May 29, 2025 • 12 mins
FIRST WITH YESTERDAY'S NEWS (highlights from Thursday on Newstalk ZB) Tugging at Purse Strings, Not Just Heart Strings/Aussie Ain't All That/Ignoring Trump So He'll Go Away/Blame Canada for Our Coins
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Speaker 1 (00:09):
You're listening to a podcast from news Talk said B.
Follow this and our wide range of podcasts now on
iHeartRadio Used Talk said B Talk.
Speaker 2 (00:23):
Hello, my beautiful beanies, and welcome to the bean for Friday.
First with yesterday's news, I am Glen Hart, and we
are looking back at Thursday. Have we all just started
to ignore Trump to try and get things back to normal?
And the air quotes. We'll get into that shortly. There
is new ten cent coins coming for some reason. Andrew
(00:47):
is a bit confused by this. But first up, sometimes
I find out about the news by doing this podcast.
This story sort of passed me. By making changes to
the children. What happens with the children of overstayers? That
is a bit complicated at the moment.
Speaker 3 (01:04):
The only option is to go to the Minister of
Immigration and plead individual cases, which is time consuming and
lengthy and costly and takes up a lot of bureaucrats time.
So what do we do with these eighteen and nineteen
(01:26):
year olds? An immigration lawyer quoted in this stuff story
wants a repeal of the two thousand and six law
change which removed the right the birthright citizenship, or he
suggests we do what the Aussies and the Brits do,
and that is grant citizenship if you're born here and
(01:47):
have lived here for ten years or more. Surely that
seems the most humane way of dealing with these young adults.
They're here, they've been here all their lives. They likely
have siblings who have New Zealand citizenship, those siblings working
(02:09):
or at university. Should the same rights be granted to
those kids who threw no fault of their own, were
born in this country, and now find themselves in effect stateless,
without a country, without a place to call home, despite
the fact that New Zealand is the only home they've known.
(02:30):
I would do what the Aussies and the Brits do.
If you have been born here, if you have lived
here for ten years or more, you're.
Speaker 2 (02:40):
A ki we Yeah, this is one of those weird
things that's a people wanting to replicate what's happening in
the United States where people are being deported to countries
that they've never even been to. So I an ideaal scenario.
Speaker 1 (02:53):
To me, News talk ze been you know, warm.
Speaker 4 (02:59):
Heart or cold heart on this, I mean, set aside
even the bleeding heart stuff that is that is relevant
but set that aside, just from a purely economic perspective,
we should be helping them stay here, shouldn't we, Because
I mean, we've invested huge amounts of money into these kids.
We've educated them, sometimes all the way up to the
age of eighteen. We've given them free healthcare, We've given
them whatever free stuff we do for kids in this country.
(03:20):
So surely it only makes sense to let them stay here,
let them work here, let them pay their taxes and
essentially pay the country back. But also, we can't afford
to kick these young workers out. I mean, what have
we been talking about on this show for nearly a
week now. We've been talking about the rising cost of superannuation.
It's completely unaffordable. Apparently we used to have seven workers
supporting everyone pension and now we only have two and
(03:42):
a half workers. We can't carry on like that. If
we accept that to be true, and it is, then
we cannot afford to lose these young workers. We need
every single decent one that we can keep here. Now,
decent is an important distinction. I mean, obviously we don't
want to keep the rascals because they'll just be a
net cost to New Zealand. So here's a very simple test, right,
if the kid and their parents haven't fallen foul of
(04:04):
the law in a significant way, you know, small infringements
like traffic finds aside and so on. If they've largely
been good, tax paying, law abiding people, then keep them.
Because think about it as like this as well. At
some point most of those parents, if not all of them,
will have been given a visa, so they'll have been
wanted by this country. They will have passed some sort
of a test. They've just overstayed. So I think give
(04:26):
them an amnesty, both the kids and their parents, because surely,
purely based on economics, we have invested too much into
them to give a potentially good taxpayer to another country
just out of spite.
Speaker 2 (04:37):
Yeah, I guess. I mean, can we make that argument
for anybody like that just overstayers generally that we should
let them be here as long as they agree to pay.
Speaker 5 (04:49):
Texts maybe ques talk SIB.
Speaker 2 (04:52):
Now what have we got here. We've got a bloke
who's an Australian living in New Zealand. I'm not sure
if he's an overstay or not.
Speaker 6 (05:01):
Going to move. For politics, and you don't like Tipati
Maori and the Greens and Labor tell you what, Look,
who just want the election.
