1 00:00:10,614 --> 00:00:15,254 Speaker 1: You're listening to a Muma Mea podcast. Mumma Mea acknowledges 2 00:00:15,334 --> 00:00:18,134 Speaker 1: the traditional owners of land and waters that this podcast 3 00:00:18,214 --> 00:00:18,894 Speaker 1: is recorded on. 4 00:00:21,974 --> 00:00:26,094 Speaker 2: Hey, I'm Taylorstrano. This is Mumma Mer's twice daily news podcast, 5 00:00:26,134 --> 00:00:29,734 Speaker 2: The Quickie. The US is threatening to slab a two 6 00:00:29,814 --> 00:00:33,534 Speaker 2: hundred percent tariff on pharmaceuticals and a fifty percent tariff 7 00:00:33,574 --> 00:00:37,574 Speaker 2: on copper. So what does that mean for Australia? Plus 8 00:00:37,694 --> 00:00:41,934 Speaker 2: what actually makes someone cool? Apparently science has finally cracked 9 00:00:41,934 --> 00:00:45,134 Speaker 2: the code before we get there. Hugh's Clare Murphy with 10 00:00:45,174 --> 00:00:48,214 Speaker 2: the latest from The Quickie newsroom for Thursday. 11 00:00:47,854 --> 00:00:51,454 Speaker 1: July ten, Thanks Taylor. The court overseeing the recent Aaron 12 00:00:51,534 --> 00:00:55,374 Speaker 1: Patterson mushroom trial has confirmed sequestered jurors were placed in 13 00:00:55,414 --> 00:00:59,054 Speaker 1: the same hotel as the police informant Stephen Eppingstall and 14 00:00:59,214 --> 00:01:03,854 Speaker 1: prosecutors while they deliberated, just as Christopher Bial's associate emailed 15 00:01:03,854 --> 00:01:07,334 Speaker 1: both defense and prosecution about the incident, but said there 16 00:01:07,374 --> 00:01:10,974 Speaker 1: had been no interaction between prosecutor, police and the jury, 17 00:01:11,254 --> 00:01:13,254 Speaker 1: saying that the jury have had a separate floor to 18 00:01:13,294 --> 00:01:16,294 Speaker 1: themselves and have eaten their meals in a conference room 19 00:01:16,414 --> 00:01:19,414 Speaker 1: separate from other guests. Of the hotel, but all guests 20 00:01:19,494 --> 00:01:22,254 Speaker 1: used the same entrance at the hotel. Most hotels in 21 00:01:22,294 --> 00:01:24,694 Speaker 1: the area had been booked out as the National Tennis 22 00:01:24,734 --> 00:01:27,814 Speaker 1: Table Championships were being held in the Latrobe Valley at 23 00:01:27,854 --> 00:01:31,014 Speaker 1: the same time as the jury entered its final days deliberating. 24 00:01:31,414 --> 00:01:34,454 Speaker 1: On Monday morning, the prosecution emailed the associate to say 25 00:01:34,454 --> 00:01:37,094 Speaker 1: they were no longer staying at the same hotel and 26 00:01:37,134 --> 00:01:39,174 Speaker 1: that the informant had been staying in a different wing 27 00:01:39,214 --> 00:01:41,894 Speaker 1: of the property and was using a different entrance to 28 00:01:41,934 --> 00:01:44,734 Speaker 1: the jurors, who was also taking steps to avoid common 29 00:01:44,774 --> 00:01:46,854 Speaker 1: areas from the point that he'd become aware that they 30 00:01:46,894 --> 00:01:49,774 Speaker 1: were there. The prosecution's legal team had to move from 31 00:01:49,774 --> 00:01:52,454 Speaker 1: its accommodation on Friday, and tried to move again when 32 00:01:52,494 --> 00:01:55,254 Speaker 1: it became aware the jury was there. However, due to 33 00:01:55,254 --> 00:01:58,494 Speaker 1: a lack of available accommodation, they could only move Senior 34 00:01:58,574 --> 00:02:03,494 Speaker 1: Council prosecution solicitors stayed. They confirmed the prosecution solicitors did 35 00:02:03,494 --> 00:02:06,254 Speaker 1: not interact with the jury at any stage and also 36 00:02:06,294 --> 00:02:10,654 Speaker 1: took steps to avoid any incidental contact in common areas. Patterson, 37 00:02:10,694 --> 00:02:12,814 Speaker 1: who was found guilty of three counts of murder and 38 00:02:12,894 --> 00:02:15,174 Speaker 1: one of attempted murder in the debts of her former 39 00:02:15,214 --> 00:02:18,334 Speaker 1: in laws and extended family members after serving them beef 40 00:02:18,374 --> 00:02:22,014 Speaker 1: Wellington's laced with death cap mushrooms. Whill next faced court 41 00:02:22,094 --> 00:02:24,774 Speaker 1: later in twenty twenty five for a pre sentencing hearing. 