August 25, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Tuesday 26th of August 2025, The Reserve Bank’s giving capital rules a second look, Simplicity Founder Sam Stubbs shares his thoughts.
The Retirement Commission is warning that self-employed people are investing at less than half the amount into their retirement than that of employees.
University of Auckland sociology of education professor Elizabeth Rata tells Ryan whether an A-grade today at university worth the same as an A-grade 20 years ago.
Plus Australia Correspondent Lesley Yeomans has the latest on Erin Patterson returning to court.
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Speaker 1 (00:01):
The issues, the interviews and the inside. Ryan Bridge on
an earlier is show with One Root Love where you
Live News Talks.
Speaker 2 (00:09):
It'd be Good Morning Tuesday. It is six half of
five Sam stubs on Banking Capital. This morning. We're in
Australia for the Mushroom. Lady updates self employed retirement savings.
There's a gap, we ask why and how to fix it?
And a new report out this morning says universities are
throwing a grades around like Oprah with cars all but
willy nilly, what's behind that? That's first up here on
(00:31):
early edition.
Speaker 1 (00:34):
The Agenda.
Speaker 2 (00:34):
Tuesday, the twenty sixth of August, more journalists killed by
an Israeli strike on a hospital in Gaza. They worked
for AP, Reuter's and Al Jazeera.
Speaker 3 (00:42):
Journalists are present in a lot of health facilities because
they are covering the mass casualty incidents that occur every
minute of every day in Gaza, so they're always present
outside the emergency department. It certainly seemed a targeted attack,
as have many overs twenty two months, directly targeting both
(01:02):
members of the media and protected civilian infrastructure such as
hospitals and other health facilities.
Speaker 2 (01:09):
To the White House, Trump is currently hosting and setting
down with South Korea's president. Actually, Glenn and I were
just talking about their having a press conference at the moment.
How much gold there is in the Oval Office. We
know Trump likes gold. He's sort of doubled or even
trebled the amount of gold that is behind them in
the photo ops. Anyway, they still have to flesh out
these two leaders details of the trade deal that they
(01:29):
announced in July. Defense on the agenda.
Speaker 4 (01:31):
Too, in terms of what's been already agreed in terms
of trade so earlier in the year. In July, actually
Trump reduced tariffs from twenty five percent to fifteen percent,
which is a huge deal for automobile makers such as Hondek,
Yeah and Genesis. At the same time, South Korean chip
makers like Samsung and s K Heinix have also benefited
thanks to their factories in the US, but industries like
(01:54):
steel and aluminium still face steep tariffs.
Speaker 2 (01:57):
Five forty five. This morning, we're across the Tatsman with
Leslie Yeoman on the Mushroom Killer Lady. She's back in court,
the sole survivor. His name's Ian Wilkinson. He spoke about
his wife, Heather. She died after eating the beef Wellington.
Speaker 5 (02:09):
She was a great mother, compassionate, brave and kind. Mister
Wilkinson told the court, I only feel half alive without her,
He said, breaking down is a truly horrible thought that
somebody could decide to take her life.
Speaker 2 (02:24):
Sentencing eighth of September for her and what does she
have in her prison cell? Really weird part of the story.
I'll tell you about that later on the show.
Speaker 1 (02:32):
The first word on the News of the Day early
edition with Ryan Bridge and one roof Love where you Live.
Speaker 2 (02:39):
News Talks, I'd be nine two ninety two is the
number of text love to hear from you this morning.
But complicated this banking stuff. But basically they one of
the reserve bankers proposing that they loosen the capital requirements
for your retail banks. That's how much money they have
to keep on hand, which costs them to do right,
there's an opportunity cost of them not using that cash
(03:00):
for lending, which would generate revenue, which would generate profits.
So the less they hold, the more it costs them. Sorry,
the more they hold, the more it costs them. But
the less they hold, the risky of the system is
if things go tips up and suddenly everyone wants their
money and the banks can't afford to pay because they
don't have enough capital. Then that's a problem. So the
(03:21):
Reserve Bank's getting a bit looser and proposing to get
a bit looser again on now that Adrian All's out
the door on how much they have to hold. And
this will affect competition in the banking sector. It will
and could affect economic output of the country because there
would be more money to lend. So they're consulting on
this at the moment. Government's keen. Farmers are keen. The
(03:43):
Commerce Commission's keen. They had that report last year. The
Finance and Expenditure Committee, they're keen, they said on Friday,
we told you that yesterday. The banks obviously are keen.
The rules at the moment are amongst the strictest of
countries that we would compare ourselves to. So Sam's Stubbs
from Simplicity has a view on this, he joins us
before six John ten after five. Now, this morning I
(04:07):
happened to cross an article about our favorite couple, Harry
and Meghan. They're just shameless, you know, no one likes them.
They have to make money though don't they because they're
not getting they're not able to suck on the British
teat any longer. So and they need to keep paying
for the nanny, and they need to keep nannies, I
should say, if you've seen the shows, and they need
(04:28):
to keep paying for the groundskeepers in their Montecito mansion.
So the latest iteration of the latest idea of being floated.
And I don't know whether there's flying a kite with
this or what, but apparently they are considering a Netflix
show about Princess Diana. I know, you go, oh, you cringe,
(04:48):
and I was thinking about this this morning. You do
cringe and you think, gosh, that's exploitative all that stuff.
But it's also his mum. You know, it's his mother.
If he wants to talk about her, then that's his prerogative.
She's not public property any longer. The thing would rate
its tits off, you can be sure of that. So
(05:10):
I don't know. I think, yes, it feels a bit ecky,
but at the same time, it's not my mother. It's
his mother, so it's probably his choice in life to
make Eleven minutes after five News Talks VB, we'll talk
about this new report next on universities. If your kid's
got an A at UNI? Is it really an A?
Speaker 1 (05:28):
Get ahead of the headlines on early edition with Ryan
Bridge and one roof Love, Where You Live, News Talks VB.
Speaker 2 (05:36):
News TALKSB. It's fourteen minutes after five. The data continues
to be all over the place a little bit at
the moment. You did we actually shrink in the June quarter?
The blip that everyone's been talking about the reserve band
reckons we did? They told us the other day we
went backwards. They used to make point three percent. But
then yesterday you get the stats in Z data out
on retail sales volumes. Surprisingly, they lifted for June up
(06:00):
point five percent for the quarter. That's up two point
three percent from a year ago. So you go, what's happening?
What's happening? Well, the data is just all over the place.
You know, did the recovery actually stall or did it
just flatten? We will find out on the eighteenth of September.
That's when we get our actual June data and we
can be sure. It's fourteen after five. Newstalks at b
(06:22):
Ryan Bridge. Is an A grade today worth the same
as an A grade? Twenty years ago. A new report
out this morning from the New Zealand Initiative shows the
proportion of A grades given out at universities has increased
seven percent to thirty five percent. This is since two
thousand and six and during COVID get this, nearly half
of all marks were a's. So are we just giving
(06:44):
out as willing Nelly Elizabeth A Data is Sociology of
Education professor at the University of Auckland with me. Now,
good morning, Oh good morning, Ryan, Good to have you
on the program. Tell me what are we just handing
these A grades out? Or are the standards dropping or
students getting smarter?
Speaker 6 (07:02):
Well, I think the really good thing about the Cursted
report is that from the New Zealand Initiative is that
it actually gives us some empirical data which we've needed
for a long time. So we know now we've got
the got the evidence that there is a problem, and
I think it's time to have a really close look
(07:23):
at all the factors that have produced this problem, because
you know, I've been at the University of Auckland for
four decades now and yeah, it's my experience that this
has happened, But I haven't had the evidence until now,
so it's really good to see the report.
Speaker 2 (07:41):
Why is it happening?
