Latest / Early Edition with Ryan Bridge / Full Show Podcast: 27 November 2024

Transcript

Full Show Podcast: 27 November 2024 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews and the inside. Ryan Bridge new
0:08
Speaker 1: for twenty twenty four on the early edition with Smith City,
0:12
Speaker 1: New Zealand's furniture beds and a play at store.
0:14
Speaker 2: The news dogs'd me.
0:16
Speaker 3: Good morning to six half of five. Great to have
0:18
Speaker 3: your company. The OCR announcement today. Why does the Reserve
0:22
Speaker 3: Bank sank take such a long holiday over summer? And
0:25
Speaker 3: we'll look at that. Just before six this morning.
0:27
Speaker 4: Nurses are upset. We're getting more nurses. What is up
0:31
Speaker 4: with that?
0:32
Speaker 3: Michael Barnett on the sad passing of Nicky Kay, our
0:35
Speaker 3: UK correspondent this morning. Labor apparently pinching jobs policies from
0:40
Speaker 3: the Tories.
0:43
Speaker 1: The agenda.
0:44
Speaker 3: It is Wenesday, the twenty seventh of November. Israel's whacked
0:47
Speaker 3: Bay route overnight seven dead hitting his villa defense facilities.
0:51
Speaker 3: We're told it seems to be preempting a ceasefire deal,
0:55
Speaker 3: basically getting hits in while they can. Israel's cabinet meeting
0:58
Speaker 3: now to discuss the deal.
1:00
Speaker 5: There will be no problems for Natanio to get the
1:03
Speaker 5: majority that he needs from the cabinet. There are some ministers,
1:09
Speaker 5: especially the lunatic ones, who will be against any cease
1:13
Speaker 5: fire anywhere in the world.
1:14
Speaker 6: But they're not threatening.
1:17
Speaker 3: So the meeting started about an hour ago, set to
1:19
Speaker 3: last a couple of hours.
1:20
Speaker 4: It's a sixty day deal they're looking for. There.
1:23
Speaker 3: The alcohol methanol backpacker scandal, well, apparently police have detained
1:28
Speaker 3: eight staff from that backpackers in Laos. Six people died,
1:33
Speaker 3: five of them were staying at the hostel. Five survived.
1:37
Speaker 3: This is a survivor as people who've been found alive
1:40
Speaker 3: more than twenty four hours after a tourist yacht sank
1:42
Speaker 3: in the Red Sea off the coast of Egypt.
1:45
Speaker 6: Mainly these boats are built from wood. They look very nice.
1:48
Speaker 6: They've highly finished. When they find themselves out in the
1:51
Speaker 6: Red Sea, proper away from the coast, punching north, I
1:55
Speaker 6: think bad things can happen and then they can literally
1:57
Speaker 6: fall apart. Of course, in some cases.
2:00
Speaker 3: Bodies of four people have been found, seven remained missing.
2:03
Speaker 3: To the United States, Donald Trump says he'll put a
2:05
Speaker 3: twenty five percent tariff on all imports coming from Mexico
2:09
Speaker 3: twenty five percent for Canada. This on his first day
2:12
Speaker 3: in office. He's also going to whack China with ten
2:16
Speaker 3: percent until illegal drugs stopped being sent into the United States.
2:20
Speaker 3: China's embassy's response, No one wins.
2:23
Speaker 4: In a trade or tariff war.
2:26
Speaker 1: On your radio and online on iHeartRadio Early edition with
2:31
Speaker 1: Ryan Bridge and Smith City, New Zealand's Furniture Beds and
2:34
Speaker 1: a playing store News Talk z B.
2:37
Speaker 3: Yeah, a couple of interesting things this morning. Russia, and
2:39
Speaker 3: we'll talk about this with our UK correspondent. As I mentioned,
2:42
Speaker 3: but rule number one of spying is don't get caught.
2:45
Speaker 3: And apparently Russia's expelled a British diplomat accusing him of espionage.
2:50
Speaker 3: How they figured that out, I'm not quite sure, but
2:52
Speaker 3: we'll find out from our correspondent. The FSB put his
2:55
Speaker 3: photo across state television over in Russia. He was a
3:00
Speaker 3: cues of providing false information on his documents and carrying
3:03
Speaker 3: out espionage and sabotage activities. And then I thought, how
3:07
Speaker 3: can you get to Russia? How hard is it to
3:09
Speaker 3: get to Russia if you did want to get to Russia.
3:10
Speaker 3: Obviously you're advised not to travel to Russia, but you
3:12
Speaker 3: can get to Russia on a China Eastern flight. You
3:16
Speaker 3: can go Auckland via Sydney via Shanghai, bi Beijing and
3:19
Speaker 3: then eventually to Moscow thirteen hundred bucks return. The big
3:23
Speaker 3: question I suppose is do you return? You know, so
3:26
Speaker 3: they do lock people up, don't they use them as
3:28
Speaker 3: bargaining chips in their next round of so called diplomacy.
3:33
Speaker 3: A really interesting article in The Guardian, which i'll get
3:35
Speaker 3: to you later on. Robin Malcolm has been interviewed the
3:38
Speaker 3: New Zealand actress about her apparently very good.
3:41
Speaker 4: Haven't seen it?
3:42
Speaker 3: A new show called After the Party, and they talk
3:46
Speaker 3: about how if you are watching a movie these days
3:50
Speaker 3: and you're watching somebody who's playing let's say a character
3:53
Speaker 3: that's sixty five, seventy eighty years old, they're normally fifty.
3:58
Speaker 3: We don't like looking at old people anymore because we
4:02
Speaker 3: find them hideous. So we'll talk about that a little
4:04
Speaker 3: later on as well. And this Goldie, what an incredible
4:07
Speaker 3: price I heard ever mentioned it in the news. The
4:10
Speaker 3: most valuable now Maldi portrait in New Zealand history, getting
4:15
Speaker 3: three point seven five million dollars at auction last night.
