Latest / Early Edition with Ryan Bridge / Full Show Podcast: 22 January 2025

Transcript

Full Show Podcast: 22 January 2025 · Early Edition with Ryan Bridge

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Speaker 1: What start the day informed?
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Speaker 2: Entertained in Inspired my Head's Early edition with one Room, Make
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Speaker 2: your Property search simple, Used talks b.
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Speaker 3: Good morning, Welcome to early Edition. I'm Francisco Budkean filling
0:16
Speaker 3: in for Virian Bridge, who is hosting the Mike Costking
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Speaker 3: Breakfast Show this morning. Good to have you with us.
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Speaker 3: You're most welcome to contact me anytime this morning. Flip
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Speaker 3: me a text on ninety two ninety two, or you
0:25
Speaker 3: can email me at Francesca at Newstalks atb dot co
0:29
Speaker 3: dot MZ. On the show today, some schools might be
0:32
Speaker 3: starting the year with a shortage of teachers. We find
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Speaker 3: out just how bad the situation is. Donald Trump did
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Speaker 3: not hold back on his first day as president. What
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Speaker 3: does the day too hold? We find out also this
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Speaker 3: our inflation figures are out today. We prepare ourselves for
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Speaker 3: what to expect.
0:51
Speaker 1: The agenda.
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Speaker 3: It's Wednesday, that's really second of January. A fire at
0:55
Speaker 3: a Turkish ski resort has killed sixty six people. It
0:59
Speaker 3: started early in the morning local time, when two hundred
1:01
Speaker 3: and thirty four people were staying in the resort. A
1:04
Speaker 3: local official says an initial investigation shows the fire appears
1:08
Speaker 3: to have started in the kitchen and moved up the
1:11
Speaker 3: twelve story building. Two people died trying to jump to safety.
1:15
Speaker 3: Australian Prime Minister Anthony Albanesi has called a national cabinet
1:19
Speaker 3: meeting with all state and territory leaders following multiple anti
1:23
Speaker 3: Semitic attacks, the latest and overnight arson attack on a
1:26
Speaker 3: Sydney childcare center.
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Speaker 4: This needs to come in two directions. Of course, from
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Speaker 4: the top, there are things that the police and security
1:35
Speaker 4: agencies can do. There are things that political leaders can do.
1:39
Speaker 4: But it also is a matter of the community as well,
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Speaker 4: saying enough is enough, this is reprehensible.
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Speaker 3: Australian Federal police say they are looking into whether recent
1:49
Speaker 3: attacks were paid for by overseas actors or individuals. Two
1:54
Speaker 3: Americans held by the Taliban have been released in a
1:57
Speaker 3: swap with two Afghan prisoners facing charges of terror and
2:00
Speaker 3: drug trafficking in the US. The exchange was made just
2:04
Speaker 3: before Joe Biden left office yesterday and concludes two years
2:08
Speaker 3: of negotiations. Miamar's government and a rebel group in the
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Speaker 3: country's north have signed a ceasefire agreement backed by China.
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Speaker 3: The group have been taking land along my Miamar's border
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Speaker 3: with China. An earlier agreement signed a year ago was
2:22
Speaker 3: broken by both sides.
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Speaker 5: All that they're an ethnic Chinese armed outfit that was
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Speaker 5: formed in nineteen eighty nine, and they used to be
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Speaker 5: part of the Burma Communist Party, and they signed a
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Speaker 5: ceasefire back in and agreed to a cease fire back
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Speaker 5: in nineteen eighty nine and largely stayed out of fighting
2:38
Speaker 5: the Central State until two thousand and nine, in which
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Speaker 5: they went back into Ope.
2:43
Speaker 2: And Revolt, setting the news agenda on early edition with
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Speaker 2: one roof make your Property Search Simple news dog ZBJE.
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Speaker 3: It's been a serious start to the year, hasn't it,
2:55
Speaker 3: And sometimes heading back into the work year can be
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Speaker 3: a bit daunting, So that's good to have a laugh, right.
3:00
Speaker 3: Maybe that's what Toy the Bear brand that likes to
3:02
Speaker 3: be known as the irreverent voice of the Nation was
3:05
Speaker 3: thinking when it put up a year right billboard on
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Speaker 3: Facebook featuring former Green's MP Goldrey's government. They say what
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Speaker 3: the rest of us are thinking, and there is nothing
3:14
Speaker 3: wrong with that. But for a brand that likes to
3:17
Speaker 3: be tongue in cheek and have a bit of a
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Speaker 3: laugh with some lighthearted banter, they seem to be getting
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Speaker 3: a bit nasty with it. It was a cheap shot,
3:25
Speaker 3: an easy target. We're a country that is pretty relaxed
3:29
Speaker 3: about taking the mickey out of ourselves and others. But
3:33
Speaker 3: I draw the line when it comes to kicking someone
3:35
Speaker 3: when they're down, and I think that that's another care
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Speaker 3: we trait. The toy billboards are iconic and advertising and
3:42
Speaker 3: once upon a time really quite clever. Maybe they need
3:45
Speaker 3: to lighten up to can to hear your thoughts on
3:48
Speaker 3: the billboard. You can text on ninety two ninety two.
3:52
Speaker 3: You're with Early edition. It is ten pus five hard.
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Speaker 2: Facts, if hard opinion, hard hitting talks said, be Early
4:01
Speaker 2: edition with one room, make your property search simple, News.
4:05
Speaker 1: Talks b Yes.
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Speaker 3: News Dog's AB twelve past five. There's growing concerns some
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Speaker 3: schools might not have enough teachers before schools start back
4:14
Speaker 3: on Monday. There were three hundred and forty six full
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Speaker 3: time vacancies across the country listed on the Ministry of
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Speaker 3: Education website, but the shortage is expectant to worsen as
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Speaker 3: the year goes on. Northern Southland College Principal Pete Wilkinson
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Speaker 3: joins me, Now, good morning, Pete, thanks for your time.
