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Speaker 1: You're Trusted Home for News, Sport, Entertainment, Opinion and Mike

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Speaker 1: the mic Hosking Breakfast with a Veda, Retirement Communities, Life

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Speaker 1: Your Way news togs had.

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Speaker 2: Been morning and welcome today the full draft curriculum for

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Speaker 2: primary schools. Some of the numbers around the CGT and

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Speaker 2: whether they're made up? Suplitter Beck celebrating twenty years of

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Speaker 2: Rocket Lab, Mark and Ginny do Politics Wednesday, Rich it On,

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Speaker 2: Steve Price therein as well pasking well today seven past six.

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Speaker 2: Now do we have a major win for the Australian

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Speaker 2: government and is their win potentially our win? So yesterday

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Speaker 2: at a Senate hearing a major social the major social

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Speaker 2: media players capitulated and confirmed they would comply with Australia's

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Speaker 2: new ban on under sixteens on social media now. The

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Speaker 2: rule is set to become law in December. Up until

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Speaker 2: this point several issues have been at play. One, a

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Speaker 2: government led inquiry found no one single application that allows

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Speaker 2: under sixteens to be banned, and I'm not sure that's

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Speaker 2: actually changed. Two some of the major tech players had

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Speaker 2: threatened to simply turn off their services in Australia, and

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Speaker 2: three won the still very much alive and real when

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Speaker 2: the account asks your age, like abooz outlet, are you

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Speaker 2: over or under sixteen? What's stopping you lying? Lots of

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Speaker 2: activities have age restrictions. Of course, the gap between the

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Speaker 2: theory and the reality remains large. Counter argument is, at

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Speaker 2: least it's a start. It might well have a chilling effect.

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Speaker 2: I mean, no, it doesn't capture everyone, but it captures some,

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Speaker 2: and in capturing some, maybe it becomes a thing. You

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Speaker 2: then come to the other reality what these companies say

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Speaker 2: versus what they do now. They claim they will take

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Speaker 2: down accounts. Will they probably if it gets embarrassing or

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Speaker 2: a noise is made. But anyone who's ever had ads

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Speaker 2: involving their image sprooking things like crypto knows full well

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Speaker 2: these companies are not what you would call aggressively proactive.

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Speaker 2: And what in reality it takes as phone calls and

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Speaker 2: letters from exercise victims to actually get some action. But

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Speaker 2: the upshot appears to be this a month back, this

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Speaker 2: thing was a fanciful waste of time, a thought bubble

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Speaker 2: going nowhere fast, a well intentioned blue sky press release

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Speaker 2: from an interventionist government. As of yesterday's Senate inquiry, it's

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Speaker 2: at the very least, a good day for those who

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Speaker 2: argue that social media does more harm than good, a

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Speaker 2: good day for parents who to spirit their kids and

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Speaker 2: their own line obsessions, and a good die for a

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Speaker 2: government that made a bowl call at a time that

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Speaker 2: didn't seem backed up by a workable solution, but now

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Speaker 2: looks at least plausible.

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Speaker 1: News of the world in ninety second.

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Speaker 2: No, you don't want to be in Jamaica right now, Jamaica.

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Speaker 3: This is not the time to be brief. I've been

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Speaker 3: saying for one week. Go bet against Melissa. It is

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Speaker 3: a bet we can't win.

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Speaker 2: The main service outlines who's at risk.

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Speaker 4: Persons who are living in the mountains in the highat

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Speaker 4: terrain are also very much concerned about what could be

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Speaker 4: experience in terms of the lifting of roofs and the

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Speaker 4: blowing down of trees and all the loss of electricity.

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Speaker 4: All these things are of major concern.

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Speaker 2: And nor through America a couple of things growing concerned

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Speaker 2: over the safety around flying given the shutdown.

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Speaker 5: Oftentimes I'm asked is the airspace safe?

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Speaker 2: Is it safe to fly?

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Speaker 6: And I will tell you that yes, it's as safe

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Speaker 6: today as it was two months ago.

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Speaker 2: It's safe being Biden and auto Pengate. The Republicans have

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Speaker 2: built their long and whited report. It's off to justice

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Speaker 2: and they want people held to account.

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Speaker 7: You have people who are running roughshot over the Constitution

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Speaker 7: and going rogue. That is a violation of their oath.

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Speaker 7: Not only does he have his oath as a doctor,

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Speaker 7: but he has an oath to the Constitution that he violated.

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Speaker 7: It's shameful. The American people deserve answers many time.

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Speaker 2: The bosses in Japan doing the business.

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Speaker 8: Japan is making big investments since the United States. And

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Speaker 8: I was just old by the Prime Minister that Toyota

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Speaker 8: is going to be putting auto plants all over the

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Speaker 8: United States to the tune of over ten billion dollars.

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Speaker 2: And if you look up at the moment, you might

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Speaker 2: see thirty one atlas. The question is is it aliend.

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Speaker 9: It has also arrived from the direction of the Wow

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Speaker 9: signal from nineteen seventy seven, a radio signal that we

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Speaker 9: couldn't figure out that was definitely extra galactic. It has

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Speaker 9: a lot of phenomenalies.

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Speaker 2: That Guy reckons as a forty percent chance it's alien. Finally,

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Speaker 2: fun fact. If that wasn't a fun fact, Apple just

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Speaker 2: crossed the four trillion mark. Our new iPhones are doing it.

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Speaker 2: For another fun fact, these days, they're laggards really. They

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Speaker 2: were the first company ever to hit one trillion, then

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Speaker 2: two trillion, then three trillion, but they've been beaten, of

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Speaker 2: course by Nanvidia and Microsoft to four trillion. But more

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Speaker 2: on that shortly. News of the world meantime in ninety seven,

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Speaker 2: we've also got some pretty good news for South Korea

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Speaker 2: as the Prime Minister lands and APEX starts. Of course,

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Speaker 2: their GDP number came out yesterday. Are they growing, Yes

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Speaker 2: they are. Are they growing fast? Yes, they are fastest

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Speaker 2: paced this year. Central Banks is one point zero point

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Speaker 2: nine for this year, one point six percent for their

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Speaker 2: GDP next year. Eleven past six, the.

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Speaker 1: Mic Hosking Breakfast Full Show podcast on iHeartRadio cowed by

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Speaker 1: news talks eb.

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Speaker 2: I'm very sad news. The smalling Pronella Scales has died

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Speaker 2: at the age of ninety three, famously civil faulty, of course,

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Speaker 2: died peacefully at home yes day, to by by two sons,

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Speaker 2: one step daughter, seven grandchildren and four great grandchildren. She

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Speaker 2: was watching Faulty towels the day before she died. Fourteen

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Speaker 2: past six yeah, gall and then a rape so Greg

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Speaker 2: Smith and good morning, good morning. Mis hard to keep

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Speaker 2: up with all this, isn't it? With Microsoft and open

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Speaker 2: Ai and and Video and Nokia and billions flying here,

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Speaker 2: there and everywhere.

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Speaker 10: Absolutely, it's absolutely merry go around, isn't it. So the

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Speaker 10: first deal, the daddy of them all in video that's

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Speaker 10: taking a billion dollar steak in Nokio.

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Speaker 2: So yeah, I.

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Speaker 10: Guess we all had those clamshell phones at one point, probably,

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Speaker 10: but the soul that may by division years ago. So

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Speaker 10: they've been focusing on to say, the infrastructure for telcos.

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Speaker 10: It looks like in video sees the opportunity to make

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Speaker 10: sure it's chips pair their next generation of AI driven network.

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Speaker 10: So first five G and then eventually six G noak investors,

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Speaker 10: they certainly liked what they heard. Shares in the US

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Speaker 10: sawed twenty five percent and really of course no stranger

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Speaker 10: to taking deals and other tech partners. They conded five

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Speaker 10: billion into rival Intel, and they've also invested investing one

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Speaker 10: hundred billion owner open Ai. So not to be done,

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Speaker 10: another tech titan is getting in on the act. So

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Speaker 10: OpenEye is giving Microsoft a twenty seven percent stake, and

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Speaker 10: that's worth around about a one hundred and thirty five

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Speaker 10: billion and it's part of the restructurings. This deal Mike

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Speaker 10: evidently took a year to negotiate cements. Microsoft's role is

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Speaker 10: Openey's biggest backer. Gives access to the chet GPT owners

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Speaker 10: take until twenty thirty two. And it's all about AGI,

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Speaker 10: which is artificial general intelligence. Now that doesn't exist yet,

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Speaker 10: but it's a more powerful form of AI. So stay

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Speaker 10: tuned for the Microsoft. They're going to get twenty percent

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Speaker 10: of Open Eyes revenue. The new structures are nonprofit arms.

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Speaker 10: That's quite nice. Regulars have signed off the move and

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Speaker 10: Microsoft shares up two percent on the news. Invest is

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Speaker 10: seeing it as a major win in the global alright,

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Speaker 10: so pace is eating up Mike.

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Speaker 2: Okay, back on the ground in the real man's land.

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Speaker 2: This Domino's thing is what's going on across the testament?

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Speaker 2: Is that real or not?

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Speaker 10: Well, no, it doesn't seem to be real at this point.

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Speaker 10: It was speculated in the media that Baying Capitals so

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Speaker 10: private equity company, they were the ones that successfully returned

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Speaker 10: Virgin Australia to the asex of after a five year episence.

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Speaker 10: See another high profile turnaround target. So Domino's they've got

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Speaker 10: the franchise for Australia, New Zealand, Japan, a few countries

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Speaker 10: in Europe. They've actually denied it, but certainly as a

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Speaker 10: turnaround story. When yeah, we're in lockdown during the pandemic,

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Speaker 10: they're flying high. They've since lost ninety percent of their

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Speaker 10: value since twenty twenty one, so pizza that's become commoditized.

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Speaker 10: Competition has literally been heading up cost of living pressures

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Speaker 10: and their price and strategies haven't worked. So and they've

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Speaker 10: also I suppose a bit, not more than they could

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Speaker 10: chew in their expansion in Japan and Europe. First in

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Speaker 10: your loss in August and two decades speculation Baine wants

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Speaker 10: your Australian usy on operations, but they have to take

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Speaker 10: the whole lot shares that up as much as twenty

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Speaker 10: five percent before the company said, I know, we're not

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Speaker 10: actually doing that. So we'll see if there's any bit

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Speaker 10: and where there's any sort of I suppose fire where

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Speaker 10: the smoke if you like, So it would need the

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Speaker 10: sign of from Domino's mothership in the US and one deal.

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Speaker 10: It's definitely going here at aub One of Australia's largest

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Speaker 10: insurance breaking networks. They've got operations over here as well.

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Speaker 10: They popped six percent, so they've received the bid from EQT.

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Speaker 10: Remember they actually brought out MetLife here in twenty twenty

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Speaker 10: that actually bought lots of stuff in Australia. That here,

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Speaker 10: Gym's and HR software companies haven't really had a successful

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Speaker 10: play for a financial services company as yet, but this

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Speaker 10: may well be it. They specialize in bringing in tech

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Speaker 10: and modernizing stuff and generating efficiencies, so perhaps they see

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Speaker 10: the same thing again. Aub shares up nearly six.

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Speaker 2: Percent, right, what about HSBC, So they.

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Speaker 10: Came out with a bit of a mixed result. I

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Speaker 10: suppose if you look at it fourteen percent four and

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Speaker 10: third quarter profits seven point three billion, operating expenses up

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Speaker 10: twenty four percent. Main reason here, Mike Bernie Madoff is

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Speaker 10: still causing problems I suppose for lots of companies. You know,

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Speaker 10: he's gone one point one billion costs an appeal as

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Speaker 10: part of his Ponzi scheme, which they were they were

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Speaker 10: actually investing directly. But they are one of a number

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Speaker 10: of banks that served as custodian and they said to

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Speaker 10: have ignored red flags and basically have to return the

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Speaker 10: securities that were actually fake but were supposedly held for investors.

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Speaker 11: So being news.

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Speaker 10: Outside of that, need interest income for the quarter rows

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Speaker 10: fifteen percent eight point eight billion, thirty percent jumping income

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Speaker 10: from wealth divisions. That was pretty good, and they reckon

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Speaker 10: four year need interesting income is going to hit forty

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Speaker 10: three billion. Doing really well in Hong Kong. They want

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Speaker 10: to take one of their subsidiaries, their private billion at

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Speaker 10: thirty seven billion. They've raised their profit outlooks for twenty

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Speaker 10: twenty five gable guid for double digit average annual growth.

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Speaker 10: The stock rose nearly five percent. London up over thirty

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Speaker 10: percent this year, so doing pretty well against the FORTS

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Speaker 10: one hundred which is up eighty percent.

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Speaker 2: Okay, what are the other numbers?

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Speaker 10: So we have got more records today than Mike. We've

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Speaker 10: got the Dow up point eight percent forty seven nine

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Speaker 10: one eight. We've got the S and P up point

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Speaker 10: three percent. We've got the nasdeck up point six percent

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Speaker 10: two three seven eighty seven dollars records for one hundred

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Speaker 10: for a swith also record up point four percent, nine

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Speaker 10: six ninety six, Nick Eye down point six percent, ASEX

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Speaker 10: two hundred down a half percent z X fifty we're

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Speaker 10: at one point one percent thirteen four six two Kmili's

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Speaker 10: goal down twenty five dollars coming back from record highs

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Speaker 10: three nine to five to seven. Oil down a dollar

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Speaker 10: sixteen he spot fifteen. Currency markets keep high against the

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Speaker 10: US fifty seven point nine lower against the dollar eighty

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Speaker 10: seven point nine British pound with forty three point six

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Speaker 10: That was up point seven percent there Japanese en we're

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Speaker 10: down to touch eighty eight point one.

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Speaker 2: All right, mate, go well, catch up tomorrow. Appreciate it.

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Speaker 2: Greg Smith out of generate wealth and key we save

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Speaker 2: a specialist tasking. I predicted that sometime before the end

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Speaker 2: of the year we're going to get to three nine

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Speaker 2: to nine on mortgage money, and the banks are starting

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Speaker 2: to anticipate what the RB is going to do next month.

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Speaker 2: And this morning we have TSB who've come in with

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Speaker 2: a ten basis point cunt on their one year fixed

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Speaker 2: lowest AD mortgage rate on the market currently at four

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Speaker 2: point three nine. So things are getting interesting. Six twenty

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Speaker 2: one News Towards.

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Speaker 1: VB, the Vice Asking Breakfast Full Show podcast on iHeartRadio

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Speaker 1: powered by News talksv I'm just.

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Speaker 2: Going to update you on my obsession with African democracy,

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Speaker 2: I use the word democracy very loosely. In Cameroon, which

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Speaker 2: we've been waiting for the result, Ban who's about one

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Speaker 2: hundred and fifty seven years old anyway, he wonly got

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Speaker 2: fifty three point seven percent of the vote. To the

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Speaker 2: guy Backery who claimed victory, he only got thirty five

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Speaker 2: percent of the vote. So this guy's at ninety two

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Speaker 2: and he's got another seven years, so it will be

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Speaker 2: over one hundred by the time it's done. Meantime, Ivory Coast,

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Speaker 2: the president, guy called Atata, he got his fourth term.

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Speaker 2: He got his fourth term because he did a very

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Speaker 2: African thing. He rounded up a couple of the challenges

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Speaker 2: and barred them from running. So when he actually got

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Speaker 2: to the boat, he got eighty nine point eight percent

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Speaker 2: of the vote voted. Turnout was fifty percent, so he's

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Speaker 2: got that sort of time. In Guinea, they've just announced

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Speaker 2: they've got elections in December. Presidential elections. But if you

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Speaker 2: want to run for the president or the presidential role,

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Speaker 2: you have to come up with about one hundred and

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Speaker 2: fifty thousand New Zealand dollars by way of deposit. And

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Speaker 2: of course if you've looked at Guinea lately, not many

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Speaker 2: people had that sort of money, So there's a bit

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Speaker 2: of angst around that advantage being that if you put

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Speaker 2: the deposit down and when you get your money back.

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Speaker 2: But of course, if you put your money down and

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Speaker 2: don't win, unfortunately for you nothing Mike didn't have. Can

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Speaker 2: say as long as he's leader of the Labor Party,

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Speaker 2: there'd be no CGT. That's quite a good question answer

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Speaker 2: shortly six twenty five.

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Speaker 6: Trending now with Chemist Warehouse celebrate big brands and big savings.

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Speaker 2: Before I get to that, it penny Wise, the Keller

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Speaker 2: clown Stephen King, multi billion dollar franchise, two films so far.

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Speaker 2: What have we got now? TV show? They've called it

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Speaker 2: it Welcome to Derry and it's at twenty seven years

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Speaker 2: before the first film.

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Speaker 12: I saw something.

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Speaker 7: No one's gonna believe me.

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Speaker 13: There's a history of stuff like this happening in Darry.

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Speaker 13: We need to figure out what it actually is.

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Speaker 6: Everything will be okay, hear me.

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Speaker 2: They went into my mind.

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Speaker 11: What exactly what we're looking for?

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Speaker 14: Something that was buried in Darry a long time ago.

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Speaker 2: No one who dies here ever really dies.

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Speaker 1: What's the matter?

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Speaker 12: See things.

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Speaker 2: Okay, so Bill scars Guard, who was in that thing

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Speaker 2: with Nicole Kidman and was quite good in that. I've

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Speaker 2: never seen you this nonsense. Of course he's returned. It's

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Speaker 2: on HBO Max as we speak. And you can go

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Speaker 2: do that by a neonal sky or VPN it or

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Speaker 2: I don't know, magic it up or ask your kids

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Speaker 2: how you get it on the cell phone. No he didn't,

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Speaker 2: is the answer to your question. What he didn't I

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Speaker 2: look that up yesterday. Funnily enough, the CGT and Hipkins,

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Speaker 2: he said at the time he was bringing an end

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Speaker 2: to it, and so he will argue that a new cycle,

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Speaker 2: new election, new mandate, you go to the people with

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Speaker 2: a new idea. What I didn't here yesterday out of

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Speaker 2: all the coverage, and we'll crunch a few numbers with

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Speaker 2: an economist in a moment, is why did nobody ask it?

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Speaker 2: Or maybe they didn't. I missed it, but I did

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Speaker 2: some looking. Is this a stalking horse? So the door

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Speaker 2: is open? Surely this is just the start. Did nobody

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Speaker 2: say to Hipkins, do you guarantee as long as you

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Speaker 2: are leader of the Labor Party, this is the policy.

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Speaker 2: There will be no adjustments, no change, no increases, No nothing.

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Speaker 2: Did no one ask that question? I would have thought

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Speaker 2: that was the most obvious question to ask. I might

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Speaker 2: ask our economist in a couple of moments. He won't

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Speaker 2: know the answer, but somebody needs to ask the question anyway.

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Speaker 1: News next, the newsmakers and the personalities, the big names

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Speaker 1: talk to make the mic asking breakfast with the defender

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Speaker 1: embraced the impossible. News talk said, be you look a.

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Speaker 2: Touching down and Jamaica literally as we speak, Richard Arnold

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Speaker 2: with more shortly twenty three to seven back Ye, labor

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Speaker 2: successfully got their day in the sun. Of course yesterday

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Speaker 2: for a policy idea of capital gains tax on your

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Speaker 2: business or investment house. A lot of questions came out

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Speaker 2: of the leaked announcement, not least of which was why

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Speaker 2: was it leaked? But as for the numbers? Ed McKnight

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Speaker 2: is the resident economist at OPE, his partners and is

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Speaker 2: with us, Ed Morning, great to be here. I as

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Speaker 2: you look at the numbers yesterday and their claims, would

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Speaker 2: you be confident that they're accurate? Or are we guessing?

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Speaker 15: Well, one hundred million dollars that are expecting trays in

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Speaker 15: the first year sounds pretty reasonable to me. They are

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Speaker 15: relying on probably a couple of percentage points worth of

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Speaker 15: capital growth in the first year, but it's based off

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Speaker 15: some pretty realistic numbers in terms of how many investors

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Speaker 15: might actually sell, which is about six to seven thousand

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Speaker 15: by my numbers.

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Speaker 2: I don't think it's your area, but stalking horse aspect

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Speaker 2: of it, is this the beginning of something bigger? Potentially

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Speaker 2: if you were writing the policy.

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Speaker 15: It could be. But what I would say is this

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Speaker 15: isn't a real capital gains tax because not everything's captured

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Speaker 15: by it. This is a real estate investor tax. Now, Mike,

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Speaker 15: I don't know I look like a football, but I

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Speaker 15: certainly feel like a political football at the moment being

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Speaker 15: kicked around between the two major parties exactly.

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Speaker 2: Now, this one, I mean everyone, the idea that everyone's

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Speaker 2: got one, and that was their line yesday. Oh lots

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Speaker 2: of people have got one. Is that a good enough

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Speaker 2: reason to implement a tax?

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Speaker 11: Well, not everybody's got an investment property.

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Speaker 15: We've got this idea that every man and his dog

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Speaker 15: is out there buying investment property, but only somewhere between

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Speaker 15: ten to fourteen percent of people own residential investment properties

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Speaker 15: in New Zealand. And it's come into this kind of

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Speaker 15: national psyche that everybody's doing it. But it's kind of

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Speaker 15: not the case.

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Speaker 2: No, indeed not. What I meant was that everyone internationally,

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Speaker 2: every country has a capital gains tax, therefore we may

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Speaker 2: as well have one as well.

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Speaker 15: I've got chen out. Yes, well, most countries do have

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Speaker 15: capital gains taxes. There are a couple of small exceptions,

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Speaker 15: like Singapore, the United Arab Emirates, Hong Kong and Macaw.

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Speaker 15: I always thought it wouldn't it have been nicer to be

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Speaker 15: like Switzerland, Singapore and the United Arab Emirates rather than

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Speaker 15: like everybody else, because those countries seem to have something right.

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Speaker 2: So that was our point of difference. Nichola Willis was

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Speaker 2: making that point yesterday. It's our point of difference with Australia.

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Speaker 2: She has a point.

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Speaker 15: Then you would argue, oh, I think there's something to

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Speaker 15: be said about it. The other thing that I'd say

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Speaker 15: about the capital gains taxes, We've always thought of it

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Speaker 15: as a bit of a house price killer, but I've

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Speaker 15: got some numbers that suggest that's not the case. Tell me, well,

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Speaker 15: Australia introduced a capital gains tax nineteen eighty five. Since en,

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Speaker 15: house prices have gone up and averages six point five

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Speaker 15: percent a year. The UK they brought one in nineteen

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Speaker 15: sixty five. Since then house price is up over eight

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Speaker 15: percent a year. Canada nineteen seventy two. Since then house

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Speaker 15: prices up six point seven percent a year. The USA

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Speaker 15: nineteen thirteen is when they introduced their capital gains tax,

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Speaker 15: and since nineteen seventy house price is out five point

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Speaker 15: four percent a year. So this idea that capral gains

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Speaker 15: Texas are going to kill capital gains and the housing

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Speaker 15: market just not the case.

