When the Facts Change

In 2021, the Reserve Bank told us that house prices were unsustainably high and would likely fall by around 15%. That has proven to be the case and the market is now considered sustainable. Yet, house price-to-income ratios are still two to three times higher than they were 20 years ago, and most people with regular incomes still struggle to buy homes. In this episode, Bernard Hickey talks to Rese...

As founder of Girls That Invest, Simran Kaur wears multiple hats: financial columnist, best-selling author, TEDx speaker, and financial literacy advocate. Her highly acclaimed podcast has garnered over four million downloads and topped the business podcast charts worldwide. At just 26 years old, Simran’s remarkable achievements, including speaking at the UK House of Parliament, defy her age. In th...

A groundbreaking transformation is underway in the United States, as they embark on an industrial revolution that aims to replace a staggering one billion fossil-fueled machines with clean, electric alternatives fueled by the forces of nature—wind, sun, and water. This remarkable shift, ignited by a masterful manoeuvre within the world's largest and most complex political economy, has set the stag...

While you wait for the next episode of When the Facts Change, we thought you might enjoy This is Kiwi – a new series about inspiring New Zealanders brought to you by our friends at Kiwibank. Beyond his triumphs in professional sport, Dave Letele has always maintained an unwavering commitment to his community. Through the establishment of the BBM Motivation foundation, Dave has emerged as a beacon...

For decades, the wealthiest New Zealanders have been reaping enormous private gains from public infrastructure investments. While those who benefit consider the game fair, the less fortunate bear the overwhelming burden of infrastructure costs. Bernard Hickey talks with Geoff Cooper, the head of strategy at the Infrastructure Commission, as they delve into groundbreaking policy ideas aimed at tran...

Both farmers and environmentalists fear Aotearoa becoming a sea-to-sea swathe of permanent Pinus radiata plantations that collect billions of dollars of carbon sequestration credits for investors, but few create long-term jobs and become deserts for native flora and fauna to thrive. But it doesn't have to be that way. There are plenty of redwood, eucalypt, and other fast-growing carbon sinks that...

AI is gearing to be as much of a cultural revolution as the birth of the iPhone, but it’s still yet to be seen how its implementation in the workplace will impact everything from efficiency to recruitment. In this week’s episode of When the Facts Change, Bernard Hickey talks to CK Lee, founder of receipt scanning app Taggun, about how he uses AI in his business and as a tool to improve his thinkin...

National's housing spokesman Chris Bishop wants councils to zone enough land with enough pipes and roads to house 30 years worth of population growth, but not all through densification. In this week's episode of When The Facts Change, Bernard Hickey asks Bishop just how big he wants Aotearoa to be, and who will pay for all the extra infrastructure needed when that growth is on green fields. Learn...

Aotearoa has been penny-wise and pound-foolish with its investments in maintaining and building public infrastructure and services. This week Bernard Hickey talks with wellbeing economist Katherine Trebeck about how the machinery of government, politicians and voters can think and plan differently to avoid that same pound-foolishness again Learn more about your ad choices. Visit megaphone.fm/adcho...

With the political and economic gravities pulling in various directions, the finance minister was tasked with providing support for the hardest hit by the cost-of-living crisis without heaping sugar in an already high-inflation sauce. And on top of that, it's an election year. To assess whether Grant Robertson managed to thread that needle, Gone By Lunchtime’s Toby Manhire sits down with When the...

Most new homes in Aotearoa are still designed with bespoke elements and a multitude of building materials. It feels a lot like the early days of cars, when there were thousands of manufacturers with many more thousands of models of cars. Then along came Henry Ford and Toyota to standardise and mass produce cars, driving prices down and quality up. This week Bernard Hickey talks with Simplicity Liv...

Buying a home with a partner you're romantically involved with has always been the norm, but what if you're not in a relationship or prefer to go solo? Bernard Hickey talks to Kiwibank's Philippa Scott and Pip Maxwell about their new Co-own mortgages, which allow flatmates, brothers, sisters, cousins, and groups of friends to save, borrow and own houses together in ways that fit around modern fami...

