Saul Griffith helped change the world a couple of years ago when he and a couple of "tech bro" mates convinced Joe Biden to rewrite the Democrats’ Green New Deal and pitch it as an Inflation Reduction Act to rewire America’s economy with renewable energy. Saul makes a pitch for Aotearoa to do the same, but much cheaper and much faster, instead of the government’s current plan to spend $1 billion importing gas over the next couple of years. He presents Rewiring Aotearoa’s paper on The Electrification Opportunity, which estimates cheaper power costs worth $10.7 billion per year by 2040. https://www.rewiring.nz/tomorrow Learn more about your ad choices. Visit megaphone.fm/adchoices

Most actors don’t go straight from performing lunchtime school shows to landing the lead role in a big-budget Netflix series, but Jess Hong isn’t most actors. Since being cast as Jin Cheng in the blockbuster sci-fi series 3 Body Problem, life has been a whirlwind for the self-confessed introvert. Jess might be living the Hollywood dream, navigating global career success and financial freedom, but the core of who she is remains the same. Find out how an attempt to overcome her shyness as a teenager took Jess Hong from school stages to Tinseltown.  Stay tuned for new episodes each Monday: 5th August - TJ Perenara 12th August - Kirsten Dodgen 19th August - Jess Quinn 26th August - Taylor Roche 2nd September - Jess Hong 9th September - Dane & Stacey A Kiwibank series in collaboration with The Spinoff Podcast Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

What happened to the world’s supply chains during and after the Covid-19 pandemic, and how much of the damage caused is permanent? New York Times business journalist and author of ‘How the World Ran Out of Everything’ Peter Goodman joins Bernard Hickey to explain the complex international pathways of manufacturing and transportation that bring products to our doorsteps, through the example of one fledgling American toy startup. 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. Visit megaphone.fm/adchoices

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 they've adopted a much better, and more sustainable farming practice - converting some of their grass paddocks back into native forest and wetlands. They talk with Bernard Hickey about the benefits and hidden profits that have come with this decision, and how government could best write policy for farmers. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 widening company profit margins may be the real reason behind the countries inflation issues. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 the full bill. Learn more about your ad choices. Visit megaphone.fm/adchoices

How does Aotearoa stop relying so heavily on agriculture to prop up our economy? Online tax and accounting service Hnry just raised $35m to grow its software on-demand service across the globe. Bernard Hickey talks with AirTree partner Jackie Vullinghs about how venture capitalists are funding Aotearoa’s fastest growing, least-polluting and highest-wage export growth sector. Learn more about your ad choices. Visit megaphone.fm/adchoices

Parts of the nation's capital have turned into a wasteland of red stickers, and 'for lease' signs. WellingtonNZ CEO John Allen has been given the challenge of breathing new life into the city's economy, businesses, and image. He talks to Bernard about housing and hotel shortages, sewerage on the streets, a movie industry on the brink of collapse, and all the other challenges facing Te Whanganui-a-Tara in the coming decade. Learn more about your ad choices. Visit megaphone.fm/adchoices

Wellington has a new mayor determined to shake things up. At the beginning of the year, Tory Whanau was a mayoral candidate pitching her ambitious vision for the future of Wellington city. Now, she sits in the top spot and is tasked with turning that vision into a reality. She talks with Bernard, exactly one year on from when they last spoke on the podcast, to discuss economics, housing, and who she would be nervous about becoming the next transport minister. Learn more about your ad choices. Visit megaphone.fm/adchoices

In a three-episode miniseries over summer Bernard breaks down the quotes from 2022 that changed everything... This episode, Elon Musk confidently strides into Twitter HQ to claim his new seat as CEO holding... A sink? Learn more about your ad choices. Visit megaphone.fm/adchoices

Aotearoa has never been wealthier, yet demand for food parcels is skyrocketing and the Government won’t extend help to food banks so they can cope. Bernard talks to Auckland City Missioner Helen Robinson about a surfeit of wealth at a time food banks are being defunded. Learn more about your ad choices. Visit megaphone.fm/adchoices

In a three-episode miniseries over summer Bernard breaks down the quotes from 2022 that changed everything... This episode, Jacinda Ardern blames a "wicked perfect storm" for the cost of living crisis that swept over the entire country. Learn more about your ad choices. Visit megaphone.fm/adchoices

In a three-episode miniseries over summer Bernard breaks down the quotes from 2022 that changed everything... This episode, Adrian Orr tells New Zealanders to "cool their jets", signalling a dark storm cloud set to loom over the economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Well that took a turn, didn't it? With a war in Ukraine, supply chain mayhem and a deadly disease tearing through the workforce, this year was one for the history books. Bernard is joined by Kiwibank chief economist Jarrod Kerr to discuss the previous year, increasing interest rates and what it all means for 2023. Learn more about your ad choices. Visit megaphone.fm/adchoices

