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June 12, 2024 13 mins

THE BEST BITS IN A SILLIER PACKAGE (from Thursday's Mike Hosking Breakfast) Nicola's Coming for You/Remember Tourism? Anyone?/Brain Drain Myths Busted/Feeling Complicated About Spacey

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Speaker 1 (00:09):
You're listening to a podcast from News Talks. I'd be
follow this and our wide range of podcasts now on iHeartRadio, Rerap.

Speaker 2 (00:25):
Okay there and welcome to the rewrap for Thursday. All
the best buts from the Mike Hosking Breakfast on News Talks.
It'd be in a sillier package. I am Glen Heart today.
Why aren't we hearing more about how badly tourism's going?
Weird question that Mike's going to ask it shortly, the
brain drain. It's also hard to explain, explain the brain drain.

(00:50):
That's what Mike's going to I don't think he's going
to do that actually, And then the Kevin Spacey versus
Piers Morgan interview complicated feelings around that as well. But
first up, there's going to be a banking inquiry. Look out, banks,
Nikola Willis is coming for you.

Speaker 3 (01:08):
Always coming because it's part of the coalition deal, of course,
but the Willis letter to a couple of select committees
sets up of all the inquiries and market studies, we've
had probably the most interesting investigation yet banks and whether
we are getting a decent deal. Is their enough competition?
The rural community is screaming at the moment over their behavior.
This seems a very fair weather social license issued. There

(01:30):
are the reserve bank and commercial banks are at each other.
Observers of the retail operators look on with interest that
the margins charged here versus the margins charged in Australia,
remembering of course they're the same banks. So a lot
to look into. Like all the other market studies, though,
whether petrol or supermarkets or building supplies, looking into stuff
as one thing, working out what to do is another
thing entirely. What if it's found the Reserve Bank really

(01:50):
is a problem. They're independent of the government. What does
the government do quwibank is supposed to be a disruptor,
they're not. How do you do anything about that? If
a farm has not helped in a way they might
have wanted, and the committee finds banks withdrawing from the
rural sector, what actually do you do about that? On
the flip side, banks are successful and we like and
want that. The stability of banks is critical to an economy,

(02:12):
and in that we've been fortunate. How much has government
policy through COVID messed with banks and lending in the economy.
We get into the DTIs the oldrs, the treatment of investors,
the flow and effect into housing and rentals and first
home buyers, and access to money. This in some way
or another, when you think about it, actually touches each
and every single one of us. As always with big business,
people will go into a you know this with a

(02:33):
preconceived notion banks of thieves or bullies or ripoff merchants.
The reserve bank is overbearing. But given we seem rightly
or wrongly to be obsessed with inquiries, here goes another one.
The trick is not to have it end up like
the others where next to nothing happens.

Speaker 2 (02:50):
If we can just make it so we can just
pay a wave everywhere all the time and nobody gets
charged the extra for something which should be less, then
that would be great.

Speaker 3 (02:58):
So we wrap.

Speaker 2 (02:59):
I'm sure it would be helpful for tourists as well
if fake of payWave too. Have we actually got any
tourists though?

Speaker 1 (03:05):
Anyone?

Speaker 2 (03:06):
Does? Anyone know? So?

Speaker 3 (03:07):
Not just these immigrant numbers yesterday, but tourism numbers as well.
Have a look at the number of articles too about
the place at the moment on Europe. The articles that
talk about the crush, the cost, the record breaking numbers
Europe and summer has become a real thing in the
last couple of years for New Zealanders. The numbers going
to Europe this year is up five percent on last year,
and last year was a record anywhere in the cost
of living crisis. For God's sake, there's no bargain fairs

(03:28):
for travel. Then, after coming back the cost of hotels
in Europe. In July's ruiners, we're told the average time
away is thirty one days a whole month. Contrast that
to the latest status for a rivals here in tourists
we're at seventy three percent of pre COVID pre COVID
seventy three percent, remembering pre COVID twenty nineteen, five years ago.

(03:49):
We haven't recovered from five years ago. In fact, we
show increasingly little sign of actually doing so. And yet
here's the real worry. No one seems to care. See,
we had the minister on the programme last time I
raised this number of weeks ago. He used the fatal
line when I asked him whether he was worried or no.
The industry tells me we're tracking well. And that's the
problem with some ministers. If you're not a nurse than
the subject. Any amount of bs can come across your

(04:10):
desk in and none the wiser. The industry has recently
launched what they call a new initiative that involves trying
to get people here year round. One that's not new,
We've tried it before. Transseasonal tourism is not a new thing.
And two it still doesn't address what I would call
the alarming lack of bounce back. As Europe is jammed
over jammed if you ask those in places like Mi
Yorka and Venice. We're still waiting to get back to

(04:32):
where we once were five years ago. Capacities back for
the plane seats no longer an excuse, So what is
our excuse? Eh? Why are we not concerned? What happened
to the magic of New Zealand? See the dollars fantastic
one of the few upsides of having a hopeless currency.
It's cheap to be here. Not only aren't the numbers
any good or getting a lot better? No one seems
to be alarmed about it. My question is why not?

