June 11, 2025 • 11 mins
THE BEST BITS IN A SILLIER PACKAGE (from Thursday's Mike Hosking Breakfast) Although Maybe Not/Comings and Goings/It's Actually Positivity. Just Saying/Where In the World Is Adrian Orr?/Whose Rock?
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Speaker 1 (00:09):
You're listening to a podcast from News Talk ZEDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
The Rewrap.
Speaker 3 (00:25):
Okay there and welcome to the Rewrap for Thursday. All
the best, but it's from the mic Asking Breakfast on
newsbalgs edby and a Salia package. I am Glenn Hart.
Tourism and migration coming and going. We'll get into that shortly.
Is it all about attitude? What exactly was Adrian's or
(00:46):
attitude when he resigned? This is an ongoing saga. And
who owns the rocket Gibraltar now? But before any of that,
so they surveyed some farmers. In spite of us telling
him to ignore all the polls last week, we want
you to pay attention to this one.
Speaker 2 (01:03):
Federated Farmers, as part of Field Days, have done the
most interesting survey. Now it's like all surveys, it's a snapshot,
but the numbers for one lot are so stark alarm
bell should be ringing. Now, who would a farmer vote for?
Do you think? Now? You'd say, oh, probably national and
you'd be right. Broadly. The farming community is conservative, always
has been, and that is partly because they are their
(01:23):
own masters they're hard workers, their self reliant, They're at
the cutting edge of the economy. They know how life works.
So national in this poll, get fifty four percent. Act
get nineteen. Here is where it gets interesting and or alarming.
New Zealand first, get eight. Only party with farmers at
about the same level that they are nationally Labor three
(01:46):
ding ding ding ding ding ding ding ding. How bad
is that, even with a margin of error, even with
a massive margin of era. Labour should be shocked at
that figure. Every party, of course, has their sweet spot.
I mean, some parties more overtly say so the Greens
who would vote for the Greens, while the Ants as
environmentalists or communists act serm up market urban liberals a
New Zealand first. A provincial number might be higher than
(02:08):
a city number for New Zealand first, but Labor National
as major parties should be by their very nature broad based.
After all, it is labor national and Labor National alone
that will lead any given government on any given day.
You have to at least have a half decent level
of support even in your weakest areas, don't you. Farming
is particularly important given where a farming nation, given the
(02:29):
foreign receipts we get from land. Given the value of
our free trade deals, to have a major party so
out of touch with such a large sector strikes me
as being astonishing, if not embarrassing, if not in fact
unheard of. My suspicion is the current version of labor
is particularly unpalatable, and this is going to be their
major issue next year for all voters, in fact, not
(02:49):
just farmers. The damage done to this country is still
fresh in most of our minds, no more so than
farmers climate obsession, special land area designation, three waters with
mari overreached, no gas, more paperwork. Farmers hated it, a
lot of us hated it. But in general polls, of course,
labour is still competitive on the land. They seem, according
to this to be pariahsed at three percent. Think about it.
(03:12):
That is a massive hill for Hopkins and Co. To
climb between now on October next year.
Speaker 3 (03:18):
Interestingly, somebody then text it and point out that there
are only forty thousand farmers out there, so maybe you
can't ignore them and get away with it. I don't
even know if that number is true. I could really
look now up. We wrap numbers, numbers everywhere today, We've
got tours of numbers, we've got migration numbers. Let's dig
(03:40):
down into those.
Speaker 2 (03:41):
Or Greg was a bit optimistic about tourism. I'm not
optimistic about tourism.
Speaker 3 (03:45):
I know.
Speaker 2 (03:45):
There was another announcement yesterday, so you can't blame the government.
So they're throwing some money at it, and I think
it's one of those things that you throw money at it,
it probably will bear fruit, certainly, hope so, but we
are nowhere near where we need to be now their
goal yesterday. So they've made several announcements. If you haven't
followed this, it's about thirteen and thirteen as a million.
(04:05):
One was really for Australia, ones for some of these
more far flung places that we want people to arrive at.
Currently we've got three point eight nine million. That's the
aim by twenty twenty six, and then they want to
eventually get to four point seven eight million. So I
mean that's exceedingly optimistic and they want to do that
by twenty thirty four. How they're going to do that
short of just saying we are open, we are open,
(04:26):
we are open, I don't know, because I think there's
no question that the world is traveling. We know that
for a fact, and places like Queenstown are doing particularly well,
and that's brilliant. I've got a poll on that, by
the way, in a couple of moments. But we've just
not been able to get back to where we were.
