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Speaker 1: Pressing the newsmakers to get the real story. It's Heather

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Speaker 1: Duper c Allen Drive with One New Zealand let's get connected.

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Speaker 2: You still said b.

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Speaker 3: Afternoon coming up on the show. It turns out Philip

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Speaker 3: Pulkinghorn blew hundreds of thousands of dollars on hookers and drugs.

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Speaker 3: We're going to go to the court for the details.

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Speaker 3: A reportant to the cops today has found racism and bias.

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Speaker 3: Will speak to criminal lawyer Steve Cullen about that and

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Speaker 3: iag profits. This is the biggest insurer in the country

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Speaker 3: up nearly one thousand percent. The chief executive will explain.

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Speaker 4: Heather dup cy Allen, Well, I'm very.

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Speaker 3: Much on the side of the cops over whether they

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Speaker 3: should be pinging people for smoking in cars with kids.

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Speaker 3: I mean, you'll have caught up on this by now,

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Speaker 3: but it's been around most of the day. We've found

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Speaker 3: out that police have not been enforcing the law, even

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Speaker 3: the law even though the law has been passed for

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Speaker 3: the last three years, and they haven't issued a single fine,

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Speaker 3: and it's deliberate. They're deliberately not doing it. And the

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Speaker 3: police union says that the reason that they're doing This

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Speaker 3: is because, Frankly, cops are busy, and this is not

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Speaker 3: a cop problem. This is a health problem. And I

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Speaker 3: couldn't agree more with him. I mean, I think we

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Speaker 3: know police can only do so much, so let's prioritize it.

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Speaker 3: I would personally prefer that the limited number of officers

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Speaker 3: that we've got out there are preventing crimes, are catching

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Speaker 3: bad guys, are putting bad guys before the courts and

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Speaker 3: hopefully in jail, are getting stolen stuff back for us,

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Speaker 3: are putting pressure on gangs, are keeping our roads safe,

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Speaker 3: doing things like and we've discussed this this week, doing

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Speaker 3: things like booze buses and drug tests. I mean, I

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Speaker 3: could go on and on with my priorities for what

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Speaker 3: I want the police to do, and I would go

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Speaker 3: on a very long time before my list ever hit

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Speaker 3: stopping stupid parents smoking in cars with the kids inside,

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Speaker 3: Because how is that a police job? How is that

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Speaker 3: more important than chasing the bad guys and putting pressure

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Speaker 3: on gangs. Frankly, the way that I see it is

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Speaker 3: if parents are that dumb that they're hot boxing a

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Speaker 3: car with tobacco while their kids are inside, then they're

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Speaker 3: not just doing that in the car. They're doing that

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Speaker 3: at home as well, So having the cops come around

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Speaker 3: and give him a crack for doing it in the

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Speaker 3: car might might make the rest of us feel good

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Speaker 3: about it as we was sitting there being judgemental, and

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Speaker 3: it would it would make me find feel fantastic to

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Speaker 3: see somebody that don't get pained for it. But it's

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Speaker 3: not going to save the kids because it's still going

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Speaker 3: to be going on at home. So it's an utterly

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Speaker 3: pointless exercise. It was always a dumb law, wasn't it,

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Speaker 3: because it was always going to take up a huge

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Speaker 3: amount of resource when you think about it. Cops driving

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Speaker 3: down the road on his way to I don't know,

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Speaker 3: do some actual cop work pass goes a car full

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Speaker 3: of kids and the mum is smoking, and now what

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Speaker 3: has he got to do. He's got to chase the

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Speaker 3: car down and then deal with it and hear the

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Speaker 3: excuse is an issue the fine and that's how long

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Speaker 3: is that going to take? What a waste of time,

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Speaker 3: time that could have been spent preventing a crime from happening.

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Speaker 3: And actually, while we're on the subject, I think Mark

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Speaker 3: Mitchell I hardly ever think he does something wrong, but

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Speaker 3: I actually think he's done the wrong thing. And here

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Speaker 3: stepping in and forcing the cops to start enforcing this.

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Speaker 3: He knows that the cops are already stretched. Here's a

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Speaker 3: cop himself. He has just made that worse here the

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Speaker 3: dupless N two is the text number standard text fees

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Speaker 3: apply to hit the huddle with us. They were with

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Speaker 3: us around about twenty to six. Now Wellington EWE NA

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Speaker 3: Tangata is challenging ACT Party leader David Seymour to a

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Speaker 3: public debate on the Treaty Principles Bill. The EE says

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Speaker 3: Seymour has constantly challenged New Zealanders to have a national

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Speaker 3: conversation about the treaty, and now it's time for him

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Speaker 3: to front up and have a conversation. The ewe's chief executive,

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Speaker 3: Helmet Modelick, is with us. Now, hey, Helmet Shelder, Okay,

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Speaker 3: when and where do you want to have this debate?

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Speaker 5: Anytime, anywhere, as long as we're able to actually ensure

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Speaker 5: that it gets some coverage, because the audience for the

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Speaker 5: debate that I'm actually hoping for isn't David is actually

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Speaker 5: as our fellow citizens. I'm really wanting to surface for

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Speaker 5: New Zealanders the issues that keep getting alluded to but

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Speaker 5: never really directly addressed, so that anywhere, anytime, I'll be happy.

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Speaker 3: Obviously you want to do it and put it all.

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Speaker 5: Right, well, that would be nice. But if you do,

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Speaker 5: we go anywhere.

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Speaker 3: You could come and do it up here with me

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Speaker 3: and bring some bring some men development in my part

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Speaker 3: of the world. But I'm sure you want to bring

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Speaker 3: it to yours right, Yes, well le too, Yeah, okay,

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Speaker 3: and then are you happy to wait till November?

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Speaker 5: Well, nothing really will happen in November, other than that

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Speaker 5: people yell at each other, you know. So if I

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Speaker 5: sit in a if I'm in a select committee and

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Speaker 5: I'm making a submission, I'm given him a ten minutes.

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Speaker 4: You know.

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Speaker 3: I'm not suggesting you have to go to a select committee.

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Speaker 3: What I mean is, are you happy to wait until

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Speaker 3: we've actually seen the draft of the bill in November?

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Speaker 5: So David's made allusion to the alluded to the fact

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Speaker 5: that he thinks will be surprised with what he has

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Speaker 5: as to offer up. Yeah, but if you have a

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Speaker 5: read of what x website says about everything to do

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Speaker 5: with this issue, it's not really credible that it's going

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Speaker 5: to be a departure from that, and so that's a

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Speaker 5: marginal consideration. I mean, if we wait till November and

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Speaker 5: he has a debate, then cool. Truly I'd be happy

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Speaker 5: then too. It's just really about engaging with the issue

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Speaker 5: and leny New Zealanders actually hear the range of considerations

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Speaker 5: that are relevant. That's all I'm after.

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Speaker 3: Now, I think fair enough, but why does he need

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Speaker 3: to debate No disrespect to you, but why does he

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Speaker 3: need to debate you on this when he can actually

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Speaker 3: be having that debate with other elected parliamentarians when the

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Speaker 3: bill is put before the house.

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Speaker 5: Have you ever been to parliament? Have you listened to

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Speaker 5: what they say? And then that's not that's not a

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Speaker 5: deliberation exercise. They just talkue at each other, play games. No,

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Speaker 5: this is a good faith invitation. So I actually know

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Speaker 5: David a bit. I've spent a bit of time with him.

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Speaker 5: I actually think he's a genuine person. I think he

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Speaker 5: believes entirely what he's trying to do. So this is

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Speaker 5: a good faith exercise to surface for the country the

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Speaker 5: breadth of issues that are in play. I'm not looking

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Speaker 5: for an entertainment exercise or to embarrass David. I really

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Speaker 5: am trying to just surface for New Zealanders, both sides

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Speaker 5: of the debate.

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Speaker 3: It's that important, Hey, Helm, on the general subject of

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Speaker 3: whether we need to have a debate on this, what

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Speaker 3: do you reckon? Absolutely, you're cool that just because a

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Speaker 3: lot of people are pretty opposed to the fact that

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Speaker 3: he's raised this at all, but you're saying this is

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Speaker 3: okay for.

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Speaker 2: Us to do well.

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Speaker 5: I think that one of the big mistakes that's been

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Speaker 5: made around the world and other democracy is that people

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Speaker 5: have retrenched into positions where they actually don't talk to

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Speaker 5: each other anymore, and it's created you know, the democracies

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Speaker 5: around the world. The United States is probably one of

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Speaker 5: the biggest messes in that regard. So we don't want

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Speaker 5: to go down that route. So let's have the conversation

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Speaker 5: in a respectful, open dialogue and then let's play it out.

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Speaker 5: That's all I'm looking for.

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Speaker 3: If we have the debate helmet, it's always possible that

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Speaker 3: it goes that the end result. I mean, because regardless

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Speaker 3: of what this particular parliament may do, it may be

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Speaker 3: around for the next parliament, and it may be that

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Speaker 3: he actually has support and he passes the Treaty Principals

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Speaker 3: Bill into law. How would you feel about that? Whatever

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Speaker 3: it is?

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Speaker 5: Well, yeah, well look there's a key issue that keeps

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Speaker 5: getting conflated. Right, So David keeps talking about democracy. Democracy

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Speaker 5: has not actually got anything to do with truth. If

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Speaker 5: we had half the population were color blind and all

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Speaker 5: voted that the sky was green, it wouldn't really change

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Speaker 5: the fact that it's not right. And so the historical

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Speaker 5: reality that relates to titidity or white tongue and what

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Speaker 5: it is to say and what it means, that's not

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Speaker 5: a debate. But the debate is what are we going

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Speaker 5: to do about it in the twenty fifth century. Now

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Speaker 5: that is a conversation with having. Now, if the majority

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Speaker 5: of New Zealanders actually end up in a place that

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Speaker 5: does violence to the facts, to the truth, to the

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Speaker 5: legitimacy of the position as it's laid out, then that's

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Speaker 5: a call that New Zealanders will make. I don't believe

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Speaker 5: they will. I think, in fact, that this is a

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Speaker 5: last gasp Anglo Saxon kickback of baby boomers and those

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Speaker 5: at that end of their life cycle. If you spoke

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Speaker 5: to most New Zealanders of forty years or under, they

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Speaker 5: will have a very different attitude to most of this stuff.

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Speaker 5: So I'm not particularly concerned about where it will land.

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Speaker 5: For the reason is that, you know, to be frank,

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Speaker 5: We're right. The treaty does say what it says, and

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Speaker 5: all we have to figure out is what are we

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Speaker 5: going to do about it in the twenty fifth century.

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Speaker 5: Now we were on a trajectory of figuring that out. Now,

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Speaker 5: I knew it was discomforting to some people, but we're

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Speaker 5: for three or four decades we've been on a pathway

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Speaker 5: of truth and reconciliation and figuring that out. That's all

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Speaker 5: we got to do. Get back on that path and

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Speaker 5: keep talking.

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Speaker 3: Helmet. It's good to talk to you, mate, Thank you

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Speaker 3: very much, really appreciate its Helmet Modlick Modlock, who is

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Speaker 3: the chief executive of NAT Tour the EWA around Wellington,

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Speaker 3: the Democratic National by the way, hait me with it. God,

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Speaker 3: I go on because the texts are already going on it.

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Speaker 3: So nine two nine two is the text number on

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Speaker 3: that Democratic National Conventions had this big old day today.

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Speaker 3: They had the superstars out, they had Obama's times two

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Speaker 3: had who else did they have? Oh Digison? That is cruel?

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Speaker 3: I was Andre Cinder?

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Speaker 1: Was there?

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Speaker 3: Apparently no? I was meaning more like legit Americans talking

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Speaker 3: there anyway, never mind Obama's Times two plus jinder. So

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Speaker 3: I'll give you some of the details shortly sixteen past four.

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Speaker 1: Digging deeper into the day's headlines, it's hither duper c

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Speaker 1: Allen Drive with one New Zealand one giant leaf for business,

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Speaker 1: used dogs, b Sport with tab get your bed on

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Speaker 1: R eighteen, bet responsibly.

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Speaker 3: Darcy water Grave sports talk hosters with me now, Hello,

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Speaker 3: dance greeting. What's Nikarios got to say for himself?

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Speaker 6: He's not overly happy about what's happened with Annix Sinner.

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Speaker 3: Does he not believe the story?

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Speaker 6: He's plainly not. I don't know if he knows the

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Speaker 6: details or the fine print or what actually was come

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Speaker 6: up with as far as the the investigation into the

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Speaker 6: one millionth of a gram because what happened to Janik

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Speaker 6: got tested twice, so they had one another sun We

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Speaker 6: got tested twice and as a direct result of that testing,

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Speaker 6: he lost his ranking points for that tournament, also lost

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Speaker 6: his prize money, so that was already a hat. He protested.

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Speaker 6: They went back, they had a look at it and

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Speaker 6: went well, no on balance, no, no, you're not guilty

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Speaker 6: and you're free to come back.

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Speaker 3: Because the guy old lady who was giving him a massage,

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Speaker 3: it sprayed something on their hands.

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Speaker 6: It's something that is only available in a handful of countries.

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Speaker 6: It's not all and Italy. It's in there now and you.

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Speaker 3: Were saying, it's my uta. How much was in there?

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Speaker 7: A brilliant a million three.

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Speaker 3: So it wasn't affecting his performance, I.

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Speaker 6: Would highly doubt. I was talking on the Travis Tigert

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Speaker 6: today and you hear that on Sports Talk. He's the

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Speaker 6: ahead of you SATA, the antidoping place out of the States,

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Speaker 6: and he said, look, you can actually spray this on

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Speaker 6: your hand, you shake someone's hand and they would show

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Speaker 6: it positive for it and there's nothing in it that's

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Speaker 6: performance enhancing. Okay, he's pleased about it because he's what

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Speaker 6: he wants WADA to do now is find a threshold,

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Speaker 6: because he said, there's a lot of money and time

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Speaker 6: spent chasing people that aren't cheating, that have got a

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Speaker 6: minuscule amount of it in them, and it's really just

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Speaker 6: wasting everybody's time and it's tarnishing these athletes.

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Speaker 5: Now.

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Speaker 6: Travis is fairly direct and fairly robust, in his criticism

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Speaker 6: of drugged athletes, and he has no issue whatsoever with

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Speaker 6: what's happened there with Sinner. He said, it's fine.

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Speaker 3: It's a shame you had.

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Speaker 6: To go through it, but there you go. And of

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Speaker 6: course Karios has come off half cocked. A few other

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Speaker 6: ex tennis players as well. You know, one rule for them,

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Speaker 6: one rule for something else. Well, I think you'll take

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Speaker 6: each case as it stands, don't you.

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Speaker 3: Dars. Have the spring box got a strength inside for

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Speaker 3: the all blacks? Have they beefed it up?

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Speaker 6: Well, they've got to know about beefed up because it's

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Speaker 6: mostly just it's a couple of Fords. I mean, Stephen

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Speaker 6: kids off. He's scary, let's face it, a massive ginger prop.

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Speaker 6: He freaks me out a jasper visa or jasper wise

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Speaker 6: from jasper wise. Other number eight is back at again.

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Speaker 6: So there's a couple of the big hefty pack back.

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Speaker 6: But these five guys have all come back from winning

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Speaker 6: World Cup, so they're not slugs. The half back Hendrix

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Speaker 6: is back in again. Estehuzen and Moody back in the

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Speaker 6: side again. Remembering this is the first time these teams

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Speaker 6: have clashed since the defeat in the World Cup Final.

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Speaker 6: It is in Jansburg, and what do we know about Jana'sburg?

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Speaker 3: Very dangerous?

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Speaker 6: Never go there, it's gross, okay, and what else do

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Speaker 6: we know about Johannesburg.

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Speaker 3: High altitude?

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Speaker 7: There you go.

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Speaker 6: So they're going to hopefully try and run the All

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Speaker 6: Blacks off their feet. Now the South, they're going to

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Speaker 6: be very happy to come back from the drenching that

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Speaker 6: they took weather wise up against Australia, back on these

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Speaker 6: hard and fast grounds. But also remember that Scott Barrett

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Speaker 6: the Captain will be back too. We got Ardisava who

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Speaker 6: played the house down of eight last time around, and

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Speaker 6: then you've got Samkin who will probably come off the

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Speaker 6: bench now. Sam will be fierce because it was that

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Speaker 6: game that gott Scene tops All Black Captain. See, there

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Speaker 6: are so many moving parts to this and so many storylines.

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Speaker 6: We only have to wait for a week and half.

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Speaker 3: It's fun looking forward. Hey, thank you, Darcy, appreciate it.

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Speaker 3: Darcy water Grave, sports Talk host back at seven.

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Speaker 1: Digging deeper into the day's headlines. It's Heather duper c

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Speaker 1: Allen Drive with One New Zealand. Let's get connected and news.

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Speaker 3: Talk said be Heather, wake up the reason he has

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Speaker 3: a minuscular mount in his system when tested was because

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Speaker 3: he took he was tested well after he took it.

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Speaker 3: He basically the argument is he basically avoided getting tested

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Speaker 3: for ages to be able to confuse clowns like me.

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Speaker 3: Thank you, mate, Helmet Modlick so helmet Helmut had an

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Speaker 3: interview of two halves. Hey, he was doing really well.

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Speaker 3: I was really enjoying him, and I got a lot

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Speaker 3: of texts along those lines. Hither the sky sounds really legit.

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Speaker 3: Someone first time someone has spoken with common sense. Bring

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Speaker 3: on the debate. Hither. I like that guy and what

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Speaker 3: he was saying. I'd like to watch a debate between

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Speaker 3: him and Seymour. And then Hither he was going okay

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Speaker 3: until he told me what I was thinking as a

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Speaker 3: forty year old. Hither he had me nodding in agreement

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Speaker 3: until he made his baby boomers crack, then he lost me,

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Speaker 3: and so on. Although somebody loved it, Yep, he nailed it,

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Speaker 3: older generations thinking holding us back. Finally someone said it on.

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Speaker 3: I think that he's wrong, and I think that because

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Speaker 3: I am not yet forty, I am about one month

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Speaker 3: shy of it, and I tend to be up for

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Speaker 3: this debate and would be quite keen to see some

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Speaker 3: things changing. So who's loved being with the baby boom

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Speaker 3: is unfairly both So I just think has diagnosed as

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Speaker 3: the situation is wrong anyway. For twenty six now, the

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Speaker 3: Obamas that headlined the second night of the Democratic National Convention.

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Speaker 8: Something wonderfully magical is in the air, isn't it?

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Speaker 3: And Michelle Obama was good.

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Speaker 8: It's the contagious power of hope, the anticipation, the energy,

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Speaker 8: the exhilaration of once again being on the cusp of

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Speaker 8: a brighter day.

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Speaker 2: Yeah.

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Speaker 3: And the brighter day, I think is because Joe's not

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Speaker 3: there anymore. America.

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Speaker 9: Hope is making a comeback, and.

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Speaker 3: The crowd, as you can hear, loved her.

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Speaker 8: It's up to us to remember what Kamala's mother told her.

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Speaker 8: Don't just sit around and complain.

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Speaker 9: Do something. So if they lie about her, and they will, we've.

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Speaker 8: Got to do something.

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Speaker 9: If we see a bad poll, and we will, we

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Speaker 9: got to put down that phone and do something.

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Speaker 3: If we start.

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Speaker 9: Feeling tired, if we start feeling that dread creeping back in,

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Speaker 9: we got to pick ourselves up, throw.

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Speaker 3: Water on our face.

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Speaker 1: And what.

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Speaker 3: How good is Michelle Obama. It's a wrong woman running.

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Speaker 3: But anyway, if she doesn't want to do it, she

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Speaker 3: don't want to count for so. Logan Church, us correspondent

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Speaker 3: for TV and Z is there at the convention and

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Speaker 3: he is going to be with us and tell us

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Speaker 3: all about what did he speak to Sinda? He spoke

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Speaker 3: to her jus and so we're gonna find out how

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Speaker 3: fuzzy she is about it. He'll be with us very shortly.

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Speaker 1: The day's newsweakers talked to Heather first, Heather Dupless Allen

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Speaker 1: drive with one New Zealand let's get connected and news

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Speaker 1: talk Z be you'd seem now proud?

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Speaker 10: Do you think the.

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Speaker 3: Funeral was beautiful? After five o'clock, Chelsea Daniels, our court reporter,

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Speaker 3: is going to be with us on the Polkinghorn trial

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Speaker 3: because we've got the details on the amount of money

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Speaker 3: that Philip Polkinhorn had spent on hookers and drugs. Get

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Speaker 3: a load of this, lou five hundred dollars a week

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Speaker 3: for a time on the North Shore hooker paid one

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Speaker 3: hundred and six thousand dollars one hundred and thirty one

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Speaker 3: directly to Madison Ashton. She was the Aussie one and

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Speaker 3: then when he was in New Zealand, somebody used his

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Speaker 3: card in Australia to take out one hundred and fifteen

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Speaker 3: thousand dollars in cash. Well, I mean, if he's in

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Speaker 3: New Zealand and the cards in Australia, I think you

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Speaker 3: can probably figure that one out. He also sold a

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Speaker 3: rental property to pay money to the Zie Hooker plus

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Speaker 3: another woman. All up, they think that he spent three

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Speaker 3: hundred thousand dollars on six women. He also took out

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Speaker 3: four hundred and forty thousand dollars in cash withdrawals over

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Speaker 3: a few years, and they think some of that went

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Speaker 3: to the women as well. That's obviously a lot of money.

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Speaker 3: I mean I think I think I don't we'll get

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Speaker 3: Chelsea to the calculations for us, because we might be

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Speaker 3: adding up double laps and stuff. But I mean we're

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Speaker 3: talking several hundreds of thousands of dollars here on extracurricular activities,

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Speaker 3: which is a lot of money to be spending on it.

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Speaker 3: But then they were pretty loaded as a couple. I mean,

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Speaker 3: she was earning about three hundred thousand a year. He

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Speaker 3: was earning in some years as much as seven hundred

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Speaker 3: and fifty thousand from his Auckland eye clinic, So Chelsea

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Speaker 3: will fill in the blanks when she's with us. After

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Speaker 3: five it's twenty three too.

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Speaker 4: It's the world wires on news dogs.

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Speaker 3: They'd be drive Just so that Adern has spoken on

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Speaker 3: the sidelines of the Democratic National Convention in Chicago. She

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Speaker 3: wasn't given a slot on the main stage, but she

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Speaker 3: spoke as part of a Global Progress Action panel earlier today,

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Speaker 3: and she spoke about her own experience of suddenly becoming

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Speaker 3: party leader in twenty seventeen for.

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Speaker 11: An opposition and my boss came to work one day

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Speaker 11: and he quit, and then he nominated me to run

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Speaker 11: in the election seven weeks later.

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Speaker 3: Logan Church on that shortly looks like Hamas isn't going

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Speaker 3: to go anywhere near signing Anthony B. Lincoln's new cease

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Speaker 3: fire deal. The US Secretary of State has again urged

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Speaker 3: the militant group to agree to a bridging proposal that

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Speaker 3: Israel is on board with.

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Speaker 12: Time is of the essence, because with every passing day,

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Speaker 12: the well being and lives of the hostages are in jeopardy.

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Speaker 12: Times are the essence, because every single day, women, children,

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Speaker 12: man and Gaza are suffering.

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Speaker 3: Bojamas says the deal is too favorable to Israel and

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Speaker 3: finally benefer is over again. Singer and actress Jennifer Lopez

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Speaker 3: has filed for divorce from actor and director Ben Affleck,

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Speaker 3: and according to the divorce papers, the couple separated again

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Speaker 3: in April, so that they didn't quite make it to

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Speaker 3: their second second.

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Speaker 1: Anniversary International correspondence with Ens and Eye Insurance Peace of

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Speaker 1: mind for New Zealand business.

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Speaker 3: I mean, what's the lesson in that? Don't go back

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Speaker 3: to your ex and if your friend is going back

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Speaker 3: to the X, stop them from going back to the X.

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Speaker 3: And you'd never need any other example to throw at

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Speaker 3: them other than benefit she tried, and look he was

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Speaker 3: a dick the whole way through with us now is

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Speaker 3: Logan Church TV and Z one uses US correspondent.

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Speaker 13: Hey Logan, good evening.

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Speaker 3: How good was Michelle Obama?

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Speaker 13: Well, the Republicans may have had Hulk Hogan at their

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Speaker 13: convention just over a month ago, but the Democrats, well

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Speaker 13: they had Michelle and Barack Obama, and boy, oh boy,

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Speaker 13: did they raise the roof tonight. In particular, they took

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Speaker 13: aim at Donald Trump Barack Obama talking about Trump's intensions

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Speaker 13: going into this election. But I think the biggest applause

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Speaker 13: of the night actually went to Michelle Obama. Was electric

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Speaker 13: in there when she spoke. Now, she's always been a

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Speaker 13: bit of a somewhat reluctant campaigner over the years. She

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Speaker 13: spoke for almost twenty minutes and spent most of it

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Speaker 13: focusing on Trump, dealing out some absolute zingers. One of

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Speaker 13: them she said, and I'm going to quote here here,

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Speaker 13: when we see a mountain in front of us, we

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Speaker 13: don't expect there to be an escalator to take us

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Speaker 13: to the top. That, of course a reference to that

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Speaker 13: escalator and Trump Tower that Trump arrived on when he

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Speaker 13: first entered the US election race. And that was, as

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Speaker 13: you can imagine, met by a roaring laughter and loud applause.

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Speaker 13: So really some fiery language in the arena tonight from

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Speaker 13: the Obamas.

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Speaker 3: I mean, given how popular she is and given how

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Speaker 3: good she is, how long before we have to wait

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Speaker 3: for her to do her run?

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Speaker 13: Well, she has ruled out politics and running for the presidency. Look,

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Speaker 13: you're not the first person to ask that question. A

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Speaker 13: lot of people here have been wondering if that's something

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Speaker 13: Michelle Obama has ever thought about doing, But she's come

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Speaker 13: out publicly in the past saying, look, politics was Bark's thing,

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Speaker 13: and I was there to support some So no, I

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Speaker 13: don't think we're going to be seeing a michellow A

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Speaker 13: run anytime soon. But look, as America is teaching me,

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Speaker 13: things changed by the minute.

