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Speaker 1: Opinion, Edit, Informed, Unapologetic, The Mic Hosking Breakfast with a Veda, Retirement, Communities,

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Speaker 1: Life Your Way, News, Togs, Dead.

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Speaker 2: B Why are you welcome today? Jobs and the Finance

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Speaker 2: Minister permits under fast track for gold mining. Six days

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Speaker 2: turn out to be a booming business. Polls to Henry Olsen,

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Speaker 2: Back to work us through the vote in the US,

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Speaker 2: David Cohen and as long awaited, Just Sindra a durnbook

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Speaker 2: in after Right, Joe McKenna and Rome Rod Little pops

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Speaker 2: in from England pass They're morning seven past six to

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Speaker 2: tell you what I'm hoping events this week, at least

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Speaker 2: in some small way teach us all a simple economic

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Speaker 2: lesson or two lessen one the red meat numbers, we

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Speaker 2: export a fortune and meet to the world. The critical

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Speaker 2: part of it is it is the best of quality.

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Speaker 2: Quality will always beat quantity. Why because the world will

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Speaker 2: always contain large numbers of people unaffected by economic tides

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Speaker 2: and people with money like good stuff. There are some

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Speaker 2: things in life beyond the prevailing tide. Chateau Lafitte, Buchetti, cars, rollicks,

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Speaker 2: watches and New Zealand meeting quite possibly in New Zealand.

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Speaker 2: Why not literally of course, but you get my point. Onions,

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Speaker 2: we'll sell better in Europe because of our FTA with

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Speaker 2: the EU. We need fewer tariffs in that case, because

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Speaker 2: onions are onions. But meat is about quality, like Kiwi fruit,

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Speaker 2: like great Bordeaux wine is. That's not to say that

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Speaker 2: tariff's a good business, because they are not. And Lord

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Speaker 2: only knows how rich we could be if the world

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Speaker 2: really was truly taroff free. But for the here and now,

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Speaker 2: our red meat numbers into America are unaffected because people

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Speaker 2: will pay for quality lesson too, the job numbers more

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Speaker 2: people young people have stayed or gone back to school

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Speaker 2: because of they didn't, they'd be jobless. The fifteen to

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Speaker 2: twenty four age group yesterday have unemployment rates now of

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Speaker 2: over fifteen percent. It's shocking why, Because a constrained market

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Speaker 2: doesn't provide work for people with limited and those skills.

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Speaker 2: Young people start out, of course, with the disadvantage of

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Speaker 2: no experience. Add no skills to that near toast. This

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Speaker 2: is not new, but it is new to the current lot,

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Speaker 2: who clearly never got the previous lot's memo that it's

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Speaker 2: hard enough as it is to get into the job

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Speaker 2: market with up without turning up ill prepared. But here's

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Speaker 2: what I know about life and economies. It doesn't matter

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Speaker 2: what the economy, the economy or the economic circumstances are.

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Speaker 2: Good people with good skills and good attitude and good

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Speaker 2: determination are always always in demand and will always do well.

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Speaker 2: And good stuff well made with the story high end

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Speaker 2: quality will always always do well. Quality, whether in person

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Speaker 2: or product, is recession proof.

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Speaker 3: News of the world in ninety seconds, right.

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Speaker 2: Off the back of a bad the polls, the Trump

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Speaker 2: team have Scots to face with. Well, it's a big deal.

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Speaker 4: Without are being able to use tariffs really openly and

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Speaker 4: in every way, really would suffer tremendously from a national

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Speaker 4: security step point, the national security of our country.

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Speaker 5: Six seconds and biggest.

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Speaker 4: I think it's one of the biggest decisions in the.

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Speaker 2: History of the He's right, a pam of Flora's running offense.

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Speaker 6: The President has the authority to do this under his

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Speaker 6: executive authority. We feel very confident and this is the

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Speaker 6: most important case in front of the Supreme Court. Not

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Speaker 6: only is this about national security but also our economics

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Speaker 6: security around the world.

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Speaker 2: But the justices aren't buying it.

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Speaker 3: So of my oar, I just don't understand this argument.

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Speaker 3: It's not an article.

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Speaker 7: It's a congressional power, not a presidential power to tax.

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Speaker 3: And you want to see.

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Speaker 8: Tarists are in out of taxes, but that's exactly what

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Speaker 8: they are.

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Speaker 2: Not even Cony Barrett, can.

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Speaker 7: You point to any other place in the Code or

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Speaker 7: any other time in history where that phrase together regulate

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Speaker 7: importation has been used to confer tariff imposing authority.

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Speaker 2: Well, they're in trouble in Britain. The incompetence of the

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Speaker 2: government was on full display. So prisoner gets laid out accidentally,

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Speaker 2: took six days to find the coppers. The Tories laid

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Speaker 2: the trap in the Commons.

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Speaker 3: Can he reassure the house?

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Speaker 9: But since Cabatu was released, no other asylum seeking offender

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Speaker 9: has been accidentally let out of prison.

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Speaker 2: It's a very specific question then to answer, let me

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Speaker 2: walk right into it.

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Speaker 9: I know I'm the Justice Secretary, That's why I'm at

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Speaker 9: the dispatch box.

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Speaker 3: Also as Deputy Prime Minister.

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Speaker 2: We know that. Of course, we know that there had

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Speaker 2: been spikes since twenty twenty.

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Speaker 3: One under his watch. When did he come to this

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Speaker 3: house and.

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Speaker 2: Apologize on the TV? The Polley's lined up?

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Speaker 6: It is just it is shocking and in you know,

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Speaker 6: we've got.

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Speaker 10: To get a grip of it.

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Speaker 11: This is very worrying because you know the British public

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Speaker 11: will be rightly concerned that these people are at.

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Speaker 12: Least David Lammy, the Justice Secretary, refused to answer the

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Speaker 12: questions when he must have known.

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Speaker 10: Of course he knew more.

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Speaker 2: From Rod later. Of course finally call prize for well,

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Speaker 2: maybe a Christmas gift in front. So it's a two

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Speaker 2: hundred and fifty dollars a pop lottery. You want a

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Speaker 2: chance to buy a burial plot in some of the

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Speaker 2: famous symmetries. One of the more famous ones could see

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Speaker 2: you lying next to Jim Morrison, Oscar Wild or Edith

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Speaker 2: p f If you win, you buy the plot for

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Speaker 2: eighty one hundred dollars. You then buy the least for

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Speaker 2: either two years, a couple of grand for teen years,

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Speaker 2: or thirty six grand and you can have it forever.

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Speaker 2: Here's the world of ninety that British thing. By the way. Also,

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Speaker 2: on asylum, the migrant who got in the one in,

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Speaker 2: one out, the migrant who was sent back then came back,

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Speaker 2: has now been sent back again. So the out and

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Speaker 2: out policies working really well, which would explain why the

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Speaker 2: latest poll out this morning has labor now and third

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Speaker 2: behind the Conservatives and of course behind reform.

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Speaker 1: Thirteen passes the Mike Hosking Breakfast Full Show podcast on

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Speaker 1: aheart radio power by News Talks EP.

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Speaker 2: By the way, despite the shutdown in America which is

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Speaker 2: now the longest ever, of course, we did get a

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Speaker 2: private job sector read it's an estimate a payroll process

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Speaker 2: in company or the ADP came up with. They reckon.

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Speaker 2: They've added forty two thousand private sector jobs in the

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Speaker 2: last month, which is good. Fifteen past six and partners

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Speaker 2: Andrew callahad good morning, very good morning. Makes as job numbers,

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Speaker 2: what'd you see? Do we see anything good?

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Speaker 5: There?

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Speaker 8: There is if you look really, really hard. So I

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Speaker 8: suppose running through all the headline numbers are the unemployment

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Speaker 8: print at five point three very much in line with expectations,

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Speaker 8: so called pretty well by the economists. So nothing to

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Speaker 8: see in terms of surprises in the outcome. But I think,

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Speaker 8: as has been mentioned, there are one hundred and sixty

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Speaker 8: thousand people unemployed, because I think it's always useful to

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Speaker 8: think of the absolute numbers, and that's the highest number

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Speaker 8: of unemployed people we've seen since nineteen ninety four. You

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Speaker 8: were just talking about youth unemployment. I really do think

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Speaker 8: this number needs to be talked about. Yeah, fifteen point

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Speaker 8: two percent for that fifteen to twenty four in our bracket,

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Speaker 8: but Mike, that was at thirteen point one a year ago,

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Speaker 8: so that's quite a substantial move. And actually the fifteen

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Speaker 8: to nineteen bracket is even higher than that fifteen percent.

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Speaker 8: So those people were all drafted into the workforce when

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Speaker 8: labors and short supply. Now they've been moved basically out

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Speaker 8: of work, and so that's probably you're not going to

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Speaker 8: see that recover though, until you see the actual labor

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Speaker 8: market recover.

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Speaker 5: Now. One of the key points is the participation rate.

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Speaker 8: It fell from seventy point five to seventy point three,

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Speaker 8: so it means people have removed themselves from the workforce.

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Speaker 5: That's not good. It's the discouraged worker effect.

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Speaker 8: The participation rate is its lowest since twenty twenty. And

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Speaker 8: of course, if those people hadn't removed themselves from the workforce,

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Speaker 8: that unemployment rate would be even higher. Employment as opposed

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Speaker 8: to unemployment fol zero point six percent, and the underutilization

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Speaker 8: rate is people who would like to be working more

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Speaker 8: at twelve point nine percent means there are four hundred

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Speaker 8: and six thousand people that want more work now. Not unsurprisingly,

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Speaker 8: this all means that wages aren't moving up as fast

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Speaker 8: as they were.

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Speaker 5: The labor costs index rose two point one percent.

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Speaker 8: That's the private sector, so that's a four year low,

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Speaker 8: and I suspected people do get wage rises this year,

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Speaker 8: it's going to be very low, single digit numbers. Detail

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Speaker 8: employment falling in the construction, public administration, healthcare, and professional

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Speaker 8: services sectors. You'd seen some games in manufacturing. That's good

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Speaker 8: to see. And of course we've got this regional discrepancy

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Speaker 8: which has been talked to again not particularly unsurprising at

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Speaker 8: the South Island sitting at four percent, Auckland sitting at

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Speaker 8: six point one, so a lot higher in the urban centers.

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Speaker 8: If you're looking for the flickers of growth, Mike, there

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Speaker 8: are some there. And so you've got the housing, the

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Speaker 8: household Labor for survey and the quarterly Employment survey. The

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Speaker 8: HLFS had a zero put nine percent lift in hours work.

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Speaker 8: That's really good to see. You also saw that corroborated

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Speaker 8: in the quarterly employment survey and lifting jobs and ours

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Speaker 8: work there as well, So I think that's that is

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Speaker 8: a precursor for stability, So it could indicate that this

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Speaker 8: is the peak.

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Speaker 5: Big picture comments.

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Speaker 8: It's a massive data dump, but if you look at

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Speaker 8: the quarterly employment growth, takeout all the volatility, it's dead flat.

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Speaker 8: The employment market is not really going and where and

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Speaker 8: pressure coming off wages. That doesn't seem to be anything

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Speaker 8: in these numbers standing in the way of a further

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Speaker 8: twenty five basis pointcut in the OCR November.

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Speaker 5: And I guess that's how you'd summarize.

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Speaker 2: It and bring it on.

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Speaker 8: What about China, Mike, which is seeming quite a bit

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Speaker 8: of really mixed commentary about China. You read one report,

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Speaker 8: it says the economy is recovering. You read another one

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Speaker 8: you say it isn't recovering. It's still our key export partner.

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Speaker 8: So that you do get these mixed signals. And we've

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Speaker 8: had evidence of this in the last couple of days.

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Speaker 8: Remember we sometimes talk about the quajun PMI, the private

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Speaker 8: sector purchasing managed indext what. It's got a new name.

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Speaker 8: It's now called, which is a slightly more sort of descriptive.

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Speaker 8: It's called the rating Dog PMI, and it's now traveling

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Speaker 8: in a different direction from manufacturing. So here's the conundrum.

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Speaker 8: Manufacturing PMI released a couple of days ago. It was weak,

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Speaker 8: but that's not what's evident in the services sector. The

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Speaker 8: services sector fifty two points six, it's an expansion, it's

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Speaker 8: been an expansion since twenty twenty three. But manufacturing is

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Speaker 8: in the doldrums. It's sitting under fifty. It's the lowest

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Speaker 8: it's been since April this year. You bring them together

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Speaker 8: and you've got the concont index which is at bang

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Speaker 8: on fifty, neither contractiony or expansiony. The vibe I think

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Speaker 8: is is that if you get further deterioration and these

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Speaker 8: sort of per my numbers, you're going to see more

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Speaker 8: government stimulus. So we've got to keep close signing that

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Speaker 8: and the trade numbers going forward. And you just quickly

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Speaker 8: mentioned that ADP employment numb, which is quite good. Another

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Speaker 8: data point overnight, the ism and the CISS index fifty

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Speaker 8: two point four. That was quite a quite positive good.

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Speaker 8: But inside the data, price is paid has gone up.

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Speaker 8: That throws the spotlight inflation. We've seen a big shift

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Speaker 8: up in the tenier bondrade overnight.

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Speaker 2: We have significant Hey this time next week, Are you

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Speaker 2: prepared for the breakfast thing that we're doing?

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Speaker 8: Absolutely good, it's gonna You've got to be there.

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Speaker 5: I got to be.

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Speaker 2: There because I said to someone yesterday it's full? Is

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Speaker 2: it not full?

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Speaker 5: Not quite? We need a few more people.

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Speaker 2: So do you want to give your phone number out

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Speaker 2: and we can ring you? What do you want to do?

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Speaker 8: Well, my phone number is everywhere you know, anybody can

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Speaker 8: ring me. I get everyone ringing me. Yeah, yeah, don't

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Speaker 8: answer all the calls obviously, but yeah, next Thursday, go

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Speaker 8: online short Partners dot co doms.

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Speaker 5: They'd sign up there.

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Speaker 2: It's it's well worth it. I've done two of them.

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Speaker 2: I mean there's only been two, but two of them,

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Speaker 2: but I've reviewed it well every year and you've turned

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Speaker 2: up and done quite well as well. So people want

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Speaker 2: to listen to what yours?

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Speaker 5: It's the supporting act as ever exactly?

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Speaker 2: Well, what are the numbers?

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Speaker 8: Forty seven thousand, two hundred and forty one on the

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Speaker 8: Dow Jones it's up point up third of a percent,

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Speaker 8: s and P five hundred up half a percent six

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Speaker 8: eight oh five the NASDAK up just under one per cent,

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Speaker 8: So bouncing back from the cell of twenty three thousand,

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Speaker 8: five hundred and sixty seven forty one hundred nine trill

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Speaker 8: per seven, up two thirds of percent.

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Speaker 5: Nick A Volatile is.

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Speaker 8: Down one thousand, one thousand and eighty five points fifty thousand,

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Speaker 8: two hundred and twelve. Shanghai Composite up a quarter of

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Speaker 8: cent thirty nine sixty nine. The Ossies yesterday lost twelve

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Speaker 8: points eight eight oh two on the ASEX two hundred

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Speaker 8: and then sex fifty up fifteen points thirteen thousand, six

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Speaker 8: hundred and twenty one zero point one percent.

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Speaker 5: Ended dollar point.

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Speaker 8: Five sixty sixty two against the US point eight sixty

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Speaker 8: nine three against the Ossie point four nine three oh

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Speaker 8: Euro zero point four three three nine pounds eighty seven

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Speaker 8: point twenty five Japanese en gold three thousand, nine hundred

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Speaker 8: and eighty six dollars in break fruit sixty three dollars

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Speaker 8: and ninety one season See tomorrow.

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Speaker 2: Andrew kellaher Sure and Partner's Posky Mack's reasonable result same

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Speaker 2: store sales up three point six percent in the US

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Speaker 2: up two point four percent Toy eight a reasonable result too.

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Speaker 2: They said, Yes, the tariffs are hitting US in America,

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Speaker 2: but they've still bumped their forecast. They say that their models,

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Speaker 2: it'll be the RAB four and all that sort of stuff.

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Speaker 2: People are still buying them, which is good. Six to

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Speaker 2: twenty one you re a News Talks EDB.

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Speaker 1: Good the Vi Hosking Breakfast Full Show podcast on iHeartRadio

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Speaker 1: powered by News Talks EDB.

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Speaker 2: Gold Ai Tech job things still real, IBMSA. They're going

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Speaker 2: to lay off thousands of employees in the current quarter.

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Speaker 2: Are one percent? To give you a clue, they employ

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Speaker 2: a lot of people. Turn arou seventy thousand people, so

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Speaker 2: one percent is about three thousand. But they're going to

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Speaker 2: be laying off thousands of people in the current quarter.

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Speaker 2: Something to look forward to sex twenty five. That would

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Speaker 2: be you, Glenn, anyway, are we going to do it?

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Speaker 2: Or no, can't do it. We'll come back to The

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Speaker 2: Canadian budget came out yesterday. So Carney, the reason I'm

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Speaker 2: particularly the interest in this is Kearney was once the

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Speaker 2: Central Bank, Reserve Bank government of course, so you would

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Speaker 2: argue he kind of knows what he's doing and what

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Speaker 2: he came out yesterday and see you're going to swing

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Speaker 2: for the fences, and so there was a tremendous amount

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Speaker 2: of spending going on the areas in which he spent

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Speaker 2: were interesting, not least which was defense, because they promised

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Speaker 2: they think they were sitting about two percent of GDP

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Speaker 2: on defense, and they promise part of the NATO thing

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Speaker 2: that they're going to be going up to five percent,

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Speaker 2: which is many billions of dollars speaking. But i'll come

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Speaker 2: back to that. Speaking of central banks, we also got

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Speaker 2: and I'll talk to Nicola Willis about this after seven

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Speaker 2: o'clock this morning. She's with us on the unemployment. It's

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Speaker 2: too late now, mate. We haven't got them the time.

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Speaker 2: We haven't got the time. We'll come back to Nicola Willis.

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Speaker 2: After seven o'clock the Reserve Bank came out with their

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Speaker 2: forecast for the economy as far as the agriculture sector

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Speaker 2: is concerned. The non performing loans in the in the

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Speaker 2: sector are you know, people who own money more than

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Speaker 2: ninety days, et cetera. They're at multi year low, sixteen

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Speaker 2: year low. So in other words, you're doing well at

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Speaker 2: the moment. All those beef and milk prices, low interest

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Speaker 2: rates have worked in very nicely. Indeed, as far as

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Speaker 2: the Reserve Bank concerned, this what I want to know,

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Speaker 2: does she get anything out of this, because a lot

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Speaker 2: of people take this seriously. This is one of Christian

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Speaker 2: Hawksby's last things he's going to do. The risks were

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Speaker 2: higher than in recent years, underperformance in parts of the

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Speaker 2: New Zealand economy, et cetera, et cetera. So he goes

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Speaker 2: through these different categories economic conditions, trade tensions, housing market,

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Speaker 2: business tress, reinsurance, cybersecurity, and what he sees throughout all

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Speaker 2: of them is, oh yeah, housing market, oh yeah, could

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Speaker 2: be better, could be worse, business stress, could be better,

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Speaker 2: could be worse, cybersecurity and things. But Dodgy, there's nothing

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Speaker 2: specific to get your head around as far as I

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Speaker 2: can work out, and I just want to know what

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Speaker 2: the point of all of that is. Anyway, we'll ask

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Speaker 2: her after seven o'clock. Now the good news on fast track.

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Speaker 2: More applications are being ticked off, this time mining. We're

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Speaker 2: going to get into the business of mining right after

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Speaker 2: the news, which is next here at news Talk said be.

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Speaker 1: Your trusted home for news, sport, entertainment, opinion, and Mike

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Speaker 1: the my asking Breakfast with the Defender embraced the impossible

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Speaker 1: newstalksad B the par the day.

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Speaker 2: Of mourning for their worker killed in the tower collapse

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Speaker 2: the other day in Italy, so we'll get the updode

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Speaker 2: from JO among other matters shortly. Meantime back here twenty

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Speaker 2: three to seven fast break as in consenting is coming

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Speaker 2: to the economic party. It seems the Australian minus Santana

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Speaker 2: have secure to thirty year permit for the Central Otigo

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Speaker 2: gold project. So they're going to pay either tenpency of

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Speaker 2: the profits or two percent of the gold sales to

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Speaker 2: the government, which is an eight hundred million dollars deal

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Speaker 2: over time. Damien Spring is the chief executive of some

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Speaker 2: tournamenterals and as with us, Damian morning, Good morning the

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Speaker 2: process itself. Are you happy with it in terms of

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Speaker 2: as a country, are we getting our act together in

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Speaker 2: getting on with the business?

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Speaker 5: Oh?

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Speaker 13: Look, I think we're now now and our particular second

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Speaker 13: start now reached the part where we've got much more certainty.

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Speaker 13: Certainly what we had to do in order to formulate

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Speaker 13: our application is still diligent, it's still thorough and it

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Speaker 13: still pretty much sits under the existing the previous legislations

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Speaker 13: which still exist, the Resource Management Act and other related act.

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Speaker 13: So we're getting there, but I certainly think we can

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Speaker 13: do better.