4:20
Speaker 3: Thoughts of tor Hunger are portraits of Fuddy Cody Tahuna.
4:24
Speaker 3: This was the highest price it was by Goldie in
4:28
Speaker 3: nineteen thirty eight sold for more than three point seven
4:30
Speaker 3: million dollars. At twenty sixteen, they sold a Goldie for
4:33
Speaker 3: one point one seven five and they have since sold
4:37
Speaker 3: fifteen Goldies for more than a Indian. But this just
4:39
Speaker 3: blows it out of the water. So I don't know
4:41
Speaker 3: who bought it, someone rich. I presume it is ten past.
4:45
Speaker 1: Five, Ryan Bridge.
4:49
Speaker 3: Also this morning we're going to look at the debt
4:51
Speaker 3: to income limits because his interest rates come down. If
4:54
Speaker 3: you know someone who wants to get into their first home.
4:57
Speaker 3: Some interesting numbers and some interesting information from core Logic
5:02
Speaker 3: Calvin Davidson, which I'll get to after this.
5:04
Speaker 4: You're on Newstalk ZB.
5:06
Speaker 7: As the last longer Abu fagot you liveledg.
5:15
Speaker 1: Ryan Bridge you for twenty twenty four on early edition
5:19
Speaker 1: with Smith City, New Zealand's furniture Beds and a playing store.
5:22
Speaker 2: News Talk dB.
5:23
Speaker 3: It's thirteen after five. Great to have your company this morning.
5:26
Speaker 3: Flicking your text. Nine to nine two is the number.
5:29
Speaker 3: So the debt to income limits this is and it
5:32
Speaker 3: hasn't mattered much until now. These debt to income limits,
5:34
Speaker 3: even though they came in in July, because interest rates
5:37
Speaker 3: are so high, who can afford to buy a house anyway.
5:40
Speaker 3: But the idea is that you tie house prices closer
5:44
Speaker 3: to incomes.
5:46
Speaker 4: You stop.
5:47
Speaker 3: And the idea is that you will stop big future
5:50
Speaker 3: price booms, et cetera, and protect borrowers from the financial
5:54
Speaker 3: ruin if and when the rates shoot up again and
5:57
Speaker 3: you can't afford to service your mortgage, you know, the
6:00
Speaker 3: tide goes out and people are caught with their no
6:03
Speaker 3: togs on. So these came in in July, and as
6:06
Speaker 3: interest rates start to come down, and we're going to
6:08
Speaker 3: see another drop in the OCI today, we'll talk about
6:11
Speaker 3: that with the Benz economists just before six. But Calvin Davidson,
6:16
Speaker 3: the chief economist at Core Logic, he's put a piece
6:18
Speaker 3: out and he says, basically, yes, they are a significant move,
6:22
Speaker 3: but they will not make or break most first home
6:26
Speaker 3: buyers for a couple of reasons. He says there'll be
6:29
Speaker 3: significant allowances for banks to lend outside of the caps.
6:35
Speaker 3: He said new builds are exempt, so if you want
6:37
Speaker 3: to buy a new built home, you don't have to
6:38
Speaker 3: worry about the DTI limits most buyers, he says, we'll
6:41
Speaker 3: still find a way and what's more, twenty percent of
6:46
Speaker 3: DTIs can be done at a greater than sex, which
6:50
Speaker 3: is the limit that they've put in, so you know
6:53
Speaker 3: you can still get around it. It's not going to
6:55
Speaker 3: be It's not the be all lend All in terms
6:57
Speaker 3: of not being able to afford a house, particularly if
7:00
Speaker 3: it's your first one. Just go on quarter past five
7:02
Speaker 3: here on News Talk SEB. We are hoping to talk
7:05
Speaker 3: this morning to David Willis. He is the National director
7:08
Speaker 3: of the Nurse's Society. So the government's put in a
7:10
Speaker 3: bunch of money, ten million dollars for senior specialist nurses
7:15
Speaker 3: as well as some money for senior doctors, and the
7:18
Speaker 3: union's aren't happy.
7:19
Speaker 4: Why are the unions never happy? Why are they so miserable?
7:23
Speaker 3: I mean, if someone said to me, hey, there's ten
7:25
Speaker 3: million dollars for some news staff and you can't have
7:28
Speaker 3: it both ways, they say, well, we're not paid enough
7:30
Speaker 3: to begin with, so there's not infinite money. There are
7:35
Speaker 3: finite resources. So you either are so sick and tired
7:39
Speaker 3: of doing double shifts and triple shifts or whatever that
7:43
Speaker 3: you are happy to take extra staff to get extra
7:46
Speaker 3: nurses on board, or you.
7:48
Speaker 4: Want more pay. Which is it? Because you can't have everything,
7:51
Speaker 4: can you? Anyway? We'll talk about that with them, hopefully
7:54
Speaker 4: later on in the program.
7:55
Speaker 3: Anyone else said about Nikki Kay I had a little
7:58
Speaker 3: cry yesterday. What an amazing, wonderful person. I've actually got
8:04
Speaker 3: a bit of audio to play for you. This is
8:06
Speaker 3: from twenty nineteen when Nicky Kay was asking questions of
8:11
Speaker 3: the then Education Minister Chris Hipkins, and it just shows,
8:16
Speaker 3: I mean, they had this back and forth, it was
8:18
Speaker 3: quite combative. And then this was Nicky Kay's last question.
8:21
Speaker 8: Let's to speak a supplementary question. Does he stand by
8:24
Speaker 8: his excellent decisions to back my second Language bill and
8:28
Speaker 8: Nichola Willis's campaign to stick with VIC And can I
8:31
Speaker 8: take this the opportunity to wish the member a very
8:34
Speaker 8: merry Christmas and relaxing break with his baby girl.
