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Speaker 1: The only drive show you can try the truck to

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Speaker 1: ask the question, We get the answers, find the fat

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Speaker 1: sack and give the analysis.

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Speaker 2: Heather duplicy Ellen Drive.

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Speaker 1: With One New Zealand and the Power of Satellite Mobile

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Speaker 1: News doorgsav.

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Speaker 3: Afternoon, Welcome to the show coming up today. Inflation has

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Speaker 3: come in today at three percent. Kiwibanks. Jared Kerr on

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Speaker 3: whether there's any reason to be worried now. Labour's released

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Speaker 3: its first policy in two years. Chippy on that, and

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Speaker 3: A and Z has just had the government rug pulled

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Speaker 3: out from under it. So we're going to speak to

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Speaker 3: the chief executive after six.

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Speaker 2: Thirty here the duplicy Ellen.

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Speaker 3: Well, even I didn't expect Prince Andrew to lose the

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Speaker 3: use of his titles that fast. It was about what

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Speaker 3: half past five on Friday afternoon that I said that

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Speaker 3: he would lose them, and about seven the next morning

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Speaker 3: the news broke that he had. But then I suppose

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Speaker 3: we can see why it happened so fast, right because

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Speaker 3: since Saturday, since that happened, it has just been one

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Speaker 3: revelation after the other involving him. First, the police are

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Speaker 3: looking into reports that he tried to get his personal

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Speaker 3: protection officers to dig up dirt on Virginia Gufrey, his accuser.

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Speaker 3: Then came the news that Fergie and the girls were

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Speaker 3: among the first to welcome Epstein out of jail, and

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Speaker 3: she kept trying to borrow money. And now you've got

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Speaker 3: the creepy detail emerging from Giffrey's book about how Andrew behaved. Now,

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Speaker 3: that is why the announcement about Andrew's titles came so quickly,

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Speaker 3: because King Charles needed it to happen before the newspaper

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Speaker 3: started printing excerpts from the book, so that the stuff

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Speaker 3: that came out didn't hurt the royals by association. But honestly,

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Speaker 3: I don't know that King Charles has done enough because

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Speaker 3: Andrew hasn't actually lost anything, which might be news to you,

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Speaker 3: because the Palace has done an epic spin job and

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Speaker 3: trying to make it look like Andrew's given up all

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Speaker 3: of his titles. He actually hasn't. He is still the

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Speaker 3: Duke of York. He just has agreed not to use

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Speaker 3: it in public. And I don't know about year. We

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Speaker 3: saw how that went with Meghan and Harry, didn't we

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Speaker 3: They were also promising not to use their HRH titles

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Speaker 3: and their megs was busted using it in a private

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Speaker 3: note to someone. So what's happening now is all the

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Speaker 3: UK newspapers are unsatisfied that calling for complete stripping of

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Speaker 3: the titles. You've got the MPs coming under pressure to

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Speaker 3: confront the royal family. Just the sheer volume of coverage

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Speaker 3: that this is getting at the moment over in the

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Speaker 3: UK suggests that this could go on for days. That

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Speaker 3: is not what King Charles wants because in a couple

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Speaker 3: of days he's got a meeting with the Pope and

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Speaker 3: he will not want that meeting to be overshadowed by

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Speaker 3: his playboy brother and all the revelations coming out. I

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Speaker 3: would say, watch this space. I reckon there's a better

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Speaker 3: than average chance that Andrew hasn't even got his full

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Speaker 3: punishment yet.

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Speaker 2: Together do for ce Ellen.

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Speaker 3: Nine two nine two is the text number standard text

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Speaker 3: fees apply now. Tungue to a college in South Auckland

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Speaker 3: is telling students to cover up their uniforms in public.

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Speaker 3: There has been a spate of brawls between young people

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Speaker 3: in the Manecou area. One was caught on video involving

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Speaker 3: about fifteen kids. One student was getting his head kicked

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Speaker 3: in while he lay on the ground. Tunga or college

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Speaker 3: principal Chris beIN is with us. Now, hey, Chris are ellen.

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Speaker 3: This is a sad day, isn't it.

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Speaker 4: Well, it's disappointing to be in this position.

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Speaker 3: Use Okay, are you doing this because you're worried about

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Speaker 3: the utation of the school? Are you worried about the

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Speaker 3: safety of the kids?

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Speaker 4: Now? I just like the stress. It's the safety of

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Speaker 4: the students. Are our students traveling through that area and

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Speaker 4: I just wanted to be sure that they could move

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Speaker 4: through from home to school and vice versa in a

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Speaker 4: safe way.

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Speaker 3: Okay, that brawl where the kid was having his head

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Speaker 3: kicked in did that involve your students?

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Speaker 4: Unfortunately it did.

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Speaker 3: Yes, it was your student the one lying on the

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Speaker 3: ground getting kicked or the ones doing the kicking.

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Speaker 4: No, our ones that we've been able to identify are

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Speaker 4: involved in the assault.

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Speaker 3: Your students are the ones doing the assault.

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Speaker 4: From what we can identify from that footage.

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Speaker 3: Yes, okay, So are your students really the ones who

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Speaker 3: are in danger?

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Speaker 4: Hair, it's more so the ones who are in our

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Speaker 4: uniform and if they travel from like I said, home

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Speaker 4: to school and vice versa, that there could be repercussions

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Speaker 4: for them just because they're in our uniform.

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Speaker 3: Oh okay, so are you worried that because some of

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Speaker 3: your students allegedly were the ones kicking the head and

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Speaker 3: of the kid, other students may now target students from

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Speaker 3: your school as like a kind of revenge.

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Speaker 4: It could be an unfortunate side of all of us

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Speaker 4: taking places.

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Speaker 3: What is going on here? Is there is this? And

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Speaker 3: is this something that underpins this? Is like an event

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Speaker 3: that started this?

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Speaker 4: Look, I'm not sure. In the South, it's caught me

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Speaker 4: unaware and I was only highlighted with what took place

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Speaker 4: last Wednesday and still do not know why this is

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Speaker 4: taking place.

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Speaker 3: Have you spoken to the kids who are involved in

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Speaker 3: this brawl?

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Speaker 4: We have reached out to them and tried to get

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Speaker 4: information about their participation in what took place. So it's

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Speaker 4: really at that stage.

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Speaker 3: Okay. Well, when you say reached out, are they not

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Speaker 3: at school at the moment?

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Speaker 4: No, No, We've asked them to remain at home where

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Speaker 4: we take statements and work our way through everything. We

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Speaker 4: go through our procedures.

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Speaker 3: What's the final part? What is a likely punishment here?

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Speaker 4: Depending on what we find with what took place? It

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Speaker 4: will be up to our discipline committee off the board,

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Speaker 4: and then I'll make a decision from that.

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Speaker 3: Okay, are the police involved?

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Speaker 4: Are we involved the police? Yes?

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Speaker 3: Are the police taking statements?

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Speaker 4: I'm sure, but they're being very portive with my correspondence

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Speaker 4: with them.

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Speaker 3: I mean, they would have to know, Chris, that these

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Speaker 3: kids were kicking a kid in their head. That's assault.

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Speaker 4: Like us, They'll be following through on what we know

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Speaker 4: and what they know and hopefully get the right information.

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Speaker 3: Okay, alrighty, I suppose yeah, that's everything. I mean, what

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Speaker 3: else can you say, Chris, what a terrible situation. I

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Speaker 3: look after yourself and thank you. There's Chris beIN tongue

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Speaker 3: at or A college principle was see what I have

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Speaker 3: to cover up their uniforms. Okay, So on Prince Andrew's situation.

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Speaker 3: So what's going on at the moment is MPs are

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Speaker 3: being urged to confront the royal family at the moment.

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Speaker 3: There's pressure coming on INPs to confront the royal family

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Speaker 3: over what is going on here with Prince Andrew. Because

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Speaker 3: what's going on is not only is stuff coming out

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Speaker 3: of the book at the moment, but there's also stuff

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Speaker 3: coming over from Congress that's being released at the same

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Speaker 3: time anyway, so the MP's are being urged to actually

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Speaker 3: use the parliamentary law that is available to them to

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Speaker 3: strip him of the time of Duke of York. The

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Speaker 3: police in the UK are now also looking into these

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Speaker 3: claims that he asked his personal protection officers to dig

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Speaker 3: up dirt for a smear campaign on Jeffrey Virginia Giufrey.

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Speaker 3: He reportedly gave Jiufrey's date of birth and social Security

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Speaker 3: number to the Copper and asked for some dirt. How

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Speaker 3: the question has got to be, like, where did he

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Speaker 3: get this from in the first place? How did he

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Speaker 3: have her information? Now this stuff is coming from files

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Speaker 3: apparently that's been held by US Congress. Also apparently Congress

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Speaker 3: is preparing to release more Epstein files, and in those

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Speaker 3: Epstein files there will be more dirt on Prince Andrew

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Speaker 3: as well. And then you've got the Fergie stuff, which

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Speaker 3: I'm going to run you through in a minute thirteen

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Speaker 3: past four.

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Speaker 1: It's the Heather Duper see Allen Drive Full Show podcast.

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Speaker 2: On iHeartRadio powered by News Talk ZBI.

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Speaker 3: Here the huge kudos to that principle taking ownership, fronting

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Speaker 3: up and dodging nothing. Good man, good leader. Actually I

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Speaker 3: have to give him credit for that, because this is

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Speaker 3: not a fun thing to have to deal with kids

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Speaker 3: doing this kind of stuff. Sixteen past five.

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Speaker 1: Good sport with tab in play bet with real time

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Speaker 1: odds and stats are eighteen bet responsibly.

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Speaker 3: Jason Pine Sports store coasters. Did they say Piney, Hello Heather?

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Speaker 3: How was it at go media yesterday?

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Speaker 5: Oh?

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Speaker 3: So good?

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Speaker 6: Like Apia, It was incredible, right, yeah, oh, unbelievable. I

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Speaker 6: think probably more some Moon fans there than New Zealand fans,

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Speaker 6: but all of the fans there yesterday for this doubleheader,

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Speaker 6: the Kiwi men and women against the Sarmon and men

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Speaker 6: and women. They all made a heck of a lot

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Speaker 6: of noise too. Great games of rugby league, the New

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Speaker 6: Zealand women coming from twenty nil down to win twenty

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Speaker 6: to twenty, and then the New Zealand men getting their

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Speaker 6: twenty four to eighteen, although I thought, actually some probably

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Speaker 6: should have won that game, So two competitive matches a

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Speaker 6: great occasion. Just shows how important it is for rugby

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Speaker 6: league players to wear their national colors, even at the

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Speaker 6: end of a long NRL season. It was great to

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Speaker 6: see them all fronting up there.

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Speaker 3: Yesterday, Why did you think some wore should have won?

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Speaker 6: They dropped the ball a couple of times with a

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Speaker 6: tri line open, they had some chances to win that game.

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Speaker 6: Hither they could easily have won that game, and in

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Speaker 6: fact I heard Stacy Jones say the keywis coach afterwards, Look,

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Speaker 6: we need to work on our defense because we won't

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Speaker 6: be so lucky next time. So yeah, they missed the chance.

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Speaker 6: Some more, I think to beat New Zealand for the

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Speaker 6: first time.

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Speaker 3: Should that be a bit of a bit of a

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Speaker 3: scare for our squad?

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Speaker 6: I think it's just a reflection of where we are now.

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Speaker 6: You know, there aren't minnows anymore, and days gone by

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Speaker 6: some all kind of cobbled together. Aside, let's not forget

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Speaker 6: you know, Roger t we've asked a check was wearing

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Speaker 6: the fullback jersey for some more or so he's a

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Speaker 6: pretty handy player and he's not the only one.

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Speaker 3: Yeah, fair point. Now, have we got the two best

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Speaker 3: teams in the final for the NPC?

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Speaker 5: Yep? I think so.

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Speaker 6: Canterbury to host Otago Saturday afternoon in christ Church. I

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Speaker 6: think Canterbury the best defensive team. Otago the best attacking team,

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Speaker 6: and I think the five past four kickoff in christ

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Speaker 6: Church on Saturday probably suits Otarge more than Canterbury. I

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Speaker 6: think if you if you want to nullify an attacking team,

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Speaker 6: you probably play a game at nights when it's a

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Speaker 6: bit dewy, a bit colder, that sort of thing. Otago

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Speaker 6: have been really good on attack. Plus they went to

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Speaker 6: christ Church and took the ran Furley Shield off Canterbury

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Speaker 6: about a month ago, so there won't have any fears

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Speaker 6: going up there. Canterbury on the other hand, will be

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Speaker 6: stinging from that and will want to make a point

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Speaker 6: at the end of their season. So yeah, two good teams,

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Speaker 6: hopefully an excellent final in christ Church on Saturday.

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Speaker 3: Why is the kickoff so early?

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Speaker 6: I've been trying to find that out, and Canterbury wanted

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Speaker 6: it at that time against what I just said. You know,

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Speaker 6: they wanted the afternoon kickoff because they think it encourages

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Speaker 6: more fans to come along, more families, which is a

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Speaker 6: good point. But I would have thought Sky Sport would

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Speaker 6: have said no at seven o'clock that's when our viewership

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Speaker 6: is at its highest, but no, five past four and

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Speaker 6: the only reason I yeah, that's Jenny Res I can

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Speaker 6: find Piney.

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Speaker 3: It's particularly interesting, isn't it, because they refuse to move

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Speaker 3: the time for last for this past weekend when actually

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Speaker 3: there was a clash of the cricket and I would

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Speaker 3: have done them the world of good. I would have

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Speaker 3: thought it to me, Yes.

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Speaker 6: Yeah, sky you mean or yes no, you're right because

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Speaker 6: the Canterbury rugby team wanted the afternoon kickoff for their

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Speaker 6: for their their early game as well the semi final

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Speaker 6: as well. Yeah, and they wouldn't budge on that, So

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Speaker 6: you're right. Very interesting they've done at this time when

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Speaker 6: there's nothing.

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Speaker 3: That it clashes with.

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Speaker 6: If they handled at seven, it doesn't glass with anything

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Speaker 6: apart from maybe the Coronation Street omnibus or something like that.

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Speaker 7: I don't know.

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Speaker 3: Okay, well listen maybe finally thank you as as Jason

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Speaker 3: Pine and Sports Talk cost will be back at seven

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Speaker 3: o'clock this evening here on newstig Z. There'db CPI. I

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Speaker 3: guess we've been waiting for the CPI. This is the

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Speaker 3: inflation numbers to come in. Came in today, just over

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Speaker 3: three percent. It was actually three point zero four, so

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Speaker 3: you round that one down to three percent. It is

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Speaker 3: pretty much what a lot of people thought it would be.

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Speaker 3: At three percent, it's what's it's slightly less than what

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Speaker 3: other people thought it was going to be. I mean,

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Speaker 3: there's some expectations could hit three point one percent, so

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Speaker 3: just outside the band unfortunately. Well, I'm going to give

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Speaker 3: you the bad news and the good news. The bad

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Speaker 3: news is that it's because of the stuff that you

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Speaker 3: can't avoid, right. It's because electricity prices went up eleven

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Speaker 3: point three percent over the last year. That just rips

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Speaker 3: your nice he doesn't it, and rates bills up on

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Speaker 3: average eight point eight percent, So you know, we're all

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Speaker 3: basically doesn't matter what we do. If your owner house

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Speaker 3: or you got the lights on, you're paying for this stuff. However,

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Speaker 3: the good news is that we don't have to worry

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Speaker 3: about it too much because this is the quarter in

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Speaker 3: which we thought that it would peak. Inflation was going

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Speaker 3: to go up in this quarter and then thereafter it

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Speaker 3: would come back. And so basically that seems to be

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Speaker 3: fingers cross the worst of it. You can never predict

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Speaker 3: what happens, Donald Trump, but this should be the worst

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Speaker 3: of it. And what we're looking looking at now is

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Speaker 3: it dropping back closer to two percent next year. We're

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Speaker 3: going to have Jared Kerr, the Kei Wei Bank chief

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Speaker 3: economists with us on that after five o'clock for twenty.

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Speaker 2: One hard questions.

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Speaker 1: Strong opinion here the duplicy Ellen drive with one New

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Speaker 1: Zealand and the power of satellite mobile news dogs.

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Speaker 3: They'd behither the tongue it or a principle should take

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Speaker 3: over as the chair of the board for Netball New Zealand.

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Speaker 3: I loved his honesty. Honestly, Hither it's quite obvious why

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Speaker 3: Sky wouldn't budge because they currently don't have the rights

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Speaker 3: for the cricket, so they didn't want to give TVNZ

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Speaker 3: a free win with the ratings by moving the rugby neck.

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Speaker 3: You're probably it's probably actually fair. It's probably exactly what's

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Speaker 3: going on for twenty four Now, the government's announced that

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Speaker 3: they've got the one point two billion dollar worth of

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Speaker 3: roading projects all signed off as the Roads of National

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Speaker 3: Significance n ZTA. We're just going through book, you know,

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Speaker 3: basically process stuff here right. NZTA is given it the

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Speaker 3: old tich yep old good tod government's now going to

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Speaker 3: consider tolling as part of as one of the ways

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Speaker 3: to pay for this as Chris.

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Speaker 8: Bishop my senses though most people once they realize if

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Speaker 8: they don't if you don't toll things, the road is

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Speaker 8: nit delayed or doesn't happen at all. People say, well,

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Speaker 8: just bring the toll and forward. Thanks, We'll just rather

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Speaker 8: pay a bit extra to drive on the ruck. And

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Speaker 8: that's how starting important. That's what we're doing.

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Speaker 3: He is actually incidentally going to be with us after

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Speaker 3: six o'clock because Nichola willis as awow. I think she

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Speaker 3: might be overseas or something like that. So Chris Bishops

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Speaker 3: and we'll have a chat to him about that for

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Speaker 3: twenty four ever duplesel. Finally we've got something from Labor.

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Speaker 3: It's the first policy that they've released, I think in

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Speaker 3: two years. This is their election. It's one of their

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Speaker 3: key election policies. It's a future fund. Now it's not

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Speaker 3: half bad, but they've managed to screw it up. So

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Speaker 3: the idea is basically to copy what they do over

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Speaker 3: in Singapore with Temasek. Right, so takes it operates all.

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Speaker 3: It's like their investment funding arm for the government.

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Speaker 5: Right.

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Speaker 3: So what they want to do is set up a

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Speaker 3: similar thing. Chuck a couple of hundred million dollars into it.

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Speaker 3: Maybe roll in some of our state assets. They're not

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Speaker 3: saying which ones at the moment, but chuck them in there.

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Speaker 3: And then this thing would be managed by the NZ

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Speaker 3: super guys, right, so they were doing a fantastic job

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Speaker 3: of managing Super so they would also manage this and

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Speaker 3: you grow the fund and get the dividends from various

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Speaker 3: companies I would imagine to reinvest and grow the fund.

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Speaker 3: Problem with this is so that's a fantastic idea, and

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Speaker 3: in fact it's an idea that had this government been

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Speaker 3: smart about it, they would have done it themselves, because

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Speaker 3: it was an idea that was floated by Winston Peters himself.

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Speaker 3: I am sure it was before the twenty twenty four budget,

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Speaker 3: so about eighteen months ago he talked about how we

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Speaker 3: could copy copy Singapore and this was the thing that

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Speaker 3: he pointed to. Well, obviously Labour read that and thought, yeah,

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Speaker 3: we can do that. Problem is Labour's taking a fantastic

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Speaker 3: idea and just taking the wheels off it, because what

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Speaker 3: these guys in Singapore do is nothing. Nothing is a

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Speaker 3: sacred cow. Anything can be sold, Anything can be bought

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Speaker 3: as long as like they sell the crappy stuff. And

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Speaker 3: they buy the good stuff and then they basically just

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Speaker 3: grow the wealth of the Singaporeans. Labor here, of course,

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Speaker 3: cannot possibly be be that, you know, visionary. They decided,

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Speaker 3: they've decided that nothing is allowed to be sold. So

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Speaker 3: if there's a state even if the state asset is

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Speaker 3: doing a land corp and before performing as poorly as

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Speaker 3: we'd have to hold onto the bloody thing. Anyway, Chipley's

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Speaker 3: gonna be with us after five o'clock, so we'll have

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Speaker 3: a chat to him about that. If you are, can

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Speaker 3: I just say, if you're a contact gas customer, can

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Speaker 3: I just politely suggest you might not want to be

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Speaker 3: a contact gas customer because I don't know if you've

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Speaker 3: seen what they've announced today with the gas prices, but woof,

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Speaker 3: that's pricey. They're gonna put the price of gas up

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Speaker 3: by an average of about seventeen percent. It's hard to

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Speaker 3: see that this is fair. Because let me run you

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Speaker 3: through the numbers really quickly. Okay, the new charge is

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Speaker 3: about fifteen cents per kellor what hour of gas? Now,

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Speaker 3: if you work that out per gigadule, that's forty one

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Speaker 3: dollars forty two of forty one dollars forty per gigadeuel

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Speaker 3: of gas. Now, that is three times what they are

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Speaker 3: paying on the spot market for gas. Right they are

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Speaker 3: paying less than fourteen dollars per gigadul, and then they

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Speaker 3: are selling it to you at about forty one dollars.

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Speaker 3: It is seven times what methodis pays at about six

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Speaker 3: dollars per gigadul. Contact says, this is contact explanation for

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Speaker 3: why they're doing it. Contact says, we're balancing the need

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Speaker 3: for energy security with a constrained gas supply as the

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Speaker 3: country transitions to a renewable energy future. What does that

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Speaker 3: even mean? The OD do you know what? Because I

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Speaker 3: don't know what that means. I'm interpreting that as Contact

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Speaker 3: is trying to basically price you out of gas. So

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Speaker 3: they're trying to get you to give it up. Anyway,

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Speaker 3: take the hint, give it up, go get your gas

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Speaker 3: from somewhere else because Contact is charging you.

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Speaker 5: First too much.

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Speaker 3: Anyway. News is next News Talk ZB just for a

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Speaker 3: new person over.

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Speaker 1: Again, digging deeper into the day's headlines. It's Heather duplic

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Speaker 1: Ellen drive with one New Zealand coverage like no one

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Speaker 1: else News talks.

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Speaker 2: They'd be.

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Speaker 3: Down fast, that's Luckson. It's just been asked at post

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Speaker 3: cabinet press conference of what he thinks about the Labor

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Speaker 3: Party policy and he's got a few things to sell.

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Speaker 3: Get that to you.

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Speaker 5: Very short.

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Speaker 3: They're very so ball with us on that as well.

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Speaker 3: Not so far away, about ten minutes away. Very cool.

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Speaker 3: So if your kid is really a really sporty, particularly

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Speaker 3: with regards to rugby or football, there is now a

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Speaker 3: school that's going to be opening a Upper Heart that

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Speaker 3: is completely dedicated to sports. It's a charter school obviously,

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Speaker 3: this is what gives the charter school system is the

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Speaker 3: way that you're able to do this. It's going to

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Speaker 3: focus initially on football, starting by the way in January

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Speaker 3: for years eleven to thirteen, focus initially on football and rugby.

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Speaker 3: They could had add other sports in the future. Of the

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Speaker 3: Wellington Phoenix Football Academy is involved with this. So we'll

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Speaker 3: have a chat to David Dome, who's the general manager

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Speaker 3: at the Wellington Phoenix in about half an hour's time

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Speaker 3: right now, twenty four away from five.

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Speaker 2: It's the World Wires on news talks. It'd be drive.

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Speaker 3: So Prince Andrew reportedly try to get police to try

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Speaker 3: and dug up dirt on Virginia Gufrey back in twenty eleven.

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Speaker 3: The Mail on Sunday has reported that the Prince gave

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Speaker 3: his police bodyguard Giufhrey's date of birth and social security

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Speaker 3: number and then asked him to find out if she

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Speaker 3: had a check it past. Here's the UK government minister

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Speaker 3: ed Milliband.

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Speaker 5: They are deally concerning allegations.

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Speaker 9: I think there will people want to look at those

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Speaker 9: allegations and what the substance is behind them. But obviously

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Speaker 9: that is a but if that is correct, that is

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Speaker 9: absolutely not the way that closed protection officers should be used.

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Speaker 3: Barnaby Joyce has sensationally quit the Australian National Party and

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Speaker 3: is reportedly looking at joining One Nation. Barnaby has refused

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Speaker 3: to confirm this, but he said he has had a

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Speaker 3: chat with One Nation leader Pauline Hansen.

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Speaker 8: I decided to remove the middleman and give her a

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Speaker 8: call myself last night where I spoke to her for

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Speaker 8: about five tenner CEO and no, I'm not going to

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Speaker 8: see what we spoke about, but there was a few laughs.

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Speaker 3: OLLI Peterson on that shortly and finally.

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Speaker 7: I came I saw it and I don't believe my.

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Speaker 3: Eyes a woman in Louisiana has found an ancient Roman

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Speaker 3: gravestone in her backyard. She's called in the experts. They

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Speaker 3: have confirmed that it is a genuine burial stone belonging

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Speaker 3: to a Thracian sailor who died almost two thousand years ago.

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Speaker 3: The woman has arranged through the FBI for the gravestone

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Speaker 3: to be returned to the Italian Museum that it belongs to.

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Speaker 1: International correspondence with Ends and Eye Insurance Peace of Mind

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Speaker 1: for New Zealand business.

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Speaker 3: Olli Peterson sits the Our Perth Live presenters with us Ali.

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Speaker 3: What happened at the protest over the weekend.

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Speaker 10: Well, we've got some police officers who have been injured

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Speaker 10: as a result of rocks and bottles being thrown at

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Speaker 10: their really ugly scenes which have been making headlines right

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Speaker 10: around the world. Now we're talking here about pro and

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Speaker 10: anti migration protesters coming together in the Melbourne CBD.

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Speaker 7: But unfortunately head this is.

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Speaker 10: Really becoming something that we are witnessing on the streets

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Speaker 10: in Melbourne on a very regular basis. Police have had enough,

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Speaker 10: they are absolutely fed up with it. There was the

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Speaker 10: random stabbing of a woman in the middle of the

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Speaker 10: As I say, PERCVD the Melbourne CBD. Last week when

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Speaker 10: the Premier, Justin to Allen was asked if Melbourne is safe,

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Speaker 10: she couldn't say it. Then she's gone on to the

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Speaker 10: front foot today to say yes, the Melbourne CBD is safe.

440
00:19:32,520 --> 00:19:34,280
Speaker 7: People do not think that it is safe.

441
00:19:34,560 --> 00:19:38,040
Speaker 10: And the Police Union is calling now on there being

442
00:19:38,080 --> 00:19:41,280
Speaker 10: a permit and registration process like they have in New

443
00:19:41,320 --> 00:19:44,200
Speaker 10: South Wales before protests are planned, so at least they

444
00:19:44,280 --> 00:19:46,840
Speaker 10: know what they are about to deal with. But I'll

445
00:19:46,880 --> 00:19:49,680
Speaker 10: tell you what, the underbelly of Melbourne is now on

446
00:19:49,800 --> 00:19:54,720
Speaker 10: full display, full spotlight. It's again making global headlines and

447
00:19:54,840 --> 00:19:57,200
Speaker 10: Melbourne is getting a really bad reputation.

448
00:19:57,720 --> 00:19:59,760
Speaker 3: And has this got anything to do with the privates

449
00:20:00,000 --> 00:20:02,040
Speaker 3: scurity that's being employed by various suburbs.

