December 9, 2024 • 34 mins
On the Early Edition with Andrew Dickens Full Show Podcast for Tuesday the 10th December. The government is looking to inject Kiwibank with $500 million in capital to "disrupt the status quo" and take on the big Australian owned banks. Massey University Banking Expert Claire Matthews joins the show.
The Education Review Office says our relationship and sex ed in schools is not up to standard and is having an impact on our children. PPTA President Chris Abercrombie speaks to Andrew.
Building and Construction Minister Chris Penk has made big changes to his proposed rollback of new insulation standards - is industry criticism behind the changes?
Get the Early Edition with Andrew Dickens Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
The issues, the interviews, the lists and the inside. Andrew
Dickens on the early edition with Smith City, New Zealand's
furniture Beds and apply at store us Dogs.
Speaker 2 (00:15):
It'd be hey, good morning to you, welcome to the program.
Welcome to you Tuesday. My name is Andrew Dickins. Thank
you for choosing us on the program today. Our sex
ed curriculum is loose and variable and not fit for
purpose according to Ero, do we need to do something
about it? The PPTA president Chris Abbitt promby while on
this in just moments Chris penk he's at war with
(00:37):
the insulation industry as he tries to make building cheaper.
So the minister is going to join us shortly and
can we bank needs more money and the government is
allowing them to find it. So is this going to
work for competition? What is Operation Avelaite in Australia. Donad
Demayo joins me just after five thirty and we have
Massi University banking expert Claire Matthews joining us just before six.
(00:58):
It is Tuesday, the tenth of December. You can text
me on ninety two ninety two. You can email Dickens
at newstoroks at b dot co dot MZ.
Speaker 1 (01:06):
The agenda.
Speaker 2 (01:08):
So Syrian president batshah Al Assad and his family have
been granted asylum in Moscow after fleeing the country. Some
people were trying to say that his plane crash yesterday,
but obviously it didn't. He arrived. Meanwhile, in Syria, the
leader of the rebel group HTS has talked about his
plan for leading the country.
Speaker 3 (01:27):
We're not talking about rule by individuals or personal wins.
It's about institutional governance. Syria deserves a governing system that
is institutional, not one where a single ruler makes arbitrary decisions.
Speaker 2 (01:40):
So the United States says, okay, we'll work with all
groups in Syria, despite cause HTS being designated a terrorist
entity by the US. I think we're in a wait
and see, don't you think. South Korea's president has been
banned from leaving the country while he's under investigation for
invoking martial law. His name is Yun Zuk Yol, and
he's been named as a suspect multiple charges, including treason
(02:02):
to America and authorities in New York and New Jersey
investigating multiple sightings of large drones flying over the States
over the past weeks, and some of these drones have
fallen over as recently as yesterday.
Speaker 4 (02:15):
When you see something of this capacity, you wonder why
it would be needed. What are they doing? It implies
a heavy payload, and a heavy payload would be either
something dangerous, but in this case surveillance of some sort.
Speaker 2 (02:32):
Oh yes, the deep State is watching you. Investigations so
far though inconclusive, with the FBI now taking part. New
Jersey's Governess says there is no threat to the public
and this November was the second warmest in the world
on record, global temperatures averaging fourteen point one degrees, which
is quite pleasant really, even possibly a little chile, But
(02:53):
that's the average. Remember it's only just behind November last year,
which was eight degrees warmer. The result means twenty twenty
four will likely be the first year where the average
temperature is one point five degrees above pre industrial times.
Speaker 1 (03:07):
Get ahead of the headlines. Andrew Dickens on early edition
with Smith City, New Zealand's furniture beds and applying store
us Talk said be yes.
Speaker 2 (03:16):
It's nine after five. Chris Pink Chris Penk has come
out against building regulations that make insulation wildly expensive if
you're building or renovating. Chris Pink wants common sense over
the whole build rather than restrictive rules on individual elements. However,
he's backed down after pressure from the industry. Well, I mean,
no one wants to kill the goose that lays the
(03:37):
golden egg, do they. So here's a story for you.
Here's a building story.
Speaker 5 (03:41):
You'll love it.
Speaker 2 (03:41):
I have a mate who's recladding and renovating his house.
He wants to put in new windows. He has to
have double glazing. He's okay with that, it's nice. So
then he also has to have cracked adiuminium frames because
you need some air going through or as a room
feels like a sealed diving bell. Okay, or he's okay
with that, But these windows are getting more and more expensive.
And then he was told by his architect that the
(04:03):
window needs to be tinted to prevent excessive sun heat.
My friend had a look at the sample. It's ugly,
as he wants clear glass. He wants to see the
real colors of the garden. If the sun is too much,
he help pull the curtains. But no, guess what the
tinting is wildly expensive. So the architect says, when the
(04:26):
Council building expector comes along, they may approve the clear
glass windows if he put in the clear glass windows,
and so everything's sweet, But then again they may not,
and then tell you to rip all those clear windows
out and put the tints in, because that is the
rules and the regulations. And you wonder why it's so
expensive to build a New Zealand. I just want a
(04:47):
window with clear glass. They had clear glass windows in
Roman times two thousand years ago. That's all I want.
I don't want a tints. Richard Prebble noted in a
recent column that three hundred pages of the new regulations
were enacted in the last financial year ending June thirtieth,
and he said, and I quote, the Coalition is creating
(05:09):
red tape as fast as Labour ever did, including tinting windows.
So it's time for all governments to start walking their
talk and rationalizing the rules around daily life and New
Zealand before it becomes too expensive for any of us
to do anything. Chris Penk joins me in about ten
minutes time, it's eleven minutes after five. I'll have some
quick thoughts about the polls very shortly. But next Chris
(05:30):
An Mercrombie on what's happening with our sex ed curriculum.
Speaker 1 (05:35):
News and Views you trust to start your day. It's
early edition with Andrew Dickens and Smith City, New Zealand's
Furniture Beds and a Flying Store Youth Talk Sidby.
Speaker 2 (05:45):
So we had a couple of poles out yesterday and
the big views of both of them, the Courier and
the Varian is that yes, Actor is up after its
treaty debate, but also Yes to Party MILDI is also up.
So yes, you could say the treaty debate is helping
both the parties. But here's my question for you today
text ninety two ninety two Are treaty issues an election changer?
Are they a game changer? Because the Courier poll asks
(06:07):
what is the most important issue and top of the
vote at the moment, the cost of living topped the
poll twenty two point five percent, followed by the economy
at eighteen point eight percent, health at eleven point eight percent,
and treaty issues down at eight point four percent. So
is that making it a real election game changer? The
way ACT might hope and therefore you know, is Christopher
Luxen's attitude to stand back from the treaty issue a
(06:31):
good idea or not a good idea? Your thoughts? Ninety
two ninety two is the text number the Education Review officers.
Our relationship and sexual health teaching is inconsistent in different
schools at not meeting student needs. So they did another
one of these reports back in twenty eighteen and then
AERO found that schools were meeting minimum standards, but there
(06:52):
were gaps in what was taught. Those results have been
mirrored in today's report. I'm joined now to talk about
this by the PPTA president Chris abberc be good morning
to you.
Speaker 6 (07:01):
Good morning.
Speaker 2 (07:02):
So this is the second report to find that it's
a bit loose all over a nation. Why has nothing
being done about the curriculum.
Speaker 6 (07:09):
Well, this is an incredibly sensitive space for a lot
of people, and so as the report said, you know,
schools are under pressure, principles, under pressure from certain parts
of their community, and so it's incredibly sensitive issue. So
I think this hasn't been dealt with, but it's really
clear it needs to be.
Speaker 2 (07:25):
Yeah, I read the reporter. It says parents and students
want to learn earlier about personal safety. They're in friendships
and bullying. Our parents want students to learn more about consent.
Boys want to learn all topics later than girls. Fathers
want less of that relationship stuff and sexuality education taught
the mothers. So with so many points of view, isn't
it just impossible to write a curriculum that meets with
(07:47):
mass approval? So it should be in the hands of
these schools and not a national curriculum.
Speaker 6 (07:52):
Well, the problem at the moment is in the hands
of these schools and it's not meeting really anyone's needs.
Is The report said three quarters of recent school leavers
said they learn enough. So the idea of a national
curriculum is that everyone knows what's expected. Everyone's got a
clear understanding and what's happening. So parents could withdraw their
students if they chose to, or supplement the students are
learning if they chose to. So it's just giving one
(08:15):
a clear baseline.
Speaker 2 (08:16):
So is there any work going into a clear baseline
or are we going to end out dilly delling the
way we already have between twenty eighteen and now this
new report in twenty twenty four.
Speaker 6 (08:26):
My understanding, there's nothing on the horizon for this part
of the curriculum. So we're really hoping the government takes
on board these recommendations from er.
