Latest / The Curve / TCW24: We know when we'll reach gender equality! Spoiler: it's 131 years.

Transcript

TCW24: We know when we'll reach gender equality! Spoiler: it's 131 years. · The Curve

• 0:00
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• 1:50
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• 2:15
  So, all right. Now, I'm curious, weekly. What is happening in the markets and the world?
• 2:22
  Make me feel like an educated hon. Well, I think get your tissues out.
• 2:26
  Oh no. Well, we'll start with the bad news. Okay, perfect. And we'll end with some really good
• 2:32
  news. I love that. Good-ish news. I'm like, yeah, it's only good.
• 2:38
  Anyway, really somber start, but there was a gender gap report out during the week,
• 2:47
  which showed the progress that we've been making in terms of gender equality globally. And also,
• 2:56
  it's bad news. Well, it's good because it's moving the right direction, but it's moving
• 3:00
  much slower than previously. So, it's kind of slowed down. So, it's kind of languished, but...
• 3:07
  What does that word mean, languished? Like that.
• 3:10
  And that, like, if you're languishing, you're like, sounds like a Turkish food to me.
• 3:15
  No, it's not. So, gender equality is not a Turkish food. So, it's stalled. It's stalled. Yeah,
• 3:21
  it's slowing down is what languishing means. Why? Why is that? Well, it's all around COVID,
• 3:26
  so COVID... Look, because everyone lost their jobs in COVID. Well, more women than men.
• 3:31
  Yes. So, more women than men. Also, in terms of education, they had to pause, you know,
• 3:36
  a lot of countries around the world had to pause going to school to help out the family.
• 3:40
  People lost their jobs, and most of them were women or girls. And so, this really
• 3:46
  disrupted the progress that we'd made on global gender equality, but... I have so many
• 3:51
  things to say about this. Do you know how many years it would take to get to parity or equality?
• 3:56
  You're using a lot of complicated words today. Parity. Parity. Yeah, equality. Okay.
• 4:02
  Parity. You're on par with each other. Yeah. To get English, listen in and find it.
• 4:08
  To get like to be... Okay. 131 years. Yeah. How many generations is that?
• 4:17
  That's like at least three, right? Two and a half? Yeah. Yeah. Depends on love, but yeah.
• 4:24
  So, between 2,154 is the year. I don't know if it... Is that it? Yeah, 2,000.
• 4:34
  So, we're 20, 23 at the moment. So, we're 21, 54 would be the year that we'd eat with parity.
• 4:40
  Oh my God, that is really gutting, actually, because I thought we were closer than that.
• 4:45
  Yeah. And so, this measures, this report measures everything. There's a whole number of
• 4:52
  different pillars that it measures, but financial literacy, education,
• 4:58
  you know, health, politics, all that, but the space that we're playing in can really, really help
• 5:02
  this and hopefully help shave a few years off if we join the crusade and help join the crusade.
• 5:11
  The reason I'm stuck on 130, how many years? 131. Yeah. Is because if I think about what was
• 5:17
  happening 131 years ago, that was before my granddad, who's now not around, was born, and this was
• 5:23
  like World War II. It's quite fascinating. It's a lot has happened in that time. Totally.
• 5:30
  And it's fascinating to think what the world will be like in 131 years' time.
• 5:35
  But AI will probably be a thing of the past. People will be like, AI, all that cute thing
• 5:39
  that we used to do. Because we want to even be genders. Yeah. Yeah. So that maybe that's why we're
• 5:44
  equal, because they won't be genders. Yeah. So yeah, anyway, it's quite interesting, but it was
• 5:50
  a bit of a somber report that I read during the week. So sorry about that guys, to start your
• 5:55
  week with that news. In other news? In other news? I mean, we're in the UK, so may as well
• 6:04
  throw in some UK news. Can someone get in touch with us if they're like, oh god, you're just being
• 6:09
  like those girls that are in summer and Europe? You know, and you're like, oh, we get it, you're
• 6:14
  in London. Oh, you guys are in London, oh my god, whoa, I hadn't heard. But this is actually really
• 6:20
  interesting. And I think, well, I personally would be interested in it if I was anywhere in the world.
