Full Show Podcast: 29 January 2025

Published Jan 28, 2025, 5:19 PM

On the Early Edition Full Show Podcast for Tuesday the 28th of January. People on the visitor visa will be allowed to work remotely while in New Zealand in an aim to increase time and money spent in the country. Tourism Export Council Chief Executive Lynda Keene joins the show to discuss how it will work.

A new study says less than $500,000 is needed on top of superannuation to live comfortably as a retiree - is it really enough? Superannuation expert Jonathan Eriksen speaks to Roman.

Students will be heading back to the classroom this week, but Kidscan say thousands will start the new school year without the essentials.

Get the Early Edition with Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.

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The issues, the interviews and the insight. Andrew Dickens on early edition with one roof Make your Property search Simple Used talks it be.

Well, good morning to you, Welcome to your Wednesday, Thank you so much for choosing us, and welcome to the lunar new Year. It is the first day of the Year of the Snake. And on the program today, China's AI slaughters the American tech sector. What is the fallout from deep sinks stunning software drop. We'll have that story for you in five minutes time. What happens when two shipping companies collide, Well, we hope cheaper freight. And we're going to talk to the Ports of UKONCYEO and Nick Leggett from Infrastructure New Zealand, of which asseats we could and couldn't sell, and we'll talk to him just before six. We'll have correspondence from right around the world and New Zealand. We'll have the news as it breaks. You can contribute by texting me ninety two ninety two. A small charge applies. If you have something better to say, Email me Dickens at news Talks atb dot co dot zre comboding to you a seven after five the agenda Wednesday, the twenty ninth of January, and US federal grants and loans have been paused by the White House.

It really seeks to take aim at policies and priorities of the previous administration, the Biden administration, when you look at some of the diversity, equity and inclusion programs, clean energy spending. This wants to align federal spending with Trump administration priorities.

So of course the Democrats have questioned it's legality. They say impacted spending has been improved by Congress. So there we go. Wait to see. Stocks in the US appear to have stabilized a bit after the heavy drops yesterday with the news of the Chinese AI company Deep Seek. The tech driven Masdak is up point two percent after dropping more than three percent yesterday. Google is up point one percent, while Microsoft is down point six percent. To Africa, and a rebel group is continuing to advance in the city of Goma in the Democratic Republic of Congo. The group now controls the city's airport.

Well, it isn't very clear at all in terms of who is in control. Residents there are basically cowering in their houses to escape the fighting. What they are saying is that they keep hearing gunfire throughout the night and again this morning.

And neighboring Rwanda has been accused of backing the rebel group, and US President Donald Trump says Microsoft is in talks to buy TikTok from its Chinese parent company Bike Dance. It's almost five years since Microsoft was approached by the company for a possible sale that didn't happen. Trump says he wants to see a bidding war for the app, which has been granted a seventy five day reprieve from US bands. So don't worry. Bad Dancing and in name video clips are all still online.

Get ahead of the headlines on early edition Andrew Dickens and One Room, Make your proper research, Simple News Talks.

It be nine after five. The hot political word of the day is privatization. We'll be talking about this with Nick Leggett. I did the Drive show on Monday. I asked Finance Minister Nicola Willis directly if privatization or what they call it these days, asset recycling, was being considered by her government. She said not in this term, which I thought stood at odds a bit with their just say yes, Ethos, just say yes, Nicola, but she said no. Yesterday, the Prime Minister was also pested about the plans for privatization. He also said no and added that they would campaign on the issue next election to get a mandate, to get permission, and considering the way privatization creates knee jerk reactions and always has done, that is probably a wise response get a mandate. But what is a mandate in today's political environment? In the current government, privatization will not happen because the coalition partner, New Zealand First is against it and Winston has the whip hand. But what happens when we go to the polls next time? Say National and Act campaign on the idea, but to form a government they have to form a coalition and they need a third party because they still haven't hit the fifty percent threshold. Would that be a mandate for privatization? If Labor, the Greens, the Maori Party in New Zealand First campaign against privatization and their combined vote exceeds National and Acts, can they rarely claim a mandate against the idea. These are all ifs butts of maybe's governments do what governments do. But the debates on the rights and the wrongs of privatization and asset sales will rumble on. And the thing is, no potential asset buyer overseas knows if a yes or a no is on the way, and they'll be going make your minds up. And this is another example about how MMP our political system negates decisive leadership. Or in other words, I'm sorry about this, Christopher Luxan, our system is actually rigged to support saying no.

