FIRST WITH YESTERDAY'S NEWS (highlights from Thursday on Newstalk ZB) Why Else Would They Turn Away Business/How To Succeed In Business/Mark the Week/Cheating Old Musk/Coffee Isn't Going Anywhere
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I go there. Welcome to the Rerap for Friday.
All the best bets from the Mic Hosking, Breakfast on Newstalks, EDB in a Sillier package, Giant Lean Hart and Today.
If you want to run a business, you need a business attitude.
According to the Husk will mark the week for the first time in twenty twenty five because look at that, it's Friday, and that.
Is what we do.
Elon musk caught and a major major standal and the price of coffee.
We guess which way that's going and not down.
But before any of that, this ethical banking thing it's getting out at hand.
Do these banks want to do business or not?
A lot of you have been asking, quite rightly, does the NAB do the same thing? The NAB and Australia is the parent bank. Latest we found us from Market Forces. Market Forces are very green, pro anti mining sort of group, so they wrote a report in December A and Z, NAB and Westpac and your climate reports last month. The key takeaway is the door is still open for fossil fuel companies to keep receiving more finance for their climate destroying expansion plans. A and Z, NAB and Westpac reported overall drops and lending exposure. NAB reported a drop of one hundred and eighty million, which of course is check and feed. Overall decrease in fossil fuel lending by the big four banks. Generally, lending from all four banks has gone though to companies, they complain because of their ideological stance with plans to develop more coal and oil and gas. Oil and gas is a bigger player in the electricity market, of course than it is in this country. But there is my summation of the article is there is no overt plan from those banks to curtail banking with those people. Because the letter from the B and Z to this particular mine was sent at twenty twenty three, and they gave them a bunch of exit dates. They're going to close the Mind's asset finance facility by the beginning of this year. They're going to shut the lending facility by July. They're canceling credit cards and closing all accounts by twenty thirty. It was making the decisions in response to its coal mining policy, which included cap and coal exposure since twenty nineteen, exiting thermal mining by twenty five, and exiting metallurgical coking coal by twenty thirty. These are parts of the B and z's commitments to the Paris Agreement on Climate change. Say whatever you want about coal, as I've said a million times on this program, So whatever you want about coal and all the fossil fuels in the world, if we could do without it, brilliant, But we can't. And you cannot have a government that talks about growth and getting ahead and productivity when you've got one commercial operator overtly and deliberately sabotaging the operations of another commercial operator, you can't have it.
And also the bizarre thing is these organizations are already under immense scrutiny for their excessive.
Profits and are being.
Asked why they're making so much money and do they have to be making as much money as they are? And so I guess they're making so much money that they don't have to do business with people who also make a lot of money, which kind of proves the point that they're making too much money, isn't it.
Do you get what I'm saying.
Should I just calm down a bit so my voice doesn't go up into that high cracky area.
Maybe it's a rewrap. Anyway, Hey, are you supposed to do business in this country?
Proving life is what you make it. I walk into a local restaurant right over the holidays. I know it well, been there a million times Italian. It's very good. Up with this new owner. Who was this person? I inquired? He came from Hospow. He told me had worked in the city, but he and a mate had decided to, as he put it, take a punt. It's better to be an owner than work for somebody. I immediately admired him. Struma had been put up for sale because it wasn't making any money. Now that is a familiar story, of course in Hospow, doom and misery and Hospow. And yet I can tell you why this place hadn't made any money. It was because it was only open five days a week and only for dinner and for limited hours. At that first thing our new owner did was one open seven days a week and two open for lunches as well. He even opened Christmas Day last minute, did twenty covers on Christmas Day on short notice. By the time we left town, he was more than happy with how things were humming. So is hospow and trouble trouble? Or are there too many owners who don't want to do the work? So over the holidays I noticed too many people who weren't opened or won't open long enough. The cafe that closes at four, you walk in at twenty two to four? Sorry, kitchens closed? Why sorry? The sign on the door says we're having a well earned break back on the third of January or the sixth of January. This was in tourist country, and let's be honest, I thought all of New Zealand was supposed to be tourist country these days. So how much pain is real and how much of life has made harder simply by not trying hard enough? Is David Seymour right? There are two camps these in this country these days, the change makers and the ones who sort of open but not really and then wonder why things are a bit slow. Our mate at the restaurant, my better is, will make a good go of it, because one he's invested, and two he is determined, and three he did a couple of things the others could have done but they didn't, winners and losers. Most of it is about choice.
Yeah, so you know, if you want your business to be successful, work seven days a week, twenty four hours a day.
Don't stop to eat or sleep or go to the bathroom. It's as simple as that.
And also, if you are a restaurant and you want my Husking to have dinner there, then you need to open at about two pm. No, no, not for lunch, for dinner, for Mike Hosking's dinner oram I know it?
Seriously, it's good to have him back. Let's mark the week because that's what he does.
Right time now to mark the week, the little piece of news and current events. It's as popular as a long black for under five dollars trump eight.
Have to be talented, naturally talented.
