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August 12, 2025 • 34 mins

On the Early Edition with Ryan Bridge Full Show Podcast Wednesday 13th of August 2025, Treasury warned the Government that breaking up Te Pukenga could leave polytechs worse off, Vocational Education Minister Penny Simmonds tells Ryan Bridge why they decided to go ahead anyway. 

A report from the Green Building Council shows Kiwis could save up to $1.5 billion on their annual energy bill if we moved to full heat pump adoption. 

Major America's Cup changes are coming, Interim CEO of yachting New Zealand Raynor Haagh tells Ryan the difference it'll make to the sport. 

Plus, UK/Europe Correspondent Gavin Grey has the latest on a US woman who was hired as a killer and tried to shoot a man in the UK at point-blank range.

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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
Earli edition with one roof Love where you Live news Talks.

Speaker 2 (00:09):
They'd be good morning, It is six after five and
your Wednesday morning. Great to have your company. Treasury warning,
This is before six, Treasury warning about the polytech debacle.
The America's cupboats with batteries on board? Is this still sailing?
Gavin Graham the UK for US this morning. Apparently cats
get dementia much like humans. Inflation data out of the US,
and we got some house prices for you in New Zealand.

(00:32):
Good morning. The agenda Wednesday, the thirteenth of August. European
leaders say you can't redraw Ukraine's borders by force. Trump
says a piece steel would need some territory swapping.

Speaker 3 (00:45):
Buotin just wants to talk to President Trump and go
for the old fashioned way of you know, let's divide
the territories and spars of influence. But it's clear that
it doesn't work that way because Ukraine has been very clear.
Europe has been very clear that we can't agree to

(01:05):
anything that Ukraine doesn't agree too.

Speaker 2 (01:09):
When there's a humanitarian christis on. Who do you call Madonna?
She's urging the Pope. She was raised Catholic. This is
why she's urging the Pope to go visit Gaza and
bring his quote lights to the children before it's too late.
And a social media post it says Pope Leo is
the only one of us who cannot be denied intrigue.
Two the US we go now that inflation number came

(01:31):
a bitter than expected helpsteady in July two point seven percent.
That's despite the tariffs boosting bits that the Fed will
cut rates next month.

Speaker 4 (01:39):
It's not a big bang as some had forecast. Rather,
it's a slow burn. One gets the sense that when
we get into October, November, December, which at that point
the effect of tariff on old woods entry in the
United States will be at seventeen point six percent, things
we haven't seen in a century, you'll see a much
more announced.

Speaker 3 (02:00):
Shit.

Speaker 2 (02:01):
Now to some very exciting news. The swifties will be
buzzing this morning. Dad's First is one of the world's
biggest pop stars. He's announced her twelfth album, The Life
of a Showgirl, on her boyfriend Travis Kelsey's podcast.

Speaker 3 (02:20):
So I wanted to show you something.

Speaker 5 (02:22):
Okay, what do we got?

Speaker 2 (02:24):
We got a briefcase.

Speaker 5 (02:27):
Yep.

Speaker 2 (02:28):
Nick Green tears yep.

Speaker 6 (02:31):
This is my brand new album, The Life of a
show Girl.

Speaker 2 (02:36):
Yeah, very exciting and that is some excellent cross promotion
from the two of them. But like Harry and Meghan
nine after five.

Speaker 1 (02:44):
Get ahead of the headlines on an early edition with
Ryan Bridge and one Root Love where you Live.

Speaker 2 (02:51):
News Talks, a'd me N two is the numbered text
always love hearing from you this morning. Now, there is
no doubt what's happening in Gaza is disgrace full, disgusting.
Call it what you will, as Trump rightly put it,
You can't fake starvation, can you? Kids are hungry and
when you see those pictures on the telly, you just
want to do something anything in walks Chloe Swarbriock wearing

(03:13):
her Keefer scarf in parliament.

Speaker 7 (03:16):
If we find six of sixty eight Government MPs with
a spine, we can stand on the right side of history.
It is completely unacceptable to make that statement withdrawn and
apologize to leave the house for the rest of the week.

