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Speaker 1: You're trusted home for news, Sports, entertainments, opinion and Mike

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Speaker 1: the Mike Hosking Breakfast with Bailey's Real Estate, your local

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Speaker 1: experts across residential, commercial, and rural news.

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Speaker 2: Togs Head been welling and welcome. Today is another of

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Speaker 2: those Adrian days where what we want him to do

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Speaker 2: versus what he does he may not be the same thing.

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Speaker 2: The government to upper cowboy builders, less the leader works

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Speaker 2: us through his health and blowout. Might Mayor Mark and

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Speaker 2: Junior have politics Wednesday after lay of course, Richard Arnold

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Speaker 2: on Hurricane Watch, an Steve is in Australia, Pasky's Welcome

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Speaker 2: to the day seven past six. No shortage of pundits

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Speaker 2: lined up of course today calling for not just a

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Speaker 2: fifty point cut in the cash rate, but two fifty

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Speaker 2: point cuts before the end of the year. Now they

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Speaker 2: might be right, but they're only right if we accept

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Speaker 2: that the Reserve Bank has cocked all this up Titan

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Speaker 2: things way too hard, had too many businesses fall over,

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Speaker 2: and too many people lose their jobs, So now they

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Speaker 2: desperately have to untangle their mess. One of the great

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Speaker 2: debates leading into the US FED decision of fifty points

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Speaker 2: was was the economy at risk of recession, and if

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Speaker 2: it was, would they need to move fifty points straight

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Speaker 2: up toward that fear off. Meantime, in Australia they seem

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Speaker 2: to have handled things measurably better. They haven't cut it

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Speaker 2: all yet. In fact, they've only just taken out the

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Speaker 2: language or a threat of a rate rise. Now their

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Speaker 2: job market remains comparatively buoyant, as does the economy. Locals,

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Speaker 2: of course in Australia don't see it that way. They're

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Speaker 2: desperate for a cut, But in that is the tale

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Speaker 2: surely of separate economies. They think they have it bad

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Speaker 2: until you look at a place like New Zealand, who

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Speaker 2: really has it bad? So two lots of fifty points

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Speaker 2: are full percent? What does that tell you? Given if

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Speaker 2: they pull that trigger they don't meet again until well

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Speaker 2: into the new year, it means they have seen what

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Speaker 2: we have felt sales crashing, joybad, shrinking the mood doer

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Speaker 2: a recession for most likely six quarters of the past

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Speaker 2: couple of years. In simple terms, an unmitigated mess. Add

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Speaker 2: to the problem the government overarching view that banking generally

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Speaker 2: is not working well for New Zealanders and the rural

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Speaker 2: sector in particular, is being badly served. Now you might

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Speaker 2: have noted last week the Reserve Bank fired back at

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Speaker 2: all that they argue their rules do not make life

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Speaker 2: hard on the farm. But equally they would argue, I'm

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Speaker 2: sure they've handled this past few years very well. In

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Speaker 2: a fifty point cut this week was an excellent example

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Speaker 2: of how well they've handled it, the same way they

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Speaker 2: said last time in their first cut that it was

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Speaker 2: well signaled, when we all know full well it wasn't.

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Speaker 2: It would be nice to think they ultimately are held

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Speaker 2: to account for all of this, given the damage its cost.

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Speaker 2: But while we wait for that fateful day, fifty points,

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Speaker 2: if that's what it is, merely demonstrates yet again how

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Speaker 2: badly they've misread the whole exercise.

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Speaker 1: News of the world in ninety seconds.

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Speaker 2: Well, Milton's still to arrive, but it's big and they're

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Speaker 2: getting ready, if not getting out.

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Speaker 3: We are currently fulfilling close to one thousand missions to

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Speaker 3: support our local communities. That includes everything from tiger dams

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Speaker 3: and generators to staff support, as well as food and

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Speaker 3: water and tart.

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Speaker 2: Like Hellene last week, insurance is hard work in these areas.

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Speaker 4: The coverage is capped at two hundred and fifty thousand

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Speaker 4: for the structures. So with Milton, for example, if our

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Speaker 4: damage exceeds fifty percent, that's all we'll see in we'll

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Speaker 4: have to be will be forced to rebuild and come

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Speaker 4: out of pocket for that difference.

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Speaker 2: In the UK, the toy is Richard Analo and that

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Speaker 2: shortly the Tories. By the way, I've hit another round

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Speaker 2: of voting. Urban eighth had yet another round of voting tomorrow.

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Speaker 2: For today though, James cleverly who shot to the front.

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Speaker 5: Colleagues are coming across to us because they can see

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Speaker 5: that James is the best option going into that next election.

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Speaker 6: They came over to us because they believe that we're

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Speaker 6: not in the game of doing dirty deals.

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Speaker 2: Robert Jinrick who was first but is now sick and

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Speaker 2: still has his fans who aren't counting him out.

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Speaker 7: What Rob has is that stroll broad base of support

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Speaker 7: across all wings of.

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Speaker 8: The Parliamentary Party.

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Speaker 9: I think these days right wing left wing of the

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Speaker 9: party is too simplistic.

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Speaker 2: To the war. The Israeli still bombing Gaza. These are

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Speaker 2: all civilians. This father says, look at this child. Does

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Speaker 2: he look like a fighter to you? And given the hate,

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Speaker 2: well hate drives wars. Of course, we get some inside

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Speaker 2: overnight from the MI five and Britain on how nuts

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Speaker 2: some people are online.

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Speaker 7: We're encountering more volatile would be terrorists with only a

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Speaker 7: tenuous grasp of the ideologies they prefer to follow, people

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Speaker 7: viewing both extreme rate wing and Islamist, extremeist and instructural material,

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Speaker 7: along with other bits of online hatred, conspiracy theories and disinformation.

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Speaker 2: And finally generational health drift. That's what we've got at

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Speaker 2: the moment. This is a big study, one hundred thousand

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Speaker 2: people from Oxford. They weren't in Oxford. Oxford University did

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Speaker 2: the study. It's found that despite people being born since

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Speaker 2: nineteen forty five living longer, they actually have worse health overall.

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Speaker 2: So there was a prevalence of higher diabetes, higher cholesterol,

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Speaker 2: more diagnoses of cancer and heart issues were much more

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Speaker 2: over rate, and the muscle strength and risk of disability

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Speaker 2: was also up. There was no real difference between men

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Speaker 2: and women. Gen x's were the most likely to have

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Speaker 2: multiple issues.

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Speaker 10: I would have thought it was obvious.

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Speaker 2: It's all crapwe basically, but that is news. That's the

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Speaker 2: derritos and the chinos that has news. For the world

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Speaker 2: in ninety Just to give you some sort of sense

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Speaker 2: of what is happening with Milton Airlines and canceling flights left,

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Speaker 2: right and center. Tampa's closed as in Tampa International Airport.

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Speaker 2: The Tampa Buccaneers were a football team and that part

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Speaker 2: of the world. They've left for their next game early.

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Speaker 2: They've got out. Orlando International is going to close at

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Speaker 2: about one as tomorrow morning our time. Southwest Airlines has

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Speaker 2: canceled four hundred and two flights seven hundred and fifty

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Speaker 2: over all Orlando flights, which is eighty five percent of

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Speaker 2: the schedule for Wednesday their time. That's off Disney, all

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Speaker 2: the theme parks. It's gone. It will hit this time

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Speaker 2: tomorrow about this time tomorrow. Currently it's eight hundred k's

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Speaker 2: southwest of Tampa. But as I say more from Richard

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Speaker 2: shortly twelve past six.

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Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio how

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Speaker 1: It by News Talk.

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Speaker 2: Zippy, the old tip tap between China and the EU

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Speaker 2: unfolded with another chapter overnight. So the Europeans, as we

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Speaker 2: told you the other day, going to slap some tariffs

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Speaker 2: on the Chinese EV's. China said, well, we see your

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Speaker 2: EV and we'll get your brandy. So they have announced

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Speaker 2: overnight major major terrifs for Brandy from the EU fifteen

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Speaker 2: past six.

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Speaker 11: Bad dollar taking money.

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Speaker 2: I'm speaking of the Chinese from Joe my Wealth Andrew Kellah,

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Speaker 2: good morning, very good morning, Mike. You So from my

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Speaker 2: reading yesterday, the pollup Bureau turned up and the words,

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Speaker 2: but not a lot, not a lot of and so

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Speaker 2: the whole steam fell out of the market a little

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Speaker 2: bit underwhelming.

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Speaker 8: Yes, So picking up on what we talked about yesterday

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Speaker 8: and keeping an interested eye on China because of course

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Speaker 8: of the potential impact the strength of the Chinese economy

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Speaker 8: can have on demand for our exports. So yeah, we

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Speaker 8: ended up yesterday with a bit of a I'm calling

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Speaker 8: it a Dickensian day. It was a bit of a

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Speaker 8: tale of two cities. And I'll explain that in a minute,

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Speaker 8: and all relating to what we talked about yesterday morning.

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Speaker 8: So China was back trading, share markets open for business

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Speaker 8: after a week long holiday, and you got this announcement

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Speaker 8: from the National Development and Reform Commission. Now the press

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Speaker 8: conference we were waiting force Unfortunately not as definitive as had

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Speaker 8: been hoped in terms of share markets. Yeah, we had

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Speaker 8: this tale of two cities, which meant that Shanghai the

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Speaker 8: share markets went up and Hong Kong the share markets fell,

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Speaker 8: so completely different reactions. I'll explained that in a minute now.

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Speaker 8: The press conference, first, though, officials there said that they

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Speaker 8: would speed up spending, but unfortunately they refrained from announcing

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Speaker 8: new measures. The chairman did say that he is fully

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Speaker 8: confident the country will achieve its full year economic and

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Speaker 8: social goals. He did say, though, that the downward pressure

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Speaker 8: on Chinese economy is also increasing. They reiterated plans to

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Speaker 8: boost investment, increased directs for support for low income groups

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Speaker 8: for new graduates. He did note that China will continue

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Speaker 8: to issue long dated sovereign bonds. They've been doing that

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Speaker 8: anyway to support major projects, and more measures to support

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Speaker 8: the property market and boost domestic spending. But the problem

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Speaker 8: here there was nothing new, so you get this market reaction.

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Speaker 8: Hong Kong, the Hong Kong market. A lot of Chinese

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Speaker 8: companies listed in the Hong Kong market. They've been training

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Speaker 8: all last week, and last week it had rallied through

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Speaker 8: the week, so it had gone up, but the Chinese

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Speaker 8: markets were closed, so the Hong Kong market gave back

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Speaker 8: the games from last week, so it was down nine

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Speaker 8: point four percent. Pretty chunky four But just look at

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Speaker 8: the last of the two weeks before that market was

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Speaker 8: up thirteen and up ten, so you know, down nine

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Speaker 8: is really only giving back some of those games. The

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Speaker 8: Shanghai composite though, because it was closed, it needed to

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Speaker 8: do a little bit of catch up, so it rallied

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Speaker 8: just under five percent yesterday. Just taking a step back here.

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Speaker 8: Like both of those indexes, both of those markets are

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Speaker 8: at the highest level we've seen that for months, so

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Speaker 8: they've gone They've definitely gone up. In fact, Shanghai market

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Speaker 8: is at the highest level senate since early twenty twenty two.

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Speaker 8: But pretty volatile. Oh, the one thing you will be

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Speaker 8: interested in. The oil price fell sharply yes after this

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Speaker 8: press conference year because people thought, oh gosh, we're not

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Speaker 8: getting the boost to the Chinese economy we thought we

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Speaker 8: were going to get.

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Speaker 2: But not for the faint hearted. Though indeed not a

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Speaker 2: highly dramatic time speaking which could be a good one

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Speaker 2: today or not?

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Speaker 6: Yeah or not well?

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Speaker 10: Or was it exciting?

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Speaker 2: Isn't it?

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Speaker 8: Mountary policy and interestrate Boffin's all very excited about Today's

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Speaker 8: a big day potentially for local markets. So look, the

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Speaker 8: call is is it a twenty five or a fifty.

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Speaker 2: Point drop?

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Speaker 8: It's all been debated at length, hasn't it. I mean,

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Speaker 8: local economists and commentators have embraced the fifty. Markets have

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Speaker 8: priced in the fifty. It would seem like a free

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Speaker 8: pass for the bank to go there. If they are

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Speaker 8: sort of sitting on the fence of whether to go

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Speaker 8: twenty five or fifty, well, the market will take the fifty,

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Speaker 8: but they have to think it's the right thing to do.

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Speaker 8: So I'm assuming the Monetary Policy Committee we've had all

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Speaker 8: of that sort of input and information during the deliberations.

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Speaker 8: I think a twenty five point move Mike would somewhat

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Speaker 8: disappoint the local reefish, the low reck and money market traders.

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Speaker 8: I think so, yeah, a bigger picture of you though,

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Speaker 8: Let's just take a step back here. The key issue

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Speaker 8: is getting to the endpoint. We want to get to

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Speaker 8: what is the non restrictable neutral level of the ocr

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Speaker 8: and getting there in appropriate time. But there's always going

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Speaker 8: to be lots of debate about the pace that you

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Speaker 8: get there. You do need to get there, though, the

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Speaker 8: recent data that lack of inflationary price intentions in the

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Speaker 8: recent quarterly Servo Business Opinion gives them a reason to go,

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Speaker 8: And of course there's this practical reason as well. They've

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Speaker 8: only got October November and then it's sort of radio

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Speaker 8: silence or tools down until February. The other issue, Mike,

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Speaker 8: is just this trans mission. If they do drop the rate,

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Speaker 8: there isn't an immediate impact for a lot of people.

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Speaker 8: If you're on fixed rate Mallas, you've got to wait

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Speaker 8: few mortgage for the term to come up. If we're

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Speaker 8: exposed to floating rate risk, then you do get some relief.

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Speaker 8: But what we've actually got to see is how much

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Speaker 8: does this actually translate into actual activity or behavior. Also,

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Speaker 8: last point, Mike, it's an o our review, it's not

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Speaker 8: an MPs, so not a lot of associated commentary. So

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Speaker 8: two pm, Mike, turn off Parliament TV, settle down and

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Speaker 8: watch the Yes.

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Speaker 2: The good thing is Parliament's not on, so there's not

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Speaker 2: a class not on. It's an easy day for me anyway.

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Speaker 2: What are the numbers?

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Speaker 8: Dal Jones is down eight points, so i'll call that

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Speaker 8: square four one nine four six. The S and P

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Speaker 8: five hundred is up point zero point seven percent five

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Speaker 8: seven three five, and the Nasdaq is up one percent,

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Speaker 8: so one hundred and seventy five points over the eighteen thousand,

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Speaker 8: eighteen thousand and ninety seven overnight. The Forts one hundred

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Speaker 8: got hit a bit, actually, down one hundred and thirty

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Speaker 8: points over one percent eight one nine zero, the NICK

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Speaker 8: down one percent three eight nine three seven. Shanghai Composite,

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Speaker 8: as as I said, was up four point six percent

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Speaker 8: three four eight nine the mark there the Aussi's yes,

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Speaker 8: they lost about a third of a percent eight one

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Speaker 8: seven six. We also lost a similar round, about a

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Speaker 8: third of a percent, down forty one points twelve five

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Speaker 8: hundred and fifty five Kipi dollar point six one two

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Speaker 8: oh against the US point nine zero eight o against

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Speaker 8: the OSSI point five four seven five euro point four

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Speaker 8: to six seven six against the pound ninety points sixty

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Speaker 8: six Japanese yen. It's what one new zeale dollar will

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Speaker 8: get you on the wholes market's gold two thousand, six

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Speaker 8: hundred and nine U S dollars and yeah, Brent crude

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Speaker 8: seventy six dollars and fifty eight cents. Mate, they didn't

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Speaker 8: like that Chinese announcement.

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Speaker 2: Good luck, So afternon we'll talk about it tomorrow. Andrew

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Speaker 2: kalahojmowealth dot co dot m Z. Update from one of

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Speaker 2: our favorite company's main freight yesterday, first half of their

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Speaker 2: financial year beat expectations eight and a half percent increase

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Speaker 2: in revenue. All of this is a good bit of

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Speaker 2: an investor update. Things are back to normal when they

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Speaker 2: say back to normal and freight. We went mental during COVID.

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Speaker 2: Now it's gone back to the way it was with

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Speaker 2: the rider. That we have these geopolitical risks of the

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Speaker 2: Red Sea disruption, of the port strikes in America, et cetera,

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Speaker 2: et cetera. But a revenue beat is a revenue beat.

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Speaker 2: Six twenty one EREIC Newstalk two Beat.

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Speaker 1: The Vike Hosking Breakfast Full Show podcast on iHeartRadio powered

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Speaker 1: by News talks at be.

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Speaker 2: Just running through the numbers on the Tory vote. There's

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Speaker 2: another round tonight, and tonight's is really the big one.

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Speaker 2: Turtning Hat lost, He's out, he's gone, so four became three.

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Speaker 2: Cleverly got thirty nine votes, so he's gone from third

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Speaker 2: to first place, which is interesting. Jenrick was first is

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Speaker 2: now second. He got thirty one votes. He lost two.

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Speaker 2: Bad Knock is now third, but up three to thirty points.

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Speaker 2: So turning Hat's votes, of which there were twenty, now

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Speaker 2: get redistributed in some way, shape or form, we know

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Speaker 2: not which way. That's why we're having another round of

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Speaker 2: votes tonight. The important thing that goes from three to two.

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Speaker 2: The two then go to the party membership and that's

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Speaker 2: where it gets crunching six twenty five.

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Speaker 9: Trending now with chemist Well's Keeping Kiwi's Healthy all year round.

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Speaker 2: One of the more controversial films of the years out

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Speaker 2: today in America. It's called The Apprentice. It's about the

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Speaker 2: rise of Trump and the eighties New York real estate

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Speaker 2: and his relationship with a mentor, a guy called Roy Cone. Now,

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Speaker 2: Trump's team didn't like it, threatened a lawsuit, called it interference.

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Speaker 2: They didn't want it out before the election. It's work affection,

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Speaker 2: they claimed by Hollywood elites. As a result of that,

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Speaker 2: the director had trouble getting a distributor. They finally sort

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Speaker 2: and listen to this.

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Speaker 11: Yes, hello, this is Donald Trump from mister Cohne.

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Speaker 2: Thank you so much, Donald Who.

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Speaker 11: Roy Con Nice to meet you, the Roy Cohen from

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Speaker 11: all the papers. Yeah, you're brutal, guilty is charged The

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Speaker 11: first rule is the simplest attack, attack attack.

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Speaker 12: It's going to be the finest building in the country,

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Speaker 12: in the world.

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Speaker 11: It's going to be spectacular.

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Speaker 2: Rule two, admit nothing in the everything.

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Speaker 3: I hear you can beat the US government.

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Speaker 13: Rule three, no matter what happens, you claim victory and

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Speaker 13: never admits defeat.

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Speaker 6: We have a brand new camp slogan, Let's make America

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Speaker 6: great again.

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Speaker 11: Well, I like the a gampire.

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Speaker 2: Now Sebastian stan as Trump. He's good because he looks

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Speaker 2: nothing like Trump in real life does in the movie

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Speaker 2: Jeremy Strong, who's brilliant out of Succession. Of course he

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Speaker 2: plays Cone. It's out in New York today. We'll hit

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Speaker 2: the rest of the US and Canada in two days time.

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Speaker 2: When it gets here, Lord only knows. By the way,

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Speaker 2: read today's big announcement. We'll have a look at this

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Speaker 2: with Michael Riddell after seven o'clock this morning. Also talked

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Speaker 2: to the head of Chui Wei Bank at a couple

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Speaker 2: of moments. Greg Smith gave us a very good dissertation

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Speaker 2: on the program Monday out of Devin Funds. Of course,

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Speaker 2: they reprinted that in more detail yesterday in the Herald.

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Speaker 2: He's arguing for seventy five. He isn't going to get it,

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Speaker 2: he admits he isn't going to get it. But the

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Speaker 2: argument is really really coaching, and given how cogent it is,

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Speaker 2: it's well worth reading through and following the logic. And

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Speaker 2: given there is so much logic, and he is arguing

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Speaker 2: for seventy five, that just reiterates what I was trying

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Speaker 2: to say on the program earlier on this morning, what

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Speaker 2: a monumental cock up this thing is. But more on

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Speaker 2: that tet require anytime news is next. There are news talks.

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Speaker 11: In que.

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Speaker 1: The newsmakers and the personalities the big names talk to,

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Speaker 1: like the asking breakfast with our Veda, retirement, communities, Life

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Speaker 1: your Way news talks that'd be.

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Speaker 2: Just an update from this time yesterday. Catherine was telling

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Speaker 2: us about the potential EU reset on immigration and some

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Speaker 2: interesting immigration numbers out of the UK country later. But

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Speaker 2: be that as it made. The problem with the EU

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Speaker 2: is twenty seven of them, and the problem with the

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Speaker 2: EU with twenty seven of them is they've all got

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Speaker 2: to agree on everything, and already over nine Hungary has

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Speaker 2: joined Netherlands looking for some sort of carve out, so

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Speaker 2: all Barnes into the Parliament in the next twenty four

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Speaker 2: hours to say we're not signing up to any of us.

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Speaker 2: So that's going to prove to be an ongoing problem.

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Speaker 2: Speaking of problems, Milton's about eight hundred k's to the

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Speaker 2: left hand side of Florida as you look at it

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Speaker 2: on the map. They've rolled out Biden.

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Speaker 14: Those who do it do it to try to damage administration.

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Speaker 14: Well let's take care of ourselves. But it missed leads people.

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Speaker 14: It puts people on circumstances where they're panic. Were they

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Speaker 14: really really really worried that thinks no, you're not being

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Speaker 14: taken care of, and it really is. That's going to

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Speaker 14: sound and use an old phrase as un American, it

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Speaker 14: really is. People are scared to death. People know their

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Speaker 14: lives are at stake, all that they'd worked for, all

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Speaker 14: the they on, all of their value, and it's just

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Speaker 14: it's just anyway.

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Speaker 2: The counteract the misinformation that's about the place that mainly

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Speaker 2: came out of Helene last week, Richard Ardlalm this more

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Speaker 2: shortly for you meantime of twenty two to seven. Feels

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Speaker 2: like I said every time these days. But the ocr

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Speaker 2: call today is as important as any given the state

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Speaker 2: of this economy. Of ours. Most banks want fifty, if

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Speaker 2: not seventy five. KI Bank got a headline yesterday by

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Speaker 2: cutting big on their floating rate and anticipation at qv

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Speaker 2: Bank CEO Steve Yukovich, it's back, well a Steve, very

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Speaker 2: good morning to you. Somebody said it was pure headlines

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Speaker 2: on your part. Was it pure headline? Steve?

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Speaker 6: Well, obviously, what we're trying to do is create enough

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Speaker 6: momentum that others will follow. So you know, I did

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Speaker 6: read that headline and had a bit of a chuckle

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Speaker 6: to be fair, because ultimately, marketing and branding is about

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Speaker 6: doing what you are about, and for us, that was

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Speaker 6: trying to social leadership about a cup.

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Speaker 2: Would you be astonished if he went twenty five today, I'll.

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Speaker 6: Be really disappointed. I think people, real businesses and our

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Speaker 6: customers are really really hoping for fifty, and you know,

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Speaker 6: we're predicting fifty. I think that's the right thing to do,

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Speaker 6: but there's got to be a lot more cuts to

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Speaker 6: follow quickly after that.

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Speaker 2: I think, So fifty and fifty for the end of the.

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Speaker 6: Year, Yeah, we think so. I mean neutral remembering is

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Speaker 6: about two and a half percent or two and three quarters, so.

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Speaker 15: We're a long way away from neutral.

