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Speaker 1: Pressing the newsmakers to get the real story.

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Speaker 2: It's Ryan Bridge on hither duperic Ellen dry with one

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Speaker 2: New Zealand coverage like no one else.

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Speaker 1: New Saw said, be good.

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Speaker 3: Afternoon, seven after four on your Wednesday. We'll look this

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Speaker 3: afternoon at the mixed skimming home detention sentence. We've also

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Speaker 3: got the judges warning for parents. We've got good news

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Speaker 3: on retail crime. Barry breaks down this John Summerheady trust business,

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Speaker 3: the able Tasman, the Great Walk is being handed back

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Speaker 3: to Mardi. Does anything change for trampers? And are there

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Speaker 3: isis training camps in the Philippines? Ryan Bridge, great to

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Speaker 3: have your company. I know you shouldn't count your chickens

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Speaker 3: before they hatch, but can we just take a minute,

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Speaker 3: just a little second to look, appreciate and celebrate the

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Speaker 3: good economic news that's coming out at the moment. Government

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Speaker 3: books aside because that wasn't so great yesterday. Tomorrow's GDP

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Speaker 3: read will show that we bounced back with a little

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Speaker 3: spring in our step for quarter three close to one

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Speaker 3: percent growth. They reckon what's more tomorrow That shocking read

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Speaker 3: for quarter two that we all hated had us diving

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Speaker 3: under our desks that should be revised down because it

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Speaker 3: wasn't actually as bad as the top line number that

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Speaker 3: we were given to begin with. Today, consumer confidence is

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Speaker 3: on the rebound. New Zealand fantastic news. This is the

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Speaker 3: Westpac McDermott Miller survey. It's up five point six points.

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Speaker 3: This is the highest level this year. Now it is

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Speaker 3: still slightly below one hundred, which means we're still a

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Speaker 3: little more glass half empty than half full. But it's

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Speaker 3: going in the right direction, as are the seek job adds,

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Speaker 3: as are most of the numbers that move first when

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Speaker 3: a recovery is underway. Now I say all of this

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Speaker 3: completely aware that we have been here before, and we

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Speaker 3: have fired blanks. We've had many a false storm or

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Speaker 3: a false start. But barring any major cockups, this recovery

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Speaker 3: feels like it's real and starting to actually happen. The

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Speaker 3: missing ingredient, of course, is house prices, which are either

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Speaker 3: sideways or backwards for most regions. That's the liquor in

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Speaker 3: your Irish coffee that really gets things moving on the

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Speaker 3: economic front generally. But this recovery will happen without it.

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Speaker 3: It won't be soorring property prices that give birth to

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Speaker 3: this recovery. It won't start in an auction room with

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Speaker 3: a hammer going down on a four million dollar two

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Speaker 3: Betty in sandring him. What's going to drive this recovery

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Speaker 3: and make it probably more of a gradual one is

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Speaker 3: confidence in our agricultural exporters, lower mortgage interest rates, and

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Speaker 3: I think, more than anything, a feeling that we are

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Speaker 3: just sick of being in this position. Aren't you tired

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Speaker 3: of it? The ironic truth of it is that in

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Speaker 3: order to get us out of this malaise, we must

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Speaker 3: spend money, rather than save it, which is kind of

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Speaker 3: your instinct when these things happen, we must go out

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Speaker 3: and buy stuff. So this Christmas, take that confidence to

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Speaker 3: your nearest shopping mall, and tonight I can report I'm

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Speaker 3: doing exactly that. Westfield I've checked this morning is open

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Speaker 3: till ten pm. I've found it. I need to buy,

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Speaker 3: I'd want to buy. I'm going to buy, and I've

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Speaker 3: been eyeing it up today. I'm ready to push play.

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Speaker 3: I'm ready to push play on summer, on spending, and

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Speaker 3: on an economic Christmas miracle.

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Speaker 4: Crayon Bridge nine two nine two is the number to

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Speaker 4: text what are you going to buy?

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Speaker 3: What are you going to buy to support the economy,

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Speaker 3: that's your question. This afternoon nineteen nine two. Now there's

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Speaker 3: been a if you're in the shops, you may notice this,

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Speaker 3: a notable drop in violent crime being reported by retailers

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Speaker 3: this year. Retail crime intelligence company AURA has found the

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Speaker 3: use of weapons is down twelve percent, violent events down

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Speaker 3: six percent, threatening events down five Meanwhile, in Australia the

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Speaker 3: same kinds of incidents are trending upwards. Or Vice president

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Speaker 3: Nick McDonnell is with me this afternoon. Nick. Good, afternoon, afternoon, Ryan,

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Speaker 3: How are you very well? Thank you? So how do

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Speaker 3: we know that? Is this just in the areas where

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Speaker 3: your cameras are recording?

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Speaker 5: Yeah, so we're not a camera company. A retailer will

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Speaker 5: put the information into our system like a database of

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Speaker 5: information that they've already captured themselves, and they'll put in

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Speaker 5: the characteristics of an offense or an incident in their store.

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Speaker 5: And what they'll do is they'll tag it whether it's

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Speaker 5: had a weapon involved, or it's been violent or threatening,

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Speaker 5: those sorts of things, and that's where that's where the

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Speaker 5: data comes from. And it is obviously for people who

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Speaker 5: are customers of ours, but that's quite a large spread

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Speaker 5: across the country.

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Speaker 3: And what do people tell you, like, why is this happening?

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Speaker 3: Do you think, Well, I.

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Speaker 5: Think New Zealand has been very leading in terms of

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Speaker 5: its adoption of technology in this space. So one of

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Speaker 5: the big things is ten percent of people are causing

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Speaker 5: sixty percent of the crime in retail, and we know

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Speaker 5: that that ten percent six or four to six times

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Speaker 5: more likely to be violent. But you have to surface

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Speaker 5: that information in order to find the patterns and in

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Speaker 5: order to find the people causing the most harm. And

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Speaker 5: retailers have really led the way and leaning into it,

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Speaker 5: and then the police on the other side of the

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Speaker 5: system have also lent into this earlier than other markets

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Speaker 5: and are really collaborating together through the platform. But it's

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Speaker 5: that recognition that retail crime is a really high volume

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Speaker 5: crime type. You can't overwhelm the system with every incident.

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Speaker 5: So if you use the technology to really make sense

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Speaker 5: of the information, that allows you to focus your resources

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Speaker 5: more effectively.

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Speaker 3: And does that mean we are identifying people who you know?

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Speaker 3: You said the ten percent? Are we identifying the repeat

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Speaker 3: offenders and not letting them into shops? And that's why

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Speaker 3: it's coming down.

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Speaker 5: It can be a combination right, So you are identifying them,

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Speaker 5: you are visiting to those people the event vents that

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Speaker 5: previously would have been seen as isolated incidents. So you're

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Speaker 5: actually saying this one person has caused ten events, rather

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Speaker 5: than there's ten different people causing ten events. And that

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Speaker 5: then allows police to be able to go pick up

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Speaker 5: or investigate those high harm offenders that are having the

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Speaker 5: most amount of impact. And if you're picking up those people,

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Speaker 5: you're taking them out of circulation, or you're doing whatever

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Speaker 5: else you need to do to prevent further crime.

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Speaker 3: Nick, really appreciate that.

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Speaker 6: Up.

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Speaker 3: Thank you. That's Nick McDonell, who is with AURA vice president.

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Speaker 3: It is thirteen minutes after four news talk ZB now

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Speaker 3: a lot of you texting in them with what you're

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Speaker 3: doing to support the economic recovery. Already, Ryan, I bought

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Speaker 3: a tent in an airbed. Husband convinced me to buy

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Speaker 3: a Snorkel set and life jackets. Bring on some and

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Speaker 3: see this is what I'm talking about. Get out there

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Speaker 3: and spend New Zealand.

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Speaker 7: Don't buy a tent tonight though, because Ryan needs to

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Speaker 7: get to the ball in time to buy it. We

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Speaker 7: can't have it out of stock when Ryan gets there.

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Speaker 3: No, we were talking about this earlier, have I sort

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Speaker 3: of because I found it online this morning, but I

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Speaker 3: haven't actually bought it yet, but I know it's in

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Speaker 3: the store. So what I did after you mentioned that

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Speaker 3: today is I got my husband to go and purchase

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Speaker 3: it online and I will just pass.

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Speaker 7: Oh okay, all right, then mind buy as many tens

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Speaker 7: as you want.

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Speaker 3: Everybody, Yes, So it's it. And actually I say all

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Speaker 3: of this, and actually what I'm doing is buying one

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Speaker 3: that's heavily discounted. It's got fifty percent off. So while

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Speaker 3: I'm here saying go out and spend your money, I mean,

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Speaker 3: you still look for a deal, don't you.

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Speaker 7: And you said it would be a gradual recovery as.

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Speaker 3: Well, exactly exactly, so there was a caveat there. But

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Speaker 3: so it's a it's got fifty percent off. So a

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Speaker 3: lot of stores already doing their Boxing Day sales. You

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Speaker 3: know how the Black Friday thing became the Black Month.

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Speaker 3: Well it looks like they're doing the same thing with

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Speaker 3: Boxing Day, which is great, So get out there. Fourteen

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Speaker 3: minutes after four news Talk SEBB.

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Speaker 2: It's the Heather Dupers Alan Drive Full Show podcast on

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Speaker 2: iHeartRadio powered by News TALKSB.

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Speaker 3: News Talk, said b. It is seventeen minutes after four.

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Speaker 3: I'm glad you're all out spending. Gosh, the list is growing. Next,

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Speaker 3: I don't know if this counts. And next, says Ryan,

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Speaker 3: I'll be purchasing several large heinekens from my local tavern

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Speaker 3: more regularly. That's not what I'm talking about. I'm talking

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Speaker 3: about going out there and buying something that's not just

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Speaker 3: a consumable lacking. You know, you're going to buy a

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Speaker 3: pie tomorrow. I mean you were going to eat anyway,

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Speaker 3: you know, So anyway, we'll get to those texts in

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Speaker 3: just a second. It is seventeen after four.

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Speaker 2: Sport with a tab app download and get your bed

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Speaker 2: on R eighteen bit responsibly.

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Speaker 3: Darcy's here. Hey Darcy, you've got some sports news. Good

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Speaker 3: baboon and I've got some sports news for you today.

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Speaker 3: Oh really, should we do a trade?

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Speaker 6: Oh?

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Speaker 8: I like it? You start?

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Speaker 3: Okay, all right, you know that the FIFA thing, the price.

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Speaker 8: Fef thing, well, the biggest sporting organization in the world,

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Speaker 8: that thing.

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Speaker 3: The prices at that No wonder they're so big. You're

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Speaker 3: seeing what they're charged charging like wounded bulls. But what

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Speaker 3: they've done because the PR disaster, which you'll know about

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Speaker 3: because you're in you know, you're in the sport world.

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Speaker 3: They've come out with sixty dollars tickets really how many?

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Speaker 1: Four?

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Speaker 2: Well?

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Speaker 3: Good question, So one point six percent of all available

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Speaker 3: tickets will be six capped at sixty dollars and.

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Speaker 8: Now they would have sold yesterday. Well so this is

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Speaker 8: this is really winning a PR battle.

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Speaker 3: But this is what I wanted to ask you about.

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Speaker 3: Because they allocating them to each team, so each team

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Speaker 3: will get a certain number. But then who do they

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Speaker 3: how do they sell tickets to the fee for World Cup?

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Speaker 3: You know, like, well will our team be said? It doesn't.

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Speaker 8: I had to say it, Ryan, You're telling the story,

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Speaker 8: not me. So ask yourself for questions and if you

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Speaker 8: can't answer them, we'll consider a successful interview.

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Speaker 3: Don't ask them all right, Well we might come back

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Speaker 3: to that later on. Now Ashes Test to three is underway.

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Speaker 8: Yeah, Australia chose to bet they won the toss. A

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Speaker 8: small problem with Steve Smith. He's got vertigo.

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Speaker 9: You had vertigo before?

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Speaker 3: No, I haven't had it, horrid.

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Speaker 8: I've experienced the joy of vertigo, so you can't. So

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Speaker 8: he's not playing, so it was my Kwaja wasn't going

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Speaker 8: to be playing, so he's been a last minute ringing

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Speaker 8: I suppose for Steve Smith. Now the Aussies are currently

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Speaker 8: sitting at one hundred and forty nine for fur so

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Speaker 8: they lost to quick Wickt's a head's gone opening, whether

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Speaker 8: all's gone opening a lablu? Shane gone as well at

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Speaker 8: Green who just sold for the most expensive price for

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Speaker 8: a foreign player in the IPL. So he's celebrating as

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Speaker 8: riches and he got out for a duck. I'm not laughing.

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Speaker 9: But who's at the crease having the time.

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Speaker 8: Of their life? Carry who's a great players on thirty

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Speaker 8: four was Man Cowaja. He's on sixty one. He was

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Speaker 8: out for all money Smith got ill he come roping in.

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Speaker 8: He's at finding it nothing to lose. He smassed himself

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Speaker 8: a half century Windy, so he's still out there right now.

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Speaker 8: He's sixty one Carriers on thirty four. You' even know

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Speaker 8: this test might last more than a couple of days.

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Speaker 3: Well that had been fans, wouldn't it Now? On the

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Speaker 3: show tonight, the pacifica franchise wanting to break into the NRL.

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Speaker 8: Yeah, it's another one. There are so many but as

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Speaker 8: opposed from the Orca and Willington and the KA and

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Speaker 8: all the other ideas that have come from down there,

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Speaker 8: this one is purely based in Auckland. And we're going

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Speaker 8: to talk to Jeff Brown about that tonight. He's the

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Speaker 8: bid lead. It's very embryonic at the stage, but he

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Speaker 8: talks a big game, talks about how important it would

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Speaker 8: be to have a Pacific at rugby league team, not

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Speaker 8: the rugby union team. The big question is is can

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Speaker 8: two rugby league teams survive up here in the NRAL

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Speaker 8: along with two rugby union teams along with a football

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Speaker 8: team and where they play because he's not enough Stadia

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Speaker 8: up here. But look, where there's a will, there's a way,

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Speaker 8: or as some people say, there's a will there's a wake,

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Speaker 8: which is a little tasteless, but it's quite a good

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Speaker 8: saying it might happen.

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Speaker 1: We go man.

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Speaker 8: And also I went out tonight to this morning to

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Speaker 8: the opening of the Sir Colin Giltrap Raceway and I

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Speaker 8: sat around with Scott Dixon, had a good yar with

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Speaker 8: him about life, the universe and everything. And that'll be

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Speaker 8: playing ten night on the show as well o'clock are

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Speaker 8: Zach folks as well. We're talking cricket.

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Speaker 3: Thank you twenty one minutes after four News talks b

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Speaker 3: Darcy here at seven o'clock. Next i'll get to your

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Speaker 3: text on what you're buying to support the economy. Thank

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Speaker 3: you very much on behalf of all retailers. But we'll

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Speaker 3: also talk about Trump and you know the Venezuela situation.

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Speaker 3: It's very interesting. It's because he's he's going after the boats.

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Speaker 3: The boats are carrying oil. What's happening to the price

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Speaker 3: of that oil? That's next cutting through.

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Speaker 1: The noise to get the facts.

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Speaker 2: It's Ryan Bridge on either duplicy Ellen Drive with one

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Speaker 2: New Zealand coverage like no one else News talks.

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Speaker 3: The'd be We'll get to Jonathan Kursley, a US correspondent

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Speaker 3: after News at half four. So Trump is ordering a

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Speaker 3: blockade on oil tankers coming in and out of Venezuela.

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Speaker 3: And you know he's been going after these oil tankers

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Speaker 3: for a while now and a seized one, so this

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Speaker 3: is just a continuation of that basically. But what's happening

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Speaker 3: with the price of oil on board the tankers is

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Speaker 3: quite interesting because the vessel owners have a war clause

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Speaker 3: in their contracts that they're delivering oil to basically Chinese

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Speaker 3: refineries usually, and they've got a war clause in their

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Speaker 3: contracts because they are worried about an interception by the US.

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Speaker 3: And so what they reckon has happened since Trump's gone

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Speaker 3: after the vessels, after the oil tankers is that the

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Speaker 3: price per barrel of crude oil has dropped by about

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Speaker 3: twenty dollars per barrel. There's a discount being applied to

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Speaker 3: account for the risk. So basically it means that Maduro

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Speaker 3: is getting much less for his per barrel of oil.

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Speaker 3: So even though they might not be seizing every ship

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Speaker 3: or stopping every ship, even though that's what they're promising

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Speaker 3: to do, the price is coming down. So the squeeze

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Speaker 3: is coming on the oil industry. The squeeze is coming

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Speaker 3: on Venezuela and by association Maduro. There you go, twenty

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Speaker 3: five minutes after four. Now on the tech to the football.

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Speaker 3: The cheaper tickets that we spoke about with Darcy, So

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Speaker 3: the New Zealand Football has come out and they've said

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Speaker 3: they are been given access to so they're sixty bucks

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Speaker 3: a ticket because otherwise it was going to cost you

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Speaker 3: arm on a leg to go to the fee for

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Speaker 3: World Cup. They have been given access to a set

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Speaker 3: number of tickets, approximately eight percent of the stadium capacity

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Speaker 3: for each match, and they can make those cheap tickets

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Speaker 3: available sixty US to fans, player, families, and partners. So

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Speaker 3: I sort of thought this would just be a you know,

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Speaker 3: an all in for you know, any man and his dog.

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Speaker 3: But apparently they're setting up a football Farno priority pass

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Speaker 3: for fans who are interested in attending, and it sounds

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Speaker 3: like they will prioritize partners, families then fans. I mean,

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Speaker 3: I suppose they're all fans, but that's how it's going

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Speaker 3: to work. Thank you to everybody who is going out

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Speaker 3: and making purchases to support the economy and the recovery. Ryan,

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Speaker 3: I spent three six hundred dollars on a replacement transmission

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Speaker 3: for my car. It's a Toyota Corolla. It's the daugh

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Speaker 3: To Summer for me. Good on you, Logan, Thank you.

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Speaker 3: Sharon's bought a new lounge suite six thousand dollars worth

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Speaker 3: New Zealand wool carpet. Gosh, Sharon, you've been spending ten

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Speaker 3: grand on that. Good on you for keeping it local.

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Speaker 1: Ryan.

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Speaker 3: We've done. Our bit just purchased a four burner barbecue.

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Speaker 3: Had a trial coick up last evening. What a beauty.

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Speaker 3: That's a happy Daryl, Darryl, thank you for that. And

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Speaker 3: someone else says, Ryan, get a blow up tent. It

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Speaker 3: is a blow up one, and she'll tell you the

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Speaker 3: brand I'm going to buy and you can give me

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Speaker 3: some advice on it before. Well I've already bought it,

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Speaker 3: so who cares? But yes, hopefully the blow up thing

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Speaker 3: works well, Newstalk said b back after news.

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Speaker 2: Hard questions strong opinion, Ryan Bridge on Heather Dui c

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Speaker 2: Ellen drive with One New Zealand and the power of

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Speaker 2: satellite Mobile News talks EDB.

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Speaker 6: Here is current.

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Speaker 3: Twenty five year on Newstalks dB to heavy company. We'll

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Speaker 3: get to our US correspondent, truly, Barry Soper on the

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Speaker 3: one p DT of trust in just a few seconds

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Speaker 3: after six. We're going to talk about the Reserve Bank.

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Speaker 3: You know they brought in those capital requirements, said to

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Speaker 3: the retail banks, you've got to hold all this money

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Speaker 3: so that the system is safe and doesn't collapse and

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Speaker 3: fall over, and they basically completely overcooked it. Well, they

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Speaker 3: had a review. Now they have announced the new capital requirements.

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Speaker 3: In theory that means that we will get lower interest rates.

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Speaker 3: Does anyone believe that?

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Speaker 1: No, you do not.

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Speaker 3: We'll speak to Mark Wiltshire. He's the CEO of the

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Speaker 3: co Op Bank. He's with us after six this evening

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Speaker 3: news Talk said, b let's take a look at what's

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Speaker 3: going on around the world.

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Speaker 2: It's the world wires on news Talks drive to.

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Speaker 3: Australia and the Bondai attacked. Premier chrismins is defending the

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Speaker 3: police response. Turns out they only had two cops on

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Speaker 3: the job for this hunker event.

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Speaker 10: Several police officers and engaged with side arms from fifty

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Speaker 10: meters away, fighting and firing with someone who had a

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Speaker 10: long arm and a tactical advantage o the New South

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Speaker 10: Wales police.

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Speaker 1: So they did engage.

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Speaker 10: Two police officers in critical condition in New South Wales

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Speaker 10: hospitals were shot in the front.

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Speaker 3: Now he's also just announced that the New South Wales

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Speaker 3: government might temporarily stop permission, not grant permission for protests.

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Speaker 10: Protests right now in Sydney would be incredibly terrible.

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Speaker 1: For our community.

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Speaker 10: In fact, they would rip apart our community, particularly protests

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Speaker 10: about international events to the US.

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Speaker 3: Now Hollywood director Rob Ryner's son has been charged with

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Speaker 3: the murder of his parents. He's the LA District Attorney.

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Speaker 3: Just a few moments.

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Speaker 11: Agob Reiner was a brilliant actor and director. His wife,

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Speaker 11: Michelle Singer Reiner, was inequally iconact, photographer and producer. We

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Speaker 11: will commit ourselves to bringing their murderer to justice.

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Speaker 3: Finally this afternoon. US women's football star Megan Rappano has

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Speaker 3: criticized the US men's team's slogan for the twenty twenty

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Speaker 3: six World Cup campaignan has never Chased Reality. The US

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Speaker 3: men's team unveiled it after they got their World Cup drawer.

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Speaker 3: Megan talked about the slogan on the podcast that she

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Speaker 3: co hosts with here Fionce Sue Byrd. Their slogan has

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Speaker 3: never Chase Reality.

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Speaker 6: What I was like, Wait, don't chase reality or you're

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Speaker 6: going to find out that you stink?

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Speaker 12: Yeah.

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Speaker 6: I was like, wait, but yeah, live a lie.

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Speaker 8: Yeah.

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Speaker 3: I feel like they put dream Big into like a

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Speaker 3: translator in another language.

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Speaker 13: That's it apt Chat, dream Big International Correspondence with ends

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Speaker 13: and eye Insurance, Peace of mind for New Zealand business

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Speaker 13: babes stick.

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Speaker 3: To playing football. Jonathan Kursley is a US correspondent with US. Jonathan.

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Speaker 14: Good afternoon, Ryan, A good afternoon to you and the

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Speaker 14: listeners right across the network.

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Speaker 3: So Rob Ryaner's son Nick has been charged with the

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Speaker 3: murder of his parents. What can you tell us about that?

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Speaker 14: These charges dropped formerly a couple of hours or so ago.

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Speaker 14: They've been announced by the Los Angeles ditrity attorney just

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Speaker 14: before that, and they are to who counts of murder

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Speaker 14: in the first degree. Now, they are very very serious.

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Speaker 14: They are the most serious of murder charges and they

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Speaker 14: carry with them the most serious penalty that been life

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Speaker 14: in prison with no parole or the death penalty. Now

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Speaker 14: they have said that they haven't decided not whether or

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Speaker 14: not to pursue the death penalty yet and that that

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Speaker 14: will be made in conjunction with the victims families. That

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Speaker 14: is normal protocol for a case where these charges and

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Speaker 14: the death penalty as a possibility is the prosecutors will

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Speaker 14: always go to the family and say this is this

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Speaker 14: what you want? But what you've got is a very

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Speaker 14: very sad set of circumstances where Nick Reiner, who is

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Speaker 14: suffered years of mental health issues and drug abuse and

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Speaker 14: had been open about that he'd worked with a movie

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Speaker 14: with his father about the very issues of addiction, and

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Speaker 14: he'd opened up about the disconnect he felt with his father,

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Speaker 14: particularly as a child, and Rob Riner had spoken about

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Speaker 14: the issues that he felt as a father trying to

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Speaker 14: deal with a son who was dealing with significant mental

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Speaker 14: health issues. And now Nick has been charged with their murders.

