November 25, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Wednesday the 26th of November 2025, The Government's committed to abolishing all 11 regional councils, Otago Regional Council Chair Hilary Calvert says she thinks this is a good idea.
Students forced to do an hour of maths a day made a full year's progress in just 12 weeks, PPTA President Chris Abercrombie shares his thoughts.
It's the final OCR day of the year, ASB Chief Economist Nick Tuffley tells Ryan what we can expect from the Reserve Bank.
Plus, UK/Europe Correspondent Gavin Grey has the latest on the potential of a Zelensky/Trump meeting and the UK government's sugar tax.
Get the Early Edition Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
Earli ereditiaw with r the Supercenter explore r V successories
and servicing all in one news talks.
Speaker 2 (00:12):
That'd be good morning. Welcome to Wednesday six after five.
Coming up, we'll speak to the Turkey voting for Christmas,
on regional councils, getting the shop and Gavin Gray's in
the UK for US is always more good news on
maths from Stanford. It's ocr day today. Nick Tuffley on that,
and there's a tax coming out of the UK and
we don't like taxes, but this one actually seems quite reasonable.
(00:33):
The agenda Wednesday the twenty six in November, peace coming
to Ukraine. While there's a question mark still all of
this is off the record, officials briefing the press, that
sort of thing, but they reckon they've agreed to a
deal in principle. The outline of a deal. Russia is
apparently still not moving an inch from the og Us plan.
Speaker 3 (00:51):
We expect to receive the version they consider interim after
the coordination phase with the Europeans and Ukrainians and then
were its because if the spirits and letter of anchorage,
the key understandings we recorded are stripped out, it will
be a fundamentally different situation. But for now, I repeat,
(01:12):
we have not received anything officially.
Speaker 2 (01:14):
Absolute chimozzle in space from China. They're rushing to rescue
three astronauts stranded on the space station. The unnamed Shinzu
twenty two has been launched months early after the crew's
original ride home was given to another team when their
capsule was damaged by space debris.
Speaker 4 (01:32):
They're not due to come back till next April. But
what if there's an emergency? What if something went wrong
with the Tangong Space Station? What if one of them
had an injury or something like that? Day would be
feeling much better today because what's happened is a rocket
has taken off from western China and a new module
has now successfully docked on the station, giving them the
(01:55):
ability to return home.
Speaker 2 (01:57):
Can't just uberhim? Can you finally remember this classic with
Robin Williams?
Speaker 5 (02:01):
Help me do him?
Speaker 2 (02:07):
At fifty six year old Italian man has been caught
pollowing a real life misdoubtfire, dressing up as his dead
mother to keep claiming her pension. He did her death,
had her death, I should say for three years even
turning up to renew her ID card and a wig
with makeup on and wait for it, pearls around his neck.
Staff clocked the deep voice, the thick neck and called
(02:31):
the police because he was a bloke.
Speaker 1 (02:34):
On your radio and online on iHeartRadio Early Edition with
Ryan Bridge and r the Supercenter explore v his accessories
and servicing Paul.
Speaker 2 (02:45):
In one news talks he'd been would you think you
would get away with that? Maybe his mum was manly.
I don't know. Nine two ninety two is the number
to text I say this morning, Go Peter Berling, Go
Peter Berling. I've spoken to lots of people who've worked
with him, interviewed him loads. The guy doesn't really have
an egg, well not in an annoying way, like all
athletes have egos because you need one. It's almost like
an occupational hazard. But he's not an egg. He's an
(03:08):
ego without an ego, but not an egg. Is an
Epeter Berling and Grant Dalton. On the other hand, the
statement he put out yesterday, this is after Berlin's podcast
episode came out. It was a little on the nose,
I thought. Basically, Berling said, Team New Zealand wanted too
much control over his time, which would affect other things
(03:28):
that he's doing. And then Dalton basically comes out and
said Berling wasn't giving the team his full attention and
you need the full attention to win, which doesn't really
make sense, does it. Because he was doing sale GPS,
doing a bunch of other team other things last time,
still won the cup, didn't he. And there's definitely ego
involved on that side of the coin, I think, and
(03:50):
the stakes are pretty high. If we lose, everyone's going
to be furious with Grant Dalton, aren't they. He'll be
public enemy number one, you thought Netbele news Zell and
cop bad over Dame Nils. Just wait for the blowback
on this one if the wind doesn't go our way,
Ryan Bridge. After five news talks there B have we
had some numbers from We'll talk to Nick Tuffley from
ASB on the OCR today, but we had some numbers
(04:13):
yesterday from the Reserve Bank. We get a dashboard tomorrow
for September which tells you how each individual banks results
and positions are going. But we got overall numbers yesterday.
Overall net interest margins are at two point three percent.
That is down from two point three four percent both
one and two years ago. From the same quarter a
(04:35):
year ago, bank net interest income was down sixteen percent. Overall,
the asset base, which is basically their loans, are up
six point two percent from a year ago at seven
hundred and fifty nine billion. So what are we going
to do with our mortgage insistrates? That's really the question
we want to answer this morning. We'll speak to Nick
Tuffley asb next.
Speaker 1 (04:58):
Ryan Bridge on earlier today with r V Supercenter explore
r VS eccessories and servicing all in one news talks'bi
PO thirteen.
Speaker 2 (05:07):
I told you yesterday this was going to happen, and
it's happened. So they're basically this is the regional council
stuff that they're going to get rid of them and
then bring in these new boards which the mayors, the
existing mayors of a region will sit on and then
make decisions about the region as a whole. It's interesting
that the reaction did you see on the news last night?
(05:27):
They got a one of the regional councilors on who said,
I'd like to start by extending my condolences to my
fellow regional council colleagues, and I went, oh, no one cares.
Can you tell me? And this is a genuine question.
Nineteen nine two the number to text. What have you
ever got from a regional council? Tell me? Fire up
the text machine. Fourteen minutes after five, we're going to
(05:49):
speak to Hillary Calvert, who you might know the name
was an act MP and now sits on the Otago
Regional Council. She's actually kind of for it. She's with
us before six five fourteen. It's a final OCR day
for the year. Economists expecting the reserve banks cut by
twenty five basis points to two point twenty five, leaving
the door open for further easing if the economy continues
(06:11):
to stumble. Nick Toughly ASBCHV economist with us this morning. Nick,
good morning, Good morning. Do you know what regional councils do, Nick?
Speaker 6 (06:20):
Well, I'm sure they sort of look after the water
and the environmental standards, but I don't know that they
do any OCI decision.
Speaker 2 (06:27):
No, they don't, and which is what you're here to
talk about. We're expecting a quarter point cut, a quarter
percent cutness the today later today. What are we expecting
beyond that?
Speaker 6 (06:39):
It's really going to be very much a focus on
what is the Reserve Bank judging is the likelihood that
it needs to cut further, and we expect it will
keep the door wide open to taking further action if
it needs to next year. So it's just got that
rock and a hard place at the moment where it
looks like the economy is starting to turn up, but
it's going to be away on holiday for three months
(07:00):
and it will be just wanting to use that period
to really gauge whether we are getting enough of a
recovery to come through to stop inflation calling too far
in the longer term?
Speaker 2 (07:11):
Do you agree Nick with Kievy Bank? They said that
we should have gone lower sooner and we're now basically
having to do a mop up job.
Speaker 6 (07:19):
Look, there's a degree of that in the sense that
the Reserve Bank paused earlier on this year ended up
having to restart and even cut slightly more aggressively. But look,
it has been a challenging time because, let's face it,
inflation has been sticky and the Reserve Bank was steering
inflation picking back up which it has to three percent,
and worrying that it may hold up there again. With
(07:41):
those memories of seven percent inflation, probably we'll see it
into our brains a bit as well.
Speaker 2 (07:48):
If you've got a mortgage, our longer term fixed rates
already bottoming out.
Speaker 6 (07:53):
Do we think they are getting close to that? And look,
that's where I think the messages today going to be
quite critical for that because as long as the Reserve
Bank keeps the door open that it could cut next
year if it needs to, that's going to help keep
the the wholesale rates and the mortgage rates two mortgage
rates contained. You know, if they give a signal say hey, lot,
we think we've done the job, you know, there's a
(08:15):
rest that you do start to see rates sort of
pop back up a little bit. So, look, we're getting
near the end of the declines and mortgage rates, so
sort of it's a time to start sort of thinking
about what the trade offs are for people about you know,
whether they do look to fix longer or not, whether
that's something that's in their interests.
