Latest / Early Edition with Ryan Bridge / Full Show Podcast: 14 May 2025

Transcript

Full Show Podcast: 14 May 2025 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, these reviews and the inside. Ryan Bridge on
0:06
Speaker 1: early edition with one roof Make your Property search Simple.
0:11
Speaker 2: News Talks.
0:11
Speaker 3: Ed B.
0:12
Speaker 2: Good morning, it is six after five News Talks. Hebe
0:14
Speaker 2: coming up. We'll talk superannuation, the fact that we're going
0:17
Speaker 2: to start pulling money out of the super fund. But
0:20
Speaker 2: don't worry, it won't shrink. That's what we're told. That's
0:22
Speaker 2: just before six this morning. Gavin Graham, the UK Zelenski's
0:25
Speaker 2: basically going to Turkey to sit in a seat and
0:29
Speaker 2: wait for Putin to turn up in the hope that
0:32
Speaker 2: he does. D One will be there too. Gavin Gray
0:34
Speaker 2: with us at quarter to six this morning. We'll get
0:37
Speaker 2: to our reporters around the country. Plus we'll talk to
0:40
Speaker 2: him a Ridian about buying Flick and there's something else
0:44
Speaker 2: I wanted to talk to you about. Oh did he
0:46
Speaker 2: Goodness me, the trial is getting weird. More on that
0:50
Speaker 2: in a sec News Talks. HEB.
0:53
Speaker 1: The agenda.
0:54
Speaker 2: It is Wednesday. Thefording to the mad Trumps tour of
0:56
Speaker 2: the Middle East kicks off with an arms deal with
0:59
Speaker 2: the Saadi's two hundred and forty billion New Zealand dollars worth.
1:02
Speaker 2: It's a weapons for AI swap.
1:05
Speaker 4: The usory relationship has been a bedrug pubsecurity and prosperity.
1:12
Speaker 4: Today read reaffirm this important bond, and we take the
1:16
Speaker 4: next steps to make our relationship closer, stronger, and more
1:20
Speaker 4: powerful than ever before.
1:22
Speaker 2: Also comments on a run and Syria. I'll get to
1:24
Speaker 2: that in a second. Kim Kardashi and giving evidence in
1:27
Speaker 2: Paris over the gunpoint robbery.
1:30
Speaker 5: Now, at one point she broke down in tears inside
1:34
Speaker 5: that quarry. She said, they put the gun to my back.
1:38
Speaker 5: And that's the first moment when I thought, should I
1:40
Speaker 5: run for it down the stairs? But it wasn't a
1:43
Speaker 5: good option, so I stayed and I realized I should
1:45
Speaker 5: probably do whatever they say.
1:48
Speaker 2: Now to New York, Diddy's ex girlfriend in his six
1:52
Speaker 2: trafficking trial says six and drug parties lasted up to
1:56
Speaker 2: four days. They were called freak coughs. Apparently they apparently
2:01
Speaker 2: they were brutal. Now, yesterday the court heard from Daniel Phillip.
2:05
Speaker 2: He's a former manager of male strippers.
2:08
Speaker 6: He heard what he.
2:09
Speaker 7: Believed was an assault of Holmes beating Ventura, but he
2:14
Speaker 7: did return to see.
2:15
Speaker 8: The couple again. After those interactions.
2:17
Speaker 7: Some of the graphic details that even Holmes's children's had
2:20
Speaker 7: to get up and leave.
2:21
Speaker 2: The courtroom for it is eight after five.
2:26
Speaker 1: Get ahead of the headlines on early edition with Ryan
2:29
Speaker 1: Bridge and one roof Make Your Property Search Simple News
2:34
Speaker 1: Talk said be we.
2:35
Speaker 2: Talked about Flick Electric yesterday and this now had the
2:38
Speaker 2: news confirmed that Meriadian is basically swallowing up Flicks. So
2:41
Speaker 2: we'll have Meriadian on the program at twenty past five
2:44
Speaker 2: this morning. A few questions for them about what that
2:46
Speaker 2: means for your power prices. Now, this pay parity debate
2:51
Speaker 2: thing is not going away. Actually, I was talking to
2:53
Speaker 2: a friend of mine yesterday who's a woman who doesn't
2:57
Speaker 2: have children, and which I was saying, you know, you
3:01
Speaker 2: don't do too bad money wise, and people will say
3:04
Speaker 2: I'm man explaining whatever. I don't really care. I'm just
3:07
Speaker 2: we're just having a conversation. And I looked it up.
3:10
Speaker 2: There's some studies that have been done, one out of
3:13
Speaker 2: Princeton that says women tend to take lower paid but
3:17
Speaker 2: more flexible roles after their first child, and that affects
3:21
Speaker 2: their pay and their career prospects. Laid down the track
3:23
Speaker 2: that actually childless women tend to earn around the same
3:28
Speaker 2: as men. This is not me saying that this is
3:30
Speaker 2: a study. All right, calm down, but you know it
3:36
Speaker 2: is it a gender issue? Are their gender issues? I'm
3:38
Speaker 2: sure there are, But is the child bearing and rearing
3:41
Speaker 2: issue actually a bigger one potentially when it comes to pay.
3:45
Speaker 2: I don't know anyway, whatever whatever that's going on, this
3:47
Speaker 2: issue is not going to go away. It's just not
3:50
Speaker 2: before the election and Labor will make sure of that.
3:53
Speaker 2: The problem I think for the government, and this is
3:56
Speaker 2: what was in the House the other day, was watching
3:58
Speaker 2: Chloe Swarbrook, who so actually I think made a good
4:01
Speaker 2: point that just weeks after the budget, all MPs, including
4:06
Speaker 2: the cabinet, including the Prime Minister, are going to get
4:10
Speaker 2: what pay rise seven hundred thousand dollars worth of extra
4:14
Speaker 2: pay this year one point two four million dollars next year.
