September 30, 2025 • 11 mins
THE BEST BITS IN A SILLIER PACKAGE (from Wednesday's Mike Hosking Breakfast) To Everyone/Dollar Downer/Dixon Street Dilemma/How Power Prices Work/EV Myths Busted
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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 (00:24):
The Rewrap.
Speaker 3 (00:25):
Okay there and welcome to the Rewrap.
Speaker 4 (00:27):
For Wednesday, all the best bets from the Mic Husking
Breakfast on News Talk s EDB in a silly a package,
I am Glenahatten. Today the dollar is diving apparently, so
not a good time to buy things from another country
or indeed go to another country. Are the Dixon Street
flats or apartments or whatever they were? Whatever they sold
(00:51):
for wasn't enough.
Speaker 3 (00:53):
Power?
Speaker 4 (00:54):
Prices are too much? What's the government doing to get
them down? And we'll bust some ev myths as we
want to do. But before any of that, the local
body elections.
Speaker 3 (01:06):
Zero interest from anyone now.
Speaker 2 (01:07):
In one of the great psychological conundrums of the modern age,
why is it we still, despite it all, refuse to
take part in local body elections. Local decisions affect more
of us locally than anything Wellington does, and yet national
elections draw eighty plus percent turnout, in a sign that
we actually value democracy. So far in election year twenty
twenty five, the numbers are hopeless, and yet we have
(01:29):
councils making massive decisions, not least of which is around
things like water. The debt associated with that is enormous,
added to the debt we already have, which in too
many cases has the rating agencies worried. Wellington has become
famous for its dysfunction. And yet so far we've got
to turn out Wellington of twelve percent three weeks gone,
less than two weeks to go. What last minute gripping
(01:50):
piece of information do you need to make you mark
and take part in a process allegedly so valued ie
democracy that history shows we are apparently prepared to fight
for it. Auckland hasn't even muster ten percent, for God's sake,
dunedins at seven christ yet well done over sixteen. Traditionally,
if you crack forty, by the use of it all,
you're right up there. The tragics gather together around thirty.
(02:12):
By the time you split a race for mey say
four candidates splitting that thirty percent turnout, you're essentially seeing
perhaps ten percent of people electing the top job. It's fascical.
Senior rates bill doesn't matter where in the country you are.
Have you seen your rates bill? You're happy with that?
Are you it's a fiscal scandal, and yet we still
can't be bothered voting moaning yes, voting no. Auckland voted
(02:33):
last week on the biggest unitary upheaval and decades, and
yet nine point eight percent so far have had to say,
here's an idea. Why don't we just flag it? If
the big issues, the massive debt, the structural reform can't
get us involved, give it away, Introduce some professionals. The
interface between central government and locals become fraught in many places. Anyway,
we're fantastically over counseled in this country. Seventy Ish councils
(02:55):
is madness, especially when we don't care. So let's appoint professionals,
people with experience and credentials, get the mandate from Wellington
and let them get on with it. How many times
do we have to show almost complete and utter disdain
for something before it's broadly accepted that, no matter what
the issue is, how big the moment in time is,
we simply are not that interested.
Speaker 4 (03:15):
Well, I just don't know what to do in this
Nobody who's offering to do anything on my behalf that
I actually want them to. What am I supposed to
vote for somebody I don't who is going to do
things that I don't want them to do it. See
my dilemma. So when I don't vote, I am saying
no to all of them, and I actually want there
to be no counsel exactly like the.
Speaker 3 (03:37):
Husk is suggesting, the rewrap right dollars.
Speaker 4 (03:41):
No matter how many you've got, they're not worth as
many as the dollars in other places.
Speaker 2 (03:45):
Unfortunately, Mike new Zim's got a confidence crisis at the moment,
both domestically and internationally. Domestically, the media is all over
any bad news, and internationally, investacy and opposition government is
going to reverse any progressive moves the minute they get in.
The currency might tell the story. Well it's not a
bad point, but I mean it was the day when
you go to Australia and you're going you're standing there
(04:06):
in Myers and Burke Street mall, or you at David
Jones and you're saying to yourself, or it's one hundred
Australian dollars, how much that's New zeal It's about one
hundred and one dollars fifty, isn't it, Because I mean
it's ninety six ninety seven cents, and every now and
again we have that parity thing, you know, once upon
a time we have party, or can we get to parity.
