August 12, 2024 • 11 mins
THE BEST BITS IN A SILLIER PACKAGE (from Tuesday's Mike Hosking Breakfast) Power's Complicated, Isn't It?/Good Idea. Bad Name/Let's Just Ignore Orr/Politics Is Pretty Weird/Hosk's Sink Hole
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:09):
You're listening to a podcast from News Talk SIB follow
this and our wide range of podcasts now on iHeartRadio. Rewrap.
Speaker 2 (00:26):
Okay, there and welcome to the rewrap for Tuesday. All
the best, But it's from the mic asking Breakfast on
newsbalks edb in a sillier package. I am Glenhart today.
What does lwd W stand for? What does ocr stand for?
Why is Mike so worried about the state of politics
in this country at the moment? And also why is
(00:46):
he worried about sinks? But before any of that power, Yes,
that's tough of mind for a lot of us at
the moment. Is there going to be any when we
need it? So?
Speaker 3 (00:57):
What to make of the so called power crisis? Right,
Mike Fus about this time yesterday on the program Contact
Energy gave an eloquent defense of the power industry. Said, Look,
it works fine. Yes, we're in a period of transition.
The investment is being made. It will work out well
in the end. Now tell that to the mills who
have so far closed or stopped and the workers who
were waiting to hear whether they've got jobs. Tell that
to the businesses paying double what they did last year
(01:18):
for powert tell that to the farming sector, the likes
of Fonterra who now say this affects our export competitiveness.
They claim they've been arguing for industry reform for ages.
Now An's co are into meet. They're paying twice what
they were last year, and you know who that gets
passed on to. Meantime, the government, looking at LNG contact
yesterday claimed on this program an announcement was coming on
(01:39):
gas soon. Well, let's hope that's good. And at some
point we may or may not hear from the ComCom
or the electricity authority, although if you followed the various
scraps of late over things like petrol and building supplies
and supermarkets or banks, when the likes of authorities get involved,
it appears to be more headlined noise than actual change.
The big picture is the key here. If we can't
make enough power now, even with the arrival of the
(02:01):
new staff, the GOO, the wind, the solar, where do
the evs fit in the data centers? The AI power,
whether at a crisis point or not, is too expensive
in this country, and not just too expensive but clearly unreliable.
See Three main things drive the industry currently we've got
the rain and we don't have enough of that. We've
got gas while we stop looking, so the current reserves
are running out. In the wind it's not blowing. So
(02:23):
three good options on paper. In reality they don't work.
So the industry says, don't panic. The user says, it's
a crisis. Our exports are being hit. So this it
seems to me as a bit of a job for
the government. Jawbony, which they've done to this point hasn't
and isn't working. Leaving it to the market isn't working.
See if you don't have power your third world. We
look currently pretty third world.
Speaker 2 (02:46):
I feel like we're second world at best, and we're desperate.
We've got aspirations of being first world for things like
you know, roads and health systems and internet stuff like that,
and sometimes we sort of dip into first world levels
of things, we get a taste for it, and then
(03:07):
we don't like it. We were just back to second
world again. Nobody ever talks about the second world countries,
do they. It's the rewrap right, local water done well,
forget it. Chris pH Luxen came on the show this
Foot this morning and tried to defend that name, but
we all know it's a stupid name, stupidest name than
anything ever.
Speaker 3 (03:23):
Maybe tell you what I like about local water done well,
it's certainly not the name. The name is stupid, but
what it improves on Labour's previous ideas is indeed several fold. Firstly,
councils retain ownership. The idea that a government rolled in
and stole your assets seemed the most extraordinary about of arrogance.
The fact that the government ended up literally bribing councils
to go along shows you just how power hungry and
(03:44):
dangerous Labor was. Some councils actually don't have water issues
the same way. Some polyitechs were doing very nicely, thank you,
They didn't all need up ending. Then we got the numbers.
Labour wanted four gargantuan operators. That was expanded to ten
when yet again councils showed them the error of their ways.