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Speaker 2: Do we all agree on this, because in reading all

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Speaker 2: the commentary, I've got the ends that I are in

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Speaker 2: a couple of independent economists saying, yeah, maybe, but we

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Speaker 2: see twenty five. What do they see that you don't.

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Speaker 6: That's a great question. I mean, I think the data

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Speaker 6: has been very very clear for quite some time that

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Speaker 6: we need a cup. So, I mean, it's it's not

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Speaker 6: an exact science. People with different perspectives and interpret the

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Speaker 6: data in different ways, but you know, I feel pretty

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Speaker 6: strongly that fifty is the right thing to do, and

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Speaker 6: that's the right thing to pass on as cockly as

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Speaker 6: we can.

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Speaker 2: And if it's fifty and fifty, is that filled with something?

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Speaker 2: Not that he'll admit it, but is it filled with

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Speaker 2: some level of regret that we should be doing twenty five?

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Speaker 2: It's nice and easy, soft landing, do it properly, But

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Speaker 2: suddenly two lots of fifteen, God knows what next to

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Speaker 2: you is a cockup?

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Speaker 15: Look, I don't know.

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Speaker 6: I mean, I think when you look to the feed,

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Speaker 6: you just got to understand what the data tells you.

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Speaker 6: And then they looked at the data and said they

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Speaker 6: needed a cup. By fifty brazilm Bank looks at the data.

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Speaker 6: I tifty is the right call, then, you know, I

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Speaker 6: don't think they need to look back and understand whether

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Speaker 6: it was too slow too fast. They just look at

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Speaker 6: the data now and make a decision. And we think

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Speaker 6: that right season fifty.

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Speaker 2: But isn't part of the argument in a fifty or

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Speaker 2: seventy five? So, I mean, I could tell you see

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Speaker 2: the American situation was people were panicking about a potential recession.

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Speaker 2: They're not in recession, they hadn't been in recession. They're

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Speaker 2: not going into recession. We have the damage is there

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Speaker 2: to be seen, isn't it?

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Speaker 6: Yep?

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Speaker 2: I think so therefore, going fifty is like what's fifty?

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Speaker 2: Hang on, I'll throw another fifty in there. That's that's

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Speaker 2: correcting a mistake, isn't it.

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Speaker 6: Well, I think ultimately is a tid took. I don't

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Speaker 6: think it's an exact science, and I don't actually think

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Speaker 6: it's that much of a benefit to look back and go,

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Speaker 6: you know, with the data clearer than we thought. I

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Speaker 6: think they really key thing now is businesses have a

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Speaker 6: certain year round of great cuts to come so they

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Speaker 6: can invest in where people our soul's start to think that,

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Speaker 6: you know, there's hopefully in twelve months and almost all

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Speaker 6: households will have seen the benefit pass through, so they'll

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Speaker 6: have a bit more flexibility. So I think it's much

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Speaker 6: more about the future.

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Speaker 2: Okay, So the twenty five we got the first time around,

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Speaker 2: did that move anything? Did people come knocking at your door?

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Speaker 2: And if they didn't, will they do it on fifty today?

437
00:19:50,240 --> 00:19:52,520
Speaker 6: I think there was definitely signs of life and the

438
00:19:52,560 --> 00:19:56,160
Speaker 6: real estate market, definitely signs of business interest. Much more

439
00:19:56,200 --> 00:19:59,320
Speaker 6: about the signal rather than the actual financial impact. Is

440
00:19:59,560 --> 00:20:02,679
Speaker 6: Westpa about that before? I think fifty probably is a

441
00:20:02,680 --> 00:20:05,280
Speaker 6: bit of a game change of some people because you know,

442
00:20:05,320 --> 00:20:07,880
Speaker 6: that will knock onto test rates coming down and other things.

443
00:20:07,920 --> 00:20:10,240
Speaker 6: It will mean, you know, borying is more affordable.

444
00:20:10,320 --> 00:20:12,040
Speaker 2: Yeah, speaking of the test rates, it was this time

445
00:20:12,119 --> 00:20:14,520
Speaker 2: yesterday we're talking some banks are doing testing under just

446
00:20:14,600 --> 00:20:16,320
Speaker 2: under nine percent. What do you run at at at

447
00:20:16,359 --> 00:20:17,560
Speaker 2: the moment and do you defend it.

448
00:20:18,680 --> 00:20:20,480
Speaker 6: Eight and a half at the moment and get it

449
00:20:20,560 --> 00:20:22,520
Speaker 6: up at the end of today it will be at

450
00:20:22,520 --> 00:20:24,440
Speaker 6: eight if we get a fifty point cup.

451
00:20:24,560 --> 00:20:26,280
Speaker 15: So you know, we've got to we've.

452
00:20:26,119 --> 00:20:28,359
Speaker 6: Got to move of that and our men there is

453
00:20:28,359 --> 00:20:30,600
Speaker 6: always a little bit of a lag because I think

454
00:20:30,600 --> 00:20:33,040
Speaker 6: those test rates in recent times proved to be pretty

455
00:20:33,040 --> 00:20:35,560
Speaker 6: aerate in terms of what people needed to pay. Yeah,

456
00:20:35,560 --> 00:20:37,479
Speaker 6: but they need they need to be they need to

457
00:20:37,520 --> 00:20:39,000
Speaker 6: be adaptable, and they need to move down.

458
00:20:39,040 --> 00:20:41,040
Speaker 2: So it's a few point you mate, always a pleasure

459
00:20:41,000 --> 00:20:43,560
Speaker 2: to step appreciate Steve Yukovic, the q we ban CEO

460
00:20:43,640 --> 00:20:46,000
Speaker 2: eighty minutes away from seven as getting some part is

461
00:20:46,040 --> 00:20:48,320
Speaker 2: why the media is disliked and distrusted by so many

462
00:20:48,359 --> 00:20:50,680
Speaker 2: people in this country. Here's the headline, are speaking of mortgages,

463
00:20:50,720 --> 00:20:53,720
Speaker 2: speaking of houses, speaking of banks, Banks prepare for home

464
00:20:53,840 --> 00:20:57,960
Speaker 2: loans going bad. There's your headline, banks prepare for home

465
00:20:58,000 --> 00:21:00,680
Speaker 2: loans going bad? And you think, oh, how many home

466
00:21:00,720 --> 00:21:03,520
Speaker 2: loans are going bad? How big is this particular cliff

467
00:21:03,520 --> 00:21:06,600
Speaker 2: that we have this morning? The percentage of quote unquote

468
00:21:06,640 --> 00:21:09,479
Speaker 2: non performing loans which are at least ninety days over due,

469
00:21:10,040 --> 00:21:15,840
Speaker 2: has lifted to zero point six percent of all mortgages,

470
00:21:16,800 --> 00:21:19,639
Speaker 2: thus indicating to me, correct me if I'm wrong, but

471
00:21:19,880 --> 00:21:23,280
Speaker 2: ninety nine point four percent of mortgages, let's just say

472
00:21:23,480 --> 00:21:26,879
Speaker 2: virtually all of them are not distressed. Therefore, there's no

473
00:21:27,000 --> 00:21:29,400
Speaker 2: need for the headline seventeen to two.

474
00:21:30,320 --> 00:21:34,960
Speaker 1: The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered

475
00:21:34,960 --> 00:21:36,000
Speaker 1: by News Talks.

476
00:21:35,720 --> 00:21:38,359
Speaker 2: A b interesting new numbers out overnight from the UK

477
00:21:38,400 --> 00:21:40,679
Speaker 2: six hundred and seventy seven thy three hundred as in

478
00:21:40,680 --> 00:21:43,440
Speaker 2: a net gain in immigration. It's a hot, hot issue.

479
00:21:43,720 --> 00:21:45,639
Speaker 2: Year before that it was seven hundred and forty five thousand,

480
00:21:45,680 --> 00:21:47,439
Speaker 2: year before that it was six hundred and eighty five thousand. So,

481
00:21:47,440 --> 00:21:49,760
Speaker 2: all of a sudden, the population UK population has gone

482
00:21:49,800 --> 00:21:52,960
Speaker 2: to sixty eight point three million, fourteen to two.

483
00:21:53,680 --> 00:21:57,560
Speaker 9: International correspondence with Ends and Eye Insurance, Peace of mind

484
00:21:57,600 --> 00:21:58,800
Speaker 9: for New Zealand business.

485
00:21:58,880 --> 00:22:01,960
Speaker 2: Outside Richard morning, what do you mind? They seem to

486
00:22:02,000 --> 00:22:03,639
Speaker 2: have done all they can and they're just waiting.

487
00:22:04,800 --> 00:22:07,040
Speaker 16: Well, we'll find out whether they've done all they can.

488
00:22:07,600 --> 00:22:09,400
Speaker 16: Certainly a lot of people are heading out of town

489
00:22:09,480 --> 00:22:12,360
Speaker 16: right now. But let's start with this. Hurricanes are unpredictable,

490
00:22:12,400 --> 00:22:14,440
Speaker 16: but this latest Hurrican Milton, is grabbing a lot of

491
00:22:14,480 --> 00:22:18,480
Speaker 16: attention because last night again strength so fast it became

492
00:22:18,520 --> 00:22:22,480
Speaker 16: one of the strongest Atlantic storms ever recorded. That had

493
00:22:22,480 --> 00:22:26,520
Speaker 16: some Florida weather forecasters in tears on air, literally tearing

494
00:22:26,600 --> 00:22:28,640
Speaker 16: up at what they were seeing with the numbers coming through.

495
00:22:28,680 --> 00:22:31,360
Speaker 16: Here's John Morales of NBC Miami.

496
00:22:31,520 --> 00:22:34,800
Speaker 11: It has dropped. He's choken up here.

497
00:22:37,280 --> 00:22:44,880
Speaker 17: It has dropped fifty millibars in ten hours. I apologize,

498
00:22:45,080 --> 00:22:45,720
Speaker 17: this is just.

499
00:22:47,240 --> 00:22:47,800
Speaker 18: Horrific.

500
00:22:48,160 --> 00:22:50,040
Speaker 16: Yeah, what happened is that it went from a Category

501
00:22:50,160 --> 00:22:52,560
Speaker 16: one storm to a Cat five with top wind speeds

502
00:22:52,600 --> 00:22:55,840
Speaker 16: of get this, two hundred and ninety kilometers an hour

503
00:22:56,680 --> 00:23:00,960
Speaker 16: in just a short period. Morales warns gaining.

504
00:23:00,640 --> 00:23:02,960
Speaker 17: Strength in the Gulf of Mexico, where you can imagine

505
00:23:03,560 --> 00:23:07,520
Speaker 17: the winds. I mean, the seas are just so incredibly,

506
00:23:07,760 --> 00:23:11,359
Speaker 17: incredibly hot, a record hot, as you might imagine. You

507
00:23:11,400 --> 00:23:13,320
Speaker 17: know what's driving that. I don't need to tell you

508
00:23:13,440 --> 00:23:14,960
Speaker 17: global warming, climate change.

509
00:23:15,040 --> 00:23:17,520
Speaker 16: Well, since then, the storm has eased to a Category four,

510
00:23:17,720 --> 00:23:20,560
Speaker 16: and this is what typically happens. These hurricanes weaken through

511
00:23:20,680 --> 00:23:24,159
Speaker 16: what is called eyewall replacement. That's when the wall of

512
00:23:24,480 --> 00:23:27,520
Speaker 16: new thunderstorms forms right around the eye, so choking off

513
00:23:27,560 --> 00:23:30,280
Speaker 16: some of the new moisture coming in, but creating in

514
00:23:30,320 --> 00:23:33,840
Speaker 16: the process a much larger hurricane. As it nears land,

515
00:23:33,880 --> 00:23:36,719
Speaker 16: which is expected by early Thursday or time, it can

516
00:23:36,760 --> 00:23:38,879
Speaker 16: either strengthen again a week can we seen both in

517
00:23:38,920 --> 00:23:41,440
Speaker 16: the past. The other fact of this time is that

518
00:23:41,560 --> 00:23:44,000
Speaker 16: it seems to be headed towards Tampa Bay in Florida.

519
00:23:45,040 --> 00:23:48,120
Speaker 16: This place is specially vulnerable. It has a shallow seabed

520
00:23:48,160 --> 00:23:51,240
Speaker 16: which can send storm surges well on shore at maybe

521
00:23:51,480 --> 00:23:55,920
Speaker 16: four and a half meters high. Unsurvivable, warns Tampa's Mare

522
00:23:56,440 --> 00:23:59,560
Speaker 16: Jane Caster of this potential situation.

523
00:23:59,680 --> 00:24:02,399
Speaker 17: She said, if you choose to stay in one of

524
00:24:02,400 --> 00:24:04,359
Speaker 17: those evacuation areas, you're going to die.

525
00:24:05,560 --> 00:24:07,199
Speaker 16: That's the kind of warning that has more than a

526
00:24:07,200 --> 00:24:09,959
Speaker 16: million Floridians hitting the roads at the minute. Petrol stations

527
00:24:10,000 --> 00:24:13,080
Speaker 16: are running out of fuel. Traffic time surrendous, says one driver,

528
00:24:13,119 --> 00:24:15,880
Speaker 16: who took eight hours, so double the usual to get

529
00:24:15,880 --> 00:24:16,400
Speaker 16: out of town.

530
00:24:16,560 --> 00:24:18,760
Speaker 17: It is bumper to bumper, to the point where we

531
00:24:18,760 --> 00:24:22,280
Speaker 17: were standstill, not moving for an hour at a time.

532
00:24:22,320 --> 00:24:24,760
Speaker 16: Of course, this is just two weeks since Hurricane Helene

533
00:24:24,840 --> 00:24:27,440
Speaker 16: hit in six states, especially North Carolina, one of the

534
00:24:27,520 --> 00:24:30,120
Speaker 16: least likely places, with more than two hundred people now

535
00:24:30,640 --> 00:24:33,480
Speaker 16: registered as killed and untold damages. The worst in recent

536
00:24:33,520 --> 00:24:36,879
Speaker 16: times because with Katrina in O five, thirteen hundred and

537
00:24:36,920 --> 00:24:40,160
Speaker 16: ninety two people died in that storm, damages of around

538
00:24:40,240 --> 00:24:44,360
Speaker 16: two hundred and four billion dollars. New Zealand, this time.

539
00:24:44,400 --> 00:24:46,840
Speaker 16: President Biden has canceled a foreign trip to Germany and Angola,

540
00:24:46,920 --> 00:24:48,679
Speaker 16: saying this new storm could be the worst in the

541
00:24:48,720 --> 00:24:51,440
Speaker 16: region in a century, while the White House is unite

542
00:24:51,480 --> 00:24:55,080
Speaker 16: the slamming Trump for criticizing the Federal Emergency Services FEMA.

543
00:24:55,119 --> 00:24:57,840
Speaker 16: But we will see what happens with the storm on Thursday.

544
00:24:57,880 --> 00:25:00,960
Speaker 16: And do we watched in wait meantime, Bob woodoods, Yeah,

545
00:25:01,280 --> 00:25:03,639
Speaker 16: this country's leading political reporter is about to come out

546
00:25:03,680 --> 00:25:06,159
Speaker 16: with a new book with some bomb shows right on

547
00:25:06,160 --> 00:25:09,399
Speaker 16: the eve of the elections. Folks talking about Woodward, who,

548
00:25:09,400 --> 00:25:11,760
Speaker 16: along with Carl Bernstein, did the core reporting that forced

549
00:25:11,840 --> 00:25:14,640
Speaker 16: Richard Nixon from power during Watergate. Of course, since then,

550
00:25:14,640 --> 00:25:17,200
Speaker 16: Woodwood has shown with a series of best selling political

551
00:25:17,240 --> 00:25:19,399
Speaker 16: books and with his time at The Washington Post that

552
00:25:19,480 --> 00:25:22,240
Speaker 16: he has the best high level political sources of anyone

553
00:25:22,320 --> 00:25:24,280
Speaker 16: in the country. His new book was called War and

554
00:25:24,359 --> 00:25:26,800
Speaker 16: it comes out next week. In it, he reveals that

555
00:25:26,920 --> 00:25:31,480
Speaker 16: Trump secretly stayed in touch with Russia's Putin after leaving office.

556
00:25:31,680 --> 00:25:34,080
Speaker 16: It describes a scene just this year at mare Lago,

557
00:25:34,240 --> 00:25:37,600
Speaker 16: Trump's place in Florida, when Trump ordered an eight out

558
00:25:37,640 --> 00:25:40,200
Speaker 16: of his office so he could speak with the Russian dictator.

559
00:25:40,240 --> 00:25:42,520
Speaker 16: The book indicates that these two have spoken at least

560
00:25:42,920 --> 00:25:46,280
Speaker 16: seven times. In one conversation during the height of COVID

561
00:25:46,320 --> 00:25:48,600
Speaker 16: in twenty twenty, when Trump still was in office, he

562
00:25:48,640 --> 00:25:52,919
Speaker 16: agreed to send Putin when they were rare Abbot COVID

563
00:25:52,960 --> 00:25:55,520
Speaker 16: tests for the Russian leader's personal use. Putin said to

564
00:25:55,520 --> 00:25:58,600
Speaker 16: be particularly anxious about being infected at the time. The

565
00:25:58,640 --> 00:26:01,800
Speaker 16: book has part of one conversation verbatim in it. Putin says,

566
00:26:01,840 --> 00:26:05,040
Speaker 16: of the COVID test quote, please don't tell anybody you

567
00:26:05,119 --> 00:26:05,879
Speaker 16: sent these to me.

568
00:26:06,119 --> 00:26:07,640
Speaker 10: Trump replies, I don't.

569
00:26:07,440 --> 00:26:10,960
Speaker 16: Care, fine. Putin, No, no, I don't want you to

570
00:26:11,000 --> 00:26:14,000
Speaker 16: tell anybody because people will get mad at you, not me.

571
00:26:14,440 --> 00:26:18,560
Speaker 16: They don't care about me, So Putin suggesting he cares

572
00:26:19,400 --> 00:26:21,520
Speaker 16: what people think about Donald Trump.

573
00:26:21,320 --> 00:26:23,199
Speaker 2: Random ask good on you man't catch up soon. Rick

574
00:26:23,280 --> 00:26:26,400
Speaker 2: Judarnold state side, No, no, don't tell them. These people

575
00:26:26,480 --> 00:26:28,520
Speaker 2: run the world. Hard to believe, isn't it? Nine minutes

576
00:26:28,560 --> 00:26:29,520
Speaker 2: away from seven.

577
00:26:30,040 --> 00:26:34,280
Speaker 1: The Mike Hosking racist with al Vida, retirement, communities news.

578
00:26:34,160 --> 00:26:37,680
Speaker 2: Bogs dB blu Khaki very good news. It's roadsen, as

579
00:26:37,720 --> 00:26:39,480
Speaker 2: in the lake, as in hydro, as in the price

580
00:26:39,520 --> 00:26:43,040
Speaker 2: of power. It's risen seven hundred and fifteen mills to

581
00:26:43,119 --> 00:26:45,080
Speaker 2: just over five hundred and twenty five meters above sea level,

582
00:26:45,080 --> 00:26:46,600
Speaker 2: which is one hundred and two percent of the average

583
00:26:46,640 --> 00:26:48,480
Speaker 2: for this time of the year, So it's over average.

584
00:26:48,720 --> 00:26:52,560
Speaker 2: The White Taki catchment fourth wetter September on record. Bad

585
00:26:52,560 --> 00:26:54,800
Speaker 2: for the farmers, good for the power. Snow story just

586
00:26:54,800 --> 00:26:56,840
Speaker 2: sitting at one hundred and seventeen so when it melts,

587
00:26:56,880 --> 00:26:59,840
Speaker 2: that's all good as well. So for now, fingers crossed

588
00:26:59,840 --> 00:27:01,600
Speaker 2: all the so I know, Transpower the other day said

589
00:27:02,320 --> 00:27:04,880
Speaker 2: wait till next winter. It's going to be a problem again.

590
00:27:04,960 --> 00:27:07,119
Speaker 2: So we actually haven't solved anything. It just sort of

591
00:27:07,160 --> 00:27:10,879
Speaker 2: reigned momentarily Nobel Prize time. Why am I the only

592
00:27:10,920 --> 00:27:13,359
Speaker 2: one who covers us? Go find somebody who covers No

593
00:27:13,400 --> 00:27:16,040
Speaker 2: one covers the Nobel Prizes like I do, for goodness sake.

594
00:27:16,160 --> 00:27:19,119
Speaker 2: Today it's physics, and today we've got John J. Hopfield

595
00:27:19,119 --> 00:27:23,240
Speaker 2: and Jeffrey E. Hinton use of statistical physics concepts in

596
00:27:23,280 --> 00:27:27,159
Speaker 2: the development of artificial neural networks. The artificial neural networks,

597
00:27:27,160 --> 00:27:29,119
Speaker 2: of course, play a fundamental role in machine learning and

598
00:27:29,200 --> 00:27:32,280
Speaker 2: artificial intelligence, which we're all fascinated with these days. These

599
00:27:32,400 --> 00:27:35,600
Speaker 2: artificial neural networks, say the Committee have been used to

600
00:27:35,640 --> 00:27:39,040
Speaker 2: advance research across physics topics as diverse as practical physics,

601
00:27:39,200 --> 00:27:42,159
Speaker 2: material science, and astrophysics. They've also become part of our

602
00:27:42,240 --> 00:27:46,720
Speaker 2: daily lives facial recognition, language translation. The Committee also issues

603
00:27:46,760 --> 00:27:48,840
Speaker 2: a small warning about AI and how it's boom boom

604
00:27:48,880 --> 00:27:51,520
Speaker 2: boom boom boom boom coming to change the world. But

605
00:27:51,560 --> 00:27:54,240
Speaker 2: for now, these two blokes have won. It's tomorrow. Not

606
00:27:54,359 --> 00:27:59,159
Speaker 2: quite as exciting as physics. It's chemistry, never quite like chemistry.

607
00:27:58,920 --> 00:27:59,879
Speaker 13: Can blow stuff up with him.

608
00:28:00,280 --> 00:28:02,040
Speaker 2: It can blow stuff up with chemistry. So if they

609
00:28:02,160 --> 00:28:04,280
Speaker 2: give something to give the award to somebody who blew

610
00:28:04,320 --> 00:28:05,320
Speaker 2: something up, maybe will.

611
00:28:05,200 --> 00:28:06,200
Speaker 13: And you can poison people.

612
00:28:06,200 --> 00:28:10,720
Speaker 2: That is true. Literature on Friday, Peace on Saturday. We're

613
00:28:10,760 --> 00:28:13,760
Speaker 2: not here for peace. They need to do something about that.

614
00:28:14,000 --> 00:28:15,439
Speaker 2: Maybe not too many people.

615
00:28:15,560 --> 00:28:17,240
Speaker 13: Too many people aren't here for peace these days.

616
00:28:17,240 --> 00:28:19,600
Speaker 2: That is true. Maybe Jackie Tame on Saturday will cover

617
00:28:19,680 --> 00:28:20,879
Speaker 2: it and we'll see how we go with that. But

618
00:28:20,920 --> 00:28:22,960
Speaker 2: you look out around the media today, there's another reason

619
00:28:23,000 --> 00:28:25,680
Speaker 2: why the media is in so much trouble today. You

620
00:28:25,680 --> 00:28:28,439
Speaker 2: go find me someone who's covering the Nobel Peace Prizes.

621
00:28:28,480 --> 00:28:30,760
Speaker 2: Today the Nobel Prizes generally, and you're going to find it.

622
00:28:30,960 --> 00:28:33,720
Speaker 2: You will find it nowhere but here four minutes away

623
00:28:33,720 --> 00:28:34,240
Speaker 2: from seven.

624
00:28:35,240 --> 00:28:36,800
Speaker 11: Well, the inns are the outs.

625
00:28:37,080 --> 00:28:41,200
Speaker 1: It's the bizz with business favor. Take your business productivity

626
00:28:41,280 --> 00:28:42,200
Speaker 1: to the next level.

