Latest / Early Edition with Ryan Bridge / Full Show Podcast: 16 October 2024

Transcript

Full Show Podcast: 16 October 2024 · Early Edition with Ryan Bridge

• 0:01
  Speaker 1: The issues, the interviews and the inside Ryan Bridge new
• 0:08
  Speaker 1: for twenty twenty four on the early edition with Smith City,
• 0:12
  Speaker 1: New Zealand's furniture vans and a play at store.
• 0:14
  Speaker 2: News Talk ZB gooday, good morning, welcome to your Wednesday
• 0:18
  Speaker 2: just gone six half to five News Talk SAIBB. We're
• 0:20
  Speaker 2: talking the CPI today. We're getting the numbers. What is
• 0:24
  Speaker 2: still going up? We'll look at that just before six.
• 0:27
  Speaker 2: Also the pesky Alfresco dining issue. Will check in with
• 0:31
  Speaker 2: a business owner and Totong is shortly Gavin Gray out
• 0:34
  Speaker 2: of the UK, Stephen Frank's former act MP on the
• 0:37
  Speaker 2: Supreme Court Judges getting a bit too big for their
• 0:40
  Speaker 2: boots this morning. We'll look at that as well.
• 0:44
  Speaker 3: The agenda.
• 0:46
  Speaker 2: It is Wednesday, the sixteenth of October. They threatened to
• 0:49
  Speaker 2: do it now. North Korea has blown up roads and
• 0:52
  Speaker 2: railway lines that lead to the border of the South Korea.
• 0:55
  Speaker 2: The escalating tension and result of Pyongyang accusing Soul of
• 0:58
  Speaker 2: violating its airspace using drones to drop leaflets in its
• 1:01
  Speaker 2: capital last week.
• 1:02
  Speaker 4: The scattering of leaflets over the capital city will be
• 1:05
  Speaker 4: regarded as a grave, politically motivated provocation and an infringement
• 1:10
  Speaker 4: upon our sovereignty. But the fact that drones carried the
• 1:13
  Speaker 4: leaflets is at the core of the seriousness of this incident.
• 1:17
  Speaker 2: Alarm bells ding ding ding, warning this morning. Global public
• 1:21
  Speaker 2: debt is set to hit one hundred trillion dollars this year.
• 1:25
  Speaker 2: This is new IMF Forecast's Wellington City Council is doing
• 1:28
  Speaker 2: its part to rack up the bills. You can be
• 1:31
  Speaker 2: sure of that one hundred trillion dollars is ninety three
• 1:35
  Speaker 2: percent of global GDP. That's everything we make as a
• 1:38
  Speaker 2: world will hit one hundred percent by twenty thirty. That
• 1:41
  Speaker 2: is ten percent more than pre COVID. Why worry because
• 1:46
  Speaker 2: when another big shock comes in economic shock, and it will,
• 1:50
  Speaker 2: it increases the risk of sovereign distress. Countries can't pay
• 1:54
  Speaker 2: back their debts and then the world ends.
• 1:57
  Speaker 3: Crazy Nancy Pelosi, she.
• 1:59
  Speaker 2: Is a nuts Nancy Philosis. Still hasn't you report out
• 2:03
  Speaker 2: this morning? Still hasn't spoken to the man that she
• 2:07
  Speaker 2: helped turf out of running for president, Joe Biden. She's
• 2:10
  Speaker 2: the Expeaker of the House, highly respected in the Democratic Party,
• 2:13
  Speaker 2: like the fairy Godmother of the Democrats. Not a word,
• 2:16
  Speaker 2: no phone called, no email, Just one geriatric shoving another
• 2:21
  Speaker 2: out of a seat at the rest Home Lounge.
• 2:24
  Speaker 3: Crazy Nancy Pelosi, She's a nutjob. The news you need
• 2:28
  Speaker 3: this morning and the in depth analysis early edition with
• 2:32
  Speaker 3: Ryan Bridge and Smith City, New Zealand's furniture beds had
• 2:35
  Speaker 3: a playing store news talks.
• 2:37
  Speaker 2: It'd be brutal sport, isn't it? Coming up? Also this morning,
• 2:40
  Speaker 2: I'm going to talk to you about Christopher Luxon and
• 2:43
  Speaker 2: his wealth. Will do that. Just before the news at
• 2:46
  Speaker 2: five point thirty, Global dairy trade. The auction out overnight
• 2:48
  Speaker 2: subdued but good for US, well, could be worse for US.
• 2:52
  Speaker 2: I suppose overall down point three percent. Chear cheese, which
• 2:56
  Speaker 2: is our number one export, was up four point two percent. Sorry,
• 3:00
  Speaker 2: number one cheese export up four point two percent, so
• 3:02
  Speaker 2: that's good. Mozzarella down eight point two percent, quite a
• 3:06
  Speaker 2: big fall there. But the milk powders, which is where
• 3:09
  Speaker 2: we make our bread and butter, skim milk powders down
• 3:12
  Speaker 2: just one point eight and whole milk powders unchanged. So
• 3:15
  Speaker 2: there you go. There's a global dairy trade update. Also
• 3:18
  Speaker 2: this morning, the helicopters, the Mowbrays and the Alley Williams
• 3:22
  Speaker 2: of the world, big loud noisy vehicle. Have you ever
• 3:26
  Speaker 2: lived next door to a bogan you would have experienced
• 3:29
  Speaker 2: similar problems. Just a big loud, noisy vehicle, you know,
• 3:33
  Speaker 2: a modified skyline or something. Is it that big of
• 3:36
  Speaker 2: a deal. I suppose it would be very annoying if
• 3:38
  Speaker 2: you live next door. But they have quite I know
• 3:40
  Speaker 2: the area, they have quite big properties there, so you know,
• 3:44
  Speaker 2: it's not like they're landing on a quarter acre site.
• 3:48
  Speaker 2: Nine nine two the number to text. I don't know.
• 3:50
  Speaker 2: I don't think it's that big of a deal, although
• 3:51
  Speaker 2: if I live next door, I probably would, as I
• 3:54
  Speaker 2: did when I live next door to Bogans. They said
• 3:56
  Speaker 2: that it might affect the Pahota Kawa. The reason that
• 3:59
  Speaker 2: they had publicly notifying this issue is because the Perhudakawa trees.