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Speaker 2: Good and will we once the laws are passed?

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Speaker 14: Look, I think so.

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Speaker 13: I think Simon Court is leading that charge and the

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Speaker 13: reforms to the Resource Management Act, and I understand there's

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Speaker 13: going to be some indication of what it might look

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Speaker 13: like the side of Christmas and with a view to

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Speaker 13: get that into law next year.

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Speaker 2: The pushback you deal with, is mining still a thing

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Speaker 2: in this country as far as you're concerned? For some.

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Speaker 13: Oh, Look, there's plenty of pushback, but I'm comfortable that

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Speaker 13: there's much more in terms of support. I've been mining

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Speaker 13: here continuously for twenty years. Obviously, cat And grew up here,

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Speaker 13: so mining is definitely part of our lives. We just

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Speaker 13: need to raise a profile even more. Just educate people

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Speaker 13: about what we do, what we produce, and how we

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Speaker 13: look after our fantastic country we've got here.

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Speaker 2: And do people believe that? Or I mean, what I'm

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Speaker 2: trying to find out are the people who push back

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Speaker 2: these days? Are they the people are always going to

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Speaker 2: push back? Or is there a story to be told

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Speaker 2: that you haven't told quite as well as you could have.

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Speaker 13: I think in most cases it's the sort of people

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Speaker 13: who will always push back, you know, and to be

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Speaker 13: fair and a lot of those cases, they are our

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Speaker 13: future neighbors, right, so they've got a right to understand

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Speaker 13: and get into the detail. We have obviously tried to

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Speaker 13: do that and we will continue to do that and.

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Speaker 15: Discuss with him the deal.

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Speaker 2: You have struck ten percent of the profits or two

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Speaker 2: percent of the gold sales? Is that the way of

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Speaker 2: the future? Is this how this thing should work?

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Speaker 13: I love this particular royalty regime was brought in by

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Speaker 13: the government in twenty thirteen. I guess we're just one

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Speaker 13: of those lucky ones that have actually found something since

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Speaker 13: then that triggers that level of royalty regiing. So it

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Speaker 13: is law. Any other new discovery on a permit issue

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Speaker 13: since then will pay a similar basis.

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Speaker 2: Of PRIORTI is it worth hunting for gold if you

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Speaker 2: haven't been given what's happened to the price of gold

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Speaker 2: of late or not? Or is it a bigger picture

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Speaker 2: thing than that.

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Speaker 13: It's going to worth hunting for gold? The certainly our

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Speaker 13: discovery here in Central Otago has sparked a interest from

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Speaker 13: a lot of companies moving into the area, and that

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Speaker 13: was before this year, well before this year and end

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Speaker 13: the gold price, so there's definitely price and the fact

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Speaker 13: that we've made this discovery.

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Speaker 2: What do you make of the market at the moment?

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Speaker 2: I mean, is this here for good or is this

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Speaker 2: a moment.

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Speaker 13: I guess reading some of the literature and research notes

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Speaker 13: at around there's been definitely fundamental shift in where gold

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Speaker 13: sits in financial markets. There is definitely a flight to

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Speaker 13: safe havens such as gold, and I think we're seeing

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Speaker 13: that based on the research that's going to be here

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Speaker 13: for a while longer.

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Speaker 2: Good stuff, Domien, Nice to talk to your Damian Spring,

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Speaker 2: who's the chief executive. It's Satana to Italy in a

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Speaker 2: moment nineteen too.

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

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Speaker 1: by News.

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Speaker 2: yea Carning and Canada. Interesting deficit's going to roll out

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Speaker 2: at about ninety billion, which is a lot, and he

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Speaker 2: spent a lot. He spent a shed load three hundred

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00:20:34,359 --> 00:20:38,040
Speaker 2: and fifty billion. A strategic injection of funds will attract

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00:20:38,200 --> 00:20:41,920
Speaker 2: he claims a trillion in investment to the country. They're

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Speaker 2: spending on highways and ports, electrical grids and digital corridors

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00:20:45,000 --> 00:20:46,800
Speaker 2: and defense and housing and all that sort of stuff.

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Speaker 2: He is cutting in certain areas. The public service is

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Speaker 2: going to get gutted. Reduction of the public service of

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Speaker 2: forty thousand jobs by the end of twenty twenty nine.

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Speaker 2: It's all brought about by the trade problem. That seventy

439
00:20:57,520 --> 00:21:00,320
Speaker 2: percent of what they do goes south to America and

440
00:21:00,320 --> 00:21:02,399
Speaker 2: they've got tarre of problems. So a whole bunch of

441
00:21:02,480 --> 00:21:05,879
Speaker 2: measures to lower the marginal effective tax rate from thirteen

442
00:21:05,920 --> 00:21:10,000
Speaker 2: point to thirteen point two from fifteen point six. He's

443
00:21:10,000 --> 00:21:12,800
Speaker 2: got a one point three billion to attract international researchers

444
00:21:12,800 --> 00:21:15,920
Speaker 2: to Canadian universities. That's sticking it right up the Americans.

445
00:21:15,960 --> 00:21:18,959
Speaker 2: So we'll see how that goes. I noticed in the

446
00:21:19,000 --> 00:21:23,359
Speaker 2: power grid department he's into nuclear reactors. Wake up New Zealand.

447
00:21:23,680 --> 00:21:26,239
Speaker 2: He's boosting defenses. I mentioned to that five percent by

448
00:21:26,280 --> 00:21:29,880
Speaker 2: twenty thirty five, so that's tens of billions of dollars

449
00:21:30,640 --> 00:21:33,480
Speaker 2: worth of investment. Are significantly cuts targets for new temporary

450
00:21:33,520 --> 00:21:35,600
Speaker 2: residents from six hundred and seventy three thousand to three

451
00:21:35,680 --> 00:21:39,359
Speaker 2: hundred and eighty five thousand. So there's that immigration play

452
00:21:39,400 --> 00:21:41,960
Speaker 2: that was the Trudeau era that he's trying to move

453
00:21:42,040 --> 00:21:45,119
Speaker 2: himself away from, and he's launching a loan facility. This

454
00:21:45,240 --> 00:21:48,200
Speaker 2: is sort of odd a ten billion intended to support

455
00:21:48,240 --> 00:21:51,920
Speaker 2: otherwise successful Canadian businesses. So in other words, you're doing

456
00:21:51,960 --> 00:21:55,399
Speaker 2: okay until Donald came along, and now you're not. So

457
00:21:55,480 --> 00:21:57,040
Speaker 2: they've got a sort of a program to try and

458
00:21:57,040 --> 00:21:58,760
Speaker 2: help you through that. So there was a lot going

459
00:21:58,760 --> 00:22:00,520
Speaker 2: on in Canada yesterday for Tea too.

460
00:22:01,000 --> 00:22:04,440
Speaker 1: So my costing breakfast with Bailey's real Estate news talks,

461
00:22:04,480 --> 00:22:04,760
Speaker 1: there'd be.

462
00:22:04,920 --> 00:22:07,680
Speaker 2: Weston's got a plan of scout has goes badly as

463
00:22:07,760 --> 00:22:09,960
Speaker 2: regards the tariffs and the Supreme Court. I'll come to

464
00:22:10,000 --> 00:22:12,320
Speaker 2: that later in the program. And Living away from seven.

465
00:22:12,600 --> 00:22:16,480
Speaker 1: International Correspondence with ends and Eye Insurance. Peace of mind

466
00:22:16,560 --> 00:22:17,480
Speaker 1: for New Zealand business.

467
00:22:17,600 --> 00:22:20,800
Speaker 10: Jo McKenna, greetings for you, good morning mate.

468
00:22:20,840 --> 00:22:22,920
Speaker 2: We I've ever said business and we had a death

469
00:22:22,920 --> 00:22:24,600
Speaker 2: out of this. But I just wonder how much of

470
00:22:24,680 --> 00:22:27,280
Speaker 2: you know, when you're dealing and restoring these old structures

471
00:22:27,320 --> 00:22:29,199
Speaker 2: which are hundreds of not thousands of years old, how

472
00:22:29,240 --> 00:22:31,360
Speaker 2: much risk is going on there on any given day.

473
00:22:32,440 --> 00:22:34,960
Speaker 16: Yeah, I mean it really makes you think, especially at

474
00:22:35,000 --> 00:22:39,480
Speaker 16: the moment because Rome has many reconstruction projects, recovery of

475
00:22:39,560 --> 00:22:42,479
Speaker 16: some of the old ruins going on financed by some

476
00:22:42,520 --> 00:22:45,080
Speaker 16: of those EU funds recovery funds.

477
00:22:45,800 --> 00:22:47,640
Speaker 10: But this was a day of mourning for Rome.

478
00:22:47,680 --> 00:22:48,000
Speaker 12: Today.

479
00:22:48,720 --> 00:22:51,720
Speaker 16: Sixty six year old construction worker was killed while helping

480
00:22:51,760 --> 00:22:55,439
Speaker 16: to restore a medieval tower just near the coliseum, so

481
00:22:55,960 --> 00:22:59,120
Speaker 16: quite close to where many many tourists would have been passing,

482
00:22:59,160 --> 00:23:02,560
Speaker 16: and he was trapped and the rubble for eleven hours,

483
00:23:02,760 --> 00:23:04,560
Speaker 16: rescued and then died in hospital.

484
00:23:05,200 --> 00:23:07,080
Speaker 2: Is this a unionized thing? Is that the sort of

485
00:23:07,160 --> 00:23:09,800
Speaker 2: debate you have? And we need safe more safety rules

486
00:23:09,840 --> 00:23:11,040
Speaker 2: and laws and rules all there.

487
00:23:11,640 --> 00:23:11,840
Speaker 7: Yeah.

488
00:23:11,920 --> 00:23:14,360
Speaker 16: Look, I think it's a problem because so many of

489
00:23:14,440 --> 00:23:17,199
Speaker 16: these construction sites now are not unionized.

490
00:23:17,240 --> 00:23:19,000
Speaker 10: The workers don't have protection.

491
00:23:19,520 --> 00:23:22,400
Speaker 16: This chap was from Romania, so many of the workers

492
00:23:22,480 --> 00:23:25,800
Speaker 16: are from other parts of Europe. And we've had seven

493
00:23:25,920 --> 00:23:29,359
Speaker 16: hundred work work related death since the beginning of this year.

494
00:23:29,600 --> 00:23:32,480
Speaker 2: Now, the budget, there was some criticism around that it

495
00:23:32,480 --> 00:23:34,480
Speaker 2: didn't boost it. I mean, what was it supposed to

496
00:23:34,480 --> 00:23:35,560
Speaker 2: boost grow?

497
00:23:35,760 --> 00:23:38,280
Speaker 16: Well, we've still got some toing and throwing going, so

498
00:23:38,440 --> 00:23:41,919
Speaker 16: the government hasn't signed off completely yet. But the largest

499
00:23:41,920 --> 00:23:46,760
Speaker 16: business organization, Confindustria has criticized the twenty twenty six budget

500
00:23:46,840 --> 00:23:50,480
Speaker 16: saying it won't boost growth. And they say that, of course,

501
00:23:50,560 --> 00:23:53,399
Speaker 16: employers are under more pressure because of the tariffs and

502
00:23:53,440 --> 00:23:55,000
Speaker 16: geo political.

503
00:23:54,560 --> 00:23:55,960
Speaker 10: Tensions going on around the world.

504
00:23:56,920 --> 00:23:59,480
Speaker 16: Having said that, I did see something positive today, saying

505
00:23:59,480 --> 00:24:04,280
Speaker 16: that the main in Italy sectors agriculture, fashion, those areas

506
00:24:04,320 --> 00:24:08,080
Speaker 16: of manufacturing look quite strong going into twenty twenty six.

507
00:24:08,240 --> 00:24:12,240
Speaker 2: That's good. Hey, gambling, I'm fascinated in the American market, particularly.

508
00:24:12,320 --> 00:24:15,439
Speaker 2: I don't gamble. I can't understand. But do you a

509
00:24:15,640 --> 00:24:17,760
Speaker 2: You gamble a lot, but do you gamble on sport?

510
00:24:17,840 --> 00:24:19,480
Speaker 2: Is sports gambling a big thing in Italy?

511
00:24:20,359 --> 00:24:20,560
Speaker 12: Yeah?

512
00:24:20,600 --> 00:24:21,199
Speaker 10: I think it is.

513
00:24:21,720 --> 00:24:23,679
Speaker 16: I was quite shocked, Mike to see some of the

514
00:24:23,720 --> 00:24:27,000
Speaker 16: figures today. The growth in the gambling industry in Italy

515
00:24:27,080 --> 00:24:32,560
Speaker 16: has outpaced Britain, Germany and France, and gaming revenues are

516
00:24:32,760 --> 00:24:38,040
Speaker 16: above twenty billion euros in twenty twenty four. And it's

517
00:24:38,040 --> 00:24:40,960
Speaker 16: an interesting issue for Maloney, the Prime Minister, because she

518
00:24:41,119 --> 00:24:45,320
Speaker 16: wants to defend the free market and family venues. But

519
00:24:45,400 --> 00:24:47,920
Speaker 16: the Catholic Church is looking for tighter regulations.

520
00:24:48,119 --> 00:24:50,280
Speaker 2: Okay, then we got the firefighters, so they're aging. No

521
00:24:50,280 --> 00:24:51,480
Speaker 2: one wants to be Why don't you want to be

522
00:24:51,520 --> 00:24:54,000
Speaker 2: a firefighter? You can strip off and make a calendar,

523
00:24:54,080 --> 00:24:57,400
Speaker 2: and I mean it's you know, I.

524
00:24:57,640 --> 00:25:01,920
Speaker 16: Think that there's the vinn stranded apparently because so many

525
00:25:02,160 --> 00:25:04,879
Speaker 16: older people in Italy, as we know it's an aging population,

526
00:25:05,040 --> 00:25:08,320
Speaker 16: are calling the firefighters in to open their doors after

527
00:25:08,359 --> 00:25:09,520
Speaker 16: they lock themselves out.

528
00:25:09,720 --> 00:25:13,040
Speaker 2: Oh, for goodness sake, For goodness sake, Joe, nice to

529
00:25:13,080 --> 00:25:15,280
Speaker 2: catch up with you. Appreciate it very much, Joe McKenna,

530
00:25:15,320 --> 00:25:17,080
Speaker 2: who is in Italy for us this morning. Seven away

531
00:25:17,080 --> 00:25:21,840
Speaker 2: from SEVENSCO data this morning from Trade me Housing told

532
00:25:21,880 --> 00:25:24,200
Speaker 2: you it's coming to life. A number of properties listed

533
00:25:24,200 --> 00:25:27,320
Speaker 2: for sale up through the roof four year high for

534
00:25:27,440 --> 00:25:30,240
Speaker 2: October twenty nine percent increase if you want a specific number,

535
00:25:30,640 --> 00:25:33,159
Speaker 2: coincides also with growing demand. So we're into the market

536
00:25:33,400 --> 00:25:35,520
Speaker 2: and we've got lots to choose from. So the price

537
00:25:35,600 --> 00:25:37,880
Speaker 2: thing might be interesting, but in terms of people selling

538
00:25:37,960 --> 00:25:41,119
Speaker 2: and people wanting to buy, those are all positive numbers.

539
00:25:41,920 --> 00:25:45,320
Speaker 2: It's the summer, it's the vibe. We're feeling the confidence

540
00:25:45,359 --> 00:25:48,240
Speaker 2: their words, not mine. Buyers appear to be feeling the confidence.

541
00:25:48,240 --> 00:25:51,919
Speaker 2: So at last, the Reserve bank movement is real and

542
00:25:51,960 --> 00:25:53,720
Speaker 2: we've got another one to come later on this month.

543
00:25:53,920 --> 00:25:56,280
Speaker 2: Auckland up four percent year on year, thirty three percent

544
00:25:56,320 --> 00:26:00,720
Speaker 2: from September, Wellington up six percent. Cannibary, what can I

545
00:26:00,760 --> 00:26:02,920
Speaker 2: tell you five percent month on month, twenty percent year

546
00:26:02,920 --> 00:26:07,199
Speaker 2: on year, Northland and Marlborough forty nine and forty three percent.

547
00:26:07,280 --> 00:26:08,920
Speaker 2: I mean, I know it's a little bit individual and

548
00:26:09,119 --> 00:26:10,880
Speaker 2: it doesn't take much in the small market to move

549
00:26:10,880 --> 00:26:14,440
Speaker 2: the numbers a lot, but that's a lot average asking price,

550
00:26:14,440 --> 00:26:16,399
Speaker 2: which you know that I'm always weak on this. I mean,

551
00:26:16,440 --> 00:26:17,639
Speaker 2: what you ask for and what you get are too

552
00:26:17,640 --> 00:26:20,399
Speaker 2: completely different things in normal circumstances. But nevertheless, the national

553
00:26:20,400 --> 00:26:23,399
Speaker 2: asking price that's up six percent as well to eight

554
00:26:23,520 --> 00:26:26,200
Speaker 2: hundred and eighty three thousand, So that to my eye

555
00:26:26,680 --> 00:26:29,520
Speaker 2: is reasonably bullish, six away from seven.

556
00:26:30,560 --> 00:26:32,320
Speaker 3: All the ins and the outs.

557
00:26:32,440 --> 00:26:36,560
Speaker 1: It's the spiz with business favor, take your business productivity

558
00:26:36,600 --> 00:26:37,480
Speaker 1: to the next level.

559
00:26:37,560 --> 00:26:40,000
Speaker 2: Speaking of bullet tech story, wonderful story here for you

560
00:26:40,040 --> 00:26:42,840
Speaker 2: this morning. We've got the Technology Investment Network otherwise known

561
00:26:42,880 --> 00:26:46,800
Speaker 2: as TIN TIN. It's our top two hundred tech films,

562
00:26:46,840 --> 00:26:51,359
Speaker 2: which would make it the ten two hundred, and if

563
00:26:51,400 --> 00:26:52,840
Speaker 2: you had two of them, you'd have the ten ten

564
00:26:52,880 --> 00:26:54,640
Speaker 2: two hundred. You've got to be of a certain age

565
00:26:54,640 --> 00:26:59,280
Speaker 2: to understand that joke. Revenue generated was twenty billion, which

566
00:26:59,280 --> 00:27:01,000
Speaker 2: is up nine point nine percent on last year. So

567
00:27:01,000 --> 00:27:03,800
Speaker 2: we'll take that all day along. Expert's at fifteen point

568
00:27:03,800 --> 00:27:06,040
Speaker 2: three to one billion, which is an increase of twelve

569
00:27:06,040 --> 00:27:09,040
Speaker 2: point four percent. So we're loving that. That, by the way,

570
00:27:09,320 --> 00:27:11,359
Speaker 2: makes the tech sector. And I've said this about a

571
00:27:11,359 --> 00:27:15,560
Speaker 2: million times. No one gives the tech sector the appreciation

572
00:27:15,840 --> 00:27:18,399
Speaker 2: and the coverage it deserves because it is right up

573
00:27:18,440 --> 00:27:20,680
Speaker 2: there now with dairy and tourism. It's third behind dairy

574
00:27:20,720 --> 00:27:24,200
Speaker 2: and tourism, but at fifteen point three billion in exports,

575
00:27:24,280 --> 00:27:26,560
Speaker 2: right on the heels of tourism because it's only sixteen

576
00:27:26,600 --> 00:27:29,040
Speaker 2: billion for tourism. You think about how often we talk

577
00:27:29,080 --> 00:27:31,679
Speaker 2: about tourism at sixteen billion worth of exports, Tech at

578
00:27:31,720 --> 00:27:34,760
Speaker 2: fifteen point three is right up its JACKSI sixty one

579
00:27:34,760 --> 00:27:39,680
Speaker 2: thousand employees in the sector overseas postings for New Zealand companies.

580
00:27:39,680 --> 00:27:42,160
Speaker 2: That's the really interesting that they're growing the fastest. Offshore

581
00:27:42,200 --> 00:27:45,760
Speaker 2: job creation is outpacing domestic growth three to one. Number

582
00:27:45,760 --> 00:27:50,040
Speaker 2: of onshore jobs. The ten two hundred staff actually fell

583
00:27:50,160 --> 00:27:52,479
Speaker 2: interestingly enough, two hundred twenty nine thousand, still a lot

584
00:27:52,480 --> 00:27:55,200
Speaker 2: of people, but it fell twelve point four percent tech

585
00:27:55,280 --> 00:27:58,960
Speaker 2: globally at this point unaffected by the US tariffs, So

586
00:27:59,040 --> 00:28:03,440
Speaker 2: you Douglas Pharmacy to cause your MAXA JESUK unaffected and

587
00:28:03,680 --> 00:28:06,280
Speaker 2: AFT they're doing very well. Indeed, our first year that

588
00:28:06,400 --> 00:28:11,280
Speaker 2: the couple of two ten two hundreds, first year that

589
00:28:11,320 --> 00:28:14,720
Speaker 2: two ten, two hundreds. I'm now just being silly, aren't

590
00:28:14,720 --> 00:28:17,119
Speaker 2: I have made over a couple of billion in revenue

591
00:28:17,160 --> 00:28:21,199
Speaker 2: that was zero And Fisher and Pikell Healthcare forty of

592
00:28:21,240 --> 00:28:23,879
Speaker 2: the ten two hundreds had turnedover of over one hundred

593
00:28:23,920 --> 00:28:26,680
Speaker 2: million dollars last year. Back in twenty fifteen it was

594
00:28:26,680 --> 00:28:30,280
Speaker 2: only nineteen. So it's gone from nineteen to forty companies

595
00:28:30,320 --> 00:28:32,439
Speaker 2: with turnover of more than one hundred million dollars. I mean,

596
00:28:32,440 --> 00:28:35,440
Speaker 2: how many good numbers do you want? For goodness sake?