Speaker 2 (08:36):
Could it be too terrible, in me shock horror to
suggest that perhaps forget about the schools and maybe parents
should take this into their own hands.
Speaker 6 (08:43):
Well, I mean parents should absolutely have a key role
in this, and it's really important that parents understand that.
And it's a relationship between school and parents to get
this right. And so the report really clearly says that
some people want more, some people want less, and so
it's about just making sure everyone's got a clear baseline
so that parents can supplement, battle or remove these students
(09:03):
if they choose to.
Speaker 2 (09:04):
Chris Amercrobi, thanks for getting up early for us. Chris
is the PPTA president. Your thoughts ninety two ninety two.
It is seventeen minutes after five. We have another Chris
on the way, Chris Penk who took on the insulation industry.
The insulation industry fought back and then he backtracked, showing
you how difficult it's going to be to try and
reduce some of the regulation and some of the red
(09:27):
tape that's around the place. So we'll talk about this
with Chris pink In just a few moments time here
on news Talks.
Speaker 1 (09:31):
There be Andrew Dickens on early edition with Smith City,
New Zealand's furniture bedch and applying store news Talks.
Speaker 2 (09:39):
It'd be It's five twenty now. The latest qv House
price index has just come out at five o'clock this morning.
So this is hot off the press. Housing market on
track for its flattest calendar year in more than a decade.
Home values grew nationally by an averageere point three percent.
Your average home in New Zealand now worth nine hundred
and eight one hundred than seventy three dollars. My father
(10:01):
would be spinning in his grave. He bought a house
for twenty five grand. By the way, nine hundred and
eight thousand is zero point seven percent less than at
the same time last year. So is this the modest
beginning of a housing market's long the way to rebound world?
Speaker 6 (10:15):
Not quite.
Speaker 2 (10:16):
I think the weight might go on for longer. Andrew
Dickins five point twenty one. The government has backtracked and
decided not to roll back the new insulation standards that
were introduced last year. Construction Minister Chris Penk has announced
a review of the H one standards after this is
an insulation the H one standards. After reports came out
(10:38):
that told them that it may building a new house
cost forty to fifty thousand dollars more, there was backlash
from the industry. The ministry is now going to go
back to the standards and just make some slight changes
to them and trying to get everybody on board. Minister
for Building and Construction Chris Penk joins me, Now, hello.
Speaker 7 (10:55):
Chris Boring, and how are you good?
Speaker 2 (10:57):
It's going to be tough to actually to to fight
these regulations they seem ingrained.
Speaker 7 (11:03):
Well, I think the point is that we need a
sensible level of regulation. Usually that means we need less
red tape and green tape, but actually there are ways
that we can be sensible about the way that we
have people meet the requirements that actually can reduce costs.
But also that with that good result of a sensible
level of insulation. So I think we're going to end
up in a good space on this.
Speaker 2 (11:23):
But when you came along to the insulation industry and said, look,
this is crazy, we need to rationalize this, what did
they say back to you, Well, I mean, there.
Speaker 7 (11:31):
Are a number of different views out there, and certainly
for people who sell insulation for a living, obviously they
had a particular view. And so the advocates, who you know,
for all the right reasons and with got intentions, always
advocate for more insulation, not less as a mandated requirement,
but certainly for homeowners who are fed up with paying
massively increasing construction costs and those who are not homeowners
(11:54):
that would like to be and facing those areas. You know,
there was a interviews. I've taken those all into account,
and as I say, I think if we can, you know,
make everyone happy by having a good standard but ensuring
that to be meet in a way that more flexiboord
them have got currently, then everyone will be heavy.
Speaker 2 (12:12):
That's the word flexible. And I believe your attitude is
let's look at the entire building, let's look at the
whole thing rather than worrying about each individual component.
Speaker 7 (12:21):
Well, that's exactly right, and to be fair, the rules
do currently allow for that. And there is a modeling
method which is pretty much works down.
Speaker 8 (12:29):
But you can model what the missions are going to be,
and the usergy efficiency is kind of be taking the
building as a whole, and then you've got a calculation
this which is similar but a bit more basic.
Speaker 7 (12:41):
But the thing that we're getting or looking to get wrong,
and I should emphasize actually this public consultation now, but
certainly I'm interested in getting rid of a suital method,
which is a really proscriptive approach where the roof in
the walls in the form always to have a minimum
level of insulation, and it sort of locks you and
to have been you know, probably as a result that
(13:04):
that's more than is required in each of those components
in effought overall. And of course what that does is
pushing up the cost a lot. And it's before you
get into, you know, some of the concerns about kind
of lack of the equation.
Speaker 2 (13:16):
Yea, but it's going to be a tough war. Did
you see the Richard Prebble noted in a recent column
that there's two three hundred pages of new regulations enacted
in the last financial year end of June thirtieth, and
you were there. David Seymour has got a red tape
ministry that found out the other day that there's too
much red tape in their own red tape ministry. This
this is A. This is a this is a huge
(13:37):
problem for you to try and stamp out. It's like
I say, it's ingrained in our psyche. Regulate, regulate, regulate, regulate.
Speaker 7 (13:44):
Yeah, it is. You're You're absolutely right. It is ingrained
a little bit in the psyche, certainly in the Wellington
where I've headed now. And and you know the danger
is that we overregulate. Was the best of intention then
a little bit extra here, a little bit extra there.
You know, people say to me, Chris, it's a strip
fist funeral dollars on top of the house.
Speaker 8 (14:07):
Price for you.
Speaker 7 (14:08):
But it does become significant.
Speaker 2 (14:10):
How do you eat an elephant? Chris? How do you
eat an elephant? One bite at a time? And I
understand that, and I thank you so much for your time.
That is Chris Pink. This talks there B. It's five
twenty four, the early.
Speaker 1 (14:19):
Edition full show podcast on iHeartRadio powered by News Talks
at B.
Speaker 2 (14:25):
This looks at B. I'm Andrew Dickens. Wayne writes, Andrew,
how about parents actually parent and teach the social skills
and moral obligations and teachers do the job they're trained
to reading and writing. Ye, Wayne, I think I as
Sid Chris Abba Grombia, you might have heard that. Meanwhile,
someone wanted me to ask Chris Pink why he hasn't
built a bypass yet on State Highay sixteen, and to
(14:47):
cure me a very good question. Indeed, I want to
talk about the times when the media and the academia
are their worst enemy. This weekend Sunday Star Times published
a think piece of why Christopher Luxon is not popular
and he's not as popular as possibly he should be.
Yesterday's poll showed that Chris and the Sorry Christopher and
the National Party should be better actors mopping up the Conservatives.
(15:09):
Unhappy with Nashville anyway, So the Sunday Star Times interviewed
UNI professors and their typewriters, and the article came up
with answers like no one likes anyone who demands to
be called Christopher, and one professor even speculated that New
Zealanders have a funny attitude towards bald people. Apparently we
don't like them. Could someone tell Monty beat them that?
I thought the Sunday Star Times were plucking at straws
(15:31):
there and the Nationals and Luxe's lack of popularity, I
can tell you why it's called the economy stupid. That's
what everything is about. These are tough times. We always
blame the sitting government no matter what they inherited. But
I would add that mister Luxeon has not made it
easy for himself when he inherited our damaged economy. The
(15:53):
Reserve Bank was already acting on inflation through interest rate hikes.
That is the most effective lever. Squeezing private debt in
the economy is the fastest thing way to slow things down.
Private debts huge, much bigger than government debt, so that works.
But the National Coalition then came in and kept on
(16:14):
with their cost of living crisis solution, which was tax
cuts and government spending crackdowns and layoffs. So what we
had was our country having a two pronged attack on inflation,
cost of living, and the economy. None of the solutions
made life better in the short term. It has made
everything worse. So all the people who are collateral damage
(16:34):
believe this government are monsters. And all the people not
affected who can see how this austerity, perhaps austerity overkill,
will be good for the economy and the country in
the medium and long term, they'll be thinking mister Luxeant
and his team are heroes. So here's the thing. The
(16:54):
government will be hoping that by the time the only
pole that counts comes round in twenty twenty sive the election,
that more voters will view them as heroes and not
as monsters Dickens. So it's twenty nine by the way.
By the way, can I actually add more to that.
The last time we actually tried to raise interest rates
(17:15):
and also have austerity was back in the nineties when
Tom Brash was the governor raised the interest rates at
the Reserve Bank. Ruth Richardson gave us the mother of
all budgets. By the way, Ruth lasted less than three
years after that, and she is not remember fondly despite
all the good that the austerity did back then, and
that I think is a slight warning for the mister Lux's. Hey,
we're off to Australia shortly. Donna Demao is here. We
(17:37):
got news next. This is News Talks here, b I'm
Andrew Dickens.
