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Speaker 1: Your trusted source for news and fews, the Mike Hosking

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Speaker 1: Breakfast with Bailey's real Estate, your local experts across residential,

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Speaker 1: commercial and rural news talks.

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Speaker 2: He'd be honing in one Come to day, the paynouncementers film,

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Speaker 2: the inflation number and the economic implications around at Wellington

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Speaker 2: Council d day, new divorce laws been passed to acc

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Speaker 2: They're in the whole to the tune of seven billion.

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Speaker 2: And you know who's going to end up paying for that.

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Speaker 2: Tony quinnin of pet food, Come motor racing fame and

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Speaker 2: for an inspirational word after right, We're going to go

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Speaker 2: to Italy with Joe and Britain with Rob Hosking. Welcome

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Speaker 2: to the day, seven past six. Looks like the adults

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Speaker 2: have arrived in the room, Thank goodness, and what history

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Speaker 2: will show was one of the more alarming of many

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Speaker 2: alarming moves made by the Labour government of twenty seventeen

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Speaker 2: through twenty twenty, more specifically twenty twenty through twenty twenty three,

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Speaker 2: was the idea that if you didn't have a job,

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Speaker 2: we could pretend that we wanted you to get one,

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Speaker 2: but if you didn't get one, nothing really happened. It

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Speaker 2: was sort of based on a similar line of thinking

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Speaker 2: that if you let a lot of people out of jail,

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Speaker 2: they'd be grateful and turn into good citizens. The job's

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Speaker 2: madness manifested itself when the borders were closed, of course,

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Speaker 2: and lord knows how many people would needed for basically everything,

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Speaker 2: where employers all over the country were screaming out for workers,

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Speaker 2: and there they were a couple hundred thousand of them.

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Speaker 2: But miraculously those without a job couldn't seem to be

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Speaker 2: connected to those who wanted to give them money for

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Speaker 2: turning up to do one. What made it more mad

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Speaker 2: was the term job seeker was a specific title given

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Speaker 2: to those who were assessed as being work ready, as

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Speaker 2: in ready to work. New day, new government. While they

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Speaker 2: saw all this for what it was, implemented the traffic

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Speaker 2: light system. You get to read your benefits cut now.

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Speaker 2: The people who didn't mind you not having to not

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Speaker 2: work didn't like that. They thought it was mean. Well,

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Speaker 2: new data, not en up data to call it a

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Speaker 2: fix or a solution, but certainly enough to suggest it's

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Speaker 2: working and we're on our way back to normalcy. In August,

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Speaker 2: the number of unemployed who failed to make their obligations ie.

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Speaker 2: Turn up, have an interview, get out of bed, make

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Speaker 2: an effort. Were seven four hundred and ninety one astonishing

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Speaker 2: to think that even when there's a threat, there are

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Speaker 2: still people who can be bothered anyway, That number's gone

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Speaker 2: down for six nine hundred and seventy five. Actual sanctions

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Speaker 2: have dropped also, from two hundred and sixty eight to

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Speaker 2: forty six hundred and sixty two, both moving in the

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Speaker 2: right directions. Still too many shirkers, of course, But the

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Speaker 2: lesson here is people, sadly, if given enough rope, seem

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Speaker 2: to want to hang themselves. Some people are just bludges

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Speaker 2: and they need to get that there are consequences. So

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Speaker 2: let's hold out for ensuing month's data. But fingers crossed,

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Speaker 2: it looks like a bit of tough love is working.

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Speaker 1: Who would have thought, why news of the world in

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Speaker 1: ninety seconds?

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Speaker 2: Oh us? Have you not up with us? Have piled

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Speaker 2: pressure on Israel and told them to basically get it

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Speaker 2: together in the aid department in Gaza or else the

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Speaker 2: fly of weapons might be an issue. UK tend to agree.

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Speaker 3: Families in Gaza are facing a second winter with even

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Speaker 3: less resilience and fewer resources. This is unconscionable. Israel must

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Speaker 3: comply fully.

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Speaker 2: There's also another Emergency Security Council meeting a lot that

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Speaker 2: Altric's wearing a bit thin.

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Speaker 4: This council has an important role to play. But ultimately,

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Speaker 4: as I have said previously, actions on the ground, more

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Speaker 4: than discussions here in New York are what will bring

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Speaker 4: real progress.

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Speaker 2: As far as the U. As Rice goes, Donald has

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Speaker 2: stopped swaying to the music and set down to talk

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Speaker 2: to the women of Georgia.

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Speaker 5: The border was the safest it ever was in the

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Speaker 5: history of our country. We had the fewest number of people,

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Speaker 5: we have the least amount of drugs. Everything was human trafficking,

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Speaker 5: which is now twelve times higher than it was. And

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Speaker 5: it's trafficking, I hate to say this, mostly in women.

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Speaker 2: But also in Georgia. And judge is ruled on hand

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Speaker 2: counting ballots. This is seen as a win for the Deans.

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Speaker 6: We're seeing a lot of success by these plaintiffs in Georgia,

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Speaker 6: and the judicial branch there seems to have absolutely no

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Speaker 6: patients for these chananigans.

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Speaker 2: In Britain, specifically Newcastle, we have another of these houses

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Speaker 2: that's gone and blown up.

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Speaker 7: We are working with our partners under Community to ensure

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Speaker 7: all those who may have been in the area at

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Speaker 7: the time off say. An investigation is ongoing to establish

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Speaker 7: how the explosion occurred.

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Speaker 2: Seven year old boys did, six injured and more proof

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Speaker 2: nuclear is back and we should really get on board

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Speaker 2: with us. By the way, Amazon like Oracle are going

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Speaker 2: to drive their data centers using nuclear power. And guess

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Speaker 2: who was first to read this trend.

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Speaker 8: China absolutely has the edge.

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Speaker 9: They built seventy two nuclear reactors in the last decade,

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Speaker 9: in the same span that the planet ju in Georgia

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Speaker 9: and one in Europe.

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Speaker 2: Finally, office worker in Leeds has won a compensation or

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Speaker 2: some compensation after her recruitment boss refused to say hello

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Speaker 2: to her three times when she arrived at Wich. So

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Speaker 2: this is the Leeds employment tribunals found. It was all

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Speaker 2: part of the scheme to force the woman out. It said,

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Speaker 2: while not saying hello was not fundamentally a breach to

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Speaker 2: the contract, it was a contributing factor to a breach

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Speaker 2: and if it continued, was likely to undermine trust and confidence.

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Speaker 2: They yet to figure out what sort of conversation you

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Speaker 2: get where nobody says.

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Speaker 8: Hello to you?

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Speaker 2: News of the world in ninety. Not good in the

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Speaker 2: airline industry at the moment, so you can't get a

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Speaker 2: plane for love nor money. Boeing of course announced huge

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Speaker 2: layoffs this week because that mar their people are on

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Speaker 2: strike anyway. Airbus obernight, they're cutting two and a half

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Speaker 2: thousand jobs. That's mainly in defense and space. But nevertheless,

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Speaker 2: if you take that two and a half and add

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Speaker 2: the seventeen thousand that bowing, there's twenty thousand jobs in

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Speaker 2: aviation just this week and it's only Thursday, twelve past six.

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

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Speaker 1: by News.

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Speaker 2: Talks ab Nikola willis after seven on hour. Inflation rate

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Speaker 2: Thailand Central Bank overnight. Those surprised everybody. They cut their

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Speaker 2: cash rate twenty five points down to two point two five.

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Speaker 2: No one saw that coming. But on the inflation front,

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Speaker 2: it's crashed in the UK and that will mean the

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Speaker 2: b B is definitely going to move next month. There

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Speaker 2: was some sort of question mark as to whether they

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Speaker 2: would or not, but I think this is sealed it now.

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Speaker 2: It's gone down to one point seven in September, everyone

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Speaker 2: thought about one point nine core inflation three point two

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Speaker 2: pounder is down, so we'll stand by for their move.

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Speaker 2: Fifteen past the money j my loved Andrew Keller had

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Speaker 2: good morning, very good morning, Mike. You important the point

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Speaker 2: and not only came down, so we went yeah, but

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Speaker 2: at the lower end, wasn't it. That's right?

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Speaker 10: So do we celebrate? I mean, is it too early

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Speaker 10: to celebrate? Is the job done? I mean, I suppose

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Speaker 10: there's quite a lot of questions that come out of yesterday.

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Speaker 8: So just the CPI released.

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Speaker 10: For Q three zero point six for the quarter, two

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Speaker 10: point two percent for the year.

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Speaker 8: Do you remember what the Reserve Bank said as well?

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Speaker 10: They said that inflation is clearly converging on the mid point,

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Speaker 10: and so it is, and that's the one to three

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Speaker 10: percent ban the mid point, is it two? That's the

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Speaker 10: job the RBNZ has, and it is clearly converging there

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Speaker 10: non tradeable inflation one point three percent, that's sitting at

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Speaker 10: four point nine percent for the year, tradeable inflation minus

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Speaker 10: zero point two and now sitting up minus one point

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Speaker 10: six percent for the year. Now expectationsidering one point seven

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Speaker 10: point eight. So the this was to the bottom side.

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Speaker 10: That was courtesy of lower non tradeable inflations. People were

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Speaker 10: thinking that was going to be around one and a half,

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Speaker 10: came in at one point three. Now there was a

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Speaker 10: mitigating factor of a twenty two point eight percent fall

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Speaker 10: in early childhood education fees. That was a result of

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Speaker 10: the introduction of the government subsidy that really helps your outcome.

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Speaker 10: It gets you to one point three. Without that the

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Speaker 10: year on, you could have been closer to five point two.

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Speaker 10: So it wort to push the whole all of the

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Speaker 10: numbers up, But there were other offsets to that. So

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Speaker 10: you got those fees, you've got lower fuel prices. They

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Speaker 10: pulled the outcome down, and then the other side the

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Speaker 10: usual suspects, higher insurance costs, local authority rates, prescription charges.

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Speaker 10: But there's no escaping the observation that inflation pressures are moderating.

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Speaker 10: Just to quick note, annual tradeable inflation. You look at

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Speaker 10: that and you go, my gosh, it's at minus one

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Speaker 10: point six. It's really negative. No, Historically we've had extended

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Speaker 10: periods of negative tradeable inflations. Not unusual, it's the non

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Speaker 10: tradable consistently been problematic. I guess the question is what

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Speaker 10: happens from here? Because there is no you cannot escape

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Speaker 10: the risk now that inflation falls below two percent, that

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Speaker 10: we undershoot the target.

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Speaker 8: Now, that suggests to me.

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Speaker 10: That the RBNZ should continue to move quickly to normalize

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Speaker 10: the official crash rate. Now the really relevant question here, though,

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Speaker 10: is how far do they go? I mean, what's the bottom,

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Speaker 10: what's the target? What's the neutral rate, the rate that

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Speaker 10: doesn't contribute to inflation. Is it three point seventy five?

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Speaker 10: Is it three and a half, three and a quarter

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Speaker 10: three percent? We don't really know that. So that's a

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Speaker 10: question that's got to be answered. The second one is

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Speaker 10: do they go fifty or seventy five basis points in November?

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Speaker 10: And here's a question for you, Mike, would a seventy

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Speaker 10: five basis point move Yes?

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Speaker 8: So tacit admission.

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Speaker 10: Absolutely, the OCI was pushed up too far, too fast

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Speaker 10: and kept there for too long.

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Speaker 8: That's a question you have to ask.

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Speaker 10: Really interesting if you look at the forward market, Mike,

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Speaker 10: you look at where the market price is, where it

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Speaker 10: thinks the OCO will be on the next Ohcer review date.

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Speaker 8: That yesterday, at the close of yesterday was trading at four.

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Speaker 10: Point one, which means that the odds are slightly tipped

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Speaker 10: in favor or slightly tipping towards seventy five basis points

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Speaker 10: not the fifty.

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Speaker 8: Market reaction quite muted.

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Speaker 10: Mike Wholso, rates said, fall a little bit, but they'd

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Speaker 10: been lower recently.

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Speaker 8: KEIW slightly lower. Share market didn't like it though.

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Speaker 10: On the face of it, it was down to over

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Speaker 10: one and a half percent, but I think that was

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Speaker 10: to do with a few other stock specific factors, not

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Speaker 10: so much the inflation rate.

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Speaker 8: Fascinating day.

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Speaker 2: Do this The other question you need to ask if

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Speaker 2: seventy five is tantamount to admission of fault, do you

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Speaker 2: still do the right thing because you know you cocked

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Speaker 2: it up?

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Speaker 8: Well, you have to, I mean you have to play

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Speaker 8: what's in front of you. You have to. Yeah, well

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Speaker 8: that's my view.

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Speaker 2: You met Adrian lately. Anyway, that's for another day. Speaking

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Speaker 2: of the speaking of the Reserve Bank, Karen Silk, what

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Speaker 2: do you have to say?

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Speaker 10: So very relevant speech yesterday, she's the Assistant Bank governor.

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Speaker 10: This was the transmission of monetary policy to financial conditions.

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Speaker 8: Real point of interest. Now it's the big question.

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Speaker 10: The big conundrum is how quickly do those easier monch prinstance,

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Speaker 10: those lower ocr How quickly did that affect larger economy.

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Speaker 8: Some interesting comments in here, Mike.

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Speaker 10: Firstly, we've been talking about with this confirmational reference to

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Speaker 10: the shorter duration of the fixed rate loan landscape, that

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Speaker 10: implies faster transmission of policy.

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Speaker 8: To low mortgage rates her words.

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Speaker 10: Our latest new credit flow survey shows it around seventy

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Speaker 10: five percent of new home loans carry introspirence with one

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Speaker 10: ur or less and circuit seventy percent of existing home

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Speaker 10: loans will be repriced within the next nine months. So

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Speaker 10: if you get the OCR down, you pull down the

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Speaker 10: one two year wholesale rates that flows straight through to

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Speaker 10: all those new fixed.

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Speaker 8: Rate loan terms. That's good.

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Speaker 10: Also, the acknowledgment that we're going back to pre COVID conditions.

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Speaker 10: It's a more normal fundering environment. You're seeing the wind

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Speaker 10: down of additional monthary policy tools they were introducing the

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Speaker 10: COVID period that may constrain how much banks can drop rates.

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Speaker 8: So mortgage rates call fall. Let's see how.

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Speaker 2: Far ohkay Oaks numbers please.

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Speaker 10: The US markets are in positive territory percent rise in

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Speaker 10: Dow Jones four to two forty two thousand, nine hundred

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Speaker 10: and sixty, the S and P five hundred is up point.

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Speaker 8: Three five eight three three. The Nasdak is more or

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Speaker 8: less unchanged.

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Speaker 10: Eighteen thousand, three hundred and twenty one forty one hundred

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Speaker 10: overnight up just undred one percent eight three two nine.

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Speaker 8: The Nicke down one point eight percent. Very volatile. That

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Speaker 8: thirty nine thousand, one hundred and.

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Speaker 10: Eighty Shanghai composite virtually unchanged three two o two. The

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Speaker 10: Ostralasian markets Thay were weaky yesterday. As I said, the

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Speaker 10: ends of A six two hundred lost point four of

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Speaker 10: a percent eight to eight fours are closed there. The

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Speaker 10: ends of X fifty fell one point five to five

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Speaker 10: percent one hundred and ninety nine points twelve thousand, six

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Speaker 10: hundred and forty one. Kiwi is trading at point six

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Speaker 10: oh five eight against the US on wholesale markets point

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Speaker 10: nine zero eighty eight Ossie point five five seven three

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Speaker 10: Euro point four six five eight pounds ninety point seventy two.

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Speaker 10: Japanese yen gold is trading at two thousand, six hundred

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Speaker 10: and seventy three dollars, and Brentkrud's still low at seventy

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Speaker 10: four dollars and twenty five cents.

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Speaker 2: Nice stuff go well see tomorrow, Andrew Kelleher Jmiwealth dot

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Speaker 2: Co dot m z PASK reporting season Stateside United As

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Speaker 2: in the airline they got a share buy back. The

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Speaker 2: third quarter revenue and earnings beat. They brought in fourteen

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Speaker 2: point eight four billion dollars. So a lot of people

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Speaker 2: still flying and lots of people still making money. In banking.

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Speaker 2: Morgan Stanley another bank did well. Profit up thirty two percent,

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Speaker 2: revenues up sixteen percents at banking and certain airlines doing nicely.

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Speaker 2: Thank you. Six twenty two, he Renews.

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Speaker 1: Talk said be good the Vike Hosking Breakfast Full Show

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Speaker 1: podcast on iHeartRadio powered by News Talks at be Mike.

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Speaker 2: When you look at the shambles or made of the

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Speaker 2: economy and the yeo up and down oci, you got

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Speaker 2: to wonder how qualified he is. Maybe you need some

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Speaker 2: pictures to illustrate her, and what a mess the place is. Funny,

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Speaker 2: you should say that my hero of the week is

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Speaker 2: Jeff Mortlock. You probably don't know the name, but he

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Speaker 2: was in front of the Banking Select Committee yesterday and

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Speaker 2: what he said was profound. So let me come back

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Speaker 2: to that shortly. Six twenty five.

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Speaker 1: Trending Now with mswell House, the real House of Fragrances.

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Speaker 2: Now it's time to get some tribles with those movies

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Speaker 2: for the holiday season. I've got carry On for you

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Speaker 2: this morning. TSA Agents and Security America, contacted by a stranger,

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Speaker 2: starts blackmailing into allowing a package onto a flight on

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Speaker 2: Christmas Eve.

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Speaker 11: Is the way the world works. There's people in control,

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Speaker 11: and there's people to listen. I'm the guy you listen to, Keithan.

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Speaker 11: Today is a day that you're gonna remember for a

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Speaker 11: very long time.

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Speaker 12: But if you handle it great, you're gonna have a

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Speaker 12: chance of forgetting. Are you knowing? Won't change anything? And

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Speaker 12: I hope I don't have to execute someone close to

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Speaker 12: you to prove in one bag for one life here

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Speaker 12: ten minutes before everybody in this airport dies, all you

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Speaker 12: have to do is nothing.

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Speaker 2: Yes, nice, Yeah, it's good. That's good. Taron Adgerton is

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Speaker 2: TS agent Jason Bateman as the villain, Netflix, December thirteenth.

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Speaker 2: I was listening to Bateman yesterday. He runs a podcast

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Speaker 2: called SmartLess along with Sean Hayes and Will Arnette. They're

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Speaker 2: quite funny as a group. But they had the reason

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Speaker 2: I was given to me Howard Stern. I don't know

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Speaker 2: if Howard Stern's name that most people resonate with, but

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Speaker 2: he's probably one of America's most successful radio names over

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Speaker 2: a very very very long period of time. And they

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Speaker 2: had him on and that was a beget and they

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Speaker 2: were real excited about it. And that's probably if you

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Speaker 2: can be bothered worth looking up and having to think

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Speaker 2: about now was it this time yesterday? I think it was.

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Speaker 2: We're talking about the outdoor dining charges that councils around

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Speaker 2: the country are charging. Claim it's fifty one thousand dollars

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Speaker 2: in Queenstown that when everyone everyone will what, how's that possible?

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Speaker 2: Well it may not be possible, and we'll get into

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Speaker 2: a few numbers, but anyway, that the general gist of

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Speaker 2: it is this whole business of just counsels gouging for

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Speaker 2: the sake of it. We're going to need to talk

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Speaker 2: to the Queenstown mess. So he's up next up for

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Speaker 2: the news, which is next here a Newstalks.

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Speaker 13: He'd b.

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Speaker 1: Setting the news agenda and digging into the issues the

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Speaker 1: Mic Hosking Breakfast with Alveda, Retirement, communities, life your Way,

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Speaker 1: news talks vs.

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Speaker 2: This is why Inflation's complex. My inflation under controlled year.

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Speaker 2: Right just received notice from Genesis as an Energy advising

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Speaker 2: of a second price increase in bottled LPG in a

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Speaker 2: year forty five kg bottle. They are the ones I

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Speaker 2: run in the country as well, up from one thirty

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Speaker 2: to one fifty in December of twenty three. Now another

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Speaker 2: increase from one fifty to one sixty five twenty six

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Speaker 2: percent inside twelve months, a bit higher than two to

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Speaker 2: three percent. John, you're right, we've got the same price rise,

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Speaker 2: but vegetables have collapsed. So it's not just your inflation,

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Speaker 2: it's everyone's inflation. And there's a million things that make

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Speaker 2: up inflation, and part of what makes up inflation as

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Speaker 2: your acc levy. They're in the whole now suddenly seven

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Speaker 2: point two billion dollars. How the hell did that happen?

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Speaker 2: The woman who runs It's with us after seven thirty

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Speaker 2: twenty three to seven go to Italy in mindment with

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Speaker 2: Joe McKenna. Their Albanian migrant program, which is the one

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Speaker 2: that seems to be underway successfully as of today, the

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Speaker 2: one that well, it wasn't Albania who was with wonder

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Speaker 2: in Britain. They couldn't do it in Britain, but they

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Speaker 2: can in Italy. We'll get the update on that shortly

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Speaker 2: back this morning, though, of the business of gouging for

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Speaker 2: outdoor dining, numbers are flying all over the place, from

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Speaker 2: one hundred and sixty dollars a square meter to a

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Speaker 2: couple of hundred dollars a square meter, and depending on

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Speaker 2: how you look at the numbers, means they could be paying.

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Speaker 2: It was claimed yesterday on the program up fifty one

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Speaker 2: thousand dollars a year, which is a fifteen hundred percent increase.

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Speaker 2: So what's going on. This is specifically in Queenstown, and

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Speaker 2: the mayor is Glenn Lewis. Who Glenn Lewis, Who is

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Speaker 2: with us? Glenn morning, Good morning, Mike. Now, I don't

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Speaker 2: want to get bogged down in a singular story about

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Speaker 2: how many meters and how many dollars and stuff, But

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Speaker 2: broadly speaking, one, you charge for outdoor dining. Two you're

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Speaker 2: charging more for outdoor dining. Is that true?

