Episode Transcript
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Speaker 1 (00:01):
The issues is the interviews and the inside. Ryan Bridge
on a early edition with one roof make your property
search Simple news talks that'd be good morning.
Speaker 2 (00:12):
It is six after five used talks that'd be coming
up this morning. The Organized Crime Task Force. This is
the Casey Costello group. They're going after cash and they're
going after crypto. Details of their latest report before six
this morning. The new undersea electricity cable connecting North and South.
Michael Gordon on the unemployment numbers. Mitch mccanni's stateside for US,
(00:33):
and we've got smoke at the Vatican. It's not white,
it's not black, it's pink.
Speaker 1 (00:42):
The agenda.
Speaker 2 (00:43):
Good morning, first day, the eighth of May. Great to
have your company. Pakistan's promising to hit back this morning
after India launched a missile strike. India's army says, of
course they were hit at least fifteen killed by Pakistani
shelling on its side.
Speaker 3 (00:57):
India's closest relationship is with the United States and Pakistan
more and more is being supported by China. So we're
talking about a conflagration which is not just two nuclear
armed states, but also other major superpowers, and of course
Russia is also in the.
Speaker 2 (01:12):
Mix meanwhile, to the Vatican and conclave is on inside
the chapel. They have no communication, of course, with the
outside world until they have finally made a decision.
Speaker 4 (01:30):
All the cleaners, the people, the cooks, all the people
who will be looking after the cardinals. They've sworn an
oath of secrecy. But of course gossip is inevitable only
with the appearance of the next Pope on the balca
of Saint Peter's surely note for certain.
Speaker 2 (01:47):
Remember, black smoke means no Pope. White smoke means new Pope.
We should get our first black or white smoke today.
We did have some pink earlier. I'll tell you about
that later on. Finally, Joe Biden, who's listening at this point,
done his first interview since leaving the White House. This
is where the BBC says the pressure from the Trump
administration on Ukraine to give up territory to Russia is
(02:08):
quote modern day appeasement.
Speaker 5 (02:10):
Listen to what pun said when he talked about going
from Kiev into Ukraine. He can't stand the fact that
the Russian dictatorship that he runs, that the Soviet Union
has collapsed, and anybody thinks you're going to start is
(02:32):
a foolish.
Speaker 1 (02:34):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and one roof make
your property search simple news talk said.
Speaker 2 (02:43):
Be the old boys a hard listen, isn't it? Nine
minutes after five nine nineteen the number to text would
love to hear from you this morning. David Parker. I
enjoyed his valedictory speech he gave it last night. That
wasn't so much of a hard listen, and its typical
David Parker, very technical, but he made a couple of
interesting points and I want to run you through them
this morning. So a couple of things on landlords and
(03:05):
the interest deductibility he and Robertson. He says, well, not wrong,
but sort of wrong. He says. The problem is, as
they've always argued, landlord's outbid first home buys.
Speaker 4 (03:19):
It's only possible because of lack's interest deductibility rules. Leveraged
landlords get capital subsidies year after year. Grant Robertson and
I fixed this, but sadly it was reversed. Maybe we
went a little bit far, but we were right.
Speaker 2 (03:34):
Right in essence, No you weren't, and yes you did
go a little bit too far there, David. The cost
of renting, of course, went through the roof. There are
signs that's coming down now. But the bigger problem with it,
and anyone who's in business will know this well, is
that it is a business. And they may not like
that fact. It may not sound nice to have people
(03:56):
making modest profits off running a rental, but what's the alternative?
And if we accept it's a business, imagine trying to
run a business where one of your biggest costs, the
thing you spend most of your revenue on, can't be
offset against that revenue for tax purposes. It just doesn't
add up. This utopia that he describes would be a
(04:19):
wasteland with no business. But where Parker gets it right
in his valedictory, I think, and I'm not entirely sure
about this, but it's been on my mind lately as well.
Looking at the greens, particularly looking at the greens of
late is MMP, he says. And it was interesting watching
this because old Chippy was sitting there in the front
(04:39):
nodding his head as David Parker was saying this. He says,
ditch MMP and bring in STV.
Speaker 4 (04:47):
Like the Aussies, we are all hostages to MMP. Why
else would so much political capital be fritted away on
identity politics while others culture wars and size society polarized.
