1 00:00:06,360 --> 00:00:09,080 Speaker 1: This is the weekend edition of Beer and Greed business 2 00:00:09,119 --> 00:00:12,360 Speaker 1: news you can use. I'm Suan Alma and good morning 3 00:00:12,400 --> 00:00:13,319 Speaker 1: at Damski Lang. 4 00:00:13,600 --> 00:00:14,440 Speaker 2: Hello Sean. 5 00:00:14,800 --> 00:00:16,680 Speaker 1: Our weekend show is all about the two of us, 6 00:00:16,720 --> 00:00:19,400 Speaker 1: each nominating what we think is the biggest story of 7 00:00:19,440 --> 00:00:23,000 Speaker 1: the week, the most remarkable story and mystery category, and 8 00:00:23,120 --> 00:00:25,880 Speaker 1: our favorite story. It's always a competition. Normally it's Michael 9 00:00:25,880 --> 00:00:29,840 Speaker 1: Thompson and I going for the jugular with you judging. However, 10 00:00:30,880 --> 00:00:34,800 Speaker 1: Michael's done outrageous thing and taking holidays. Can you believe it? 11 00:00:35,440 --> 00:00:38,360 Speaker 1: So you are in the hot seat. But we need 12 00:00:38,400 --> 00:00:40,760 Speaker 1: a judge, and I'm pleased to say we have a 13 00:00:40,960 --> 00:00:45,040 Speaker 1: returning judge. He's not been with us for a little while, 14 00:00:45,440 --> 00:00:49,080 Speaker 1: but certainly well credentialed. Tim Burrows is the founder and 15 00:00:49,120 --> 00:00:52,320 Speaker 1: publisher of Umbrella and Unmade, as well as being the 16 00:00:52,360 --> 00:00:56,640 Speaker 1: presenter of Media Land on ABC Radio National. One of 17 00:00:56,680 --> 00:00:59,279 Speaker 1: our great advocates too, which we really appreciate. Welcome back 18 00:00:59,280 --> 00:01:00,880 Speaker 1: to the weekend edition, Tim Burrows and. 19 00:01:00,840 --> 00:01:03,520 Speaker 3: I still haven't got a Fair and Greed mug. Just really, 20 00:01:04,360 --> 00:01:07,320 Speaker 3: I will keep I will keep campaigning and dropping heads. 21 00:01:07,720 --> 00:01:11,919 Speaker 1: I've got one on my disk actually wrapped up still 22 00:01:12,000 --> 00:01:12,800 Speaker 1: which will give you. 23 00:01:12,880 --> 00:01:13,960 Speaker 3: Tim, there we go. 24 00:01:14,240 --> 00:01:15,640 Speaker 2: Let's just see how the judging goes. 25 00:01:16,240 --> 00:01:18,520 Speaker 3: Let's wait, Let's wait and see how things look at 26 00:01:18,680 --> 00:01:20,840 Speaker 3: look at the the end, and I realized I have 27 00:01:20,920 --> 00:01:24,520 Speaker 3: quite high standards to match up to. After Diana in. 28 00:01:25,800 --> 00:01:30,200 Speaker 1: Great last time you judged us, I failed. You were harsh. 29 00:01:30,360 --> 00:01:31,880 Speaker 1: I don't want to put it out there, but Tim, 30 00:01:31,920 --> 00:01:34,440 Speaker 1: I thought you were. I thought that we used to, 31 00:01:34,640 --> 00:01:36,920 Speaker 1: Michael and I used to getting twenty two, twenty three 32 00:01:36,920 --> 00:01:37,760 Speaker 1: and twenty five from a. 33 00:01:38,280 --> 00:01:43,000 Speaker 3: Tough score there. But it's just comparative. So long as 34 00:01:43,040 --> 00:01:46,520 Speaker 3: that someone wins. It's true, I'd be very unlikely to 35 00:01:46,520 --> 00:01:48,960 Speaker 3: give twenty out of twenty five out of twenty five, 36 00:01:49,280 --> 00:01:52,560 Speaker 3: but I guess the at least for to bring some 37 00:01:52,720 --> 00:01:56,520 Speaker 3: certainty into your life, I probably won't be quite as 38 00:01:56,800 --> 00:02:02,560 Speaker 3: capricious a judge as Diana was last. Yeah, so I 39 00:02:02,600 --> 00:02:05,080 Speaker 3: think we're going to go back to classic Coke style judging. 40 00:02:05,280 --> 00:02:09,040 Speaker 1: Okay, now, if you were you are judging, do you 41 00:02:09,080 --> 00:02:11,360 Speaker 1: have any idea what the criteria might be that you 42 00:02:11,360 --> 00:02:12,880 Speaker 1: would judge on. What are you looking for? 43 00:02:13,320 --> 00:02:16,000 Speaker 3: I think I look for many of the classics, many 44 00:02:16,000 --> 00:02:18,560 Speaker 3: things you might hear Adam say, you know, we're looking 45 00:02:18,639 --> 00:02:23,400 Speaker 3: for impact. We're looking for specific relevance to the week. 46 00:02:24,320 --> 00:02:26,480 Speaker 3: So that's it. That's always a key one for the 47 00:02:26,520 --> 00:02:31,079 Speaker 3: genuine relevance. And as you may know, I'm a fan 48 00:02:31,120 --> 00:02:34,560 Speaker 3: of sledging, so there will be a bonus point available 49 00:02:34,560 --> 00:02:35,959 Speaker 3: for the best sledge of the day. 50 00:02:37,040 --> 00:02:39,400 Speaker 1: I'm going to start off by sledging you because after 51 00:02:39,400 --> 00:02:43,560 Speaker 1: the last you text me and you said, don't mean 52 00:02:43,560 --> 00:02:45,200 Speaker 1: to be a pint or anything, but like I think 53 00:02:45,200 --> 00:02:48,160 Speaker 1: we're thirteen on twenty five four percent. 54 00:02:48,840 --> 00:02:52,680 Speaker 3: Yes you're complaining about having uniscored fifty two percent. 55 00:02:54,880 --> 00:02:56,240 Speaker 1: You creaked in my mathematics. 56 00:02:56,520 --> 00:02:57,400 Speaker 3: I was happy to help out. 57 00:02:57,480 --> 00:03:01,040 Speaker 1: Then yes, let's jump into it. The newstart, first biggest 58 00:03:01,040 --> 00:03:01,880 Speaker 1: story of the week. 59 00:03:02,040 --> 00:03:05,000 Speaker 2: Very well tim for me. This week Prime Minister Anthony 60 00:03:05,040 --> 00:03:09,799 Speaker 2: Albanesi's six day visit to China was as commercially significant 61 00:03:10,200 --> 00:03:14,400 Speaker 2: as it was diplomatically delicate and historic. Accompanied by his 62 00:03:14,440 --> 00:03:19,359 Speaker 2: fiancee Jody Hayden and a business delegation featuring BHP's Geraldine Slattery, 63 00:03:19,760 --> 00:03:23,120 Speaker 2: Ford Escues Andrew Forrest and Rio Tinto's Kelly Parker, the 64 00:03:23,200 --> 00:03:24,440 Speaker 2: trip centered on. 65 00:03:24,440 --> 00:03:28,320 Speaker 1: Trade, handholding, some holiday snaps. 