8:39
Speaker 4: Oh you, thank you to the member. She was lovely.
8:42
Speaker 3: She was actually my neighbor for a week while an
8:45
Speaker 3: absolutely delightful person and as everybody said yesterday, very very
8:49
Speaker 3: hard working, very determined and we'd go to great lengths
8:54
Speaker 3: to help other people. And my goodness, only forty four
8:58
Speaker 3: years old. We're going to talk to Michael Bunnett about
9:02
Speaker 3: the legacy of Niki Ka next the.
9:04
Speaker 1: News You need this morning and the in depth analysis
9:07
Speaker 1: early edition with Ryan Bridge and Smith City, New Zealand's
9:11
Speaker 1: furniture beds and a playing store.
9:13
Speaker 3: News Talks the'd be nineteen after five on News talks'd
9:16
Speaker 3: be we'll talk soon about the Sydney University that is
9:19
Speaker 3: going to allow the use of AI. They're basically changing
9:23
Speaker 3: reversing their AI cheating policy.
9:25
Speaker 4: We'll talk about that shortly.
9:27
Speaker 3: Also overnight, Russia is apparently preparing to retaliate this after
9:31
Speaker 3: the US attackers were twice used in the last three days. Also,
9:36
Speaker 3: the Brits have allowed the use of their longer range
9:40
Speaker 3: missiles as well. So apparently Russia the crewmin preparing to
9:44
Speaker 3: retaliate in some way that we're not quite sure how
9:48
Speaker 3: or in what fashion yet. Also overnight, Europe's starting to
9:51
Speaker 3: step up. Germany is going to deliver two more irist
9:55
Speaker 3: air defense systems to Ukraine before the end of the year.
9:58
Speaker 3: Norway has agreed to to increase its fiscal support up
10:03
Speaker 3: from thirty billion crowns to twenty seven as from twenty
10:07
Speaker 3: seven billion crowns this year. That's two point seven billion
10:09
Speaker 3: US dollars. So Europe, obviously, with the fear that Trump's
10:13
Speaker 3: going to come in and create a bit of a vacuum.
10:15
Speaker 3: They're starting to up the ante a bit there. Twenty
10:17
Speaker 3: after five Brian Bridge tributes have continued to flow in
10:21
Speaker 3: following the passing of Nicky k. The former Minister and
10:24
Speaker 3: all consentual MP, died over the weekend at just forty
10:28
Speaker 3: four years old after a long battle with cancer. She's
10:31
Speaker 3: been remembered as an advocate for the rainbow community and
10:34
Speaker 3: a well respected MP across all of Parliament. Michael Barnett
10:38
Speaker 3: is the former chief executive of the Auckland Business Chamber
10:40
Speaker 3: and is with me this morning. Michael, good morning, Brian,
10:43
Speaker 3: good morning. It's great to have you on the show.
10:46
Speaker 3: This is obviously some very very sad news.
10:50
Speaker 8: It is.
10:51
Speaker 9: It's such a shame that people like Nicky need to
10:55
Speaker 9: go for us to remember the impact that they made
10:58
Speaker 9: and the things that they did. But she's certainly somebody
11:01
Speaker 9: that I worked with and somebody that I remember and
11:04
Speaker 9: remember what she did.
11:06
Speaker 3: What did you work with her on and what was
11:09
Speaker 3: sort of some of the passions that came through when.
11:11
Speaker 4: You worked for them.
11:13
Speaker 9: I think the use of the word passion is a
11:16
Speaker 9: good one. I mean, she was passionate, she was a
11:18
Speaker 9: lesson and objectivity. She was an advocate. But for me,
11:22
Speaker 9: you know, it's easy to talk fairness and equity in
11:27
Speaker 9: a community, but it's harder to give the LGBTQ community
11:32
Speaker 9: a voice. But she did that. It was easy for
11:34
Speaker 9: me to talk, you know, the benefits of cruise ships
11:38
Speaker 9: coming to our city. It was harder for somebody to
11:42
Speaker 9: talk about the damage to the environment from new ways.
11:45
Speaker 9: So it was easy for me to talk about congestion
11:49
Speaker 9: and congestion charging and Orkland. It was harder to have
11:53
Speaker 9: a conversation about the benefits of psycle waste, but she did.
11:57
Speaker 9: She was able to give a voice to those who
12:01
Speaker 9: didn't have one, and that was the sem community in
12:05
Speaker 9: central Auckland. So those are the things that I will
12:09
Speaker 9: remember her for.
12:10
Speaker 3: She was a bit of a fish out of water
12:12
Speaker 3: in that sense in the national caucus at the time,
12:15
Speaker 3: and I guess part of the part of her appeal
12:18
Speaker 3: to Auckland Central that she was able to take that seat,
12:23
Speaker 3: if you have to.
12:24
Speaker 9: Back into two thousand and ah, a labor stronghold for
12:29
Speaker 9: so many years, and she took it, and she took
12:31
Speaker 9: it as a young liberal, She took it as a
12:35
Speaker 9: fresh new face passionate, tons of energy, and she came
12:39
Speaker 9: in and she was quite happy to have a different
12:42
Speaker 9: opinion around transport, or around where a port should be,
12:48
Speaker 9: or as I said before the LGBTQ community, same sex marriage.
12:54
Speaker 9: You know, these these were tough things that you needed
12:57
Speaker 9: to have a conversation about, and she was happy to
13:00
Speaker 9: have that conversation.
13:02
Speaker 3: Were you surprised at her passing. I mean, I just
13:06
Speaker 3: I didn't. I didn't realize personally how unwell she was.