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Speaker 6: At Maria, Good morning, Gretesca.
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Speaker 3: Do you know why we're facing such a shortage?
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Speaker 6: Yeah, look at the old short effectors. There's there's plenty
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Speaker 6: going on in education space, and it's just teaching is
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Speaker 6: just not seen as as the same career are the
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Speaker 6: same as it used to be way back in the
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Speaker 6: day when we all started. We've got graduates that are
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Speaker 6: coming out that have got five better opportunities elsewhere. Yeah,
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Speaker 6: there's there's just it's not what it used to be
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Speaker 6: and it's a really tough gig. So some people are
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Speaker 6: voting with their feet. And I suppose we need to
5:11
Speaker 6: do more in the space to attract to attract graduates,
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Speaker 6: to attract young people, good people into education.
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Speaker 3: Pete, Is this across the board or mainly in rural
5:20
Speaker 3: areas that there's a shortage.
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Speaker 6: Well, traditionally it was harder to attract people in rural areas.
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Speaker 6: And I'm and i'm a principle of a of a
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Speaker 6: of a small school in rural Southland, and we've always
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Speaker 6: had struggles, you know, attracting people and keeping people because
5:35
Speaker 6: of the of the rural nature and and and you know,
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Speaker 6: young people want to be in the in the bigger
5:40
Speaker 6: in the bigger centers. But no, this is this is
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Speaker 6: a nationwide problem. Exceptionally hard to attract people into into teaching,
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Speaker 6: and we have vacancies that are going unfilled for for months,
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Speaker 6: if not years.
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Speaker 3: So Pete, how are you set up? How are you
5:56
Speaker 3: set up then for the beginning.
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Speaker 6: Of the year. Look fluctuates from year to year and
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Speaker 6: the and the biggest concern is that there there are
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Speaker 6: people out there that are putting their hand up to teach,
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Speaker 6: but we're just not getting the quality that we used
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Speaker 6: to get. We can fill a hole, and at the moment,
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Speaker 6: you know, schools across the nation, not just rural schools,
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Speaker 6: but across the nation, we've got people who are qualified
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Speaker 6: to teach, but not not experts in the areas that
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Speaker 6: we require. And we're filling holes ad hoc all over
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Speaker 6: the place with people who are keen to teach and
6:29
Speaker 6: keen to help out that that aren't aren't exactly what
6:33
Speaker 6: we're after. My own personal example is that, I mean,
6:36
Speaker 6: I've graduated in physical education years ago, and we know
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Speaker 6: that in He's gone by, physical education teachers are very
6:42
Speaker 6: adaptable and they end up teaching in all sorts of
6:45
Speaker 6: different subject areas. Now now that's happening everywhere. The mantra
6:49
Speaker 6: in the education sector is if you're qualified and you're breathing,
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Speaker 6: you're hired, which which is a pretty sad state of affairs.
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Speaker 3: So what do you do if you can't get the teachers?
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Speaker 3: Do you just have to settle?
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Speaker 6: There is? There is? There is a lot of settling,
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Speaker 6: And there's actually a lot of people who are who
7:05
Speaker 6: are good teachers who have retired and are relief teaching
7:08
Speaker 6: and and we're we're calling in favors and shoulders having
7:10
Speaker 6: these people to stay in education. That's happened many times
7:14
Speaker 6: in my particular school, but it's happening everywhere. We've got
7:17
Speaker 6: good people who for all intents and purposes, want to
7:20
Speaker 6: be retired and want to be stepping back, and they
7:22
Speaker 6: are continually stepping up.
7:23
Speaker 7: To help out.
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Speaker 6: The flip side of that is that those same people
7:27
Speaker 6: who we need for a relief teaching pool on for
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Speaker 6: day to day relief when you know, when teachers are
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Speaker 6: ill and that sort of thing, they're not available. So
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Speaker 6: we're filling holes and overworking our teachers, our current teaching
7:38
Speaker 6: staff who don't get to keep their their non their
7:42
Speaker 6: non contact payers that they're entitled to so we can
7:44
Speaker 6: fill classes. We've got we've got people that are teaching
7:47
Speaker 6: over over there, over there, allocated teaching timetable. We've got
7:50
Speaker 6: principles that are stepping in, senior leaders that are stepping
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Speaker 6: in and teaching when when it's just absolutely not ideal.
7:55
Speaker 6: So it's all stock geting measures.
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Speaker 3: Yeah, it's a short term and a long term problem,
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Speaker 3: isn't it? Is there anything the government can do to help?
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Speaker 6: Look, this is multifaceted sort of things. You know, we
8:06
Speaker 6: need to incentivize teaching. I was just in preparation for this,
8:11
Speaker 6: I got I got speaking with a few quite a
8:13
Speaker 6: few staff members and a few long term staff members
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Speaker 6: that have that have retired and relief teachers, and one
8:19
Speaker 6: said to me, when I began teaching, I earned the
8:21
Speaker 6: same amount of money as a bank backpench MP. Now
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Speaker 6: there is no way that teachers in this day and
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Speaker 6: age are earning the same at the top of the scale
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Speaker 6: as a back bench MP. No, we near it. So
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Speaker 6: that's you know that the whole and money is only
8:34
Speaker 6: part of the equation. You know, we had successive governments
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Speaker 6: that you know, we're playing Mira go arounds of all
8:41
Speaker 6: sorts of educational things, and every three years we seem
8:44
Speaker 6: to pivot. Overseas, other countries like Finland, they have a
8:48
Speaker 6: bipartisan approach to education, so you're not constantly having to
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Speaker 6: change tech. And in this current environment, teachers are pretty
8:56
Speaker 6: wrecked and burnt out. Hopefully not at this time of
8:59
Speaker 6: the year because we're about to off again and get
9:01
Speaker 6: back into it in twenty twenty.
