The Mike Hosking Breakfast

There's hope there can be a turnaround in unruly Kāinga Ora tenants.  A Government crackdown has resulted in 63 tenancy terminations in the past 10 months - up from 11 in the year before.  Formal warnings have gone up 600%.  Litigation Lawyer Adina Thorn told Mike Hosking the figures are encouraging.  She says it looks like under this government, there’s been a big step up and a moderate to good response to the behaviour that has been going on in some KO homes across New Zealand.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

Little has come from another round of peace talks between Russia and Ukraine. The two countries have agreed to exchange prisoners of war, including the sick and wounded, and those under 25. Ukraine has also launched large scale drone attacks on Russian air bases, damaging a third of its cruise missile carriers. Geopolitical analyst Geoffrey Miller told Mike Hosking this likely won't go down well with US President Donald Trump. He says he may see it as trying to scupper peace talks, as Trump's very much been championing the idea of talking and working out a diplomatic solution. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Christopher Luxon says the Government's making its expectations clear when it comes to behaviour in social housing.  Kāinga Ora is formally warning seven times as many tenants as it was last financial year.  It's evicted 63 tenants in 10 months for disruptive behaviour.  The Prime Minister told Mike Hosking the enforcement action is sending a clear message about what is and isn't acceptable.  He says it's a privilege to be in a state house funded by the taxpayer, and unruly behaviour isn't okay.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

The first Kiwi has made it to space. Christchurch entrepreneur Mark Rocket has made history as the first New Zealander in space abroad a Blue Origin mission in West Texas.  With a New Zealand flag in hand, Rocket and five others reached 105km, experiencing zero gravity during the 11-minute sub-orbital flight run by Amazon founder Jeff Bezos' space tourism company.   Mark Rocket told Mike Hosking it was an incredible and emotional experience that he would certainly repeat.   He says some highlights were doing flips mid-air and seeing the true darkness of space.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

The Workplace Relations Minister hopes WorkSafe's incoming culture shift will show they're there to help, not hurt.   The Government's instructed the regulator to move away from enforcement and engage early to support risk management.  It starts with today's opening of the road cone hotline.  Minister Brooke van Velden told Mike Hosking businesses shouldn't have to sweat the small stuff.   She says there's a culture of over-compliance and too much paperwork, instead of a focus on the risk of death or serious injury.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

Call me superficial, but to watch the Reserve Bank heavyweights lined up, as I did Wednesday post their cash rate decision, I did not see dynamism.  These people outwardly do not fill you with any sense of excitement.  The Reserve Bank is in a spot and, as a result, so are we as a country.  A couple of semi-interesting things happened and also one very interesting thing.  They voted 5 to 1 to cut. They don’t vote that often.  They also offered alternative scenarios, which they haven't done for five years. Alternative scenarios are not a good sign. If you have enough of them, you are literally making stuff up.  Anyone can drum up alternative scenarios. What I want to hear more of from experts is what is actually going on.  The important stuff is they have no bias on further cuts.  A lot of people thought we would get a cut yesterday, followed by one, possibly two, more.  The so-called "neutral rate", that's the cash rate settling at 2.75% or 2.5% – that now seems to be off the table.  Why?  They argue inflation, which is what drives them. That's their mandate.  The trouble with that is inflation is only just in the band. It's heading more towards the top of the band and here is the really big part – growth, or large dollops of growth, are not driving this inflation.  We are barely growing, if growing at all. Yet inflation is still a thing. That's not good for an economy and it's not good for the Government.  The Government, namely Willis and Luxon, leap, and have leapt, on each announcement talking about the money coming back into the economy as the interest rates drop. If the bank isn't cutting, then rates aren't dropping, and we aren't spending or feeling remotely bullish.  The Reserve Bank doesn’t care that much because they are fixated on inflation, whether it's driven by factors beyond our control —like insurance, shipping or councils— or growth.  Yes, we had growth in Q1. It was quite good growth too. The live GDP tracker has Q2 up a bit, but not much.  But it has annual numbers negative and inflation trending up.  What we need is help. We are in a quagmire we need to extricate ourselves from.  The Reserve Bank doesn’t look like they are that interested. See omnystudio.com/listener for privacy information.