An IRD investigation into the wealth of New Zealand's richest 311 families found they paid an effective tax rate of just 9.5%, less than a third the 30% effective rate being paid by single PAYE-taxpaying renter on $80,000 a year. This week Bernard Hickey talks to the report’s commissioner, revenue minister David Parker, to break down what the report says and discuss the fairness New Zealand's curr...

As companies struggle to replace staff of all skill levels, is there a group of potential workers being overlooked by employers because they don't fit the traditional mold? Bernard Hickey talks with Autism NZ CEO Dane Dougan about the benefits that come with hiring autistic people and what employers can do to make their workplace safer for autistic staff members. Learn more about your ad choices....

Aotearoa needs to double the size of its electricity industry over the next 30 years to meet our emissions reductions targets. We've done it before in 1945 to 1985 but can we do it again? With a myriad of privately and publicly owned companies waiting for market and regulatory signals, it seems unlikely. Bernard Hickey talks with electricity expert John Hancock about the prospects of doubling our...

The surge in working from home looks here to stay, unleashing a whole new class of software tools for bosses to keep an eye on workers — and not always in a good way. Bernard Hickey talks to Multitudes.co founder and CEO Lauren Peate about the risks of employer surveillance, and how software can be made more ethical, more productive and less stressful. Learn more about your ad choices. Visit megap...

Since the devastation of Cyclone Gabrielle, insurers have begun rapidly repricing the land beneath homes for flood risk, which is creating a Wild West for home owners impatient to find out if their lands are going to continue to be insurable. Bernard Hickey talks to insurance and banking academic Dr. Michael Naylor from Massey University to explore what home owners can do to protect their housing...

Chris Hipkins' dump of Ardern-era policy has potentially jeopardised a major part of the government's climate change response. Bernard Hickey talks to climate policy expert Christina Hood from Climate Compass to find out why this month’s Emissions Trading Scheme auction failed and how she feels cabinet have destroyed confidence in the market by accident. Learn more about your ad choices. Visit meg...

With Chris Hipkins transitioning into a new era of policy, what does that mean for the Green Party's agreement with Labour? Green MP Julie Anne Genter joins Bernard to discuss the Green Party's position on Labour's policy dump, who they're willing to go into government with, and her hopes for the upcoming election. Learn more about your ad choices. Visit megaphone.fm/adchoices

Auckland mayor Wayne Brown has embarked on a money saving scheme to plug a $295 million "fiscal black hole" in the council's finances, but is it true? A Better Budget for Auckland's India Logan-Riley talks with Bernard Hickey about the flaws in Brown's logic and suggests an alternative to the mayor's belt tightening that doesn't involve slashing social services. Learn more about your ad choices. V...

Is the environment changing faster than we can adapt to? The emissions trading scheme incentivised livestock farmers to rid their land of animals in favour of converting it for pine forestry. However, the silt and leftover slash used to make those forests are the same things that wrecked havoc on horticultural lands during Cyclone Gabrielle. Alison Dewes and John Burke are two farmers who feel the...

Who is really winning from skyrocketing inflation? National Party finance spokesperson Nicola Willis went head to head with Reserve Bank governor Adrian Orr this week, blaming him and the government for being an active contributor to inflation by printing mass amounts of money during the COVID response. However, another factor may be to blame - corporate price gouging. Bernard Hickey explores how...

Amongst the tragedy of Aotearoa's recent climate disasters is an opportunity to enact lasting legislation to prevent it happening again. Climate policy academic David Hall is tasked with finding the economically and politically sensible ways that we can adapt to the climate crisis. He talks with Bernard Hickey about gnarly politicking and the changes we need to make to avoid environmental disaster...

The effects of climate change are beginning to pool at the feet of New Zealand's coastal home owners. Climate Sigma managing director Belinda Storey says most beachfront properties will either need to be moved or demolished in the next 30 years. She and Bernard discuss the morally hazardous world of climate finance, the future cost of repairing mega-mansions, and how the taxpayer can avoid footing...

A replacement to the Resource Management Act of 1991 is currently going through the motions of parliament with hopes to create more resource and eco friendly industries in Aotearoa. However, Irrigation NZ CEO Vanessa Winning is worried the new version of the RMA could create perverse and unintended consequences. Bernards talks to her about how the government's good intentions could negatively impa...