Speaker 2 (05:08):
Over of an Australia.
Speaker 5 (05:10):
Yeah, yeah, I mean it's pretty feisty over there.
Speaker 6 (05:12):
Don't you think it's.
Speaker 1 (05:13):
Telling people in Australia are complaining about the same things.
Speaker 4 (05:15):
Here exactly, Wayne, you're an Aussie living in New Zealand.
Speaker 7 (05:20):
Yeah, don't tell too many people.
Speaker 6 (05:22):
You're a good man.
Speaker 4 (05:23):
You're not keeping a secret with your exit there, buddy.
Speaker 7 (05:27):
Oh oh what Yeah, I just wanted to say here
we moved here, well what ninety four, so thirty one
years ago, and you know we go back and so
on and so forth. You know, still got family over there.
But you know, most listening to a lot of your
callers there, they're saying that the grass isn't always greener,
and I've got to admit it's not. It's it's like,
(05:51):
you know, people don't people don't take into the equation,
like you know, just even simple things like registering your
car over there. You know, it's like fifteen hundred dollars
a year, you know, because you've got to have the
compulsory insurance. You know. People talk about the weather. You know,
at least I can have a barbecue on Saturday, and
(06:11):
I don't know, it's not going to rain. I mean
to me, that's not a good enough excuse people. You know,
people ask me all the time, you know, like oh,
oh hey, you know, like I want to I'm thinking
about going over to Australia. What do you think? You know,
they're my age, like sixty class or fifty class or whatever.
I say, don't do it. You know it's it's you're
going to find it too hard. But young ones, you know, yes,
(06:31):
they can go over there.
Speaker 2 (06:32):
I was a functioned last night. There were quite a
few Australians there, some of them now living in New
Zealand because of their jobs, and they all seem absolutely
stoked to be here. To be honest, one in particular
was only supposed to be here for two years. Has
now been here five years? Is that overstaying right? Ryan's
(06:55):
have been having a little look around to see how
everything's tracking, because when Trump came into power, it was
going to be the end of the world, not just
in America but everywhere. But has that end of the
world actually.
Speaker 6 (07:08):
Another Reserve Bank rate cut that was largely as expected
twenty five basis points. The rest of the press conference,
and much of the monetary policy statement that followed was
focused on the unpredictable global environment. We can't say this
because we don't know what Trump will do. We can't
be certain about that because Trump and the trade war, etc.
(07:29):
But at what point does unpredictability become predictable and therefore
not the great threat that we make it out to be. Yes,
Trump went nuts on Liberation Day, the sky fallon He
then calls a ceasefire in May. The markets have recouped
all of their losses since then. The endices are patchy,
but largely back to where they were. Trade talks are ongoing.
(07:51):
The IMF yesterday upgraded Britain's growth. US consumer confidence actually
increased last month for the first time in five China's
industrial growth for April was positive yesterday. Our agricultural experts
are doing the business abroad. Trump rants and raves on Twitter.
He unannounces stuff as quickly as he announces stuff. He's impulsive,
(08:15):
he's emotionally reactive, vindictive. He's a weather vein, the political
equivalent of Katie Perry. Because he's hot, then he's cold.
He's in, then he's out, he's up, then he's down.
He's wrong when it's right, he's black when it's white.
You get where I'm going with this. The point is
(08:37):
we know this about him. We know he's unpredictable, and
that makes his unpredictability predictable. I reckon we aren't taking
his threats as seriously as we were two months ago.
Not the US consumer, not Chinese industry, not US and
you know who else should stop paying him so much?
Damn attention?
Speaker 2 (08:58):
The Reserve Bank. Yeah, very good advice. In fact, I
have been suggesting that we just ignore Trump completely, not
in the entire country of America, the United States of America,
and the hope that he and it will go away.
I'm glad that that philosophy is finally taken hold news
(09:20):
talk z it been. Andrew Dickens was looking after the
Night Show last night and he's picked up on the
fact that they seem to be printing new ten cent coins.
You don't print coins, do you mint them? It's a
strange verb, isn't it.
Speaker 5 (09:37):
A ten cent coin with the image of King Charles
the third has today been approved for production by the
Reserve Bank of New Zealand. They've released photos of the
new coins so people can look at them for you
old people out there, they look like the two cent
coins because the ten cent coin these days are copper
copper colored, but of course when you were growing up,
(09:57):
they were silver colored, but that changed a while ago.