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Speaker 3: So who knows how was Jasinda when you caught up

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Speaker 3: were there? Was she happy to see you?

437
00:21:09,720 --> 00:21:11,280
Speaker 13: Well, I don't know about that, but she was actually

438
00:21:11,280 --> 00:21:15,040
Speaker 13: in the arena itself when the Obamas spoke, So as

439
00:21:15,080 --> 00:21:17,879
Speaker 13: you were discussing this before, she was as part of

440
00:21:17,880 --> 00:21:21,159
Speaker 13: a panel discussion at a sideline event hosted by the

441
00:21:21,320 --> 00:21:25,199
Speaker 13: Center for American Progress, and she in many ways was

442
00:21:25,320 --> 00:21:27,760
Speaker 13: probably the star guests there, even though there were other

443
00:21:27,880 --> 00:21:30,879
Speaker 13: world leaders and dignitaries there. Now, in her remark, she

444
00:21:31,000 --> 00:21:34,840
Speaker 13: really drew parallels between Kamala Harris's recent rise to the

445
00:21:34,840 --> 00:21:38,920
Speaker 13: top of the Democratic Party ticket, telling the largely American

446
00:21:39,000 --> 00:21:42,600
Speaker 13: crowd about that time in twenty seventeen where, in her words,

447
00:21:42,720 --> 00:21:45,320
Speaker 13: she walked into work one day and her boss quit

448
00:21:45,720 --> 00:21:48,200
Speaker 13: then nominated her to lead the party into the election

449
00:21:48,320 --> 00:21:51,200
Speaker 13: that was just seven weeks away. And that's a story

450
00:21:51,200 --> 00:21:55,680
Speaker 13: of it's become very familiar in America in recent weeks now,

451
00:21:55,720 --> 00:21:57,960
Speaker 13: even though in New Zealand J cindra Ja's legacy, I

452
00:21:58,000 --> 00:21:59,879
Speaker 13: think it's fair to say it's somewhat complicated.

453
00:22:00,720 --> 00:22:01,200
Speaker 2: You have to.

454
00:22:01,200 --> 00:22:04,680
Speaker 13: Remember that in America people here really knows only two

455
00:22:04,720 --> 00:22:06,560
Speaker 13: things about New Zealand. That's Lord of the Rings and

456
00:22:06,880 --> 00:22:09,679
Speaker 13: Cinda a dirt. She is very popular here. She has

457
00:22:09,720 --> 00:22:12,240
Speaker 13: seen as a great world leader. And it was really

458
00:22:12,320 --> 00:22:14,680
Speaker 13: Selfie's left rice and center when she walked in the

459
00:22:14,800 --> 00:22:20,080
Speaker 13: room reminded me of the sindamania before she was first

460
00:22:20,359 --> 00:22:23,639
Speaker 13: elected as Prime Minister. So her presence here today was

461
00:22:23,680 --> 00:22:26,800
Speaker 13: certainly no even though her appearance was, as you said,

462
00:22:27,280 --> 00:22:29,600
Speaker 13: at a sideshow events rather than the main stay.

463
00:22:29,640 --> 00:22:31,280
Speaker 3: Did you get some goss from her on what she's

464
00:22:31,359 --> 00:22:33,520
Speaker 3: up to, Like, is she permanently living in the States,

465
00:22:33,600 --> 00:22:36,080
Speaker 3: she coming home? What's the story is Clark was a

466
00:22:36,200 --> 00:22:36,640
Speaker 3: girl there.

467
00:22:37,840 --> 00:22:40,399
Speaker 13: She's currently living in Boston, so a little bit further

468
00:22:40,520 --> 00:22:44,720
Speaker 13: north than me. She's involved with a variety of sort

469
00:22:44,720 --> 00:22:49,280
Speaker 13: of think tanks and charities and organizations over here, the

470
00:22:49,400 --> 00:22:52,000
Speaker 13: liberal organizations as well, and that sort of is how

471
00:22:52,040 --> 00:22:55,360
Speaker 13: she ended up being involved in the in the convention

472
00:22:55,440 --> 00:22:56,280
Speaker 13: events here today.

473
00:22:56,320 --> 00:22:58,440
Speaker 3: Good on your Logan, thanks mate, appreciate it, Logan, Church

474
00:22:58,440 --> 00:23:03,320
Speaker 3: One News corresponding, Yeah, I was asking because I've got

475
00:23:03,320 --> 00:23:07,080
Speaker 3: a place near Justinta's parents beach place. Gisina has not

476
00:23:07,080 --> 00:23:10,080
Speaker 3: been around for a while, and then someone else who

477
00:23:10,119 --> 00:23:12,320
Speaker 3: works with me has got a place near her actual house,

478
00:23:12,359 --> 00:23:14,159
Speaker 3: and Juston has not been around for a while, so

479
00:23:14,200 --> 00:23:16,240
Speaker 3: we're all starting to think Ja Cinda ain't coming home.

480
00:23:16,440 --> 00:23:18,440
Speaker 3: So I thought maybe he'd have some gospel. No, Logan

481
00:23:18,480 --> 00:23:21,119
Speaker 3: obviously is more decent than I didn't go there getting

482
00:23:21,119 --> 00:23:23,720
Speaker 3: a lot of these texts. Who cares what Jasinda has

483
00:23:23,720 --> 00:23:25,400
Speaker 3: to say? Don't even ask him here the please don't

484
00:23:25,400 --> 00:23:27,280
Speaker 3: play any audio of Justin to hear the No. Justina,

485
00:23:27,320 --> 00:23:28,880
Speaker 3: she's dead to us now, heither. Why do you even

486
00:23:28,920 --> 00:23:30,760
Speaker 3: have to mention her. I'm trying to eat me dinner here.

487
00:23:30,800 --> 00:23:33,480
Speaker 3: The police. Stop talking about the sound of her voice

488
00:23:33,560 --> 00:23:36,479
Speaker 3: or her name. Drives me insane. You say that the

489
00:23:36,600 --> 00:23:39,600
Speaker 3: world does not think that front page of the Sydney

490
00:23:39,680 --> 00:23:43,720
Speaker 3: Morning Herald, whilst the headline working for People not Power

491
00:23:43,840 --> 00:23:46,639
Speaker 3: Ardourne's hopes for future US prison. I saw it on

492
00:23:46,680 --> 00:23:48,480
Speaker 3: the front page of the Sydney Morning Harold. I thought, geez,

493
00:23:48,480 --> 00:23:50,520
Speaker 3: she must have said something compelling to make the front

494
00:23:50,520 --> 00:23:52,040
Speaker 3: page of the Sydney Morning Herald. I mean, she's not

495
00:23:52,080 --> 00:23:54,960
Speaker 3: even one of their people, right, so what has she done?

496
00:23:55,000 --> 00:23:57,760
Speaker 3: And they clicked on it? Yawn fest, So even a

497
00:23:57,960 --> 00:24:00,720
Speaker 3: boring speech makes it to the front page of the

498
00:24:00,760 --> 00:24:02,639
Speaker 3: Sydney Morning Herald. This is about the most interesting thing

499
00:24:02,720 --> 00:24:04,639
Speaker 3: she said. No one will know what it feels like

500
00:24:04,680 --> 00:24:07,400
Speaker 3: to be Karmala Harris right now. As much as there

501
00:24:07,440 --> 00:24:09,399
Speaker 3: is a lot of commentary around the historic moment in

502
00:24:09,440 --> 00:24:11,480
Speaker 3: time and the momentum that is out there, I can

503
00:24:11,480 --> 00:24:14,080
Speaker 3: only imagine that what Karmala Harris is likely thinking each

504
00:24:14,160 --> 00:24:17,680
Speaker 3: day is not this is an historic I won't correct her.

505
00:24:17,800 --> 00:24:20,960
Speaker 3: This is a historic moment in time. But what can

506
00:24:21,000 --> 00:24:23,040
Speaker 3: I do on behalf of people? So there you go.

507
00:24:23,119 --> 00:24:27,320
Speaker 3: You know, just remember we've got complicated feels about this,

508
00:24:27,440 --> 00:24:31,040
Speaker 3: but the others who they love our Jacinda not exudging.

509
00:24:31,119 --> 00:24:33,520
Speaker 14: But why is the text to having dinner at twenty

510
00:24:33,560 --> 00:24:33,920
Speaker 14: to five?

511
00:24:34,040 --> 00:24:37,040
Speaker 3: Mate? I did wonder about that. I was like, even

512
00:24:37,040 --> 00:24:39,320
Speaker 3: when you become a parent, the earliest time that you're

513
00:24:39,320 --> 00:24:42,639
Speaker 3: having dinner is I'm thinking half past five. Are they

514
00:24:42,680 --> 00:24:44,840
Speaker 3: a shift worker or do they have worms?

515
00:24:45,200 --> 00:24:47,280
Speaker 14: Yeah, there's probably a logical explanation.

516
00:24:47,320 --> 00:24:47,800
Speaker 15: I'm just curiing.

517
00:24:48,000 --> 00:24:50,200
Speaker 3: I just feel like Sean needscerci the doctor about that. Actually,

518
00:24:50,280 --> 00:24:51,880
Speaker 3: Verry so Bold Politics Next.

519
00:24:52,200 --> 00:24:56,440
Speaker 1: Politics with Centrics. Credit, check your customers and get payments Certady.

520
00:24:56,160 --> 00:24:59,280
Speaker 3: Arry Soper, Senior Political Correspondence with US. Hey, Barry, good afternoon.

521
00:24:59,280 --> 00:24:59,720
Speaker 16: Have one.

522
00:24:59,840 --> 00:25:03,040
Speaker 3: The Obamas have got star power? Well, I say the Obamas.

523
00:25:03,040 --> 00:25:05,600
Speaker 3: But he's writing on her coattails, isn't he? She has

524
00:25:05,640 --> 00:25:06,600
Speaker 3: got star power.

525
00:25:06,760 --> 00:25:10,040
Speaker 7: Certainly was tonight in Chicago and has no doubt about it.

526
00:25:10,040 --> 00:25:13,399
Speaker 7: It's their hometown, of course. And you know, talk in

527
00:25:13,440 --> 00:25:16,919
Speaker 7: the past has been about Michelle Obama maybe becoming a

528
00:25:16,960 --> 00:25:20,840
Speaker 7: nominee for the president's job. I'll tell you what. I

529
00:25:20,880 --> 00:25:22,960
Speaker 7: was watching her today. I'd love to have been there

530
00:25:23,400 --> 00:25:28,280
Speaker 7: because the crowd went wild, much more enthusiastic, I've got

531
00:25:28,320 --> 00:25:31,440
Speaker 7: to say, for her than they were for Barrick. But nevertheless,

532
00:25:31,480 --> 00:25:35,280
Speaker 7: it was very entertaining. She was first up wooing what

533
00:25:35,480 --> 00:25:40,000
Speaker 7: is a massive crowd before introducing her husband, as if

534
00:25:40,000 --> 00:25:42,280
Speaker 7: he needed any introduction. Here they are for.

535
00:25:42,480 --> 00:25:46,160
Speaker 8: Years, Donald Trump did everything in his power to try

536
00:25:46,160 --> 00:25:51,000
Speaker 8: to make people fear us. See his limited narrow view

537
00:25:51,119 --> 00:25:54,560
Speaker 8: of the world made him feel threatened by the existence

538
00:25:54,600 --> 00:25:58,240
Speaker 8: of two hard work and highly educated, successful people who

539
00:25:58,359 --> 00:25:59,800
Speaker 8: happened to be black.

540
00:26:00,119 --> 00:26:00,679
Speaker 9: I want to know.

541
00:26:02,119 --> 00:26:04,399
Speaker 11: I want to know who's.

542
00:26:04,160 --> 00:26:06,880
Speaker 8: Gonna tell him that the job he's currently seeking might

543
00:26:06,920 --> 00:26:10,240
Speaker 8: just be one of those black jobs.

544
00:26:10,480 --> 00:26:11,680
Speaker 10: The same old Cohn.

545
00:26:12,480 --> 00:26:17,680
Speaker 8: Doubling down on ugly, misogynistic races lives as a substitute

546
00:26:17,720 --> 00:26:18,560
Speaker 8: for real.

547
00:26:18,320 --> 00:26:22,280
Speaker 9: Ideas and solutions that will actually make people's lives better.

548
00:26:22,640 --> 00:26:25,280
Speaker 15: I don't know about you, but I'm feeling fired up.

549
00:26:26,600 --> 00:26:30,280
Speaker 15: This will still be a tight race in a closely

550
00:26:30,680 --> 00:26:35,280
Speaker 15: divided country. Here's a seventy eight year old billionaire who

551
00:26:35,359 --> 00:26:39,800
Speaker 15: has not stopped whining about his problems since he wrote

552
00:26:39,840 --> 00:26:41,680
Speaker 15: down his Golden Escalator.

553
00:26:41,520 --> 00:26:42,200
Speaker 7: Nine years ago.

554
00:26:43,200 --> 00:26:48,840
Speaker 17: It has been a constant stream of gripes and grievances

555
00:26:49,119 --> 00:26:51,480
Speaker 17: that's actually been getting worse now that he's afraid of

556
00:26:51,480 --> 00:26:53,760
Speaker 17: losing the combms.

557
00:26:54,600 --> 00:26:57,640
Speaker 7: So it was great stuff, It was grit or Tree,

558
00:26:58,400 --> 00:27:04,680
Speaker 7: it was pulish Arman was just most certainly, then, don't

559
00:27:04,680 --> 00:27:10,480
Speaker 7: forget that Trump question whether Barack Obama was legitimate and

560
00:27:10,600 --> 00:27:14,760
Speaker 7: running for president, that he said is lineage. He put

561
00:27:14,760 --> 00:27:17,480
Speaker 7: a question over that. So they are no friends. It's

562
00:27:17,560 --> 00:27:20,399
Speaker 7: no doubt about that. And both of them obviously feel

563
00:27:20,440 --> 00:27:21,200
Speaker 7: quite aggrieved.

564
00:27:21,480 --> 00:27:24,119
Speaker 3: Barry, do you get the feeling Winston is wabbling a

565
00:27:24,119 --> 00:27:25,640
Speaker 3: little bit on the Treaty Principal's Bill.

566
00:27:25,760 --> 00:27:27,600
Speaker 7: Well, I'll tell you what. You only had to listen

567
00:27:27,800 --> 00:27:31,439
Speaker 7: to them in the house this afternoon now, Christopher Luxon,

568
00:27:31,560 --> 00:27:36,399
Speaker 7: he took the Whititanngi Tribunal to task recently forgetting ahead

569
00:27:36,400 --> 00:27:39,080
Speaker 7: of themselves attacking the bill before it's even been written.

570
00:27:39,760 --> 00:27:43,080
Speaker 7: He of course could attract the same criticism for opposing

571
00:27:43,119 --> 00:27:46,560
Speaker 7: the bill passed its first reading, given that he hasn't

572
00:27:46,600 --> 00:27:50,399
Speaker 7: seen it himself either. But Winston Peter's standing in for

573
00:27:50,600 --> 00:27:54,040
Speaker 7: the Prime Minister at question time in Parliament today indicated

574
00:27:54,400 --> 00:27:58,280
Speaker 7: that the implacable opposition to allowing the Treaty Principal's Bill

575
00:27:58,359 --> 00:28:02,359
Speaker 7: to proceed past it's reading may not be as hard

576
00:28:02,400 --> 00:28:05,200
Speaker 7: and fast as has been stayed to ever.

577
00:28:05,119 --> 00:28:09,520
Speaker 18: Listen, I think one is entitled to believe that, despite

578
00:28:09,680 --> 00:28:13,119
Speaker 18: all of the previous statements, that if there was prevailing

579
00:28:13,560 --> 00:28:16,760
Speaker 18: compelling evidence to change one's mind, As a fantaus economist

580
00:28:16,800 --> 00:28:19,120
Speaker 18: once said, when the facts change, I changed my mind.

581
00:28:19,119 --> 00:28:19,600
Speaker 18: What do you do?

582
00:28:20,240 --> 00:28:23,040
Speaker 1: So? Is the Prime Minister indicating, as he seems to

583
00:28:23,040 --> 00:28:25,320
Speaker 1: have in his last answer that he's open to changing

584
00:28:25,359 --> 00:28:27,840
Speaker 1: his mind on the second reading of the Treaty Principles Bill.

585
00:28:28,119 --> 00:28:30,280
Speaker 18: What I was and unsating was what the Prime Minister

586
00:28:30,400 --> 00:28:33,600
Speaker 18: said in the Coalition degreement, as did we. But I

587
00:28:33,680 --> 00:28:36,800
Speaker 18: did offer the opinion that sometimes, and I don't think

588
00:28:36,840 --> 00:28:39,800
Speaker 18: will happen this case. Of course, obviously, sometimes you do

589
00:28:39,920 --> 00:28:42,240
Speaker 18: have a fan hope that others might have it right.

590
00:28:42,840 --> 00:28:46,360
Speaker 7: So there you go. I mean, not as hard and fast.

591
00:28:46,440 --> 00:28:50,080
Speaker 7: You remember it wasn't Winston Peters that spoke at the

592
00:28:50,320 --> 00:28:55,920
Speaker 7: King's Coronation commemoration the other day, Shane. It was Shane Jones.

593
00:28:56,160 --> 00:28:58,400
Speaker 3: And I can't imagine that Shane would have done it

594
00:28:58,400 --> 00:28:59,880
Speaker 3: without Winston's belief is.

595
00:29:00,240 --> 00:29:04,200
Speaker 7: Right beside Winston Peters. But you know, who knows what

596
00:29:04,240 --> 00:29:06,920
Speaker 7: this bill is going to look like when it finally

597
00:29:06,960 --> 00:29:11,680
Speaker 7: emerges in November. They have painted themselves into a corner.

598
00:29:12,160 --> 00:29:15,760
Speaker 7: And you know one thing that David Seymour is is

599
00:29:15,800 --> 00:29:19,440
Speaker 7: he shrewd and he'll know how to write something that

600
00:29:19,560 --> 00:29:23,920
Speaker 7: could maybe appease not just the general public but the

601
00:29:23,960 --> 00:29:26,320
Speaker 7: political opportunists in both parties.

602
00:29:26,360 --> 00:29:28,040
Speaker 3: What's Nicole McKee said in her defense?

603
00:29:28,200 --> 00:29:31,080
Speaker 7: Oh well, I think you know what she has said

604
00:29:31,200 --> 00:29:36,800
Speaker 7: is purely I mean, many have seen a poacher turned gamekeeper,

605
00:29:37,160 --> 00:29:41,040
Speaker 7: given that she was a lobbyist gun lobbyist. But the

606
00:29:41,080 --> 00:29:44,760
Speaker 7: point that she made was that more people were convicted

607
00:29:44,760 --> 00:29:48,840
Speaker 7: of firearm related offenses in twenty twenty three last year

608
00:29:48,880 --> 00:29:53,960
Speaker 7: than in twenty nineteen, was up eighteen percent. And you

609
00:29:54,000 --> 00:29:57,520
Speaker 7: know this government came in, it gave you'll remember that

610
00:29:57,680 --> 00:30:03,240
Speaker 7: changed the Arms Act. They gave submitters three days to

611
00:30:03,320 --> 00:30:08,200
Speaker 7: make submissions and then change the Arms Act outlawing certain armaments.

612
00:30:08,240 --> 00:30:12,440
Speaker 7: The point that Nicole McKee makes is that don't go

613
00:30:12,520 --> 00:30:17,640
Speaker 7: after the legitimate firearms owners, go after the gangs and

614
00:30:17,840 --> 00:30:20,920
Speaker 7: those who cause trouble in the community. And we've got

615
00:30:20,920 --> 00:30:24,040
Speaker 7: one mad Australian come into the country, caused havoc and

616
00:30:24,080 --> 00:30:25,680
Speaker 7: the whole country has to change.

617
00:30:25,760 --> 00:30:28,080
Speaker 3: Barry, thank you appreciate it. It's very sober senior political

618
00:30:28,120 --> 00:30:30,280
Speaker 3: correspondence coming up seven away from five.

619
00:30:31,240 --> 00:30:35,040
Speaker 1: Digging into the issues that affect you. The Mic Hosking breakfast.

620
00:30:35,120 --> 00:30:39,000
Speaker 19: If you capitalized Qubank to whatever extent, by whatever means,

621
00:30:39,120 --> 00:30:41,920
Speaker 19: would it make a material difference If.

622
00:30:41,760 --> 00:30:42,960
Speaker 20: We welcome any competition.

623
00:30:43,040 --> 00:30:43,840
Speaker 21: We're back in like you do.

624
00:30:44,200 --> 00:30:46,479
Speaker 19: A lot of what people think is going on in

625
00:30:46,480 --> 00:30:49,239
Speaker 19: any given market, isn't A lot of the fixes that

626
00:30:49,240 --> 00:30:51,840
Speaker 19: are talked about aren't realistic, and the question is does

627
00:30:51,880 --> 00:30:55,520
Speaker 19: it materially move the market back? Tomorrow at six am,

628
00:30:55,640 --> 00:30:57,720
Speaker 19: the Mic Hosking Breakfast with the rain driver of the

629
00:30:57,800 --> 00:30:58,960
Speaker 19: Lahm News Talk ZB.

630
00:30:59,320 --> 00:31:01,280
Speaker 3: Oh, well, thank god, I can explain why Shauna is

631
00:31:01,320 --> 00:31:04,000
Speaker 3: having dinner this early in the day. He's a shift worker,

632
00:31:04,240 --> 00:31:08,000
Speaker 3: he drives a bus, doesn't have the worms. Think back

633
00:31:08,040 --> 00:31:11,400
Speaker 3: three years. Do you remember three years ago Andrew Costa

634
00:31:11,480 --> 00:31:13,760
Speaker 3: announced a review into racism in the police. Do you

635
00:31:13,800 --> 00:31:16,560
Speaker 3: remember that it was sort of like March twenty twenty one. Well,

636
00:31:16,560 --> 00:31:18,160
Speaker 3: they've been working at it. It takes a while to

637
00:31:18,160 --> 00:31:19,440
Speaker 3: set this kind of thing. I've been working at it

638
00:31:19,440 --> 00:31:20,880
Speaker 3: for the last couple of years and the results are

639
00:31:20,880 --> 00:31:24,520
Speaker 3: out today. The cops are racist. According to this panel,

640
00:31:25,160 --> 00:31:29,720
Speaker 3: bias and structural racism is part of the reason why

641
00:31:29,800 --> 00:31:34,000
Speaker 3: Maori men are more likely to be stopped, prosecuted, and tasered.

642
00:31:34,080 --> 00:31:35,720
Speaker 3: We're going to have a chat to Steve Cullen, the

643
00:31:35,720 --> 00:31:37,960
Speaker 3: criminal lawyer. He'll be with us ten past five and

644
00:31:37,960 --> 00:31:41,560
Speaker 3: give us his thoughts on that. Also, there's an interesting

645
00:31:41,600 --> 00:31:44,520
Speaker 3: little study that's compared New Zealand and Ossie drivers and

646
00:31:44,560 --> 00:31:47,840
Speaker 3: particularly the young ones, the young kids in Australia and

647
00:31:47,840 --> 00:31:50,480
Speaker 3: New Zealand. Turns out the kids in New Zealand, for

648
00:31:50,560 --> 00:31:54,080
Speaker 3: some reason, are killing themselves on the roads behind the

649
00:31:54,120 --> 00:31:56,400
Speaker 3: wheels at a rate much higher than what the ossies

650
00:31:56,400 --> 00:31:58,400
Speaker 3: are doing, and there may be reason for us to

651
00:31:58,440 --> 00:32:00,600
Speaker 3: change the way we're doing our driver's license. So we're

652
00:32:00,600 --> 00:32:02,400
Speaker 3: going to have a chat to the University of Adelaide

653
00:32:02,600 --> 00:32:04,680
Speaker 3: the guys who actually had a look into the Selbea

654
00:32:04,680 --> 00:32:08,000
Speaker 3: with us in twenty minutes time. Quick, quick little thing.

655
00:32:08,040 --> 00:32:09,520
Speaker 3: Given that the moon, I don't know if you've been

656
00:32:09,520 --> 00:32:11,160
Speaker 3: aware of this, but we've got a massive moon in

657
00:32:11,200 --> 00:32:13,600
Speaker 3: the sky at the moment, and given that everybody's interested

658
00:32:13,640 --> 00:32:15,720
Speaker 3: in it, did you know the moon actually isn't gray.

659
00:32:15,960 --> 00:32:17,280
Speaker 3: So when you look up there, you're like, oh, look

660
00:32:17,280 --> 00:32:20,560
Speaker 3: at that gray moon or I don't know, yellow, orange,

661
00:32:20,640 --> 00:32:22,880
Speaker 3: whatever color it is of the night. It's not gray

662
00:32:22,920 --> 00:32:24,360
Speaker 3: at all, which is what we all think it is.

663
00:32:24,400 --> 00:32:28,920
Speaker 3: It's actually then it's actually shades of gray and blue

664
00:32:29,520 --> 00:32:33,040
Speaker 3: and red. And we know this because the Juice mission

665
00:32:33,040 --> 00:32:35,520
Speaker 3: got sent to Jupiter and as it was flying by

666
00:32:35,520 --> 00:32:37,680
Speaker 3: it a whole bunch of photographs, and those photos have

667
00:32:37,720 --> 00:32:40,920
Speaker 3: come back. The poles of the moon are more red

668
00:32:40,960 --> 00:32:44,240
Speaker 3: in color, and the equatorial region is more blue. It's actually,

669
00:32:44,280 --> 00:32:46,320
Speaker 3: if you want to be specific about it, apparently teal

670
00:32:46,960 --> 00:32:49,400
Speaker 3: and they reckon part of it is actually real. So

671
00:32:49,480 --> 00:32:53,200
Speaker 3: the blue is from lunar basalts and the red is

672
00:32:53,200 --> 00:32:55,920
Speaker 3: from lava flows. But part of it also is just

673
00:32:56,000 --> 00:32:58,240
Speaker 3: the sunlight and the way that it kind of the

674
00:32:58,320 --> 00:33:00,959
Speaker 3: light catches it will make it look even more different

675
00:33:01,040 --> 00:33:03,000
Speaker 3: to what it really is. But there you go. There's

676
00:33:03,000 --> 00:33:04,800
Speaker 3: a lot more going on in the moon than we realized.