450
00:20:02,640 --> 00:20:04,480
Speaker 10: Well, this is part of the problem because you go

451
00:20:04,520 --> 00:20:07,080
Speaker 10: out to the western suburbs, which is the sprawling area

452
00:20:07,160 --> 00:20:09,800
Speaker 10: of Melbourne at the moment, which is where housing estates

453
00:20:09,800 --> 00:20:13,600
Speaker 10: cannot keep up with the migration boom and people are

454
00:20:13,600 --> 00:20:16,320
Speaker 10: resulting to yes private security guards. If you look at

455
00:20:16,359 --> 00:20:20,199
Speaker 10: aggravated burglaries and theft, we're seeing a spike of fifty

456
00:20:20,200 --> 00:20:22,680
Speaker 10: percent year on year and they're still pretty high statistics.

457
00:20:22,680 --> 00:20:24,680
Speaker 10: We're talking about two and a half to three thousand

458
00:20:24,720 --> 00:20:28,720
Speaker 10: people finding their properties being broken into on a daily basis.

459
00:20:29,040 --> 00:20:31,320
Speaker 10: A lot of these people as well, header are juveniles

460
00:20:31,400 --> 00:20:35,320
Speaker 10: jumping fences, coming into their houses, stealing the goods, stealing cars.

461
00:20:36,160 --> 00:20:38,280
Speaker 10: You don't forget they've got a ban now on machetes

462
00:20:38,440 --> 00:20:41,920
Speaker 10: in Victoria. Again, these are all the headlines you don't

463
00:20:41,920 --> 00:20:44,399
Speaker 10: want to be talking about in regards to a city

464
00:20:44,520 --> 00:20:47,679
Speaker 10: like Melbourne, which is obviously trying to be the events

465
00:20:47,760 --> 00:20:50,159
Speaker 10: capital of Australia, if not trying to say they're rivaling

466
00:20:50,200 --> 00:20:52,600
Speaker 10: the rest of the world with Grand Prix Boxing Day tests,

467
00:20:52,840 --> 00:20:55,840
Speaker 10: Melbourne cups, et cetera, et cetera. There are some major

468
00:20:56,200 --> 00:20:59,719
Speaker 10: social problems in Victoria which have been bubbling away for years.

469
00:21:00,119 --> 00:21:03,240
Speaker 10: The government is losing control and now you're resulting to

470
00:21:03,440 --> 00:21:07,359
Speaker 10: private security guards complementing the police and regularly reports now

471
00:21:07,359 --> 00:21:09,160
Speaker 10: out of the western suburbs of Melbourne that the police

472
00:21:09,200 --> 00:21:11,919
Speaker 10: helicopters having to hover around the suburbs all night just

473
00:21:11,920 --> 00:21:12,879
Speaker 10: to keep people safe.

474
00:21:13,000 --> 00:21:16,840
Speaker 3: Jesus Rafae. Now, okay, what do you think is going

475
00:21:16,880 --> 00:21:17,680
Speaker 3: on with Barnaby.

476
00:21:18,840 --> 00:21:21,960
Speaker 10: Well, he's got the sh one ts with the National

477
00:21:21,960 --> 00:21:24,400
Speaker 10: Party quite Frankly, he doesn't agree with David littl Proud

478
00:21:24,480 --> 00:21:26,800
Speaker 10: or the direction of the coalition because they will not

479
00:21:27,000 --> 00:21:30,240
Speaker 10: abandon at this stage and at zero And look, he

480
00:21:30,320 --> 00:21:33,680
Speaker 10: is a very savvy politician, so is Pauline Hanson. Now

481
00:21:33,800 --> 00:21:37,000
Speaker 10: Pauline Hanson's into his seventies, Barnaby Joyce is fifty eight.

482
00:21:37,520 --> 00:21:41,320
Speaker 10: He can see another fifteen to twenty years in the

483
00:21:41,359 --> 00:21:45,400
Speaker 10: Australian Parliament as the breakaway renegade that he is being the.

484
00:21:45,240 --> 00:21:47,280
Speaker 7: Next leader of one Nation.

485
00:21:47,520 --> 00:21:51,360
Speaker 10: So this is all about saving his own backside ultimately, Heather,

486
00:21:51,480 --> 00:21:54,199
Speaker 10: and I'm not saying that the National Party was going

487
00:21:54,240 --> 00:21:57,959
Speaker 10: to break up with Barnaby Joyce either, but the Conservative

488
00:21:58,000 --> 00:22:01,840
Speaker 10: Parties are currently having a crisis of identity and that

489
00:22:02,040 --> 00:22:05,400
Speaker 10: is on full and frank display for the Australian public

490
00:22:05,640 --> 00:22:08,680
Speaker 10: to be going along the ride with this Barnaby liking

491
00:22:08,720 --> 00:22:12,520
Speaker 10: although him is one of the most effective politicians probably

492
00:22:12,560 --> 00:22:14,760
Speaker 10: of this generation, and if he is going to make

493
00:22:14,800 --> 00:22:16,600
Speaker 10: a decision in a years going to one Nation, he's

494
00:22:16,600 --> 00:22:18,400
Speaker 10: just going to play the game and for a little

495
00:22:18,400 --> 00:22:22,399
Speaker 10: bit longer then this could have catastrophic consequences for what

496
00:22:22,440 --> 00:22:24,320
Speaker 10: the coalition is at the moment, which is already broken,

497
00:22:24,359 --> 00:22:25,600
Speaker 10: doesn't know what it stands for.

498
00:22:25,880 --> 00:22:27,320
Speaker 7: Andrew Hasti's resigned as we know.

499
00:22:27,400 --> 00:22:29,040
Speaker 10: You see the prices resign and now if you see

500
00:22:29,080 --> 00:22:32,600
Speaker 10: Barnaby Joyce, former Deputy Prime Minister of Australia, former leader

501
00:22:32,600 --> 00:22:35,320
Speaker 10: of the National Party, defect to one nation where we

502
00:22:35,880 --> 00:22:38,280
Speaker 10: are in for some sort of a ride as the

503
00:22:38,320 --> 00:22:41,920
Speaker 10: conservative side of Australian politics tries to find whatever.

504
00:22:41,640 --> 00:22:43,720
Speaker 7: Identity it has or does not have in this country.

505
00:22:43,720 --> 00:22:45,760
Speaker 3: At the moment, Ollie, how many coins did you get?

506
00:22:45,760 --> 00:22:47,280
Speaker 3: How many of those bluey coins did you get? For

507
00:22:47,320 --> 00:22:47,680
Speaker 3: the kids?

508
00:22:48,480 --> 00:22:48,720
Speaker 7: Four?

509
00:22:48,920 --> 00:22:51,160
Speaker 10: I managed to win the ballot two and sotly my wife,

510
00:22:51,280 --> 00:22:53,119
Speaker 10: So if you'd like to bid on them, Hea, then

511
00:22:53,119 --> 00:22:53,879
Speaker 10: I'm happy to sell them.

512
00:22:53,920 --> 00:22:56,960
Speaker 3: She's no, you spent eighty dollars on coins.

513
00:22:57,640 --> 00:22:59,159
Speaker 7: Yeah, well I didn't know she was going to get them.

514
00:22:59,200 --> 00:23:00,400
Speaker 7: She didn't know I was going to get at them,

515
00:23:00,440 --> 00:23:03,000
Speaker 7: but yeah we did. As I said, the tooth Fairy

516
00:23:03,119 --> 00:23:04,639
Speaker 7: might be interested in some of these.

517
00:23:04,680 --> 00:23:06,720
Speaker 3: You get paid way too much, Ollie, thanks very much,

518
00:23:06,960 --> 00:23:11,160
Speaker 3: look after yourself. Oliver Peterson six PM, Perth Life presenter.

519
00:23:11,200 --> 00:23:13,160
Speaker 3: He is so excited about it. He actually he won

520
00:23:13,200 --> 00:23:15,600
Speaker 3: it last week and sent me a screen grab and

521
00:23:15,720 --> 00:23:17,840
Speaker 3: was like whew, I got the bluey coins and I

522
00:23:17,880 --> 00:23:21,919
Speaker 3: was like, whoa your banks? Yeah, that's a not too

523
00:23:21,960 --> 00:23:25,640
Speaker 3: Scottish for that nonsense from my Omar part seventeen away from.

524
00:23:25,440 --> 00:23:27,680
Speaker 2: Five Heather dupl.

525
00:23:27,200 --> 00:23:30,280
Speaker 3: So here's Chris Luctioneon on Chris Hopkins's future fund policy,

526
00:23:30,280 --> 00:23:31,520
Speaker 3: which was announced this afternoon.

527
00:23:31,560 --> 00:23:34,600
Speaker 11: There was no numbers in the in the document whatsoever.

528
00:23:34,840 --> 00:23:36,720
Speaker 11: There wasn't even the two hundred million dollar seed money

529
00:23:36,720 --> 00:23:40,080
Speaker 11: that I understood Barbara dvmans talked about in the briefing.

530
00:23:40,359 --> 00:23:41,760
Speaker 11: But if you look at it over the last three

531
00:23:41,840 --> 00:23:43,920
Speaker 11: years as anywhere from six to eight hundred million dollars

532
00:23:43,960 --> 00:23:46,199
Speaker 11: worth of dividends, Well, that money is actually used to

533
00:23:46,200 --> 00:23:48,680
Speaker 11: pay for health and education. So where's that going to

534
00:23:48,720 --> 00:23:51,359
Speaker 11: come from? So where's the costing for that? What is

535
00:23:51,359 --> 00:23:53,440
Speaker 11: the implication of that on the delivery of the deficit

536
00:23:53,520 --> 00:23:56,760
Speaker 11: for example, So where's the thinking behind it all? There

537
00:23:56,800 --> 00:23:59,399
Speaker 11: is no detail, There is no costings. It's just classic labor.

538
00:23:59,440 --> 00:24:01,439
Speaker 11: So I've got no details. And as I said to you,

539
00:24:01,480 --> 00:24:06,040
Speaker 11: after two years in opposition, this is your first outing. Honestly,

540
00:24:06,160 --> 00:24:08,960
Speaker 11: if we had done that, we would have been crucified.

541
00:24:09,240 --> 00:24:11,440
Speaker 3: Now he's come to life on it hasn't he, And

542
00:24:11,880 --> 00:24:14,360
Speaker 3: there's good reason for that, I suspect, I mean, obviously

543
00:24:14,440 --> 00:24:16,879
Speaker 3: labor deserves a little bit of grief for taking a

544
00:24:16,920 --> 00:24:19,000
Speaker 3: perfectly good idea and ruining it. But also I can't

545
00:24:19,000 --> 00:24:21,200
Speaker 3: help but wonder if it is also that Chris Luxin

546
00:24:21,240 --> 00:24:23,400
Speaker 3: is a bit bummed out because he actually likes this policy,

547
00:24:23,800 --> 00:24:26,120
Speaker 3: and this is something he might have wanted to have done,

548
00:24:27,680 --> 00:24:30,280
Speaker 3: copying the Singaporean model, and he's been pipped to the

549
00:24:30,320 --> 00:24:33,760
Speaker 3: post by Chrishipkins, which would suck. It would suck to

550
00:24:33,800 --> 00:24:36,560
Speaker 3: have your idea, the idea that you love, be trotted

551
00:24:36,560 --> 00:24:38,840
Speaker 3: out by Chris Hopkins and him ruin it. Anyway, we'll

552
00:24:38,920 --> 00:24:40,760
Speaker 3: talk to Barry Sober about it. He's with us shortly

553
00:24:40,920 --> 00:24:42,080
Speaker 3: sixteen away from five.

554
00:24:42,320 --> 00:24:46,000
Speaker 1: Politics with Centric Credit, check your customers and get payments.

555
00:24:45,600 --> 00:24:47,840
Speaker 3: Cirtaty just he heads up buddy, a mental couple King.

556
00:24:47,880 --> 00:24:50,040
Speaker 3: He has broken her silence on the allegations that she

557
00:24:50,119 --> 00:24:52,199
Speaker 3: overspent her budget. I'll get you a cross that detail

558
00:24:52,240 --> 00:24:54,840
Speaker 3: before five o'clock. It's thirteen away from five and Barry Sober,

559
00:24:54,880 --> 00:24:58,359
Speaker 3: Senior Political Correspondents with us. Barry good afternoon. Her though

560
00:24:58,440 --> 00:25:01,520
Speaker 3: inflation at three percent, totally expected right, Well.

561
00:25:01,280 --> 00:25:03,800
Speaker 12: It was, wasn't it, And it is in the Reserve

562
00:25:03,840 --> 00:25:08,000
Speaker 12: Bank's target one to three percent. So three percent you've

563
00:25:08,000 --> 00:25:11,080
Speaker 12: got to say, well, you know, it's not great, and

564
00:25:11,119 --> 00:25:13,879
Speaker 12: it's more than what the government would have wanted, I think,

565
00:25:14,520 --> 00:25:17,960
Speaker 12: and it really, I guess, raises a question about what

566
00:25:18,000 --> 00:25:20,600
Speaker 12: the Reserve Bank is going to do next month when

567
00:25:20,640 --> 00:25:26,320
Speaker 12: it looks at the OCR again, because three percent cutting

568
00:25:26,320 --> 00:25:31,160
Speaker 12: the OCR fuels spending feet through to inflation.

569
00:25:31,600 --> 00:25:32,840
Speaker 3: Yeah, sorry, it's going to cut.

570
00:25:33,000 --> 00:25:35,880
Speaker 12: I think it will cut, but it makes it difficult

571
00:25:35,920 --> 00:25:39,920
Speaker 12: for a government that wants to contain spending when you've

572
00:25:39,920 --> 00:25:42,199
Speaker 12: got this inflation rate running the way it is at

573
00:25:42,240 --> 00:25:42,560
Speaker 12: the moment.

574
00:25:42,640 --> 00:25:45,920
Speaker 3: So my take on the labor fund that they've just

575
00:25:46,000 --> 00:25:48,200
Speaker 3: announced is that it's a fantastic idea, but they've taken

576
00:25:48,240 --> 00:25:50,680
Speaker 3: all the good stuff out of it. Well, if you.

577
00:25:50,640 --> 00:25:55,200
Speaker 12: Listen to Winston Peters, it was his idea that he

578
00:25:55,320 --> 00:25:56,400
Speaker 12: and it's true.

579
00:25:56,240 --> 00:25:58,560
Speaker 3: Is apparently working on it with Grant Robertson.

580
00:25:58,600 --> 00:26:01,359
Speaker 12: Where he had been and they'd looked at this idea,

581
00:26:02,400 --> 00:26:05,760
Speaker 12: but it never really got off the ground. The problem was,

582
00:26:05,840 --> 00:26:08,960
Speaker 12: and I think Chrishipkins was absolutely right that there were

583
00:26:08,960 --> 00:26:12,359
Speaker 12: no figures in this they couldn't have an announce the

584
00:26:12,400 --> 00:26:15,760
Speaker 12: state owned enterprises that would be encompassed by this, because

585
00:26:16,240 --> 00:26:19,080
Speaker 12: there's in New Zealand, for example, going to be the

586
00:26:19,080 --> 00:26:21,719
Speaker 12: divisids that they returned to the government. The point that

587
00:26:22,000 --> 00:26:25,439
Speaker 12: Chris Hipkins made six hundred million dollars comes into the

588
00:26:25,480 --> 00:26:29,400
Speaker 12: government from these sources. What are they going to do?

589
00:26:29,480 --> 00:26:33,159
Speaker 12: They normally spend it on health, education and whatever. So

590
00:26:33,240 --> 00:26:36,280
Speaker 12: what are Labor going to do with the money, and

591
00:26:36,960 --> 00:26:38,560
Speaker 12: how they're going to fund it, how they're going to

592
00:26:38,600 --> 00:26:41,159
Speaker 12: seed it At two hundred million dollars, it's meant to

593
00:26:41,200 --> 00:26:45,600
Speaker 12: be great for business if it's possible in terms of

594
00:26:45,640 --> 00:26:49,680
Speaker 12: financing it, but that hasn't been proven to a suggestion

595
00:26:49,800 --> 00:26:53,000
Speaker 12: at the news conferences afternoon that Labor's the same old

596
00:26:53,000 --> 00:26:56,080
Speaker 12: team that was bipped out of office two years ago,

597
00:26:56,520 --> 00:26:58,800
Speaker 12: a leader Chris Hipkins pushed back, here he is with

598
00:26:59,160 --> 00:27:03,880
Speaker 12: his finance spoke spokes woman Barbara Edmunds.

599
00:27:03,840 --> 00:27:05,600
Speaker 13: Or we don't have the same team, except quite a

600
00:27:05,680 --> 00:27:09,439
Speaker 13: different team. Barbara different, Barbara is different, and Barbara's been

601
00:27:09,440 --> 00:27:11,840
Speaker 13: the architect of this policy and I absolutely beck it

602
00:27:11,840 --> 00:27:14,280
Speaker 13: because I think it is a different way of thinking

603
00:27:14,359 --> 00:27:16,720
Speaker 13: about how we use the huge s base that the

604
00:27:16,720 --> 00:27:19,480
Speaker 13: Crown has now to help grow New Zealand's economy and

605
00:27:19,520 --> 00:27:21,679
Speaker 13: grow opportunities for New Zealanders in the future.

606
00:27:21,960 --> 00:27:25,040
Speaker 14: So for us, it's about in the last eighteen months

607
00:27:25,080 --> 00:27:27,520
Speaker 14: to listening to the electorate. You gave us a really

608
00:27:27,560 --> 00:27:29,640
Speaker 14: strong message you didn't want us to be in government.

609
00:27:29,680 --> 00:27:32,160
Speaker 14: So the last eighteen months, our whole team has been

610
00:27:32,200 --> 00:27:36,320
Speaker 14: talking to communities, businesses, organizations up and down the country.

611
00:27:36,560 --> 00:27:39,600
Speaker 14: The number one thing that is constantly been said to

612
00:27:39,640 --> 00:27:42,879
Speaker 14: me is we want a long term vision and plan

613
00:27:43,040 --> 00:27:46,160
Speaker 14: for our country. The Future Fund is the first step

614
00:27:46,200 --> 00:27:46,480
Speaker 14: to that.

615
00:27:47,080 --> 00:27:50,480
Speaker 12: Yeah, but you know where's it going to come from.

616
00:27:51,280 --> 00:27:54,639
Speaker 12: Labors said that they referred a lot to the New

617
00:27:54,720 --> 00:27:58,280
Speaker 12: Zealand Superfund set up by Michael Cullen. It's now worth

618
00:27:58,320 --> 00:28:02,960
Speaker 12: eighty five billion dollars returns of eleven percent a year.

619
00:28:02,960 --> 00:28:05,639
Speaker 12: But the problem with this particular fund, when you compare

620
00:28:05,680 --> 00:28:08,159
Speaker 12: it with that one, is that this one will be

621
00:28:08,600 --> 00:28:11,560
Speaker 12: totally internalized in New Zealand. They won't be able to

622
00:28:11,600 --> 00:28:15,400
Speaker 12: invest off seas, off sea overseas, So you.

623
00:28:15,359 --> 00:28:18,399
Speaker 3: Know that's what I mean, that's a great idea that

624
00:28:18,440 --> 00:28:19,960
Speaker 3: they just take all the good stuff out like that,

625
00:28:20,320 --> 00:28:22,480
Speaker 3: they make it hard for the great idea to actually

626
00:28:22,520 --> 00:28:25,920
Speaker 3: bear fruit, right, because that's too much, too much red

627
00:28:25,960 --> 00:28:28,760
Speaker 3: tape binding it. Anyway, Shane Jones, what's he up to?

628
00:28:29,320 --> 00:28:33,880
Speaker 12: Well, he's of course in Sydney at the moment, promoting

629
00:28:33,920 --> 00:28:39,840
Speaker 12: New Zealand is a great mining mining mecca for natural resources.

630
00:28:40,240 --> 00:28:43,440
Speaker 12: So he's over there. He'll been a conference, International Mining

631
00:28:43,440 --> 00:28:46,360
Speaker 12: and Resources Conference apparently he's going to be held next year.

632
00:28:46,400 --> 00:28:50,239
Speaker 12: Here it's in Sydney this year. So Shane Jones is

633
00:28:50,280 --> 00:28:52,360
Speaker 12: talking up New Zealand. Then he's off to the United

634
00:28:52,360 --> 00:28:58,760
Speaker 12: States to another conference, International Mining and Resources Conference, and

635
00:28:59,280 --> 00:29:01,479
Speaker 12: so New Zealand being sold. I don't think the greetings

636
00:29:01,520 --> 00:29:03,960
Speaker 12: will be very happy about it, but that's what he does.

637
00:29:04,160 --> 00:29:07,120
Speaker 3: Yeah, brilliant, Barry, Thanks very much. Barry Soper, Senior political correspondent,

638
00:29:07,200 --> 00:29:07,880
Speaker 3: Nine away from.

639
00:29:07,720 --> 00:29:12,640
Speaker 1: Five, the headlines and the hard questions. It's the mic

640
00:29:12,720 --> 00:29:14,200
Speaker 1: asking breakfast.

641
00:29:13,640 --> 00:29:16,520
Speaker 3: The psychological effect of anything with a three in it?

642
00:29:16,600 --> 00:29:19,000
Speaker 5: What's your assessment of that? Do we we're already in

643
00:29:19,000 --> 00:29:20,840
Speaker 5: a fund? Does this sort of sinkus?

644
00:29:20,840 --> 00:29:20,959
Speaker 4: Well?

645
00:29:21,000 --> 00:29:23,040
Speaker 15: I think people already know that the cost of living

646
00:29:23,200 --> 00:29:27,040
Speaker 15: has been rising quite significantly. I mean a nice little.

647
00:29:26,760 --> 00:29:31,560
Speaker 16: Factoy dare inflation back inside the target range, but the

648
00:29:31,640 --> 00:29:34,160
Speaker 16: level of prices is more than twenty percent high than

649
00:29:34,160 --> 00:29:36,400
Speaker 16: it is the pandemic, so people know that they've got

650
00:29:36,520 --> 00:29:37,640
Speaker 16: less money in the back pocket.

651
00:29:37,720 --> 00:29:39,920
Speaker 15: There is their bank's kind of interested in. Do people

652
00:29:40,000 --> 00:29:42,080
Speaker 15: think that they need to get a bigger pay rise

653
00:29:42,160 --> 00:29:45,120
Speaker 15: and their inflation expectations going to rise? So far they

654
00:29:45,120 --> 00:29:46,320
Speaker 15: seem pre synguine about that.

655
00:29:47,360 --> 00:29:50,080
Speaker 1: Back tomorrow at six am the Mic Hosking Breakfast with

656
00:29:50,200 --> 00:29:53,120
Speaker 1: the Defendant News Talk ZB here, how does.

657
00:29:52,960 --> 00:29:55,280
Speaker 3: It square with labor values to take six to six

658
00:29:55,320 --> 00:29:57,320
Speaker 3: to eight hundred million dollars a year out of the

659
00:29:57,360 --> 00:30:00,560
Speaker 3: Consolidated Fund, which mostly spends on social outcomes, and then

660
00:30:00,600 --> 00:30:03,480
Speaker 3: instead spend it on commercial investments with vague hopes of

661
00:30:03,520 --> 00:30:06,240
Speaker 3: secondary social benefits occurring somehow, cam, I don't know who

662
00:30:06,240 --> 00:30:08,160
Speaker 3: knows we can even answer that question, but it's a

663
00:30:08,160 --> 00:30:10,720
Speaker 3: good question. Six away from five. So Maria men Or

664
00:30:10,760 --> 00:30:13,640
Speaker 3: Kappa KINGI has finally broken her silence on those allegations

665
00:30:13,640 --> 00:30:16,240
Speaker 3: that she overspent her budget and employed her son. So

666
00:30:16,240 --> 00:30:18,840
Speaker 3: she put out a statement today She says the budget

667
00:30:18,880 --> 00:30:21,560
Speaker 3: was never overspent. She says she had actually had her

668
00:30:21,600 --> 00:30:24,800
Speaker 3: budget adjusted because she was doing extra work. She was

669
00:30:25,280 --> 00:30:28,000
Speaker 3: already the party's whip, but she was also trying to

670
00:30:28,040 --> 00:30:30,880
Speaker 3: help tuku Tai tash Kemp, the late Tukutai tash Kemp,

671
00:30:30,960 --> 00:30:33,400
Speaker 3: who of course died of kidney disease. She had to

672
00:30:33,440 --> 00:30:36,360
Speaker 3: try and help her out with her electric work, so

673
00:30:36,440 --> 00:30:38,960
Speaker 3: her own budget was adjusted to be able to deal

674
00:30:39,000 --> 00:30:41,840
Speaker 3: with that. The party, she says, encouraged it. She says,

675
00:30:41,880 --> 00:30:44,040
Speaker 3: the leadership approved the payment of the first trant of

676
00:30:44,080 --> 00:30:48,120
Speaker 3: the work, indicating the arrangements were suitable and sufficient. Payment

677
00:30:48,160 --> 00:30:50,640
Speaker 3: happened without any contest or alarm. I continued with the

678
00:30:50,640 --> 00:30:54,000
Speaker 3: same arrangements. Fortunately, the Speaker of the House, Jerry Brownlee,

679
00:30:54,000 --> 00:30:56,280
Speaker 3: who has the last say on all budgetary matters, approved

680
00:30:56,280 --> 00:30:58,719
Speaker 3: my budget adjustments and confirmed no rules have been breached.

681
00:30:59,040 --> 00:31:01,120
Speaker 3: The leaders were well away of this extra work and

682
00:31:01,200 --> 00:31:03,640
Speaker 3: the approval made by the Speaker. I remain unsure why

683
00:31:03,640 --> 00:31:07,239
Speaker 3: this budget reallocation was shared publicly without the context it

684
00:31:07,280 --> 00:31:09,000
Speaker 3: was made in. So if you looked at that like

685
00:31:09,080 --> 00:31:11,960
Speaker 3: I did, and you thought, oh, that looks like something

686
00:31:11,960 --> 00:31:14,600
Speaker 3: of a smear campaign by John Palmerherdy and everybody in

687
00:31:14,640 --> 00:31:17,320
Speaker 3: the Marty Party, well she's sort of suggesting that that's

688
00:31:17,400 --> 00:31:20,320
Speaker 3: exactly what it was. She'd done nothing wrong, she says. Anyway,

689
00:31:20,400 --> 00:31:22,920
Speaker 3: as she says, I want to make say this clearly,

690
00:31:23,000 --> 00:31:25,040
Speaker 3: I am here. I'm still your MP. So she's not

691
00:31:25,120 --> 00:31:28,200
Speaker 3: going anywhere. So yeah, this is going to come to

692
00:31:28,240 --> 00:31:30,280
Speaker 3: a head in some way at some stage, because you

693
00:31:30,360 --> 00:31:33,200
Speaker 3: can't be as the Marti party leadership going out there

694
00:31:33,360 --> 00:31:35,920
Speaker 3: doing a hit job on your MP and then her

695
00:31:36,040 --> 00:31:38,640
Speaker 3: just hanging around. You know, you can't have her in

696
00:31:38,680 --> 00:31:40,400
Speaker 3: your party if you've done that. So let's see what

697
00:31:40,440 --> 00:31:43,960
Speaker 3: happens there. Listen. One of the allegations to come out

698
00:31:43,960 --> 00:31:46,280
Speaker 3: of Virginia Deuphrase memoir, and I'm telling you this because

699
00:31:46,280 --> 00:31:49,719
Speaker 3: we're going to talk to Victoria Arbiter, the Royal Commentator

700
00:31:49,760 --> 00:31:51,800
Speaker 3: after half past five. One of the allegations to come

701
00:31:51,800 --> 00:31:54,479
Speaker 3: out of the memoir is that she claims she had

702
00:31:54,480 --> 00:31:57,520
Speaker 3: a miscarriage four days after she had an orgy with

703
00:31:57,600 --> 00:32:00,680
Speaker 3: Prince Andrew and eight other women that none of the

704
00:32:00,720 --> 00:32:02,840
Speaker 3: other women were able to speak English, had happened at

705
00:32:02,880 --> 00:32:05,840
Speaker 3: Epstein's Caribbean island, Little Saint James. She woke up the

706
00:32:05,880 --> 00:32:08,160
Speaker 3: next morning in a pool of blood. Anyway, that's the

707
00:32:08,240 --> 00:32:09,840
Speaker 3: kind of look I mean that is about. That is

708
00:32:09,840 --> 00:32:11,400
Speaker 3: about as graphic as we're going to get on the show,

709
00:32:11,440 --> 00:32:15,200
Speaker 3: so apologies for that as well. But this stuff is

710
00:32:15,280 --> 00:32:18,000
Speaker 3: quite graphic and there's a lot more coming out about

711
00:32:18,000 --> 00:32:20,680
Speaker 3: Prince Andrew, so as you can see it, you know,

712
00:32:21,080 --> 00:32:23,080
Speaker 3: any hopes that they might have been able to stem

713
00:32:23,120 --> 00:32:25,959
Speaker 3: it somewhat with you know, him promising he's not going

714
00:32:26,000 --> 00:32:27,160
Speaker 3: to be able to do he's not going to use

715
00:32:27,200 --> 00:32:30,640
Speaker 3: his titles anymore, is probably hopeful. So she's with us

716
00:32:30,680 --> 00:32:33,440
Speaker 3: after half past five. Jared Kerr, the chief economist of

717
00:32:33,480 --> 00:32:36,480
Speaker 3: Kiwi Bankers with us next on the inflation. Just ask

718
00:32:36,520 --> 00:32:40,880
Speaker 3: you a question quickly, Okay, do you want to it's

719
00:32:41,000 --> 00:32:43,680
Speaker 3: so weird. Do you want a blueberry the size of

720
00:32:43,680 --> 00:32:47,120
Speaker 3: a ping pong? Because we are growing blueberries the size

721
00:32:47,120 --> 00:32:50,000
Speaker 3: of ping pong's up in Kitty Kitty and also in Waikator.