4:19
Speaker 2: Now like it all though that politics is about perception
4:23
Speaker 2: and this is an independent body, right but Luxon was
4:27
Speaker 2: asked about it in the House. It's an independent body
4:30
Speaker 2: that decides. But guess what they do. They compare his
4:34
Speaker 2: job to similar jobs here and overseas and decide what
4:38
Speaker 2: he should be paid. Now does that sound familiar to you, Yeah,
4:40
Speaker 2: it sounds a little bit like the pay parity thing,
4:42
Speaker 2: doesn't it and close Swarbrick, to her credit, was actually
4:45
Speaker 2: onto this and said, you know, why are you taking
4:48
Speaker 2: the paying increase? And it's not that simple, it's not
4:50
Speaker 2: black and white, but it's just politics, right, why are
4:53
Speaker 2: you taking the pay increase and then you're cutting the
4:55
Speaker 2: pay for women? Blah blah blah. So I reckon. If
4:58
Speaker 2: I was Chris Hipkins, what I would do is immediately
5:02
Speaker 2: announced that Labour's caucus won't accept the increase, or they'll
5:07
Speaker 2: accept it and donate it to a woman's cause or
5:09
Speaker 2: something like that. Because then at the budget you stand
5:11
Speaker 2: there and you go, oh look, here's mister rich guy,
5:14
Speaker 2: you know, getting tens of thousands dollars extra and taking
5:19
Speaker 2: the money away from the women. Remember just Sinda Adourn froze,
5:23
Speaker 2: she froze the pay for MPs when she was empowered
5:26
Speaker 2: think back in twenty eighteen. So it can be done.
5:28
Speaker 2: It's not impossible. That'd be what I would do. That
5:32
Speaker 2: would be my advice for Labor. This morning just got
5:34
Speaker 2: eleven minutes after five News talk ZIB coming up next,
5:37
Speaker 2: we're going to talk about cybersecurity, the threats that you
5:40
Speaker 2: face and how much it's costing us each of us
5:43
Speaker 2: every year.
5:44
Speaker 1: News and Views you Trust has done. Your day is
5:47
Speaker 1: early edition with Ryan Bridge and One Room, Make your
5:51
Speaker 1: Property Search Simple, News.
5:53
Speaker 2: Talk ZIB fourteen after five. We've got us inflation data
5:57
Speaker 2: out for April this morning, the Consumer Price Index, This
5:59
Speaker 2: is CEA only adjusted rose zero point two percent for April.
6:03
Speaker 2: This is good news because it's not terrible news. They
6:06
Speaker 2: were worried obviously after Liberation Day, which was April second,
6:09
Speaker 2: worried that that would have pushed prices through the roof
6:12
Speaker 2: for the month. That hasn't happened, but doesn't mean it
6:16
Speaker 2: won't later on in the summer. You could start to
6:18
Speaker 2: see the flow through, the flow on effects of that.
6:20
Speaker 2: It's just gone fourteen after five. Y half of us
6:24
Speaker 2: were the target. Half of us the target of online
6:27
Speaker 2: scammons and frauds last year. That's according to a new
6:29
Speaker 2: survey from the National Cybersecurity Center. It found the cost
6:32
Speaker 2: of the country total one point six billion in twenty
6:35
Speaker 2: twenty four. Mike Yagish the National Cybersecurity Center with us
6:39
Speaker 2: this morning.
6:39
Speaker 3: Mike, good morning, Hey, good morning, Ryan, Thanks for having me.
6:42
Speaker 2: Yeah, good to have you on. So who's doing this targeting.
6:46
Speaker 3: Well, this targeting will be a range of cyber criminals.
6:51
Speaker 3: And what we know is, you know why we might
6:54
Speaker 3: think that we might not be targeted, and these cybercriminals
6:57
Speaker 3: would go after anyone who has information or money. So
7:01
Speaker 3: that really means that any of us could be subject
7:03
Speaker 3: to these sorts of things.
7:05
Speaker 2: Eight hundred and thirty thousand of us fell the scams
7:07
Speaker 2: or were tricked by scams. The financial loss average was
7:10
Speaker 2: twelve hundred and sixty dollars. What was what's the most
7:13
Speaker 2: anyone's in that year? What's the most someone or a
7:16
Speaker 2: company lost?
7:17
Speaker 3: Oh? Sure, it's a huge range, you know, it goes
7:19
Speaker 3: from tens of dollars up to hundreds of thousand, hundreds
7:24
Speaker 3: of thousands. I think though, what's important to remember is
7:27
Speaker 3: that it's a financial loss here, but there's also the
7:31
Speaker 3: loss of time, the loss of information, and the emotional
7:35
Speaker 3: well being cold. So although the money differs and money
7:39
Speaker 3: means different things to different people, so these can have
7:42
Speaker 3: huge impacts on the daily lives of us.
7:44
Speaker 2: Have you managed to track any of the money, find
7:46
Speaker 2: out who's actually doing it, where the money has gone.
7:51
Speaker 3: No, there's not really been our focus through this report. Really,
7:55
Speaker 3: what we're trying to do is kind of break down
7:58
Speaker 3: this barrier where I think feel this won't happen to us,
8:01
Speaker 3: but our research, who's happens to over half of us.
8:05
Speaker 3: We therefore all need to take some practical steps to
8:08
Speaker 3: improve our security.
8:09
Speaker 2: Have you are you aware of any threats coming from
8:12
Speaker 2: any of these scams coming from North Korea to New Zealand.
8:17
Speaker 3: In this research, we have asked people about the threats
8:22
Speaker 3: that they've faced, and we haven't helped them through detail
8:27
Speaker 3: into each of the reports through the research.
8:30
Speaker 2: Do you know, generally outside of this research, are we
8:33
Speaker 2: getting hacked and attacked by North Korea?
