1 00:00:00,240 --> 00:00:04,040 Speaker 1: Mariold's as he corresponds with us, Hey Mas, good afternoon, Heathers. 2 00:00:04,160 --> 00:00:06,080 Speaker 1: Your unemployments stayed at four point one. 3 00:00:07,080 --> 00:00:10,680 Speaker 2: Yes, I suppose good news, bad news for interest rates 4 00:00:10,680 --> 00:00:13,440 Speaker 2: as well. Unemployment well four point one on September, same 5 00:00:13,480 --> 00:00:16,680 Speaker 2: as August. Good news for the sixty four thousand people 6 00:00:16,680 --> 00:00:20,240 Speaker 2: who found work last month. And economists, and aren't they 7 00:00:20,280 --> 00:00:22,040 Speaker 2: aren't they? I mean they have a bob each way, 8 00:00:22,120 --> 00:00:25,239 Speaker 2: these economists, they are expecting twenty five thousand jobs to 9 00:00:25,239 --> 00:00:28,200 Speaker 2: be created, sixty four one thousand jobs in the end. 10 00:00:28,680 --> 00:00:32,760 Speaker 2: So it's good news, but bad news for people hanging 11 00:00:32,800 --> 00:00:36,319 Speaker 2: out for a cutting interest rates, because they're just hanging on. 12 00:00:36,520 --> 00:00:41,479 Speaker 2: In many many cases, it's the same economists I've slapped 13 00:00:41,479 --> 00:00:44,519 Speaker 2: a second ago. They're also saying the jobless figure is 14 00:00:44,560 --> 00:00:47,760 Speaker 2: not strong enough to lead the Reserve Bank to increase 15 00:00:47,880 --> 00:00:50,640 Speaker 2: interest rates. Well, thank goodness for that, but also too 16 00:00:50,640 --> 00:00:54,000 Speaker 2: strong to expect a rate cut anytime at least before 17 00:00:54,080 --> 00:00:56,880 Speaker 2: Chris certainly not until the first quarter of next year, 18 00:00:57,320 --> 00:00:59,040 Speaker 2: which may be just in time for elbow when he 19 00:00:59,080 --> 00:01:00,560 Speaker 2: goes to an election in May. 20 00:01:00,960 --> 00:01:03,120 Speaker 1: Now, explain to me how it does that Star Casino 21 00:01:03,360 --> 00:01:06,160 Speaker 1: stuff's up badly enough to be coppying a sixteen million 22 00:01:06,200 --> 00:01:09,600 Speaker 1: dollar fine. But then it has its license, retains its license. 23 00:01:10,280 --> 00:01:13,880 Speaker 2: No, it's suspended. The license is suspended. Basically an administrator 24 00:01:13,880 --> 00:01:16,640 Speaker 2: has been put in there. This is Star Casino in Sydney. 25 00:01:17,319 --> 00:01:20,399 Speaker 2: But here's the thing, here's the conundrum. It's too big 26 00:01:20,440 --> 00:01:24,080 Speaker 2: to fail. It's Australia's second biggest casino group, and the 27 00:01:24,120 --> 00:01:27,240 Speaker 2: Sydney casino alone. There's another in Brisbane. But the Sydney 28 00:01:27,240 --> 00:01:31,160 Speaker 2: casino employs nine thousand people. Now that's a lot of 29 00:01:31,200 --> 00:01:33,440 Speaker 2: pay packets and a lot of jobs that would be 30 00:01:33,560 --> 00:01:37,960 Speaker 2: lost if the casino's license was taken away. They've tried 31 00:01:38,040 --> 00:01:41,400 Speaker 2: new management that didn't work out that well, and of 32 00:01:41,440 --> 00:01:47,160 Speaker 2: course spectacular findings of basically, you know, illegal conduct, I 33 00:01:47,240 --> 00:01:50,320 Speaker 2: mean apparently, you know, if you believe the or the reporting. 34 00:01:50,800 --> 00:01:54,639 Speaker 2: Basically Star was turning a blind eye to industrial scale 35 00:01:54,760 --> 00:01:58,280 Speaker 2: money laundering by who know, God knows who were they? 36 00:01:58,360 --> 00:02:01,160 Speaker 2: Druggies were they? I mean, who knows who these people were. 37 00:02:01,320 --> 00:02:03,920 Speaker 2: It was all caught on security cameras rocking up at 38 00:02:03,920 --> 00:02:06,280 Speaker 2: the place where you you know, you you know, you 39 00:02:06,360 --> 00:02:09,680 Speaker 2: buy chips, and they're opening suitcases full of money, all 40 00:02:09,720 --> 00:02:13,440 Speaker 2: bundled up. Now, if if you're not smelling a whole 41 00:02:13,440 --> 00:02:17,280 Speaker 2: bloody army of rats, I mean there's something wrong. So anyway, look, 42 00:02:17,320 --> 00:02:19,720 Speaker 2: they're still very unhappy with the way the joints being run, 43 00:02:19,760 --> 00:02:23,919 Speaker 2: but it's the sixteenth fifteen million dollar fine and they're 44 00:02:23,919 --> 00:02:26,440 Speaker 2: going to be allowed to keep going, albeit with that 45 00:02:26,560 --> 00:02:27,840 Speaker 2: license still suspended. 