The Mike Hosking Breakfast

Let this be a lesson to all those who argue against the simple truism that the market, most of the time, tends to be right.
Moana Pasifika are in liquidation, the vote was held and the story ends here.
The trouble is the taxpayer footed a lot of the bill and the money is gone, flushed down an ideological toilet.
If the idea was such a sensational one, someone actually using their own money would have thought of it and further put it into practice.
But the idea wasn't a sensational one. It was an artificial one propped up with other people's money.
The most immediate alarm bells should be ringing in the NRL with their PNG venture.
Having been handed millions by the Australian Government, players will live in a compound because it's too unsafe not to, and their pay will be artificially jacked up by tax treatment. Otherwise, if it wasn't, no one would want to play in PNG.
Gosh I wonder why.
The fact this harebrained idea has got as far as it has actually defies what is going on elsewhere in the sport, which is good. And what else it defies is belief.
But back to Moana Pasifika, it was taxpayers’ money through a series of very, very loosely connected organisations to sport i.e. a medical group who, if you join some dots, you can argue if you run around you might be a bit fitter and then not end up dying young. That sort of logic. Anyway, a medical group who ended up in charge of a professional sports team who didn't really attract a crowd and didn't really turn out to be that good.
Which is one of the great ironies – young Pacific kids were supposed to see their heroes and be inspired to be fit and play sport. You know what inspires kids? Winners. You’ve got to win.
And those kids could see their heroes anyway in the Crusaders, the Chiefs, the Hurricanes, the Highlanders, and the Blues.
No one ever watched Lomu or Jones and wondered aloud to themselves, "wouldn't it be cool if they had their own, local team?"
So it ends in liquidation, a bad idea, with easy money, not properly executed and ending in the poor house.
In a world where successful sport is all around us, why would you try and gerrymander it in such an amateurish fashion?
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A Former Finance Minister expects this year's Budget to invest in health, education, and defence – with cuts elsewhere.
Budget 2026 is being unveiled tomorrow, opening up the Government's books and detailing when a return to surplus is possible.
Steven Joyce told Mike Hosking re-prioritisation is the story of the week, and he's backing further cost-savings in the public sector.
The Government aims to cut around 8,700 jobs in the public service by mid-2029, with savings set to be re-invested.
Joyce told Hosking we've had an increase in public servants since 2017, but outcomes aren't significantly better.
He says many believe it has just increased the churn, and number of meetings.
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A Government agency's confident its multi-million-dollar fuel saving campaign is working.
The Energy Efficiency and Conservation Authority has spent more than $3.5 million on ads encouraging people to drive smoothly and check tyre pressure.
It estimates an average fuel reduction of more than two million litres of petrol a week, saving consumers more than $7 million.
Chief Executive Dr Marcos Pelenur told Mike Hosking that while people may have already known some of the tips they shared, the campaign hopefully worked as a good reminder.
He says that the fuel price obviously acts as the price signal, but what this does is tell people how to react to that signal.
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On the Mike Hosking Breakfast Full Show Podcast for Wednesday 27th of May, our attention is on the economy with Kelly Eckhold previews today’s OCR announcement while Steven Joyce looks ahead to the Budget.
How much do you think was spent on telling people to take off roof racks and make sure your tyres are pumped up to save on fuel?
And on Politics Wednesday, Ginny Andersen and Mark Mitchell talk the Labour leaks, accommodation entitlements for MPs, and the Ombudsman looking at the PM's office.
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.
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There’s debate over housing entitlements after it was revealed National's Louise Upston claims allowances for a home she already owns.
MPs needing semi-permanent accommodation in Wellington can access up to $52 thousand a year.
National's Mark Mitchell told Mike Hosking it is an entitlement, because MPs have to stay in the capital.
Labour's Ginny Andersen told Mike Hosking there's certainly room for a discussion.
She says much of this is hard for many Kiwis to stomach when there's a cost of living crisis going on.
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