8:37
Speaker 3: When we do our annual reports, we say that there
8:43
Speaker 3: are a ranger three actors out there summer.
8:46
Speaker 2: Why don't we Why don't we name them? Because Google
8:49
Speaker 2: came out this year with a release and said North
8:51
Speaker 2: Korea is attacking New Zealand and Australia.
8:56
Speaker 3: In some cases we do name states. I guess what
8:59
Speaker 3: what important for us is that often, as if you're
9:03
Speaker 3: defending yourself or you're defending your organization, understanding who did
9:09
Speaker 3: it isn't always the most important thing. Understanding the techniques
9:12
Speaker 3: or the types of things that people are doing is
9:15
Speaker 3: more important because that's how that helps you inform your defense.
9:20
Speaker 2: We call them out though, I mean, are you aware
9:22
Speaker 2: of any from North Korea?
9:24
Speaker 3: And where is important for us to call it out?
9:27
Speaker 3: We do so so. For example, last year we publicly
9:31
Speaker 3: attributed an attack against our parliamentary services to the People's
9:38
Speaker 3: Republic of China. And we do that when we believe
9:40
Speaker 3: it's in the best interests for the country. But in
9:43
Speaker 3: other times it's not necessarily required to inform the defenses
9:48
Speaker 3: that people need to take.
9:49
Speaker 2: All right, I appreciate your time this morning, Mike, take
9:52
Speaker 2: care of Mike yagas the National Cybersecurity Center Director of
9:55
Speaker 2: Mission Enablement. That's a part of the GCSPE It's just
9:59
Speaker 2: hence the seek see eighteen minutes after five. We'll get
10:02
Speaker 2: to Meridian next on their purchase of Flick.
10:05
Speaker 1: Ryan Bridge on affili edition with one roof Make your
10:08
Speaker 1: Property Search Simple used talk Zivvy.
10:12
Speaker 2: Five twenty news Talk ZB. The rumors were true. Z
10:15
Speaker 2: Energy's power company, Flick has bowed out of the market
10:17
Speaker 2: forty one thousand customers. They're going to move to Meridian,
10:20
Speaker 2: who bought it for seventy million. The market now dominated
10:22
Speaker 2: by the four major gen Taylors and the various brands
10:25
Speaker 2: under which they sell electricity. Lisa Hannafan, the Meridian chief
10:29
Speaker 2: customer officer, with me this morning. Lisa, good morning, Good
10:31
Speaker 2: morning Ryan. Is this going to mean higher prices for
10:34
Speaker 2: the market now that it's more consolidated and we have
10:36
Speaker 2: fewer retail options?
10:39
Speaker 8: I don't think so. I think that New Zealand's actually
10:42
Speaker 8: really well served with the amount of competitors we've got.
10:45
Speaker 8: We've got more in New Zealand per capita than both
10:48
Speaker 8: Australia and the UK, and we all compete pretty fiercely
10:51
Speaker 8: out here.
10:53
Speaker 2: But we've just you've just consolidated. You're taking on what
10:57
Speaker 2: an eighteen percent market share?
10:59
Speaker 3: Is there?
10:59
Speaker 2: What you've got?
11:01
Speaker 8: That's right? Well, once we've acquired Flick, we'll have eighteen percent,
11:04
Speaker 8: so that will leave us in our normal position, which
11:06
Speaker 8: is the fourth largest electricity retailer.
11:09
Speaker 2: And you don't think it's going to have any effect
11:12
Speaker 2: on prices.
11:13
Speaker 8: I don't think it is. No. I think that we're
11:17
Speaker 8: all fighting for every customer that we get, and we
11:20
Speaker 8: know that customers expect really good value for money, so
11:24
Speaker 8: we think that our pricing is really fair and that
11:28
Speaker 8: our Newflix customers will be really well served.
11:32
Speaker 2: Do you give, as a business preferential hedge deals to
11:35
Speaker 2: your retail alarm? This is what the Commerce Commission says
11:38
Speaker 2: you do.
11:40
Speaker 8: Yes, we have heard that, but that's not really how
11:42
Speaker 8: it works. Obviously, we are a vertically integrated business, and
11:46
Speaker 8: that's actually a really great thing for customers because what
11:48
Speaker 8: it means is that we can insulate those customers from
11:52
Speaker 8: the volatility that you do see in a renewables market. So, no,
11:56
Speaker 8: we don't give preferential treatment. We offer hedges to the
12:00
Speaker 8: market just like everybody else.
12:02
Speaker 2: But are they on the same terms as you would
12:05
Speaker 2: offer to the smaller players, Because this is the argument,
12:08
Speaker 2: right that the lights of Flick have been pushed to
12:11
Speaker 2: the wall and forced to sell because they're not getting
12:15
Speaker 2: the same access to sweetheart deals as if they were
12:20
Speaker 2: a vertically integrated business.
12:22
Speaker 4: Yeah.
12:22
Speaker 8: So one of the things that was really attractive about
12:25
Speaker 8: the Flick proposition is that they did have a really
12:29
Speaker 8: sophisticated hedge book, so they were actually really well hedged,
12:32
Speaker 8: which is just a demonstration that it is possible to
12:35
Speaker 8: build that really strong book even if you are not
12:38
Speaker 8: a generator of electricity. So I don't think that is
12:41
Speaker 8: the case. Flick have decided that they want to exit
12:44
Speaker 8: the market to focus on what their core business is,
12:47
Speaker 8: which is transport and EVS, and so they're getting out
12:50
Speaker 8: of retailing electricity in both New Zealand and Australia. It's
12:53
Speaker 8: not about a takeover of the gen tailors.
12:56
Speaker 2: So you're if you're telling me that you do not
12:59
Speaker 2: and you have never given better terms or conditions on
13:03
Speaker 2: a hedge deal to your own retail arm than you
13:07
Speaker 2: would have given to any smaller operator. Is the Commerce
13:10
Speaker 2: Commission lying or wrong?