66 00:03:29,080 --> 00:03:33,600 Speaker 2: Under the Albanesi government, China has lifted sanctions on coal, wine, 67 00:03:33,680 --> 00:03:36,800 Speaker 2: barley and lobster, in a reset that's worth over twenty 68 00:03:37,040 --> 00:03:40,320 Speaker 2: billion dollars. In recent years, he met with President Xi 69 00:03:40,680 --> 00:03:44,160 Speaker 2: Jingping and Premier League Kyung and was honored with dual 70 00:03:44,240 --> 00:03:48,320 Speaker 2: state banquets and by walking the Great Wall Albanezi echoed 71 00:03:48,360 --> 00:03:51,680 Speaker 2: the USA's Richard Nixon in seventy two and Gough Whitlam 72 00:03:51,720 --> 00:03:55,920 Speaker 2: in nineteen seventy one. He also participated in pandered diplomacy 73 00:03:55,960 --> 00:03:59,960 Speaker 2: in Chengdu, continuing a tradition since Bob Hawk's nineteen eight 74 00:04:00,160 --> 00:04:03,600 Speaker 2: his visits. But this trip's real impact lies in reinforcing 75 00:04:03,640 --> 00:04:07,800 Speaker 2: Australia's largest trading relationship. Peter Harcher observed in The Sydney 76 00:04:07,800 --> 00:04:11,680 Speaker 2: Morning Herald that Jijiping views Australia as quote ripe fruit 77 00:04:11,920 --> 00:04:15,920 Speaker 2: ready to fall in a world of shifting alliances. For Australia, 78 00:04:16,000 --> 00:04:19,599 Speaker 2: the visit wasn't just symbolic. It was about cementing hard 79 00:04:19,680 --> 00:04:23,240 Speaker 2: nosed trade deals for future growth and soft diplomacy in 80 00:04:23,480 --> 00:04:27,159 Speaker 2: very delicate geopolitical times. It's a long term play with 81 00:04:27,200 --> 00:04:31,040 Speaker 2: our largest trading partner and my nomination for biggest business 82 00:04:31,040 --> 00:04:31,840 Speaker 2: story of the week. 83 00:04:32,000 --> 00:04:34,160 Speaker 1: Okay, look a good story. Note out about it, but 84 00:04:34,560 --> 00:04:37,880 Speaker 1: quoting Peter Harcher, who's one of the great political writers, 85 00:04:37,960 --> 00:04:41,119 Speaker 1: like a beautiful turn of phrase. He can't get points 86 00:04:41,120 --> 00:04:45,440 Speaker 1: for that ripe fruit from Peter Harcher because you stole 87 00:04:45,480 --> 00:04:50,320 Speaker 1: it from Harcher, borrowed poets. Still canters poet look nice effort, 88 00:04:50,720 --> 00:04:54,200 Speaker 1: good effort. I mean basically, we just got holiday snaps 89 00:04:54,200 --> 00:04:57,240 Speaker 1: of Alba and Jady wandering around holding hands and the 90 00:04:57,240 --> 00:05:00,800 Speaker 1: great it says in Lee came out this week and 91 00:05:01,040 --> 00:05:04,400 Speaker 1: had a crack at them for it, and I mean indulgent. 92 00:05:04,680 --> 00:05:07,000 Speaker 1: They said it wasn't indulgent. You know, this is all 93 00:05:07,160 --> 00:05:10,560 Speaker 1: important diplomacy. But there were a lot of happy snaps, 94 00:05:10,560 --> 00:05:12,080 Speaker 1: don't you like. 95 00:05:12,200 --> 00:05:15,360 Speaker 2: Just general and too many rabbits tops. 96 00:05:15,120 --> 00:05:17,320 Speaker 1: Oh that rabbo cap. Get rid of it, and I'm 97 00:05:17,360 --> 00:05:19,120 Speaker 1: a rabbit os fan, Get rid of it. 98 00:05:20,000 --> 00:05:22,400 Speaker 3: And then the rabbit is a great ball of China. 99 00:05:22,520 --> 00:05:25,560 Speaker 3: That's what you think of when you think of rabbits. 100 00:05:25,600 --> 00:05:30,000 Speaker 1: That is true, beautiful, beautiful writer, good evortt not the 101 00:05:30,000 --> 00:05:31,920 Speaker 1: biggest story of the week, though. This week's all been 102 00:05:31,920 --> 00:05:35,520 Speaker 1: about Market's team Markets Markets Markets Wall Street all time 103 00:05:35,560 --> 00:05:39,800 Speaker 1: record a SX two hundred new closing high. Ten new 104 00:05:39,880 --> 00:05:42,760 Speaker 1: records this week from the ASEX not this week this 105 00:05:42,920 --> 00:05:45,279 Speaker 1: year from the ASEX two hundred, including one this week 106 00:05:45,600 --> 00:05:49,440 Speaker 1: on Wall Street and video pushed beyond four trillion US dollars. 107 00:05:49,480 --> 00:05:53,159 Speaker 1: What's that six point one trillion ossie dollars? If you 108 00:05:53,240 --> 00:05:57,960 Speaker 1: took incredible all of our market added all together, doubled it, 109 00:05:57,960 --> 00:06:01,640 Speaker 1: it'll still be worth less then video, quite amazing. Bitcoin 110 00:06:01,680 --> 00:06:03,680 Speaker 1: went through one hundred and twenty three thousand US dollars 111 00:06:03,720 --> 00:06:06,440 Speaker 1: a unit. Donald Trump in the last couple of days 112 00:06:06,440 --> 00:06:08,080 Speaker 1: has come out and said he's going to open up 113 00:06:08,080 --> 00:06:10,839 Speaker 1: cryptocurrencies to retirement accounts in the US. They are four 114 00:06:10,880 --> 00:06:11,520 Speaker 1: oh one ks. 115 00:06:12,440 --> 00:06:12,839 Speaker 3: Wow. 116 00:06:13,040 --> 00:06:14,880 Speaker 1: That's going to give it a rocker boost if that happens. 117 00:06:15,440 --> 00:06:19,000 Speaker 1: The had labor Force figures out this week they basically 118 00:06:19,120 --> 00:06:22,120 Speaker 1: greenlighted the Reserve Bank to cut interest rates. That pushed 119 00:06:22,800 --> 00:06:25,920 Speaker 1: the local market higher. All this while we're still finding 120 00:06:25,920 --> 00:06:29,440 Speaker 1: about Tariff's, Fed's independence, uncertainty of all that sort of stuff. 121 00:06:29,839 --> 00:06:32,560 Speaker 1: But markets this week phenomenal effort. 122 00:06:32,760 --> 00:06:33,599 Speaker 3: Sure, I'd say. 123 00:06:33,520 --> 00:06:38,520 Speaker 2: That's incrementalism versus intergenerational significance. 124 00:06:39,440 --> 00:06:40,559 Speaker 1: I have no idea what that means. 125 00:06:42,080 --> 00:06:46,080 Speaker 3: You're about to explain that, sean so very strong start 126 00:06:46,080 --> 00:06:49,080 Speaker 3: from Adam. I thought and sure there was one other 127 00:06:49,160 --> 00:06:51,760 Speaker 3: thing I meant to mention before we started, which was 128 00:06:52,000 --> 00:06:56,480 Speaker 3: a zero tolerance policy for anything that could be potentially 129 00:06:56,520 --> 00:07:00,800 Speaker 3: described as an omnibus answer, of which I quite like 130 00:07:00,920 --> 00:07:05,160 Speaker 3: the mark, but it feels like it was a bit 131 00:07:05,240 --> 00:07:07,800 Speaker 3: of an omenouss They're going to take a point off there, 132 00:07:07,839 --> 00:07:12,960 Speaker 3: which gives Adam a narrow when in the first round narrow, only. 133 00:07:12,720 --> 00:07:14,920 Speaker 1: Narrow in the bank. 134 00:07:14,960 --> 00:07:15,960 Speaker 2: I've got a lot to prove. 