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Speaker 1: Your source of breaking news, challenging opinion and honors facts,

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Speaker 1: the Mike Hosking Breakfast with Bailey's Real Estate, finding the

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Speaker 1: buyers others cut use Tom's ed.

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Speaker 2: B of them today, Adreenora's ARTI's warnings Key resavers to

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Speaker 2: buckle up now, the trumpet is let loose on the

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Speaker 2: tower off scrap and the Education ministraw new classrooms and

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Speaker 2: slipping pass rates. Shef Peter Gordon with an insight into

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Speaker 2: whither our hospital scene really is on its knees. Joe's

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Speaker 2: in Rome. Of course at the Vatican, Rod does the mighty.

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Speaker 3: UK for us as well, pasking.

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Speaker 2: Well, let's rip into this Thursday, seven past six. The

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Speaker 2: fact Adrienora's leaving is of course excellent. It shows a

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Speaker 2: level of accountability and responsibility for what has been a

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Speaker 2: ruinous period for the New Zealand economy. The receipts and

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Speaker 2: reviews are in the story is stark. We've been hit

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Speaker 2: harder than any other country in the OECD. We had

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Speaker 2: three recessions. Most countries, as a result of their COVID

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Speaker 2: plan had none. Grant Robinson carries some of the blame,

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Speaker 2: of course, he does one encouraging and endorsing all but

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Speaker 2: two more dangerously reappointing him so close to the last election.

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Speaker 2: The new govern that could have should have Sackedor, although

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Speaker 2: that would have said a fairly disturbing precedent given the

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Speaker 2: governor is supposed to be neutral. Or made the governor's

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Speaker 2: job though a household fascination. Yes, Don Brash got well known,

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Speaker 2: but really only when he went political the others came

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Speaker 2: and went, I mean Allan Bollard. I might have interviewed

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Speaker 2: him a couple of times over the year. Spencer Russell.

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Speaker 2: In fact, before Spencer Russell, who you also have never

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Speaker 2: heard of, the job was called the chief cashier. Russell

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Speaker 2: was your first governor. Anyway, The upside of COVID and

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Speaker 2: AWE was we at last took an interest, didn't we

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Speaker 2: We had a view, We knew about cash rates and

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Speaker 2: inflation and quantitative easing, but we learned the hard way.

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Speaker 2: We paid an enormous price. In fact, were still paying

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Speaker 2: the price. Or has years to run on his contract,

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Speaker 2: and clearly the pressure was on the government's currently negotiating

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Speaker 2: a budget with the bank, and I assumed they were

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Speaker 2: twisting arms hard behind the scenes. The bank staffing numbers,

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Speaker 2: by the way, a balloon or has come across, of course,

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Speaker 2: as haughty and arrogant, unable to really express any level

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Speaker 2: of regret if in fact he has any at all,

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Speaker 2: for the damage he's done. Giving banks money for free

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Speaker 2: and not putting restrictions on where that money went was

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Speaker 2: the height of incompetency. Still handing out money when we

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Speaker 2: all knew that a lot of what we thought would

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Speaker 2: happen during COVID didn't. That was a scandal. The onerous

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Speaker 2: banking restrictions he placed on the retailers with us just

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Speaker 2: in case thinking was needlessly restrictive. The conclusion has to

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Speaker 2: be that although everyone flew blind during COVID, no one

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Speaker 2: flew more blind than us. No one was led by

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Speaker 2: a more ideologically driven fiscal ransacker than Adrian or.

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Speaker 3: News of the world in ninety second.

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Speaker 2: Developments warwise, what can I tell you in Europe is

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Speaker 2: still evolving fairly quickly as we speak. A US intelligence,

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Speaker 2: of course, has been paused.

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Speaker 4: Anything that would allow Ukraine to target sites or individuals

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Speaker 4: within Russia, which they have been doing very accurately, would

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Speaker 4: not be shared any further.

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Speaker 2: Ah, But that of course is a ploy to get

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Speaker 2: Zelenski to back down and oh, I don't know, Maybe

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Speaker 2: write a letter.

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Speaker 5: Nobody wants peace more than the Ukrainians, he said. My

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Speaker 5: team and I and ready to work under President Trump's

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Speaker 5: strong leadership to get a peace that lasts.

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Speaker 6: Now.

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Speaker 2: The CII he's happy with what seems to be happening.

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Speaker 7: President Zelenski put out a statement saying, I'm ready for

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Speaker 7: peace and I want Donald Trump's leadership to bring about

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Speaker 7: that piece. And so I think on the military front

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Speaker 7: and the intelligence front, the pause that allowed that to happen,

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Speaker 7: I think will go away.

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Speaker 2: M BRIT's busy and the Commons agreeing with each other

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Speaker 2: over the need for the ongoing US and boldmint in

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Speaker 2: all of this.

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Speaker 8: Does he agree with me that without this country's greatest ally,

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Speaker 8: any peace agreement would place a terrible burden on Britain

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Speaker 8: and our tax pays.

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Speaker 9: Well, I agree with her wholeheartedly, and that's why we

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Speaker 9: must not choose between the US.

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Speaker 2: And You're very aligned. The Russians watching on with interest.

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Speaker 10: For now, the Ukrainian president is still legally prohibited from

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Speaker 10: negotiating with the Russian side.

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Speaker 3: Overall, the approach is positive. The details have not changed yet.

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Speaker 2: Back in Britain, the Bank of England boss who has

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Speaker 2: been in front of the Treasury Committee pondering out loud

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Speaker 2: about all the people at home on welfare doing nothing.

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Speaker 11: We've got a bigger population, but we've got the same

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Speaker 11: outputs and activity. Now, the only way you can sort

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Speaker 11: of square those two things sort of arithmatically is productivity

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Speaker 11: was weaker and in fact last year we had negative

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Speaker 11: productivity growth on the air, it sort of leaves you wondering,

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Speaker 11: what's really going on here, am Shale?

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Speaker 2: Isn't he supposed to know? Finally, fIF has announced that

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Speaker 2: for the first time, next year's World Cup, which is

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Speaker 2: being hosted by the state's Mexico and Canada, is going

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Speaker 2: to have a halftime show. How super bold are the

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Speaker 2: admitted Ryal state, but halftime in football those only well,

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Speaker 2: it can't be any longer than fifteen minutes. Are They're

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Speaker 2: going to need to change that. They're going to be

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Speaker 2: working with the advocacy network Global Citizen as well as

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Speaker 2: Coldplay to put all that together. So that is news

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Speaker 2: of the world in ninety one. Other words, I'm speaking

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Speaker 2: of Adrian or as so many New Zealanders have left

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Speaker 2: the country is of course they see brighter, better days

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Speaker 2: in Australia. Are there brighter better days in Australia? Turns

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Speaker 2: out yes, because we got their growth number and you'll

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Speaker 2: make the word growth more at a moment. Twelve past six.

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

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Speaker 1: It by News Talk.

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Speaker 2: SEP China Watch Annual Parliamentary meeting is underway. They've set

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Speaker 2: their GDP target for the year at a round quote

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Speaker 2: unquote a round five percent four percent deficit. They're also

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Speaker 2: moving on that raised the budget deficit target to a

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Speaker 2: round four percent from three percent. That's a lot higher

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Speaker 2: since twenty twenty. That's China Watch for you. Fifteen past

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Speaker 2: second back here from JMI Will Andrew Teller her good morning, Yeah,

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Speaker 2: very good money, Mike, What do you make of it?

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Speaker 8: Well, that was unexpected twist of the week yesterday, wasn't it?

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Speaker 8: In the middle of a global trade termil which could

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Speaker 8: have global economic ramifications. The Reserve Bank obviously governor announced

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Speaker 8: his retirement yesterday, as you've been talking about. I would say, Mike,

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Speaker 8: quite unusual for financial markets to be blindsided like this.

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Speaker 8: I mentioned often the fact that financial markets crave certainty,

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Speaker 8: and there's plenty of uncertainty around at the moment, So

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Speaker 8: this is not an ideal event that from that perspective,

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Speaker 8: Is it fair to say there's a dearth of sort

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Speaker 8: of commentary comment from the institution itself around this. I

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Speaker 8: think that's fair, Mike. I would say we can only

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Speaker 8: speculate on the actual motivation behind what is quite a

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Speaker 8: sudden departure, and I think the only person that can shed,

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Speaker 8: you know, the brightest light on that is the Governor,

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Speaker 8: as seem to be its governed himself, so I think

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Speaker 8: you would need to speak to him to find that out.

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Speaker 8: We do know that there are current negotiations on that

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Speaker 8: five year funding that the Reserve Bank gets from the government.

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Speaker 8: In the statement that was put out yesday, there was

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Speaker 8: the comment that there is much work to do on

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Speaker 8: major multi year strategies the rbnzet is following and the

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Speaker 8: ongoing focus and funding will be critical to these projects' success.

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Speaker 8: So you can read into that what you will. We

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Speaker 8: know the RBNZ is quite a bit bigger and has

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Speaker 8: become a lot bigger under governor Or, and you can't

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Speaker 8: see why the Reserve Bank of New Zealand would be

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Speaker 8: immune from the government focus on spending restraint.

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Speaker 12: Could you.

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Speaker 8: Let's talk about the implications for financial markets. You know,

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Speaker 8: in a perfect world, the succession issue I think would

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Speaker 8: be managed quite differently without this sort of abrupt change.

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Speaker 8: Governor Or has obviously been a pretty central and influential figure.

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Speaker 2: I've been doing this since.

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Speaker 8: The late eighties, Mike, and I would say that the

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Speaker 8: governor or is probably the most polarizing character I think

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Speaker 8: that they've had, and he does have strong views, but look,

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Speaker 8: he is part of a team environment Mike. So the

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Speaker 8: Monetary Policy committee is a committee. Albeit we don't know

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Speaker 8: unless you sit in that committee how much influence Governor

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Speaker 8: will had. I would make the comment that Deputy Governor

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Speaker 8: Christian Hawksby is a key part of that monetary policy.

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Speaker 8: Those monetary policy conversations Hawksby has experienced, He's eminently sensible.

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Speaker 8: I assume there will be continuity of thinking. The market

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Speaker 8: will have to get comfortable with that, and the previously

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Speaker 8: assumed ohcar track is still relevant. There's no reason, Mike

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Speaker 8: to believe that won't be the case. No real market

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Speaker 8: reaction on the day. Let's remember always I think that

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Speaker 8: the role should be and that's the key point, should

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Speaker 8: be independent of the government. We look forward to the

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Speaker 8: new appointment.

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Speaker 2: Though, really yeah, exactly, and they tend to go outside

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Speaker 2: in as opposed to inside, and.

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Speaker 8: You would have thought that will be the case this time.

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Speaker 2: Exactly.

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Speaker 13: We did a little bit of.

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Speaker 2: Life in Australia as they right for the big cyclone.

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Speaker 2: Of course, it's an okay number, certainly better than anything

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Speaker 2: we produce.

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Speaker 8: Yeah, that's right, I mean, governor, governors of the Reserve Bank. Aside,

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Speaker 8: the wheels of commerce and business keep turning. We look

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Speaker 8: forward to the release of our fourth quarter GDP.

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Speaker 12: On the twentieth of March.

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Speaker 8: Yesterday, Australia released their fourth quarter GDP, printed at zero

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Speaker 8: point six percent of the quarter, following a zero point

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Speaker 8: three gain in the third quarter. That result was in

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Speaker 8: line with market expectations on a per capita basis, because

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Speaker 8: we like looking at that as well. Zero point one

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Speaker 8: percent gain. So actually in the positive territory. That's the

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Speaker 8: first per capita quarterly increase since the final quarter of

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Speaker 8: twenty twenty two, annual growth sitting at one point three.

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Speaker 8: You know, the lucky country has become accustomed to sort

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Speaker 8: of consistently positive levels of growth, So there was much

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Speaker 8: consternation if you remember that zero point three print because

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Speaker 8: it was quite close to zero, so they've bounced back.

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Speaker 8: Contributions to growth are broad based, public spending, household consumption,

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Speaker 8: net exports. They will added up to that zero point

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Speaker 8: six pent outcome. You can see evidence of recovery in

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Speaker 8: the consumer sector. And one of the key differences might

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Speaker 8: between the two economies at the moment is government and

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Speaker 8: public spending in Australia is sort of high and rising,

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Speaker 8: whereas the opposite is the case here.

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Speaker 2: Okay, what are the numbers?

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Speaker 8: Yeah, so right, we have US markets have been bouncing

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Speaker 8: around the last few minutes. They've sort of gone back

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Speaker 8: into just into positive territory, well not all of them.

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Speaker 8: The Dow Jones is up one hundred and thirty seven

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Speaker 8: pointser point three percent, forty two thousand, six hundred and

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Speaker 8: fifty eight, the S and P five hundred down five

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Speaker 8: points five seven seven two, and then NASAQ has just

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Speaker 8: just ticked up into positive territory, up twenty eight points

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Speaker 8: zero point one five percent eighteen thousand, three hundred and

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Speaker 8: twelve Overnight, fort C one hundred lost three points, the

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Speaker 8: NICK was up eighty seven. That's about a quarter of percent.

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Speaker 8: Three seven, four and eight. Shanghai composite three three four two.

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Speaker 8: It was up just over half a percent. The Aussi's

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Speaker 8: yesterday lost point sixty nine percent eight one four one.

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Speaker 8: Then's the next fifty lost fifty eight points point four

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Speaker 8: six percent twelve thousand, four hundred and twelve and now

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Speaker 8: currency's Kiwi dollar quite a bit stronger of night. US

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Speaker 8: dollar has weakened off point five to seven O five

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Speaker 8: against the US point nine zero four four OSSI point

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Speaker 8: five two nine sixty euro point four four three five

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Speaker 8: against the pound eighty four point a five Japanese yen.

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Speaker 8: Gold is still still hanging in the two thousand, nine

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Speaker 8: hundred twenty six dollars. But the big story overnight make oil.

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Speaker 8: You know we spoke yesterday, I said it's sitting on

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Speaker 8: support levels. Well it's just crashed straight through those. So

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Speaker 8: break through to the moment sixty eight dollars and forty

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Speaker 8: three cents. Yes, So clearly concerns about growth around the world,

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Speaker 8: and particularly US growth feeding into that all price you.

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Speaker 2: Know, and commentator you'll be up to that. They're talking

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Speaker 2: stagflation in America.

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Speaker 8: Yes, that's that is a key issue for us to

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Speaker 8: keep an eye on. But at data overnight actually leans

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Speaker 8: against that some services data that came in a bit

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Speaker 8: better than expected. But that is a moving feast, all.

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Speaker 2: Right, and that's why we have you on the Big Money.

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Speaker 2: My friend Andrew lat Jmiwealth dot co dot m z

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Speaker 2: scati dass seems to be a thing at the moment

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Speaker 2: at the expense of Nike. So nineteen percent increase in revenue.

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Speaker 2: This is for the fourth quarter operating profit of fifty

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Speaker 2: seven million. This is in euros because they're a European company,

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Speaker 2: of course, growth and marketshare in North America against a

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Speaker 2: weak Nike. People are off Nike forecast for the year

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Speaker 2: high single digit growth rates, operating profit upwards of one

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Speaker 2: point seven billion euros for twenty five. We're quote unquote

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Speaker 2: and very good good shape, and they finally managed to

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Speaker 2: unload the last of the yeasy so they'll be feeling

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Speaker 2: pretty good about themselves. Sex twenty one. Here at Newstalks EDBO.

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

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Speaker 1: by News Talks EDB.

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Speaker 2: Here's a flavor Mike of Adrian Or was dismissed from

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Speaker 2: his position mid contract. He would receive a compensation payment

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Speaker 2: as he's broken his contract. He should be paying compensation back. Well,

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Speaker 2: he can't pay compensation back the money he hasn't got.

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Speaker 2: He's not getting any money. I think essentially he's just

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Speaker 2: packed a mass of sad because he's a tempestuous sort

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Speaker 2: of person and he's stormed out. Basically, Mike Adrian basically

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Speaker 2: made it nearly impossible for our children to get into

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Speaker 2: first times without help from parents, keeping the rates low

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Speaker 2: after COVID far too long. Good riddance. There'll be much

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Speaker 2: more on this after seven o'clock, of course, six twenty five.

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Speaker 1: Trending now with chemist Wells keeping Kiwi's healthy all year round.

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Speaker 2: Richie's having a crack at the telly the talent behind.

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Speaker 2: If you don't know the name the gentleman lockstock and

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Speaker 2: barrel to smoking guns, He's got a new shot. It's

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Speaker 2: called Blamed. It's organized crime drama, Spury Guy Ritchie. It's

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Speaker 2: about the Harrigan family as they control the underworld and

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Speaker 2: modern day London.

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Speaker 6: Names Conrad Harrigan family man and if you cross my family,

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Speaker 6: well you'd better.

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Speaker 2: Pray to introduce man.

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Speaker 6: We shake the right hands, break the wrong ones.

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Speaker 3: I think we have a situation.

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Speaker 6: We don't ask, we take, and when someone forgets their place.

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Speaker 6: You've got a man from that form themselves. So are

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Speaker 6: you with us or are you against us? Power is

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Speaker 6: a hungry thing and there's always a rat bastard looking

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Speaker 6: to take what's mine.

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Speaker 2: Is simpathy for the devil the base rolling Stone song? Ever?

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Speaker 2: Is that the nice used song in trailer's for movies either?

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Speaker 2: And that's because it's the best song ever, I think

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Speaker 2: at the end of the day. Got introduced Old Jagad

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Speaker 2: to the Oscars the other day that Pierce Brosnan crime

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Speaker 2: boss Tom Hardy is the Facxir Helen Mirram Brosna's wife

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Speaker 2: paramount plus which means you can't see it. So all

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Speaker 2: I've done is just get right up your nose already

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Speaker 2: this morning.

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Speaker 14: Go.

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Speaker 2: We don't have paramount plus here a lot of paramount plus.

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Speaker 2: The stuff does end up on Neon, who've just put

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Speaker 2: me prices up, So you'll need to work out whether

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Speaker 2: you want to pay the money, Mike, let's not forget

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Speaker 2: or was the arrogant fool that I'm getting into office

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Speaker 2: immediately declared the bank the mighty Tanne in the forest,

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Speaker 2: along with a load of other Mari crap. If you

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Speaker 2: want to little exercise and understanding how the Reserve Bank works,

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Speaker 2: have a look at their executive team, go to their website,

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Speaker 2: have a look at the executive team, have a look

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Speaker 2: at some of the people who advised them sit on

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Speaker 2: that committee. And then just ask yourself over breakfast this morning,

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Speaker 2: Now that I know that, is it any wonder? The

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Speaker 2: economy is in the state it's in, and the decisions

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Speaker 2: they made are the decisions they made. As I say,

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Speaker 2: more on Adrian and the legacy. After seven o'clock meantime,

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Speaker 2: the news is next, before we get into the airlines

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Speaker 2: and more cost plus accounting.

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Speaker 15: Next, the news and the news makers the mic asking

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Speaker 15: breakfast with a Veda, Retirement Communities, Life your Way, news

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Speaker 15: togs dead b.

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Speaker 2: He shows that the Vetigan was standing by for an update.

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Speaker 2: Micah promised you All's resignation is due to Willis's refusal

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Speaker 2: to sign off the RB's operating budget. If you don't,

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Speaker 2: if you haven't followed the story, and why would you,

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Speaker 2: it's very dry. The government directly, It's slightly unusual with

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Speaker 2: government departments. The government directly deals with the Board of

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Speaker 2: the RB on a budget, and they go back and

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Speaker 2: forth and they say, here's what we need and the

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Speaker 2: government goes, here's what we've gotten. So it goes anyway,

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Speaker 2: this has been going on for a while, and Willis spoke,

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Speaker 2: i think to the Herald the other day and said

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Speaker 2: there's probably room for savings here. So Or says, the

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Speaker 2: text has been trying to get the budget sort of

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Speaker 2: for a long time, but the government won't sign off.

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Speaker 2: Will result in mass redundancies if not signed off, so

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Speaker 2: he would rather walk than championing that. So the budget,

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Speaker 2: just to give you a flavor, has gone from in

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Speaker 2: twenty eighteen sixty two million dollars a year to run

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Speaker 2: the RB tow one hundred and fifty eight sixty two

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Speaker 2: to one hundred and fifty eight. That's Grant Robertson for you.

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Speaker 2: Do you want some more money? Adrian, Absolutely, no problem

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Speaker 2: at all. That's how that worked. So I think he's

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Speaker 2: seen that particular writing on the wall and that's how

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Speaker 2: it's unfold. Twenty ten minutes away from seven five, speaking

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Speaker 2: of cost plus accounting, Airways, which is our air traffic

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Speaker 2: management provider, is suggesting they might like to increase their

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Speaker 2: fees by seven point seven percent as of July, thank

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Speaker 2: you very much. That's up to two dollars eighty your seat,

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Speaker 2: every seat, every time you fly, and of course you

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Speaker 2: know who pays for that. Executive director at the Border

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Speaker 2: Airline Representatives, Catherine Brian's bagler is Cath.

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Speaker 16: Morning, Good morning mate.

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Speaker 2: I take it you're not a fan.

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Speaker 16: Not a fan. I mean over the three years, we're

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Speaker 16: actually looking at twenty two point eight percent increase and

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Speaker 16: fourteen point four percent in the first year, So it's

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Speaker 16: front loaded, right up front, effect of one July twenty

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Speaker 16: twenty five checks notes. That's actually just in a few months.

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Speaker 16: Once we get to, of course, the price consultation.

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Speaker 2: Do why well that was I'll come to that in

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Speaker 2: the moment. Do the airways have an argument as to

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Speaker 2: why this is so necessary?

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Speaker 16: Look, they have a number of things that they need

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Speaker 16: to invest in, and lots of those things are really important.

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Speaker 16: Don't get me wrong. We need to have the air

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Speaker 16: traffic controllers, we need to have so skies. It's important.

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Speaker 16: But what the sort of bigger problem here is that

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Speaker 16: this is the latest and a long round of price

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Speaker 16: increases for airlines flying to New Zealand, which is not

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Speaker 16: taking us in the direction we want to when it

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Speaker 16: comes to tourism.

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Speaker 2: No, because I thought we'd dealt with this this business

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Speaker 2: is you know that the inflation was under control, so

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Speaker 2: clearly it's not in these particular cases, where is the

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Speaker 2: regulation that can they just say that's the number or not?