Speaker 2 (08:32):
Appreciate your time, Nick Tuffley, asb Chief Economists for expecting
that decision from the Reserve Bank sou after noon sixteen
after five over in the U is the FED decision
is happening next month so you've got a December decision
and they're basically divided. The problem they've got there is
you've got job growth which is kind of stagnant. You've
got inflation, which is their target is two percent, but
(08:54):
they're closer to three percent. And the committee's divided do
we cut or do we not cut? And two of
Powell's allies to IMpower THEE chair are kind of out
there in the last twenty four hours laying the groundwork
for a cut. So you've got a guy called John
Williams and Mary Daily. They have indicated support for a cut,
and so the markets are now expecting a cut, a cut,
(09:16):
and then hold cut and do nothing for a while,
which kind of adds to the argument that reserve banks,
and this is what markets have been saying, is that
reserve banks around the world aren't really that interested in
taming and inflation these days. It is not really the thing,
even though it's meant to be the thing that they do.
Five to seventeen, News Talk said, be good news on education, next.
Speaker 1 (09:38):
The news you need this morning, and the in Depth
Analysis Early edition with Ryan Bridge and r V Supercenter
explore r v's accessories and servicing fall in one News talks.
Speaker 2 (09:49):
Ad be Well, the verdict descent on regional councils. None
of you like them, Ryan. All regional councils do is
piss everybody off.
Speaker 1 (09:55):
Ryan.
Speaker 2 (09:55):
All I've got from regional councils is Gary is problems
and barriers, true, says Ryan. Here in Todonger, all we
get is a six hundred dollar bill. Three hundred and
sixty of that is for a bus service which no
one uses. Ryan. All I ever got from e Can
was rates are bills, and this one in Otago, our
Otago Regional Council has just got a brand new building
(10:16):
to work in, which was totally unnecessary. That's how lucky
we are, not says Joy Joy. Not very joyous this
morning anyway. Diane what's her name, Diane Colvit or is
it yes? Sorry, Hillary Calvit. She's on the show just
before six. She works in that building, so we'll ask
her about that. To twenty after five.
Speaker 1 (10:36):
Ryan Bridge.
Speaker 2 (10:37):
More good news from the government's education reforms. In just
twelve weeks. Year seven and eight's on a maths acceleration
trial for extra support made on average a year to
two years progress in the space of twelve weeks and
the rest just doing an hour of maths a day,
the basics also made a full year's progress in that time.
(10:57):
Chris Abercrombie the PPTA with me this morning, Chris, good morning,
How are you good? Thank you? So this is this
is more good news. Do we think something I don't know?
Is there something in the water. Is there something perhaps
from Wellington happening that's working?
Speaker 7 (11:14):
Well?
Speaker 8 (11:15):
We know an intensive intervention does support young people. You know,
when you get that one on one time, that small group,
it definitely makes progress. So it's great to see.
Speaker 2 (11:25):
Great, So we need more of it.
Speaker 8 (11:27):
Absolutely, and we need to have a different year levels
as well. So one of the things we really want
is to get that support into year nine, ten and
year eleven for those students who sort of have missed
out on some of the support there for literacy and nuiracy.
So hopefully this can be rolled out in other year levels.
Speaker 2 (11:46):
Great, and what about the data for those who aren't
in the accelerated program. But just you know, your general
students who are doing an hour of math today with
the new books and all that sort of stuff, they
are showing massive improvement too.
Speaker 8 (11:59):
Again, know they say, like when they've got the intense focus,
it's definitely going to have a benefit. So it's good
to say that numeracy is increasing.
Speaker 2 (12:08):
Great. Why did we stop the intense focus on basics?
Speaker 8 (12:13):
Oh, I wouldn't say we stopped the intense focus. It's
just that we've we had different ways of doing it,
and this is another way of doing it. But one
of the issues with intense focus is that it is
resource heavy. And that's you know, and that's fine as
long as that resource continues. It is a very resource
heavy way of doing it, but it's not a necessarily
(12:33):
bad thing, just that resource needs to continue.
Speaker 2 (12:35):
What's resource heavy about doing an hour of math today?
Speaker 8 (12:39):
Well, everything about it in the in the intensive part
of it, the twelve week program, the hour of day
is having that focus means you need to do less
of other things and you have to have resources to
make sure you can do that and focus. So be
it the textbooks, as you mentioned, the teacher time, the
expert time, that's all resource heavy.
Speaker 2 (13:00):
But what were they doing if I understand that, yes,
you have to spend an hour on maths today, but
but what else were they doing?
Speaker 8 (13:08):
Well, there's other things. It's a very broad curriculum.
Speaker 2 (13:13):
Was that a bad idea? Was that a bad idea?
Speaker 8 (13:15):
I mean, like, you know, this is the thing.
Speaker 2 (13:19):
Is that but you can do you can do art
at home, crest, can't you? I mean you've got to
learn message at home, can you? Well? No, most parents
probably wouldn't be able to teach their kids maths. Most
of them can probably give them a paintbrush and let
them go nuts.
Speaker 8 (13:34):
I have more faith and parents about teaching maths. I
teach my kids maths, So I'm not a math teacher.
I think I think it's they're doing a bit of
a disserviced appearance. But what I'm saying is that there's
always trade offs in these decisions. So and that's and
that's perfectly fine as long as we're all willing to
deal with those trade offs.
Speaker 2 (13:54):
I think we are. Do you think Erica Stamford is
the best education minister we've had in decades?
Speaker 9 (14:00):
Are on?
Speaker 8 (14:00):
You know, I'm not going to answer a silly question
like that.
Speaker 2 (14:03):
Appreciate your time. Chris Chris Abercrombie, PPTA President, twenty four
After five News Talks VB.
Speaker 1 (14:08):
The Early Edition full show podcast on iHeartRadio. How It
by NEWSTALKSB.
Speaker 2 (14:15):
Five, twenty six News Talks. Heb, oh, look, I'm not
that old, but I'm part of a generation that grew
up pre cell phones. Grew up at a time where
presents were usually clothing that you needed. Toys were chatterings, marbles,
maybe a skateboard if you were really lucky. There was
no picky eating. Did you hear about this last week?
If you didn't finish what was on you played at dinner,
(14:36):
you didn't get a treat afterwards, and treats were usually
fruit or a RaRo sachet if you managed to sneak
one out of the pantry. There were no snacks. If
you were hungry before dinner, Mum would say, drink a
glass of water. Goodness me. School was basic. It was maths, reading, writing,
a bit of everything else. What we're learning as a
(14:56):
society is that where collectively we have taken our eye
off the ball, we've taken parenting to a level beyond usefulness.
Do we need cheap, imported asbestos sand to engage toddlers? No,
we don't. Do we need one thousand fun school subjects
in place of decent time on basic ones, No we don't.
(15:17):
Do we need to tiptoe around kids not eating their veggies,
as was suggested yesterday, for fear that they may develop
some kind of eating disorder. No we don't do They
all need cell phones that helicopter parents message constantly while
their kids should be learning at school. No we don't.
We didn't then and we don't now. And the results
speak for themselves. The Aussies abandon social media. Cell phone
(15:41):
bands in schools here are working. According to those results, yesterday,
students forced to do an hour of good old fashioned
maths a day made a full year's progress in just
twelve weeks. Kids are fatter than ever because of what
we're feeding them, so the meal time passive parenting thing
clearly ain't working. The good news is that it's not
(16:01):
too late to turn all this around. Frankly, parents and
teachers are the ones who need to grow up and
show leadership here, not the kids. The kids will follow
the lead. And the best news of all is that
most of this stuff is easier and cheaper. We've set
expectations too high, boundaries too low, and our kids are
(16:24):
paying the price. Ryan Bridge, twenty eight minutes after five
nine the number to text Wayne Brown yesterday, and this
is quite funny. I didn't know the Palestine protests people
are still going, but apparently they are. This happened in
the council meeting yesterday.