Speaker 2 (03:32):
So there's all this whohad disruption in New Zealand's Parliament
miles away from the conflict. The question is not where
the New Zealanders and New Zealanders are outraged by what's
happening in Garza. Clearly all parties in Parliament are aligned
on that. They've all said. So the question is whether
this country of five million people, adding its name to
the majority of countries who already recognize the state of

(03:54):
Palestine will actually change anything for those starving kids. In
order for Palestine to get full UN membership, the US
must agree, the White House must agree, and they have
veto on the Security Council. So this gesture would be symbolic,
performative even and as Winston keeps pointing out, not a

(04:16):
solution without its complexities. So then the question becomes are
politicians dressing up and shouting at each other at the
bottom of the world actually helping the situation for those
children on the ground or not?

Speaker 3 (04:30):
Ryan Bridge?

Speaker 2 (04:31):
After five news talk SB, We'll get to the sailing
yet next I should say, there yachting batteries on board
the America's cup, folks? Is it sailing eleven?

Speaker 1 (04:41):
After five views and views you trust to start your day?
It's earlier this ship with Ryan Bridge and one Room
Love where you live Newstalks b.

Speaker 2 (04:51):
It is thirteen minutes after five on NEWSTALKSB. We've got
the latest QV house price numbers for you. This is
the QV House price index for the three months to
July I overall, a dip of point five percent to
nine hundred and nine six hundred and seventy one bucks.
That's your average value. Auckland you're down one point two
for the three months. Loads of stop their buyers are

(05:12):
still cautious. Toteng A City you're up one point seven
percent for those three months. Napier you're down point two. Sorry,
you're down two percent, christ Church pretty flat at down
point two and Queenstown Lakes Well, no surprise is their
biggest mover is up two point four percent. Bryan Bridge
Major America's Cup rule changes are coming. Teams must have

(05:35):
at least one female sailor on board, use batteries instead
of manual power, and stay under a price cap one
hundred and forty seven million bucks. Plus two non nationals
will be allowed on board the boats. Rayner Hag is
the interim CEO a Yachting New Zealand. Joining me this morning, Rainer, good.

Speaker 8 (05:52):
Morning, good morning, hell are you great?

Speaker 2 (05:55):
Thank you? What is this a win for women in sport?

Speaker 9 (05:59):
Why?

Speaker 2 (05:59):
Well First, why aren't there women on board these boats
already to reckon?

Speaker 8 (06:04):
Well, yeah, there's It is a journey that we're on
with our sport. But you know, this is a real
significant moment for women in the sport of sailing. You know,
in Pure America's Cup terms, it's the most substantial step
forward that we've seen towards creating equal opportunities for female
sailors and it really opens that door for more women

(06:25):
to pursue professional sailing careers at the highest level. Yeah,
that's great.

Speaker 2 (06:30):
Is there a strong community of women in the sport
ready to go?

Speaker 8 (06:36):
Yes, we believe so, you know, but you know, there's
no denying that there's still a long way to go
before our sport is to truly representative across all levels.
But not on in New Zealand has been working on
a woman and Girls strategy for the last five years
and we believe we're really making some strong progress in
our junior space with our women and girls in sailing strategy.

(06:57):
We've been focusing on tailoring programs and pathways specifically for
girls and really sharing those resources all across the country. Well,
with that strategy, Oh sorry.

Speaker 2 (07:08):
Sorry, what job will they do on board do you reckon?

Speaker 8 (07:13):
That's a really good question. I mean, there's opportunity with
the fact that there's no grinders now will even things
up physically, So I believe they can do any job
on the boat. They're doing any jobs on the boats
now and other realms.

Speaker 2 (07:26):
How why not captain the thing? And what about what
about the fact that they are using batteries? I can't
get my head around this is it? I mean, is
it still sailing if you've got what are the batteries for?
Can they not just use the wind there?

Speaker 8 (07:40):
So we don't need the grinders on the boat. It
will even the playing field physically, absolutely, And so then
it comes down to how you set your sails and
how you get your boat around the course as fast
as possible and be in front of that other.