Then we have and these are all released at the
same time. The Business of the Migration numbers net migrations
(04:47):
down to twenty one thousand, three hundred. Now the big
worry slash question is if it keeps falling. And remember
the peak was about one hundred and thirty five thousand,
and most of us, I think, agreed that that was
too much. There's too many people coming to the country
at that point. That's a net gain. Remember, so it's
down now from one thirty five thousand to twenty one thousand.
(05:07):
The question is if it keeps falling, it'll get to zero.
If it keeps falling, it'll go into negative territory. In
other words, we will become a net exporter of people.
That is a disaster, and it's driven in part by
the lack of desire of people now to come to
the country. The people who wanted to come to the
country have come, so demand is falling. But the number
(05:28):
of people leaving doesn't appear to So the annual number
aright yesterday, seventy six hundred is a high, Yes, it
is what was the record nine hundred and seventy six,
so it's still running at pretty much record levels. And
the biggest numbers leaving, of course the citizens of New Zealand.
Next largest group is Chinese, Indians and people from the
(05:49):
United Kingdom, and the bulk of the New Zealanders leaving
are between the years of eighteen and thirty. It's the
same old story. The point being the same old story continues.
New Zealanders are up and off. So I don't know
that we can be that optimistic about that.
Speaker 3 (06:05):
Yes, so I don't know if people are coming. Are
they going? Sounds like they're going mostly and not coming.
It's very confusing rewrap. How can we fix tourism? Is
there a magic trick that will do it money good?
But is that the only thing that it takes?
Speaker 2 (06:23):
Very good point my tourism is not just the government
stickt in the money, coffer and hope the ideas work.
It's a complete national imput of positiveness, with the media
being included in this right down to the enthusiasm of
the entire workforce, from airline, airport workers to uber taxi
drivers to restaurant staff, and the list goes on. The
government will only help, it won't solve very good point.
Speaker 3 (06:45):
Difference between positiveness and positivity.
Speaker 2 (06:47):
Yeah, probably. I just got back from the UK for work.
Two things that stood out. We lack confidence. We have
become too passive, waiting for things to happen instead of
making them happen. Not to mention that maybe just maybe
we're too casual. What was an endearing quality could quite
possibly be holding us back, Alex Wold on you. But
having said that, look, I'm not defending New Zealand. I've
got im. It's down on this country as anybody at
(07:07):
the moment. There are some shoots and there are some
good stuff and we're all over that and we'll talk
about that after seven and seven thirty this morning. But
the attitude at the moment sucks and we need to
do something about it. But having read as much as
I do about what's happening internationally, you've just come back
from Britain. Britain is not really a show piece of
positivity and brilliance. I can tell you that for nothing.
Speaker 3 (07:30):
Yeah, so I think the key word there is positivity,
not absolutely not positiveness. I seem to have last the
efficacy battle. Effectiveness seems to have taken over there. It's
turning up in dictionaries and things now, and I'm not
happy about it. But please, I'm not gonna let you
(07:50):
have positiveness.
Speaker 2 (07:52):
So rewrap.
Speaker 3 (07:52):
Right time for another exciting episode of where in the
world is Adrian?
Speaker 2 (07:57):
Or hardly a surprise, really was it? Adrian looks at
what Nichol is offering to run the place packs of
sad and he's off. It's a pathetic end to a
tumultuous period in which we, the people who paid them,
deserve an awful lot better. The fact that this information
on the your resignation had to be dragged out of
the bank by way of the Official Information Act, the
rules of which were ignored as the bank failed to
meet deadlines, shows you just what sort of place we're
(08:18):
dealing with. How do you conduct yourself? And how you
conduct yourself is of course critical, It's critical for all
of us, even more critical the further up the totem pole.
You are nothing wrong with Adrian quitting if he genuinely
believed the money being offered to run the bank wasn't enough,
but you do it with some dignity. You quit, you
serve out your period, you offer reasons for you quitting,
and you move on with life. And doing it that
(08:39):
way you give us all an insight into what sort
of human being you are, and in this case you
might well have been able to give us an insight
into how your organization runs. What it's thinking is, what
is the gap between the bank and the government, what
you well, why you might be right, why they might
be wrong. Doesn't have to turn into a scrap or
fall out, just a series of bad old ideas as
to why people might see things at odds with each other.
