August 24, 2025 • 12 mins
THE BEST BITS IN A SILLIER PACKAGE (from Monday's Mike Hosking Breakfast) Banks Be Bankin'/This Is a One-Time Deal/Could Actually Be Their Year/That Engine's Not Pulling Its Weight/Finland Makes Me Unhappy
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Speaker 1 (00:09):
You're listening to a podcast from News Talk SEDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:25):
There and welcome to the Rewrap for Monday. All the
best bits from the mic hosting breakfast on Newstalks. They'd
be in a sillier package. I am Glenhart and today
we're going to try and convince dairy farmers not to
accept four hundred thousand dollars in their pockets. The Warriors,
it's a It's all on again. It's the year after
all normal transmission has resumed. Why do you need a
(00:51):
really nice engine in a paheav? And would you go
to a public sauna? But before any of that bank
competition more gnashing and whaling of teeth and handwringing over
bank competition.
Speaker 3 (01:08):
MP's here's the headline, MPs struggle to identify silver bullet solutions.
We speak of banking MP struggle to identify silver bullet solutions.
So I read the headline Friday, A gene tibshrainy detailed
a year's worth of work by the Finance and Expenditure
Committee that's come up with nothing. Oh, they made recommendations,
(01:29):
don't get me wrong. I mean imagine what it would
look like if they'd been toiling away for a whole
year and came up with a blank piece of paper,
but without telling you I told you so. I told
you so. And here is the difference between us and them. Right.
They entered this particular exercise with the banks with an
ideological or conspiratorial bent. The opposition and their ideas involve
public ownership of banks, Marrie banking theories, all sorts of
(01:50):
psychobabble that's got nothing to do with competition. The government
has the Nicola Willis idea that this is all a scam.
The banks are crooks, they're ripping us off. Now I've
argued there is no scam. There is plenty of competition,
and I have become increasingly convinced the issue really lies
in the Reserve Bank and their desire for retail banks
to hold gargantua in o of money in reserve just
in case labor. They buy into this thinking, which is
(02:13):
why they appointed Adrian Or who introduced the rules in
the first place. The evidence is all around us. Ask
yourself some questions. Is their choice? Do people swap banks
a lot? Do banks openly compete for customers? Can you
do deals through brokers or directly? Yes, yes, yes, yes yes,
and yes would more banks help probably, but there's nothing
stopping them opening. So the committee has no silver bullet.
(02:36):
You know why because there isn't one. Because guess what.
The system isn't broken. No, it's not perfect. It's what
happens in limited markets and small populations. As I've said
to Nicola, willis all along. If you've got an answer,
do it, pull the trigger, show us your trick, wave
your wand but one year of searching tells you one thing.
If you look at things with an open mind, you
wouldn't have gone down the rabbit hole.
Speaker 2 (02:57):
It is hard to effect a problem that doesn't exist,
isn't it. Erm Really, the only thing you can do
is make the problem at that point, and I don't
think we want to go that We wrapped. Meanwhile, something
that kind of is a monopoly, but well not white.
It basically is Fonterra. It's decided it's going to make
(03:18):
itself slightly less monopoly by selling off some of the
things that it makes, and I don't think Mike wants
them to, but I don't always don't think there's anything
you can do about it.
Speaker 3 (03:32):
Mike as a farmer shareholder of Fonterra, like you against
the sale, I'm not really. I mean I'm sort of
over it now. I mean I would have voted no.
I just never understood why you can't own something success.
I mean, there's a reason they're paying over three billion,
and the reason they're paying over three billion is they
see the upside. Why can't we see the upside? I'm
all about that, But the average farmer, says, Pete is
(03:53):
getting over four hundred thousand dollars that's going to go through.
There's no question about that. Mike is a dairy farmer
who had monumental amounts of capital taken from our payout
for years, whether we could afford it or not. I'm
pleased to finally see some capital coming back. Let's sell.
I think that's the way it's going to go. I'm piggy.
It'll be high sixties, early seventies. I think the bulk
of farmers will be into it like a robbers dog.
Speaker 1 (04:12):
Yeah.
Speaker 2 (04:13):
Keep nervous with this sort of thing, because you can
only sell at once, right, I mean, you can keep
selling ice cream and cheese and you know, all those things,
because you can keep making them. Once you've sold the brand,
can you then decide to start up another brand? It
would be something in the contract about that, I would
(04:33):
have thought, right. So ah, good, good effort from the Warriors.
I mean, this is what you would expect. But against
a team there has been a bogey team for them
in the past.