Yes, some madness and puffery and stuff you know will never happen, but a lot of energy and buy in this week. It'll be dramatic. And I think on balance are successful four years our economy though two I mean, while we distract ourselves with us reppery over Mexican barbes and a SID sales that aren't actually happening, listen to the Reserve Bank or the HSBC this week, or indeed any financial commentator of note. We are in deep, deep deep trouble. No growth, no, I mean no growth at all, backwards and growing debt. It never ends well. Deep seek four. Not the world change they freaked out about day one, but a reminder of the Chinese never sleep actually deep seex seven that actually, I think is the real lesson in the story this week, sanctions as in the Chips didn't work. All it did was make shy nerds in China more creative. Charter school seven one of the good news stories of the week. Not only did more schools apply than they had money for, more pupils applied to those schools than they had desks for jobs six another good news story. We grudra jobs at the end of the year, not by but we didn't go backwards a dairy seven. Stop more the news that are you doing another increase in the latest day auction of course boom seven. I think what they will find is reaching Mack one on a plane as small as they did is easier than reaching Mac one in a big plane with a lot of people playing less than a small fortune to fly fast. In other words, not a lot's actually changed since Concord speaking of speed speed limit six this week is a start, but really does it have to be that hard and slow for the rest of these roads they promised? Sale GP seven, tell me what one of the highlights of the holidays? That thing is slick ass, It is well run, It makes New Zealand look great, courts is awesome. He's brilliant Winston for mister Hoskins, quote my words, the race thing I thought he'd moved on from. I mean, he looks better than that these days, until he doesn't. Shane Jones seven, it's my card Minister of the week. Taking on the banks over fossil is a fight he shouldn't have to have, of course, but he's got the looks on his side. I reckon no limits on Eden Park seven. Idea of the week. How about we actually do it instead of just gas bagging about it? And that is the week copies on the website and part of this was written for the first time, by the way, by digital nomads, or at least that's what they said they were.
I think I am one.
I mean, I don't know mad very far, usually only about thirty ks away and then I'd give my digital on but I think I'm allowed to do that already because I already lived here, So forget I said anything.
It's a re rabbit, right mask. He's a funny old fellow, isn't he. Why would you.
Pay somebody to play video games for you when you're the richest man in the world.
What a dirty little cheaty lawn muskers, Eh, what a dirty little cheat. So yesterday Tesla crashed because they missed their sales. But more importantly, he's a gamer. He's been claiming that he's ranked among the world's best players of Diablo for he can cruise through Tier one hundred Nightmere dungeons like a stroll in the park. He shared regular updates on x about how quickly he had conquered the global leadership boards of another game, Path of Exile Too, blasting through the toughest content, popping monsters like balloons. But then people went, hang on, this isn't legit is it? By the way, Path of Exile Too is a New Zealand game, and we must not underestimate the intellectual genius in this country that's going into the world of gaming and sending get out to the world anyway. So once Musk started skyting about how good he was at these games, I'm sorry about my intergestion. I've got a coffee this morning and it's not that good anyway. All the online sleuth's thought, hold on here, what's going on? Is he boosting?
Now?
Boosting is when you pay other people to play the game for you, so that when you log back on yourself, you're already well down the tracking, you've got the barts.
Now.
They said he's boosting, He denied it, and before ultimately he said, actually, it's true. It's impossible to beat players in Asia if you don't so he's boosting. So he's cheating. And the sad thing about this is that the gaming community apparently thought Elon was super cool because he liked gaming and he was a famous gamer, and so he was part of them and they were part of him. And he just turns out to be a dirty, rotten, little cheek disappointing, isn't it.
Yeah?
I remember my kids used to make me play Crash Bandicoot so they could get through to the next level.
Crash.
It's one of the few games they ever got to the end of. Actually, Crash Bandicoot. There was another one we played that you had a whole lot of bugs that you connect up to make one long bug.
Was that on?
I can't remember whether they got the end of that or not, but I did wonder at the time when I was playing them what they were getting it. They would just sit there and watch me do it. It wouldn't it be more satisfying if you did the us yourself, and also, heaven, you got better things to be doing dead.
I would think to myself, it's the rewrap, right, So the price of coffee, just check. Oh no, it's still still going up. Oh well, coffee.
By the way, is there an industry in people scaring us about coffee? Yesterday? Things are about to get scary? There's your headline. Things quote unquote are about to get scary for coffee. So average green coffee prices are gone from three seventy six aikilo and twenty twenty to ten eighteen nikilo in twenty twenty four to thirteen ninety seven so far in January, roasters are facing between a twenty five and thirty five percent reduction in margin. Here's my guess. First of all, here's the other thing. The sector is in uncharted territory, which is not true because commodity prices haven't been this high since the seventies, so it can't be uncharted territory. If it's been there before, it's charted. We're in charted territory.
It's like when Donald Trump says that they've just had the worst inflation that they think exactly in history, except for all.
The people to write these stories these days don't even think about what they're saying. So we are in charted. So in the seventies, what they do, Oh, guess what they survived, because guess what. We're still drinking coffee. My guess is as painful as it may be, I think we'll still keep drinking coffee. Is one of those things you can't give up, isn't it.
And at which point Mike then sent Sam our executive producer, downstairs to get a coffee from the cape across the road, because obviously he was after talking about coffee, he was desperate for one, because, in case you weren't aware, his coffee machines broken.
At the moment at home as well. I would recommend that he gets.
An espresso, a virtuo machine like I've got I've never been a big coffee capsule coffee guy until I got this machine.
This is the one that does you know, proper flat whites. That's pretty good.
We're got to say good, strong coffee, consistent, exactly the same every time, melts exactly the same every time. Does it have a screen, I'm just trying to think. I know it doesn't have a screen. It just has little lights that light up. And then when they light up and tells you that something needs cleaning, you then got to google that see what that means. One day they'll come up with a machine that literally just tells you what that means. Then we'll that's when we'll know that the robots have taken over. This has gone on far too long. I am Glen hat That was the rewrap. We'll be back with another one of interterminate length on Monday.
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