Elon Musk’s time in the US Government has come to an end.    He's posted on his platform, X, saying the mission of the Department of Government Efficiency —or DOGE— will only strengthen over time.  A White House official has confirmed Musk's departure.  US Correspondent Richard Arnold told Mike Hosking there’s been mixed reviews about his work.  Musk was only able to find $9 billion in savings, despite his pledges to cut at least $2 trillion, which tech journalist Kara Swisher says means his efforts were a failure.   She says he did a lot more showmanship than he did work.  On the other hand, Trump aide Stephen Miller says what DOGE has done is “among the most valuable services ever rendered to Government”.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

I cannot recommend a piece of reading enough in the Listener, and reproduced elsewhere, on a longitudinal study that now spans 35 years and 12 elections.  It's gripping.  A couple thousand people each election are given dozens of questions.  Its weakness is some of the questions are vague enough to throw up responses around things like health care and public services. We like them and we want more, no surprises there. But how much more? What if the money is wasted?  We don’t get to know that stuff.  The David Lange Government of 1984 blew it big time, went way too far and upset too many people. I remember it well.  We love strong leaders. We are more socially conservative than you might think.  The electoral system doesn't represent what we actually want, or like. We like the death penalty, yet we've never had it.  There are two highlights for me: Labour's moves around Māori and introducing Treaty of Waitangi principles into some legislation.  The majority of us, decades ago, didn’t want it. We don’t have the 2023 results yet, but I bet you nothing has changed.  Which I would have thought would lead you to ask, why hasn’t it been fixed?  It's a bad idea that's been allowed to fester and cause ongoing angst and upset for decades.  Secondly, there are signs of increasing dissatisfaction, concern and unhappiness. The authors say it's not like the 90's.  I remember the 90's. It was Ruth Richardson and Jenny Shipley. It was welfare reform, the mother of all Budgets, the burning of effigies on Parliament grounds. You can see the edginess these days with similar discourse and protest.  But it's suggested political polarisation has declined over the past decade.  Really? Do you believe that?  I don’t. I don’t think we have ever been more divided and never been more stark in our views of the country and the world.  Social media, distrust, fake news, polarising views and stands – I have no idea how they've concluded this. Read it and see if you disagree.   But on most stuff, we haven't changed. The times change, the circumstances change but, broadly, we don’t.  I'm not sure if that’s good or bad. See omnystudio.com/listener for privacy information.

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all.    Fonterra: 9/10  It is literally raining money. Record farmgate, record profits, and the milk price starting at $10 for next year. Go buy a ute.    Port of Auckland: 2/10  Everything that’s wrong with New Zealand – putting prices up because you can.    Auckland FC: 7/10  Falling when they did took the shine off, but up until then there was a lot of shine to enjoy.     Trump: 4/10  He looks ropier by the day. The meme dinner, the court blocking the tariffs, the ceasefires that haven't happened. It looks rambling, ill-disciplined, and insane. Oh, and that’s before you get to Harvard.    Coffee: 4/10  $10 a cup and Al Brown is selling filter. It's not right.    Radio NZ: 4/10  All that money for all those listeners to wander off to places like the Mike Hosking Breakfast. What's worse value – public radio you don’t want or a Waiuku crossing you can't afford?    LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW See omnystudio.com/listener for privacy information.

Kate Hawkesby and Tim Wilson are back with Mike Hosking to Wrap the Week that was.  They discussed the average age of first home buyers, Hailey Bieber and her make up company, and how Producer Sam’s puppy has been behaving this week.   LISTEN ABOVE See omnystudio.com/listener for privacy information.