To be clear, MMP drives these behaviors in main main
parties too. Under whose past the post New Zealand became
(05:08):
amongst the best country in the world. But EMMP was
meant to be better. Perhaps doctor Houghton is right and
MMP gets worse over time.
Speaker 2 (05:17):
So he says, go with this TV. He said, we
should look at this again and we should go with
this TV. You know, where you rank your favorites, pick
your phase basically, and whoever gets past fifty percent and
and electorate wins. They do this in Australia. The point
is you must have an electorate. And I don't know
if he's right about the cultural wars and the identity
politics stuff, but I think there's a point to be
(05:40):
made about having an electorate and being competent. You're accountable
to a smaller group of people. They normally know you personally.
And I do trust most of us that we wouldn't
elect incompetent people on scale to represent us. You know,
it's easier to vote for people who have no idea
(06:00):
what they're doing when you don't actually rely on them
for anything practical. You know your immigration case will give
state highway netting an upgrade or whatever it might be.
So I think on that it may be worth looking
at it again. Maybe twelve After five News Talks heb
Ryan Bridge, Lots to come. We're going to get to
(06:21):
our reporters around the country after half five Michael Gordon
from Westpac. But next it's this cable undersea cable between
north and South. How much it'll cost us to put
a new one down.
Speaker 1 (06:32):
Get ahead of the headlines on early edition with Ryan
Bridge and one Route, Make your property search simple.
Speaker 2 (06:40):
News Talks B five A quarter past five Now News
Talks b SO conclave underway the Vatican. First vote expected
this afternoon their time, so that this morning our time.
Thereafter you'll have four votes held each day until one
candidate reaches the two thirds majority. So basically the lucky
number is eighty nine. Now the pink smoke thing, so
(07:02):
there are some Catholic women campaigners who released pink smoke
from flares. Obviously you're waiting for your black smoke and
you're waiting for your white smoke. But in the meantime,
we've got pink smoke, they say, because at the moment
only men can be priests. Certainly you couldn't have a
woman cardinal. Who are there the ones that are electing
the pope. So they say, not only should you have
(07:24):
female priests, but you should have female cardinals and presumably
eventually you should have a female pope. Bryan Bridge Transpower
says they need to replace the electricity cable connecting North
and South. The cost one point four billion dollars. The
question how much will it cost us on our power bills?
John Harvard's Major Electricity us as group chairman with me
this morning. John, Good morning, Good morning. So cables went
(07:45):
live first, went to nineteen sixty five, replaced nineteen ninety one.
End of life is twenty thirty. So we've got to
do this, don't we.
Speaker 6 (07:54):
Oh, we absolutely do. The cable that connects the North
and South Island literally just keeps the light on them
both island, So it's absolutely essential infrastructure.
Speaker 2 (08:02):
What'll it do to prices chan making the fix?
Speaker 6 (08:07):
Yeah, So the one point four billion dollars that transpaer
has quoted, that will all get passed on to consumers.
So the proposal effectively is that consumers will pay one
point four billion dollars more than they're currently paying. And
then the proposal transpayer talks about possibly doing an additional
cable for extra sort of backup security that will be
in addition to the one point four billion.
Speaker 2 (08:27):
All right, we'll come to it back up in a second,
but let's stick with one point four for now. That
sounds like a lot of money, but it would be
spread over the life of the asset, wouldn't it, And
transmission only eight percent of our bill as it is.
Do we have any idea what the number might actually
look like?
Speaker 6 (08:43):
Not yet. It's important to note that the transpayer has
to put a proposal to the Commerce Commission, and the
Commerce Commission will have the final say and how much
Transpayer will spend. So until that happens, we don't know
the final number.
Speaker 2 (08:56):
What do happen to manufacturers because they're obviously the big users.
Speaker 6 (09:00):
Yeah, so what typically tends to happen is a greater
proportion of the costs of these projects falls on large
industrial manufacturers, so they will pay sort of more than
a fair share of the burden. And we're not arguing
with that. We need the electricity. But as we know,
many of our manufacturing companies are already struggling with very
(09:21):
high electricity prices, and that will just make this situation
even worse.
