WEBVTT - Credlin | 9 July

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<v Speaker 1>Pedo Kredlin live on Sky News Australia.

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<v Speaker 2>Well, good evening and welcome to the show. I'm Jamie

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<v Speaker 2>Rogers filling in for Peter Kredlin. Here's what's coming up

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<v Speaker 2>on Credlin. Australia signs a landmark uranium deal with India,

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<v Speaker 2>helping fuel their nuclear vision for the future. So why

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<v Speaker 2>is nuclear still off the table here at home? Plus,

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<v Speaker 2>house prices in Sydney and Melbourne continue to plummet, the

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<v Speaker 2>fastest fall since twenty twenty two, but warnings today the

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<v Speaker 2>worst is yet to come. Telstra under pressure over the

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<v Speaker 2>outage it says was caused by a software defect, So

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<v Speaker 2>what guarantees do we have that it won't happen again?

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<v Speaker 2>And President Donald Trump has reportedly given approval for Ukraine

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<v Speaker 2>to build Patriot air defense systems. What does this mean

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<v Speaker 2>for Vladimir Putin? Australia will help power India's future thanks

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<v Speaker 2>to a landmark uranium agreement between the two nations.

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<v Speaker 3>The arrangement facilitates Australian uranium exports to India to help

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<v Speaker 3>increase the share of non fossil fuel power capacity, providing

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<v Speaker 3>an additional market for the Australian resources sector.

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<v Speaker 2>India wants to increase their nuclear generation from just eight

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<v Speaker 2>gigawatts today to one hundred gigawatts by twenty forty seven. Why,

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<v Speaker 2>Because India understands something Australia seems determined to ignore. Reliable,

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<v Speaker 2>affordable energy isn't just about keeping the lights on. It's

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<v Speaker 2>the foundation of economic growth, powers manufacturing, AI and data centers.

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<v Speaker 2>It attracts investment and boosts productivity. Tania Constable from the

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<v Speaker 2>Minerals Council Australia said this is an opportunity Australia should

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<v Speaker 2>be seizing. She said, this deal is a big step

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<v Speaker 2>forward for Australia.

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<v Speaker 4>It puts us in the box seat.

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<v Speaker 2>To meet India's ambitious goals on nuclear power. It sends

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<v Speaker 2>a strong clear message that Australian uranium and Australian mining

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<v Speaker 2>is of great strategic importance to India. Australia will fuel

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<v Speaker 2>India's nuclear future, yet here at home, we still have

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<v Speaker 2>a legislated ban on nuclear power. Australia has almost one

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<v Speaker 2>third of the world's known uranium reserves, but mining bans

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<v Speaker 2>across most of the country mean we are leaving a

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<v Speaker 2>huge economic opportunity in the ground.

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<v Speaker 4>According to MCA data.

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<v Speaker 2>Australia generated one point two billion dollars in export earnings

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<v Speaker 2>from uranium in twenty three to twenty four, and many

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<v Speaker 2>Australian uranium miners have significant operations overseas in places like Africa.

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<v Speaker 4>So here's the question.

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<v Speaker 2>If Australian uranium is good enough to power India, why

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<v Speaker 2>isn't it good enough to power Australia. The contradiction is

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<v Speaker 2>impossible to ignore. We are happy for other countries to

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<v Speaker 2>strengthen their economies and improve their energy security.

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<v Speaker 5>Nuclear is not an answer for Australia. Any time when

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<v Speaker 5>we have such cheap and abundant renewables we can harness

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<v Speaker 5>with the right policy approaches. Nuclear is the slowest form

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<v Speaker 5>of energy to build, the most expensive. Now I would

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<v Speaker 5>rather go with the fastest form of energy to build

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<v Speaker 5>and the cheapness. That's a difference.

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<v Speaker 2>Nuclear isn't right for Australia. This is at a time

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<v Speaker 2>when we are facing energy poverty. We're helping other countries

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<v Speaker 2>with a resource that we're not prepared to use ourselves.

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<v Speaker 6>You know that I believe in nuclear energy. It's been

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<v Speaker 6>proven that it works in many countries like France. It's

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<v Speaker 6>about seventy personality nuclear. This is where I live at

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<v Speaker 6>the moment. Nuclear should be considered by Australia.

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<v Speaker 7>We have a lot of union, we have the capability

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<v Speaker 7>we were not, We have skills, have offers now. But

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<v Speaker 7>nuclear is really one of the very skey is not

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<v Speaker 7>the only zero emission sources that run regardless or weather.

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<v Speaker 2>And there is another reason this meeting between India and

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<v Speaker 2>Australia is so important. Prime Minister Modi will also have

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<v Speaker 2>access to Australia's critical minerals and rare earths. And these

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<v Speaker 2>are the minerals that power the modern economy for things

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<v Speaker 2>like military technology, electric vehicles, wind turbine, smartphones and AI.

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<v Speaker 2>They're becoming some of the most strategically important resources on Earth,

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<v Speaker 2>and right now, China dominates that market. It controls around

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<v Speaker 2>sixty percent of global rare earth mining and ninety percent

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<v Speaker 2>of processing. Australia has an opportunity to encourage countries to

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<v Speaker 2>bypass China and come to us instead, not just to

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<v Speaker 2>dig these resources out of the ground, but to process them,

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<v Speaker 2>manufacture them, create jobs from them, build new industries around them.

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<v Speaker 2>That's why today's announcement matters around the world. Countries are

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<v Speaker 2>moving in one direction. India is dramatically expanding nuclear. The

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<v Speaker 2>United States and Britain are both investing in nuclear, yet

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<v Speaker 2>Australia continues to ban it. Opposition leader Angus Taylor says

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<v Speaker 2>it's time Australia started using one of its greatest natural advantages.

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<v Speaker 8>Uranium, as I say, as I've always said, is a

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<v Speaker 8>huge part of our mineral production and experts in this

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<v Speaker 8>country and it should continue to be. And I'd like

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<v Speaker 8>to see some of our uranium used in Australia, which

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<v Speaker 8>it hasn't been, but.

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<v Speaker 9>It should be in the future.

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<v Speaker 4>And that's the question.

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<v Speaker 2>If the rest of the world sees Australian uranium as

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<v Speaker 2>part of its future, why don't we. The Treasurer said

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<v Speaker 2>rents go up a couple of dollars, That was the

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<v Speaker 2>claim after the budget changed negative gearing and capital gains tax.

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<v Speaker 4>Well tell that to renters.

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<v Speaker 2>New data shows average house rents in Sydney jumped fifty

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<v Speaker 2>dollars a week in just three months. That's two six

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<v Speaker 2>hundred dollars more a year, and unit rents are up

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<v Speaker 2>thirty dollars a week. The average weekly house rent in

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<v Speaker 2>Sydney is now at a record eight hundred and fifty dollars,

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<v Speaker 2>so much for just a couple of bucks.

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<v Speaker 10>Tax changes we think will have a very modest impact

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<v Speaker 10>on rents, a couple of bucks a week.

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<v Speaker 1>The budget means more homes, and more homes puts downward

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<v Speaker 1>pressure on rents.

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<v Speaker 2>So the Treasure is right about one thing. More homes

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<v Speaker 2>put downward pressure on rents. But that's the problem. We

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<v Speaker 2>don't have more homes, and when there are fewer homes,

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<v Speaker 2>rents goer. That's not complicated economics, and too often it

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<v Speaker 2>feels like the people making these decisions just aren't living

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<v Speaker 2>in the real world.

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<v Speaker 9>The main reason rents have gone up in Sydney over

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<v Speaker 9>the last six months, I think, is because the market

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<v Speaker 9>has tightened. The vacancy rate this time last year was

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<v Speaker 9>about one point five percent according to SQM Research. It

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<v Speaker 9>fell during the JOm quarter to less than one point

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<v Speaker 9>four percent. And while that's a relatively small change when

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<v Speaker 9>the vacancy rate is under two percent. So property people

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<v Speaker 9>and others say the market power rests with landlords and

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<v Speaker 9>they set the rent at whatever the market will bear.

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<v Speaker 2>So that's the market Australia was already facing. But here's

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<v Speaker 2>the crucial point. The budget didn't create the housing shortage,

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<v Speaker 2>it's making it worse. Aria Group economist and Flannery put

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<v Speaker 2>it simply.

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<v Speaker 11>It's still too soon to see the impact on the

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<v Speaker 11>rental market now. I think that even without the budget,

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<v Speaker 11>rents are on track to increase. With the budget, the

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<v Speaker 11>rate which rents are going to increase over the coming

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<v Speaker 11>years will be higher because of course it's going to

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<v Speaker 11>be less invested participation in the market than they otherwise

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<v Speaker 11>would be.

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<v Speaker 2>And that's the concern. The rental market was already tight.

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<v Speaker 2>The budget risks making it worse.

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<v Speaker 12>The reality of the budget is that will put up rents.

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<v Speaker 12>Investors are going to demand higher rents now to compensate

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<v Speaker 12>for the loss of negative gearing benefits capital gains benefits.

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<v Speaker 12>So I think the impact from the budget on rents

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<v Speaker 12>is still to be seen. And I think it's said,

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<v Speaker 12>you know, it's obvious that rents are going to go

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<v Speaker 12>higher than what we've seen.

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<v Speaker 2>Already because this isn't happening in isolation. Two hundred and

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<v Speaker 2>seventy five thousand new homes must be built each year

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<v Speaker 2>to reach the one point two million target the government

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<v Speaker 2>has set. Now, data shows in the twelve months to

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<v Speaker 2>March of this year, Australia's annual rate of home completions

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<v Speaker 2>was one hundred and seventy four thousand, so we aren't

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<v Speaker 2>even close. And compare that to the current annual rate

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<v Speaker 2>of migration, which sits at more than three hundred thousand.

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<v Speaker 2>And all these people need somewhere to live. The government

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<v Speaker 2>refuses to address the supply equation, as if ignoring it

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<v Speaker 2>makes it less real. The Treasurer said rents would rise

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<v Speaker 2>by a couple of dollars and unless the government gets

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<v Speaker 2>serious about supply, migration, investment and construction, this rental crisis

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<v Speaker 2>is just the beginning. Well, let's head to Camber Now

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<v Speaker 2>for tonight's political headlines with Sky News political reporter Ruben Spargo.

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<v Speaker 13>Good evening, India's Prime Minister and Anthony Alberizi are meeting

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<v Speaker 13>in Melbourne, Nearentromodi's visit is advancing a multi billion dollar

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<v Speaker 13>trade in Australian uranium to help meet India's growing energy needs.