627
00:28:42,200 --> 00:28:44,040
Speaker 2: The probably you will go cover it now. Florida tries

628
00:28:44,080 --> 00:28:45,640
Speaker 2: to get ready, as we told you a couple of

629
00:28:45,720 --> 00:28:47,840
Speaker 2: moments ago, tens of thousands getting out. The highways are

630
00:28:47,880 --> 00:28:50,640
Speaker 2: backed up for miles. They're still working, of course through

631
00:28:50,640 --> 00:28:53,200
Speaker 2: the mess off Heleen last week, as Richard alluded to.

632
00:28:53,280 --> 00:28:55,000
Speaker 2: So we've got some new estimates this morning on the

633
00:28:55,040 --> 00:28:58,760
Speaker 2: damage Helene caused and Milton's bigger, but the Heleen damage

634
00:28:58,760 --> 00:29:03,240
Speaker 2: is at seventy seven point five billion for property up

635
00:29:03,560 --> 00:29:06,280
Speaker 2: around two thirds of that is believed to have been uninsured.

636
00:29:06,320 --> 00:29:10,160
Speaker 2: So you've got huge issues there sixteen states. That's seventy

637
00:29:10,200 --> 00:29:13,400
Speaker 2: seven billion, two thirds which is uninsured as across sixteen states.

638
00:29:13,400 --> 00:29:16,120
Speaker 2: On top of that, company called RIMS Event Response, they've

639
00:29:16,800 --> 00:29:20,440
Speaker 2: estimated around eighteen billion in private market insured losses, So

640
00:29:20,520 --> 00:29:23,680
Speaker 2: that's your premiums through the roof National Flood Insurance program

641
00:29:23,680 --> 00:29:25,680
Speaker 2: also likely to see losses of up to three point

642
00:29:25,680 --> 00:29:29,520
Speaker 2: two billion dollars. Vast majority of the damage was from flooding.

643
00:29:29,560 --> 00:29:32,320
Speaker 2: Wind loss though is up around ten billion dollars. So

644
00:29:32,440 --> 00:29:36,520
Speaker 2: they are hunkering down bedtime in Tampa in Florida. And

645
00:29:36,560 --> 00:29:40,240
Speaker 2: as Richard said, late tonight, midnight, one o'clock in the morning, ish,

646
00:29:40,320 --> 00:29:44,640
Speaker 2: our time is when it hits land, right Adrian, what's

647
00:29:44,640 --> 00:29:46,080
Speaker 2: he going to do? Is you're gonna do twenty five

648
00:29:46,200 --> 00:29:49,920
Speaker 2: or fifty? And what material difference is that going to make?

649
00:29:49,960 --> 00:29:52,479
Speaker 2: And do we if we see fifty, expect another fifteen

650
00:29:52,480 --> 00:29:56,080
Speaker 2: next time before Christmas. All of these are interesting live points,

651
00:29:56,080 --> 00:29:58,600
Speaker 2: and play Michael Riddell out of the former Reserve Bank

652
00:29:58,600 --> 00:30:02,920
Speaker 2: economist with us directly after the news.

653
00:30:02,160 --> 00:30:06,040
Speaker 1: The breakfast show You can Trust the Mic Hosking breakfast

654
00:30:06,320 --> 00:30:09,600
Speaker 1: with the Jaguar f base cut from a different class

655
00:30:09,680 --> 00:30:10,480
Speaker 1: news dog's head be.

656
00:30:10,600 --> 00:30:12,720
Speaker 2: Falling seven past seven. So here is your Reserve bank

657
00:30:12,720 --> 00:30:14,960
Speaker 2: and underum most economists want a fifty point cut today.

658
00:30:15,000 --> 00:30:16,840
Speaker 2: That's a big cut. That's a cut that might indicate

659
00:30:16,880 --> 00:30:18,760
Speaker 2: the Reserve Bank wreck the economy a little bit much.

660
00:30:18,840 --> 00:30:20,560
Speaker 2: Last time we heard from Adria and he was talking

661
00:30:20,560 --> 00:30:22,640
Speaker 2: twenty five points of course, So what happens today and

662
00:30:22,640 --> 00:30:25,280
Speaker 2: what effect does it have former Reserve Bank economist Michael

663
00:30:25,320 --> 00:30:28,719
Speaker 2: Raddell's with us. Michael, morning to you. If you're on

664
00:30:28,800 --> 00:30:32,560
Speaker 2: the Monetary Policy Committee and you hear all the economists

665
00:30:32,600 --> 00:30:34,920
Speaker 2: so far this week, do you go all geez, I

666
00:30:34,960 --> 00:30:36,800
Speaker 2: wonder do you are you affected by that or not?

667
00:30:36,840 --> 00:30:37,120
Speaker 10: Really?

668
00:30:38,440 --> 00:30:40,560
Speaker 18: We'll so maybe conscious of it. I mean, you know,

669
00:30:40,560 --> 00:30:42,480
Speaker 18: when I used to sell on the Monitary Policy Committee,

670
00:30:42,480 --> 00:30:46,120
Speaker 18: we got standard advice as to what markets were expecting,

671
00:30:46,120 --> 00:30:49,280
Speaker 18: what economists were expecting. I don't think it ever sort

672
00:30:49,280 --> 00:30:52,680
Speaker 18: of spaders very much, because ULTIMATE think you're being governed

673
00:30:52,680 --> 00:30:55,600
Speaker 18: by your own analysis and your own forecast, and quite

674
00:30:55,600 --> 00:30:57,680
Speaker 18: a few of those market economists to say, as I

675
00:30:57,760 --> 00:31:00,640
Speaker 18: am that today is the fifty fifty calls, it's pretty.

676
00:31:00,400 --> 00:31:03,440
Speaker 2: Close, pretty close to to see, I've got Grig Smith,

677
00:31:03,920 --> 00:31:07,520
Speaker 2: who argues cogently at DEBN funds for seventy five and

678
00:31:07,520 --> 00:31:10,320
Speaker 2: you've got INSIDI at twenty five. That's a huge gap.

679
00:31:10,360 --> 00:31:14,120
Speaker 2: How Come we've got such divergence, I think.

680
00:31:14,040 --> 00:31:17,360
Speaker 18: Because intestrates are so high relative to what's the normal levels.

681
00:31:17,360 --> 00:31:19,640
Speaker 18: So the Reserve Bank thinks to normal natural rates about

682
00:31:19,680 --> 00:31:22,440
Speaker 18: three point eight percent were at five point two five

683
00:31:22,480 --> 00:31:24,560
Speaker 18: at the moment, So we're going to get back there

684
00:31:25,040 --> 00:31:29,320
Speaker 18: and close that gap. The question is how rapidly how much? Okay, Well,

685
00:31:29,400 --> 00:31:31,520
Speaker 18: that comes back to the uncertainty of that inflation. You know,

686
00:31:31,560 --> 00:31:33,760
Speaker 18: the inflation matters don't come out for next week. Some

687
00:31:33,800 --> 00:31:36,120
Speaker 18: people are a lot more confident about them than others.

688
00:31:36,160 --> 00:31:38,640
Speaker 2: So they would have some good intel in that. Some

689
00:31:38,720 --> 00:31:41,680
Speaker 2: suggestion is that it could print in a low two,

690
00:31:42,120 --> 00:31:44,960
Speaker 2: which means they've overcooked this, they've squeezed too tight.

691
00:31:46,840 --> 00:31:49,360
Speaker 18: Not necessarily on its own, because what will be affecting

692
00:31:49,360 --> 00:31:51,560
Speaker 18: the headline number next week is petrol prices have been

693
00:31:51,560 --> 00:31:53,440
Speaker 18: coming down, and as you now, oil prices go all

694
00:31:53,440 --> 00:31:55,080
Speaker 18: over the place. They'll be looking at the sort of

695
00:31:55,120 --> 00:32:00,200
Speaker 18: core measures and the ones excluding volatile items. I think

696
00:32:00,200 --> 00:32:02,680
Speaker 18: it's more like the core numbers may still be around

697
00:32:02,760 --> 00:32:05,560
Speaker 18: three or just under, but still probably heading down. And

698
00:32:05,600 --> 00:32:07,440
Speaker 18: it's just a question for them of a how much

699
00:32:07,920 --> 00:32:10,920
Speaker 18: can they take from their forecast now they won't have

700
00:32:10,920 --> 00:32:13,640
Speaker 18: any advanced information, and how consistent do they want to

701
00:32:13,640 --> 00:32:15,480
Speaker 18: be with what they said in August, because as you

702
00:32:15,560 --> 00:32:19,680
Speaker 18: noted back in August, Asianman's numbers were very clear twenty

703
00:32:19,720 --> 00:32:23,440
Speaker 18: five next month read haven't shifted that much in the meantime.

704
00:32:23,640 --> 00:32:26,520
Speaker 2: Okay, so if he goes fifty, do we assume automatically

705
00:32:26,600 --> 00:32:28,520
Speaker 2: there's another fifty or we can't go that far?

706
00:32:29,480 --> 00:32:31,160
Speaker 18: No, I don't think so, and I don't think they

707
00:32:31,160 --> 00:32:33,040
Speaker 18: will quite have that in their minds either because they

708
00:32:33,040 --> 00:32:34,920
Speaker 18: don't do a full set of forecast or one of

709
00:32:34,920 --> 00:32:37,680
Speaker 18: these reviews. They do the full forecast only every quarter,

710
00:32:37,960 --> 00:32:40,080
Speaker 18: and they do have two bits of crucial information coming

711
00:32:40,120 --> 00:32:42,440
Speaker 18: out in the next couple of weeks, the CPI next

712
00:32:42,440 --> 00:32:44,840
Speaker 18: week and the unemployment and wage numbers the first week

713
00:32:44,840 --> 00:32:45,440
Speaker 18: of November.

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Speaker 2: Does it work if he goes fifty today with the

715
00:32:48,560 --> 00:32:51,760
Speaker 2: twenty five already and possibly another fifty, is that material

716
00:32:51,840 --> 00:32:53,560
Speaker 2: and things we can see.

717
00:32:53,440 --> 00:32:57,240
Speaker 18: Change at that sort of scale one hundred point one

718
00:32:57,280 --> 00:33:00,920
Speaker 18: hundred and twenty five points. Yes, that does become material macroeconomically.

719
00:33:01,320 --> 00:33:04,200
Speaker 18: You're already seeing some business conference surveys picking out, and

720
00:33:04,240 --> 00:33:06,560
Speaker 18: I'm pretty sure that some of that is because people

721
00:33:06,600 --> 00:33:10,560
Speaker 18: are now expecting that there will be big cuts, So

722
00:33:10,760 --> 00:33:13,080
Speaker 18: you know, that's already some of the benefits. But martial

723
00:33:13,120 --> 00:33:14,280
Speaker 18: policy works with a way it.

724
00:33:14,280 --> 00:33:15,680
Speaker 15: Takes twelve months.

725
00:33:15,920 --> 00:33:19,000
Speaker 18: Current things have been affected by decisions early last year,

726
00:33:19,880 --> 00:33:22,480
Speaker 18: so we're not going to see an immediate bounce back

727
00:33:22,480 --> 00:33:23,800
Speaker 18: to normal economic additions.

728
00:33:23,920 --> 00:33:25,920
Speaker 2: All right, I always enjoy your expertise, Michael Michael Adel,

729
00:33:25,960 --> 00:33:28,120
Speaker 2: former Reserve Bank economists. Just do I work you through

730
00:33:28,120 --> 00:33:30,040
Speaker 2: it very quickly. Ten minutes past seven, by the way,

731
00:33:30,560 --> 00:33:32,719
Speaker 2: So the major banks, this is your asb's and your

732
00:33:32,760 --> 00:33:35,040
Speaker 2: KIWI banks. They're all arguing fifty points. Some of them

733
00:33:35,040 --> 00:33:37,840
Speaker 2: are arguing fifty and fifty. Jared kur at Quey Bank

734
00:33:37,920 --> 00:33:41,200
Speaker 2: argues very strongly for that Westpact, they say fifty points,

735
00:33:41,640 --> 00:33:44,640
Speaker 2: B and Z they're looking at the same sort of numbers.

736
00:33:44,640 --> 00:33:46,239
Speaker 2: So the major banks are all on fifty. But then

737
00:33:46,280 --> 00:33:49,680
Speaker 2: you've got the A, N Z. Sharon Zolner. They penciled fifty,

738
00:33:50,120 --> 00:33:53,360
Speaker 2: but they think it's line ball, could easily be twenty five.

739
00:33:53,400 --> 00:33:55,400
Speaker 2: Then you got your independence, you got your infometrics and

740
00:33:55,440 --> 00:33:58,479
Speaker 2: New Zealand economic research. They say twenty five. Doesn't mean

741
00:33:58,480 --> 00:34:00,600
Speaker 2: that they want twenty five, doesn't it. They're just saying

742
00:34:00,680 --> 00:34:03,960
Speaker 2: that's what we see happening today. So she's an interesting

743
00:34:04,000 --> 00:34:07,000
Speaker 2: time and an interesting call. So eleven past seven. Government

744
00:34:07,120 --> 00:34:10,960
Speaker 2: looking at the cowboys in the building sector. Current maximum

745
00:34:10,960 --> 00:34:13,040
Speaker 2: fine for individual builders if you're a bit shonky as

746
00:34:13,080 --> 00:34:15,320
Speaker 2: ten thousand dollars. The plan is to bump that to fifty.

747
00:34:15,640 --> 00:34:17,239
Speaker 2: For companies is going to be one hundred and fifty

748
00:34:17,239 --> 00:34:19,920
Speaker 2: thousand dollars certified build a CEO. Malcolm Fleming with us

749
00:34:19,920 --> 00:34:21,160
Speaker 2: on this Malcolm Morning.

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00:34:21,719 --> 00:34:22,440
Speaker 19: Good morning, Mike.

751
00:34:22,600 --> 00:34:24,719
Speaker 2: Is this a very obvious problem that needs solving with

752
00:34:24,760 --> 00:34:26,359
Speaker 2: a big fine?

753
00:34:26,560 --> 00:34:26,920
Speaker 18: I think it's.

754
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Speaker 19: Look, it's important to note that kereless workmanship by trade

755
00:34:30,480 --> 00:34:35,520
Speaker 19: qualified builders is rare, and the trade qualification for building

756
00:34:35,719 --> 00:34:38,719
Speaker 19: for builders is important. It's been a requirement of ended

757
00:34:38,800 --> 00:34:42,160
Speaker 19: CB membership since we started in ninety ninety eight. It's

758
00:34:42,160 --> 00:34:44,840
Speaker 19: a prerequisite. It's a unique to us, and we're pleased

759
00:34:44,840 --> 00:34:47,440
Speaker 19: at the Government of Signaling that is looking to follow

760
00:34:47,480 --> 00:34:49,200
Speaker 19: our lead with occupational licensing.

761
00:34:49,320 --> 00:34:51,279
Speaker 2: Okay, how does it tire with the master builders? I

762
00:34:51,360 --> 00:34:53,439
Speaker 2: hire a master builder, I'm supposed to be hiring somebody

763
00:34:53,480 --> 00:34:54,920
Speaker 2: who knows what they're doing, never going to cause me

764
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Speaker 2: any problems. Why do we need all of this?

765
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Speaker 19: So the trade qualification, something that we believe in, is INTENCB,

766
00:35:02,440 --> 00:35:06,160
Speaker 19: it's a prerequisite to our membership, is a unique to us.

767
00:35:07,239 --> 00:35:08,919
Speaker 19: You're talking about another trade of social as a reco

768
00:35:08,960 --> 00:35:11,880
Speaker 19: trader association. We're just still to stand behind trade qualification

769
00:35:12,000 --> 00:35:14,880
Speaker 19: because we believe that that is the best quality assurance

770
00:35:14,880 --> 00:35:15,600
Speaker 19: for the homeowner.

771
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Speaker 2: All the issues you see, how many of them are

772
00:35:19,000 --> 00:35:22,200
Speaker 2: the individual who's a bit shonky versus the company who

773
00:35:22,280 --> 00:35:23,440
Speaker 2: has systemic problems.

774
00:35:24,640 --> 00:35:27,200
Speaker 19: It's really a skills issue and that's what we should

775
00:35:27,200 --> 00:35:31,560
Speaker 19: be focusing on solving because the bar to entry for

776
00:35:31,600 --> 00:35:34,880
Speaker 19: a builder is an our view, far too low, and

777
00:35:34,880 --> 00:35:37,560
Speaker 19: that's where it needs to be tightened up. And so

778
00:35:37,719 --> 00:35:39,680
Speaker 19: to answer your question, it really comes down to the

779
00:35:39,719 --> 00:35:43,000
Speaker 19: individual on site. You need to get the skills on site,

780
00:35:43,239 --> 00:35:45,799
Speaker 19: and often the skills aren't on site, and sometimes they

781
00:35:45,800 --> 00:35:48,240
Speaker 19: aren't with the owner of the business either. You need both.

782
00:35:48,520 --> 00:35:51,399
Speaker 2: Is it worth chasing people for money or finding them

783
00:35:51,480 --> 00:35:54,480
Speaker 2: when your house isn't built properly and you're upset about that,

784
00:35:54,520 --> 00:35:56,680
Speaker 2: And do you really care that Bob's going to get

785
00:35:56,719 --> 00:35:57,560
Speaker 2: a fine down the road?

786
00:35:58,760 --> 00:36:01,960
Speaker 19: Well, give some sort of confident to home Martlands that

787
00:36:02,000 --> 00:36:06,440
Speaker 19: there is some punit of penalty there. But again I

788
00:36:06,480 --> 00:36:08,719
Speaker 19: think the problem that needs to be solved is the

789
00:36:08,840 --> 00:36:13,040
Speaker 19: skills and raising the bar for entry to trade qualification

790
00:36:13,120 --> 00:36:15,200
Speaker 19: for builders. All sold a lot of that, all.

791
00:36:15,120 --> 00:36:17,480
Speaker 2: Right, Malcolm, appreciate your insight Malcolm Fleming, who is with

792
00:36:17,600 --> 00:36:21,360
Speaker 2: the Certified Builders Association, thirteen past seven. It is all

793
00:36:22,360 --> 00:36:25,480
Speaker 2: getting a little bit tricky for Anthony Albanezi. He apologized

794
00:36:25,560 --> 00:36:28,239
Speaker 2: yesterday he started accusing the opposition of having touretts. This

795
00:36:28,360 --> 00:36:30,319
Speaker 2: was in the Parliament. You can't go around accusing people

796
00:36:30,320 --> 00:36:32,560
Speaker 2: of having turets, especially in this day and age, so

797
00:36:32,600 --> 00:36:35,239
Speaker 2: he had to come out and apologize. Then he had

798
00:36:35,320 --> 00:36:39,880
Speaker 2: a motion and October seven motion which he was embarrassed

799
00:36:39,920 --> 00:36:43,040
Speaker 2: about because he on one hand wanted to condemn Hamas

800
00:36:43,080 --> 00:36:45,239
Speaker 2: for the attack, but on the other hand he wanted

801
00:36:45,239 --> 00:36:46,960
Speaker 2: to call for a ceasefire. So he's having a bob

802
00:36:47,080 --> 00:36:49,000
Speaker 2: each way. And Done stood up and told him so

803
00:36:49,520 --> 00:36:51,759
Speaker 2: and scored some good political points. And that's before you

804
00:36:51,800 --> 00:36:54,279
Speaker 2: get to the business of the cost of the protests

805
00:36:54,280 --> 00:36:57,840
Speaker 2: in Australia and it's millions to run the police over this.

806
00:36:57,920 --> 00:36:59,080
Speaker 2: So there's a lot going on in that part of

807
00:36:59,080 --> 00:37:00,960
Speaker 2: the world. And Steve Prices with us after eight thirty

808
00:37:00,960 --> 00:37:01,760
Speaker 2: thirteen past.

809
00:37:02,239 --> 00:37:07,480
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

810
00:37:07,480 --> 00:37:08,520
Speaker 1: by News Talks at.

811
00:37:08,360 --> 00:37:12,560
Speaker 2: B Lester Levy, Who's probably got the worst job actually,

812
00:37:12,560 --> 00:37:14,480
Speaker 2: which is the worst job in the country. Currently being

813
00:37:14,480 --> 00:37:16,320
Speaker 2: the Health Commissioner or being the head of the Navy,

814
00:37:16,960 --> 00:37:20,200
Speaker 2: which if there was a punishment job, right, I'm going

815
00:37:20,239 --> 00:37:21,560
Speaker 2: to send you off to be the head of the Navy,

816
00:37:21,680 --> 00:37:23,040
Speaker 2: or else I'm going to send you off to try

817
00:37:23,040 --> 00:37:24,920
Speaker 2: and fix up which is the worst job. Lester Levi's

818
00:37:24,920 --> 00:37:27,200
Speaker 2: with us after seven thirty, after the big blowout yesterday

819
00:37:27,400 --> 00:37:28,960
Speaker 2: sixteen past seven. So if you're trying to get a

820
00:37:29,040 --> 00:37:31,279
Speaker 2: driver's license, here's another problem. If you're trying to get

821
00:37:31,280 --> 00:37:33,600
Speaker 2: a driver's license, that's still an issue. The average wait

822
00:37:33,680 --> 00:37:36,879
Speaker 2: times over a month. We do seemingly have as temporary fix.

823
00:37:37,120 --> 00:37:40,200
Speaker 2: Overseas license conversions will be extended from twelve to eighteen months.

824
00:37:40,200 --> 00:37:42,240
Speaker 2: So another word to become here. You get an overseas license,

825
00:37:42,400 --> 00:37:44,359
Speaker 2: you've got to convert it, but you can now hang

826
00:37:44,400 --> 00:37:46,120
Speaker 2: around for a bit longer, from twelve to eighteen months.

827
00:37:46,120 --> 00:37:48,000
Speaker 2: Transport Minister Simming and Brown is with us on this

828
00:37:48,040 --> 00:37:51,399
Speaker 2: good morning. Good morning mane of all the leavers, you can, Paul,

829
00:37:51,680 --> 00:37:53,600
Speaker 2: how material is this? How many people we got on

830
00:37:53,640 --> 00:37:56,799
Speaker 2: overseas licenses that may or may not convert, Well.

831
00:37:56,680 --> 00:37:59,040
Speaker 20: There's tens of thousands are the reality. As we've had

832
00:37:59,040 --> 00:38:02,160
Speaker 20: significantly high immigration the last number of years. That's adding

833
00:38:02,200 --> 00:38:05,600
Speaker 20: to the backlog of people trying to get their driver's license,

834
00:38:06,520 --> 00:38:09,960
Speaker 20: which is exacerbating a situation which was created when the

835
00:38:10,000 --> 00:38:14,360
Speaker 20: last government made unlimited free resets for people doing tests.

836
00:38:14,760 --> 00:38:16,640
Speaker 20: So we're pulling a number of leavers to get these

837
00:38:17,080 --> 00:38:20,400
Speaker 20: wait times down. We've removed the free research is now

838
00:38:20,440 --> 00:38:23,600
Speaker 20: only one for New Zealand citizens and residents. There's no

839
00:38:23,640 --> 00:38:28,040
Speaker 20: free resets for people on overseas driver license conversions. We're

840
00:38:28,080 --> 00:38:32,080
Speaker 20: now extending the from twelve months to eighteen months for

841
00:38:32,160 --> 00:38:34,480
Speaker 20: people doing these conversions just to free out more space.

842
00:38:34,880 --> 00:38:38,040
Speaker 20: And we've got over fifty more driver training offices across

843
00:38:38,080 --> 00:38:40,839
Speaker 20: the country in place, so we're getting the numbers down,

844
00:38:40,960 --> 00:38:41,960
Speaker 20: but there's still a ways to go.