Speaker 6 (07:44):
Oh gosh, Well, lots of factors, but what I think
it boils down to is that there's been a real
cultural shift over the last twenty thirty years from merit
to equity, the idea that everyone should succeed, you know,
the equal outcomes approach, and that's and that has been
(08:04):
anticipated by NCA, so that we've now got the we've
got students expecting to receive a's and not realizing that
you actually have to work extremely hard and you have
to have real ability and a subject to get an
A and not everyone does. But as I say, over
(08:25):
the last few decades, there's been an assumption that everyone
should be able to achieve the same standard.
Speaker 2 (08:33):
Some academics apparently have said that they've been told instructed
by their faculty to give a's to people who basically
just for showing up. Have you heard of anything like
that happening.
Speaker 6 (08:44):
I've heard about it. My own experience is that there's
just a societal pressure and the students they feel the
pressure to that they expect to get highmarks. It's what
they've encountered at secondary school in the NCAA. You know
(09:04):
they will take subjects. Not all students, of course, but
a number do take subjects where they can be sure
that the subject isn't too demanding that they will get
a high mark. So there's this sort of culture of
expectation that is not really founded in the actual ability
(09:26):
and the hard work of all students.
Speaker 2 (09:29):
Elizabeth, what's a really quick way to work out who
is actually an A level student?
Speaker 6 (09:34):
Oh gosh, well, it's to get them to write essays
and to do external exams.
Speaker 2 (09:39):
Appreciate your time this morning, Elizabeth at Artzer, Sociology of
Education professor at the University of Auckland. Time now is
eighteen minutes after five. What proportion of self employed people
do you think if you had to guess this morning,
what proportion of self employed people are making? Key we
save a contributions saving for their retirement. I'll tell your
next news talk set B.
Speaker 1 (10:01):
On your radio and online on iHeartRadio early edition with
Ryan Bridge and One Route Love where you Live news talks.
Speaker 2 (10:09):
They'd been five twenty on news talks, they'd be We'll
get to Sam Stubbs before six. On the bank capital
requirement changes, what does it mean for all of us
first self employed people. A bit of a warning for
you this morning from the Retirement Commission self employed people
investing less than half the amount into their retirement than
that of employees, meaning they could miss out on your
government contributions. If it's KIWI Saver. James Fuller is the
(10:32):
Henry CEO joins me. Now, Hey, James, Hey, good morning.
This is not surprising, right because it's optional.
Speaker 7 (10:40):
It is, it's not surprising. But I think with the
recent changes in the twenty twenty five budget, the problem
that we're going to face is that fewer and few
are self employed are going to contribute to kiwisaver now
that the government contribution has been halved.
Speaker 2 (10:53):
Do you think it's an education thing or a cost
of living thing.
Speaker 7 (10:58):
I think it's a combination of the two. I think
self and point are fully aware that they can voluntarily
pay in today's see favor, but I think the challenge
becomes that there's no incentive for them to do so.
So over the last three years, eighty nine percent of
government contributions towards KII Saver have gone to salaried employees
and only seven percent have gone to the self employed.
And that's very stark at contrast, so the fact that
(11:20):
there are twenty percent of the workforce of self employed.
So it's a real disparity there from what the government
is doing.
Speaker 2 (11:26):
When someone because on your app, when someone opts out
of Kiwi Savor, do you try and tell say to them, hey,
don't do that. Here's the potential implications of that.
Speaker 7 (11:39):
We provide a lot of education to our customers. We
don't give them advice around these sorts of things, but
we do encourage them to get financial advice. I think
the key thing though, is that a lot of people
are opting out simply because the government is not contributing
as much as they were. So now that government contribution
has been halved, we've seen a large number of self
(12:00):
employed people decide, actually, I'm going to try and put
my money elsewhere. And the danger there is that they
start putting their money into maybe sort of higher risk,
shorter term investments, and that means that they won't have
enough retirement savings. And you know, it's a bit of
a short term a stress strategy from the government, because
long term, we're potentially creating a generation of soul traders
who are going to become a burden on the state
(12:23):
when they come to retirement age because they won't have
any savings.
Speaker 2 (12:26):
Or they could. I mean, the soul traders are often
quite smart people and think for themselves. They might have
other alternative investment options that they think, as you say,
this one's not giving me what it used to do,
I'm going to move it over here and it's a
long term thing and I'm going to make more money
out of it.
Speaker 7 (12:44):
Yeah, yeah, absolutely right. Soul traders are incredibly resilient about
this kind of stuff. You know, after ki we save.
The most common place for them to put their money
is specialist savings accounts, which is sort of thirty two
and a half percent of them are putting money aside
in savings. There the challenge with that, we're seeing interest
rates dropping, so the value of those special savings accounts
is dropic and doesn't provide some of the financial stability longer.
Speaker 6 (13:06):
Term that seems like que savor do.
Speaker 7 (13:07):
So we should really encouraging everyone across New Zealand to
be paying into.
Speaker 2 (13:12):
That quis savor.
Speaker 7 (13:12):
And actually sometimes it's down to the government to actually
provide a level of as you said, education, level of
incentives to actually get from twelve people back onto.
Speaker 2 (13:20):
The Kii Saver train. James, appreciate your time. Thanks, thanks
so much for coming on the show. James Fuller the
Henry CEO with us this morning, twenty three minutes after five.
I've always wondered why there isn't a more flexible option
as well for Kiwi Saver. You know, why can't you
contribute one percent or two percent? Why does it have
to be a minimum of three? It was surely it
(13:41):
would be better than zero. You know, nine two nine
two is the number to text. Time is five twenty four.
Big debate last night for the Tamaki Makodo by election.
I was tuned in. I'll fill you in on what happened.
Speaker 1 (13:54):
Next the early edition Full the Show podcast on iHeartRadio
powered by Newstalks Ever.
Speaker 2 (14:02):
News Talk ZB. It is five twenty six. At the
rate it's going this by election could cost Labor the
real election. Penny Henada is popping out policies toxic to
the general electorate, but very popular with the ten thousand
odd voters that he will need to win Tammocky Mikoto. First,
it was bringing back the gang patches. You would have
heard about that. Labor then had to hose that down
left Middle New Zealand scratching their heads though, didn't it
(14:24):
Because we've been there, done that with gangs where over it.
We just want them sorted. Labour lost the war on
crime and with it the mandate to govern. You might
think it's an issue that they would just steer clear of,
but not Penny, Labour's electoral kryptonite. Last night he was
back at it. I was watching the debate well with
Ordine and Penny, which was actually quite a good debate.
(14:45):
I enjoyed it. Penny was asked about the cost of
living and he said that when Labor was in power,
they were in talks with EWI to build a third
supermarket chain across the country to compete with the duopoly.
Last Night's said they'd support it again if elected. Here
is what he said.
Speaker 8 (15:04):
When we were last in power, we were working closely
with EWE to introduce a third grocery provider into the
market to allow our funder to experience cheaper cope and
to make sure that EWE are part of delivering the
answer for our finance.
Speaker 9 (15:16):
So are you talking about a Kiwi Kai supermarket chain?
Speaker 8 (15:19):
We're talking about EWE leaded New Zealand chain that will
supply our funder.
Speaker 2 (15:23):
Ere we lead, but funded by hope. This is the question,
what does support mean? Does that mean taxpayer funding? In
twenty twenty three they were talking about doling out loans,
maybe even grants or taxpayer support to secure land for
a third entrant. Now, there's nothing wrong with an e
WE lead supermarket chain. There's nothing wrong with a third
(15:44):
chain at all. Hell, we would all like to see that.
But do we want it to be taxpayer supported? That's
the question. If private capital can't make it work at
these prices, what chance would the state have. The problem
with this stuff is it feeds that perception. The only
response labor has to anything is more money, throw more money.