Andrew Dickens, all right, we're going to.

Talk about AI in a few moments time, and deep seek and how it's affected the markets has quite remarkable. I personally am not a big fan of AI because of the terminator of Matrix movies that was AI. That's when the machines became sentient and they realized the greatest threat to humanity is humanity itself. Therefore, the logic was to make us safe. The best idea is just to get rid of us entirely. So I've never liked AI, but that aside, I have seen how AI can make us better, even though it can only use ideas that already exist rather than creating new ones, which could mean that in a way we kind of dumbed down while we let our machines do our thinking for us. They're always looking at the past. But the latest unintended consequence of AI is AI created child porn. Of course, the perverse. We've got to take advantage of the latest technology. They always have. Look at it, look, I mean, look at all the Internet services. But it's just another warning that AI is the newest Pandora or box. It's a development that can do so much good but also can unleash new hells. And we'll talk about it with Brad Olsen next. It's twelve after five News.

And Views You Trust to start your day is early edition with Andrew Dickens and one roof Make your Property Search Simple News Talk said.

Be mining to you. It's five pin fifteen. US tech stocks have been taking a hammering after the debut of AI's new kid on the block, and it's called deep Seek. Deep Seek is a Chinese tech firm that's created its own budget AI model look at Ai, done by Temu Maybe, and it's said to be more efficient and significantly cheaper compared to others on the market, and it had an impact on the new Zealand super fund. It calls Invidios stocks to dive seventeen percent yesterday. So I'm joined by Inframetric CEO and principal economists Brad Olson.

Hello, Brad, good warning.

Wow, who saw this coming? This is a bold move.

Oh it was huge. And I tell you what, yesterday was a very easy way to lose money on the markets without doing anything at all.

So I mean it was it was a bit of a market blood bath.

I mean, if you look at what had been happening though really over the last year, last two years, is everyone has been plowing some serious, serious money into AI and tech stops. This was the next big thing. It was the area that the more that you put into which the more you return, you were going to get out the other side because it was going to change everything. And then effectively, overnight you had deep Seek that came out and it was purported that it costs six million dollars to train compared to something like open ais Chat GPT, which was like one hundred million, and it was producing just as good it's not better results, and everyone went, well, geez, why am I investing these big sums? I better pull it out now. So within the space of the day you'd seen the likes of the video with its big chip and AI sort of focus, lost six hundred billion US. That's over a trillion New Zealand dollars, biggest single drop that we've seen ever in terms of dollar terms. But it's also interesting how quickly this has changed. Around yesterday, twenty four hours ago, the numbers were looking absolutely awful. The likes that S and P five hundred was down two percent. By today right here right now, that market's already recovered in general terms about half of that drop. So still down, but really some big market reactions. Everyone now trying to get a handle on how big is AI and how much money do they want to put into it.

Was it a surprise that China came up with such a good little model.

Well, it seemed to be for a lot of the markets, especially because there has been a much greater level of control on some of the chips and some of the technology, the semiconductors and the likes that have been going into supporting greater and greater AI investment, And so the view was that China shouldn't be able to do this, shouldn't be able to come up with something nearly as good because there are restrictions on this technology, which is again why everyone went well, if China has managed to achieve a superior product for cheaper with all of these restrictions in place, then maybe it's not worth these companies that are making these chips and semiconductors. Maybe they're not worth the money that everyone's pumped into them. And I think this is going to be probably one of the challenges for the next couple of years, is that everyone's trying to figure out just how big or how important a new category is. I mean, it's been clear, Andrew. We saw this last year in January where during the World Economic Forum and Davos, a lot of business leaders were saying, look, AI's big. AI is important, but I don't quite know how to use it in my company. All of a sudden, we had a big sell off them as well, which we recovered in a couple of months. So it's just a bit of recalibration going on where people are going, Look, we've probably overestimated just how absolutely amazing we think AI is. We've just got to sort now recalibrate just how important and how much money we're willing to put it good toods.