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<v Speaker 13>New Delhi is giving assurances that the fuel will not

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<v Speaker 13>be weaponized. The leaders are also expected to strengthen bilateral

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<v Speaker 13>defense cooperate.

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<v Speaker 3>Australia's relationship with India has never been more consequential than

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<v Speaker 3>it is today. Our partnership has never been stronger.

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<v Speaker 13>Australia's Indian diaspora is tonight gathering at Marvel Stadium for

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<v Speaker 13>a glimpse of Narendramodi. More than six hundred calls failed

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<v Speaker 13>to connect to Triple zero during Telstra's nationwide outage. A

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<v Speaker 13>secondary technical issue caused delays across transport networks. Today Telstra

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<v Speaker 13>is promising a full investigation into the glitch.

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<v Speaker 1>I want to again apologize for the disruption these issues

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<v Speaker 1>have cause to our customers and to.

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<v Speaker 9>The broader community.

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<v Speaker 1>We know how important it is to stay connected and

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<v Speaker 1>we take this responsibility very seriously.

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<v Speaker 13>Telstra's chief executive is returning from a family holiday tomorrow morning.

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<v Speaker 2>Well, the fallout from the nationwide outage continues to be

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<v Speaker 2>felt from small businesses to the hallways of Parliament House.

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<v Speaker 2>Here to discuss this and plenty more news of the day.

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<v Speaker 2>Sky News contributor Kalli kats and Bars and Federal Liberal

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<v Speaker 2>Member for Barker Tony Passen, welcome to you both. A

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<v Speaker 2>lot of blame shifting here from the government. There was

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<v Speaker 2>also that political spin with the attack on Sarah Henderson.

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<v Speaker 2>She has called on the government to urgently deliver mobile

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<v Speaker 2>network reliability standards. Angus Taylor also spoke about the attack

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<v Speaker 2>on Senator Henderson.

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<v Speaker 4>Here is the.

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<v Speaker 8>Major response from the government to this was to send

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<v Speaker 8>out the spin merchants to get them onto the phone

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<v Speaker 8>to wherever they could.

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<v Speaker 4>So Tony, I will start with you.

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<v Speaker 2>Has the government offered enough transparency here and how can

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<v Speaker 2>we ensure that this won't happen again?

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<v Speaker 14>Nowhere near enough, Jamie. The reality here is this is

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<v Speaker 14>a government that he's always looking to blame someone else

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<v Speaker 14>or to run a distraction operation. This government needs to

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<v Speaker 14>stand up on behalf of Australians and say there weren't

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<v Speaker 14>a sufficient redundancy and resilience in the network. It needs

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<v Speaker 14>to reassure Australians that it is going to ensure that

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<v Speaker 14>the telcos, not just Telstra, but Telstra on this occasion,

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<v Speaker 14>understands its obligations and will meet their obligations, particularly when

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<v Speaker 14>it comes to emergency situations.

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<v Speaker 9>I live in.

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<v Speaker 14>Rural, regional or remote Australia. Regional Australians have no faith

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<v Speaker 14>in the telcost because we live in the world in

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<v Speaker 14>which our mobile phones work occasionally. I think what we're

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<v Speaker 14>seeing now is that lack of resilience and redundancy is

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<v Speaker 14>playing out in metropolitan Australia and it should never be

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<v Speaker 14>playing out in an emergency situation. And the government on

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<v Speaker 14>behalf of all Australian should be standing up and holding

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<v Speaker 14>the telcos Telstra in particular, to account, and instead, I

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<v Speaker 14>think what they're trying to do is not be part

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<v Speaker 14>of the story and leave it for Telstra to be

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<v Speaker 14>kind of taking all the hits. Now, let's hear from

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<v Speaker 14>the government what think I'll do make telsher meet their

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<v Speaker 14>obligations and exceed them.

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<v Speaker 2>Currently, another element of the Telstra outage really impacted regional

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<v Speaker 2>commuters and in Victoria they endured a second day of

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<v Speaker 2>canceled V line services. It certainly highlights the vulnerabilities that

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<v Speaker 2>we all rely on with the system. But you know, Caroly,

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<v Speaker 2>Melbourne is on set to become the largest city in Australia.

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<v Speaker 2>What's the government doing to strengthen the transport network to

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<v Speaker 2>ensure that these errors don't cause more chaos in the future.

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<v Speaker 15>Sadly very little. Then, not a day goes by without

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<v Speaker 15>disruptions to the V line service anyway, So what has

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<v Speaker 15>happened is shocking, of course, the vline service didn't realize

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<v Speaker 15>that they put their faith in Telstra that their whole

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<v Speaker 15>network would grind to a halt because of course they

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<v Speaker 15>were reduced to having to use two ways, but they

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<v Speaker 15>couldn't work out how trains could enter and exit station safely.

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<v Speaker 15>But it also shows you that this is a glaring

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<v Speaker 15>gap in what is being offered, not only in Victoria,

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<v Speaker 15>but there were other cities around Australia that are affected.

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<v Speaker 15>But the whole of Melbourne just ground to a halt.

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<v Speaker 15>And as I said, the basic things, especially here in Victoria,

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<v Speaker 15>are just not being attended to. The population is on

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<v Speaker 15>track for six million people, yet the investment into infrastructure

0:14:25.640 --> 0:14:28.880
<v Speaker 15>in the last few years just hasn't been there and

0:14:29.120 --> 0:14:32.320
<v Speaker 15>the system couldn't cope anyway. And it is absolutely you know,

0:14:32.440 --> 0:14:36.640
<v Speaker 15>it's buckling under the weight of all these frustrations. Commuters,

0:14:36.880 --> 0:14:39.360
<v Speaker 15>no matter what their reason is, they're now one hundreds

0:14:39.360 --> 0:14:41.960
<v Speaker 15>of dollars out of pocket their time. We're just lucky

0:14:41.960 --> 0:14:44.880
<v Speaker 15>that nobody, as far as we know, has lost their

0:14:44.920 --> 0:14:47.760
<v Speaker 15>lives due to this outage. But what I would say

0:14:48.200 --> 0:14:51.560
<v Speaker 15>is that last September we saw the optus outage. This

0:14:51.680 --> 0:14:54.640
<v Speaker 15>time it was Telstra. This should be number one on

0:14:54.840 --> 0:14:58.640
<v Speaker 15>the Communication Minister's list to actually get it fixed and

0:14:58.800 --> 0:15:01.800
<v Speaker 15>ensure that nothing like that this ever happens again, because

0:15:01.800 --> 0:15:05.760
<v Speaker 15>it just exploses the vulnerability of how Australia is. We

0:15:05.880 --> 0:15:08.480
<v Speaker 15>really are becoming like a third world country.

0:15:09.360 --> 0:15:12.680
<v Speaker 2>We really are, and it's incredibly distressing. But Tony, I

0:15:12.680 --> 0:15:15.920
<v Speaker 2>do want to get your thoughts around an alarming story

0:15:15.960 --> 0:15:20.360
<v Speaker 2>today that argues the Albanizi government has helped fuel organized

0:15:20.400 --> 0:15:25.040
<v Speaker 2>crime through the high tobacco Excise and by them abolishing

0:15:25.080 --> 0:15:28.640
<v Speaker 2>the Building and Construction Watchdog. And on top of that,

0:15:29.120 --> 0:15:33.720
<v Speaker 2>this report suggests that support for victorious suburban rail loop

0:15:34.120 --> 0:15:38.240
<v Speaker 2>risks entrenching CFMU linked corruption and warrants a royal commission.

0:15:39.080 --> 0:15:40.480
<v Speaker 2>You know, you do have to look at the tobacco

0:15:40.520 --> 0:15:43.800
<v Speaker 2>walls that are playing out in Melbourne, Businesses going up

0:15:43.840 --> 0:15:47.280
<v Speaker 2>in flames and livelihoods destroyed. Do you think this is

0:15:47.280 --> 0:15:48.680
<v Speaker 2>a result of the excise?

0:15:50.320 --> 0:15:53.520
<v Speaker 14>Well, the exercise is clearly creating an incentive for organized

0:15:53.560 --> 0:15:57.440
<v Speaker 14>crime to involve itself in the illegal bacco trade. You

0:15:57.560 --> 0:16:01.600
<v Speaker 14>mentioned two areas where I think government should be doing

0:16:01.640 --> 0:16:04.960
<v Speaker 14>more in relation to dealing with organized crime and in

0:16:05.000 --> 0:16:11.440
<v Speaker 14>particular the corruption that is becoming endemic sadly, but you

0:16:11.480 --> 0:16:15.920
<v Speaker 14>can add to that, Jamie Ndis, As a former criminal lawyer,

0:16:16.040 --> 0:16:22.040
<v Speaker 14>I know that there are organized crime groups involving themselves

0:16:22.080 --> 0:16:25.600
<v Speaker 14>in that scheme. So where you create the environment where

0:16:25.760 --> 0:16:30.240
<v Speaker 14>there are soft or easy targets or easy money to

0:16:30.240 --> 0:16:34.000
<v Speaker 14>be made, then you are going to see those opportunities

0:16:34.040 --> 0:16:38.800
<v Speaker 14>filled by organized crime. Now, we need to address this

0:16:39.400 --> 0:16:41.760
<v Speaker 14>as a nation, both at the state level in terms

0:16:41.800 --> 0:16:46.200
<v Speaker 14>of better enforcement, but we also need to remove the incentives.

0:16:46.200 --> 0:16:49.880
<v Speaker 14>We need to find ways to make it hard for

0:16:50.120 --> 0:16:55.960
<v Speaker 14>organized crime to profit from their activities. And I'm really

0:16:56.000 --> 0:17:00.000
<v Speaker 14>struggling when I visit local supermarkets as I did today,

0:17:00.120 --> 0:17:03.880
<v Speaker 14>to talk to store managers who tell me tony tobacco

0:17:04.000 --> 0:17:07.960
<v Speaker 14>sales are almost non existent, and we see on Facebook

0:17:08.720 --> 0:17:11.480
<v Speaker 14>that you can go to a car park and access

0:17:11.920 --> 0:17:16.200
<v Speaker 14>these illegal cigarettes. Now, if the local store manager can

0:17:16.280 --> 0:17:21.160
<v Speaker 14>see these Facebook posts, surely the relevant police authorities can

0:17:21.840 --> 0:17:23.879
<v Speaker 14>as well. We need to stamp this out, but we

0:17:23.880 --> 0:17:27.240
<v Speaker 14>also need to think again about the incentives that exist.