Speaker 1 (17:40):
Good morning, the news you need this morning and the
in depth analysis early edition with Andrew Dickens and Smith
City New Zealand's furniture bids and applying store News Talk said, be.
Speaker 2 (17:54):
Good morning, welcome back to the program the tenth of December.
I'm Andrew Dickens. So there's been three recent anti Semitic
attacks at Australia. There's been an attack on a synagogue
in Rippingley, an attack on a Jewish labor MP's electorate
office and an incident in Sydney where a car was torched.
And so now President, sorry President Prime Minister Anthony Alberisi
has come up with an idea. Ton de Mayo will
(18:14):
tell us about that idea very shortly. So the fella,
the fella who wrote the piece that said or made
the quote that said that Christopher Luxon demanding to be
called Christopher makes him less likable to New Zealand as
is a guy called Mark and he's a student, he's
an a lecturer at a university. Lee has sent me
(18:36):
a text and said, I have never heard such nonsense
in my life. If his name is Christopher and he
wants to be called Christopher, what's that got to do
with anybody else? My son is called Daniel. He does
not want to be called Danny, so why not call
him Daniel? And I know, and I understand because my
name is Andrew and it is well known that I
(18:56):
hate being called Andy. You call kids, and he called
it children. Andy. You can call me Andrew, thank you
very much. I've always been Andrew. I've said this on
air before and now everybody who doesn't like me always
sends me a text or an email and it starts
with hello Andy, and knowing that it bugs me, but
it doesn't really bug me anymore. But yeah, I like
to be called Andrew, thank you very much. I have
no problem with Christopher being called Christopher, which is why
(19:18):
I had problems with that article in the Sunday Star
Times Andrew Dickens. See he said Andrew, didn't he It's
twenty two to six has to go around the nation.
Calum Productive from Dunedin.
Speaker 9 (19:29):
Hell they morning, Andrew loving it.
Speaker 2 (19:35):
Tell me about the new pedestrian crossings in Dunedin.
Speaker 9 (19:38):
Yeah, a couple of new rainbow crossings proposed for the
city are being finalized by counselors today, so we'll know
whether they get to go ahead. They're proposed to be
painted in prominent areas in the central city, one on
George Street, the other nearby on Lower Stuart Street. These
designs were developed by local artists. They say that it
will depict how diverse strands of the Rainbourg community buying
(19:59):
together to bring strength. If these are approved, the crossings
will have to be accommodated within and already existing one
and a half million dollar Bath Street upgrade budget.
Speaker 2 (20:09):
Very good. How's your weather?
Speaker 9 (20:11):
I mainly find that some shells developed this afternoon, some
possibly heavy Dunedin's high twenty two today.
Speaker 2 (20:15):
Great soulf Calum, give my love to Patrina. Jamie Cunningham
now joins me from christ Church. Hell Allo Jamie. Morning
so christiach city councilors talking about rates? Are they going
to reduce them?
Speaker 10 (20:26):
Well, we're not sure yet, but there's calls for some
caution ahead of today's rates discussion. As direction of the
next annual plan is set. Staff have recommended an eight
point four percent rise or a five dollars and ninety
five cents weekly increase in the annual Plan twenty twenty
five to twenty six. Projects such as Takaha Stadium will
be completed within this plan's time frame. Mia Fum Major
(20:48):
says the recommendations are too high, with councilors likely to
add little items to the plan this week. Major says
it gets out of control when you start adding multiple
things together and the council needs to show restraint.
Speaker 2 (21:00):
Very good. How's your with her?
Speaker 10 (21:02):
It's another fine day down here with Westerly's turning northerly
this morning and a high of twenty five.
Speaker 2 (21:07):
It was twenty eight yesterday, wasn't it. It was quite
a hot day yesterday.
Speaker 10 (21:10):
Yes, yeah, yeah, I think yeah, around twenty eight. Yeah,
it's been great all week.
Speaker 2 (21:15):
Okay, I thank you. Max Toll from Wellington where the
weather's not quite so good. Hello, Max, Good morning, mister Dickens. Oh,
mister Dickens. Now we're getting very formal all right. Now
you've got more hospitality closures.
Speaker 5 (21:28):
Yeah, both sort of cool, trendy places that locals speak
very highly of. We had the exclusive yesterday about this
place called Myrtle Bakery on Kent Terrace, very close to
the Embassy Cinema. Highly regarded. In fact, last week it
was named best bakery in the city at the local
Hospital Awards. They've run into some issues with their landlord,
but at this point they're not looking to reopen anywhere else.
(21:51):
And this morning we've also got the story about Mabel's,
a Burmese restaurant literally just opposite our building on Tory
Street that's been running since the start of twenty twenty two.
No reason given for them closing, but earlier this year
they did talk. Their owner talked about the issue of
rising costs, the unpredictable nature of the industry and just
going back to myrtle though a real dearth emerging in
(22:13):
terms of bakeries in the capital. This year also brought
the closure of the Bordeaux and Pandoro Cafes bakeries, of
which there were three each. Tough work in hospitality at
the moment.
Speaker 2 (22:23):
All right, how's your weather should be?
Speaker 5 (22:25):
Mainly fine? Northerlys twenty the high in the CBD, Thank.
Speaker 2 (22:29):
You so much, Maxidus nineteen to six. Good morning, neither
letten many.
Speaker 11 (22:32):
Good morning.
Speaker 2 (22:33):
So there's a bridge down and when you're quarter that
broke that bridge? Yes, apparently it might reopen this week.
Speaker 11 (22:38):
Yes, could reopen, that's the keyword. Could, let's hope. So
particularly for all those businesses who you know it's been
tough for them since it closed, or you know it
was forced to close back in March, so what we know,
and for those outside of Auckland, just to refresh your
memory that this bridge can accept. Area with the viaduct
has been closed since March for repairs and it's twenty
(23:00):
minute walk so Auckland Council's Property management arm Ekipanuku is
hoping to reopen it by Friday now apparently initially it'll
open between seven thirty am and eleven thirty pm. This
is to test how it operates in live conditions. There's
been about one hundred and forty thousand people. They've jumped
on board that fairy because remember they put the ferry
(23:21):
in and that's been you're not talking what's going on?
Speaker 2 (23:24):
Oh I'm grumping and fuming about that bridge. Oh I
know that bridge was a temporary bridge. There was a
better plan for a much more permanent and more more
sturdy bridge business back during the Rugby World Cup twenty eleven,
but we didn't do it. We did a cheap we
put in a temporary bridge, saying oh, we'll do it later,
and then they went, oh no, let's just keep on
maintaining it so it never to be. The costs blowout,
it never to be, and now we spend tens of
(23:45):
millions to fix it up and now we're going to
get a new bridge. No, we're just going to keep
on fixing the old temporary full down bridge.
Speaker 11 (23:51):
So fingers crossed that it does open on Friday. That's
all I've got to say, especially for those businesses. I mean,
you know our reporters here, they've been speaking to the
Conservatory bar and restaurant director Tricky Hartly. You know their
revenue's been down sixteen percent.
Speaker 2 (24:03):
Shocking, shocking. How's our weather showers.
Speaker 11 (24:06):
Clearing early morning, fight spells increasing this afternoon high twenty
one be caller for us here in Auckland today.
Speaker 2 (24:11):
That's why you're wearing a lead the jacket. I thought
it's about fourteen degrees, but I can hear it creaking
when you're reading the New York Yeah, can you really
a kid?
Speaker 1 (24:23):
New Souls you've been international correspondence with ends and eye insurance,
peace of mind for New Zealand business.
Speaker 2 (24:30):
At the court of the Section of Donna Toneyo joins me, Hello, Donna,
good morning.
Speaker 6 (24:34):
How are you.
Speaker 2 (24:35):
I'm very good. So we've had three attacks on Jewish
targets in Australia. So Anthony Albanezi has come up with
an idea what is.
Speaker 12 (24:42):
It the Australian Federal Police Task Force and now this
is going to investigate these recent incidents of which you
speak of anti Semitism. Now there's been an arson attack
at a synagogue in Melbourne. That's the most recent incident.
Three suspects are now being hunted over what is being
described as a suspect did terror incident.
Speaker 13 (25:01):
That's how police are describing it.
Speaker 6 (25:03):
Now.
Speaker 12 (25:03):
The task course will be called Operation Avalite and its
prime objective is to combat anti Semitism. The Prime Minister
reference the task force and introducing that and putting that together.
Now these three recent attacks. Also, besides the attack on
the synagogue, there was an attack on Jewish labor MP
Josh Bourne's electoral office and also the third incident, a
(25:26):
car was torched and buildings vandalized with anti Israeli messages
Israel message sorry. In Sydney, the AFP Commissioner, Reese Kershaw
says police will have expanded powers to investigate, made up
of a squad of twenty one counter terrorism investigators who
will focus on threats and violence and hatred. We also
(25:47):
heard from the Commissioner saying that unfortunately today those of
Jewish ethnicity or religion are being targeted because of who
they are. This is a crime and this needs to stop.