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Speaker 16: Yeah, they essentially can say that's the number. Much like

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Speaker 16: airports they can. They can set prices. Indeed, they target

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Speaker 16: like a profit. Because the airways is an SOE, they

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Speaker 16: have to target a commercial return. So in these prices

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Speaker 16: there is a commercial return proposal of eight point zero

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Speaker 16: eight percent, so that it's the we're having to pay

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Speaker 16: for now how much? Right you hear me? Eight point

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Speaker 16: zero eight percent target are return?

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Speaker 2: So that would involve the government to that point to

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Speaker 2: maybe put some pressure on them at that end of

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Speaker 2: the scenario, and that will get passed on like airport's

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Speaker 2: passed on. So I'm going to end up paying for it,

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Speaker 2: aren't I?

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Speaker 13: Yeah?

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Speaker 16: Look look you are. And you know the trouble that

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Speaker 16: New Zealand's got at the moment is we've got Aukin

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Speaker 16: the airport where prices are rising every single year. We've

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Speaker 16: had the Civil Aviation Authority increase its levees for large

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Speaker 16: airlines by one hundred and forty three percent. Is that

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Speaker 16: also effect of one July twenty twenty five, and now

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Speaker 16: we have Airways fourteen point four percent as the first

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Speaker 16: tranch of this in one July twenty twenty five. All

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Speaker 16: of these things are hitting foreign airlines in a commercial

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Speaker 16: profit view of their.

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Speaker 2: Route, which of first then brings us to tourism. And

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Speaker 2: when they say we're expensive, we are.

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Speaker 17: We we really are.

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Speaker 16: And that's ignoring the international visital levey at one hundred

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Speaker 16: god dollars per person, plus the visa chat that went

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Speaker 16: up last year. So New Zealand really is pricing itself

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Speaker 16: out of the market when it comes to aviation hopeless.

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Speaker 2: Kath, nice to talk to you. Appreciate it, Katha. Brian

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Speaker 2: Bord of Airlines Representatives. I was slightly confused there for

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Speaker 2: a moment because what she was suggesting, I don't know

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Speaker 2: if you picked it up, is that when somebody puts

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Speaker 2: their prices up, that price gets passed on. But I

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Speaker 2: was listening to Donald yesterday in America who was saying

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Speaker 2: that when you put your prices up, the prices go down.

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Speaker 2: So nineteen minutes away from seven Paskipeaking, which talk about hypocrisy,

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Speaker 2: the Canadians have requested consultations with the United States on

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Speaker 2: quote unquote unjustified tariffs at the where where are they

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Speaker 2: going the World Trade Organization? Why are they going to

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Speaker 2: the World Trade Organization when we're taking them to the

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Speaker 2: World Trade Organization for Oh, I don't know, under the cptppiece.

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Speaker 2: Allegedly our friends they're playing silly buggers on the dairy.

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Speaker 2: So they're playing silly buggers on the dairy. They don't

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Speaker 2: mind getting ragged to the WTA over that because they're

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Speaker 2: squeaky claim, But all of a sudden, when it doesn't

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Speaker 2: suit them, they want to go to the WTO as well,

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Speaker 2: because America being a big fat meaning how does that work?

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Speaker 1: Eighteen to two, The Mike Hosking Breakfast Full Show podcast

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Speaker 1: on iHeartRadio, par it By News talks.

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Speaker 2: A b Mike ironic that all couldn't control his own

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Speaker 2: inflationary costs and the unbeff had crushed everyone else. It's

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Speaker 2: a very good point. He's just a reflection of the

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Speaker 2: wider public service. WTF, Mike, did they what do they

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Speaker 2: do with that much money? They don't actually do that much.

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Speaker 2: Have a look at their executive team. They've got a

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Speaker 2: director of organizational capability and diversity, equity and inclusions. That's

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Speaker 2: where the money went.

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Speaker 1: Sixteen to seven International correspondence with ends and Eye Insurance.

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Speaker 3: Peace of mind for New Zealand business Fully time.

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Speaker 2: Joe McKenna, Very good morning to you, good money. May

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Speaker 2: are you at the Vatican.

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Speaker 18: I'm at the Vatican waiting for the latest update on

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Speaker 18: Pote Francis. He's been in hospital now for almost three weeks.

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Speaker 2: Perhaps foolishly late last week said out loud that I

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Speaker 2: felt goodish about it all, given he seemed to have stabilized,

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Speaker 2: and then he had that upset over the weekend, but

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Speaker 2: he seen still stabilised again. Is that fear?

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Speaker 18: Yeah, that's what we've been hearing the last couple of days.

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Speaker 18: He's had four respiratory crises or incidents since he was

435
00:21:10,880 --> 00:21:15,879
Speaker 18: admitted to hospital on February fourteen. There's no sign of

436
00:21:15,960 --> 00:21:20,359
Speaker 18: him leaving hospital. They say that he's quite stable, but

437
00:21:20,520 --> 00:21:24,480
Speaker 18: those episodes of respiratory failure have certainly caused a lot

438
00:21:24,480 --> 00:21:28,040
Speaker 18: of concern and we just don't know if that's a deterioration.

439
00:21:28,520 --> 00:21:30,920
Speaker 18: Doesn't seem to be. It seems to be holding for now,

440
00:21:31,000 --> 00:21:34,080
Speaker 18: but it'll be interesting to get the update this evening.

441
00:21:34,200 --> 00:21:36,280
Speaker 2: Given the length of time this has gone on, what's

442
00:21:36,320 --> 00:21:38,560
Speaker 2: the level of interest in Italy? Has it waned or

443
00:21:38,640 --> 00:21:39,919
Speaker 2: is it still as high as it was?

444
00:21:42,040 --> 00:21:44,040
Speaker 18: Look, I think there's a lot of interest in the

445
00:21:44,080 --> 00:21:47,080
Speaker 18: Pope's health because in Italy the Pope is like a

446
00:21:47,160 --> 00:21:51,080
Speaker 18: monarch really. Having said that, there's so much action going

447
00:21:51,080 --> 00:21:53,480
Speaker 18: on in Washington at the moment that seems to be

448
00:21:53,520 --> 00:21:57,200
Speaker 18: overtaking the news and the future of European armament as

449
00:21:57,200 --> 00:21:59,120
Speaker 18: well in relation to Ukraine.

450
00:21:59,280 --> 00:22:01,800
Speaker 2: You're speaking of all of that. So Vanderlyn comes out

451
00:22:01,840 --> 00:22:04,360
Speaker 2: with her it's euro's eight hundred billion, so in our money,

452
00:22:04,359 --> 00:22:06,560
Speaker 2: it's about one and a half trullion dollars to sort

453
00:22:06,560 --> 00:22:09,200
Speaker 2: of buy some bombs and arms and get europesact together.

454
00:22:09,400 --> 00:22:12,720
Speaker 2: How does that sit with Maloney?

455
00:22:13,920 --> 00:22:17,879
Speaker 18: Well, she has been very supportive of the EU and NATO,

456
00:22:18,240 --> 00:22:22,320
Speaker 18: and she's coming under fire from some of her coalition partners,

457
00:22:22,320 --> 00:22:26,359
Speaker 18: notably the League leader, Deputy PM Matteo Selvini. He's raised

458
00:22:26,400 --> 00:22:31,680
Speaker 18: doubts about this proposal. Also tonight one of his colleagues,

459
00:22:32,520 --> 00:22:36,840
Speaker 18: John Colo Georgetti, who is the Italian Finance minister. He's

460
00:22:36,880 --> 00:22:39,760
Speaker 18: also said that this is way too hasty and Italy

461
00:22:39,800 --> 00:22:42,240
Speaker 18: needs to think about it, it would cost Italy up

462
00:22:42,320 --> 00:22:45,520
Speaker 18: to fifty billion euros to be re arming and be

463
00:22:45,600 --> 00:22:49,720
Speaker 18: involved in this proposals.

464
00:22:48,400 --> 00:22:51,639
Speaker 2: Position that broad Italian discussion that you need to spend

465
00:22:51,680 --> 00:22:54,720
Speaker 2: more on defense individually as a country farliest part of

466
00:22:54,760 --> 00:22:56,359
Speaker 2: the EU. Is that going on at your place?

467
00:22:58,520 --> 00:23:01,359
Speaker 18: It sounds like it's more of we need to jump

468
00:23:01,400 --> 00:23:04,000
Speaker 18: on board with this European Union proposal.

469
00:23:05,000 --> 00:23:08,280
Speaker 2: Okay, so Berlasconi, for example, used to hang out with Putna,

470
00:23:08,320 --> 00:23:10,199
Speaker 2: but they seem to be the buds when you get

471
00:23:10,240 --> 00:23:12,720
Speaker 2: to the right hand side of the Italian political system.

472
00:23:13,720 --> 00:23:16,160
Speaker 2: How many of them are on sort of broadly speaking

473
00:23:16,240 --> 00:23:18,160
Speaker 2: Russia's side of this debate.

474
00:23:19,320 --> 00:23:22,680
Speaker 18: Well, certainly Matteo Slvini has been very pro Russian from

475
00:23:22,760 --> 00:23:26,480
Speaker 18: time to time, and it hasn't become clear where that's

476
00:23:26,520 --> 00:23:29,199
Speaker 18: come from and whether there has been some crossover in

477
00:23:29,280 --> 00:23:32,800
Speaker 18: terms of political financial support in the past, but he

478
00:23:32,840 --> 00:23:36,400
Speaker 18: certainly lines up more pro Russian than he does pro Zelanski,

479
00:23:36,720 --> 00:23:39,959
Speaker 18: and I think that's influencing his opposition to the realm

480
00:23:39,960 --> 00:23:40,639
Speaker 18: of that as well.

481
00:23:41,320 --> 00:23:43,720
Speaker 2: Now, on the economy, you got zero point seven percent,

482
00:23:43,760 --> 00:23:45,680
Speaker 2: which speaking to you from a country that's been going

483
00:23:45,680 --> 00:23:48,280
Speaker 2: backwards for the last four or five years. That's not bad.

484
00:23:48,320 --> 00:23:50,520
Speaker 2: That was that well received or no one sees it.

485
00:23:52,080 --> 00:23:54,600
Speaker 18: Yeah, I think that has been quite positive news for

486
00:23:54,640 --> 00:23:57,760
Speaker 18: the government because the Maloney government's been doing more to

487
00:23:58,480 --> 00:24:01,959
Speaker 18: recover tax revenues in the last couple of years, and

488
00:24:02,480 --> 00:24:06,600
Speaker 18: as we know, Georgia Mlini's popularity is still very high.

489
00:24:06,680 --> 00:24:09,760
Speaker 18: So these accounts are good news. I think there are

490
00:24:09,800 --> 00:24:13,240
Speaker 18: other signs though, of concern, particularly as we've talked about,

491
00:24:13,240 --> 00:24:17,040
Speaker 18: with the possibility of those US tariffs. There's news today

492
00:24:17,040 --> 00:24:18,600
Speaker 18: that if they go ahead, they're going to have a

493
00:24:18,680 --> 00:24:22,280
Speaker 18: huge impact on cheese, olive, oil and wine exports. So

494
00:24:22,840 --> 00:24:23,920
Speaker 18: we'll see what happens there.

495
00:24:24,040 --> 00:24:26,040
Speaker 2: All right, stay in touch, joke, nice to talk to you,

496
00:24:26,080 --> 00:24:27,919
Speaker 2: appreciate it very much. Joe McKenna, who is standing by

497
00:24:27,920 --> 00:24:31,159
Speaker 2: at seven o'clock at our time at the Vatican just

498
00:24:31,200 --> 00:24:33,159
Speaker 2: before we leave Europe. By the way, they're slowly, it

499
00:24:33,240 --> 00:24:36,600
Speaker 2: seems good, putting together a government in Germany. They're going

500
00:24:36,640 --> 00:24:39,000
Speaker 2: to deal with the Social Democrats, of course, which was

501
00:24:39,280 --> 00:24:41,479
Speaker 2: Schultz's old party, but anyway they're going to need They

502
00:24:41,480 --> 00:24:45,800
Speaker 2: reckon about five hundred billion euros in terms of defense spending,

503
00:24:45,840 --> 00:24:48,119
Speaker 2: as we've been saying, and Mertz says, we need to

504
00:24:48,160 --> 00:24:50,200
Speaker 2: do everything we possibly can, so that seems to be

505
00:24:50,280 --> 00:24:51,760
Speaker 2: the main focus of their attention at the moment. The

506
00:24:51,800 --> 00:24:53,440
Speaker 2: problem they've gotten in Germany is this thing called this

507
00:24:53,600 --> 00:24:56,840
Speaker 2: debt break that Merkel introduced zero point three five percent

508
00:24:56,840 --> 00:24:58,639
Speaker 2: of the annual gross domestic product. In other words, you

509
00:24:58,680 --> 00:25:02,040
Speaker 2: can't borrow more than that on an annualized basis without

510
00:25:02,160 --> 00:25:05,480
Speaker 2: going to the parliament and getting a two thirds majority,

511
00:25:05,520 --> 00:25:08,680
Speaker 2: because it became part of the constitution, so you can

512
00:25:08,800 --> 00:25:11,240
Speaker 2: do it in an emergency. You can suspend that law

513
00:25:11,280 --> 00:25:14,920
Speaker 2: in an emergency, which they did during COVID. But whether

514
00:25:14,960 --> 00:25:17,600
Speaker 2: they can manufacture this as an emergency or whether they

515
00:25:17,680 --> 00:25:19,760
Speaker 2: can convince two thirds of people in the German Parliament,

516
00:25:19,800 --> 00:25:22,520
Speaker 2: they need to borrow a shedload more dough because I remember,

517
00:25:22,560 --> 00:25:24,679
Speaker 2: of course, the German economy is on knees at the moment.

518
00:25:25,160 --> 00:25:27,280
Speaker 2: It is no longer what it was. So they've got

519
00:25:27,320 --> 00:25:29,280
Speaker 2: two fole problems. One getting the government together. And if

520
00:25:29,280 --> 00:25:31,200
Speaker 2: they get the government together, can they convince two thirds

521
00:25:31,240 --> 00:25:33,359
Speaker 2: of the German Parliament to give them a bit more

522
00:25:33,359 --> 00:25:36,040
Speaker 2: money and buy some more guns. Ten away from seven.

523
00:25:35,960 --> 00:25:40,400
Speaker 1: The mate Hosking Breakfast with a Vita retirement communities News

524
00:25:40,440 --> 00:25:41,280
Speaker 1: togs Head been you.

525
00:25:41,280 --> 00:25:45,200
Speaker 2: Cannot complete the without the exceedingly good news of our

526
00:25:45,240 --> 00:25:50,359
Speaker 2: red meat industry numbers out yesterday. Exports up twenty eight

527
00:25:50,560 --> 00:25:54,520
Speaker 2: percent as for January nine hundred and twenty seven million dollars.

528
00:25:55,400 --> 00:25:58,119
Speaker 2: US is still leading the way, increasing sixty four percent

529
00:25:58,200 --> 00:26:00,879
Speaker 2: year on year. China's up ten percent, ccent UK up

530
00:26:00,960 --> 00:26:04,320
Speaker 2: fifty eight percent, Canada is up eighty nine percent. Our

531
00:26:04,400 --> 00:26:07,439
Speaker 2: largest market for the month, the US two seventy seven million,

532
00:26:07,680 --> 00:26:11,040
Speaker 2: China two seventy six million, the UK sixty million, Canada

533
00:26:11,080 --> 00:26:13,400
Speaker 2: forty one. The Netherlands up nine percent to thirty three

534
00:26:13,920 --> 00:26:16,440
Speaker 2: finally got on board with the good quality stuff. Sheep

535
00:26:16,440 --> 00:26:18,960
Speaker 2: meat is steady. There's a decline in exports in the EU,

536
00:26:19,000 --> 00:26:21,600
Speaker 2: which is down twenty percent. US is down twenty four percent.

537
00:26:22,240 --> 00:26:24,840
Speaker 2: Offset increase by shipments to China which are up seven percent,

538
00:26:24,880 --> 00:26:27,280
Speaker 2: the UK up nine, Malaysia up one hundred and seven.

539
00:26:28,520 --> 00:26:30,639
Speaker 2: Value of sheep met exports is up twenty two percent.

540
00:26:30,680 --> 00:26:33,320
Speaker 2: As far as beef is concerned, exports row six percent

541
00:26:33,400 --> 00:26:35,280
Speaker 2: in volume. But now here's the key. This is the

542
00:26:35,280 --> 00:26:38,920
Speaker 2: important number of this. So six percent up in volume

543
00:26:39,040 --> 00:26:42,959
Speaker 2: for beef, but up thirty six percent in value, so

544
00:26:43,000 --> 00:26:45,399
Speaker 2: we're selling more and selling more of it for more.

545
00:26:45,960 --> 00:26:48,600
Speaker 2: China down fourteen percent, are strong growth, though in North

546
00:26:48,640 --> 00:26:50,359
Speaker 2: America they cannot get enough of that beef for the

547
00:26:50,359 --> 00:26:52,720
Speaker 2: burger patties. Exports to the US are up twenty four

548
00:26:52,720 --> 00:26:55,840
Speaker 2: percent in volume, values up seventy three percent. We are

549
00:26:55,920 --> 00:27:00,000
Speaker 2: just killing it in the United States. But generally anything

550
00:27:00,040 --> 00:27:01,760
Speaker 2: that's up twenty eight percent on the month, as far

551
00:27:01,800 --> 00:27:05,440
Speaker 2: as exports are concerned, we will take that all day long.

552
00:27:05,560 --> 00:27:08,760
Speaker 2: Thank you very much. Five minutes away from seven, all.

553
00:27:08,720 --> 00:27:12,760
Speaker 1: The ins and the outs. It's the fizz with business favor.

554
00:27:12,880 --> 00:27:15,440
Speaker 1: Take your business productivity to the next level.

555
00:27:15,520 --> 00:27:17,720
Speaker 2: I own more good news. This is the home of

556
00:27:17,720 --> 00:27:19,919
Speaker 2: good news. So property market this morning, what I've got

557
00:27:19,960 --> 00:27:22,320
Speaker 2: for you call Logic Home Value Index for February up

558
00:27:23,040 --> 00:27:26,200
Speaker 2: sales up zero point three percent, strongest rise since January

559
00:27:26,200 --> 00:27:29,240
Speaker 2: of last year. Continues a small trend of increases since October.

560
00:27:29,320 --> 00:27:31,240
Speaker 2: So there is life there, there's no question about that.

561
00:27:31,480 --> 00:27:34,200
Speaker 2: A lot of houses on the market, but there's certainly life.

562
00:27:34,280 --> 00:27:36,840
Speaker 2: Medium home value across the country eight hundred and seven thousand.

563
00:27:36,840 --> 00:27:39,960
Speaker 2: What's that mean? Well, glass half full or half empty?

564
00:27:39,960 --> 00:27:42,000
Speaker 2: It's either down sixteen point nine percent on the record

565
00:27:42,040 --> 00:27:44,840
Speaker 2: hires of twenty twenty one, or it's seventeen point one

566
00:27:44,840 --> 00:27:46,879
Speaker 2: percent higher than pre COVID of March of twenty twenty

567
00:27:46,960 --> 00:27:50,359
Speaker 2: So take your pick. Modest growth. Basically, we're in for

568
00:27:50,400 --> 00:27:52,400
Speaker 2: a year of modest growth, although you do don't want

569
00:27:52,400 --> 00:27:54,239
Speaker 2: to forget the mood from the government which is yet

570
00:27:54,280 --> 00:27:56,520
Speaker 2: to be announced on foreign buyers that is still coming.

571
00:27:57,040 --> 00:27:58,879
Speaker 2: It's one of those things bubbling in the background. My

572
00:27:59,000 --> 00:28:01,760
Speaker 2: understanding is that we're all these international investors arrive in

573
00:28:01,800 --> 00:28:03,919
Speaker 2: town for the government's big Hey, we're open for business

574
00:28:03,920 --> 00:28:05,920
Speaker 2: and come and give us some of your wealth. They're

575
00:28:05,920 --> 00:28:08,480
Speaker 2: going to announce that along with all the other things

576
00:28:08,520 --> 00:28:10,240
Speaker 2: they're going to announce it, Thus meaning that all the

577
00:28:10,280 --> 00:28:11,760
Speaker 2: foreigners that come to the country and go, well, if

578
00:28:11,800 --> 00:28:13,560
Speaker 2: I'm going to give you ten million or fifteen million

579
00:28:13,600 --> 00:28:15,879
Speaker 2: or fifty million and open my business employs some people,

580
00:28:16,359 --> 00:28:18,359
Speaker 2: can I buy a house and Chris Luckson will be

581
00:28:18,400 --> 00:28:22,119
Speaker 2: able to go, Yes, you can. Main centers Auckland up

582
00:28:22,200 --> 00:28:24,320
Speaker 2: zero point three percent for the month, average value a

583
00:28:24,320 --> 00:28:27,320
Speaker 2: little over a million, Hamilton up half a point seven

584
00:28:27,440 --> 00:28:30,240
Speaker 2: forty two's the average tower on a small hit. In fact,

585
00:28:30,280 --> 00:28:32,360
Speaker 2: the only main center to take a loss at zero

586
00:28:32,440 --> 00:28:34,080
Speaker 2: point two downs hardly the end of the world. That

587
00:28:34,200 --> 00:28:39,080
Speaker 2: average value in the bay nine oh seven. Wellington Up, Wellington,

588
00:28:39,640 --> 00:28:43,120
Speaker 2: come on, welcome back zero point one percent average seven

589
00:28:43,200 --> 00:28:45,560
Speaker 2: ninety two. Christ Uch is up over half a point.

590
00:28:45,600 --> 00:28:47,520
Speaker 2: Of course you are, because everyone wants to move to

591
00:28:47,600 --> 00:28:49,680
Speaker 2: christ yourtup. They don't want to move to Dunedin up

592
00:28:49,800 --> 00:28:52,320
Speaker 2: zero point six percent. Average of value six ninety thousand.

593
00:28:52,800 --> 00:28:55,160
Speaker 2: Dunedin's up zero point six percent as well. Something's happening

594
00:28:55,200 --> 00:28:57,840
Speaker 2: in Duneda. There's a boom going on Dunedin. I'm calling

595
00:28:57,840 --> 00:29:01,360
Speaker 2: it early. I called christ Juche early, but they've just

596
00:29:01,360 --> 00:29:04,160
Speaker 2: carried on further south. The further south you go, the

597
00:29:04,200 --> 00:29:07,680
Speaker 2: more beautiful it gets. So Duneeding up zero point six percent,

598
00:29:07,720 --> 00:29:10,000
Speaker 2: and buying a house in Dunedin is so cheap it's embarrassing.