0:17:28.200 --> 0:17:29.760
<v Speaker 9>And those incentives.

0:17:29.200 --> 0:17:33.800
<v Speaker 14>Are created by the very significant difference between the taxes

0:17:33.840 --> 0:17:37.600
<v Speaker 14>paid on legitimate cigarettes and no tax at all, and

0:17:38.080 --> 0:17:41.520
<v Speaker 14>that environment is allowing organized crime to funish and they

0:17:41.520 --> 0:17:44.800
<v Speaker 14>are the other consequences that flow from that, the likes

0:17:44.800 --> 0:17:48.760
<v Speaker 14>of which you talked about, violence, property lost, the inability

0:17:48.800 --> 0:17:52.720
<v Speaker 14>of landlords to ensure properties, et cetera, et cetera. Not

0:17:52.840 --> 0:17:57.800
<v Speaker 14>to mention it's harming legitimate businesses who go about meeting

0:17:57.840 --> 0:18:04.200
<v Speaker 14>all the requirements, employ people and our part and parcel

0:18:04.400 --> 0:18:06.800
<v Speaker 14>of our community, and we want them to survive. All

0:18:06.880 --> 0:18:07.800
<v Speaker 14>that's being under my.

0:18:07.760 --> 0:18:11.280
<v Speaker 2>Mind, Caroly, Before I let you go, I do want

0:18:11.280 --> 0:18:14.399
<v Speaker 2>to get your thoughts on a deeply disturbing summary of

0:18:14.400 --> 0:18:16.760
<v Speaker 2>the state of anti Semitism in Australia now.

0:18:16.800 --> 0:18:17.800
<v Speaker 4>And this came from HELLEL.

0:18:17.960 --> 0:18:22.159
<v Speaker 2>Newman, Israel's ambassador to Australia, and he said in The

0:18:22.200 --> 0:18:25.480
<v Speaker 2>Australian Today, throughout my twenty six year career as an

0:18:25.560 --> 0:18:29.080
<v Speaker 2>Israeli diplomat, I have never seen such levels of hatred

0:18:29.119 --> 0:18:33.080
<v Speaker 2>of Israel and of Jews as I experience and witness

0:18:33.160 --> 0:18:37.040
<v Speaker 2>here in Australia. And I just think, with what we've

0:18:37.040 --> 0:18:40.720
<v Speaker 2>seen on the streets of Australian cities, this is just

0:18:41.760 --> 0:18:43.359
<v Speaker 2>I look at them and I think, how on earth

0:18:43.359 --> 0:18:44.200
<v Speaker 2>did we get here?

0:18:44.480 --> 0:18:49.520
<v Speaker 4>How has Australia become this place? Well, look, we got here.

0:18:49.680 --> 0:18:52.600
<v Speaker 15>I do have to say twenty twenty three when it happened.

0:18:53.000 --> 0:18:55.240
<v Speaker 15>We all saw what happened on the steps of the

0:18:55.280 --> 0:18:58.520
<v Speaker 15>Sydney Opera House. Whether it was gas the Jews or

0:18:58.560 --> 0:19:01.840
<v Speaker 15>where are the Jews? It was no condemnation made by

0:19:01.840 --> 0:19:05.119
<v Speaker 15>the Prime Minister. Then there was the visit by Foreign

0:19:05.119 --> 0:19:10.040
<v Speaker 15>Minister Pennywong to Israel. She didn't even go to the site.

0:19:10.160 --> 0:19:14.360
<v Speaker 15>That's unheard of for a foreign minister. Again no condemnation.

0:19:15.000 --> 0:19:18.600
<v Speaker 15>Then we had the recognition of Palestine where Albanesi and

0:19:18.640 --> 0:19:22.040
<v Speaker 15>Pennywong decided to do that, flying in the face of

0:19:22.040 --> 0:19:25.840
<v Speaker 15>official advice as well. Trump said it, everybody did. It's

0:19:25.880 --> 0:19:28.840
<v Speaker 15>sort of like this green light thing that happens. Then

0:19:28.880 --> 0:19:32.720
<v Speaker 15>there was the Bondai massacre and again yes, this token thing.

0:19:33.080 --> 0:19:35.760
<v Speaker 15>I commented at the time on Peter's show that it

0:19:35.840 --> 0:19:39.520
<v Speaker 15>was disgusting that Albanesi went to the Bondai pavilion holding

0:19:39.560 --> 0:19:41.760
<v Speaker 15>a bunch of flowers that look like they've been picked

0:19:41.840 --> 0:19:44.320
<v Speaker 15>up on the way from Aldi didn't even wear a

0:19:44.440 --> 0:19:48.000
<v Speaker 15>yalmuka or a kipper on his head as actually as

0:19:48.040 --> 0:19:51.879
<v Speaker 15>actually showing respect. And nothing has been condemned because it

0:19:51.920 --> 0:19:55.400
<v Speaker 15>sounds awful to say, but Jewish people have a massive

0:19:55.480 --> 0:19:58.800
<v Speaker 15>connection to the land. They're one of the oldest races

0:19:58.840 --> 0:20:02.240
<v Speaker 15>in history. And when we keep having the thing with

0:20:02.440 --> 0:20:05.520
<v Speaker 15>Gillian Siegel's anti Semitism. She's the committe you know, she's

0:20:05.560 --> 0:20:09.200
<v Speaker 15>the envoy. She's suggested all these things. They say they'll

0:20:09.200 --> 0:20:12.440
<v Speaker 15>be implemented, but there isn't. There's always a tacit thing.

0:20:12.720 --> 0:20:15.119
<v Speaker 15>Now there are teachers saying, oh, we can't teach the

0:20:15.119 --> 0:20:17.320
<v Speaker 15>Holocaust because we don't know how to do it with

0:20:17.359 --> 0:20:20.639
<v Speaker 15>the backdrop in the Middle East. I mean, Israel is

0:20:20.680 --> 0:20:24.280
<v Speaker 15>a Western democracy. It's all about fighting for the West,

0:20:24.560 --> 0:20:27.200
<v Speaker 15>and it's just disgraceful. And I can say the ABC

0:20:27.359 --> 0:20:31.680
<v Speaker 15>is a national broadcaster, yet again more mistakes. We've had

0:20:31.760 --> 0:20:35.280
<v Speaker 15>gunshots added because editors didn't know what to do. We've

0:20:35.280 --> 0:20:38.600
<v Speaker 15>had the incorrect reporting on George Pell they didn't know

0:20:39.040 --> 0:20:42.639
<v Speaker 15>with this testimony by Gavin Fang, they knew about it,

0:20:42.720 --> 0:20:47.120
<v Speaker 15>yet they still didn't correct it until the advice shown them.

0:20:47.359 --> 0:20:51.480
<v Speaker 15>We have a national broadcaster that actually barracks against Australia

0:20:51.880 --> 0:20:56.040
<v Speaker 15>and it's disgraceful and the true irony. I think Australia

0:20:56.119 --> 0:20:59.520
<v Speaker 15>was the second country in the world to recognize the

0:20:59.640 --> 0:21:04.199
<v Speaker 15>legitition democratic state of Israel. Those people that know their

0:21:04.320 --> 0:21:08.119
<v Speaker 15>history know that Israel has always been supportive of a

0:21:08.160 --> 0:21:11.800
<v Speaker 15>two state solution. But when you're dealing with terrorists, and

0:21:11.840 --> 0:21:14.080
<v Speaker 15>when you're dealing with people that just want to wipe

0:21:14.160 --> 0:21:18.040
<v Speaker 15>a democratic country off the map, doesn't leave much chance.

0:21:18.359 --> 0:21:22.440
<v Speaker 15>And all it is it's about getting Western Sydney votes.

0:21:23.760 --> 0:21:26.480
<v Speaker 4>Well, Caroly and Tony, I will leave it there, thank

0:21:26.560 --> 0:21:27.800
<v Speaker 4>you all.

0:21:27.880 --> 0:21:30.600
<v Speaker 2>Right, after the break, we dig back into the landmark

0:21:30.760 --> 0:21:34.680
<v Speaker 2>uranium deal between Australia and India. What does that mean

0:21:34.840 --> 0:21:39.159
<v Speaker 2>for our nation and why it points out Labour's nuclear hypocrisy.

0:21:44.320 --> 0:21:47.679
<v Speaker 2>Welcome back, It's great to have your company. Coming up,

0:21:47.720 --> 0:21:50.200
<v Speaker 2>we take a closer look at the state of Australia's

0:21:50.240 --> 0:21:54.119
<v Speaker 2>property market, with auction results continuing to drop off amid

0:21:54.160 --> 0:21:58.200
<v Speaker 2>warnings it's just the beginning. But now India is rapidly

0:21:58.240 --> 0:22:02.159
<v Speaker 2>expanding its nuclear industry and Australia has just signed a

0:22:02.200 --> 0:22:05.920
<v Speaker 2>major uranium export deal to help fuel that growth. Yet

0:22:05.920 --> 0:22:10.439
<v Speaker 2>here at home, nuclear power remains banned, despite Australians helping

0:22:10.480 --> 0:22:14.920
<v Speaker 2>to develop some of the world's most advanced reactor technology overseas.

0:22:15.480 --> 0:22:18.240
<v Speaker 2>At the same time, new figures show the Greens accepted

0:22:18.320 --> 0:22:23.200
<v Speaker 2>significant donations from unions, raising fresh questions about whether there's

0:22:23.359 --> 0:22:26.280
<v Speaker 2>one rule for the Greens and another for everyone else.

0:22:26.840 --> 0:22:30.040
<v Speaker 2>Let's bring in now Environment editor at The Australian Graham

0:22:30.119 --> 0:22:31.160
<v Speaker 2>Lloyd Graham.

0:22:31.359 --> 0:22:31.840
<v Speaker 4>Welcome.

0:22:32.800 --> 0:22:36.960
<v Speaker 2>Let's start with the uranium export deal with India and Australia.

0:22:37.680 --> 0:22:41.320
<v Speaker 2>Many countries around the world are moving towards nuclear energy,

0:22:41.400 --> 0:22:45.520
<v Speaker 2>but we are stuck on this renewable only path. Do

0:22:45.600 --> 0:22:47.920
<v Speaker 2>you think a deal like this will make the government

0:22:48.480 --> 0:22:54.400
<v Speaker 2>consider at least overturning the moratorium.