135 00:07:16,160 --> 00:07:23,280 Speaker 1: Not liking Tim at the moment. Okay, so we have 136 00:07:23,400 --> 00:07:25,240 Speaker 1: worked out so far that Tim's not much of a judge. 137 00:07:25,520 --> 00:07:32,760 Speaker 1: Second category slitching's winning over the judge so many many 138 00:07:32,920 --> 00:07:34,640 Speaker 1: years ago. And I did not know Tim, and he 139 00:07:34,760 --> 00:07:38,440 Speaker 1: asked me to come and be on a panel at 140 00:07:38,440 --> 00:07:40,960 Speaker 1: one of your annual conferences. And it was down at 141 00:07:41,080 --> 00:07:45,520 Speaker 1: Darling Harbor. And those who don't know Tim, Tim is 142 00:07:45,520 --> 00:07:50,320 Speaker 1: actually quite unnerving when you first meet him, because you 143 00:07:50,320 --> 00:07:53,120 Speaker 1: you're understated in many ways. So we came to this 144 00:07:53,160 --> 00:07:56,040 Speaker 1: conference and I sat there and I'm thinking, I'm going 145 00:07:56,080 --> 00:07:59,040 Speaker 1: to put a shell on and Tim, the crowd that 146 00:07:59,200 --> 00:08:01,240 Speaker 1: loved you right and now matter what I said, they're 147 00:08:01,240 --> 00:08:03,040 Speaker 1: looking to you. And I had a pretty big job then. 148 00:08:03,080 --> 00:08:05,560 Speaker 1: I was important they didn't care what I said. It 149 00:08:05,600 --> 00:08:10,400 Speaker 1: was just whatever Tim Burrough said. Sort of disarmed and 150 00:08:10,520 --> 00:08:13,920 Speaker 1: have been disarmed around Tim ever since. Anyway, moving on 151 00:08:13,920 --> 00:08:17,480 Speaker 1: one meal to Adam the most remarkable story, how about 152 00:08:17,520 --> 00:08:22,400 Speaker 1: I go first? This time they're looking at thinking about 153 00:08:22,440 --> 00:08:26,240 Speaker 1: Tim's criteria. I think I'm in and all sorts. So 154 00:08:26,600 --> 00:08:32,480 Speaker 1: this week, specifically, Larry Ellison became the world's second wealthiest person, 155 00:08:32,640 --> 00:08:35,360 Speaker 1: first time he's hit that level. According to Bloomboo Billionaires 156 00:08:35,400 --> 00:08:38,240 Speaker 1: Index that's on the back of a Ralian Oracles share 157 00:08:38,240 --> 00:08:40,720 Speaker 1: price is worth about two undred and fifty one million US. 158 00:08:42,160 --> 00:08:46,560 Speaker 1: He took over Zuckerberg, of course, still well below Elon Musk, 159 00:08:46,600 --> 00:08:49,559 Speaker 1: who from memories about three point fifty or thereabouts. Now, 160 00:08:49,600 --> 00:08:51,640 Speaker 1: Oracle's one of those companies that I reckon. Most of us, 161 00:08:51,880 --> 00:08:53,600 Speaker 1: oh Oracle, but we don't really know what they do. 162 00:08:53,760 --> 00:08:56,080 Speaker 1: They're just sort of one of those business It is 163 00:08:56,120 --> 00:08:58,679 Speaker 1: business to business. It's been a real winner in the 164 00:08:58,760 --> 00:09:03,800 Speaker 1: artificial intelligence stakes because it has a lot of cloud infrastructure, 165 00:09:03,960 --> 00:09:08,280 Speaker 1: which chat TBT uses for example, software hardware products. Best 166 00:09:08,320 --> 00:09:12,360 Speaker 1: known for Oracle Database. It's the database management system with 167 00:09:12,440 --> 00:09:15,480 Speaker 1: cloud infrastructure AI solution. So that's why it's done so well, 168 00:09:15,520 --> 00:09:20,000 Speaker 1: the eighty year old Ellison has become number two. That's remarkable. 169 00:09:20,000 --> 00:09:23,280 Speaker 1: What's really remarkable is when you look at the Billionaires Index, 170 00:09:24,200 --> 00:09:30,160 Speaker 1: how it's full of US tech heads. So ten of 171 00:09:30,240 --> 00:09:35,400 Speaker 1: the top twelve positions are held by tech titans. So 172 00:09:35,520 --> 00:09:39,560 Speaker 1: mask Ellison, Mark Zuckerberg the top three test for the 173 00:09:39,640 --> 00:09:42,280 Speaker 1: judge because I'm just trying to unnerve Hymnax. He's unneerthed 174 00:09:42,320 --> 00:09:45,400 Speaker 1: me for the last fifteen years. Can you think of 175 00:09:45,440 --> 00:09:49,720 Speaker 1: the two that of the top twelve that are not teakeheads. 176 00:09:49,720 --> 00:09:52,280 Speaker 1: So we have like Steve Boumer from Microsoft, Larry Page, 177 00:09:52,400 --> 00:09:57,000 Speaker 1: and so Serge brin Google, Yensen Huang nowadays because of Nvidia, 178 00:09:58,280 --> 00:10:00,400 Speaker 1: Michael Dell's in there, Bill Gates is in and they're the 179 00:10:00,440 --> 00:10:01,000 Speaker 1: other two. 180 00:10:01,200 --> 00:10:02,960 Speaker 3: I feel like it'd have to be like someone from 181 00:10:03,040 --> 00:10:04,720 Speaker 3: Walmart or something. 182 00:10:06,040 --> 00:10:09,760 Speaker 1: Thirteen and fourteen Family the Water. No, I think you 183 00:10:09,880 --> 00:10:13,400 Speaker 1: have me, then you're gonna have to think think investing great, great. 184 00:10:14,360 --> 00:10:17,200 Speaker 3: So would it be something Warren Buffett. 185 00:10:16,880 --> 00:10:20,840 Speaker 1: Yes, yes, yes, yes, Warren Buffard definitely, Oracle of Omaha, 186 00:10:20,920 --> 00:10:23,400 Speaker 1: the Oracle of Omaha. He comes in at number ten 187 00:10:24,200 --> 00:10:28,800 Speaker 1: and coming in at number seven. This is given that 188 00:10:28,880 --> 00:10:31,760 Speaker 1: you're wearing a lumberjack out fit today, right, I'm not 189 00:10:31,800 --> 00:10:34,400 Speaker 1: sure that you would know this particular man, whereas Adam 190 00:10:35,320 --> 00:10:37,679 Speaker 1: dapper as ever suit tie. 191 00:10:38,040 --> 00:10:40,240 Speaker 3: Adam looks like the Sydney person. Is I look like 192 00:10:40,280 --> 00:10:41,760 Speaker 3: the Tasmanian that I am. 193 00:10:41,960 --> 00:10:46,080 Speaker 1: He's probably wearing a Louis Viueton tie, which is right, 194 00:10:46,160 --> 00:10:48,160 Speaker 1: which I don't think is part of the LVMH, which 195 00:10:48,760 --> 00:10:52,720 Speaker 1: I know, of course is the other. He's the LVMH man. 196 00:10:52,960 --> 00:10:55,000 Speaker 1: He's the other top twelve person. 