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

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Speaker 1: like my costing, breakfast with a Veta, retirement, communities, life

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Speaker 1: your way, news talk said, be mother, we welcome to day.

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Speaker 2: The banks fight back after the ComCom and the government

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Speaker 2: lay into them. The police had been ignoring a law,

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Speaker 2: sin laid got a survival plan. The cathedrals off in

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Speaker 2: christ Church Mark and Ginny do politics after eight Richard

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Speaker 2: Ardel and see Price Day planing.

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Speaker 3: Up as well.

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Speaker 2: Pasky into it for Wednesday morning, seven past six. Big

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Speaker 2: report day for big issues Report number two the Electricity

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Speaker 2: Authority and power will come to that later on Report

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Speaker 2: number one. The ComCom and the business of banking. The

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Speaker 2: market doesn't work. More banks would help. How to get

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Speaker 2: more banks, how to get less regulation, how to get

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Speaker 2: better deals for the customer. Firstly, don't hold your breath.

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Speaker 2: The ComCom has looked into power, petrol, banking, supermarkets. Not

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Speaker 2: a lot changes. Nikola Willis didn't help yesterday morning when

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Speaker 2: she said, in response to a perfectly legitimate question about

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Speaker 2: lending practices, that a bank CEO had said they wait

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Speaker 2: farms differently from houses in terms of risk. Willis said, well,

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Speaker 2: they can tell that to the Select Committee, which as

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Speaker 2: far as I could work out, means nothing. Given I'm

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Speaker 2: sure they will. Then, when asked about the banking lobby

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Speaker 2: being powerful, she said they may be powerful, but democracy

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Speaker 2: is more powerful. Once again, it means nothing. What she

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Speaker 2: said and was avoiding was the question will you legislate?

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Speaker 2: And she was avoiding that because she's not legislating the

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Speaker 2: same way the previous government made a lot of noise

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Speaker 2: about supermarkets and petrol, but we're never going to legislate either. Instead,

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Speaker 2: what we got was a sign on the footpath showing

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Speaker 2: the ninety eight price and a grocery commissioner who so

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Speaker 2: far is limited to press releases. Here's your trouble. We

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Speaker 2: have a lot of banks, we just don't use them.

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Speaker 2: We can switch banks, we choose not to. Yes, the

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Speaker 2: rules the Reserve Bank has in place to make banks

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Speaker 2: hold money could be changed, some of the regulation could

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Speaker 2: be changed, But will it materially fix the market.

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Speaker 3: No.

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Speaker 2: This, as I always say, is not to defend banks.

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Speaker 2: Banks are highly profitable, their margins are higher here than Australia.

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Speaker 2: That's a talking point. But the mistake that is made

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Speaker 2: almost every time, whether it's banks, supermarkets or petrol stations

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Speaker 2: or telcas is. The hype never plays out in reality,

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Speaker 2: the jawboning gets the headlines, the action fades into obscurity.

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Speaker 2: Let's talk in a year and you can show me

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Speaker 2: how fundamentally different the banking scene is or not.

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Speaker 1: What news of the world in ninety seconds tell you

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Speaker 1: what it was worth the watch.

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Speaker 3: Margure Republic has found out the power.

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Speaker 1: Women in twenty twenty two, and Donald Chump is going

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Speaker 1: to find.

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Speaker 4: Out the power women in twenty twenty four.

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Speaker 2: Said he won't have had the shades of the State

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Speaker 2: of the Union, maybe even another time in a younger man.

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Speaker 2: He was all in. Also, there was another heavy hitter.

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Speaker 5: And the other side of that glass ceiling is Kamala

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Speaker 5: Harris raising her hand and taking.

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Speaker 6: The oath of office as our forming seventh President.

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Speaker 7: Of the United States.

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Speaker 2: Meantime, Donald was on the telly.

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Speaker 4: I don't think she's a very bright person. I do

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Speaker 4: feel that. I mean, I think that's right. I think

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Speaker 4: I am a very great person, and a lot of

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Speaker 4: people say that I don't think she's a very bright person,

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Speaker 4: and you know what, our country needs a very smart person.

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Speaker 4: I don't consider that it is. So that's just a fact.

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Speaker 2: Off the couse of Italy, the recovery operation for the

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Speaker 2: yachts on the way.

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Speaker 3: We've been on site since yesterday morning at the first

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Speaker 3: light of dawn. We didn't stop diving from yesterday morning

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Speaker 3: until eleven thirty yesterday evening, and we're continuing to do

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Speaker 3: further dives from this morning. At six o'clock.

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Speaker 2: We've had a rocket blow up in shipland.

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Speaker 8: One of the mainly positives that came out of last

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Speaker 8: night was that all our protocols and procedures that own

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Speaker 8: place to protect human life, you know, worked and I'm

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Speaker 8: very proud of the way that our team performed.

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Speaker 2: A lot of good learnings from blowing stuff up. Anyway,

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Speaker 2: it was a warm up to the real launch, so

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Speaker 2: hopefully they get it together. Anyway, more on the ICT

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Speaker 2: BID four seven eleven.

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Speaker 9: We're accelerating our overseas expension. In April we completed the acquisition

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Speaker 9: of seventy eleven Australia and it's seven hundred and fifty stalls.

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Speaker 2: Finally, you study scientists at Stanford have followed participants for

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Speaker 2: years to observe aging changes in the molecules. In other words,

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Speaker 2: how do we aige Well, they found out We don't

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Speaker 2: age gradually, possibly not even gracefully. Instead, we are pretty

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Speaker 2: good until we're forty four. Then the old molecules age

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Speaker 2: much faster than they have been doing previously. Next up

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Speaker 2: is sixty when they speed up again. Here's the world

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Speaker 2: in ninety. Hey, you're ready to party on this morning.

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Speaker 2: You're ready for some big, hot, vibrant, super exciting economic numbers.

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Speaker 2: The dairy auction is in stand by eleven past six.

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

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Speaker 1: by News talksp.

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Speaker 2: Right Fun fact time. A gold bar is normally four

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Speaker 2: hundred troy ounces, and if gold hits twenty five hundred

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Speaker 2: dollars per troy ounce, if you have a gold bar,

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Speaker 2: it's worth a million dollars. The significance of that A

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Speaker 2: gold bar has never been worth a million dollars until now.

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Speaker 2: Gold's up twenty fe fourteen per six A done Furst

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Speaker 2: and dark So done?

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Speaker 3: Ok?

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Speaker 2: Jay am I Well? Andrew Keller her, good morning, very

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Speaker 2: good morning. How about that auction?

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Speaker 10: What a cracker?

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Speaker 2: What a cracker of a global dairy trade auction?

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Speaker 11: Overnight so at the headline level, global dairy trade price

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Speaker 11: index has lifted five and a half percent. Now that's

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Speaker 11: a bloody good shunt in a single auction.

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Speaker 2: Shall we to be crude?

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Speaker 11: Shall we say that? So it goes a long way

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Speaker 11: to reverse the shop fall of six point nine percent

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Speaker 11: and the second of July auction. But we'll just consign

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Speaker 11: that to memory, now, shall we, although we shall note

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Speaker 11: the volatility. Good result based on a strong bounce and

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Speaker 11: skim milk powder and whole milk powder, so four percent

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Speaker 11: rise and skill milk seven point two percent, right, seven

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Speaker 11: point two percent rise and whole milk powder. So they're

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Speaker 11: the key commodities. Are good supporting roles from mozzarella, God

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Speaker 11: love mozzarella up five percent and butter three point seven percent.

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Speaker 11: Very helpful, I would have thought for Fonterra and the

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Speaker 11: forecast farmgate milk price. Here's the question, Mike. You've got

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Speaker 11: the start of an infrastrate easing cycle. You've got strength

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Speaker 11: back into the important commodity markets. Will the third quarter

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Speaker 11: of twenty twenty four be the economic nadia, the celestial

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Speaker 11: economic nadea of the New Zealand economy? Is this the

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Speaker 11: darkest point before dawn? Well we'll have to wait and see,

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Speaker 11: but I could get excited about that.

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Speaker 2: And I can hear a new voice already took me

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Speaker 2: about housing because I think there's a little bit of

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Speaker 2: life there potentially by the end of the year as

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Speaker 2: well well.

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Speaker 11: I think you're right in terms of putting that out

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Speaker 11: a little bit, because it's timely to review the residential

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Speaker 11: property market. So we get the monthly data release from

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Speaker 11: ARII and Zah, we got that yesterday, We've got that

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Speaker 11: fall in the OCA ringing in our ears, and we've

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Speaker 11: got to validly ask the question whether it'll be enough

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Speaker 11: to start a change and sentiment towards the local residential

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Speaker 11: property market property investors out there. I suspect we'll be

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Speaker 11: quietly waiting to see that change in sentient. I think

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Speaker 11: it's still a bit premature. What's the data telling us

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Speaker 11: number of house sales increase to sharpen the in July,

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Speaker 11: but that fall follow a big fall, a big slump

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Speaker 11: in June. There's a small different house price index, the

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Speaker 11: important indicator days to sell that tick up a little

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Speaker 11: bit for the month, sales rowse just under twenty percent,

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Speaker 11: which sounds quite dramatic, doesn't it. But if you look

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Speaker 11: at the annual movement in the three month moving average.

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Speaker 11: The sales volume says very slightly down on the same

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Speaker 11: time last years. That's smoothing out the month to month volatility.

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Speaker 11: House price index raw data down point three percent month

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Speaker 11: on month. Seasonally adjusted, it drops to maybe minus point

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Speaker 11: five compared to a year ago. There's zero point two

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Speaker 11: percent higher on the index, so no move there. Really,

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Speaker 11: sales remain below the historic average for this time of year.

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Speaker 11: Days sell at forty nine. That's up one day, and

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Speaker 11: that's historically pretty high. Although I would note auction clearance

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Speaker 11: rates in Auckland they've lifted in the last couple of weeks.

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Speaker 11: That's a positive sign. My comments Mike, interest rates are

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Speaker 11: only one factor for the housing market.

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Speaker 2: They're an important.

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Speaker 11: One, but there are only one. You are going to

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Speaker 11: see the unemployment rate increase over the next few months.

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Speaker 11: You've got a weaker labor market.

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Speaker 2: That's a headwind.

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Speaker 11: Affordability that continues to be pretty relevant, that's a headwind.

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Speaker 11: I think it could be a few months before we

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Speaker 11: see a demonstrable evidence of a changeing sentiment, but not

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Speaker 11: impossible that you'll see that. Agents out there will no

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Speaker 11: doubt be calling that earlier.

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Speaker 2: I'm calling off Turber and November now back to reality.

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Speaker 2: So the ap port. So when Winstone don't open because

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Speaker 2: they don't have any power and they can't afford what's available,

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Speaker 2: then you've got problems you have.

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Speaker 11: So higher power price is low late levels in the

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Speaker 11: South Island, this is problematic. You start to ask questions

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Speaker 11: about our ability to sort of export competitively if the

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Speaker 11: power price.

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Speaker 3: Is so high.

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Speaker 11: So another victim of high power prices. Napier Port actually

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Speaker 11: revealed this yesterday of an announcement to the x X

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Speaker 11: about Big carga customer Winston Pump International. They advise the

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Speaker 11: port they're considering a proposal to cease all New Zealand

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Speaker 11: manufacturing operations indefinitely, i e. Shut a consequence of unsustainable

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Speaker 11: unstainable energy prices that of course affects volumes through the port.

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Speaker 11: Winstone Wolp International got a couple of manufacturing facilities doing

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Speaker 11: timber pulp products in central North Island. Potentially two hundred

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Speaker 11: jobs affected. This is tough for a region already percent

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Speaker 11: with challenges.

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Speaker 2: I just want to make the point here, Mike.

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Speaker 11: Businesses can hedge against short term volatility in their power prices.

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Speaker 11: Most businesses do. Windstone had been doing this but they

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Speaker 11: said it had become too expensive to actually even hedge.

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Speaker 11: I think only a very small proportion of businesses are unhedged.

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Speaker 2: I don't think this is an endemic issue. Hope, you're right.

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Speaker 2: What are the numbers?

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Speaker 11: The Dow Jones is down, It's only down ten points,

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Speaker 11: it's barely moved, really, forty eight hundred and eighty six.

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Speaker 11: The S and P five hundreds down eleven. That's about

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Speaker 11: point two percent five five hundred and ninety six, and

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Speaker 11: the Nastak is down small as well, twenty three points

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Speaker 11: seventeen thousand, eight hundred and fifty three.

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Speaker 2: Overnight.

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Speaker 11: The Footy one hundred lost one percent eight to seven three.

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Speaker 11: The Necka bounced back after the Big four, so it's

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Speaker 11: up one point eight percent thirty eight thousand and sixty two.

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Speaker 11: Shanghai Compost was down about one percent to sixty six.

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Speaker 11: The Aussi's gained point two two percent yes Day seven

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Speaker 11: nine nine seven, but the nz Sex fifty was week

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Speaker 11: fell one hundred and four points twelve thousand, five hundred

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Speaker 11: and fifty eight. Kiwi Doll Kiwi dolls holding it remarkably

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Speaker 11: well in a falling interest rate environment. In New Zeale,

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Speaker 11: point sixty one four six against the US point nine

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Speaker 11: one two one ossi point five five to two nine

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Speaker 11: euro point four seven two zero pounds eighty nine point

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Speaker 11: four two against the Japanese y. And as you said,

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Speaker 11: Mike Gold two thousand, five hundred and ten dollars of

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Speaker 11: good for all the gold bugs out there, and Brent

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Speaker 11: Cruit also behaving itself seventy seven dollars and eighteen cents.

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Speaker 2: We'll take it, kelliher Jmowalth dot co dot m Z

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Speaker 2: further enhance our reputation internationally economically speaking, Fit, you've come

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Speaker 2: to the party where they've performed our double A plus

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Speaker 2: credit rating, voter confidence in the government, basically robust government standards,

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Speaker 2: policy framework. Essentially, what they're looking at is are we

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Speaker 2: ever getting back to surplus? Will it stabilize and will

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Speaker 2: we then reduce the government debt to GDP ratio on

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Speaker 2: the medium term? Yes, we will. And because they've seen

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Speaker 2: and that, they'll take it and tick the box. So

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Speaker 2: we'll take that as well. Six twenty your Hused Talk

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Speaker 2: set B.

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

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Speaker 1: by News Talk set B.

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Speaker 2: Mike real estate Agent here has been busy here in

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Speaker 2: Hamilton last six weeks. Too early to say a pickup

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Speaker 2: is here as I think the surge is due to

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Speaker 2: long looking first home buyers. I tend to agree, and

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Speaker 2: I'm not sure people are moving house to house upgrading yet.

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Speaker 2: But happy days, Andy. Thanks for the update. I'll tell

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Speaker 2: you what is interesting. Came out overnight from Britain Barclays, Haliflex, HSB,

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Speaker 2: Halifax HSB and nat West. You can get a five

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Speaker 2: year fixed under four percent in that part of the world.

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Speaker 2: Bank of England started cutting and you can directly compare

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Speaker 2: them to us because they've only just cut and we've

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Speaker 2: only just cut. And the question is doesn't materially move

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Speaker 2: the market, And the answer appears to be yes. It's

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Speaker 2: led to a quote unquote immediate upturn in buyer activity.

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Speaker 2: So all it took there was a twenty five point

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Speaker 2: cut and they're off and running. It'll be interesting to

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Speaker 2: see whether or not they we see the same thing.

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Speaker 2: He meantime, back at the convention in Chicago, Harris is

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Speaker 2: talking about raising the corporate rate to twenty eight percent.

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Speaker 2: One of the interesting things about that is one Trump

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Speaker 2: is the opposite, of course, so you've got a genuine

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Speaker 2: policy difference that you can think about if you're an

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Speaker 2: American voter. But think about that corporate rate being raised

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Speaker 2: to twenty eight percent, Ask yourself what our corporate rate

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Speaker 2: in this country is, and you wonder why we're not

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Speaker 2: particularly competitive. And then we get RFK this morning. I

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Speaker 2: don't know what to read to our RFK because he's

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Speaker 2: as crazy as the rest of them. And then we

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Speaker 2: come to his running mate, which is a woman called Shanahan.

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Speaker 2: To Cole Shanahan, she's claiming this morning that their campaign

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Speaker 2: is considering abandoning the whole thing and joining forces with Trump,

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Speaker 2: which would, if that happens, materially change the market and

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Speaker 2: in a fairly significant way, I would have thought. But

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Speaker 2: then having said that, she then said they're also considering

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Speaker 2: not abandoning the campaign and trying to win more and

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Speaker 2: five percent of the popular vote and establish ourselves as

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Speaker 2: the third party. So I don't know where they're at.

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Speaker 2: Just pleased to non American six twenty five.

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Speaker 1: Trending Now with one square house, you're one start for

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Speaker 1: Father's Day.

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Speaker 2: Fragrance is now. Matt Garbett is a Kiwi footballer. I've

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Speaker 2: never heard of him, but he plays in the Dutch

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Speaker 2: side neck braider. He's being interviewed by a former footballer,

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Speaker 2: a bloke called Hans Kray. Actually it's Hans Cray junior

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Speaker 2: after the match yesterday. Hans has got no idea who

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Speaker 2: he's talking to, a no idea. This sploke's a Kiwi.

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Speaker 2: Therefore what language he might be okay at?

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Speaker 11: It comes down, you know, performances come down to the environment.

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Speaker 11: And we've got a good culture hair building that knock

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Speaker 11: and I'm hoping that we can continue here.

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Speaker 8: So thanks lot, and you speak good Anglish.

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Speaker 4: Yes, appreciate it and.

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Speaker 2: Quality operator come back to this because they don't have

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Speaker 2: much time at the moment, but how is it possible?

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Speaker 2: And there's another reporter yesterday from the EA. So if

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Speaker 2: you're worried about the banks, we're talking to the banks

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Speaker 2: after seven o'clock, by the way, But we also had

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Speaker 2: a report out on the pawsageuation, which is I would

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Speaker 2: argue the power situation in this country is vastly more

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Speaker 2: critical than whatever you may think about banks. So the

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Speaker 2: EA comes out yesterday with their report and they go, look,

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Speaker 2: things aren't ideal and this gentail thing is not that

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Speaker 2: flash anyway. At the same time, this happens. Mercury comes

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Speaker 2: to the party yesterday, their net profits up by one

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Speaker 2: hundred and fifty nine percent. Now, there are some extraordinaries

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Speaker 2: in there, I will grant you that, but very very

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Speaker 2: difficult to be a power operator in this country lift

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Speaker 2: your net profit by one hundred and fifty nine percent

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Speaker 2: while at the same time sending the power bills out

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Speaker 2: to you and I the way they are, and you

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Speaker 2: go cool, I'm so pleased they've made a one hundred

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Speaker 2: and fifty nine percent increase in profit. Doesn't gel well

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Speaker 2: while you can't afford your power. Winstone's closing down and

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Speaker 2: they're saying, nothing to see here. The market's fine, thank

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Speaker 2: you very much. I mean, come on, then we come

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Speaker 2: to Sinley and milk in the dairy industry. I have

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Speaker 2: news for you on that shortly as well.

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Speaker 1: The breakfast show you can trust the mic Hosking Breakfast

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Speaker 1: with the range Rover Villa designed to intrigue and use

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Speaker 1: togs dB Mike.

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Speaker 2: Here what you say about Mercury Energy. But on the

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Speaker 2: other hand, there's a number of texts about this. As

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Speaker 2: a shareholder, dibit it only gives a three percent return

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Speaker 2: on current share price. Would you invest that rate. John,

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Speaker 2: you make a point, and I was being slightly facetious

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Speaker 2: for a reason. I had more to say before seven thirty,

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Speaker 2: and that is this, you've got to invest in renewables,

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Speaker 2: and someone like Mercury Genesis, all those people, all the

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Speaker 2: gent tailors will tell you they are investing in renewables,

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Speaker 2: and so you need to make the propit. My point

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Speaker 2: overall being that we jawbone a lot of stuff in

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Speaker 2: this country, and we jawbone the banks and we jawbone

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Speaker 2: the power companies at the moment, and there are faults

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Speaker 2: in both industries, and they could be ironed out if

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Speaker 2: we had proper tutelage and leadership in this country. We

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Speaker 2: don't necessarily seem to. But a lot of what people

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Speaker 2: think is going on in any given market isn't a

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Speaker 2: lot of the fixes that are talked about aren't realistic,

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Speaker 2: and that's fundamentally why things don't change. Twenty three minutes

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Speaker 2: away from seven, back to Chicago, Richard Arnold. Of course,

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Speaker 2: with the Dems, they've got the obamers rolling into town.

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Speaker 2: Michelle followed by Baraka.

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Speaker 12: Tell you what.

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Speaker 2: As far as speakers go and performance go, it was

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Speaker 2: a pretty good opening day, and of course are the

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Speaker 2: big days priorday our time when the acceptance comes from

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Speaker 2: Carmla Harris, who surprised everybody when she jumps on stage

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Speaker 2: yesterday a little bit early. Anyway, that's shortly time for

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Speaker 2: sin Lay update. We may have a lifeline China's Bright Gary,

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Speaker 2: who already owned thirty nine percent. If you followed this story,

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Speaker 2: they could end up taking two thirds of the company.

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Speaker 2: Shareholders are going to have to vote on this. It's

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Speaker 2: a recap plan and they'll do this in about a

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Speaker 2: month's time. Sindlay's board chair George Adams is with us. George,

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Speaker 2: very good morning to you.

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Speaker 3: Good morning.

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Speaker 2: Make you enjoying this. This is a fun time for you.

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Speaker 5: Yeah, it's certainly providing lots of entertainment.

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Speaker 2: Make the a two thing. Did we come to this

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Speaker 2: particular conclusion mutually? We're all happy now or not.

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Speaker 5: We're all very happy.

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Speaker 10: Make good.

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Speaker 2: That's sorted once and for all. Bright Dairy. If they

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Speaker 2: end up taking two thirds, do they see what others

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Speaker 2: don't or are they just locked in? They got to

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Speaker 2: do something to save themselves.

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Speaker 4: Right.

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Speaker 5: A very interesting company. It's very old company and I

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Speaker 5: think like many of our farmers, they would describe themselves

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Speaker 5: as well as intergenerational investors in Derry. So when this

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Speaker 5: company was brought on as a shareholder in twenty ten,

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Speaker 5: I believe they were very keen that they were there

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Speaker 5: for the long term. And so that's what we've got,

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Speaker 5: a very long term committed Sure.

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Speaker 2: If you are used to lead your funds dropped down, yes,

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Speaker 2: I am oh good. Sorry the banks and where they said,

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Speaker 2: are they happy with the way things are going?

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Speaker 5: The banks are yeah. So I mean as part of

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Speaker 5: our as part of our deliveraging the we had to

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Speaker 5: essentially completely refinance the business. So that's in process and

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Speaker 5: we have committed facilities from our banks as we speak,

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Speaker 5: which some Texas through for another for another year.

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Speaker 2: There or does their view and the deals you have

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Speaker 2: with them, are they contingent in any way, shape or

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Speaker 2: form on what bright there we may or may not

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Speaker 2: end up doing.

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Speaker 5: Yes. So essentially we have a capriage from break capbrias

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Speaker 5: from A two, and we've got the bank refight and

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Speaker 5: all our intercontingently. So you know, we're we're working hard

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Speaker 5: to make sure that everything happens on the same day.

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Speaker 2: And where do the farmers in the contract sit?