So it's got Charles's head on the back of the coin.
The Director of Money in Cash at the RBNZ, the
Reserve Bank of New Zealand, Ian Wolford, said New Zealanders
will see the new ten cent coins in their change
around twenty twenty seven. He said, we've got pre production
(10:19):
samples of the coin. We're checking them. We're approving them
before we start the full production run. So they haven't
started it yet. They haven't ordered that we could stop this.
They're checking the coins to quality, weight, size, security properties
and that they match the design we ordered. The coin
will be stamped with the year twenty twenty four because
(10:41):
that is when the Reserve Bank placed the order with
the Royal Canadian Mint. Why did they place the order
with the Canadians, Well, they have a mint. Do we
have a mint? Are you joking? Are you kidding me?
Do we have a mint? No, we don't, but the
Canadians do, so they make our coins. So we phone
(11:03):
them up and say oh, Queen's deead got to put
new head on the back of the coin. Here's the design.
Jimmy up some and we'll figure out if we can
order it. A year later, they go, here you go,
here's a ten cent coin with the Charles on the back,
not a Elizabeth. Do you want to go? So these
(11:26):
coins were ordered one year ago, in the middle of
the economic mess that the government inherited that caused our
time of austerity where we cut all government spending. Ask
a construction agency. So surely a year ago when this
(11:47):
was sent away, somebody somewhere must have thought, is this
worth it?
Speaker 2 (11:52):
Well, you know what I'm hearing. I'm hearing money heist. Wait,
how did the coins get from Canada back here? And
presumably there will just be millions and millions and millions
of dollars of them. You can find out where that
shipment is. Hi jacket will literally be in the money.
We'll be able to swim around and rooms full of
(12:15):
ten cent coins like Scrooge McCAT Well, please, I hope
you're not one of those people who's alleged for silver.
They're not really silver, though, are they have they have they?
Speaker 1 (12:31):
No?
Speaker 2 (12:33):
I can't even remember the last time I saw one.
To be honest, I am Glen. Maybe it's because we've
still been waiting for them to come again. I am
Glenn Hart. I'll be back here on Monday with a
weekend edition of News Talks. They've Been podcast. You've just
been listening to.
Speaker 1 (12:50):
Us Talk Talks it bean for more from news Talk
said b. Listen live on air or online, and keep
our shows with you wherever you go with our podcast
on iHeartRadio.
You're listening to a podcast from news Talk said B.
Follow this and our wide range of podcasts now on
iHeartRadio Used Talk said B Talk.
Speaker 2 (00:23):
Hello, my beautiful beanies, and welcome to the bean for Friday.
First with yesterday's news, I am Glen Hart, and we
are looking back at Thursday. Have we all just started
to ignore Trump to try and get things back to normal?
And the air quotes. We'll get into that shortly. There
is new ten cent coins coming for some reason. Andrew
(00:47):
is a bit confused by this. But first up, sometimes
I find out about the news by doing this podcast.
This story sort of passed me. By making changes to
the children. What happens with the children of overstayers? That
is a bit complicated at the moment.
Speaker 3 (01:04):
The only option is to go to the Minister of
Immigration and plead individual cases, which is time consuming and
lengthy and costly and takes up a lot of bureaucrats time.
So what do we do with these eighteen and nineteen
(01:26):
year olds? An immigration lawyer quoted in this stuff story
wants a repeal of the two thousand and six law
change which removed the right the birthright citizenship, or he
suggests we do what the Aussies and the Brits do,
and that is grant citizenship if you're born here and
(01:47):
have lived here for ten years or more. Surely that
seems the most humane way of dealing with these young adults.
They're here, they've been here all their lives. They likely
have siblings who have New Zealand citizenship, those siblings working
(02:09):
or at university. Should the same rights be granted to
those kids who threw no fault of their own, were
born in this country, and now find themselves in effect stateless,
without a country, without a place to call home, despite
the fact that New Zealand is the only home they've known.
(02:30):
I would do what the Aussies and the Brits do.
If you have been born here, if you have lived
here for ten years or more, you're.
Speaker 2 (02:40):
A ki we Yeah, this is one of those weird
things that's a people wanting to replicate what's happening in
the United States where people are being deported to countries
that they've never even been to. So I an ideaal scenario.
Speaker 1 (02:53):
To me, News talk ze been you know, warm.