0:22:52.760 --> 0:22:56.960
<v Speaker 16>Britny Jamie Well, Unfortunately, Australia still seems to be stuck

0:22:57.000 --> 0:23:01.159
<v Speaker 16>in this ideological loop on the is shue of nuclear energy,

0:23:01.160 --> 0:23:03.840
<v Speaker 16>and the comments from Chris Byron at the top of

0:23:03.880 --> 0:23:07.399
<v Speaker 16>the show indicated that he's in Nomu to change his mind,

0:23:07.720 --> 0:23:10.320
<v Speaker 16>which is a big shame because if you look at

0:23:10.359 --> 0:23:14.400
<v Speaker 16>the substance of the India deal, it really grows out

0:23:14.400 --> 0:23:17.440
<v Speaker 16>of an agreement that was negotiated and signed by Tony

0:23:17.480 --> 0:23:20.480
<v Speaker 16>Abbott ten years ago. We've been sorting out all the

0:23:20.520 --> 0:23:25.000
<v Speaker 16>issues about not using uranium for military purposes and now

0:23:25.119 --> 0:23:30.520
<v Speaker 16>we're really backing their energy system with nuclear. They have

0:23:30.720 --> 0:23:35.160
<v Speaker 16>plans to increase their nuclear energy over the next twenty

0:23:35.240 --> 0:23:38.679
<v Speaker 16>years to the equivalent of one third of Australia's total

0:23:38.800 --> 0:23:43.000
<v Speaker 16>energy consumption in electricity, and it'll play the role that

0:23:43.080 --> 0:23:45.439
<v Speaker 16>Cole plays here. They'll have a lot of solar and

0:23:45.480 --> 0:23:48.720
<v Speaker 16>wind and other things, but the nuclear will always be

0:23:48.760 --> 0:23:52.280
<v Speaker 16>there to back it up. And surely there's a lesson

0:23:52.320 --> 0:23:55.600
<v Speaker 16>there for Australia. It's emissions free and it's what the

0:23:55.640 --> 0:23:56.280
<v Speaker 16>world's doming.

0:23:57.160 --> 0:24:01.040
<v Speaker 2>How important is the critical minerals of this deal?

0:24:02.359 --> 0:24:08.320
<v Speaker 16>Well, the deal we've done with India really solidifies if

0:24:08.320 --> 0:24:12.879
<v Speaker 16>you like our relationship as opposed to what's going on

0:24:12.960 --> 0:24:16.760
<v Speaker 16>with China. The world is at the moment really held

0:24:16.800 --> 0:24:22.200
<v Speaker 16>hostage by China in terms of supply of critical minerals.

0:24:22.960 --> 0:24:25.760
<v Speaker 16>The rest of the world, the United States, India, Australia,

0:24:25.840 --> 0:24:30.400
<v Speaker 16>Europe are trying to build an alternate supply. India has

0:24:30.600 --> 0:24:34.639
<v Speaker 16>really come on board with that non China capacity and

0:24:34.680 --> 0:24:35.480
<v Speaker 16>that's a good thing.

0:24:36.720 --> 0:24:37.160
<v Speaker 4>Graham.

0:24:37.359 --> 0:24:41.600
<v Speaker 2>The Greens are always very vocal about political donations of

0:24:41.680 --> 0:24:45.240
<v Speaker 2>other parties, but I was just reading a report that

0:24:45.400 --> 0:24:50.640
<v Speaker 2>shows that they have received a large donation from unions themselves.

0:24:51.080 --> 0:24:52.800
<v Speaker 4>What can you tell us about this.

0:24:53.320 --> 0:24:56.200
<v Speaker 16>Well, this is an interesting thing on a couple of levels.

0:24:56.200 --> 0:24:59.199
<v Speaker 16>As you say, the Greens are always berating others for

0:24:59.400 --> 0:25:03.000
<v Speaker 16>taking large political donations, and here we have a single

0:25:03.160 --> 0:25:08.240
<v Speaker 16>union group, the electrical trades groups. They've given the Greens

0:25:08.280 --> 0:25:14.440
<v Speaker 16>six hundred thousand dollars that was reported in the last declarations.

0:25:14.440 --> 0:25:18.760
<v Speaker 16>It's the biggest donation to the Greens and it really

0:25:18.800 --> 0:25:21.600
<v Speaker 16>comes at a time when the Greens have sort of

0:25:21.640 --> 0:25:24.800
<v Speaker 16>moved away from what they used to stand for, which

0:25:24.880 --> 0:25:27.879
<v Speaker 16>was the environment, and they're taking a lot more hard.

0:25:27.720 --> 0:25:29.879
<v Speaker 9>Left positions on things.

0:25:30.560 --> 0:25:35.600
<v Speaker 16>They even campaigned before the last election in Brisbane in

0:25:35.680 --> 0:25:40.880
<v Speaker 16>support of the CFMEU, which is a bedfellow for the ETU,

0:25:41.440 --> 0:25:43.920
<v Speaker 16>So it goes to show they're now right out on

0:25:43.960 --> 0:25:49.360
<v Speaker 16>the left fringe. They're being given large donations from unions

0:25:49.600 --> 0:25:53.320
<v Speaker 16>who are hostile essentially to the Albanesi government and they

0:25:53.359 --> 0:25:54.160
<v Speaker 16>found a new home.

0:25:55.400 --> 0:25:55.600
<v Speaker 6>Yeah.

0:25:55.680 --> 0:25:59.120
<v Speaker 2>Again, just the hypocrisy that we keep copying from all

0:25:59.119 --> 0:26:01.840
<v Speaker 2>these different parts is I do want to go back

0:26:01.880 --> 0:26:06.560
<v Speaker 2>to the energy discussion around nuclear, because while Australia is

0:26:06.560 --> 0:26:11.080
<v Speaker 2>still years away from embracing nuclear, there's a really interesting

0:26:11.119 --> 0:26:15.440
<v Speaker 2>Australian company that's just achieved a major breakthrough in advanced

0:26:15.480 --> 0:26:19.080
<v Speaker 2>reactor technology. Over in the United States, and when I

0:26:19.119 --> 0:26:22.560
<v Speaker 2>was reading this article, whilst it's amazing and so wonderful

0:26:22.560 --> 0:26:25.359
<v Speaker 2>for this company to have so much success overseas, I

0:26:25.359 --> 0:26:28.400
<v Speaker 2>couldn't help but think, what are the opportunities that we're

0:26:28.400 --> 0:26:31.280
<v Speaker 2>missing when our talent is now going offshore to find

0:26:31.320 --> 0:26:34.080
<v Speaker 2>these sort of hits.

0:26:34.119 --> 0:26:36.320
<v Speaker 16>Right, this is one of the great tragedies. I mean,

0:26:36.600 --> 0:26:41.320
<v Speaker 16>the opportunity that's lost. There's been this narrative that Australia

0:26:41.359 --> 0:26:44.800
<v Speaker 16>is not in the nuclear business. Well, actually we're very

0:26:44.840 --> 0:26:48.480
<v Speaker 16>much involved in the global nuclear industry. It's just all

0:26:48.520 --> 0:26:50.760
<v Speaker 16>our best brains are heading off to other parts of

0:26:50.800 --> 0:26:54.560
<v Speaker 16>the world. The race is on in the United States

0:26:54.560 --> 0:26:59.440
<v Speaker 16>to develop new forms of nuclear electricity generation. This is

0:26:59.480 --> 0:27:03.320
<v Speaker 16>a very peeing Australian company. They've got a few prototypes going.

0:27:04.000 --> 0:27:07.200
<v Speaker 16>They're all under the auspices of the White House push

0:27:07.280 --> 0:27:11.120
<v Speaker 16>to develop nuclear power over there, and very small scale

0:27:11.359 --> 0:27:17.680
<v Speaker 16>reactors so rather than large facilities, they can be very

0:27:17.800 --> 0:27:20.679
<v Speaker 16>very small, to the size that they could run a

0:27:21.000 --> 0:27:25.240
<v Speaker 16>data center or something with their own power unit. So

0:27:25.320 --> 0:27:28.760
<v Speaker 16>this is really where the big research grunt is going

0:27:28.760 --> 0:27:32.120
<v Speaker 16>in the US and it's pleasing to see that Australian

0:27:32.480 --> 0:27:33.320
<v Speaker 16>brains are at the.

0:27:33.240 --> 0:27:33.679
<v Speaker 9>Front of it.

0:27:34.800 --> 0:27:38.760
<v Speaker 2>And Graham just very quickly the Ourica Green Hydrogen Hub

0:27:38.760 --> 0:27:42.320
<v Speaker 2>project and Newcastle in New South Wales. It's made headlines.

0:27:42.320 --> 0:27:44.760
<v Speaker 2>So it's going to cost taxpayers a fortune. And I

0:27:44.800 --> 0:27:47.200
<v Speaker 2>just feel like every time we talk about renewable projects,

0:27:47.440 --> 0:27:50.359
<v Speaker 2>the next line is always how expensive they really are?

0:27:51.240 --> 0:27:52.760
<v Speaker 16>Well, I think that's right, and if you look at

0:27:52.760 --> 0:27:57.560
<v Speaker 16>this project in particular, the whole of the corporate worlds

0:27:57.560 --> 0:28:00.880
<v Speaker 16>has run away from hydrogen, saying look, it's too expensive,

0:28:00.960 --> 0:28:04.520
<v Speaker 16>it can't be done. Ourica has agreed it's going to

0:28:04.600 --> 0:28:08.000
<v Speaker 16>proceed with a plant in a Hunter Valley, but taxpayers

0:28:08.040 --> 0:28:10.399
<v Speaker 16>are going to be picking up more than half the cost.

0:28:11.080 --> 0:28:13.800
<v Speaker 16>The cost of the energy that will be produced for

0:28:13.920 --> 0:28:18.640
<v Speaker 16>Ourica is way more expensive than the gas that they're replacing,

0:28:19.320 --> 0:28:24.440
<v Speaker 16>and in terms of saving carbon dioxide emissions, it's many

0:28:24.640 --> 0:28:29.000
<v Speaker 16>thousands of dollars per ton abatement, which really is just ridiculous.

0:28:30.080 --> 0:28:32.640
<v Speaker 4>Well, Gray Am, I appreciate your insights. Have a good night.