• 4:04
  Speaker 2: They haven't done an incident report on the Perhudakawa trees
• 4:09
  Speaker 2: and how a helicopter might affect them. How would a
• 4:13
  Speaker 2: helicopter affect a perhuda carbatry unless it crashes into it.
• 4:17
  Speaker 2: Is it something about the down rotation? I don't know anyway,
• 4:20
  Speaker 2: N nine and two we'd love your views on that. Also,
• 4:23
  Speaker 2: this morning, the booms and the Alfresco dining strips. It's
• 4:27
  Speaker 2: all about the bits in between. We're basically having lots
• 4:30
  Speaker 2: of border disputes, the bits between your private land, whether
• 4:34
  Speaker 2: it's a business, whether it's a home, and the council's
• 4:38
  Speaker 2: part of it. So the Alfresco dining strips in your
• 4:41
  Speaker 2: main malls and cities and towns, and your nature strep
• 4:46
  Speaker 2: what the Australians call a nature strep, or what we
• 4:50
  Speaker 2: call a boom where you know you park your car.
• 4:53
  Speaker 2: I don't know what you do on your berms. What
• 4:55
  Speaker 2: do you want to do on your booms? Tell me?
• 4:57
  Speaker 2: Nine two eleven minutes after five news talks.
• 4:59
  Speaker 3: They'd been graham Bridge.
• 5:04
  Speaker 2: Now Boeing this morning. I like to keep you abreast
• 5:06
  Speaker 2: of what's happening with Boeing. In last week, I think
• 5:09
  Speaker 2: it was we talked about the five billion dollar cost
• 5:11
  Speaker 2: of these strikes. This is the workers going on strike
• 5:14
  Speaker 2: asking for was it twenty five percent lego twenty five
• 5:17
  Speaker 2: percent pay increases? Actually I think it might have been
• 5:21
  Speaker 2: thirty five percent. They were pushing to forty. Anyway, Boeing
• 5:25
  Speaker 2: needs some cash obviously because this is costing them a
• 5:28
  Speaker 2: butt ton of money. So they are moving to sell
• 5:31
  Speaker 2: new stock, wanting to raise at least ten billion dollars.
• 5:35
  Speaker 2: The last time Boeing turned a profit was twenty and eighteen.
• 5:40
  Speaker 2: Someone says, why don't the mobras they want forty percent
• 5:44
  Speaker 2: of the workers. Why don't the mobrays drive fifteen minutes
• 5:48
  Speaker 2: down to mechanics space so precious. It's not a fifteen
• 5:52
  Speaker 2: minute drive. You've got cycle ways, You've got traffic nightmare.
• 6:00
  Speaker 2: If I had a helicopter, I'd just blat everywhere in it.
• 6:05
  Speaker 2: Twelve minutes after five.
• 6:13
  Speaker 3: Get ahead of the headlines, Ryan Bridge you for twenty
• 6:16
  Speaker 3: twenty four on early edition with Smith City, New Zealand's
• 6:20
  Speaker 3: furniture beds and a playing store. News Talk said.
• 6:23
  Speaker 2: Be fourteen after five on news Talk said, Big Kamala
• 6:25
  Speaker 2: Harris is going after black voters. Oh, shouldn't that sounds odd?
• 6:29
  Speaker 2: She's not going after them, She's going after their votes.
• 6:33
  Speaker 2: I'll tell you why and how she's planning to do that.
• 6:35
  Speaker 2: Why she's so worried about Donald Trump. New construction costs
• 6:39
  Speaker 2: monitor out this morning. This is call Logic's latest Cordell
• 6:42
  Speaker 2: construction cost index. It recorded a one point one percent
• 6:46
  Speaker 2: rise in the September quarter that reverses a fall in
• 6:49
  Speaker 2: quarter two annual growth this is construction cost Annual growth
• 6:55
  Speaker 2: is subdued at one point three percent, so it's still up,
• 6:58
  Speaker 2: but only slightly. The average long term is four point
• 7:00
  Speaker 2: three percent. So if you want to build a house,
• 7:03
  Speaker 2: if you want to renovate your house, now's the time
• 7:06
  Speaker 2: to do it. There's a bit of slack in the
• 7:07
  Speaker 2: labor market, but a slack in the materials market too.
• 7:10
  Speaker 2: It's quarter past five, bread rich nationwide Alfresco fiasco. Queenstown
• 7:16
  Speaker 2: now the latest city to be hit by this issue.
• 7:20
  Speaker 2: Hospitality business, the hotels are in z that their outdoor
• 7:23
  Speaker 2: dining fees are going up fifteen hundred percent. One business
• 7:27
  Speaker 2: used to pay an annual cost of three thousand dollars
• 7:30
  Speaker 2: to the council. That's now going to go up to
• 7:32
  Speaker 2: more than fifty thousand dollars. Apparently they're charging a percentage
• 7:37
  Speaker 2: of the indoor rent. Totong has been having issues and
• 7:40
  Speaker 2: Veronica di Olivera is the Black Orchid Collective cafe owner
• 7:45
  Speaker 2: and she's with me this morning.
• 7:46
  Speaker 3: Good morning, good morning.
• 7:49
  Speaker 2: How are you very well? Thanks Veronica? How much are
• 7:51
  Speaker 2: you paying where you are?
• 7:54
  Speaker 5: Well? Well, I'm not pee, yes, but it would probably
• 7:58
  Speaker 5: be paying over a thousand dollar for like little three
• 8:02
  Speaker 5: tables they have in front of my business at the moment.
• 8:05
  Speaker 5: So it's just quite a bit just for the space
• 8:09
  Speaker 5: I'm using actually.
• 8:10
  Speaker 2: And this is because at the moment you're paying nothing
• 8:13
  Speaker 2: because you haven't needed a license. They're introducing the licenses
• 8:16
  Speaker 2: and they up coming with a fee exactly.
• 8:19
  Speaker 5: So they have decided last July that all the business
• 8:24
  Speaker 5: downtown and now we'll have to stay feats out. So
• 8:27
  Speaker 5: it's about one hundred and fifty dollars staty square meter.
