 1 (17:42):
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.
Speaker 2 (17:51):
News Talk zibby, good Morning New Zealand.
Speaker 3 (18:01):
It is twenty four away from six news talksi'd b
k Oliver are UK europe correspondents with US momentarily the
Tories accusing labor.
Speaker 4 (18:10):
Of pinching their jobs plan. Also Russia expelling a British diplomat.
We'll look at that.
Speaker 3 (18:15):
The ocr decision out today after the world's.
Speaker 4 (18:18):
Longest summer break.
Speaker 3 (18:21):
Literally, I think of any central bank in the world,
New Zealand has the longest summer hiatus. They're not back
until February, and of course before February, Trump is going
to be in the White House. It is January twentieth.
I think he's going to be in there. So we'll
have a lot going on in that time. Shouldn't they
be at work? We'll ask the ben Z Economist Chief
(18:42):
economist Mike Jones just before six o'clock. Lots of feedback
on paper bags, which you have to buy at the
supermarket now instead of getting your free plastic ones. And
I don't know, I'm not saying let's go and print
plastic bags. Crank the plastic bags back up. But I
just hate paying for paper ones. Ryan, bring your own bags,
(19:03):
for goodness sakes. Jeez, you are unbelievable, says one of
our listeners, Ryan. The paper bag costs the supermarket between
ten and fifteen cents each.
Speaker 4 (19:12):
It is blatant profiteering. Ryan. I leave my bags in
the car.
Speaker 3 (19:16):
I load them, then unpack them and put them back
in the car afterwards. The system seems to work well,
says Ken Ken. That's good for you. I don't do that.
I'm not an organized person.
Speaker 10 (19:27):
Ryan.
Speaker 3 (19:28):
Listening to the country on ZB on Saturday, I was
shocked to hear New Zealand will be twenty percent covered
with pines by twenty thirty, both planted and wilding pines.
Apart from the loss of land, that will do. What
will this do for the allergy.
Speaker 4 (19:42):
And asthmas sufferers, asks Judy. Well, I suppose that's a
good point, Judy.
Speaker 3 (19:48):
It is twenty two minutes away from six. I promised
you that I would tell you about Robin Malcolm and
the Curse of the Aging Actor, and I will do that.
Plus our city Universe City reversing its AI cheating policy,
will have more on that shortly two twenty two to six.
Speaker 1 (20:07):
Bryan Bridge our.
Speaker 4 (20:08):
Reporters around the country.
Speaker 3 (20:09):
Blake Benny With Denieda's News disagreement at the council there
over furthest spending for its campaign against the hospital cuts.
Speaker 4 (20:17):
This was bound to happen.
Speaker 11 (20:18):
That's all right, So it's approved more money for its campaign,
with the total expenditure costing each ratepayer two dollars sixty.
Councilor Lee van Dervis was the only one to vote
against the proposal and says it doesn't make sense to
justify the spending by saying it's just a small amount
per ratepayer. Van Derverz says it diminishes the sizeable amount
of money being thrown at a campaign which has already
(20:41):
served its purpose. Meanwhile, Councilor Carmen Hulahan believes the City
Council should target Winston Peters as the Prime Minister's not
supporting a budget under one point nine billion dollars.
Speaker 4 (20:52):
Interesting strategy. Well, apparently Seymour holds all the powers they
should probably have him. How's the weather in Dunedin Blake.
Speaker 11 (21:00):
Moostly cloudy with occasional rain. Clear in this afternoon. A
high of seventeen brilliant.
Speaker 4 (21:04):
Thank you clear than christ it'ch clear and you can
to be.
Speaker 3 (21:06):
University research shows a link between where you grow up
and your mental health.
Speaker 12 (21:11):
Yes, good morning Ryan. This study found that children who
moved from a well off area to a more deprived
neighborhood were more likely to suffer from depression than those
who had a stable life in more affluent areas. Now,
this combined some geospatial information with data from the Christitch
Health and Development Study. The lead researcher, Susi Deng, says
it looked at whether the impacts continued throughout participants' life,
(21:33):
and the research indicated they didn't continue through to adulthood.
She does say though, they're looking at and incorporating some
environmental factors in the future to see if there's long
term health effects from that. She says the research highlights
the need to support children, particularly those in vulnerable situations,
to prevent it impacting upon their health.