597
00:28:35,760 --> 00:28:37,280
Speaker 2: Now I had a little bit of exercise. We'll talk

598
00:28:37,320 --> 00:28:39,440
Speaker 2: to Nicola Willis by the way, about the jobs in

599
00:28:39,480 --> 00:28:40,920
Speaker 2: a couple of moments, and I will ask her about

600
00:28:40,920 --> 00:28:43,240
Speaker 2: that Reserve Bank report yesterday, and we're I mean, what's

601
00:28:43,240 --> 00:28:46,080
Speaker 2: the use of these reports that just say vague stuff?

602
00:28:46,520 --> 00:28:49,280
Speaker 2: What do you get from that? As a finance minister? Anyway?

603
00:28:49,320 --> 00:28:51,400
Speaker 2: More importantly than that, and by the way, I will

604
00:28:51,440 --> 00:28:53,440
Speaker 2: be asking you about the bank. So Westpact this week

605
00:28:53,480 --> 00:28:56,640
Speaker 2: gave their profit announcement, which was a good profit? Can it? Now?

606
00:28:56,680 --> 00:29:00,400
Speaker 2: Just before I forget the news this morning is running

607
00:29:00,440 --> 00:29:04,280
Speaker 2: yet another one of these myopic stories that media run

608
00:29:04,520 --> 00:29:08,280
Speaker 2: based on the salary earned by the CEO of Westpac

609
00:29:08,360 --> 00:29:11,320
Speaker 2: in New Zealand. Now she earns a tremendous amount of money.

610
00:29:11,360 --> 00:29:13,200
Speaker 2: Why does she earn a tremendous amount of money Because

611
00:29:13,200 --> 00:29:16,600
Speaker 2: she's the CEO of a bank, so you're dealing with

612
00:29:16,680 --> 00:29:20,480
Speaker 2: multiples of billions. And then they go and it's fifty

613
00:29:20,480 --> 00:29:22,840
Speaker 2: five times the average wage and they tell you that,

614
00:29:22,960 --> 00:29:26,880
Speaker 2: so you feel bad about yourself. The relationship between a

615
00:29:26,920 --> 00:29:33,360
Speaker 2: CEO salary and the average person salary is pointless, because

616
00:29:33,560 --> 00:29:36,560
Speaker 2: that's why it's called the average salary and a ceo salary,

617
00:29:36,600 --> 00:29:38,720
Speaker 2: And just reminding people that they don't own a lot

618
00:29:38,720 --> 00:29:41,280
Speaker 2: of money is of no value whatsoever. There is a

619
00:29:41,320 --> 00:29:44,360
Speaker 2: reason in this life why some people earn more than others,

620
00:29:45,040 --> 00:29:47,280
Speaker 2: and there's no point in pointing it out that you know,

621
00:29:47,320 --> 00:29:49,520
Speaker 2: you should feel bad about yourself. Anyway, Where was I?

622
00:29:50,040 --> 00:29:51,920
Speaker 2: Nikola Willis on the jobs and having em got to

623
00:29:52,000 --> 00:29:54,160
Speaker 2: York from the University that I'm ropable about that. So

624
00:29:54,160 --> 00:29:56,160
Speaker 2: we've got David Seymour on that as well.

625
00:29:56,200 --> 00:29:59,960
Speaker 1: For you the newsmakers and the personalities, the big names

626
00:30:00,160 --> 00:30:03,880
Speaker 1: talk to Mike the mic Hosking Breakfast with Bailey's real

627
00:30:03,960 --> 00:30:07,760
Speaker 1: Estate doing real estate differently since nineteen seventy three, news

628
00:30:07,760 --> 00:30:08,640
Speaker 1: togs had been only.

629
00:30:08,600 --> 00:30:10,560
Speaker 2: Seven past seven. So the job numbers came in as

630
00:30:10,600 --> 00:30:13,080
Speaker 2: expected five point three percent for the September quarter. And

631
00:30:13,120 --> 00:30:15,240
Speaker 2: depending on who's writing the headline, of course, it's either

632
00:30:15,400 --> 00:30:17,520
Speaker 2: the highest in nine years or the bottom of the

633
00:30:17,520 --> 00:30:19,840
Speaker 2: cycle and better times are ahead. The Finance Minister Nikola

634
00:30:19,880 --> 00:30:20,440
Speaker 2: Willis with us.

635
00:30:20,480 --> 00:30:23,880
Speaker 12: Good morning, Good morning Mane'll let me give you the

636
00:30:23,920 --> 00:30:26,680
Speaker 12: bright side up on this well rut up eyes store.

637
00:30:27,600 --> 00:30:30,800
Speaker 2: It's the rearview mirror, isn't it. Really? The job adds

638
00:30:30,800 --> 00:30:33,600
Speaker 2: are up, so it is at the bottom. Are better

639
00:30:33,680 --> 00:30:34,320
Speaker 2: times coming?

640
00:30:34,960 --> 00:30:35,080
Speaker 17: Well?

641
00:30:35,080 --> 00:30:37,760
Speaker 12: There were two indicators in there that were positive, so

642
00:30:37,800 --> 00:30:40,520
Speaker 12: there was really strong growth in the hours work that

643
00:30:40,680 --> 00:30:43,440
Speaker 12: was up zero point nine percent for the period. So

644
00:30:43,960 --> 00:30:46,920
Speaker 12: that's positive because of course when people are working more hours,

645
00:30:46,960 --> 00:30:50,480
Speaker 12: that suggests that there's more activity going on in the

646
00:30:50,520 --> 00:30:53,920
Speaker 12: economy and they're able to get more income into their family. Also,

647
00:30:54,240 --> 00:30:57,360
Speaker 12: there's been a shift away from part time to full

648
00:30:57,400 --> 00:31:00,480
Speaker 12: time employment because you had the full time employer rate

649
00:31:00,600 --> 00:31:03,520
Speaker 12: up in the part time rate down a bit. So

650
00:31:03,880 --> 00:31:07,760
Speaker 12: those are two positive indicators. Of course, with unemployment figures,

651
00:31:07,800 --> 00:31:10,360
Speaker 12: they can bounce around a little bit. So I'm not

652
00:31:10,440 --> 00:31:13,440
Speaker 12: on the camp where I'm confidently saying that we've absolutely

653
00:31:13,480 --> 00:31:17,560
Speaker 12: definitely got the highest read at this point. There are

654
00:31:17,560 --> 00:31:21,280
Speaker 12: some economists who say it will go back down next quarter.

655
00:31:21,360 --> 00:31:23,240
Speaker 12: There are others who are being a bit more cautious,

656
00:31:23,240 --> 00:31:25,240
Speaker 12: So we'll see how it plays. What we are seeing

657
00:31:25,280 --> 00:31:28,920
Speaker 12: across the economy a lot of signs that the bottom

658
00:31:28,960 --> 00:31:31,320
Speaker 12: has been reached and that we are now very much

659
00:31:31,360 --> 00:31:34,800
Speaker 12: in recovery, growing this quarter, expect to accelerate into more

660
00:31:34,800 --> 00:31:35,720
Speaker 12: growth next quarter.

661
00:31:36,280 --> 00:31:37,520
Speaker 3: All of that is consistent.

662
00:31:37,720 --> 00:31:40,120
Speaker 2: Okay, does the underutilization rate worry?

663
00:31:41,520 --> 00:31:45,000
Speaker 12: Well, it's always a sign that you don't have enough

664
00:31:45,040 --> 00:31:47,400
Speaker 12: work in the economy to satisfy the people who are

665
00:31:47,400 --> 00:31:50,400
Speaker 12: wanting work. And so we've always said this is a

666
00:31:50,600 --> 00:31:53,520
Speaker 12: very simple formula, which is you first got to keep

667
00:31:53,520 --> 00:31:56,160
Speaker 12: your inflation and your interest rates under control, which we

668
00:31:56,280 --> 00:32:00,000
Speaker 12: have lower taxes helps, and then once you've got that play,

669
00:32:00,840 --> 00:32:03,800
Speaker 12: firms will have the confidence to start investing and hiring again,

670
00:32:04,240 --> 00:32:06,640
Speaker 12: but we're ambitious to drive it along. It's not just

671
00:32:06,760 --> 00:32:09,680
Speaker 12: enough to do the foundation. So that's why we've been

672
00:32:09,800 --> 00:32:12,560
Speaker 12: keen to fast track these private sector developments which have

673
00:32:12,840 --> 00:32:16,240
Speaker 12: literally thousands of jobs associated with them, and we've had

674
00:32:16,280 --> 00:32:19,400
Speaker 12: four of those approved already and many of them will

675
00:32:19,440 --> 00:32:22,240
Speaker 12: be kicking off well before Christmas. That's why we're driving

676
00:32:22,280 --> 00:32:26,000
Speaker 12: along these public infrastructure projects, with seven billion dollars worth

677
00:32:26,000 --> 00:32:30,240
Speaker 12: of them starting before Christmas. It's also why we're keen

678
00:32:30,320 --> 00:32:33,000
Speaker 12: out there opening new markets through our exporters. You saw

679
00:32:33,000 --> 00:32:35,960
Speaker 12: the Prime Minister yesterday with the Indian Trade Minister. That's

680
00:32:35,960 --> 00:32:39,520
Speaker 12: why we're welcoming an investment from around the world, reducing

681
00:32:39,520 --> 00:32:42,760
Speaker 12: red tape for businesses. All of those things about are

682
00:32:42,800 --> 00:32:46,440
Speaker 12: about giving employers the confidence to take on new workers,

683
00:32:46,480 --> 00:32:48,560
Speaker 12: because at the end of the day, you don't just

684
00:32:48,640 --> 00:32:51,600
Speaker 12: deal with the government hiring spree. You actually need private,

685
00:32:51,680 --> 00:32:55,479
Speaker 12: independent businesses saying I like what's ahead, I'm confident I'm hiring.

686
00:32:55,680 --> 00:32:58,160
Speaker 2: The related matter is the Reserve Bank report yesterday the

687
00:32:58,200 --> 00:33:00,280
Speaker 2: General I mean, do you get anything? What do they

688
00:33:00,320 --> 00:33:02,760
Speaker 2: do these reports for? I mean I could have written

689
00:33:02,760 --> 00:33:05,400
Speaker 2: it for you and probably a lot cheaper, it says nothing.

690
00:33:05,520 --> 00:33:07,000
Speaker 2: Do you Is there any value in this?

691
00:33:08,080 --> 00:33:11,760
Speaker 12: Yes, there is, because it's the classic case of for

692
00:33:11,880 --> 00:33:16,320
Speaker 12: three or four land financial stability reports, there could be

693
00:33:16,440 --> 00:33:19,760
Speaker 12: one that says, actually, we're seeing some things that are

694
00:33:19,800 --> 00:33:24,800
Speaker 12: making us nervous. Whether that's that they're concerned about what's

695
00:33:24,800 --> 00:33:27,560
Speaker 12: going on in the housing market with a particular type

696
00:33:27,560 --> 00:33:30,200
Speaker 12: of lending, with a sector that's very stressed that could

697
00:33:30,280 --> 00:33:33,840
Speaker 12: pose challenges to financial stability. And when they do that

698
00:33:33,920 --> 00:33:36,880
Speaker 12: analysis and they find that out, then they've got options

699
00:33:36,920 --> 00:33:40,000
Speaker 12: to address it. So yep. It's great when it's positive

700
00:33:40,040 --> 00:33:42,840
Speaker 12: and it's generally as you'd expect, but it can be

701
00:33:42,960 --> 00:33:45,640
Speaker 12: something that can give us warnings of problems that could

702
00:33:45,640 --> 00:33:48,800
Speaker 12: occur in the future. Financial stability you take it completely

703
00:33:48,800 --> 00:33:51,640
Speaker 12: for granted until something goes wrong and then you've got

704
00:33:51,680 --> 00:33:53,800
Speaker 12: a GFC and you're wishing you about it earlier.

705
00:33:53,960 --> 00:33:56,840
Speaker 2: Okay, I appreciate your time. Nicolaulis the Finance Minister with

706
00:33:56,920 --> 00:34:01,000
Speaker 2: us this morning. It's eleven minutes past seven Auckland University

707
00:34:01,000 --> 00:34:02,400
Speaker 2: this week, because it occurred to me that no one

708
00:34:02,440 --> 00:34:04,480
Speaker 2: seems to be holding them to account for this cluster.

709
00:34:04,600 --> 00:34:07,280
Speaker 2: There's their y pathatow Marta rah, course right. So they

710
00:34:07,280 --> 00:34:09,360
Speaker 2: made it compulsory, you know the story. They made it

711
00:34:09,360 --> 00:34:12,520
Speaker 2: compulsory and ideologically driven first, as it turns out, a

712
00:34:12,560 --> 00:34:15,359
Speaker 2: complete waste of time. Given the pushback was so great,

713
00:34:15,400 --> 00:34:18,040
Speaker 2: they've now made it voluntary. Now. The problem here was

714
00:34:18,080 --> 00:34:20,200
Speaker 2: for your domestic student they charged one thousand bucks for with

715
00:34:20,239 --> 00:34:23,520
Speaker 2: this nonsense. For the foreign student they charged five thousand,

716
00:34:23,680 --> 00:34:26,080
Speaker 2: seven hundred dollars. And it suddenly occurred to me, I thought,

717
00:34:26,080 --> 00:34:27,319
Speaker 2: I wonder if you get your money back on a

718
00:34:27,360 --> 00:34:29,200
Speaker 2: waste of time like that. Anyway, we rang them. They

719
00:34:29,200 --> 00:34:31,720
Speaker 2: said there's no refund going on. So anyway, David Seymour

720
00:34:32,280 --> 00:34:34,800
Speaker 2: is AC Party leader, Deputy Prime Minister and Associate Education

721
00:34:34,880 --> 00:34:38,120
Speaker 2: ministries with us good morning, good morning mate. Can they

722
00:34:38,239 --> 00:34:40,560
Speaker 2: hide behind independence? So in other words, no one can

723
00:34:40,560 --> 00:34:42,200
Speaker 2: do anything about this. They can cock it up to

724
00:34:42,200 --> 00:34:44,560
Speaker 2: the level they have and that's just life.

725
00:34:46,320 --> 00:34:46,560
Speaker 11: Yeah.

726
00:34:46,640 --> 00:34:50,280
Speaker 9: Unfortunately in this case it is I think ultimately having

727
00:34:50,560 --> 00:34:54,560
Speaker 9: universities that are independents, have their own counsel and chart

728
00:34:54,640 --> 00:34:56,960
Speaker 9: their own path as better in the long run, I

729
00:34:57,000 --> 00:35:01,799
Speaker 9: wouldn't want to be more dictatorial country where one organization,

730
00:35:01,960 --> 00:35:04,360
Speaker 9: the government or even one person just is this is

731
00:35:04,400 --> 00:35:07,480
Speaker 9: the way it's going to be. But clearly in this case,

732
00:35:08,320 --> 00:35:11,040
Speaker 9: just like a lot of other institutions that have been

733
00:35:11,120 --> 00:35:14,960
Speaker 9: completely captured and hijacked, and instead of empowering New Zealand

734
00:35:15,040 --> 00:35:17,879
Speaker 9: is to live their best life, to be capable so

735
00:35:17,920 --> 00:35:20,960
Speaker 9: that they can go out and businesses and hire people

736
00:35:21,000 --> 00:35:23,919
Speaker 9: and be hired just as Nikola was saying a moment ago,

737
00:35:24,600 --> 00:35:27,120
Speaker 9: they've gone down a rabbit hole of trying to force

738
00:35:27,280 --> 00:35:30,640
Speaker 9: a worldview on other people, in this case using their

739
00:35:30,680 --> 00:35:33,000
Speaker 9: own money. And I might add the only reason it's

740
00:35:33,120 --> 00:35:37,400
Speaker 9: cheaper for domestic students is that the taxpayers subsidized domestic students.

741
00:35:38,280 --> 00:35:40,319
Speaker 2: And that's the problem. Though, So you paid for it,

742
00:35:40,360 --> 00:35:42,319
Speaker 2: we paid for it. We've all paid for it. What

743
00:35:42,440 --> 00:35:45,040
Speaker 2: about the blowback for the government of the reputational damage

744
00:35:45,040 --> 00:35:46,840
Speaker 2: you're trying to get people coming into the country, some

745
00:35:46,840 --> 00:35:48,280
Speaker 2: of them are forked out five and a half thousand

746
00:35:48,320 --> 00:35:49,040
Speaker 2: dollars for nothing.

747
00:35:50,880 --> 00:35:54,279
Speaker 9: Well, that's that's the sadness of this whole thing. And

748
00:35:54,920 --> 00:35:58,239
Speaker 9: you know, Paramji Parma, one of O's MPs, who has

749
00:35:58,400 --> 00:36:00,680
Speaker 9: I think quite bravely led the charge, has taken a

750
00:36:00,760 --> 00:36:03,600
Speaker 9: huge amount of abuse, which in itself is part of

751
00:36:03,600 --> 00:36:06,040
Speaker 9: the problem. I think the reason this stuff happens, is

752
00:36:06,080 --> 00:36:09,839
Speaker 9: that it seems most people are fearful to speak up,

753
00:36:10,760 --> 00:36:13,680
Speaker 9: but she has, and she said they should refund it,

754
00:36:14,000 --> 00:36:16,520
Speaker 9: and they could actually just say, look, well, we're not

755
00:36:16,520 --> 00:36:18,680
Speaker 9: going to give you cash back, but we will give

756
00:36:18,680 --> 00:36:22,280
Speaker 9: you credit for another course that you actually choose because

757
00:36:22,520 --> 00:36:25,960
Speaker 9: you judge it to be useful to your future, not

758
00:36:26,080 --> 00:36:29,520
Speaker 9: because we've decided to hijack your future for our political purpose.

759
00:36:29,920 --> 00:36:32,320
Speaker 2: Is there an upside in the sense that a lesson

760
00:36:32,440 --> 00:36:34,920
Speaker 2: might have been learned by other universities they've looked at

761
00:36:34,960 --> 00:36:37,040
Speaker 2: this blow up in their face and gone, we'll never

762
00:36:37,080 --> 00:36:39,080
Speaker 2: go there again. Therefore we've learned something.

763
00:36:40,600 --> 00:36:43,120
Speaker 9: Yeah, I feel like there is a change going on.

764
00:36:43,200 --> 00:36:45,760
Speaker 9: If you've cast your mind back three or four years,

765
00:36:46,600 --> 00:36:50,640
Speaker 9: a course like this being introduced, being made compulsory would

766
00:36:50,640 --> 00:36:54,200
Speaker 9: have had full acquiescence, if not vocal support from the

767
00:36:54,239 --> 00:36:57,919
Speaker 9: governments of the day. Nobody would have been courageous enough

768
00:36:57,960 --> 00:37:00,839
Speaker 9: to stand up to it. The media have pounced on

769
00:37:00,920 --> 00:37:04,320
Speaker 9: anybody that did for the most part, and it just

770
00:37:04,360 --> 00:37:07,520
Speaker 9: wouldn't have changed that. It actually has changed, and I

771
00:37:07,520 --> 00:37:09,120
Speaker 9: think a lot of people will be setting up and

772
00:37:09,160 --> 00:37:14,719
Speaker 9: taking notice. It's also while true that university councils are independent,

773
00:37:14,800 --> 00:37:18,239
Speaker 9: and I ultimately believe they should be a portion of

774
00:37:18,360 --> 00:37:21,759
Speaker 9: the appointments are made by government. We actually haven't made

775
00:37:21,760 --> 00:37:25,160
Speaker 9: any appointments to Auckland. It's just the way the cycle goes.

776
00:37:25,239 --> 00:37:28,000
Speaker 9: But we will very soon. And that's another way that

777
00:37:28,120 --> 00:37:32,600
Speaker 9: an elected government can inject some fresh thinking and accountability

778
00:37:32,600 --> 00:37:36,480
Speaker 9: into these institutions. While they maintain the ability to make

779
00:37:36,520 --> 00:37:38,520
Speaker 9: their own decisions. We can add a flavor to that.

780
00:37:38,960 --> 00:37:41,239
Speaker 9: And you're starting to see that change. Still a lot

781
00:37:41,239 --> 00:37:43,640
Speaker 9: of frustration. There'll still be people who say, you know,

782
00:37:43,800 --> 00:37:47,759
Speaker 9: my council or this government department is still doing this

783
00:37:47,840 --> 00:37:50,040
Speaker 9: thing that actually doesn't make the boat go faster.

784
00:37:50,160 --> 00:37:51,080
Speaker 13: It's more about.