677
00:33:05,320 --> 00:33:09,040
Speaker 3: Checking on the Polkinghn trial. Next News Talks b me too.

678
00:33:12,120 --> 00:33:23,600
Speaker 22: This time WestEd You there are alone the only drive

679
00:33:23,680 --> 00:33:26,880
Speaker 22: show you can trust to ask the questions, get the answers,

680
00:33:26,920 --> 00:33:29,560
Speaker 22: by the facts and give the analysis.

681
00:33:29,800 --> 00:33:33,600
Speaker 1: Heather Doule Celan Drive with One New Zealand let's get

682
00:33:33,680 --> 00:33:35,080
Speaker 1: connected and news talk as.

683
00:33:35,000 --> 00:33:35,400
Speaker 4: That'd be.

684
00:33:38,200 --> 00:33:41,160
Speaker 3: Afternoon. The trial of Philip Polkinghorn has hurt today how

685
00:33:41,240 --> 00:33:44,080
Speaker 3: much money he spent on sex workers. He's accused of

686
00:33:44,160 --> 00:33:46,560
Speaker 3: murdering his wife, Pauline Hannah and there Emiwad at home

687
00:33:46,920 --> 00:33:49,320
Speaker 3: in April twenty twenty one. Now Chelsea Daniels has been

688
00:33:49,360 --> 00:33:51,360
Speaker 3: covering the trial for us. She's with us now, Hey, Chelsea,

689
00:33:51,480 --> 00:33:53,040
Speaker 3: I am where are we up to? What evidence was

690
00:33:53,120 --> 00:33:53,560
Speaker 3: hurt today?

691
00:33:53,960 --> 00:33:59,280
Speaker 10: So three words to sum up today's evidence. That's money, money, money.

692
00:33:59,360 --> 00:34:02,440
Speaker 10: Margaret's ski Jilton. She's a forensic accountant. She took us

693
00:34:02,520 --> 00:34:06,800
Speaker 10: through a laborious but enlightening journey through the couple's various

694
00:34:06,880 --> 00:34:09,440
Speaker 10: bank accounts. It was a lot, a lot of numbers,

695
00:34:09,480 --> 00:34:13,080
Speaker 10: different transactions, payees, transfers, credit and debit cards.

696
00:34:13,080 --> 00:34:14,240
Speaker 3: But we will.

697
00:34:14,040 --> 00:34:16,320
Speaker 10: Whittle all of it down to just a few facts.

698
00:34:16,440 --> 00:34:20,400
Speaker 10: Polkinghorn was largely in control with the couple's finances, and

699
00:34:20,440 --> 00:34:23,720
Speaker 10: he spent hundreds of thousands of dollars on ladies.

700
00:34:24,280 --> 00:34:25,719
Speaker 3: How much exactly how many women?

701
00:34:26,239 --> 00:34:30,040
Speaker 10: Well, we've already heard about Madison Ashton, the Sydney sex worker.

702
00:34:30,120 --> 00:34:33,360
Speaker 10: The Crown alleges he was beginning to start a life with.

703
00:34:33,880 --> 00:34:37,319
Speaker 10: To her alone, he transferred just over one hundred and

704
00:34:37,360 --> 00:34:42,240
Speaker 10: six thousand dollars between February twenty nineteen and January twenty

705
00:34:42,280 --> 00:34:45,239
Speaker 10: twenty one. The list went on about thirty five k

706
00:34:45,320 --> 00:34:48,040
Speaker 10: to a woman named Lee, seventy two k to a

707
00:34:48,080 --> 00:34:51,759
Speaker 10: woman named Jody, sixty one k to Alaria thirteen k

708
00:34:51,880 --> 00:34:55,319
Speaker 10: to Kimberley, over seven K to Indra. All up, the

709
00:34:55,400 --> 00:34:58,600
Speaker 10: total amount he spent on women between twenty sixteen and

710
00:34:58,640 --> 00:35:01,960
Speaker 10: the beginning of twenty twenty one was two hundred and

711
00:35:02,080 --> 00:35:05,920
Speaker 10: ninety six thousand, six hundred and forty five dollars.

712
00:35:06,080 --> 00:35:08,840
Speaker 3: And that's just the money that was actually transferred to

713
00:35:08,880 --> 00:35:10,080
Speaker 3: these women, right, Yeah.

714
00:35:10,120 --> 00:35:12,760
Speaker 10: So in amongst all of these transactions, there was about

715
00:35:12,760 --> 00:35:17,520
Speaker 10: one hundred and twenty cash withdrawals from Australian ATMs, totaling

716
00:35:17,560 --> 00:35:20,200
Speaker 10: around one hundred and fifteen thousand dollars.

717
00:35:20,760 --> 00:35:24,759
Speaker 23: So most as a result of my investigation, appeared to

718
00:35:24,760 --> 00:35:28,319
Speaker 23: be made when Miss Polkinghorn was not in Australia. I

719
00:35:28,600 --> 00:35:31,920
Speaker 23: was aware at that point that Possession lived in Australia

720
00:35:31,960 --> 00:35:36,240
Speaker 23: at the time, and in to early twenty nineteen, from

721
00:35:36,280 --> 00:35:43,000
Speaker 23: this Anzet account, Miss Polkinghorn started making international transfers to

722
00:35:44,680 --> 00:35:50,400
Speaker 23: medicination and those cash withdrawals ceased and those payments that

723
00:35:50,800 --> 00:35:55,120
Speaker 23: the payments that were made were referenced in the one

724
00:35:55,200 --> 00:35:58,319
Speaker 23: hundred and six thousand that I mentioned earlier.

725
00:35:58,560 --> 00:36:02,680
Speaker 10: So through immigration records we can tell Polkinghorn wasn't always

726
00:36:02,800 --> 00:36:06,040
Speaker 10: in Ossy when these withdrawals were made. There was also

727
00:36:06,080 --> 00:36:08,840
Speaker 10: a list of cash with drawals made in New Zealand

728
00:36:08,920 --> 00:36:13,480
Speaker 10: about two hundred odd thousand dollars from twenty nineteen to

729
00:36:13,560 --> 00:36:16,400
Speaker 10: March twenty twenty one, there was just over one hundred

730
00:36:16,440 --> 00:36:21,240
Speaker 10: and ninety eight thousand dollars transferred to Polkinghorn's Australian account.

731
00:36:21,560 --> 00:36:23,719
Speaker 10: And Skelton doesn't know where that money went once it

732
00:36:23,800 --> 00:36:26,400
Speaker 10: hit Australia because banks there don't need to comply with

733
00:36:26,480 --> 00:36:27,920
Speaker 10: court orders like the ones here.

734
00:36:28,000 --> 00:36:30,040
Speaker 3: And then there was also, wasn't there Chelsea the sale

735
00:36:30,080 --> 00:36:32,160
Speaker 3: of a rental property and Pappa toy toy that was

736
00:36:32,200 --> 00:36:33,360
Speaker 3: mentioned earlier in the trial.

737
00:36:33,560 --> 00:36:36,880
Speaker 10: Yeah, so that's a paper trial that Skelton followed. The

738
00:36:36,960 --> 00:36:40,800
Speaker 10: house sold for just over a million dollars. Interestingly, Lee,

739
00:36:41,440 --> 00:36:44,960
Speaker 10: that money was deposited into an account run by Polkinghorn,

740
00:36:45,320 --> 00:36:47,880
Speaker 10: a five hundred k going to an investment fund in

741
00:36:47,920 --> 00:36:51,200
Speaker 10: Polkinghorn's name for example, tens of thousands dollars of dollars

742
00:36:51,280 --> 00:36:53,880
Speaker 10: to his Ossie account, one hundred and fifty two thousand

743
00:36:53,880 --> 00:36:56,600
Speaker 10: dollars of that went to his son, and twenty six

744
00:36:56,640 --> 00:37:00,120
Speaker 10: thousand dollars was spent on a Sangyong uto.

745
00:37:01,600 --> 00:37:04,440
Speaker 23: I think it was almost a year certainly by March

746
00:37:04,640 --> 00:37:07,680
Speaker 23: twenty twenty one, the account balance was back at five

747
00:37:07,719 --> 00:37:10,759
Speaker 23: thousand dollars, so it took a period of time for

748
00:37:10,800 --> 00:37:15,000
Speaker 23: the balance of the funds to be dispersed on a

749
00:37:15,120 --> 00:37:17,520
Speaker 23: variety of different smaller spending items.

750
00:37:17,520 --> 00:37:20,440
Speaker 18: But as you've said before, a doctor Polkinghorn is the

751
00:37:20,480 --> 00:37:22,400
Speaker 18: soul authority on this particular account.

752
00:37:22,520 --> 00:37:24,040
Speaker 22: Quick all right.

753
00:37:25,000 --> 00:37:29,440
Speaker 10: Skilton went on to establish the couple's worth, their network worth.

754
00:37:29,520 --> 00:37:33,600
Speaker 10: Looking at their two properties, the Remuerra one and Rings Beach,

755
00:37:34,080 --> 00:37:37,040
Speaker 10: investment accounts, personal accounts and trust accounts. They were worth

756
00:37:37,080 --> 00:37:40,719
Speaker 10: nearly ten point five million dollars. A defense lawyer, Ron

757
00:37:40,760 --> 00:37:44,280
Speaker 10: Mansfield pointed out that when a couple chooses to separate assets,

758
00:37:44,360 --> 00:37:46,960
Speaker 10: no matter whose name they're in, it would be divided

759
00:37:47,000 --> 00:37:47,720
Speaker 10: fifty to fifty.

760
00:37:47,840 --> 00:37:50,120
Speaker 3: Chelsea, thank you very much, really appreciate its Chelsea Daniel's

761
00:37:50,120 --> 00:37:51,960
Speaker 3: court reporter, and you can listen to more of Chelsea's

762
00:37:51,960 --> 00:37:55,840
Speaker 3: coverage on the podcast Accused the Polkinghorn Trial that's on

763
00:37:55,920 --> 00:37:58,640
Speaker 3: iHeartRadio or of course wherever you get your podcasts.

764
00:37:59,000 --> 00:38:00,520
Speaker 4: Forget Ellen.

765
00:38:01,239 --> 00:38:03,760
Speaker 3: A two year inquiry into our policing system has found

766
00:38:03,760 --> 00:38:07,000
Speaker 3: bias and structural racism, but found MILDI men are more

767
00:38:07,120 --> 00:38:11,160
Speaker 3: likely to be stopped, tasered and prosecuted than Parkier. Criminal

768
00:38:11,200 --> 00:38:15,120
Speaker 3: lawyer Steve Cullen is with us now, Steve, hi he Heather,

769
00:38:15,239 --> 00:38:16,440
Speaker 3: have you seen any evidence of this?

770
00:38:17,560 --> 00:38:21,040
Speaker 21: Oh? No, it's to me, friend, it's a rather bizarre

771
00:38:21,080 --> 00:38:24,960
Speaker 21: allegation to allad systemic bias throughout the entire New Zealand

772
00:38:24,960 --> 00:38:28,960
Speaker 21: police community. Is it an enormously serious assertion? You'd want

773
00:38:29,000 --> 00:38:31,920
Speaker 21: it to be substantiated by clear and unambiguous evidence, wouldn't it?

774
00:38:32,040 --> 00:38:32,920
Speaker 3: Is there no evidence?

775
00:38:34,040 --> 00:38:35,160
Speaker 2: Well, there might.

776
00:38:35,000 --> 00:38:37,320
Speaker 21: Be individual cases that might seem to head as a

777
00:38:37,400 --> 00:38:40,000
Speaker 21: bias in relation to maybe one of the parties involved

778
00:38:40,000 --> 00:38:42,600
Speaker 21: in the case, but that doesn't support an allegation of

779
00:38:42,640 --> 00:38:47,560
Speaker 21: fundamental corruption within the police nationwide, systemically against an entire

780
00:38:47,640 --> 00:38:50,319
Speaker 21: race and culture. And in fact, that struck me the

781
00:38:50,320 --> 00:38:52,319
Speaker 21: fact that the Commissioner of Police has called for this

782
00:38:52,400 --> 00:38:55,640
Speaker 21: report does making that public speaks for itself against that

783
00:38:55,760 --> 00:38:56,760
Speaker 21: very type of suggestion.

784
00:38:57,400 --> 00:39:00,640
Speaker 3: Steve, I don't even know how you reach not you

785
00:39:01,040 --> 00:39:03,880
Speaker 3: they reached some of these conclusions. They say that unconscious

786
00:39:03,880 --> 00:39:08,240
Speaker 3: bias increases the chance of maor being prosecuted by eleven percent.

787
00:39:08,360 --> 00:39:10,720
Speaker 3: How do you even quantify eleven percent?

788
00:39:11,880 --> 00:39:12,040
Speaker 2: Yes?

789
00:39:12,120 --> 00:39:14,719
Speaker 21: Do you need to see the statistics, which, as we know,

790
00:39:14,760 --> 00:39:18,200
Speaker 21: these lies damn licensed statistics. What basis did they use

791
00:39:18,280 --> 00:39:20,520
Speaker 21: to make this type of allegation. I spoke with a

792
00:39:20,520 --> 00:39:23,160
Speaker 21: couple of colleagues within the police force and when they

793
00:39:23,239 --> 00:39:26,080
Speaker 21: stopped laughing, they said, people don't seem to realize the

794
00:39:26,080 --> 00:39:27,280
Speaker 21: police actively.

795
00:39:26,880 --> 00:39:27,919
Speaker 24: Sought to recruit.

796
00:39:27,600 --> 00:39:31,520
Speaker 21: People of married heritage into the force. That was extremely successful.

797
00:39:31,800 --> 00:39:34,200
Speaker 21: People should be made aware what proportion of the force

798
00:39:34,440 --> 00:39:38,120
Speaker 21: is actually of heritage. What proportion of the ranks of Mari.

799
00:39:38,239 --> 00:39:40,399
Speaker 21: There are a lot of sergeants and the senior ranks

800
00:39:40,400 --> 00:39:43,640
Speaker 21: to Maria the Assistant Commissioner Auckland's Mari, We're an assistant

801
00:39:43,640 --> 00:39:46,080
Speaker 21: commissioner's nation. Why do you marry the chief district court

802
00:39:46,200 --> 00:39:47,480
Speaker 21: judges of Mara culture.

803
00:39:48,280 --> 00:39:49,120
Speaker 2: It's absurd.

804
00:39:49,400 --> 00:39:53,040
Speaker 21: They've never been so ethnically diverse. Another policeman's comment was

805
00:39:53,680 --> 00:40:00,000
Speaker 21: they targeted initially married in Asian, Indian, Polynesian, Fijians, Fijian Indians,

806
00:40:00,000 --> 00:40:02,680
Speaker 21: and now the focus is on the rainbow community. And

807
00:40:03,120 --> 00:40:07,640
Speaker 21: that officer's comment was they now acknowledged participate in the

808
00:40:07,760 --> 00:40:12,640
Speaker 21: range of cultural celebrations from Dwali to individual language celebrations.

809
00:40:12,840 --> 00:40:16,640
Speaker 21: Who's teaching the people of Fijian background, or Indian background,

810
00:40:16,760 --> 00:40:20,120
Speaker 21: or Philippine or Malaysian or Polynesian background, or the Maori

811
00:40:20,160 --> 00:40:24,120
Speaker 21: members of the force to be systemically biased against Maori.

812
00:40:24,320 --> 00:40:26,440
Speaker 21: It's ridiculous when you have regard to the number of

813
00:40:26,440 --> 00:40:28,960
Speaker 21: senior officers within the force who are murray and we

814
00:40:29,080 --> 00:40:32,719
Speaker 21: all are aware of and familiar with that type of

815
00:40:32,800 --> 00:40:34,360
Speaker 21: personnel within the police force.

816
00:40:34,920 --> 00:40:36,439
Speaker 3: Steve, it's good to talk to you, Thank you mate.

817
00:40:36,480 --> 00:40:38,000
Speaker 3: That's Steve Cullen, the criminal.

818
00:40:37,760 --> 00:40:40,000
Speaker 4: Lawyer together duel the.

819
00:40:39,960 --> 00:40:41,840
Speaker 3: Driver's licensing, going to take it. Just what's going on

820
00:40:41,840 --> 00:40:44,040
Speaker 3: between the Aussie drivers and the Kei drivers, particularly the

821
00:40:44,040 --> 00:40:47,120
Speaker 3: young guys. There is a new theory on why that

822
00:40:47,280 --> 00:40:50,440
Speaker 3: yacht sank so fast off the coast of Sicily when

823
00:40:50,480 --> 00:40:53,279
Speaker 3: it was hit with the old waterspout. The guys who

824
00:40:53,280 --> 00:40:55,239
Speaker 3: are investigating this over there at the moment are looking

825
00:40:55,239 --> 00:40:58,080
Speaker 3: now into whether the yacht's crew had left access hatches

826
00:40:58,120 --> 00:41:01,160
Speaker 3: open before the tornado struck. Now, the importance of this

827
00:41:01,239 --> 00:41:03,359
Speaker 3: is if you leave the access hatch open, you got

828
00:41:03,440 --> 00:41:05,799
Speaker 3: enough of them open, the yacht would fill up really

829
00:41:05,880 --> 00:41:07,879
Speaker 3: quickly with water because obviously the water can just run

830
00:41:07,920 --> 00:41:09,759
Speaker 3: in and then it would sink really fast. So they're

831
00:41:09,760 --> 00:41:12,760
Speaker 3: going to look into that. Also, it has been suggested

832
00:41:12,760 --> 00:41:15,000
Speaker 3: by some that the people who are still missing could

833
00:41:15,080 --> 00:41:18,040
Speaker 3: actually still be alive, just trapped in pockets of air

834
00:41:18,080 --> 00:41:21,000
Speaker 3: within the yacht. But you'd have to say hopes are

835
00:41:21,000 --> 00:41:25,399
Speaker 3: fading fast because we are well well into the second day,

836
00:41:25,440 --> 00:41:28,680
Speaker 3: like coming to the end, if not already at the end,

837
00:41:28,760 --> 00:41:30,479
Speaker 3: will be well past the end of the second day.

838
00:41:30,640 --> 00:41:33,160
Speaker 3: That's a long time to be in there. Quarter past. Hey,

839
00:41:33,200 --> 00:41:35,400
Speaker 3: if you're thinking about renovating your kitchen, you need to

840
00:41:35,400 --> 00:41:37,600
Speaker 3: listen to this because I've got an interesting development for you,

841
00:41:38,080 --> 00:41:40,160
Speaker 3: a new type of kitchen bench top which has come

842
00:41:40,160 --> 00:41:43,560
Speaker 3: into the market this year. It's called Imperio. It's made

843
00:41:43,560 --> 00:41:46,600
Speaker 3: of a new layered compound and so it offers the

844
00:41:46,600 --> 00:41:49,280
Speaker 3: texture and the durability of stone, but without the presence

845
00:41:49,280 --> 00:41:52,880
Speaker 3: of toxic chemicals like silica. It's incredibly tough, it's singeproof,

846
00:41:52,960 --> 00:41:56,000
Speaker 3: it's scratch proof, it's crackproof, it's moisture proof, and it's

847
00:41:56,000 --> 00:41:58,839
Speaker 3: heat resistant up to two hundred and twenty degrees. Now.

848
00:41:58,920 --> 00:42:02,640
Speaker 3: Imperio is offered exclusively in New Zealand by the O'Brien Group,

849
00:42:02,640 --> 00:42:04,960
Speaker 3: which is a family owned business who've been fitting out

850
00:42:05,040 --> 00:42:09,680
Speaker 3: Kiwi Kitchen since nineteen seventy two, and they reckon. Imperio

851
00:42:09,840 --> 00:42:12,839
Speaker 3: is a surface for life, an ultra durable bench stop

852
00:42:12,880 --> 00:42:15,320
Speaker 3: designed to stand up to a lifetime of use. Imperio

853
00:42:15,360 --> 00:42:17,040
Speaker 3: looks the part as well a It's available in a

854
00:42:17,160 --> 00:42:20,640
Speaker 3: range of designs. It provides a natural quality finish, making

855
00:42:20,680 --> 00:42:23,799
Speaker 3: for a stylish centerpiece to any home, and best of all,

856
00:42:23,960 --> 00:42:26,400
Speaker 3: it's a highly affordable option to fit your budget. So

857
00:42:26,440 --> 00:42:29,360
Speaker 3: go and see it for yourself at imperio dot Nz.

858
00:42:29,920 --> 00:42:34,360
Speaker 3: Heather do for c Allen nineteen past five. Heather cuddles

859
00:42:34,360 --> 00:42:37,759
Speaker 3: cost of fire as a departing shot. Gees doesn't aa listen.

860
00:42:37,800 --> 00:42:40,719
Speaker 3: There are calls for tougher driver licensing requirements for our

861
00:42:40,760 --> 00:42:43,160
Speaker 3: young drivers because it turns out that our young ones

862
00:42:43,200 --> 00:42:44,959
Speaker 3: on the road, these are the ones under twenty four,

863
00:42:45,360 --> 00:42:47,880
Speaker 3: are three times more likely to die than those of

864
00:42:47,920 --> 00:42:50,960
Speaker 3: the same age driving in Australia. A study by the

865
00:42:51,040 --> 00:42:54,200
Speaker 3: University of Adelaide compared our licensing system with Australia's and

866
00:42:54,560 --> 00:43:00,800
Speaker 3: Lisa Wunderst's led that study is with us. Now, hey Lisa,

867
00:43:00,080 --> 00:43:03,600
Speaker 3: for why is this happening? Our our driver's bad?

868
00:43:06,640 --> 00:43:07,000
Speaker 2: Well?

869
00:43:07,440 --> 00:43:09,600
Speaker 20: I think that this gets down to sort of the

870
00:43:09,640 --> 00:43:12,120
Speaker 20: young driver thing, Like the young drivers tend to have

871
00:43:12,160 --> 00:43:15,719
Speaker 20: more crashes than any other age group, and I guess

872
00:43:15,719 --> 00:43:18,640
Speaker 20: we have to consider that they're inexperienced as well, so

873
00:43:20,120 --> 00:43:22,520
Speaker 20: it's pretty important they get a good foundation. They're the

874
00:43:22,760 --> 00:43:23,879
Speaker 20: licensing So.

875
00:43:23,800 --> 00:43:25,600
Speaker 3: Do you think it's least about the fact that our

876
00:43:25,680 --> 00:43:28,239
Speaker 3: drivers are bad and it's more about the licensing.

877
00:43:29,400 --> 00:43:33,640
Speaker 20: Yes, I do. I guess comparing your licensing system to

878
00:43:33,680 --> 00:43:37,880
Speaker 20: Australia that we noticed that there was quite a few differences.

879
00:43:38,560 --> 00:43:41,759
Speaker 20: So I guess, for example, one thing that stood out

880
00:43:42,360 --> 00:43:45,120
Speaker 20: was that well, both of us can get our start

881
00:43:45,160 --> 00:43:47,680
Speaker 20: to get our learner's permit at sixteen. But I did

882
00:43:47,840 --> 00:43:50,800
Speaker 20: notice in New Zealand that you can progress through quite

883
00:43:50,880 --> 00:43:55,080
Speaker 20: quickly and get your full license by abound seventeen and

884
00:43:55,080 --> 00:43:58,600
Speaker 20: a half to eighteen years, and in comparison, in Australia

885
00:43:59,000 --> 00:44:01,640
Speaker 20: it's around about twenty years old before you can get

886
00:44:01,760 --> 00:44:05,160
Speaker 20: a full license and surisdictions.

887
00:44:04,560 --> 00:44:05,160
Speaker 4: How lony on?

888
00:44:05,440 --> 00:44:07,320
Speaker 3: Yeah, how long are you guys sitting on your learners?

889
00:44:07,320 --> 00:44:12,160
Speaker 20: For well learners is usually a year, but it's that

890
00:44:12,239 --> 00:44:15,240
Speaker 20: restricted license it can be for two or three years

891
00:44:15,440 --> 00:44:15,960
Speaker 20: as well.

892
00:44:16,160 --> 00:44:18,080
Speaker 3: Is it okay? So you're not doing it for the

893
00:44:18,160 --> 00:44:20,719
Speaker 3: length of time those spending on it obviously, is it

894
00:44:20,760 --> 00:44:22,920
Speaker 3: mandatory supervision, like a number of hours they have to

895
00:44:22,960 --> 00:44:25,879
Speaker 3: complete under supervision? Is that how long? How they get it?

896
00:44:27,280 --> 00:44:31,960
Speaker 20: Yeah, we sort of learners for a minimum of twelve months,

897
00:44:32,120 --> 00:44:33,880
Speaker 20: and the whole idea is that you can then get

898
00:44:33,920 --> 00:44:37,919
Speaker 20: as much experience as possible in different conditions. So yeah,

899
00:44:37,920 --> 00:44:43,200
Speaker 20: so that's where we have also requirements for mandatory supervised hours.

900
00:44:43,600 --> 00:44:46,120
Speaker 20: So this does vary from states to state. In Australia,

901
00:44:46,320 --> 00:44:48,160
Speaker 20: some states it might be eighty hours and it could

902
00:44:48,160 --> 00:44:49,920
Speaker 20: be up to one hundred and twenty hours that you

903
00:44:49,960 --> 00:44:51,799
Speaker 20: need to log in a log book that you've been

904
00:44:51,840 --> 00:44:52,719
Speaker 20: out driving.

905
00:44:52,440 --> 00:44:54,680
Speaker 11: With a supervised driver like a parent.