(09:00):
If COVID taught us nothing else, it taught us the
critical role of a central bank and what sort of
people run it the way Adrian ran It is well documented,
of course, in the general view held by many as
widely traversed. But the sudden departure was another insight and
why Adrian did things the way he did. He's petulant.
You don't leave out of the blue like that, and
in silence, you don't bail on hosting an international finance
(09:21):
conference having said you were looking forward to it. It's
toys and sand pits, isn't it with Adrian? And then
offeruscation from the bank when a few simple questions were asked.
If you can't conduct yourself and the bank can't conduct
itself with any great level of clarity, transparency, transparency and professionalism,
is it any wonder the economy got run over the
way it did. He won't be missed old Adrian, but
(09:43):
you would have hoped for something a bit more sophisticated
on the way out.
Speaker 3 (09:47):
Doesn't help that. I don't really understand what the Reserve
Bank does. We did have a somebody claim a sighting
of him. Was it yesterday of the day for that?
They saw him having a bear at Commercial Bay? But
the footage was blary. It could have been the locknest monster,
all the sasquatch, the re rap we're going to finish
(10:07):
up here at the entrance to the Mediterranean. Is that
where Gibraltar is? I think that's where Gibraltar is.
Speaker 2 (10:13):
I referenced Gibraltar. So this is Starma. I can't work
out what Starma is trying to do. It's an anti
Brexit type thing. So he did that deal with the
Europeans the other day. He's done a deal with Gibraltar
overnight and what they call a fluid border. Now Gibraltar
is of course British until it isn't, which it doesn't
appear to be anymore because Gibraltar, as a result of
(10:35):
this deal, is now part of the Shingen border. And
so if you're a brit and you arrive in Gibraltar
at the airport, you're going to be handing over your
passport no longer to the British people, but to the
Spanish and the EU border guards. So he's seemingly handed
over the place to the Spanish and the EU, given
it was his yesterday. So I don't know what's going
on there.
Speaker 3 (10:54):
Yeah, weird, isn't it Gibraltar. It's only thirty eight thousand
people live there. Official language is English. You can tell.
I've just been with your fet hearing it.
Speaker 1 (11:05):
Yeah.
Speaker 3 (11:05):
All I know is that there's a rap and sort
of strategic importance. But other than that, I find it.
Had to get it too excited about your brother, I
am Glen hat. Hopefully you were more excited about it
than I was. The podcast generally, and we'll get back
for more crazy exciting like that tomorrow.
Speaker 1 (11:25):
See for more from News Talk st 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 ZEDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
The Rewrap.
Speaker 3 (00:25):
Okay there and welcome to the Rewrap for Thursday. All
the best, but it's from the mic Asking Breakfast on
newsbalgs edby and a Salia package. I am Glenn Hart.
Tourism and migration coming and going. We'll get into that shortly.
Is it all about attitude? What exactly was Adrian's or
(00:46):
attitude when he resigned? This is an ongoing saga. And
who owns the rocket Gibraltar now? But before any of that,
so they surveyed some farmers. In spite of us telling
him to ignore all the polls last week, we want
you to pay attention to this one.
Speaker 2 (01:03):
Federated Farmers, as part of Field Days, have done the
most interesting survey. Now it's like all surveys, it's a snapshot,
but the numbers for one lot are so stark alarm
bell should be ringing. Now, who would a farmer vote for?
Do you think? Now? You'd say, oh, probably national and
you'd be right. Broadly. The farming community is conservative, always
has been, and that is partly because they are their
(01:23):
own masters they're hard workers, their self reliant, They're at
the cutting edge of the economy. They know how life works.
So national in this poll, get fifty four percent. Act
get nineteen. Here is where it gets interesting and or alarming.
New Zealand first, get eight. Only party with farmers at
about the same level that they are nationally Labor three
(01:46):
ding ding ding ding ding ding ding ding. How bad
is that, even with a margin of error, even with
a massive margin of era. Labour should be shocked at
that figure. Every party, of course, has their sweet spot.
I mean, some parties more overtly say so the Greens
who would vote for the Greens, while the Ants as
environmentalists or communists act serm up market urban liberals a
New Zealand first. A provincial number might be higher than
(02:08):
a city number for New Zealand first, but Labor National
as major parties should be by their very nature broad based.
After all, it is labor national and Labor National alone
that will lead any given government on any given day.
