NEWSTALK ZBEEN: What To Do About Those Non-Tradables

FIRST WITH YESTERDAY'S NEWS (highlights from Wednesday on Newstalk ZB) Whatever They Are/The Climate Can Wait/Don't Poke China... Or Luxon/We're All Insulation Experts Now/New World Does it Again

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Episode Transcript

Speaker 1 (00:09):
You're listening to a podcast from News Talk Said B
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Used Talk Said Talk said.

Speaker 2 (00:22):
Hello, my beautiful beanies, and welcome to the bean for Thursday.
First of yesterday's news. I'm Glen Hart and we are
looking back at Wednesday. So the climate strategy. We've had
a slight adjustment with the climate strategy, haven't we. We've
decided that saving the planet's just bit hard. We'll just
put it back a bit. It'll be fine. Meanwhile, former

(00:44):
Prime Ministers Clark and Brash have said, well what are
you doing? And we're also rolling back the tough insulation
rules as well. It's hard, it's a bit hard. And
Mark is very excited about the impending New Will promotion.

(01:07):
Can they do it again, New World? And they and
they break our brains again with whatever we're supposed to
be collecting this time. But the first up so inflation
day yesterday, it was great news all around.

Speaker 3 (01:22):
You would have to say economic vibes are probably about
as bad right now as they have been in my
adult lifetime, maybe even as they have been this century.
These are grim times and most of the big banks
think that cuts are coming. Most of them now have
adjusted their forecast. They're expecting the first cuts to the

(01:42):
OCER in November, maybe even fifty basis points this year.
But look, I gotta say, I feel like I have come.

Speaker 2 (01:50):
I have become.

Speaker 3 (01:52):
Too accustomed to bad news on the infacian front to
get too excited just yet. Because here's the thing, five
point four percent on those non tradables. If we don't
see a good improvement on that non tradable figure come
October and the next CPI data, with the uncertainty of
the US election and the US presidency, it is surely

(02:15):
not inconceivable that Adrian All would say, Hey, you wanted
us to conquer inflation. You wanted us to be bloody
minded when it comes to inflation.

Speaker 4 (02:27):
We are going to make.

Speaker 3 (02:28):
Damn sure that thing is dead before we make any cuts.
So are cuts coming in November. I might bet my
mortgage on it, but I wouldn't yet bet the house.

Speaker 2 (02:43):
So I sit here on the Mike Husking breakfast, trying
to get myke Husking to stop talking so we can
play the news every morning. And I have heard people
talk about non tradeables so many times, and how sticky
inflation is that yesterday it was also I think it
was the non tradeables. They were chunky, and the whole
thing was funky. That's sticky, chunky and funky. And I still,

(03:12):
even after all this time, at the very depths of
our economic despair, I have no idea what a non
tradable is. I'm going to be honest with you, view
know what is it? Either, man, we've got to We've
got to get rid of them though, that's for sure.
Or we need more of them? Do we need more
of them? We've got to get I don't know. I
don't know what we've got to do with them. Can

(03:34):
we make the non tradables tradable? Is that what we
need to do? Oh, we've got to do something with them,
that's for sure.

Speaker 1 (03:44):
News talk has it been?

Speaker 5 (03:46):
All right?

Speaker 2 (03:46):
Enough of that foolishness. What are we going to do
about the climate? Oh? Nothing? Actually, for a while.

Speaker 6 (03:54):
On almost every indicator worth measuring, from public health to
educational attainment to social well being, the Scandinavians have got
it on. And that's because they've grown wealthy on extractive industries.
They used to be primitive, they used to be subsistence
type economies, until they realized Hang on a minute. We've

(04:15):
got stuff that people want and their economic success is
basically based on extractive industries Norways oil, Sweden's iron or
Finland's forest, huge carbon footprints. But what the hey, they're wealthy,
they're generous, Their people have a great time, they enjoy

(04:35):
high educational well being, they enjoy superior health outcomes because
they're rich. And everybody says, oh, look at Scandinavia, and
nobody says, ooh, look at dirty, filthy, polluting extract of Scandinavia.
Do they. You can only afford to be generous when
you've got the income to do so. So give me

(04:55):
a realistic, pragmatic plan over pie in the sky idealism
any day of the week.

Speaker 2 (05:02):
Yeah. Yeah, we're all in favor of saving the world.
Can we just do it a little bit more slowly?
I mean, yes, it's a climate crisis, but can we
just make it a slower crisis and we'll get round
to it eventually? Yeah, it's the world still there.

Speaker 1 (05:19):
Que's talk zip.

Speaker 2 (05:21):
So a bit of criticism from Clark and Brash. They
actually both of them used to be in charge for
a bit. What do they know?