845
00:38:42,040 --> 00:38:43,920
Speaker 2: I was going to say, do we need more people

846
00:38:44,000 --> 00:38:44,839
Speaker 2: just doing the job.

847
00:38:45,920 --> 00:38:48,839
Speaker 20: That's one of the leavers we've done. So NDTA has

848
00:38:48,880 --> 00:38:52,160
Speaker 20: recruited an extra fifty two full time driver training officers.

849
00:38:52,200 --> 00:38:55,879
Speaker 20: We've got nineteen tempre driver training officers, and there's more

850
00:38:55,880 --> 00:38:58,000
Speaker 20: in training at the moment, and of speeding up the

851
00:38:58,040 --> 00:39:00,120
Speaker 20: training process to get more people on the job at

852
00:39:00,160 --> 00:39:02,560
Speaker 20: the same time. So we're pulling all the levers to

853
00:39:02,560 --> 00:39:04,359
Speaker 20: get these numbers down. I get a lot of people

854
00:39:04,360 --> 00:39:07,000
Speaker 20: writing to me about how long it's taking for their

855
00:39:07,120 --> 00:39:09,200
Speaker 20: children to be able to get a driver license test.

856
00:39:09,239 --> 00:39:11,200
Speaker 20: My own sister who lives in Norkland, she's had to

857
00:39:11,200 --> 00:39:13,520
Speaker 20: go to Rhoda RUA. So we need to do everything

858
00:39:13,520 --> 00:39:14,640
Speaker 20: we can to get these numbers down.

859
00:39:14,680 --> 00:39:16,520
Speaker 2: And that we've just been through it is just a

860
00:39:16,560 --> 00:39:20,120
Speaker 2: cartel because we had real troubles out took a what

861
00:39:20,160 --> 00:39:22,160
Speaker 2: do you call it, the defense of driving course? You know,

862
00:39:22,200 --> 00:39:24,719
Speaker 2: to speed up to get your license, and you can't

863
00:39:24,760 --> 00:39:27,520
Speaker 2: wring anybody. It's all online. You can't get to choose.

864
00:39:27,520 --> 00:39:30,120
Speaker 2: The guy we had was an idiot. You wanted somebody

865
00:39:30,120 --> 00:39:32,080
Speaker 2: who wasn't an idiot. They said, no, no, this is

866
00:39:32,120 --> 00:39:33,920
Speaker 2: the system. You do as you told. The whole thing

867
00:39:33,960 --> 00:39:35,960
Speaker 2: seemed gerrymandered and Soviet Union to me.

868
00:39:37,400 --> 00:39:40,160
Speaker 20: Well, the NDTA is doing some work around the contracts

869
00:39:40,200 --> 00:39:44,759
Speaker 20: for the driver training or sorry, the driver testing. Those

870
00:39:44,760 --> 00:39:46,680
Speaker 20: contracts will be coming up for renewle at some point

871
00:39:46,719 --> 00:39:49,040
Speaker 20: I think next year, and so there does need to

872
00:39:49,080 --> 00:39:50,719
Speaker 20: be some work done around that. They will be making

873
00:39:50,719 --> 00:39:53,040
Speaker 20: sure that it's more efficient. But in the meantime, we

874
00:39:53,080 --> 00:39:54,839
Speaker 20: need to get these numbers down so that people can

875
00:39:54,920 --> 00:39:57,040
Speaker 20: get their driver license tests in a timely fashion.

876
00:39:57,200 --> 00:39:58,239
Speaker 2: Do you know what you do? Do you want a

877
00:39:58,280 --> 00:39:58,680
Speaker 2: top tip?

878
00:39:58,680 --> 00:40:00,919
Speaker 18: Simeon, I'd love a top tip.

879
00:40:01,080 --> 00:40:04,000
Speaker 2: They refresh every hour for the people who have booked

880
00:40:04,000 --> 00:40:05,719
Speaker 2: and then drop out. You go on the top of

881
00:40:05,719 --> 00:40:07,279
Speaker 2: the hour and you get in. We got in the

882
00:40:07,360 --> 00:40:07,799
Speaker 2: next day.

883
00:40:08,719 --> 00:40:10,160
Speaker 20: Oh that's it's fantastic.

884
00:40:10,200 --> 00:40:10,640
Speaker 8: Top tip.

885
00:40:10,680 --> 00:40:13,759
Speaker 20: And one of the other misiative they are doing is

886
00:40:13,800 --> 00:40:15,920
Speaker 20: actually ringing people before here and say are you actually

887
00:40:15,920 --> 00:40:18,360
Speaker 20: coming along because no shows is a big problem.

888
00:40:18,680 --> 00:40:20,480
Speaker 2: That, by the way, was free from me to you.

889
00:40:20,480 --> 00:40:22,200
Speaker 2: You have a good day. Appreciate it. Sim And Brown,

890
00:40:22,200 --> 00:40:24,040
Speaker 2: who is the transport minutes. That's what we did. It

891
00:40:24,080 --> 00:40:26,640
Speaker 2: wasn't that hard. It's not to say it works every

892
00:40:26,680 --> 00:40:29,240
Speaker 2: time and don't text me and go. And that's because

893
00:40:29,280 --> 00:40:31,040
Speaker 2: that's who you are. It's got nothing to do with that.

894
00:40:31,080 --> 00:40:32,840
Speaker 2: They refresh every hour the computer. You just go to

895
00:40:32,880 --> 00:40:34,520
Speaker 2: the computer to ring them up. Straight afterwards, you said

896
00:40:34,520 --> 00:40:36,120
Speaker 2: you've got any cancelations, they go, oh, yes, we've got

897
00:40:36,160 --> 00:40:39,520
Speaker 2: one drop off, now go bang, We'll take it. Seven twenty.

898
00:40:41,200 --> 00:40:46,040
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

899
00:40:46,040 --> 00:40:48,080
Speaker 1: by News Talk zib Right.

900
00:40:48,040 --> 00:40:50,520
Speaker 2: News from Chemist Warehouse off Turber catalog the sales on

901
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902
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903
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904
00:40:58,800 --> 00:41:01,640
Speaker 2: one point two five kg or moisturizing lotion one twenty

905
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Speaker 2: two to five liter are now only thirty two ninety nine.

906
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Speaker 2: You can shop the Glow Lab range, which is currently

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Speaker 2: twenty percent off at Chemist Warehouse. Treat your skin with

908
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909
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Speaker 2: lotion that range starting for just nineteen ninety nine, and

910
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911
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Speaker 2: Clean electric toothbrush that removes up to one hundred percent

912
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Speaker 2: more plark than your regular toothbrush, now only thirty nine

913
00:41:23,280 --> 00:41:26,480
Speaker 2: to ninety nine. You can also shop the NYX cosmetics

914
00:41:26,600 --> 00:41:29,440
Speaker 2: range that's exclusive to Chemist Warehouse and starts now from

915
00:41:29,440 --> 00:41:31,960
Speaker 2: fourteen sixty nine. Gotta hurry though, because the Great Chemist

916
00:41:31,960 --> 00:41:36,040
Speaker 2: Warehouse October Catalog. Those offers en twenty three October head

917
00:41:36,040 --> 00:41:38,160
Speaker 2: and store or online. But stop paying too much with

918
00:41:38,680 --> 00:41:41,560
Speaker 2: Chemists Warehouse Huski seven twenty three. So there are some

919
00:41:41,640 --> 00:41:44,880
Speaker 2: dumb games. Dumb games being played at the moment in

920
00:41:44,880 --> 00:41:47,520
Speaker 2: the very serious business of health. Health New Zealand is

921
00:41:47,560 --> 00:41:49,120
Speaker 2: in the red to the tune of about one point

922
00:41:49,120 --> 00:41:52,240
Speaker 2: seven billion dollars. That's for the year. They're over budget

923
00:41:52,239 --> 00:41:55,239
Speaker 2: by one point seven billion dollars. That's why Lester Levey

924
00:41:55,280 --> 00:41:57,120
Speaker 2: got to be Commissioner and all the others will let go.

925
00:41:57,440 --> 00:42:00,640
Speaker 2: Game one is the Labour Party. You have, of course,

926
00:42:00,800 --> 00:42:03,319
Speaker 2: zero credibility when it comes to money, acclaiming the one

927
00:42:03,320 --> 00:42:06,120
Speaker 2: point seven is because Health New Zealand is underfunded. Now

928
00:42:06,120 --> 00:42:08,359
Speaker 2: I have seen the budget on budget comparisons. They are

929
00:42:08,400 --> 00:42:11,560
Speaker 2: not aischeverol is playing with numbers in a Ginny Anderson.

930
00:42:11,560 --> 00:42:12,920
Speaker 2: Have you seen how many cops are on the beat

931
00:42:13,040 --> 00:42:16,200
Speaker 2: kind of way. Dumb game number two comes from the unions,

932
00:42:16,280 --> 00:42:19,920
Speaker 2: also with zero credibility around economics. They argue their equity

933
00:42:19,960 --> 00:42:22,120
Speaker 2: pay claim this was when we gave nurses a massive

934
00:42:22,160 --> 00:42:24,560
Speaker 2: pay rise i e. About four hundred million dollars worth

935
00:42:24,800 --> 00:42:26,800
Speaker 2: should not be part of the one point seven billion

936
00:42:27,040 --> 00:42:29,760
Speaker 2: because they were told it was coming from quote unquote

937
00:42:30,120 --> 00:42:35,239
Speaker 2: another pot. Sadly, other pots aren't real. What's real is

938
00:42:35,239 --> 00:42:36,799
Speaker 2: what it costs to run the health system. And what

939
00:42:36,840 --> 00:42:39,160
Speaker 2: it costs is more than they have. Hence they're in

940
00:42:39,200 --> 00:42:41,280
Speaker 2: the red to the tune of one point seven billion,

941
00:42:41,520 --> 00:42:43,320
Speaker 2: and part of the cost is what we pay nurses.

942
00:42:43,880 --> 00:42:46,560
Speaker 2: The culmination of the labor union dumb game is that

943
00:42:46,640 --> 00:42:49,680
Speaker 2: allegedly the government manufacturing a crisis. Now, the trouble with numbers,

944
00:42:49,719 --> 00:42:53,000
Speaker 2: generally speaking is they are what they are. We deal

945
00:42:53,040 --> 00:42:55,160
Speaker 2: with this daily with our bank banalances, don't we If

946
00:42:55,160 --> 00:42:59,440
Speaker 2: we're overdrawn, we are generally not manufacturing a crisis, or

947
00:42:59,480 --> 00:43:03,839
Speaker 2: generally we haven't been underfunded. We're just overdrawn and we

948
00:43:03,880 --> 00:43:06,440
Speaker 2: need to live within our means. The unions and the

949
00:43:06,520 --> 00:43:08,680
Speaker 2: Labour Party have never really had any trouble living beyond

950
00:43:08,719 --> 00:43:11,520
Speaker 2: their means, of course, and this is why more broadly speaking,

951
00:43:11,560 --> 00:43:14,279
Speaker 2: economically we've had three recessions in two years. We have

952
00:43:14,400 --> 00:43:17,640
Speaker 2: not and still don't pay our way. So the good news,

953
00:43:17,680 --> 00:43:19,760
Speaker 2: if there is any, is that at one point seven

954
00:43:19,800 --> 00:43:22,880
Speaker 2: billion a year, surely, surely there's a lot of waste

955
00:43:22,880 --> 00:43:25,480
Speaker 2: in there somewhere. I mean, of Eric Stanford can find

956
00:43:25,480 --> 00:43:27,960
Speaker 2: one hundred million on a Mari language course that was

957
00:43:28,000 --> 00:43:30,719
Speaker 2: producing little of anything. Law only knows what you can

958
00:43:30,760 --> 00:43:33,759
Speaker 2: find in the thirty odd billion of health money. So

959
00:43:33,800 --> 00:43:36,520
Speaker 2: the most valuable skill we can bring to such matters

960
00:43:36,560 --> 00:43:40,760
Speaker 2: at the moment is realism, economic realism. We are broke,

961
00:43:41,160 --> 00:43:44,800
Speaker 2: we are overspending and fudging numbers and playing dumb games

962
00:43:45,200 --> 00:43:48,920
Speaker 2: doesn't help. Pasking Mike Armor driving testing officer extending the

963
00:43:48,960 --> 00:43:51,760
Speaker 2: overseas conversion times as nuts. They should be three months max.

964
00:43:51,800 --> 00:43:54,040
Speaker 2: A lot of these folk are failing their tests on

965
00:43:54,080 --> 00:43:58,640
Speaker 2: average six times. My daughters set are restricted yesterday and

966
00:43:58,719 --> 00:44:01,840
Speaker 2: past well done director said there were fourteen no shows

967
00:44:01,840 --> 00:44:03,600
Speaker 2: in the last two weeks and that's just in twerpo.

968
00:44:03,719 --> 00:44:05,239
Speaker 2: So yeah, there's a lot they can do. Then I

969
00:44:05,280 --> 00:44:08,200
Speaker 2: come to the Bordeaux Bakery, Bordeau Bakeries and Wellington Is.

970
00:44:08,239 --> 00:44:10,400
Speaker 2: I'm sure you're well aware they've seen a sixty to

971
00:44:10,400 --> 00:44:12,799
Speaker 2: seventy percent drop in revenue. They've got three outlets, they're

972
00:44:12,800 --> 00:44:15,080
Speaker 2: all closing, gone done, thank you. How long they've been

973
00:44:15,120 --> 00:44:18,000
Speaker 2: around They've been around for thirty years, thirty year businesses.

974
00:44:18,040 --> 00:44:20,359
Speaker 2: Another one in Wellington Ball three in this particular case

975
00:44:20,760 --> 00:44:23,160
Speaker 2: a closing shop follows Pandoro told you about them the

976
00:44:23,160 --> 00:44:25,640
Speaker 2: other day. Thornton Key, Featherston Street, lambdon key. What's the

977
00:44:25,640 --> 00:44:28,520
Speaker 2: problem They're closing Sunday, by the way, so get your

978
00:44:28,600 --> 00:44:32,040
Speaker 2: chibata before then. What's the problem the council. You can't

979
00:44:32,040 --> 00:44:34,520
Speaker 2: get to them. Between the cones and the bus lanes

980
00:44:34,520 --> 00:44:38,080
Speaker 2: and all the other bollocks, you just simply can't get

981
00:44:38,120 --> 00:44:40,280
Speaker 2: to them. So once again we're reminded of what a

982
00:44:40,360 --> 00:44:43,160
Speaker 2: cluster Wellington is, and generally speaking of the New Zealand economy.

983
00:44:43,520 --> 00:44:48,200
Speaker 2: And yet, and yet, I tell you the story of

984
00:44:48,200 --> 00:44:53,160
Speaker 2: Opal Khan. Now, Opal Khn's a very well known Australian entrepreneur, restauranteur, chef.

985
00:44:54,000 --> 00:44:57,320
Speaker 2: He's closing his businesses across the Tasman as well because

986
00:44:57,400 --> 00:44:59,680
Speaker 2: the food costs have gone up. They can't increase the

987
00:44:59,719 --> 00:45:01,880
Speaker 2: price as they charged the customers. The wages are up,

988
00:45:01,920 --> 00:45:04,400
Speaker 2: the interest rates are up. He tried to open a

989
00:45:04,480 --> 00:45:06,880
Speaker 2: cheaper version of what he originally had, can't do it.

990
00:45:06,960 --> 00:45:10,000
Speaker 2: No one's buying. So the Australian economy is just as

991
00:45:10,000 --> 00:45:11,920
Speaker 2: bad there in terms of prosper So if you think, oh,

992
00:45:12,000 --> 00:45:15,000
Speaker 2: no hospital in New Zealand's a disaster, good old Australia,

993
00:45:15,000 --> 00:45:20,200
Speaker 2: that'll know it's just the same there. You can't make money,

994
00:45:20,760 --> 00:45:23,040
Speaker 2: is what he was telling the Australian Press. Yesterday, so

995
00:45:23,200 --> 00:45:26,840
Speaker 2: bad here bad unfortunately there as well news for you

996
00:45:26,960 --> 00:45:29,359
Speaker 2: and a couple of moments and then it's Leicester's turn.

997
00:45:30,360 --> 00:45:35,760
Speaker 1: Big news, bold opinions, the Mic Hosking Breakfast with Bailey's

998
00:45:35,800 --> 00:45:39,880
Speaker 1: Real Estate, your local experts across residential, commercial and rural

999
00:45:39,960 --> 00:45:40,959
Speaker 1: news togs had been.

1000
00:45:40,920 --> 00:45:43,240
Speaker 2: Mike my Son was rejected three times for his driver's

1001
00:45:43,239 --> 00:45:45,600
Speaker 2: license in Auckland, every time for virtually nothing. Things were

1002
00:45:45,640 --> 00:45:48,560
Speaker 2: definitely not road code misdemeanor. So we decided to go

1003
00:45:49,040 --> 00:45:51,239
Speaker 2: and pick somebody in Cambridge for his fourth test. He

1004
00:45:51,320 --> 00:45:54,560
Speaker 2: flew through. There are other issues with driver licensing in Auckland,

1005
00:45:54,719 --> 00:45:57,800
Speaker 2: bullying young people and wasting everybody's time. That's our experience,

1006
00:45:57,800 --> 00:46:00,080
Speaker 2: to be honest with you, and anybody who's had kids,

1007
00:46:00,440 --> 00:46:02,080
Speaker 2: and we've had five of them and gone through the

1008
00:46:02,120 --> 00:46:04,880
Speaker 2: test knows full well that the variation, the level of

1009
00:46:04,960 --> 00:46:07,400
Speaker 2: variation as to what you can and cannot get away with,

1010
00:46:07,880 --> 00:46:10,680
Speaker 2: depends on the day, on the person, and basically where

1011
00:46:10,680 --> 00:46:13,680
Speaker 2: you take it. Twenty three minutes away from eight well

1012
00:46:13,680 --> 00:46:15,920
Speaker 2: as its Wednesday, Mark Mitchell, Ginny Anderson back with us

1013
00:46:15,920 --> 00:46:18,440
Speaker 2: after eight o'clock. This struning back though to health, more

1014
00:46:18,480 --> 00:46:20,400
Speaker 2: insight into the troubles at Health New Zealand. We've got

1015
00:46:20,400 --> 00:46:22,960
Speaker 2: a four hundred and fifty page dump yesterday that gave

1016
00:46:23,000 --> 00:46:25,080
Speaker 2: insight and to tentions about the place. And that's before

1017
00:46:25,080 --> 00:46:26,920
Speaker 2: we get to the red ink, which is into the billions.

1018
00:46:26,920 --> 00:46:28,840
Speaker 2: Of course, the man who will fix it all is

1019
00:46:28,840 --> 00:46:31,320
Speaker 2: Commissioner Lester Levy, who is with us. Very good morning

1020
00:46:31,360 --> 00:46:34,120
Speaker 2: to you morning, Mike. You're making headway.

1021
00:46:35,600 --> 00:46:38,279
Speaker 21: Yes, we're starting to make progress. I think that on

1022
00:46:38,320 --> 00:46:42,440
Speaker 21: the financial side, we've stabilized the situation and starting to

1023
00:46:42,440 --> 00:46:48,520
Speaker 21: get relatively small but meaningful reductions. And what stands in

1024
00:46:48,560 --> 00:46:51,359
Speaker 21: front of us is the cost out program, because first

1025
00:46:51,400 --> 00:46:55,120
Speaker 21: of all, stabilize the finances and then reduce it. Just

1026
00:46:55,160 --> 00:46:58,800
Speaker 21: to remember that this is not a random cost reduction,

1027
00:46:58,920 --> 00:47:01,960
Speaker 21: this is just bringing a back to budget because the

1028
00:47:02,000 --> 00:47:05,480
Speaker 21: problem has really been a beyond budget expenditure.

1029
00:47:05,719 --> 00:47:08,880
Speaker 2: Exactly have you been able to do that comparatively speaking,

1030
00:47:09,000 --> 00:47:11,239
Speaker 2: given the size of what you're dealing with easily? In

1031
00:47:11,280 --> 00:47:13,799
Speaker 2: other words, are the savings there to be had if

1032
00:47:13,840 --> 00:47:14,600
Speaker 2: you look.

1033
00:47:15,800 --> 00:47:19,640
Speaker 21: Yes, I think the savings are definitely here to be made.

1034
00:47:20,040 --> 00:47:24,279
Speaker 21: It's always challenging and difficult in a large organization, and

1035
00:47:24,400 --> 00:47:27,080
Speaker 21: also there's a lot of process that we have to

1036
00:47:27,120 --> 00:47:31,000
Speaker 21: follow because that's really important. So you know, timing is

1037
00:47:31,040 --> 00:47:34,520
Speaker 21: always a challenge. Time is not my ally on this,

1038
00:47:34,760 --> 00:47:38,080
Speaker 21: but look, it's all it's all possible. I think the

1039
00:47:38,160 --> 00:47:42,360
Speaker 21: underlying issue I Mike, is that I'm driving a process

1040
00:47:42,440 --> 00:47:45,880
Speaker 21: so that the public can get the benefit of the

1041
00:47:46,080 --> 00:47:50,440
Speaker 21: constant increases in funding into the health system. And so

1042
00:47:50,560 --> 00:47:55,520
Speaker 21: we have had increases in funding, increases in staffing, and

1043
00:47:55,800 --> 00:48:01,600
Speaker 21: the outputs have only increased relatively restively small increase in

1044
00:48:01,640 --> 00:48:05,399
Speaker 21: output and that's not going to get the waiting times down,

1045
00:48:05,480 --> 00:48:07,160
Speaker 21: which is what patients want to need.

1046
00:48:07,520 --> 00:48:10,200
Speaker 2: So just reiterate what you just said, because Aishavira will

1047
00:48:10,280 --> 00:48:12,959
Speaker 2: argue with you. There is an increase in funding. She says,

1048
00:48:13,000 --> 00:48:15,800
Speaker 2: this is a manufactured crisis. The whole thing's underfunded and

1049
00:48:15,840 --> 00:48:17,879
Speaker 2: you're not getting the money you used to get. She's wrong,

1050
00:48:17,960 --> 00:48:18,520
Speaker 2: Is that correct?

1051
00:48:19,640 --> 00:48:22,920
Speaker 21: Yeah, so this is not a manufactured crisis. Actually, the

1052
00:48:23,840 --> 00:48:27,440
Speaker 21: health expenditure has been increasing year on you for many years.

1053
00:48:27,880 --> 00:48:32,400
Speaker 21: We currently have a revenue into health New Zealand at

1054
00:48:32,440 --> 00:48:35,880
Speaker 21: a higher level than any time previously in the health system,

1055
00:48:36,040 --> 00:48:40,279
Speaker 21: including through the height of COVID. And not only that,

1056
00:48:40,640 --> 00:48:43,360
Speaker 21: we've got a one point four to three billion dollar

1057
00:48:43,480 --> 00:48:47,680
Speaker 21: uplift this year on operating cost and a one point

1058
00:48:47,719 --> 00:48:52,040
Speaker 21: one billion uplift on capital costs. That's a significant amount

1059
00:48:52,160 --> 00:48:55,040
Speaker 21: of money that we need to get value for. So no,

1060
00:48:56,000 --> 00:48:59,319
Speaker 21: there is an increase, So it'd be completely wrong to

1061
00:48:59,320 --> 00:49:03,040
Speaker 21: say that anything is contrived. Look, there's a lot of

1062
00:49:03,080 --> 00:49:05,319
Speaker 21: political issues, there's a lot of arguments, there's a lot

1063
00:49:05,320 --> 00:49:08,640
Speaker 21: of different perspectives. I can only deal with their reality, Mike,

1064
00:49:08,719 --> 00:49:12,160
Speaker 21: And there's an amazing ability in health to take the

1065
00:49:12,200 --> 00:49:16,399
Speaker 21: anecdote and generalize it. I'm dealing with hard data, and

1066
00:49:16,480 --> 00:49:19,480
Speaker 21: what that tells us is that difficult as it is,

1067
00:49:19,719 --> 00:49:23,080
Speaker 21: there's an opportunity to get patients more out of the

1068
00:49:23,160 --> 00:49:25,960
Speaker 21: resources we already have, and we need to do that

1069
00:49:26,120 --> 00:49:29,880
Speaker 21: because those patients, their families and communities need that, deserve

1070
00:49:29,960 --> 00:49:32,640
Speaker 21: that and should get that, and we want to exactly right.

