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November 27, 2024 • 34 mins

On the Early Edition with Ryan Bridge Full Show Podcast for Thursday the 28th of November. The Reserve Bank has cut the official cash rate by 50 basis points to 4.25%. Finance Minister Nicola Willis reacts. 

Elevated levels of arsenic have been found in the Waikato river which supplies Auckland and Hamilton's drinking water. The Head of Operations at Water Services Authority Tau Mata Arawai speaks to Ryan about what it means for you.

Phase One of the Covid-19 Royal Commission of Inquiry will be handed to the government today. It says vaccine mandates cause pain to a substantial minority during the pandemic. Matthew Hague is a lawyer who represented a client who didn't want to be vaccinated, he joins the show.

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Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
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 vans and a play a store. News Talks, he'd.

Speaker 2 (00:15):
Be good morning, welcome to your Thursday, just gone six
after five. On News Talks, there'd be Nichola Willis, the
Finance Minister with us just before six this morning on
the OCR Can we stop talking about the OCR now,
maybe start talking about growth? Will do that with her
also this morning, Matthew Haig. He's a lawyer who defended
people who didn't want the COVID jab And there's the

(00:35):
COVID report being presented, the first of the COVID inquiry
reports being presented to the government today. We'll talk about that. Also.
Arsenic in your drinking water apparently not as bad as
it sounds. Does sound bad though, Mitch McCann out of the.

Speaker 3 (00:49):
US the agenda.

Speaker 2 (00:52):
It is Thursday, the twenty age of November. The Israel
has will to cease fire holding twelve hours in. Some
people now returning to their homes too.

Speaker 4 (01:00):
Almost immediately after this, sayisfire caming to In fact, thousands
of people have started the journey Del sal and this
has been the case for hours year. There is a
massive traffic jam here with you families trying to go
back to towns and villages in the south of the country.

Speaker 2 (01:18):
Israel started to stage withdrawal from southern Lebanon. Obviously, people
are a bit worried, particularly in Israel, to go north
to the border and continue living there like nothing happened.
The ICC has been busy. The Criminal Court says it's
requested and arrest warrant for the head of Mian Mars military.
He's accused of crimes against humanity committed against the Rahinga Muslims,

(01:40):
thousands of whom fled the country seven years ago, and
what the UMAN has called a genocide campaign by the military.
Three US nationals have been released from prison and China
after a prisoner swat between the countries. A UK journalist
was detained in China for two years and he's described
what conditions are like there.

Speaker 5 (01:57):
You start in a detention center where you sleep on
rough wooden floorboards. There's twelve people in a cell that's
only sixteen or seventeen square yards. The toilet as a
hole in the corner of the room. You eat from
doggie bowls that are pushed through the bars of the door.

Speaker 2 (02:14):
Don't get arrested. In China, protests calling for the release
of former Pakistan Prime minister and cricket start in run
Khan from prison have been called off. There was a crackdown.
Five hundred people were arrested and they decided, you know what,
we're going home.

Speaker 3 (02:28):
Get ahead of the headlines. Ryan Bridge you for twenty
twenty four on early edition with Smith City, New Zealand's
furniture Beds and a play at store Youth Talks.

Speaker 2 (02:38):
It'd be nine two is the numbered text. I particularly
we've got a question for Nikola Willis, who's on the
show before six, a pre Thanksgiving data dumps happening in
the United States this morning. Their September quarter GDP two
point eight percent. That's the annual figure two point eight percent. Man,
we'd love a bit of that, wouldn't we If you
look at a quarter on quarter, that's point seven better

(02:59):
than the UK would which is zo point one better
than the Eurozone, which is point four, motioning along as
the US economy. And it's interesting because they're it's you know,
they are a consumer driven economy. Basically domestic consumption is
huge for them. And even though the results have been
showing that they're not feeling confident, they've still been spending obviously,

(03:21):
so that is good for them. Our numbers, I mean,
do you even talk about it. I suppose it's the pain,
it's the medicine. Isn't it for bringing down inflation? In
New Zealand? We've had high caur interest rates and boy
did we hike them high. Anyway, we'll have more to
say about that later on in the show. Also the
arsenic thing. You know, when Leo my producer raymy usay,