And then we had the Mari hijack, where Labour's obsession
with making everything about the treaty took away the specific
(04:06):
issue of water and made it all about race. So
councils keep their stuff good is allowing them to borrow
up to five times their income wise, that potentially is
a risk given some councils have their act together and some,
of course are useless. The broad idea, though, of debt
over the lifetime of an asset does make more sense.
So too, in theory does the collaboration of council's idea.
(04:28):
Although whether councils not actually geographically connected can do business
in a way that makes sense and is worthwhiless open
to some speculation. I would have thought, then the five
times debt question, it's only workable if the problem gets solved.
I mean, it's like housing if you think about it.
If you can borrow, say five times your income for
a mortgage, and that is five times, say seventy five
thousand dollars, that's three hundred and seventy five grand. If
(04:50):
the house is an auckland, you still don't have a house.
Once again, it's a theory that it will be interesting
to see whether it plays out properly. Then, counsels and
their attitude to debt. Having borrowed, there will of course
be an interest cost. Do they pay that down or not?
And if not, do the rate payers pay the premium forever?
So a few questions to be answered. But the buy
in seems solid and the hope is reasonable. So potentially
(05:13):
this government has cracked what the last one couldn't, and
they did it largely through common sense, not mad ideology.
Speaker 2 (05:20):
Because apart from anything else, when you name something, you
want the first letters of that name to If they
can't be an acronym that makes a word, then that
it should at least be shorter to say the letters
than it is to say that. But it's actually shorter
(05:42):
to say local water have done well than it is
to say l W d W. That's more syllables. So
if Christopher Laxman is wrong about that, might also ask
him if you would rather be interviewed by me or him?
And he said, Mike, so I lost that. I had
to concede defeat to that arap. He then came out
(06:04):
of the studio and apologized to me, and I said,
don't worry about it. I'd rather be interviewed by mind
as well. Am I a bit too self deprecating? I
certainly don't understand how the ocr works.
Speaker 3 (06:17):
Tomorrow's big day is going to be disappointing day, but
it is going to be a big day. Increasingly, the banks,
the retail banks, including the Employer's Manufacturers Association. We need
a positive signal from the RB. The RB, the cash
rate is what we're talking about. B and Z should
have already cut interest rates. That what they're saying as
seems to have been led. This whole campaign seems to
have been led by KWI Bank. Shifting direction was necessary
(06:40):
for the economy. They say, you've got to start cutting
ASB they've changed their mind and expect the RB to
begin cutting this week. They're dreaming so October November, depending
on who you're talking to. I mean it would be
and I think Brad Olsen runs the best argument of all.
It would be a gargantuan climb down from the Reserve
(07:01):
Bank if tomorrow they came out and cut. But that's
why tomorrow is going to be a big day, tremendous
amount of expectation.
Speaker 2 (07:07):
And as I've been saying in recent weeks, we have
just become so obsessed with this. Well, certainly people on
this station seem to be. Anyway, I presume people out
in the wider world, the people who listen to the
station probably aren't now as a result of that, and
I really feel like we're doing the wrong thing. We
should be ignoring or completely don't give him the attention,
(07:29):
give him the silent treatment until he starts bringing rates down.
That's what you'd never ever have fuel attention seekers like that,
otherwise they end up being the President of the United States.
Rewrap Actually, speaking of politics, weird weird stuff, politics, isn't it?
How does it work?
Speaker 3 (07:49):
Mike top Show, Well, don't bring us with you to
say you spoke about the parliament not being open. I've
always wondered what those in opposition are doing when the
Parliament isn't sitting while they sit on committees, if they are,
if they're a list MP and they're not really high
up on a committee, they basically do nothing, is the
answer to the question. Now, I wouldn't be opposed to
the Parliament not being open if there wasn't business to
be done. But there is business to be done. They
(08:12):
announced the congestion charges yesterday. Do the congestion charges start
next Monday? No, they do not. They've got to pass
the legislation. When's the legislation being passedable? Not this year?