46 00:02:27,960 --> 00:02:30,040 Speaker 1: Well, what does it mean to be too big to fail? 47 00:02:31,240 --> 00:02:35,600 Speaker 2: Well, you know nine thousand jobs. That was the single 48 00:02:35,639 --> 00:02:39,200 Speaker 2: biggest reason cited by the guy in charge the casino regulator. 49 00:02:40,200 --> 00:02:40,799 Speaker 2: You can't have. 50 00:02:42,320 --> 00:02:45,720 Speaker 1: That's just basically given the really big guy's a license 51 00:02:45,760 --> 00:02:47,080 Speaker 1: to be a bit naughty, isn't it. 52 00:02:47,760 --> 00:02:52,119 Speaker 2: Well, look they have got this administrator in there. It's 53 00:02:52,120 --> 00:02:55,280 Speaker 2: not as those management is allowed to keep going willy nilly. 54 00:02:55,600 --> 00:02:59,000 Speaker 2: You know a lot big corporate lunches and long stretch limousines. 55 00:02:59,480 --> 00:03:01,560 Speaker 2: They have got the regulator, I mean a very very 56 00:03:01,560 --> 00:03:04,400 Speaker 2: close eye on this. Basically, they don't want it to 57 00:03:04,440 --> 00:03:08,560 Speaker 2: be a big atm for crooks. And in the meantime 58 00:03:08,600 --> 00:03:10,600 Speaker 2: you've got nine thousand people who are employed. 59 00:03:11,000 --> 00:03:14,120 Speaker 1: So okay, Now, how many of your politicians have flash 60 00:03:14,160 --> 00:03:15,120 Speaker 1: houses like Albow? 61 00:03:16,000 --> 00:03:20,919 Speaker 2: Well, I don't know about that flash but the ABC 62 00:03:21,080 --> 00:03:23,799 Speaker 2: has done an analysis. There are two d and twenty 63 00:03:23,840 --> 00:03:30,160 Speaker 2: seven federal MPs and senators, and all but twelve have 64 00:03:30,240 --> 00:03:33,720 Speaker 2: at least one investment property. Two of them have seven each. 65 00:03:34,000 --> 00:03:39,600 Speaker 2: One's a liberal ones of labor. You've got three, have six, 66 00:03:40,120 --> 00:03:43,840 Speaker 2: five have five. Only one rents and these are the Greens. 67 00:03:44,120 --> 00:03:48,080 Speaker 2: And he's such a boaster. I rent my place. I 68 00:03:48,160 --> 00:03:49,880 Speaker 2: bet his mum and dad have got a few in 69 00:03:49,960 --> 00:03:53,800 Speaker 2: his name. He's their housing spokesman. And it's all in 70 00:03:53,880 --> 00:03:56,920 Speaker 2: the Parliamentary registers. Here's the thing. Peter Dutton was listed 71 00:03:57,360 --> 00:04:00,720 Speaker 2: with five properties. I quoted that on Tuesday, but there's 72 00:04:00,720 --> 00:04:03,240 Speaker 2: been an updated register. He's down to just one. But 73 00:04:03,280 --> 00:04:06,320 Speaker 2: there's no record heather of the spouses, no ability to 74 00:04:06,320 --> 00:04:09,920 Speaker 2: appear into family trusts either. It's a really poor look 75 00:04:09,960 --> 00:04:13,240 Speaker 2: by Elbow in the middle of a housing crisis. But notably, 76 00:04:13,320 --> 00:04:18,360 Speaker 2: Peter Dutton said nothing about slapping Elbow this week because 77 00:04:18,400 --> 00:04:21,000 Speaker 2: he knows that a lot of his own side also 78 00:04:21,080 --> 00:04:23,760 Speaker 2: have multiple properties. The only people howling about it are 79 00:04:23,800 --> 00:04:28,400 Speaker 2: these freaks from the Murdoch Press and Sky News, all 80 00:04:28,480 --> 00:04:32,320 Speaker 2: tutting away, all terrible, terrible, and maybe it will be 81 00:04:32,400 --> 00:04:35,400 Speaker 2: terrible come the election time. But look, it's a bad 82 00:04:35,440 --> 00:04:38,240 Speaker 2: look for elbow. It's a lovely home though, and maybe 83 00:04:38,279 --> 00:04:39,840 Speaker 2: he's slipping the wind. He might be out of a 84 00:04:39,920 --> 00:04:41,200 Speaker 2: job come by next year. 85 00:04:41,400 --> 00:04:44,720 Speaker 1: Maybe. So hey, thank you mass always appreciated. Murray Old's 86 00:04:44,720 --> 00:04:49,240 Speaker 1: Australia corresponding. For more from Heather Duplessy Allen Drive, listen 87 00:04:49,320 --> 00:04:52,360 Speaker 1: live to news Talks. It'd be from four pm weekdays, 88 00:04:52,440 --> 00:04:54,599 Speaker 1: or follow the podcast on iHeartRadio.