42 00:02:25,294 --> 00:02:29,214 Speaker 1: A second major childcare operator is rolling out CCTV cameras 43 00:02:29,214 --> 00:02:32,054 Speaker 1: in hundreds of facilities after two of its staff were 44 00:02:32,174 --> 00:02:36,814 Speaker 1: charged with sexually abusing children. Childcare provider Affinity Education Group, 45 00:02:36,854 --> 00:02:40,494 Speaker 1: on Wednesday announced that it would fast track installing CCTV 46 00:02:40,894 --> 00:02:43,854 Speaker 1: in over two hundred and fifty of its facilities following 47 00:02:43,854 --> 00:02:48,574 Speaker 1: disturbing accusations against former employee Joshua Dale Brown. Allegations of 48 00:02:48,654 --> 00:02:51,934 Speaker 1: child sex abuse against Brown sent shockwaves through the industry 49 00:02:52,254 --> 00:02:54,374 Speaker 1: after the twenty six year old was charged with more 50 00:02:54,414 --> 00:02:58,134 Speaker 1: than seventy sex offenses. The alleged abuse involved eight children 51 00:02:58,214 --> 00:03:01,374 Speaker 1: a Creative Garden early learning center in Melbourne's West which 52 00:03:01,454 --> 00:03:04,854 Speaker 1: is operated by rival provider G eight Education. He was 53 00:03:04,934 --> 00:03:07,254 Speaker 1: arrested in May and it was revealed he worked at 54 00:03:07,334 --> 00:03:11,574 Speaker 1: twenty childcare facilities across Melbourne between twenty seventeen and twenty 55 00:03:11,614 --> 00:03:15,054 Speaker 1: twenty five. Affinity's announcement came a day after G eight 56 00:03:15,134 --> 00:03:18,174 Speaker 1: announced it will put CCTV cameras into its more than 57 00:03:18,214 --> 00:03:22,014 Speaker 1: four hundred centers and pledged an independent review once criminal 58 00:03:22,054 --> 00:03:25,294 Speaker 1: proceedings were finalized. Affinity, which is owned by a private 59 00:03:25,294 --> 00:03:28,174 Speaker 1: equity firm, also confirmed it had reported a new South 60 00:03:28,174 --> 00:03:32,214 Speaker 1: Wales employee to police after sexual abuse allegations against the 61 00:03:32,254 --> 00:03:36,254 Speaker 1: worker were raised. Pope Leo has told visiting Ukrainian President 62 00:03:36,294 --> 00:03:39,854 Speaker 1: Vlodomi Zelenski that the Vatican is willing to host Russia 63 00:03:39,974 --> 00:03:43,174 Speaker 1: Ukraine peace talks. The Pope met with the Ukrainian leader 64 00:03:43,214 --> 00:03:45,534 Speaker 1: for the second time in his two month old papacy 65 00:03:45,854 --> 00:03:49,694 Speaker 1: in Castel Gandolfo, a small Italian hilltown not far from Rome, 66 00:03:49,854 --> 00:03:52,254 Speaker 1: where the Pope is having a two week holiday. The 67 00:03:52,294 --> 00:03:54,974 Speaker 1: pair also discussed the urgent need for a just and 68 00:03:55,094 --> 00:03:58,934 Speaker 1: lasting piece. Zelenski posted on social media that holding talks 69 00:03:58,934 --> 00:04:01,774 Speaker 1: with Russia and the Vatican would be entirely possible with 70 00:04:01,854 --> 00:04:05,174 Speaker 1: the goal of stopping Russian aggression and achieving a stable, 71 00:04:05,254 --> 00:04:08,454 Speaker 1: lasting and genuine peace, but he said Russia had rejected 72 00:04:08,454 --> 00:04:12,734 Speaker 1: such proposals, as it has turned down all other peace initiatives. Overnight, 73 00:04:12,814 --> 00:04:15,894 Speaker 1: Russia find a record seven hundred and twenty eight drones 74 00:04:15,934 --> 00:04:18,894 Speaker 1: at Ukraine as well. As thirteen missiles in the latest 75 00:04:18,974 --> 00:04:22,574 Speaker 1: escalation after mounting Russian aerial and ground attacks in the 76 00:04:22,614 --> 00:04:26,774 Speaker 1: more than three year war. The Elon Musk founded company XAI, 77 00:04:26,894 --> 00:04:29,774 Speaker 1: who developed the chatbot Grok, has removed what it called 78 00:04:29,814 --> 00:04:33,774 Speaker 1: inappropriate social media posts after complaints from users on the 79 00:04:33,814 --> 00:04:37,694 Speaker 1: social media platform x and the Anti Defamation League. It 80 00:04:37,774 --> 00:04:40,454 Speaker 