Speaker 4 (21:52):
That's interesting.
Speaker 3 (21:53):
So if you go from a rich to a poor area,
you get depressed, but if you pour the whole time,
you find.
Speaker 4 (22:00):
All right. How's the widder?
Speaker 12 (22:02):
Low cloud with possible drizzle clearing from about mid day
could be some low cloud again this evening northeasterlies and
a high of twenty brilliant.
Speaker 3 (22:09):
Thank you Mexas and Wellington Mexi keeping your Golden Mile.
Speaker 4 (22:12):
You must be stoked.
Speaker 10 (22:13):
Well, we shouldn't probably shouldn't be surprised when a massive
pedestrianization project is voted for by a predominantly lefty council.
There was a strong argument that the hugely contentious Golden
Mile plan would have been an easy stroke of the
pen when you've got hundreds of millions of dollars to
desperately fine. But that's not what happened at yesterday's council meeting. Instead,
what you got were some of the smaller community developments
(22:36):
that won't get funding now. The beautiful glass Bigonia House
at the Botanic Gardens, Corrori Events Center, Frankketts Park, the
biggest central city things like Golden Miles, central Library, social
housing work on central streets. They're all remaining in the
long term plan. A lot of litigation, relitigation, re relitigation
at yesterday's meeting. I'm sure Crown Observer Lindsay McKenzie struggle
(23:00):
to stay awake. Too many mayors around the table, A
one councilor remarks, what's probably more fair to say is
many counselors who reckon they could do a better job
than the current one, who seems to be considering backtracking
on her plans to run again amid a drop in support, that.
Speaker 4 (23:15):
Poor observer, probably busious COVID would come back.
Speaker 10 (23:18):
How's the exactly how the mostly fine twenty one Central Thank.
Speaker 4 (23:23):
You, Neva's and Auckland, Hey, Neva.
Speaker 13 (23:25):
Greetings, Yes, yes, no you go. I can't believe I'm
just listened to you talking about your recycling bags.
Speaker 4 (23:31):
Bad, isn't it?
Speaker 8 (23:31):
So there is?
Speaker 13 (23:33):
And so you do you buy the paper bags.
Speaker 4 (23:36):
Every time, every time.
Speaker 13 (23:37):
I've got to a true story, I have never ever
bought one. I didn't even know how much they cost
into forty forty cents because I always have the recycling bags.
I'm probably the other end. You're good well in the
boot of my car. I just I've just continued to
just like I'm a hoarder. I've got so many begs,
I've got them from Woolworths, I've got New World. And
(23:58):
then when my friends come and I said, oh give
me that, give me that recycling bag. Barfoot and Thomson
all these other shops. I'll give you some of those
and I use them.
Speaker 4 (24:06):
But what is that doing to the environment? Is that
worse than having plastic?
Speaker 2 (24:10):
But I don't care.
Speaker 4 (24:11):
Yeah, you're just a horder.
Speaker 13 (24:15):
And I need my The other thing too, is that
when I go in the end the supermarket, I need
some strong bags. I've got wine, I've got all sorts
of these important things, that's the thing. And you can't
put them in a paper bag barely.
Speaker 4 (24:26):
Put a two liter of milk and one of those
paper bags. Just what you do shopping? Carry it?
Speaker 3 (24:33):
You carry it like a baby underneath you. Actually, that's
that's how you have to leave the supermarket. You look ridiculous. No,
it's not a baby, it's no.
Speaker 13 (24:41):
It'll we way worse. What about coming into the Christmas
season and we obviously buy more because you've got to
have a plate of food. You've got friends coming around?
Or do you not have friends coming around?
Speaker 4 (24:50):
I don't friends around? Very quick? Literally, how much did
this goldie cost?
Speaker 13 (24:55):
Three point seven million dollars sold at auction? This is
the Goldie. Now, this is huge because you know the
bid started at two million. It is the biggest, huge moment.
I mean It's made New Zealand art history. I think
the last previous record was a colin mccaarn and that
was two point four million. So this three point seven mil.
Speaker 9 (25:15):
That's a huge jump.
Speaker 3 (25:16):
That's you can get one goldie or one paperback. How's
the weather.
Speaker 13 (25:22):
Fine to eighty two?
Speaker 4 (25:25):
Good day to go the.