Speaker 2 (09:26):
We don't have a backup cable as is right? Is
that done? What do other countries do.
Speaker 6 (09:32):
Well? Most other countries are much more connected with each other.
So if you think if you're in Europe, you know,
if you're France and your Germany, you've got a land border,
you just you know, you've already got pylons and the
rest of it that connect to each other. But there
are countries where they do need cables that cross the sea.
So it's it's not new technology, it's the best way
to do it.
Speaker 2 (09:54):
And it would be good to have a backup, wouldn't
it just in case things go tips up. Who benefits
most from the CA Is it the South? You know?
Do we send because I mean traditionally you think that
the South sends more to us? Is that still true.
Speaker 6 (10:08):
On average?
Speaker 7 (10:09):
Yes?
Speaker 6 (10:11):
But sort of. A recent historical trend has certainly been
that more electricity is flowing from the North Island to
the South Island. Particularly, think like last year or this year,
which are dry years in the southern hydro lakes are
low and water well. Quite often. The North Island is moving,
say GEO, through more electricity or other forms of renewable electricity.
They are just more prevalent in the North Island down
(10:33):
to the South Island, and you get different season all
flows as well, so the electricity certainly flows both ways
now more than it used to.
Speaker 2 (10:40):
Interesting, John, appreciate your time this morning. John Harvard a
major Electricity Users Group chair and time is nineteen after
five year. On news talks, there'd be Michael Gordon from Westpac.
Speaker 1 (10:49):
Next on your radio and online on iHeartRadio early edition
with Ryan Bridge and One Roof to make your property
search simple.
Speaker 2 (11:00):
Five twenty one. We've got the latest organized crime report
before six for you right now. Unemployment five point one
percent for quarter one, which is the same as the
quarter before it. No news is good news because all
the economists and the RBNZ for that matter, thought it
to go higher than that. Speaking of they released their
financial stability report yesterday, No major surprises. We're basically banking
(11:21):
on ocr cuts and the price of milk and meat
to get us out of the hole. Banks are making
a profit, which I know despite what you think is
a good thing, and should things really hlp the fan
with the tariffs. They've got cash to keep us going.
Westpac senior economist Michael Gordon with me this morning. Michael,
good morning, Good morning. Interesting that split between full time
(11:41):
and part time on the unemployment.
Speaker 7 (11:45):
Yeah, I think it's one of the ways that the
the labor market does flex when you have a downturn,
so to the extent that people are sort of using
reduced hours as an alternative to layoffs. It's one factor
why the unemployment rate has risen. I think it's really
risen quite as high as as some of the people
were forecasting.
Speaker 2 (12:04):
Yeah, so what do you do you think that that
is literally the reason that people have switched to part time.
Speaker 7 (12:10):
It does seem to be one of the responses. It's
I mean, we're are sort of seeing growth in the
number of part time workers. It's not because of hiring,
I don't think, but it is. There's the useful indication
in terms of where we go from here. I think
as things pick up, businesses are going to be able
to get a bit more out of their existing workers
before they need to start hiring again. So I think
(12:31):
that's why we're seeing the job ads, for instance, I've
still pretty low at the moment. Business is not really
under pressure to hire at this stage.
Speaker 2 (12:38):
Do you does this change your opinion of when it
might peak unemployment?
Speaker 7 (12:43):
Yeah, a little bit. I mean, I think we are
getting around the peak here, and there's always a little
bit of wiggle room around the numbers from quarter to quarter.
But bear in mind we are coming out of a
couple of years where the Reserve Bank was really happy
to put the brakes on the economy to deal with
this serious inflation problem, and that's already changed in the
(13:03):
last nine months or so. So while it usually takes
some time for the ship to turn around, there is
reason to think that the job situation in the year
ahead should look better than it was from the last
or the previous year or so.
Speaker 2 (13:17):
We'red the RBNZ Financial Stability Report out yesterday. What did
you make of it?
Speaker 7 (13:23):
I think there was a little bit of focus on
their comments on the tariff effects. Obviously sort of early stages,
but it's not really something that's that's sort of directed
at the monetary policy implications for this, and of course
it is still early stages. We've got the reserve backs
actual monetary policy statement coming later this month, they'll probably
(13:44):
have a bit more thinking about what this might mean
to interest rates here, and it's it is a tricky
one because we're New Zealand's sort of not really directly
in the firing line in the way that the US
Central bankers they're going to be sort of met announcing
later this morning. They're kind of dealing with this fact
that it's going to actually be quite an inflationary effect
(14:04):
in the US.