(16:05):
Can we build anyone? There's a philosophical question here which
Hipkins needs to answer. But of course Hipkins isn't answering
in questions because he's got a ban on policy till
at least Christmas Ryan Bridge, twenty eight After five News
Talks B nine two nine two the number, Ryan. I
work with a lot of self employed tradees. This is
(16:25):
about retirement savings from Graham, Good morning Graham. While I
think some may be investing for the future, most seem
to be putting their spare cooint into their pokey plans,
so not really come on, Graham, Craig's more sensible says,
why would a self employed person invest in key we
saver when a lot of us have debt for our businesses.
We invest in paying off debt when we can. Thanks Craig, Craig,
(16:46):
appreciate your feedback this morning. I really don't want to
do this to you. In fact, i'll I'll do it
when we come back from news. But there was a
story out yesterday which reinforces everything you hate about local councils.
It's to do with a party that was held in
Auckland and my blood was boiling yesterday afternoon, so I'll
(17:07):
bring that. I'll read that to you next. Also, Auckland's
getting a new McDonald's. Sorry, Monica, I know you said
no you didn't want one. Well some of you didn't
want one. And Monica, there's a big, brand spanking new
drive through Comington Newmarket. One heck tear in size and
non notified. Two News Talk, said b Sam Stubbs on
Banking before six.
Speaker 1 (17:33):
News and Views you trust to start your day, It's
early Ediship with Ryan Bridge and one roof love where
you live.
Speaker 2 (17:42):
News Talk SEDB, good morning, it is twenty four away
from six year on news Talk, said B. It is Tuesday,
and we'll get to the banking capital changes of the
proposed changes just before six this morning. Also Ourustralia correspondent
Liz the Yeomans will join us. This is why people
(18:03):
hate counsels. I promised I talked to you about this.
I read this story yesterday. My blood was boiling spending
our rates money on basically private piss ups cocktail party.
This was to celebrate the centenary of the Nathan Homestead
and Pookie Pooky didn't invite you and me, we were
No one sent us an invite. It was a private event.
(18:24):
Counselors were there, Who's who were there, all doled up,
dressed to the nines and punching back liquor that we
paid for. Thirteen thousand dollars was the build. This was
in twenty twenty four and there was a jazz band.
They even had nineteen twenties swing dancers, all of this
amazing stuff. While we're struggling to put food on the table,
they're all just chugging back cocktails that we've paid for
(18:49):
the Monay day were local boarders, the group that you
want to be mad at. Thank you very much for
your kind donations. Auckland our rates, by the way, nearly
six percent last year. It is twenty three away from
six shadow Our reporters Jamie Cunningham for Duned and Jamie
good morning, Good morning, Hey, this is great news. The
first two of my favorite things, potatoes and ice cream
(19:10):
and a potato ice cream now available on our shelves.
Speaker 10 (19:14):
You so an Otago polytic project has grown into a
commercial venture, with the unique ice cream now being turned
out in Dunedin. Second year Culinaries art students were challenged
with developing products that could help reduce waste and now
they're reused food from the Heartland Potato Chip Factory and
Timidoo to create mud which is a blend of milk
(19:35):
and spud and a dark chocolate chip crunch ice cream
is now available today. The first batch of the ice
cream goes on sale at Patties and Creams to Dunedin
stores from today.
Speaker 2 (19:46):
All the dark chocolate chip one sounds good. How's your
weather there, Jamie.
Speaker 10 (19:50):
Well, it's another fine day in Donedan with light winds
and a high of.
Speaker 2 (19:54):
Fourteen nice one. Thank you. Hey Claire, how are you?
Speaker 5 (19:57):
I'm well?
Speaker 2 (19:57):
How are you very well? What's going on with this
festival in the security breach?
Speaker 11 (20:02):
Yeah, hundreds of keen punters to the Rolling Meadows Festival
have been caught up in this breach.
Speaker 8 (20:07):
Ryan.
Speaker 11 (20:07):
Around three hundred and ten pre sale reminder emails were
sent out yesterday, but to the wrong recipients now. Details
included in the email were the likes of the last
four digits of the payment card, the expiry date, the
card type. There was also the wrong person's email address
and full name included. This is the New Year's festival
(20:28):
that's moving to christ Church this year after being very
popular out near Wipeader since twenty twenty one. Ticketing operator
flickt have taken full responsibility for this fault. They do
say they immediately disabled all impacted links and have added
some safeguards to prevent this from happening again.
Speaker 2 (20:45):
Goodness, May. How's your weather, Claire.
Speaker 11 (20:48):
Foggy again today, a bit of low cloud hanging around,
but breaking up this afternoon, Light winds and the high
will be eleven.
Speaker 2 (20:54):
All right, Thank you and Max and Wellington. Max. Good morning,
Good morning the Loafer's Lodge a Q. We're learning more
about this individual. Is the case day one?
Speaker 9 (21:05):
Yeah yeah, This murder trial now underway in Wellington. No
defense of insanity declared, which was suspected by a few people.
Five counts of murder accused for lighting the fire that
killed five people in twenty twenty three. The Crown alleges
this man, who obviously has name Suppression, lit the fire
just because he didn't want to live there anymore. He'd
been there for a week. He wanted accommodation somewhere else.
(21:27):
He lit one fire under a couch, He left the building,
residents put that out and when I suppose when he
realized the building hadn't burned down, he came back, had
to be let back into the building by someone else.
He returned to the third floor, and the Crown alleges
he took some cushions into a cupboard and lit another
fire that would prove deadly. Fire and emergency were called
(21:49):
in once black smoke started to fill the building. They
managed to rescue a lot of people. We heard from
a senior firefighter yesterday they managed to get a lot
of people out, but that firefighter believes any on the
third floor had basically no chance of surviving. Some early
criticism of fire and emergency as well well. Within fire
an emergency not having available a taller aerial appliance which
(22:10):
might have helped them fight the fire a little better.
More than one hundred witnesses to be called over the
next five weeks. Okay, how's the weather nex fine today
with north least fourteen the high central. Thank you Neivas
and Oakland never good morning, good morning. Now it's off
to the pub tonight to hear about cutting edge research.
Speaker 12 (22:27):
Absolutely. So, what is happening Auckland University's free is called
Raising the Bar event and it's starting at six pm.
What will happen is that the lecturers they're doing twenty
talks and ten bars. So the topics include you know,
any everything from space, laser's, AI, robot surgery everything. Karen
(22:47):
Thompson is the organizer. She says it's going to be
a huge range of expertise on display. This is a
chance for the lecturers to get out the fun way
of doing it, you know, and to let the public know.
She says, there's going to be a lot of fun
things and in particular there's a three D printing professor
who's going to get people thinking about you know what,
imagine a future wire your kitchen could be printing your
(23:08):
steak dinner.
Speaker 2 (23:11):
That's quite cool the idea. Yeah, like a like a
university lecturer with a beer.
Speaker 12 (23:16):
That's right, exactly.
Speaker 2 (23:18):
What's not to like? Better conversation than probably you'd have
with your friends at the pub. How's our weather? Neither cloudy?
Speaker 12 (23:24):
Chards for shower. Seventeen is the high here in Auckland,
but warmer, but warmer today.
Speaker 2 (23:28):
It is nice and warm. There's a bit of a
cloud cover this morning. Never, thank you, good to see you.
Eighteen minutes away from six News talks, there'd be we'll
get to Leslie Yeomans on the mushroom lady. And the
sentencing is going to happen in a couple of weeks,
so we'll know how long she gets then. In the meantime,
I thought it was interesting yesterday to learn what exactly
is in her cell and I'll tell you what it
(23:50):
is she has. She's refused the chaplaincy services, but the
court heard that she has in her cell a straighter
and a fan, and I thought, man, if you have
been convicted for murder. I'm just surprised they you have
a hair straightener and a fan in your prison cell.
(24:10):
Quite shocked, not only because it's potentially a weapon and
also potentially a bit dangerous. But whenever she was on
the outside, it never looked like she'd straightened to her here,
you know. Anyway, I looked up the New Zealand Corrections
website to see what exactly you're allowed in a cell
in New Zealand. It's except in some circumstances, offenders are
(24:33):
allowed to have certain approved items, including a radio or
a CD or tape player. So that's taking your way back.