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Speaker 5: So the farmers essentially put us on notice, as you

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Speaker 5: will know, and what they were telling us, and I've

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Speaker 5: spoken to a lot of them, is that essentially they

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Speaker 5: would they would they wanted our advance rates to match

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Speaker 5: them the market. We were probably behind a big ten

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Speaker 5: percent last year and they wanted the balance hea deleverage

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Speaker 5: for security. So we've matched the advanced rates this year

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Speaker 5: and this is the deleverage that they'll be looking for them,

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Speaker 5: So I think they'll be considerably more comfortable to start

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Speaker 5: with throwing cease notices.

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Speaker 2: Once this is done, fantastic And if the ones who

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Speaker 2: have left or going to leave, could you change their

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Speaker 2: minds or could you bring people pull back on board

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Speaker 2: if this thing goes ahead? In other words, could you

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Speaker 2: solve a problem?

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Speaker 3: Yeah, we could.

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Speaker 5: I mean we haven't had any substantial even minor volume leave. Frankly,

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Speaker 5: people have to give us a two year cease notice.

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Speaker 5: So at this stage it's a look. I mean, I

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Speaker 5: think it's a message to the to the board of

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Speaker 5: the business. You need to sort your stuff out and

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Speaker 5: once you've done that would be good. So genuinely, we

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Speaker 5: have a group of very loyal farmers and over time

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Speaker 5: they've actually done pretty well, forcingly and biasonally, so I'm

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Speaker 5: really thrill filled for them.

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Speaker 2: I know which way you want the vote to go?

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Speaker 2: Will it go that way? Hand on hat?

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Speaker 5: I don't know.

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Speaker 13: Heard.

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Speaker 5: Look, I think I think the vote that and again

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Speaker 5: they're all contingent on each other. So I think the

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Speaker 5: vote for for for A two will go well because

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Speaker 5: clearly Bright or the majority of the voting on the

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Speaker 5: other side, the vote for the Bright one I think

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Speaker 5: is going to be closer. So it's certainly you know,

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Speaker 5: a too of indicator they'll support it. So they're a

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Speaker 5: third of the vote. So it means that essentially it's

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Speaker 5: still hangs in the balance with our shareholders and as

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Speaker 5: they did last month, one hundred and thirty million long,

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Speaker 5: they came out and they voted, so it is genuinely

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Speaker 5: in their hands and might encourage them to have their say.

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Speaker 2: If it doesn't cross, is it over for the company?

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Speaker 5: Well pretty much, pretty much.

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Speaker 2: Yeah, good luck with that one, George, appreciate your time.

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Speaker 2: George Adams sin Lay board chair. It's been a fascinating

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Speaker 2: story to follow the votes and dunsandal in a in

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Speaker 2: about a month's time, eighteen minutes away from seven pasking

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Speaker 2: speaking of people in trouble Boeing. They've got this new

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Speaker 2: plane called the Triple seven X. You know what the

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Speaker 2: Triple seven is. The ex is just a bit of extra.

437
00:20:39,880 --> 00:20:42,280
Speaker 2: The extra is not going well because they've they've been

438
00:20:42,320 --> 00:20:45,440
Speaker 2: doing some testing. First of all, they were supposed to

439
00:20:45,560 --> 00:20:48,720
Speaker 2: rather as playing out in twenty twenty. You'll note, I

440
00:20:48,800 --> 00:20:50,919
Speaker 2: assume that you realize it's not twenty twenty, it's in

441
00:20:50,920 --> 00:20:52,639
Speaker 2: fact twenty twenty four. So things are running a bit

442
00:20:52,680 --> 00:20:58,320
Speaker 2: behind schedule. Not immediately clear whether the problem will delay deliveries.

443
00:20:58,400 --> 00:21:03,160
Speaker 2: Here's my bit it will. So anyway, despite everything, they

444
00:21:03,200 --> 00:21:04,240
Speaker 2: still haven't quite got it to.

445
00:21:04,240 --> 00:21:06,680
Speaker 9: Get it's trying to think that people should stop calling

446
00:21:06,720 --> 00:21:07,280
Speaker 9: things X.

447
00:21:07,480 --> 00:21:07,840
Speaker 10: Yeah.

448
00:21:08,000 --> 00:21:09,960
Speaker 2: And I think also they've probably still got those two

449
00:21:09,960 --> 00:21:11,679
Speaker 2: people stuck up in space at the moment as well.

450
00:21:11,760 --> 00:21:14,920
Speaker 2: So quite a bit on the plate. Seventeen too, The.

451
00:21:15,000 --> 00:21:19,320
Speaker 1: Mic Hosking Breakfast Full Show podcast on iHeartRadio, Power It

452
00:21:19,359 --> 00:21:20,399
Speaker 1: by News Talks.

453
00:21:20,160 --> 00:21:22,400
Speaker 2: AP Mike, how is it we can have a law

454
00:21:22,440 --> 00:21:24,680
Speaker 2: breaker of sitting in our parliament? Surely this thing is wrong.

455
00:21:24,800 --> 00:21:27,960
Speaker 2: Darlene Tana needs to be removed. It cannot be up

456
00:21:28,000 --> 00:21:30,680
Speaker 2: to her whether she stays or goes it's fascical. First

457
00:21:30,680 --> 00:21:32,359
Speaker 2: of all, I'm pretty sure I'm correct and saying there

458
00:21:32,400 --> 00:21:34,720
Speaker 2: is no law that's been broken. There's a report that

459
00:21:34,760 --> 00:21:37,719
Speaker 2: hasn't been released that may or may not indicate some

460
00:21:37,760 --> 00:21:39,359
Speaker 2: sort of activity, but as far as I know, no

461
00:21:39,359 --> 00:21:41,639
Speaker 2: one else is looking or no one else cares. So

462
00:21:41,680 --> 00:21:43,639
Speaker 2: she's allowed to be in Parliament unless they invoke the

463
00:21:43,640 --> 00:21:47,680
Speaker 2: walker jumping law, which I'm assuming they will, but they've

464
00:21:47,720 --> 00:21:50,000
Speaker 2: got to sit down and have a meeting about that.

465
00:21:50,480 --> 00:21:53,240
Speaker 2: So anyway, the thrill of the morning, I'm here to

466
00:21:53,280 --> 00:21:55,480
Speaker 2: tell you a highlight of my forty two year career

467
00:21:56,080 --> 00:22:00,760
Speaker 2: is Darlene Tana is going to be on the program,

468
00:22:01,400 --> 00:22:05,240
Speaker 2: probably against my better will, after seven point thirty fourteen to.

469
00:22:05,200 --> 00:22:09,679
Speaker 1: Two international correspondence with ends an eye insurance, peace of

470
00:22:09,680 --> 00:22:11,000
Speaker 1: mind for New Zealand business.

471
00:22:11,040 --> 00:22:16,160
Speaker 2: Why's that, credrickd Arnold morning I enjoyed yesterday.

472
00:22:16,600 --> 00:22:20,399
Speaker 12: Yeah, it was certainly emotional, dramatic. Now he could be

473
00:22:20,440 --> 00:22:22,480
Speaker 12: in the throes of a floor fight at the convention,

474
00:22:22,600 --> 00:22:24,720
Speaker 12: but instead what is playing out is something we haven't

475
00:22:24,800 --> 00:22:28,000
Speaker 12: seen before. Typically, when presidential wannabe is from the same

476
00:22:28,000 --> 00:22:30,280
Speaker 12: party are competing, it's a battle of the venue. I

477
00:22:30,280 --> 00:22:32,520
Speaker 12: think of Donald Trump and Ted Cruz twenty sixteen, when

478
00:22:32,920 --> 00:22:36,679
Speaker 12: Cruz was booed ferociously by Trump's supporters. I was in

479
00:22:36,720 --> 00:22:40,320
Speaker 12: the hall at the time. It's pretty scary. Hillary Clinton

480
00:22:40,440 --> 00:22:43,439
Speaker 12: battled Bernie Sanders down of the wire same year. In

481
00:22:43,680 --> 00:22:46,919
Speaker 12: nineteen eighty eight, Jesse Jackson challenged Michael Ducoccus and deals

482
00:22:46,920 --> 00:22:49,320
Speaker 12: had to be done. Or there was Jimmy caunterfeiting off

483
00:22:49,359 --> 00:22:52,280
Speaker 12: Ted Kennedy in eighty That's how it usually goes, except

484
00:22:52,320 --> 00:22:55,200
Speaker 12: in this case, where Joe Biden stepped aside for Kamala Harris.

485
00:22:55,200 --> 00:22:58,679
Speaker 12: There are still reports that Biden is privately unhappy, but

486
00:22:58,720 --> 00:23:00,879
Speaker 12: as he left the convention arena last night, Biden was

487
00:23:00,880 --> 00:23:03,760
Speaker 12: pressed about that and said no one made his decision

488
00:23:03,800 --> 00:23:06,359
Speaker 12: to quit the race but him, and there was certainly

489
00:23:06,400 --> 00:23:09,440
Speaker 12: no sign of faltering during that big speech last night,

490
00:23:12,440 --> 00:23:16,200
Speaker 12: thank you, signs of real love you, Joe and Chance

491
00:23:16,240 --> 00:23:18,280
Speaker 12: that rose up to the rafters brought a tear to

492
00:23:18,359 --> 00:23:21,000
Speaker 12: the President's eyes, it seemed, But he also spoke in

493
00:23:21,040 --> 00:23:23,560
Speaker 12: full support of Kamala Harris. Then he turned to Trump

494
00:23:23,560 --> 00:23:27,000
Speaker 12: in what seemed to be his most blistering anti Trump's

495
00:23:27,000 --> 00:23:27,600
Speaker 12: speech ever.

496
00:23:27,760 --> 00:23:30,640
Speaker 4: He says we're losing, He's a loser.

497
00:23:30,720 --> 00:23:31,560
Speaker 2: He's dead wrong.

498
00:23:31,920 --> 00:23:35,320
Speaker 12: Yeah, this brings us for another regular political theme. Do

499
00:23:35,400 --> 00:23:37,240
Speaker 12: you focus on pessimism or optimism?

500
00:23:37,359 --> 00:23:37,639
Speaker 13: Lately?

501
00:23:37,680 --> 00:23:42,200
Speaker 12: Trump has been reviving his old tune of American carnage

502
00:23:42,320 --> 00:23:44,879
Speaker 12: and all of that in the comments that he's been making.

503
00:23:45,080 --> 00:23:48,640
Speaker 4: We are a nation in decline, we were a foiled nation.

504
00:23:48,880 --> 00:23:50,760
Speaker 12: Well, that wasn't the vibe last night, was it? And

505
00:23:51,000 --> 00:23:53,280
Speaker 12: Hillary Clinton, I guess encapsulated some of that.

506
00:23:53,560 --> 00:23:56,080
Speaker 14: This is our time America.

507
00:23:56,480 --> 00:23:59,760
Speaker 11: There says when we stand up, there says when.

508
00:23:59,560 --> 00:24:02,680
Speaker 7: We right through, the future is hair.

509
00:24:03,080 --> 00:24:05,800
Speaker 4: It's at our lads goal.

510
00:24:07,160 --> 00:24:07,360
Speaker 3: Well.

511
00:24:07,359 --> 00:24:10,959
Speaker 12: Biden took on specific issues where Republicans have been leading

512
00:24:11,000 --> 00:24:13,280
Speaker 12: in the polls, while crime, he set, has dropped to

513
00:24:13,280 --> 00:24:15,560
Speaker 12: the lowest level in fifty years. On immigration, he noted

514
00:24:15,600 --> 00:24:18,520
Speaker 12: that Trump killed the strongest bipartisan border the Liver and

515
00:24:18,600 --> 00:24:22,760
Speaker 12: since then, as a result of his presidential action, Biden

516
00:24:22,840 --> 00:24:25,520
Speaker 12: said border encounters are lower now than when Trump left office.

517
00:24:25,520 --> 00:24:28,000
Speaker 12: On the war in Gaza, Biden said specifically he has

518
00:24:28,240 --> 00:24:32,640
Speaker 12: sympathies for Palestinian protesters in Chicago and elsewhere in call

519
00:24:32,680 --> 00:24:34,320
Speaker 12: for an end of the war and a surgeon aid

520
00:24:34,400 --> 00:24:37,440
Speaker 12: for Gaza. That was pretty direct. Former Trump white House

521
00:24:37,440 --> 00:24:41,399
Speaker 12: Press Secretary Stephanie Grisham will speak at the Democratic Convention tonight.

522
00:24:41,480 --> 00:24:44,159
Speaker 12: She split with Trump after his role in the January

523
00:24:44,200 --> 00:24:47,439
Speaker 12: the sixth Riots. Meantime, former Trump Chief of Staff and

524
00:24:47,480 --> 00:24:51,560
Speaker 12: retired Marine General John Kelly today is slamming Trump's latest

525
00:24:51,600 --> 00:24:55,480
Speaker 12: claimed that the Presidential Medal of Freedom for civilians is

526
00:24:55,520 --> 00:24:57,199
Speaker 12: better than the Middle of Honor for the military. Not

527
00:24:57,280 --> 00:25:00,960
Speaker 12: even close, says Kelly, who says Trump called military vets

528
00:25:00,960 --> 00:25:04,359
Speaker 12: who died in France suckers and losers. Here's what Trump

529
00:25:04,400 --> 00:25:07,520
Speaker 12: said about the honor given to Miriam Adelson, the wife

530
00:25:07,560 --> 00:25:09,760
Speaker 12: of billionaire Trump donu.

531
00:25:10,119 --> 00:25:13,720
Speaker 4: It's the equivalent of the Congressional Medal of Honor, but

532
00:25:13,880 --> 00:25:18,359
Speaker 4: civilian version. It's actually much better because everyone gets the

533
00:25:18,480 --> 00:25:22,080
Speaker 4: Congressional Medal of Honor. That soldiers they're either in very

534
00:25:22,119 --> 00:25:24,920
Speaker 4: bad shape because they've been hit so many times by bullets,

535
00:25:25,040 --> 00:25:29,000
Speaker 4: or they're dead. She gets it, and she's a healthy,

536
00:25:29,080 --> 00:25:29,960
Speaker 4: beautiful woman.

537
00:25:31,600 --> 00:25:34,280
Speaker 12: A lot of those military awards are given posthumously for

538
00:25:34,320 --> 00:25:38,560
Speaker 12: troops who had put their lives on the line deliberately,

539
00:25:38,600 --> 00:25:41,200
Speaker 12: like retired Army Colonel Jack Jacobs, the Medal of Honor

540
00:25:41,240 --> 00:25:44,399
Speaker 12: recipient whose battalion came under heavy machine gun fire and

541
00:25:44,480 --> 00:25:48,600
Speaker 12: mortifier in Vietnam, Colonel assuming command, then setting up a

542
00:25:48,600 --> 00:25:51,399
Speaker 12: defensive line despite his own head wounds, which had his

543
00:25:51,640 --> 00:25:54,480
Speaker 12: face covered in blood. Then he evacuated a seriously wounded

544
00:25:54,520 --> 00:25:57,760
Speaker 12: advisor and gave life saving first aid to that man.

545
00:25:57,880 --> 00:26:01,320
Speaker 12: He then returned for repeated trips through the firing line

546
00:26:01,320 --> 00:26:04,520
Speaker 12: with shots flying around his head at every second, and

547
00:26:04,600 --> 00:26:07,480
Speaker 12: saving fourteen other individuals.

548
00:26:07,520 --> 00:26:10,119
Speaker 2: See you're Friday, mate, appreciate it. Richard Arnold stateside the

549
00:26:10,119 --> 00:26:13,640
Speaker 2: introduction to Biden from his daughter was I thought exceptional.

550
00:26:14,000 --> 00:26:16,480
Speaker 2: Steve Kerr, who's the Golden State Warrior's coach. I was

551
00:26:16,480 --> 00:26:19,119
Speaker 2: surprised to see him there, but he was and a

552
00:26:19,119 --> 00:26:21,800
Speaker 2: former bull, of course, Chicago Bull. The conventions being held

553
00:26:21,800 --> 00:26:25,600
Speaker 2: in the Chicago Bulls Arena, so he was very very good.

554
00:26:26,000 --> 00:26:28,040
Speaker 2: Probably a little bit too much aggression if you worry

555
00:26:28,040 --> 00:26:30,920
Speaker 2: about Trump being aggressive. A lot of Democrats are very angry,

556
00:26:30,960 --> 00:26:33,520
Speaker 2: angsty sort of people. Is a bit too much of that, probably, Santos.

557
00:26:33,560 --> 00:26:36,000
Speaker 2: By the way, just before we leave America, George, remember him.

558
00:26:36,320 --> 00:26:39,760
Speaker 2: Krook somehow found himself and got voted in into the

559
00:26:39,760 --> 00:26:42,640
Speaker 2: House of Reps. He pleaded guilty yesterday. They cut a deal.

560
00:26:42,680 --> 00:26:44,280
Speaker 2: He was going to jail for a very long time.

561
00:26:44,359 --> 00:26:47,560
Speaker 2: So we've got to get the actual sentence minimum two

562
00:26:47,680 --> 00:26:50,159
Speaker 2: years and maximum twenty two years, and he's got to

563
00:26:50,200 --> 00:26:52,919
Speaker 2: pay back several hundred thousand dollars. But he was wandering

564
00:26:52,920 --> 00:26:55,160
Speaker 2: around the hills of power till they officially booted him out,

565
00:26:55,160 --> 00:26:57,000
Speaker 2: the first person ever to be booted out. Anyway, he

566
00:26:57,040 --> 00:27:00,040
Speaker 2: cut a deal. Est today, nine minutes away from seven.

567
00:27:00,800 --> 00:27:05,080
Speaker 1: The make hosting Rapist with Bailey's real Estate Hu's Talk Sidney.

568
00:27:04,920 --> 00:27:07,119
Speaker 2: Stupid, a story of the week has been sorted. This

569
00:27:07,200 --> 00:27:11,040
Speaker 2: is Disney Bloke's wife dies Jeffrey Piccolo. He's at Disney

570
00:27:11,040 --> 00:27:14,600
Speaker 2: World in Florida. She has an allergic reaction to some

571
00:27:14,640 --> 00:27:18,040
Speaker 2: food in the restaurant. He goes to sue them. They say,

572
00:27:18,119 --> 00:27:20,720
Speaker 2: hold on, buddy, you signed up to Disney Plus in

573
00:27:20,760 --> 00:27:23,040
Speaker 2: twenty nineteen. Read the fine print, and if you sign

574
00:27:23,119 --> 00:27:25,280
Speaker 2: up to Disney Plus, you can't sue us in court.

575
00:27:25,520 --> 00:27:29,120
Speaker 2: You've got to go to arbitration. Everyone goes what anyway,

576
00:27:29,160 --> 00:27:31,879
Speaker 2: So we believe quote unquote they've said this overnight. We

577
00:27:31,920 --> 00:27:34,840
Speaker 2: believe the situation warrants is a sensitive approach, no kidding.

578
00:27:35,640 --> 00:27:37,480
Speaker 2: Probably some lawyer's got to them to say, you guys

579
00:27:37,480 --> 00:27:39,960
Speaker 2: are idiots, stop making fools of yourself and do something

580
00:27:40,000 --> 00:27:43,240
Speaker 2: about it. As such, we've decided to wave outright to arbitration.

581
00:27:43,440 --> 00:27:46,240
Speaker 2: So no arbitration. They're going straight to court. Mister Piccolo

582
00:27:46,280 --> 00:27:49,080
Speaker 2: is going to get his day in court. I don't

583
00:27:49,080 --> 00:27:51,240
Speaker 2: think he's gonna win, but at least you'll get his

584
00:27:51,320 --> 00:27:52,960
Speaker 2: day in court. Five away from seven.

585
00:27:54,000 --> 00:27:57,280
Speaker 1: Well, the ins and the outs, it's the fizz with

586
00:27:57,520 --> 00:28:00,920
Speaker 1: business favor. Take your business productivity to the next level.

587
00:28:01,200 --> 00:28:03,399
Speaker 2: John on the Farm talked about soon lay. We've got

588
00:28:03,480 --> 00:28:05,960
Speaker 2: numbers from beef and lamb stats on stock numbers. Survey

589
00:28:06,000 --> 00:28:08,159
Speaker 2: shows are dropping both the sheep and the cattle numbers.

590
00:28:08,160 --> 00:28:10,200
Speaker 2: So sheep numbers are down four point three percent. We've

591
00:28:10,240 --> 00:28:13,080
Speaker 2: got twenty three point three one million sheep in this

592
00:28:13,119 --> 00:28:15,320
Speaker 2: country are breeding us a down two point nine percent.

593
00:28:15,359 --> 00:28:17,560
Speaker 2: Trading sheep stock numbers are down seven point nine None

594
00:28:17,560 --> 00:28:20,760
Speaker 2: of us is good. The decline and use and the

595
00:28:20,760 --> 00:28:24,520
Speaker 2: lower expected lambing number are The lamb crop has estimated

596
00:28:24,560 --> 00:28:26,560
Speaker 2: to drop by four point eight percent as well. That's

597
00:28:26,640 --> 00:28:30,280
Speaker 2: a million, Just like that, that's a million sheep beef

598
00:28:30,760 --> 00:28:32,640
Speaker 2: not a lot better cattle numbers are down two point

599
00:28:32,680 --> 00:28:36,040
Speaker 2: eight over all South Ireland seven point one and that's

600
00:28:36,080 --> 00:28:37,680
Speaker 2: the drought of course, in the rain in Canterbury, so

601
00:28:37,760 --> 00:28:40,560
Speaker 2: you don't need cows. See recently, what was happening is

602
00:28:40,560 --> 00:28:42,800
Speaker 2: the stock numbers dropped as a result of converting farms

603
00:28:42,880 --> 00:28:46,120
Speaker 2: into forestry, which is another debate in and of itself,

604
00:28:46,880 --> 00:28:49,240
Speaker 2: and I must get around. I read a fascinating piece

605
00:28:49,280 --> 00:28:53,280
Speaker 2: about solar on farms and there's real angst in Australia

606
00:28:53,320 --> 00:28:55,440
Speaker 2: at the moment about that sort of thing on farms

607
00:28:55,480 --> 00:28:57,920
Speaker 2: and a lot of people like Barnaby Joyce hate and

608
00:28:57,960 --> 00:29:00,000
Speaker 2: they don't want windmills and they don't want solar pace.

609
00:29:00,360 --> 00:29:02,920
Speaker 2: And yet the report, I said, says it's nothing but

610
00:29:02,960 --> 00:29:05,040
Speaker 2: good for the farmer. But anyway, that's for another day.

611
00:29:05,320 --> 00:29:08,280
Speaker 2: So normally you'd get the conversion from land to forestry.

612
00:29:08,800 --> 00:29:11,480
Speaker 2: Nowadays you're getting it. You can't make any money from

613
00:29:11,520 --> 00:29:14,720
Speaker 2: a sheep, whether it's wool or meat, and then it

614
00:29:14,760 --> 00:29:18,200
Speaker 2: doesn't rain anyway, so that's why we're de stocking basically.