Brad Olsen from Informatrics, I thank you so much for your time. Is five eighteen. Meanwhile, back back in the traditional ways of doing business, a couple of shipping companies have come up with an idea to revolutionize the way containers travel around the world and that could make for cheaper freight, which, considering we're here on the ends of the earth, this is a great thing to talk about. So we're going to talk about it in just a few moments time with the CEO of Auckland Port, who's Roger Gray.

Andrew Dickens on a filly edition with one roof, Make your Property Search Simple.

Youth talg Zibby got some more depressing statistics on home ownership from a global survey. Eighty percent of New Zealand youngsters see home ownership as a distant dream. Two thirds of renters have given up hope altogether, which is sad for them, and you've got to say a bit of a ticking time bond for society as they get older and they hit retirement, because the one thing we all need other than food and water is a roof above our head, which unfortunately has become the most expensive need of them all. More on this as the day goes on. Well, maybe here's some good news for you. A collaboration between two of the world's largest shipping companies could drive down see freight prices. Hapag Lloyd and Mask's Gemini Corporation are starting up next month. This co lab, which will cover the ocean freight network on East West trades. It's meant to see shipping prices drop immediately. Why improve stability in the Red Sea imports of Walk and Chief executive Roger Gray joins me. Now, good morning to here, Roger, Good morning Andrew. Cheaper prices, that's good.

Yeah.

Well, look, I think exporters and importers across New Zealand will be very happy with this initiative from Papak Lord and Mrs.

It's cheaper because it's called a hub and spoke operation. Can you explain that for me.

Yeah. What they're going to do is they're going to move cargo on bigger ships more reliably with a better schedule, into big hub ports and then they'll use smaller ships to come down to ports like Auckland and Total.

So that means though freight could take longer because there's a couple more movements.

Yeah, that's right, there could be. But what it will be important for both importers and exports will there'll be scheduled reliability. They'll know when their cargo will arrive. And that's been one of the biggest complaints we've had from customers over the last four or five years is ship's not arriving on time. And this is a really good initiative to get better at that.

So a arrival stability is more important than timiness.

Yeah. The reason for that is if your Woolworths and you're ordering in food, you want to know when it's going to arrive because you can then manage your inventores to make sure you don't have stocks running out in the stores. So, yeah, this reliability is what customers talked to us a lot about.

And how does it improve stability in the Red Sea?

Will There's two things that are happening. One happy Lloyd and Musk will be running these bigger ships with more tonnage, so they'll be guaranteed to be flowing. The other thing is you're probably aware that the Hooti rebels have acknowledged that they're going to stop attacking ships unless they're directly linked to Israel, so that means the ships won't be going around the bottom of Africa to get to Europe. So this should be a really good two things coming together at the same time, should be really good for the industry.

All right, And when does it take hold? When does it start impacting?

Well, we expect that we'll start to see it within the next few months down here in New Zealand. Whilst the Gemini agreement is not actually flowing directly here, we'll start to see it coming into Australia and the Upper and that should then provide us with the opportunity to see this come the next few months.

Hey, Roger, thank you so much for getting up early for us. That is Roger Gray, who is the CEO of the Ports of Aukland. And this is News Talks here b And it's five twenty four and the text number is ninety two ninety two. What are you all still on holidays? No thoughts about privatization, very few texts this morning we're back on Business People.

The early edition full show podcast on iHeartRadio, Blay News Talk Hippy Well.

