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Speaker 1 (00:09):
You're listening to a podcast from News Talk said be
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The Rewrap.
Speaker 2 (00:26):
Okay there and welcome to the rewrap for Monday, all
the best bits from the mic hosting breakfast on news Talks.
He'd be in a sillier package. I am Glen Hart today,
Winston Peters, how's he doing? Like? Is he performing?
Speaker 1 (00:41):
Well?
Speaker 2 (00:42):
We love him? Where's he at? Acc? Where is that at?
What's it for? Exactly? Juneteenth and the US? While it
was Martoiki here? What are those for? Those holidays? And
we'll finish up with the warriors because although they last,
Mike Stalk did have something to say about him this morning,
(01:03):
which is unusual. But before any of that, so the
GDP was actually a tiny bit better than everybody thought
it was going to be, which pots the question, what's
that gred about?
Speaker 3 (01:13):
Australia, friend of ours opened a new business last week,
soft opening, full steam ahead by the score holidays, he
tells us, so far he's going gangbusters, a lot of
local support. Looks a good news story to my eye.
Speaker 1 (01:24):
He is.
Speaker 3 (01:24):
However, if you believe the headlines, the headlines that have
been supplied by his industry association in very dark and
difficult days. They don't look difficult at his place. I
can tell you that for nothing. The GDP figures came
out as we're away for the long weekend. Of course
you missed that zero point eight for Q one. Reserve
Bank thought it would be zero point four. Most banks
thought it would be zero point seven. The reality was
(01:46):
better than everybody thought. Nick Toughly, asb's headman on economics,
he was also on the show Thursday, told us he
still had growth for the second quarter April May June,
so just gone. He edited at zero point three zero
point four. So other commentary last week though from the
Manufacturing and Services Sidward hit a brick wall. If Nick
(02:06):
is right, there's no BRICKWALLQ one was not zero point four,
It was zero point eight. The point is this, is
it possible. We're in such a funk we don't want
to see reality. You know what else I read? Australia,
the repository of so many disillusioned New Zealanders is now
losing more people than it has since COVID. A mass
exodus is on in Australia. What people are bailing out
(02:29):
of Australia. Healthcare is crike. You can't get seen, government
sinking in debt. House prices have spiked past an average
of a million dollars everywhere. More people than ever since
records began are working multiple jobs just to make ends.
Make This is Australia, the golden answer for the miserable
key were looking for better. Maybe better is here. Maybe
in a turbulent, troubled world, the land of the long
(02:51):
white cloud is actually coming right. And people like our
mate and his new business sees it, and a lot
of what's in front of us is attitude. Is there
trouble in some areas well? Of course there is are
their issues still unresolval, of course, But do we have
growth and prospect? Yes we do. Do the numbers back
that up? And do they do? Maybe the grass is
in fact nice and just as green. You just gotta
(03:11):
want to see it.
Speaker 2 (03:13):
For what I've seen, they don't actually have grass in
a lot of places in Australia where the kettle farms
have to be extraordinarily large, so the cow has got
something to eat. And as I've always pointed out, the
main problem with moving to Australia, of course, is that
it is mostly full of Australians.
Speaker 3 (03:28):
It's the rewrap and mean.
Speaker 2 (03:29):
I feel that's sorry for Wiston Peters. As Foreign Minister,
he is to keep dealing with them.
Speaker 3 (03:32):
Of course, Mike, I don't understand why anyone would choose
to live in politically unstable countries. But Winston's final comment
proved exactly why he solid gold as a foreign ministry
seriously unmatched. I tend to agree, and I've seen this before.
I'm a fan of Winston and he performs particularly well
in the foreign foreign portfolio. And it might be just
let me join a couple of dots here and suggest
this to you and see what you think. If you
(03:54):
look at the poles of which they've been three or
four in the last couple of weeks, and they've been
all over the place. There's a couple of themes. One
theme is the government hasn't changed, so the government stays.
They win the election at the poll was right too.