197 00:10:54,800 --> 00:10:56,360 Speaker 3: A genius or luxury marketing. 198 00:10:56,920 --> 00:11:01,720 Speaker 1: Yes, yes, true, Okay, so anyway, we've totally gone astray here. 199 00:11:01,840 --> 00:11:04,280 Speaker 1: My most remarkable story is just these tech titans, just 200 00:11:04,360 --> 00:11:06,880 Speaker 1: how wealthy they are. Adamski over to you. 201 00:11:07,080 --> 00:11:09,679 Speaker 2: It is a ripper of a story. Tech titan riches 202 00:11:10,280 --> 00:11:14,280 Speaker 2: Mine is superannuation returns a little something for everyone in 203 00:11:14,440 --> 00:11:18,000 Speaker 2: this world. Tim superannuation funds have quietly delivered one of 204 00:11:18,040 --> 00:11:22,319 Speaker 2: the most remarkable results in financial markets this financial year. 205 00:11:22,720 --> 00:11:25,120 Speaker 2: The median growth option returned ten and a half percent 206 00:11:25,160 --> 00:11:29,360 Speaker 2: in fiscal twenty five, outperforming the already strong returns of 207 00:11:29,400 --> 00:11:33,240 Speaker 2: the previous two years and pushing total three year returns 208 00:11:33,280 --> 00:11:36,480 Speaker 2: to over thirty percent. And that's According to super Ratings, 209 00:11:37,000 --> 00:11:40,120 Speaker 2: growth funds typically hold sixty one to eighty percent inequities, 210 00:11:40,360 --> 00:11:43,520 Speaker 2: and with international and Australians shares up nearly fourteen percent, 211 00:11:43,559 --> 00:11:47,440 Speaker 2: it's no wonder superannuation funds have surged. Private equity delivered 212 00:11:47,440 --> 00:11:50,600 Speaker 2: around nine and a half, Infrastructure performs strongly and even 213 00:11:50,679 --> 00:11:54,320 Speaker 2: traditionally defensive assets like local bonds are up seven and 214 00:11:54,400 --> 00:11:59,560 Speaker 2: global bonds plus five point four percent. Now chant West 215 00:11:59,679 --> 00:12:02,920 Speaker 2: says over the long term, growth funds are returning seven 216 00:12:02,960 --> 00:12:06,680 Speaker 2: point two, high growth eight point four and conservative balanced 217 00:12:06,920 --> 00:12:09,840 Speaker 2: five point nine. So at a time when global markets 218 00:12:09,880 --> 00:12:14,880 Speaker 2: are sensitive, Australian superannuation funds are a local powerhouse, growing 219 00:12:14,960 --> 00:12:19,600 Speaker 2: in international scale, compounding gains year after year, and according 220 00:12:19,640 --> 00:12:23,079 Speaker 2: to Finder, there are about twenty five million superannuation accounts 221 00:12:23,160 --> 00:12:29,720 Speaker 2: currently held in Australia, covering approximately seventeen million Australians. These 222 00:12:29,760 --> 00:12:34,560 Speaker 2: super returns are a remarkable win for every Australian superannuation holder. 223 00:12:34,679 --> 00:12:37,760 Speaker 1: Okay, I mean yet again a worthy story from Adam 224 00:12:38,000 --> 00:12:38,880 Speaker 1: over to you, Tim. 225 00:12:38,960 --> 00:12:43,560 Speaker 3: Yeah, I so we'll start with start with Sean pretty interesting, 226 00:12:43,600 --> 00:12:47,280 Speaker 3: actually surprised. While you were talking rich lists, we obviously 227 00:12:47,280 --> 00:12:51,280 Speaker 3: had the AFI Rich Bosses list with Richard White sitting 228 00:12:51,280 --> 00:12:53,160 Speaker 3: at the top. So I'm surprised you didn't bring that 229 00:12:53,200 --> 00:12:55,239 Speaker 3: back in, but perhaps that would have been a little. 230 00:12:55,000 --> 00:12:59,120 Speaker 1: Good blow misunderstood part of the omnibus. 231 00:12:58,640 --> 00:13:02,200 Speaker 3: Issue, something something of a brand issue with that particular 232 00:13:02,640 --> 00:13:06,280 Speaker 3: with that particular chap. So we probably won't won't necessarily 233 00:13:06,360 --> 00:13:09,800 Speaker 3: go all the way there. Uh So, So, yeah, that 234 00:13:09,840 --> 00:13:18,160 Speaker 3: felt like maybe a missed opportunity for Sean for for Adam. Interesting, yes, Markable, 235 00:13:19,240 --> 00:13:21,400 Speaker 3: maybe a stratch. So I'm going to give that one 236 00:13:21,400 --> 00:13:25,720 Speaker 3: to Sean. I was building on that one. 237 00:13:26,320 --> 00:13:30,040 Speaker 1: Oh, this is you know normally when Damski's judging is 238 00:13:30,120 --> 00:13:32,600 Speaker 1: he's such a nice person. He's saying, Michael, you know, 239 00:13:32,679 --> 00:13:34,520 Speaker 1: don't like this, but you're really good. Sewan, don't know this, 240 00:13:34,559 --> 00:13:37,480 Speaker 1: but you're really good. Tim Burrows comes in, whack Adam, 241 00:13:37,559 --> 00:13:39,280 Speaker 1: whack Sean off. We go move on with them. 242 00:13:39,360 --> 00:13:39,960 Speaker 3: It's just tough. 243 00:13:40,920 --> 00:13:43,720 Speaker 1: Yeah, definitely time for a break, cup of tea, perhaps 244 00:13:43,760 --> 00:13:45,280 Speaker 1: of becks and lie down and we'll be back in 245 00:13:45,280 --> 00:13:55,560 Speaker 1: a moment with the rest of the weekend edition. Okay, 246 00:13:55,600 --> 00:13:59,360 Speaker 1: we're back. We have Tim Burrows as our guest judge. Tim, 247 00:13:59,360 --> 00:14:01,880 Speaker 1: of course, is he and publisher of a Umbrella and Unmade, 248 00:14:01,880 --> 00:14:04,120 Speaker 1: as well as being the presenter of Media Land on 249 00:14:04,240 --> 00:14:07,280 Speaker 1: ABC Radio National even dooing that gig media I am. 250 00:14:07,559 --> 00:14:09,960 Speaker 3: We're halfway and I'm sort of beginning to figure out 251 00:14:10,200 --> 00:14:12,320 Speaker 3: a little bit of you know, how to turn on 252 00:14:12,360 --> 00:14:13,040 Speaker 3: the microphone. 253 00:14:14,280 --> 00:14:16,160 Speaker 2: If you can't listen on Friday nights, you can always 254 00:14:16,160 --> 00:14:17,480 Speaker 2: get the podcast straight away after. 