October 9, 2024 • 3 mins
The Afternoon Edition of News Fix for 09 October 2024, straight from the Newstalk ZB newsroom - bringing you everything you need to know in news, politics, business, entertainment and sport.
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Episode Transcript
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Speaker 1 (00:04):
Good afternoon. I'm railing Ramsey. This is your afternoon news
fixed for Wednesday, the ninth of October. The official cash
rate is on its way down. The Reserve Bank has
cut the OCR by fifty basis points from five point
two five to four point seventy five percent. It says,
inflations within its one to three percent target range, and
(00:26):
this cut will help maintain that while avoiding unnecessary instability
in parts of the economy. Herald Business Editor at Large
Liam Dan says it's the second drop in a row,
after a twenty five point cut in August. At the
very least, we're coming out of this awful, long grinding
economic cycle, you know through COVID and the inflation. Banks
(00:47):
are responding cutting their home loan and lending rates. The
Audit to General has called the government's process for giving
gun Boot Friday twenty four million dollars unusual and inconsistent.
King's im Hope Foundation is contracted to provide free counseling
for young people for four years. Order to General John
(01:07):
Ryan has found the selection of the supplier and amount
of money was decided without an open and transparent process.
Political Reporter to MEILSA. Jackson has more.
Speaker 2 (01:18):
In a letter to the Health Ministry, Ryan says there
has been no competitive process to ensure Gumboot Friday is
the best provider to deliver services. He says the limited
analysis on whether it is appropriate to directly contract Gumboot
Friday only happened after a decision had already been made.
Speaker 1 (01:36):
The sinking of the Manawanui is a big bump on
the road for the government's plans to improve the defense force.
The one hundred million dollar naval vessel hit a reef
off Samora's coast before catching fire and going under on Sunday.
It's holding around nine hundred and fifty tons of diesel.
Some own officials have declared the site a prohibited area.
(01:58):
Finance Minister Nikola Willis so as there's already significant investment
needed in improving the defense forces capability.
Speaker 3 (02:05):
We've been working on a defense capability plan.
Speaker 2 (02:08):
Now we have another capability that we need to include
in that plan.
Speaker 1 (02:13):
US officials are pleading with people in the pathway of
Hurricane Milton to evacuate. It's expected to make landfall off
Florida's Gulf coast later tomorrow. Our time. Governor Ron DeSantis
says a lot of people have left, but they have
search and rescue teams ready to begin immediate operations when
the storm passes.
Speaker 3 (02:33):
Aerial, water and ground National Guard search and rescue teams.
This is probably the largest National Guard mobilization and advance
of a storm in Florida history.
Speaker 1 (02:45):
The Australian government has waived the diplomatic community of a
man following a fight in Wellington last month. A man
was taken into custody after an altercation between three people,
the man claiming he had diplomatic immunity. The Ministry of
Foreign Affairs and Trade has confirmed it's been waived and
says the matter is now with the New Zealand Police
(03:07):
and In Sport, Hurricanes first five Brett Cameron has been
ruled out of next year's entire Super Rugby season due
to a serious knee injury. Cameron's undergone surgery after damaging
his ACL and is expected to be sidelined for nine months.
Supercar drivers will vie for the championship title in an
(03:28):
elimination final series next year. The calendar will be expanded
to thirty four races across thirteen rounds, and the government's
instructed Sport New Zealand to update their guidelines around transgender
participation in community sport. I'm railing Ramsey. That is your
latest news fix and we'll be back with the next
(03:48):
update tomorrow morning from the news Talk ZEDB newsroom
Good afternoon. I'm railing Ramsey. This is your afternoon news
fixed for Wednesday, the ninth of October. The official cash
rate is on its way down. The Reserve Bank has
cut the OCR by fifty basis points from five point
two five to four point seventy five percent. It says,
inflations within its one to three percent target range, and
(00:26):
this cut will help maintain that while avoiding unnecessary instability
in parts of the economy. Herald Business Editor at Large
Liam Dan says it's the second drop in a row,
after a twenty five point cut in August. At the
very least, we're coming out of this awful, long grinding
economic cycle, you know through COVID and the inflation. Banks
(00:47):
are responding cutting their home loan and lending rates. The
Audit to General has called the government's process for giving
gun Boot Friday twenty four million dollars unusual and inconsistent.
King's im Hope Foundation is contracted to provide free counseling
for young people for four years. Order to General John
(01:07):
Ryan has found the selection of the supplier and amount
of money was decided without an open and transparent process.
Political Reporter to MEILSA. Jackson has more.
Speaker 2 (01:18):
In a letter to the Health Ministry, Ryan says there
has been no competitive process to ensure Gumboot Friday is
the best provider to deliver services. He says the limited
analysis on whether it is appropriate to directly contract Gumboot
Friday only happened after a decision had already been made.
Speaker 1 (01:36):
The sinking of the Manawanui is a big bump on
the road for the government's plans to improve the defense force.
The one hundred million dollar naval vessel hit a reef
off Samora's coast before catching fire and going under on Sunday.
It's holding around nine hundred and fifty tons of diesel.
Some own officials have declared the site a prohibited area.
(01:58):
Finance Minister Nikola Willis so as there's already significant investment
needed in improving the defense forces capability.
Speaker 3 (02:05):
We've been working on a defense capability plan.
Speaker 2 (02:08):
Now we have another capability that we need to include
in that plan.
Speaker 1 (02:13):
US officials are pleading with people in the pathway of
Hurricane Milton to evacuate. It's expected to make landfall off
Florida's Gulf coast later tomorrow. Our time. Governor Ron DeSantis
says a lot of people have left, but they have
search and rescue teams ready to begin immediate operations when
the storm passes.
Speaker 3 (02:33):
Aerial, water and ground National Guard search and rescue teams.
This is probably the largest National Guard mobilization and advance
of a storm in Florida history.
Speaker 1 (02:45):
The Australian government has waived the diplomatic community of a
man following a fight in Wellington last month. A man
was taken into custody after an altercation between three people,
the man claiming he had diplomatic immunity. The Ministry of
Foreign Affairs and Trade has confirmed it's been waived and
says the matter is now with the New Zealand Police
(03:07):
and In Sport, Hurricanes first five Brett Cameron has been
ruled out of next year's entire Super Rugby season due
to a serious knee injury. Cameron's undergone surgery after damaging
his ACL and is expected to be sidelined for nine months.
Supercar drivers will vie for the championship title in an
(03:28):
elimination final series next year. The calendar will be expanded
to thirty four races across thirteen rounds, and the government's
instructed Sport New Zealand to update their guidelines around transgender
participation in community sport. I'm railing Ramsey. That is your
latest news fix and we'll be back with the next
(03:48):
update tomorrow morning from the news Talk ZEDB newsroom
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