Good morning if you're listening from the sales this morning,
an electric jug or a flask, that's surprising. They're allowed
a fan too. A limited number of books and magazines.
Well there should be an unlimited number of books. Surely
that's what you want people in prison to be doing. Anyway.
(24:55):
You're also allowed some limited personal toilet, tree, sanitary items,
that kind of stuff, but it all has to be
checked before prison staff before you take it in. So
there you go. Seventeen away from six News talk z
Be Australia.
Speaker 13 (25:10):
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Speaker 2 (26:30):
Third thing to six, Let's go to Australia. Leslie yeomans
Our Australia correspondent with us this morning, Leslie, Good morning.
Speaker 10 (26:36):
Morning Ryan.
Speaker 2 (26:37):
Now the Aaron Patterson in court. A lot of attention
paid to the fact it's the mushroom lady in court,
but actually the victims yesterday spoke and the sole survivors spoke.
It was quite heartbreaking stuff.
Speaker 14 (26:50):
It was very, very emotional. It was the start of
a two day pre sentence hearing for Aaron Patterson and
the pre sentence hearing gives people who were affected by
the crime the chance to present their impact victim impact statements.
Now among them yesterday was survivor of that fateful dinner
(27:12):
that Ian Wilkinson who lost his wife Heather, Gail and
John Patterson and sorry he lost his wife Heather and
Gale and Don Patterson also died after eating the poison
beef Wellington that was prepared by Patterson back in twenty
twenty three. Now Patterson also became emotional while Ian Wilkinson
(27:33):
was reading out his statement where he spoke about his
wife Heather and how he missed her, but he also
then forgave Patterson and that that was a very emotional
time because he said he didn't want to become her victim.
(27:55):
He wanted to take that away from her. He wanted
to be the Now Patterson's estranged husband, Simon, also prepared
a statement for the court. He wasn't present. It was
presented for him on his behalf and he expressed his sadness,
had how he missed his parents and his aunt more
(28:19):
than words can express, and how his children were also
suffering from that day and Patterson's actions. Now Patterson is
facing life in prison. A date for her sentence could
be set on about September eighth, and that's when her
(28:39):
team and she will have time, have twenty eight days
given to them then where they will decide if they're
going to prepare for an appeal.
Speaker 2 (28:50):
Appreciate your time. Leslie Yeoman's our Australia correspondent with an
update on the Aaron Patterson trial. Sorry are sentencing there
It is ten to six. The arbian Z's giving capitals
a second lock. This is for the banks after pressure
from the government looking at easing the requirements so banks
don't have to lock away as much from emergencies. Could
free up money for home loan, small business lending, farmers.
(29:13):
That sort of stuff. Could also give smaller banks a
shot at competing with the big players. Sam Stubbs simplicity
founded with me this morning, Sam, Good morning, good a Ryan.
Speaker 13 (29:21):
How are you making good?
Speaker 2 (29:22):
Thank you? Does this really make the system potentially make
the system riskier?
Speaker 13 (29:30):
Are in a very very small way. The Reserve Bank
will still maintain extremely close control over anyone who calls
themselves a bank and takes deposits. One of the interesting
thing about banking, Ryan, is anyone can make a loan.
You don't have to be a bank to make a loan,
but you do have to be a bank to take
a deposit. And they've lowered the requirements. You've got to
put up five million dollars, not thirty million dollars, but
(29:51):
that will be of capital, but that'll be very very
tightly monitored, and it will actually cost a lot more
than that to run something called a bank. So at
the margin, years are not not really so.
Speaker 2 (30:01):
The current rules well, they look to be a bit
harsh when you compare them to our countries. We like
to compare ourselves.
Speaker 13 (30:07):
To sort of. I mean, we've got very safe banks,
but we've also got massively profitable banks. And you know,
I read these recommendations. To be honest with you, it
feels to me like the Reserve Bank we're having their
own twisted. That they don't really want to do this,
but the politicians have been lobbied very effectively by the
banks into saying, look, you know, we need to have
(30:30):
lower cost of capital. In the history of banking in
New Zealand is as soon as banks say costs, they
actually take it straight to their profit. They don't give
it back to the customers. You know, you've seen that
with bank branches. For example, your mortgage didn't go down
because they were saving a whole lot of money closing
closing rural branches. So this is something the banks want,
so you have to be very suspicious of it. They
lobbied very heavily for this. You've got to ask themselves
(30:52):
what's their motivation. I doubt their motivation is going to
be lower mortgages and higher term deposits. I think this
is a way of them seeing how they another way
of increasing their their profits and In fact, the Reserve
Bank themselves said, look, these recommendations we're making, or you're
asking us to make, might save people maybe six one
hundreds to fourteen one hundreds of one percent in their
(31:13):
mortgage rate. So it's going to make a very very
small difference at the margin, if at all. I personally
think the banks will take this to profit. You know,
they've already had very high capital requirements recently, and what
have they done. You've seen their profits go up, so
we'll imagine what they'll do if their cost of doing
business goes down. Do you really trust them to give
that back to the consumer? I don't. Good point.
Speaker 2 (31:35):
Good point, Sam, Appreciate your time, Sam Stubbs, Simplicity Founder
with some context. Eight to six news talks, there be
Marke next the.
Speaker 1 (31:44):
News you Need this morning and the in depth analysis
Early edition with Ryan Bridge and One Room Love where
you Live.
Speaker 2 (31:51):
News talks, they'd be five to six news talks. There
be TVNS is upward Sky for the fifth of World
Cup next year, and this means that they're going to
subscriber function, so you'll have to pay to watch it.
Mike's in the studio with us, Mike Love to know
what you think that.
Speaker 15 (32:06):
I will be having the CEO on this morning. What
I think about this is interesting because they don't I mean,
I'm not accusing them of anything, but how did they
do their numbers? So you've got a bunch of free stuff,
so the all whites will be free. That's where your
real money is, right, So if you put the all
whites behind a paywall, so that's free, so they're making
no money from that. They're then relying on what your
obsessives who buy the whole package. So in other words,
(32:27):
you buy the package for the whole World Cup and
you're the expats, so the poems will buy the poems,
et cetera. And so that's where your money. So how
much do you bring in do you think, because that's
guesswork versus how much did you bid in the first place?
And did you bid too much to get the rights?
And did you get carried away? Did the emotion come
into it? You know what I'm saying. They're not experts
in the field. Skycrack Sky do this all the time.
(32:48):
They'll know what it's worth.
Speaker 2 (32:49):
What about the idea of a company that the taxpayer
owns bidding in charge?
Speaker 15 (32:55):
You've got nothing to do with it, because at the
end of the day, they're a commercial entity and they've
got to make some money, and they're on the cusp
of making money or not making money depending on what's
going on in the economy at any given time. And
it's the future. And so what you're going to find
which I find because I'm an NFL fan right and
the way that the NFL is splitting their sport up
at the moment and the different operators and where you
(33:15):
have to go and what you pay and how you
do it is becoming a nightmare asum.
Speaker 2 (33:19):
We're same with just watching a movie or watching you
need one hundred different substrict exactly.
Speaker 15 (33:25):
So you'll you'll need if you want to watch the
World Cup, you've got to have TV and Z will
pay team in Z. But is that ESPN or is
it the BBC or is it Sky Television or is
it Disney and so it goes, So anyway, will talk
to her about that.
Speaker 2 (33:36):
I mean, good on them. Yeah, they're doing something exactly,
so they need to.
Speaker 15 (33:40):
Be competitive in the ever changing landscape.
Speaker 2 (33:42):
So we'll talk to her after seven o'clorellion mic is
with your next Have a fantastic day. Everybody. I will
be back tomorrow at five See Then.