1071
00:49:32,640 --> 00:49:35,040
Speaker 2: And that's good to hear. How much of this and

1072
00:49:35,080 --> 00:49:38,440
Speaker 2: what you're facing is politics and is blown out of proportion.

1073
00:49:38,960 --> 00:49:41,680
Speaker 2: Whether it be the Ayshavial line, whether it's the union

1074
00:49:41,719 --> 00:49:43,520
Speaker 2: line about the four hundred million dollars for the pay

1075
00:49:43,560 --> 00:49:46,719
Speaker 2: equity coming from some other pot and they're confused, or

1076
00:49:46,760 --> 00:49:48,759
Speaker 2: whether it's the recruitment on the front line that is

1077
00:49:48,840 --> 00:49:51,480
Speaker 2: or isn't being adhered to. How much of its people

1078
00:49:51,800 --> 00:49:53,719
Speaker 2: pushing back for political.

1079
00:49:53,280 --> 00:49:56,840
Speaker 21: Reasons, Well, I think a lot of it is people

1080
00:49:57,280 --> 00:50:01,319
Speaker 21: pushing back for vested interest or their own beliefs or

1081
00:50:01,360 --> 00:50:05,320
Speaker 21: whatever you however you'd like to define it. But for example,

1082
00:50:05,320 --> 00:50:09,640
Speaker 21: the pay equity, that's a timing issue, so that's not relevant.

1083
00:50:10,080 --> 00:50:12,480
Speaker 21: So it could have come earlier, it's come now. That

1084
00:50:12,600 --> 00:50:15,440
Speaker 21: doesn't make a big difference to what really worries me,

1085
00:50:15,760 --> 00:50:19,120
Speaker 21: which is a recurrent cost structure. That's our problem that

1086
00:50:19,200 --> 00:50:22,080
Speaker 21: we have a run rate deficit of around about one

1087
00:50:22,160 --> 00:50:24,640
Speaker 21: hundred and forty to one hundred and fifty million a

1088
00:50:24,760 --> 00:50:27,359
Speaker 21: month that we're losing and we have to stop that.

1089
00:50:28,760 --> 00:50:33,160
Speaker 21: The other things I think our side shows. I think

1090
00:50:33,160 --> 00:50:36,279
Speaker 21: that what is really quite important is how did this

1091
00:50:36,400 --> 00:50:40,040
Speaker 21: actually unfold because somebody of myself, I'm dealing with an

1092
00:50:40,040 --> 00:50:43,520
Speaker 21: inherited problem. We did not create this problem ourself, and

1093
00:50:43,560 --> 00:50:46,279
Speaker 21: that's always quite difficult. But if I could maybe just

1094
00:50:46,320 --> 00:50:48,560
Speaker 21: address the staff in because that comes up a lot.

1095
00:50:48,920 --> 00:50:50,640
Speaker 21: You know, it doesn't matter where you are in healthcare,

1096
00:50:50,680 --> 00:50:54,359
Speaker 21: wherever you are in the world. People al as you know,

1097
00:50:54,440 --> 00:50:57,920
Speaker 21: there's always impetus to get more staff, and we want

1098
00:50:57,960 --> 00:51:00,600
Speaker 21: to have a good amount of staff. In the year

1099
00:51:00,719 --> 00:51:05,279
Speaker 21: just finished twenty three twenty four finished in June, we

1100
00:51:05,400 --> 00:51:10,440
Speaker 21: added to Health New Zealand more staff of all professional

1101
00:51:10,719 --> 00:51:13,439
Speaker 21: groups than any time in the last eight years. It's

1102
00:51:13,440 --> 00:51:15,279
Speaker 21: only as far back as we went. We could go

1103
00:51:15,360 --> 00:51:19,319
Speaker 21: back further, but the number in twenty this last year

1104
00:51:19,760 --> 00:51:22,319
Speaker 21: is equivalent to the number in the prior to years

1105
00:51:22,400 --> 00:51:25,279
Speaker 21: added together. And the number of nurses were added in

1106
00:51:25,320 --> 00:51:27,960
Speaker 21: this last year is more than the total amount of

1107
00:51:28,000 --> 00:51:31,160
Speaker 21: all professional types in any of the two prior years.

1108
00:51:31,360 --> 00:51:34,640
Speaker 21: There has never been an uplift in ft full time

1109
00:51:34,680 --> 00:51:37,160
Speaker 21: equivalents as there has been in this last year. So

1110
00:51:37,200 --> 00:51:39,640
Speaker 21: that doesn't meet with the prevailing narrative.

1111
00:51:39,719 --> 00:51:41,480
Speaker 2: No it doesn't. And you don't hear what you've just

1112
00:51:41,560 --> 00:51:44,440
Speaker 2: heard widely enough you hear from the unions. Now, do

1113
00:51:44,480 --> 00:51:46,400
Speaker 2: you feel your winning slowly?

1114
00:51:47,280 --> 00:51:47,600
Speaker 10: Well?

1115
00:51:47,680 --> 00:51:50,960
Speaker 21: I think I wouldn't use the word winning at all

1116
00:51:51,000 --> 00:51:55,440
Speaker 21: in this concept. I feel that we are making progress.

1117
00:51:55,880 --> 00:51:58,759
Speaker 21: We need to mobilize before we can get as much

1118
00:51:58,800 --> 00:52:03,080
Speaker 21: momentum as we would like. But my motivation, my mission, Mike,

1119
00:52:03,320 --> 00:52:06,439
Speaker 21: is to get patients, families and communities what they need

1120
00:52:06,480 --> 00:52:09,319
Speaker 21: and deserve. There's been a huge amount of money that

1121
00:52:09,400 --> 00:52:13,160
Speaker 21: has gone into the health system in recent years, hugely significant,

1122
00:52:13,400 --> 00:52:16,680
Speaker 21: and I don't see the public benefit. I think that

1123
00:52:16,840 --> 00:52:20,200
Speaker 21: is the number one question. Where is a public benefit

1124
00:52:20,280 --> 00:52:23,760
Speaker 21: for all of that money. We shouldn't have patients waiting

1125
00:52:23,920 --> 00:52:27,080
Speaker 21: as long as they are for all sorts of important services.

1126
00:52:27,280 --> 00:52:31,239
Speaker 21: The shortest weight is the safest wait, and that's my objective.

1127
00:52:31,600 --> 00:52:33,719
Speaker 2: Good stuff, good to catch. Uppreciated very much and good luck.

1128
00:52:33,800 --> 00:52:37,040
Speaker 2: Lester Levy. The Health Commission is sixteen minutes away from

1129
00:52:37,320 --> 00:52:42,239
Speaker 2: eight tasking headline. Public health experts fear critical programs for

1130
00:52:42,360 --> 00:52:46,080
Speaker 2: disease prevention and detection could be lost or downgraded with

1131
00:52:46,200 --> 00:52:49,719
Speaker 2: looming budget cuts at the National Public Health Service. These

1132
00:52:49,760 --> 00:52:53,840
Speaker 2: you Radio New Zealand headline aischaviral with a press release.

1133
00:52:53,960 --> 00:52:56,040
Speaker 2: That's where they got the headline from Asia rang them.

1134
00:52:56,440 --> 00:52:59,760
Speaker 2: The government has manufactured a financial crisis to justify stripping

1135
00:52:59,760 --> 00:53:02,439
Speaker 2: back the health system. These cuts are affecting patient care.

1136
00:53:02,520 --> 00:53:04,799
Speaker 2: The government said it wouldn't touch the front line, but

1137
00:53:04,960 --> 00:53:08,520
Speaker 2: it has broken that promise to far. To Ora's internal

1138
00:53:08,520 --> 00:53:11,160
Speaker 2: budget shows all four regions of New Zealand are getting

1139
00:53:11,239 --> 00:53:15,200
Speaker 2: less than the previous year of between about six percent

1140
00:53:15,280 --> 00:53:18,080
Speaker 2: and fourteen percent, an average of nearly nine percent across

1141
00:53:18,120 --> 00:53:22,040
Speaker 2: the country. That's the bit that's wrong, the bit that's right.

1142
00:53:22,760 --> 00:53:25,200
Speaker 2: Next sixteen to two.

1143
00:53:25,320 --> 00:53:29,840
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

1144
00:53:29,840 --> 00:53:31,400
Speaker 1: by News Talks at behere.

1145
00:53:31,440 --> 00:53:33,600
Speaker 2: It's certain away from it. So you heard the labor

1146
00:53:33,680 --> 00:53:37,160
Speaker 2: claim and as run by the media once again. So

1147
00:53:38,200 --> 00:53:42,120
Speaker 2: here's here's what the government said. They initially said she's

1148
00:53:42,160 --> 00:53:44,279
Speaker 2: taking math lessons from Ginny Anderson. But be that as

1149
00:53:44,320 --> 00:53:47,040
Speaker 2: it may. Labor have compared twenty three twenty four actuals

1150
00:53:47,040 --> 00:53:48,960
Speaker 2: to twenty four to twenty five budget. You've got to

1151
00:53:49,000 --> 00:53:52,160
Speaker 2: compare budget to budget, and Health New Zealand says budget

1152
00:53:52,160 --> 00:53:54,719
Speaker 2: allocations have actually increased across the regions by a round

1153
00:53:54,719 --> 00:53:56,920
Speaker 2: about six percent. As you heard from Lesterra moment ago.

1154
00:53:56,920 --> 00:53:59,319
Speaker 2: You're going to remember Lester Leeby's not a politician, is

1155
00:53:59,360 --> 00:54:01,239
Speaker 2: not there to play games. He's there to fix a problem.

1156
00:54:01,320 --> 00:54:03,920
Speaker 2: He's a businessman. So if you want to look at

1157
00:54:03,920 --> 00:54:07,080
Speaker 2: the Northern Region, it's up eight percent. This is funding.

1158
00:54:07,840 --> 00:54:09,959
Speaker 2: The corporate area is up three percent, mid Central Region

1159
00:54:10,040 --> 00:54:12,319
Speaker 2: up seven percent, Central Region up seven percent, Southern Region

1160
00:54:12,360 --> 00:54:14,879
Speaker 2: up seven percent, and overall the total budget. You're talking

1161
00:54:14,920 --> 00:54:18,520
Speaker 2: twenty eight point seven billion dollars. Billion dollars is up

1162
00:54:18,600 --> 00:54:21,319
Speaker 2: nine percent. There is more money going to health. That

1163
00:54:21,440 --> 00:54:25,160
Speaker 2: nurse's story, which I had heard before, is true and

1164
00:54:25,360 --> 00:54:27,120
Speaker 2: is not covered in the way that it should be.

1165
00:54:27,160 --> 00:54:29,960
Speaker 2: I heard Malcolmer holland now I got a bit of

1166
00:54:30,000 --> 00:54:33,440
Speaker 2: time for and he's a health advocate. He's seemingly a

1167
00:54:33,520 --> 00:54:36,040
Speaker 2: very likable guy. But he was on Ryan's program earlier

1168
00:54:36,080 --> 00:54:37,560
Speaker 2: on this morning and they're talking about the number of

1169
00:54:37,640 --> 00:54:40,000
Speaker 2: jobs and he says it's bullshit. Now it's not bullshit.

1170
00:54:40,320 --> 00:54:42,840
Speaker 2: There are more nurses in this country, and we know

1171
00:54:42,960 --> 00:54:46,120
Speaker 2: that to be a fact. What he may be indicating

1172
00:54:46,719 --> 00:54:48,360
Speaker 2: is that there might be some areas of the region.

1173
00:54:48,360 --> 00:54:50,080
Speaker 2: For example, you get one hundred people into the country,

1174
00:54:50,120 --> 00:54:53,040
Speaker 2: they're not distributed in a way that evenly matches out

1175
00:54:53,040 --> 00:54:54,759
Speaker 2: to all the problems. That might well be part of

1176
00:54:54,760 --> 00:54:57,160
Speaker 2: the issue. But there are more people in the system,

1177
00:54:57,320 --> 00:54:59,360
Speaker 2: and there is more money in the system. All you

1178
00:54:59,440 --> 00:55:03,040
Speaker 2: hear when you' you deal with this sort of politics, unfortunately,

1179
00:55:03,840 --> 00:55:05,720
Speaker 2: is there are people who don't want to hear the truth.

1180
00:55:05,880 --> 00:55:08,480
Speaker 2: They've got an agenda, and unless you're agreeing with their

1181
00:55:08,480 --> 00:55:11,839
Speaker 2: agenda or presenting figures that suit their agenda. They don't

1182
00:55:11,880 --> 00:55:12,279
Speaker 2: want to know.

1183
00:55:12,440 --> 00:55:12,680
Speaker 20: Mike.

1184
00:55:12,840 --> 00:55:15,000
Speaker 2: I've been fortunate enough to attend one of Lester Lebey's

1185
00:55:15,040 --> 00:55:18,400
Speaker 2: university courses. He's a fascinating, highly intelligent New Zealander and

1186
00:55:18,440 --> 00:55:20,840
Speaker 2: we're all fortunate to happen. One of the weird things

1187
00:55:20,920 --> 00:55:24,839
Speaker 2: I noted in media coverage of Leicester Levy. There's another

1188
00:55:24,880 --> 00:55:26,800
Speaker 2: advantage of for having been around a while. Lester Levy's

1189
00:55:26,800 --> 00:55:29,600
Speaker 2: been around forever. He's been around thirty plus years in

1190
00:55:29,640 --> 00:55:32,920
Speaker 2: the health area and is a very very successful, highly

1191
00:55:32,960 --> 00:55:37,000
Speaker 2: intelligent individual. So it was with great dismay when he

1192
00:55:37,040 --> 00:55:38,920
Speaker 2: suddenly came back into the public eye a couple of

1193
00:55:38,960 --> 00:55:41,439
Speaker 2: weeks ago as the commissioner. Everyone was calling him Levi

1194
00:55:42,080 --> 00:55:44,040
Speaker 2: as though they'd never heard of him, which of course

1195
00:55:44,080 --> 00:55:46,360
Speaker 2: they hadn't. But that's the problem with the lack of

1196
00:55:46,360 --> 00:55:48,880
Speaker 2: institutional knowledge of these days. Sadly turn away from it.

1197
00:55:49,960 --> 00:55:53,680
Speaker 1: On my cost, gilbreakfast with the Jaguar f Base News

1198
00:55:53,719 --> 00:55:54,239
Speaker 1: talks head.

1199
00:55:54,200 --> 00:55:56,279
Speaker 2: Ben away from Itte. So we've got a squad name

1200
00:55:56,280 --> 00:55:58,400
Speaker 2: for the League Pacific Championship. But as the Keys take

1201
00:55:58,440 --> 00:56:00,200
Speaker 2: on Australia and Tonga later on this month, there are

1202
00:56:00,239 --> 00:56:02,480
Speaker 2: questions being raised about the length of the season and

1203
00:56:02,520 --> 00:56:04,240
Speaker 2: the shape the players are in. The key we selected

1204
00:56:04,239 --> 00:56:05,840
Speaker 2: tell it a Nicka is with us on all of this.

1205
00:56:05,920 --> 00:56:08,240
Speaker 2: Timet a good morning, Good.

1206
00:56:08,080 --> 00:56:10,080
Speaker 15: Morning, Mike. Great to be on the Number one breakfast show.

1207
00:56:10,120 --> 00:56:11,840
Speaker 2: And you's a very kind of you to say. So

1208
00:56:11,960 --> 00:56:15,640
Speaker 2: the international window and its relevance to the game itself,

1209
00:56:15,800 --> 00:56:18,160
Speaker 2: is it a problem.

1210
00:56:18,440 --> 00:56:20,040
Speaker 15: It is a bit of a problem in terms of

1211
00:56:20,080 --> 00:56:22,759
Speaker 15: too many games in the NRL. At the weekend, I

1212
00:56:22,840 --> 00:56:25,040
Speaker 15: was over at the Grand Final and talking to a

1213
00:56:25,040 --> 00:56:27,279
Speaker 15: couple of people around what that season looks like and

1214
00:56:27,320 --> 00:56:30,120
Speaker 15: how we can maybe change it. But because of the

1215
00:56:30,160 --> 00:56:33,960
Speaker 15: twenty seven rounds, Mike and the players play at such

1216
00:56:34,000 --> 00:56:36,600
Speaker 15: an intense place, it does become a bit of a

1217
00:56:36,600 --> 00:56:38,480
Speaker 15: problem at the back end of the season.

1218
00:56:38,640 --> 00:56:40,440
Speaker 2: So what do you have to deal with it. It's

1219
00:56:40,480 --> 00:56:42,799
Speaker 2: not a lack of willingness from the players, it's just

1220
00:56:42,840 --> 00:56:43,960
Speaker 2: the state they're in.

1221
00:56:45,239 --> 00:56:47,600
Speaker 15: Pretty much in terms of the current status of the

1222
00:56:47,640 --> 00:56:50,160
Speaker 15: game and with the NRAL in terms of the number

1223
00:56:50,120 --> 00:56:52,680
Speaker 15: of matches they play. It'll be interesting to see what

1224
00:56:52,719 --> 00:56:55,359
Speaker 15: happens over the next couple of years in terms of

1225
00:56:55,520 --> 00:56:58,040
Speaker 15: how that's going to map out, because there is some

1226
00:56:58,160 --> 00:57:00,880
Speaker 15: talk of reducing the number of games during the season,

1227
00:57:01,480 --> 00:57:04,320
Speaker 15: especially in the NRAL. And if you see the players,

1228
00:57:04,360 --> 00:57:07,560
Speaker 15: we've got probably about five or six players that played

1229
00:57:07,600 --> 00:57:10,320
Speaker 15: last year that are unavailable for our team through injury

1230
00:57:10,920 --> 00:57:13,160
Speaker 15: at the moment, so it is a bit of a problem, Mic,

1231
00:57:13,239 --> 00:57:15,359
Speaker 15: But in saying that, it's an opportunity for a lot

1232
00:57:15,360 --> 00:57:18,320
Speaker 15: of the younger guys coming in and twenty seventh of

1233
00:57:18,360 --> 00:57:21,280
Speaker 15: October in your hometown of christ Church, we have the

1234
00:57:21,360 --> 00:57:24,280
Speaker 15: Kiwi Ferns and the Kiwis playing rugby league back in

1235
00:57:24,360 --> 00:57:26,240
Speaker 15: kross Chet, which is fantastic.

1236
00:57:25,840 --> 00:57:27,920
Speaker 2: Going to be super exciting. So it does in fact

1237
00:57:27,960 --> 00:57:30,520
Speaker 2: become to a degree of blooding experience. In other words,

1238
00:57:30,520 --> 00:57:32,320
Speaker 2: you get a few people that might get an opportunity

1239
00:57:32,360 --> 00:57:34,080
Speaker 2: that under other circumstances might not have.

1240
00:57:35,240 --> 00:57:37,320
Speaker 15: Well we've seen this year, Mike. There's a couple of

1241
00:57:37,320 --> 00:57:39,080
Speaker 15: young players that we had in the squad last year

1242
00:57:39,120 --> 00:57:42,600
Speaker 15: that didn't get the opportunity to play. Guys like Keanu Kinney.

1243
00:57:42,800 --> 00:57:44,720
Speaker 15: They've played at the Gold Coast Titans. Now you would

1244
00:57:44,760 --> 00:57:47,160
Speaker 15: have seen him carve up the Warriors there Mica one

1245
00:57:47,240 --> 00:57:51,160
Speaker 15: season the fullback from there who was outstanding. Also, Will

1246
00:57:51,200 --> 00:57:53,720
Speaker 15: Warbrook played for the Melbourne Storm in the Grand Final

1247
00:57:53,720 --> 00:57:57,400
Speaker 15: on the wing in the final, he gets an opportunity

1248
00:57:57,400 --> 00:57:59,640
Speaker 15: in the squad. So it is definitely a blood the

1249
00:57:59,680 --> 00:58:03,160
Speaker 15: experien but a great opportunity for the new coach Stacey Jones.

1250
00:58:03,240 --> 00:58:05,440
Speaker 2: You've got any indication as to how good Australia and

1251
00:58:05,440 --> 00:58:08,720
Speaker 2: how good tong are, well, you.

1252
00:58:08,680 --> 00:58:11,320
Speaker 15: Know we beat Australia thirty to nil last year. Now

1253
00:58:11,360 --> 00:58:14,320
Speaker 15: that doesn't happen very often, but I know that melman

1254
00:58:14,400 --> 00:58:18,160
Speaker 15: Linger is still hurting from that loss last year, so

1255
00:58:18,200 --> 00:58:22,440
Speaker 15: they're going to come be very aware of the wounded

1256
00:58:22,520 --> 00:58:26,600
Speaker 15: Kangaroo tongue. Mate. They've got outstanding team. A lot of

1257
00:58:26,600 --> 00:58:28,760
Speaker 15: those top players that are playing in the Tongan side

1258
00:58:28,920 --> 00:58:30,760
Speaker 15: are going to be very competitive. They should be a

1259
00:58:30,760 --> 00:58:34,360
Speaker 15: Tier one nation. And the Australian side, you know, melman

1260
00:58:34,440 --> 00:58:37,120
Speaker 15: Linger's packed the guys that paid really well in Origin

1261
00:58:37,360 --> 00:58:40,240
Speaker 15: and guys that have paid really well in the Grand Final,

1262
00:58:41,040 --> 00:58:43,680
Speaker 15: namingly most of the Penrith players in terms of that.

1263
00:58:43,840 --> 00:58:45,840
Speaker 15: So those teams are going to be up to the

1264
00:58:45,880 --> 00:58:48,919
Speaker 15: game in representing Australia. And the great thing about Peter

1265
00:58:49,000 --> 00:58:52,280
Speaker 15: Velandi's is he's really brought back this the international game

1266
00:58:52,320 --> 00:58:54,520
Speaker 15: which needs to be at the forefront, so you know

1267
00:58:54,640 --> 00:58:56,480
Speaker 15: all aug is well to that, but it's going to

1268
00:58:56,480 --> 00:58:57,800
Speaker 15: be an outstanding.

1269
00:58:57,280 --> 00:58:59,880
Speaker 2: Series, fantastic go well, well, good to catch oppreciative room

1270
00:59:00,120 --> 00:59:02,360
Speaker 2: might tell to Nick who's the key we selected these days?

1271
00:59:02,360 --> 00:59:07,840
Speaker 2: Four minutes away from eight. Speaking speaking of the NRL Final,

1272
00:59:08,000 --> 00:59:10,960
Speaker 2: it got beaten in the ratings. They got the ratings

1273
00:59:10,960 --> 00:59:12,680
Speaker 2: out yesterday for the two weekends. So you had the

1274
00:59:12,760 --> 00:59:16,040
Speaker 2: NRAL Final last weekend. He attracted five point three four

1275
00:59:16,160 --> 00:59:20,400
Speaker 2: nine million. That's Australian viewers. But the AFL, which gives

1276
00:59:20,400 --> 00:59:24,680
Speaker 2: you an indication is really how problematic rugby is in

1277
00:59:24,680 --> 00:59:28,160
Speaker 2: that particular part of the world. The AFL got six

1278
00:59:28,200 --> 00:59:30,760
Speaker 2: point two, so six point two versus five point three,

1279
00:59:30,840 --> 00:59:34,840
Speaker 2: So AFL wins every day. Mark Mitchell and Jenny Anderson

1280
00:59:34,880 --> 00:59:37,840
Speaker 2: Politics Wednesday, and actually speaking of Australia, there's an interesting

1281
00:59:37,880 --> 00:59:40,040
Speaker 2: new poll out this morning day of blaming the government

1282
00:59:40,040 --> 00:59:42,160
Speaker 2: for the cost of living crisis. And that's before you

1283
00:59:42,200 --> 00:59:44,200
Speaker 2: get to the various other issues they've got around the

1284
00:59:44,280 --> 00:59:46,880
Speaker 2: business of the Palestinians and the protests and the cost

1285
00:59:46,960 --> 00:59:48,600
Speaker 2: of so all of that to be covered with Steve

1286
00:59:48,600 --> 00:59:51,960
Speaker 2: Price after thirty the morning, absolutely no reason to go

1287
00:59:52,000 --> 00:59:52,760
Speaker 2: anywhere then.