Speaker 3 (04:47):
It's the obvious question is why on earth don't we
or didn't we do that every single time? The Titans
curse or hurdle or whatever it is you want to
call is legendary. And yet Saturday, of course we killed
them as we should give. Then we're top of the
table and they are not. So here's the thought. Could
we be coming right at the right time. Could we
be on the ascendancy teams peak at the right time
(05:09):
of course winning competitions. The Panthers are on a roll
until whoops, they weren't. The table has moved a little
to start to favor us some of the teams that
might have been within a point, and no longer we
are a comfortable fourth. Where how much talked about easy
run in so two games to go, I had us
winning three or four if you go back a couple
of weeks, I had us winning three or four could
be wrong. We might win the lot. And if we
(05:29):
win the lot, do we go nuts or do we
get nervous? And second guess our ability in a streak?
Are we capable of a streak? Do some of the
injuries come right enough to bolster the side even further?
By the way, I know Metcalfe was sort of coming
right in the kicking department before the injury, But look
at Tanna Boyd, where's Hebino Pompy's good as well. We've
got two excellent kickers, and we stuck with metcalf in
(05:49):
any number of missus. But I'd agress a good win
over a bogey team cannot be underestimated at this end
of the season, if for no other reason, then it
puts to bed that roadblock we had a couple of
weeks ago when the injuries were mounting along with the losses.
We still will enter the playoffs having not beaten the
top sides that we will be about to fight. But
there's nothing we can do about that now other than
(06:12):
perhaps draw from the reassurance and hope that we didn't
really know how to beat the Titans properly until we
did with this win. These last two wins and two
more good wins. Surely, surely the confidence must be at
a level where genuine belief pervades the side and the
fan base. That twenty twenty five could just be it.
It could just be our year.
Speaker 2 (06:33):
I mean, we're in uncharted territory here because Mike's basically
doing a mayor culper for losing the faith, which I'd
never really heard that happened before. Over the last few weeks,
he decided that the Warriors couldn't win, and now he's
had to walk that back, which again I've never heard.
So maybe it's the year the rewrap. Now the mic
(06:56):
Asking Breakfast is one of the places you go to
if you want EV myths busted. But what about plug
in hybrid myths and ex Does the Landrover have that
big petrol engine in there? Anyway?
Speaker 3 (07:12):
I should mention Harry Metcalf, who I've got a lot
of time for if you're into cars. Harry's garage, he
did his he reviewed his car. He's got a rain
drover sport and he it's a peev and he made
what I thought was one of those points you thought,
hang on, why have I never thought of that? So
he's done on average for his first year seven thousand miles.
(07:32):
He does miles because in the UK so it is
seven thousand miles in his first year. And he worked
out that he did sixty percent of his travel on
battery and forty percent on engine, but he reckoned if
he didn't do so much towing. He does a lot
of towing. He do eighty percent on battery and twenty
percent on engine. His point being that if you're doing
twenty percent on your engine, when you sell your car
(07:54):
after four or five years, your engine's hardly been used.
And so are there are going to be a whole
pile of cars in the car market with a comparatively
speaking unused engine. And is that a waste of an engine?
Or what do you do with a car? Or does
car age more slowly? And because none of us know
what happens to a battery and after I don't know,
(08:14):
five six years, whatever it is, is the battery shot,
is it still usable? Is it still very usable? And
if it is very usable, you've still got this largely
unused engine. And therefore, are you're going to be driving
your car forever with an engine that's barely used? If
you're running eighty percent on battery and twenty percent on
your engine, and that's a lot of money to go
into an engine or a thing within your car you're
(08:35):
not using. He loves the car, of course, being a
rain driver, and it's plugged him. But I just thought
it was interesting, and I hadn't thought about, you know,
given you've got two means of transportation and you're using
one means a lot more than the other. The other's
quite an expensive thing to have in there and not
really being used, isn't it.
Speaker 2 (08:52):
So I don't understand any of the stuff. I'm no mechanic.
All I know is I drive a hybrid. I don't
have to. I don't plug it. And I've never seen
the point of having a car that you have to
plug in it. That's not fully electric anyway. But what
they've done there with my car is basically, I've got
this tiny, little three cylinder engine that goes like the
clappers thanks to the electrical bets of it. So that
(09:16):
seems to be Is that not how the land.
Speaker 3 (09:19):
Rover works there?
Speaker 2 (09:21):
They just literally just stapled a big battery onto it.
They haven't actually redesigned the whole thing. That can't be true.
Jenner anyway, Like I say, I don't know anything about
this stuff, but it's to move on the re wrap.
Actually I don't know much about saunering either, because well
I hate it.