• 8:31
  Speaker 5: There's a five hundred dollars administration feeds. I'm not very
• 8:35
  Speaker 5: sure what is it about. But yeah, so for the
• 8:40
  Speaker 5: space that I have now, I would be saying at
• 8:43
  Speaker 5: least like five square meters, right, can.
• 8:47
  Speaker 2: You describe the space for us? Is it on the
• 8:49
  Speaker 2: footpath or.
• 8:51
  Speaker 5: Where it's on the footpaths?
• 8:53
  Speaker 6: Yeah?
• 8:53
  Speaker 5: Yeah, and front off my casa.
• 8:56
  Speaker 2: Do your tables block the footpath or anyone you know
• 9:00
  Speaker 2: you're decirable or the older.
• 9:01
  Speaker 5: La or no, definitely not. It's actually like rules, friends,
• 9:06
  Speaker 5: so all the business amounts or probably in New Zealand
• 9:11
  Speaker 5: have to follow the rules. Like it's like I don't
• 9:15
  Speaker 5: know how many meters, but that is a space that
• 9:19
  Speaker 5: you need to live for the people to pass. So
• 9:23
  Speaker 5: I understand the fact that they want to control a
• 9:26
  Speaker 5: little bit because the summer time is quite busy and
• 9:29
  Speaker 5: you can't really pass. But it's the only time of
• 9:32
  Speaker 5: the year that we actually is very busy. That's the
• 9:35
  Speaker 5: time that we actually make money, you know, when the
• 9:40
  Speaker 5: city is the thing. So it's like the style of
• 9:44
  Speaker 5: the mount is the soul of the mount, and this
• 9:47
  Speaker 5: what's happening now, I believe a lot of people will
• 9:50
  Speaker 5: rebel against and we're going to lose a few of
• 9:52
  Speaker 5: these little tables outside and we'll just you know, make
• 9:56
  Speaker 5: the city quieter.
• 9:58
  Speaker 2: Yeah, it's nice to have people outside, and it does
• 10:00
  Speaker 2: make the city look busy. As you say, Veronica, thank
• 10:02
  Speaker 2: you very much for joining us. Veronica de Olivera. She's
• 10:06
  Speaker 2: the Black Orchid Collective cafe owner in Totonga and she's
• 10:09
  Speaker 2: going to be paying one thousand dollars a year for
• 10:11
  Speaker 2: three tables on the footpath. Thoughts nine two ninety two
• 10:14
  Speaker 2: is the number to text problems. Councils have got no money,
• 10:17
  Speaker 2: no no innovative ways of raising revenues, so they're coming
• 10:21
  Speaker 2: up with every here brain scheme that they can find
• 10:24
  Speaker 2: to try and keep themselves afloat eighteen minutes after five.
• 10:28
  Speaker 2: Coming up next are our judges getting too big for
• 10:30
  Speaker 2: their boots? And what about Luxon's wealth On.
• 10:34
  Speaker 3: Your radio and online on iHeartRadio early edition with Ryan
• 10:38
  Speaker 3: Bridge and Smith City, New Zealand's furniture Beds and a
• 10:42
  Speaker 3: playing Store Youth Talk zid BE.
• 10:44
  Speaker 2: Five twenty just before six the Sorry the CPI. What
• 10:48
  Speaker 2: is still going up? Lots of texts coming in on
• 10:51
  Speaker 2: this issue of Alfresco dining, Ryan mount Monganui is horrible
• 10:56
  Speaker 2: for walking down the main streets. Maybe only two shoulder
• 10:59
  Speaker 2: wits to get parts. Not enough room, Ryan, listening to
• 11:01
  Speaker 2: you in San Francisco, says Janet, Good morning, Janet. Surely
• 11:05
  Speaker 2: there are bureaucrats who lie in Bet at night thinking
• 11:07
  Speaker 2: of ways to generate cash for the council. I bet
• 11:09
  Speaker 2: you're right, and I bet they're listening right now. Twenty
• 11:11
  Speaker 2: one after five, Ryan Bridge, The Supreme Court justices getting
• 11:16
  Speaker 2: a bit big for their boots? Do we think? Can
• 11:18
  Speaker 2: you report? From the New Zealand Initiative, the think tank
• 11:20
  Speaker 2: suggests a time limit for judges of the Supreme Court
• 11:23
  Speaker 2: would help to guard against them getting quote an exaggerated
• 11:26
  Speaker 2: view of their role. It says the Court is straying
• 11:29
  Speaker 2: into Parliament's to Maine and is granting itself the power
• 11:31
  Speaker 2: to rewrite legislation and essentially that it doesn't like The
• 11:35
  Speaker 2: report suggests a bit of a rotation system. Stephen Franks
• 11:38
  Speaker 2: is a lawyer at Frank's Ogilvy and is a former
• 11:41
  Speaker 2: act MP. He's with me this morning. Good morning Stephen,
• 11:44
  Speaker 2: Good morning Ryan. Good to have you on the show.
• 11:46
  Speaker 2: Are they too big for their boots? Do you reckon?
• 11:49
  Speaker 6: I think the report makes a very compelling case and
• 11:52
  Speaker 6: there's been a lot of sort of vote grumbling about
• 11:55
  Speaker 6: it and makes lawyers for some time. There was a
• 11:59
  Speaker 6: celebration of it it's twentieth anniversary earlier this year where
• 12:04
  Speaker 6: one of the probably the most eminent QKC presented a
• 12:10
  Speaker 6: paper where he said they're making the law, not the law.
• 12:14
  Speaker 6: It's ceasing to be predictable because they've decided they can
• 12:17
  Speaker 6: change it to develop it in accordance with their view
• 12:20
  Speaker 6: of social values. But it didn't really get a lot
• 12:23
  Speaker 6: as much attention as you'd expect. It was addressed to
• 12:26
  Speaker 6: a lot of lawyers, but for a major business organization
• 12:30
  Speaker 6: to be as blunts is pretty unprecedented.
• 12:33
  Speaker 2: Yeah. I remember a friend of mine showing me that
• 12:35
  Speaker 2: article saying this is important. I think it's for most people.
