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Speaker 1 (00:09):
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The rewrap.
Speaker 2 (00:25):
O, Good Idea and welcome to the rewrap for Friday.
All the best. That's from the Mike Hosking greekfast on
News Talks Heed be in a Sillier package, I a
Glen Heart and today Retch versus four it's a fight
to the dead. We'll mark the week because oh yeah,
it's Friday. It's what we do. AI isn't stealing all
our jobs apparently, and shean Mike loves it. But before
(00:49):
any of that, as this whole power supply issue, I
think Mike hates it.
Speaker 3 (00:53):
Here's the quote. Every three years, the political goalposts move. Indeed,
we call it an election obviously, but the quote is
from the infrastructure industry. The report out yesterday tells us
the usual tale. The pipeline or lack of it is
an issue, and politics gets in the way. It holds
country back. That Treasury report we featured this week as well,
tells us pretty much the same thing. Their reports spanned
(01:14):
out over forty years and talks of the fear that
our debt will be at two hundred percent of GDP
if we don't do something about it. We've got a
lot of big picture issues that we know our issues,
and yet we haven't been able to crack them. This government,
to be fair to it, has tried the big picture talk.
They have announced a pretty decent pipeline of longer term work,
and they've cited various countries that have a greater level
of political cooperation than we do. Certain sectors and projects
(01:37):
are handled by independent bodies that operate between governments. Projectors
agreed to that project does not interfered with of the
government changes. This week's example gave little hope, sadly, that
we have the maturity to try and change the way
we continue to shoot ourselves in the collective foot Luxe
and wrote to Hipkins about oil and gas exploration. Can
we get cross party agreement? The problem being, although exploration
(01:59):
and applications are back open and we've got a couple
hundred million dollars of taxpayers money to get skin in
the game, the fear is that no one signing up
if you don't know what the rules are going to
be in three years time. Hipkin said it was desperate.
So that's that then, isn't it, which is a shame
and Hipkin should know better, act better, and ask himself
whether he serves the country well with such a myopic response.
No one really is a fan of oil and gas,
(02:21):
are they, But surely we all agree it is a
big help between now and whenever the windmills and solar
panels and batteries are up and running. Does he really
prefer coal? Can he not see that keeping the lights
on is kind of important? Can he not be the
bigger person about it? America, of course, is closed down
currently because the two sides hate each other. We aren't
as bad, but we could be an awful lot better.
(02:42):
Don't you think surely it can't be so hard to
put common economic interest beyond simple party politics. Surely two
major so called center parties can't be so far apart
that a basic like power supply can't be dealt with
in a sibyl and collegial way.
Speaker 2 (03:00):
I mean, at the end of the day, you've basically
got a bunch of people saying we need power, we
want to make power it give us power, whatever it takes.
And then you've got another outfit set of saying, maybe
we can't have all the power that we need and want.
That's sort of what it comes down to, isn't it.
(03:22):
And the way that our society is seid up, it's
easy to see who wins their argument because most people
want to have the lights on and the internet going,
so re wrap whether we can continue to pay the bills,
that's another question. So Mike's I mean quite a little
bit distracted this week by the study that came out
(03:43):
talking about how many of us are ratch and how
many of us poor.
Speaker 3 (03:45):
The other thing I alluded you to earlier on this
week was our wealth and the top ten percent. You
needed to be in the top ten percent of this country.
You needed wealth, sell everything, get rid of your debt.
What have you got left? If you've got a bit
over a million dollars left, you're in the top ten percent.
If you're in the top one percent, you need four
point three million. Several people texted me and went and
that just proves what a poor country we are. And
(04:07):
as it turns out, that's not true. So we find out, So,
for example, America, what do you need to be in
the top one percent of America? Remembering here it's four
point three million in America, it's thirty eight. So bit
of a difference as a million. But in Britain it's
only three and a half. To be in the top
one percent of Britain, you only need three and a
half million, whereas you need four point three Here in
(04:29):
Japan you think, oh, wealthy nation. Wrong, three and a half.
So the wealthy of Japan are the same less wealthy
than they are here to be in the top one
percent India it's only a million bucks on a per
capita basis. Switzerland and Luxembourg have got the highest density
of millionaires. Do you know where it puts us? Through?
The point of this? Where are we in the world
(04:50):
in terms of per head of population? We are the
seventh wealthiest country in the world.
Speaker 2 (04:57):
It's a weird one, though, isn't it? Because basically, from
what you're telling me, they're like populist countries, really populist countries.
Speaker 3 (05:03):
Well, you're bound to have more people, aren't you, And you've.
Speaker 2 (05:05):
Got like heads of poor people and not So. It
doesn't mean that the rich, the really rich people aren't
fabulously wealthy. It just means that they're outnumbered.
Speaker 3 (05:14):
You're talking median versus average, is what you're saying there,
aren't you? But on a perd of population basis, which
is the only way you can do it. We're seven.
Speaker 2 (05:21):
See I'm more of a mean guy than a median guy.
Speaker 3 (05:23):
Usually you reckon.
Speaker 2 (05:24):
Am I misremembering this? There were three things because you
know we always talk about average, but an average isn't
really an average. It's usually a median. Is that right?
Is the is the mean? Which one? Like I was
trying to explain there There used to be one where
you plot everything on a graph and and the number
that came out the most often was called something in
our capital. I don't really remember what that one is called.
(05:47):
That's about when I started turning up late for mess,
once you started doing all that stuff. Rerap right, All
my sources tell me today is Friday, and that's when
we mark the week a week.