(03:44):
he goes just letting you know that there might be
arsenac and an unhealthy amount of arsenic and you're drinking
water in Auckland. I said, oh god, that's terrible, because
I drink a lot of water. I do. I have
a I think it's more than a liter, but it's
about a liter bottle of water, and I fill it
up constantly from the tap. And I found myself half
an hour after Leo had phoned me, I found myself

(04:05):
drinking from it again. I just forgotten. Anyway, apparently, don't
freak out. It's not as bad as it sounds. Yes,
the level is above the acceptable level for human consumption,
but we should still drink it. Okay, all right, anyway,
we're going to talk to Steve Taylor, he's the head
of operations at water Services at their Water Services Authority

(04:28):
about that. In just a few minutes.

Speaker 3 (04:29):
News talks being Crying Bridge.

Speaker 2 (04:36):
Also, Casey Costello has put out a smoke free action plan.
People are lambasting that left, right and center. Nine out
of ten Kiwis consider their home to be a healthy
place to live, even though around half of us live
with mold. So there you go. We just don't care.
I probably have a bit of mold in my house
and I don't really care, so that makes sense. Eleven

(04:58):
after five, I've found my mind seeing a saying it's
been a world and I'm finding.

Speaker 3 (05:07):
Marvey News and Views you trust to start your day.
It's early edition with Ryan Bridge and Smith City, New
Zealand's furniture beds and a flying Store.

Speaker 2 (05:17):
News Talk ZIB thirteen after five News Talks ZIB nine
nine two the number text. The Water Services Authority has
been notified of increased levels of arsenic in the Waikata River,
which feeds into the Auckland and Hamilton water supply. The
agency says there is no health risk in drinking the water,
but the maximum acceptable value for arsenic is zero point

(05:39):
zero one milligrams eliter, an incredibly low amount apparently, but
they have seen levels between zero points zero one one
milligram and zero point zero one five milligrams, which is
quote marginally above the acceptable value for drinking water. Steve
Taylor is the head of operations at Water Services Authority
needs with us this morning, Steve, Good morninglcome to the show, Steve.

(06:04):
Can you hear me? Okay?

Speaker 6 (06:06):
I can, Yes, I've.

Speaker 2 (06:08):
Got you here, I've got you got. Have you had
any new results in overnight since since you last spoke.

Speaker 6 (06:14):
No, I haven't. There's been a number of samples that
were taken yesterday just to confirm what those levels are
in fact, that there's been any decrease as a result
of the actions that water Care has taken over the
last few hours. That are expecting those results this morning?

Speaker 2 (06:29):
What time this morning?

Speaker 6 (06:32):
Well, I have to laboratory, but I understand they've been
prioritized with haste, so we'd expect setos are available.

Speaker 2 (06:41):
How can you say that it's safe to drink even
though it's above the acceptable value? For drinking.

Speaker 6 (06:48):
Yes, acceptable value for a drinking water is designed for
long term exposure. So in other words, that someone who's
drinking amount of water over forty to fifty years, we
might expect to see some health effects starts up here
after forty or fifty years. So prolonged extensive drinking at

(07:09):
levels above the makes them acceptable value. What we've got
here is a marginal increase above acceptable value that would
expect to see reduced over the coming days.

Speaker 2 (07:22):
When did you so, how long is it? When did
you first find out about the result?

Speaker 6 (07:27):
So we found out about these results yesterday yesterday morning.
Bear in mind that the White at River naturally has
underlying levels of arsenic aner, and the treatment plants for
both Auckland City and Hamilton City do that arsenic, So
they removed the arthenic before it's put into the drinking water.

(07:48):
That's an important part of their treatment. And we know
from what these activities. Immediately after receiving these notifications, they
are changing their treatment. It says to excellent ensure and
increased levels off that arsenic garagon removed from the water.

Speaker 2 (08:05):
So did both you as a regulator and water care
both only found out about this yesterday. Yes, that's great,
but because Hamilton City Council said that they testing during
a stage at the treatment process on the nineteenth and
twentieth of November, recorded results that were elevated.