13:12
Speaker 9: I was aware, and I have to say I've done
13:17
Speaker 9: a similar pathway, you know, with that cancer, and I
13:22
Speaker 9: had throat cancer, and you know, for so many years
13:25
Speaker 9: it takes its told and you know, for those that
13:28
Speaker 9: have been down there, you understand the pain and the
13:30
Speaker 9: despair and the sense of futility. For her, it's been
13:34
Speaker 9: something that she's carried for so many years done She's
13:38
Speaker 9: done it with huge amounts of support, huge amounts of hope,
13:42
Speaker 9: and a huge amount of belief from herself. So I think,
13:45
Speaker 9: you know, she's someone As I say, it's a shame
13:48
Speaker 9: when people like net to go that it takes their
13:52
Speaker 9: parting for us to remember the good she did.
13:54
Speaker 3: Absolutely, Michael, thank you very much for being with us
13:57
Speaker 3: this morning. Really appreciate your time.
13:59
Speaker 5: Thanks.
14:00
Speaker 3: It's Michael Barnett, formative executive of the Auckland Business Chamber.
14:05
Speaker 3: It is twenty four after five the early.
14:08
Speaker 1: Edition Full the Show podcast on iHeartRadio powered by News
14:12
Speaker 1: Talks IV.
14:13
Speaker 3: You're on News Talk CB. It is twenty six minutes
14:15
Speaker 3: after five. I paid forty cents for a paper bag
14:19
Speaker 3: while shopping at my local supermarket the other week. Forty
14:23
Speaker 3: cents remember when they used to cost ten cents back
14:26
Speaker 3: in the day when they swapped them out for plastic
14:29
Speaker 3: bags when they banned those, which used to be free,
14:31
Speaker 3: by the way.
14:32
Speaker 4: Forty cents.
14:33
Speaker 3: And guess what they had printed on the side of
14:36
Speaker 3: this paper bag that you buy to put your groceries in.
14:39
Speaker 3: They had printed little Christmas trees for goodness sake. So
14:43
Speaker 3: you chop down trees, you make paper bags, and then
14:46
Speaker 3: you print more trees on them, and we're supposed to
14:48
Speaker 3: be saving the planet. This is stupid. It's dumb, and
14:52
Speaker 3: it's forty cents. It's a lot of money. It's a
14:55
Speaker 3: lot more than free, which is what we used to
14:57
Speaker 3: get the plastic bags for. And they're not reusable. You
15:00
Speaker 3: put a two liter of milk in there. It's wet,
15:03
Speaker 3: it's sulky, and it just falls straight through. It's not
15:06
Speaker 3: a reusable thing. And here's the problem I think with
15:10
Speaker 3: environment and no one and people are probably over the
15:13
Speaker 3: paper bag thing and used to it by now and
15:15
Speaker 3: take your own bags as the other thing. But I forgot,
15:17
Speaker 3: So what are you going to do? But here's the
15:20
Speaker 3: thing with environmental costly environmental policies. This is stuff like
15:26
Speaker 3: you know, your emissions trading scheme charge on the petrol
15:30
Speaker 3: that you put in your tank, or on farmers, or
15:33
Speaker 3: the ute tax or the cycle wave bells that we
15:36
Speaker 3: are paying for. The issue with all of this is
15:38
Speaker 3: getting us on board with paying to fix the planet
15:44
Speaker 3: when we're such a small part of it. You know,
15:47
Speaker 3: are we rarely saving all the dolphins and whales and
15:51
Speaker 3: turtles in the ocean by paying forty cents for a
15:54
Speaker 3: paper bag a countdown?
15:56
Speaker 10: No?
15:57
Speaker 3: Because the ocean's still filled with plastic. So what's the
16:01
Speaker 3: point is? You know, shi Jingping's still opening coal fired
16:05
Speaker 3: power plants, yes. Is Donald Trump about to start drilling
16:09
Speaker 3: helpful leather for more oil?
16:11
Speaker 4: Yes? So you know, what are we doing? What difference
16:16
Speaker 4: are we making? Why should we bother.
16:18
Speaker 3: They just had the climate change conference in Azerbaijan and
16:22
Speaker 3: the Petro State for goodness sakes, and everyone flew there
16:25
Speaker 3: on an aeroplane and I'm paying forty cents for.
16:29
Speaker 4: A paper bag. Get you out of here. Twenty eight
16:32
Speaker 4: after five, Brian, just before we get to.
16:36
Speaker 3: The news at the half hour, this is a report
16:39
Speaker 3: from the directors. It's Director Sentiments Survey for twenty twenty four. Basically,
16:44
Speaker 3: all of the directors who in charge of companies around
16:47
Speaker 3: New Zealand. They're worried about the brain drain. Who is
16:50
Speaker 3: going to run the country? Literally, who was going to
16:52
Speaker 3: run these companies? There's no succession planning. We've got people
16:57
Speaker 3: leaving the country. The average age of a director at
17:00
Speaker 3: the moment on listed companies is sixty one years old.
17:03
Speaker 3: This year, they say, we saw a number of high
17:06
Speaker 3: profile chare and chief executive retirements for good or for bad,
17:10
Speaker 3: that have placed pressure on organizations. They say, one of
17:14
Speaker 3: the biggest challenges we've got now is succession planning. Who's
17:18
Speaker 3: going to run the place when everyone's leaving. Twenty nine
17:21
Speaker 3: after five News Talk zib.
17:28
Speaker 9: J Presisson.
17:42
Speaker 1: The first word on the News of the Day early
17:45
Speaker 1: edition with Ryan Bridge and Smith City, New Zealand's furniture
17:49
Speaker 1: beds and a playing store.
17:51
Speaker 2: News Talk zibby, good Morning New Zealand.
