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August 4, 2024 11 mins

THE BEST BITS IN A SILLIER PACKAGE (from Monday's Mike Hosking Breakfast) A Little Help Here Please/How to Fill Hole/Auckland Is a Terrible Place/California is a Terrible Place/A 7 is Alright

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Speaker 1 (00:09):
You're listening to a podcast from News Talks EDB. Follow
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Speaker 2 (00:25):
Rewrap There and welcome.

Speaker 3 (00:26):
To the Rewrap for Monday, all the best bits from
the my classing breakfast on News Talks EDB and a
Sillier package.

Speaker 2 (00:32):
I am Glenn Hart and today how to fill a
fiscal hole. We've got some different approaches.

Speaker 3 (00:39):
We've got business closes, closures closing.

Speaker 2 (00:42):
More in Auckland. We'll try and drill down on that.

Speaker 3 (00:46):
Speaking of businesses closing or leaving, car manufacturers are leaving
California and droves and then we'll rank our current cabinet
for you. But before any of that, what's wrong with Northland?
How come we're so mean to it?

Speaker 4 (01:00):
The transpower mess seems remarkable on so many levels. I'm
thinking to myself over the weekend. One, they needed so
much time to do reports that state the bleeding obvious. Two,
the fact that it ever happened to fires belief. Three,
the fact we don't have sackings or resignations seems unbelievable.
And four Northland is waiting for someone to do something
that looks a little bit apologetic and respectful. Adding to
this is the fact it's Northland. Northland must be the

(01:23):
most abysmally treated region in the country. For a place
so beautiful, it's always been serviced appallingly, you know, in
terms of tourism potential, the lifeline, whether for visitors or business,
the roads which are a modern day joke. As I
mentioned a moment ago, the bran Duwin's is laughable. I mean,
if it wasn't so embarrassing and serious the transpowerder barkle
in a sense, I suppose if you look at it's

(01:43):
just bad luck. I mean, the level of stupidity that
led to it could of course have happened anywhere. But
that's the thing about luck, isn't it. If anyone was
due to more bad luck, it was good old Northland.
Now I get the bit where compensation can be a
little bit tricky. You don't want to start flinging numbers
around too quickly because you run the risk of having
it get all out of control. But I assume we
are heading. I assume we are heading towards some proper compensation.

(02:06):
I assume those badly affected will be able to get
reasonable amounts to properly make sure they lose nothing. I
note Hawaii, by the way, this week, one year on
from those fires, we've got a four billion dollar deal. Now,
not that Transpower was a fire, nor was there any death,
but the point is a year seems a good amount
of time, a good time frame for something big to
be sorted. Back here, we've got talk of businesses closing

(02:28):
up and moving on. I personally would be arguing for
some sort of punitive damages. You just can't have this
level of an aptitude allowed to pass without those responsible
being made to pay. So who is in charge, what's
the timeframe? How much good will is there? How long
will this take? Where are the answers?

Speaker 2 (02:47):
Yeah?

Speaker 3 (02:47):
I reckon we should make more people live in Northland,
you know, like more politicians live there, and then things
are probably happen faster.

Speaker 2 (02:59):
It's an idea.

Speaker 1 (03:00):
It's a rewrap right.

Speaker 3 (03:02):
Fiscal holes everywhere here in the UK, different ways to
fill them, though some people even worried about fellas.

Speaker 4 (03:09):
Rachel Reeves, who is the new British Chancellor, has found
she claims twenty two billion by way of a fiscal
black hole. As a result, she says they need to
put the taxes up. Nikola willis new Zealand Finance minister
found similar issues. They were called here fiscal cliffs. She
put the taxes down and that is the difference and
attitude to the same problem across the Tasman. Currently there

(03:30):
as a debate over university fees. Debt till death is
the dramatic moniker they have attached to that particular problem.
The problem is they see it being an arts degree
has cracked the fifty thousand dollar mark fiftou as and
three years at about seventeen thousand ish per year, hence
the fifty thousand in total. We of course charged similar
amounts for education, and we too have had the costs

(03:51):
of university debate, the debt debate, but we seem to
have settled, even if not happily, on the fact that
debt is not the end of the world, and the
bulk ie about seventy five percent of the true cost
of a degree is subsidized by the taxpayer. The debt
till death tag is of course emotional blackmail because it
isn't real incur that level of debt. Say the age
of twenty one, and you work for the next forty

