Episode Transcript
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Speaker 1 (00:09):
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Speaker 2 (00:24):
Rewrap.
Speaker 3 (00:25):
Okay there, welcome to the Rewrap for Thursday.
Speaker 4 (00:28):
All the best that's from the micro Hosking Breakfast on
newsdalgs d be in a sillier package. I am then
half and it's being hosted by Heather at the moment
because the Hostcual is on holiday. She wants to talk
about a price. Well, somebody wants to talk about a price,
will find out who shortly. A little bit more on
the airport security changes that could be coming to an
airport near you, Wimbledon Aire, more failures there, and the
(00:53):
latest Galaxy Unpacked event. What's what's the latest cool holding
phone for you? But before any of that, so yeah,
the state of the economy in the wake of the
ocr which some people wanted to be lowered, that was
kept the same.
Speaker 5 (01:10):
Heather Morning, Nikola Willison instead of wasting time on supermarkets
and Fonterra may want to look at the price gouging
of our infamous fuel industry, et cetera. It's Jules fairpoint.
Do you know what I would much rather rather than
having a crack at Fonterra, having a crack at the supermarkets,
having a crack at the banks, all of which is
going to lead to absolutely nothing, because, as I said,
it's just performance. Rather than doing all of that, how
(01:32):
about focusing on the economy, because if there's one thing
that you got from the ocr yesterday, if you read
what the Reserve Bank has said, it is very clear
that they are worried about what's going on with the
economy at the minute is just failing to fire. They said.
The thing that they are most worried about is it
would appear is that because it's slowed down, we are
going to start putting our money away and getting worried
about it, and it will just exacerbate that. Some members
(01:54):
highlighted that prolonged economic uncertainty might induce further precautionary behavior
by households and firms. Such actions risk becoming mutually reinforcing
and weighing on aggregate demand, slowing the economic recovery. The
recent weaker than expected higher FREAK and SEE indicators, so
basically the recent dip that we've seen in the economic
activity could be consistent with this. So possibly we are
(02:14):
already starting to get cautious and put our money away
and not spend money because we're worried about what the
heck is happening and what it means for our jobs.
This is, as I said earlier to Andrew when I
was talking to him up to now. Maybe if you're
being super careful, really kind, magnanimous, you could have said
small labour's fault, and it predominantly is. But it has
been now more than eighteen months, and I would argue
(02:36):
that at this point this government needs to start taking
responsibility for the fact that the economies in the state
that it is.
Speaker 3 (02:42):
What have they done?
Speaker 5 (02:44):
What have they done to make this better?
Speaker 3 (02:46):
I'm just trying to think you could drive one hundred
and ten k's an hour on some of the roads.
Does that help rewrap?
Speaker 4 (02:55):
The really weird thing is that there is actually no
butter price discrepancy or disparity between us and the Aussies.
Speaker 5 (03:03):
Here is your butter prices. So Woolworth's in New Zealand
is selling butter for it looks like eight dollars fifty
and as the Finance Minister said before, Coals in Australia
is selling butter for seven dollars fifty.
Speaker 4 (03:14):
Why on Earth.
Speaker 5 (03:14):
Are they getting it cheaper than we are? Well, couple
of things. First of all, they don't pay any tax,
any VAT on their butter in Australia, so we do.
Of course, we pay fifteen percent GST. So we'll take
that off for a straight comparison. Right, So coals are
seven dollars fifty, we take our GST off now we're
paying it will worth seven dollars forty. So who's getting
(03:35):
it cheaper?
Speaker 4 (03:35):
Now?
Speaker 5 (03:36):
Tax is the problem there? But then also don't forget
you have to adjust for currency. So now you adjust
for the Australian price. Coal's butter in New Zealand dollars
is now costing eight dollars twenty and the Woolworth's butter
in New Zealand is costing seven dollars forty. Straight comparison
with the tax off and with the currency in this,
who's getting the better deal? Now we are seven dollars
(03:56):
forty versus there eight dollars twenty. Now you don't have
to call a meeting with Fonterra to ask how to
take off GST and how to do a currency adjustment?
Speaker 4 (04:04):
Do you so that seems weird? I mean, I'm just
trusted the people who've done the maths. So Sam did
the maths, Heather did the maths. I'm just assuming that
they've got it right, and then I'm worried that the
government's got it wrong.