We never get to parody, of course, but we get
close enough. And therefore it's roughly dollar for dollar now
toda eighty seven. I mean, that's materially different. It's like
(04:28):
being in Europe. Europe used to be sixty. The euro
used to be sixty, and you're going you just add
ten and do your numbers, and suddenly it's forty eight.
And as for the pound, that's a joke. You're like
tripling it. If it's thirty pounds, it's one hundred bucks.
Speaker 4 (04:44):
That's why Vietnam is such a good destination because you
can just you know, becoming a millionaire taking a few
bucks out of the cash machine. It's pretty cool round right.
Speaker 3 (04:56):
I don't really understand what's going on with this Dixon.
Speaker 4 (04:59):
Street Flats building thing. Mike's obsessed those, so I'll let
him spout off about it now.
Speaker 2 (05:07):
The Dixon Street building debarkle. I'm thinking to myself yesterday afternoon,
that Dickson Street building debarcle surely allows us to ask
some questions that the treaty process, doesn't it if you
missed it? Dixon Street Departments, Wellington sold for a million
dollars to Local mari under their treaty deal. The treaty
deal had a first right of refusal clause. Now my assumption,
clearly incorrectly, is you would get first right of refusal
(05:28):
based on the idea that something of cultural or historic
significance was coming to the market, and as local EWE,
you wouldn't want to miss that opportunity. I didn't realize
this was a commercial free for all where anything in
everything for sale goes to Local Mariy first. Further, I
had assumed, clearly wrongly again that in having a first
writer of refusal, that meant the long lost treasure, whether
(05:49):
historic or cultural, would be returned to SAIDI we to
be honored and looked after imperpetuity, not flecked off a
quick profit. So obviously nothing like that is remotely part
of the treaty deal. So first question, why not? Next
question is if it isn't is it commercially acceptable to
have a race based clause when it comes to real estate?
And even if it is, is it commercially acceptable to
(06:11):
sell stuff cheap for if you haven't followed the story.
Five minutes after buying the building for a million bucks,
the new owner sold it for three million. So under
a special deal signed for on our behalf by our government,
we the taxpayer, lose two million dollars on one building.
Next question, how could a crown agency I Eking Aura
think a million dollars was a good price for something
that was clearly worth three million? And in that is
(06:34):
the problem, of course, of not involving the free market.
Next question, did anyone involved in the cloistered deal know
what they were doing? And if not, given its taxpayer's dosh,
why not? Another question? Was the treaty process designed so
tribes could get into the real estate speculation? At what
point was a treaty settlement about putting past wrongs right
(06:55):
versus turning tribes into speculators. This was a bad deal.
The original owners of Dixon Street I US got stiffed,
and we got stiffed because of a race based real
estate clause that arguably should never been part of an
historic arrangement in the first place. Final question, what are
we going to do about it? Or more worryingly, is
there anything we can do about it at all?
Speaker 3 (07:17):
Yeah? So, Mike's pretty hot on this.
Speaker 4 (07:18):
I mean, isn't this just another example of sort of
government bureaucrats public servants not really understanding how life.
Speaker 3 (07:29):
In the real world works.
Speaker 4 (07:32):
I mean, doesn't that just that stuff just keep on
happening even though we keep being told that it's not
going to keep happening.
Speaker 3 (07:38):
There's nothing surprising about this.
Speaker 4 (07:40):
Is there a rewrap now at one place where the
government might be able to make a real world difference
to us, the real people as power if they can
do anything about power prices travelers, can they do anything
about power prices?
Speaker 2 (07:54):
Really, Mike, how does the power get cheaper with renewables?
The answer is supply and demand. So the investment is massive.
More and more supply comes on stream. As supply comes
on stream, the Asian changes. So, in other words, when
you're in the middle of a winter and there is
no power and it hasn't rained, and the wind isn't
(08:14):
blowing and there isn't enough coal, and hydro thermal hasn't
or the geothermal rather hasn't been exploited to its full extent,
the cost per unit, the spot price goes through the roof.
As we've seen for the last couple of winters. If
you have a vast suite of supply, then the demand
will never outstrip the supply. Therefore the price will never spike.