0:28:33.600 --> 0:28:36.240
<v Speaker 2>Well let's turn our focus now to the housing market.

0:28:36.359 --> 0:28:39.200
<v Speaker 2>It's certainly heading in the wrong direction, with house prices

0:28:39.280 --> 0:28:43.320
<v Speaker 2>falling across the country and rents hitting record highs. Plus

0:28:43.400 --> 0:28:46.960
<v Speaker 2>there's growing concerns Labour's tax changes will make an already

0:28:47.040 --> 0:28:50.400
<v Speaker 2>chronic housing shortage even worse. So where does the market

0:28:50.480 --> 0:28:54.040
<v Speaker 2>go to from here? Let's bring in research director at Cotality,

0:28:54.120 --> 0:28:55.040
<v Speaker 2>Tim Lawless.

0:28:55.520 --> 0:28:55.960
<v Speaker 4>Tim.

0:28:56.120 --> 0:28:59.920
<v Speaker 2>Housing is still in the headlines with property prices in

0:29:00.160 --> 0:29:04.120
<v Speaker 2>Sydney and Melbourne falling at the fastest pace into twenty

0:29:04.200 --> 0:29:07.760
<v Speaker 2>twenty two. What is driving this correction? Are you putting

0:29:07.800 --> 0:29:11.280
<v Speaker 2>it to a mixture between the higher interest rates but

0:29:11.320 --> 0:29:15.040
<v Speaker 2>then also Labour's tax changes or is it both of those?

0:29:16.800 --> 0:29:18.680
<v Speaker 17>Good evening, Jamie, Well, it's both of those, but it's

0:29:18.720 --> 0:29:21.000
<v Speaker 17>other things as well. We actually started to see the

0:29:21.040 --> 0:29:24.680
<v Speaker 17>housing markets slowing down late last year simply due to

0:29:24.720 --> 0:29:29.000
<v Speaker 17>affordability constraints, and then of course rate hikes seventy five

0:29:29.040 --> 0:29:33.360
<v Speaker 17>basis points of them have shirley dampen demand. Very low

0:29:33.440 --> 0:29:38.200
<v Speaker 17>levels of consumer confidence, especially when petrol prices jumped, is

0:29:38.240 --> 0:29:41.080
<v Speaker 17>another factor. And then you've got the downside impact of

0:29:41.120 --> 0:29:43.480
<v Speaker 17>the federal budget as well, which isn't just about a

0:29:43.520 --> 0:29:47.800
<v Speaker 17>pullback an investment. It's also about a lack of confidence

0:29:48.160 --> 0:29:52.000
<v Speaker 17>in policy. So we're not seeing it's only it's not

0:29:52.080 --> 0:29:54.600
<v Speaker 17>just investors pulling back. I think first home buyers are

0:29:54.640 --> 0:29:57.600
<v Speaker 17>also waiting on the sidelines simply out of fear of

0:29:57.680 --> 0:29:59.520
<v Speaker 17>how far will prices fall.

0:30:00.560 --> 0:30:02.680
<v Speaker 2>That was what I wanted to ask you, was about

0:30:02.680 --> 0:30:05.400
<v Speaker 2>the first home buyer market, because the government has said

0:30:05.920 --> 0:30:08.920
<v Speaker 2>their tax Changers was all about getting first home buyers

0:30:08.960 --> 0:30:12.040
<v Speaker 2>to actually get their foot on the ladder and into

0:30:12.160 --> 0:30:15.400
<v Speaker 2>the property market. But are they actually buying or as

0:30:15.440 --> 0:30:17.560
<v Speaker 2>you said, they are sort of sitting back and waiting

0:30:17.600 --> 0:30:19.560
<v Speaker 2>for the market to level out a bit more.

0:30:20.760 --> 0:30:23.240
<v Speaker 17>Well, absolutely, it does look like most segments of the

0:30:23.280 --> 0:30:25.960
<v Speaker 17>marketplace are in wait and see mode. I mean, put

0:30:25.960 --> 0:30:28.920
<v Speaker 17>yourself in the mindset of a first home buyer. You're

0:30:28.920 --> 0:30:32.680
<v Speaker 17>spending hundreds of thousands of dollars's not millions to buy

0:30:32.680 --> 0:30:35.160
<v Speaker 17>an asset to buy your home. You're probably not going

0:30:35.200 --> 0:30:36.640
<v Speaker 17>to do that if you think the value of that

0:30:36.680 --> 0:30:39.840
<v Speaker 17>property is going to be lower, particularly substantially lower over

0:30:39.880 --> 0:30:42.400
<v Speaker 17>the coming months. So I think a lot of people

0:30:42.440 --> 0:30:44.520
<v Speaker 17>are going to be waiting on the sidelines until some

0:30:44.600 --> 0:30:46.600
<v Speaker 17>confidence returns to the marketplace.

0:30:48.000 --> 0:30:51.600
<v Speaker 2>And is this why you think auction clearance rates are

0:30:52.360 --> 0:30:54.240
<v Speaker 2>going down as well? Because this has certainly been a

0:30:54.280 --> 0:30:57.680
<v Speaker 2>talking point I feel every Sunday, that's what is the headlines,

0:30:57.720 --> 0:31:00.719
<v Speaker 2>is that the auction clearance rates have gone low again.

0:31:01.160 --> 0:31:04.360
<v Speaker 2>And do you think the challenge is that buyers and sellers,

0:31:04.480 --> 0:31:06.640
<v Speaker 2>because they can't agree on what a profit is worth,

0:31:06.680 --> 0:31:08.760
<v Speaker 2>buyers are probably thinking they can get a bargain and

0:31:09.120 --> 0:31:11.440
<v Speaker 2>as a result, then the sellers decide to hold on

0:31:11.880 --> 0:31:14.840
<v Speaker 2>and not pursue with the sale. Is that where we're

0:31:14.880 --> 0:31:17.280
<v Speaker 2>starting to see this lower auction clearance rate?

0:31:18.400 --> 0:31:21.120
<v Speaker 17>Well, that's definitely part of it, Jamie. So clearance rates

0:31:21.560 --> 0:31:24.680
<v Speaker 17>are generally around the low forty percent range. Now, it's

0:31:24.760 --> 0:31:27.400
<v Speaker 17>really rare to see clearance rates that low. The last

0:31:27.400 --> 0:31:30.000
<v Speaker 17>time was during the onset of the pandemic, so back

0:31:30.040 --> 0:31:32.840
<v Speaker 17>in early twenty twenty. Before that, it was when the

0:31:32.840 --> 0:31:35.680
<v Speaker 17>market was moving through its largest correction on records, So

0:31:35.720 --> 0:31:39.400
<v Speaker 17>in twenty nineteen, just as the market was starting to

0:31:39.720 --> 0:31:42.080
<v Speaker 17>bought them out from an eight percent decline. Or are

0:31:42.080 --> 0:31:45.120
<v Speaker 17>seeing clearance rates this low as well, so really does

0:31:45.200 --> 0:31:48.400
<v Speaker 17>highlight it. As you suggest, there's a disconnect between what

0:31:48.480 --> 0:31:50.440
<v Speaker 17>buyers are willing to pay and what they think is

0:31:50.480 --> 0:31:54.000
<v Speaker 17>fair value and what vendors are expecting to achieve in

0:31:54.000 --> 0:31:56.440
<v Speaker 17>the market. And we've got to remember this downturn, it's

0:31:56.440 --> 0:31:58.960
<v Speaker 17>still pretty fresh. Even though the rate of growth has

0:31:59.000 --> 0:32:01.720
<v Speaker 17>been been slowing down. Our national index is down over

0:32:01.760 --> 0:32:04.800
<v Speaker 17>the past three months, so I think vendors probably need

0:32:04.840 --> 0:32:07.800
<v Speaker 17>a bit of time to get used to the new normal.

0:32:08.840 --> 0:32:11.240
<v Speaker 2>Tim, I want to have a look at the vacancy

0:32:11.320 --> 0:32:15.960
<v Speaker 2>rate because that remains incredibly tight in the rental market.

0:32:16.000 --> 0:32:19.840
<v Speaker 2>It's currently below two percent nationally. Now for me and

0:32:19.880 --> 0:32:22.160
<v Speaker 2>the viewers at home, can you just explain to us

0:32:22.200 --> 0:32:25.440
<v Speaker 2>why that number is so important and what it does

0:32:25.600 --> 0:32:26.560
<v Speaker 2>for renters?

0:32:27.680 --> 0:32:31.160
<v Speaker 17>Absolutely, so, the vacancy rate nationally is just one point

0:32:31.160 --> 0:32:34.680
<v Speaker 17>six percent. Every capital city is under two percent, So

0:32:34.880 --> 0:32:37.800
<v Speaker 17>healthy vacancy rate would be somewhere up around me three

0:32:37.880 --> 0:32:40.160
<v Speaker 17>to three and a half percent. That's where it was

0:32:40.280 --> 0:32:43.080
<v Speaker 17>pre pandemic, and a ten year average is up around

0:32:43.080 --> 0:32:45.960
<v Speaker 17>that level. So when a vacancy rate is a really low,

0:32:46.160 --> 0:32:49.600
<v Speaker 17>it simply means there's a real scarcity of rental supply.

0:32:49.920 --> 0:32:52.640
<v Speaker 17>And when you have a real scarcity like this, that's

0:32:52.680 --> 0:32:55.640
<v Speaker 17>when you can start to see rental costs being passed on.

0:32:56.360 --> 0:32:59.320
<v Speaker 17>So if a vacancy rate was quite high and interest

0:32:59.400 --> 0:33:02.000
<v Speaker 17>rates were moving up and there is additional rental costs

0:33:03.000 --> 0:33:05.640
<v Speaker 17>or maintenance costs, it'd be much harder for investors to

0:33:05.680 --> 0:33:09.040
<v Speaker 17>pass those costs through. To renters. What we're seeing now,

0:33:09.120 --> 0:33:11.720
<v Speaker 17>of course, is with a vacancy rate very low, it's

0:33:11.800 --> 0:33:15.560
<v Speaker 17>much easier for investors to pass on additional costs to

0:33:15.600 --> 0:33:18.520
<v Speaker 17>the extent where we're now seeing renters are paying about

0:33:18.520 --> 0:33:21.040
<v Speaker 17>a third of their pre tax income just to pay

0:33:21.080 --> 0:33:23.920
<v Speaker 17>the rent. So it'll be interesting to see how high

0:33:24.040 --> 0:33:27.920
<v Speaker 17>can rents actually go when rental affordability is already this stretched.