615
00:29:18,280 --> 00:29:21,720
Speaker 2: So it's all unfortunate. While we're seeing some shoots of

616
00:29:22,040 --> 00:29:25,640
Speaker 2: light in certain parts of the economy, the old farm

617
00:29:25,680 --> 00:29:28,719
Speaker 2: business is still a difficult one which brings us nicely

618
00:29:28,800 --> 00:29:31,240
Speaker 2: to banking because one of the things the government is

619
00:29:31,240 --> 00:29:34,040
Speaker 2: particularly concerned about is the way the rural community is

620
00:29:34,040 --> 00:29:36,680
Speaker 2: being treated by the banks in this country. It's part

621
00:29:36,680 --> 00:29:39,040
Speaker 2: of the com Kong report yesterday. So between the ComCom

622
00:29:39,120 --> 00:29:42,080
Speaker 2: yesterday and Nicola willis lining themselves up, the bank's got

623
00:29:42,080 --> 00:29:44,360
Speaker 2: a beating. So the banks fight back this morning, and

624
00:29:44,400 --> 00:29:46,280
Speaker 2: it's going to be interesting to see where this thing goes,

625
00:29:46,480 --> 00:29:48,680
Speaker 2: if anywhere. As I suggested earlier on this morning, it's

626
00:29:48,680 --> 00:29:52,760
Speaker 2: probably going nowhere material. But nevertheless, Antonio Antonio Watson is

627
00:29:52,760 --> 00:29:54,600
Speaker 2: the head of the head of the A and said

628
00:29:54,600 --> 00:29:56,000
Speaker 2: she's with us in the next half hour of the

629
00:29:56,000 --> 00:29:58,680
Speaker 2: program Politics Wednesday as well after eight o'clock this morning,

630
00:29:58,680 --> 00:30:02,360
Speaker 2: Mark Mitchell and Ginny and meantime News is next. The

631
00:30:02,600 --> 00:30:03,600
Speaker 2: News Talks HEADB.

632
00:30:06,240 --> 00:30:11,640
Speaker 1: Big News, Bold Opinions, the Mic Hosking Breakfast with Bailey's

633
00:30:11,640 --> 00:30:15,760
Speaker 1: Real Estate, your local experts across residential, commercial and rural

634
00:30:15,840 --> 00:30:16,840
Speaker 1: News Talks HEADB.

635
00:30:16,760 --> 00:30:18,880
Speaker 2: On seven past seven are what to do with the banks?

636
00:30:18,880 --> 00:30:21,680
Speaker 2: The ComCom reports reasonably clear and the Finance Minister ran

637
00:30:21,760 --> 00:30:21,960
Speaker 2: with it.

638
00:30:24,400 --> 00:30:29,600
Speaker 15: They lack innovation and they do not aggressively compete for customers. Instead,

639
00:30:29,960 --> 00:30:33,360
Speaker 15: competition resembles a cozy pillow fight.

640
00:30:33,600 --> 00:30:36,800
Speaker 2: Government has accepted all fourteen recommendations. Chief Executive of the

641
00:30:36,840 --> 00:30:39,040
Speaker 2: A and z Antonio Watson's with us good morning to you.

642
00:30:39,920 --> 00:30:40,680
Speaker 6: Good morning Mike.

643
00:30:40,800 --> 00:30:43,320
Speaker 2: How much of what the ComCom seed yesterday is accurate

644
00:30:43,360 --> 00:30:43,960
Speaker 2: in your view?

645
00:30:45,200 --> 00:30:48,880
Speaker 6: Well, they've made fourteen recommendations and they're really sort of

646
00:30:48,960 --> 00:30:51,200
Speaker 6: recommendations are based on a lot of work they've done

647
00:30:51,200 --> 00:30:53,160
Speaker 6: over the last year, and we're broadly.

648
00:30:52,920 --> 00:30:53,800
Speaker 7: Supportive of them.

649
00:30:54,280 --> 00:30:57,360
Speaker 6: What I would disagree with is their characterization of the

650
00:30:57,440 --> 00:30:59,880
Speaker 6: sector is uncompetitive. I think I stood in front of

651
00:31:00,240 --> 00:31:02,440
Speaker 6: of our staff and say, how competitive do you think

652
00:31:02,480 --> 00:31:04,880
Speaker 6: it is out there? And they are fighting every day

653
00:31:05,040 --> 00:31:08,160
Speaker 6: to win and retain customers and have been since since

654
00:31:08,200 --> 00:31:11,440
Speaker 6: eighteen forty. So we really back ourselves that it's a

655
00:31:11,480 --> 00:31:19,760
Speaker 6: competitive industry. And also the characterization of profitability is yes, look,

656
00:31:19,800 --> 00:31:22,640
Speaker 6: we are amongst the more profitable banks in the world,

657
00:31:22,800 --> 00:31:25,080
Speaker 6: but we have to look at who we're comparing ourselves to.

658
00:31:25,200 --> 00:31:28,440
Speaker 6: We're comparing ourselves to banks and countries where they're earning

659
00:31:29,320 --> 00:31:32,120
Speaker 6: well below cost of capital, sometimes below the New Zealand

660
00:31:32,160 --> 00:31:34,320
Speaker 6: ten year government bond rate, which is a which you

661
00:31:34,400 --> 00:31:38,400
Speaker 6: call a risk free rate. We unfortunately in New Zealand. Gosh,

662
00:31:38,400 --> 00:31:39,760
Speaker 6: I mean, I'd love for us to be a key

663
00:31:39,800 --> 00:31:41,480
Speaker 6: we owned bank, right, I think we'd all love that.

664
00:31:42,000 --> 00:31:44,120
Speaker 6: But we can't afford to own our own banks. So

665
00:31:44,160 --> 00:31:47,200
Speaker 6: we need the attract offshore capital, and so we need

666
00:31:47,240 --> 00:31:49,640
Speaker 6: to provide a return that in our case is modestly

667
00:31:49,640 --> 00:31:50,760
Speaker 6: above our cost of capital.

668
00:31:50,920 --> 00:31:52,760
Speaker 2: Let me come back to the capitalization a QI bank

669
00:31:52,760 --> 00:31:54,800
Speaker 2: in just a moment, the fact you couldn't argue your

670
00:31:54,840 --> 00:31:57,440
Speaker 2: case to a point that the ComCom said, sorry, we're wrong,

671
00:31:57,480 --> 00:31:59,760
Speaker 2: and you are right after all? How come you couldn't

672
00:31:59,760 --> 00:32:00,880
Speaker 2: get that across the line.

673
00:32:01,600 --> 00:32:03,640
Speaker 6: We tried really hard, Mike. I think we're looking at

674
00:32:03,640 --> 00:32:06,560
Speaker 6: different things. We're looking at we're saying, you know, absolutely

675
00:32:06,560 --> 00:32:09,600
Speaker 6: you look around the world, we are among the more profitable,

676
00:32:10,080 --> 00:32:12,040
Speaker 6: and that to them is a proof that there isn't

677
00:32:12,080 --> 00:32:16,160
Speaker 6: competition to us. That's evidence that we've got strong, stable

678
00:32:16,240 --> 00:32:18,040
Speaker 6: banks that we need to have to be able to

679
00:32:18,160 --> 00:32:19,920
Speaker 6: track that strong capital here and to be able to

680
00:32:19,920 --> 00:32:21,120
Speaker 6: support the que economy.

681
00:32:21,400 --> 00:32:25,400
Speaker 2: If you capitalized qubank to whatever extent, by whatever means,

682
00:32:25,480 --> 00:32:27,520
Speaker 2: would it make a material difference.

683
00:32:28,560 --> 00:32:31,240
Speaker 6: Look, we welcome any competition. We back it like you do, Mike.

684
00:32:31,280 --> 00:32:34,160
Speaker 6: We back ourselves to work against against all competitions. So

685
00:32:34,680 --> 00:32:37,800
Speaker 6: if that is an outcome of this of the study,

686
00:32:38,320 --> 00:32:38,720
Speaker 6: bring it on.

687
00:32:39,120 --> 00:32:41,240
Speaker 2: Here's here's where I walk along because I'm just a punter.

688
00:32:41,600 --> 00:32:43,360
Speaker 2: I look at your profit, I look at your margins.

689
00:32:43,440 --> 00:32:46,320
Speaker 2: Your margins are higher here than they are in Australia.

690
00:32:46,400 --> 00:32:48,280
Speaker 2: I don't like the look of that. You would counter

691
00:32:48,320 --> 00:32:50,320
Speaker 2: that by saying, Adriana has got too many rules? Is

692
00:32:50,360 --> 00:32:50,680
Speaker 2: that fair?

693
00:32:51,080 --> 00:32:51,240
Speaker 1: No?

694
00:32:51,480 --> 00:32:53,360
Speaker 6: I would counter that by saying, I'm so glad you

695
00:32:53,360 --> 00:32:55,360
Speaker 6: asked that question, Mike, because I just want to do

696
00:32:55,440 --> 00:32:58,760
Speaker 6: some misbusting here. In the first half of the year,

697
00:32:59,280 --> 00:33:02,080
Speaker 6: our parent A and Z reporter one point five six

698
00:33:02,080 --> 00:33:04,600
Speaker 6: percent margin. That was for the entire A and Z

699
00:33:04,720 --> 00:33:08,280
Speaker 6: business all around the world, thirty countries, including in particular

700
00:33:08,320 --> 00:33:13,240
Speaker 6: our institutional and markets businesses. Commentators who probably should have

701
00:33:13,280 --> 00:33:15,520
Speaker 6: known better were comparing that to the number that they

702
00:33:15,680 --> 00:33:18,840
Speaker 6: disclosed to New Zealand, which was two point five six percent.

703
00:33:18,920 --> 00:33:21,240
Speaker 6: So the yes, that sounds like a big difference. The

704
00:33:21,280 --> 00:33:24,320
Speaker 6: two point five six percent is for our let's call

705
00:33:24,360 --> 00:33:27,960
Speaker 6: it our consumer and our privately owned business segments. If

706
00:33:28,000 --> 00:33:31,360
Speaker 6: you compare that to the same segments in Australia which

707
00:33:31,400 --> 00:33:35,000
Speaker 6: are publicly disclosed. Their combined margin is two point five

708
00:33:35,040 --> 00:33:38,640
Speaker 6: to two percent. So there is a very small difference

709
00:33:38,640 --> 00:33:40,840
Speaker 6: in margin that will fluctuate over time. But we're not

710
00:33:40,920 --> 00:33:43,320
Speaker 6: talking about the numbers that were being talked about back then.

711
00:33:43,560 --> 00:33:45,640
Speaker 2: Okay, let's accept that what you're saying is correct, and

712
00:33:46,080 --> 00:33:47,760
Speaker 2: you'd put me in the commentary in that because I

713
00:33:47,800 --> 00:33:49,600
Speaker 2: got that wrong. Of what you've said is just correct.

714
00:33:51,240 --> 00:33:53,640
Speaker 6: You were listening to people who were commentating about it.

715
00:33:53,640 --> 00:33:54,520
Speaker 6: I don't blame you for that.

716
00:33:54,800 --> 00:33:58,120
Speaker 2: Okay. So you can't convince the government, and you can't

717
00:33:58,160 --> 00:34:00,920
Speaker 2: convince the ComCom You probably can't convince a lot of

718
00:34:00,960 --> 00:34:03,479
Speaker 2: punters who see hundreds of millions of dollars in profit.

719
00:34:03,840 --> 00:34:04,480
Speaker 2: What do we do.

720
00:34:06,360 --> 00:34:06,600
Speaker 3: Well?

721
00:34:06,920 --> 00:34:11,000
Speaker 6: The comments Commission made fourteen really sound recommendations. Let's let's

722
00:34:11,000 --> 00:34:13,279
Speaker 6: give them a shot. As I say, we welcome more,

723
00:34:13,760 --> 00:34:15,400
Speaker 6: we welcome more competition in the sector.

724
00:34:15,640 --> 00:34:18,040
Speaker 2: Do you think anything material will actually come out of this?

725
00:34:18,080 --> 00:34:19,520
Speaker 2: And what I mean, what does it look like? See

726
00:34:19,640 --> 00:34:21,760
Speaker 2: all the reading I'm doing, for example, on open banking

727
00:34:21,760 --> 00:34:24,640
Speaker 2: in Australia in theory. Fine, do it if you want to.

728
00:34:24,680 --> 00:34:26,760
Speaker 2: I don't care. It doesn't work. It hasn't worked. People

729
00:34:26,760 --> 00:34:29,520
Speaker 2: don't swap between banks for fundies. It doesn't make a

730
00:34:29,560 --> 00:34:32,799
Speaker 2: material difference. You guys compete on money. The money is

731
00:34:32,840 --> 00:34:35,439
Speaker 2: the money. I just don't see where any of this goes,

732
00:34:35,480 --> 00:34:38,040
Speaker 2: apart from having them yet again a big gab fest.

733
00:34:38,840 --> 00:34:40,600
Speaker 6: Well, one of the good things that one of the

734
00:34:40,640 --> 00:34:43,000
Speaker 6: advantages we have in New Zealand and being and being

735
00:34:43,000 --> 00:34:45,160
Speaker 6: a fast follower on open banking is we can look

736
00:34:45,160 --> 00:34:49,319
Speaker 6: at what's worked elsewhere in the world and do things

737
00:34:49,360 --> 00:34:51,319
Speaker 6: that really make sense for customers. You know, and some

738
00:34:51,360 --> 00:34:55,200
Speaker 6: of the other countries that implemented open banking. You need

739
00:34:55,280 --> 00:34:57,279
Speaker 6: to think, what are the use cases that customers want

740
00:34:57,320 --> 00:34:59,360
Speaker 6: to do that want some easy payments, they want to

741
00:34:59,400 --> 00:35:02,799
Speaker 6: be able to have bet at budgeting tools, all those

742
00:35:02,840 --> 00:35:05,560
Speaker 6: sorts of things. How can we make our open banking

743
00:35:05,560 --> 00:35:07,920
Speaker 6: work so customers find it really valuable? And I think

744
00:35:07,960 --> 00:35:09,160
Speaker 6: that's an opportunity that we have.

745
00:35:09,640 --> 00:35:11,360
Speaker 2: Will if I get you back on the program in

746
00:35:11,400 --> 00:35:13,880
Speaker 2: a year two years, will things be different that we

747
00:35:13,880 --> 00:35:15,200
Speaker 2: can all see? Or you don't think so?

748
00:35:16,600 --> 00:35:19,000
Speaker 6: Well, I still beck ourselves to be the largest bank

749
00:35:19,000 --> 00:35:20,440
Speaker 6: in New Zealand. I'm really proud of that.

750
00:35:20,520 --> 00:35:22,480
Speaker 2: You but that's not about me. It's about you, and

751
00:35:22,560 --> 00:35:24,719
Speaker 2: good on you for being that. But I'm saying, will things.

752
00:35:24,719 --> 00:35:26,240
Speaker 2: Will I be able to look at the banking system

753
00:35:26,280 --> 00:35:27,719
Speaker 2: in this country and go, oh, thank god we had

754
00:35:27,719 --> 00:35:29,640
Speaker 2: a ComCom report, thank god we had a government did

755
00:35:29,680 --> 00:35:30,960
Speaker 2: something about it or not.

756
00:35:32,000 --> 00:35:34,080
Speaker 6: I think you'll be able to look at open banking

757
00:35:34,120 --> 00:35:36,640
Speaker 6: and see material progress on it. And I think that's

758
00:35:36,680 --> 00:35:39,239
Speaker 6: a really good thing. What they do with things like

759
00:35:39,320 --> 00:35:42,400
Speaker 6: quwibank regulation, that's not up to me. So you know,

760
00:35:42,880 --> 00:35:45,040
Speaker 6: we may success and change here. It's a really hard

761
00:35:45,080 --> 00:35:49,320
Speaker 6: position for regulators to balance that competition versus safety and

762
00:35:49,360 --> 00:35:51,520
Speaker 6: security of the banking system, so I don't enviy them.

763
00:35:51,800 --> 00:35:53,480
Speaker 2: Okay, nice to talk to you. Appreciate it very much.

764
00:35:53,480 --> 00:35:56,239
Speaker 2: Antonio Watson, who's the A and ZED CEO. Thirteen minutes

765
00:35:56,320 --> 00:35:58,799
Speaker 2: past seven. I'll get this point before I forget. One

766
00:35:58,800 --> 00:36:00,759
Speaker 2: of the things the government argued today is what we

767
00:36:00,800 --> 00:36:03,160
Speaker 2: want with this open banking. Open banking won't work. And

768
00:36:03,239 --> 00:36:05,200
Speaker 2: you know why it won't work because we've got open

769
00:36:05,239 --> 00:36:09,040
Speaker 2: electricity movement in the electricity market. You've got people changing

770
00:36:09,080 --> 00:36:11,359
Speaker 2: companies left, right and center. It's not hard to change

771
00:36:11,360 --> 00:36:14,839
Speaker 2: an electricity company and people are fabulous. Has that made

772
00:36:14,840 --> 00:36:16,320
Speaker 2: the electricity market workable.

773
00:36:16,520 --> 00:36:16,680
Speaker 1: No.

774
00:36:17,440 --> 00:36:19,279
Speaker 2: On the same day they were telling us how if

775
00:36:19,320 --> 00:36:22,240
Speaker 2: you could just swap banks, it would make so much difference.

776
00:36:22,600 --> 00:36:25,520
Speaker 2: They put out another report on the power business where

777
00:36:25,520 --> 00:36:29,040
Speaker 2: you can swap companies and it's made no difference. Joined

778
00:36:29,120 --> 00:36:33,759
Speaker 2: some dots thirteen past seven Sky. So it turns out

779
00:36:33,760 --> 00:36:35,680
Speaker 2: that the police have not been enforcing the law that

780
00:36:35,719 --> 00:36:38,279
Speaker 2: bans smoking and vaping in cars with kids. So three

781
00:36:38,360 --> 00:36:40,200
Speaker 2: years after the law was passed, no finds have been

782
00:36:40,200 --> 00:36:42,799
Speaker 2: handed out. What's going on here? Chris Carhill of the

783
00:36:43,000 --> 00:36:44,920
Speaker 2: Police Association with US, good morning.

784
00:36:45,440 --> 00:36:46,200
Speaker 10: Good morning, mind.

785
00:36:46,239 --> 00:36:47,719
Speaker 2: Did you do this deliberately or not?

786
00:36:49,120 --> 00:36:51,560
Speaker 10: I think probably deliberately you pass the silly law. It's

787
00:36:51,560 --> 00:36:53,759
Speaker 10: probably going to get ignored to a degree. I think

788
00:36:53,800 --> 00:36:56,399
Speaker 10: it's prior from police. It's a priority point of view.

789
00:36:57,320 --> 00:36:59,960
Speaker 10: They can't do everything, and this probably creately fell up

790
00:37:00,040 --> 00:37:02,200
Speaker 10: a priority list. But then it's going to boil down

791
00:37:02,239 --> 00:37:05,719
Speaker 10: the individual officers who have discretion, and I suspect most

792
00:37:05,719 --> 00:37:08,080
Speaker 10: of them again to find there's much more important things

793
00:37:08,120 --> 00:37:10,040
Speaker 10: to do with how I think this is a priority.

794
00:37:10,080 --> 00:37:12,480
Speaker 10: Perhaps they should get out and spend their time and

795
00:37:12,600 --> 00:37:15,719
Speaker 10: money on educating people, and they want to they can

796
00:37:15,719 --> 00:37:16,800
Speaker 10: pick up the mental health.

797
00:37:17,280 --> 00:37:18,879
Speaker 2: So what I want you to do is pull over

798
00:37:18,960 --> 00:37:21,880
Speaker 2: the car, check the license, check the warrant, check the drugs,

799
00:37:21,960 --> 00:37:24,240
Speaker 2: check the drink. Then you get get to checking the vaping.

800
00:37:24,360 --> 00:37:28,120
Speaker 10: Is that how it exactly? I mean, please have to

801
00:37:28,200 --> 00:37:29,320
Speaker 10: What do you want us to do? You want to

802
00:37:29,520 --> 00:37:31,759
Speaker 10: three point three million breast screening tests? Do you want

803
00:37:31,840 --> 00:37:33,759
Speaker 10: us to please the gangs? Do you want us to

804
00:37:33,800 --> 00:37:37,160
Speaker 10: do the retail crime, the boy racers, you know that

805
00:37:37,360 --> 00:37:40,000
Speaker 10: walk the beat and Auckland. Please can't do everything, and

806
00:37:40,040 --> 00:37:43,200
Speaker 10: they've clearly decided this isn't a priority. I think when

807
00:37:43,200 --> 00:37:45,160
Speaker 10: this law passed, I said at the time, it's a

808
00:37:45,200 --> 00:37:47,400
Speaker 10: stupid law. It's not what police should we get involved.

809
00:37:47,440 --> 00:37:49,960
Speaker 10: Down to us, you've got un issue was smoking and vaping.

810
00:37:50,000 --> 00:37:51,600
Speaker 10: You deal with it as a house issue, not as

811
00:37:51,600 --> 00:37:52,880
Speaker 10: a policings So ironic.

812
00:37:53,000 --> 00:37:55,960
Speaker 2: I thought too that you've taken a health approach to it,

813
00:37:56,320 --> 00:37:58,520
Speaker 2: and yet the Greens would, who were part of the

814
00:37:58,560 --> 00:38:00,600
Speaker 2: last government to a degree, would I argue you should

815
00:38:00,600 --> 00:38:02,640
Speaker 2: take a health approach to cannabis as well. So they

816
00:38:02,640 --> 00:38:06,400
Speaker 2: want you to enforce vaping but not enforce cannabis. Where's

817
00:38:06,440 --> 00:38:07,160
Speaker 2: the logic in that?

818
00:38:08,400 --> 00:38:11,680
Speaker 10: That seo logic it just doesn't make sense. And look,

819
00:38:11,719 --> 00:38:14,240
Speaker 10: the one thing I do everything turns about these laws,

820
00:38:14,239 --> 00:38:17,640
Speaker 10: wouldn't be wouldn't be a fine started getting dissed out.

821
00:38:17,680 --> 00:38:20,200
Speaker 10: I guarantee you immediately will get issues around the equity

822
00:38:20,239 --> 00:38:23,319
Speaker 10: who's getting given the sign and it will be the

823
00:38:23,320 --> 00:38:25,360
Speaker 10: whole dispute that police aren't being could or in the

824
00:38:25,360 --> 00:38:28,320
Speaker 10: way they operate with those times. It's not the answer.

825
00:38:28,640 --> 00:38:31,600
Speaker 10: It's not going to help these people give up smoking

826
00:38:31,600 --> 00:38:32,400
Speaker 10: and give up vaping.

827
00:38:33,080 --> 00:38:35,560
Speaker 2: No, would you do them for texting as well? So

828
00:38:35,600 --> 00:38:41,040
Speaker 2: you can get them for vaping, texting, drink drugs warrant license.

829
00:38:41,480 --> 00:38:43,080
Speaker 2: Then you could hop in the back seat and give

830
00:38:43,120 --> 00:38:45,719
Speaker 2: them some child advice and education advice at the safe.

831
00:38:46,320 --> 00:38:49,319
Speaker 10: Yeah, and then when they talk about the mental health

832
00:38:49,320 --> 00:38:51,680
Speaker 10: issuers will sit down and give us a captive to.

833
00:38:52,200 --> 00:38:55,680
Speaker 2: Here only Chris nice to talk to your Chris car

834
00:38:55,760 --> 00:39:00,239
Speaker 2: Hill Police Association President. It is sixteen past seven, asking, No,

835
00:39:00,360 --> 00:39:01,600
Speaker 2: we got to go to an ad because I've been

836
00:39:01,600 --> 00:39:03,520
Speaker 2: talking too long, Glen, It's been going on and on

837
00:39:03,400 --> 00:39:05,160
Speaker 2: and on to the whole programs out of control. I

838
00:39:06,360 --> 00:39:08,320
Speaker 2: need to buckle up and redeem myself.

839
00:39:09,640 --> 00:39:13,000
Speaker 1: The like asking Breakfast Full Show podcast on I have

840
00:39:13,200 --> 00:39:15,120
Speaker 1: radio powered by News Talks at.