722
00:32:50,200 --> 00:32:52,400
Speaker 3: It's genetically modified to be able to be that big

723
00:32:52,440 --> 00:32:54,120
Speaker 3: and they're going to be on the market late next year.

724
00:32:54,120 --> 00:32:55,680
Speaker 3: But I'm not really sure. I looked at that a

725
00:32:55,680 --> 00:32:57,800
Speaker 3: little with this novel. But what are you going to

726
00:32:57,880 --> 00:33:01,680
Speaker 3: do with it? Because that's a massive blueberry when you

727
00:33:01,720 --> 00:33:03,640
Speaker 3: think about it, I mean, it's not like you're going

728
00:33:03,720 --> 00:33:06,880
Speaker 3: to sprinkle a lot of those giant blueberries on your granola. Yeah,

729
00:33:07,160 --> 00:33:09,480
Speaker 3: so I'm guessing that what are we headed towards? Like

730
00:33:10,120 --> 00:33:13,040
Speaker 3: you take your you take your apple, you take your mandarin,

731
00:33:13,080 --> 00:33:15,400
Speaker 3: and you take your giant blueberry like it's a self

732
00:33:15,440 --> 00:33:17,800
Speaker 3: contained snack now, and you put on your desk at work,

733
00:33:18,240 --> 00:33:19,680
Speaker 3: And would it even if it's that big, would it

734
00:33:19,720 --> 00:33:21,440
Speaker 3: even taste that nice? Do you even want this in

735
00:33:21,480 --> 00:33:23,640
Speaker 3: your life? I'm not sure that I do anyway.

736
00:33:24,000 --> 00:33:35,080
Speaker 1: Inflation next day, pressing the newsmakers to get the real story.

737
00:33:35,240 --> 00:33:38,680
Speaker 1: It's Heather dupicl and drive with one New Zealand to

738
00:33:38,760 --> 00:33:41,520
Speaker 1: coverage like no one else news talks it be.

739
00:33:43,120 --> 00:33:46,200
Speaker 3: Afternoon. Inflation has come into that three percent, which puts

740
00:33:46,240 --> 00:33:48,800
Speaker 3: inflation at the very top of the Reserve Bank's target range.

741
00:33:48,840 --> 00:33:51,720
Speaker 3: It was driven by council rates up nearly nine percent

742
00:33:51,760 --> 00:33:54,360
Speaker 3: and power prices up more than eleven percent. Jared Kerr

743
00:33:54,400 --> 00:33:57,880
Speaker 3: is KIWI Bank's chief economist and with us Hi jarreed Hi,

744
00:33:58,240 --> 00:34:01,200
Speaker 3: are you worried about this or jerikination falls away from here?

745
00:34:01,960 --> 00:34:05,480
Speaker 17: No, we think this is the peak. It's a pretty

746
00:34:05,520 --> 00:34:08,560
Speaker 17: tough quarter the third quarter, but things tend to ease

747
00:34:08,600 --> 00:34:11,440
Speaker 17: off in the fourth quarter, so we had a bit

748
00:34:11,480 --> 00:34:14,680
Speaker 17: of a spike in food electricity council rates, you know

749
00:34:14,760 --> 00:34:19,960
Speaker 17: that sort of unwinds from here and scratching beneath the surface.

750
00:34:20,040 --> 00:34:24,400
Speaker 17: We're quite satisfied that domestic prices are heading in the

751
00:34:24,480 --> 00:34:27,560
Speaker 17: right direction. Not much we can do with the international prices.

752
00:34:27,760 --> 00:34:29,399
Speaker 3: Where do you see it going? I mean I read

753
00:34:29,400 --> 00:34:32,080
Speaker 3: somewhere that it might even vote fall below two percent

754
00:34:32,120 --> 00:34:33,000
Speaker 3: next year. Do you think that?

755
00:34:34,040 --> 00:34:37,040
Speaker 17: Yeah, that's our forecast. We think inflation this time next

756
00:34:37,120 --> 00:34:39,719
Speaker 17: year we'll be running at about one point seven to

757
00:34:39,760 --> 00:34:43,280
Speaker 17: one point eight. So job done for the Reserve Bank.

758
00:34:43,960 --> 00:34:49,120
Speaker 17: The Reserve Bank really has employed a scorched earth policy

759
00:34:49,160 --> 00:34:54,319
Speaker 17: here with domestic prices coming off quite quickly and likely

760
00:34:54,400 --> 00:34:56,080
Speaker 17: to fall over next year.

761
00:34:56,680 --> 00:34:58,600
Speaker 3: So what are you going for another cut in November

762
00:34:58,640 --> 00:34:59,760
Speaker 3: twenty five basis points?

763
00:35:00,560 --> 00:35:02,359
Speaker 17: Yeah, I think that's done and dust it. I think

764
00:35:02,400 --> 00:35:04,880
Speaker 17: we can almost talk about that in the past tense.

765
00:35:04,920 --> 00:35:08,520
Speaker 17: It's what they do from there. If the economy does

766
00:35:08,560 --> 00:35:13,520
Speaker 17: not show signs of recovering over summer, then I think

767
00:35:13,600 --> 00:35:16,680
Speaker 17: the new Arvinz government will be more than willing to

768
00:35:17,320 --> 00:35:19,719
Speaker 17: drop it to two percent. But we're getting close to

769
00:35:19,719 --> 00:35:22,560
Speaker 17: that bottom, which is the key message for business owners,

770
00:35:23,560 --> 00:35:26,000
Speaker 17: and we are looking to next year with some optimism.

771
00:35:26,520 --> 00:35:27,799
Speaker 3: Jared, it's good to talk to you. Thank you mate.

772
00:35:27,840 --> 00:35:31,520
Speaker 3: That's Jared Kirkiewe Banks chief economist Heather do for Sea

773
00:35:31,560 --> 00:35:35,200
Speaker 3: Elis Labor Party has announced its first major policy ahead

774
00:35:35,200 --> 00:35:37,440
Speaker 3: of next year's election. It's a Future Fund. The Future

775
00:35:37,440 --> 00:35:40,160
Speaker 3: Fund will use capital from some crown assets to invest

776
00:35:40,200 --> 00:35:43,439
Speaker 3: in Kiwi businesses and infrastructure projects. And the Labor Party

777
00:35:43,560 --> 00:35:46,360
Speaker 3: leader Chris Hopkins is with us now hip can I

778
00:35:46,680 --> 00:35:48,080
Speaker 3: what's the actual goal of this fund?

779
00:35:49,160 --> 00:35:51,759
Speaker 13: We want to back New Zealand businesses and invest in

780
00:35:51,800 --> 00:35:53,960
Speaker 13: New Zealand. We need to see more of our wealth

781
00:35:53,960 --> 00:35:57,160
Speaker 13: being invested back here in New Zealand rather than flowing overseats.

782
00:35:57,840 --> 00:36:00,880
Speaker 13: So by using some of our existing public assets are

783
00:36:00,880 --> 00:36:04,120
Speaker 13: resisting state assets, putting them into a future fund, using

784
00:36:04,120 --> 00:36:07,240
Speaker 13: the returns from them to reinvest in growing New Zealand businesses,

785
00:36:07,239 --> 00:36:09,839
Speaker 13: we can create jobs and keep more wealth here at home.

786
00:36:09,920 --> 00:36:12,120
Speaker 3: Okay, So this fund is not able to invest in

787
00:36:12,160 --> 00:36:14,760
Speaker 3: overseas businesses, is it, No, We've.

788
00:36:14,560 --> 00:36:16,799
Speaker 13: Got the New Zealand Superannuation Fund that can do that.

789
00:36:16,880 --> 00:36:19,360
Speaker 13: So this will be complementary to the New Zealand Superfund.

790
00:36:19,440 --> 00:36:22,319
Speaker 13: But in terms of our sovereign wealth investment abroad. They

791
00:36:22,360 --> 00:36:24,759
Speaker 13: will continue to be managed by the New Zealand Superfund.

792
00:36:24,840 --> 00:36:27,120
Speaker 3: Right, you're putting in two hundred million dollars in cash,

793
00:36:27,239 --> 00:36:28,600
Speaker 3: are you also putting in assets?

794
00:36:29,680 --> 00:36:31,880
Speaker 13: That's right. So we're not being specific right now on

795
00:36:31,920 --> 00:36:35,480
Speaker 13: which companies, which existing our companies would go in because

796
00:36:35,719 --> 00:36:38,000
Speaker 13: there are market disclosure issues and so on some of

797
00:36:38,000 --> 00:36:41,719
Speaker 13: those partially publicly listed companies. But we've set all of

798
00:36:41,760 --> 00:36:42,640
Speaker 13: that out in government.

799
00:36:43,000 --> 00:36:45,400
Speaker 3: I mean, isn't the mere fact that you've mentioned that

800
00:36:45,760 --> 00:36:47,640
Speaker 3: likely to have a market impact because there are only

801
00:36:47,640 --> 00:36:49,000
Speaker 3: so many that are partially listed.

802
00:36:50,120 --> 00:36:52,480
Speaker 13: Well, it's almost impossible to announce something like this without

803
00:36:53,280 --> 00:36:55,560
Speaker 13: giving or giving some information. But we're not going to

804
00:36:55,600 --> 00:36:58,720
Speaker 13: go and identify which specific companies we're talking about.

805
00:36:58,880 --> 00:37:01,319
Speaker 3: Is the fund able to if it looks at let's

806
00:37:01,320 --> 00:37:03,759
Speaker 3: say one of the crown owned companies and thinks this

807
00:37:03,880 --> 00:37:06,319
Speaker 3: is not really actually a good investment, it's not performing well,

808
00:37:06,360 --> 00:37:07,439
Speaker 3: is it able to sell it down?

809
00:37:08,760 --> 00:37:10,799
Speaker 13: The companies that we'll be putting in there as the

810
00:37:10,840 --> 00:37:13,360
Speaker 13: seed funding will not be able to be sold, but

811
00:37:13,400 --> 00:37:16,560
Speaker 13: the companies that the fund invests in will be able

812
00:37:16,560 --> 00:37:18,800
Speaker 13: to be They will be able to buy and sell those.

813
00:37:18,960 --> 00:37:21,000
Speaker 3: Why can it what are these companies that we put

814
00:37:21,040 --> 00:37:23,560
Speaker 3: in as the seed funding are just crappy companies? By contrast,

815
00:37:23,560 --> 00:37:25,080
Speaker 3: why can't they sell them?

816
00:37:25,520 --> 00:37:27,640
Speaker 13: Well, we want to have We're focused on a long

817
00:37:27,719 --> 00:37:30,520
Speaker 13: term investment. So we own all of those existing public

818
00:37:30,600 --> 00:37:35,080
Speaker 13: assets for a reason. And they're often reasons that are overlooked,

819
00:37:35,280 --> 00:37:38,799
Speaker 13: but they're often have you know, quite sometimes we just ownry.

820
00:37:38,800 --> 00:37:42,200
Speaker 3: We've always owned them, chippy, we don't need to own them.

821
00:37:42,760 --> 00:37:44,759
Speaker 13: I disagree herether I mean if you actually go and

822
00:37:44,800 --> 00:37:47,239
Speaker 13: look at the purpose of what's left being you know,

823
00:37:47,280 --> 00:37:48,880
Speaker 13: there were there were that was an argument that might

824
00:37:48,920 --> 00:37:51,000
Speaker 13: have applied previously, But most of the stuff where there

825
00:37:51,000 --> 00:37:53,680
Speaker 13: wasn't a good case for crown ownership's now already been sold.

826
00:37:53,960 --> 00:37:57,319
Speaker 13: What's left is normally a public interest in still owning it.

827
00:37:57,760 --> 00:38:00,680
Speaker 3: Okay, So if you take six hundred thousand dollars six

828
00:38:00,800 --> 00:38:04,640
Speaker 3: hundred million dollars sorry annually in our crown asset dividends

829
00:38:04,800 --> 00:38:06,719
Speaker 3: to put into this fund, doesn't that mean that the

830
00:38:06,719 --> 00:38:09,279
Speaker 3: government has six hundred million dollars less to spend on

831
00:38:09,280 --> 00:38:10,080
Speaker 3: health and education.

832
00:38:11,160 --> 00:38:14,200
Speaker 13: We'll set out a fiscal plan before the elections.

833
00:38:13,880 --> 00:38:15,160
Speaker 3: So you're going to have to you will have to

834
00:38:15,200 --> 00:38:17,160
Speaker 3: find some other way to replace that money, won't.

835
00:38:16,920 --> 00:38:20,640
Speaker 13: You what will well show you know what we're envisaging

836
00:38:20,880 --> 00:38:24,319
Speaker 13: in terms of dividend diversion into that fund versus are

837
00:38:24,360 --> 00:38:27,120
Speaker 13: still coming to the crown, and then we'll be clear

838
00:38:27,120 --> 00:38:29,359
Speaker 13: how we balance the budget. So the fiscal plan will

839
00:38:29,360 --> 00:38:30,800
Speaker 13: show how we will balance the governments.

840
00:38:30,840 --> 00:38:32,680
Speaker 3: But that's going to mean extra tax, isn't it.

841
00:38:33,960 --> 00:38:36,400
Speaker 13: There's a number of choices. We have different choices to

842
00:38:36,480 --> 00:38:38,640
Speaker 13: what the current government would make in terms of a

843
00:38:38,960 --> 00:38:41,560
Speaker 13: spending you know, we'll have different spending choices to them.

844
00:38:41,800 --> 00:38:44,000
Speaker 3: You will spend less than a national part of government.

845
00:38:44,120 --> 00:38:47,000
Speaker 3: So the only possibility is that you you raise more tax.

846
00:38:47,840 --> 00:38:49,839
Speaker 13: Well, you know, we'll set out our tax policy soon

847
00:38:50,160 --> 00:38:52,400
Speaker 13: that that's on the way. But what I'm saying is

848
00:38:52,400 --> 00:38:55,759
Speaker 13: we will make different choices of it. They remember this

849
00:38:55,800 --> 00:38:57,480
Speaker 13: is the government that said they weren't going to borrow

850
00:38:57,520 --> 00:38:59,640
Speaker 13: for tax cuts and is now borrowing almost the entire

851
00:38:59,680 --> 00:39:00,799
Speaker 13: amount of the text cuts.

852
00:39:00,920 --> 00:39:03,160
Speaker 3: Now, is this an idea that you just nicked straight

853
00:39:03,160 --> 00:39:05,520
Speaker 3: from Winston Peter's working with Grant Robertson in the twenty

854
00:39:05,560 --> 00:39:07,000
Speaker 3: seventeen to twenty twenty government.

855
00:39:08,200 --> 00:39:10,640
Speaker 13: I mean it was something that Grant Robertson had started

856
00:39:10,640 --> 00:39:13,240
Speaker 13: to do some work on pre COVID that didn't progress

857
00:39:13,320 --> 00:39:15,520
Speaker 13: during COVID. But yes, with it's something we've been working

858
00:39:15,520 --> 00:39:16,160
Speaker 13: on for a while.

859
00:39:16,480 --> 00:39:19,120
Speaker 3: Okay, Chippy, thanks very much, appreciate it. Chris Hopkins' Labor

860
00:39:19,160 --> 00:39:20,040
Speaker 3: Party leader.

861
00:39:20,320 --> 00:39:21,160
Speaker 2: Heather do Pussy.

862
00:39:21,760 --> 00:39:24,799
Speaker 3: Here's the Prime Minister, Chris Luckxon on the teachers union

863
00:39:24,840 --> 00:39:26,760
Speaker 3: and the strike this Thursday in Palestine.

864
00:39:27,040 --> 00:39:28,920
Speaker 11: Well, I just think the unions are not serving their

865
00:39:28,960 --> 00:39:32,080
Speaker 11: members well by going straight to strike. You know, like, seriously,

866
00:39:32,640 --> 00:39:35,680
Speaker 11: what does a union wanting to talk about Palestine have

867
00:39:35,800 --> 00:39:38,239
Speaker 11: to do with educational outcomes for New Zealand kids?

868
00:39:38,560 --> 00:39:39,040
Speaker 7: Seriously?

869
00:39:39,280 --> 00:39:41,880
Speaker 11: I mean, I mean you must think that's completely insane, right.

870
00:39:43,040 --> 00:39:45,080
Speaker 3: Asking the press gallery if they think something like that

871
00:39:45,200 --> 00:39:47,880
Speaker 3: is completely insane, is just what's the point you know

872
00:39:47,920 --> 00:39:51,600
Speaker 3: that The answer is no, why is it not completely insane? Anyway,

873
00:39:51,760 --> 00:39:54,720
Speaker 3: we'll talk about that shortly. Jenna reckons, Actually the idea

874
00:39:54,760 --> 00:39:56,879
Speaker 3: of a gigantic blueberry the size of a ping pong

875
00:39:57,000 --> 00:39:59,640
Speaker 3: is wonderful. She says, it's like a plum with no stone,

876
00:40:00,000 --> 00:40:03,520
Speaker 3: so therefore it is the perfect fruit. Interesting could also

877
00:40:03,560 --> 00:40:06,480
Speaker 3: taste weird, though, because just because it's a super sized plum.

878
00:40:06,560 --> 00:40:08,640
Speaker 3: A blueberry does not mean it's going to taste sweet

879
00:40:08,680 --> 00:40:11,800
Speaker 3: and tangy. Little blueberries will taste better than a giant blueberry.

880
00:40:11,840 --> 00:40:13,839
Speaker 3: If you think about this, I think it through. Think

881
00:40:13,880 --> 00:40:16,200
Speaker 3: it through. It's going to be a watery version, isn't it?

882
00:40:16,239 --> 00:40:18,840
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883
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884
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885
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886
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887
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888
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889
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890
00:40:38,880 --> 00:40:41,520
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891
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892
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893
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895
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896
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899
00:41:03,800 --> 00:41:07,040
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900
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901
00:41:08,560 --> 00:41:09,799
Speaker 2: Heather Dup c Ellen.

902
00:41:10,160 --> 00:41:11,960
Speaker 3: The reason why there is a lack of investment in

903
00:41:12,000 --> 00:41:14,920
Speaker 3: New Zealand is because growth is stagnant and offshore investments

904
00:41:14,960 --> 00:41:17,560
Speaker 3: are providing good returns. Chippy is wanting to invest in

905
00:41:17,600 --> 00:41:21,560
Speaker 3: a dead duck. James Fairpoint, seventeen past five. Now New

906
00:41:21,640 --> 00:41:24,600
Speaker 3: Zealand is getting its first dedicated sports school. It's going

907
00:41:24,640 --> 00:41:26,240
Speaker 3: to be in a upper hut. It's a charter school.

908
00:41:26,239 --> 00:41:28,400
Speaker 3: It's going to open its doors to years eleven to

909
00:41:28,440 --> 00:41:31,200
Speaker 3: thirteen students in January and they're going to focus on

910
00:41:31,280 --> 00:41:34,239
Speaker 3: elite sports training as well as the books. First it's

911
00:41:34,280 --> 00:41:37,000
Speaker 3: offering football and rugby, but then other sports in the future.

912
00:41:37,000 --> 00:41:40,480
Speaker 3: Hopefully the Wellington Phoenix Football Academy are involved in. Wellington

913
00:41:40,520 --> 00:41:42,440
Speaker 3: Phoenix General manager David domes with us.

914
00:41:42,440 --> 00:41:44,640
Speaker 18: Hey, David Good that's known, Heather.

915
00:41:45,160 --> 00:41:46,919
Speaker 3: Why did you guys decide to get involved here?

916
00:41:48,560 --> 00:41:51,160
Speaker 18: Well, we were asked by our board, the Phoenix Board,

917
00:41:51,440 --> 00:41:53,319
Speaker 18: maybe five six years ago to say, look how can

918
00:41:53,360 --> 00:41:55,640
Speaker 18: we take the academy our very successful coming to the

919
00:41:55,640 --> 00:41:56,799
Speaker 18: next step, What do we need to do?

920
00:41:56,840 --> 00:41:58,200
Speaker 2: What can we do to make it better? Make it

921
00:41:58,239 --> 00:41:58,960
Speaker 2: more successful?

922
00:42:01,600 --> 00:42:03,239
Speaker 7: Are you still there things in the United State?

923
00:42:03,480 --> 00:42:04,160
Speaker 17: Can you hear me? Oh?

924
00:42:04,239 --> 00:42:05,680
Speaker 3: You sorry? We just lost your carry on.

925
00:42:06,680 --> 00:42:08,600
Speaker 18: I'm just saying. So when we were asked by the

926
00:42:08,600 --> 00:42:10,680
Speaker 18: board this is the Phoenix Board, to examine how it

927
00:42:10,680 --> 00:42:12,960
Speaker 18: can make our academy even more successful than it is.

928
00:42:13,040 --> 00:42:14,960
Speaker 18: And we did a bit of research around the world,

929
00:42:15,440 --> 00:42:16,960
Speaker 18: looked how the Americans did it, how they did it

930
00:42:17,000 --> 00:42:19,399
Speaker 18: in Europe and Spain and Italy, and it was really

931
00:42:19,400 --> 00:42:22,399
Speaker 18: combining education in sports, and so it was very hard

932
00:42:22,400 --> 00:42:23,799
Speaker 18: for us to do that at the time, given that

933
00:42:23,840 --> 00:42:26,160
Speaker 18: there was only the state school alternative, which we couldn't

934
00:42:26,200 --> 00:42:28,439
Speaker 18: really be a part of. But now with charter charter

935
00:42:28,480 --> 00:42:31,120
Speaker 18: schools and the initiatives that have come in, there perfect opportunity.

936
00:42:31,120 --> 00:42:32,080
Speaker 18: And then we jumped at it.

937
00:42:32,080 --> 00:42:33,719
Speaker 3: Does it make a difference like that if you set

938
00:42:33,760 --> 00:42:36,319
Speaker 3: up something like this, do you actually get much better

939
00:42:36,360 --> 00:42:37,520
Speaker 3: footballers as a result.

940
00:42:38,640 --> 00:42:40,279
Speaker 18: Well, what you do is you get to integrate their

941
00:42:40,360 --> 00:42:43,640
Speaker 18: education and their training. So what we're finding at the

942
00:42:43,640 --> 00:42:45,600
Speaker 18: moment the academy, we've got kids training at six o'clock

943
00:42:45,600 --> 00:42:47,239
Speaker 18: in the morning, We've got kids training at seven eight

944
00:42:47,280 --> 00:42:49,880
Speaker 18: o'clock at night. That's not ideal for physiology. But the

945
00:42:49,920 --> 00:42:52,520
Speaker 18: second component, which is probably more important, is that the

946
00:42:52,600 --> 00:42:55,560
Speaker 18: kids will be you know, we'll be integrating sport into

947
00:42:55,600 --> 00:42:57,640
Speaker 18: the education, so it should keep them more engaged. It

948
00:42:57,640 --> 00:43:00,239
Speaker 18: should keep them more interested in the education, and that

949
00:43:00,760 --> 00:43:03,200
Speaker 18: tune out not only better sports people at the other end,

950
00:43:03,239 --> 00:43:05,479
Speaker 18: but also better educated academics as well.

951
00:43:05,520 --> 00:43:06,799
Speaker 3: So how do you split the day.

952
00:43:08,280 --> 00:43:10,480
Speaker 18: Well, in the days, it's pretty much a normal school day,

953
00:43:10,520 --> 00:43:12,520
Speaker 18: it's well, you know, we're still being very clear that

954
00:43:12,560 --> 00:43:13,800
Speaker 18: it's going to be a quality education.

955
00:43:13,840 --> 00:43:14,840
Speaker 5: We're not going to skimp on that.

956
00:43:14,880 --> 00:43:16,719
Speaker 18: In the same way the academy doesn't skimp on the

957
00:43:16,719 --> 00:43:18,759
Speaker 18: training we do here, We're not going to skimp on

958
00:43:18,760 --> 00:43:20,480
Speaker 18: the education. It's going to be top quality. So it's

959
00:43:20,520 --> 00:43:23,240
Speaker 18: going to look pretty very similar. There will be modules

960
00:43:23,239 --> 00:43:24,880
Speaker 18: throughout the day where they'll go off and do their

961
00:43:24,920 --> 00:43:28,560
Speaker 18: own specific code training, whether that's football with us or rugby,

962
00:43:28,640 --> 00:43:30,640
Speaker 18: or cricket with Cricket Wellington or whoever we get we

963
00:43:31,000 --> 00:43:33,400
Speaker 18: partner with, whatever codes we take up, they will go

964
00:43:33,480 --> 00:43:34,640
Speaker 18: do some stuff during the day.

965
00:43:34,719 --> 00:43:35,960
Speaker 2: It probably at a better.

966
00:43:35,760 --> 00:43:37,959
Speaker 18: Time than than six o'clock in the morning at o'clock

967
00:43:38,000 --> 00:43:40,239
Speaker 18: at night. So all things being equal, I mean it

968
00:43:40,239 --> 00:43:42,279
Speaker 18: will look very, very similar, but it would just be

969
00:43:42,520 --> 00:43:44,919
Speaker 18: more tailored to a sports sports student.

970
00:43:44,960 --> 00:43:46,760
Speaker 3: You've got spaces available for next year.

971
00:43:47,440 --> 00:43:48,799
Speaker 18: Well, when you got one hundred, we've seen we're going

972
00:43:48,840 --> 00:43:50,279
Speaker 18: to cap ourselves are a one hundred. We don't want

973
00:43:50,280 --> 00:43:51,920
Speaker 18: to go any bigger than that because we want to

974
00:43:51,960 --> 00:43:54,520
Speaker 18: be able again. School class numbers are going to be

975
00:43:54,560 --> 00:43:56,440
Speaker 18: crucial for us to be success. We don't want to

976
00:43:56,440 --> 00:44:00,000
Speaker 18: be oversubscribed in the first year. We've already got eighteen

977
00:44:00,080 --> 00:44:02,319
Speaker 18: to twenty kids in our boarding house here at the

978
00:44:02,360 --> 00:44:04,880
Speaker 18: Academy at Wannington, Phoenix, so we're pretty sure they were

979
00:44:04,920 --> 00:44:06,920
Speaker 18: probably going to get the majority of those kids comeing across.