Speaker 3 (04:21):
So that's year that could be an issue re wrapped right.
Speaker 4 (04:24):
So yesterday we told you that the TSA, which is
airport security basically in America, have decided to stop people
taking their shoes off, or making people take their shoes off.
Speaker 3 (04:39):
I think I presume you're still allowed to take your
shoes off if you want to.
Speaker 5 (04:42):
How good is that news that the days of taking
your shoes off at the airport are over? Yes, because
it was an inconvenience. Yes, because it added security costs,
but also because it was pointless and we all knew it.
The reason we did it was you'll know this by
now because the shoe bomber, Richard Reid, remember him, He
had the explosives in his shoes in two thousand and one.
The bombs didn't even work. And even though the bombs
didn't even work, he's had the developed will taking its
(05:04):
shoes off for nearly twenty years. Didn't keep the bombs
off planes, though, did it? Because someone sewed them into
the undeas someone hid them in the printer charger cartridges,
someone hid them in a laptop. So if shoes were
were not the only way, it was just one way,
then honing in on them so excessively was just a performance,
wasn't it. It was the theater of security. In fact,
you could argue that the massive airport screening that we
(05:25):
have nowadays is an overreaction and probably also maybe just theater.
It was introduced to calm, calm flyers who were nervous
about nine to eleven because before nine eleven there were
hardly any hijackings. Airport security was already doing its job,
but it got beefed up after nine eleven. Anyway. There
were limits on liquids, there was random screening, the body scanners,
(05:45):
bag scanners, and q's and q's and q's. Some say
it was a massive reaction to a high profile aberration.
It's added maybe three hundred billion dollars in security costs
at airports. You pay for that. It's added five dollars
sixty US to the price of every ticket in the
States through what they call the September eleven security fee.
It's had us missing planes for nearly twenty five years,
but it made us feel better. But apart from two
(06:07):
high profit while hijackings, we didn't actually have a major
problem to fix. Now we are finally getting around to
unwinding the rules. Right some airports yesterday we said removing
the liquids limit, you can now keep your high tops on.
If there is a lesson here, it's not to introduce
rules for the sake of introducing rules. It might make
you feel better for what twenty years, and then everyone
will realize in the end it's just a dumb rule.
Speaker 4 (06:28):
So take that Wellington Airport security confiscating my peanut butter
knife and asking me if I'm wearing high top converse,
still kicking myself to saying yes, I was, Oh what
were they going to do?
Speaker 3 (06:40):
Make me lift my trouser leg up to check.
Speaker 4 (06:43):
They could have just been normal converse, but there was
something about them, obviously that made them think, oh.
Speaker 3 (06:53):
They look a bit high. Thanks me wondering how closely
they were looking at my legs. Now that I think
about it.
Speaker 4 (07:00):
The rewrap right, This whole AI line machine at Wimbledon
seems to have been a complete.
Speaker 5 (07:09):
Now, hasn't the AI and Wimbledon drama taught us exactly
the same lesson we keep learning with technology and sport,
which is that technology is great if it doesn't disrupt
the game. And if that is the lesson that we
keep learning, why don't we just learn it already? Wimbledon,
What's Happened has not used AI properly. The first problem
that it had was that mister ball out by a foot.
(07:29):
The match got stopped. Everyone waited for four minutes. Yes,
the AI got it wrong. Match resumed. Turned out someone
turned the AI off. Then we're at the quarter finals.
AI calls a ball out. It's not out, it's a
meter inside the baseline. Match is stopped. Umpire calls the
tech people or whoever. Everyone waits, Yes, the ball was in.
After all, match resumes. Turns out what happened was a
ball boy is crossing the net at exactly the moment
(07:50):
that the ball was moving, and the AI can't handle
two movements at the same time players are cross The
waiting has broken the game's momentum. The crowd is crossed.
They have paid to watch a game, not to sit
around waiting for tech to be checked. On the other
side of the world, which is here, we're having a
similar discussion again. We're complaining again about the TMO in
last weekend test involving itself too much. Even Wayne Barnes, yes,
(08:11):
Wayne Barnes is complaining that TMO is ruining the continuity
of the game. Other sports have already learned this lesson right.