Speaker 5 (16:40):
Free Free Palestine, Free be.
Speaker 8 (16:50):
Ryan.
Speaker 2 (16:50):
Honestly is that PPTA guy for real? Parents can teach
children maths from home. Lots of parents can't be bothered
sending their kids to school. What a fool, says Ryan.
Chris would have loved jan Tanisi though. I imagine see
this is the problem. The unions lose all credibility. When
something good happens, you just say, yeah, this is good,
and if you really care about kids, you say, yeah,
(17:13):
we should do more of it. To be fair, he
didn't say that. He just doesn't want to give any
credit to the current lot. They coming up after news.
We're in the UK. There is talk that Ukraine is
agreeing to a peace plan with the Russians, and Broken
by America will have the latest on that. News talks there'd.
Speaker 10 (17:30):
Be the first word on the news of the day
early edition with Ryan Bridge and r V super Center
explore r v's accessories and servicing.
Speaker 1 (17:46):
All in one news talks.
Speaker 2 (17:47):
A'd be too far away from the six news Talks.
They'd be great to have your company coming up, Lord Culling,
regional councils will do that before six. And we're in
London as well. We're streeting who's the health secretary over there.
He's in out because they've got the budget obviously, and
so they're announcing a few of their we taxes that
they're getting and even though they said they wouldn't do
(18:07):
any more taxes, they're doing more taxes. But this one
I can kind of get on board with and I
want to test the waters with you see where you're
at with it too. So Labor there has confirmed it's
extending their sugar tax. This is for soft drinks, you know, pepsi, coke,
that kind of thing. But also what they're labeling it today,
this is the opposition, is a milkshake tax, because there
(18:31):
was an exemption for milk based drinks that's now being
scrapped and the levy is being lowered from five grams
of sugar poo one hundred mils to four point five
grams of sugar pool one hundred mils. So basically more
drinks would be caught up in all of this, and
they are saying not this is a crackdown on obesity,
but also quite helpful for them given their current situation,
(18:54):
financial situation. It'll let them they reckon an extra hundred
million bucks a year, thank you very much. Now, the
reason I think this is if I don't like taxes,
No one likes taxes. But if you're going to do
a tax, if you have to do a tax, I
think you could do worse than a sugar tax, because
I mean, look at that last week we learnt about
is it twenty forty five? Every dollar in tax we
(19:16):
pay will go on just health and super health and
super and the fatter and more obese we make children
and allow children to become, the more health problems they
will have down the line, the more it costs the
health system. So I would tax the hell out of sugar,
and I would give people who are on low incomes.
I would give them, you know, like on a community
(19:38):
services card. Whole foods would be discounted. You'd flip that
whole thing on its head, surely, wouldn't you? Nine two
nine two the number it is twenty two away from six.
Bryan Bread, Let's go around the country. Calum Propter and
Tonedan Callum, good morning morning. Right, you've got the Alpine
Lakes Forum kicking off in Wonica today. Yeah.
Speaker 11 (19:59):
This is a two day fresh water event bringing together
mar the Fenua researchers, policymakers and community leaders are discussing
how to protect our region's deep alpine lakes. The lakes
healths are under pressure from land use change, nutrient in puts,
climate variability and biodiversity decline. Why Warnacher's hosting the forum
(20:19):
The CEO's Cat Dylan. He says bridging the gap between
research and actions the key to protecting these lakes. He says,
real change happens when we work together to turn knowledge
into action for healthy waterways. And note the Otago Regional
Council will be represented at the meeting.
Speaker 2 (20:34):
For now callum for now. Hey, how's your weather?
Speaker 11 (20:38):
Rain Clears to find this morning. Gusty northwest is here today,
so the High twenty eight.
Speaker 2 (20:43):
Cheers, Mate Clears and christ this morning.
Speaker 12 (20:44):
Claire, good morning.
Speaker 2 (20:46):
This is very tragic, but it's an unforgiving mountain. As
an Adaki Mount Cook it is.
Speaker 12 (20:53):
This was terrible yesterday Ryan, when we found out that
there had been some sort of rescue mission around Aldaki
Mount Cook late the night before. We then found that
two people had died after a fall there at around midnight.
What we know is that these two climbers were part
of a group of four. We now know that there
were two guides and two clients, one of each have
(21:16):
died in this tragedy. They were roped together and completing
its reverse of the country's highest peak when they fell
and died.
Speaker 13 (21:23):
Now it is.
Speaker 12 (21:24):
Thought that this tragedy is an unfortunate reminder of how
unforgiving this environment is. Mountain Safety Council Chief Executive Mike
Daisley says, while it's a beautiful environment for people to explore,
small mistakes can have very tough consequences. He says conditions
on the mountain have actually been ideal lately, drawing many
climbers to the summit in recent days.
Speaker 2 (21:45):
I was reading yesterday something like two hundred and forty
people have died on that mountain since the start of
the twentieth century, which is an incredible thing, and dozens
of them have never been found.
Speaker 12 (21:54):
I was about to say, many never recovered and some
not so long ago. It's a terrible tragedy.
Speaker 2 (22:01):
Yeah, yeah, it is. But also they had doing what
they love, what they love. You know what I mean,
there's a reason they go back. How's the weather today
clear here.
Speaker 12 (22:08):
In christ Church, mostly cloudy. There is a few spots
of morning rain. Northeasterly's turning northwest and the high will
be twenty nine.
Speaker 2 (22:15):
Nice thanks oh twenty nine goodness met? Thanks clear. Max
in Wellington, Good morning, Max, good morning. Got a couple
of new sites for Wellingtonians.
Speaker 6 (22:23):
Yeah.
Speaker 7 (22:24):
I heard the comments by the Venerable mister Hosking on
Monday saying are from sound a little gloomy and with
that some cheerful positivity in the capitol. We have a
new arts venue for one the city's oldest cinema, the Paramount, Sir,
which is.
Speaker 2 (22:36):
Mess that it's pot kittle black. He's mister gloomy every
day of the year.
Speaker 7 (22:41):
Well I for one vow to from here on out
have a sunny disposition. The Paramount along Courtney Place upstairs
the old cinema being repurposed as a place to watch music, comedy, theater, etc.
During the annual Fringe Festival next year. Beautiful loft space,
open air rooftop. It's it's been quite a shame. Actually,
it hasn't been in use for some time now, since
(23:02):
twenty seventeen and hopefully it can last beyond this February
Arts Festival also got a new sculpture installed at Whitehangy Park,
a very large sort of upside down steel orb that's
been installed along one of the paths. It was designed
and made by a South Korean artist, made for six
hundred thousand dollars. But thanks to fundraising by the Wellington
(23:25):
Sculpture Trust, you've got that now down at the Waterfront
Park as well.
Speaker 2 (23:29):
And upside down steel orb all right, must get to Wellington.
That's to be fair good on them for fundraising and
doing it that way. That's fantastic to hear. You haven't
mentioned the three hundred and thirty staff at Wellington Council
that shouldn't be there, Max, Is that too, Nique?
Speaker 7 (23:43):
Well, you can go down two routes, can't you with
these live crosses?
Speaker 2 (23:49):
So are you saying for the rest of the year, Max,
you're going to be happy? I maybe for the rest
of the week. Okay, how shall wear that?
Speaker 7 (23:58):
Mostly fine this morning and then some showers later? Strong
win twenty one the high.
Speaker 2 (24:02):
Nceel and thank you Nevers and Auckland Hall.
Speaker 14 (24:04):
I was ready to put some money on that.
Speaker 2 (24:06):
I know what yeah, I call be yes. Now what
have you got about Brian Tommicky.
Speaker 14 (24:11):
Yeah, well look he's trying once again, this is negative
to disrupt traffic over Auckland Harbor Bridge. Yes, yes, So
what is he doing. He's launching an application for a protest. Now,
this is on January thirty first. Now I think people
will remember that he had a march over the bridge planned.
This was last month, but it didn't go ahead because
Tamiki's claiming he decided not to go ahead with it.
(24:32):
But NZTA says it refused permission. So the Transport Agency
is now saying that Tamaki's made a new application. He
made this new application on Monday for you know, this
protest on January thirty first. Now you might be saying,
with this new march, okay, what will he be protesting about?