980
00:44:06,960 --> 00:44:09,239
Speaker 18: There's not that many spaces left, and ever since we

981
00:44:09,280 --> 00:44:11,560
Speaker 18: announced it this morning, we've already got about twenty applications

982
00:44:11,560 --> 00:44:13,839
Speaker 18: of students who want to join. So look, it's going

983
00:44:13,920 --> 00:44:15,720
Speaker 18: to be I think we'll be able to get good numbers.

984
00:44:16,040 --> 00:44:17,640
Speaker 18: We're not, like I said, we're not going to go huge,

985
00:44:17,640 --> 00:44:19,120
Speaker 18: but we'll get to our hundred.

986
00:44:19,160 --> 00:44:21,239
Speaker 3: I think brilliant. Hey, well done you, thanks very much.

987
00:44:21,320 --> 00:44:24,319
Speaker 3: David David Dome, Wellington Phoenix general manager. I bet there's

988
00:44:24,320 --> 00:44:25,719
Speaker 3: a few football kids I'd love to go to that,

989
00:44:26,040 --> 00:44:27,600
Speaker 3: all right. So, as I was telling you earlier, the

990
00:44:27,640 --> 00:44:30,399
Speaker 3: Prince Andrew thing has now started to rope Fergie into it.

991
00:44:30,719 --> 00:44:34,160
Speaker 3: An email has been leaked claiming that Sarah Ferguson took

992
00:44:34,160 --> 00:44:38,280
Speaker 3: the princesses, this is Beatrice and Eugenie to visit Jeffrey

993
00:44:38,280 --> 00:44:41,160
Speaker 3: Epstein in New York shortly after he was released from prison.

994
00:44:41,200 --> 00:44:43,600
Speaker 3: So the email is from Jeffrey Epstein to his UK

995
00:44:43,719 --> 00:44:47,240
Speaker 3: lawyer and he's grumpy about something she said on tally

996
00:44:47,560 --> 00:44:49,520
Speaker 3: and he says she was the first to celebrate my

997
00:44:49,640 --> 00:44:51,920
Speaker 3: release with her two daughters in tow and then he

998
00:44:51,960 --> 00:44:54,480
Speaker 3: goes on to explain that apparently she's been up with

999
00:44:54,480 --> 00:44:56,839
Speaker 3: There's other emails as well showing she was asking him

1000
00:44:56,880 --> 00:44:59,239
Speaker 3: for a little bit of money just to help her

1001
00:44:59,239 --> 00:45:01,799
Speaker 3: get through the small bills of around fifty two one

1002
00:45:01,880 --> 00:45:05,960
Speaker 3: hundred thousand dollars and when he said no, she pressured him. So, yeah,

1003
00:45:06,000 --> 00:45:09,080
Speaker 3: this is big trouble for Andrew. Victoria Arbeter, Royal commentator

1004
00:45:09,120 --> 00:45:10,640
Speaker 3: is going to be with us in fifteen minutes time

1005
00:45:10,640 --> 00:45:12,920
Speaker 3: on whether actually he might have he might be in

1006
00:45:12,920 --> 00:45:14,919
Speaker 3: line for a little bit more punishment than he's already got.

1007
00:45:15,120 --> 00:45:17,399
Speaker 3: Five to twenty one.

1008
00:45:16,880 --> 00:45:20,480
Speaker 2: The day's newspakers talked to Heather First, Heather du for.

1009
00:45:20,560 --> 00:45:23,680
Speaker 1: Cellen Drive with One New Zealand had the power of

1010
00:45:23,840 --> 00:45:25,720
Speaker 1: satellite mobile news talk.

1011
00:45:25,600 --> 00:45:28,880
Speaker 3: Send me five twenty four listen. I don't know about you,

1012
00:45:28,960 --> 00:45:32,000
Speaker 3: but the PPTA has completely lost any residual sympathy I

1013
00:45:32,040 --> 00:45:34,640
Speaker 3: may have had for this Thursday teacher strike with the

1014
00:45:34,680 --> 00:45:36,840
Speaker 3: revelation that they wanted to talk to the Education Minister

1015
00:45:36,880 --> 00:45:40,759
Speaker 3: about Palestine. Apparently Palestine was the first item on the

1016
00:45:40,760 --> 00:45:43,320
Speaker 3: agenda for the PPTA for their meeting with the Education

1017
00:45:43,440 --> 00:45:47,040
Speaker 3: Minister in early October. Early October, which is what less

1018
00:45:47,040 --> 00:45:47,960
Speaker 3: than three weeks ago.

1019
00:45:48,360 --> 00:45:48,560
Speaker 17: Now.

1020
00:45:48,600 --> 00:45:52,200
Speaker 3: The PPTA is not denying this. They say they did

1021
00:45:52,280 --> 00:45:54,080
Speaker 3: want to raise it with the minister because they have

1022
00:45:54,160 --> 00:45:58,120
Speaker 3: concerns about children in Gaza experiencing disruption to their education,

1023
00:45:58,640 --> 00:46:01,000
Speaker 3: which I don't know if you felt the same as

1024
00:46:01,040 --> 00:46:03,480
Speaker 3: I did, but I thought that's highly ironic, given that

1025
00:46:03,600 --> 00:46:06,680
Speaker 3: the PPTA are the ones deliberately disrupting the education of

1026
00:46:06,719 --> 00:46:09,640
Speaker 3: the actual students in New Zealand that they are responsible

1027
00:46:09,640 --> 00:46:12,720
Speaker 3: for teaching by striking this upcoming Thursday, and by refusing

1028
00:46:12,719 --> 00:46:16,360
Speaker 3: to do their professional development in the school holidays instead

1029
00:46:16,360 --> 00:46:19,480
Speaker 3: of during term time on teacher only days. Now, also,

1030
00:46:19,600 --> 00:46:21,520
Speaker 3: what did they actually think was going to come from

1031
00:46:21,560 --> 00:46:23,319
Speaker 3: that meeting? I mean, what did they think they were

1032
00:46:23,320 --> 00:46:25,680
Speaker 3: going to convince Erica Stanford to do. Do they think

1033
00:46:25,719 --> 00:46:27,200
Speaker 3: she was going to pick up the phone to Hamas

1034
00:46:27,400 --> 00:46:29,719
Speaker 3: and tell Himas to open some schools because the PPTA

1035
00:46:29,800 --> 00:46:32,359
Speaker 3: in New Zealand are worried. Do they think that she's

1036
00:46:32,360 --> 00:46:35,239
Speaker 3: going to negotiate with the IDF as Safe Zone Free

1037
00:46:35,239 --> 00:46:38,000
Speaker 3: from Missile Strikes for schools to operate in Gaza? Of

1038
00:46:38,000 --> 00:46:40,920
Speaker 3: course not, which means all this ever was, was just

1039
00:46:41,120 --> 00:46:44,760
Speaker 3: politics and distraction. Now I feel sorry for the teachers

1040
00:46:44,760 --> 00:46:48,040
Speaker 3: here because their actual request is not unreasonable, which is

1041
00:46:48,040 --> 00:46:50,520
Speaker 3: that they want pay rises in line with inflation, which

1042
00:46:50,520 --> 00:46:52,400
Speaker 3: we all do. But we're not all going to get it,

1043
00:46:52,440 --> 00:46:55,960
Speaker 3: are we, because you know the economy. But asking for

1044
00:46:56,000 --> 00:46:58,279
Speaker 3: it is not unreasonable. But because of the games that

1045
00:46:58,320 --> 00:47:00,879
Speaker 3: their union is playing, teachers of laws the room. In fact,

1046
00:47:01,000 --> 00:47:03,319
Speaker 3: I suspect that teachers lost the room a long time ago,

1047
00:47:03,440 --> 00:47:05,400
Speaker 3: this has just made it worse. This is the government,

1048
00:47:05,440 --> 00:47:08,040
Speaker 3: by the way, absolutely fighting fire with fire, and this

1049
00:47:08,080 --> 00:47:10,240
Speaker 3: one has got epper cut through. They know they've landed

1050
00:47:10,280 --> 00:47:10,760
Speaker 3: on a goodie.

1051
00:47:10,760 --> 00:47:10,880
Speaker 5: Hear.

1052
00:47:11,160 --> 00:47:14,279
Speaker 3: You go on Google, you type in PPTA and the

1053
00:47:14,360 --> 00:47:18,319
Speaker 3: fifth most popular auto film is PPTA Palestine, which shows

1054
00:47:18,320 --> 00:47:20,000
Speaker 3: how many people are looking this up on Google at

1055
00:47:20,000 --> 00:47:22,480
Speaker 3: the moment. This Palestine stunt, I suspect has put in

1056
00:47:22,560 --> 00:47:26,000
Speaker 3: sharp relief exactly how much this is really about politics

1057
00:47:26,160 --> 00:47:29,439
Speaker 3: and how little this is actually about paying conditions. Hever,

1058
00:47:29,640 --> 00:47:32,160
Speaker 3: do you think the teachers want to get the pay

1059
00:47:32,200 --> 00:47:37,480
Speaker 3: negotiation done before they go on eight weeks holiday. I

1060
00:47:37,480 --> 00:47:40,600
Speaker 3: don't know. I don't know. I've stopped think, I've stopped.

1061
00:47:40,600 --> 00:47:43,400
Speaker 3: I've stopped being on the same wavelength as teachers who

1062
00:47:43,480 --> 00:47:47,240
Speaker 3: are who are going along with this union strike. Now, Heather,

1063
00:47:47,640 --> 00:47:49,759
Speaker 3: the thing about a giant blueberry is you have to

1064
00:47:49,840 --> 00:47:52,520
Speaker 3: chop it up. One of the pleasures of a small

1065
00:47:52,840 --> 00:47:55,160
Speaker 3: blueberry is the way that pop when you bite into it,

1066
00:47:55,200 --> 00:47:58,000
Speaker 3: which is which is something that the German has also

1067
00:47:58,040 --> 00:48:00,640
Speaker 3: been expressing to me just then. And you're always popping

1068
00:48:00,640 --> 00:48:02,880
Speaker 3: it in and just having that little grip of the blueberry.

1069
00:48:03,160 --> 00:48:05,960
Speaker 3: I look, I'm going to just say this, All this

1070
00:48:06,040 --> 00:48:08,080
Speaker 3: comes down to his admin. This is an ADMIN problem

1071
00:48:08,080 --> 00:48:09,680
Speaker 3: with the blueberries, don't you think, Because at the moment,

1072
00:48:09,760 --> 00:48:11,879
Speaker 3: I mean, I feel bad for the blueberry pickers because

1073
00:48:11,880 --> 00:48:14,000
Speaker 3: that feels like a tough job. But when I buy

1074
00:48:14,040 --> 00:48:16,160
Speaker 3: it from the supermarket, it's in a punnet. It's just

1075
00:48:16,160 --> 00:48:18,400
Speaker 3: a little punnet and it's ADMIN free for me. But

1076
00:48:18,440 --> 00:48:20,480
Speaker 3: you can bet a giant blueberry. Now I've got admin,

1077
00:48:20,600 --> 00:48:22,799
Speaker 3: haven't I. So I've got two choices. Am either going

1078
00:48:22,880 --> 00:48:25,840
Speaker 3: to cut it, which is ADMIN, or I'm going to

1079
00:48:25,920 --> 00:48:27,919
Speaker 3: bite it and then it's going to squirt all over

1080
00:48:27,960 --> 00:48:29,520
Speaker 3: the show. And then I'm gonna have blueberry on my

1081
00:48:29,560 --> 00:48:31,920
Speaker 3: white T shirt and blueberry all over the Germans desk

1082
00:48:31,960 --> 00:48:35,160
Speaker 3: and blueberry on Ants's face, and then we've got there's

1083
00:48:35,200 --> 00:48:36,640
Speaker 3: a whole different level of admin.

1084
00:48:36,800 --> 00:48:38,200
Speaker 7: Blueberry that close to my face.

1085
00:48:38,440 --> 00:48:40,400
Speaker 3: God, I don't know, I've think at this point, I'm

1086
00:48:40,480 --> 00:48:43,840
Speaker 3: leaning over your desk, looking at your computer.

1087
00:48:43,880 --> 00:48:45,000
Speaker 7: Which has Laura's notes on it.

1088
00:48:45,040 --> 00:48:47,560
Speaker 3: For some reason, yeah, which never happens. I'm never that

1089
00:48:47,640 --> 00:48:49,759
Speaker 3: close to your personal space. But for some reason, when

1090
00:48:49,760 --> 00:48:52,680
Speaker 3: I'm biting this blueberry, blue berry, this is happening or

1091
00:48:53,000 --> 00:48:55,120
Speaker 3: the trajectory of that squirt is a long one as

1092
00:48:55,160 --> 00:48:56,760
Speaker 3: possible anyway, broils.

1093
00:48:56,840 --> 00:49:03,319
Speaker 1: Next you trumped to get the answers you need. It's

1094
00:49:03,400 --> 00:49:07,719
Speaker 1: Heather Duplicllen drive with one New Zealand coverage like no

1095
00:49:07,800 --> 00:49:09,320
Speaker 1: one else US talks.

1096
00:49:09,320 --> 00:49:12,080
Speaker 2: That'd be did you taking me.

1097
00:49:15,160 --> 00:49:15,279
Speaker 1: Right?

1098
00:49:15,320 --> 00:49:18,000
Speaker 3: We've got the heartle standing by Tricius and Josephaganni. This

1099
00:49:18,080 --> 00:49:21,560
Speaker 3: evening tell you what the BSA is a subject again

1100
00:49:21,600 --> 00:49:24,480
Speaker 3: today because apparently the Act Party is considering getting rid

1101
00:49:24,520 --> 00:49:26,600
Speaker 3: of the BSA. It is written to Paul Goldsmith of

1102
00:49:26,640 --> 00:49:30,920
Speaker 3: the National Party suggesting complete abolition. We'll talk to Chris Bishop,

1103
00:49:30,920 --> 00:49:32,640
Speaker 3: who's in for Nikola will As. He's with us after

1104
00:49:32,680 --> 00:49:35,439
Speaker 3: six o'clock right now it is twenty four away from six.

1105
00:49:35,680 --> 00:49:37,759
Speaker 3: Now let's talk about Prince Andrew because the bad news

1106
00:49:37,800 --> 00:49:40,920
Speaker 3: about this chap just keeps coming. Overnight, the UK Police

1107
00:49:40,920 --> 00:49:44,359
Speaker 3: announced they're looking into allegations that Prince Andrew hit up

1108
00:49:44,360 --> 00:49:47,800
Speaker 3: his met bodyguard to dig up dirt on Virginia Jufrey,

1109
00:49:47,880 --> 00:49:50,800
Speaker 3: his accuser. In just a day earlier, Prince Andrew announced

1110
00:49:50,800 --> 00:49:53,080
Speaker 3: he would no longer use his royal titles, including the

1111
00:49:53,120 --> 00:49:56,480
Speaker 3: Duke of York. Now, royal commentator Victoria Arbiter is with

1112
00:49:56,560 --> 00:50:00,759
Speaker 3: us on this Hi Victoria, good afternoon, Heather, Obviously, what's

1113
00:50:00,800 --> 00:50:03,839
Speaker 3: happened here is Andrew has only promised to stop using

1114
00:50:03,880 --> 00:50:05,799
Speaker 3: the titles, but he hasn't given up the titles. There

1115
00:50:05,800 --> 00:50:07,480
Speaker 3: are now calls for the King to strip him of

1116
00:50:07,520 --> 00:50:08,680
Speaker 3: the titles. Will that happen?

1117
00:50:10,360 --> 00:50:13,560
Speaker 19: Well, that is indeed what's happened. I would be surprised

1118
00:50:13,640 --> 00:50:16,920
Speaker 19: if he strips him just yet, simply because of what's involved.

1119
00:50:17,000 --> 00:50:17,239
Speaker 3: Heather.

1120
00:50:17,360 --> 00:50:19,040
Speaker 19: You know, it's very easy for all of us to say,

1121
00:50:19,080 --> 00:50:21,239
Speaker 19: strip him of his title, get rid of this prince

1122
00:50:21,280 --> 00:50:23,759
Speaker 19: y title. It's not as simple as that. In order

1123
00:50:23,880 --> 00:50:27,040
Speaker 19: to strip his hereditary peerage, the Dukedom, the Duke of York,

1124
00:50:27,040 --> 00:50:28,960
Speaker 19: which was a gift from the Queen when he got married,

1125
00:50:29,160 --> 00:50:32,120
Speaker 19: that would require an Act of Parliament, and of course

1126
00:50:32,160 --> 00:50:35,080
Speaker 19: people are going to be complaining and negative either way.

1127
00:50:35,120 --> 00:50:39,000
Speaker 19: An Act of Parliament requires a lot of time, parliamentary time,

1128
00:50:39,040 --> 00:50:41,440
Speaker 19: and some people would argue that MPs need to be

1129
00:50:41,480 --> 00:50:44,200
Speaker 19: concerned with other things in the UK right now. By

1130
00:50:44,320 --> 00:50:48,279
Speaker 19: ensuring that Prince Andrew volunteered, I say volunteered loosely, the

1131
00:50:48,360 --> 00:50:52,480
Speaker 19: King more likely forced him to volunteer. It was a quick,

1132
00:50:52,640 --> 00:50:56,600
Speaker 19: effective solution, but it also meant that it was effective

1133
00:50:56,640 --> 00:51:00,279
Speaker 19: immediately that means right away he stopped using his Duke

1134
00:51:00,280 --> 00:51:02,840
Speaker 19: of York title, rather than it dragging out through Parliament

1135
00:51:02,880 --> 00:51:04,680
Speaker 19: over the course of six to twelve months.

1136
00:51:04,920 --> 00:51:06,319
Speaker 3: Do you believe there's more to come?

1137
00:51:08,520 --> 00:51:10,919
Speaker 19: Well, I suspect there may well be the reason there's

1138
00:51:10,960 --> 00:51:13,319
Speaker 19: been this renewed interest in Prince Andrew. As you rightly

1139
00:51:13,360 --> 00:51:15,560
Speaker 19: said in your introduction, it just the news seems to

1140
00:51:15,600 --> 00:51:17,480
Speaker 19: keep on coming, doesn't it, ever since that News Night

1141
00:51:17,520 --> 00:51:21,240
Speaker 19: interview in twenty nineteen. But there's been renewed focus because

1142
00:51:21,320 --> 00:51:24,040
Speaker 19: of this posthumous memoir that's being published this week by

1143
00:51:24,440 --> 00:51:26,799
Speaker 19: Virginia Jeffree, who very sadly took her own life back

1144
00:51:26,800 --> 00:51:30,200
Speaker 19: in April. Extracts from that memoir have been published in

1145
00:51:30,239 --> 00:51:32,879
Speaker 19: the British Prayers over the last two weeks or so.

1146
00:51:33,239 --> 00:51:35,560
Speaker 19: Of course, much of the focus has been on Prince Andrew,

1147
00:51:35,560 --> 00:51:37,319
Speaker 19: but there's a whole book here, and we don't know

1148
00:51:37,360 --> 00:51:40,120
Speaker 19: what else is to come. So it's entirely possible that

1149
00:51:40,200 --> 00:51:43,480
Speaker 19: this was Buckingham Pallace's way of getting ahead of whatever

1150
00:51:43,520 --> 00:51:46,680
Speaker 19: else may be to come. Some people are going to

1151
00:51:46,680 --> 00:51:48,840
Speaker 19: say it's not enough. Other people are going to say,

1152
00:51:49,440 --> 00:51:52,080
Speaker 19: and rightly so here too, that the Prince has yet

1153
00:51:52,120 --> 00:51:54,960
Speaker 19: to be investigated for charged or convicted of a crime.

1154
00:51:55,040 --> 00:51:57,720
Speaker 19: So how far can you go when there's no evidence

1155
00:51:57,800 --> 00:52:00,759
Speaker 19: or certainly no conviction of wrongdoing. But I think right

1156
00:52:00,800 --> 00:52:02,800
Speaker 19: now we have to look at what the King has achieved.

1157
00:52:02,840 --> 00:52:06,680
Speaker 19: He has stripped away his state funded police protection, he's

1158
00:52:06,840 --> 00:52:09,680
Speaker 19: stopped funding him himself, bucking On Palace, is removing all

1159
00:52:09,719 --> 00:52:13,120
Speaker 19: traces of him from the website. He's ensured that he's

1160
00:52:13,120 --> 00:52:15,480
Speaker 19: given up the use of that title. He's made him

1161
00:52:15,480 --> 00:52:18,120
Speaker 19: give up his honors. He tried to get him to

1162
00:52:18,160 --> 00:52:20,719
Speaker 19: move out of Royal Lodge, but Prince Andrew has a

1163
00:52:20,719 --> 00:52:23,480
Speaker 19: pretty iron clad lease. While he can afford to pay

1164
00:52:23,480 --> 00:52:26,239
Speaker 19: for Royal Lodge, he'll continue to stay there. The King

1165
00:52:26,320 --> 00:52:28,839
Speaker 19: has kind of at this point done everything that he

1166
00:52:28,920 --> 00:52:33,040
Speaker 19: can without any evidence of criminal wrongdoing.

1167
00:52:33,800 --> 00:52:36,600
Speaker 3: Now, part of the reason the King is doing this

1168
00:52:36,920 --> 00:52:39,000
Speaker 3: as well is because he wants some clear heir for

1169
00:52:39,040 --> 00:52:40,759
Speaker 3: a meeting that he's having with the Pope in a

1170
00:52:40,760 --> 00:52:43,400
Speaker 3: couple of days time. Given how much coverage there is

1171
00:52:43,440 --> 00:52:45,000
Speaker 3: of this at the moment in the UK, can he

1172
00:52:45,080 --> 00:52:48,280
Speaker 3: really get clear here? Unlikely?

1173
00:52:48,440 --> 00:52:50,640
Speaker 19: And that's because we know in the media if it bleeds,

1174
00:52:50,680 --> 00:52:53,600
Speaker 19: it leads to coin a phrase and Prince Andrew is

1175
00:52:53,719 --> 00:52:58,279
Speaker 19: just it's a salacious, nasty, gossipy story and there is

1176
00:52:58,360 --> 00:53:00,560
Speaker 19: so much that's going to come from this, and in

1177
00:53:00,600 --> 00:53:03,040
Speaker 19: the UK certainly, I'm not sure what the publication date

1178
00:53:03,120 --> 00:53:05,959
Speaker 19: is there in New Zealand, but Virginia Jifreeze book comes

1179
00:53:06,000 --> 00:53:08,440
Speaker 19: out in the UK tomorrow. The King State visit to

1180
00:53:08,480 --> 00:53:10,640
Speaker 19: the Vatican is on the twenty second and twenty third,

1181
00:53:10,680 --> 00:53:13,240
Speaker 19: so Wednesday and Thursday, and this is a very important

1182
00:53:13,320 --> 00:53:15,920
Speaker 19: visit for him. Is going to be the first British

1183
00:53:15,960 --> 00:53:19,799
Speaker 19: monarch to pray alongside a Catholic poope in well since

1184
00:53:19,840 --> 00:53:22,880
Speaker 19: the sixteenth century. This is a very important visit for

1185
00:53:23,000 --> 00:53:25,680
Speaker 19: him and certainly it'll get coverage. But if there's more

1186
00:53:25,719 --> 00:53:27,960
Speaker 19: in this memoir then you can be sure everyone's going

1187
00:53:28,000 --> 00:53:28,840
Speaker 19: to be talking about that.

1188
00:53:29,560 --> 00:53:31,440
Speaker 3: Victoria's always good to talk to you. Thank you so much,

1189
00:53:31,520 --> 00:53:34,480
Speaker 3: Victoria Abbata, Royal commentator. Twenty away from six.

1190
00:53:35,080 --> 00:53:38,680
Speaker 1: The Huddle with New Zealand Souderby's International Realty find your

1191
00:53:39,080 --> 00:53:40,759
Speaker 1: one of a kind on the handle with.

1192
00:53:40,800 --> 00:53:42,760
Speaker 3: Us this evening we have Trish Shurson of Sheerson Willis

1193
00:53:42,760 --> 00:53:44,960
Speaker 3: pr and Joseph A. Gani of Child Fund. The CEO there,

1194
00:53:45,000 --> 00:53:47,560
Speaker 3: how are you too, Hallo? Now, Trisha, you are a

1195
00:53:47,560 --> 00:53:49,640
Speaker 3: pr expert. So how does this play out?

1196
00:53:50,040 --> 00:53:54,919
Speaker 20: Well, every thread that gets pulled in this very very

1197
00:53:55,120 --> 00:53:58,840
Speaker 20: grubby saga of Prince Andrew phrase more and more the

1198
00:53:58,880 --> 00:54:04,000
Speaker 20: monarchy's ritpy. The problem is that they didn't get a

1199
00:54:04,040 --> 00:54:08,719
Speaker 20: handle on this way back when this started. They would have,

1200
00:54:09,239 --> 00:54:11,640
Speaker 20: or should have the people advising them should have had

1201
00:54:11,719 --> 00:54:15,600
Speaker 20: a very firm view on what could unravel. I suspect

1202
00:54:15,640 --> 00:54:19,600
Speaker 20: what has hamstrung them all along is Prince Andrew's utter

1203
00:54:19,840 --> 00:54:23,759
Speaker 20: arrogance and hubris and even the statement he put out

1204
00:54:23,800 --> 00:54:28,719
Speaker 20: over the weekend. What was the statement, I'm voluntarily giving

1205
00:54:28,800 --> 00:54:32,719
Speaker 20: up my titles because as always I put my country

1206
00:54:33,040 --> 00:54:35,160
Speaker 20: and the monarchy and my family first.

1207
00:54:35,200 --> 00:54:37,919
Speaker 3: I mean, this guy is just oute, just.

1208
00:54:37,880 --> 00:54:41,719
Speaker 20: Outrageous, and both he and Fergie they have just had

1209
00:54:41,760 --> 00:54:45,960
Speaker 20: their grubby little paws out it in every turn. If

1210
00:54:46,000 --> 00:54:49,160
Speaker 20: there was ever a couple who would be renowned for

1211
00:54:49,680 --> 00:54:53,319
Speaker 20: trying to, you know, by any means possible get a

1212
00:54:53,360 --> 00:54:55,239
Speaker 20: dollar in their pockets, it's these two.

1213
00:54:55,760 --> 00:54:57,879
Speaker 3: What do you think happens here, Josie, Because I mean, look,

1214
00:54:57,880 --> 00:55:00,000
Speaker 3: it's not just stuff out of Virginia and your phrase book.

1215
00:55:00,120 --> 00:55:02,919
Speaker 3: Now we've got stuff coming out that's being leaked from

1216
00:55:02,960 --> 00:55:05,719
Speaker 3: from Congress in the UK like this. They're about to

1217
00:55:05,760 --> 00:55:07,880
Speaker 3: release a whole bunch of files that impune him further.

1218
00:55:07,920 --> 00:55:10,239
Speaker 3: It's just coming at the royal family, going to they

1219
00:55:10,239 --> 00:55:11,360
Speaker 3: strip him of the titles.

1220
00:55:11,520 --> 00:55:13,600
Speaker 21: Yeah, I mean, it's just going to get worse and worse,

1221
00:55:13,719 --> 00:55:15,960
Speaker 21: isn't it. And I think they'll probably have to. But

1222
00:55:16,040 --> 00:55:19,239
Speaker 21: the fundamental problem here, however, is that you know, I

1223
00:55:19,239 --> 00:55:21,640
Speaker 21: hate to break it to everybody, but the monarchy is

1224
00:55:21,680 --> 00:55:22,760
Speaker 21: not a meritocracy.

1225
00:55:23,080 --> 00:55:25,160
Speaker 3: No, you don't get to pick your princes.