News Talks got a text through saying, gosh, you know, it's the cost of living crisis right now, I can't afford to text you. But that's funny because they texted me, so yeah, ah, okay, come on now, oh thank you. Somebody says I've been texting because I'll have to be texting because I've been saving for a holiday. Welcome back. You know what I've been doing that they I've been watching a lot of the late night TV shows from America. You can see them on YouTube, and that's Fallon and Kimmel and Colbert and you know, this week, all of them have used the exact same joke, all of them. They've all said the same thing, and the joke is this, oh my god, it's only been a week. And then the crowd goes off and I don't know if they're cheering or laughing or booing or crying, but I've got a theory that they're probably doing all of that all at once, because what a week. The second Golden Era of Trump kicked off and he started doing things and it was just news news, news, news news. Mister Trump is now in your news feed twenty four to seven. He's back, baby, he is so back. He went away for four years. He is back. He's a dynamo. When it comes to making people talk about stuff, and he does stuff Colombia. Columbia won't take deportees, so what does Trump do? Hits them with a killer tariff and economic sansions say this is going to take hold in a week. Within twelve hours, Columbia folded within twelve hours. It's the fastest flip in history. Stunning crisis over back to work business as usual. That was just one day of the Trump management. And a short crisis is so much better than a long, festering one when nothing happens, wouldn't you agree? Or the ceasefire in Gaza, so Trump comes out and says, call a sees fire, rebuild Gaza. Well, everybody wants to rebuild Gaza. Jews want to rebuild Gaza, Arabs want to rebuild Garda Gaza, American construction tycoons and people like Trump want to rebuild Gaza. There's money there, so guess what netaniah? Who did it? And just so that cease fire, Gaza may be rebuilt as Israeli condos or Palestinian homes with or without Arab money or American money, But who cares? There's a ceasefire. Now this may have long term consequences, but again, who cares. There's a ceasefire. Thank god, something finally happened. That's what Trump does. He makes things happen. And some people worry a lot about, oh, what might happen next? Might be bad, but often you have no idea what's going to happen next. It's been a week of rapid and effective decisions and that's what you can do when you've got the executive power in every level of government behind you. He's the closest you've got to an autocrat that you could get democratically. And I talked earlier about privatization, and I talked about how MMP causes indecisive leadership in New Zealand. Well, Donald Trump is the antithesis of MMP, which is probably why so many Kiwis loathe them, but it's also why so many New Zealand love him. He just says yes, he doesn't say no. Christopher Luxe must be so jealous, dickens net. Migration in the UK is going to swell the population to seventy two point five million in the next seven years. That's another ten million people coming to live in Britain. Long term, that's going to have an impact. We'll talk about that with Gail Downey in just a few mothers time, and we'll go right around the country. This is early edition. I'm Andrew Dickens. Good morning.

Look the news you need this morning and the in depth analysis Early Edition with Andrew Dickens and one roof Make your Property Search Simple, News Talk Sippy.

Everybody. Good morning, Jar, welcome back. I'm Andrew Dickins. I'm here for a while because Heather had a baby and that just has impacts all the way down the line. So I hope you enjoyed the program. Thank you so much. You can text me ninety two ninety two. Ben has just texted and said New Zealand had a Trump government last election cycle and look where that got us. So this is true enough. The absolute majority, the total power. I mean, you're either really left or you're really right, or you're really crazy. And what was that old saying power corrupts, Absolute power corrupts absolutely. Donald Trump has the power, and that's for sure. Christopher Luxan does not have the power. Today as the first day of the Year of the Snake, the Year of the Snake in Chinese culture, the snake is a symbol of wisdom, mystery, and elegance. The Year of the Snake is a time for renewal and adaptability. People born in the Year of the Snake are said to be mysterious and charming and intuitive, and people born in the Year of the snake apparently get on with people born as oxes and roosters. How does a snake get on with a rooster? Myself personally, I'm a year of the rabbit.

Apparently.

People born in the Year of the Rabbit are said to be lucky, calm, peaceful, artistic and elegant. I don't believe any of this poppy cock, by the way, but what I do believe in. What I do like is Chinese food, lanterns and fireworks, and that's happening for a month, So bring it on.