Some have Labor up, some have National downs, some have
Hepkins up, some have lux and down. But the consistent
apart from the fact that the government doesn't change is
(04:16):
Peter's is up. New Zealand first is up, not by
a lot. They're still a minor party, but they're sitting
at about eight, while others like Act and the Mari
Party and stuff are all over the place. Depending on
what pole you're looking at, there is a consistency if
you look at them, every single pole had New Zealand
first up. And I just wonder if there's just an
element of the Winston's stability in the Foreign department, the
Shane Jones and the headline I'm make Drilling Great Again thing,
(04:40):
and we like a bit of humor, and there just
might be for some New Zealand is a little bit
of electoral magic there.
Speaker 2 (04:46):
Ah. It makes me a bit nervous because it's not
the Winston Party that you're voting for. I mean, it's
sort of airs. But there's a whole other bunch of
people as well, and as we've learned in the past,
sometimes we found out that some of those people aren't
quite up to snuff and we weren't quite expecting them
to turn up. They just be careful what you vote for,
That's all I'm saying. Wraps right, So acc versus Mike Hosking,
(05:11):
it's a bit of a full relationship. I think it's
fair to.
Speaker 3 (05:14):
Say ACC if you didn't know, it's in some fiscal trouble. Again,
this isn't new. ACC has been in trouble for many,
many years. Last year, one point six million of us
managed to do something to ourselves which involved money four
and a half billion dollars worth. That's just rehab by
the way, four and a half billion. The total bill
is seven billion dollars. It's an astonishing amount of money.
And the problem is what we pay doesn't cover what
(05:36):
goes out. ACC run a scheme whereby money is invested
in the hope that returns offset the bills. I personally
pay thousands of dollars a year and have done so
for decades to this day. I've never claimed assent. The
original idea was a no fault scheme. This as opposed
to a US style scheme whereby we lay blame and
get lawyers. Sixteen thousand people did something to themselves in
the garden last year and claimed millions. Previously, physio has
(05:57):
been an issue where does physio start? And stoppell? Who
would know? But let's have another three sessions while we decide.
Shall we go to any doctor with anything that hurts
in the first thing they do is start tapping away
on an acc claim. Like most of these altruistic ideas,
somewhere along the way we lost the plot. It might
be we need to tidy this whole thing up foolishly. Perhaps.
I've always seen a SEC as work related. If you
(06:20):
injure yourself and can't work, that's its value, not if
you cut your finger pruning hydrangers. We had a family
member who was off work for months, I think too
many months. They wouldn't let him back. I mean, he
wanted to go back, but they kept saying, oh, just
in case. I wonder if there's too much just in
case going on the risk payments, they seem to work
to a degree. I mean forty percent of the payouts
(06:40):
are in construction, manufacturing, agriculture, fishing, as sort of place
as you'd expect. I pay as a journalist, even though
I'm not a journalist, but they can't work out what
I am or how to charge me. And part of
that journalist. By the way, the premium is the risk
of going to a war zone. I can tell you
journalists generally in New Zealand don't go to war zones anyway.
One point six million with two million claims and an
(07:03):
all up cost of seven billion dollars in barely over
two years. Do the maths extrapolate them out and bellio
two years? Basically, every single one of us is going
to claim that's not right, it's not normal, and it's
why they can't pay their way. The system doesn't work.
Speaker 2 (07:16):
I must admit I've always thought it's a bit strange
that you don't have to pay if what's happened to
you as an accident, but if you just get like cancer,
then you do. That's always seemed a little bit unfear
to me. And as we were talking about last week,
definitely people who voluntarily participate in high risk activities like
(07:39):
sport like you know, mountain climbing, you know, anything like that, Yeah,
I think you shouldn't be allowed it because that's just
an accident waiting to happen at that point, isn't it rewrapped? Right?
(08:03):
So the other thing that happened over the weekend in America,
and when I say the other thing, obviously you know
there's the whole bombing Iran with Bunker Busters, which I
really loves saying Operation Midnight Hammer, which is definitely not
called that to compensate for something yeah, why that was
(08:28):
happening was also Juneteenth, I believe.