Speaker 3 (09:37):
In reference by the way to Finland, which I mentioned
with the lads at three million, there's over three million
public saunas in Finland. They put it down, they reckon
at least it's a very interesting article over the weekend.
It's one of the happiest places on earth, Finland, that
whole Scandinavian thing, and they basically live the same sort
of lives. They eat a lot of fish, they have
a lot of sunlight and summer, and they do a
lot of saunering. They put that they think that that's
(09:59):
probably a major reason why they're run some of the happy.
Speaker 2 (10:01):
So pub public sauna, so people are going on and
paying to go into a seat, and there's three million
of them.
Speaker 3 (10:06):
There's three million, over three million in a country of
five point five million. Everyone's got a sauna and most
of them are public and you go along and a
lot of meetings, they were telling, a lot of meetings
are done in saunas. Difficult to take notes, I would
have thought, and a lot of politics is done in saunas.
You've got to wear something. In public saunas, generally it's
done naked, but in a public sawner you got to
wear something. But a lot of meetings, a lot of politics,
(10:27):
and in the West it's seen has been a sort
of a solo effort, where as very unusual in Finland
to sauna by yourself. And that's where the camarader in
the community spirit comes along, because people go along and
thinks are the gross I looked up as a result
of that article. I looked up public saunas or communal
saunas in this country. There's actually quite a few of them,
and there are businesses that run and there was one
(10:49):
I won't name them, but they had a They've got
a series of public saunas around the country. But then
I looked at the photo and it was a photo
full of people in the sauna, and there was about two.
Speaker 2 (10:58):
That would make me exactly unhappy. I don't agree more happy.
I could have been more unhappy. I looked it.
Speaker 3 (11:03):
I looked at the twelve or thirteen people in the sauna,
and I went, do I want to be in that room?
Really tightly squeezed in with you and the answers. No,
I don't.
Speaker 2 (11:12):
I'd be so so so unhappy. See people they park
up by the beach mobile saunas and you look in
there and there's there's people jammed in there against each other,
sweating after being in the ocean, and I say to myself,
this is what's wrong with humanity At that point, I don't.
(11:39):
I also just don't believe the statistic when there can't
be over three million of just about anything in Finland,
let alone public saunas something something. I'm going to go
and way and research this, not by actually going into
a sauna.
Speaker 1 (11:55):
Dah.
Speaker 2 (11:55):
We never do that. I always feel like I'm suffocating
to death when you broko. So yeah, don't rest assured.
I won't be doing that and I will be back
here again tomorrow for more see them.
Speaker 1 (12:07):
It's for more from News Talks at 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 SEDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:25):
There and welcome to the Rewrap for Monday. All the
best bits from the mic hosting breakfast on Newstalks. They'd
be in a sillier package. I am Glenhart and today
we're going to try and convince dairy farmers not to
accept four hundred thousand dollars in their pockets. The Warriors,
it's a It's all on again. It's the year after
all normal transmission has resumed. Why do you need a
(00:51):
really nice engine in a paheav? And would you go
to a public sauna? But before any of that bank
competition more gnashing and whaling of teeth and handwringing over
bank competition.
Speaker 3 (01:08):
MP's here's the headline, MPs struggle to identify silver bullet solutions.
We speak of banking MP struggle to identify silver bullet solutions.
So I read the headline Friday, A gene tibshrainy detailed
a year's worth of work by the Finance and Expenditure
Committee that's come up with nothing. Oh, they made recommendations,
(01:29):
don't get me wrong. I mean imagine what it would
look like if they'd been toiling away for a whole
year and came up with a blank piece of paper,
but without telling you I told you so. I told
you so. And here is the difference between us and them. Right.
They entered this particular exercise with the banks with an
ideological or conspiratorial bent. The opposition and their ideas involve
public ownership of banks, Marrie banking theories, all sorts of
(01:50):
psychobabble that's got nothing to do with competition. The government
has the Nicola Willis idea that this is all a scam.
The banks are crooks, they're ripping us off. Now I've
argued there is no scam. There is plenty of competition,
and I have become increasingly convinced the issue really lies
in the Reserve Bank and their desire for retail banks
to hold gargantua in o of money in reserve just
in case labor. They buy into this thinking, which is
(02:13):
why they appointed Adrian Or who introduced the rules in
the first place. The evidence is all around us. Ask
yourself some questions. Is their choice? Do people swap banks
a lot? Do banks openly compete for customers? Can you
do deals through brokers or directly? Yes, yes, yes, yes yes,
and yes would more banks help probably, but there's nothing
stopping them opening. So the committee has no silver bullet.
(02:36):
You know why because there isn't one. Because guess what.