Speaker 2 (07:53):
Boat, because how much of it will be batteries, how
much of it will be wind.

Speaker 8 (08:00):
It's probably getting a bit technical for me, but I mean,
obviously the windows is the power, but we do need
the power to control and obviously those boats are very large,
so they do need a lot of power to move
the sails around and throw the boat into places where
you want them to go. So the batteries will be

(08:23):
very important. But so we're having the right heads on
the boats and racing the boats properly.

Speaker 2 (08:29):
Who do you think we might see what female sailors?
Have you got any names for us that we might
see on board Team New Zealand.

Speaker 8 (08:36):
Wow, we've got some fantastic female sailors that are you know,
chomping at the bits for more professional opportunities. Gold medalist
Joe A. Lee, We've got Live Mackay who's involved in
the sal GB program as well already with the Black Foils,
and Erica Dawson and lots of other fantastic female sailors

(08:59):
that have come through our High Falls Olympics pathway as well. Great,
so exciting for those girls.

Speaker 2 (09:05):
Very exciting indeed, Rayner, appreciate your time this morning, Thanks
for coming on. That's Rayner Hagg, who's the interim chev
executive at Yachting New Zealand. Time is seventeen minutes after five.
Coming up next, we'll talk about the energy efficiency of
your home. If you haven't got a heat pump, apparently
you need one.

Speaker 1 (09:23):
Ryan Bridge on earlier Editia, where's one roof love?

Speaker 2 (09:27):
Where you live? News talks'b five nineteen on News talks,
there'd be willow jen Prime strikes again. Unsure where this
one's come from, but she's now claiming that at the
youth justice facilities across the country run by ordering a Tambadiki,
that there's massive meth problems. And the Children's Commission, which
is actually the one that monitors what's going on inside

(09:48):
these facilities, they've come out and said, I don't know
where that's come from. We haven't seen any evidence of that.
Minister's come out and said we haven't seen any evidence
of that either. So fight clubs, she says, fight club
and huge meth use? Where'd she get that from?

Speaker 1 (10:06):
Rain Bridge?

Speaker 2 (10:08):
Could we be better using our electricity? Well, how do
we get better use? I should say, out of electricity
in our homes? Heat pumps could ease some of our
energy woes. A report from the Green Building Council shows
KIWIS could save up to one and a half billion
bucks off our annual energy bills if we moved to
full heat pump adoption. It would also help out with
gasplay issues. Richard Briggs is with EKE, the Energy Efficiency

(10:31):
Authority and joins me. Now, Richard, good morning, good morning, Ryan,
how are you very good, thank you. So what is
how much would we save? You know, give us a
per household, your average household. What are we saving.

Speaker 6 (10:45):
On a heat pump? So you know, the way the
heat pump works is that it's basically moved ambient heat
and compresses it rather than using electrical resistance to generate it.
Typically they are about three and a half times more
efficient than a resistive heater. So when you look at

(11:08):
it on a national level, yeah, that's a significant amount
of energy efficiency. About sixty percent of homes use a
heater today. They cost around four thousand dollars to buy,
so they're not cheap. They're quite expensive, but very very
cheap to run, significantly cheaper than a resistance heater. So

(11:31):
probably savings in the order of about one hundred and
eighty dollars a year per household.

Speaker 2 (11:37):
So it's significant. But the problem is the upfront cost, right,
That's that's why people haven't switched.

Speaker 6 (11:45):
Yes, you know, what you've got to look at when
you look at these appliances is if you're in the
position to be able to do so, is to look
at the total life cost of those you know, typically
appliances that are more energy efficient, higher upfront cost, but
the operating costs are so much lower that when you
look at it over a period of time that significant

(12:07):
savings can be made.

Speaker 2 (12:10):
And in terms of the increased demand for electricity, I mean,
if everyone switched to a heat pump, we'd be using
more electricity. Presumably would that push the price up?

Speaker 6 (12:22):
Well, you've got to look at the If everyone uses
more electricity, of course the price goes up. But the
conversations we're seeing that the market at the moment is
all about more supply. We just need more supply, and
you know, by increasing supply does come at a cost,
and that cost ends up with the bill payer. But
our role is the government lead agency on energy use.

