

When the Facts Change
The Spinoff
When the Facts Change, Hosted by journalist Bernard Hickey, When the Facts Change is your essential weekly guide to the intersection of economics, business and politics in Aotearoa New Zealand. Presented by The Spinoff. When the Facts Change is currently on hiatus and is open for sponsorship. For more details, contact bec@thespinoff.co.nz
Episodes
Mentioned books

Jun 20, 2024 • 33min
What kind of homes do we actually want?
Is the Kiwi dream to own a "McMansion", a "shoebox" or something else entirely? Bernard talks with The Urban Advisory’s MD Greer O’Donnell about a major new survey of what type of homes we actually want. She says it may not be the quarter acre "pavlova paradise" still assumed by many voters and politicians when they’re deciding on what should be be built and where.If you'd like to take part in The Urban Advisory's housing survey, click here Learn more about your ad choices. Visit megaphone.fm/adchoices

Jun 18, 2024 • 40min
Bonus episode: When the most facts changed the fastest
Bernard revisits the most revolutionary era in our political economy in conversation with Toby Manhire. Together they discuss how much the Labour Government of 1984 to 1989, portrayed in The Spinoff's new hit podcast series Juggernaut, created our modern economy, for good and ill.Listen to Juggernaut here Learn more about your ad choices. Visit megaphone.fm/adchoices

Jun 18, 2024 • 57min
Listen Now: episode one of Juggernaut – I Love You, Mr Lange
We thought you might like a wee taster of our brand new #1 series, Juggernaut: The Story of the Fourth Labour Government, hosted by Toby Manhire. Click here to follow Juggernaut so you get every episode as soon as it's released!1. I love you, Mr LangeFuelled by brandy and fury, Sir Rob Muldoon calls a snap election, sparking a 1984 campaign of contrasts – the menacing, protectionist National PM against the fresh, upbeat Labour leader, David Lange. The pretext for the election is the decision by Marilyn Waring, a young, gay MP, to back an anti-nuclear bill and quit the National caucus, prompting an earful from Muldoon. Lange, meanwhile, is joined at the hip by a hungry would-be finance minister, Roger Douglas. They are about to confront a profound crisis, and launch a revolution.Includes previously unheard interviews with David Lange from the 84 campaign trail, and new and exclusive interviews with Marilyn Waring, Roger Douglas, Geoffrey Palmer, Richard Prebble, Peter Harris, Margaret Wilson, Bob Harvey and Gary McCormick.Click here for full details of archive material used in this seriesJuggernaut was made with the support of NZ On Air. Learn more about your ad choices. Visit megaphone.fm/adchoices

8 snips
Jun 13, 2024 • 35min
Why is the Reserve Bank continuing to hold the OCR?
Paul Conway, Chief Economist at the Reserve Bank of New Zealand, offers keen insights on monetary policy and inflation. He discusses why interest rates remain high and the challenges tied to persistent inflation. Conway highlights the complicated relationship between inflation control and economic stability, examining recent trends in the housing market and the implications of fiscal policies. He also warns against oversimplifying the impacts of interest rates, using Turkey as a notable example of what can go wrong.

Jun 6, 2024 • 33min
How a cold snap almost caused an national energy crisis
Bernard Hickey goes deep into the mechanics of the electricity distribution system to find out what really happened during a cold snap in May that almost caused a national energy crisis. He talks to Electric Kiwi CEO Luke Blincoe about how to solve the dry winter and cold snap problem without spending billions of dollars on new generation and lines. Learn more about your ad choices. Visit megaphone.fm/adchoices

May 30, 2024 • 27min
Budget day special
Nicola Willis has delivered tax cuts in her first budget, largely as promised. But has the coalition government managed to square the circle of relieving cost of living pressures while avoiding the quicksand of encouraging inflation? In a special crossover episode of Gone By Lunchtime meets When the Facts Change, Toby Manhire quizzes Bernard Hickey on all that, plus: Is Willis right to say the tax cuts are not paid for by borrowing, and can she reasonably blame Labour for the bleak fiscal outlook? Learn more about your ad choices. Visit megaphone.fm/adchoices

May 23, 2024 • 28min
An interest rate bludgeoning
The Reserve Bank warned this week of high interest rates and high inflation for even longer, with sticky rental, rates and insurance inflation all partly to blame. Kiwibank chief economist Jarrod Kerr joins Bernard Hickey to discuss the how blunt our central bank's main monetary policy tool can be, and the developing opinion that high interest rates actually increase, rather than decrease, the inflation. Learn more about your ad choices. Visit megaphone.fm/adchoices

May 16, 2024 • 31min
Floods knocked out Redclyffe, so why rebuild on the same flood-prone site?
The Redclyffe substation near Napier flooded during Cyclone Gabrielle and turning it off turned off the power for much of Hawkes Bay and Tairāwhiti. Transpower has fixed it for now, but has faced a big decision: should it rebuild it where it is now, next to a stream? Or start again on higher ground? The choice tells us a lot about how to think about our climate future. Bernard Hickey talks about that decision with Transpower’s executive general manager grid delivery, Mark Ryall. Learn more about your ad choices. Visit megaphone.fm/adchoices

May 9, 2024 • 36min
How many lives is that tax cut worth?
The Government has repealed various smokefree measures to ensure it keeps collecting $1.2 billion a year in tobacco taxes, in order to pay for tax cuts already being delivered to landlords. But an economic analysis done by Otago University's public health department has found keeping the smokefree measures would have been of benefit not only for public health, but also for the economy. The university's Professor Nick Wilson joins Bernard to discuss the fascinating figures resulting from that research. Learn more about your ad choices. Visit megaphone.fm/adchoices

May 3, 2024 • 22min
Introducing Behind the Story: If you love a dog, you must also love disposing of its sh*t
The Spinoff has just launched a brand new series called Behind the Story, where site editor Madeleine Chapman sits down with a staff writer or contributor to gain more insight about a big story on The Spinoff from the week. We thought you might like to check out the first episode, and if you enjoy it please follow it wherever you get your podcasts!On Friday, Bulletin editor Anna Rawhiti-Connell sent her final newsletter, and took the opportunity to share what she’s learned about the news over two years of curating it for thousands of New Zealanders. Earlier in the week, she’d seen reports of Auckland dog owners discarding their pets’ turds on the ground after Auckland Council removed bins across the city.And so, the column “If you love a dog, you must also love disposing of its shit” was born. Anna joins Madeleine Chapman to talk about the power journalists have when framing a story and how to find the middle ground between boring and sensational.For The Spinoff editor’s thoughts on the week that was, as well as a handpicked collection of the week’s best reads, subscribe to The Weekend with Madeleine Chapman newsletter at thespinoff.co.nz/newsletters Learn more about your ad choices. Visit megaphone.fm/adchoices