1: was brought to their attention that Grok had produced content 81 00:04:40,534 --> 00:04:44,614 Speaker 1: with anti Semitic tropes and praise for Adolf Hitler. Issues 82 00:04:44,654 --> 00:04:48,014 Speaker 1: of political biases, hate speech, and the accuracy of AI 83 00:04:48,134 --> 00:04:50,934 Speaker 1: chatbots have been a concern since at least the launch 84 00:04:50,974 --> 00:04:54,654 Speaker 1: of Open AI's chat GPT in twenty twenty two. Grok 85 00:04:54,734 --> 00:04:57,374 Speaker 1: posted to Exit they are aware of recent posts made 86 00:04:57,454 --> 00:05:00,934 Speaker 1: by Grok and are actively working to remove the inappropriate posts, 87 00:05:01,214 --> 00:05:03,774 Speaker 1: and that since being made aware of the content, XAI 88 00:05:03,934 --> 00:05:07,174 Speaker 1: has taken action to ban hate speech before groc posts. 89 00:05:07,494 --> 00:05:09,814 Speaker 1: The chatbot has already been in the spotlight for a 90 00:05:09,854 --> 00:05:12,854 Speaker 1: similar issue. Back in May, users noticed it had brought 91 00:05:12,934 --> 00:05:16,014 Speaker 1: up the topic of white genocide in South Africa during 92 00:05:16,054 --> 00:05:20,534 Speaker 1: a discussion about completely unrelated matters. Xai attributed the comments 93 00:05:20,574 --> 00:05:23,014 Speaker 1: to an unauthorized change that was made to the checkbots 94 00:05:23,054 --> 00:05:23,974 Speaker 1: response software. 95 00:05:24,494 --> 00:05:27,534 Speaker 2: Thanks Claire next the new tariff news you need to 96 00:05:27,574 --> 00:05:33,974 Speaker 2: know about. Let's talk tariffs, and I promised to keep 97 00:05:34,014 --> 00:05:37,134 Speaker 2: it snappy. Yesterday we woke up to hear the US 98 00:05:37,214 --> 00:05:41,214 Speaker 2: President flagged a possible two hundred percent tariff on pharmaceuticals 99 00:05:41,214 --> 00:05:45,334 Speaker 2: and a fifty percent tariff on copper. If you're thinking, wait, 100 00:05:45,454 --> 00:05:46,854 Speaker 2: don't we export a lot of those? 101 00:05:47,174 --> 00:05:47,614 Speaker 3: You're right. 102 00:05:48,254 --> 00:05:51,174 Speaker 2: Last year Australia sent over two billion dollars worth of 103 00:05:51,174 --> 00:05:55,254 Speaker 2: pharmaceuticals to the US, making America our biggest customer for 104 00:05:55,294 --> 00:05:59,014 Speaker 2: these products. As for copper, it is a smaller slice, 105 00:05:59,494 --> 00:06:02,254 Speaker 2: but still a big deal for those in the mining sector. 106 00:06:02,854 --> 00:06:06,534 Speaker 2: So why is the US doing this? The President says 107 00:06:06,814 --> 00:06:10,734 Speaker 2: it's about bringing manufacturing back home and making America less 108 00:06:10,774 --> 00:06:14,494 Speaker 2: dependent on foreign drugs and materials. While the ins and 109 00:06:14,574 --> 00:06:17,254 Speaker 2: outs of the announcement are still a bit unclear, it's 110 00:06:17,334 --> 00:06:21,454 Speaker 2: understood under the current proposal, the tariffs wouldn't take effect immediately. 111 00:06:21,854 --> 00:06:25,134 Speaker 2: Pharmaceutical companies would have a one year grace period to 112 00:06:25,214 --> 00:06:28,614 Speaker 2: move operations to the US before the measures become law. 113 00:06:28,934 --> 00:06:32,574 Speaker 2: Now that does by US sometime, but not much. It's 114 00:06:32,574 --> 00:06:35,854 Speaker 2: also a sentiment echoed by the US Commerce Secretary Howard 115 00:06:35,934 --> 00:06:39,294 Speaker 2: Lutnick when he appeared on CNBC earlier this week. 116 00:06:39,814 --> 00:06:42,894 Speaker 3: If you don't build in America, they're going to be 117 00:06:42,934 --> 00:06:46,414 Speaker 3: a high rate. But he may consider that if you're 118 00:06:46,414 --> 00:06:49,094 Speaker 3: building in America, to give you the time to build. 