• 6:25
  And it's around inflation. So we have constantly talked about how, yes, we've got super high
• 6:36
  inflation, but hey, positive news, most countries, it's all coming down or it's getting closer to a
• 6:42
  more reasonable level that we talked last week, or the week before I remember about how the US
• 6:47
  is at 4%, so they're getting pretty close to that 2% target. So it's all heading in the right
• 6:52
  direction. The anomaly is the UK. It's not budging. It's stuck at 8.7%. And so that was why last week,
• 7:04
  when we talked about house prices falling, it's because inflation is not budging. So the bank of
• 7:13
  England is going to have to get more aggressive and interest rate rises, because the interest rate
• 7:19
  rises that have happened already, and not working. So this is why, and we talked about this last
• 7:25
  week, interest rates go up, house prices go down. So this is why having a really sticky inflation
• 7:33
  of 8.7% is bad news. And it's all around the fact that things like air fears aren't coming down,
• 7:40
  prices for like recreational and cultural activities aren't coming down. Things like food
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  inflation aren't coming down. So there's things that are just parts of inflation that make up
• 7:53
  that inflation figure, just really not budging. So sorry. But then you're not far from us as a,
• 8:01
  I mean, have you noticed it here? Well, when we first were coming over, everyone was saying to us,
• 8:07
  oh, renters so much more expensive, but at least groceries are cheap. And I was like, are they?
• 8:13
  Because I certainly haven't noticed that. I think they're cheap relative to New Zealand,
• 8:17
  but I don't think they're cheap relative to what they can last year prices, if that makes sense.
• 8:23
  Yeah, because I think they're cheap country, country-wise in terms of New Zealand and UK, but not
• 8:30
  year-on-year versus the UK last year. I think also because I'm doubling everything because I'm
• 8:35
  not earning pounds. So every time I pay 10 pounds for something, I'm like, that was $20.
• 8:40
  I know. Where is a coffee? I'm like, oh, that's seven bucks.
• 8:43
  Yeah, I'm like, oh, stop it. I need to stop it.
• 8:45
  It's three 70 pounds or whatever it is. It's actually quite reasonable.
• 8:50
  Yeah, yeah, definitely. So, yeah, so sorry, all those breaks that are feeling
• 8:57
  okay. Does that mean that in terms of recession globally, it's looking like it's not going to be too
• 9:03
  much of this major global recession. However, because the UK is struggling, they could end up
• 9:09
  in recession. Yeah, so that doesn't work like that with the economy where some parts of the
• 9:14
  world can be in recession, some are not. Totally. So a recession is just negative growth
• 9:18
  for that economy, for two quarters. So you can have New Zealand in recession and Australia not,
• 9:26
  or vice versa, because there's different things that drive an economy. For example, in Australia,
• 9:31
  a huge driver of their economic growth is commodities. So like steel, aluminium, iron ore,
• 9:38
  has really has a real impact on their economic growth. So when China is doing well, Australia
• 9:44
  tends to do well, because they're buying all those products from Australia. That's so interesting.
• 9:48
  And it's the same with us. It's kind of like when tourism is really good for us because that's
• 9:52
  a large part of our economic growth, then our country tends to do well. So there's lots of different
• 9:57
  drivers for different countries. So you can definitely have, so yeah, the US might avoid a recession
• 10:02
  and the UK might fall into recession. But does that mean we need to leave quickly?
• 10:08
  No, because recession is not scary. But New Zealand isn't, yeah.
• 10:14
  I think I think what really helped you. I don't think you'll leave quickly anyway.
• 10:17
  The truth is we're going to have to go into a dire, dire, dire recession.
• 10:21
  We've all left New Zealand, but because I sort of got cold feet of it, I was feeling a bit,
• 10:26
  I don't know, change really shakes me up in a good way, but it takes me a while to get on board.
• 10:32
  So I was like, I don't know if they want to go anymore. And now we're over.
• 10:35
  This is three weeks. I don't know if they want to come back.