906
00:44:56,000 --> 00:44:58,560
Speaker 20: Yeah, can be a parent, a guardian, anyone with a

907
00:44:58,640 --> 00:45:01,160
Speaker 20: full license. Okay, that's a way to make sure you

908
00:45:01,200 --> 00:45:08,279
Speaker 20: get lots of experience in different situations time. I definitely do. Yeah,

909
00:45:08,400 --> 00:45:11,040
Speaker 20: And it's requirements to drive at nighttime as well, so

910
00:45:11,080 --> 00:45:14,680
Speaker 20: you know all those different times as well. So I

911
00:45:14,760 --> 00:45:16,800
Speaker 20: think that could really make a difference.

912
00:45:16,920 --> 00:45:19,440
Speaker 3: Yeah, it's probably right. Lisa, Hey, thank you very much,

913
00:45:19,560 --> 00:45:22,240
Speaker 3: really appreciate it. Lisa Wondersts, who's the lead author University

914
00:45:22,239 --> 00:45:24,560
Speaker 3: of Adelaide I mean, geez, one hundred and twenty hours ay,

915
00:45:24,680 --> 00:45:26,399
Speaker 3: because it's going to fall on you. With any other parent,

916
00:45:26,440 --> 00:45:28,359
Speaker 3: you're gonna have to sit there gripping this. My mum

917
00:45:28,440 --> 00:45:31,080
Speaker 3: used to grip the door and I could, like with

918
00:45:31,160 --> 00:45:34,200
Speaker 3: white knuckles. I was a great driver until I drove

919
00:45:34,239 --> 00:45:36,719
Speaker 3: into the bollard anyway. So there's a lot of that

920
00:45:36,719 --> 00:45:38,080
Speaker 3: that we're going to have to do. But then again,

921
00:45:38,200 --> 00:45:39,960
Speaker 3: isn't it worth it to save their little lives and

922
00:45:40,000 --> 00:45:42,920
Speaker 3: make sure that they're okay? Five twenty two the.

923
00:45:42,760 --> 00:45:44,600
Speaker 4: Then you trust to get the answers.

924
00:45:44,640 --> 00:45:47,360
Speaker 1: You need have a dup to see allan drive with

925
00:45:47,640 --> 00:45:50,440
Speaker 1: one New Zealand let's get connected and news talk.

926
00:45:50,320 --> 00:45:51,359
Speaker 4: As they'd be okay.

927
00:45:51,400 --> 00:45:53,160
Speaker 3: I think it's time that we deal with the Labor

928
00:45:53,160 --> 00:45:56,359
Speaker 3: Party's new favorite problem with Nicole McKee. It's twenty five

929
00:45:56,400 --> 00:45:59,200
Speaker 3: past five. Their new favorite problem is that they just

930
00:45:59,239 --> 00:46:02,839
Speaker 3: cannot believe that someone like Nicole McKee is rewriting our

931
00:46:02,880 --> 00:46:05,160
Speaker 3: gun laws given that she used to be a gun lobbyist.

932
00:46:06,760 --> 00:46:11,440
Speaker 3: So what I cannot get excited about this. But given

933
00:46:11,640 --> 00:46:14,319
Speaker 3: the absolute you know, I don't know, hypocrisy from the

934
00:46:14,360 --> 00:46:16,879
Speaker 3: Labour Party on this, you would swear they've never put

935
00:46:16,880 --> 00:46:19,920
Speaker 3: someone into a ministerial position who is a lobbyist, and

936
00:46:20,000 --> 00:46:24,239
Speaker 3: yet what are unions if not lobbyists for workers? And

937
00:46:24,320 --> 00:46:27,359
Speaker 3: what did Michael would do before politics? That's right, he

938
00:46:27,440 --> 00:46:29,680
Speaker 3: was the senior organizer for a union and then he

939
00:46:29,719 --> 00:46:33,279
Speaker 3: became the Minister for Workplace Relations and Safety. How could

940
00:46:33,320 --> 00:46:37,680
Speaker 3: we put a workplace lobbyist into a position where they

941
00:46:37,760 --> 00:46:40,920
Speaker 3: might be able to rewrite workplace laws. I don't know,

942
00:46:41,160 --> 00:46:43,480
Speaker 3: because it's normal. This is not the drama that they're

943
00:46:43,480 --> 00:46:45,560
Speaker 3: whipping it up to be. It happens all the time.

944
00:46:45,760 --> 00:46:49,160
Speaker 3: Our current Agriculture minister, the associate one Andrew Hogart, used

945
00:46:49,200 --> 00:46:52,720
Speaker 3: to be the president of Federated Farmers lobbyists for Farmers.

946
00:46:52,920 --> 00:46:56,520
Speaker 3: Our former climate minister James Shaw described himself as a

947
00:46:56,560 --> 00:46:59,600
Speaker 3: former climate activist, which is kind of the same thing

948
00:46:59,640 --> 00:47:02,600
Speaker 3: as being just a little bit more feral. I mean,

949
00:47:03,480 --> 00:47:05,279
Speaker 3: as I say, it happens all the time. So let's

950
00:47:05,280 --> 00:47:07,080
Speaker 3: get to the heart of it. What's the actual problem here?

951
00:47:07,160 --> 00:47:09,600
Speaker 3: Is the problem that we're putting people into ministerial positions

952
00:47:09,840 --> 00:47:12,840
Speaker 3: who already have an opinion that's fixed. In which case,

953
00:47:12,920 --> 00:47:14,920
Speaker 3: if that is the problem, that they have a fixed

954
00:47:14,960 --> 00:47:17,200
Speaker 3: opinion when they go in, we probably shouldn't have put

955
00:47:17,200 --> 00:47:20,239
Speaker 3: a former principal Calvin Davis into the Associate Minister of

956
00:47:20,360 --> 00:47:23,480
Speaker 3: Education position, or a former journalist Willie Jackson into the

957
00:47:23,520 --> 00:47:27,319
Speaker 3: Media minister's position, or a former journalist Chris Farfoy into

958
00:47:27,360 --> 00:47:30,000
Speaker 3: that job, or a former journalist Melissa Lee into that job,

959
00:47:30,239 --> 00:47:32,879
Speaker 3: or a former cop Mark Mitchell into the police minister's job,

960
00:47:32,960 --> 00:47:36,080
Speaker 3: or a former contact tracing expert Aishveril into the Associate

961
00:47:36,120 --> 00:47:39,160
Speaker 3: Minister of Health job during the pandemic. I mean, get

962
00:47:39,160 --> 00:47:42,200
Speaker 3: a grip over it. We are better off actually putting

963
00:47:42,200 --> 00:47:44,600
Speaker 3: people into these roles who know what they're talking about,

964
00:47:44,600 --> 00:47:47,960
Speaker 3: who understand the technical details so they don't make unintended mistakes.

965
00:47:48,760 --> 00:47:51,719
Speaker 3: Those people who know what they're talking about will have

966
00:47:51,880 --> 00:47:54,960
Speaker 3: fixed opinions. We know that when we elect them. Now,

967
00:47:55,080 --> 00:47:56,880
Speaker 3: we don't have a problem with this most of the time.

968
00:47:57,400 --> 00:47:59,440
Speaker 3: Suddenly we've got a problem with Nicole McKee because she

969
00:47:59,480 --> 00:48:01,359
Speaker 3: was a gun lob and I suspect the problem isn't

970
00:48:01,400 --> 00:48:04,440
Speaker 3: that she was a lobbyist. She was a lobbyist about

971
00:48:04,480 --> 00:48:08,120
Speaker 3: those evil guns forgather duple c l By the way,

972
00:48:08,160 --> 00:48:10,880
Speaker 3: on another subject, she is kind of possibly in a

973
00:48:11,000 --> 00:48:13,319
Speaker 3: different area of trouble We'll see how this goes. But

974
00:48:13,400 --> 00:48:16,120
Speaker 3: she apparently has a firearms safety business that she hasn't

975
00:48:16,120 --> 00:48:18,279
Speaker 3: declared as a conflict of interest, which could in fact

976
00:48:18,320 --> 00:48:21,239
Speaker 3: potentially benefit from the fact that she might be rewriting

977
00:48:21,280 --> 00:48:24,200
Speaker 3: the laws. But anyway, we'll see how that develops. If

978
00:48:24,200 --> 00:48:26,800
Speaker 3: you don't like what you're paying an insurance at the moment,

979
00:48:26,840 --> 00:48:29,359
Speaker 3: you are not going to love what IAG has just done.

980
00:48:29,360 --> 00:48:31,680
Speaker 3: These are the guys who own AMI State in ZI

981
00:48:31,719 --> 00:48:34,480
Speaker 3: and old bunch of other ones just increase their profit

982
00:48:34,560 --> 00:48:37,680
Speaker 3: by nearly one thousand percent in the last year. We're

983
00:48:37,680 --> 00:48:44,320
Speaker 3: going to talk to the chief executive straight after the news.

984
00:48:42,680 --> 00:48:45,200
Speaker 1: On your smart speaker, on the iHeart app and in

985
00:48:45,280 --> 00:48:46,040
Speaker 1: your car on.

986
00:48:45,960 --> 00:48:46,759
Speaker 4: Your drive home.

987
00:48:46,920 --> 00:48:50,440
Speaker 1: Heather duper se Alan drive with one New Zealand let's

988
00:48:50,480 --> 00:48:52,360
Speaker 1: get connected and news talk z B.

989
00:48:57,000 --> 00:48:58,959
Speaker 3: And the point I'm trying to make the fall, which

990
00:48:59,000 --> 00:49:01,400
Speaker 3: is that Nicole mckey's only in trouble because the lobbying

991
00:49:01,480 --> 00:49:04,240
Speaker 3: was over guns. Raja said. Here there the only difference

992
00:49:04,280 --> 00:49:06,359
Speaker 3: is she's involved with killing tools. None of the other

993
00:49:06,400 --> 00:49:08,880
Speaker 3: examples you gave her about killing machines. You make my

994
00:49:08,920 --> 00:49:11,440
Speaker 3: point for me. Thank you very much. Raja appreciated Huddle

995
00:49:11,520 --> 00:49:14,440
Speaker 3: standing by and sky TV CEO is going to be

996
00:49:14,440 --> 00:49:17,120
Speaker 3: with us after six on their results that they've reported

997
00:49:17,160 --> 00:49:19,080
Speaker 3: today right now it is coming up twenty four away

998
00:49:19,120 --> 00:49:19,399
Speaker 3: from six.

999
00:49:19,440 --> 00:49:19,520
Speaker 8: Now.

1000
00:49:19,600 --> 00:49:23,160
Speaker 3: New Zealand's biggest insurance company, IAG has reported a half

1001
00:49:23,160 --> 00:49:25,200
Speaker 3: a billion dollar profit for the year. That's up nearly

1002
00:49:25,239 --> 00:49:28,200
Speaker 3: one thousand percent on last year. This is the company

1003
00:49:28,200 --> 00:49:30,839
Speaker 3: that owns State AMI ins and IYE various others as well.

1004
00:49:30,840 --> 00:49:34,640
Speaker 3: Amanda Whiting is the chief executive. Hey, Amanda, hi.

1005
00:49:34,680 --> 00:49:35,359
Speaker 25: Here there are you going?

1006
00:49:35,560 --> 00:49:37,200
Speaker 3: Well? Thank you? That's a big one, isn't.

1007
00:49:37,000 --> 00:49:39,080
Speaker 25: It a year?

1008
00:49:39,719 --> 00:49:41,520
Speaker 3: Yeah? Half a billion?

1009
00:49:41,520 --> 00:49:41,919
Speaker 2: Big year.

1010
00:49:42,719 --> 00:49:43,879
Speaker 3: Why do you say it's a big year.

1011
00:49:44,640 --> 00:49:47,359
Speaker 25: It's been a big year because we've been working through

1012
00:49:47,360 --> 00:49:49,560
Speaker 25: the tail end of our claims from the big Evan

1013
00:49:49,640 --> 00:49:52,200
Speaker 25: in twenty three. It's also been a big year because

1014
00:49:52,239 --> 00:49:55,319
Speaker 25: we've been focusing in on supporting customers. So we know

1015
00:49:55,360 --> 00:49:58,239
Speaker 25: a sort of experienced in the cost of living challenges,

1016
00:49:58,560 --> 00:50:00,680
Speaker 25: so we've been doing a bit around that, making sure

1017
00:50:00,680 --> 00:50:03,960
Speaker 25: that we're bolstering our customer care team, making sure that

1018
00:50:03,960 --> 00:50:07,040
Speaker 25: we're supporting those customers who do need that support through

1019
00:50:07,080 --> 00:50:11,440
Speaker 25: things like deferring their payments or pausing their insurance reviewing

1020
00:50:11,480 --> 00:50:13,560
Speaker 25: their cover, making sure they're not paying things that they

1021
00:50:13,560 --> 00:50:16,560
Speaker 25: don't need, looking at ways that we can support them

1022
00:50:16,600 --> 00:50:19,239
Speaker 25: around payment methods and making sure we're not charging them

1023
00:50:19,239 --> 00:50:22,080
Speaker 25: to that, and then also obviously making sure we're at

1024
00:50:22,080 --> 00:50:26,040
Speaker 25: claims time. If it makes sense, then we're waiving excesses.

1025
00:50:26,480 --> 00:50:29,200
Speaker 25: You know, it's pretty important from a profit perspective that

1026
00:50:29,239 --> 00:50:32,879
Speaker 25: we run a sustainable business. We need to be here

1027
00:50:32,920 --> 00:50:35,360
Speaker 25: to pay claims. And if you compare this year to

1028
00:50:35,440 --> 00:50:38,279
Speaker 25: last year, sure there's a big difference, but actually if

1029
00:50:38,280 --> 00:50:40,600
Speaker 25: you'll go over the last five years, it's it's about

1030
00:50:40,640 --> 00:50:45,560
Speaker 25: the same. Well, it is about the same underlying so.

1031
00:50:45,520 --> 00:50:48,600
Speaker 3: Well, because but you're talking about underlying, let's just look

1032
00:50:48,600 --> 00:50:51,160
Speaker 3: at the net profit right this year is five hundred million.

1033
00:50:51,560 --> 00:50:53,239
Speaker 3: Year before, Sure, yeah it was a low one. It

1034
00:50:53,239 --> 00:50:55,879
Speaker 3: was less than fifty year before two four two, two

1035
00:50:55,960 --> 00:50:58,080
Speaker 3: hundred and forty two million, year before three hundred and

1036
00:50:58,080 --> 00:51:00,640
Speaker 3: thirty four million, year before three hundred and fifty seven million.

1037
00:51:00,920 --> 00:51:03,359
Speaker 3: Five hundred million is much bigger than anything else.

1038
00:51:03,400 --> 00:51:08,160
Speaker 25: There, much bigger base to heather. So one of the

1039
00:51:08,160 --> 00:51:10,719
Speaker 25: things that I'd like to highlight is we cover over

1040
00:51:10,800 --> 00:51:15,200
Speaker 25: a trillion dollars worth of assets currently, over those years,

1041
00:51:15,200 --> 00:51:18,160
Speaker 25: it would have been a lot different. And so you know,

1042
00:51:18,200 --> 00:51:20,080
Speaker 25: to cover a trillion dollars worth of assets, you need

1043
00:51:20,120 --> 00:51:22,640
Speaker 25: to make sure that you are making money because we

1044
00:51:22,680 --> 00:51:25,799
Speaker 25: absolutely needed to make money to pay claims. And we

1045
00:51:25,840 --> 00:51:28,160
Speaker 25: can't predict what's going to happen, So something could happen

1046
00:51:28,200 --> 00:51:31,200
Speaker 25: today and we need money in the account to pay

1047
00:51:31,239 --> 00:51:34,439
Speaker 25: claims for customers perceiving in or to worrow. And that's

1048
00:51:34,480 --> 00:51:37,560
Speaker 25: really important because it's such an important part of our economy.

1049
00:51:37,600 --> 00:51:39,600
Speaker 25: You know, we need to make sure that there are

1050
00:51:39,600 --> 00:51:42,680
Speaker 25: sustainable insurance companies out there that are able to pay

1051
00:51:42,680 --> 00:51:43,200
Speaker 25: claims sick.

1052
00:51:43,360 --> 00:51:46,440
Speaker 3: So this year the retail customers paid premium increases of

1053
00:51:46,520 --> 00:51:47,719
Speaker 3: nineteen percent? Is that right?

1054
00:51:48,719 --> 00:51:49,480
Speaker 2: Yeah? That is right?

1055
00:51:49,560 --> 00:51:49,719
Speaker 21: Yeap?

1056
00:51:50,120 --> 00:51:51,080
Speaker 3: Was it the year before?

1057
00:51:52,840 --> 00:51:54,560
Speaker 25: I think it was slightly less of what I've been

1058
00:51:54,680 --> 00:51:56,360
Speaker 25: in the high high single digit.

1059
00:51:56,480 --> 00:51:58,400
Speaker 3: I think it was twelve well at least that that

1060
00:51:58,440 --> 00:52:02,560
Speaker 3: there was the gross the gross profit, yeah, premium.

1061
00:52:02,600 --> 00:52:04,320
Speaker 20: Look at I think the if I talk about.

1062
00:52:04,160 --> 00:52:05,719
Speaker 3: Amanda and the year before, I just want to I

1063
00:52:05,760 --> 00:52:07,160
Speaker 3: just want to follow this through though, And the year

1064
00:52:07,160 --> 00:52:11,600
Speaker 3: before it was seven percent, So what's going on here?

1065
00:52:11,640 --> 00:52:14,200
Speaker 3: Like if we just look at the gross premium that

1066
00:52:14,200 --> 00:52:16,960
Speaker 3: you're charging fifteen percent this year, down to seven percent

1067
00:52:17,320 --> 00:52:19,360
Speaker 3: two years ago. How has it more than doubled in

1068
00:52:19,400 --> 00:52:20,960
Speaker 3: two years. How's that justifiable?

1069
00:52:21,560 --> 00:52:24,279
Speaker 25: Oh, there's a lot of input cost here.

1070
00:52:24,360 --> 00:52:24,560
Speaker 26: Head.

1071
00:52:24,719 --> 00:52:27,520
Speaker 25: One of the biggest drivers of the cost is reinsurance,

1072
00:52:28,040 --> 00:52:30,920
Speaker 25: and we all know that ransurance is actually the insurance

1073
00:52:31,000 --> 00:52:33,320
Speaker 25: that we buy to ensure that we're protecting against the

1074
00:52:33,320 --> 00:52:36,319
Speaker 25: big events. Over the last three years, rainsurance has gone

1075
00:52:36,360 --> 00:52:39,960
Speaker 25: up sixty one percent and that has had a significant

1076
00:52:39,960 --> 00:52:43,960
Speaker 25: impact on premiums in New Zeland. And so again, we

1077
00:52:44,080 --> 00:52:46,239
Speaker 25: just need to make sure that we are, you know,

1078
00:52:46,920 --> 00:52:49,480
Speaker 25: charging the premium that's appropriate to make sure that we're

1079
00:52:49,520 --> 00:52:50,480
Speaker 25: a sustainable business.

1080
00:52:50,560 --> 00:52:52,480
Speaker 3: Yeah, I mean that would be okay, right, Amanda, I

1081
00:52:52,480 --> 00:52:54,400
Speaker 3: would be I would be fine with that if you

1082
00:52:54,400 --> 00:52:57,279
Speaker 3: guys were ending up with a profit that looked a

1083
00:52:57,280 --> 00:52:58,920
Speaker 3: little bit lease than it is. But it looks like

1084
00:52:58,960 --> 00:53:01,759
Speaker 3: you're banking a lot of that stuff for yourselves. It's

1085
00:53:01,800 --> 00:53:03,239
Speaker 3: not just going out to the reinsurers.

1086
00:53:04,400 --> 00:53:05,680
Speaker 25: Yeah, look, I think it is. I mean, it's a

1087
00:53:05,680 --> 00:53:08,799
Speaker 25: pretty volatile industry to be and you'll see this go

1088
00:53:08,920 --> 00:53:10,640
Speaker 25: up and down. You need to look at a multi

1089
00:53:11,239 --> 00:53:13,680
Speaker 25: year event like we just need to look at that

1090
00:53:13,760 --> 00:53:17,439
Speaker 25: through the multi years, and you know it might look

1091
00:53:17,480 --> 00:53:19,920
Speaker 25: on its own like it is a large profit, but remember,

1092
00:53:20,400 --> 00:53:23,320
Speaker 25: anything could happen tomorrow. When we had two hundred claims

1093
00:53:23,320 --> 00:53:25,040
Speaker 25: out of an event last week. You can just have

1094
00:53:25,640 --> 00:53:27,520
Speaker 25: these events just pop up at any time, you know,

1095
00:53:27,560 --> 00:53:27,920
Speaker 25: I get that.

1096
00:53:28,000 --> 00:53:30,000
Speaker 3: Okay, So do you need to have a certain level

1097
00:53:30,000 --> 00:53:31,839
Speaker 3: of cash in the bank in order to feel yet

1098
00:53:31,840 --> 00:53:33,360
Speaker 3: comfortable we can cover everything.

1099
00:53:34,080 --> 00:53:36,480
Speaker 25: Absolutely, we want to have the right level of capital.

1100
00:53:37,080 --> 00:53:40,160
Speaker 25: Look like, it's a different you know, we structure our

1101
00:53:40,160 --> 00:53:43,760
Speaker 25: capital quite differently, and I am and not the expert

1102
00:53:43,800 --> 00:53:45,160
Speaker 25: on that, but we need to make sure that we've

1103
00:53:45,200 --> 00:53:46,400
Speaker 25: got the right level of capital.

1104
00:53:46,520 --> 00:53:48,480
Speaker 3: What happens when demand and when you guys have got

1105
00:53:48,560 --> 00:53:50,480
Speaker 3: enough money in the bank, do you start dropping the

1106
00:53:50,520 --> 00:53:52,600
Speaker 3: premiums right down to single figure increases?

1107
00:53:52,640 --> 00:53:52,879
Speaker 2: Again?

1108
00:53:54,080 --> 00:53:56,680
Speaker 25: Yeah, look at what I am expecting to see this year, Actually, Heather,

1109
00:53:56,680 --> 00:54:00,560
Speaker 25: it's a bit of relief. So we're looking at sort

1110
00:54:00,560 --> 00:54:02,959
Speaker 25: of being much more in line with inflation this year.

1111
00:54:03,280 --> 00:54:06,960
Speaker 25: Because we have secured our reinsurance, we're seeing some of

1112
00:54:06,960 --> 00:54:09,400
Speaker 25: the inflation come off and we want to pass that

1113
00:54:09,440 --> 00:54:11,440
Speaker 25: back to customers. And the other thing that we do

1114
00:54:11,600 --> 00:54:13,839
Speaker 25: is we're focusing on our own expence is of course,

1115
00:54:13,880 --> 00:54:16,239
Speaker 25: that's really important. We don't want to be charging customers

1116
00:54:16,600 --> 00:54:18,560
Speaker 25: more than they need to pay, so we've been doing

1117
00:54:18,560 --> 00:54:21,080
Speaker 25: a lot of work around reducing our own expenses so

1118
00:54:21,120 --> 00:54:23,760
Speaker 25: that we are not passing anything additional ed customer.

1119
00:54:23,840 --> 00:54:25,400
Speaker 3: All right, So what CPI at the moment, is it

1120
00:54:25,520 --> 00:54:28,200
Speaker 3: like about three and a half or thereabouts. Yep, about that.

1121
00:54:28,400 --> 00:54:30,239
Speaker 3: So that's what we should be looking forward to as

1122
00:54:30,239 --> 00:54:32,200
Speaker 3: a three and a half percent premium increase.

1123
00:54:32,800 --> 00:54:36,759
Speaker 25: Yeah, we're seeing We're absolutely seeing things stabilize. So I'm

1124
00:54:36,760 --> 00:54:38,520
Speaker 25: thinking that it's going to be more like that for

1125
00:54:38,680 --> 00:54:40,960
Speaker 25: our personal arned customers.

1126
00:54:41,000 --> 00:54:44,040
Speaker 3: Well, that just sounds fantastic. Amanda really appreciated. Amanda Whiting,

1127
00:54:44,080 --> 00:54:47,560
Speaker 3: Chief executive at IAG New Zealand. It's nineteen away from.

1128
00:54:47,440 --> 00:54:52,520
Speaker 1: Six the Huddle with New Zealand Southerby's International Realty Exceptional

1129
00:54:52,600 --> 00:54:54,040
Speaker 1: marketing for every property.

1130
00:54:54,080 --> 00:54:56,400
Speaker 3: On Huddle of this evening got David Farrer KII blogging

1131
00:54:56,440 --> 00:54:58,319
Speaker 3: Curia Polster and Jack Taime q and a host and

1132
00:54:58,320 --> 00:55:01,840
Speaker 3: host of Saturday mornings on z B HI too. David,

1133
00:55:01,840 --> 00:55:03,799
Speaker 3: have you noticed your insurance going up?

1134
00:55:04,400 --> 00:55:10,360
Speaker 2: Oh? Absolutely, Look, I was partly defended and partly condemned

1135
00:55:10,840 --> 00:55:14,200
Speaker 2: insurance companies. I'll say that was a condemnation because this

1136
00:55:14,560 --> 00:55:18,560
Speaker 2: so struck many years ago as a conference's treble and

1137
00:55:18,800 --> 00:55:21,440
Speaker 2: Richard got up and talked about how he'd been in

1138
00:55:21,560 --> 00:55:25,359
Speaker 2: director of the United States Specialist Insurance Company. They did

1139
00:55:25,360 --> 00:55:28,439
Speaker 2: the hurricane insurance right, and he said they only had

1140
00:55:28,600 --> 00:55:31,120
Speaker 2: one rule that they would never break, which is they

1141
00:55:31,120 --> 00:55:35,920
Speaker 2: would own the insurer buildings that could withstand hurricanes. Remember,

1142
00:55:38,320 --> 00:55:42,520
Speaker 2: subs insurance companies to a large degree, they don't want

1143
00:55:42,560 --> 00:55:44,880
Speaker 2: to pay out. They are there to make profit. But

1144
00:55:45,040 --> 00:55:47,480
Speaker 2: having said that was high AG, I think we'd be

1145
00:55:47,480 --> 00:55:51,759
Speaker 2: a bit careful when we talk about profit number sound big,

1146
00:55:51,840 --> 00:55:54,600
Speaker 2: but what's their return on equity? Are they a trillion

1147
00:55:54,640 --> 00:55:58,680
Speaker 2: dollar company at Belgian dollar company? So I don't think

1148
00:55:58,719 --> 00:56:02,759
Speaker 2: we should say IAG necessarily profiteering there just because they're

1149
00:56:02,800 --> 00:56:05,399
Speaker 2: the bumper profit. You really do have to look at

1150
00:56:05,400 --> 00:56:07,799
Speaker 2: what they're return on equity. But you know, let's not

1151
00:56:07,880 --> 00:56:12,160
Speaker 2: mistake ourselves set You know, insurance companies are highly profitable, but.