119 00:06:49,134 --> 00:06:51,414 Speaker 3: I think you mentioned that in the cabinet meeting. Give 120 00:06:51,454 --> 00:06:53,574 Speaker 3: you time to build it, say a year, year and 121 00:06:53,614 --> 00:06:56,454 Speaker 3: a half, possibly even two years of building, and then 122 00:06:56,774 --> 00:06:59,454 Speaker 3: the tarff will be much higher. But those details, it 123 00:06:59,494 --> 00:07:01,094 Speaker 3: will come at the end of the month and the 124 00:07:01,094 --> 00:07:02,654 Speaker 3: President will set them. 125 00:07:02,894 --> 00:07:06,974 Speaker 2: For Australia, this is a headache. Speaking on Radio National 126 00:07:07,014 --> 00:07:10,374 Speaker 2: earlier this week, Treasurer Jim Chalmers doubled down on Australia's 127 00:07:10,374 --> 00:07:13,934 Speaker 2: position of not changing the Pharmaceutical Benefit Scheme in the 128 00:07:13,974 --> 00:07:16,134 Speaker 2: wake of Trump's potential tariff shift. 129 00:07:16,374 --> 00:07:20,094 Speaker 4: We see the PBS as a fundamental part of healthcare 130 00:07:20,134 --> 00:07:23,614 Speaker 4: in Australia. We're not willing to compromise the PBS. We're 131 00:07:23,654 --> 00:07:26,774 Speaker 4: not willing to negotiate or trade away what is a 132 00:07:26,894 --> 00:07:30,334 Speaker 4: really important feature of the health system, alongside Medicare and 133 00:07:30,374 --> 00:07:33,094 Speaker 4: all of the other things that we're proud of as Australians. 134 00:07:33,654 --> 00:07:37,854 Speaker 2: The government says it's urgently seeking clarification if these tariffs 135 00:07:37,854 --> 00:07:41,094 Speaker 2: go ahead, our pharmaceutical exporters could take a huge hit. 136 00:07:41,414 --> 00:07:44,254 Speaker 2: Forty percent of the global sales go to the US. 137 00:07:44,294 --> 00:07:47,374 Speaker 2: After all, copper is a smaller issue, but it's still 138 00:07:47,454 --> 00:07:51,974 Speaker 2: money and jobs on the line. Experts warn that if 139 00:07:51,974 --> 00:07:55,814 Speaker 2: a full blown trade warrberupts, everyone loses, prices go up, 140 00:07:56,014 --> 00:07:59,614 Speaker 2: jobs are at risk, and global supply chains become even messier. 141 00:08:00,134 --> 00:08:02,734 Speaker 2: To help us unpack what these tariffs could mean for Australia, 142 00:08:02,774 --> 00:08:05,774 Speaker 2: we're joined by Honorary Research Associate at the University of 143 00:08:05,814 --> 00:08:09,694 Speaker 2: Sydney and Coconvena of the Australian Fair Trade and Investment Network, 144 00:08:09,734 --> 00:08:13,774 Speaker 2: doctor Patricia Reynold. Patricia, let's start with the potential two 145 00:08:13,854 --> 00:08:17,974 Speaker 2: hundred percent tariff on pharmaceuticals. What kind of impact could 146 00:08:17,974 --> 00:08:20,334 Speaker 2: that actually have on the industry and the economy here? 147 00:08:21,694 --> 00:08:26,134 Speaker 5: It is part of Trump's general approach which is to 148 00:08:26,214 --> 00:08:33,134 Speaker 5: try and reduce imports into the US and expand industries 149 00:08:33,214 --> 00:08:37,534 Speaker 5: like the pharmaceutical industry and really compel other countries to 150 00:08:37,614 --> 00:08:41,494 Speaker 5: accept their exports to those other countries rather than have 151 00:08:41,654 --> 00:08:46,014 Speaker 5: imports from other countries. I mean America's First policy means 152 00:08:46,054 --> 00:08:49,414 Speaker 5: absolutely America First, So it would have a bad impact 153 00:08:49,494 --> 00:08:53,814 Speaker 5: on our pharmaceutical industry. Trump has made other demands as 154 00:08:53,854 --> 00:08:58,454 Speaker 5: well to do with pharmaceuticals in Australia, which are to 155 00:08:58,534 --> 00:09:02,494 Speaker 5: do with our pharmaceutical benefit scheme. The US does not 156 00:09:02,854 --> 00:09:05,574 Speaker 5: like this scheme. The pharmaceutical industry does not like this 157 00:09:05,654 --> 00:09:09,414 Speaker 5: scheme because they get a lower wholesale price for them 158 00:09:09,654 --> 00:09:12,334 Speaker 5: Edison than they do in the United States, where there 159 00:09:12,374 --> 00:09:15,854 Speaker 5: are no price controls on medicines at all. One of 160 00:09:15,894 --> 00:09:19,134 Speaker 5: the things that Trump has been asking for is to 161 00:09:19,454 --> 00:09:23,734 Speaker 5: remove that system of price controls. Their attitude is that 162 00:09:24,254 --> 00:09:28,774 Speaker 5: because their pharmaceutical exports into Australia are sold at a 163 00:09:28,774 --> 00:09:31,494 Speaker 5: lower price than they are in America, that that's an 164 00:09:31,574 --> 00:09:34,694 Speaker 5: unfair trade that there. But to us, that is a 165 00:09:34,734 --> 00:09:39,934 Speaker 5: public policy that enables the government to make medicines affordable 166 00:09:39,974 --> 00:09:41,014 Speaker 5: to all Australians. 