Speaker 6 (25:57):
He said.
Speaker 12 (25:57):
The AFP will not tolerate crimes at undermine Australia's security
or way of life.
Speaker 2 (26:02):
Okay, I've been looking up whatever Light means, because that's
an operations name, and Everlight was a city in Somalia,
and otherwise it's quite it's it's quite a very obtuse
name for a task for so don't you think you know?
Speaker 12 (26:16):
Also I looked it up and I didn't get very
far either in regard to trying to figure out why
it's called.
Speaker 2 (26:22):
That strange stuff. Let's go to Melbourne. The university there
has to replace seventy two million dollars to staff.
Speaker 12 (26:29):
Why well, this is one of Australia's top universities and
the Fair Work Commitsman has made this order because it well,
the institution admitted to underpaying quite a number of academics.
It impacted more than twenty five thousand staff over a
decade and it's been called unlawful conduct. Now, there was
(26:51):
a legal action which has been dropped against the university
by the Ombudsman. This action is the legal action and
began in twenty twenty three. So that's been dropped now.
But that's a hefty amount I have to pay back.
It was over about ten years from twenty fourteen right
through to twenty twenty four these underpayments happened, and it
happened across all faculties and campuses, and the union says, well,
(27:15):
at least it finally brings justice to all the staff
that were impacted.
Speaker 2 (27:19):
Dona, thank you for your time. It is now twelve
to six Andrew dickens. So we've got an update to
the banking environment in New Zealand the government is looking
to inject Kiwi Bank with five hundred million dollars in
capital to i quote disrupt the status quote kie Weibank's
parent company, Kiwi Group Capital and Treasury have been instructed
(27:40):
to talk to potential investors, but the government has ruled
off actually selling its Kii bang chaares to the public.
And IPO massive university banking expert Clear Matthews joins me. Now,
hello Clear Marianna.
Speaker 14 (27:52):
Andrew, So, good move. It's an interesting move. It's not up,
it's not an unexpected move. It's where it's going to
really make a difference as something that we will wait
to see.
Speaker 2 (28:06):
Well, that's a nothing answer. And why did you cackle?
Speaker 14 (28:12):
Because the government is pushing us very much as it's
going to make a huge difference to competition, and I'm
struggling to see that it really will make that much
of a.
Speaker 2 (28:20):
Difference, because it's just an extra five hundred million dollars
on the balance sheet, which won't when you're competing with
other banks that have billions and billions and billions.
Speaker 14 (28:29):
Yeah, I mean, five hundred million is obviously not a
small amount of money. But the government has indicated that
we'll enable it to do four billion dollars worth of
business leaning or ten billion dollars of home lending. And
at the moment, the banks between them have've got a
total of just under four hundred or around four hundred
and ninety billion dollars worth of leanding. So that amount
(28:50):
of additional leanding is really quite a drop in the bucket,
and you've got a question how much of a difference
that can make to the competitive environment.
Speaker 2 (28:58):
Okay, now, the left, let let's talk another part to it.
The left is squealing that this is a part privatization,
which I think is true. This is not taxpayers money,
broadening the capital base, but don't appeal to private investors.
So will this appeal to those private investors to invest.
Speaker 14 (29:15):
You'd really have to ask the private investors. It's going
to depend on the conditions and the terms associated with
the issue of the capital. What return are they going
to get? What are the options associated with that. One
of the key things is it does appear.
Speaker 6 (29:30):
To be.
Speaker 14 (29:32):
What they call a put option, so the investors are
going to have the right to sell those shares back
to the government as a proposed IPO doesn't go ahead,
so they're talking about making an IPO whereby the public
could buy shares. I think the public would have an
interest in buying shares where that private investors would. But
if they know that they're going to be able to
(29:53):
get rid of them in a couple of years time,
either to the government or to private investors, then maybe
that's attractive. But it will depend on the terms exactly,
and they may be able to lock in some really
good terms that which case you've got to say, is
that good for the government?
Speaker 2 (30:08):
Well, leaving out that IPO is interesting, they say it's
because of technical reasons that they haven't finished the computerization
of kiwibank or something like that, so the IPO couldn't
happen until twenty twenty eight, So is that actually smart?
Was that forced by necessity? And the fact is, no
one is going to invest in some shares in five
hundred million dollars of extra capital if they can't on
(30:29):
sell at a later date at a market price and
not to a government.
Speaker 14 (30:35):
I know, they might be happy to have a guarantee
that they can sell back to the government. So that
doesn't necessarily mean that they have to be able to
sell to the public, but they do want to be
able to sell because they don't want to be stuck
with them. I personally don't understand why they have to
complete the digital change over in order to do the IPO,
but you know, maybe there's something I'm missing there. But
(30:57):
investors want to have a way out. They so the
government might be happy to have no way out, but
for investors, they need to be able to know that
if the time comes and they want to sell the
shares for some reason, they've got to be able to
do that.
Speaker 6 (31:11):
Okay.
Speaker 2 (31:12):
In your opinion, is our banking environment does it need
a revamp? Because this is a common talking point, and
yet we have many bangs. We have competition, They are
running businesses, their margins are not excessive.
Speaker 14 (31:28):
Well, that's the problem. Some people think they are excessive.
It's just that they make large amounts of money and
it sounds terrible because it sounds like they're making all
this money off New Zealanders, but in reality they need
to make a return because if they're not making a
satisfactory return for the capital that they've got investors, they're
not going to continue to operate. And they do spend
a lot of money in New Zealand as well as
(31:49):
those operations in terms of the profits they're making, they
spend a lot of money to make that and most
of that comes into the New Zealand economy.
Speaker 2 (31:56):
Thank you so much, Claire, doctor Claire Matthews, who is
the Associate Professor Banking at Massy University. And remember these
are not Australian banks. In fact, the Australian banks have
owners as well. There's always a bigger fish. As they
said in Star Wars, it is seven minutes to six
News Talks. He'll be Heather's in in a moment.
Speaker 1 (32:16):
The first Word on the News of the Day Early
edition with Andrew Dickens and Smith City, New Zealand's Furniture
Beds and Appliant Store. You talk saidy had.
Speaker 2 (32:26):
The duc Allen is here after six o'clock this morning,
and she will have the Prime Minister Christopher Luxem.
Speaker 13 (32:33):
He's dropped that though, hasn't he. I think he's he's
trying to switch, see. I think he started switching to
the Chris Luxon, but unfortunately the Christopher Luxeon's already stuck
an Atte.
Speaker 2 (32:41):
He said it. Once you say it once, you know
one goat it just sticks, you know, so's he said it.
It's not an issue for me. I'm an Andrew. I
don't ever call me and Andy. And I've said that,
why because Andy's what a child is called. Whe is
a kid's name? Andy?
Speaker 6 (32:54):
Hey?
Speaker 2 (32:54):
Andy? How are you scratch you on the head? What's
Barry's real name?
Speaker 13 (32:57):
Barry?
Speaker 2 (32:58):
Really? Yeah, he's not barr Rington. Barrington sober no. If
he was Barrington, that would be a better name for
a political editor.
Speaker 9 (33:05):
Well, I think it.
Speaker 13 (33:05):
Would name to a human, frankly.
Speaker 2 (33:07):
Sir Barrington sober no.
Speaker 13 (33:09):
But but Andrew, hang, I reckon that this shows that
there's some emotion. You've got some emotional blocks going on here.
Speaker 2 (33:15):
Because yeah, oh no, what about Andrew?
Speaker 13 (33:18):
Yeah, because somebody referring to you by a nickname is
a form of endearment. It means that they really like you.
What you're doing is you're creating an emotional distance between
yourself and the people around you.
Speaker 2 (33:27):
I as show you my texters. Yeah, who now know
the secret?
Speaker 6 (33:30):
Yeah?
Speaker 2 (33:30):
If they don't like me, what are you talking about?
And it's just an excellent needle.
Speaker 13 (33:36):
I think it's nice. I think it's nice to have nicknames.
I reckon Christeny's. In fact, I think I think he
needs to lean into it. Although on that subject, because
you were talking about that article that came out at
the weekend, apparently baldness is a superpower.
Speaker 2 (33:47):
Which I quite enjoyed. M Steve wrote to me this morning. Morning, Andrew,
I do think Laxon's shaved head is a turn off?
Speaker 13 (33:55):
Yeah, because I well there's something, there's something kind of
a little but it's because it's shiny.
Speaker 2 (34:00):
We talked about how from there tell the rock there.
Speaker 13 (34:03):
Yeah, but they're not running for prime minister, are they.
They're doing it for aerodynamic reasons, aren't they.
