February 10, 2025 • 11 mins
THE BEST BITS IN A SILLIER PACKAGE (from Tuesday's Mike Hosking Breakfast) But Have You Seen the Weather?/ANZ? AMP? AMI? Whatever/Coal Hard Facts/Underestimate the Greens at Your Peril/Hated By Many, Loved By Most
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Speaker 1 (00:09):
You're listening to a podcast from News Talk SAIDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
Rerap and welcome to the Rewrap for Tuesday.
Speaker 3 (00:30):
All the best that's from the Mike Hostking Corectist on
News Talks be and a sillier package Iron Glen Hart
and today we've got Key we save advice.
Speaker 2 (00:40):
From Mike Hosking. We'll see if Cole.
Speaker 3 (00:44):
Is all washed up because nobody's using it anymore. We'll
look at the polls, or we'll give you a reason
not to. And then Mike's beef with Ben Elton or
Ben Alton's beef with him, whatever it is. It is
some beef anyway. The first app Yeah, New Zealand versus Australia.
I'll not this again.
Speaker 4 (01:05):
I must read for a reality check is the ABC
as in the Australian Broadcasting Corporation exploration of the New
Zealand versus Australian economy. Normally, the ABC, like a lot
of public broadcasters, tease you with the headline and end
up concluding nothing that so they can claim to be balanced.
Not so in this case. Gareth Hutchins is your author.
The headline Inflation has fallen in New Zealand and Australia,
(01:28):
But which is faring better? See it's always instructive to
read specific comparisons. Look at the wider picture, crunch the numbers,
and this piece does that, and boy does it do that.
It starts with a clue. New Zealand's economy is in recession.
Australia's economy is not in recession. He then involves the
Reserve Bank. Our cash rate peaked at five point five percent,
Australia's peaked at four point three five percent unemployment. New
(01:50):
Zealand's got to five point one probably still climbing. Australia's
under four percent. New Zealand's labour force hasn't grown in
the past twelve months is a wake up called. New
Zealand's labor force hasn't grown in the past twelve months.
Australia's labor force has been consistently growing for the past
twelve months. Right In the past three years, Australia's economy
(02:10):
hasn't recorded a single quarter of negative growth. New Zealand'
economy has three quarters of zero growth, three quarters of
negative growth. It's just experienced six consecutive quarters of negative growth,
he writes the Reserve Bank. The article points out the
respective rbs pursued different approaches to employment as regards their
approach to inflation, also points out that they've got slightly
(02:31):
different bands. We've got a one to three band, they've
got a two to three band. The approach, according to
the Australian ARB was to quote preserve as many of
the jobs that have been created in recent years as
we can. Did they do that? Yes? They did. The
last line in the article you're ready for this, and
thousands of Kiwis have revealed which strategy they prefer by
buying a plane ticket to Australia. I think most of
(02:53):
us could have guessed basically what the article says, but
to put it in words with stats and graphs and
lay it bare, a more depressing, debilitating, deflating and anger
inducing set of numbers would be hard to find. And
those of us left here have and are living through
all of this talk about stark.
Speaker 2 (03:10):
At least we've been having some nice weather.
Speaker 3 (03:11):
I mean, if you've seen what they've been having over there,
rubbish and it's full of Australians, it's a re rap
back here. Yeah, it doesn't get more Kimi than Kiwi Savor.
Well that's not quite true, is it, Because I think
a lot of these funds are overseas owned and things
aren't they But anyway, Mike's got one particular scheme in
(03:35):
his sights, and I think it's a it's a don't
google one piece of advice that's a technical finance term.
Speaker 4 (03:43):
The morning Star Kiwi Saber results were out last week.