Speaker 2 (14:05):
At least, appreciate your time, Westpac Senior Economist Michael Gordon. Michael,
good to have you on the show. As always, it
is five twenty four News Talks CB. If you're one
of those people who likes to complain about any New
Zealand flight prices, the next one is for you.
Speaker 1 (14:19):
The early edition full the show podcast on iHeartRadio Power
by News TALKSB.
Speaker 2 (14:25):
News TALKSB. It is twenty six minutes after five. So
after all of the hand ringing, the complaints, the stomping
of feet, the comcoms shooting down, talk of a probe
and to domestic air fares, Foreign and co Will of
course see this as a vindication, a validation that despite
the headlines and consumer and zed's the market has broken claim.
In fact, the reality is their costs have gone up,
(14:49):
and surprise, surprise, it's expensive to run roots with high
fixed costs to small places with more sheep than people.
So they conclude doing a market study, which is easy politics,
it scratches the itch, won't actually achieve anything, and by
that they mean it won't lead to consumers getting a
better deal. Refreshing honesty. Could the same refreshing honesty you
(15:13):
have been applied to the claims about banking and supermarkets
and petrol stations, et cetera, et cetera, et cetera. The
list goes on, Like most things post COVID, costs have
gone up. Airport landing charges up, air traffic control up,
security levees up. And when you're in business and you
own we own this one, remember fifty one percent of it.
(15:33):
You recoup those costs by putting your own prices up.
We don't want them subsidizing flights and crashing our business. Right,
the business we own. We sold off the National Carrier
in nineteen eighty nine. We renationalized in two thousand and
one after Anset went bus that cost us close to
a billion bucks. An sets problem was high costs and
(15:54):
regulation changes when airlines failure gets expensive for tax payers. Now,
I don't want to defend an airline charging me four
hundred dollars to fly for forty minutes any more than
the next guy. But and this is the crux of
most of the complaints we hear through the media. Short flights,
regional flights are expensive to run and people don't use
(16:15):
them often enough. They use more fuel as a proportion
of a total flight because of the takeoff and the climb.
Takes a bit of gas to lift us into the sky,
especially now we're getting so fat. The cost of fuel
is a third of the operating cost for air New Zealand,
something foreign can't control. That's more the purview of a
Poutin or a sultan. Planes spend way too long sitting
(16:36):
on the ground. Your costs are higher, and you've got
fewer passengers to spread those costs over on the smaller routes.
Using jets, of course, that would be more efficient, but
again we don't have the people to fill them, which
is why I said the other day, and it's true,
but doesn't make it palatable. We're a small country. We
pay a price for sparsely populated, beautiful, untouched landscape. The
(17:00):
ComCom does say there's room for improvement, but on the
whole the real enemy here is the politician or the
talking head who tells us by simply bashing Air New
Zealand's head into the wall, they can make Kiwis fly
on the cheap bright and bread bread twenty nine. After
five year on news Talk, SAIDB. Lots of your feedback
(17:21):
on David Parker's speech. We'll get to that after news.
Our reporters all around the country and we're state site.
News Talk, SAIDB.
Speaker 7 (17:31):
No elass name.
Speaker 1 (17:36):
News and views you trust to start your day, It's
early edition with Ryan Bridge and one Room, Make your
property search simple.
Speaker 8 (17:45):
News Talk SBET you good morning, twenty four minutes away
from six.
Speaker 2 (17:55):
Welcome to your Thursday morning. Great to have your company,
our talking Air news Zieland and David Parker. David Parker
delivering his valedictory last night in Parliament and see basically
let's get rid of MMP. I'd prefer STV a lot
of support, well, a lot of support for getting rid
of MMP, but not so much love for STV. Ryan
STV gave us in Hamilton this textas says, gave us
(18:18):
the previous dender loving mayor so not keen on that Ryan.
The real problem with the New Zealand, says this text.