(12:45):
We're focusing on the demand side, and so we need
to ensure that the energy we do have available now
is used efficiently and heat punch is a good example
of that. But every killer, whatever you don't use it
is a killer. What hour that doesn't need to be
generated and distributed? So there's the savings to be made,

(13:08):
and so you know we've identified through modeling that right
now is up to twenty percent of what we consume
today across homes and businesses can be reduced and that's
a combination of more efficient appliances. I mean, everyone eats
their homes today and if they transferred to a heat pump,
there'd be that savings, yeah, which is a significant amount

(13:34):
of reduction. When you look at new generation, you're probably
looking at a cost of around sixty to seventy dollars
a Mega what hour, whereas energy efficiency measures would cost
New Zealand probably the magnitude of fifteen to fifty dollars
a Mega what hour. So it's actually better to use
energy more efficiently than just to seek to generate more

(13:55):
than use it inefficiently.

Speaker 2 (13:57):
Richard, appreciate your time this morning. Interesting stuff. Richard Briggs
with the Energy Efficiency and Conservational Authority ECA. It is
twenty four minutes after five on News Talks YB. I
tell you what you should do to make your thing
run better and more efficiently. It is clear the dust
out of it and did that yesterday? Geez filled the
bin twenty four after five.

Speaker 1 (14:17):
The early edition full show podcast on iHeartRadio Power by News.

Speaker 2 (14:22):
Talks AV News Talks B twenty six minutes after five.
People have been looking at the poles and it was
at home yesterday looking at all the stories about the polls.
I don't think people are telling polsters that they would
vote for labor because they would actually vote for labor.
Labour hasn't got any policies. They are an empty vessel.
It's captain still, according to most recent polling, less popular

(14:45):
than Luxen. This is a protest vote. They're telling the
Prime Minister, hey, hurry up and do something else to
rescue the economy that the last lot and the trade
will have suppressed. You don't throw the baby out with
the bathwater and back a team that has no plan.
That clown, literally a clown that's running in the Wellington
meryal race, has more policies than hipkins. Right now, he

(15:07):
wants to turn the base and Reserve into a swamp.
Sure it's mad, but at least it's a policy. Late
last year and earlier this year, the recovery was on track.
It was heading in the right direction. That we got
hit by Trump's Liberation Day. Confidence and investment took a
massive hit. The markets were in free fall. Remember that
it wasn't that long ago, but you do forget. It's

(15:29):
thrown everything. Of course, now you can argue that National
went too hard and fast on cutting the spending and
stopping infrastructure projects. But at the same time they were
voted in to stop wasteful spending on dumb stuff. That's
what we asked them to do. Many think that hasn't
actually gone far enough. Just yesterday we learned of one

(15:49):
hundred jobs going at the Reserve Bank, which under Adrian
or wanted a budget of more than a billion dollars
and to keep twice the number of staff that they
started the pandemic with. Does that sound reasonable to you?
This comes down to a question of who is best
place to invest in this country, the private sector or

(16:11):
the state. The answer of courses a bit of both,
but it's chicken or egg stuff right now. One thing
is for sure. If the only thing capable of keeping
this country afloat is government borrowing like the last lot did,
then we'll only ever end up back in this same
position over and over again. The medicine needed to dig

(16:33):
us out of this hole is nasty, tastes, disgusting, completely unpalatable,
but the disease it's treating was worse. Brian twenty eight
minutes after five news talks, he'd been nine two nine
two is the number to text Ryan. The crew on board.
The ac boats are now just decoration. This is about
the changes to America's cup, says Andy. They now just decoration.

(16:55):
They could easily be sailed remotely by shore based personnel.
Interesting point. I mean you got boats with batteries, no
one actually you know, working hard on board, just steering
the ship. Maybe you could do it remotely. Maybe they'll
have remote controls one day, Johnny says Ryan. I love
that women are now on the boats. Finally catching up

(17:17):
twenty nine minutes after five News Talks VB. We'll get
to Gavin Gray in the UK our reporters next and
to pooking Up. How much is it really going to
cost us this shakeup? News Talks VB.