• 12:39
  Speaker 2: It's like, oh, a judge's court, Supreme Court. But what
• 12:42
  Speaker 2: they're doing were their two issues, right, loosely interpreting the
• 12:45
  Speaker 2: laws that Parliament makes and then getting a little bit
• 12:49
  Speaker 2: activist on common law.
• 12:52
  Speaker 6: Yes, yeah, they're both part of the same thing though,
• 12:56
  Speaker 6: and a view that their role isn't to apply the
• 13:01
  Speaker 6: law as it is. Their role is to develop the
• 13:04
  Speaker 6: law in accordance with their view of when New Zealand
• 13:07
  Speaker 6: should be going in their social values, which is exactly
• 13:11
  Speaker 6: what democracy is supposed to control. So the problem for
• 13:17
  Speaker 6: a country when your institutions don't stay in their lane
• 13:22
  Speaker 6: can be quite dire. Israel was really stuck in that
• 13:28
  Speaker 6: until the attacking year ago. Israel was paralyzed by their
• 13:32
  Speaker 6: Supreme Court doing a similar thing. And so these aren't unprecedented,
• 13:36
  Speaker 6: but they can lead to very long periods of chaos.
• 13:40
  Speaker 2: How do you put judges back in their place?
• 13:44
  Speaker 6: Well, the report suggests five different ways of doing it,
• 13:47
  Speaker 6: and one of them basically just a reminder of what
• 13:51
  Speaker 6: the rule of law is that it's a rule of
• 13:54
  Speaker 6: rules that you can find out in advance and read
• 13:57
  Speaker 6: and understand, and you don't have to go to the
• 13:59
  Speaker 6: court to find out what the law is. It's for
• 14:02
  Speaker 6: most cases except the boundary cases, it's easily found out.
• 14:05
  Speaker 6: So they suggested that they could write a description of
• 14:09
  Speaker 6: what they called a thin rule of law. The court's
• 14:12
  Speaker 6: been talking about a thick rule of law which allows
• 14:15
  Speaker 6: them to proceed with decolonization, which no one knows what
• 14:21
  Speaker 6: that means, but they apparently think they know, and that
• 14:25
  Speaker 6: teak anger is an original part of New Zealand law.
• 14:29
  Speaker 6: Will custom has always been important in making decisions where
• 14:33
  Speaker 6: customs relevant. But one of the things pointed out in
• 14:39
  Speaker 6: this report is that in the Alis decision, which didn't
• 14:42
  Speaker 6: involve Mari, the courts decided to bring in tea hunger
• 14:49
  Speaker 6: as a factor, and then one of the judges said
• 14:54
  Speaker 6: that the court can declact tea Kanger, but it can't
• 14:58
  Speaker 6: change it, which is sort of very odd because they
• 15:03
  Speaker 6: only discover it by asking Mario old is what it
• 15:06
  Speaker 6: is or what it was? And the idea that it's
• 15:10
  Speaker 6: then more immutable than something that they say is very peculiar. Anyway,
• 15:18
  Speaker 6: they just confused everyone. No one knows what it is
• 15:20
  Speaker 6: now and.
• 15:21
  Speaker 2: That is part of the problem, is the confusion and
• 15:24
  Speaker 2: who's who has who should have final say. I mean,
• 15:27
  Speaker 2: if Parliament makes a law you think, you know, it's
• 15:29
  Speaker 2: the court job to just you know, interpret it, follow it. Stephen,
• 15:33
  Speaker 2: thank you very much for joining us this morning. We
• 15:35
  Speaker 2: do have to believe it. There Stephen Franks, Wellington, lawyer
• 15:37
  Speaker 2: at Frank's Ogilvy. The report is by the New Zealand Initiative.
• 15:40
  Speaker 2: It's up on their website. I do employee to go
• 15:42
  Speaker 2: and have a look. Twenty six after five the early edition.
• 15:45
  Speaker 3: Full The Show podcast on iHeartRadio Power by Newstalks.
• 15:51
  Speaker 2: Five News talks theb SO Luxeon's out of touch apparently,
• 15:56
  Speaker 2: name me one politician, one prime minister, one president in
• 15:59
  Speaker 2: the world who's in touch, doesn't matter which side of
• 16:02
  Speaker 2: politics they're on. Albanesi Labor, he's just bought a four
• 16:05
  Speaker 2: million dollar cliff top mansion north of Sydney. Keir Starmer Labor,
• 16:09
  Speaker 2: He's worth ten million New Zealand dollars excluding all the
• 16:12
  Speaker 2: don of freebies. Karmela Harris worth thirteen million New Zealand
• 16:15
  Speaker 2: dollars dollars. Tory Farno won Lotto Richie soon acts a
• 16:18
  Speaker 2: billionaire just into are doing gets three hundred thousand dollars
• 16:21
  Speaker 2: per speaking. Chris Hipkins has multiple properties, so they are
• 16:25
  Speaker 2: all rich. The question is does it really matter? And
• 16:29
  Speaker 2: why the question in the first place. Would we rather
• 16:32
  Speaker 2: they only got rich through public office? As Albanese seems
• 16:37
  Speaker 2: to be admitting. He says, I'm fortunate and much better
• 16:40
  Speaker 2: off as prime minister. Personally, I'd rather they manage to
• 16:46
  Speaker 2: build a business, run a company, or do something productive
• 16:49
  Speaker 2: first to earn their wealth, rather than just walk into
• 16:51
  Speaker 2: a job as prime minister and get rich that way
• 16:54
  Speaker 2: or when lotto. If somebody had experience running a charity
• 16:59
  Speaker 2: or something like that, wasn't paid very well, but was
• 17:01
  Speaker 2: skilled and motivated and strategic, then I'd vote for them too.
• 17:04
  Speaker 2: It's about experience. It's not shouldn't be about surely how
• 17:08
  Speaker 2: wealthy you are or how poor you are. What matters
• 17:12
  Speaker 2: is how well you can run an economy so that
• 17:16
  Speaker 2: hard working people can get ahead. Just ask Donald Trump.
• 17:20
  Speaker 2: He's about to be re elected despite being born with
• 17:23
  Speaker 2: a silver spoon in his mouth for exactly that record.
• 17:27
  Speaker 2: Under his last watch News talk said b it is news.