599
00:29:10,080 --> 00:29:12,760
Speaker 2: Average value six hundred and sixteen thousand dollars around the region.

600
00:29:12,760 --> 00:29:14,360
Speaker 2: Your best performance. What have I got in the cargo

601
00:29:14,480 --> 00:29:17,160
Speaker 2: up zero point nine told you go christ Gips, then

602
00:29:17,200 --> 00:29:18,840
Speaker 2: you go to the Eden, then you go to Ambicago,

603
00:29:18,960 --> 00:29:21,840
Speaker 2: next dots Stuart Island in the Antarctic zero point nine

604
00:29:21,840 --> 00:29:24,160
Speaker 2: percent of cargo average value four seventy four see four

605
00:29:24,240 --> 00:29:28,640
Speaker 2: seventy four. And in Vericagol you're laughing by four houses

606
00:29:29,760 --> 00:29:32,080
Speaker 2: Queenstown up zero point eight average value one point five

607
00:29:32,160 --> 00:29:35,440
Speaker 2: seven Gismond Nelson Napier increases are by the zero point

608
00:29:35,440 --> 00:29:37,400
Speaker 2: four zero point five. These are all good numbers, aren't

609
00:29:37,400 --> 00:29:41,160
Speaker 2: They put a steak on the barbie because that's going

610
00:29:41,200 --> 00:29:43,080
Speaker 2: through the roof and by yourself a house biggus rot

611
00:29:43,080 --> 00:29:45,760
Speaker 2: was Wanganui down zero point six percent average value four

612
00:29:45,800 --> 00:29:48,680
Speaker 2: hundred and eighty one thousand dollars. Right, Adrian and all Ah,

613
00:29:49,880 --> 00:29:51,960
Speaker 2: Let's do a report card after the news, which is

614
00:29:52,000 --> 00:29:54,440
Speaker 2: next here on the My Costing Breakfast of News Talk SEVB.

615
00:29:55,640 --> 00:29:58,680
Speaker 3: That's the only report you need to start your day.

616
00:29:58,960 --> 00:30:01,960
Speaker 1: The My Costing best with the range Rover, the LA

617
00:30:02,440 --> 00:30:04,440
Speaker 1: designed to intrigue and use.

618
00:30:04,400 --> 00:30:07,920
Speaker 2: Talks seven past seven. So Adrianaor's departure seemingly coming out

619
00:30:07,920 --> 00:30:09,960
Speaker 2: of nowhere, is halfway through a second term, years to

620
00:30:09,960 --> 00:30:11,760
Speaker 2: go on the contract and he's gone for more. Reserve

621
00:30:11,800 --> 00:30:13,840
Speaker 2: Bank senior staff for Jeff Mortlogue with us. Jeff, very

622
00:30:13,840 --> 00:30:17,080
Speaker 2: good morning to you. Yes, yeah morning, Mike, as he

623
00:30:17,120 --> 00:30:18,120
Speaker 2: pecked as said.

624
00:30:19,440 --> 00:30:23,920
Speaker 14: He appears to have and with no apparent reason for

625
00:30:24,040 --> 00:30:26,320
Speaker 14: it and no explanation.

626
00:30:26,080 --> 00:30:30,040
Speaker 2: Could we read into it that the funding debate between

627
00:30:30,040 --> 00:30:31,600
Speaker 2: the government and the Board at the moment might have

628
00:30:31,640 --> 00:30:32,160
Speaker 2: something to.

629
00:30:32,040 --> 00:30:32,360
Speaker 16: Do with it.

630
00:30:33,800 --> 00:30:37,640
Speaker 14: Well, look, that would be a reasonable interpretation. I think

631
00:30:38,120 --> 00:30:41,600
Speaker 14: the understanding I have is that there have been tensions

632
00:30:41,640 --> 00:30:49,360
Speaker 14: between the Reserve Bank and the Minister over the funding negotiations,

633
00:30:50,320 --> 00:30:53,440
Speaker 14: and that wouldn't surprise me given how much the budget

634
00:30:53,480 --> 00:30:57,120
Speaker 14: has increased, just how much they have been spending in

635
00:30:57,200 --> 00:31:01,080
Speaker 14: the last seven years under all.

636
00:31:00,760 --> 00:31:03,640
Speaker 2: Exactly why have they needed or wanted so much more

637
00:31:03,680 --> 00:31:05,400
Speaker 2: money and what have they spent it on and to

638
00:31:05,680 --> 00:31:06,200
Speaker 2: what end?

639
00:31:07,600 --> 00:31:10,320
Speaker 14: Well, look, some of it was probably reasonable in the

640
00:31:10,360 --> 00:31:14,040
Speaker 14: sense that they have been upgrading the Banking Supervision area

641
00:31:14,080 --> 00:31:16,680
Speaker 14: from a very low level of staffing to a more

642
00:31:16,720 --> 00:31:21,400
Speaker 14: reasonable level. Some of it is gearing up for the

643
00:31:21,480 --> 00:31:24,520
Speaker 14: deposit insurance scheme, so that I can understand.

644
00:31:25,200 --> 00:31:25,600
Speaker 16: But the.

645
00:31:27,480 --> 00:31:31,800
Speaker 14: Where it gets strange is they are the increased staffing

646
00:31:31,960 --> 00:31:36,800
Speaker 14: dramatically in the pr area to an astronomical level. A

647
00:31:36,840 --> 00:31:40,160
Speaker 14: lot of it seems to have gone into some of

648
00:31:40,200 --> 00:31:45,920
Speaker 14: the nefarious projects, some of their cultural projects and so forth,

649
00:31:47,280 --> 00:31:53,000
Speaker 14: And when you look at the staffing levels dramatically increased.

650
00:31:53,720 --> 00:31:55,280
Speaker 2: Was he just building a flight wrong?

651
00:31:56,320 --> 00:31:56,640
Speaker 14: Sorry?

652
00:31:56,800 --> 00:31:59,560
Speaker 2: Was he just building a five them?

653
00:31:59,720 --> 00:32:03,760
Speaker 14: Well? Well, I think that the sending an element of that.

654
00:32:03,840 --> 00:32:10,080
Speaker 14: He was wanting, I think to increase his loud speaker

655
00:32:10,440 --> 00:32:14,840
Speaker 14: so that he could involve the Reserve Bank in the

656
00:32:14,920 --> 00:32:17,040
Speaker 14: kind of issues that he wanted to see it more

657
00:32:17,080 --> 00:32:20,840
Speaker 14: proactive in. And some of those issues were not even

658
00:32:20,880 --> 00:32:24,360
Speaker 14: ones that were really part of the Reserve Bank's core mandate.

659
00:32:24,720 --> 00:32:27,719
Speaker 2: Given what happened yesterday, literally in the fact he let

660
00:32:27,800 --> 00:32:29,800
Speaker 2: the building know and could explain it properly, do they

661
00:32:29,880 --> 00:32:31,920
Speaker 2: owe us an explanation or is.

662
00:32:31,960 --> 00:32:33,880
Speaker 12: That just life now?

663
00:32:33,920 --> 00:32:38,400
Speaker 14: I think they do. I mean, he was governor of

664
00:32:38,480 --> 00:32:44,000
Speaker 14: the Reserve Bank. It's a key role. And I think

665
00:32:44,040 --> 00:32:48,600
Speaker 14: that when the chief executive of a major public institution

666
00:32:49,080 --> 00:32:53,680
Speaker 14: resigns there should be an explanation. And I think if

667
00:32:53,680 --> 00:32:58,680
Speaker 14: it doesn't come from the resigning governor in a formal statement,

668
00:32:59,120 --> 00:33:02,080
Speaker 14: then it should come from the Chairman of the board.

669
00:33:02,120 --> 00:33:11,560
Speaker 14: And yesterday we had yet another demonstration of evasive explanations

670
00:33:11,960 --> 00:33:13,400
Speaker 14: from the chairman.

671
00:33:14,400 --> 00:33:21,280
Speaker 2: Neil quickly in simple terms, where's he said? Hopeless worst moderates.

672
00:33:21,360 --> 00:33:24,880
Speaker 14: I was thinking that going through all of the governors

673
00:33:25,720 --> 00:33:29,120
Speaker 14: since nineteen thirty four. I would rank him as the

674
00:33:29,200 --> 00:33:37,400
Speaker 14: worst in terms of competence based really on the monetary

675
00:33:37,920 --> 00:33:43,360
Speaker 14: policy results. You look at the inflation burst, and some

676
00:33:43,400 --> 00:33:48,040
Speaker 14: of that was external, but some of it was definitely

677
00:33:48,080 --> 00:33:52,800
Speaker 14: a function of monetary policy actions. He's left taxpayers with

678
00:33:53,760 --> 00:33:57,160
Speaker 14: over ten billion dollars of debt that could have gone

679
00:33:57,200 --> 00:34:02,360
Speaker 14: into the public health system and other such things. He's

680
00:34:02,880 --> 00:34:08,000
Speaker 14: nearly doubled the staff numbers of the Reserve Bank, and

681
00:34:08,760 --> 00:34:13,480
Speaker 14: he's jacked up bank capital ratios, two levels that I

682
00:34:13,520 --> 00:34:16,200
Speaker 14: think are going to make it more difficult for the

683
00:34:16,440 --> 00:34:19,520
Speaker 14: economy to actually start growing again.

684
00:34:19,760 --> 00:34:22,000
Speaker 2: Well, so Jeff appreciate it. Jeff Mortlocke used to work

685
00:34:22,000 --> 00:34:24,880
Speaker 2: at the Reserve Bank. Eleven minutes past seven sort of

686
00:34:24,880 --> 00:34:26,680
Speaker 2: related to the old kV Saber chats back. Now that

687
00:34:26,719 --> 00:34:28,359
Speaker 2: the good days of the market are over and Trump

688
00:34:28,440 --> 00:34:30,000
Speaker 2: is loose in the house, wreaking have it with the

689
00:34:30,200 --> 00:34:32,680
Speaker 2: tariff business. Very topsy turvy, they say on Keyvy Saber

690
00:34:32,719 --> 00:34:35,120
Speaker 2: hit of Key Saber at Milford Asset Management. Murray Harris's

691
00:34:35,120 --> 00:34:36,520
Speaker 2: well us Murray, Very good morning to you.

692
00:34:37,800 --> 00:34:37,920
Speaker 16: Mike.

693
00:34:38,040 --> 00:34:39,880
Speaker 2: Is this a media thing because we have this discussion

694
00:34:39,880 --> 00:34:41,879
Speaker 2: everytime the market goes a bit wonky and somebody comes

695
00:34:41,920 --> 00:34:43,560
Speaker 2: into power. I mean, do people ring you up and go,

696
00:34:43,640 --> 00:34:45,520
Speaker 2: oh my god, murray, what do I do now?

697
00:34:45,640 --> 00:34:45,840
Speaker 7: Or not?

698
00:34:47,280 --> 00:34:49,040
Speaker 19: Well, Look, this is one of the issues with TV

699
00:34:49,120 --> 00:34:51,239
Speaker 19: saver is that people can see their balance every day

700
00:34:51,680 --> 00:34:54,839
Speaker 19: and there are things to worry markets every single day,

701
00:34:54,880 --> 00:34:57,759
Speaker 19: markets go up and down. And really the advice to

702
00:34:57,800 --> 00:35:00,200
Speaker 19: people with kivsaver is that they should just ignore that,

703
00:35:00,320 --> 00:35:01,800
Speaker 19: stay the course, and don't.

704
00:35:01,640 --> 00:35:04,360
Speaker 2: Pay it exactly. It's a long term savings plan. It

705
00:35:04,360 --> 00:35:06,879
Speaker 2: always has been what percentage off the top of your head,

706
00:35:07,160 --> 00:35:09,040
Speaker 2: because part of the whole debate around KIV SAB is

707
00:35:09,080 --> 00:35:10,799
Speaker 2: the lack of interest in it and default funds and

708
00:35:10,800 --> 00:35:12,719
Speaker 2: all that sort of thing. What percentage of people you

709
00:35:12,760 --> 00:35:15,640
Speaker 2: deal with are actually interested, knowledgeable and know what's going on.

710
00:35:16,719 --> 00:35:18,600
Speaker 13: Well, participation is actually quite good.

711
00:35:18,640 --> 00:35:21,239
Speaker 19: There's three point three million kivis in it, and there's

712
00:35:21,360 --> 00:35:24,759
Speaker 19: quite strong representation in the younger cohort, so they do

713
00:35:24,880 --> 00:35:28,080
Speaker 19: see you. Younger people in particular, said as a good

714
00:35:28,160 --> 00:35:30,360
Speaker 19: scheme to well, first of all, say for the first

715
00:35:30,360 --> 00:35:33,440
Speaker 19: home and then longer term retirement. But yeah, the retirement

716
00:35:33,520 --> 00:35:37,279
Speaker 19: question is much further out for most people. But participation has.

717
00:35:37,160 --> 00:35:39,880
Speaker 2: Been good good and these debate or difficult times that

718
00:35:39,920 --> 00:35:42,040
Speaker 2: we're dealing with tariffs at the moment, do you see

719
00:35:42,560 --> 00:35:46,200
Speaker 2: a breakout result in terms of growth versus conservative or

720
00:35:46,239 --> 00:35:48,840
Speaker 2: does it keep on keeping on the way it generally does.

721
00:35:50,280 --> 00:35:54,279
Speaker 19: Whether it's tariffs or pandemics or elections, whatever it is was,

722
00:35:54,719 --> 00:35:56,520
Speaker 19: markets are always going to react to those, so your

723
00:35:56,600 --> 00:35:58,799
Speaker 19: KIV server balances are always going to go up and down.

724
00:35:58,960 --> 00:36:02,520
Speaker 19: The benefit with kivs is you're making contributions every single week,

725
00:36:02,560 --> 00:36:05,600
Speaker 19: all month or fortnite from your pay So when markets

726
00:36:05,600 --> 00:36:08,600
Speaker 19: go down, your contributions are actually buying more value. You're

727
00:36:08,600 --> 00:36:11,520
Speaker 19: buying cheaper units in your phone. And then when markets recover,

728
00:36:11,719 --> 00:36:14,319
Speaker 19: your benefit from those more units that you brought with

729
00:36:14,360 --> 00:36:16,719
Speaker 19: your cheaper dollars. So that's why we say stick to

730
00:36:16,760 --> 00:36:19,680
Speaker 19: the plan, stay the course, don't panic, and if you're

731
00:36:19,840 --> 00:36:22,480
Speaker 19: really uncertain, get some advice. There's plenty of good advice

732
00:36:22,520 --> 00:36:24,279
Speaker 19: out there now. For Q, you said, the linger's good stuff.

733
00:36:24,320 --> 00:36:26,799
Speaker 2: Murray, appreciate it. Murray Harris out of Milford asset with

734
00:36:26,880 --> 00:36:27,359
Speaker 2: us this morning.

735
00:36:27,440 --> 00:36:27,560
Speaker 1: Year.

736
00:36:27,600 --> 00:36:29,600
Speaker 2: It all came out of the Trump speech yesterday. Got

737
00:36:29,640 --> 00:36:32,560
Speaker 2: it was long, some of it was entertaining, and some

738
00:36:32,600 --> 00:36:35,600
Speaker 2: of it was just complete crap. More shortly thirteen past.

739
00:36:36,880 --> 00:36:41,320
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

740
00:36:41,320 --> 00:36:42,360
Speaker 1: by News Talks.

741
00:36:42,080 --> 00:36:45,360
Speaker 2: That'd be Education Minister on New Classrooms. They've sort of

742
00:36:45,360 --> 00:36:48,920
Speaker 2: that particular mess out, remember the bespoke design nonsense that

743
00:36:49,000 --> 00:36:50,840
Speaker 2: was going on in the previous government of the massive

744
00:36:50,880 --> 00:36:52,400
Speaker 2: But anyway, they've sorted that out and we've got some

745
00:36:52,440 --> 00:36:54,560
Speaker 2: detail on that with the Education Minister. Shortly meantime at

746
00:36:54,600 --> 00:36:57,919
Speaker 2: seventeen past seven. Quite the watch, lengthy and a sort

747
00:36:57,920 --> 00:36:59,520
Speaker 2: of I thought as I was watching at a Castro

748
00:36:59,560 --> 00:37:03,319
Speaker 2: goodaff type profession hitting towards two ours. Anyway, he had

749
00:37:03,320 --> 00:37:05,080
Speaker 2: a lot of guests and heroes. He had stand up

750
00:37:05,080 --> 00:37:07,160
Speaker 2: in tike appluls. Some of them were really cool. There

751
00:37:07,200 --> 00:37:08,640
Speaker 2: was a lot of appluals for him. Of course, he

752
00:37:08,680 --> 00:37:11,320
Speaker 2: trolled the Democrats, even had a genuinely funny line of

753
00:37:11,400 --> 00:37:13,600
Speaker 2: thought for Bobby Kennedy. But how much of what Trump

754
00:37:13,600 --> 00:37:16,480
Speaker 2: did yesterday in front of the Joint House was actually

755
00:37:16,480 --> 00:37:19,799
Speaker 2: effectually true? CNN's Chica Daniel Die.

756
00:37:19,560 --> 00:37:22,480
Speaker 20: President Trump was believed or not marginally more careful with

757
00:37:22,560 --> 00:37:25,120
Speaker 20: the facts tonight than he usually is, But by the

758
00:37:25,160 --> 00:37:28,640
Speaker 20: standard of any politician in Washington, who is not Donald Trump.

759
00:37:28,760 --> 00:37:31,680
Speaker 20: That was still an extremely dishonest speech. I counted at

760
00:37:31,760 --> 00:37:34,920
Speaker 20: least thirteen flat false claims, and that is a preliminary

761
00:37:34,880 --> 00:37:37,520
Speaker 20: count that doesn't include a whole bunch of additional misleading

762
00:37:37,600 --> 00:37:40,840
Speaker 20: or uncorroborated claims. He for example, repeated his false claim

763
00:37:40,840 --> 00:37:44,239
Speaker 20: that foreign countries like China pay his tariffs, though Americans

764
00:37:44,280 --> 00:37:47,880
Speaker 20: make those teriff payments. He wildly exaggerated figures on inflation

765
00:37:48,120 --> 00:37:51,160
Speaker 20: and immigration under President Biden. He claimed to have terminated

766
00:37:51,200 --> 00:37:53,560
Speaker 20: something called the Green new scam, even though the Green

767
00:37:53,640 --> 00:37:56,759
Speaker 20: New Deal Congressional Resolution was never actually passed, and Trump

768
00:37:56,840 --> 00:37:59,640
Speaker 20: has not repealed the big environmental law that President Biden

769
00:37:59,640 --> 00:38:01,680
Speaker 20: did pass. But now I want to go into detail

770
00:38:01,760 --> 00:38:04,960
Speaker 20: on an important and eye catching claim that was highly misleading.

771
00:38:05,120 --> 00:38:07,919
Speaker 20: The President talked at length about millions of people being

772
00:38:07,960 --> 00:38:11,480
Speaker 20: listed as alive in a Social Security database even though

773
00:38:11,520 --> 00:38:15,000
Speaker 20: they're obviously dead. I've spoken to conservative experts about this claim,

774
00:38:15,040 --> 00:38:17,200
Speaker 20: and they've noted that the president is leaving out something

775
00:38:17,360 --> 00:38:20,360
Speaker 20: absolutely critical to understanding this issue. Here's what he failed

776
00:38:20,360 --> 00:38:23,120
Speaker 20: to explain. These numbers are not the numbers of dead

777
00:38:23,160 --> 00:38:26,640
Speaker 20: people who are actually getting paid Social Security checks. Trump

778
00:38:26,719 --> 00:38:29,120
Speaker 20: was referring to a legitimate problem with some debts not

779
00:38:29,239 --> 00:38:32,080
Speaker 20: being marked in the Social Security database. But that doesn't

780
00:38:32,120 --> 00:38:34,280
Speaker 20: mean people at listed as being one hundred and fifty

781
00:38:34,280 --> 00:38:36,759
Speaker 20: two hundred three hundred are actually getting money. And that's

782
00:38:36,800 --> 00:38:39,400
Speaker 20: because Social Security already has a system in place to

783
00:38:39,480 --> 00:38:42,080
Speaker 20: automatically cut off people who are listed as being one

784
00:38:42,160 --> 00:38:44,560
Speaker 20: hundred and fifteen or older. Now, two years ago and

785
00:38:44,600 --> 00:38:47,040
Speaker 20: Inspector General looked into this, she found there were about

786
00:38:47,080 --> 00:38:49,520
Speaker 20: nineteen million people one hundred or older who were not

787
00:38:49,600 --> 00:38:52,600
Speaker 20: marked a deceased. But critically, she also found that only

788
00:38:52,680 --> 00:38:55,760
Speaker 20: forty four thousand of these people were actually receiving payments,

789
00:38:55,840 --> 00:38:58,319
Speaker 20: And one conservative expert told me even those forty four

790
00:38:58,400 --> 00:39:01,080
Speaker 20: k are likely legit payments since at the time they

791
00:39:01,080 --> 00:39:04,280
Speaker 20: were about eighty six thousand living Americans age one hundred

792
00:39:04,360 --> 00:39:06,680
Speaker 20: or older. Now, let's listen to something the President said

793
00:39:06,680 --> 00:39:07,960
Speaker 20: about the war in Ukraine.

794
00:39:08,320 --> 00:39:11,640
Speaker 5: Europe has sadly spent more money buying Russian oil and

795
00:39:11,719 --> 00:39:15,960
Speaker 5: gas than they have spent on defending Ukraine by far.

796
00:39:16,200 --> 00:39:19,160
Speaker 5: Think of that, and we've spent perhaps three hundred and

797
00:39:19,200 --> 00:39:20,520
Speaker 5: fifty billion dollars.

798
00:39:21,360 --> 00:39:23,960
Speaker 20: Those are fictional numbers, and this is a fictional narrative.