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Speaker 14: We've just seen some footage released within the last half

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Speaker 14: an hour or so ago showing Nick Rhiner with a

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Speaker 14: backpack slung over his shoulder going into a service station

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Speaker 14: just a matter of hours after the alleged killings took place.

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Speaker 14: It is then the police swooped on him on Sunday night,

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Speaker 14: US time. They took him into custody, and they have

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Speaker 14: been pretty methodical LA police with this. They always said

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Speaker 14: they were going to be from the outset and they

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Speaker 14: have been, and now they've laid these judges. There was

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Speaker 14: going to be a court hearing today but that was scrapped.

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Speaker 14: And interestingly, Nick Reiner has hired a very high profile

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Speaker 14: defense attorney, Al Jackson, who was among his clients Harvey

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Speaker 14: Weinstein and also Kevin Spacey as well. So this is

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Speaker 14: a high profile defense attorney who's now going to be

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Speaker 14: representing Nick Rhiner when he eventually gets through court, but

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Speaker 14: that's going to be delayed while they essentially carry out

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Speaker 14: mental health assessments to see if he's fit to be

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Speaker 14: moved from the facility where he is being held into

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Speaker 14: a court room.

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Speaker 3: Jonathan Trump and Venezuela, He's continuing to put the squeeze

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Speaker 3: on a bit of a blockade going on here on

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Speaker 3: some oil tankers going to and throw.

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Speaker 14: Yeah. Essentially, as sanctioned oil tanker is going in and

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Speaker 14: out of Venezuela, he is essentially putting in a blockad,

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Speaker 14: promising essentially the US will continue to clamp down on

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Speaker 14: this issue. We saw them seize a tanker last week.

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Speaker 14: And he's now also moved in huge amounts of US

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Speaker 14: military hardware into the area around the Caribbean and Venezuela,

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Speaker 14: and is essentially saying to Nicholas Maduro, the the authoritarian

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Speaker 14: leader inside Venezuela, get out, get out of the job.

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Speaker 14: It had been reported he'd offered him a deal essentially

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Speaker 14: leaves the country that Maduro rejected, and as a result,

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Speaker 14: while the President is making this all about drug trafficking

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Speaker 14: and saying that you know that there had been drug

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Speaker 14: boats coming out of Venezuela towards the United States. That's

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Speaker 14: how all of this started. Now it is that Venezuelan

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Speaker 14: oil is making its way to or run to other

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Speaker 14: parts of the world, and he's trying to stop that too.

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Speaker 14: This is now a United States versus Venezuela approach. That's

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Speaker 14: exactly what this is. And the United States has a

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Speaker 14: huge military hardware at there. I'm not suggesting that they're

437
00:22:05,720 --> 00:22:08,280
Speaker 14: going to use it, but the President keeps suggesting that

438
00:22:08,359 --> 00:22:11,000
Speaker 14: some sort of ground assault could be possible. He's alluded

439
00:22:11,000 --> 00:22:14,720
Speaker 14: to that over many, many times, as recently as last week.

440
00:22:14,840 --> 00:22:17,760
Speaker 14: But now this move to sanctioned oil tankers is just

441
00:22:17,880 --> 00:22:20,960
Speaker 14: yet another move trying to tighten the belt. This is

442
00:22:21,000 --> 00:22:24,320
Speaker 14: a real economic foot on the throat, if you like,

443
00:22:24,359 --> 00:22:28,560
Speaker 14: of Nicholas Maduro. Oil is a hugely important factor for

444
00:22:28,600 --> 00:22:32,160
Speaker 14: the Venezuelan economy and if he stops that, well, he's

445
00:22:32,200 --> 00:22:35,320
Speaker 14: going to cause Maduro some serious domestic pain.

446
00:22:35,560 --> 00:22:38,400
Speaker 3: Now, this is a fascinating story because there are two

447
00:22:38,400 --> 00:22:41,680
Speaker 3: different accounts. From one interview with Bennetty Fear, this is

448
00:22:41,720 --> 00:22:45,160
Speaker 3: Susie Wilds, Trump's chief of staff. So the article sort

449
00:22:45,200 --> 00:22:47,160
Speaker 3: of implied to she said all this bad stuff about

450
00:22:47,160 --> 00:22:49,439
Speaker 3: Trump and you know, a lot of his cabinet, and

451
00:22:49,480 --> 00:22:51,280
Speaker 3: then she comes out and says on it's all taken

452
00:22:51,280 --> 00:22:53,560
Speaker 3: out of context. So who's right?

453
00:22:55,119 --> 00:22:58,919
Speaker 14: Well, that's exactly the question, who is right in this?

454
00:22:59,119 --> 00:23:02,399
Speaker 14: Because zuoz Wil sat down with Vanity Fair over the

455
00:23:02,400 --> 00:23:06,000
Speaker 14: course of eleven interviews for what was essentially a feature

456
00:23:06,000 --> 00:23:08,960
Speaker 14: piece about her, and now she's essentially saying that this

457
00:23:09,119 --> 00:23:11,200
Speaker 14: was all the hit job. She was quoted as saying

458
00:23:11,240 --> 00:23:14,800
Speaker 14: that Trump has an alcoholics personality even though he doesn't drink.

459
00:23:15,200 --> 00:23:15,880
Speaker 3: Said that JD.

460
00:23:16,119 --> 00:23:20,199
Speaker 14: Vance was a conspiracy theorist. He sort of tongue in

461
00:23:20,240 --> 00:23:24,440
Speaker 14: cheek responded that to that today, and then you had

462
00:23:24,480 --> 00:23:27,840
Speaker 14: Susie Will's herself take straight to social media this morning,

463
00:23:28,480 --> 00:23:32,200
Speaker 14: as did many of the cabinet members, and Susie essentially said,

464
00:23:32,480 --> 00:23:36,240
Speaker 14: the article published earlier this morning is a disingenuously framed

465
00:23:36,320 --> 00:23:39,680
Speaker 14: hit piece on me and the finest president, white House

466
00:23:39,720 --> 00:23:43,160
Speaker 14: staff and cabinet in history. She said the context was disregarded,

467
00:23:43,520 --> 00:23:47,240
Speaker 14: So look who to believe. Well, she's probably said part

468
00:23:47,320 --> 00:23:49,600
Speaker 14: of it. There's no doubting that it's quoted in there.

469
00:23:49,600 --> 00:23:51,879
Speaker 14: She's not denying the quotes that were actually said.

470
00:23:51,920 --> 00:23:52,639
Speaker 3: It's that she's.

471
00:23:52,520 --> 00:23:54,800
Speaker 14: Saying they were taken out of context. So I suppose

472
00:23:54,840 --> 00:23:56,400
Speaker 14: the question is now is what was the context?

473
00:23:56,440 --> 00:23:59,480
Speaker 3: Yeah, Jonathan appreciate that. Jonathan Kurzley, a US correspondent, time

474
00:23:59,480 --> 00:24:03,480
Speaker 3: as seventeen minutes away from five. It is all about

475
00:24:03,480 --> 00:24:05,080
Speaker 3: how you frame it, isn't it. Because I had a

476
00:24:05,119 --> 00:24:08,320
Speaker 3: look at the comments that she made and the way

477
00:24:08,359 --> 00:24:10,560
Speaker 3: that it was reported just depends how you report it.

478
00:24:10,600 --> 00:24:12,320
Speaker 3: What you put at the top of the story is

479
00:24:12,400 --> 00:24:15,960
Speaker 3: quite important. And so she said things like I disagreed

480
00:24:16,000 --> 00:24:19,159
Speaker 3: with Trump on this decision about you know, going after

481
00:24:19,200 --> 00:24:22,560
Speaker 3: his political opponents, or I disagreed with his decision on this,

482
00:24:23,480 --> 00:24:25,920
Speaker 3: and then she goes on to say throughout the interview,

483
00:24:26,080 --> 00:24:29,199
Speaker 3: but I came to agree with his position, you know,

484
00:24:29,280 --> 00:24:33,720
Speaker 3: in the end. So it just depends which way which

485
00:24:33,760 --> 00:24:37,080
Speaker 3: way round you write the story. Is the narrative of

486
00:24:37,119 --> 00:24:38,480
Speaker 3: the prevailing narrative, isn't it?

487
00:24:39,440 --> 00:24:39,600
Speaker 6: Nine?

488
00:24:39,600 --> 00:24:41,000
Speaker 3: Two? The numbers of text. We'll get to Barry so

489
00:24:41,000 --> 00:24:44,040
Speaker 3: Open next on JT and the White py data trust.

490
00:24:44,200 --> 00:24:48,200
Speaker 2: Politics with centrics, credit check your customers and get payments certainty.

491
00:24:47,920 --> 00:24:50,080
Speaker 3: Sporting to five after five, we've had a reporter in

492
00:24:50,119 --> 00:24:52,480
Speaker 3: court for the sentencing of Jevin mcskimming. We'll get to

493
00:24:52,560 --> 00:24:55,440
Speaker 3: that shortly. First. Barry so here, Hey, Barry, good afternoon.

494
00:24:55,520 --> 00:24:58,959
Speaker 3: Right now, the Wye py Data trust investigations over and

495
00:24:59,000 --> 00:25:02,680
Speaker 3: it's avoided registration, but there'll be some changes.

496
00:25:03,040 --> 00:25:08,560
Speaker 9: Yes. Indeed, this investigation has been going on since twenty nineteen,

497
00:25:08,840 --> 00:25:12,040
Speaker 9: so it's a very long one and the wipe area

498
00:25:12,080 --> 00:25:15,840
Speaker 9: of trusts it's like an octopus. It's got tentacles and

499
00:25:16,040 --> 00:25:21,320
Speaker 9: so many parts of the charitable business and that's why

500
00:25:21,359 --> 00:25:23,600
Speaker 9: I think they found it really difficult to deal with

501
00:25:23,640 --> 00:25:26,879
Speaker 9: in terms of de registering it because a lot of

502
00:25:26,920 --> 00:25:29,560
Speaker 9: people would suffer as a result of that. As I

503
00:25:29,640 --> 00:25:33,159
Speaker 9: understand it, John Tammerherry, who's the CEO of the trust

504
00:25:33,960 --> 00:25:37,840
Speaker 9: and the trust may be parting ways, but that's what

505
00:25:37,880 --> 00:25:41,600
Speaker 9: I understand. It's, like I said, a long running investigation

506
00:25:42,720 --> 00:25:47,399
Speaker 9: and hundreds of thousands of dollars have been made to

507
00:25:48,359 --> 00:25:52,159
Speaker 9: donations to political parties, to the campaigns and to the

508
00:25:52,200 --> 00:25:54,840
Speaker 9: campaign of the chief executive, John Tammerherry when he ran

509
00:25:54,880 --> 00:25:59,480
Speaker 9: for the mayoralty. Here now Charlotte Stanley, who's the Director

510
00:25:59,520 --> 00:26:04,879
Speaker 9: and Regulated Charity Services. She announced the conclusion of the

511
00:26:05,080 --> 00:26:10,600
Speaker 9: Sex year probe, saying that regulators had forced Wiperira to

512
00:26:10,680 --> 00:26:16,160
Speaker 9: make significant government, governmental and structural changes. What they are though,

513
00:26:16,359 --> 00:26:20,359
Speaker 9: we don't know, so the statement didn't provide any details

514
00:26:20,359 --> 00:26:23,359
Speaker 9: of what they are. Now you may remember, and I

515
00:26:23,480 --> 00:26:28,400
Speaker 9: was astounded by it that the wiper era's financial reports

516
00:26:28,400 --> 00:26:32,440
Speaker 9: for the year to June twenty twenty three, they're only

517
00:26:32,520 --> 00:26:38,480
Speaker 9: published last year. They revealed that Tamaherry had repaid three

518
00:26:38,520 --> 00:26:41,439
Speaker 9: hundred and eighty five thousand dollars that owed to the trust.

519
00:26:41,520 --> 00:26:44,720
Speaker 9: But it was made quite easy to repay that money

520
00:26:44,760 --> 00:26:49,000
Speaker 9: because the key management personnel, of whom Tama Harry is

521
00:26:49,040 --> 00:26:53,359
Speaker 9: the most senior, had that year received a pay increase

522
00:26:54,200 --> 00:27:00,040
Speaker 9: of seventy seven percent. And that means they've become the

523
00:27:00,119 --> 00:27:06,200
Speaker 9: New Zealand's highest paid charity executives, all earning over five

524
00:27:06,520 --> 00:27:08,760
Speaker 9: hundred thousand dollars a year.

525
00:27:08,880 --> 00:27:11,240
Speaker 3: The mind boggles, Well, the mind does boggle.

526
00:27:11,840 --> 00:27:12,160
Speaker 1: I think.

527
00:27:12,200 --> 00:27:14,520
Speaker 9: I don't think we've heard the last of this yet.

528
00:27:14,560 --> 00:27:19,240
Speaker 9: But there will be governmental and other changes to the

529
00:27:19,280 --> 00:27:22,520
Speaker 9: trust and structural changes, and you'd have to say not

530
00:27:22,640 --> 00:27:23,480
Speaker 9: before time.

531
00:27:23,359 --> 00:27:25,879
Speaker 3: No, exactly. Well, we'll look forward to your update on

532
00:27:25,880 --> 00:27:26,440
Speaker 3: that tomorrow.

533
00:27:26,440 --> 00:27:26,680
Speaker 6: Berry.

534
00:27:27,119 --> 00:27:29,919
Speaker 3: Now we've got the German debate happening in Parliament? Anything

535
00:27:29,960 --> 00:27:30,760
Speaker 3: interesting so far?

536
00:27:30,920 --> 00:27:35,240
Speaker 9: Well, yes, it's the wrapping up. Chris Luxin's on his feet,

537
00:27:35,920 --> 00:27:40,320
Speaker 9: you know, thanking the cleaners, all the sundry at Parliament,

538
00:27:40,320 --> 00:27:43,400
Speaker 9: the messengers and what have you. So it's not particularly

539
00:27:43,480 --> 00:27:46,280
Speaker 9: exciting at the moment. The most exciting part today though,

540
00:27:46,400 --> 00:27:49,679
Speaker 9: will be the gallery party that follows the winding up.

541
00:27:49,720 --> 00:27:54,480
Speaker 9: And I won't be there because the heather's doing hosking

542
00:27:54,520 --> 00:27:56,080
Speaker 9: in the mornings, which means.

543
00:27:56,160 --> 00:27:59,879
Speaker 3: Poor you, Barry. I have to yeah, well, you know

544
00:28:00,119 --> 00:28:01,040
Speaker 3: you've been to enough.

545
00:28:01,119 --> 00:28:04,359
Speaker 9: Your family comes first, Ryan, and indeed I.

546
00:28:04,280 --> 00:28:06,200
Speaker 1: Have been to many, many of them.

547
00:28:06,280 --> 00:28:08,440
Speaker 3: I used to avoid them because it was mine. You

548
00:28:08,480 --> 00:28:10,240
Speaker 3: don't want to get go there and then get to

549
00:28:10,240 --> 00:28:12,680
Speaker 3: to tipsy and then for you know, some people remember,

550
00:28:12,720 --> 00:28:15,359
Speaker 3: people would fall over and fall into the ice backet.

551
00:28:15,359 --> 00:28:18,720
Speaker 9: I could tell so many stories, will be shagging and

552
00:28:18,840 --> 00:28:19,560
Speaker 9: it's terrible.

553
00:28:20,440 --> 00:28:21,920
Speaker 3: You don't want to be one of those people. No,

554
00:28:22,160 --> 00:28:25,520
Speaker 3: but Labour's Labor candidate's views have been highlighted in Parliament.

555
00:28:25,520 --> 00:28:29,760
Speaker 9: Well, this is interesting and you may remember the economist

556
00:28:30,000 --> 00:28:33,800
Speaker 9: Craig Rennie. He was selected to buy Labor to be

557
00:28:34,040 --> 00:28:37,800
Speaker 9: a candidate in Wellington Bays, which is a new electorate.

558
00:28:38,960 --> 00:28:39,280
Speaker 1: Now.

559
00:28:40,040 --> 00:28:43,960
Speaker 9: He's, of course, since he left Grant Robertson's office as

560
00:28:44,000 --> 00:28:48,120
Speaker 9: his advisor, has been working for the Council of Trade Unions.

561
00:28:49,240 --> 00:28:53,320
Speaker 9: So Nikola Willis has been reading a book written by

562
00:28:53,440 --> 00:28:56,479
Speaker 9: Ready and says if he wins the seat for Labor,

563
00:28:56,560 --> 00:29:01,640
Speaker 9: his views differ significantly from Treasury and wonders whether Labor

564
00:29:01,720 --> 00:29:02,920
Speaker 9: would go along with them.

565
00:29:03,280 --> 00:29:06,120
Speaker 15: He says this work suggests the debt limits should in

566
00:29:06,160 --> 00:29:13,000
Speaker 15: fact be around eighty to ninety percent of GDP, and

567
00:29:13,560 --> 00:29:16,720
Speaker 15: he cites the Green Party's analysis showing that the debt

568
00:29:16,720 --> 00:29:19,400
Speaker 15: limit should in fact be up to one hundred and

569
00:29:19,560 --> 00:29:25,200
Speaker 15: seventy four percent of GDP. And this author doesn't think

570
00:29:25,280 --> 00:29:29,560
Speaker 15: savings are necessary. Says New Zealand does not face fiscal

571
00:29:29,600 --> 00:29:32,479
Speaker 15: constraints and thinks the debt could be a lot higher,

572
00:29:34,520 --> 00:29:34,920
Speaker 15: could be a.

573
00:29:34,920 --> 00:29:37,760
Speaker 9: Bit of spending if Craig Ready his way.

574
00:29:37,880 --> 00:29:40,800
Speaker 3: It's been an unhappy Christmas for some Barry wants.

575
00:29:40,360 --> 00:29:44,440
Speaker 9: Yeah, well, apparently the Greens, Chloe Swarbrick and the Maldi

576
00:29:44,520 --> 00:29:48,840
Speaker 9: parties Debbie no rewa packer. We're told on Monday by

577
00:29:49,040 --> 00:29:53,320
Speaker 9: emergency food providers that there's not enough to go around

578
00:29:53,360 --> 00:29:56,280
Speaker 9: this Christmas. It's an issue that no rewa packer took

579
00:29:56,360 --> 00:29:58,800
Speaker 9: up with the Prime Minister in Parliament this afternoon.

580
00:29:59,040 --> 00:30:02,600
Speaker 4: Is he aware that community providers of kai have had

581
00:30:02,640 --> 00:30:08,040
Speaker 4: to stop advertising their services because they cannot meet demand.

582
00:30:08,520 --> 00:30:11,000
Speaker 16: What I'm aware of is that that many New Zealanders

583
00:30:11,000 --> 00:30:14,000
Speaker 16: will put into a very difficult situation because of economic

584
00:30:14,040 --> 00:30:16,800
Speaker 16: mismanagement and vandalism from a Labour Green's government. There's the

585
00:30:16,840 --> 00:30:19,440
Speaker 16: government working very hard to make sure there is opportunity

586
00:30:19,480 --> 00:30:21,480
Speaker 16: being crowded and growth in our economy.

587
00:30:22,680 --> 00:30:24,400
Speaker 9: That's not putting food on the table, but.

588
00:30:24,880 --> 00:30:27,160
Speaker 3: It's not no maybe a marmite sandwich.

589
00:30:27,360 --> 00:30:28,800
Speaker 9: Yeah, well that's it in an apple.

590
00:30:28,880 --> 00:30:32,280
Speaker 3: Don't forget Barry Soaper Politics eight to five news Talk

591
00:30:32,320 --> 00:30:32,920
Speaker 3: set big.

592
00:30:33,480 --> 00:30:37,640
Speaker 2: The headlines and the hard questions. It's the mic asking breakfast.

593
00:30:37,680 --> 00:30:39,440
Speaker 4: Mitchel Willis has pushed out surplus again.

594
00:30:39,480 --> 00:30:40,880
Speaker 3: So let's talk to the finance ministy.

595
00:30:41,000 --> 00:30:43,160
Speaker 2: Are we borrowing right now as a country just to

596
00:30:43,200 --> 00:30:44,640
Speaker 2: pay our interest bill on the debt?

597
00:30:44,720 --> 00:30:46,840
Speaker 17: We are paying in part to pay the interest bill

598
00:30:46,920 --> 00:30:48,840
Speaker 17: on the debt, which is pretty big. It's more than

599
00:30:48,960 --> 00:30:51,680
Speaker 17: nine billion dollars A yeah, thank you labor. But as

600
00:30:51,720 --> 00:30:54,120
Speaker 17: we look over the next few years. Around eighty percent

601
00:30:54,200 --> 00:30:57,840
Speaker 17: of our borrowing is for capital investments, so that's an infrastructure,

602
00:30:57,960 --> 00:31:00,000
Speaker 17: so assets that we will have for the future.

603
00:31:00,240 --> 00:31:02,920
Speaker 3: Okay, So why not run a zero budget like Bill English.

604
00:31:02,680 --> 00:31:05,640
Speaker 1: Did because we do hair pressing needs.

605
00:31:05,840 --> 00:31:07,640
Speaker 17: He had the same pressing needs, didn't he, and he

606
00:31:07,720 --> 00:31:09,840
Speaker 17: still managed to cut enough to run a zero budget.

607
00:31:10,000 --> 00:31:13,760
Speaker 2: Heather Dupusyen on the mic Hosking Breakfast Fat tomorrow at

608
00:31:13,840 --> 00:31:17,960
Speaker 2: six am with a Vida Retirement Communities on News talks'd B.

609
00:31:18,320 --> 00:31:21,200
Speaker 3: Five away from five the Over in Australia, things are

610
00:31:21,240 --> 00:31:23,720
Speaker 3: really heading up. After we had our March fifteen attack,

611
00:31:23,800 --> 00:31:26,560
Speaker 3: politics sort of died down and was taken out of

612
00:31:26,600 --> 00:31:30,480
Speaker 3: the debate. Over there, the opposite's happening and it's really

613
00:31:30,560 --> 00:31:34,000
Speaker 3: heating up. So yesterday we played John Howard, former Prime Minister.

614
00:31:34,040 --> 00:31:36,520
Speaker 3: He came out swinging against elbows, saying he didn't do

615
00:31:36,640 --> 00:31:40,000
Speaker 3: enough to stop the antisemitism, etc. Now the former Aussie

616
00:31:40,080 --> 00:31:43,400
Speaker 3: Treasurer Josh Fridenberger's come out and he's having a go too.

617
00:31:43,640 --> 00:31:51,120
Speaker 18: I'm here to mourn, but I'm also here to warn.

618
00:31:53,560 --> 00:32:02,560
Speaker 18: Unless our governments, federal and state, take urgent, unprecedented and

619
00:32:02,760 --> 00:32:08,360
Speaker 18: strong action as night follows day, we will be back

620
00:32:09,160 --> 00:32:14,000
Speaker 18: grieving the loss of innocent life in another terrorist attack

621
00:32:14,440 --> 00:32:15,320
Speaker 18: in our country.

622
00:32:15,760 --> 00:32:19,880
Speaker 3: He was really fired up. He said, two years' warnings

623
00:32:19,920 --> 00:32:21,440
Speaker 3: have gone unheeded.

624
00:32:21,080 --> 00:32:25,040
Speaker 18: And for two and a half years, as the Australian

625
00:32:25,120 --> 00:32:31,040
Speaker 18: Jewish community and others have raised the alarm bells, they

626
00:32:31,080 --> 00:32:35,720
Speaker 18: were told by people who should know better that this

627
00:32:36,080 --> 00:32:42,200
Speaker 18: was not as significant as they had said. We were

628
00:32:42,240 --> 00:32:45,840
Speaker 18: told they didn't say gas the Jews on the steps

629
00:32:45,840 --> 00:32:49,160
Speaker 18: of the opera house. They simply said, where are the Jews?