Speaker 4 (02:59):
Heart or cold heart on this, I mean, set aside
even the bleeding heart stuff that is that is relevant
but set that aside, just from a purely economic perspective,
we should be helping them stay here, shouldn't we, Because
I mean, we've invested huge amounts of money into these kids.
We've educated them, sometimes all the way up to the
age of eighteen. We've given them free healthcare, We've given
them whatever free stuff we do for kids in this country.
(03:20):
So surely it only makes sense to let them stay here,
let them work here, let them pay their taxes and
essentially pay the country back. But also, we can't afford
to kick these young workers out. I mean, what have
we been talking about on this show for nearly a
week now. We've been talking about the rising cost of superannuation.
It's completely unaffordable. Apparently we used to have seven workers
supporting everyone pension and now we only have two and
(03:42):
a half workers. We can't carry on like that. If
we accept that to be true, and it is, then
we cannot afford to lose these young workers. We need
every single decent one that we can keep here. Now,
decent is an important distinction. I mean, obviously we don't
want to keep the rascals because they'll just be a
net cost to New Zealand. So here's a very simple test, right,
if the kid and their parents haven't fallen foul of
(04:04):
the law in a significant way, you know, small infringements
like traffic finds aside and so on. If they've largely
been good, tax paying, law abiding people, then keep them.
Because think about it as like this as well. At
some point most of those parents, if not all of them,
will have been given a visa, so they'll have been
wanted by this country. They will have passed some sort
of a test. They've just overstayed. So I think give
(04:26):
them an amnesty, both the kids and their parents, because surely,
purely based on economics, we have invested too much into
them to give a potentially good taxpayer to another country
just out of spite.
Speaker 2 (04:37):
Yeah, I guess. I mean, can we make that argument
for anybody like that just overstayers generally that we should
let them be here as long as they agree to pay.
Speaker 5 (04:49):
Texts maybe ques talk SIB.
Speaker 2 (04:52):
Now what have we got here. We've got a bloke
who's an Australian living in New Zealand. I'm not sure
if he's an overstay or not.
Speaker 6 (05:01):
Going to move. For politics, and you don't like Tipati
Maori and the Greens and Labor tell you what, Look,
who just want the election.
Speaker 2 (05:08):
Over of an Australia.
Speaker 5 (05:10):
Yeah, yeah, I mean it's pretty feisty over there.
Speaker 6 (05:12):
Don't you think it's.
Speaker 1 (05:13):
Telling people in Australia are complaining about the same things.
Speaker 4 (05:15):
Here exactly, Wayne, you're an Aussie living in New Zealand.
Speaker 7 (05:20):
Yeah, don't tell too many people.
Speaker 6 (05:22):
You're a good man.
Speaker 4 (05:23):
You're not keeping a secret with your exit there, buddy.
Speaker 7 (05:27):
Oh oh what Yeah, I just wanted to say here
we moved here, well what ninety four, so thirty one
years ago, and you know we go back and so
on and so forth. You know, still got family over there.
But you know, most listening to a lot of your
callers there, they're saying that the grass isn't always greener,
and I've got to admit it's not. It's it's like,
(05:51):
you know, people don't people don't take into the equation,
like you know, just even simple things like registering your
car over there. You know, it's like fifteen hundred dollars
a year, you know, because you've got to have the
compulsory insurance. You know. People talk about the weather. You know,
at least I can have a barbecue on Saturday, and
(06:11):
I don't know, it's not going to rain. I mean
to me, that's not a good enough excuse people. You know,
people ask me all the time, you know, like oh,
oh hey, you know, like I want to I'm thinking
about going over to Australia. What do you think? You know,
they're my age, like sixty class or fifty class or whatever.
I say, don't do it. You know it's it's you're
going to find it too hard. But young ones, you know, yes,
(06:31):
they can go over there.
Speaker 2 (06:32):
I was a functioned last night. There were quite a
few Australians there, some of them now living in New
Zealand because of their jobs, and they all seem absolutely
stoked to be here. To be honest, one in particular
was only supposed to be here for two years. Has
now been here five years? Is that overstaying right? Ryan's
(06:55):
have been having a little look around to see how
everything's tracking, because when Trump came into power, it was
going to be the end of the world, not just
in America but everywhere. But has that end of the
world actually.
Speaker 6 (07:08):
Another Reserve Bank rate cut that was largely as expected
twenty five basis points. The rest of the press conference,
and much of the monetary policy statement that followed was
focused on the unpredictable global environment. We can't say this
because we don't know what Trump will do. We can't
be certain about that because Trump and the trade war, etc.