799
00:39:24,080 --> 00:39:26,320
Speaker 20: President Trump keeps telling the story about how the US

800
00:39:26,400 --> 00:39:29,760
Speaker 20: has sent Ukraine way more than Europe has collectively. In fact,

801
00:39:29,840 --> 00:39:33,080
Speaker 20: Europe has committed and provided more aid to Ukraine during

802
00:39:33,120 --> 00:39:35,360
Speaker 20: this war than the US has. So Trump said the

803
00:39:35,440 --> 00:39:38,239
Speaker 20: US has spent maybe three hundred and fifty billion and

804
00:39:38,400 --> 00:39:40,719
Speaker 20: Europe one hundred billion, while a German think tank that

805
00:39:40,760 --> 00:39:43,640
Speaker 20: closely tracks this issue found the US has committed about

806
00:39:43,640 --> 00:39:46,360
Speaker 20: one hundred and twenty six billion, actually allocated about one

807
00:39:46,440 --> 00:39:48,640
Speaker 20: hundred and twenty one billion, so way less than three

808
00:39:48,719 --> 00:39:50,799
Speaker 20: hundred and fifty billion. He said Europe has spent one

809
00:39:50,880 --> 00:39:53,320
Speaker 20: hundred billion, while the think tank found Europe had committed

810
00:39:53,400 --> 00:39:56,920
Speaker 20: two sixty three billion, so way more actually allocated about

811
00:39:57,000 --> 00:39:59,440
Speaker 20: one hundred and forty billion. Now you can get different

812
00:39:59,480 --> 00:40:02,880
Speaker 20: numbers with for counting methodologies, but nobody legitimate, even the

813
00:40:02,960 --> 00:40:05,879
Speaker 20: US government itself, has gotten anywhere close to that three

814
00:40:05,960 --> 00:40:08,560
Speaker 20: hundred and fifty billion figure that President Trump keeps using.

815
00:40:08,800 --> 00:40:10,520
Speaker 2: Daniel Dale. The other thing he claim. He is on

816
00:40:10,560 --> 00:40:12,799
Speaker 2: the phone yesterday to are the heads of the three

817
00:40:12,840 --> 00:40:15,640
Speaker 2: major carmakers, claiming that they are all loving tariffs, which

818
00:40:15,680 --> 00:40:17,759
Speaker 2: I know not to be true because the guy who

819
00:40:17,840 --> 00:40:20,719
Speaker 2: heads forward the other day used the word chaos. It

820
00:40:20,800 --> 00:40:24,200
Speaker 2: is chaos, so he made that up as well. Seven twenty.

821
00:40:25,880 --> 00:40:30,520
Speaker 1: The mic Asking Breakfast Full Show podcast on iHeartRadio call

822
00:40:30,600 --> 00:40:31,799
Speaker 1: it by News Talks Evy.

823
00:40:33,880 --> 00:40:35,520
Speaker 2: Now, whether you're looking to buy a homer and bestly

824
00:40:35,719 --> 00:40:37,960
Speaker 2: hard earned, you want an established bank, of course, with

825
00:40:38,040 --> 00:40:40,000
Speaker 2: the solid foundations committed to doing the best for the

826
00:40:40,040 --> 00:40:42,000
Speaker 2: people who bank with them. This is SBS Bank. Of

827
00:40:42,000 --> 00:40:44,080
Speaker 2: course they've been They've been around for one hundred and

828
00:40:44,200 --> 00:40:47,440
Speaker 2: fifty five years. Roots firmly planted in Kiwi soil. We

829
00:40:47,480 --> 00:40:49,800
Speaker 2: say that North Islanders may have never heard of SBS.

830
00:40:49,840 --> 00:40:51,720
Speaker 2: I don't know that that's true, but the Southerners certainly

831
00:40:51,719 --> 00:40:53,760
Speaker 2: know and love them SBS. They're owned by its members,

832
00:40:54,239 --> 00:40:56,239
Speaker 2: proudly keep the profits right here in the country. So

833
00:40:56,280 --> 00:40:58,680
Speaker 2: when you bank with them, basically help and grow the country,

834
00:40:58,880 --> 00:41:00,920
Speaker 2: which I think we're all into. Not to mention that

835
00:41:00,960 --> 00:41:03,560
Speaker 2: their award winning Canstar's Bank of the Year for the

836
00:41:03,560 --> 00:41:05,640
Speaker 2: First time Buyer is twenty twenty two, twenty three and

837
00:41:05,719 --> 00:41:10,040
Speaker 2: twenty four helping New Zealand's newest endangered species. He was

838
00:41:10,080 --> 00:41:11,960
Speaker 2: trying to do by their first home and they haven't

839
00:41:11,960 --> 00:41:15,120
Speaker 2: forgotten the investors either, highly competitive rates for the investments.

840
00:41:15,360 --> 00:41:16,719
Speaker 2: So if you're in the market for a home loan,

841
00:41:16,840 --> 00:41:18,800
Speaker 2: or you've got money you want to invest for great returns,

842
00:41:18,880 --> 00:41:20,520
Speaker 2: or maybe you just want to move to a bank

843
00:41:20,560 --> 00:41:23,759
Speaker 2: with a heart, search SBS Bank and find out more.

844
00:41:24,000 --> 00:41:29,760
Speaker 2: SBS Bank pasking right at seven twenty three. Overall, Richard Prebble,

845
00:41:29,800 --> 00:41:31,719
Speaker 2: I think is to be congratulated on quitting the way

846
00:41:31,719 --> 00:41:34,040
Speaker 2: Tangi Tribunal. We talked of this yesterday briefly. There's an

847
00:41:34,120 --> 00:41:36,759
Speaker 2: argument that says he was appointed for a reason. That

848
00:41:36,880 --> 00:41:39,200
Speaker 2: reason might be the alarm with which the current government

849
00:41:39,280 --> 00:41:42,360
Speaker 2: views the tribunal gets someone in there to write the ship.

850
00:41:42,719 --> 00:41:45,839
Speaker 2: Those within the ship might be celebrating what was seen

851
00:41:45,920 --> 00:41:47,960
Speaker 2: as trouble when the appointment was made. You can also

852
00:41:48,120 --> 00:41:50,040
Speaker 2: argue that you can't make change if you aren't in

853
00:41:50,040 --> 00:41:52,480
Speaker 2: the room. This is the counter argument. And if everyone

854
00:41:52,480 --> 00:41:54,440
Speaker 2: in the room makes a Prebble like decision, the inmates

855
00:41:54,440 --> 00:41:57,239
Speaker 2: will carry on more happily with the running of the asylum.

856
00:41:57,320 --> 00:42:01,120
Speaker 2: But on principle, I think is right, and I like

857
00:42:01,200 --> 00:42:03,560
Speaker 2: people driven by principle. I mean, it's easy to take

858
00:42:03,560 --> 00:42:05,880
Speaker 2: the cushy job or to collect the pay while pretending

859
00:42:05,880 --> 00:42:09,160
Speaker 2: your presence makes some sort of difference In reading Prebble's

860
00:42:09,200 --> 00:42:11,319
Speaker 2: piece yesterday, and if you haven't, you should. It is

861
00:42:11,480 --> 00:42:14,120
Speaker 2: very clear that he has worked out that the place

862
00:42:14,160 --> 00:42:16,600
Speaker 2: is so jacked up he won't make a job of difference,

863
00:42:16,600 --> 00:42:18,920
Speaker 2: which leaves us with those who can. As I have

864
00:42:19,080 --> 00:42:22,359
Speaker 2: argued Lord knows how many times now over the years,

865
00:42:22,400 --> 00:42:26,080
Speaker 2: the Tribunal these days is dangerous. Their worldview suited the

866
00:42:26,120 --> 00:42:29,000
Speaker 2: Labour government, and the ensuing reinterpretation of the treaty allowed

867
00:42:29,040 --> 00:42:31,000
Speaker 2: them and the public service to run wild with any

868
00:42:31,080 --> 00:42:34,799
Speaker 2: number of money wasting time, sapping energy draining exercises, all

869
00:42:34,880 --> 00:42:37,439
Speaker 2: run under the misunderstanding that Marai need a completely different

870
00:42:37,480 --> 00:42:40,160
Speaker 2: deal than non Mari. We are not one country, we

871
00:42:40,239 --> 00:42:43,920
Speaker 2: are too. This current government had and campaigned on a

872
00:42:44,000 --> 00:42:47,040
Speaker 2: more realistic view, namely that the Tribunal is guilty of

873
00:42:47,080 --> 00:42:49,240
Speaker 2: massive over Each is wasting a lot of time writing

874
00:42:49,280 --> 00:42:51,680
Speaker 2: a lot of reports that are not legally binding and

875
00:42:52,000 --> 00:42:54,440
Speaker 2: in layman's terms, making it up as they go along.

876
00:42:54,920 --> 00:42:58,200
Speaker 2: Their legitimate duties i e. Historic grievance are with the

877
00:42:58,239 --> 00:43:01,480
Speaker 2: old extreme exception long since dealt to, and the ongoing

878
00:43:01,520 --> 00:43:04,640
Speaker 2: work is artistic dabbling at best. What's holding this government up?

879
00:43:04,640 --> 00:43:07,080
Speaker 2: I got no idea, but no. Small part of the

880
00:43:07,120 --> 00:43:10,560
Speaker 2: last election, increasingly distant in the rearview mirror now, was

881
00:43:10,680 --> 00:43:13,040
Speaker 2: race and race relations and the broad sense that the

882
00:43:13,120 --> 00:43:16,680
Speaker 2: morrification of this place was too ropy. The tribunal needs

883
00:43:16,719 --> 00:43:19,040
Speaker 2: winding up, and before it's wound up, it needs a

884
00:43:19,120 --> 00:43:22,040
Speaker 2: rocket of reality and a kick in the jacksy. They've

885
00:43:22,080 --> 00:43:24,840
Speaker 2: had none of that, which plays sadly into the narrative

886
00:43:24,840 --> 00:43:26,320
Speaker 2: that this government does a lot of talking, not a

887
00:43:26,360 --> 00:43:29,239
Speaker 2: lot of doing, which, like a resignation, plays nicely into

888
00:43:29,280 --> 00:43:33,040
Speaker 2: the hands of the agitators. Asking Trump he's been on

889
00:43:33,080 --> 00:43:35,200
Speaker 2: the truth social just a couple of moments ago, and

890
00:43:35,480 --> 00:43:37,600
Speaker 2: reporting on his phone call this morning with Justin Trudeau

891
00:43:37,600 --> 00:43:40,120
Speaker 2: that was expected visavi the tarifs, He says as follows,

892
00:43:40,320 --> 00:43:43,480
Speaker 2: Justin called me what could be done about tariffs. I

893
00:43:43,480 --> 00:43:45,680
Speaker 2: told him that many people had died from fentanyl that

894
00:43:45,719 --> 00:43:48,000
Speaker 2: came through the borders of Canada and Mexico, and nothing

895
00:43:48,000 --> 00:43:50,960
Speaker 2: has convinced me that it stopped. He said that it's

896
00:43:50,960 --> 00:43:54,319
Speaker 2: gotten better, but I said that's not good enough. The

897
00:43:54,360 --> 00:43:58,399
Speaker 2: call ended in quote unquote somewhat friendly manner exclamation mark.

898
00:43:58,880 --> 00:44:01,560
Speaker 2: He was unable to tell when the Canadian election is

899
00:44:01,600 --> 00:44:05,239
Speaker 2: taking place, which made me curious, like what's going on here?

900
00:44:06,880 --> 00:44:08,920
Speaker 2: I then realized he's trying to use this issue to

901
00:44:08,960 --> 00:44:12,560
Speaker 2: stay in power. Good luck justin exclamation mark for anyone

902
00:44:12,560 --> 00:44:16,200
Speaker 2: who's interested. I also told Governor Justin Trudeau of Canada

903
00:44:16,360 --> 00:44:18,600
Speaker 2: that he largely caused the problems we have with them

904
00:44:18,640 --> 00:44:21,200
Speaker 2: because of his weak border policies, which allowed the tremendous

905
00:44:21,200 --> 00:44:23,880
Speaker 2: amounts of fentanyl and illegal aliens to pour into the

906
00:44:23,960 --> 00:44:27,239
Speaker 2: United States. These policies are responsible for the depth of

907
00:44:27,320 --> 00:44:31,399
Speaker 2: many people. So that's just Trump a couple of moments ago, Mike,

908
00:44:31,560 --> 00:44:33,160
Speaker 2: or should have gone a long time ago. Time for

909
00:44:33,200 --> 00:44:36,840
Speaker 2: New Zealand to cut the fiscal rot Love Jeff Mortlock

910
00:44:36,920 --> 00:44:39,719
Speaker 2: Michael well respected, knowledgeable individual, respected across the world and

911
00:44:39,760 --> 00:44:42,799
Speaker 2: has worked in the most prestigious of organizations. Morning, Mike.

912
00:44:42,840 --> 00:44:45,319
Speaker 2: I don't think I've heard anybody talk of his resignators

913
00:44:45,320 --> 00:44:47,560
Speaker 2: and notice which for people and senior roles of his

914
00:44:47,640 --> 00:44:49,640
Speaker 2: nature would normally be something in a vicinity of six months.

915
00:44:49,640 --> 00:44:53,520
Speaker 2: Will Andrew did earlier on this morning, and the transition plan,

916
00:44:53,719 --> 00:44:56,160
Speaker 2: which is normal. You go, Will Adrian's out as of

917
00:44:56,239 --> 00:44:58,200
Speaker 2: the end of his contract or He's decided to retire

918
00:44:58,200 --> 00:45:00,760
Speaker 2: a little bit early, and let me introduce stud DeMarcus,

919
00:45:00,800 --> 00:45:03,000
Speaker 2: who had been bringing on for you that none of

920
00:45:03,000 --> 00:45:06,800
Speaker 2: that's happened. So what's happened. He's packed a massive sad

921
00:45:06,920 --> 00:45:09,200
Speaker 2: because that's the sort of person he is, and he's

922
00:45:09,200 --> 00:45:11,760
Speaker 2: stormed off on holiday. That's the beginning of the middle

923
00:45:11,840 --> 00:45:12,520
Speaker 2: and the end of it.

924
00:45:14,920 --> 00:45:18,880
Speaker 1: New Zealand's voice of reason is Mike the Mic asking

925
00:45:18,960 --> 00:45:22,839
Speaker 1: breakfast with Bailey's real estate, finding the buyers others can't

926
00:45:22,960 --> 00:45:24,279
Speaker 1: use togs Head Bell.

927
00:45:24,000 --> 00:45:25,960
Speaker 2: Quickly go to the White House and by the way,

928
00:45:26,000 --> 00:45:27,719
Speaker 2: Peter Gordon IV and wanted to get Peter Gordon on

929
00:45:27,760 --> 00:45:29,640
Speaker 2: for a while to just get a vibe on the

930
00:45:29,640 --> 00:45:31,440
Speaker 2: hospital scene in this country and see what's going on.

931
00:45:31,480 --> 00:45:32,759
Speaker 2: Here's misleave it at the White House.

932
00:45:33,200 --> 00:45:35,600
Speaker 21: One of the only things that could get Democrats off

933
00:45:35,600 --> 00:45:39,640
Speaker 21: their feet last night was cheering for Ukraine, not for America.

934
00:45:40,640 --> 00:45:43,400
Speaker 21: Last night was a very clarifying moment for our country.

935
00:45:43,640 --> 00:45:47,880
Speaker 21: The Democrats exposed themselves as the party of insanity and hate,

936
00:45:48,360 --> 00:45:52,200
Speaker 21: the party that wants to put America last. They've allowed

937
00:45:52,239 --> 00:45:55,640
Speaker 21: their Trump arrangement syndrome to stop them from celebrating America

938
00:45:56,120 --> 00:45:58,640
Speaker 21: and our people. And we will not allow them to

939
00:45:58,680 --> 00:46:00,160
Speaker 21: forget that.

940
00:46:02,280 --> 00:46:05,400
Speaker 2: There's an article floating about this morning that says that

941
00:46:05,440 --> 00:46:07,360
Speaker 2: Stephen A. Smith could run for the Democrats if I

942
00:46:07,400 --> 00:46:09,520
Speaker 2: had time. Not come to that in death money anyway,

943
00:46:09,560 --> 00:46:11,960
Speaker 2: back here from the old education file, lot's going on

944
00:46:12,080 --> 00:46:14,520
Speaker 2: exams that aren't being passed in principles, wanting extra credit

945
00:46:14,600 --> 00:46:16,640
Speaker 2: so kids don't give up and leave school? Dare I

946
00:46:16,719 --> 00:46:19,560
Speaker 2: mention the lunches? And now news on property post the

947
00:46:19,600 --> 00:46:22,480
Speaker 2: mess uncovered last October, we have seen as follows, a

948
00:46:22,520 --> 00:46:24,880
Speaker 2: thirty five percent increase of the number of prefab classrooms

949
00:46:24,920 --> 00:46:27,560
Speaker 2: being delivered. Average classroom costs have also fallen from one

950
00:46:27,560 --> 00:46:29,440
Speaker 2: point two million dollars down to eight hundred and seventy

951
00:46:29,480 --> 00:46:32,200
Speaker 2: thousand dollars, and school maintenance is also getting a thirty

952
00:46:32,239 --> 00:46:35,239
Speaker 2: four percent funding increase. The person in chargeable this is

953
00:46:35,239 --> 00:46:37,880
Speaker 2: the Education Minister of course, Erica Stanford, who was with us.

954
00:46:37,920 --> 00:46:41,080
Speaker 2: Very good morning to you. Good morning mate. The one

955
00:46:41,080 --> 00:46:43,600
Speaker 2: point two down to eight hundred and seventy was that easy?

956
00:46:43,680 --> 00:46:46,279
Speaker 2: Was there so much bespoke designing going on? You could

957
00:46:46,280 --> 00:46:47,520
Speaker 2: slice with alacrity.

958
00:46:48,760 --> 00:46:51,719
Speaker 10: There was you know, it didn't actually take a huge

959
00:46:51,719 --> 00:46:55,319
Speaker 10: amount of effort to really drive efficiencies through using these

960
00:46:55,360 --> 00:46:57,400
Speaker 10: off tite manufactured bills, and we went I've been to

961
00:46:57,480 --> 00:46:59,919
Speaker 10: visit a bunch of them. They're do an amazing job,

962
00:47:00,000 --> 00:47:01,520
Speaker 10: A warm, safe, dry, I mean.

963
00:47:01,440 --> 00:47:02,280
Speaker 14: Well into the girls.

964
00:47:02,320 --> 00:47:06,600
Speaker 10: We built four two story blocks, fourteen classrooms and twelve

965
00:47:06,640 --> 00:47:08,600
Speaker 10: weeks at a cost of five hundred and fifty thousand

966
00:47:08,600 --> 00:47:11,240
Speaker 10: dollars each. You know, when when you put your shoulder

967
00:47:11,239 --> 00:47:12,640
Speaker 10: to the wheel, you know you get results.

968
00:47:12,760 --> 00:47:14,960
Speaker 2: Whose shoulder is at the wheel? Is it yours? We

969
00:47:15,040 --> 00:47:16,520
Speaker 2: sort of talked about this the other day. I mean,

970
00:47:16,560 --> 00:47:18,720
Speaker 2: how does this this one point two million dollars bespoke

971
00:47:18,760 --> 00:47:22,000
Speaker 2: stuff go away? Do bureaucrats simply follow instructions? At no

972
00:47:22,080 --> 00:47:24,839
Speaker 2: point does anybody go this seems expensive?

973
00:47:26,840 --> 00:47:28,680
Speaker 19: Well, look, all I can.

974
00:47:28,560 --> 00:47:31,680
Speaker 10: Say is that the Ministry has been responding to the

975
00:47:31,719 --> 00:47:33,919
Speaker 10: things that I've been asking them to do. And when

976
00:47:33,920 --> 00:47:36,279
Speaker 10: we did the report and flushed it reading out and said, hey,

977
00:47:36,320 --> 00:47:38,239
Speaker 10: we're going to change our behavior. We're not going to

978
00:47:38,320 --> 00:47:40,200
Speaker 10: overpromipt and under the level, we're not going to have

979
00:47:40,239 --> 00:47:42,480
Speaker 10: poor communication, and we're going to drive efficient bees through

980
00:47:42,560 --> 00:47:47,399
Speaker 10: using ombs and repeatable designs when we can't. They did

981
00:47:47,400 --> 00:47:48,800
Speaker 10: what I asked, and we're doing it.

982
00:47:48,800 --> 00:47:49,640
Speaker 14: But I still got a.

983
00:47:49,640 --> 00:47:50,719
Speaker 10: Long way to go, don't get me wrong.

984
00:47:50,800 --> 00:47:53,480
Speaker 2: Well, that was my next question because it's classic government announcement,

985
00:47:53,560 --> 00:47:56,480
Speaker 2: thirty four percent funding increase. Does that solve a problem

986
00:47:56,560 --> 00:47:58,520
Speaker 2: or is it just a thirty four percent funding increase.

987
00:48:00,000 --> 00:48:03,040
Speaker 10: It was around the maintenance and that's the depreciation stuff

988
00:48:03,040 --> 00:48:06,400
Speaker 10: we're talking about. So that's the going into classrooms and

989
00:48:06,400 --> 00:48:10,000
Speaker 10: replacing moldy walls and walls that are falling apart, and

990
00:48:10,040 --> 00:48:12,080
Speaker 10: that's really been neglected for the last six years.

991
00:48:12,080 --> 00:48:13,880
Speaker 19: It's really easy to.

992
00:48:13,400 --> 00:48:15,279
Speaker 10: Defer that stuff and not put any money in. So

993
00:48:15,280 --> 00:48:18,440
Speaker 10: we've put about seven hundred million dollars in last budget,

994
00:48:18,440 --> 00:48:21,640
Speaker 10: which was well more than the last six years combined.

995
00:48:21,680 --> 00:48:23,440
Speaker 10: Because we know that if you don't want to have

996
00:48:23,480 --> 00:48:26,319
Speaker 10: to keep building your classrooms, you maintain the old ones.

997
00:48:26,360 --> 00:48:27,759
Speaker 10: It's not a real no brainer.

998
00:48:27,600 --> 00:48:30,040
Speaker 2: No indeed. But does it solve a problem or does

999
00:48:30,080 --> 00:48:31,560
Speaker 2: it just scratch the surface.

1000
00:48:33,120 --> 00:48:35,240
Speaker 10: It's gone a part of a way to solve a problem.

1001
00:48:35,320 --> 00:48:37,839
Speaker 10: There's a big problem. We haven't maintained buildings properly for

1002
00:48:37,880 --> 00:48:39,920
Speaker 10: a very long time, and we haven't been keeping up

1003
00:48:39,920 --> 00:48:43,080
Speaker 10: with building enough classrooms because they've been we've been funneling

1004
00:48:43,080 --> 00:48:44,920
Speaker 10: too much money into the spark stuff so we are

1005
00:48:45,000 --> 00:48:47,400
Speaker 10: behind and that's why we're playing a massive catch up.