Speaker 6 (08:24):
Yes, so where were the results within the river itself?
So this is before the point of treatment can vary?
So we were notified. I'm just what data today Thursday?
On Thursday morning that there were levels within the point

(08:45):
network in Hamilton or above the acceptable valley and at
that point that's when we've requested an ongoing action.

Speaker 2 (08:53):
You so you found out actually a week ago that
there were elevated levels of arsenic in the river and.

Speaker 6 (09:02):
You are saying that we were notified on the twenty seventh,
so that's the last night.

Speaker 2 (09:11):
Sorry, So why is it so Hamilton City Council noted
that they had elevated levels on the nineteenth and twentieth
of November. That's a week ago, right, So why weren't
you told?

Speaker 6 (09:27):
I can't comment on that. We'd expect to be notified
with any increase and levels above the math and there's
a requirement that we are notified of those results.

Speaker 2 (09:39):
Okay, So if you weren't, what do you do about it?

Speaker 6 (09:42):
And so I'll be flying out with Hamilton to check
what the results were. They're telling of those results. Again,
if it's a spike and the source where we should
have been notified about that, it's possible that that was
an issue that's been managed through as part of their
treatment process. But again it's important that we do receive
notice of the results so that we can ensure that

(10:05):
supplies are actually taking the appropriate action.

Speaker 2 (10:07):
When you say how when you say water Care is
changing or rejigging the way that it processes the water,
what exactly does that mean and why aren't we doing
that already? Yeah?

Speaker 6 (10:19):
So what it Care has got the ability as part
of its natural treatment of water to turn it on
different treatment plants as part of its day to day operations.
So it has the ability that it can reduce the
intake from its white Cato treatment and increase the amount
of that's being supplied from its dams and other sources.

(10:42):
So it's switched that process on. What it means is
the water that is coming through the Waitekato treatment plant
is slowed down, which means the ability for those filters
to remove the arthics increase of so the slow the
water moves through those filters, the more efficient in the process,
is all.

Speaker 2 (10:57):
Right, Steve, you can guarantee as one hundred there'll be
no ill health effects from this, nothing for pregnant women,
nothing for the elderly, nothing like that.

Speaker 6 (11:06):
So we're confident that these levels are safe to drink,
but would expect both Hamilton and Watercare to be acting
prorectively just to reduce any risk.

Speaker 2 (11:16):
Steve. Thanks for your time this morning, Steve Taylor, head
of Operations at the Water Services Authority. It's nineteen after
five Newstalk, said.

Speaker 3 (11:23):
B Ryan Bridge, new for twenty twenty four on early
edition with Smith City, New Zealand's Furniture Beds and a
Playing Store News Talk SIBB.

Speaker 2 (11:34):
It is twenty one after five Newstalk, said b The
head of the COVID nineteen inquiry says vaccine mandates caused
huge pain to a substantial minority during the pandemic and
the government should consider where the benefits outweigh the harms. Well,
God have told you that for nothing. Today, Professor Tony
Blakeley hands over the first phase of the inquiry to

(11:55):
the Internal Affairs Minster Brook van Valden. He says the
damage to social cohesion needs to be concer did before
planning for future outbreaks. Matthew Haig was a lawyer who
defended a New Zealand Defense Force personnel who didn't want
to get the COVID JAB when it was mandatory. He's
with us this morning, Matthew, Good morning the boarding run.
I'll go through the exact comments in just a second,

(12:15):
but what's your your brief reaction to that?

Speaker 7 (12:19):
My action is in some way it does state the obvious.
The sleucial parson me wonders if the little adverse comment
that Blakeley and their commission does make is a way
to pre emp the second inquiry that's to be headed
by different commissioners.

Speaker 2 (12:35):
What you think the second one might have gone harder
and they're preempting it.

Speaker 7 (12:39):
I think so.

Speaker 6 (12:40):
Yes.

Speaker 7 (12:40):
There's been widespread criticism of Professor Blakeley, who is an
epidemiologist who gave direct advice to key government decision makers
throughout the pandemic, including doctor Bluefield. Isn't seem to be impartial,
and I wonder if the adverss comment, which really they
have no choice start to make, is that way to

(13:00):
pree the second inquorry.

Speaker 2 (13:02):
Is there anything legally that can be. I mean, once
this report comes out, can it form the basis of
any kind of further legal challenges.

