Heather du Plessis-Allan Drive

The Government's opted against a significant energy shake-up - rejecting calls to re-nationalise or split up the big gentailers.  Instead, it'll offer the Crown-controlled companies more capital to invest in generation projects. Energy Minister Simon Watts explained the changes further here today. LISTEN ABOVESee omnystudio.com/listener for privacy information.

More Government cash for the three Crown-controlled gentailers. That's the biggest change to come from today's energy announcement - alongside plans for a new LNG import facility.  Energy Minister Simon Watts says a report concluded sector players weren't confident they could ask the Government for money to fund new generation projects.  Newstalk ZB senior political correspondent Barry Sopers says the Government rejected plenty of other ideas on the table. LISTEN ABOVESee omnystudio.com/listener for privacy information.

A congressional deadlock's shut down the US Government.  Congress failed to pass last-ditch attempts to extend federal funding failed, with Democrats and Republicans refusing to vote through each other's bills. The deadline's now passed - meaning the Government must strip back to essential services, and most federal workers won't be paid. President Trump's threatened major cuts. US correspondent Jonathan Kearsley says it's a monstrous situation. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The White Ferns' ODI Cricket World Cup campaign gets underway tonight as they confront defending champions Australia in Indore. Central Hinds’ Flora Devonshire, Otago Sparks’ Polly Inglis and Bella James and Auckland Hearts’ Bree Illing will all make their World Cup debuts in the tournament. Sportstalk host D'Arcy Waldegrave speaks ahead of tonight's clash. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Fire and Emergency's new trucks don't have enough space for firefighter gear.  It has spent millions of dollars on the 28 vehicles, but crews say the lockers are about 20 percent smaller than before. Their union says workers are considering cutting holes to make more room.  Fire and Emergency Deputy National Commander, Megan Stiffler, says inventory lists weren't accurate.  "There were some items that weren't listed on that, and that's the bit that I'm working with fire crews at the moment - to understand why they weren't on a list and how I can best meet their needs." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Christian Brueckner, a suspect linked to the disappearance of Madeleine McCann has been released from prison - and he's calling for the 'witch hunt' against him to stop. Brueckner was recently released after serving a seven-year rape sentence, and he had to surrender his passport and wear an ankle monitor upon release. UK correspondent Enda Brady says the suspect hit out at the prosecutor who accused him of murdering McCann - and said he didn't 'feel free.' LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Australian Reserve Bank will keep the Official Cash Rate on hold at at 3.6 percent. The RBA's Governor, Michele Bullock, says Australia is in a 'difficult position', but they're committed to addressing inflation. HSBC chief economist Paul Bloxham explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Fonterra's making the case to shareholders in a bid to sell off its iconic brands. French dairy giant Lactalis has agreed to pay $4.2 billion for the consumer business. The Country's Hamish McKay explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Tonight on The Huddle, former Auckland mayor Phil Goff and Conor English from Government relations firm Silvereye joined in on a discussion about the following issues of the day - and more! US president Donald Trump recently unveiled a 20-point peace plan for Gaza. Do we think Hamas will agree to this? Could this be a gamechanger - or just another plan that goes nowhere?  Should Kāinga Ora have negotiated better to get more for the Dixon Street apartments in Wellington? The CTU is calling for electricity generators to be returned to public ownership ahead of the Government's big energy announcement. What do we make of this? LISTEN ABOVESee omnystudio.com/listener for privacy information.

Now, we need to talk about the Reserve Bank's excuses for how it completely stuffed up its job and let inflation get away on it during Covid. We spoke about this on the show yesterday, it's done the review and it says, quote, - "in hindsight, an earlier and more aggressive tightening might have reduced inflation sooner." Yeah. Really, Sherlock?  But this would have been difficult given the data available at the time. Now, basically what they're saying is: yeah, we could have done better if we could see what was happening at the time, but we couldn't see what was happening at the time. Which is a crock, isn't it? Because there were people who could see at the time what was happening, and they said so. They said it publicly, they said the Reserve Bank needs to start tightening up - in some cases, months, if not even more than a year, before they did. I mean, the New Zealand Initiative first identified that Covid could cause inflation in April 2022 - that's a year and a half before the Reserve Bank started tightening. Brad Olsen called on them to start lifting the OCR in July 2021, that's about three months before they started. They started in October 2021. Now, that's good on them for - at that point - starting to move, but they were doing it. They were pumping the brake ever so slightly while still pushing the accelerator in a big way, because they did not stop pumping the economy and they kept their cheap money for banks program going all the while. In February 2022, the following year, the New Zealand Initiative was warning them and saying - hey, listen, this inflation is a thing here. But that lending continued, that cheap money to the banks continued all the way through to December 2022. When it stopped, inflation was already at 7.2 percent, which is nutso. Now, to be fair to the Reserve Bank, it wasn't just their fault. Grant Robertson was doing a fair bit, right? He was spending like crazy, and even though he was warned by Treasury, he just kept on spending too. But that doesn't exonerate the Reserve Bank, it just makes their job harder. But they cannot pretend that they didn't see what was happening, because others did see what was happening, and they needed to see what was happening - because that is what they are paid for. LISTEN ABOVESee omnystudio.com/listener for privacy information.