Speaker 2 (24:50):
What is it this time?
Speaker 14 (24:51):
Immigration? This is the funniest one politicians who's morals he
disagrees withhead'll be everyone.
Speaker 2 (24:57):
Just so, But do you know what's annoying about this?
We use that bridge. Just go and protest at a
civic square exactly like Eden Park needs more events, Go
and give them one. Just bugger right, that's right, annoying.
Thank you, that's our weather, Neva.
Speaker 14 (25:09):
Partly cloudy, isolated shells twenty five not as high as
Christich with your twenty nine, but twenty five.
Speaker 2 (25:15):
We'll take it. Sixteen to six News Talk said b
where in London next. You've probably heard me harp on
about performance and results. It's something that I'm always paying
attention to, and for good reason. The latest independent data
from morning Star is worth noting. Milford's Key we Saver
funds are number one for performance over the past ten
(25:35):
years in the active, growth, balanced and conservative categories. This
has proven long term consistency, which is what you want.
You can have a look for yourself at these results
Morningstar dot com dot A you as where you do that.
Milford's also been recognized with a string of industry awards
can Stars, Key we Save a Provider of the Year,
Outstanding Value, most Satisfied Customers as well. They have won
(26:01):
the Consumer People's Choice Award eight years in a row,
and that is telling you something. For proven performance and
happy customers, Milford's worth a look. Changing to Milford takes
just a couple of minutes online. Past performance not a
reliable indicative future performance. Milford Funds Limited as the issue
of the Milford key we save a plan. You can
go to milfordsset dot com to read the product disclosure
(26:23):
statement and to see their financial advice provider disclosure statement.
Speaker 1 (26:27):
International correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand Business.
Speaker 2 (26:33):
Are we close to a deal on Ukraine? Gavin Gray?
Are UK europe correspondent with Uskevin, how we looking?
Speaker 6 (26:40):
Yeah?
Speaker 5 (26:40):
I think we're edging there.
Speaker 3 (26:41):
So.
Speaker 5 (26:41):
Roustom Umarov, he's the head of Ukraine's Security Council, has
said that the US and Ukraine has quote reached a
common understanding on the key terms of the agreement discussed
at those talks in Geneva, and is also saying that
they're trained to arrange a visit for President Lotiman Zelensky
from Ukraine to visit the US meet Donald Trump quote
(27:03):
at the earliest suitable date this month. So that would
mean in the next three, four or five days or so,
as the diplomatic attempts to end the war continue. Not
quite sure yet how much, if any of Europe's input
into this is going to count into the final solution.
The counterproposals reportedly drafted by the uk France and Germany
(27:28):
frankly have been dismissed by a Krimin officialist being completely unconstructed.
But we'll wait to see what the details are about
this after this meeting with Donald Trump. Incidentally, they'm afraid
a night of violence and death with according to President Zelenski,
twenty two missiles and more than four hundred and sixty
drones launched at Ukraine overnight, resulting in the deaths of
(27:50):
at least six people.
Speaker 2 (27:52):
Givin wiztrating expanding the sugar techs and now it'll apply
to chocolate milk, presumably because there's no milk exemption to it.
Did people care about this? Did I think it's a
good idea, bad idea.
Speaker 5 (28:04):
I think it's something the government might just have been
keeping back to issue the day before the much heralded budget,
in which the government will lay out its plans for
the finances and the economy and the tax intake and
the spending. That's all going to come in just about
twenty two hours time from now. But this is something
which most doctors agree with, a lot of medics agree with.
(28:28):
Critics say it's you know, big nanny, big state getting
involved in what people eat. But what this first started
out was back in twenty eighteen, the previous government, previous
political party brought in a levy aiming to reduce sugar
consumption by giving manufacturers an incentive to use less sugar.
And the government says the original tax had led to
a forty six percent reduction in the sugar in fizzy drinks.
(28:51):
Now it's going further. It is reducing the threshold at
which tax applies from five grams of sugar per one
hundred milli liters to four point five. Now, if you think, well,
that's not going to make much difference, lots of the
drinks manufacturers reduce things down to five percent to fall
outside of the tax. Now they're going to have to
do it again. It's going to be interesting to see
(29:11):
how they get on.
Speaker 2 (29:12):
So you get lesson less sugar. I appreciate your time.
That's govin Gray. Our UK europe correspondent time is ten.
Speaker 1 (29:17):
To six bridge.
Speaker 2 (29:19):
So government wants to cull all eleven regional councils across
the country. Instead, their consenting powers will be given to
the city and district mayors, who will form another form
of council to make region wide decisions. Hillary calverts Otago
Regional Council chair with me this morning. Could be out
of a job if these went through Hillary, Good morning,
good morning thoughts.
Speaker 13 (29:40):
Yes, it's sort of been a while coming regional councils
and that there's the feeling that there's perhaps one too
many layers of decisions and activity and local government in
New Zealand, I think, and.
Speaker 2 (29:57):
You agree with that, you'd be happy to be out
of a job.
Speaker 13 (30:03):
Yes, I am probably one of the one of the
turkeys who would organize Christmas. Not not because I would
like to be out of a job, because I've just
got into it and having been chosen as cheered by
my fellow counselors. It is a bit sad the thought
(30:24):
that I can't continue to do that, but for the
sake of the Otago Region people and the ratepayers. I
can see where the government's coming from.
Speaker 2 (30:37):
How many staff work at the Otago Regional Council.
Speaker 8 (30:44):
I think.
Speaker 13 (30:47):
Three hundred and sixty eight to something. Wow, so there's
twice as many as there was six years.
Speaker 15 (30:54):
Ago and are doing yeah, well, a lot of planning
and that's probably an area that the government has particularly
focused on because of what the awkwardness about planning is
that the government makes rules like here's what water should
(31:15):
be like, and you should go and make a plan
about how are you going to do that, And then
we go and make a plan about the water and
that it's done every five years or whatever it's done.
And then the people below us, the territorial authorities, then
they make plans to carry out what we tell them
(31:36):
to do. And that also is a plan that might
be five yearly and it might have been two years
after the plan that we've made, so and there's another
one below that.
Speaker 13 (31:48):
So the government it's all out of step and it
doesn't produce good, good results really because it hasn't got
a clear pathway because.
Speaker 2 (32:01):
Everyone's just sitting around writing plans, out of date ones
at that. Hillary, appreciate your time this morning. Hillary calvet
Otago Regional Council Chair. Happy to be out of a job.
By the way, the RMA reforms are coming by the
end of the year and that will mean fewer plans,
fewer consent categories, fewer consents needed, therefore less to do.
News Talk CBB.
Speaker 1 (32:21):
Get ahead of the headlines on early edition with Ryan
Bridge and r V Supercenter explore RVs accessories and servicing
all in one News Talks.
Speaker 2 (32:31):
AB five to six on News Talks CBS. So we
have seventy eight councils in New Zealand, including those territorial authorities.
Yesterday we had a list of the most populated cities
in the world. Come out. Jakarta has overtaken Tokyo as
the world's largest city. Jakarta is forty two million people.
Tokyo now number three, thirty three million people. Guess how
many local governments they have in Tokyo for thirty three
(32:53):
million people. Twenty three. There you go, Mike's here with
you next. Good morning, Mike.
Speaker 9 (32:58):
They'd have some different prefix you account as though, wouldn't they.
Speaker 2 (33:01):
This is twenty three local council local governments, I'm told,
in total for that many people.
Speaker 9 (33:06):
Problem is the interesting thing we'll have Old Chris Bishop
on this morning. The interesting thing I think about the
story is that it's it's a profound change, but no
one cares so, in other words, because no one turned
up to both no, so we couldn't give a monkey.
So there's no point in complaining about it, or worrying
about it or thinking about it, because you know, we
spoke a couple of weeks ago, and you know, we
couldn't even bothered participating.
Speaker 2 (33:26):
So unless your labor who said this is terrible because
it takes away a layer of decision.
Speaker 9 (33:31):
As say everything they say everything is terrible. It's like
your mate, what about your mate from the union. I mean,
I mean that story is one of the great stories.
You can't argue, just admit it. And it's just like say, excellent.
Well was he sounded so miserable, didn't he? He did
well the RB today as well.