630
00:32:49,720 --> 00:32:54,080
Speaker 18: We have the nurses in Bankstown calling for the death

631
00:32:54,080 --> 00:32:56,920
Speaker 18: of Israelis and we are told it's just a joke.

632
00:33:00,040 --> 00:33:04,200
Speaker 18: Caravan has a deadly message against Jews. We're told it's

633
00:33:04,360 --> 00:33:10,480
Speaker 18: just a hoax. Well, the greatest massacre in Australia's history

634
00:33:10,640 --> 00:33:11,400
Speaker 18: is no hoax.

635
00:33:13,040 --> 00:33:13,920
Speaker 3: It's no joke.

636
00:33:18,880 --> 00:33:21,880
Speaker 18: It's a horrible, evil crime.

637
00:33:22,080 --> 00:33:24,719
Speaker 3: It's Josh Frodenberg. He's the former Aussie treasurer at Bondai.

638
00:33:24,880 --> 00:33:26,720
Speaker 3: Didn't mix skimming after the News of five.

639
00:33:28,240 --> 00:33:30,880
Speaker 2: The only drive show you can trust to ask the

640
00:33:30,960 --> 00:33:34,560
Speaker 2: questions and get the answers, find the fact and give

641
00:33:34,600 --> 00:33:38,840
Speaker 2: the analysis. Ryan Bridge on hither Duplicy Ellen Drive with one,

642
00:33:38,920 --> 00:33:42,920
Speaker 2: New Zealand and the power of satellite Mobile New Sawks Heavy.

643
00:33:43,400 --> 00:33:46,040
Speaker 3: Seven after five on your Wednesday. So the mixed skimming

644
00:33:46,120 --> 00:33:49,719
Speaker 3: sentence nine months home detention has already pleaded guilty as

645
00:33:49,720 --> 00:33:53,280
Speaker 3: you know, to possessing objectionable material. This includes best Reality

646
00:33:53,360 --> 00:33:57,040
Speaker 3: and child's sex abuse images. Melissa Nightingale is with the

647
00:33:57,040 --> 00:34:00,960
Speaker 3: Herald and Wellington was in court today. Melissa good Evening, Hi, Ryan,

648
00:34:01,240 --> 00:34:03,800
Speaker 3: How did the judge explain that a lot of people

649
00:34:04,000 --> 00:34:06,320
Speaker 3: are upset with the length of that sentence? How did

650
00:34:06,320 --> 00:34:08,920
Speaker 3: the judge explain the length and the fact that he

651
00:34:09,000 --> 00:34:10,280
Speaker 3: gets to serve it at home.

652
00:34:11,280 --> 00:34:15,080
Speaker 19: Yeah, so the judge adopted a starting point of three

653
00:34:15,160 --> 00:34:19,520
Speaker 19: years in prison. From there, he's given a bunch of discounts,

654
00:34:19,520 --> 00:34:21,960
Speaker 19: the biggest one being a twenty five percent discount for

655
00:34:22,040 --> 00:34:25,760
Speaker 19: an early guilty plea. We then had discounts for previous

656
00:34:25,760 --> 00:34:31,680
Speaker 19: good character, remorse and significant rehabilitative efforts such as twenty

657
00:34:31,719 --> 00:34:36,000
Speaker 19: five sessions with a faith based therapist, engagement with the

658
00:34:36,040 --> 00:34:40,520
Speaker 19: psychologist who specializes in six offenders, things like that. So,

659
00:34:41,160 --> 00:34:44,200
Speaker 19: with all of those discounts combined, that brought it down

660
00:34:44,280 --> 00:34:48,120
Speaker 19: to a sentence of eighteen months in prison. Once the

661
00:34:48,160 --> 00:34:52,000
Speaker 19: sentence drops below or drops to about two years prison

662
00:34:52,040 --> 00:34:55,759
Speaker 19: all below. It's then available to potentially be switched over

663
00:34:55,840 --> 00:34:59,240
Speaker 19: to home detention, which he's chosen to do in this case.

664
00:34:59,360 --> 00:35:02,879
Speaker 19: Some of the facts thes were that given that Mick

665
00:35:02,960 --> 00:35:07,520
Speaker 19: Skimming was a well known police officer, that prison would

666
00:35:07,520 --> 00:35:11,120
Speaker 19: put him make him a prime target for extreme violence.

667
00:35:11,280 --> 00:35:14,840
Speaker 19: So he's chosen to commute this to home detention. And

668
00:35:15,080 --> 00:35:17,880
Speaker 19: when they do that, they have what would have been

669
00:35:17,920 --> 00:35:21,839
Speaker 19: the prison sentence, because that factors in when someone would

670
00:35:21,880 --> 00:35:25,000
Speaker 19: have become available for parole. So that's gone from eighteen

671
00:35:25,000 --> 00:35:27,959
Speaker 19: months prison down to nine months home detention with six

672
00:35:28,000 --> 00:35:29,400
Speaker 19: months post release conditions.

673
00:35:29,440 --> 00:35:33,040
Speaker 3: Goodness may more discounts than a Brisco's sale. What was

674
00:35:33,040 --> 00:35:35,960
Speaker 3: he like in court? What was his demeanor like in court? Melissa?

675
00:35:36,920 --> 00:35:41,399
Speaker 19: Much like his previous appearances, he was quiet, He didn't

676
00:35:41,400 --> 00:35:45,640
Speaker 19: show much emotion, fairly bland. He sat in the dock

677
00:35:45,719 --> 00:35:48,200
Speaker 19: with his arms crossed as his head sort of cocked

678
00:35:48,200 --> 00:35:51,000
Speaker 19: it the side for much of the hearing. When the

679
00:35:51,080 --> 00:35:54,520
Speaker 19: judge began to explain his sentence, he had mixed Skimming

680
00:35:54,560 --> 00:35:58,600
Speaker 19: stand up. He stood there facing the judge, hands clasped

681
00:35:58,600 --> 00:36:01,080
Speaker 19: in front of him, fidgeting with his but he was

682
00:36:01,160 --> 00:36:04,160
Speaker 19: really he didn't show a lot of emotion, and this

683
00:36:04,360 --> 00:36:07,840
Speaker 19: sentence follows a sentencing indication. He already knew he wasn't

684
00:36:07,840 --> 00:36:10,160
Speaker 19: going to jail, so it wouldn't have come as a

685
00:36:10,200 --> 00:36:11,000
Speaker 19: surprise to him.

686
00:36:11,560 --> 00:36:15,359
Speaker 3: What about the timing here, So we initially thought that

687
00:36:15,640 --> 00:36:17,920
Speaker 3: there was a timeline about when he had looked at

688
00:36:17,960 --> 00:36:20,360
Speaker 3: this stuff, but that's changed a little bit. You what

689
00:36:20,400 --> 00:36:21,680
Speaker 3: do we know? What do we learn today?

690
00:36:22,320 --> 00:36:26,719
Speaker 19: Well, his charges date back for about five years, but

691
00:36:26,840 --> 00:36:29,359
Speaker 19: it does say in the police summary of facts that

692
00:36:29,360 --> 00:36:33,279
Speaker 19: that is just as far back as the online records go,

693
00:36:33,440 --> 00:36:35,560
Speaker 19: so that was as far back as they could pin

694
00:36:35,680 --> 00:36:38,040
Speaker 19: him on it. But he has said to a pre

695
00:36:38,120 --> 00:36:41,960
Speaker 19: sentence report writer that he first began seeking out objectionable

696
00:36:42,000 --> 00:36:45,360
Speaker 19: material in twenty fifteen, so we know he's been trying

697
00:36:45,360 --> 00:36:47,200
Speaker 19: to look for this stuff for about a decade, or

698
00:36:47,200 --> 00:36:48,440
Speaker 19: at least that's what he's told us.

699
00:36:48,640 --> 00:36:51,360
Speaker 3: Melissa appreciate that update. Thank you. Melissa Nightingale, who's with

700
00:36:51,400 --> 00:36:53,759
Speaker 3: the Herald in Wellington and was in court today. It's

701
00:36:53,800 --> 00:36:57,080
Speaker 3: ten enough to find graham Bridge, three thousand hectares of

702
00:36:57,160 --> 00:36:59,160
Speaker 3: land at the top of the South Island is returning

703
00:36:59,200 --> 00:37:02,000
Speaker 3: to Marty owners. This is not a treaty settlement thing.

704
00:37:02,239 --> 00:37:04,680
Speaker 3: It is land though that the Crown promised to a

705
00:37:04,719 --> 00:37:07,319
Speaker 3: group of v We and their descendants way back in

706
00:37:07,320 --> 00:37:11,400
Speaker 3: the eighteen forties. It includes the abel Tasman Great Walk.

707
00:37:11,760 --> 00:37:14,040
Speaker 3: Tama Portaka is the Ministry of Conservation with me.

708
00:37:14,120 --> 00:37:17,839
Speaker 20: Live good evening, hey curt mate, and Merry Christmas to you.

709
00:37:18,000 --> 00:37:21,080
Speaker 20: Three thousand hectares have been confirmed in the ownership. That's

710
00:37:21,080 --> 00:37:22,960
Speaker 20: what the court said. It never went out of ownership.

711
00:37:24,040 --> 00:37:27,480
Speaker 3: Great point of clarification. So who so does that mean

712
00:37:27,480 --> 00:37:31,280
Speaker 3: that Maori have always owned the able Tasman's Great Walk

713
00:37:31,400 --> 00:37:32,759
Speaker 3: and will continue to own.

714
00:37:33,840 --> 00:37:36,000
Speaker 20: There are parts of the Great Walk and part of

715
00:37:36,239 --> 00:37:38,440
Speaker 20: parts of the top of the South Island which the

716
00:37:38,719 --> 00:37:42,440
Speaker 20: owners own. The court confirmed that. And now we have

717
00:37:42,520 --> 00:37:44,480
Speaker 20: reached arrangements on a range of matters.

718
00:37:44,760 --> 00:37:48,440
Speaker 3: What are those arrangements? Can will we have always be

719
00:37:48,480 --> 00:37:49,840
Speaker 3: able to walk on it? Everyone?

720
00:37:50,120 --> 00:37:55,319
Speaker 20: Yes, public access has been confirmed for the park for

721
00:37:55,360 --> 00:37:58,359
Speaker 20: the next twenty five years. There's a confidential arrangement that

722
00:37:58,400 --> 00:38:00,640
Speaker 20: goes with that. But it enables us to enjoy that

723
00:38:00,760 --> 00:38:04,200
Speaker 20: wondrous and iconic place. We all love it. Anyone who's

724
00:38:04,239 --> 00:38:07,200
Speaker 20: been there thinks it's beautiful. And anyone who hasn't needs

725
00:38:07,200 --> 00:38:07,480
Speaker 20: to go.

726
00:38:08,000 --> 00:38:10,600
Speaker 3: What happens after twenty five years, Oh.

727
00:38:10,560 --> 00:38:13,000
Speaker 20: There'll be some discussions as we go forward. Of course,

728
00:38:13,080 --> 00:38:16,239
Speaker 20: DOC and the owners of that land will want to

729
00:38:16,280 --> 00:38:18,640
Speaker 20: work together to make sure that the tracks and good

730
00:38:18,680 --> 00:38:21,239
Speaker 20: maintenance and good seed and the huts of course, and

731
00:38:21,280 --> 00:38:23,439
Speaker 20: at near the end of the twenty five years there'll

732
00:38:23,440 --> 00:38:25,800
Speaker 20: be discussion about continuing with arrangements.

733
00:38:26,040 --> 00:38:28,080
Speaker 3: So does DOC look after it for the next twenty

734
00:38:28,080 --> 00:38:28,680
Speaker 3: five years.

735
00:38:28,840 --> 00:38:31,560
Speaker 20: Yes, it'll be seamless. There'll be no change in the

736
00:38:31,600 --> 00:38:34,360
Speaker 20: public facing interaction by the public with the track and

737
00:38:34,400 --> 00:38:36,920
Speaker 20: with the Department Conservation. It might be a couple of

738
00:38:37,120 --> 00:38:40,480
Speaker 20: improvements along the way, like a bit more cultural identities

739
00:38:40,480 --> 00:38:43,440
Speaker 20: and cultural markets around.

740
00:38:43,880 --> 00:38:46,120
Speaker 3: And who pays for all this, like who's paying for

741
00:38:46,160 --> 00:38:48,120
Speaker 3: the upkeep of the track and for the next twenty

742
00:38:48,160 --> 00:38:50,440
Speaker 3: five years and for the maintenance and all that stuff.

743
00:38:51,280 --> 00:38:53,359
Speaker 20: Well, Doc's had a free use of the track for many,

744
00:38:53,360 --> 00:38:56,520
Speaker 20: many years, and DOC continues to maintain the track as well,

745
00:38:56,960 --> 00:38:59,080
Speaker 20: and will continue to do this. As I said, there's

746
00:38:59,080 --> 00:39:01,279
Speaker 20: a change in the ownership of changing the title, but

747
00:39:01,320 --> 00:39:03,879
Speaker 20: the management, the upkeep, the maintenance will be continued by Doc.

748
00:39:03,960 --> 00:39:05,480
Speaker 3: Okay for twenty five years.

749
00:39:06,520 --> 00:39:08,400
Speaker 20: For the next twenty five years, there will be discussions

750
00:39:08,440 --> 00:39:10,160
Speaker 20: along the way, and those will be done in good face.

751
00:39:10,280 --> 00:39:12,000
Speaker 3: And are we going to pay rent? DOC going to

752
00:39:12,040 --> 00:39:14,480
Speaker 3: be I mean, will we be paying money to the

753
00:39:14,600 --> 00:39:16,960
Speaker 3: group of EWEI in order to use the track?

754
00:39:18,440 --> 00:39:21,520
Speaker 20: Well, there are arrangements from place around a number of issues.

755
00:39:21,560 --> 00:39:24,600
Speaker 20: Those arrangements remain confidential. I think you'll be aware that

756
00:39:24,640 --> 00:39:29,359
Speaker 20: the group representing the owners is a private trust and

757
00:39:29,400 --> 00:39:31,120
Speaker 20: those arrangements remain confidential.

758
00:39:31,239 --> 00:39:33,840
Speaker 3: Does that cost get passed on to the users?

759
00:39:36,200 --> 00:39:41,520
Speaker 20: Well, the interaction with the track by users. There are

760
00:39:41,520 --> 00:39:43,920
Speaker 20: some payments that are made for the huts already and

761
00:39:43,960 --> 00:39:44,720
Speaker 20: for camp sites.

762
00:39:44,920 --> 00:39:46,040
Speaker 3: Will they go down there?

763
00:39:46,040 --> 00:39:46,600
Speaker 6: Your note?

764
00:39:47,000 --> 00:39:50,319
Speaker 20: Well, I don't think that's what's going to happen. But

765
00:39:50,520 --> 00:39:54,080
Speaker 20: don't public access are guaranteed?

766
00:39:54,560 --> 00:39:56,560
Speaker 3: I know it's guaranteed. But will it costs more?

767
00:39:57,520 --> 00:40:00,279
Speaker 20: Well, I think you know as much as I did it.

768
00:40:00,400 --> 00:40:03,480
Speaker 20: Last year we made we had some discussions about DOC

769
00:40:03,560 --> 00:40:06,879
Speaker 20: becoming a little bit more prudent financially. We're so right

770
00:40:06,920 --> 00:40:09,839
Speaker 20: across the country. There are changes from time to time

771
00:40:09,880 --> 00:40:14,799
Speaker 20: around hut fees and campground fees, and those happened on

772
00:40:14,840 --> 00:40:16,799
Speaker 20: a regular basis as business as usual.

773
00:40:16,800 --> 00:40:19,720
Speaker 3: Right, But there'll be no specific change or extra charge

774
00:40:19,800 --> 00:40:22,200
Speaker 3: for able tasment as a result of this deal.

775
00:40:23,200 --> 00:40:25,879
Speaker 20: That's an operational matter and I lead it for operational matter,

776
00:40:26,200 --> 00:40:27,840
Speaker 20: the operational management of DOC.

777
00:40:28,040 --> 00:40:30,240
Speaker 3: What's your expectation as a minister.

778
00:40:31,280 --> 00:40:34,160
Speaker 20: My expectation and what has been confirmed is that there

779
00:40:34,160 --> 00:40:37,040
Speaker 20: will be public access to the track at what cost?

780
00:40:37,280 --> 00:40:37,919
Speaker 3: Do you not care?

781
00:40:39,680 --> 00:40:39,719
Speaker 21: No?

782
00:40:40,400 --> 00:40:43,760
Speaker 20: What I've said to you, Ryan, is that for huts

783
00:40:44,280 --> 00:40:47,440
Speaker 20: and camp sites, there are costs across the country for

784
00:40:47,640 --> 00:40:51,560
Speaker 20: various huts and campsites on various tracks. For the Great

785
00:40:51,840 --> 00:40:53,239
Speaker 20: particularly for the Grave, we're not.

786
00:40:53,160 --> 00:40:55,239
Speaker 3: Paying rent, but we're not paying rent for the land

787
00:40:55,239 --> 00:40:57,319
Speaker 3: on which we're walking on most tracks, are we So

788
00:40:57,440 --> 00:40:59,880
Speaker 3: this is quite a particular situation. So have you not

789
00:41:00,040 --> 00:41:03,440
Speaker 3: ask the question will the cost go up or not?

790
00:41:04,680 --> 00:41:08,920
Speaker 20: But Ryan, most Great walks DOC owns most of the land.

791
00:41:09,239 --> 00:41:12,959
Speaker 20: This is a different situation now exactly, and the land

792
00:41:12,960 --> 00:41:14,920
Speaker 20: has actually owned Some of the land is owned by

793
00:41:14,920 --> 00:41:17,239
Speaker 20: the Crown and some of the land is owned by

794
00:41:17,320 --> 00:41:21,120
Speaker 20: private landowners. So, as I said before, public access has

795
00:41:21,160 --> 00:41:24,920
Speaker 20: been guaranteed. There are already charges for the use of

796
00:41:25,080 --> 00:41:29,760
Speaker 20: huts and campsites throughout the country at various national parks

797
00:41:29,760 --> 00:41:31,520
Speaker 20: and great walks in other matters.

798
00:41:32,040 --> 00:41:35,279
Speaker 3: All right, Claire's mud Tuma appreciate that, Tama Putaka, Minister

799
00:41:35,320 --> 00:41:38,080
Speaker 3: of Conservation. It is quarter past five News Talks B

800
00:41:38,320 --> 00:41:41,560
Speaker 3: five to seventeen News TALKSB. The Road Cone Hotline. I

801
00:41:41,600 --> 00:41:43,359
Speaker 3: know you loved it. You might have called it. Well,

802
00:41:43,360 --> 00:41:46,320
Speaker 3: it's been shut down half a year early, after only

803
00:41:46,400 --> 00:41:49,680
Speaker 3: six months of operation, so basically half its life and

804
00:41:50,160 --> 00:41:54,160
Speaker 3: nearly ninety percent of the reports that people that they

805
00:41:54,200 --> 00:41:57,160
Speaker 3: got about the road cones they were actually compliant with

806
00:41:57,360 --> 00:42:00,520
Speaker 3: the council approved traffic plans. Now, Labours up said about this,

807
00:42:00,640 --> 00:42:03,040
Speaker 3: calling it them third, a waste of public money, et cetera,

808
00:42:03,080 --> 00:42:06,080
Speaker 3: et cetera. Labor Transport spokesperson, Tang, it's a kiddy, is

809
00:42:06,120 --> 00:42:08,400
Speaker 3: with me? Tonight's good evening, Tang. You nice to have

810
00:42:08,440 --> 00:42:09,040
Speaker 3: you on the show.

811
00:42:09,600 --> 00:42:11,439
Speaker 22: Oh hell, iter Ryan, good to be with you now.

812
00:42:12,520 --> 00:42:14,360
Speaker 3: Well, yes, it was a bit of a gimmick, I suppose.

813
00:42:14,480 --> 00:42:16,520
Speaker 3: But was it a complete waste of money?

814
00:42:17,680 --> 00:42:18,960
Speaker 22: Well, I think it was. I think it was an

815
00:42:19,000 --> 00:42:21,960
Speaker 22: absolute face and the fact that the government had moved

816
00:42:22,000 --> 00:42:24,799
Speaker 22: early to shut it down later this week is a

817
00:42:24,880 --> 00:42:28,759
Speaker 22: pure indication that it's a complete waste of public money.

818
00:42:28,840 --> 00:42:30,680
Speaker 3: So how much did we waste?

819
00:42:32,080 --> 00:42:35,040
Speaker 22: Well, sort of as of the end of thirtieth or September,

820
00:42:35,120 --> 00:42:37,640
Speaker 22: it was just shy of one hundred and fifty thousand dollars.

821
00:42:37,960 --> 00:42:40,160
Speaker 22: It's bent on the hotline. If you look at the

822
00:42:40,280 --> 00:42:42,600
Speaker 22: number of complaints that were actually logged to that point,

823
00:42:42,640 --> 00:42:45,080
Speaker 22: it was just over a thousand, so you know, it

824
00:42:45,239 --> 00:42:48,360
Speaker 22: soon adds up. But what could have happened as the

825
00:42:48,360 --> 00:42:50,400
Speaker 22: government could have simply picked up the phone, had a

826
00:42:50,440 --> 00:42:53,120
Speaker 22: conversation with counsels and others about, you know what the

827
00:42:53,440 --> 00:42:56,960
Speaker 22: rate of non compliances. But instead, instead we find ourselves

828
00:42:57,320 --> 00:42:58,960
Speaker 22: the bill will be over one hundred and fifty thousand,

829
00:42:59,480 --> 00:43:01,799
Speaker 22: and then of course you've got starting and contractors brought

830
00:43:01,840 --> 00:43:04,920
Speaker 22: in to train these staff. Over the road cone hotline

831
00:43:05,080 --> 00:43:06,600
Speaker 22: a complete waste of money.

832
00:43:06,680 --> 00:43:08,520
Speaker 3: It does seem like a little bit over the top.

833
00:43:08,760 --> 00:43:11,879
Speaker 3: But the ministers is giving people a voice, tanger, giving

834
00:43:11,920 --> 00:43:15,120
Speaker 3: people the public of voice. The problem, I guess is

835
00:43:15,360 --> 00:43:18,520
Speaker 3: that they are saying, actually, most of the complaints that

836
00:43:18,520 --> 00:43:21,520
Speaker 3: were made they were compliant. So do you think, like

837
00:43:21,560 --> 00:43:24,520
Speaker 3: does the labor think that we have a problem with

838
00:43:24,640 --> 00:43:28,719
Speaker 3: the rules that allow so many road cones, or do

839
00:43:28,760 --> 00:43:32,120
Speaker 3: you think the public are just miss overegging it.

840
00:43:33,360 --> 00:43:35,640
Speaker 22: Look, I don't think anyone likes to have too many

841
00:43:35,680 --> 00:43:38,880
Speaker 22: road cones as they head about the place. But what

842
00:43:38,920 --> 00:43:41,920
Speaker 22: the government's answer to this was was to simply pump

843
00:43:41,960 --> 00:43:45,000
Speaker 22: some money, put some resource into a hotline that clearly

844
00:43:45,040 --> 00:43:48,160
Speaker 22: has been a failure of all of the callouts that

845
00:43:48,200 --> 00:43:50,600
Speaker 22: actually went out. So when someone actually lodged a complaint

846
00:43:51,200 --> 00:43:53,960
Speaker 22: and then someone was dispashed to the site, it's about

847
00:43:54,080 --> 00:43:57,800
Speaker 22: ninety three percent of those callouts indicated that the cones

848
00:43:57,800 --> 00:43:59,799
Speaker 22: there was nothing wrong with them. So you know, this

849
00:43:59,880 --> 00:44:03,560
Speaker 22: is again a waste of public money. Nobody likes too

850
00:44:03,560 --> 00:44:05,719
Speaker 22: many road comes. But this is certainly not the way

851
00:44:05,760 --> 00:44:08,760
Speaker 22: that the government should have solved the issue. They should

852
00:44:08,760 --> 00:44:10,960
Speaker 22: have picked up the phone, had a conversation with counsels,

853
00:44:11,200 --> 00:44:13,400
Speaker 22: worked with them to get the information that they did,

854
00:44:13,400 --> 00:44:15,080
Speaker 22: and it certainly wouldn't have cost them at more than

855
00:44:15,080 --> 00:44:16,480
Speaker 22: one hundred and fifty grand.