• 10:38
  This is three weeks out from leaving. So, I don't know if I want to go anymore. I was like,
• 10:41
  are you from Canada?
• 10:45
  And so far, I'm a planner. So I had everything planned. She booked a house.
• 10:51
  Anyway, that's conversation another day.
• 10:53
  It's good because it makes me inspired to be better with my planning.
• 10:56
  Yeah.
• 10:56
  I've started to be better, like in the last three days, really pulling my socks off.
• 11:02
  That's good. I love that.
• 11:03
  Yeah, you're having a good effect on me.
• 11:05
  And you're like this. This is some more positive news. We can finish on a high.
• 11:10
  With this one, MasterCard has announced that it is going to focus on recycling its cards,
• 11:18
  all its little plastic cards.
• 11:19
  Oh, yes.
• 11:20
  So, I think I saw a headline about this.
• 11:24
  I didn't read it, so tell me what.
• 11:25
  Yeah, I was like, have you been reading my notes again?
• 11:27
  We've come up with such an anticlimax.
• 11:29
  Sorry, not.
• 11:31
  So soft, just stealing the job.
• 11:33
  And we released the next care work plan. It's just a soft show.
• 11:36
  Hey, guys, I've got to know.
• 11:38
  I would be stoked if you did that.
• 11:40
  No, you would. I'd have told you well.
• 11:41
  Oh, yeah, actually, I do honestly feel like I could have random water cooler chat with someone
• 11:48
  about things happening in their economy.
• 11:49
  If I was battling away for something to talk about, I'd be like, MasterCard, did you know?
• 11:54
  Yeah.
• 11:56
  Sorry, I continue.
• 11:57
  So, MasterCard, yes.
• 11:58
  So they've launched a global project to recycle their cards.
• 12:01
  So instead of them all ending up in landfills, they have now in the UK.
• 12:06
  We're actually in the UK.
• 12:07
  So this is just the UK.
• 12:08
  Oh, we're in the UK.
• 12:09
  Oh, yeah.
• 12:11
  Everyone's like, shut up.
• 12:13
  And all because we're going to put a post on socials recently.
• 12:16
  And it was a photo of us here.
• 12:18
  And I was like, oh, I wonder if people are going to get all hatey.
• 12:21
  You know, like, oh, they're over and stuff.
• 12:23
  No, we're getting inspired.
• 12:24
  New content.
• 12:25
  Yeah, yeah, yeah, yeah.
• 12:27
  No, so they've started a trial with a British bank, HSBC.
• 12:30
  So you can take your card in.
• 12:32
  Is that a global bank, HSBC?
• 12:34
  Yeah, it is.
• 12:34
  Well, it's British, but it's all around the world.
• 12:37
  You can take your card in.
• 12:39
  They'll shred it so that no one can use your money.
• 12:41
  And take all that plastic that's been shredded and take it to a recycling plant.
• 12:46
  And reuse it.
• 12:47
  So great.
• 12:48
  It's ideal because they have MasterCard has around over three billion cards globally.
• 12:55
  And there's around 600 million cards produced every year.
• 13:01
  That's a lot of, it's funny because you think, oh my god, it's just a small bit of plastic.
• 13:05
  Like, and I use it all the time.
• 13:06
  So it's not like I'm using a flashlight and throwing it away.
• 13:10
  The great wall of China with the amount of cards.
• 13:12
  Like 600 million cards, like, yeah.
• 13:15
  Per year.
• 13:16
  Per year.
• 13:16
  Per year is a lot.
• 13:17
  I mean, I think 600 times that.
• 13:19
  Yeah.
• 13:19
  That's a lot.
• 13:20
  I think it's because some people lose that card.
• 13:23
  All the time.
• 13:24
  Oh my god, we went for lunch the other day.
• 13:26
  And so I think you just got a new card.
• 13:28
  Anyway, she's like, can you show me how to put this in Apple Pay?
• 13:30
  And I was like, yes, thank goodness.
• 13:32
  So if you lose your wallet or you forget your wallet, whatever, you've got Apple Pay.
• 13:37
  And I use Apple Pay, like, religiously, I love it.