18:01
Speaker 3: It is twenty four away from six news talksi'd b
18:03
Speaker 3: k Oliver are UK europe correspondents with US momentarily the
18:09
Speaker 3: Tories accusing labor.
18:10
Speaker 4: Of pinching their jobs plan. Also Russia expelling a British diplomat.
18:14
Speaker 4: We'll look at that.
18:15
Speaker 3: The ocr decision out today after the world's.
18:18
Speaker 4: Longest summer break.
18:21
Speaker 3: Literally, I think of any central bank in the world,
18:23
Speaker 3: New Zealand has the longest summer hiatus. They're not back
18:26
Speaker 3: until February, and of course before February, Trump is going
18:30
Speaker 3: to be in the White House. It is January twentieth.
18:34
Speaker 3: I think he's going to be in there. So we'll
18:36
Speaker 3: have a lot going on in that time. Shouldn't they
18:39
Speaker 3: be at work? We'll ask the ben Z Economist Chief
18:42
Speaker 3: economist Mike Jones just before six o'clock. Lots of feedback
18:45
Speaker 3: on paper bags, which you have to buy at the
18:48
Speaker 3: supermarket now instead of getting your free plastic ones. And
18:52
Speaker 3: I don't know, I'm not saying let's go and print
18:54
Speaker 3: plastic bags. Crank the plastic bags back up. But I
18:59
Speaker 3: just hate paying for paper ones. Ryan, bring your own bags,
19:03
Speaker 3: for goodness sakes. Jeez, you are unbelievable, says one of
19:06
Speaker 3: our listeners, Ryan. The paper bag costs the supermarket between
19:10
Speaker 3: ten and fifteen cents each.
19:12
Speaker 4: It is blatant profiteering. Ryan. I leave my bags in
19:15
Speaker 4: the car.
19:16
Speaker 3: I load them, then unpack them and put them back
19:18
Speaker 3: in the car afterwards. The system seems to work well,
19:21
Speaker 3: says Ken Ken. That's good for you. I don't do that.
19:25
Speaker 3: I'm not an organized person.
19:27
Speaker 10: Ryan.
19:28
Speaker 3: Listening to the country on ZB on Saturday, I was
19:33
Speaker 3: shocked to hear New Zealand will be twenty percent covered
19:35
Speaker 3: with pines by twenty thirty, both planted and wilding pines.
19:38
Speaker 3: Apart from the loss of land, that will do. What
19:40
Speaker 3: will this do for the allergy.
19:42
Speaker 4: And asthmas sufferers, asks Judy. Well, I suppose that's a
19:47
Speaker 4: good point, Judy.
19:48
Speaker 3: It is twenty two minutes away from six. I promised
19:50
Speaker 3: you that I would tell you about Robin Malcolm and
19:54
Speaker 3: the Curse of the Aging Actor, and I will do that.
19:58
Speaker 3: Plus our city Universe City reversing its AI cheating policy,
20:03
Speaker 3: will have more on that shortly two twenty two to six.
20:07
Speaker 1: Bryan Bridge our.
20:08
Speaker 4: Reporters around the country.
20:09
Speaker 3: Blake Benny With Denieda's News disagreement at the council there
20:13
Speaker 3: over furthest spending for its campaign against the hospital cuts.
20:17
Speaker 4: This was bound to happen.
20:18
Speaker 11: That's all right, So it's approved more money for its campaign,
20:21
Speaker 11: with the total expenditure costing each ratepayer two dollars sixty.
20:25
Speaker 11: Councilor Lee van Dervis was the only one to vote
20:28
Speaker 11: against the proposal and says it doesn't make sense to
20:31
Speaker 11: justify the spending by saying it's just a small amount
20:34
Speaker 11: per ratepayer. Van Derverz says it diminishes the sizeable amount
20:38
Speaker 11: of money being thrown at a campaign which has already
20:41
Speaker 11: served its purpose. Meanwhile, Councilor Carmen Hulahan believes the City
20:45
Speaker 11: Council should target Winston Peters as the Prime Minister's not
20:49
Speaker 11: supporting a budget under one point nine billion dollars.
20:52
Speaker 4: Interesting strategy. Well, apparently Seymour holds all the powers they
20:55
Speaker 4: should probably have him. How's the weather in Dunedin Blake.
21:00
Speaker 11: Moostly cloudy with occasional rain. Clear in this afternoon. A
21:02
Speaker 11: high of seventeen brilliant.
21:04
Speaker 4: Thank you clear than christ it'ch clear and you can
21:06
Speaker 4: to be.
21:06
Speaker 3: University research shows a link between where you grow up
21:10
Speaker 3: and your mental health.
21:11
Speaker 12: Yes, good morning Ryan. This study found that children who
21:14
Speaker 12: moved from a well off area to a more deprived
21:16
Speaker 12: neighborhood were more likely to suffer from depression than those
21:20
Speaker 12: who had a stable life in more affluent areas. Now,
21:23
Speaker 12: this combined some geospatial information with data from the Christitch
21:27
Speaker 12: Health and Development Study. The lead researcher, Susi Deng, says
21:30
Speaker 12: it looked at whether the impacts continued throughout participants' life,
21:33
Speaker 12: and the research indicated they didn't continue through to adulthood.
21:37
Speaker 12: She does say though, they're looking at and incorporating some
21:40
Speaker 12: environmental factors in the future to see if there's long
21:43
Speaker 12: term health effects from that. She says the research highlights
21:46
Speaker 12: the need to support children, particularly those in vulnerable situations,
21:50
Speaker 12: to prevent it impacting upon their health.
21:52
Speaker 4: That's interesting.
21:53
Speaker 3: So if you go from a rich to a poor area,
21:55
Speaker 3: you get depressed, but if you pour the whole time,
21:58
Speaker 3: you find.