Speaker 2 (33:50):
Brilliant Have a great day, everybody, see tomorrow.
Speaker 1 (34:00):
Or more from Early edition with Ryan Bridge. Listen live
to News Talks it B from five am weekdays, or
follow the podcast on iHeartRadio
The issues, the interviews and the insight. Ryan Bridge on
Earli ereditiaw with r the Supercenter explore r V successories
and servicing all in one news talks.
Speaker 2 (00:12):
That'd be good morning. Welcome to Wednesday six after five.
Coming up, we'll speak to the Turkey voting for Christmas,
on regional councils, getting the shop and Gavin Gray's in
the UK for US is always more good news on
maths from Stanford. It's ocr day today. Nick Tuffley on that,
and there's a tax coming out of the UK and
we don't like taxes, but this one actually seems quite reasonable.
(00:33):
The agenda Wednesday the twenty six in November, peace coming
to Ukraine. While there's a question mark still all of
this is off the record, officials briefing the press, that
sort of thing, but they reckon they've agreed to a
deal in principle. The outline of a deal. Russia is
apparently still not moving an inch from the og Us plan.
Speaker 3 (00:51):
We expect to receive the version they consider interim after
the coordination phase with the Europeans and Ukrainians and then
were its because if the spirits and letter of anchorage,
the key understandings we recorded are stripped out, it will
be a fundamentally different situation. But for now, I repeat,
(01:12):
we have not received anything officially.
Speaker 2 (01:14):
Absolute chimozzle in space from China. They're rushing to rescue
three astronauts stranded on the space station. The unnamed Shinzu
twenty two has been launched months early after the crew's
original ride home was given to another team when their
capsule was damaged by space debris.
Speaker 4 (01:32):
They're not due to come back till next April. But
what if there's an emergency? What if something went wrong
with the Tangong Space Station? What if one of them
had an injury or something like that? Day would be
feeling much better today because what's happened is a rocket
has taken off from western China and a new module
has now successfully docked on the station, giving them the
(01:55):
ability to return home.
Speaker 2 (01:57):
Can't just uberhim? Can you finally remember this classic with
Robin Williams?
Speaker 5 (02:01):
Help me do him?
Speaker 2 (02:07):
At fifty six year old Italian man has been caught
pollowing a real life misdoubtfire, dressing up as his dead
mother to keep claiming her pension. He did her death,
had her death, I should say for three years even
turning up to renew her ID card and a wig
with makeup on and wait for it, pearls around his neck.
Staff clocked the deep voice, the thick neck and called
(02:31):
the police because he was a bloke.
Speaker 1 (02:34):
On your radio and online on iHeartRadio Early Edition with
Ryan Bridge and r the Supercenter explore v his accessories
and servicing Paul.
Speaker 2 (02:45):
In one news talks he'd been would you think you
would get away with that? Maybe his mum was manly.
I don't know. Nine two ninety two is the number
to text I say this morning, Go Peter Berling, Go
Peter Berling. I've spoken to lots of people who've worked
with him, interviewed him loads. The guy doesn't really have
an egg, well not in an annoying way, like all
athletes have egos because you need one. It's almost like
an occupational hazard. But he's not an egg. He's an
(03:08):
ego without an ego, but not an egg. Is an
Epeter Berling and Grant Dalton. On the other hand, the
statement he put out yesterday, this is after Berlin's podcast
episode came out. It was a little on the nose,
I thought. Basically, Berling said, Team New Zealand wanted too
much control over his time, which would affect other things
(03:28):
that he's doing. And then Dalton basically comes out and
said Berling wasn't giving the team his full attention and
you need the full attention to win, which doesn't really
make sense, does it. Because he was doing sale GPS,
doing a bunch of other team other things last time,
still won the cup, didn't he. And there's definitely ego
involved on that side of the coin, I think, and
(03:50):
the stakes are pretty high. If we lose, everyone's going
to be furious with Grant Dalton, aren't they. He'll be
public enemy number one, you thought Netbele news Zell and
cop bad over Dame Nils. Just wait for the blowback
on this one if the wind doesn't go our way,
Ryan Bridge. After five news talks there B have we
had some numbers from We'll talk to Nick Tuffley from
ASB on the OCR today, but we had some numbers
(04:13):
yesterday from the Reserve Bank. We get a dashboard tomorrow
for September which tells you how each individual banks results
and positions are going. But we got overall numbers yesterday.
Overall net interest margins are at two point three percent.
That is down from two point three four percent both
one and two years ago. From the same quarter a
(04:35):
year ago, bank net interest income was down sixteen percent. Overall,
the asset base, which is basically their loans, are up
six point two percent from a year ago at seven
hundred and fifty nine billion. So what are we going
to do with our mortgage insistrates? That's really the question
we want to answer this morning. We'll speak to Nick
Tuffley asb next.
Speaker 1 (04:58):
Ryan Bridge on earlier today with r V Supercenter explore
r VS eccessories and servicing all in one news talks'bi
PO thirteen.
Speaker 2 (05:07):
I told you yesterday this was going to happen, and
it's happened. So they're basically this is the regional council
stuff that they're going to get rid of them and
then bring in these new boards which the mayors, the
existing mayors of a region will sit on and then
make decisions about the region as a whole. It's interesting
that the reaction did you see on the news last night?
(05:27):
They got a one of the regional councilors on who said,
I'd like to start by extending my condolences to my
fellow regional council colleagues, and I went, oh, no one cares.
Can you tell me? And this is a genuine question.
Nineteen nine two the number to text. What have you
ever got from a regional council? Tell me? Fire up
the text machine. Fourteen minutes after five, we're going to
(05:49):
speak to Hillary Calvert, who you might know the name
was an act MP and now sits on the Otago
Regional Council. She's actually kind of for it. She's with
us before six five fourteen. It's a final OCR day
for the year. Economists expecting the reserve banks cut by
twenty five basis points to two point twenty five, leaving
the door open for further easing if the economy continues
(06:11):
to stumble. Nick Toughly ASBCHV economist with us this morning. Nick,
good morning, Good morning. Do you know what regional councils do, Nick?
Speaker 6 (06:20):
Well, I'm sure they sort of look after the water
and the environmental standards, but I don't know that they
do any OCI decision.
Speaker 2 (06:27):
No, they don't, and which is what you're here to
talk about. We're expecting a quarter point cut, a quarter
percent cutness the today later today. What are we expecting
beyond that?
Speaker 6 (06:39):
It's really going to be very much a focus on
what is the Reserve Bank judging is the likelihood that
it needs to cut further, and we expect it will
keep the door wide open to taking further action if
it needs to next year. So it's just got that
rock and a hard place at the moment where it
looks like the economy is starting to turn up, but
it's going to be away on holiday for three months
(07:00):
and it will be just wanting to use that period
to really gauge whether we are getting enough of a
recovery to come through to stop inflation calling too far
in the longer term?
Speaker 2 (07:11):
Do you agree Nick with Kievy Bank? They said that
we should have gone lower sooner and we're now basically
having to do a mop up job.
Speaker 6 (07:19):
Look, there's a degree of that in the sense that
the Reserve Bank paused earlier on this year ended up
having to restart and even cut slightly more aggressively. But look,
it has been a challenging time because, let's face it,
inflation has been sticky and the Reserve Bank was steering
inflation picking back up which it has to three percent,
and worrying that it may hold up there again. With
(07:41):
those memories of seven percent inflation, probably we'll see it
into our brains a bit as well.
Speaker 2 (07:48):
If you've got a mortgage, our longer term fixed rates
already bottoming out.
Speaker 6 (07:53):
Do we think they are getting close to that? And look,
that's where I think the messages today going to be
quite critical for that because as long as the Reserve
Bank keeps the door open that it could cut next
year if it needs to, that's going to help keep
the the wholesale rates and the mortgage rates two mortgage
rates contained. You know, if they give a signal say hey, lot,
we think we've done the job, you know, there's a
(08:15):
rest that you do start to see rates sort of
pop back up a little bit. So, look, we're getting
near the end of the declines and mortgage rates, so
sort of it's a time to start sort of thinking
about what the trade offs are for people about you know,
whether they do look to fix longer or not, whether
that's something that's in their interests.