Speaker 1 (17:33):
Yeah, the news you need this morning and the in
depth analysis early edition with Ryan Bridge and one Roote
Love Where you Live News talkst B.

Speaker 2 (17:53):
Good morning, Welcome to your Wednesday. Twenty four minutes away
from Sixpenny Simmons, the Minister vocational, talking about to Pookinger
on changes big changes that the cheese made and she
had a warning from Treasury. Actually it could be more
expensive that and otherwise would have been She's with us
before sex. Gavin Gray in the UK before that too.

(18:14):
I see Wayne Brown's calling for his bed tax again.
It's not going to happen. Government's not interested. But there
you go, front page Herald this morning and loads of
people texting in about the heat pump. We were talking
to Eca and this one from this is an example.
For you four thousand dollars to install a heat pump,
Ryan one hundred and eighty dollars annual savings from doing so.

(18:35):
It would take you twenty plus years to recoup the costs.
This thing would need replacing twice over that timeframe. So
the economics just don't work out. And this is the
people who have got electric heaters as opposed to heat pumps.
It's a good point. Twenty three to six bread our
reporters around the country. Calum Procter Andnedin this morning. Calum,
good morning. All right, hey, farmers are happy with this

(18:57):
extension to the water consents down there? Yeah, Look they
are a.

Speaker 7 (19:01):
Lot of these water use permits for crop and grass
farming or other agricultural activities were set to expire soon
with renewed costs and uncertainties for farmers. But these amendments
to the Resource Management Act mean that consense granted since
March twenty twenty for periods under six years, will now
automatically be renewed for another five years. Federated Farmers has

(19:24):
told us that the extension will provide farmers with confidence
to keep investing in their businesses and make environmental improvements.
But at this stage it's only a short term solution.

Speaker 2 (19:33):
Okay, callum, how's your weather? Morning?

Speaker 7 (19:36):
Fog and frost about this morning for duned, but a
fine day Northali's eleven the heigh today?

Speaker 2 (19:40):
Enjoy, thank you, hey clear and christ jitch, how are
you good?

Speaker 5 (19:43):
Well?

Speaker 2 (19:44):
Thank you very good. Now tell us about the mental
health services there better but no one's really feeling it. Yeah.

Speaker 10 (19:50):
This is on the back of that big review that
was launched in twenty twenty two. Effectively, Health New Zealand
has now apologized after this big review that Spann and
several years has found significant failings contributing to the murders
by two Hillmorrton Hospital in patients that happened here in
christ Church in twenty twenty two and again in twenty

(20:12):
twenty four. This review has found several failings across our
inpatient service here. Health New Zealand says, look they have
made some progress already on the eighteen recommendations that are
in the report, but the Mental Health Foundation Chief Executive
Sean Robinson says sadly he's not surprised to see how
many issues were found at Hilmorton Hospital. He says it's

(20:33):
the result of just how neglected the mental health service
has been over probably decades, he believes. Now we've spoken
with Katie Neil who works at Hilmorrton Hospital. She says
the inpatient units actually remain understaffed and staff continue to
feel unsafe there. She says, need is definitely outweighing the
amount of available resources. That's both when we talk staffing

(20:54):
and also bed numbers.

Speaker 2 (20:56):
How's your weather, Claire, Really cold.

Speaker 10 (20:59):
This morning and foggy, but should clear to We are
fine afternoon. Northeast of these the high ten.

Speaker 2 (21:05):
Nice one and Lachlan Renie has news for Wellington this morning. Lochland.
Good morning morning, Ryan. Now what's going on in Lower
Hut of the cars?

Speaker 5 (21:13):
Yes, a Heart City Council was making all parking meters
cashless after thirty have been intentionally damaged or destroyed since
the start of the year. The Council's forked out over
one hundred and fourteen thousand dollars so far as here
to replace the meters, despite thieves taking just under three
thousand dollars in cash. Head of Environmental Protection Justin Roberts
called the crimes completely pointless as it can cost up

(21:36):
to seven thousand dollars to replace just one meter. Conversion
to card only payments will begin on Monday is expected
to be completed within two weeks.