856
00:44:16,520 --> 00:44:18,759
Speaker 3: At the end of the day, Tangy, there will be

857
00:44:18,760 --> 00:44:21,160
Speaker 3: people listening to this who will be saying, oh my goodness,

858
00:44:21,280 --> 00:44:23,840
Speaker 3: this is a labor empre I mean pot kettle black,

859
00:44:24,160 --> 00:44:26,400
Speaker 3: a labour MP going on about wasteful spending.

860
00:44:27,920 --> 00:44:30,160
Speaker 22: Well, the bottom line is this is the government that

861
00:44:30,320 --> 00:44:33,600
Speaker 22: is all about priorities, and it's chosen to pump one

862
00:44:33,680 --> 00:44:36,320
Speaker 22: hundred and fifty thousand dollars or more than one hundred

863
00:44:36,320 --> 00:44:38,239
Speaker 22: and fifty thousand dollars into something that has been a

864
00:44:38,280 --> 00:44:40,960
Speaker 22: complete failure. I congratulate the government on one thing, and

865
00:44:40,960 --> 00:44:43,640
Speaker 22: that is on calling it quits for the hotline rather

866
00:44:43,680 --> 00:44:47,080
Speaker 22: than being silly and continuing to roll it out into

867
00:44:47,160 --> 00:44:49,080
Speaker 22: next year. I've seen that this has been a failure

868
00:44:49,360 --> 00:44:51,480
Speaker 22: and they've decided to basically call the plug later this

869
00:44:51,520 --> 00:44:54,680
Speaker 22: week rather than continue to staff moving into next year.

870
00:44:54,760 --> 00:44:56,719
Speaker 3: Tangy, I appreciate you being on the show. Thank you

871
00:44:56,800 --> 00:45:00,640
Speaker 3: very much for that, and Merry Christmas to you. Have

872
00:45:00,680 --> 00:45:03,480
Speaker 3: a good one. That's Tanga Takety. He's the Labor Transport

873
00:45:03,560 --> 00:45:05,959
Speaker 3: spoke first and twenty one minutes after five now before

874
00:45:06,000 --> 00:45:07,719
Speaker 3: I didn't quite realize we were going to get him

875
00:45:07,760 --> 00:45:09,479
Speaker 3: on back to back. But I have some thoughts about

876
00:45:09,560 --> 00:45:11,919
Speaker 3: Tangy's press release today. I'll share them with you next.

877
00:45:12,280 --> 00:45:15,840
Speaker 2: Digging deeper into the d's headlines, it's Ryan Bridge on

878
00:45:15,960 --> 00:45:19,520
Speaker 2: hither dupless Ellen dry with one New Zealand coverage like

879
00:45:19,680 --> 00:45:21,200
Speaker 2: no one else news talks.

880
00:45:21,200 --> 00:45:23,799
Speaker 3: There'd be five twenty three. I was thinking last night

881
00:45:23,840 --> 00:45:27,400
Speaker 3: about the government's debts. We're touching cloth now on forty

882
00:45:27,600 --> 00:45:30,840
Speaker 3: six percent of GDP. I know it's massive, and this

883
00:45:30,920 --> 00:45:33,960
Speaker 3: from a country that hovered around twenty percent pre COVID.

884
00:45:34,560 --> 00:45:38,600
Speaker 3: And we still have roughly sixty thousand bureaucrats running around

885
00:45:38,920 --> 00:45:42,120
Speaker 3: minus only about five percent thanks to national and the

886
00:45:42,160 --> 00:45:45,560
Speaker 3: surplus keeps getting pushed out. Nobody wants to hack too

887
00:45:45,600 --> 00:45:48,200
Speaker 3: far into spending, of course, because then you'll spook the horses,

888
00:45:48,239 --> 00:45:49,840
Speaker 3: and no one wants to do that. And that's the

889
00:45:49,920 --> 00:45:53,799
Speaker 3: problem with government. Once you start doing something, it's very

890
00:45:53,840 --> 00:45:57,640
Speaker 3: hard to stop doing it. Once you hire somebody, very

891
00:45:57,640 --> 00:46:00,160
Speaker 3: hard to fire them, once you spend a dollar of

892
00:46:00,200 --> 00:46:03,200
Speaker 3: somebody else's money, It's very hard to stop spending it,

893
00:46:03,239 --> 00:46:07,239
Speaker 3: isn't it. And today Labour put out a press release complaining,

894
00:46:07,280 --> 00:46:10,120
Speaker 3: as we've just spoken to him, complaining about one hundred

895
00:46:10,160 --> 00:46:14,160
Speaker 3: and forty two thousand dollars of wasteful government spending. Talk

896
00:46:14,200 --> 00:46:18,480
Speaker 3: about being whacked with the irony stick. Labour's Tanga Utziketti

897
00:46:18,560 --> 00:46:21,000
Speaker 3: had a point, though, we spent all this money on

898
00:46:21,080 --> 00:46:24,080
Speaker 3: a hotline for road cones, and only a handful of

899
00:46:24,120 --> 00:46:27,160
Speaker 3: the cases that were investigated were actually breaking the rules,

900
00:46:27,600 --> 00:46:32,000
Speaker 3: so wasted money. Yes, you hire people to sit there

901
00:46:32,200 --> 00:46:35,719
Speaker 3: answering phones about road cones and you've wasted money. And

902
00:46:35,760 --> 00:46:38,359
Speaker 3: the press release said this, I want to quote it.

903
00:46:38,880 --> 00:46:42,680
Speaker 3: Not only was it virtually unused this is the hotline,

904
00:46:43,000 --> 00:46:46,319
Speaker 3: but the government also couldn't say how many cones it

905
00:46:46,400 --> 00:46:50,719
Speaker 3: resulted removing. He then broke down great work from him,

906
00:46:50,760 --> 00:46:54,200
Speaker 3: by the way, breaks down the cost per cone complaint

907
00:46:54,520 --> 00:46:57,160
Speaker 3: one hundred and thirty six dollars fifteen for every one

908
00:46:57,200 --> 00:47:00,759
Speaker 3: of the one thousand complaints that were logged. Excellent work,

909
00:47:00,800 --> 00:47:04,000
Speaker 3: and I mean this, it's fantastic. But where was this

910
00:47:04,080 --> 00:47:07,360
Speaker 3: guy in this logic when we were racking up the

911
00:47:07,400 --> 00:47:10,360
Speaker 3: debt and spending like drunken sailors. Where was this guy

912
00:47:10,760 --> 00:47:14,359
Speaker 3: and this attitude during the COVID years? But also, this

913
00:47:14,440 --> 00:47:18,239
Speaker 3: guy and this attitude will disappear into thin air once

914
00:47:18,239 --> 00:47:20,719
Speaker 3: they're back into government again. You can be sure of that.

915
00:47:21,120 --> 00:47:25,360
Speaker 3: Like Homer into a bush, he'll slither away unnoticed. You see,

916
00:47:25,520 --> 00:47:28,400
Speaker 3: this is politics, where we elect people to spend our money,

917
00:47:28,880 --> 00:47:30,960
Speaker 3: and then we elect different people who say that they

918
00:47:31,000 --> 00:47:33,480
Speaker 3: will stop spending so much of our money, and so

919
00:47:33,560 --> 00:47:35,880
Speaker 3: on and so on, until one day all of the

920
00:47:35,880 --> 00:47:37,799
Speaker 3: people have spent all of the money and we wake

921
00:47:37,880 --> 00:47:42,080
Speaker 3: up broke, Ryan Bridge five twenty six. If you travel

922
00:47:42,120 --> 00:47:45,640
Speaker 3: without travel insurance, it's a very bad idea. And Southern

923
00:47:45,680 --> 00:47:48,080
Speaker 3: Cross Today has put out a list of the most

924
00:47:48,320 --> 00:47:50,439
Speaker 3: you know how Spotify does a rap thing, and it's

925
00:47:50,440 --> 00:47:54,320
Speaker 3: like your top five best songs they've put out. Instead

926
00:47:54,320 --> 00:47:56,399
Speaker 3: of your top five best songs, it's like your top

927
00:47:56,440 --> 00:48:00,680
Speaker 3: five medical emergencies abroad that require you to have and

928
00:48:00,800 --> 00:48:02,680
Speaker 3: it would leave you in a financial ditch if you

929
00:48:02,680 --> 00:48:05,520
Speaker 3: didn't have insurance. So some of them. Two hundred and

930
00:48:05,520 --> 00:48:08,560
Speaker 3: twenty thousand dollars goes to one person who claimed for

931
00:48:08,640 --> 00:48:13,160
Speaker 3: a COVID illness while holidaying in Singapore. Six hundred and

932
00:48:13,239 --> 00:48:16,120
Speaker 3: forty two thousand dollars, someone had an illness in Italy.

933
00:48:17,000 --> 00:48:20,160
Speaker 3: Ninety five grand for a fractured hip in India. But

934
00:48:20,280 --> 00:48:22,319
Speaker 3: the one that takes the cake, and it's a very

935
00:48:22,360 --> 00:48:25,359
Speaker 3: sad case by the sound of it, although apparently things

936
00:48:25,360 --> 00:48:30,000
Speaker 3: that they're doing okay. Four million dollars. This is one

937
00:48:30,160 --> 00:48:34,759
Speaker 3: claim four million dollars for a premature baby who was

938
00:48:34,800 --> 00:48:40,759
Speaker 3: born unexpectedly and early, obviously overseas. Guess where America. So

939
00:48:40,920 --> 00:48:43,600
Speaker 3: basically the moral of the story gets some travel insurance

940
00:48:43,600 --> 00:48:46,920
Speaker 3: this summer twenty seven, after five News Talk, z'd.

941
00:48:46,719 --> 00:48:51,200
Speaker 6: Be you Love.

942
00:48:54,760 --> 00:48:58,680
Speaker 2: To Day's newsmakers talk to Ryan First, Ryan Bridge on

943
00:48:58,760 --> 00:49:02,520
Speaker 2: hither Dupissy Eleandre with One New Zealand and the power

944
00:49:02,560 --> 00:49:04,799
Speaker 2: of satellite mobile news Talk, said B.

945
00:49:08,680 --> 00:49:10,759
Speaker 3: Twenty five away from the six newswork, said B. On

946
00:49:10,800 --> 00:49:13,400
Speaker 3: your Wednesday evening, Jack came and Jordan William's standing by

947
00:49:13,480 --> 00:49:15,719
Speaker 3: for the huddle in just a few seconds from now.

948
00:49:16,000 --> 00:49:20,920
Speaker 3: We will also talk the Bondi story and the two

949
00:49:21,040 --> 00:49:24,640
Speaker 3: terrorists who went to the Philippines. What on earth were

950
00:49:24,680 --> 00:49:27,160
Speaker 3: they doing there? Is they're a nicest training camp in

951
00:49:27,200 --> 00:49:29,319
Speaker 3: the Philippines that we should know about. We'll discuss that

952
00:49:29,320 --> 00:49:32,440
Speaker 3: in just a second. Christmas is not far away, as

953
00:49:32,480 --> 00:49:35,400
Speaker 3: you know. And Brad Olsen over at in for metrics,

954
00:49:35,440 --> 00:49:37,400
Speaker 3: he's come up with some numbers on how much the

955
00:49:37,640 --> 00:49:40,799
Speaker 3: Christmas menu, the Christmas meal on Christmas Day is going

956
00:49:40,840 --> 00:49:44,080
Speaker 3: to cost you. So they have the same menu every year,

957
00:49:44,200 --> 00:49:47,720
Speaker 3: and those same items they don't change, but the price does.

958
00:49:48,120 --> 00:49:49,680
Speaker 3: He said, this year it's going to cost us an

959
00:49:49,680 --> 00:49:53,320
Speaker 3: extra twelve to eighteen percent on last year to feed

960
00:49:53,440 --> 00:49:58,160
Speaker 3: the mounds of our family members. Increase equates to about

961
00:49:58,280 --> 00:50:02,600
Speaker 3: thirty to fifty seven dollars extra for the overall cost

962
00:50:02,640 --> 00:50:06,680
Speaker 3: of the meal. The barbecue meal option is the most

963
00:50:06,760 --> 00:50:09,879
Speaker 3: expensive overall, coming in at around three hundred and two

964
00:50:09,960 --> 00:50:13,799
Speaker 3: dollars for a family, and that is up from up

965
00:50:13,800 --> 00:50:17,799
Speaker 3: to three hundred and eighty dollars. The roast meal is

966
00:50:18,520 --> 00:50:20,680
Speaker 3: now more than two hundred dollars for the first time

967
00:50:20,760 --> 00:50:22,560
Speaker 3: for a mant that's up from one hundred and seventy

968
00:50:22,600 --> 00:50:25,880
Speaker 3: eight dollars last year. So the total including snacks and

969
00:50:25,960 --> 00:50:28,640
Speaker 3: dessert and all that stuff, two hundred and seventy five

970
00:50:28,680 --> 00:50:33,120
Speaker 3: dollars is very expensive now. I noticed just recently gone out.

971
00:50:33,160 --> 00:50:35,080
Speaker 3: I've been out, been lucky enough to go out for

972
00:50:35,160 --> 00:50:38,920
Speaker 3: a couple of dinners with some friends and no one's

973
00:50:39,040 --> 00:50:42,799
Speaker 3: drinking these days alcohol And if you look at your boy,

974
00:50:42,800 --> 00:50:45,520
Speaker 3: does it make a difference where when you look at

975
00:50:45,520 --> 00:50:47,279
Speaker 3: the bill at the end of the meal, whether there's

976
00:50:47,320 --> 00:50:50,040
Speaker 3: boozse involved or not. So I think a Christmas just

977
00:50:50,120 --> 00:50:53,160
Speaker 3: either does it will make it so much cheaper. Just

978
00:50:53,239 --> 00:50:56,440
Speaker 3: do food or just do booze one or the other.

979
00:50:56,560 --> 00:50:58,879
Speaker 3: But it'll be a lot cheaper either way. Twenty three

980
00:50:58,880 --> 00:51:02,560
Speaker 3: away from six, I am bridge so investigators in Australia

981
00:51:02,600 --> 00:51:05,560
Speaker 3: looking very closely now at these suspected bond I shooters

982
00:51:05,560 --> 00:51:08,120
Speaker 3: and their recent trip to the Philippines spent most of

983
00:51:08,200 --> 00:51:11,239
Speaker 3: November there, they traveled to a region that's known to

984
00:51:11,280 --> 00:51:15,440
Speaker 3: be a hotbed of Islamic extremism. Doctor Clark Jones, an

985
00:51:15,520 --> 00:51:20,120
Speaker 3: expert on extremism, also worked in Philippine prisons and joins

986
00:51:20,200 --> 00:51:24,600
Speaker 3: me this evening, good evening, good evening. What do we

987
00:51:24,680 --> 00:51:28,279
Speaker 3: need to know about Islamic extremism in the Philippines And

988
00:51:28,360 --> 00:51:31,920
Speaker 3: are the ISIS training camps there? What's going on?

989
00:51:33,120 --> 00:51:36,240
Speaker 23: We've got to be careful, you know, how we expand

990
00:51:36,280 --> 00:51:39,680
Speaker 23: this I think Look, I would say I wouldn't class

991
00:51:39,680 --> 00:51:42,040
Speaker 23: it as a hotbed for filing the streamism any longer.

992
00:51:42,440 --> 00:51:46,280
Speaker 23: There's been some very successful operations by the Armed Forces

993
00:51:46,320 --> 00:51:50,239
Speaker 23: of the Philippines, the Philippine National Police and foreign counterparts

994
00:51:50,400 --> 00:51:55,040
Speaker 23: at addressing the threat of terrorism. That said, for my

995
00:51:55,160 --> 00:51:57,799
Speaker 23: current experience, I still work in the prison system there,

996
00:51:58,960 --> 00:52:00,759
Speaker 23: and from what I know of that there are still

997
00:52:00,800 --> 00:52:05,200
Speaker 23: active cells in the Philippines, such as Islaming State East

998
00:52:05,239 --> 00:52:11,239
Speaker 23: Asia ABISIF and other small elements operating. So when there

999
00:52:11,320 --> 00:52:15,280
Speaker 23: was a connection to the recent atrocities or terrorist attack

1000
00:52:15,320 --> 00:52:20,279
Speaker 23: in Bondi. I was well surprised there was some sort

1001
00:52:20,320 --> 00:52:24,719
Speaker 23: of link to the Philippines, but not surprised that terrorism

1002
00:52:24,800 --> 00:52:27,160
Speaker 23: is probably still active, but not to the scale that

1003
00:52:27,640 --> 00:52:29,719
Speaker 23: I've heard in some media sources calling it a hot

1004
00:52:29,760 --> 00:52:30,520
Speaker 23: bed for terrorism.

1005
00:52:30,680 --> 00:52:34,640
Speaker 3: Right when you say active, what do you mean, oh,

1006
00:52:34,719 --> 00:52:35,080
Speaker 3: that they.

1007
00:52:35,040 --> 00:52:42,200
Speaker 23: Still still have the ideological will to attack government forces.

1008
00:52:43,360 --> 00:52:45,720
Speaker 23: Last year, I think there were twenty one small scale

1009
00:52:45,800 --> 00:52:50,360
Speaker 23: attacks in by various groups in the Philippines. I know

1010
00:52:50,840 --> 00:52:54,239
Speaker 23: that it's with some that are incarcerated, they're still very,

1011
00:52:54,360 --> 00:52:58,040
Speaker 23: very active, So they still have a will to cause harm,

1012
00:52:58,160 --> 00:53:02,840
Speaker 23: to cause terrorists violence. So you know that hasn't that

1013
00:53:02,920 --> 00:53:06,440
Speaker 23: hasn't gone away. But the Philippines is different from some

1014
00:53:06,600 --> 00:53:11,080
Speaker 23: other countries in that it's it's very socio economic driven

1015
00:53:11,200 --> 00:53:17,160
Speaker 23: rather than religious driven. There's a lot of people that

1016
00:53:17,280 --> 00:53:19,239
Speaker 23: haves and the haves not. You know, people a lot

1017
00:53:19,239 --> 00:53:24,399
Speaker 23: of inequality of those in Muslim inda now, so there

1018
00:53:24,400 --> 00:53:28,560
Speaker 23: are different drivers. It's entwined with criminal behavior, quitting up

1019
00:53:28,560 --> 00:53:32,760
Speaker 23: for ransom, so forth, clan conflict. So it's not straightforward

1020
00:53:32,840 --> 00:53:36,279
Speaker 23: just to talk about extremism, radicalization and the terror.

1021
00:53:36,480 --> 00:53:36,840
Speaker 1: Terrorism.

1022
00:53:36,920 --> 00:53:40,120
Speaker 3: What we know about really appreciate that. Thanks to you analysis,

1023
00:53:40,120 --> 00:53:43,080
Speaker 3: Doctor Clark Jones. Reshaped Justice Group has spent time in

1024
00:53:43,120 --> 00:53:45,800
Speaker 3: Philippine prisons. It is twenty one minutes away from Sex

1025
00:53:46,600 --> 00:53:47,359
Speaker 3: the Huddle with.

1026
00:53:47,400 --> 00:53:50,560
Speaker 2: New Zealand Southeast International Realty, a name you can trust

1027
00:53:50,640 --> 00:53:52,719
Speaker 2: locally and globally.

1028
00:53:52,320 --> 00:53:54,160
Speaker 3: On Thehuddle of Tonight. Jack Tame, host of Q and

1029
00:53:54,239 --> 00:53:57,839
Speaker 3: A on Saturday mornings here on News Talk ZIB Jack,

1030
00:53:58,000 --> 00:54:01,879
Speaker 3: Good afternoon to you. Hi our Jordan Williams as west

1031
00:54:01,920 --> 00:54:02,960
Speaker 3: Well from the Taxpayers Union.

1032
00:54:03,000 --> 00:54:04,719
Speaker 12: Hey, Jordan, hallo, you too.

1033
00:54:05,239 --> 00:54:08,360
Speaker 3: We'll start with the mixed skimming sentence. So nine months

1034
00:54:08,400 --> 00:54:11,960
Speaker 3: home detention. Jordan, did you expect more? Yeah?

1035
00:54:11,960 --> 00:54:12,279
Speaker 1: I did.

1036
00:54:12,960 --> 00:54:16,040
Speaker 12: I can't believe it, you know, ten years of or

1037
00:54:16,120 --> 00:54:20,080
Speaker 12: it admitted ten years of offending. Of course, being it

1038
00:54:20,120 --> 00:54:22,880
Speaker 12: looks like the judges got to eighteen months in prisonment

1039
00:54:22,920 --> 00:54:25,080
Speaker 12: because that's less than two years. The judge has a

1040
00:54:25,120 --> 00:54:28,600
Speaker 12: discretion to make that home detention, and by doing that,

1041
00:54:29,040 --> 00:54:32,640
Speaker 12: the sentence is then halved because if you are sentenced

1042
00:54:32,640 --> 00:54:35,479
Speaker 12: to eighteen months in prison, you're automatically out in half

1043
00:54:35,520 --> 00:54:38,440
Speaker 12: the time. So when they convert it to home detention,

1044
00:54:38,640 --> 00:54:40,799
Speaker 12: it is halved. I think that most of these the

1045
00:54:40,840 --> 00:54:45,960
Speaker 12: Islanders would be shocked how lenient our sentences are on

1046
00:54:46,120 --> 00:54:50,440
Speaker 12: his favor. It's a first offense, But I'd argue, someone

1047
00:54:50,600 --> 00:54:54,719
Speaker 12: in such a position of power and authority, what a

1048
00:54:54,760 --> 00:54:58,920
Speaker 12: perfect example to be made, an example of you know

1049
00:54:58,960 --> 00:55:03,920
Speaker 12: what you'd you know, ten years of awful, awful Kenny

1050
00:55:03,960 --> 00:55:06,440
Speaker 12: Paorn and Beast Reality and what's the punishment?

1051
00:55:06,480 --> 00:55:07,640
Speaker 1: Go home and watch Netflix.

1052
00:55:07,719 --> 00:55:09,279
Speaker 12: I think it's disgusting.

1053
00:55:09,000 --> 00:55:11,000
Speaker 3: Jack, a lot of you can imagine what people are

1054
00:55:11,000 --> 00:55:13,960
Speaker 3: saying or the text machine Jack and the fact that

1055
00:55:14,000 --> 00:55:16,719
Speaker 3: he was a police officer, they say, is kind of

1056
00:55:16,719 --> 00:55:18,440
Speaker 3: a reason to not put you know, he would be

1057
00:55:18,440 --> 00:55:20,040
Speaker 3: a target if you put him in prison.