9:03
Speaker 1: Five, but.
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Speaker 6: Just yet, it's all sorts of things we have to do.
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Speaker 6: Money as part of the equation. You've got graduates coming
9:09
Speaker 6: out from a university, let's say in the secondary space,
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Speaker 6: when they do a teaching they do a degree first
9:16
Speaker 6: and then they can do their teaching diploma, the their
9:18
Speaker 6: postgraduate qualification. They're not they're voting with their fact they're
9:22
Speaker 6: going elsewhere. And it's got to be a mixture of
9:24
Speaker 6: pay and conditions. We're just not getting those young people saying, hey,
9:27
Speaker 6: I really want to go into education, and yeah, there's
9:31
Speaker 6: all sorts of things we could do to fix it,
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Speaker 6: but a bipartisan approach ways to improve the desire for
9:41
Speaker 6: people to want to go teach.
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Speaker 3: Oh, Pete, best of luck, Thank you so much for
9:45
Speaker 3: your time this morning. That was Pete Wilkinson Northern Southland
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Speaker 3: College principle. It's eighteen past five.
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Speaker 2: All of the analysis of the nonsense. It's early edition
9:55
Speaker 2: with one room, make your property search symbol, news dogs
9:58
Speaker 2: there be.
10:00
Speaker 3: Five twenty now. Donald Trump hasn't held back. On his
10:03
Speaker 3: first day as president. He signed twenty six executive orders
10:07
Speaker 3: ending birthright citizenship, leaving the World Health Organization, and he
10:11
Speaker 3: backtracked on seventy eight executive actions taken by the Biden administration.
10:16
Speaker 3: These were among the orders. He also declared a national
10:19
Speaker 3: order emergency, and US correspondent Nick Harper joins me, Now,
10:23
Speaker 3: thanks for your time.
10:24
Speaker 7: Nick, good warning, Francesca.
10:27
Speaker 3: A busy day. What does it all mean. What's the
10:30
Speaker 3: reaction being, Yeah, an.
10:32
Speaker 7: Unbelievably busy day, showing that he is hitting the ground
10:35
Speaker 7: running and showing that he has a very clear agenda
10:38
Speaker 7: for his second time in the White House. The reaction
10:40
Speaker 7: from Republicans his party, as you could imagine, is one
10:44
Speaker 7: of absolute delight. They feel that Donald Trump, the man
10:47
Speaker 7: who can save America, is back where he belongs, back
10:51
Speaker 7: in the White House, and is enacting a whole raft
10:54
Speaker 7: of legislative agenda that they have been wanting to see
10:57
Speaker 7: for the last four years, the four years under President
11:00
Speaker 7: Biden that they feel has been four years of decline
11:03
Speaker 7: for the country. On the other side of the isle,
11:06
Speaker 7: the Democrats have been looking at this and wondering if
11:09
Speaker 7: the country is now going to the dogs, because there
11:12
Speaker 7: is significant concern about some of those executive actions he
11:16
Speaker 7: signed yesterday. Top of the list amongst worry four Democrats
11:20
Speaker 7: seems to be what he's doing to the rule of
11:22
Speaker 7: law and the Justice Department overturning the convictions of one
11:27
Speaker 7: than five hundred people who had been convicted for their
11:30
Speaker 7: actions on January sixth, twenty twenty one when they stormed
11:33
Speaker 7: the US capital. So it really depends on who you ask.
11:36
Speaker 7: Some people love Donald Trump being back. Some are very
11:39
Speaker 7: concerned what will happen over the next four years.
11:42
Speaker 3: Are we going to see similar action today his first
11:45
Speaker 3: full day as president.
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Speaker 7: Yeah, a little bit different. I think for this day
11:50
Speaker 7: there is the potential for more orders to be signed,
11:53
Speaker 7: but he's also getting into I guess, the nitty gritty
11:56
Speaker 7: of the details today. First order of business at the moment,
12:00
Speaker 7: attending the Special National Prayer ceremony that always takes place
12:05
Speaker 7: the day after inauguration at that taking place in Washington,
12:08
Speaker 7: DC's National Cathedral. But after that he heads to Capitol Hill,
12:13
Speaker 7: where he'll be meeting with the top Republicans there, really
12:16
Speaker 7: speaking about what he hopes to achieve on Capitol Hill
12:20
Speaker 7: to try and get his legislation pushed through over the
12:23
Speaker 7: coming months. There is also a suggestion that there will
12:26
Speaker 7: be a big announcement later on infrastructure that's been teased
12:30
Speaker 7: by his White House press sector. You will see if
12:32
Speaker 7: that develops. But there is, of course, with Donald Trump,
12:34
Speaker 7: the potential for anything to happen at any moment. We
12:38
Speaker 7: could see him back in the White House signing more
12:39
Speaker 7: orders before the end of the day.
12:41
Speaker 3: Do you see any of these executive orders being challenged
12:43
Speaker 3: by the courts.
12:45
Speaker 7: We've already seen challenges actually on one of them, in
12:48
Speaker 7: particular his birthright citizenship. He wants to end that if
12:52
Speaker 7: you're born in the US, you get citizenship by law.
12:55
Speaker 7: But already claimants have come forward saying that he has
12:58
Speaker 7: no authority to redefine American citizenship. And there are three
13:02
Speaker 7: lawsuits against the newly created Department of Government Efficiency. That's
13:06
Speaker 7: the one being headed up by Elon musk At. That
13:08
Speaker 7: lawsuit claim that it is violating transparency lawns. Potentially more
13:14
Speaker 7: lawsuits to come on some of the other actions he's
13:16
Speaker 7: announced as well on NEX.