167 00:09:41,254 --> 00:09:44,814 Speaker 2: That's something that the Treasurer Jim Chalmers was speaking about 168 00:09:44,854 --> 00:09:48,134 Speaker 2: on Radio National earlier this week. He was saying the 169 00:09:48,134 --> 00:09:50,614 Speaker 2: PBS is not up for discussion. That's something that we 170 00:09:50,654 --> 00:09:53,854 Speaker 2: won't be doing away with. One of the other elements 171 00:09:53,934 --> 00:09:58,494 Speaker 2: to this potential two hundred percent tariff hike on pharmaceuticals 172 00:09:59,054 --> 00:10:02,574 Speaker 2: is maybe the sanction would be a little bit lesser 173 00:10:02,654 --> 00:10:05,694 Speaker 2: if we shape up and ship out our manufacturing to 174 00:10:05,854 --> 00:10:09,614 Speaker 2: the US in line with that America First policy, we 175 00:10:09,734 --> 00:10:12,854 Speaker 2: do move manufacturing to the US, what kind of impacts 176 00:10:12,854 --> 00:10:15,334 Speaker 2: would that then have on supply and price here because 177 00:10:15,494 --> 00:10:19,254 Speaker 2: essentially we're just becoming a US operated system and we 178 00:10:19,294 --> 00:10:21,494 Speaker 2: wouldn't have it as readily available here. 179 00:10:22,254 --> 00:10:25,534 Speaker 5: Well, that's right. The problem with that is that some 180 00:10:25,614 --> 00:10:30,134 Speaker 5: of our major manufacturers here are American companies like Fiver. 181 00:10:30,814 --> 00:10:34,574 Speaker 5: Since COVID, most governments have been trying to have more 182 00:10:34,614 --> 00:10:40,214 Speaker 5: self efficiency in medicine, and so they've been encouraging pharmaceutical 183 00:10:40,294 --> 00:10:46,054 Speaker 5: companies to diversify their production globally, and the Australian government, 184 00:10:46,094 --> 00:10:49,054 Speaker 5: the previous government and this one have done that too. 185 00:10:49,334 --> 00:10:52,734 Speaker 5: For US, it would be meaning that more of our 186 00:10:52,814 --> 00:10:56,534 Speaker 5: pharmaceuticals might be produced in the US, but it would 187 00:10:56,534 --> 00:11:01,574 Speaker 5: remove that element of security and self efficiency, saying that 188 00:11:01,894 --> 00:11:05,054 Speaker 5: it's only the US who can have self efficiency in 189 00:11:05,094 --> 00:11:08,174 Speaker 5: medicines and everyone else has to invest in the US 190 00:11:08,254 --> 00:11:11,894 Speaker 5: to get the medicine that are produced, particularly by US companies, 191 00:11:12,374 --> 00:11:15,134 Speaker 5: And that's an unreasonable demand that. 192 00:11:15,214 --> 00:11:20,014 Speaker 2: Trisha can Trump just assign different tariffs for goods, Like 193 00:11:20,094 --> 00:11:23,254 Speaker 2: didn't we just have this blanket ten percent tariff across 194 00:11:23,294 --> 00:11:23,614 Speaker 2: the board. 195 00:11:23,614 --> 00:11:27,014 Speaker 5: He announced, we have a free trade agreement with the US, 196 00:11:27,134 --> 00:11:32,214 Speaker 5: and we actually have zero tariffs on US products into Australia. 197 00:11:32,494 --> 00:11:36,534 Speaker 5: What has happened is that in April Trump announced that 198 00:11:36,614 --> 00:11:40,134 Speaker 5: he was going to have a whole series of different 199 00:11:40,174 --> 00:11:44,854 Speaker 5: tariffs twenty percent actually general across the board tariffs, plus 200 00:11:44,974 --> 00:11:49,294 Speaker 5: additional higher tariffs for countries which he said either had 201 00:11:49,494 --> 00:11:52,574 Speaker 5: a trade surplus with the United States, that is, they 202 00:11:52,974 --> 00:11:56,734 Speaker 5: exported more to the United States than they imported, or 203 00:11:56,974 --> 00:12:01,654 