Speaker 2 (34:08):
It's going to be a great shape. Christopher Lexon here
do and producer Leo, thank you so very much for
My name is Andrew Dickens Kiss what I'm going to
be back again tomorrow, I think.
Speaker 1 (34:20):
Listen for more from Early Edition with Ryan Bridge, Listen
live to News Talks it Be from five am weekdays,
or follow the podcast on iHeartRadio
The issues, the interviews, the lists and the inside. Andrew
Dickens on the early edition with Smith City, New Zealand's
furniture Beds and apply at store us Dogs.
Speaker 2 (00:15):
It'd be hey, good morning to you, welcome to the program.
Welcome to you Tuesday. My name is Andrew Dickins. Thank
you for choosing us on the program today. Our sex
ed curriculum is loose and variable and not fit for
purpose according to Ero, do we need to do something
about it? The PPTA president Chris Abbitt promby while on
this in just moments Chris penk he's at war with
(00:37):
the insulation industry as he tries to make building cheaper.
So the minister is going to join us shortly and
can we bank needs more money and the government is
allowing them to find it. So is this going to
work for competition? What is Operation Avelaite in Australia. Donad
Demayo joins me just after five thirty and we have
Massi University banking expert Claire Matthews joining us just before six.
(00:58):
It is Tuesday, the tenth of December. You can text
me on ninety two ninety two. You can email Dickens
at newstoroks at b dot co dot MZ.
Speaker 1 (01:06):
The agenda.
Speaker 2 (01:08):
So Syrian president batshah Al Assad and his family have
been granted asylum in Moscow after fleeing the country. Some
people were trying to say that his plane crash yesterday,
but obviously it didn't. He arrived. Meanwhile, in Syria, the
leader of the rebel group HTS has talked about his
plan for leading the country.
Speaker 3 (01:27):
We're not talking about rule by individuals or personal wins.
It's about institutional governance. Syria deserves a governing system that
is institutional, not one where a single ruler makes arbitrary decisions.
Speaker 2 (01:40):
So the United States says, okay, we'll work with all
groups in Syria, despite cause HTS being designated a terrorist
entity by the US. I think we're in a wait
and see, don't you think. South Korea's president has been
banned from leaving the country while he's under investigation for
invoking martial law. His name is Yun Zuk Yol, and
he's been named as a suspect multiple charges, including treason
(02:02):
to America and authorities in New York and New Jersey
investigating multiple sightings of large drones flying over the States
over the past weeks, and some of these drones have
fallen over as recently as yesterday.
Speaker 4 (02:15):
When you see something of this capacity, you wonder why
it would be needed. What are they doing? It implies
a heavy payload, and a heavy payload would be either
something dangerous, but in this case surveillance of some sort.
Speaker 2 (02:32):
Oh yes, the deep State is watching you. Investigations so
far though inconclusive, with the FBI now taking part. New
Jersey's Governess says there is no threat to the public
and this November was the second warmest in the world
on record, global temperatures averaging fourteen point one degrees, which
is quite pleasant really, even possibly a little chile, But
(02:53):
that's the average. Remember it's only just behind November last year,
which was eight degrees warmer. The result means twenty twenty
four will likely be the first year where the average
temperature is one point five degrees above pre industrial times.
Speaker 1 (03:07):
Get ahead of the headlines. Andrew Dickens on early edition
with Smith City, New Zealand's furniture beds and applying store
us Talk said be yes.
Speaker 2 (03:16):
It's nine after five. Chris Pink Chris Penk has come
out against building regulations that make insulation wildly expensive if
you're building or renovating. Chris Pink wants common sense over
the whole build rather than restrictive rules on individual elements. However,
he's backed down after pressure from the industry. Well, I mean,
no one wants to kill the goose that lays the
(03:37):
golden egg, do they. So here's a story for you.
Here's a building story.
Speaker 5 (03:41):
You'll love it.
Speaker 2 (03:41):
I have a mate who's recladding and renovating his house.
He wants to put in new windows. He has to
have double glazing. He's okay with that, it's nice. So
then he also has to have cracked adiuminium frames because
you need some air going through or as a room
feels like a sealed diving bell. Okay, or he's okay
with that, But these windows are getting more and more expensive.
And then he was told by his architect that the
(04:03):
window needs to be tinted to prevent excessive sun heat.
My friend had a look at the sample. It's ugly,
as he wants clear glass. He wants to see the
real colors of the garden. If the sun is too much,
he help pull the curtains. But no, guess what the
tinting is wildly expensive. So the architect says, when the
(04:26):
Council building expector comes along, they may approve the clear
glass windows if he put in the clear glass windows,
and so everything's sweet, But then again they may not,
and then tell you to rip all those clear windows
out and put the tints in, because that is the
rules and the regulations. And you wonder why it's so
expensive to build a New Zealand. I just want a
(04:47):
window with clear glass. They had clear glass windows in
Roman times two thousand years ago. That's all I want.
I don't want a tints. Richard Prebble noted in a
recent column that three hundred pages of the new regulations
were enacted in the last financial year ending June thirtieth,
and he said, and I quote, the Coalition is creating
(05:09):
red tape as fast as Labour ever did, including tinting windows.
So it's time for all governments to start walking their
talk and rationalizing the rules around daily life and New
Zealand before it becomes too expensive for any of us
to do anything. Chris Penk joins me in about ten
minutes time, it's eleven minutes after five. I'll have some
quick thoughts about the polls very shortly. But next Chris
(05:30):
An Mercrombie on what's happening with our sex ed curriculum.
Speaker 1 (05:35):
News and Views you trust to start your day. It's
early edition with Andrew Dickens and Smith City, New Zealand's
Furniture Beds and a Flying Store Youth Talk Sidby.
Speaker 2 (05:45):
So we had a couple of poles out yesterday and
the big views of both of them, the Courier and
the Varian is that yes, Actor is up after its
treaty debate, but also Yes to Party MILDI is also up.
So yes, you could say the treaty debate is helping
both the parties. But here's my question for you today
text ninety two ninety two Are treaty issues an election changer?
Are they a game changer? Because the Courier poll asks
(06:07):
what is the most important issue and top of the
vote at the moment, the cost of living topped the
poll twenty two point five percent, followed by the economy
at eighteen point eight percent, health at eleven point eight percent,
and treaty issues down at eight point four percent. So
is that making it a real election game changer? The
way ACT might hope and therefore you know, is Christopher
Luxen's attitude to stand back from the treaty issue a
(06:31):
good idea or not a good idea? Your thoughts? Ninety
two ninety two is the text number the Education Review officers.
Our relationship and sexual health teaching is inconsistent in different
schools at not meeting student needs. So they did another
one of these reports back in twenty eighteen and then
AERO found that schools were meeting minimum standards, but there
(06:52):
were gaps in what was taught. Those results have been
mirrored in today's report. I'm joined now to talk about
this by the PPTA president Chris abberc be good morning
to you.
Speaker 6 (07:01):
Good morning.
Speaker 2 (07:02):
So this is the second report to find that it's
a bit loose all over a nation. Why has nothing
being done about the curriculum.
Speaker 6 (07:09):
Well, this is an incredibly sensitive space for a lot
of people, and so as the report said, you know,
schools are under pressure, principles, under pressure from certain parts
of their community, and so it's incredibly sensitive issue. So
I think this hasn't been dealt with, but it's really
clear it needs to be.
Speaker 2 (07:25):
Yeah, I read the reporter. It says parents and students
want to learn earlier about personal safety. They're in friendships
and bullying. Our parents want students to learn more about consent.
Boys want to learn all topics later than girls. Fathers
want less of that relationship stuff and sexuality education taught
the mothers. So with so many points of view, isn't
it just impossible to write a curriculum that meets with
(07:47):
mass approval? So it should be in the hands of
these schools and not a national curriculum.
Speaker 6 (07:52):
Well, the problem at the moment is in the hands
of these schools and it's not meeting really anyone's needs.
Is The report said three quarters of recent school leavers
said they learn enough. So the idea of a national
curriculum is that everyone knows what's expected. Everyone's got a
clear understanding and what's happening. So parents could withdraw their
students if they chose to, or supplement the students are
learning if they chose to. So it's just giving one
(08:15):
a clear baseline.
Speaker 2 (08:16):
So is there any work going into a clear baseline
or are we going to end out dilly delling the
way we already have between twenty eighteen and now this
new report in twenty twenty four.
Speaker 6 (08:26):
My understanding, there's nothing on the horizon for this part
of the curriculum. So we're really hoping the government takes
on board these recommendations from er.
Speaker 2 (08:36):
Could it be too terrible, in me shock horror to
suggest that perhaps forget about the schools and maybe parents
should take this into their own hands.
Speaker 6 (08:43):
Well, I mean parents should absolutely have a key role
in this, and it's really important that parents understand that.