Why is it that women still earn less than men across many industries in New Zealand? Economist Isabelle Sim is using groundbreaking research to uncover why the stubbornly high pay gap really exists. She talks with Bernard about how other countries achieve pay equity, working mums, and why transparency is the best way forward. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Treasury has just published a government mandated report on the overall wellbeing of our country. Typically, a country's success would be measured by GDP, employment rates, and net debt, but this report aims to redefine how New Zealand measures growth. Tim Ng from the Treasury talks with Bernard about how this shifting of the goalposts might affect the future of political investment. Learn more about your ad choices. Visit megaphone.fm/adchoices

We hear a lot about young people struggling with housing affordability, but much less is spoken of how the housing crisis will impact pensioners. A new report shows we're at serious risk of doubling the number of retirees facing rent and mortgage stress by 2048. While the debate around who should get NZ Superannuation and how much they should get has been mostly frozen in time since the late 1990s, the current landscape means the debate has now changed. Retirement Commissioner Jane Wrightson joins Bernard Hickey to discuss how we can keep elderly renters and those still with mortgages out of poverty, what this could mean for NZ Superannuation eligibility and what will happen if nothing changes. Learn more about your ad choices. Visit megaphone.fm/adchoices

While billionaires build their bunkers in Queenstown, Julie Scott, CEO of the Community Housing Trust is building affordable homes with profits made by new suburb developers. She tells Bernard all about how inclusionary rezoning can be used to make the rapidly expanding region affordable for locals again Learn more about your ad choices. Visit megaphone.fm/adchoices

Methane and nitrous oxide produced by cows and sheep remain the biggest barrier to Aotearoa meeting its emissions reduction goal. Science writer Melanie Newfield talks with Bernard to break down The Government's recent policy announcement and discuss why gassy livestock is so crucial to the country's climate solution. Learn more about your ad choices. Visit megaphone.fm/adchoices

The National Party's Deputy Leader has spoken out against The Reserve Bank Governor Adrian Orr, calling for an independent review if National are elected in 2023. Skyrocketing house prices and record-high inflation are being blamed on The Government's money printing scheme during the COVID-19 pandemic. Willis says an external review would answer the question - how can this be avoided in the future? Learn more about your ad choices. Visit megaphone.fm/adchoices

As central and local government battle for asset control, the lack of investment in infrastructure becomes an ever-growing issue. Bernard talks to former Auckland Deputy Mayor Penny Hulse about the tension between these forms of government and how it can be mended - what has ruptured in these relationships and why does it matter?  Learn more about your ad choices. Visit megaphone.fm/adchoices

Softer-than-expected inflation figures this week suggest the inflation dragon - the one that savaged real wages and borrowing costs for the last three years - may have finally been shoved back in it's cave. Kiwibank's Mary Jo Vergara joins the podcast to discuss what that means going forward for interest rates in our housing-market-with-bits-tacked-on economy. Markets are now saying that the Reserve Bank could now cut the Official Cash Rate by the end of this year, but how many cuts can we hope for? Listen in to find out. Learn more about your ad choices. Visit megaphone.fm/adchoices

Aotearoa’s Government spends $2b a year on the environment, but where does that money go? Backed by his recently published report on our tracking of emissions, Parliamentary Commissioner for the Environment Simon Upton dives into discussion with Bernard Hickey on the importance of collective clarity and knowledge in the measurement of our environmental spending. Learn more about your ad choices. Visit megaphone.fm/adchoices

Building developers and funders are scrambling to work out how much carbon dioxide is emitted or captured in a building’s construction and operation over its lifetime. Jasmax’s Carbon Research Lead, Paul Jurasovich, joins Bernard to map out the new world of carbon budgeting for buildings (such as the five star green-rated Kiwibank corporate office in Auckland). Learn more about your ad choices. Visit megaphone.fm/adchoices

Professor Anthony Hoete is trying to solve some of the biggest housing problems in Te Ao Māori with new tools and technology. He talks with Bernard Hickey on This weeks When the Facts Change about using NFTs to bring together dispersed iwi land titles and engineered timber to turn iwi forests into homes that are carbon sinks. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kiwibank has just produced its first sustainability report as a B Corp, paving the way for big organisations joining the ESG reporting movement. But what does a pass mark look like? How can the marking process be used to do better? CEO Steve Jurkovich joins Bernard in conversation to korero about what Kiwibank did to its climate emissions, how it measured pay equity and what can be done to help fund Māori housing. Learn more about your ad choices. Visit megaphone.fm/adchoices