Now this is the turns out the biggest provider's not
very good. This is A and Z who've got twenty
two billion of our dollars under their care. Now, over
the past year, they came in eighteenth in conservative funds,
twenty first and modeled thirty second in Balance twenty five
and twenty six and Growth sixteenth and aggressive. Obviously, one
year is not a hopeless scenario, make But over the
(04:03):
past ten years, are they any better? Twelfth for conservative,
sixth for the moderate, at fourteenth for balance, tenth for growth. Now,
this wouldn't be an issue if the owners of those
twenty two billion dollars had any idea what was up.
But as Colonel Wealth said, in a way only a
competitor could say, a continuation of astoundingly poor results will
take that an Z. I assume they're concerned. I assume
(04:24):
they take the stuff seriously. I assume they want to
do better. But here's your real issue, QWU. Saber has
been a shamble for too many of us for the
simple reason we don't seem to care, or we don't
seem to know because we don't seem to care. Now,
the default aspect, for example, what a joke. An astonishingly
large number are in default accounts because we couldn't work
out where to put the money. And although there should
be an avalanche of phone calls to people like A
(04:46):
and Z and all the others for that matter, who
perform similarly, there won't be. There's no shortage, of course,
of people out there who can handle your money. So
much so, as much as you think you know, you
want to wonder allowed just what it is that ANZ
does to make it perform so badly. You can equally
ask how come they're the largest holder of money, and
given their performance, why hasn't there been a stampede for
the exit? So part of the I guess part of
(05:08):
the thinking is the old put it away and forget
about it mentality. But that's money left on the table.
How much better off could you be? Would you be
if you were more interested and more active for a
country that has a brewing, if not present, superannuation affordability crisis.
I would have thought we would be a little more
interested in solving our own problems. But the numbers would
seem to suggest mediocre, if not bottom of the pack,
(05:30):
is fine for many.
Speaker 3 (05:31):
And of course, on hearing that, I thought, bloody hell,
I think that's the one I'm the enrolled in.
Speaker 2 (05:35):
I'd better log in and see what's happening.
Speaker 3 (05:37):
And then I couldn't log in, and then I was
realized it was because that wasn't the one that I'm
And it's very confusing, all these you know, a n
z amp ami you're supposed to know really rewrap. Mike
was hot on recommended reading this morning. He'd sometimes he
(05:58):
does this. He sueds to have gathered up all the
things he's been reading about lately and just wants to
share it with you.
Speaker 2 (06:03):
This st is like his own little book club.
Speaker 3 (06:06):
And he's been reading about and ah, the way the
planet's dying.
Speaker 4 (06:11):
Yeah yeah, yeah, the article you should readers in CNBC
the world isn't close to breaking free from coal demand
for it is surging. US exports of coal have been
rising steadily. The global shift away from coal remains challenging,
driven by rising demand in Asia. This is from the
Global Energy Monitors Global Coal Mine Tracker. World's coal capacity
(06:33):
reached a new record high of nearly two than one
hundred and seventy five gigawatts last year. China Its coal
imports have surged fourteen and a half percent to a
record high last year five hundred and forty two point
seven million metric tons, accounting for more than fifty six
percent of global demand in twenty twenty three. Hydropower that's
went solar, all of that sort of stuff thirty percent
of China's electricity mix thirty percent, So you know where
(06:55):
the rest is coming. Another major barrier is not the
availability of renewable energy infrastructure, but the difficulty of transmitting
solar and wind power across provinces. Coal will continue to
be a critical energy backbone in China until grid integration
and management has fully developed across the entire country. In India,
extreme heat has led to soaring energy demand for cooling.
(07:16):
Clean energy sources are not built fast enough to make
the country's growing powder matt like that or not, that's
your reality.
Speaker 3 (07:23):
Yes, I guess that that episode of Mike Hoskings book
Club was sort of a post apocalyptic little number how
the world gasped its last breath and nobody wanted to
do anything about it because it was all about hard
and then it was bad business.
Speaker 2 (07:43):
I think the title needs some work, probably the rewrap.
Speaker 3 (07:47):
So we've seem to have had a rush of poles
out for some reason. I don't know why, given that
I don't think it's election year. Yeah, I think sort
of later on next year is well. Anyway, I guess
it matters.