1058
00:55:20,760 --> 00:55:23,319
Speaker 24: Well, I mean, there are mechanisms in prison that can

1059
00:55:23,360 --> 00:55:27,800
Speaker 24: provide additional protection to inmates. I was personally very surprised,

1060
00:55:27,960 --> 00:55:30,960
Speaker 24: but I had just I think, going into today, I

1061
00:55:31,040 --> 00:55:33,719
Speaker 24: was expecting a custodial sentence and thought that would be that,

1062
00:55:33,920 --> 00:55:36,279
Speaker 24: and that obviously wasn't the case. But I mean, I

1063
00:55:37,360 --> 00:55:39,799
Speaker 24: suppose the one, the one I've got a nine months

1064
00:55:39,800 --> 00:55:43,719
Speaker 24: old who's screaming, I'm sorry. I suppose the one countermeasure

1065
00:55:43,719 --> 00:55:49,000
Speaker 24: I would say is that his reputation is destroyed, his

1066
00:55:49,160 --> 00:55:52,880
Speaker 24: career is destroyed, his prospects of future employment are destroyed.

1067
00:55:52,920 --> 00:55:54,960
Speaker 24: He probably feels like he can't be seen in public,

1068
00:55:55,160 --> 00:55:57,160
Speaker 24: and I suppose those are all kind of, you know,

1069
00:55:57,239 --> 00:55:59,359
Speaker 24: considerations for the judge in this case as well.

1070
00:56:00,320 --> 00:56:02,560
Speaker 3: Jordan Williams and Jack Tam on the Huddle tonight. We'll

1071
00:56:02,600 --> 00:56:04,879
Speaker 3: be back talk about the road cone hotline that's now

1072
00:56:04,960 --> 00:56:07,239
Speaker 3: dead in the water. It's eighteen away from six.

1073
00:56:08,400 --> 00:56:11,920
Speaker 2: The Huddle with New Zealand Southeby's International Real Team, the

1074
00:56:11,920 --> 00:56:13,640
Speaker 2: only truly global.

1075
00:56:13,280 --> 00:56:16,160
Speaker 3: Brand sixteen to six. Welcome back, Jack Tam and Jordan

1076
00:56:16,160 --> 00:56:19,880
Speaker 3: Williams on the Huddle tonight. Jordan, I don't imagine. Well, actually,

1077
00:56:19,960 --> 00:56:22,719
Speaker 3: do you agree with Labor that this road cone hotline

1078
00:56:22,760 --> 00:56:24,360
Speaker 3: thing was a total waste of money?

1079
00:56:25,040 --> 00:56:27,480
Speaker 12: I really hope Nichola Willis isn't listening, but yes, I

1080
00:56:27,520 --> 00:56:30,720
Speaker 12: totally agree with Labor. It was a total waste of money.

1081
00:56:30,800 --> 00:56:32,920
Speaker 12: Did either of you guys have either of you used it?

1082
00:56:33,200 --> 00:56:33,319
Speaker 6: No?

1083
00:56:34,320 --> 00:56:38,040
Speaker 12: No, if Jack, have you used it? I did use

1084
00:56:38,080 --> 00:56:39,920
Speaker 12: it because I'm one of these people that are triggered

1085
00:56:39,920 --> 00:56:43,080
Speaker 12: by cones. There was a cone keeping me up that night.

1086
00:56:43,200 --> 00:56:45,680
Speaker 12: It was looking at me down from the end of

1087
00:56:45,680 --> 00:56:48,560
Speaker 12: my driveway, so I got up in the middle of

1088
00:56:48,560 --> 00:56:51,400
Speaker 12: the night to use the twenty four hour Cone hotline.

1089
00:56:51,440 --> 00:56:54,080
Speaker 12: But I found it's not actually hotline, it's not twenty

1090
00:56:54,120 --> 00:56:56,960
Speaker 12: four hours. It's just nothing but a web form, totally useless.

1091
00:56:57,239 --> 00:56:58,960
Speaker 12: So I found a better way if you're one of

1092
00:56:58,960 --> 00:57:01,600
Speaker 12: those people worried is just call your local MP. So

1093
00:57:01,640 --> 00:57:04,200
Speaker 12: I just called Brook and tell her about the cones

1094
00:57:04,200 --> 00:57:06,000
Speaker 12: because you know that's what we were told we were getting.

1095
00:57:06,160 --> 00:57:07,920
Speaker 3: Did you think about moving it yourself?

1096
00:57:09,200 --> 00:57:09,359
Speaker 10: Oh?

1097
00:57:09,360 --> 00:57:11,160
Speaker 12: Well, the thing is with cones is that one of

1098
00:57:11,160 --> 00:57:13,200
Speaker 12: those I mean, just talk to the Auckland Mirror. It's

1099
00:57:13,200 --> 00:57:14,280
Speaker 12: emotionally triggering.

1100
00:57:14,440 --> 00:57:14,680
Speaker 10: Ryan.

1101
00:57:14,880 --> 00:57:18,000
Speaker 12: You know, you shouldn't joke about these sorts of things.

1102
00:57:18,040 --> 00:57:20,040
Speaker 12: But look, I just just give Brook a call, you know,

1103
00:57:20,120 --> 00:57:24,240
Speaker 12: two seven three zero zero six six, and you know,

1104
00:57:24,360 --> 00:57:25,320
Speaker 12: just give.

1105
00:57:25,920 --> 00:57:29,360
Speaker 3: That's not it, that's not an actual number, right, No,

1106
00:57:29,480 --> 00:57:36,280
Speaker 3: of course, okay, Jack. Do you think because the problem

1107
00:57:36,320 --> 00:57:39,640
Speaker 3: with the road cones that I think the act Party

1108
00:57:39,680 --> 00:57:42,080
Speaker 3: and the Coalition was trying to address is that people

1109
00:57:42,120 --> 00:57:44,520
Speaker 3: felt like they were completely powerless, that they were taking

1110
00:57:44,520 --> 00:57:47,280
Speaker 3: over the streets, and so you give people a hot line,

1111
00:57:47,280 --> 00:57:51,000
Speaker 3: a button depress, go and relieve your stresses. It was

1112
00:57:51,040 --> 00:57:53,600
Speaker 3: a form, not a hot line. Or whatever it was. Yeah,

1113
00:57:54,960 --> 00:57:58,560
Speaker 3: but at what cost. I mean, the latest numbers that I've.

1114
00:57:58,440 --> 00:58:00,919
Speaker 24: Seen today and maybe the minute to can upgrade these

1115
00:58:01,240 --> 00:58:04,520
Speaker 24: were it up until September, it had cost us almost

1116
00:58:04,520 --> 00:58:07,080
Speaker 24: one hundred and fifty thousand dollars as taxpayers. So if

1117
00:58:07,120 --> 00:58:10,320
Speaker 24: you break it down per complaint, Labor Reckons, it's about

1118
00:58:10,320 --> 00:58:13,760
Speaker 24: one hundred and thirty five bucks per complaint, the Greens reckons,

1119
00:58:14,000 --> 00:58:18,240
Speaker 24: it's more than seven hundred dollars per road cone actually moved,

1120
00:58:18,600 --> 00:58:21,600
Speaker 24: and apparently the vast majority, like eighty five or eighty

1121
00:58:21,640 --> 00:58:24,840
Speaker 24: six percent of the complaints that were investigated actually turned

1122
00:58:24,840 --> 00:58:27,800
Speaker 24: out to be totally compliant. So I just think it's

1123
00:58:27,840 --> 00:58:31,640
Speaker 24: hard to seriously make an argument that this has been

1124
00:58:31,760 --> 00:58:34,040
Speaker 24: much more than just a performative stunt. And honestly, when

1125
00:58:34,080 --> 00:58:36,920
Speaker 24: it was first introduced, the sense I got was that

1126
00:58:36,920 --> 00:58:39,000
Speaker 24: they were just trying to, you know, kind of piggyback

1127
00:58:39,040 --> 00:58:41,160
Speaker 24: on some of the support that Wayne Brown had had

1128
00:58:41,200 --> 00:58:42,960
Speaker 24: with his road cone messaging, and.

1129
00:58:42,920 --> 00:58:44,840
Speaker 22: They were just trying to have a piece of the pot.

1130
00:58:44,920 --> 00:58:46,640
Speaker 12: He was on the he was on the hotline all

1131
00:58:46,680 --> 00:58:47,200
Speaker 12: day and night.

1132
00:58:47,360 --> 00:58:50,680
Speaker 3: Yeah, one dred All right, Well, when I guess the

1133
00:58:50,760 --> 00:58:54,240
Speaker 3: only point you could make is that it's shown that

1134
00:58:54,880 --> 00:58:57,520
Speaker 3: when people complain about stuff, so people see that there's

1135
00:58:57,520 --> 00:59:01,400
Speaker 3: a problem. And then just because compliant, does that mean

1136
00:59:01,440 --> 00:59:03,720
Speaker 3: that there's nothing to see here, or does that mean

1137
00:59:03,760 --> 00:59:06,320
Speaker 3: that the rules are too stringent and that we shouldn't

1138
00:59:06,320 --> 00:59:08,720
Speaker 3: be having so many road cones in the first place.

1139
00:59:08,800 --> 00:59:11,200
Speaker 12: You know what I'm saying, That would be well, that's

1140
00:59:11,200 --> 00:59:15,120
Speaker 12: exactly the issue. Brooke has otherwise been an outstanding minister.

1141
00:59:15,520 --> 00:59:17,680
Speaker 12: But the real issue is our health and safety laws

1142
00:59:17,840 --> 00:59:20,840
Speaker 12: have this you've got to take as a personal liability

1143
00:59:20,840 --> 00:59:24,040
Speaker 12: on directors, you've got to take all practicable steps, which

1144
00:59:24,080 --> 00:59:27,320
Speaker 12: the courts have interpreted as the industry standard, meaning that

1145
00:59:27,360 --> 00:59:30,040
Speaker 12: you know, the fiftieth percentile. So what that means is

1146
00:59:30,040 --> 00:59:32,800
Speaker 12: that everyone is striving to be higher than average in

1147
00:59:32,880 --> 00:59:35,120
Speaker 12: order to be compliant with the law. So when you

1148
00:59:35,200 --> 00:59:37,960
Speaker 12: have things like road cones, you just slap the rational

1149
00:59:38,000 --> 00:59:40,760
Speaker 12: thing under the law. It's just slapped down as many

1150
00:59:40,800 --> 00:59:45,360
Speaker 12: as you possibly can, because technically half of the roadworks

1151
00:59:45,440 --> 00:59:47,439
Speaker 12: is not compliant with the law because it's not taking

1152
00:59:47,480 --> 00:59:48,959
Speaker 12: all practicable steps to be saved.

1153
00:59:49,000 --> 00:59:49,400
Speaker 3: Exactly.

1154
00:59:49,520 --> 00:59:51,320
Speaker 12: That was the test that needed to be fixed. Not

1155
00:59:52,120 --> 00:59:54,240
Speaker 12: with the greatest respect to my local MP.

1156
00:59:55,080 --> 00:59:59,439
Speaker 3: This Gemmick Jack Susie Wilds the story in Vanity Fair,

1157
01:00:00,840 --> 01:00:03,760
Speaker 3: how can you have like who do you believe? She says? No, Look,

1158
01:00:04,160 --> 01:00:06,200
Speaker 3: everything was taken out of context. And if you read

1159
01:00:06,320 --> 01:00:09,000
Speaker 3: some of what she has said that you know, the

1160
01:00:09,760 --> 01:00:12,640
Speaker 3: not necessarily vanity fear, but the reporting of it has

1161
01:00:13,040 --> 01:00:14,960
Speaker 3: has kind of tipped it on its head a little bit.

1162
01:00:15,000 --> 01:00:17,720
Speaker 3: Do you agree? I?

1163
01:00:17,760 --> 01:00:21,440
Speaker 24: Look, I thought, okay, what could the context possibly be

1164
01:00:21,640 --> 01:00:24,560
Speaker 24: for these quotes? And I'm not sure that the detail

1165
01:00:24,680 --> 01:00:28,920
Speaker 24: she's given around them fundamentally changes the sensational nature of

1166
01:00:29,360 --> 01:00:31,439
Speaker 24: what she said. I mean, I think what she said

1167
01:00:31,600 --> 01:00:35,200
Speaker 24: is pretty extraordinary, to be honest, and I'm surprised that

1168
01:00:35,280 --> 01:00:38,520
Speaker 24: someone has experienced as her would put herself up for

1169
01:00:38,560 --> 01:00:42,280
Speaker 24: an interview with an outfit like vanity fear, making, you know,

1170
01:00:43,560 --> 01:00:46,600
Speaker 24: regardless of the context, making comments where she compares the

1171
01:00:46,600 --> 01:00:50,479
Speaker 24: president to having an alcoholics personality and not expect those

1172
01:00:50,480 --> 01:00:53,640
Speaker 24: comments to be, you know, to spread like wildfire. I mean,

1173
01:00:53,680 --> 01:00:57,000
Speaker 24: it seems like the epitome of naivety to me. That

1174
01:00:57,400 --> 01:01:00,640
Speaker 24: being said, you know, I actually kind of understand the

1175
01:01:00,680 --> 01:01:03,960
Speaker 24: point she's making with the alcoholics personality.

1176
01:01:03,440 --> 01:01:04,840
Speaker 3: And I don't know how she intended it to.

1177
01:01:04,760 --> 01:01:07,160
Speaker 24: Be quite as quite as critical as it as it's

1178
01:01:07,200 --> 01:01:09,760
Speaker 24: come off. But yeah, I just I just can't imagine

1179
01:01:09,760 --> 01:01:12,000
Speaker 24: how you're going into into an interview with Nity Fear

1180
01:01:12,080 --> 01:01:14,440
Speaker 24: say something like that and they're not expected to spread

1181
01:01:14,440 --> 01:01:15,000
Speaker 24: around the world.

1182
01:01:15,120 --> 01:01:17,360
Speaker 3: Maybe she did. Maybe it's all a plot, you know,

1183
01:01:17,400 --> 01:01:20,960
Speaker 3: and to go after the fourth of State, Jordan, did

1184
01:01:20,960 --> 01:01:23,320
Speaker 3: you see the comments that she made? What did you make?

1185
01:01:24,440 --> 01:01:27,400
Speaker 12: It was very odd, especially at some sort of level,

1186
01:01:27,440 --> 01:01:30,520
Speaker 12: that there wasn't a third party or press secretary or

1187
01:01:30,520 --> 01:01:34,959
Speaker 12: something recording. You know, the current White House is very

1188
01:01:35,000 --> 01:01:37,000
Speaker 12: selective on her they have in that press pool and

1189
01:01:37,040 --> 01:01:40,680
Speaker 12: who they speak to, and really will they toss people

1190
01:01:40,720 --> 01:01:42,720
Speaker 12: out if you are seen to be not just speaking

1191
01:01:42,720 --> 01:01:44,680
Speaker 12: out of turn, but speaking to the wrong people. So

1192
01:01:44,720 --> 01:01:46,800
Speaker 12: it is a little bit of a head scratcher, But

1193
01:01:46,840 --> 01:01:50,280
Speaker 12: it's why it's always why live radio is best, because

1194
01:01:50,280 --> 01:01:53,600
Speaker 12: then it's hard for you know, those those journalists in

1195
01:01:53,640 --> 01:01:57,400
Speaker 12: print to misinterpret or be sneaking with what you've said.

1196
01:01:57,480 --> 01:01:59,560
Speaker 3: Yeah, one hundred percent. It can always be chopped up

1197
01:01:59,600 --> 01:02:02,720
Speaker 3: on mine later, but that's another issue. Hey, just before

1198
01:02:02,720 --> 01:02:05,440
Speaker 3: we go, what's happened with Ruth Jordan?

1199
01:02:05,520 --> 01:02:05,840
Speaker 6: Wise?

1200
01:02:05,920 --> 01:02:07,720
Speaker 12: She pulled out of this debate we got sick of

1201
01:02:07,760 --> 01:02:10,200
Speaker 12: the sick of being jerked around the you know, it

1202
01:02:10,240 --> 01:02:12,440
Speaker 12: turns out the big Challey just be clear, the big

1203
01:02:12,520 --> 01:02:15,360
Speaker 12: challenge was laid down by Nikola Willis old about you

1204
01:02:15,400 --> 01:02:18,560
Speaker 12: any time, anywhere, But apparently it was only where she wanted,

1205
01:02:19,080 --> 01:02:21,400
Speaker 12: the time she wanted them, with the moderator she wanted.

1206
01:02:21,600 --> 01:02:25,480
Speaker 12: And actually it's now become clear what the whole thing

1207
01:02:25,600 --> 01:02:29,200
Speaker 12: of going after Ruth and making the frankly disgraceful comments

1208
01:02:29,240 --> 01:02:32,840
Speaker 12: about you know, training in human misery and trampling on

1209
01:02:32,880 --> 01:02:38,160
Speaker 12: the history of the National Party and Ruth's excellent legacy

1210
01:02:38,200 --> 01:02:43,600
Speaker 12: and economic growth and that soon followed was actually just

1211
01:02:43,640 --> 01:02:47,680
Speaker 12: a distraction to those diabolical numbers yesterday. And so Ruth

1212
01:02:47,760 --> 01:02:48,160
Speaker 12: right Andy.

1213
01:02:48,040 --> 01:02:50,280
Speaker 22: Said, look three, here's three good offers.

1214
01:02:49,960 --> 01:02:52,800
Speaker 12: One which involved you know, your good show and you

1215
01:02:52,960 --> 01:02:58,160
Speaker 12: hosting it, and instead Nichola Willis's she's out there booking

1216
01:02:58,200 --> 01:03:00,640
Speaker 12: her own rooms, booking this, insisting on that. And actually

1217
01:03:00,640 --> 01:03:03,520
Speaker 12: what she has said publicly did not match what or

1218
01:03:03,520 --> 01:03:07,280
Speaker 12: her offices, what her office was saying behind the scenes,

1219
01:03:07,400 --> 01:03:10,000
Speaker 12: as as you know, so as you can tell a

1220
01:03:10,040 --> 01:03:11,320
Speaker 12: little bit irritated, but I.

1221
01:03:11,240 --> 01:03:14,000
Speaker 3: Can hear that as much as you were about the

1222
01:03:14,040 --> 01:03:15,240
Speaker 3: road come previous week.

1223
01:03:15,480 --> 01:03:19,120
Speaker 12: The previous week, the issue was school lunches, and we've

1224
01:03:19,160 --> 01:03:23,160
Speaker 12: now had eleven days of talking about far more important matters,

1225
01:03:23,160 --> 01:03:24,960
Speaker 12: and that is the fiscals of museals.

1226
01:03:25,040 --> 01:03:25,200
Speaker 6: Jack.

1227
01:03:25,240 --> 01:03:26,520
Speaker 3: Did you like the fudge?

1228
01:03:28,800 --> 01:03:29,800
Speaker 24: I did like the fudge?

1229
01:03:29,920 --> 01:03:30,120
Speaker 3: Yep.

1230
01:03:30,200 --> 01:03:31,960
Speaker 24: And and it was you know, I've got to say

1231
01:03:32,000 --> 01:03:36,800
Speaker 24: it was very professionally packed. It was so it was.

1232
01:03:38,080 --> 01:03:38,880
Speaker 6: Do a great job.

1233
01:03:39,880 --> 01:03:42,280
Speaker 3: Who did that? Was it not a proper food company?

1234
01:03:44,120 --> 01:03:45,640
Speaker 12: Were the proper food company do it?

1235
01:03:45,640 --> 01:03:46,200
Speaker 6: But we did.

1236
01:03:46,400 --> 01:03:49,720
Speaker 12: We did repack some of the the something like not

1237
01:03:49,760 --> 01:03:51,960
Speaker 12: the actual fudge, but the boxes were in the boxes

1238
01:03:52,320 --> 01:03:54,760
Speaker 12: we repacked and it was all hands on deck.

1239
01:03:55,040 --> 01:03:55,720
Speaker 3: Okay, very good.

1240
01:03:55,720 --> 01:03:57,520
Speaker 12: I lost track how many days ago it was.

1241
01:03:57,760 --> 01:04:00,240
Speaker 3: Jordan Williams, Jack tame on the huddle. Thanks guys. It

1242
01:04:00,400 --> 01:04:03,040
Speaker 3: is eight minutes away from six News Talks VB.

1243
01:04:04,600 --> 01:04:07,880
Speaker 2: It's the Heather Duper c Allen Drive Full Show podcast

1244
01:04:08,000 --> 01:04:11,280
Speaker 2: on iHeartRadio powered by News TALKSB.

1245
01:04:12,960 --> 01:04:15,720
Speaker 3: Five to six News Talks MB. A couple of things

1246
01:04:15,720 --> 01:04:17,720
Speaker 3: to update. We're about to get into the business hour,

1247
01:04:17,880 --> 01:04:19,800
Speaker 3: and so in keeping with that theme, I've got a

1248
01:04:19,840 --> 01:04:21,960
Speaker 3: couple of things to get your across business wise. The

1249
01:04:22,000 --> 01:04:24,440
Speaker 3: current account deficit is doing what we wanted to do.

1250
01:04:24,520 --> 01:04:29,080
Speaker 3: It shrinking, which is great. So the deficit, which ballooned

1251
01:04:29,080 --> 01:04:32,280
Speaker 3: out to nine percent three years ago has now come

1252
01:04:32,360 --> 01:04:35,240
Speaker 3: down to three and a half percent. To June it

1253
01:04:35,400 --> 01:04:38,040
Speaker 3: was three point seven percent of GDP, So we are

1254
01:04:38,040 --> 01:04:40,960
Speaker 3: coming down, coming down, which is great. We are, you know,

1255
01:04:41,440 --> 01:04:45,120
Speaker 3: spending less in the world than we are, well almost

1256
01:04:45,200 --> 01:04:47,640
Speaker 3: spending less in the world than we are earning overseas,

1257
01:04:48,160 --> 01:04:51,320
Speaker 3: which is good for us well, good for our exporters obviously,

1258
01:04:51,320 --> 01:04:53,880
Speaker 3: but it's also good for the credit rating agencies. You know,

1259
01:04:53,920 --> 01:04:56,440
Speaker 3: when they write up their reports, they say, hey, we

1260
01:04:56,480 --> 01:04:59,240
Speaker 3: don't like that and we don't like you being too exposed.

1261
01:04:59,520 --> 01:05:01,200
Speaker 3: So the fact that it's drinking is a good thing.

1262
01:05:02,240 --> 01:05:05,560
Speaker 3: Freightways is pushing further into Australia fight. This is a

1263
01:05:05,560 --> 01:05:09,760
Speaker 3: great success story for New Zealand, so expanded. They've already

1264
01:05:09,760 --> 01:05:11,720
Speaker 3: bought one. You might remember a couple of years ago

1265
01:05:11,800 --> 01:05:15,680
Speaker 3: Freightways bought a business in Australia. This was back in

1266
01:05:15,720 --> 01:05:19,360
Speaker 3: twenty twenty two, Allied Express. So they've been on the

1267
01:05:19,480 --> 01:05:22,080
Speaker 3: hunt and they've made no secret of this, on the

1268
01:05:22,200 --> 01:05:25,840
Speaker 3: hunt for a business across the Tasman another freight business

1269
01:05:25,880 --> 01:05:30,200
Speaker 3: and they have found one in Victoria, VT. Freight Express,

1270
01:05:30,520 --> 01:05:34,440
Speaker 3: and they have purchased that, subject to some conditions being met,

1271
01:05:34,480 --> 01:05:37,680
Speaker 3: will happen and go through in January. And so they

1272
01:05:37,680 --> 01:05:39,200
Speaker 3: reckon that's going to be a winner for them. They

1273
01:05:39,200 --> 01:05:43,080
Speaker 3: looked at about forty different businesses and appraised them and

1274
01:05:43,200 --> 01:05:45,400
Speaker 3: looked at the books, opened the books, and decided that

1275
01:05:45,520 --> 01:05:48,640
Speaker 3: was the one to go with. In America, you know,

1276
01:05:48,680 --> 01:05:51,320
Speaker 3: the Netflix deal, and I'm still waiting on what, you know,

1277
01:05:51,400 --> 01:05:53,800
Speaker 3: deciding what I should do with those shares, as you'll

1278
01:05:53,800 --> 01:05:57,320
Speaker 3: be keenly aware. But then boss of Netflix, so they've

1279
01:05:57,360 --> 01:05:59,680
Speaker 3: come out with an offer for Warner Brothers, remember, and

1280
01:05:59,720 --> 01:06:02,400
Speaker 3: then Paramount the studio has come out with their own.