1288
00:59:53,560 --> 00:59:56,600
Speaker 9: Demanding the answers from the decision makers.

1289
00:59:56,960 --> 00:59:58,320
Speaker 11: The Mic Hosking.

1290
00:59:57,960 --> 01:00:02,439
Speaker 1: Breakfast with a Vitati, in communities, life your Way, news

1291
01:00:02,480 --> 01:00:03,160
Speaker 1: talksa'd be.

1292
01:00:04,120 --> 01:00:11,560
Speaker 11: Less, that's forever, take me away. It's not a me

1293
01:00:13,400 --> 01:00:22,720
Speaker 11: but baby. If you say no, living in my misery

1294
01:00:23,200 --> 01:00:29,560
Speaker 11: Heartstock Cabriy Blast, you can have it all.

1295
01:00:30,120 --> 01:00:32,600
Speaker 2: Some indication that some of the material on this new

1296
01:00:32,640 --> 01:00:35,600
Speaker 2: album was written during the making of his previous album,

1297
01:00:35,800 --> 01:00:38,520
Speaker 2: which was called gold Digger's Sound. I can't confirm all

1298
01:00:38,520 --> 01:00:41,400
Speaker 2: the night. That's just the word I've heard. Anyway. The

1299
01:00:41,440 --> 01:00:43,720
Speaker 2: album is called Leon by Leon Bridges, which is what

1300
01:00:43,760 --> 01:00:45,439
Speaker 2: I would call my album. That would be called Mike

1301
01:00:45,480 --> 01:00:48,560
Speaker 2: Cli Mike. But I'm not making an album at the moment,

1302
01:00:48,600 --> 01:00:50,960
Speaker 2: So let's about me, more about Leon. Thirteen tracks and

1303
01:00:51,000 --> 01:00:55,160
Speaker 2: forty two and a half glorious minutes of the slightly introspective,

1304
01:00:55,800 --> 01:01:00,400
Speaker 2: perhaps even melancholy sound in a small has a been

1305
01:01:00,440 --> 01:01:02,400
Speaker 2: as pasted a type of politics when to say, Mark Mitchell,

1306
01:01:02,440 --> 01:01:07,680
Speaker 2: Ginny Anderson, good morning to you. Good morning now, Mark, Mark,

1307
01:01:07,800 --> 01:01:10,040
Speaker 2: the blueprint you're in derned and taking a bit of heat,

1308
01:01:10,040 --> 01:01:12,640
Speaker 2: and I'll come back to that. But the blueprint and

1309
01:01:12,720 --> 01:01:15,560
Speaker 2: the buyout and stuff. This blueprint that you talked about

1310
01:01:15,600 --> 01:01:17,680
Speaker 2: for the people who got flooded, is that a new

1311
01:01:17,800 --> 01:01:20,280
Speaker 2: blueprint or is it part of the ongoing conversation that

1312
01:01:20,360 --> 01:01:22,160
Speaker 2: we've had in places all over the country that get

1313
01:01:22,200 --> 01:01:24,400
Speaker 2: flooded where it might be the council's fault, it might

1314
01:01:24,440 --> 01:01:26,040
Speaker 2: be the governments, it might be the individuals.

1315
01:01:26,120 --> 01:01:29,480
Speaker 10: What is it now? Look, first of all, blueprint's not

1316
01:01:29,840 --> 01:01:30,440
Speaker 10: words at all.

1317
01:01:30,840 --> 01:01:33,280
Speaker 5: That's the words of a journalist and it always sort

1318
01:01:33,280 --> 01:01:36,680
Speaker 5: of gets picked up and attributed to the to the politician,

1319
01:01:36,760 --> 01:01:39,120
Speaker 5: but it's not. We're doing a lot of work around.

1320
01:01:39,360 --> 01:01:40,920
Speaker 5: There's a big edit, a lot of work being done

1321
01:01:40,920 --> 01:01:46,120
Speaker 5: around adaptation plan that's been led by Simon Watts. I'm

1322
01:01:46,200 --> 01:01:48,600
Speaker 5: doing a big piece of work around our legislation to

1323
01:01:48,680 --> 01:01:50,960
Speaker 5: make sure that's fit for purpose and sets us up

1324
01:01:51,000 --> 01:01:53,120
Speaker 5: as a country to be able to have a really good, strong,

1325
01:01:53,920 --> 01:01:56,240
Speaker 5: comprehensive response to these weather events.

1326
01:01:55,960 --> 01:01:56,960
Speaker 10: That we keep getting hit by.

1327
01:01:57,600 --> 01:01:59,240
Speaker 5: Daned, I just want to give a shout out right

1328
01:01:59,320 --> 01:02:02,840
Speaker 5: from the the controllers, all the volunteers, everyone that turns

1329
01:02:02,880 --> 01:02:06,840
Speaker 5: out and dealt with the flooding events in Otagu, the Mayor's,

1330
01:02:07,960 --> 01:02:12,080
Speaker 5: the chief executives, and especially for South Dunedin. The people

1331
01:02:12,120 --> 01:02:15,120
Speaker 5: that were running the pump stations, they did an outstanding job.

1332
01:02:15,280 --> 01:02:18,040
Speaker 2: I was talking to Luxon yesterday about that off air,

1333
01:02:18,200 --> 01:02:21,880
Speaker 2: but are those pump stations better, new, bigger because it

1334
01:02:22,000 --> 01:02:25,080
Speaker 2: all seemed to work given the circumstances reasonably well.

1335
01:02:26,680 --> 01:02:30,600
Speaker 5: There was upgrades lessons learned from twenty fifteen. But you

1336
01:02:30,680 --> 01:02:33,200
Speaker 5: know the way that they manage those pump stations, the flows.

1337
01:02:33,320 --> 01:02:35,600
Speaker 5: They've got big screens that they have to get physically

1338
01:02:35,680 --> 01:02:36,960
Speaker 5: clear of debris.

1339
01:02:37,440 --> 01:02:40,280
Speaker 10: They did that right throughout the rain event, right through

1340
01:02:40,320 --> 01:02:40,640
Speaker 10: the night.

1341
01:02:41,080 --> 01:02:43,959
Speaker 5: And I do want to really specifically acknowledge the guys

1342
01:02:44,360 --> 01:02:47,320
Speaker 5: and the girls that run those pump stations because though

1343
01:02:47,400 --> 01:02:51,040
Speaker 5: often invisible to the public, but in my mind, they

1344
01:02:51,160 --> 01:02:53,160
Speaker 5: made sure that the damage in the South to Need

1345
01:02:53,200 --> 01:02:55,000
Speaker 5: in particular was limited.

1346
01:02:55,200 --> 01:02:57,880
Speaker 2: Is there something, Jinny, you guys could in this age

1347
01:02:57,920 --> 01:03:00,120
Speaker 2: of where allegedly supposed to be on the biggest sho

1348
01:03:00,360 --> 01:03:02,200
Speaker 2: kind of looking to agree with each other. Is it

1349
01:03:02,320 --> 01:03:05,280
Speaker 2: potentially something that you could coalesce along the lines of

1350
01:03:05,440 --> 01:03:07,360
Speaker 2: At some point we need to have an understanding in

1351
01:03:07,480 --> 01:03:10,680
Speaker 2: this country with whether events that somewhere the government fits

1352
01:03:10,760 --> 01:03:12,960
Speaker 2: in somewhere. It's a council somewhere, it's the individual and

1353
01:03:13,080 --> 01:03:14,960
Speaker 2: we should have a set plan so we all understand

1354
01:03:14,960 --> 01:03:15,480
Speaker 2: where we're at.

1355
01:03:16,360 --> 01:03:18,720
Speaker 22: Well, it's funny you say that, Mike, because we did

1356
01:03:18,840 --> 01:03:22,280
Speaker 22: have one and that was all about in its retreat

1357
01:03:22,560 --> 01:03:26,280
Speaker 22: and about how we deal with situations, particularly post Gabriel

1358
01:03:26,360 --> 01:03:28,760
Speaker 22: and Dunedin was in that mix. It was aig piece

1359
01:03:28,800 --> 01:03:31,680
Speaker 22: of working place that got put on the scrap peep

1360
01:03:31,720 --> 01:03:34,960
Speaker 22: with the cuts. And when the Prime Minister was asked

1361
01:03:35,040 --> 01:03:37,520
Speaker 22: about that specific to duned and he didn't even know

1362
01:03:38,200 --> 01:03:40,760
Speaker 22: that that program of work had been cut. So then

1363
01:03:40,960 --> 01:03:43,400
Speaker 22: when you come out and say right Combo Alex old

1364
01:03:43,440 --> 01:03:46,960
Speaker 22: hands cross party agreement, there was stuff in place going

1365
01:03:47,040 --> 01:03:49,640
Speaker 22: on that was cut that the Prime Minister didn't even

1366
01:03:49,720 --> 01:03:52,760
Speaker 22: know about while he was standing in questions.

1367
01:03:52,800 --> 01:03:56,439
Speaker 5: Well, the reason why neither I nor the prome miist

1368
01:03:56,560 --> 01:03:58,440
Speaker 5: knew about that is because that was a proposal put

1369
01:03:58,480 --> 01:03:59,920
Speaker 5: to the previous government that you reject.

1370
01:04:01,200 --> 01:04:03,040
Speaker 10: Three. It was not work place.

1371
01:04:03,160 --> 01:04:07,360
Speaker 22: There was bookham Place, work countsels, managed retreat.

1372
01:04:07,640 --> 01:04:08,040
Speaker 2: It's just.

1373
01:04:09,640 --> 01:04:11,880
Speaker 22: I don't think you're across your brief, might Mark, you

1374
01:04:12,000 --> 01:04:12,840
Speaker 22: need to check your brief.

1375
01:04:14,840 --> 01:04:17,520
Speaker 2: So so glad I raised this particular issue having said

1376
01:04:17,560 --> 01:04:21,280
Speaker 2: that Dunedin as well, I just happened to know Dunedin

1377
01:04:21,320 --> 01:04:23,840
Speaker 2: particularly Well, that's all South. The Needin's been a problem

1378
01:04:23,920 --> 01:04:26,680
Speaker 2: forever and the managed to retreat thing you talk about

1379
01:04:26,760 --> 01:04:29,400
Speaker 2: Ginny has been a conversation for a long period of time.

1380
01:04:29,600 --> 01:04:31,720
Speaker 2: It just to me, Mark giving you running the place

1381
01:04:31,720 --> 01:04:34,160
Speaker 2: at the moment strikes We've got no further down the track.

1382
01:04:34,200 --> 01:04:35,960
Speaker 2: It's just like a I mean, we go back to

1383
01:04:35,960 --> 01:04:38,680
Speaker 2: the Auckland anniversary stuff and there are still people trying

1384
01:04:38,720 --> 01:04:41,240
Speaker 2: to get sorted out somewhere in there. It's their fault,

1385
01:04:41,400 --> 01:04:43,840
Speaker 2: council's fault, government's fault. We don't seem to have moved

1386
01:04:43,880 --> 01:04:44,440
Speaker 2: the needle much.

1387
01:04:45,520 --> 01:04:47,840
Speaker 10: No, Well, in terms of the recovery, we've definitely moved

1388
01:04:47,880 --> 01:04:48,240
Speaker 10: the needle.

1389
01:04:48,320 --> 01:04:50,720
Speaker 5: And you know, I'm hoping that there's been a big

1390
01:04:50,800 --> 01:04:54,080
Speaker 5: focus for me in terms of categorizations and buyouts.

1391
01:04:54,600 --> 01:04:56,400
Speaker 10: We're going to have most of the biots completed by

1392
01:04:56,440 --> 01:04:57,120
Speaker 10: the end of this year.

1393
01:04:57,280 --> 01:05:00,360
Speaker 5: You've always got the very small, tricky and comp caterd

1394
01:05:00,400 --> 01:05:02,479
Speaker 5: ones that take a bit longer to sort out, often

1395
01:05:02,560 --> 01:05:05,120
Speaker 5: driven by the homeowners themselves, who, of course you understand,

1396
01:05:05,360 --> 01:05:07,640
Speaker 5: you know, the anxiety and the stress associated with that

1397
01:05:07,840 --> 01:05:11,240
Speaker 5: is is terrible. But look that in terms of managed retreat.

1398
01:05:11,560 --> 01:05:14,240
Speaker 5: I get around all the councils. We've had six local

1399
01:05:14,400 --> 01:05:16,960
Speaker 5: states of emergency since I've been minister. They are very

1400
01:05:17,000 --> 01:05:18,680
Speaker 5: aware of what they need to do and the plans

1401
01:05:18,680 --> 01:05:20,520
Speaker 5: that they need to have a place in terms of mitigation,

1402
01:05:21,000 --> 01:05:22,360
Speaker 5: reduction and starting to manage that.

1403
01:05:22,480 --> 01:05:23,760
Speaker 10: So there's a big piece of work going on.

1404
01:05:23,880 --> 01:05:26,200
Speaker 5: Like I said, Simon Watts is doing a massive piece

1405
01:05:26,240 --> 01:05:29,920
Speaker 5: of work around the Edittation plan. I'm doing a big

1406
01:05:30,000 --> 01:05:31,960
Speaker 5: piece of work around new legislation that's going to set

1407
01:05:32,040 --> 01:05:33,680
Speaker 5: us up as a country. And by the way, I

1408
01:05:33,760 --> 01:05:35,600
Speaker 5: do agree with you that it should be by partisan

1409
01:05:35,640 --> 01:05:38,160
Speaker 5: and I took Camilla Bellich, who happened to be in

1410
01:05:38,240 --> 01:05:41,400
Speaker 5: Dunedin who is the Labour spokesperson, with me and made

1411
01:05:41,400 --> 01:05:43,640
Speaker 5: sure that she was included in all the briefings and

1412
01:05:43,840 --> 01:05:46,840
Speaker 5: was completely aware and across how the response was unfolding.

1413
01:05:47,200 --> 01:05:50,560
Speaker 2: Indeed, just hold on car care and go Jinny.

1414
01:05:51,200 --> 01:05:51,760
Speaker 10: I was going to say.

1415
01:05:51,960 --> 01:05:53,840
Speaker 22: The big point is that there are parts of New

1416
01:05:53,920 --> 01:05:56,760
Speaker 22: Zealand where people live now that will continue to be

1417
01:05:56,880 --> 01:06:00,320
Speaker 22: hit again and again. And the difficult question, no matter

1418
01:06:00,360 --> 01:06:03,240
Speaker 22: who's in power between central and local government is how

1419
01:06:03,320 --> 01:06:05,720
Speaker 22: you deal with people who are living in those places now,

1420
01:06:06,040 --> 01:06:08,760
Speaker 22: the roads, the infrastructure, all of those things, and what

1421
01:06:08,880 --> 01:06:10,840
Speaker 22: are we going to do in the next twenty years

1422
01:06:10,880 --> 01:06:13,720
Speaker 22: to try and make those communities safert who's gone to?

1423
01:06:13,760 --> 01:06:15,720
Speaker 2: Which one of you two has the crockery? Which one

1424
01:06:15,760 --> 01:06:16,760
Speaker 2: of you two's got crockery?

1425
01:06:18,560 --> 01:06:20,720
Speaker 10: Crockery I've got, so I think, who's got a cop

1426
01:06:20,840 --> 01:06:21,880
Speaker 10: to mother's old crockery?

1427
01:06:22,680 --> 01:06:24,400
Speaker 2: Who's got a cup of tea? At the moment, somebody

1428
01:06:24,440 --> 01:06:24,800
Speaker 2: said some.

1429
01:06:25,440 --> 01:06:30,720
Speaker 10: And so I'm sitting outside. I'm in a beautiful turning

1430
01:06:30,760 --> 01:06:31,560
Speaker 10: with terror on today.

1431
01:06:31,560 --> 01:06:34,160
Speaker 5: I've got a series of meetings here and the staff

1432
01:06:34,280 --> 01:06:36,360
Speaker 5: just brought me at this beautiful cup of coffee at.

1433
01:06:38,200 --> 01:06:39,640
Speaker 10: Yeah, I've got a nice flat watch.

1434
01:06:39,800 --> 01:06:41,320
Speaker 2: So you've got a nice FLT right. Where are you?

1435
01:06:41,480 --> 01:06:43,680
Speaker 2: You're on the corner of seventh and where are you?

1436
01:06:45,120 --> 01:06:48,280
Speaker 10: I me at the Trinity Hotel in oh.

1437
01:06:48,280 --> 01:06:49,760
Speaker 2: It's just going to get some people to honk along

1438
01:06:49,800 --> 01:06:51,320
Speaker 2: the way if they saw you. That's all more in

1439
01:06:51,360 --> 01:06:54,760
Speaker 2: a moment. Mark Mitchell, Ginny Anderson, thirteen past eight The.

1440
01:06:54,920 --> 01:06:58,640
Speaker 1: Mike Hosking Breakfast Full Show podcast on iHeartRadio.

1441
01:06:59,160 --> 01:07:02,600
Speaker 2: It by News Talk Talks sixteen past eight Politics Whensday,

1442
01:07:02,640 --> 01:07:05,000
Speaker 2: Mark Mitchell Ginny Anderson Ginny as regards the need in

1443
01:07:05,080 --> 01:07:07,040
Speaker 2: hospital and the Prime Minister, as you will have seen,

1444
01:07:07,120 --> 01:07:08,560
Speaker 2: got a bit of pete about that the other day.

1445
01:07:09,120 --> 01:07:11,360
Speaker 2: If the numbers are right, and they appear to me

1446
01:07:11,480 --> 01:07:15,040
Speaker 2: from what I've been seeing that it is three billion,

1447
01:07:15,120 --> 01:07:18,440
Speaker 2: if in fact not more, would you still go ahead

1448
01:07:18,520 --> 01:07:21,360
Speaker 2: and justify that three billion? Or would you do what

1449
01:07:21,400 --> 01:07:23,240
Speaker 2: the government has done and go lovely to do it

1450
01:07:23,320 --> 01:07:24,280
Speaker 2: but we just simply can't.

1451
01:07:25,680 --> 01:07:27,720
Speaker 22: Well, it depends on what timeframe you do that. So

1452
01:07:27,920 --> 01:07:30,480
Speaker 22: in projects like in the Hutt Valley where we've had

1453
01:07:30,520 --> 01:07:34,320
Speaker 22: them through inflation and a bunch of other things go

1454
01:07:34,440 --> 01:07:36,680
Speaker 22: over priced, the question is how long you take to

1455
01:07:36,760 --> 01:07:38,280
Speaker 22: do them. And you can do them in stages and

1456
01:07:38,320 --> 01:07:40,440
Speaker 22: you can fund it. So those sorts of decisions you

1457
01:07:40,560 --> 01:07:42,120
Speaker 22: really need to be over the numbers to be able

1458
01:07:42,160 --> 01:07:42,360
Speaker 22: to say.

1459
01:07:42,400 --> 01:07:44,000
Speaker 2: But isn't that part of the problem though The longer

1460
01:07:44,080 --> 01:07:46,080
Speaker 2: you go, the more risk you run and the thing

1461
01:07:46,160 --> 01:07:46,600
Speaker 2: blown out.

1462
01:07:47,360 --> 01:07:49,640
Speaker 22: Well, it depends on what's needed now, and some of

1463
01:07:49,720 --> 01:07:52,640
Speaker 22: the compromises that have been made are not sitting well

1464
01:07:52,680 --> 01:07:55,280
Speaker 22: with that community because they feel that they're not getting

1465
01:07:55,280 --> 01:07:55,640
Speaker 22: their health.

1466
01:07:55,920 --> 01:07:58,520
Speaker 10: No I get all of that share, they need.

1467
01:07:58,640 --> 01:08:01,040
Speaker 2: No one disagrees with the fact that it's a shame

1468
01:08:01,200 --> 01:08:03,840
Speaker 2: that we can't build three billion dollar hospitals. But if

1469
01:08:03,880 --> 01:08:06,040
Speaker 2: you accept the numbers and they do appear to be right,

1470
01:08:06,560 --> 01:08:09,919
Speaker 2: would you spend three billion and fair enough or would

1471
01:08:09,960 --> 01:08:12,400
Speaker 2: you say, look, one point nine is it we can't

1472
01:08:12,440 --> 01:08:13,120
Speaker 2: afford anymore?

1473
01:08:13,320 --> 01:08:15,200
Speaker 22: Well, I'd be talking to Barbara Edmonds because she does

1474
01:08:15,560 --> 01:08:17,439
Speaker 22: she does finance a bit better than me. So I'm

1475
01:08:17,439 --> 01:08:19,519
Speaker 22: not going to make that commitment on your radio station

1476
01:08:19,720 --> 01:08:22,240
Speaker 22: right now. But what we would do is make sure

1477
01:08:22,280 --> 01:08:24,880
Speaker 22: we don't give things like tax cuts to landlords of

1478
01:08:24,920 --> 01:08:27,280
Speaker 22: two point nine billion, because that's a waste of money

1479
01:08:27,479 --> 01:08:29,120
Speaker 22: when you could have had a hospital for people.

1480
01:08:29,600 --> 01:08:31,519
Speaker 10: Okay, So does that mean is it so you're going

1481
01:08:31,560 --> 01:08:32,920
Speaker 10: to reverse that policy? A jinny?

1482
01:08:33,640 --> 01:08:35,519
Speaker 22: What two point nine billion dollars were the tax cuts

1483
01:08:35,560 --> 01:08:36,120
Speaker 22: for landlords?

1484
01:08:36,600 --> 01:08:36,800
Speaker 10: Yeah?

1485
01:08:38,120 --> 01:08:40,400
Speaker 22: Well, that that that in place is something I'm not

1486
01:08:40,439 --> 01:08:43,400
Speaker 22: going to make caucus decisions on live on radio. But

1487
01:08:43,560 --> 01:08:45,519
Speaker 22: we don't think that's a good spend of money. That's

1488
01:08:45,560 --> 01:08:47,559
Speaker 22: a poor choice that you.

1489
01:08:47,520 --> 01:08:48,479
Speaker 10: Won't to reverse it.

1490
01:08:48,520 --> 01:08:50,120
Speaker 5: Look at the end of the day, Mike, as simple

1491
01:08:50,160 --> 01:08:52,320
Speaker 5: as it's as simple as this, we are going to

1492
01:08:52,400 --> 01:08:54,040
Speaker 5: deliver a world class hospital.

1493
01:08:54,520 --> 01:08:54,960
Speaker 10: You are not.

1494
01:08:56,120 --> 01:08:57,880
Speaker 5: It's going to be one point. No one believes that,

1495
01:08:58,520 --> 01:09:01,479
Speaker 5: not three billion. Well I think people do, because actually

1496
01:09:01,520 --> 01:09:04,799
Speaker 5: we've got a track. We could have delivery. People protested

1497
01:09:04,920 --> 01:09:07,280
Speaker 5: in the street and that's and that's what we're focused on.