Speaker 4 (08:00):
I'm here to tell you the poles mean nothing apart
from one. We all like a poll. Everyone loves a pole,
But the poles and two of them indicator the three
of late two of them in the change of government,
or do they? First of all, in one poll, they're
trying to tell me the Greens have got thirteen percent.
The Greens don't have thirteen percent. They've never had thirteen percent,
they haven't gone up three and a half points. They're
never going to get thirteen percent, so that number is wrong.
(08:21):
Another pole tells us that Maray voters crashed. It's down
three points. They never had the three points in the
first place, therefore they haven't crashed. The only synergistic aspect
of all of these poles is roughly roughly they turn
out to be about right in terms of the Nats
are on about low thirties, Labour's on about low thirties,
(08:43):
and it's a tight race. But if you start believing
the Greens on thirteen and the Maori Party were on seven,
then that's where your change of government comes in. And
given you don't believe those numbers, there is no change
of government. And that's before we get to the fact
that there were two years away from an election.
Speaker 3 (08:56):
I don't know if he was to write off those
Green Party numbers straight away, I know, I mean, just
look at all the amazing things that they achieved last year,
all the people who either resigned or got sacked. You know,
that's attention grabbing stuff, the re rap Right, we're going
to finish up here with Ben Elton. Well, no, you
(09:18):
can actually go and listen to Mike interviewing Ben Elton
elsewhere on the news to his z'db website. But this
was a little this is how Mike decided he was
going to create a little bit of sizzle around that
interview this morning.
Speaker 4 (09:28):
Ben Elton, who hates me? The only reason I say
he hates me is I read the New Zealand Herald
May of twenty twenty one review of the Ben Elton
Show when he was last year. We haven't had Ben
Elton on the show since twenty twenty. Maybe that's what
tipped him over. Because he came in twenty twenty one.
We didn't interview him at that particular point of time.
I have no idea why, but he obviously got wind
(09:49):
of that and thought, why aren't I on Hosking? I
hate him, That's all I can assume. Because most people
love me. I am the Rivera of the Middle East.
Everybody loves me.
Speaker 2 (09:59):
So much so that Trump probably wants to own you exactly.
Speaker 4 (10:02):
Damien Thorn is the reviewer for the Herald. I quote him.
Now we learnt things as well. Ben Elton hates Mike
Hosking as much as many New Zealanders.
Speaker 2 (10:15):
Well many's not most, to be fair.
Speaker 4 (10:17):
We all enjoyed him being the butt of Elton's jokes.
Speaker 2 (10:22):
Hard to disagree.
Speaker 4 (10:23):
That's what Damien Thorne said in the New Zealand Herald.
May have twenty twenty one and reviewing Van Elton. So
I thought, do I want Ben back on the program?
How can this possibly be? Does Ben actually secretly like me?
And the Herald are wrong? Or the Herald are right?
And Ben Elton will be on this program after lights
seething spitting tax at having to deal with me yet again,
but knowing form.
Speaker 2 (10:43):
And anything, should we get Damien on afterwards for a
bit of reaction?
Speaker 4 (10:46):
Does Damien still work for the Herald?
Speaker 2 (10:48):
Irrelevant?
Speaker 3 (10:49):
You see, that's the trouble being Mike Hosking and being
the most listened to radio personality in New Zealand. Although
that probably means that he's got more people who like
him than anybody else, it also probably means he's got
more people who don't like him listening as well. It's
hard to being buck never thought about that for I
was gltting to feel a bit sorry for him. Actually,
(11:11):
I am so pleased that you like me and don't
hate me, and you're not hate listening right now? Right right,
definitely right, and please come back and whatever kind of
listening you do it again tomorrow. I'll see you then, Hey,
have it? Try out news talks ed being Why don't you.
It's another podcast. It's a bit like this SUC, yet
it's got less Mike and more of everybody else on
the station.