1281
01:06:03,200 --> 01:06:06,720
Speaker 3: The Netflix boss is trying to twist your arm if

1282
01:06:06,760 --> 01:06:09,800
Speaker 3: you're a shareholder and is saying, don't worry, We're not

1283
01:06:09,880 --> 01:06:13,560
Speaker 3: going to ditch the movies. So this is the Netflix

1284
01:06:13,600 --> 01:06:18,080
Speaker 3: CEO coming out in saying, because previously this guy has said,

1285
01:06:18,760 --> 01:06:22,880
Speaker 3: you know, cinema is outdated, go stream on Netflix, and

1286
01:06:22,920 --> 01:06:25,520
Speaker 3: now he's saying, don't worry if we if we get

1287
01:06:25,560 --> 01:06:28,439
Speaker 3: Warner Brothers, we'll keep putting things in the movies. Does

1288
01:06:28,440 --> 01:06:30,600
Speaker 3: anyone you know that does anyone believe that or does

1289
01:06:30,680 --> 01:06:32,640
Speaker 3: that sound like a guy who's just trying to take

1290
01:06:32,680 --> 01:06:35,760
Speaker 3: over a company and will say anything to make that happen.

1291
01:06:36,480 --> 01:06:39,600
Speaker 3: I think the latter's coming up to six on Newstalk

1292
01:06:39,680 --> 01:06:41,440
Speaker 3: Setpe Business next.

1293
01:06:44,800 --> 01:06:48,600
Speaker 1: What's up, what's down? What were the major calls and

1294
01:06:48,720 --> 01:06:50,240
Speaker 1: how will it affect the economy?

1295
01:06:50,320 --> 01:06:54,280
Speaker 2: The big business questions on the Business Hour with Ryan

1296
01:06:54,320 --> 01:06:58,600
Speaker 2: Bridge and Man's Motor Vehicle Insurance, Your Futures at Good

1297
01:06:58,600 --> 01:07:01,240
Speaker 2: Hands News Talks.

1298
01:07:00,400 --> 01:07:02,280
Speaker 3: Good Evening. It a seven after six, we'll get to

1299
01:07:02,360 --> 01:07:05,400
Speaker 3: Rumy Morgan from Milford with a market updates. Shortly Showbiz

1300
01:07:05,440 --> 01:07:09,040
Speaker 3: for you. Arna Brennan's comments this week from the rbn Z,

1301
01:07:09,240 --> 01:07:12,320
Speaker 3: the multiple interviews she's given, we'll talk about those as well,

1302
01:07:12,360 --> 01:07:14,600
Speaker 3: and Gavin Gray's in the UK for us before top

1303
01:07:14,640 --> 01:07:17,360
Speaker 3: of the r speaking of the Reserve Bank. They are

1304
01:07:17,440 --> 01:07:20,640
Speaker 3: changing some banking rules and there is just a glimmer

1305
01:07:20,680 --> 01:07:23,040
Speaker 3: of hope that it might result in lower mortgage rates

1306
01:07:23,040 --> 01:07:25,360
Speaker 3: for all of us, so we're interested in this. Banks

1307
01:07:25,400 --> 01:07:28,040
Speaker 3: will no longer be required to hold as much capital

1308
01:07:28,080 --> 01:07:31,440
Speaker 3: in case they run into trouble, get into a tight spot.

1309
01:07:31,680 --> 01:07:34,160
Speaker 3: Those were the rules that Adrian or put in place,

1310
01:07:34,200 --> 01:07:37,120
Speaker 3: you'll remember it was for a worst case scenario, but

1311
01:07:37,240 --> 01:07:39,680
Speaker 3: the result was higher funding costs for banks, which they've

1312
01:07:39,720 --> 01:07:43,720
Speaker 3: been telling us about worst competition for customers. Mark Wiltshire

1313
01:07:43,880 --> 01:07:46,640
Speaker 3: is the chief executive at the Cooperative Bank and joins

1314
01:07:46,640 --> 01:07:50,200
Speaker 3: me this evening. Mark, Good evening, Good evening, Ryan. So

1315
01:07:50,800 --> 01:07:54,280
Speaker 3: how does this change affect the Cooperative Bank? Or does it?

1316
01:07:54,440 --> 01:07:57,640
Speaker 25: Yeah, it does a couple of things. Really, it's good

1317
01:07:57,640 --> 01:08:01,000
Speaker 25: news for smaller banks. Basically, low as the amount of

1318
01:08:01,120 --> 01:08:04,360
Speaker 25: capital we have to set aside in case of emergency.

1319
01:08:04,480 --> 01:08:07,320
Speaker 25: So you want banks to hold some capital, but too

1320
01:08:07,360 --> 01:08:09,400
Speaker 25: much is a drag and a cost and a constraint

1321
01:08:09,680 --> 01:08:13,640
Speaker 25: on getting out there and competing for customers. So you

1322
01:08:13,680 --> 01:08:16,360
Speaker 25: want to encourage competition. So for us, it allows us

1323
01:08:16,439 --> 01:08:19,360
Speaker 25: takes that constraint away by lowing that amount of capital

1324
01:08:19,400 --> 01:08:21,120
Speaker 25: so we can get out there and have more appetite

1325
01:08:21,120 --> 01:08:21,599
Speaker 25: for growth.

1326
01:08:21,760 --> 01:08:24,599
Speaker 3: The total is three point four billion less. I'm told,

1327
01:08:24,640 --> 01:08:26,920
Speaker 3: how much less would the co Op Bank need to

1328
01:08:27,280 --> 01:08:29,160
Speaker 3: or be required to hold.

1329
01:08:29,920 --> 01:08:33,599
Speaker 25: Yeah, it's quite significant. So in sort of percentage terms,

1330
01:08:34,280 --> 01:08:36,840
Speaker 25: the old rate was about seventeen percent of the capital

1331
01:08:36,960 --> 01:08:39,680
Speaker 25: ration and it drops down to fourteen, so quite a

1332
01:08:39,760 --> 01:08:43,800
Speaker 25: significant reduction for us we'll run the numbers on exactly

1333
01:08:44,560 --> 01:08:46,240
Speaker 25: where we want to land because we do our own

1334
01:08:46,240 --> 01:08:48,880
Speaker 25: assessment as well. Now we've got this, but that lower

1335
01:08:48,920 --> 01:08:50,080
Speaker 25: minimum is a big help.

1336
01:08:50,280 --> 01:08:53,320
Speaker 3: Does it And does it mean that the system is

1337
01:08:53,400 --> 01:08:54,040
Speaker 3: more risky?

1338
01:08:55,240 --> 01:08:58,160
Speaker 25: No, I think it's achieving the right balance. And they've

1339
01:08:58,160 --> 01:09:01,439
Speaker 25: aligned this with Australia as well, very consistent with the

1340
01:09:01,479 --> 01:09:04,439
Speaker 25: APPERA rules. So they were pretty high before, so I

1341
01:09:04,439 --> 01:09:08,519
Speaker 25: think they've come back to a better level. And it's

1342
01:09:08,560 --> 01:09:11,200
Speaker 25: that balance of you want resilience but you don't want

1343
01:09:11,240 --> 01:09:13,200
Speaker 25: to be too much of a cost that gets passed

1344
01:09:13,200 --> 01:09:16,320
Speaker 25: on to customers. So this should flow through to customers

1345
01:09:16,600 --> 01:09:20,280
Speaker 25: by allowing more competition and allowing particularly domestic banks to

1346
01:09:20,479 --> 01:09:21,120
Speaker 25: challenge more.

1347
01:09:21,560 --> 01:09:24,120
Speaker 3: So yeah, on does that mean mark that we will?

1348
01:09:24,560 --> 01:09:27,599
Speaker 3: Does it benefit smaller banks more so than the bigger

1349
01:09:27,640 --> 01:09:30,679
Speaker 3: Australian ones or is it everybody's on an even keel.

1350
01:09:31,439 --> 01:09:33,960
Speaker 25: It does benefit the overall the total market, but I

1351
01:09:33,960 --> 01:09:36,639
Speaker 25: think it particularly benefits the smaller banks. Not everyone will

1352
01:09:36,680 --> 01:09:39,200
Speaker 25: be happy, but for us, we think it's a really

1353
01:09:39,240 --> 01:09:42,760
Speaker 25: good positive step and we certainly think it benefits us

1354
01:09:43,080 --> 01:09:45,960
Speaker 25: materially and allows us to actually go out there and

1355
01:09:46,040 --> 01:09:49,080
Speaker 25: grow our mortgages more and compete harder for those mortgages.

1356
01:09:49,240 --> 01:09:51,360
Speaker 3: Are you going to get When you say compete, do

1357
01:09:51,400 --> 01:09:53,639
Speaker 3: you mean you'll give us cheaper mortgage rates? Mark?

1358
01:09:54,040 --> 01:09:55,880
Speaker 25: Yeah, I mean you've got to take into account other

1359
01:09:55,920 --> 01:09:58,400
Speaker 25: things like the overall race environment at any point in time.

1360
01:09:58,760 --> 01:10:01,240
Speaker 25: But it does mean you're taking away some of that

1361
01:10:01,320 --> 01:10:03,640
Speaker 25: costs when you fact I've had into your pricing decisions.

1362
01:10:03,760 --> 01:10:07,719
Speaker 25: So you know, we're in a slightly rising rate environment

1363
01:10:07,760 --> 01:10:11,000
Speaker 25: right now, but now we've hit the largely hit the

1364
01:10:11,000 --> 01:10:14,720
Speaker 25: bottom from expectations, so it doesn't necessarily immediately translate through

1365
01:10:14,760 --> 01:10:17,160
Speaker 25: to the rates today, but it will have that effect overall.

1366
01:10:17,920 --> 01:10:20,960
Speaker 3: Speaking of the increase in rates, we've seen some banks

1367
01:10:21,000 --> 01:10:23,599
Speaker 3: move some haven't You guys have moved on that And

1368
01:10:23,720 --> 01:10:26,200
Speaker 3: does what Arna Brennan say said the other day, does

1369
01:10:26,200 --> 01:10:27,320
Speaker 3: that have any impact on you?

1370
01:10:28,120 --> 01:10:30,040
Speaker 25: It had a bit, So it took a little bit

1371
01:10:30,040 --> 01:10:32,400
Speaker 25: of the heats, but not a lot. So you know,

1372
01:10:32,479 --> 01:10:35,080
Speaker 25: we passed on about half of what those health our

1373
01:10:35,120 --> 01:10:38,160
Speaker 25: rates were rising. They moved up fifty or sixty points.

1374
01:10:38,479 --> 01:10:40,360
Speaker 25: They came back a little bit, but really only at

1375
01:10:40,360 --> 01:10:43,599
Speaker 25: the margin. So we've passed on about thirty points onto

1376
01:10:43,640 --> 01:10:46,679
Speaker 25: customers for fixed rates and that's really important to signal

1377
01:10:46,720 --> 01:10:48,479
Speaker 25: to customers that rates are starting to move up in

1378
01:10:48,520 --> 01:10:51,599
Speaker 25: those longer terms, but still offering a really good committive

1379
01:10:51,640 --> 01:10:52,800
Speaker 25: rates at the short terms as well.

1380
01:10:53,439 --> 01:10:57,080
Speaker 3: Does that mean in your eyes for those longer term

1381
01:10:57,200 --> 01:10:59,960
Speaker 3: rates the only way they are going from here now

1382
01:11:00,160 --> 01:11:00,479
Speaker 3: is up.

1383
01:11:01,720 --> 01:11:04,479
Speaker 25: Well, that's what the market is pricing, and so for

1384
01:11:04,560 --> 01:11:08,040
Speaker 25: banks to offer fixed rates and certainty for customers, they

1385
01:11:08,080 --> 01:11:10,240
Speaker 25: have to hedge those in the interest rate market, and

1386
01:11:10,240 --> 01:11:12,719
Speaker 25: those interest rate markets look at the longer term signals,

1387
01:11:12,720 --> 01:11:14,759
Speaker 25: so they're not looking at what happened in November.

1388
01:11:14,800 --> 01:11:15,439
Speaker 2: They're looking at.

1389
01:11:15,320 --> 01:11:18,120
Speaker 25: What's happening in two three years time. So that outlook

1390
01:11:18,160 --> 01:11:21,599
Speaker 25: is increasing now, and certainly the commentary and the outlook

1391
01:11:21,720 --> 01:11:24,200
Speaker 25: was for that to start increasing. So that's why the

1392
01:11:24,240 --> 01:11:25,599
Speaker 25: longer term rates are starting.

1393
01:11:25,360 --> 01:11:26,000
Speaker 3: To each up.

1394
01:11:26,600 --> 01:11:29,000
Speaker 25: So I think we've if we're not at the bottom,

1395
01:11:29,040 --> 01:11:31,960
Speaker 25: we're somewhere close to it, and we'll wait and see

1396
01:11:31,960 --> 01:11:35,000
Speaker 25: whether there's another ocr castle or not. Certainly the new

1397
01:11:35,000 --> 01:11:38,040
Speaker 25: Reserve Bank governor has left that door open. But we're

1398
01:11:38,560 --> 01:11:41,040
Speaker 25: somewhere near the bottom of that cycle. So the longer

1399
01:11:41,120 --> 01:11:41,920
Speaker 25: term outlooks up.

1400
01:11:42,280 --> 01:11:42,400
Speaker 6: Mark.

1401
01:11:42,439 --> 01:11:44,280
Speaker 3: Appreciate your time. Thank you very much for being with me.

1402
01:11:44,320 --> 01:11:46,960
Speaker 3: Mark Wiltshire, who's the TV executive at the Cooperative Bank.

1403
01:11:47,040 --> 01:11:49,360
Speaker 3: It is eleven after six News Talks B we'll get

1404
01:11:49,360 --> 01:11:52,120
Speaker 3: a market update from Milford Remy Morgan with US Live.

1405
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1428
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Speaker 3: Let's go to Remy Morgan from Milford for our market update. Remy,

1429
01:13:06,960 --> 01:13:10,120
Speaker 3: good evening. Good evening, right, Let's start with the US

1430
01:13:10,200 --> 01:13:13,880
Speaker 3: tech stocks showing just some signs of weakness. Again, there's

1431
01:13:13,920 --> 01:13:16,599
Speaker 3: this AI bubble fear thing back.

1432
01:13:17,960 --> 01:13:21,800
Speaker 21: Yes, so the market has reacted negatively following a couple

1433
01:13:21,840 --> 01:13:24,759
Speaker 21: of results from some of the most followed AI stocks

1434
01:13:24,800 --> 01:13:27,559
Speaker 21: at the back end of last week. Now, the results

1435
01:13:27,600 --> 01:13:31,200
Speaker 21: themselves were not actually negative, but both Oracle and Broadcom

1436
01:13:31,280 --> 01:13:34,080
Speaker 21: were down over ten percent, and I think that shows

1437
01:13:34,120 --> 01:13:37,360
Speaker 21: that it's quite difficult to deliver against the very high

1438
01:13:37,360 --> 01:13:42,400
Speaker 21: expectations investors place on these AI stocks. Oracle once again

1439
01:13:42,680 --> 01:13:45,960
Speaker 21: raised its capex guidance. I think that spooked investors who

1440
01:13:46,000 --> 01:13:49,679
Speaker 21: were already concerned that they're over investing in AI data

1441
01:13:49,760 --> 01:13:53,839
Speaker 21: centers and the returns that that will generate. Broadcom reported

1442
01:13:53,880 --> 01:13:56,760
Speaker 21: strong numbers and guided to AI chip sales growing more

1443
01:13:56,760 --> 01:13:59,120
Speaker 21: than one hundred and fifty percent next year. But even

1444
01:13:59,160 --> 01:14:02,840
Speaker 21: this level of growth that seemed to disappoint investor expectations.

1445
01:14:03,520 --> 01:14:06,240
Speaker 21: So I think it's likely that we'll see heightened AI

1446
01:14:06,320 --> 01:14:10,519
Speaker 21: scrutiny until these AI investments and revenues start to really

1447
01:14:10,520 --> 01:14:11,360
Speaker 21: prove out.

1448
01:14:11,520 --> 01:14:14,559
Speaker 3: Remy outside of tech and the business of tech. The

1449
01:14:14,880 --> 01:14:17,400
Speaker 3: stocks in the US generally have been a bit softer

1450
01:14:17,479 --> 01:14:19,680
Speaker 3: this week as well. What's going on there? What's driving that?

1451
01:14:20,840 --> 01:14:21,000
Speaker 6: Yees?

1452
01:14:21,080 --> 01:14:24,120
Speaker 21: So, putting the AI fears aside, we have had some

1453
01:14:24,160 --> 01:14:27,280
Speaker 21: slight softness in the US equity markets more broadly, and

1454
01:14:27,320 --> 01:14:30,120
Speaker 21: that's because this week is a big week for US data.

1455
01:14:30,280 --> 01:14:33,280
Speaker 21: We've got key data releases that indicate the shape of

1456
01:14:33,320 --> 01:14:36,919
Speaker 21: the US economy and these can influence the FEDS monetary

1457
01:14:36,920 --> 01:14:39,840
Speaker 21: policy decisions. Now, a lot of that data has actually

1458
01:14:39,920 --> 01:14:44,439
Speaker 21: been delayed following that extended US government shutdown. That's caused

1459
01:14:44,479 --> 01:14:48,080
Speaker 21: some concerns on the data quality, and the market hasn't

1460
01:14:48,120 --> 01:14:50,960
Speaker 21: really been sure what to expect, So that's created some

1461
01:14:51,080 --> 01:14:52,080
Speaker 21: uncertainty in the.

1462
01:14:52,080 --> 01:14:55,920
Speaker 3: Lead up what US started. Do we get this week jobs?

1463
01:14:57,280 --> 01:15:00,920
Speaker 21: Yep, So overnight we had the US Limit report that

1464
01:15:01,080 --> 01:15:04,640
Speaker 21: showed the US job market remains sluggish, but it's not

1465
01:15:04,800 --> 01:15:10,280
Speaker 21: rapidly deteriorating. We also had the US October retail sales,

1466
01:15:10,320 --> 01:15:13,120
Speaker 21: which was a flat red. Now, these two data points

1467
01:15:13,160 --> 01:15:17,080
Speaker 21: didn't cause any material changes to market expectations for interest

1468
01:15:17,160 --> 01:15:20,040
Speaker 21: rate cuts, but we did see the US equity markets

1469
01:15:20,080 --> 01:15:21,280
Speaker 21: slightly softer overnight.

1470
01:15:22,640 --> 01:15:24,280
Speaker 3: Oh sorry, sorry, right, I was.

1471
01:15:24,200 --> 01:15:27,160
Speaker 21: Just gonna say. We also get the USCPI print later

1472
01:15:27,240 --> 01:15:30,120
Speaker 21: this week, which again won't be for a complete period,

1473
01:15:30,520 --> 01:15:32,759
Speaker 21: so we could see markets continuing to be cautious.

1474
01:15:33,120 --> 01:15:36,200
Speaker 3: Roger that back home, We've just spoke to co Op

1475
01:15:36,240 --> 01:15:38,479
Speaker 3: Bank and they've been you know, they were one of

1476
01:15:38,520 --> 01:15:41,320
Speaker 3: the first actually to put their longer term rates back up,

1477
01:15:41,360 --> 01:15:43,679
Speaker 3: and we've seen a couple of banks do that now

1478
01:15:43,800 --> 01:15:46,400
Speaker 3: after that November rbn Z cut.

1479
01:15:48,040 --> 01:15:50,800
Speaker 21: Yeah, that's right. So what's happened since the last cut

1480
01:15:50,840 --> 01:15:53,799
Speaker 21: is that market expectations have actually led to an increase

1481
01:15:53,920 --> 01:15:57,639
Speaker 21: in New Zealand interest rates swaps. That's what flows through

1482
01:15:57,680 --> 01:16:00,200
Speaker 21: to the increase in increases in some of those bank

1483
01:16:00,240 --> 01:16:03,760
Speaker 21: mortgage rates. Now that could potentially pose a bit of

1484
01:16:03,760 --> 01:16:06,799
Speaker 21: a risk to economic growth, but we have had the

1485
01:16:06,840 --> 01:16:09,160
Speaker 21: Reserve Bank governor come out this week with a few

1486
01:16:09,160 --> 01:16:12,960
Speaker 21: comments that has seen some moves lower in swap rates,

1487
01:16:13,479 --> 01:16:15,759
Speaker 21: not quite back to where they were pre the November

1488
01:16:15,760 --> 01:16:19,519
Speaker 21: o CR announcement. But it's also worth mentioning that there's

1489
01:16:19,560 --> 01:16:22,200
Speaker 21: still a relatively high proportion of mortgages that are yet

1490
01:16:22,240 --> 01:16:25,639
Speaker 21: to roll over on to what are still overall lower

1491
01:16:25,680 --> 01:16:26,360
Speaker 21: mortgage rates.

1492
01:16:26,880 --> 01:16:29,320
Speaker 3: Nice one, Remy appreciate that. Thank you, Rummy Morgan mil

1493
01:16:29,360 --> 01:16:32,360
Speaker 3: Fanaset Management with our market update tonight, nineteen minutes up.

1494
01:16:32,439 --> 01:16:34,120
Speaker 9: Six Now.

1495
01:16:34,160 --> 01:16:35,760
Speaker 3: I told you earlier in the show of buying a

1496
01:16:35,800 --> 01:16:38,320
Speaker 3: tent this evening, and I'm so we're getting close to

1497
01:16:38,760 --> 01:16:41,080
Speaker 3: tent time and I'm just getting very excited. But I

1498
01:16:41,120 --> 01:16:44,280
Speaker 3: thought i'd share with you the brand so that you

1499
01:16:44,320 --> 01:16:46,120
Speaker 3: can tell me whether it's any good. It's too late

1500
01:16:46,160 --> 01:16:48,479
Speaker 3: because they've bought it online, but I'm picking it up tonight.

1501
01:16:48,800 --> 01:16:51,880
Speaker 3: So it's called it. It's Torpedo seven. And I was

1502
01:16:51,880 --> 01:16:55,160
Speaker 3: weighing up between Torpedo seven and there's a place called

1503
01:16:55,280 --> 01:16:58,280
Speaker 3: tent Town, which sounds a bit random and it's a

1504
01:16:58,280 --> 01:17:00,280
Speaker 3: bit far away from me, so I didn't bother that,

1505
01:17:00,680 --> 01:17:03,839
Speaker 3: but it was Hunting and Fishing or Torpedo seven. Torpedo

1506
01:17:03,920 --> 01:17:06,880
Speaker 3: seven has won because they've got an early sale they've

1507
01:17:06,880 --> 01:17:09,280
Speaker 3: got their Boxing day sale on already it's half off.

1508
01:17:09,760 --> 01:17:12,599
Speaker 3: So the brand of this tent is a tour couda

1509
01:17:13,000 --> 01:17:18,080
Speaker 3: inflatable medium six person tent. Has anyone got one? What

1510
01:17:18,240 --> 01:17:21,400
Speaker 3: are they like? And what's the inflatable part is it?

1511
01:17:21,439 --> 01:17:23,479
Speaker 3: Is it as quick and easy as they say it is?

1512
01:17:23,960 --> 01:17:26,599
Speaker 3: Do you need a bike pump? That's my big question?

1513
01:17:26,800 --> 01:17:29,040
Speaker 3: How do you actually? Do you just flick a switch

1514
01:17:29,080 --> 01:17:31,280
Speaker 3: and automatically does it for you? Or am I going

1515
01:17:31,320 --> 01:17:33,800
Speaker 3: to be there with a bike pump for half of

1516
01:17:33,840 --> 01:17:35,960
Speaker 3: my Saturday morning putting this tent up now.