Why not? Because the parliament's not open, So there's plenty
to do. And that's before I get to my upset
as revealed on this program yesterday from Sunny Kershel, who
we know and love, but was can I be blunt
(08:33):
and say bought off by this government stuck on a
committee to solve the crime problem? And then Todd we
were told, don't worry. The fact that it's going for
two years doesn't really matter because they're sitting down and
they're getting stuck into this and you'll hear the first
ideas within a couple of weeks. Well that was a
month ago, if not longer. And I find out from
Sunday yesterday they haven't even met, they haven't done anything.
(08:54):
So the announcement was made weeks ago for what nothing?
Speaker 2 (08:57):
Is that? The best way to solve the crime problem, though,
is to just give all the people who complain about
the crime problem a job solving the crime problem. Five
they just go away and you'd never hear from them again.
Speaker 3 (09:06):
Well, they came on the program yesterday, Glenn. That was
the point. What's the matter with you this morning? You
seem to be a little cynical.
Speaker 2 (09:13):
Yeah, I don't know why Mike forgets every now and again.
That is my role here. I am the cynical guy.
He's supposed to be optimistic, guy. I'm supposed to be
cynical guy. Sometimes he gets that completely around the wrong way.
Speaker 1 (09:25):
The rewrap right.
Speaker 2 (09:27):
He's probably about grumpy today because he's obviously under stress
at home, and it's because of his sink.
Speaker 3 (09:32):
Hees sinks. If you think the roads are bad, the
number we didn't give you the Seagle Road resurfacing. So
when you go to resurface, the cost has gone from
twenty eighteen to twenty twenty four. So it's gone from
fifty nine grand to sixty six grand. Is that acceptable
in sixty years? Doesn't strike me as being abnormal. Having
said that motorway was closed this morning, on the way
to work at two thirty, I counted seven million, two
one hundred and fifty seven, six hundred and forty two cones,
(09:54):
so that whole we're going to change. The cone system
hasn't changed. But anyway sinks. Well, you made a mistake
in the renovation. Put the wrong sink in. Don't like
the sink, sink doesn't work. Sink's not acceptable anymore. I'm
not saying this. This is not me. I have nothing
to do with these things. It's just a voice in
the house when you come home all of a sudden
you are told the sink doesn't work. The sin it's
not acceptable. We need a new sink. Whether you can
(10:14):
pull a sink out of a bench tops another thing
turns out, apparently for a extortion at price, you can,
but that's not the price. The price of the sink
when we did it a couple of years ago was
five or six hundred dollars. Now said a lot for
a sink. I don't know. Wouldn't have a clue what
a sink cost. If I said to you, what do
you reckon? A sink cost? I reckon I would have
gone four to six hundred dollars. Just did a guess
(10:34):
ceramic anyway, The problem is it's not the shiny one.
It's a matt one, which was a bit of a
look at the time, and it turns out the bit
of a look, it's a pain in the ass because
the stains all over the thing. We need to get
a new one, new shiny one. Do you know what
a new shiny one is. It's gone from five or
six hundred dollars a couple of years ago too, Are
you ready for it? One thousand, seven hundred dollars. So
(10:57):
that's sink flation.
Speaker 2 (10:58):
Isn't it sort of a sink hole that you've poured.
Speaker 3 (11:01):
Very much your sinkhole. So anyway, so there is some
dispute at the moment whether we're going to be doing
that in our house or not.
Speaker 2 (11:06):
I think we all know who's going to win. That's
and also, so it's got a few marks on it.
Why wouldn't you, I reckon you in a situation like that,
you make more marks deliberately and you say it's distressed
and say that's the lock you're going for. That'd be
my advice, I am, And my other advice would be
(11:28):
always just do whatever the domestic manager says. I am
Glen Hart. I'm going to go back to my house
now that I've done this podcast and that I'm in
charge of, and then I'll just do whatever I'm told
when I get home. See that here again.