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Speaker 2: Good insight. I'd appreciate it very much. Ed McKnight, who

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Speaker 2: is the resident economist at OPEZ. This morning, Mike Hopkins

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Speaker 2: proposal to meet a new demand on GPS. How are

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Speaker 2: they going to do that when everyone gets free visits?

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Speaker 2: It's a good question. And why are they giving free

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Speaker 2: visits to people who don't need them? Hopkins is going

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Speaker 2: for shock and or Mike to bring attention to the

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Speaker 2: party and the young revolutionaries bring them out of the

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Speaker 2: closet to vote. I'm not sure that's true. Tony Alexander

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Speaker 2: had some very interesting comments about all of this. More shortly,

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Speaker 2: it is twenty two.

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

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Speaker 1: by News Talk Zippi.

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Speaker 2: Now you hear me talk about the importance of performance

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Speaker 2: and results time and time again. You know my views

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Speaker 2: on getting results. We're into that well. According to the

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Speaker 2: latest independent data. This is from morning Star. You can

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Speaker 2: see this for yourself at Morningstar dot com dot au.

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Speaker 2: Milford que Saver funds their number one for performance over

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Speaker 2: the past ten years in the active, growth, balanced and

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Speaker 2: conservative categories. That's not a fluke. It's a decade of consistency,

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Speaker 2: expert team, active investment strategy response to the market. They've

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Speaker 2: also picked up a few awards along the way. They've

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Speaker 2: got Canstar's Qiwisaber Provider of the Year, plus awards on

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Speaker 2: outstanding Value, most satisfied Customers. And yes, they've won the

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Speaker 2: Consumer People's Choice Award eight years straight for goodness sake.

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Speaker 2: So if performance and customer satisfaction matter, and let's be honest,

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Speaker 2: they do, then Milford's worth a serious look. So changing

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Speaker 2: to Milford, by the way, super simple, just minutes online.

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Speaker 2: Go to Milford Asset dot com photo id IID number handy.

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Speaker 2: You're done. Past performance not a reliable indicator of future performance.

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Speaker 2: Milford Funds Limited is the issuer of the Milford Keywisaber

401
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Speaker 2: Plan and the Milford Investment Fund. So details at Milford

402
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Speaker 2: Asset dot com read the relevant Milford Product Disclosure statement

403
00:19:46,840 --> 00:19:49,720
Speaker 2: and to read their Financial Advice Provider Disclosure Statement. But

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00:19:49,760 --> 00:19:55,119
Speaker 2: get all the details at Milford pasking Mike, effect on rents?

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Speaker 2: Magic up more gpsre the GP thing's real? The effect

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Speaker 2: on rents?

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Speaker 11: Will?

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Speaker 2: It depends if you believe it. If you take away

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Speaker 2: the demand for housing, you take away the builds, and

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Speaker 2: the builds some of them become rental. So yes, the

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Speaker 2: price of a rent goes up. Mike, What happens of you?

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Speaker 2: And this is the most oft asked question yesterday? What

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Speaker 2: happens if you've got an eight hundred thousand dollars valuation

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Speaker 2: in July then yourself for seven hundred thousand dollars? Do

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Speaker 2: you get a credit? You don't get a credit. It's

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Speaker 2: the same tax treatment as you would have on a

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Speaker 2: rental property currently. So each year if you lose money,

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Speaker 2: there is a tax treatment on that. That tax treatment

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Speaker 2: wouldn't change, Mike, do you think that as Hipkins is

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Speaker 2: the first crack and having the first crack to introduce CGT.

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Speaker 2: This has now opened the door for national to follow

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Speaker 2: suit without committing political suicide.

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Speaker 16: No. Six forty five International correspondence with ends at Eye

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Speaker 16: Insurance Peace of mind for New Zealand business.

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Speaker 17: Richard, Are your morning, It's corunchtime? Makee good morning? Yeah,

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Speaker 17: striking by Yeah. The Hurricane Warning Center, based in Florida,

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Speaker 17: says Jamaica now is being pummeled by one of the

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Speaker 17: most intense Atlantic stores on record. This could be most

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Speaker 17: devastating hurricane ever to hit Jamaka. Can Hunter, one of

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Speaker 17: the Center's survey planes, flew into the eye of the storm.

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Speaker 17: They had to turn back because of the strength of

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Speaker 17: the turbulence that they encountered. This storm to pass the

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Speaker 17: peak intensity that we saw twenty years ago with Hurricane Katrina,

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Speaker 17: which decimated New Orleans, of course, killing thirteen hundred and

435
00:21:16,760 --> 00:21:19,680
Speaker 17: ninety two people. This storm has top wind strength of

436
00:21:19,720 --> 00:21:22,359
Speaker 17: around three hundred kilometers and now the Hurricane Center says

437
00:21:22,600 --> 00:21:25,600
Speaker 17: this will lead to quote total building failures and catastrophic

438
00:21:25,640 --> 00:21:28,760
Speaker 17: wind damage. The storm has moved in from the southern

439
00:21:28,800 --> 00:21:32,200
Speaker 17: coast of Jamaica's main island, but the stats are pretty astounding.

440
00:21:32,320 --> 00:21:35,040
Speaker 17: The prediction is for rain totals of around one thousand

441
00:21:35,040 --> 00:21:38,320
Speaker 17: millimeters so forty inches in the mountains, while a coastal

442
00:21:38,359 --> 00:21:41,919
Speaker 17: storm surge of up to four meters is expected that

443
00:21:42,000 --> 00:21:45,720
Speaker 17: would bring obviously devastating flooding. They've been evacuating folks from

444
00:21:45,720 --> 00:21:48,320
Speaker 17: the locally storm path and housing people in the strongest

445
00:21:48,320 --> 00:21:52,359
Speaker 17: shelters they can find, as Local Government Minister Desmond mackenzie

446
00:21:52,400 --> 00:21:53,879
Speaker 17: is saying, we have.

447
00:21:54,040 --> 00:21:58,359
Speaker 18: Provided shane sport right across the contratique versus all of

448
00:21:58,600 --> 00:22:02,639
Speaker 18: these areas, and we have also issued a Monday to

449
00:22:02,680 --> 00:22:06,119
Speaker 18: be blackish on order that allows us to you know,

450
00:22:06,240 --> 00:22:10,119
Speaker 18: to buoying and to assist persons in getting on well.

451
00:22:10,200 --> 00:22:13,359
Speaker 17: Jamaica's Prime Minister Andrew Holmet says he has been on

452
00:22:13,440 --> 00:22:16,880
Speaker 17: his knees in prayer. A lot of tourists also stranded,

453
00:22:16,880 --> 00:22:18,320
Speaker 17: and the storm pass is one.

454
00:22:19,359 --> 00:22:22,080
Speaker 5: We get through the wind and the rain and everybody

455
00:22:22,119 --> 00:22:24,040
Speaker 5: is saying that's all ass well.

456
00:22:24,080 --> 00:22:26,399
Speaker 17: Melissa is moving on shore to the west of the capital,

457
00:22:26,480 --> 00:22:29,359
Speaker 17: Kingston and not far from Treasure Beach and other tourist bons.

458
00:22:29,880 --> 00:22:32,280
Speaker 17: Another visitor says it is nerve wracking. You hear the

459
00:22:32,320 --> 00:22:34,840
Speaker 17: wind outside, and you hear the water outside, and you

460
00:22:34,880 --> 00:22:37,560
Speaker 17: think to yourself. What if what would I do if

461
00:22:37,680 --> 00:22:40,359
Speaker 17: I just heard a crack and my roof blew off?

462
00:22:41,600 --> 00:22:42,600
Speaker 2: Then we come to the shutdown.

463
00:22:42,600 --> 00:22:47,480
Speaker 17: Where are we at day twenty eight, counting on with

464
00:22:47,640 --> 00:22:51,200
Speaker 17: this lingering disaster. It's really starting to buy it. The

465
00:22:51,200 --> 00:22:54,200
Speaker 17: air traffic control has just missed their first paycheck. They've

466
00:22:54,240 --> 00:22:56,800
Speaker 17: actually set up food banks at some airport so the

467
00:22:56,840 --> 00:22:59,159
Speaker 17: air traffic controllers who were working with no pay can

468
00:22:59,240 --> 00:23:01,960
Speaker 17: take food home to their families. I mean, seriously. The

469
00:23:02,000 --> 00:23:06,800
Speaker 17: ATC union chief Nick Daniels says he is hearing many

470
00:23:06,800 --> 00:23:09,840
Speaker 17: concerning stories from controllers, like one fellow who's worried about

471
00:23:09,880 --> 00:23:11,960
Speaker 17: life saving meds for his daughter.

472
00:23:12,040 --> 00:23:14,120
Speaker 5: I got a message from a controller that said, I'm

473
00:23:14,160 --> 00:23:17,239
Speaker 5: running out of money and if she doesn't get the

474
00:23:17,240 --> 00:23:17,880
Speaker 5: medicine she.

475
00:23:17,880 --> 00:23:19,480
Speaker 4: Needs, she dies.

476
00:23:20,200 --> 00:23:21,040
Speaker 11: That's the end.

477
00:23:21,920 --> 00:23:23,720
Speaker 5: So I'm going to either have to quit this job

478
00:23:24,200 --> 00:23:27,000
Speaker 5: and take a different one instead of moving Americans, you know,

479
00:23:27,119 --> 00:23:30,040
Speaker 5: passengers through it or the cargo. Now, I'm going to

480
00:23:30,040 --> 00:23:32,200
Speaker 5: have to choose my family and my daughter.

481
00:23:32,680 --> 00:23:36,760
Speaker 17: Controller Pete Fever says of the situation that they're facing.

482
00:23:36,680 --> 00:23:37,360
Speaker 19: It's unfair.

483
00:23:38,080 --> 00:23:41,280
Speaker 20: We come to work, we're aviation safety professionals, we are

484
00:23:41,320 --> 00:23:44,199
Speaker 20: American workers. We are here to ensure that the flying

485
00:23:44,240 --> 00:23:45,200
Speaker 20: public is safe.

486
00:23:45,400 --> 00:23:48,920
Speaker 17: These are skilled controllers whoever see is safety, says one

487
00:23:49,160 --> 00:23:49,960
Speaker 17: traveler today.

488
00:23:50,119 --> 00:23:51,280
Speaker 21: We'd rather not think.

489
00:23:51,160 --> 00:23:52,920
Speaker 22: About it as we're about to get on our plate.

490
00:23:53,080 --> 00:23:53,800
Speaker 17: Don think about it.

491
00:23:53,880 --> 00:23:54,560
Speaker 1: Yeah, that'll help.

492
00:23:54,800 --> 00:23:57,200
Speaker 17: The polley is still are getting paid, but, says another

493
00:23:57,240 --> 00:23:59,440
Speaker 17: government work of getting no salary at all.

494
00:23:59,520 --> 00:24:05,080
Speaker 7: Right now, utilities call their due my car olders, do

495
00:24:05,440 --> 00:24:06,480
Speaker 7: my insurance is due?

496
00:24:06,960 --> 00:24:09,560
Speaker 17: Then this Sunday your time. Food money stops for forty

497
00:24:09,600 --> 00:24:12,680
Speaker 17: two million Americans who receive at least some food aid

498
00:24:12,720 --> 00:24:15,480
Speaker 17: to stave off hunger. Roughly one in eight people in

499
00:24:15,480 --> 00:24:18,120
Speaker 17: this country get food stamps, which average around one hundred

500
00:24:18,119 --> 00:24:20,320
Speaker 17: and eighty seven US dollars a month cost the federal

501
00:24:20,359 --> 00:24:22,879
Speaker 17: government about eight billion a month. Now, more than two

502
00:24:22,960 --> 00:24:25,800
Speaker 17: dozen states are suing the Trump administration to force them

503
00:24:25,840 --> 00:24:28,520
Speaker 17: to tap into emergency reserve money. They want to use

504
00:24:28,840 --> 00:24:31,639
Speaker 17: the six billion in reserves to keep the food money

505
00:24:31,680 --> 00:24:34,880
Speaker 17: going into November, but the Trump White House says no.

506
00:24:35,680 --> 00:24:38,600
Speaker 17: They already diverted billions to pay for border agents while

507
00:24:38,640 --> 00:24:41,399
Speaker 17: seeking to fire thousands of other laid of federal workers.

508
00:24:41,400 --> 00:24:44,919
Speaker 17: Both parties are holding strategy meetings today with the Republicans

509
00:24:44,920 --> 00:24:47,840
Speaker 17: saying that Democrats are responsible for the shutdown, while Democratic

510
00:24:47,920 --> 00:24:50,879
Speaker 17: leader in the Senate Chuck Schumer says that Trump should

511
00:24:50,880 --> 00:24:54,080
Speaker 17: stop focusing on foreign troops, ballrooms, and bailouts for Argentina.

512
00:24:54,200 --> 00:24:57,520
Speaker 17: Not a side budging, but this hopefully just cannot go

513
00:24:57,600 --> 00:24:57,960
Speaker 17: on much.

514
00:24:59,080 --> 00:25:01,720
Speaker 2: Ketchups in Richard I stateside. Just the other thing out

515
00:25:01,720 --> 00:25:05,080
Speaker 2: of America, the NBA's announced National Basketball Association they're reviewing

516
00:25:05,119 --> 00:25:07,880
Speaker 2: their betting related issues to protect the integrity of the game.

517
00:25:07,920 --> 00:25:10,639
Speaker 2: Not surprisingly, so they're going to put a focus on

518
00:25:10,680 --> 00:25:13,800
Speaker 2: what they call proposition bets, so that's where you sort

519
00:25:13,800 --> 00:25:17,320
Speaker 2: of gamble or wager on statistical performance of any given player.

520
00:25:17,520 --> 00:25:19,680
Speaker 2: I don't know how to get around that. They're also

521
00:25:19,720 --> 00:25:24,480
Speaker 2: going to review how injuries are reported publicly, ways to

522
00:25:24,520 --> 00:25:26,919
Speaker 2: improve the use of artificial intelligence and other tools to

523
00:25:26,920 --> 00:25:29,480
Speaker 2: identify betting patterns that suggest gamblers have got access to

524
00:25:29,480 --> 00:25:32,040
Speaker 2: inside information about players and teams. So they're in a

525
00:25:32,080 --> 00:25:34,800
Speaker 2: world of pain over this. So anyway, we'll see where

526
00:25:34,800 --> 00:25:35,440
Speaker 2: the review goes.

527
00:25:35,480 --> 00:25:39,639
Speaker 1: Ten to seven the make Hosking Breakfast with Bailey's Real

528
00:25:39,760 --> 00:25:40,720
Speaker 1: Estate News togs.

529
00:25:40,720 --> 00:25:42,639
Speaker 2: There'd be do a lot of reading of late on jobs.

530
00:25:42,680 --> 00:25:44,679
Speaker 2: Jobs are becoming a thing, and the robots have arrived.

531
00:25:45,040 --> 00:25:48,320
Speaker 2: So Meta are laying off an undisclosed number of employees

532
00:25:48,359 --> 00:25:51,879
Speaker 2: at what they call their risk organization. They did have

533
00:25:52,000 --> 00:25:53,959
Speaker 2: people do that, they're now going to get AI to

534
00:25:54,000 --> 00:25:57,080
Speaker 2: do it. As of yesterday, Amazon, it was reported, were

535
00:25:57,119 --> 00:26:00,000
Speaker 2: going to lay off as many as thirty thousand. Good news,

536
00:26:00,119 --> 00:26:04,040
Speaker 2: it's only turned out to be fourteen thousand. Microsoft have

537
00:26:04,080 --> 00:26:06,879
Speaker 2: already laid off fifteen thousand so far this year, Meta

538
00:26:07,359 --> 00:26:10,959
Speaker 2: six hundred, Google more than one hundred in their design

539
00:26:11,000 --> 00:26:15,720
Speaker 2: related roles, Sales Force four thousand, Intel twenty two thousand.

540
00:26:17,480 --> 00:26:21,320
Speaker 2: Close to twelve hundred tech companies since twenty three have

541
00:26:21,440 --> 00:26:24,520
Speaker 2: laid off over two hundred and sixty thousand people because

542
00:26:24,520 --> 00:26:28,480
Speaker 2: of AI or robots. Amazon have got a thing called

543
00:26:28,520 --> 00:26:31,920
Speaker 2: blue Jay. Now this is their new robotic system and

544
00:26:31,960 --> 00:26:35,120
Speaker 2: their warehouses and it's they're testing it in South Carolina

545
00:26:35,160 --> 00:26:37,880
Speaker 2: as we speak. The difference with blue Jay and any

546
00:26:37,920 --> 00:26:40,440
Speaker 2: other robot is blue Jay does four things at once.

547
00:26:41,119 --> 00:26:43,679
Speaker 2: So once a robot would just like sort or a

548
00:26:44,040 --> 00:26:48,560
Speaker 2: robot would pack, blue Jay does everything. And so at

549
00:26:48,560 --> 00:26:50,640
Speaker 2: that point they turn around to their people and they go,

550
00:26:51,200 --> 00:26:55,320
Speaker 2: sorry about that, no longer needed. Target eighteen hundred corporate

551
00:26:55,400 --> 00:26:58,560
Speaker 2: jobs have gone Check. Now you won't necessarily have heard

552
00:26:58,560 --> 00:27:02,320
Speaker 2: of check, but Check's interesting. Check BIG's an educational facilitator.

553
00:27:02,880 --> 00:27:05,360
Speaker 2: And what you normally do is you might google. You know,

554
00:27:05,560 --> 00:27:07,399
Speaker 2: whats a maths equation that I could put to my

555
00:27:07,440 --> 00:27:09,600
Speaker 2: five year old that might get fed to check check

556
00:27:09,640 --> 00:27:12,399
Speaker 2: feedstep back, because no one googles anymore because of AI.

557
00:27:13,600 --> 00:27:16,880
Speaker 2: Their capex has gone from fourteen point seven billion down

558
00:27:16,880 --> 00:27:19,560
Speaker 2: to one hundred and fifty six million. Their share price

559
00:27:19,640 --> 00:27:22,320
Speaker 2: is tanked ninety nine percent so far this year, so

560
00:27:22,560 --> 00:27:24,640
Speaker 2: that's once again the effect of AI, and they're laying

561
00:27:24,640 --> 00:27:27,600
Speaker 2: off people like this No Tomorrow five away from seven.

562
00:27:28,400 --> 00:27:31,639
Speaker 1: For the ins and the ouse. It's the fiz with

563
00:27:31,920 --> 00:27:35,359
Speaker 1: business tiber take your business productivity to the next level.

564
00:27:35,400 --> 00:27:37,280
Speaker 2: As good a bit of sport as I've ever seen

565
00:27:37,359 --> 00:27:39,240
Speaker 2: last night, and I lucked in because I happened to

566
00:27:39,240 --> 00:27:40,560
Speaker 2: go back to it. I was watching a bit of it.

567
00:27:40,600 --> 00:27:42,320
Speaker 2: Then it kept going and I thought, oh my god,

568
00:27:42,320 --> 00:27:43,919
Speaker 2: it's still going. I can't believe that this was the

569
00:27:43,920 --> 00:27:46,800
Speaker 2: baseball Game three World Series Blue Jays Dodgers in Los

570
00:27:46,840 --> 00:27:50,159
Speaker 2: Angeles said all kinds of records. Eighteen innings, time for

571
00:27:50,200 --> 00:27:52,800
Speaker 2: the longest in history, six hundred and nine pitchers, forty

572
00:27:52,840 --> 00:27:55,680
Speaker 2: eight more than any other postseason game ever, six hours,

573
00:27:55,720 --> 00:28:00,440
Speaker 2: thirty nine minutes long. The game so Dodger Stadium. They're

574
00:28:00,560 --> 00:28:02,280
Speaker 2: taking a bit of flat this morning because the cost

575
00:28:02,280 --> 00:28:05,239
Speaker 2: of staying there for so long is a fortune. A

576
00:28:05,240 --> 00:28:08,040
Speaker 2: beer thirty four to fifty. It's a lot of beer.

577
00:28:08,040 --> 00:28:11,000
Speaker 2: You get two big beer two equivalent cans, but thirty

578
00:28:11,000 --> 00:28:15,480
Speaker 2: four to fifty. Parking your car. Small car one hundred

579
00:28:15,520 --> 00:28:18,600
Speaker 2: and thirty eight dollars, big car two hundred and sixty bucks.

580
00:28:19,720 --> 00:28:21,800
Speaker 2: Fourteen hundred dollars just to beat the game, By the way,

581
00:28:21,840 --> 00:28:23,880
Speaker 2: on average, you can pay more if you want. Hot

582
00:28:23,880 --> 00:28:28,639
Speaker 2: dog thirteen eighty. Arizona Diamondback sell their dogs at five sixty.

583
00:28:28,680 --> 00:28:30,760
Speaker 2: Mind you, the Arizona Diamondbacks aren't the World Series?

584
00:28:30,760 --> 00:28:31,000
Speaker 10: Are there?

585
00:28:31,560 --> 00:28:36,159
Speaker 2: So there? Sixteen inch dog and a pound of chips

586
00:28:36,200 --> 00:28:40,320
Speaker 2: seventy dollars. Four new menu items for games three through

587
00:28:40,360 --> 00:28:44,400
Speaker 2: five at Dodgers Surf and Turf. They're loaded nachoes, you

588
00:28:44,400 --> 00:28:46,720
Speaker 2: get lobs to steak scaions on want on chips for

589
00:28:46,760 --> 00:28:51,560
Speaker 2: seventy nine you got a cocina people bone marrow, taco,

590
00:28:52,320 --> 00:28:54,640
Speaker 2: fraysed pork served on top of bone marrow seventy one

591
00:28:54,720 --> 00:28:58,760
Speaker 2: dollars sounds disgusting. Big ice cream Sunday on top of

592
00:28:58,800 --> 00:29:02,840
Speaker 2: Achiro fifty six. And the big ticket item this is

593
00:29:02,840 --> 00:29:04,200
Speaker 2: the one that if you go on the socials you

594
00:29:04,240 --> 00:29:07,360
Speaker 2: can see them, you know, in innings eighteen chowing down

595
00:29:07,360 --> 00:29:10,920
Speaker 2: on it's full tomahawk with potatoes and chim churri. Two

596
00:29:11,000 --> 00:29:13,400
Speaker 2: hundred and sixty. So that's quite a day out. So

597
00:29:13,440 --> 00:29:15,520
Speaker 2: you pay fourteen hundred for your ticket, two hundred sixty

598
00:29:15,520 --> 00:29:17,520
Speaker 2: because you well, if you can afford your fourteen hundred,

599
00:29:17,520 --> 00:29:18,880
Speaker 2: you got a big car, haven't You got a left

600
00:29:18,880 --> 00:29:21,200
Speaker 2: one fifty? So you paid two sixty for your park

601
00:29:21,240 --> 00:29:23,440
Speaker 2: and you're chowing down on your tomahawk. You paid well

602
00:29:23,520 --> 00:29:25,480
Speaker 2: well in excess of two thousand dollars just for a

603
00:29:25,520 --> 00:29:26,080
Speaker 2: single game.