League has limited what the bunker can look at. Football
is thinking about limiting the var ice. Hockey has limited
the video review, same with volleyball. They all know what
Wimbledon hasn't quite managed to do, and what what what
rugby seems unable to accept, which is technology is great,
(08:32):
but do not let it disrupt the game. Don't let
it keep the fans waiting.
Speaker 3 (08:36):
I know you're thinking, you're thinking, did hear this? Say
to tell me? She didn't say, but please did she.
Speaker 5 (08:43):
Say what Wimbledon hasn't quite managed to do?
Speaker 3 (08:45):
Yeah? Pet peevenmine Wimbledon. Wimbledon.
Speaker 4 (08:51):
I mean, there was a whole program about the wombles
who lived at Wimbledon.
Speaker 3 (08:56):
There's a song how can you? How can people still?
I mean, I know it was a sort of the
tank because she said it right every other time she said.
Speaker 4 (09:04):
It, but still the rewrap right, Let's finish up talking
the best phone money can buy.
Speaker 3 (09:10):
Well, certainly the most expensive phone money can buy anyway.
Speaker 1 (09:13):
Trending now Square House your home of winter essentials.
Speaker 5 (09:18):
Now if you're the kind of person who likes to
own the most expensive phone on the market, or have
I got a Samsung Unpacked event for you. Just a
few hours ago, Samsung launched its latest range of Galaxy
Z fold and z Flip phones and some smart new
smart watches as well. The z Flipped seven is the
smaller one that opens like a clamshell. That's exciting because
(09:39):
Samsung has realized that people want to use the whole
scream on the screen on the outside. And also this
year there is a cheaper fan edition or what they're
calling an FE version, but controversial because all this year's
Galaxy Watches a squirkle shaped. Squirkle is not a square,
and it is not a circle. It's a squirkle. It's
a rounded square, but also quite a rounded not just
(10:02):
a standard rounde. It's quite rounded anyway. At least though
on the bright side, they've brought back the rotating bezel
on the Galaxy watchape because people love a rotating bezel.
But yes, then we come to the granddaddy of all
of them, which is the Galaxy Z Fold seven.
Speaker 2 (10:16):
These Volders are setting a new par and taking party
phone experiences to another dimension with our most powper transformative
hard Galaxy AI translates your word into actions, and our
(10:37):
latest camera sees understands and list funds to you. Now
the Ultra experience is ready.
Speaker 5 (10:47):
To unfold unfold as play on words A So this
is the one that looks kind of like a normal
phone until you unfold it and then it opens like
a book, and it's basically a full size eight inch tablet.
This year, that screen is the biggest yet, the processor
is the most powerful yet. The whole thing is the
thinnest fold yet. It's finally got a really good camera
(11:08):
on it as well, which is just as well because
it is not cheap. The watches, the Flips, and the
Folds seven are now all available for pre order. The
top of the line Fold seven with one terabyte of
storage is going to set you back a cool four
one hundred dollars. Technically it's four thy ninety nine, but
let's not squibble about one dollar. Let's squabble about it, right,
(11:28):
Let's just be honest it's four thousand, one hundred dollars
for a phone that you could drop down the toilet
leave on the plane. I don't know about you. I
don't want to be stressing out that much about a
piece of equipment. But if you've got the money, it's
really thin though, makes it more likely it falls out
of your pocket. It's so thin. It is fantastic if
(11:49):
you want to, if you want to. It's a weird
world that we live in where we try to get
as little out of our money as possible, you know,
spend as much money as you can get the tiniest
thing possible.
Speaker 4 (11:59):
But then you have it.
Speaker 3 (11:59):
Is it weird that it does look quite good? Then
I feel like I would like to have a go
of it.
Speaker 4 (12:08):
I mean, there's no excuse for making your phone that expensive,
but it's they've made it so because it folds it
in half. You know, obviously that would make it twice
the thickness. So what they've done is they've made it
so thin that it's really only about this as a
normal phone when it's folded together.
Speaker 3 (12:30):
I know, I'm such a geek. I'm such a geek.
I'm going to go away and geek out.
Speaker 4 (12:34):
Over these new folder balls and watchers, And I'll be
back again tomorrow, when we'll talk about far more sensible stuff.
Speaker 3 (12:40):
I'm sure I'll see you there.
Speaker 1 (12:49):
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