Speaker 13 (34:00):
For more.
Speaker 1 (34:00):
Fam earlier edition with Ryan Bridge. Listen live to News
Talk SETB from five am weekdays, or follow the podcast
on iHeartRadio
The issues, the interviews and the inside. Ryan Bridge on
an earlier is show with One Root Love where you
Live News Talks.
Speaker 2 (00:09):
It'd be Good Morning Tuesday. It is six half of
five Sam stubs on Banking Capital. This morning. We're in
Australia for the Mushroom. Lady updates self employed retirement savings.
There's a gap, we ask why and how to fix it?
And a new report out this morning says universities are
throwing a grades around like Oprah with cars all but
willy nilly, what's behind that? That's first up here on
(00:31):
early edition.
Speaker 1 (00:34):
The Agenda.
Speaker 2 (00:34):
Tuesday, the twenty sixth of August, more journalists killed by
an Israeli strike on a hospital in Gaza. They worked
for AP, Reuter's and Al Jazeera.
Speaker 3 (00:42):
Journalists are present in a lot of health facilities because
they are covering the mass casualty incidents that occur every
minute of every day in Gaza, so they're always present
outside the emergency department. It certainly seemed a targeted attack,
as have many overs twenty two months, directly targeting both
(01:02):
members of the media and protected civilian infrastructure such as
hospitals and other health facilities.
Speaker 2 (01:09):
To the White House, Trump is currently hosting and setting
down with South Korea's president. Actually, Glenn and I were
just talking about their having a press conference at the moment.
How much gold there is in the Oval Office. We
know Trump likes gold. He's sort of doubled or even
trebled the amount of gold that is behind them in
the photo ops. Anyway, they still have to flesh out
these two leaders details of the trade deal that they
(01:29):
announced in July. Defense on the agenda.
Speaker 4 (01:31):
Too, in terms of what's been already agreed in terms
of trade so earlier in the year. In July, actually
Trump reduced tariffs from twenty five percent to fifteen percent,
which is a huge deal for automobile makers such as Hondek,
Yeah and Genesis. At the same time, South Korean chip
makers like Samsung and s K Heinix have also benefited
thanks to their factories in the US, but industries like
(01:54):
steel and aluminium still face steep tariffs.
Speaker 2 (01:57):
Five forty five. This morning, we're across the Tatsman with
Leslie Yeoman on the Mushroom Killer Lady. She's back in court,
the sole survivor. His name's Ian Wilkinson. He spoke about
his wife, Heather. She died after eating the beef Wellington.
Speaker 5 (02:09):
She was a great mother, compassionate, brave and kind. Mister
Wilkinson told the court, I only feel half alive without her,
He said, breaking down is a truly horrible thought that
somebody could decide to take her life.
Speaker 2 (02:24):
Sentencing eighth of September for her and what does she
have in her prison cell? Really weird part of the story.
I'll tell you about that later on the show.
Speaker 1 (02:32):
The first word on the News of the Day early
edition with Ryan Bridge and one roof Love where you Live.
Speaker 2 (02:39):
News Talks, I'd be nine two ninety two is the
number of text love to hear from you this morning.
But complicated this banking stuff. But basically they one of
the reserve bankers proposing that they loosen the capital requirements
for your retail banks. That's how much money they have
to keep on hand, which costs them to do right,
there's an opportunity cost of them not using that cash
(03:00):
for lending, which would generate revenue, which would generate profits.
So the less they hold, the more it costs them. Sorry,
the more they hold, the more it costs them. But
the less they hold, the risky of the system is
if things go tips up and suddenly everyone wants their
money and the banks can't afford to pay because they
don't have enough capital. Then that's a problem. So the
(03:21):
Reserve Bank's getting a bit looser and proposing to get
a bit looser again on now that Adrian All's out
the door on how much they have to hold. And
this will affect competition in the banking sector. It will
and could affect economic output of the country because there
would be more money to lend. So they're consulting on
this at the moment. Government's keen. Farmers are keen. The
(03:43):
Commerce Commission's keen. They had that report last year. The
Finance and Expenditure Committee, they're keen, they said on Friday,
we told you that yesterday. The banks obviously are keen.
The rules at the moment are amongst the strictest of
countries that we would compare ourselves to. So Sam's Stubbs
from Simplicity has a view on this, he joins us
before six John ten after five. Now, this morning I
(04:07):
happened to cross an article about our favorite couple, Harry
and Meghan. They're just shameless, you know, no one likes them.
They have to make money though don't they because they're
not getting they're not able to suck on the British
teat any longer. So and they need to keep paying
for the nanny, and they need to keep nannies, I
should say, if you've seen the shows, and they need
(04:28):
to keep paying for the groundskeepers in their Montecito mansion.
So the latest iteration of the latest idea of being floated.
And I don't know whether there's flying a kite with
this or what, but apparently they are considering a Netflix
show about Princess Diana. I know, you go, oh, you cringe,
(04:48):
and I was thinking about this this morning. You do
cringe and you think, gosh, that's exploitative all that stuff.
But it's also his mum. You know, it's his mother.
If he wants to talk about her, then that's his prerogative.
She's not public property any longer. The thing would rate
its tits off, you can be sure of that. So
(05:10):
I don't know. I think, yes, it feels a bit ecky,
but at the same time, it's not my mother. It's
his mother, so it's probably his choice in life to
make Eleven minutes after five News Talks VB, we'll talk
about this new report next on universities. If your kid's
got an A at UNI? Is it really an A?
Speaker 1 (05:28):
Get ahead of the headlines on early edition with Ryan
Bridge and one roof Love, Where You Live, News Talks VB.
Speaker 2 (05:36):
News TALKSB. It's fourteen minutes after five. The data continues
to be all over the place a little bit at
the moment. You did we actually shrink in the June quarter?
The blip that everyone's been talking about the reserve band
reckons we did? They told us the other day we
went backwards. They used to make point three percent. But
then yesterday you get the stats in Z data out
on retail sales volumes. Surprisingly, they lifted for June up
(06:00):
point five percent for the quarter. That's up two point
three percent from a year ago. So you go, what's happening?
What's happening? Well, the data is just all over the place.
You know, did the recovery actually stall or did it
just flatten? We will find out on the eighteenth of September.
That's when we get our actual June data and we
can be sure. It's fourteen after five. Newstalks at b
(06:22):
Ryan Bridge. Is an A grade today worth the same
as an A grade? Twenty years ago. A new report
out this morning from the New Zealand Initiative shows the
proportion of A grades given out at universities has increased
seven percent to thirty five percent. This is since two
thousand and six and during COVID get this, nearly half
of all marks were a's. So are we just giving
(06:44):
out as willing Nelly Elizabeth A Data is Sociology of
Education professor at the University of Auckland with me. Now,
good morning, Oh good morning, Ryan, Good to have you
on the program. Tell me what are we just handing
these A grades out? Or are the standards dropping or
students getting smarter?
Speaker 6 (07:02):
Well, I think the really good thing about the Cursted
report is that from the New Zealand Initiative is that
it actually gives us some empirical data which we've needed
for a long time. So we know now we've got
the got the evidence that there is a problem, and
I think it's time to have a really close look
(07:23):
at all the factors that have produced this problem, because
you know, I've been at the University of Auckland for
four decades now and yeah, it's my experience that this
has happened, But I haven't had the evidence until now,
so it's really good to see the report.
Speaker 2 (07:41):
Why is it happening?
Speaker 6 (07:44):
Oh gosh, Well, lots of factors, but what I think
it boils down to is that there's been a real
cultural shift over the last twenty thirty years from merit
to equity, the idea that everyone should succeed, you know,
the equal outcomes approach, and that's and that has been
(08:04):
anticipated by NCA, so that we've now got the we've
got students expecting to receive a's and not realizing that
you actually have to work extremely hard and you have
to have real ability and a subject to get an
A and not everyone does. But as I say, over
(08:25):
the last few decades, there's been an assumption that everyone
should be able to achieve the same standard.