Speaker 2 (21:45):
All right, how's well is weather?

Speaker 5 (21:46):
It's mainly fine today with the chance of morning shower.
Southerlys was easing in the evening, a high of ten
degrees today.

Speaker 2 (21:52):
Nice one, Thank you Lachlan. Good to see you. And
let's go to Neva who has news out of Auckland
for us this morning.

Speaker 1 (21:58):
Would welcome back.

Speaker 2 (22:00):
You never tell us what's Wayne Brownie wants this. It's
not going to happen, but he wants to.

Speaker 11 (22:05):
Yeah, look he's saying it again. Come on now, calling
on the government consider this bid tax. Yes, that's right,
it's the lead in the herald this morning. So the
Auckland Mayor's claiming this would be a vital step towards
revitalizing the city struggling economy. Brown says there's no reason
the government couldn't make a midnight levy. Neugent priority have
it in place by next year. He's saying that, Look,

(22:26):
the sector supports a bed tax and most Aucklanders do too.
But you're right, it's back and forth, back and back
and forth.

Speaker 2 (22:32):
And they just keep saying no. I think they need
to rebrand it. It's got the word tax in it,
which National doesn't like of course, because it makes it
sound like, you know, they're going to increase taxes on people,
so they just need to reach a levy. Maybe that's right.

Speaker 11 (22:45):
And I think too after last week when the unemplrovement
figures came out in Simon Bridges, you know, Auckland had
that six point one, had a huge increase in unemployment
and thought, come on, something's got to happen. So he's
jumped on that bandwagon as well.

Speaker 2 (22:57):
I think they're all on board. How's our weather okay?

Speaker 11 (22:59):
Fine, morning frosts, a bit of a chilli start. Fifteen
is the high.

Speaker 2 (23:03):
Nice one, Thank you, Neva. It is nineteen minutes away
from six. We'll head to the UK next. They're the
US woman who was hired to kill a brit now
going through the courts, and then we'll get to Penny
Simmons on treasuries, warning over this polytech d merger, how
much that's going to cost us? All ahead news talk
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Speaker 1 (24:36):
International correspondence with Nzen Eye Insurance Peace of Mind for
New Zealand business Quit to fix.

Speaker 2 (24:42):
On news talks there b Let's go to Gavin Gray,
a UK europe correspondent. Gavin, Welcome to the show. What
is the latest with this US woman who was hired
as a killer to shoot a British man?

Speaker 9 (24:54):
Yeah, really bizarre court case and bizarrely the victim actually
managed to sub because although she shot him at point
blank range, the gun jammed.

Speaker 2 (25:05):
Well.

Speaker 9 (25:05):
Today, that woman, Amy Betro from Wisconsin, has been found
guilty of conspiracy to murder. She flew into the UK
as part of a plot to attack a British family
in Birmingham back in twenty nineteen. This would have come
to court earlier, but she then went on the run
for just about five years. Her co conspirators, Mohammed Nazir

(25:27):
and Muhammed Aslam, were involved in a family feud with
the intended target Betro wore a knee cab on the
day of the shooting to disguise herself and then fired
shots at the target. But as I said, the gun jammed.
Police believe Betro virtually had no criminal past prior to
the murder plot and she's due for sentence next week.

Speaker 2 (25:50):
Goodness, me Andkevin tell us about this other story, the
kets out of Scotland. You research on kets and dementia.

Speaker 9 (25:58):
Yes, well it's long being wreckedgize that elderly cats often
do suffer from dementia, and now scientists at the University
of Edinburgh in Scotland have discovered the way felines developed
dementia is similar to humans with Alzheimer's disease, and the
experts at the university carried out post mortem brain examinations
on twenty five cats which had symptoms of dementia in

(26:21):
their lives, and they found a build up of amyloid beta.
That's a toxic protein which appears to block the junctions
of brain cells and reduces the flow of messages between
those brain cells. It leads to reduce memory and cognitive abilities.
The scientists studying Alzheimer's have used genetically modified rodents in

(26:42):
the past for studies, but they don't naturally suffer from
dementia rodents, so using cats to study the conditions is
leading to hopes of a breakthrough in research for both
cause and cure.