• 13:40
  To the point where if someone doesn't have a pay way, I'm like, oh, what?
• 13:42
  I'm like, gosh.
• 13:44
  Anyway, she's like, can you help me load it in?
• 13:46
  I was like, yeah, just take a photo.
• 13:48
  Anyway, it was so easy.
• 13:49
  It would be a process.
• 13:50
  I was like, we had lunch.
• 13:51
  And then we got to leave and she's like, have you seen my card?
• 13:56
  I was just like, oh my gosh.
• 13:58
  I'm so sorry.
• 13:59
  I'm so sorry.
• 14:01
  I actually, I can't wait.
• 14:02
  You need a wallet?
• 14:03
  You know, like a lanyard that you have around your neck.
• 14:06
  That's a good idea.
• 14:08
  Yeah.
• 14:08
  Can you give me one for the other day?
• 14:10
  No, that's an orgasm.
• 14:11
  I probably need one before they end before they end before they end.
• 14:12
  The funny thing is we're just...
• 14:14
  We'll just swallow a tile.
• 14:19
  So that you never get lost?
• 14:21
  So if I ever get lost, but can we like, let me just check my tile.
• 14:24
  Where is Sophie?
• 14:25
  Oh my god, that is so funny.
• 14:27
  Oh my god, that is so funny.
• 14:28
  Just shell of a tile.
• 14:32
  Oh my god.
• 14:34
  The funny is part of that whole story is that when we got back to the co-working space
• 14:37
  that we were working at, I went to use my phone.
• 14:39
  And it was like kind of coming out of the case.
• 14:41
  I was like, oh, that's so annoying.
• 14:42
  Why doesn't that fit?
• 14:43
  And then I was like, also, the fact that you'd forgotten that
• 14:46
  in such a short space of time.
• 14:47
  I put the card behind by phone case.
• 14:50
  And I was like, oh my god.
• 14:52
  Sometimes, like, I'm trying really hard to talk to myself nicely.
• 14:55
  It's sometimes I hate myself.
• 14:59
  We're all good at something.
• 15:00
  I can't.
• 15:00
  Things are bad at others, babe.
• 15:01
  Don't worry.
• 15:01
  Imagine how you feel.
• 15:02
  But the thing with MasterCard, I remember I was doing a roacher.
• 15:06
  An investor roacher, like talking about the fun
• 15:08
  that I was about to launch.
• 15:10
  And it was a climate friendly fund.
• 15:11
  And I was like, look, some of the top investments
• 15:14
  that we're going to make, one of them's going to be MasterCard.
• 15:16
  Well, these are, I can't remember what I'm talking about.
• 15:18
  But anyway, and someone stood up and said,
• 15:20
  because they were doing a lot in terms of what I can't remember exactly what they had.
• 15:25
  But in terms of they're reducing their carbon emissions.
• 15:29
  And then someone stood up and said, yes, but what about all their plastic cards?
• 15:34
  And I was kind of like, oh gosh.
• 15:37
  Some companies just can't do that.
• 15:39
  They're trying to be as they can't win everything.
• 15:41
  And I was like, but it's a good point.
• 15:44
  And I said, oh my gosh.
• 15:44
  So now I'm so stoked that they're actually realizing
• 15:48
  that reducing the plastic cards in circulation
• 15:52
  can actually have a big impact on the environment.
• 15:54
  So it's like another step.
• 15:56
  It's like, yay, you know, tech, tech, tech there.
• 15:58
  But also, can you just find a different material that's not plastic?
• 16:02
  Surely there's a way to use plants and create something
• 16:06
  that's going to be, I don't know, you chuck it under a flower bed
• 16:09
  and it turns into a flower.
• 16:10
  A tiny bit of wood.
• 16:11
  Yeah, like let's just get a little bit more creative
• 16:13
  with maybe the products that we're creating cards out of.
• 16:15
  Like surely you don't need it to your plastic.
• 16:17
  Yeah.
• 16:19
  Maybe it's just a chip that we insert and that would be great.
• 16:23
  If I had it somewhere in my body and I was just like,
• 16:25
  swipe.
• 16:26
  Yeah.
