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December 5, 2024 • 13 mins

FIRST WITH YESTERDAY'S NEWS (highlights from Thursday on Newstalk ZB) Quite Boring, But Probably Important/Farms Beat Forests/Kainga Ora's Controversial Carpet Conversation/Marcus Goes to a 3-Way/Christmas Loopholes

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

Speaker 2 (00:23):
Hello, my beautiful beanies, and welcome to the bean for Friday.
First of yesterday's news. I am Glen Hart and we
are looking back at Thursday. The forestry versus farm debate
has seems to have swung fully back towards farming again,
tapp into that shortly.

Speaker 3 (00:44):
Conga Order's carpet controversial.

Speaker 2 (00:51):
Marcus goes to the rebranded parent Teacher interview and who
has the best Christmas party? We'll go to somebody who
goes to several so they'll be able to tell us.
But before any of that, Andrew Dickens just has a
look at the generally what's going on there.

Speaker 4 (01:10):
If you look at government debt to GDP, there was
around about ninety percent at the end of last year,
not good. Private debt is at one hundred and forty percent.
That's you and I at forty percent of GDP. That's
private debt. Some of that is working capital for businesses,
but most of it is in mortgages. It's in houses
and not in businesses and in jobs, which is why

(01:31):
when the Reserve Bank puts the squeeze on interest rates,
we slump into a recession quick smart and round about.
Now you're going to say, here goes Dickens. He's going
to say we need a capital gains tax. But you'll
be wrong because I'm part of the problem. I'm sixty one,
I'd be working for forty years. I've got a portfolio
of four properties. This is the best way to ensure
personal financial growth. We've all known it. We've known it

(01:54):
for generations. Even though I know it's not great for
the country, it's great for me. We're all saying this.
I don't want a capital gains tax, but at least
I'm honest about it. And if anybody thinks that they
can change this fundamental structural problem that New Zealand has
fallen into over fifty years year dreaming it would lead
to a very long winter of economic discontent and are

(02:15):
painfully slow recovery. The only thing we can really do
is try and make the share market work, try and
make liquid investments work, make them more attractive, make them
more lucrative, because at the moment we stick them into
asset classes and property and maybe you could drop corporate
taxt levels or maybe capital gains on the share market.
Maybe that makes a lot more sense. But if we

(02:36):
don't watch out, we will end out dirt poor, with
a lot of property that looks very nice and maybe
some nice art, but no jobs.

Speaker 2 (02:45):
Can we just if this one thing out of twenty
five I would like to see sort of that time
of year we start looking forward?

Speaker 3 (02:53):
Isn't it for next year?

Speaker 2 (02:55):
Can we get people to stop describing bad times.

Speaker 3 (02:59):
As a winter of discontent because it's.

Speaker 2 (03:01):
Just the most misquoted quote or misused quote and literary
history if you ask me, because you know the discontent
was coming to an end. That's why it was the
winter of the discontent. It wasn't a winter of discontent.

(03:23):
It was the end of discontent. And that's what I
hope twenty twenty five or b have I got a
little bit bogged down on that.

Speaker 3 (03:29):
Probably news talk has it been okay?

Speaker 2 (03:34):
So it seems like the government's stepping in and telling
farmers they can't sell to forestry or plant trees or something.

Speaker 3 (03:44):
Trees are bad. Now farm's good.

Speaker 5 (03:47):
We don't have to be bigger, better than more morally
robust than China or the US or all of those
countries where it absolutely matters. So there's that, there's that
part of it. We must do our bit. We must
be the most efficient in the cleanest possible way. That's

(04:08):
a great goal, but setting arbitrary targets that most countries
are failing to meet it just seems pointless. I'd love
to hear from the farmers themselves, you've got one shot
when you sell the farm. Is this going to mean

(04:30):
you're not going to get the best possible price, or
that the price will be reduced somewhat because you're not
going to have the same competition when you had foresters
looking to put the farm into pine forest? And what's
going to mean for the rural communities too? Is this

(04:51):
an injection a rejuvenation of rural communities that have slowly
been dying.

Speaker 3 (04:58):
I've a sort of.

Speaker 2 (04:59):
A slight uncomfortable feeling about the artificiality of all of this.
It seems strange that this particular government seems to be
resisting market forces in this way.

Speaker 3 (05:14):
I've probably got it wrong. I don't understand how any
of this stuff works.

Speaker 2 (05:17):
Shouldn't even be commenting on it? Talk right the controversial
carpet conversation.

Speaker 3 (05:25):
Or the CCC is I like to call.

Speaker 2 (05:28):
It, in fact, the Cooinger Order controversial tarfet conversation ACCC.

Speaker 3 (05:38):
Let's just get into it, and it.

Speaker 6 (05:40):
Happens despite a coalition agreement deal with New Zealand. First
ensuring we're practical, and that might be the caveat that
Ko is using here to get out of wool, that
the local product be used in government procurement and in
government buildings. But Ko, like a good kid in class,
has been listening to the government's main lecture, which has
cut costs. Wool is thirty percent more expensive on average

(06:04):
in carpets for state houses than the nylon equivalent. But
the industry, says KO, and the deal could revitalize a
flailing product and its fortunes. So we have a clash
of competing priorities cost versus localism. The answer to the
question posed at the start of this is another question,
which is never It's kind of annoying when people do that,

(06:25):
But here we are what is the net benefit to
New Zealand's economy as a whole of government buying wool carpet,
including the jobs that you would create, including the spending
that you would encourage, and the increased cost of wool
on the taxpayer. That surely is your number. That is
the number that you would base a decision on whether

(06:47):
to use a new Zealand made product over a synthetic,
imported equivalent.

Speaker 2 (06:53):
This is just the team new thing well over again,
isn't it. We're supposed to feel guilty about buying cheap stuff.