Speaker 3 (05:58):
The little piece of news and current events that is
in no need of a government review are the All
Blacks eight. That's what's the best match of rugby in
the competition, in the competition where well basically everyone's beaten everyone,
and we've seen a sign that quality rugby is on
the up, and that's good. Winston Peter's seven, mister Hoskins
quote my words took too long to get there, But
a speech in New York was logical and devoided the
(06:19):
amote of nonsense that has clouded too much of this debate.
Earthquake rules and reform six. The big win for the
government this week lives back to normal common sense restored.
None of it was hard, and yet look at the
damage the old rules had done. Are the power industry
reform for see The weak point for the government this
week not that any of it was bad, because it wasn't,
but what it also wasn't was what they had built
(06:40):
it up to be. Jimmy Kimmel's seven his back ratings
are up and all the stations are back down. Funny
that and a sign that free speech wins, which is
ironic given those who shut him up pretended they like
free speech until clearly they didn't. Ride a cup to sports.
Low point of the week when God looks like WWE
and Rory's missuses and tea is something has gone dreadfully wrong.
(07:01):
Level one two. Yes, water restrictions in September. How about
you Wellingtonday already restrictive the old sprinkler? How does functional
is that?
Speaker 1 (07:10):
Bet?
Speaker 3 (07:10):
You want to vote about it?
Speaker 2 (07:11):
Oh?
Speaker 3 (07:11):
That's right? No, you don't voting one a joke. Turn
out his shocking again. We simply don't care. Tony Blair eight.
So anyone had a better week than Tony Blair Rand Britain.
Now he's going to ring Gaza maybe a maas three.
Bet you anything They say no or yes then no,
or maybe then yes then no or yes then just
(07:33):
stall are the Trump planned six? No president in history
has been a greater friend of the state of Israel.
It has merit. But the two sides just standing there
announcing the future of a region with one major player
missing smacked more of hype than substance to my eye.
New Zealand Doctors eight Most uplifting stat of the week
ninety percent of graduates stay in New Zealand. Who knew
and dispels what clearly is a myth? Noel Lean one?
(07:56):
How many meetings over how many hours do you need?
Where is no Lean? No Lean yell? If you need help?
That's the week. Copies on the website, and good news
is you can store as many of these as you
like in our memory resection for free.
Speaker 2 (08:09):
That's a little dig at Snapchat. You even caught up
with the news. Weirdly, you have to now pay to
keep give things. I've never used Snapchat, and I thought
the whole point of it was that you didn't keep
your things. So that's obviously changed. And nobody told me
(08:31):
it's a rewrap. And that's before you get to AI
and the robots and everything that's coming for us and
taking our jobs or are they.
Speaker 3 (08:39):
As far as I know, it's the first major study
into chat GPT in the States and the job market.
Remember they said, oh my god, Anthropic were one of them,
a leading AI lab. They warned that this was back
in May, that AI was going to cause a dramatical
their word, not mine, a dramatic spike in unemployment. They've
had a look at it. So far. Chat GBT has
been around since twenty twenty two. Does that surprise you?
(09:00):
Surprise me three years old? Anyway, it's made no difference
to the workforce, the general workforce specifically. I mean you
go into tech areas and stuff like that, sure, but
in the general work force so far, it's made no difference.
Speaker 2 (09:11):
It has for me, I had to There was a
pre recorded interview with Jordi Barrett because the all Blacks
are in Perth and we're here and for some reason,
they won't get up in the middle of the night
to talk to us live. So Mike had to record
that interview last night. So how delighted was I when
(09:35):
I got the email to say that the interview had
been recorded by that email at about six thirty last night,
Because then it's my job to transpose. You won't believe this,
but this is true. Go to transpose the questions Mike asks,
because Mirk's not in the studio when he's recording that interview,
just rung up on the phone to do it. And
(09:56):
obviously that doesn't sound very good when we play it back,
So then I had to come in he is to
re record those questions. Then I have to edit those
questions into the interview. Anyway, my point being that, yes,
that was a hassle to have to do those questions
last night to transpose them so I'd be able to
re record them this morning. But much less of a
(10:17):
hassle these days, because AI just does a transcript of
the whole interview without even having to listen to it.
Pretty clever. So, as I've suspected, the robot apocalypse is
actually happening, we just don't realize that it's happening. Clever
clever robot for rerap and that's before they shut the
sell us all that cheap stuff from China.
Speaker 3 (10:38):
Sheen Shine. They've chosen France. They're going bricks and mortar.
I told you bricks and mortars a long way from
when when the biggest Internet player in the world or
one of them, decides to open bricks and mortar. You know,
bricks and mortar's a good place to be. Anyway, They've
decided France is the place for fairly obvious reasons. They're
going to be in concessions and department stores. They're going
to eventually open up once they've done Paris and Dejanim,
(10:59):
those sort of places influential global fashion. I hate Sheen.
I hate what it stands for. I hate everything about it.
You look at the bags, as telling Ryan before, If
you look at their bags, they're just a direct ripoff
of Chanel. And I'm into intellectual property and artistry and designers,
and all these people do is come along and people
I hated.
Speaker 2 (11:17):
One of these days, I'm gonna sort Mike out on
the pronunciation of shean. He always insists on saying sheen, shine, Shine,
sheen and I just don't quite know if he's doing
it on purpose because he hates him so much. I
think he's probably not the target market, to be pivotally honest.
This is the guy who, remember, bought the same, exactly
(11:40):
the same shoes as the King for the coronation. Two
peers made the Kings and Mike's, so yeah, I don't
You can probably get them on shean, but you're probably
not exactly the second I am. Wean hat I'm more
(12:04):
of yan kind of a market than the King's shoes market.
I don't know if you'd be surprised to hear that.
And I'll see you back here again Humbley on Monday
with a for the Monday edition of The Reround.
Speaker 1 (12:17):
The Reround for more from News Talks at b listen
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