1152
00:56:12,400 --> 00:56:14,880
Speaker 3: They really are. And you know, David, the jack the

1153
00:56:14,880 --> 00:56:17,680
Speaker 3: thing is if if you're just talking about car insurance,

1154
00:56:17,680 --> 00:56:19,440
Speaker 3: it's not a big deal, but it's your car insurance

1155
00:56:19,440 --> 00:56:21,799
Speaker 3: and your house insurance and your contents insurance, and your

1156
00:56:21,840 --> 00:56:24,560
Speaker 3: life insurance and your medical insurance. Before you know it,

1157
00:56:24,560 --> 00:56:26,759
Speaker 3: it's going to buy hundreds of dollars in a year.

1158
00:56:27,320 --> 00:56:31,280
Speaker 26: And it's such a profoundly unsatisfying bills. Have to pay

1159
00:56:30,960 --> 00:56:33,719
Speaker 26: a bill is particularly fun. But you know, like you know,

1160
00:56:33,960 --> 00:56:36,400
Speaker 26: if you you know, you feel like, I don't know,

1161
00:56:36,440 --> 00:56:38,440
Speaker 26: it's time to get some new benchets or something. You

1162
00:56:38,600 --> 00:56:40,480
Speaker 26: lip down the bunnings of the sale. At least you

1163
00:56:40,480 --> 00:56:43,200
Speaker 26: get something out of it. You've got something tangible. But

1164
00:56:43,239 --> 00:56:46,480
Speaker 26: with insurance it's like, ah, bgo is a grand or

1165
00:56:46,600 --> 00:56:47,240
Speaker 26: three grande.

1166
00:56:47,320 --> 00:56:50,800
Speaker 3: So I will say, because the husband nearly died last

1167
00:56:50,880 --> 00:56:53,280
Speaker 3: year and he'd been paying health insurance for a really

1168
00:56:53,320 --> 00:56:55,680
Speaker 3: long time, and I'll tell you what that was sweet

1169
00:56:55,719 --> 00:56:58,120
Speaker 3: satisfaction getting all that money back like that would have

1170
00:56:58,200 --> 00:57:01,399
Speaker 3: been multiple hundreds of thousands of dollars that pay out.

1171
00:57:02,000 --> 00:57:04,120
Speaker 26: Not that we were obviously wishing your husband to have

1172
00:57:04,160 --> 00:57:07,799
Speaker 26: to go through that. Yes, yes, yes, I mean, and

1173
00:57:07,840 --> 00:57:10,520
Speaker 26: certainly look if my house were the burn down or

1174
00:57:10,520 --> 00:57:13,120
Speaker 26: something like that, I'm sure I'd be very grateful. And

1175
00:57:13,160 --> 00:57:16,000
Speaker 26: I'm not disputing the utility of insurance companies. I think

1176
00:57:16,200 --> 00:57:19,560
Speaker 26: to David's point though, it is actually very difficult for

1177
00:57:19,560 --> 00:57:21,120
Speaker 26: those of us on the outside to look at a

1178
00:57:21,160 --> 00:57:24,560
Speaker 26: baseline figure like that profit and assess whether or not

1179
00:57:24,640 --> 00:57:26,600
Speaker 26: it's accessive or not, right, especially if you put it

1180
00:57:26,600 --> 00:57:28,600
Speaker 26: in the context of the last couple of years. I mean,

1181
00:57:28,680 --> 00:57:31,000
Speaker 26: let's go and have a look at the profits from

1182
00:57:31,280 --> 00:57:35,520
Speaker 26: you know, the year of the Auckland floods and you know,

1183
00:57:35,720 --> 00:57:37,800
Speaker 26: and the storm heading the storm hitting the east coast

1184
00:57:38,160 --> 00:57:41,480
Speaker 26: the North Island. Yeah, relative to relative to this years, right,

1185
00:57:41,840 --> 00:57:44,240
Speaker 26: So you know, it is pretty difficult to try and

1186
00:57:44,280 --> 00:57:47,760
Speaker 26: assess that. But yeah, certainly, if we're not seeing some

1187
00:57:47,800 --> 00:57:50,000
Speaker 26: sort of premium relief in the next year or two,

1188
00:57:50,040 --> 00:57:51,760
Speaker 26: I think a lot of people be pretty frustrated.

1189
00:57:51,840 --> 00:57:54,440
Speaker 3: Yeah, hey, David, what do you reckon about the police

1190
00:57:54,440 --> 00:57:56,919
Speaker 3: cracking down on the stupid parents smoking with the kids

1191
00:57:56,920 --> 00:57:58,520
Speaker 3: in the cars. Is that really a priority?

1192
00:58:00,120 --> 00:58:03,080
Speaker 2: Well, I think they should be doing warnings at les.

1193
00:58:03,200 --> 00:58:06,480
Speaker 2: So I don't think you charging finding parents for being

1194
00:58:06,520 --> 00:58:09,640
Speaker 2: let's be blunt, bad parents. Yeah, I really can't think

1195
00:58:09,960 --> 00:58:13,400
Speaker 2: why any parents would expose they could to secondhand smoke.

1196
00:58:14,600 --> 00:58:20,600
Speaker 2: But I think yo clogging up court time worth actual

1197
00:58:20,760 --> 00:58:24,280
Speaker 2: charges isn't the best way. But most parents you would

1198
00:58:24,280 --> 00:58:27,600
Speaker 2: hope would respond to an official caution from the police.

1199
00:58:27,760 --> 00:58:29,520
Speaker 2: So I think that's what they should be doing.

1200
00:58:29,600 --> 00:58:31,680
Speaker 3: Yeah, Jack, I want to get your take on it.

1201
00:58:31,920 --> 00:58:33,280
Speaker 3: Get it after the break quarter two.

1202
00:58:33,800 --> 00:58:38,120
Speaker 1: The Huddle with New Zealand Southby's International Realty Unparalleled reach

1203
00:58:38,280 --> 00:58:39,040
Speaker 1: and results.

1204
00:58:39,320 --> 00:58:41,280
Speaker 3: Back on the Huddles, Jack named David Farah, Jack, what

1205
00:58:41,280 --> 00:58:41,800
Speaker 3: do you reckon?

1206
00:58:42,440 --> 00:58:44,960
Speaker 26: I reckon if you are the kind of parent who

1207
00:58:45,040 --> 00:58:48,760
Speaker 26: is prepared to smoke with your children in a confined space,

1208
00:58:48,960 --> 00:58:51,440
Speaker 26: you are probably the kind of parent isn't going to

1209
00:58:51,480 --> 00:58:54,520
Speaker 26: really give a toss if the police find you. I

1210
00:58:54,600 --> 00:58:57,640
Speaker 26: just wonder if they should do what they did they

1211
00:58:57,760 --> 00:58:59,480
Speaker 26: used to do with seat belts, you know, every now

1212
00:58:59,520 --> 00:59:01,240
Speaker 26: and then they do bit of a blitz, yeah, and

1213
00:59:01,280 --> 00:59:04,400
Speaker 26: then publicize that. They get all the newspaper photographers down there,

1214
00:59:04,400 --> 00:59:06,760
Speaker 26: and you know, all people using their cell phones. What

1215
00:59:06,880 --> 00:59:08,800
Speaker 26: you need is for fifty people to be stung on

1216
00:59:08,800 --> 00:59:11,160
Speaker 26: a weekend for smoking or vaping with their kids in

1217
00:59:11,160 --> 00:59:13,120
Speaker 26: the car. Put it on the page of the Herald,

1218
00:59:13,280 --> 00:59:14,400
Speaker 26: and then you should be right for a while.

1219
00:59:14,560 --> 00:59:16,560
Speaker 3: Do you know what? It's so interesting, But it's interesting

1220
00:59:16,560 --> 00:59:17,920
Speaker 3: you raise that point because I don't even know if

1221
00:59:17,920 --> 00:59:20,240
Speaker 3: there would be fifty. I mean, really, honestly, do parents

1222
00:59:20,240 --> 00:59:20,760
Speaker 3: still do this.

1223
00:59:20,920 --> 00:59:23,400
Speaker 26: I don't think I've ever seen it since they banned.

1224
00:59:23,440 --> 00:59:25,560
Speaker 26: I honestly don't think I think I've ever seen it.

1225
00:59:25,720 --> 00:59:26,360
Speaker 2: I mean, it just.

1226
00:59:26,480 --> 00:59:30,000
Speaker 26: Seems I just cannot imagine being a parent and doing

1227
00:59:30,040 --> 00:59:31,920
Speaker 26: that with a child in the car. I suppose some

1228
00:59:31,920 --> 00:59:34,120
Speaker 26: people might say that vaping is different, but obviously the

1229
00:59:34,160 --> 00:59:36,720
Speaker 26: law doesn't distinguish. Yeah, I just can't imagine it.

1230
00:59:36,920 --> 00:59:39,840
Speaker 4: Have you ever seen it, David, I haven't.

1231
00:59:40,000 --> 00:59:42,840
Speaker 2: I think all three of us would be surprised that

1232
00:59:42,880 --> 00:59:44,400
Speaker 2: we're out of touch for segments.

1233
00:59:44,760 --> 00:59:46,760
Speaker 3: Okay, okay, I'm going to take that in the.

1234
00:59:46,720 --> 00:59:48,240
Speaker 26: Spirit of middle time going through.

1235
00:59:48,280 --> 00:59:48,360
Speaker 22: Ye.

1236
00:59:49,000 --> 00:59:51,480
Speaker 3: Yeah, you weren't trying to be horrible, and so we're

1237
00:59:51,480 --> 00:59:54,440
Speaker 3: going to forgive you. Forgive you for that. David, Listen,

1238
00:59:54,720 --> 00:59:57,000
Speaker 3: are you at all offender that Nicole McKee is a

1239
00:59:57,040 --> 01:00:00,160
Speaker 3: gun lobbyist turned MP rewriting gun laws? Is Is this

1240
01:00:00,240 --> 01:00:01,800
Speaker 3: a problem to you?

1241
01:00:01,840 --> 01:00:07,040
Speaker 2: No, because she doesn't rewrite them. Anything goes through cabinet.

1242
01:00:07,160 --> 01:00:10,919
Speaker 2: Obviously she has an interest with her background there, that's

1243
01:00:10,920 --> 01:00:15,800
Speaker 2: why she got the portfolio. But you know, any significant

1244
01:00:15,880 --> 01:00:19,960
Speaker 2: changes always goes through a collaborative process. Probably will involve

1245
01:00:20,000 --> 01:00:23,760
Speaker 2: the three party leaders, so I don't see it as

1246
01:00:23,800 --> 01:00:26,240
Speaker 2: a big issue. You know, she will be far from

1247
01:00:26,280 --> 01:00:29,880
Speaker 2: the only person. You know, you've had education unionists have

1248
01:00:29,960 --> 01:00:31,680
Speaker 2: become education ministers.

1249
01:00:34,560 --> 01:00:36,800
Speaker 3: Yeah, so Jack to that point, how is this different

1250
01:00:36,800 --> 01:00:40,680
Speaker 3: from for example, Michael Wood, senior union organizer becoming the

1251
01:00:40,680 --> 01:00:45,400
Speaker 3: workplace Relations minister or Andrew Hogard Federated farmer's boss becoming

1252
01:00:45,440 --> 01:00:47,080
Speaker 3: the Sociate Agriculture Minister.

1253
01:00:47,440 --> 01:00:49,120
Speaker 26: I think you guys are absolutely right, and that there

1254
01:00:49,160 --> 01:00:52,200
Speaker 26: are just lots of people who come from advocating for

1255
01:00:52,320 --> 01:00:56,440
Speaker 26: certain interests b day, like collective interests or you know,

1256
01:00:56,680 --> 01:00:59,800
Speaker 26: explicit corporate interests in the private sector or public sector

1257
01:00:59,800 --> 01:01:03,200
Speaker 26: who's come into roles in Parliament. I suppose the question

1258
01:01:03,280 --> 01:01:07,520
Speaker 26: is really around process, right And to David's point, you know,

1259
01:01:07,800 --> 01:01:10,840
Speaker 26: to consider the criticism from the Police Union of last week,

1260
01:01:11,120 --> 01:01:13,680
Speaker 26: of Police Association of last week, you would think that

1261
01:01:13,800 --> 01:01:16,520
Speaker 26: if you came from a public position as a as

1262
01:01:16,560 --> 01:01:20,680
Speaker 26: a as a gun industry or gun lobby spokesperson, then

1263
01:01:20,960 --> 01:01:24,200
Speaker 26: you would do everything in your power to at least

1264
01:01:24,240 --> 01:01:26,680
Speaker 26: include people who might be on the other side of

1265
01:01:26,680 --> 01:01:29,040
Speaker 26: an argument when it came to changing stuff. And look,

1266
01:01:29,320 --> 01:01:31,280
Speaker 26: I mean, I'm sure that the minister will contest that

1267
01:01:31,640 --> 01:01:33,880
Speaker 26: she and the police, you know, she has involved police,

1268
01:01:33,880 --> 01:01:38,160
Speaker 26: and that you know, the police union are unnecessarily raising concerns.

1269
01:01:38,160 --> 01:01:39,760
Speaker 26: But I would have thought that's a really good way

1270
01:01:39,800 --> 01:01:43,120
Speaker 26: around it. If there's to be any question over your

1271
01:01:43,240 --> 01:01:46,680
Speaker 26: neutrality in creating those laws, you really want to make

1272
01:01:46,720 --> 01:01:51,240
Speaker 26: sure that you include organizations and voices from a wide

1273
01:01:51,320 --> 01:01:52,280
Speaker 26: range of perspectives.

1274
01:01:52,360 --> 01:01:52,560
Speaker 6: Yeah.

1275
01:01:52,640 --> 01:01:55,080
Speaker 3: I think that's a fair point, very quickly from both

1276
01:01:55,120 --> 01:01:57,680
Speaker 3: of you. David, do you think that David Seymour is

1277
01:01:57,680 --> 01:01:59,280
Speaker 3: in a little bit of trouble here for being the

1278
01:02:00,080 --> 01:02:02,720
Speaker 3: cut the waist, slash and burns through the public sector guy,

1279
01:02:02,720 --> 01:02:05,120
Speaker 3: and then it turns out he's building a ministry that's

1280
01:02:05,160 --> 01:02:08,040
Speaker 3: now four times the size of the Productivity Commission it replaced.

1281
01:02:08,800 --> 01:02:11,120
Speaker 2: I don't think the problem is the size of it,

1282
01:02:11,200 --> 01:02:13,920
Speaker 2: but the efforts salary of one hundred and fifty thousand, Yeah,

1283
01:02:14,000 --> 01:02:17,880
Speaker 2: did surprise me because not many public stuments are one

1284
01:02:17,960 --> 01:02:20,080
Speaker 2: hundred and fifty found now, But for that to be

1285
01:02:20,120 --> 01:02:24,280
Speaker 2: the average, that just does seem quite high for me.

1286
01:02:24,320 --> 01:02:27,160
Speaker 2: You know, if you're an optimist, you might say, well,

1287
01:02:27,480 --> 01:02:29,680
Speaker 2: they're getting the top people when they're going to do

1288
01:02:29,720 --> 01:02:31,360
Speaker 2: a great job and they're going to get rid of

1289
01:02:31,480 --> 01:02:34,640
Speaker 2: some stupid regulations, but we haven't seen that yet. All

1290
01:02:34,680 --> 01:02:37,720
Speaker 2: we've seen is the cost. So the effort is going

1291
01:02:37,760 --> 01:02:42,040
Speaker 2: to be on that they actually have to deliver Otherwise, people,

1292
01:02:42,240 --> 01:02:45,120
Speaker 2: I guess what are we getting by paying all this done?

1293
01:02:45,360 --> 01:02:48,640
Speaker 3: And Jack, I always think there's nothing worse than a hypocrite.

1294
01:02:49,600 --> 01:02:51,720
Speaker 26: Yeah, of course, this is a thing that repulses everyone

1295
01:02:51,760 --> 01:02:54,480
Speaker 26: about politicians and all strips. Right, hypocrisy is the thing

1296
01:02:54,520 --> 01:02:58,240
Speaker 26: that really riles us. Now, not saying necessarily the data

1297
01:02:58,320 --> 01:03:00,160
Speaker 26: Seamo is being a hypocrite, just yet, I think you

1298
01:03:00,160 --> 01:03:01,720
Speaker 26: go the right. The proof of the pudding is in

1299
01:03:01,800 --> 01:03:05,400
Speaker 26: the eating. I was personally surprised at the at the

1300
01:03:05,440 --> 01:03:07,880
Speaker 26: size of the ministry. I'm not saying it's necessarily a

1301
01:03:07,920 --> 01:03:11,240
Speaker 26: bad thing, but yeah, those those salaries do seem on

1302
01:03:11,320 --> 01:03:13,800
Speaker 26: the higher side. So you know, it just puts all

1303
01:03:13,800 --> 01:03:16,320
Speaker 26: the more pressure on this, on this new ministry to

1304
01:03:16,400 --> 01:03:19,960
Speaker 26: actually have some really significant tangible outcome.

1305
01:03:20,160 --> 01:03:22,160
Speaker 3: It better cut a lot out of everybody else to

1306
01:03:22,280 --> 01:03:25,000
Speaker 3: justify its existence. Guys, thank you very much, David Farrah,

1307
01:03:25,080 --> 01:03:28,080
Speaker 3: Jack t Marhuddle away from six on your.

1308
01:03:27,960 --> 01:03:30,640
Speaker 1: Smart speaker, on the iHeart app, and in your car

1309
01:03:30,760 --> 01:03:34,760
Speaker 1: on your drive home, Heather duplic allan drive with one

1310
01:03:34,800 --> 01:03:38,440
Speaker 1: New Zealand one giant leap for business news talk as

1311
01:03:38,480 --> 01:03:39,720
Speaker 1: it be, Heather.

1312
01:03:39,600 --> 01:03:42,640
Speaker 3: My insurance with IAG has gone up eighty three percent.

1313
01:03:42,760 --> 01:03:46,959
Speaker 3: Eighty three percent in four years is basically doubled. Hither

1314
01:03:47,080 --> 01:03:49,920
Speaker 3: our IAG premium was a sixty percent increase. This yet

1315
01:03:49,920 --> 01:03:52,000
Speaker 3: it's eyewatering, really hard to manage on a pension that's

1316
01:03:52,000 --> 01:03:54,720
Speaker 3: from Peter here. I wonder what sort of bonus Amanda got, actually,

1317
01:03:54,840 --> 01:03:56,959
Speaker 3: thank you for asking for making five hundred million dollars

1318
01:03:56,960 --> 01:04:00,439
Speaker 3: in profit. Amanda got paid base salary is one point

1319
01:04:00,520 --> 01:04:03,360
Speaker 3: five million, and that's an Ossie D, so it'll be

1320
01:04:03,400 --> 01:04:05,480
Speaker 3: more than that, So one point five mil. And then

1321
01:04:05,520 --> 01:04:07,520
Speaker 3: the cash bonus on top of that is nine hundred

1322
01:04:07,560 --> 01:04:10,919
Speaker 3: thoul and she gets half of it this year, four

1323
01:04:10,960 --> 01:04:13,360
Speaker 3: hundred and fifty thous and then four hundred and fifty

1324
01:04:13,360 --> 01:04:20,840
Speaker 3: thousand dollars. Ossie D deferred Amanda drinks on Amanda big drink,

1325
01:04:20,920 --> 01:04:22,840
Speaker 3: lots of drinks on a matter, because that's the least

1326
01:04:22,880 --> 01:04:25,120
Speaker 3: Amanda can do for you, am I right, Like the

1327
01:04:25,240 --> 01:04:26,840
Speaker 3: least is just to buy you a drink, just to

1328
01:04:26,880 --> 01:04:29,240
Speaker 3: make this thing feel a lot better listen. We're gonna

1329
01:04:29,240 --> 01:04:31,160
Speaker 3: talk to Sky TV after six o'clock. They've had their

1330
01:04:31,160 --> 01:04:32,760
Speaker 3: results out today. It's been a big day actually on

1331
01:04:32,760 --> 01:04:35,400
Speaker 3: the markets. Four percent drop a net profit, which actually

1332
01:04:35,440 --> 01:04:37,560
Speaker 3: isn't that bad given the economy at the moment, because

1333
01:04:37,560 --> 01:04:38,880
Speaker 3: one of the first things people cut out of their

1334
01:04:38,920 --> 01:04:42,400
Speaker 3: finances is obviously, you know, the the luxuries like Sky.

1335
01:04:42,520 --> 01:04:45,720
Speaker 3: So talk to the CEO, Sophie Maloney after six. Now

1336
01:04:45,840 --> 01:04:48,240
Speaker 3: did you know I did not know this until yesterday.

1337
01:04:48,560 --> 01:04:51,680
Speaker 3: Did you know that if you get food poisoning when

1338
01:04:51,800 --> 01:04:54,400
Speaker 3: you buy food outside of the home, right, if you

1339
01:04:54,480 --> 01:04:56,400
Speaker 3: buy I don't know, like you got a restaurant and

1340
01:04:56,440 --> 01:04:59,360
Speaker 3: buy food, you're actually supposed to report this to the authorities.

1341
01:04:59,720 --> 01:05:02,440
Speaker 3: And I only found this out because I was telling

1342
01:05:03,040 --> 01:05:05,760
Speaker 3: the ladies in the office yesterday that I went out

1343
01:05:05,880 --> 01:05:08,080
Speaker 3: to dinner on Saturday night in Wellington with a couple

1344
01:05:08,120 --> 01:05:10,760
Speaker 3: of my girlfriends and they had oysters and I didn't

1345
01:05:10,800 --> 01:05:15,640
Speaker 3: have any oysters. And did they pay for those oysters?

1346
01:05:15,760 --> 01:05:16,000
Speaker 17: Man?

1347
01:05:16,240 --> 01:05:19,280
Speaker 3: One got sick within twenty four hours Sunday night. She

1348
01:05:19,400 --> 01:05:22,080
Speaker 3: was up all night chucking, doing the whole lot, the

1349
01:05:22,120 --> 01:05:25,400
Speaker 3: whole thing. She was so sick she fell over in

1350
01:05:25,440 --> 01:05:27,920
Speaker 3: the bathroom, like completely passed out and woke up with

1351
01:05:27,960 --> 01:05:30,240
Speaker 3: a lumbardo forehead, which suggests that there might have been

1352
01:05:30,240 --> 01:05:32,040
Speaker 3: a fall from a stand. Do you know what I mean? Like,

1353
01:05:32,120 --> 01:05:34,280
Speaker 3: how sick are you if you're passing out when you're

1354
01:05:34,280 --> 01:05:37,440
Speaker 3: busy chucking. Anyway, the other one got sick on Monday

1355
01:05:37,520 --> 01:05:40,640
Speaker 3: night and they are still wearing They still like the

1356
01:05:40,920 --> 01:05:42,840
Speaker 3: first one I got sick, still can't eat anything. She's

1357
01:05:42,880 --> 01:05:45,680
Speaker 3: really suffering. And the other one also Anyway, So the

1358
01:05:45,760 --> 01:05:47,680
Speaker 3: ladies in the office said, you've got to report it, right,

1359
01:05:47,720 --> 01:05:50,439
Speaker 3: So I said to one of my friends, make them

1360
01:05:50,440 --> 01:05:52,440
Speaker 3: do their own admin while they're sick. I was like,

1361
01:05:52,480 --> 01:05:55,200
Speaker 3: you got to report it. So they rang health Line

1362
01:05:55,240 --> 01:05:57,720
Speaker 3: to report it, and health Line told them, no, no, no,

1363
01:05:57,840 --> 01:06:00,080
Speaker 3: you don't have to report it. No, it's absolutely fine.

1364
01:06:00,200 --> 01:06:02,080
Speaker 3: But it's not a surprise that health Line gets these

1365
01:06:02,120 --> 01:06:04,840
Speaker 3: things wrong, because she also called house Line once when

1366
01:06:04,840 --> 01:06:07,240
Speaker 3: she had the flu, and she had it so badly

1367
01:06:07,640 --> 01:06:09,360
Speaker 3: that she thought she was going to die and needed

1368
01:06:09,360 --> 01:06:10,920
Speaker 3: to go to the doctor, and house Line said, you

1369
01:06:10,960 --> 01:06:12,240
Speaker 3: don't need to go to the doctor. You've got a

1370
01:06:12,280 --> 01:06:15,720
Speaker 3: spider bite. She was like, I haven't been bitten by

1371
01:06:15,720 --> 01:06:17,840
Speaker 3: a spider. So the fact that health Line didn't know

1372
01:06:17,880 --> 01:06:20,800
Speaker 3: the rules is not altogether the surprising anyway I googled it.

1373
01:06:20,880 --> 01:06:22,520
Speaker 3: You do have to tell them, You've got to tell

1374
01:06:22,560 --> 01:06:24,720
Speaker 3: the Health Protection officer and the service. I'm gonna tell

1375
01:06:24,720 --> 01:06:27,920
Speaker 3: you later about the service from these guys out standing

1376
01:06:28,080 --> 01:06:28,800
Speaker 3: newstalgs dB.