(04:11):
five years and you don't pay that debt off more
full you. As I've explained to our kids a number
of times, the figures at the age of nineteen, twenty
and twenty one that seem massive with age, experience and
time will end up being normalized. A university you've earned
what pocker money, maybe some weekend or holiday pay. You
have not worked in the real world. Gotten pay rise
has got promotions, climb the career ladder. Others, of course,

(04:33):
leave university with debts a lot larger than that. But
here's your danger. If you peddle the negative, if you
scare kids, then guess what the outcome is going to be.
If nothing else, the specter of university debt may well
sharpen the mind around choice, as we've discovered with that
mad fees free nuttiness under labor, it achieves nothing when
someone else pays the bill. You attach no value to it.

(04:53):
A lot of life is how you see it is
university debt, debt or death or an investment in skills.
An opportunity is twenty two billion, a reason to raid
pockets or tidy the place up with some savings and
physical discipline. You see, Attitude is the difference between a
problem or a solution.

Speaker 3 (05:10):
I've always tried to do my best to just only
spend money that I've got and not money that I
might have in the future.

Speaker 2 (05:19):
Call me old fashioned, a ReRAM.

Speaker 3 (05:21):
I think that's why I could never succeed in business.
I'm just too risk averse. I'm not sure if that's
what's going on in Auckland.

Speaker 4 (05:28):
Though Auckland seems to be signaled out at the moment
for some difficult economic times. I note with the Centrix
figures that came out on Friday, they're closing businesses in
Auckland at a greater rate than anywhere else in the country,
three hundred and eighty three in the second quarter. I'll
come to because you'll say, well, there's more businesses in Auckland,
but three eighty three in the second quarter fifty six
and Wellington one hundred and eighteen, and the rest of

(05:49):
the North Island sixty one in Canterbury. So that equates
in Auckland to one point eight businesses per one thousand businesses.
So out of every thousand and one point eight of closing,
which in a number is not the end of the world.
I mean, no one likes to see any business clothes,
but one point eight out of A thousand doesn't seem
the end of the world to me. It's only one
in Wellington. You think Wellington's got difficulty one thousand business
almost twice that in Auckland. So Auckland does seem to

(06:11):
be suffering more than the rest of the country.

Speaker 3 (06:14):
It's not just that it's a terrible, terrible place, always
has been. And why would you ever want to do
anything there if you could possibly do it somewhere else.

Speaker 2 (06:24):
I'm just asking, just asking.

Speaker 3 (06:26):
The rewrap Now, speaking of places where you want to
do business and where you don't, it turns out it's
getting harder and harder to make any kind of car
in California.

Speaker 4 (06:35):
Speaking of the states, in California's specifically, Chevron is the
latest company to move out of California. First time Chevron's
going to be headquartered outside of California since it's founding
more than a century ago. Why because they're crazy in
California San Ramnas, where they're based. I've got a couple
of thousand people. There growing number of companies that are
leaving California. The refusal, the inability to abide by regulatory rules,

(06:56):
operating costs, taxes, all that sort of stuff. Elon Musk
is busy moving SpaceX and X into Texas. A lot
of people moving to Texas. You're basically on the East coast,
you're moving from places like New York down to Florida,
or if you on the West coast, you're moving into
places like Texas. Newsom signed this is what god Elon
Upset new Some signed. As in Gabon, it will prohibit

(07:16):
school districts from requiring teachers to inform parents of a
child wants to be identified as a different gender. So
that's the sort of thinking that drives business in California,
and a lot of people like Elon and k say,
you know what, don't worry about it, We'll move and
go to somewhere slightly more normal. And Chevron is the
latest company doing that.

Speaker 2 (07:33):
It's kind of oronic, isn't it a sort of Certainly?

Speaker 3 (07:37):
Los Angeles was has always been renowned as a car
kind of a city that you know, they haven't got
proper alternative means of public transport. They don't have a
subway system of any note it takes forever to get
any but then you know it takes over to guinning

(07:58):
with traffic jams. You know its synonymous with So it's
all about cars, except now apparently it really isn't the
rewrap right, that's mark the cabinet, shall we We'll just
talk into it.