Speaker 3 (07:03):
So are we supposed to feel guilty about that?

Speaker 2 (07:06):
Or are we just going to turn a blind eye
to because I mean, if it's cheaper, you know what's
involved in making stuff cheaper?

Speaker 3 (07:14):
We all do, and we will pretend that it's not.

Speaker 2 (07:15):
Sometimes that week's bit more convenient and it costs us
this money.

Speaker 3 (07:20):
We know that somebody is being exploited somewhere. The cheap
you know, it's the economy, isn't it.

Speaker 2 (07:27):
You've got to its best for then.

Speaker 3 (07:30):
I mean, right now, it's that time of year.

Speaker 2 (07:35):
If you're a parent, you've probably got to go and
see the teachers.

Speaker 3 (07:38):
Oh yeah, sure, what's it called?

Speaker 2 (07:42):
Now?

Speaker 7 (07:42):
I had I had parent teachers interviews to that school.

Speaker 6 (07:49):
Get this.

Speaker 8 (07:51):
They call it a three way. Yeah, they call it
a three way because the teachers, the parents, and the pupils.
So we had our three way today, so I said
for the three way, although there was actually five of
us because the two kids are in the same class.

(08:13):
So there was the teacher, the two children the same class,
and me and my partner. And then the teacher said
any questions, and I said, yes, which of the children
do you prefer? She wouldn't answer that, which I thought

(08:34):
was very fair. But anyway, that was kind of how
it went. It was the three way, which was the
five ways. So anyway, it was good, very good.

Speaker 7 (08:44):
Nothing like the joy of sitting on a child's chair
as you always do.

Speaker 3 (08:51):
For the three way.

Speaker 7 (08:52):
Anyway, that's my story. That was I had some other
funny things. I said, I forget what they were. Let's
get a bit of a high going back into the classroom. Anyway,
that was that. That was all very good. Kids were delightful.
I'll be too scared of a child to go along
to a three way, but the kids loved it and

(09:13):
they go They liked the teacher, so that was exciting.
Then I just went into a ramble we planned for
the holiday's discussion.

Speaker 3 (09:24):
So that was good.

Speaker 8 (09:29):
Something that was a three way.

Speaker 2 (09:31):
Yeah, I don't know that it was called the three
way with my kids.

Speaker 3 (09:34):
I think we had student lead I think they were
called student.

Speaker 2 (09:38):
Lead interviews where the students presented their quote learning journeys unquote.
All I know is that whenever I had to go
back into the school, I just would suffer from PDSD.

Speaker 3 (09:56):
My vision would start.

Speaker 2 (09:57):
To swim, my head would spin around, I'd get busy.

Speaker 3 (10:01):
Sometimes worse consciousness.

Speaker 2 (10:07):
So yeah, I never you did what because you're talking
about I was just thought the list we're just trying to.

Speaker 3 (10:12):
Get through without throwing.

Speaker 1 (10:14):
Up news talk.

Speaker 3 (10:16):
Has it been.

Speaker 2 (10:17):
Many ways similar to you know, waking up in the
morning after with a terrible hangover.

Speaker 3 (10:24):
So I feel like every time I have to go
back to the school, which I don't really have to
do it all these days, it's fantastic. We're going to
finish up here.

Speaker 2 (10:31):
Speaking of hangovers, there's a been a bit of talk
about Christmas parties because it is Christmas party season this week,
and obviously the public service Christmas parties sound absolutely terrible.

Speaker 3 (10:44):
But this bloke, it sounds like it gets to go
to a few different ones.

Speaker 9 (10:46):
Being a subcontract, you know, just contracting out the different
people you do work for them, you howking to other
companies knew it when it comes to meat puts.

Speaker 10 (10:54):
Mate. We're getting border to so many and that gets hard,
and that's the best way to do it. Pick and
choose who's got the best way? Who's it? You know,
I'm not bringing six bucks to play for you. A
lot gets so many invitations.

Speaker 11 (11:10):
Yeah, they're looking they're looking to I guess you're in
a different circumstance though. They're looking to whine and dine you,
aren't they They're they're looking to say thank you for
for for what you've done for them across the year.

Speaker 10 (11:22):
I think it's that too. But the other thing too
is that's the relationships you build with the guys you
work with. And it is hard because I'd like to
be with them and they're different and you're all invited,
but it shows how it's changed with you. But too,
because there's a lot of guys out there who work
like us who don't have a Christmas function. Well we
kind of do, but I'm not going to talk about

(11:43):
that on it.

Speaker 9 (11:45):
But you know, it's neat that other people recognize it
and want to include us.

Speaker 10 (11:49):
Yeah, and that's the yeah.

Speaker 6 (11:52):
Yeah, as a subby who lets loose the most parts,
that's the plumber isn't.

Speaker 2 (11:56):
It chippees mate, Yeah, yeah.

Speaker 10 (12:00):
Yet life.

Speaker 2 (12:03):
As opposed as opposed to Chris Hopkins, the other chippe.
I don't know how many, because I say he gets
some by the forms.

Speaker 3 (12:12):
I was a bit like that when I used to.

Speaker 2 (12:16):
Billiver the papers because I was the substitute deliveroro and
so when other paper boys and girls we're on holiday,
I got the paperwork, which meant that I've got the
presents that people would leave in a little box, thinking
that they were giving a present to the person who
delivered their paper all the year round, but really it

(12:37):
was only me, and I'd only be doing it for
a couple of days.

Speaker 3 (12:41):
Oh it was great. What a loopholes.

Speaker 2 (12:44):
I am a glen hat exploder of loopholes that has
been used to they've been Don't worry.

Speaker 3 (12:50):
I'm back here again on Monday. It's not the end
of the year.

Speaker 1 (12:55):
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