And it's a relationship between school and parents to get
this right. And so the report really clearly says that
some people want more, some people want less, and so
it's about just making sure everyone's got a clear baseline
so that parents can supplement, battle or remove these students
(09:03):
if they choose to.
Speaker 2 (09:04):
Chris Amercrobi, thanks for getting up early for us. Chris
is the PPTA president. Your thoughts ninety two ninety two.
It is seventeen minutes after five. We have another Chris
on the way, Chris Penk who took on the insulation industry.
The insulation industry fought back and then he backtracked, showing
you how difficult it's going to be to try and
reduce some of the regulation and some of the red
(09:27):
tape that's around the place. So we'll talk about this
with Chris pink In just a few moments time here
on news Talks.
Speaker 1 (09:31):
There be Andrew Dickens on early edition with Smith City,
New Zealand's furniture bedch and applying store news Talks.
Speaker 2 (09:39):
It'd be It's five twenty now. The latest qv House
price index has just come out at five o'clock this morning.
So this is hot off the press. Housing market on
track for its flattest calendar year in more than a decade.
Home values grew nationally by an averageere point three percent.
Your average home in New Zealand now worth nine hundred
and eight one hundred than seventy three dollars. My father
(10:01):
would be spinning in his grave. He bought a house
for twenty five grand. By the way, nine hundred and
eight thousand is zero point seven percent less than at
the same time last year. So is this the modest
beginning of a housing market's long the way to rebound world?
Speaker 6 (10:15):
Not quite.
Speaker 2 (10:16):
I think the weight might go on for longer. Andrew
Dickins five point twenty one. The government has backtracked and
decided not to roll back the new insulation standards that
were introduced last year. Construction Minister Chris Penk has announced
a review of the H one standards after this is
an insulation the H one standards. After reports came out
(10:38):
that told them that it may building a new house
cost forty to fifty thousand dollars more, there was backlash
from the industry. The ministry is now going to go
back to the standards and just make some slight changes
to them and trying to get everybody on board. Minister
for Building and Construction Chris Penk joins me, Now, hello.
Speaker 7 (10:55):
Chris Boring, and how are you good?
Speaker 2 (10:57):
It's going to be tough to actually to to fight
these regulations they seem ingrained.
Speaker 7 (11:03):
Well, I think the point is that we need a
sensible level of regulation. Usually that means we need less
red tape and green tape, but actually there are ways
that we can be sensible about the way that we
have people meet the requirements that actually can reduce costs.
But also that with that good result of a sensible
level of insulation. So I think we're going to end
up in a good space on this.
Speaker 2 (11:23):
But when you came along to the insulation industry and said, look,
this is crazy, we need to rationalize this, what did
they say back to you, Well, I mean, there.
Speaker 7 (11:31):
Are a number of different views out there, and certainly
for people who sell insulation for a living, obviously they
had a particular view. And so the advocates, who you know,
for all the right reasons and with got intentions, always
advocate for more insulation, not less as a mandated requirement,
but certainly for homeowners who are fed up with paying
massively increasing construction costs and those who are not homeowners
(11:54):
that would like to be and facing those areas. You know,
there was a interviews. I've taken those all into account,
and as I say, I think if we can, you know,
make everyone happy by having a good standard but ensuring
that to be meet in a way that more flexiboord
them have got currently, then everyone will be heavy.
Speaker 2 (12:12):
That's the word flexible. And I believe your attitude is
let's look at the entire building, let's look at the
whole thing rather than worrying about each individual component.
Speaker 7 (12:21):
Well, that's exactly right, and to be fair, the rules
do currently allow for that. And there is a modeling
method which is pretty much works down.
Speaker 8 (12:29):
But you can model what the missions are going to be,
and the usergy efficiency is kind of be taking the
building as a whole, and then you've got a calculation
this which is similar but a bit more basic.
Speaker 7 (12:41):
But the thing that we're getting or looking to get wrong,
and I should emphasize actually this public consultation now, but
certainly I'm interested in getting rid of a suital method,
which is a really proscriptive approach where the roof in
the walls in the form always to have a minimum
level of insulation, and it sort of locks you and
to have been you know, probably as a result that
(13:04):
that's more than is required in each of those components
in effought overall. And of course what that does is
pushing up the cost a lot. And it's before you
get into, you know, some of the concerns about kind
of lack of the equation.
Speaker 2 (13:16):
Yea, but it's going to be a tough war. Did
you see the Richard Prebble noted in a recent column
that there's two three hundred pages of new regulations enacted
in the last financial year end of June thirtieth, and
you were there. David Seymour has got a red tape
ministry that found out the other day that there's too
much red tape in their own red tape ministry. This
this is A. This is a this is a huge
(13:37):
problem for you to try and stamp out. It's like
I say, it's ingrained in our psyche. Regulate, regulate, regulate, regulate.
Speaker 7 (13:44):
Yeah, it is. You're You're absolutely right. It is ingrained
a little bit in the psyche, certainly in the Wellington
where I've headed now. And and you know the danger
is that we overregulate. Was the best of intention then
a little bit extra here, a little bit extra there.
You know, people say to me, Chris, it's a strip
fist funeral dollars on top of the house.
Speaker 8 (14:07):
Price for you.
Speaker 7 (14:08):
But it does become significant.
Speaker 2 (14:10):
How do you eat an elephant? Chris? How do you
eat an elephant? One bite at a time? And I
understand that, and I thank you so much for your time.
That is Chris Pink. This talks there B. It's five
twenty four, the early.
Speaker 1 (14:19):
Edition full show podcast on iHeartRadio powered by News Talks
at B.
Speaker 2 (14:25):
This looks at B. I'm Andrew Dickens. Wayne writes, Andrew,
how about parents actually parent and teach the social skills
and moral obligations and teachers do the job they're trained
to reading and writing. Ye, Wayne, I think I as
Sid Chris Abba Grombia, you might have heard that. Meanwhile,
someone wanted me to ask Chris Pink why he hasn't
built a bypass yet on State Highay sixteen, and to
(14:47):
cure me a very good question. Indeed, I want to
talk about the times when the media and the academia
are their worst enemy. This weekend Sunday Star Times published
a think piece of why Christopher Luxon is not popular
and he's not as popular as possibly he should be.
Yesterday's poll showed that Chris and the Sorry Christopher and
the National Party should be better actors mopping up the Conservatives.
(15:09):
Unhappy with Nashville anyway, So the Sunday Star Times interviewed
UNI professors and their typewriters, and the article came up
with answers like no one likes anyone who demands to
be called Christopher, and one professor even speculated that New
Zealanders have a funny attitude towards bald people. Apparently we
don't like them. Could someone tell Monty beat them that?
I thought the Sunday Star Times were plucking at straws
(15:31):
there and the Nationals and Luxe's lack of popularity, I
can tell you why it's called the economy stupid. That's
what everything is about. These are tough times. We always
blame the sitting government no matter what they inherited. But
I would add that mister Luxeon has not made it
easy for himself when he inherited our damaged economy. The
(15:53):
Reserve Bank was already acting on inflation through interest rate hikes.
That is the most effective lever. Squeezing private debt in
the economy is the fastest thing way to slow things down.
Private debts huge, much bigger than government debt, so that works.
But the National Coalition then came in and kept on
(16:14):
with their cost of living crisis solution, which was tax
cuts and government spending crackdowns and layoffs. So what we
had was our country having a two pronged attack on inflation,
cost of living, and the economy. None of the solutions
made life better in the short term. It has made
everything worse. So all the people who are collateral damage
(16:34):
believe this government are monsters. And all the people not
affected who can see how this austerity, perhaps austerity overkill,
will be good for the economy and the country in
the medium and long term, they'll be thinking mister Luxeant
and his team are heroes. So here's the thing. The
(16:54):
government will be hoping that by the time the only
pole that counts comes round in twenty twenty sive the election,
that more voters will view them as heroes and not
as monsters Dickens. So it's twenty nine by the way.
By the way, can I actually add more to that.
The last time we actually tried to raise interest rates
(17:15):
and also have austerity was back in the nineties when
Tom Brash was the governor raised the interest rates at
the Reserve Bank. Ruth Richardson gave us the mother of
all budgets. By the way, Ruth lasted less than three
years after that, and she is not remember fondly despite
all the good that the austerity did back then, and
that I think is a slight warning for the mister Lux's. Hey,
we're off to Australia shortly. Donna Demao is here. We
(17:37):
got news next. This is News Talks here, b I'm
Andrew Dickens.
Speaker 1 (17:40):
Good morning, the news you need this morning and the
in depth analysis early edition with Andrew Dickens and Smith
City New Zealand's furniture bids and applying store News Talk said, be.
Speaker 2 (17:54):
Good morning, welcome back to the program the tenth of December.
I'm Andrew Dickens. So there's been three recent anti Semitic
attacks at Australia. There's been an attack on a synagogue
in Rippingley, an attack on a Jewish labor MP's electorate
office and an incident in Sydney where a car was torched.
