Chapter 1: What is the main topic discussed in this episode?
Your trusted home for news, sport, entertainment, opinion and Mike. The Mike Hosking Breakfast with Range Rover Sport SV, the ultimate performance SUV.
News Talk ZB.
Good morning and welcome. Today, the Battle of the Bank forecasts as Kiwi Bank calls ANZ reckless on the cash rate. The retail spending, it's up or is it? More good news from tourism and the rebound rolls on. Mark and Ginny Politics Wednesday. Richard Arnold, Steve Price graces with some offshore brilliance as well. My word, it's Wednesday morning already, seven past six.
We learned last week that charter schools are indeed the same cost, if not cheaper, than state schools. Thus, you would hope, once and for all, ending the scrap over basic choice. Now, you don't have to like charter schools, but the argument that they only worked was because they got shed loads more money seems now not to be true.
Chapter 2: What are the differing opinions on the Reserve Bank's cash rate increases?
See, ideology... and the blind version of it should never stop choice or good ideas. And so it appears with the Sustainable Energy Association, who remarkably don't appear to have been watching Epic Fury or its fallout. They've made yet another call for the LNG plant in Taranaki to be pulled.
The fact the gas is vanishing locally and people still like hothouse tomatoes doesn't seem to matter to them. Surely if we learned anything... out of an oil shock.
Chapter 3: How is the tourism industry recovering post-COVID?
It's just how much our economy is reliant on oil. Sustainable energy is excellent.
Chapter 4: What does AUT's Trust in News report reveal about media trust in New Zealand?
No one can argue against it. But our economy doesn't run on it.
Chapter 5: What are the implications of Cyclone Vaianu discussed by Mark Mitchell and Ginny Andersen?
Tractors do not run on it. Trucks do not run on it. Factories do not run on it. Dare I suggest they may never. But even if you can produce a timeline in which they might, it's not soon. And what we know for a fact is, one, we're running out of gas. Two, we need gas.
Chapter 6: How does the current economic situation affect retail spending?
Three, renewables have not, nor will they possibly ever fill the void for all our needs. The LNG program, sensibly, is being weighed up by the government, not on ideology, but cost. A lot of alarmists choose the war on gas prices to try and leverage their myopic argument. But using the same logic, you'd never use a PVC pipe again. It's ridiculous.
Covering our bases, which is what LNG is all about, makes sense. It's good business. Some industries need gas. They need the sheer heat it provides. Wind won't do it, nor will sun. The day you want to harm your economy to save a planet is the day you've lost the plot and you're not living in the real world. When your next plane can take off for Singapore using wind, let me know.
Chapter 7: What are the latest trends in New Zealand's migration data?
When you can make steel out of the heat provided by the solar, let me know. The day the ship carrying the oil arrives, having been fuelled by peanut oil, let me know. Until then, let's stick to a fuel policy driven by common sense, not weird obsession.
News of the world in 90 seconds.
Right, a lot going on on Epic Fury. Peace talks might well be back on. Oil is down this morning. The Saudis are pleading to unblock the strait.
Chapter 8: How are international peace talks impacting global politics?
Trump has had a pop at Maloney over the Pope thing. JD's weighed into the Pope thing. It would be best for the Vatican to stick to matters of morality, to stick to matters of, you know, what's going on in the Catholic Church, and let the President of the United States stick to dictating American public policy. Doubling down. not going well with your average American?
I think it's very important to respect our religion, our culture, not only the Catholic religion, but all religions. That's his opinion. I will pray for him.
That's all I can say. Having had a go at the Pope and Maloney over the Pope, Trump also had advice for Starmer.
Europe is desperate for energy and yet the United Kingdom refuses to open North Sea oil, one of the greatest fields in the world. Tragic. Aberdeen should be booming. Drill, baby, drill. It's absolutely crazy that they don't know more windmills.
As a result of the war, the IMF have put their latest global growth forecasts out. No one has hit worse than the UK, but because they keep handing out those pay rises, it might help with the inflation battle. There is little evidence that there are strong wage pressures in the UK economy, and therefore, under the reference forecast, our estimates of core inflation are not increasing too much.
Just before we leave the war, Israel still isn't done with Lebanon. The problem for Israel's security is the problem for Lebanon's sovereignty.
It's Hezbollah. It's the same problem.
And this problem needs to be addressed in order to move to a different phase. Talks, by the way, are underway. Peace talks underway in Washington between those two. Then in Colombia, it turns out they've got too many hippos, so they're going to cull them.
Without this action, it is impossible to control the population. And as we have already seen in the forecasting, it would mean that by 2030, we will have at least 500 hippos affecting our ecosystems.
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