The system isn't broken. No, it's not perfect. It's what
happens in limited markets and small populations. As I've said
to Nicola, willis all along. If you've got an answer,
do it, pull the trigger, show us your trick, wave
your wand but one year of searching tells you one thing.
If you look at things with an open mind, you
wouldn't have gone down the rabbit hole.
Speaker 2 (02:57):
It is hard to effect a problem that doesn't exist,
isn't it. Erm Really, the only thing you can do
is make the problem at that point, and I don't
think we want to go that We wrapped. Meanwhile, something
that kind of is a monopoly, but well not white.
It basically is Fonterra. It's decided it's going to make
(03:18):
itself slightly less monopoly by selling off some of the
things that it makes, and I don't think Mike wants
them to, but I don't always don't think there's anything
you can do about it.
Speaker 3 (03:32):
Mike as a farmer shareholder of Fonterra, like you against
the sale, I'm not really. I mean I'm sort of
over it now. I mean I would have voted no.
I just never understood why you can't own something success.
I mean, there's a reason they're paying over three billion,
and the reason they're paying over three billion is they
see the upside. Why can't we see the upside? I'm
all about that, But the average farmer, says, Pete is
(03:53):
getting over four hundred thousand dollars that's going to go through.
There's no question about that. Mike is a dairy farmer
who had monumental amounts of capital taken from our payout
for years, whether we could afford it or not. I'm
pleased to finally see some capital coming back. Let's sell.
I think that's the way it's going to go. I'm piggy.
It'll be high sixties, early seventies. I think the bulk
of farmers will be into it like a robbers dog.
Speaker 1 (04:12):
Yeah.
Speaker 2 (04:13):
Keep nervous with this sort of thing, because you can
only sell at once, right, I mean, you can keep
selling ice cream and cheese and you know, all those things,
because you can keep making them. Once you've sold the brand,
can you then decide to start up another brand? It
would be something in the contract about that, I would
(04:33):
have thought, right. So ah, good, good effort from the Warriors.
I mean, this is what you would expect. But against
a team there has been a bogey team for them
in the past.
Speaker 3 (04:47):
It's the obvious question is why on earth don't we
or didn't we do that every single time? The Titans
curse or hurdle or whatever it is you want to
call is legendary. And yet Saturday, of course we killed
them as we should give. Then we're top of the
table and they are not. So here's the thought. Could
we be coming right at the right time. Could we
be on the ascendancy teams peak at the right time
(05:09):
of course winning competitions. The Panthers are on a roll
until whoops, they weren't. The table has moved a little
to start to favor us some of the teams that
might have been within a point, and no longer we
are a comfortable fourth. Where how much talked about easy
run in so two games to go, I had us
winning three or four if you go back a couple
of weeks, I had us winning three or four could
be wrong. We might win the lot. And if we
(05:29):
win the lot, do we go nuts or do we
get nervous? And second guess our ability in a streak?
Are we capable of a streak? Do some of the
injuries come right enough to bolster the side even further?
By the way, I know Metcalfe was sort of coming
right in the kicking department before the injury, But look
at Tanna Boyd, where's Hebino Pompy's good as well. We've
got two excellent kickers, and we stuck with metcalf in
(05:49):
any number of missus. But I'd agress a good win
over a bogey team cannot be underestimated at this end
of the season, if for no other reason, then it
puts to bed that roadblock we had a couple of
weeks ago when the injuries were mounting along with the losses.
We still will enter the playoffs having not beaten the
top sides that we will be about to fight. But
there's nothing we can do about that now other than
(06:12):
perhaps draw from the reassurance and hope that we didn't
really know how to beat the Titans properly until we
did with this win. These last two wins and two
more good wins. Surely, surely the confidence must be at
a level where genuine belief pervades the side and the
fan base. That twenty twenty five could just be it.
It could just be our year.
Speaker 2 (06:33):
I mean, we're in uncharted territory here because Mike's basically
doing a mayor culper for losing the faith, which I'd
never really heard that happened before. Over the last few weeks,
he decided that the Warriors couldn't win, and now he's
had to walk that back, which again I've never heard.
So maybe it's the year the rewrap. Now the mic
(06:56):
Asking Breakfast is one of the places you go to
if you want EV myths busted. But what about plug
in hybrid myths and ex Does the Landrover have that
big petrol engine in there? Anyway?
Speaker 3 (07:12):
I should mention Harry Metcalf, who I've got a lot
of time for if you're into cars. Harry's garage, he
did his he reviewed his car. He's got a rain
drover sport and he it's a peev and he made
what I thought was one of those points you thought,
hang on, why have I never thought of that? So
he's done on average for his first year seven thousand miles.