604
00:29:26,440 --> 00:29:28,520
Speaker 14: I've forgotten what the game actually was. Now, what's what

605
00:29:28,600 --> 00:29:29,280
Speaker 14: are we talking about?

606
00:29:29,320 --> 00:29:32,360
Speaker 2: If you look it up, it's probably not as exciting

607
00:29:32,400 --> 00:29:35,000
Speaker 2: as it was watching it live, But as it unfolded,

608
00:29:35,680 --> 00:29:38,200
Speaker 2: it really was as good as sport gets. And the

609
00:29:38,240 --> 00:29:41,800
Speaker 2: brilliant thing about baseball it never ends until it ends.

610
00:29:42,400 --> 00:29:45,160
Speaker 2: And I kind of like that. I decided yesterday you

611
00:29:45,240 --> 00:29:46,680
Speaker 2: use it a couple of moments, then we'll get to

612
00:29:46,680 --> 00:29:50,360
Speaker 2: the business of education. The draft curriculum in full is out.

613
00:29:51,520 --> 00:29:55,240
Speaker 1: Credible, compelling. The breakfast show you can't miss. It's the

614
00:29:55,400 --> 00:29:59,320
Speaker 1: Mic Hosking Breakfast with Bailey's real Estate finding the buyers

615
00:29:59,440 --> 00:30:00,320
Speaker 1: others can't use.

616
00:30:00,360 --> 00:30:03,440
Speaker 2: Togs v Morning seven past seven to Education, where we

617
00:30:03,480 --> 00:30:05,480
Speaker 2: have the longer way to draft curriculum for years one

618
00:30:05,520 --> 00:30:08,040
Speaker 2: through ten this morning. Key changes include broading out social

619
00:30:08,120 --> 00:30:10,800
Speaker 2: sciences and New Zealand history, along with introducing civics and

620
00:30:10,880 --> 00:30:14,200
Speaker 2: financial education. Erica Stamford is the Education Minister and is

621
00:30:14,200 --> 00:30:16,080
Speaker 2: with us out of Australia. As it turns out, morning,

622
00:30:16,800 --> 00:30:19,720
Speaker 2: good morning. It seems correct me if I'm wrong, less

623
00:30:19,720 --> 00:30:23,080
Speaker 2: controversial than some of your higher school decisions and subjects

624
00:30:23,080 --> 00:30:25,320
Speaker 2: in the battle you've got going there? Is that fair?

625
00:30:27,000 --> 00:30:29,320
Speaker 13: No, it's not controversial at all. I mean what we

626
00:30:29,400 --> 00:30:32,640
Speaker 13: have is a knowledge rich curriculum. It's been a few

627
00:30:32,720 --> 00:30:35,560
Speaker 13: years in the making. It's carefully sequenced. It lays out

628
00:30:35,600 --> 00:30:38,720
Speaker 13: what students have to know and what they need to

629
00:30:38,760 --> 00:30:42,120
Speaker 13: be able to do, and it's consistent so that every child,

630
00:30:42,200 --> 00:30:43,880
Speaker 13: no matter where they go to school, they get access

631
00:30:43,920 --> 00:30:47,640
Speaker 13: to quality learning. And it's exciting and engaging. It's a

632
00:30:47,640 --> 00:30:48,720
Speaker 13: really exciting day.

633
00:30:48,720 --> 00:30:52,040
Speaker 2: In terms of results. What do you expect and when?

634
00:30:53,680 --> 00:30:57,719
Speaker 13: But we know that knowledge builds on knowledge builds on knowledge,

635
00:30:57,760 --> 00:31:00,719
Speaker 13: So we have to be teaching children so that they

636
00:31:00,760 --> 00:31:03,960
Speaker 13: can then work towards those higher order skills that businesses

637
00:31:04,000 --> 00:31:07,640
Speaker 13: and universities and everybody likes critical thinking and problem solving,

638
00:31:07,680 --> 00:31:11,120
Speaker 13: and so what we expect to see, especially for the

639
00:31:11,160 --> 00:31:14,600
Speaker 13: most disadvantaged kids who come to school without lots of

640
00:31:14,720 --> 00:31:17,800
Speaker 13: prior knowledge, that we will see a closing of the

641
00:31:17,840 --> 00:31:20,880
Speaker 13: equity gap. It's like beltcrow, knowledge sticks to knowledge. So

642
00:31:21,400 --> 00:31:24,040
Speaker 13: now that we have this consistent curriculum, no matter where

643
00:31:24,040 --> 00:31:26,600
Speaker 13: you go to school, no matter what family you are from,

644
00:31:27,320 --> 00:31:29,800
Speaker 13: you will get the knowledge that you need to be

645
00:31:29,800 --> 00:31:30,960
Speaker 13: able to be successful in life.

646
00:31:32,000 --> 00:31:34,240
Speaker 2: Think good results. Sure, is any part of this about

647
00:31:34,240 --> 00:31:36,800
Speaker 2: actually getting kids to turn up? Does a curriculum do that?

648
00:31:36,920 --> 00:31:38,080
Speaker 2: Or is that a whole different matter.

649
00:31:39,560 --> 00:31:41,640
Speaker 13: Look, I think it will be in a way, and

650
00:31:41,680 --> 00:31:45,200
Speaker 13: that is because children will start to experience success, they'll

651
00:31:45,240 --> 00:31:48,120
Speaker 13: feel good about themselves, and it's an exciting, engaging curriculum.

652
00:31:48,120 --> 00:31:50,760
Speaker 13: But actually it's the incredible teachers that bring it to

653
00:31:50,840 --> 00:31:53,840
Speaker 13: life with their professionalism and judgment to know how to

654
00:31:53,840 --> 00:31:55,560
Speaker 13: engage the children in front of them, and that will

655
00:31:55,560 --> 00:31:59,200
Speaker 13: continue to happen. But what this will do is it

656
00:31:59,200 --> 00:32:01,440
Speaker 13: no matter where you go to school, you will be

657
00:32:01,560 --> 00:32:04,560
Speaker 13: learning the same thing and have access to the same knowledge.

658
00:32:04,560 --> 00:32:07,000
Speaker 13: So if you're a transient child, for example, and you

659
00:32:07,120 --> 00:32:11,320
Speaker 13: change schools, you'll be learning the same thing. So it

660
00:32:11,400 --> 00:32:14,400
Speaker 13: will mean that it's less likely that you will disengage

661
00:32:15,120 --> 00:32:18,160
Speaker 13: you from your learning. But it'll also mean that kids

662
00:32:18,160 --> 00:32:20,880
Speaker 13: are building up knowledge and feeling good about themselves, and

663
00:32:20,960 --> 00:32:23,360
Speaker 13: so when you feel good about yourself, you're more likely

664
00:32:23,400 --> 00:32:26,560
Speaker 13: to turn up to school. So it's a great curriculum.

665
00:32:26,760 --> 00:32:29,800
Speaker 2: The rephasing of the implementation, did you buy it off

666
00:32:29,840 --> 00:32:30,640
Speaker 2: more than you could chew?

667
00:32:31,880 --> 00:32:35,000
Speaker 13: No? Well, if you think about what we inherited, the

668
00:32:35,080 --> 00:32:37,720
Speaker 13: whole curriculum was supposed to land in twenty twenty seven,

669
00:32:37,800 --> 00:32:41,160
Speaker 13: the whole thing, the whole every single area. We've introduced

670
00:32:41,200 --> 00:32:44,920
Speaker 13: Maths and English to start with, and they have been

671
00:32:44,960 --> 00:32:47,280
Speaker 13: introduced this year and they'll just be required next year.

672
00:32:47,320 --> 00:32:47,640
Speaker 21: That's it.

673
00:32:48,160 --> 00:32:50,560
Speaker 13: Then there's three more areas the next year, and then

674
00:32:50,600 --> 00:32:53,960
Speaker 13: we've now phased out another three a year after that,

675
00:32:54,080 --> 00:32:56,560
Speaker 13: so we've actually carefully phased it over a much longer

676
00:32:56,600 --> 00:33:00,200
Speaker 13: period than was originally intended to give teachers time time

677
00:33:00,320 --> 00:33:03,080
Speaker 13: to learn the new curriculum, get the professional learning and development,

678
00:33:03,200 --> 00:33:05,640
Speaker 13: understand the new resources, and teach it to our kids.

679
00:33:05,840 --> 00:33:08,239
Speaker 2: Not that I'm against civics, because I'm not. But one

680
00:33:08,280 --> 00:33:10,120
Speaker 2: of the great arguments around civics is you've got to

681
00:33:10,200 --> 00:33:12,080
Speaker 2: know how the system works and understand it so you

682
00:33:12,120 --> 00:33:14,800
Speaker 2: can participate. They do, of course, and have done for decades.

683
00:33:14,920 --> 00:33:17,240
Speaker 2: Do that in America and half of America doesn't turn up.

684
00:33:17,280 --> 00:33:18,600
Speaker 2: So what's the point of civics.

685
00:33:19,680 --> 00:33:21,280
Speaker 13: Well, I think we can be a bit more ambitious

686
00:33:21,320 --> 00:33:24,840
Speaker 13: for our kids. It's long We've long called for teaching

687
00:33:25,200 --> 00:33:28,880
Speaker 13: kids about societies and how they were formed, and what

688
00:33:29,200 --> 00:33:32,000
Speaker 13: democracy is and what it was like in other countries,

689
00:33:32,000 --> 00:33:34,840
Speaker 13: and is there democracy in every other country? And now

690
00:33:34,880 --> 00:33:37,600
Speaker 13: what is a voting system like? We have a relatively

691
00:33:37,920 --> 00:33:42,240
Speaker 13: complicated voting system. Many people still don't understand MMP. So

692
00:33:42,600 --> 00:33:44,560
Speaker 13: teaching our kids about it is really important. Will it

693
00:33:44,640 --> 00:33:47,360
Speaker 13: lead to higher voting I hope so. But I guess

694
00:33:47,440 --> 00:33:48,640
Speaker 13: we'll see.

695
00:33:48,920 --> 00:33:52,000
Speaker 2: Line from Act and the indoctrination and history is over.

696
00:33:52,080 --> 00:33:53,520
Speaker 2: Did you see it as indoctrination?

697
00:33:55,240 --> 00:33:55,480
Speaker 11: Oh?

698
00:33:55,520 --> 00:33:59,000
Speaker 13: Look what I wanted to see in this curriculum the

699
00:33:59,040 --> 00:34:02,800
Speaker 13: social science is correct, was not just New Zealand history,

700
00:34:02,800 --> 00:34:05,120
Speaker 13: and that's what we've had, just a huge amount of

701
00:34:05,120 --> 00:34:08,239
Speaker 13: content on local New Zealand history. What we wanted to

702
00:34:08,239 --> 00:34:12,080
Speaker 13: see in terms of balance was New Zealand history, our

703
00:34:12,120 --> 00:34:14,560
Speaker 13: place in the world, world history, what are the great

704
00:34:14,600 --> 00:34:17,640
Speaker 13: events of the world that shaped the world that we

705
00:34:17,719 --> 00:34:21,759
Speaker 13: live in, as well as geography, civics and society and

706
00:34:21,880 --> 00:34:24,520
Speaker 13: financial literacy, which are all in there now. So it's

707
00:34:24,520 --> 00:34:28,000
Speaker 13: a much broader curriculum because Aero told us last year

708
00:34:28,040 --> 00:34:32,320
Speaker 13: that kids enjoy history more when they are learning about

709
00:34:33,520 --> 00:34:36,240
Speaker 13: far away places and overseas events and how we connected.

710
00:34:36,320 --> 00:34:38,520
Speaker 13: So you're now going to learn about the Stone Age

711
00:34:38,560 --> 00:34:41,600
Speaker 13: and the Romans and the Greeks and the Egyptians and

712
00:34:41,680 --> 00:34:45,640
Speaker 13: kings and queens and revolutions. It's really exciting.

713
00:34:47,080 --> 00:34:50,440
Speaker 2: What's your rule of thumb when you've arrived with no

714
00:34:50,600 --> 00:34:54,200
Speaker 2: bags before you go shopping? How long with no luggage

715
00:34:54,200 --> 00:34:54,880
Speaker 2: before you shop?

716
00:34:56,080 --> 00:34:58,600
Speaker 13: Actually, when we turned up last night in Sydney, we

717
00:34:58,640 --> 00:35:00,560
Speaker 13: went straight to a night and day the corner and

718
00:35:00,560 --> 00:35:03,319
Speaker 13: I have really you can imagine the quality of my

719
00:35:03,480 --> 00:35:10,600
Speaker 13: moisturizer tona deodorant. So yeah, there's a more luckily across

720
00:35:10,600 --> 00:35:12,839
Speaker 13: the roads. We're going to hit there being on nine

721
00:35:12,840 --> 00:35:14,640
Speaker 13: and try and tidy ourselves up.

722
00:35:14,840 --> 00:35:17,919
Speaker 2: Good go, Well, appreciate that. Education Minister Erica Stamford, who's

723
00:35:17,960 --> 00:35:19,879
Speaker 2: up in the early hours of a Sydney morning forest

724
00:35:19,920 --> 00:35:22,359
Speaker 2: telve minutes past seven, oscar and the way you asked

725
00:35:22,400 --> 00:35:24,640
Speaker 2: this is zerrach abb children. Yes she does, Mike. It

726
00:35:24,680 --> 00:35:27,520
Speaker 2: pisses me off when Hipkins constantly calls out successful people

727
00:35:27,520 --> 00:35:29,759
Speaker 2: to pay their fair share. Eighty percent of the tax

728
00:35:29,800 --> 00:35:32,000
Speaker 2: takers paid by the top ten percent of earners. That's

729
00:35:32,040 --> 00:35:35,320
Speaker 2: an age old equation and that is left wing politics.

730
00:35:35,360 --> 00:35:37,640
Speaker 2: That's what they do. It's about redistribution. It's not about

731
00:35:37,680 --> 00:35:40,760
Speaker 2: growth or success. It's about taking something from one person

732
00:35:40,880 --> 00:35:43,000
Speaker 2: giving it to somebody else. Mike, I'm a hard working builder,

733
00:35:43,320 --> 00:35:45,359
Speaker 2: but at forty years made the decision not to go

734
00:35:45,400 --> 00:35:47,600
Speaker 2: with Kii Saber and invest in the property market instead.

735
00:35:47,640 --> 00:35:51,120
Speaker 2: This is my retirement. Why am I being so unfairly targeted?

736
00:35:51,160 --> 00:35:55,520
Speaker 2: Craig playing Devil's advocate, you're not because if you'd gone

737
00:35:55,560 --> 00:35:58,640
Speaker 2: to Kye Saber, your savings would be taxed. The argument

738
00:35:58,640 --> 00:36:01,359
Speaker 2: around CGT is, of course You're housing is not taxed, Michah,

739
00:36:01,440 --> 00:36:04,400
Speaker 2: the company owns a commercial property. Very good question this, Mike.

740
00:36:04,440 --> 00:36:06,799
Speaker 2: If a company owns a commercial property as one of

741
00:36:06,840 --> 00:36:10,040
Speaker 2: its assets, and if it sells its shares, then will

742
00:36:10,080 --> 00:36:14,120
Speaker 2: the CGT apply? Is there a CGT on shares? No,

743
00:36:14,280 --> 00:36:17,120
Speaker 2: not on shares, but your connection to the company is interesting.

744
00:36:17,719 --> 00:36:21,040
Speaker 2: My follow up question would be if you own your

745
00:36:21,080 --> 00:36:25,120
Speaker 2: houses within a company structure, which would not be uncommon,

746
00:36:26,680 --> 00:36:29,080
Speaker 2: is that attracting a CGT as well? And I don't

747
00:36:29,120 --> 00:36:31,080
Speaker 2: think at this point the labor party can answer that.

748
00:36:31,080 --> 00:36:35,880
Speaker 1: Thirteen past the Mike asking Breakfast Full Show podcast on

749
00:36:36,040 --> 00:36:38,400
Speaker 1: iHeartRadio powered by News Talks at b.

750
00:36:39,400 --> 00:36:41,920
Speaker 2: Peter Becker's celebrating twenty years of Rocket Lab at the moment,

751
00:36:42,000 --> 00:36:43,960
Speaker 2: so we'll talk to him after seven thirty sixteen past

752
00:36:44,000 --> 00:36:46,920
Speaker 2: seven Building anks around ACC, they've gone and taken a

753
00:36:47,000 --> 00:36:50,360
Speaker 2: number of long term recipients off ACC. Nearly eight thousand

754
00:36:50,360 --> 00:36:52,440
Speaker 2: of them have been cut off. This is in the

755
00:36:52,520 --> 00:36:54,200
Speaker 2: year to June, which is up twenty percent on the

756
00:36:54,239 --> 00:36:56,120
Speaker 2: previous year, so obviously a lot of people are asking

757
00:36:56,160 --> 00:36:58,359
Speaker 2: what that's going on. Megan Maine is the ACC chief

758
00:36:58,400 --> 00:37:00,680
Speaker 2: executive and she's will this Megan brig morning to you.

759
00:37:01,840 --> 00:37:02,560
Speaker 19: Good morning Mike.

760
00:37:03,000 --> 00:37:05,640
Speaker 2: Now twenty percent. It's a thing, isn't it. I mean

761
00:37:05,800 --> 00:37:07,680
Speaker 2: anyone looking at a number like that will go hang on,

762
00:37:07,760 --> 00:37:09,799
Speaker 2: something material has happened. What is it?

763
00:37:11,400 --> 00:37:14,440
Speaker 19: Yes, So Mike, I want people to know first up

764
00:37:14,520 --> 00:37:17,719
Speaker 19: that this isn't about taking support away from people who

765
00:37:17,800 --> 00:37:21,360
Speaker 19: need it from ACC And to put that eight thousand

766
00:37:21,480 --> 00:37:24,719
Speaker 19: in context, as of today, we've got almost twenty five

767
00:37:24,920 --> 00:37:29,880
Speaker 19: thousand a SC clients who've been receiving weekly compensation for

768
00:37:30,000 --> 00:37:34,040
Speaker 19: over a year. That includes both serious and non serious injuries.

769
00:37:34,080 --> 00:37:37,120
Speaker 19: So with serious injuries, these are our clients who will

770
00:37:37,160 --> 00:37:39,920
Speaker 19: need support from us for a long time, even their

771
00:37:39,960 --> 00:37:42,439
Speaker 19: whole life, and we will always be here for them.

772
00:37:43,200 --> 00:37:46,839
Speaker 19: These less serious injuries, though, things like strains and strains,

773
00:37:46,960 --> 00:37:49,479
Speaker 19: what we've seen over the last decade is a big

774
00:37:49,520 --> 00:37:52,760
Speaker 19: increase and the number of them who've still been receiving

775
00:37:52,800 --> 00:37:56,080
Speaker 19: weekly compensation a year or more after the injuries. But

776
00:37:56,200 --> 00:37:58,160
Speaker 19: there are a range of reasons for this. That the

777
00:37:58,200 --> 00:38:01,600
Speaker 19: thing most in our control is our case management approach,

778
00:38:02,360 --> 00:38:04,960
Speaker 19: and I've spoken before about the changes we made back

779
00:38:04,960 --> 00:38:07,399
Speaker 19: in about twenty nineteen that meant a lot of these

780
00:38:07,480 --> 00:38:11,200
Speaker 19: less serious injury clients no longer had their own dedicated

781
00:38:11,239 --> 00:38:14,880
Speaker 19: case manager, so this contributed to more of them staying

782
00:38:14,960 --> 00:38:19,279
Speaker 19: on weekly compensation longer than you'd say is ideal. How

783
00:38:19,440 --> 00:38:20,200
Speaker 19: the two years ago?

784
00:38:20,600 --> 00:38:22,960
Speaker 2: How rigid are you when you come to a person

785
00:38:23,000 --> 00:38:26,279
Speaker 2: who's got a strain when you look at their work.

786
00:38:26,320 --> 00:38:28,520
Speaker 2: Do they have to stay within the work they were

787
00:38:28,560 --> 00:38:31,680
Speaker 2: doing or do you talk about things like changing careers,

788
00:38:31,760 --> 00:38:35,440
Speaker 2: changing training, moving town or is that not within your auspices.

789
00:38:36,680 --> 00:38:38,520
Speaker 19: Yeah, that's a good question. And you know, this is

790
00:38:38,800 --> 00:38:42,040
Speaker 19: the importance of our one to one case management support,

791
00:38:42,440 --> 00:38:44,600
Speaker 19: so we can give people the right support at the

792
00:38:44,680 --> 00:38:47,640
Speaker 19: right time. And what we're looking to do is ideally

793
00:38:47,680 --> 00:38:51,120
Speaker 19: help them get back to their job if they don't

794
00:38:51,160 --> 00:38:53,920
Speaker 19: still have their job, get back to a level of

795
00:38:54,000 --> 00:38:57,839
Speaker 19: work that they can manage, or in some cases get

796
00:38:57,880 --> 00:39:01,480
Speaker 19: back to independence, you know, really get to living their life.

797
00:39:01,960 --> 00:39:05,160
Speaker 19: There's really strong evidence that if you can, then getting

798
00:39:05,239 --> 00:39:08,480
Speaker 19: back to or staying engaged in work has a really

799
00:39:08,520 --> 00:39:12,280
Speaker 19: positive impact not just on your recovery, but your mental health.

800
00:39:12,600 --> 00:39:14,400
Speaker 2: Do you need to convince them of that? I noticed

801
00:39:14,400 --> 00:39:17,439
Speaker 2: in Britain over the weekend one of the ministers there said,

802
00:39:17,520 --> 00:39:20,040
Speaker 2: what we need people to do because they've got a

803
00:39:20,080 --> 00:39:22,719
Speaker 2: massive sickness problem. Like we do in this country, is

804
00:39:22,760 --> 00:39:26,080
Speaker 2: we need to convince people of the value of work

805
00:39:26,640 --> 00:39:29,239
Speaker 2: so that not working doesn't become a mindset. Is there

806
00:39:29,280 --> 00:39:29,879
Speaker 2: something in that?

807
00:39:31,280 --> 00:39:33,560
Speaker 19: Look, you know, we get too manion claims a year.

808
00:39:33,640 --> 00:39:37,000
Speaker 19: They're not all weekly compensation. But the vast majority of

809
00:39:37,120 --> 00:39:39,560
Speaker 19: people want to do the right things. They want to

810
00:39:39,600 --> 00:39:42,240
Speaker 19: get better, they want to get back to living their life.