Speaker 2 (08:32):
Appreciate your time, Nick Tuffley, asb Chief Economists for expecting
that decision from the Reserve Bank sou after noon sixteen
after five over in the U is the FED decision
is happening next month so you've got a December decision
and they're basically divided. The problem they've got there is
you've got job growth which is kind of stagnant. You've
got inflation, which is their target is two percent, but
(08:54):
they're closer to three percent. And the committee's divided do
we cut or do we not cut? And two of
Powell's allies to IMpower THEE chair are kind of out
there in the last twenty four hours laying the groundwork
for a cut. So you've got a guy called John
Williams and Mary Daily. They have indicated support for a cut,
and so the markets are now expecting a cut, a cut,
(09:16):
and then hold cut and do nothing for a while,
which kind of adds to the argument that reserve banks,
and this is what markets have been saying, is that
reserve banks around the world aren't really that interested in
taming and inflation these days. It is not really the thing,
even though it's meant to be the thing that they do.
Five to seventeen, News Talk said, be good news on education, next.
Speaker 1 (09:38):
The news you need this morning, and the in Depth
Analysis Early edition with Ryan Bridge and r V Supercenter
explore r v's accessories and servicing fall in one News talks.
Speaker 2 (09:49):
Ad be Well, the verdict descent on regional councils. None
of you like them, Ryan. All regional councils do is
piss everybody off.
Speaker 1 (09:55):
Ryan.
Speaker 2 (09:55):
All I've got from regional councils is Gary is problems
and barriers, true, says Ryan. Here in Todonger, all we
get is a six hundred dollar bill. Three hundred and
sixty of that is for a bus service which no
one uses. Ryan. All I ever got from e Can
was rates are bills, and this one in Otago, our
Otago Regional Council has just got a brand new building
(10:16):
to work in, which was totally unnecessary. That's how lucky
we are, not says Joy Joy. Not very joyous this
morning anyway. Diane what's her name, Diane Colvit or is
it yes? Sorry, Hillary Calvit. She's on the show just
before six. She works in that building, so we'll ask
her about that. To twenty after five.
Speaker 1 (10:36):
Ryan Bridge.
Speaker 2 (10:37):
More good news from the government's education reforms. In just
twelve weeks. Year seven and eight's on a maths acceleration
trial for extra support made on average a year to
two years progress in the space of twelve weeks and
the rest just doing an hour of maths a day,
the basics also made a full year's progress in that time.
(10:57):
Chris Abercrombie the PPTA with me this morning, Chris, good morning,
How are you good? Thank you? So this is this
is more good news. Do we think something I don't know?
Is there something in the water. Is there something perhaps
from Wellington happening that's working?
Speaker 7 (11:14):
Well?
Speaker 8 (11:15):
We know an intensive intervention does support young people. You know,
when you get that one on one time, that small group,
it definitely makes progress. So it's great to see.
Speaker 2 (11:25):
Great, So we need more of it.
Speaker 8 (11:27):
Absolutely, and we need to have a different year levels
as well. So one of the things we really want
is to get that support into year nine, ten and
year eleven for those students who sort of have missed
out on some of the support there for literacy and nuiracy.
So hopefully this can be rolled out in other year levels.
Speaker 2 (11:46):
Great, and what about the data for those who aren't
in the accelerated program. But just you know, your general
students who are doing an hour of math today with
the new books and all that sort of stuff, they
are showing massive improvement too.
Speaker 8 (11:59):
Again, know they say, like when they've got the intense focus,
it's definitely going to have a benefit. So it's good
to say that numeracy is increasing.
Speaker 2 (12:08):
Great. Why did we stop the intense focus on basics?
Speaker 8 (12:13):
Oh, I wouldn't say we stopped the intense focus. It's
just that we've we had different ways of doing it,
and this is another way of doing it. But one
of the issues with intense focus is that it is
resource heavy. And that's you know, and that's fine as
long as that resource continues. It is a very resource
heavy way of doing it, but it's not a necessarily
(12:33):
bad thing, just that resource needs to continue.
Speaker 2 (12:35):
What's resource heavy about doing an hour of math today?
Speaker 8 (12:39):
Well, everything about it in the in the intensive part
of it, the twelve week program, the hour of day
is having that focus means you need to do less
of other things and you have to have resources to
make sure you can do that and focus. So be
it the textbooks, as you mentioned, the teacher time, the
expert time, that's all resource heavy.
Speaker 2 (13:00):
But what were they doing if I understand that, yes,
you have to spend an hour on maths today, but
but what else were they doing?
Speaker 8 (13:08):
Well, there's other things. It's a very broad curriculum.
Speaker 2 (13:13):
Was that a bad idea? Was that a bad idea?
Speaker 8 (13:15):
I mean, like, you know, this is the thing.
Speaker 2 (13:19):
Is that but you can do you can do art
at home, crest, can't you? I mean you've got to
learn message at home, can you? Well? No, most parents
probably wouldn't be able to teach their kids maths. Most
of them can probably give them a paintbrush and let
them go nuts.
Speaker 8 (13:34):
I have more faith and parents about teaching maths. I
teach my kids maths, So I'm not a math teacher.
I think I think it's they're doing a bit of
a disserviced appearance. But what I'm saying is that there's
always trade offs in these decisions. So and that's and
that's perfectly fine as long as we're all willing to
deal with those trade offs.
Speaker 2 (13:54):
I think we are. Do you think Erica Stamford is
the best education minister we've had in decades?
Speaker 9 (14:00):
Are on?
Speaker 8 (14:00):
You know, I'm not going to answer a silly question
like that.
Speaker 2 (14:03):
Appreciate your time. Chris Chris Abercrombie, PPTA President, twenty four
After five News Talks VB.
Speaker 1 (14:08):
The Early Edition full show podcast on iHeartRadio. How It
by NEWSTALKSB.
Speaker 2 (14:15):
Five, twenty six News Talks. Heb, oh, look, I'm not
that old, but I'm part of a generation that grew
up pre cell phones. Grew up at a time where
presents were usually clothing that you needed. Toys were chatterings, marbles,
maybe a skateboard if you were really lucky. There was
no picky eating. Did you hear about this last week?
If you didn't finish what was on you played at dinner,
(14:36):
you didn't get a treat afterwards, and treats were usually
fruit or a RaRo sachet if you managed to sneak
one out of the pantry. There were no snacks. If
you were hungry before dinner, Mum would say, drink a
glass of water. Goodness me. School was basic. It was maths, reading, writing,
a bit of everything else. What we're learning as a
(14:56):
society is that where collectively we have taken our eye
off the ball, we've taken parenting to a level beyond usefulness.
Do we need cheap, imported asbestos sand to engage toddlers? No,
we don't. Do we need one thousand fun school subjects
in place of decent time on basic ones, No we don't.
(15:17):
Do we need to tiptoe around kids not eating their veggies,
as was suggested yesterday, for fear that they may develop
some kind of eating disorder. No we don't do They
all need cell phones that helicopter parents message constantly while
their kids should be learning at school. No we don't.
We didn't then and we don't now. And the results
speak for themselves. The Aussies abandon social media. Cell phone
(15:41):
bands in schools here are working. According to those results, yesterday,
students forced to do an hour of good old fashioned
maths a day made a full year's progress in just
twelve weeks. Kids are fatter than ever because of what
we're feeding them, so the meal time passive parenting thing
clearly ain't working. The good news is that it's not
(16:01):
too late to turn all this around. Frankly, parents and
teachers are the ones who need to grow up and
show leadership here, not the kids. The kids will follow
the lead. And the best news of all is that
most of this stuff is easier and cheaper. We've set
expectations too high, boundaries too low, and our kids are
(16:24):
paying the price. Ryan Bridge, twenty eight minutes after five
nine the number to text Wayne Brown yesterday, and this
is quite funny. I didn't know the Palestine protests people
are still going, but apparently they are. This happened in
the council meeting yesterday.
Speaker 5 (16:40):
Free Free Palestine, Free be.
Speaker 8 (16:50):
Ryan.
Speaker 2 (16:50):
Honestly is that PPTA guy for real? Parents can teach
children maths from home. Lots of parents can't be bothered
sending their kids to school. What a fool, says Ryan.