Speaker 7 (13:10):
No, not directly, although I think whatever coming and evidence
they do present it might be helpful for even challenges
that are ongoing today. In twenty twenty four, we're still
wasteful a Supreme Court decision, there's still cases before the
Employment Relations Authority, there are still mandates now for New Zealand.

Speaker 2 (13:26):
Yeah, well that's true. How do you think the people
who you represented will feel reading what's out in the
Herald this morning?

Speaker 7 (13:34):
Fatigue and I'm surprised.

Speaker 2 (13:36):
Thanks so much for your time. Great to have you
on the show. Matthew Matthew Hagen, lawyer who defended a
client who didn't want the COVID JAB but was forced
to get it anyway. Twenty four minutes after that report,
by the way, is going to the government today and
we don't know when it will see the light of day.
I'll just read a couple of words from it here.
This is from Professor Blakeley. He's the epidemiologist for the
first phase of the Royal Commission into COVID and that

(13:59):
is an incredibly import lesson out of the pandemic. When
you're doing these types of mandatory things like mandatory vaccination,
they really need to be in a context where the
benefits far outweigh the harms. Mandates were justified for frontline
healthcare workers, border officials, and high risk places like prisons,
But he says, as far as it's reached beyond that,

(14:19):
I think we have all learned that has to be
done very cautiously, even if the majority of the population
are of the view that it should be happening.

Speaker 3 (14:31):
The early edition Full Show podcast on iHeartRadio powered by
News Talks AB.

Speaker 2 (14:38):
News Talks said, b The US economy is just humming
along at the moment, isn't it. Two point eight percent?
As I mentioned earlier in the program, two point eight
percent is their lucky number. This morning, two point eight
percent annualized GDP for the September quarter, better than the Eurozone,
better than the UK, much better than US. We're still
going backwards. Twenty twenty four has basically been a write off.

(15:00):
When we went balls to the wall with interest rate
hikes post COVID, and we were the first out the
gate to do it as well. We've held higher for longer,
and the hangover is hitting like a forty ounces Smirnoff
in the morning. It's not pretty, is it. Sure the
rates are coming down, we saw more of that yesterday,
but boy, the mess that that wrecking ball has left behind.

(15:22):
What's interesting about the Americans, even though their consumer confidence
was low as ours has been as well, they would
still go out and use the credit card to buy stuff.
In other words, the sentiment there didn't match the reality,
which is what we're seeing in the GDP number that's
been announced this morning, which we should and do envy.
Of course, they're a country that's run on domestic consumption.

(15:44):
We run on trade, and we haven't been helped by
the likes of China where there's been the slow down, Europe, etc.
They are the markets that we must sell to to
make a buck. But there is a question here for
Nikola willis now that inflation is beat, how much further
will you go with the bell tightening? Is a return
to surplus at all costs, at any costs? Worth it?

(16:06):
She's repeatedly said, not How much? Does she mean that?
I guess we'll find out when we get the HAYFU
numbers for December on the seventeenth, or when the minister
comes on the show in twenty minutes. We'll ask you
then too. Twenty eight minutes after five Bridge Brich, lots
of people are unsurprisingly texting and about the mandates on COVID. Ryan.

(16:26):
The only people who benefited from the terrible lockdowns were
the out of control labor government. Well that's true. Look
at their election result in twenty twenty and yeah, I
mean you can imagine the type of feedback we're getting.
And was it necessary for us to do the whole
mandates on every you know, did your barista need a mandate?

(16:50):
I mean, it seems mad looking back on it now,
doesn't it. It seems absolutely insane. Hey, Casey Costello, speaking of insane,
this idea that we're not not Casey Costello, but this
idea that we will stop everyone from smoking. And there's
a smoking plan twenty twenty five. You know, we're at
sixteen percent smokers. Now we're six point nine. Honestly, if

(17:10):
you want to smoke, filled your boots, just make sure.
I mean I'm not encouraging you to smoke, but if
you do smoke, just make sure that the tax covers
the health costs of doing so. Everyone's an adult We're
never going to stop everyone from doing everything bad? Are we?
News is next.