And so now President, sorry President Prime Minister Anthony Alberisi
has come up with an idea. Ton de Mayo will
(18:14):
tell us about that idea very shortly. So the fella,
the fella who wrote the piece that said or made
the quote that said that Christopher Luxon demanding to be
called Christopher makes him less likable to New Zealand as
is a guy called Mark and he's a student, he's
an a lecturer at a university. Lee has sent me
(18:36):
a text and said, I have never heard such nonsense
in my life. If his name is Christopher and he
wants to be called Christopher, what's that got to do
with anybody else? My son is called Daniel. He does
not want to be called Danny, so why not call
him Daniel? And I know, and I understand because my
name is Andrew and it is well known that I
(18:56):
hate being called Andy. You call kids, and he called
it children. Andy. You can call me Andrew, thank you
very much. I've always been Andrew. I've said this on
air before and now everybody who doesn't like me always
sends me a text or an email and it starts
with hello Andy, and knowing that it bugs me, but
it doesn't really bug me anymore. But yeah, I like
to be called Andrew, thank you very much. I have
no problem with Christopher being called Christopher, which is why
(19:18):
I had problems with that article in the Sunday Star
Times Andrew Dickens. See he said Andrew, didn't he It's
twenty two to six has to go around the nation.
Calum Productive from Dunedin.
Speaker 9 (19:29):
Hell they morning, Andrew loving it.
Speaker 2 (19:35):
Tell me about the new pedestrian crossings in Dunedin.
Speaker 9 (19:38):
Yeah, a couple of new rainbow crossings proposed for the
city are being finalized by counselors today, so we'll know
whether they get to go ahead. They're proposed to be
painted in prominent areas in the central city, one on
George Street, the other nearby on Lower Stuart Street. These
designs were developed by local artists. They say that it
will depict how diverse strands of the Rainbourg community buying
(19:59):
together to bring strength. If these are approved, the crossings
will have to be accommodated within and already existing one
and a half million dollar Bath Street upgrade budget.
Speaker 2 (20:09):
Very good. How's your weather?
Speaker 9 (20:11):
I mainly find that some shells developed this afternoon, some
possibly heavy Dunedin's high twenty two today.
Speaker 2 (20:15):
Great soulf Calum, give my love to Patrina. Jamie Cunningham
now joins me from christ Church. Hell Allo Jamie. Morning
so christiach city councilors talking about rates? Are they going
to reduce them?
Speaker 10 (20:26):
Well, we're not sure yet, but there's calls for some
caution ahead of today's rates discussion. As direction of the
next annual plan is set. Staff have recommended an eight
point four percent rise or a five dollars and ninety
five cents weekly increase in the annual Plan twenty twenty
five to twenty six. Projects such as Takaha Stadium will
be completed within this plan's time frame. Mia Fum Major
(20:48):
says the recommendations are too high, with councilors likely to
add little items to the plan this week. Major says
it gets out of control when you start adding multiple
things together and the council needs to show restraint.
Speaker 2 (21:00):
Very good. How's your with her?
Speaker 10 (21:02):
It's another fine day down here with Westerly's turning northerly
this morning and a high of twenty five.
Speaker 2 (21:07):
It was twenty eight yesterday, wasn't it. It was quite
a hot day yesterday.
Speaker 10 (21:10):
Yes, yeah, yeah, I think yeah, around twenty eight. Yeah,
it's been great all week.
Speaker 2 (21:15):
Okay, I thank you. Max Toll from Wellington where the
weather's not quite so good. Hello, Max, Good morning, mister Dickens. Oh,
mister Dickens. Now we're getting very formal all right. Now
you've got more hospitality closures.
Speaker 5 (21:28):
Yeah, both sort of cool, trendy places that locals speak
very highly of. We had the exclusive yesterday about this
place called Myrtle Bakery on Kent Terrace, very close to
the Embassy Cinema. Highly regarded. In fact, last week it
was named best bakery in the city at the local
Hospital Awards. They've run into some issues with their landlord,
but at this point they're not looking to reopen anywhere else.
(21:51):
And this morning we've also got the story about Mabel's,
a Burmese restaurant literally just opposite our building on Tory
Street that's been running since the start of twenty twenty two.
No reason given for them closing, but earlier this year
they did talk. Their owner talked about the issue of
rising costs, the unpredictable nature of the industry and just
going back to myrtle though a real dearth emerging in
(22:13):
terms of bakeries in the capital. This year also brought
the closure of the Bordeaux and Pandoro Cafes bakeries, of
which there were three each. Tough work in hospitality at
the moment.
Speaker 2 (22:23):
All right, how's your weather should be?
Speaker 5 (22:25):
Mainly fine? Northerlys twenty the high in the CBD, Thank.
Speaker 2 (22:29):
You so much, Maxidus nineteen to six. Good morning, neither
letten many.
Speaker 11 (22:32):
Good morning.
Speaker 2 (22:33):
So there's a bridge down and when you're quarter that
broke that bridge? Yes, apparently it might reopen this week.
Speaker 11 (22:38):
Yes, could reopen, that's the keyword. Could, let's hope. So
particularly for all those businesses who you know it's been
tough for them since it closed, or you know it
was forced to close back in March, so what we know,
and for those outside of Auckland, just to refresh your
memory that this bridge can accept. Area with the viaduct
has been closed since March for repairs and it's twenty
(23:00):
minute walk so Auckland Council's Property management arm Ekipanuku is
hoping to reopen it by Friday now apparently initially it'll
open between seven thirty am and eleven thirty pm. This
is to test how it operates in live conditions. There's
been about one hundred and forty thousand people. They've jumped
on board that fairy because remember they put the ferry
(23:21):
in and that's been you're not talking what's going on?
Speaker 2 (23:24):
Oh I'm grumping and fuming about that bridge. Oh I
know that bridge was a temporary bridge. There was a
better plan for a much more permanent and more more
sturdy bridge business back during the Rugby World Cup twenty eleven,
but we didn't do it. We did a cheap we
put in a temporary bridge, saying oh, we'll do it later,
and then they went, oh no, let's just keep on
maintaining it so it never to be. The costs blowout,
it never to be, and now we spend tens of
(23:45):
millions to fix it up and now we're going to
get a new bridge. No, we're just going to keep
on fixing the old temporary full down bridge.
Speaker 11 (23:51):
So fingers crossed that it does open on Friday. That's
all I've got to say, especially for those businesses. I mean,
you know our reporters here, they've been speaking to the
Conservatory bar and restaurant director Tricky Hartly. You know their
revenue's been down sixteen percent.
Speaker 2 (24:03):
Shocking, shocking. How's our weather showers.
Speaker 11 (24:06):
Clearing early morning, fight spells increasing this afternoon high twenty
one be caller for us here in Auckland today.
Speaker 2 (24:11):
That's why you're wearing a lead the jacket. I thought
it's about fourteen degrees, but I can hear it creaking
when you're reading the New York Yeah, can you really
a kid?
Speaker 1 (24:23):
New Souls you've been international correspondence with ends and eye insurance,
peace of mind for New Zealand business.
Speaker 2 (24:30):
At the court of the Section of Donna Toneyo joins me, Hello, Donna,
good morning.
Speaker 6 (24:34):
How are you.
Speaker 2 (24:35):
I'm very good. So we've had three attacks on Jewish
targets in Australia. So Anthony Albanezi has come up with
an idea what is.
Speaker 12 (24:42):
It the Australian Federal Police Task Force and now this
is going to investigate these recent incidents of which you
speak of anti Semitism. Now there's been an arson attack
at a synagogue in Melbourne. That's the most recent incident.
Three suspects are now being hunted over what is being
described as a suspect did terror incident.
Speaker 13 (25:01):
That's how police are describing it.
Speaker 6 (25:03):
Now.
Speaker 12 (25:03):
The task course will be called Operation Avalite and its
prime objective is to combat anti Semitism. The Prime Minister
reference the task force and introducing that and putting that together.
Now these three recent attacks. Also, besides the attack on
the synagogue, there was an attack on Jewish labor MP
Josh Bourne's electoral office and also the third incident, a
(25:26):
car was torched and buildings vandalized with anti Israeli messages
Israel message sorry. In Sydney, the AFP Commissioner, Reese Kershaw
says police will have expanded powers to investigate, made up
of a squad of twenty one counter terrorism investigators who
will focus on threats and violence and hatred. We also
(25:47):
heard from the Commissioner saying that unfortunately today those of
Jewish ethnicity or religion are being targeted because of who
they are. This is a crime and this needs to stop.
Speaker 6 (25:57):
He said.
Speaker 12 (25:57):
The AFP will not tolerate crimes at undermine Australia's security
or way of life.