841
00:39:15,000 --> 00:39:18,400
Speaker 2: B It's eighteen past seven. Our quick question for you,

842
00:39:18,600 --> 00:39:23,400
Speaker 2: is it the media's job literally to report idiocy? In

843
00:39:23,440 --> 00:39:25,759
Speaker 2: other words, in this country? Can you say anything you

844
00:39:25,960 --> 00:39:29,239
Speaker 2: like that, no matter how inherently stupid it is, you'll

845
00:39:29,239 --> 00:39:31,440
Speaker 2: get yourself a headline. I cite the headline and the

846
00:39:31,480 --> 00:39:34,440
Speaker 2: Herald this morning. Northland Maury leader Peter Tiffany, who's been

847
00:39:34,480 --> 00:39:37,719
Speaker 2: around forever, calls on Prime Minister to sack Act from

848
00:39:37,760 --> 00:39:40,080
Speaker 2: the coalition. Now just think about that for a moment.

849
00:39:40,480 --> 00:39:42,319
Speaker 2: This is all to do with the Treaty Relations Bill,

850
00:39:42,360 --> 00:39:45,520
Speaker 2: of course, which doesn't even exist yet. So if Christopher

851
00:39:45,560 --> 00:39:47,600
Speaker 2: Luckson takes a device and goes and sacks Act, what

852
00:39:47,680 --> 00:39:50,279
Speaker 2: then happens? They don't have the numbers to run the

853
00:39:50,280 --> 00:39:52,640
Speaker 2: country anymore. So really it's sort of not going to

854
00:39:52,680 --> 00:39:55,759
Speaker 2: happen as it, it's probably not worth reporting, just my view.

855
00:39:55,760 --> 00:39:57,520
Speaker 2: But speaking of Crystal Luxon, he speaking to the local

856
00:39:57,560 --> 00:39:59,799
Speaker 2: government people today and I hope he sticks it right

857
00:39:59,840 --> 00:40:02,759
Speaker 2: up them, whether sun don't shine. The message he is

858
00:40:02,800 --> 00:40:07,720
Speaker 2: sending them allegedly is pull your head and stop spending

859
00:40:07,760 --> 00:40:09,960
Speaker 2: money like this no tomorrow, because not even your money.

860
00:40:10,400 --> 00:40:12,560
Speaker 2: And if you're going to do charge on average, councils

861
00:40:12,560 --> 00:40:16,200
Speaker 2: in this country. On average, councils in this country are

862
00:40:16,280 --> 00:40:20,120
Speaker 2: charging fourteen percent more for rates this year. And he's

863
00:40:20,160 --> 00:40:23,880
Speaker 2: going to tell them, I hope forcefully do not charge

864
00:40:23,920 --> 00:40:27,600
Speaker 2: fourteen percent more. Then come whining as well to central

865
00:40:27,640 --> 00:40:30,719
Speaker 2: government for even more money. He will tell them this

866
00:40:31,480 --> 00:40:35,399
Speaker 2: in the Tarquina Convention Center value one hundred and eighty

867
00:40:35,440 --> 00:40:38,959
Speaker 2: million dollars spent by the Wellington City Council when really

868
00:40:38,960 --> 00:40:40,759
Speaker 2: they should have been spending money on I don't need

869
00:40:40,960 --> 00:40:44,000
Speaker 2: just let me quit pipes, So spend the money on

870
00:40:44,040 --> 00:40:46,320
Speaker 2: the pipes, not the convention center. Is the Convention Center

871
00:40:46,360 --> 00:40:46,840
Speaker 2: doing well?

872
00:40:46,880 --> 00:40:46,920
Speaker 5: No?

873
00:40:48,120 --> 00:40:50,520
Speaker 2: Is it behind budget yes? Is it making the sort

874
00:40:50,520 --> 00:40:52,640
Speaker 2: of money they thought it would know? Are the pipes

875
00:40:52,719 --> 00:40:55,040
Speaker 2: leaking yes? Are the rates going up a lot and

876
00:40:55,040 --> 00:40:57,640
Speaker 2: Wellington yes. Have they whined to the government to get

877
00:40:57,640 --> 00:40:58,040
Speaker 2: more money.

878
00:40:58,120 --> 00:40:58,359
Speaker 7: Yes.

879
00:40:59,280 --> 00:41:02,360
Speaker 2: So let's hope that goes well for him and my hope,

880
00:41:02,480 --> 00:41:04,960
Speaker 2: my perdant hope is some of them in the room

881
00:41:05,000 --> 00:41:07,719
Speaker 2: actually listen to it and do something about seven twenty.

882
00:41:09,400 --> 00:41:14,040
Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio call

883
00:41:14,120 --> 00:41:15,160
Speaker 1: it by News Talk.

884
00:41:15,040 --> 00:41:18,040
Speaker 2: Zeb right Father's Day just around the corner Real House

885
00:41:18,040 --> 00:41:20,480
Speaker 2: of Fragrances of course his Father's Day Chemists Warehouse, Every

886
00:41:20,480 --> 00:41:23,239
Speaker 2: Father's Day Chemist Warehouse head and store online. Stop paying

887
00:41:23,239 --> 00:41:24,480
Speaker 2: too much? What we got? What have we got? We

888
00:41:24,560 --> 00:41:27,319
Speaker 2: got the Pucker Rabhan in Victis one hundred mil two

889
00:41:27,360 --> 00:41:30,400
Speaker 2: piece set one twenty nine ninety nine. Got the David

890
00:41:30,400 --> 00:41:32,839
Speaker 2: Beckham Instinct seventy five meals for twenty two ninety nine.

891
00:41:33,120 --> 00:41:36,399
Speaker 2: Un beatable prices on Montbrinc Legend one hundred meal better

892
00:41:36,440 --> 00:41:38,000
Speaker 2: than the half price now at the moment seventy four

893
00:41:38,080 --> 00:41:41,200
Speaker 2: ninety nine. What do you c k? Everyone one hundred

894
00:41:41,200 --> 00:41:44,040
Speaker 2: mil who didn't like that sixty nine ninety nine? Dad

895
00:41:44,120 --> 00:41:46,719
Speaker 2: might prefer the Jimmy chu Man one hundred meals three

896
00:41:46,760 --> 00:41:49,640
Speaker 2: piece set only ninety nine ninety nine. This is all

897
00:41:49,640 --> 00:41:52,800
Speaker 2: on till September one. Every fragrance, by the way, ordered

898
00:41:52,800 --> 00:41:55,399
Speaker 2: online Deliberty your all for free, whether you're in store

899
00:41:55,400 --> 00:41:57,480
Speaker 2: browsing online. Don't forget to check out the huge Chemists

900
00:41:57,480 --> 00:42:00,640
Speaker 2: Warehouse range of vitamins, baby essentials, beauty, cosmetic, skin care,

901
00:42:00,840 --> 00:42:03,000
Speaker 2: and be sure to grab something for yourself while you're there.

902
00:42:03,040 --> 00:42:05,960
Speaker 2: It is all on for Father's Day. The savings are

903
00:42:06,000 --> 00:42:09,440
Speaker 2: all over the place, stop paying too much Chemist Warehouse

904
00:42:09,719 --> 00:42:12,359
Speaker 2: pasking sev to twenty four. SOIR Report number two came

905
00:42:12,400 --> 00:42:15,120
Speaker 2: to us from the Electricity Authority, the EA, and it

906
00:42:15,160 --> 00:42:16,600
Speaker 2: told us the power market is a bit of a

907
00:42:16,640 --> 00:42:19,560
Speaker 2: mess and those gent tailors cremit. This is not news.

908
00:42:19,600 --> 00:42:21,080
Speaker 2: Of course, a lot of people who try, and the

909
00:42:21,200 --> 00:42:23,879
Speaker 2: retailers in the power market can't make ends meet because

910
00:42:23,920 --> 00:42:25,719
Speaker 2: the gent tailor messes with the market makes it too

911
00:42:25,760 --> 00:42:28,680
Speaker 2: hard to succeed. When you are making the power and

912
00:42:28,719 --> 00:42:31,279
Speaker 2: then also selling it at retail, why would you cut

913
00:42:31,320 --> 00:42:32,919
Speaker 2: a deal with a person who merely wants to sell

914
00:42:32,960 --> 00:42:35,880
Speaker 2: it alongside you. What you do, according to the report,

915
00:42:36,280 --> 00:42:38,520
Speaker 2: is you keep your profits back in the generation side

916
00:42:38,520 --> 00:42:41,000
Speaker 2: of the equation. Look like you're competing with the other

917
00:42:41,080 --> 00:42:44,720
Speaker 2: retailers on a level playing field. Interestingly, the power market

918
00:42:44,920 --> 00:42:47,160
Speaker 2: has a couple of things the banking market might learn from.

919
00:42:47,360 --> 00:42:50,560
Speaker 2: Unlike banking, a lot of people switch power providers. It's

920
00:42:50,600 --> 00:42:52,440
Speaker 2: easy and the churn is high. People do it all

921
00:42:52,480 --> 00:42:54,600
Speaker 2: the time. But does that make your power better or

922
00:42:54,640 --> 00:42:57,880
Speaker 2: the market more efficient? Apparently not, given we're having reports

923
00:42:57,920 --> 00:43:00,680
Speaker 2: and we have upset, so open banking might not be

924
00:43:00,719 --> 00:43:02,040
Speaker 2: the panacea they hope it is.

925
00:43:02,280 --> 00:43:02,400
Speaker 13: Are.

926
00:43:02,440 --> 00:43:05,200
Speaker 2: There is seemingly no real barrier to retail entry in

927
00:43:05,239 --> 00:43:07,640
Speaker 2: this country. We have lots of players, lots of choice.

928
00:43:07,880 --> 00:43:10,719
Speaker 2: Has that helped apparently not. You might find the same

929
00:43:10,719 --> 00:43:13,040
Speaker 2: thing in banking, and in that I suspect is the

930
00:43:13,040 --> 00:43:16,840
Speaker 2: real lesson here. It's industry whack a mole. For everything

931
00:43:16,960 --> 00:43:20,120
Speaker 2: theoretically good, you can point to a problem like banking,

932
00:43:20,320 --> 00:43:22,799
Speaker 2: the power market is broken. The gent tailors, of course,

933
00:43:22,800 --> 00:43:24,759
Speaker 2: have a defense. They are taking their money and they're

934
00:43:24,760 --> 00:43:27,600
Speaker 2: investing in renewables, and to a degree they're right they are.

935
00:43:27,840 --> 00:43:30,480
Speaker 2: But and this is where the previous government caused the problem.

936
00:43:30,719 --> 00:43:34,120
Speaker 2: By obsessing about renewables. We discovered that they don't work

937
00:43:34,320 --> 00:43:37,920
Speaker 2: because they're not reliable. So what's reliable? Gas and coal?

938
00:43:38,120 --> 00:43:41,600
Speaker 2: Hate coal? Stop looking for gas now we have no

939
00:43:41,719 --> 00:43:44,920
Speaker 2: gas and we've never burned more coal. So in that sense,

940
00:43:45,040 --> 00:43:47,640
Speaker 2: the market is broken. It doesn't fundamentally, no matter who

941
00:43:47,640 --> 00:43:50,080
Speaker 2: owns it or runs it, produce what we actually want

942
00:43:50,239 --> 00:43:54,440
Speaker 2: and most importantly, when we actually need it. And like banking,

943
00:43:54,760 --> 00:43:57,480
Speaker 2: reports are easy to write and scraps within the industry

944
00:43:57,640 --> 00:44:00,279
Speaker 2: are easy to have. The big question is what does

945
00:44:00,280 --> 00:44:03,040
Speaker 2: the government do and do they have the legislative gonads

946
00:44:03,080 --> 00:44:05,600
Speaker 2: to do it or is this just another report that

947
00:44:05,800 --> 00:44:11,680
Speaker 2: ends up you know where Hosky is. Mister Luxon not

948
00:44:11,840 --> 00:44:13,840
Speaker 2: just as bad as the Witangi Tribunal by saying you

949
00:44:13,880 --> 00:44:16,120
Speaker 2: won't vote for or support something that hasn't even been

950
00:44:16,120 --> 00:44:20,080
Speaker 2: written or table yet. Andrew, I tend to agree with you,

951
00:44:20,440 --> 00:44:23,400
Speaker 2: but it's a long held position and he's been consistent

952
00:44:23,480 --> 00:44:25,239
Speaker 2: on it. And I think where David Seymour's got a

953
00:44:25,280 --> 00:44:29,080
Speaker 2: little bit shirky or shirty is when they went to

954
00:44:29,160 --> 00:44:31,600
Speaker 2: the Mariah the other day and they Shane Jones and

955
00:44:31,680 --> 00:44:34,960
Speaker 2: Luxon reiterated it. And I think Seymour, deep inside himself

956
00:44:35,040 --> 00:44:38,160
Speaker 2: knows full well he's on a hiding basically to nothing

957
00:44:38,200 --> 00:44:40,680
Speaker 2: with this conversation. But more on that later, Mike, it

958
00:44:40,760 --> 00:44:42,360
Speaker 2: is not up to the police to pick and choose

959
00:44:42,360 --> 00:44:44,480
Speaker 2: the laws they think are okay to enforce. They have

960
00:44:44,520 --> 00:44:46,960
Speaker 2: a job to enforce all laws passed by the legislators.

961
00:44:47,040 --> 00:44:49,520
Speaker 2: They should stop whining and get home with it. And you,

962
00:44:49,600 --> 00:44:53,000
Speaker 2: my friend, are in a group of three this morning.

963
00:44:53,840 --> 00:44:56,360
Speaker 2: Mister Glen and mister Sam are in full agreement with

964
00:44:56,440 --> 00:45:00,000
Speaker 2: you and gave me a full pasting for my pathetic life.

965
00:45:00,080 --> 00:45:04,960
Speaker 2: Lightweight once over, lightly question line and my obvious affinity

966
00:45:05,040 --> 00:45:07,480
Speaker 2: with the police union and mister carr Hill in agreeing

967
00:45:07,520 --> 00:45:13,239
Speaker 2: with him. So I'm taking a beating anyway. It's all

968
00:45:13,280 --> 00:45:16,479
Speaker 2: going to turn around shortly because for the first time

969
00:45:16,520 --> 00:45:21,439
Speaker 2: ever on the Mike Hosking Breakfast, Darlene Tanner is going

970
00:45:21,440 --> 00:45:23,360
Speaker 2: to show up. It will be the only time she

971
00:45:23,400 --> 00:45:26,040
Speaker 2: will be on this program. So make the most of it.

972
00:45:26,040 --> 00:45:29,400
Speaker 2: It could be fantastic. It could be a complete and

973
00:45:29,600 --> 00:45:34,160
Speaker 2: utter bust. Either way, I can do nothing more about.

974
00:45:33,960 --> 00:45:39,880
Speaker 1: It answers from the decision makers the mic Hosking Breakfast

975
00:45:40,080 --> 00:45:44,279
Speaker 1: with a Vita Retirement Communities, Life Your Way News Tog said.

976
00:45:44,360 --> 00:45:46,000
Speaker 2: Be the other thing, by the way, that I forgot

977
00:45:46,040 --> 00:45:48,200
Speaker 2: to mention it didn't have time with Chris Carhill, but

978
00:45:48,239 --> 00:45:51,200
Speaker 2: we'll be bringing up with Mark Mitchell is the seventy

979
00:45:51,320 --> 00:45:55,040
Speaker 2: thousand formal warnings. And this has got nothing to do,

980
00:45:55,080 --> 00:45:58,560
Speaker 2: I don't think with a vaping, but the seventy thousand

981
00:45:58,680 --> 00:46:02,760
Speaker 2: formal warnings the police have issued people. So what happens.

982
00:46:02,800 --> 00:46:05,000
Speaker 2: I'm assuming I've never broken the law and I've never

983
00:46:05,040 --> 00:46:07,360
Speaker 2: had a policeman come knocking on the door, so I

984
00:46:07,360 --> 00:46:09,440
Speaker 2: don't know how it works. But what I'm assuming happens

985
00:46:09,440 --> 00:46:11,880
Speaker 2: with a formal warning is they go, this appears to

986
00:46:11,960 --> 00:46:14,000
Speaker 2: be happening at your house, or you appear to be

987
00:46:14,040 --> 00:46:15,720
Speaker 2: doing this that or the next thing, which is illegal.

988
00:46:15,760 --> 00:46:18,719
Speaker 2: What we're going to do is issue you a formal warning. Now,

989
00:46:18,760 --> 00:46:22,720
Speaker 2: what has happened apparently is if you agree to guilt,

990
00:46:22,719 --> 00:46:24,880
Speaker 2: in other words, you go, yep, maya culpa. It was me.

991
00:46:25,080 --> 00:46:28,120
Speaker 2: I did it missus Smith with a candlestick in the library.

992
00:46:28,440 --> 00:46:31,520
Speaker 2: They will potentially issue you a formal warning that's legal.

993
00:46:32,640 --> 00:46:34,880
Speaker 2: If you go no, I didn't and I don't know

994
00:46:34,880 --> 00:46:37,759
Speaker 2: what you're talking about, and they then issue you a

995
00:46:37,760 --> 00:46:42,919
Speaker 2: formal warning that's illegal. It's been decided it's illegal. And

996
00:46:43,000 --> 00:46:47,080
Speaker 2: so now they've got these seventy thousand and here's what

997
00:46:47,160 --> 00:46:51,600
Speaker 2: I suspect has happened. Because originally when this case was

998
00:46:51,640 --> 00:46:53,960
Speaker 2: taken to court, it was a High Court ruling in

999
00:46:53,960 --> 00:46:56,960
Speaker 2: twenty twenty one from a formal warning issued in twenty

1000
00:46:57,040 --> 00:47:00,359
Speaker 2: nineteen to a teacher accused of grooming of fifty year

1001
00:47:00,360 --> 00:47:03,120
Speaker 2: old student. In that court case, they said that was

1002
00:47:03,120 --> 00:47:06,160
Speaker 2: illegal because the person said I'm not guilty. In the

1003
00:47:06,280 --> 00:47:10,400
Speaker 2: ensuing period from the teacher's formal warning in twenty nineteen

1004
00:47:10,440 --> 00:47:14,240
Speaker 2: to today, police have issued approximately twenty thousand formal warnings.

1005
00:47:14,280 --> 00:47:17,120
Speaker 2: However afterwards at Balloon to ninety two thousand. So in

1006
00:47:17,120 --> 00:47:18,960
Speaker 2: other words, I think what's happened and this will be

1007
00:47:19,040 --> 00:47:21,920
Speaker 2: under the previous Labor government, is that instead of actually

1008
00:47:21,920 --> 00:47:24,520
Speaker 2: doing anything or arresting people or laying charges, they just

1009
00:47:24,560 --> 00:47:27,000
Speaker 2: issued formal warnings. So they issued like tens of thousands

1010
00:47:27,040 --> 00:47:28,640
Speaker 2: of formal warnings and now they've got to do something

1011
00:47:28,640 --> 00:47:32,959
Speaker 2: about them anyway, Mark Mitchell, after eight twenty two minutes

1012
00:47:33,000 --> 00:47:39,240
Speaker 2: away from eight No two year sides star right, perhaps

1013
00:47:39,239 --> 00:47:43,760
Speaker 2: not surprisingly, the agonizing league, lengthy and fantastically tedious Green's

1014
00:47:43,800 --> 00:47:46,480
Speaker 2: approach to Darline Tanner has reached another turning point. She

1015
00:47:46,520 --> 00:47:48,520
Speaker 2: has officially declined their request to quit, and so the

1016
00:47:48,520 --> 00:47:51,319
Speaker 2: party will now presumably enact the Waker jumping law and

1017
00:47:51,360 --> 00:47:53,320
Speaker 2: boot her out in Darlinge Taner as well as a

1018
00:47:53,360 --> 00:47:54,120
Speaker 2: very good morning.

1019
00:47:53,960 --> 00:47:56,960
Speaker 7: To you, Good morning to you too, Kilda.

1020
00:47:57,040 --> 00:48:00,600
Speaker 2: Should the report be released in full? Do you think.

1021
00:48:03,440 --> 00:48:07,439
Speaker 7: I resign myself to I'm actually surprised that it hasn't

1022
00:48:07,440 --> 00:48:09,480
Speaker 7: been leaked already, to be honest.

1023
00:48:09,160 --> 00:48:12,839
Speaker 2: With you, but should it be released in full so

1024
00:48:12,880 --> 00:48:14,319
Speaker 2: we can all read it and all make up our

1025
00:48:14,360 --> 00:48:15,200
Speaker 2: minds once and for all.

1026
00:48:17,160 --> 00:48:19,960
Speaker 7: Look, I think it's very clear for me that I

1027
00:48:20,040 --> 00:48:24,120
Speaker 7: have I do not recognize the findings of the report.

1028
00:48:24,280 --> 00:48:25,920
Speaker 2: I'm not asking you that. I'm just saying, should it

1029
00:48:25,960 --> 00:48:27,640
Speaker 2: be released and full so we can all work out

1030
00:48:27,719 --> 00:48:29,000
Speaker 2: for ourselves whether you're a good or not.

1031
00:48:29,480 --> 00:48:31,440
Speaker 7: You can read it and then you'll make a conclusion.

1032
00:48:31,480 --> 00:48:36,000
Speaker 7: But it doesn't necessarily represent what actually happened. Direct evidence

1033
00:48:36,239 --> 00:48:39,719
Speaker 7: was not taken into account and for investigation, So.

1034
00:48:39,719 --> 00:48:41,000
Speaker 2: That was a stitch up, you think.

1035
00:48:43,200 --> 00:48:45,919
Speaker 7: Look, I've heard the words which hunt absolutely right.

1036
00:48:46,000 --> 00:48:47,879
Speaker 2: So a stitch up. So they played a lawyer. God

1037
00:48:47,920 --> 00:48:49,880
Speaker 2: knows how many tens of thousands of dollars to stitch

1038
00:48:49,880 --> 00:48:50,239
Speaker 2: you up.

1039
00:48:52,320 --> 00:48:54,799
Speaker 7: Look the whole process. For me, it's very clear when

1040
00:48:54,840 --> 00:48:58,520
Speaker 7: I look back on how everything happened. The decision to

1041
00:48:58,600 --> 00:49:02,000
Speaker 7: get me to resign was premeditated from the get go.

1042
00:49:03,000 --> 00:49:04,120
Speaker 2: Why because they don't like you.

1043
00:49:05,239 --> 00:49:07,280
Speaker 7: I become uncomfortable Because.

1044
00:49:07,760 --> 00:49:08,040
Speaker 3: It is.

1045
00:49:09,880 --> 00:49:12,640
Speaker 7: No, they had to become really uncomfortable. I mean, we're

1046
00:49:12,680 --> 00:49:16,880
Speaker 7: on the back of how many very very difficult situations

1047
00:49:16,560 --> 00:49:21,719
Speaker 7: with MPs in Parliament, and so you know, you take

1048
00:49:21,719 --> 00:49:22,920
Speaker 7: it this is you just want to be able to

1049
00:49:22,960 --> 00:49:26,120
Speaker 7: get onto the job, and I just became a fool

1050
00:49:26,120 --> 00:49:29,239
Speaker 7: on this side, and it was just easier and nice,

1051
00:49:29,640 --> 00:49:31,799
Speaker 7: just so much easier if I would have moved on.

1052
00:49:32,239 --> 00:49:35,320
Speaker 2: Do you think that if I read the report in total,

1053
00:49:35,760 --> 00:49:37,920
Speaker 2: I would come to the conclusion that you abused in

1054
00:49:37,960 --> 00:49:39,320
Speaker 2: some way, shape or for migrants.