22:00
Speaker 4: All right. How's the widder?
22:02
Speaker 12: Low cloud with possible drizzle clearing from about mid day
22:04
Speaker 12: could be some low cloud again this evening northeasterlies and
22:07
Speaker 12: a high of twenty brilliant.
22:09
Speaker 3: Thank you Mexas and Wellington Mexi keeping your Golden Mile.
22:12
Speaker 4: You must be stoked.
22:13
Speaker 10: Well, we shouldn't probably shouldn't be surprised when a massive
22:17
Speaker 10: pedestrianization project is voted for by a predominantly lefty council.
22:21
Speaker 10: There was a strong argument that the hugely contentious Golden
22:24
Speaker 10: Mile plan would have been an easy stroke of the
22:27
Speaker 10: pen when you've got hundreds of millions of dollars to
22:29
Speaker 10: desperately fine. But that's not what happened at yesterday's council meeting. Instead,
22:33
Speaker 10: what you got were some of the smaller community developments
22:36
Speaker 10: that won't get funding now. The beautiful glass Bigonia House
22:40
Speaker 10: at the Botanic Gardens, Corrori Events Center, Frankketts Park, the
22:44
Speaker 10: biggest central city things like Golden Miles, central Library, social
22:47
Speaker 10: housing work on central streets. They're all remaining in the
22:52
Speaker 10: long term plan. A lot of litigation, relitigation, re relitigation
22:56
Speaker 10: at yesterday's meeting. I'm sure Crown Observer Lindsay McKenzie struggle
23:00
Speaker 10: to stay awake. Too many mayors around the table, A
23:03
Speaker 10: one councilor remarks, what's probably more fair to say is
23:06
Speaker 10: many counselors who reckon they could do a better job
23:08
Speaker 10: than the current one, who seems to be considering backtracking
23:12
Speaker 10: on her plans to run again amid a drop in support, that.
23:15
Speaker 4: Poor observer, probably busious COVID would come back.
23:18
Speaker 10: How's the exactly how the mostly fine twenty one Central Thank.
23:23
Speaker 4: You, Neva's and Auckland, Hey, Neva.
23:25
Speaker 13: Greetings, Yes, yes, no you go. I can't believe I'm
23:28
Speaker 13: just listened to you talking about your recycling bags.
23:31
Speaker 4: Bad, isn't it?
23:31
Speaker 8: So there is?
23:33
Speaker 13: And so you do you buy the paper bags.
23:36
Speaker 4: Every time, every time.
23:37
Speaker 13: I've got to a true story, I have never ever
23:40
Speaker 13: bought one. I didn't even know how much they cost
23:42
Speaker 13: into forty forty cents because I always have the recycling bags.
23:46
Speaker 13: I'm probably the other end. You're good well in the
23:49
Speaker 13: boot of my car. I just I've just continued to
23:53
Speaker 13: just like I'm a hoarder. I've got so many begs,
23:55
Speaker 13: I've got them from Woolworths, I've got New World. And
23:58
Speaker 13: then when my friends come and I said, oh give
23:59
Speaker 13: me that, give me that recycling bag. Barfoot and Thomson
24:02
Speaker 13: all these other shops. I'll give you some of those
24:05
Speaker 13: and I use them.
24:06
Speaker 4: But what is that doing to the environment? Is that
24:08
Speaker 4: worse than having plastic?
24:10
Speaker 2: But I don't care.
24:11
Speaker 4: Yeah, you're just a horder.
24:15
Speaker 13: And I need my The other thing too, is that
24:17
Speaker 13: when I go in the end the supermarket, I need
24:19
Speaker 13: some strong bags. I've got wine, I've got all sorts
24:22
Speaker 13: of these important things, that's the thing. And you can't
24:24
Speaker 13: put them in a paper bag barely.
24:26
Speaker 4: Put a two liter of milk and one of those
24:28
Speaker 4: paper bags. Just what you do shopping? Carry it?
24:33
Speaker 3: You carry it like a baby underneath you. Actually, that's
24:37
Speaker 3: that's how you have to leave the supermarket. You look ridiculous. No,
24:40
Speaker 3: it's not a baby, it's no.
24:41
Speaker 13: It'll we way worse. What about coming into the Christmas
24:44
Speaker 13: season and we obviously buy more because you've got to
24:47
Speaker 13: have a plate of food. You've got friends coming around?
24:49
Speaker 13: Or do you not have friends coming around?
24:50
Speaker 4: I don't friends around? Very quick? Literally, how much did
24:53
Speaker 4: this goldie cost?
24:55
Speaker 13: Three point seven million dollars sold at auction? This is
24:58
Speaker 13: the Goldie. Now, this is huge because you know the
25:02
Speaker 13: bid started at two million. It is the biggest, huge moment.
25:06
Speaker 13: I mean It's made New Zealand art history. I think
25:08
Speaker 13: the last previous record was a colin mccaarn and that
25:12
Speaker 13: was two point four million. So this three point seven mil.
25:15
Speaker 9: That's a huge jump.
25:16
Speaker 3: That's you can get one goldie or one paperback. How's
25:21
Speaker 3: the weather.
25:22
Speaker 13: Fine to eighty two?
25:25
Speaker 4: Good day to go the.
25:26
Speaker 3: Supermarket in the sixteen away from sex and news talk
25:29
Speaker 3: sat big All right, morning commute, coffee in hand and
25:32
Speaker 3: you're already thinking about that to do list, right, Maybe
25:35
Speaker 3: it's finally time to upgrade the couch or get.
25:38
Speaker 4: Those appliances sorted. Well.