13:18
Speaker 3: Thank you so much for your time this morning. That
13:19
Speaker 3: was ourguis correspondent Nick Happer. It is twenty three past five.
13:24
Speaker 2: The Early Edition full show podcast on I have Radio
13:28
Speaker 2: powered by News Talks it be.
13:30
Speaker 3: You're with Early Edition. It is twenty five past five.
13:32
Speaker 8: Right.
13:32
Speaker 3: There's a lot going on in the world this week,
13:34
Speaker 3: which is a bit of an understatement, isn't it. This Friday,
13:38
Speaker 3: the Academy of Motion Picture Arts and Sciences provide some
13:42
Speaker 3: lighthearted relief from the world's challenges by announcing the Oscar
13:45
Speaker 3: nominees for the twenty twenty five Academy Awards. Now the
13:48
Speaker 3: nominees were due to be announced on January eighteen, then
13:50
Speaker 3: January twenty, before being delayed again, giving those impacted by
13:54
Speaker 3: the fires still raging in southern California more time to vote.
13:57
Speaker 3: But as filmmakers, actors, and the masterful crafts people responsible
14:01
Speaker 3: for making some of the best films of the year
14:03
Speaker 3: wait patiently to see whether they will get the nomination
14:06
Speaker 3: nod from their peers, a prickly conversation is brewing about AI,
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Speaker 3: the latest controversy in film was around the use of
14:15
Speaker 3: AI and two potential nominees, The Brutalist and Amelia Peris,
14:19
Speaker 3: which both won big at the Golden Globes. These two
14:22
Speaker 3: OSCAR front runners are dealing with the backlash after it
14:25
Speaker 3: was revealed they use voice cloning to enhance actors' performances.
14:30
Speaker 3: So in The Brutalist, Adrian Brody and Felicity Jones play
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Speaker 3: Jewish Hungarians who survived the Nazi camps and escaped to
14:37
Speaker 3: the US. The actors spent two months working with a
14:40
Speaker 3: dialect coach to perfect their accents, but the filmmakers wanted
14:44
Speaker 3: their Hungarian to sound perfect, so added individual sounds and
14:49
Speaker 3: letters to both Brody and Jones's Hungarian language dialogue to
14:52
Speaker 3: perfect it. This has caused quite an uproar, and The
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Speaker 3: Brutalist director Brady Corbett was forced to issue a statement
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Speaker 3: to Hollywood Trade Publication saying Adrian and Felicity's performance is
15:04
Speaker 3: completely their own, who went on to say the aim
15:07
Speaker 3: was to preserve the authenticity of Adrian and Felicity's performance
15:10
Speaker 3: in another language, not to replace or alter them, and
15:13
Speaker 3: done with the utmost respect for the craft. Their performances
15:17
Speaker 3: in this film which I have seen are extraordinary. The
15:20
Speaker 3: film is stunning, ambitious, audacious, and if a tool was
15:24
Speaker 3: used to tweak their Hungarian along the way, well, Hungarians
15:27
Speaker 3: are probably grateful with Amelia Peeras it has emerged, AI
15:31
Speaker 3: cloning was used to enhance the singing voice of Amelia
15:34
Speaker 3: Peire's as Carlo Sophia Garson to increase the range of
15:37
Speaker 3: Garson's vocal register. Their singing was then blended with that
15:40
Speaker 3: of Camille, the French pop star who co wrote the
15:43
Speaker 3: film's score. People are upset really in the film Elvis
15:48
Speaker 3: Austin Butler's voices mixed with Eldest's. Marilyn Monroe did not
15:52
Speaker 3: hit her own high notes. Zac Efron has a ghost
15:55
Speaker 3: singer in high school Musical films have been tricking us
15:59
Speaker 3: for years, but suddenly, because it's AI, everyone is up
16:02
Speaker 3: in arms about it. And it's not just correcting accents
16:05
Speaker 3: and singing voices where AI is used. It's already embedded
16:08
Speaker 3: in everything from production to writing to visual effects. Just
16:12
Speaker 3: don't expect anyone to shout it from the rooftops. Some
16:15
Speaker 3: say it's more of a pr problem than a tech problem,
16:17
Speaker 3: and that it's just another tool like CGI to be
16:20
Speaker 3: used to make better films. Obviously, there are concerns about
16:23
Speaker 3: the prolific use of AI. No one wants to see
16:26
Speaker 3: whole sectors of the industry replaced, such as writers or
16:30
Speaker 3: graphic artists or background actors. It's often the lowest paid
16:35
Speaker 3: on the call sheet who suffer. So it is up
16:38
Speaker 3: to the industry to draw the line and work towards
16:41
Speaker 3: safeguards and regulation so the industry can find a way
16:45
Speaker 3: to use AI for good and love or hate it.
16:49
Speaker 3: AI is going to be part of our lives in
16:51
Speaker 3: ways we can already see in ways we can't imagine.
16:55
Speaker 3: Just don't let the controversy ruin a good film for you.
17:00
Speaker 1: News talks'd be.
17:03
Speaker 3: The brutalist. I do highly recommend the film, but I
17:07
Speaker 3: do need to warn you with three hours and thirty
17:08
Speaker 3: five minutes long, and there is a fifteen minute interval
17:12
Speaker 3: which is embedded in the film, so you'll get a
17:15
Speaker 3: break to go and get a snack and go to
17:16
Speaker 3: the loo and things. But it is absolutely stunning. So
17:19
Speaker 3: I let it. Silly little AI tiff put you off,
17:22
Speaker 3: going to say it, wondering if you've had to get
17:25
Speaker 3: your head around AI. Was it something your industry was
17:28
Speaker 3: worried about, or you were worried about affecting your job
17:30
Speaker 3: or has it turned out to be a great advantage.