1055
00:49:40,880 --> 00:49:45,400
Speaker 7: No, the finding doesn't find any conclusion of migrant exploitation

1056
00:49:45,520 --> 00:49:49,839
Speaker 7: at all. The investigation was into how much did I know?

1057
00:49:50,239 --> 00:49:52,759
Speaker 7: Was I likely to have known that whatever it was

1058
00:49:52,760 --> 00:49:55,239
Speaker 7: that my husband was up to in this business, and

1059
00:49:55,280 --> 00:49:58,239
Speaker 7: effectively that's what the report found that I was more

1060
00:49:58,280 --> 00:50:01,200
Speaker 7: than likely to have known on the basis that I'm

1061
00:50:01,239 --> 00:50:02,240
Speaker 7: married to the guy.

1062
00:50:04,000 --> 00:50:07,040
Speaker 2: And the other migrants liars.

1063
00:50:09,040 --> 00:50:10,200
Speaker 7: I would never suggest that.

1064
00:50:10,640 --> 00:50:12,560
Speaker 2: Are they people who don't tell the truth in the

1065
00:50:12,600 --> 00:50:13,720
Speaker 2: most fulsome of nature.

1066
00:50:14,880 --> 00:50:18,520
Speaker 7: Listen, I don't even know the guys so well. Even

1067
00:50:18,560 --> 00:50:21,360
Speaker 7: if I did, I would never accuse somebody of that

1068
00:50:21,840 --> 00:50:24,879
Speaker 7: is that is not not appropriate to do that at all.

1069
00:50:25,120 --> 00:50:28,160
Speaker 7: They're quite within their rights. If they have concerns with

1070
00:50:27,880 --> 00:50:32,120
Speaker 7: their employers, they're quite within their rights to raise those concerns.

1071
00:50:32,120 --> 00:50:35,640
Speaker 7: And if they don't reach restitution, you know, directly with

1072
00:50:35,719 --> 00:50:38,480
Speaker 7: their employer to go through the era process and that's

1073
00:50:38,520 --> 00:50:41,160
Speaker 7: what they've done. That is what is ongoing, and that's

1074
00:50:41,200 --> 00:50:43,960
Speaker 7: the process to deal with that. It's not pulling it

1075
00:50:43,960 --> 00:50:48,160
Speaker 7: into the media just because you know the owner of

1076
00:50:48,160 --> 00:50:49,680
Speaker 7: the business is married to an MP.

1077
00:50:51,040 --> 00:50:53,359
Speaker 2: The Green for Darlene who came up with that, that's

1078
00:50:53,440 --> 00:50:53,920
Speaker 2: quite clever.

1079
00:50:56,200 --> 00:51:02,480
Speaker 7: That was part of our campaigning party. Yeah, so as.

1080
00:51:02,320 --> 00:51:05,840
Speaker 2: You sit here, as you sit here, you're not representing

1081
00:51:05,880 --> 00:51:09,719
Speaker 2: anybody anymore and nobody voted you into parliament and so

1082
00:51:10,280 --> 00:51:13,399
Speaker 2: is there anything within that that sits uncomfortably with you

1083
00:51:13,440 --> 00:51:15,359
Speaker 2: that you think maybe I should do the right thing

1084
00:51:15,360 --> 00:51:16,160
Speaker 2: and just nap off.

1085
00:51:18,200 --> 00:51:22,120
Speaker 7: My decision to stay was extremely considered and taking into

1086
00:51:22,120 --> 00:51:24,920
Speaker 7: account exactly you know, that was one of the key

1087
00:51:24,960 --> 00:51:27,080
Speaker 7: points around mandate do I have.

1088
00:51:27,160 --> 00:51:27,959
Speaker 2: That you don't?

1089
00:51:28,040 --> 00:51:33,799
Speaker 7: And and had I not been inundated with you know,

1090
00:51:34,000 --> 00:51:36,920
Speaker 7: demands to stay because but that's.

1091
00:51:36,840 --> 00:51:39,640
Speaker 2: That's what we call in the industry, Darling, what we

1092
00:51:39,680 --> 00:51:43,040
Speaker 2: call an industry is that's grandmother research. See lots of

1093
00:51:43,080 --> 00:51:45,520
Speaker 2: people every day tell me I'm wonderful. It doesn't necessarily

1094
00:51:45,600 --> 00:51:46,280
Speaker 2: mean it's true.

1095
00:51:46,840 --> 00:51:47,920
Speaker 10: Oh look as.

1096
00:51:47,880 --> 00:51:50,839
Speaker 7: Nice as the opposite as well. But when you when

1097
00:51:51,480 --> 00:51:55,600
Speaker 7: when the messages are coming in three to one over

1098
00:51:55,680 --> 00:51:59,040
Speaker 7: the over the get lost. You have to sit back

1099
00:51:59,040 --> 00:51:59,880
Speaker 7: and you have to think of.

1100
00:52:00,239 --> 00:52:02,560
Speaker 2: That, well, do you because I'm always going.

1101
00:52:02,440 --> 00:52:04,720
Speaker 7: To take I'm also always going to take my cues

1102
00:52:04,760 --> 00:52:06,839
Speaker 7: from the environment. I'm going to go out there and

1103
00:52:06,920 --> 00:52:09,960
Speaker 7: see what's going on. Just tune and that is that

1104
00:52:10,120 --> 00:52:13,280
Speaker 7: is the Mary and Me and that's who I listened

1105
00:52:13,320 --> 00:52:14,319
Speaker 7: to for much of the time.

1106
00:52:14,360 --> 00:52:16,879
Speaker 2: Okay, but that's what we call. It needs to be.

1107
00:52:16,840 --> 00:52:19,319
Speaker 7: Done and the Greens drop the ball on they have.

1108
00:52:19,400 --> 00:52:21,359
Speaker 2: I'll give you that part. I'll give you that part.

1109
00:52:22,520 --> 00:52:25,000
Speaker 2: Hopeless to obsisted about Palestine and they need to be

1110
00:52:25,080 --> 00:52:26,360
Speaker 2: obsessed about the environment.

1111
00:52:26,840 --> 00:52:31,080
Speaker 7: But that as connect it. It's all connected. But somebody's

1112
00:52:31,080 --> 00:52:33,959
Speaker 7: got to do that work fair enough to so it'll

1113
00:52:34,000 --> 00:52:35,839
Speaker 7: be so much easier for me to go off the

1114
00:52:35,840 --> 00:52:38,520
Speaker 7: slope off and just think under the water. But I'm not.

1115
00:52:39,120 --> 00:52:41,040
Speaker 7: I need to be in that place to move.

1116
00:52:41,200 --> 00:52:44,120
Speaker 2: But but you're not allowed to be because let me

1117
00:52:44,160 --> 00:52:45,120
Speaker 2: just connect you allowed.

1118
00:52:45,200 --> 00:52:47,840
Speaker 7: I'm absolutely allowed to speak.

1119
00:52:48,920 --> 00:52:49,680
Speaker 2: Is this how it works?

1120
00:52:50,640 --> 00:52:51,719
Speaker 7: Like, how do you mean?

1121
00:52:51,880 --> 00:52:55,280
Speaker 2: Well, the reason is that messages don't get you elected.

1122
00:52:55,360 --> 00:52:58,800
Speaker 2: Votes get you elected. You weren't elected, and that's the problem.

1123
00:52:58,920 --> 00:53:00,719
Speaker 2: So having messages to say I've got a lot of

1124
00:53:00,760 --> 00:53:02,680
Speaker 2: people ringing me saying what a cool person I am?

1125
00:53:02,719 --> 00:53:05,640
Speaker 2: Please stay is not the democratic process we operate in

1126
00:53:05,680 --> 00:53:08,239
Speaker 2: this country. Therefore you you don't have a mandate, therefore

1127
00:53:08,280 --> 00:53:09,320
Speaker 2: shouldn't be in the parliament.

1128
00:53:10,440 --> 00:53:13,319
Speaker 7: Okay, I'm not going down at reductionist route at all.

1129
00:53:13,760 --> 00:53:16,680
Speaker 7: I'm looking. I'm looking really at the kopap. I was elected.

1130
00:53:17,280 --> 00:53:22,520
Speaker 7: People elected most of the Green Party MPs on the

1131
00:53:22,560 --> 00:53:25,080
Speaker 7: basis of the policies and the values of their party,

1132
00:53:25,520 --> 00:53:27,920
Speaker 7: and I still hold very much to those values and

1133
00:53:28,080 --> 00:53:29,040
Speaker 7: to those policies.

1134
00:53:29,160 --> 00:53:30,720
Speaker 2: Okay, what are you reckon?

1135
00:53:31,000 --> 00:53:33,239
Speaker 7: I'm doing the same thing. I'm voting in the same

1136
00:53:33,280 --> 00:53:36,400
Speaker 7: direction as the guys. I'm talking on the issues that

1137
00:53:36,440 --> 00:53:37,400
Speaker 7: I went into parliament on.

1138
00:53:37,719 --> 00:53:39,279
Speaker 2: What do you reckon they're going to do?

1139
00:53:39,320 --> 00:53:39,480
Speaker 13: Now?

1140
00:53:39,520 --> 00:53:41,920
Speaker 2: The Green Party? Will they enact the walker jumping legislation?

1141
00:53:41,960 --> 00:53:42,640
Speaker 2: What's your hunch?

1142
00:53:45,520 --> 00:53:47,239
Speaker 7: You know? My hunch is just to leave it for

1143
00:53:47,280 --> 00:53:48,240
Speaker 7: them at the board.

1144
00:53:48,320 --> 00:53:50,400
Speaker 2: Yea, I know, But what do you know? What do

1145
00:53:50,400 --> 00:53:50,680
Speaker 2: you reckon?

1146
00:53:50,680 --> 00:53:52,640
Speaker 7: They'll they have not been the one in the control

1147
00:53:52,719 --> 00:53:53,800
Speaker 7: of the sole process.

1148
00:53:55,360 --> 00:53:57,120
Speaker 2: What do you think you know them? What do you

1149
00:53:57,160 --> 00:53:58,920
Speaker 2: reckon they'll do? Do you reckon they'll blink? Or do

1150
00:53:58,920 --> 00:54:00,760
Speaker 2: you reckon, they'll try and out of there.

1151
00:54:01,520 --> 00:54:02,920
Speaker 7: I reckon they're thinking about it.

1152
00:54:03,040 --> 00:54:05,040
Speaker 2: Well, I know that, But but do you if I

1153
00:54:05,239 --> 00:54:08,120
Speaker 2: let's have a bet, do you a dollar dollar bet?

1154
00:54:08,280 --> 00:54:11,520
Speaker 2: I'll get a ten dollar bet to the environmental cause

1155
00:54:11,560 --> 00:54:14,480
Speaker 2: of your choice. Do you think they will try and

1156
00:54:14,600 --> 00:54:15,719
Speaker 2: enact the walker jumping.

1157
00:54:15,440 --> 00:54:22,359
Speaker 7: Only ten dollars darlings to the environmental Look, I've got

1158
00:54:22,400 --> 00:54:24,160
Speaker 7: to be straight up with you. I probably don't even

1159
00:54:24,200 --> 00:54:27,279
Speaker 7: have ten dollars to rub together. But it's a matter

1160
00:54:27,360 --> 00:54:31,440
Speaker 7: of principle, and I've taken a principal decision to stand inside.

1161
00:54:31,600 --> 00:54:34,320
Speaker 7: When I saw the party values flown out the window

1162
00:54:34,960 --> 00:54:38,560
Speaker 7: and how I was handled, and and and everything, I

1163
00:54:38,600 --> 00:54:42,000
Speaker 7: just said, Okay, I've been enough as a leader in

1164
00:54:42,040 --> 00:54:44,680
Speaker 7: that party myself to understand how those values should work.

1165
00:54:44,719 --> 00:54:46,640
Speaker 7: So when I don't see it acting out in prison,

1166
00:54:46,920 --> 00:54:49,160
Speaker 7: I'm going to take that principal decision and send to

1167
00:54:49,239 --> 00:54:52,520
Speaker 7: the side their cage from their own values and principles,

1168
00:54:52,560 --> 00:54:54,400
Speaker 7: as they will nothing to take it.

1169
00:54:54,880 --> 00:54:57,120
Speaker 2: But your sense of it, darling, is what do you

1170
00:54:57,280 --> 00:54:59,719
Speaker 2: think they will do? Do you think they'll pull the

1171
00:54:59,760 --> 00:55:02,120
Speaker 2: tren or do you think you actually will win? They

1172
00:55:02,160 --> 00:55:03,640
Speaker 2: will blink and nothing will happen.

1173
00:55:05,960 --> 00:55:07,439
Speaker 7: We'll see.

1174
00:55:10,040 --> 00:55:10,680
Speaker 6: I'm serious.

1175
00:55:11,120 --> 00:55:11,959
Speaker 7: I'm sorry, Mike.

1176
00:55:12,040 --> 00:55:13,760
Speaker 2: I don't apologize serious.

1177
00:55:14,160 --> 00:55:19,120
Speaker 7: It's about Mama tapoo for me, non neghostables. It's up

1178
00:55:19,160 --> 00:55:22,200
Speaker 7: to them. They'll decide what's right for them.

1179
00:55:22,400 --> 00:55:26,680
Speaker 2: Okay, sorry, Okay for me, for my fine and we're

1180
00:55:26,719 --> 00:55:29,760
Speaker 2: moving ahead. Okay, good to talk to you, darlinge Taner

1181
00:55:34,080 --> 00:55:38,080
Speaker 2: happy with that? Sam? Is that worth it? It's thirteen

1182
00:55:38,120 --> 00:55:39,280
Speaker 2: minutes away from eight.

1183
00:55:41,160 --> 00:55:45,680
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

1184
00:55:45,680 --> 00:55:46,399
Speaker 1: by News Talks.

1185
00:55:46,440 --> 00:55:48,640
Speaker 2: It'd be Mike. I called bes to the three to

1186
00:55:48,719 --> 00:55:50,719
Speaker 2: one support read out the first six text, and I

1187
00:55:50,800 --> 00:55:53,040
Speaker 2: bet you one hundred dollars to the green choice of

1188
00:55:53,040 --> 00:55:56,160
Speaker 2: course of your choice. They're negative. They probably are. Mike.

1189
00:55:56,200 --> 00:55:58,000
Speaker 2: You got the admission you needed, Darling and said, to

1190
00:55:58,000 --> 00:55:59,799
Speaker 2: be honest with you, I probably don't have ten dollars

1191
00:55:59,840 --> 00:56:02,279
Speaker 2: to together, so you got the crucks of the issue. Morning, Mike,

1192
00:56:02,320 --> 00:56:05,040
Speaker 2: tallane to get lost. I think Darlene could have four

1193
00:56:05,080 --> 00:56:07,760
Speaker 2: ten dollars with the parliamentary income. Morning, Mike. The woman

1194
00:56:07,880 --> 00:56:10,399
Speaker 2: dances on the head of a pin. Since when did

1195
00:56:10,440 --> 00:56:12,560
Speaker 2: you get so polite? Mike? Bring out the big guns,

1196
00:56:12,600 --> 00:56:14,480
Speaker 2: believe it or not, Mike, I was thoroughly entertained in

1197
00:56:14,520 --> 00:56:17,560
Speaker 2: that interview, Mike. She is unemployable, cannot make money any

1198
00:56:17,560 --> 00:56:19,719
Speaker 2: other way. So sitting type, where do we send the

1199
00:56:19,719 --> 00:56:21,799
Speaker 2: messages to tell her we wanted to go. She's looking

1200
00:56:21,800 --> 00:56:26,080
Speaker 2: for feedback. OMG, Mike, what a waste of space. She's articulate,

1201
00:56:26,120 --> 00:56:29,520
Speaker 2: can mount an argument impressive regardless of lack of mandate.

1202
00:56:29,560 --> 00:56:34,400
Speaker 2: There you go, first and last nine minutes away from eight.

1203
00:56:35,440 --> 00:56:39,399
Speaker 1: Mike Costeel break visit with our Veda retirement Communities News

1204
00:56:39,440 --> 00:56:40,040
Speaker 1: Tog said, b.

1205
00:56:40,239 --> 00:56:41,840
Speaker 2: I'll give you the good news first and then the

1206
00:56:41,880 --> 00:56:45,799
Speaker 2: bad news. Blincoln, who runs up more carbon footprint than

1207
00:56:45,840 --> 00:56:48,120
Speaker 2: pretty much any individual in the face of the Earth,

1208
00:56:48,200 --> 00:56:50,759
Speaker 2: is currently in Doha. Not that that really matters. He's

1209
00:56:50,800 --> 00:56:55,000
Speaker 2: just constantly circling the earth. He believes he's got Israel

1210
00:56:55,040 --> 00:56:56,160
Speaker 2: on board for some ceasefire.

1211
00:56:57,040 --> 00:56:59,520
Speaker 14: Israel is now accepted that proposal. I heard that directly

1212
00:56:59,560 --> 00:57:03,040
Speaker 14: from prim and Yo yesterday, and we I hope and

1213
00:57:03,080 --> 00:57:04,439
Speaker 14: expect that her mass will do the same.

1214
00:57:05,320 --> 00:57:06,600
Speaker 2: That's the critical deck step.

1215
00:57:06,920 --> 00:57:11,600
Speaker 14: But once that happens, we also have to complete the

1216
00:57:11,920 --> 00:57:17,640
Speaker 14: detailed implementation agreements that go along with putting the ceasefire

1217
00:57:17,680 --> 00:57:17,960
Speaker 14: into a.

1218
00:57:18,040 --> 00:57:20,000
Speaker 2: Fact and that is the bad news. And I'm not

1219
00:57:20,040 --> 00:57:21,920
Speaker 2: sure that people are picked up on this yet, but

1220
00:57:22,320 --> 00:57:24,200
Speaker 2: i mean, first of all, this is his job, and

1221
00:57:24,240 --> 00:57:26,800
Speaker 2: it's like the police and vaping. I'm sure he's got

1222
00:57:26,840 --> 00:57:28,640
Speaker 2: better things to do with his time, but nevertheless he

1223
00:57:28,680 --> 00:57:31,000
Speaker 2: does me to have to go to tell Abeeban awful lot.

1224
00:57:31,520 --> 00:57:34,400
Speaker 2: The problem so far with the piece talks correct me

1225
00:57:34,480 --> 00:57:38,160
Speaker 2: if I'm wrong, is that every time they've got some progress,

1226
00:57:38,640 --> 00:57:40,960
Speaker 2: it has been her mass that has been the problem.

1227
00:57:41,000 --> 00:57:43,080
Speaker 2: Now this is not to be anti or pro har

1228
00:57:43,120 --> 00:57:45,320
Speaker 2: Mass or anything like it. It's just to say, from

1229
00:57:45,320 --> 00:57:48,520
Speaker 2: all of my reading, every single time they hit a roadblock,

1230
00:57:48,920 --> 00:57:52,080
Speaker 2: the roadblock is her mass. So you can get Israel

1231
00:57:52,160 --> 00:57:55,080
Speaker 2: on side because Israel's been onside before, and you can

1232
00:57:55,080 --> 00:57:56,760
Speaker 2: get everyone else on side in the Middle East if

1233
00:57:56,760 --> 00:57:59,320
Speaker 2: you want to, but it's always her mass that doesn't

1234
00:57:59,400 --> 00:58:02,960
Speaker 2: come across cross the line at the end of the day. Now, Mike,

1235
00:58:04,320 --> 00:58:07,560
Speaker 2: who was responsible for the police not introducing or finding

1236
00:58:07,600 --> 00:58:09,520
Speaker 2: people for voping in their cars, Well, no one was

1237
00:58:09,600 --> 00:58:12,080
Speaker 2: responsible for that. They just simply didn't update their system,

1238
00:58:12,120 --> 00:58:15,480
Speaker 2: as you heard earlier on from mister Carhill. Didn't they

1239
00:58:15,520 --> 00:58:18,560
Speaker 2: took a health approach as opposed to a legal approach.

1240
00:58:18,840 --> 00:58:20,360
Speaker 2: Then we come to the councils, and I refer to

1241
00:58:20,440 --> 00:58:22,280
Speaker 2: earlier on this morning Crystal Election, who's speaking to the

1242
00:58:22,320 --> 00:58:25,160
Speaker 2: local government people in Wellington this morning and hopefully putting

1243
00:58:25,200 --> 00:58:26,680
Speaker 2: it right up them and telling them to pull their

1244
00:58:26,680 --> 00:58:29,200
Speaker 2: heads in. But then you have this sympathy. Kee we

1245
00:58:29,320 --> 00:58:33,360
Speaker 2: Rail propose closing Judge Road. Where's Judge doesn't matter, happens

1246
00:58:33,360 --> 00:58:35,920
Speaker 2: to be a masterdom. But anyway, they proposed closing the road.

1247
00:58:35,920 --> 00:58:37,880
Speaker 2: Everyone in the community went nuts and went that's a

1248
00:58:37,920 --> 00:58:39,960
Speaker 2: dead end road. What's the point of that, you idiots,

1249
00:58:40,200 --> 00:58:42,040
Speaker 2: Let's keep it open. Key we Rail said, sure, no

1250
00:58:42,080 --> 00:58:43,960
Speaker 2: problem at all. And here's where the stitch up is.

1251
00:58:44,240 --> 00:58:47,160
Speaker 2: Typically it would cost three hundred thousand dollars to upgrade

1252
00:58:47,200 --> 00:58:50,200
Speaker 2: a simple rural crossing, in this case something a bit

1253
00:58:50,200 --> 00:58:52,560
Speaker 2: more sophisticated, a high traffic crossing b about one point

1254
00:58:52,600 --> 00:58:55,280
Speaker 2: three million dollars. Argue around those numbers if you want.

1255
00:58:55,280 --> 00:58:57,120
Speaker 2: Seems a lot of money to me. Anything that Keywi

1256
00:58:57,200 --> 00:58:59,120
Speaker 2: Reel does involves a lot of money, if not crashing

1257
00:58:59,160 --> 00:59:02,600
Speaker 2: a boat. But that's probably another subject anyway. So it wasn't.

1258
00:59:02,640 --> 00:59:04,680
Speaker 2: As it turns out, three hundred thousand dollars or indeed

1259
00:59:04,680 --> 00:59:07,800
Speaker 2: one point three million. It started looking like it could

1260
00:59:07,840 --> 00:59:10,160
Speaker 2: be two million dollars and the council started to get

1261
00:59:10,200 --> 00:59:11,960
Speaker 2: a little bit worried about this. But then when the

1262
00:59:11,960 --> 00:59:14,480
Speaker 2: final bill came back quote unquote from Kiwi Rail, we

1263
00:59:14,560 --> 00:59:17,560
Speaker 2: have now had the work properly costed in That is

1264
00:59:17,600 --> 00:59:19,600
Speaker 2: the clue. Did they properly cost it or did they

1265
00:59:19,680 --> 00:59:22,120
Speaker 2: just jack it up to a point where they got

1266
00:59:22,160 --> 00:59:24,680
Speaker 2: their way knowing full well when they went back with

1267
00:59:24,720 --> 00:59:26,360
Speaker 2: the final number to the council, of the council go

1268
00:59:26,440 --> 00:59:28,960
Speaker 2: we don't have that sort of money and we certainly

1269
00:59:29,000 --> 00:59:30,640
Speaker 2: can't expect the rate payers to pay for it. That's

1270
00:59:30,680 --> 00:59:33,320
Speaker 2: what That's what the Deputy Mayor Beck said Bex Johnson.

1271
00:59:33,400 --> 00:59:35,160
Speaker 2: She said, we certainly can't expect the rate pays to

1272
00:59:35,160 --> 00:59:37,600
Speaker 2: pay for that. The final bill was not three hundred

1273
00:59:37,680 --> 00:59:40,280
Speaker 2: thousand or indeed one point three million. That's just a crossing.