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Speaker 14: Yes, Why we've we've never looked we've never increased rates

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Speaker 14: since two thousand and six. We looked at it in

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Speaker 14: twenty nineteen. Going from as you say, you won sixty

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Speaker 14: to six hundred dollars a square meter on the Queenstown

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Speaker 14: Late Front. We pause it during COVID, it's now twenty two,

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Speaker 14: twenty four, two years past COVID, and we're picked it

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Speaker 14: up in implementing it.

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Speaker 2: Now, where do you get the six hundred from? Is

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Speaker 2: that a number plug from the air now?

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Speaker 14: Now, it's thirty percent of the retail of the rental

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Speaker 14: rate of the Queen's Town CBD.

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Speaker 2: But that's a number plate from the yeir. That's thirty percent,

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Speaker 2: sixty percent. It's just a number that you guys come

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Speaker 2: up with, you think, and.

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Speaker 14: That's not what we come up with. It's a standard

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Speaker 14: industry practice. It's the same number that christ Church uses

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Speaker 14: and that's what we've gone with.

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Speaker 2: Ah, that's interesting. So I asked yesterday whether the variability

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Speaker 2: they seem to suggest there was. You're suggesting there's a

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Speaker 2: bog standard. This is what councils charge around the country

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Speaker 2: if you want to have tables outdoors.

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Speaker 14: That's the advice we've got, yes, right.

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Speaker 2: Is it a money grab?

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Speaker 14: No, it's a reflection of the market rates. And look,

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Speaker 14: this is the Queenstown Lakefront. This is the iconic parist

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Speaker 14: spot in the country. Hosts thirty percent of the international

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Speaker 14: visitors that received so no, I don't think it is

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Speaker 14: a pross grand and.

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Speaker 2: The individual is claiming fifty one grand. That once again

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Speaker 2: without going into too much detail, that's a back pay

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Speaker 2: and numbers were done wrong. Is that right?

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Speaker 8: Roughly?

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Speaker 14: Yes, that's increasing an increase in area being charged as well.

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Speaker 2: Okay, So we then come to the cracks of the

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Speaker 2: problem with is it fair and are you killing business

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Speaker 2: at a time when business is struggling.

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Speaker 14: Look, we've had many outdoor dining businesses come to us

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Speaker 14: wanting to increase the area even with the increase in rates,

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Speaker 14: and others that want to take the opportunity to decrease

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Speaker 14: the area just because it helps manage staff easier. So look,

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Speaker 14: I don't think we're killing outdoor dining. I think there's

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Speaker 14: just probably a rare adjustment.

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Speaker 2: For some your debt. How much do you own Queenstown?

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Speaker 14: Jeez, we're about seven hundred million. After the ten year plan,

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Speaker 14: we come to one point two billion year. This is

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Speaker 14: the outcome of a very fast growing region.

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Speaker 2: Geez, one point two billion on a rating base of

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Speaker 2: what does that put you on the leach of credibility?

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Speaker 14: Now I will grow from thirty six thousand rate payer

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Speaker 14: base to forty two over the ten years. Now, this

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Speaker 14: is what happens when you've got double the visitor load

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Speaker 14: to actual residents. We're having to design and build for

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Speaker 14: twice as many people. Then what extra lives here?

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Speaker 2: What do you pay for debt servicing each year?

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Speaker 14: Our average weighted annual interest rate is now five point six.

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Speaker 2: But in Doris, what do you pay as a bill?

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Speaker 14: Oh, you should be at one hundred million, I'd say.

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Speaker 2: Just an interest payment?

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Speaker 15: Yep.

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Speaker 2: Wow, what's your rating increase? This year?

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Speaker 14: It was fifteen point six on averriadge.

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Speaker 2: And that's gone down the treat.

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Speaker 14: Has it, of course? You know, just imagine how well

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Speaker 14: that's gone down there Mic jeez.

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Speaker 2: Arra yesterday. And the reason the inflation number and the

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Speaker 2: non tradable number was so bad is because guys like

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Speaker 2: you go around charging people fifteen percent more each year.

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Speaker 13: Yeah.

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Speaker 14: Well, when you break it down, it's insurance, interest traits

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Speaker 14: and reevaluation and depreciation on assets that we actually going already.

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Speaker 2: Yeah, although having said all that, you're one of the lucky.

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Speaker 2: I think you're one of the lucky regions in the country.

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Speaker 2: You do have growth, your tourism is back. Things do

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Speaker 2: seem to be bubbling nicely and you're one of the

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Speaker 2: better places in that sense.

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Speaker 14: Oh yeah, look, I'd rather be in my position than

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Speaker 14: many other councils I have. Growth is the challenge I face. Jeez,

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Speaker 14: that's a that's a tough one for me. Really, No,

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Speaker 14: I'm look, I realize I'm in a privileged position.

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Speaker 2: You've got any advice for Tory and Wellington?

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Speaker 14: You stay out of the media.

438
00:20:52,200 --> 00:20:54,000
Speaker 2: Well, this has gone well for you though, Glenn, hasn't it.

439
00:20:54,840 --> 00:21:00,040
Speaker 14: Oh look, look, Wellington, I think your counselors need to

440
00:21:00,040 --> 00:21:01,800
Speaker 14: stay out of the media as well and actually work

441
00:21:02,000 --> 00:21:04,440
Speaker 14: as a team. Frankly, but yeah, I don't want to

442
00:21:04,520 --> 00:21:05,000
Speaker 14: start trying to.

443
00:21:04,960 --> 00:21:06,840
Speaker 2: Start, so I just here head down. But yeah, you

444
00:21:06,960 --> 00:21:08,840
Speaker 2: just have head down, bump up as the advice world

445
00:21:08,840 --> 00:21:12,760
Speaker 2: Don Glen appreciated verty much. Glenn Lewis, Queenstown mayor hopefully

446
00:21:12,840 --> 00:21:15,439
Speaker 2: then asking, hopefully then answered some sort of question seventeen

447
00:21:15,440 --> 00:21:18,400
Speaker 2: minutes away from seven Seeker who are into the Kiwi

448
00:21:18,440 --> 00:21:21,560
Speaker 2: fruit business, should have mentioned this earlier. Kiwi fruit is

449
00:21:21,720 --> 00:21:25,120
Speaker 2: going off, I mean, thank god, something needs to. So

450
00:21:25,280 --> 00:21:28,800
Speaker 2: they announced yesterday excellent fruit quality. They've lifted their full cast,

451
00:21:28,840 --> 00:21:31,600
Speaker 2: They've done an interim dividend of ten cents. That's come

452
00:21:31,640 --> 00:21:35,439
Speaker 2: in early record operational earning. So well done the key

453
00:21:35,480 --> 00:21:37,840
Speaker 2: we fruit industry. I hope you'reeeling good about It's seventeen too.

454
00:21:38,720 --> 00:21:43,360
Speaker 1: The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered

455
00:21:43,359 --> 00:21:44,080
Speaker 1: by News Talks.

456
00:21:44,119 --> 00:21:47,520
Speaker 2: It be interesting revelations from the funding round, latest funding

457
00:21:47,600 --> 00:21:50,200
Speaker 2: round in the American US race. Come to those numbers.

458
00:21:50,200 --> 00:21:51,760
Speaker 2: I may get time in just a couple of moments. Jeez,

459
00:21:51,800 --> 00:21:54,200
Speaker 2: Mike Hargo was Glenn newest numbers answered every quest and

460
00:21:54,240 --> 00:21:57,680
Speaker 2: clearly impressive. Yet good South Island blow my kind of mayor.

461
00:21:57,880 --> 00:22:02,240
Speaker 16: Fourteen to two International correspondence with ends and eye insurance,

462
00:22:02,400 --> 00:22:04,640
Speaker 16: peace of mind for New Zealand businesss.

463
00:22:04,720 --> 00:22:06,760
Speaker 2: Lily, how are you great?

464
00:22:06,800 --> 00:22:07,119
Speaker 5: How are you?

465
00:22:07,160 --> 00:22:07,360
Speaker 13: Mike?

466
00:22:07,480 --> 00:22:09,840
Speaker 2: Now? Why do they decide? What is it? I mean,

467
00:22:09,840 --> 00:22:12,280
Speaker 2: what's going on here? So Maloney's off to Lebanon, Foreign

468
00:22:12,320 --> 00:22:15,040
Speaker 2: Minister off to Israel? Do they have a meeting and go, hey,

469
00:22:15,119 --> 00:22:16,520
Speaker 2: let's play peacekeeper this week?

470
00:22:17,480 --> 00:22:19,840
Speaker 17: Well, I mean, I think everyone's concerned, aren't they about

471
00:22:19,880 --> 00:22:22,480
Speaker 17: what's happening in the Middle East. There's an extra edge

472
00:22:22,800 --> 00:22:25,720
Speaker 17: for Prime Minister Georgia Maloney because we have one thousand

473
00:22:25,760 --> 00:22:29,080
Speaker 17: Italian soldiers there as part of the UNIFIL peacekeeping mission.

474
00:22:29,400 --> 00:22:32,360
Speaker 17: She's not very happy because they've been under attack from

475
00:22:32,400 --> 00:22:36,560
Speaker 17: the Israelis. She telephoned the Israeli Prime Minister Benjaminette Nahou

476
00:22:36,600 --> 00:22:39,879
Speaker 17: on Sunday to complain express her concern. I don't think

477
00:22:39,920 --> 00:22:42,959
Speaker 17: it was very pleasant. So she's off to meet King

478
00:22:43,000 --> 00:22:46,320
Speaker 17: Abdullah in Jordan on Friday, before traveling to Beirut to

479
00:22:46,320 --> 00:22:50,119
Speaker 17: meet the Lebanese Prime Minister Nijib McCarty. And as you said,

480
00:22:50,440 --> 00:22:53,480
Speaker 17: Foreign Minister Tahani will go to Israel and Palestine next

481
00:22:53,520 --> 00:22:54,200
Speaker 17: week as well.

482
00:22:54,440 --> 00:22:56,840
Speaker 2: Okay, So what's I mean? We've seen the US overnight

483
00:22:56,920 --> 00:22:59,040
Speaker 2: say listen, get it together with Aiden Garz or else.

484
00:22:59,080 --> 00:23:01,320
Speaker 2: The supply of weapons going to be a problem. Are

485
00:23:01,320 --> 00:23:02,960
Speaker 2: they as hardlined in Italy as that.

486
00:23:04,160 --> 00:23:07,200
Speaker 17: Yeah, they seem to be saying the same thing, still

487
00:23:07,480 --> 00:23:10,400
Speaker 17: singing from the same song sheet as they might say.

488
00:23:11,359 --> 00:23:13,119
Speaker 17: But we'll have to wait and see about what happens

489
00:23:13,119 --> 00:23:15,640
Speaker 17: there with the weapons. Certainly a lot of concern about

490
00:23:15,640 --> 00:23:18,480
Speaker 17: the ongoing escalation as we're finding everywhere in the world

491
00:23:18,520 --> 00:23:19,000
Speaker 17: at the moment.

492
00:23:19,080 --> 00:23:19,240
Speaker 14: Now.

493
00:23:19,280 --> 00:23:22,000
Speaker 2: The s Albanian migrant business that you dreamed up, that

494
00:23:22,080 --> 00:23:24,280
Speaker 2: they sort of dreamed up in Britain with Rwanda and

495
00:23:24,320 --> 00:23:26,720
Speaker 2: then spent the rest of their life in court arguing

496
00:23:26,760 --> 00:23:28,560
Speaker 2: about it. How come you can come up with this

497
00:23:28,680 --> 00:23:32,080
Speaker 2: idea in Italy and make it happen and it doesn't

498
00:23:32,080 --> 00:23:34,240
Speaker 2: get bogged down by human rights lawyers in court, and

499
00:23:34,320 --> 00:23:35,520
Speaker 2: yet they couldn't do it in Britain.

500
00:23:35,640 --> 00:23:39,239
Speaker 17: You know, I'm wondering if we might still see some

501
00:23:39,320 --> 00:23:41,600
Speaker 17: kind of legal challenge, although I haven't seen any sign

502
00:23:41,600 --> 00:23:46,400
Speaker 17: of that yet. It's bizarre that the Italian Navy ship Libra,

503
00:23:47,080 --> 00:23:50,800
Speaker 17: which just arrived in Albania with the first sixteen migrants,

504
00:23:52,480 --> 00:23:55,960
Speaker 17: has traveled over fifty hours to get there, and you

505
00:23:56,080 --> 00:23:59,440
Speaker 17: think about the resources that are required just for sixteen migrants.

506
00:23:59,480 --> 00:24:01,480
Speaker 17: At the same time we've got a thousand migrants that

507
00:24:01,520 --> 00:24:03,159
Speaker 17: have landed on the island of Lampaduza.

508
00:24:03,480 --> 00:24:05,159
Speaker 2: Well that'll be optics, I suppose, won't it. But I

509
00:24:05,200 --> 00:24:07,560
Speaker 2: mean it was weird that Starmer comes to town. Remember

510
00:24:07,600 --> 00:24:09,399
Speaker 2: that couple of months ago. He goes, hey, listen, what

511
00:24:09,400 --> 00:24:10,679
Speaker 2: are you doing? How are you doing it? And I

512
00:24:10,680 --> 00:24:12,439
Speaker 2: would have said something like, well, just get on with

513
00:24:12,480 --> 00:24:14,720
Speaker 2: it and do it. Is it popular domestically?

514
00:24:16,000 --> 00:24:19,960
Speaker 17: I think it's divisive domestically because the Italians are throwing

515
00:24:20,000 --> 00:24:24,119
Speaker 17: six hundred million euros at the Albanians to make this happen.

516
00:24:24,680 --> 00:24:30,040
Speaker 17: And one politician, for example, opponent estimated that the cost

517
00:24:30,200 --> 00:24:34,119
Speaker 17: for those sixteen migrants was around eighteen thousand euros for

518
00:24:34,200 --> 00:24:37,880
Speaker 17: each migrant to move them to Albania. So people are saying,

519
00:24:37,920 --> 00:24:39,960
Speaker 17: why aren't we spending the money in Italy to make

520
00:24:39,960 --> 00:24:41,520
Speaker 17: the system work more effectively here?

521
00:24:41,600 --> 00:24:44,239
Speaker 2: If an election were called tomorrow, would it be an

522
00:24:44,240 --> 00:24:46,040
Speaker 2: issue that you'd swing a boat on.

523
00:24:47,160 --> 00:24:47,400
Speaker 18: Look?

524
00:24:47,440 --> 00:24:50,440
Speaker 17: I think people still think Maloney's doing a good job

525
00:24:50,480 --> 00:24:53,680
Speaker 17: on immigration because, as she said herself yesterday in Parliament,

526
00:24:53,720 --> 00:24:57,480
Speaker 17: the numbers speak for themselves. The landings have decreased by

527
00:24:57,560 --> 00:25:01,719
Speaker 17: sixty percent compared to twenty twenty three, and that is

528
00:25:02,080 --> 00:25:04,800
Speaker 17: you know, that hits home with the Italian voters for now.

529
00:25:05,200 --> 00:25:08,320
Speaker 2: All right? And even though the Great Silvia is gone,

530
00:25:08,480 --> 00:25:10,639
Speaker 2: the poor old Bunga Bunger girls just are not left

531
00:25:11,040 --> 00:25:11,879
Speaker 2: to their own peace.

532
00:25:13,160 --> 00:25:17,040
Speaker 17: You wouldn't dream about it. Which are Italy's top court

533
00:25:17,119 --> 00:25:21,879
Speaker 17: on Monday overturn the acquittal of twenty three people accused

534
00:25:21,880 --> 00:25:25,639
Speaker 17: of taking bribes from the late Premier Silvio Berlusconi to

535
00:25:25,760 --> 00:25:30,880
Speaker 17: keep lying about the underage prostitution case. That means there's

536
00:25:30,920 --> 00:25:33,040
Speaker 17: going to be a new court case, and the Bunga

537
00:25:33,080 --> 00:25:36,200
Speaker 17: Bunger girls are not very happy about that. One of

538
00:25:36,240 --> 00:25:39,200
Speaker 17: them said, this is completely unfair. Berlusconi is dead. Why

539
00:25:39,240 --> 00:25:40,119
Speaker 17: am I on trial?

540
00:25:40,520 --> 00:25:43,119
Speaker 2: Are they still Bungamonger girls now that he's gone? Do

541
00:25:43,200 --> 00:25:45,679
Speaker 2: they bunga bonga still or are they retired? Bunga Bonger's

542
00:25:45,720 --> 00:25:46,240
Speaker 2: what happened to you?

543
00:25:47,160 --> 00:25:49,200
Speaker 17: I'm not sure how they make their money these days,

544
00:25:49,240 --> 00:25:52,320
Speaker 17: but they certainly seem to have done well during his

545
00:25:52,480 --> 00:25:53,200
Speaker 17: term of offers?

546
00:25:53,240 --> 00:25:56,680
Speaker 2: Certainly? Did do you know? Another one of my random questions,

547
00:25:56,680 --> 00:25:58,480
Speaker 2: just to put you on the spot, what happened to

548
00:25:58,560 --> 00:26:00,879
Speaker 2: was villa? Did they sell that they fight over it

549
00:26:00,920 --> 00:26:02,080
Speaker 2: or what happened to her?

550
00:26:02,560 --> 00:26:04,480
Speaker 17: I think it might still be up for sale?

551
00:26:04,680 --> 00:26:09,560
Speaker 2: No way? Can you? Can you check the retail? I mean,

552
00:26:09,560 --> 00:26:11,000
Speaker 2: I'm not going to buy it. I don't have the money,

553
00:26:11,000 --> 00:26:12,360
Speaker 2: but I mean, god, have you seen it? I mean

554
00:26:12,400 --> 00:26:13,600
Speaker 2: it's so beautiful, the.

555
00:26:13,600 --> 00:26:16,080
Speaker 17: One, don't you mean the one on Sardinia, the that's

556
00:26:16,080 --> 00:26:18,280
Speaker 17: still up for sale. I haven't heard of sale going through.

557
00:26:18,200 --> 00:26:23,160
Speaker 2: Legend Garden and just yeah, it's impressive. Is just let

558
00:26:23,160 --> 00:26:25,840
Speaker 2: me know if it's still for sale. Get one fond too.

559
00:26:25,880 --> 00:26:28,439
Speaker 2: It nice to see you, Joe, Joe mc in Italy.

560
00:26:28,880 --> 00:26:32,119
Speaker 2: The numbers from the campaign, So no one's touching Harris.

561
00:26:32,640 --> 00:26:34,240
Speaker 2: She's crossed, as I told you the other day, a

562
00:26:34,280 --> 00:26:36,880
Speaker 2: billion and so she's rolling in dough even though they're

563
00:26:36,920 --> 00:26:41,560
Speaker 2: asking for more filings. The smrning though for September showed

564
00:26:41,560 --> 00:26:45,520
Speaker 2: Trump brought in a lot of money, but most of

565
00:26:45,560 --> 00:26:48,959
Speaker 2: it came from three peoples. One was called Miriam and

566
00:26:49,000 --> 00:26:51,320
Speaker 2: she's into casino so she handed over quite a bit.

567
00:26:51,840 --> 00:26:54,040
Speaker 2: And another one was called Elison, and the other one

568
00:26:54,160 --> 00:26:57,359
Speaker 2: was called Elon. Elon gave seventy five as a million

569
00:26:57,560 --> 00:27:02,640
Speaker 2: to a super pack, So just three billionaires handed over

570
00:27:02,680 --> 00:27:04,680
Speaker 2: two hundred and twenty million dollars. So Trump is being

571
00:27:04,720 --> 00:27:07,240
Speaker 2: funded by rich people and Carmel has been funded by

572
00:27:07,240 --> 00:27:09,440
Speaker 2: the American people. So there's optics that are don't know

573
00:27:09,480 --> 00:27:11,920
Speaker 2: if anyone cares or not, but the amount of money

574
00:27:11,920 --> 00:27:14,760
Speaker 2: that's been spent is astonishing, and still it's a tight race.

575
00:27:15,119 --> 00:27:16,359
Speaker 2: Nine away from seven.

576
00:27:17,760 --> 00:27:22,000
Speaker 1: Call the Mike Hosking Breakfast with a Vida Retirement. Communities

577
00:27:22,119 --> 00:27:22,960
Speaker 1: News togs.

578
00:27:22,720 --> 00:27:25,080
Speaker 2: Had been book research, Salton and Brunei was looking at

579
00:27:25,119 --> 00:27:27,640
Speaker 2: it for in June at about half a billion as

580
00:27:27,640 --> 00:27:31,439
Speaker 2: in euro In July they were going to turn it

581
00:27:31,480 --> 00:27:35,440
Speaker 2: into a museum. So clearly fluid Trump I was telling

582
00:27:35,480 --> 00:27:39,920
Speaker 2: you yesterday about his new coin didn't sell that well.

583
00:27:40,200 --> 00:27:42,760
Speaker 2: They only got forty three hundred unique wallet addresses. This

584
00:27:42,840 --> 00:27:45,320
Speaker 2: is all cryptos stuff. Of course, only forty three hundred.

585
00:27:45,359 --> 00:27:47,359
Speaker 2: They had one hundred thousand lined up, they said, but

586
00:27:47,400 --> 00:27:49,440
Speaker 2: only forty three hundred brought. And of course the other

587
00:27:49,440 --> 00:27:52,240
Speaker 2: problem was the website crashed a lot five minutes away

588
00:27:52,240 --> 00:27:52,720
Speaker 2: from seven.

589
00:27:53,840 --> 00:27:55,439
Speaker 16: All the inns and the outs.

590
00:27:55,720 --> 00:27:56,880
Speaker 14: It's the biz.

591
00:27:57,080 --> 00:28:00,840
Speaker 1: With business Fiber, take your business productivity to the next level.