17:33
Speaker 3: Ninety two ninety two is the.
17:35
Speaker 1: Text separating the fact from the fiction.
17:43
Speaker 2: It's early edition with one roof make your property search simple.
17:48
Speaker 1: News Talk said b.
17:52
Speaker 3: Last, good morning, this is early edition on news Talk ZB.
18:07
Speaker 3: I'm franchisecobd Can filling in for Ryan, Who'll be with
18:10
Speaker 3: you at six am. Thanks for being with us and
18:12
Speaker 3: the next half hour we head to the UK and
18:14
Speaker 3: Europe where at least sixty six people have died in
18:16
Speaker 3: a horrific fire at a hotel at a ski resort
18:19
Speaker 3: in Turkey, and before the end of the hour. Inflation
18:22
Speaker 3: figures are out today and it is thought that annual
18:24
Speaker 3: inflation is likely to have ended twenty twenty four within
18:27
Speaker 3: the Reserve banks target between one to three percent as
18:30
Speaker 3: domestic price precious continue to ease slowly, but economists are
18:35
Speaker 3: warning about an uncertain yeary Head n Zier Principal economist
18:40
Speaker 3: Christina Leung is going to be with us with her
18:42
Speaker 3: thoughts on what to expect and the impact it will have.
18:46
Speaker 3: Get into some of your feedback now, a lot of
18:49
Speaker 3: feedback about the teachers. Please stop the constant winging by teachers.
18:53
Speaker 3: Look up some stats. There have never been so many
18:55
Speaker 3: teachers in New Zealand per pupil, and it's never good enough.
18:59
Speaker 3: Another text says badly behave children putting people off teaching
19:04
Speaker 3: high Fridjesca. People just cannot afford to become teachers anymore.
19:06
Speaker 3: The cost of living has been a problem for teachers
19:08
Speaker 3: for a long time now and Homers Texas a Morning
19:13
Speaker 3: team saying young people don't want to go into teaching. Well,
19:16
Speaker 3: no jobs, easy people, No jobs easy people have got
19:20
Speaker 3: very high expectations and zero experience. They need to have
19:23
Speaker 3: a look at the real world. Cheers, great show, Thank
19:26
Speaker 3: you Hamish. Please keep the feedback coming. You can text
19:30
Speaker 3: on ninety two ninety two.
19:33
Speaker 1: Z me right.
19:35
Speaker 3: Let's head around the country and joining us now from
19:37
Speaker 3: Dunedin is Callum Proctor and Callum those looking for a
19:40
Speaker 3: property and then the cargo may have to prepare to
19:42
Speaker 3: stretch the budget.
19:45
Speaker 9: Yeah morning, it's right. Qv's latest house price index figures
19:48
Speaker 9: are out and it shows that the cargol has come
19:50
Speaker 9: out on top when it comes to average home value growth.
19:55
Speaker 9: Prices there have grown more than any other large urban
19:58
Speaker 9: area with values up by three point nine percent annually
20:01
Speaker 9: to reach almost half a million dollars A one roof.
20:04
Speaker 9: Editor Owen Vaughan says in for Cargol's affordability is responsible
20:07
Speaker 9: for the situation. He says their own research shows and
20:10
Speaker 9: for Cargols still has the greatest share of suburbs where
20:13
Speaker 9: properties sell for less than.
20:15
Speaker 3: Five hundred thousand and Callum Dunedin's weather today.
20:19
Speaker 9: You're good fine today and twenty two sounds good.
20:21
Speaker 1: Thank you.
20:22
Speaker 3: Claire Sherwood is in christ Church. Good morning, Claire. A
20:25
Speaker 3: historic christ Church kindergarten with ties to author Iiomarsh and
20:29
Speaker 3: politician Craigcroft Wilson is closing down.
20:32
Speaker 8: That's right, Francesca. This is Richmond Kindergarten on North An Road.
20:36
Speaker 8: It's been operating for one hundred and three years, but
20:39
Speaker 8: we'll close its stores at the end of term one
20:41
Speaker 8: and that's because of dwindling enrollment numbers. Kids First Kindergarten
20:45
Speaker 8: CEO Cheryl Wilson says back in the twenties, Niomarsh and
20:50
Speaker 8: Craycroft Wilson assisted on the Kindergartens Committee for this one.
20:54
Speaker 8: She says it was a tough decision in light of
20:56
Speaker 8: what's happened in the area, remembering this is the east
20:58
Speaker 8: of christ Church, which is obviously been undergoing all of
21:01
Speaker 8: that rebuilding since the quakes, but also given that historic
21:04
Speaker 8: significance too. She does say that alternative kindergarten placements have
21:09
Speaker 8: been offered to Tamadiki. The building as well as the
21:13
Speaker 8: block of land will be sold.
21:15
Speaker 3: Thinky Claire and the weather today.
21:17
Speaker 8: Fine, aside from a bit of plad about this morning
21:20
Speaker 8: northeasterlies will be fresh a bit later. The highest twenty.
21:23
Speaker 3: Two sounds good. Max Toll is with us now from
21:26
Speaker 3: Wellington and it sounds like things are moving at warp
21:28
Speaker 3: speed again in Wellington. Max another delay for the Golden
21:33
Speaker 3: Mile project.