1274
00:59:40,360 --> 00:59:42,880
Speaker 2: Remember it's just a crossing, not a rocket ship to

1275
00:59:42,920 --> 00:59:45,040
Speaker 2: the moon. It wasn't even two million. Came in at

1276
00:59:45,040 --> 00:59:49,320
Speaker 2: four point eight million. Four point eight million, quick question,

1277
00:59:49,520 --> 00:59:52,960
Speaker 2: who do you think's taking the purse? Use for you?

1278
00:59:53,000 --> 00:59:55,040
Speaker 2: In a couple of moments, and then after eight Darling

1279
00:59:55,240 --> 00:59:57,400
Speaker 2: on a hol on. We've done that. Mark Mitchell and

1280
00:59:57,520 --> 00:59:59,920
Speaker 2: Jenny Anderson here at News Talk zed bik.

1281
01:00:00,080 --> 01:00:05,520
Speaker 1: M your trusted source for news and fews, the Mic

1282
01:00:05,600 --> 01:00:09,560
Speaker 1: Hosking Breakfast with the range Rover, the law designed to

1283
01:00:09,680 --> 01:00:10,960
Speaker 1: intrigue and use talks.

1284
01:00:10,960 --> 01:00:11,240
Speaker 3: He'd be.

1285
01:00:12,760 --> 01:00:17,320
Speaker 9: Baby, I don't have a heart, so by.

1286
01:00:21,000 --> 01:00:26,520
Speaker 5: James on the back of the hide Horse.

1287
01:00:29,160 --> 01:00:42,640
Speaker 2: He's a sleek poast Malone Joe. You've got them all

1288
01:00:42,720 --> 01:00:45,080
Speaker 2: on board. This is Dolly Parton. He's got Chris Stabldon

1289
01:00:45,160 --> 01:00:50,000
Speaker 2: on board. He's got Jelly Roll, he's got Tim McGraw,

1290
01:00:50,680 --> 01:00:54,200
Speaker 2: he's got my friend Morgan Wallen. He's what Luke Colmes

1291
01:00:54,240 --> 01:00:57,360
Speaker 2: as well. He is the next big thing that he

1292
01:00:57,480 --> 01:01:00,600
Speaker 2: isn't a big thing in country music already. If one

1293
01:01:00,720 --> 01:01:04,080
Speaker 2: trillion is the name of the album, it is a

1294
01:01:04,160 --> 01:01:06,600
Speaker 2: minus past stage. It's time for politics. Wednesday. Mark Mitchell's

1295
01:01:06,560 --> 01:01:08,720
Speaker 2: with us along with Jimy Anderson. Good morning to both

1296
01:01:08,800 --> 01:01:14,560
Speaker 2: of you. A couple of quickies for you. Mark, just

1297
01:01:14,840 --> 01:01:17,200
Speaker 2: on the business this morning of we had Chris Carhill

1298
01:01:17,280 --> 01:01:19,160
Speaker 2: and they haven't been doing the vaping. They didn't update

1299
01:01:19,160 --> 01:01:21,919
Speaker 2: the system. Are you fixing that? Have they let you down?

1300
01:01:22,080 --> 01:01:23,000
Speaker 2: Is the a problem here.

1301
01:01:24,480 --> 01:01:27,080
Speaker 13: Well, I mean the previous comment part of legislation. But

1302
01:01:27,480 --> 01:01:30,360
Speaker 13: obviously at that time, the police's advice to the police

1303
01:01:30,360 --> 01:01:34,560
Speaker 13: ministers at the system, you couldn't sustain the change. There

1304
01:01:34,560 --> 01:01:37,240
Speaker 13: needs to be some investment of that. But that has

1305
01:01:37,240 --> 01:01:41,120
Speaker 13: happened and the police are now making the changes to

1306
01:01:41,160 --> 01:01:44,400
Speaker 13: the system so they can issue finds. It's pretty hard

1307
01:01:44,400 --> 01:01:47,320
Speaker 13: to apply discretion. Because I'm a huge supporter of police discretion,

1308
01:01:47,400 --> 01:01:50,600
Speaker 13: I completely agree because around that, but it's pretty hard

1309
01:01:50,640 --> 01:01:53,400
Speaker 13: to apply discretion. We actually haven't got the option, so

1310
01:01:53,840 --> 01:01:55,080
Speaker 13: it's important that they've got the option.

1311
01:01:55,240 --> 01:01:57,920
Speaker 2: Did they let everyone down by not adhering to the

1312
01:01:58,000 --> 01:01:59,520
Speaker 2: law because the laws the law and they're supposed to

1313
01:01:59,560 --> 01:02:00,000
Speaker 2: enforce the law.

1314
01:02:00,000 --> 01:02:03,280
Speaker 13: Well, they informed the previous government that it was not

1315
01:02:03,600 --> 01:02:06,640
Speaker 13: The government went ahead and pass the legislation. The advice

1316
01:02:06,640 --> 01:02:08,840
Speaker 13: from the police was is that they couldn't set that up.

1317
01:02:10,160 --> 01:02:13,040
Speaker 13: So you know, obviously now there's been some investment into

1318
01:02:13,080 --> 01:02:17,680
Speaker 13: the system that's been stabilized, and I've made my exputation

1319
01:02:17,880 --> 01:02:20,640
Speaker 13: is that they operationalize it so that police actually do

1320
01:02:20,800 --> 01:02:21,880
Speaker 13: genuinely have discretion.

1321
01:02:22,040 --> 01:02:26,440
Speaker 15: Do you accept that, Jinny, My understanding, and this is

1322
01:02:26,560 --> 01:02:29,040
Speaker 15: just from a memory, is that They couldn't do it immediately,

1323
01:02:29,080 --> 01:02:30,600
Speaker 15: but there was a plan in place to do it

1324
01:02:30,640 --> 01:02:33,440
Speaker 15: over time, and we were happy with that. Look, I'm

1325
01:02:33,480 --> 01:02:36,440
Speaker 15: pleased that Mark is enforcing it. The government has been

1326
01:02:36,560 --> 01:02:39,680
Speaker 15: very permissive around smoking by leaving smoke free go, so

1327
01:02:39,720 --> 01:02:41,640
Speaker 15: I'm pleased you're taking a stance and mporting this.

1328
01:02:41,880 --> 01:02:45,800
Speaker 2: Okay, formal warnings, Mark seventy thousand formal warnings. And this

1329
01:02:45,920 --> 01:02:48,160
Speaker 2: is unrelated to what I just mentioned before. It came

1330
01:02:48,160 --> 01:02:49,800
Speaker 2: out of a court case and you issue a whole

1331
01:02:49,840 --> 01:02:51,680
Speaker 2: lot of formal warnings. Turns out the court says that

1332
01:02:51,680 --> 01:02:53,800
Speaker 2: if you wish you a formal warning and the person goes,

1333
01:02:53,840 --> 01:02:56,440
Speaker 2: I'm not guilty, that formal warning is illegal. What do

1334
01:02:56,440 --> 01:02:57,040
Speaker 2: you do about that?

1335
01:02:58,720 --> 01:03:00,400
Speaker 13: Yeah, that was the final of the core. So the

1336
01:03:00,400 --> 01:03:03,720
Speaker 13: police have to respond to that. And look, in some

1337
01:03:03,800 --> 01:03:06,240
Speaker 13: cases that's probably a fair call, is that, you know,

1338
01:03:06,280 --> 01:03:08,320
Speaker 13: if you're going to get a formal warning, then it

1339
01:03:08,360 --> 01:03:11,000
Speaker 13: should be based on the fact that there's an admission

1340
01:03:11,040 --> 01:03:13,920
Speaker 13: of guilt, especially on the upper end of things. But

1341
01:03:14,080 --> 01:03:16,720
Speaker 13: so yeah, the courts obviously found that the police are

1342
01:03:16,720 --> 01:03:19,640
Speaker 13: having to respond to it. Look, the reality of it

1343
01:03:19,760 --> 01:03:22,760
Speaker 13: is formal warnings and alternative actions went through the roof

1344
01:03:22,840 --> 01:03:26,320
Speaker 13: under the previous government because they made legislation changes around

1345
01:03:26,320 --> 01:03:29,680
Speaker 13: the enforcement of drug offending to a health based approach

1346
01:03:29,720 --> 01:03:32,880
Speaker 13: which removed some of that discretion that police said. And

1347
01:03:33,040 --> 01:03:34,840
Speaker 13: of course, you know when you've got a target like

1348
01:03:35,160 --> 01:03:38,840
Speaker 13: reducing the business muster by thirty percent, the police of

1349
01:03:38,880 --> 01:03:41,280
Speaker 13: course are pushed into a space where you see a

1350
01:03:41,280 --> 01:03:44,160
Speaker 13: big increase in formal warnings and alternative actions.

1351
01:03:45,080 --> 01:03:46,880
Speaker 15: So I just like to comment on that. So pre

1352
01:03:47,040 --> 01:03:49,720
Speaker 15: charge warnings were brought in under the John Key government.

1353
01:03:50,080 --> 01:03:53,960
Speaker 15: They had a goal of reducing by nineteen percent those

1354
01:03:54,000 --> 01:03:57,000
Speaker 15: coming into the system and they got to twenty five percent.

1355
01:03:57,040 --> 01:03:58,560
Speaker 15: So if you look back and look at the biggest

1356
01:03:58,560 --> 01:04:03,040
Speaker 15: reductions in police arrest that comes under John Key, and

1357
01:04:03,120 --> 01:04:05,840
Speaker 15: that's two thousand and eight section and that was the

1358
01:04:05,880 --> 01:04:09,240
Speaker 15: introduction of pre charge warnings. It was most definitely done

1359
01:04:09,520 --> 01:04:10,600
Speaker 15: under a national government.

1360
01:04:10,680 --> 01:04:13,120
Speaker 13: Okay, let's see that there's a place. There's a place

1361
01:04:13,120 --> 01:04:15,720
Speaker 13: for warnings, but there's not a place for the charge

1362
01:04:15,720 --> 01:04:16,800
Speaker 13: formal morning increase.

1363
01:04:16,600 --> 01:04:18,920
Speaker 15: Recharge formal warnings was brought in. I was working in

1364
01:04:18,960 --> 01:04:21,840
Speaker 15: police at the time. Mark, I remember pre charge there's a.

1365
01:04:21,840 --> 01:04:24,240
Speaker 13: Place and there's an important place for that. Judy, I'm

1366
01:04:24,240 --> 01:04:26,000
Speaker 13: not arguing with you at all, but what I'm saying

1367
01:04:26,000 --> 01:04:28,960
Speaker 13: to you is this under the previous government has been

1368
01:04:29,000 --> 01:04:31,560
Speaker 13: a huge increase because the policy settings that you put

1369
01:04:31,560 --> 01:04:34,320
Speaker 13: were around a reduction of the prison sent the prison

1370
01:04:34,400 --> 01:04:38,000
Speaker 13: must be thirty percent, a lesson increased to alturnative actions

1371
01:04:38,040 --> 01:04:39,160
Speaker 13: which might keeping it.

1372
01:04:39,200 --> 01:04:40,760
Speaker 6: Provides you with the data like.

1373
01:04:42,200 --> 01:04:45,360
Speaker 15: That pre charge warning brocketed up. First time they came

1374
01:04:45,400 --> 01:04:48,720
Speaker 15: in was under the last national government and that's when

1375
01:04:48,720 --> 01:04:50,120
Speaker 15: you hit the crystal mask locase.

1376
01:04:50,960 --> 01:04:53,640
Speaker 10: Okay, that's brought in the truth.

1377
01:04:53,720 --> 01:04:57,120
Speaker 15: We can go back and find the data.

1378
01:04:57,320 --> 01:04:59,160
Speaker 2: Let me ask you a more broad based question to

1379
01:04:59,280 --> 01:05:02,240
Speaker 2: try and deeper. Besides this, Potark is under some sort

1380
01:05:02,240 --> 01:05:04,240
Speaker 2: of heat at the moment from various forms of the

1381
01:05:04,280 --> 01:05:08,000
Speaker 2: media who seem to think that the claim that you've

1382
01:05:08,000 --> 01:05:09,400
Speaker 2: gone and got a whole lot of people out of

1383
01:05:09,400 --> 01:05:12,680
Speaker 2: emergency housing and you can't give me the address as

1384
01:05:12,720 --> 01:05:16,320
Speaker 2: to where they've gone somehow an issue. Ginny. Is it

1385
01:05:16,480 --> 01:05:21,480
Speaker 2: reasonable to think that a government tracks a person who

1386
01:05:21,520 --> 01:05:24,640
Speaker 2: goes from government assistance to non government assistant for the

1387
01:05:24,640 --> 01:05:28,040
Speaker 2: rest of their life and somehow can when I ask you,

1388
01:05:28,400 --> 01:05:30,320
Speaker 2: it seems to me the stupidest story in the history

1389
01:05:30,320 --> 01:05:32,440
Speaker 2: of the world. If somebody is no longer on the

1390
01:05:32,480 --> 01:05:36,040
Speaker 2: government assistance, they've moved on with their life, why should

1391
01:05:36,040 --> 01:05:37,680
Speaker 2: the government know where they went and what they did.

1392
01:05:38,360 --> 01:05:38,880
Speaker 7: I think the.

1393
01:05:38,840 --> 01:05:41,120
Speaker 15: Point they're trying to make is that if the government

1394
01:05:41,400 --> 01:05:44,320
Speaker 15: stopped big housing builds, they've stopped put in crime or

1395
01:05:44,360 --> 01:05:47,880
Speaker 15: order housing and numerous areas around the New Zealand. And

1396
01:05:47,920 --> 01:05:51,240
Speaker 15: then they're boasting that the number of people in emergency

1397
01:05:51,320 --> 01:05:55,240
Speaker 15: or housing has reduced. Well, if there's no more housing,

1398
01:05:55,400 --> 01:05:57,600
Speaker 15: and where have they gone? And the answer is they're

1399
01:05:57,600 --> 01:05:59,600
Speaker 15: on the street. And I was an Auckland last week

1400
01:06:00,000 --> 01:06:01,200
Speaker 15: and I talked to Aaron Hendry.

1401
01:06:01,200 --> 01:06:02,480
Speaker 10: He was working with a.

1402
01:06:02,560 --> 01:06:05,880
Speaker 15: Couple who are sixteen that had been benefit sanctioned. They'd

1403
01:06:05,920 --> 01:06:07,960
Speaker 15: been kicked out of emergency housing and they were on

1404
01:06:08,000 --> 01:06:11,160
Speaker 15: the street. So that's why we're seeing issues in like

1405
01:06:11,240 --> 01:06:15,080
Speaker 15: Central Wellington and central Auckland with increased homelessness is because

1406
01:06:15,080 --> 01:06:17,000
Speaker 15: people are being kicked out of homes. And that's the

1407
01:06:17,040 --> 01:06:17,800
Speaker 15: point they're making.

1408
01:06:17,920 --> 01:06:19,480
Speaker 2: All right, brief break, let me get your view on

1409
01:06:19,520 --> 01:06:22,280
Speaker 2: at the moment, Mark, Mark Mintchell, Juney Anderson thirteen Past.

1410
01:06:22,880 --> 01:06:27,480
Speaker 1: The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered

1411
01:06:27,520 --> 01:06:28,240
Speaker 1: by news talks.

1412
01:06:28,280 --> 01:06:30,280
Speaker 2: It'd be Neus talks have been coming up sixteen past

1413
01:06:30,280 --> 01:06:32,280
Speaker 2: eight make Mitchell, Ginny Anderson, whe Us Mark. I suppose

1414
01:06:32,320 --> 01:06:34,000
Speaker 2: to the point is if you're going to climb thirty

1415
01:06:34,000 --> 01:06:36,320
Speaker 2: three percent or whatever the number was reduction in emergency

1416
01:06:36,320 --> 01:06:39,000
Speaker 2: housing and suddenly you can produce thirty three percent increase

1417
01:06:39,040 --> 01:06:40,640
Speaker 2: in number of people on the streets and cars, there's

1418
01:06:40,680 --> 01:06:41,440
Speaker 2: your problem, isn't it.

1419
01:06:42,560 --> 01:06:45,480
Speaker 13: Yeah, but that hasn't happened. And I do agree with you,

1420
01:06:45,600 --> 01:06:48,280
Speaker 13: is that it's in any state for the government to

1421
01:06:48,280 --> 01:06:51,280
Speaker 13: start poking into people's lives and finding out what they're doing.

1422
01:06:51,960 --> 01:06:54,360
Speaker 13: So you know that the reality of it is the

1423
01:06:54,360 --> 01:06:56,360
Speaker 13: incoming government is that we had a big issue around

1424
01:06:56,400 --> 01:06:59,320
Speaker 13: emmergency housing. Were lots of houses that were standing empty.

1425
01:07:00,240 --> 01:07:02,120
Speaker 13: Tuma has really turned his mind to us, worked with

1426
01:07:02,200 --> 01:07:04,560
Speaker 13: Chris Bishop, and they seem to be delivering some really

1427
01:07:04,560 --> 01:07:07,560
Speaker 13: good results. It's a really positive story in relation to

1428
01:07:07,840 --> 01:07:10,480
Speaker 13: in relation to people living on the streets. Look Awkland,

1429
01:07:10,600 --> 01:07:14,120
Speaker 13: CBDs becoming safe again. It's early days, but we're moving

1430
01:07:14,120 --> 01:07:16,680
Speaker 13: in the right direction. That's because I've pulled together a

1431
01:07:16,720 --> 01:07:21,160
Speaker 13: group of cpn Z that Mary Warden's Police Counsel KOMSD,

1432
01:07:21,440 --> 01:07:25,720
Speaker 13: business associations, the City Mission, our social service providers and

1433
01:07:25,760 --> 01:07:28,440
Speaker 13: the local MP and we're all working together and we're

1434
01:07:28,440 --> 01:07:29,800
Speaker 13: actually delivering really good results.

1435
01:07:30,920 --> 01:07:34,040
Speaker 2: Jinny, quick quickly if you can. There was a report

1436
01:07:34,080 --> 01:07:36,240
Speaker 2: out on corruption and lobbyists and we need to change

1437
01:07:36,240 --> 01:07:37,920
Speaker 2: the rules and donations to parties and all that sort

1438
01:07:37,960 --> 01:07:39,720
Speaker 2: of stuff. When you were a minister of whatever you're

1439
01:07:39,720 --> 01:07:42,640
Speaker 2: a minister of at the time, were you lobbied, were

1440
01:07:42,640 --> 01:07:45,360
Speaker 2: you lobbied heavily? And did you ever think, I'll tell

1441
01:07:45,360 --> 01:07:46,720
Speaker 2: you what, this is a bit much and we need

1442
01:07:46,720 --> 01:07:47,880
Speaker 2: some rules around this or not.

1443
01:07:49,320 --> 01:07:50,440
Speaker 7: You always are.

1444
01:07:50,280 --> 01:07:52,680
Speaker 15: Lobbied, and that's where you need really good staff around

1445
01:07:52,720 --> 01:07:55,880
Speaker 15: you to help and ensure that you've got good practices

1446
01:07:55,920 --> 01:07:58,240
Speaker 15: in place. I think we probably do need to take

1447
01:07:58,280 --> 01:08:02,320
Speaker 15: a look at those rules particularly. I just can't believe

1448
01:08:02,360 --> 01:08:06,520
Speaker 15: that we've got someone like n McKee rewriting our gun law.

1449
01:08:06,600 --> 01:08:09,040
Speaker 7: She's a she was elected on.

1450
01:08:09,000 --> 01:08:12,880
Speaker 15: Being a gun lobbyist and now she's responsible for rewriting

1451
01:08:12,920 --> 01:08:13,880
Speaker 15: our arms and.

1452
01:08:14,800 --> 01:08:15,600
Speaker 2: She was elected.

1453
01:08:17,000 --> 01:08:19,280
Speaker 15: Yeah, but there needs to be better checks and balances

1454
01:08:19,360 --> 01:08:21,680
Speaker 15: on what's happening in that space. The fact we can

1455
01:08:21,720 --> 01:08:25,040
Speaker 15: find ourselves like New Zealand has got a gun lobbyist

1456
01:08:25,080 --> 01:08:28,519
Speaker 15: who wants to see military style semi automatic weapons back

1457
01:08:28,600 --> 01:08:31,600
Speaker 15: being used on rangers, and now she has got of

1458
01:08:31,680 --> 01:08:32,840
Speaker 15: re writing her armchack.

1459
01:08:33,200 --> 01:08:35,400
Speaker 2: Is called democracy. I saw you in the house yesterday.

1460
01:08:35,400 --> 01:08:38,479
Speaker 2: I saw what you were trying to do. But at

1461
01:08:38,520 --> 01:08:40,000
Speaker 2: the end of the day, and I know you disagree

1462
01:08:40,040 --> 01:08:41,760
Speaker 2: with it, and I get all of that. But she's

1463
01:08:41,800 --> 01:08:44,040
Speaker 2: a duly elected MP, has been given a job and

1464
01:08:44,040 --> 01:08:45,120
Speaker 2: she's going to write to do the job.

1465
01:08:45,560 --> 01:08:48,040
Speaker 15: But what checks and balances are in place about the

1466
01:08:48,080 --> 01:08:56,880
Speaker 15: influencers and the way she's consulting, So she's not consulting.

1467
01:08:54,320 --> 01:08:56,760
Speaker 2: Parliament and people voting, and people have their saying it's

1468
01:08:56,760 --> 01:08:58,800
Speaker 2: a democratic process. I may not like it, but it's

1469
01:08:58,840 --> 01:09:00,040
Speaker 2: unfolding the way normally.

1470
01:09:01,640 --> 01:09:01,760
Speaker 3: Think.

1471
01:09:01,800 --> 01:09:03,320
Speaker 15: I'm going to see some more in that space as

1472
01:09:03,360 --> 01:09:05,559
Speaker 15: it rolls out, because I don't think national are happy

1473
01:09:05,600 --> 01:09:07,200
Speaker 15: with getting rid of the gun registry.

1474
01:09:07,240 --> 01:09:09,640
Speaker 2: And no, I know you're not happy with part of it,

1475
01:09:09,640 --> 01:09:10,080
Speaker 2: are you, Mike.

1476
01:09:11,280 --> 01:09:13,800
Speaker 13: No, we're not getting rid of the gun industry. It's ridiculous.

1477
01:09:13,920 --> 01:09:18,320
Speaker 13: As part of the coalition, as part of the Coalition agreement,

1478
01:09:18,400 --> 01:09:20,439
Speaker 13: we agreed that we would do a review of the

1479
01:09:20,439 --> 01:09:22,840
Speaker 13: gun registry to make sure that it's affecteds and this is.

1480
01:09:22,920 --> 01:09:25,200
Speaker 15: The treaty actors. You're just going to do a review,

1481
01:09:25,240 --> 01:09:25,639
Speaker 15: but it's.

1482
01:09:25,520 --> 01:09:26,360
Speaker 6: Not going to go anywhere.

1483
01:09:27,000 --> 01:09:29,160
Speaker 13: And so there will be a review. But I can

1484
01:09:29,240 --> 01:09:31,120
Speaker 13: assure you as the police. Butter so the gun Registry

1485
01:09:31,200 --> 01:09:31,799
Speaker 13: is going nowhere.

1486
01:09:33,680 --> 01:09:36,839
Speaker 2: Lobbying and corruption. Is there a corruption in this country?