Speaker 3 (17:38):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and Smith City, New
Zealand's furniture bids and a flying store. News Talk sid be.

Speaker 2 (17:59):
Good Morning, New Zealand, twenty four minutes away from six
year on News Talks. They'd be welcome to your Thursday morning.
Nikola Willis the Finance Minister with us just before six
this morning. We're also going stateside with Mitch McCann. Lots
to get through a bit very quickly. This is one
that's not very important, but there's a guy in South
Korea who has been convicted because he was trying to
get out of the military draft. You know, they have

(18:21):
to do about eighteen months service over in South Korea
because obviously they live next door to North Korea. Anyway,
he didn't want to do it, so instead of you know,
making up some excuse or whatever, he ate. He became obese.
He binge ate to the point where he was able

(18:41):
to dodge the military draft. And he's been convicted of
doing this. So he weighed into one hundred and two
kilograms with a BMI classified as obese six years after
he was deemed fit to serve following an initial physical exam.
So he just spent six years eating. He doubled his
meal portions, he didn't do any physical exercise. He drank

(19:03):
large amounts of water right before the measurements to deliberately
increase his weight. Anyway, he's he's not going to war.
He's just huge. It is twenty two minutes oh before
we get to our reporters. This is Kamala Harris, who
lost the elections. He's been holidaying in Hawaii. Obviously he
has some time to reflect. She's released a video to

(19:24):
her supporters and people are like, what is this.

Speaker 7 (19:27):
I know this is an uncertain time.

Speaker 6 (19:29):
I'm clear eyed about that. I know you're clear eyed
about it. And it feels heavy.

Speaker 8 (19:35):
But as you've heard me say many times, hard work
can be joyful work.

Speaker 2 (19:40):
Ryan Bridge see was that He's got to go to
our reporters around the country. He will make a lot
more sense. Calm Proctor is in Dunedin this morning. Calum
a coroner there has ruled an inquiry won't be opened
into the one helicopter crash that claimed three lives. Yea morning, Ryan,
this comes after my suple.

Speaker 9 (20:00):
Investigations have already established the circumstances of this crash and
identified also safety recommendations. It was back in twenty eighteen
when pilot Nicholas Wallace and dock workers Scott Theobald and
Paul Hondelink were killed when their helicopter suffered a failure
shortly after take off from Wanacare Aerodrome. The Transport Accident
Investigation Commission found the left rear door likely opened unexpectedly

(20:24):
due to wear in the latch mechanism. It says the
underreporting of doors opening in flights was a factor. The
coroner here in this case has confirmed no more inquiries
will be opened, citing the thoroughness of existing investigations.

Speaker 2 (20:37):
All right, how's your wear the callum?

Speaker 9 (20:39):
We've got all west gusts today a wind warning gusts
of up to eighty k's then a cold cell west
change comes before that though the high twenty seven today.

Speaker 2 (20:47):
Thank you very much. Clear than christ Church clear, Good
morning to you. You've got an update on the mothboard,
christ Church Cathedral and Christmas.

Speaker 8 (20:54):
Yes, well, the christ Church Cathedral restoration may have been mothballed,
as you say, Ryan, but that hasn't stopped the Reins
Statement project from getting into the Christmas spirit. A twelve
Days of Christmas event is on the cards. It's basically
an opportunity for people to pay twenty five dollars for
a ticket to get inside the currently strengthened but incomplete cathedral.
There's a ten meter steal Christmas tree they'll see inside.

(21:17):
The cathedral's public opening and tree constructions all being done
at no cost, and the proceeds from the tickets will
go towards the City Mission. Christ Church Dean Ben Truman
says this event will mean a lot to people. He
says having the City Mission Tree bank inside the cathedral
brings back a cherished tradition.

Speaker 2 (21:35):
Well that's nice. How's your weather?

Speaker 8 (21:37):
A warm one for the cricket at Hagley today. Mainly
find a bit of increase in cloud northwesterly strong this afternoon,
the high though twenty eight.

Speaker 2 (21:44):
All right, enjoy that clear and maxis and willing to max.
You've got a new live music venue hoping to kick
things off in the capitol.