• 17:30
  Speaker 3: Time, News and Views you trust to start your day's
• 17:42
  Speaker 3: early edition with Ryan Bridge and Smith City, New Zealand's
• 17:46
  Speaker 3: furniture Beds and a flying store. News talk said, be.
• 17:57
  Speaker 2: Good morning New Zealand. Twenty four away from six year
• 17:59
  Speaker 2: on news talks be coming up just before six. We
• 18:01
  Speaker 2: look at the CPI inflation data coming out today. What
• 18:05
  Speaker 2: is still going up? And do we need to worry
• 18:07
  Speaker 2: about it? Spoiler alert your rates? Also Wellington City Council. Yeah,
• 18:14
  Speaker 2: it's a mess, but I don't think they should send
• 18:16
  Speaker 2: a commissioner and I don't think they should do anything. Actually,
• 18:18
  Speaker 2: I think Wellington needs to that they've made their bed
• 18:22
  Speaker 2: voting in that lot and they need to lie in it,
• 18:24
  Speaker 2: no matter the discomfort to their backs. It is twenty
• 18:29
  Speaker 2: three minutes away from six. The comet? Did anyone see
• 18:32
  Speaker 2: it last night? Apparently last night was the first night
• 18:34
  Speaker 2: you could see the comet? Where did you see it from?
• 18:36
  Speaker 2: Can you describe it for us? Give us a WEE
• 18:38
  Speaker 2: report nine to nine two as the numbered text who
• 18:41
  Speaker 2: you with? Eighty thousand years ago was the last time
• 18:45
  Speaker 2: it was visible from earth? Apparently? Now this is one
• 18:50
  Speaker 2: piece of news that's not great this morning. But I
• 18:53
  Speaker 2: thought I would share it with you. This is the
• 18:56
  Speaker 2: world's push to end poverty. And remember we had the
• 18:59
  Speaker 2: UN goal of ending extreme poverty by twenty thirty. Well,
• 19:03
  Speaker 2: twenty thirty is creeping upon us. It's basically impossible on
• 19:07
  Speaker 2: current trends. It's going to take us more than three
• 19:10
  Speaker 2: decades to hit this. This is to lift nearly seven
• 19:14
  Speaker 2: hundred million people living on less than two dollars fifteen
• 19:18
  Speaker 2: a day above the widely accepted definition of extreme poverty.
• 19:22
  Speaker 2: In other words, we have failed. Good morning, What can
• 19:28
  Speaker 2: you say at least you're not living on two dollars
• 19:30
  Speaker 2: fifteen a day. I suppose Ry and Bridge right, We're
• 19:33
  Speaker 2: going to have reporters around the country and we're starting
• 19:36
  Speaker 2: this morning and needing with Calum cullum.
• 19:38
  Speaker 7: What you got for us the last study out of
• 19:41
  Speaker 7: the university here, Ryan, and it's hoped that what was
• 19:45
  Speaker 7: a major international study led by Otaga University will put
• 19:49
  Speaker 7: to bed false. Smith's about a chronic illness and we're
• 19:52
  Speaker 7: talking about gout. I've confirmed that inherited genetics, rather than
• 19:57
  Speaker 7: lifestyle choices, is a major cause of gout. If they
• 20:00
  Speaker 7: saw two point six million people's genetic information analyzed and
• 20:03
  Speaker 7: the authors of the study hope that the findings will
• 20:05
  Speaker 7: remove some of gout's social stigma, as many incorrectly assumans
• 20:10
  Speaker 7: caused by a poor diet and excess of alcohol consumption.
• 20:14
  Speaker 7: They say that, look, well that can trigger gout, its
• 20:16
  Speaker 7: cause is largely due to an immune system already primed
• 20:19
  Speaker 7: for those attacks.
• 20:20
  Speaker 2: Okay, interesting. How's your weather today.
• 20:23
  Speaker 7: Cloud clearing to find spells this afternoon lights southeasties and
• 20:26
  Speaker 7: twelve today.
• 20:27
  Speaker 2: Thank you Claire Edwards and christ Church this morning clear,
• 20:29
  Speaker 2: Good morning to you.
• 20:31
  Speaker 8: Good morning.
• 20:31
  Speaker 2: You've got new documents looking at the government's decision to
• 20:35
  Speaker 2: decline more cash for the christ Church Cathedral.
• 20:39
  Speaker 9: Yes, the cathedral again, it's been a long running story
• 20:42
  Speaker 9: here in Christchurch, and of course you'll know that the
• 20:44
  Speaker 9: restoration work has been paused indefinitely following that eighty five
• 20:49
  Speaker 9: million dollars shortfall. A Treasury report has been released and
• 20:52
  Speaker 9: it highlights that giving additional taxpayer cash you wouldn't have
• 20:56
  Speaker 9: proved a sufficient value for money or public benefits, particularly
• 21:01
  Speaker 9: given the building would be privately owned. In this report,
• 21:04
  Speaker 9: it highlights that the cathedral was not keen to provide
• 21:07
  Speaker 9: similar facilities as the Cardboard Cathedral does it wouldn't relax
• 21:11
  Speaker 9: rules around hosting services, including weddings for any other faiths
• 21:16
  Speaker 9: or events that include food. There was, in the end
• 21:19
  Speaker 9: little confidence that further cost flowouts would not occur as well.
• 21:22
  Speaker 9: Christ Church Cathedral Reinstatement Limited has declined to comment further.
• 21:27
  Speaker 2: All right, how's your weather today, Claire fine?
• 21:29
  Speaker 9: Aside from the morning and evening cloud southwesterly is easing
• 21:33
  Speaker 9: and higher.
• 21:33
  Speaker 8: Fourteen.
• 21:34
  Speaker 2: Thank you Maxis and Wellington Max good morning to you.
• 21:37
  Speaker 2: Good morning. Now the council business, I don't think they're
• 21:42
  Speaker 2: going to send the commissioner, and I don't even think
• 21:43
  Speaker 2: they'll probably send an observer. And you've got less than
• 21:46
  Speaker 2: the years of an election to stick it out.
