The richer you are… the more you love AI?
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What is the main topic discussed in this episode?
Welcome to The Curve Weekly, where we read the finance news so you don't have to.
What happens if fuel reserves run out in Australia and New Zealand?
I'm Vic Harris, a finance professional who has had a career out of making money for other people.
And I'm Sophie Hall-Wright. I'm an executive producer of television, radio, and I was just really sick of not understanding the economy, so we started this podcast. In today's episode, there are some countries that have just over four weeks left of oil reserves. So what happens after that? A business that is a quarter of the size of eBay has just made a bid to buy it. This is the offer no one saw coming, including eBay. We have a new take on AI. Could it actually be creating more jobs? And finally, Uber. Started as the app to get you from A to B, but it's slowly turning into the app for everything.
What is the significance of the meme stock's bid to buy eBay?
But before we jump in, we just want to do a bit of a thank you to our incredible team, Lucy Munro, our social media manager, and Emily Rigby, our incredible podcast producer.
But first, a word from today's sponsor.
This episode of The Curve Weekly is made possible by Pathfinder KiwiSaver plan, helping you invest alongside your values.
Pathfinder's one mindful money, best ethical investing provider for five years running. So we've teamed up with them to bring you the ethical hotline. Got questions about the ethics of an investment or unsure where you draw the line? Submit your questions via the link in the podcast show notes. And thank you so much to Pathfinder for making this episode of The Curve Weekly possible. Pathfinder Asset Management Limited is the issuer of the Pathfinder KiwiSaver plan. A product disclosure statement is available at pathfinder.kiwi. So oil. For anyone that's stuck in this conversation, firstly, this is an important combo that needs to be had. We're not going to spend ages on it right now, but there is some updates that are definitely worth talking about.
It's scary the amount of reserves that are left and what actually we're going to do. Yes, so New Zealand and Australia have about 38 days left of petrol.
What does that happen if we run out?
How is AI contributing to the widening wealth divide?
So we actually have 90, but it's not in the country. Legally, you have to have 90 days of reserves. It's kind of like an emergency fund, but for oil. Yeah, yeah, yeah. And it's because so much of the country relies on it. But out of 36 countries in the International Energy Association, sorry, it's like IAE, and I just had to remember what it was for. IE? IEA. What did I say? I don't know.
I think I'm a bit dyslexic sometimes.
Oh, yeah, same. With numbers, shit.
In what ways is Uber evolving beyond a taxi service?
I think my metaphors, you know, that's what makes me think I'm a bit. Side note, can I quickly tell you? So I think I've shared this before on the podcast. I am horrendous at maths. Like, maths is something I just really struggle with. And I always kind of joked, because when I was at school, I was in the alternative maths class, which there was three people in the whole year. So keep in mind, there's about 160 people at my school. There was three of us. Anyway, me and one of my best friends.
What should you consider when moving your emergency fund?
I love how they call it alternative maths. Like, kind of makes you sound smart, but kind of not.
Like, ooh, alternative. Like, you're so alternative. Not great. Anyway, what was the point of my story? Oh, I was playing a game the other day. It had dice and a cup. Every time it came to my turn, it became incredibly apparent how... You couldn't add two dice either. I was just number dyslexic. Two dice. It was so embarrassing. I could tell everyone... It's like six and one. You're like, um... Everyone was trying to be like... So you could do this or you could do this. And it was like they were speaking French to me and I could not compute what was happening. And I thought and I looked it up. You can actually be number dyslexic. But numbers, I think I actually have a diagnosable issue. Well, I'm glad we have a financial education podcast.
That is the thing, though. That's why I'm here, babe. But I was about to say, finances also isn't maths. I think it's important to remember that.
And that is where a lot of beginners... I do find sometimes when we're doing a presentation and you're like, yeah, like 20,000 people.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:01–0:04
2
What happens if fuel reserves run out in Australia and New Zealand?
0:04–0:40
3
What is the significance of the meme stock's bid to buy eBay?
0:40–1:47
4
How is AI contributing to the widening wealth divide?
1:47–2:20
5
In what ways is Uber evolving beyond a taxi service?
2:20–2:45
6
What should you consider when moving your emergency fund?
2:45–8:19
7
How are job losses related to the rise of AI?
8:19–8:40
8
What are the financial implications of AI on job markets?
8:40–55:15
Speakers
4 identifiedMore from The Curve
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