Andrew Dickens twenty two to sixis go around New Zealand, Calum Proctor from dnaeding Good morning to you morning Andrew, on another pathway to becoming a Third World See all roads are on route to become a luxury In the South Island.

It turns out it's this case in South On the District Council there will today consider whether it's a revert sections of three roads back to gravel Look. South And has the second largest road network in New Zealand, but a small ratepayer base and that force of sacrifices to be made after they failed secure enough government cash. A staff reports says the cash shortfall in the National Land Transport Plan means levels of service needs to be reduced at states the cost of maintaining Southland's two thousand kilometers of sealed roads is unsustainable without further investment.

How's your weather got light?

Rain clearing to find spells for end of Cargol adonitin this morning gale Northwest as as well du led Inside twenty three and for Cargol eighteen.

Very good stuff. And now we go to christ Rich Claire Sherwood, good morning to you.

Good morning.

Christchurch's mayor is officially in campaign mode. I thought he was that doing that when he'd got the tow truck out. Oh well no, he.

Says that was not a stunt. Andrew, You've got to be clear about this. Look film Major says he has unfinished business in the city and that's the reason behind his bid for reelection. He has confirmed be seeking out another term come October. Of course, that announcement came a few days earlier than planned, when we, among others, noticed that his website had gone live a bit earlier than planned. He'll be up against a third term city councilor, Sarah Templeton. She's the only other content is so far. Mayor says he disagrees with anyone who says the Garden City needs a change in leadership, which would undoubtedly lead to larger rate increases according to film major. He says the city council has to work on reducing its costs and getting some basic commitments right.

Very good and how's your weather?

A bit cloudy today? There is a period of light rain expected and the chance of some showers by evening. Northwesterly is turning easterly, a high of fourteen.

Okay, Srewood, I thank you. Max Toll joins with me from Wellington Morning, Max, Good morning. Got a couple of bad dairy smashing grabs?

Yeah, there was a police chase in fact through Upper Hut yesterday morning. Some kids not back in school apparently for youths had apparently robbed a a dairy on Akatallawa Road. Their car was picked up later when they actually smashed into a member of the public's car at the Silver Stream Bridge. Those kids taken into custody. Thankfully no one was hurt. Another dairy as well yesterday Patel's superratt in Ardore Valley was broken into yesterday morning a similar time. Police not saying whether the two robberies or attempted robberies are related. And that's on Idol Street, sort of opposite the Garage Project tap room. Quite a nice part of town. Police investigating.

Very good.

How to your weather, parley cloudy for much of the day's strong winds and northerlys. The high twenty in the CBD.

Hello Neva Retamanu, Good morning Andrew.

Should I see you?

Lovely to see you. They found a little bird, very very rare on the tip of the fung Apa Peninsula. That's right, they have.

So what we know is that this rare bird species thriving, thriving at the regional park there in Funga Padola at least fifty five he heat or stitch bood chicks. Now that've hetch This is at Shakespeare Regional Park's open sanctuary. This has happened this summer. Have you been out there?

Oh yeah, oh right, I haven't lovely. It's amazing.

Really well, we must make that little weed trip. I think the last time I was out in funk Padora was five years old. I need to get out more so. Anyway, this is the first with the species in more than one hundred years and obviously the offspring of a group of about forty adult he he Now they were moved from the nearby Titdy Titty Martini item last June, so it's thought. Apparently there are just two thousand he heat in the entire country, so this is pretty cool.

Go the he heat, go the he heat. How's the weather aha?

Okay, partly cloudy, isolated showers twenty fours a high today here in Auckland.