1006
00:48:47,440 --> 00:48:49,120
Speaker 10: But I'm going to have some announcements over the next

1007
00:48:49,200 --> 00:48:52,200
Speaker 10: few weeks that we're able to now do because of

1008
00:48:52,239 --> 00:48:55,080
Speaker 10: the fact that we've been so efficient, so we can

1009
00:48:55,120 --> 00:48:55,880
Speaker 10: build all classrooms.

1010
00:48:55,880 --> 00:48:57,919
Speaker 2: So that's two point four billion and the budget, et cetera.

1011
00:48:58,040 --> 00:48:59,759
Speaker 2: So you won't be tapping into that. This is just

1012
00:49:00,040 --> 00:49:04,720
Speaker 2: money saving that you spend in better places elsewhere. Absolutely, Okay,

1013
00:49:04,960 --> 00:49:07,320
Speaker 2: the credits argument, while I've got you this business that

1014
00:49:07,480 --> 00:49:09,600
Speaker 2: goes from should go from twenty to sixty and these

1015
00:49:09,680 --> 00:49:12,360
Speaker 2: kids leaving school and we need to go soft, is

1016
00:49:12,400 --> 00:49:14,600
Speaker 2: there an argument for that at all or not?

1017
00:49:16,640 --> 00:49:18,520
Speaker 10: There's no argument. And the reason there is no argument

1018
00:49:18,560 --> 00:49:20,360
Speaker 10: is because I know every single one of those kids,

1019
00:49:20,840 --> 00:49:23,439
Speaker 10: every single one. I've asked the ministry to go out.

1020
00:49:23,640 --> 00:49:25,719
Speaker 10: I'd work out who were the children last year who

1021
00:49:26,040 --> 00:49:29,400
Speaker 10: sat year eleven the corequisite through literacy and numerous exams,

1022
00:49:29,440 --> 00:49:31,520
Speaker 10: and pass them that come back to year twelve, and

1023
00:49:31,600 --> 00:49:33,600
Speaker 10: we are targeting every single one of them. We've put

1024
00:49:33,600 --> 00:49:37,120
Speaker 10: on millions of dollars of professional learning and development and

1025
00:49:37,239 --> 00:49:39,799
Speaker 10: release time to help teachers work with these students to

1026
00:49:39,800 --> 00:49:42,000
Speaker 10: get them across the line, because all we do, if

1027
00:49:42,000 --> 00:49:44,080
Speaker 10: we lower the stands and lower the paris, we push

1028
00:49:44,120 --> 00:49:46,680
Speaker 10: the problem somewhere else. And we know the life outcomes

1029
00:49:46,680 --> 00:49:48,800
Speaker 10: for those children the longer we keep them at school

1030
00:49:49,000 --> 00:49:50,480
Speaker 10: and the more we do to get them across the

1031
00:49:50,480 --> 00:49:53,160
Speaker 10: line with basic literacy and numeracy. And by the way,

1032
00:49:53,440 --> 00:49:56,560
Speaker 10: these assessments are set at the end of intermediate, this

1033
00:49:56,640 --> 00:49:59,960
Speaker 10: is not like trigonometry and calculus. This is life, Livia,

1034
00:50:00,040 --> 00:50:02,319
Speaker 10: life stuff. We have to get them across the line,

1035
00:50:02,320 --> 00:50:05,120
Speaker 10: and I'm not prepared to lower the bar, and we

1036
00:50:05,160 --> 00:50:06,120
Speaker 10: will continue to work.

1037
00:50:05,960 --> 00:50:06,279
Speaker 3: Hard with you.

1038
00:50:06,640 --> 00:50:08,800
Speaker 2: Do we have an attitude problem within the teaching community

1039
00:50:08,840 --> 00:50:11,800
Speaker 2: without getting too aggressive about it, is there a problem

1040
00:50:11,840 --> 00:50:14,160
Speaker 2: there that they like to talk about giving up as

1041
00:50:14,160 --> 00:50:15,920
Speaker 2: opposed to being determined not to.

1042
00:50:17,760 --> 00:50:17,960
Speaker 3: Look.

1043
00:50:18,040 --> 00:50:20,280
Speaker 10: I don't know. It's tough for them. And the reason

1044
00:50:20,280 --> 00:50:22,080
Speaker 10: it's tough is I've been a lumped with this. The

1045
00:50:22,120 --> 00:50:26,000
Speaker 10: previous government put the literacy numercy assessment in place and

1046
00:50:26,120 --> 00:50:27,240
Speaker 10: kind of went with the high school's.

1047
00:50:27,239 --> 00:50:27,800
Speaker 16: Good luck to you.

1048
00:50:27,960 --> 00:50:30,319
Speaker 10: They didn't do anything else. There's no new curriculum, there

1049
00:50:30,360 --> 00:50:32,919
Speaker 10: was no new materials, there was no new assessment plan,

1050
00:50:32,960 --> 00:50:35,680
Speaker 10: there was no professional learning development that they stopped math,

1051
00:50:35,760 --> 00:50:39,440
Speaker 10: professional learning development. They deprioritized it. So all of the things,

1052
00:50:39,440 --> 00:50:42,240
Speaker 10: the ingredients you need to get these kids up to standard,

1053
00:50:42,280 --> 00:50:44,360
Speaker 10: they didn't do. And so you can feel for the

1054
00:50:44,400 --> 00:50:46,759
Speaker 10: high schools who are going well, thanks very much. We

1055
00:50:46,840 --> 00:50:50,520
Speaker 10: now have these children who are failing and it's up

1056
00:50:50,560 --> 00:50:53,200
Speaker 10: to us. We've got years of learning to make up for.

1057
00:50:53,320 --> 00:50:55,560
Speaker 10: So I understand that they're feeling really under pressure and

1058
00:50:55,600 --> 00:50:57,640
Speaker 10: I'm trying to support them the best I can.

1059
00:50:58,080 --> 00:51:00,560
Speaker 2: Is there a relationship because I took person the Lumbridge

1060
00:51:00,600 --> 00:51:03,360
Speaker 2: having come from what you would loosely call a poor

1061
00:51:03,440 --> 00:51:10,480
Speaker 2: background myself? Can you correlate economic circumstances directly with desire

1062
00:51:10,520 --> 00:51:11,840
Speaker 2: to pass an exam or not?

1063
00:51:14,760 --> 00:51:14,960
Speaker 7: No?

1064
00:51:15,480 --> 00:51:18,480
Speaker 10: It is Look, if you are from a poorer background,

1065
00:51:18,880 --> 00:51:21,600
Speaker 10: your means certainly determine your destiny in this country. It

1066
00:51:21,640 --> 00:51:25,200
Speaker 10: has done on trying to change that, and that you know,

1067
00:51:25,400 --> 00:51:28,280
Speaker 10: you don't have as many opportunities as well as your kids. However,

1068
00:51:29,360 --> 00:51:33,040
Speaker 10: the real driver is that we haven't been setting kids

1069
00:51:33,080 --> 00:51:35,759
Speaker 10: up to sit exams. You know, some kids do not

1070
00:51:35,840 --> 00:51:38,880
Speaker 10: sit their first exam until they're in year eleven or

1071
00:51:38,960 --> 00:51:41,080
Speaker 10: year twelve, and we expect them to pass. It's no

1072
00:51:41,560 --> 00:51:43,759
Speaker 10: building of good habits and study habits and how you

1073
00:51:43,800 --> 00:51:46,040
Speaker 10: sit an exam because we've been so illergic because we

1074
00:51:46,040 --> 00:51:48,320
Speaker 10: think that it's terrible for the mental health a test

1075
00:51:48,360 --> 00:51:50,960
Speaker 10: for goodness sake, we're changing that. But those kids from

1076
00:51:51,000 --> 00:51:54,400
Speaker 10: poorer background don't have parents who have got the means

1077
00:51:54,480 --> 00:51:57,520
Speaker 10: or often the time to be able to help them

1078
00:51:57,520 --> 00:51:59,320
Speaker 10: out to get ready. So that's why you get this

1079
00:51:59,400 --> 00:52:02,200
Speaker 10: Matthew effect of the rich getting richer and the poor

1080
00:52:02,239 --> 00:52:04,360
Speaker 10: get poor and the education system.

1081
00:52:04,040 --> 00:52:07,600
Speaker 2: Right in very simple terms, do you not like David Seymour, Yeah,

1082
00:52:07,600 --> 00:52:08,000
Speaker 2: we cant.

1083
00:52:07,920 --> 00:52:09,440
Speaker 10: All here very well.

1084
00:52:09,800 --> 00:52:10,960
Speaker 2: Is it a media pile on?

1085
00:52:11,000 --> 00:52:11,200
Speaker 16: Then?

1086
00:52:12,120 --> 00:52:14,120
Speaker 10: Ah, it is absolutely a media pile on.

1087
00:52:14,560 --> 00:52:15,680
Speaker 19: We do think regularly to.

1088
00:52:15,680 --> 00:52:19,640
Speaker 10: Go over the issues, the whole demanding answers with absolute

1089
00:52:19,719 --> 00:52:22,279
Speaker 10: media beat up. They've decided unlike you know, they like

1090
00:52:22,360 --> 00:52:25,319
Speaker 10: the sensationalized stuff and create stories where there is really

1091
00:52:25,320 --> 00:52:26,560
Speaker 10: nothing but there you go.

1092
00:52:27,400 --> 00:52:29,279
Speaker 2: Nice to talk to you appreciate it. Erica Stanford, the

1093
00:52:29,360 --> 00:52:33,640
Speaker 2: Education Minister, our time and what a time it has been.

1094
00:52:34,040 --> 00:52:36,120
Speaker 2: Were the Adrian or over the years? Next sixteen too.

1095
00:52:37,239 --> 00:52:41,760
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio powered

1096
00:52:41,760 --> 00:52:42,479
Speaker 1: by News Talks.

1097
00:52:42,520 --> 00:52:46,040
Speaker 2: It'd be Mike most importantly, it's only seventy one days

1098
00:52:46,120 --> 00:52:48,440
Speaker 2: until Clarkson's Farm Season four starts. I didn't know that

1099
00:52:48,680 --> 00:52:51,360
Speaker 2: seventy one days doesn't seem that far away. So I

1100
00:52:51,400 --> 00:52:54,800
Speaker 2: am now officially quite excited a little bit. Now yesterday,

1101
00:52:54,840 --> 00:52:56,920
Speaker 2: what was going to happen to Adrian? Or chances are

1102
00:52:56,920 --> 00:52:59,239
Speaker 2: he is never going to be on the program again. Fortunately,

1103
00:52:59,280 --> 00:53:05,120
Speaker 2: when he did turn up it was always interesting impression.

1104
00:53:05,239 --> 00:53:10,799
Speaker 13: So far, there are a lot of challenges well identified.

1105
00:53:16,920 --> 00:53:18,360
Speaker 19: We're just going to have to roll with it.

1106
00:53:21,719 --> 00:53:24,200
Speaker 13: We don't have the tools, and we shouldn't be in

1107
00:53:24,200 --> 00:53:26,440
Speaker 13: the position of saying who gets what? We are in

1108
00:53:26,440 --> 00:53:28,640
Speaker 13: a much better position when you have had at this

1109
00:53:28,680 --> 00:53:29,480
Speaker 13: time last year.

1110
00:53:29,560 --> 00:53:31,600
Speaker 2: How can we argue the economy is good when it's

1111
00:53:31,640 --> 00:53:33,120
Speaker 2: barely out of recession?

1112
00:53:34,120 --> 00:53:34,359
Speaker 20: Yeah?

1113
00:53:34,400 --> 00:53:37,160
Speaker 13: I think you know, probably I'll take the emotional word

1114
00:53:37,280 --> 00:53:39,359
Speaker 13: good out of the way. Where you are through this

1115
00:53:39,440 --> 00:53:41,000
Speaker 13: incredibly volatile period.

1116
00:53:41,080 --> 00:53:43,640
Speaker 2: Do you have any clue? Does anybody have any clue

1117
00:53:43,920 --> 00:53:44,560
Speaker 2: when it ends?

1118
00:53:46,719 --> 00:53:46,959
Speaker 19: Well?

1119
00:53:48,719 --> 00:53:52,839
Speaker 2: No, have you engineered a soft landing? In other words,

1120
00:53:52,880 --> 00:54:00,040
Speaker 2: you've landed a seven four seven on a dime, So

1121
00:54:00,800 --> 00:54:05,200
Speaker 2: you know it's going to be for your heart? Now

1122
00:54:05,640 --> 00:54:09,759
Speaker 2: was shouted, I was torn at are you disappointed we

1123
00:54:09,840 --> 00:54:10,239
Speaker 2: are here.

1124
00:54:13,280 --> 00:54:15,480
Speaker 13: I lasly expected to be here.

1125
00:54:15,800 --> 00:54:19,600
Speaker 2: You cannot do anything more than you've done, except completely

1126
00:54:19,640 --> 00:54:22,719
Speaker 2: stuffy economy by going to five seven five or even

1127
00:54:22,760 --> 00:54:25,799
Speaker 2: sexual threatening to while all these other idiots out there

1128
00:54:26,280 --> 00:54:35,800
Speaker 2: don't care. Yeah, yeah, it's a three trucker.

1129
00:54:37,440 --> 00:54:46,080
Speaker 13: Inflation, inflation expectations and priceding behaviors are now consistent. We

1130
00:54:46,160 --> 00:54:48,719
Speaker 13: can't drive nuitary policy through the rear vision.

1131
00:54:50,440 --> 00:54:52,840
Speaker 2: If fair value is fifty seven US and forty five P,

1132
00:54:53,000 --> 00:54:57,760
Speaker 2: what's that tell you about New Zealand economy and the country.

1133
00:54:59,040 --> 00:54:59,960
Speaker 12: Well, that's right.

1134
00:55:01,200 --> 00:55:08,799
Speaker 13: If we get significant global inflation, come back again, we're

1135
00:55:08,800 --> 00:55:09,359
Speaker 13: going to wear it.

1136
00:55:09,400 --> 00:55:12,800
Speaker 2: Do you carry any responsibility? Do you think for the

1137
00:55:12,880 --> 00:55:15,280
Speaker 2: number of people who are packed up and left because

1138
00:55:15,280 --> 00:55:17,200
Speaker 2: we're buggered and you buy it.

1139
00:55:17,360 --> 00:55:24,080
Speaker 13: Monetary policy, we focus on low and stable inflation. That's

1140
00:55:24,120 --> 00:55:25,440
Speaker 13: all we can provide.

1141
00:55:26,080 --> 00:55:27,840
Speaker 2: Surely we can go to New Zealand on air and

1142
00:55:27,840 --> 00:55:30,640
Speaker 2: get a comedy grant out of that. Adrian Or on

1143
00:55:30,680 --> 00:55:32,680
Speaker 2: the mic asking Breakfast Tenderweight.

1144
00:55:32,840 --> 00:55:35,920
Speaker 1: From the mic casking Breakfast with the range Rover, the

1145
00:55:36,040 --> 00:55:37,319
Speaker 1: LA News, Togstad b.

1146
00:55:37,480 --> 00:55:39,200
Speaker 2: Gif Peter Gordon. In a moment, I'll explain all this

1147
00:55:39,280 --> 00:55:41,200
Speaker 2: Sally seven away from it. In the meantime, let's look

1148
00:55:41,200 --> 00:55:46,279
Speaker 2: at Northland's horsepoo issue. We have a bye law being

1149
00:55:46,320 --> 00:55:49,000
Speaker 2: considered that we'll hold riders accountable for their deposits. The

1150
00:55:49,040 --> 00:55:51,120
Speaker 2: varn Lord Deputy Mayor Kelly Stratford is with us on

1151
00:55:51,160 --> 00:55:52,279
Speaker 2: this Kelly morning.

1152
00:55:53,040 --> 00:55:54,640
Speaker 17: Good morning, how are you this morning?

1153
00:55:54,800 --> 00:55:56,800
Speaker 2: Very well? Indeed, what we're dealing with here, I'm assuming

1154
00:55:56,960 --> 00:55:58,640
Speaker 2: is a lot of horses and a lot of country roads.

1155
00:55:58,680 --> 00:55:59,040
Speaker 2: Is that right?

1156
00:56:00,120 --> 00:56:00,239
Speaker 14: Oh?

1157
00:56:00,640 --> 00:56:02,719
Speaker 17: We have a keeping of animals by law that we

1158
00:56:02,840 --> 00:56:05,279
Speaker 17: consulted on and there was one little line in there

1159
00:56:05,320 --> 00:56:11,040
Speaker 17: about packing up your horse newer in public spaces. And

1160
00:56:11,440 --> 00:56:14,680
Speaker 17: instead of this by law creating a lot of division

1161
00:56:14,920 --> 00:56:18,640
Speaker 17: over the cats de six thing, it's come down to

1162
00:56:18,719 --> 00:56:20,160
Speaker 17: the horse food here.

1163
00:56:20,480 --> 00:56:22,239
Speaker 2: Yeah, well they wouldn't.

1164
00:56:22,320 --> 00:56:26,680
Speaker 17: People riding on roads. It's just in things like town

1165
00:56:26,760 --> 00:56:28,640
Speaker 17: squares and public space.

1166
00:56:28,719 --> 00:56:29,960
Speaker 2: Do you get a lot of people on a horse

1167
00:56:30,000 --> 00:56:32,040
Speaker 2: in the town square? Because see, I spent a bit

1168
00:56:32,040 --> 00:56:33,600
Speaker 2: of time my time in the country and we've got

1169
00:56:33,640 --> 00:56:36,040
Speaker 2: horses out there, and the horse rides along the lane

1170
00:56:36,080 --> 00:56:38,120
Speaker 2: and the horse does the business and no one expecting

1171
00:56:38,080 --> 00:56:39,759
Speaker 2: anyone to pick it up. It's a horse, for God's

1172
00:56:39,760 --> 00:56:40,600
Speaker 2: sakeing it's the country.

1173
00:56:41,239 --> 00:56:44,600
Speaker 17: You're exactly right. There's mountain made out of a mole

1174
00:56:45,239 --> 00:56:48,880
Speaker 17: hill here, and going through the consultation process of a

1175
00:56:48,960 --> 00:56:54,240
Speaker 17: bylaw is the opportunity for people to have their voice

1176
00:56:54,280 --> 00:56:57,719
Speaker 17: about things that seem to be ridiculous but aren't actually real.

1177
00:56:58,120 --> 00:57:00,960
Speaker 2: Oh, there's too much consultation, Kelly. This too much consultation

1178
00:57:01,080 --> 00:57:02,080
Speaker 2: on bollocks going on.

1179
00:57:04,040 --> 00:57:05,720
Speaker 17: Well, we're talking horses, not bollocks.

1180
00:57:05,800 --> 00:57:07,919
Speaker 2: So well, no, that is true, But I just wonder

1181
00:57:08,000 --> 00:57:10,239
Speaker 2: it's one of those things if you ask people were going, well,

1182
00:57:10,239 --> 00:57:12,400
Speaker 2: I'll tell you what, and then they'll tell you your story,

1183
00:57:12,400 --> 00:57:14,040
Speaker 2: and the next thing you know, you've got far too

1184
00:57:14,120 --> 00:57:14,880
Speaker 2: much consultation.

1185
00:57:16,200 --> 00:57:19,160
Speaker 17: I just can't believe that we're having this conversation about

1186
00:57:19,160 --> 00:57:23,080
Speaker 17: this consultation of all the interviews that we could be doing.

1187
00:57:23,160 --> 00:57:25,000
Speaker 2: Well, what would you like to do an interview on Kelly.

1188
00:57:25,960 --> 00:57:29,360
Speaker 2: Participation in the local body politics? Are you standing again.

1189
00:57:30,000 --> 00:57:30,720
Speaker 17: As I am?

1190
00:57:31,040 --> 00:57:31,240
Speaker 16: Yep.

1191
00:57:31,360 --> 00:57:36,320
Speaker 17: The elections are coming up in October, and yeah, I'm

1192
00:57:36,400 --> 00:57:38,800
Speaker 17: enjoying myself and I feel like I've got a lot

1193
00:57:38,800 --> 00:57:41,320
Speaker 17: more to do on the local government.

1194
00:57:42,400 --> 00:57:45,160
Speaker 2: What's the participation rate in your particular part of the world.

1195
00:57:45,840 --> 00:57:47,560
Speaker 17: I think I was sitting at around forty one.

1196
00:57:49,000 --> 00:57:50,760
Speaker 2: I mean you should be consulting on that, shouldn't you.

1197
00:57:51,520 --> 00:57:55,720
Speaker 17: Well, our ce has it as a KPI to increase

1198
00:57:55,840 --> 00:57:59,080
Speaker 17: so to participation in engagement, and we actually had a

1199
00:57:59,120 --> 00:58:02,600
Speaker 17: really good event last year explain to people what council does.

1200
00:58:02,640 --> 00:58:06,400
Speaker 17: It was called the State of the Far North, which

1201
00:58:07,200 --> 00:58:10,480
Speaker 17: it lifted the load and it made people more aware

1202
00:58:10,480 --> 00:58:13,600
Speaker 17: of what councils actually do. And yeah, a lot of

1203
00:58:13,640 --> 00:58:16,160
Speaker 17: people felt more informed. So we want to see more

1204
00:58:16,200 --> 00:58:19,880
Speaker 17: of that good, not just and it's not about a campaign.

1205
00:58:20,000 --> 00:58:24,800
Speaker 17: It's about our council making people making, making local government

1206
00:58:24,800 --> 00:58:26,440
Speaker 17: more relevant than people go.

1207
00:58:27,080 --> 00:58:29,720
Speaker 2: Well, I hope that right across the country more people

1208
00:58:29,760 --> 00:58:32,000
Speaker 2: turn up for the election this year because I tell

1209
00:58:32,040 --> 00:58:34,480
Speaker 2: you people moan a lot, but then having known they

1210
00:58:34,480 --> 00:58:35,840
Speaker 2: don't participate.

1211
00:58:36,000 --> 00:58:38,200
Speaker 17: Yeah, it's certainly best than just the vote.

1212
00:58:38,320 --> 00:58:40,800
Speaker 2: Couldn't agree more with your Kelly. My apologies for bringing

1213
00:58:40,880 --> 00:58:43,240
Speaker 2: up about the horsepoop will never it will never happen again.