1487
01:09:36,880 --> 01:09:38,880
Speaker 2: And are you lobbied? Are you lobbied heavily and to

1488
01:09:38,960 --> 01:09:40,760
Speaker 2: a point where you think we need new rules?

1489
01:09:42,200 --> 01:09:45,599
Speaker 13: Look me personally, I think that our democracy is one

1490
01:09:45,600 --> 01:09:49,040
Speaker 13: of the most open and transparent and corrupt free democracies

1491
01:09:49,040 --> 01:09:50,760
Speaker 13: of the world. We should be extremely proud of that.

1492
01:09:51,120 --> 01:09:53,600
Speaker 13: We should do whatever we need to continue to safeguard that.

1493
01:09:53,720 --> 01:09:57,960
Speaker 13: But my role I work right across all the parties

1494
01:09:58,280 --> 01:10:02,360
Speaker 13: in Parliament on the I'm a local MP, so people

1495
01:10:02,439 --> 01:10:04,400
Speaker 13: should have open access to me. They should be able

1496
01:10:04,400 --> 01:10:06,320
Speaker 13: to come in and sit down and talk about their issues.

1497
01:10:07,000 --> 01:10:08,599
Speaker 13: You know, that's a big part of being a member

1498
01:10:08,600 --> 01:10:10,760
Speaker 13: of Parliament in New Zealand. You are represented if you

1499
01:10:10,800 --> 01:10:14,160
Speaker 13: are serving the community. So you know, I'd hate to

1500
01:10:14,200 --> 01:10:18,759
Speaker 13: see that any chilling effect on that. In terms of lobbing,

1501
01:10:19,000 --> 01:10:21,960
Speaker 13: we all get lobbied. That's what I open democracy is about.

1502
01:10:22,000 --> 01:10:26,080
Speaker 13: People take very strong positions on things, but you know,

1503
01:10:26,120 --> 01:10:28,400
Speaker 13: as long as we're transparent, as long as we're very open,

1504
01:10:28,439 --> 01:10:30,680
Speaker 13: as long as we have safeguards in place, then I

1505
01:10:30,720 --> 01:10:32,200
Speaker 13: think that's easily manageable.

1506
01:10:32,280 --> 01:10:34,280
Speaker 2: Good to see you both, Mark Mitchell, Ginny Anderson for

1507
01:10:34,320 --> 01:10:37,160
Speaker 2: another Wednesday Morning. Come back to Greg O'Connor in the moment.

1508
01:10:36,960 --> 01:10:42,679
Speaker 1: Eight come breaks with the Range River Village News.

1509
01:10:43,680 --> 01:10:45,599
Speaker 2: Jenny, what happens at RVD. A lot of people going

1510
01:10:45,600 --> 01:10:47,200
Speaker 2: around saying I wish you've done it a bit sooner.

1511
01:10:47,760 --> 01:10:49,599
Speaker 2: People on VIDA, the team here that a lot at

1512
01:10:49,680 --> 01:10:52,600
Speaker 2: r VIDA from their residents once they've moved into their communities.

1513
01:10:52,600 --> 01:10:54,360
Speaker 2: That's because with the support of the r VDA team,

1514
01:10:54,600 --> 01:10:57,000
Speaker 2: are the residents take control. They come up with ideas,

1515
01:10:57,080 --> 01:10:59,639
Speaker 2: initiatives around new projects and interests, and what they call

1516
01:10:59,680 --> 01:11:03,000
Speaker 2: it lead is life Your Way, So that means a

1517
01:11:03,000 --> 01:11:06,840
Speaker 2: whole host of resident led activities, community gardens, singing groups,

1518
01:11:06,960 --> 01:11:10,439
Speaker 2: art classes, strength and balanced sessions. So basically you find

1519
01:11:10,479 --> 01:11:12,799
Speaker 2: a unique range of activities or clubs on offer individual

1520
01:11:12,920 --> 01:11:15,360
Speaker 2: to each of the thirty five are Veda Living Well

1521
01:11:15,400 --> 01:11:19,479
Speaker 2: communities across this beautiful country celebrating are Vida's mission to

1522
01:11:19,560 --> 01:11:22,960
Speaker 2: create communities that give people the freedom to thrive life

1523
01:11:23,400 --> 01:11:26,200
Speaker 2: your way. It's good staff a. So take a tour

1524
01:11:26,680 --> 01:11:28,840
Speaker 2: of a few are vida communities. I mean, because they're

1525
01:11:28,840 --> 01:11:31,639
Speaker 2: all individual and so unique. You don't want to see one.

1526
01:11:31,640 --> 01:11:33,000
Speaker 2: You want to see a whole bunch of them, because

1527
01:11:33,200 --> 01:11:34,920
Speaker 2: you find a bit of you there, get the vibe

1528
01:11:35,120 --> 01:11:41,040
Speaker 2: are Veda, arvid A, r Veda, dot co dot NZ's

1529
01:11:41,240 --> 01:11:43,320
Speaker 2: quite no difference between that and the Green MP being

1530
01:11:43,320 --> 01:11:45,320
Speaker 2: an environment minister, couldn't agree more. I think that's the

1531
01:11:45,560 --> 01:11:49,080
Speaker 2: salient point. What relevance Mike does. Nicole McKee's past involvement

1532
01:11:49,120 --> 01:11:50,960
Speaker 2: with firearms groups have to do with the oversight of

1533
01:11:50,960 --> 01:11:53,559
Speaker 2: the firearms laws. So the Greens are environmental lobbyists, so

1534
01:11:53,600 --> 01:11:55,320
Speaker 2: that by logic they should have nothing to do with

1535
01:11:55,320 --> 01:11:57,679
Speaker 2: any laws relating to the environment. Same with the Barry Party.

1536
01:11:57,680 --> 01:11:59,720
Speaker 2: On this logic they should have no involvement in the

1537
01:11:59,840 --> 01:12:02,280
Speaker 2: law related matter. And so it goes Karen Shaw there's

1538
01:12:02,280 --> 01:12:04,400
Speaker 2: another good example, Act MP. She wants to get rid

1539
01:12:04,439 --> 01:12:05,920
Speaker 2: of seven double A. Now does she know what she's

1540
01:12:05,960 --> 01:12:08,879
Speaker 2: talking about. She's a child of the state life experience,

1541
01:12:08,960 --> 01:12:11,640
Speaker 2: lived experience, and so it goes. Now the greg O

1542
01:12:11,720 --> 01:12:15,000
Speaker 2: connor thing fascinates me. Greg O'Connor, Labor Emp yesterday said

1543
01:12:16,640 --> 01:12:19,920
Speaker 2: in terms of sanctions for unemployed people and if they

1544
01:12:19,920 --> 01:12:21,760
Speaker 2: don't turn up to the interview, et cetera, especially for

1545
01:12:21,840 --> 01:12:24,639
Speaker 2: young people, he said, quote unquote, I'll put my neck out.

1546
01:12:24,720 --> 01:12:26,880
Speaker 2: That's interesting in and of itself. I'll put my neck

1547
01:12:26,920 --> 01:12:29,360
Speaker 2: out and say they're probably not a bad thing. Q

1548
01:12:29,880 --> 01:12:32,519
Speaker 2: The upset within the Labor Party, and this is where

1549
01:12:32,560 --> 01:12:35,519
Speaker 2: I feel sorry for David Seymour. The problem with politics

1550
01:12:35,520 --> 01:12:37,360
Speaker 2: in this country is you can't be your own person,

1551
01:12:37,520 --> 01:12:39,720
Speaker 2: You can't have your own opinions. You can't step out

1552
01:12:39,720 --> 01:12:41,559
Speaker 2: from the group and say something you know you don't

1553
01:12:41,560 --> 01:12:43,599
Speaker 2: want to make it a thing, obviously because eventually people

1554
01:12:43,640 --> 01:12:45,640
Speaker 2: will go, do you really belong in that party? But

1555
01:12:45,720 --> 01:12:48,240
Speaker 2: every now and again and a centrist like Gregor o connor,

1556
01:12:48,280 --> 01:12:50,840
Speaker 2: and I regard greg as a centrist and excuse me,

1557
01:12:50,880 --> 01:12:53,040
Speaker 2: in terms of the Labor Party, and he's come to

1558
01:12:53,080 --> 01:12:56,040
Speaker 2: the conclusion that sanctions for young unemployed people aren't a

1559
01:12:56,080 --> 01:12:58,200
Speaker 2: bad idea good on them. He's allowed to. It's an opinion.

1560
01:12:58,240 --> 01:12:59,640
Speaker 2: It's not the end of the world. By the end

1561
01:12:59,680 --> 01:13:03,240
Speaker 2: of the day. Chrishipkins, leader of the Labor Party, probably

1562
01:13:03,240 --> 01:13:05,880
Speaker 2: not for much longer. The way things are going, said,

1563
01:13:05,920 --> 01:13:08,559
Speaker 2: I'm gonna have a word with them. Why to do what? Say?

1564
01:13:08,640 --> 01:13:12,920
Speaker 2: You can't have your opinion. Your only opinion you're allowed

1565
01:13:13,400 --> 01:13:15,960
Speaker 2: is the opinion that I tell you. What sort of

1566
01:13:16,080 --> 01:13:19,759
Speaker 2: system is that? Imagine if the management of this particular

1567
01:13:19,800 --> 01:13:21,479
Speaker 2: company came to me and said, Mike, some of those

1568
01:13:21,520 --> 01:13:23,280
Speaker 2: opinions this morning, we didn't really like those, So if

1569
01:13:23,320 --> 01:13:25,679
Speaker 2: you can amend them to the affault and just give

1570
01:13:25,680 --> 01:13:27,479
Speaker 2: you a list of what to say. And so this

1571
01:13:27,520 --> 01:13:29,880
Speaker 2: is where poor old David Seymour comes in, because his

1572
01:13:30,040 --> 01:13:33,439
Speaker 2: Treaty Bill, which is going to die death unfortunately been

1573
01:13:34,680 --> 01:13:36,760
Speaker 2: people have decided they don't like it, even though it

1574
01:13:36,800 --> 01:13:40,400
Speaker 2: literally doesn't exist. It literally does not exist, but we've

1575
01:13:40,400 --> 01:13:42,120
Speaker 2: decided we don't like it. So that's the end of that.

1576
01:13:42,800 --> 01:13:44,920
Speaker 2: And unfortunately for him, some of the people who have

1577
01:13:44,960 --> 01:13:46,400
Speaker 2: decided they don't like it, and the people in his

1578
01:13:46,400 --> 01:13:49,439
Speaker 2: own coalition, so that makes life awfully difficult. What he

1579
01:13:49,560 --> 01:13:52,760
Speaker 2: was hoping for, and this is the sadness, was a

1580
01:13:52,920 --> 01:13:58,559
Speaker 2: broad based, cogent, intelligent adult discussion in which we could

1581
01:13:58,560 --> 01:14:01,360
Speaker 2: all sit down, have our say and possibly come to

1582
01:14:01,400 --> 01:14:05,240
Speaker 2: a conclusion. Maybe with a few people even changing their minds.

1583
01:14:05,439 --> 01:14:07,400
Speaker 2: That was his hope that now is not going to

1584
01:14:07,439 --> 01:14:11,719
Speaker 2: happen because we're so segregated, so separated, so brow beaten

1585
01:14:11,840 --> 01:14:14,880
Speaker 2: by those above us, like the Labor Party, that you're

1586
01:14:14,880 --> 01:14:17,320
Speaker 2: not allowed in opinion, and if you do secretly hold

1587
01:14:17,320 --> 01:14:21,080
Speaker 2: that opinion, you come possibly utter it publicly, or else

1588
01:14:21,080 --> 01:14:23,160
Speaker 2: you're going to get told off. Now what sort of

1589
01:14:23,160 --> 01:14:26,040
Speaker 2: democracy is that you can't even float an idea, as

1590
01:14:26,080 --> 01:14:28,960
Speaker 2: controversial as the idea may be. You can't even float

1591
01:14:28,960 --> 01:14:32,040
Speaker 2: an idea for fear of having the whole thing predetermined.

1592
01:14:32,240 --> 01:14:34,360
Speaker 2: There's something not right about that. Now News in a

1593
01:14:34,360 --> 01:14:37,400
Speaker 2: couple of moments, I note that the insurance companies in

1594
01:14:37,439 --> 01:14:40,920
Speaker 2: Australia read New Zealand because it's like banking. The same

1595
01:14:40,960 --> 01:14:44,000
Speaker 2: ones that operate here, broadly speaking, operate here. They've come

1596
01:14:44,080 --> 01:14:46,799
Speaker 2: up with a new excuse as to why your insurance

1597
01:14:46,840 --> 01:14:49,000
Speaker 2: premiums need to keep going up and up and up.

1598
01:14:49,040 --> 01:14:51,599
Speaker 2: Even though the weathers settle down and things are moderately

1599
01:14:51,640 --> 01:14:54,120
Speaker 2: back to normal, they still need to keep going up.

1600
01:14:54,160 --> 01:14:55,639
Speaker 2: More on that after the News with Steve.

1601
01:14:56,320 --> 01:15:01,719
Speaker 1: The news is next, he said, setting the news agenda

1602
01:15:01,920 --> 01:15:05,600
Speaker 1: and digging into the issues the Mike Hosking Breakfast with

1603
01:15:05,840 --> 01:15:09,960
Speaker 1: Bailey's Real Estate, your local experts across residential, commercial and

1604
01:15:10,120 --> 01:15:11,280
Speaker 1: rural news togs EDB.

1605
01:15:11,560 --> 01:15:14,040
Speaker 2: My insurance sector needs to government review. Our home building

1606
01:15:14,040 --> 01:15:16,360
Speaker 2: insurance premium went up thirty three point one percent last

1607
01:15:16,439 --> 01:15:18,760
Speaker 2: year thirty eight point six percent on renewed last week

1608
01:15:18,840 --> 01:15:22,479
Speaker 2: last year in a tough economy. I'll come to the

1609
01:15:22,520 --> 01:15:24,920
Speaker 2: Australian example of that in the moment. But that's that's

1610
01:15:25,040 --> 01:15:27,200
Speaker 2: ripe for another market study. Isn't it for goodness say?

1611
01:15:27,240 --> 01:15:28,240
Speaker 2: Where nothing will come out of it?

1612
01:15:28,280 --> 01:15:28,439
Speaker 5: Mike?

1613
01:15:28,479 --> 01:15:31,720
Speaker 2: The Treaty Principles Bill fiasco exposes a couple of things. First,

1614
01:15:31,760 --> 01:15:35,040
Speaker 2: d Chrystobal Luxen is not principled, will always choose populism

1615
01:15:35,080 --> 01:15:38,320
Speaker 2: over principles. Well, that's called democracy and it's how you win. Secondly,

1616
01:15:38,400 --> 01:15:40,280
Speaker 2: David Tymore, whether you agree with them or not, is

1617
01:15:40,360 --> 01:15:43,679
Speaker 2: the most principled leader we've seen in living memory. Twenty

1618
01:15:43,760 --> 01:15:45,040
Speaker 2: three minutes away from.

1619
01:15:44,920 --> 01:15:49,360
Speaker 1: Nine International correspondence with Ends and Eye Insurance. Peace of

1620
01:15:49,400 --> 01:15:51,320
Speaker 1: mind for New Zealand business in Australia.

1621
01:15:51,360 --> 01:15:54,360
Speaker 2: Three plus, Very good morning to you, Good Morne. Now

1622
01:15:54,439 --> 01:15:56,160
Speaker 2: the soul of farm. I'll come to a story I

1623
01:15:56,160 --> 01:15:58,360
Speaker 2: read in Australia Australian media the other day because there

1624
01:15:58,360 --> 01:16:00,280
Speaker 2: seems to be real anks with the Barnaby Joyce and

1625
01:16:00,320 --> 01:16:02,960
Speaker 2: stuff over how many windmills and how many solar panels

1626
01:16:03,000 --> 01:16:05,000
Speaker 2: you having that particular part of the world. But this

1627
01:16:05,080 --> 01:16:08,360
Speaker 2: world's biggest one. How big is it massive?

1628
01:16:08,520 --> 01:16:12,040
Speaker 3: I mean this is called sun Cable. To give you

1629
01:16:12,080 --> 01:16:16,360
Speaker 3: an idea even to google what the hectare hectares into

1630
01:16:16,439 --> 01:16:20,960
Speaker 3: acres was, It's twelve thousand hectares big, which is thirty

1631
01:16:21,120 --> 01:16:25,400
Speaker 3: thousand acres. It's also had approval for an eight hundred

1632
01:16:25,439 --> 01:16:28,960
Speaker 3: kilometer transmission line between where it is down the Attendant

1633
01:16:29,040 --> 01:16:32,160
Speaker 3: Creek back to Darwin. And it's also got approval for

1634
01:16:32,240 --> 01:16:35,120
Speaker 3: an underwooter cable which will end at the end of

1635
01:16:35,160 --> 01:16:38,479
Speaker 3: Australian waters. Now, the history of this stink is it's

1636
01:16:38,520 --> 01:16:42,320
Speaker 3: mainly owned by Mike cannon Brooks, who's a billionaire in Australia,

1637
01:16:42,920 --> 01:16:45,599
Speaker 3: made his money in tech now.

1638
01:16:45,800 --> 01:16:48,320
Speaker 13: He and Twiggy.

1639
01:16:48,000 --> 01:16:51,200
Speaker 3: Forest the Iron ore Minor were originally partners in this thing,

1640
01:16:51,280 --> 01:16:53,960
Speaker 3: but twigg walked away. The original plan is to run

1641
01:16:54,000 --> 01:16:58,560
Speaker 3: a cable under the water all the way to Singapore

1642
01:16:58,680 --> 01:17:02,200
Speaker 3: to provide clean energy for Singapore. So that would be

1643
01:17:02,240 --> 01:17:06,000
Speaker 3: a four two hundred kilometer underwater cable. That would be

1644
01:17:06,040 --> 01:17:10,120
Speaker 3: the longest submarine cable link in the world. The next

1645
01:17:10,360 --> 01:17:13,840
Speaker 3: longest is only some seven hundred kilometers between Europe and

1646
01:17:13,880 --> 01:17:17,400
Speaker 3: the UK, so tween you walked away Cannonbrook stayed in.

1647
01:17:17,960 --> 01:17:21,200
Speaker 3: This thing's now got approval from Tanya Plivsekt, the Environment Minister.

1648
01:17:21,280 --> 01:17:23,920
Speaker 3: The reason I mentioned her is that she has this

1649
01:17:24,000 --> 01:17:28,000
Speaker 3: week shut down a gold mine in New South Wales

1650
01:17:28,040 --> 01:17:32,559
Speaker 3: because of concerns around an indigenous artifacts. That mine had

1651
01:17:32,600 --> 01:17:36,040
Speaker 3: been going for some thirty years and the owners of

1652
01:17:36,080 --> 01:17:40,120
Speaker 3: that mine are very upset. And she's also with the

1653
01:17:40,120 --> 01:17:43,920
Speaker 3: Prime Minister shut down uranium mining in a place called Jabaluka,

1654
01:17:43,960 --> 01:17:45,760
Speaker 3: which is on the edge of the Kakadir National Park,

1655
01:17:45,800 --> 01:17:48,200
Speaker 3: also in the Bokern territory. So it seems if you're

1656
01:17:48,240 --> 01:17:51,720
Speaker 3: green and you're getting your energy from solar panels or

1657
01:17:51,760 --> 01:17:54,280
Speaker 3: wind farms, you're going to get a tick no matter

1658
01:17:54,280 --> 01:17:57,880
Speaker 3: how big and where you are and how how either

1659
01:17:58,000 --> 01:18:01,080
Speaker 3: risk might be. But if you are traditionationally mining things

1660
01:18:01,120 --> 01:18:03,040
Speaker 3: like uranium and gold, you're going to get told no,

1661
01:18:03,160 --> 01:18:03,840
Speaker 3: you can't do it.

1662
01:18:03,960 --> 01:18:07,599
Speaker 2: Interesting article also I read yesterday that suggesting somebody can't

1663
01:18:07,600 --> 01:18:09,680
Speaker 2: remember who it was. Something Tank was suggesting that your

1664
01:18:09,720 --> 01:18:11,800
Speaker 2: window for renewables and the claim that you're going to

1665
01:18:11,800 --> 01:18:15,479
Speaker 2: be ex net free by twenty thirty and therefore eventually

1666
01:18:15,479 --> 01:18:18,160
Speaker 2: by twenty fifty is closing fast. How big a debate

1667
01:18:18,200 --> 01:18:20,240
Speaker 2: is that in Australia. Are people exercised about this or not?

1668
01:18:20,280 --> 01:18:20,519
Speaker 7: Really?

1669
01:18:21,000 --> 01:18:23,400
Speaker 3: Yeah, it's a huge debate, and people don't believe the

1670
01:18:23,439 --> 01:18:26,400
Speaker 3: claims that are being made, particularly by Chris Bohen who's

1671
01:18:26,720 --> 01:18:28,880
Speaker 3: the green Energy Minister. He just seems to be on

1672
01:18:28,920 --> 01:18:31,360
Speaker 3: some sort of fantasy and so this stuff just goes

1673
01:18:31,400 --> 01:18:33,080
Speaker 3: on and on and on. People just don't believe it.

1674
01:18:33,120 --> 01:18:37,680
Speaker 3: I mean, you're a you're a practicing economist. Does it

1675
01:18:37,760 --> 01:18:41,799
Speaker 3: make sense to build a solar farm over twelve thousand

1676
01:18:41,800 --> 01:18:46,479
Speaker 3: hectares which can generate enough electricity to power three million homes?

1677
01:18:46,920 --> 01:18:48,760
Speaker 3: Do you know what the population of Darwin is?

1678
01:18:49,200 --> 01:18:49,280
Speaker 5: What?

1679
01:18:50,240 --> 01:18:54,000
Speaker 3: One hundred and seventy thousand people? Why you're building a

1680
01:18:54,040 --> 01:18:56,479
Speaker 3: farm that can power three million homes in the middle

1681
01:18:56,479 --> 01:19:01,000
Speaker 3: of nowhere to power nothing? Well, who's going to use

1682
01:19:01,000 --> 01:19:01,519
Speaker 3: the alexity?

1683
01:19:01,560 --> 01:19:04,080
Speaker 2: We're going to do with it unless you can all

1684
01:19:04,120 --> 01:19:04,800
Speaker 2: store it or whatever.

1685
01:19:05,720 --> 01:19:08,840
Speaker 3: We're too you can't send it down the line of Adelaide.

1686
01:19:09,439 --> 01:19:09,519
Speaker 1: No.

1687
01:19:09,920 --> 01:19:12,400
Speaker 2: Well, if you could, that'll be your answer to your question.

1688
01:19:12,439 --> 01:19:14,479
Speaker 2: But if you can't, then there's no point. You're exactly right,

1689
01:19:14,680 --> 01:19:16,600
Speaker 2: eric Andre. Have I heard of him or not?

1690
01:19:17,479 --> 01:19:20,680
Speaker 3: No, neither of I. He's apparently got two point nine

1691
01:19:20,760 --> 01:19:24,639
Speaker 3: million followers on Instagram and probably you'll luck your younger

1692
01:19:24,640 --> 01:19:28,120
Speaker 3: audience probably does know. Eric Andre was this is a

1693
01:19:28,120 --> 01:19:31,000
Speaker 3: bloke who has had trouble in airport in America before.

1694
01:19:31,120 --> 01:19:34,040
Speaker 3: So let's just put that out there right now. He

1695
01:19:34,120 --> 01:19:36,679
Speaker 3: claims he was. You travel through Melbourne Airport a lot.