785
00:37:50,840 --> 00:37:56,839
Speaker 9: Compulsion than even in Mari culture. But nonetheless, I do

786
00:37:56,880 --> 00:38:00,319
Speaker 9: think we've got to chalk up the history curriculum that's

787
00:38:00,400 --> 00:38:03,400
Speaker 9: changed for schools last week, the fact that we are

788
00:38:03,440 --> 00:38:07,480
Speaker 9: no longer putting treaty obligations on school boards, and also

789
00:38:07,600 --> 00:38:11,200
Speaker 9: this reversal at the University of Auckland. I'm very proud

790
00:38:11,239 --> 00:38:14,160
Speaker 9: that we are actually driving New Zealand culture back to

791
00:38:14,239 --> 00:38:18,279
Speaker 9: an outward looking place where each person can succeed on

792
00:38:18,320 --> 00:38:21,880
Speaker 9: their own terms rather than be part of somebody else's

793
00:38:21,920 --> 00:38:25,439
Speaker 9: political projects and Cowden to fear against picking up against it.

794
00:38:25,520 --> 00:38:27,880
Speaker 2: Exactly well, so appreciate it very much. David Seymour. I'll

795
00:38:27,880 --> 00:38:30,800
Speaker 2: tell you what as apparent in this last decade, including COVID,

796
00:38:31,160 --> 00:38:34,160
Speaker 2: the damage done to the young people of this country

797
00:38:34,320 --> 00:38:39,080
Speaker 2: is almost incalculable. And the Auckland University ideology is a

798
00:38:39,280 --> 00:38:42,719
Speaker 2: major major part of that. Fifteen past seven The.

799
00:38:42,840 --> 00:38:47,239
Speaker 1: Mike Asking Breakfast Fall Show podcast on iHeartRadio powered by

800
00:38:47,280 --> 00:38:48,200
Speaker 1: News Talks AB.

801
00:38:48,840 --> 00:38:50,919
Speaker 2: News Talks at the eighteen past seven. My my daughter

802
00:38:50,960 --> 00:38:53,360
Speaker 2: bailed from Auckland University this year because of that Murray

803
00:38:53,360 --> 00:38:56,040
Speaker 2: directive and willetton Tiger next year. That's a common story

804
00:38:56,040 --> 00:38:57,799
Speaker 2: that happened a lot around the country in this last

805
00:38:57,960 --> 00:39:01,600
Speaker 2: twelve months, Morning Mike, Aukland compulsory, Mary learning. That was

806
00:39:01,600 --> 00:39:03,720
Speaker 2: the problem with Knitball and New Zealand pushing the culture

807
00:39:03,760 --> 00:39:05,640
Speaker 2: onto the players, and that's why you got the pushback.

808
00:39:05,719 --> 00:39:09,279
Speaker 2: That's the story I am being told to not that

809
00:39:09,320 --> 00:39:11,080
Speaker 2: Knitbull and New Zealand want to talk about any of that.

810
00:39:11,160 --> 00:39:13,120
Speaker 2: Of course, Morning Mike. What's the story of Adrian or

811
00:39:13,160 --> 00:39:16,239
Speaker 2: taking a court case? Johnny's not He's threatened a court case.

812
00:39:16,280 --> 00:39:19,400
Speaker 2: Michael Riddell, who appears on this program periodically Economic Commendata

813
00:39:19,920 --> 00:39:22,400
Speaker 2: former Reserve Bank worker, said a couple of things about Adrian.

814
00:39:22,480 --> 00:39:24,800
Speaker 2: It may or may not have been litigious, may or

815
00:39:24,880 --> 00:39:27,839
Speaker 2: may not have been correct. Adrian hired a lawyer, they

816
00:39:27,840 --> 00:39:30,200
Speaker 2: fired off the obligatory letter and I think things have

817
00:39:30,280 --> 00:39:33,839
Speaker 2: been resolved there. Mike Stephen, Adams, at thirteen million a year,

818
00:39:34,280 --> 00:39:36,960
Speaker 2: earns one hundred and sixty two times the average salary.

819
00:39:36,960 --> 00:39:39,080
Speaker 2: That's my point. The point is jobs are worth. What

820
00:39:39,160 --> 00:39:42,239
Speaker 2: jobs are worth comparing them to other jobs. Is it's

821
00:39:42,400 --> 00:39:46,840
Speaker 2: just that myopic media obsession we're bringing people down. Speaking

822
00:39:46,880 --> 00:39:49,960
Speaker 2: of which, ironically, David Cohen, who's done this just center

823
00:39:50,000 --> 00:39:52,439
Speaker 2: a dooming book, The Untold Stories, is with us after

824
00:39:52,440 --> 00:39:54,440
Speaker 2: eight o'clock this morning. It's a fascinating read. I've got

825
00:39:54,480 --> 00:39:57,480
Speaker 2: to tell you. I mean, for park your view of

826
00:39:57,680 --> 00:39:59,560
Speaker 2: Aderna side. The number of people involved in the book,

827
00:39:59,560 --> 00:40:01,880
Speaker 2: the number of interviews they did were extraordinary, so you

828
00:40:01,920 --> 00:40:05,759
Speaker 2: get this massive cross section to people. Anyway, One of

829
00:40:05,800 --> 00:40:08,439
Speaker 2: the funny parts, and one of the things that most

830
00:40:08,480 --> 00:40:11,799
Speaker 2: upset me during that period was the acquiescence of the

831
00:40:11,800 --> 00:40:17,200
Speaker 2: New Zealand media to her in general and their journalistic

832
00:40:17,239 --> 00:40:22,279
Speaker 2: integrity if it ever existed, got completely and utterly blown up.

833
00:40:22,719 --> 00:40:27,000
Speaker 2: And they did a study on stories and the favorability

834
00:40:27,040 --> 00:40:29,520
Speaker 2: of those stories every time I do and said something,

835
00:40:30,280 --> 00:40:34,520
Speaker 2: and the just the blatant, blatant bias of the New

836
00:40:34,600 --> 00:40:38,000
Speaker 2: Zealand media makes you want to weep anyways with us

837
00:40:38,040 --> 00:40:39,320
Speaker 2: after eight seven twenty.

838
00:40:40,960 --> 00:40:45,800
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

839
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Speaker 1: by News Talks b.

840
00:40:48,880 --> 00:40:52,439
Speaker 2: The Keiwi Dream, Key We Dream. Many would agree owning

841
00:40:52,480 --> 00:40:54,160
Speaker 2: your own home as a big part of that. SBS

842
00:40:54,200 --> 00:40:56,040
Speaker 2: bank they've been helping keywus achieve that dream for one

843
00:40:56,120 --> 00:40:58,360
Speaker 2: hundred and fifty six glorious years and SBS are so

844
00:40:58,440 --> 00:41:00,440
Speaker 2: good at it, they've won awards. Of course, the purpose

845
00:41:00,880 --> 00:41:04,120
Speaker 2: very very simple, helping Kiwis find a place to call home.

846
00:41:04,239 --> 00:41:05,759
Speaker 2: So what makes them so good at this, Well, it's

847
00:41:05,760 --> 00:41:10,360
Speaker 2: their product, the SBS First Home Combo. It's got some

848
00:41:10,480 --> 00:41:14,160
Speaker 2: impressive inclusions. A heavily discounted interest rate, got a cash

849
00:41:14,200 --> 00:41:16,960
Speaker 2: back offer, contribution towards SBS insurance home policies. You've got

850
00:41:17,000 --> 00:41:19,719
Speaker 2: money back into an SBS Wealth's Kiwi Saver, a lot

851
00:41:19,800 --> 00:41:21,880
Speaker 2: of savings for the first home buyer, and if you're

852
00:41:21,880 --> 00:41:23,640
Speaker 2: looking to buy your first home, or indeed you've got

853
00:41:23,680 --> 00:41:25,520
Speaker 2: first home buyers in your life, whether it's your kids

854
00:41:25,640 --> 00:41:28,359
Speaker 2: or the grandkids, SBS bank should be your first bolt

855
00:41:28,400 --> 00:41:32,239
Speaker 2: of court because first home lending and eligibility criteria apply

856
00:41:32,320 --> 00:41:34,040
Speaker 2: for all of this. Of course, so for all you

857
00:41:34,200 --> 00:41:37,040
Speaker 2: need to know about SBS Bank's terms, fees and charges,

858
00:41:37,239 --> 00:41:40,239
Speaker 2: go to the website ready to follow those awards to

859
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Speaker 2: a great home line, simple as that searching up SBS bank,

860
00:41:43,520 --> 00:41:46,920
Speaker 2: or indeed talk to your mortgage broker about SBS first

861
00:41:47,160 --> 00:41:50,680
Speaker 2: Home combo asking twenty four. Now, I tell you what.

862
00:41:50,680 --> 00:41:52,800
Speaker 2: It's always a good question to ask when the headlines

863
00:41:52,840 --> 00:41:55,839
Speaker 2: tell you of trouble in retail, is the same broad

864
00:41:55,920 --> 00:41:59,560
Speaker 2: based problem or a specific one? So Starbucks, if you

865
00:41:59,600 --> 00:42:02,200
Speaker 2: follow in national news, Starbucks are selling their China operation

866
00:42:02,239 --> 00:42:04,759
Speaker 2: because they couldn't crack China model didn't work. Pizza Hut

867
00:42:05,200 --> 00:42:08,040
Speaker 2: in America looking at selling. Not because Americans don't eat pizza,

868
00:42:08,080 --> 00:42:10,279
Speaker 2: of course, they just don't like Pizza Hut pizza. So

869
00:42:10,640 --> 00:42:14,640
Speaker 2: why are Valentine's the last great department store in New Zealand?

870
00:42:14,640 --> 00:42:16,879
Speaker 2: As The Herald told me yesterday, Why are they laying

871
00:42:16,920 --> 00:42:20,719
Speaker 2: off staff because of their quote severe recession. See I

872
00:42:20,800 --> 00:42:24,120
Speaker 2: love Valentine's Everyone from Christchurch love Valentine Morning teas and

873
00:42:24,160 --> 00:42:26,720
Speaker 2: grandparents and the Christmas display in them, all the exotic

874
00:42:26,760 --> 00:42:29,560
Speaker 2: stuff other people didn't stock. That's my childhood. Smith and

875
00:42:29,640 --> 00:42:32,160
Speaker 2: Coe were Auckland's landmark disaster. Of course they blamed it

876
00:42:32,280 --> 00:42:34,759
Speaker 2: on downtown. But could it have been the product as well?

877
00:42:34,840 --> 00:42:36,960
Speaker 2: Could it have been the model Kirk's in the capitol

878
00:42:37,000 --> 00:42:39,560
Speaker 2: when ages ago? Could it be Wellington? That myriad of

879
00:42:39,640 --> 00:42:42,680
Speaker 2: economic woes in Wellington? Or was it the model? See

880
00:42:42,719 --> 00:42:44,719
Speaker 2: I'm in christyuch. I mean you can't. If you can't

881
00:42:44,719 --> 00:42:46,799
Speaker 2: make a go of it in christ Church boom town,

882
00:42:47,239 --> 00:42:49,960
Speaker 2: then who can? And isn't that is the crux of

883
00:42:50,000 --> 00:42:52,880
Speaker 2: the question, isn't it? Christ Church is booming? People are arriving,

884
00:42:53,000 --> 00:42:56,040
Speaker 2: But are they in Roliston and therefore not in cashual

885
00:42:56,120 --> 00:42:58,279
Speaker 2: Mall and in that distribution of the population. Is that

886
00:42:58,400 --> 00:42:59,919
Speaker 2: part of the answer too? Still?

887
00:43:00,200 --> 00:43:00,560
Speaker 3: Sports?

888
00:43:00,600 --> 00:43:02,760
Speaker 2: I noticed just this week gone Bealley up in Christy

889
00:43:02,840 --> 00:43:04,719
Speaker 2: to one at the Palms, one at Northland's what's going on?

890
00:43:05,400 --> 00:43:07,120
Speaker 2: These are the questions we need to ask, and we

891
00:43:07,200 --> 00:43:09,480
Speaker 2: need to dig a bit deeper than the one overlightly

892
00:43:09,560 --> 00:43:11,960
Speaker 2: headlines that pervade modern coverage of the econmote spending on

893
00:43:12,040 --> 00:43:15,520
Speaker 2: hospows up, but hospow according to Hospbow's struggling, how can

894
00:43:15,560 --> 00:43:19,160
Speaker 2: both be true? The answer is in the detail. I

895
00:43:19,200 --> 00:43:21,160
Speaker 2: wish Valentine's all the best. I mean, I hope if

896
00:43:21,200 --> 00:43:23,400
Speaker 2: it is a deep recession they come out of it.

897
00:43:23,480 --> 00:43:25,919
Speaker 2: But equally, I hope they're asking what is it they're

898
00:43:25,960 --> 00:43:29,080
Speaker 2: doing that Maybe the modern consumer isn't buying anymore? Is

899
00:43:29,120 --> 00:43:32,359
Speaker 2: their service top notch? Is it still an occasion to visit?

900
00:43:32,800 --> 00:43:36,719
Speaker 2: Is stock still surprising in its breadth and quality? For

901
00:43:36,800 --> 00:43:38,839
Speaker 2: those who say department stores are dead, I have been

902
00:43:38,880 --> 00:43:42,480
Speaker 2: to Selfridges and Harrods and Neman Marcus and burgd Off Goodman,

903
00:43:42,920 --> 00:43:46,359
Speaker 2: do it right, you're booming. We all ride the economic wave.

904
00:43:46,440 --> 00:43:50,719
Speaker 2: But too often the economy is too easy as an

905
00:43:50,760 --> 00:43:55,680
Speaker 2: excuse to use asking thoroughly enjoyable afternoon. Call me weird,

906
00:43:55,760 --> 00:43:58,680
Speaker 2: but I enjoyed the voting yesterday. Nothing happened to the voting.

907
00:43:58,719 --> 00:44:00,839
Speaker 2: But just by the way, if you're a peripheral view

908
00:44:00,880 --> 00:44:03,520
Speaker 2: of the American situation, it was outside the norm. D

909
00:44:03,640 --> 00:44:06,880
Speaker 2: gitterary guy, I mean in New Jersey. Could he have

910
00:44:06,920 --> 00:44:09,520
Speaker 2: done better. Maybe did he do not as well because

911
00:44:09,560 --> 00:44:12,919
Speaker 2: of Trump, because of the times? Probably, But in terms

912
00:44:12,960 --> 00:44:15,399
Speaker 2: of red flags for the Republicans, nothing, There was nothing

913
00:44:15,440 --> 00:44:17,799
Speaker 2: alarming there. There was nothing on the ballot that you thought, Jesu,

914
00:44:17,840 --> 00:44:21,520
Speaker 2: this better go well for Trump. As far as interesting style,

915
00:44:21,520 --> 00:44:22,640
Speaker 2: I don't know if it's true. And this is why

916
00:44:22,680 --> 00:44:24,480
Speaker 2: we got Henry Olsen on just a couple of moments.

917
00:44:24,760 --> 00:44:28,680
Speaker 2: Somebody was suggesting yesterday two things, two main points of discussion. One,

918
00:44:29,200 --> 00:44:32,360
Speaker 2: the Poles appeared to be wrong. Yes, the result was

919
00:44:32,480 --> 00:44:36,520
Speaker 2: as expected or results were as expected, but the Poles

920
00:44:36,560 --> 00:44:40,160
Speaker 2: seemed to misread the size of the results. Second was

921
00:44:40,360 --> 00:44:45,200
Speaker 2: in Virginia Washington. Historically speaking, when the government has closed down,

922
00:44:45,280 --> 00:44:47,680
Speaker 2: it's always in voter's minds the Republican's fault. Now I

923
00:44:47,719 --> 00:44:51,480
Speaker 2: didn't know that. It's not a statistic or anything. It's

924
00:44:51,600 --> 00:44:55,719
Speaker 2: just that people blame Republicans when the government has shut down,

925
00:44:56,120 --> 00:44:58,160
Speaker 2: no matter who's at fault. And that's why you got

926
00:44:58,200 --> 00:45:01,520
Speaker 2: the result in Virginia that you got yesterday. I reckon

927
00:45:01,560 --> 00:45:04,480
Speaker 2: the highlight of the day for me was Newsom's speech

928
00:45:05,560 --> 00:45:07,560
Speaker 2: because he laid it on big time. They had Prop

929
00:45:07,640 --> 00:45:10,399
Speaker 2: fifty in California. They got up. But if you want

930
00:45:10,440 --> 00:45:12,680
Speaker 2: to know if Newsom is running in twenty twenty eight,

931
00:45:13,120 --> 00:45:15,960
Speaker 2: look at his speech yesterday. The answer is a great,

932
00:45:16,200 --> 00:45:20,919
Speaker 2: big fat yes. Henry Olsen Polster after the News, which

933
00:45:21,000 --> 00:45:22,680
Speaker 2: is next near a news talk s head.

934
00:45:22,560 --> 00:45:29,799
Speaker 1: Beat, credible, compelling, the breakfast show you can't bess it's

935
00:45:29,880 --> 00:45:33,879
Speaker 1: the Mic Hosking Breakfast with a Vita, Retirement, Communities, Life

936
00:45:34,120 --> 00:45:36,240
Speaker 1: Your Way, news talks, head blent.

937
00:45:36,280 --> 00:45:38,520
Speaker 2: The Untold Stories of j Cindra DNA book is out.

938
00:45:38,760 --> 00:45:40,560
Speaker 2: He's with us up write a clock meantime at twenty

939
00:45:40,600 --> 00:45:43,080
Speaker 2: three minutes so away from Made America was voting yesterday.

940
00:45:43,120 --> 00:45:46,000
Speaker 2: It turned out pretty much as expected, given natorial races

941
00:45:46,000 --> 00:45:48,279
Speaker 2: in New Jersey and Virginia went to the Dems. New

942
00:45:48,400 --> 00:45:49,439
Speaker 2: York Gottman Army.

943
00:45:49,600 --> 00:45:53,279
Speaker 18: Throughout this campaign, I've worked hard to be accessible and

944
00:45:53,400 --> 00:45:57,080
Speaker 18: transparent with New Yorkers. That same spirit will animate this

945
00:45:57,200 --> 00:46:00,880
Speaker 18: transition and the city Hall we built because New Yorkers

946
00:46:00,920 --> 00:46:02,800
Speaker 18: deserve a government that they can trust.

947
00:46:03,960 --> 00:46:07,080
Speaker 2: Prop fifty gone up in California, Pennsylvania Supreme Court sum

948
00:46:07,080 --> 00:46:09,919
Speaker 2: into the five to two Democratic majority. So what's Trump

949
00:46:10,000 --> 00:46:10,480
Speaker 2: think of it all?

950
00:46:10,640 --> 00:46:13,680
Speaker 3: The shutdown was a big factor negative of the Republicans.

951
00:46:14,719 --> 00:46:16,640
Speaker 5: That was a big factor. And did they say that

952
00:46:16,760 --> 00:46:19,080
Speaker 5: I wasn't in the ballot it was the biggest factor.

953
00:46:20,280 --> 00:46:22,400
Speaker 5: I don't know about that, but I was honored that

954
00:46:22,600 --> 00:46:23,040
Speaker 5: they said that.

955
00:46:23,360 --> 00:46:26,799
Speaker 2: Yeah, no, no, anyway, Pulse to Henry Els inspect, well,

956
00:46:26,840 --> 00:46:30,160
Speaker 2: this is Henry morning to you, after morning to you.

957
00:46:30,440 --> 00:46:32,520
Speaker 2: What do we read into it? I mean, the results

958
00:46:32,600 --> 00:46:35,000
Speaker 2: came in pretty much as they were expected to come in,

959
00:46:35,040 --> 00:46:36,440
Speaker 2: and so did it tell us anything?

960
00:46:37,480 --> 00:46:39,360
Speaker 19: I think it did tell us something because while the

961
00:46:39,440 --> 00:46:43,960
Speaker 19: victors weren't surprising, the margins were that no Pole had

962
00:46:44,000 --> 00:46:47,440
Speaker 19: the Democrat winning New Jersey's governor raised by thirteen points.

963
00:46:48,280 --> 00:46:51,800
Speaker 19: The Democratic margin in Virginia was much larger than expected,

964
00:46:52,239 --> 00:46:54,960
Speaker 19: and it carried down down ballot that lots of Republican

965
00:46:55,040 --> 00:46:58,960
Speaker 19: legislatures legislators lost their seats as well. So I think

966
00:46:59,000 --> 00:47:02,960
Speaker 19: what it shows is that there is a wish that

967
00:47:03,080 --> 00:47:06,040
Speaker 19: Donald Trump would spend more time on domestic issues and

968
00:47:06,239 --> 00:47:08,200
Speaker 19: that they were hoping that the economy would get better

969
00:47:08,640 --> 00:47:11,600
Speaker 19: and if Trump can pay attention to that, perhaps next

970
00:47:11,680 --> 00:47:12,920
Speaker 19: year will be better for the GOP.

971
00:47:13,920 --> 00:47:16,800
Speaker 2: Lot of chat about the polls. Were the polls a problem?

972
00:47:16,880 --> 00:47:18,279
Speaker 2: Did the polls misread it?