(08:34):
I mean, if you're literally asking how will the price
go down, it won't. Nothing. The price of nothing goes
down also, And this.
Speaker 4 (08:42):
Is something I've never fully understood, and I'm missing something
obvious I know, But like with hydro power and wind
power and sun power, solar power, like you don't have
to buy those things, they are just there. So once
you've got the infrastructure in place, how much is it
(09:02):
really costing you to get to get there to everyone?
Like I said, I'm probably missing something. I mean, water
doesn't grow on trees or the sun. The re wrap
actually speaking of being air quotes climate friendly, close air quotes.
Speaker 3 (09:24):
EV's. I think we that they had just done now,
aren't they.
Speaker 4 (09:30):
Somebody from Australia asked me the other day how the
ev uptake's been here?
Speaker 3 (09:35):
And boy, that was a rollercoaster ride of a story
to tell.
Speaker 2 (09:39):
Ford of announced overy night EV side they had a
thing going on in America. I think it was thirty
seven hundred dollars or was it seventy three hundred dollars
I can't remember which it was, but that was your
subsidy for EV's. So Ford's announced over night they reckoned
the number of EV's and they weren't selling many evs anyway,
because everyone in America wants either an escalator and F
one fifty, either of which a battery. So that goes
(10:00):
as of the first of October, which they expect Ford
expect the sales of pure evs to haver. So it's
hard of what they didn't really have in the first place.
So things in the e V department that game particularly
well staped side.
Speaker 4 (10:13):
Ye're not sure how that affects me. I drive a
forward hybrid. I'm just wondering how much closer it's becoming
to being a collector's item, you know, a classic car.
Not as much as if it was an EV obviously,
but I guess certainly since me moving in that.
Speaker 3 (10:32):
Direction, doesn't it there'll be a rare commodity.
Speaker 4 (10:36):
One of the few people who bought something that was
a little bit better for the environment. Remember those times
as we gasp our lass wreaths, I am I did.
That's not why I bought it. I bought it because
it's the Jupiter run.
Speaker 3 (10:48):
I am clean hat. That was the rewrap and we
will wrap it up again Fordam Morris.
Speaker 1 (11:02):
For more from News Talks'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 Talk SEDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
The Rewrap.
Speaker 3 (00:25):
Okay there and welcome to the Rewrap.
Speaker 4 (00:27):
For Wednesday, all the best bets from the Mic Husking
Breakfast on News Talk s EDB in a silly a package,
I am Glenahatten. Today the dollar is diving apparently, so
not a good time to buy things from another country
or indeed go to another country. Are the Dixon Street
flats or apartments or whatever they were? Whatever they sold
(00:51):
for wasn't enough.
Speaker 3 (00:53):
Power?
Speaker 4 (00:54):
Prices are too much? What's the government doing to get
them down? And we'll bust some ev myths as we
want to do. But before any of that, the local
body elections.
Speaker 3 (01:06):
Zero interest from anyone now.
Speaker 2 (01:07):
In one of the great psychological conundrums of the modern age,
why is it we still, despite it all, refuse to
take part in local body elections. Local decisions affect more
of us locally than anything Wellington does, and yet national
elections draw eighty plus percent turnout, in a sign that
we actually value democracy. So far in election year twenty
twenty five, the numbers are hopeless, and yet we have
(01:29):
councils making massive decisions, not least of which is around
things like water. The debt associated with that is enormous,
added to the debt we already have, which in too
many cases has the rating agencies worried. Wellington has become
famous for its dysfunction. And yet so far we've got
to turn out Wellington of twelve percent three weeks gone,
less than two weeks to go. What last minute gripping
(01:50):
piece of information do you need to make you mark
and take part in a process allegedly so valued ie
democracy that history shows we are apparently prepared to fight
for it. Auckland hasn't even muster ten percent, for God's sake,
dunedins at seven christ yet well done over sixteen. Traditionally,
if you crack forty, by the use of it all,
you're right up there. The tragics gather together around thirty.
(02:12):
By the time you split a race for mey say
four candidates splitting that thirty percent turnout, you're essentially seeing
perhaps ten percent of people electing the top job. It's fascical.