Speaker 1 (11:46):
Where for more from News Talks B listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio.
You're listening to a podcast from News Talk SIB follow
this and our wide range of podcasts now on iHeartRadio. Rewrap.
Speaker 2 (00:26):
Okay, there and welcome to the rewrap for Tuesday. All
the best, But it's from the mic asking Breakfast on
newsbalks edb in a sillier package. I am Glenhart today.
What does lwd W stand for? What does ocr stand for?
Why is Mike so worried about the state of politics
in this country at the moment? And also why is
(00:46):
he worried about sinks? But before any of that power, Yes,
that's tough of mind for a lot of us at
the moment. Is there going to be any when we
need it? So?
Speaker 3 (00:57):
What to make of the so called power crisis? Right,
Mike Fus about this time yesterday on the program Contact
Energy gave an eloquent defense of the power industry. Said, Look,
it works fine. Yes, we're in a period of transition.
The investment is being made. It will work out well
in the end. Now tell that to the mills who
have so far closed or stopped and the workers who
were waiting to hear whether they've got jobs. Tell that
to the businesses paying double what they did last year
(01:18):
for powert tell that to the farming sector, the likes
of Fonterra who now say this affects our export competitiveness.
They claim they've been arguing for industry reform for ages.
Now An's co are into meet. They're paying twice what
they were last year, and you know who that gets
passed on to. Meantime, the government, looking at LNG contact
yesterday claimed on this program an announcement was coming on
(01:39):
gas soon. Well, let's hope that's good. And at some
point we may or may not hear from the ComCom
or the electricity authority, although if you followed the various
scraps of late over things like petrol and building supplies
and supermarkets or banks, when the likes of authorities get involved,
it appears to be more headlined noise than actual change.
The big picture is the key here. If we can't
make enough power now, even with the arrival of the
(02:01):
new staff, the GOO, the wind, the solar, where do
the evs fit in the data centers? The AI power,
whether at a crisis point or not, is too expensive
in this country, and not just too expensive but clearly unreliable.
See Three main things drive the industry currently we've got
the rain and we don't have enough of that. We've
got gas while we stop looking, so the current reserves
are running out. In the wind it's not blowing. So
(02:23):
three good options on paper. In reality they don't work.
So the industry says, don't panic. The user says, it's
a crisis. Our exports are being hit. So this it
seems to me as a bit of a job for
the government. Jawbony, which they've done to this point hasn't
and isn't working. Leaving it to the market isn't working.
See if you don't have power your third world. We
look currently pretty third world.
Speaker 2 (02:46):
I feel like we're second world at best, and we're desperate.
We've got aspirations of being first world for things like
you know, roads and health systems and internet stuff like that,
and sometimes we sort of dip into first world levels
of things, we get a taste for it, and then
(03:07):
we don't like it. We were just back to second
world again. Nobody ever talks about the second world countries,
do they. It's the rewrap right, local water done well,
forget it. Chris pH Luxen came on the show this
Foot this morning and tried to defend that name, but
we all know it's a stupid name, stupidest name than
anything ever.
Speaker 3 (03:23):
Maybe tell you what I like about local water done well,
it's certainly not the name. The name is stupid, but
what it improves on Labour's previous ideas is indeed several fold. Firstly,
councils retain ownership. The idea that a government rolled in
and stole your assets seemed the most extraordinary about of arrogance.
The fact that the government ended up literally bribing councils
to go along shows you just how power hungry and
(03:44):
dangerous Labor was. Some councils actually don't have water issues
the same way. Some polyitechs were doing very nicely, thank you,
They didn't all need up ending. Then we got the numbers.
Labour wanted four gargantuan operators. That was expanded to ten
when yet again councils showed them the error of their ways.