1226
00:55:25,600 --> 00:55:29,680
Speaker 21: That they just emerge and there they are. And so

1227
00:55:29,960 --> 00:55:34,000
Speaker 21: if you start going he's a cad, he's morally reprehensible,

1228
00:55:34,080 --> 00:55:37,000
Speaker 21: he's thick, he's obnoxious.

1229
00:55:37,719 --> 00:55:39,680
Speaker 3: Where do you stop? Because if he's.

1230
00:55:39,520 --> 00:55:43,000
Speaker 21: Not suitable to be a prince, then you know, how

1231
00:55:43,040 --> 00:55:45,239
Speaker 21: do you have Where do you stop?

1232
00:55:45,280 --> 00:55:48,560
Speaker 3: Where do you go next? Does it have to be criminal? Well?

1233
00:55:48,880 --> 00:55:52,600
Speaker 21: I do think that this is very entertaining for a start,

1234
00:55:52,680 --> 00:55:54,520
Speaker 21: right looking at it. I mean, there was one headline

1235
00:55:54,560 --> 00:55:56,480
Speaker 21: that I read over the weekend which was something like

1236
00:55:56,600 --> 00:55:59,400
Speaker 21: Andrew Touloo's Order of the Garter, which is possibly one

1237
00:55:59,440 --> 00:56:04,120
Speaker 21: of the silliest headlines I've ever seen. But so you know,

1238
00:56:04,239 --> 00:56:06,279
Speaker 21: I think it's does he does he lose it?

1239
00:56:06,400 --> 00:56:06,600
Speaker 12: Yes?

1240
00:56:06,719 --> 00:56:07,239
Speaker 3: Probably?

1241
00:56:07,719 --> 00:56:10,200
Speaker 21: I mean the problem though, once you do that, like

1242
00:56:10,280 --> 00:56:12,040
Speaker 21: Harry and Meghan. You look at Harry Meghan, they just

1243
00:56:12,080 --> 00:56:15,960
Speaker 21: look like ordinary posh toffs. Now, yeah they don't. If

1244
00:56:16,000 --> 00:56:19,240
Speaker 21: you don't have the Game of Thrones outfit in the sword,

1245
00:56:19,760 --> 00:56:21,480
Speaker 21: what the hell is the monarchy for? And when they

1246
00:56:21,520 --> 00:56:24,080
Speaker 21: start to look like just Harry and Meghan or you know,

1247
00:56:24,200 --> 00:56:27,880
Speaker 21: Andrew and Sarah, then it starts to not just fray

1248
00:56:28,040 --> 00:56:33,000
Speaker 21: their credibility, but actually under the illusion of it.

1249
00:56:32,080 --> 00:56:36,760
Speaker 20: I think if if William becomes king, if if action

1250
00:56:36,880 --> 00:56:39,960
Speaker 20: hasn't been taken, my sense is he is chomping at

1251
00:56:39,960 --> 00:56:42,440
Speaker 20: the bit. And I think it's you know, Charles has

1252
00:56:42,480 --> 00:56:46,080
Speaker 20: sort of been protecting Andrew doesn't really want to pull

1253
00:56:46,120 --> 00:56:48,960
Speaker 20: the pull the trigger or bring the guillotine down, And

1254
00:56:49,320 --> 00:56:53,120
Speaker 20: to use a sort of term well known to the monarchy,

1255
00:56:53,520 --> 00:56:55,680
Speaker 20: I think William would absolutely do that.

1256
00:56:55,920 --> 00:56:57,960
Speaker 3: Yeah, fair enough. Now what did you think of Labour's

1257
00:56:58,000 --> 00:56:59,160
Speaker 3: future Fund, Josey?

1258
00:56:59,400 --> 00:57:02,960
Speaker 21: I think the idea is spot on in terms of

1259
00:57:03,000 --> 00:57:06,040
Speaker 21: an investment fund. You know, you look at and of

1260
00:57:06,080 --> 00:57:09,200
Speaker 21: course Labor and Chippy quoted Singapore. I mean I also

1261
00:57:09,200 --> 00:57:12,080
Speaker 21: think the countries like South Korea. You know, in the seventies,

1262
00:57:12,160 --> 00:57:17,320
Speaker 21: South Korea and Argentina both agricultural economies, both poor. One

1263
00:57:17,440 --> 00:57:21,720
Speaker 21: invested government funds into innovation. They started creating TVs and

1264
00:57:21,800 --> 00:57:24,439
Speaker 21: cars right and the other didn't. So now South Korea

1265
00:57:24,560 --> 00:57:27,440
Speaker 21: is much richer than Argentina. So all makes perfect sense.

1266
00:57:27,520 --> 00:57:29,680
Speaker 21: And I think the one thing that I like about

1267
00:57:29,680 --> 00:57:31,919
Speaker 21: the way they announced it is they very clearly said,

1268
00:57:31,920 --> 00:57:33,720
Speaker 21: we're not going to do what we did before. We're

1269
00:57:33,720 --> 00:57:36,240
Speaker 21: not going to do everything. We're not going to do

1270
00:57:36,280 --> 00:57:38,720
Speaker 21: working groups. And you know what, I remember they set

1271
00:57:38,760 --> 00:57:41,040
Speaker 21: up a whole bunch of working groups. If it doesn't work,

1272
00:57:41,120 --> 00:57:43,400
Speaker 21: we'll ditch it. And I think there's a cliche about

1273
00:57:43,400 --> 00:57:46,200
Speaker 21: this sort of stuff that you can't government can't pick winners. Well,

1274
00:57:46,200 --> 00:57:48,400
Speaker 21: actually no one can pick winners. But what you can

1275
00:57:48,480 --> 00:57:51,440
Speaker 21: pick is losers. And what they're saying, and I think

1276
00:57:51,480 --> 00:57:53,240
Speaker 21: this is right that they've been labor have learned a

1277
00:57:53,280 --> 00:57:55,800
Speaker 21: lesson that they will if something's not working, they'll drop it.

1278
00:57:55,840 --> 00:57:58,520
Speaker 21: They'll move on right straight away. So thump the losers.

1279
00:57:59,160 --> 00:58:01,600
Speaker 21: The problem with it it is, you know, two hundred

1280
00:58:01,600 --> 00:58:04,200
Speaker 21: million dollars is not a lot, No, so we don't

1281
00:58:04,240 --> 00:58:07,440
Speaker 21: know what else is going into it, you know, and

1282
00:58:07,440 --> 00:58:09,760
Speaker 21: we're not the details not clear about it. Setting up

1283
00:58:09,800 --> 00:58:13,600
Speaker 21: this weird the guardians of the galaxy thing super fund

1284
00:58:14,040 --> 00:58:16,560
Speaker 21: are going to decide what to invest in. You've got

1285
00:58:16,560 --> 00:58:19,200
Speaker 21: to do it in consultation with businesses and with sector.

1286
00:58:19,280 --> 00:58:22,320
Speaker 21: You can't do it sort of, you know, you can't

1287
00:58:22,320 --> 00:58:24,120
Speaker 21: just do it as a government thing. And even I would,

1288
00:58:24,240 --> 00:58:27,480
Speaker 21: I would argue the super fund isn't necessarily the right place.

1289
00:58:27,880 --> 00:58:30,160
Speaker 3: Okay, let Trush, I want your take on it, but

1290
00:58:30,200 --> 00:58:31,520
Speaker 3: we'll get it after the break, So you hang on

1291
00:58:31,560 --> 00:58:33,360
Speaker 3: to take It's Quarter two News Talk ZB.

1292
00:58:35,440 --> 00:58:39,240
Speaker 1: The huddle with New Zealand southbast International Realty, the global

1293
00:58:39,320 --> 00:58:41,080
Speaker 1: leader in luxury real estate.

1294
00:58:41,200 --> 00:58:42,640
Speaker 3: Right, you're back with a heart or right, Trish? Tell

1295
00:58:42,680 --> 00:58:44,240
Speaker 3: me what does your take on the future fund thing?

1296
00:58:45,000 --> 00:58:49,320
Speaker 20: Well, it's hard to really get under the hood of

1297
00:58:49,360 --> 00:58:51,160
Speaker 20: it because it's so light on. I mean, this is

1298
00:58:51,200 --> 00:58:54,120
Speaker 20: a document of twelve pages with no numbers or anything

1299
00:58:54,120 --> 00:58:57,160
Speaker 20: that you can assess this on and actually reading the pressory.

1300
00:58:57,240 --> 00:58:59,720
Speaker 20: So I thought this takes me back to under the

1301
00:59:00,160 --> 00:59:02,800
Speaker 20: do In Hipkins government. You could have cut and pasted

1302
00:59:02,800 --> 00:59:05,840
Speaker 20: the great statements about jobs and going to do all

1303
00:59:05,840 --> 00:59:09,320
Speaker 20: these amazing social things. Let's be clear, this is not

1304
00:59:09,600 --> 00:59:12,640
Speaker 20: the Singapore scheme, even without the disc and it is

1305
00:59:12,720 --> 00:59:15,520
Speaker 20: absolutely not. And I actually thought I'm going to give

1306
00:59:15,520 --> 00:59:19,120
Speaker 20: a bouquet to Day two X response to it and

1307
00:59:19,560 --> 00:59:21,920
Speaker 20: this line they said, as soon as politicians mix their

1308
00:59:22,000 --> 00:59:25,120
Speaker 20: drinks thinking their wolves of Wall Street, the losses to taxpayers,

1309
00:59:25,120 --> 00:59:28,800
Speaker 20: present and future and future losses start mounting.

1310
00:59:28,880 --> 00:59:31,560
Speaker 3: Yeah, because the point of this, what Singapore does, am

1311
00:59:31,600 --> 00:59:33,680
Speaker 3: I tell me if I'm right, heretrish. But what Singapore

1312
00:59:33,680 --> 00:59:36,480
Speaker 3: does is they go, these are our assets, they'd owned assets.

1313
00:59:36,840 --> 00:59:38,840
Speaker 3: We're going to take politicians out of the mix. It's

1314
00:59:39,000 --> 00:59:41,160
Speaker 3: exactly somebody independent, you do whatever.

1315
00:59:41,320 --> 00:59:44,320
Speaker 20: That's exactly what we've done.

1316
00:59:44,520 --> 00:59:46,960
Speaker 3: What Chippy's done is he's gone make us rich, but

1317
00:59:47,040 --> 00:59:49,240
Speaker 3: also only invest in New Zealand businesses and you can't

1318
00:59:49,240 --> 00:59:51,400
Speaker 3: sell anything. No, just completely going to New to that.

1319
00:59:52,160 --> 00:59:54,400
Speaker 20: I totally agree. And once again, what is at the

1320
00:59:54,400 --> 00:59:57,120
Speaker 20: heart of this. It's a popular sort of a picking

1321
00:59:57,160 --> 01:00:00,440
Speaker 20: winner's kind of a thing. And how many times does

1322
01:00:00,480 --> 01:00:02,760
Speaker 20: the New Zealand taxpayer have to have to pick up

1323
01:00:02,760 --> 01:00:03,280
Speaker 20: the tab for that?

1324
01:00:03,360 --> 01:00:05,080
Speaker 21: Yeah, but you've got you've got to do it, as

1325
01:00:05,120 --> 01:00:07,520
Speaker 21: you're right, You've got to do it in consultation with business.

1326
01:00:07,600 --> 01:00:09,800
Speaker 21: With that, you can't just have a politician.

1327
01:00:09,360 --> 01:00:11,360
Speaker 3: To decide what you want. Do you want us to be

1328
01:00:11,520 --> 01:00:14,040
Speaker 3: rich through this or do you want to use this

1329
01:00:14,120 --> 01:00:16,520
Speaker 3: to invest in New Zealand businesses? You can't do both no,

1330
01:00:16,560 --> 01:00:19,400
Speaker 3: because which is why Idiland businesses doesn't necessarily make us rich.

1331
01:00:19,480 --> 01:00:21,280
Speaker 21: Which is why I don't think the Superfund is the

1332
01:00:21,360 --> 01:00:23,200
Speaker 21: right place for it, because the job of the Superfund

1333
01:00:23,400 --> 01:00:25,440
Speaker 21: is to invest in whatever to make us rich, right

1334
01:00:25,480 --> 01:00:28,040
Speaker 21: to pay our pensions and so on. So I actually think,

1335
01:00:28,240 --> 01:00:29,720
Speaker 21: in some ways, I think it would be better to

1336
01:00:29,760 --> 01:00:32,440
Speaker 21: do something like set up an infrastructure bank or something

1337
01:00:32,440 --> 01:00:34,600
Speaker 21: where you go, right, money's going to go into there,

1338
01:00:34,640 --> 01:00:37,040
Speaker 21: and we're going to have an independent panel that decides

1339
01:00:37,080 --> 01:00:40,880
Speaker 21: these are our infrastructure priorities, and you know, we're going

1340
01:00:40,920 --> 01:00:43,240
Speaker 21: to do a cost benefit analysis, et cetera, et cetera.

1341
01:00:43,560 --> 01:00:47,240
Speaker 21: Because you know, you can't you can't have you're right,

1342
01:00:47,320 --> 01:00:50,760
Speaker 21: you can't have politicians picking winners. But you can have

1343
01:00:50,880 --> 01:00:53,440
Speaker 21: some sort of body that is a mixture of politicians

1344
01:00:53,440 --> 01:00:55,840
Speaker 21: and sectors and community groups and so on that are

1345
01:00:55,840 --> 01:00:58,400
Speaker 21: going to go right we want a cost benefit analysis

1346
01:00:58,440 --> 01:01:02,680
Speaker 21: that makes sense, and that's I actually think an infrastructure bank.

1347
01:01:02,320 --> 01:01:03,320
Speaker 3: Would be the way to do it.

1348
01:01:03,360 --> 01:01:05,760
Speaker 21: But the idea is right, and they are saying trish,

1349
01:01:05,800 --> 01:01:08,000
Speaker 21: even though I get it that it's a bit of

1350
01:01:08,000 --> 01:01:10,520
Speaker 21: cut and pace of a don but they are saying,

1351
01:01:10,640 --> 01:01:13,080
Speaker 21: we tried to do too much, we delivered not enough.

1352
01:01:13,520 --> 01:01:16,240
Speaker 21: So to actually hear them say that, it's really I.

1353
01:01:16,160 --> 01:01:19,480
Speaker 20: Mean, I get that, and I think that's a good

1354
01:01:19,480 --> 01:01:22,120
Speaker 20: thing to say. Do we trust that that's the case? I,

1355
01:01:22,240 --> 01:01:24,840
Speaker 20: you know, yet to be convinced. This feels to me,

1356
01:01:24,960 --> 01:01:27,960
Speaker 20: like I said, like another feel good flight of fancy

1357
01:01:28,360 --> 01:01:29,560
Speaker 20: that the taxpayers are going.

1358
01:01:29,560 --> 01:01:30,120
Speaker 3: To pay for.

1359
01:01:30,240 --> 01:01:33,280
Speaker 20: And it's not one thing or the other, it's a

1360
01:01:33,320 --> 01:01:35,960
Speaker 20: mix of things. And also in my view, I mean,

1361
01:01:36,320 --> 01:01:40,000
Speaker 20: I've got a real bug bear with politicians holding back

1362
01:01:40,120 --> 01:01:45,560
Speaker 20: on policy until last minute in election year because they

1363
01:01:45,560 --> 01:01:47,400
Speaker 20: don't want to give stuff away, they don't want to

1364
01:01:47,400 --> 01:01:50,280
Speaker 20: give the opposition the thing. I think that is arrogant

1365
01:01:50,400 --> 01:01:54,440
Speaker 20: and actually voters should have been able to really get

1366
01:01:54,520 --> 01:01:57,000
Speaker 20: under the hood of who's promising what. And I think

1367
01:01:57,240 --> 01:01:59,600
Speaker 20: this is being pushed further and further now This election

1368
01:01:59,640 --> 01:02:03,920
Speaker 20: will be the last, the latest we've ever seen Labor

1369
01:02:04,000 --> 01:02:06,800
Speaker 20: really make a run on major policy, and I just

1370
01:02:06,840 --> 01:02:07,760
Speaker 20: don't think it's good enough.

1371
01:02:07,800 --> 01:02:09,320
Speaker 21: I'll say one thing, because you know, we've got Jim

1372
01:02:09,320 --> 01:02:12,520
Speaker 21: Bolger's funeral coming up. And I did a panel with

1373
01:02:12,560 --> 01:02:15,520
Speaker 21: Jim Boulder and Helen Clark last year, and I look

1374
01:02:15,560 --> 01:02:19,480
Speaker 21: at those two politicians from both sides of politics, and

1375
01:02:19,520 --> 01:02:22,080
Speaker 21: they had a real They had the same theory of politics,

1376
01:02:22,080 --> 01:02:23,240
Speaker 21: exactly what you said, Trish.

1377
01:02:23,360 --> 01:02:24,880
Speaker 3: You prepare an opposition, you get.

1378
01:02:24,760 --> 01:02:27,080
Speaker 21: All your policies and your details, and you cross your

1379
01:02:27,080 --> 01:02:29,959
Speaker 21: t's and dot your eyes and get your policy ready

1380
01:02:29,960 --> 01:02:32,880
Speaker 21: to go, and you implement, implement, implement in government. And

1381
01:02:32,960 --> 01:02:34,800
Speaker 21: both of them did that. They had a vision, they

1382
01:02:34,800 --> 01:02:37,760
Speaker 21: had a mission, and they wanted to do this. Isn't

1383
01:02:37,840 --> 01:02:40,360
Speaker 21: mind if they weren't popular all the time. And those

1384
01:02:40,400 --> 01:02:41,439
Speaker 21: politicians have gone.

1385
01:02:42,480 --> 01:02:46,600
Speaker 20: And also I noted Chris Hopkins when you interviewed him earlier, Heather,

1386
01:02:46,680 --> 01:02:49,440
Speaker 20: and you asked him a detail question about this policy,

1387
01:02:49,480 --> 01:02:52,720
Speaker 20: and he said, we'll sort that out in government. That's

1388
01:02:52,760 --> 01:02:55,320
Speaker 20: what happened with Labor last time round.

1389
01:02:55,360 --> 01:02:56,840
Speaker 3: The happening with this lot as well.

1390
01:02:56,880 --> 01:03:02,000
Speaker 20: I agree there was a deadline manifesto, but everything else

1391
01:03:02,120 --> 01:03:04,880
Speaker 20: they actually didn't have it sorted, and I think as

1392
01:03:04,960 --> 01:03:06,520
Speaker 20: voters this time around, we have to say that's not

1393
01:03:06,560 --> 01:03:06,960
Speaker 20: good enough.

1394
01:03:07,040 --> 01:03:08,880
Speaker 3: Josie, could you get on board of the blueberry as

1395
01:03:08,920 --> 01:03:09,919
Speaker 3: big as a ping pong ball?

1396
01:03:10,240 --> 01:03:12,600
Speaker 21: Well, you see, I just what when you say that.

1397
01:03:12,720 --> 01:03:15,040
Speaker 21: I just see those giant strawberries that taste of nothing.

1398
01:03:15,040 --> 01:03:17,360
Speaker 3: But yes, I've been buying those things.

1399
01:03:17,480 --> 01:03:21,880
Speaker 21: Yeah, I want my little crispy tart, little thing, bursting little.

1400
01:03:22,920 --> 01:03:25,200
Speaker 21: I could do wine reviews.

1401
01:03:25,320 --> 01:03:28,680
Speaker 3: I'm not into this idea, a big one. Can you imagine?

1402
01:03:28,680 --> 01:03:30,320
Speaker 3: Can you imagine the damage that's going to do in

1403
01:03:30,320 --> 01:03:31,560
Speaker 3: your hand bagh?

1404
01:03:31,600 --> 01:03:34,040
Speaker 20: Well I wouldn't have a fresh blowbery in the handbag.

1405
01:03:34,120 --> 01:03:36,960
Speaker 20: But I am a huge fan of blueberries. And do

1406
01:03:37,000 --> 01:03:39,400
Speaker 20: you know what New Zealand blueberries because of our lack

1407
01:03:39,440 --> 01:03:43,920
Speaker 20: of ozone layer, they have more antioxidants than blueberries anywhere

1408
01:03:43,920 --> 01:03:46,640
Speaker 20: else in the world because our fruit and veggies actually

1409
01:03:46,760 --> 01:03:50,480
Speaker 20: create more antioxidants to protect themselves against.

1410
01:03:50,360 --> 01:03:53,480
Speaker 3: Oh this is why somebody takes weight a blueberry and

1411
01:03:53,560 --> 01:03:55,520
Speaker 3: then go out in the sun. You won't get some burned. Well,

1412
01:03:55,680 --> 01:03:56,280
Speaker 3: I don't try.

1413
01:03:56,800 --> 01:04:00,360
Speaker 20: I don't think that's quite right. But blueberries are absolutely fantastic.

1414
01:04:00,240 --> 01:04:02,800
Speaker 3: Brilliant girls. Thank you very much appreciate it. Trusherson and

1415
01:04:02,880 --> 01:04:06,160
Speaker 3: Jose BEGANI our huddle this evening. It's seven away from six.

1416
01:04:07,320 --> 01:04:10,800
Speaker 1: It's the Heather Duplessy allan Drive full show podcast on

1417
01:04:11,000 --> 01:04:13,720
Speaker 1: my Ard Radio powered by News Talk zb.

1418
01:04:15,640 --> 01:04:19,400
Speaker 3: UM. Heather, will it be a co governed sovereign wealth fund? Yeah?

1419
01:04:19,520 --> 01:04:22,040
Speaker 3: See there, ego, there's the problem, right, that's from Bob

1420
01:04:22,080 --> 01:04:24,280
Speaker 3: the minute. The minute Laby gets involved with something like this,

1421
01:04:24,360 --> 01:04:26,400
Speaker 3: you go, yeah, but what kind of weird little things

1422
01:04:26,400 --> 01:04:28,240
Speaker 3: are you gonna as the government do? It's not going

1423
01:04:28,320 --> 01:04:30,120
Speaker 3: to be it's not going to be a true, a

1424
01:04:30,160 --> 01:04:32,880
Speaker 3: true funding mechanism like you or I might have privately.

1425
01:04:34,080 --> 01:04:35,480
Speaker 3: Chris Bishop is gonna but do you know what, Chris

1426
01:04:35,520 --> 01:04:38,600
Speaker 3: bus Ship's had a haircut. Chris Bishop has had a haircut,

1427
01:04:38,680 --> 01:04:42,440
Speaker 3: and he looks tidy. Now, I'm not going to explain

1428
01:04:42,680 --> 01:04:46,560
Speaker 3: the significance of that comment, right, but just mark this

1429
01:04:46,720 --> 01:04:49,080
Speaker 3: down and we'll talk about this some other day and

1430
01:04:49,120 --> 01:04:50,440
Speaker 3: I'll say to you, do you remember when I told

1431
01:04:50,440 --> 01:04:52,760
Speaker 3: you Chris Bishop I had a haircut? That was significant

1432
01:04:52,760 --> 01:04:55,120
Speaker 3: because so just just remember that. We'll come back to

1433
01:04:55,160 --> 01:04:58,920
Speaker 3: this in the weeks to come. But it's looking good anyway.

1434
01:04:58,960 --> 01:05:00,760
Speaker 3: He's with us after six we have a little chat

1435
01:05:00,760 --> 01:05:03,360
Speaker 3: to him about other stuff, not his haircut. I think

1436
01:05:03,400 --> 01:05:05,520
Speaker 3: this is really fascinating. There are some numbers out about

1437
01:05:05,520 --> 01:05:09,120
Speaker 3: the number of kids in various well in two specific

1438
01:05:09,120 --> 01:05:11,560
Speaker 3: cities in Central Auckland and Central Wellington, and the fact

1439
01:05:11,600 --> 01:05:13,439
Speaker 3: that they have fallen off a cliff, Like the number

1440
01:05:13,480 --> 01:05:16,480
Speaker 3: of kids living in Central Auckland and Wellington is way

1441
01:05:16,520 --> 01:05:18,840
Speaker 3: down on what it was a decade ago. So we're

1442
01:05:18,880 --> 01:05:21,200
Speaker 3: talking about places like what like the you know, the

1443
01:05:21,200 --> 01:05:26,960
Speaker 3: local board areas that cover White to Matar, Albert Eden, Oraqi, Devenport, Takapona.

1444
01:05:27,000 --> 01:05:30,360
Speaker 3: Between twenty thirteen and twenty twenty three, the decline in

1445
01:05:30,440 --> 01:05:34,040
Speaker 3: children under the age of fourteen is eight percent. It's

1446
01:05:34,040 --> 01:05:36,959
Speaker 3: actually eight and a half percent. It's reasonably significant drop

1447
01:05:37,000 --> 01:05:40,000
Speaker 3: off in Herne Bay and Devenport. It's a drop of

1448
01:05:40,480 --> 01:05:44,040
Speaker 3: thirty three percent over the ten years. Like that is massive.

1449
01:05:44,240 --> 01:05:46,240
Speaker 3: That's but by the way, if you want to get

1450
01:05:46,280 --> 01:05:50,720
Speaker 3: into like Bayfield Primary School or Ponsonby Primary School, they

1451
01:05:50,760 --> 01:05:53,120
Speaker 3: take a lot of out of enrollment kids now out

1452
01:05:53,120 --> 01:05:55,439
Speaker 3: of his own enrollments because they don't have kids living

1453
01:05:55,640 --> 01:05:58,520
Speaker 3: mostly in Herne Bay. It's a real problem anyway. Wellington

1454
01:05:58,560 --> 01:06:01,040
Speaker 3: suburbs of Nio Island and Bay had Tai Tai a

1455
01:06:01,120 --> 01:06:04,200
Speaker 3: drop off of about twenty percent or thereabouts with the kids.

1456
01:06:04,440 --> 01:06:07,600
Speaker 3: This is not normal in areas outside of the city center,

1457
01:06:07,680 --> 01:06:11,000
Speaker 3: like in Auckland, Howard, Papacara, High Biscus and Bay's Upper Harbor,

1458
01:06:11,080 --> 01:06:14,480
Speaker 3: Rodney Franklin, they've had a growth in children and that

1459
01:06:14,560 --> 01:06:17,320
Speaker 3: age bracket of twenty seven percent. Christ Church, the number

1460
01:06:17,320 --> 01:06:19,840
Speaker 3: of kiddies is increased by twelve percent. And this is

1461
01:06:19,880 --> 01:06:21,760
Speaker 3: of course because everybody's moving to christ Church anyway. I

1462
01:06:21,800 --> 01:06:23,960
Speaker 3: think that that's fascinating. What they think it comes down

1463
01:06:24,000 --> 01:06:27,000
Speaker 3: to is house prices, Like it is just too expensive

1464
01:06:27,080 --> 01:06:30,000
Speaker 3: to move into Herne Bay. Now if you move into

1465
01:06:30,000 --> 01:06:32,960
Speaker 3: Herne Bay. If maybe if you're a childless couple, like

1466
01:06:32,960 --> 01:06:34,760
Speaker 3: a couple of lawyers who don't have kids, but the

1467
01:06:34,840 --> 01:06:36,680
Speaker 3: minute you got kids and you want to, it's just

1468
01:06:36,760 --> 01:06:39,320
Speaker 3: far too expensive. That's why it's happening anyway. As I

1469
01:06:39,320 --> 01:06:41,680
Speaker 3: say Chris Bishop with US Next News Talk ZB.

1470
01:06:47,400 --> 01:06:48,880
Speaker 2: I don't like bay.

1471
01:06:58,400 --> 01:07:03,720
Speaker 1: Swear Business meets Insight Love Business Hour with Heather Duplicy,

1472
01:07:03,720 --> 01:07:08,000
Speaker 1: Allen and Mass for Insurance Investments and Keilie Safer.

