July 27, 2025 • 10 mins
THE BEST BITS IN A SILLIER PACKAGE (from Monday's Mike Hosking Breakfast) Easiest Job In the World/Wet Land or Wetlands?/Predicting the Apocalypse/Liam's New Strategy/Warriors Revert
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Speaker 1 (00:09):
You're listening to a podcast from news talks'd be follow
this and our wide range of podcasts now on iHeartRadio, Rewrap.
Speaker 2 (00:25):
Okay, Idea and welcome to the Rewrap for Monday. All
the best, but it's from the Mark Husking breakfast on Newsbalk.
There'd been a sillier package. I am Glen Hearten today
in Dunedin wetlands or just wetland actually speaking of wet things,
how's that climate change going? And aw are we ever
going to do anything about it? If one happened overnight?
(00:46):
So Mike of course will bring you up to date
with that. And there were warriors issues over the weekend
as well. But before any of that, can interest rate
cuts save us? And if so, will they actually happen?
Speaker 3 (00:59):
Can I suggest Jared Kerr, the governor of the Reserve Bank,
Jared's QUB banks chief economists. Now he's been completely consistent
in his ongo owing commentary around the interest rate cuts
and the Reserve banks need to do more and to
be fair, actually, our own Greg Smith at Devon has
told us and argued a similar sort of story over
the last few months. Now. The Kiwibank economic report that
got a decent amount of coverage over the weekend is
(01:20):
Jared's proof positive that he is right and Adrian and
Christian have been and are wrong. As long as they
continue to be myopic and look at nothing but inflation,
they can argue one, it's in the band, even though
it's dangerously close to not being and will most likely
breage it this year. And two this ongoing but increasing
false idea that they have cut enough already and the
(01:42):
efforts of that will flow through eventually. See here's the problem.
We're virtually in August and the twenty twenty five, the
latter part of this year that was supposed to be
lift off is nothing of the sort. And the Kiwibank
report confirms it. It tells us what we already know. Obviously,
the further south you go in this country, the better
off it is. But here's the real news. Even in
the best, most lucrative, optimistic part of the country i e.
Otago and Southland, you only get five out of ten.
(02:05):
That's your top score, five out of ten. Luff mark
is as good as it gets. The rest of the
country is miserable. Are there science, Yes, But how long
do you want to squeeze the economic lemon, looking for juice,
dairy meat, kiwi fruit, all the stuff we've talked about
and celebrated. It's not only doing the heavy lifting, it's
doing almost all the lifting. Tourism is there in a
targa Central Otago, sure, but it's still only eighty six
(02:28):
percent of what it was six years ago. Confidence hard
to find. Foreigners still can't buy a house when they
invest millions. And for every dollar you get from lower
interest rates, you're going to pay two dollars more for
your power, for your insurance, for your rates, which have
become the new version of highway robbery. The economy needs help.
It needs a major enthusiast. It needs a circuit breaker.
(02:49):
And the Reserve Bank and their view and actions are
potentially it. Jared sees it, Greg sees it. John Key
sees it. He wants a full one hundred basis points.
But until any one of them is the governor, we
rely on Christian and his committee, and that is where
the real problem lies.
Speaker 2 (03:05):
You see, this is what I keep trying to say.
Speaker 1 (03:08):
There.
Speaker 2 (03:09):
You know, Adrian or was the front man, but it's
not a one man show. He wasn't the only one
making this unilateral decision. Anyway, watch the space.
Speaker 1 (03:22):
I guess it's the rewrap.
Speaker 2 (03:23):
All right, Denedan is sinking. In fact, let's be honest,
we all know the whole world is sinking. But we'll
get to that shortly.
Speaker 3 (03:32):
Let's deal with the Deen this donners? Can I ask
you this question? So very nice piece I'm looking at
on Friday, I think it was on the TV one news,
This ongoing retreat managed wetlands area of South the Need
and South do Needan's a mess, simply is disappearing in
front of your eyes. And you've got this idea. You've
got six thousand houses, you've got a thousand businesses, half
a flood prone. So the council's come up with seven ideas.
(03:54):
I thought that was too many for a start. Don't
start with that many. They've done a survey fifteen percent
what the state is quo. Well guess what that's not happening.