21:34
Speaker 10: Yes, for those who don't know that Golden Mile is
21:37
Speaker 10: the very controversial council plan to pedestrianize essentially some central
21:41
Speaker 10: Wellington streets, take cars off them, take car parks off,
21:44
Speaker 10: the most notably Courtney Place. Our newsroom obviously very across
21:48
Speaker 10: the latest developments of the Golden Mile. We noted that
21:51
Speaker 10: councilors were told late last year that construction contracts would
21:55
Speaker 10: be awarded in December work would begin this month. The
21:59
Speaker 10: contract hasn't even happened. Yet this is the mayor's flagship project.
22:04
Speaker 10: Of course she campaigned on it. We were told yesterday
22:08
Speaker 10: she Tori Fino doesn't even have five minutes this week
22:11
Speaker 10: to answer a few simple questions about this new delay.
22:14
Speaker 10: We understand the construction contracts are still being negotiated, so
22:20
Speaker 10: a little way off work starting. Yet in the meantime,
22:23
Speaker 10: you've got businesses in the area fretting, no idea when
22:25
Speaker 10: this disruptive work is going to start. Already got months
22:28
Speaker 10: of work ahead on the parallel Wakefield Street, which is
22:32
Speaker 10: already causing serious interruption. In the meantime, all we can
22:36
Speaker 10: do is keep asking questions.
22:37
Speaker 3: Wellington's weather today, Max.
22:39
Speaker 10: Should be fine, Saie still he's twenty four the high central.
22:43
Speaker 3: Good to hear, thank you, and neither body man who
22:45
Speaker 3: has kind of strutted SIMI danced into the studio to
22:48
Speaker 3: join us.
22:49
Speaker 7: Now.
22:50
Speaker 11: I love how the ear corner is on and you've
22:52
Speaker 11: got it quite cool in here.
22:53
Speaker 3: But you know how I started the week quite hot
22:55
Speaker 3: because you complain and it needs to bring your patha
22:57
Speaker 3: jacin and so day started in Monday really warm.
22:59
Speaker 11: Just ease you back into it the menopause, because it
23:02
Speaker 11: was your.
23:03
Speaker 3: First, and then I've just called it down to suit
23:08
Speaker 3: the South as the week's gone on.
23:10
Speaker 11: No, I like this, this is great, this is okay.
23:12
Speaker 11: It'll be interesting when Ryan comes in because he will complain.
23:15
Speaker 3: But he doesn't do what Mike Hoskin does, who comes
23:17
Speaker 3: in and changes the tag before I finished the show.
23:19
Speaker 11: Mike changes everything.
23:23
Speaker 3: How to do something about it? Have you got something
23:25
Speaker 3: to talk about?
23:26
Speaker 8: Yes?
23:26
Speaker 3: I do.
23:27
Speaker 11: And homeowners, now would you be happy about this? Going
23:31
Speaker 11: to face more delays? I don't think this is a
23:34
Speaker 11: huge shock. This is in finding out the value of
23:36
Speaker 11: their properties. So the release of the latest capital values
23:39
Speaker 11: it's now going to be pushed back to may or
23:42
Speaker 11: later this year. Now, this is previously being pushed back
23:45
Speaker 11: from late last year. So it's a delay of a
23:47
Speaker 11: delay of a delay, and the delay is due to
23:50
Speaker 11: the value at general requesting amendments to ensure accuracy before
23:54
Speaker 11: public release.
23:55
Speaker 3: Is the problem said about accuracy. I'll just put up
23:57
Speaker 3: our venues and put up our rates somehow.
24:00
Speaker 7: You know.
24:01
Speaker 11: I think people will always complain about that. So the
24:03
Speaker 11: good news, though, is it Ron whin Heat. She's from
24:06
Speaker 11: the Auckland Council. She's a lot the council is making
24:08
Speaker 11: every effort to have them released so they can be
24:11
Speaker 11: used to see the rates by July. First, do you
24:12
Speaker 11: have it?
24:13
Speaker 3: How's the weather out there today?
24:14
Speaker 11: Cloudy, few showers mainly this afternoon, still very very warm.
24:17
Speaker 11: Twenty five is are high here in Auckland.
24:19
Speaker 3: Thank you so much, Neva. Next, we're off the UK
24:22
Speaker 3: and Europe. You're with a news TXIV. It is seventeen to.
24:26
Speaker 2: Six International correspondence with ends and eye insurance, Peace of
24:30
Speaker 2: mind for New Zealand business.
24:34
Speaker 3: It is fifteen to six. Joining me now is Gail Downey,
24:37
Speaker 3: our UK and Europe correspondent. And Gail, just a horrible
24:41
Speaker 3: story coming out of Turkey.
24:43
Speaker 12: Absolutely sixty six people are known to have died in
24:47
Speaker 12: a fire and it's at a hotel at a ski resort,
24:50
Speaker 12: very popular ski resort in Turkey. Two people also died
24:54
Speaker 12: trying to jump to safety and the fire broke out
24:57
Speaker 12: in the early hours of the morning and took twelve
25:00
Speaker 12: hours to put out. The fire service was about an
25:04
Speaker 12: hour away because of the distance from the resort to
25:07
Speaker 12: the nearest town, and although it's only twenty five kilometers,
25:10
Speaker 12: of course, the freezing weather conditions being a ski resort
25:14
Speaker 12: hampered in terms of the time it takes the crews
25:18
Speaker 12: to get there. The fire was believed to have been
25:21
Speaker 12: started in the restaurant on the fourth floor spread to
25:24
Speaker 12: the rest of the building. Footage being circulated in Turkey
25:28
Speaker 12: shows people using linen possibly bedsheets, I guess, hanging from
25:33
Speaker 12: windows to escape from the burning building. Four people have
25:37
Speaker 12: been arrested, including the owner of the hotel, Gail.
25:41
Speaker 3: The UK Prime Minister has announced a public inquiry into
25:46
Speaker 3: the horrible killing of three young girls at a dance class.