Speaker 3 (25:26):
Supermarket in the sixteen away from sex and news talk
sat big All right, morning commute, coffee in hand and
you're already thinking about that to do list, right, Maybe
it's finally time to upgrade the couch or get.
Speaker 4 (25:38):
Those appliances sorted. Well.
Speaker 3 (25:39):
Smith's City has you covered. They've been nailing it for
more than one hundred years. There's still one hundred percent
key we owned, and they've got everything for your home
that you could possibly dream of, whether it's trending furniture,
the traditional comforts of lazy boy beds from New Zealand's
trusted Sleepy Head brand, or top brand appliances like Samsung, Alga,
Fisher and pikel And here's the kicker. Their deals are
(26:03):
insane amazing discounts across the board and if you find
a better deal someplace else, they'll match at Why waste
time when Smith City is right there.
Speaker 4 (26:10):
It gets better earn airpoints.
Speaker 3 (26:12):
Dollars while you shop there, dick out your home and
stack up Phoenix Holiday to Win Win Smith City eighteen
stores nationwide, including the new Wido park Out Little Shop Online,
Smith City dot co dot.
Speaker 1 (26:22):
NZ International correspondence with Insi Eye Insurance, Peace of Mind
for New Zealand Business.
Speaker 3 (26:29):
Talk ocr and a second right now, Kay Oliver Our
UK Europe Correspondent. The Tories are accusing labor there of pinching,
stealing their ideas k.
Speaker 14 (26:40):
A new move to get Britain working. The work in
Pension Secretary Liz Kendall has told MPs and the Commons
today that they intend to create a new jobs and
career service connecting to work scheme, but her counterpart, Helen
Weightley for the Tories said that basically they've just turned
what was their work well program into their own branding.
(27:03):
So she's saying she's very pleased that they are making
these moves forward, but they've had fourteen years to come
up with their own plans and she think it's quite
rich of them obviously to steal what they see as
their own unique ideas. Now this all comes ryan as
we were saying that a big focus here on youth
unemployment and eighteen to twenty five year olds have been
(27:26):
told they have to earn or learn or lose their benefits.
Now figures show the unemployment at the moment for young
people here stand at fourteen point eight percent, which is
up from twelve percent just last year. That Liz Kendall,
obviously highlighting the changes that they're going to make, said
(27:46):
that she will be piling more money into what she
sees as a scheme that will basically encourage and help
people to find jobs. She feels that what's currently around
dates back to the nineteen teen, eighties or nineties, and
this is going to get people basically back into where
(28:06):
they should be. And there's also going to be more
money for youth mental health schemes. So it's a big
package that basically they're designing to try to get people
off benefits, get them back to work, and make it
easy to find jobs.
Speaker 3 (28:21):
Well, I suppose at least they have the decency to
change the name of the program before they stole it. Well, absolutely,
very quickly, Russia has expelled a British diplomat, accusing him
of espionage.
Speaker 4 (28:32):
Do we know exactly what he's done.
Speaker 14 (28:35):
Well, No, this is the state news agency has reported.
This is the country's FSB security service. They are saying
that the diplomat whose photo has actually been shown on
TV bulletins, that he's provided false information on his documents
and carrying out espionage. Now, of course, the Foreign Office
(28:56):
here are saying this is not the first time the
Russia has made malicious and baseless accusations against our staff.
They intend to respond in due case in due course.
But interestingly, last week it emerged that the UK obviously
lifted those restrictions on Ukraine using the British supplied storm
(29:18):
Shadow missiles on targets inside Russia for the first time.
So it's quite interesting that this has happened at this
particular time.
Speaker 3 (29:27):
Certainly, yes, Kay, thank you very much for that update.
That's Kay Oliver, our UK and Europe correspondent, just gone
ten away from six News Talk CB Ryan Bridge spiks
story today of course will be the ocr and we
know that it's going to move down. We just don't
know by how much will it be twenty five fifty
seventy five basis points it'll currently if it went sorry,
(29:47):
fifty basis points, which is what most banks are predicting
it will do. It would take us to four point
two five percent. Neutral is three percent, and they reckon
we'll get to three and a half at some point
twenty twenty five. And the banks differ on exactly how much.
My question is, you've got what I think is the
world's longest summer break, the longest hiatus for a central
(30:10):
bank in the world. They're not back meeting until February,
and in that time you have Trump coming to power.