Chris would have loved jan Tanisi though. I imagine see
this is the problem. The unions lose all credibility. When
something good happens, you just say, yeah, this is good,
and if you really care about kids, you say, yeah,
(17:13):
we should do more of it. To be fair, he
didn't say that. He just doesn't want to give any
credit to the current lot. They coming up after news.
We're in the UK. There is talk that Ukraine is
agreeing to a peace plan with the Russians, and Broken
by America will have the latest on that. News talks there'd.
Speaker 10 (17:30):
Be the first word on the news of the day
early edition with Ryan Bridge and r V super Center
explore r v's accessories and servicing.
Speaker 1 (17:46):
All in one news talks.
Speaker 2 (17:47):
A'd be too far away from the six news Talks.
They'd be great to have your company coming up, Lord Culling,
regional councils will do that before six. And we're in
London as well. We're streeting who's the health secretary over there.
He's in out because they've got the budget obviously, and
so they're announcing a few of their we taxes that
they're getting and even though they said they wouldn't do
(18:07):
any more taxes, they're doing more taxes. But this one
I can kind of get on board with and I
want to test the waters with you see where you're
at with it too. So Labor there has confirmed it's
extending their sugar tax. This is for soft drinks, you know, pepsi, coke,
that kind of thing. But also what they're labeling it today,
this is the opposition, is a milkshake tax, because there
(18:31):
was an exemption for milk based drinks that's now being
scrapped and the levy is being lowered from five grams
of sugar poo one hundred mils to four point five
grams of sugar pool one hundred mils. So basically more
drinks would be caught up in all of this, and
they are saying not this is a crackdown on obesity,
but also quite helpful for them given their current situation,
(18:54):
financial situation. It'll let them they reckon an extra hundred
million bucks a year, thank you very much. Now, the
reason I think this is if I don't like taxes,
No one likes taxes. But if you're going to do
a tax, if you have to do a tax, I
think you could do worse than a sugar tax, because
I mean, look at that last week we learnt about
is it twenty forty five? Every dollar in tax we
(19:16):
pay will go on just health and super health and
super and the fatter and more obese we make children
and allow children to become, the more health problems they
will have down the line, the more it costs the
health system. So I would tax the hell out of sugar,
and I would give people who are on low incomes.
I would give them, you know, like on a community
(19:38):
services card. Whole foods would be discounted. You'd flip that
whole thing on its head, surely, wouldn't you? Nine two
nine two the number it is twenty two away from six.
Bryan Bread, Let's go around the country. Calum Propter and
Tonedan Callum, good morning morning. Right, you've got the Alpine
Lakes Forum kicking off in Wonica today. Yeah.
Speaker 11 (19:59):
This is a two day fresh water event bringing together
mar the Fenua researchers, policymakers and community leaders are discussing
how to protect our region's deep alpine lakes. The lakes
healths are under pressure from land use change, nutrient in puts,
climate variability and biodiversity decline. Why Warnacher's hosting the forum
(20:19):
The CEO's Cat Dylan. He says bridging the gap between
research and actions the key to protecting these lakes. He says,
real change happens when we work together to turn knowledge
into action for healthy waterways. And note the Otago Regional
Council will be represented at the meeting.
Speaker 2 (20:34):
For now callum for now. Hey, how's your weather?
Speaker 11 (20:38):
Rain Clears to find this morning. Gusty northwest is here today,
so the High twenty eight.
Speaker 2 (20:43):
Cheers, Mate Clears and christ this morning.
Speaker 12 (20:44):
Claire, good morning.
Speaker 2 (20:46):
This is very tragic, but it's an unforgiving mountain. As
an Adaki Mount Cook it is.
Speaker 12 (20:53):
This was terrible yesterday Ryan, when we found out that
there had been some sort of rescue mission around Aldaki
Mount Cook late the night before. We then found that
two people had died after a fall there at around midnight.
What we know is that these two climbers were part
of a group of four. We now know that there
were two guides and two clients, one of each have
(21:16):
died in this tragedy. They were roped together and completing
its reverse of the country's highest peak when they fell
and died.
Speaker 13 (21:23):
Now it is.
Speaker 12 (21:24):
Thought that this tragedy is an unfortunate reminder of how
unforgiving this environment is. Mountain Safety Council Chief Executive Mike
Daisley says, while it's a beautiful environment for people to explore,
small mistakes can have very tough consequences. He says conditions
on the mountain have actually been ideal lately, drawing many
climbers to the summit in recent days.
Speaker 2 (21:45):
I was reading yesterday something like two hundred and forty
people have died on that mountain since the start of
the twentieth century, which is an incredible thing, and dozens
of them have never been found.
Speaker 12 (21:54):
I was about to say, many never recovered and some
not so long ago. It's a terrible tragedy.
Speaker 2 (22:01):
Yeah, yeah, it is. But also they had doing what
they love, what they love. You know what I mean,
there's a reason they go back. How's the weather today
clear here.
Speaker 12 (22:08):
In christ Church, mostly cloudy. There is a few spots
of morning rain. Northeasterly's turning northwest and the high will
be twenty nine.
Speaker 2 (22:15):
Nice thanks oh twenty nine goodness met? Thanks clear. Max
in Wellington, Good morning, Max, good morning. Got a couple
of new sites for Wellingtonians.
Speaker 6 (22:23):
Yeah.
Speaker 7 (22:24):
I heard the comments by the Venerable mister Hosking on
Monday saying are from sound a little gloomy and with
that some cheerful positivity in the capitol. We have a
new arts venue for one the city's oldest cinema, the Paramount, Sir,
which is.
Speaker 2 (22:36):
Mess that it's pot kittle black. He's mister gloomy every
day of the year.
Speaker 7 (22:41):
Well I for one vow to from here on out
have a sunny disposition. The Paramount along Courtney Place upstairs
the old cinema being repurposed as a place to watch music, comedy, theater, etc.
During the annual Fringe Festival next year. Beautiful loft space,
open air rooftop. It's it's been quite a shame. Actually,
it hasn't been in use for some time now, since
(23:02):
twenty seventeen and hopefully it can last beyond this February
Arts Festival also got a new sculpture installed at Whitehangy Park,
a very large sort of upside down steel orb that's
been installed along one of the paths. It was designed
and made by a South Korean artist, made for six
hundred thousand dollars. But thanks to fundraising by the Wellington
(23:25):
Sculpture Trust, you've got that now down at the Waterfront
Park as well.
Speaker 2 (23:29):
And upside down steel orb all right, must get to Wellington.
That's to be fair good on them for fundraising and
doing it that way. That's fantastic to hear. You haven't
mentioned the three hundred and thirty staff at Wellington Council
that shouldn't be there, Max, Is that too, Nique?
Speaker 7 (23:43):
Well, you can go down two routes, can't you with
these live crosses?
Speaker 2 (23:49):
So are you saying for the rest of the year, Max,
you're going to be happy? I maybe for the rest
of the week. Okay, how shall wear that?
Speaker 7 (23:58):
Mostly fine this morning and then some showers later? Strong
win twenty one the high.
Speaker 2 (24:02):
Nceel and thank you Nevers and Auckland Hall.
Speaker 14 (24:04):
I was ready to put some money on that.
Speaker 2 (24:06):
I know what yeah, I call be yes. Now what
have you got about Brian Tommicky.
Speaker 14 (24:11):
Yeah, well look he's trying once again, this is negative
to disrupt traffic over Auckland Harbor Bridge. Yes, yes, So
what is he doing. He's launching an application for a protest. Now,
this is on January thirty first. Now I think people
will remember that he had a march over the bridge planned.
This was last month, but it didn't go ahead because
Tamiki's claiming he decided not to go ahead with it.
(24:32):
But NZTA says it refused permission. So the Transport Agency
is now saying that Tamaki's made a new application. He
made this new application on Monday for you know, this
protest on January thirty first. Now you might be saying,
with this new march, okay, what will he be protesting about?
Speaker 2 (24:50):
What is it this time?
Speaker 14 (24:51):
Immigration? This is the funniest one politicians who's morals he
disagrees withhead'll be everyone.
Speaker 2 (24:57):
Just so, But do you know what's annoying about this?
