June 17, 2025 • 12 mins
THE BEST BITS IN A SILLIER PACKAGE (from Wednesday's Mike Hosking Breakfast) Something's Not Right Here/What's Behind the Bans?/How Humiliating/Have I Just Been Fired?
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Speaker 1 (00:09):
You're listening to a podcast from News Talk sed B.
Follow this and our wide range of podcasts now on
iHeartRadio The rewrap O.
Speaker 2 (00:25):
Good there, Welcome to the rewrap for Wednesday. All the
best bits from the mic asking, breakfast and a silly
a package and Glen Hart Today, food prices are up, up, up.
The trump banded Country's list raises a few eyebrows. He
stood up elbow at the G seven and Mike throws
(00:49):
a few barbs at Radio New Zealand and I think
I catch some flack on the way there as well.
We'll find out. For first, Yeah, the economy, Mike's sort
of doing a multi part what do you call it?
A dissertation? Ba's the word I was before on the
(01:09):
economy this week today it was about the cost of living.
Speaker 3 (01:12):
Right for day three, let's deal with the economy. Two
things happened to me yesterday. The food price inflation. Will
that happen to us all? Of course? The food price inflation.
It is not contained now. Why it's increasing beyond broad
inflation is a many invaried thing. And the upside of
these numbers is we can control them to a degree.
Think about it. You don't have to buy chocolate. Given
cocos through the roof, you don't have to buy butter
(01:34):
or a lot of dairy are veggies I noted up
this is seasonal seasonal fruit and veggies, though generally a
reasonably priced water though, which was the second thing, is
not a luxury. Our bill arrived yesterday, yet again the
price is going up, this time over seven percent. It's
like the rates, it's like electricity. They're all going up,
and they're all going up beyond the band of inflation. Now,
the trouble with this is several fault. Firstly, it is
(01:55):
in and of itself inflationary, and it isn't productive. In
other words, we are no better off. I still use
the same water, it just cost more. Normally or ideally,
what you want is more stuff done to produce the
income to afford the bill. So the cost of living
is going up three percent and your income is going
up five percent. Where okay, we're ahead of the curve.
This sadly is not happening. So we have most likely
(02:17):
no growth driving the economy at the moment, and yet
we have increasing costs to operate that non productive economy
that my friends, is called stagflation. So Can we control
Israel attacking Iran and the oil price spiking.
Speaker 2 (02:29):
No?
Speaker 3 (02:29):
Can we control the cost of shipping through troubled Middle
Eastern waters? No? But can we control to some degree
this incessant cost plus accounting that's going on domestically by
people who got the taste of price increases during COVID
and basically never stopped. Well, you would hope so, because
this is a government thing, a central government thing, especially
given a lot of these businesses, whether the power companies
(02:50):
or water agencies or councils, have a major central government input.
If the banks were right yesterday upon the release of
the services sected numbers when they said this was an
economy in recession, again, price rises in food and water
aren't helping. What is becoming an alarmingly large hole.
Speaker 2 (03:07):
Nothing worse than an alarmingly large hole. Yeah, the whole
the price of things being expensive because we sell them
to overseas. Never still can't get my head around there,
and many of our listeners can't either.
Speaker 3 (03:27):
Rewrap.
Speaker 1 (03:28):
Many of our.
Speaker 2 (03:29):
Listeners and me, in fact, are interested in the price
of butter.
Speaker 3 (03:33):
For example, Mike just back from Hawaii can buy butter
at five cents. It's the usual text, stop texting me
this stuff that we've already discovered. Cost Co sell butter
as a lost leader. They sell butter at a lost leader.
They don't make money on butter, so it's got nothing
to do. As for the subsidization on international marketing and freight, fine,
(03:54):
who would you want to pay it? Because the bill's
not that, the bill hasn't gone anywhere. Who would you
pay it? Who shall pay it? So you'll go, well,
what about the person in Britain is buying the butter
fair enough? So if you suddenly stack costs on them,
they're not going to buy as much butter as that
what you want for the country. There's no escaping this.
I'm not saying it's right or wrong, black or white,
good or bad. All I'm saying is business is business.
(04:15):
If you produce something for a dollar and you can
sell it for a dollar, if you want it for
fifty cents, somebody has to pay the difference. And until
you can crack that particular piece of economic magic, things
will continue the way they are now.