(07:32):
He does miles because in the UK so it is
seven thousand miles in his first year. And he worked
out that he did sixty percent of his travel on
battery and forty percent on engine, but he reckoned if
he didn't do so much towing. He does a lot
of towing. He do eighty percent on battery and twenty
percent on engine. His point being that if you're doing
twenty percent on your engine, when you sell your car
(07:54):
after four or five years, your engine's hardly been used.
And so are there are going to be a whole
pile of cars in the car market with a comparatively
speaking unused engine. And is that a waste of an engine?
Or what do you do with a car? Or does
car age more slowly? And because none of us know
what happens to a battery and after I don't know,
(08:14):
five six years, whatever it is, is the battery shot,
is it still usable? Is it still very usable? And
if it is very usable, you've still got this largely
unused engine. And therefore, are you're going to be driving
your car forever with an engine that's barely used? If
you're running eighty percent on battery and twenty percent on
your engine, and that's a lot of money to go
into an engine or a thing within your car you're
(08:35):
not using. He loves the car, of course, being a
rain driver, and it's plugged him. But I just thought
it was interesting, and I hadn't thought about, you know,
given you've got two means of transportation and you're using
one means a lot more than the other. The other's
quite an expensive thing to have in there and not
really being used, isn't it.
Speaker 2 (08:52):
So I don't understand any of the stuff. I'm no mechanic.
All I know is I drive a hybrid. I don't
have to. I don't plug it. And I've never seen
the point of having a car that you have to
plug in it. That's not fully electric anyway. But what
they've done there with my car is basically, I've got
this tiny, little three cylinder engine that goes like the
clappers thanks to the electrical bets of it. So that
(09:16):
seems to be Is that not how the land.
Speaker 3 (09:19):
Rover works there?
Speaker 2 (09:21):
They just literally just stapled a big battery onto it.
They haven't actually redesigned the whole thing. That can't be true.
Jenner anyway, Like I say, I don't know anything about
this stuff, but it's to move on the re wrap.
Actually I don't know much about saunering either, because well
I hate it.
Speaker 3 (09:37):
In reference by the way to Finland, which I mentioned
with the lads at three million, there's over three million
public saunas in Finland. They put it down, they reckon
at least it's a very interesting article over the weekend.
It's one of the happiest places on earth, Finland, that
whole Scandinavian thing, and they basically live the same sort
of lives. They eat a lot of fish, they have
a lot of sunlight and summer, and they do a
lot of saunering. They put that they think that that's
(09:59):
probably a major reason why they're run some of the happy.
Speaker 2 (10:01):
So pub public sauna, so people are going on and
paying to go into a seat, and there's three million
of them.
Speaker 3 (10:06):
There's three million, over three million in a country of
five point five million. Everyone's got a sauna and most
of them are public and you go along and a
lot of meetings, they were telling, a lot of meetings
are done in saunas. Difficult to take notes, I would
have thought, and a lot of politics is done in saunas.
You've got to wear something. In public saunas, generally it's
done naked, but in a public sawner you got to
wear something. But a lot of meetings, a lot of politics,
(10:27):
and in the West it's seen has been a sort
of a solo effort, where as very unusual in Finland
to sauna by yourself. And that's where the camarader in
the community spirit comes along, because people go along and
thinks are the gross I looked up as a result
of that article. I looked up public saunas or communal
saunas in this country. There's actually quite a few of them,
and there are businesses that run and there was one
(10:49):
I won't name them, but they had a They've got
a series of public saunas around the country. But then
I looked at the photo and it was a photo
full of people in the sauna, and there was about two.
Speaker 2 (10:58):
That would make me exactly unhappy. I don't agree more happy.
I could have been more unhappy. I looked it.
Speaker 3 (11:03):
I looked at the twelve or thirteen people in the sauna,
and I went, do I want to be in that room?
Really tightly squeezed in with you and the answers. No,
I don't.
Speaker 2 (11:12):
I'd be so so so unhappy. See people they park
up by the beach mobile saunas and you look in
there and there's there's people jammed in there against each other,
sweating after being in the ocean, and I say to myself,
this is what's wrong with humanity At that point, I don't.
(11:39):
I also just don't believe the statistic when there can't
be over three million of just about anything in Finland,
let alone public saunas something something. I'm going to go
and way and research this, not by actually going into
a sauna.
Speaker 1 (11:55):
Dah.
Speaker 2 (11:55):
We never do that. I always feel like I'm suffocating
to death when you broko. So yeah, don't rest assured.
I won't be doing that and I will be back
here again tomorrow for more see them.
Speaker 1 (12:07):
It's for more from News Talks at 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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