Speaker 5: had other non trade barriers like our pharmaceutical benefit scheme. Now, 204 00:12:01,694 --> 00:12:04,534 Speaker 5: when he made that announcement and some of the tariffs 205 00:12:04,534 --> 00:12:07,654 Speaker 5: were huge, there was a collapse both the stock market 206 00:12:07,694 --> 00:12:10,294 Speaker 5: and bond market in the US and it was going 207 00:12:10,334 --> 00:12:14,694 Speaker 5: to have dreadful economic effects there. So he then retreated 208 00:12:14,854 --> 00:12:17,654 Speaker 5: and said, oh, well, we'll only put a ten percent 209 00:12:17,894 --> 00:12:21,574 Speaker 5: what he calls based rate tariffs on everybody. And he 210 00:12:21,894 --> 00:12:25,774 Speaker 5: then postponed the other higher taffs until now until July, 211 00:12:26,334 --> 00:12:30,894 Speaker 5: and demanded that country's negotiate with him in order to 212 00:12:30,934 --> 00:12:34,494 Speaker 5: have the threat of higher tariff removed. So the ten 213 00:12:34,534 --> 00:12:38,574 Speaker 5: percent based rate tariff remains for everyone, and that's what 214 00:12:38,694 --> 00:12:41,894 Speaker 5: Australia has applied to it now as a ten percent 215 00:12:41,974 --> 00:12:45,014 Speaker 5: based rate tariff on all our exports to the US. 216 00:12:45,014 --> 00:12:49,414 Speaker 5: Because Australia doesn't have any tariffs on US imports and 217 00:12:49,534 --> 00:12:52,614 Speaker 5: we also have a trade deficit with the US, we 218 00:12:52,694 --> 00:12:56,414 Speaker 5: haven't been threatened with higher tariffs. But it's very doubtful 219 00:12:56,454 --> 00:13:00,054 Speaker 5: whether the ten percent tariff will be removed. The US 220 00:13:00,094 --> 00:13:04,294 Speaker 5: hasn't really removed that for anyone. And also the kind 221 00:13:04,334 --> 00:13:07,374 Speaker 5: of things that the US is demanding that Australia do. 222 00:13:08,254 --> 00:13:12,614 Speaker 5: Changes to the pharmacutic Benefit scheme, weakening bio security in 223 00:13:12,694 --> 00:13:18,574 Speaker 5: quarantine laws, having no regulation of digital tech companies, removing 224 00:13:18,614 --> 00:13:22,774 Speaker 5: Australian content rules in audio visual media. All of those 225 00:13:22,974 --> 00:13:26,894 Speaker 5: are important public policies which our government has said they 226 00:13:26,934 --> 00:13:30,094 Speaker 5: won't be trading away. I think the ten percent tariff 227 00:13:30,214 --> 00:13:31,614 Speaker 5: is probably going to remain. 228 00:13:32,214 --> 00:13:34,054 Speaker 2: While we've got you, Patricia. I just want to change 229 00:13:34,054 --> 00:13:37,854 Speaker 2: pace quickly and talk about this week's URBA decision. The 230 00:13:37,934 --> 00:13:41,214 Speaker 2: rate cuts. Some experts were hinting at a rate reduction. 231 00:13:41,814 --> 00:13:45,014 Speaker 2: Was the decision that was handed down on Tuesday, A 232 00:13:45,094 --> 00:13:47,454 Speaker 2: surprise they held steady well. 233 00:13:47,534 --> 00:13:49,614 Speaker 5: I think it was a surprise to a lot of people. 234 00:13:49,854 --> 00:13:53,414 Speaker 5: I think the Reserve Bank is being ultra cautious because 235 00:13:53,534 --> 00:13:57,214 Speaker 5: inflation has come down to the level that they want, 236 00:13:57,254 --> 00:14:00,294 Speaker 5: which is just over two percent. But what they're saying 237 00:14:00,374 --> 00:14:04,334 Speaker 5: is they want more economic data before they are convinced 238 00:14:04,334 --> 00:14:08,854 Speaker 5: that inflation will remain low. Now that economic data is 239 00:14:08,894 --> 00:14:11,894 Speaker 5: coming out in a couple of weeks, so I think 240 00:14:11,934 --> 00:14:14,574 Speaker 5: the hope is that by the next Reserve Bank meeting 241 00:14:15,334 --> 00:14:18,174 Speaker 5: in August, there will be a rate cut if the 242 00:14:18,294 --> 00:14:22,534 Speaker 5: inflation rate continues to be low. As I said, I 243 00:14:22,574 --> 00:14:24,974 Speaker 5: think the Reserve Bank is being ultra cautious, and a 244 00:14:25,014 --> 00:14:26,814 Speaker 5: lot of people were quite disappointed. 