973
00:47:20,000 --> 00:47:24,520
Speaker 19: I think the polls will misread it. I think that

974
00:47:25,160 --> 00:47:27,439
Speaker 19: there was a problem in the United States is trying

975
00:47:27,480 --> 00:47:30,160
Speaker 19: to figure out who's going to vote in lower turnout

976
00:47:30,160 --> 00:47:33,680
Speaker 19: elections as opposed to presidential elections, and a lot of

977
00:47:33,719 --> 00:47:36,960
Speaker 19: the problems in the polls were because they misunderstood how

978
00:47:37,080 --> 00:47:39,000
Speaker 19: many Democrats would come out devote. The fact is the

979
00:47:39,080 --> 00:47:42,520
Speaker 19: electorate was much more democratic than the polls had expected,

980
00:47:42,600 --> 00:47:46,000
Speaker 19: and that was a big reason why they underestimated democratic

981
00:47:46,080 --> 00:47:46,680
Speaker 19: victoric margin.

982
00:47:46,800 --> 00:47:51,040
Speaker 2: I also heard reported saying that historically speaking, when the

983
00:47:51,080 --> 00:47:53,560
Speaker 2: government has closed down, especially in a place like Virginia,

984
00:47:53,719 --> 00:47:56,600
Speaker 2: when the government has closed down, it is always blamed

985
00:47:56,719 --> 00:47:59,520
Speaker 2: on the Republicans, rightly or wrongly. Is that true?

986
00:48:00,960 --> 00:48:04,239
Speaker 19: It usually is blamed on the Republicans because they're viewed

987
00:48:04,280 --> 00:48:07,080
Speaker 19: as the anti government party. Polling had shown before the

988
00:48:07,160 --> 00:48:09,360
Speaker 19: last week or so that it was much less so

989
00:48:09,600 --> 00:48:13,320
Speaker 19: this time, but I think it's hard to avoid that conclusion.

990
00:48:13,360 --> 00:48:15,000
Speaker 19: One of the things that happened in the last week

991
00:48:15,040 --> 00:48:18,640
Speaker 19: before elections is people were talking about the shutdown affecting

992
00:48:19,080 --> 00:48:22,080
Speaker 19: forty two million people who get food benefits from the

993
00:48:22,200 --> 00:48:25,920
Speaker 19: United States. People were having their airplanes disrupted because there

994
00:48:25,960 --> 00:48:28,440
Speaker 19: weren't enough air traffic controllers to put them up in

995
00:48:28,480 --> 00:48:30,640
Speaker 19: the sky, and it meant that it was beginning to

996
00:48:30,719 --> 00:48:34,040
Speaker 19: affect real people in their real lives, not just an

997
00:48:34,040 --> 00:48:37,680
Speaker 19: abstract thing. And that always hurts the party that doesn't

998
00:48:37,800 --> 00:48:38,719
Speaker 19: like the government as much.

999
00:48:38,920 --> 00:48:42,200
Speaker 2: What do the Democrats do about mndoni I meant Schumer

1000
00:48:42,239 --> 00:48:45,560
Speaker 2: and Kiy no one loved them. Is he trouble or

1001
00:48:45,680 --> 00:48:47,600
Speaker 2: is he the nonsense to the Democrats problem?

1002
00:48:48,960 --> 00:48:51,560
Speaker 19: He's probably not the answer to the Democrats problem that

1003
00:48:51,680 --> 00:48:54,960
Speaker 19: the people who led the landslides and more moderate states

1004
00:48:55,719 --> 00:48:59,560
Speaker 19: are more moderate Democrats. He won a very democratic city

1005
00:48:59,760 --> 00:49:02,360
Speaker 19: with barely a majority of the vote. It's really a

1006
00:49:02,480 --> 00:49:04,480
Speaker 19: question of how he's going to govern. If he governs

1007
00:49:04,560 --> 00:49:09,040
Speaker 19: as a pragmatic left leaning politician, he'll be less of

1008
00:49:09,080 --> 00:49:11,600
Speaker 19: a problem. If he comes out of the box and

1009
00:49:12,080 --> 00:49:15,799
Speaker 19: is somebody who seems to be grabbing for more than

1010
00:49:16,000 --> 00:49:19,080
Speaker 19: he ought to be getting, pushing too ideological agenda, that

1011
00:49:19,160 --> 00:49:21,279
Speaker 19: could be a real problem, but real depends on what

1012
00:49:21,400 --> 00:49:23,760
Speaker 19: mom Donnie does once he takes office.

1013
00:49:24,080 --> 00:49:27,120
Speaker 2: The prop thing Prop fifty in California, we've seen Texas

1014
00:49:27,200 --> 00:49:30,400
Speaker 2: and things. Is just America going to rewrite itself silly?

1015
00:49:30,680 --> 00:49:32,400
Speaker 2: Between now and twenty.

1016
00:49:32,200 --> 00:49:36,960
Speaker 19: Six Unfortunately a number of states will. We've got more

1017
00:49:37,040 --> 00:49:41,120
Speaker 19: states that are trying to redistrict Virginia. The Democrats are

1018
00:49:41,320 --> 00:49:43,560
Speaker 19: trying to do that to offset some of what's going

1019
00:49:43,600 --> 00:49:46,239
Speaker 19: on in these states. So I think at least three,

1020
00:49:46,400 --> 00:49:49,360
Speaker 19: maybe as many as ten more states will redraw their lines.

1021
00:49:49,960 --> 00:49:52,080
Speaker 19: And it is crazy. We haven't had this happen in

1022
00:49:52,120 --> 00:49:53,080
Speaker 19: well over one hundred years.

1023
00:49:53,160 --> 00:49:55,160
Speaker 2: Yeah, they said the economy played upot. I can't get

1024
00:49:55,160 --> 00:49:57,920
Speaker 2: a read on the economy, Henry. I mean, I read

1025
00:49:57,960 --> 00:49:59,600
Speaker 2: a lot about what they talk about the k shape.

1026
00:49:59,640 --> 00:50:01,799
Speaker 2: In other ways, if you've got big jobs and big money,

1027
00:50:01,840 --> 00:50:04,680
Speaker 2: you're laughing. If you haven't your own food stamps, you

1028
00:50:04,760 --> 00:50:08,600
Speaker 2: got trouble. What's the state of the American economy in

1029
00:50:08,800 --> 00:50:12,080
Speaker 2: people's minds, and how does that affect the abut I.

1030
00:50:12,120 --> 00:50:15,239
Speaker 19: Think for people in the lower third, they the data

1031
00:50:15,320 --> 00:50:17,680
Speaker 19: show that they have still not recovered their standard of

1032
00:50:17,760 --> 00:50:20,680
Speaker 19: living that they had before President Biden took office. I

1033
00:50:20,719 --> 00:50:24,440
Speaker 19: think they expected a return to the fast increases in

1034
00:50:24,520 --> 00:50:26,880
Speaker 19: real wages that they had in Trump. They're not getting it,

1035
00:50:26,960 --> 00:50:30,160
Speaker 19: and I think they're frustrated. For the middle it's a

1036
00:50:30,239 --> 00:50:34,280
Speaker 19: worrying time. You're generally secure, you're keeping ahead with inflation,

1037
00:50:34,400 --> 00:50:36,560
Speaker 19: but you're not really gaining very much. So I think

1038
00:50:36,960 --> 00:50:39,960
Speaker 19: for the economy it's not bad for most people, but

1039
00:50:40,040 --> 00:50:42,560
Speaker 19: it's not good for most people either. And it's that

1040
00:50:42,719 --> 00:50:45,520
Speaker 19: luke warmness when people thought Trump would be better that

1041
00:50:45,800 --> 00:50:47,040
Speaker 19: is disappointing them a lot.

1042
00:50:47,320 --> 00:50:50,279
Speaker 2: If you were a Republican strategist sitting here right now

1043
00:50:50,360 --> 00:50:53,040
Speaker 2: this night, member morning, would you be freaking out about

1044
00:50:53,080 --> 00:50:55,080
Speaker 2: twenty six or not right now?

1045
00:50:56,120 --> 00:50:58,440
Speaker 19: A freaking out is too strong of word, but the

1046
00:50:58,520 --> 00:51:01,400
Speaker 19: fact is they got slapped up side the head. The

1047
00:51:01,520 --> 00:51:05,440
Speaker 19: president's job approval rating nationally is at forty four percent.

1048
00:51:05,560 --> 00:51:07,839
Speaker 19: That's too low to have any chance of folding the house.

1049
00:51:07,920 --> 00:51:10,920
Speaker 19: Regardless of how many lines you redraw. What you've got

1050
00:51:11,000 --> 00:51:13,239
Speaker 19: to do is make some mid course adjustments. This is

1051
00:51:14,040 --> 00:51:16,839
Speaker 19: like halftime at a rugby match or a football game.

1052
00:51:17,239 --> 00:51:20,000
Speaker 19: A good coach figures out if they're team's behind, where

1053
00:51:20,000 --> 00:51:21,279
Speaker 19: they have to do different, and you've gone in the

1054
00:51:21,320 --> 00:51:24,120
Speaker 19: second half. Plenty of times we've seen games of two

1055
00:51:24,280 --> 00:51:27,080
Speaker 19: completely different halves. Could very well be that twenty six

1056
00:51:27,200 --> 00:51:30,359
Speaker 19: is different from twenty five. If it's not, they're going

1057
00:51:30,400 --> 00:51:32,560
Speaker 19: to depend on democratic screw ups to help them. And

1058
00:51:32,640 --> 00:51:34,600
Speaker 19: I'm not sure, it's a good idea to expect your

1059
00:51:34,680 --> 00:51:35,120
Speaker 19: enemy to go.

1060
00:51:35,560 --> 00:51:38,719
Speaker 2: I watch it. I watch Kevin you some speech. Is

1061
00:51:38,760 --> 00:51:41,000
Speaker 2: he good for twenty eight And if he is, does

1062
00:51:41,040 --> 00:51:42,200
Speaker 2: he play well nationally?

1063
00:51:43,080 --> 00:51:43,239
Speaker 3: Wait?

1064
00:51:43,520 --> 00:51:47,720
Speaker 19: Gavin Newsom is very quickly becoming the favorite for the Democrat.

1065
00:51:47,800 --> 00:51:51,239
Speaker 19: I think he is playing his party very well. But

1066
00:51:51,320 --> 00:51:53,680
Speaker 19: the fact is he will have a California to defend.

1067
00:51:53,760 --> 00:51:58,480
Speaker 19: The California that is high tax, high regulation, often places

1068
00:51:58,680 --> 00:52:01,799
Speaker 19: high crime. And he is culturally to the left of Americans,

1069
00:52:02,400 --> 00:52:05,160
Speaker 19: and stylistically he's very smooth on TV. But he's not

1070
00:52:05,280 --> 00:52:08,200
Speaker 19: the sort of person who dresses, talks, and acts the

1071
00:52:08,239 --> 00:52:11,000
Speaker 19: way a family making fifty five thousand dollars a year

1072
00:52:11,040 --> 00:52:13,080
Speaker 19: in a small town does. And that's the swing voter

1073
00:52:13,440 --> 00:52:16,680
Speaker 19: in a lot of these states, so to be seen.

1074
00:52:16,920 --> 00:52:18,759
Speaker 19: But he's definitely the Democratic front runner.

1075
00:52:18,800 --> 00:52:20,359
Speaker 2: Now, I don't know whether you I mean, I'm sure

1076
00:52:20,360 --> 00:52:22,239
Speaker 2: you're interested in doing what you view? Is this this

1077
00:52:22,560 --> 00:52:25,359
Speaker 2: Scouts thing today? The Supreme Court and the tariffs, has

1078
00:52:25,440 --> 00:52:27,319
Speaker 2: that got the potential to blow up in the Trump

1079
00:52:27,320 --> 00:52:28,600
Speaker 2: administration's face or not?

1080
00:52:29,920 --> 00:52:30,080
Speaker 5: Well?

1081
00:52:30,160 --> 00:52:33,120
Speaker 19: I have always expected that the Supreme Court would rule

1082
00:52:33,200 --> 00:52:36,640
Speaker 19: the tariffs to be an unconstitutional exercise of power to

1083
00:52:36,760 --> 00:52:39,440
Speaker 19: me the questions. If they don't do that, I'll be

1084
00:52:39,480 --> 00:52:42,040
Speaker 19: shocked if it would be a constitutional sea change in

1085
00:52:42,120 --> 00:52:44,880
Speaker 19: the way American government works. And then the question is

1086
00:52:44,920 --> 00:52:45,840
Speaker 19: how does Trump respond?

1087
00:52:46,120 --> 00:52:46,920
Speaker 5: And he could very well.

1088
00:52:46,960 --> 00:52:48,160
Speaker 19: Below the response.

1089
00:52:48,480 --> 00:52:50,920
Speaker 2: Lauran us talk to Henry. Always a pleasure. Henry Elsome

1090
00:52:50,920 --> 00:52:52,439
Speaker 2: American Pulse to sixteen to two.

1091
00:52:53,600 --> 00:52:58,040
Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio powered

1092
00:52:58,080 --> 00:52:58,799
Speaker 1: by News Talks.

1093
00:52:58,840 --> 00:53:02,239
Speaker 2: It'd be speaking what's thirteen away from eight? I'll come

1094
00:53:02,280 --> 00:53:04,080
Speaker 2: back to be since argument about what they're going to

1095
00:53:04,120 --> 00:53:05,839
Speaker 2: do if they lose at the Supreme Court, which I mean,

1096
00:53:05,920 --> 00:53:08,200
Speaker 2: Henry's right, they are going to lose, So how they

1097
00:53:08,280 --> 00:53:10,400
Speaker 2: handle it's going to be the interesting part of it. Anyway,

1098
00:53:10,440 --> 00:53:12,680
Speaker 2: as we speak, this is live Trump's in Miami.

1099
00:53:12,719 --> 00:53:16,440
Speaker 17: November fifth, twenty twenty four. The American people reclaimed our government.

1100
00:53:16,680 --> 00:53:20,080
Speaker 17: We restored our sovereignty. We lost a little bit of

1101
00:53:20,120 --> 00:53:23,160
Speaker 17: sovereignty last night in New York, but we'll.

1102
00:53:23,040 --> 00:53:23,600
Speaker 13: Take care of it.

1103
00:53:23,640 --> 00:53:28,160
Speaker 17: Don't worry about it. We rescued our economy, regained our liberty,

1104
00:53:28,200 --> 00:53:34,399
Speaker 17: and together we saved our country. On that magnificent night

1105
00:53:35,840 --> 00:53:36,799
Speaker 17: three hundred.

1106
00:53:36,520 --> 00:53:41,040
Speaker 2: And sixty five days ago. Pauline Hanson. I note was

1107
00:53:41,080 --> 00:53:43,399
Speaker 2: at Marilaga the other day for the Halloween party twenty

1108
00:53:43,440 --> 00:53:45,239
Speaker 2: five thousand dollars ahead. I don't think she paid twenty

1109
00:53:45,280 --> 00:53:47,160
Speaker 2: five thousand dollars to be here. Gina ryan Hart was

1110
00:53:47,200 --> 00:53:49,480
Speaker 2: there as well, but Gina Hinehart's always there. But Pauline

1111
00:53:49,520 --> 00:53:51,960
Speaker 2: Hanson was an interesting thing. She's on the move in Australia. Anyway,

1112
00:53:52,000 --> 00:53:55,360
Speaker 2: back to the business of there wasn't even interesting that speech.

1113
00:53:55,360 --> 00:53:57,000
Speaker 2: He's got to get a new speech, doesn't em He

1114
00:53:57,040 --> 00:53:59,759
Speaker 2: says the same thing every time. I mean fresh and

1115
00:53:59,800 --> 00:54:04,240
Speaker 2: new material, mate. So what are the authorities that Besin's

1116
00:54:04,280 --> 00:54:06,359
Speaker 2: looking at? Section two three to two of the Trade

1117
00:54:06,400 --> 00:54:10,280
Speaker 2: Expansion Act of nineteen sixty two justification on the grounds

1118
00:54:10,280 --> 00:54:12,960
Speaker 2: of national security. Section three zero one of the Trade

1119
00:54:12,960 --> 00:54:16,719
Speaker 2: Act of nineteen seventy four regulates unfair trading practices, would

1120
00:54:16,800 --> 00:54:20,319
Speaker 2: limit the president's ability under emergency grounds. So they went

1121
00:54:20,520 --> 00:54:23,359
Speaker 2: the way they thought they could to try and get

1122
00:54:23,400 --> 00:54:25,799
Speaker 2: away with it. But this is the one of all

1123
00:54:25,880 --> 00:54:28,040
Speaker 2: the court cases of which there are been dozens now

1124
00:54:28,760 --> 00:54:31,440
Speaker 2: and he, broadly speaking, by the time he gets to

1125
00:54:31,560 --> 00:54:35,960
Speaker 2: Scotus wins. But on this I'm almost certain he's going

1126
00:54:36,040 --> 00:54:39,920
Speaker 2: to lose because he's arguing an emergency and trade is

1127
00:54:40,000 --> 00:54:43,440
Speaker 2: not an emergency. It's never been an emergency. And trade

1128
00:54:43,440 --> 00:54:45,960
Speaker 2: has been going on with tariffs back and forward, up

1129
00:54:46,000 --> 00:54:48,920
Speaker 2: and down, left and right pretty much since trade started

1130
00:54:49,000 --> 00:54:52,319
Speaker 2: hundreds of years ago, and so on. That he's going

1131
00:54:52,400 --> 00:54:54,960
Speaker 2: to fail, I think, And when he does, they're going

1132
00:54:55,000 --> 00:54:57,759
Speaker 2: to have to introduce things like well best it's right

1133
00:54:57,840 --> 00:55:01,120
Speaker 2: those but it'll be interesting to see where go and

1134
00:55:01,239 --> 00:55:03,480
Speaker 2: what it means globally economically. The other thing I don't

1135
00:55:03,520 --> 00:55:04,880
Speaker 2: have time for. That I will get to at some

1136
00:55:04,960 --> 00:55:06,359
Speaker 2: point if you want to do a bit of reading

1137
00:55:06,400 --> 00:55:09,400
Speaker 2: about It depends what they call it, private banking, shadow banking,

1138
00:55:10,000 --> 00:55:13,400
Speaker 2: secondary banking, the bubble. At the moment, a lot of

1139
00:55:13,440 --> 00:55:16,040
Speaker 2: people in the private sector have got into lending money,

1140
00:55:17,040 --> 00:55:20,399
Speaker 2: and that's the thing. If anything's going to blow, it's

1141
00:55:20,480 --> 00:55:23,680
Speaker 2: going to be that. And how it blows and when

1142
00:55:23,760 --> 00:55:26,160
Speaker 2: it blows and how badly it blows is the key

1143
00:55:26,239 --> 00:55:28,480
Speaker 2: to all of this. And this is AI, it's the market,

1144
00:55:28,640 --> 00:55:30,879
Speaker 2: it's gold, it's everything that's going on at the moment.

1145
00:55:30,960 --> 00:55:32,400
Speaker 2: So a lot of people have gone and borrowed a

1146
00:55:32,440 --> 00:55:35,880
Speaker 2: tremendous amount of money. Now if they've cashed up a

1147
00:55:35,920 --> 00:55:38,279
Speaker 2: little bit in their cash rich, they might be able

1148
00:55:38,320 --> 00:55:40,000
Speaker 2: to pay back some of the debt, but some of

1149
00:55:40,040 --> 00:55:42,160
Speaker 2: the people who have been doing the lending are going

1150
00:55:42,239 --> 00:55:45,839
Speaker 2: to take a bath. And that's the next big story economically.

1151
00:55:45,960 --> 00:55:47,879
Speaker 2: The FED was involved the other day to the tune

1152
00:55:47,920 --> 00:55:50,880
Speaker 2: of fifty billion that they had to throw into the

1153
00:55:51,000 --> 00:55:54,200
Speaker 2: pot in the because liquidity or equity became an issue

1154
00:55:54,600 --> 00:55:57,080
Speaker 2: in the American banking system last week. None of this

1155
00:55:57,239 --> 00:55:59,480
Speaker 2: is reported in this country, of course, but last week

1156
00:55:59,640 --> 00:56:02,320
Speaker 2: in the the banking system in America, it got stuck

1157
00:56:02,560 --> 00:56:07,080
Speaker 2: momentarily and they needed cash. And all of this is culminating,

1158
00:56:07,200 --> 00:56:11,120
Speaker 2: building up into a thing that will unfold. I don't

1159
00:56:11,160 --> 00:56:13,000
Speaker 2: know when. Could be days, could be weeks, could be months,

1160
00:56:13,080 --> 00:56:15,960
Speaker 2: but it is going to happen. So mark mark this space.

1161
00:56:16,440 --> 00:56:17,399
Speaker 2: Nine minutes away from.

1162
00:56:17,320 --> 00:56:22,480
Speaker 1: It the Mike Hosking breakfast with al Vida, Retirement Communities News,

1163
00:56:22,520 --> 00:56:23,400
Speaker 1: Tom Stead be l.