Speaker 2 (26:53):
Well, that would be a promising development, and Dave Gevin
appreciate that. Devin Gray are UK europe correspondent. Time now
is twelve minutes away.

Speaker 1 (26:59):
From so rain Bridge.

Speaker 2 (27:02):
They do much, you know, they don't remember to do
much do they just basically eat and sit in the sun.
Cat's twelve minutes away from six on Newstalk seb Right
turns out, Treasury warn the government that breaking up to
Pukinger could leave polytechs worse off. Documents released to News
Talk SB say the changes may not even fix the
financial problems that they had before the merger to begin with.

(27:23):
Penny Simmons as the Vocational Education Minister joins us now Minister,
good morning.

Speaker 12 (27:28):
Good morning, Ryan.

Speaker 2 (27:29):
Did you see these documents?

Speaker 12 (27:32):
Oh, yes, of course I saw them. Yes, but we
had a range of advice from Treasury over a number
of months, and more recent advice than what they gave
us in March as well.

Speaker 13 (27:42):
What did the more recent advice say, look Treasuries concern,
of course, is whether the sort of work that we've
been doing, the financial work we've been doing over the
last eighteen months with financial advisors with each polytechnic getting
their pathway to viability, whether the polytechnics would be able

(28:03):
to undertake that.

Speaker 12 (28:04):
That's why we pushed the decisions outright till July, to
make sure that we could see they were making progress
on those pathways to viability. So if we did nothing,
Treasury would be quite right, there'd be quite a high
level of risk. But we haven't done nothing. We've spent
eighteen months, as I said, with financial advisors working with

(28:26):
each individual polytechnique, getting rid of programs that aren't viable,
getting rid of excess at staffing levels, reducing unnecessary expenditure,
and bringing discipline back to and a business like operation
back to the polytechnic. So that work that we've been doing,
as well as identifying over one hundred million dollars worth

(28:47):
of unused or underused assets that need to be sold
as well and sourcing the additional twenty million that we
reprioritize from back office TC to port some of the
unviable strategic provision that we need in certain geographic regions,
but also that we need for our specific delivery and

(29:10):
for example, forestry and the primary sector. So we've done
a lot of work to make sure that the polytechnics
are in the best possible financial state to stand up.

Speaker 13 (29:20):
So we will still got a lot to do.

Speaker 2 (29:22):
We won't need to subsidize any of them.

Speaker 12 (29:25):
We've still got a lot of work to do on
how much that aren't stood up?

Speaker 2 (29:28):
How much real thatful? Because the contingency is one hundred
and sixty odd million, right, one hundred.

Speaker 12 (29:33):
And fifty seven. No, we're not anticipating having to go
beyond that. We're hoping we won't have to use.

Speaker 13 (29:39):
All of that.

Speaker 2 (29:40):
Okay, let's say we use one hundred and fifty seven
million of contingency. That's a lot of money. Will will
these polytechs be in a better financial position after we've
spent that money than they would before we spent it.

Speaker 12 (29:53):
Yes, they will because we've done all this work. And
remember that Taepoukinga had said they needed nearly another billion
dollars over the next ten years to be operational.

Speaker 2 (30:04):
So what about this thing the Greens are saying that
they're disestablishing some of them in person teaching, including cutting
some programs. This is a Northland around forestry and horticulture,
is that true.

Speaker 12 (30:15):
That's the work that we're putting the twenty million into
areas that we need to keep face to face in
areas like the Far North and the East Coast where
there are a high number of young people not in
educational employment.

Speaker 2 (30:30):
So you won't cut There'll be a guarantee you won't
cut in person teaching of horticulture and forestry in the
North and.

Speaker 12 (30:37):
In the East if the numbers are there to do it.
But we're not going to subsidize courses that have got
two or three people in them. That just doesn't make sense.
So if there are numbers, if there's demand for the
courses and they're not viable because of the nature of
the delivery, then that's what the Strategic Fund is for.