25:39
Speaker 3: Smith's City has you covered. They've been nailing it for
25:43
Speaker 3: more than one hundred years. There's still one hundred percent
25:45
Speaker 3: key we owned, and they've got everything for your home
25:47
Speaker 3: that you could possibly dream of, whether it's trending furniture,
25:51
Speaker 3: the traditional comforts of lazy boy beds from New Zealand's
25:54
Speaker 3: trusted Sleepy Head brand, or top brand appliances like Samsung, Alga,
25:58
Speaker 3: Fisher and pikel And here's the kicker. Their deals are
26:03
Speaker 3: insane amazing discounts across the board and if you find
26:06
Speaker 3: a better deal someplace else, they'll match at Why waste
26:08
Speaker 3: time when Smith City is right there.
26:10
Speaker 4: It gets better earn airpoints.
26:12
Speaker 3: Dollars while you shop there, dick out your home and
26:15
Speaker 3: stack up Phoenix Holiday to Win Win Smith City eighteen
26:17
Speaker 3: stores nationwide, including the new Wido park Out Little Shop Online,
26:20
Speaker 3: Smith City dot co dot.
26:22
Speaker 1: NZ International correspondence with Insi Eye Insurance, Peace of Mind
26:27
Speaker 1: for New Zealand Business.
26:29
Speaker 3: Talk ocr and a second right now, Kay Oliver Our
26:31
Speaker 3: UK Europe Correspondent. The Tories are accusing labor there of pinching,
26:35
Speaker 3: stealing their ideas k.
26:40
Speaker 14: A new move to get Britain working. The work in
26:43
Speaker 14: Pension Secretary Liz Kendall has told MPs and the Commons
26:47
Speaker 14: today that they intend to create a new jobs and
26:50
Speaker 14: career service connecting to work scheme, but her counterpart, Helen
26:55
Speaker 14: Weightley for the Tories said that basically they've just turned
26:59
Speaker 14: what was their work well program into their own branding.
27:03
Speaker 14: So she's saying she's very pleased that they are making
27:06
Speaker 14: these moves forward, but they've had fourteen years to come
27:10
Speaker 14: up with their own plans and she think it's quite
27:13
Speaker 14: rich of them obviously to steal what they see as
27:15
Speaker 14: their own unique ideas. Now this all comes ryan as
27:19
Speaker 14: we were saying that a big focus here on youth
27:22
Speaker 14: unemployment and eighteen to twenty five year olds have been
27:26
Speaker 14: told they have to earn or learn or lose their benefits.
27:31
Speaker 14: Now figures show the unemployment at the moment for young
27:34
Speaker 14: people here stand at fourteen point eight percent, which is
27:37
Speaker 14: up from twelve percent just last year. That Liz Kendall,
27:42
Speaker 14: obviously highlighting the changes that they're going to make, said
27:46
Speaker 14: that she will be piling more money into what she
27:49
Speaker 14: sees as a scheme that will basically encourage and help
27:54
Speaker 14: people to find jobs. She feels that what's currently around
27:58
Speaker 14: dates back to the nineteen teen, eighties or nineties, and
28:02
Speaker 14: this is going to get people basically back into where
28:06
Speaker 14: they should be. And there's also going to be more
28:08
Speaker 14: money for youth mental health schemes. So it's a big
28:13
Speaker 14: package that basically they're designing to try to get people
28:16
Speaker 14: off benefits, get them back to work, and make it
28:19
Speaker 14: easy to find jobs.
28:21
Speaker 3: Well, I suppose at least they have the decency to
28:23
Speaker 3: change the name of the program before they stole it. Well, absolutely,
28:28
Speaker 3: very quickly, Russia has expelled a British diplomat, accusing him
28:31
Speaker 3: of espionage.
28:32
Speaker 4: Do we know exactly what he's done.
28:35
Speaker 14: Well, No, this is the state news agency has reported.
28:39
Speaker 14: This is the country's FSB security service. They are saying
28:43
Speaker 14: that the diplomat whose photo has actually been shown on
28:46
Speaker 14: TV bulletins, that he's provided false information on his documents
28:52
Speaker 14: and carrying out espionage. Now, of course, the Foreign Office
28:56
Speaker 14: here are saying this is not the first time the
29:00
Speaker 14: Russia has made malicious and baseless accusations against our staff.
29:05
Speaker 14: They intend to respond in due case in due course.
29:09
Speaker 14: But interestingly, last week it emerged that the UK obviously
29:13
Speaker 14: lifted those restrictions on Ukraine using the British supplied storm
29:18
Speaker 14: Shadow missiles on targets inside Russia for the first time.
29:23
Speaker 14: So it's quite interesting that this has happened at this
29:26
Speaker 14: particular time.
29:27
Speaker 3: Certainly, yes, Kay, thank you very much for that update.
29:29
Speaker 3: That's Kay Oliver, our UK and Europe correspondent, just gone
29:32
Speaker 3: ten away from six News Talk CB Ryan Bridge spiks
29:35
Speaker 3: story today of course will be the ocr and we
29:37
Speaker 3: know that it's going to move down. We just don't
29:40
Speaker 3: know by how much will it be twenty five fifty
29:43
Speaker 3: seventy five basis points it'll currently if it went sorry,
29:47
Speaker 3: fifty basis points, which is what most banks are predicting
29:50
Speaker 3: it will do. It would take us to four point
29:52
Speaker 3: two five percent. Neutral is three percent, and they reckon
29:57
Speaker 3: we'll get to three and a half at some point
30:00
Speaker 3: twenty twenty five. And the banks differ on exactly how much.
30:03
Speaker 3: My question is, you've got what I think is the
30:06
Speaker 3: world's longest summer break, the longest hiatus for a central
30:10
Speaker 3: bank in the world. They're not back meeting until February,
30:14
Speaker 3: and in that time you have Trump coming to power.