592
00:28:01,040 --> 00:28:03,080
Speaker 2: Course the US. Tom Brady's an NFL owner. He and

593
00:28:03,119 --> 00:28:05,320
Speaker 2: his business partner paid over three hundred and thirty million

594
00:28:05,400 --> 00:28:07,919
Speaker 2: yesterday for ten percent stake in the Raiders Las Vegas

595
00:28:07,920 --> 00:28:10,600
Speaker 2: five percent each, just the third player in history to

596
00:28:10,640 --> 00:28:12,680
Speaker 2: be able to do this. He also works for Fox,

597
00:28:12,720 --> 00:28:14,200
Speaker 2: and then that's the problem. By the way, he got

598
00:28:14,200 --> 00:28:17,160
Speaker 2: that ten percent at a heavily discounted rate. They agreed

599
00:28:17,200 --> 00:28:19,200
Speaker 2: to sell the ten percent at a valuation of three

600
00:28:19,240 --> 00:28:23,359
Speaker 2: and a half billion. Team's actually worth seven anyway. He

601
00:28:23,400 --> 00:28:25,760
Speaker 2: works for Fox, and that's a good deal too. He's

602
00:28:25,760 --> 00:28:27,359
Speaker 2: on a ten year deal for six hundred and twenty

603
00:28:27,359 --> 00:28:31,360
Speaker 2: million as their lead analyst. He's not bad. He's not brilliant,

604
00:28:31,440 --> 00:28:34,359
Speaker 2: but he's not bad anyway. Be bad as may be,

605
00:28:34,480 --> 00:28:37,919
Speaker 2: that as it may. There are restrictions in being an owner,

606
00:28:38,080 --> 00:28:41,120
Speaker 2: and Fox have got problems with us because as an owner,

607
00:28:41,160 --> 00:28:45,120
Speaker 2: Brady is not allowed to enter another team's facility. He's

608
00:28:45,160 --> 00:28:47,760
Speaker 2: not permitted to witness practice, he's not permitted to attend

609
00:28:47,800 --> 00:28:51,960
Speaker 2: broadcast production meetings. He's prohibited from publicly criticizing game officials

610
00:28:51,960 --> 00:28:54,280
Speaker 2: and other clubs. He's subject for the leagu's gambling policy,

611
00:28:54,280 --> 00:28:56,920
Speaker 2: and he's subject for the leagu's anti tampering policies, many

612
00:28:56,920 --> 00:29:00,640
Speaker 2: of which might well be a problem because lists sit

613
00:29:00,720 --> 00:29:03,800
Speaker 2: down and meet with players, they do that in their facility.

614
00:29:04,120 --> 00:29:06,520
Speaker 2: They need to be in the facility when they're doing

615
00:29:06,520 --> 00:29:08,920
Speaker 2: the commentary and all of that. So who knows where

616
00:29:08,920 --> 00:29:13,640
Speaker 2: this goes. Best news yesterday as regards Tom Brady, Vicinity

617
00:29:13,720 --> 00:29:16,040
Speaker 2: became the owner de Bonte. Adams, who's one of the

618
00:29:16,040 --> 00:29:18,840
Speaker 2: best players in the league as a wide receiver, has

619
00:29:18,880 --> 00:29:21,080
Speaker 2: wanted to leave the Raiders for Ages and got traded

620
00:29:21,120 --> 00:29:24,320
Speaker 2: to the New York Jets, where he reconvenes with Aaron Rodgers,

621
00:29:24,320 --> 00:29:26,640
Speaker 2: this old mate from the Green Pay packadays and if

622
00:29:26,760 --> 00:29:28,640
Speaker 2: the Jets are going to turn around this season, they

623
00:29:28,640 --> 00:29:32,560
Speaker 2: need somebody liked Bonte Adams. So Brady turns up as

624
00:29:32,560 --> 00:29:34,440
Speaker 2: a new owner and goes, hey, guys, what's happening to go? Well,

625
00:29:34,440 --> 00:29:36,880
Speaker 2: that guy there, Devonte, he's just left the building, so

626
00:29:36,880 --> 00:29:39,160
Speaker 2: he's going to have to think about all of that now. Inflation.

627
00:29:39,520 --> 00:29:43,720
Speaker 2: Nikola Willis, Minister of Finance. Have we overcooked? It will

628
00:29:43,720 --> 00:29:44,920
Speaker 2: be my opening question.

629
00:29:45,160 --> 00:29:50,120
Speaker 1: Shortly, You're Trusted Home the News for Entertainments, Opinion and

630
00:29:50,440 --> 00:29:53,880
Speaker 1: Mike the Mike Hosking Breakfast with the range Rover villa

631
00:29:54,360 --> 00:29:57,120
Speaker 1: designed to intrigue and use Tog's head bell.

632
00:29:57,280 --> 00:29:59,320
Speaker 2: Seven past seven. So the theme if yesterday was with

633
00:29:59,360 --> 00:30:01,520
Speaker 2: inflation at tw two point two percent, it's over or

634
00:30:01,680 --> 00:30:04,040
Speaker 2: is it? I mean, questions remain around the non tradable

635
00:30:04,040 --> 00:30:05,960
Speaker 2: figure which is four point nine and still an issue.

636
00:30:05,960 --> 00:30:07,600
Speaker 2: I would have thought then the question of what the

637
00:30:07,600 --> 00:30:10,000
Speaker 2: Reserve Bank does next month. Of course, Finance Minister Nikola

638
00:30:10,040 --> 00:30:12,760
Speaker 2: Willis with us. Good morning, Good morning, Matty, as you

639
00:30:12,800 --> 00:30:14,720
Speaker 2: were celebrating yesterday as well you might because you're the

640
00:30:14,720 --> 00:30:17,160
Speaker 2: finance minister and a politician. Can I suggest to you

641
00:30:17,200 --> 00:30:19,800
Speaker 2: it never had to be this bad. We've had three recessions,

642
00:30:19,800 --> 00:30:21,360
Speaker 2: tens of thousands of people out of work, in a

643
00:30:21,400 --> 00:30:23,760
Speaker 2: shed load of people bail on the country. It could

644
00:30:23,800 --> 00:30:26,360
Speaker 2: have been done better, couldn't it look look like?

645
00:30:26,400 --> 00:30:28,720
Speaker 19: I'm absolutely with you. There is no question that the

646
00:30:28,800 --> 00:30:32,920
Speaker 19: last government fueled inflation. They are excessive spending meant that

647
00:30:32,960 --> 00:30:36,440
Speaker 19: inflation stayed higher for longer, which meant the Reserve Bank

648
00:30:36,520 --> 00:30:40,040
Speaker 19: then pranked interest rates higher than would otherwise have had

649
00:30:40,040 --> 00:30:41,880
Speaker 19: to have been the case, and we are feeling the

650
00:30:41,920 --> 00:30:44,280
Speaker 19: pain of that in our economy now. There was no

651
00:30:44,440 --> 00:30:49,040
Speaker 19: question about that. But I need to look forward because

652
00:30:49,080 --> 00:30:51,480
Speaker 19: my job is to set the conditions for future growth.

653
00:30:51,520 --> 00:30:54,760
Speaker 19: And I have said one of the consistent things growing

654
00:30:54,800 --> 00:30:58,600
Speaker 19: economies around the world have as they have low stable inflation,

655
00:30:58,960 --> 00:31:02,640
Speaker 19: that allows for interest rates to be reasonable, That allows

656
00:31:02,680 --> 00:31:07,000
Speaker 19: businesses to borrow, that allows mortgages to have the people

657
00:31:07,000 --> 00:31:09,240
Speaker 19: with mortgages to have spare cash. So we have set

658
00:31:09,280 --> 00:31:11,440
Speaker 19: the conditions for growth. So it was a great day.

659
00:31:11,560 --> 00:31:14,200
Speaker 2: Right, what's neutral for a cash rate? Do you reckon?

660
00:31:15,920 --> 00:31:18,360
Speaker 19: Look that that depends There are lots of factors that

661
00:31:18,440 --> 00:31:21,480
Speaker 19: go into it. What people across the world are saying, give.

662
00:31:21,400 --> 00:31:24,440
Speaker 2: Me a number numbers of New Zealand job.

663
00:31:25,400 --> 00:31:26,880
Speaker 19: No, no, I'm not going to I'm not going to

664
00:31:26,920 --> 00:31:29,560
Speaker 19: do Adrian's job. You know, We've had this discussion before.

665
00:31:29,680 --> 00:31:32,000
Speaker 19: I don't do that job. He does his job.

666
00:31:32,080 --> 00:31:34,120
Speaker 2: Well, that's part of the problem though. Hence my first

667
00:31:34,160 --> 00:31:37,120
Speaker 2: question is it does he do his job with three recessions?

668
00:31:38,600 --> 00:31:40,800
Speaker 19: Look, there is no question, as I said, that New

669
00:31:40,880 --> 00:31:43,880
Speaker 19: Zealand has come through a very difficult time. We've had

670
00:31:44,080 --> 00:31:47,880
Speaker 19: highly restrictive monetary policy, but of course that followed a

671
00:31:47,920 --> 00:31:51,200
Speaker 19: period in which we had highly loose monetary policy in

672
00:31:51,240 --> 00:31:55,200
Speaker 19: which we did huge amounts of money printing, quantitative easing,

673
00:31:55,760 --> 00:31:58,920
Speaker 19: where late rates were kept low for a very long time.

674
00:31:59,000 --> 00:32:02,160
Speaker 19: And I've been openly critical in the past of the

675
00:32:02,200 --> 00:32:05,800
Speaker 19: Reserve Bank's decision making following COVID, where I think it

676
00:32:05,880 --> 00:32:08,640
Speaker 19: was very very loose in its monetary policy, combined with

677
00:32:08,840 --> 00:32:12,320
Speaker 19: very loose fiscal policy from the government, and that did

678
00:32:12,440 --> 00:32:14,920
Speaker 19: lead to a situation which has taken a long time

679
00:32:14,920 --> 00:32:15,479
Speaker 19: to unwind.

680
00:32:15,520 --> 00:32:16,360
Speaker 10: It's been three and.

681
00:32:16,400 --> 00:32:17,280
Speaker 4: A half years.

682
00:32:17,400 --> 00:32:19,080
Speaker 2: Yes, I know, But the here and now, which is

683
00:32:19,120 --> 00:32:21,400
Speaker 2: where you are right now fifty or seventy five, And

684
00:32:21,440 --> 00:32:24,160
Speaker 2: if it's seventy five, that's tantamount to admission of a mistake.

685
00:32:24,200 --> 00:32:26,160
Speaker 2: He's overcooked, it isn't it. I'm worried about the number.

686
00:32:26,160 --> 00:32:27,920
Speaker 2: The number was lower than what they expected, and I

687
00:32:28,000 --> 00:32:30,120
Speaker 2: just wonder if it's still going down too low, too slow.

688
00:32:31,200 --> 00:32:33,560
Speaker 19: Well, look, here's the way I look at it. When

689
00:32:33,600 --> 00:32:38,160
Speaker 19: I look ahead to the next the next decision in November,

690
00:32:38,640 --> 00:32:41,640
Speaker 19: what is the Reserve Bank governor going to be looking at.

691
00:32:41,640 --> 00:32:44,000
Speaker 19: He's going to be looking at how the economy is

692
00:32:44,040 --> 00:32:47,880
Speaker 19: functioning and how monetary policy is transmitting through and if

693
00:32:47,920 --> 00:32:51,760
Speaker 19: he chooses to reduce interest rates further, that will be

694
00:32:51,880 --> 00:32:54,960
Speaker 19: good for many many businesses who will then think, Yep,

695
00:32:55,080 --> 00:32:57,120
Speaker 19: I'm going to actually borrow and I'm going to expand,

696
00:32:57,160 --> 00:32:58,959
Speaker 19: and I'm going to buy that new machinery and I'm

697
00:32:58,960 --> 00:33:01,920
Speaker 19: going to start that overseas market. So I need to

698
00:33:01,960 --> 00:33:04,920
Speaker 19: look forward, and I know that the conditions we need

699
00:33:04,960 --> 00:33:07,560
Speaker 19: for the growth that will lead to the hir incomes.

700
00:33:07,800 --> 00:33:10,040
Speaker 19: The better choices that I want New Zealanders to have

701
00:33:10,280 --> 00:33:13,200
Speaker 19: is low, stable inflation, interest rates coming down.

702
00:33:13,240 --> 00:33:16,040
Speaker 2: So I make Since we last talked, you open those

703
00:33:16,080 --> 00:33:18,200
Speaker 2: books I can't remember your word, but it was sober

704
00:33:18,240 --> 00:33:21,200
Speaker 2: or depressing or miserable or something one sixty seven billion

705
00:33:21,240 --> 00:33:22,720
Speaker 2: in but you're spending one to eighty Why are you

706
00:33:22,800 --> 00:33:24,560
Speaker 2: spending so much money when you don't have it as

707
00:33:24,560 --> 00:33:25,760
Speaker 2: a conservative chancellor?

708
00:33:26,680 --> 00:33:29,400
Speaker 19: Because we had one of the most extreme increases in

709
00:33:29,440 --> 00:33:32,800
Speaker 19: government spending that New Zealand has seen under the last government.

710
00:33:32,880 --> 00:33:36,040
Speaker 19: It went from under thirty percent or like twenty percent

711
00:33:36,120 --> 00:33:38,920
Speaker 19: of the gross domestic product up to as god as

712
00:33:38,960 --> 00:33:41,920
Speaker 19: high as thirty four percent. And we are now unwinding that.

713
00:33:42,240 --> 00:33:45,560
Speaker 19: And that is not something that we can do immediately

714
00:33:45,640 --> 00:33:49,000
Speaker 19: overnight without causing massive pain to New Zealanders. But we

715
00:33:49,080 --> 00:33:52,040
Speaker 19: have set out a plan that sees us unwinding that

716
00:33:52,240 --> 00:33:56,960
Speaker 19: over time real restraint with the smallest operating allowance since

717
00:33:57,320 --> 00:34:00,480
Speaker 19: Steven Joyce lower operating allowances in the future that will

718
00:34:00,520 --> 00:34:04,720
Speaker 19: require us to keep making pretty difficult choices to put

719
00:34:04,760 --> 00:34:07,640
Speaker 19: the lid down. That's important that we do it for

720
00:34:07,760 --> 00:34:11,920
Speaker 19: New Zealand because actually having well managed finances that ensure

721
00:34:11,920 --> 00:34:14,920
Speaker 19: that we're not racking up huge amounts of debt is

722
00:34:14,960 --> 00:34:17,640
Speaker 19: important for the way we're viewed internationally. It's important for

723
00:34:17,640 --> 00:34:20,320
Speaker 19: the interest rates New Zealand is pay It's important for

724
00:34:20,400 --> 00:34:21,880
Speaker 19: my kids so that they don't look at me in

725
00:34:21,920 --> 00:34:23,719
Speaker 19: the eye and say, Mum, you throw all the debt

726
00:34:23,760 --> 00:34:26,319
Speaker 19: at us. So we are working on that. We are

727
00:34:26,320 --> 00:34:28,879
Speaker 19: doing it gradually, we are doing it responsibly, We're doing

728
00:34:28,880 --> 00:34:29,399
Speaker 19: it the right way.

729
00:34:29,480 --> 00:34:31,560
Speaker 2: Give between ten seconds you worried about ACC.

730
00:34:33,080 --> 00:34:36,440
Speaker 19: I do want to see ACC managing its costs much better.

731
00:34:36,760 --> 00:34:42,719
Speaker 19: ACC contributes to New Zealand's deficit considerably. But also when

732
00:34:42,880 --> 00:34:46,520
Speaker 19: ACC is not managing its costs well, every single worker

733
00:34:46,600 --> 00:34:50,000
Speaker 19: pays a higher levy and I don't like those costs

734
00:34:50,040 --> 00:34:53,279
Speaker 19: continuing to go up five percent every year or more

735
00:34:53,400 --> 00:34:55,719
Speaker 19: when it comes to some of the fees. So yeah,

736
00:34:55,719 --> 00:34:58,120
Speaker 19: we're taking a good hard look at ACC to make

737
00:34:58,160 --> 00:35:00,600
Speaker 19: sure that it is well run and that they are

738
00:35:00,719 --> 00:35:02,120
Speaker 19: keeping their costs.

739
00:35:01,760 --> 00:35:04,840
Speaker 2: Down as indeed will we because we've got the the

740
00:35:04,840 --> 00:35:07,200
Speaker 2: head of ASC on after seven to thirtyppreciate time. Nicola

741
00:35:07,200 --> 00:35:10,360
Speaker 2: Willis Finance Minister twelve and it's past seven pask D

742
00:35:10,520 --> 00:35:13,640
Speaker 2: Day of sorts for Wellington Local government. Minister meets with

743
00:35:13,680 --> 00:35:15,640
Speaker 2: the mayor work out where to go. There was an

744
00:35:15,719 --> 00:35:18,160
Speaker 2: urgent meeting yesterday with the council. Of course, Councilor. Nikola

745
00:35:18,280 --> 00:35:21,799
Speaker 2: Young is with us, Niccola, morning to you. What do

746
00:35:21,800 --> 00:35:25,480
Speaker 2: you reckon happens today as regards just put her on

747
00:35:25,560 --> 00:35:28,320
Speaker 2: ill fully? What do you reckon happens today as regards

748
00:35:28,360 --> 00:35:30,319
Speaker 2: the meeting with the minister? Right, the phone's frozen. We'll

749
00:35:30,360 --> 00:35:31,920
Speaker 2: come back to that in just a couple of moments. Mike,

750
00:35:31,960 --> 00:35:34,040
Speaker 2: morning to you. Can you please and I was hoping

751
00:35:34,040 --> 00:35:35,919
Speaker 2: I could escape this today but I don't think I can.

752
00:35:36,280 --> 00:35:39,520
Speaker 2: Can you please explain why Jacinda as given her knighthood

753
00:35:39,520 --> 00:35:42,960
Speaker 2: by Prince William rather than our governor General optics. Probably

754
00:35:43,000 --> 00:35:45,160
Speaker 2: she lives with the Baubles. Yes, interesting point. More in

755
00:35:45,200 --> 00:35:47,080
Speaker 2: a moment thirteen past seven the.

756
00:35:47,960 --> 00:35:52,359
Speaker 1: Mike Asking Breakfast Full Show podcast on iHeartRadio powered by

757
00:35:52,440 --> 00:35:54,279
Speaker 1: News Talks at b News Talks.

758
00:35:54,280 --> 00:35:55,480
Speaker 2: Have we caught a past seven? I hope we've got

759
00:35:55,480 --> 00:35:57,440
Speaker 2: the phone sorted out. Apologies for that. Nicola Young, the

760
00:35:57,480 --> 00:36:01,080
Speaker 2: Wellington Councilor, with us, Good morning. Did you get any

761
00:36:01,080 --> 00:36:03,600
Speaker 2: circuit breaker type vibes out of yesterday's meeting?

762
00:36:04,440 --> 00:36:06,920
Speaker 20: Well, I'd have to say there is certainly an acceptance

763
00:36:06,960 --> 00:36:10,279
Speaker 20: by the councilors that they have to stop spending, they

764
00:36:10,320 --> 00:36:12,919
Speaker 20: have to make some spending cuts. The question is where

765
00:36:12,960 --> 00:36:15,360
Speaker 20: they make the spending cuts. The mayor is committed to

766
00:36:15,400 --> 00:36:18,600
Speaker 20: the Golden Mile, which of course most Wellingtonians, we believe,

767
00:36:18,920 --> 00:36:22,839
Speaker 20: don't want. She's talking about selling the ground leases which

768
00:36:22,840 --> 00:36:25,880
Speaker 20: are worth nearly two hundred and fifty million, but didn't

769
00:36:25,920 --> 00:36:27,719
Speaker 20: mention the fact that they're actually a major source of

770
00:36:27,760 --> 00:36:30,480
Speaker 20: revenue for the council. So the other thing is we

771
00:36:30,520 --> 00:36:34,719
Speaker 20: haven't actually got any idea how big the fiscal hole is,

772
00:36:35,239 --> 00:36:38,040
Speaker 20: and we've been told two hundred million, four hundred million,

773
00:36:38,160 --> 00:36:41,200
Speaker 20: six hundred million over ten years, so I think they're

774
00:36:41,200 --> 00:36:43,160
Speaker 20: aiming for a figure of five hundred million. But there's

775
00:36:43,200 --> 00:36:46,520
Speaker 20: no there's no sexual basis for this figure. And when

776
00:36:46,520 --> 00:36:48,520
Speaker 20: I asked about this what it was based on, I

777
00:36:48,560 --> 00:36:51,799
Speaker 20: was told, well, it's more it's an art, not a science. Well,

778
00:36:51,840 --> 00:36:53,360
Speaker 20: actually money is all about science.

779
00:36:53,360 --> 00:36:55,600
Speaker 2: This is very much the case. Does she have anything

780
00:36:55,640 --> 00:36:57,959
Speaker 2: do you know to convince Siming and Brown this morning

781
00:36:58,080 --> 00:36:59,040
Speaker 2: not to pull the trigger?

782
00:37:01,640 --> 00:37:02,480
Speaker 14: I don't think so.

783
00:37:02,840 --> 00:37:04,759
Speaker 20: I mean, we haven't got a plan, We've just got

784
00:37:04,840 --> 00:37:08,319
Speaker 20: a vague agreement that we need to address this, and

785
00:37:08,400 --> 00:37:12,040
Speaker 20: the reality of where the cuts come have not been identified.

786
00:37:12,280 --> 00:37:14,200
Speaker 20: But you know, I mean three of us who changed

787
00:37:14,239 --> 00:37:16,480
Speaker 20: our vote. You know why we changed our vote, the

788
00:37:16,520 --> 00:37:20,359
Speaker 20: three fiscally dry councilors, because we had the ability to

789
00:37:20,400 --> 00:37:23,400
Speaker 20: borrow another two hundred and fifty million in the case

790
00:37:23,480 --> 00:37:26,520
Speaker 20: of an emergency. It's called the insurance debt headroom. And

791
00:37:26,600 --> 00:37:29,560
Speaker 20: this was agreed unanimously that wouldn't be touched. And then

792
00:37:29,600 --> 00:37:32,160
Speaker 20: a week later after the vote, we found out that

793
00:37:32,239 --> 00:37:35,000
Speaker 20: it would be in case. It would be touched for

794
00:37:35,000 --> 00:37:37,560
Speaker 20: the next nine years. It was already factored into the spending,

795
00:37:37,800 --> 00:37:39,879
Speaker 20: and that's why we voted against it, because we're trying

796
00:37:39,880 --> 00:37:41,160
Speaker 20: to stop the spending.