You have to at least have a half decent level
of support even in your weakest areas, don't you. Farming
is particularly important given where a farming nation, given the
(02:29):
foreign receipts we get from land. Given the value of
our free trade deals, to have a major party so
out of touch with such a large sector strikes me
as being astonishing, if not embarrassing, if not in fact
unheard of. My suspicion is the current version of labor
is particularly unpalatable, and this is going to be their
major issue next year for all voters, in fact, not
(02:49):
just farmers. The damage done to this country is still
fresh in most of our minds, no more so than
farmers climate obsession, special land area designation, three waters with
mari overreached, no gas, more paperwork. Farmers hated it, a
lot of us hated it. But in general polls, of course,
labour is still competitive on the land. They seem, according
to this to be pariahsed at three percent. Think about it.
(03:12):
That is a massive hill for Hopkins and Co. To
climb between now on October next year.
Speaker 3 (03:18):
Interestingly, somebody then text it and point out that there
are only forty thousand farmers out there, so maybe you
can't ignore them and get away with it. I don't
even know if that number is true. I could really
look now up. We wrap numbers, numbers everywhere today, We've
got tours of numbers, we've got migration numbers. Let's dig
(03:40):
down into those.
Speaker 2 (03:41):
Or Greg was a bit optimistic about tourism. I'm not
optimistic about tourism.
Speaker 3 (03:45):
I know.
Speaker 2 (03:45):
There was another announcement yesterday, so you can't blame the government.
So they're throwing some money at it, and I think
it's one of those things that you throw money at it,
it probably will bear fruit, certainly, hope so, but we
are nowhere near where we need to be now their
goal yesterday. So they've made several announcements. If you haven't
followed this, it's about thirteen and thirteen as a million.
(04:05):
One was really for Australia, ones for some of these
more far flung places that we want people to arrive at.
Currently we've got three point eight nine million. That's the
aim by twenty twenty six, and then they want to
eventually get to four point seven eight million. So I
mean that's exceedingly optimistic and they want to do that
by twenty thirty four. How they're going to do that
short of just saying we are open, we are open,
(04:26):
we are open, I don't know, because I think there's
no question that the world is traveling. We know that
for a fact, and places like Queenstown are doing particularly well,
and that's brilliant. I've got a poll on that, by
the way, in a couple of moments. But we've just
not been able to get back to where we were.
Then we have and these are all released at the
same time. The Business of the Migration numbers net migrations
(04:47):
down to twenty one thousand, three hundred. Now the big
worry slash question is if it keeps falling. And remember
the peak was about one hundred and thirty five thousand,
and most of us, I think, agreed that that was
too much. There's too many people coming to the country
at that point. That's a net gain. Remember, so it's
down now from one thirty five thousand to twenty one thousand.
(05:07):
The question is if it keeps falling, it'll get to zero.
If it keeps falling, it'll go into negative territory. In
other words, we will become a net exporter of people.
That is a disaster, and it's driven in part by
the lack of desire of people now to come to
the country. The people who wanted to come to the
country have come, so demand is falling. But the number
(05:28):
of people leaving doesn't appear to So the annual number
aright yesterday, seventy six hundred is a high, Yes, it
is what was the record nine hundred and seventy six,
so it's still running at pretty much record levels. And
the biggest numbers leaving, of course the citizens of New Zealand.
Next largest group is Chinese, Indians and people from the
(05:49):
United Kingdom, and the bulk of the New Zealanders leaving
are between the years of eighteen and thirty. It's the
same old story. The point being the same old story continues.
New Zealanders are up and off. So I don't know
that we can be that optimistic about that.
Speaker 3 (06:05):
Yes, so I don't know if people are coming. Are
they going? Sounds like they're going mostly and not coming.
It's very confusing rewrap. How can we fix tourism? Is
there a magic trick that will do it money good?
But is that the only thing that it takes?
Speaker 2 (06:23):
Very good point my tourism is not just the government
stickt in the money, coffer and hope the ideas work.
It's a complete national imput of positiveness, with the media
being included in this right down to the enthusiasm of
the entire workforce, from airline, airport workers to uber taxi
drivers to restaurant staff, and the list goes on. The
government will only help, it won't solve very good point.
Speaker 3 (06:45):
Difference between positiveness and positivity.
Speaker 2 (06:47):
Yeah, probably. I just got back from the UK for work.
Two things that stood out. We lack confidence. We have
become too passive, waiting for things to happen instead of
making them happen. Not to mention that maybe just maybe
we're too casual. What was an endearing quality could quite
possibly be holding us back, Alex Wold on you. But
having said that, look, I'm not defending New Zealand. I've
got im. It's down on this country as anybody at
(07:07):
the moment. There are some shoots and there are some
good stuff and we're all over that and we'll talk
about that after seven and seven thirty this morning. But
the attitude at the moment sucks and we need to
do something about it. But having read as much as
I do about what's happening internationally, you've just come back
from Britain. Britain is not really a show piece of
positivity and brilliance. I can tell you that for nothing.