Private rentals owned by ‘Mum and Dad’ landlords are expensive and unstable, making it difficult for tenants and their tamariki to settle into their communities and schools. As renting becomes a long-term reality for more and more of us, is there a better way? In this episode, Bernard is joined by Helen O’Sullivan, CEO of Crockers Property Group, to talk about one possible solution, and what policy tweaks the government needs to make to help it grow. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's evident to those living in Aotearoa that doing so does not come cheap, but did you know our housing and rental affordability is the worst in the world? Treasury Chief Economist Dominick Stephens went hunting with a team of Government experts for the reasons why. Revealing the three key factors driving our housing market, Stephens deep dives into conversation with Bernard Hickey on how the combination of lower interest rates, land use restrictions and our tax system has caused such an explosion.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The great battle for walkable cities that prioritise cyclists and pedestrians over cars has only just begun. In this battle, Waka Kotahi is a key player in deciding how this battle plays out. In this week's episode, Bernard Hickey talks to Waka Kotahi's urban mobile manager Kathryn King to find out how mode shift might be allowed, or made to happen. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bernard Hickey dives deep into the demand and supply factors behind our endemic housing shortages with Kiwibank economist Jeremy Couchman, including what they might mean for house prices. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Reserve Bank Governor has just returned from the hottest and most important annual get together of central bankers at Jackson Hole in Wyoming. He found a bunch of Governors hunkered down and under attack because inflation blew past their targets this year. He talks exclusively to Bernard Hickey about what has changed permanently in the workings of the global economy that is slowing growth and increasing inflation, and why we should care here in Aotearoa. Learn more about your ad choices. Visit megaphone.fm/adchoices

Revenue Minister David Parker steered the government into a political minefield this week with his extension of GST to all KiwiSaver fees that was gone by lunchtime within a day. Bernard Hickey talks with tax expert and historian Terry Baucher about why this epic fail pales in comparison to another from 33 years ago when Labour’s David Caygill failed to introduce a Capital Gains Tax to match our ‘perfect’ GST and income tax systems. Learn more about your ad choices. Visit megaphone.fm/adchoices

Former PM and finance minister Sir Bill English is the intellectual driving force behind the new government’s plans for the country's biggest landlord. He tells Bernard why a full accounting of its running costs may prove to be too rich for the government. Learn more about your ad choices. Visit megaphone.fm/adchoices

The "official" economists in Wellington went hunting for the true culprit behind Aotearoa’s house prices and rents being the most expensive in the world – but perhaps the biggest culprit is the government itself. With Wellington gaslighting the councils, now the finger of blame may be turning back in its direction. In this week's episode, Bernard Hickey talks to Hamilton mayor Paula Southgate about the funding infrastructure and challenges, as well as why not enough land was opened up, to then be sold. Learn more about your ad choices. Visit megaphone.fm/adchoices

Electricity is something we can't live without at this stage in global growth – but with expensive renewable supply, how do users and the industry match the demand? In this week's episode, Bernard Hickey speaks with Octopus Energy's Margaret Cooney about possible solutions to shift away from expensive peaks, and how an obscure law change might unleash a surge of retail competition, all in the hopes of calming our collective low battery anxiety. Learn more about your ad choices. Visit megaphone.fm/adchoices

If climate change projections make their way to Land Information Memorandums, owners of coastal properties may find themselves struggling to stay afloat long before waves start lapping at their door. Vulnerable properties will become uninsurable causing banks to withhold lending – suddenly passing on that slice of hot potato paradise will be near impossible. This week James Shaw joins Bernard Hickey to talk about the real meaning of climate change adaptation and who's responsible for funding infrastructure that will mitigate the effects of climate change. Learn more about your ad choices. Visit megaphone.fm/adchoices

Imagine living in a society where details about everyone’s earnings and taxes are publicly available. With a gender pay gap of just 4%, Norway has operated under this system of pay transparency since the 1800s and some argue it’s time for a similar approach in Aotearoa. Join Bernard Hickey as he talks to AUT Professor Gail Pacheco, who heads the NZ Work Research Institute, about whether pay transparency is the answer to help address our pay equity gaps for women, Māori and Pasifika. Learn more about your ad choices. Visit megaphone.fm/adchoices

Half-price bus and train fares are good, but wouldn’t completely free fares be even better? Bernard Hickey talks to transport and urban planning academic Jen McArthur about the economics and the politics of free public transport. He even discovers some positives that make the idea more attractive to the usual opponents. Learn more about your ad choices. Visit megaphone.fm/adchoices