1164
00:56:23,560 --> 00:56:25,560
Speaker 2: Seven away from ete sick leave. Would it surprised you

1165
00:56:25,640 --> 00:56:28,480
Speaker 2: to learn averages now six point seven days per employee

1166
00:56:28,520 --> 00:56:30,239
Speaker 2: per year. Couple of years ago it was just five

1167
00:56:30,280 --> 00:56:33,680
Speaker 2: point five. It's costing US four point two billion dollars

1168
00:56:33,719 --> 00:56:36,319
Speaker 2: a year. Catherine Richard's business New Zealand's Boston is with us.

1169
00:56:36,360 --> 00:56:38,960
Speaker 2: Good morning, Good morning. So when we deal with these numbers,

1170
00:56:39,040 --> 00:56:40,680
Speaker 2: are they sick or are they slack?

1171
00:56:42,440 --> 00:56:45,960
Speaker 11: It's possibly a combination. There are many drivers for absence,

1172
00:56:46,719 --> 00:56:49,880
Speaker 11: non work related illness, caring for a family member. But

1173
00:56:50,200 --> 00:56:53,759
Speaker 11: employers did report that some people are taking paid leave

1174
00:56:54,320 --> 00:56:57,919
Speaker 11: when they're suspected for not being actually unwell. But that's

1175
00:56:58,400 --> 00:57:01,480
Speaker 11: always been the case when we've had humans in the mix.

1176
00:57:01,800 --> 00:57:03,800
Speaker 2: Yeah, is it part of a malaise in this country?

1177
00:57:03,880 --> 00:57:05,399
Speaker 2: If we're all in a bit of a funky you're

1178
00:57:05,440 --> 00:57:07,440
Speaker 2: more likely to go. You know, I can't be bothered,

1179
00:57:07,560 --> 00:57:08,760
Speaker 2: especially given it's a Monday.

1180
00:57:10,280 --> 00:57:12,880
Speaker 11: The combination there certainly has been a change in the

1181
00:57:13,000 --> 00:57:17,520
Speaker 11: workplace culture, and in some cases employees are doing exactly

1182
00:57:17,600 --> 00:57:19,840
Speaker 11: what they've been told to do. If you're unwell, don't

1183
00:57:19,880 --> 00:57:22,280
Speaker 11: come to work and splutter it all over your colleagues.

1184
00:57:23,480 --> 00:57:26,760
Speaker 11: But certainly with their rise and leave entitlements, we do

1185
00:57:26,960 --> 00:57:30,760
Speaker 11: think that it's reflected in the jump in the average

1186
00:57:31,400 --> 00:57:35,439
Speaker 11: absence of six point seven days per employee per year,

1187
00:57:35,560 --> 00:57:38,960
Speaker 11: and that's a big jump since twenty twelve when it

1188
00:57:39,040 --> 00:57:42,120
Speaker 11: was about four point two. That has a material impact

1189
00:57:42,280 --> 00:57:45,240
Speaker 11: on the economy and of course productivity of not just

1190
00:57:45,400 --> 00:57:46,800
Speaker 11: businesses but the whole economy.

1191
00:57:47,000 --> 00:57:50,520
Speaker 2: Did the five to ten days sickly by law cause

1192
00:57:50,560 --> 00:57:51,000
Speaker 2: a problem.

1193
00:57:52,840 --> 00:57:57,720
Speaker 11: It's meant that in some cases the extra days are

1194
00:57:57,800 --> 00:58:02,600
Speaker 11: meeting the needs of workers because particularly with an aging

1195
00:58:02,720 --> 00:58:07,560
Speaker 11: population and caring for dependent family members, people have been

1196
00:58:07,600 --> 00:58:12,040
Speaker 11: able to take leave for that. But it's certainly has

1197
00:58:12,200 --> 00:58:16,200
Speaker 11: contributed to an increase in the average amount of leave taken.

1198
00:58:17,000 --> 00:58:21,840
Speaker 11: But post COVID people really think about their wellness and

1199
00:58:21,960 --> 00:58:25,240
Speaker 11: they're less likely to soldier on the culdurl AD. They're

1200
00:58:25,280 --> 00:58:27,240
Speaker 11: more likely to think, am I going to be productive?

1201
00:58:27,400 --> 00:58:28,720
Speaker 11: If not, I'm going to stay home.

1202
00:58:28,920 --> 00:58:31,600
Speaker 2: Yeah, Because here's the problem. When you look, it's four

1203
00:58:31,640 --> 00:58:33,760
Speaker 2: point two billion dollars worth of damage to the economy.

1204
00:58:33,800 --> 00:58:36,240
Speaker 2: That's fine, but you can't what do you do about it?

1205
00:58:36,240 --> 00:58:38,120
Speaker 2: There's nothing you can do about it. Is that unless

1206
00:58:38,120 --> 00:58:39,600
Speaker 2: you're going around knocking on the door and going right

1207
00:58:39,720 --> 00:58:40,000
Speaker 2: prove it.

1208
00:58:41,880 --> 00:58:44,240
Speaker 11: It's very hard to measure, and so in terms of

1209
00:58:44,600 --> 00:58:51,440
Speaker 11: evidence of people pulling sickies, it's always anecdotal. But it's

1210
00:58:51,520 --> 00:58:54,440
Speaker 11: up to leadership in businesses. Businesses want to have a

1211
00:58:54,520 --> 00:58:57,280
Speaker 11: healthy workplace. They want people to come along to work

1212
00:58:57,360 --> 00:59:01,040
Speaker 11: and be satisfied and be productive. So it's a combination

1213
00:59:01,240 --> 00:59:04,720
Speaker 11: also of what businesses are doing to keep people well,

1214
00:59:04,760 --> 00:59:07,720
Speaker 11: and businesses are very innovative these days. They've got programs

1215
00:59:07,720 --> 00:59:13,160
Speaker 11: from vaccinations to fitness programs, gym memberships, a whole range

1216
00:59:13,200 --> 00:59:18,520
Speaker 11: of things. Working from home and additional flexibility has improved retention.

1217
00:59:19,280 --> 00:59:22,720
Speaker 11: But it's a combination leadership and also reminding people that

1218
00:59:24,000 --> 00:59:27,520
Speaker 11: that there is an ambition for all of us to

1219
00:59:27,640 --> 00:59:30,160
Speaker 11: keep the economy going and make sure our business is thriven.

1220
00:59:30,280 --> 00:59:32,920
Speaker 2: The cafin appreciate it. Business New Zealand CEO. There's a

1221
00:59:32,960 --> 00:59:34,960
Speaker 2: warning in Britain now, speaking of which this morning the

1222
00:59:35,040 --> 00:59:38,560
Speaker 2: number of second disabled people has increased eight hundred thousand

1223
00:59:39,840 --> 00:59:42,160
Speaker 2: in the last year and it's a crisis. We'll talk

1224
00:59:42,160 --> 00:59:44,840
Speaker 2: to rot about this after eight thirty. Meantime, the news is.

1225
00:59:44,920 --> 00:59:49,480
Speaker 1: Next asking the questions. Others won't the mic asking breakfast.

1226
00:59:49,600 --> 00:59:53,120
Speaker 1: We're the defender, embraced the impossible news togs there'd be.

1227
00:59:53,880 --> 00:59:55,840
Speaker 2: It is seven minutes past eight. Well the long way

1228
00:59:55,880 --> 00:59:58,640
Speaker 2: it was on decinder the mind David Coheny is about

1229
00:59:58,680 --> 01:00:00,160
Speaker 2: to be available in a lot of interviews, a lot

1230
01:00:00,200 --> 01:00:02,640
Speaker 2: of insight perhaps of you that wasn't quite as tarnished

1231
01:00:02,640 --> 01:00:05,680
Speaker 2: as the various efforts that have been produced. So fun anyway,

1232
01:00:05,760 --> 01:00:08,000
Speaker 2: Orthodovid Cohen is willis very good morning to you.

1233
01:00:09,320 --> 01:00:10,400
Speaker 14: Okay, Mike, how are.

1234
01:00:10,280 --> 01:00:12,840
Speaker 2: You very well? As an exercise, did you enjoy it?

1235
01:00:15,920 --> 01:00:15,960
Speaker 4: No?

1236
01:00:16,160 --> 01:00:25,240
Speaker 15: I didn't. I was trepidacious. It was a difficult subject.

1237
01:00:25,520 --> 01:00:31,280
Speaker 15: I'm familiar with doing cookbooks or books about music. This

1238
01:00:31,480 --> 01:00:33,840
Speaker 15: is the sort of area where you one tends to

1239
01:00:33,920 --> 01:00:35,600
Speaker 15: get very good notices.

1240
01:00:36,280 --> 01:00:37,360
Speaker 13: People like what you do.

1241
01:00:38,160 --> 01:00:43,560
Speaker 15: Politics is a minefield. So when I say I didn't

1242
01:00:43,800 --> 01:00:46,920
Speaker 15: enjoy it, what I meant to say, obviously is that

1243
01:00:47,440 --> 01:00:49,400
Speaker 15: this was more challenging.

1244
01:00:49,920 --> 01:00:52,680
Speaker 2: The seed of an idea came from where why tackle it?

1245
01:00:54,440 --> 01:00:59,120
Speaker 15: It came about fourteen years ago. That was the first

1246
01:00:59,240 --> 01:01:02,480
Speaker 15: time I met, in fact, the last time I met Justinder.

1247
01:01:03,280 --> 01:01:06,800
Speaker 15: We shared a stage at the Auckland War Memorial Museum

1248
01:01:07,920 --> 01:01:10,920
Speaker 15: and we went back and forth. That was with my

1249
01:01:11,080 --> 01:01:16,760
Speaker 15: old sparring part Russell Brown. We bickered about things here

1250
01:01:16,840 --> 01:01:19,720
Speaker 15: a little to the left, me a little to the

1251
01:01:19,840 --> 01:01:26,720
Speaker 15: other side, and I came away intrigued by this young politician.

1252
01:01:26,840 --> 01:01:30,600
Speaker 15: She was thirty or thirty one at the time, and

1253
01:01:30,840 --> 01:01:35,240
Speaker 15: so I began tracking her movements and then, of course,

1254
01:01:35,760 --> 01:01:41,760
Speaker 15: about five million of followed suit in terms of writing

1255
01:01:41,840 --> 01:01:45,720
Speaker 15: an actual book. Probably about two years ago. I thought

1256
01:01:46,080 --> 01:01:50,360
Speaker 15: you have to The ancient Greek said, count no man

1257
01:01:50,560 --> 01:01:53,919
Speaker 15: lest he be dead. Just cinder. Our journal isn't dead,

1258
01:01:54,000 --> 01:01:58,600
Speaker 15: of course, but her political career in New Zealand, not internationally,

1259
01:01:59,520 --> 01:02:03,600
Speaker 15: is over. So we can start to assess what went

1260
01:02:03,760 --> 01:02:04,840
Speaker 15: wrong and what went right.

1261
01:02:05,120 --> 01:02:08,640
Speaker 2: Have you assessed in your mind, hand on heart fairly

1262
01:02:09,000 --> 01:02:13,160
Speaker 2: or did you enter this project a fan or an adversary.

1263
01:02:14,880 --> 01:02:18,840
Speaker 15: I entered the project as someone who was Can we

1264
01:02:19,000 --> 01:02:22,320
Speaker 15: use the term non binary? And I mean that politically.

1265
01:02:24,280 --> 01:02:28,400
Speaker 15: I think one of the great tragedies of recent years

1266
01:02:29,560 --> 01:02:34,000
Speaker 15: is that we live in an era of the politics

1267
01:02:34,040 --> 01:02:39,760
Speaker 15: of emotion. You either love someone or you hate them,

1268
01:02:40,800 --> 01:02:44,800
Speaker 15: and Jacinta played into that with her politics of kindness.

1269
01:02:45,000 --> 01:02:50,240
Speaker 15: To some degree. I'm an old fashioned journalist. I started

1270
01:02:50,280 --> 01:02:53,880
Speaker 15: out in this trade when back when dinosaurs werew in

1271
01:02:53,960 --> 01:03:00,240
Speaker 15: the earth. One of our guiding ideas and junctions is

1272
01:03:00,880 --> 01:03:04,920
Speaker 15: to tell the other side. So it's actually not a

1273
01:03:05,040 --> 01:03:07,840
Speaker 15: matter of whether I like her or I don't.

1274
01:03:08,120 --> 01:03:09,480
Speaker 13: But the truth is.

1275
01:03:11,480 --> 01:03:14,200
Speaker 15: I could say yes to both questions and no to

1276
01:03:14,280 --> 01:03:18,160
Speaker 15: both questions. Journalistically, it was important to do this.

1277
01:03:19,160 --> 01:03:23,360
Speaker 2: The one hundred interviews just before Wooden clarity sake, I

1278
01:03:23,680 --> 01:03:26,400
Speaker 2: took part, including you. Yes, I took part. And so

1279
01:03:26,680 --> 01:03:29,440
Speaker 2: what interested me is I set aside forty five minutes.

1280
01:03:29,440 --> 01:03:31,480
Speaker 2: I stuck to my forty five minutes. And she was keen.

1281
01:03:31,520 --> 01:03:34,600
Speaker 2: Your researcher, Rebecca Keller was keing to go longer. So

1282
01:03:34,720 --> 01:03:36,600
Speaker 2: by the time you do me one hundred times over,

1283
01:03:37,400 --> 01:03:40,360
Speaker 2: raud knows how much material you had. How'd you edit it?

1284
01:03:41,520 --> 01:03:45,080
Speaker 15: We had about four hundred thousand words with the transcripts,

1285
01:03:46,280 --> 01:03:50,360
Speaker 15: so that's the Bible a number of times over, I

1286
01:03:50,360 --> 01:03:58,040
Speaker 15: imagine I looked for broad themes. One of the important

1287
01:03:58,160 --> 01:04:03,960
Speaker 15: things was balance. There's a very intelligent review in the

1288
01:04:04,040 --> 01:04:09,160
Speaker 15: latest Listener. It's not entirely complimentary, but it's not condemnatory either,

1289
01:04:10,880 --> 01:04:17,600
Speaker 15: bemoaning the absence of a number of left of center

1290
01:04:18,200 --> 01:04:22,800
Speaker 15: voices in people. But God knows, we tried right, and

1291
01:04:22,920 --> 01:04:23,720
Speaker 15: so what was.

1292
01:04:23,720 --> 01:04:25,880
Speaker 2: The problem there? They didn't want to say anything, or

1293
01:04:26,040 --> 01:04:27,920
Speaker 2: they the anonymity or what was it.

1294
01:04:31,000 --> 01:04:33,920
Speaker 15: Some of them had works in progress, like Grant Robertson,

1295
01:04:35,840 --> 01:04:40,920
Speaker 15: so there was that. There were probably a number who

1296
01:04:41,520 --> 01:04:44,280
Speaker 15: were not sold on the idea of a project that

1297
01:04:44,440 --> 01:04:49,280
Speaker 15: could be anything less than glittering in its estimation of

1298
01:04:49,400 --> 01:04:55,840
Speaker 15: the subject. And then there were I suppose labor party comrades.

1299
01:04:56,600 --> 01:05:00,800
Speaker 15: Can we still used that word who just we're a

1300
01:05:00,840 --> 01:05:07,800
Speaker 15: little tremulous when it went going there. That said, it's

1301
01:05:07,880 --> 01:05:10,680
Speaker 15: not as if the exercise lacks for such put before.

1302
01:05:11,000 --> 01:05:13,400
Speaker 2: No, indeed not. But could I also suggest part of

1303
01:05:13,480 --> 01:05:15,160
Speaker 2: it might be that a lot of people woke up

1304
01:05:15,160 --> 01:05:16,800
Speaker 2: a lot of people who were, to put it bluntly,

1305
01:05:16,840 --> 01:05:18,360
Speaker 2: and you know my views as part of the book.

1306
01:05:18,480 --> 01:05:20,760
Speaker 2: A lot of people who bluntly got sucked in at

1307
01:05:20,800 --> 01:05:23,720
Speaker 2: the time have worked out the cold hard reality. So

1308
01:05:23,840 --> 01:05:26,160
Speaker 2: what they might have once said, they no longer say,

1309
01:05:26,200 --> 01:05:29,240
Speaker 2: and therefore don't want to deal with the embarrassment.

1310
01:05:28,800 --> 01:05:29,080
Speaker 17: Of it all.

1311
01:05:30,520 --> 01:05:33,800
Speaker 15: I suppose there could be something in that. I haven't

1312
01:05:33,800 --> 01:05:40,040
Speaker 15: really thought that one through sufficiently, But yeah, it's extraordinarily

1313
01:05:40,160 --> 01:05:42,600
Speaker 15: difficult for any of us to admit that we got

1314
01:05:42,680 --> 01:05:48,720
Speaker 15: something so fundamentally wrong. We'd be lack an epidemiologists jumping

1315
01:05:48,840 --> 01:05:51,600
Speaker 15: up today and saying, you know, all the stuff about

1316
01:05:51,680 --> 01:05:55,560
Speaker 15: COVID from surfaces, we completely blew that one, didn't we.

1317
01:05:55,800 --> 01:05:59,160
Speaker 2: Yeah, well, maybe that's the next book. Actually. David Cohen

1318
01:05:59,240 --> 01:06:01,880
Speaker 2: Moore in just a couple of moments, unauthorized biography. Just

1319
01:06:02,040 --> 01:06:04,720
Speaker 2: into the untold stories. More shortly thirteen past.

1320
01:06:05,200 --> 01:06:09,760
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

1321
01:06:09,840 --> 01:06:10,840
Speaker 1: by News Talks at.

1322
01:06:10,800 --> 01:06:14,240
Speaker 2: B news Talks A sixteen minutes past eight our guest

1323
01:06:14,280 --> 01:06:16,120
Speaker 2: as David Cohen, the book is there, just into the

1324
01:06:16,280 --> 01:06:20,080
Speaker 2: untold stories. Well, you can explain, because you already suggested

1325
01:06:20,120 --> 01:06:22,560
Speaker 2: you're the old style journalist. You're a journalist of many

1326
01:06:22,640 --> 01:06:25,560
Speaker 2: years standing. Explain to me in the best way you

1327
01:06:25,720 --> 01:06:29,480
Speaker 2: can what happened to the media during the adurn years,

1328
01:06:30,000 --> 01:06:33,240
Speaker 2: the AI thing on stuff stories, the favorability, the coverage,

1329
01:06:33,240 --> 01:06:37,960
Speaker 2: et cetera. Explain how so many people got so sucked.

1330
01:06:37,680 --> 01:06:45,120
Speaker 15: In I think the industry. There were honorable exceptions, but

1331
01:06:45,240 --> 01:06:48,200
Speaker 15: if they were to use a cliche, it was following

1332
01:06:48,280 --> 01:06:53,600
Speaker 15: the money. At that point. It was government law chess,

1333
01:06:54,120 --> 01:06:56,680
Speaker 15: which I think was called for you and I probably

1334
01:06:56,760 --> 01:07:03,000
Speaker 15: would disagree on that. Possibly we would agree on the

1335
01:07:03,160 --> 01:07:06,720
Speaker 15: fact that a lot of that support the Journalism Fund

1336
01:07:06,800 --> 01:07:14,600
Speaker 15: Public Interests Journalism Fund was predicated on signing off in

1337
01:07:14,800 --> 01:07:24,080
Speaker 15: favor of an extraordinarily controversial government policy, and that the

1338
01:07:24,680 --> 01:07:29,560
Speaker 15: seeds of undoing were embedded in that it did not

1339
01:07:29,760 --> 01:07:32,960
Speaker 15: serve the industry, Well, it didn't serve journalism. Well, it

1340
01:07:33,080 --> 01:07:37,360
Speaker 15: certainly didn't serve the consumers of journalism.

1341
01:07:37,440 --> 01:07:41,240
Speaker 2: Well no, And I would argue that the media, and

1342
01:07:41,320 --> 01:07:43,240
Speaker 2: this is also global, not there's got anything to do

1343
01:07:43,320 --> 01:07:45,640
Speaker 2: with jindrod In specifically, but I would also argue the

1344
01:07:45,680 --> 01:07:47,600
Speaker 2: media has never recovered in terms of credibility in the

1345
01:07:47,680 --> 01:07:49,000
Speaker 2: eyes of the public. Would that be fair?

1346
01:07:50,360 --> 01:07:55,320
Speaker 15: According to the Massi University Worlds of Journalism survey, the

1347
01:07:55,440 --> 01:07:59,480
Speaker 15: latest one, the fall in New Zealand is more has

1348
01:07:59,600 --> 01:08:06,560
Speaker 15: been more precipitous than most other comparable countries. So something

1349
01:08:07,200 --> 01:08:11,400
Speaker 15: in addition to technology, social media and all the rest

1350
01:08:11,480 --> 01:08:15,200
Speaker 15: of it is taking place here. I think that it

1351
01:08:15,440 --> 01:08:21,760
Speaker 15: was the the the bad for the corrosive effect of

1352
01:08:22,640 --> 01:08:26,759
Speaker 15: what ostensibly was a good idea, but it was terribly

1353
01:08:26,840 --> 01:08:31,439
Speaker 15: administered or artfully administered, and it did our business.

1354
01:08:31,560 --> 01:08:36,240
Speaker 2: Note So here's here's the key, Here's here's the question.