Speaker 2 (04:29):
I know I sound like I'm flogging a dead horse
here and going on and on and on about it,
but I still don't understand why why? So the explanation is,
it's better for the economy if we can sell better
(04:49):
at a certain price and sell lots of it. Why
is that better for me personally? That's what That's the
bat that I just don't quite get. I'm missing something
somewhere re wrap. Still, at least I can still travel
to America to which, of course I don't.
Speaker 3 (05:10):
I might have missed this and I'm not sure, but
I've been looking into it, and I can't give you
an explanation. So originally Trump banned nationals from twelve countries, right,
he also put in partial restrictions for another seven. State
Department is currently looking at thirty six more. Now what's
interesting about that is then some of them, you go, oh, yeah,
I get that, Angola, Cambodia, Cameroon, Cape Burda, Democratic Republic
(05:35):
of Congo, Ethiopia, Egypt, Gambia, Ghana, Kazakhstan, Liberia, Malawi. But
then we've got a couple of locals here, Tonga, Tuvalu
and Vanuatu. Now why and I was trying to think
of Astralia. I can't find an explanation for it. Could
it be the link? Potentially? In his mind the administration's
mind or versus the real to China. Is that what
(05:58):
that's about? Now they've got sixty days to do whatever
it is the Americans want to convince the Americans they're safe.
But imagine the implications for this part of the world
if people from Tonga to Value and Bannowatwo can no
longer go to the United States of America.
Speaker 2 (06:13):
Could it be they've got too many penguins there? When
you mean it's a stupid thing to say they have.
Can you not get pinguins in tropical countries? There must
be some kind of weird tropical penguin that prefers it
a bit warm and not so icy, isn't there.
Speaker 1 (06:30):
Is not?
Speaker 2 (06:31):
All right, let's move on rewrap. So yeah, all eyes
have been on the G seven. Of course, for some
reason people were hoping that they might be able to
solve all the world's problems. There. Doesn't help when the
guy who's kind of in charge of it decides to
leave early again.
Speaker 3 (06:52):
But the big thing yesterday in Australia with Trump leaving
the G seven early was the Elbow meeting was off.
Just like that, it was off. And you cannot underestimate
the amount of angst and coverage that went into that
meeting over a period of months, pretty much since Trump arrived.
It started to get embarrassing for Elbow in the sense
(07:12):
that a lot of leaders have wandered through the White
House and sat on those yellow chairs, except Elbow hasn't.
And Australia is one of America's biggest trading partners, it's
one of the Five Eyes countries, it's part of haucas
and yet still Elbanzi had not been invited to the
White House, and so that started to get embarrassing. The
broad sense was not that they ever admitted it, that
(07:36):
Elbow's a bit pro Chinese for the American view of things.
So finally they got this thing sorted out at the
G seven, and then of course all hell broke loose
in terms of wars and China and the Middle East
in Iran and whose side everybody was on, and then
the steel and tariffs, and so it was going to
be this awkward tightrope, and they built it up and
built it up and built it up and built it up,
(07:57):
and it was the most quote unquote the most important
meeting of Elbanesi's life. So onto the three point fifty
he gets to fly to Canada Lands and Trump goes
got to go by and that was the end of that.
So the question question is when does Elbow get to
meet Trump?
Speaker 2 (08:17):
Ah? So humiliating when you lined up a big date
and also you've told everybody about it as well, and
then it gets to that.
Speaker 1 (08:26):
Ah the shame.
Speaker 2 (08:29):
I mean stood Lensky as well. I don't know why
he had two dates. It's like one of those sitcoms,
you know, yeah, excellentally go on two dates and your
book two dates, and then you have booked them at
for the adjacent restaurant, so you can go from one
restaurant to another. I'm sure that's happened on more than
(08:49):
one scom. I don't know whether it's happened at more
than one G seven A rewrap Right, we're going to
finish up yeah on Radio New Zealand. I don't mean
we're actually going to be on Radio New Zealand. I
just mean we're going to be talking about it now.
Speaker 3 (09:01):
Perhaps the most startling thing of the news yesterday that
our old mates at the State Radio Broadcast have opened
a voluntary redund program is that they've never done that
before one hundred years. They've been doing the business at
Radio New Zealand one hundred years never had a voluntary redundancy.
Tells you something about how insulated the real world from
the real world they are, mind you, I don't even
know that's true actually, because Radio New Zealand used to
(09:23):
be a whole different beast and miorly days of broadcasting
Radio New Zealand and compassed commercial and non commercial radio stations,
and there was I can tell you from a personal experience,
no shortage of carnage. Fiscally. The place was run by
halfwits and we were permanently in a state of flux,
if not carnage. The most famous might have been a
thing called Project Arara, where we allegedly all took pay cuts.