Speaker 3 (08:30):
As we come off the back of Martin Riqui, I
note that Trump yesterday was complaining about Juneteenth, which they
celebrated Friday our time Thursday at their time. Too many
non working holidays in America. It's costing our country billions
of dollars to keep all these businesses closed. The workers
don't want them either. I'm not really sure how many
workers he actually asked, but it's one of those things
once you get it, I mean, what was martinriki about,
for goodness sake, apart from the day off. But once
(08:52):
you get it, you're going back. No, you're not.
Speaker 2 (08:54):
Why Mike has got such a problem with Martyrichi. None
of the holidays have very good reasons for being there,
and as far as I can tell, I mean what
you've got. We sellbrate the birthday of a king that
most of us don't want to be the king of us.
(09:14):
And it's not even as birthday. We celebrate the forty
hour week, which how do any of us do? And
that's another one. Then there's the one I really like
is all those days you get off for the person
who died and then amazingly came back to life three
days later. That's that's another reason that we have a
(09:38):
holiday as well. Don't forget so, you know, don't it matter,
because the worst reason is it rerat Now, if you
are keen listeners to the show, you'll know that every
weekend the Warriors win, Mike kicks off the show with
a you know, this is our year kind of a
new editorial, and then those editorials are conspicuous by their
(10:01):
absence on the weekends with the Warriors don't win. So
there's been more of those on a Monday morning than
there haven't been this year, which is great. But he
did actually have something to say this time, even though
this time they didn't.
Speaker 3 (10:14):
Mike missed the last summary this morning is it's still
our year. Don't be facetious. Yes it is.
Speaker 1 (10:19):
So.
Speaker 3 (10:20):
The game on Saturday night afternoon I thought was not
a bad game. It was high quality game. And you've
got to remember when it comes to Penrith, Penrith are
not what they were last year. They should be, but
no one can quite explain why they're not, including Ibn Cleary. Nevertheless,
they played well because they're a good side and the
other sort of side we need to watch. The other
thing you've got to remember, given how well we've been doing,
(10:40):
is inevitably, in a very long season, we're going to
lose a game. We lost a game, wasn't the end
of the world. I didn't think we played particularly badly.
I am worried about the injuries, at least one of
which looks to be a bit long term, so I'm
worried about that, But apart from that, I'm not worried
about the overall season. The season doesn't now sort of,
It's not like the old days. You've got to adjust
your thinking around this. We are a good side, a
(11:01):
good competitive side. We can week out. We are going
to the playoffs. We will be top four. The fact
you win and lose a couple along the way is
neither here nor there. If you look at the top
four of the table, there's a six point gap now
between the top four and the rest of the field.
You've got four really good sides, of which we are one,
and the fact we lost over the weekend really doesn't
(11:22):
make that much difference. We'll lose again before the end
of the season. Don't panic about it. Stop being a
fly by night, be consistent for goodness say, and by
the way, one of them, I think it's the Raiders
have played one more than us anyway, so we're probably
second according to the Mike Hosking you know way of
counting the NRL letter.
Speaker 2 (11:38):
Yeah, due to a series of unfortunate events, there was
a silver lining. My weekend didn't go according to plan,
but it did mean that suddenly I was at a
loose end on Saturday evening, so I was able to
watch both the Warriors in full, followed by my beloved
Chiefs unfortunately also in full, and both games had a
(12:03):
bit of a similar tinge to them that they were
a bit more boring, and I was hoping for at
be the teams I wanted to win didn't and see
because they didn't do some of the things that they
had been doing up until that point. So yeah, it
was a bit of a shame that the one time
I actually get to sit down and watch, you know,
(12:24):
a prolonged period of sport wasn't actually that enjoyable. At
least the pizza was nice. I am Glen Hart. That
was the rewrap. We'll be back with more of this tomorrow,
I mean, probably won't be talking about watching sport because
I don't intend to watch anything today.
Speaker 1 (12:50):
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