And then we had the Mari hijack, where Labour's obsession
with making everything about the treaty took away the specific
(04:06):
issue of water and made it all about race. So
councils keep their stuff good is allowing them to borrow
up to five times their income wise, that potentially is
a risk given some councils have their act together and some,
of course are useless. The broad idea, though, of debt
over the lifetime of an asset does make more sense.
So too, in theory does the collaboration of council's idea.
(04:28):
Although whether councils not actually geographically connected can do business
in a way that makes sense and is worthwhiless open
to some speculation. I would have thought, then the five
times debt question, it's only workable if the problem gets solved.
I mean, it's like housing if you think about it.
If you can borrow, say five times your income for
a mortgage, and that is five times, say seventy five
thousand dollars, that's three hundred and seventy five grand. If
(04:50):
the house is an auckland, you still don't have a house.
Once again, it's a theory that it will be interesting
to see whether it plays out properly. Then, counsels and
their attitude to debt. Having borrowed, there will of course
be an interest cost. Do they pay that down or not?
And if not, do the rate payers pay the premium forever?
So a few questions to be answered. But the buy
in seems solid and the hope is reasonable. So potentially
(05:13):
this government has cracked what the last one couldn't, and
they did it largely through common sense, not mad ideology.
Speaker 2 (05:20):
Because apart from anything else, when you name something, you
want the first letters of that name to If they
can't be an acronym that makes a word, then that
it should at least be shorter to say the letters
than it is to say that. But it's actually shorter
(05:42):
to say local water have done well than it is
to say l W d W. That's more syllables. So
if Christopher Laxman is wrong about that, might also ask
him if you would rather be interviewed by me or him?
And he said, Mike, so I lost that. I had
to concede defeat to that arap. He then came out
(06:04):
of the studio and apologized to me, and I said,
don't worry about it. I'd rather be interviewed by mind
as well. Am I a bit too self deprecating? I
certainly don't understand how the ocr works.
Speaker 3 (06:17):
Tomorrow's big day is going to be disappointing day, but
it is going to be a big day. Increasingly, the banks,
the retail banks, including the Employer's Manufacturers Association. We need
a positive signal from the RB. The RB, the cash
rate is what we're talking about. B and Z should
have already cut interest rates. That what they're saying as
seems to have been led. This whole campaign seems to
have been led by KWI Bank. Shifting direction was necessary
(06:40):
for the economy. They say, you've got to start cutting
ASB they've changed their mind and expect the RB to
begin cutting this week. They're dreaming so October November, depending
on who you're talking to. I mean it would be
and I think Brad Olsen runs the best argument of all.
It would be a gargantuan climb down from the Reserve
(07:01):
Bank if tomorrow they came out and cut. But that's
why tomorrow is going to be a big day, tremendous
amount of expectation.
Speaker 2 (07:07):
And as I've been saying in recent weeks, we have
just become so obsessed with this. Well, certainly people on
this station seem to be. Anyway, I presume people out
in the wider world, the people who listen to the
station probably aren't now as a result of that, and
I really feel like we're doing the wrong thing. We
should be ignoring or completely don't give him the attention,
(07:29):
give him the silent treatment until he starts bringing rates down.
That's what you'd never ever have fuel attention seekers like that,
otherwise they end up being the President of the United States.
Rewrap Actually, speaking of politics, weird weird stuff, politics, isn't it?
How does it work?
Speaker 3 (07:49):
Mike top Show, Well, don't bring us with you to
say you spoke about the parliament not being open. I've
always wondered what those in opposition are doing when the
Parliament isn't sitting while they sit on committees, if they are,
if they're a list MP and they're not really high
up on a committee, they basically do nothing, is the
answer to the question. Now, I wouldn't be opposed to
the Parliament not being open if there wasn't business to
be done. But there is business to be done. They
(08:12):
announced the congestion charges yesterday. Do the congestion charges start
next Monday? No, they do not. They've got to pass
the legislation. When's the legislation being passedable? Not this year?