25:49
Speaker 3: What's going on here?
25:51
Speaker 12: Yes, he actually made the announcement this morning live on
25:56
Speaker 12: TV and radio. And what he said is the concern
26:01
Speaker 12: that has arisen from Alex Ruder Cabana, who's eighteen years old,
26:06
Speaker 12: who pleaded guilty yesterday to murdering the three girls and
26:10
Speaker 12: the attempted murder of ten others, plus two terror related charges. Now,
26:15
Speaker 12: the terror related charges couldn't be revealed before the case
26:20
Speaker 12: because that might have harmed in terms of you know,
26:24
Speaker 12: whether someone was innocent or guilty. But because he pleaded
26:28
Speaker 12: guilty at the very last minute at the case, these
26:31
Speaker 12: have now started to come out. He also admitted producing
26:35
Speaker 12: the biological toxin ricin and a charge under the Terrorism
26:40
Speaker 12: Act related to possessing an Al Qaeda training manual and Sirkir.
26:45
Speaker 12: Starmer's concern is that he says the UK faces a
26:49
Speaker 12: new threat and that terrorism has changed. He said the
26:52
Speaker 12: threat now comes from extreme violence carried out by Lona's
26:57
Speaker 12: misfits and young men in their bedrooms. Acts has seen
27:00
Speaker 12: dangerous material online and the Home Secretary today told MP's
27:06
Speaker 12: in the Housard Commons At Cooper said it was a
27:08
Speaker 12: disgrace that Axel Ruder Cabana had also been able to
27:12
Speaker 12: buy a knife from Amazon when he was just seventeen
27:15
Speaker 12: years old, even though he had a previous conviction for violence.
27:19
Speaker 3: Gail, thank you so much for the updates. I appreciate that.
27:21
Speaker 3: That was UK and Europe correspondent to Gail Downey. It
27:24
Speaker 3: is eleven to six.
27:27
Speaker 1: As it be right.
27:28
Speaker 3: We're getting inflation figures today. Economists of forecasting it could
27:32
Speaker 3: fall between two point one to two point three percent,
27:34
Speaker 3: which is within the Reserve Bank's target range, ensured Ier
27:38
Speaker 3: Deputy Chief Executive Christina Lung joins me. Now, good morning,
27:42
Speaker 3: Christina mordnna. What's your pick.
27:46
Speaker 13: We for cast CPI to increase point six percent over
27:49
Speaker 13: the final quarter of last year. Now, this will bring
27:51
Speaker 13: in your CPI inflation to two point two percent for
27:53
Speaker 13: the year, as you say, still within the Reserve banks
27:56
Speaker 13: one to three percent inflation target. Then, so for the quarter,
27:59
Speaker 13: we do expect that housing costs such as rents and
28:02
Speaker 13: construction costs to be a key driver behind the increasing
28:05
Speaker 13: prices out of the quarter.
28:06
Speaker 3: Because I was going to say, this inflation data is
28:08
Speaker 3: for December, so what factors will be taken into account
28:11
Speaker 3: during that period aside from those two things.
28:14
Speaker 13: So besides the CPI results itself, we do see a
28:19
Speaker 13: suite of other inflation indicators. For example, we are seeing
28:22
Speaker 13: it continue easing and inflation pressures in the New s economy.
28:26
Speaker 13: Our latest NDAR quarter less this opinion shows some easing
28:30
Speaker 13: and cost pressures reported by firms, while proportion of firms
28:33
Speaker 13: raising prices in the December quarter remain low. So although
28:36
Speaker 13: firms are feeling positive about a recovery and demand a head,
28:40
Speaker 13: at the moment, demand conditions do remain weak and this
28:43
Speaker 13: is weighing on the price and power of firms.
28:45
Speaker 3: So Christina, how is this going to set us up
28:47
Speaker 3: for this year? How are you expecting inflation to track?
28:51
Speaker 13: So we do see a list in inflation over the
28:56
Speaker 13: coming year, but still comfortable and within the Reserve banks
28:59
Speaker 13: one to three percent inflation tiger band. The recent depreciation
29:03
Speaker 13: in the New Zone dollar does post some upside rest
29:05
Speaker 13: to inflation, given that raises the price of important goods.
29:09
Speaker 13: So already in our MZAAR quarterly surve our Business Opinion,
29:12
Speaker 13: we had retailers reporting increased cost pressures and we expect
29:16
Speaker 13: that the low New Zealand dollar to have played a
29:18
Speaker 13: part in this. So the impact of the low New
29:20
Speaker 13: Zealand dollar on inflation is definitely an important development to
29:23
Speaker 13: keep an eye on for now, though the signs are
29:26
Speaker 13: that inflation is contained and within the Reserve banks target bands.
29:30
Speaker 13: The Reserve Bank had indicated that late last year it's
29:33
Speaker 13: intended to cut interest rates by another fifty basis point
29:37
Speaker 13: at the February meeting, and we don't see recent development
29:40
Speaker 13: standing in the way of that.
29:42
Speaker 3: You mentioned the week New Zealand dollar there. What about
29:44
Speaker 3: higher oil prices? Could they impact inflation this year?
29:48
Speaker 13: Certainly? So, you do tend to see the low New
29:51
Speaker 13: Zealand dollar that impact. The more immediate impact that comes
29:54
Speaker 13: through in petrol prices at the pump and also crude
29:57
Speaker 13: all price global crude all prices play, but when it
30:00
Speaker 13: comes to what we pay for petrol here in New Zealand,
30:03
Speaker 13: over the longer term, New Zealand dollar does have teends
30:07
Speaker 13: to have been more lagged impact on a range of
30:09
Speaker 13: other household important household goods. So you do tend to
30:13
Speaker 13: see that comes through in the next few quarters. When
30:16
Speaker 13: it comes to the impact of the lower New Zealand
30:18
Speaker 13: dollar on prices on the retail front.