30:16
Speaker 3: You've got them promising on day one twenty five percent
30:19
Speaker 3: tariffs on Canada, twenty five percent tariffs on Mexico, and
30:23
Speaker 3: the old Pesto's taking a hammering overnight, as has the
30:26
Speaker 3: Canadian dollar. And then you've got ten percent going on China.
30:30
Speaker 3: This will affect the world and our central bank at
30:34
Speaker 3: the beach until February.
30:37
Speaker 4: What's up with that?
30:38
Speaker 3: Anyway, You'll expect a decision later on today, and most
30:42
Speaker 3: banks are picking it will be fifty basis points, just
30:45
Speaker 3: gone nine minutes away from six here on news Talk,
30:49
Speaker 3: said b very quickly. I promised you the Sydney University
30:53
Speaker 3: students there are allowed to use AI. This is a
30:56
Speaker 3: radical reversal of their cheating policy. They say, cat ulators
31:00
Speaker 3: never killed mathematics skills. It's better that we embrace this
31:04
Speaker 3: technology and empower students rather than banning it all together.
31:08
Speaker 3: So initially they said no AI in your assessments. Now
31:12
Speaker 3: they're saying you can use AI. So there you go
31:14
Speaker 3: go Figure eight to six.
31:16
Speaker 4: Get ahead of the headlines.
31:18
Speaker 1: Ryan Bridge, you for twenty twenty four on early edition
31:22
Speaker 1: with Smith City, New Zealand, furniture beds and a playing store.
31:26
Speaker 4: News Talk zed B.
31:27
Speaker 3: Six to six on news Talk said, B So the
31:29
Speaker 3: OCR announcement coming today, most banks picking fifty basis points.
31:33
Speaker 3: But there's a lot of water to go under the
31:34
Speaker 3: bridge before the next meeting in February next year. You've
31:37
Speaker 3: got Trump coming in, You've got tariffs.
31:39
Speaker 4: On day one.
31:40
Speaker 3: Mike Jones is the Benz chief economist. Why not seventy
31:44
Speaker 3: five basis points?
31:46
Speaker 15: Mike, Yeah, morning, Ryan. Look I can see some of
31:49
Speaker 15: the logic for seventy five basis points. I mean, we
31:53
Speaker 15: know that the OCA is headed lower after this, we
31:55
Speaker 15: know it's going to four central maybe below that, So
31:58
Speaker 15: why not just get on with it? The economy needs it,
32:01
Speaker 15: after all. But look, I think you know the big Bazooka.
32:05
Speaker 15: The seventy five point or larger moves tend to be
32:08
Speaker 15: reserved for more crisis type situations, and clearly we're not
32:12
Speaker 15: in one of those at the moment that there are
32:15
Speaker 15: some signs that the economy is responding to some of
32:18
Speaker 15: the rate cap so we've seen today. So no need
32:21
Speaker 15: just to sort of scare the horses just yet.
32:23
Speaker 4: When do you think we'll get back to neutral? It's
32:28
Speaker 4: looking at.
32:28
Speaker 15: The moment, and things can obviously change. Like a story
32:31
Speaker 15: for mid to late next year, that's what's baked into
32:35
Speaker 15: our numbers. Are moved back to that three three and
32:39
Speaker 15: a half percent zone for the official cash raiders around
32:44
Speaker 15: that neutral area because there's a lot of uncertainty about
32:47
Speaker 15: just where neutral is. So I think it's going to
32:49
Speaker 15: be a case of moving in that smaller moves next
32:53
Speaker 15: year and seeing how the economy responds.
32:56
Speaker 3: All right, Mike, thank you very much for that analysis.
32:58
Speaker 3: Mike Jones and Ben Z chief economists with us this morning,
33:01
Speaker 3: just gone four away from Sex. Ryan Bridge Mike is
33:04
Speaker 3: here next. Good morning, Mike, Good to see you. The
33:07
Speaker 3: Mike Other Mike.
33:08
Speaker 4: Greg Smith is our man on markets.
33:10
Speaker 7: He's been arguing very eloquently, I think for a sustained
33:14
Speaker 7: period of time. For seventy five.
33:16
Speaker 4: Yeah, I think, just go for it.
33:18
Speaker 7: Well yeah, I mean the counter argument that is, if
33:20
Speaker 7: you overgo for it, then of course inflation rises and
33:23
Speaker 7: all that sort of stuff.
33:24
Speaker 4: But tell you what I'm telling you.
33:25
Speaker 7: My current theme at the moment is I don't think
33:28
Speaker 7: things are going as well as people expected them to
33:30
Speaker 7: do once they started cutting. So the idea was the
33:32
Speaker 7: cuts came in and people were supposed to go, oh, sure,
33:35
Speaker 7: it's over exactly, and we haven't. Hence Greg argues seventy
33:39
Speaker 7: five because you need something to go. You know, it's
33:42
Speaker 7: a bit better than you think it is.
33:44
Speaker 4: So you've got Trump coming, and you've got terrorists coming yesterday.
33:47
Speaker 7: I mean, the Canadians beside themselves as they as they
33:49
Speaker 7: well should be. Indeed, the Mexicans, I mean, the Chinese
33:51
Speaker 7: won't be surprised. But I mean, you know, if you're
33:53
Speaker 7: in Canada, it's only there's twenty five. Most people think
33:56
Speaker 7: that's an stand from his point of view, and it's
33:58
Speaker 7: a bargaining, and we'll go back and forward and all.
34:00
Speaker 4: He won't be finished at ten percent of China either,
34:03
Speaker 4: will he? Mike is here next. Have a great day everyone.
34:05
Speaker 4: See Tomorrow The Nest.
34:12
Speaker 1: For more from Early Edition with Ryan Bridge. Listen live
34:15
Speaker 1: to news talks it'd be from five am weekdays, or
34:18
Speaker 1: follow the podcast on iHeartRadio