255 00:14:17,840 --> 00:14:19,440 Speaker 3: That's it, so it can be you can make it 256 00:14:19,480 --> 00:14:24,360 Speaker 3: part of your Saturday morning maybe after the weekend edition. 257 00:14:24,560 --> 00:14:26,560 Speaker 1: That's right, not before, but after. 258 00:14:28,560 --> 00:14:29,320 Speaker 2: It's a great show. 259 00:14:29,440 --> 00:14:32,640 Speaker 1: It is a great show. We have a category each 260 00:14:32,680 --> 00:14:37,480 Speaker 1: week which is a mystery category. This week the mystery 261 00:14:37,520 --> 00:14:46,040 Speaker 1: category our favorite science story of the week. Now, when 262 00:14:46,080 --> 00:14:49,560 Speaker 1: I was at university and beyond, I used to read 263 00:14:49,560 --> 00:14:53,000 Speaker 1: the Economists, right because I used to think I'm pretty smart, 264 00:14:53,000 --> 00:14:53,920 Speaker 1: I need to read the Economy. 265 00:14:55,040 --> 00:14:57,760 Speaker 3: Do you read the Economist? 266 00:14:57,920 --> 00:15:02,200 Speaker 1: It preaches a bit to me, but part of the 267 00:15:02,240 --> 00:15:04,440 Speaker 1: story is good. I didn't relate the economics so much, 268 00:15:04,520 --> 00:15:08,000 Speaker 1: notwithstanding trying to become an economist. But their nature and 269 00:15:08,080 --> 00:15:11,960 Speaker 1: science stories were the best and they still remain up there. 270 00:15:12,000 --> 00:15:15,480 Speaker 1: So this is like favorite science story. So I'm not scientific, 271 00:15:15,840 --> 00:15:18,080 Speaker 1: but god, I love these science stories. 272 00:15:18,160 --> 00:15:20,400 Speaker 2: Yeah, and they so related to business. Think about what 273 00:15:20,520 --> 00:15:24,000 Speaker 2: NASA did for technology. You know, we wouldn't have the mouth. 274 00:15:24,120 --> 00:15:24,760 Speaker 3: That's about it. 275 00:15:24,880 --> 00:15:29,680 Speaker 1: Mine's got nothing to do with business whatsoever. Today, tell 276 00:15:29,760 --> 00:15:32,080 Speaker 1: me your favorite science story of the week, Adam, all right, 277 00:15:32,320 --> 00:15:34,800 Speaker 1: it may sound like science fiction, but this story is 278 00:15:34,840 --> 00:15:38,160 Speaker 1: a medical breakthrough from the UK. Eight babies have been 279 00:15:38,600 --> 00:15:39,800 Speaker 1: backing up to the judge. 280 00:15:39,840 --> 00:15:43,200 Speaker 3: Well, it was an accidental benefit. 281 00:15:43,840 --> 00:15:46,640 Speaker 2: These eight babies have been born using DNA from three 282 00:15:46,800 --> 00:15:50,920 Speaker 2: people to prevent mitochondrial disease. The UK was the first 283 00:15:50,920 --> 00:15:54,560 Speaker 2: country to legalize the procedure and the end result, children 284 00:15:54,600 --> 00:15:58,000 Speaker 2: are born free of this often fatal condition, which affects 285 00:15:58,000 --> 00:16:01,720 Speaker 2: about one in five thousand babies, starves the body of energy. 286 00:16:02,520 --> 00:16:05,960 Speaker 2: As reported by the BBC this week, the pioneering technique, 287 00:16:05,960 --> 00:16:09,760 Speaker 2: developed at the UK's Newcastle University and delivered via their 288 00:16:09,840 --> 00:16:14,080 Speaker 2: national Health system, uses DNA from the biological parents, plus 289 00:16:14,120 --> 00:16:16,240 Speaker 2: a tiny amount that's just zero point one of a 290 00:16:16,280 --> 00:16:21,880 Speaker 2: percent from female from a female donor to replace defective mitochondria. So, 291 00:16:22,040 --> 00:16:25,400 Speaker 2: in great news, all eight children are healthy with another 292 00:16:25,440 --> 00:16:29,560 Speaker 2: pregnancy underway, and since mitochondria are passed from mother to child, 293 00:16:29,920 --> 00:16:34,120 Speaker 2: the genetic fix becomes permanent. It's an incredible step forward 294 00:16:34,200 --> 00:16:38,360 Speaker 2: in generational disease prevention, and my favorite science story of 295 00:16:38,400 --> 00:16:40,600 Speaker 2: the week, Sean, probably. 296 00:16:40,400 --> 00:16:42,640 Speaker 1: That story at the end of the days. You can't 297 00:16:42,680 --> 00:16:45,240 Speaker 1: be critical of it whatsoever is Yeah? 298 00:16:45,360 --> 00:16:46,880 Speaker 3: Have you noticed though, He's beginning to get a better 299 00:16:46,840 --> 00:16:50,640 Speaker 3: of a technique of choosing stories like that, the worthiness 300 00:16:50,680 --> 00:16:51,560 Speaker 3: the worthy. 301 00:16:51,280 --> 00:16:56,240 Speaker 1: Story minds less worthy, less business, really, but entertaining. We 302 00:16:56,320 --> 00:16:59,920 Speaker 1: found out this week that animals react to sounds being 303 00:17:00,080 --> 00:17:06,399 Speaker 1: made by plants. This is the possibility that an invisible 304 00:17:06,440 --> 00:17:10,080 Speaker 1: ecosystem exists out there in the world that we humans 305 00:17:10,119 --> 00:17:12,639 Speaker 1: know nothing about. In the first ever such evidence, a 306 00:17:12,720 --> 00:17:17,080 Speaker 1: team at Tel Aviv University found that female moths avoided 307 00:17:17,280 --> 00:17:22,240 Speaker 1: laying eggs on tomato plants if those plants made noises 308 00:17:22,240 --> 00:17:26,679 Speaker 1: that they associated with distress, to the indication the tomato 309 00:17:26,680 --> 00:17:29,360 Speaker 1: plants saying, oh no, my healthy, don't lay your egg here, 310 00:17:29,680 --> 00:17:32,600 Speaker 1: and the moth doesn't. Isn't this phenomenal. The team was 311 00:17:32,640 --> 00:17:34,600 Speaker 1: also the first to show two years ago that plants 312 00:17:34,600 --> 00:17:38,800 Speaker 1: scream when they're distressed unhealthy, literally make a noise. The 313 00:17:38,880 --> 00:17:40,840 Speaker 1: sounds are outside the range of human hearing, can be 314 00:17:40,880 --> 00:17:44,800 Speaker 1: perceived by many insects, bats, and some mammals, the academics 315 00:17:44,800 --> 00:17:47,640 Speaker 1: concede it is speculation at this stage, but it's possible 316 00:17:48,080 --> 00:17:51,080 Speaker 1: that all sorts of animals make decisions based on the 317 00:17:51,160 --> 00:17:55,880 Speaker 1: sounds they hear from plants, such as whether pollinate, hide 318 00:17:55,960 --> 00:17:58,800 Speaker 1: inside them, eat the plant, that type of thing. Another 319 00:17:58,880 --> 00:18:01,600 Speaker 1: area of investigations the plants can pass information to each 320 00:18:01,600 --> 00:18:04,560 Speaker 1: other through sound or act in response, such as conserving 321 00:18:04,560 --> 00:18:06,960 Speaker 1: the water that type of thing. Can you imagine the 322 00:18:06,960 --> 00:18:11,760 Speaker 1: conversations like it'd be like, oh, Maggie, Maggie, the cavoodle's 323 00:18:11,760 --> 00:18:12,400 Speaker 1: on the way over. 324 00:18:14,680 --> 00:18:16,880 Speaker 2: Distress. 