It’s a tale of two economies, for now. 

The Reserve Bank is forecasting more OCR cuts next year, sooner than previously expected, after yesterday's 50-basis point cut to 4.25%. 

But Governor Adrian Orr says growth remains weak globally. 

Former Finance Minister Steven Joyce told Mike Hosking there are green shoots in the economy, but they're confined to specific sectors like commercial property, dairy, kiwifruit, and the tech sector. 

He says big-employing industries like service and retail have been flat as a pancake, alongside residential property and construction. 

LISTEN ABOVE 

It’s a tale of two economies, for now.&nbsp;
The Reserve Bank is forecasting more OCR cuts next year, sooner than previously expected, after yesterday's 50-basis point cut to 4.25%.&nbsp;
But Governor Adrian Orr says growth remains weak globally.&nbsp;
Former Finance Minister Steven Joyce told Mike Hosking there are green shoots in the economy, but they're confined to specific sectors like commercial property, dairy, kiwifruit, and the tech sector.&nbsp;
He says big-employing industries like service and retail have been flat as a pancake, alongside residential property and construction.&nbsp;
LISTEN ABOVE&nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Steven Joyce: Former Finance Minister on the cuts to the OCR and the current state of the economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c950c463-5a27-4c87-b313-b23501348e61/transcript

I am more knowledgeable about the Pike River tragedy than Tony Gibson's Auckland Port court case. 

But out of Pike River came the law that got Gibson, as former boss of the Port of Auckland, over the death of a worker. 

He has been found guilty. He may appeal. 

You would imagine if the verdict stands and a penalty is imposed, it would have a severe chilling effect in the world of CEOs. 

Just where is the line for a boss in looking after the safety of the staff, beyond the broad-based and widely understood rules? 

Do court cases like this now reset those boundaries as to what you must, or might do, in regards safety in a large workplace? 

Some workplaces are inherently dangerous because of their nature. 

Rules will be in place, but how tight do those rules need to be? And it's out of that sort of expectation that life in general can sometimes be brought to a sort-of standstill by the “just in case” mentality. 

Work and safety is driven by good intention but is stifling in the real world. 

In taking the very specific responsibility right up the chain to the corner office for a person falling off, or falling over, or into something, that's a tremendous amount of very specific expectation – especially in a large company when the numerical gap between the boss and a bloke on the floor, or the machine, might well be large.

It's an interesting concept, to judicially skip any number of people between the victim and the CEO.

What I know about Pike River was it was a top-down mess. If you were looking for blame, there was no shortage of it to spread around.

A lot of people wanted Peter Whittall to pay, but that was more predicated on him being an easy target, not because he, and he alone, was responsible.

How much of the new law came out of the same mentality? 

"Don't worry about the detail or fairness, let's just look to have someone pay".

And if that is what drove it, is that good law? Or is it a lot of potential trouble and a reason not to be the boss?

I am more knowledgeable about the Pike River tragedy than Tony Gibson's Auckland Port court case.&nbsp;
But out of Pike River came the law that got Gibson, as former boss of the Port of Auckland, over the death of a worker.&nbsp;
He has been found guilty. He may appeal.&nbsp;
You would imagine if the verdict stands and a penalty is imposed, it would have a severe chilling effect in the world of CEOs.&nbsp;
Just where is the line for a boss in looking after the safety of the staff, beyond the broad-based and widely understood rules?&nbsp;
Do court cases like this now reset those boundaries as to what you must, or might do, in regards safety in a large workplace?&nbsp;
Some workplaces are inherently dangerous because of their nature.&nbsp;
Rules will be in place, but how tight do those rules need to be? And it's out of that sort of expectation that life in general can sometimes be brought to a sort-of standstill by the “just in case” mentality.&nbsp;
Work and safety is driven by good intention but is stifling in the real world.&nbsp;
In taking the very specific responsibility right up the chain to the corner office for a person falling off, or falling over, or into something, that's a tremendous amount of very specific expectation – especially in a large company when the numerical gap between the boss and a bloke on the floor, or the machine, might well be large.
It's an interesting concept, to judicially skip any number of people between the victim and the CEO.
What I know about Pike River was it was a top-down mess. If you were looking for blame, there was no shortage of it to spread around.
A lot of people wanted Peter Whittall to pay, but that was more predicated on him being an easy target, not because he, and he alone, was responsible.
How much of the new law came out of the same mentality?&nbsp;
"Don't worry about the detail or fairness, let's just look to have someone pay".
And if that is what drove it, is that good law? Or is it a lot of potential trouble and a reason not to be the boss?

Mike's Minute: Is the CEO to blame for work and safety?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/50b3dbf7-4bd3-4dbd-8b37-b235015f7a12/transcript

On the Mike Hosking Breakfast Full Show Podcast for Thursday 28th of November, we get reaction from the Reserve Bank and Steven Joyce after our last OCR cut of the year. 

Phase 1 of the Covid inquiry is complete, and inquiry chair Professor Tony Blakely has some surprising comments about vaccine mandates and lockdowns. 

Mike couldn't believe Mitch James was quitting music, so had to get a friend of the show on for one last time as a musician. 

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. 

LISTEN ABOVE 

On the Mike Hosking Breakfast Full Show Podcast for Thursday 28th of November, we get reaction from the Reserve Bank and <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/steven-joyce-former-finance-minister-on-the-cuts-to-the-ocr-and-the-current-state-of-the-economy/">Steven Joyce</a> after our last OCR cut of the year.&nbsp;
Phase 1 of the Covid inquiry is complete, and inquiry chair <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/tony-blakely-outgoing-head-of-the-covid-inquiry-on-the-findings-of-phase-1/">Professor Tony Blakely</a> has some surprising comments about vaccine mandates and lockdowns.&nbsp;
Mike couldn't believe <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/mitch-james-kiwi-musician-on-his-decision-to-step-away-from-the-music-industry/">Mitch James</a> was quitting music, so had to get a friend of the show on for one last time as a musician.&nbsp;
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.&nbsp;
LISTEN ABOVE&nbsp;

Full Show Podcast: 28 November 2024 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/40827087-8728-4ad2-a191-b235014c3217/transcript

The Black Caps are riding the increased wave of support from the public as they head into the opening test against England in Christchurch, starting this morning. 

Day three on Saturday is sold out, while minimal tickets remain to today's opening day. 

Black Caps all-rounder Rachin Ravindra told Mike Hosking the team's historic whitewash in India has helped the cause. 

He says that there’s a lot more people congratulating them for their efforts in India as they’re walking around. 

“That’s what we want right? We want the public to be behind us, and hopefully we can keep inspiring people to keep playing the game.” 

LISTEN ABOVE 

The Black Caps are riding the increased wave of support from the public as they head into the opening test against England in Christchurch, starting this morning.&nbsp;
Day three on Saturday is sold out, while minimal tickets remain to today's opening day.&nbsp;
Black Caps all-rounder Rachin Ravindra told Mike Hosking the team's historic whitewash in India has helped the cause.&nbsp;
He says that there’s a lot more people congratulating them for their efforts in India as they’re walking around.&nbsp;
“That’s what we want right? We want the public to be behind us, and hopefully we can keep inspiring people to keep playing the game.”&nbsp;
LISTEN ABOVE&nbsp;

Rachin Ravindra: Black Cpas all-rounder on the increased public supporting heading into the England test

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/775af58a-c79a-431c-bc6b-b235014aaeab/transcript

Steven Joyce: Former Finance Minister on the cuts to the OCR and the current state of the economy

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