Speaker 2 (11:30):
Still plenty of me though.
Speaker 1 (11:39):
For more from News Talks ed B Listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iart Radio
You're listening to a podcast from News Talk SAIDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
Rerap and welcome to the Rewrap for Tuesday.
Speaker 3 (00:30):
All the best that's from the Mike Hostking Corectist on
News Talks be and a sillier package Iron Glen Hart
and today we've got Key we save advice.
Speaker 2 (00:40):
From Mike Hosking. We'll see if Cole.
Speaker 3 (00:44):
Is all washed up because nobody's using it anymore. We'll
look at the polls, or we'll give you a reason
not to. And then Mike's beef with Ben Elton or
Ben Alton's beef with him, whatever it is. It is
some beef anyway. The first app Yeah, New Zealand versus Australia.
I'll not this again.
Speaker 4 (01:05):
I must read for a reality check is the ABC
as in the Australian Broadcasting Corporation exploration of the New
Zealand versus Australian economy. Normally, the ABC, like a lot
of public broadcasters, tease you with the headline and end
up concluding nothing that so they can claim to be balanced.
Not so in this case. Gareth Hutchins is your author.
The headline Inflation has fallen in New Zealand and Australia,
(01:28):
But which is faring better? See it's always instructive to
read specific comparisons. Look at the wider picture, crunch the numbers,
and this piece does that, and boy does it do that.
It starts with a clue. New Zealand's economy is in recession.
Australia's economy is not in recession. He then involves the
Reserve Bank. Our cash rate peaked at five point five percent,
Australia's peaked at four point three five percent unemployment. New
(01:50):
Zealand's got to five point one probably still climbing. Australia's
under four percent. New Zealand's labour force hasn't grown in
the past twelve months is a wake up called. New
Zealand's labor force hasn't grown in the past twelve months.
Australia's labor force has been consistently growing for the past
twelve months. Right In the past three years, Australia's economy
(02:10):
hasn't recorded a single quarter of negative growth. New Zealand'
economy has three quarters of zero growth, three quarters of
negative growth. It's just experienced six consecutive quarters of negative growth,
he writes the Reserve Bank. The article points out the
respective rbs pursued different approaches to employment as regards their
approach to inflation, also points out that they've got slightly
(02:31):
different bands. We've got a one to three band, they've
got a two to three band. The approach, according to
the Australian ARB was to quote preserve as many of
the jobs that have been created in recent years as
we can. Did they do that? Yes? They did. The
last line in the article you're ready for this, and
thousands of Kiwis have revealed which strategy they prefer by
buying a plane ticket to Australia. I think most of
(02:53):
us could have guessed basically what the article says, but
to put it in words with stats and graphs and
lay it bare, a more depressing, debilitating, deflating and anger
inducing set of numbers would be hard to find. And
those of us left here have and are living through
all of this talk about stark.
Speaker 2 (03:10):
At least we've been having some nice weather.
Speaker 3 (03:11):
I mean, if you've seen what they've been having over there,
rubbish and it's full of Australians, it's a re rap
back here. Yeah, it doesn't get more Kimi than Kiwi Savor.
Well that's not quite true, is it, Because I think
a lot of these funds are overseas owned and things
aren't they But anyway, Mike's got one particular scheme in
(03:35):
his sights, and I think it's a it's a don't
google one piece of advice that's a technical finance term.
Speaker 4 (03:43):
The morning Star Kiwi Saber results were out last week.
Now this is the turns out the biggest provider's not
very good. This is A and Z who've got twenty
two billion of our dollars under their care. Now, over
the past year, they came in eighteenth in conservative funds,
twenty first and modeled thirty second in Balance twenty five
and twenty six and Growth sixteenth and aggressive. Obviously, one
year is not a hopeless scenario, make But over the
(04:03):
past ten years, are they any better? Twelfth for conservative,
sixth for the moderate, at fourteenth for balance, tenth for growth. Now,
this wouldn't be an issue if the owners of those
twenty two billion dollars had any idea what was up.