797
00:37:41,440 --> 00:37:44,279
Speaker 2: What's your gut do you think Simming and Brown will

798
00:37:44,280 --> 00:37:45,000
Speaker 2: do something or not?

799
00:37:46,719 --> 00:37:48,000
Speaker 14: I hope so good?

800
00:37:48,040 --> 00:37:50,480
Speaker 2: All right, Nichol appreciate it very much, Nichola Young. A

801
00:37:50,480 --> 00:37:52,600
Speaker 2: lot of coverage some people talking about an election. There

802
00:37:52,640 --> 00:37:54,960
Speaker 2: will be no election. I don't know why they've come

803
00:37:55,000 --> 00:37:56,760
Speaker 2: to the conclusion that there could be a snap election.

804
00:37:57,200 --> 00:38:00,920
Speaker 2: Think it through. A snap election solves nothing because you

805
00:38:01,040 --> 00:38:04,720
Speaker 2: don't know what the election's going to provide. The only

806
00:38:04,800 --> 00:38:06,600
Speaker 2: thing the government will do if they pull the trigger

807
00:38:06,960 --> 00:38:10,239
Speaker 2: is put an observer in personally. I think that should

808
00:38:10,239 --> 00:38:12,239
Speaker 2: put a comissioner and or commissioners and do a tower

809
00:38:12,280 --> 00:38:15,600
Speaker 2: on a doing a Canterbury regional. But they could put

810
00:38:15,640 --> 00:38:18,120
Speaker 2: an observer in initially, but there's no election. So anyway,

811
00:38:18,120 --> 00:38:20,160
Speaker 2: next time you hear about the possibility of a snap election,

812
00:38:20,200 --> 00:38:21,719
Speaker 2: you forget it. People don't know what they're talking about.

813
00:38:21,719 --> 00:38:24,759
Speaker 2: Eighteen past seven skiing. The way that some people get

814
00:38:24,760 --> 00:38:27,000
Speaker 2: divorced is about to change. We've got the Family Proceedings

815
00:38:27,040 --> 00:38:30,120
Speaker 2: Amendment Bill that's passed with rare unanimous support yesterday in

816
00:38:30,160 --> 00:38:32,080
Speaker 2: the Parliament. It's called Ashley's Law or the calling at

817
00:38:32,080 --> 00:38:34,600
Speaker 2: Ashley's Law because Ashley told the story to a local

818
00:38:34,719 --> 00:38:36,719
Speaker 2: MP and Ashley is Ashley Jones is with us. Very

819
00:38:36,719 --> 00:38:37,319
Speaker 2: good morning to.

820
00:38:37,280 --> 00:38:38,680
Speaker 21: You morning mate.

821
00:38:38,800 --> 00:38:41,720
Speaker 2: Must be amazing for you, because very rarely in Parliament

822
00:38:41,719 --> 00:38:44,680
Speaker 2: one do they all agree, and two they pass something

823
00:38:44,760 --> 00:38:46,839
Speaker 2: that will stand the test of time. They will never

824
00:38:46,880 --> 00:38:50,160
Speaker 2: go back on this. So you've profoundly changed the way

825
00:38:50,200 --> 00:38:53,000
Speaker 2: we do things in this country and that must be amazing.

826
00:38:54,120 --> 00:38:57,520
Speaker 21: It's so crazy. I live. I did not expect this

827
00:38:57,640 --> 00:38:59,680
Speaker 21: so to pass unanimously. To be honest, they thought too

828
00:38:59,719 --> 00:39:04,200
Speaker 21: you passes was crazy enough. So I was very shocked,

829
00:39:04,400 --> 00:39:06,560
Speaker 21: very early on the reading when I realized it would

830
00:39:06,680 --> 00:39:09,480
Speaker 21: that I still kind of can't believe that I was

831
00:39:09,480 --> 00:39:12,239
Speaker 21: fundamental in changing a law and that's going to be

832
00:39:12,360 --> 00:39:13,359
Speaker 21: around forever.

833
00:39:13,239 --> 00:39:16,920
Speaker 2: Isn't it? Isn't that excellent? Chris Bishop? As an exercise

834
00:39:17,080 --> 00:39:20,440
Speaker 2: in going along to a local MP and the culmination

835
00:39:20,640 --> 00:39:23,239
Speaker 2: being a law passed, What are you makeable with that?

836
00:39:24,640 --> 00:39:28,279
Speaker 21: I think it's a huge reminder to people that one

837
00:39:28,719 --> 00:39:31,960
Speaker 21: voice can make change and if you fight hard enough

838
00:39:32,000 --> 00:39:33,839
Speaker 21: it has taken four years. If you fight hard enough,

839
00:39:33,920 --> 00:39:37,719
Speaker 21: you can change things that you think are not right.

840
00:39:38,320 --> 00:39:40,520
Speaker 21: I think Chris Bishop said it right last night, that

841
00:39:40,880 --> 00:39:43,160
Speaker 21: they were just fixing something that wasn't right.

842
00:39:43,320 --> 00:39:45,680
Speaker 2: Yeah, were you politically active in any way? Did you

843
00:39:45,719 --> 00:39:47,800
Speaker 2: know what was going on? Did you know Chris Bishop?

844
00:39:47,800 --> 00:39:49,719
Speaker 2: Were you active in a political scene before any of

845
00:39:49,760 --> 00:39:50,160
Speaker 2: this or not?

846
00:39:50,880 --> 00:39:51,600
Speaker 20: Absolutely not.

847
00:39:51,840 --> 00:39:54,200
Speaker 21: I was just a small town girl that had moved

848
00:39:54,239 --> 00:39:57,280
Speaker 21: up to Wellington and realized that I was up against

849
00:39:57,320 --> 00:40:00,359
Speaker 21: the system that was broken. And Chris Bishop was only

850
00:40:00,480 --> 00:40:05,280
Speaker 21: MP locally that responded to my request for a meeting.

851
00:40:06,120 --> 00:40:11,200
Speaker 21: And yeah, no previous background dealing with politics.

852
00:40:11,480 --> 00:40:13,080
Speaker 2: You're going to be a politician. Do you want to

853
00:40:13,160 --> 00:40:15,640
Speaker 2: change the system? Some more of this. This was Ashley

854
00:40:15,800 --> 00:40:16,680
Speaker 2: Jones's Day in the.

855
00:40:16,640 --> 00:40:20,440
Speaker 21: Sun I definitely have other things that I want to tackle.

856
00:40:20,520 --> 00:40:23,400
Speaker 21: Neck Chris has asked when I'm going to become an

857
00:40:23,480 --> 00:40:25,800
Speaker 21: MP that right now. I do love my day jobs,

858
00:40:25,880 --> 00:40:29,719
Speaker 21: so we will see that. Yeah, after we break and

859
00:40:30,520 --> 00:40:33,640
Speaker 21: some recuperation after four years of fighting this one, we'll

860
00:40:33,680 --> 00:40:34,400
Speaker 21: see what's next.

861
00:40:34,520 --> 00:40:37,680
Speaker 2: Fantastic Ashley, Nice to talk to you and congratulations Ashley Jones.

862
00:40:37,840 --> 00:40:40,440
Speaker 2: Ashley's Law Call ad seven twenty.

863
00:40:41,960 --> 00:40:46,560
Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio par

864
00:40:46,680 --> 00:40:48,719
Speaker 1: of My News talksb Now.

865
00:40:48,760 --> 00:40:50,560
Speaker 2: When it comes to investing, finally, the right place for

866
00:40:50,640 --> 00:40:53,400
Speaker 2: the old heart earned is a little bit tricky, some

867
00:40:53,680 --> 00:40:55,719
Speaker 2: where you might not have explored and well worth it though,

868
00:40:55,800 --> 00:40:58,200
Speaker 2: is SBS. SBS Bank. They've been in business in this

869
00:40:58,280 --> 00:41:02,359
Speaker 2: country for one hundred and fifty five years, so not

870
00:41:02,400 --> 00:41:04,920
Speaker 2: only priding themselves on providing great rates for investors, but

871
00:41:04,920 --> 00:41:08,239
Speaker 2: they're passionately invested in the community as well. They call

872
00:41:08,280 --> 00:41:11,600
Speaker 2: it basically conserving the Kiwi dream, helping Kiwi save for

873
00:41:11,640 --> 00:41:14,080
Speaker 2: their dream futures while helping first time buyers get into

874
00:41:14,080 --> 00:41:16,440
Speaker 2: those dream homes. So what does the qwdream look like

875
00:41:16,480 --> 00:41:18,239
Speaker 2: to you? Could be a comfortable retirement of course, could

876
00:41:18,239 --> 00:41:21,360
Speaker 2: be a dream trip somewhere tropical SBS Bank. They're offering

877
00:41:21,360 --> 00:41:23,560
Speaker 2: a great term investment rate at the moment special rate

878
00:41:23,600 --> 00:41:26,040
Speaker 2: of six point one percent for six months to help

879
00:41:26,080 --> 00:41:28,560
Speaker 2: bring that dream a little bit closer. Feel good investing

880
00:41:28,600 --> 00:41:31,280
Speaker 2: basically in your qwdream and a great rate while conserving

881
00:41:31,320 --> 00:41:32,759
Speaker 2: the qwdream for generations to come.

882
00:41:32,800 --> 00:41:32,920
Speaker 9: Now.

883
00:41:32,960 --> 00:41:36,040
Speaker 2: Rates are subject to change. Minimum investment terms and conditions apply.

884
00:41:36,320 --> 00:41:39,160
Speaker 2: Offer available for a limited time, obviously, so for more information,

885
00:41:39,320 --> 00:41:42,160
Speaker 2: SBS bank dot co dot Nz. You got it, SBS

886
00:41:42,160 --> 00:41:46,160
Speaker 2: bank dot co dot Nz search term investment and start

887
00:41:46,200 --> 00:41:50,160
Speaker 2: banking with heart with SBS pasking five seven twenty four.

888
00:41:50,160 --> 00:41:53,720
Speaker 2: I assume you're as excited as I am for today

889
00:41:54,520 --> 00:41:59,000
Speaker 2: is decision day. It's meeting day, It's deal with Darlene Day.

890
00:41:59,040 --> 00:42:00,680
Speaker 2: Oh you thought I was going to talk about Wellington,

891
00:42:00,719 --> 00:42:03,480
Speaker 2: didn't you steal with Darlene Day. Darlene is off to

892
00:42:03,560 --> 00:42:06,400
Speaker 2: court as you do. But the party, her former party,

893
00:42:06,640 --> 00:42:09,399
Speaker 2: is going to have another meeting and it suggested they

894
00:42:09,480 --> 00:42:12,800
Speaker 2: may even make a decision. They need seventy five percent

895
00:42:12,840 --> 00:42:15,040
Speaker 2: to boot her out of Parliament via the Walker jumping law.

896
00:42:15,080 --> 00:42:17,160
Speaker 2: I got no idea whether they'll get that or not.

897
00:42:17,480 --> 00:42:19,080
Speaker 2: If you haven't followed this, and I don't blame you.

898
00:42:19,520 --> 00:42:21,920
Speaker 2: Trying to understand the way the Greens think requires tremendous

899
00:42:21,960 --> 00:42:24,440
Speaker 2: patience and quite possibly a lot of cannabis. But they

900
00:42:24,440 --> 00:42:27,000
Speaker 2: don't like walker jumping in the law, so to have

901
00:42:27,120 --> 00:42:28,880
Speaker 2: to use it would rub a lot of them up

902
00:42:28,880 --> 00:42:32,080
Speaker 2: the wrong way. But Darlene with her actions, has already

903
00:42:32,160 --> 00:42:34,920
Speaker 2: rubbed them up the wrong way. So it's just a

904
00:42:34,920 --> 00:42:38,920
Speaker 2: matter perhaps of working out which feels less rubby Tana

905
00:42:39,040 --> 00:42:41,319
Speaker 2: or the law you dislike. Now, at some point, as

906
00:42:41,320 --> 00:42:43,839
Speaker 2: I've suggested before, they might like to look at their

907
00:42:43,840 --> 00:42:47,279
Speaker 2: candidate selection process, because I assume at one of their

908
00:42:47,320 --> 00:42:50,920
Speaker 2: preceding meetings somebody has had the wherewithal to say something like, hey, guys,

909
00:42:51,520 --> 00:42:54,000
Speaker 2: have you noticed how many halfwits we've ended up selecting

910
00:42:54,040 --> 00:42:55,840
Speaker 2: that have gone on to make fools of us? Couple

911
00:42:55,880 --> 00:42:59,279
Speaker 2: of procedural things you must never forget. The party has

912
00:42:59,320 --> 00:43:01,279
Speaker 2: never released the Force report into tan, and now you

913
00:43:01,320 --> 00:43:03,719
Speaker 2: might want to ask yourself why not. Also, you might

914
00:43:03,719 --> 00:43:07,359
Speaker 2: have noticed how astonishingly long it's taken to get to

915
00:43:07,400 --> 00:43:09,880
Speaker 2: this point, and that might just be a warning as

916
00:43:09,880 --> 00:43:11,919
Speaker 2: to what sort of approach to matters they may take

917
00:43:12,200 --> 00:43:14,080
Speaker 2: should they ever be in power in a cabinet that

918
00:43:14,120 --> 00:43:17,319
Speaker 2: actually requires adults to make sharpest sort of decisions. As

919
00:43:17,320 --> 00:43:19,960
Speaker 2: for today, well, they have to boot her out, one

920
00:43:20,480 --> 00:43:23,399
Speaker 2: because she is a reprobate, but two because they've made

921
00:43:23,520 --> 00:43:26,080
Speaker 2: such a meal of her performance and behavior. Not to

922
00:43:26,120 --> 00:43:28,440
Speaker 2: boot her out is to see her win, and to

923
00:43:28,440 --> 00:43:31,240
Speaker 2: see her win would make absolute fools of the party.

924
00:43:31,600 --> 00:43:33,719
Speaker 2: That's not to say that won't happen, because it's the

925
00:43:33,719 --> 00:43:35,719
Speaker 2: Greens and they're not like the rest of us. But

926
00:43:36,280 --> 00:43:39,440
Speaker 2: it might just be that one of Parliament's bigger embarrassments

927
00:43:39,480 --> 00:43:42,799
Speaker 2: is about to and not a moment too soon, get

928
00:43:42,880 --> 00:43:46,719
Speaker 2: her come up and asking Mike Jinda being honored for

929
00:43:46,800 --> 00:43:53,160
Speaker 2: shredding the countryuous look, I hesitate to criticize people who

930
00:43:53,200 --> 00:43:56,600
Speaker 2: receive the nation's highest honor. And damehood is a damehood

931
00:43:56,600 --> 00:43:58,440
Speaker 2: and you can't take that away from her. You can

932
00:43:58,600 --> 00:44:01,480
Speaker 2: argue as to why and how she got it. You

933
00:44:01,480 --> 00:44:04,160
Speaker 2: can offer up a couple of thoughts, as I'm about

934
00:44:04,160 --> 00:44:06,160
Speaker 2: to do, funnily enough, as to why she was doing

935
00:44:06,239 --> 00:44:09,960
Speaker 2: it at Windsor and not in New Zealand. And my

936
00:44:10,160 --> 00:44:12,239
Speaker 2: strong suspicion, and let me tell you a little insight.

937
00:44:12,280 --> 00:44:13,839
Speaker 2: There's a book coming out next year, and I won't

938
00:44:13,840 --> 00:44:16,760
Speaker 2: tell you who by, but it's about her and I'm

939
00:44:16,800 --> 00:44:18,319
Speaker 2: involved in it. They talk to me about it. They

940
00:44:18,320 --> 00:44:21,360
Speaker 2: wanted an opinion on her, and I felt it necessary

941
00:44:21,440 --> 00:44:23,680
Speaker 2: to offer that opinion because my great fear in the

942
00:44:23,719 --> 00:44:25,879
Speaker 2: writing of the book it would be an opinion full

943
00:44:25,920 --> 00:44:30,200
Speaker 2: of lobbies who are blinded by her. But here's the cold,

944
00:44:30,200 --> 00:44:32,160
Speaker 2: hard reality. I doubt she'll ever come back to the

945
00:44:32,160 --> 00:44:35,239
Speaker 2: country and the way she conducts herself these days, in

946
00:44:35,320 --> 00:44:39,880
Speaker 2: terms of speaking and money and ball balls and traveling

947
00:44:39,880 --> 00:44:42,520
Speaker 2: to Windsor to see William to giggle as he did

948
00:44:42,800 --> 00:44:45,360
Speaker 2: as he awarded her the look at the British Press.

949
00:44:45,360 --> 00:44:49,840
Speaker 2: William giggles as he hands her the award. It's to

950
00:44:50,040 --> 00:44:54,160
Speaker 2: still live in this country dealing with the literal economic

951
00:44:54,280 --> 00:44:59,719
Speaker 2: damage that she put in front of us is a

952
00:44:59,719 --> 00:45:03,440
Speaker 2: great to be Frank, and I wish you well. Generally

953
00:45:03,520 --> 00:45:04,920
Speaker 2: she can get on with her life and do whatever

954
00:45:04,960 --> 00:45:07,719
Speaker 2: she wants, but it does remind us on days like

955
00:45:07,840 --> 00:45:10,759
Speaker 2: this just what she did to the place and to

956
00:45:10,840 --> 00:45:13,359
Speaker 2: be rewarded for that leaves you a bit sick.

957
00:45:14,680 --> 00:45:18,759
Speaker 1: The newsmakers and the personalities the big names talk to,

958
00:45:19,120 --> 00:45:23,240
Speaker 1: like my costing breakfast with Bailey's real Estate, your local

959
00:45:23,280 --> 00:45:27,120
Speaker 1: experts across residential, commercial and rural news talks had been.

960
00:45:27,080 --> 00:45:30,840
Speaker 2: Toney quinnon great success story started with nothing in Scotland.

961
00:45:30,920 --> 00:45:34,440
Speaker 2: Turns out he owns Hampton Downs and Highland's Motorsport Park

962
00:45:34,440 --> 00:45:36,919
Speaker 2: and Tarpeau and he's made his fortune and your pet food.

963
00:45:36,920 --> 00:45:38,480
Speaker 2: It's a good story anyway. He's back with us on

964
00:45:38,520 --> 00:45:41,799
Speaker 2: the program upter eight o'clock this morning. Meantime, ACC back

965
00:45:41,800 --> 00:45:43,879
Speaker 2: in trouble again. They've got themselves a seven billion dollar

966
00:45:43,960 --> 00:45:46,520
Speaker 2: hole and when they balance the books it's us who pays,

967
00:45:46,560 --> 00:45:47,880
Speaker 2: of course, so lebbies are going to have to go

968
00:45:47,960 --> 00:45:50,719
Speaker 2: up ACC's chief executive as Meghan Maine, who is we

969
00:45:50,880 --> 00:45:53,440
Speaker 2: us good morning cur to make So from the black

970
00:45:53,520 --> 00:45:55,279
Speaker 2: last year to the red this year to the tune

971
00:45:55,280 --> 00:45:57,680
Speaker 2: of over seven billion dollars, does that make you sort

972
00:45:57,680 --> 00:45:59,200
Speaker 2: of health New Zealand two point zero.

973
00:46:01,200 --> 00:46:03,560
Speaker 6: Look, there's a couple of things going on with that number.

974
00:46:03,719 --> 00:46:03,959
Speaker 16: Mic.

975
00:46:04,719 --> 00:46:07,439
Speaker 6: In terms of the deficit, there's the money we spend

976
00:46:07,560 --> 00:46:10,200
Speaker 6: during the year, which is about seven billion, which is

977
00:46:10,239 --> 00:46:13,839
Speaker 6: about what we budgeted. But the bigger factor is the

978
00:46:13,880 --> 00:46:18,319
Speaker 6: calculation today of the lifetime cost of the injuries that

979
00:46:18,360 --> 00:46:22,920
Speaker 6: have already occurred, and that that recalculation is the is

980
00:46:22,960 --> 00:46:26,240
Speaker 6: the big driver of that seven point two billion dollar deficit.

981
00:46:27,080 --> 00:46:31,080
Speaker 6: That lifetime calculation went up by eight point seven billion

982
00:46:31,160 --> 00:46:39,880
Speaker 6: during the year. It's a mathematical estimate by actories who

983
00:46:40,040 --> 00:46:44,560
Speaker 6: use a lot of assumptions. They use economic assumptions, population assumptions,

984
00:46:44,600 --> 00:46:49,359
Speaker 6: inflation assumptions, so it's a best estimate, and there's three

985
00:46:49,400 --> 00:46:50,200
Speaker 6: aspects to it.

986
00:46:50,239 --> 00:46:50,520
Speaker 14: Really.

987
00:46:50,560 --> 00:46:54,600
Speaker 6: One is the expected cost increase. The scheme is still growing.

988
00:46:54,800 --> 00:46:58,680
Speaker 6: Even at fifty years. We still get more claims coming

989
00:46:58,760 --> 00:47:01,799
Speaker 6: in than the exit each year, so that's a big

990
00:47:01,840 --> 00:47:06,520
Speaker 6: part of the increase. The unexpected aspect this year was

991
00:47:06,680 --> 00:47:09,560
Speaker 6: a couple of court decisions which landed in December.

992
00:47:09,880 --> 00:47:11,640
Speaker 2: Just sorry, harder up, let me ask you about those

993
00:47:11,680 --> 00:47:14,440
Speaker 2: are those parts? My understanding of those court cases is

994
00:47:14,480 --> 00:47:17,080
Speaker 2: you haven't worked through the implications. Is that true or not.

995
00:47:18,760 --> 00:47:22,200
Speaker 6: We're working hard to work through what those decisions mean.

996
00:47:22,680 --> 00:47:25,759
Speaker 6: We have started applying it though, from the date of

997
00:47:25,800 --> 00:47:29,600
Speaker 6: the court decision, so we've got interim guidance that our

998
00:47:29,840 --> 00:47:33,400
Speaker 6: experts staff are using with current and new clients who

999
00:47:33,440 --> 00:47:37,719
Speaker 6: are victims of sexual assault. But it will take a

1000
00:47:37,760 --> 00:47:41,440
Speaker 6: while to work through the full implications and how we

1001
00:47:41,480 --> 00:47:42,440
Speaker 6: operationalize that.