The turboprop service is the cancelations and at the drop
of a hat, not so much the cost. Then it's
their lack of customer service after the fact, as in
no cash refunds, etc. Twenty three minutes away from six
(18:39):
Now in America, I find this absolutely fascinating. There's a
guy who was Chris Palkes's name, was killed in a
road rage shooting in Arizona in twenty twenty one. The
guy this three and a half years later. The guy
who's up on charges for killing him, well, he's now
been sentenced. And the dead guy, Chris Palke, sort of
(19:03):
rises from the grave and does a victim impact statement
courtesy played on video to the court, courtesy of artificial intelligence.
Speaker 9 (19:13):
To Gabriel Horksidas, the man who shot me, It is
a shame we encountered each other that day in those circumstances.
In another life we probably could have been friends. I
believe in forgiveness and in God who forgives.
Speaker 2 (19:28):
Isn't that bizarre? Twenty two away from Sex Ryan Bridge,
joined to our reporters around the country. Now Callen Proctor
is in Duneda. Callum, the Catholic Bishop of Dunedin says
the new pope needs to be a bridge builder.
Speaker 5 (19:42):
Here.
Speaker 8 (19:42):
This is Michael Dooley, Catholic Bishop.
Speaker 5 (19:45):
Here.
Speaker 8 (19:45):
He says that he needs to carry on Francis's legacy.
And it's very significant that New Zealand has a presence
at the election at the Sistine chapelain Kiwi Cardinal John
Dewey says, it's quite a usual for such a small
church the size of New Zealand's to have that representation.
As we know, the doors of the Sistine Chapel have
(20:07):
now been locked on the conclave in which one hundred
and thirty five cardinals will select a new pope. The
last two elections lasted just for two days.
Speaker 2 (20:15):
How's your weather today, Cullum.
Speaker 8 (20:17):
It's mainly fine for us. Rain develops later this evening.
Gusty Nordley's here today the high twenty.
Speaker 2 (20:23):
And claire As thank you, Callum, Claires and christ Heads
this morning, clear, good morning, good morning. Now you guys
are very proud of your storm water management today, Well.
Speaker 10 (20:31):
We are, indeed national recognition. In fact, we've got the
one hundred and nine hectan facility to Kudu, which has
won two top awards as the Alto and New Zealand
Public Works Engineering Excellence Awards. Now this wetland area was
named best public Works Project over five million dollars and
also received an Excellence Award for Environment and Sustainability. Now
(20:55):
basically it's an expanse of wetland area as well as
storm water storage and film traytion basins. We saw it
in action last week and mere Film Major says the
recognition does feel very timely given the stormwater network played
such a critical role during our record rainfall last week.
Speaker 2 (21:11):
It certainly did. How's you weather today, clear.
Speaker 10 (21:14):
Mainly fine here a bit of thickening high cloud and
the wheat stuff s arriving a bit later. Dusty Nordley's
and twenty one degrees.
Speaker 2 (21:20):
Have a good one. Thank you. Mexis and Wellington Max.
Good morning, good morning. Now you've got some pretty nasty
graffiti going up around the city.
Speaker 11 (21:28):
Yeah. This popped up early yesterday. Thankfully, within a few
hours had been painted over. The city council claimed it
had cleaned it up. The Jewish Council reckoned it was
a member of the community. Graffiti at the top of
Adolph Street in Ardol Valley. I won't repeat exactly what
it said, but it was very pointedly anti Semitic. The
Jewish Council says it's been seeing an increase in this
(21:48):
sort of thing, hatred, slurs and in the wake of
attacks on Gaza Jewish children, abused in schools, attempted arson
death threats. The Race Relations Commissioner, doctor Melissa Darby has
weighed in. She calls it's shocking the graffiti, confronting and
an alarming normalization of anti Semitism. A lot of pro
Palestine imaging up around Wellington as well, graffiti that there's
(22:11):
been a push to keep up as it's labeled as art.
Effectively the counselors and certain counselors and mayor last year
late last year said pro Palestine flags, slogans, etc. Should
remain up as art, but this is very different. This
is anti semitism and thankfully painted over very quickly.
Speaker 2 (22:29):
Yeah, thankfully they are keeping on top of that. How's
your WEATHERMX?