13:13
Speaker 8: I don't think the Commerce Commission is lying certainly right. Well,
13:19
Speaker 8: I don't think that we're saying that. I think how
13:22
Speaker 8: how vertical integration works is we don't sell hedges to
13:25
Speaker 8: our retail business. We're one business that generates electricity and
13:28
Speaker 8: we also retail to our customers, and we have some
13:31
Speaker 8: internal mechanisms for how that works, but we certainly don't
13:35
Speaker 8: sell hedges internally, that's not how it works.
13:37
Speaker 2: What are your internal mechanisms?
13:40
Speaker 8: So we generate electricity and we sell it on the market,
13:43
Speaker 8: and we also buy energy and we sell it to
13:47
Speaker 8: our retail customers, and that s that's how it works.
13:50
Speaker 2: Right, So there's No, you cannot see where the Commerce
13:53
Speaker 2: Commission is coming from at all in their in their
13:55
Speaker 2: complaints and their their sort of request for change.
13:59
Speaker 8: Look, we really wellcome any investigation into the industry. We
14:03
Speaker 8: want it to be really strong and robust. We think
14:05
Speaker 8: that's really important. Energy is the cornerstone of our economy
14:09
Speaker 8: and everybody needs to use it in their life, so
14:11
Speaker 8: we'll welcome any investigation. But I'm really confident that we're
14:15
Speaker 8: doing the right thing, all.
14:16
Speaker 2: Right, Lisa appreciate Tom's wanting. Lexa Hannafin Ridy and Chief
14:19
Speaker 2: Customer Officer with US just gone twenty four after five
14:21
Speaker 2: News Talks VB the early.
14:23
Speaker 1: Edition full the show podcast on iHeartRadio, how It by NEWSTALKSB.
14:29
Speaker 2: News Talks MB it is five twenty six. Labor is
14:31
Speaker 2: back to its old tricks ahead of the budget. We've
14:34
Speaker 2: got the same message basically we got from a barefoot
14:36
Speaker 2: jandle wearing Chippy on day one of his post summer break.
14:40
Speaker 2: More debt, borrow more and spend more, name and issue.
14:43
Speaker 2: Pick a portfolio, any portfolio where Labor has not criticized
14:46
Speaker 2: the government for cuts and promise to restore spending to
14:49
Speaker 2: pre willis levels. The latest example, of course, is pay parity,
14:52
Speaker 2: but that's the latest in the long list. In case
14:55
Speaker 2: they didn't get the memo here, we's voted for cuts
14:58
Speaker 2: at the last election. We're doing our bit. The government
15:01
Speaker 2: ought to do it's but that is the politics of it.
15:04
Speaker 2: The economics have been up for debate recently. Net core
15:07
Speaker 2: Crown debt and this is not debatable, has more than
15:10
Speaker 2: doubled on pre COVID to one hundred and eighty two
15:13
Speaker 2: billion dollars or forty two point six percent of GDP.
15:18
Speaker 2: Some of this is inflation, but much of it is not.
15:20
Speaker 2: Spending has been baked in. Couple of things to note. Yes,
15:23
Speaker 2: government debt is low compared to other OECD countries, and
15:26
Speaker 2: that's what you hear labours say. But the credit rating
15:29
Speaker 2: agencies are telling us to get it down back to
15:31
Speaker 2: surplus or you risk a credit downgrade and then you're
15:34
Speaker 2: borrowing costs you more. We're already spending more financing debt
15:40
Speaker 2: than we do on defense, police, corrections, justice and customs combined.
15:47
Speaker 2: And remember where the shaky aisles. We've got huge exposure
15:49
Speaker 2: to trade. We need headroom to borrow big if shite
15:52
Speaker 2: hits the fan. Ask any economist all the person who
15:55
Speaker 2: runs your household, and they'll tell you that borrowing for
15:57
Speaker 2: everyday spending is a bad idea. And we're doing that
16:00
Speaker 2: year after year after year after year. And if that's
16:03
Speaker 2: not enough to convince you. On debt, here's the kicker,
16:06
Speaker 2: the real doozy private debt. You know, our student loans
16:10
Speaker 2: and our mortgages one hundred and twenty percent of GDP
16:13
Speaker 2: higher than America, Spain, Germany, Ireland and a bunch of
16:17
Speaker 2: other countries. The worst part, we owe most of it
16:20
Speaker 2: to foreign banks. We can't afford more debt. And yes,
16:25
Speaker 2: Nikola Willis is still spending more, but it's less than labor.
16:29
Speaker 2: The lesser of two evils, Ryan Bridge Talks, said b
16:33
Speaker 2: Gavin Gray in the UK. Coming up after our reporters
16:37
Speaker 2: more on Zelenski and Kim Kay here on news Talk
16:41
Speaker 2: is z b Oh, we're a bit early, aren't we
16:47
Speaker 2: We're only twenty nine minutes. We're only twenty nine minutes
16:50
Speaker 2: after five, So there you go. Basically, I mean, the
16:54
Speaker 2: thing is, you can't say. You can't say that Nicola
16:57
Speaker 2: Willis is not spending more than Grant Robertson did because
16:59
Speaker 2: she blatantly. But you can say that when it comes
17:02
Speaker 2: to debt, and if you're worried about debt, and I
17:04
Speaker 2: think we should be worried about debt, then it is
17:06
Speaker 2: the lesser of two evils the National Party heading into
17:09
Speaker 2: this budget. So Kim Kardashian is in court in Paris.
17:13
Speaker 2: She's been crying. She looks amazing, of course, dressed up
17:16
Speaker 2: to go and there for the photo for the cameras. Anyway,
17:18
Speaker 2: she's in court and she's been giving her testimony. It's
17:21
Speaker 2: it's rather interesting what she's got to say. So we'll
17:23
Speaker 2: talk to Gavin Gray about that and Zelensky heading to
17:26
Speaker 2: Turkey hoping for a deal. All ahead, keen, no need
17:33
Speaker 2: always three D come.
