Avsnitt
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World leaders are directing US$50 billion worth of interest from frozen Russian assets towards Ukraine.
The funding was announced at today's G7 summit in Italy as a signal to Russia it cannot win the war by depleting Ukraine's resources.
US President Joe Biden and Ukrainian President Volodymyr Zelenskyy also announced a bilateral security agreement.
Zelenskyy's outlined the details of the agreement, noting it includes a long-requested shipments of F16 fighter jets.
He says it clearly states the US supports Ukraine's efforts to win the war.
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$211 billion. That's a lot of money.
It is what it will cost Australia in lost productivity and revenue as a result of their Government panicking over reaction to the mass arrival of people via immigration.
Such was the panic, they started capping numbers. In capping numbers, they appeared to have made a mess of it.
If you follow Australian politics they make a mess of a lot of stuff, but that’s another story and one to watch later this year if they go to the polls and the Albanese Government turns out to be a one-term.
But by capping numbers they have turned immigration into a political game, not a business one.
You need immigration for skills and labour. By not meeting labour demand you curtail your growth.
It is an open question as to whether we are doing the same.
The flood gates were opened, way too late, and then because it was way too late the panic ensued and we let in all sorts of people, some of whom we wanted, or needed, but many of whom we didn’t.
It's the same reaction here - upset. There is a group it seems in all societies who are edgy about people arriving in their country. Politicians read that and react.
The Hays NZ recruitment survey out this week suggested skills gaps were still an issue here. In fact, 25% of employers said it was worse now than it has been, which is hard to fathom.
But it is nevertheless a reality and hands on deck is a very direct link to growth and I doubt anyone disputes we need growth right now.
Another question for us that Australia doesn’t appear to grapple with is around demand. Do people actually still want to come here? The truly talented and skilled have a world of choice. Are we still on their list?
Anyway, in Australia the price of playing politics is $211 billion.
So on one hand the Prime Minister keeps the punter happy who doesn’t like immigration, but on the other hand business is screaming for staff as they watch the bills mount for things they can't do.
This is where leadership comes in. Real leadership is about making the right decision, not always the popular decision.
Real leadership is about hanging tough when the screamers and moaners are at their loudest
At $211 billion ol' Albanese doesn’t look like he's the goods.
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Saknas det avsnitt?
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At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all.
The Warriors: 8/10
Three on the bounce and looking better by the week. Melbourne at home this week. Come on! This is our year!
Farmers and the ETS: 8/10
Good, old fashion common sense.
Oil and gas: 7/10
Some more good, old fashioned common sense. Yes, we want to help the climate, but there's no point if the lights don’t work.
Banks: 6/10
This is fertile ground and maybe the pollies go where the Commerce Commission won't, or hasn’t. As it stands in the PR battle, I'm not sure the banks are currently on the right side of this.
Fieldays: 8/10
A reminder of what makes this country tick.
Tourism: 4/10
Someone high up needs to wake up to this. 73% of where we were five years ago is a straight up and down failure and we need to ask why.
120kmh: 7/10
The Government wants to hear from us on increasing the speed limit. I say yyyyeeeeaaaah baby!
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The Hurricanes are sitting at the top of the table ahead of their Super Rugby semifinal against the Chiefs.
They’re facing off tomorrow at Sky Stadium, giving the Hurricanes a homefield advantage.
Coach Clark Laidlaw told Mike Hosking that there’s been a real buzz around Wellington the last few weeks, and the support from the city is right up there.
He said that the Chiefs are definitely good enough to roll them, and the Canes will need to be ready for them to be at their best.
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On the Mike Hosking Breakfast Full Show Podcast for Friday 14th of June, the Government are putting out the idea of being able to go 120kmh on the open road, and do we have a solution for the gender pay gap?
Darleen Tana update alert! Or lack thereof... but you asked and we delivered.
Tim and Kate Wrapped the Week, and Kate finally got her chance to call out Mike's crap from the week.
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.
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Changes to KiwiSaver could be on the way, but one provider says more needs to be done.
Retirement Commissioner Jane Wrightson says New Zealanders' balances are too low.
She wants the minimum contrition to rise by one percent, alongside employers' contributions.
But Simplicity Founder Sam Stubbs told Mike Hosking that the Government should be doing more to encourage retirement savings.
He says as long as it's not compulsory, those who need it the most won't use it.
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A Kiwi motorsport champion turned advocate says changes to speed limits are logical.
The Coalition government's reversing speed limit reductions brought in under the previous Government, including 24-7 limits around schools.
Its draft report's also asking for input on its Roads of National Significance, once built, catering for speeds up to 120km/h.
Road safety campaigner Greg Murphy told Mike Hosking that a lot of Kiwis were annoyed when the speeds were lowered.
He says a lot of the changes were knee-jerk reactions by ill-informed people who decided dropping the speeds would save a lot of lives, which didn't happen.
