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. 2 HR AGO

    Ryan Bridge: We need more positivity

    It's Friday huddle, pep talk time.  New Zealand, we're going to need our number-8 wire, positive, can-do, problem solver attitude now more than ever. Air New Zealand's in the doldrums, Trump's at war in the Middle East, oil's chocked up, Xi's talking about Taiwan, again.  And for some perspective, if Taiwan kicks off, which some in the intelligence community reckon could happen as early as next year, then things will change pretty quickly.  The world could be held to ransom over semi-conductors, not oil.  Global GDP could drop 5%, that's Covid-era/GFC level stuff.  For us, some sort of quarantine or blockade would be very bad.  China's our number one trading partner. 20-25% of our exports and we're an export nation.  If they do what everyone expects they will do then there'd be Western sanctions. What happens to our goods when there's sanctions?  The tap gets turned off. Or we turn a blind eye. And that's not likely.  When I lived in Beijing, Taiwan was a constant topic of conversation, along with Hong Kong, because they're very important to the Chinese.  Not just for historical reasons, but strategic.  Their entire eastern seaboard is key to their economic success. It's within spitting distance of Beijing (political centre), Shanghai (commercial centre) and manufacturing and heavy industry port cities. Across the Pacific? America.  So, any buffer's a good buffer.  This is not to say we should freak out, but that we should be prepared and stay positive.  Greg Foran had Covid at Air New Zealand. Nikhil Ravishankar's got a jet fuel crisis. The next guy will have something else. The hits won't stop coming. The world is smaller and dependent on each other via global trade. That means a cough in Taiwan means a cold in Southland, New Zealand. The best we can do is diversify, back ourselves and stay positive. See omnystudio.com/listener for privacy information.

    2 min
  2. 1 DAY AGO

    Ryan Bridge: Wellington's endless spending on pen-pushers and reviews

    You can't escape bureaucrats in Wellington; it's an occupational hazard. Despite the bad press they get, they're not all useless. But it depends on how you use them, and how often.  Take the Golden Mile disaster in Wellington, as just one example.  The council agrees to a project it can't afford. Expensive. Crazy. Ratepayers revolt. The cost blows out from $160m to $220m. The blowout is $60m - or 30 disco toilets in Wellington dollars.  A new Mayor comes in. A review is ordered.  Then enter the reviewers: a nine-person panel, supposedly independent.  The review is costing $400k, which is at least one bike rack for cyclists in Wellington dollars.  Then yesterday there's a meeting. They basically say this thing is still somehow affordable for Wellington, despite the fact the city can't afford a 50c mix at the dairy at present.  Enter the Mayor. The Mayor is asking some questions about mission creep. He's not so subtly suggesting that political judgements are being made by these reviewers. Leave that to the politicians, he says. They want their big project, and they don't care which poor old Wellington ratepayers funds it.  This is not entirely the fault of the boffins doing the reviewing. Because, as I understand it, the review was set up not to actually make major changes, just tweaks.  Which begs the question: why was a review ever needed at all? And why'd it cost $400k? You either don't want to spend $60m, in which case, don't.  Or you do, in which case, do.  Why the endless spending on pen-pushers and reviews? See omnystudio.com/listener for privacy information.

    2 min

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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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