1002
00:47:42,560 --> 00:47:44,200
Speaker 2: So you've been lumped with that. This is the stuff

1003
00:47:44,239 --> 00:47:45,920
Speaker 2: I feel sorry for you. I mean, not that they

1004
00:47:45,960 --> 00:47:47,680
Speaker 2: shouldn't rule the way they did. I'm just saying that

1005
00:47:47,680 --> 00:47:49,600
Speaker 2: suddenly you wake up one morning there's a court case

1006
00:47:49,640 --> 00:47:51,760
Speaker 2: and there's a whole bunch of clients that you didn't

1007
00:47:51,840 --> 00:47:54,279
Speaker 2: know you were getting. Yeah.

1008
00:47:54,320 --> 00:47:57,799
Speaker 6: Well, and you know, Mike, this is a really complex

1009
00:47:57,920 --> 00:48:02,640
Speaker 6: area of the law of acc boundary issues. You know,

1010
00:48:02,680 --> 00:48:05,720
Speaker 6: this is about people who were sexually abused as children.

1011
00:48:06,120 --> 00:48:09,359
Speaker 6: So we need to step through this really carefully with them.

1012
00:48:10,280 --> 00:48:12,000
Speaker 6: And so that's what we're doing, and that you know,

1013
00:48:12,040 --> 00:48:14,520
Speaker 6: that's what our teams are doing. How much but I

1014
00:48:14,560 --> 00:48:19,040
Speaker 6: do carry But there's a third aspect of the of

1015
00:48:19,120 --> 00:48:23,879
Speaker 6: the increase, and that's rehabilitation performance, and that's the thing

1016
00:48:23,920 --> 00:48:26,800
Speaker 6: we're really focused on. That's the thing most in our control,

1017
00:48:28,120 --> 00:48:31,480
Speaker 6: you know, making sure our case management is working for people.

1018
00:48:31,520 --> 00:48:34,040
Speaker 6: And frankly, you know, the best thing we can do

1019
00:48:34,280 --> 00:48:37,440
Speaker 6: for our clients the New Zealand productivity and for the

1020
00:48:37,520 --> 00:48:41,239
Speaker 6: scheme long term is help people get better faster and

1021
00:48:41,280 --> 00:48:45,080
Speaker 6: also importantly, you know, remember that we want people to

1022
00:48:45,120 --> 00:48:46,879
Speaker 6: avoid getting injured in the first place.

1023
00:48:47,120 --> 00:48:48,640
Speaker 2: Correct, I'll come to that in the moment if we

1024
00:48:48,680 --> 00:48:50,600
Speaker 2: get time. But this whole remember, I mean you may

1025
00:48:50,640 --> 00:48:52,359
Speaker 2: not have been here at the time, but remember years

1026
00:48:52,360 --> 00:48:55,239
Speaker 2: ago the physiotherapists were ripping off the system left, right

1027
00:48:55,280 --> 00:48:57,720
Speaker 2: and center, and you went along for twenty seven hundred

1028
00:48:57,800 --> 00:48:59,719
Speaker 2: sessions when you only needed three. Is there still a

1029
00:48:59,719 --> 00:49:02,200
Speaker 2: bit of in the system?

1030
00:49:02,880 --> 00:49:06,359
Speaker 6: Look, it's an entitlement scheme, you know, and we need

1031
00:49:06,400 --> 00:49:09,319
Speaker 6: to make sure that we're giving people the support they need.

1032
00:49:09,680 --> 00:49:11,759
Speaker 2: How much always I'm paying for it? I mean, do

1033
00:49:11,800 --> 00:49:13,200
Speaker 2: you need to run me down for the rest of

1034
00:49:13,200 --> 00:49:14,960
Speaker 2: my life or do we need to get back to work?

1035
00:49:16,040 --> 00:49:16,200
Speaker 8: Yeah?

1036
00:49:16,280 --> 00:49:20,000
Speaker 6: Yeah, Look, we're very mindful of fraud, of over payments,

1037
00:49:20,000 --> 00:49:22,640
Speaker 6: of over servicing, and we also work really closely with

1038
00:49:22,760 --> 00:49:26,319
Speaker 6: IRD to make sure that the people are getting the

1039
00:49:26,360 --> 00:49:29,480
Speaker 6: payments they're entitled to. But you know, your example is

1040
00:49:29,880 --> 00:49:32,640
Speaker 6: a good example of making sure that from a case

1041
00:49:32,680 --> 00:49:36,440
Speaker 6: management point of view, we're working closely with clients, particularly

1042
00:49:36,440 --> 00:49:41,200
Speaker 6: clients receiving weekly compensation they're off work. You know, we

1043
00:49:41,320 --> 00:49:43,960
Speaker 6: know there's so much evidence that being off work is

1044
00:49:44,000 --> 00:49:46,000
Speaker 6: not good for you, it's not good for your well being,

1045
00:49:46,840 --> 00:49:48,640
Speaker 6: and so we really want to make sure we're giving

1046
00:49:48,680 --> 00:49:51,680
Speaker 6: people what they need, not giving them more than they need.

1047
00:49:51,719 --> 00:49:54,680
Speaker 6: We don't want to get people dependent on the scheme.

1048
00:49:55,440 --> 00:49:58,280
Speaker 2: When Doocy comes to you as minister and go seven

1049
00:49:58,320 --> 00:50:00,520
Speaker 2: point two, I get it, but just don't go around

1050
00:50:00,600 --> 00:50:04,200
Speaker 2: charging people automatically, which is what you're wanting to do.

1051
00:50:04,200 --> 00:50:06,200
Speaker 2: Do you get that and are you able to do

1052
00:50:06,280 --> 00:50:08,960
Speaker 2: anything about it or is he just saying something political

1053
00:50:08,960 --> 00:50:10,120
Speaker 2: to get himself out of trouble.

1054
00:50:12,960 --> 00:50:15,759
Speaker 6: So we work really closely with our minister. You know,

1055
00:50:15,800 --> 00:50:18,399
Speaker 6: we're all really focused on this and as I say,

1056
00:50:18,440 --> 00:50:22,839
Speaker 6: the thing in our control is improving rehabilitation performance. We've

1057
00:50:22,840 --> 00:50:24,920
Speaker 6: been working hard on that. You know, our people are

1058
00:50:24,960 --> 00:50:29,360
Speaker 6: working hard with our clients and we've seen some really

1059
00:50:29,480 --> 00:50:34,280
Speaker 6: encouraging early signs. You know, even in the last six months.

1060
00:50:34,560 --> 00:50:37,000
Speaker 6: We've made a number of changes over the last eighteen

1061
00:50:37,000 --> 00:50:39,720
Speaker 6: months that we're starting to see the impact of good

1062
00:50:39,800 --> 00:50:43,120
Speaker 6: particularly people getting back to work earlier with those less

1063
00:50:43,120 --> 00:50:44,120
Speaker 6: serious injuries.

1064
00:50:44,120 --> 00:50:48,000
Speaker 2: Because encouraging. Here's my problem, having followed this for years,

1065
00:50:48,520 --> 00:50:51,759
Speaker 2: we used to be a basket case. Then you got

1066
00:50:51,800 --> 00:50:54,279
Speaker 2: it together and it was off the radar and you're

1067
00:50:54,320 --> 00:50:56,200
Speaker 2: actually in the black, and we're all happy and then

1068
00:50:56,200 --> 00:50:58,319
Speaker 2: all of a sudden, bang it seven million dollars, the

1069
00:50:58,360 --> 00:50:59,800
Speaker 2: seven billion dollars in the hole again.

1070
00:51:02,040 --> 00:51:04,200
Speaker 6: Yeah, and as you said at the beginning that that

1071
00:51:04,320 --> 00:51:07,719
Speaker 6: numbers based on a lot of assumptions. You know, we

1072
00:51:07,760 --> 00:51:10,399
Speaker 6: also need to remember we've got an investment fund that's

1073
00:51:10,480 --> 00:51:14,160
Speaker 6: designed to partially offset that, and our investment fund increased

1074
00:51:14,200 --> 00:51:18,080
Speaker 6: by around four billion dollars last year. And we also,

1075
00:51:18,320 --> 00:51:22,960
Speaker 6: you know, are in the process of consulting and recommending

1076
00:51:23,000 --> 00:51:26,399
Speaker 6: on levy increases. So levys have been held flat or

1077
00:51:27,360 --> 00:51:31,600
Speaker 6: really flat or reducing for the last decade, or costs

1078
00:51:31,640 --> 00:51:35,320
Speaker 6: have been increasing, and so this is a slow moving ship,

1079
00:51:36,160 --> 00:51:38,279
Speaker 6: and so you know, we need to make sure that

1080
00:51:38,360 --> 00:51:41,759
Speaker 6: over the long term we've got the settings right to

1081
00:51:41,880 --> 00:51:45,520
Speaker 6: balance how much the scheme's costing and how much money

1082
00:51:45,520 --> 00:51:47,000
Speaker 6: we've coming in. We've got coming in.

1083
00:51:47,280 --> 00:51:49,080
Speaker 2: We got too many people who are sick. I mean,

1084
00:51:49,160 --> 00:51:51,560
Speaker 2: I'm just astonished every time I go to the doctor

1085
00:51:51,640 --> 00:51:55,880
Speaker 2: or hospital acc people are falling over themselves with illness injuries.

1086
00:51:56,040 --> 00:51:58,920
Speaker 2: I'm fifty nine years old, Megan, I've never claimed ACC

1087
00:51:59,040 --> 00:52:00,720
Speaker 2: in my life. A sort of freak.

1088
00:52:02,520 --> 00:52:07,000
Speaker 6: Oh, Mike, You're certainly not a freak, you know. Interestingly,

1089
00:52:07,040 --> 00:52:09,680
Speaker 6: though you talk about people falling over. You know, falls

1090
00:52:09,719 --> 00:52:12,280
Speaker 6: are the most common cause of injuries in New Zealand

1091
00:52:12,360 --> 00:52:16,439
Speaker 6: around forty percent. And so if we could all stop falling.

1092
00:52:16,120 --> 00:52:24,640
Speaker 2: Over, if we've learned nothing else out of the interview today, Megan,

1093
00:52:25,480 --> 00:52:29,080
Speaker 2: stop falling over. Please have a good day. Meghan Main,

1094
00:52:29,160 --> 00:52:32,400
Speaker 2: who's the ACC chief executive. See so one, I'm not

1095
00:52:32,440 --> 00:52:34,600
Speaker 2: a freak and you've got to stop calling me that

1096
00:52:35,160 --> 00:52:36,240
Speaker 2: because Megan says.

1097
00:52:36,000 --> 00:52:37,560
Speaker 22: Well, that's one woman's opinion.

1098
00:52:37,840 --> 00:52:38,680
Speaker 2: Very important woman.

1099
00:52:39,680 --> 00:52:41,759
Speaker 22: I think it's the only person I've ever done matter.

1100
00:52:41,880 --> 00:52:43,840
Speaker 2: She is on the radio, heard by hundreds of thousands

1101
00:52:43,840 --> 00:52:45,640
Speaker 2: of people. I'm not a freak, and You've got to

1102
00:52:45,680 --> 00:52:48,799
Speaker 2: stop falling over. Sixteen to eight the.

1103
00:52:48,960 --> 00:52:53,359
Speaker 1: Mike Asking Breakfast Full Show podcast on iHeartRadio powered by

1104
00:52:53,440 --> 00:52:53,960
Speaker 1: News Talks.

1105
00:52:53,960 --> 00:52:57,080
Speaker 2: It be very very good point, Mike. I'm sure that

1106
00:52:57,160 --> 00:52:59,319
Speaker 2: a few weeks ago you announced that the misses had

1107
00:52:59,320 --> 00:53:01,960
Speaker 2: convinced you to claim a general medical complaint as ACC.

1108
00:53:02,160 --> 00:53:04,560
Speaker 2: You are right, You're one hundred percent correct. That was

1109
00:53:04,880 --> 00:53:06,759
Speaker 2: It wasn't a few weeks ago, it was months ago.

1110
00:53:07,239 --> 00:53:08,960
Speaker 2: It's when I went along to the doctor to the

1111
00:53:08,960 --> 00:53:12,279
Speaker 2: physio for the for the for the frozen shoulder slash

1112
00:53:12,560 --> 00:53:16,320
Speaker 2: beside us, and he and I said, I'm not claiming

1113
00:53:16,360 --> 00:53:19,399
Speaker 2: acc This is crap. This is not an accident. Something's happened.

1114
00:53:19,400 --> 00:53:21,440
Speaker 2: I don't know what, but we're not bothering the acc

1115
00:53:22,000 --> 00:53:24,720
Speaker 2: I went home, got an ear for which caused another injury.

1116
00:53:24,840 --> 00:53:27,240
Speaker 22: Did or did she not say? Don't be a freak?

1117
00:53:28,840 --> 00:53:31,400
Speaker 2: Actually could be that? Yeah, could have said that anyway,

1118
00:53:31,440 --> 00:53:33,400
Speaker 2: So I did so that I think was ninety bucks

1119
00:53:33,400 --> 00:53:36,040
Speaker 2: in the end. So I've troubled acc in my forty

1120
00:53:36,080 --> 00:53:37,839
Speaker 2: two forty three years worth of work to the tune

1121
00:53:37,840 --> 00:53:41,880
Speaker 2: of ninety dollars so far in counting now. Jeff Jeff Mortlock,

1122
00:53:42,400 --> 00:53:44,600
Speaker 2: once upon a time worked at the Reserve Bank. Jeff's

1123
00:53:44,600 --> 00:53:47,520
Speaker 2: our hero of the week the government, he said yesterday

1124
00:53:47,520 --> 00:53:49,200
Speaker 2: in front of a select committee. The government has got

1125
00:53:49,239 --> 00:53:52,440
Speaker 2: a select committee looking into banking practices, generally emphasis on

1126
00:53:52,480 --> 00:53:55,239
Speaker 2: the rural treatment at the moment, Are banks treating people well?

1127
00:53:55,280 --> 00:53:57,600
Speaker 2: All that sort of thing. Jeff turns up yesterday and

1128
00:53:57,640 --> 00:54:00,680
Speaker 2: he says the government should abandon any requirements for the

1129
00:54:00,719 --> 00:54:03,920
Speaker 2: Reserve Bank to have quote gender or ethnic balance on

1130
00:54:03,960 --> 00:54:05,799
Speaker 2: its board. And if you don't know this, they do.

1131
00:54:06,360 --> 00:54:08,759
Speaker 2: He made a submission to this particular Committee form the

1132
00:54:08,760 --> 00:54:11,640
Speaker 2: senior member of the Reserve Bank's Economics Department. The Bank

1133
00:54:11,680 --> 00:54:13,640
Speaker 2: Board needed to be and this goes to the inflation

1134
00:54:13,680 --> 00:54:15,880
Speaker 2: figure yesterday. It goes to what they've done to the economy,

1135
00:54:15,880 --> 00:54:18,280
Speaker 2: what they're doing to the economy, how they view the economy,

1136
00:54:18,280 --> 00:54:21,200
Speaker 2: why they make the decisions they do. The Bank Board

1137
00:54:21,239 --> 00:54:25,920
Speaker 2: needed to be quote fundamentally strengthened in terms of the

1138
00:54:25,920 --> 00:54:29,480
Speaker 2: balance of knowledge, skills and experience required to perform its function.

1139
00:54:29,800 --> 00:54:33,040
Speaker 2: It currently lacks directors with the requisite level of knowledge

1140
00:54:33,040 --> 00:54:37,160
Speaker 2: and experience in financial sector, regulatory and financial stability issues.

1141
00:54:37,400 --> 00:54:40,759
Speaker 2: It is poorly equipped to do its job effectively and

1142
00:54:40,840 --> 00:54:44,200
Speaker 2: has only been too evident in reading Reserve Bank annual

1143
00:54:44,200 --> 00:54:46,960
Speaker 2: reports over many years. The government needed to rectify this

1144
00:54:47,040 --> 00:54:50,879
Speaker 2: as a matter of urgency by appointing directors with in

1145
00:54:50,920 --> 00:54:55,920
Speaker 2: depth knowledge and experience in banking, insurance, financial stability issues.

1146
00:54:55,920 --> 00:54:57,480
Speaker 2: Now and hearing those words, you think, well, don't they

1147
00:54:57,520 --> 00:55:00,760
Speaker 2: already know? They don't. In doing so, the government should

1148
00:55:00,760 --> 00:55:04,680
Speaker 2: abandon the highly questionable approach of seeking gender and ethnic

1149
00:55:04,840 --> 00:55:09,440
Speaker 2: balance as the priority for bord appointments. The only balance

1150
00:55:09,520 --> 00:55:14,000
Speaker 2: needed on any board is the required balance of skills, knowledge,

1151
00:55:14,040 --> 00:55:21,120
Speaker 2: experience and judgment, gender, ethnicity and culture should always be

1152
00:55:21,200 --> 00:55:25,680
Speaker 2: subordinate to these fundamental matters and the fact that every

1153
00:55:25,760 --> 00:55:28,480
Speaker 2: single one of us lives with the decisions as made

1154
00:55:28,480 --> 00:55:31,360
Speaker 2: by people that he would argue are not up to

1155
00:55:31,400 --> 00:55:35,000
Speaker 2: it is bordering on a fiscal crime. I would argue

1156
00:55:35,080 --> 00:55:36,000
Speaker 2: ten away from eight.

1157
00:55:37,000 --> 00:55:39,640
Speaker 1: The Mike costing racist with the range rover.

1158
00:55:39,640 --> 00:55:42,600
Speaker 2: The laws be given away from it. So change coming

1159
00:55:42,640 --> 00:55:45,080
Speaker 2: to antarcdot changes which will mean a wider range of

1160
00:55:45,160 --> 00:55:47,720
Speaker 2: veterans can be honored. On the twenty fifth of April,

1161
00:55:47,760 --> 00:55:50,480
Speaker 2: the head of Veterans Affairs bernaed in mckenzie', Well, there's Bernardine.

1162
00:55:50,480 --> 00:55:50,920
Speaker 2: Morning to you.

1163
00:55:51,880 --> 00:55:52,440
Speaker 6: Good morning.

1164
00:55:52,880 --> 00:55:54,399
Speaker 2: Is this a bit slow? It's one of these things

1165
00:55:54,600 --> 00:55:56,080
Speaker 2: I'm looking at with the government at the moment. They're

1166
00:55:56,080 --> 00:55:57,799
Speaker 2: going to sort the legislation by the end of twenty

1167
00:55:57,880 --> 00:55:59,759
Speaker 2: five and it's going to be implemented by twenty twenty six.

1168
00:56:00,080 --> 00:56:01,680
Speaker 2: They move a bit quicker. Are you just happy they're

1169
00:56:01,719 --> 00:56:02,239
Speaker 2: moving at all?

1170
00:56:03,320 --> 00:56:03,480
Speaker 4: Oh?

1171
00:56:03,600 --> 00:56:06,440
Speaker 18: Really happy that this moving. What happened, Mike is that

1172
00:56:06,560 --> 00:56:09,840
Speaker 18: over the years New Zealanders have increasingly used and that

1173
00:56:10,040 --> 00:56:12,719
Speaker 18: day to remember and honor those men and women who

1174
00:56:12,800 --> 00:56:15,839
Speaker 18: have served in more recent conflicts. So you know, it's

1175
00:56:15,920 --> 00:56:19,239
Speaker 18: really timey that the Anzac Day legislation we'll catch up

1176
00:56:19,560 --> 00:56:21,960
Speaker 18: and explicitly recognize these men and women.

1177
00:56:22,200 --> 00:56:24,839
Speaker 2: Now here's the interesting thing. Anzac Day is my favorite day.

1178
00:56:24,920 --> 00:56:26,560
Speaker 2: That's the right word to use. It's the most sort

1179
00:56:26,560 --> 00:56:29,320
Speaker 2: of important day to me that we mark. But I

1180
00:56:29,480 --> 00:56:32,560
Speaker 2: always thought that if you served, you were on it.

1181
00:56:32,840 --> 00:56:35,120
Speaker 2: I mean, I didn't realize that there were some who

1182
00:56:35,320 --> 00:56:37,040
Speaker 2: did and some who didn't. Does it matter?

1183
00:56:39,400 --> 00:56:42,000
Speaker 18: It matters to those men and women who have put

1184
00:56:42,040 --> 00:56:45,480
Speaker 18: their life on the line for our country in really

1185
00:56:45,600 --> 00:56:50,400
Speaker 18: difficult and dangerous circumstances. To have this recognition would be

1186
00:56:50,560 --> 00:56:51,760
Speaker 18: fantastic to them.

1187
00:56:52,200 --> 00:56:55,359
Speaker 2: They say the government, this is mister penk that it's

1188
00:56:55,440 --> 00:56:57,920
Speaker 2: more complicated than we think, is it in terms of

1189
00:56:58,000 --> 00:57:00,279
Speaker 2: recognition and who to recognize them, who not? To rerect.

1190
00:57:01,640 --> 00:57:05,960
Speaker 18: Well to broadly recognized those from current conflicts. It is

1191
00:57:06,040 --> 00:57:09,160
Speaker 18: when you're talking about legislation. But the important thing about

1192
00:57:09,440 --> 00:57:11,920
Speaker 18: Zact Day is to look in to see that this

1193
00:57:12,080 --> 00:57:14,680
Speaker 18: is a time for us as New Zealanders to really

1194
00:57:14,800 --> 00:57:17,400
Speaker 18: recognize these people who have put their life on the

1195
00:57:17,480 --> 00:57:20,200
Speaker 18: line to save our country and to keep us safe.

1196
00:57:20,400 --> 00:57:22,800
Speaker 2: Yeah, could not agree more. Bernardine go Well appreciate it.

1197
00:57:22,880 --> 00:57:25,280
Speaker 2: Bernardine Mackenzie, head of Veterans' Affairs with US this morning,

1198
00:57:25,320 --> 00:57:28,560
Speaker 2: five minutes away from it, ask Harry just interrupted the program.