Speaker 3 (07:30):
Yeah, so I think the key word there is positivity,
not absolutely not positiveness. I seem to have last the
efficacy battle. Effectiveness seems to have taken over there. It's
turning up in dictionaries and things now, and I'm not
happy about it. But please, I'm not gonna let you
(07:50):
have positiveness.
Speaker 2 (07:52):
So rewrap.
Speaker 3 (07:52):
Right time for another exciting episode of where in the
world is Adrian?
Speaker 2 (07:57):
Or hardly a surprise, really was it? Adrian looks at
what Nichol is offering to run the place packs of
sad and he's off. It's a pathetic end to a
tumultuous period in which we, the people who paid them,
deserve an awful lot better. The fact that this information
on the your resignation had to be dragged out of
the bank by way of the Official Information Act, the
rules of which were ignored as the bank failed to
meet deadlines, shows you just what sort of place we're
(08:18):
dealing with. How do you conduct yourself? And how you
conduct yourself is of course critical, It's critical for all
of us, even more critical the further up the totem pole.
You are nothing wrong with Adrian quitting if he genuinely
believed the money being offered to run the bank wasn't enough,
but you do it with some dignity. You quit, you
serve out your period, you offer reasons for you quitting,
and you move on with life. And doing it that
(08:39):
way you give us all an insight into what sort
of human being you are, and in this case you
might well have been able to give us an insight
into how your organization runs. What it's thinking is, what
is the gap between the bank and the government, what
you well, why you might be right, why they might
be wrong. Doesn't have to turn into a scrap or
fall out, just a series of bad old ideas as
to why people might see things at odds with each other.
(09:00):
If COVID taught us nothing else, it taught us the
critical role of a central bank and what sort of
people run it the way Adrian ran It is well documented,
of course, in the general view held by many as
widely traversed. But the sudden departure was another insight and
why Adrian did things the way he did. He's petulant.
You don't leave out of the blue like that, and
in silence, you don't bail on hosting an international finance
(09:21):
conference having said you were looking forward to it. It's
toys and sand pits, isn't it with Adrian? And then
offeruscation from the bank when a few simple questions were asked.
If you can't conduct yourself and the bank can't conduct
itself with any great level of clarity, transparency, transparency and professionalism,
is it any wonder the economy got run over the
way it did. He won't be missed old Adrian, but
(09:43):
you would have hoped for something a bit more sophisticated
on the way out.
Speaker 3 (09:47):
Doesn't help that. I don't really understand what the Reserve
Bank does. We did have a somebody claim a sighting
of him. Was it yesterday of the day for that?
They saw him having a bear at Commercial Bay? But
the footage was blary. It could have been the locknest monster,
all the sasquatch, the re rap we're going to finish
(10:07):
up here at the entrance to the Mediterranean. Is that
where Gibraltar is? I think that's where Gibraltar is.
Speaker 2 (10:13):
I referenced Gibraltar. So this is Starma. I can't work
out what Starma is trying to do. It's an anti
Brexit type thing. So he did that deal with the
Europeans the other day. He's done a deal with Gibraltar
overnight and what they call a fluid border. Now Gibraltar
is of course British until it isn't, which it doesn't
appear to be anymore because Gibraltar, as a result of
(10:35):
this deal, is now part of the Shingen border. And
so if you're a brit and you arrive in Gibraltar
at the airport, you're going to be handing over your
passport no longer to the British people, but to the
Spanish and the EU border guards. So he's seemingly handed
over the place to the Spanish and the EU, given
it was his yesterday. So I don't know what's going
on there.
Speaker 3 (10:54):
Yeah, weird, isn't it Gibraltar. It's only thirty eight thousand
people live there. Official language is English. You can tell.
I've just been with your fet hearing it.
Speaker 1 (11:05):
Yeah.
Speaker 3 (11:05):
All I know is that there's a rap and sort
of strategic importance. But other than that, I find it.
Had to get it too excited about your brother, I
am Glen hat. Hopefully you were more excited about it
than I was. The podcast generally, and we'll get back
for more crazy exciting like that tomorrow.
Speaker 1 (11:25):
See for more from News Talk st 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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