30:20
Speaker 3: You mentioned half percentage point cut to the official cash rate.
30:25
Speaker 3: When do you sort of expect that When would you
30:27
Speaker 3: expect that to kick in?
30:29
Speaker 13: So back in late last year, the Reserve Bank had
30:33
Speaker 13: indicated that it would look to cut the oco bernarda
30:37
Speaker 13: fifty basis point in its February meeting and then and
30:41
Speaker 13: for the further easing to be more measured beyond that. Certainly,
30:46
Speaker 13: when we look at what the recent to continue easing
30:49
Speaker 13: and inflation pressures, it does suggest that recent developments are
30:54
Speaker 13: on track in line with the Reserve banks full past,
30:57
Speaker 13: so we do expect that it will follow through with
30:59
Speaker 13: that the basis point cut in its February metum.
31:02
Speaker 3: Okay, cool, what is the impact do you think of
31:04
Speaker 3: Trump's tariffs and potential tariffs.
31:08
Speaker 13: So there has been concern about the inflationary the potential
31:13
Speaker 13: inflationary impact of physical policies in the US. So that
31:17
Speaker 13: will be an influence in terms of the longer term
31:20
Speaker 13: path of interest rates. The fact that there's already a
31:24
Speaker 13: discussion about the potential with the inflation impact for interest
31:28
Speaker 13: rates to be high for longer in the US. So
31:31
Speaker 13: that does play a part in terms of particularly with
31:35
Speaker 13: the impact on the New Zone dollar with interstrate differentials.
31:39
Speaker 13: If interest rates were to stay higher for longer in
31:42
Speaker 13: the US, then that potentially continues to put down with
31:46
Speaker 13: pressure on the New Zone dollar, and that plays a
31:48
Speaker 13: part in terms of the price of important goods here.
31:51
Speaker 13: Certainly it could play a part in terms of the
31:54
Speaker 13: other factors such as how those prices global prices feed
31:58
Speaker 13: into prices here in these as well.
32:00
Speaker 3: A lot to keep our eye on this year.
32:02
Speaker 13: Christina certainly never told moment.
32:06
Speaker 3: Always good to talk, Thank you so much. That was
32:08
Speaker 3: Christina Leung who is the deputy Chief Executive at n
32:13
Speaker 3: Z I E R. And so, of course those inflation
32:17
Speaker 3: figures will be out today. It is six to six.
32:22
Speaker 3: You with the News TALKSTB first with.
32:25
Speaker 2: News first with views, it's earlier this year with one
32:29
Speaker 2: roof make your property such simple News.
32:31
Speaker 3: Talks b Now, one of the first things you might
32:34
Speaker 3: have done when you got back to work this year
32:35
Speaker 3: is taking a look at the where all the public
32:37
Speaker 3: holidays lie and worked out how you can get your
32:39
Speaker 3: best bank for you back when it comes to holidays
32:40
Speaker 3: and already booked your holidays. And Ryan and I were
32:42
Speaker 3: just discussing the fact that we are clearly way behind
32:46
Speaker 3: the apell here because the News Talks EP. Everyone seems
32:49
Speaker 3: to book the yearly holidays and you and I going
32:51
Speaker 3: to be here the whole year working away.
32:54
Speaker 14: Somebody's got to work, someone's going to zerit the business.
32:58
Speaker 14: I'm not too worried about it. But but at some
33:00
Speaker 14: point you'll take a break, will they?
33:01
Speaker 3: Oh yeah, Like I'll do Sunday session on Sunday and
33:04
Speaker 3: then I'll take a week off, oh yeah yeah, and
33:06
Speaker 3: then come back. And I'm not complaining, I'm just laughing
33:09
Speaker 3: how everyone else has got really organized, very strategy people
33:12
Speaker 3: out there who are very strategic, and then there's the
33:13
Speaker 3: rest of us who just end up filling in. Tell
33:16
Speaker 3: me what you got coming up on the show.
33:17
Speaker 14: So we're obviously going to do. I know you've spoken
33:19
Speaker 14: to the end ziar this morning about the inflation data
33:23
Speaker 14: that's coming out today. We're going to talk to one
33:25
Speaker 14: of the big banks about that. We're also going to
33:27
Speaker 14: talk about obviously the implications for interest rates. The RBNZ meeting.
33:31
Speaker 14: They have the longest hiatus of any central bank in
33:34
Speaker 14: the world.
33:35
Speaker 3: Talking about people that are strategically good at taking holidays, very.
33:38
Speaker 14: Good at taking holidays. It's like three months and meanwhile
33:42
Speaker 14: New Zealand crumbles.
33:43
Speaker 3: That's just between meetings, that's not holidays.
33:45
Speaker 14: No, you're right, Yeah, I've been a little We're both mean.
33:50
Speaker 14: You will be generous. I think I think they are
33:52
Speaker 14: at the beach. Perhaps are at Davos actually, which is
33:55
Speaker 14: kicking off, and we will talk about that as well.
33:58
Speaker 14: Plus teachers shortage and the secondary principles shortage as well.
34:03
Speaker 14: Apparently there are lots of schools without a principle going
34:06
Speaker 14: back to school.
34:06
Speaker 1: At the moment.
34:07
Speaker 3: Cannot wait. Ryan Bridges with you at six am The
34:09
Speaker 3: Fabulous Day. I'll see you tomorrow at five.
34:18
Speaker 2: For more from Early Edition with Ryan Bridge. Listen live
34:21
Speaker 2: to news Talks. It be from five am weekdays or
34:25
Speaker 2: follow the podcast on iHeartRadio,