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Boot camps for youth offenders will look different than they did when proposed during the election campaign upon their implementation at the end of July.
RNZ reports that Oranga Tamariki's boot camps will only involve three months of detention, rather than up to 12 months.
The remaining nine months will involve time in the community.
Billy Graham Youth Foundation Chief Executive David Graham told Mike Hosking that the success of the boot camps comes down to one key thing.
He says it's essential the transition from the residential environment to the community works.
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There's a new approach to tackle New Zealand's stubborn gender pay gap.
Acting Minister for Women Louise Upston's announced a new tool businesses can voluntarily use to calculate the divide.
It replaces plans from the previous Government to make reporting mandatory.
The national pay gap is 8.6% and has typically sat around 9-10% for the past decade.
Business leader Dame Theresa Gattung told Mike Hosking that unconscious bias plays a significant role in why it exists.
She says a good chunk of the pay gap is unexplained, and doesn't just relate to women taking time out of the workforce to have children, for example.
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A big day for New Zealand business is on the cards as the Chinese Premier's trip continues.
Li Qiang has met with the Prime Minister, confirming that China will expand its unilateral visa-free travel policy to New Zealanders
Today, Chinese business representatives will be signing trade deals with local companies.
Trade Minister Todd McClay told Mike Hosking that there's huge potential for this country as China's economy grows from strength-to-strength.
He says the services agreements and co-operation deals around berries and baby formula that are under negotiation are worth billions of dollars.
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It was always coming because it's part of the coalition deal.
But the Willis letter to a couple of select committees sets up, of all the inquires and market studies we have had, probably the most interesting investigation yet.
Banks and whether we are getting a decent deal, is there enough competition?
The rural community is screaming at the moment over their behaviour, there seems a very fair weather/social licence issue there.
The Reserve Bank and commercial banks are at each other.
Observers of the retail operators look on with interest at the margins charged here vs the margins charged in Australia, remembering of course that they are the same banks.
So, a lot to look into.
Like all the other market studies though, whether petrol, or supermarkets, or building supplies, looking into stuff is one thing, working out what to do if anything is another.
What if it's found the Reserve Bank really is a problem? They are independent of the government, so what does the government do?
Kiwibank was supposed to be a disruptor. It isn't, do you do anything about that?
If a farmer is not helped in a way they might have wanted, and the committee finds banks are withdrawing from the rural sector, what actually do you do about that?
On the flip side: banks are successful and we like and want that. The stability of banks is critical to an economy and in that we have been fortunate.
How much has government policy through Covid messed with banks, and lending, and the economy?
We get into DTIs, the LDRs, the treatment of investors, the flow on effect to housing and rentals and first home buyers, and access to money.
This in some way or other touches about every single one of us.
As always with big businesses people will go in with a preconceived notion: banks are thieves, or bullies, or rip off merchants, the Reserve Bank is overbearing.
But, given we seem —rightly or wrongly— to be obsessed with inquires, here goes another one.
The trick is not to have it end up like the others, where next to nothing happens.
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The Consumer Advocacy Council is calling on the Electric Authority to step up to ensure power companies are being transparent.
NZIER research reveals the rules intended to shine a light on whether the big electricity companies are inflating prices, aren't working.
Gentailers —companies that both generate and sell electricity— are required to disclose the price they use internally to sell power to their retail arms.
Consumer Advocacy Council Chair Deborah Hart told Mike Hosking that gathering this information isn't enough.
She says to make proper sense of the data, the Electric Authority needs to make a pricing benchmark.
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Beer brewers say they're disappointed in the government for bumping alcohol taxes.
The alcohol excise tax is set to increase by 4.1% from July.
It follows a number of increases over recent years.
Brewers' Association Executive Director Dylan Firth told Mike Hosking that things are pretty tough out there.
He says the last government made a number of increases to the tax, but more hikes are unsustainable.
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On the Mike Hosking Breakfast Full Show Podcast for Thursday 13th of June, Finance Minister Nicola Willis tells us why an inquiry into rural banking is so valuable and necessary.
We bring you the highlights from the Rishi Sunak and Keir Starmer leaders' "debate".
Andy Summers of The Police fame is coming to New Zealand, so we had to talk to have the exclusive chat with the guitarist from one of the greatest trios of all time.
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.
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A Christchurch company has stepped in to save this year's Canterbury A&P show.
Event Hire's reached an agreement with the A&P association to operate a slimmed down version of the annual November event.
The partnership follows the A&P board calling it off due to its financial situation.
To be called the Christchurch Show, it will remain at the show grounds.
Event Hire owner Phil Anderson told Mike Hosking that discussions had been underway since the show was canned.
He says interest was sparked after they were asked by suppliers and vendors whether they could offer support.
