Early Edition with Ryan Bridge

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

  1. 4 HRS AGO

    Ryan Bridge: Beware the insatiable beast that is the state

    It's like a hungry child screaming for more food, even though you've just fed them dinner and pudding.  Across the Tasman, Jim Chalmers, the Aussie Treasurer is facing high debt and deficit. They've managed to achieve the highest level of spending to GDP of any government in 40 years outside the pandemic. Sound familiar?  To deal with this, the IMF has just told them they should cut their cloth.  They've also suggested the Federal government may need to bail out some states who are also weighed down by the Double Ds of post-Covid governance. Debt and deficit.  Let's not forget this is the lucky country. The one that's been firing on cylinders we don't even have. The Flying Aussie Roos, it turns out, haven't quite been putting away for a rainy day despite making hay while the sun shines.  So, what do they do? There's a report out from the Australian this morning that they're considering taxing more.  Remember they already have a capital gains tax, the thing we don't have but Labour's promising her to introduce.  But they have a discount on it for assets held for at least a year - once you flick it off you get half off the tax.  Their Treasurer has apparently been keen on getting rid of this discount before. And not ruling it out now.  It bring them an extra $10billion in revenue.  So when parties here say they'll solve our problems with new taxes, is that the end of the story? Or does the insatiable beast come back for more?  This is a problem unique to government. In private business, as you well know, you only put prices up so high in order to cover costs.  People have choice about what they buy and they might put you out of business. So you cut costs. You innovate. You change and adapt to remain competitive.  Government's can raise taxes indefinitely.  The problem with some of them is that, given the chance, they would. See omnystudio.com/listener for privacy information.

    2 min
  2. 1 DAY AGO

    Ryan Bridge: Yes, sport is dangerous

    Full credit to Tom Slingsby at the Aussies on their victory over the weekend. It obviously didn’t hurt that the Black Foils and Burling, and the French, crashed out.  It was brutal to watch. I was at the racing on Saturday in the grandstand and up close, you get a sense of how fast they’re going and how close they are to one another. And that’s what makes it such a thrill. You’re not meant to say that, but everybody there on Saturday was as hyped about the near-misses and close calls as they were about the results and actual racing. That's human nature. You can’t look away from a car crash.  It’s the same reason UFC is nipping at the heels of boxing and Run If Straight is now a thing people watch and get paid for. We like the excitement of somebody possibly getting hurt or injured. Throw in the fact athletes take the risks, hopefully calculated ones, and come out victorious… and you have yourself an afternoon of entertainment. There’s skill and talent and technology involved, no doubt. But you wouldn’t turn up to watch a Sail GP boat race itself.  The question is whether people will still be thrilled by a split-fleet format with fewer boats jostling for position, which is a move that was apparently on the cards anyway. And if this is the first of many safety improvements, how different will the competition look and feel? Look at what happened to rugby union when safety overtook entertainment.  If you don’t give people action, they go find it elsewhere.  Now, don't get me wrong. I’m not saying I want crashes galore and let’s throw caution to the wind and create the equivalent of bumper cars on water, but it must surely be something organiser will be thinking about.  And as for Burling, did he push it too far? If he executed the exact same race and won without crashing, nobody would be complaining. But that’s the thing about this competition, it’s fractions of technology, weather and conditions that make a difference. There's talk his rudder failed him. Was that driver-inducted failure or just bad luck? Nobody wins playing safe. And people don’t watch sport for its safety features. At the same time, to win a race you’ve got to finish it. And that lesson, more than any change to the rules, might be what slows drivers like Burling down a touch in future.  See omnystudio.com/listener for privacy information.

    3 min

Ratings & Reviews

5
out of 5
3 Ratings

About

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

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