E rect to matter way, thank you so much for it's now eighteen minutes to Sex to see. I just got an email for some reason from somebody who does research and has come up with Britain's cigarette spending habits. Apparently, the average Britt smokes ten point six cigarettes per day costs an average of forty nine eighty that's forty nine quid eighty a week or two hundred and sixteen pounds a month, or two and a half thousand pounds a year. Ten cigarettes per day for ten years would cost your average brit twenty five actually twenty six thousand pounds over twenty five years, sixty five thousand pounds, and that's ten a day. I have a shameful admission to make. I bought a pack of cigarettes over the Christmas given up. I've been given up for eight years. But I thought, i'd, you know, just treat myself. And I walked and I got a packet of twenty five and it was forty eight bucks. Guess what. I've given up cigarette smoking again. Gale Downy from the UK is next to seventeen to.

Six international correspondence with ins and Eye Insurance, Peace of Mind for New Zealand Business.

Fourteen to six to the UK. We go and Gale down And joins us all a Gale, Hello Andrew well net Migration is increasing the population to seventy two and a half million in the next seven years. That's a next to ten million people. You're booming.

We are booming and the projective figures come from the Office of National Statistics which also reveal almost five million people are leaving the country to live elsewhere, so that's ten million in and five million out. The government says it wants to bring down the staggeringly high levels of migration, but it won't put an arbitrary cap on the numbers of people coming in. England is expected have the highest number of immigrants, with Northern Ireland the lowest. The number of births and deaths between twenty twenty two and twenty thirty two is expected to be equal, but there will be one point seven million more pensioners now. Concern has been raised by opposition MPs. The Shadow Home Secretary Chris Philip so the number immigrating long term to the UK was shocking and unacceptable. A government spokesperson said they would link immigration skills and visas to grow the domestic workforce and end the reliance on overseas labor and boost economic growth.

Have you got enough houses?

Well, that's the big thing. And of course at the moment the government is looking at how ways of encouraging developers to build more houses, which is fine except that many people don't want the houses in their backyard.

No kidding, all right. So the AMAB bombing in Northern Ireland, when did that happen?

Oh, that was back in ninety in eighty eight, forgiveness figured.

The last interest, so quite a way away.

Before the peace Sorry O, apologies. It was actually before the Good Friday Agreement, which is it was just after the Good Friday Agreement, which was the signing of a peace deal which brought to an end decades of violence known as the Troubles. So it was just you know, say, it was four months after that was signed.

So with having acquire an inquiry, an awful long time after the fact that you have to say, we're having an inquiry into the bombing in Northern Ireland. It killed twenty nine people and the attack was under the real it was the worst atrostity of the Troubles. What can we report from today.

Well, what we know today is that two Spanish students were killed in the bombing. They've been visiting the town of Omar on a language exchange group and written testimony was heard from the families giving a bit of background about them, about their personalities. We know that family members of other victims are expected to give evidence either in person or through their lawyers during the four week hearing. And as you mentioned, it's been a long time since that happened. To now an inquiry is to determine whether the bombing could have been prevented, and the handling and sharing of intelligence at the time by state authorities.

Very good stuff, Gail Downey, I thank you so much. That is Gail Downey reporting for us out of the United Kingdom and the time right now is eleven to six. Andrew dickens Privatization is the hot word of the day and Prime Minister Christopher Luxen has floated taking esset sales and privatization and asset recycling to nixt year's election to get a mandate. He said this just days after ECC leader David Seymour suggested the idea during the State of the Nation speech. We're all talking privatization. Treasury has pointed to some government agencies that aren't performing as well as they should. We're looking at UQV and this they could potentially be the first to be sold off. So Infrastructure in New Zealand Chief Executive Nick Leggan joins me now on the program. Hello Nick, Hello, in your opinion, how would the economy benefit from asset sales?