1517
01:17:36,040 --> 01:17:37,800
Speaker 7: Until the bike pumps are on sale as well, Ryan

1518
01:17:37,800 --> 01:17:39,000
Speaker 7: and you were saying we need to get out and

1519
01:17:39,000 --> 01:17:41,040
Speaker 7: support the economy. So who buying a bike pump would

1520
01:17:41,040 --> 01:17:41,519
Speaker 7: be a good book?

1521
01:17:41,560 --> 01:17:43,479
Speaker 3: I've made a rod for my own back with that comment,

1522
01:17:43,479 --> 01:17:46,120
Speaker 3: and its haven't I? Nine two nine two is the

1523
01:17:46,160 --> 01:17:50,000
Speaker 3: number to text is six twenty news talk TO'DB whether.

1524
01:17:49,760 --> 01:17:53,679
Speaker 2: It's macro micro or just plain economics. It's all on

1525
01:17:53,760 --> 01:17:58,360
Speaker 2: the business hours with Ryan Bridge and Mass Motor Vehicle Insurance.

1526
01:17:58,600 --> 01:18:02,320
Speaker 2: Your futures in good NEWSTALKSB.

1527
01:18:02,080 --> 01:18:04,559
Speaker 3: Six twenty three on News Talks VB. So in terms

1528
01:18:04,560 --> 01:18:07,200
Speaker 3: of the tint We've got loads of feedback on the tent,

1529
01:18:07,360 --> 01:18:09,200
Speaker 3: and the first one that came in is from Clear,

1530
01:18:09,240 --> 01:18:12,120
Speaker 3: and it said Ryan, Ryan, Ryan, No, no, no, you

1531
01:18:12,160 --> 01:18:15,760
Speaker 3: should get a Zimpire tint because I've gone with a

1532
01:18:15,800 --> 01:18:20,599
Speaker 3: Torpedo seven brand, and Clear says this is a terrible idea. However,

1533
01:18:21,120 --> 01:18:23,719
Speaker 3: there are for everyone who says, and there are loads

1534
01:18:23,720 --> 01:18:25,519
Speaker 3: that say you get a Zimpire tint. And I was

1535
01:18:25,560 --> 01:18:28,080
Speaker 3: looking at them because they're nice and big, because I'm

1536
01:18:29,000 --> 01:18:32,080
Speaker 3: tall and these tents are two meters. I think the

1537
01:18:32,160 --> 01:18:34,719
Speaker 3: z Empire ones were like two point two meters tall,

1538
01:18:35,320 --> 01:18:37,479
Speaker 3: so I was very attracted to those, but I've gone

1539
01:18:37,520 --> 01:18:40,639
Speaker 3: with the one that's half off. Anyway, it comes apparently

1540
01:18:40,680 --> 01:18:42,760
Speaker 3: with its own pump, and the pump works great and

1541
01:18:42,800 --> 01:18:44,680
Speaker 3: the tent is great, and everyone says they're having a

1542
01:18:44,680 --> 01:18:47,080
Speaker 3: great time in them. So I think I'm sorted either way.

1543
01:18:48,080 --> 01:18:51,200
Speaker 3: And muzz says, Ryan, if you can't pump it up

1544
01:18:51,240 --> 01:18:53,759
Speaker 3: within five minutes, you need to hand back your man card.

1545
01:18:54,120 --> 01:18:56,000
Speaker 3: So there we go. I'll tell you after this how

1546
01:18:56,360 --> 01:18:58,880
Speaker 3: depending on how this weekend goes, muzz I may have

1547
01:18:58,960 --> 01:19:00,720
Speaker 3: to hand that back. Six twenty four.

1548
01:19:01,600 --> 01:19:11,920
Speaker 2: There's no business like show business.

1549
01:19:12,720 --> 01:19:16,200
Speaker 3: Rolling Stones they are calling off plans for a stadium

1550
01:19:16,240 --> 01:19:19,639
Speaker 3: tour of Europe and the UK next year. Gosh does

1551
01:19:19,680 --> 01:19:22,839
Speaker 3: sound ambitious, even saying it doesn't it for the Rolling Stones,

1552
01:19:23,080 --> 01:19:27,200
Speaker 3: apparently because Keith Richards was unable to commit to it now.

1553
01:19:27,240 --> 01:19:31,640
Speaker 3: The tour was never actually like properly or officially announced,

1554
01:19:31,680 --> 01:19:35,559
Speaker 3: but the band spokesperson recently told press that the band

1555
01:19:35,760 --> 01:19:39,880
Speaker 3: was nearly completed, nearly done on a new album and

1556
01:19:39,960 --> 01:19:43,120
Speaker 3: planned on touring next year, so people kind of assumed.

1557
01:19:42,800 --> 01:19:43,320
Speaker 6: It was happening.

1558
01:19:43,439 --> 01:19:48,320
Speaker 3: Keith Richards turns eighty two on Thursday this week, apparently

1559
01:19:48,360 --> 01:19:50,479
Speaker 3: doesn't want to commit to the riggers of a big

1560
01:19:50,520 --> 01:19:53,000
Speaker 3: stadium tour that could take as long as four months.

1561
01:19:53,360 --> 01:19:55,920
Speaker 3: The Stones are toured almost every year since the early

1562
01:19:55,920 --> 01:19:58,840
Speaker 3: two thousands. Of McJagger is also eighty two on wood

1563
01:19:58,920 --> 01:20:02,400
Speaker 3: is seventy eight. Their original drummer, Charlie Watts, died in

1564
01:20:02,439 --> 01:20:05,479
Speaker 3: twenty twenty one. When they were last on tour a

1565
01:20:05,479 --> 01:20:08,040
Speaker 3: couple of years ago, Mick Jagger talked about has the

1566
01:20:08,120 --> 01:20:09,760
Speaker 3: love of being there.

1567
01:20:10,240 --> 01:20:11,439
Speaker 1: I just love doing it.

1568
01:20:11,560 --> 01:20:14,439
Speaker 26: I mean obviously you have to train and you know

1569
01:20:15,080 --> 01:20:19,000
Speaker 26: train your voice and your body and you know, get

1570
01:20:19,200 --> 01:20:21,719
Speaker 26: feel comfortable on the stage and make it your own

1571
01:20:21,880 --> 01:20:25,960
Speaker 26: and all that. But in the end, it's it's that

1572
01:20:26,280 --> 01:20:29,200
Speaker 26: you like doing it and the audience is enjoying it,

1573
01:20:29,240 --> 01:20:31,160
Speaker 26: and you get this back and forth with the audience.

1574
01:20:31,160 --> 01:20:32,280
Speaker 6: You can see they're having your time.

1575
01:20:32,280 --> 01:20:34,760
Speaker 26: You're having good time. That's and it gives you a

1576
01:20:34,760 --> 01:20:37,200
Speaker 26: lot more energy than would have if you're just doing

1577
01:20:37,280 --> 01:20:37,960
Speaker 26: a rehearsal.

1578
01:20:38,760 --> 01:20:40,320
Speaker 3: Well, it would have been great to see them, wouldn't

1579
01:20:40,320 --> 01:20:42,920
Speaker 3: they And we may yet still see them again on tour.

1580
01:20:43,400 --> 01:20:44,400
Speaker 3: You're on news talks, be.

1581
01:20:44,640 --> 01:20:46,559
Speaker 7: Hang on, hang on a minute, right. Keith Richard says

1582
01:20:46,560 --> 01:20:49,080
Speaker 7: he's not up to doing a tour, I mean any

1583
01:20:49,120 --> 01:20:51,519
Speaker 7: other like eighty year old. Sure, I'd be like fine.

1584
01:20:51,560 --> 01:20:55,040
Speaker 7: Keith Richards has smoked enough cigarettes on the stage, littlone

1585
01:20:55,040 --> 01:20:57,120
Speaker 7: all the ones he's smoked off stage, so there's lungs

1586
01:20:57,320 --> 01:21:01,720
Speaker 7: presumably don't exist. He's immune to physical aging and physical

1587
01:21:01,800 --> 01:21:04,000
Speaker 7: riggers and all the abuse that body's gone through. What

1588
01:21:04,160 --> 01:21:06,760
Speaker 7: he can't handle the tiller, he's probably the there of

1589
01:21:06,760 --> 01:21:09,280
Speaker 7: the rolling stones. I would least expect to be unable

1590
01:21:09,280 --> 01:21:10,000
Speaker 7: to handle the tiller.

1591
01:21:10,080 --> 01:21:11,000
Speaker 3: What's this is great?

1592
01:21:11,120 --> 01:21:11,280
Speaker 6: Well?

1593
01:21:11,320 --> 01:21:14,400
Speaker 3: Maybe I mean sadly, maybe it's finally all catching catching.

1594
01:21:14,240 --> 01:21:16,360
Speaker 7: Yes, maybe that's why he can handle it all, is

1595
01:21:16,400 --> 01:21:18,000
Speaker 7: that he actually paces himself really well.

1596
01:21:18,040 --> 01:21:20,200
Speaker 3: It was going to happen one day, wasn't it. But

1597
01:21:20,400 --> 01:21:22,240
Speaker 3: I mean, as I say, hopefully it's just a temporary

1598
01:21:22,240 --> 01:21:25,120
Speaker 3: thing and when he turns eighty three he'll be back

1599
01:21:26,000 --> 01:21:27,960
Speaker 3: up and at him. You're on news Talks, there'd be

1600
01:21:28,080 --> 01:21:31,120
Speaker 3: twenty six after six after the news at six thirty,

1601
01:21:31,200 --> 01:21:33,400
Speaker 3: we are going to talk to Jane Tip Trainey because

1602
01:21:33,400 --> 01:21:36,879
Speaker 3: you might have noticed that the new Reserve Bank Governor

1603
01:21:37,520 --> 01:21:39,800
Speaker 3: Arna Brennan is doing a whole bunch of interviews this

1604
01:21:39,880 --> 01:21:42,280
Speaker 3: week and every time she does a new interview she

1605
01:21:42,320 --> 01:21:45,320
Speaker 3: says something slightly different and everybody goes, oh, is that

1606
01:21:45,360 --> 01:21:48,360
Speaker 3: going to change the swap rates? Hasn't So far the

1607
01:21:48,479 --> 01:21:51,479
Speaker 3: initial statement that she put out changed them. Since then,

1608
01:21:51,520 --> 01:21:53,759
Speaker 3: there's been no real movement. So we'll talk to Janay

1609
01:21:53,880 --> 01:21:56,879
Speaker 3: about whether there'll be any more for the side of Christmas.

1610
01:21:57,320 --> 01:21:59,960
Speaker 3: Highly unlikely, but we'll ask. Also we'll get to gather

1611
01:22:00,040 --> 01:22:02,240
Speaker 3: and gray out of the UK before top of the hour.

1612
01:22:02,400 --> 01:22:27,160
Speaker 2: All ahead, everything from SMS to the big corporates, the

1613
01:22:27,320 --> 01:22:31,720
Speaker 2: Business Hour with Ryan Bridge and Mass Motor Vehicle Insurance.

1614
01:22:32,000 --> 01:22:35,120
Speaker 1: Your future is in good hands US Talks MB.

1615
01:22:46,200 --> 01:22:48,439
Speaker 3: Pretty far away THRO seven, you're on us Talk CIB.

1616
01:22:48,960 --> 01:22:52,519
Speaker 3: The plot thickens over in Australia. This is just the

1617
01:22:52,640 --> 01:22:55,320
Speaker 3: story goes from bad to worse, from bad to worse,

1618
01:22:55,320 --> 01:22:57,920
Speaker 3: from bad to worse. This is the Bondie terror attack.

1619
01:22:58,040 --> 01:23:02,880
Speaker 3: So the accused, one of the qu's terrorists, has apparently

1620
01:23:03,280 --> 01:23:06,760
Speaker 3: been following the teachings of a preacher by the name

1621
01:23:06,920 --> 01:23:11,640
Speaker 3: of Wissam Haddad, and that preacher has close links to

1622
01:23:12,120 --> 01:23:16,719
Speaker 3: Islamic State terrorists and they were reportedly this is according

1623
01:23:16,760 --> 01:23:19,920
Speaker 3: to the ABC. This is a report from back in September.

1624
01:23:20,760 --> 01:23:26,240
Speaker 3: They were targeting pro Palestinian protesters, you know, they would

1625
01:23:26,280 --> 01:23:29,200
Speaker 3: go for the marches on the bridge over the Sydney

1626
01:23:29,240 --> 01:23:34,000
Speaker 3: Harbor Bridge or in downtown Sydney. They were targeting pro

1627
01:23:34,040 --> 01:23:40,120
Speaker 3: Palestinian groups for recruits and one of them the ABC

1628
01:23:40,280 --> 01:23:46,080
Speaker 3: identified as somebody who they thought was a youth recruitment

1629
01:23:46,120 --> 01:23:51,240
Speaker 3: officer basically for the Islamic State. So this is all

1630
01:23:51,240 --> 01:23:53,360
Speaker 3: coming out in the press over in Australia at the moment.

1631
01:23:53,400 --> 01:23:58,559
Speaker 3: But they're basically linking who was the accused terrorist, following

1632
01:23:59,280 --> 01:24:02,639
Speaker 3: where did that who was that follower? Following and friends

1633
01:24:02,680 --> 01:24:05,160
Speaker 3: with and what were they up to? And it's painting

1634
01:24:05,200 --> 01:24:08,519
Speaker 3: a pretty bleak picture indeed over across the Tasman twenty

1635
01:24:08,520 --> 01:24:12,080
Speaker 3: four away from seven Ryan Bridge. Right, let's get to

1636
01:24:12,120 --> 01:24:14,760
Speaker 3: Danae Tips Trainey, who's The Herald's willing to business editor

1637
01:24:14,760 --> 01:24:18,000
Speaker 3: with us this evening toenay, good evening, Good evening, Ryan.

1638
01:24:18,280 --> 01:24:21,840
Speaker 3: So we've had the Reserve Bank governor busy doing a

1639
01:24:21,840 --> 01:24:24,840
Speaker 3: whole bunch of interviews this week. What have you made

1640
01:24:24,880 --> 01:24:27,959
Speaker 3: of them and what impact they've had on markets?

1641
01:24:29,560 --> 01:24:33,840
Speaker 27: Yeah, look, interestingly this week Arna Breeman came out and

1642
01:24:33,880 --> 01:24:37,400
Speaker 27: did three interviews in which she delivered the same message.

1643
01:24:37,720 --> 01:24:40,800
Speaker 27: She basically tried to talk markets down a weeb it.

1644
01:24:41,360 --> 01:24:45,320
Speaker 27: After the Reserve Bank cut the OCR in November. The

1645
01:24:45,360 --> 01:24:50,200
Speaker 27: market really fixated on some of the commentary around the cut.

1646
01:24:50,400 --> 01:24:53,879
Speaker 27: It got ahead of itself at priced in three OCR

1647
01:24:54,000 --> 01:24:57,479
Speaker 27: hikes for next year. That's quite a lot. Wholesale interest

1648
01:24:57,560 --> 01:24:59,600
Speaker 27: rates went up, you know that' saw Westpac A and

1649
01:24:59,680 --> 01:25:03,000
Speaker 27: Z the hot bank or lift mortgage and term deposit rates.

1650
01:25:04,600 --> 01:25:07,200
Speaker 27: This week the governor just came out to basically, and

1651
01:25:07,320 --> 01:25:12,160
Speaker 27: Reserve Bank speak, say calm down. So I spoke to

1652
01:25:12,200 --> 01:25:15,760
Speaker 27: her yesterday afternoon. She didn't say, calmed down exactly. But

1653
01:25:15,960 --> 01:25:20,040
Speaker 27: she directed the market to focus on the Reserve Bank's

1654
01:25:20,080 --> 01:25:23,280
Speaker 27: o CR track and it's November statement. And according to

1655
01:25:23,320 --> 01:25:26,799
Speaker 27: that track, the Reserve Bank reckons the ocr will stay

1656
01:25:26,840 --> 01:25:29,559
Speaker 27: low for next year. In fact, there's a slight chance

1657
01:25:29,600 --> 01:25:32,320
Speaker 27: it could even be cut a bit more. So she

1658
01:25:32,960 --> 01:25:35,559
Speaker 27: tried to emphasize that, and that did move the market.

1659
01:25:35,920 --> 01:25:38,599
Speaker 27: The market has now priced in two o CR hikes

1660
01:25:38,600 --> 01:25:42,280
Speaker 27: for next year, not three, and those wholesale interest rates

1661
01:25:42,640 --> 01:25:45,759
Speaker 27: have come down, but they're still quite a bit above

1662
01:25:45,800 --> 01:25:48,120
Speaker 27: where they were before the November statement.

1663
01:25:48,439 --> 01:25:52,880
Speaker 3: And hasn't that that change hasn't prompted the retails yet

1664
01:25:52,880 --> 01:25:55,840
Speaker 3: to undo the you know, they like that they had

1665
01:25:55,840 --> 01:25:57,120
Speaker 3: initially put in right.

1666
01:25:57,960 --> 01:26:01,000
Speaker 27: No, and I you know, I just I don't think

1667
01:26:01,040 --> 01:26:04,240
Speaker 27: they will. So, you know, some banks haven't shifted yet,

1668
01:26:04,479 --> 01:26:07,040
Speaker 27: or they might not shift at all. I think the

1669
01:26:07,080 --> 01:26:09,519
Speaker 27: market is, you know, it's a lot of information to

1670
01:26:09,600 --> 01:26:12,600
Speaker 27: digest this week. It's probably still going to look to

1671
01:26:12,800 --> 01:26:16,400
Speaker 27: the GDP figures out tomorrow. You know, markets factor in

1672
01:26:16,560 --> 01:26:19,519
Speaker 27: a bunch of things when they are set, you know,

1673
01:26:20,080 --> 01:26:22,879
Speaker 27: when they sort of do their trading in the money markets,

1674
01:26:24,520 --> 01:26:27,639
Speaker 27: you know. But I think her comments did have an effect,

1675
01:26:27,640 --> 01:26:30,320
Speaker 27: and they actually did take the market by surprise because

1676
01:26:30,680 --> 01:26:34,559
Speaker 27: last week we talked to the governor and we asked her,

1677
01:26:34,800 --> 01:26:36,720
Speaker 27: you know, she comfortable with where the market is at,

1678
01:26:36,720 --> 01:26:39,559
Speaker 27: and she didn't really say anything this way or that way.

1679
01:26:40,760 --> 01:26:42,720
Speaker 27: But at that point she hadn't actually met with her

1680
01:26:42,800 --> 01:26:45,160
Speaker 27: fellow Monetary Policy Committee members, you know, it's the whole

1681
01:26:45,160 --> 01:26:48,280
Speaker 27: committee that sets monetary policy. So after we meet her

1682
01:26:48,360 --> 01:26:51,519
Speaker 27: last week, she did meet with the committee members and

1683
01:26:51,560 --> 01:26:54,360
Speaker 27: then came out on Monday with, you know, with this

1684
01:26:54,520 --> 01:26:57,600
Speaker 27: sort of jaw boning. So you know, some people have

1685
01:26:57,680 --> 01:26:59,519
Speaker 27: talked to her are quite critical of this. They said,

1686
01:26:59,520 --> 01:27:02,200
Speaker 27: why didn't she meet with her committee members as soon

1687
01:27:02,240 --> 01:27:04,200
Speaker 27: as she'd got the job at the beginning of December?

1688
01:27:04,640 --> 01:27:06,879
Speaker 27: Why did she wait so long? So I think that's

1689
01:27:06,920 --> 01:27:07,880
Speaker 27: probably a fair question.

1690
01:27:08,760 --> 01:27:12,640
Speaker 3: Now, the new capital requirements for the banks, you know,

1691
01:27:12,720 --> 01:27:17,240
Speaker 3: sort of undoing what adrien Or had done. Do you

1692
01:27:17,280 --> 01:27:18,960
Speaker 3: think that we spoke to the co Op Bank earlier,

1693
01:27:18,960 --> 01:27:20,639
Speaker 3: it didn't sound like it's going to really have much

1694
01:27:20,680 --> 01:27:23,000
Speaker 3: of an impact. I know they don't come in immediately,

1695
01:27:23,080 --> 01:27:26,599
Speaker 3: but much of an impact on our interest rates or

1696
01:27:26,800 --> 01:27:28,120
Speaker 3: what we're paying the banks.

1697
01:27:29,240 --> 01:27:32,760
Speaker 27: Well, the Reserve Bank thinks that Ultimately it will have

1698
01:27:32,840 --> 01:27:36,080
Speaker 27: an effect. So remember these capital rules, which aimed at

1699
01:27:36,080 --> 01:27:40,040
Speaker 27: making banks strong, they're being phased in. They'll be fully

1700
01:27:40,040 --> 01:27:43,160
Speaker 27: phased in twenty twenty eight. The Reserve Banks saying that

1701
01:27:43,160 --> 01:27:47,799
Speaker 27: with the changes it will make, it'll save banks about

1702
01:27:48,120 --> 01:27:51,719
Speaker 27: reduce their funding costs by about twelve basis points compared

1703
01:27:51,720 --> 01:27:56,040
Speaker 27: to that twenty twenty eight level. So in theory, you know,

1704
01:27:56,120 --> 01:28:00,360
Speaker 27: banks should pass that cost saving onto customers. That's what

1705
01:28:00,400 --> 01:28:03,559
Speaker 27: the Reserve Bank thinks, you know, they think it could

1706
01:28:03,560 --> 01:28:05,920
Speaker 27: be in the magnitude of about ten basis points. The

1707
01:28:05,960 --> 01:28:08,680
Speaker 27: savings that you might get on your you know, your

1708
01:28:08,840 --> 01:28:11,960
Speaker 27: your loans and you know, if you're a savor that

1709
01:28:12,000 --> 01:28:15,759
Speaker 27: the extra interest you'll get for your term deposit about

1710
01:28:15,760 --> 01:28:18,559
Speaker 27: ten basis points. But that's compared to what it would

1711
01:28:18,600 --> 01:28:21,200
Speaker 27: have been under the old rules by twenty twenty eight.

1712
01:28:21,240 --> 01:28:24,639
Speaker 27: So that sounds awfully complex. I mean, it is a change.

1713
01:28:25,120 --> 01:28:25,799
Speaker 27: Is it huge?

1714
01:28:26,120 --> 01:28:26,160
Speaker 6: No?

1715
01:28:27,760 --> 01:28:31,679
Speaker 27: Will banks pass that cost saving on don't know? Will

1716
01:28:31,760 --> 01:28:36,120
Speaker 27: their shareholders just pocket that cost saving? Well, you know probably.

1717
01:28:37,960 --> 01:28:40,920
Speaker 27: I talked to Nikola Willis about that today and I said, well,

1718
01:28:40,920 --> 01:28:43,920
Speaker 27: this is going to be really hard to measure. You know,

1719
01:28:44,000 --> 01:28:46,559
Speaker 27: so many things factor into bank profits. How are we

1720
01:28:46,600 --> 01:28:49,640
Speaker 27: going to know exactly? So I think that that's a

1721
01:28:49,680 --> 01:28:52,720
Speaker 27: key question. I mean, the thing is here though. When

1722
01:28:52,720 --> 01:28:54,879
Speaker 27: the rules first came in, we didn't have this deposit

1723
01:28:54,920 --> 01:28:58,400
Speaker 27: compensation scheme. We now have that, So that means that

1724
01:28:58,439 --> 01:29:00,679
Speaker 27: if your bank collapses, you'll get some of your money back,

1725
01:29:01,560 --> 01:29:04,599
Speaker 27: which is an extra thing that makes banks a bit stronger.

1726
01:29:04,680 --> 01:29:06,600
Speaker 27: So the Reserve Bank is saying, look, because we have

1727
01:29:06,680 --> 01:29:09,960
Speaker 27: this new deposit compensation scheme, we can ease up on

1728
01:29:10,040 --> 01:29:11,680
Speaker 27: these capital rules a bit.