Thirty eight percent won managed retreat that's five billion. Who's
paying for that? Are the most popular option at fiftyenne
one percent. Some new waterways some wetlands that's at two
point eight billion. So you want to stay there, You
just want to get the pipes in there. So the
(04:14):
water drains away. Who should pay? There's an interesting one.
Central government twenty four percent, local government twenty two percent,
fifteen percent properly developers don't know why they get targeted?
Are residents and businesses thirteen percent? It's going to have
to be everyone, isn't it? The final adaptation plan with
a short list of three options early next year. So
that's fine. So you're going from seven to three options. Question,
how long is this going on for? And to do you,
(04:38):
in your heart of hearts ever honestly believe that anyone's
going to be able to make a final decision and
stick with it.
Speaker 2 (04:45):
Yeah, Mark's absolutely right. The moment you've got seven different
options and a whole bunch of people moaning about them.
But you're just going to end up with beige wallpaper,
aren't you, Because that's that's why he ends up at
the end of all that rewrap. So anyway, that's the
need and disappearing into the drink. As for the rest
of the world, everybody decided they were going to do
(05:06):
something about it. Now most people have decided that that
had Where do we stand.
Speaker 3 (05:11):
Let me ask you this question, Ay, if you've ventured
into something knowing that it will ultimately achieve little to nothing,
and it's a multi year deal. Is it worth debating
and reviewing in the meantime pretending said agreements going anywhere?
So what we've got is the Climate Commission. They've just
released their first full report on this government's climate plan
as it relates to net zero by twenty fifty. Now,
I'm here to tell you we will not be net
(05:33):
zero by twenty fifty. Very few of any in the
world will be net zero health some hardly been trying. Now,
this isn't about whether there's climate change park or that.
This is simply about beyond the rhetoric and the good intention,
is it worth taking a pledge seriously if said pledge
is not going to come to anything. So the report says,
right here, right now, the government's on track from twenty
(05:53):
twenty six to twenty thirty, though it starts to look
a bit touch and go, and they argue the governments
to reliant on tree planting and a lot of sciences
yet to eventuate we need to do more after that.
We seem to wander, from the Commission's point of view anyway,
into worrying territory. Now, if we don't get to net zero?
Then what answer? Nothing? No one's going to jail. What
if the commissioner wrong? Many bodies of course, our treasury
(06:16):
are wrong all the time. What if science comes to
the party in a spectacular fashion? Also, our governments will
change between now and twenty fifty many times over. This
is the first report, for example, of this government, because
a lot of what the last government was doing got
tossed out. But no matter who runs New Zealand, we
will not get to net zero. And when we don't,
nothing comes of it. So the original question, given that,
(06:37):
how many reports do we need? How many reports do
you want to read? How much energy do you want
to put into a process that we know really only
works effectively when we close the country down as we
did during COVID. Can we tinker, yes, and we are.
Have we made some progress, Yes we have. Will it
save the planet? No? It will not. If you know
what it looks like at the finish line and you're
(06:58):
essentially wasting your time between now and then, shouldn't we
simply be honest and admit it's not happening, it's beyond
this and save some serious time, energy and money.
Speaker 2 (07:05):
Exactly? Couldn't agree more except that human life on this
planet is a little bit more finite than we initially hoped,
and just enjoy it while we've got it a bleak, Glynn,
sorry about that, rewrap. Well, I'm going to try and
lift the mood now. I I was exciting to see
(07:27):
Liam Lawson racing around the track in eighth place. When
I came in this morning and looked up at the
Belgian Grand Prix on TV, I thought that it would
be all finished by the time I got here, but hey,
it was delayed because of the weather and b that
SPA circuit is a very long course. They were onto
(07:48):
the forty first lap of forty four laps when I
came in, and by the time I'd grabbed McGear out
of my locker, moved round into the studio and sat
down to watch a bit mirror it on TV, they
were on the forty first lap of forty four.
Speaker 3 (08:01):
Same lap morning, Mike, go Liam. Yeah, he did well,
and he did very well. In fact, if you look
at the way it all ended, he didn't do that
much more poorly than Verstappan certainly did better than Hadja,
and he certainly did better than Sonoda and Sonoda, who
started well in terms of qualifying over the weekend ended
Nowhere got no point, so Liam and Max were the
only two Red bullers who got some points over the weekend.
(08:23):
If you haven't seen it, I won't give too much away. No,
you've already heard it. Who cares. Lewis Hamilton is the
star of the show in many respects. Yes, Oscar won,
but Lewis Hamilton what he did in that race, and
he is the genius in wet weather and it was wet.