17:35
Speaker 1: Up the news you need this morning and the in
17:38
Speaker 1: depth analysis early edition with Ryan Bridge and one roof
17:42
Speaker 1: Make your Property search Simple.
17:45
Speaker 2: News talks, it'd be it's not the end of the world.
17:51
Speaker 2: Good morning, it is twenty four minutes away from the
17:52
Speaker 2: six year on news talks be the superannuation and the
17:55
Speaker 2: super fun with Drules that Nikola Willis announced would be
17:58
Speaker 2: coming early yesterday. We will talk about that with Jonathan
18:02
Speaker 2: Erickson just before six this morning. We'll get to Gavin
18:04
Speaker 2: Gray in the UK as well. Interesting, Trump has said
18:08
Speaker 2: he's on his tour of the Middle East. He has said,
18:11
Speaker 2: this is a direct quote from him on Syria. They're
18:14
Speaker 2: removing all US sanctions on Syria. This is after the
18:18
Speaker 2: sad regim was toppled. I will be ordering the cessation
18:21
Speaker 2: of sanctions against Syria in order to give them a
18:23
Speaker 2: chance at greatness, it says Trump. It's their time to shine.
18:28
Speaker 2: We're talking them, We're taking them all off and referring
18:32
Speaker 2: to the sanctions. Good luck Syria, he says, show us
18:35
Speaker 2: something very special. It's nice, isn't it now. We talked
18:38
Speaker 2: about this yesterday. We talked about it in relation to maths.
18:42
Speaker 2: But it's like another day, another hangover from cod from
18:45
Speaker 2: the COVID lockdowns. This is the front page of the
18:47
Speaker 2: Herald this morning. News that new entrants come to school
18:51
Speaker 2: with behavior and oral communication issues and believe the COVID
18:55
Speaker 2: nineteen pandemic lockdowns aren't well. The lockdowns, I'm assuming they mean,
18:58
Speaker 2: are to blame the unions calling for more investment and
19:01
Speaker 2: learning support to help address the problem. Of course they are.
19:06
Speaker 2: One of them said they're so disregulated and so undiagnosed
19:12
Speaker 2: that they come five year olds coming to school with
19:14
Speaker 2: oral language so low we can't even communicate with them.
19:19
Speaker 2: And yet these are the same people who said stay home,
19:21
Speaker 2: save lives when we were in the middle of COVID
19:23
Speaker 2: And now look at the You know there are consequences
19:26
Speaker 2: that aren't there. Children don't learn how to talk. Twenty
19:30
Speaker 2: two minutes away from six are We're going to dened
19:34
Speaker 2: In Callen practice with us this morning. Calen, good morning
19:36
Speaker 2: to you. You've got news on the ducks. Good news
19:38
Speaker 2: for the ducks at Fiordland National Park. Yeah, this is
19:41
Speaker 2: one of our native birds, the partech here.
19:43
Speaker 9: They had previously become extinct due to the loss of
19:47
Speaker 9: their habitat, predators and other threats, but docks been slowly
19:50
Speaker 9: reintroducing them to the area around Milford Track since two
19:54
Speaker 9: thousand and nine, complete with transmitters, and the latest reports
19:58
Speaker 9: say that through their predator control efforts of ten eighty
20:01
Speaker 9: they've seen an eighty six percent survival rate of these
20:06
Speaker 9: native birds this year, and other years it's been as
20:09
Speaker 9: low as sixteen percent. How's your weather today, come, it's
20:13
Speaker 9: good for us flying apart from some morning cloud and
20:15
Speaker 9: thirteen today.
20:16
Speaker 2: All right, Clasure, it's christ Church clear, good morning, good morning.
20:19
Speaker 2: Now the Popeyes. This is the fried Chicken place coming
20:23
Speaker 2: your way.
20:25
Speaker 7: Apparently, and social media is excited.
20:27
Speaker 10: Ryan, look this fast food out there is planning to
20:30
Speaker 10: come to the South Island. You might remember being around
20:33
Speaker 10: South Auckland and opening in April last year. There were
20:36
Speaker 10: queues and cues of people waiting to get in. We
20:38
Speaker 10: now know that Tahua Properties Limited is seeking resource consent
20:42
Speaker 10: to build a drive through Popeyes opposite the Durham Street
20:46
Speaker 10: New World Supermarket, which is between Morehouse Avenue and Bath Street.
20:50
Speaker 10: They also plan, and I'm probably more excited about this,
20:53
Speaker 10: to open a separate Starbucks drive through on the same site.
20:55
Speaker 10: With both of those outlets to operate twenty four to seven,
20:59
Speaker 10: Some existing buildings on the site will need to be
21:01
Speaker 10: demolished in order to make way for them.
21:03
Speaker 2: Okay, Starbucks drive through Starbucks worth quicker, frankly, that's a
21:10
Speaker 2: How's that? We're the clear.
21:12
Speaker 10: Cloud clearing too fine early this afternoon southeast turning north
21:15
Speaker 10: east end the highs thirteenth.
21:17
Speaker 2: Brilliant, Thank you Max. Can anyone afford a house in
21:19
Speaker 2: Wellington yet?
21:21
Speaker 11: Well first home buyers, perhaps properly, Prices continue to slide
21:26
Speaker 11: first quarter of the year, down zero point five percent,
21:29
Speaker 11: now four point one percent or so lower than the
21:31
Speaker 11: same point last year, the city seeing one of the
21:34
Speaker 11: biggest falls, upper Hut actually doing okay, rising fractionally there.