Speaker 2 (30:58):
Penny, appreciate your time. Penny SIMMONSZEV, Scational Education Minister. On
news talks, he'd be eight to six. Mike here next,
the first Word on the News of the Day Early
edition with Ryan Bridge and one roof Love where you
Live News talks, he'd be six the six. On news talks,
he'd b and Mike is in here with you next,
as he always is, Mike, good morning, Good morning. What

(31:18):
is a What makes sailing sailing? That's my question this morning,
because you've got batteries on board these boats.

Speaker 14 (31:24):
Now you've always had batteries on board I mean doing
what well, I mean, it depends on what sort of
sailing boat. I mean, do you think that it's not
eighteen thirty five? You realize when they run radios and
electronics on board the boat and stuff.

Speaker 2 (31:37):
These batteries are power helping you.

Speaker 14 (31:40):
Yeah, they replace the cyclaws.

Speaker 2 (31:42):
So are they sailing boats?

Speaker 14 (31:44):
Yes, well, if it's got a sail, I mean you
could argue they've they've had a wing for a long
period of time and really it's just an aeroplane wing,
which is not a sale of it's not a sail
then it's not a sailboat. But they're not calling it
a sail boat. They're calling it sailing or yachting. It
is a yacht, and a yacht is something that's X
long with a thing that sticks up that catches the
win coaches. The interesting thing, I'll tell you what's Grant

(32:06):
Dotton's on the program this morning, by the way, what's
interesting about it? For me is that, Well, there's a
couple of things that are interesting. They've got a cost
cap in bold, which is very F one, and they've
also got which may or may not. I'm interested to
find out, because if there's a criticism of the America's
Cup at the moment, it's that they don't get the
entries they used to and so it's prohibitively expensive to enter.
You don't want a thousand people entering, but you want

(32:27):
probably more than four or five, you know what I mean.
If you look at F one, F one's got ten
teams expanding to eleven. So the demand's there. I just
don't know the demand is there at that level of
the America's Cup for you know, six, seven, eight, nine
potential contenders to get and which is what you want. So,
in other words, you want to contest at the start
that you can work out. You've got no idea how
it's going to unfold, which is what makes it interesting.

(32:48):
The other thing is the women on board. And the
problem with putting a woman on board and mandating a.

Speaker 2 (32:52):
Woman is every go no, no. The point is do
they get there a woman?

Speaker 6 (32:57):
Do they know?

Speaker 14 (32:58):
Do they get there?

Speaker 2 (32:59):
But on their own?

Speaker 14 (33:00):
So in other words, I don't see a gender issue
in sailing or yachting at all, do you.

Speaker 2 (33:04):
Well, there was when you had the cyclist because physical
that's physical power.

Speaker 14 (33:10):
But I mean, if you earn your way on board,
you deserve to be there.

Speaker 2 (33:13):
But if you're appointed, it's a quota system.

Speaker 14 (33:16):
So you know, so the same way you put a
woman on the board.

Speaker 2 (33:19):
Should a woman be on the.

Speaker 14 (33:19):
Board, absolutely if they're good enough to be on the board,
But are you appointed because of.

Speaker 2 (33:24):
Your argument would be that you create a pathway? You know,
I know what you're doing.

Speaker 14 (33:29):
But I mean, if you are the woman on board
the boat, you're there because you're brilliant, or the year
there because someone changed some rules and bang, there you go,
you got a job.

Speaker 2 (33:36):
You see what I'm saying. It's the latter, you know
what I'm saying.

Speaker 14 (33:38):
So anyway, so we'll talk to Grant about that and
other matters the morning. And we've got good news and
bad news on the How goods know.

Speaker 2 (33:44):
This hotel and close to you to absolutely brilliant, looking
forward to looking forward to it, Mike. It is three
minutes away from sex. Micas here with the next and
I will see you tomorrow. Have a great day. Everyone.

Speaker 1 (34:00):
H For more from Early Edition with Ryan Bridge, listen
live to News Talks it B from five am weekdays,
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