That was a scandal in and of itself. So it's
(09:44):
not like the media hasn't seen tricky days. And I
think that's the ultimate point here, isn't it. There's a
tremendous amount of coverage of the media, too much, really,
And if I can be a little bit blunt, a
lot of the tough stuff in the industry is no
more upsetting than the dark days for any number of industries.
You can try a construction and hospital at the moment. Also,
and this applies to radio and New Zealand. If you
live in a false world, it will catch up with
(10:05):
you eventually. Yes, media, like a lot of in is changing,
but then it always has. Forty four years in accounting
for me, I can tell your media has been in
a constant state of change, if not upheaval. It's all
I've ever known. No, it wasn't always Google or Facebook
nicking the ad money, but it was video or TV,
or deregulation of licenses or rubbish management. Having worked at
(10:28):
morning and report myself, you've never seen such a sheltered
workshop of lavish staffing and indulgence. They enter the Radio
Awards every year and apart from not winning, the joke
in the industry is the number of producers they've got
nineteen nineteen. I think we counted as a record here series.
For contrast, this show, which one wins and two has
more listeners, has three, and that includes Glenn, which is
(10:50):
debatable as to whether we should include them at all.
I wish no one ill will. Don't get me wrong,
I wish no one ill will. I wish boon times
prevailed across the whole landscape, but equally, I wish people
lived in the real world and Willie Jackson handing out
tens of millions as irresponsible politics not a business plan.
WILLI and his zilk as always never paid the price
for the poor sap who took the New Radio New
(11:11):
Zealand job. Will The money that pays for jobs is
either earned or it's given. If it's given, it's always
on a whim, in this case a political one. It
is not their fault that Willy is an idiot.
Speaker 2 (11:22):
So as you might have thought, I took exception to
Mike saying this.
Speaker 3 (11:27):
And that includes Glenn, which is debatable as to whether
we should include him at all.
Speaker 2 (11:30):
Not because it's not a good point. It's a fantastic point.
I don't mean I don't know what I'm doing here.
But now he's drawing attention to the fact that I'm here,
and somebody's going to realize that there is no reason
for me to be here, so effectively he's fired me
just like that. So I may or may not be
here tomorrow. Means how many people were listening, and as
(11:52):
he was just saying, quite a few people are listening.
Maybe I'll see you tomorrow. Maybe I won't.
Speaker 1 (12:07):
For more from News Talk said 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 sed B.
Follow this and our wide range of podcasts now on
iHeartRadio The rewrap O.
Speaker 2 (00:25):
Good there, Welcome to the rewrap for Wednesday. All the
best bits from the mic asking, breakfast and a silly
a package and Glen Hart Today, food prices are up, up, up.
The trump banded Country's list raises a few eyebrows. He
stood up elbow at the G seven and Mike throws
(00:49):
a few barbs at Radio New Zealand and I think
I catch some flack on the way there as well.
We'll find out. For first, Yeah, the economy, Mike's sort
of doing a multi part what do you call it?
A dissertation? Ba's the word I was before on the
(01:09):
economy this week today it was about the cost of living.
Speaker 3 (01:12):
Right for day three, let's deal with the economy. Two
things happened to me yesterday. The food price inflation. Will
that happen to us all? Of course? The food price inflation.
It is not contained now. Why it's increasing beyond broad
inflation is a many invaried thing. And the upside of
these numbers is we can control them to a degree.
Think about it. You don't have to buy chocolate. Given
cocos through the roof, you don't have to buy butter
(01:34):
or a lot of dairy are veggies I noted up
this is seasonal seasonal fruit and veggies, though generally a
reasonably priced water though, which was the second thing, is
not a luxury. Our bill arrived yesterday, yet again the
price is going up, this time over seven percent. It's
like the rates, it's like electricity. They're all going up,
and they're all going up beyond the band of inflation. Now,
the trouble with this is several fault. Firstly, it is
(01:55):
in and of itself inflationary, and it isn't productive. In
other words, we are no better off. I still use
the same water, it just cost more. Normally or ideally,
what you want is more stuff done to produce the
income to afford the bill. So the cost of living
is going up three percent and your income is going
up five percent. Where okay, we're ahead of the curve.
This sadly is not happening. So we have most likely
(02:17):
no growth driving the economy at the moment, and yet
we have increasing costs to operate that non productive economy
that my friends, is called stagflation. So Can we control
Israel attacking Iran and the oil price spiking.
Speaker 2 (02:29):
No?