1473
01:07:08,200 --> 01:07:10,080
Speaker 2: You're in good hands News tog.

1474
01:07:10,000 --> 01:07:13,760
Speaker 3: Senb Evening coming up in the next hour, an z's

1475
01:07:13,840 --> 01:07:16,920
Speaker 3: chief economist on her disappointment with the government allowing that

1476
01:07:17,000 --> 01:07:20,240
Speaker 3: class action lawsuit to continue, Shane Solely on the market

1477
01:07:20,280 --> 01:07:22,440
Speaker 3: reaction to the inflation print today, and Gavin Gray on

1478
01:07:22,480 --> 01:07:25,120
Speaker 3: whether Prince Andrew will get punished any further. It's seven

1479
01:07:25,160 --> 01:07:27,240
Speaker 3: past six and standing in for the Finance Minister tonight,

1480
01:07:27,280 --> 01:07:29,560
Speaker 3: we have Chris Bishop, the Associate Finance Minister, and of

1481
01:07:29,560 --> 01:07:33,560
Speaker 3: course the Minister for Housing and transport Alobish. Hello, right,

1482
01:07:33,560 --> 01:07:34,600
Speaker 3: I want to talk to you about the Roads of

1483
01:07:34,680 --> 01:07:37,960
Speaker 3: National Significance announcement today. See you guys are setting aside

1484
01:07:38,040 --> 01:07:40,520
Speaker 3: half a billion dollars to buy up houses where the

1485
01:07:40,560 --> 01:07:42,400
Speaker 3: roads need to go. Seem like a lot.

1486
01:07:44,040 --> 01:07:45,040
Speaker 5: Well, there's a lot of roads.

1487
01:07:45,160 --> 01:07:48,480
Speaker 8: I mean seventeen roads around the country. We've announced a

1488
01:07:48,480 --> 01:07:50,440
Speaker 8: lot of investment cases today. They've all gone through the

1489
01:07:50,440 --> 01:07:52,640
Speaker 8: Transport Agency Board and that's now the next step. It's

1490
01:07:53,000 --> 01:07:56,640
Speaker 8: then the acquisition, that's consenting, it's designations, that's geotech works.

1491
01:07:56,680 --> 01:07:58,160
Speaker 8: There's all the stuff you need to do before you

1492
01:07:58,160 --> 01:07:59,720
Speaker 8: actually build a road. People think you can sort of.

1493
01:07:59,720 --> 01:08:00,800
Speaker 5: Start it tomorrow. You can't.

1494
01:08:01,080 --> 01:08:02,960
Speaker 8: You've got to do all this work, I mean relation

1495
01:08:03,040 --> 01:08:05,680
Speaker 8: to Mount Vick, you know tunnel for example, they're still

1496
01:08:05,720 --> 01:08:08,720
Speaker 8: that a property purchased to go there's East West Link

1497
01:08:08,760 --> 01:08:11,160
Speaker 8: and Auklanders and property purchasing to go to widen corridors

1498
01:08:11,200 --> 01:08:11,840
Speaker 8: and things like that.

1499
01:08:11,920 --> 01:08:13,760
Speaker 5: So yeah, it is quite a bit of money.

1500
01:08:13,800 --> 01:08:15,200
Speaker 8: But then when you you know, you put it in

1501
01:08:15,240 --> 01:08:17,880
Speaker 8: the in the round of the investment we're making and

1502
01:08:17,920 --> 01:08:20,479
Speaker 8: the importance of these roads, it's you know, itice what

1503
01:08:20,479 --> 01:08:20,760
Speaker 8: it is.

1504
01:08:21,000 --> 01:08:22,840
Speaker 3: How many of these roads are going to get told?

1505
01:08:23,920 --> 01:08:25,759
Speaker 5: The starting point for all of them will be tolling.

1506
01:08:26,320 --> 01:08:28,920
Speaker 8: That's a really clear government direction that we will we

1507
01:08:28,960 --> 01:08:31,559
Speaker 8: will look to toll all of them. And the reason

1508
01:08:31,560 --> 01:08:33,559
Speaker 8: for that is it's a revenue stream. That means the

1509
01:08:33,640 --> 01:08:36,880
Speaker 8: road can happen sooner than otherwise would it would you know,

1510
01:08:37,280 --> 01:08:39,200
Speaker 8: it can be brought forward. And then of course it

1511
01:08:39,200 --> 01:08:41,479
Speaker 8: gives you a revenue stream to cover the maintenance costs

1512
01:08:41,479 --> 01:08:43,160
Speaker 8: of the roads as well, because once you've built a road,

1513
01:08:43,200 --> 01:08:44,920
Speaker 8: it's all very well to have it there, but you've

1514
01:08:44,920 --> 01:08:48,440
Speaker 8: got to look after it as well.

1515
01:08:48,640 --> 01:08:48,840
Speaker 18: Well.

1516
01:08:48,880 --> 01:08:51,439
Speaker 8: The toll well, in relation to some of the roads

1517
01:08:51,439 --> 01:08:53,720
Speaker 8: we've already got told, like the toron Eastern Link from

1518
01:08:53,760 --> 01:08:56,280
Speaker 8: memory that's a twenty five year toll started in two

1519
01:08:56,320 --> 01:08:59,000
Speaker 8: thy and ten, I think from memories of about fifteen

1520
01:08:59,040 --> 01:09:01,800
Speaker 8: years into it, so you roll them out for twenty

1521
01:09:01,800 --> 01:09:04,720
Speaker 8: five or thirty year period. But I want to be

1522
01:09:04,760 --> 01:09:07,320
Speaker 8: really clear that tolling's not a magic money tree. Like

1523
01:09:07,320 --> 01:09:10,400
Speaker 8: people sort of think tolling covers everything in a road.

1524
01:09:10,560 --> 01:09:12,840
Speaker 5: It doesn't. It covers some of the cost of it,

1525
01:09:12,880 --> 01:09:14,000
Speaker 5: but it doesn't cover all of it.

1526
01:09:14,120 --> 01:09:17,000
Speaker 3: Okay, did you like Labour's future Fund.

1527
01:09:18,439 --> 01:09:20,400
Speaker 5: I thought it was a bit of a brain fart

1528
01:09:20,400 --> 01:09:21,080
Speaker 5: put to paper.

1529
01:09:21,200 --> 01:09:22,920
Speaker 8: I mean honestly, like I had a read of it,

1530
01:09:22,960 --> 01:09:25,519
Speaker 8: like there's more detail in my Uber Eats order than

1531
01:09:25,560 --> 01:09:27,799
Speaker 8: there is and what they put in their document. I mean, honestly,

1532
01:09:28,560 --> 01:09:32,480
Speaker 8: it's just it's eleven pages of three of them a photos.

1533
01:09:32,760 --> 01:09:34,479
Speaker 8: One of them is like something that you take out

1534
01:09:34,520 --> 01:09:36,639
Speaker 8: of a clip up manual and check on the front page.

1535
01:09:36,760 --> 01:09:39,800
Speaker 8: I mean, honestly, there's nothing there. There's just literally nothing there.

1536
01:09:39,880 --> 01:09:40,839
Speaker 8: Reads like chet GPT.

1537
01:09:40,960 --> 01:09:42,720
Speaker 3: You know it's a crappy idea because what it is

1538
01:09:42,720 --> 01:09:45,280
Speaker 3: is it's a good idea. The Singaporean idea is a

1539
01:09:45,320 --> 01:09:46,800
Speaker 3: good idea, but then they hobble it in the way

1540
01:09:46,840 --> 01:09:49,000
Speaker 3: that only Labor is able to. But do you like

1541
01:09:49,080 --> 01:09:51,479
Speaker 3: the Singaporean idea that it's based on, which is that

1542
01:09:51,880 --> 01:09:54,639
Speaker 3: you put all the state assets into a fund that's

1543
01:09:54,680 --> 01:09:57,400
Speaker 3: independently managed and we don't have an emotional connection to it.

1544
01:09:57,479 --> 01:09:59,120
Speaker 3: They can sell and buy and do whatever.

1545
01:10:00,080 --> 01:10:01,439
Speaker 5: It's the it's the opposite of Timisi.

1546
01:10:01,600 --> 01:10:05,160
Speaker 8: So TMR Sik, for example, allows the assets owned by

1547
01:10:05,200 --> 01:10:06,160
Speaker 8: the company to be sold.

1548
01:10:06,280 --> 01:10:07,280
Speaker 5: Labor said they won't do that.

1549
01:10:07,400 --> 01:10:09,400
Speaker 8: And it also says that you can invest overseas, and

1550
01:10:09,479 --> 01:10:11,120
Speaker 8: Labor said, you won't invest overseas.

1551
01:10:11,160 --> 01:10:12,320
Speaker 5: Well, they only invest in New Zealand.

1552
01:10:12,400 --> 01:10:14,680
Speaker 8: So it's like it's like literally the opposite of the

1553
01:10:14,680 --> 01:10:19,720
Speaker 8: Temasik model. It's like appalling defamation of the single Poreans frankly.

1554
01:10:21,240 --> 01:10:23,320
Speaker 5: To say that, it's like, it's not like that.

1555
01:10:23,560 --> 01:10:25,880
Speaker 3: No, they've taken a good idea and they've they've ruined it.

1556
01:10:25,920 --> 01:10:28,240
Speaker 3: But do you like the original good idea? Could you

1557
01:10:28,240 --> 01:10:29,719
Speaker 3: guys do the original good idea?

1558
01:10:30,360 --> 01:10:32,160
Speaker 8: Well, it's been kicked around a bit in the past,

1559
01:10:32,160 --> 01:10:34,439
Speaker 8: and you know, I think Shane Jones did a bit

1560
01:10:34,479 --> 01:10:35,800
Speaker 8: of work on it when he was in government with

1561
01:10:35,880 --> 01:10:38,160
Speaker 8: later last time. You know, it's not the world's worst

1562
01:10:38,160 --> 01:10:40,599
Speaker 8: idea and you know, we do want to see investment

1563
01:10:40,640 --> 01:10:42,600
Speaker 8: grow in New Zealand, there's no no doubt about that.

1564
01:10:42,760 --> 01:10:44,720
Speaker 8: But this is this is not I mean there's no

1565
01:10:44,800 --> 01:10:47,519
Speaker 8: numbers to this, there's no detail, there's no policy, there's

1566
01:10:47,520 --> 01:10:49,680
Speaker 8: just nothing. It's just a pile of words on a

1567
01:10:49,680 --> 01:10:51,080
Speaker 8: piece of paper, that's all it is.

1568
01:10:51,240 --> 01:10:53,040
Speaker 3: How are you going to compromise with Act on the

1569
01:10:53,040 --> 01:10:53,800
Speaker 3: surcharge ban.

1570
01:10:55,760 --> 01:10:58,479
Speaker 8: We're not intending to change the position the government position

1571
01:10:58,560 --> 01:11:01,120
Speaker 8: on the surcharge ban. The almost commissions come out and

1572
01:11:01,120 --> 01:11:04,920
Speaker 8: as drastically lowered the interchange fees that retailers will be paying,

1573
01:11:04,960 --> 01:11:07,439
Speaker 8: and what we're doing on the surcharge ban is making

1574
01:11:07,479 --> 01:11:10,360
Speaker 8: sure that those costs get passed on to consumers.

1575
01:11:10,560 --> 01:11:13,320
Speaker 3: Okay, are you open to get and getting rid of

1576
01:11:13,320 --> 01:11:13,839
Speaker 3: the BSA?

1577
01:11:16,680 --> 01:11:18,439
Speaker 8: Well, I think it's worth it's worth having a look

1578
01:11:18,439 --> 01:11:20,760
Speaker 8: at what's gone on here. I mean I think you know,

1579
01:11:20,760 --> 01:11:22,800
Speaker 8: I had I saw the stuff over the weekend about

1580
01:11:22,840 --> 01:11:24,840
Speaker 8: you know, Sean Plunkett's operation and is it.

1581
01:11:24,760 --> 01:11:25,800
Speaker 5: A broadcaster or is it not?

1582
01:11:25,920 --> 01:11:28,360
Speaker 8: I mean, look, the problem is the laws just out

1583
01:11:28,360 --> 01:11:30,120
Speaker 8: of date, right, you know it was it was written

1584
01:11:30,160 --> 01:11:32,559
Speaker 8: in nineteen eighty nine. I think is the Broadcasting Act

1585
01:11:32,920 --> 01:11:35,400
Speaker 8: back then you know you had terrestrial TV and you

1586
01:11:35,439 --> 01:11:37,200
Speaker 8: know Sky was coming, and you know.

1587
01:11:37,160 --> 01:11:38,800
Speaker 5: Eventually we included that and that was that.

1588
01:11:38,840 --> 01:11:41,400
Speaker 8: Well, now you know you've got engineers and you've got

1589
01:11:41,640 --> 01:11:43,680
Speaker 8: the platform, and you've got all these other shows that

1590
01:11:43,760 --> 01:11:45,120
Speaker 8: so the law is just a bit out of date,

1591
01:11:45,280 --> 01:11:47,560
Speaker 8: and you know we're going to gold is going to

1592
01:11:47,560 --> 01:11:48,800
Speaker 8: have a look at it, Paul Goldsmith, and this is

1593
01:11:48,800 --> 01:11:49,240
Speaker 8: going to have a lot.

1594
01:11:49,520 --> 01:11:51,080
Speaker 3: Please tell me you're not going to give the BSA

1595
01:11:51,160 --> 01:11:51,960
Speaker 3: greater powers.

1596
01:11:53,520 --> 01:11:55,680
Speaker 8: I don't think that's the intention of government policy. No,

1597
01:11:55,880 --> 01:11:57,360
Speaker 8: I mean it's possible it will.

1598
01:11:57,240 --> 01:12:00,000
Speaker 3: Be abolished, rolled into the Media Council or something like that.

1599
01:12:00,920 --> 01:12:03,000
Speaker 8: Well, we're just going to figure out exactly what's happened here,

1600
01:12:03,000 --> 01:12:05,840
Speaker 8: because they seem to have asserted a power that many

1601
01:12:05,880 --> 01:12:09,000
Speaker 8: people don't think that they have right and why they've

1602
01:12:09,040 --> 01:12:12,640
Speaker 8: done that is, you know, unclear Frankly, So gold is

1603
01:12:12,640 --> 01:12:14,000
Speaker 8: having a good look at it, and I.

1604
01:12:13,920 --> 01:12:16,559
Speaker 3: Think we weren't giving them enough work anymore. That's the problem.

1605
01:12:16,640 --> 01:12:17,280
Speaker 3: They were bored.

1606
01:12:18,800 --> 01:12:21,200
Speaker 8: Do you think, well that people make complaints of the

1607
01:12:21,200 --> 01:12:22,960
Speaker 8: BSA all the time, you would have believed what people

1608
01:12:23,040 --> 01:12:27,000
Speaker 8: complain about on TV unbelievable. Oh so they published the

1609
01:12:27,000 --> 01:12:30,240
Speaker 8: results the complaints sometimes and they deal with them.

1610
01:12:30,520 --> 01:12:31,200
Speaker 5: People can play.

1611
01:12:31,040 --> 01:12:34,760
Speaker 3: About all sorts of believe what they uphold. Bish, it's ridiculous.

1612
01:12:36,000 --> 01:12:38,120
Speaker 5: Now did you like that? You know more about it

1613
01:12:38,120 --> 01:12:39,439
Speaker 5: than I was, and I do.

1614
01:12:39,840 --> 01:12:41,639
Speaker 3: Did you like that fresh water pole that came out

1615
01:12:41,680 --> 01:12:44,120
Speaker 3: last week that said that you were the successor in waiting.

1616
01:12:45,800 --> 01:12:47,240
Speaker 5: I don't pay much attention to that stuff.

1617
01:12:47,680 --> 01:12:48,240
Speaker 3: Whatever.

1618
01:12:49,080 --> 01:12:51,040
Speaker 8: No, I'm just head down, bump up on my portfolio.

1619
01:12:51,120 --> 01:12:53,280
Speaker 8: I've got seven things, seven portfolios I'm working on.

1620
01:12:53,320 --> 01:12:56,559
Speaker 3: Okay, So you're not the next National Party prime minister,

1621
01:12:56,640 --> 01:12:57,519
Speaker 3: then are you? Bish?

1622
01:12:57,640 --> 01:13:00,000
Speaker 8: We have a prime minister and he's doing a great job,

1623
01:13:00,080 --> 01:13:01,519
Speaker 8: and we've all just got to get him behind him

1624
01:13:01,520 --> 01:13:03,920
Speaker 8: and the team and make sure we get the recovery underway.

1625
01:13:04,040 --> 01:13:06,719
Speaker 3: Okay. Is there any chance that you would be open

1626
01:13:06,800 --> 01:13:09,840
Speaker 3: to the AA's idea of bumping up the level of

1627
01:13:09,920 --> 01:13:11,920
Speaker 3: fines that we pay in this country significantly?

1628
01:13:12,720 --> 01:13:13,920
Speaker 5: Yeah, we're going to have a look at that.

1629
01:13:14,200 --> 01:13:17,080
Speaker 8: Give you an example, if you go ten k over

1630
01:13:17,120 --> 01:13:18,760
Speaker 8: the speed limit, it's a thirty dollar fine.

1631
01:13:19,160 --> 01:13:20,360
Speaker 5: Well guess when.

1632
01:13:20,200 --> 01:13:22,920
Speaker 3: That level was set nineteen ninety nine.

1633
01:13:23,400 --> 01:13:27,519
Speaker 8: Nineteen eighty eight. No, yes, so most of them were

1634
01:13:27,520 --> 01:13:29,360
Speaker 8: set in ninety nine, so you're part right. But the

1635
01:13:29,880 --> 01:13:32,559
Speaker 8: thirty bucks for going eight k over the speed limit

1636
01:13:32,920 --> 01:13:35,719
Speaker 8: was set in nineteen eighty eight, which is thirty seven

1637
01:13:35,800 --> 01:13:36,320
Speaker 8: years ago.

1638
01:13:36,200 --> 01:13:39,920
Speaker 5: And during that time, well, we're having a look at it.

1639
01:13:39,920 --> 01:13:41,880
Speaker 8: It was actually part of a piece of work we've

1640
01:13:41,880 --> 01:13:44,280
Speaker 8: got underway already is to look at the fines and

1641
01:13:44,760 --> 01:13:47,439
Speaker 8: you lift them because they have got massively out of step.

1642
01:13:47,479 --> 01:13:49,800
Speaker 8: And you know, I think people, you know, no one

1643
01:13:49,840 --> 01:13:51,960
Speaker 8: likes paying fines obviously, but you need them there to

1644
01:13:52,000 --> 01:13:53,760
Speaker 8: make sure that people do keep to the speed limit

1645
01:13:53,840 --> 01:13:55,840
Speaker 8: and you know, where your seat belt and you you know,

1646
01:13:55,920 --> 01:13:57,799
Speaker 8: don't look at your phone while they're driving all that stuff.

1647
01:13:58,080 --> 01:13:59,880
Speaker 5: So some of these things are now wildly out of

1648
01:14:00,200 --> 01:14:01,360
Speaker 5: and they're miles.

1649
01:14:01,040 --> 01:14:03,439
Speaker 8: Out of date with you know, say Victoria and in

1650
01:14:03,600 --> 01:14:05,920
Speaker 8: Australia for example, it's like from memory, it's like five

1651
01:14:06,000 --> 01:14:08,240
Speaker 8: hundred bucks if you get caught with your phone on Victoria.

1652
01:14:07,960 --> 01:14:10,080
Speaker 8: And so I'm not saying we're going to head to

1653
01:14:10,080 --> 01:14:11,479
Speaker 8: that level, you know, but we're going to have a

1654
01:14:11,479 --> 01:14:13,679
Speaker 8: good look at it, and so that works underway.

1655
01:14:13,680 --> 01:14:13,840
Speaker 5: Now.

1656
01:14:13,880 --> 01:14:15,479
Speaker 3: Listen, I've got an idea for you, okay, because I

1657
01:14:15,479 --> 01:14:18,080
Speaker 3: know you're trying to find money all the time, you know,

1658
01:14:18,200 --> 01:14:20,800
Speaker 3: and get rid of wastage. How about ditching the fees

1659
01:14:20,880 --> 01:14:21,599
Speaker 3: free policy.

1660
01:14:23,520 --> 01:14:25,280
Speaker 5: Yeah, well it didn't work, did it. I mean Labor

1661
01:14:25,280 --> 01:14:25,640
Speaker 5: put it on.

1662
01:14:25,680 --> 01:14:27,720
Speaker 8: Do you remember back back in twenty eighteen, I think

1663
01:14:27,760 --> 01:14:29,160
Speaker 8: it was Chris Hip and said, oh, it's going to

1664
01:14:29,200 --> 01:14:32,000
Speaker 8: be great, this great progressive move is going to raise participation.

1665
01:14:32,040 --> 01:14:34,800
Speaker 8: Will numbers actually went down after they introduced it, So

1666
01:14:34,840 --> 01:14:37,240
Speaker 8: we said that, Well, we did a deal with New

1667
01:14:37,280 --> 01:14:38,960
Speaker 8: Zealand first and said, look, well let's make it the

1668
01:14:38,960 --> 01:14:41,360
Speaker 8: third year because at least that makes some logical sense, right,

1669
01:14:41,400 --> 01:14:43,559
Speaker 8: Like you get kids into university and then you want

1670
01:14:43,560 --> 01:14:45,280
Speaker 8: to make sure they finish off the third year, which

1671
01:14:45,320 --> 01:14:47,360
Speaker 8: is you know, your BA or your b com or whatever.

1672
01:14:48,080 --> 01:14:50,200
Speaker 8: So at least your third year makes it makes sense

1673
01:14:50,240 --> 01:14:51,920
Speaker 8: to keep kids at it because there is a bit

1674
01:14:51,920 --> 01:14:54,920
Speaker 8: of a drop off, so, you know, no doubt. Well

1675
01:14:54,920 --> 01:14:55,960
Speaker 8: that's the position at the moment.

1676
01:14:56,000 --> 01:14:59,120
Speaker 3: But the Ministry they just did a report last week

1677
01:14:59,160 --> 01:15:00,840
Speaker 3: and they said even that not working and it's just

1678
01:15:00,880 --> 01:15:03,200
Speaker 3: a dead weight policy. It's literally we're just wasting money.

1679
01:15:04,439 --> 01:15:07,120
Speaker 8: Yeah, well, it's a form of student support that is

1680
01:15:07,200 --> 01:15:09,439
Speaker 8: great for the kids who kids keep saying their kids

1681
01:15:09,439 --> 01:15:10,880
Speaker 8: and not all of them the kids. Great for the

1682
01:15:11,360 --> 01:15:14,360
Speaker 8: people who get it, students who get it, but of

1683
01:15:14,360 --> 01:15:16,519
Speaker 8: course there are trade offs with all of the stuff, right,

1684
01:15:16,560 --> 01:15:18,519
Speaker 8: so it's money that you can't spend on, you know,

1685
01:15:18,560 --> 01:15:22,000
Speaker 8: for example, improving the overall tertiary education system, focusing on

1686
01:15:22,040 --> 01:15:24,200
Speaker 8: teaching and research and all the things that you go

1687
01:15:24,280 --> 01:15:26,640
Speaker 8: to university for. So we actually have one of the

1688
01:15:26,640 --> 01:15:29,599
Speaker 8: most generous student support schemes in the Western world. From memory,

1689
01:15:29,600 --> 01:15:32,120
Speaker 8: were second in the OECD in terms of student support,

1690
01:15:33,160 --> 01:15:35,000
Speaker 8: you know, because you've got interest for student loans as well,

1691
01:15:35,040 --> 01:15:39,919
Speaker 8: and student allowances and interest, you know, grants for students

1692
01:15:40,439 --> 01:15:41,639
Speaker 8: that aren't inflation adjusted.

1693
01:15:41,720 --> 01:15:44,640
Speaker 5: So well, let's have a look at it. I'm not

1694
01:15:44,720 --> 01:15:45,200
Speaker 5: ruling it out.

1695
01:15:45,320 --> 01:15:47,240
Speaker 3: I like that, Thank you Bush. I appreciate that. Chris

1696
01:15:47,240 --> 01:15:49,799
Speaker 3: Bishop Associate Finance Minister and Minister of Housing and Transport

1697
01:15:49,800 --> 01:15:51,040
Speaker 3: as well. It's going to take a look at it.

1698
01:15:51,760 --> 01:15:53,400
Speaker 3: Happy days. I hate that policy.

1699
01:15:53,479 --> 01:15:57,920
Speaker 1: Sixteen past six it's the head Duplasy Alan Drive full

1700
01:15:58,000 --> 01:16:01,400
Speaker 1: show podcast on I Hardread were empowered by news dog

1701
01:16:01,479 --> 01:16:03,320
Speaker 1: Zibbie Heather.

1702
01:16:03,680 --> 01:16:06,920
Speaker 3: Very good interview. Chris Bishop is very good. He should

1703
01:16:06,920 --> 01:16:09,240
Speaker 3: be the leader, Heather. Chris Bishop is way above some

1704
01:16:09,280 --> 01:16:12,680
Speaker 3: other people's communication skills. Thank you, Cheryl Heather Besh with

1705
01:16:12,720 --> 01:16:14,679
Speaker 3: a new haircut equals new prime minister.

1706
01:16:14,920 --> 01:16:15,280
Speaker 1: Mmmm.

1707
01:16:15,880 --> 01:16:18,280
Speaker 3: Conrad connected the dots that I was in, Well come

1708
01:16:18,320 --> 01:16:20,400
Speaker 3: back to I don't want to stir in the post

1709
01:16:20,520 --> 01:16:22,360
Speaker 3: is doing all the stirring. And if you don't read

1710
01:16:22,400 --> 01:16:24,559
Speaker 3: the post and you want to read some stirring, go

1711
01:16:24,600 --> 01:16:26,920
Speaker 3: and read the post. They are stirring this one like

1712
01:16:27,000 --> 01:16:29,559
Speaker 3: you wouldn't believe. But I'm all I'm saying is I'm

1713
01:16:29,560 --> 01:16:31,599
Speaker 3: not going to stir I'm just going to leave it there.

1714
01:16:31,640 --> 01:16:33,600
Speaker 3: There's a new haircut. We will well come back to

1715
01:16:33,600 --> 01:16:36,479
Speaker 3: that in the weeks to come. Nineteen past six. Shane Soley,

1716
01:16:36,520 --> 01:16:39,240
Speaker 3: Harbor Asset Management is with me. Now, hey Shane, hello

1717
01:16:39,320 --> 01:16:40,840
Speaker 3: you that now what did the market make of that

1718
01:16:40,960 --> 01:16:41,880
Speaker 3: CPI print?

1719
01:16:42,800 --> 01:16:45,400
Speaker 22: Yeah, so the third quarter CPIRO is one percent in

1720
01:16:45,479 --> 01:16:47,240
Speaker 22: quarter or quarter, there is a little bit above the

1721
01:16:47,280 --> 01:16:49,280
Speaker 22: market expected and a little bit above the reserve back

1722
01:16:49,320 --> 01:16:51,960
Speaker 22: in his own numbers, but it is at the top

1723
01:16:52,000 --> 01:16:54,679
Speaker 22: of the reserve banks range at three percent. The key

1724
01:16:54,680 --> 01:16:56,920
Speaker 22: thing is upside rested and eventuate the mark was a

1725
01:16:56,960 --> 01:16:59,439
Speaker 22: bit way that we actually could have been high and

1726
01:16:59,520 --> 01:17:02,360
Speaker 22: really import the core measures in inflation they were pretty stable,

1727
01:17:02,600 --> 01:17:05,960
Speaker 22: is pection fact slightly lower, So you know, we think

1728
01:17:06,040 --> 01:17:08,720
Speaker 22: the Reserve Bank will look through the cpiding at the

1729
01:17:08,760 --> 01:17:11,680
Speaker 22: top of the range. We certainly think it's sort of

1730
01:17:11,720 --> 01:17:14,479
Speaker 22: rear vision stuff for the Reserve Bank and if anything,

1731
01:17:14,479 --> 01:17:17,360
Speaker 22: it might be released. So interest rates, certainly we're seeing

1732
01:17:17,360 --> 01:17:20,960
Speaker 22: today's leaves the door open for the Reserve Bank to

1733
01:17:21,000 --> 01:17:23,720
Speaker 22: cut rates in November. We've got some employment stats in

1734
01:17:23,760 --> 01:17:26,439
Speaker 22: November that it might be the key to that cuts.