• 21:49
  Speaker 10: Yeah, and it's almost a sort of no going back
• 21:51
  Speaker 10: thing once it happens. Right, it's certainly the big story
• 21:56
  Speaker 10: in town at the moment, said The Wellington City Council
• 21:58
  Speaker 10: now incidentally been told that, as a major shareholder of
• 22:01
  Speaker 10: the airport, of course not going through with its sale
• 22:04
  Speaker 10: of its shares, that it could be called upon to
• 22:06
  Speaker 10: provide hundreds of millions of dollars for the airport's expansion plans.
• 22:11
  Speaker 10: A good story by Georgina Campbell and the Herald. This
• 22:13
  Speaker 10: is part of the airport's twenty forty master plan, which
• 22:16
  Speaker 10: includes a billion dollars of investment for terminal expansion, runway expansion,
• 22:21
  Speaker 10: freight facilities, and new modern fire station. This could all
• 22:25
  Speaker 10: cost hundreds of millions as needed over the next ten
• 22:27
  Speaker 10: or so years. Of course, by not doing this share sale.
• 22:32
  Speaker 10: The council already this week starting talks on how they
• 22:35
  Speaker 10: might fill the funding hole that could be up to
• 22:37
  Speaker 10: six hundred million dollars deep. Getting the same message from
• 22:40
  Speaker 10: Seniorment government figures Crown intervention very much a possibility, Same
• 22:45
  Speaker 10: and Brown receiving advice feels like there's more to come here.
• 22:49
  Speaker 2: Goodness, may how's your weather today? Ironically I'm going to
• 22:52
  Speaker 2: be m seeing an event in Wellington tonight where Tory
• 22:54
  Speaker 2: Faro and Christopher Luxen due to being attendance. So I'll
• 22:58
  Speaker 2: report back to you tomorrow and what happens.
• 23:00
  Speaker 10: There you go. You can voice your concerns directly on
• 23:03
  Speaker 10: behalf of on behalf of you and the good people
• 23:05
  Speaker 10: of Wellington.
• 23:06
  Speaker 2: How's the weather for my arrival today?
• 23:08
  Speaker 10: It should it should be fine later on rolling up
• 23:12
  Speaker 10: the red carpet. A bit of cloud and drizzle this morning.
• 23:14
  Speaker 10: Twelve the High Central.
• 23:15
  Speaker 2: Thank you Nevas Andy, Neva.
• 23:17
  Speaker 8: Oh laugh of your flight was delayed or canceled?
• 23:20
  Speaker 2: Don't you do then bumbling off a jet Star flight. Well, no,
• 23:25
  Speaker 2: if it gets canceled, I don't know it'supposed. I'll hire
• 23:28
  Speaker 2: someone local.
• 23:29
  Speaker 8: No, there won't. It won't be putting out positive thoughts
• 23:32
  Speaker 8: out there.
• 23:32
  Speaker 2: Hey, the police are warning about Halloween.
• 23:36
  Speaker 8: Yes, no, these flipping myth and fetaman Lolly.
• 23:39
  Speaker 11: So what I can tell you is that the police
• 23:41
  Speaker 11: are calling for extra vigilance this Halloween. The myth anfetamine
• 23:44
  Speaker 11: disguises Lolly still believed to be in the community. Now
• 23:47
  Speaker 11: you'll remember it's been two months now since Auckland City
• 23:50
  Speaker 11: Mission reported that Lolly's have been inadvertently sent out. This
• 23:53
  Speaker 11: was to food parcel recipients. Now, Glenn Baldwin, the detective
• 23:57
  Speaker 11: inspected there. He says police week they can now account
• 24:01
  Speaker 11: for sixty one blocks of pure myth, but they believe
• 24:03
  Speaker 11: they're around seventy five Lollies in the community overall, and
• 24:07
  Speaker 11: there've been no arrest so during that period. So what
• 24:11
  Speaker 11: you know, Glenn Baldwin is saying, you know, ahead of Halloween,
• 24:14
  Speaker 11: this is a warning vital public be aware because they
• 24:17
  Speaker 11: were the Render brand pineapple lollies, and just ensure that
• 24:21
  Speaker 11: you know, if you see them, bring them in, take
• 24:23
  Speaker 11: them to police.
• 24:24
  Speaker 2: Yeah, terrible, it was terrible. I'd be a bit worried
• 24:27
  Speaker 2: just in general, just this Halloween. It is out there.
• 24:30
  Speaker 8: If you hit exactly, I don't know.
• 24:32
  Speaker 2: Yeah, we'ather today.
• 24:34
  Speaker 11: Find at first cloud increasing this afternoon. Auckland's HIG eighteen brilliant.
• 24:38
  Speaker 2: Thank you. Some very funny texts coming in on gout
• 24:40
  Speaker 2: of all things. We'll get to those in a second.
• 24:42
  Speaker 2: Seventeen away from six. Don't forget the inflation data out today.
• 24:46
  Speaker 2: What do you need to know? What is still going up?
• 24:49
  Speaker 2: It includes rates, It includes insurance. Does that mean anything
• 24:52
  Speaker 2: for your mortgage interest rates? All right? So your morning commute,
• 24:57
  Speaker 2: you've got your coffee in hand, and you're already thinking
• 24:59
  Speaker 2: about that to do list. Right, maybe it's finally time
• 25:02
  Speaker 2: to upgrade the couch or get those appliances sorted. While
• 25:04
  Speaker 2: Smith City, as you covered, they've been nailing it for
• 25:07
  Speaker 2: more than one hundred years, still one hundred percent care
• 25:10
  Speaker 2: we owned, and they've got everything you need for your home,
• 25:12
  Speaker 2: whether it's trending furniture, the traditional comforts of lazy boy
• 25:15
  Speaker 2: beds from New Zealand's trusted Sleepyhead brand or top brand
• 25:19
  Speaker 2: appliances like Samsung, alg Fisher and Pikel and Bosh. And
• 25:23
  Speaker 2: here's the kick and the deals are insane amazing discounts
• 25:26
  Speaker 2: across the board and if you find a better deal
• 25:28
  Speaker 2: someplace else, they will match it. Why waste time when
• 25:32
  Speaker 2: smith City is right there and it gets better earn
• 25:35
  Speaker 2: airpoints dollars while you shop deck out your home, stack
• 25:38
  Speaker 2: up for your next holiday. At the same time, it's
• 25:40
  Speaker 2: a win win. Smith City eighteen stores nationwide, including the
• 25:43
  Speaker 2: new one at white Oak Park, or you can shop
• 25:46
  Speaker 2: online smith City dot co dot.