325 00:18:17,280 --> 00:18:19,480 Speaker 1: But dang, you think it's very cool that they could 326 00:18:19,520 --> 00:18:24,840 Speaker 1: be this little ecosystem of plants communicating to each other 327 00:18:25,680 --> 00:18:28,240 Speaker 1: and to others about there's a. 328 00:18:28,200 --> 00:18:31,639 Speaker 3: Whole pixel movie in that life of bugs. 329 00:18:32,480 --> 00:18:35,359 Speaker 1: Surely sure you know which is the one where the 330 00:18:35,440 --> 00:18:40,439 Speaker 1: humans are the idiots? I don't know, there's the plants 331 00:18:40,440 --> 00:18:42,360 Speaker 1: actually know what's going to answer one of those ones? 332 00:18:42,400 --> 00:18:45,760 Speaker 1: I think it was. Yeah, I just think that's phenomenal. 333 00:18:45,800 --> 00:18:48,320 Speaker 1: I mean, what that got to do with business lots 334 00:18:48,320 --> 00:18:49,760 Speaker 1: to the tomato growlers out there? 335 00:18:50,960 --> 00:18:51,400 Speaker 3: Myself? 336 00:18:51,440 --> 00:18:54,520 Speaker 1: That the tomato growers out there, who are you know, 337 00:18:55,200 --> 00:18:56,760 Speaker 1: worried about the moths pollinating? 338 00:18:56,800 --> 00:18:59,199 Speaker 2: If only we could hear the distress, Maybe we can 339 00:18:59,240 --> 00:19:00,479 Speaker 2: get more productive crops. 340 00:19:01,240 --> 00:19:08,360 Speaker 3: Yes, I hey, look, certainly an esoteric category, which resulted 341 00:19:08,440 --> 00:19:14,720 Speaker 3: in slightly lower scores for both of you. No, Sean 342 00:19:14,800 --> 00:19:18,000 Speaker 3: did have of life. Sean did have his nose just 343 00:19:18,000 --> 00:19:19,800 Speaker 3: to have. But I can't let the dessing of the 344 00:19:19,840 --> 00:19:24,440 Speaker 3: economists go past as my favorite magazine is your favorite, 345 00:19:24,680 --> 00:19:25,600 Speaker 3: it's my favorite magazine. 346 00:19:25,840 --> 00:19:28,560 Speaker 1: So I have a great friend called Sean Turnell, and 347 00:19:28,600 --> 00:19:31,879 Speaker 1: Sean's quite famous because he was for five hundred days 348 00:19:31,920 --> 00:19:35,600 Speaker 1: held captive in Mienmar, and he was interviewed by the 349 00:19:35,640 --> 00:19:39,080 Speaker 1: economists only in the last couple of weeks on what's 350 00:19:39,119 --> 00:19:42,480 Speaker 1: going on in mem and he posted in the last 351 00:19:42,480 --> 00:19:45,720 Speaker 1: ten days absolutely blasting the economist saying, well, no, they 352 00:19:45,760 --> 00:19:49,320 Speaker 1: haven't represented me. And Sean is very pro me and MA. 353 00:19:50,880 --> 00:19:56,359 Speaker 1: But his comment was there a lot of the journalists 354 00:19:57,119 --> 00:20:01,800 Speaker 1: are highly intelligent graduates of I don't know his Oxford 355 00:20:01,800 --> 00:20:05,840 Speaker 1: are one of those something like that, trying to tell 356 00:20:05,920 --> 00:20:08,560 Speaker 1: us what they think of the world. And he absolutely 357 00:20:08,920 --> 00:20:12,359 Speaker 1: And the problem is I find the economist does lecture 358 00:20:12,400 --> 00:20:14,400 Speaker 1: to me a little bit, And then when I read 359 00:20:14,400 --> 00:20:16,960 Speaker 1: that from a friend, I'm like, oh, that's just reinforced 360 00:20:17,000 --> 00:20:18,400 Speaker 1: my view, So I'm. 361 00:20:18,240 --> 00:20:21,879 Speaker 2: Just gonna be wrong going favorite magazine. 362 00:20:22,640 --> 00:20:24,240 Speaker 3: I think the thing is maybe I like it because 363 00:20:24,400 --> 00:20:27,560 Speaker 3: you know, it just sort of feeds my inferiority complex. 364 00:20:27,680 --> 00:20:29,600 Speaker 3: So I figure, there is you know this, this, this, 365 00:20:29,760 --> 00:20:33,080 Speaker 3: this higher tier of Oxbridge graduates who. 366 00:20:32,880 --> 00:20:35,240 Speaker 1: Know in the end, I get that, and they talk 367 00:20:35,280 --> 00:20:37,879 Speaker 1: about stuff that I just don't know anything about, and 368 00:20:37,920 --> 00:20:39,520 Speaker 1: so you really like and. 369 00:20:39,480 --> 00:20:40,960 Speaker 3: Then you read it and then you can pretend that 370 00:20:41,000 --> 00:20:41,240 Speaker 3: you do. 371 00:20:42,080 --> 00:20:45,520 Speaker 1: Yes, Oh okay, I like it. Right, he's come back. 372 00:20:46,720 --> 00:20:49,480 Speaker 3: And for the record, it was that rand was a 373 00:20:49,520 --> 00:20:50,600 Speaker 3: d all gone. 374 00:20:51,560 --> 00:20:54,520 Speaker 1: So we got we don't know the points and we 375 00:20:54,560 --> 00:20:55,800 Speaker 1: don't need we don't know the. 376 00:20:55,720 --> 00:20:58,040 Speaker 3: Points, but it's one and a half rounds each. 377 00:20:58,200 --> 00:21:01,080 Speaker 1: One and a half to one and a half. This 378 00:21:01,359 --> 00:21:08,040 Speaker 1: is scary. Starffback favorite story a dance ki matey, all right, 379 00:21:08,200 --> 00:21:11,040 Speaker 1: make it interesting because we've had three very worthy stories. 