1377
01:06:29,160 --> 01:06:40,120
Speaker 1: Yeah, yeah, we had a business inside the business hour

1378
01:06:40,360 --> 01:06:42,919
Speaker 1: we're head to due to c Ellen and my hr

1379
01:06:43,280 --> 01:06:44,280
Speaker 1: on News Dogs.

1380
01:06:44,200 --> 01:06:48,320
Speaker 3: B even in coming up in the next hour. Apparently

1381
01:06:48,320 --> 01:06:50,240
Speaker 3: it's time for us all to get into solar powers,

1382
01:06:50,240 --> 01:06:52,920
Speaker 3: you know, because the electricity market stuffed, and apparently it's

1383
01:06:52,960 --> 01:06:54,880
Speaker 3: also time for the government to subsidize it. We're going

1384
01:06:54,920 --> 01:06:57,720
Speaker 3: to talk about this after six thirty Milford Asset Management

1385
01:06:57,720 --> 01:07:00,919
Speaker 3: on Fletcher's results thran Jenae tib Shane shortly at seven

1386
01:07:00,920 --> 01:07:04,440
Speaker 3: past six. Now SkyTV the customer base has fallen now

1387
01:07:04,480 --> 01:07:07,800
Speaker 3: to its lowest level in five years. They've posted a

1388
01:07:07,840 --> 01:07:10,600
Speaker 3: net after tax profit of forty nine million dollars for

1389
01:07:10,600 --> 01:07:12,920
Speaker 3: the year to June. This is a nearly four percent

1390
01:07:12,960 --> 01:07:15,600
Speaker 3: decrease from the year before. Sophie Maloneous sky TV's chief

1391
01:07:15,640 --> 01:07:16,160
Speaker 3: executive he.

1392
01:07:16,240 --> 01:07:18,400
Speaker 11: Sophie, sure to hear that how you doing.

1393
01:07:18,440 --> 01:07:20,520
Speaker 3: I'm very well, Thank you listen coming back four percent.

1394
01:07:20,720 --> 01:07:23,600
Speaker 3: Given the economic situation facing the country is not bad,

1395
01:07:23,720 --> 01:07:24,760
Speaker 3: is it.

1396
01:07:24,760 --> 01:07:27,040
Speaker 11: It's not too badly if you think about that, it's

1397
01:07:27,080 --> 01:07:31,720
Speaker 11: got to increase depreation depreciation costs in it. So I

1398
01:07:31,760 --> 01:07:34,760
Speaker 11: think the bigger one for us is free cash flow

1399
01:07:34,840 --> 01:07:38,280
Speaker 11: generation is up forty three percent year on year, and

1400
01:07:38,320 --> 01:07:41,720
Speaker 11: that has allowed us to pay a dividend of nineteen

1401
01:07:41,800 --> 01:07:44,479
Speaker 11: cents per share. So that's the twenty six point seven

1402
01:07:44,480 --> 01:07:47,160
Speaker 11: percent uplift for our for our shareholder.

1403
01:07:46,800 --> 01:07:50,240
Speaker 3: Love a dividend. However, you have lost about seventy six

1404
01:07:50,280 --> 01:07:52,680
Speaker 3: thousand subscribers in the last year. Now that feels like

1405
01:07:52,720 --> 01:07:53,520
Speaker 3: a lot, is it.

1406
01:07:54,400 --> 01:07:58,000
Speaker 11: Yeah, Look, that was disappointing for us and the team.

1407
01:07:58,040 --> 01:08:00,160
Speaker 11: And I did say on the call earlier that if

1408
01:08:00,160 --> 01:08:03,240
Speaker 11: I could have moved the balance date to thirty one July,

1409
01:08:03,320 --> 01:08:05,280
Speaker 11: you would have seen our customer numbers would back up

1410
01:08:05,320 --> 01:08:08,000
Speaker 11: over a million. So you know, that's the nature of

1411
01:08:08,040 --> 01:08:11,440
Speaker 11: being a streaming business provider as well as having our

1412
01:08:11,560 --> 01:08:14,560
Speaker 11: Skybox base. But yeah, it was a bit disappointing in

1413
01:08:14,560 --> 01:08:17,759
Speaker 11: the year because I want New Zealanders to keep enjoying

1414
01:08:18,240 --> 01:08:21,920
Speaker 11: their Sky Sport and Sky entertainment content. But so where

1415
01:08:21,960 --> 01:08:23,280
Speaker 11: we're working hard to get them back.

1416
01:08:23,400 --> 01:08:25,360
Speaker 3: But so is it quite volatile because I mean what

1417
01:08:25,360 --> 01:08:27,240
Speaker 3: you're talking about is the difference between the end of

1418
01:08:27,320 --> 01:08:29,040
Speaker 3: June and the end of July just being a month.

1419
01:08:29,240 --> 01:08:32,280
Speaker 3: Is that you've seen you've gained more than seventy thousand view.

1420
01:08:32,160 --> 01:08:35,760
Speaker 27: Its, Yeah, it is. I mean, streaming is very volatile.

1421
01:08:35,920 --> 01:08:39,559
Speaker 11: So you know, that's the two performers that we weren't

1422
01:08:39,560 --> 01:08:43,080
Speaker 11: happy about in the year, with Skybox and Neon in particular.

1423
01:08:43,360 --> 01:08:46,880
Speaker 11: So that's the nature of the streaming business that you'll

1424
01:08:46,920 --> 01:08:49,799
Speaker 11: see your numbers move around quite a lot. And obviously

1425
01:08:49,840 --> 01:08:52,280
Speaker 11: it was a very impressive July of sport.

1426
01:08:53,160 --> 01:08:54,200
Speaker 3: What's the problem with Neon.

1427
01:08:56,840 --> 01:09:01,400
Speaker 11: We had suffered from having you know, the US writers

1428
01:09:01,400 --> 01:09:03,559
Speaker 11: and actress strikes did mean that we actually didn't get

1429
01:09:03,600 --> 01:09:06,479
Speaker 11: the content that we had hopes through our key from

1430
01:09:06,520 --> 01:09:10,080
Speaker 11: our key partners. How the Dragon came in from HBO

1431
01:09:10,439 --> 01:09:13,439
Speaker 11: just to the end of June. But looking ahead, you know,

1432
01:09:13,479 --> 01:09:16,559
Speaker 11: we do have Yellowstone coming back, We've got The Penguin,

1433
01:09:17,240 --> 01:09:20,320
Speaker 11: We've got White Lotus, So there are some big titles

1434
01:09:20,320 --> 01:09:23,680
Speaker 11: coming back this year and they sail as well. So

1435
01:09:23,800 --> 01:09:27,120
Speaker 11: again we should see we hope to see Neon recover

1436
01:09:27,760 --> 01:09:29,519
Speaker 11: from you know from where it's been this year.

1437
01:09:29,600 --> 01:09:31,920
Speaker 3: Are you are you seeing this thing where the minute

1438
01:09:31,920 --> 01:09:35,640
Speaker 3: that you don't have enough content to satisfy people's insatiable

1439
01:09:35,920 --> 01:09:39,679
Speaker 3: desire to watch things, they switch off and go they cancel,

1440
01:09:39,960 --> 01:09:42,759
Speaker 3: shift to Netflix for a month, cancel, shift to Apple,

1441
01:09:42,800 --> 01:09:45,120
Speaker 3: and just do like a rotation like that.

1442
01:09:45,120 --> 01:09:48,600
Speaker 11: That is exactly what's happening in the entertainment entertainment s

1443
01:09:48,640 --> 01:09:51,120
Speaker 11: good market, Heather, And that's the you know, it's a challenge,

1444
01:09:51,200 --> 01:09:54,960
Speaker 11: right because that's quite difficult to manage your revenue, which

1445
01:09:55,000 --> 01:09:58,040
Speaker 11: is why we do love our always on sport and

1446
01:09:58,240 --> 01:10:00,560
Speaker 11: always on entertainment on the sky.

1447
01:10:00,560 --> 01:10:02,080
Speaker 3: How do you get around that, because it seems to

1448
01:10:02,120 --> 01:10:04,479
Speaker 3: me the only way you can do it is by

1449
01:10:04,560 --> 01:10:07,240
Speaker 3: locking people in basically for a year with such an

1450
01:10:07,280 --> 01:10:09,559
Speaker 3: awesome deal over a year that they think it's worth

1451
01:10:09,560 --> 01:10:11,080
Speaker 3: it and then never cancel.

1452
01:10:11,680 --> 01:10:13,639
Speaker 11: Well, that's one way to do it, but it's also

1453
01:10:13,760 --> 01:10:17,160
Speaker 11: just understanding the content that people enjoy coming back to

1454
01:10:17,520 --> 01:10:20,759
Speaker 11: and you know, making sure that you've got a really

1455
01:10:20,840 --> 01:10:23,920
Speaker 11: fresh content set to be delivered so the team are

1456
01:10:23,920 --> 01:10:26,040
Speaker 11: going to be you know, we've learned a lot with Neon.

1457
01:10:26,080 --> 01:10:28,439
Speaker 11: We were kind of waiting for these big titles and

1458
01:10:28,479 --> 01:10:31,240
Speaker 11: we realize that doesn't that doesn't really work, and what

1459
01:10:31,280 --> 01:10:33,320
Speaker 11: you want is just to have a steady diet of

1460
01:10:33,400 --> 01:10:34,120
Speaker 11: fresh content.

1461
01:10:34,760 --> 01:10:36,680
Speaker 3: Hey, what's going on with the rugby By the way,

1462
01:10:36,720 --> 01:10:38,280
Speaker 3: when do you start the negotiations.

1463
01:10:39,360 --> 01:10:42,920
Speaker 11: Yeah, we're in discussions at the moment, so and they're

1464
01:10:42,960 --> 01:10:45,320
Speaker 11: being constructive and I would expect that, you know, by

1465
01:10:45,360 --> 01:10:47,200
Speaker 11: the end of this calendar year. We both want to

1466
01:10:47,240 --> 01:10:49,439
Speaker 11: know where we are with the deal because the new

1467
01:10:49,439 --> 01:10:51,599
Speaker 11: one starts in one January twenty twenty sixth.

1468
01:10:51,760 --> 01:10:53,920
Speaker 3: Are you up against anybody who's bidding against you? Is

1469
01:10:53,960 --> 01:10:54,519
Speaker 3: it TV and Z.

1470
01:10:56,880 --> 01:11:00,880
Speaker 11: Look, that's obviously not a question for me to answer that.

1471
01:11:01,040 --> 01:11:05,400
Speaker 11: I'm you know, where we're very clear hither about you know,

1472
01:11:05,520 --> 01:11:09,040
Speaker 11: the parts of the rugby deal that are very valuable

1473
01:11:09,080 --> 01:11:11,840
Speaker 11: for Sky customers and and the stuff that they're maybe

1474
01:11:11,880 --> 01:11:13,800
Speaker 11: not watching as much of, And that all goes into

1475
01:11:13,800 --> 01:11:15,400
Speaker 11: the maxim the conversation.

1476
01:11:15,120 --> 01:11:16,120
Speaker 3: What are we not watching?

1477
01:11:18,120 --> 01:11:21,040
Speaker 11: I mean some of the some of the content when

1478
01:11:21,080 --> 01:11:23,280
Speaker 11: you've got lots of other things to watch. It's quite

1479
01:11:23,280 --> 01:11:26,759
Speaker 11: a competitive landscape over you know, particularly during July and August,

1480
01:11:26,840 --> 01:11:29,560
Speaker 11: there's and this this year in particular with the Olympics,

1481
01:11:30,439 --> 01:11:32,240
Speaker 11: there are a lot of New Zealanders watching that, that's

1482
01:11:32,240 --> 01:11:32,679
Speaker 11: for sure.

1483
01:11:32,960 --> 01:11:35,519
Speaker 3: So the stuff that we're not watching would be like

1484
01:11:35,640 --> 01:11:36,920
Speaker 3: what the NPC.

1485
01:11:39,439 --> 01:11:40,000
Speaker 4: Through the year.

1486
01:11:40,439 --> 01:11:43,000
Speaker 11: The NPC is one of the is one of the

1487
01:11:43,000 --> 01:11:46,000
Speaker 11: conversations with New Zealand Rugby just to see how they're

1488
01:11:46,000 --> 01:11:48,760
Speaker 11: scheduling the content and making sure that they're that we're

1489
01:11:48,760 --> 01:11:51,519
Speaker 11: both marketing at as well as we can to ensure

1490
01:11:51,520 --> 01:11:54,640
Speaker 11: that New Zealanders know that those games are on. And

1491
01:11:54,680 --> 01:11:57,080
Speaker 11: there's a lot of them right There's normally over seventy

1492
01:11:57,120 --> 01:11:58,920
Speaker 11: games a season, so it's a lot of a lot

1493
01:11:58,960 --> 01:11:59,759
Speaker 11: of rugby content.

1494
01:12:01,360 --> 01:12:02,599
Speaker 3: You're not going to pay as much as you did

1495
01:12:02,680 --> 01:12:03,559
Speaker 3: last time, though, are you.

1496
01:12:05,200 --> 01:12:05,800
Speaker 2: Look on it?

1497
01:12:06,200 --> 01:12:08,760
Speaker 11: We last time in twenty nineteen we were in a

1498
01:12:08,840 --> 01:12:12,120
Speaker 11: very different position where basically we needed to take all

1499
01:12:12,120 --> 01:12:15,559
Speaker 11: of the rugby because Sparksport was there and we didn't

1500
01:12:15,560 --> 01:12:16,280
Speaker 11: have any choice.

1501
01:12:16,320 --> 01:12:18,120
Speaker 26: Plus we didn't have the data that we.

1502
01:12:18,120 --> 01:12:22,280
Speaker 11: Now do to really help inform what understanding what our

1503
01:12:22,280 --> 01:12:25,320
Speaker 11: customers value. So we're in a much better place now

1504
01:12:25,320 --> 01:12:27,400
Speaker 11: and of course we welcome back things like the Premier

1505
01:12:27,479 --> 01:12:30,840
Speaker 11: League and Formula One which make a big difference, and

1506
01:12:31,640 --> 01:12:34,559
Speaker 11: the Warriors we're performing really well.

1507
01:12:34,760 --> 01:12:36,120
Speaker 3: Ah, how good.

1508
01:12:36,200 --> 01:12:40,600
Speaker 11: Obviously they have been amazing and it'll be awesome to

1509
01:12:40,640 --> 01:12:44,080
Speaker 11: celebrate Shawn Johnson, who's been a legend this Friday. And

1510
01:12:44,120 --> 01:12:44,599
Speaker 11: that's smart.

1511
01:12:45,280 --> 01:12:48,520
Speaker 3: But yeah, at Sean Johnson Stadium.

1512
01:12:49,280 --> 01:12:51,360
Speaker 27: Exactly right, Heather, Are you going to go along?

1513
01:12:52,000 --> 01:12:54,640
Speaker 3: No, I haven't actually been invited by anybody. And then

1514
01:12:55,040 --> 01:12:57,519
Speaker 3: I just I just didn't buy my own tickets because

1515
01:12:57,520 --> 01:12:59,640
Speaker 3: I'm tight. So there you go.

1516
01:12:59,760 --> 01:13:01,400
Speaker 11: Maybe maybe someone might invite you.

1517
01:13:01,400 --> 01:13:01,880
Speaker 24: You never know.

1518
01:13:02,040 --> 01:13:04,479
Speaker 3: Oh look, and now I've got plans to sit at

1519
01:13:04,520 --> 01:13:06,120
Speaker 3: home on the couch and watch it. But how good

1520
01:13:06,160 --> 01:13:06,439
Speaker 3: is that?

1521
01:13:06,479 --> 01:13:10,759
Speaker 11: I know that Sky obviously obviously on Sky or Sky

1522
01:13:10,760 --> 01:13:11,800
Speaker 11: Sport now as you wish.

1523
01:13:11,960 --> 01:13:14,960
Speaker 3: So the do you think TVNZ is serious about this

1524
01:13:15,040 --> 01:13:16,720
Speaker 3: play for sport? I mean, are you are you going

1525
01:13:16,760 --> 01:13:18,679
Speaker 3: to have to go up against them and start shelling

1526
01:13:18,720 --> 01:13:20,040
Speaker 3: out money to keep the sport content?

1527
01:13:21,600 --> 01:13:25,160
Speaker 11: Look, I think it's you. Obviously have had some good conversations.

1528
01:13:25,200 --> 01:13:27,280
Speaker 11: I thought you had a great conversation with Duncan Greeve

1529
01:13:28,520 --> 01:13:31,720
Speaker 11: conversation for TVNZ. I understand why they want to look

1530
01:13:31,760 --> 01:13:35,600
Speaker 11: at divestifying their revenue, and I understand obviously Sky understands

1531
01:13:36,720 --> 01:13:40,599
Speaker 11: the value of sport. I mean, I think Spark sport

1532
01:13:40,760 --> 01:13:43,880
Speaker 11: is a pretty salient example of how hard it is

1533
01:13:44,680 --> 01:13:48,720
Speaker 11: in a market the size of New Zealand's market. So

1534
01:13:49,240 --> 01:13:52,880
Speaker 11: my thought about TVNZ is that they're a phenomenal free

1535
01:13:52,920 --> 01:13:53,559
Speaker 11: towear player.

1536
01:13:54,000 --> 01:13:55,400
Speaker 27: They have the biggest free.

1537
01:13:55,160 --> 01:13:59,080
Speaker 11: To wear reach in the country. That's why we partner

1538
01:13:59,120 --> 01:14:02,160
Speaker 11: with them on net all and we partner with them

1539
01:14:02,640 --> 01:14:07,160
Speaker 11: with some grassroots rugby with New Zealand Rugby, so that

1540
01:14:07,360 --> 01:14:10,720
Speaker 11: is their superpower. But equally, I understand if they want

1541
01:14:10,720 --> 01:14:14,880
Speaker 11: to have a look at the PTV landscape. I understand why.

1542
01:14:14,920 --> 01:14:17,439
Speaker 11: But that's obviously a conversation for them direct Heather, Yeah,

1543
01:14:17,520 --> 01:14:17,960
Speaker 11: rather than me.

1544
01:14:18,280 --> 01:14:22,040
Speaker 3: Okay, now, Sophie, have you watched Feud with Tom Hollander

1545
01:14:22,120 --> 01:14:23,200
Speaker 3: as Truman Capoti?

1546
01:14:24,320 --> 01:14:24,639
Speaker 21: Nothing?

1547
01:14:24,720 --> 01:14:26,120
Speaker 4: I have, not, mate, should I?

1548
01:14:26,240 --> 01:14:28,240
Speaker 3: That is some of the best content you've got on

1549
01:14:28,320 --> 01:14:30,920
Speaker 3: me on is so good. Let me just take Okay,

1550
01:14:30,960 --> 01:14:34,040
Speaker 3: just listen to this. Tom Hollander as Truman Capoti. He's

1551
01:14:34,080 --> 01:14:35,519
Speaker 3: the guy from White Lotus by the way, the one

1552
01:14:35,520 --> 01:14:37,599
Speaker 3: who's the gay uncle who's not actually the gay uncle.

1553
01:14:38,280 --> 01:14:41,840
Speaker 3: Naomi Watts, Demi Moore and Diane Lane. What a cast?

1554
01:14:42,640 --> 01:14:43,240
Speaker 5: What a cast?

1555
01:14:43,360 --> 01:14:45,200
Speaker 11: Well, I've got three more for you on me on

1556
01:14:45,479 --> 01:14:49,040
Speaker 11: you ready yep, I'm ready. So from the BBC the

1557
01:14:49,160 --> 01:14:55,439
Speaker 11: Jesse Awesome. That's crime drama, very good, Girls on the bus,

1558
01:14:55,560 --> 01:14:59,040
Speaker 11: it's super fun set in the context of the US election.

1559
01:14:59,400 --> 01:15:01,200
Speaker 11: Three different unless I think you.

1560
01:15:01,160 --> 01:15:01,760
Speaker 27: All love it.

1561
01:15:01,960 --> 01:15:02,519
Speaker 3: Oh, I like that.

1562
01:15:02,800 --> 01:15:05,080
Speaker 11: And the other one is Modern Love, which is these

1563
01:15:05,120 --> 01:15:08,840
Speaker 11: lovely stories that have been yet lital thirty minute episodes,

1564
01:15:09,600 --> 01:15:11,120
Speaker 11: which I highly highly recommend.

1565
01:15:11,160 --> 01:15:11,800
Speaker 3: What's that about.

1566
01:15:13,360 --> 01:15:15,120
Speaker 27: It's just little stories.

1567
01:15:14,800 --> 01:15:17,439
Speaker 11: Have been written into The New York Times and they've

1568
01:15:17,479 --> 01:15:20,640
Speaker 11: turned them into these Like many drivers, they're stars and

1569
01:15:20,720 --> 01:15:21,679
Speaker 11: one super good.

1570
01:15:21,760 --> 01:15:23,960
Speaker 3: Oh that doesn't really good hate. Sophie, thank you very much.

1571
01:15:24,040 --> 01:15:26,800
Speaker 3: Always appreciate it. Now, now you've got my viewing sorted.

1572
01:15:26,880 --> 01:15:28,599
Speaker 3: I'm not going to have to talk to anybody for ages,

1573
01:15:28,840 --> 01:15:31,920
Speaker 3: Sophie Maloney, Sky TV's chief executive. Jene tib Traine's next

1574
01:15:31,960 --> 01:15:32,799
Speaker 3: sixteen pass.

1575
01:15:32,520 --> 01:15:36,880
Speaker 1: Six crunching the numbers and getting the results. It's Heather

1576
01:15:37,000 --> 01:15:40,599
Speaker 1: Dupice Ellen with the Business Hours thanks to my HR,

1577
01:15:40,840 --> 01:15:44,400
Speaker 1: the HR platform for SME on news talksb.

1578
01:15:45,280 --> 01:15:47,000
Speaker 3: Right with me right now, by the way, it's nineteen

1579
01:15:47,000 --> 01:15:49,160
Speaker 3: pass six with me right now. We've got Jane tib Traney,

1580
01:15:49,200 --> 01:15:52,400
Speaker 3: The Herald's Wellington Business editor. Hello, Jane.

1581
01:15:53,080 --> 01:15:54,680
Speaker 27: Hey, Heather, Now have you seen the.

1582
01:15:54,680 --> 01:15:57,360
Speaker 3: Proposed changes to the deposit compost scheme in the banking

1583
01:15:57,400 --> 01:15:59,479
Speaker 3: study I have.

1584
01:16:00,160 --> 01:16:05,280
Speaker 27: So the Commics Commission, one of its findings recommendations to

1585
01:16:05,320 --> 01:16:09,360
Speaker 27: improve competition in the banking sector is for Nikola Willis

1586
01:16:09,439 --> 01:16:14,320
Speaker 27: to put more emphasis on competition than financial stability when

1587
01:16:14,360 --> 01:16:18,080
Speaker 27: she decides how this new deposit compensation scheme is going

1588
01:16:18,080 --> 01:16:20,640
Speaker 27: to be funded. So for people listening, this is a

1589
01:16:20,680 --> 01:16:23,840
Speaker 27: scheme that will take effect mid next year. It means

1590
01:16:23,880 --> 01:16:27,000
Speaker 27: that if your deposit taker, your bank, your credit union collapses,

1591
01:16:27,360 --> 01:16:29,120
Speaker 27: you'll get up to one hundred thousand dollars of your

1592
01:16:29,160 --> 01:16:31,800
Speaker 27: money back at the moment. If it collapses, you might

1593
01:16:31,800 --> 01:16:35,680
Speaker 27: get nothing back. So the thorny issue with this is

1594
01:16:35,680 --> 01:16:37,960
Speaker 27: is that it's going to be funded by deposit takers

1595
01:16:38,000 --> 01:16:42,920
Speaker 27: paying levies into a fund. The Comments Commission reckons the

1596
01:16:42,960 --> 01:16:47,000
Speaker 27: levee should be flat. The Reserve Bank reckons the levee

1597
01:16:47,040 --> 01:16:50,679
Speaker 27: should be risk based, so you know, risky finance company

1598
01:16:50,720 --> 01:16:54,280
Speaker 27: should pay more than a low risk bank. Nicola Willis

1599
01:16:54,280 --> 01:16:57,280
Speaker 27: needs to decide which way she's going to go, so

1600
01:16:57,479 --> 01:17:00,320
Speaker 27: bit of a test coming up for nicol Us.

1601
01:17:00,320 --> 01:17:02,719
Speaker 3: There is the thinking here that if it's risk based,

1602
01:17:02,920 --> 01:17:04,840
Speaker 3: you are not going to put your money into the

1603
01:17:04,880 --> 01:17:07,360
Speaker 3: risky stuff because it's going to cost your money. But

1604
01:17:07,400 --> 01:17:10,360
Speaker 3: if it's flat, it just increases competition because it doesn't

1605
01:17:10,360 --> 01:17:11,720
Speaker 3: matter where you put it, you're paying the same.

1606
01:17:13,080 --> 01:17:13,320
Speaker 5: Yeah.

1607
01:17:13,320 --> 01:17:17,360
Speaker 27: Look, the thing is is that if the small players,

1608
01:17:17,400 --> 01:17:20,439
Speaker 27: like the finance companies, they are risky. They are saying

1609
01:17:20,479 --> 01:17:23,160
Speaker 27: they don't want to pay higher levees into this fund

1610
01:17:23,280 --> 01:17:26,559
Speaker 27: to reflect the risk because they'll hit their bottom lines.