You've got them promising on day one twenty five percent
tariffs on Canada, twenty five percent tariffs on Mexico, and
the old Pesto's taking a hammering overnight, as has the
Canadian dollar. And then you've got ten percent going on China.
This will affect the world and our central bank at
(30:34):
the beach until February.
Speaker 4 (30:37):
What's up with that?
Speaker 3 (30:38):
Anyway, You'll expect a decision later on today, and most
banks are picking it will be fifty basis points, just
gone nine minutes away from six here on news Talk,
said b very quickly. I promised you the Sydney University
students there are allowed to use AI. This is a
radical reversal of their cheating policy. They say, cat ulators
(31:00):
never killed mathematics skills. It's better that we embrace this
technology and empower students rather than banning it all together.
So initially they said no AI in your assessments. Now
they're saying you can use AI. So there you go
go Figure eight to six.
Speaker 4 (31:16):
Get ahead of the headlines.
Speaker 1 (31:18):
Ryan Bridge, you for twenty twenty four on early edition
with Smith City, New Zealand, furniture beds and a playing store.
Speaker 4 (31:26):
News Talk zed B.
Speaker 3 (31:27):
Six to six on news Talk said, B So the
OCR announcement coming today, most banks picking fifty basis points.
But there's a lot of water to go under the
bridge before the next meeting in February next year. You've
got Trump coming in, You've got tariffs.
Speaker 4 (31:39):
On day one.
Speaker 3 (31:40):
Mike Jones is the Benz chief economist. Why not seventy
five basis points?
Speaker 15 (31:46):
Mike, Yeah, morning, Ryan. Look I can see some of
the logic for seventy five basis points. I mean, we
know that the OCA is headed lower after this, we
know it's going to four central maybe below that, So
why not just get on with it? The economy needs it,
after all. But look, I think you know the big Bazooka.
The seventy five point or larger moves tend to be
(32:08):
reserved for more crisis type situations, and clearly we're not
in one of those at the moment that there are
some signs that the economy is responding to some of
the rate cap so we've seen today. So no need
just to sort of scare the horses just yet.
Speaker 4 (32:23):
When do you think we'll get back to neutral? It's
looking at.
Speaker 15 (32:28):
The moment, and things can obviously change. Like a story
for mid to late next year, that's what's baked into
our numbers. Are moved back to that three three and
a half percent zone for the official cash raiders around
that neutral area because there's a lot of uncertainty about
just where neutral is. So I think it's going to
(32:49):
be a case of moving in that smaller moves next
year and seeing how the economy responds.
Speaker 3 (32:56):
All right, Mike, thank you very much for that analysis.
Mike Jones and Ben Z chief economists with us this morning,
just gone four away from Sex. Ryan Bridge Mike is
here next. Good morning, Mike, Good to see you. The
Mike Other Mike.
Speaker 4 (33:08):
Greg Smith is our man on markets.
Speaker 7 (33:10):
He's been arguing very eloquently, I think for a sustained
period of time. For seventy five.
Speaker 4 (33:16):
Yeah, I think, just go for it.
Speaker 7 (33:18):
Well yeah, I mean the counter argument that is, if
you overgo for it, then of course inflation rises and
all that sort of stuff.
Speaker 4 (33:24):
But tell you what I'm telling you.
Speaker 7 (33:25):
My current theme at the moment is I don't think
things are going as well as people expected them to
do once they started cutting. So the idea was the
cuts came in and people were supposed to go, oh, sure,
it's over exactly, and we haven't. Hence Greg argues seventy
five because you need something to go. You know, it's
a bit better than you think it is.
Speaker 4 (33:44):
So you've got Trump coming, and you've got terrorists coming yesterday.
Speaker 7 (33:47):
I mean, the Canadians beside themselves as they as they
well should be. Indeed, the Mexicans, I mean, the Chinese
won't be surprised. But I mean, you know, if you're
in Canada, it's only there's twenty five. Most people think
that's an stand from his point of view, and it's
a bargaining, and we'll go back and forward and all.
Speaker 4 (34:00):
He won't be finished at ten percent of China either,
will he? Mike is here next. Have a great day everyone.
See Tomorrow The Nest.
Speaker 1 (34:12):
For more from Early Edition with Ryan Bridge. Listen live
to news talks it'd be from five am weekdays, or
follow the podcast on iHeartRadio
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