21:39
Speaker 11: This is qv's House price index has the average home
21:42
Speaker 11: in the Wellington region now at eight hundred and thirty
21:45
Speaker 11: seven thousand, compared to one point twenty five million ish
21:48
Speaker 11: in Auckland. Still a reaction to how bloated it got
21:50
Speaker 11: a few years ago. Lots of homes on the market,
21:52
Speaker 11: lots of options, the public sector stuff of course, anecdotally
21:56
Speaker 11: a similar story. More first home buyers which would make
22:00
Speaker 11: sense investors down, more former rentals on the market as well,
22:04
Speaker 11: which is all very good for some and not so
22:06
Speaker 11: good for others.
22:07
Speaker 2: Yeah, you don't want to live and you want to
22:08
Speaker 2: get out to the eastern suburbs, really don't. You don't
22:10
Speaker 2: want to be living in Ara Valley where it's all
22:12
Speaker 2: dark and dingy and cold and miserable.
22:15
Speaker 11: Yeah, Tyler Johnsonville is still popular that that sort of way.
22:19
Speaker 2: I wouldn't have gone that way myself. Or you're going
22:22
Speaker 2: to get on the motorway, although actually and saying that
22:25
Speaker 2: getting on the motorway, you are quicker doing that than
22:28
Speaker 2: you aren't getting out east through the tunnel, aren't you. Yeah, exactly,
22:31
Speaker 2: rain points Yeah all right, maybe Taban not sounding too bad? Max.
22:34
Speaker 2: How's the weather, Parley?
22:36
Speaker 11: Cloudy souther He's fifteen the high Central.
22:38
Speaker 2: Nice one, Thank you. Neva's here in Auckland, High Neva. Reetings.
22:42
Speaker 2: So the War Memorial Museum. I saw Disney's Simpson getting
22:45
Speaker 2: quite agitated about this yesterday.
22:47
Speaker 7: Oh yes, Now, look it's closed until further notice. This
22:52
Speaker 7: is after the discovery. Now there's moreesbestos. So the museum
22:55
Speaker 7: has been closed since Saturday. Staticespestos dust was detected. Now
23:00
Speaker 7: this was in the old museum building, in the grand foyer.
23:02
Speaker 7: What's happened Now It's been found in other parts of
23:05
Speaker 7: the building as well. So yeah, you're quite right. Deasley
23:08
Speaker 7: was saying, you know, disclosure is costing the museum thousands
23:11
Speaker 7: and lost admissions, missing out on about eight thousand dollars
23:14
Speaker 7: a day. So the museum says, look, it's working as
23:17
Speaker 7: fast as it can through the assessment, cleaning preparations, but
23:20
Speaker 7: at this stage we don't know when it's going to reopen.
23:23
Speaker 2: It is a shame. How's the weather today?
23:26
Speaker 4: Okay?
23:27
Speaker 7: So it's partly cloudy. We've got a shower or two
23:28
Speaker 7: this morning, also in the afternoon, still warm though twenty
23:31
Speaker 7: is the high.
23:32
Speaker 2: Nice one. Never right, it is eighteen minutes away from
23:35
Speaker 2: six year old news talk sare'd be lots of feedback
23:38
Speaker 2: coming in on that Ryan, five year old starting school now,
23:41
Speaker 2: is likely not born when COVID was here. Yeah, I
23:45
Speaker 2: suppose you're right, But it's the after effects of it,
23:47
Speaker 2: that's what they're saying. Ryan, this is rubbish. Kids can't
23:51
Speaker 2: talk because of COVID. They would have been home with
23:53
Speaker 2: the parents, who presumably says Simon can talk. Yeah, but
23:57
Speaker 2: it's the interaction, isn't that when you're a toddler. It's
24:00
Speaker 2: the interaction that you have with other kids that in
24:03
Speaker 2: going to your daycare or your kindy or whatever, learning
24:06
Speaker 2: all of those skills. Nine two nine two. It's eighteen
24:11
Speaker 2: to sex News Talks B. We'll get to Deevin gray.
24:13
Speaker 1: Nicks international correspondence with Ensit Eye Insurance Peace of Mind
24:17
Speaker 1: for New Zealand Business.
24:20
Speaker 2: It is called to six on News talksic Bkevin Gray's
24:22
Speaker 2: a UK europe correspondent. Gavin, good morning now, I'm on
24:26
Speaker 2: in the right We've got Zelenski going to Turkey in
24:30
Speaker 2: hoping basically going to sit down in the seat next
24:32
Speaker 2: to Erduwe and I hope that Putin turns up.
24:36
Speaker 6: Yes, And I think the hope is probably quite justified
24:39
Speaker 6: now because it was Putin that said, let's talk, let's
24:43
Speaker 6: meet face to face, let's do it in Turkey. Uh,
24:46
Speaker 6: and so lot of mi Zelensky I think pretty hopeful
24:49
Speaker 6: that finally he will get that meeting. But he has
24:52
Speaker 6: had to backtrack on something he said, cease fire agreement first,
24:57
Speaker 6: then meeting face to face, and since Donald try intervention
25:00
Speaker 6: saying you two need to sit down face to face,
25:03
Speaker 6: that has slightly changed. So I think in that respect,
25:07
Speaker 6: perhaps he's not quite got the introduction to the meeting
25:10
Speaker 6: that it hoped for. But yes, the US is expected
25:13
Speaker 6: to send a high level delegation as well, and by
25:17
Speaker 6: confirming his visit to Turkey earlier today, Zelenski clearly sought
25:21
Speaker 6: to intensify pressure on Russia to be there and respond
25:25
Speaker 6: and agree to a cease fire. Whether that pressure will
25:28
Speaker 6: pay off is another matter.
25:29
Speaker 12: Of course.
25:30
Speaker 6: We've been here and we've been waiting for this moment
25:33
Speaker 6: for a long time without any show of a ceasefire.