Speaker 2 (08:33):
Some academics apparently have said that they've been told instructed
by their faculty to give a's to people who basically
just for showing up. Have you heard of anything like
that happening.
Speaker 6 (08:44):
I've heard about it. My own experience is that there's
just a societal pressure and the students they feel the
pressure to that they expect to get highmarks. It's what
they've encountered at secondary school in the NCAA. You know
(09:04):
they will take subjects. Not all students, of course, but
a number do take subjects where they can be sure
that the subject isn't too demanding that they will get
a high mark. So there's this sort of culture of
expectation that is not really founded in the actual ability
(09:26):
and the hard work of all students.
Speaker 2 (09:29):
Elizabeth, what's a really quick way to work out who
is actually an A level student?
Speaker 6 (09:34):
Oh gosh, well, it's to get them to write essays
and to do external exams.
Speaker 2 (09:39):
Appreciate your time this morning, Elizabeth at Artzer, Sociology of
Education professor at the University of Auckland. Time now is
eighteen minutes after five. What proportion of self employed people
do you think if you had to guess this morning,
what proportion of self employed people are making? Key we
save a contributions saving for their retirement. I'll tell your
next news talk set B.
Speaker 1 (10:01):
On your radio and online on iHeartRadio early edition with
Ryan Bridge and One Route Love where you Live news talks.
Speaker 2 (10:09):
They'd been five twenty on news talks, they'd be We'll
get to Sam Stubbs before six. On the bank capital
requirement changes, what does it mean for all of us
first self employed people. A bit of a warning for
you this morning from the Retirement Commission self employed people
investing less than half the amount into their retirement than
that of employees, meaning they could miss out on your
government contributions. If it's KIWI Saver. James Fuller is the
(10:32):
Henry CEO joins me. Now, Hey, James, Hey, good morning.
This is not surprising, right because it's optional.
Speaker 7 (10:40):
It is, it's not surprising. But I think with the
recent changes in the twenty twenty five budget, the problem
that we're going to face is that fewer and few
are self employed are going to contribute to kiwisaver now
that the government contribution has been halved.
Speaker 2 (10:53):
Do you think it's an education thing or a cost
of living thing.
Speaker 7 (10:58):
I think it's a combination of the two. I think
self and point are fully aware that they can voluntarily
pay in today's see favor, but I think the challenge
becomes that there's no incentive for them to do so.
So over the last three years, eighty nine percent of
government contributions towards KII Saver have gone to salaried employees
and only seven percent have gone to the self employed.
And that's very stark at contrast, so the fact that
(11:20):
there are twenty percent of the workforce of self employed.
So it's a real disparity there from what the government
is doing.
Speaker 2 (11:26):
When someone because on your app, when someone opts out
of Kiwi Savor, do you try and tell say to them, hey,
don't do that. Here's the potential implications of that.
Speaker 7 (11:39):
We provide a lot of education to our customers. We
don't give them advice around these sorts of things, but
we do encourage them to get financial advice. I think
the key thing though, is that a lot of people
are opting out simply because the government is not contributing
as much as they were. So now that government contribution
has been halved, we've seen a large number of self
(12:00):
employed people decide, actually, I'm going to try and put
my money elsewhere. And the danger there is that they
start putting their money into maybe sort of higher risk,
shorter term investments, and that means that they won't have
enough retirement savings. And you know, it's a bit of
a short term a stress strategy from the government, because
long term, we're potentially creating a generation of soul traders
who are going to become a burden on the state
(12:23):
when they come to retirement age because they won't have
any savings.
Speaker 2 (12:26):
Or they could. I mean, the soul traders are often
quite smart people and think for themselves. They might have
other alternative investment options that they think, as you say,
this one's not giving me what it used to do,
I'm going to move it over here and it's a
long term thing and I'm going to make more money
out of it.
Speaker 7 (12:44):
Yeah, yeah, absolutely right. Soul traders are incredibly resilient about
this kind of stuff. You know, after ki we save.
The most common place for them to put their money
is specialist savings accounts, which is sort of thirty two
and a half percent of them are putting money aside
in savings. There the challenge with that, we're seeing interest
rates dropping, so the value of those special savings accounts
is dropic and doesn't provide some of the financial stability longer.
Speaker 6 (13:06):
Term that seems like que savor do.
Speaker 7 (13:07):
So we should really encouraging everyone across New Zealand to
be paying into.
Speaker 2 (13:12):
That quis savor.
Speaker 7 (13:12):
And actually sometimes it's down to the government to actually
provide a level of as you said, education, level of
incentives to actually get from twelve people back onto.
Speaker 2 (13:20):
The Kii Saver train. James, appreciate your time. Thanks, thanks
so much for coming on the show. James Fuller the
Henry CEO with us this morning, twenty three minutes after five.
I've always wondered why there isn't a more flexible option
as well for Kiwi Saver. You know, why can't you
contribute one percent or two percent? Why does it have
to be a minimum of three? It was surely it
(13:41):
would be better than zero. You know, nine two nine
two is the number to text. Time is five twenty four.
Big debate last night for the Tamaki Makodo by election.
I was tuned in. I'll fill you in on what happened.
Speaker 1 (13:54):
Next the early edition Full the Show podcast on iHeartRadio
powered by Newstalks Ever.
Speaker 2 (14:02):
News Talk ZB. It is five twenty six. At the
rate it's going this by election could cost Labor the
real election. Penny Henada is popping out policies toxic to
the general electorate, but very popular with the ten thousand
odd voters that he will need to win Tammocky Mikoto. First,
it was bringing back the gang patches. You would have
heard about that. Labor then had to hose that down
left Middle New Zealand scratching their heads though, didn't it
(14:24):
Because we've been there, done that with gangs where over it.
We just want them sorted. Labour lost the war on
crime and with it the mandate to govern. You might
think it's an issue that they would just steer clear of,
but not Penny, Labour's electoral kryptonite. Last night he was
back at it. I was watching the debate well with
Ordine and Penny, which was actually quite a good debate.
(14:45):
I enjoyed it. Penny was asked about the cost of
living and he said that when Labor was in power,
they were in talks with EWI to build a third
supermarket chain across the country to compete with the duopoly.
Last Night's said they'd support it again if elected. Here
is what he said.
Speaker 8 (15:04):
When we were last in power, we were working closely
with EWE to introduce a third grocery provider into the
market to allow our funder to experience cheaper cope and
to make sure that EWE are part of delivering the
answer for our finance.
Speaker 9 (15:16):
So are you talking about a Kiwi Kai supermarket chain?
Speaker 8 (15:19):
We're talking about EWE leaded New Zealand chain that will
supply our funder.
Speaker 2 (15:23):
Ere we lead, but funded by hope. This is the question,
what does support mean? Does that mean taxpayer funding? In
twenty twenty three they were talking about doling out loans,
maybe even grants or taxpayer support to secure land for
a third entrant. Now, there's nothing wrong with an e
WE lead supermarket chain. There's nothing wrong with a third
(15:44):
chain at all. Hell, we would all like to see that.
But do we want it to be taxpayer supported? That's
the question. If private capital can't make it work at
these prices, what chance would the state have. The problem
with this stuff is it feeds that perception. The only
response labor has to anything is more money, throw more money.
(16:05):
Can we build anyone? There's a philosophical question here which
Hipkins needs to answer. But of course Hipkins isn't answering
in questions because he's got a ban on policy till
at least Christmas Ryan Bridge, twenty eight After five News
Talks B nine two nine two the number, Ryan. I
work with a lot of self employed tradees. This is
(16:25):
about retirement savings from Graham, Good morning Graham. While I
think some may be investing for the future, most seem
to be putting their spare cooint into their pokey plans,
so not really come on, Graham, Craig's more sensible says,
why would a self employed person invest in key we
saver when a lot of us have debt for our businesses.