Speaker 11 (22:33):
Mostly cloudy today with the odd shower seventeen the high
central brilliant.
Speaker 2 (22:36):
Thank you Neivers and Aukland NEOVA. Good morning meetings. Greetings.
Now we've had Actually I saw a great photo of
from behind of Helen Clark and John Key. Oh you
said this event, Yes, it sounded but weird actually, but
she was resting her head on his shoulder. Look, he
was obviously saying something to her during this event. It
(22:58):
was quite a cute little photo. Well, I wonder what
they would have said. Wow, they're probably just you're looking
great today. Yeah, I shouldn't. I should have nice yet
when you know when who.
Speaker 3 (23:09):
I think you are?
Speaker 2 (23:10):
Hey, but they're both sort of an agreeance on the
Auckland bed tax idea.
Speaker 12 (23:14):
Yes, now, look they've both come out in favor of
an Auckland bid Tex obviously to support major events and
as you say, this event marking the fifteenth year of
the super City.
Speaker 1 (23:24):
They're there and.
Speaker 12 (23:25):
They both spoke in support of the measure. And I'm
sure you know Wayne Brown to be very happy Auckland
here because he's been a staunch advocate of the policy.
Simeon Brown, who's the Minister for Auckland. He told the panel, Look,
it's not something that they came pained on and it's
well he's saying it wasn't really a priority. So let's
see what's happening there. But pretty good that Clark and
Key have both come out in support of that. Oh
that's a lovely wee yarns. I want to see that photo.
Speaker 2 (23:47):
It's a great photo.
Speaker 13 (23:48):
Wh did you see it?
Speaker 12 (23:50):
I must be in the media right what day.
Speaker 2 (23:58):
The problem with it is the word isn't it? That's
why they don't want to go near it. But it
does make a lot of sense.
Speaker 12 (24:04):
And especially for Auckland four events and things like that.
Speaker 2 (24:07):
Only isn't it? Yeah, it does, So we're on board.
Speaker 14 (24:10):
We are.
Speaker 2 (24:10):
You lean your head into my shoulder and we can
kumbayar on that.
Speaker 10 (24:14):
Bay ya.
Speaker 2 (24:16):
How's the weather?
Speaker 12 (24:16):
And we sho on the few showers possibly heavy today,
becoming more frequent this evening, but still hot twenty one man,
it was hot yesterday was neither?
Speaker 2 (24:27):
Thank you? Good to see yes seventeen away from six
News talks thereb where with Nick Harber Stateside after this
and there's a new report out this morning on transnational
organized crime? Did you know that we have and I
didn't know this until I read this report, but did
you know that we have cryptocurrency? Atm machines, about two
hundred of them in New Zealand. This is a problem
(24:49):
and they want them gone.
Speaker 1 (24:50):
International correspondence with ends and eye insurance, peace of mind
for New Zealand business.
Speaker 2 (24:56):
You talk, they'd be. It's fourteen minutes away from sixty
cardinals who are electing the new pope, and the Sistine
Chapel still locked away. It's a secret ballot, of course,
still locked away. We haven't had any smoke yet, so
we don't know whether there's even been a vote held,
but we are expecting mine inside the next basically that
we don't have a pope. We don't have a pope
at this point, but we hope to bring you that
news as soon as we get it. If they don't
(25:17):
do it in the first round today, there only be
one vote today, and then if they don't do it,
then there's four votes every day thereafter until they finally
get one. But let's go down to Nick Harbor who
Nick Harper, I should say, he's in the US for us.
Speaker 5 (25:29):
Nick.
Speaker 14 (25:29):
Good morning, Yeah, good morning to you.
Speaker 2 (25:32):
Good to have you on the show. Now, Biden's done
this interview with the BBC. He's taken a few shots
at Trump, House. It playing out.
Speaker 14 (25:39):
Yeah, this first interview was long awaited. It appeared on
the BBC. He spoke about a whole range of things,
but one of the big topics that's making headlines is
the fact that, quite simply, he said he had no
regrets for dropping out of the presidential race just four
months before the election. He said that he'd done so
much during his time in office it made it difficult
to walk away. He said it was a hard decision.
