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When the Facts Change

Latest episodes

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Oct 17, 2024 • 31min

The hidden battery in your home

What if your hot water cylinder could help solve New Zealand’s energy crisis? And how is an hour of free electricity helping with our notoriously problematic electricity market? Electric Kiwi co-founder and CEO Huia Burt sits down with Bernard Hickey to explore how they are helping New Zealanders tackle the cost-of-living crisis, all while reducing our national reliance on non-renewable energy sources. Tune in for a fascinating discussion about electricity, innovation, and the potential for real change. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 10, 2024 • 29min

Is Nicola Willis cutting costs or cutting growth?

Finance minister Nicola Willis is on a mission to crunch the size of government debt from well over 33% of GDP to under 30% within a few years, as well as fire up growth in an economy experiencing its worst-ever recession per capita. Doing one would be hard, but both at the same time seems a mission impossible for a politician wanting to win a second term. Bernard asks her how the government will both keep its promises and engineer even bigger spending cuts in per capita terms than those delivered by Ruth Richardson in the early 1990s. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 3, 2024 • 32min

We’re all getting older and something has got to give

As our national population grows older (and the superannuation system becomes increasingly burdened by the growing ranks of retirees), how will the government balance the books? The ratio of tax-paying adults to superannuitants is steadily falling, and raising the age of eligibility for super won't cover the forecasted shortfall. So what kind of fiscal policy changes are needed before public debt starts getting scary?Dominick Stephens, chief economic adviser at the Treasury, joins Bernard Hickey to discuss the long-term unsustainability of our current situation, the impacts of migration and outsized labour force participation by over-65s, and what’s at risk if we don’t make changes soon. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 26, 2024 • 32min

Gazing into the infrastructure crystal ball

Aotearoa’s biggest problems are largely caused by a lack of infrastructure - housing, transport, water, hospital and education - in the areas that need it most. So how could (or should) we plan the systems that keep our country running? And who is responsible for divining the future to make decisions that can have an impact for decades to come? Bernard Hickey is joined by Peter Nunns, acting general manager of Te Waihanga NZ Infrastructure Commission, to discuss the murky business of planning infrastructure projects for an uncertain future. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 19, 2024 • 34min

When the interest rates change

Kiwibank chief executive Steve Jurkovich joins Bernard to discuss the current economic landscape and what’s happening (and likely to happen) with interest rates. Steve also shares his thoughts on the future of Kiwibank, open banking and if he considers possible banking plays by likes of Apple and Google to be a legitimate threat. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 12, 2024 • 30min

Navigating our economy forward (by looking in the rear-view mirror)

As recently as late May, the Reserve Bank thought it wouldn't need to cut rates until well into 2025. However, a batch of leading indicators revealed a slump in economic activity through June, and the RBNZ decided to hit the brakes by lowering the official cash rate in its August monetary policy statement. Reserve Bank chief economist Paul Conway talks to Bernard Hickey about why the RBNZ decided to change course, what kinds of data they are lacking compared to other central banks, and what they can't change about our economy. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 8, 2024 • 48min

This is Kiwi: Dane and Stacey on choosing adventures over assets

Selling everything and booking one-way tickets to Thailand marked the beginning of an extraordinary life for popular travel vloggers Dane and Stacey. With over 200,000 followers on Instagram and YouTube, the digital nomads have built a thriving business by offering travel tips, guides and an authentic peek behind the curtain of their lives. Join us as we find out how Dane and Stacey make their relationship work and keep the money coming in, no matter where in the world they are.Check out all the episodes from season three of This is Kiwi:5th August - TJ Perenara12th August - Kirsten Dodgen19th August - Jess Quinn26th August - Taylor Roche2nd September - Jess Hong9th September - Dane & StaceyA Kiwibank series in collaboration with The Spinoff Podcast Network. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 5, 2024 • 26min

An electrifying plan for Aotearoa

Saul Griffith helped change the world a couple of years ago when he and a couple of "tech bro" mates convinced Joe Biden to rewrite the Democrats’ Green New Deal and pitch it as an Inflation Reduction Act to rewire America’s economy with renewable energy. Saul makes a pitch for Aotearoa to do the same, but much cheaper and much faster, instead of the government’s current plan to spend $1 billion importing gas over the next couple of years. He presents Rewiring Aotearoa’s paper on The Electrification Opportunity, which estimates cheaper power costs worth $10.7 billion per year by 2040.https://www.rewiring.nz/tomorrow Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 1, 2024 • 49min

This is Kiwi: Jess Hong on chasing dreams as an introvert

Most actors don’t go straight from performing lunchtime school shows to landing the lead role in a big-budget Netflix series, but Jess Hong isn’t most actors. Since being cast as Jin Cheng in the blockbuster sci-fi series 3 Body Problem, life has been a whirlwind for the self-confessed introvert. Jess might be living the Hollywood dream, navigating global career success and financial freedom, but the core of who she is remains the same. Find out how an attempt to overcome her shyness as a teenager took Jess Hong from school stages to Tinseltown. Stay tuned for new episodes each Monday:5th August - TJ Perenara12th August - Kirsten Dodgen19th August - Jess Quinn26th August - Taylor Roche2nd September - Jess Hong9th September - Dane & StaceyA Kiwibank series in collaboration with The Spinoff Podcast Network. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Aug 29, 2024 • 31min

Building better goal posts for emissions accounting

Accountants often have low profiles and their accounts seem merely to keep score on the games of capitalism, but they can sometimes shape capitalism itself - and maybe even the atmosphere.Bernard Hickey talks with Dr Amelia Sharman from the External Reporting Board. Typically an obscure setter of accounting standards nestled somewhere between the government and companies, she details how the XRB’s new standards for emissions accounting might just change the world. Learn more about your ad choices. Visit megaphone.fm/adchoices

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