811
00:39:43,040 --> 00:39:46,399
Speaker 19: We can do our path. We've invested in more case

812
00:39:46,480 --> 00:39:50,040
Speaker 19: management by reinvesting savings from other parts of the business.

813
00:39:50,440 --> 00:39:54,800
Speaker 19: We've also invested in more fraud abuse detection. But we

814
00:39:55,320 --> 00:39:58,120
Speaker 19: do need every New Zealand at playing their part, you know,

815
00:39:58,239 --> 00:40:01,880
Speaker 19: doing the right thing, being active in their recovery, working

816
00:40:01,920 --> 00:40:05,600
Speaker 19: with us, and you know, and also taking care so

817
00:40:05,640 --> 00:40:07,520
Speaker 19: that they don't get injured in the first time.

818
00:40:07,640 --> 00:40:09,520
Speaker 2: Exactly. All right, nice to talk to you, Megan Meghan Main,

819
00:40:09,520 --> 00:40:12,799
Speaker 2: who's the ACC chief executive. Two million claims a year?

820
00:40:13,000 --> 00:40:15,160
Speaker 2: Goodness say, I mean if there were three hundred million

821
00:40:15,200 --> 00:40:17,839
Speaker 2: of us, fine, but there isn't. Mike, my son flew

822
00:40:17,880 --> 00:40:21,040
Speaker 2: to La Saturday. Can you believe this story? This is brilliant.

823
00:40:21,320 --> 00:40:23,879
Speaker 2: My son flew to La Saturday to watch Games three

824
00:40:23,880 --> 00:40:27,080
Speaker 2: and four of the World Series. Couldn't believe his luck

825
00:40:27,560 --> 00:40:30,799
Speaker 2: to watch Last Night. I mean that's worth he needs

826
00:40:30,800 --> 00:40:32,839
Speaker 2: an overdraft though for the price of food and beer.

827
00:40:32,880 --> 00:40:34,719
Speaker 2: As I was telling you before. But if you went

828
00:40:34,800 --> 00:40:37,600
Speaker 2: to watch the World Series and then you got to

829
00:40:37,640 --> 00:40:40,120
Speaker 2: see Last Night, that's that's dream come true, isn't it?

830
00:40:40,120 --> 00:40:41,000
Speaker 2: Seven twenty.

831
00:40:42,760 --> 00:40:46,880
Speaker 1: The Mike Asking Breakfast Full Show podcast on aheart radio

832
00:40:47,200 --> 00:40:48,800
Speaker 1: powered by News Talks eb.

833
00:40:50,680 --> 00:40:53,319
Speaker 2: Where how some already sale it. It ends to night

834
00:40:53,320 --> 00:40:54,920
Speaker 2: if you can believe it, So get in today in

835
00:40:55,000 --> 00:40:57,479
Speaker 2: store online fine up to fifty percent of huge range

836
00:40:57,480 --> 00:40:58,960
Speaker 2: of brands that gets you are prepped and ready for

837
00:40:58,960 --> 00:41:01,320
Speaker 2: the summer season. You can freshierr skin with fifty percent

838
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839
00:41:04,160 --> 00:41:06,680
Speaker 2: great with a forty percent off the MCO Beauty Body

840
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Speaker 2: Missed range. You support your health with up to forty

841
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842
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843
00:41:13,880 --> 00:41:17,720
Speaker 2: well Sunkissed Look twenty five percent off the Bondi Sands

844
00:41:17,760 --> 00:41:20,440
Speaker 2: tanning range at Chemist Warehouse, and don't forget that sun protection.

845
00:41:20,760 --> 00:41:23,960
Speaker 2: You can save twenty five percent on the Aveen SPF

846
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Speaker 2: and hydrants range. So all the offers are on now

847
00:41:27,440 --> 00:41:31,560
Speaker 2: Chemist's Warehouse Summer Ready sale in store online check them

848
00:41:31,560 --> 00:41:33,080
Speaker 2: out for yourself, but you've got to be quick. The

849
00:41:33,080 --> 00:41:37,439
Speaker 2: sale ends midnight tonight. It is great savings every day

850
00:41:37,880 --> 00:41:42,040
Speaker 2: at Chemist's Warehouse, Asking twenty four. Right between Tray and Wanaka.

851
00:41:42,920 --> 00:41:45,560
Speaker 2: We're seeing excellent examples of our town's communities, and our

852
00:41:45,560 --> 00:41:47,520
Speaker 2: economy is getting held back at the moment traw you

853
00:41:47,560 --> 00:41:50,560
Speaker 2: got Burger King and Starbucks wannicare it's the famous makers

854
00:41:50,560 --> 00:41:54,000
Speaker 2: scrap Now machers are back for a second crack, having

855
00:41:54,040 --> 00:41:56,239
Speaker 2: been dispensed in round one by the locals who you

856
00:41:56,239 --> 00:41:58,960
Speaker 2: would have thought were repelling the Germans or locusts. Now,

857
00:41:58,960 --> 00:42:01,160
Speaker 2: before we get into the nitty gritty, it's the wrong

858
00:42:01,239 --> 00:42:05,160
Speaker 2: place where special. We don't have these sort of things

859
00:42:05,200 --> 00:42:07,480
Speaker 2: at our place. What we need is some simple rules, right.

860
00:42:07,840 --> 00:42:11,360
Speaker 2: The simple rule should be is what you do illegal.

861
00:42:12,480 --> 00:42:16,040
Speaker 2: If it isn't, there better be a spectacular reason, then

862
00:42:16,120 --> 00:42:18,359
Speaker 2: it shouldn't go ahead. Next rule is, if you want

863
00:42:18,400 --> 00:42:21,040
Speaker 2: to object, you've got to pay for it, pay and win,

864
00:42:21,160 --> 00:42:23,800
Speaker 2: you get a refund, pay and lose. Tough luck should

865
00:42:23,840 --> 00:42:25,640
Speaker 2: be the same for things like the BSA. By the way,

866
00:42:25,920 --> 00:42:28,040
Speaker 2: the simple truth about human nature is if you give

867
00:42:28,080 --> 00:42:30,879
Speaker 2: certain sorts of people a free run at winging, they're

868
00:42:30,880 --> 00:42:34,120
Speaker 2: going to go to town so wanaka classic Nimbi territory.

869
00:42:34,120 --> 00:42:36,600
Speaker 2: Because all we all know why MAC has got a

870
00:42:36,640 --> 00:42:38,839
Speaker 2: hard time round one, don't we? We all know their low

871
00:42:38,880 --> 00:42:42,279
Speaker 2: rent fast food is low rent. The snobbery is nauseating.

872
00:42:42,600 --> 00:42:44,640
Speaker 2: One of the submissions last time you may remember, was

873
00:42:44,640 --> 00:42:46,960
Speaker 2: from Health New Zealand. For goodness sake, I mean what

874
00:42:47,000 --> 00:42:48,719
Speaker 2: they were doing, raised eyebrows all the way to the

875
00:42:48,719 --> 00:42:50,400
Speaker 2: minister's office, who told them to pull their heads in,

876
00:42:50,600 --> 00:42:53,680
Speaker 2: but they argued obesity rules. See MACS has no more

877
00:42:53,680 --> 00:42:56,080
Speaker 2: linked with obesity than the fish and chip shop. But

878
00:42:56,160 --> 00:42:58,439
Speaker 2: because the fish and chip shop is quaint and Bill

879
00:42:58,480 --> 00:43:00,520
Speaker 2: and Mary your neighbors run it, and it's a bit

880
00:43:00,560 --> 00:43:02,279
Speaker 2: of keying nostalgia, we don't think of it like we

881
00:43:02,320 --> 00:43:05,040
Speaker 2: think of macis the value of killing all the excuses?

882
00:43:05,280 --> 00:43:08,280
Speaker 2: Is there a Pandola's box? Of course, Once one excuse flies,

883
00:43:08,640 --> 00:43:12,960
Speaker 2: derivatives of the excuse get invented. Groups are formed, lawyers

884
00:43:12,960 --> 00:43:16,480
Speaker 2: are hired, tensions rise campaigns are launched. It's all on

885
00:43:16,719 --> 00:43:18,759
Speaker 2: I've got the personal interest or stake in macas or

886
00:43:18,760 --> 00:43:21,120
Speaker 2: Burger King or Starbucks. But what I do know is

887
00:43:21,160 --> 00:43:24,560
Speaker 2: that they are legitimate businesses. They pay tax, they employ people,

888
00:43:24,600 --> 00:43:26,799
Speaker 2: and some people, well, some people like to frequent them.

889
00:43:27,280 --> 00:43:29,880
Speaker 2: Selling food should not be a reason for an objection

890
00:43:30,680 --> 00:43:35,000
Speaker 2: or commissioners or submissions, or any sort of process that

891
00:43:35,120 --> 00:43:40,520
Speaker 2: stops people getting on with life. Tony Alexander summed it

892
00:43:40,600 --> 00:43:44,560
Speaker 2: up perfectly yesterday. The CGT idea he opens us in

893
00:43:44,600 --> 00:43:47,560
Speaker 2: one roof read the full thing. Let's say people ignore

894
00:43:47,600 --> 00:43:51,200
Speaker 2: the improvements in the economy and jobs and the jobs market,

895
00:43:51,440 --> 00:43:54,400
Speaker 2: and the uptick in house prices and vote labor. Let's

896
00:43:54,400 --> 00:43:57,000
Speaker 2: also put aside the following folk like me do not

897
00:43:57,080 --> 00:43:59,279
Speaker 2: need free doctors' visits. I'm happy to pay and will

898
00:43:59,280 --> 00:44:03,040
Speaker 2: willingly subsid other sick people. Also, the tendency of taxes

899
00:44:03,080 --> 00:44:06,719
Speaker 2: to retard rather than drive economic growth, employment and productivity.

900
00:44:07,360 --> 00:44:09,480
Speaker 2: The absence of a pool of billions of dollars to

901
00:44:09,480 --> 00:44:12,120
Speaker 2: flow into our other investments, because most money used by

902
00:44:12,200 --> 00:44:15,160
Speaker 2: investors is borrowed and not already saved equity. So it

903
00:44:15,200 --> 00:44:17,160
Speaker 2: makes the immediate point is the chances are that the

904
00:44:17,160 --> 00:44:18,920
Speaker 2: government are going to get back next year because all

905
00:44:18,960 --> 00:44:21,239
Speaker 2: the aforementioned are going to happen and this thing will

906
00:44:21,239 --> 00:44:23,759
Speaker 2: never be a thing. Here's my long term prediction. I've

907
00:44:23,800 --> 00:44:26,520
Speaker 2: offered this once, but I'll reiter it now. Here's my

908
00:44:26,600 --> 00:44:30,160
Speaker 2: long perdiction. Next year is not a foregone conclusion in

909
00:44:30,200 --> 00:44:31,719
Speaker 2: the election. The pop place this and we all get

910
00:44:31,719 --> 00:44:33,600
Speaker 2: a bit angsty. An election year and things is even

911
00:44:33,640 --> 00:44:35,439
Speaker 2: flow and it all gets a bit exciting. That's why

912
00:44:35,440 --> 00:44:38,560
Speaker 2: most of us love election year. But ultimately the government

913
00:44:38,600 --> 00:44:41,640
Speaker 2: will be returned, because history shows us that's what happens. Generally,

914
00:44:41,680 --> 00:44:44,239
Speaker 2: you get two terms at which point, either on the

915
00:44:44,320 --> 00:44:47,160
Speaker 2: night Chippy will resign or if he doesn't want to

916
00:44:47,200 --> 00:44:49,000
Speaker 2: resign on the night, he will be rolled a couple

917
00:44:49,040 --> 00:44:50,800
Speaker 2: of weeks later because he will have taken his party

918
00:44:50,800 --> 00:44:53,879
Speaker 2: to the election with another failed tax policy and they'll

919
00:44:53,920 --> 00:44:55,960
Speaker 2: be wanting to get rid of them. The big question,

920
00:44:56,160 --> 00:44:57,960
Speaker 2: this is the important question for us, all those of

921
00:44:58,040 --> 00:44:59,480
Speaker 2: us who would like to stay in the country for

922
00:44:59,560 --> 00:45:02,439
Speaker 2: us sustain period of time instead of bailing like everybody else.

923
00:45:03,040 --> 00:45:05,320
Speaker 2: The big question is for the Labor Party at that point,

924
00:45:05,880 --> 00:45:08,759
Speaker 2: having taken that policy to the campaign for a fourth

925
00:45:08,800 --> 00:45:11,320
Speaker 2: time and failed, do they get rid of it forever

926
00:45:11,640 --> 00:45:14,560
Speaker 2: and do they become a centrist labor party as opposed

927
00:45:14,600 --> 00:45:17,640
Speaker 2: to a left leaning labor party. That's your big question.

928
00:45:18,000 --> 00:45:22,040
Speaker 1: No fluff, just facts and fierce debate. The Mic Hosking

929
00:45:22,080 --> 00:45:26,760
Speaker 1: Breakfast with Alvida, Retirement, Communities, Life Your Way, News, Togstead,

930
00:45:26,800 --> 00:45:27,360
Speaker 1: be Mark.

931
00:45:27,239 --> 00:45:30,080
Speaker 2: And Jimmy a Politics Wednesday, twenty three minutes away from eight.

932
00:45:30,120 --> 00:45:32,440
Speaker 2: If you can believe it, Rocket Lab is celebrating twenty

933
00:45:32,600 --> 00:45:35,000
Speaker 2: years one of the country's growth success stories. Of course,

934
00:45:35,040 --> 00:45:38,680
Speaker 2: milestone year become the fastest a company ever to get

935
00:45:38,719 --> 00:45:41,480
Speaker 2: fifty rockets into space these days, valued north of twenty

936
00:45:41,520 --> 00:45:44,560
Speaker 2: billion as customers like NASA and the US Air Force

937
00:45:44,600 --> 00:45:47,640
Speaker 2: and Sir Peter Becker's of course Rocket Labs founder and CEO,

938
00:45:47,920 --> 00:45:50,759
Speaker 2: and as well as Peter Good morning, Good morning, Mike.

939
00:45:50,800 --> 00:45:51,600
Speaker 19: How are you very well?

940
00:45:51,640 --> 00:45:55,520
Speaker 2: Indeed, thank you if you charted the idea versus the

941
00:45:55,560 --> 00:45:58,720
Speaker 2: reality of how it panned out, what happened?

942
00:46:00,000 --> 00:46:01,560
Speaker 21: It was all too slow, if I'm honest with you,

943
00:46:01,960 --> 00:46:03,879
Speaker 21: I was expecting to be further on than we are.

944
00:46:04,040 --> 00:46:07,440
Speaker 21: But but no complaints. Really, I think you know, the

945
00:46:07,480 --> 00:46:11,480
Speaker 21: company continues to grow really really strongly, But you know,

946
00:46:11,560 --> 00:46:13,600
Speaker 21: it always it always seems like it's going to take

947
00:46:13,600 --> 00:46:15,560
Speaker 21: a shorter period of time than it really does.

948
00:46:15,920 --> 00:46:18,080
Speaker 2: It continues to grow to be.

949
00:46:18,200 --> 00:46:22,040
Speaker 21: What well, look, we're trying to build a bigger space

950
00:46:22,080 --> 00:46:24,680
Speaker 21: company in the world, unashamably. That's that's where we're trying

951
00:46:24,680 --> 00:46:27,120
Speaker 21: to go. And and you know, if you look at

952
00:46:27,320 --> 00:46:29,480
Speaker 21: look at the market cap today, as you pointed out,

953
00:46:29,520 --> 00:46:32,080
Speaker 21: it's it's like five times the size of Fonterra. So

954
00:46:32,320 --> 00:46:34,880
Speaker 21: we're doing okay, but there's there's a lot more to go.

955
00:46:35,400 --> 00:46:37,560
Speaker 2: And so in space is one of the things we've

956
00:46:37,640 --> 00:46:40,600
Speaker 2: learned in space to be successful, it's all about scale

957
00:46:41,200 --> 00:46:42,359
Speaker 2: or is that not fair to say?

958
00:46:43,040 --> 00:46:45,440
Speaker 21: It's all about scale, and it's all about execution, and

959
00:46:45,480 --> 00:46:48,160
Speaker 21: it's all about reliability. And you know, there's there's been

960
00:46:48,200 --> 00:46:50,160
Speaker 21: a lot of a lot of capital poured into the

961
00:46:50,200 --> 00:46:52,960
Speaker 21: space industry over the years, and and you know, if

962
00:46:53,000 --> 00:46:55,680
Speaker 21: those those three things aren't there, then then that's that's

963
00:46:55,680 --> 00:46:57,919
Speaker 21: where the failure occurs. But you know, we've been we've

964
00:46:57,920 --> 00:47:00,279
Speaker 21: been lucky and worked hard to make sure that you know,

965
00:47:00,320 --> 00:47:04,200
Speaker 21: we continue to execute and our products work and work reliably.

966
00:47:04,719 --> 00:47:08,080
Speaker 2: It seems today that there's money out there, truckloads of

967
00:47:08,120 --> 00:47:10,879
Speaker 2: money for things like space AI all of those sort

968
00:47:10,880 --> 00:47:13,440
Speaker 2: of things. Was that always the case when you started

969
00:47:13,480 --> 00:47:16,320
Speaker 2: in space? Was there money out there for cool ideas?

970
00:47:17,320 --> 00:47:19,600
Speaker 21: No, you have to put it into context, Mike. I

971
00:47:19,680 --> 00:47:22,560
Speaker 21: came from New Zealand with no degree to Silicon Valley,

972
00:47:22,800 --> 00:47:25,160
Speaker 21: from a country that had no space industry, and raised

973
00:47:25,239 --> 00:47:27,480
Speaker 21: five million dollars, which was an absurd amount of money

974
00:47:27,520 --> 00:47:30,120
Speaker 21: at the time. I mean, you go to Silicon Valley

975
00:47:30,120 --> 00:47:33,920
Speaker 21: now with just a nutty idea in space and you

976
00:47:33,920 --> 00:47:36,200
Speaker 21: can go and raise fifty one hundred million dollars. So no,

977
00:47:36,520 --> 00:47:37,680
Speaker 21: very very different times.

978
00:47:37,960 --> 00:47:41,120
Speaker 2: How much I mean, your reputation precedes you. I am

979
00:47:41,160 --> 00:47:44,440
Speaker 2: assuming to some degree now because of your success. But

980
00:47:44,560 --> 00:47:46,719
Speaker 2: how much of the money in space these days is

981
00:47:46,800 --> 00:47:49,560
Speaker 2: just crazy money? Risky money? Throw it at an idea,

982
00:47:49,640 --> 00:47:50,799
Speaker 2: some of it will stick.

983
00:47:51,880 --> 00:47:54,080
Speaker 21: Not less now like it was super fluffy in twenty

984
00:47:54,080 --> 00:47:57,440
Speaker 21: twenty one. Like you know, we saw things that get

985
00:47:57,520 --> 00:48:01,280
Speaker 21: funded that didn't even follow the laws of physics, but

986
00:48:01,640 --> 00:48:02,640
Speaker 21: much much harder now.

987
00:48:02,960 --> 00:48:05,040
Speaker 2: Do you need what would you call yourself? Are you

988
00:48:05,080 --> 00:48:07,160
Speaker 2: a visionary or are you a businessman or a bit

989
00:48:07,200 --> 00:48:09,279
Speaker 2: of both? And if you are a visionary, do you

990
00:48:09,320 --> 00:48:10,000
Speaker 2: need a businessman?

991
00:48:12,080 --> 00:48:15,240
Speaker 21: Well, I'd hope that on my Termbstone, it says engineer.

992
00:48:15,480 --> 00:48:20,520
Speaker 21: But but you know, it's definitely a strong marriage between

993
00:48:20,520 --> 00:48:23,640
Speaker 21: engineering and business because you have to you have to

994
00:48:23,640 --> 00:48:26,440
Speaker 21: make good business decisions along with good engineering decisions, and

995
00:48:26,760 --> 00:48:29,560
Speaker 21: if either one of those decisions are bad, then then

996
00:48:29,560 --> 00:48:31,760
Speaker 21: that's that's when when that's when you have problems.

997
00:48:31,920 --> 00:48:34,680
Speaker 2: Is there a certain I already in having NASA involved in it?

998
00:48:34,760 --> 00:48:37,520
Speaker 2: Once upon a time, Space was NASA and NASA was space,

999
00:48:37,600 --> 00:48:39,520
Speaker 2: whereas the whole thing's sort of flipped, hasn't it.

1000
00:48:41,080 --> 00:48:41,319
Speaker 11: Yeah?

1001
00:48:41,440 --> 00:48:44,520
Speaker 21: Yeah, I mean it's funny because my original dream is

1002
00:48:44,560 --> 00:48:46,759
Speaker 21: to go and work for NESSA, and I think it

1003
00:48:46,840 --> 00:48:49,600
Speaker 21: was on our fourth launch that we actually flew NASA,

1004
00:48:49,640 --> 00:48:51,360
Speaker 21: so that was there was you know a bit of

1005
00:48:51,360 --> 00:48:54,120
Speaker 21: a bit of a moment for us. But but but

1006
00:48:54,200 --> 00:48:57,879
Speaker 21: NASA's always sort of contracted folks to build stuff for them.

1007
00:48:58,440 --> 00:49:01,719
Speaker 21: They've always built up as well. But it's certainly much

1008
00:49:01,760 --> 00:49:06,040
Speaker 21: more of a you know, an outsource model now than

1009
00:49:06,080 --> 00:49:06,640
Speaker 21: it ever was.

1010
00:49:06,920 --> 00:49:09,640
Speaker 2: Is your story typical? In other words, if you start

1011
00:49:09,680 --> 00:49:12,880
Speaker 2: from New Zealand in an area that goes big globally,

1012
00:49:13,440 --> 00:49:15,840
Speaker 2: you will inevitably have to leave New Zealand and be

1013
00:49:16,000 --> 00:49:17,680
Speaker 2: somewhere else. Is that fair?

1014
00:49:18,960 --> 00:49:21,719
Speaker 21: Well, I mean, this is the crazy thing about if

1015
00:49:21,719 --> 00:49:24,160
Speaker 21: you want to build a big, successful company, by definition,

1016
00:49:24,239 --> 00:49:26,279
Speaker 21: it has to be global because there's not scale in

1017
00:49:26,320 --> 00:49:30,040
Speaker 21: New Zealand. So I always always get somewhat annoyed when

1018
00:49:30,080 --> 00:49:32,319
Speaker 21: folks say, oh, isn't it sad that rocket Lab had

1019
00:49:32,360 --> 00:49:36,200
Speaker 21: to list in Nasdak and be a global company. It's like, no,

1020
00:49:36,719 --> 00:49:39,080
Speaker 21: that's the only way you can build scale. I think

1021
00:49:39,120 --> 00:49:42,040
Speaker 21: it's a great success when companies start in New Zealand

1022
00:49:42,080 --> 00:49:45,920
Speaker 21: and grow and have to go into national and global

1023
00:49:46,160 --> 00:49:49,040
Speaker 21: and become large, successful, multi multi nationals. I think that

1024
00:49:49,520 --> 00:49:50,800
Speaker 21: is a definition of success.