(26:00):
Of course. He handed the bat on over to Kamala
Harris's vice president, and he said that even though she
only had about three and a half months to mount
a campaign, he didn't think it would have mattered if
he dropped out earlier. He also spoke but spoke about
Donald Trump's plans to try and make Canada the fifty
first state of the United States to take Greenland by force.
He said that that was despicable, saying no president should
(26:23):
talk like that. And on the Russia Ukraine War, he
said it was modern day appeasement to give a deal
to Russia that seemed to favor Moscow over Ukraine at
giving away large tracks of Ukrainian territory that Russia has
taken during this conflict.
Speaker 2 (26:37):
Neick, how do people see that claim from him? You know,
does it sounds a bit delusional to say if I
had pulled out of the race sooner, it would have
made no difference. I mean, he wouldn't have had that debate.
Speaker 14 (26:48):
You know, Well, well absolutely, I mean it went badly,
badly wrong for him in the last year. It was
very clear that he was struggling that disastrous debate and
about June time, that really was the final nail in
The Democrats apparently had been screaming at him for months
before that to consider his future to potentially drop out
of the race. But if he'd done so much earlier,
(27:10):
maybe a year or so before he did, there would
have been a real chance, I think for Democrats to
try and find a candidate that they think would have
beaten Donald Trump in the election. They just simply weren't
given that chance due to that very late decision by
President Biden.
Speaker 2 (27:24):
Yeah, interesting stuff, and Nock appreciate your time. Nick Harper,
US correspondent, Picture story News. It is twelve away from
six Bryan Bridge. Casey Costello's organized crime task force that
April reported is out and it's quite a doozy actually,
some interesting stuff in here. They say one of the
biggest lies in the world is that crime doesn't pay.
It actually does. Cops currently restraining seventy five million dollars
(27:46):
a year in assets. They want to do more. So
some of the recommendations from them. They say, ideally you
would ban cash all together in New Zealand because obviously
that's the currency of your criminal right. But they say,
can't do that, so you've got to restrict its use.
Certain industries they say, like construction, hospitality, agriculture. Certain industries
(28:07):
they say should be banned from paying wages in cash.
You would have to use electronic means. They want the
cops to be able to monitor bank accounts in real time.
A whole bunch of stuff in here. Joining me to
discuss Glen Dobson, the Drug Detection Agency CEO. Glenn, good morning, Yeah.
Speaker 15 (28:23):
Good morning Rod.
Speaker 2 (28:24):
What did you make of that?
Speaker 15 (28:26):
Yeah, look, it's interesting reading. I think the main part
of the report reinforce it you favorable conditions in terms
of business, improve the market, and that's the same for
transnational organized crime groups. You know, we're moving a lot
of drugs New Zealand at the moment, and they go,
I guess is to make unfavorable are taking cash and
bring around other regulations around that.
Speaker 2 (28:44):
The problem they've always got is that crime moves moves fast,
and enforcement agencies can only move at the speed of law,
and that often takes too long.
Speaker 15 (28:55):
Yeah, that's right, and that's a challenge not only domestically
in New Zealand, but obviously we're talking about transnational organized crime.
The agencies obviously have to play within the rules the
regulations allow them to play with. And I think what
this report is doing is saying, hey, look, we need.
Speaker 6 (29:11):
To move faster.
Speaker 15 (29:11):
We need to move with the times. We're deal with
financial markets and that moves quickly, and we need to
give our authorities the best chance to target the profits
of the transnational organized crime groups to stop these drugs
coming into our country.
Speaker 2 (29:25):
That graph, how scary was it looking at that graph
that shows the price of myth and fetamine and which
has come down, but the use the consumption of it
that there's just a line going to the sky.
Speaker 15 (29:38):
Yeah, look, that is really scary for the country. And
we've seen recent is on the waist wood a stacks
show that myth is going through the roof as well.
The drug Tex changing. We had a conference just last week.
We had some US experts over speaking about the global
movements of drugs and so on, and one of our
experts on myth actually opened the conference with saying very clearly,
(29:59):
at all is all about the money. That's the one
thing it's all about. And whether they're moving drugs or
where they're moving human trafficking, whether they're doing other sort
of illicit trade, it's all about the money. So I
really support this report trying to cut their ability to
use the profits.