1611
01:17:26,600 --> 01:17:29,719
Speaker 27: It will hit their profitability. So they're saying, look, government,

1612
01:17:29,760 --> 01:17:32,360
Speaker 27: if you really care about competition and if you want

1613
01:17:32,600 --> 01:17:35,800
Speaker 27: to support us to compete with the big banks, then

1614
01:17:35,920 --> 01:17:39,200
Speaker 27: don't make the levees risk based. But the Reserve Bank

1615
01:17:39,320 --> 01:17:42,560
Speaker 27: is saying, well, look, everything in the financial system is

1616
01:17:42,640 --> 01:17:44,720
Speaker 27: risk based. I mean, like the pricing of risk is

1617
01:17:44,720 --> 01:17:48,000
Speaker 27: at the very heart of how the finance system works,

1618
01:17:48,320 --> 01:17:51,959
Speaker 27: and it's important because you know, it incentivizes good behavior

1619
01:17:52,200 --> 01:17:56,680
Speaker 27: and avoids the creation of a moral hazard. So two

1620
01:17:56,840 --> 01:17:59,640
Speaker 27: quite different schools of thought there. And I know it

1621
01:17:59,680 --> 01:18:03,160
Speaker 27: sounds rather technical, but everyone knows that if your bank,

1622
01:18:03,200 --> 01:18:06,280
Speaker 27: call your finance company or whatever, if they charged higher

1623
01:18:06,360 --> 01:18:09,519
Speaker 27: levies to support this new insurance scheme, that comes back

1624
01:18:09,560 --> 01:18:13,760
Speaker 27: on us as consumers. So the way the government divides

1625
01:18:13,840 --> 01:18:18,200
Speaker 27: the cost of that scheme, you know, it's just something

1626
01:18:18,360 --> 01:18:22,360
Speaker 27: that is quite significant and will show you know how

1627
01:18:22,439 --> 01:18:26,120
Speaker 27: much it puts away on competition versus on financial stability.

1628
01:18:26,040 --> 01:18:27,760
Speaker 3: And it's really interesting how there's heaps in there, you know.

1629
01:18:27,800 --> 01:18:30,920
Speaker 3: Thanks so much, Gnative trainee. The Herald's are Wellington Business editor.

1630
01:18:31,080 --> 01:18:31,200
Speaker 23: Hey.

1631
01:18:31,200 --> 01:18:34,000
Speaker 3: They founder buyer for Layby Laba has been in receivership

1632
01:18:34,000 --> 01:18:37,679
Speaker 3: since June. It's an AI powered Swedish company called Klarma,

1633
01:18:38,160 --> 01:18:40,920
Speaker 3: which is described as a payments network and shopping assistant

1634
01:18:41,479 --> 01:18:44,680
Speaker 3: and they are planning on lay By having what they

1635
01:18:44,760 --> 01:18:48,599
Speaker 3: call a re energized return to business in this country.

1636
01:18:49,240 --> 01:18:53,599
Speaker 4: Six two crunching the numbers and getting the results. It's

1637
01:18:53,640 --> 01:18:56,320
Speaker 4: Heather dup sea Ellen with the Business.

1638
01:18:55,880 --> 01:19:00,639
Speaker 1: Hour thanks to my HR, the HR platform for smeal'd

1639
01:19:00,720 --> 01:19:01,719
Speaker 1: be Yeah.

1640
01:19:01,520 --> 01:19:04,000
Speaker 3: The years ago I got salmonella from KFC and yes

1641
01:19:04,080 --> 01:19:06,800
Speaker 3: it is absolutely a notifiable disease and back then the

1642
01:19:06,800 --> 01:19:09,000
Speaker 3: Health Department went and did an inspection of their premises.

1643
01:19:09,040 --> 01:19:10,720
Speaker 3: I think this was about to happen here anyway, Jill,

1644
01:19:10,840 --> 01:19:12,439
Speaker 3: thank you for that. I've got I'm still going to

1645
01:19:12,439 --> 01:19:15,240
Speaker 3: tell you all about the rest of the yarn right now,

1646
01:19:15,280 --> 01:19:17,439
Speaker 3: it's coming up twenty five pass six now. Fletcher Building

1647
01:19:17,439 --> 01:19:20,400
Speaker 3: today announced a two hundred and twenty seven million dollar

1648
01:19:20,520 --> 01:19:24,240
Speaker 3: net loss after tax. Not going well. It's already warning

1649
01:19:24,280 --> 01:19:26,960
Speaker 3: of a challenging year ahead. Sam Trathuiz from Milford Assett

1650
01:19:26,960 --> 01:19:30,360
Speaker 3: Management OSAM good evening. Either did the company's performance meet

1651
01:19:30,400 --> 01:19:31,800
Speaker 3: the investor expectations or not?

1652
01:19:32,560 --> 01:19:35,080
Speaker 28: I think it would be fair to say investor expectations

1653
01:19:35,120 --> 01:19:38,240
Speaker 28: were not at all high going to the result, given

1654
01:19:38,320 --> 01:19:41,400
Speaker 28: what has been going on in the economy and also

1655
01:19:41,479 --> 01:19:45,000
Speaker 28: within fletcher itself. So look, the headline numbers reported were weak.

1656
01:19:46,120 --> 01:19:48,760
Speaker 28: If you strip down the business and look at the

1657
01:19:48,760 --> 01:19:51,680
Speaker 28: core profitability, looking at earnings before interest, tax and all

1658
01:19:51,720 --> 01:19:54,040
Speaker 28: the big one offs that are going on within Fletcher's,

1659
01:19:54,040 --> 01:19:57,000
Speaker 28: it was just above five hundred million, So that's down

1660
01:19:57,080 --> 01:20:00,439
Speaker 28: nearly three hundred million on the prior year. And there

1661
01:20:00,439 --> 01:20:02,479
Speaker 28: were a few new big one offs in there, one

1662
01:20:02,560 --> 01:20:05,639
Speaker 28: hundred million dollar impairment against the Higgins running business, but

1663
01:20:05,720 --> 01:20:08,879
Speaker 28: fortunately no new issues arising from some of those legacy

1664
01:20:08,920 --> 01:20:12,479
Speaker 28: construction projects. I think the outlook was probably the key

1665
01:20:12,600 --> 01:20:15,080
Speaker 28: area of interest and the reasons that shares the share

1666
01:20:15,120 --> 01:20:19,360
Speaker 28: price of Fletcher's did trade lower today initially, so they

1667
01:20:19,400 --> 01:20:22,479
Speaker 28: indicated that they are planning for volumes in the year

1668
01:20:22,479 --> 01:20:25,080
Speaker 28: ahead to be down ten to fifteen percent across their

1669
01:20:25,120 --> 01:20:28,439
Speaker 28: materials and distribution businesses. That's getting worse on last year,

1670
01:20:29,080 --> 01:20:33,080
Speaker 28: essentially signaling that the weakness there is more weakness to come,

1671
01:20:33,439 --> 01:20:35,720
Speaker 28: there's more earnings pressure in the year ahead.

1672
01:20:36,280 --> 01:20:38,920
Speaker 3: Do you think Fletcher's management is just being conservative here

1673
01:20:39,040 --> 01:20:41,479
Speaker 3: or do you reckon they are being realistic about what's

1674
01:20:41,520 --> 01:20:41,920
Speaker 3: going on.

1675
01:20:43,120 --> 01:20:47,080
Speaker 28: Often when there is significant management change in listed companies,

1676
01:20:47,120 --> 01:20:49,080
Speaker 28: it's pretty common to see a clearing of the decks.

1677
01:20:49,080 --> 01:20:53,680
Speaker 28: So essentially a reset of investorings expectations or very conservative

1678
01:20:54,320 --> 01:20:57,480
Speaker 28: guidance statement or outlook statement going forward that is really achievable.

1679
01:20:57,960 --> 01:21:00,000
Speaker 28: But in this case, I think it is a realty

1680
01:21:00,240 --> 01:21:05,680
Speaker 28: you rather than that conservative statement. Ficture's CFO Bevin McKenzie

1681
01:21:05,680 --> 01:21:08,800
Speaker 28: indicated that they really are seeing those volume declients at

1682
01:21:08,800 --> 01:21:11,439
Speaker 28: present over the last month or so compared to last

1683
01:21:11,520 --> 01:21:13,960
Speaker 28: year of that ten to fifteen percent range, and its

1684
01:21:13,960 --> 01:21:17,640
Speaker 28: products at the earlier stage of the building cycle, so

1685
01:21:17,920 --> 01:21:21,440
Speaker 28: rather than those finishing trades. So the challenge for investors

1686
01:21:21,600 --> 01:21:24,320
Speaker 28: the market is to think about how that could change.

1687
01:21:25,080 --> 01:21:26,960
Speaker 28: Is that say like that all year, and the key

1688
01:21:26,960 --> 01:21:31,120
Speaker 28: there really being what impact will the OCR cuts, the

1689
01:21:31,120 --> 01:21:33,519
Speaker 28: interest rate cuts from the arbens you'd have on the business,

1690
01:21:33,560 --> 01:21:36,880
Speaker 28: on the residential market, the construction market, and how quickly

1691
01:21:37,400 --> 01:21:38,160
Speaker 28: will that come through?

1692
01:21:38,200 --> 01:21:39,800
Speaker 2: Heather Sam the.

1693
01:21:39,720 --> 01:21:43,120
Speaker 3: New CEO incoming, obviously not there yet, Andrew reading, what

1694
01:21:43,160 --> 01:21:44,840
Speaker 3: do you expect his priorities are going to be?

1695
01:21:46,120 --> 01:21:49,400
Speaker 28: Look for Andrew, he was actually part of Fletcher's old

1696
01:21:49,439 --> 01:21:52,040
Speaker 28: Guard you call back in the early two thousands before

1697
01:21:52,160 --> 01:21:55,160
Speaker 28: doing some time at Graham Heart's Rant Group. He knows

1698
01:21:55,160 --> 01:21:58,240
Speaker 28: the business, but I think initially there's a decent list

1699
01:21:58,280 --> 01:22:01,160
Speaker 28: of issues still requiring a big fit and it came

1700
01:22:01,200 --> 01:22:03,800
Speaker 28: through pretty pretty clearly today that at the top of

1701
01:22:03,840 --> 01:22:07,240
Speaker 28: that list will be the balance sheet or the debt

1702
01:22:07,280 --> 01:22:11,639
Speaker 28: that they have, and the company has received several waivers

1703
01:22:11,320 --> 01:22:14,320
Speaker 28: on its banking covenants and spending is being pulled back,

1704
01:22:14,360 --> 01:22:16,920
Speaker 28: but it's very much at the top end of where

1705
01:22:16,920 --> 01:22:19,000
Speaker 28: they would like it to be. So they're thinking about

1706
01:22:19,040 --> 01:22:22,599
Speaker 28: what business units can be sold or perhaps capital taken

1707
01:22:22,600 --> 01:22:25,760
Speaker 28: out of. Maybe something like the Fletcher Living Home to

1708
01:22:25,840 --> 01:22:29,040
Speaker 28: Building division could be one that is sort of prime

1709
01:22:29,120 --> 01:22:31,360
Speaker 28: for that opportunity. So that's Number one issue for him.

1710
01:22:31,760 --> 01:22:34,479
Speaker 28: Number two is probably sorting out IDEX pipes. So the

1711
01:22:34,520 --> 01:22:38,160
Speaker 28: faulty pipes over in Western Australia that they are facing

1712
01:22:38,200 --> 01:22:40,840
Speaker 28: a few problems with, so plenty for him to fix

1713
01:22:41,400 --> 01:22:44,559
Speaker 28: before he can really get onto thinking about growing and

1714
01:22:44,600 --> 01:22:46,280
Speaker 28: returning the business to what it will used to be.

1715
01:22:46,479 --> 01:22:48,439
Speaker 3: So right, Hey, Sam, thank you very much appreciated mate.

1716
01:22:48,439 --> 01:22:51,519
Speaker 3: As always, Sam Trathu we have Milford Asset Management. Great

1717
01:22:51,520 --> 01:22:53,120
Speaker 3: news for you. If you're looking at the mortgage rates,

1718
01:22:53,160 --> 01:22:54,720
Speaker 3: kei we Bank is cut again. I think this is

1719
01:22:54,720 --> 01:22:57,400
Speaker 3: the second time in two weeks. Home loan deposit rate.

1720
01:22:57,479 --> 01:23:00,519
Speaker 3: Sorry about the deposit rates. Home loans yeay one special

1721
01:23:00,560 --> 01:23:04,559
Speaker 3: rate down thirty basis points, one year standard rate down

1722
01:23:04,600 --> 01:23:07,759
Speaker 3: thirty basis points, two year rate down thirty five basis points.

1723
01:23:07,760 --> 01:23:10,120
Speaker 3: How good is that? It's just carrying on Headline's.

1724
01:23:09,760 --> 01:23:17,360
Speaker 1: Next, whether it's macro, MicroB or just plain economics.

1725
01:23:17,400 --> 01:23:20,440
Speaker 4: It's all on the Business Hour with Heather Duplicy.

1726
01:23:20,120 --> 01:23:25,000
Speaker 1: Allen and my HR, the HR platform for sme us talksip.

1727
01:23:25,360 --> 01:23:29,360
Speaker 16: Cool sor calls in time you thirty meter stage in

1728
01:23:29,520 --> 01:23:34,360
Speaker 16: the song rule, Strange words come on out of the

1729
01:23:34,360 --> 01:23:36,640
Speaker 16: corn man's mouthfulness minds.

1730
01:23:38,640 --> 01:23:41,000
Speaker 3: Like Kevin Gray has listening with us out of the UK.

1731
01:23:41,240 --> 01:23:43,160
Speaker 3: In about ten minutes time, I Sho's got an update

1732
01:23:43,160 --> 01:23:46,799
Speaker 3: for us on how that search and what recovery operation

1733
01:23:46,880 --> 01:23:49,879
Speaker 3: probably now off the coast of Sicily is going. Duval

1734
01:23:50,120 --> 01:23:53,360
Speaker 3: saga has just taken quite a little twist here now.

1735
01:23:53,640 --> 01:23:57,960
Speaker 3: The government has placed all seventy companies associated with Duval

1736
01:23:58,040 --> 01:24:02,000
Speaker 3: Group into statutory management. You know who I'm talking about right,

1737
01:24:02,080 --> 01:24:04,640
Speaker 3: This is Kenyan Clark and his wife and the are

1738
01:24:04,680 --> 01:24:06,800
Speaker 3: the ones every time you see a picture of them,

1739
01:24:07,080 --> 01:24:10,680
Speaker 3: they're sitting in their luxury. I don't know whether they

1740
01:24:10,720 --> 01:24:12,519
Speaker 3: owned it or just rented it to look like ballers

1741
01:24:12,560 --> 01:24:13,840
Speaker 3: or what was going on there, but you know the

1742
01:24:14,080 --> 01:24:16,559
Speaker 3: old private jet, the OLDPJ as you like to call it,

1743
01:24:16,920 --> 01:24:18,800
Speaker 3: if you got one of them's, or if you roll

1744
01:24:18,840 --> 01:24:21,439
Speaker 3: around in that world, you're sitting on your PJ. And

1745
01:24:21,600 --> 01:24:24,600
Speaker 3: these are the ones who've done the TV show the

1746
01:24:24,640 --> 01:24:27,639
Speaker 3: investors that frankly actually I want to watch now anyway.

1747
01:24:27,920 --> 01:24:30,880
Speaker 3: Andrew Bailey, the minister who's done this is by placing

1748
01:24:30,920 --> 01:24:35,320
Speaker 3: Duval into statutory management, all current insolvency processes are suspended.

1749
01:24:35,680 --> 01:24:37,800
Speaker 3: All the affairs will be dealt with by one team

1750
01:24:37,800 --> 01:24:42,439
Speaker 3: of people rather than multiple insolvency processes unfolding simultaneously. He

1751
01:24:42,560 --> 01:24:45,439
Speaker 3: says the Dvolse situation is complex and it's of such

1752
01:24:45,439 --> 01:24:48,960
Speaker 3: a scale that immediate intervention is needed to prevent more harm.

1753
01:24:49,280 --> 01:24:51,519
Speaker 3: He's called it an option of last resort to deal

1754
01:24:51,520 --> 01:24:55,800
Speaker 3: with complex corporate failure where ordinary insolvency law is inadequate,

1755
01:24:55,840 --> 01:24:58,679
Speaker 3: and it's intended to protect investors and creditors from further losses.

1756
01:24:58,680 --> 01:25:00,920
Speaker 3: I would say take from this that this is a

1757
01:25:01,000 --> 01:25:03,880
Speaker 3: big deal for him to be doing this. F YI,

1758
01:25:04,479 --> 01:25:09,040
Speaker 3: interesting little sidebit on this. Kenyan Clark, the bloke, the

1759
01:25:09,080 --> 01:25:13,920
Speaker 3: bloke of the Deval bloke has mum Jenny used to

1760
01:25:13,960 --> 01:25:15,000
Speaker 3: go out with my dad.

1761
01:25:15,439 --> 01:25:16,680
Speaker 23: Hey, how about that?

1762
01:25:17,160 --> 01:25:18,800
Speaker 3: So that's how I know what I mean. I don't

1763
01:25:18,840 --> 01:25:20,880
Speaker 3: know Kenyan. I Reckon. I've met him. He's like, he's

1764
01:25:20,920 --> 01:25:24,240
Speaker 3: quite a bit older than me. So I was like,

1765
01:25:24,240 --> 01:25:26,080
Speaker 3: like twelve or thirteen years old. Nobody wants to hang

1766
01:25:26,080 --> 01:25:27,639
Speaker 3: out with a twelve or thirteen year old girl when

1767
01:25:27,640 --> 01:25:30,000
Speaker 3: you're twenty one, twenty two or whatever he was. But yeah,

1768
01:25:30,040 --> 01:25:33,200
Speaker 3: so he's basically like, can I say, once upon a

1769
01:25:33,240 --> 01:25:35,680
Speaker 3: time was potentially going to be my stepbrother, but then

1770
01:25:36,320 --> 01:25:39,519
Speaker 3: wasn't anymore? Because that's how my dad rolled twenty two away.

1771
01:25:39,320 --> 01:25:41,360
Speaker 4: From seven Heller duper see Allen.

1772
01:25:41,640 --> 01:25:44,560
Speaker 3: Three academics say solar panels, not gas imports of the

1773
01:25:44,560 --> 01:25:46,800
Speaker 3: way we need to solve our current power crisis. Energy

1774
01:25:46,800 --> 01:25:50,560
Speaker 3: Minister Simeon Brown is looking at importing liquid natural gas

1775
01:25:50,600 --> 01:25:52,760
Speaker 3: to generate more power and bring the spot price down

1776
01:25:52,760 --> 01:25:54,599
Speaker 3: from the you know, the crazy level it is at

1777
01:25:54,600 --> 01:25:57,240
Speaker 3: the moment. But these academics reconnectually he'd be better off

1778
01:25:57,280 --> 01:26:00,920
Speaker 3: investing in more rooftop solar panels throughout New Zealand instead.

1779
01:26:00,920 --> 01:26:03,960
Speaker 3: Associate Professor Steve Poletti from the University of Auckland is

1780
01:26:04,000 --> 01:26:07,000
Speaker 3: one of these academics and with us now, hey Steve, hi,

1781
01:26:07,080 --> 01:26:08,840
Speaker 3: how are you very well? Thank you? So how much

1782
01:26:08,840 --> 01:26:10,759
Speaker 3: do you reckon he'd have to chuck into the investment

1783
01:26:10,760 --> 01:26:12,280
Speaker 3: for the solar panels to make this work?

1784
01:26:13,439 --> 01:26:16,840
Speaker 29: Well, I reckon if we followed the Australian example, about

1785
01:26:16,880 --> 01:26:20,120
Speaker 29: four thousand dollars per five colo what unit, that'll be

1786
01:26:20,120 --> 01:26:23,160
Speaker 29: about three hundred million dollars a year, and that would

1787
01:26:23,200 --> 01:26:27,439
Speaker 29: give us an extra two percent for supply, and that

1788
01:26:27,520 --> 01:26:30,320
Speaker 29: means that the lake levels would be that much higher.

1789
01:26:30,320 --> 01:26:33,639
Speaker 29: In fact, if all that two percent went into reduction

1790
01:26:33,760 --> 01:26:37,880
Speaker 29: of hydro generation, the lake levels would be double what

1791
01:26:37,960 --> 01:26:40,240
Speaker 29: they are today, just.

1792
01:26:40,200 --> 01:26:43,320
Speaker 3: Three hundred million a year. Yeah, for how many years?

1793
01:26:45,080 --> 01:26:47,479
Speaker 29: So we just keep doing it. I mean in Australia

1794
01:26:47,520 --> 01:26:51,719
Speaker 29: they've got ten percent of their power is from solar PV.

1795
01:26:52,479 --> 01:26:56,160
Speaker 29: It's really cheap. I mean, it comes into very well,

1796
01:26:56,240 --> 01:26:58,240
Speaker 29: it comes in a price of zero into the market.

1797
01:26:58,720 --> 01:27:03,719
Speaker 29: Increasing that supply reduce bills for consumers dramatically over time,

1798
01:27:04,360 --> 01:27:07,439
Speaker 29: and it means that we don't have to see these

1799
01:27:07,520 --> 01:27:09,160
Speaker 29: kind of crisis situations occur.

1800
01:27:09,400 --> 01:27:15,400
Speaker 3: And how does that compare to the cost of importing LNG. Well,

1801
01:27:15,600 --> 01:27:18,280
Speaker 3: because I'm guessing Steve, that that's revenue neutral. That's going

1802
01:27:18,320 --> 01:27:20,280
Speaker 3: to be neutral for the government. Right, they're going to

1803
01:27:20,280 --> 01:27:23,519
Speaker 3: I'm assuming they will import the LNG and then they

1804
01:27:23,520 --> 01:27:25,400
Speaker 3: will sell it so they don't actually end up with

1805
01:27:25,439 --> 01:27:26,240
Speaker 3: the cost.

1806
01:27:27,400 --> 01:27:32,040
Speaker 29: Well, that's a good question. There's a talk about maybe

1807
01:27:32,040 --> 01:27:35,560
Speaker 29: one hundred million with a two to three year timetable.

1808
01:27:35,760 --> 01:27:37,760
Speaker 3: Is that to build a terminal, build a.

1809
01:27:37,760 --> 01:27:39,519
Speaker 29: Term table and then the cost of gas, so the

1810
01:27:39,520 --> 01:27:43,479
Speaker 29: important gas is going to be very expensive and it's

1811
01:27:43,520 --> 01:27:46,280
Speaker 29: not going to increase supply. Right, You've got some gas

1812
01:27:46,320 --> 01:27:49,080
Speaker 29: plants that will be able to have a bit more

1813
01:27:49,120 --> 01:27:51,519
Speaker 29: security of supply. But you've got to remember that the

1814
01:27:52,320 --> 01:27:56,920
Speaker 29: gen companies are retiring their gas assets. Contact's going to

1815
01:27:56,960 --> 01:27:58,960
Speaker 29: get rid of their biggest gas plant in the next

1816
01:27:59,000 --> 01:28:02,000
Speaker 29: year or two. Genesis is going to use biofuels to

1817
01:28:02,000 --> 01:28:04,840
Speaker 29: power their gas plants. So it just seems crazy. The

1818
01:28:04,840 --> 01:28:08,000
Speaker 29: whole thing seems crazy when you've got a brilliant solution,

1819
01:28:08,080 --> 01:28:11,200
Speaker 29: which is cheap solar power. Countries around the world are

1820
01:28:11,200 --> 01:28:14,160
Speaker 29: doing that. I mean, Germany, for goodness sake, has got

1821
01:28:15,040 --> 01:28:17,679
Speaker 29: very poor solar resources. You know, we're seventy percent better.

1822
01:28:18,240 --> 01:28:20,240
Speaker 29: They have ten percent of their power from solar.

1823
01:28:20,560 --> 01:28:23,120
Speaker 3: So if the government was to help me buy my

1824
01:28:23,200 --> 01:28:25,200
Speaker 3: solar panels, how much would I have to top it

1825
01:28:25,240 --> 01:28:27,280
Speaker 3: up in order to get a workable kit up there?

1826
01:28:28,680 --> 01:28:33,000
Speaker 29: So about ten thousand dollars And that's the thing. Of

1827
01:28:33,040 --> 01:28:36,600
Speaker 29: course we're getting this extra supio electricity. The government pays some,

1828
01:28:37,320 --> 01:28:40,000
Speaker 29: but of course the people who install it they pay

1829
01:28:40,040 --> 01:28:43,599
Speaker 29: most of it. Yeah, and I guess.

1830
01:28:43,400 --> 01:28:45,400
Speaker 3: You're like, I mean, is it going to last me

1831
01:28:45,439 --> 01:28:46,640
Speaker 3: a while? Am I going to be able to put

1832
01:28:46,680 --> 01:28:48,479
Speaker 3: in some batteries? Is the battery good?

1833
01:28:49,560 --> 01:28:53,240
Speaker 29: So yeah, we've just put in a solar battery system.

1834
01:28:53,400 --> 01:28:58,200
Speaker 29: But batteries are great the test of power and you

1835
01:28:58,360 --> 01:29:01,880
Speaker 29: recover your investment even now without any subsidies in ten

1836
01:29:01,960 --> 01:29:05,679
Speaker 29: years or so. But of course subsidies would really drive

1837
01:29:05,800 --> 01:29:08,040
Speaker 29: uptake dramatic and we know that from Australia.

1838
01:29:08,160 --> 01:29:09,880
Speaker 3: Steve, how much did you how much did you pay

1839
01:29:09,880 --> 01:29:10,519
Speaker 3: for your batteries?

1840
01:29:12,240 --> 01:29:14,479
Speaker 29: The battery was about fifteen thousand?

1841
01:29:14,920 --> 01:29:17,639
Speaker 3: Oh yeah, and how long can you run the house

1842
01:29:17,640 --> 01:29:18,400
Speaker 3: off that battery?

1843
01:29:20,600 --> 01:29:23,720
Speaker 29: So in summer it does that system? We can do

1844
01:29:23,800 --> 01:29:27,799
Speaker 29: everything in winter we need some imports from the grid

1845
01:29:27,880 --> 01:29:28,320
Speaker 29: for sure.

1846
01:29:28,400 --> 01:29:30,400
Speaker 3: Oh really, So you run the whole house off or

1847
01:29:30,439 --> 01:29:32,760
Speaker 3: just off your little solar kit there over summer. You

1848
01:29:32,760 --> 01:29:34,040
Speaker 3: don't need to pay for anything.