245 00:14:30,254 --> 00:14:35,574 Speaker 2: Asking for a friend, what makes someone cool? Is it 246 00:14:35,614 --> 00:14:38,574 Speaker 2: that happy, go lucky demeanor, or being so chic that 247 00:14:38,614 --> 00:14:41,454 Speaker 2: it hurts having the latest fashion, or just being the 248 00:14:41,534 --> 00:14:44,094 Speaker 2: nicest person in the room. Is it the very fact 249 00:14:44,174 --> 00:14:47,494 Speaker 2: that not caring about being cool would instantly make you cooler, 250 00:14:47,614 --> 00:14:49,854 Speaker 2: and the coolest person in the room that is so 251 00:14:50,414 --> 00:14:53,574 Speaker 2: fat Before a spiral about how uncool I am, there 252 00:14:53,614 --> 00:14:55,054 Speaker 2: is a point, and I promise that I am getting 253 00:14:55,054 --> 00:14:58,054 Speaker 2: to it. Science has finally cracked the code. A new 254 00:14:58,054 --> 00:15:01,934 Speaker 2: global study asked nearly six thousand people across thirteen countries, 255 00:15:02,094 --> 00:15:05,894 Speaker 2: including Australia, to spill on what actually makes someone cool 256 00:15:06,654 --> 00:15:09,134 Speaker 2: before we reveal the answers. I asked my colleagues to 257 00:15:09,134 --> 00:15:13,614 Speaker 2: tell me what makes someone cool again, strictly for research purposes. 258 00:15:13,934 --> 00:15:17,294 Speaker 2: Hard working, that's cool. They're vibe if they're just friendly 259 00:15:17,734 --> 00:15:19,454 Speaker 2: and just don't seem to care what everyone else thinks. 260 00:15:19,534 --> 00:15:21,614 Speaker 1: It's the way that they walk. They've got like a 261 00:15:21,694 --> 00:15:23,094 Speaker 1: jump to them, like a skip in. 262 00:15:23,094 --> 00:15:25,054 Speaker 2: Their step when they're completely offline. 263 00:15:25,174 --> 00:15:27,494 Speaker 4: They're like, it's just a vibe, like someone who's really 264 00:15:27,534 --> 00:15:29,574 Speaker 4: sure of themselves and comes. 265 00:15:29,294 --> 00:15:32,814 Speaker 2: Across as like a genuinely nice person, not trying too 266 00:15:32,934 --> 00:15:34,574 Speaker 2: hard love in their heart. 267 00:15:34,774 --> 00:15:37,054 Speaker 4: You're not cool if you're like a bit of a 268 00:15:37,254 --> 00:15:39,694 Speaker 4: rude hater and you've got it this snark to you, Like, 269 00:15:39,734 --> 00:15:40,494 Speaker 4: that's not cool. 270 00:15:40,574 --> 00:15:42,574 Speaker 2: It's cool to be kind, having your own thoughts and 271 00:15:42,614 --> 00:15:45,414 Speaker 2: opinions and your own personal style, don't follow trends. 272 00:15:45,654 --> 00:15:48,494 Speaker 1: I like people who are really inclusive, who go out 273 00:15:48,494 --> 00:15:50,334 Speaker 1: of their ways to just be like friendly to everybody. 274 00:15:50,654 --> 00:15:54,174 Speaker 2: I think cool is a vibe. I think it's not 275 00:15:54,254 --> 00:15:57,414 Speaker 2: really a personality trade. It's more like someone I don't know, 276 00:15:57,414 --> 00:16:01,254 Speaker 2: they're like elusive, having conviction in your own taste, how 277 00:16:01,334 --> 00:16:02,174 Speaker 2: you present yourself. 278 00:16:02,214 --> 00:16:05,734 Speaker 4: I think in clothes can really show personal style, and 279 00:16:05,814 --> 00:16:09,254 Speaker 4: by doing that it kind of just omits that you're. 280 00:16:09,094 --> 00:16:12,014 Speaker 5: Cool if you have, like any weird niche interests. I'm 281 00:16:12,014 --> 00:16:12,574 Speaker 5: really into that. 282 00:16:12,934 --> 00:16:16,014 Speaker 2: If somebody is confident in themselves and who they are, 283 00:16:16,094 --> 00:16:18,214 Speaker 2: then that is the coolest thing to me. Maybe like 284 00:16:18,294 --> 00:16:23,254 Speaker 2: someone who's younger than me, he is always cooler. Okay, 285 00:16:23,534 --> 00:16:26,814 Speaker 2: so most of them said being cool is having confidence 286 00:16:27,094 --> 00:16:29,814 Speaker 2: or is just kind of a vibe, And while that 287 00:16:29,854 --> 00:16:34,214 Speaker 2: may be true, here are some more tangible answers. So 288 00:16:34,294 --> 00:16:37,254 Speaker 2: it turns out there are six core traits that define coolness. 