1199
00:57:28,640 --> 00:57:30,240
Speaker 2: She knows the rules around here do not interrupt the

1200
00:57:30,240 --> 00:57:32,080
Speaker 2: program when it's in full flow. But she bowled through

1201
00:57:32,120 --> 00:57:34,720
Speaker 2: the door. But she's special and different, so she's allowed

1202
00:57:34,760 --> 00:57:36,480
Speaker 2: to do that. But what she did remind me of,

1203
00:57:36,680 --> 00:57:38,320
Speaker 2: and it's a very good point, is she of course

1204
00:57:38,400 --> 00:57:42,320
Speaker 2: fell over, So in falling over and she got acc

1205
00:57:42,560 --> 00:57:47,680
Speaker 2: this Kerry Wood and Makaiber So she didn't initially take

1206
00:57:47,760 --> 00:57:50,120
Speaker 2: Megan's advice, but has learned her lesson. She's now given

1207
00:57:50,200 --> 00:57:53,080
Speaker 2: up the drink and she's also in the low heels.

1208
00:57:53,240 --> 00:57:57,600
Speaker 2: So she has fallen over, received acc but amended her ways.

1209
00:57:57,800 --> 00:58:00,520
Speaker 2: And that's an important lesson to learn. And it suddenly

1210
00:58:00,520 --> 00:58:02,120
Speaker 2: occurs to me. I thought, oh yeah, Kerry, I forgot

1211
00:58:02,160 --> 00:58:05,000
Speaker 2: about her. Then of course Helen, Helen, her producer, has

1212
00:58:05,360 --> 00:58:08,080
Speaker 2: fallen over as well. So that really when you look

1213
00:58:08,080 --> 00:58:10,440
Speaker 2: at the nine to noon program for part of the country,

1214
00:58:11,280 --> 00:58:14,240
Speaker 2: that's the whole program's fallen over. One hundred percent of

1215
00:58:14,280 --> 00:58:15,960
Speaker 2: the people on the nine to noon show have fallen

1216
00:58:16,040 --> 00:58:19,640
Speaker 2: over and received ACC. I have no evidence that Helen's

1217
00:58:19,680 --> 00:58:21,360
Speaker 2: amended her ways in any way, shape or form, and

1218
00:58:21,440 --> 00:58:24,480
Speaker 2: my strong suspicion, having known her for many years, if

1219
00:58:24,520 --> 00:58:27,800
Speaker 2: she hasn't. Unfortunately, and then we come to this program,

1220
00:58:27,880 --> 00:58:30,760
Speaker 2: of course, and Glenn has famous for falling over, and

1221
00:58:30,880 --> 00:58:32,960
Speaker 2: he's done it at least twice. So he fell Do

1222
00:58:33,000 --> 00:58:36,280
Speaker 2: you get acc for your scooter thing or not? I

1223
00:58:36,400 --> 00:58:38,520
Speaker 2: must have done yeah, I reckon. So he comes off

1224
00:58:38,560 --> 00:58:40,240
Speaker 2: as scooter many many years ago, so he gets the

1225
00:58:40,280 --> 00:58:42,000
Speaker 2: acc Now did he amend his ways?

1226
00:58:42,080 --> 00:58:42,520
Speaker 19: No? He did not?

1227
00:58:42,760 --> 00:58:44,320
Speaker 22: Yeah, no, I mean he didn't take scooter.

1228
00:58:44,400 --> 00:58:45,720
Speaker 2: He threw his scooter out, didn't you correct?

1229
00:58:45,760 --> 00:58:46,160
Speaker 16: To be fair?

1230
00:58:46,560 --> 00:58:48,880
Speaker 22: To be fair, Also, it wasn't my scooter, it was

1231
00:58:48,960 --> 00:58:49,480
Speaker 22: my daughter.

1232
00:58:49,440 --> 00:58:50,840
Speaker 2: Was stolen scooter. I wasn't stolen.

1233
00:58:50,880 --> 00:58:52,280
Speaker 22: I was sorry, that was not I gave it back

1234
00:58:52,360 --> 00:58:52,640
Speaker 22: to her.

1235
00:58:52,840 --> 00:58:55,680
Speaker 2: Right, Okay, So you stole your daughter's scooter, took it

1236
00:58:55,760 --> 00:58:58,120
Speaker 2: to work, got an acc claim. So he amended his ways.

1237
00:58:58,120 --> 00:58:59,040
Speaker 2: He's never been on a scooter.

1238
00:58:59,080 --> 00:59:00,640
Speaker 22: Still fell over without a scooter.

1239
00:59:00,760 --> 00:59:02,360
Speaker 2: Yeah, but then without a scooter, took a dog and

1240
00:59:02,400 --> 00:59:04,680
Speaker 2: then fellow some more. Have you stopped walking the dog?

1241
00:59:04,960 --> 00:59:06,160
Speaker 22: No, I'm not going at the dog.

1242
00:59:06,440 --> 00:59:08,360
Speaker 2: See you haven't sopped walking your dog, so you haven't

1243
00:59:08,360 --> 00:59:11,440
Speaker 2: amended your behavior, so just looking in the.

1244
00:59:11,680 --> 00:59:14,320
Speaker 22: In the and then of course Sam Brokers back, have you.

1245
00:59:14,400 --> 00:59:19,120
Speaker 2: Been on acc? Two off? A little bit, a little

1246
00:59:19,160 --> 00:59:20,120
Speaker 2: bit of acc.

1247
00:59:20,400 --> 00:59:23,560
Speaker 22: Everybody see you are a free Everyone that.

1248
00:59:23,640 --> 00:59:26,520
Speaker 2: I can see around me this morning has been bleeding

1249
00:59:26,640 --> 00:59:29,760
Speaker 2: off the state for years and I'm the only one

1250
00:59:30,680 --> 00:59:34,520
Speaker 2: with standards. Tony Quinn after the News, the.

1251
00:59:34,640 --> 00:59:38,560
Speaker 1: Breakfast Show you can Trust, the Mic Hosking Breakfast with

1252
00:59:38,840 --> 00:59:42,720
Speaker 1: al Vida, Retirement Communities, Life your Way news dog said

1253
00:59:42,760 --> 00:59:47,400
Speaker 1: blast Day.

1254
00:59:47,480 --> 00:59:50,000
Speaker 2: Tony Quinton grew up in a wooden caravan built by

1255
00:59:50,080 --> 00:59:52,840
Speaker 2: his dad and Aberdeen before becoming himself made millionaire through

1256
00:59:52,960 --> 00:59:55,400
Speaker 2: pet food and confectionery. We know him better these days

1257
00:59:55,480 --> 00:59:58,280
Speaker 2: for motorsport. He's the visionary behind Highlands and Hampton Downs

1258
00:59:58,320 --> 01:00:00,560
Speaker 2: and Taypa. Of course, his book zero out of sixty

1259
01:00:00,600 --> 01:00:03,200
Speaker 2: and Beyond has been re released, has got ten new

1260
01:00:03,360 --> 01:00:06,440
Speaker 2: chapters and there's a story in that and Tony Quinna's

1261
01:00:06,480 --> 01:00:10,000
Speaker 2: Weather's tiny. Very good morning to you. Good morning, yep,

1262
01:00:10,120 --> 01:00:12,200
Speaker 2: nice and early in Australia. I take it here in Australia,

1263
01:00:12,240 --> 01:00:12,480
Speaker 2: are you.

1264
01:00:13,280 --> 01:00:15,680
Speaker 13: Yes, I'm in Australia and it's the sun's up, but

1265
01:00:15,880 --> 01:00:19,760
Speaker 13: unfortunately it's not a it's not very nice day today,

1266
01:00:19,880 --> 01:00:23,240
Speaker 13: so we'll we'll have to put on an extra T shirt.

1267
01:00:23,520 --> 01:00:26,840
Speaker 2: Good. You write the stuff down. I refer to the

1268
01:00:26,880 --> 01:00:29,800
Speaker 2: extra teen chapters you write. You you're a believer in

1269
01:00:29,880 --> 01:00:33,400
Speaker 2: writing down what's happening in your life, why and for

1270
01:00:33,600 --> 01:00:34,280
Speaker 2: what value?

1271
01:00:35,680 --> 01:00:39,320
Speaker 13: Oh gee, it's a bit of a story. But it

1272
01:00:39,440 --> 01:00:44,640
Speaker 13: started when my grandfather passed away. And my grandfather, who

1273
01:00:44,800 --> 01:00:48,440
Speaker 13: was Irish, got involved in the IDA when he was

1274
01:00:48,480 --> 01:00:53,320
Speaker 13: a young fellow, and he had a fantastic interesting life

1275
01:00:54,360 --> 01:00:56,800
Speaker 13: and we had his stories throughout his life. He would

1276
01:00:56,800 --> 01:00:59,680
Speaker 13: share some of them, but he was quite quiet a

1277
01:00:59,760 --> 01:01:04,520
Speaker 13: bit his activities, and when he died there was nothing

1278
01:01:04,600 --> 01:01:08,640
Speaker 13: written down, and so there was no official record, if

1279
01:01:08,680 --> 01:01:11,760
Speaker 13: you like, of his life. And I said to myself

1280
01:01:12,720 --> 01:01:16,080
Speaker 13: that I would hate to do that because it's one

1281
01:01:16,120 --> 01:01:18,240
Speaker 13: of the missing links in life if you don't know

1282
01:01:18,360 --> 01:01:22,000
Speaker 13: what your heritage is. So I decided that I would

1283
01:01:22,080 --> 01:01:26,520
Speaker 13: write down my exciting life that I was having and.

1284
01:01:28,080 --> 01:01:30,760
Speaker 15: In one day write not a book.

1285
01:01:30,840 --> 01:01:33,560
Speaker 13: It was just going to write my story so that

1286
01:01:33,760 --> 01:01:38,240
Speaker 13: the generations behind me could read all about why I

1287
01:01:38,360 --> 01:01:41,040
Speaker 13: did the things that I did. And that's how it started.

1288
01:01:41,120 --> 01:01:44,240
Speaker 13: So I got these black books, things that you buy

1289
01:01:44,360 --> 01:01:47,920
Speaker 13: from the shop, and every time I'm on an airplane

1290
01:01:48,040 --> 01:01:51,080
Speaker 13: or whatever, if I get a minute spare, I'll write

1291
01:01:51,120 --> 01:01:53,919
Speaker 13: the day at the top of the page, and I'll

1292
01:01:53,920 --> 01:01:56,680
Speaker 13: write down all the things that have happened since the

1293
01:01:56,800 --> 01:01:58,480
Speaker 13: last time I wrote. And it could be a month,

1294
01:01:58,560 --> 01:02:01,000
Speaker 13: it could be two months, it doesn't matter. But when

1295
01:02:01,040 --> 01:02:03,080
Speaker 13: you write the date and you start writing things that

1296
01:02:03,080 --> 01:02:05,560
Speaker 13: have happened, you can remember all the stuff that happened,

1297
01:02:05,880 --> 01:02:08,360
Speaker 13: and you just need to put a bullet point. It

1298
01:02:08,440 --> 01:02:11,000
Speaker 13: doesn't need to be the whole story, just a bullet

1299
01:02:11,040 --> 01:02:15,200
Speaker 13: point that reminds you. And then one day the thing

1300
01:02:15,360 --> 01:02:18,160
Speaker 13: is to then just recorded or put it down. And

1301
01:02:18,240 --> 01:02:22,320
Speaker 13: I met a guy called Robert Toy in New Zealand,

1302
01:02:22,400 --> 01:02:25,240
Speaker 13: and I said, would you He was a freelance journalist,

1303
01:02:25,280 --> 01:02:27,680
Speaker 13: and I said, would you be interested in writing my story?

1304
01:02:28,600 --> 01:02:29,800
Speaker 13: And he said, yeah, no problem.

1305
01:02:29,880 --> 01:02:30,680
Speaker 8: So he did.

1306
01:02:30,800 --> 01:02:33,320
Speaker 13: But as he was writing the story, he said, man,

1307
01:02:33,920 --> 01:02:37,800
Speaker 13: this is such an interesting story that you should share

1308
01:02:37,840 --> 01:02:40,959
Speaker 13: it with other people, not just your family. And I said,

1309
01:02:41,480 --> 01:02:42,240
Speaker 13: I don't really care.

1310
01:02:42,320 --> 01:02:43,160
Speaker 8: That's not the point.

1311
01:02:44,160 --> 01:02:47,680
Speaker 13: In anyway, one thing led to another. The publisher got

1312
01:02:47,720 --> 01:02:49,840
Speaker 13: hold of it. They decided to publish it and it

1313
01:02:49,920 --> 01:02:55,360
Speaker 13: became very surprisingly, it became a number one best seller

1314
01:02:55,440 --> 01:02:58,000
Speaker 13: in New Zealand and we actually never released it in

1315
01:02:58,440 --> 01:03:03,720
Speaker 13: Australia for some reason. So anyway, the book was reprinted

1316
01:03:03,760 --> 01:03:08,360
Speaker 13: a couple of times, and on the fifth day, Josie said, look,

1317
01:03:08,400 --> 01:03:10,400
Speaker 13: we're going to have to reprint the book again. It

1318
01:03:10,640 --> 01:03:13,160
Speaker 13: just keeps selling. And I said, no, I don't want.

1319
01:03:13,080 --> 01:03:13,360
Speaker 8: To do that.

1320
01:03:13,560 --> 01:03:17,760
Speaker 13: It's too old. It's seven eight years old. Why don't

1321
01:03:17,760 --> 01:03:21,240
Speaker 13: we do a revised edition because there has been so

1322
01:03:21,520 --> 01:03:24,880
Speaker 13: much happen in the last seven years that I think

1323
01:03:25,480 --> 01:03:28,280
Speaker 13: there's a lot that people you know, the continuation of

1324
01:03:28,360 --> 01:03:31,800
Speaker 13: the story if you like. But also, Mike, I wanted

1325
01:03:31,960 --> 01:03:35,920
Speaker 13: to share. I genuinely wanted to share some of my

1326
01:03:36,160 --> 01:03:40,560
Speaker 13: business philosophies and tricks for want of a bit of term,

1327
01:03:41,240 --> 01:03:46,360
Speaker 13: because I'd started doing some university talks to young business

1328
01:03:46,600 --> 01:03:51,280
Speaker 13: entrepreneurs and I found that quite enlightening and they loved it.

1329
01:03:51,840 --> 01:03:55,080
Speaker 13: And so in the book, the new book, there's a

1330
01:03:55,200 --> 01:03:58,760
Speaker 13: chapter there a bit how simply you can make money

1331
01:04:00,280 --> 01:04:04,640
Speaker 13: in this life. It's not difficult, it's not complicated. In fact,

1332
01:04:05,400 --> 01:04:09,000
Speaker 13: it's very simple. It's it's it's you know it's I

1333
01:04:09,120 --> 01:04:11,120
Speaker 13: say it's easy, but a lot of people don't think

1334
01:04:11,120 --> 01:04:14,080
Speaker 13: it's easy. But I actually think it's quite easy to make.

1335
01:04:14,600 --> 01:04:16,200
Speaker 13: However much money you want to make.

1336
01:04:16,280 --> 01:04:20,080
Speaker 2: Well, there's a funny story in the book where you

1337
01:04:20,640 --> 01:04:22,760
Speaker 2: dreamed or wanted to make a million dollars a week

1338
01:04:23,600 --> 01:04:26,400
Speaker 2: and when you when you got the you couldn't believe.

1339
01:04:26,560 --> 01:04:29,920
Speaker 2: Are you driven by money or are you driven by success?

1340
01:04:30,960 --> 01:04:31,000
Speaker 19: No?

1341
01:04:31,280 --> 01:04:33,920
Speaker 13: Absolutely, no, I'm not driven by money. Money is a

1342
01:04:34,040 --> 01:04:38,280
Speaker 13: byproduct of hard work and good decisions, that's all it is.

1343
01:04:39,640 --> 01:04:41,520
Speaker 13: In fact, the more money you make, the more tax

1344
01:04:41,600 --> 01:04:44,240
Speaker 13: you pay, and you know, and the more the government

1345
01:04:44,360 --> 01:04:47,480
Speaker 13: hounds you for more money. So but no money. And

1346
01:04:47,600 --> 01:04:51,320
Speaker 13: I think that's evident because when I go on a racetrack,

1347
01:04:53,080 --> 01:04:55,680
Speaker 13: you're actually competing with a whole heap of other people

1348
01:04:55,760 --> 01:04:57,840
Speaker 13: that are all trying to do the same thing. So

1349
01:04:57,960 --> 01:05:00,520
Speaker 13: it's all about the game. It's all about you know.

1350
01:05:00,800 --> 01:05:05,760
Speaker 13: As a young feller, I managed to win a chess championship.

1351
01:05:05,800 --> 01:05:08,720
Speaker 13: I knew nothing about chess, but I quickly allowned how

1352
01:05:08,800 --> 01:05:12,280
Speaker 13: to play the game, and I won a championship and chess.

1353
01:05:12,360 --> 01:05:17,320
Speaker 13: So I've always liked the challenge and the winning. There's

1354
01:05:17,400 --> 01:05:20,360
Speaker 13: no better place to stand than on the podium.

1355
01:05:20,800 --> 01:05:22,560
Speaker 2: Well, there you go. Listen, Tony hold on a couple

1356
01:05:22,600 --> 01:05:24,720
Speaker 2: of moments, will you There's no better place to stand

1357
01:05:24,760 --> 01:05:26,800
Speaker 2: than on the podium. More with Tony Quinn in the

1358
01:05:26,840 --> 01:05:29,360
Speaker 2: Moment thirteen Past the Mic.

1359
01:05:29,240 --> 01:05:34,640
Speaker 1: Asking Breakfast Full Show podcast on iHeartRadio, coward By News Talks, EPI.

1360
01:05:34,720 --> 01:05:36,800
Speaker 2: News Talks A quarter past Age. I guessed as Tony

1361
01:05:36,880 --> 01:05:40,520
Speaker 2: Quinn the reissuing of the bog zero to sixty and beyond. Tony,

1362
01:05:40,560 --> 01:05:43,080
Speaker 2: you sort of answered it before, but to a degree,

1363
01:05:43,280 --> 01:05:46,040
Speaker 2: you come from a time and a place. You start young,

1364
01:05:46,160 --> 01:05:48,760
Speaker 2: you start with nothing, you make a fortune. Do you

1365
01:05:48,960 --> 01:05:52,520
Speaker 2: think a young person born ten years ago, fifteen years ago,

1366
01:05:53,080 --> 01:05:55,680
Speaker 2: in the world in which we now live, can still

1367
01:05:55,800 --> 01:05:57,480
Speaker 2: do that and live that story.

1368
01:06:00,680 --> 01:06:03,320
Speaker 13: I don't want to sound weird, but I actually think

1369
01:06:03,360 --> 01:06:07,760
Speaker 13: it's easier today than it's ever been. And the reason

1370
01:06:07,840 --> 01:06:11,640
Speaker 13: I say that is one of the main ingredients to

1371
01:06:11,840 --> 01:06:16,800
Speaker 13: be successful in life and business is to work hard.

1372
01:06:17,480 --> 01:06:19,360
Speaker 13: And I can tell you that when I was a

1373
01:06:19,440 --> 01:06:23,920
Speaker 13: young fella, I'm going to say a lot of people

1374
01:06:24,560 --> 01:06:27,920
Speaker 13: worked very hard because that was what they did, and

1375
01:06:28,040 --> 01:06:29,600
Speaker 13: so you were just one of the many people that

1376
01:06:29,720 --> 01:06:34,680
Speaker 13: worked hard. Nowadays, as I look around, as culture society

1377
01:06:34,760 --> 01:06:38,560
Speaker 13: has designed it, a lot of young people don't really

1378
01:06:38,680 --> 01:06:43,160
Speaker 13: work that hard, and so if they're prepared to work hard,

1379
01:06:43,720 --> 01:06:47,040
Speaker 13: it actually is easier for them. Now it's all different

1380
01:06:47,080 --> 01:06:49,520
Speaker 13: and a lot of young people going like Picca is.

1381
01:06:50,200 --> 01:06:55,200
Speaker 13: But working hard is really just that working hard and

1382
01:06:56,040 --> 01:06:59,360
Speaker 13: that doesn't mean digging holes for twelve hours a day

1383
01:07:00,000 --> 01:07:04,280
Speaker 13: means focusing on whatever you're doing for twelve hours a day.

1384
01:07:04,360 --> 01:07:07,160
Speaker 13: Twelve hours is a long time, and you can achieve

1385
01:07:07,320 --> 01:07:11,280
Speaker 13: so much in that time, and so I do. I

1386
01:07:11,360 --> 01:07:16,040
Speaker 13: think absolutely humans have done it all along their journey.

1387
01:07:16,160 --> 01:07:18,920
Speaker 13: You know, the generations before us, and I'm sure the

1388
01:07:19,040 --> 01:07:22,720
Speaker 13: generations after us will. The problem that we've got not

1389
01:07:22,840 --> 01:07:24,760
Speaker 13: the problem that we've got, but the issue that we've

1390
01:07:24,800 --> 01:07:29,680
Speaker 13: got is that the world keeps changing. You know, we

1391
01:07:29,800 --> 01:07:35,760
Speaker 13: had COVID, nobody saw that coming. We've got cryptocurrency. You know,

1392
01:07:35,880 --> 01:07:39,440
Speaker 13: nobody saw that coming, even you know, and what is that?

1393
01:07:39,720 --> 01:07:40,880
Speaker 15: And do we do?

1394
01:07:41,040 --> 01:07:44,000
Speaker 13: I understand it? No, but young people will understand it.

1395
01:07:45,280 --> 01:07:48,200
Speaker 13: I just spent ten days in Italy, and so what

1396
01:07:48,320 --> 01:07:51,920
Speaker 13: the Romans did two thousand years ago, it was fantastic

1397
01:07:52,040 --> 01:07:56,080
Speaker 13: that they did. So no, I think young people today

1398
01:07:56,480 --> 01:08:00,640
Speaker 13: can certainly make their way in life very successful. And

1399
01:08:00,760 --> 01:08:04,400
Speaker 13: you know, I mean you and I make we wonder

1400
01:08:04,840 --> 01:08:09,959
Speaker 13: at YouTube stars and Instagram influences of that just wasn't

1401
01:08:10,040 --> 01:08:11,880
Speaker 13: a career choice when we were at school.