1025
00:49:51,000 --> 00:49:53,600
Speaker 2: What about the technical side of what you do and

1026
00:49:53,640 --> 00:49:57,080
Speaker 2: how fast it's increasing in terms of what you do,

1027
00:49:57,200 --> 00:49:59,680
Speaker 2: the efficiency of what you do, the reliability of what

1028
00:49:59,719 --> 00:50:02,800
Speaker 2: you do, and whether that projection keeps going.

1029
00:50:04,520 --> 00:50:06,719
Speaker 21: Yeah, well, I mean you know, as long as as

1030
00:50:06,800 --> 00:50:10,280
Speaker 21: as long as technology keeps moving, then then that's always

1031
00:50:10,320 --> 00:50:13,239
Speaker 21: the case. I mean, we certainly sit on you the

1032
00:50:13,239 --> 00:50:16,560
Speaker 21: bleeding edge of innovation, and that's part of our secret. Writers.

1033
00:50:16,680 --> 00:50:19,080
Speaker 21: If you look at our kind of traditional competitors, the

1034
00:50:19,160 --> 00:50:23,239
Speaker 21: large aerospace primes, you know that their failure has been

1035
00:50:23,280 --> 00:50:26,000
Speaker 21: innovation and a lot of respects. So you know, you

1036
00:50:26,320 --> 00:50:30,320
Speaker 21: can chart the course and look at the similarities between

1037
00:50:30,719 --> 00:50:33,200
Speaker 21: you know, the successful space companies and they all look

1038
00:50:33,320 --> 00:50:35,360
Speaker 21: kind of like rocket Lab and space X these days.

1039
00:50:35,640 --> 00:50:39,000
Speaker 2: Yeah, are you cognizant? And do you think of what

1040
00:50:39,080 --> 00:50:42,160
Speaker 2: you've done for your industry in a place like New Zealand?

1041
00:50:42,200 --> 00:50:45,600
Speaker 2: So in other words, you were a pioneer and a

1042
00:50:45,680 --> 00:50:47,600
Speaker 2: kid in school can think of space as being a

1043
00:50:47,640 --> 00:50:50,640
Speaker 2: real option as opposed to a dream like option.

1044
00:50:52,040 --> 00:50:54,319
Speaker 21: Absolutely, it's a real option. I mean for me growing up,

1045
00:50:54,360 --> 00:50:56,160
Speaker 21: it was was I have to move to America and

1046
00:50:56,200 --> 00:50:59,160
Speaker 21: go and work Panassa. But you know there's about nine

1047
00:50:59,239 --> 00:51:01,480
Speaker 21: hundred kiwis that just work in rocket Lab alone, and

1048
00:51:01,520 --> 00:51:03,719
Speaker 21: we have something like one and a half thousand supplies

1049
00:51:03,880 --> 00:51:06,839
Speaker 21: all supporting the various missions that we have going on

1050
00:51:06,880 --> 00:51:09,560
Speaker 21: around the world. So, you know, a career in space

1051
00:51:09,640 --> 00:51:13,400
Speaker 21: these days is you know that that is absolutely attainable

1052
00:51:13,440 --> 00:51:14,680
Speaker 21: and almost standard.

1053
00:51:14,920 --> 00:51:17,480
Speaker 2: Do you have labor issues hiring great people or is

1054
00:51:17,520 --> 00:51:18,960
Speaker 2: the industry full of great people?

1055
00:51:20,280 --> 00:51:20,360
Speaker 18: No?

1056
00:51:20,480 --> 00:51:22,759
Speaker 21: We do, I mean, and the bar at rocket Lab

1057
00:51:22,800 --> 00:51:26,279
Speaker 21: is extraordinarily high. The HR team was saying to me

1058
00:51:26,320 --> 00:51:28,000
Speaker 21: the other day that it's twice as easy to get

1059
00:51:28,040 --> 00:51:30,479
Speaker 21: into Harvard University than it is to get into rocket Lab,

1060
00:51:30,920 --> 00:51:34,840
Speaker 21: and we're unashamable about that because we only hire the best.

1061
00:51:34,560 --> 00:51:37,320
Speaker 21: But you know, when you put the best people in

1062
00:51:38,000 --> 00:51:41,120
Speaker 21: a team together and throw resources at them, then you know,

1063
00:51:41,160 --> 00:51:43,440
Speaker 21: that's when the magic happens. But it is a continual

1064
00:51:43,520 --> 00:51:45,520
Speaker 21: throttle for us, like finding the best talent.

1065
00:51:46,480 --> 00:51:49,480
Speaker 2: Are you beyond the economy in that sense? You know what,

1066
00:51:49,920 --> 00:51:52,839
Speaker 2: back here on Earth we're worried about tariffs and the

1067
00:51:52,880 --> 00:51:56,120
Speaker 2: price of cost of living crisis and all of those

1068
00:51:56,200 --> 00:51:59,160
Speaker 2: real world things. Does the space industry just keep on

1069
00:51:59,280 --> 00:52:01,680
Speaker 2: being the space industry no matter what is happening in

1070
00:52:01,680 --> 00:52:02,080
Speaker 2: the world.

1071
00:52:03,280 --> 00:52:05,840
Speaker 21: Pretty much? Actually, if you track the history of the

1072
00:52:05,880 --> 00:52:09,520
Speaker 21: space industry, because the build cycles of the you know,

1073
00:52:09,560 --> 00:52:11,680
Speaker 21: whether it's a rocket or a spacecraft, is so long.

1074
00:52:11,800 --> 00:52:14,800
Speaker 21: It generally spans like like the you know, the ebs

1075
00:52:14,800 --> 00:52:18,239
Speaker 21: and flows of the economy. Now, certainly, you know, from

1076
00:52:18,400 --> 00:52:23,000
Speaker 21: from an entrepreneurial standpoint, the access to capital becomes great

1077
00:52:23,040 --> 00:52:25,280
Speaker 21: and then it goes in cycles as well and then less,

1078
00:52:25,680 --> 00:52:29,640
Speaker 21: but generally it does kind of span those larger macroeconomic things.

1079
00:52:30,640 --> 00:52:33,840
Speaker 21: But if you look at the industries that are growing

1080
00:52:33,920 --> 00:52:37,160
Speaker 21: the most, it's like AI in space and a few others,

1081
00:52:37,200 --> 00:52:40,000
Speaker 21: so you know, there's there's there's no kind of there's

1082
00:52:40,000 --> 00:52:41,400
Speaker 21: no kind of slack in the system.

1083
00:52:41,520 --> 00:52:43,960
Speaker 2: How have you kept control of the company in terms

1084
00:52:44,120 --> 00:52:47,400
Speaker 2: of as it's grown bigger. You can't be everywhere and

1085
00:52:47,440 --> 00:52:48,680
Speaker 2: be everything to everyone.

1086
00:52:50,160 --> 00:52:52,719
Speaker 21: Yeah, that that is that is the hardest thing, and

1087
00:52:52,760 --> 00:52:55,160
Speaker 21: if I'm honest, I worry about that the most and

1088
00:52:55,200 --> 00:52:56,920
Speaker 21: I've been probably spend the most amount of time is

1089
00:52:57,040 --> 00:53:00,239
Speaker 21: just making sure the rocket Lab culture never change just

1090
00:53:00,320 --> 00:53:02,839
Speaker 21: because you know, we've acquired six companies, and when you

1091
00:53:02,880 --> 00:53:05,480
Speaker 21: acquire a company, you acquire a certain degree of culture.

1092
00:53:06,000 --> 00:53:08,120
Speaker 21: So that's probably something I spend the most amount of

1093
00:53:08,200 --> 00:53:10,279
Speaker 21: time on. And you can go to any one of

1094
00:53:10,320 --> 00:53:12,600
Speaker 21: our businesses anywhere in the world and there's always a

1095
00:53:12,680 --> 00:53:16,200
Speaker 21: KIWI sitting there in some level of some level of authority,

1096
00:53:16,320 --> 00:53:19,280
Speaker 21: So you know that that that that's kind of one

1097
00:53:19,360 --> 00:53:22,239
Speaker 21: way we do it. But but yeah, no, I think

1098
00:53:22,280 --> 00:53:24,480
Speaker 21: I think that's that's something worths have to have to

1099
00:53:24,480 --> 00:53:25,080
Speaker 21: work hard at.

1100
00:53:25,200 --> 00:53:28,720
Speaker 2: And is it true that Kiwis are different in terms

1101
00:53:28,760 --> 00:53:30,799
Speaker 2: of work ethic their view of the world. That you

1102
00:53:30,840 --> 00:53:32,480
Speaker 2: can spot a Kiwi and that's why a lot of

1103
00:53:32,480 --> 00:53:34,080
Speaker 2: internationals like Kiwis.

1104
00:53:34,840 --> 00:53:38,799
Speaker 21: Absolutely But for the positive end, for the negative. You know.

1105
00:53:38,880 --> 00:53:41,360
Speaker 21: The one thing that I'm always, you know, banging on

1106
00:53:41,400 --> 00:53:43,799
Speaker 21: with Kiwis is that we just don't think big enough.

1107
00:53:44,160 --> 00:53:45,960
Speaker 21: Like I can go to America and stand up in

1108
00:53:46,000 --> 00:53:47,319
Speaker 21: a room and say I'm going to build a bigger

1109
00:53:47,360 --> 00:53:49,880
Speaker 21: space company in the world and everybody cheers. I do

1110
00:53:50,000 --> 00:53:51,440
Speaker 21: the same thing in the room in New.

1111
00:53:51,400 --> 00:53:53,719
Speaker 23: Zealand and everybody sort of goes, I don't know about that,

1112
00:53:54,440 --> 00:53:56,880
Speaker 23: you know what I mean. So that's one of the

1113
00:53:56,880 --> 00:53:59,600
Speaker 23: biggest issues that we have in New Zealand. Just like Saint,

1114
00:53:59,640 --> 00:54:02,120
Speaker 23: bigger and be more ambitious and get after it.

1115
00:54:02,320 --> 00:54:04,960
Speaker 2: Yeah, well said, will you be with the company forever?

1116
00:54:05,080 --> 00:54:07,319
Speaker 2: I mean business people, you know, you buy your cell,

1117
00:54:07,400 --> 00:54:09,279
Speaker 2: you get bored out, whatever the case may. Will you

1118
00:54:09,360 --> 00:54:11,520
Speaker 2: be with rocket Lab until you decide you're no longer

1119
00:54:11,560 --> 00:54:12,680
Speaker 2: wanting to be with rocket Lab?

1120
00:54:13,680 --> 00:54:15,239
Speaker 21: Well, I think one or two things will happen, and

1121
00:54:15,239 --> 00:54:17,040
Speaker 21: they'll take me out in a box, or somebody will

1122
00:54:17,040 --> 00:54:19,040
Speaker 21: tap me on the show that shoulder hopefully and say

1123
00:54:19,080 --> 00:54:20,880
Speaker 21: that I'm no longer effective and it's time to go.

1124
00:54:21,000 --> 00:54:22,320
Speaker 21: That's probably the reality.

1125
00:54:22,520 --> 00:54:25,040
Speaker 2: Fantastic, good to catch up with you, appreciating congratulations on

1126
00:54:25,040 --> 00:54:28,840
Speaker 2: twenty years. Supeter Beck twenty years of Rocket Lab fourteen

1127
00:54:28,840 --> 00:54:29,600
Speaker 2: to two.

1128
00:54:30,360 --> 00:54:34,880
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

1129
00:54:34,880 --> 00:54:35,680
Speaker 1: by News Talks It.

1130
00:54:35,800 --> 00:54:39,200
Speaker 2: Be Hey, Mike, that man's inspirational. Thanks for having him on.

1131
00:54:39,280 --> 00:54:41,920
Speaker 2: Great Pleasure, Mike. Great interview with Sir Peter Becky's bang on.

1132
00:54:42,520 --> 00:54:45,160
Speaker 2: What a fantastic guy. His story should be the curriculum.

1133
00:54:45,400 --> 00:54:47,600
Speaker 2: Peter Becker is awesome. I'm past fifty nine and I

1134
00:54:47,640 --> 00:54:49,040
Speaker 2: want to be him when I grow up. Mike, I

1135
00:54:49,040 --> 00:54:51,759
Speaker 2: cannot believe you didn't ask him about the asteroid that's

1136
00:54:51,760 --> 00:54:55,480
Speaker 2: circling our solar system. We mentioned it briefly on the program.

1137
00:54:55,560 --> 00:54:57,720
Speaker 2: What's it called thirty one AX or thirty one line

1138
00:54:57,800 --> 00:55:01,800
Speaker 2: or thirty one B or whatever? Slash Atlas three, I

1139
00:55:02,000 --> 00:55:03,720
Speaker 2: slash Atlas.

1140
00:55:03,520 --> 00:55:05,040
Speaker 3: It's not an asteroid.

1141
00:55:05,320 --> 00:55:06,239
Speaker 2: What is it?

1142
00:55:06,239 --> 00:55:06,479
Speaker 21: Well?

1143
00:55:06,960 --> 00:55:11,960
Speaker 2: Probably a meteor? Okay, but a meteor, Glenn? What is it?

1144
00:55:12,840 --> 00:55:13,040
Speaker 21: Well?

1145
00:55:13,640 --> 00:55:17,440
Speaker 2: It yeah, exactly. That's why I should have asked Peter

1146
00:55:17,520 --> 00:55:18,160
Speaker 2: Beck that question.

1147
00:55:18,320 --> 00:55:21,000
Speaker 15: I know that a meteor becomes a meteorite if bits

1148
00:55:21,000 --> 00:55:22,080
Speaker 15: of it land on Earth.

1149
00:55:22,160 --> 00:55:24,320
Speaker 2: Correct. What if I'd said to Peter Beck, what do

1150
00:55:24,360 --> 00:55:25,960
Speaker 2: you reckon? He goes as far as we can tell,

1151
00:55:26,000 --> 00:55:28,720
Speaker 2: And I've just been down in the Control Center. It's alien.

1152
00:55:29,040 --> 00:55:30,320
Speaker 2: What if it said that? That would have been the

1153
00:55:30,360 --> 00:55:32,279
Speaker 2: scoop of the year, wouldn't it? I missed it? Never mind?

1154
00:55:32,320 --> 00:55:33,320
Speaker 2: Teened away from eight.

1155
00:55:34,400 --> 00:55:38,520
Speaker 1: The Mike Hosking Breakfast with a Vita Retirement, Communities News,

1156
00:55:38,560 --> 00:55:39,120
Speaker 1: togs Head be.

1157
00:55:39,200 --> 00:55:41,680
Speaker 2: But it's tiven away from a bull talk. Constellation Cups

1158
00:55:41,719 --> 00:55:44,040
Speaker 2: got exciting game for tonight series at two to one.

1159
00:55:44,080 --> 00:55:47,120
Speaker 2: If we went again tonight, we've got to play off.

1160
00:55:48,040 --> 00:55:50,439
Speaker 2: So sort of, I don't think we've ever done this before.

1161
00:55:50,480 --> 00:55:52,600
Speaker 2: I may be completely wrong, of course, A bit McCausland

1162
00:55:52,640 --> 00:55:54,799
Speaker 2: jury is the current silver offense head coaching is with

1163
00:55:54,880 --> 00:55:58,919
Speaker 2: us a bit good morning, So there's to all things.

1164
00:55:58,960 --> 00:56:00,960
Speaker 2: So let's as human be it of it's two all

1165
00:56:01,000 --> 00:56:02,640
Speaker 2: and then you go again. Is this new?

1166
00:56:04,160 --> 00:56:04,399
Speaker 21: Yes?

1167
00:56:04,760 --> 00:56:08,279
Speaker 24: So it started last year. It is because there'd been

1168
00:56:08,320 --> 00:56:12,600
Speaker 24: a number of times that this particular series, the Constellation Cup,

1169
00:56:12,640 --> 00:56:16,080
Speaker 24: had come down to a two wall, and previous to

1170
00:56:16,120 --> 00:56:18,200
Speaker 24: that it used to go on points four and against.

1171
00:56:18,200 --> 00:56:20,600
Speaker 24: But for the last two years it's gone on a

1172
00:56:20,800 --> 00:56:26,000
Speaker 24: series decider. So yeah, it's pretty a pretty grueling system,

1173
00:56:26,120 --> 00:56:27,080
Speaker 24: a good opportunity.

1174
00:56:27,320 --> 00:56:29,799
Speaker 2: Why don't you just play best of five instead of

1175
00:56:30,280 --> 00:56:31,759
Speaker 2: potentially living it at too all.

1176
00:56:32,840 --> 00:56:35,080
Speaker 24: Yeah, that is another option, and I think they did

1177
00:56:35,120 --> 00:56:38,359
Speaker 24: discuss that between Netball Australia and Netbull New Zealand, and

1178
00:56:38,840 --> 00:56:41,800
Speaker 24: one of the factors was the cost to run another

1179
00:56:42,360 --> 00:56:45,319
Speaker 24: another game and which country would have it, who would

1180
00:56:45,320 --> 00:56:47,040
Speaker 24: have the three? But I guess you could just alternate

1181
00:56:47,160 --> 00:56:49,200
Speaker 24: year on year off who had the three and who

1182
00:56:49,200 --> 00:56:49,680
Speaker 24: had the two.

1183
00:56:49,920 --> 00:56:52,840
Speaker 2: Well, we've got to get to all first. How confident

1184
00:56:52,920 --> 00:56:54,359
Speaker 2: going in that you're going to make it to all?

1185
00:56:55,760 --> 00:56:57,799
Speaker 24: Got to be confident, man, It's going to be hard work,

1186
00:56:57,880 --> 00:57:00,200
Speaker 24: but really confident based on the fact that they know

1187
00:57:00,239 --> 00:57:01,799
Speaker 24: the way they've played the other night, They've got the

1188
00:57:01,840 --> 00:57:06,360
Speaker 24: potential there. Certainly for us that's you know, to replicate

1189
00:57:06,400 --> 00:57:09,080
Speaker 24: that's not easy, but certainly is a possibility. So you've

1190
00:57:09,080 --> 00:57:13,200
Speaker 24: got to win first to then create the two two

1191
00:57:13,239 --> 00:57:15,200
Speaker 24: two and then go into the series deciders.

1192
00:57:15,239 --> 00:57:16,680
Speaker 21: It's like having the fifth game. Really.

1193
00:57:16,920 --> 00:57:19,800
Speaker 2: Yeah, I'm interested that none of the games. Once again,

1194
00:57:19,800 --> 00:57:21,120
Speaker 2: correct me if I'm wrong, but I think I'm right

1195
00:57:21,160 --> 00:57:23,120
Speaker 2: saying none of the games have been close, and normally

1196
00:57:23,240 --> 00:57:25,480
Speaker 2: netball can be closed. What's happening here, do you think?

1197
00:57:26,440 --> 00:57:29,000
Speaker 24: Yeah, but in each of the games, we've obviously had

1198
00:57:29,040 --> 00:57:31,800
Speaker 24: a quarter each where it's been blowing out. So it's

1199
00:57:31,840 --> 00:57:34,720
Speaker 24: been reconably close across three quarters, but one quarter has

1200
00:57:34,760 --> 00:57:39,840
Speaker 24: been significantly different. And that again applied on Sunday night

1201
00:57:39,880 --> 00:57:42,560
Speaker 24: when we beat Australia. We had one quarter that was

1202
00:57:42,560 --> 00:57:47,400
Speaker 24: a big blowout. But yeah, look, sometimes it just gets away.

1203
00:57:47,600 --> 00:57:49,720
Speaker 24: One of the things is when you share the center pass.

1204
00:57:50,880 --> 00:57:52,720
Speaker 24: You know right now it should be a draw as

1205
00:57:52,720 --> 00:57:55,200
Speaker 24: you just scored your own ball, but you just get

1206
00:57:55,240 --> 00:57:58,200
Speaker 24: one or two eras and that becomes fourth for the opposition.

1207
00:57:58,240 --> 00:58:00,800
Speaker 24: It can blow really quickly, so initially staying in touch,

1208
00:58:01,120 --> 00:58:03,760
Speaker 24: so getting turnoverboard can blow quick.

1209
00:58:03,600 --> 00:58:05,800
Speaker 2: Yeah, exactly. So you get to two all you win

1210
00:58:05,880 --> 00:58:09,919
Speaker 2: the playoff. As far as the thing goes coming back

1211
00:58:09,960 --> 00:58:11,960
Speaker 2: from two nil down, that's got to be right up there,

1212
00:58:11,960 --> 00:58:13,640
Speaker 2: doesn't it.

1213
00:58:13,640 --> 00:58:14,960
Speaker 21: It's right up there.

1214
00:58:14,960 --> 00:58:17,960
Speaker 24: Certainly, right up there. So that's our big focus is

1215
00:58:18,000 --> 00:58:20,960
Speaker 24: as much as we're thinking about the fuel today, the

1216
00:58:21,000 --> 00:58:23,600
Speaker 24: ability you know, in the last two days to recover

1217
00:58:23,680 --> 00:58:27,280
Speaker 24: quickly and be physically ready for potential overtime because the

1218
00:58:27,360 --> 00:58:31,240
Speaker 24: first tonight's match could even go to overtime in that

1219
00:58:31,480 --> 00:58:35,120
Speaker 24: game itself, and then if you're win that overtime, you've

1220
00:58:35,120 --> 00:58:37,120
Speaker 24: still got to go to the series deciders that are

1221
00:58:37,120 --> 00:58:39,120
Speaker 24: two separate overtimes.

1222
00:58:38,640 --> 00:58:40,440
Speaker 2: And so well that's where the fitness comes in. It's

1223
00:58:40,440 --> 00:58:43,840
Speaker 2: where all the preseason training, the stamina, the determination, the

1224
00:58:43,840 --> 00:58:48,160
Speaker 2: middle of the top two percent comes in a bit, totally, totally.

1225
00:58:47,800 --> 00:58:49,720
Speaker 24: The top two percent will be a big part of it.

1226
00:58:49,760 --> 00:58:55,160
Speaker 24: Everybody's physically capable, everybody's got great skill set across both teams,

1227
00:58:55,200 --> 00:58:57,480
Speaker 24: and so it will come down to a fair amount

1228
00:58:57,480 --> 00:58:59,600
Speaker 24: of will and share desire.

1229
00:59:00,400 --> 00:59:01,800
Speaker 2: Well, we wish you all the very best. With a

1230
00:59:01,840 --> 00:59:04,520
Speaker 2: vit McCausland Drury who's doing the business. She's the hero

1231
00:59:04,560 --> 00:59:09,800
Speaker 2: of this whole story of course, because of course Wendy happened.