1355
01:08:36,400 --> 01:08:38,720
Speaker 2: I came to a conclusion eventually, but for a lot

1356
01:08:38,800 --> 01:08:41,320
Speaker 2: of the period I would ask myself and I asked

1357
01:08:41,320 --> 01:08:43,400
Speaker 2: it on here A number of times I can't work

1358
01:08:43,479 --> 01:08:46,680
Speaker 2: out couldn't work out whether Adourne was naive and a

1359
01:08:46,760 --> 01:08:49,280
Speaker 2: lot of this stuff was just her being elevated beyond

1360
01:08:49,280 --> 01:08:51,559
Speaker 2: to capability and she was trying desperately to work out

1361
01:08:51,600 --> 01:08:53,840
Speaker 2: what was going on or it was Macavelian and she

1362
01:08:54,000 --> 01:08:57,560
Speaker 2: I concluded eventually it was there was She was Macavelian.

1363
01:08:57,840 --> 01:09:00,799
Speaker 2: She had a plan, she was deliberate, she was overt

1364
01:09:01,280 --> 01:09:04,360
Speaker 2: porpit of truth, et cetera. And that's who she is.

1365
01:09:04,600 --> 01:09:05,479
Speaker 2: Is that unfair or not?

1366
01:09:06,640 --> 01:09:06,760
Speaker 3: Uh?

1367
01:09:07,640 --> 01:09:11,280
Speaker 15: That's one of the as hopefully many of your listeners

1368
01:09:11,320 --> 01:09:13,519
Speaker 15: will discover when they go into the shop and buy

1369
01:09:13,560 --> 01:09:17,759
Speaker 15: a copy this week. That's one of the great watt

1370
01:09:17,760 --> 01:09:22,200
Speaker 15: ifs about here, isn't it? What was she carried along

1371
01:09:22,400 --> 01:09:27,920
Speaker 15: on a tide? Was she simply adjacent to to to

1372
01:09:28,080 --> 01:09:32,000
Speaker 15: to something or was she did she, for lack of

1373
01:09:32,040 --> 01:09:36,639
Speaker 15: a better word, engineer it herself? You see. I come

1374
01:09:37,760 --> 01:09:41,400
Speaker 15: more on the adjacent side of that. I think she

1375
01:09:41,600 --> 01:09:45,920
Speaker 15: was someone with missionary zeal that was not entirely to

1376
01:09:46,000 --> 01:09:48,760
Speaker 15: do with politics. It was to do with her formative

1377
01:09:49,280 --> 01:09:55,599
Speaker 15: principles and experience. And you know, in the ethnic affairs area,

1378
01:09:55,720 --> 01:10:02,040
Speaker 15: for instance, she had a very a significant Marory caucus

1379
01:10:02,640 --> 01:10:08,680
Speaker 15: that certainly knew where it wanted to go. That is

1380
01:10:08,760 --> 01:10:13,800
Speaker 15: an example of that that was an example of engineering

1381
01:10:14,200 --> 01:10:17,679
Speaker 15: or pushing the country in a certain direction. I don't

1382
01:10:17,720 --> 01:10:20,519
Speaker 15: think your heart was as entirely into that.

1383
01:10:22,040 --> 01:10:24,400
Speaker 2: Interesting, David. I've enjoyed reading it, and I appreciate the

1384
01:10:24,479 --> 01:10:28,800
Speaker 2: time one hundred plus interviews involved in the book. Anyone

1385
01:10:28,840 --> 01:10:32,760
Speaker 2: who's anyone seemingly is in there, the untold stories, just

1386
01:10:32,840 --> 01:10:35,720
Speaker 2: into the untold stories. It's out now. David Pohen is

1387
01:10:35,960 --> 01:10:38,559
Speaker 2: the author A twenty the.

1388
01:10:38,720 --> 01:10:40,879
Speaker 3: Mic asking Breakfast with the Defender.

1389
01:10:41,280 --> 01:10:44,120
Speaker 2: To be now, if you tried the old magnesium supplements

1390
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Speaker 2: in the past to help with the general health, but

1391
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1392
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Speaker 2: not all magnesium supplements are created equals. So this is

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Speaker 2: You're get an additional one month supply. Absolutely free them

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Speaker 2: and come on, that's ridiculous, So act on that now.

1406
01:11:32,360 --> 01:11:35,040
Speaker 2: About health dot co dot nz online I eight one hundred,

1407
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Speaker 2: triple nine three or nine on the phone read the

1408
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Speaker 2: label take only as director. But with a deal like that,

1409
01:11:38,680 --> 01:11:42,320
Speaker 2: why wouldn't you element twelve magnesium only from about Health?

1410
01:11:43,000 --> 01:11:46,280
Speaker 2: Pasking Mike, do you get a mention? You missed the

1411
01:11:46,320 --> 01:11:48,040
Speaker 2: part of the interview where I said I took part

1412
01:11:48,080 --> 01:11:49,760
Speaker 2: as one of the interviewees. I'm one of the one

1413
01:11:49,840 --> 01:11:52,760
Speaker 2: hundred and this is a very good example of it.

1414
01:11:54,360 --> 01:11:56,920
Speaker 2: In the Wake I'm quoting from the book here in

1415
01:11:57,000 --> 01:11:59,120
Speaker 2: the Wake of the death of a Durn's cat Paddles.

1416
01:11:59,400 --> 01:12:02,080
Speaker 2: This goes back to the media. It's honestly, it is

1417
01:12:02,160 --> 01:12:06,160
Speaker 2: one of the great shames that I'd like to use.

1418
01:12:06,240 --> 01:12:08,080
Speaker 2: David words was very good. I was adjacent to it.

1419
01:12:08,160 --> 01:12:12,200
Speaker 2: I wasn't part of it. I'd like to think in

1420
01:12:12,280 --> 01:12:14,880
Speaker 2: my eulogy they might say he asked a few probing

1421
01:12:15,000 --> 01:12:19,040
Speaker 2: questions when others didn't, or words to that effect. But anyway,

1422
01:12:19,080 --> 01:12:20,920
Speaker 2: one of the great embarrassments has been a part of

1423
01:12:20,960 --> 01:12:24,000
Speaker 2: this industry that just acquiesced in the most embarrassing way

1424
01:12:24,080 --> 01:12:26,200
Speaker 2: for such a long and extended period of time. Anyway,

1425
01:12:26,479 --> 01:12:28,160
Speaker 2: here's the example. And the wake of the death of

1426
01:12:28,240 --> 01:12:33,120
Speaker 2: Adirn's cat Paddles Stuff eulogized the petters of beloved orange

1427
01:12:33,160 --> 01:12:37,000
Speaker 2: and white creature with adorable opposing thumbs. On the day

1428
01:12:37,040 --> 01:12:39,920
Speaker 2: Aderne was sworn into office, she was joined, as TV

1429
01:12:40,000 --> 01:12:43,600
Speaker 2: and Z reported by two adorable young nieces after a

1430
01:12:43,640 --> 01:12:46,880
Speaker 2: public address on the steps of Parliament. Shortly afterwards, as

1431
01:12:46,880 --> 01:12:49,759
Speaker 2: the new cabinet settled in, Adern sentwath the New Zealand

1432
01:12:49,840 --> 01:12:53,839
Speaker 2: Herald described as an adorable Christmas card to Queen Elizabeth

1433
01:12:54,400 --> 01:12:56,759
Speaker 2: closer to home. In January of twenty eighteen, she announced

1434
01:12:56,760 --> 01:12:59,360
Speaker 2: her pregnancy on Instagram by posting, again in the words

1435
01:12:59,400 --> 01:13:03,040
Speaker 2: of The New Zealand Herald, an adorable photo showing three

1436
01:13:03,120 --> 01:13:06,680
Speaker 2: fish hooks. Adorable was the word, but for some more

1437
01:13:06,760 --> 01:13:10,519
Speaker 2: than others. The country's most popular broadcaster, Mike Hosking, found

1438
01:13:10,560 --> 01:13:16,320
Speaker 2: the display a combination of fascinating and fantastically depressing because

1439
01:13:16,360 --> 01:13:18,360
Speaker 2: the media, like many of the public, fell in love

1440
01:13:18,439 --> 01:13:21,519
Speaker 2: with her. There's nothing wrong with falling in love, Hosking continues,

1441
01:13:21,880 --> 01:13:23,840
Speaker 2: But when you're a journalist, you've got to put that

1442
01:13:24,000 --> 01:13:26,560
Speaker 2: to one side and cover it in a fair and

1443
01:13:26,720 --> 01:13:30,479
Speaker 2: balanced way. But fairness and balance just went out the window.

1444
01:13:30,560 --> 01:13:32,560
Speaker 2: I've been in this business for forty three years and

1445
01:13:32,560 --> 01:13:35,160
Speaker 2: I've never seen such a large collection of people who

1446
01:13:35,240 --> 01:13:38,680
Speaker 2: had lost the plot completely. So, yes, I did take

1447
01:13:38,720 --> 01:13:41,760
Speaker 2: part in the book, and that is one of the

1448
01:13:41,880 --> 01:13:42,960
Speaker 2: quotes involved.

1449
01:13:43,360 --> 01:13:46,040
Speaker 20: So to pin the book not in the LoveFest? Could

1450
01:13:46,080 --> 01:13:48,599
Speaker 20: the gravest don't perhaps say he opted out.

1451
01:13:49,880 --> 01:13:55,080
Speaker 2: He distanced himself as quickly as he possibly could from

1452
01:13:55,560 --> 01:13:58,479
Speaker 2: those in the other room next to him. Good news.

1453
01:13:58,720 --> 01:14:02,280
Speaker 2: I think Michelin Stars coming, or Michelin's coming to New Zealand.

1454
01:14:02,600 --> 01:14:05,439
Speaker 2: If you know about the Michelin Stars and restaurants, Gordon Ramsey,

1455
01:14:05,640 --> 01:14:08,280
Speaker 2: Lane du Cass all that sort of thing. They've never

1456
01:14:08,400 --> 01:14:10,760
Speaker 2: been here. The mystery of how they work is a

1457
01:14:10,800 --> 01:14:13,120
Speaker 2: fascinating one. You're supposed to never know who they are.

1458
01:14:13,520 --> 01:14:16,080
Speaker 2: You're supposed to know they were never here. You're supposed

1459
01:14:16,080 --> 01:14:18,000
Speaker 2: to know that they weren't in the room at the

1460
01:14:18,040 --> 01:14:19,320
Speaker 2: time you thought they were in the room, and all

1461
01:14:19,360 --> 01:14:21,439
Speaker 2: of a sudden boom, you've got yourself the Michelin Star.

1462
01:14:21,479 --> 01:14:24,240
Speaker 2: And if you're really, really good, you get three Michelin

1463
01:14:24,320 --> 01:14:26,200
Speaker 2: Stars if you're at great. Of course, the Star rating

1464
01:14:26,280 --> 01:14:28,720
Speaker 2: is coming to New Zealand. It will be out mid

1465
01:14:29,000 --> 01:14:32,680
Speaker 2: next year, focusing initially on Auckland, Wellington christ Church in Queenstown.

1466
01:14:32,720 --> 01:14:35,120
Speaker 2: But of course it's very good for tourism because a

1467
01:14:35,160 --> 01:14:37,559
Speaker 2: lot of people travel the world. Fourth food and Michelin

1468
01:14:37,640 --> 01:14:39,240
Speaker 2: Stars there is a big part of that, so we

1469
01:14:39,320 --> 01:14:41,759
Speaker 2: look forward to that. Also look forward to Rod Little,

1470
01:14:41,960 --> 01:14:43,840
Speaker 2: who's with us from the UK after the News, which

1471
01:14:43,880 --> 01:14:45,400
Speaker 2: is next here on the Mike Hosking.

1472
01:14:45,120 --> 01:14:51,680
Speaker 1: Breakfast Opinionated, Informed, und Apologetic, The mic Hosking Breakfast with

1473
01:14:51,920 --> 01:14:56,000
Speaker 1: Bailey's Real Estate Doing real Estate differently since nineteen seventy three,

1474
01:14:56,160 --> 01:14:57,320
Speaker 1: News togsdad.

1475
01:14:56,920 --> 01:15:01,200
Speaker 2: B ironic, well, ironical or a j to use an

1476
01:15:01,280 --> 01:15:04,240
Speaker 2: increasingly off word used word. This morning, Morning, Mike, It's

1477
01:15:04,240 --> 01:15:08,120
Speaker 2: astonishing how Americans can be so blind to elect someone

1478
01:15:08,280 --> 01:15:12,559
Speaker 2: like Mindani. The US is so politically divided that they

1479
01:15:12,600 --> 01:15:16,280
Speaker 2: would vote in a practicing Marxist. Well, what were we

1480
01:15:16,400 --> 01:15:19,479
Speaker 2: just talking about in the last half hour, and go

1481
01:15:19,680 --> 01:15:22,280
Speaker 2: back to the election of twenty twenty and who did

1482
01:15:22,320 --> 01:15:25,120
Speaker 2: you vote for and the score was fifty percent? Explain

1483
01:15:25,200 --> 01:15:26,439
Speaker 2: that to me. Twenty three to nine.

1484
01:15:27,000 --> 01:15:30,840
Speaker 1: International Correspondence with ends an Eye Insurance, Peace of mind

1485
01:15:30,920 --> 01:15:33,360
Speaker 1: for New Zealand business in little Good.

1486
01:15:33,280 --> 01:15:33,720
Speaker 2: Morning to you.

1487
01:15:35,479 --> 01:15:38,519
Speaker 14: Good morning Mike. If you hear occasional explosions, I'm not

1488
01:15:38,600 --> 01:15:41,639
Speaker 14: being attacked by Jahavi's. It's November the fifth and broon

1489
01:15:41,760 --> 01:15:44,120
Speaker 14: finite and there are fireworks going off all over.

1490
01:15:46,040 --> 01:15:48,760
Speaker 2: What's what are the rules on guy fawks in your

1491
01:15:48,800 --> 01:15:51,120
Speaker 2: particular part of the world in terms of private displays

1492
01:15:51,200 --> 01:15:53,920
Speaker 2: versus public displays? And is there an annual angst about it?

1493
01:15:55,240 --> 01:15:57,120
Speaker 14: There's an annual angst about it, and there are no

1494
01:15:57,760 --> 01:16:04,479
Speaker 14: restraints whatsoever really effectively. Even though I remember letting off

1495
01:16:04,520 --> 01:16:07,240
Speaker 14: fireworks in our back garden when I was four or

1496
01:16:07,280 --> 01:16:11,320
Speaker 14: five six years old, fewer people do that these days.

1497
01:16:12,400 --> 01:16:15,000
Speaker 14: They tend to go to the very big choreographic events

1498
01:16:15,320 --> 01:16:17,080
Speaker 14: which are happening all over the country today.

1499
01:16:17,560 --> 01:16:22,160
Speaker 2: Good stuff watching Lammy in Parliament It's like, honestly, you

1500
01:16:22,280 --> 01:16:24,280
Speaker 2: can't make the stuff up. So the guy you let

1501
01:16:24,360 --> 01:16:27,000
Speaker 2: him out and then you take six days to bring

1502
01:16:27,040 --> 01:16:28,880
Speaker 2: anyone of that. I mean, how do you explain this?

1503
01:16:30,560 --> 01:16:33,800
Speaker 14: It's inexplicable, as is the follow up story, which is

1504
01:16:33,880 --> 01:16:39,360
Speaker 14: that the same prisoners mis released two more villains this

1505
01:16:39,600 --> 01:16:44,719
Speaker 14: week and one of them is an Algerian asylum seeker

1506
01:16:44,760 --> 01:16:49,840
Speaker 14: who committed a sex crime. In this case, the exposed

1507
01:16:49,920 --> 01:16:56,000
Speaker 14: himself to people were not obviously the police. So the

1508
01:16:56,120 --> 01:17:00,760
Speaker 14: apologies continue. We have Lammy apologizing to the families of

1509
01:17:00,840 --> 01:17:07,040
Speaker 14: Hadush who were abused by Hattush Kebatu, who was rottenly

1510
01:17:07,120 --> 01:17:10,840
Speaker 14: released from Hepping from from Onceworth Prison having been arrested

1511
01:17:10,920 --> 01:17:15,840
Speaker 14: in Epping. It is going to be a continual running

1512
01:17:16,080 --> 01:17:20,800
Speaker 14: saw and David Lammie isn't very competent, that's beyond doubt.

1513
01:17:21,800 --> 01:17:25,080
Speaker 14: But this is something which is embedded deep in the system,

1514
01:17:25,200 --> 01:17:29,880
Speaker 14: you know, a failure of communication, a failure of understanding

1515
01:17:30,880 --> 01:17:35,200
Speaker 14: human errors. It's as someone recently said, it's the Home

1516
01:17:35,240 --> 01:17:37,320
Speaker 14: Office and it's not for purpose and.

1517
01:17:37,400 --> 01:17:40,160
Speaker 2: Does anything Does anybody pay a price for any of

1518
01:17:40,240 --> 01:17:40,600
Speaker 2: that or not?

1519
01:17:42,960 --> 01:17:46,360
Speaker 14: At the moment it looks as if not. You know

1520
01:17:46,479 --> 01:17:49,120
Speaker 14: that The argument is always well, you know, David Lammy

1521
01:17:49,200 --> 01:17:52,280
Speaker 14: didn't do it, obviously, and his only bedy in his

1522
01:17:52,439 --> 01:17:57,559
Speaker 14: position for you know, a few weeks, but you would

1523
01:17:57,680 --> 01:18:01,960
Speaker 14: imagine that at some point the governor of Wansworth, the

1524
01:18:02,080 --> 01:18:06,160
Speaker 14: guy who runs Wandsworth, must must be really looking to

1525
01:18:06,240 --> 01:18:09,760
Speaker 14: pick up his P forty five because if this continues,

1526
01:18:11,240 --> 01:18:14,160
Speaker 14: you know, it destroys all the face that there is

1527
01:18:14,280 --> 01:18:15,599
Speaker 14: in the system at all.

1528
01:18:15,920 --> 01:18:20,080
Speaker 2: Amazing pop quiz for you before we talk about the

1529
01:18:20,160 --> 01:18:25,719
Speaker 2: new land reform Scotland bill, who's the more who's closer

1530
01:18:25,760 --> 01:18:28,240
Speaker 2: to communism? Wales, Ireland or Scotland.

1531
01:18:29,600 --> 01:18:32,760
Speaker 14: That's a very good question. That's a very good question.

1532
01:18:32,880 --> 01:18:35,760
Speaker 14: They're all heading that way in much the same way

1533
01:18:35,800 --> 01:18:39,599
Speaker 14: as is New York. They're all they're all, we're charging

1534
01:18:39,680 --> 01:18:46,800
Speaker 14: that way. I think probably Wales because they can get

1535
01:18:46,800 --> 01:18:49,800
Speaker 14: away with all this stuff while still being more directly

1536
01:18:49,920 --> 01:18:54,599
Speaker 14: ruled by US. There's still Northern Ireland, of course, which

1537
01:18:54,680 --> 01:18:59,800
Speaker 14: is a kind of common free zone. But but Scotland,

1538
01:19:01,120 --> 01:19:04,799
Speaker 14: Scotland certainly seems to be the wokest country in Europe.

1539
01:19:06,000 --> 01:19:09,840
Speaker 14: They've gone down the lifestyle leftist route, but now they're

1540
01:19:09,880 --> 01:19:10,200
Speaker 14: looking for.

1541
01:19:10,280 --> 01:19:12,560
Speaker 2: Land reform and so how's that going to work? So

1542
01:19:12,600 --> 01:19:14,519
Speaker 2: when the land comes up for sale, what are they

1543
01:19:14,520 --> 01:19:16,600
Speaker 2: going to do just to impose themselves and break it

1544
01:19:16,680 --> 01:19:18,479
Speaker 2: up and spread it about the place.

1545
01:19:18,640 --> 01:19:24,280
Speaker 14: Yeah, that's right. There's something like one thousand, two hundred

1546
01:19:24,920 --> 01:19:28,760
Speaker 14: around about that figure of the landowners in Scotland who

1547
01:19:28,880 --> 01:19:33,240
Speaker 14: own virtually the entire country, seventy percent of the country.

1548
01:19:33,720 --> 01:19:38,839
Speaker 14: And these are massive tracts of highland, of forest, of grouse,

1549
01:19:38,920 --> 01:19:43,080
Speaker 14: hunting moors and Cairn gorms and so on. And the

1550
01:19:43,560 --> 01:19:48,960
Speaker 14: very leftish Alliance government in Scotland has decided that this

1551
01:19:49,040 --> 01:19:51,560
Speaker 14: has got to come to an end and that the

1552
01:19:51,720 --> 01:19:54,720
Speaker 14: lads will now have their estates broken up so that

1553
01:19:54,800 --> 01:19:56,840
Speaker 14: when they come up for sale, the maximum number of

1554
01:19:56,920 --> 01:19:59,080
Speaker 14: acres they can get rid of is something I think

1555
01:19:59,120 --> 01:20:01,640
Speaker 14: it was. I think it was twenty five hundred a

1556
01:20:01,680 --> 01:20:04,600
Speaker 14: because they can't have any more than that, and the

1557
01:20:04,680 --> 01:20:09,040
Speaker 14: rest of it will be sold separately. It's not something

1558
01:20:09,120 --> 01:20:12,800
Speaker 14: which I mean, the lad system doesn't have a great

1559
01:20:12,920 --> 01:20:18,000
Speaker 14: history behind it, if we're honest, and it possibly is

1560
01:20:18,160 --> 01:20:20,559
Speaker 14: right that more people should own a little bit more

1561
01:20:20,600 --> 01:20:25,400
Speaker 14: of the land, but this enforced social engineering sometimes turns

1562
01:20:25,479 --> 01:20:26,800
Speaker 14: out very badly in the end.