1214
00:58:43,680 --> 00:58:46,520
Speaker 2: It will never happen again. I'll blame other people. But

1215
00:58:46,640 --> 00:58:49,200
Speaker 2: you know we've had a nice chat anyway, haven't we. Yes,

1216
00:58:49,240 --> 00:58:51,400
Speaker 2: we have good on You're nice to talk to you, Kelly, Kelly,

1217
00:58:51,400 --> 00:58:54,560
Speaker 2: Stratford far No, definitely, Miss Sam who's in charge of

1218
00:58:54,600 --> 00:58:56,520
Speaker 2: that nonsense. Don't want to see that nonsense on that

1219
00:58:56,560 --> 00:59:00,480
Speaker 2: program anymore. Please five to four Supreme Court the cutting

1220
00:59:00,560 --> 00:59:03,600
Speaker 2: of the aid that they want three and a half

1221
00:59:03,640 --> 00:59:07,280
Speaker 2: billion dollars worth. The Conservative Supreme Court it has said no,

1222
00:59:07,480 --> 00:59:10,640
Speaker 2: you cannot cut the aid. So none will not be happy.

1223
00:59:10,840 --> 00:59:13,560
Speaker 2: Or he's at a phone call with Justin he's not

1224
00:59:13,600 --> 00:59:15,320
Speaker 2: happy about that, and he's not happy now with the

1225
00:59:15,320 --> 00:59:16,920
Speaker 2: Supreme Court. I don't know what he's going to do

1226
00:59:16,960 --> 00:59:20,439
Speaker 2: about it, right, Pleeta Gordon. The hospow industry. After the news,

1227
00:59:20,440 --> 00:59:22,920
Speaker 2: which is next? You're on the my Cosking Breakfast.

1228
00:59:29,840 --> 00:59:35,840
Speaker 1: Mike coskame instateful, engaging and idle, the my Casking Breakfast

1229
00:59:36,040 --> 00:59:40,400
Speaker 1: with a Vida Retirement Communities, Life Your Way news togs Head.

1230
00:59:40,320 --> 00:59:45,120
Speaker 2: Be right over to seven past day. But I wanted

1231
00:59:45,160 --> 00:59:48,400
Speaker 2: to get an insight into the hospow sector. Depending on

1232
00:59:48,440 --> 00:59:50,080
Speaker 2: who you listen to these days depends on how well

1233
00:59:50,080 --> 00:59:52,360
Speaker 2: it's firing. Right, So the headline material is we are

1234
00:59:52,400 --> 00:59:54,800
Speaker 2: not spending any number of well estabilised operators are going

1235
00:59:54,800 --> 00:59:57,120
Speaker 2: to the wall. And yet over summer we Caddy and

1236
00:59:57,200 --> 00:59:59,800
Speaker 2: I have experienced basically the opposite. There are people that

1237
00:59:59,840 --> 01:00:02,360
Speaker 2: are that are hard to find. It's impossible to get

1238
01:00:02,360 --> 01:00:05,040
Speaker 2: a booking. There seems no shortage of good operators doing

1239
01:00:05,280 --> 01:00:08,680
Speaker 2: just fine. Thank you so some expertise from Sheer Peter Gordon.

1240
01:00:08,720 --> 01:00:10,280
Speaker 2: It also happens, by the way, to be heading to

1241
01:00:10,320 --> 01:00:14,760
Speaker 2: our first ever meatball festival in Hawks Bay, and peters.

1242
01:00:14,360 --> 01:00:17,000
Speaker 22: Willis very good morning, oh good morning, and lovely, lovely

1243
01:00:17,040 --> 01:00:17,760
Speaker 22: to see you now.

1244
01:00:17,760 --> 01:00:19,400
Speaker 2: We've been wanting to get you in for ages for

1245
01:00:19,440 --> 01:00:21,480
Speaker 2: a variety of things. And some of the things I've

1246
01:00:21,480 --> 01:00:24,800
Speaker 2: observed over the holiday period in terms of the hospitality

1247
01:00:24,840 --> 01:00:27,080
Speaker 2: industry and who's doing well and who isn't and how

1248
01:00:27,160 --> 01:00:28,960
Speaker 2: you can do well and so on and so forth.

1249
01:00:29,120 --> 01:00:33,280
Speaker 2: It turns out you're into the meatballs these days. And

1250
01:00:33,360 --> 01:00:35,520
Speaker 2: for people watching this on a video, they can see

1251
01:00:35,560 --> 01:00:38,160
Speaker 2: the meatball that you've created, which is really a meatball

1252
01:00:38,160 --> 01:00:41,320
Speaker 2: plus a whole lot of a coot from all it is.

1253
01:00:41,360 --> 01:00:43,919
Speaker 22: It's kind of it's like a it's a mini meal.

1254
01:00:44,000 --> 01:00:46,520
Speaker 2: I think it tays very much. So can you go

1255
01:00:46,640 --> 01:00:47,680
Speaker 2: wrong with a meatball?

1256
01:00:48,840 --> 01:00:53,720
Speaker 22: A yeah, I think a meat ball could be really

1257
01:00:53,800 --> 01:00:57,320
Speaker 22: firm and not pleasant to eat, quite dry, you know,

1258
01:00:57,360 --> 01:00:59,360
Speaker 22: depending on the meat. So if it's made for meat

1259
01:00:59,360 --> 01:01:01,920
Speaker 22: that you've gotten it, you could have something that's just

1260
01:01:02,040 --> 01:01:09,240
Speaker 22: too floppy, like not firm, flavoring, always, seasoning always, So yeah,

1261
01:01:09,240 --> 01:01:10,200
Speaker 22: there's a lot you can do wrong.

1262
01:01:10,280 --> 01:01:11,080
Speaker 2: What have you got here?

1263
01:01:11,120 --> 01:01:14,240
Speaker 22: By the way, this is wugu beef, so it's the

1264
01:01:14,360 --> 01:01:19,200
Speaker 22: first like grass fed wugu well from around the country.

1265
01:01:19,400 --> 01:01:23,880
Speaker 22: And there's spices, there's ginger, and there's cloves. Sorry, nutmeg,

1266
01:01:23,920 --> 01:01:27,440
Speaker 22: and that's a little nod to the meatballs that this

1267
01:01:27,520 --> 01:01:30,960
Speaker 22: whole festival is based around. In Hastings is sort of

1268
01:01:31,000 --> 01:01:33,160
Speaker 22: a Dutch thing that they use a lot of nutmeg

1269
01:01:33,160 --> 01:01:35,000
Speaker 22: and their meatballs. So there's some of that in there.

1270
01:01:35,120 --> 01:01:37,880
Speaker 2: So can I where do you go as an expert

1271
01:01:37,920 --> 01:01:41,560
Speaker 2: in this particular field? So nutmeg does it stand out

1272
01:01:41,720 --> 01:01:45,120
Speaker 2: with all that you've got going with that meatball?

1273
01:01:45,880 --> 01:01:48,960
Speaker 22: Interesting you say that, because last night when we ate these,

1274
01:01:49,280 --> 01:01:53,320
Speaker 22: I thought dial up the nutmeg. There's nutmeg, and it's

1275
01:01:53,400 --> 01:01:55,680
Speaker 22: an interesting thing because we think of nutmeg as something

1276
01:01:55,720 --> 01:01:57,560
Speaker 22: you'd have on a custard tart or a dessert, but

1277
01:01:58,000 --> 01:01:59,600
Speaker 22: in lots of parts of the world that's used in

1278
01:01:59,680 --> 01:02:00,880
Speaker 22: savor food as well.

1279
01:02:01,000 --> 01:02:03,000
Speaker 2: Okay, what's the history of the meatball?

1280
01:02:03,480 --> 01:02:07,440
Speaker 22: This meatball festival is based around these hawks Bay meatballs

1281
01:02:07,480 --> 01:02:10,360
Speaker 22: that are basically a mince that you cook off, you

1282
01:02:10,480 --> 01:02:12,800
Speaker 22: thicken with a beshmal sauce, you chill it, you roller

1283
01:02:12,880 --> 01:02:15,280
Speaker 22: into balls. So at this point it's like a ball

1284
01:02:15,320 --> 01:02:19,040
Speaker 22: of bolonnaise. And then they flour eggash and bread crumbed

1285
01:02:19,040 --> 01:02:21,200
Speaker 22: and deep fry it. So it's like a we would

1286
01:02:21,200 --> 01:02:23,680
Speaker 22: call it a croquette. Okay, yeah, if you think of

1287
01:02:23,720 --> 01:02:26,280
Speaker 22: a croquette, that's sort of the Hastings meatball and that

1288
01:02:26,440 --> 01:02:30,800
Speaker 22: was I believe a German immigrant who brought them to

1289
01:02:31,480 --> 01:02:34,520
Speaker 22: Hastings and they became legendary and now peeps people do them.

1290
01:02:34,560 --> 01:02:37,160
Speaker 2: Everybody has a meatball experience in their life, don't they.

1291
01:02:37,280 --> 01:02:39,720
Speaker 2: I mean yeah, I mean it's what mummide, it's how

1292
01:02:39,720 --> 01:02:41,280
Speaker 2: you do it. It's so and you can put it

1293
01:02:41,320 --> 01:02:42,160
Speaker 2: on the barbie can call it.

1294
01:02:42,200 --> 01:02:42,320
Speaker 1: So.

1295
01:02:42,400 --> 01:02:44,960
Speaker 2: The rest of what's going on there? What have you

1296
01:02:45,000 --> 01:02:46,240
Speaker 2: got on top of it?

1297
01:02:46,600 --> 01:02:48,880
Speaker 22: On top there some red onions peopled and a little

1298
01:02:48,920 --> 01:02:52,200
Speaker 22: bit of vinegar carwa Kawa sald severiti. So there's capers

1299
01:02:52,240 --> 01:02:56,720
Speaker 22: and fresh carracara, dried corwakawa horse readish crispy schlots on

1300
01:02:56,800 --> 01:03:00,160
Speaker 22: top and then a strained yogurt labne whipped up with

1301
01:03:00,320 --> 01:03:01,640
Speaker 22: olive oil down the bottom.

1302
01:03:03,120 --> 01:03:04,840
Speaker 2: Did you make that up? That whole thing?

1303
01:03:04,920 --> 01:03:07,560
Speaker 22: Yeah? Yeah, I was thinking when I was asked to

1304
01:03:07,600 --> 01:03:10,240
Speaker 22: be involved in the meatball fest, well, I thought, what

1305
01:03:10,280 --> 01:03:10,560
Speaker 22: do you do?

1306
01:03:10,800 --> 01:03:10,880
Speaker 19: Like?

1307
01:03:10,920 --> 01:03:12,240
Speaker 22: What else is there going to be? And there are

1308
01:03:12,280 --> 01:03:14,640
Speaker 22: going to be seafood meatballs, there's going to be pork ones,

1309
01:03:14,640 --> 01:03:16,280
Speaker 22: there's some with power, so they're going to be a

1310
01:03:16,320 --> 01:03:18,560
Speaker 22: real variety of things. And I thought, it's just got

1311
01:03:18,600 --> 01:03:22,240
Speaker 22: to look really pretty, be tasty and sort of you know,

1312
01:03:22,680 --> 01:03:24,520
Speaker 22: do a good service, not a disservice.

1313
01:03:24,680 --> 01:03:29,000
Speaker 2: Fantastic, and you're doing this with the young people so

1314
01:03:29,040 --> 01:03:29,520
Speaker 2: to speak.

1315
01:03:29,640 --> 01:03:32,720
Speaker 22: Yeah, there's students from the it the technical college there.

1316
01:03:32,720 --> 01:03:36,640
Speaker 22: They're going to be helping me on Thursday week, Thursday

1317
01:03:36,640 --> 01:03:37,520
Speaker 22: and Friday next week.

1318
01:03:37,600 --> 01:03:39,200
Speaker 2: I don't know if this is in your wheelhouse or not,

1319
01:03:39,240 --> 01:03:41,880
Speaker 2: but how many of these institutes are there around the country.

1320
01:03:41,920 --> 01:03:44,400
Speaker 2: I mean, it's cooking and wanting to work with food

1321
01:03:44,960 --> 01:03:46,120
Speaker 2: still a big thing.

1322
01:03:47,320 --> 01:03:51,200
Speaker 22: I think I'm not sure the exact number of colleges

1323
01:03:51,240 --> 01:03:53,560
Speaker 22: around the country doing it, but it seems that numbers

1324
01:03:53,600 --> 01:03:57,120
Speaker 22: have dropped off a little bit, and which is a

1325
01:03:57,120 --> 01:03:59,160
Speaker 22: shame because we need you know, hospitality is one of

1326
01:03:59,200 --> 01:04:02,120
Speaker 22: our big earners here and you know we export really

1327
01:04:02,120 --> 01:04:07,200
Speaker 22: good kitchen people around the world, so it should be

1328
01:04:07,320 --> 01:04:09,320
Speaker 22: a really appealing job.

1329
01:04:09,600 --> 01:04:12,880
Speaker 2: Fantastic. Let's talk more about hospone just a couple of moments,

1330
01:04:12,920 --> 01:04:15,439
Speaker 2: So Peter Gordon with us in the studio. By the way,

1331
01:04:15,440 --> 01:04:17,320
Speaker 2: Trump has just announced and this is how loose this

1332
01:04:17,480 --> 01:04:21,800
Speaker 2: guy is. He's just announced a one month exemption on

1333
01:04:21,920 --> 01:04:25,640
Speaker 2: terrace for US cars from Canada and Mexico because of course,

1334
01:04:25,680 --> 01:04:28,760
Speaker 2: the cur industry, as I quite rightly pointed out, is

1335
01:04:28,760 --> 01:04:31,320
Speaker 2: not a fan of it. And what you see yesterday

1336
01:04:31,400 --> 01:04:34,680
Speaker 2: is complete crap and it is chaos. And so he's

1337
01:04:34,680 --> 01:04:38,640
Speaker 2: now announced a one month exemption for US cars. Justin

1338
01:04:38,720 --> 01:04:40,560
Speaker 2: twelve past eight the.

1339
01:04:40,680 --> 01:04:45,160
Speaker 1: Mic Hosking Breakfast Full Show podcast on iHeartRadio powered by

1340
01:04:45,240 --> 01:04:45,880
Speaker 1: News Talk.

1341
01:04:45,760 --> 01:04:49,440
Speaker 2: Zippy fourteen minutes past. So just on the Trump thing,

1342
01:04:49,640 --> 01:04:51,960
Speaker 2: market's gone through the rooftown Jones up five hundred and

1343
01:04:51,960 --> 01:04:54,720
Speaker 2: sixty six points, so it's all over the place. Anyway,

1344
01:04:54,720 --> 01:04:56,880
Speaker 2: back to hospite. Peter Gordon's with us. Now listen what

1345
01:04:56,920 --> 01:04:59,040
Speaker 2: I want to mainly get you into, but is part

1346
01:04:59,040 --> 01:05:02,480
Speaker 2: of the problem with hospital This whole messaging thing around.

1347
01:05:02,680 --> 01:05:06,440
Speaker 2: You know, everything's extremely negative. You know, no one's spending

1348
01:05:06,640 --> 01:05:07,640
Speaker 2: everyone's closing.

1349
01:05:08,200 --> 01:05:08,439
Speaker 12: Well.

1350
01:05:08,520 --> 01:05:10,280
Speaker 22: I think I don't know that the young people are

1351
01:05:10,360 --> 01:05:12,880
Speaker 22: necessarily listening to that in the way that we probably do,

1352
01:05:13,840 --> 01:05:16,120
Speaker 22: or that people who own a restaurant. I think it's

1353
01:05:16,480 --> 01:05:20,440
Speaker 22: just I don't know. There was a period when Jamie

1354
01:05:20,480 --> 01:05:23,360
Speaker 22: Oliver sort of hit the scene and young people all

1355
01:05:23,400 --> 01:05:26,040
Speaker 22: around the world flocked to become a chef. They're like, oh,

1356
01:05:26,080 --> 01:05:27,960
Speaker 22: my goodness, I want to be that guy there. So

1357
01:05:27,960 --> 01:05:30,360
Speaker 22: I think Jamie, there's the golden period when Jamie was

1358
01:05:30,400 --> 01:05:32,960
Speaker 22: around and people felt But then what happened was a

1359
01:05:32,960 --> 01:05:35,920
Speaker 22: lot of young people would look at Jamie and go, oh,

1360
01:05:36,000 --> 01:05:38,320
Speaker 22: he became really famous in two years time, I want

1361
01:05:38,360 --> 01:05:40,640
Speaker 22: to do that, it's not happening. Would drop out. So

1362
01:05:40,680 --> 01:05:42,840
Speaker 22: we had this sort of drop out and I guess

1363
01:05:42,840 --> 01:05:44,560
Speaker 22: I'm talking about the UK where I was living for

1364
01:05:44,600 --> 01:05:49,680
Speaker 22: a long time, but the I don't know people at

1365
01:05:49,760 --> 01:05:52,480
Speaker 22: the restaurant. You could be really negative about the restaurant

1366
01:05:52,600 --> 01:05:54,840
Speaker 22: scene in New Zealand, or you could be really positive

1367
01:05:54,880 --> 01:05:56,840
Speaker 22: and just say, look, there is going to be attrition.

1368
01:05:57,240 --> 01:05:59,880
Speaker 22: There's going to be a lot of people who you know,

1369
01:06:00,120 --> 01:06:01,880
Speaker 22: there are a lot of people having really tough times,

1370
01:06:01,880 --> 01:06:04,480
Speaker 22: and there are people closing in every day there's something

1371
01:06:04,760 --> 01:06:06,880
Speaker 22: you know, you read in the paper, an institution or

1372
01:06:06,880 --> 01:06:08,720
Speaker 22: something shut down. But at the same time, there are

1373
01:06:08,720 --> 01:06:10,919
Speaker 22: lots of new places opening, and there are lots of

1374
01:06:10,960 --> 01:06:13,800
Speaker 22: young people who've come back to the country or people

1375
01:06:13,800 --> 01:06:17,240
Speaker 22: who have decided to do something else. Restaurant's gone under,

1376
01:06:17,320 --> 01:06:19,640
Speaker 22: so someone sees the opportunity and opens it up. So

1377
01:06:20,040 --> 01:06:24,000
Speaker 22: it's always a given and take. There's always lots going on.

1378
01:06:24,040 --> 01:06:25,440
Speaker 2: That's why I can't get my head around. There was

1379
01:06:25,440 --> 01:06:27,120
Speaker 2: a group and I think they called the U Group

1380
01:06:27,200 --> 01:06:30,360
Speaker 2: in Wellington and they were closing something the other day,

1381
01:06:30,440 --> 01:06:32,600
Speaker 2: and one of them was a fine dining establishment. They'd

1382
01:06:32,600 --> 01:06:34,680
Speaker 2: worked out that fine dining wasn't their things, so they're

1383
01:06:34,720 --> 01:06:37,280
Speaker 2: going to do something else. But the totality of the

1384
01:06:37,280 --> 01:06:39,720
Speaker 2: piece I was reading was that actually opened six but

1385
01:06:39,880 --> 01:06:44,160
Speaker 2: closed three. So therefore that's expansion in simple mass. How

1386
01:06:44,240 --> 01:06:46,479
Speaker 2: much of that goes on. So in other words, there's

1387
01:06:46,520 --> 01:06:49,280
Speaker 2: a churn within the industry, and that's just the industry

1388
01:06:49,960 --> 01:06:50,280
Speaker 2: it is.

1389
01:06:50,480 --> 01:06:53,040
Speaker 22: And but to be fair, I think sometimes I do

1390
01:06:53,160 --> 01:06:57,160
Speaker 22: think that there are too many restaurants. Like I remember

1391
01:06:57,280 --> 01:06:59,320
Speaker 22: being in Wellington and people would say, oh, we've got

1392
01:06:59,360 --> 01:07:01,960
Speaker 22: more restaurants head of population in New York and it's like, well,

1393
01:07:02,400 --> 01:07:04,240
Speaker 22: you know, in New York no one really has a kitchen,

1394
01:07:04,280 --> 01:07:06,680
Speaker 22: so that makes sense. But is it going to work?

1395
01:07:06,720 --> 01:07:10,400
Speaker 22: And is it sustainable? And you know you can't control that,

1396
01:07:10,440 --> 01:07:12,760
Speaker 22: but I but sometimes you do think there's just a

1397
01:07:12,800 --> 01:07:15,520
Speaker 22: lot of places and if if there were less, you know,

1398
01:07:15,840 --> 01:07:18,080
Speaker 22: that all be a lot busier. But of course that's

1399
01:07:18,160 --> 01:07:20,280
Speaker 22: up to people to decide to take the risk or not.

1400
01:07:21,720 --> 01:07:23,480
Speaker 22: And it is a risky thing. You know, there's a

1401
01:07:23,560 --> 01:07:25,760
Speaker 22: high percentage of restaurants in their first twelve months of

1402
01:07:25,800 --> 01:07:28,360
Speaker 22: opening will close. You know, they won't survive the first year.

1403
01:07:28,520 --> 01:07:31,520
Speaker 2: And are is that in your experience because of fundamental

1404
01:07:31,520 --> 01:07:35,040
Speaker 2: issues you should have avoided or things beyond your control

1405
01:07:35,120 --> 01:07:36,320
Speaker 2: that you couldn't have seen coming.

1406
01:07:36,480 --> 01:07:38,080
Speaker 22: I'd say it's a bit of both. I think there

1407
01:07:38,080 --> 01:07:41,360
Speaker 22: are some people who you know, they've made a great

1408
01:07:41,520 --> 01:07:43,720
Speaker 22: Their friends have told them, you'll roast chicken dinner that

1409
01:07:43,720 --> 01:07:45,640
Speaker 22: we come around every two months is really good, You

1410
01:07:45,680 --> 01:07:48,680
Speaker 22: should open a restaurant, and they do, you know, so

1411
01:07:48,720 --> 01:07:51,840
Speaker 22: you get some of that and you get people, and

1412
01:07:51,880 --> 01:07:55,320
Speaker 22: sometimes it's something else it's a there's a roadblock, there's

1413
01:07:55,320 --> 01:07:58,000
Speaker 22: a diversion, there's a there's all sorts of things that

1414
01:07:58,000 --> 01:07:59,040
Speaker 22: can affect your business.

1415
01:07:59,080 --> 01:08:02,200
Speaker 2: You know, you need Monsoon Poon, which is for people

1416
01:08:02,200 --> 01:08:04,440
Speaker 2: listening around the country, is a pretty well established and

1417
01:08:04,440 --> 01:08:07,560
Speaker 2: fairly famous restaurant in Auckland is closing. But they're closing

1418
01:08:07,560 --> 01:08:09,240
Speaker 2: because the buildings went sold and the buildings is going

1419
01:08:09,240 --> 01:08:10,920
Speaker 2: to get bulldozed. So there's not a lot you can

1420
01:08:10,960 --> 01:08:14,280
Speaker 2: do about that. So where are you at as one

1421
01:08:14,280 --> 01:08:16,360
Speaker 2: of the great restaurateurs of New Zealand.