1232
00:59:10,400 --> 00:59:13,240
Speaker 2: Then they needed a coach and she was the one

1233
00:59:13,240 --> 00:59:15,600
Speaker 2: who stepped in and saved them because they didn't have

1234
00:59:15,600 --> 00:59:18,640
Speaker 2: a coach that couldn't participate in the Constellation Cup, and

1235
00:59:18,800 --> 00:59:21,320
Speaker 2: I am led to believe that getting a coach might

1236
00:59:21,360 --> 00:59:23,320
Speaker 2: have been an issue for a period of time there

1237
00:59:23,360 --> 00:59:26,200
Speaker 2: So she turns out to be the hero of the story.

1238
00:59:26,480 --> 00:59:30,120
Speaker 2: Good luck to hear Mark Mitchell, Jinny Anderson Politics Wednesday

1239
00:59:30,240 --> 00:59:32,080
Speaker 2: is but moments away.

1240
00:59:32,960 --> 00:59:36,920
Speaker 1: Asking the questions others won't the mic asking Breakfast with

1241
00:59:37,120 --> 00:59:40,360
Speaker 1: the Defender embraced the impossible news talks that'd be.

1242
00:59:41,240 --> 00:59:45,760
Speaker 25: They all knew the magic number, but whether the kids TV.

1243
00:59:47,320 --> 00:59:50,760
Speaker 25: This is where she paused the streams and slips into

1244
00:59:50,800 --> 00:59:55,440
Speaker 25: someone's scream. She's on ter all cards and Jeff simmons.

1245
00:59:56,960 --> 01:00:00,200
Speaker 2: That she's back. It's another one of these. I did something,

1246
01:00:00,320 --> 01:00:02,439
Speaker 2: then I didn't do anything for a long period of time,

1247
01:00:02,440 --> 01:00:04,720
Speaker 2: and then I did something again. So it's four years

1248
01:00:04,720 --> 01:00:07,000
Speaker 2: between albums. She did do that Elton John thing. I

1249
01:00:07,000 --> 01:00:08,840
Speaker 2: think was that last year or was it earlier? This

1250
01:00:08,880 --> 01:00:12,600
Speaker 2: ye can't remember. It's Brandy Carlyle. She then, once she

1251
01:00:12,600 --> 01:00:15,880
Speaker 2: did Elton John, flew to her friend's house in New York.

1252
01:00:16,600 --> 01:00:19,360
Speaker 2: He was in upstate New York, and he locked her

1253
01:00:19,400 --> 01:00:23,000
Speaker 2: in the barn which was furnished, which was useful away

1254
01:00:23,040 --> 01:00:26,760
Speaker 2: from everybody, and she sort of did her thing, and

1255
01:00:26,800 --> 01:00:29,680
Speaker 2: she came up with this, which is called returning to Myself.

1256
01:00:30,880 --> 01:00:32,920
Speaker 2: The only other fun fact I can include is that

1257
01:00:33,640 --> 01:00:38,720
Speaker 2: has the Moog synthesizer that belonged to David Bowie. Now

1258
01:00:39,040 --> 01:00:42,560
Speaker 2: you can hear that, Oh you can hear it. That's good.

1259
01:00:43,240 --> 01:00:44,960
Speaker 2: So we got ten tracks in thirty three minutes and

1260
01:00:45,000 --> 01:00:50,040
Speaker 2: fifteen seconds worth of Brandy a minutes past eight, it

1261
01:00:50,160 --> 01:00:53,520
Speaker 2: is time for Politics Wednesday with us Jenny Anderson and

1262
01:00:53,560 --> 01:00:56,760
Speaker 2: Mark Mitchell. Good morning, good morning, good morning, Good morning, Mike.

1263
01:00:56,800 --> 01:00:57,160
Speaker 2: What did you?

1264
01:00:57,480 --> 01:00:58,280
Speaker 12: Good morning TVA.

1265
01:00:58,840 --> 01:01:01,640
Speaker 2: Now, I won't all the listeners with all of this

1266
01:01:01,880 --> 01:01:05,640
Speaker 2: fine detail because because it's basically your fault, Mark, as

1267
01:01:05,840 --> 01:01:08,080
Speaker 2: we were going to we were going to have you

1268
01:01:08,160 --> 01:01:12,680
Speaker 2: both in the studio because Ginny wanted to announce this

1269
01:01:12,720 --> 01:01:20,720
Speaker 2: morning that she is the leaker of the information done

1270
01:01:21,000 --> 01:01:23,360
Speaker 2: and so she wanted to come she wanted to come

1271
01:01:23,400 --> 01:01:25,200
Speaker 2: clean on that. She just wanted your present for it.

1272
01:01:25,280 --> 01:01:27,400
Speaker 2: But you worry you this morning. Are you still handing

1273
01:01:27,400 --> 01:01:31,400
Speaker 2: out taxpayers money to help the the wind blowing and wet.

1274
01:01:32,240 --> 01:01:35,040
Speaker 22: Yeah, I'm still down the South Island here as in

1275
01:01:35,160 --> 01:01:38,600
Speaker 22: terms of you know, Southland and and Cluth are still

1276
01:01:38,600 --> 01:01:40,680
Speaker 22: in a local state of emergency. There's still a fear

1277
01:01:40,720 --> 01:01:42,800
Speaker 22: bit going on down there in terms of the response

1278
01:01:42,840 --> 01:01:46,440
Speaker 22: and recovery, supporting in particular our rural sector and farmers.

1279
01:01:46,800 --> 01:01:49,320
Speaker 2: Okay, well we'll forgive you for that because the weather

1280
01:01:49,360 --> 01:01:50,200
Speaker 2: beats this program.

1281
01:01:50,280 --> 01:01:50,640
Speaker 11: Now, thank you.

1282
01:01:50,800 --> 01:01:52,600
Speaker 2: A couple of quick questions for you, Ginny, if you

1283
01:01:52,640 --> 01:01:56,280
Speaker 2: can on the capital gains tax, if it was it

1284
01:01:56,400 --> 01:01:58,600
Speaker 2: asked yesterday, and I don't know. I don't think it was.

1285
01:01:59,080 --> 01:02:03,800
Speaker 2: Is there a past, iron guaranteed, rock solid, don't dick

1286
01:02:03,880 --> 01:02:08,040
Speaker 2: me around with the answer. Answer to this is it.

1287
01:02:08,040 --> 01:02:14,000
Speaker 2: It will not be changed, interfered with, adjusted in any way,

1288
01:02:14,080 --> 01:02:17,000
Speaker 2: shape or form as long as Hipkins's leader.

1289
01:02:17,280 --> 01:02:20,320
Speaker 12: That was very clear in the press conference yesterday, Chris

1290
01:02:20,400 --> 01:02:23,560
Speaker 12: Hopkins said that this is the policy that we are

1291
01:02:23,600 --> 01:02:26,080
Speaker 12: taking to the election, and this is the policy that

1292
01:02:26,200 --> 01:02:28,760
Speaker 12: will be implemented if we are the government.

1293
01:02:28,640 --> 01:02:30,920
Speaker 2: And if you wanted to change it, you would go

1294
01:02:30,960 --> 01:02:33,280
Speaker 2: to the people again. If you won in twenty six,

1295
01:02:33,400 --> 01:02:34,480
Speaker 2: you would go in twenty nine.

1296
01:02:34,640 --> 01:02:35,360
Speaker 12: That's exactly right.

1297
01:02:35,360 --> 01:02:39,040
Speaker 2: We've been an adjustment. How angst ridden has been the discussion,

1298
01:02:39,120 --> 01:02:42,680
Speaker 2: hence the leak over wealth slash capital slash camps within camps.

1299
01:02:43,080 --> 01:02:45,800
Speaker 12: It's been a thorough process, and we have lots of

1300
01:02:45,880 --> 01:02:48,760
Speaker 12: layers within the Labor Party where we talk and understand

1301
01:02:48,800 --> 01:02:52,400
Speaker 12: those issues. But we've firmly landed on a capital gains

1302
01:02:52,440 --> 01:02:55,280
Speaker 12: tax in the most simple form because we believe that

1303
01:02:55,280 --> 01:02:58,440
Speaker 12: that's the best way to make our economy more productive

1304
01:02:58,480 --> 01:02:59,520
Speaker 12: than what it currently is.

1305
01:03:00,080 --> 01:03:02,960
Speaker 2: Can you if I wrap my properties up in a

1306
01:03:03,040 --> 01:03:06,680
Speaker 2: business and you're not taxing the gains of a business.

1307
01:03:07,200 --> 01:03:09,640
Speaker 2: Is the business then open to a capital gains tax.

1308
01:03:10,320 --> 01:03:13,240
Speaker 12: Whatever you put your property in can't hide it if

1309
01:03:13,280 --> 01:03:15,240
Speaker 12: you're selling it for a profit. So, whether that's a

1310
01:03:15,280 --> 01:03:18,640
Speaker 12: family trust or some sort of other structure, if it's

1311
01:03:18,680 --> 01:03:21,480
Speaker 12: an extra property to the family home and you sell

1312
01:03:21,520 --> 01:03:24,040
Speaker 12: it after the first of July twenty twenty seven, you

1313
01:03:24,040 --> 01:03:25,800
Speaker 12: will pay tax on the profit you make.

1314
01:03:26,000 --> 01:03:30,240
Speaker 2: Okay, Mark, would you repeal it and flip it? Yeah?

1315
01:03:30,280 --> 01:03:33,640
Speaker 22: Absolutely, This is make no mistake. This is a trojan horse.

1316
01:03:33,640 --> 01:03:35,800
Speaker 22: As soon as I saw the announcement, I mean, Chris

1317
01:03:35,840 --> 01:03:38,960
Speaker 22: Hipkins two years ago said we won't have a capital

1318
01:03:39,000 --> 01:03:41,919
Speaker 22: gains tax. Now they've got a capital gains tax. This

1319
01:03:42,120 --> 01:03:44,200
Speaker 22: is a trojan horse. Of course, they want to come

1320
01:03:44,240 --> 01:03:47,040
Speaker 22: after farms, they want to come after residential property. And

1321
01:03:47,080 --> 01:03:49,400
Speaker 22: what they'll do is if they're in a position former

1322
01:03:49,440 --> 01:03:51,680
Speaker 22: government next you with the Greens and to Party Mary,

1323
01:03:51,960 --> 01:03:54,200
Speaker 22: they'll just say, oh, as part of the coalition agreement

1324
01:03:54,240 --> 01:03:56,120
Speaker 22: Greens and too Party Mary, who of course we know

1325
01:03:56,560 --> 01:03:58,480
Speaker 22: don't just want to CGT. They want a wealth tax

1326
01:03:58,520 --> 01:04:01,680
Speaker 22: and all sorts of other taxes as part of that agreement. No, sorry,

1327
01:04:01,720 --> 01:04:04,920
Speaker 22: we're going to have to go after you resident, your

1328
01:04:04,920 --> 01:04:07,720
Speaker 22: homes and your farms as well. This is an absolute

1329
01:04:07,720 --> 01:04:09,440
Speaker 22: trojan horse, without a doubt.

1330
01:04:09,520 --> 01:04:12,080
Speaker 2: What is that possible, Ginny, It's not possible.

1331
01:04:12,240 --> 01:04:13,720
Speaker 12: I mean, I'd like to go back to we think

1332
01:04:13,760 --> 01:04:15,760
Speaker 12: what the problem is, and I look back and I

1333
01:04:15,800 --> 01:04:18,280
Speaker 12: think New Zealand post World War two number three. I

1334
01:04:18,280 --> 01:04:22,560
Speaker 12: think four in the OECD for our earnings, our product productivity.

1335
01:04:23,040 --> 01:04:25,400
Speaker 12: Now we're sitting right at the bottom of the third

1336
01:04:25,480 --> 01:04:28,000
Speaker 12: for those rankings. And if you ask me what, there's

1337
01:04:28,120 --> 01:04:30,600
Speaker 12: one single thing that's caused us to drop that far.

1338
01:04:30,960 --> 01:04:33,320
Speaker 12: It's the fact that we've been largely buying and selling

1339
01:04:33,320 --> 01:04:34,360
Speaker 12: houses off each other.

1340
01:04:34,680 --> 01:04:35,400
Speaker 2: Right, okay, but.

1341
01:04:35,400 --> 01:04:39,440
Speaker 22: Yeah, thanks, thanks thanks to labor. Because you borrowed way

1342
01:04:39,480 --> 01:04:42,280
Speaker 22: too much money. Inflation went through the roof interest rate.

1343
01:04:42,320 --> 01:04:43,200
Speaker 12: It's nothing to do with that.

1344
01:04:44,960 --> 01:04:46,800
Speaker 22: It is absolutely it's everything to do it. We get

1345
01:04:46,800 --> 01:04:49,080
Speaker 22: into the cycle where you guys come in, you borrow

1346
01:04:49,080 --> 01:04:50,720
Speaker 22: a whole lot of money, you splash it around. We've

1347
01:04:50,720 --> 01:04:52,560
Speaker 22: got nothing to show for it. We have to come

1348
01:04:52,600 --> 01:04:55,080
Speaker 22: in and actually tidy things up, get the economy going again.

1349
01:04:55,360 --> 01:04:57,720
Speaker 22: And the problem is every cycle that we do, you

1350
01:04:57,760 --> 01:04:59,360
Speaker 22: do more damage each time we go through.

1351
01:04:59,520 --> 01:05:02,520
Speaker 2: To be fair. The thing about this is that there

1352
01:05:02,600 --> 01:05:05,480
Speaker 2: is a good ideological debate coming in the election campaign,

1353
01:05:05,520 --> 01:05:07,200
Speaker 2: so you can argue it and you can make up

1354
01:05:07,240 --> 01:05:09,240
Speaker 2: your mind. But to go back to that coalition point

1355
01:05:09,240 --> 01:05:12,800
Speaker 2: that Marks made, so there is absolutely no chance of

1356
01:05:12,840 --> 01:05:16,200
Speaker 2: the Greens amending your policy in any way, shape or

1357
01:05:16,240 --> 01:05:19,800
Speaker 2: form within the coalition agreement if you were in that position.

1358
01:05:20,120 --> 01:05:22,440
Speaker 12: We've been very clear on that. Barbara Edmonds will be

1359
01:05:22,560 --> 01:05:24,840
Speaker 12: the Minister of Finance and it is this model that

1360
01:05:24,880 --> 01:05:25,920
Speaker 12: we will be implementing.

1361
01:05:26,000 --> 01:05:28,640
Speaker 2: That would be a bottom line. Absolutely, so it may

1362
01:05:28,680 --> 01:05:30,600
Speaker 2: well be sorry mate.

1363
01:05:30,360 --> 01:05:34,520
Speaker 22: Yeah, basically she's just said right here and now that

1364
01:05:34,680 --> 01:05:38,000
Speaker 22: Labor will not negotiate with the Greens or to Party

1365
01:05:38,080 --> 01:05:42,080
Speaker 22: Mary around any CGT or tax or any economic policies.

1366
01:05:42,160 --> 01:05:44,680
Speaker 22: That's what she's saying. That is complete. Who's going to

1367
01:05:44,720 --> 01:05:47,920
Speaker 22: believe that it is absolutely rubbish? Of course, that is

1368
01:05:47,920 --> 01:05:50,439
Speaker 22: what MMP is, jinny, is that you have to make

1369
01:05:50,480 --> 01:05:51,760
Speaker 22: compromise and concessions.

1370
01:05:51,800 --> 01:05:52,880
Speaker 11: That is how it works.

1371
01:05:53,320 --> 01:05:55,360
Speaker 22: You don't get to say you just come out clearly

1372
01:05:55,400 --> 01:05:58,000
Speaker 22: and said no, there's going to be absolutely no compromised.

1373
01:05:58,040 --> 01:05:58,760
Speaker 22: So that's your position.

1374
01:05:58,800 --> 01:06:00,680
Speaker 2: Well, you can have bottom line, it's brief break more

1375
01:06:00,680 --> 01:06:03,000
Speaker 2: in a moment, Jinny Anderson, Mark Mitchell thirteen past.

1376
01:06:03,680 --> 01:06:09,000
Speaker 1: The Mike Hosking Breakfast Full Show podcast on iheartradiow By News.

1377
01:06:08,760 --> 01:06:12,920
Speaker 2: Talksp News Talks at A sixteen minutes past six. Just

1378
01:06:12,960 --> 01:06:15,280
Speaker 2: for public declaration. By the way, Jinny Anderson is with

1379
01:06:15,360 --> 01:06:17,200
Speaker 2: us in the studio. Mark Mitchell's with us as well.

1380
01:06:17,840 --> 01:06:20,320
Speaker 2: Just this is for the record. Ginny brought me a

1381
01:06:20,360 --> 01:06:24,960
Speaker 2: gift which I which I am now declaring it's under

1382
01:06:26,480 --> 01:06:28,000
Speaker 2: Oh that's disappointing. I'll give it away.

1383
01:06:28,280 --> 01:06:28,440
Speaker 4: Ah.

1384
01:06:28,600 --> 01:06:30,960
Speaker 2: So Jenny brought me a gift, So I'm just a

1385
01:06:31,000 --> 01:06:32,000
Speaker 2: clearing that for everybody.

1386
01:06:32,000 --> 01:06:33,280
Speaker 12: But well, can I say where it's from?

1387
01:06:33,600 --> 01:06:35,000
Speaker 2: You can say is wrong.

1388
01:06:35,040 --> 01:06:38,240
Speaker 12: It's from Labella Italia, which is a wonderful little business

1389
01:06:38,240 --> 01:06:39,320
Speaker 12: in the TONI that does one.

1390
01:06:40,120 --> 01:06:43,160
Speaker 2: I'm from Wellington. Oh no, that's that's that's not necessarily

1391
01:06:43,440 --> 01:06:47,400
Speaker 2: break in Auckland. We have shops that sell wine. Ah right,

1392
01:06:47,520 --> 01:06:48,360
Speaker 2: also from Italy.

1393
01:06:48,480 --> 01:06:49,280
Speaker 12: I don't know where they are.

1394
01:06:49,480 --> 01:06:51,680
Speaker 22: Thought I thought it was going to be act if

1395
01:06:51,680 --> 01:06:53,320
Speaker 22: we're in sweat beans to.

1396
01:06:52,800 --> 01:06:57,240
Speaker 2: Go, I'm going to get to.

1397
01:06:58,800 --> 01:07:01,240
Speaker 22: The problem is the hot your place, Theusginna. They got

1398
01:07:01,280 --> 01:07:03,680
Speaker 22: to put their prices up because they've got your text.

1399
01:07:04,920 --> 01:07:09,360
Speaker 2: I don't want to think about you and hot yoga anymore. Now, look,

1400
01:07:09,400 --> 01:07:11,720
Speaker 2: there's there's a report weird out. Normally I've got some

1401
01:07:11,760 --> 01:07:13,840
Speaker 2: time for the New Zealand Initiative, but they put out

1402
01:07:13,840 --> 01:07:16,680
Speaker 2: this celebrating I don't know that's the right word, celebrating

1403
01:07:16,680 --> 01:07:19,280
Speaker 2: thirty years of MMP. So there's reports out this morning.

1404
01:07:19,720 --> 01:07:22,320
Speaker 2: They want to extend the parliament to four years. Ginny,

1405
01:07:22,360 --> 01:07:23,800
Speaker 2: you would say that's fair enough, wouldn't you. I think

1406
01:07:23,800 --> 01:07:25,480
Speaker 2: you're a fan of supportive of four years.

1407
01:07:25,520 --> 01:07:27,560
Speaker 12: I think free is not long enough to implement long

1408
01:07:27,640 --> 01:07:28,120
Speaker 12: term change.

1409
01:07:28,160 --> 01:07:30,120
Speaker 2: Okay, and Mark you you're with four, weren't you? Didn't

1410
01:07:30,120 --> 01:07:31,960
Speaker 2: you say you were with four? Yeah?

1411
01:07:32,000 --> 01:07:32,320
Speaker 11: Support?

1412
01:07:32,640 --> 01:07:34,840
Speaker 2: Okay, so four? But then they go, what we need

1413
01:07:34,840 --> 01:07:37,440
Speaker 2: are more MPs. We need to go from one twenty

1414
01:07:37,880 --> 01:07:41,880
Speaker 2: to one one seventy definitely.

1415
01:07:41,480 --> 01:07:43,760
Speaker 12: Not yeah, and that's a lot, it's a lot of emp.

1416
01:07:48,080 --> 01:07:52,000
Speaker 2: Well, if the building, Ginny could that's that practical thing again,

1417
01:07:52,080 --> 01:07:54,080
Speaker 2: isn't it? So say they could take one seventy would

1418
01:07:54,080 --> 01:07:55,520
Speaker 2: you want to what's the point? I can't see the

1419
01:07:55,560 --> 01:07:56,360
Speaker 2: point of one twenty.

1420
01:07:57,200 --> 01:07:59,600
Speaker 12: Well i'd have to see the breakdown and see what

1421
01:07:59,640 --> 01:08:02,440
Speaker 12: they do. But I think the general public whatever a

1422
01:08:02,520 --> 01:08:05,000
Speaker 12: problem with paying that much money for more MPACE.

1423
01:08:05,080 --> 01:08:08,240
Speaker 2: I would have thought so, Mark Overhang, seats would be scrapped.

1424
01:08:08,240 --> 01:08:11,680
Speaker 2: Would you go along with that? Yeah, I would. I

1425
01:08:11,760 --> 01:08:13,960
Speaker 2: get a lot I'd get rid of. That's just me personally.

1426
01:08:13,960 --> 01:08:16,519
Speaker 22: It's not a party position, but just me personally. Yeah,

1427
01:08:16,560 --> 01:08:18,360
Speaker 22: because I'd rather go the other way. I think we

1428
01:08:18,560 --> 01:08:21,080
Speaker 22: need I don't think it would impact the country at all,

1429
01:08:21,080 --> 01:08:22,640
Speaker 22: as if we had less in peace.

1430
01:08:22,560 --> 01:08:24,920
Speaker 2: No in set of more exactly, And they want the

1431
01:08:25,040 --> 01:08:28,040
Speaker 2: executive to go from twenty to fifty? Is there any reason?

1432
01:08:29,000 --> 01:08:29,920
Speaker 2: Is there any reason?

1433
01:08:31,040 --> 01:08:31,719
Speaker 22: That's crazy?

1434
01:08:31,800 --> 01:08:34,000
Speaker 2: Well, it's in the cabinet. So you're happy with twenty

1435
01:08:34,080 --> 01:08:35,880
Speaker 2: or twenty eight or whatever the number is at the moment,

1436
01:08:35,960 --> 01:08:37,519
Speaker 2: or could you do it with fifteen?