It was heavily delayed at poured Strange Place Spa. It's beautiful,
but the reason it's very green, and the reason it's
(08:45):
so green is it rains all the time, and it
rained and so it delayed the race. Hamilton did brilliantly
because he had a shocking weekend up until that point
and he was his usual miserable self where he doesn't
want to say anything to anybody, but he got it together.
And if you want to highlight a singular moment where
the sheer genius of Oscar Piastre shines through O rouge
opening lap, would you have done what he did to
(09:08):
Land though Norris? Oh my god.
Speaker 2 (09:11):
So I did as Mike suggested. I went and looked
at up, and to be honest, I don't think I
was as impressed as Mike was, basically because the track
was where you know, it was that situation where there's
a lot of spray going up behind the cars. And
so the tricky thing that PS three did behind Norris
is that he came out right close behind him, and
(09:33):
obviously at that point would not have been able to
see anything at all. He would have been literally driving
blind at that point and hoping that I don't know
that Norris didn't suddenly slam on the brakes or something
and then he whipped out and passed him. From that point,
the actual passing maneuver wasn't particularly exciting, And I feel
like I've gone on far too long about this now,
given that I don't.
Speaker 1 (09:53):
Know what I'm talking about the rewrap.
Speaker 2 (09:55):
I mean, I'm no League X.
Speaker 3 (09:56):
But either Mike, wake up, wake up. Our left edge
is shot on the fence, Cape will slow to play
Dellan's revolving door. Don't nod semi soon ago.
Speaker 2 (10:11):
I told you, I'm not sure which body's nodding it
A bit about you waking up.
Speaker 3 (10:15):
Well, we're probably all everyone's an expert, not.
Speaker 2 (10:18):
Me, I just want to make that quite clear. Again,
I'm not an expert, but yes, the Warriors do seem
like they've reverted back to the old ways of losing
to the teams that they shouldn't lose two and let's
hope they can do what they used to do and
beat the teams that they shouldn't beat, and maybe there'll
(10:39):
be just enough to get them through. Probably not enough
to win a final, let's be honest. Maybe next year.
I'm glean hat that was the rewrap. It'll be here
the next day tomorrow see then.
Speaker 1 (10:58):
For more from news Talks. It'd be 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 talks'd be follow
this and our wide range of podcasts now on iHeartRadio, Rewrap.
Speaker 2 (00:25):
Okay, Idea and welcome to the Rewrap for Monday. All
the best, but it's from the Mark Husking breakfast on Newsbalk.
There'd been a sillier package. I am Glen Hearten today
in Dunedin wetlands or just wetland actually speaking of wet things,
how's that climate change going? And aw are we ever
going to do anything about it? If one happened overnight?
(00:46):
So Mike of course will bring you up to date
with that. And there were warriors issues over the weekend
as well. But before any of that, can interest rate
cuts save us? And if so, will they actually happen?
Speaker 3 (00:59):
Can I suggest Jared Kerr, the governor of the Reserve Bank,
Jared's QUB banks chief economists. Now he's been completely consistent
in his ongo owing commentary around the interest rate cuts
and the Reserve banks need to do more and to
be fair, actually, our own Greg Smith at Devon has
told us and argued a similar sort of story over
the last few months. Now. The Kiwibank economic report that
got a decent amount of coverage over the weekend is
(01:20):
Jared's proof positive that he is right and Adrian and
Christian have been and are wrong. As long as they
continue to be myopic and look at nothing but inflation,
they can argue one, it's in the band, even though
it's dangerously close to not being and will most likely
breage it this year. And two this ongoing but increasing
false idea that they have cut enough already and the
(01:42):
efforts of that will flow through eventually. See here's the problem.
We're virtually in August and the twenty twenty five, the
latter part of this year that was supposed to be
lift off is nothing of the sort. And the Kiwibank
report confirms it. It tells us what we already know. Obviously,
the further south you go in this country, the better
off it is. But here's the real news. Even in
the best, most lucrative, optimistic part of the country i e.
Otago and Southland, you only get five out of ten.