Speaker 2 (08:12):
Mike's got all the details.

Speaker 4 (08:14):
Audrey Young, I do enjoy her work when she goes
and rates these it's a fun old thing and there's
not enough fun in the media anymore. But she does
this ranking of ministers and what stood out to me
if you haven't read the piece getting to the Herald
and have a read it, but it came out Friday
at Saturday something like that. So she's gone through all
of the ministers and basically given them a score out
of ten and given a brief summation as to what

(08:35):
the problem may or may not be. What was immediately
apparent is and she's a very experienced operator, of course.
What was immediately apparent is how many high scores she's
handed out to this government, which indicates to me it's encouraging.
In other words, lots more people actually know what they're doing,
as opposed to if you go back and look at

(08:56):
what she scored the previous government on, barely any of
them registered any great score at all. I don't think
there was a single nine. I might be wrong, but
certainly there are a lot of sixes and sevens, and
in our world sixes and seven's just aren't acceptable. We're
up to we're a nine or ten, maybe an eight
on a good day. So Luxon gets an eight, Peters
gets an eight. Nikola Willis gets an eight. Slightly surprised

(09:18):
about that. I would have given her probably an eight.
Issue heading towards a nine. Bishop of nine. See, you've
got good confident people. Simming in Brown nine. He's working
on transport and roads. Erica Stanford been on the program
this morning. Nine. Shane Ritty gets a seven, which I
think partially is potentially a little bit unfair. But nevertheless,
let's not go back and forward on it. But Goldsmith eight,

(09:39):
Colin seven, Mitchell seven. Now, I'm gonna raise that with
Mark on Wednesday. I'm gonna raise that. Now. Now, what
does she say about Mark began the term with a
public arm wrestle with the police commissioner, which was always
going to end in a draw. Well, I'm not sure
him leaving is a drawer. I call that a victory.
He's had a couple of hiccups, raising doubts about meeting
pledged extra cops and running abysmal press conference when delivering

(10:01):
a big boost to the corrections part. That's true, he
did have a bad press conference, A fair point on
she gets that one, but plays an important role as
national's tub thumb on law and order. So see that
to me deserves more than the seven.

Speaker 2 (10:11):
But I see, I reckon he's gonna be happy.

Speaker 4 (10:13):
You'll be happy with that.

Speaker 2 (10:15):
No, I just think he's the kind of guy.

Speaker 4 (10:17):
Yeah, you're happy with the seven, Like all.

Speaker 2 (10:19):
Those cases are a bit we're all happy with the seven.

Speaker 4 (10:21):
I like us so who's struggling. Penny Simmons, she gets
a four, and I think that's probably fair. Bailey's on eight,
Seymour's on eight, Brooklyn Belden's a seven, Nicole m Keys
of seven, so I would have raided her a little
bit higher. Chore In eight deserves it. Joanes seven a
little bit harsh. Maybe I think he's been a big
advocate for what he's arguing for, and Casey Costello five

(10:43):
is probably fair enough.

Speaker 3 (10:44):
So all in all, what don't you think Jones gets
good Marx for like achieving all sorts of staff, bad
Marx for destroying the environment.

Speaker 2 (10:51):
Single handedly is.

Speaker 4 (10:52):
That what it is? Okay? Maybe I don't know, okay,
but anyway, the upshot is you've got a better according
to Audrey, you've got a better quality government than you
did previously. And then that I think that's what.

Speaker 2 (11:03):
Did Hey what did Melissa Lee get? Four?

Speaker 3 (11:07):
Yeah?

Speaker 4 (11:07):
Bit of a fail, bit of a nippick failed, but
they sector I mean she got a four for being sacked.
I mean that's what I need to say. Melicaly sacked four?
In fact, four is probably bit high.

Speaker 3 (11:15):
Actually it turns out that she got three, which is
why I knew that already. But yees, Seven's okay. Like
I say, up on the High Business Coast, we're happy
with a seven. I can't go wrong with a seven.
Always room for improvement. You don't want to get a ten.
Nowhere to go, I am going to go. Yeah, but

(11:36):
I will see you back here again tomorrow. Who knows,
maybe tomorrow's podcast will even be an eight.

Speaker 1 (11:49):
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