Why not? Because the parliament's not open, So there's plenty
to do. And that's before I get to my upset
as revealed on this program yesterday from Sunny Kershel, who
we know and love, but was can I be blunt
(08:33):
and say bought off by this government stuck on a
committee to solve the crime problem? And then Todd we
were told, don't worry. The fact that it's going for
two years doesn't really matter because they're sitting down and
they're getting stuck into this and you'll hear the first
ideas within a couple of weeks. Well that was a
month ago, if not longer. And I find out from
Sunday yesterday they haven't even met, they haven't done anything.
(08:54):
So the announcement was made weeks ago for what nothing?
Speaker 2 (08:57):
Is that? The best way to solve the crime problem, though,
is to just give all the people who complain about
the crime problem a job solving the crime problem. Five
they just go away and you'd never hear from them again.
Speaker 3 (09:06):
Well, they came on the program yesterday, Glenn. That was
the point. What's the matter with you this morning? You
seem to be a little cynical.
Speaker 2 (09:13):
Yeah, I don't know why Mike forgets every now and again.
That is my role here. I am the cynical guy.
He's supposed to be optimistic, guy. I'm supposed to be
cynical guy. Sometimes he gets that completely around the wrong way.
Speaker 1 (09:25):
The rewrap right.
Speaker 2 (09:27):
He's probably about grumpy today because he's obviously under stress
at home, and it's because of his sink.
Speaker 3 (09:32):
Hees sinks. If you think the roads are bad, the
number we didn't give you the Seagle Road resurfacing. So
when you go to resurface, the cost has gone from
twenty eighteen to twenty twenty four. So it's gone from
fifty nine grand to sixty six grand. Is that acceptable
in sixty years? Doesn't strike me as being abnormal. Having
said that motorway was closed this morning, on the way
to work at two thirty, I counted seven million, two
one hundred and fifty seven, six hundred and forty two cones,
(09:54):
so that whole we're going to change. The cone system
hasn't changed. But anyway sinks. Well, you made a mistake
in the renovation. Put the wrong sink in. Don't like
the sink, sink doesn't work. Sink's not acceptable anymore. I'm
not saying this. This is not me. I have nothing
to do with these things. It's just a voice in
the house when you come home all of a sudden
you are told the sink doesn't work. The sin it's
not acceptable. We need a new sink. Whether you can
(10:14):
pull a sink out of a bench tops another thing
turns out, apparently for a extortion at price, you can,
but that's not the price. The price of the sink
when we did it a couple of years ago was
five or six hundred dollars. Now said a lot for
a sink. I don't know. Wouldn't have a clue what
a sink cost. If I said to you, what do
you reckon? A sink cost? I reckon I would have
gone four to six hundred dollars. Just did a guess
(10:34):
ceramic anyway, The problem is it's not the shiny one.
It's a matt one, which was a bit of a
look at the time, and it turns out the bit
of a look, it's a pain in the ass because
the stains all over the thing. We need to get
a new one, new shiny one. Do you know what
a new shiny one is. It's gone from five or
six hundred dollars a couple of years ago too, Are
you ready for it? One thousand, seven hundred dollars. So
(10:57):
that's sink flation.
Speaker 2 (10:58):
Isn't it sort of a sink hole that you've poured.
Speaker 3 (11:01):
Very much your sinkhole. So anyway, so there is some
dispute at the moment whether we're going to be doing
that in our house or not.
Speaker 2 (11:06):
I think we all know who's going to win. That's
and also, so it's got a few marks on it.
Why wouldn't you, I reckon you in a situation like that,
you make more marks deliberately and you say it's distressed
and say that's the lock you're going for. That'd be
my advice, I am, And my other advice would be
(11:28):
always just do whatever the domestic manager says. I am
Glen Hart. I'm going to go back to my house
now that I've done this podcast and that I'm in
charge of, and then I'll just do whatever I'm told
when I get home. See that here again.
Speaker 1 (11:46):
Where for more from News Talks B listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio.
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