0:33:29.080 --> 0:33:31.360
<v Speaker 2>And Tim, before I let you go, you know, we

0:33:31.400 --> 0:33:34.120
<v Speaker 2>obviously talk a lot about the budget changes when it

0:33:34.120 --> 0:33:37.400
<v Speaker 2>came to negative gearing and capital gains tax, and one

0:33:37.440 --> 0:33:39.080
<v Speaker 2>of the warnings that came out of this is it's

0:33:39.080 --> 0:33:41.640
<v Speaker 2>going to reduce the investor demand and as.

0:33:41.520 --> 0:33:44.920
<v Speaker 4>A result, we'll shore up slow up the rental supply.

0:33:45.360 --> 0:33:47.360
<v Speaker 2>And is this the evidence that we're starting to see

0:33:47.680 --> 0:33:51.360
<v Speaker 2>and based on the trend that you're starting to analyze,

0:33:51.760 --> 0:33:54.200
<v Speaker 2>is it going to get worse as investors flee the

0:33:54.240 --> 0:33:56.440
<v Speaker 2>market or will it start to be bigger in the

0:33:56.480 --> 0:33:58.840
<v Speaker 2>new development and we'll start to see some of the

0:33:58.920 --> 0:34:02.960
<v Speaker 2>more existing dwellings won't be so much used for renters

0:34:02.960 --> 0:34:03.360
<v Speaker 2>as such.

0:34:04.480 --> 0:34:07.400
<v Speaker 17>Well, I think this is the trend we're seeing pre budget,

0:34:07.680 --> 0:34:11.160
<v Speaker 17>so absolutely we are expecting a very sharp pullback and

0:34:11.239 --> 0:34:15.160
<v Speaker 17>investment activity, and of course investors are generally responsible for

0:34:15.200 --> 0:34:17.920
<v Speaker 17>delivering rental supply to the market. In fact, around about

0:34:17.960 --> 0:34:20.200
<v Speaker 17>eighty five to ninety percent of all rental dwellings in

0:34:20.239 --> 0:34:23.800
<v Speaker 17>Australia are owned by what we've called mum and dad investors.

0:34:24.200 --> 0:34:26.040
<v Speaker 17>So I think there is a real risk here that

0:34:26.120 --> 0:34:29.600
<v Speaker 17>rental supply is going to remain very tight leading into

0:34:29.600 --> 0:34:32.160
<v Speaker 17>the budget that was definitely the case, and with a

0:34:32.160 --> 0:34:34.960
<v Speaker 17>pullback and investment demands, I don't think there's a plan B.

0:34:35.960 --> 0:34:37.759
<v Speaker 17>It's going to take some time for build a rent

0:34:37.880 --> 0:34:41.600
<v Speaker 17>get up off the ground. Social and community housing probably

0:34:41.600 --> 0:34:44.720
<v Speaker 17>isn't being funded enough either, so I think for renters

0:34:44.960 --> 0:34:46.680
<v Speaker 17>absolutely they're going to be between a rock and a

0:34:46.719 --> 0:34:47.840
<v Speaker 17>hard place going forward.

0:34:48.680 --> 0:34:52.000
<v Speaker 2>Well, Tim Lawless, thank you for joining me tonight. All right,

0:34:52.040 --> 0:34:55.359
<v Speaker 2>after the break, more on the Telstra adage. We'll dig

0:34:55.400 --> 0:34:59.239
<v Speaker 2>into the wider impact on everyday Australians and how the

0:34:59.320 --> 0:35:01.680
<v Speaker 2>nation can put itself from happening again.

0:35:02.040 --> 0:35:07.719
<v Speaker 4>That's next welcome back coming up.

0:35:07.760 --> 0:35:12.680
<v Speaker 2>Pressure on Russia as Ukraine targets it's oil refineries. More

0:35:12.680 --> 0:35:16.600
<v Speaker 2>with our international panels soon. But now to the fallout

0:35:16.640 --> 0:35:19.799
<v Speaker 2>from the Telstra outage. The impact of The blackout has

0:35:19.840 --> 0:35:23.120
<v Speaker 2>been widely felt, with big questions over what we have

0:35:23.239 --> 0:35:26.680
<v Speaker 2>learned since the similar optasatage that left users in the

0:35:26.760 --> 0:35:30.319
<v Speaker 2>lurch last year. Here to tell us more is tech

0:35:30.360 --> 0:35:35.040
<v Speaker 2>Guide editor Stephen Fenik. Stephen, Welcome. A lot of finger

0:35:35.040 --> 0:35:37.920
<v Speaker 2>pointing is going on at the moment, but what do

0:35:38.040 --> 0:35:42.239
<v Speaker 2>we know around how this actually happened? And more importantly

0:35:42.560 --> 0:35:43.600
<v Speaker 2>White snowballed.

0:35:44.800 --> 0:35:48.640
<v Speaker 1>Yeah, Hi, Jamie ye. It's well, what they said happened

0:35:48.760 --> 0:35:53.040
<v Speaker 1>was like a timing issue. There's all the systems communicate

0:35:53.600 --> 0:35:57.440
<v Speaker 1>when they're all synchronized at the same time. That's when

0:35:57.480 --> 0:35:59.759
<v Speaker 1>they could talk to each other. So when they're not synchronized,

0:36:00.200 --> 0:36:03.760
<v Speaker 1>there's an issue. And what had happened apparently the time

0:36:03.960 --> 0:36:06.759
<v Speaker 1>on one of the systems went back twenty years to

0:36:07.120 --> 0:36:09.799
<v Speaker 1>two thousand and six instead of twenty twenty six, and

0:36:09.840 --> 0:36:13.200
<v Speaker 1>that system was then isolated and that's what caused the

0:36:13.239 --> 0:36:17.359
<v Speaker 1>initial problem to occur. So that was a software bug

0:36:17.440 --> 0:36:21.080
<v Speaker 1>caused that little timing error, and then it then had

0:36:21.120 --> 0:36:23.280
<v Speaker 1>a flow on effect to the rest of the network.

0:36:23.320 --> 0:36:24.480
<v Speaker 9>So there was the.

0:36:24.480 --> 0:36:27.359
<v Speaker 1>Link in the chain that was broken and then had

0:36:27.360 --> 0:36:30.759
<v Speaker 1>the flow on effect that unfortunately affected the whole network.

0:36:31.400 --> 0:36:34.840
<v Speaker 2>And one of the issues here is definitely around not

0:36:34.880 --> 0:36:38.960
<v Speaker 2>being able to access triple zero. Why can't a change

0:36:39.040 --> 0:36:44.320
<v Speaker 2>be implemented to ensure triple zero automatically reverts to networks,

0:36:44.360 --> 0:36:47.040
<v Speaker 2>say like a WhatsApp or a messenger.

0:36:47.880 --> 0:36:48.879
<v Speaker 9>Yeah, absolutely, Yeah.

0:36:49.719 --> 0:36:53.440
<v Speaker 1>The current situation is if you say you're a Teltra customer,

0:36:53.520 --> 0:36:57.560
<v Speaker 1>yesterday you could see SOS on your phone. Normally if

0:36:57.640 --> 0:37:00.160
<v Speaker 1>you can still ring triple zero. And what happened in

0:37:00.200 --> 0:37:03.840
<v Speaker 1>this situation it camps on to another network. That's the

0:37:03.960 --> 0:37:06.360
<v Speaker 1>term and so it looks for Vodafone, looks for Optus.

0:37:06.880 --> 0:37:10.560
<v Speaker 1>Now that process can take up to sixty seconds, and

0:37:10.600 --> 0:37:14.759
<v Speaker 1>that's sixty seconds of silence. So if you're in an emergency,

0:37:14.800 --> 0:37:17.440
<v Speaker 1>that sixty seconds is going to seem like an eternity.

0:37:17.960 --> 0:37:21.239
<v Speaker 1>And more often than not, people aren't waiting that full

0:37:21.320 --> 0:37:24.400
<v Speaker 1>minute for the camp on to take place to connect

0:37:24.400 --> 0:37:27.799
<v Speaker 1>them to triple zero. So that I think a lot

0:37:27.800 --> 0:37:31.080
<v Speaker 1>of the cases reported where they're saying triple zero wasn't

0:37:31.120 --> 0:37:34.000
<v Speaker 1>they couldn't connect to triple zero, it's because they didn't

0:37:34.040 --> 0:37:36.800
<v Speaker 1>wait that that time. There may have been other times

0:37:36.840 --> 0:37:40.400
<v Speaker 1>where there was no connection there at all, but often

0:37:40.440 --> 0:37:44.040
<v Speaker 1>that's the case. Now, what you suggested there should be

0:37:44.080 --> 0:37:47.520
<v Speaker 1>a fallback position. It seems pretty archaic that the only

0:37:47.520 --> 0:37:50.360
<v Speaker 1>way you can contact Triple zero through a phone network

0:37:50.440 --> 0:37:53.120
<v Speaker 1>like it's twenty twenty six. We should be able to

0:37:53.719 --> 0:37:57.839
<v Speaker 1>text Triple zero or contact them through WhatsApp or FaceTime

0:37:58.400 --> 0:38:01.080
<v Speaker 1>or Messenger, so that way were covered.

0:38:01.120 --> 0:38:02.480
<v Speaker 9>So if you we've.

0:38:02.280 --> 0:38:04.560
<v Speaker 1>Lost our cellular connection, at least we still get our

0:38:04.600 --> 0:38:09.080
<v Speaker 1>Wi Fi, our broadband connection to then facilitate this that call,

0:38:09.239 --> 0:38:11.719
<v Speaker 1>which would come at the worst possible time. You'd want

0:38:11.760 --> 0:38:13.839
<v Speaker 1>to make sure that you've got the ability to connect there.

0:38:14.680 --> 0:38:17.480
<v Speaker 2>You know, when you look at this incident, what does

0:38:17.520 --> 0:38:21.759
<v Speaker 2>it tell you about our country's resilience when it comes

0:38:21.760 --> 0:38:25.680
<v Speaker 2>to communications and infrastructure, but more so how much we

0:38:25.800 --> 0:38:28.319
<v Speaker 2>rely on them And when you see something like a

0:38:28.360 --> 0:38:31.640
<v Speaker 2>Telstra go down, everything else falls around it.