Speaker 4 (05:34):
China, they reckon is no bigger Aspire threat to US
than other countries. Here's the thing, though, Luxon hasn't actually
changed much in the way of foreign policy yet. Plus
the full Financial Times article also quotes him saying we're
pursuing a balanced strategy with China on trade, renewable energy
and people to people ties. What's more, the current PM

(05:56):
is getting more up to date briefings on China's cyber
threat than Clark or Brash. And when it comes down
to it, most of us would agree that we'd side
with America and Australia sl if war returned the Pacific theater,
wouldn't we isn't Laxon just laying out and saying what's
realistically bound to happen, and saying all of that, Australia

(06:19):
the hard way that poking the bear and what it
can do to your exports. So it's an area in
which we should tread carefully. But perhaps some are now
better placed than others to walk that tightrope.

Speaker 2 (06:30):
Yeah, you should never poke bears. There's never a good
time to do that. In fact, don't poke any animals please,
And saying that I don't know why Black and Brash
want to poke lax and there's too much poking going on.

(06:53):
Stop poking, all right. So yeah, the visulation, it was
too difficult, so we're making it easier again. It was
just too hard. Given everybody nice warmhouses for work. Put
a stop to that could work.

Speaker 5 (07:11):
What people have got to understand is what the code
calls for, all right. It doesn't for a start, there
are zions right throughout New Zealand. Now, one of the
examples I would give you is that elaminated glass, while
we are value in other words, the insulation value of
it is less than double glazing, it may be suitable
to put in and meet compliance requirements. So there's one cost,

(07:34):
additional cost all right. Now, to do H one calculations,
you really need something. As an architect, I use a
consultant who specializes in calculating the H one requirements for
a building because it's so complicated. But basically, in my
lifetime I visited ninety countries over ninety countries, and New
Zealand is now almost the top of the building costs

(07:58):
in the entire world. It's the cost of just got
completely out of the hand. So it's just a nonsense
to say that he's reducing it to whatever he's just
making the code more cost effective so we don't have
these enormous cost increases in now.

Speaker 3 (08:13):
And that's a fair point, Terry. And if anyone thinks
that we're rolling it back to single plane or you know,
weather board uninsulated, it's just playing wrong. It's not rolling
it back to that. But just having a look at
these these are values, and I've got the graph in
front of me. What I can't understand completely, Terry, is
there for a lot of these requirements there's either no

(08:34):
difference or very little difference between those climate zones. And
there's six of those zones up and down the country,
whether you're building in Northland or building in Southland. But
for example, the roof instulation was doubled under these new standards.
That's the same across the board. Same with the wall insulation,
the floor insulation of a slight change whether you're building
in Northland to Southland.

Speaker 2 (08:53):
Where these sorts of stories aren't they Certainly we've all
got to be insulation experts as well as being environment scientists.
I guess I personally, I don't have a problem having
the most expensive being the most expensive country to build
a house. If our houses end up being the best

(09:14):
houses in the world, you know what I mean. So
if you can guarantee me.

Speaker 1 (09:20):
That with it news Talk, has it been right?

Speaker 2 (09:26):
We're going to finish up here. I think Maxris must
have got the same email I got. I'm very excited
to see New World's got a new promotion, and they're
slightly this excited when I found out what it actually was.

Speaker 7 (09:36):
There is a brand new promotion for New World. If
you got the Smeg knives and what was the last thing, cutlery,
The latest thing is glass containers with a plastic top.
Looks I get them on Timu, but maybe you can't,
so Q Frenzy imagine that will happen soon the Frenzy

(10:01):
for all of that.

Speaker 2 (10:02):
I quite like the look of these, the kind of
container that you The Marcu says you can get them one.
You probably can. You can get most things on Timo.
But I understand that some people are a bit wary
about Temu and for some reason. I mean, I don't
understand why, but I understand that some people are. I

(10:27):
reckon the way to make a better container is not
necessarily to make the glass bottom and the plastic cop
but to have multiple plestic tops before each container, because
I have a drawer that's full of containers and there's
not the same number of lids to bottoms, too many bottoms,

(10:47):
not enough cops, and I feel like this whole thing,
this whole situation, and it's a disaster, and you spent
a lot of time. You lose a lot of productivity,
and we're all about increasing our productivity. Lose a lot
of kitchen productivity just fossiping through the draw eventually emptying
it all out, starting again, and then realizing that the

(11:08):
lid that you're looking for and seems to no longer exist.
Somehow it's gone to the same planet as the lost
socks and the lost pens. Where do those lids go?
We've got round it a little bit and that sometimes

(11:29):
we've got we've got different sizes of containers that are
the same shape at the top, and so what we've
got some lids that will fit on different deeper container,
shallower container, it's the same size, red kangle, you know
what I mean. But it doesn't really help with if

(11:50):
suddenly you've made way too match slow cooker and you've
got to divide it into portions to go in the freezer.
But basically, what I'm saying, is that, Yeah, I'm for
the new Will promotion. I think as long as there's
lots of lids. Man, this that we're on a long time,
didn't it. Are you regretting staying right to the end

(12:13):
or are you're happy that you did. I'm Glen Hart.
That has been news to zaid Bean. Sometimes it goes
like this, not always at the end, could be at
the beginning, could be in the middle. It's not usually
at the beginning. Is this ever going to end? Yes?
It is ending now.

Speaker 1 (12:30):
News Talk is Talking zid bean. For more from news Talk,
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