Speaker 3 (02:29):
Can we control the cost of shipping through troubled Middle
Eastern waters? No? But can we control to some degree
this incessant cost plus accounting that's going on domestically by
people who got the taste of price increases during COVID
and basically never stopped. Well, you would hope so, because
this is a government thing, a central government thing, especially
given a lot of these businesses, whether the power companies
(02:50):
or water agencies or councils, have a major central government input.
If the banks were right yesterday upon the release of
the services sected numbers when they said this was an
economy in recession, again, price rises in food and water
aren't helping. What is becoming an alarmingly large hole.
Speaker 2 (03:07):
Nothing worse than an alarmingly large hole. Yeah, the whole
the price of things being expensive because we sell them
to overseas. Never still can't get my head around there,
and many of our listeners can't either.
Speaker 3 (03:27):
Rewrap.
Speaker 1 (03:28):
Many of our.
Speaker 2 (03:29):
Listeners and me, in fact, are interested in the price
of butter.
Speaker 3 (03:33):
For example, Mike just back from Hawaii can buy butter
at five cents. It's the usual text, stop texting me
this stuff that we've already discovered. Cost Co sell butter
as a lost leader. They sell butter at a lost leader.
They don't make money on butter, so it's got nothing
to do. As for the subsidization on international marketing and freight, fine,
(03:54):
who would you want to pay it? Because the bill's
not that, the bill hasn't gone anywhere. Who would you
pay it? Who shall pay it? So you'll go, well,
what about the person in Britain is buying the butter
fair enough? So if you suddenly stack costs on them,
they're not going to buy as much butter as that
what you want for the country. There's no escaping this.
I'm not saying it's right or wrong, black or white,
good or bad. All I'm saying is business is business.
(04:15):
If you produce something for a dollar and you can
sell it for a dollar, if you want it for
fifty cents, somebody has to pay the difference. And until
you can crack that particular piece of economic magic, things
will continue the way they are now.
Speaker 2 (04:29):
I know I sound like I'm flogging a dead horse
here and going on and on and on about it,
but I still don't understand why why? So the explanation is,
it's better for the economy if we can sell better
(04:49):
at a certain price and sell lots of it. Why
is that better for me personally? That's what That's the
bat that I just don't quite get. I'm missing something
somewhere re wrap. Still, at least I can still travel
to America to which, of course I don't.
Speaker 3 (05:10):
I might have missed this and I'm not sure, but
I've been looking into it, and I can't give you
an explanation. So originally Trump banned nationals from twelve countries, right,
he also put in partial restrictions for another seven. State
Department is currently looking at thirty six more. Now what's
interesting about that is then some of them, you go, oh, yeah,
I get that, Angola, Cambodia, Cameroon, Cape Burda, Democratic Republic
(05:35):
of Congo, Ethiopia, Egypt, Gambia, Ghana, Kazakhstan, Liberia, Malawi. But
then we've got a couple of locals here, Tonga, Tuvalu
and Vanuatu. Now why and I was trying to think
of Astralia. I can't find an explanation for it. Could
it be the link? Potentially? In his mind the administration's
mind or versus the real to China. Is that what
(05:58):
that's about? Now they've got sixty days to do whatever
it is the Americans want to convince the Americans they're safe.
But imagine the implications for this part of the world
if people from Tonga to Value and Bannowatwo can no
longer go to the United States of America.
Speaker 2 (06:13):
Could it be they've got too many penguins there? When
you mean it's a stupid thing to say they have.
Can you not get pinguins in tropical countries? There must
be some kind of weird tropical penguin that prefers it
a bit warm and not so icy, isn't there.
Speaker 1 (06:30):
Is not?
Speaker 2 (06:31):
All right, let's move on rewrap. So yeah, all eyes
have been on the G seven. Of course, for some
reason people were hoping that they might be able to
solve all the world's problems. There. Doesn't help when the
guy who's kind of in charge of it decides to
leave early again.
Speaker 3 (06:52):
But the big thing yesterday in Australia with Trump leaving
the G seven early was the Elbow meeting was off.
Just like that, it was off. And you cannot underestimate
the amount of angst and coverage that went into that
meeting over a period of months, pretty much since Trump arrived.
It started to get embarrassing for Elbow in the sense
(07:12):
that a lot of leaders have wandered through the White
House and sat on those yellow chairs, except Elbow hasn't.
And Australia is one of America's biggest trading partners, it's
one of the Five Eyes countries, it's part of haucas
and yet still Elbanzi had not been invited to the
White House, and so that started to get embarrassing. The
broad sense was not that they ever admitted it, that
(07:36):
Elbow's a bit pro Chinese for the American view of things.