But as Colonel Wealth said, in a way only a
competitor could say, a continuation of astoundingly poor results will
take that an Z. I assume they're concerned. I assume
(04:24):
they take the stuff seriously. I assume they want to
do better. But here's your real issue, QWU. Saber has
been a shamble for too many of us for the
simple reason we don't seem to care, or we don't
seem to know because we don't seem to care. Now,
the default aspect, for example, what a joke. An astonishingly
large number are in default accounts because we couldn't work
out where to put the money. And although there should
be an avalanche of phone calls to people like A
(04:46):
and Z and all the others for that matter, who
perform similarly, there won't be. There's no shortage, of course,
of people out there who can handle your money. So
much so, as much as you think you know, you
want to wonder allowed just what it is that ANZ
does to make it perform so badly. You can equally
ask how come they're the largest holder of money, and
given their performance, why hasn't there been a stampede for
the exit? So part of the I guess part of
(05:08):
the thinking is the old put it away and forget
about it mentality. But that's money left on the table.
How much better off could you be? Would you be
if you were more interested and more active for a
country that has a brewing, if not present, superannuation affordability crisis.
I would have thought we would be a little more
interested in solving our own problems. But the numbers would
seem to suggest mediocre, if not bottom of the pack,
(05:30):
is fine for many.
Speaker 3 (05:31):
And of course, on hearing that, I thought, bloody hell,
I think that's the one I'm the enrolled in.
Speaker 2 (05:35):
I'd better log in and see what's happening.
Speaker 3 (05:37):
And then I couldn't log in, and then I was
realized it was because that wasn't the one that I'm
And it's very confusing, all these you know, a n
z amp ami you're supposed to know really rewrap. Mike
was hot on recommended reading this morning. He'd sometimes he
(05:58):
does this. He sueds to have gathered up all the
things he's been reading about lately and just wants to
share it with you.
Speaker 2 (06:03):
This st is like his own little book club.
Speaker 3 (06:06):
And he's been reading about and ah, the way the
planet's dying.
Speaker 4 (06:11):
Yeah yeah, yeah, the article you should readers in CNBC
the world isn't close to breaking free from coal demand
for it is surging. US exports of coal have been
rising steadily. The global shift away from coal remains challenging,
driven by rising demand in Asia. This is from the
Global Energy Monitors Global Coal Mine Tracker. World's coal capacity
(06:33):
reached a new record high of nearly two than one
hundred and seventy five gigawatts last year. China Its coal
imports have surged fourteen and a half percent to a
record high last year five hundred and forty two point
seven million metric tons, accounting for more than fifty six
percent of global demand in twenty twenty three. Hydropower that's
went solar, all of that sort of stuff thirty percent
of China's electricity mix thirty percent, So you know where
(06:55):
the rest is coming. Another major barrier is not the
availability of renewable energy infrastructure, but the difficulty of transmitting
solar and wind power across provinces. Coal will continue to
be a critical energy backbone in China until grid integration
and management has fully developed across the entire country. In India,
extreme heat has led to soaring energy demand for cooling.
(07:16):
Clean energy sources are not built fast enough to make
the country's growing powder matt like that or not, that's
your reality.
Speaker 3 (07:23):
Yes, I guess that that episode of Mike Hoskings book
Club was sort of a post apocalyptic little number how
the world gasped its last breath and nobody wanted to
do anything about it because it was all about hard
and then it was bad business.
Speaker 2 (07:43):
I think the title needs some work, probably the rewrap.
Speaker 3 (07:47):
So we've seem to have had a rush of poles
out for some reason. I don't know why, given that
I don't think it's election year. Yeah, I think sort
of later on next year is well. Anyway, I guess
it matters.