Senior rates bill doesn't matter where in the country you are.
Have you seen your rates bill? You're happy with that?
Are you it's a fiscal scandal, and yet we still
can't be bothered voting moaning yes, voting no. Auckland voted
(02:33):
last week on the biggest unitary upheaval and decades, and
yet nine point eight percent so far have had to say,
here's an idea. Why don't we just flag it? If
the big issues, the massive debt, the structural reform can't
get us involved, give it away, Introduce some professionals. The
interface between central government and locals become fraught in many places. Anyway,
we're fantastically over counseled in this country. Seventy Ish councils
(02:55):
is madness, especially when we don't care. So let's appoint professionals,
people with experience and credentials, get the mandate from Wellington
and let them get on with it. How many times
do we have to show almost complete and utter disdain
for something before it's broadly accepted that, no matter what
the issue is, how big the moment in time is,
we simply are not that interested.
Speaker 4 (03:15):
Well, I just don't know what to do in this
Nobody who's offering to do anything on my behalf that
I actually want them to. What am I supposed to
vote for somebody I don't who is going to do
things that I don't want them to do it. See
my dilemma. So when I don't vote, I am saying
no to all of them, and I actually want there
to be no counsel exactly like the.
Speaker 3 (03:37):
Husk is suggesting, the rewrap right dollars.
Speaker 4 (03:41):
No matter how many you've got, they're not worth as
many as the dollars in other places.
Speaker 2 (03:45):
Unfortunately, Mike new Zim's got a confidence crisis at the moment,
both domestically and internationally. Domestically, the media is all over
any bad news, and internationally, investacy and opposition government is
going to reverse any progressive moves the minute they get in.
The currency might tell the story. Well it's not a
bad point, but I mean it was the day when
you go to Australia and you're going you're standing there
(04:06):
in Myers and Burke Street mall, or you at David
Jones and you're saying to yourself, or it's one hundred
Australian dollars, how much that's New zeal It's about one
hundred and one dollars fifty, isn't it, Because I mean
it's ninety six ninety seven cents, and every now and
again we have that parity thing, you know, once upon
a time we have party, or can we get to parity.
We never get to parody, of course, but we get
close enough. And therefore it's roughly dollar for dollar now
toda eighty seven. I mean, that's materially different. It's like
(04:28):
being in Europe. Europe used to be sixty. The euro
used to be sixty, and you're going you just add
ten and do your numbers, and suddenly it's forty eight.
And as for the pound, that's a joke. You're like
tripling it. If it's thirty pounds, it's one hundred bucks.
Speaker 4 (04:44):
That's why Vietnam is such a good destination because you
can just you know, becoming a millionaire taking a few
bucks out of the cash machine. It's pretty cool round right.
Speaker 3 (04:56):
I don't really understand what's going on with this Dixon.
Speaker 4 (04:59):
Street Flats building thing. Mike's obsessed those, so I'll let
him spout off about it now.
Speaker 2 (05:07):
The Dixon Street building debarkle. I'm thinking to myself yesterday afternoon,
that Dickson Street building debarcle surely allows us to ask
some questions that the treaty process, doesn't it if you
missed it? Dixon Street Departments, Wellington sold for a million
dollars to Local mari under their treaty deal. The treaty
deal had a first right of refusal clause. Now my assumption,
clearly incorrectly, is you would get first right of refusal
(05:28):
based on the idea that something of cultural or historic
significance was coming to the market, and as local EWE,
you wouldn't want to miss that opportunity. I didn't realize
this was a commercial free for all where anything in
everything for sale goes to Local Mariy first. Further, I
had assumed, clearly wrongly again that in having a first
writer of refusal, that meant the long lost treasure, whether
(05:49):
historic or cultural, would be returned to SAIDI we to
be honored and looked after imperpetuity, not flecked off a
quick profit. So obviously nothing like that is remotely part
of the treaty deal. So first question, why not? Next
question is if it isn't is it commercially acceptable to
have a race based clause when it comes to real estate?
And even if it is, is it commercially acceptable to
(06:11):
sell stuff cheap for if you haven't followed the story.
Five minutes after buying the building for a million bucks,
the new owner sold it for three million. So under
a special deal signed for on our behalf by our government,
we the taxpayer, lose two million dollars on one building.