We use that bridge. Just go and protest at a
civic square exactly like Eden Park needs more events, Go
and give them one. Just bugger right, that's right, annoying.
Thank you, that's our weather, Neva.
Speaker 14 (25:09):
Partly cloudy, isolated shells twenty five not as high as
Christich with your twenty nine, but twenty five.
Speaker 2 (25:15):
We'll take it. Sixteen to six News Talk said b
where in London next. You've probably heard me harp on
about performance and results. It's something that I'm always paying
attention to, and for good reason. The latest independent data
from morning Star is worth noting. Milford's Key we Saver
funds are number one for performance over the past ten
(25:35):
years in the active, growth, balanced and conservative categories. This
has proven long term consistency, which is what you want.
You can have a look for yourself at these results
Morningstar dot com dot A you as where you do that.
Milford's also been recognized with a string of industry awards
can Stars, Key we Save a Provider of the Year,
Outstanding Value, most Satisfied Customers as well. They have won
(26:01):
the Consumer People's Choice Award eight years in a row,
and that is telling you something. For proven performance and
happy customers, Milford's worth a look. Changing to Milford takes
just a couple of minutes online. Past performance not a
reliable indicative future performance. Milford Funds Limited as the issue
of the Milford key we save a plan. You can
go to milfordsset dot com to read the product disclosure
(26:23):
statement and to see their financial advice provider disclosure statement.
Speaker 1 (26:27):
International correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand Business.
Speaker 2 (26:33):
Are we close to a deal on Ukraine? Gavin Gray?
Are UK europe correspondent with Uskevin, how we looking?
Speaker 6 (26:40):
Yeah?
Speaker 5 (26:40):
I think we're edging there.
Speaker 3 (26:41):
So.
Speaker 5 (26:41):
Roustom Umarov, he's the head of Ukraine's Security Council, has
said that the US and Ukraine has quote reached a
common understanding on the key terms of the agreement discussed
at those talks in Geneva, and is also saying that
they're trained to arrange a visit for President Lotiman Zelensky
from Ukraine to visit the US meet Donald Trump quote
(27:03):
at the earliest suitable date this month. So that would
mean in the next three, four or five days or so,
as the diplomatic attempts to end the war continue. Not
quite sure yet how much, if any of Europe's input
into this is going to count into the final solution.
The counterproposals reportedly drafted by the uk France and Germany
(27:28):
frankly have been dismissed by a Krimin officialist being completely unconstructed.
But we'll wait to see what the details are about
this after this meeting with Donald Trump. Incidentally, they'm afraid
a night of violence and death with according to President Zelenski,
twenty two missiles and more than four hundred and sixty
drones launched at Ukraine overnight, resulting in the deaths of
(27:50):
at least six people.
Speaker 2 (27:52):
Givin wiztrating expanding the sugar techs and now it'll apply
to chocolate milk, presumably because there's no milk exemption to it.
Did people care about this? Did I think it's a
good idea, bad idea.
Speaker 5 (28:04):
I think it's something the government might just have been
keeping back to issue the day before the much heralded budget,
in which the government will lay out its plans for
the finances and the economy and the tax intake and
the spending. That's all going to come in just about
twenty two hours time from now. But this is something
which most doctors agree with, a lot of medics agree with.
(28:28):
Critics say it's you know, big nanny, big state getting
involved in what people eat. But what this first started
out was back in twenty eighteen, the previous government, previous
political party brought in a levy aiming to reduce sugar
consumption by giving manufacturers an incentive to use less sugar.
And the government says the original tax had led to
a forty six percent reduction in the sugar in fizzy drinks.
(28:51):
Now it's going further. It is reducing the threshold at
which tax applies from five grams of sugar per one
hundred milli liters to four point five. Now, if you think, well,
that's not going to make much difference, lots of the
drinks manufacturers reduce things down to five percent to fall
outside of the tax. Now they're going to have to
do it again. It's going to be interesting to see
(29:11):
how they get on.
Speaker 2 (29:12):
So you get lesson less sugar. I appreciate your time.
That's govin Gray. Our UK europe correspondent time is ten.
Speaker 1 (29:17):
To six bridge.
Speaker 2 (29:19):
So government wants to cull all eleven regional councils across
the country. Instead, their consenting powers will be given to
the city and district mayors, who will form another form
of council to make region wide decisions. Hillary calverts Otago
Regional Council chair with me this morning. Could be out
of a job if these went through Hillary, Good morning,
good morning thoughts.
Speaker 13 (29:40):
Yes, it's sort of been a while coming regional councils
and that there's the feeling that there's perhaps one too
many layers of decisions and activity and local government in
New Zealand, I think, and.
Speaker 2 (29:57):
You agree with that, you'd be happy to be out
of a job.
Speaker 13 (30:03):
Yes, I am probably one of the one of the
turkeys who would organize Christmas. Not not because I would
like to be out of a job, because I've just
got into it and having been chosen as cheered by
my fellow counselors. It is a bit sad the thought
(30:24):
that I can't continue to do that, but for the
sake of the Otago Region people and the ratepayers. I
can see where the government's coming from.
Speaker 2 (30:37):
How many staff work at the Otago Regional Council.
Speaker 8 (30:44):
I think.
Speaker 13 (30:47):
Three hundred and sixty eight to something. Wow, so there's
twice as many as there was six years.
Speaker 15 (30:54):
Ago and are doing yeah, well, a lot of planning
and that's probably an area that the government has particularly
focused on because of what the awkwardness about planning is
that the government makes rules like here's what water should
(31:15):
be like, and you should go and make a plan
about how are you going to do that, And then
we go and make a plan about the water and
that it's done every five years or whatever it's done.
And then the people below us, the territorial authorities, then
they make plans to carry out what we tell them
(31:36):
to do. And that also is a plan that might
be five yearly and it might have been two years
after the plan that we've made, so and there's another
one below that.
Speaker 13 (31:48):
So the government it's all out of step and it
doesn't produce good, good results really because it hasn't got
a clear pathway because.
Speaker 2 (32:01):
Everyone's just sitting around writing plans, out of date ones
at that. Hillary, appreciate your time this morning. Hillary calvet
Otago Regional Council Chair. Happy to be out of a job.
By the way, the RMA reforms are coming by the
end of the year and that will mean fewer plans,
fewer consent categories, fewer consents needed, therefore less to do.
News Talk CBB.
Speaker 1 (32:21):
Get ahead of the headlines on early edition with Ryan
Bridge and r V Supercenter explore RVs accessories and servicing
all in one News Talks.
Speaker 2 (32:31):
AB five to six on News Talks CBS. So we
have seventy eight councils in New Zealand, including those territorial authorities.
Yesterday we had a list of the most populated cities
in the world. Come out. Jakarta has overtaken Tokyo as
the world's largest city. Jakarta is forty two million people.
Tokyo now number three, thirty three million people. Guess how
many local governments they have in Tokyo for thirty three
(32:53):
million people. Twenty three. There you go, Mike's here with
you next. Good morning, Mike.
Speaker 9 (32:58):
They'd have some different prefix you account as though, wouldn't they.
Speaker 2 (33:01):
This is twenty three local council local governments, I'm told,
in total for that many people.
Speaker 9 (33:06):
Problem is the interesting thing we'll have Old Chris Bishop
on this morning. The interesting thing I think about the
story is that it's it's a profound change, but no
one cares so, in other words, because no one turned
up to both no, so we couldn't give a monkey.
So there's no point in complaining about it, or worrying
about it or thinking about it, because you know, we
spoke a couple of weeks ago, and you know, we
couldn't even bothered participating.
Speaker 2 (33:26):
So unless your labor who said this is terrible because
it takes away a layer of decision.
Speaker 9 (33:31):
As say everything they say everything is terrible. It's like
your mate, what about your mate from the union. I mean,
I mean that story is one of the great stories.
You can't argue, just admit it. And it's just like say, excellent.
Well was he sounded so miserable, didn't he? He did
well the RB today as well.
Speaker 2 (33:50):
Brilliant Have a great day, everybody, see tomorrow.
Speaker 1 (34:00):
Or more from Early edition with Ryan Bridge. Listen live
to News Talks it B from five am weekdays, or
follow the podcast on iHeartRadio
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