Speaker 10 (21:52):
Yeah, this is from the people who run Miaoba, which
hosts smaller acts in the CBD. They've opened a new
one thousand person venue called Miao Nui, which is quite
an impressive new concert hall essentially designed for the more
sort of mid scale bands. Acts more comfortable. Certainly it
looks than the likes of the original Miao San Fran

(22:15):
Bar on Cuba Street Valhalla, which can all be a
little claustrophobic and sweaty. These people have taken the old
Salvation Army Church Hall on Vivian Street opened it up.
Minui officially opens tomorrow. They have gigs already planned. They
believe Wellington's been crying out for a mid size venue
like this. They naturally fought the council on a couple issues,

(22:36):
got there in the end a bit too much government
red tape, they say. As well. They have already had
a sort of testa opening night hosting the National book
tour of someone called Paddy Gower. Not quite sure who
that is.

Speaker 2 (22:47):
Though, Oh it sounds terrible, sounds awful. It's a music venue,
by the way, Pewick Petty counts sing, I've heard them try. Hey,
how's the weather today?

Speaker 10 (23:00):
I'd never say no, partly cloudly, stronger, northern east eighteen
the high central awesome.

Speaker 2 (23:04):
Thank you. Neva in Auckland Hey, Neva, good morning, good morning.
Oh would you like a glass of water?

Speaker 11 (23:10):
Oh?

Speaker 1 (23:10):
Water?

Speaker 12 (23:10):
Oh, let's test it has. That's outrage people, hasn't it?

Speaker 6 (23:15):
What?

Speaker 2 (23:15):
Well? It has? But apparently it's all fine.

Speaker 12 (23:17):
That's right, it is.

Speaker 2 (23:18):
It is fine, So drink away. Yeah, but be careful
how much you're paying on your public transport?

Speaker 12 (23:23):
Oh outrage? Outrage. So Aucklanders could be paying much more
for public transport and future so nztas asked all the
local public transport authorities this came out yesterday to increase
their private chair revenue. This is to meet targets in
the coming years. Now, simeon brown Sey's authorities. They have
a range of options including you can you know, up
the aired revenue, lowering operating costs, or raising fares. Now

(23:47):
Greater Auckland director Matt Lowery ses, based on Auckland's targets,
fears could increase, could increase. Now this is between fifty
and sixty percent. So what does that mean when he
says if this does happen, there's going to obviously fewer
people using public transport services will likely be cut more
people will have no choice but to drive. What a cluster.

Speaker 2 (24:07):
It is a bit of a cluster, especially when you
look at I mean, same thing's happening in Wellington where
they live, and it could go up seventy seventy of
that's right, your worst case scenario. That is exactly your
load of money. I mean, if you're commuting on a
train from there's a woman going from Masterton to Wellington
costed thirty five bucks a day. It could cost just
sixty bucks.

Speaker 12 (24:24):
And you know with Auckland, I mean there's always delays
with trains and things like that than just something if that.
You know, hate to be negative, but you know, let's try.

Speaker 2 (24:32):
And you know what, we spend most of our day
being negative, so I don't think you should apologize for it.

Speaker 12 (24:37):
I was just thinking, is this probably an incentive and
a good thing. The reason why we work so early
in the morning because we can't take the whole thing
and we're boire the whole thing and we can drive
and we don't get caught in traffic at three in
the morning. How's the weather fine apart from morning cloud
twenty two is the high here in Auckland.

Speaker 2 (24:52):
Mitch McCann Nicola willis up next News Talk.

Speaker 3 (24:55):
ZB International Correspondence with Ends and Eye insurance survined for
New Zealand business.

Speaker 2 (25:02):
It is fourteen away from six news talks, said b Nicola.
Willis the Finance minister standing by in the ocr right now.
Mitch McCann out of the US, Mitch, how is Donald
Trump's transition going?

Speaker 11 (25:13):
Good morning, Ryan, while he's.

Speaker 2 (25:16):
Astration, it's going well.

Speaker 11 (25:20):
When any new US administration takes over, Ryan, they are
tasked with appointing hundreds of people to important jobs in
the American government, and that usually means many of them
require vetting and background checks from the FBI. It's pretty
standard procedure. But as Donald Trump is said to take
over the White House, The Guardian is now reporting that
Trump's team are planning for all political appointees to receive

(25:42):
clearances on day one and only face background checks when
its own officials are installed in the government. It's a
mood that's said to receive plenty of criticism that reporting
is correct. As Donald Trump finishes up deciding who's going
to be in his cabinet.