25:36
Speaker 2: So far, this story is incredible. This is a out
25:39
Speaker 2: of the court of appeal, a guy who served thirty
25:42
Speaker 2: eight years in prison for murder and his conviction's now
25:47
Speaker 2: been quashed. You've got new DNA evidence.
25:51
Speaker 6: Yeah, that's right. A terribly terribly sad case which of
25:54
Speaker 6: course left a young girl murdered a twenty one year
25:57
Speaker 6: old bar maid back in nineteen eighty but has left
26:01
Speaker 6: a man being the victim of the longest miscarriage of
26:04
Speaker 6: justice involving a living prisoner in British legal history fourteen thousand,
26:10
Speaker 6: one hundred and thirteen days in custody. That's thirty eight years,
26:14
Speaker 6: seven months and twenty one days after his arrest. Astonishing.
26:19
Speaker 6: This is because new technology allowing a different type of
26:23
Speaker 6: DNA profiling has shown that this man was innocent. So
26:28
Speaker 6: Peter Sullivan is his name, and he was jailed over
26:31
Speaker 6: the killing in nineteen eighty six as this barmaid walked
26:34
Speaker 6: home from a shift. There was talk about him semi
26:38
Speaker 6: sort of confessing at the time, but this might have
26:41
Speaker 6: been owing to a mental illness that he had at
26:44
Speaker 6: the time, and this latest DNA evidence on various substances
26:50
Speaker 6: left in and around the body shows that it wasn't
26:54
Speaker 6: him and therefore he has now we believe, been set
26:58
Speaker 6: free as of about three hours ago from prison. Amazingly,
27:03
Speaker 6: he's turned around in a statement and said he isn't bitter,
27:06
Speaker 6: He isn't really bad about this. He said, at the
27:09
Speaker 6: heart of it, we still have a young girl who's
27:12
Speaker 6: been murdered and we still don't know who did it.
27:14
Speaker 2: Go after thirty eight years in prison for a crime
27:18
Speaker 2: you didn't commit, that's pretty gracious. Appreciate your time that's given,
27:22
Speaker 2: Gray are UK. You're a correspondent, just gone twelve minutes
27:24
Speaker 2: away from six. So we've heard from Nichola Willis in
27:27
Speaker 2: the pre budget speech and she has hinted there's something
27:30
Speaker 2: that might be coming to help with our Kiwi savers
27:34
Speaker 2: and the government will also make its firstive and withdrawal
27:36
Speaker 2: from the New Zealand Super fun and twenty twenty eight.
27:39
Speaker 2: A couple of months ago, I asked Nicola Willis about
27:41
Speaker 2: a potential boost because you need to get our savings
27:44
Speaker 2: rates up. I think we're at about one hundred or
27:46
Speaker 2: just over one hundred billion dollars in Kiwi saver assets
27:48
Speaker 2: at the moment, but you look at Australia and it's
27:51
Speaker 2: something like forty trillion or something massive. So anyway, I
27:54
Speaker 2: asked her about this a couple of months ago.
27:56
Speaker 12: There are a range of other ways in which we
27:58
Speaker 12: could help KIWI savers and if their balances are including
28:01
Speaker 12: the rates of contributions and other things. So we're working
28:04
Speaker 12: through that. But I think it's really important that more
28:06
Speaker 12: key Wes have more financial security in their retirement and
28:09
Speaker 12: I'm prepared to make changes to deliver that.
28:12
Speaker 2: Jonathan Rickson's a superannuation and super fund expert with me
28:15
Speaker 2: this morning. Jonathan, Good morning, morning Ryan. How do you
28:18
Speaker 2: think they might go about doing this?
28:21
Speaker 13: Well, there's two very easy or straightforward ways. One is
28:26
Speaker 13: to cut the rate of interest on our savings, so
28:31
Speaker 13: you get taxed on your retirement income while it's rolling up.
28:36
Speaker 13: And if you reduce the rate like they do in
28:38
Speaker 13: Australia to fifteen percent tax on the investment income whereas
28:43
Speaker 13: a lot of New Zealanders pay seventeen and a half
28:45
Speaker 13: or twenty eight, well that would make a huge difference
28:48
Speaker 13: to the compounding interest effect of our growing savings. The
28:52
Speaker 13: other one would be to remove the ESCT there withholding
28:57
Speaker 13: tax on the employer's contributions and put that in text free,
29:02
Speaker 13: which is something that the Labor government introduced when ki
29:06
Speaker 13: We Sayer started that the National Party took off when
29:09
Speaker 13: they were in power under bil English.
29:11
Speaker 2: Now those are obviously not going to be cost neutral.
29:13
Speaker 2: They're going to cost the government something. What about an
29:16
Speaker 2: option that wouldn't cost them anything? I putting up the
29:19
Speaker 2: employer contribution and doing it that way, Well.
29:23
Speaker 13: That would crust the employer something. And whilst politicians don't know,
29:28
Speaker 13: I run a small business and I can assure you
29:31
Speaker 13: that employers still have a vote.
29:35
Speaker 2: Yeah, and the good point and they voted for this party,
29:37
Speaker 2: didn't they. What about the super fund? You know the
29:39
Speaker 2: fact that we're going to start pulling out of the
29:41
Speaker 2: super fund early. Is it a worry or should we
29:43
Speaker 2: rechill about this?
29:44
Speaker 13: We should be thrilled. This is what the super fund
29:48
Speaker 13: is for. It's up to eighty billion, which is just
29:51
Speaker 13: a TED one hundred billion in ki We say is right.
29:56
Speaker 13: And the point is that this super fun and is
30:00
Speaker 13: generating returns of about ten percent perannum and one percent
30:05
Speaker 13: of that would be eighty million, so paying thirty two
30:11
Speaker 13: million towards our New Zealand super and reducing the tax
30:16
Speaker 13: burden on the government or allowing that thirty two million
30:19
Speaker 13: to be spent on health or education or pay parity
30:24
Speaker 13: or whatever, would actually benefit the government in terms of
30:29
Speaker 13: its fiscal position, but wouldn't damage the Super fund at all.