Speaker 4 (08:00):
I'm here to tell you the poles mean nothing apart
from one. We all like a poll. Everyone loves a pole,
But the poles and two of them indicator the three
of late two of them in the change of government,
or do they? First of all, in one poll, they're
trying to tell me the Greens have got thirteen percent.
The Greens don't have thirteen percent. They've never had thirteen percent,
they haven't gone up three and a half points. They're
never going to get thirteen percent, so that number is wrong.
(08:21):
Another pole tells us that Maray voters crashed. It's down
three points. They never had the three points in the
first place, therefore they haven't crashed. The only synergistic aspect
of all of these poles is roughly roughly they turn
out to be about right in terms of the Nats
are on about low thirties, Labour's on about low thirties,
(08:43):
and it's a tight race. But if you start believing
the Greens on thirteen and the Maori Party were on seven,
then that's where your change of government comes in. And
given you don't believe those numbers, there is no change
of government. And that's before we get to the fact
that there were two years away from an election.
Speaker 3 (08:56):
I don't know if he was to write off those
Green Party numbers straight away, I know, I mean, just
look at all the amazing things that they achieved last year,
all the people who either resigned or got sacked. You know,
that's attention grabbing stuff, the re rap Right, we're going
to finish up here with Ben Elton. Well, no, you
(09:18):
can actually go and listen to Mike interviewing Ben Elton
elsewhere on the news to his z'db website. But this
was a little this is how Mike decided he was
going to create a little bit of sizzle around that
interview this morning.
Speaker 4 (09:28):
Ben Elton, who hates me? The only reason I say
he hates me is I read the New Zealand Herald
May of twenty twenty one review of the Ben Elton
Show when he was last year. We haven't had Ben
Elton on the show since twenty twenty. Maybe that's what
tipped him over. Because he came in twenty twenty one.
We didn't interview him at that particular point of time.
I have no idea why, but he obviously got wind
(09:49):
of that and thought, why aren't I on Hosking? I
hate him, That's all I can assume. Because most people
love me. I am the Rivera of the Middle East.
Everybody loves me.
Speaker 2 (09:59):
So much so that Trump probably wants to own you exactly.
Speaker 4 (10:02):
Damien Thorn is the reviewer for the Herald. I quote him.
Now we learnt things as well. Ben Elton hates Mike
Hosking as much as many New Zealanders.
Speaker 2 (10:15):
Well many's not most, to be fair.
Speaker 4 (10:17):
We all enjoyed him being the butt of Elton's jokes.
Speaker 2 (10:22):
Hard to disagree.
Speaker 4 (10:23):
That's what Damien Thorne said in the New Zealand Herald.
May have twenty twenty one and reviewing Van Elton. So
I thought, do I want Ben back on the program?
How can this possibly be? Does Ben actually secretly like me?
And the Herald are wrong? Or the Herald are right?
And Ben Elton will be on this program after lights
seething spitting tax at having to deal with me yet again,
but knowing form.
Speaker 2 (10:43):
And anything, should we get Damien on afterwards for a
bit of reaction?
Speaker 4 (10:46):
Does Damien still work for the Herald?
Speaker 2 (10:48):
Irrelevant?
Speaker 3 (10:49):
You see, that's the trouble being Mike Hosking and being
the most listened to radio personality in New Zealand. Although
that probably means that he's got more people who like
him than anybody else, it also probably means he's got
more people who don't like him listening as well. It's
hard to being buck never thought about that for I
was gltting to feel a bit sorry for him. Actually,
(11:11):
I am so pleased that you like me and don't
hate me, and you're not hate listening right now? Right right,
definitely right, and please come back and whatever kind of
listening you do it again tomorrow. I'll see you then, Hey,
have it? Try out news talks ed being Why don't you.
It's another podcast. It's a bit like this SUC, yet
it's got less Mike and more of everybody else on
the station.
Speaker 2 (11:30):
Still plenty of me though.
Speaker 1 (11:39):
For more from News Talks ed B Listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iart Radio
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