1849
01:29:33,800 --> 01:29:37,240
Speaker 29: In summer and that includes charging the EV as well. Wow,

1850
01:29:38,160 --> 01:29:41,080
Speaker 29: so that's free. You run the EV half for free.

1851
01:29:41,520 --> 01:29:44,640
Speaker 3: How long Steve, is it going to take you to

1852
01:29:44,760 --> 01:29:47,920
Speaker 3: make to basically justify this through power bills?

1853
01:29:47,920 --> 01:29:53,519
Speaker 29: You're not paying so ten fifteen years, but if you

1854
01:29:53,520 --> 01:29:56,320
Speaker 29: put the subsidy in it would be five years or so.

1855
01:29:56,560 --> 01:29:58,479
Speaker 3: The problem with the subsidy, and I hear you, I

1856
01:29:58,479 --> 01:30:01,519
Speaker 3: mean the solar panel thing if if you're smart, makes sense, right,

1857
01:30:01,520 --> 01:30:02,880
Speaker 3: But the problem with the subsidy is We're going to

1858
01:30:02,880 --> 01:30:05,280
Speaker 3: get back into the tessela situation, aren't we where it's

1859
01:30:05,280 --> 01:30:07,799
Speaker 3: going to be poor people who are helping Chris Luxon

1860
01:30:08,320 --> 01:30:11,800
Speaker 3: subsidize the solar panel on his roof because he's a

1861
01:30:11,840 --> 01:30:13,439
Speaker 3: rich guy and can pay ten thousand dollars.

1862
01:30:14,600 --> 01:30:18,000
Speaker 29: Well that's yeah, but he's paying ten thousand dollars for

1863
01:30:18,000 --> 01:30:20,840
Speaker 29: a start. But the other thing is that the benefits

1864
01:30:20,840 --> 01:30:24,840
Speaker 29: for all of us will be no crisis like this. Yeah,

1865
01:30:24,880 --> 01:30:28,200
Speaker 29: and cheap power prices. And I just have to say

1866
01:30:28,439 --> 01:30:31,559
Speaker 29: call out to those gent tailors. They're making a killing

1867
01:30:31,600 --> 01:30:34,640
Speaker 29: at the moment. They've booked half a billion dollars in

1868
01:30:34,720 --> 01:30:38,519
Speaker 29: wholesale offit over the last six weeks. So that's part

1869
01:30:38,520 --> 01:30:39,320
Speaker 29: of the problem right now.

1870
01:30:39,800 --> 01:30:39,960
Speaker 5: You know.

1871
01:30:40,000 --> 01:30:41,760
Speaker 3: You know, normally when you do a shout out, it's

1872
01:30:41,800 --> 01:30:43,800
Speaker 3: like a good thing, Steve, you like shout out for

1873
01:30:44,640 --> 01:30:46,280
Speaker 3: how good you are. I don't feel like that's what

1874
01:30:46,280 --> 01:30:47,000
Speaker 3: you're doing, is there.

1875
01:30:47,120 --> 01:30:49,360
Speaker 29: No, No, it's not a good thing at all. It's

1876
01:30:49,400 --> 01:30:49,920
Speaker 29: a bad thing.

1877
01:30:50,000 --> 01:30:50,439
Speaker 5: Yeah, hear.

1878
01:30:50,520 --> 01:30:50,680
Speaker 10: Yeah.

1879
01:30:50,920 --> 01:30:53,679
Speaker 29: Part of the problem is that they haven't invested as well.

1880
01:30:53,680 --> 01:30:54,880
Speaker 29: That's a big part of the problem.

1881
01:30:54,920 --> 01:30:55,120
Speaker 5: Yeah.

1882
01:30:55,200 --> 01:30:57,200
Speaker 3: Here, yeah, Steve, listen, thanks so much. I really appreciate

1883
01:30:57,240 --> 01:30:59,640
Speaker 3: his interesting idea Steve Pelsi, who's the Associate professor of

1884
01:30:59,800 --> 01:31:03,160
Speaker 3: Energy economics at Auckland University. Gavin Gray's next sixteen Away

1885
01:31:03,160 --> 01:31:03,880
Speaker 3: from seven.

1886
01:31:04,120 --> 01:31:07,799
Speaker 1: Everything from SMEs to the big corporates of a Business

1887
01:31:07,800 --> 01:31:11,040
Speaker 1: Hour with Heather duple c Allen and my HR, the

1888
01:31:11,240 --> 01:31:13,120
Speaker 1: HR platform for sme US.

1889
01:31:13,080 --> 01:31:15,200
Speaker 4: Talks, they'd be here.

1890
01:31:15,240 --> 01:31:18,559
Speaker 3: The hobby is a spark in and stores pool heating

1891
01:31:18,640 --> 01:31:20,479
Speaker 3: solar and it's all bs because by the time you

1892
01:31:20,520 --> 01:31:23,160
Speaker 3: pay off the solar panel, the solar panels lifetime is over.

1893
01:31:23,439 --> 01:31:25,320
Speaker 3: That stands to reason, because I might feel like my

1894
01:31:25,360 --> 01:31:27,000
Speaker 3: brother said the same thing about the batteries. He put

1895
01:31:27,040 --> 01:31:28,759
Speaker 3: the solar in, but he didn't go for the batteries

1896
01:31:28,800 --> 01:31:32,080
Speaker 3: because he realized that the lifetime of the batteries didn't

1897
01:31:32,160 --> 01:31:34,360
Speaker 3: justify it. That it is just the technology wasn't there yet.

1898
01:31:34,400 --> 01:31:37,280
Speaker 3: So I'm prepared to believe that actually thirteen away from

1899
01:31:37,320 --> 01:31:42,720
Speaker 3: seven Gavin Gray, our UK correspondent, is with me right now. Hey, Gavin, Hi, Hey,

1900
01:31:43,479 --> 01:31:46,080
Speaker 3: I mean there is some talk that maybe there are

1901
01:31:46,120 --> 01:31:48,439
Speaker 3: people on that boat in air pockets, but it really

1902
01:31:48,439 --> 01:31:50,920
Speaker 3: feels like it feels like a long shot, doesn't.

1903
01:31:50,680 --> 01:31:52,920
Speaker 24: It a very long shot?

1904
01:31:52,920 --> 01:31:53,120
Speaker 23: Now?

1905
01:31:53,240 --> 01:31:56,479
Speaker 24: Yeah, day three of the search. The divers set off

1906
01:31:56,479 --> 01:31:59,120
Speaker 24: a bound an hour and a half ago now, but

1907
01:32:00,400 --> 01:32:02,720
Speaker 24: it is looking very very unlikely. I think this is

1908
01:32:02,760 --> 01:32:05,840
Speaker 24: more a recovery than a rescue mission. Sadly, at the

1909
01:32:05,880 --> 01:32:10,839
Speaker 24: moment we do now know that it is believed anyway

1910
01:32:10,880 --> 01:32:14,920
Speaker 24: that the identity of the dead man who was found

1911
01:32:15,280 --> 01:32:21,120
Speaker 24: was the Canadian antiague in National Chef called Ricaldo Thomas,

1912
01:32:21,560 --> 01:32:25,120
Speaker 24: one of twenty two on board. Many rescued, but those

1913
01:32:25,160 --> 01:32:29,519
Speaker 24: sixth film missing, including the man dubbed the British Mike

1914
01:32:30,640 --> 01:32:35,000
Speaker 24: British Mike Lynch. He is dubbed as the Bill Gates

1915
01:32:35,080 --> 01:32:39,200
Speaker 24: of Britain, a tech tycoon worth billions of pounds, his

1916
01:32:39,320 --> 01:32:43,640
Speaker 24: eighteen year old daughter, and plus the international chair of

1917
01:32:43,880 --> 01:32:47,080
Speaker 24: Morgan Stanley, Jonathan Bloomer and his wife. So there are

1918
01:32:47,080 --> 01:32:49,960
Speaker 24: some very prominent names on board. It's being reported, Heather

1919
01:32:50,280 --> 01:32:53,479
Speaker 24: that actually they were all on board to celebrate the

1920
01:32:53,640 --> 01:32:56,960
Speaker 24: win that Mike Lynch had had in a recent court case,

1921
01:32:57,360 --> 01:33:00,960
Speaker 24: and obviously tragedy befell them. There was some sort of

1922
01:33:01,000 --> 01:33:04,400
Speaker 24: an amazing weather event on the coast of Sicily.

1923
01:33:05,000 --> 01:33:06,599
Speaker 3: Kevin, have you got your hands on any of these

1924
01:33:06,640 --> 01:33:09,360
Speaker 3: one pound coins with Charles's face on them.

1925
01:33:09,880 --> 01:33:12,000
Speaker 24: No, not yet, but I'm quite killing to do so.

1926
01:33:12,000 --> 01:33:15,360
Speaker 24: So yeah. The one pound coins worth roughly to twenty

1927
01:33:15,400 --> 01:33:18,320
Speaker 24: two New Zealand dollars and twenty featuring King Charles the

1928
01:33:18,400 --> 01:33:22,280
Speaker 24: thirdering circulation. Three million of them have now been issued.

1929
01:33:22,760 --> 01:33:25,160
Speaker 24: They of course mark the King's new reign, but also

1930
01:33:25,439 --> 01:33:28,840
Speaker 24: on the flip side, the tail side, his love of

1931
01:33:28,880 --> 01:33:33,000
Speaker 24: the natural world. It features a couple of bees on there,

1932
01:33:33,800 --> 01:33:37,000
Speaker 24: and they are going to continue, of course with the

1933
01:33:37,760 --> 01:33:42,559
Speaker 24: Queen Elizabeth the second coins, but they are some twenty

1934
01:33:42,760 --> 01:33:46,680
Speaker 24: nine billion coins in circulation in the UK, so it

1935
01:33:46,760 --> 01:33:49,080
Speaker 24: will be quite a fascinating thing to get your hands

1936
01:33:49,080 --> 01:33:51,360
Speaker 24: on the first one with King Charles on. The new

1937
01:33:51,360 --> 01:33:54,439
Speaker 24: designs were revealed back in October. The tail side of

1938
01:33:54,520 --> 01:33:58,080
Speaker 24: each coin will feature the country's flora and fauna. Animals

1939
01:33:58,200 --> 01:34:01,439
Speaker 24: ranging from the red squirrel to kappa Keayley grouse also

1940
01:34:01,520 --> 01:34:05,320
Speaker 24: depicted to show the importance and precariousness of the natural world,

1941
01:34:05,560 --> 01:34:06,120
Speaker 24: something we know.

1942
01:34:06,240 --> 01:34:09,479
Speaker 3: King Charles is very The bees are really cool, gvin.

1943
01:34:10,200 --> 01:34:12,160
Speaker 3: But how does he feel about his profile?

1944
01:34:14,479 --> 01:34:17,400
Speaker 24: Well, yeah, I must say it does seem to age

1945
01:34:17,439 --> 01:34:19,120
Speaker 24: him a little bit, yea, if he were saying it's

1946
01:34:19,160 --> 01:34:22,519
Speaker 24: not terribly good. But let's not forget he has approved this,

1947
01:34:23,920 --> 01:34:26,000
Speaker 24: and perhaps we used to seeing the Queen in her

1948
01:34:26,080 --> 01:34:28,880
Speaker 24: earlier images rather than some of the later ones. On

1949
01:34:28,920 --> 01:34:30,519
Speaker 24: the cost, but yeah, you're right, I would have said

1950
01:34:30,520 --> 01:34:31,799
Speaker 24: it's overwhelmingly positive.

1951
01:34:32,840 --> 01:34:33,840
Speaker 3: Kevin. Thank you very much.

1952
01:34:33,840 --> 01:34:34,040
Speaker 5: Mate.

1953
01:34:34,040 --> 01:34:35,120
Speaker 3: We'll talk to you in a couple of days. Look

1954
01:34:35,120 --> 01:34:37,280
Speaker 3: after yourself, Kevin Gray are UK correspondent. What I would

1955
01:34:37,320 --> 01:34:40,320
Speaker 3: say is Charles has got his mother's gels and look

1956
01:34:40,400 --> 01:34:42,760
Speaker 3: most of us do, let's be honest, but it is

1957
01:34:42,840 --> 01:34:46,479
Speaker 3: quite prominent in this particular profile. Hither I've lost power

1958
01:34:46,520 --> 01:34:48,800
Speaker 3: and tighter. Can you find out what's happening? Please? Could

1959
01:34:48,760 --> 01:34:50,160
Speaker 3: tell you right now. You didn't put the solar on,

1960
01:34:50,400 --> 01:34:52,320
Speaker 3: so that's why it's cut out. Hither I paid for

1961
01:34:52,360 --> 01:34:54,759
Speaker 3: my own solar power. I object strongly to the government

1962
01:34:54,840 --> 01:34:57,120
Speaker 3: thinking about spending any of my texts giving it away

1963
01:34:57,120 --> 01:34:58,960
Speaker 3: to other people to put solar power on the houses.

1964
01:34:59,080 --> 01:35:00,760
Speaker 3: People should pay for their o own solar power. The

1965
01:35:00,800 --> 01:35:03,040
Speaker 3: government should not pay us cent. I totally agree. I

1966
01:35:03,080 --> 01:35:05,280
Speaker 3: totally agree. Same as you should buy your own tesla

1967
01:35:05,400 --> 01:35:08,519
Speaker 3: if a's what you're into by your own tesla, I

1968
01:35:08,520 --> 01:35:10,240
Speaker 3: don't want to help you buy your Tesler, because I don't.

1969
01:35:10,320 --> 01:35:12,680
Speaker 3: I'm too tight to buy myself at Tesla, and so

1970
01:35:12,840 --> 01:35:16,120
Speaker 3: what goes anyway, I've got a text to you saying hither,

1971
01:35:16,200 --> 01:35:18,040
Speaker 3: I don't think that unless I missed it, I don't

1972
01:35:18,040 --> 01:35:20,320
Speaker 3: think you've given much coverage to the Prime Minister's speech

1973
01:35:20,600 --> 01:35:24,000
Speaker 3: to the Local Government conference in Wellington. Well here we go.

1974
01:35:24,280 --> 01:35:27,000
Speaker 3: Chris Luxeon's taken a swipe at the council's right when

1975
01:35:27,040 --> 01:35:28,840
Speaker 3: he turned up them up there. He told them it's

1976
01:35:28,880 --> 01:35:30,799
Speaker 3: time to stop wasting money on stupid stuff.

1977
01:35:31,040 --> 01:35:33,320
Speaker 19: But let me be blunt, what they don't expect to

1978
01:35:33,320 --> 01:35:36,400
Speaker 19: pay for is a laundry list of distractions and experiments

1979
01:35:36,439 --> 01:35:39,120
Speaker 19: that are plaguing council balance sheets across the country.

1980
01:35:39,360 --> 01:35:42,599
Speaker 3: Preach, he says, it's the what the government is doing

1981
01:35:42,680 --> 01:35:45,160
Speaker 3: is it's trying to alleviate cost pressures on kiwis and

1982
01:35:45,200 --> 01:35:47,080
Speaker 3: it's time for councils to step up and do the same.

1983
01:35:47,160 --> 01:35:50,400
Speaker 3: And I was reflecting on this today because as she

1984
01:35:50,439 --> 01:35:52,639
Speaker 3: went down to Wellington at the weekend and I walked

1985
01:35:52,640 --> 01:35:54,320
Speaker 3: around there and I just went, jeez, I'm glad I

1986
01:35:54,320 --> 01:35:57,120
Speaker 3: don't live here with Tory Farno's spending habits, and I

1987
01:35:57,160 --> 01:35:59,680
Speaker 3: am glad. I live in Auckland where the rates increases

1988
01:35:59,720 --> 01:36:03,200
Speaker 3: are much more manageable because Wayne Brown is tightfisted and

1989
01:36:03,240 --> 01:36:07,400
Speaker 3: I just feel like, maybe if they stop spending so much,

1990
01:36:07,479 --> 01:36:10,040
Speaker 3: just be a little bit more Scottish in your approach,

1991
01:36:10,240 --> 01:36:11,680
Speaker 3: just for the what just well, we've got a cost

1992
01:36:11,720 --> 01:36:14,600
Speaker 3: of living crisis, not forever, just for now might go

1993
01:36:14,680 --> 01:36:15,360
Speaker 3: down well.

1994
01:36:15,720 --> 01:36:19,639
Speaker 1: Whether it's macro microbe or just plain economics. It's all

1995
01:36:19,680 --> 01:36:23,320
Speaker 1: on the Business Hour with Heather Duplicy Allen and my HR,

1996
01:36:23,680 --> 01:36:26,120
Speaker 1: the HR platform for sme US talks it.

1997
01:36:26,240 --> 01:36:30,360
Speaker 3: Be hither the government, if they took a long range view,

1998
01:36:30,400 --> 01:36:32,799
Speaker 3: could actually just put solar panels on all domestic rooftops

1999
01:36:32,840 --> 01:36:34,880
Speaker 3: and pay for it by having all power generated by

2000
01:36:34,880 --> 01:36:37,919
Speaker 3: the solar panels during off peak times for each household

2001
01:36:37,960 --> 01:36:39,360
Speaker 3: drawn off and then put them to the national grid.

2002
01:36:39,400 --> 01:36:41,120
Speaker 3: I mean, that's a smart way of doing it, isn't it.

2003
01:36:41,280 --> 01:36:43,760
Speaker 3: Just pay for it for everybody and make money off it. Anyway, Listen,

2004
01:36:43,840 --> 01:36:46,120
Speaker 3: So as I was telling you, okay, so I reported

2005
01:36:46,120 --> 01:36:47,960
Speaker 3: the fact that my two friends got the old one.

2006
01:36:48,720 --> 01:36:51,439
Speaker 3: What I think is the we don't know for sure

2007
01:36:51,439 --> 01:36:53,759
Speaker 3: that it was the oysters that made them sick. In Wellington,

2008
01:36:53,840 --> 01:36:55,760
Speaker 3: and this, And how I know that we don't know

2009
01:36:56,080 --> 01:36:58,640
Speaker 3: this for sure is because I have now fielded a

2010
01:36:58,800 --> 01:37:02,919
Speaker 3: number of phone calls from the public health officer. These people,

2011
01:37:03,400 --> 01:37:05,759
Speaker 3: when you report something like this, which you are supposed

2012
01:37:05,800 --> 01:37:09,000
Speaker 3: to do, these people are thorough like really really. They

2013
01:37:09,040 --> 01:37:10,920
Speaker 3: don't just go oh yeah, okay, you got sack. Great call,

2014
01:37:10,960 --> 01:37:12,880
Speaker 3: and then they filed away, kind of like the cops

2015
01:37:12,880 --> 01:37:16,439
Speaker 3: with a burglary. They actually investigated. So they wanted to

2016
01:37:16,479 --> 01:37:19,240
Speaker 3: know all my friends details, which fortunately they're great friends.

2017
01:37:19,280 --> 01:37:20,560
Speaker 3: I knew all of their birth dates and all that

2018
01:37:20,640 --> 01:37:23,480
Speaker 3: kind of creepy stuff like that. Gave that all to them.

2019
01:37:23,760 --> 01:37:26,320
Speaker 3: And then they wanted to know what we ate. How

2020
01:37:26,360 --> 01:37:28,479
Speaker 3: many times the girls who got sick had seen each

2021
01:37:28,520 --> 01:37:31,040
Speaker 3: other in the recent weeks. We determined they hadn't seen

2022
01:37:31,080 --> 01:37:33,720
Speaker 3: each other in months, therefore that it's not something contagious,

2023
01:37:33,720 --> 01:37:35,960
Speaker 3: it is something that they ate. So then they wanted

2024
01:37:36,000 --> 01:37:37,920
Speaker 3: to know what did we eat at the restaurants. I

2025
01:37:37,960 --> 01:37:40,360
Speaker 3: had to remember everybody's meals and stuff. Fortunately I had

2026
01:37:40,400 --> 01:37:44,719
Speaker 3: eaten because I am a glutton. I'd eaten everybody's food

2027
01:37:44,880 --> 01:37:46,840
Speaker 3: like I was like, and yours and yours and yours

2028
01:37:46,840 --> 01:37:49,880
Speaker 3: and yours and mine. But I didn't eat the oysters,

2029
01:37:50,439 --> 01:37:53,240
Speaker 3: so that eliminated everything else that we ate. Then we

2030
01:37:53,280 --> 01:37:54,640
Speaker 3: went to breakfast the next day and I had to

2031
01:37:54,640 --> 01:37:56,840
Speaker 3: remember everything that we ate there as well, and I'd

2032
01:37:56,840 --> 01:37:58,479
Speaker 3: done the same thing and eat and everybody's food, so

2033
01:37:58,520 --> 01:38:01,160
Speaker 3: that ilimitate and eliminated all that. I wasn't sick. They

2034
01:38:01,160 --> 01:38:03,840
Speaker 3: were so thorough about it. Then they sent the girls

2035
01:38:03,880 --> 01:38:06,559
Speaker 3: pooh sample kits because now they want them to poo

2036
01:38:06,600 --> 01:38:08,280
Speaker 3: in the containers and send that off to the lab.

2037
01:38:08,320 --> 01:38:09,639
Speaker 3: One of the girls has done it, the other one

2038
01:38:09,640 --> 01:38:14,360
Speaker 3: struggling because everything has come out, so there's nothing left

2039
01:38:14,360 --> 01:38:17,120
Speaker 3: in her body to be giving as examples. But anyway,

2040
01:38:17,240 --> 01:38:18,960
Speaker 3: so that then they called me today and they were like,

2041
01:38:19,040 --> 01:38:22,040
Speaker 3: we really need the girls to send the poo samples

2042
01:38:22,120 --> 01:38:24,519
Speaker 3: and anyway. So it sounds like what they are going

2043
01:38:24,560 --> 01:38:26,320
Speaker 3: to do on the strength of this, this is not just

2044
01:38:26,360 --> 01:38:29,800
Speaker 3: for you know, shits and goggles, yes, pun intended, it's

2045
01:38:29,800 --> 01:38:32,320
Speaker 3: not for that. What it is for is that they

2046
01:38:32,320 --> 01:38:34,160
Speaker 3: are going to now get in contact with the restaurant.

2047
01:38:34,160 --> 01:38:36,639
Speaker 3: They're going to do an inspection. They're going to find

2048
01:38:36,680 --> 01:38:38,559
Speaker 3: out what it was that made the girls sick, and

2049
01:38:38,600 --> 01:38:41,160
Speaker 3: if it was the oysters, presumably They're then going to

2050
01:38:41,200 --> 01:38:43,680
Speaker 3: trace back through the food supply and go to the

2051
01:38:43,720 --> 01:38:46,040
Speaker 3: supplier and find out if it was just the oysters

2052
01:38:46,040 --> 01:38:48,360
Speaker 3: that this restaurant had or if it's a bigger problem,

2053
01:38:48,360 --> 01:38:50,080
Speaker 3: because you don't want people to be eating these things

2054
01:38:50,120 --> 01:38:52,120
Speaker 3: and making people like it's okay for these girls to

2055
01:38:52,160 --> 01:38:54,439
Speaker 3: get sick because they're healthy, but what if it's an

2056
01:38:54,479 --> 01:38:56,960
Speaker 3: old person or a pregnant person or something like that.

2057
01:38:57,040 --> 01:39:00,200
Speaker 3: So anyway, all I'm trying to say is number one,

2058
01:39:00,439 --> 01:39:02,600
Speaker 3: these people are great at their jobs. Number two, you

2059
01:39:02,720 --> 01:39:05,320
Speaker 3: have to report it. In number three, I've done your favor.

2060
01:39:05,400 --> 01:39:07,479
Speaker 3: I'm a hero. Welcome share.

2061
01:39:07,520 --> 01:39:08,960
Speaker 14: We can't get them onto the gangs as well. These

2062
01:39:08,960 --> 01:39:11,759
Speaker 14: people there, if these guys were in the police force,

2063
01:39:13,400 --> 01:39:15,599
Speaker 14: Duchies by shape Shifter to play us out tonight. Shape

2064
01:39:15,600 --> 01:39:17,800
Speaker 14: Shifter has been announced as part of the lineup for

2065
01:39:17,920 --> 01:39:20,160
Speaker 14: Rhythm and Alps, which will be happening in Wanaco over

2066
01:39:20,160 --> 01:39:22,280
Speaker 14: the new year. It'll be their twenty fifth anniversary, so

2067
01:39:22,320 --> 01:39:25,280
Speaker 14: resumaly some sort of special twenty fifth anniversary show. Other

2068
01:39:25,320 --> 01:39:28,439
Speaker 14: people who'll be there Becky Hill, Andy c Badger, Bad Graders,

2069
01:39:28,439 --> 01:39:31,439
Speaker 14: Big Twisty, Cassie Henderson, Charlotte Blank and Sir Dave Dobbin's

2070
01:39:31,439 --> 01:39:32,400
Speaker 14: going to be at that one as well.

2071
01:39:32,560 --> 01:39:35,320
Speaker 3: Thank god you mentioned a real human being at the end,

2072
01:39:35,360 --> 01:39:37,240
Speaker 3: because I was like, you're making them up again, aren't you.

2073
01:39:37,720 --> 01:39:39,880
Speaker 14: I didn't make any up. I still haven't made any up.

2074
01:39:40,040 --> 01:39:43,400
Speaker 3: Okay, at least we know Dave's real anyway, and thank you.

2075
01:39:43,600 --> 01:39:59,760
Speaker 3: Enjoy your evening, See you tomorrow.

2076
01:40:04,880 --> 01:40:06,800
Speaker 4: Welcome to the Rhyme.

2077
01:40:14,120 --> 01:40:17,280
Speaker 1: For more from Hither Duplessy, Allen Drive, listen live to

2078
01:40:17,360 --> 01:40:20,400
Speaker 1: news talks it'd be from four pm weekdays, or follow

2079
01:40:20,439 --> 01:40:22,200
Speaker 1: the podcast on iHeartRadio.