We invest in paying off debt when we can. Thanks Craig, Craig,
(16:46):
appreciate your feedback this morning. I really don't want to
do this to you. In fact, i'll I'll do it
when we come back from news. But there was a
story out yesterday which reinforces everything you hate about local councils.
It's to do with a party that was held in
Auckland and my blood was boiling yesterday afternoon, so I'll
(17:07):
bring that. I'll read that to you next. Also, Auckland's
getting a new McDonald's. Sorry, Monica, I know you said
no you didn't want one. Well some of you didn't
want one. And Monica, there's a big, brand spanking new
drive through Comington Newmarket. One heck tear in size and
non notified. Two News Talk, said b Sam Stubbs on
Banking before six.
Speaker 1 (17:33):
News and Views you trust to start your day, It's
early Ediship with Ryan Bridge and one roof love where
you live.
Speaker 2 (17:42):
News Talk SEDB, good morning, it is twenty four away
from six year on news Talk, said B. It is Tuesday,
and we'll get to the banking capital changes of the
proposed changes just before six this morning. Also Ourustralia correspondent
Liz the Yeomans will join us. This is why people
(18:03):
hate counsels. I promised I talked to you about this.
I read this story yesterday. My blood was boiling spending
our rates money on basically private piss ups cocktail party.
This was to celebrate the centenary of the Nathan Homestead
and Pookie Pooky didn't invite you and me, we were
No one sent us an invite. It was a private event.
(18:24):
Counselors were there, Who's who were there, all doled up,
dressed to the nines and punching back liquor that we
paid for. Thirteen thousand dollars was the build. This was
in twenty twenty four and there was a jazz band.
They even had nineteen twenties swing dancers, all of this
amazing stuff. While we're struggling to put food on the table,
they're all just chugging back cocktails that we've paid for
(18:49):
the Monay day were local boarders, the group that you
want to be mad at. Thank you very much for
your kind donations. Auckland our rates, by the way, nearly
six percent last year. It is twenty three away from
six shadow Our reporters Jamie Cunningham for Duned and Jamie
good morning, Good morning, Hey, this is great news. The
first two of my favorite things, potatoes and ice cream
(19:10):
and a potato ice cream now available on our shelves.
Speaker 10 (19:14):
You so an Otago polytic project has grown into a
commercial venture, with the unique ice cream now being turned
out in Dunedin. Second year Culinaries art students were challenged
with developing products that could help reduce waste and now
they're reused food from the Heartland Potato Chip Factory and
Timidoo to create mud which is a blend of milk
(19:35):
and spud and a dark chocolate chip crunch ice cream
is now available today. The first batch of the ice
cream goes on sale at Patties and Creams to Dunedin
stores from today.
Speaker 2 (19:46):
All the dark chocolate chip one sounds good. How's your
weather there, Jamie.
Speaker 10 (19:50):
Well, it's another fine day in Donedan with light winds
and a high of.
Speaker 2 (19:54):
Fourteen nice one. Thank you. Hey Claire, how are you?
Speaker 5 (19:57):
I'm well?
Speaker 2 (19:57):
How are you very well? What's going on with this
festival in the security breach?
Speaker 11 (20:02):
Yeah, hundreds of keen punters to the Rolling Meadows Festival
have been caught up in this breach.
Speaker 8 (20:07):
Ryan.
Speaker 11 (20:07):
Around three hundred and ten pre sale reminder emails were
sent out yesterday, but to the wrong recipients now. Details
included in the email were the likes of the last
four digits of the payment card, the expiry date, the
card type. There was also the wrong person's email address
and full name included. This is the New Year's festival
(20:28):
that's moving to christ Church this year after being very
popular out near Wipeader since twenty twenty one. Ticketing operator
flickt have taken full responsibility for this fault. They do
say they immediately disabled all impacted links and have added
some safeguards to prevent this from happening again.
Speaker 2 (20:45):
Goodness, May. How's your weather, Claire.
Speaker 11 (20:48):
Foggy again today, a bit of low cloud hanging around,
but breaking up this afternoon, Light winds and the high
will be eleven.
Speaker 2 (20:54):
All right, Thank you and Max and Wellington. Max. Good morning,
Good morning the Loafer's Lodge a Q. We're learning more
about this individual. Is the case day one?
Speaker 9 (21:05):
Yeah yeah, This murder trial now underway in Wellington. No
defense of insanity declared, which was suspected by a few people.
Five counts of murder accused for lighting the fire that
killed five people in twenty twenty three. The Crown alleges
this man, who obviously has name Suppression, lit the fire
just because he didn't want to live there anymore. He'd
been there for a week. He wanted accommodation somewhere else.
(21:27):
He lit one fire under a couch, He left the building,
residents put that out and when I suppose when he
realized the building hadn't burned down, he came back, had
to be let back into the building by someone else.
He returned to the third floor, and the Crown alleges
he took some cushions into a cupboard and lit another
fire that would prove deadly. Fire and emergency were called
(21:49):
in once black smoke started to fill the building. They
managed to rescue a lot of people. We heard from
a senior firefighter yesterday they managed to get a lot
of people out, but that firefighter believes any on the
third floor had basically no chance of surviving. Some early
criticism of fire and emergency as well well. Within fire
an emergency not having available a taller aerial appliance which
(22:10):
might have helped them fight the fire a little better.
More than one hundred witnesses to be called over the
next five weeks. Okay, how's the weather nex fine today
with north least fourteen the high central. Thank you Neivas
and Oakland never good morning, good morning. Now it's off
to the pub tonight to hear about cutting edge research.
Speaker 12 (22:27):
Absolutely. So, what is happening Auckland University's free is called
Raising the Bar event and it's starting at six pm.
What will happen is that the lecturers they're doing twenty
talks and ten bars. So the topics include you know,
any everything from space, laser's, AI, robot surgery everything. Karen
(22:47):
Thompson is the organizer. She says it's going to be
a huge range of expertise on display. This is a
chance for the lecturers to get out the fun way
of doing it, you know, and to let the public know.
She says, there's going to be a lot of fun
things and in particular there's a three D printing professor
who's going to get people thinking about you know what,
imagine a future wire your kitchen could be printing your
(23:08):
steak dinner.
Speaker 2 (23:11):
That's quite cool the idea. Yeah, like a like a
university lecturer with a beer.
Speaker 12 (23:16):
That's right, exactly.
Speaker 2 (23:18):
What's not to like? Better conversation than probably you'd have
with your friends at the pub. How's our weather? Neither cloudy?
Speaker 12 (23:24):
Chards for shower. Seventeen is the high here in Auckland,
but warmer, but warmer today.
Speaker 2 (23:28):
It is nice and warm. There's a bit of a
cloud cover this morning. Never, thank you, good to see you.
Eighteen minutes away from six News talks, there'd be we'll
get to Leslie Yeomans on the mushroom lady. And the
sentencing is going to happen in a couple of weeks,
so we'll know how long she gets then. In the meantime,
I thought it was interesting yesterday to learn what exactly
is in her cell and I'll tell you what it
(23:50):
is she has. She's refused the chaplaincy services, but the
court heard that she has in her cell a straighter
and a fan, and I thought, man, if you have
been convicted for murder. I'm just surprised they you have
a hair straightener and a fan in your prison cell.
(24:10):
Quite shocked, not only because it's potentially a weapon and
also potentially a bit dangerous. But whenever she was on
the outside, it never looked like she'd straightened to her here,
you know. Anyway, I looked up the New Zealand Corrections
website to see what exactly you're allowed in a cell
in New Zealand. It's except in some circumstances, offenders are
(24:33):
allowed to have certain approved items, including a radio or
a CD or tape player. So that's taking your way back.
Good morning if you're listening from the sales this morning,
an electric jug or a flask, that's surprising. They're allowed
a fan too. A limited number of books and magazines.