1498
01:09:07,320 --> 01:09:09,519
Speaker 5: We're focused on delivery. We want to deliver that hospital

1499
01:09:09,560 --> 01:09:10,200
Speaker 5: and we're going to get on.

1500
01:09:10,280 --> 01:09:12,519
Speaker 2: You Mark, When you talk to the people in Duneda,

1501
01:09:12,560 --> 01:09:14,439
Speaker 2: I mean I can't get my head. I mean, yes,

1502
01:09:14,520 --> 01:09:17,040
Speaker 2: they're disappointed, and I would argue they're going to every

1503
01:09:17,120 --> 01:09:18,800
Speaker 2: right to be disappointed because they have a promise something

1504
01:09:18,840 --> 01:09:22,120
Speaker 2: they're not getting. I get that part, But do they

1505
01:09:22,800 --> 01:09:25,640
Speaker 2: get that we just don't have the dough if we

1506
01:09:25,760 --> 01:09:27,200
Speaker 2: did fantastic, we don't.

1507
01:09:28,800 --> 01:09:30,479
Speaker 10: Look, I'm not going to speak for the people in

1508
01:09:30,560 --> 01:09:31,680
Speaker 10: to Need and I've been down there.

1509
01:09:31,680 --> 01:09:33,439
Speaker 2: You ask you when you go unto town, don't you

1510
01:09:34,160 --> 01:09:36,760
Speaker 2: know take your flat. I'd up to a couple and

1511
01:09:36,800 --> 01:09:37,719
Speaker 2: ask a few questions.

1512
01:09:37,800 --> 01:09:41,600
Speaker 5: So I spent a lot of time with them. The

1513
01:09:41,680 --> 01:09:43,720
Speaker 5: hospital was not raised once with me personally, but I

1514
01:09:43,840 --> 01:09:47,240
Speaker 5: was there and you know, helping with the response obviously

1515
01:09:47,360 --> 01:09:50,559
Speaker 5: to the to the flooding events. Some people came out

1516
01:09:50,600 --> 01:09:53,280
Speaker 5: and protested open democracy. That's great, that they can do that.

1517
01:09:53,760 --> 01:09:55,840
Speaker 5: We are going to deliver a world class hospital. We're

1518
01:09:55,840 --> 01:09:57,880
Speaker 5: going to deliver it for one point nine billion dollars,

1519
01:09:58,800 --> 01:10:00,920
Speaker 5: you know, and that's just we cannot afford as a

1520
01:10:00,960 --> 01:10:04,920
Speaker 5: country a three billion dollar hospital. And we've just been

1521
01:10:05,000 --> 01:10:07,360
Speaker 5: very honest, very clear about it. What we focus as

1522
01:10:07,400 --> 01:10:10,040
Speaker 5: a government and doing is actually delivering it. You've had

1523
01:10:10,080 --> 01:10:12,880
Speaker 5: of labor government six years hasn't been delivered. We want

1524
01:10:12,920 --> 01:10:15,040
Speaker 5: to get it delivered for the people of a Tiger

1525
01:10:15,160 --> 01:10:15,679
Speaker 5: and to leading.

1526
01:10:15,760 --> 01:10:17,960
Speaker 2: All right, are you by the Infinity Pool? By the way?

1527
01:10:20,000 --> 01:10:21,920
Speaker 10: Am I what? No, I'm not. I'm out the other side.

1528
01:10:22,400 --> 01:10:23,919
Speaker 10: It's a beautiful day here today.

1529
01:10:23,720 --> 01:10:26,080
Speaker 2: It's a beautiful day. It's a beautiful Infinity Pool as well.

1530
01:10:26,160 --> 01:10:29,519
Speaker 2: I had a birthday party there once, did you you?

1531
01:10:30,160 --> 01:10:32,000
Speaker 10: Oh yeah, I think there's some photos of your birthday.

1532
01:10:35,240 --> 01:10:38,519
Speaker 2: That's nice to say you both again, Mark, Mark Mitchell

1533
01:10:38,560 --> 01:10:44,840
Speaker 2: and Ginny Anderson. It's eight twenty the breakers with news

1534
01:10:44,920 --> 01:10:47,880
Speaker 2: talks now. If you're in the Kiwi Saber and most

1535
01:10:47,880 --> 01:10:50,000
Speaker 2: of us are consuming. New Zealand recently did their annual

1536
01:10:50,080 --> 01:10:53,280
Speaker 2: Key Saber survey. Milford was rated the people's choice for

1537
01:10:53,360 --> 01:10:56,519
Speaker 2: their high schools and customer satisfaction for the seventh year

1538
01:10:56,720 --> 01:10:59,400
Speaker 2: in a row. That's seven years as the people's choice.

1539
01:10:59,439 --> 01:11:01,840
Speaker 2: And on top of the morning Star's latest independence survey

1540
01:11:01,880 --> 01:11:03,479
Speaker 2: you can find that, by the way at Morningstar dot

1541
01:11:03,520 --> 01:11:06,960
Speaker 2: com dot au. It shows that Milford's Kiwisaber Active Growth Fund,

1542
01:11:07,000 --> 01:11:09,720
Speaker 2: the Balance Fund, and the Conservative Funds have all been

1543
01:11:09,840 --> 01:11:13,400
Speaker 2: ranked number one in their fund category for returns over

1544
01:11:13,439 --> 01:11:15,719
Speaker 2: the past ten years. So this is down to Milford's

1545
01:11:15,760 --> 01:11:18,000
Speaker 2: expert team and the active approach to investing. They're able

1546
01:11:18,040 --> 01:11:20,479
Speaker 2: to respond to opportunities as they arrive and manage risk

1547
01:11:20,520 --> 01:11:22,839
Speaker 2: along the way, with the goal of putting their kisaber

1548
01:11:22,880 --> 01:11:25,439
Speaker 2: members in the best position possible. So why not join

1549
01:11:25,479 --> 01:11:27,280
Speaker 2: the thousands of other kisaber members who have made the

1550
01:11:27,280 --> 01:11:28,960
Speaker 2: switch to Milford's super easy You can do it on

1551
01:11:29,000 --> 01:11:30,960
Speaker 2: the website in just a couple of minutes. Reminder, by

1552
01:11:30,960 --> 01:11:33,240
Speaker 2: the way, that past performance is not a reliable indicator

1553
01:11:33,320 --> 01:11:36,559
Speaker 2: of future performance. And here's where you go Milford Asset

1554
01:11:36,680 --> 01:11:41,880
Speaker 2: dot com slash Kiwisaber Right Milford Asset dot com slash

1555
01:11:42,000 --> 01:11:45,040
Speaker 2: kiwisaber to read the product disclosure statement and make the

1556
01:11:45,120 --> 01:11:49,679
Speaker 2: switch today. PASKI can I offer a piece of reading

1557
01:11:49,720 --> 01:11:52,240
Speaker 2: that you're if you're into this business. And we touched

1558
01:11:52,400 --> 01:11:55,719
Speaker 2: briefly on Monday, and that is the threat from Google

1559
01:11:55,840 --> 01:11:58,519
Speaker 2: that they're going to drop services in this country if

1560
01:11:58,600 --> 01:12:01,000
Speaker 2: we force the government passing piece of legislation by the

1561
01:12:01,080 --> 01:12:03,800
Speaker 2: end of the year and they force mediation between your

1562
01:12:03,840 --> 01:12:07,000
Speaker 2: big tech companies and local media. Local media under the

1563
01:12:07,040 --> 01:12:09,679
Speaker 2: belief that if we get deals done, money's going to flow.

1564
01:12:09,760 --> 01:12:12,040
Speaker 2: It will save media and suddenly things won't be as

1565
01:12:12,120 --> 01:12:14,720
Speaker 2: dire as they are. Eric Crampton, who is the chief

1566
01:12:14,720 --> 01:12:17,559
Speaker 2: economist for the New Zealand Initiative rights a very very

1567
01:12:17,600 --> 01:12:20,880
Speaker 2: good piece on the Newsroom site. Canada's example shows how

1568
01:12:21,040 --> 01:12:24,479
Speaker 2: link tax will fail. Now I won't explain what he

1569
01:12:24,600 --> 01:12:27,240
Speaker 2: calls link tax, but he works whether it is or not.

1570
01:12:27,360 --> 01:12:29,080
Speaker 2: There's a debate as to whether this is a link

1571
01:12:29,160 --> 01:12:31,559
Speaker 2: tax or not. But he starts off by saying New

1572
01:12:31,680 --> 01:12:35,639
Speaker 2: Zealand moves inexorably from the fath around to the find

1573
01:12:35,680 --> 01:12:39,000
Speaker 2: out phase of the Fair Digital News Bargaining Bill process.

1574
01:12:39,320 --> 01:12:42,240
Speaker 2: The sad thing about this particular bill is one the

1575
01:12:42,320 --> 01:12:46,240
Speaker 2: government a dragged, kicking and screaming, if not that at

1576
01:12:46,320 --> 01:12:50,320
Speaker 2: least partially reluctantly into this. Paul Goldsmith is not a

1577
01:12:50,439 --> 01:12:52,559
Speaker 2: massive advocate. I don't think for this because I think

1578
01:12:52,640 --> 01:12:55,559
Speaker 2: he understands like many of us do. Although we would

1579
01:12:55,600 --> 01:12:59,599
Speaker 2: all agree that big tech rips off product and sticks

1580
01:12:59,640 --> 01:13:01,880
Speaker 2: it on the sites, and they make money off it

1581
01:13:02,040 --> 01:13:04,680
Speaker 2: from other people's work, and that's not right. The way

1582
01:13:04,760 --> 01:13:08,320
Speaker 2: around it is not this piece of law. And more importantly,

1583
01:13:08,520 --> 01:13:11,000
Speaker 2: no one's found a way around it. They haven't in

1584
01:13:11,080 --> 01:13:13,719
Speaker 2: Australia and they haven't in Canada. Hence the reference to Canada.

1585
01:13:14,120 --> 01:13:17,320
Speaker 2: Google would be forced, he writes, to stop linking to

1586
01:13:17,439 --> 01:13:20,479
Speaker 2: news content on Google Search, Google News or Discover services

1587
01:13:20,520 --> 01:13:23,280
Speaker 2: in New Zealand and discontinue our current commercial agreements and

1588
01:13:23,360 --> 01:13:27,040
Speaker 2: ecosystems support within the New Zealand publishers. Now that is

1589
01:13:27,160 --> 01:13:29,519
Speaker 2: the threat from Google. Are they good for the threat?

1590
01:13:29,600 --> 01:13:31,240
Speaker 2: I would argue they are. How do we know this

1591
01:13:31,360 --> 01:13:34,719
Speaker 2: because they've done this in Canada. If after a maximum

1592
01:13:34,720 --> 01:13:36,519
Speaker 2: of one hundred and twenty days, this is how it works,

1593
01:13:36,560 --> 01:13:39,080
Speaker 2: This is mediation. If after our maximum of one hundred

1594
01:13:39,080 --> 01:13:41,559
Speaker 2: and twenty days no agreement has been reached, negotiations end.

1595
01:13:41,960 --> 01:13:44,759
Speaker 2: Mediation begins. If the platform in the news company cannot

1596
01:13:44,800 --> 01:13:48,040
Speaker 2: agree on a mediator, the authority designates one that sections

1597
01:13:48,080 --> 01:13:52,719
Speaker 2: thirty four through thirty nine. If mediation is unsuccessful, final

1598
01:13:52,800 --> 01:13:56,439
Speaker 2: offer arbitration follows. Each party nominates an arbitrator and jointly

1599
01:13:56,520 --> 01:13:59,680
Speaker 2: nominate a third arbitrator. The authority chooses arbitrators if it

1600
01:13:59,680 --> 01:14:03,280
Speaker 2: doesn't consider the nominated ones to be appointable. Under final

1601
01:14:03,360 --> 01:14:05,880
Speaker 2: offer arbitration, both sides put up their final offer. The

1602
01:14:06,040 --> 01:14:08,760
Speaker 2: arbitration panel selects the offer that it views as fairly

1603
01:14:08,840 --> 01:14:11,960
Speaker 2: compensating the news company for its content being made available.

1604
01:14:12,040 --> 01:14:15,120
Speaker 2: This is section forty nine Brackets two. Why am I

1605
01:14:15,200 --> 01:14:17,960
Speaker 2: telling you all this because, as Eric quite rightly points out,

1606
01:14:18,640 --> 01:14:22,400
Speaker 2: none of this is proper commercial negotiation. You're forced into it.

1607
01:14:22,720 --> 01:14:26,320
Speaker 2: Proper commercial negotiation is the willing buyer and the willing

1608
01:14:26,439 --> 01:14:29,200
Speaker 2: seller coming together. And then he goes on to argue

1609
01:14:29,200 --> 01:14:31,240
Speaker 2: about the link tax. Then he goes on to give

1610
01:14:31,280 --> 01:14:34,360
Speaker 2: you examples of Canada, how it hasn't worked, how it's

1611
01:14:34,400 --> 01:14:36,640
Speaker 2: been a complete cluster, and how it's going to end

1612
01:14:36,720 --> 01:14:39,320
Speaker 2: up exactly the same way here. So, if you've been

1613
01:14:39,400 --> 01:14:41,920
Speaker 2: following this topic, it's a very good piece of reading

1614
01:14:42,280 --> 01:14:45,439
Speaker 2: and well worth informing yourself with. Use it a couple

1615
01:14:45,479 --> 01:14:47,920
Speaker 2: of moments. Then we'll cross the Tasman to Steve Price

1616
01:14:48,360 --> 01:14:55,320
Speaker 2: and Anthony Albaneze's many many worries, your.

1617
01:14:55,320 --> 01:14:59,759
Speaker 1: Trusted source for news and fews the my Hosking Breakfast

1618
01:15:00,320 --> 01:15:03,479
Speaker 1: with the Jaguar f base cut from a different cloth

1619
01:15:03,600 --> 01:15:04,679
Speaker 1: News Togs Dben.

1620
01:15:04,560 --> 01:15:06,280
Speaker 2: Mike, I haven't heard any media coverage of the debate

1621
01:15:06,320 --> 01:15:09,639
Speaker 2: on the treaty principles that David Seymour spoke at last night. Well, one,

1622
01:15:10,080 --> 01:15:12,479
Speaker 2: it's online readily available to you. Two, it was in

1623
01:15:12,560 --> 01:15:14,439
Speaker 2: our news about two and a half minutes ago, and

1624
01:15:14,640 --> 01:15:16,240
Speaker 2: three if you want to read about it, there's a

1625
01:15:16,320 --> 01:15:18,000
Speaker 2: precis of it in the Herald. You're just going to

1626
01:15:18,040 --> 01:15:20,719
Speaker 2: look for this stuff, Mike, Dunedin Hospital surely the question

1627
01:15:20,840 --> 01:15:22,920
Speaker 2: you need to put to would need and get what

1628
01:15:22,960 --> 01:15:25,840
Speaker 2: would darned and get for three billion and what they

1629
01:15:25,880 --> 01:15:28,240
Speaker 2: don't get for one point nine? The discussion about numbers

1630
01:15:28,320 --> 01:15:29,960
Speaker 2: is waste of time. If we don't know what's been

1631
01:15:30,040 --> 01:15:32,840
Speaker 2: chopped ray. We do know what's been shopped because that's

1632
01:15:32,880 --> 01:15:34,240
Speaker 2: been covered in the news as well. It's just a

1633
01:15:34,280 --> 01:15:36,200
Speaker 2: matter of looking to find it. One of the concerns

1634
01:15:36,280 --> 01:15:38,680
Speaker 2: is the number of beds. The argument is that the

1635
01:15:38,800 --> 01:15:40,360
Speaker 2: number of beds in the new hospital is not going

1636
01:15:40,400 --> 01:15:41,519
Speaker 2: to be as many as the number of the beds

1637
01:15:41,560 --> 01:15:43,479
Speaker 2: in the old hospital. They'll be better, newer beds, but

1638
01:15:43,520 --> 01:15:45,280
Speaker 2: there won't be as many beds, and that's concerned at

1639
01:15:45,320 --> 01:15:48,719
Speaker 2: the moment. But basically what you're getting is just less hospital.

1640
01:15:48,840 --> 01:15:49,400
Speaker 2: Twenty three to.

1641
01:15:49,520 --> 01:15:54,040
Speaker 9: Nine International correspondence with ends and eye insurance, peace of

1642
01:15:54,120 --> 01:15:55,720
Speaker 9: mind for New Zealand business.

1643
01:15:55,400 --> 01:15:55,800
Speaker 2: See right.

1644
01:15:56,000 --> 01:15:58,280
Speaker 15: Whether it's out of Australian boding mate, hey them?

1645
01:15:58,360 --> 01:16:01,120
Speaker 2: I so the motion part is in the end. This

1646
01:16:01,320 --> 01:16:04,320
Speaker 2: was the anniversary eighty five eys and fifty four knows,

1647
01:16:04,400 --> 01:16:06,160
Speaker 2: but I think Dunton won the day, didn't he?

1648
01:16:07,360 --> 01:16:09,839
Speaker 12: He sure? This is the motion of course in regard

1649
01:16:09,920 --> 01:16:12,799
Speaker 12: to October seventh, the anniversary of what happened in Israel

1650
01:16:12,840 --> 01:16:15,559
Speaker 12: on that terrible day. Peter Dutton went to the Prime

1651
01:16:15,600 --> 01:16:19,760
Speaker 12: Minister's office yesterday morning with an idea of emotion that

1652
01:16:19,880 --> 01:16:23,160
Speaker 12: they could put together both parties, both major parties, and

1653
01:16:23,200 --> 01:16:26,479
Speaker 12: put to the parliament no drama there and it would

1654
01:16:26,479 --> 01:16:31,800
Speaker 12: have passed unanimously. But Anthony Alberinezi decided he would change that.

1655
01:16:32,040 --> 01:16:36,120
Speaker 12: He then made a speech in Parliament and talked also

1656
01:16:36,320 --> 01:16:39,919
Speaker 12: about the conflicts, brought a toll in Gaza and Lebanon,

1657
01:16:40,080 --> 01:16:43,960
Speaker 12: so that triggered a really bitter split. Negotiations broke down

1658
01:16:44,000 --> 01:16:46,760
Speaker 12: before it even got to Parliament. Peter Dutton accused the

1659
01:16:46,800 --> 01:16:50,800
Speaker 12: Prime Minister of quote speaking out both sides of his mouth,

1660
01:16:51,320 --> 01:16:54,799
Speaker 12: and Jewish groups joined in saying Labour's quote moral clarity

1661
01:16:54,880 --> 01:16:59,920
Speaker 12: on Israel lasted just one day. You have a Minister

1662
01:17:00,080 --> 01:17:04,759
Speaker 12: Mark Butler who's speaking out strongly around the Israel issue.

1663
01:17:04,840 --> 01:17:07,840
Speaker 12: But we then have people like Labor Friends of Israel

1664
01:17:07,920 --> 01:17:10,960
Speaker 12: Convener Mike Kelly critical of the government's motion, saying it

1665
01:17:11,000 --> 01:17:13,800
Speaker 12: would have been more appropriate focus solely on October seven.

1666
01:17:14,160 --> 01:17:15,840
Speaker 12: The history on all of this, of course, is that

1667
01:17:15,960 --> 01:17:20,680
Speaker 12: Labor in the past, and particularly Labor's right faction, have

1668
01:17:20,840 --> 01:17:23,479
Speaker 12: been strong supporters of Israel, going all the way back

1669
01:17:23,800 --> 01:17:26,479
Speaker 12: to Bob Hawk, who had a very strong relationship with

1670
01:17:26,720 --> 01:17:30,720
Speaker 12: senior Jewish businessmen in Australia and with Israel itself. And

1671
01:17:30,840 --> 01:17:32,960
Speaker 12: so this is now causing a major problem for the

1672
01:17:33,040 --> 01:17:37,000
Speaker 12: Labor Party because on their right flank they've got Jewish

1673
01:17:37,040 --> 01:17:40,640
Speaker 12: Australians appalled at the way they're handling this situation, and

1674
01:17:40,760 --> 01:17:43,960
Speaker 12: on their left flank they've got Muslim voters in inner

1675
01:17:44,000 --> 01:17:47,760
Speaker 12: seats in Sydney going well, hang on, we don't like

1676
01:17:47,880 --> 01:17:51,120
Speaker 12: what they're doing in regard to the Israel Garza conflict,

1677
01:17:51,439 --> 01:17:52,920
Speaker 12: so we're not going to vote for them either. So

1678
01:17:53,000 --> 01:17:54,519
Speaker 12: they're getting wedged right.

1679
01:17:54,479 --> 01:17:55,080
Speaker 10: In the middle.

1680
01:17:55,640 --> 01:17:58,439
Speaker 2: And this is where Fatima Payman comes in among others.

1681
01:18:00,040 --> 01:18:03,160
Speaker 12: She's been forced to quit the Labor Party. She's going

1682
01:18:03,240 --> 01:18:06,800
Speaker 12: to talk about putting together our own political party. It

1683
01:18:06,840 --> 01:18:09,320
Speaker 12: won't really get much support, but it does again show

1684
01:18:09,800 --> 01:18:11,760
Speaker 12: the split in the Labor ranks. The Labor Party is

1685
01:18:11,760 --> 01:18:14,400
Speaker 12: split right down the middle. You've got Anthony Albanesi to

1686
01:18:14,439 --> 01:18:17,160
Speaker 12: Prime mins depending on the Foreign Minister of the Socialists

1687
01:18:17,200 --> 01:18:19,439
Speaker 12: left and on the right side of the party you've

1688
01:18:19,479 --> 01:18:23,000
Speaker 12: got right leaning Labor MPs I feel uncomfortable about what's happening,

1689
01:18:23,040 --> 01:18:26,960
Speaker 12: including Melbourne MP Josh Burns, who is himself Jewish. So

1690
01:18:27,560 --> 01:18:29,720
Speaker 12: Anthony Albanese is in a world of pain here. And

1691
01:18:29,840 --> 01:18:33,759
Speaker 12: what it goes to is that core feeling now around

1692
01:18:33,800 --> 01:18:36,040
Speaker 12: Australia and it's starting to come out in Poll's Mike

1693
01:18:36,600 --> 01:18:39,880
Speaker 12: that Anthony Albanesi is a weak leader who doesn't really

1694
01:18:39,960 --> 01:18:41,280
Speaker 12: know where he wants to take the country.

1695
01:18:41,560 --> 01:18:43,920
Speaker 2: Just for the record, once you're given you you've gotten

1696
01:18:43,960 --> 01:18:46,519
Speaker 2: a Stute and Tenor on this sort of thing. This

1697
01:18:46,640 --> 01:18:49,120
Speaker 2: payment woman who's clearly a bloodger, but she hasn't named

1698
01:18:49,120 --> 01:18:51,479
Speaker 2: a party. She's about to launch it officially. Blah blah blah.

1699
01:18:52,479 --> 01:18:54,479
Speaker 2: What does she end up getting? Is she a one

1700
01:18:54,520 --> 01:18:56,639
Speaker 2: percent to two percent of do they get several people

1701
01:18:56,680 --> 01:18:58,000
Speaker 2: in the Senate? How does that unfold?

1702
01:18:58,040 --> 01:18:59,280
Speaker 18: You think? Waste of time?

1703
01:18:59,400 --> 01:19:01,000
Speaker 12: She won't even re elected herself.

1704
01:19:02,040 --> 01:19:05,720
Speaker 2: So then Elban Easy, and this strikes me as an

1705
01:19:05,760 --> 01:19:08,920
Speaker 2: underpressure thing, starts talking about turetts and the opposition. You

1706
01:19:09,040 --> 01:19:11,080
Speaker 2: only say that sort of stuff when you're feeling it,

1707
01:19:11,160 --> 01:19:11,479
Speaker 2: don't you.