(02:05):
That's your top score, five out of ten. Luff mark
is as good as it gets. The rest of the
country is miserable. Are there science, Yes, But how long
do you want to squeeze the economic lemon, looking for juice,
dairy meat, kiwi fruit, all the stuff we've talked about
and celebrated. It's not only doing the heavy lifting, it's
doing almost all the lifting. Tourism is there in a
targa Central Otago, sure, but it's still only eighty six
(02:28):
percent of what it was six years ago. Confidence hard
to find. Foreigners still can't buy a house when they
invest millions. And for every dollar you get from lower
interest rates, you're going to pay two dollars more for
your power, for your insurance, for your rates, which have
become the new version of highway robbery. The economy needs help.
It needs a major enthusiast. It needs a circuit breaker.
(02:49):
And the Reserve Bank and their view and actions are
potentially it. Jared sees it, Greg sees it. John Key
sees it. He wants a full one hundred basis points.
But until any one of them is the governor, we
rely on Christian and his committee, and that is where
the real problem lies.
Speaker 2 (03:05):
You see, this is what I keep trying to say.
Speaker 1 (03:08):
There.
Speaker 2 (03:09):
You know, Adrian or was the front man, but it's
not a one man show. He wasn't the only one
making this unilateral decision. Anyway, watch the space.
Speaker 1 (03:22):
I guess it's the rewrap.
Speaker 2 (03:23):
All right, Denedan is sinking. In fact, let's be honest,
we all know the whole world is sinking. But we'll
get to that shortly.
Speaker 3 (03:32):
Let's deal with the Deen this donners? Can I ask
you this question? So very nice piece I'm looking at
on Friday, I think it was on the TV one news,
This ongoing retreat managed wetlands area of South the Need
and South do Needan's a mess, simply is disappearing in
front of your eyes. And you've got this idea. You've
got six thousand houses, you've got a thousand businesses, half
a flood prone. So the council's come up with seven ideas.
(03:54):
I thought that was too many for a start. Don't
start with that many. They've done a survey fifteen percent
what the state is quo. Well guess what that's not happening.
Thirty eight percent won managed retreat that's five billion. Who's
paying for that? Are the most popular option at fiftyenne
one percent. Some new waterways some wetlands that's at two
point eight billion. So you want to stay there, You
just want to get the pipes in there. So the
(04:14):
water drains away. Who should pay? There's an interesting one.
Central government twenty four percent, local government twenty two percent,
fifteen percent properly developers don't know why they get targeted?
Are residents and businesses thirteen percent? It's going to have
to be everyone, isn't it? The final adaptation plan with
a short list of three options early next year. So
that's fine. So you're going from seven to three options. Question,
how long is this going on for? And to do you,
(04:38):
in your heart of hearts ever honestly believe that anyone's
going to be able to make a final decision and
stick with it.
Speaker 2 (04:45):
Yeah, Mark's absolutely right. The moment you've got seven different
options and a whole bunch of people moaning about them.
But you're just going to end up with beige wallpaper,
aren't you, Because that's that's why he ends up at
the end of all that rewrap. So anyway, that's the
need and disappearing into the drink. As for the rest
of the world, everybody decided they were going to do
(05:06):
something about it. Now most people have decided that that
had Where do we stand.
Speaker 3 (05:11):
Let me ask you this question, Ay, if you've ventured
into something knowing that it will ultimately achieve little to nothing,
and it's a multi year deal. Is it worth debating
and reviewing in the meantime pretending said agreements going anywhere?
So what we've got is the Climate Commission. They've just
released their first full report on this government's climate plan
as it relates to net zero by twenty fifty. Now,
I'm here to tell you we will not be net
(05:33):
zero by twenty fifty. Very few of any in the
world will be net zero health some hardly been trying. Now,
this isn't about whether there's climate change park or that.
This is simply about beyond the rhetoric and the good intention,
is it worth taking a pledge seriously if said pledge
is not going to come to anything. So the report says,
right here, right now, the government's on track from twenty
(05:53):
twenty six to twenty thirty, though it starts to look
a bit touch and go, and they argue the governments
to reliant on tree planting and a lot of sciences
yet to eventuate we need to do more after that.
We seem to wander, from the Commission's point of view anyway,
into worrying territory. Now, if we don't get to net zero?