Speaker 2 (26:02):
Okay, I've been looking up whatever Light means, because that's
an operations name, and Everlight was a city in Somalia,
and otherwise it's quite it's it's quite a very obtuse
name for a task for so don't you think you know?
Speaker 12 (26:16):
Also I looked it up and I didn't get very
far either in regard to trying to figure out why
it's called.
Speaker 2 (26:22):
That strange stuff. Let's go to Melbourne. The university there
has to replace seventy two million dollars to staff.
Speaker 12 (26:29):
Why well, this is one of Australia's top universities and
the Fair Work Commitsman has made this order because it well,
the institution admitted to underpaying quite a number of academics.
It impacted more than twenty five thousand staff over a
decade and it's been called unlawful conduct. Now, there was
(26:51):
a legal action which has been dropped against the university
by the Ombudsman. This action is the legal action and
began in twenty twenty three. So that's been dropped now.
But that's a hefty amount I have to pay back.
It was over about ten years from twenty fourteen right
through to twenty twenty four these underpayments happened, and it
happened across all faculties and campuses, and the union says, well,
(27:15):
at least it finally brings justice to all the staff
that were impacted.
Speaker 2 (27:19):
Dona, thank you for your time. It is now twelve
to six Andrew dickens. So we've got an update to
the banking environment in New Zealand the government is looking
to inject Kiwi Bank with five hundred million dollars in
capital to i quote disrupt the status quote kie Weibank's
parent company, Kiwi Group Capital and Treasury have been instructed
(27:40):
to talk to potential investors, but the government has ruled
off actually selling its Kii bang chaares to the public.
And IPO massive university banking expert Clear Matthews joins me. Now,
hello Clear Marianna.
Speaker 14 (27:52):
Andrew, So, good move. It's an interesting move. It's not up,
it's not an unexpected move. It's where it's going to
really make a difference as something that we will wait
to see.
Speaker 2 (28:06):
Well, that's a nothing answer. And why did you cackle?
Speaker 14 (28:12):
Because the government is pushing us very much as it's
going to make a huge difference to competition, and I'm
struggling to see that it really will make that much
of a.
Speaker 2 (28:20):
Difference, because it's just an extra five hundred million dollars
on the balance sheet, which won't when you're competing with
other banks that have billions and billions and billions.
Speaker 14 (28:29):
Yeah, I mean, five hundred million is obviously not a
small amount of money. But the government has indicated that
we'll enable it to do four billion dollars worth of
business leaning or ten billion dollars of home lending. And
at the moment, the banks between them have've got a
total of just under four hundred or around four hundred
and ninety billion dollars worth of leanding. So that amount
(28:50):
of additional leanding is really quite a drop in the bucket,
and you've got a question how much of a difference
that can make to the competitive environment.
Speaker 2 (28:58):
Okay, now, the left, let let's talk another part to it.
The left is squealing that this is a part privatization,
which I think is true. This is not taxpayers money,
broadening the capital base, but don't appeal to private investors.
So will this appeal to those private investors to invest.
Speaker 14 (29:15):
You'd really have to ask the private investors. It's going
to depend on the conditions and the terms associated with
the issue of the capital. What return are they going
to get? What are the options associated with that. One
of the key things is it does appear.
Speaker 6 (29:30):
To be.
Speaker 14 (29:32):
What they call a put option, so the investors are
going to have the right to sell those shares back
to the government as a proposed IPO doesn't go ahead,
so they're talking about making an IPO whereby the public
could buy shares. I think the public would have an
interest in buying shares where that private investors would. But
if they know that they're going to be able to
(29:53):
get rid of them in a couple of years time,
either to the government or to private investors, then maybe
that's attractive. But it will depend on the terms exactly,
and they may be able to lock in some really
good terms that which case you've got to say, is
that good for the government?
Speaker 2 (30:08):
Well, leaving out that IPO is interesting, they say it's
because of technical reasons that they haven't finished the computerization
of kiwibank or something like that, so the IPO couldn't
happen until twenty twenty eight, So is that actually smart?
Was that forced by necessity? And the fact is, no
one is going to invest in some shares in five
hundred million dollars of extra capital if they can't on
(30:29):
sell at a later date at a market price and
not to a government.
Speaker 14 (30:35):
I know, they might be happy to have a guarantee
that they can sell back to the government. So that
doesn't necessarily mean that they have to be able to
sell to the public, but they do want to be
able to sell because they don't want to be stuck
with them. I personally don't understand why they have to
complete the digital change over in order to do the IPO,
but you know, maybe there's something I'm missing there. But
(30:57):
investors want to have a way out. They so the
government might be happy to have no way out, but
for investors, they need to be able to know that
if the time comes and they want to sell the
shares for some reason, they've got to be able to
do that.
Speaker 6 (31:11):
Okay.
Speaker 2 (31:12):
In your opinion, is our banking environment does it need
a revamp? Because this is a common talking point, and
yet we have many bangs. We have competition, They are
running businesses, their margins are not excessive.
Speaker 14 (31:28):
Well, that's the problem. Some people think they are excessive.
It's just that they make large amounts of money and
it sounds terrible because it sounds like they're making all
this money off New Zealanders, but in reality they need
to make a return because if they're not making a
satisfactory return for the capital that they've got investors, they're
not going to continue to operate. And they do spend
a lot of money in New Zealand as well as
(31:49):
those operations in terms of the profits they're making, they
spend a lot of money to make that and most
of that comes into the New Zealand economy.
Speaker 2 (31:56):
Thank you so much, Claire, doctor Claire Matthews, who is
the Associate Professor Banking at Massy University. And remember these
are not Australian banks. In fact, the Australian banks have
owners as well. There's always a bigger fish. As they
said in Star Wars, it is seven minutes to six
News Talks. He'll be Heather's in in a moment.
Speaker 1 (32:16):
The first Word on the News of the Day Early
edition with Andrew Dickens and Smith City, New Zealand's Furniture
Beds and Appliant Store. You talk saidy had.
Speaker 2 (32:26):
The duc Allen is here after six o'clock this morning,
and she will have the Prime Minister Christopher Luxem.
Speaker 13 (32:33):
He's dropped that though, hasn't he. I think he's he's
trying to switch, see. I think he started switching to
the Chris Luxon, but unfortunately the Christopher Luxeon's already stuck
an Atte.
Speaker 2 (32:41):
He said it. Once you say it once, you know
one goat it just sticks, you know, so's he said it.
It's not an issue for me. I'm an Andrew. I
don't ever call me and Andy. And I've said that,
why because Andy's what a child is called. Whe is
a kid's name? Andy?
Speaker 6 (32:54):
Hey?
Speaker 2 (32:54):
Andy? How are you scratch you on the head? What's
Barry's real name?
Speaker 13 (32:57):
Barry?
Speaker 2 (32:58):
Really? Yeah, he's not barr Rington. Barrington sober no. If
he was Barrington, that would be a better name for
a political editor.
Speaker 9 (33:05):
Well, I think it.
Speaker 13 (33:05):
Would name to a human, frankly.
Speaker 2 (33:07):
Sir Barrington sober no.
Speaker 13 (33:09):
But but Andrew, hang, I reckon that this shows that
there's some emotion. You've got some emotional blocks going on here.
Speaker 2 (33:15):
Because yeah, oh no, what about Andrew?
Speaker 13 (33:18):
Yeah, because somebody referring to you by a nickname is
a form of endearment. It means that they really like you.
What you're doing is you're creating an emotional distance between
yourself and the people around you.
Speaker 2 (33:27):
I as show you my texters. Yeah, who now know
the secret?
Speaker 6 (33:30):
Yeah?
Speaker 2 (33:30):
If they don't like me, what are you talking about?
And it's just an excellent needle.
Speaker 13 (33:36):
I think it's nice. I think it's nice to have nicknames.
I reckon Christeny's. In fact, I think I think he
needs to lean into it. Although on that subject, because
you were talking about that article that came out at
the weekend, apparently baldness is a superpower.
Speaker 2 (33:47):
Which I quite enjoyed. M Steve wrote to me this morning. Morning, Andrew,
I do think Laxon's shaved head is a turn off?
Speaker 13 (33:55):
Yeah, because I well there's something, there's something kind of
a little but it's because it's shiny.
Speaker 2 (34:00):
We talked about how from there tell the rock there.
Speaker 13 (34:03):
Yeah, but they're not running for prime minister, are they.
They're doing it for aerodynamic reasons, aren't they.
Speaker 2 (34:08):
It's going to be a great shape. Christopher Lexon here
do and producer Leo, thank you so very much for
My name is Andrew Dickens Kiss what I'm going to
be back again tomorrow, I think.
Speaker 1 (34:20):
Listen for more from Early Edition with Ryan Bridge, Listen
live to News Talks it Be from five am weekdays,
or follow the podcast on iHeartRadio
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.