Speaker 2 (04:54):
Well, personally, it's because I did the able Tasman a
couple of years ago and there was nobody else there
We walked eighteen k's I think, one day, and we
saw one person coming up direction the whole time. It
was fantastic. Okay, I know it's not good for the economy,

(05:14):
but man, it's great for us rerap Okay, speaking of
the economy sort of, all these people heading overseas, why
are they?

Speaker 3 (05:25):
Mike? I wonder if more and more people are leaving
New Zealand. This is immigration now as they're just over
the Yanks. The protests, the activations, the general negativity. Easy
to blame the government or money, but I don't believe
it's that anymore interesting you say that my son's company,
Mike sent them to Australia for an IT project. He's
been working there for several months. He commented, others in
his age had their own house, while he can't afford

(05:45):
one in New Zealand. See, I know that to be
not true. Based on facts. The cost of a house
in Melbourne and the cost of a house in Sydney
is higher than a cost of house in anyone you
want to pick in New Zealand. In terms of metropolitan centers,
I know that rent in those particular parts of the
world are more expensive. Yes, and I will get to
this the hay salary thing out yesterday. Yes, in general

(06:07):
you can earn more in Australia if you go there,
but not much. I was surprised in looking at the
stats yesterday how little the difference is. And it doesn't
strike me as a big enough difference to be able
to afford the rent or be able to afford the mortgage.
So that's what I would call grandmother in all research.
But nevertheless, I think it's just the vibe. I think
if you want to get out and you're sick of

(06:27):
something and you want to go, you'll justify it to yourself.
And a lot of the decisions are made like that.

Speaker 2 (06:32):
And also there becomes a tipping point where afore your
mates have gone and you're stuck here with no mates,
so then you have to go as well, because sometimes
I think that happens too re Wrap but it Mike
wasn't done with his brain drain mythfasting. In fact, he
gave it both barrels a little bit later.

Speaker 3 (06:50):
On Mike, check out Brisbane. The house price is sixty
seven hundred thousand dollars for three to four beds in
the section. Well, you're right and you're wrong I'm sure
you can find a house in Brisbane for sixty to
seven hundred thousand. But the average house price in Brisbane
is nine hundred thousand dollars in rising and rising sharply.
In Sydney it's one point six, and Meldon it's one
point four. You see my point. So you're ruining a
little bit more. Let me just do the Hayes thing
for you now, just real quick. I don't want to

(07:10):
bog you down in numbers, but the average salary in
australia's nineteen hundred and fifty three dollars a week versus
sixteen hundred year, So it's three hundred dollars a week
more in Australia. Would you be materially better off? Depend
on what you're ruining. Depend on the tax rate. Their
top tax rate is higher than ours, for example, forty
five cents versus thirty nine. If you're an accounting and
finance if you're a financial controller, turnover of one hundred

(07:34):
million dollars the business that is not you in Auckland,
you get one hundred and fifty five thousand dollars in
christ due to one hundred and forty thousand dollars in
Sidney a hundred and sixty five, one hundred and fifty
five vers One hundred and sixty five to ten grand
a year. Is that worth it?

Speaker 1 (07:45):
Not?

Speaker 3 (07:45):
Really? You're a commercial analyst in Auckland won thirty Sydney
one thirty. There's no difference. Architecture graduate architect eighty five
thousand in Auckland, seventy five in Sydney. You go backwards.
Senior architect one thirty in Sydney, one twenty five in Aukland.
You see what I'm saying there. There's not a real difference,
but a difference in construction civil construction four person, one

(08:05):
forty in Sydney versus eighty five in Auckland. That's material.
If you're an engineer, civil designer, engineer one twenty in Auckland,
one twelve in Sydney, you've gone backwards. An executive commercial
firm turnover fifty million, three hundred here, three fifty in Australia,
human resources company with more than one thousand people two
fifty in New Zealand, two ninety in Australia, that's a

(08:25):
difference forty grand. Is it worth moving just for that?
Wouldn't I thought so? Marketing event Manager one twenty in Sydney,
ninety in New Zealand. That's a bit different. Policy and
strategy of Policy Advisory eighty two in Wellington, eighty in Canberra.
Two thousand dollars difference to move to Canberra, No thank you.
Tech Business Analysts and Projects and Change Management one forty

(08:46):
in Sydney, one ten in Orkland. That's a little bit.
Do you see They're not dramatically different this whole business.
I'm earning three times what I did in New Zealand.
It's simply isn't true. And you've got a deal in
the facts.