1437
01:08:38,240 --> 01:08:40,920
Speaker 22: It feels about right at the moment. Yeah, But I

1438
01:08:40,960 --> 01:08:43,640
Speaker 22: mean all these things should be on constant review, but

1439
01:08:43,640 --> 01:08:44,840
Speaker 22: now it feels about it right at the moment.

1440
01:08:44,920 --> 01:08:47,760
Speaker 12: What about you, Jinny, I think that would be You know,

1441
01:08:47,800 --> 01:08:50,400
Speaker 12: I've sat in that cabinet room and these robust discussions.

1442
01:08:50,439 --> 01:08:53,480
Speaker 12: I can't really imagine how they would be more productive

1443
01:08:53,520 --> 01:08:55,760
Speaker 12: with more people around the table. I mean, yes, you

1444
01:08:55,840 --> 01:08:58,760
Speaker 12: might have the benefit of more people being represented or

1445
01:08:58,760 --> 01:09:02,280
Speaker 12: more parties. But I don't know. Yeah, I can see

1446
01:09:02,280 --> 01:09:05,640
Speaker 12: that bank scraped O the hang. I'd like to know

1447
01:09:05,680 --> 01:09:07,320
Speaker 12: how they do it. Then, how do they adjust it

1448
01:09:07,360 --> 01:09:08,840
Speaker 12: when we get these situations?

1449
01:09:08,880 --> 01:09:11,880
Speaker 2: No, the Murray party being the classic over Yeah, so if.

1450
01:09:11,760 --> 01:09:13,799
Speaker 12: They've got a better solution to that, I'll be interested

1451
01:09:13,840 --> 01:09:14,680
Speaker 12: to know what it is.

1452
01:09:14,760 --> 01:09:18,120
Speaker 2: Do you worry also about that? They argue the integrity

1453
01:09:18,200 --> 01:09:20,320
Speaker 2: risks around what they're calling their special boats. So the

1454
01:09:20,400 --> 01:09:23,360
Speaker 2: number of special boats is exploded and there's some sort

1455
01:09:23,360 --> 01:09:25,760
Speaker 2: of quote unquote integrity risk. Do you see that or not?

1456
01:09:26,160 --> 01:09:28,599
Speaker 12: I think the integrity risk is this government telling people

1457
01:09:28,640 --> 01:09:31,160
Speaker 12: that they can't enroll to vote in the early voting period.

1458
01:09:31,160 --> 01:09:34,240
Speaker 12: That really undermines democracy in New Zealand. That's more of

1459
01:09:34,280 --> 01:09:36,280
Speaker 12: a concern that aside.

1460
01:09:36,000 --> 01:09:39,080
Speaker 2: The political point that aside. But I mean the votes

1461
01:09:39,120 --> 01:09:41,080
Speaker 2: a boat. I mean, we're not worried about votes in

1462
01:09:41,080 --> 01:09:42,680
Speaker 2: this country being RIGGEDAWI.

1463
01:09:42,360 --> 01:09:44,000
Speaker 12: Or are we We want to make it as easy

1464
01:09:44,000 --> 01:09:46,120
Speaker 12: as possible for people to vote, but we want to

1465
01:09:46,120 --> 01:09:48,840
Speaker 12: make sure that the Electoral Commission is adequately resourced to

1466
01:09:48,840 --> 01:09:50,640
Speaker 12: be able to make sure that they can hold their

1467
01:09:50,680 --> 01:09:51,880
Speaker 12: heads up and say it was done right.

1468
01:09:52,000 --> 01:09:52,720
Speaker 2: What about you, mate.

1469
01:09:53,880 --> 01:09:57,080
Speaker 22: I just think that you know, we've made major sacrifices

1470
01:09:57,120 --> 01:09:59,599
Speaker 22: as a country, as a nation to have the open

1471
01:09:59,600 --> 01:10:01,479
Speaker 22: to mocks that we have. We should be very proud

1472
01:10:01,520 --> 01:10:03,439
Speaker 22: of it. And if you want to vote, put a

1473
01:10:03,439 --> 01:10:05,439
Speaker 22: little bit of effort into it, show that you're actually

1474
01:10:05,479 --> 01:10:08,640
Speaker 22: prepared to get out there and get registered before the

1475
01:10:08,680 --> 01:10:10,920
Speaker 22: election instead of waiting around and have everything handed to

1476
01:10:10,960 --> 01:10:14,160
Speaker 22: you on a silver platter. This is classic socialism where

1477
01:10:14,200 --> 01:10:16,679
Speaker 22: they want everyone dependent on the government have a little

1478
01:10:16,680 --> 01:10:19,240
Speaker 22: bit of personal responsibility. Get out there, register and vote.

1479
01:10:19,360 --> 01:10:22,200
Speaker 2: Final question for both of you didn't get enough coverage

1480
01:10:22,200 --> 01:10:24,080
Speaker 2: in my humble opinion, but Winston was at the Oxford

1481
01:10:24,160 --> 01:10:26,479
Speaker 2: Union over the weekend and you argue that the New

1482
01:10:26,600 --> 01:10:30,200
Speaker 2: Zealand courts are undermining democracy. Jinny, are they?

1483
01:10:30,360 --> 01:10:32,840
Speaker 12: I don't agree with that at all. I think our

1484
01:10:33,000 --> 01:10:36,760
Speaker 12: courts are part of our democracy. They keep government in

1485
01:10:36,880 --> 01:10:39,519
Speaker 12: check and they're part of our system, and they work together.

1486
01:10:39,640 --> 01:10:42,160
Speaker 12: One doesn't override the other. They're part of the same

1487
01:10:42,240 --> 01:10:45,560
Speaker 12: system and in fact they support an encourage democracy.

1488
01:10:45,800 --> 01:10:48,960
Speaker 22: Okay, Mark, Yeah, I mean, ministers, we've got to be

1489
01:10:49,040 --> 01:10:53,120
Speaker 22: very careful about criticizing jud all specific court decisions. However,

1490
01:10:53,120 --> 01:10:55,120
Speaker 22: as a government. We've sent some clear messages that we

1491
01:10:55,200 --> 01:10:57,760
Speaker 22: don't agree with trends that have been emerging, like large

1492
01:10:57,800 --> 01:11:01,840
Speaker 22: discounts at sentencing. I've seen us cap those at forty percent.

1493
01:11:02,640 --> 01:11:04,519
Speaker 22: I just think that, yes, it's a very important that

1494
01:11:04,520 --> 01:11:07,360
Speaker 22: there's a separation, but there's also it's comment upon the

1495
01:11:07,439 --> 01:11:10,320
Speaker 22: judiciary to understand what the intent of the government is

1496
01:11:10,320 --> 01:11:13,639
Speaker 22: when they pass legislation. And I'm going through we're going

1497
01:11:13,640 --> 01:11:15,840
Speaker 22: through this process right now with gang picture has been

1498
01:11:15,840 --> 01:11:19,080
Speaker 22: given back to gangs and the police having appealed that decision.

1499
01:11:19,360 --> 01:11:22,680
Speaker 2: Oh, actually, before I forget quick questions, someone Chambers was

1500
01:11:22,720 --> 01:11:25,200
Speaker 2: complaining yesterday that he would have expected a phone call

1501
01:11:25,200 --> 01:11:27,919
Speaker 2: from the Northern Territory guy who's back in raiding our police.

1502
01:11:28,400 --> 01:11:30,240
Speaker 2: Why is that a thing? If they want to come

1503
01:11:30,240 --> 01:11:31,800
Speaker 2: and hire people from your why can't they.

1504
01:11:32,880 --> 01:11:36,599
Speaker 22: They've got major problems in Australia with recruitment and retention

1505
01:11:36,760 --> 01:11:39,000
Speaker 22: and they see how police officers has been world class,

1506
01:11:39,040 --> 01:11:40,800
Speaker 22: which they are. That's good and that is why they

1507
01:11:40,800 --> 01:11:43,639
Speaker 22: come here. We've launched our own little campaign to bring

1508
01:11:43,720 --> 01:11:45,800
Speaker 22: police back and some are starting to come back.

1509
01:11:45,880 --> 01:11:48,439
Speaker 2: So you don't have a problem the Rginia. If they

1510
01:11:48,439 --> 01:11:49,960
Speaker 2: want to recruit they can recruit coming.

1511
01:11:50,200 --> 01:11:52,120
Speaker 12: You can't really stop them, but we can stop it

1512
01:11:52,160 --> 01:11:54,679
Speaker 12: by paying them more like if they're starting police officer

1513
01:11:54,680 --> 01:11:56,400
Speaker 12: who put their life on the line next day got

1514
01:11:56,560 --> 01:11:59,120
Speaker 12: paid more than sixty five thousand dollars a year that

1515
01:11:59,160 --> 01:12:00,000
Speaker 12: we will to be at rest.

1516
01:12:00,000 --> 01:12:02,479
Speaker 22: I would love to Jenny, I would love to play

1517
01:12:02,840 --> 01:12:05,479
Speaker 22: pay our police officers war. You go out and borrow

1518
01:12:05,560 --> 01:12:08,280
Speaker 22: so much money that we're paying nine billion dollars an

1519
01:12:08,280 --> 01:12:09,479
Speaker 22: annual interest.

1520
01:12:09,880 --> 01:12:11,080
Speaker 15: So if you stopped, we had a.

1521
01:12:11,000 --> 01:12:15,360
Speaker 12: More productive comment whereas we're doing great, we're doing great,

1522
01:12:15,400 --> 01:12:16,280
Speaker 12: we'll break three.

1523
01:12:16,880 --> 01:12:18,880
Speaker 22: So you're so you're kepul Gains Texas.

1524
01:12:19,000 --> 01:12:20,960
Speaker 12: We just said the same stuff again and again. We'll

1525
01:12:20,960 --> 01:12:21,960
Speaker 12: all be in the national Party.

1526
01:12:22,040 --> 01:12:27,040
Speaker 22: We don't want there, so we want c g T

1527
01:12:27,200 --> 01:12:29,360
Speaker 22: wealth text and all the rest of the reality. Is

1528
01:12:29,360 --> 01:12:31,360
Speaker 22: this why you cannot trust Chris Sippins one.

1529
01:12:31,439 --> 01:12:34,000
Speaker 12: We've got to do it definitely, make you know it's broken.

1530
01:12:34,640 --> 01:12:37,760
Speaker 12: Leaving taken off and plan a day come.

1531
01:12:38,400 --> 01:12:38,760
Speaker 19: It was.

1532
01:12:41,240 --> 01:12:44,639
Speaker 12: What everyone wants to here. We need to change eur future,

1533
01:12:44,680 --> 01:12:45,920
Speaker 12: give our kids to hear in.

1534
01:12:45,840 --> 01:12:49,320
Speaker 2: New Zealand were fighting for. If you've been drinking the

1535
01:12:49,360 --> 01:12:52,280
Speaker 2: multiple mark, nice to see you and Jenny good to

1536
01:12:52,320 --> 01:12:54,000
Speaker 2: see you and appreciate your coming as well. See you

1537
01:12:54,040 --> 01:12:54,400
Speaker 2: next week.

1538
01:12:56,600 --> 01:12:59,679
Speaker 1: The Mike Hosking Breakfast with the Defender and News togs

1539
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Speaker 1: Head and a.

1540
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Speaker 2: Company that backs themselves so much that they let you

1541
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Speaker 2: bring the product back anytime you heard it. And the

1542
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Speaker 2: price you pay today, well that's locked in for life

1543
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Speaker 2: as well. So this is resonate Health's unlimited Hearing Aids

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Speaker 2: hearing care design to give you confidence, security and peace

1549
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1550
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1551
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1552
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1553
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1554
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Speaker 2: sixty six two online at resonatethealth dot co dot nzet

1555
01:13:41,120 --> 01:13:46,080
Speaker 2: that's resonatehealth dot co dot nz where better hearing starts

1556
01:13:46,080 --> 01:13:49,960
Speaker 2: with trust I eight hundred seven three seven sixty six

1557
01:13:50,120 --> 01:13:53,680
Speaker 2: two lasking. Chinese are trying to regulate the net, so

1558
01:13:53,920 --> 01:13:59,679
Speaker 2: in first blush new regulations requiring influences who are discussing

1559
01:13:59,720 --> 01:14:04,240
Speaker 2: pational topics to hold formal qualifications in those fields. Content

1560
01:14:04,320 --> 01:14:08,240
Speaker 2: creators addressing medicine law, educational finance must provide proof of expertise,

1561
01:14:08,280 --> 01:14:13,599
Speaker 2: degree certifications or professional credentials. Creators must clearly state wheen

1562
01:14:13,840 --> 01:14:16,679
Speaker 2: and where the information comes from and where they studied

1563
01:14:16,840 --> 01:14:21,439
Speaker 2: their particular of a good speciality. Seems not unreasonable given

1564
01:14:21,479 --> 01:14:23,639
Speaker 2: what you read online on any given day, doesn't it

1565
01:14:23,720 --> 01:14:25,320
Speaker 2: news for you in a couple of moments. Then Now

1566
01:14:25,400 --> 01:14:27,599
Speaker 2: lot's going on in Australia this morning, and Steve Price

1567
01:14:27,760 --> 01:14:29,840
Speaker 2: is the main for us. He is next here on

1568
01:14:29,880 --> 01:14:31,520
Speaker 2: the my Casking Breakfast.

1569
01:14:32,560 --> 01:14:36,040
Speaker 1: Tough on Power, Sharp on Insight, the my Casking Breakfast

1570
01:14:36,360 --> 01:14:39,840
Speaker 1: with Bailey's real Estate finding the buyers others can't use

1571
01:14:39,920 --> 01:14:40,479
Speaker 1: TODs dead b.

1572
01:14:41,160 --> 01:14:43,519
Speaker 2: Quite interesting in terms of it. I often talk about

1573
01:14:43,520 --> 01:14:45,080
Speaker 2: it on the program that we talk about you know,

1574
01:14:45,120 --> 01:14:46,559
Speaker 2: the food prices go up and ever and goes Oh

1575
01:14:46,600 --> 01:14:48,360
Speaker 2: I god, food past has gone up five percent. We

1576
01:14:48,360 --> 01:14:51,639
Speaker 2: talk about inflation around food and things like that, how

1577
01:14:51,720 --> 01:14:54,360
Speaker 2: inflation affects each and every single one of us varies,

1578
01:14:54,479 --> 01:14:57,200
Speaker 2: and this is why the stats do what I think

1579
01:14:57,320 --> 01:14:59,320
Speaker 2: is an invaluable service, and that came out yesterday. The

1580
01:14:59,360 --> 01:15:02,360
Speaker 2: latest SIPT TEMP quarter numbers came out yesterday, and so

1581
01:15:02,439 --> 01:15:05,720
Speaker 2: the average New Zealand household is experiencing two point four

1582
01:15:05,760 --> 01:15:09,320
Speaker 2: percent of inflation. Now, the value of that as inflation isn't,

1583
01:15:09,320 --> 01:15:11,920
Speaker 2: of course two point four percent. It's higher than that,

1584
01:15:12,439 --> 01:15:14,519
Speaker 2: and on the last quarter it was three percent. So

1585
01:15:14,560 --> 01:15:17,519
Speaker 2: we're actually you and I in general, on average, are

1586
01:15:17,520 --> 01:15:20,840
Speaker 2: doing better than the overall inflation because that's inflation is

1587
01:15:20,880 --> 01:15:24,240
Speaker 2: a very individual sort of experience. Because our inflation number

1588
01:15:24,720 --> 01:15:27,000
Speaker 2: includes the fifteen and a half percent drop in mortgage

1589
01:15:27,000 --> 01:15:30,440
Speaker 2: interest payments, So if you're into mortgages, you are materially

1590
01:15:30,520 --> 01:15:34,880
Speaker 2: better off, and therefore your your inflation story is better. Again,

1591
01:15:34,880 --> 01:15:37,599
Speaker 2: but then they break it down further and the highest

1592
01:15:37,600 --> 01:15:40,160
Speaker 2: spending households in this country actually have an annual inflation

1593
01:15:40,320 --> 01:15:43,639
Speaker 2: rate of zero point eight. Now, the value of knowing

1594
01:15:43,720 --> 01:15:46,200
Speaker 2: that number is it goes some way to explaining a

1595
01:15:46,200 --> 01:15:49,479
Speaker 2: couple of things. One, the highest spending households, of course,

1596
01:15:49,520 --> 01:15:52,320
Speaker 2: have the money, and they've got the jobs, and they're

1597
01:15:52,320 --> 01:15:54,200
Speaker 2: out there in the economy so every time you see

1598
01:15:54,240 --> 01:15:55,920
Speaker 2: something in the economy, you go, well, what a minute

1599
01:15:55,960 --> 01:15:58,000
Speaker 2: that that restaurant was absolutely full of Well, wait a minute,

1600
01:15:58,000 --> 01:15:59,879
Speaker 2: I saw a business class on the planet. It was chocolatelock.

1601
01:16:00,040 --> 01:16:03,320
Speaker 2: Everyone was in Europe for July. That's those people, because

1602
01:16:03,320 --> 01:16:05,679
Speaker 2: they're doing well, they're doing better three point nine percent

1603
01:16:05,720 --> 01:16:09,080
Speaker 2: for supernuitants, though beneficiaries at three point four percent, the

1604
01:16:09,120 --> 01:16:11,320
Speaker 2: lowest spending households and at four percent, So that's a

1605
01:16:11,400 --> 01:16:14,799
Speaker 2: material difference. The lowes spinning household has four percent inflation,

1606
01:16:14,800 --> 01:16:17,679
Speaker 2: the high spinning household has zero point eight. And part

1607
01:16:17,720 --> 01:16:21,799
Speaker 2: of that equation is rents. Rents increase two point six percent,

1608
01:16:21,800 --> 01:16:24,120
Speaker 2: and rents make up twenty nine let's call it thirty

1609
01:16:24,160 --> 01:16:28,720
Speaker 2: percent of beneficiary household expenditure. So if your main expenses

1610
01:16:28,760 --> 01:16:30,920
Speaker 2: are going up and there's nothing much you can do

1611
01:16:31,040 --> 01:16:34,680
Speaker 2: about it, that's where your inflation comes in, whereas it's

1612
01:16:34,720 --> 01:16:37,280
Speaker 2: only five percent for the highest spending households. In other words,

1613
01:16:37,280 --> 01:16:40,120
Speaker 2: not many high spending households rent, but those who do

1614
01:16:40,200 --> 01:16:44,000
Speaker 2: can afford it more easily. So overall all households two

1615
01:16:44,040 --> 01:16:48,400
Speaker 2: point four, beneficiary three point four, supernuitants three point nine,

1616
01:16:48,880 --> 01:16:53,120
Speaker 2: the richest zero point eight. The lowest expenditure households four percent,

1617
01:16:53,439 --> 01:16:56,280
Speaker 2: So it's a huge variation and every story is individual

1618
01:16:56,320 --> 01:16:58,719
Speaker 2: twenty one to nine asking why.

1619
01:16:58,760 --> 01:17:02,840
Speaker 16: Let's international correspondence with ends and eye insurance, peace of

1620
01:17:02,880 --> 01:17:04,120
Speaker 16: mind for New Zealand.

1621
01:17:03,840 --> 01:17:05,559
Speaker 2: Business, our old makes place with us.

1622
01:17:05,560 --> 01:17:07,439
Speaker 11: Morning to you, good adam.

1623
01:17:07,680 --> 01:17:10,880
Speaker 2: Now we have gone through this a lot in this country.

1624
01:17:11,040 --> 01:17:13,240
Speaker 2: So is this story that you're about to tell us

1625
01:17:13,400 --> 01:17:17,320
Speaker 2: new and if it is, is their outrage in Melbourne

1626
01:17:17,360 --> 01:17:19,120
Speaker 2: in the hospital and indigenous patients.

1627
01:17:20,000 --> 01:17:22,600
Speaker 11: Yes to all of those questions. And it was a

1628
01:17:22,800 --> 01:17:26,080
Speaker 11: story that was first revealed by the Heraldson newspaper in

1629
01:17:26,120 --> 01:17:29,479
Speaker 11: Melbourne yesterday. Involved in Vincent's Hospital, one of the biggest

1630
01:17:29,560 --> 01:17:32,880
Speaker 11: hospitals in Melbourne. It has a public and private arm

1631
01:17:33,560 --> 01:17:36,479
Speaker 11: and it was discovered that if you turn up in

1632
01:17:36,600 --> 01:17:39,920
Speaker 11: the emergency department, so this is not just turning up

1633
01:17:40,360 --> 01:17:42,320
Speaker 11: to have a check up. If you're in the ED

1634
01:17:43,080 --> 01:17:47,120
Speaker 11: and you tick a box saying you are identify as Indigenous,

1635
01:17:47,720 --> 01:17:51,280
Speaker 11: then that hospital has a policy in official policy to

1636
01:17:51,360 --> 01:17:55,080
Speaker 11: treat all Indigenous patients within thirty minutes of their arrival

1637
01:17:55,520 --> 01:17:58,080
Speaker 11: and putting them ahead in the queue. So you all

1638
01:17:58,200 --> 01:18:01,560
Speaker 11: turn up as stage four then triarged, and if you

1639
01:18:01,640 --> 01:18:04,120
Speaker 11: stay at stage four you sit around waiting to get treated,

1640
01:18:04,439 --> 01:18:07,439
Speaker 11: but if you get ticked off a stage three then

1641
01:18:07,520 --> 01:18:10,000
Speaker 11: you get seen within thirty minutes. Well this has just

1642
01:18:10,160 --> 01:18:14,840
Speaker 11: caused complete outrage. I mean people here presumed me included

1643
01:18:14,880 --> 01:18:16,840
Speaker 11: that if you are sick enough to go to an eed,

1644
01:18:17,960 --> 01:18:21,040
Speaker 11: you are treated based on how badly off you are,

1645
01:18:21,120 --> 01:18:22,920
Speaker 11: how sick you are, or what your wound is, you've

1646
01:18:22,920 --> 01:18:25,479
Speaker 11: broken arm or whatever. It turns out that that's not

1647
01:18:25,600 --> 01:18:28,639
Speaker 11: the case. And this is put to the Premier yesterday,

1648
01:18:28,680 --> 01:18:30,080
Speaker 11: and I would have thought she would have said, oh no,

1649
01:18:30,200 --> 01:18:32,719
Speaker 11: it's beat up. It's not true. It's not happening everywhere.

1650
01:18:33,040 --> 01:18:35,479
Speaker 11: She actually defended it. She labeled the initiative quote a

1651
01:18:35,520 --> 01:18:40,040
Speaker 11: good example of hospital leadership improving processes to get better

1652
01:18:40,280 --> 01:18:44,840
Speaker 11: outcomes for particularly vulnerable groups. Now this shouldn't surprise me,

1653
01:18:44,880 --> 01:18:47,640
Speaker 11: I know, but it has. And Victoria, of course, this

1654
01:18:47,800 --> 01:18:53,480
Speaker 11: week in Parliament will pass their treaty negotiations with Indigenous Victorians.