• 25:47
  Speaker 3: INZ International Correspondence with Ens and Eye Insurance Peace of
• 25:52
  Speaker 3: mind for New Zealand business.
• 25:54
  Speaker 2: The UK is hitting extremist settler groups in the West
• 25:57
  Speaker 2: Bank with sanctions. Gavin Gray's are UK You correspondent Givin
• 26:00
  Speaker 2: what's this about?
• 26:02
  Speaker 12: Yeah, just been announced ran that the UK Foreign Minister
• 26:05
  Speaker 12: David Lammy and this government here in the UK criticizing
• 26:09
  Speaker 12: the inaction of the Israeli government is the quote for
• 26:12
  Speaker 12: allowing impunity to flourish among the extremest settlers. What does
• 26:16
  Speaker 12: this mean? Well, it means, of course, the settlers who
• 26:18
  Speaker 12: are in the West Bank said to be conducting a
• 26:22
  Speaker 12: campaign of violence against the Palestinian communities in the occupied territory,
• 26:27
  Speaker 12: and another quote from the speech henous abuses of human
• 26:30
  Speaker 12: rights against those Palestinian communities. So several outposts within that
• 26:36
  Speaker 12: area have been included in the sanctions, along with four organizations.
• 26:40
  Speaker 12: These are a religious school known to promote violence against
• 26:43
  Speaker 12: non Jews, a group which provides volunteers for illegal outposts,
• 26:47
  Speaker 12: a registered charity which provides financial support to the settlements,
• 26:51
  Speaker 12: and a construction company which is thought to be one
• 26:54
  Speaker 12: of the main construction companies in those disputed territories. Indeed,
• 26:58
  Speaker 12: it comes as the former Foreign Secretary Lord David Cameron
• 27:02
  Speaker 12: revealed the previous government had also been preparing the sanction
• 27:05
  Speaker 12: to Israeli ministers over comments encouraging blocking aid to Gaza.
• 27:10
  Speaker 2: Very quickly on this novachok business, the Russian spy that
• 27:14
  Speaker 2: the Russians were trying to former Russian spy the Russians
• 27:16
  Speaker 2: trying to kill it in the UK in twenty eighteen.
• 27:19
  Speaker 2: That vial of nov chop the poison quite a lot,
• 27:23
  Speaker 2: quite a lot in near by the sounds of.
• 27:25
  Speaker 12: It yeah, and it was left discarded in a perfume
• 27:29
  Speaker 12: bottle and then left in a bin. Somebody picked it
• 27:33
  Speaker 12: up and thought it was a very expensive perfume, put
• 27:36
  Speaker 12: it on themselves and sadly died. And that's the inquiry
• 27:39
  Speaker 12: that's going on at the moment now. On hearing from
• 27:42
  Speaker 12: special chemists and from those in the field saying there
• 27:47
  Speaker 12: was enough of this nerve agent novichok to kill thousands
• 27:50
  Speaker 12: of people. It really is quite something that makes you
• 27:53
  Speaker 12: take a deep breath, doesn't it? The idea that enough
• 27:56
  Speaker 12: was being brought into the country to do that. And
• 27:59
  Speaker 12: in this terrible that inquiry, her mother has described the
• 28:01
  Speaker 12: victim as intelligent, extreme meself as in a very kind person,
• 28:05
  Speaker 12: saying she took comfort from the fact nobody else died.
• 28:08
  Speaker 2: Yeah, well absolutely, Gavin, thank you for that. Gavin gray Are,
• 28:11
  Speaker 2: UK europe correspondent. I suppose it's insurance, isn't it. It
• 28:15
  Speaker 2: takes take enough to kill a thousand people, and even
• 28:18
  Speaker 2: though you only get one or two eleven minutes away
• 28:22
  Speaker 2: from six news talks. Mb raal Bridge inflation numbers are
• 28:26
  Speaker 2: out today. Four casts are predicting a quarterly rise of
• 28:29
  Speaker 2: between point seven point eight percent, taking US to just
• 28:31
  Speaker 2: over two percent, and you know what that means. That
• 28:34
  Speaker 2: puts us back in the box the Reserve Bank's target
• 28:37
  Speaker 2: range of one to three percent for the first time
• 28:39
  Speaker 2: since quarter one of twenty twenty one. Kelly Echold is
• 28:42
  Speaker 2: West Pax chief economist. She's with me this morning, Kelly,
• 28:45
  Speaker 2: Good morning, Good morning. Forgive me Kelly. What's still going up? Rates?
• 28:54
  Speaker 2: Obviously going up? Insurance? How much are they contributing.
• 28:59
  Speaker 13: Well, it's it's socially a significant part of the total CPI,
• 29:04
  Speaker 13: So like there's a real split there between what's going
• 29:07
  Speaker 13: on with pricing right now today. We expect, for example,
• 29:11
  Speaker 13: that the forty odd percent of the CPI, which is
• 29:15
  Speaker 13: all important things like petrol or kind of like electronic goods,
• 29:21
  Speaker 13: those things will have fallen in price by one and
• 29:24
  Speaker 13: a half percent of the last year. But at the
• 29:27
  Speaker 13: same time, all the other things like rates, insurance, all
• 29:30
  Speaker 13: the services that you buy, those things are expected to
• 29:34
  Speaker 13: have increased by five percent basically for the year. So
• 29:39
  Speaker 13: that kind of average of two point two two point
• 29:41
  Speaker 13: three is really reflecting some pretty divergent trends.
• 29:45
  Speaker 2: Yeah, when we look at the you know, the big
• 29:50
  Speaker 2: reason for the infation coming down is globally, right, inflation
• 29:53
  Speaker 2: has been coming down, the oil etcetera. Has been coming off,
• 29:57
  Speaker 2: and that has flowed through to us because we've had
• 29:59
  Speaker 2: the non tradables have been so sticky. That basically means
• 30:03
  Speaker 2: the reserve banks had to whip us extra hard. Doesn't
• 30:06
  Speaker 2: it do an extra hard job when it comes to
• 30:09
  Speaker 2: interest rates?