Speaker 2 (08:57):
And the other one that he always misses out and
most people always miss out, is that there's Australia is
full of Australians as well, could be surrounded by them.
It's almost as bad as Balley. Actually, I'm going on
holiday to Bali this weekend. Just realized the downfall of
that idea the re wrap, so yesterday as part of

(09:20):
our Trending Now the segment, we played a bit of
Peers Morgan versus Kevin Spacey. He's lost his house because
he owes the lawyers so much money, even though he's
never actually been found guilty of anything. And Mike wanted
another word about that today.

Speaker 3 (09:37):
Briefly to Kevin Spacey, well worth watching if you followed
the Spacy story and the Peers Morgan interview, which is
on YouTube easily accessible for everybody. Anyway, the point of
it is hour and a half long. You come away
irrefutably with the conclusion that Kevin Spacey has been stitched up.
What my suspicion going in was showing to be correct.

(09:58):
He at his height was clearly arrogant. He did things,
said things, behaved in ways that you would find unacceptable
or upset he or creepy. And he was one of
those blokes in the theater. And it comes across a
little bit in the interview. I mean, the interviews are
very good interview, but there are moments where you think

(10:18):
how much of this is real, how much this is
acting on his part. He's a very theatrical sort of personality,
which is not to criticize him as just a year
is who he is. Anyway. The upshot is this The
initial allegations were criminal, though he was found not guilty.
There was some civil action in court he was found
not guilty. There was a couple of nutbars who went
after him, and it became a pile on. And this
is the great sadness of this whole thing, And he

(10:39):
was a victim of the whole cancel culture still is canceled,
and he's been found guilty of nothing. Nothing. The alleged
headline out of yesterday was he was a bit handsy.
He said that before this wasn't new. He did things
with people that were overt and flirty and for some

(11:02):
too much. But when it got tested in court, there
was nothing there. There was one person, for example, who
was said actually something years old, had cancer and accused
him of sexual assault, and he died before it ever
came to court. He could prove he wasn't even there.
He wasn't even in the state when allegedly the event came.
There was another woman who was a stalker, had sent
white powder to the Old VIC. They had evacuated the
Old VIC because of this nutter. She was stuck in jail.

(11:23):
She came out of jail started making accusations. They were
working out whether she could go back to jail again.
When she started making the accusations that she had been
sexually assaulted, it came to nothing. It became a pile
on and he was asked, quite rightly, how is it possible,
given that nothing actually has come out of this other
than rumor, innuendo and perhaps some behavior that you later regret,

(11:44):
how is it he still canceled and he said, not en.
I've adults in the room, and I thought there was
a very good way of putting it. In other words,
the world is full of people who live in fear,
and so as many and he said, Prince Charles as
he was then, gave him some support. Elton John, David
Furnish gave him some support, have been supportive ever since.
Sharon Stone has given him support. And that's where it

(12:05):
became quite emotional, because he became very upset because the
very haig for these people to give support publicly to
a person who had been canceled, and what happens. There
was a Channel four documentary that went out in Britain
the other night that was basically a stitch up, and
they played bits of it and they had the allegations.
They talked to the allegations. He proved why the allegations
weren't true. And so it is, as I say, just

(12:27):
a pyle and so you come out as I think
the tide has turned, or it hasn't turned, its turning.
You come out with some real sympathy because this guy's
life's over, it's finished. He's got not a cent, he
has no work, his house was being foreclosed on yesterday
in Baltimore. He's been wrecked by this, and yet there
is not a single court anywhere in the world that

(12:48):
has found him guilty of anything.

Speaker 2 (12:50):
So it's well worth the watch, and it does bring
you back, doesn't it, to the same old debate can
you separate the artists from the art Because you look
back at some of Kevin's face He's performances over the years,
and he was, indeed, and I guess still is one
of the best. So yeah, you've got a bit of

(13:13):
Michael Jackson syndrome all tied up with us, haven't you.
Oh well, I don't have any answers. Sometimes I can't
even think of a question, and that's usually the best
time to end the podcast. And I'll start it up
again tomorrow.

Speaker 1 (13:28):
I'll see you there for more from News Talk sat B.
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