30:33
Speaker 13: And as I say, that's exactly what this fund was
30:36
Speaker 13: set up to do, to reduce the cost of New
30:39
Speaker 13: Zealand Super. As our population ages and we live no longer.
30:44
Speaker 2: Okay, interesting, I'm thirty years away by make calculating from
30:49
Speaker 2: retirement age. By the time I get there, will New
30:52
Speaker 2: Zealand Super exist? Do you think should so?
30:56
Speaker 13: Without question? Because of this fund and because of the
31:00
Speaker 13: system we've got now. One of the key issues is
31:03
Speaker 13: whether they put the age up to seventy make you wake,
31:06
Speaker 13: wait another five years.
31:07
Speaker 3: You've got to work for the other five right, But.
31:09
Speaker 13: In actual fact, now with the health costs and the
31:14
Speaker 13: changing population that we've got a bit more Mari pacifica,
31:18
Speaker 13: we think that the age of retirement should stay at
31:20
Speaker 13: sixty five. So the less moving of the goldpost they do,
31:24
Speaker 13: the better, But the less texts they take out during
31:27
Speaker 13: the accumulation phase, the better.
31:30
Speaker 2: Two Jonathan Erickson, Superannuation and Super Fund expert fascinating stuff
31:34
Speaker 2: eight minutes away from six News Talks theb Maright.
31:36
Speaker 1: Next, the First Word on the News of the Day
31:39
Speaker 1: Early edition with Ryan Bridge and One Room to Make
31:43
Speaker 1: Your Property, Surgeon Symbol News Talk ZIB looks.
31:46
Speaker 2: Away from six on News Talks ZIB. Mike is with
31:48
Speaker 2: us now, Good morning, Mike.
31:50
Speaker 14: Two questions for you.
31:51
Speaker 3: You ready?
31:52
Speaker 2: Yes?
31:52
Speaker 14: In what way has the Trump Administration's treatment of the
31:56
Speaker 14: border put you off or not traveling to the United States?
32:00
Speaker 2: No, because you look at the overall numbers and that
32:03
Speaker 2: nothing's changed, So you take the risk. You take the risk,
32:05
Speaker 2: and I think the probleming you've got is that it's
32:08
Speaker 2: all in the media, so there's a lot of focus
32:10
Speaker 2: on it. So every time someone gets frisked, you hear
32:12
Speaker 2: about it, and so you have.
32:14
Speaker 14: No fears whatsoever.
32:15
Speaker 2: Okay.
32:16
Speaker 14: Second question is would you go to watch Wrexham simply
32:21
Speaker 14: because here?
32:23
Speaker 2: Yeah? Would you go to watch.
32:24
Speaker 14: Wrexham simply because Reynolds owns the side?
32:28
Speaker 2: I was thinking about this very point yesterday. Well, first
32:31
Speaker 2: of all, billionaires and famous people owning football clubs, but
32:35
Speaker 2: are they actually any good? I don't know anything about them.
32:37
Speaker 14: As Wrexham's an ordinary site.
32:39
Speaker 2: So it is about the star pouner.
32:41
Speaker 14: This is what I'm asking.
32:42
Speaker 4: I don't know.
32:42
Speaker 14: So you notice the sports news, if you're listening to that,
32:44
Speaker 14: they're suddenly saying we don't know whether Ryan Reynolds is
32:47
Speaker 14: coming with the Wrexham side. Now, why is that a
32:49
Speaker 14: sports story.
32:50
Speaker 2: It's not a sports star or a fanboy thing.
32:52
Speaker 14: It's a fanboy thing. So if you want to go
32:53
Speaker 14: see Ryan Reynolds, fantastic, that's okay. But why would you
32:56
Speaker 14: go see Wrexham, which you've never heard of? You have
32:59
Speaker 14: no interest. It's a good question under normal circumstances. See,
33:02
Speaker 14: people don't. I'm out there on the newsroom. No one
33:04
Speaker 14: asked these questions, right.
33:05
Speaker 2: Well, it's like, why did people go and watch the
33:08
Speaker 2: super Bowl? It's because of Taylor Swift. No that's not true.
33:11
Speaker 14: Well, well we go watch the super Bowl because it's
33:14
Speaker 14: the culm and angement, but the event as an event.
33:19
Speaker 14: But Rixm's not an event. Rixam's only owned by a
33:23
Speaker 14: guy you might have heard of in a movie. You
33:24
Speaker 14: might have seen the same way Tom Brady's bought I
33:28
Speaker 14: can't even remember the size of Boomingham whatever he's bought.
33:31
Speaker 14: In the British Football League. If they came out here,
33:33
Speaker 14: you know nothing about them, would you go watch them?
33:35
Speaker 2: Just because? Tom Brady? But your problem is not with me. Mine.
33:37
Speaker 2: Your problem is with the sports people. So we're hyping
33:40
Speaker 2: this up. Oh no, my problem.
33:42
Speaker 14: I'm not going but no, no, no, no, I'm just
33:43
Speaker 14: I'm just interested in how we view these things. Well,
33:46
Speaker 14: it's a weird old world in which we operate, isn't it.
33:48
Speaker 14: You know what I'm saying. Nikola Willis, I've got her
33:51
Speaker 14: on this morning. David Seymour, got him on this morning.
33:55
Speaker 14: Got them all right, go around the going around the
33:58
Speaker 14: cabinet table. A few secrets, all right, Mike's will be next.
34:02
Speaker 2: Have a great day. Run sin tomorrow.
34:11
Speaker 1: For more from Early Edition with Ryan Bridge. Listen live
34:14
Speaker 1: to News Talks It'd be from five am weekdays, or
34:17
Speaker 1: follow the podcast on iHeartRadio