• 30:11
  Speaker 13: Yeah, well that is sort of right. The bit of
• 30:15
  Speaker 13: the CPI that the Reserve Bank really mainly controls is
• 30:18
  Speaker 13: that non tradable bit because all of those services prices
• 30:22
  Speaker 13: reflect the balance of supply and demand within New Zealand,
• 30:27
  Speaker 13: whereas with respect to all of those import prices, their
• 30:30
  Speaker 13: prices are generally set off shore and we just get
• 30:33
  Speaker 13: what we get. So, you know, that's why the Reserve
• 30:37
  Speaker 13: Bank has generally been pretty cautious here and continues to
• 30:40
  Speaker 13: be a bit cautious because you know, with domestic sort
• 30:44
  Speaker 13: of inflation sitting closer to five percent as opposed to
• 30:48
  Speaker 13: three percent, it's actually it's still quite a lot higher
• 30:51
  Speaker 13: than it really needs to be.
• 30:52
  Speaker 2: Can they go back to back double whammys in terms
• 30:56
  Speaker 2: of the cuts to the OCR if the inflation is
• 31:00
  Speaker 2: back in the genies back in the bottle.
• 31:02
  Speaker 13: Today, Well they can, I mean, we're actually forecasting that
• 31:07
  Speaker 13: they will do another fifty basis point cut at their
• 31:10
  Speaker 13: monetary policy statement next month, and the rationale for that
• 31:14
  Speaker 13: seems to be that even after having cut interest rates
• 31:17
  Speaker 13: by seventy five basis points will ready this year. It's
• 31:21
  Speaker 13: still quite a high rate compared to where they think
• 31:24
  Speaker 13: it's going to average out over time. So given now
• 31:27
  Speaker 13: we've got aggregate inflation getting pretty close to two percent,
• 31:31
  Speaker 13: there isn't really that strong a case for keeping interest
• 31:34
  Speaker 13: rates quite that high. They still think that interst rates
• 31:37
  Speaker 13: are going to be have to be on the higher
• 31:39
  Speaker 13: end of average basically to bring that non tradables inflation
• 31:44
  Speaker 13: down over to time. But there's just no need for
• 31:47
  Speaker 13: as tighter conditions as we've had to endure for most
• 31:50
  Speaker 13: of the last couple of years.
• 31:52
  Speaker 2: I'll take that, Kelly, thank you very much for your
• 31:53
  Speaker 2: time this morning. Kelly Echol, Westpac Chief Economists. The infation
• 31:58
  Speaker 2: numbers out today. It is seven minutes away from Sex
• 32:02
  Speaker 2: News Talks eb.
• 32:04
  Speaker 3: Ryan Bridge New for twenty twenty four on early edition
• 32:08
  Speaker 3: with Smith City, New Zealand's Furniture Beds and a Playing Store.
• 32:11
  Speaker 2: News Talk ZIBB five away from Sex News TALKSB and
• 32:15
  Speaker 2: yes to everyone who's texting in. I did incorrectly refer
• 32:20
  Speaker 2: to Kelly Eckoldy, Westpac chief economist as a woman thought
• 32:24
  Speaker 2: I thought it was a woman, and then it came
• 32:25
  Speaker 2: on and very clearly the voice was that of a man.
• 32:28
  Speaker 2: Mike is with us this morning morning.
• 32:30
  Speaker 14: Pretty embarrassing as well.
• 32:31
  Speaker 2: It was an amateur mistake, wasn't it. There you go,
• 32:34
  Speaker 2: And then the ocr was dropping and Sorah's balls.
• 32:37
  Speaker 14: The OCI will talk about that today and whether we're
• 32:42
  Speaker 14: back in the band, as they say, and all that
• 32:44
  Speaker 14: sort of thing. And I am fascinated by the business
• 32:46
  Speaker 14: of the poll, the fifty one percent. The problem with
• 32:50
  Speaker 14: the fifty one percent with Luxe and being out of
• 32:51
  Speaker 14: touch is because if you look at the counter numbers
• 32:55
  Speaker 14: either people who don't care, which is met all, people
• 32:58
  Speaker 14: who think he's in touch actually forty nine, So it's
• 33:01
  Speaker 14: fifty one forty nine. So you're reading the poll and going,
• 33:04
  Speaker 14: you know, it's got that anti thing. But what you
• 33:06
  Speaker 14: can say at fifty one is the majority.
• 33:10
  Speaker 2: What is being in touch? Even mean it doesn't matter,
• 33:12
  Speaker 2: that's the pointless. And do you want somebody who knows
• 33:15
  Speaker 2: what it's like to you know, wake up and not
• 33:17
  Speaker 2: afford breakfast or do you want someone who knows how
• 33:20
  Speaker 2: to fix that price? Exactly? What are you electing?
• 33:22
  Speaker 14: Are you electing a person to run the country properly?
• 33:25
  Speaker 14: And if they happen to be wealthy, terrific. If they don't,
• 33:27
  Speaker 14: who cares? And I think you mentioned Albanezi. I mean
• 33:30
  Speaker 14: he's in dreadful political trouble. He's spent four points something
• 33:34
  Speaker 14: million dollars for a point three for a central coast house.
• 33:37
  Speaker 14: Good luck to the guy who cares where he lives?
• 33:39
  Speaker 2: Four point three million?
• 33:40
  Speaker 14: What's it matter?
• 33:41
  Speaker 2: We see, but he only got rich after becoming prime minister.
• 33:45
  Speaker 14: Yeah, but if you want to get well, if you think,
• 33:46
  Speaker 14: if you think you can become rich by becoming prime minister,
• 33:49
  Speaker 14: be the prime minister. Then stop whining.
• 33:51
  Speaker 2: Anyway, more on that later, Mark next. I'll see you tomorrow.
• 33:55
  Speaker 2: Have a great day.
• 33:58
  Speaker 3: For more from Early Edition with Ryan Rich, listen live
• 34:01
  Speaker 3: to News Talks it'd be from five am weekdays, or
• 34:04
  Speaker 3: follow the podcast on iHeartRadio.