1402
01:08:12,960 --> 01:08:17,240
Speaker 2: It is what's your thinking around family and wealth in

1403
01:08:17,360 --> 01:08:20,479
Speaker 2: terms of do you help your family now because you

1404
01:08:20,640 --> 01:08:23,280
Speaker 2: can more than you might have, or do they have

1405
01:08:23,360 --> 01:08:24,479
Speaker 2: to make their own way in the world.

1406
01:08:25,760 --> 01:08:28,440
Speaker 13: Nobody knows the answer to that. Make it's a conundrum

1407
01:08:28,520 --> 01:08:33,439
Speaker 13: that everybody that's been successful and made money and life

1408
01:08:33,560 --> 01:08:35,400
Speaker 13: is not about money. It's just one of the things.

1409
01:08:35,479 --> 01:08:38,439
Speaker 13: But money is a tool and it can be used

1410
01:08:38,800 --> 01:08:42,200
Speaker 13: in a positive fashion or it can be used in

1411
01:08:42,280 --> 01:08:45,120
Speaker 13: a negative kind of fashion, and nobody knows the answer.

1412
01:08:45,560 --> 01:08:50,000
Speaker 13: I've spoken to many, many successful, wealthy people, and we

1413
01:08:50,160 --> 01:08:52,439
Speaker 13: all wonder what the best thing to do is with

1414
01:08:52,600 --> 01:08:58,719
Speaker 13: our families. I chose to basically give my family enough

1415
01:08:58,880 --> 01:09:03,600
Speaker 13: wealth that they can do do something with earlier in

1416
01:09:03,720 --> 01:09:07,960
Speaker 13: life because they had achieved, they had helped build my empair,

1417
01:09:08,439 --> 01:09:10,400
Speaker 13: and so I gave them a share of it early

1418
01:09:10,840 --> 01:09:13,360
Speaker 13: so they could go on and achieve things in their life.

1419
01:09:13,600 --> 01:09:16,400
Speaker 13: And they've all done different things, so you know, nobody

1420
01:09:16,439 --> 01:09:19,080
Speaker 13: can tell that one. I don't know what the answer is.

1421
01:09:19,360 --> 01:09:21,040
Speaker 2: One of the things you have done is giving back

1422
01:09:21,080 --> 01:09:23,000
Speaker 2: to motor racing in this country, of course, and you've

1423
01:09:23,000 --> 01:09:25,320
Speaker 2: set up various foundations. You're helping a lot of people.

1424
01:09:25,800 --> 01:09:27,479
Speaker 2: And one of the people you helped early on as

1425
01:09:27,560 --> 01:09:30,479
Speaker 2: a young man called Liam Lawson, who this coming weekend

1426
01:09:30,640 --> 01:09:33,040
Speaker 2: is turning up in Austin, Texas. And you must be

1427
01:09:33,200 --> 01:09:35,719
Speaker 2: as we all are, as excited as anybody.

1428
01:09:36,880 --> 01:09:39,240
Speaker 13: Yeah, I mean, Liam's a great driver and he proved

1429
01:09:39,320 --> 01:09:42,439
Speaker 13: himself actually at Highlands at the Grand Prix when he

1430
01:09:42,560 --> 01:09:46,599
Speaker 13: passed Marcus Armstrong on the outside of the last corner,

1431
01:09:46,640 --> 01:09:49,280
Speaker 13: which is a very brave move to do, especially in

1432
01:09:49,320 --> 01:09:51,800
Speaker 13: the damp. So he got signed up by Red Bull

1433
01:09:51,880 --> 01:09:55,599
Speaker 13: the next week. But there's many many other talented kiwis.

1434
01:09:55,640 --> 01:09:56,080
Speaker 15: I don't know.

1435
01:09:56,840 --> 01:09:58,680
Speaker 13: I don't know what happens over there, but there's a

1436
01:09:58,800 --> 01:10:02,600
Speaker 13: lot of talented kiwi that can drive very well and

1437
01:10:02,880 --> 01:10:06,280
Speaker 13: on the world stage at the moment, you know, we've

1438
01:10:06,360 --> 01:10:11,240
Speaker 13: got Scott McLoughlin and Shane van Gisberg and over in America,

1439
01:10:11,680 --> 01:10:14,880
Speaker 13: they had a fantastic job and both of them, you

1440
01:10:14,960 --> 01:10:18,840
Speaker 13: know guys have been involved with as well, and you

1441
01:10:18,920 --> 01:10:21,040
Speaker 13: know I'm just very pleased to see all these young

1442
01:10:21,280 --> 01:10:22,760
Speaker 13: fellas doing very well.

1443
01:10:23,280 --> 01:10:26,040
Speaker 2: It must be tremendously satisfying having watched you for a

1444
01:10:26,120 --> 01:10:28,160
Speaker 2: number of years and all that. It must be of

1445
01:10:28,240 --> 01:10:30,200
Speaker 2: all the things you've done in the stages of your life,

1446
01:10:30,240 --> 01:10:32,400
Speaker 2: and this must be the golden time. I mean, you're

1447
01:10:32,400 --> 01:10:35,080
Speaker 2: giving back, you're successful, you live your life the way

1448
01:10:35,200 --> 01:10:37,040
Speaker 2: you want to live it. I mean, you can't ask

1449
01:10:37,200 --> 01:10:38,439
Speaker 2: for anything more than that, can you?

1450
01:10:39,320 --> 01:10:39,360
Speaker 22: No?

1451
01:10:40,160 --> 01:10:43,479
Speaker 13: And as Dan Gaunt would say, it's my purple patch.

1452
01:10:43,960 --> 01:10:45,719
Speaker 13: I don't know what that means, but he keeps calling

1453
01:10:45,800 --> 01:10:50,599
Speaker 13: it the purple patch. But I'm very very happy with life, Mike.

1454
01:10:50,720 --> 01:10:53,559
Speaker 13: I mean, I can't ask for anything more. You're quite right.

1455
01:10:53,640 --> 01:10:56,960
Speaker 13: I'm sixty seven years old. This weekend I'm going to

1456
01:10:57,040 --> 01:11:00,720
Speaker 13: Sydney to raise a Porsch GD four. And when they

1457
01:11:00,840 --> 01:11:03,320
Speaker 13: say race, I don't race anymore. I just go round

1458
01:11:03,360 --> 01:11:09,439
Speaker 13: and round, you know. But I have a fantastic life

1459
01:11:09,479 --> 01:11:13,640
Speaker 13: and have very recently bought a farm in Brisbane, and

1460
01:11:13,840 --> 01:11:17,479
Speaker 13: literally in Brisbane. I mean it was established in eighteen

1461
01:11:17,640 --> 01:11:21,000
Speaker 13: sixty that's so old it is. And I just love

1462
01:11:21,040 --> 01:11:24,320
Speaker 13: it there. I just love the rurals. I mean, I'm

1463
01:11:24,360 --> 01:11:27,640
Speaker 13: surrounded by suburbs, but I just love it.

1464
01:11:27,840 --> 01:11:31,599
Speaker 2: Good on Well, congratulations again on the book number one

1465
01:11:31,640 --> 01:11:34,599
Speaker 2: best seller. Let's Tried Again zero to sixteen beyond Tony Quinn,

1466
01:11:35,560 --> 01:11:37,960
Speaker 2: owner of Hampton Downs and Highlands and TAPA and Big

1467
01:11:38,040 --> 01:11:39,599
Speaker 2: and Motorsport and all that sort of thing. But it's

1468
01:11:39,600 --> 01:11:42,080
Speaker 2: a great read, this great story and plenty of motivation

1469
01:11:42,200 --> 01:11:42,519
Speaker 2: there for you.

1470
01:11:42,640 --> 01:11:47,120
Speaker 16: Eight twenty two My Costel Breakfast with Bailey's Real Estate

1471
01:11:47,320 --> 01:11:48,240
Speaker 16: News talks.

1472
01:11:47,920 --> 01:11:50,519
Speaker 2: In the now. If you try magnesium supplements you know

1473
01:11:50,600 --> 01:11:52,280
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1474
01:11:52,439 --> 01:11:54,679
Speaker 2: but instead you got the old upset tummy. It didn't

1475
01:11:54,720 --> 01:11:58,439
Speaker 2: work as intended. Well, not all magnesium supplements are created equals,

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Speaker 2: so that might be your problem. Because element twelve magnesium

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Speaker 2: that is from about Health formulated specifically to suit your

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Speaker 2: and supporting the deep sleep and the relaxation of the

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Speaker 2: healthy nerves and the muscles and the mood. So upgrade

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Speaker 2: plus it's valued at sixty nine ninety five plus. You're

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Speaker 2: pro health pack now that's valued at five hundred dollars.

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01:12:38,680 --> 01:12:40,960
Speaker 2: inzt that's the online address about health dot co dot

1492
01:12:41,000 --> 01:12:43,920
Speaker 2: inzent or on the old phone eight hundred triple nine

1493
01:12:44,120 --> 01:12:47,479
Speaker 2: three oh nine fosket Mike, great interview with Tony QUINNI

1494
01:12:47,520 --> 01:12:49,439
Speaker 2: saved Hampton downs and we should all be grateful for

1495
01:12:49,520 --> 01:12:52,400
Speaker 2: his generosity. Couldn't agree more, Jonathan Mike, good interview with

1496
01:12:52,439 --> 01:12:55,760
Speaker 2: Tony Quinn, inspiring all our kids. Should hear it, Mike,

1497
01:12:55,840 --> 01:12:58,960
Speaker 2: Tony Quinn nailed at hard work still required for success.

1498
01:12:59,160 --> 01:13:01,040
Speaker 2: It's always good to hear from people who have done well.

1499
01:13:01,360 --> 01:13:05,400
Speaker 2: And it's the classic simple story. Start with nothing, work hard,

1500
01:13:05,960 --> 01:13:09,639
Speaker 2: take some risks, some pay off, some don't. The question

1501
01:13:09,720 --> 01:13:11,200
Speaker 2: I didn't get around to asking, you know, I must

1502
01:13:11,800 --> 01:13:13,280
Speaker 2: sometime in future when we talked to him, so he

1503
01:13:13,760 --> 01:13:17,640
Speaker 2: got you bought the RJ's licorice and Darryl Lee. You know,

1504
01:13:17,760 --> 01:13:19,960
Speaker 2: these are names that you'll recognize. He was in the

1505
01:13:20,000 --> 01:13:22,320
Speaker 2: pet food though. And it's that interesting thing in life,

1506
01:13:22,479 --> 01:13:26,439
Speaker 2: whether you want to chase success or whether you're driven

1507
01:13:26,520 --> 01:13:28,439
Speaker 2: by the individual products. See I mean I look at

1508
01:13:28,520 --> 01:13:30,840
Speaker 2: him now and he owns all these race tracks. I mean,

1509
01:13:30,840 --> 01:13:32,640
Speaker 2: who doesn't want to own racetracks? I mean, what a

1510
01:13:32,720 --> 01:13:33,120
Speaker 2: cool job?

1511
01:13:33,280 --> 01:13:33,640
Speaker 8: What do you do?

1512
01:13:33,760 --> 01:13:37,000
Speaker 2: Owned some racetracks? But is it still cool when you go, well,

1513
01:13:37,000 --> 01:13:39,120
Speaker 2: I own a pet food shop. You know, eh, pet

1514
01:13:39,200 --> 01:13:42,720
Speaker 2: food so interesting? I mean are you driven by the

1515
01:13:42,880 --> 01:13:45,880
Speaker 2: product itself or what you're doing specifically, or is it

1516
01:13:46,040 --> 01:13:47,880
Speaker 2: just the general idea that you're meeting a market and

1517
01:13:48,080 --> 01:13:50,160
Speaker 2: you know, selling people stuff they want. My great interview

1518
01:13:50,200 --> 01:13:52,160
Speaker 2: with Tony sounds like the guy I'd like to sit

1519
01:13:52,280 --> 01:13:54,640
Speaker 2: down and yarn with for a while. I'll go by

1520
01:13:54,760 --> 01:13:58,400
Speaker 2: the book. I would recommend it. This business that Kea

1521
01:13:58,479 --> 01:13:59,920
Speaker 2: Starm has come up with, he's come up with a

1522
01:14:00,040 --> 01:14:02,599
Speaker 2: lot of weird stuff and he's only been in charge

1523
01:14:02,600 --> 01:14:04,639
Speaker 2: for about one hundred and three or four days. He's

1524
01:14:04,720 --> 01:14:09,880
Speaker 2: going to give large people who are unemployed free weight jabs.

1525
01:14:10,360 --> 01:14:12,040
Speaker 2: So it's not as Zimpa, it's the other one. It's

1526
01:14:12,120 --> 01:14:15,000
Speaker 2: maduro whatever they call it. So if you're unemployed and

1527
01:14:15,040 --> 01:14:17,560
Speaker 2: if you're overweight, the government will pay for you to

1528
01:14:17,640 --> 01:14:20,840
Speaker 2: get thin. Is that fair? If you're overweight and working

1529
01:14:20,880 --> 01:14:23,400
Speaker 2: hard but can't afford the jab, how does that work? Anyway?

1530
01:14:23,479 --> 01:14:25,479
Speaker 2: Rod Little as well as out of the UK after

1531
01:14:25,520 --> 01:14:28,440
Speaker 2: the News, which is next, You're on the Mike Costing rods.

1532
01:14:34,040 --> 01:14:39,000
Speaker 1: By News Bold Opinions the mic Hosking breakfast with the

1533
01:14:39,160 --> 01:14:42,000
Speaker 1: Range Rover Villa designed to intrigue.

1534
01:14:42,080 --> 01:14:44,479
Speaker 22: Can use Tom sed b Mike.

1535
01:14:44,560 --> 01:14:46,880
Speaker 2: My seventeen year old grandson, Cameron Hillton is off to

1536
01:14:46,920 --> 01:14:49,280
Speaker 2: go go karting the World Champs in Italy. He left yesterday.

1537
01:14:49,320 --> 01:14:51,599
Speaker 2: Well you must be very proud, and I'm sure you're

1538
01:14:51,680 --> 01:14:56,120
Speaker 2: very excited, and can I just say I stumble upon yesterday.

1539
01:14:56,439 --> 01:14:59,439
Speaker 2: David Dickers is a name you probably should acquaint yourself

1540
01:14:59,479 --> 01:15:01,599
Speaker 2: with because he parks himself in the middle of Canterbury

1541
01:15:01,640 --> 01:15:05,560
Speaker 2: and he's an extraordinary story, interesting bloke, eclectic as so

1542
01:15:05,680 --> 01:15:07,960
Speaker 2: many successful people are. But he made money or was

1543
01:15:08,000 --> 01:15:10,800
Speaker 2: making money in the data world. And he's Australian. But

1544
01:15:10,880 --> 01:15:13,639
Speaker 2: he parked himself at Mount Lyford and the facility he's

1545
01:15:13,680 --> 01:15:15,200
Speaker 2: got there and he makes the road in cars and

1546
01:15:15,280 --> 01:15:19,320
Speaker 2: roadent cars behind various races, including Lewis Sharp and Liam Lawson.

1547
01:15:19,920 --> 01:15:23,080
Speaker 2: He I discovered yesterday and what I poge you call

1548
01:15:23,160 --> 01:15:26,040
Speaker 2: the podcast. He was chatting away about life and times,

1549
01:15:26,240 --> 01:15:29,600
Speaker 2: couple of interesting things. And because he's laconic and Australian

1550
01:15:29,720 --> 01:15:31,320
Speaker 2: and he's got that kind of I don't care what

1551
01:15:31,400 --> 01:15:33,720
Speaker 2: I say vibe about him. He gave away what I

1552
01:15:33,760 --> 01:15:37,400
Speaker 2: thought were really interesting numbers. Louis Sharp and I refer

1553
01:15:37,520 --> 01:15:39,320
Speaker 2: to the cart and carting is the only motor racing

1554
01:15:39,400 --> 01:15:42,599
Speaker 2: you can do on a wage or a salary. Regular

1555
01:15:42,680 --> 01:15:45,160
Speaker 2: people kids can go go karting, but once you get

1556
01:15:45,200 --> 01:15:48,040
Speaker 2: beyond that, if you're any good, you need so much money.

1557
01:15:48,080 --> 01:15:50,920
Speaker 2: It's not funny. He's funding Louis Sharp, and Louis Sharp's

1558
01:15:50,920 --> 01:15:53,000
Speaker 2: been running in the domestic the GP three and won

1559
01:15:53,080 --> 01:15:56,960
Speaker 2: it in Britain, and that seat costs nine hundred thousand

1560
01:15:57,000 --> 01:15:59,120
Speaker 2: dollars a year. Most families don't have nine hundred thousand

1561
01:15:59,160 --> 01:16:01,720
Speaker 2: dollars a year. So people like David Dicker's sponsor, people

1562
01:16:01,800 --> 01:16:04,240
Speaker 2: like Louis next portter call maybe something like F two,

1563
01:16:04,720 --> 01:16:07,439
Speaker 2: which is where Liam's been before, Marcus Armstrong's been before.

1564
01:16:07,520 --> 01:16:10,360
Speaker 2: That's it costs you one point three million euro so

1565
01:16:10,920 --> 01:16:13,080
Speaker 2: good as two and a half million New Zealand dollars.

1566
01:16:13,160 --> 01:16:14,599
Speaker 2: You don't have that either, so you need to find

1567
01:16:14,640 --> 01:16:17,040
Speaker 2: somebody to do it. He put money behind Liam Lawson,

1568
01:16:17,400 --> 01:16:19,840
Speaker 2: did David Dickers. He's put a million bucks behind Liam

1569
01:16:19,920 --> 01:16:22,720
Speaker 2: Lawson and normally these numbers are all confidential, but he

1570
01:16:22,840 --> 01:16:25,599
Speaker 2: said it's all upside to red Bull he gets nothing back.

1571
01:16:25,840 --> 01:16:28,559
Speaker 2: If Lawson or Louis Sharp make it to F one,

1572
01:16:29,000 --> 01:16:32,600
Speaker 2: he might might get his money back. Apart from that,

1573
01:16:32,800 --> 01:16:36,840
Speaker 2: it's philan philanthropic basically at the end of the day.

1574
01:16:37,120 --> 01:16:39,200
Speaker 2: So it's an interesting insight. But he makes these roading

1575
01:16:39,280 --> 01:16:41,719
Speaker 2: cars and they're they're worth them all by themselves. Twenty

1576
01:16:41,760 --> 01:16:42,679
Speaker 2: one minutes away from.

1577
01:16:42,640 --> 01:16:46,840
Speaker 16: Nine International correspondence with ends and eye Insurance, Peace of

1578
01:16:46,960 --> 01:16:49,240
Speaker 16: mind for New Zealand business and brotting Rod.

1579
01:16:49,320 --> 01:16:54,519
Speaker 2: Little of morning to you now you are you excited

1580
01:16:54,560 --> 01:16:56,680
Speaker 2: about mister Tuckle speaking of sport? Is he the man

1581
01:16:56,800 --> 01:16:58,439
Speaker 2: for the day, or the age or the hour?

1582
01:17:01,120 --> 01:17:04,559
Speaker 15: Whoever takes up this poison Chalice has my full support,

1583
01:17:04,760 --> 01:17:09,439
Speaker 15: sympathy and benediction when they leave. I think he's a

1584
01:17:09,479 --> 01:17:12,160
Speaker 15: good idea. He's a very good football manager. He's been

1585
01:17:12,240 --> 01:17:16,680
Speaker 15: very successful, he's won tournament. The objections over here are

1586
01:17:16,840 --> 01:17:20,920
Speaker 15: a that he's had a rather tangled sexual life, which

1587
01:17:21,000 --> 01:17:23,680
Speaker 15: doesn't bother me at all. This is based on the

1588
01:17:23,720 --> 01:17:26,639
Speaker 15: fact that most famous manager Sir Ralph Ramsey, who won

1589
01:17:26,680 --> 01:17:29,840
Speaker 15: the World Cup, probably never had sexual intercourse at all.

1590
01:17:31,520 --> 01:17:34,839
Speaker 15: Number two is that he is He failed at Chelsea,

1591
01:17:35,439 --> 01:17:39,719
Speaker 15: but everybody fails at Chelsea. It's a club which would

1592
01:17:39,880 --> 01:17:42,400
Speaker 15: suck the last bit of light out of the universe.

1593
01:17:43,160 --> 01:17:47,600
Speaker 15: And thirdly that he's German, of course, but you know

1594
01:17:47,840 --> 01:17:51,280
Speaker 15: people who think that our football manager has to be

1595
01:17:51,640 --> 01:17:56,840
Speaker 15: directly descended from King Alfred. That boat has gone and

1596
01:17:57,040 --> 01:17:59,880
Speaker 15: went a long time ago. We've had sendure and ericson

1597
01:18:00,040 --> 01:18:03,840
Speaker 15: if Fabio Capello. This guy seems to be a good bet.

1598
01:18:04,840 --> 01:18:07,880
Speaker 15: I would slightly preferred it if it had been Pep Guardiola,

1599
01:18:09,200 --> 01:18:12,000
Speaker 15: But for a four million quit a year, I don't

1600
01:18:12,040 --> 01:18:14,120
Speaker 15: object to give to a Cherman good stuff.

1601
01:18:15,479 --> 01:18:17,280
Speaker 2: I want to get to the House of Lord's vote

1602
01:18:17,560 --> 01:18:21,040
Speaker 2: in a moment. But there's assist dying bill. How I

1603
01:18:21,200 --> 01:18:23,880
Speaker 2: assume it's as controversial beer as it is everywhere around

1604
01:18:23,880 --> 01:18:24,120
Speaker 2: the world.

1605
01:18:25,680 --> 01:18:28,120
Speaker 15: Well, you guys are a bit ahead of us here.