(07:29):
But at what point does unpredictability become predictable and therefore
not the great threat that we make it out to be. Yes,
Trump went nuts on Liberation Day, the sky fallon He
then calls a ceasefire in May. The markets have recouped
all of their losses since then. The endices are patchy,
but largely back to where they were. Trade talks are ongoing.
(07:51):
The IMF yesterday upgraded Britain's growth. US consumer confidence actually
increased last month for the first time in five China's
industrial growth for April was positive yesterday. Our agricultural experts
are doing the business abroad. Trump rants and raves on Twitter.
He unannounces stuff as quickly as he announces stuff. He's impulsive,
(08:15):
he's emotionally reactive, vindictive. He's a weather vein, the political
equivalent of Katie Perry. Because he's hot, then he's cold.
He's in, then he's out, he's up, then he's down.
He's wrong when it's right, he's black when it's white.
You get where I'm going with this. The point is
(08:37):
we know this about him. We know he's unpredictable, and
that makes his unpredictability predictable. I reckon we aren't taking
his threats as seriously as we were two months ago.
Not the US consumer, not Chinese industry, not US and
you know who else should stop paying him so much?
Damn attention?
Speaker 2 (08:58):
The Reserve Bank. Yeah, very good advice. In fact, I
have been suggesting that we just ignore Trump completely, not
in the entire country of America, the United States of America,
and the hope that he and it will go away.
I'm glad that that philosophy is finally taken hold news
(09:20):
talk z it been. Andrew Dickens was looking after the
Night Show last night and he's picked up on the
fact that they seem to be printing new ten cent coins.
You don't print coins, do you mint them? It's a
strange verb, isn't it.
Speaker 5 (09:37):
A ten cent coin with the image of King Charles
the third has today been approved for production by the
Reserve Bank of New Zealand. They've released photos of the
new coins so people can look at them for you
old people out there, they look like the two cent
coins because the ten cent coin these days are copper
copper colored, but of course when you were growing up,
(09:57):
they were silver colored, but that changed a while ago.
So it's got Charles's head on the back of the coin.
The Director of Money in Cash at the RBNZ, the
Reserve Bank of New Zealand, Ian Wolford, said New Zealanders
will see the new ten cent coins in their change
around twenty twenty seven. He said, we've got pre production
(10:19):
samples of the coin. We're checking them. We're approving them
before we start the full production run. So they haven't
started it yet. They haven't ordered that we could stop this.
They're checking the coins to quality, weight, size, security properties
and that they match the design we ordered. The coin
will be stamped with the year twenty twenty four because
(10:41):
that is when the Reserve Bank placed the order with
the Royal Canadian Mint. Why did they place the order
with the Canadians, Well, they have a mint. Do we
have a mint? Are you joking? Are you kidding me?
Do we have a mint? No, we don't, but the
Canadians do, so they make our coins. So we phone
(11:03):
them up and say oh, Queen's deead got to put
new head on the back of the coin. Here's the design.
Jimmy up some and we'll figure out if we can
order it. A year later, they go, here you go,
here's a ten cent coin with the Charles on the back,
not a Elizabeth. Do you want to go? So these
(11:26):
coins were ordered one year ago, in the middle of
the economic mess that the government inherited that caused our
time of austerity where we cut all government spending. Ask
a construction agency. So surely a year ago when this
(11:47):
was sent away, somebody somewhere must have thought, is this
worth it?
Speaker 2 (11:52):
Well, you know what I'm hearing. I'm hearing money heist. Wait,
how did the coins get from Canada back here? And
presumably there will just be millions and millions and millions
of dollars of them. You can find out where that
shipment is. Hi jacket will literally be in the money.
We'll be able to swim around and rooms full of
(12:15):
ten cent coins like Scrooge McCAT Well, please, I hope
you're not one of those people who's alleged for silver.
They're not really silver, though, are they have they have they?
Speaker 1 (12:31):
No?
Speaker 2 (12:33):
I can't even remember the last time I saw one.
To be honest, I am Glen. Maybe it's because we've
still been waiting for them to come again. I am
Glenn Hart. I'll be back here on Monday with a
weekend edition of News Talks. They've Been podcast. You've just
been listening to.
Speaker 1 (12:50):
Us Talk Talks it bean for more from news Talk
said b. Listen live on air or online, and keep
our shows with you wherever you go with our podcast
on iHeartRadio.
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