1422
01:08:17,160 --> 01:08:20,160
Speaker 22: Well, I think my restaurant tour days may have ended, really.

1423
01:08:20,240 --> 01:08:23,160
Speaker 22: I mean, we vacated our building because it's being developed

1424
01:08:23,160 --> 01:08:24,840
Speaker 22: and we're not part of the future of that. So

1425
01:08:25,560 --> 01:08:28,320
Speaker 22: you know, we had to figure out what we're going

1426
01:08:28,360 --> 01:08:32,360
Speaker 22: to do with that, and I with Homeland itself. Homeland

1427
01:08:32,400 --> 01:08:34,599
Speaker 22: was more than just the restaurant, you know, for us,

1428
01:08:34,600 --> 01:08:37,120
Speaker 22: Homeland was a cooking school. Homeland was a place where

1429
01:08:37,120 --> 01:08:39,160
Speaker 22: we did work with producers and we did a lot

1430
01:08:39,160 --> 01:08:42,080
Speaker 22: of charity work with communities, and that was for me,

1431
01:08:42,120 --> 01:08:43,960
Speaker 22: it was the perfect job. It was after all these

1432
01:08:44,040 --> 01:08:46,479
Speaker 22: years in the industry, I'm now finally in a place

1433
01:08:46,880 --> 01:08:49,599
Speaker 22: where all this good stuff not just cooking the fancy

1434
01:08:49,600 --> 01:08:52,880
Speaker 22: food and put it on the plate was happening. But

1435
01:08:52,920 --> 01:08:55,439
Speaker 22: we've decided We've been looking around. We've had a few

1436
01:08:55,479 --> 01:08:57,639
Speaker 22: sites offered to us, and we've looked at them and thought,

1437
01:08:58,080 --> 01:08:59,880
Speaker 22: do we want to do We want to do this,

1438
01:09:00,120 --> 01:09:01,560
Speaker 22: We want to take on this risk. We want to

1439
01:09:01,560 --> 01:09:04,360
Speaker 22: sign up another five, eight, ten year lease with someone,

1440
01:09:04,640 --> 01:09:06,960
Speaker 22: you know, what's our risk? What's what do we want

1441
01:09:07,000 --> 01:09:08,439
Speaker 22: to do? And I think actually the stuff that I

1442
01:09:08,520 --> 01:09:13,519
Speaker 22: really loved at Homeland is the producer work, is producing goods,

1443
01:09:13,720 --> 01:09:16,280
Speaker 22: our own Homeland products and stuff. And that's the stuff

1444
01:09:16,320 --> 01:09:19,280
Speaker 22: that we're going to focus on. So moving forward, we

1445
01:09:19,280 --> 01:09:21,679
Speaker 22: will we won't have bricks and watar you know, we'll

1446
01:09:21,720 --> 01:09:26,439
Speaker 22: just do consultancy where you know, I can go into

1447
01:09:26,439 --> 01:09:28,519
Speaker 22: a space and I can give them, you know, years

1448
01:09:28,560 --> 01:09:32,479
Speaker 22: of wisdom hopefully and you know, and in part really

1449
01:09:32,520 --> 01:09:34,920
Speaker 22: good information and good stuff, but not take on the

1450
01:09:35,000 --> 01:09:36,040
Speaker 22: risk of the land all.

1451
01:09:35,960 --> 01:09:37,920
Speaker 2: And does that and does that? Does is that? What's

1452
01:09:37,960 --> 01:09:39,960
Speaker 2: that a reflection of just where you're at in life

1453
01:09:40,200 --> 01:09:42,360
Speaker 2: as opposed to the industry or anything else.

1454
01:09:42,520 --> 01:09:44,640
Speaker 22: I think that's where I am. Yeah, it's where I

1455
01:09:44,640 --> 01:09:48,080
Speaker 22: am and I will be sixty two shortly, and I've

1456
01:09:48,080 --> 01:09:50,479
Speaker 22: sort of done most of the things that I ever

1457
01:09:50,520 --> 01:09:52,720
Speaker 22: wanted to do, you know, like I've done restaurants in

1458
01:09:52,760 --> 01:09:56,040
Speaker 22: different countries. I've cooked amazing dinners, I've done ranges of

1459
01:09:56,080 --> 01:09:58,200
Speaker 22: food for this and it's really just what what do

1460
01:09:58,240 --> 01:10:02,439
Speaker 22: I want that's a bit less stressful, that is quite fun,

1461
01:10:02,840 --> 01:10:06,600
Speaker 22: that doesn't carry a lot of risk with it. And

1462
01:10:06,640 --> 01:10:10,080
Speaker 22: I think sort of consulting, working on a range of products,

1463
01:10:10,080 --> 01:10:13,800
Speaker 22: homeland products, still doing producer work. You know, we would

1464
01:10:13,840 --> 01:10:16,840
Speaker 22: often have at homeland. You might get the Pacific Trade

1465
01:10:16,840 --> 01:10:21,320
Speaker 22: Investment would bring five nations into the country, into homeland,

1466
01:10:21,320 --> 01:10:23,040
Speaker 22: and we'd sort of work with them. So it's now

1467
01:10:23,080 --> 01:10:25,040
Speaker 22: looking and thinking, you know, maybe what I can do

1468
01:10:25,080 --> 01:10:27,680
Speaker 22: with some outreach work going to other places and you know,

1469
01:10:28,000 --> 01:10:29,320
Speaker 22: doing that fantastic.

1470
01:10:29,479 --> 01:10:31,360
Speaker 2: Well, let me grab this, let me grab this play.

1471
01:10:31,760 --> 01:10:34,080
Speaker 2: And so I know that the Carwa car is very

1472
01:10:34,120 --> 01:10:37,080
Speaker 2: you though, isn't it. That's having eaten a number of

1473
01:10:37,120 --> 01:10:39,400
Speaker 2: your places over the years, that that's your sort of thing,

1474
01:10:39,479 --> 01:10:39,760
Speaker 2: isn't it.

1475
01:10:39,840 --> 01:10:42,280
Speaker 22: Yeah, it's one of our indigenous herbs that you can

1476
01:10:42,360 --> 01:10:45,920
Speaker 22: sort of relatively easily access. And that Carwa car is

1477
01:10:45,920 --> 01:10:49,480
Speaker 22: from our place, our house out at peehart grows wild everywhere?

1478
01:10:49,800 --> 01:10:52,920
Speaker 2: So yeah, how long did this take you to make?

1479
01:10:53,080 --> 01:10:53,880
Speaker 2: From woe to Go?

1480
01:10:54,800 --> 01:11:00,800
Speaker 22: I made that yesterday probably in an hour, so less

1481
01:11:00,800 --> 01:11:02,720
Speaker 22: than an hour. I mean I've been I had the

1482
01:11:02,760 --> 01:11:05,800
Speaker 22: idea'd had the concept, put it all together, did a

1483
01:11:05,800 --> 01:11:07,880
Speaker 22: bit of shopping, got home and then you know, the

1484
01:11:08,000 --> 01:11:10,559
Speaker 22: yogurt had to be hungover night. Onions had to be

1485
01:11:10,560 --> 01:11:11,759
Speaker 22: pickled for a couple of hours.

1486
01:11:11,760 --> 01:11:15,720
Speaker 2: But that's superb. Oh, thank you, it's just beautiful. What

1487
01:11:15,760 --> 01:11:16,519
Speaker 2: would you charge for that?

1488
01:11:17,320 --> 01:11:19,000
Speaker 22: I think that's probably going to be sort of in

1489
01:11:19,080 --> 01:11:20,679
Speaker 22: the eight or nine dollar mark.

1490
01:11:20,720 --> 01:11:20,880
Speaker 19: Sere.

1491
01:11:20,920 --> 01:11:22,760
Speaker 2: That's a bagain to me for that. I mean that's

1492
01:11:22,840 --> 01:11:23,720
Speaker 2: like that's a school lunch.

1493
01:11:23,800 --> 01:11:24,000
Speaker 10: Peter.

1494
01:11:24,160 --> 01:11:26,520
Speaker 22: Oh, there you go.

1495
01:11:26,520 --> 01:11:29,360
Speaker 2: Good luck with the good luck with the festival, and

1496
01:11:29,479 --> 01:11:31,479
Speaker 2: appreciate your advice and insight in the industry as well.

1497
01:11:31,479 --> 01:11:32,040
Speaker 2: Good to talk to you.

1498
01:11:32,080 --> 01:11:33,559
Speaker 22: Oh, thank you, Mike all. It's good to talk.

1499
01:11:33,680 --> 01:11:37,240
Speaker 2: But Gordon with us. By the way, the meatball will

1500
01:11:37,280 --> 01:11:40,639
Speaker 2: meet balls as he's made for three of them, and

1501
01:11:40,800 --> 01:11:42,280
Speaker 2: as always on the video, if you want to go

1502
01:11:42,320 --> 01:11:44,960
Speaker 2: to the website, you can see me eating a meatball. Well,

1503
01:11:45,040 --> 01:11:47,760
Speaker 2: that's going to do something for your Thursday eight.

1504
01:11:47,720 --> 01:11:52,040
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1510
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1525
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1531
01:12:55,320 --> 01:12:59,519
Speaker 2: only from about Health Asking pay twenty five fine Dining

1532
01:12:59,560 --> 01:13:01,240
Speaker 2: Mic free Ends offered to take us out for a

1533
01:13:01,240 --> 01:13:03,400
Speaker 2: fine dining night on the town this Saturday. They phoned

1534
01:13:03,439 --> 01:13:05,960
Speaker 2: more than a dozen of Auckland's most famous restaurants. Couldn't

1535
01:13:06,000 --> 01:13:07,960
Speaker 2: get a table, and they were calling on a Tuesday.

1536
01:13:08,560 --> 01:13:13,280
Speaker 2: They were getting quite desperate. Good to see, Mike and Peter.

1537
01:13:13,520 --> 01:13:15,600
Speaker 2: I think hospitality students are dropping off due to the

1538
01:13:15,600 --> 01:13:18,479
Speaker 2: type economic reality the industry is going through. Decent restaurants

1539
01:13:18,520 --> 01:13:20,880
Speaker 2: have either closed down or have had to slim down.

1540
01:13:21,160 --> 01:13:23,439
Speaker 2: If people aren't exposed to such service, they don't consider

1541
01:13:23,479 --> 01:13:25,720
Speaker 2: working in it. That's actually quite a good point, Mike.

1542
01:13:26,120 --> 01:13:28,920
Speaker 2: I did a chef apprentice apprenticeship through SkyCity a couple

1543
01:13:28,920 --> 01:13:31,360
Speaker 2: of years ago, studied cookery through the high school. Loved it.

1544
01:13:31,360 --> 01:13:33,720
Speaker 2: It's hard, but I absolutely love it. That's good to

1545
01:13:33,760 --> 01:13:36,400
Speaker 2: hear enjoy the interview with Peter Gordon. He's an amazing person. Carli,

1546
01:13:36,520 --> 01:13:38,479
Speaker 2: as you're right, known Peter for years and years in

1547
01:13:38,479 --> 01:13:40,839
Speaker 2: the years midim first in London when he was operating

1548
01:13:40,840 --> 01:13:42,240
Speaker 2: in that part of the world. Mike, are nice to

1549
01:13:42,280 --> 01:13:45,280
Speaker 2: hear a balanced interview from Peter. I don't know, oh,

1550
01:13:45,400 --> 01:13:46,800
Speaker 2: on the industry. I was going to say, I don't

1551
01:13:46,800 --> 01:13:50,479
Speaker 2: think that Peter's unbalanced about the industry. It's certainly not easy,

1552
01:13:50,520 --> 01:13:52,840
Speaker 2: but definitely not the basket case the media make it

1553
01:13:52,880 --> 01:13:55,280
Speaker 2: out with the clickbait. Very good point on that as well.

1554
01:13:55,320 --> 01:13:59,639
Speaker 2: Andrew from Il Papa in the Vatican. The official word

1555
01:13:59,680 --> 01:14:03,240
Speaker 2: from the Vatican is the Pope is stable, so that's encouraging.

1556
01:14:03,600 --> 01:14:05,400
Speaker 2: Joe was with us from the Vetican earlier on in

1557
01:14:05,439 --> 01:14:06,840
Speaker 2: the program. We said, we keep you up to date,

1558
01:14:06,880 --> 01:14:11,120
Speaker 2: which is which is what we do. Starma and Zelensky

1559
01:14:11,479 --> 01:14:14,720
Speaker 2: and Trump and the war. He is walking a very

1560
01:14:14,880 --> 01:14:17,639
Speaker 2: very fine and might I say this particular point in time,

1561
01:14:17,680 --> 01:14:20,880
Speaker 2: and Rod's called us from day one expert line at

1562
01:14:20,880 --> 01:14:23,280
Speaker 2: the moment. So more from Rod and k Istama in

1563
01:14:23,320 --> 01:14:25,439
Speaker 2: the war after the news which is next here a

1564
01:14:25,560 --> 01:14:26,360
Speaker 2: news talks.

1565
01:14:26,160 --> 01:14:32,839
Speaker 3: EDB, news opinion and everything in between.

1566
01:14:33,120 --> 01:14:36,280
Speaker 1: The Mic Hosking break best with the range rover villa

1567
01:14:36,560 --> 01:14:39,040
Speaker 1: designed to intrigue and news talks EDB.

1568
01:14:39,400 --> 01:14:42,040
Speaker 2: Peace Keeper in chief so Kiya Istarma.

1569
01:14:42,439 --> 01:14:44,680
Speaker 9: We need to do everything we can to ensure that

1570
01:14:45,640 --> 01:14:50,000
Speaker 9: the US, Europe and Ukraine are working together on lasting peace.

1571
01:14:50,760 --> 01:14:54,000
Speaker 9: And I'm doing everything I can to play my part

1572
01:14:54,439 --> 01:14:57,720
Speaker 9: in that in regular contact with or all of their

1573
01:14:57,840 --> 01:15:03,000
Speaker 9: key players at the moment cleaning Talking to Presence Lensky yesterday.

1574
01:15:02,720 --> 01:15:07,320
Speaker 1: Afternoon International correspondence with ins an Eye Insurance Peace of

1575
01:15:07,360 --> 01:15:08,679
Speaker 1: Mind for New Zealand Business.

1576
01:15:08,760 --> 01:15:11,080
Speaker 2: Now O my Rod, Little's Rod bring good morning to you,

1577
01:15:12,360 --> 01:15:14,120
Speaker 2: Good morning to you. Make I haven't talked to you

1578
01:15:14,200 --> 01:15:16,000
Speaker 2: for a while because you're off the other day. But

1579
01:15:16,280 --> 01:15:18,040
Speaker 2: I mean you called it. I mean you've called it

1580
01:15:18,080 --> 01:15:20,439
Speaker 2: spot on. I mean he's I don't care who you

1581
01:15:20,560 --> 01:15:23,800
Speaker 2: voted for. That trip to the White House a week

1582
01:15:23,840 --> 01:15:25,640
Speaker 2: and a half ago seems like an age ago. That

1583
01:15:26,120 --> 01:15:28,360
Speaker 2: what is he's agreeing with bed knock in the house.

1584
01:15:28,479 --> 01:15:31,000
Speaker 2: He's working his ass off in Europe. I mean, it's

1585
01:15:31,120 --> 01:15:34,120
Speaker 2: it's it's stellar stuff, isn't it.

1586
01:15:34,120 --> 01:15:39,320
Speaker 12: It is stellar stuff. It's quite remarkable that this adenoid automaton,

1587
01:15:39,439 --> 01:15:43,760
Speaker 12: who the public doesn't like here and maybe still doesn't like,

1588
01:15:44,280 --> 01:15:49,960
Speaker 12: you know, has played a blinder in the widening gulf

1589
01:15:50,040 --> 01:15:53,959
Speaker 12: between the USA and Europe, in the widening gulf between

1590
01:15:54,640 --> 01:15:57,240
Speaker 12: those who think we should leave you Crenti fight it

1591
01:15:57,240 --> 01:16:00,519
Speaker 12: out for themselves and those who seemply should be given

1592
01:16:00,840 --> 01:16:04,240
Speaker 12: giving them more support. He has played it with a

1593
01:16:04,400 --> 01:16:14,680
Speaker 12: deafness and attacked and an intelligence which is beyond all

1594
01:16:14,720 --> 01:16:17,280
Speaker 12: the other European leaders at the moment, the only exception

1595
01:16:17,400 --> 01:16:22,320
Speaker 12: being Macron, in Manuel Macron, who has been quite sick

1596
01:16:22,400 --> 01:16:27,040
Speaker 12: a phantic in his reactions to Trump. Kirs Starmer hasn't

1597
01:16:27,080 --> 01:16:31,639
Speaker 12: done that. You know, when Trump says something absurd or

1598
01:16:31,920 --> 01:16:38,240
Speaker 12: visible or plainly untrue, Starmer simply doesn't reply. There is

1599
01:16:38,360 --> 01:16:41,360
Speaker 12: nothing out of the of the government's office. They just

1600
01:16:41,400 --> 01:16:45,760
Speaker 12: don't comment. He has played an absolute blinder on this

1601
01:16:46,520 --> 01:16:50,400
Speaker 12: and it could be the making of his premiership. And

1602
01:16:50,479 --> 01:16:54,240
Speaker 12: as you rightly say, you know, in Prime Minister's questions today,

1603
01:16:55,400 --> 01:16:59,599
Speaker 12: he's got a United House and he's able to deal

1604
01:16:59,680 --> 01:17:06,360
Speaker 12: with it. The degree of comfort, Elise, and who knows

1605
01:17:06,400 --> 01:17:09,760
Speaker 12: where this will end, you know, if we we don

1606
01:17:09,920 --> 01:17:12,559
Speaker 12: our wits these days, Mike, you know, as to whatever

1607
01:17:12,640 --> 01:17:16,479
Speaker 12: comes out of the White House. But it would seem

1608
01:17:16,520 --> 01:17:21,880
Speaker 12: to me that, for example, the letter from Sirkia from

1609
01:17:22,200 --> 01:17:27,280
Speaker 12: from that Vladimir Zelenski to Donald Trump. I think it's

1610
01:17:27,320 --> 01:17:33,360
Speaker 12: inconceivable that Sakia, Starmer and possibly Macro were not involved

1611
01:17:33,439 --> 01:17:36,840
Speaker 12: in some way in persuading Zelenski that that was the

1612
01:17:36,880 --> 01:17:37,960
Speaker 12: thing that had to be done.

1613
01:17:38,320 --> 01:17:38,760
Speaker 2: Pretty much.

1614
01:17:39,360 --> 01:17:43,080
Speaker 12: It came after a meeting, you know, And I just

1615
01:17:43,160 --> 01:17:48,439
Speaker 12: think he's played it with And even my wife, who

1616
01:17:48,680 --> 01:17:53,559
Speaker 12: would who who loaths the labor parties, said Michael, he's

1617
01:17:53,600 --> 01:17:54,280
Speaker 12: done really well.

1618
01:17:54,920 --> 01:17:57,479
Speaker 2: You can't you can't not. You can't not. You'd be

1619
01:17:57,560 --> 01:17:59,720
Speaker 2: churlish not to be complimentary about him. Having said that,

1620
01:17:59,720 --> 01:18:03,280
Speaker 2: bed knocks clearly bright enough to work out that opposing

1621
01:18:03,320 --> 01:18:05,000
Speaker 2: him in any way, shape or form at the moment,

1622
01:18:05,040 --> 01:18:07,280
Speaker 2: given the bigger picture, would be foolish on her part

1623
01:18:07,280 --> 01:18:07,679
Speaker 2: as well.

1624
01:18:09,240 --> 01:18:13,000
Speaker 12: I think that's true. I think it's also true that

1625
01:18:13,479 --> 01:18:17,360
Speaker 12: ideologically she wouldn't wish to oppose him. The truth is

1626
01:18:17,920 --> 01:18:20,639
Speaker 12: that we now have a labor government which is doing

1627
01:18:20,720 --> 01:18:24,200
Speaker 12: things which the doing things which are so right wing

1628
01:18:24,280 --> 01:18:27,880
Speaker 12: that the conservative government will have dreamed about. You know

1629
01:18:28,320 --> 01:18:31,320
Speaker 12: whether it's cutting forard aiding out to give it to defense,

1630
01:18:31,960 --> 01:18:34,760
Speaker 12: cozying up to Donald Trump, or as will come to,

1631
01:18:34,960 --> 01:18:40,360
Speaker 12: perhaps slashing welfare benefits. You know, it's something which which

1632
01:18:40,680 --> 01:18:42,880
Speaker 12: bad or not would very much have liked to have done,

1633
01:18:42,920 --> 01:18:47,000
Speaker 12: but under the previous Tory government could not possibly have done.

1634
01:18:47,080 --> 01:18:48,720
Speaker 2: Let me get let me get to the welfare and

1635
01:18:48,800 --> 01:18:50,800
Speaker 2: just mind sorry, no, no, no, not at all, but let

1636
01:18:50,840 --> 01:18:52,120
Speaker 2: me get to the welfare in just a moment, because

1637
01:18:52,120 --> 01:18:54,639
Speaker 2: I'm reading these treasury documentary WHI so I thought were interesting.

1638
01:18:54,680 --> 01:18:58,479
Speaker 2: But as regards Europe generally stepping up, and there was

1639
01:18:58,520 --> 01:19:01,360
Speaker 2: a very good step the other day about ammunition. So

1640
01:19:01,439 --> 01:19:03,479
Speaker 2: four and a half million rounds of ammunition came out

1641
01:19:03,520 --> 01:19:06,439
Speaker 2: of the Americans, one came out of Europe, and even

1642
01:19:06,520 --> 01:19:10,519
Speaker 2: the one million took a while to get there. Is Europe,

1643
01:19:10,520 --> 01:19:14,080
Speaker 2: in your view, from what you've, actually capable of doing

1644
01:19:14,120 --> 01:19:16,599
Speaker 2: more than sounding good, looking good, but actually doing it,

1645
01:19:16,760 --> 01:19:17,960
Speaker 2: doing something tangible.

1646
01:19:19,280 --> 01:19:22,639
Speaker 12: No, I think it probably is. If you look at

1647
01:19:22,640 --> 01:19:26,960
Speaker 12: the kind of money per capita that we give to

1648
01:19:27,080 --> 01:19:31,960
Speaker 12: NATO and Defense, we're above the US and so are

1649
01:19:31,960 --> 01:19:36,200
Speaker 12: a few other countries in Europe. You know, that's per capita.