1606
01:18:28,160 --> 01:18:30,599
Speaker 15: I mean you went through for you in three, three

1607
01:18:30,640 --> 01:18:35,880
Speaker 15: or four years ago. It is controversial. It is subjected

1608
01:18:35,960 --> 01:18:40,559
Speaker 15: to the not quite clean but fairly clean left right

1609
01:18:40,680 --> 01:18:43,920
Speaker 15: split in that the left is by and large in

1610
01:18:44,000 --> 01:18:46,000
Speaker 15: favor of it, and it's being introduced as a private

1611
01:18:46,040 --> 01:18:50,680
Speaker 15: members will by a labor NP him led better. But

1612
01:18:51,080 --> 01:18:54,240
Speaker 15: it doesn't quite break down mycra We've had the Archbishop

1613
01:18:54,240 --> 01:18:58,719
Speaker 15: of Canterbury, Justin Welby, who made an intervention today and said,

1614
01:18:59,520 --> 01:19:03,360
Speaker 15: you know, it's slippery slope. There was no mention of

1615
01:19:03,520 --> 01:19:06,639
Speaker 15: the sanctity of life, which you might have expected from

1616
01:19:06,720 --> 01:19:10,240
Speaker 15: the head of our established church. By the same token,

1617
01:19:10,720 --> 01:19:15,880
Speaker 15: someone on almost as grave an ecumenical tower as Justin

1618
01:19:15,960 --> 01:19:20,120
Speaker 15: Wellby Esther Ransom, Dame Esther Ransom, she of That's life

1619
01:19:20,200 --> 01:19:24,280
Speaker 15: and so on, has also intervened. She is signed up

1620
01:19:24,320 --> 01:19:28,200
Speaker 15: to Digictaus in Switzerland because she has stage four lung

1621
01:19:28,320 --> 01:19:32,640
Speaker 15: cancer and which is not to prolong her existence for

1622
01:19:32,800 --> 01:19:37,400
Speaker 15: very much longer. So yeah, it's controversial, it's difficult, it's

1623
01:19:37,640 --> 01:19:42,000
Speaker 15: very very emotive. The bill will finally be debated at

1624
01:19:42,040 --> 01:19:46,519
Speaker 15: the end of November. But I think that the guests,

1625
01:19:47,160 --> 01:19:49,160
Speaker 15: looking from the way the public is and the way

1626
01:19:49,240 --> 01:19:51,040
Speaker 15: the Parliament is it will go through.

1627
01:19:51,560 --> 01:19:55,000
Speaker 2: As regards the Lord's vite, which is sort of on

1628
01:19:55,160 --> 01:19:59,120
Speaker 2: its mary way as well, Is that remotely controversial or

1629
01:19:59,240 --> 01:20:01,599
Speaker 2: just one of those bits of business that needed tidying

1630
01:20:01,840 --> 01:20:03,960
Speaker 2: up and sorting a long time ago and no one

1631
01:20:04,040 --> 01:20:04,840
Speaker 2: got around and doing it.

1632
01:20:06,720 --> 01:20:10,960
Speaker 15: I don't. I don't think there's an enormous amount of

1633
01:20:11,240 --> 01:20:17,080
Speaker 15: controversy in that. Uh you know, I think I think

1634
01:20:17,120 --> 01:20:18,840
Speaker 15: there's a lot going on at the moment which is

1635
01:20:18,960 --> 01:20:22,600
Speaker 15: problematic for the government, which is also obviously problematic for

1636
01:20:22,680 --> 01:20:27,880
Speaker 15: the opposition. And I don't say that it's scarcely registered

1637
01:20:27,920 --> 01:20:31,720
Speaker 15: over here, but then very often what what the what

1638
01:20:31,880 --> 01:20:34,880
Speaker 15: the House of Rules doesn't register over here at all?

1639
01:20:35,400 --> 01:20:37,920
Speaker 15: That other people are more interested than we are.

1640
01:20:38,880 --> 01:20:43,600
Speaker 2: Interesting that the weight loss jabs thing strikes me? Is

1641
01:20:43,680 --> 01:20:46,639
Speaker 2: that controversy because it's it's I get what Starr's watching

1642
01:20:46,680 --> 01:20:49,439
Speaker 2: Starmer and standing outside Number ten yesterday saying it's good

1643
01:20:49,439 --> 01:20:51,320
Speaker 2: for the health system, it's good for people, it's good

1644
01:20:51,439 --> 01:20:54,000
Speaker 2: all that. I get all that. But if you're overweight

1645
01:20:54,840 --> 01:20:56,640
Speaker 2: and your work but you don't have the money for

1646
01:20:56,760 --> 01:20:59,679
Speaker 2: the JEB, how is it by being the same size

1647
01:20:59,680 --> 01:21:02,519
Speaker 2: and yet jobless, the government will how does.

1648
01:21:02,439 --> 01:21:06,360
Speaker 15: It square Yes, it's very difficult, isn't it. It's very difficult.

1649
01:21:06,479 --> 01:21:09,679
Speaker 15: My argument has always been the way you get people

1650
01:21:09,720 --> 01:21:13,120
Speaker 15: back into the workforce is by making the difference between

1651
01:21:13,200 --> 01:21:17,479
Speaker 15: being on the dole and being in work significant and

1652
01:21:17,720 --> 01:21:23,040
Speaker 15: therefore an incentive. I cannot see uh. And I think

1653
01:21:23,040 --> 01:21:25,800
Speaker 15: the hereditary peers, by the way, might well have vote

1654
01:21:25,840 --> 01:21:30,439
Speaker 15: in favor of this. They're all last in size. But

1655
01:21:30,680 --> 01:21:35,720
Speaker 15: that's besides the point. I think. I don't think they've

1656
01:21:35,760 --> 01:21:39,200
Speaker 15: got this quite right. There is undoubtedly a movement in

1657
01:21:39,320 --> 01:21:42,000
Speaker 15: this country and across the world, and you've probably seen

1658
01:21:42,040 --> 01:21:47,920
Speaker 15: it as well, which which welcomes these weight loss drugs

1659
01:21:47,960 --> 01:21:50,640
Speaker 15: such as a zempit with open arms and thinks that

1660
01:21:50,800 --> 01:21:52,880
Speaker 15: it might be a panasy for all of our reals.

1661
01:21:54,439 --> 01:21:57,920
Speaker 15: It may well be. I'm not a I'm not a chemist.

1662
01:21:58,000 --> 01:22:01,680
Speaker 15: I'm not I'm not a physician. But I've read an

1663
01:22:01,680 --> 01:22:03,960
Speaker 15: awful lot about the good that it can do. What

1664
01:22:04,120 --> 01:22:08,000
Speaker 15: I don't think that it can do is is cure slow. Yes,

1665
01:22:08,360 --> 01:22:10,599
Speaker 15: if I can put it like that, I don't think

1666
01:22:10,680 --> 01:22:12,880
Speaker 15: that it will. I don't think that it can do that.

1667
01:22:13,400 --> 01:22:17,479
Speaker 2: No, exactly, we thought we might have moved on with

1668
01:22:17,600 --> 01:22:21,200
Speaker 2: the business of the freebies but he gets the tickets

1669
01:22:21,240 --> 01:22:23,479
Speaker 2: to the Swift concert. And I can't remember the name

1670
01:22:23,520 --> 01:22:25,160
Speaker 2: of the woman who was a minister who was on

1671
01:22:25,240 --> 01:22:27,040
Speaker 2: the radio the other day, who also got tickets to

1672
01:22:27,080 --> 01:22:29,479
Speaker 2: the Swift conference. And she was busy trying to justify

1673
01:22:29,560 --> 01:22:31,000
Speaker 2: the whole thing because they were difficult to get and

1674
01:22:31,040 --> 01:22:33,800
Speaker 2: the kids were whining they wanted to go. Then we

1675
01:22:33,920 --> 01:22:37,559
Speaker 2: come to Soakia, who gets the Swift tickets but then

1676
01:22:37,720 --> 01:22:39,120
Speaker 2: gets to meet Swift.

1677
01:22:40,560 --> 01:22:42,920
Speaker 15: Yes, it seems to be inconceivable that he would have

1678
01:22:42,920 --> 01:22:44,680
Speaker 15: been able to meet Swift had it not been for

1679
01:22:44,760 --> 01:22:47,479
Speaker 15: the fact that he answered. Carl and various other members

1680
01:22:47,479 --> 01:22:49,960
Speaker 15: of the Labor Party loved with the Metropolitan Police to

1681
01:22:50,080 --> 01:22:53,639
Speaker 15: make sure that Taylor Swift got a very good escort,

1682
01:22:54,840 --> 01:22:56,479
Speaker 15: the sort of escort you would give to someone like

1683
01:22:56,600 --> 01:22:59,599
Speaker 15: Vladimir reputed if he decided to come to the country.

1684
01:23:01,640 --> 01:23:05,439
Speaker 15: It's very difficult to argue otherwise. Because this all happened

1685
01:23:05,479 --> 01:23:09,920
Speaker 15: subsequent to that decision being made. He apparently had a

1686
01:23:10,320 --> 01:23:14,080
Speaker 15: ten minute audience with Her Highness. I don't know what

1687
01:23:14,160 --> 01:23:16,880
Speaker 15: they talked about. Hopefully he tried to tell her about

1688
01:23:16,960 --> 01:23:20,960
Speaker 15: his great British Energy Consortium, which will have riveted her

1689
01:23:21,040 --> 01:23:26,280
Speaker 15: to the spot for those ten minutes. But this is corruption.

1690
01:23:26,680 --> 01:23:30,240
Speaker 15: You know, it's very low level. You know, this isn't

1691
01:23:30,320 --> 01:23:33,759
Speaker 15: Russian oligarch stuff, but it is a form of corruption.

1692
01:23:34,160 --> 01:23:37,760
Speaker 15: And there were ten senior labor politicians who've got these

1693
01:23:37,880 --> 01:23:40,960
Speaker 15: freebies to go and see Taylor and sit in boxes

1694
01:23:41,040 --> 01:23:44,080
Speaker 15: and have a bit of shampers, you know, while listening

1695
01:23:44,120 --> 01:23:49,840
Speaker 15: to this vacuous drivel, and it just rubs the public

1696
01:23:49,960 --> 01:23:53,639
Speaker 15: up the wrong way, especially the people in the country

1697
01:23:53,680 --> 01:23:57,680
Speaker 15: who would have very much liked Taylor Swift tickets and

1698
01:23:57,840 --> 01:24:03,639
Speaker 15: were probably more appropriately aged, you know, ten or something.

1699
01:24:04,800 --> 01:24:06,639
Speaker 15: So it does play with the public.

1700
01:24:06,880 --> 01:24:08,640
Speaker 2: Yes, it does. Go well, mate, we'll catch up on

1701
01:24:08,760 --> 01:24:11,240
Speaker 2: the catch up on. I was going to say we'll

1702
01:24:11,280 --> 01:24:13,720
Speaker 2: catch up on Thursday, but given it's already Thursday, let's

1703
01:24:14,439 --> 01:24:17,000
Speaker 2: let's make it Tuesday, shall we? Fourteen away from eight.

1704
01:24:18,320 --> 01:24:21,640
Speaker 1: The Mike Asking Breakfast Full Show podcast on I have

1705
01:24:21,920 --> 01:24:23,760
Speaker 1: Radio powered by News Talks at b.

1706
01:24:24,000 --> 01:24:26,880
Speaker 2: Where it is eleven away from nine. At last, we've

1707
01:24:26,920 --> 01:24:29,320
Speaker 2: woken the media up in this country after the Solicitor

1708
01:24:29,400 --> 01:24:31,599
Speaker 2: General talk. So far that we started on the program

1709
01:24:31,680 --> 01:24:33,640
Speaker 2: Monday and it's finally arrived in the Herald today. I

1710
01:24:33,680 --> 01:24:36,760
Speaker 2: think even Radio New Zealand woke from its slumber write

1711
01:24:36,760 --> 01:24:38,840
Speaker 2: a little something on the subject yesterday. This is the

1712
01:24:39,000 --> 01:24:43,519
Speaker 2: Solicitor General's instruction to the police prosecutors to quote unquote

1713
01:24:43,880 --> 01:24:47,160
Speaker 2: think carefully before they start charging too many marry about

1714
01:24:47,200 --> 01:24:49,719
Speaker 2: the place anyway, Audrey Young gets to it this morning.

1715
01:24:49,800 --> 01:24:54,880
Speaker 2: It is astonishing, good word, astonishing that a seasoned Solicitor

1716
01:24:55,000 --> 01:24:58,639
Speaker 2: General has got herself into political difficulty over the latest

1717
01:24:58,680 --> 01:25:04,280
Speaker 2: revision of the prosecution guidelines. Astonishingly good word. She did

1718
01:25:04,320 --> 01:25:07,360
Speaker 2: not foresee the political difficulty it would place the government in,

1719
01:25:07,680 --> 01:25:11,799
Speaker 2: or she did foresee and continued anyway, which is my argument.

1720
01:25:12,320 --> 01:25:14,639
Speaker 2: I believe you're getting pushed back from the public sector.

1721
01:25:14,840 --> 01:25:17,000
Speaker 2: She's been appointed by a number of people. She's an

1722
01:25:17,040 --> 01:25:20,040
Speaker 2: interesting woman. Chris Finlesson appointed a David Parker, reappointed a

1723
01:25:20,120 --> 01:25:22,799
Speaker 2: Judith Collins, re reappointed a Judith Collins. Out of the country.

1724
01:25:23,080 --> 01:25:24,280
Speaker 2: But I think it's all going to hit the fan

1725
01:25:24,320 --> 01:25:27,320
Speaker 2: when she gets back into the country. There are limits, rights, Audrey,

1726
01:25:27,720 --> 01:25:30,400
Speaker 2: to the independence of the Solicitor General, and her actions

1727
01:25:30,439 --> 01:25:34,879
Speaker 2: are inviting unnecessary tension in her relationship with the government.

1728
01:25:35,400 --> 01:25:38,400
Speaker 2: At the very least one would expect Crown Law's General

1729
01:25:38,479 --> 01:25:44,439
Speaker 2: policies such as prosecution guidelines not to conflict with government direction,

1730
01:25:45,120 --> 01:25:50,559
Speaker 2: Hella Frickin Louyah, somebody Else's Finally Spotted It nine to nine.

1731
01:25:51,320 --> 01:25:55,240
Speaker 1: The My Costle Breakfast with Alveda Retirement Communities.

1732
01:25:56,479 --> 01:25:58,200
Speaker 2: If you're thinking about your next holiday or you need

1733
01:25:58,280 --> 01:26:02,240
Speaker 2: some travel inspiration, today Expedia has unveiled the Unpacked twenty five,

1734
01:26:02,280 --> 01:26:04,720
Speaker 2: the annual data driven outlook for what's motivating travelers and

1735
01:26:04,720 --> 01:26:06,519
Speaker 2: where they're going to go next year. So New Zealand's

1736
01:26:06,640 --> 01:26:09,719
Speaker 2: Wykata Region Brilliant may one of the top ten global

1737
01:26:09,800 --> 01:26:14,120
Speaker 2: trends lists as a D tour destination. Expedia analyze basically

1738
01:26:14,200 --> 01:26:17,240
Speaker 2: insights from twenty five thousand travelers all over the world

1739
01:26:17,280 --> 01:26:20,320
Speaker 2: to unpack the leading travel trends for next year, including

1740
01:26:20,400 --> 01:26:23,639
Speaker 2: D tour destinations, JOEMO, which is the joy of missing

1741
01:26:23,680 --> 01:26:28,200
Speaker 2: out travel and the phenomenalist so for people traveling great

1742
01:26:28,200 --> 01:26:30,560
Speaker 2: distances to see natural phenomena in real life. So it

1743
01:26:30,600 --> 01:26:32,719
Speaker 2: looks like Kiwis are on the hunt for less crowded,

1744
01:26:33,080 --> 01:26:35,559
Speaker 2: less while known, with sixty three percent of Kiwi travelers

1745
01:26:35,800 --> 01:26:38,400
Speaker 2: saying they're likely to visit a D tour destination on

1746
01:26:38,479 --> 01:26:42,080
Speaker 2: their next trip. Off the beaten track. Locations include Briskuia

1747
01:26:42,320 --> 01:26:44,840
Speaker 2: in Italy, a d tour from Milan, or Aba Dabi,

1748
01:26:44,880 --> 01:26:47,800
Speaker 2: which is a detour from Dubai. Expedia's Unpacked twenty five

1749
01:26:47,880 --> 01:26:50,240
Speaker 2: report it reveals what travelers want and how the travel

1750
01:26:50,280 --> 01:26:53,400
Speaker 2: industry is responding. Go to Expedia dot co dot nz

1751
01:26:53,560 --> 01:26:55,400
Speaker 2: to search the Unpacked travel trends and see what's hot

1752
01:26:55,439 --> 01:27:00,599
Speaker 2: in Expedia and travel Expedia dot co dot nz asking

1753
01:27:00,800 --> 01:27:03,280
Speaker 2: read the hereditary bit of lords that we were talking

1754
01:27:03,280 --> 01:27:05,479
Speaker 2: about with Roder moment ago. Is it weird of me?

1755
01:27:05,560 --> 01:27:09,040
Speaker 2: There's a guy quoted Lord Devon, who is hen hereditary peer.

1756
01:27:09,360 --> 01:27:11,360
Speaker 2: There's only two countries in the world that do hereditary

1757
01:27:11,400 --> 01:27:14,280
Speaker 2: peers anymore, and one is Britain and one is Lessoto.

1758
01:27:14,680 --> 01:27:15,920
Speaker 13: So you know.

1759
01:27:16,840 --> 01:27:19,479
Speaker 2: Anyway, the fact that I'm doing a job that was

1760
01:27:19,520 --> 01:27:22,800
Speaker 2: granted by the Empress Matilda to my four bear in

1761
01:27:22,920 --> 01:27:26,559
Speaker 2: eleven forty two and it's still ongoing and still functioning

1762
01:27:26,680 --> 01:27:29,680
Speaker 2: is a remarkable example of consistency and continuity. Am I

1763
01:27:29,760 --> 01:27:32,439
Speaker 2: old fashioned of thing? That's quite nice? I quite like them?

1764
01:27:32,680 --> 01:27:33,679
Speaker 2: Five minutes away from.

1765
01:27:33,640 --> 01:27:39,439
Speaker 1: Nine trending now with Chemist well House great savings every day?

1766
01:27:39,600 --> 01:27:42,120
Speaker 2: Is I right? Or was I right? Sabrina Carpenter. Right,

1767
01:27:42,520 --> 01:27:46,120
Speaker 2: go to a concert. What's her big song? Espresso? Here's

1768
01:27:46,160 --> 01:27:46,679
Speaker 2: how it goes.

1769
01:27:46,920 --> 01:27:47,599
Speaker 1: I'm working.

1770
01:27:51,439 --> 01:27:57,320
Speaker 2: Oh, we look silky, Sabrina Carpenter, Espresso. But when you

1771
01:27:57,400 --> 01:27:59,600
Speaker 2: go to the concert and you stand next to this woman, this.

1772
01:27:59,640 --> 01:27:59,920
Speaker 19: Is what you.

1773
01:28:12,880 --> 01:28:15,760
Speaker 2: See. What I'm saying, I risk my case. No one

1774
01:28:15,920 --> 01:28:20,479
Speaker 2: wants to hear you sing two hundred pounds per ticket

1775
01:28:20,960 --> 01:28:25,080
Speaker 2: on average to see Sabrina Carpenter. That strikes me as

1776
01:28:26,320 --> 01:28:29,320
Speaker 2: mesmerizingly about one hundred and ninety nine pounds too much.

1777
01:28:29,560 --> 01:28:31,479
Speaker 2: Who was the woman who fell through the stage this week?

1778
01:28:31,720 --> 01:28:32,480
Speaker 2: Was that Rodriguez?

1779
01:28:32,960 --> 01:28:35,680
Speaker 22: Yeahrodrigue?

1780
01:28:35,840 --> 01:28:36,040
Speaker 15: Yeah?

1781
01:28:36,479 --> 01:28:39,439
Speaker 2: How is it you don't check the stage? What's a

1782
01:28:39,600 --> 01:28:43,080
Speaker 2: sound check for? If you're going to go and do

1783
01:28:43,240 --> 01:28:45,840
Speaker 2: a concert and in the middle of the concert you

1784
01:28:46,040 --> 01:28:47,880
Speaker 2: fall through the stage, don't get tricky.

1785
01:28:47,880 --> 01:28:50,320
Speaker 22: I mean if the stage is black and the hole

1786
01:28:50,520 --> 01:28:53,400
Speaker 22: was black and she hasn't got a contact in. Yeah,

1787
01:28:53,400 --> 01:28:54,960
Speaker 22: but she fell through it, not not on it.

1788
01:28:55,080 --> 01:28:58,519
Speaker 2: She didn't fall off it. She fell through it. Wouldn't

1789
01:28:58,520 --> 01:29:01,559
Speaker 2: you go you know, I tapped it feels fairly solid

1790
01:29:01,600 --> 01:29:03,080
Speaker 2: to me. I don't want that happen. I felled through

1791
01:29:03,160 --> 01:29:05,719
Speaker 2: the thing the other day. You know, yeah, it seems

1792
01:29:05,760 --> 01:29:09,920
Speaker 2: okay to me. Didn't care organize my security detail, by

1793
01:29:09,960 --> 01:29:12,240
Speaker 2: the way she'd ask. Anyway, that is us for the day.

1794
01:29:12,520 --> 01:29:15,599
Speaker 2: Worked out okay. In the end, you weren't here before

1795
01:29:15,640 --> 01:29:17,439
Speaker 2: the show started. Oh it was all hell to pack.

1796
01:29:18,200 --> 01:29:20,040
Speaker 2: Actually it possible. It was just in the morning. I

1797
01:29:20,080 --> 01:29:22,080
Speaker 2: thought I'd end in a dramatic note, but that's sort

1798
01:29:22,080 --> 01:29:24,439
Speaker 2: of gone a bit flat now. Anyway, back tomorrow morning

1799
01:29:24,520 --> 01:29:26,320
Speaker 2: at six heaby days.

1800
01:29:32,479 --> 01:29:35,320
Speaker 1: For more from the Mic Asking Breakfast. Listen live to

1801
01:29:35,479 --> 01:29:38,519
Speaker 1: news talks. It'd be from six am weekdays, or follow

1802
01:29:38,600 --> 01:29:40,120
Speaker 1: the podcast on iHeartRadio.