1655
01:18:53,600 --> 01:18:55,720
Speaker 11: That will be the first time that there will be

1656
01:18:55,800 --> 01:18:59,920
Speaker 11: an official treaty that it will be signed in Australia.

1657
01:19:00,640 --> 01:19:02,679
Speaker 11: And of course this is all in a country where

1658
01:19:03,040 --> 01:19:05,360
Speaker 11: we had a referendum about creating a second voice to

1659
01:19:05,400 --> 01:19:08,240
Speaker 11: part it the people that know. Laura Mundine was one

1660
01:19:08,280 --> 01:19:12,280
Speaker 11: of those who led that campaign against the Voice. He said, look,

1661
01:19:12,320 --> 01:19:14,559
Speaker 11: we aren't asking for anything other than to be treated

1662
01:19:14,680 --> 01:19:18,479
Speaker 11: like everyone else. He's an Indigenous man, clearly, I'm just horrified.

1663
01:19:18,560 --> 01:19:21,439
Speaker 11: He said it should be needs, it should be about emergency.

1664
01:19:21,640 --> 01:19:24,800
Speaker 2: It's amazing. I'm surprised it's taken so long to get there.

1665
01:19:24,840 --> 01:19:27,720
Speaker 2: So I take it this is state only, not federal.

1666
01:19:28,479 --> 01:19:31,640
Speaker 11: Yes, but the states run the hospitals. I think what

1667
01:19:31,800 --> 01:19:34,920
Speaker 11: we'll ultimately find out is that in some other states

1668
01:19:35,000 --> 01:19:37,840
Speaker 11: this is happening as well, and I would be surprised,

1669
01:19:38,000 --> 01:19:41,280
Speaker 11: very surprised if it's not happening at other hospitals in Victoria.

1670
01:19:41,400 --> 01:19:43,360
Speaker 2: We've had the same thing in this country for years

1671
01:19:43,360 --> 01:19:46,080
Speaker 2: and it's caused any amount of angst. Part of the

1672
01:19:46,200 --> 01:19:49,080
Speaker 2: argument is they for New Zealand, the previous government, the

1673
01:19:49,120 --> 01:19:52,280
Speaker 2: Labor government, argued that it was part of it. They

1674
01:19:52,360 --> 01:19:54,280
Speaker 2: never got around to explaining it properly because there is

1675
01:19:54,320 --> 01:19:55,920
Speaker 2: no way of explaining it properly. But part of it

1676
01:19:56,160 --> 01:19:59,080
Speaker 2: was the rural access to health. So a lot of Maori,

1677
01:19:59,160 --> 01:20:01,840
Speaker 2: for example, live rually and if you live rually you

1678
01:20:01,920 --> 01:20:03,720
Speaker 2: don't get the same sort of access as you might

1679
01:20:03,840 --> 01:20:06,599
Speaker 2: in the city, but it still doesn't negate the race

1680
01:20:06,680 --> 01:20:08,519
Speaker 2: based thing. But I can't work out how that would

1681
01:20:08,520 --> 01:20:12,400
Speaker 2: apply to St. Vincent in downtown Melbourne exactly right.

1682
01:20:12,560 --> 01:20:15,920
Speaker 11: And so look, the discoverment's not for changing that. And

1683
01:20:16,200 --> 01:20:17,720
Speaker 11: as I said, I think we'll find out that it's

1684
01:20:17,760 --> 01:20:19,200
Speaker 11: much more widespread than we knew.

1685
01:20:19,360 --> 01:20:23,280
Speaker 2: Well. And then while we're on your progressive government, so

1686
01:20:23,360 --> 01:20:25,560
Speaker 2: they're going to double the cost of registering cats and

1687
01:20:25,680 --> 01:20:26,559
Speaker 2: dogs from one to.

1688
01:20:26,680 --> 01:20:31,240
Speaker 11: What can you believe this? They are so broke that

1689
01:20:31,479 --> 01:20:33,640
Speaker 11: some bureaucrats sat around and said, oh, I know what

1690
01:20:33,720 --> 01:20:37,439
Speaker 11: we should do. According to the twenty twenty three Victorian

1691
01:20:37,520 --> 01:20:41,240
Speaker 11: pet sensors who knew there was such a thing, there

1692
01:20:41,520 --> 01:20:46,360
Speaker 11: were two point two million cats and dogs in Victoria

1693
01:20:47,479 --> 01:20:50,360
Speaker 11: and they live in one point four million dollar one

1694
01:20:50,400 --> 01:20:53,479
Speaker 11: point four million homes. And so the government has decided

1695
01:20:53,840 --> 01:20:57,160
Speaker 11: that they're going to double the registration fee from JUI

1696
01:20:57,439 --> 01:21:01,280
Speaker 11: next year. That will rake in ten million dollars for them.

1697
01:21:01,760 --> 01:21:04,760
Speaker 11: And so the registration fee for a cattle or a

1698
01:21:04,920 --> 01:21:07,720
Speaker 11: dog will go from four dollars fifty one a year

1699
01:21:08,280 --> 01:21:12,560
Speaker 11: to nine dollars for cats and dogs, but surprisingly registration

1700
01:21:12,760 --> 01:21:17,640
Speaker 11: fees Mike for greyhounds will double, but they only have

1701
01:21:17,760 --> 01:21:21,040
Speaker 11: to pay seven dollars, so some reason we're looking out

1702
01:21:21,080 --> 01:21:21,840
Speaker 11: for the greyhounds.

1703
01:21:21,920 --> 01:21:24,439
Speaker 2: So speaking of greyhounds are not necessary. But the punter

1704
01:21:25,200 --> 01:21:28,920
Speaker 2: to how close would what would they won?

1705
01:21:29,880 --> 01:21:32,320
Speaker 11: This is an extraordinary story. New Zealand punter on the

1706
01:21:32,400 --> 01:21:34,840
Speaker 11: thirtieth of January at the New Zealand at one of

1707
01:21:34,960 --> 01:21:40,840
Speaker 11: the enztabs, places a seven forty one dollar bet on

1708
01:21:41,000 --> 01:21:44,880
Speaker 11: a twelve leg multi the odds of him winning this

1709
01:21:45,200 --> 01:21:48,960
Speaker 11: when he put it on ninety eight, eight hundred and

1710
01:21:49,040 --> 01:21:53,679
Speaker 11: fourteen to one, he has got the first eleven legs

1711
01:21:54,000 --> 01:21:58,920
Speaker 11: of this maulti. And if Bukaroo which is running in

1712
01:21:58,960 --> 01:22:01,720
Speaker 11: the Melbourne Cup next Tuesday, and this is where we've

1713
01:22:01,720 --> 01:22:04,680
Speaker 11: got to put money on Buckeroo. If Bukaroo finishes in

1714
01:22:04,800 --> 01:22:07,960
Speaker 11: the top three of the Melbourne Cup, no way, your

1715
01:22:08,080 --> 01:22:11,439
Speaker 11: punter in New Zealand will win seven hundred and thirty

1716
01:22:11,520 --> 01:22:16,960
Speaker 11: two thousand, two hundred and sixteen dollars. And of those

1717
01:22:17,320 --> 01:22:21,000
Speaker 11: twelve legs that he had to get in, he's had wins.

1718
01:22:21,080 --> 01:22:26,160
Speaker 11: At is it to Rapperace Course, New Plymouth? He had

1719
01:22:26,320 --> 01:22:30,160
Speaker 11: Kaying rising in the Everest in Sydney via Sestina in

1720
01:22:30,280 --> 01:22:33,280
Speaker 11: the Cock's plate and he's going to win almost three

1721
01:22:33,360 --> 01:22:36,840
Speaker 11: quarters of a million dollars if good old Buckaroo trained

1722
01:22:36,840 --> 01:22:39,120
Speaker 11: by Chris Waller, and it's a good chance.

1723
01:22:40,520 --> 01:22:42,360
Speaker 2: That was one of expresses a couple of so just

1724
01:22:43,040 --> 01:22:45,080
Speaker 2: he puts seven forty one on, he's going to get

1725
01:22:45,120 --> 01:22:49,519
Speaker 2: seven thirty two back potentially correct. Wow, and Bukaroo you

1726
01:22:49,720 --> 01:22:51,760
Speaker 2: think is a chance for top three?

1727
01:22:52,600 --> 01:22:56,240
Speaker 11: While I was talking it up yesterday at the preview

1728
01:22:56,240 --> 01:22:59,559
Speaker 11: of the Melbourne Cup and Buckaroo on the weekend finished

1729
01:23:00,040 --> 01:23:02,360
Speaker 11: reckoned by a nose in the Cox.

1730
01:23:02,200 --> 01:23:05,120
Speaker 2: Plot, Wowls's all right, go well, we'll see you next week.

1731
01:23:05,240 --> 01:23:07,400
Speaker 2: Preciate it very much. Deeprice Out of Australia eight forty

1732
01:23:07,439 --> 01:23:08,880
Speaker 2: five The.

1733
01:23:09,120 --> 01:23:13,360
Speaker 1: Like Asking Breakfast Full Show podcast on iHeartRadio powered by

1734
01:23:13,439 --> 01:23:14,240
Speaker 1: News Talks at b.

1735
01:23:15,160 --> 01:23:18,519
Speaker 2: The other thing, I'm being trapped into this. I got

1736
01:23:18,560 --> 01:23:21,080
Speaker 2: PTSD on these clowns. So anyway, if you didn't hear

1737
01:23:21,120 --> 01:23:22,880
Speaker 2: it around certain parts of the country, there's a promo

1738
01:23:22,960 --> 01:23:26,160
Speaker 2: where Heather interviewed Chris Hopkins yesterday who didn't appear to

1739
01:23:26,280 --> 01:23:28,519
Speaker 2: understand his own policy. And I go back to what

1740
01:23:28,600 --> 01:23:31,479
Speaker 2: I said yesterday and it wasn't covered. The only coverage

1741
01:23:31,520 --> 01:23:35,000
Speaker 2: I saw and this is Valuation Day, whatever the hell

1742
01:23:35,080 --> 01:23:37,680
Speaker 2: that is. The nearest I got to it yesterday was

1743
01:23:37,880 --> 01:23:40,880
Speaker 2: apparently it's all in the Tax Working Group paper. There

1744
01:23:40,920 --> 01:23:43,000
Speaker 2: are options in the Tax Working Group paper, but no

1745
01:23:43,080 --> 01:23:46,000
Speaker 2: one outlined what they were. So on the magical day

1746
01:23:46,040 --> 01:23:48,679
Speaker 2: of one July twenty twenty seven, you go value whatever

1747
01:23:48,720 --> 01:23:51,320
Speaker 2: it is you own on that day and agree to it.

1748
01:23:51,439 --> 01:23:53,559
Speaker 2: Also that in the future when you sell that they

1749
01:23:53,640 --> 01:23:56,559
Speaker 2: can CGT it. By the way, we've looked up Bukaroo

1750
01:23:57,120 --> 01:23:59,559
Speaker 2: bucker A couple of interesting things about Buckeroo. It's nine

1751
01:23:59,600 --> 01:24:04,879
Speaker 2: dollars went to a place. It's fourth favorite. Perhaps more importantly,

1752
01:24:04,920 --> 01:24:06,960
Speaker 2: at the stages fifty to fifty to even take part,

1753
01:24:07,800 --> 01:24:09,680
Speaker 2: it's like me saying I might be here tomorrow, I

1754
01:24:09,760 --> 01:24:11,640
Speaker 2: might not, so you think and hold on.

1755
01:24:11,800 --> 01:24:13,400
Speaker 13: Yeah, that's pretty much how I feel every day.

1756
01:24:13,479 --> 01:24:15,400
Speaker 2: Well, there you go a couple of things out of

1757
01:24:15,400 --> 01:24:17,920
Speaker 2: Australia real quick. That I didn't have time for Stephen.

1758
01:24:17,960 --> 01:24:20,479
Speaker 2: We might get to with Murray on Friday they started

1759
01:24:20,520 --> 01:24:23,360
Speaker 2: officially got released Tony bough Burke, the Home Affairs Minister.

1760
01:24:23,880 --> 01:24:27,519
Speaker 2: First transfer to NARU took place last Friday, so this

1761
01:24:27,640 --> 01:24:29,519
Speaker 2: is the deal that Australia's done with NARU. The court

1762
01:24:29,560 --> 01:24:32,960
Speaker 2: in Australia said, these people that are here illegally, you

1763
01:24:33,080 --> 01:24:35,559
Speaker 2: can't keep them in jail. You've got to do something

1764
01:24:35,600 --> 01:24:37,479
Speaker 2: with them. So what Australia's decided to do with them

1765
01:24:37,600 --> 01:24:40,160
Speaker 2: ship them off to NARU. First one happened on Friday.

1766
01:24:40,240 --> 01:24:42,840
Speaker 2: That's controversial. The other one is there's another one of

1767
01:24:42,920 --> 01:24:46,639
Speaker 2: these minds. I'm counting three. One was the steelworks Wayala,

1768
01:24:47,000 --> 01:24:49,320
Speaker 2: remember before the election in Australia and Wale got into

1769
01:24:49,360 --> 01:24:53,960
Speaker 2: trouble and there was a mixer either one all truism

1770
01:24:54,040 --> 01:24:56,600
Speaker 2: by the government to save a business and two it

1771
01:24:56,720 --> 01:24:58,800
Speaker 2: happened to be in a strategic part of Australia, hence

1772
01:24:58,840 --> 01:25:00,920
Speaker 2: they gave them money. But there are more and more

1773
01:25:00,960 --> 01:25:05,080
Speaker 2: of them. The latest examples Natluminium Smelter to Margo. It's

1774
01:25:05,120 --> 01:25:08,040
Speaker 2: owned by Rigo Tinto, and they say, given the way

1775
01:25:08,160 --> 01:25:12,280
Speaker 2: things are at the moment in terms of renewables, pathway forward,

1776
01:25:12,800 --> 01:25:15,800
Speaker 2: our contract expires the cost of power in twenty twenty eight,

1777
01:25:15,920 --> 01:25:19,720
Speaker 2: we cannot see a future for the business and we're

1778
01:25:19,760 --> 01:25:21,880
Speaker 2: going to close it down unless something can happen. So

1779
01:25:21,920 --> 01:25:23,759
Speaker 2: the pressure is now on the government to start bailing.

1780
01:25:23,840 --> 01:25:26,280
Speaker 2: So I don't know whether that's going to start to

1781
01:25:26,320 --> 01:25:28,880
Speaker 2: be a thing. Once one domino falls, they all start

1782
01:25:28,960 --> 01:25:31,639
Speaker 2: to fall. Nine away from nine, the Mic.

1783
01:25:31,560 --> 01:25:34,840
Speaker 1: Hosking Breakfast with Bailey's Real Estate News togs.

1784
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Speaker 2: There'd be the question worth pondering, when was the last

1785
01:25:36,960 --> 01:25:39,000
Speaker 2: time you truly felt a sense of wonder? I mean,

1786
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Speaker 2: apart from listening to the show obviously six through nine,

1787
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Speaker 2: so maybe never time to discover something extraordinary. This is

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Speaker 2: Vietnam and China. Wander Asia Tours they create journeys designed

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Speaker 2: for US New Zealand travelers who want more than sight seeing,

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Speaker 2: so you can think the authentic experiences, the cultural connections,

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Speaker 2: The travel changes how you see the world. Right now,

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Speaker 2: very special offer. You can experience China's enchantment Pandas. You've

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Speaker 2: Xian for twenty nine to ninety nine, just under three

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Speaker 2: thousand dollars per person. You will meet giant Pandas in

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Speaker 2: their natural habitat. Write a high speed train across the country,

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Speaker 2: stand face to face with the legendary Terra Cotta Warriors.

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Speaker 2: All inclusive tour includes return international flights, four to five

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Speaker 2: star accommodation, authentic local meals, seamless transport, attraction entry and

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Speaker 2: experienced English speaking guide. So wander into a world of

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Speaker 2: wonder with wander Asia Tour. So here's where you go

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Speaker 2: dot com. Asking, are very excited to be able to

1806
01:26:44,000 --> 01:26:48,040
Speaker 2: inform you just updated the New Zealand share market. This

1807
01:26:48,240 --> 01:26:49,760
Speaker 2: very company in New Zealand me this is a very

1808
01:26:49,800 --> 01:26:51,240
Speaker 2: good sign. Of the reason I tell you this is

1809
01:26:51,360 --> 01:26:55,240
Speaker 2: they were doing better than we thought, so we've needed

1810
01:26:55,240 --> 01:26:56,920
Speaker 2: to tell the share market about that. We were thinking

1811
01:26:57,000 --> 01:26:59,639
Speaker 2: that the twenty twenty five financial year, the Yebadah would

1812
01:26:59,640 --> 01:27:01,800
Speaker 2: between fifty seven and fifty nine million. We now think

1813
01:27:01,800 --> 01:27:04,040
Speaker 2: it'll be between fifty nine and sixty two million, which

1814
01:27:04,080 --> 01:27:06,360
Speaker 2: if we strike the midpoint of those two figures, are

1815
01:27:06,360 --> 01:27:08,120
Speaker 2: going to be up twelve percent on last year's result.

1816
01:27:08,200 --> 01:27:15,160
Speaker 2: Up twelve Part of that is signs of recovery across

1817
01:27:15,840 --> 01:27:20,640
Speaker 2: the economy. I'd call it a flicker. I'd call it

1818
01:27:20,720 --> 01:27:23,240
Speaker 2: a green shoot five minutes away from nine.

1819
01:27:23,479 --> 01:27:28,040
Speaker 6: Trending now with Chemist Warehouse celebrate big Friends and biggest

1820
01:27:28,040 --> 01:27:30,760
Speaker 6: savings Now in Barcelona.

1821
01:27:30,840 --> 01:27:32,360
Speaker 2: This is where I'd go. Actually, if I if I

1822
01:27:32,439 --> 01:27:34,519
Speaker 2: owned a phone company and I was launching some stuff

1823
01:27:34,560 --> 01:27:37,280
Speaker 2: for my phone, I'd go to Barcelona any others were

1824
01:27:37,320 --> 01:27:41,559
Speaker 2: Oppo's gone. So the X nine and the X nine

1825
01:27:41,720 --> 01:27:43,840
Speaker 2: Pro has been unveiled for the first time.

1826
01:27:44,240 --> 01:27:48,320
Speaker 20: It's not just another smartphone. Building on fine access tradition

1827
01:27:48,439 --> 01:27:51,840
Speaker 20: and imaging, Fine X nine series delivers a camera that

1828
01:27:52,000 --> 01:27:56,040
Speaker 20: is generations ahead of the competition, along with a huge

1829
01:27:56,080 --> 01:27:57,519
Speaker 20: sleep and performance.

1830
01:27:57,120 --> 01:27:57,920
Speaker 11: And battery life.

1831
01:27:58,120 --> 01:28:02,280
Speaker 20: Yes, all wrapped up in a brand new and elegance design.

1832
01:28:03,760 --> 01:28:07,400
Speaker 2: So exciting. So the Fine X nine Pro that's the flagship.

1833
01:28:08,640 --> 01:28:11,360
Speaker 2: Early reviews. What can I tell? Your camera and processor

1834
01:28:11,479 --> 01:28:14,080
Speaker 2: stack up with the best from Apple and Samsung, outperforming

1835
01:28:14,120 --> 01:28:18,479
Speaker 2: them in some tests. Battery huge battery. I don't know

1836
01:28:18,680 --> 01:28:21,800
Speaker 2: how these things are measured, but the battery on the

1837
01:28:21,880 --> 01:28:25,040
Speaker 2: oppos seven and a half thousand, whereas the batteries on

1838
01:28:25,200 --> 01:28:28,160
Speaker 2: the S twenty five Ultra and the iPhone seventeen Promacs

1839
01:28:28,160 --> 01:28:30,360
Speaker 2: are only five thousand. So five thousand, seven and a

1840
01:28:30,400 --> 01:28:34,160
Speaker 2: half thousand Sabusha battery one. Mine's five thousand, one mine

1841
01:28:34,240 --> 01:28:35,920
Speaker 2: seven and a half thousand, So that's how it goes.

1842
01:28:36,400 --> 01:28:40,280
Speaker 2: That means that it can last you two days, which

1843
01:28:40,360 --> 01:28:42,759
Speaker 2: is quite good. Now it goes on sale here at midnight,

1844
01:28:42,800 --> 01:28:45,080
Speaker 2: which is even better because normally what we do, as

1845
01:28:45,120 --> 01:28:46,880
Speaker 2: we say, it won't be available to a pre order

1846
01:28:46,960 --> 01:28:49,200
Speaker 2: for three months in advance. So this one goes on

1847
01:28:49,280 --> 01:28:54,280
Speaker 2: sale at midnight, and it comes disappointingly in limited colors

1848
01:28:54,360 --> 01:28:59,639
Speaker 2: only titanium gray or silk white. Silk white can be nice,

1849
01:29:00,640 --> 01:29:05,200
Speaker 2: but it gets grubby, so I'd go titanium gray. The

1850
01:29:05,240 --> 01:29:07,760
Speaker 2: the S nine and the well, which one is?

1851
01:29:08,439 --> 01:29:08,600
Speaker 18: Is it?

1852
01:29:08,760 --> 01:29:10,280
Speaker 2: From twenty five to nine to nine?

1853
01:29:11,000 --> 01:29:11,040
Speaker 21: No?

1854
01:29:11,200 --> 01:29:12,360
Speaker 14: No, there's just one.

1855
01:29:13,120 --> 01:29:15,040
Speaker 2: What what about that? You're telling me? The excellent in

1856
01:29:15,120 --> 01:29:15,800
Speaker 2: the pro of the side?

1857
01:29:16,000 --> 01:29:16,040
Speaker 14: No?

1858
01:29:16,160 --> 01:29:19,200
Speaker 1: No, sorry, the the fine X nine normal one is

1859
01:29:19,680 --> 01:29:21,880
Speaker 1: off the top of my head nineteen nine, So the.

1860
01:29:21,960 --> 01:29:24,560
Speaker 2: Top of the line flash is twenty five nine to

1861
01:29:24,680 --> 01:29:28,799
Speaker 2: nine from midnight and titanium gray. Look at the size

1862
01:29:28,880 --> 01:29:33,479
Speaker 2: of my bread streets back tomorrow morning from six as always,

1863
01:29:33,760 --> 01:29:34,360
Speaker 2: Happy Days.

1864
01:29:36,439 --> 01:29:39,280
Speaker 1: For more from the Mic Asking Breakfast, listen live to

1865
01:29:39,439 --> 01:29:42,479
Speaker 1: news talks. It'd be from six am weekdays, or follow

1866
01:29:42,560 --> 01:29:44,080
Speaker 1: the podcast on iHeartRadio