• 16:27
  Yeah, like, oh, hand print.
• 16:28
  Oh my god.
• 16:29
  We started doing that.
• 16:30
  We talked about it.
• 16:31
  It feels very pleasant.
• 16:32
  That was an idea.
• 16:33
  Yeah, I do.
• 16:34
  So you got to bounce it.
• 16:36
  And you go, this is me.
• 16:38
  No.
• 16:38
  Yeah.
• 16:39
  And then you're trying to use a fake ID.
• 16:41
  I can't remember what company that was.
• 16:42
  What would you do?
• 16:43
  You can't.
• 16:44
  Oh, that's tragic for the 15 year olds that want to go to the company.
• 16:48
  Gosh, that was a sad thing.
• 16:49
  I remember doing that.
• 16:50
  And I was like walking up and I was like,
• 16:51
  and my star sign is this and I've practiced,
• 16:53
  I've practiced my signature and my nicknames there.
• 16:57
  And all my friends name.
• 16:58
  So if you turn around, you'd be like,
• 16:59
  Sally, Faria.
• 17:02
  And her name's actually, we're Margaret.
• 17:04
  Oh god, I remember my sister.
• 17:06
  So sorry, quickly, she came to visit me in Christchurch
• 17:08
  when I was at uni.
• 17:09
  So she wasn't 18 yet.
• 17:11
  And she'd had far too many vodka cruises.
• 17:15
  And I remember she walked up to the balancer,
• 17:17
  gave this fake ID and they were like,
• 17:18
  looking at her like, you're deaf.
• 17:19
  This is definitely not yet.
• 17:20
  And they were like, can you just sign your name?
• 17:22
  Which they never did.
• 17:23
  But we always practiced.
• 17:24
  And she goes and signs through her name.
• 17:26
  Or Lucy, Laura, and it's smacked her thing down.
• 17:29
  And she goes, thank you and try to walk in.
• 17:30
  No, I'm like, no.
• 17:31
  No, no, no, no, that is not enough.
• 17:34
  Back out horn, you're going.
• 17:36
  All the friends that didn't get it.
• 17:37
  And you're like, sorry, what?
• 17:38
  Bye.
• 17:41
  That's great friend I was.
• 17:43
  Okay, so sorry, there hasn't been too much finance
• 17:45
  to share in this, but that's all right.
• 17:46
  We'll leave it in the next week.
• 17:48
  We're going to finish on a, where do you rather?
• 17:51
  This is quite appropriate since we're talking about the planet.
• 17:53
  Would you rather make $100,000 on Bitcoin,
• 17:56
  or $50,000 investing in a business that helps the environment?
• 17:59
  Oh, that's a really good one.
• 18:03
  I so want to say the $50,000 on the helping company that's doing well,
• 18:12
  but I can't help but think I would want to.
• 18:14
  Is that bad?
• 18:16
  No, no, no, it's okay.
• 18:18
  I've got to be honest.
• 18:19
  I think I would choose the $100,000.
• 18:21
  Okay, this will make you feel better.
• 18:22
  Why don't you make $100,000?
• 18:24
  And then spend the money on something that's doing good.
• 18:26
  Yeah.
• 18:27
  We'll spend $20,000 of that.
• 18:28
  We're doing something good, knowing you've made a little bit more
• 18:31
  than I would do that.
• 18:32
  Yeah, yeah.
• 18:33
  Yeah, what would you do?
• 18:34
  Yeah, I'd do the same too.
• 18:35
  I'd make $100,000 and then use that to invest in something else again.
• 18:38
  Yeah, yeah, yeah.
• 18:39
  That's a good one though.
• 18:41
  Oh, I'm a shit human.
• 18:43
  Because I bang on about loving the environment and wanting to help it.
• 18:45
  And as soon as money's involved, you're like,
• 18:46
  Oh, gosh.
• 18:51
  Thank you so much for listening to The Curve Weekly.
• 18:53
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  Bye.
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  Sweet.
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  Yeah.
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  See you next Tuesday.
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  Well,
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  see you next Tuesday.
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  I mean, Monday.
• 19:30
  you