289 00:16:38,134 --> 00:16:42,374 Speaker 2: First of all, being extroverted. These people are naturally outgoing. 290 00:16:42,454 --> 00:16:46,294 Speaker 2: They thrive in social situations, often energizing those around them 291 00:16:46,374 --> 00:16:51,054 Speaker 2: with their enthusiasm and ability to connect easily. Being hedonistic 292 00:16:51,094 --> 00:16:54,814 Speaker 2: apparently makes you cool. These people genuinely enjoy life's pleasures, 293 00:16:54,894 --> 00:16:58,814 Speaker 2: seeking out fun and new experiences, and aren't afraid to 294 00:16:58,894 --> 00:17:03,334 Speaker 2: indulge in things that bring them joy powerfulness. Cool people 295 00:17:03,414 --> 00:17:07,294 Speaker 2: tend to have a presence that commands attention. They influence others, 296 00:17:07,374 --> 00:17:11,414 Speaker 2: exude confidence, and sometimes have the resources or status to 297 00:17:11,494 --> 00:17:15,574 Speaker 2: back it up. What about being adventurous? Apparently these people 298 00:17:15,694 --> 00:17:18,494 Speaker 2: are very cool. They're open to taking risks and love 299 00:17:18,574 --> 00:17:20,934 Speaker 2: stepping out of their comfort zone, whether it's trying a 300 00:17:20,974 --> 00:17:25,454 Speaker 2: new activity, traveling somewhere unfamiliar, or simply embracing the unknown. 301 00:17:26,174 --> 00:17:30,334 Speaker 2: Speaking of being open, these individuals are curious and receptive, 302 00:17:30,454 --> 00:17:33,854 Speaker 2: always willing to listen to different perspectives, explore new ideas, 303 00:17:33,894 --> 00:17:39,614 Speaker 2: and adapt to change and finally, autonomy. Perhaps most importantly, 304 00:17:39,854 --> 00:17:44,414 Speaker 2: being cool means being fiercely independent aka comfortable with making 305 00:17:44,414 --> 00:17:47,054 Speaker 2: your own choices and not afraid to stand out or 306 00:17:47,094 --> 00:17:51,574 Speaker 2: go against the grain. According to clinical psychologists doctor Maria 307 00:17:51,614 --> 00:17:54,694 Speaker 2: Elena Lukettz, were drawn to people who go against the 308 00:17:54,694 --> 00:17:58,454 Speaker 2: grain because it signals freedom and confidence, qualities that our 309 00:17:58,494 --> 00:18:03,454 Speaker 2: brains are hardwired to admire. But here's the catch. Trying 310 00:18:03,574 --> 00:18:06,374 Speaker 2: too hard to be cool is the fastest way to 311 00:18:06,454 --> 00:18:12,134 Speaker 2: be well uncool. Authentic city is everything. Social media might 312 00:18:12,174 --> 00:18:14,734 Speaker 2: make it look easy, but most of us can spot 313 00:18:14,774 --> 00:18:17,854 Speaker 2: a try hard from a mile away. Coolness isn't just 314 00:18:17,894 --> 00:18:21,294 Speaker 2: about being good or nice either. The study found that 315 00:18:21,334 --> 00:18:25,254 Speaker 2: while cool people are generally positive, they're less likely to 316 00:18:25,294 --> 00:18:29,374 Speaker 2: be conforming, traditional, or even warm compared to good people. 317 00:18:29,814 --> 00:18:32,614 Speaker 2: In other words, you can be cool without being everyone's 318 00:18:32,614 --> 00:18:35,774 Speaker 2: best friend. So next time you're at tempted to copy 319 00:18:35,814 --> 00:18:38,534 Speaker 2: the latest trend or force yourself to fit in, remember 320 00:18:38,814 --> 00:18:41,054 Speaker 2: and brace yourself. Here I'm about to go all after 321 00:18:41,054 --> 00:18:44,254 Speaker 2: school special on you. The real secret to coolness is 322 00:18:44,294 --> 00:18:50,774 Speaker 2: being confidently, unapologetically you. I know, I know, but it's 323 00:18:50,814 --> 00:18:53,894 Speaker 2: the truth. Thanks for taking some time to feed your 324 00:18:53,934 --> 00:18:56,054 Speaker 2: mind with us today. The quickie is produced by Me 325 00:18:56,214 --> 00:19:00,454 Speaker 2: Taylor Strano and Clere Murphy, with audio production by Lou Hill. 326 00:19:01,054 --> 00:19:04,614 Speaker 2: Mamma Mia Studios are styled with furniture from Fenton and Fenton. 327 00:19:04,894 --> 00:19:07,214 Speaker 2: Visit Fenton and Fenton dot com dot au