1708
01:19:12,439 --> 01:19:16,160
Speaker 12: Yeah, And this happened in question time yesterday. He was

1709
01:19:16,240 --> 01:19:19,479
Speaker 12: taking questions and responding to a question about whether the

1710
01:19:19,600 --> 01:19:22,280
Speaker 12: Labor Party, if they were re elected, would start taxing

1711
01:19:22,760 --> 01:19:24,960
Speaker 12: the family home, which clearly they're not going to do.

1712
01:19:25,120 --> 01:19:27,679
Speaker 12: But it got under around in the Alban Easy's skin

1713
01:19:28,320 --> 01:19:33,080
Speaker 12: and he stood up and he appointedly said of the

1714
01:19:33,280 --> 01:19:39,200
Speaker 12: opposition treasurer and Treasury spokesman Angus Taylor, what's your story?

1715
01:19:39,479 --> 01:19:42,960
Speaker 12: Have you got Tourette syndrome or something? Now he realized

1716
01:19:43,000 --> 01:19:47,759
Speaker 12: immediately he'd made a mistake, but he in fact withdrew

1717
01:19:47,840 --> 01:19:50,759
Speaker 12: the comment, but had to go back later after question

1718
01:19:51,000 --> 01:19:54,280
Speaker 12: time to make an apology. He said today in question time,

1719
01:19:54,720 --> 01:19:57,639
Speaker 12: I made comments that were unkind and hurtful. I knew

1720
01:19:57,680 --> 01:19:59,960
Speaker 12: it was wrong as soon as I made the comment.

1721
01:20:00,360 --> 01:20:02,760
Speaker 12: I apologized and withdrew, but I should not have said it.

1722
01:20:03,080 --> 01:20:07,080
Speaker 12: I want to apologize to all Australians from this disability.

1723
01:20:07,120 --> 01:20:10,960
Speaker 12: I regret saying it was wrong, insensitive and I apologize Now. Turrets,

1724
01:20:11,000 --> 01:20:14,080
Speaker 12: as we know as a neurological disorder. It's on the

1725
01:20:14,120 --> 01:20:17,360
Speaker 12: spectrum of conditions known as tick disorders. And you've already

1726
01:20:17,439 --> 01:20:23,040
Speaker 12: got TURRETS organizations saying a Prime Ministers being insensitive when

1727
01:20:23,040 --> 01:20:25,640
Speaker 12: he talks about it. I mean in general terms, I

1728
01:20:25,680 --> 01:20:28,960
Speaker 12: would have said, looking on it, just made a mistaken

1729
01:20:29,439 --> 01:20:32,519
Speaker 12: it's no big deal. But in the context of the

1730
01:20:32,640 --> 01:20:35,200
Speaker 12: day he had yesterday, it's not something he.

1731
01:20:35,280 --> 01:20:37,439
Speaker 2: Needed no exactly. What's the name of the street.

1732
01:20:39,160 --> 01:20:41,120
Speaker 12: Well, this is a little country town which you'd love,

1733
01:20:41,200 --> 01:20:43,680
Speaker 12: called Panola in the southeast of South Australia. They make

1734
01:20:43,720 --> 01:20:46,080
Speaker 12: the most magnificent red wine. That's why you'd love it.

1735
01:20:46,160 --> 01:20:48,320
Speaker 12: It's right in the middle of the Kunawora wine making

1736
01:20:48,400 --> 01:20:51,639
Speaker 12: area and they've got a little lane way there.

1737
01:20:51,720 --> 01:20:51,880
Speaker 10: Now.

1738
01:20:52,080 --> 01:20:55,200
Speaker 12: One resident let me repeat. One resident wrote to council

1739
01:20:55,640 --> 01:20:58,840
Speaker 12: complaining about the name of the lane, saying they are

1740
01:20:58,920 --> 01:21:01,840
Speaker 12: embarrassed to live in such a lane named the way

1741
01:21:01,920 --> 01:21:05,400
Speaker 12: it is, and the councils now looking at whether they

1742
01:21:05,479 --> 01:21:11,840
Speaker 12: might change the name of Chinaman's Lane. Now, Chinaman's Lane

1743
01:21:12,800 --> 01:21:16,400
Speaker 12: is a one point three kilometer stretch of road once

1744
01:21:16,680 --> 01:21:22,320
Speaker 12: used by Chinese vegetable farmers selling vegetables to fellow Chinese

1745
01:21:22,360 --> 01:21:25,640
Speaker 12: who came through Panola from a tara called Robe on

1746
01:21:25,800 --> 01:21:28,880
Speaker 12: their way to the Ballarat goldfields. There could not be

1747
01:21:29,120 --> 01:21:31,599
Speaker 12: a more appropriate name for that lame way.

1748
01:21:32,960 --> 01:21:33,800
Speaker 2: So what are they going to do?

1749
01:21:35,240 --> 01:21:37,920
Speaker 12: We'll probably change it, Probably will, I would think, given

1750
01:21:37,960 --> 01:21:41,720
Speaker 12: how wope this country has become Chinaman's Lane, how could

1751
01:21:41,720 --> 01:21:43,080
Speaker 12: you anyone get upset about that?

1752
01:21:43,439 --> 01:21:45,280
Speaker 2: Exactly? All right, mate, go well, we'll see you next week.

1753
01:21:45,320 --> 01:21:47,040
Speaker 2: Appreciate it very much, Els steep Price. Just before we

1754
01:21:47,120 --> 01:21:49,759
Speaker 2: leave Australia. By the way, they're looking at the visa.

1755
01:21:50,320 --> 01:21:51,800
Speaker 2: This all goes back to the ankst that I was

1756
01:21:51,800 --> 01:21:54,439
Speaker 2: talking about mainly yesterday on the anniversary. There's a guy

1757
01:21:54,479 --> 01:21:57,960
Speaker 2: called Khalid Baden who's from Arizona State University, but he's

1758
01:21:58,000 --> 01:22:00,360
Speaker 2: in Australia currently working at one of the universities. American

1759
01:22:00,400 --> 01:22:03,080
Speaker 2: law professor gave a speech the other day that people went,

1760
01:22:03,120 --> 01:22:04,640
Speaker 2: what's he saying that stuff for? And as soon as

1761
01:22:04,680 --> 01:22:06,240
Speaker 2: one of the ministers heard he was on a visa,

1762
01:22:06,320 --> 01:22:07,720
Speaker 2: so they having a look at his visa and may

1763
01:22:07,720 --> 01:22:10,240
Speaker 2: well boot him out of the country. And then Middens,

1764
01:22:10,280 --> 01:22:13,599
Speaker 2: who runs New South Wales, yesterday he's ordering a review

1765
01:22:14,320 --> 01:22:17,880
Speaker 2: of the legitimacy of pro Palestinian protests because so far

1766
01:22:18,040 --> 01:22:21,080
Speaker 2: he spent five million in the police in twenty twenty

1767
01:22:21,080 --> 01:22:24,560
Speaker 2: four alone managing protests and he wants police to be

1768
01:22:24,680 --> 01:22:28,519
Speaker 2: allowed to deny a request for a protest due to

1769
01:22:28,600 --> 01:22:30,599
Speaker 2: stretch resources. So in other words, they say, look, you've

1770
01:22:30,640 --> 01:22:32,360
Speaker 2: done six of these this year. It's cost us five

1771
01:22:32,400 --> 01:22:34,559
Speaker 2: million bucks. We don't have any more money, we don't

1772
01:22:34,560 --> 01:22:36,400
Speaker 2: have the resources. Because we don't have the resources, you

1773
01:22:36,479 --> 01:22:38,240
Speaker 2: can't have your protests now. Apparently at the moment you

1774
01:22:38,320 --> 01:22:41,120
Speaker 2: can't do that, but he wants that rule change. Sixteen two.

1775
01:22:43,360 --> 01:22:47,759
Speaker 1: The High Asking Breakfast Full Show podcast on iHeartRadio, Howard

1776
01:22:47,800 --> 01:22:48,800
Speaker 1: By News talks at.

1777
01:22:48,720 --> 01:22:51,680
Speaker 2: B thirteen away from nine. We've had some problems this

1778
01:22:51,760 --> 01:22:56,479
Speaker 2: morning in our Auckland AM transmission ten eighty and it's

1779
01:22:56,560 --> 01:22:58,880
Speaker 2: been I don't know what happened overheated all the blue

1780
01:22:58,920 --> 01:23:01,160
Speaker 2: fell off, or there was screw loose or somebody who

1781
01:23:01,160 --> 01:23:02,880
Speaker 2: went to water blasted and fell over. Who would know.

1782
01:23:03,120 --> 01:23:07,000
Speaker 13: I wasssuing you'd sabotaged it to force everybody onto them.

1783
01:23:07,240 --> 01:23:10,760
Speaker 2: Anyway, we've sent the appropriate authorities out to fix it.

1784
01:23:11,240 --> 01:23:14,120
Speaker 2: Best company of the week, I mean it is only Wednesday,

1785
01:23:14,200 --> 01:23:16,519
Speaker 2: so I'm open to changing this before Friday. But the

1786
01:23:16,560 --> 01:23:18,120
Speaker 2: best company of the week so far in terms of

1787
01:23:18,120 --> 01:23:24,200
Speaker 2: accountability is Samsung, who yesterday from Asia collected nine point

1788
01:23:24,280 --> 01:23:26,160
Speaker 2: or announced to the market they collected nine point one

1789
01:23:26,240 --> 01:23:28,439
Speaker 2: trillion one. Is that very good? Not really, because the

1790
01:23:28,479 --> 01:23:31,240
Speaker 2: market was expecting them to collect eleven point four trillion

1791
01:23:31,320 --> 01:23:35,240
Speaker 2: tron one. Anyway, they wrote a letter of apology, and

1792
01:23:35,320 --> 01:23:38,120
Speaker 2: you just don't hear this very often. It goes today

1793
01:23:39,560 --> 01:23:42,240
Speaker 2: is what they wrote to the world today. The management

1794
01:23:42,280 --> 01:23:45,200
Speaker 2: of Samsung Electronics would like to apologize to you. First,

1795
01:23:45,640 --> 01:23:48,840
Speaker 2: we have course concerns about our fundamental technological competitiveness and

1796
01:23:48,880 --> 01:23:50,960
Speaker 2: the future of the company due to our performances falling

1797
01:23:51,000 --> 01:23:54,360
Speaker 2: short of the market's expectations. Many people are talking about

1798
01:23:54,400 --> 01:23:58,920
Speaker 2: Samsung's crisis We who are leading the business are responsible

1799
01:23:59,160 --> 01:24:04,120
Speaker 2: for all of this customers, investors, and employees. Samsung, however,

1800
01:24:04,600 --> 01:24:07,920
Speaker 2: has always turned crises into opportunities. Having a history of challenge,

1801
01:24:07,960 --> 01:24:11,679
Speaker 2: innovation and overcoming, we will definitely make the dire situation

1802
01:24:11,800 --> 01:24:14,040
Speaker 2: we are currently facing an opportunity for a leap forward.

1803
01:24:14,439 --> 01:24:17,040
Speaker 2: Our management will take the lead in overcoming the crisis.

1804
01:24:17,360 --> 01:24:22,080
Speaker 2: Above all, we will restore our fundamental technological competitiveness. Second,

1805
01:24:23,080 --> 01:24:25,800
Speaker 2: we will prepare for the future more thoroughly. We will

1806
01:24:25,840 --> 01:24:28,719
Speaker 2: rekindle our unique passion to pioneer of the future without

1807
01:24:28,800 --> 01:24:31,160
Speaker 2: fear and to cling to our goals until the end

1808
01:24:31,400 --> 01:24:34,479
Speaker 2: and achieve them. We will re arm ourselves with a

1809
01:24:34,600 --> 01:24:38,280
Speaker 2: challenging spirit to run towards a higher goal rather than

1810
01:24:38,320 --> 01:24:42,439
Speaker 2: a defensive mindset to protect what we have. Third, we

1811
01:24:42,560 --> 01:24:46,360
Speaker 2: will look again at our organizational culture and working methods

1812
01:24:46,560 --> 01:24:51,040
Speaker 2: and immediately fix what needs to be fixed. You can't

1813
01:24:51,439 --> 01:24:55,400
Speaker 2: argue with that, and I have no idea whether they're

1814
01:24:55,400 --> 01:24:58,519
Speaker 2: capable of doing any of that, But God bless them

1815
01:24:59,040 --> 01:25:02,519
Speaker 2: for owning up front footing and doing the right thing.

1816
01:25:02,920 --> 01:25:07,479
Speaker 1: Teen away from nine, The Mike Hosking Breakfast with a

1817
01:25:07,680 --> 01:25:10,240
Speaker 1: Vita Retirement Communities News Togs vs.

1818
01:25:10,280 --> 01:25:12,160
Speaker 2: Haven't that time to mention, but in the States, Google

1819
01:25:12,240 --> 01:25:15,519
Speaker 2: lost again. This time a US judge permanent injunction is

1820
01:25:15,560 --> 01:25:18,000
Speaker 2: going to force Google to offer alternatives to Google Play

1821
01:25:18,080 --> 01:25:21,880
Speaker 2: Store for downloading apps on Android. This is court in California.

1822
01:25:22,200 --> 01:25:24,800
Speaker 2: Most significant outcome this is the Epic Games thing is

1823
01:25:25,400 --> 01:25:27,800
Speaker 2: they've been going at this for since twenty twenty. Epic

1824
01:25:27,880 --> 01:25:31,280
Speaker 2: b Google. They're going to form a three person committee

1825
01:25:31,320 --> 01:25:34,880
Speaker 2: that will review technical issues related to Google's compliance. They

1826
01:25:34,880 --> 01:25:37,160
Speaker 2: will be restricted from paying fees or sharing revenue with

1827
01:25:37,200 --> 01:25:39,240
Speaker 2: companies in exchange for them choosing not to compete with

1828
01:25:39,320 --> 01:25:41,160
Speaker 2: Google's app store all the stuff they've been doing. This

1829
01:25:41,240 --> 01:25:43,080
Speaker 2: is Fortnite, the Fortnite maker, one of the biggest games

1830
01:25:43,080 --> 01:25:44,720
Speaker 2: in the world. Assume it's one of the biggest games still,

1831
01:25:44,720 --> 01:25:48,000
Speaker 2: isn't it? Anyway that accuse Google of anti competitive policies.

1832
01:25:48,040 --> 01:25:51,120
Speaker 2: The judges basically Google can't do a whole bunch of stuff.

1833
01:25:51,120 --> 01:25:52,840
Speaker 2: They're going to pay companies so they do not compete

1834
01:25:52,880 --> 01:25:55,200
Speaker 2: with Google Play. They pay companies to pre install Google

1835
01:25:55,240 --> 01:25:58,280
Speaker 2: Play blah blah blah. So anyway, I'm sure that will

1836
01:25:58,360 --> 01:26:01,320
Speaker 2: go to another court eventually. Also, we get the news

1837
01:26:01,400 --> 01:26:05,240
Speaker 2: yesterday that Oasis are coming to Australia, but not New Zealand.

1838
01:26:05,720 --> 01:26:07,519
Speaker 2: I don't think they're going to get here. A couple

1839
01:26:07,600 --> 01:26:10,200
Speaker 2: of shows already announced Melbourne October thirty one, this is

1840
01:26:10,280 --> 01:26:13,560
Speaker 2: next year, and then Sydney seven, so they've got a

1841
01:26:13,560 --> 01:26:18,360
Speaker 2: lot of time between the shows, which everyone's seemingly suggesting

1842
01:26:18,439 --> 01:26:20,400
Speaker 2: will be filled with other shows off the demands there.

1843
01:26:20,400 --> 01:26:22,000
Speaker 2: It'll be interesting to see if the demands there. To

1844
01:26:22,040 --> 01:26:25,880
Speaker 2: be honest, in my humble opinion, Oasis were big for

1845
01:26:26,200 --> 01:26:29,160
Speaker 2: one a short period of time and two largely in

1846
01:26:29,240 --> 01:26:32,320
Speaker 2: bits of Britain possibly parts of Europe, but they weren't

1847
01:26:32,760 --> 01:26:35,640
Speaker 2: a truly global band. I don't think happy to be

1848
01:26:35,760 --> 01:26:39,719
Speaker 2: proved wrong. But anyway, had a discussion with a seventeen

1849
01:26:39,760 --> 01:26:42,240
Speaker 2: year old who's busy finding work and saving money to

1850
01:26:42,280 --> 01:26:45,560
Speaker 2: go to Manchester next year. Going a lot cheaper to

1851
01:26:45,600 --> 01:26:48,679
Speaker 2: go to Sydney or Melbourne, but the vibe of going

1852
01:26:48,760 --> 01:26:52,200
Speaker 2: to the birth of it all is what still drives her.

1853
01:26:52,720 --> 01:26:55,040
Speaker 2: So mind you, she's got to raise the money yet, Mike,

1854
01:26:55,080 --> 01:26:56,760
Speaker 2: I hope your kids learned to drive and emmanual know,

1855
01:26:57,439 --> 01:26:59,160
Speaker 2: and that's one of the great changes of all the

1856
01:26:59,280 --> 01:27:02,479
Speaker 2: changes in life, some of which really don't matter the

1857
01:27:02,560 --> 01:27:05,040
Speaker 2: fact none of our kids can probably drive a manual

1858
01:27:05,240 --> 01:27:07,560
Speaker 2: is of great sadness to me, and whenever I do it.

1859
01:27:07,640 --> 01:27:09,599
Speaker 2: We inherited a car recently. It was a thirty year

1860
01:27:09,600 --> 01:27:13,080
Speaker 2: old manual, and it brings me the greatest of joys

1861
01:27:13,400 --> 01:27:15,600
Speaker 2: because it is truly one of those skills and I

1862
01:27:15,760 --> 01:27:18,439
Speaker 2: drive it all the time, and it's one of those

1863
01:27:18,520 --> 01:27:20,920
Speaker 2: things that once you've learned in a manual. And I

1864
01:27:21,000 --> 01:27:22,679
Speaker 2: don't know why you wouldn't learn an a manual manu

1865
01:27:22,720 --> 01:27:24,720
Speaker 2: because there are no manuals around anymore, and therefore you

1866
01:27:24,800 --> 01:27:26,680
Speaker 2: can't turn up to a test an e manual car

1867
01:27:26,720 --> 01:27:28,559
Speaker 2: because no one's got one. But once you learn an

1868
01:27:28,560 --> 01:27:31,439
Speaker 2: a manual, you never forget. And it was and I

1869
01:27:31,560 --> 01:27:34,679
Speaker 2: can't tell you how many years the gap was between

1870
01:27:34,760 --> 01:27:36,960
Speaker 2: when I last drove a manual. It was probably a

1871
01:27:36,960 --> 01:27:41,599
Speaker 2: little BMW I had about maybe maybe ten twelve years ago.

1872
01:27:42,240 --> 01:27:45,479
Speaker 2: That was a fun week car, so a decade in between.

1873
01:27:45,479 --> 01:27:47,080
Speaker 2: It was just like getting back on the back on

1874
01:27:47,160 --> 01:27:49,120
Speaker 2: the bike, back on the horse, just like that five

1875
01:27:49,200 --> 01:27:53,280
Speaker 2: speed manual. And it was the reverse is you push

1876
01:27:53,439 --> 01:27:57,880
Speaker 2: the gear lever down to the right and down again.

1877
01:27:58,560 --> 01:28:01,160
Speaker 13: You see that there's that's cool. Then I see that's

1878
01:28:01,160 --> 01:28:02,960
Speaker 13: one of the stupid things about it. It was never

1879
01:28:03,040 --> 01:28:05,400
Speaker 13: the same in any vehicle that you got into, and

1880
01:28:05,479 --> 01:28:07,800
Speaker 13: don't even get me into into the column shift on

1881
01:28:07,840 --> 01:28:08,879
Speaker 13: a van, for example.

1882
01:28:08,960 --> 01:28:11,400
Speaker 2: Now the column shift is different. I thought the column

1883
01:28:11,439 --> 01:28:13,680
Speaker 2: shift I used to. You know that my granddad had

1884
01:28:13,720 --> 01:28:16,840
Speaker 2: the Kingswood. That's different. But the reverse the pick which

1885
01:28:17,000 --> 01:28:19,840
Speaker 2: car has witch gear. So we had an avenger which

1886
01:28:20,040 --> 01:28:22,800
Speaker 2: was left and up versus the one we've got at

1887
01:28:22,800 --> 01:28:24,880
Speaker 2: the moment, which is down right and down.

1888
01:28:25,080 --> 01:28:27,200
Speaker 13: You don't want an element of uncertainty when you're having

1889
01:28:27,240 --> 01:28:28,759
Speaker 13: to parallel park on a busy street.

1890
01:28:28,760 --> 01:28:30,800
Speaker 2: Who doesn't love a bit of an uncertainty. Four minutes

1891
01:28:30,800 --> 01:28:31,599
Speaker 2: away from nine.

1892
01:28:31,720 --> 01:28:36,400
Speaker 1: Trending now use the home of Big Brands.

1893
01:28:36,560 --> 01:28:39,559
Speaker 2: Elon's been hanging out with Tucker Carlson doing his whole

1894
01:28:39,800 --> 01:28:42,840
Speaker 2: I Love Trump routine. They got on to talking about

1895
01:28:42,880 --> 01:28:48,400
Speaker 2: assassination attempts in the question whether Karmela was worth assassinating.

1896
01:28:47,800 --> 01:28:50,080
Speaker 8: Which is like, nobody's even bothering to try to kill

1897
01:28:50,120 --> 01:28:51,160
Speaker 8: Kamala because's pointless.

1898
01:28:52,960 --> 01:28:53,719
Speaker 10: What do you achieve?

1899
01:28:54,160 --> 01:28:56,599
Speaker 2: It's exactly that's.

1900
01:28:58,000 --> 01:29:00,200
Speaker 20: It's no point in coming deep and true though, is

1901
01:29:00,200 --> 01:29:01,880
Speaker 20: try to kill job Aiden it's.

1902
01:29:03,520 --> 01:29:03,880
Speaker 15: Totally.

1903
01:29:07,840 --> 01:29:11,600
Speaker 2: I watched a bit of that yesterday and he was

1904
01:29:11,640 --> 01:29:14,200
Speaker 2: worried Elon about whether he was going to jail because

1905
01:29:14,200 --> 01:29:16,519
Speaker 2: he's all in on Trump. If Karmela wins, whether she's

1906
01:29:16,520 --> 01:29:17,880
Speaker 2: going to put him in jail and how long the

1907
01:29:17,960 --> 01:29:22,320
Speaker 2: sentences and stuff like that, And they're both mental. There's no, no,

1908
01:29:22,479 --> 01:29:25,479
Speaker 2: there's no other way to put it. They are both literally.

1909
01:29:25,560 --> 01:29:29,559
Speaker 2: I defend their right to be insane. Especially Tuckery's out

1910
01:29:29,560 --> 01:29:31,599
Speaker 2: there and doing his own thing on his own platform

1911
01:29:31,640 --> 01:29:34,200
Speaker 2: these days, and good luck to him. But Elon runs

1912
01:29:34,240 --> 01:29:39,080
Speaker 2: stuff that we sort of interact with, like my internet,

1913
01:29:39,280 --> 01:29:41,120
Speaker 2: your car, all that sort of stuff.

1914
01:29:41,280 --> 01:29:43,920
Speaker 13: So that's there's people waiting in space hoping that.

1915
01:29:46,120 --> 01:29:46,759
Speaker 2: Back tomorrow.

1916
01:29:47,160 --> 01:29:47,760
Speaker 11: Happy Days.

1917
01:29:49,920 --> 01:29:52,800
Speaker 1: For more from the Mic Asking Breakfast, listen live to

1918
01:29:52,920 --> 01:29:56,000
Speaker 1: news talks. It'd be from six am weekdays, or follow

1919
01:29:56,040 --> 01:29:57,560
Speaker 1: the podcast on iHeartRadio