380 00:21:11,119 --> 00:21:13,400 Speaker 2: Yeah, I was planning on being so much further ahead 381 00:21:13,440 --> 00:21:15,199 Speaker 2: at this point because I've taken a bit of an 382 00:21:15,200 --> 00:21:19,639 Speaker 2: indulgence on this one. My favorite story of the week 383 00:21:20,359 --> 00:21:22,280 Speaker 2: is that this week we found out that a fullsome 384 00:21:22,440 --> 00:21:25,960 Speaker 2: version of a Treasury briefing paper was accidentally released to 385 00:21:26,000 --> 00:21:30,080 Speaker 2: the ABC, revealing blunt advice for the Albanezy government. The 386 00:21:30,080 --> 00:21:33,680 Speaker 2: budget cannot be fixed without raising taxes and cutting spending, 387 00:21:34,160 --> 00:21:36,760 Speaker 2: and the flagship goal to build one point two million 388 00:21:36,840 --> 00:21:40,520 Speaker 2: homes in five years quote will not be met. The 389 00:21:40,560 --> 00:21:43,520 Speaker 2: Treasury report was provided after Labour's re election, and the 390 00:21:43,520 --> 00:21:49,920 Speaker 2: document suggests increasing indire indirect taxes like the GST, taxing superannuation, 391 00:21:50,000 --> 00:21:55,159 Speaker 2: while reducing personal and company taxes to boost participation and investment. 392 00:21:55,600 --> 00:22:00,159 Speaker 2: It also critiques the dysfunctional National Housing Infrastructure model and 393 00:22:00,280 --> 00:22:02,760 Speaker 2: raises concerns about delivery capability. 394 00:22:03,119 --> 00:22:05,600 Speaker 1: If this is your favorite story, you bet carry on 395 00:22:05,720 --> 00:22:06,639 Speaker 1: is your favorite story. 396 00:22:06,760 --> 00:22:08,960 Speaker 2: Yeah, I'm hoping I'll bring it all home. 397 00:22:09,480 --> 00:22:11,680 Speaker 1: I'm looking at Tim and he's smiling way too much 398 00:22:11,720 --> 00:22:12,640 Speaker 1: for my comfort zone. 399 00:22:12,760 --> 00:22:16,120 Speaker 3: Demandment journalist slight leaks. 400 00:22:16,040 --> 00:22:18,640 Speaker 1: The Treasury paper is a rare It's not the leak 401 00:22:18,680 --> 00:22:21,800 Speaker 1: that Adam's excited about the productivity study it. 402 00:22:23,080 --> 00:22:26,119 Speaker 2: So the Treasury paper is a rare insight into the 403 00:22:26,160 --> 00:22:29,879 Speaker 2: economic warnings facing Treasurer Jim Charmers, and a reminder that 404 00:22:29,920 --> 00:22:33,320 Speaker 2: budget repair and housing reform will not come easily. As 405 00:22:33,359 --> 00:22:36,600 Speaker 2: someone with a thinly disguised passion for reform the sky, 406 00:22:36,800 --> 00:22:41,119 Speaker 2: I hope I hope this sparks the urgency Australian needs, 407 00:22:41,320 --> 00:22:45,720 Speaker 2: turning our structural budget crisis into an opportunity. We must 408 00:22:45,760 --> 00:22:49,320 Speaker 2: lift productivity, think ahead of our short term hip pockets, 409 00:22:49,600 --> 00:22:52,640 Speaker 2: and stop handing the country to our children in worse 410 00:22:52,680 --> 00:22:54,879 Speaker 2: shape than we found it. The path the head may 411 00:22:54,920 --> 00:22:58,199 Speaker 2: be hard, but the steaks are generational. This week, the 412 00:22:58,240 --> 00:23:01,919 Speaker 2: ABC's Freedom of information quest has given us proof of 413 00:23:01,960 --> 00:23:04,760 Speaker 2: what the federal federal Treasury knows we need to do, 414 00:23:05,119 --> 00:23:07,640 Speaker 2: and that is why it's my favorite story of the week. 415 00:23:08,000 --> 00:23:11,640 Speaker 2: Fire Up Australia. Let's get productive on an international scale, 416 00:23:11,920 --> 00:23:15,120 Speaker 2: if not for ourselves, for the kids, for the kiddies. 417 00:23:15,800 --> 00:23:18,439 Speaker 1: So what I would like to say Tim is that 418 00:23:18,480 --> 00:23:20,840 Speaker 1: he has no interest in the leak whatsoever, so that 419 00:23:20,880 --> 00:23:22,159 Speaker 1: cannot be part of the story. 420 00:23:22,240 --> 00:23:23,000 Speaker 3: The data. 421 00:23:23,080 --> 00:23:26,480 Speaker 1: It's just the self evident information that Treasury gave. 422 00:23:27,800 --> 00:23:28,640 Speaker 2: Beautiful leak. 423 00:23:29,200 --> 00:23:32,920 Speaker 3: But if it was, like Siri, please show me an 424 00:23:32,960 --> 00:23:36,760 Speaker 3: exact summary of the classic Adam answer, and I think 425 00:23:36,760 --> 00:23:38,000 Speaker 3: we've just heard founded. 426 00:23:38,320 --> 00:23:41,280 Speaker 1: I like it very true, that's another work, but that no. 427 00:23:41,400 --> 00:23:44,440 Speaker 3: That might be, that might might might even be a compliments. 428 00:23:46,040 --> 00:23:49,480 Speaker 1: Better. That is why Tim's unnerving, because you're never sure 429 00:23:49,520 --> 00:23:51,480 Speaker 1: what he's thinking, and he goes that might even be 430 00:23:51,520 --> 00:23:54,320 Speaker 1: a compliment, so that it's not don't know what you 431 00:23:54,359 --> 00:23:57,400 Speaker 1: don't know, You've got no idea right back fifteen twenty 432 00:23:57,480 --> 00:23:58,960 Speaker 1: years ago and I sat next to him on the 433 00:23:58,960 --> 00:24:00,720 Speaker 1: panel and he started talking to me and no one 434 00:24:00,720 --> 00:24:03,600 Speaker 1: was listening because everyone's listening to him. That's unnerving. 435 00:24:03,920 --> 00:24:05,080 Speaker 2: Not that you're holding onto it. 436 00:24:05,160 --> 00:24:08,119 Speaker 1: No, no, I'll let it go. My favorite story. It 437 00:24:08,160 --> 00:24:10,359 Speaker 1: might be a little dry actually though it's all a 438 00:24:10,400 --> 00:24:12,760 Speaker 1: relative Adam, so I know you were talking productivity, so 439 00:24:12,800 --> 00:24:15,520 Speaker 1: it's not that bad. It's my favorite story because it 440 00:24:15,560 --> 00:24:20,240 Speaker 1: illustrates the enormous challenge Australia in the world has shifting 441 00:24:20,520 --> 00:24:25,160 Speaker 1: to a carbon neutral planet. Almost every large solar farmer 442 00:24:25,160 --> 00:24:27,760 Speaker 1: in australia Southeastern States will be forced to switch off 443 00:24:27,800 --> 00:24:30,119 Speaker 1: at least one third of the power they generate by 444 00:24:30,160 --> 00:24:33,320 Speaker 1: twenty twenty seven because we don't have the poles and 445 00:24:33,359 --> 00:24:35,840 Speaker 1: wires in place. This is according to the Australian Energy 446 00:24:35,880 --> 00:24:38,880 Speaker 1: Market Operator, the regulators. I think we can say it's 447 00:24:38,960 --> 00:24:42,440 Speaker 1: a fair Dinkham report. Major solo farms in Victoria and 448 00:24:42,480 --> 00:24:45,040 Speaker 1: South Australia are forecaster have shut off rates of more 449 00:24:45,040 --> 00:24:47,760 Speaker 1: than thirty five percent within the next couple of years. 