Next question, how could a crown agency I Eking Aura
think a million dollars was a good price for something
that was clearly worth three million? And in that is
(06:34):
the problem, of course, of not involving the free market.
Next question, did anyone involved in the cloistered deal know
what they were doing? And if not, given its taxpayer's dosh,
why not? Another question? Was the treaty process designed so
tribes could get into the real estate speculation? At what
point was a treaty settlement about putting past wrongs right
(06:55):
versus turning tribes into speculators. This was a bad deal.
The original owners of Dixon Street I US got stiffed,
and we got stiffed because of a race based real
estate clause that arguably should never been part of an
historic arrangement in the first place. Final question, what are
we going to do about it? Or more worryingly, is
there anything we can do about it at all?
Speaker 3 (07:17):
Yeah? So, Mike's pretty hot on this.
Speaker 4 (07:18):
I mean, isn't this just another example of sort of
government bureaucrats public servants not really understanding how life.
Speaker 3 (07:29):
In the real world works.
Speaker 4 (07:32):
I mean, doesn't that just that stuff just keep on
happening even though we keep being told that it's not
going to keep happening.
Speaker 3 (07:38):
There's nothing surprising about this.
Speaker 4 (07:40):
Is there a rewrap now at one place where the
government might be able to make a real world difference
to us, the real people as power if they can
do anything about power prices travelers, can they do anything
about power prices?
Speaker 2 (07:54):
Really, Mike, how does the power get cheaper with renewables?
The answer is supply and demand. So the investment is massive.
More and more supply comes on stream. As supply comes
on stream, the Asian changes. So, in other words, when
you're in the middle of a winter and there is
no power and it hasn't rained, and the wind isn't
(08:14):
blowing and there isn't enough coal, and hydro thermal hasn't
or the geothermal rather hasn't been exploited to its full extent,
the cost per unit, the spot price goes through the roof.
As we've seen for the last couple of winters. If
you have a vast suite of supply, then the demand
will never outstrip the supply. Therefore the price will never spike.
(08:34):
I mean, if you're literally asking how will the price
go down, it won't. Nothing. The price of nothing goes
down also, And this.
Speaker 4 (08:42):
Is something I've never fully understood, and I'm missing something
obvious I know, But like with hydro power and wind
power and sun power, solar power, like you don't have
to buy those things, they are just there. So once
you've got the infrastructure in place, how much is it
(09:02):
really costing you to get to get there to everyone?
Like I said, I'm probably missing something. I mean, water
doesn't grow on trees or the sun. The re wrap
actually speaking of being air quotes climate friendly, close air quotes.
Speaker 3 (09:24):
EV's. I think we that they had just done now,
aren't they.
Speaker 4 (09:30):
Somebody from Australia asked me the other day how the
ev uptake's been here?
Speaker 3 (09:35):
And boy, that was a rollercoaster ride of a story
to tell.
Speaker 2 (09:39):
Ford of announced overy night EV side they had a
thing going on in America. I think it was thirty
seven hundred dollars or was it seventy three hundred dollars
I can't remember which it was, but that was your
subsidy for EV's. So Ford's announced over night they reckoned
the number of EV's and they weren't selling many evs anyway,
because everyone in America wants either an escalator and F
one fifty, either of which a battery. So that goes
(10:00):
as of the first of October, which they expect Ford
expect the sales of pure evs to haver. So it's
hard of what they didn't really have in the first place.
So things in the e V department that game particularly
well staped side.
Speaker 4 (10:13):
Ye're not sure how that affects me. I drive a
forward hybrid. I'm just wondering how much closer it's becoming
to being a collector's item, you know, a classic car.
Not as much as if it was an EV obviously,
but I guess certainly since me moving in that.
Speaker 3 (10:32):
Direction, doesn't it there'll be a rare commodity.
Speaker 4 (10:36):
One of the few people who bought something that was
a little bit better for the environment. Remember those times
as we gasp our lass wreaths, I am I did.
That's not why I bought it. I bought it because
it's the Jupiter run.
Speaker 3 (10:48):
I am clean hat. That was the rewrap and we
will wrap it up again Fordam Morris.
Speaker 1 (11:02):
For more from News Talks'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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