Speaker 2 (30:13):
Yeah, interesting stuff. Appreciate your time this morning, Glenn. Glenn Dobson,
the Drug detect Detectant Agency CEO, just gone nine minutes
away from six.
Speaker 14 (30:22):
Yeah.
Speaker 2 (30:22):
One of the other things that it mentions is the
crypto ATMs. We've got about two hundred crypto ATMs in
New Zealand and they say we shouldn't. They should all
be banned. Nine to six mic next.
Speaker 1 (30:34):
Ryan Bridge on early edition where the one Room Make
Your Property Search Simple, used Talk ZIBB.
Speaker 2 (30:42):
Seven away from six news Talk sib So we're waiting
for a pope at the Vatican City and this text
because we were talking earlier about David Parker, he had
his valedictory last night. Could he be at the new Pope? No,
he had his valedictory last night and it was interesting.
He said, get rid of m MP. He says, in
an ideal word, you would get rid of MP and
he would go for STV. Ryan says this text. What
(31:03):
voting system are they using to find the new Pope?
Could that be STV? Well, no, I remember black smokers. No,
we haven't had any smoke yet. They are voting at
the moment. Black smokers, no, white smokers.
Speaker 6 (31:14):
Yes.
Speaker 2 (31:15):
And basically each cardinal writes down their favorite on a
piece of paper. It goes to a little box. They
count them and you need a two thirds majority. Eighty
nine is the number, and they keep going until somebody
gets to two thirds. Six away from six Crayon Bridge, Mike,
good morning morning.
Speaker 13 (31:35):
How many do you think because we were talking about
this outside. First of all, they've been there for two weeks, right,
So just imagine your day. My day's a busy day.
Your day's a busy day because we've got stuck to
do him. We our show starts at five or six
o'clock and we've got some preparation. So if you're a cardinal,
What is it you do all day?
Speaker 2 (31:53):
Literally? What does it think deeply?
Speaker 7 (31:55):
Exactly?
Speaker 13 (31:56):
That must get dull after a while, mustn't it.
Speaker 2 (31:58):
But that's whither also old.
Speaker 13 (32:00):
So then you go into your room and you go,
after what, let's say, three days, you're going, God, this
is boring, and so you go, Look, I don't like Brian,
but look, I'm just going to write Brian down.
Speaker 2 (32:11):
But I think it would be probably the most interesting
time of your career. Because that's politicet, that's the set
I'm leading to. It's the sad business of that little
moment in time to do. Your relevancy has never been greater.
You may be yourreveralent. Maybe the food inside's good. What
do you think, Well, they got chiefs, they've got a
(32:32):
guest house and script it for but they've been looked after.
What do you think about because this morning we had
pink smoke. The female Catholics were saying we should be
in there as cardinals pecking.
Speaker 13 (32:43):
Is that pay equity as well? Are they running through
they're running that particular program in there? Do they want
their own smoke?
Speaker 2 (32:50):
What do you think about the idea of a woman pope?
Speaker 13 (32:53):
Oh, I couldn't kill this. Yes, I mean, I'm after tellent.
All I want is somebody who's good at the job
and it's cold, is exactly what exactly, So the confident
hope looked like. What doesn't that what they look like.
It's what they do at the end of the day.
But having said that, so we're going to talk to
Nicola Willis this morning about the jobless numbers. Hopefully they
peaked and five point one was it better number than
(33:13):
we expected, which is quite exciting. And Greg four ands
and Greg is going to give us his first time
leaving the company interview, which will be nice to catch up.
I will ask him why. Here's my vibe. It's been
too hard. It's all been a bit crap. Walmart was
more fun and more money and more money, and this
lack of engine, lack of playing thing. I'm tired of
(33:35):
dealing with it. And if you whine one more time
about the price of tickets to Partmers the North, I'm
going to hitch you.
Speaker 2 (33:41):
Although did you see that ComCom not study but the
fact that they don't want to do a study because actually.
Speaker 13 (33:46):
Exactly, there's nothing to see here exactly, and that's rare
from the Concorin anyway, Greek Forum with us Excell Mike.
Speaker 2 (33:52):
Have a great day everyone, I will see you tomorrow.
And News Talk they'd be.
Speaker 1 (34:12):
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 h