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The Finance Minister says change needs to happen in our banking sector.
The Government's requested an inquiry into banking competition, particularly in rural banking.
Nicola Willis says we owe this inquiry to our rural communities, who are vital for the recovery of our economy.
She told Mike Hosking that she's open to anything, including bringing banks into line and changing legislation to guide the Reserve Bank to do things differently.
Willis says this issue is at the heart of whether businesses can innovate and expand and if New Zealanders can get affordable lending and services.
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A recruitment specialist says we've likely lost a number of our already small pool of skilled workers.
More than 130,000 people moved out of the country in the year to April, the highest on record according to Stats NZ figures.
A record 81,200 New Zealand citizens made up the majority of the leavers.
Talent ID Director Kellie Hamlett told Mike Hosking that these departures won't be helping our skills issue.
She says it comes down to the fact there's more demand for skills than we have skill to fill.
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With over 75 million records sold, six Grammy’s, and inductions into the Rock and Roll Hall of Fame, the Police are one of the most iconic bands in the world.
Although they’re no longer making music as a group, each member is still immersed in their creative pursuits, and guitarist Andy Summers is following his all the way to New Zealand.
In an exclusive first announcement, Summers will be bringing Kiwi audiences ‘The Cracked Lens + A Missing String’, an intimate, multimedia performance full of musical performances, stories, and his celebrated photography.
He told Newstalk ZB’s Mike Hosking that tickets for the shows are hard to come by and he’s getting a standing ovation every night.
“So, I think it’s going well.”
Summers began his foray into photography while touring with the Police in 1979. He said he had plenty of time on his hands and photographers were abundant.
“I finally sort of crossed over and got a good camera and said, ‘well, I’m gonna do this,’” he told Hosking.
“It turned into, you know, a passion that I stayed with ever since.”
When it comes to his photography, Summers favours abstraction, focusing on composition, values, balance, and colour as opposed to interesting faces or scenes.
“I think of it in formal properties,” he explained.
“Not like, ohhh, that’s an exciting moment, you know, that man’s doing something to that man, whatever.”
This different way of thinking carries through to his music as well, Summers citing a quote from critic Walter Pater: ‘all art constantly aspires to the condition of music’.
“I find the information that I had from music is sort of... you can take it across to photography. And again, you know, like in music you would be thinking of line shape, one thing contrasting against another, a structure.”
“All these things can be applied to photography.”
Summers blends his creative pursuits further, creating scores that go alongside his photographs. His newest EP ‘Vertiginous Canyons’, releasing later this month, is a companion for his 2023 photography book ‘A Series of Glances’.
He revealed to Hosking that the score is entirely improvised, as he played around until he got sounds that inspired him and built each track off that.
“I made those tracks in one afternoon, which I think is very healthy,” Summers laughed.
There’s often an idea that quality directly correlates with the time something takes, but Summers doesn’t believe that matters, saying that some of the greatest things are done in minutes.
“I was trying to tell somebody this morning,” he said to Hosking.
“You know, you sit there and slog away trying to write something, and then you give up, and the last minute you give up, it suddenly arrives in your head.”
While some of it can be attributed to years of training and familiarity with his craft, there is another sort of mysterious element to it: a spark of inspiration.
Summers has been playing guitar since he was young, transitioning through styles and genres throughout his life. He grew up playing jazz and classical, learning from people like Kenny Burrell and Jimmy Rainey, and began his professional career in a rhythm and blues band before joining the Police.
After their disbandment in 1984, Summers began his solo career influenced by all sorts of music, taking inspiration from the likes of Thelonious Monk and Miles David.
“All this was something that I wish to take elements from and kind of build my own style.”
"What’s more creatively fulfilling, post-Police or the Police?” Hosking asked, which Summers said was a “bit of a cruel question”.
“I can’t really answer that,” he said.
The two are different things Summers told him, with the Police being “the magic band”, something that doesn’t come along often, and his solo work being incredibly enjoyable as well.
“I’ve made 15 solo albums and I really dug into it,” Summers said.
He’s renewed his studio equipment, confirming his plans to create more music in the coming future.
“I think we went through a weird time with Covid and everything seemed to have stopped, and now it feels like life is coming back again.”
“I’m on the road and I renewed the studio, so yeah, looking forward to it. Feeling good about it.”
Tour Dates:
19th September, Opera House, Wellington.
20th September, James Hay Theatre, Christchurch.
3rd October, Town Hall, Auckland.
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The government is considering a move to scrap regulation on food exporters.
They’ve opened consultation on a proposal to allow exporters to manage the process for meeting food standards for the country the food's being sent to, rather than having to meet New Zealand's requirements.
Food Safety Minister Andrew Hoggard told Mike Hosking that the dairy industry has long been calling for the change.
He says New Zealand red tape has seen exporters missing out on market opportunities and this is a quick fix.
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