Well there should be an unlimited number of books. Surely
that's what you want people in prison to be doing. Anyway.
(24:55):
You're also allowed some limited personal toilet, tree, sanitary items,
that kind of stuff, but it all has to be
checked before prison staff before you take it in. So
there you go. Seventeen away from six News talk z
Be Australia.
Speaker 13 (25:10):
Next.
Speaker 2 (25:11):
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for New Zealand business.
Speaker 2 (26:30):
Third thing to six, Let's go to Australia. Leslie yeomans
Our Australia correspondent with us this morning, Leslie, Good morning.
Speaker 10 (26:36):
Morning Ryan.
Speaker 2 (26:37):
Now the Aaron Patterson in court. A lot of attention
paid to the fact it's the mushroom lady in court,
but actually the victims yesterday spoke and the sole survivors spoke.
It was quite heartbreaking stuff.
Speaker 14 (26:50):
It was very, very emotional. It was the start of
a two day pre sentence hearing for Aaron Patterson and
the pre sentence hearing gives people who were affected by
the crime the chance to present their impact victim impact statements.
Now among them yesterday was survivor of that fateful dinner
(27:12):
that Ian Wilkinson who lost his wife Heather, Gail and
John Patterson and sorry he lost his wife Heather and
Gale and Don Patterson also died after eating the poison
beef Wellington that was prepared by Patterson back in twenty
twenty three. Now Patterson also became emotional while Ian Wilkinson
(27:33):
was reading out his statement where he spoke about his
wife Heather and how he missed her, but he also
then forgave Patterson and that that was a very emotional
time because he said he didn't want to become her victim.
(27:55):
He wanted to take that away from her. He wanted
to be the Now Patterson's estranged husband, Simon, also prepared
a statement for the court. He wasn't present. It was
presented for him on his behalf and he expressed his sadness,
had how he missed his parents and his aunt more
(28:19):
than words can express, and how his children were also
suffering from that day and Patterson's actions. Now Patterson is
facing life in prison. A date for her sentence could
be set on about September eighth, and that's when her
(28:39):
team and she will have time, have twenty eight days
given to them then where they will decide if they're
going to prepare for an appeal.
Speaker 2 (28:50):
Appreciate your time. Leslie Yeoman's our Australia correspondent with an
update on the Aaron Patterson trial. Sorry are sentencing there
It is ten to six. The arbian Z's giving capitals
a second lock. This is for the banks after pressure
from the government looking at easing the requirements so banks
don't have to lock away as much from emergencies. Could
free up money for home loan, small business lending, farmers.
(29:13):
That sort of stuff. Could also give smaller banks a
shot at competing with the big players. Sam Stubbs simplicity
founded with me this morning, Sam, Good morning, good a Ryan.
Speaker 13 (29:21):
How are you making good?
Speaker 2 (29:22):
Thank you? Does this really make the system potentially make
the system riskier?
Speaker 13 (29:30):
Are in a very very small way. The Reserve Bank
will still maintain extremely close control over anyone who calls
themselves a bank and takes deposits. One of the interesting
thing about banking, Ryan, is anyone can make a loan.
You don't have to be a bank to make a loan,
but you do have to be a bank to take
a deposit. And they've lowered the requirements. You've got to
put up five million dollars, not thirty million dollars, but
(29:51):
that will be of capital, but that'll be very very
tightly monitored, and it will actually cost a lot more
than that to run something called a bank. So at
the margin, years are not not really so.
Speaker 2 (30:01):
The current rules well, they look to be a bit
harsh when you compare them to our countries. We like
to compare ourselves.
Speaker 13 (30:07):
To sort of. I mean, we've got very safe banks,
but we've also got massively profitable banks. And you know,
I read these recommendations. To be honest with you, it
feels to me like the Reserve Bank we're having their
own twisted. That they don't really want to do this,
but the politicians have been lobbied very effectively by the
banks into saying, look, you know, we need to have
(30:30):
lower cost of capital. In the history of banking in
New Zealand is as soon as banks say costs, they
actually take it straight to their profit. They don't give
it back to the customers. You know, you've seen that
with bank branches. For example, your mortgage didn't go down
because they were saving a whole lot of money closing
closing rural branches. So this is something the banks want,
so you have to be very suspicious of it. They
lobbied very heavily for this. You've got to ask themselves
(30:52):
what's their motivation. I doubt their motivation is going to
be lower mortgages and higher term deposits. I think this
is a way of them seeing how they another way
of increasing their their profits and In fact, the Reserve
Bank themselves said, look, these recommendations we're making, or you're
asking us to make, might save people maybe six one
hundreds to fourteen one hundreds of one percent in their
(31:13):
mortgage rate. So it's going to make a very very
small difference at the margin, if at all. I personally
think the banks will take this to profit. You know,
they've already had very high capital requirements recently, and what
have they done. You've seen their profits go up, so
we'll imagine what they'll do if their cost of doing
business goes down. Do you really trust them to give
that back to the consumer? I don't. Good point.
Speaker 2 (31:35):
Good point, Sam, Appreciate your time, Sam Stubbs, Simplicity Founder
with some context. Eight to six news talks, there be
Marke next the.
Speaker 1 (31:44):
News you Need this morning and the in depth analysis
Early edition with Ryan Bridge and One Room Love where
you Live.
Speaker 2 (31:51):
News talks, they'd be five to six news talks. There
be TVNS is upward Sky for the fifth of World
Cup next year, and this means that they're going to
subscriber function, so you'll have to pay to watch it.
Mike's in the studio with us, Mike Love to know
what you think that.
Speaker 15 (32:06):
I will be having the CEO on this morning. What
I think about this is interesting because they don't I mean,
I'm not accusing them of anything, but how did they
do their numbers? So you've got a bunch of free stuff,
so the all whites will be free. That's where your
real money is, right, So if you put the all
whites behind a paywall, so that's free, so they're making
no money from that. They're then relying on what your
obsessives who buy the whole package. So in other words,
(32:27):
you buy the package for the whole World Cup and
you're the expats, so the poems will buy the poems,
et cetera. And so that's where your money. So how
much do you bring in do you think, because that's
guesswork versus how much did you bid in the first place?
And did you bid too much to get the rights?
And did you get carried away? Did the emotion come
into it? You know what I'm saying. They're not experts
in the field. Skycrack Sky do this all the time.
(32:48):
They'll know what it's worth.
Speaker 2 (32:49):
What about the idea of a company that the taxpayer
owns bidding in charge?
Speaker 15 (32:55):
You've got nothing to do with it, because at the
end of the day, they're a commercial entity and they've
got to make some money, and they're on the cusp
of making money or not making money depending on what's
going on in the economy at any given time. And
it's the future. And so what you're going to find
which I find because I'm an NFL fan right and
the way that the NFL is splitting their sport up
at the moment and the different operators and where you
(33:15):
have to go and what you pay and how you
do it is becoming a nightmare asum.
Speaker 2 (33:19):
We're same with just watching a movie or watching you
need one hundred different substrict exactly.
Speaker 15 (33:25):
So you'll you'll need if you want to watch the
World Cup, you've got to have TV and Z will
pay team in Z. But is that ESPN or is
it the BBC or is it Sky Television or is
it Disney and so it goes, So anyway, will talk
to her about that.
Speaker 2 (33:36):
I mean, good on them. Yeah, they're doing something exactly,
so they need to.
Speaker 15 (33:40):
Be competitive in the ever changing landscape.
Speaker 2 (33:42):
So we'll talk to her after seven o'clorellion mic is
with your next Have a fantastic day. Everybody. I will
be back tomorrow at five See Then.
Speaker 13 (34:00):
For more.
Speaker 1 (34:00):
Fam earlier edition with Ryan Bridge. Listen live to News
Talk SETB from five am weekdays, or follow the podcast
on iHeartRadio
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