Then what answer? Nothing? No one's going to jail. What
if the commissioner wrong? Many bodies of course, our treasury
(06:16):
are wrong all the time. What if science comes to
the party in a spectacular fashion? Also, our governments will
change between now and twenty fifty many times over. This
is the first report, for example, of this government, because
a lot of what the last government was doing got
tossed out. But no matter who runs New Zealand, we
will not get to net zero. And when we don't,
nothing comes of it. So the original question, given that,
(06:37):
how many reports do we need? How many reports do
you want to read? How much energy do you want
to put into a process that we know really only
works effectively when we close the country down as we
did during COVID. Can we tinker, yes, and we are.
Have we made some progress, Yes we have. Will it
save the planet? No? It will not. If you know
what it looks like at the finish line and you're
(06:58):
essentially wasting your time between now and then, shouldn't we
simply be honest and admit it's not happening, it's beyond
this and save some serious time, energy and money.
Speaker 2 (07:05):
Exactly? Couldn't agree more except that human life on this
planet is a little bit more finite than we initially hoped,
and just enjoy it while we've got it a bleak, Glynn,
sorry about that, rewrap. Well, I'm going to try and
lift the mood now. I I was exciting to see
(07:27):
Liam Lawson racing around the track in eighth place. When
I came in this morning and looked up at the
Belgian Grand Prix on TV, I thought that it would
be all finished by the time I got here, but hey,
it was delayed because of the weather and b that
SPA circuit is a very long course. They were onto
(07:48):
the forty first lap of forty four laps when I
came in, and by the time I'd grabbed McGear out
of my locker, moved round into the studio and sat
down to watch a bit mirror it on TV, they
were on the forty first lap of forty four.
Speaker 3 (08:01):
Same lap morning, Mike, go Liam. Yeah, he did well,
and he did very well. In fact, if you look
at the way it all ended, he didn't do that
much more poorly than Verstappan certainly did better than Hadja,
and he certainly did better than Sonoda and Sonoda, who
started well in terms of qualifying over the weekend ended
Nowhere got no point, so Liam and Max were the
only two Red bullers who got some points over the weekend.
(08:23):
If you haven't seen it, I won't give too much away. No,
you've already heard it. Who cares. Lewis Hamilton is the
star of the show in many respects. Yes, Oscar won,
but Lewis Hamilton what he did in that race, and
he is the genius in wet weather and it was wet.
It was heavily delayed at poured Strange Place Spa. It's beautiful,
but the reason it's very green, and the reason it's
(08:45):
so green is it rains all the time, and it
rained and so it delayed the race. Hamilton did brilliantly
because he had a shocking weekend up until that point
and he was his usual miserable self where he doesn't
want to say anything to anybody, but he got it together.
And if you want to highlight a singular moment where
the sheer genius of Oscar Piastre shines through O rouge
opening lap, would you have done what he did to
(09:08):
Land though Norris? Oh my god.
Speaker 2 (09:11):
So I did as Mike suggested. I went and looked
at up, and to be honest, I don't think I
was as impressed as Mike was, basically because the track
was where you know, it was that situation where there's
a lot of spray going up behind the cars. And
so the tricky thing that PS three did behind Norris
is that he came out right close behind him, and
(09:33):
obviously at that point would not have been able to
see anything at all. He would have been literally driving
blind at that point and hoping that I don't know
that Norris didn't suddenly slam on the brakes or something
and then he whipped out and passed him. From that point,
the actual passing maneuver wasn't particularly exciting, And I feel
like I've gone on far too long about this now,
given that I don't.
Speaker 1 (09:53):
Know what I'm talking about the rewrap.
Speaker 2 (09:55):
I mean, I'm no League X.
Speaker 3 (09:56):
But either Mike, wake up, wake up. Our left edge
is shot on the fence, Cape will slow to play
Dellan's revolving door. Don't nod semi soon ago.
Speaker 2 (10:11):
I told you, I'm not sure which body's nodding it
A bit about you waking up.
Speaker 3 (10:15):
Well, we're probably all everyone's an expert, not.
Speaker 2 (10:18):
Me, I just want to make that quite clear. Again,
I'm not an expert, but yes, the Warriors do seem
like they've reverted back to the old ways of losing
to the teams that they shouldn't lose two and let's
hope they can do what they used to do and
beat the teams that they shouldn't beat, and maybe there'll
(10:39):
be just enough to get them through. Probably not enough
to win a final, let's be honest. Maybe next year.
I'm glean hat that was the rewrap. It'll be here
the next day tomorrow see then.
Speaker 1 (10:58):
For more from news Talks. It'd be listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio
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