Well, how is the country benefit? And I think what we've got to do is take this discussion back a bit, because it's not just about howking off assets and running away with the money. It's about what can you sensibly build if you release funds in a different way, and so that whole I think the idea of asset partnerships, asset recycling, where the government takes a look at it, all the asset assets it owns and says, right, we can release the money here. We could perhaps have a joint ownership with the private sector and we're going to build a school, a hospital, a light rail or a road. And this is how New Zealander's lives are going to be improved and how the economy is going to be improved for the long term. New South Wales did this. It was taken to the state election I think about twelve years ago and it was sold to the electorate and surprise, surprise, there was actually I don't say that in any sarcastic way, but actually the government, the state government delivered and you're still seeing the benefit of that and the regeneration of Sydney, of regional New South Wales. If you think about the light rail and those really exciting public spaces in central Sydney, associated uplifted housing and other economic improvements, all that happened because the state said, how can we better use our balance sheet for the benefit of social and economic progress. And that's the discussion this country has to have. It's not about this binary yes we should sell or no we shouldn't sell an asset. It's what that improves for people and jobs and growth over the long term. And that's the question New Zealand needs to ask itself. We are slipping behind internationally. The amount of money that we earn from exports is pales in comparison to some countries of similar size in the OECD. We know we've got to kick start our education and health systems if we want to retain the kind of country that I think probably people have come to expect. And it's about doing things differently.

Okay, and of course everyone goes well overseas capital. But of course there is a possibility of Kiwisaber or the New Zealand Superfund or any New Zealand.

Groups EWE groups. Look, this doesn't have to be This is not about a foreign grab. The other point about it is we have a pitiful reputation and record of managing the assets we actually build and own. Look at roads, look at schools, look at hospitals. When you get some private sector discipline into these assets, you actually improve that long term life because you can build maintenance and renewal into the contracts.

The problem, I say, the problem though, Nick, is, of course everyone looks at Kiwi Rail where we sold it and then they stripped it and then and then we had to buy it back, and they think, well, that's so. Sometimes it's not that private is always perfect. But you know, hey, but he's.

Going with your eyes wide open, Andrew, you can build those sort of things and protect the asset and build long term maintenance and prevent assets stripping in the contracts that you're right that these things are you can overcome them. And I just think we need to really ask ourselves the kind of country that we want to build and become. What are we building towards, and then we can decide how we deliver that. Because we can't keep writing checks that the public can't cash. We have to think of different ways of funding things. And it's all it's not about selling everything and building in this way. It's about can we do things better in some areas? And I think a more balanced approach one that where people understand what we're going to actually get recognizing that when you sell something, you've actually still got to service the cost. So it's not this perfect, wonderful world. We have to ask ourselves these questions.

Nick, I thank you so much for your today. Neck is the infrastructure of New Zealand CEO. Remember the government apparently we'll be seeking a mandate in twenty twenty seven, So this is not something that's happening tomorrow. This it's now what seven to six, and you can hear the thump again, the bumping because the man is in the studio.

The first word on the News of the Day early edition with Andrew Dickens and one Room to make your property surge and simple you talk, zippy.

Mike Hosking, Welcome, well greetings. I was going to say, if you read Richard Prebble's piece this morning this morning, you should because it's, first of all, I'm perplexed about this sale of stuff. It's not happening. No, there's no one. It's not a gender. It's that this government's going to you know what I'm saying, And so it's we've got more important things to think about at the moment.

I would argue, but there are fans of the economic growth that it may provide, which says this is all part of what the Prime minister wants.

Well, that's good and while we said and around, if he wants that, then he'll argue it in a year and a half's time when we go to the election, make it part of the campaign and that will be fantastic, will have that debate in the meantime. I remember I was working at TV and Z when when they were going to get sold off, and that was under the Shipley Bulger government and everything was being primed up and we were going to get see TV and Z in those days was worth they thought several hundred million dollars. These days what he reckon's worth thirty seven cents for parts.

I was I was going to say twenty.

So what have we got that we would sell that's actually valuable because when they took about half a trillion dollars worth of assets, you're talking.

About roads and courtlands.

Yeah, but I mean, okay, see you sell off some farms, good, what else?

You know, there's nothing left?

You know what I'm saying. I mean that you're not selling hospitals, you're not selling roads, and those are the assets.

So can I ask you a very important question. As the rubbish bin in the correct position, it's well.

It's certainly that. Just where do you want with an easy reach, with a gentle reach, it's clean, don't move it. Well, I cleaned it. The reason it's clean is I cleaned it.

I cleaned it on Monday.

Did you.

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