0:38:32.560 --> 0:38:35.440
<v Speaker 1>Yeah, that's it doesn't fill customers with a lot of

0:38:35.440 --> 0:38:38.760
<v Speaker 1>confidence like this one little probably one line of code

0:38:38.840 --> 0:38:43.320
<v Speaker 1>is brought the whole network down. So it is an issue.

0:38:43.360 --> 0:38:45.680
<v Speaker 1>I think when and I'm sure that there were some

0:38:45.800 --> 0:38:48.720
<v Speaker 1>learnings they took from the Optice situation last year, including

0:38:48.760 --> 0:38:51.640
<v Speaker 1>the Triple Zero, it's just remarkable that this has happened again.

0:38:52.520 --> 0:38:56.080
<v Speaker 1>So I think that there should obviously be more redundancies

0:38:56.080 --> 0:38:58.560
<v Speaker 1>built into systems. Like I'm not a network engineer, but

0:38:59.360 --> 0:39:01.080
<v Speaker 1>I'm pretty sure or there'd be a way for you

0:39:01.160 --> 0:39:03.080
<v Speaker 1>to sort of hive off the part of the network

0:39:03.120 --> 0:39:07.319
<v Speaker 1>that wasn't working and go and reroute it somehow to

0:39:07.480 --> 0:39:12.000
<v Speaker 1>prevent the whole nation having the outage. It's like having

0:39:12.320 --> 0:39:14.960
<v Speaker 1>a road network where one accident in New South Wales

0:39:15.000 --> 0:39:18.160
<v Speaker 1>is going to close down the entire country. That was

0:39:18.200 --> 0:39:21.759
<v Speaker 1>the way that the network acted yesterday, and so yeah,

0:39:21.760 --> 0:39:24.120
<v Speaker 1>I think there has to be I think the engineers

0:39:24.120 --> 0:39:27.000
<v Speaker 1>to be hard at work not only sifting through the

0:39:27.080 --> 0:39:30.240
<v Speaker 1>rubble of this outage, but also ensuring that it doesn't

0:39:30.239 --> 0:39:34.880
<v Speaker 1>happen in the future, because it could like some hacker

0:39:34.920 --> 0:39:37.160
<v Speaker 1>looking in on our situation things. Okay, well, is that

0:39:37.239 --> 0:39:41.720
<v Speaker 1>all it takes to cripple their triple zero to completely

0:39:41.760 --> 0:39:44.600
<v Speaker 1>get rid of retailers not being able to do business

0:39:44.680 --> 0:39:49.759
<v Speaker 1>trains aren't running, then I'm sure that our security is

0:39:49.760 --> 0:39:53.520
<v Speaker 1>pretty strong, but you'd want to make sure we're not

0:39:53.640 --> 0:39:54.439
<v Speaker 1>vulnerable here.

0:39:55.239 --> 0:39:57.560
<v Speaker 2>Yeah, that's a very good point, Stephen, because I know

0:39:57.600 --> 0:40:00.479
<v Speaker 2>that that was coming up a lot yesterday, where if

0:40:00.480 --> 0:40:03.759
<v Speaker 2>we could so easily become undone off. As you said,

0:40:03.760 --> 0:40:06.600
<v Speaker 2>it looks like a line of coding was incorrect.

0:40:07.000 --> 0:40:07.879
<v Speaker 4>Imagine if it was.

0:40:08.040 --> 0:40:12.520
<v Speaker 2>A targeted cyber attack where criminals actually were trying to

0:40:12.560 --> 0:40:16.960
<v Speaker 2>destroy our communications systems as a national security issue, if

0:40:17.000 --> 0:40:19.520
<v Speaker 2>you can't communicate within your country, how can you possibly

0:40:19.840 --> 0:40:20.880
<v Speaker 2>go and defend yourself?

0:40:21.640 --> 0:40:25.040
<v Speaker 1>Absolutely right, I think that's the There's a lot of

0:40:25.080 --> 0:40:28.040
<v Speaker 1>agencies in Australia where that's their job to protect all

0:40:28.040 --> 0:40:32.920
<v Speaker 1>our systems and the networks respectively too. Have robust security

0:40:33.120 --> 0:40:36.160
<v Speaker 1>not only on the actual network itself that we use

0:40:36.440 --> 0:40:39.759
<v Speaker 1>for our messages and calls, but also the system that

0:40:39.800 --> 0:40:42.960
<v Speaker 1>creates that network as well, so the back, the background,

0:40:43.000 --> 0:40:45.200
<v Speaker 1>the servers in the background that it's doing all the work.

0:40:45.480 --> 0:40:49.200
<v Speaker 1>They would you'd expect to have super strong and really

0:40:49.239 --> 0:40:54.160
<v Speaker 1>resilient security. But yeah, I think that as cyber criminals do,

0:40:54.200 --> 0:40:56.440
<v Speaker 1>they're always looking for ways in, as we've seen in

0:40:56.480 --> 0:40:59.279
<v Speaker 1>the past with some pretty big data breaches from some

0:40:59.320 --> 0:41:01.959
<v Speaker 1>of the biggest companies that we've had in that we've

0:41:01.960 --> 0:41:05.319
<v Speaker 1>known in Australia. So it is does give us, I think,

0:41:05.440 --> 0:41:08.360
<v Speaker 1>pause to think, well, what if we need to be

0:41:08.520 --> 0:41:11.640
<v Speaker 1>prepared to keep ourselves safe.

0:41:11.920 --> 0:41:14.239
<v Speaker 2>Well, Steven, I appreciate your time tonight, and we will

0:41:14.280 --> 0:41:16.960
<v Speaker 2>keep a close eye on any developments with at Telstra.

0:41:17.800 --> 0:41:21.000
<v Speaker 2>All right, coming up more on the escalation with Iran?

0:41:21.520 --> 0:41:24.200
<v Speaker 2>Does Trump really want to re engage in an all

0:41:24.239 --> 0:41:24.760
<v Speaker 2>out war?

0:41:29.400 --> 0:41:30.000
<v Speaker 4>Welcome back.

0:41:30.080 --> 0:41:33.640
<v Speaker 2>Let's jump into all the news happening beyond our borders,

0:41:33.719 --> 0:41:36.759
<v Speaker 2>and there's plenty to get through. Joining us is Sky

0:41:36.840 --> 0:41:42.200
<v Speaker 2>News contributor Kosher Gata and former Labor MP Michael Danby. Guys,

0:41:42.360 --> 0:41:47.319
<v Speaker 2>welcome a peace deal in tatters. Some blistering words came

0:41:47.360 --> 0:41:50.760
<v Speaker 2>from Donald Trump. Where do you think this is all happened?

0:41:50.760 --> 0:41:51.240
<v Speaker 4>In Kosher?

0:41:53.160 --> 0:41:55.840
<v Speaker 10>It feels like every week we're kind of on this

0:41:55.960 --> 0:42:00.239
<v Speaker 10>merrig around or some semblance of positive momentum in the

0:42:00.280 --> 0:42:04.440
<v Speaker 10>piece steel or the MOUs. We should say, the market stabilize,

0:42:04.560 --> 0:42:08.359
<v Speaker 10>oil prices come down, everybody's maybe cautiously optimistic, and then

0:42:08.400 --> 0:42:11.080
<v Speaker 10>you see something else like this happen, more rhetoric from

0:42:11.080 --> 0:42:14.640
<v Speaker 10>President Trump or threats from Tehran, and it's sort of

0:42:14.680 --> 0:42:17.480
<v Speaker 10>all I wouldn't say fine and dandy, not the right words,

0:42:17.480 --> 0:42:19.239
<v Speaker 10>but as long as it stays contained in that, it

0:42:19.320 --> 0:42:21.760
<v Speaker 10>just feels like we're waiting out time and they're waiting

0:42:21.760 --> 0:42:25.000
<v Speaker 10>out Given the US political pressures, that they know helps them.

0:42:25.040 --> 0:42:27.239
<v Speaker 10>The longer that goes, and the in terms of who's

0:42:27.280 --> 0:42:30.200
<v Speaker 10>in charge of America might change with the midterms and beyond,

0:42:30.880 --> 0:42:33.760
<v Speaker 10>or there's always this risk of an escalatory event happening.

0:42:33.800 --> 0:42:36.360
<v Speaker 10>They've threatened that they might attack US basis in the region.

0:42:36.640 --> 0:42:38.920
<v Speaker 10>If that happens, the US will retaliate, and then the

0:42:39.520 --> 0:42:43.520
<v Speaker 10>escalatory ladder continues. So it's unfortunately anybody's guests, and this

0:42:43.560 --> 0:42:45.239
<v Speaker 10>continues to be something that we have to take week

0:42:45.239 --> 0:42:46.120
<v Speaker 10>by week, day by day.

0:42:47.160 --> 0:42:49.720
<v Speaker 2>Michael, I want to look at some of the dramatic

0:42:49.719 --> 0:42:53.440
<v Speaker 2>footage that came out overnight, and these with those strikes

0:42:53.520 --> 0:42:58.440
<v Speaker 2>by Ukraine on Russian oil refineries and also on arms

0:42:58.440 --> 0:43:02.319
<v Speaker 2>and technical plants. Trump has apparently given Zelenski permission to

0:43:02.360 --> 0:43:05.920
<v Speaker 2>build patriot air defense in Ukraine. Can you tell us

0:43:05.960 --> 0:43:09.680
<v Speaker 2>what this now will mean for Putin but also the

0:43:09.719 --> 0:43:10.920
<v Speaker 2>war now over there.