1650
01:19:39,000 --> 01:19:41,800
Speaker 12: I think there is. There is a kind of divide

1651
01:19:41,880 --> 01:19:45,439
Speaker 12: as there always was, you know, in Europe, including over

1652
01:19:45,479 --> 01:19:49,759
Speaker 12: the over the Brexit referendum and affection for the EU,

1653
01:19:50,280 --> 01:19:53,839
Speaker 12: between the South of Europe and the north of Europe.

1654
01:19:54,200 --> 01:19:57,719
Speaker 12: You look at Denmark, which is spending way, way more

1655
01:19:57,880 --> 01:20:03,880
Speaker 12: than any other country in a per person to protect NATO,

1656
01:20:04,400 --> 01:20:07,200
Speaker 12: and then the Baltic States, Estonian Lapia is only a

1657
01:20:07,320 --> 01:20:13,639
Speaker 12: Poland Finland all and the Great Britain all paying close

1658
01:20:13,680 --> 01:20:16,680
Speaker 12: to their whack or over their whack. And then you

1659
01:20:16,760 --> 01:20:20,840
Speaker 12: look further south, which you might think is reasonable because

1660
01:20:20,840 --> 01:20:25,120
Speaker 12: they're further away from the conflict zone at Spain, Greece, Citily,

1661
01:20:25,200 --> 01:20:28,280
Speaker 12: et cetera, et cetera. So I think there is a

1662
01:20:28,320 --> 01:20:32,000
Speaker 12: new realism in Europe, and I think that realism is

1663
01:20:32,040 --> 01:20:35,120
Speaker 12: reflected in the way in which people are voting in Europe.

1664
01:20:35,479 --> 01:20:38,439
Speaker 12: And I think politicians have it in their mind that

1665
01:20:38,600 --> 01:20:42,760
Speaker 12: they must change and must change very quickly. So I

1666
01:20:42,800 --> 01:20:44,880
Speaker 12: don't think it's all gloom good.

1667
01:20:45,400 --> 01:20:49,680
Speaker 2: Now back to the budget, So the Office of Budget Responsibility,

1668
01:20:49,720 --> 01:20:52,519
Speaker 2: they seem to be seducing the world has changed and

1669
01:20:52,960 --> 01:20:56,439
Speaker 2: you might need to tidy things up. And it looks

1670
01:20:56,520 --> 01:20:58,840
Speaker 2: like she might so a cat up for writers right

1671
01:20:58,920 --> 01:21:00,960
Speaker 2: or Gonni slash and burn, and how Labor's there and

1672
01:21:01,000 --> 01:21:03,439
Speaker 2: how much of this is her genuinely wanting to do

1673
01:21:03,520 --> 01:21:05,799
Speaker 2: it or simply all visus she got no choice.

1674
01:21:07,560 --> 01:21:10,880
Speaker 12: I think she a has no choice. I think b

1675
01:21:12,760 --> 01:21:16,439
Speaker 12: I think within parts of the Labor Party, a few

1676
01:21:16,600 --> 01:21:20,600
Speaker 12: esoteric parts, maybe Morgan McSweeney, who is the advisor to

1677
01:21:22,080 --> 01:21:26,200
Speaker 12: Secure Starmer, would have liked this anyway, that there is

1678
01:21:26,240 --> 01:21:29,840
Speaker 12: a realization that we are paying far, far, far too

1679
01:21:29,920 --> 01:21:32,760
Speaker 12: much in benefits to people who really should be out

1680
01:21:32,800 --> 01:21:36,160
Speaker 12: there working, you know. And I think I think that

1681
01:21:36,320 --> 01:21:39,160
Speaker 12: was obviously an obsession of the previous Conservative government, but

1682
01:21:39,200 --> 01:21:42,160
Speaker 12: it did nothing about it. Here you have a chance

1683
01:21:42,200 --> 01:21:45,080
Speaker 12: for Rachel Rieves to actually do something about it. And

1684
01:21:45,160 --> 01:21:49,280
Speaker 12: given the fact that the Labor government has already slashed

1685
01:21:50,280 --> 01:21:54,360
Speaker 12: overseas aid expenditure almost in half from five to three percent,

1686
01:21:55,760 --> 01:21:59,160
Speaker 12: then I think kind of all bets are off about

1687
01:21:59,160 --> 01:22:03,880
Speaker 12: what Rachel Reeves does about welfare spending, because what they

1688
01:22:03,920 --> 01:22:06,679
Speaker 12: need to do is grow the economy, and welfare spending

1689
01:22:07,080 --> 01:22:09,880
Speaker 12: welfare expenditure simply does not do that.

1690
01:22:10,640 --> 01:22:13,800
Speaker 2: No exactly. I know the Bank of Governor, Bank of

1691
01:22:13,800 --> 01:22:15,840
Speaker 2: England Governor was in front of some committee, once again

1692
01:22:16,040 --> 01:22:18,840
Speaker 2: wondering out loud, you know, what are all these people doing?

1693
01:22:19,320 --> 01:22:21,320
Speaker 2: Taking money and doing nothing? And this goes to the

1694
01:22:21,360 --> 01:22:22,360
Speaker 2: productivity equation?

1695
01:22:23,520 --> 01:22:24,080
Speaker 3: Yeah it does.

1696
01:22:24,360 --> 01:22:28,920
Speaker 12: Yeah, Its absolutely just and it's a huge problem for us,

1697
01:22:29,200 --> 01:22:31,439
Speaker 12: and a bigger problem for us than any other country

1698
01:22:31,479 --> 01:22:34,160
Speaker 12: in Europe. You know, we have failed to get people

1699
01:22:34,200 --> 01:22:39,000
Speaker 12: back into work after COVID in a kind of monstrous way.

1700
01:22:39,800 --> 01:22:43,040
Speaker 12: That suggests to me that a large number of people

1701
01:22:43,080 --> 01:22:45,240
Speaker 12: think we don't really need to work.

1702
01:22:45,520 --> 01:22:49,160
Speaker 2: You know, well, I'm glad. We We're very glad you do.

1703
01:22:49,280 --> 01:22:49,439
Speaker 16: Rod.

1704
01:22:49,479 --> 01:22:50,960
Speaker 2: Nice to catch up with hum. We'll see you next week.

1705
01:22:51,000 --> 01:22:52,800
Speaker 2: Preciate it very much, Rod, A little out of out

1706
01:22:52,800 --> 01:22:55,559
Speaker 2: of every Tuesday and Thursday. It's already eight forty five.

1707
01:22:56,800 --> 01:23:00,719
Speaker 1: The Like Asking Breakfast Full Show podcast on Hard Radio

1708
01:23:00,880 --> 01:23:02,240
Speaker 1: powered by News Talks.

1709
01:23:01,960 --> 01:23:05,519
Speaker 2: At BE got all the stats for you. The Warriors

1710
01:23:05,560 --> 01:23:09,400
Speaker 2: game in Vegas was broadcast free to wear in America

1711
01:23:09,439 --> 01:23:12,519
Speaker 2: for the first time. The initial round a year ago

1712
01:23:13,360 --> 01:23:15,240
Speaker 2: was on pay per view, and they got virtually no

1713
01:23:15,360 --> 01:23:18,080
Speaker 2: one sixty one thousand Americans, So sixty one thousand people

1714
01:23:18,080 --> 01:23:20,599
Speaker 2: out of population three hundred something millions. Not really good going,

1715
01:23:20,640 --> 01:23:22,400
Speaker 2: mind you. Neither were the three hundred and seventy one

1716
01:23:22,439 --> 01:23:24,840
Speaker 2: thousand to watch the Warriors on Free to Wear, so

1717
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Speaker 2: a massive increase from sixty one thousand, three hundred and

1718
01:23:27,040 --> 01:23:29,360
Speaker 2: seventy one thousand, So you go, oh, that's good. Is

1719
01:23:29,400 --> 01:23:31,479
Speaker 2: it really? Fox is Free to Wear gets to one

1720
01:23:31,560 --> 01:23:33,559
Speaker 2: hundred and twenty five million homes, So, in other words,

1721
01:23:33,840 --> 01:23:36,719
Speaker 2: zero point five percent of Americans tuned into the league,

1722
01:23:37,240 --> 01:23:41,040
Speaker 2: thus reinforcing the broadview. I would think that they're going

1723
01:23:41,120 --> 01:23:45,200
Speaker 2: to hard road. I then we come to the cars.

1724
01:23:46,200 --> 01:23:48,280
Speaker 2: A lot of good economic news on the program this morning.

1725
01:23:48,280 --> 01:23:49,920
Speaker 2: I'm not sure I can offer the same with the cars.

1726
01:23:50,720 --> 01:23:53,080
Speaker 2: Not a great month for February for new car sales

1727
01:23:53,120 --> 01:23:56,080
Speaker 2: in this country ninety eight hundred and nine new vehicles

1728
01:23:56,160 --> 01:23:58,160
Speaker 2: down from the ten thousand, eight hundred and sixty three

1729
01:23:58,200 --> 01:24:02,280
Speaker 2: in January, level with the ninety six hundred dish in

1730
01:24:02,360 --> 01:24:04,040
Speaker 2: feb of twenty four, so we've gone nowhere.

1731
01:24:04,080 --> 01:24:04,639
Speaker 3: In a year.

1732
01:24:05,439 --> 01:24:09,480
Speaker 2: RAV one, high Lux and Ranger two and three passengers

1733
01:24:09,479 --> 01:24:12,719
Speaker 2: actually lift. It's the commercial that's killing US. Passenger vehicles

1734
01:24:12,760 --> 01:24:16,400
Speaker 2: actually up year on year, so that's encouraging, but big,

1735
01:24:16,439 --> 01:24:19,080
Speaker 2: big drop in the commercial side of the equation. Ongoing

1736
01:24:19,160 --> 01:24:22,479
Speaker 2: contraction and demand mind you before the tremendous number with

1737
01:24:22,560 --> 01:24:25,000
Speaker 2: that whole gerrymanned in nonsense that was going on with

1738
01:24:25,040 --> 01:24:27,920
Speaker 2: the evs. So a lot of commercials sup borught at

1739
01:24:27,920 --> 01:24:29,240
Speaker 2: the time, and they tend to hold those cars for

1740
01:24:29,280 --> 01:24:31,400
Speaker 2: a fairly long period of time. Top ten, you want

1741
01:24:31,400 --> 01:24:32,760
Speaker 2: a top ten. Let's to a top ten. Do you

1742
01:24:32,760 --> 01:24:34,280
Speaker 2: want to go ten through one to one through ten?

1743
01:24:34,320 --> 01:24:35,880
Speaker 2: You want to go ten through one, ten through one?

1744
01:24:35,960 --> 01:24:39,760
Speaker 2: All right? The big y D Shark is number ten,

1745
01:24:40,080 --> 01:24:42,680
Speaker 2: snowbab tied with the Suzuki Swift. You can't get to

1746
01:24:42,840 --> 01:24:44,920
Speaker 2: two more contrasting cars, really, could you, the Shark or

1747
01:24:44,960 --> 01:24:49,480
Speaker 2: the Swift number nine, the land Cruiser Prado, the mgzs

1748
01:24:49,800 --> 01:24:52,120
Speaker 2: at number eight, the ASX them at Tubishi Car at

1749
01:24:52,160 --> 01:24:54,600
Speaker 2: two forty five, the Triton at two sixty five, the

1750
01:24:54,920 --> 01:24:58,160
Speaker 2: Celtis Kia at two eighty five, the Artlander at four

1751
01:24:58,200 --> 01:25:00,280
Speaker 2: twenty six, which leaves you with the Ranger Highlight Lux

1752
01:25:00,280 --> 01:25:03,479
Speaker 2: and the rav at three to two and one. And

1753
01:25:03,520 --> 01:25:05,280
Speaker 2: that is the month of February for you and chaos

1754
01:25:05,439 --> 01:25:07,080
Speaker 2: nine minutes away from nine.

1755
01:25:07,280 --> 01:25:11,960
Speaker 1: The Mic Hosking Breakfast with a Vida Retirement Communities news

1756
01:25:12,000 --> 01:25:12,840
Speaker 1: dogs head been.

1757
01:25:12,800 --> 01:25:15,320
Speaker 2: Mike any idea where there's been very little media coverage

1758
01:25:15,360 --> 01:25:17,920
Speaker 2: around the Murray party being late and in complete tax

1759
01:25:17,960 --> 01:25:19,840
Speaker 2: return to Titchy. Yeah, we raised this on the programme

1760
01:25:19,840 --> 01:25:22,040
Speaker 2: Elia on this week. And the reason there's not I

1761
01:25:22,120 --> 01:25:26,599
Speaker 2: can't so what they haven't filed their paperwork and it's late,

1762
01:25:26,680 --> 01:25:29,080
Speaker 2: and now the police have got involved in John Tammahi

1763
01:25:29,160 --> 01:25:31,960
Speaker 2: image in poor ol John the other day, endlessly angry.

1764
01:25:32,040 --> 01:25:34,240
Speaker 2: You know, the naughty little natives will file on time.

1765
01:25:34,479 --> 01:25:37,040
Speaker 2: I My summation of it is that we don't take

1766
01:25:37,080 --> 01:25:39,200
Speaker 2: them seriously. I mean we should because they're in Parliament.

1767
01:25:39,240 --> 01:25:41,439
Speaker 2: You can't argue with it. But because they behaved the

1768
01:25:41,479 --> 01:25:43,840
Speaker 2: way they do, and because they are the way they are,

1769
01:25:44,040 --> 01:25:46,320
Speaker 2: people just going it's them again. It's got that devout it.

1770
01:25:46,400 --> 01:25:48,280
Speaker 2: They are ready sort of like, of course they're not

1771
01:25:48,320 --> 01:25:51,160
Speaker 2: going to file their paperwork. Why would they, it's anyway.

1772
01:25:51,160 --> 01:25:54,280
Speaker 2: Panama Canal. By the way, interesting reading yesterday. Panama Canal

1773
01:25:54,320 --> 01:25:57,320
Speaker 2: has in fact been brought by Americans, which is well

1774
01:25:57,320 --> 01:25:59,240
Speaker 2: worth pointing out because Marco went down there a couple

1775
01:25:59,280 --> 01:26:00,680
Speaker 2: of weeks ago and he's said, we need to sort

1776
01:26:00,720 --> 01:26:03,160
Speaker 2: out this Panama business. And Trump started off by going, well,

1777
01:26:03,240 --> 01:26:05,080
Speaker 2: you know, we built the Panama Canal, which of course

1778
01:26:05,160 --> 01:26:07,760
Speaker 2: is true as and were as an Americans and the

1779
01:26:07,840 --> 01:26:09,559
Speaker 2: Chinese are in charge of and that's not on And

1780
01:26:09,600 --> 01:26:11,680
Speaker 2: what he means by that is that at both ends

1781
01:26:11,680 --> 01:26:14,560
Speaker 2: of the Panama Canal the company is running them are Chinese,

1782
01:26:14,720 --> 01:26:18,000
Speaker 2: so Roland Black Rock yesterday, who have gone and purchased

1783
01:26:18,040 --> 01:26:21,000
Speaker 2: the two ports at either end, Hong Kong based firm

1784
01:26:21,040 --> 01:26:25,080
Speaker 2: twenty three billion ports of Balboa and Cristobal either end

1785
01:26:25,280 --> 01:26:29,160
Speaker 2: from c K Hutchison Hong Kong Company agreement and principle

1786
01:26:29,200 --> 01:26:32,160
Speaker 2: also buying a whole bunch of Hutchison's controlling interests in

1787
01:26:32,240 --> 01:26:35,519
Speaker 2: forty three other ports comprising one hundred and ninety nine

1788
01:26:35,520 --> 01:26:37,320
Speaker 2: berths and twenty three countries. So it's a big deal.

1789
01:26:37,920 --> 01:26:40,040
Speaker 2: Constructed by the States in the early years of the

1790
01:26:40,080 --> 01:26:44,519
Speaker 2: twentieth century, completed in nineteen fourteen, and for most of

1791
01:26:44,520 --> 01:26:48,120
Speaker 2: that time was operated by the Americans. Before the Carter administration,

1792
01:26:48,560 --> 01:26:53,160
Speaker 2: Oh Jimmy Carter West President ever negotiated the handover to Panama,

1793
01:26:53,800 --> 01:26:56,479
Speaker 2: and then of course Republicans at the time, if you remember,

1794
01:26:56,520 --> 01:26:58,400
Speaker 2: didn't like any of that. So to be fair to Trump,

1795
01:26:58,439 --> 01:27:00,519
Speaker 2: he's been consistent or at least the Republicligans have been

1796
01:27:00,560 --> 01:27:03,080
Speaker 2: consistent on this. About four percent of the world's maritime

1797
01:27:03,120 --> 01:27:06,679
Speaker 2: trade goes through and forty percent of US container trade

1798
01:27:06,720 --> 01:27:08,479
Speaker 2: goes through that particular part of the world. So Black

1799
01:27:08,560 --> 01:27:10,840
Speaker 2: Rock written check for twenty three billion dollars and that

1800
01:27:10,840 --> 01:27:14,120
Speaker 2: particular problem is now solved. Five minutes away from.

1801
01:27:14,040 --> 01:27:18,080
Speaker 1: Nine trending now with Chemist ware House, the home of

1802
01:27:18,160 --> 01:27:19,520
Speaker 1: big brand fight Emens.

1803
01:27:19,320 --> 01:27:21,720
Speaker 2: Doesn't time flying. Speaking of flying, it was this time

1804
01:27:21,800 --> 01:27:24,960
Speaker 2: last year we were telling you about Jackie and Shadow

1805
01:27:26,080 --> 01:27:29,160
Speaker 2: ball eagles from Big Beer in California. And last time

1806
01:27:29,200 --> 01:27:30,960
Speaker 2: I saw those pictures, and Big Beer reminds me it

1807
01:27:30,960 --> 01:27:33,040
Speaker 2: was very cold. I looked at the Big Beer picture

1808
01:27:33,040 --> 01:27:34,479
Speaker 2: and I thought, oh, it's cold. He's at the top

1809
01:27:34,520 --> 01:27:35,840
Speaker 2: of the tree and the ball eagles at the top

1810
01:27:35,880 --> 01:27:37,880
Speaker 2: of the tree. Anyway, we were waiting for the eggs

1811
01:27:37,920 --> 01:27:40,360
Speaker 2: to hatch. You remember that eggs didn't hatch. Very sad

1812
01:27:42,040 --> 01:27:44,920
Speaker 2: none hatched. But we're back and this is the beauty

1813
01:27:44,920 --> 01:27:48,519
Speaker 2: of nature. This time we've got three more eggs. Now

1814
01:27:48,520 --> 01:27:49,559
Speaker 2: tell me how many have hatched?

1815
01:27:51,320 --> 01:27:52,160
Speaker 22: Two?

1816
01:27:52,400 --> 01:27:53,679
Speaker 2: So this is good? Is it good?

1817
01:27:53,720 --> 01:27:53,840
Speaker 19: Well?

1818
01:27:53,880 --> 01:27:57,280
Speaker 2: I think it's good, But Sandy is happy but anxious.

1819
01:27:57,640 --> 01:28:00,200
Speaker 23: Jackie and Shadow will be feeding them in a on

1820
01:28:00,240 --> 01:28:05,519
Speaker 23: a constant basis almost and the two of them will

1821
01:28:05,600 --> 01:28:07,800
Speaker 23: you know, both work to get as much food as

1822
01:28:07,840 --> 01:28:11,000
Speaker 23: they can, and they will grow very quickly. It only

1823
01:28:11,080 --> 01:28:13,920
Speaker 23: takes ten to fourteen weeks before they go from this

1824
01:28:14,120 --> 01:28:19,200
Speaker 23: tiny little thing to over three feet tall. Hopefully there's

1825
01:28:19,200 --> 01:28:22,240
Speaker 23: no bad weather after they get too big to stay

1826
01:28:22,320 --> 01:28:26,799
Speaker 23: under underneath Jack Your's shadow. But don't have their waterproof

1827
01:28:26,840 --> 01:28:29,519
Speaker 23: feathers yet. It'll take them about six weeks before they

1828
01:28:29,560 --> 01:28:31,120
Speaker 23: get their waterproof feathers.

1829
01:28:31,439 --> 01:28:34,439
Speaker 2: Don't you wish kids were like that that it would

1830
01:28:34,439 --> 01:28:36,200
Speaker 2: take ten to fourteen weeks to go to three feet

1831
01:28:36,200 --> 01:28:37,000
Speaker 2: tall and then leave home.

1832
01:28:37,439 --> 01:28:38,679
Speaker 12: Even then, I think it's a bit long.

1833
01:28:40,120 --> 01:28:41,960
Speaker 2: What's the weather like? Is it nice? There's a bit blow?

1834
01:28:42,000 --> 01:28:46,120
Speaker 2: You look very blow and cold, very still snow in

1835
01:28:46,160 --> 01:28:50,360
Speaker 2: the nest inhospitable in that particular part of the world. Still,

1836
01:28:50,400 --> 01:28:52,760
Speaker 2: if you're worried, no, no, you are that third egg?

1837
01:28:52,760 --> 01:28:54,479
Speaker 2: You think you what Mike talk about thirty egg? What's

1838
01:28:54,479 --> 01:28:57,040
Speaker 2: happening with thirty egg? Well, thirty there is still time

1839
01:28:57,800 --> 01:29:01,560
Speaker 2: for the third egg to hatch. But if it doesn't,

1840
01:29:01,920 --> 01:29:04,920
Speaker 2: we are ahead. Overall, we are ahead. We are better

1841
01:29:05,000 --> 01:29:08,720
Speaker 2: off this year than we were last year, and so

1842
01:29:08,840 --> 01:29:10,640
Speaker 2: that's the good news. We can earn the program on

1843
01:29:10,760 --> 01:29:15,240
Speaker 2: which really has been festooned with good news today. And

1844
01:29:15,320 --> 01:29:18,080
Speaker 2: on that very happy note, on more good news, I'll

1845
01:29:18,080 --> 01:29:21,000
Speaker 2: be back tomorrow. What more good you want? Happy days?

1846
01:29:23,840 --> 01:29:26,720
Speaker 1: For more from the Mic Asking Breakfast, Listen live to

1847
01:29:26,840 --> 01:29:29,920
Speaker 1: news talks it'd be from six am weekdays, or follow

1848
01:29:29,960 --> 01:29:31,520
Speaker 1: the podcast on iHeartRadio.