1735
01:17:26,479 --> 01:17:30,040
Speaker 22: But markets interest rates on New Zonale gunment bonds increase

1736
01:17:30,120 --> 01:17:32,680
Speaker 22: slightly after the CPO release, and the New Zealand share

1737
01:17:32,680 --> 01:17:35,960
Speaker 22: marker was actually up zero point four percent, led by

1738
01:17:36,000 --> 01:17:38,719
Speaker 22: a fishing pike or up on airport Mercury contact ryman.

1739
01:17:38,800 --> 01:17:41,519
Speaker 22: So market was sort of pretty meth about it all.

1740
01:17:41,840 --> 01:17:45,160
Speaker 3: Was the market surprised by Infratil increasing its stake in contact.

1741
01:17:45,520 --> 01:17:48,599
Speaker 22: Yeah, that was a surprise. So in Prittil bought another

1742
01:17:48,640 --> 01:17:51,320
Speaker 22: four point nine percent of contact energy from tect that's

1743
01:17:51,360 --> 01:17:53,880
Speaker 22: the tower on a Western Bay of Plenty Charitable Trust.

1744
01:17:54,880 --> 01:17:58,360
Speaker 22: The Infertil team paid just tender four and forty million

1745
01:17:58,400 --> 01:18:01,080
Speaker 22: dollars or eight ninety five a year for that stop

1746
01:18:01,120 --> 01:18:04,840
Speaker 22: from TechEd. They used two lndred and twenty million of

1747
01:18:05,200 --> 01:18:08,439
Speaker 22: cash from existing deck basically and they used another turning

1748
01:18:08,479 --> 01:18:12,360
Speaker 22: twenty million from issuing new in Fatil shoes to TCT

1749
01:18:12,479 --> 01:18:15,840
Speaker 22: at twelve forty three, so that she increases Infatil shield

1750
01:18:15,880 --> 01:18:20,920
Speaker 22: into fourteen point three percent. Quite a large increase. Busy

1751
01:18:20,960 --> 01:18:24,599
Speaker 22: time for Infatil Heather. They've also been roomored or report

1752
01:18:24,720 --> 01:18:27,360
Speaker 22: surface in Australia camera datas in. This business is about

1753
01:18:27,439 --> 01:18:30,240
Speaker 22: to do a deal with open II, so they'd be

1754
01:18:30,280 --> 01:18:32,920
Speaker 22: quite a chunky increase in datas in the use. So

1755
01:18:32,960 --> 01:18:35,000
Speaker 22: we sort of contact share price up one percent to

1756
01:18:35,120 --> 01:18:37,920
Speaker 22: nine dollars fifteen and the Infidel share price down a

1757
01:18:37,920 --> 01:18:39,479
Speaker 22: half a percent to twelve thirty seven.

1758
01:18:40,240 --> 01:18:42,080
Speaker 3: Shan, it's been it's going to be a big week,

1759
01:18:42,280 --> 01:18:45,920
Speaker 3: a big, big week rather for the annual share holder

1760
01:18:46,000 --> 01:18:48,080
Speaker 3: meetings and so on. What should we be looking for

1761
01:18:48,120 --> 01:18:49,519
Speaker 3: here now?

1762
01:18:50,320 --> 01:18:52,839
Speaker 22: Look any shared of meetings that they are more interesting

1763
01:18:52,880 --> 01:18:55,479
Speaker 22: than they were in the past. It's a great opportunity

1764
01:18:55,479 --> 01:18:57,519
Speaker 22: for people to engage with companies. We've got ten companies

1765
01:18:57,520 --> 01:19:00,720
Speaker 22: reporting this week with two in turns and you're short

1766
01:19:00,760 --> 01:19:02,919
Speaker 22: of meetings. Today we had a special meeting from Investor,

1767
01:19:03,000 --> 01:19:05,960
Speaker 22: which is the property owner their resolutions will pass. They're

1768
01:19:06,040 --> 01:19:09,559
Speaker 22: particularly buying the Silverdale Center and an Aukland from Stride

1769
01:19:09,560 --> 01:19:12,759
Speaker 22: Property and some changes to its management contract went through tomorrow.

1770
01:19:12,920 --> 01:19:16,320
Speaker 22: Meridian Property for Industry Wednesday for to building, Michael Hill

1771
01:19:16,360 --> 01:19:19,320
Speaker 22: Still and subed Winton Thursday, Ork on the airport and

1772
01:19:19,360 --> 01:19:22,519
Speaker 22: scale up and Friday Tourism holdings. And what we're looking

1773
01:19:22,560 --> 01:19:25,719
Speaker 22: for here is company management teams are pretty pretty cautious

1774
01:19:25,760 --> 01:19:28,719
Speaker 22: in their outlook statements over the August profit results season,

1775
01:19:29,160 --> 01:19:31,320
Speaker 22: so we're looking to see if that caution has reduced

1776
01:19:31,960 --> 01:19:34,680
Speaker 22: some of the economic and trade risks falling away, and

1777
01:19:34,760 --> 01:19:37,479
Speaker 22: whether that green shoots that some companies are talking about

1778
01:19:37,479 --> 01:19:40,080
Speaker 22: have kept on growing. So yeah, it's an important time.

1779
01:19:40,160 --> 01:19:42,519
Speaker 3: Yeah very much. So Hey, thanks very much, Shane, appreciate it, Shane,

1780
01:19:42,600 --> 01:19:45,880
Speaker 3: Solly Harbor Asset Management, Heather, you and Chris Bishop should

1781
01:19:45,880 --> 01:19:49,360
Speaker 3: get a room. Heather, very refreshing to hear a minister

1782
01:19:49,360 --> 01:19:51,559
Speaker 3: who understands policy. Happily, We'll listen to you and Chris

1783
01:19:51,600 --> 01:19:54,320
Speaker 3: Bishop all day long. On you. Thank you. Six twenty two.

1784
01:19:54,880 --> 01:19:58,639
Speaker 1: Everything from SMEs it's a little big corporates, double business

1785
01:19:58,640 --> 01:20:02,600
Speaker 1: our where the Heather duple Ellen and Mass for Insurance

1786
01:20:02,800 --> 01:20:06,280
Speaker 1: investments and Juye safer, You're in good hands news.

1787
01:20:06,160 --> 01:20:08,439
Speaker 3: Tog said, be yeah, the Chippy's just flying a kite.

1788
01:20:08,479 --> 01:20:11,800
Speaker 3: Singapore's holding company is called Timarsek Holdings. Its value is

1789
01:20:11,840 --> 01:20:14,280
Speaker 3: four hundred and thirty four billions Singaporean dollars. It has

1790
01:20:14,280 --> 01:20:17,920
Speaker 3: fourteen offices in ten countries. The exposure is twenty seven

1791
01:20:17,920 --> 01:20:20,320
Speaker 3: percent in Singapore, twenty four percent in the America, is

1792
01:20:20,360 --> 01:20:23,639
Speaker 3: an eighteen percent in China. It has holdings in Singapore Airlines,

1793
01:20:23,680 --> 01:20:26,439
Speaker 3: Catha Pacific, Black Rock, Visa, MasterCard and Video and on.

1794
01:20:26,560 --> 01:20:29,040
Speaker 3: It goes hardly a government owning assets for the people,

1795
01:20:29,240 --> 01:20:31,559
Speaker 3: although it does do that. I think I think we've

1796
01:20:31,600 --> 01:20:33,439
Speaker 3: struck the problem. I mean, at the heart of it.

1797
01:20:33,479 --> 01:20:36,720
Speaker 3: The problem that Chippy's got here is that Chippy is

1798
01:20:36,720 --> 01:20:39,360
Speaker 3: trying to get something that is supposed to do one

1799
01:20:39,400 --> 01:20:41,559
Speaker 3: thing to do the opposite thing, you know what I mean.

1800
01:20:41,640 --> 01:20:44,600
Speaker 3: Like as as Chris Bishop said, it's the opposite of

1801
01:20:44,600 --> 01:20:46,960
Speaker 3: Timarsek that he is setting up here. Because Tamarsik is

1802
01:20:46,960 --> 01:20:49,120
Speaker 3: supposed to be independent and just go for it, just

1803
01:20:49,160 --> 01:20:52,320
Speaker 3: make as much money as possible using government assets. Chippy

1804
01:20:52,360 --> 01:20:54,519
Speaker 3: wants to play all kinds of funny little games. Hey,

1805
01:20:55,960 --> 01:20:58,920
Speaker 3: excuse me, did you had to do a quick cough?

1806
01:20:59,840 --> 01:21:02,320
Speaker 3: The what in the weekend papers the Oxford Union as

1807
01:21:02,360 --> 01:21:04,840
Speaker 3: in the Oxford Union debating people. They are in a

1808
01:21:04,880 --> 01:21:08,040
Speaker 3: bit of trouble because they've elected a president. He's not

1809
01:21:08,080 --> 01:21:10,040
Speaker 3: the president yet, he's due to take over. His name

1810
01:21:10,120 --> 01:21:15,439
Speaker 3: is George abboreone, whatever he has. He's in trouble because

1811
01:21:15,439 --> 01:21:17,800
Speaker 3: he appears to have been very excited about the fact

1812
01:21:17,840 --> 01:21:20,599
Speaker 3: that Charlie Kirk has died. He was celebrating his death.

1813
01:21:20,840 --> 01:21:23,600
Speaker 3: As a result of that, people have started to hold donations.

1814
01:21:23,640 --> 01:21:27,040
Speaker 3: One person's put a five hundred thousand pound donation on hold,

1815
01:21:27,240 --> 01:21:30,040
Speaker 3: and also sources have told The Telegraph that as many

1816
01:21:30,040 --> 01:21:32,679
Speaker 3: as forty speakers have pulled out from scheduled events this year,

1817
01:21:32,880 --> 01:21:35,040
Speaker 3: many of them citing his comments as the reason. And

1818
01:21:35,120 --> 01:21:40,280
Speaker 3: those speakers include Candice Owens, Calvin Klein, Serena Williams and

1819
01:21:40,360 --> 01:21:43,880
Speaker 3: Jacinda A Dern, New Zealand's former Prime Minister. Twenty seven

1820
01:21:43,920 --> 01:21:44,400
Speaker 3: bar six.

1821
01:21:45,080 --> 01:21:56,679
Speaker 1: There's no business like show business.

1822
01:21:51,680 --> 01:21:55,240
Speaker 3: As Ryan Adams reckons, he's done with international shows and

1823
01:21:55,280 --> 01:21:57,519
Speaker 3: if you called his shows here in New Zealand, yea

1824
01:21:57,640 --> 01:21:59,439
Speaker 3: for you, because it'll be the last of them. He

1825
01:21:59,520 --> 01:22:01,920
Speaker 3: just finished tour with the three concerts in New Zealand.

1826
01:22:01,920 --> 01:22:05,160
Speaker 3: His final one was in Auckland on Saturday night. On Instagram,

1827
01:22:05,200 --> 01:22:09,040
Speaker 3: he wrote afterwards, quote my very last show oversees what

1828
01:22:09,200 --> 01:22:12,599
Speaker 3: a dream. God bless you Auckland. Now, some fans were

1829
01:22:12,640 --> 01:22:15,040
Speaker 3: a little bit worried because his behavior on stage was

1830
01:22:15,080 --> 01:22:19,200
Speaker 3: apparently a weadit erratic. So a Wellington concertgoer told Adams'

1831
01:22:19,280 --> 01:22:23,240
Speaker 3: fans on Reddit that the artist appeared unsettled amidst his performance.

1832
01:22:23,560 --> 01:22:26,880
Speaker 3: Apparently there were a few drunken rants, and the person said,

1833
01:22:26,960 --> 01:22:29,240
Speaker 3: I've never seen a performer behave like that before, and

1834
01:22:29,320 --> 01:22:33,160
Speaker 3: I hope someone keeps him safe tonight. Before he came here,

1835
01:22:33,240 --> 01:22:35,280
Speaker 3: he played in Australia, where he really didn't have a

1836
01:22:35,280 --> 01:22:37,720
Speaker 3: good time. He described Australia as the worst country ever

1837
01:22:39,479 --> 01:22:42,200
Speaker 3: every time to play. He says, whatever that means. I

1838
01:22:42,280 --> 01:22:44,040
Speaker 3: hope that's not a direct quote, because it must be.

1839
01:22:44,120 --> 01:22:46,240
Speaker 3: He must have been drunk when he wrote that sentence anyway,

1840
01:22:46,240 --> 01:22:48,559
Speaker 3: But I hated Australia, and let's be honest, if you

1841
01:22:48,600 --> 01:22:50,840
Speaker 3: go to the northern suburbs of Melbourne, you probably hate

1842
01:22:50,840 --> 01:22:53,960
Speaker 3: Australia too. This all makes him sound very unhinged. But

1843
01:22:54,560 --> 01:22:57,479
Speaker 3: Carrie's producer Helen was in the crowd on Saturday night

1844
01:22:57,520 --> 01:22:59,880
Speaker 3: and she said it's not that bad. She said she

1845
01:23:00,000 --> 01:23:02,680
Speaker 3: he loved it. People just do not get him in

1846
01:23:02,720 --> 01:23:05,479
Speaker 3: a way that many people do not get drunk men

1847
01:23:05,960 --> 01:23:09,320
Speaker 3: who are on stage. I don't get drunk men. I

1848
01:23:09,320 --> 01:23:11,120
Speaker 3: don't like this at all. I don't want to I

1849
01:23:11,160 --> 01:23:12,920
Speaker 3: don't want to be okay with this behavior. But anyway,

1850
01:23:12,960 --> 01:23:15,160
Speaker 3: there you go. So it's either one of two things

1851
01:23:15,240 --> 01:23:17,840
Speaker 3: is happening here. Either Ryan got very drunk and sets

1852
01:23:17,840 --> 01:23:20,160
Speaker 3: of stuff and it's not real. Or Ryan really did

1853
01:23:20,160 --> 01:23:22,200
Speaker 3: play his last concert in Auckland and you're very happy

1854
01:23:22,200 --> 01:23:24,439
Speaker 3: that you went there. Anyway, AMC is going to be

1855
01:23:24,479 --> 01:23:26,240
Speaker 3: with us next. We're going to talk about they've had

1856
01:23:26,240 --> 01:23:28,559
Speaker 3: the rug pulled out from under them by the government

1857
01:23:28,600 --> 01:23:30,439
Speaker 3: and they do not sound like they're happy about this.

1858
01:23:30,520 --> 01:23:33,479
Speaker 3: So let's talk to the two executive newsfuls have been.

1859
01:23:39,080 --> 01:23:41,680
Speaker 1: If it's to do with money, it matters to you

1860
01:23:42,200 --> 01:23:46,120
Speaker 1: The Business Hour with Header Duplicy Allen and Mas for

1861
01:23:46,280 --> 01:23:49,839
Speaker 1: Insurance Investments and Huiye Saber and you're in good hands

1862
01:23:50,120 --> 01:23:51,040
Speaker 1: news talks. The'd be.

1863
01:23:56,720 --> 01:23:59,479
Speaker 3: Like when Brian Adams was at the mount Last Hour

1864
01:23:59,640 --> 01:24:02,080
Speaker 3: he was amazing. Do you know that the boss went

1865
01:24:02,120 --> 01:24:04,479
Speaker 3: to Las Vegas? This is one of the perks of

1866
01:24:04,520 --> 01:24:06,559
Speaker 3: being the boss over here. I'm not even talking about

1867
01:24:06,600 --> 01:24:09,120
Speaker 3: the chief executive, by the way. It was the chief

1868
01:24:09,160 --> 01:24:13,160
Speaker 3: Audio Chap Jason. He's a big deal. Anyway, he went

1869
01:24:13,200 --> 01:24:15,280
Speaker 3: to Las Vegas and I text him while he was

1870
01:24:15,320 --> 01:24:17,479
Speaker 3: in Las Vegas. It was for work. It was for work,

1871
01:24:17,520 --> 01:24:18,760
Speaker 3: And I text him while he was there and I

1872
01:24:18,800 --> 01:24:21,200
Speaker 3: was like, are you having such a hard time working

1873
01:24:21,200 --> 01:24:23,200
Speaker 3: over in Las Vegas learning all the stuff that you

1874
01:24:23,240 --> 01:24:24,439
Speaker 3: had to learn? He just sent me a picture of

1875
01:24:24,520 --> 01:24:27,400
Speaker 3: himself and Ryan Adams. So he got to meet Ryan Adams.

1876
01:24:27,479 --> 01:24:29,599
Speaker 3: So there you go. Not only did I mean you

1877
01:24:29,640 --> 01:24:31,720
Speaker 3: say he was brilliant at the Mount? I believe he

1878
01:24:31,760 --> 01:24:33,439
Speaker 3: was brilliant at the Mount. He might have been brilliant

1879
01:24:33,479 --> 01:24:36,640
Speaker 3: in Auckland, but nobody beats Jason, who actually got to

1880
01:24:36,680 --> 01:24:39,479
Speaker 3: meet Brian Adams. Anyway, what am I saying?

1881
01:24:39,479 --> 01:24:39,759
Speaker 7: Brian?

1882
01:24:39,840 --> 01:24:41,479
Speaker 3: His name is Ryan, isn't it anyway?

1883
01:24:41,520 --> 01:24:41,880
Speaker 5: Same? Same?

1884
01:24:42,000 --> 01:24:44,120
Speaker 3: Like? That was a That was a bad move. That

1885
01:24:44,200 --> 01:24:46,320
Speaker 3: was a poor move from him, though, wasn't it to

1886
01:24:46,400 --> 01:24:48,200
Speaker 3: go out You can change your name to go out

1887
01:24:48,200 --> 01:24:51,719
Speaker 3: with the name Ryan Adams? When Brian Adams already existed anyway,

1888
01:24:52,040 --> 01:24:54,400
Speaker 3: I have to talk to you about Debbie. Debbie Debbie

1889
01:24:54,400 --> 01:24:57,719
Speaker 3: from the Maori Party has Lord blown my mind once again.

1890
01:24:57,800 --> 01:24:59,080
Speaker 3: So we'll get to that in just to take an

1891
01:24:59,320 --> 01:25:02,200
Speaker 3: obviously Gavin great with Prince Andrew developments in about ten

1892
01:25:02,200 --> 01:25:04,400
Speaker 3: minutes time. It's twenty three away from seven. Now it

1893
01:25:04,400 --> 01:25:07,000
Speaker 3: looks like that multimillion dollar class action against A and

1894
01:25:07,080 --> 01:25:09,760
Speaker 3: Z is going to go ahead. Parliament has basically pulled

1895
01:25:09,760 --> 01:25:12,200
Speaker 3: the rug out from under the bank seems now unlikely

1896
01:25:12,240 --> 01:25:14,840
Speaker 3: to stop the lawsuit with the represent our retrospective law

1897
01:25:14,920 --> 01:25:18,360
Speaker 3: change asb has settled their dispute earlier this month. They're

1898
01:25:18,360 --> 01:25:20,639
Speaker 3: paying one hundred and thirty six million dollars. The case

1899
01:25:20,640 --> 01:25:22,559
Speaker 3: against A and Z continues in A and Z's chief

1900
01:25:22,560 --> 01:25:26,280
Speaker 3: executive is Antonia Watson and with us high Antonia, Good

1901
01:25:26,320 --> 01:25:28,479
Speaker 3: evening header. I imagine you're disappointed by this.

1902
01:25:29,479 --> 01:25:31,960
Speaker 23: Yes, look first up, we very pleased the law is

1903
01:25:31,960 --> 01:25:34,000
Speaker 23: going to be changed. Over all, there are a number

1904
01:25:34,000 --> 01:25:37,080
Speaker 23: of matters out there that are small disclosure errors that

1905
01:25:37,200 --> 01:25:41,040
Speaker 23: could be subject to very large and disproportionate penalty, so

1906
01:25:41,080 --> 01:25:43,640
Speaker 23: we please it's been changed. We've of course were disappointed

1907
01:25:43,640 --> 01:25:47,360
Speaker 23: that we've been carved out. Yeah, that the change in

1908
01:25:47,400 --> 01:25:50,360
Speaker 23: the law was actually to confirm that the court had

1909
01:25:50,360 --> 01:25:54,559
Speaker 23: the ability to apply a justin equable remedy. So it

1910
01:25:54,600 --> 01:25:57,080
Speaker 23: feels like we've been carved out from having a just

1911
01:25:57,160 --> 01:25:59,120
Speaker 23: an equitable remedy applied to us.

1912
01:26:00,120 --> 01:26:03,200
Speaker 3: This was You wouldn't be surprised by what's happened today,

1913
01:26:03,200 --> 01:26:06,519
Speaker 3: will you, because it was kind of like the drum

1914
01:26:06,560 --> 01:26:08,760
Speaker 3: beats had suggested that this was going to happen for

1915
01:26:08,800 --> 01:26:09,599
Speaker 3: the last few weeks.

1916
01:26:10,439 --> 01:26:12,519
Speaker 23: It's certainly something that we were concerned about and we

1917
01:26:12,520 --> 01:26:15,240
Speaker 23: were hoping it, hoping that that fundamental legal principle that

1918
01:26:15,320 --> 01:26:18,759
Speaker 23: everyone should be treated equally under the law should hold true.

1919
01:26:18,840 --> 01:26:19,559
Speaker 23: But it isn't.

1920
01:26:19,600 --> 01:26:23,280
Speaker 3: In it's not treated equally, Antonio. Is that because it's

1921
01:26:23,360 --> 01:26:26,360
Speaker 3: yourself an ASB who are not protected by this, whereas

1922
01:26:26,520 --> 01:26:29,280
Speaker 3: there is still the opportunity for other lawsuits to go

1923
01:26:29,320 --> 01:26:31,000
Speaker 3: against ahead against other banks.

1924
01:26:31,960 --> 01:26:32,880
Speaker 2: Yeah, Well, the.

1925
01:26:34,479 --> 01:26:37,200
Speaker 23: Attractiveness of a lawsuit is no longer there because what

1926
01:26:37,280 --> 01:26:41,360
Speaker 23: the litigation funders believe is or their interpretation of the law,

1927
01:26:41,560 --> 01:26:43,759
Speaker 23: is that for a minor disclosure error in our case,

1928
01:26:44,080 --> 01:26:47,880
Speaker 23: we undercharged our customers, and for those sorts of errors,

1929
01:26:48,400 --> 01:26:51,519
Speaker 23: the customers should be refunded the entire borrow of the

1930
01:26:51,880 --> 01:26:54,680
Speaker 23: entire cost of borrowing for the parody of the incorrect disclosure.

1931
01:26:54,720 --> 01:26:58,280
Speaker 23: So for an incorrect name, you could find yourself with

1932
01:26:58,320 --> 01:26:59,920
Speaker 23: a free loan for a year or three years, or

1933
01:27:00,080 --> 01:27:03,599
Speaker 23: have however long that period lasted. So we're saying, well,

1934
01:27:03,640 --> 01:27:05,560
Speaker 23: that doesn't We don't believe that's the right way to

1935
01:27:05,600 --> 01:27:07,759
Speaker 23: interp with the law as it currently stands, but obviously

1936
01:27:07,800 --> 01:27:09,920
Speaker 23: some do, or we wouldn't find ourselves in the position

1937
01:27:09,960 --> 01:27:10,639
Speaker 23: of a class section.

1938
01:27:10,760 --> 01:27:12,320
Speaker 3: There were no overcharges on your.

1939
01:27:12,200 --> 01:27:15,360
Speaker 23: Part, No, no, We under charge our customers an average

1940
01:27:15,360 --> 01:27:17,479
Speaker 23: of two dollars a month, and we made good that too.

1941
01:27:17,479 --> 01:27:19,040
Speaker 23: Then we wrote off their under payment.

1942
01:27:19,880 --> 01:27:21,360
Speaker 3: Are you going to set all this or are you

1943
01:27:21,360 --> 01:27:21,880
Speaker 3: going to fight this?

1944
01:27:23,160 --> 01:27:26,880
Speaker 23: We believe our case is very strong and we're very

1945
01:27:26,880 --> 01:27:28,760
Speaker 23: confident of our position. But there's a lot of water

1946
01:27:28,840 --> 01:27:31,000
Speaker 23: to flow under the bridge. Obviously this could go on

1947
01:27:31,080 --> 01:27:34,519
Speaker 23: for years, and we think we're in a strong, proficient

1948
01:27:34,720 --> 01:27:35,599
Speaker 23: position to fight it.

1949
01:27:35,840 --> 01:27:36,680
Speaker 3: So you will fight it.

1950
01:27:37,920 --> 01:27:40,920
Speaker 23: We are absolutely up for a fight, absolutely right. We

1951
01:27:41,000 --> 01:27:44,320
Speaker 23: believe that you know, for undercharging our customers. The idea

1952
01:27:44,400 --> 01:27:47,120
Speaker 23: that refunding the entire borrow cost of borrowing for that

1953
01:27:47,200 --> 01:27:49,880
Speaker 23: period of time is excessive and is not just an

1954
01:27:49,880 --> 01:27:51,680
Speaker 23: equitable Listen.

1955
01:27:51,360 --> 01:27:52,800
Speaker 3: Can I just get this fact right with you? So

1956
01:27:52,920 --> 01:27:55,920
Speaker 3: what the government, what Parliament Select Committee has ruled today

1957
01:27:56,040 --> 01:27:58,840
Speaker 3: is the case can go ahead against yourself and obviously ASB,

1958
01:27:59,360 --> 01:28:02,400
Speaker 3: but everybody else gets the retrospective protection. Is that right?

1959
01:28:03,120 --> 01:28:06,439
Speaker 23: That's correct? And any other issues that ASBN A and

1960
01:28:06,520 --> 01:28:09,040
Speaker 23: Z had would get retrospective protection. And one of the

1961
01:28:09,080 --> 01:28:12,400
Speaker 23: frustrating things about that is that we were very early

1962
01:28:12,439 --> 01:28:15,519
Speaker 23: on and recognizing this particular issue, fronting with it to

1963
01:28:15,600 --> 01:28:19,519
Speaker 23: the Commerce Commission, remediating our customers writing off the amount

1964
01:28:19,560 --> 01:28:22,200
Speaker 23: that they had underpaid, and it feels like, you know,

1965
01:28:22,200 --> 01:28:24,400
Speaker 23: we're now being punished for being early. There's been cases

1966
01:28:24,960 --> 01:28:27,559
Speaker 23: or incidents arising over that time. I think that up

1967
01:28:27,560 --> 01:28:29,680
Speaker 23: to thirty in the public domain that we're aware of

1968
01:28:30,439 --> 01:28:32,840
Speaker 23: across the industry, which is why the law change was

1969
01:28:32,920 --> 01:28:35,800
Speaker 23: very important and I absolutely support it. But it just

1970
01:28:35,800 --> 01:28:38,439
Speaker 23: feels like, you know, for us being early on and

1971
01:28:38,520 --> 01:28:42,400
Speaker 23: recognizing that we had an issue, we're being punished for it.