450 00:24:47,760 --> 00:24:50,360 Speaker 1: Several major projects are likely to be forced to shed 451 00:24:50,520 --> 00:24:54,040 Speaker 1: more than sixty five percent of their power, the analysis shows. 452 00:24:54,400 --> 00:24:57,400 Speaker 1: Im said Victorian and South Australia shot off rates forecast 453 00:24:57,400 --> 00:24:59,760 Speaker 1: to be particularly high as the big growth of new 454 00:24:59,760 --> 00:25:04,040 Speaker 1: reas renewable energy projects hasn't been mentioned matched with the 455 00:25:04,080 --> 00:25:07,920 Speaker 1: equivalent growth in infrastructure poles and WISE. Point being this 456 00:25:07,960 --> 00:25:11,320 Speaker 1: isn't just about building wind and solar farms. We talk 457 00:25:11,359 --> 00:25:15,320 Speaker 1: about that all the time as important, maybe more important 458 00:25:15,400 --> 00:25:20,280 Speaker 1: really is actually getting that energy from the farm to 459 00:25:20,320 --> 00:25:23,480 Speaker 1: the business to the household. 460 00:25:23,520 --> 00:25:24,600 Speaker 2: Somewhere we can use it. 461 00:25:25,000 --> 00:25:27,840 Speaker 1: Yeah, it's probable that we will actually be generating enough 462 00:25:27,880 --> 00:25:30,919 Speaker 1: renewable power. We just won't be able to shift the 463 00:25:31,080 --> 00:25:33,879 Speaker 1: energy to where it's going to go. And this is 464 00:25:33,920 --> 00:25:36,280 Speaker 1: my favorite story because it's the first time this week 465 00:25:36,320 --> 00:25:39,800 Speaker 1: that I thought, wow, we thirty five percent of power. 466 00:25:40,320 --> 00:25:42,720 Speaker 1: We're just going to have to shaft because we can't 467 00:25:42,760 --> 00:25:46,200 Speaker 1: get it now. Hopefully the government with AEMO with private 468 00:25:46,240 --> 00:25:50,320 Speaker 1: sector get together work out poles and WISE and maybe 469 00:25:50,400 --> 00:25:53,480 Speaker 1: we can get some technical breakthroughs too to use existing 470 00:25:53,520 --> 00:25:56,720 Speaker 1: poles and WISE. Not there yet, but it's my favorite Strokes. 471 00:25:56,720 --> 00:25:58,920 Speaker 1: It just made me realize, Wow, we are so far 472 00:25:59,320 --> 00:26:04,399 Speaker 1: from getting to work. We need to go team well. 473 00:26:04,480 --> 00:26:10,040 Speaker 3: Both Well argued, Actually, yeah, I I do. Yeah, as 474 00:26:10,080 --> 00:26:13,080 Speaker 3: I say, I do like government policy ending up in 475 00:26:13,080 --> 00:26:15,639 Speaker 3: the public domain when they didn't want it to. So 476 00:26:15,800 --> 00:26:19,280 Speaker 3: I am very I'm very into solar policy, though I 477 00:26:19,280 --> 00:26:25,400 Speaker 3: do find that fascinating. I've got my solar panels are 478 00:26:25,640 --> 00:26:28,240 Speaker 3: I've got my electric car, and I suffer I suffer 479 00:26:28,240 --> 00:26:31,679 Speaker 3: from range anxiety, just like just like every electric car. 480 00:26:32,640 --> 00:26:36,240 Speaker 3: So I've actually ended up that one actually ends up. 481 00:26:36,480 --> 00:26:39,479 Speaker 3: I've got both of you on twenty two points. So 482 00:26:40,000 --> 00:26:40,679 Speaker 3: what happened? 483 00:26:40,720 --> 00:26:46,600 Speaker 1: Sean, the great Tim Burrows, the many people, that is, 484 00:26:46,880 --> 00:26:52,320 Speaker 1: the man who we criticized for being has come in 485 00:26:52,320 --> 00:26:55,720 Speaker 1: to Yeah true, has come in today and scored us 486 00:26:55,760 --> 00:26:57,479 Speaker 1: to one and a half one. 487 00:26:57,760 --> 00:27:00,159 Speaker 3: Yes, when I scored the overall points though they is 488 00:27:00,200 --> 00:27:04,080 Speaker 3: a winner. Now, firstly, I think I ought to. I 489 00:27:04,119 --> 00:27:06,880 Speaker 3: did say I'll give somebody a point for sledge, So 490 00:27:07,080 --> 00:27:09,520 Speaker 3: I think I am going to give that to Sean 491 00:27:09,600 --> 00:27:12,720 Speaker 3: actually for the pointing out their happy snaps on the 492 00:27:12,840 --> 00:27:16,919 Speaker 3: on the Great Wall, which actually extends the margin of 493 00:27:16,960 --> 00:27:24,679 Speaker 3: Shawn's victory by eighty four points. To eighty two points. Congratulations, Adam, 494 00:27:24,960 --> 00:27:26,240 Speaker 3: take everything back. 495 00:27:29,119 --> 00:27:32,159 Speaker 1: You no longer do you unnerve me. I have confidence 496 00:27:32,200 --> 00:27:35,440 Speaker 1: in you. I believe that you are the great. 497 00:27:35,240 --> 00:27:38,320 Speaker 3: Judge until next time. 498 00:27:38,640 --> 00:27:41,120 Speaker 1: Until next night, Tim, we will ask you back now. 499 00:27:41,160 --> 00:27:45,280 Speaker 1: It was very much. It was touching down until your 500 00:27:45,280 --> 00:27:48,040 Speaker 1: final comments. Thank you very much for being our guest judge, 501 00:27:48,040 --> 00:27:51,359 Speaker 1: and good luck with all your media outlets. Thank you 502 00:27:51,440 --> 00:27:55,040 Speaker 1: for the invitation, always a pleasure, never ature and thank you, 503 00:27:55,200 --> 00:27:57,280 Speaker 1: Thank you Sean, thank you, Tim, I guess judge and 504 00:27:57,440 --> 00:27:59,840 Speaker 1: of course Tim Burrow's founder and publisher of Umbrella and 505 00:28:00,080 --> 00:28:02,760 Speaker 1: made in the presenter of Media Land at ABC, at 506 00:28:02,800 --> 00:28:05,520 Speaker 1: ABC Radio National space it's on, but it's probably at 507 00:28:05,600 --> 00:28:09,000 Speaker 1: really just as well ABC Radio National DMFSKI. Of course 508 00:28:09,040 --> 00:28:11,439 Speaker 1: he'll be back next week judging. Michael Thompson will be 509 00:28:11,480 --> 00:28:13,720 Speaker 1: back next week. Make sure you're following the podcast. Join 510 00:28:13,800 --> 00:28:17,280 Speaker 1: us online on LinkedIn, Instagram, TikTok, Facebook and x I'm 511 00:28:17,320 --> 00:28:19,400 Speaker 1: sure Ailma. And that was the weekend edition by Fear 512 00:28:19,400 --> 00:28:22,040 Speaker 1: and Greed Business News. We hope we have a great weekend.