Businesses, hospitals and the opposition are pleading for a loosening of migrant worker restrictions to ease the intense labour shortages that are forcing cancellations and jury-rigged services up and down the motu. Bernard Hickey sits down to interview Productivity Commission chair Ganesh Nana to find out if a migration surge would solve our productivity problem, and why any decision to pull the migration lever must also look to pull the infrastructure investment lever. Learn more about your ad choices. Visit megaphone.fm/adchoices

For decades we've been warned of major slumps that never happened, but the Reserve Bank's new chief economist says this time, it's different. With a history of central bank governors and finance ministers making similar predictions that never came to pass, listen as Bernard Hickey challenges Paul Conway's view that the housing market’s ever-upward tide may be turning. Learn more about your ad choices. Visit megaphone.fm/adchoices

Why do so few of our small businesses make the leap to become bigger, faster-growing engine rooms for economic growth and higher wages? Curiously, Aotearoa also has a long tail of older business owners that are comfortable bumbling along with sub-scale firms that would do better with bigger and more ambitious owners. This week Bernard Hickey talks to ABC Business Sales MD Chris Small about why so many business owners won’t jump up, or out, and why it’s holding back the nation as a whole. Learn more about your ad choices. Visit megaphone.fm/adchoices

The employment landscape currently favours workers, yet we’re still reluctant to ask for a pay rise and fear being sacked. Bernard Hickey is joined by AUT professor Jarrod Harr to examine how work culture, pay, conditions and the power relationships between employers and employees have been transformed by the pandemic and try to figure out why workers still feel insecure and what employers can do to combat the great resignation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bernard Hickey goes hunting for the Reserve Bank’s first rate cut in a discussion with Kiwibank economist Sabrina Delgado. It was supposed to be this year, especially now that the economy appears mired in a multi-dip recession with higher unemployment - but sticky local inflation has held the RBNZ back. Now, however, it is forecasting a rate cut in August 2025 at the earliest. Sabrina explains why she disagrees, why the central bank should be able to cut as early as November, and what that’ll mean for the housing market. Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s hitting food, petrol, rent, shipping and wages, but inflation hasn’t touched the housing market. Bernard is joined by Kiwibank economist Mary-Jo Vergara to unpack the surprisingly big and long spike of inflation that is cascading into every aspect of our day-to-day lives. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bernard Hickey (When The Facts Change; parliament studio) and Toby Manhire (Gone By Lunchtime; Auckland studio) join forces for a budget reaction crossover special. Learn more about your ad choices. Visit megaphone.fm/adchoices

Inflation has become the thief in our wallets for the first time in a generation and there are plenty of culprits to blame. The Ukraine War, supply chain disruptions and US$10t of money printing are the first and most obvious cabs off the rank, but there's a new and more insidious source of inflation developing: automatic inflation. These annual CPI-linked price increases from a range of companies, utilities, government departments and regulated services are fine when inflation is "normal" and stable around 2%, but this year’s 6% increases are turning into a nasty feedback loop of inflationary pressure that will hurt those on the lowest disposable incomes the hardest. Bernard Hickey goes on the hunt for these inflation robots in this last episode of this season of When The Facts Change. He asks Finance Minister Grant Robertson whether the likes of Chorus should lift its prices in line with inflation and finds out from Paul Fuge, who manages Powerswitch.org.nz for Consumer NZ, how electricity companies are pushing through increased rates amid a confusing welter of regulatory changes. Learn more about your ad choices. Visit megaphone.fm/adchoices

In December 2021 the government made changes to the Credit Contracts and Consumer Finance Act that were designed to protect borrowers – but had consequences that saw reports of people being rejected for lending because they had takeaways too often, had too many streaming subscriptions, and even because they made regular investments. Earlier this month, the Minister for Commerce and Consumer Affairs, David Parker announced that the Government plans to make further changes to the CCCFA to help avoid these unintended outcomes. To understand where we are at with bank lending – and what the changes are designed to achieve – Jo Kupa, Kiwibank Mortgage Area Manager and Madeleine Allen, Mobile Mortgage Manager for Kiwibank joined The Spinoff’s Simon Day on the monthly bonus episode of When The Facts Change, brought to you by The Spinoff Podcast Network together with Kiwibank. Learn more about your ad choices. Visit megaphone.fm/adchoices

The government’s decision to cut fuel taxes this week highlights just how hard it is for politicians and voters to deal with short sharp shocks to the system. The ‘lizard brain’ part of our body politic has evolved to recoil from a petrol price shock, but this type of ‘thinking fast’ will need to be replaced with ‘thinking slow’ if we are to engineer a just transition to carbon zero. To find out more, Bernard talks to political scientist Bronwyn Hayward, environmental sociologist and public health researcher Kirsty Wild and economist Rosie Collins about how to replace thinking fast with thinking slow in our climate change actions. Learn more about your ad choices. Visit megaphone.fm/adchoices