1729
01:29:13,040 --> 01:29:15,639
Speaker 3: Yeah, so, yeah, makes sense. Hey, you know the deposit

1730
01:29:15,680 --> 01:29:17,639
Speaker 3: This is a random question, but I've kind of been

1731
01:29:17,640 --> 01:29:20,240
Speaker 3: thinking about it, and maybe it's a dumb question. I'm

1732
01:29:20,280 --> 01:29:23,800
Speaker 3: just gonna ask. So it's one hundred thousand dollars per

1733
01:29:24,720 --> 01:29:27,080
Speaker 3: If you've got an account with the bank, they guarantee

1734
01:29:27,120 --> 01:29:30,360
Speaker 3: you up to one hundred thousand dollars. Would let's say

1735
01:29:30,400 --> 01:29:32,639
Speaker 3: you've got five hundred thousand dollars. Should you not put

1736
01:29:32,640 --> 01:29:36,160
Speaker 3: one hundred thousand dollars into different five different banks and

1737
01:29:36,200 --> 01:29:38,799
Speaker 3: then be covered five times or is it pull per person?

1738
01:29:40,080 --> 01:29:40,320
Speaker 14: Yeah?

1739
01:29:40,400 --> 01:29:40,920
Speaker 3: No, you're right.

1740
01:29:40,920 --> 01:29:43,559
Speaker 27: If you have five hundred thousand dollars, you're best off

1741
01:29:43,640 --> 01:29:46,280
Speaker 27: under the scheme to split it. So if you have

1742
01:29:46,400 --> 01:29:49,599
Speaker 27: five hundred thousand at one bank, that bank collapses, you'll

1743
01:29:49,640 --> 01:29:52,280
Speaker 27: only get one hundred thousand back. But if you've spread

1744
01:29:52,280 --> 01:29:55,439
Speaker 27: your five hundred thousand across five banks, and all five

1745
01:29:55,479 --> 01:29:58,800
Speaker 27: banks collapse, you'll you'll get one hundred thousand back from

1746
01:29:58,800 --> 01:30:03,240
Speaker 27: each bank. So you know, this is not not financial advice.

1747
01:30:03,400 --> 01:30:09,200
Speaker 27: But if you want to maximize, you bet, then that's

1748
01:30:09,280 --> 01:30:12,120
Speaker 27: probably a good idea. I had wandered actually with it.

1749
01:30:12,160 --> 01:30:13,840
Speaker 27: We'd see a whole lot of money moved when the

1750
01:30:13,880 --> 01:30:15,639
Speaker 27: scheme came into place in the middle of the year

1751
01:30:15,920 --> 01:30:18,479
Speaker 27: because of this. But it sounds like there sort of

1752
01:30:18,680 --> 01:30:21,560
Speaker 27: hasn't been noticeable sums shifted.

1753
01:30:21,200 --> 01:30:23,479
Speaker 3: About maybe no one. That's because we haven't got the

1754
01:30:23,520 --> 01:30:25,920
Speaker 3: word out yet. Now that now that you're giving us

1755
01:30:25,920 --> 01:30:27,720
Speaker 3: this great financial advice, Janney.

1756
01:30:27,640 --> 01:30:30,439
Speaker 27: Yeah exactly, I'm going to get some some very angry

1757
01:30:30,439 --> 01:30:30,840
Speaker 27: phone calls.

1758
01:30:30,880 --> 01:30:35,360
Speaker 3: But no, I mean that that is how it works, Okayating.

1759
01:30:34,439 --> 01:30:37,000
Speaker 27: Finance companies and things are included in that as well.

1760
01:30:37,360 --> 01:30:39,400
Speaker 3: Fascinating. Now I just need to find half a million

1761
01:30:39,439 --> 01:30:43,719
Speaker 3: dollars then I'll be easy. Jane, thank you. Trainee from

1762
01:30:43,840 --> 01:30:46,840
Speaker 3: the Herald is with us this evening seventeen away from

1763
01:30:46,840 --> 01:30:48,759
Speaker 3: seven We'll get to Gavin Gray out of the UK next.

1764
01:30:49,400 --> 01:30:52,280
Speaker 1: Ever, it's to do with money. It matters to you.

1765
01:30:52,800 --> 01:30:57,400
Speaker 2: The Business Hour with Ryan Bridge and Mass Motor Vehicle Insurance.

1766
01:30:57,760 --> 01:30:59,599
Speaker 1: Your futures in good hands.

1767
01:31:00,080 --> 01:31:03,320
Speaker 3: News Talk zibby fourteen away from seven News Talk SIBB.

1768
01:31:03,520 --> 01:31:06,479
Speaker 3: Doctors in the UK going on a five day strike

1769
01:31:06,560 --> 01:31:09,160
Speaker 3: that we thought that, No, the twenty four hour strike

1770
01:31:09,280 --> 01:31:11,479
Speaker 3: or even the two seven hour strike that we had

1771
01:31:11,479 --> 01:31:14,360
Speaker 3: in New Zealander's bed not although Devin Gray is our

1772
01:31:14,439 --> 01:31:18,599
Speaker 3: UK Correspondentvin, which doctors in particular are going on strike

1773
01:31:18,720 --> 01:31:20,120
Speaker 3: or is it all of them?

1774
01:31:20,640 --> 01:31:23,559
Speaker 28: Note these are what are called resident doctors that used

1775
01:31:23,600 --> 01:31:27,439
Speaker 28: to be called junior doctors, Ryan, but they represent about

1776
01:31:27,479 --> 01:31:29,880
Speaker 28: sixty percent of all the doctors that you see in

1777
01:31:29,880 --> 01:31:33,720
Speaker 28: a hospital. Not the consultants or the surgeons here, but

1778
01:31:33,840 --> 01:31:37,120
Speaker 28: the doctors, you know, the straightforward one. So a large

1779
01:31:37,160 --> 01:31:39,680
Speaker 28: proportion of the doctors are going out on strike. It's

1780
01:31:39,680 --> 01:31:41,360
Speaker 28: a long running dispute.

1781
01:31:41,240 --> 01:31:42,800
Speaker 3: Over yes, you guessed it.

1782
01:31:43,000 --> 01:31:43,240
Speaker 20: Pay.

1783
01:31:43,960 --> 01:31:48,280
Speaker 28: The government's pointing out that they've actually given the doctor's

1784
01:31:48,400 --> 01:31:52,920
Speaker 28: resident doctors a thirty three zero percent increase in salary

1785
01:31:53,640 --> 01:31:57,679
Speaker 28: over the last couple of years. But the junior doctors

1786
01:31:57,880 --> 01:32:01,000
Speaker 28: are not happy. They say no, that's still not enough,

1787
01:32:01,080 --> 01:32:04,360
Speaker 28: and also there are some other things they want over,

1788
01:32:04,439 --> 01:32:08,040
Speaker 28: basically career progression training, et cetera, et cetera. Now, the

1789
01:32:08,080 --> 01:32:12,920
Speaker 28: government held an emergency meeting a couple of days at

1790
01:32:12,920 --> 01:32:16,040
Speaker 28: the end of last week, effectively trying to stop this strike,

1791
01:32:16,800 --> 01:32:22,719
Speaker 28: and the junior doctors held another voter and effectively decided

1792
01:32:22,760 --> 01:32:24,479
Speaker 28: to go ahead. It was a real snub to the

1793
01:32:24,479 --> 01:32:28,960
Speaker 28: government's attempts, with more than eighty percent voting for this strike.

1794
01:32:29,040 --> 01:32:31,759
Speaker 28: The reason it's particularly in the headlines at the moment

1795
01:32:31,840 --> 01:32:33,959
Speaker 28: RAN is because we have got.

1796
01:32:33,760 --> 01:32:37,280
Speaker 1: A real wave of bad flu.

1797
01:32:36,720 --> 01:32:39,719
Speaker 28: Strains going around and that has meant that many beds

1798
01:32:39,720 --> 01:32:43,519
Speaker 28: are now occupied in hospital by flu patients. So people

1799
01:32:43,600 --> 01:32:46,000
Speaker 28: are beginning to think that actually, this five day strike

1800
01:32:46,080 --> 01:32:50,280
Speaker 28: may well knock out non emergency services for a while,

1801
01:32:50,400 --> 01:32:52,960
Speaker 28: and that's going to push up waiting lists and do

1802
01:32:53,160 --> 01:32:55,720
Speaker 28: a lot of dent to the government's plans to get

1803
01:32:55,760 --> 01:32:56,800
Speaker 28: those waiting lists down.

1804
01:32:57,040 --> 01:32:59,679
Speaker 3: Yeah, we have a similar thing going on here because

1805
01:32:59,760 --> 01:33:01,519
Speaker 3: during COVID, I'm sure you did the same thing. The

1806
01:33:01,520 --> 01:33:04,519
Speaker 3: waving lists blow out, government comes and tries to fix it.

1807
01:33:04,880 --> 01:33:07,400
Speaker 3: People go on strike and then it makes it very difficult.

1808
01:33:08,240 --> 01:33:08,559
Speaker 14: Now.

1809
01:33:09,040 --> 01:33:10,920
Speaker 3: Climate We're spoken about this a couple of times, but

1810
01:33:10,960 --> 01:33:13,800
Speaker 3: the climate, the sort of rolling back of the climate initiatives,

1811
01:33:13,840 --> 01:33:18,920
Speaker 3: the European Commissions watering down its petrol diesel vehicle ben.

1812
01:33:20,240 --> 01:33:23,120
Speaker 28: Yes, so the EU said that they were going to

1813
01:33:23,160 --> 01:33:28,719
Speaker 28: have zero emission new cars sold from twenty thirty five.

1814
01:33:29,200 --> 01:33:32,080
Speaker 28: In other words, every single car being sold off the

1815
01:33:32,120 --> 01:33:34,280
Speaker 28: fore court that was new was going to have to

1816
01:33:34,320 --> 01:33:38,240
Speaker 28: be electric or some kind of other zero emission vehicle.

1817
01:33:38,680 --> 01:33:41,680
Speaker 28: Well they've watered that down now to ninety percent, so

1818
01:33:41,720 --> 01:33:44,479
Speaker 28: it's still pretty tight, but I think it's a sign

1819
01:33:44,560 --> 01:33:47,840
Speaker 28: of perhaps what's more to come. Car makers, particularly those

1820
01:33:47,880 --> 01:33:51,559
Speaker 28: in Germany, have lobbied very heavily for concessions. They are

1821
01:33:51,680 --> 01:33:54,400
Speaker 28: pleased it's come down, but I think some of them

1822
01:33:54,400 --> 01:33:57,479
Speaker 28: are really thinking, actually, this needs to come down even more,

1823
01:33:58,200 --> 01:34:02,280
Speaker 28: and they are just saying quite simply that we are

1824
01:34:02,560 --> 01:34:06,080
Speaker 28: just not going to get there because the interest and

1825
01:34:06,160 --> 01:34:09,800
Speaker 28: the sales in electric cars has not been strong. And

1826
01:34:10,040 --> 01:34:13,679
Speaker 28: also the change to production lines whilst it's been happening

1827
01:34:13,960 --> 01:34:17,920
Speaker 28: to go from internal combustion through until electric, well those

1828
01:34:18,000 --> 01:34:20,479
Speaker 28: changes have started to be made, but we think twenty

1829
01:34:20,560 --> 01:34:24,160
Speaker 28: thirty five is way too ambitious to ban new petrol

1830
01:34:24,280 --> 01:34:25,439
Speaker 28: and diesel vehicles.

1831
01:34:25,479 --> 01:34:26,320
Speaker 3: So in a.

1832
01:34:26,320 --> 01:34:28,559
Speaker 28: Sense, Germany well, of course, one of the big big

1833
01:34:28,560 --> 01:34:31,720
Speaker 28: players in the EU, has got its way here, and

1834
01:34:31,840 --> 01:34:35,280
Speaker 28: it's not the only group that's pleased with this. It

1835
01:34:35,320 --> 01:34:37,679
Speaker 28: would appear as well, this is the way the UK

1836
01:34:37,920 --> 01:34:43,519
Speaker 28: is going as well, with the UK previously being hammered

1837
01:34:43,600 --> 01:34:47,920
Speaker 28: for the requirement for having better incentives to encourage drivers

1838
01:34:47,960 --> 01:34:50,920
Speaker 28: to buy electric Those incentives are there, but they're not

1839
01:34:51,040 --> 01:34:54,720
Speaker 28: very significant, and again electric car interest and electric car

1840
01:34:54,800 --> 01:34:58,439
Speaker 28: sales not great. Opponents of what's happening in the EU

1841
01:34:58,680 --> 01:35:02,759
Speaker 28: say they really risk undermining the transition towards electric vehicles

1842
01:35:02,800 --> 01:35:06,360
Speaker 28: and leaving the EU exposed in the face of foreign competition.

1843
01:35:06,600 --> 01:35:09,080
Speaker 3: And finally, given doesn't matter what kind of call you're driving.

1844
01:35:09,080 --> 01:35:10,920
Speaker 3: If you're going to first you get a speeding fine,

1845
01:35:10,920 --> 01:35:13,360
Speaker 3: but some drivers that might get an early Christmas prison.

1846
01:35:14,520 --> 01:35:18,160
Speaker 28: Yeah, this is an almighty cock up here by various

1847
01:35:19,080 --> 01:35:23,800
Speaker 28: authorities because it's been discovered that these roadside cameras, the

1848
01:35:23,840 --> 01:35:27,559
Speaker 28: fixed cameras that we see above gantries across major roads

1849
01:35:27,560 --> 01:35:30,320
Speaker 28: are on the side of the road, have been actually

1850
01:35:30,320 --> 01:35:35,519
Speaker 28: giving the wrongful speed and activated when people were driving

1851
01:35:35,520 --> 01:35:38,960
Speaker 28: to the limit and not speeding. So in total, two thousand,

1852
01:35:39,280 --> 01:35:43,760
Speaker 28: six hundred and fifty wrongful speed camera activations as they

1853
01:35:43,840 --> 01:35:47,760
Speaker 28: call it. In other words, wrongful prosecutions have happened since

1854
01:35:47,800 --> 01:35:51,200
Speaker 28: twenty twenty one, and that's due to a delay between

1855
01:35:51,240 --> 01:35:54,719
Speaker 28: the cameras and the variable speed signs. Now the effected

1856
01:35:54,840 --> 01:35:58,000
Speaker 28: drivers are being contacted by police and will be reimbursed

1857
01:35:58,040 --> 01:36:01,040
Speaker 28: for any fines. Points that they had removed from their

1858
01:36:01,080 --> 01:36:06,240
Speaker 28: license will be replaced. But the problem here, Ryan is

1859
01:36:06,280 --> 01:36:09,320
Speaker 28: some people might have lost their licenses all together because

1860
01:36:09,320 --> 01:36:13,280
Speaker 28: of numerous driving offenses, and of course if you lose

1861
01:36:13,320 --> 01:36:15,320
Speaker 28: your license, for some people, it's also the loss of

1862
01:36:15,360 --> 01:36:17,639
Speaker 28: their job. So it's a very real issue that among

1863
01:36:17,720 --> 01:36:22,080
Speaker 28: these two thy, six hundred and fifty wrongful convictions or

1864
01:36:22,120 --> 01:36:25,080
Speaker 28: wrongful prosecutions, there might be some people who have actually

1865
01:36:25,080 --> 01:36:30,040
Speaker 28: had their lives completely upended by excuse me, a fake camera.

1866
01:36:29,760 --> 01:36:32,800
Speaker 3: Reading, Gevin, thank you for that update. Devin Gray are

1867
01:36:32,880 --> 01:36:35,479
Speaker 3: UK correspondent nine to seven News Talk ZIBB.

1868
01:36:36,720 --> 01:36:40,240
Speaker 2: It's the hitherto See Allan Drive full show podcast on

1869
01:36:40,400 --> 01:36:42,800
Speaker 2: iHeartRadio powered by News Talk ZIBB.

1870
01:36:43,800 --> 01:36:46,639
Speaker 3: Don't news Talk ZIBB. It is six minutes away. From seven.

1871
01:36:46,840 --> 01:36:49,640
Speaker 3: I was just talking to Laura in Ens during the

1872
01:36:49,640 --> 01:36:52,160
Speaker 3: ad break. They're about aging and how everybody these days

1873
01:36:52,200 --> 01:36:54,800
Speaker 3: is getting you know, they're either getting botox or they're

1874
01:36:54,800 --> 01:36:58,840
Speaker 3: getting me here dyed or that, I don't know, having faceless,

1875
01:36:59,320 --> 01:37:01,519
Speaker 3: you know the cards. It used to be that you

1876
01:37:01,600 --> 01:37:03,280
Speaker 3: get a bit of filler and a bit of botox

1877
01:37:03,320 --> 01:37:06,440
Speaker 3: and they'd be done with it. Now they're all getting faceless,

1878
01:37:06,439 --> 01:37:09,160
Speaker 3: which apparently costs about two hundred and fifty thousand dollars

1879
01:37:09,240 --> 01:37:11,519
Speaker 3: to get done because they're the best in Hollywood. But

1880
01:37:11,560 --> 01:37:14,320
Speaker 3: what happens if you don't do any of that stuff?

1881
01:37:15,720 --> 01:37:18,400
Speaker 3: Do you look old? And if everyone else around you

1882
01:37:18,520 --> 01:37:21,760
Speaker 3: are your age, is doing it, you will stand out,

1883
01:37:22,200 --> 01:37:25,719
Speaker 3: won't you? If you know, it's almost like pear pressure

1884
01:37:25,760 --> 01:37:27,800
Speaker 3: at that point. If everybody else is doing it and

1885
01:37:27,800 --> 01:37:29,960
Speaker 3: you don't do it, you're going to stand out like dogs,

1886
01:37:30,080 --> 01:37:33,559
Speaker 3: you know what? Bollocks. So I don't know, it's a

1887
01:37:33,640 --> 01:37:38,320
Speaker 3: question I suppose everybody must confront at some point. Luckily,

1888
01:37:38,360 --> 01:37:41,920
Speaker 3: I'm not anywhere near that point yet. You're on news

1889
01:37:41,920 --> 01:37:43,920
Speaker 3: talk z'd b. It is coming up to seven o'clock.

1890
01:37:44,280 --> 01:37:46,200
Speaker 7: I don't think either of us Ryan hang out with

1891
01:37:46,240 --> 01:37:50,439
Speaker 7: as many ridiculously attractive people, as the Kardashians would over

1892
01:37:50,439 --> 01:37:53,120
Speaker 7: there in Beverly Hills still live all the showers.

1893
01:37:52,800 --> 01:37:53,400
Speaker 6: That is true.

1894
01:37:53,920 --> 01:37:56,519
Speaker 7: Who am I? What's My Name? By Snoop Dogg to

1895
01:37:56,520 --> 01:37:58,720
Speaker 7: play us out tonight. Snoop Dogg has announced that he

1896
01:37:58,760 --> 01:38:01,280
Speaker 7: will be playing the halftime show at one of the

1897
01:38:01,400 --> 01:38:03,799
Speaker 7: NFL games that's going to happen on Christmas Day. Christmas

1898
01:38:03,840 --> 01:38:05,519
Speaker 7: Day is a big sporting day in the States, so

1899
01:38:05,880 --> 01:38:07,719
Speaker 7: it'll be Boxing Day for us.

1900
01:38:07,600 --> 01:38:08,800
Speaker 3: And you can watch it.

1901
01:38:08,280 --> 01:38:11,840
Speaker 7: It'll be the Detroit Lions versus the Minnesota Vikings as

1902
01:38:11,880 --> 01:38:13,240
Speaker 7: far as I can find out, if you want to

1903
01:38:13,240 --> 01:38:16,080
Speaker 7: watch that one, you will have to jump on NFL

1904
01:38:16,479 --> 01:38:20,880
Speaker 7: Game Pass on the web to stream that one. But yeah,

1905
01:38:20,880 --> 01:38:22,800
Speaker 7: but if you do, you can watch the dog Father

1906
01:38:23,080 --> 01:38:24,080
Speaker 7: play the halftime show.

1907
01:38:24,280 --> 01:38:26,960
Speaker 3: Brilliant love it as Thank you very much for that.

1908
01:38:27,240 --> 01:38:29,439
Speaker 3: Time is five minutes away from seven, And just before

1909
01:38:29,520 --> 01:38:31,839
Speaker 3: I leave you this evening, we do have some breaking

1910
01:38:31,880 --> 01:38:36,120
Speaker 3: news that the alleged Bondi attack gunman has been charged

1911
01:38:36,640 --> 01:38:40,880
Speaker 3: by police with fifty nine offenses, including fifteen counts of

1912
01:38:41,040 --> 01:38:45,000
Speaker 3: murder and one count of committing a terrorist act. Just

1913
01:38:45,520 --> 01:38:48,880
Speaker 3: repeating that breaking news now alleged Bondi. The alleged Bondi

1914
01:38:48,880 --> 01:38:52,000
Speaker 3: attack gunman has been charged with fifty nine offenses, including

1915
01:38:52,040 --> 01:38:56,840
Speaker 3: fifteen counts of murder and one of committing a terrorist act.

1916
01:38:57,200 --> 01:39:00,639
Speaker 3: We'll have more on that news coming up seven o'clock,

1917
01:39:00,680 --> 01:39:03,400
Speaker 3: and then again of course on the insured hero dot

1918
01:39:03,400 --> 01:39:06,559
Speaker 3: co dot insid for more breaking news on that right now.

1919
01:39:07,160 --> 01:39:09,280
Speaker 3: I will see you tomorrow. Tomorrow's my last show for

1920
01:39:09,960 --> 01:39:12,599
Speaker 3: this year, for twenty twenty five, so I'm gonna come

1921
01:39:12,640 --> 01:39:15,320
Speaker 3: with my party pants on and look forward to seeing

1922
01:39:15,320 --> 01:39:18,520
Speaker 3: you tomorrow afternoon at four. Have a great one.

1923
01:39:19,720 --> 01:39:32,479
Speaker 29: Go now, just throw your hands, wave yump in the

1924
01:39:32,560 --> 01:39:35,720
Speaker 29: hay and wave them rolling around like you're just don't pee,

1925
01:39:36,240 --> 01:39:38,280
Speaker 29: roll up the dank and pull the drink and white

1926
01:39:38,439 --> 01:39:41,120
Speaker 29: just stop wild because dogs on the king, my bank

1927
01:39:41,200 --> 01:39:42,040
Speaker 29: goes all swollen.

1928
01:39:42,240 --> 01:39:43,559
Speaker 3: I'm still a long here, legit.

1929
01:39:43,760 --> 01:39:45,960
Speaker 2: Now I'm on called wrong swoll with.

1930
01:39:46,080 --> 01:39:48,639
Speaker 29: The dog pan wake behind me, and you're rolling with

1931
01:39:48,680 --> 01:39:51,040
Speaker 29: my bench. I for your make crime meat binging that

1932
01:39:51,160 --> 01:39:53,360
Speaker 29: thing and that cheek thing. But she wrote the geek

1933
01:39:53,439 --> 01:39:56,800
Speaker 29: with the biggest say and all that he is, I

1934
01:39:56,960 --> 01:39:59,440
Speaker 29: can I can him slim with the tilting.

1935
01:39:59,160 --> 01:40:00,040
Speaker 3: Brun What shou.

1936
01:40:05,200 --> 01:40:23,160
Speaker 6: Them the palm

1937
01:40:23,160 --> 01:40:26,360
Speaker 2: For more from Hither Duplessy Allen Drive, listen live to

1938
01:40:26,439 --> 01:40:29,479
Speaker 2: news talks it'd be from four pm weekdays, or follow

1939
01:40:29,520 --> 01:40:31,280
Speaker 2: the podcast on iHeartRadio