Speaker 2 (25:56):
That's the problem when no one trusts the public institutions.
Isn't it the Arctic blast heading your way? What are
you doing for Thanksgiving? Much?

Speaker 11 (26:03):
I'm having some some chicken some ham. I'm not buying
into that whole Turkey thing. It's too dry for me.
And then I'm flying back to New Zealand. But for
many people here in the US, it's going to be
freezing cold tomorrow. This arctic blast is coming through the US.
Temperature is as low as minus thirty four to minus
forty celsius in places like Wyoming, Nebraska, and Montana, and

(26:24):
it's bad news for almost eighty million Americans traveling for
Thanksgiving over that seven day period.

Speaker 2 (26:30):
Mitch, we can state signed, thanks so much for your time,
mate it is and look forward to seeing him when
you're back home. Thirteen away from six Bryan Bridge. Yes,
the ocr is coming down fifty basis points yesterday, bringing
it to four point twenty five percent, but growth well
still ain't great. Nicola Willis is the Finance minister. Minister,
good morning, good morning, right, nice to have you on
the show. So we know it's all good and rosy

(26:53):
and positive in terms of the OCI coming down a
bit further. But how worried are you about GDP? We
were down in June, we were down in September. We've
now downgraded our forecast going forward. This is a failure.

Speaker 13 (27:06):
Well, I think about GDP all of the time because
how fast the economy grows determines what jobs, opportunities, incomes
are available for people. So of course we want to
see the economy growing faster. That's why we're so focused
on removing retape, making sure that people can get resource
contents quicker, getting infrastructure out the door. Next year, what

(27:28):
the numbers tell us is that the economy will be
growing much, much faster than this year. That is good news,
but of course we always want to see those forecasts
getting higher, and of course it concerns me if they're
not as high as they can be.

Speaker 2 (27:43):
What about the half yearly economic fiscal update next month,
We're going to have to push that surplus out from
twenty seven to twenty eight.

Speaker 13 (27:51):
Well, look, I will announce those forecasts on the seventeenth
of December, and I won't go into the numbers ahead
of that. What you saw the chief economist of the
Tree come out with last week was that the Treasury
itself has been looking at the underlying size the economy
and revising its view about what's been happening over the
past few years. Complicated story, but basically, after COVID. They

(28:18):
got excited about where productivity was going. They're now revising
that damping it down. Well, actually isn't quite as good
as we think, and that means that their gross assumptions
are more muted, and of course that has flow on economies.
So you flow on implications for everything in the economy,
including how much revenue the government is receiving. We won't

(28:38):
make those updates in a couple of weeks.

Speaker 2 (28:40):
Okay, so that's not sounding great. Hipkins says, you need
to stop throttling the economy. I mean, inflation's under control now.
You need to stop with the austerity. You know, you've
got people heading to the winds dull queue. You've got
the housing projects that have been stalled because of funding cuts.
You've got activity that's not happening because of decisions you're making,
which is effect that GDP number.

Speaker 13 (29:01):
What do you say, Well, actually, unemployment is coming in
lower than had been forecast and predicted.

Speaker 2 (29:08):
Yeah, it's still up.

Speaker 13 (29:09):
I rejected austerity. I rejected austerity a year ago when
we came into office. That's why, despite a declining economy
left to us by Chris Hipkins and his friends, we
have increased funding dramatically, for health, for education, for the police.
What we've been doing is shifting resources from more wasteful

(29:30):
areas of government expenditures so we can focus them on
the areas that Kiwis really care about. I don't resile
from that, because I want to see funding going into
things like hiring more police on the front line, ensuring
that we've got structured literacy in our schools, making sure
that we are hiring more doctors and buying more cancer drugs.
That's the right thing to be doing. In Labour's wasteful

(29:53):
spending was not good for the economy and it wasn't
good for Kiwis.