1696
01:19:36,960 --> 01:19:40,639
Speaker 3: He claims he was racially profile harassed and sniffed thoroughly

1697
01:19:40,680 --> 01:19:43,759
Speaker 3: by a dog at Melbourne Airport in what he calls

1698
01:19:43,800 --> 01:19:48,799
Speaker 3: a Cocker Mamy procedure. Now, he said, here's a message

1699
01:19:48,800 --> 01:19:52,599
Speaker 3: for all black, brown and Indigenous people traveling through Melbourne today,

1700
01:19:52,680 --> 01:19:56,559
Speaker 3: especially if you're going through international terminal, please be careful.

1701
01:19:56,920 --> 01:19:57,760
Speaker 5: He said he'd just.

1702
01:19:57,680 --> 01:19:59,720
Speaker 3: Been through a twenty five hour trip from New York

1703
01:19:59,720 --> 01:20:02,640
Speaker 3: to through Melbourne to Brisbane. He got pulled out of

1704
01:20:02,640 --> 01:20:05,800
Speaker 3: her into a lineup while going through security. He was

1705
01:20:05,840 --> 01:20:09,400
Speaker 3: put in a special line sniffed thoroughly by a dog.

1706
01:20:10,200 --> 01:20:13,680
Speaker 3: He said the experience, he expected any future clients to

1707
01:20:13,680 --> 01:20:16,040
Speaker 3: bring him to Australia. I'm not going through that airport

1708
01:20:16,040 --> 01:20:18,400
Speaker 3: anymore unless I have a security gap. I mean the

1709
01:20:18,400 --> 01:20:19,280
Speaker 3: guys Doret.

1710
01:20:20,640 --> 01:20:24,600
Speaker 2: Then we come to Gsenta as opposed to So the

1711
01:20:24,600 --> 01:20:27,240
Speaker 2: claims on returning is that worked? Well, you know when

1712
01:20:27,240 --> 01:20:28,960
Speaker 2: they sit in New South Walesia day, you've got to

1713
01:20:28,960 --> 01:20:29,679
Speaker 2: get back to the office.

1714
01:20:29,720 --> 01:20:33,400
Speaker 3: Did they No, they haven't. Probably, I mean, no one's

1715
01:20:33,479 --> 01:20:37,080
Speaker 3: measured yet. But this crazy claim from Decenter Allen today

1716
01:20:37,120 --> 01:20:39,760
Speaker 3: that where she claims that foot traffic to the city

1717
01:20:39,760 --> 01:20:43,040
Speaker 3: of Melbourne is back to pre COVID levels, Well, I

1718
01:20:43,040 --> 01:20:45,160
Speaker 3: don't know how they're measuring it or where they're measuring it.

1719
01:20:45,280 --> 01:20:49,360
Speaker 3: By the way, Victorian public servants are expected to work

1720
01:20:49,520 --> 01:20:52,679
Speaker 3: from the office three days a week, so you don't

1721
01:20:52,720 --> 01:20:55,240
Speaker 3: have to work from the office Monday and Friday, so

1722
01:20:55,280 --> 01:20:57,800
Speaker 3: that gives you Friday's at that Sunday Monday and no

1723
01:20:57,840 --> 01:21:02,720
Speaker 3: one measures that either. The Melbourne said is crumbling. I've

1724
01:21:02,720 --> 01:21:05,439
Speaker 3: told you this before. It is a mess covered with

1725
01:21:05,439 --> 01:21:08,400
Speaker 3: the graffiti and there's not many people there. These foot

1726
01:21:08,439 --> 01:21:13,000
Speaker 3: traffic measurements are taken not near public service offices. Interestingly,

1727
01:21:13,400 --> 01:21:17,400
Speaker 3: so what I suspect these are measuring is weekend foot

1728
01:21:17,439 --> 01:21:20,479
Speaker 3: traffic for people going into the city, may maybe to

1729
01:21:20,520 --> 01:21:23,960
Speaker 3: go to restaurants and cafes and bars, but certainly workers,

1730
01:21:24,600 --> 01:21:27,240
Speaker 3: the liightblood of any city, are not back in Melbourne

1731
01:21:27,240 --> 01:21:28,479
Speaker 3: and any big numbers at all.

1732
01:21:28,640 --> 01:21:31,559
Speaker 2: Wow, do you and I ask the question again, if

1733
01:21:31,560 --> 01:21:33,560
Speaker 2: you win's your next election locally.

1734
01:21:34,720 --> 01:21:37,599
Speaker 3: Twenty twenty six November.

1735
01:21:37,320 --> 01:21:40,080
Speaker 2: Would you make a call here and now do you

1736
01:21:40,280 --> 01:21:43,200
Speaker 2: think that the tide has turned on that lot and

1737
01:21:43,240 --> 01:21:44,439
Speaker 2: they might get booted out?

1738
01:21:44,840 --> 01:21:47,679
Speaker 3: Oneredent? Now, they're not many governments last ten years anyway,

1739
01:21:47,800 --> 01:21:49,880
Speaker 3: so this one will be by the time we go

1740
01:21:50,000 --> 01:21:53,120
Speaker 3: then election, it will be twelve years. They are cooked.

1741
01:21:53,320 --> 01:21:56,559
Speaker 3: They are toasted, as long as the opposition, who have

1742
01:21:56,600 --> 01:21:59,280
Speaker 3: been dreadful for the last decade can get their act

1743
01:21:59,320 --> 01:22:01,599
Speaker 3: together to get themselves a decental leader.

1744
01:22:01,760 --> 01:22:03,759
Speaker 2: Well, it's a pleasure. We'll see you Friday. Special Friday

1745
01:22:03,760 --> 01:22:06,080
Speaker 2: appearance of Steve Price this morning on the mic Hosking Breakfast.

1746
01:22:06,120 --> 01:22:09,880
Speaker 2: It's seventeen minutes away from nine scar quickly it's beneficial

1747
01:22:09,880 --> 01:22:11,880
Speaker 2: for the sheep. This is the article I was referring

1748
01:22:11,920 --> 01:22:15,160
Speaker 2: to as regards solar in Australia wind wind so this

1749
01:22:15,280 --> 01:22:17,400
Speaker 2: is this ongoing debate. Farmers are being offered up to

1750
01:22:17,439 --> 01:22:21,519
Speaker 2: fifteen hundred dollars a hectare per year. So little Proud,

1751
01:22:21,520 --> 01:22:25,719
Speaker 2: who's the national's leader Regional Australia saturation point for renewable

1752
01:22:25,840 --> 01:22:31,519
Speaker 2: energy projects, wind turbines, Barnaby Joys, solar panels, filth, filth

1753
01:22:31,760 --> 01:22:35,080
Speaker 2: that's all over our countryside, is what he says. However,

1754
01:22:35,120 --> 01:22:36,360
Speaker 2: what they've worked out, and I don't know why they

1755
01:22:36,360 --> 01:22:38,920
Speaker 2: haven't worked it out before, because it makes perfect sense.

1756
01:22:39,040 --> 01:22:41,720
Speaker 2: Whack a few solar panels in a big paddock and

1757
01:22:41,760 --> 01:22:44,439
Speaker 2: what happens well, won the sheep shelter under it. In

1758
01:22:44,479 --> 01:22:46,160
Speaker 2: a place like Australia where there's a lot of sun,

1759
01:22:46,160 --> 01:22:49,400
Speaker 2: they get shade good When it rains. What happens to

1760
01:22:49,400 --> 01:22:51,639
Speaker 2: the water when it hits the solar panels, It runs

1761
01:22:51,680 --> 01:22:54,519
Speaker 2: off onto the land in a way that makes a

1762
01:22:54,600 --> 01:22:58,360
Speaker 2: noticeable difference to the land. And so they've got a

1763
01:22:58,400 --> 01:23:01,320
Speaker 2: noticeable difference in productivity between the paddocks were solar panels

1764
01:23:01,360 --> 01:23:04,720
Speaker 2: and those without. Its beneficial for the sheep. They have

1765
01:23:04,800 --> 01:23:07,720
Speaker 2: shade in the summer, shelter in the rain and the

1766
01:23:07,760 --> 01:23:10,000
Speaker 2: grass is green from the moisture running off the panel,

1767
01:23:10,120 --> 01:23:12,719
Speaker 2: So how on earth would you how could you possibly

1768
01:23:12,800 --> 01:23:14,200
Speaker 2: so you can add both? In other words, you're not

1769
01:23:14,200 --> 01:23:17,320
Speaker 2: converting land from sheep to forest. You're converting the land

1770
01:23:17,360 --> 01:23:21,280
Speaker 2: from sheep to sheep and solar panels. When when surely

1771
01:23:21,439 --> 01:23:22,400
Speaker 2: eight forty five.

1772
01:23:24,680 --> 01:23:29,120
Speaker 1: The My Asking Breakfast Full Show podcast on iHeartRadio powered

1773
01:23:29,120 --> 01:23:30,080
Speaker 1: by News talks at.

1774
01:23:30,040 --> 01:23:32,880
Speaker 2: B twelve away from nine mic. Insurance in this country

1775
01:23:32,960 --> 01:23:35,280
Speaker 2: is worse than banking. Only two major companies has compared

1776
01:23:35,320 --> 01:23:37,960
Speaker 2: with four banks, all Australian nine. It's trunning should say that.

1777
01:23:38,040 --> 01:23:40,519
Speaker 2: So I'm reading this article once again in Australia. Yesterday

1778
01:23:40,800 --> 01:23:43,320
Speaker 2: sun Corp, who run Amy and Gio and that part

1779
01:23:43,360 --> 01:23:45,599
Speaker 2: of the world, but here they run vio, AA, astro

1780
01:23:45,600 --> 01:23:47,760
Speaker 2: On etc. They were busy telling us how they need

1781
01:23:47,800 --> 01:23:50,400
Speaker 2: to keep on putting up premiums because despite the fact

1782
01:23:50,439 --> 01:23:53,040
Speaker 2: that the weather had settled down a bit in the

1783
01:23:53,040 --> 01:23:56,719
Speaker 2: past five years, they had seven hundred thousand claims costing

1784
01:23:56,760 --> 01:23:59,799
Speaker 2: more than nine billion dollars. Our reinsurance has become more expensive.

1785
01:23:59,800 --> 01:24:01,599
Speaker 2: So we accept all of that. Fair enough, their facts

1786
01:24:01,600 --> 01:24:04,400
Speaker 2: and figures, you can't argue with them. Input costs whatever

1787
01:24:04,439 --> 01:24:07,719
Speaker 2: that means, had added a billion to the company's bottom line,

1788
01:24:07,880 --> 01:24:10,719
Speaker 2: higher insurance costs had been the biggest contributor to inflation.

1789
01:24:10,800 --> 01:24:13,599
Speaker 2: Annual inflation as done on Australia at three point eight

1790
01:24:14,120 --> 01:24:16,599
Speaker 2: are the most recent consumer price index figures for insurances

1791
01:24:16,600 --> 01:24:18,719
Speaker 2: at fourteen. I mean they're as bad as local councils

1792
01:24:19,080 --> 01:24:21,200
Speaker 2: peak of sixteen point four. So, in other words, unlike

1793
01:24:21,240 --> 01:24:25,000
Speaker 2: everything else in inflationary that's inflationary at sixteen point four peak,

1794
01:24:25,040 --> 01:24:27,400
Speaker 2: that not come down, they are only at fourteen percent

1795
01:24:28,000 --> 01:24:30,920
Speaker 2: In home insurance. They're saying it's a more complex area

1796
01:24:30,960 --> 01:24:33,759
Speaker 2: because what we're discovering in Australia is water damage inside

1797
01:24:33,800 --> 01:24:37,400
Speaker 2: the home. And here's the interesting one severe fire losses. Now,

1798
01:24:37,439 --> 01:24:41,240
Speaker 2: why are they're having severe fire losses Lithium batteries. When

1799
01:24:41,280 --> 01:24:45,720
Speaker 2: a lithium batteries burns, it burns everything. You can't put

1800
01:24:45,720 --> 01:24:47,840
Speaker 2: it out. It's hard work. They've also got problems with

1801
01:24:47,880 --> 01:24:50,960
Speaker 2: Flexi water pipes that were installed more than a decade ago,

1802
01:24:51,000 --> 01:24:54,519
Speaker 2: and the Flexi water pipes are bursting now apparently very Wellington. Anyway.

1803
01:24:55,720 --> 01:24:57,920
Speaker 2: In twenty twenty four Sun Corp. And I'm building up

1804
01:24:57,960 --> 01:25:00,640
Speaker 2: to this twenty twenty four sun Corp eight hundred and

1805
01:25:00,680 --> 01:25:03,240
Speaker 2: twenty natural disasters that cost more than ten million dollars.

1806
01:25:03,280 --> 01:25:05,759
Speaker 2: So all of this is fantastic. So they're saying, look,

1807
01:25:06,040 --> 01:25:08,000
Speaker 2: we can't help it. We'd love to charge your left

1808
01:25:08,000 --> 01:25:10,960
Speaker 2: but we simply can't because times are difficult. We've got

1809
01:25:10,960 --> 01:25:13,080
Speaker 2: all these flexy pipes, we've got all these lifting and

1810
01:25:13,120 --> 01:25:15,799
Speaker 2: batteries blowing up from all your evs and your e scooters.

1811
01:25:15,800 --> 01:25:18,960
Speaker 2: So what do you want us to do? Having announced

1812
01:25:18,960 --> 01:25:23,200
Speaker 2: all of that, they then say their full year net

1813
01:25:23,280 --> 01:25:28,840
Speaker 2: profit was up by twelve percent to one point two

1814
01:25:29,760 --> 01:25:35,760
Speaker 2: billion dollars. Talk about shoot yourself on the foot at

1815
01:25:35,760 --> 01:25:37,640
Speaker 2: the end. Ten away from nine.

1816
01:25:37,960 --> 01:25:42,080
Speaker 1: The Mike Hosking Breakfast with Dailey's Real Estate News Talk Zivvy.

1817
01:25:42,439 --> 01:25:45,360
Speaker 2: Mike, we have a we have a farm, but we

1818
01:25:45,400 --> 01:25:47,240
Speaker 2: could also have a large wind farm. But we're controlled

1819
01:25:47,240 --> 01:25:48,880
Speaker 2: by the nimbis that live at least one hundred and

1820
01:25:48,920 --> 01:25:52,040
Speaker 2: seventy kilometers away, run numerous hills, etc. That's part of

1821
01:25:52,080 --> 01:25:54,200
Speaker 2: the problem. That's what they're trying to, you know, get

1822
01:25:54,240 --> 01:25:56,599
Speaker 2: past and the Resource Management Act and all that sort

1823
01:25:56,640 --> 01:26:00,320
Speaker 2: of stuff. Today, if you're into the DNC, the Democratic

1824
01:26:00,360 --> 01:26:03,160
Speaker 2: National Conventions, I thoroughly enjoyed yesterday, not all of it.

1825
01:26:03,200 --> 01:26:05,479
Speaker 2: Some of it was a bit narky. Raskin was a

1826
01:26:05,479 --> 01:26:10,120
Speaker 2: bit narky. Jill Biden probably hit her true emotions reasonably

1827
01:26:10,120 --> 01:26:11,800
Speaker 2: while she was short and sharpened to the point that

1828
01:26:11,840 --> 01:26:14,639
Speaker 2: was quite good. Hillary Clinton was surprisingly good. A lot

1829
01:26:14,640 --> 01:26:16,640
Speaker 2: of talk about how good the makeup department is in

1830
01:26:16,680 --> 01:26:19,960
Speaker 2: the Democratic Party. Most of the women look fantastic, and

1831
01:26:20,000 --> 01:26:22,559
Speaker 2: you've seen photos where they don't, and so they've been

1832
01:26:22,600 --> 01:26:27,200
Speaker 2: able to be successfully transformed visually. They looked absolutely brilliant. Anyway,

1833
01:26:27,240 --> 01:26:30,080
Speaker 2: be that as it may, she was good. Hillary was good,

1834
01:26:30,520 --> 01:26:31,960
Speaker 2: and it must have been difficult for her to front

1835
01:26:32,040 --> 01:26:34,479
Speaker 2: up and say what she had to say, given you

1836
01:26:34,520 --> 01:26:38,360
Speaker 2: know what happened to her. But today is in fact,

1837
01:26:38,439 --> 01:26:43,040
Speaker 2: today I think is better than tomorrow because tomorrow is

1838
01:26:43,080 --> 01:26:47,719
Speaker 2: Bill Clinton could be good. Nancy Pelosi, she was standing

1839
01:26:47,760 --> 01:26:50,200
Speaker 2: there with a sign, she grabbed it off somebody. She

1840
01:26:50,200 --> 01:26:53,080
Speaker 2: didn't have a sign, and when Joe came out, everyone

1841
01:26:53,479 --> 01:26:56,840
Speaker 2: the evation that Joe Biden got is worth watching. It

1842
01:26:56,920 --> 01:27:02,880
Speaker 2: is absolutely like nothing you've ever seen before. It was incredible. Anyway,

1843
01:27:02,920 --> 01:27:05,479
Speaker 2: she didn't never sign, so she snatched one off one

1844
01:27:05,479 --> 01:27:07,880
Speaker 2: of her minion's which was a thank you Joe sign,

1845
01:27:07,920 --> 01:27:13,440
Speaker 2: and I thought you d plicitous backstabbing little San Francisco

1846
01:27:13,520 --> 01:27:17,040
Speaker 2: white you, I thought, what a shaller If you're going

1847
01:27:17,080 --> 01:27:20,720
Speaker 2: to knife somebody, and she was the chief knifer, at

1848
01:27:20,800 --> 01:27:23,760
Speaker 2: least don't pretend you're not a knifer, and you don't

1849
01:27:23,760 --> 01:27:27,360
Speaker 2: pretend what you really are. For God's sake, I hate

1850
01:27:27,520 --> 01:27:28,599
Speaker 2: duplicitous people.

1851
01:27:28,760 --> 01:27:30,920
Speaker 3: I'm sure I thought Joe said that nobody was angry.

1852
01:27:31,840 --> 01:27:37,120
Speaker 2: Joe was lying anyway, So today's the day because you've

1853
01:27:37,160 --> 01:27:40,200
Speaker 2: got Michelle, and nobody's more popular in the Democratic Party

1854
01:27:40,240 --> 01:27:44,479
Speaker 2: than Michelle, not even Barak, who I'm assuming is coming

1855
01:27:44,479 --> 01:27:46,800
Speaker 2: on after her, because I don't think that. If I

1856
01:27:46,920 --> 01:27:49,040
Speaker 2: was running it, i'd put her on after him because

1857
01:27:49,080 --> 01:27:51,200
Speaker 2: she's more popular than he is. But I don't think.

1858
01:27:51,280 --> 01:27:53,840
Speaker 2: And Doug him Hoff, i've never heard him talk. I mean,

1859
01:27:53,920 --> 01:27:55,960
Speaker 2: he may be good, he may but he's on the day,

1860
01:27:56,040 --> 01:27:57,719
Speaker 2: so it could be a good day. Five to nine.

1861
01:27:58,040 --> 01:28:02,720
Speaker 1: Trending Now House, the Real House of Fragrances.

1862
01:28:02,840 --> 01:28:06,360
Speaker 2: Sopranos. We've got a thing. If you love the Sopranos,

1863
01:28:06,720 --> 01:28:09,600
Speaker 2: We've got something for you. It's a new two part documentary.

1864
01:28:10,040 --> 01:28:13,360
Speaker 2: It's called Wise Guy David Chasing the Sopranos. It's about

1865
01:28:13,360 --> 01:28:15,639
Speaker 2: how it came to be. We got some new interviews

1866
01:28:15,640 --> 01:28:16,479
Speaker 2: with all the stars.

1867
01:28:17,240 --> 01:28:20,040
Speaker 16: For years, everybody told me you should write the show

1868
01:28:20,360 --> 01:28:24,360
Speaker 16: your mother and yourself, she was so out there.

1869
01:28:24,479 --> 01:28:26,040
Speaker 5: Stop telling me how to live my life.

1870
01:28:26,080 --> 01:28:27,160
Speaker 10: You just shut up.

1871
01:28:29,920 --> 01:28:30,840
Speaker 16: Who's gonna watch that?

1872
01:28:30,960 --> 01:28:32,960
Speaker 8: So what happened with you and the Sopranos is, like

1873
01:28:33,160 --> 01:28:34,920
Speaker 8: Chibio said, go for it, man.

1874
01:28:35,479 --> 01:28:36,920
Speaker 16: Well nobody else wanted it.

1875
01:28:37,000 --> 01:28:40,000
Speaker 5: We said things that nowadays would be frowned upon.

1876
01:28:40,240 --> 01:28:42,719
Speaker 12: We're writing about bad people, and we got to access

1877
01:28:42,720 --> 01:28:44,000
Speaker 12: to those parts of ourselves.

1878
01:28:44,240 --> 01:28:47,240
Speaker 16: The story comes out of those characters. Jim had his

1879
01:28:47,320 --> 01:28:51,439
Speaker 16: own way of becoming Tony. Unless you're really diligent, you

1880
01:28:51,439 --> 01:28:53,519
Speaker 16: can end up taking your work home, and as an actor,

1881
01:28:53,560 --> 01:28:55,280
Speaker 16: that's not always a great idea.

1882
01:28:55,560 --> 01:28:58,280
Speaker 2: He probably quit the show every other day.

1883
01:28:59,520 --> 01:29:01,519
Speaker 11: Did you see the Elements of Yourself and Tony?

1884
01:29:02,600 --> 01:29:07,000
Speaker 2: September seven? It's on Max, but we don't have Max here,

1885
01:29:07,040 --> 01:29:09,840
Speaker 2: so that means it will be on Neon, and as

1886
01:29:09,880 --> 01:29:13,840
Speaker 2: Glenn so often points out, if it's on Neon, it's

1887
01:29:13,920 --> 01:29:19,799
Speaker 2: on Sky Sky, So therefore it's on Sky Neon and Max.

1888
01:29:22,080 --> 01:29:25,840
Speaker 2: I didn't watch. My wife did? She watched more than

1889
01:29:25,880 --> 01:29:28,519
Speaker 2: I did. The show called Breeders. Does breeders mean anything

1890
01:29:28,560 --> 01:29:32,040
Speaker 2: to you. It's on Disney. If it's not on Disney,

1891
01:29:32,040 --> 01:29:34,479
Speaker 2: it's on Apple. I think it's on Disney. And it's

1892
01:29:34,520 --> 01:29:37,839
Speaker 2: got the British guy that yoga ah him. He's on everything.

1893
01:29:37,880 --> 01:29:43,160
Speaker 2: It's comedic, it's moderately entertaining thirty minute episodes. We concluded

1894
01:29:43,200 --> 01:29:45,120
Speaker 2: I walked out halfway through and said this is crap,

1895
01:29:45,320 --> 01:29:47,960
Speaker 2: but we concluded by the end of it that it's

1896
01:29:48,000 --> 01:29:51,519
Speaker 2: got potential. So if you've got time today in between

1897
01:29:51,520 --> 01:29:53,760
Speaker 2: the Democratic Convention, give that a crack and let me

1898
01:29:53,800 --> 01:29:56,280
Speaker 2: know them what you think. Back tomorrow morning on The

1899
01:29:56,320 --> 01:29:59,840
Speaker 2: Mike Hosking Breakfast from six as always Happy Days.

1900
01:30:02,640 --> 01:30:05,559
Speaker 1: For more from the Mic Asking Breakfast, listen live to

1901
01:30:05,640 --> 01:30:08,719
Speaker 1: News Talk Set B from six am weekdays, or follow

1902
01:30:08,760 --> 01:30:10,320
Speaker 1: the podcast on iHeartRadio.