1972
01:28:42,600 --> 01:28:44,439
Speaker 3: Yeah, all right, hey, thank you very much, Antonio. I

1973
01:28:44,479 --> 01:28:46,680
Speaker 3: appreciate your time. That's Antonio. What's the chief executive at

1974
01:28:46,720 --> 01:28:49,920
Speaker 3: A and Z nineteen away from seven ever due for

1975
01:28:50,040 --> 01:28:53,160
Speaker 3: ce Ellen web Nadia Wapaka. So debing Nardio Wapaka is

1976
01:28:53,200 --> 01:28:56,639
Speaker 3: complaining that she is being treated unfairly because she's Maldi,

1977
01:28:57,320 --> 01:28:59,639
Speaker 3: because she didn't declare to Parliament like she was supposed

1978
01:28:59,680 --> 01:29:02,200
Speaker 3: to to the properties she owned. So she's on the

1979
01:29:02,240 --> 01:29:03,720
Speaker 3: front page of the Herald today, by the way. So

1980
01:29:03,800 --> 01:29:05,400
Speaker 3: let me run you through how this played out. Okay,

1981
01:29:05,720 --> 01:29:08,680
Speaker 3: So a little while back, the Herald just ran kind

1982
01:29:08,760 --> 01:29:10,320
Speaker 3: of a bit of a look through what all the

1983
01:29:10,520 --> 01:29:13,080
Speaker 3: MPs are properties they own, and they found that there

1984
01:29:13,120 --> 01:29:17,360
Speaker 3: were about six MP's who hadn't totally declared the properties

1985
01:29:17,360 --> 01:29:19,479
Speaker 3: they owned. They had left some off. And those MPs

1986
01:29:19,520 --> 01:29:23,040
Speaker 3: are Jerry Brownlee Mark Patterson of New Zealand, first, Joe

1987
01:29:23,120 --> 01:29:26,000
Speaker 3: Luxton of Labor, Damian O'Connor of Labor, and Iis Shaveral

1988
01:29:26,000 --> 01:29:28,000
Speaker 3: of Labor. But of course also debing Nardo were packer

1989
01:29:28,240 --> 01:29:30,439
Speaker 3: of the Marti Party. So the Herald got in contact

1990
01:29:30,479 --> 01:29:33,400
Speaker 3: with all six of these MPs. The other five said

1991
01:29:33,439 --> 01:29:36,200
Speaker 3: to the Herald, yep, here's a statement explaining what happened,

1992
01:29:36,200 --> 01:29:38,920
Speaker 3: every single one. And here's a statement explaining what happened.

1993
01:29:38,920 --> 01:29:41,200
Speaker 3: And we're going to fix the situation. The only one

1994
01:29:41,240 --> 01:29:44,000
Speaker 3: who did not give a statement was debing Ardo were packer,

1995
01:29:44,280 --> 01:29:46,600
Speaker 3: who went quiet. I think she was originally at a

1996
01:29:46,640 --> 01:29:49,519
Speaker 3: tonguey but the tongue he can only last that long.

1997
01:29:49,960 --> 01:29:51,600
Speaker 3: And then some other stuff happened as well, and she

1998
01:29:51,640 --> 01:29:53,400
Speaker 3: didn't talk about it, and she just quietly went and

1999
01:29:53,520 --> 01:29:55,719
Speaker 3: changed the register and updated it to be more honest

2000
01:29:56,080 --> 01:29:58,680
Speaker 3: with what she owns. Anyway, as a result, guess is

2001
01:29:58,720 --> 01:30:01,080
Speaker 3: on the front page of the Herald, Debbi Nadu a packer.

2002
01:30:01,240 --> 01:30:03,400
Speaker 3: So she then goes on Facebook and complains about it

2003
01:30:03,600 --> 01:30:06,599
Speaker 3: and says Mary leaders are not allowed to make mistakes. Now,

2004
01:30:07,200 --> 01:30:10,200
Speaker 3: is this what is going on with Debbie? Is this

2005
01:30:10,320 --> 01:30:14,200
Speaker 3: a fundamental like? Is it a fundamental lack of understanding

2006
01:30:14,640 --> 01:30:17,240
Speaker 3: of why she's been singled out here? I can't explain

2007
01:30:17,320 --> 01:30:21,439
Speaker 3: it like either she truly believes that she is being

2008
01:30:21,920 --> 01:30:24,000
Speaker 3: I suspect she does truly believe that she's being picked

2009
01:30:24,040 --> 01:30:27,120
Speaker 3: on here. She's not being picked on. The Maori Party, though,

2010
01:30:28,000 --> 01:30:30,439
Speaker 3: seem to have this policy of thinking that they do

2011
01:30:30,600 --> 01:30:33,200
Speaker 3: not have to be accountable to the media. Now they

2012
01:30:33,240 --> 01:30:34,760
Speaker 3: don't have to like the media. I don't like all

2013
01:30:34,840 --> 01:30:37,360
Speaker 3: the media, but they are accountable to the media because

2014
01:30:37,360 --> 01:30:39,000
Speaker 3: the media are the way that they get their message

2015
01:30:39,040 --> 01:30:40,800
Speaker 3: out to the public, right or the media are holding

2016
01:30:40,840 --> 01:30:43,639
Speaker 3: them accountable. Therefore, they have to answer questions so their

2017
01:30:43,720 --> 01:30:46,120
Speaker 3: voters can see that they're answering questions. If they don't

2018
01:30:46,120 --> 01:30:48,200
Speaker 3: want to answer questions, if they don't want to talk

2019
01:30:48,200 --> 01:30:50,200
Speaker 3: to the Herald, if they don't want to do interviews,

2020
01:30:50,560 --> 01:30:52,720
Speaker 3: they will be continued to be singled out. It will,

2021
01:30:52,800 --> 01:30:55,240
Speaker 3: unfortunately be the case for them. And also, by the way,

2022
01:30:55,680 --> 01:30:57,800
Speaker 3: I was reflecting on this the other day, because you know,

2023
01:30:57,880 --> 01:30:59,840
Speaker 3: the Mary part is just like having this massive existing

2024
01:31:00,160 --> 01:31:02,160
Speaker 3: crisis at the moment, fighting with each other and stuff,

2025
01:31:02,320 --> 01:31:05,200
Speaker 3: and I thought, and that's devastating to them because they

2026
01:31:05,280 --> 01:31:07,760
Speaker 3: want to be in cabinet. They will never be in

2027
01:31:07,880 --> 01:31:12,080
Speaker 3: cabinet if they cannot answer basic questions to mainstream media.

2028
01:31:12,120 --> 01:31:13,519
Speaker 3: As long as they want to do this little media

2029
01:31:13,560 --> 01:31:16,360
Speaker 3: blackout thing and then complain that it's racism, they'll never

2030
01:31:16,400 --> 01:31:21,200
Speaker 3: be in cabinet. So as long there is a long journey,

2031
01:31:21,520 --> 01:31:25,840
Speaker 3: I feel long hiringer for Debbie na Wapaka to he

2032
01:31:26,000 --> 01:31:28,400
Speaker 3: Koi to get to this understanding, if you know what

2033
01:31:28,479 --> 01:31:31,280
Speaker 3: I mean. Seventeen away from seven croasing.

2034
01:31:30,960 --> 01:31:32,839
Speaker 2: The numbers and getting the results.

2035
01:31:33,120 --> 01:31:36,360
Speaker 1: It's heatherd for Cea Ellen with the Business Hour and

2036
01:31:36,800 --> 01:31:40,840
Speaker 1: Mas for insurance investments, and QUI safer, you're in good

2037
01:31:40,880 --> 01:31:42,360
Speaker 1: hands news talks, he'd be.

2038
01:31:42,920 --> 01:31:46,320
Speaker 3: So the Germans taken, the Germans taken the Ryan Adams

2039
01:31:46,400 --> 01:31:48,479
Speaker 3: thing up with me because I think I haven't explained

2040
01:31:48,479 --> 01:31:51,519
Speaker 3: myself sufficiently. I'm loath to go so hard on this

2041
01:31:51,680 --> 01:31:54,680
Speaker 3: bloody thing, but let me just explain myself, Okay. So

2042
01:31:55,880 --> 01:32:00,719
Speaker 3: Brian Adams was famous first, right, and then fifteen years

2043
01:32:00,840 --> 01:32:04,559
Speaker 3: his junior is a chap called Ryan Adams who also

2044
01:32:04,880 --> 01:32:07,759
Speaker 3: wants to be it, but it is working in exactly

2045
01:32:07,840 --> 01:32:09,560
Speaker 3: the same field. Do you know what I mean? Like,

2046
01:32:09,720 --> 01:32:12,799
Speaker 3: Brian Adams has a guitar and sing songs. So fifteen

2047
01:32:12,880 --> 01:32:15,600
Speaker 3: years younger is Ryan Adams, who has a guitar and

2048
01:32:15,680 --> 01:32:19,160
Speaker 3: sing songs. Is the obvious thing? Not for Ryan Adams

2049
01:32:19,680 --> 01:32:21,880
Speaker 3: to change one of his names so that we're not

2050
01:32:21,960 --> 01:32:23,760
Speaker 3: always doing this little thing where we're like, oh, not

2051
01:32:24,080 --> 01:32:26,960
Speaker 3: wrong one and that Yeah, it wasn't talking about Brian.

2052
01:32:27,000 --> 01:32:28,640
Speaker 3: I was meaning Ryan. Is that not the obvious thing?

2053
01:32:28,800 --> 01:32:31,840
Speaker 3: What we're we talking about? On Friday, River Bottom changed

2054
01:32:31,880 --> 01:32:35,040
Speaker 3: his name to what ants River Phoenix. Yes, so you

2055
01:32:35,080 --> 01:32:37,880
Speaker 3: can change as you would. Yes, wouldn't you though? So

2056
01:32:38,000 --> 01:32:39,560
Speaker 3: what he should have done is he should have been like,

2057
01:32:40,520 --> 01:32:43,360
Speaker 3: I don't know, Ryan Diddams or something, I don't know whatever,

2058
01:32:43,560 --> 01:32:45,080
Speaker 3: Ryan Diddams, Ryan Phoenix.

2059
01:32:45,320 --> 01:32:45,479
Speaker 4: Yeah.

2060
01:32:45,560 --> 01:32:45,760
Speaker 8: Ryan.

2061
01:32:45,880 --> 01:32:47,840
Speaker 24: If you're listening and you need a manager next to

2062
01:32:47,920 --> 01:32:49,400
Speaker 24: it in New Zealand, if you change your mind, the

2063
01:32:49,439 --> 01:32:50,160
Speaker 24: head is available.

2064
01:32:50,479 --> 01:32:52,559
Speaker 3: But it's also complicated by the fact that the music

2065
01:32:52,600 --> 01:32:55,200
Speaker 3: that ants is really into, which is duffed of. They

2066
01:32:55,360 --> 01:32:58,560
Speaker 3: often like to take off real musicians' names then and

2067
01:32:58,680 --> 01:32:59,479
Speaker 3: play on them, don't they.

2068
01:32:59,560 --> 01:32:59,960
Speaker 4: Oh yeah.

2069
01:33:00,080 --> 01:33:02,639
Speaker 24: The example I give us a dubstip DJ whose name

2070
01:33:02,720 --> 01:33:05,439
Speaker 24: is not Beer Grils but has changed his DJ name

2071
01:33:05,439 --> 01:33:06,759
Speaker 24: as Beer He spells it differently.

2072
01:33:06,960 --> 01:33:07,599
Speaker 7: Yeah, but yeah.

2073
01:33:07,720 --> 01:33:09,599
Speaker 24: So when I say I've been to see Beer Girls

2074
01:33:09,640 --> 01:33:11,400
Speaker 24: live and Consant, people say, oh does he does he sing?

2075
01:33:11,479 --> 01:33:11,720
Speaker 5: Does he?

2076
01:33:12,160 --> 01:33:12,240
Speaker 23: Ye?

2077
01:33:12,560 --> 01:33:15,040
Speaker 3: See It's like when when I was young, I used

2078
01:33:15,040 --> 01:33:17,280
Speaker 3: to go and see this DJ called Tim Finn, which

2079
01:33:17,360 --> 01:33:17,880
Speaker 3: was spelled p.

2080
01:33:18,080 --> 01:33:19,960
Speaker 24: H I n I've seen him before. He great, Yeah,

2081
01:33:21,040 --> 01:33:24,360
Speaker 24: I've seen Tim Finn. People, why was he playing Tim Finn?

2082
01:33:24,439 --> 01:33:24,559
Speaker 23: Well?

2083
01:33:24,640 --> 01:33:27,800
Speaker 3: Yeah, so the anyway, there was a really really and

2084
01:33:27,920 --> 01:33:31,760
Speaker 3: his first name is David Beattie. Sarah just text and

2085
01:33:31,800 --> 01:33:34,120
Speaker 3: said his name is actually David Ryan Adams, so he

2086
01:33:34,160 --> 01:33:36,360
Speaker 3: could have called himself David Adams, but he decided to

2087
01:33:36,400 --> 01:33:38,840
Speaker 3: make a compliment rest my case. Twelve away from seven

2088
01:33:39,040 --> 01:33:42,880
Speaker 3: Gavin Gray UK correspondence with us Ello Gavin Good minding

2089
01:33:42,920 --> 01:33:45,880
Speaker 3: the mate. What about this this theft in Paris? I

2090
01:33:45,920 --> 01:33:48,200
Speaker 3: mean this is like, this is like some some very

2091
01:33:48,240 --> 01:33:50,000
Speaker 3: exciting spy movie stuff, hasn't it.

2092
01:33:50,880 --> 01:33:52,960
Speaker 25: Yes, it sure is, and it's actually the latest in

2093
01:33:53,040 --> 01:33:56,840
Speaker 25: a string of high profile thefts in Paris, and now

2094
01:33:57,040 --> 01:34:00,560
Speaker 25: questions are being asked about, frankly, the security around.

2095
01:34:00,280 --> 01:34:01,200
Speaker 2: The Louver Museum.

2096
01:34:01,360 --> 01:34:02,040
Speaker 5: So what do we know.

2097
01:34:02,240 --> 01:34:04,320
Speaker 25: We know that a gang of three, maybe four men

2098
01:34:04,400 --> 01:34:08,280
Speaker 25: wearing hoods managed to use a hydraulic platform, a sort

2099
01:34:08,280 --> 01:34:12,200
Speaker 25: of elevating platform the type used by removal companies, managed

2100
01:34:12,240 --> 01:34:16,320
Speaker 25: to park on the street outside the Louver, right outside it,

2101
01:34:16,560 --> 01:34:19,759
Speaker 25: raised themselves up to the first floor in that basket

2102
01:34:19,840 --> 01:34:21,640
Speaker 25: that you see on top of the sort of crane thing,

2103
01:34:22,000 --> 01:34:24,519
Speaker 25: and then used a disc cutter to enter through a window.

2104
01:34:24,640 --> 01:34:26,479
Speaker 25: All this in broad day, like nine point thirty in

2105
01:34:26,479 --> 01:34:30,799
Speaker 25: the morning, just before the gallery was open. So questions

2106
01:34:30,840 --> 01:34:32,439
Speaker 25: being asked about, well, hang on, how could they be

2107
01:34:32,520 --> 01:34:36,679
Speaker 25: allowed to park there. Apparently after the raid they tried

2108
01:34:36,720 --> 01:34:39,120
Speaker 25: to set far to it but were stopped by a

2109
01:34:39,280 --> 01:34:43,519
Speaker 25: member of security, and indeed, according to those in authority,

2110
01:34:43,600 --> 01:34:48,040
Speaker 25: they are saying that the alarms had sounded correctly. Five

2111
01:34:48,200 --> 01:34:50,880
Speaker 25: museum staff who were in the gallery or nearby followed

2112
01:34:50,960 --> 01:34:55,040
Speaker 25: protocol by contact of security forces, protecting visitors and everything.

2113
01:34:55,800 --> 01:35:00,639
Speaker 25: But this is extremely embarrassing for the French security services,

2114
01:35:00,720 --> 01:35:03,920
Speaker 25: for the French museums, and of course, on the way

2115
01:35:03,960 --> 01:35:06,479
Speaker 25: out we now learn that the a crown of the

2116
01:35:06,600 --> 01:35:10,759
Speaker 25: Empress Eugeny was taken but recovered damage near the museum.

2117
01:35:10,800 --> 01:35:12,800
Speaker 25: They seemingly dropped in on the way out, and it's

2118
01:35:13,080 --> 01:35:15,839
Speaker 25: reported to have smashed into seven pieces.

2119
01:35:16,320 --> 01:35:17,680
Speaker 3: These are all the former.

2120
01:35:17,439 --> 01:35:20,360
Speaker 25: Sort of crown jewels of France. They are priceless, so

2121
01:35:20,840 --> 01:35:22,759
Speaker 25: who's going to take them? Well, of course, the answer

2122
01:35:22,880 --> 01:35:25,519
Speaker 25: is they'll probably be smashed apart in order to get

2123
01:35:25,560 --> 01:35:28,680
Speaker 25: to the diamonds the sapphires the emeralds on them, and

2124
01:35:28,800 --> 01:35:31,719
Speaker 25: indeed one of the particular items, that collection of brooches,

2125
01:35:32,400 --> 01:35:37,280
Speaker 25: necklaces and earrings, one item alone has hundreds of diamonds

2126
01:35:37,360 --> 01:35:39,479
Speaker 25: on them. So the big question is how on earth

2127
01:35:39,600 --> 01:35:42,040
Speaker 25: is this gang going to get to get rid of

2128
01:35:42,120 --> 01:35:45,200
Speaker 25: the items, get money for the items as such? But yeah,

2129
01:35:45,280 --> 01:35:50,599
Speaker 25: bigger questions for how France's you know, jewelry and museum

2130
01:35:50,720 --> 01:35:52,720
Speaker 25: items are being held securely.

2131
01:35:53,120 --> 01:35:57,200
Speaker 3: Gavin, what's your take on Prince Andrew and whether him

2132
01:35:57,280 --> 01:35:59,559
Speaker 3: promising not to use his titles is enough or whether

2133
01:35:59,600 --> 01:36:00,759
Speaker 3: he actually has to be stripped.

2134
01:36:00,760 --> 01:36:04,240
Speaker 25: Now there's going to be more pressure on him today.

2135
01:36:04,800 --> 01:36:08,599
Speaker 25: The book that comes out tomorrow by Virginia Giufrey, who

2136
01:36:08,680 --> 01:36:11,680
Speaker 25: of course is his main accuser and was I think

2137
01:36:11,720 --> 01:36:15,959
Speaker 25: it's fair to say the main accuser of Jeffrey Epstein

2138
01:36:16,080 --> 01:36:19,400
Speaker 25: and her circle. Her book Nobody's Girl, comes out tomorrow,

2139
01:36:19,560 --> 01:36:22,760
Speaker 25: but we learned today that in it she says she

2140
01:36:22,840 --> 01:36:25,080
Speaker 25: feared she might die a sex slave at the hands

2141
01:36:25,120 --> 01:36:29,240
Speaker 25: of the late disgraced financier and sex attacker Jeffrey Epstein

2142
01:36:29,320 --> 01:36:33,400
Speaker 25: and his circle. And it comes out six months after

2143
01:36:33,479 --> 01:36:33,960
Speaker 25: she took.

2144
01:36:33,840 --> 01:36:34,479
Speaker 7: Her own life.

2145
01:36:34,840 --> 01:36:37,400
Speaker 25: And in this memoir we now learn from the book

2146
01:36:37,720 --> 01:36:41,760
Speaker 25: that she had sex with Prince Andrew on three separate occasions,

2147
01:36:42,160 --> 01:36:45,519
Speaker 25: including once with Epstein in a kind of orgy, and

2148
01:36:45,640 --> 01:36:50,559
Speaker 25: approximately eight other young women. Those are the claims Prince Andrew,

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Speaker 25: who reached financial settlement with Virginia.

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Speaker 2: Duprey three years ago.

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Speaker 25: Has always denied any wrongdoing. In fact, he said he

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01:36:57,479 --> 01:37:01,280
Speaker 25: never met Virginia Dufrey and doesn't have any recollection of

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01:37:01,479 --> 01:37:04,800
Speaker 25: those sorts of events. But the memoir is now going

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01:37:04,880 --> 01:37:06,519
Speaker 25: to come out and I think there's going to be

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01:37:06,640 --> 01:37:09,760
Speaker 25: even more embarrassment for Prince Andrew. And I suppose the

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01:37:10,280 --> 01:37:12,880
Speaker 25: only other thing that the King could try and do

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Speaker 25: is to oust him from his massive thirty room mansion estate,

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Speaker 25: which was done in a very sort of secure contract

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Speaker 25: way from the late Queen mother.

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Speaker 5: In Windsor Park.

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Speaker 25: It's very near the new home of Prince William and Kate.

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Speaker 25: And we know that Prince William thinks that when he

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01:37:29,760 --> 01:37:32,960
Speaker 25: takes power, becomes king, he is really going to do

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01:37:33,160 --> 01:37:36,320
Speaker 25: his level best a distance Prince Andrew, not just from

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Speaker 25: the royal family, but from the rest of the family

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Speaker 25: entirely in a sort of personal manner.

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Speaker 3: Yeah, it's miserable, isn't it. Gavin, Thanks very much, appreciate it,

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Speaker 3: Gavin Gray, UK Correspondent. He could kick him out of

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Speaker 3: the house. He could also take the titles off him,

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Speaker 3: like he could actually take the titles by law. I

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Speaker 3: don't know, let's see if that happens eight away from seven.

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Speaker 1: It's the hitherto per See allan Drive show podcast on

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01:38:01,439 --> 01:38:03,960
Speaker 1: iHeartRadio powered by newstalg Zebby.

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Speaker 3: Look at this text. Okay, this is from Jeff Hither.

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Speaker 3: I went to Brian Adams when he first came to

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Speaker 3: New Zealand in about nineteen eighty two, and he was

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Speaker 3: supporting the police at Weston Springs, you know, like, you know,

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01:38:14,880 --> 01:38:17,080
Speaker 3: stinging the police, and the people kept telling him to

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Speaker 3: get off and they wanted the police. In between songs,

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01:38:18,960 --> 01:38:20,920
Speaker 3: he was abusing and swearing at the crowd and promising

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01:38:21,000 --> 01:38:23,920
Speaker 3: never to come back. See Jeff has done it. He's

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01:38:23,960 --> 01:38:26,800
Speaker 3: confused Ryan and Brian. That's like if you had a

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01:38:26,840 --> 01:38:29,960
Speaker 3: guy who came into like, graduated from from from broadcasting

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Speaker 3: school now and his name was Icsking he actually used

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01:38:34,840 --> 01:38:37,560
Speaker 3: that name, would be like, who my Costking?

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01:38:37,680 --> 01:38:37,720
Speaker 15: No?

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01:38:38,160 --> 01:38:40,439
Speaker 3: Icsking? Oh yeah, not confusing.

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Speaker 24: I mean we've got it backwards though here, because that

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01:38:42,160 --> 01:38:45,640
Speaker 24: guy would would definitely get job interviews, right And so

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Speaker 24: maybe Ryan, when he was just starting his career out,

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01:38:48,080 --> 01:38:50,479
Speaker 24: was like, oh maybe some festival will book me be like,

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01:38:50,520 --> 01:38:52,200
Speaker 24: oh he sounds like Brian Adams. We can put that

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Speaker 24: on the poster and.

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01:38:53,320 --> 01:38:55,200
Speaker 3: It fast tracks you. But then you reach it, you

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01:38:55,280 --> 01:38:57,760
Speaker 3: get then you hit the ceiling, and then you switch

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01:38:57,840 --> 01:39:00,280
Speaker 3: to David. Yeah, that's right, and then you become David Adams. Hey,

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01:39:00,360 --> 01:39:03,599
Speaker 3: here's something that is slightly counter to what the accepted

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01:39:03,640 --> 01:39:06,000
Speaker 3: wisdom is. Kiwis are in the top five on a

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Speaker 3: global rich list. This is per capita. This is the

2200
01:39:08,040 --> 01:39:11,599
Speaker 3: Aliens Global Wealth Report where they've added together assets. I've

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01:39:11,600 --> 01:39:13,679
Speaker 3: got the financial assets and the real estate and stuff.

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01:39:13,920 --> 01:39:16,439
Speaker 3: Just looked at the net wealth. We come in number five.

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01:39:17,120 --> 01:39:21,840
Speaker 3: It goes Switzerland, the US, Australia, Singapore, then US. We

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01:39:22,000 --> 01:39:24,599
Speaker 3: have about six hundred thousand dollars worth of assets media

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01:39:24,600 --> 01:39:27,439
Speaker 3: and I think or average or whatever. Singapore though about

2206
01:39:27,479 --> 01:39:33,040
Speaker 3: double that, about one point two. But we beat the Netherlands, Denmark, Canada, Belgium, Journey, Germany, Sweden, Austria,

2207
01:39:33,040 --> 01:39:35,280
Speaker 3: blah blah blah blah blah. That interesting. And the majority

2208
01:39:35,280 --> 01:39:37,760
Speaker 3: of our wealth is real estate. So we're not as

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01:39:37,800 --> 01:39:39,360
Speaker 3: poor as I always think we are.

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01:39:39,720 --> 01:39:42,360
Speaker 24: And fire in the flood by vance Joy to play

2211
01:39:42,439 --> 01:39:44,680
Speaker 24: us out. So vance Joy has been announced as one

2212
01:39:44,720 --> 01:39:46,840
Speaker 24: of the support acts for Ed Shearon for all his

2213
01:39:46,960 --> 01:39:51,120
Speaker 24: New Zealand shows. He's an Aussie singer songwriter and definitely

2214
01:39:51,160 --> 01:39:52,560
Speaker 24: in the same sort of vein as Edd Sharon, So

2215
01:39:52,600 --> 01:39:53,880
Speaker 24: if you're going, you probably want to go along a

2216
01:39:53,920 --> 01:39:56,000
Speaker 24: bit early and see his said as well. There's a

2217
01:39:56,040 --> 01:39:58,120
Speaker 24: couple of other support acts as well, Mia Ray, she's

2218
01:39:58,160 --> 01:40:01,360
Speaker 24: also an Aussie singer, and Burr as an all female

2219
01:40:01,479 --> 01:40:05,559
Speaker 24: Irish trad as in traditional supergroup. So yeah, look it's

2220
01:40:05,600 --> 01:40:06,160
Speaker 24: like a mini.

2221
01:40:06,040 --> 01:40:08,960
Speaker 3: Festivals trad supergroup, trad supergrip. That's what.

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01:40:09,280 --> 01:40:09,519
Speaker 22: That's what.

2223
01:40:09,680 --> 01:40:11,120
Speaker 24: That's the press release that's really called.

2224
01:40:11,120 --> 01:40:13,800
Speaker 3: I didn't make that up, okay, Heather. He is so

2225
01:40:14,120 --> 01:40:17,680
Speaker 3: sensitive about being called Brian Adams. Someone once yelled at

2226
01:40:17,760 --> 01:40:19,920
Speaker 3: him play Summer of sixty nine and he stormed off

2227
01:40:19,960 --> 01:40:24,120
Speaker 3: stage and wouldn't come back. Do you know what, Can

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01:40:24,200 --> 01:40:26,320
Speaker 3: I just say shout out to muz Muzz enjoyed the

2229
01:40:26,360 --> 01:40:28,400
Speaker 3: show so much he took his ear pods into the

2230
01:40:28,400 --> 01:40:30,960
Speaker 3: shower today and he loved listening to Chris Bishop, just

2231
01:40:31,040 --> 01:40:33,160
Speaker 3: saying Chris Bishop's got a new haircut. See you tomorrow.

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Speaker 1: For more from Heather Duplessy Yellen Drive, listen live to

2233
01:40:56,560 --> 01:40:59,559
Speaker 1: News Talk sai'd be from four pm weekdays, or follow

2234
01:40:59,640 --> 01:41:01,360
Speaker 1: the Podcas asked on iHeartRadio