0:43:11.719 --> 0:43:16.719
<v Speaker 18>Well, let's be clear, Jamie. The Russians ascending missiles, including

0:43:17.000 --> 0:43:22.600
<v Speaker 18>Iskandar missiles into civilian centers in fifty cities across Ukraine,

0:43:22.880 --> 0:43:28.120
<v Speaker 18>killing Ukrainian civilians. The Ukrainians are taking down the infrastructure,

0:43:28.160 --> 0:43:31.520
<v Speaker 18>the oil refineries and chemical plants that run the weapons

0:43:31.560 --> 0:43:34.839
<v Speaker 18>industry that fund the Russian war machine and push the

0:43:35.160 --> 0:43:39.040
<v Speaker 18>Russian war machine. So it's not the same thing. And

0:43:39.120 --> 0:43:42.640
<v Speaker 18>unfortunately the patriots, even if they get the license now

0:43:42.680 --> 0:43:46.239
<v Speaker 18>will take too long to be being built. But the

0:43:46.360 --> 0:43:51.760
<v Speaker 18>Ukrainians are causing petrol cues in Moscow and other cities

0:43:51.800 --> 0:43:54.920
<v Speaker 18>all over Russia. So there's a huge amount of domestic

0:43:55.000 --> 0:43:58.880
<v Speaker 18>public pressure on Putin and the Russian elite. Now he

0:43:59.080 --> 0:44:03.000
<v Speaker 18>was told on Russian state TV by a very prominent

0:44:04.520 --> 0:44:07.560
<v Speaker 18>former supporter that he should give up the war. So

0:44:08.160 --> 0:44:10.560
<v Speaker 18>it seems that President Zelensky has the card. He was

0:44:10.600 --> 0:44:14.000
<v Speaker 18>asked by President Trump if he'd visit Moscow Zelensky, and

0:44:14.040 --> 0:44:16.680
<v Speaker 18>he quite wittily said, well, I would, but it's quite

0:44:16.719 --> 0:44:19.920
<v Speaker 18>dangerous there now there are a lot of Ukrainian drones

0:44:19.960 --> 0:44:21.960
<v Speaker 18>and missiles.

0:44:21.760 --> 0:44:24.480
<v Speaker 2>And kosher Is it as easy as that, as what

0:44:24.600 --> 0:44:26.840
<v Speaker 2>Michael was saying, that Putin has now just been told

0:44:26.880 --> 0:44:29.600
<v Speaker 2>to give up the war, Can he simply now just

0:44:29.680 --> 0:44:32.360
<v Speaker 2>walk away off the back of the destruction that he

0:44:32.400 --> 0:44:33.000
<v Speaker 2>has caused.

0:44:34.680 --> 0:44:37.840
<v Speaker 10>I find that hard to believe. He does see this

0:44:37.920 --> 0:44:41.000
<v Speaker 10>as existential. He sees all of these moves that happened,

0:44:41.000 --> 0:44:43.920
<v Speaker 10>whether it's the permission for Ukraine to build patriot missiles,

0:44:43.920 --> 0:44:46.759
<v Speaker 10>whether it's discussions of entering into NITO even if they

0:44:46.760 --> 0:44:49.160
<v Speaker 10>don't come to fruition, whether it's other members like the

0:44:49.200 --> 0:44:51.680
<v Speaker 10>Scandinavian countries entering into NITO. He sees all of that

0:44:51.760 --> 0:44:55.000
<v Speaker 10>as provocative, he sees it as existential, and he seems

0:44:55.040 --> 0:44:57.279
<v Speaker 10>to be in this for the long haul. Whether there

0:44:57.360 --> 0:44:59.359
<v Speaker 10>might be a little bit rounding around the edges, some

0:45:00.320 --> 0:45:04.720
<v Speaker 10>seeding of territory that he has taken, maybe, but walking

0:45:04.719 --> 0:45:07.160
<v Speaker 10>away quote unquote seems to me very hope to believe

0:45:07.160 --> 0:45:09.560
<v Speaker 10>that that is something he would consider unless he absolutely

0:45:09.840 --> 0:45:11.319
<v Speaker 10>against the piner and he's not there yet.

0:45:12.040 --> 0:45:14.640
<v Speaker 18>But he may be dragged by his own population who

0:45:14.680 --> 0:45:17.600
<v Speaker 18>are now in petrol cues. They've never had this in Russia.

0:45:17.640 --> 0:45:20.120
<v Speaker 18>They've never had to suffer in Russia like the poor

0:45:20.200 --> 0:45:23.279
<v Speaker 18>Ukrainians have, and it may not be a matter of

0:45:23.320 --> 0:45:24.160
<v Speaker 18>being willing.

0:45:23.880 --> 0:45:27.520
<v Speaker 2>To yes forced too, especially when in your country in

0:45:27.600 --> 0:45:30.080
<v Speaker 2>Russia you see those cues with the eighteen hour waits

0:45:30.120 --> 0:45:32.480
<v Speaker 2>to be able to get petrol. That surely is not

0:45:32.520 --> 0:45:35.279
<v Speaker 2>good for him in a political sense. Michael, I do

0:45:35.360 --> 0:45:38.680
<v Speaker 2>want to ask you about these imprisoned Australian men who

0:45:38.760 --> 0:45:41.920
<v Speaker 2>are suspected of being ISIS fighters. Now they could be

0:45:42.000 --> 0:45:45.840
<v Speaker 2>freed from an Iraqi jail under renewed efforts to deport

0:45:45.880 --> 0:45:51.360
<v Speaker 2>members deemed as non combatants of the terrorist group. Surely

0:45:51.440 --> 0:45:54.080
<v Speaker 2>you would hope that the government is seeking briefings here.

0:45:54.440 --> 0:45:55.520
<v Speaker 4>What do you make of this?

0:45:56.200 --> 0:45:59.279
<v Speaker 18>Well, I agree with the former American Senator Galbraith who

0:45:59.320 --> 0:46:02.279
<v Speaker 18>said that he can't believe some of these stories that

0:46:02.280 --> 0:46:05.239
<v Speaker 18>they're telling that they were never involved in combat. Yes,

0:46:05.239 --> 0:46:09.160
<v Speaker 18>they're in an ISIS dominated country, but never never did

0:46:09.160 --> 0:46:11.480
<v Speaker 18>anything while they're over there. There seems to be one

0:46:11.560 --> 0:46:16.240
<v Speaker 18>young person who has been imprisoned there a long time

0:46:16.600 --> 0:46:20.320
<v Speaker 18>and who was brought there as a child, so that's

0:46:20.400 --> 0:46:25.920
<v Speaker 18>worth evaluating seriously. But I was joking to your staff

0:46:25.920 --> 0:46:29.640
<v Speaker 18>that as I'll have to establish a caravan park where

0:46:29.680 --> 0:46:32.319
<v Speaker 18>they put the ISIS brides and these guys if they

0:46:32.400 --> 0:46:35.200
<v Speaker 18>come back, so they can monitor them without it costing

0:46:35.400 --> 0:46:38.200
<v Speaker 18>the Australian tax by hundreds of millions of dollars to

0:46:38.280 --> 0:46:42.160
<v Speaker 18>monitor all of these guys. They're very dangerous and believe

0:46:42.239 --> 0:46:45.000
<v Speaker 18>Senator Galbraith that they were doing things when they were

0:46:45.000 --> 0:46:45.479
<v Speaker 18>over there.

0:46:46.800 --> 0:46:49.560
<v Speaker 2>It just blows my mind, Michael, that we would be

0:46:49.840 --> 0:46:52.120
<v Speaker 2>bringing them back, but we might not have a choice

0:46:52.160 --> 0:46:52.600
<v Speaker 2>in their sense.

0:46:52.600 --> 0:46:55.280
<v Speaker 4>I don't know. It just seems like an absolute mess. Kosher.

0:46:55.360 --> 0:46:57.080
<v Speaker 2>I am interested though, before I let you go to

0:46:57.120 --> 0:47:01.480
<v Speaker 2>get your take on the drama surrounding Democratic nominate Graham Plattna.

0:47:01.960 --> 0:47:04.319
<v Speaker 2>He said he's going to suspend his campaign for the

0:47:04.360 --> 0:47:08.440
<v Speaker 2>Senate in Maine and ending around that has brought grassroots support,

0:47:08.440 --> 0:47:11.200
<v Speaker 2>but it was just plagued in controversy. This seems like

0:47:11.239 --> 0:47:13.040
<v Speaker 2>a real mess for the dams.

0:47:12.840 --> 0:47:17.680
<v Speaker 10>Right, it is drama was the perfect word to describe

0:47:17.680 --> 0:47:19.759
<v Speaker 10>this because he sort of came out of nowhere, not

0:47:19.800 --> 0:47:23.120
<v Speaker 10>a career politician, a military vet. Sounded great on paper,

0:47:23.560 --> 0:47:26.280
<v Speaker 10>handily won the primary something like seventy five percent plus

0:47:26.280 --> 0:47:28.560
<v Speaker 10>of the vote, and this has always been a very

0:47:28.600 --> 0:47:31.320
<v Speaker 10>tricky seat for the Republican. Susan Collins is a moderate

0:47:31.320 --> 0:47:34.080
<v Speaker 10>Republican has held onto the seat for many many cycles,

0:47:34.239 --> 0:47:36.279
<v Speaker 10>but always just by the skin of her teeth, and

0:47:36.320 --> 0:47:39.360
<v Speaker 10>this was a real challenge to her because of his

0:47:39.440 --> 0:47:42.360
<v Speaker 10>popularity with the very Democrat electorate in the state of Maine,

0:47:42.400 --> 0:47:44.560
<v Speaker 10>and now at the eleventh hour, all these allegations come

0:47:44.600 --> 0:47:47.880
<v Speaker 10>out he's stepping aside. Despite that grassroots support and I

0:47:47.920 --> 0:47:50.400
<v Speaker 10>think the real story behind the story is why because

0:47:50.440 --> 0:47:52.040
<v Speaker 10>all of this opposition research.

0:47:51.719 --> 0:47:52.439
<v Speaker 4>On him was known.

0:47:52.520 --> 0:47:54.920
<v Speaker 10>It has always known, the party knew it, everybody knew it.

0:47:55.239 --> 0:47:58.359
<v Speaker 10>And yet the Democrats tend to be very loyal at

0:47:58.680 --> 0:48:01.839
<v Speaker 10>sticking behind their candidates, flowed as they may be. But

0:48:01.960 --> 0:48:04.200
<v Speaker 10>sometimes it gets pushed to the limit where whether we

0:48:04.239 --> 0:48:05.799
<v Speaker 10>saw it with Joe Biden or we see it here,

0:48:05.880 --> 0:48:08.120
<v Speaker 10>they push them to the side. That's what's happening here,

0:48:08.160 --> 0:48:10.160
<v Speaker 10>and that I think is the more interesting thing that

0:48:10.280 --> 0:48:11.760
<v Speaker 10>is going to be revealed in the weeks ahead.

0:48:12.280 --> 0:48:14.840
<v Speaker 2>Well, Kosher and Michael, thank you for your time tonight,

0:48:14.960 --> 0:48:17.879
<v Speaker 2>Thank you, and thank you for your company. You'll see

0:48:17.880 --> 0:48:21.520
<v Speaker 2>me again right here on Sunday night. The Bolt Report

0:48:21.560 --> 0:48:22.200
<v Speaker 2>is up next