Speaker 2 (29:56):
What about this report, and I'm sure you've seen it,
particularly in Wellington, potential for a seventy percent increase in
public transport cost? The hell are people meant to wear that?

Speaker 13 (30:06):
Look? I've only just seen that report. Obviously, public transport
fears are ultimately a matter for counsels. They make those decisions,
and so that is something which I'll have to understand.
What are the adjustments that the Wellington councils are making on
that matter. The government is continuing to fund public transport.
In fact, more money is going into public transport that

(30:29):
it has in the past. Obviously there are pressures. We're
also funding roads. There's a lot for us to do
in transport, so that those are discretionary decisions and look,
I'm happy to be looking at that. We want to
see New Zealanders with more cash in their back pockets
with a combination of tax relief, family boost childcare payments,
of interest rates coming down and inflation coming down. Many

(30:52):
many New Zealand families have come through a very tough time.
Can now see light at the end of the tunnel.

Speaker 2 (30:57):
Have you seen, as Finance Minister, any modeling on the
tental impacts of tariffs from a Trump administration or have
you had any conversations early conversations have we our embassy
withincoming US officials.

Speaker 13 (31:11):
Look, it is too early to model anything like that
because a lot of what you're reading at the moment
is speculation about what an incoming Trump administration will do.
Obviously we have the comments that he's made on the
campaign trail, but how that translates into policy in what order,
at what time, for what country are big questions. New

(31:31):
Zealand's job is to pursue our interests. We've had a
very strong relationship with the United States over many decades.
It's a significant trading relationship from which both countries derive values,
and the role of our diplomats and our indises is
to put our best foot forward to make sure we
maintain a really good trading position for our exported.

Speaker 2 (31:52):
Everyone's claiming that they're in charge of the government at
the moment. Have you seen that on the news? As
we all know.

Speaker 13 (31:59):
I think it's wonderful because many fathers, doesn't it.

Speaker 2 (32:03):
We all know it's here, isn't it. We all know
that you're the real boss. You're the real boss of
the show.

Speaker 7 (32:07):
Down here in this world.

Speaker 13 (32:09):
Nothing great happens without another involved as well. And well,
Christopher lasm should take the ultimate credit. He has an
extraordinary team of people with them across down ministry, across
three parties and government. And I can tell you we
all get up each day and we give it our
absolute best.

Speaker 2 (32:24):
That is Nichola Willis, Mother of the Nation. Just gone
seven minutes away from Sex News Talk s.

Speaker 3 (32:30):
B 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 (32:40):
News Talks five away from Sex News Talk said, but
sorry now four away from six. Great to have your
company this morning. We've just had Nichola Willis went a
bit late. Mike's here, Hey, Mike morning.

Speaker 14 (32:49):
Hey, what I'm concerned? Are you with your Candice Island
tickets that you bought?

Speaker 4 (32:55):
Yeah?

Speaker 14 (32:55):
And are you getting many bucks for are you getting
a refund for those?

Speaker 2 (32:59):
Did she sell any? She did? Put them on? You said?
You said the other day you had six of them?
Were looking forward to the show. Do you know I
would have gone? I went to who's that other guy?
You know, the sein film, No, the Marcho guy, the
psychologist that everyone needs to say with, Oh yeah, yeah, yeah.

Speaker 14 (33:14):
I interviewed him a couple of years ago, so he's
actually an interesting guy if you get beyond the noise
around them.

Speaker 2 (33:20):
I quite enjoyed this because there should be nothing wrong
with going and listening to koeople who have crazy ideas.
Couldn't agree more.

Speaker 14 (33:26):
And just because Australia doesn't want somebody this is I
just wonder if that's an excuse from our immigration to Australia.

Speaker 2 (33:32):
Didn't so easy box to tack, I would have thought so.

Speaker 14 (33:35):
Anyway, the usual we got the o c R and
all went stuff. Stephen Joyce's with us on that in
the month, among other matters. This morning very good. Alright,
MICA's with the next. Thank you for listening, everybody, have
a fantastic day, and I'll see you tomorrow Friday, my
favorite day.

Speaker 3 (33:55):
For more from Early Edition with Ryan Bridge, Listen live
to News Talks. It'd be for five am weekdays, or
follow the podcast on iHeartRadio.
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