1563
01:20:27,120 --> 01:20:28,880
Speaker 2: Am I correct in saying they vote next to you,

1564
01:20:29,040 --> 01:20:29,320
Speaker 2: don't they?

1565
01:20:30,760 --> 01:20:35,000
Speaker 14: Yeah? They do, Yeah, they do, Yeah, And it will

1566
01:20:35,040 --> 01:20:38,040
Speaker 14: be interesting to see you as well. Given that the

1567
01:20:38,200 --> 01:20:44,919
Speaker 14: Labor Party is in incredibly rapid retreat everywhere. The Scottish

1568
01:20:45,040 --> 01:20:48,240
Speaker 14: National Party is despised nationally. Who are they going to

1569
01:20:48,320 --> 01:20:51,559
Speaker 14: vote for because the idea has always been the Scotland

1570
01:20:51,760 --> 01:20:53,400
Speaker 14: a left of center electorate.

1571
01:20:55,960 --> 01:20:58,040
Speaker 2: I know we've talked about this before, but there was

1572
01:20:58,080 --> 01:21:02,000
Speaker 2: a report out today and the former head of John Lewis,

1573
01:21:02,360 --> 01:21:05,320
Speaker 2: Charlie Mayfield, wrote it and he talks about the number.

1574
01:21:05,320 --> 01:21:07,320
Speaker 2: It's just that we got the job numbers here yesterday.

1575
01:21:07,400 --> 01:21:10,280
Speaker 2: That's also we're interested. He talks at the eight hundred

1576
01:21:10,320 --> 01:21:13,479
Speaker 2: thousand more people out of work due to basically illness

1577
01:21:13,520 --> 01:21:15,960
Speaker 2: and disability, whatever you want to call it. The economic

1578
01:21:16,080 --> 01:21:21,640
Speaker 2: inactivity crisis threatens the country's prosperity. He puts it at

1579
01:21:21,680 --> 01:21:25,519
Speaker 2: eighty five billion pounds a year. One in five working

1580
01:21:25,640 --> 01:21:30,920
Speaker 2: age people just don't work, can't work, won't work. Who's

1581
01:21:31,000 --> 01:21:32,000
Speaker 2: doing Who's fixing this?

1582
01:21:34,000 --> 01:21:36,400
Speaker 14: Nobody is and nobody will at the moment. I mean,

1583
01:21:36,479 --> 01:21:39,040
Speaker 14: the tourist of promised too, but then they have fourteen

1584
01:21:39,080 --> 01:21:44,960
Speaker 14: years to do it and didn't. Reformers is slightly handstrung

1585
01:21:45,040 --> 01:21:46,679
Speaker 14: by the fact that an awful lot of the people

1586
01:21:46,760 --> 01:21:49,000
Speaker 14: who it wants to get back to work out its voters.

1587
01:21:49,840 --> 01:21:54,360
Speaker 14: So it's been a bit quiet about welfare reform. And

1588
01:21:54,479 --> 01:21:57,559
Speaker 14: the truth is that, you know, since COVID one point

1589
01:21:57,960 --> 01:22:00,840
Speaker 14: an extra one point four million people haven't gone back

1590
01:22:00,920 --> 01:22:05,559
Speaker 14: to work, and they claim that they're feeling anxious and depressed. Hell,

1591
01:22:06,000 --> 01:22:09,600
Speaker 14: we're all anxious and we're all depressed. Yes, you know

1592
01:22:10,360 --> 01:22:14,320
Speaker 14: what it requires is someone to redefine what is meant

1593
01:22:14,360 --> 01:22:15,320
Speaker 14: by mental illness.

1594
01:22:15,720 --> 01:22:18,240
Speaker 2: Yeah, all right, might go, well, see you next week, Roder.

1595
01:22:18,240 --> 01:22:21,080
Speaker 2: Little other thing that's gone wrong for the labor government

1596
01:22:21,120 --> 01:22:23,439
Speaker 2: overnight is remember the Chagos deal that was I've been

1597
01:22:23,479 --> 01:22:25,880
Speaker 2: pretty sure that was the beginning of the year and

1598
01:22:26,000 --> 01:22:28,439
Speaker 2: Britain were going to hand over Chagos and they had

1599
01:22:28,439 --> 01:22:30,200
Speaker 2: a bit of a back and forward about it the Americans,

1600
01:22:30,240 --> 01:22:32,320
Speaker 2: and we needed Trump to sign that off. Remember with Trump,

1601
01:22:32,320 --> 01:22:33,920
Speaker 2: where did he go? He went to Scotland, didn't he

1602
01:22:34,000 --> 01:22:36,120
Speaker 2: on the Scottish troup. He goes, yeah, I'll sign that off.

1603
01:22:36,120 --> 01:22:37,640
Speaker 2: So anyway, I was a deal. It's gone to the

1604
01:22:37,720 --> 01:22:40,600
Speaker 2: House of Lords and they've worked out that in the

1605
01:22:40,640 --> 01:22:42,800
Speaker 2: House of Laws are going to lose the vote, so

1606
01:22:43,400 --> 01:22:46,519
Speaker 2: Starmer Pault. So I don't know where the deal's gone now,

1607
01:22:46,560 --> 01:22:47,400
Speaker 2: so we'll keep you posted.

1608
01:22:47,439 --> 01:22:52,040
Speaker 1: Eight forty five The Like Asking Breakfast Full Show podcast

1609
01:22:52,240 --> 01:22:56,559
Speaker 1: on iHeartRadio powered by News Talks at be Just in Britain.

1610
01:22:56,600 --> 01:22:59,479
Speaker 2: They are like us, reviewing their curriculum at the moment,

1611
01:22:59,520 --> 01:23:03,800
Speaker 2: they're gonna put mortgages and AI in. Apparently mortgages. I

1612
01:23:03,920 --> 01:23:08,519
Speaker 2: could not be more into in terms of people understanding money,

1613
01:23:09,240 --> 01:23:11,960
Speaker 2: compounding interest, all of those sort of things, and if

1614
01:23:12,040 --> 01:23:13,880
Speaker 2: kids can leave school with a better understanding of how

1615
01:23:13,920 --> 01:23:17,680
Speaker 2: the world works monetarily speaking, will be better off. I'm

1616
01:23:17,720 --> 01:23:20,680
Speaker 2: not so sure about AI. There's so much to read

1617
01:23:20,720 --> 01:23:22,559
Speaker 2: on AI at the moment, depending on what you read.

1618
01:23:22,680 --> 01:23:24,519
Speaker 2: I think the general consensus I've got out of it

1619
01:23:24,640 --> 01:23:28,360
Speaker 2: so far is that the investment dollar for dollar isn't

1620
01:23:28,439 --> 01:23:30,640
Speaker 2: paying off. There's more money going in than there is

1621
01:23:30,720 --> 01:23:33,880
Speaker 2: a return. But most people say it's not wasted, and

1622
01:23:34,120 --> 01:23:38,400
Speaker 2: most people argue the return will come. Most people seem

1623
01:23:38,439 --> 01:23:40,360
Speaker 2: to say it's a bubble of some sort. There will

1624
01:23:40,439 --> 01:23:43,200
Speaker 2: be a material change slash improvement in the world in

1625
01:23:43,280 --> 01:23:46,479
Speaker 2: our life, but some of it will eventually get burnt off.

1626
01:23:47,040 --> 01:23:49,000
Speaker 2: A lot of people seem to indicate that if you

1627
01:23:49,040 --> 01:23:52,400
Speaker 2: look at the markets at the moment, if you take

1628
01:23:52,479 --> 01:23:54,880
Speaker 2: out tech, you take out chips, you take out AI.

1629
01:23:55,720 --> 01:23:58,439
Speaker 2: The markets are actually going that well at all, you know.

1630
01:23:58,479 --> 01:23:59,920
Speaker 2: In other words, when you get back to the fundament

1631
01:24:00,280 --> 01:24:02,640
Speaker 2: of life, things aren't going that well at all. But

1632
01:24:02,680 --> 01:24:05,400
Speaker 2: if you're in AI and in chips and tech, then

1633
01:24:05,479 --> 01:24:08,320
Speaker 2: you're laughing all the way to the banks. That's broadly speaking,

1634
01:24:08,400 --> 01:24:11,759
Speaker 2: and a huge number of jobs are being lost. Hundreds

1635
01:24:11,800 --> 01:24:14,200
Speaker 2: of thousands of jobs globally are being lost directly as

1636
01:24:14,200 --> 01:24:17,760
Speaker 2: a result of AI. Speaking of John Lewis, have you

1637
01:24:17,840 --> 01:24:20,439
Speaker 2: seen their Christmas ad? Beautiful and nothing woken sight?

1638
01:24:20,479 --> 01:24:20,840
Speaker 8: So funny?

1639
01:24:20,840 --> 01:24:22,360
Speaker 2: You should say that because I wasn't going to raise

1640
01:24:22,360 --> 01:24:23,720
Speaker 2: it because no one will see it, But yes, I

1641
01:24:23,800 --> 01:24:26,160
Speaker 2: have seen it. I thought it was complete and utter

1642
01:24:26,280 --> 01:24:29,759
Speaker 2: crap because normally John Lewis do a very good Christmas

1643
01:24:29,800 --> 01:24:32,439
Speaker 2: ad and they look, can I say, they look? I

1644
01:24:32,520 --> 01:24:35,080
Speaker 2: couldn't work out there's a man and a woman or

1645
01:24:35,240 --> 01:24:37,679
Speaker 2: is it a man and a man? I thought initially

1646
01:24:37,760 --> 01:24:40,120
Speaker 2: it was a son and a dad, but then I

1647
01:24:40,200 --> 01:24:41,760
Speaker 2: thought that dad looks very young.

1648
01:24:42,080 --> 01:24:43,720
Speaker 20: Why do you have to be so binary about it?

1649
01:24:43,840 --> 01:24:46,000
Speaker 2: Well, no, because I think I read it, they said,

1650
01:24:46,280 --> 01:24:49,280
Speaker 2: and it's a beautiful scene with father and son and

1651
01:24:49,320 --> 01:24:51,000
Speaker 2: I thought, oh, your father and son. Then I looked

1652
01:24:51,000 --> 01:24:52,720
Speaker 2: at the father and I thought he looks about three

1653
01:24:52,760 --> 01:24:56,120
Speaker 2: years older than that. Then I swear to god, it

1654
01:24:56,280 --> 01:24:58,400
Speaker 2: wasn't the dad. It turned into a woman, and it

1655
01:24:58,479 --> 01:24:59,559
Speaker 2: could have been his girlfriend.

1656
01:24:59,640 --> 01:25:02,880
Speaker 20: And so one of these silver dress, black dress situations.

1657
01:25:02,920 --> 01:25:04,920
Speaker 2: I don't know what was going on. Anyway, I'm looking

1658
01:25:04,960 --> 01:25:09,920
Speaker 2: at this thinking and cinematically it looked cheap crap as well.

1659
01:25:10,080 --> 01:25:11,880
Speaker 2: So an answer to you, quick, look, you've got me

1660
01:25:12,000 --> 01:25:15,280
Speaker 2: exercise here. I don't know what's going on. I've just

1661
01:25:15,360 --> 01:25:17,400
Speaker 2: got the word. By the way, this is an America.

1662
01:25:17,479 --> 01:25:19,720
Speaker 2: Assume it's is same here. Disn'ty have just put up

1663
01:25:19,720 --> 01:25:23,760
Speaker 2: their prices premium service for Disney, screaming the old price

1664
01:25:23,840 --> 01:25:26,519
Speaker 2: was seventy nine ninety nine. This America old price for

1665
01:25:26,560 --> 01:25:28,280
Speaker 2: seventy nine ninety nine is just gone to one hundred

1666
01:25:28,280 --> 01:25:31,240
Speaker 2: and fifty nine ninety nine, as and like it's virtually

1667
01:25:31,320 --> 01:25:33,759
Speaker 2: doubled in price, just like that. That seems the weirdest

1668
01:25:33,800 --> 01:25:36,120
Speaker 2: thing to me, not as weird as Kentucky. From the

1669
01:25:36,240 --> 01:25:39,920
Speaker 2: Kentucky Secretary of State this morning, Michael Adams Will yesterday

1670
01:25:40,000 --> 01:25:43,960
Speaker 2: tweeted out, we're getting calls about polls being closed. They

1671
01:25:44,000 --> 01:25:47,200
Speaker 2: are closed because we do not have elections today. Kentucky

1672
01:25:47,280 --> 01:25:49,720
Speaker 2: votes next year. You cannot vote today in Kentucky for

1673
01:25:49,760 --> 01:25:51,879
Speaker 2: the mayor of New York City or the governor of Virginia.

1674
01:25:52,160 --> 01:25:56,000
Speaker 2: And you wonder why America's in trouble. Nine to nine The.

1675
01:25:56,160 --> 01:26:00,120
Speaker 1: Make Hosking Breakfast with Bailey's Real Estate News Dogs edbe.

1676
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1677
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Speaker 2: funded hearing aids, I've got good news. Resonate Health ensures

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Speaker 2: co dot nz. Hosking, Morning, Mike. My family have shopped

1694
01:26:52,160 --> 01:26:54,479
Speaker 2: at Valentine's for three generations. It's nothing to do with

1695
01:26:54,560 --> 01:26:56,639
Speaker 2: the recession. They're very little in store that they can't

1696
01:26:56,680 --> 01:26:58,960
Speaker 2: be bought in them all apart from special occasion dresses,

1697
01:26:59,000 --> 01:27:01,360
Speaker 2: all of which you need a model figure for. All

1698
01:27:01,439 --> 01:27:05,040
Speaker 2: the bed linen can be brought elsewhere. On the shoe

1699
01:27:05,080 --> 01:27:07,479
Speaker 2: department is the Pit's nothing special in the whole shop.

1700
01:27:07,600 --> 01:27:11,880
Speaker 2: G You're a misery. Guts. I've been to Valentine's relatively recently.

1701
01:27:12,080 --> 01:27:14,760
Speaker 2: You you undersell that shop. It's a fabulous shop. It's

1702
01:27:14,760 --> 01:27:18,519
Speaker 2: a beautiful place. But the model in there somewhere is

1703
01:27:18,960 --> 01:27:21,320
Speaker 2: the seed of the answer to the problem. Because, as

1704
01:27:21,360 --> 01:27:22,920
Speaker 2: I said earlier on the program, if you can't do

1705
01:27:23,000 --> 01:27:25,160
Speaker 2: well in Christy, it something's not right. Five minutes away

1706
01:27:25,200 --> 01:27:25,879
Speaker 2: from nine.

1707
01:27:26,160 --> 01:27:31,000
Speaker 1: Trending Now with Chemist were house Keeping Kiwi's healthy all year.

1708
01:27:30,960 --> 01:27:34,360
Speaker 2: Round it Yet at Valentine's barber I love barber barber.

1709
01:27:34,439 --> 01:27:36,280
Speaker 2: The British you know the outdoor stuff you can no

1710
01:27:36,320 --> 01:27:38,760
Speaker 2: one else sells Barbara apart from Valentine's Just Love.

1711
01:27:39,040 --> 01:27:42,920
Speaker 3: Trending now with Chemist ware House the Real House of

1712
01:27:43,000 --> 01:27:44,000
Speaker 3: Fragrancy some I.

1713
01:27:44,080 --> 01:27:44,479
Speaker 5: Was in there.

1714
01:27:44,560 --> 01:27:48,240
Speaker 2: They had a special on super dry T shirts known

1715
01:27:48,800 --> 01:27:50,720
Speaker 2: more super dry T shirts than you do, so that

1716
01:27:50,880 --> 01:27:52,160
Speaker 2: really worked out well for me.

1717
01:27:52,720 --> 01:27:57,000
Speaker 1: Trending Now with Chemist were house Keeping Kiwi's healthy all

1718
01:27:57,160 --> 01:27:57,679
Speaker 1: year round.

1719
01:27:57,840 --> 01:28:00,960
Speaker 2: Should I get a frame around my new television? So

1720
01:28:01,720 --> 01:28:04,040
Speaker 2: the tech guy is, we're getting a new television in

1721
01:28:04,120 --> 01:28:06,559
Speaker 2: the lounge because the television in the country blew up

1722
01:28:07,720 --> 01:28:10,080
Speaker 2: and so we're taking the television in the lounge. And

1723
01:28:10,160 --> 01:28:12,000
Speaker 2: I went, oh, well, I know I'm going to get

1724
01:28:12,000 --> 01:28:13,600
Speaker 2: a bigger television in the lounge. So I'm getting a

1725
01:28:13,600 --> 01:28:16,920
Speaker 2: bigger television in the lounge. And he said, yesterday, do

1726
01:28:16,960 --> 01:28:19,160
Speaker 2: you want to frame around it? And you can get

1727
01:28:19,200 --> 01:28:20,840
Speaker 2: it like a wood frame around it?

1728
01:28:20,960 --> 01:28:24,679
Speaker 20: So you're getting a is it a Samsung the frame TV.

1729
01:28:24,560 --> 01:28:25,479
Speaker 2: Exactly what I'm getting.

1730
01:28:25,640 --> 01:28:27,120
Speaker 20: Yeah, yeah, Oh you're going to get a frame.

1731
01:28:27,439 --> 01:28:29,800
Speaker 2: I said no, because I said, there's no way in

1732
01:28:29,880 --> 01:28:32,080
Speaker 2: the world the frame it's going to be faux wood.

1733
01:28:32,520 --> 01:28:35,240
Speaker 2: It'll look like faux wood. It'll be cheap and tacky,

1734
01:28:35,400 --> 01:28:38,080
Speaker 2: and everyone knows it's ninety five inches? Is that big?

1735
01:28:38,320 --> 01:28:38,519
Speaker 9: Yeah?

1736
01:28:38,560 --> 01:28:41,160
Speaker 2: That's pretty big, right, So it's ninety five inches. I said,

1737
01:28:41,240 --> 01:28:44,200
Speaker 2: No one's going to think that's a picture. So let's

1738
01:28:44,240 --> 01:28:45,200
Speaker 2: not get faux wood.

1739
01:28:46,160 --> 01:28:50,000
Speaker 20: You haven't experienced what it's really like. They're pretty amazing.

1740
01:28:50,640 --> 01:28:53,240
Speaker 2: Is the foe wood? Is that an optional extra? What

1741
01:28:53,360 --> 01:28:54,040
Speaker 2: does it come free?

1742
01:28:56,600 --> 01:28:59,400
Speaker 20: You've got me there? It used to be an optional extra,

1743
01:28:59,479 --> 01:29:01,880
Speaker 20: but I think sometimes they throw it in as I

1744
01:29:01,920 --> 01:29:02,160
Speaker 20: sort of.

1745
01:29:02,240 --> 01:29:03,760
Speaker 2: What I might do is get them to throw it

1746
01:29:03,880 --> 01:29:06,400
Speaker 2: in and if it looks as I suspect it will

1747
01:29:06,600 --> 01:29:08,000
Speaker 2: cheap and tacky, I'm going to rip it.

1748
01:29:08,040 --> 01:29:09,719
Speaker 20: There's different options. You can get different colors.

1749
01:29:10,600 --> 01:29:13,559
Speaker 2: Can you get am I TV salesman? Can you get

1750
01:29:13,640 --> 01:29:15,799
Speaker 2: California Sage trending?

1751
01:29:16,120 --> 01:29:20,000
Speaker 3: Now with Warehouse, the real House of fragrances?

1752
01:29:20,520 --> 01:29:22,840
Speaker 2: Time for this clean, time for any of this?

1753
01:29:23,040 --> 01:29:23,720
Speaker 20: I thought that was it?

1754
01:29:24,280 --> 01:29:25,880
Speaker 2: Oh, I could have been. Let's call it that. Let's

1755
01:29:25,920 --> 01:29:28,960
Speaker 2: say that was it, just so that the people at

1756
01:29:29,040 --> 01:29:31,639
Speaker 2: Chemists Warehouse listening, going, are we getting value for money? Bloody?

1757
01:29:31,640 --> 01:29:31,800
Speaker 4: Ok?

1758
01:29:31,800 --> 01:29:34,280
Speaker 2: You getting value for money? Hey? In fact, you can

1759
01:29:34,360 --> 01:29:37,080
Speaker 2: pay some more for that back tomorrow Happy Days.

1760
01:29:38,960 --> 01:29:41,800
Speaker 1: For more from the mic Asking Breakfast, listen live to

1761
01:29:41,960 --> 01:29:44,640
Speaker 1: news talks there'd be from six am week days, or

1762
01:29:44,720 --> 01:29:46,600
Speaker 1: follow the podcast on iHeartRadio