So finally they got this thing sorted out at the
G seven, and then of course all hell broke loose
in terms of wars and China and the Middle East
in Iran and whose side everybody was on, and then
the steel and tariffs, and so it was going to
be this awkward tightrope, and they built it up and
built it up and built it up and built it up,
(07:57):
and it was the most quote unquote the most important
meeting of Elbanesi's life. So onto the three point fifty
he gets to fly to Canada Lands and Trump goes
got to go by and that was the end of that.
So the question question is when does Elbow get to
meet Trump?
Speaker 2 (08:17):
Ah? So humiliating when you lined up a big date
and also you've told everybody about it as well, and
then it gets to that.
Speaker 1 (08:26):
Ah the shame.
Speaker 2 (08:29):
I mean stood Lensky as well. I don't know why
he had two dates. It's like one of those sitcoms,
you know, yeah, excellentally go on two dates and your
book two dates, and then you have booked them at
for the adjacent restaurant, so you can go from one
restaurant to another. I'm sure that's happened on more than
(08:49):
one scom. I don't know whether it's happened at more
than one G seven A rewrap Right, we're going to
finish up yeah on Radio New Zealand. I don't mean
we're actually going to be on Radio New Zealand. I
just mean we're going to be talking about it now.
Speaker 3 (09:01):
Perhaps the most startling thing of the news yesterday that
our old mates at the State Radio Broadcast have opened
a voluntary redund program is that they've never done that
before one hundred years. They've been doing the business at
Radio New Zealand one hundred years never had a voluntary redundancy.
Tells you something about how insulated the real world from
the real world they are, mind you, I don't even
know that's true actually, because Radio New Zealand used to
(09:23):
be a whole different beast and miorly days of broadcasting
Radio New Zealand and compassed commercial and non commercial radio stations,
and there was I can tell you from a personal experience,
no shortage of carnage. Fiscally. The place was run by
halfwits and we were permanently in a state of flux,
if not carnage. The most famous might have been a
thing called Project Arara, where we allegedly all took pay cuts.
That was a scandal in and of itself. So it's
(09:44):
not like the media hasn't seen tricky days. And I
think that's the ultimate point here, isn't it. There's a
tremendous amount of coverage of the media, too much, really,
And if I can be a little bit blunt, a
lot of the tough stuff in the industry is no
more upsetting than the dark days for any number of industries.
You can try a construction and hospital at the moment. Also,
and this applies to radio and New Zealand. If you
live in a false world, it will catch up with
(10:05):
you eventually. Yes, media, like a lot of in is changing,
but then it always has. Forty four years in accounting
for me, I can tell your media has been in
a constant state of change, if not upheaval. It's all
I've ever known. No, it wasn't always Google or Facebook
nicking the ad money, but it was video or TV,
or deregulation of licenses or rubbish management. Having worked at
(10:28):
morning and report myself, you've never seen such a sheltered
workshop of lavish staffing and indulgence. They enter the Radio
Awards every year and apart from not winning, the joke
in the industry is the number of producers they've got
nineteen nineteen. I think we counted as a record here series.
For contrast, this show, which one wins and two has
more listeners, has three, and that includes Glenn, which is
(10:50):
debatable as to whether we should include them at all.
I wish no one ill will. Don't get me wrong,
I wish no one ill will. I wish boon times
prevailed across the whole landscape, but equally, I wish people
lived in the real world and Willie Jackson handing out
tens of millions as irresponsible politics not a business plan.
WILLI and his zilk as always never paid the price
for the poor sap who took the New Radio New
(11:11):
Zealand job. Will The money that pays for jobs is
either earned or it's given. If it's given, it's always
on a whim, in this case a political one. It
is not their fault that Willy is an idiot.
Speaker 2 (11:22):
So as you might have thought, I took exception to
Mike saying this.
Speaker 3 (11:27):
And that includes Glenn, which is debatable as to whether
we should include him at all.
Speaker 2 (11:30):
Not because it's not a good point. It's a fantastic point.
I don't mean I don't know what I'm doing here.
But now he's drawing attention to the fact that I'm here,
and somebody's going to realize that there is no reason
for me to be here, so effectively he's fired me
just like that. So I may or may not be
here tomorrow. Means how many people were listening, and as
(11:52):
he was just saying, quite a few people are listening.
Maybe I'll see you tomorrow. Maybe I won't.
Speaker 1 (12:07):
For more from News Talk said 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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