1
00:00:00,080 --> 00:00:02,840
Speaker 1: And finally an EMU named Frank has been apprehended after

2
00:00:02,880 --> 00:00:05,280
Speaker 1: two days on the run in Arizona. Now Frank escaped

3
00:00:05,280 --> 00:00:07,200
Speaker 1: from a ranch and wandered the streets of the town

4
00:00:07,240 --> 00:00:09,719
Speaker 1: of Cottonwood, paying a visit to Walmart, and police were

5
00:00:09,760 --> 00:00:12,160
Speaker 1: finally able to catch the EMU and return him to

6
00:00:12,160 --> 00:00:14,400
Speaker 1: his owner. But they say it wasn't easy.

7
00:00:14,480 --> 00:00:16,360
Speaker 2: They didn't run about thirty miles an hour, and I

8
00:00:16,360 --> 00:00:18,520
Speaker 2: guess he had on the after burners that day. I

9
00:00:18,560 --> 00:00:21,120
Speaker 2: don't know if you're aware. EMUs cannot walk backwards. Their

10
00:00:21,200 --> 00:00:23,119
Speaker 2: wegs don't work that way. So if you can chase

11
00:00:23,160 --> 00:00:25,759
Speaker 2: them into a corner as they're running ahead of you,

12
00:00:25,880 --> 00:00:28,400
Speaker 2: that's the safest and easiest way for both you and

13
00:00:28,440 --> 00:00:28,760
Speaker 2: the bird.

14
00:00:29,160 --> 00:00:31,320
Speaker 1: So there's something if you ever find yourself having to

15
00:00:31,400 --> 00:00:35,080
Speaker 1: chase an emu. Murray Old's Australia corresponding with us Alo.

16
00:00:34,960 --> 00:00:37,640
Speaker 2: Mus very handy tip here the good afternoon.

17
00:00:37,760 --> 00:00:40,640
Speaker 1: Yeah, who knew? Hey, So you guys have to apparently

18
00:00:40,680 --> 00:00:43,440
Speaker 1: start building houses worth half a million dollars.

19
00:00:44,320 --> 00:00:47,639
Speaker 2: This is the big call. It's pretty interesting really. It's

20
00:00:47,640 --> 00:00:50,520
Speaker 2: come from the boss of the Australia's second biggest bank,

21
00:00:50,560 --> 00:00:53,920
Speaker 2: and this is Westpac Anthony Miller took charge last Christmas

22
00:00:54,480 --> 00:00:58,800
Speaker 2: and on Monday, you know, he was unveiling the bank's

23
00:00:58,800 --> 00:01:01,520
Speaker 2: full year results and he made this point. He said,

24
00:01:01,560 --> 00:01:05,319
Speaker 2: listen on the average salary of around ninety thousand dollars.

25
00:01:05,400 --> 00:01:09,479
Speaker 2: Now in Australia, most working age people cannot get on

26
00:01:09,520 --> 00:01:13,039
Speaker 2: the property ladder. Banks, he said, generally will then five

27
00:01:13,120 --> 00:01:15,880
Speaker 2: to six times the income of borrowers. And that means

28
00:01:15,920 --> 00:01:18,800
Speaker 2: the average earner in Australia tops out at just around

29
00:01:18,800 --> 00:01:21,640
Speaker 2: half a million, maybe six hundred thousand dollars. And that

30
00:01:21,959 --> 00:01:24,080
Speaker 2: you know, with a house price in Sydney the median

31
00:01:24,400 --> 00:01:28,039
Speaker 2: one point five million, Well bloody good luck, it's not

32
00:01:28,120 --> 00:01:31,399
Speaker 2: much cheaper anywhere else. To be honest. Now, what Miller says,

33
00:01:31,480 --> 00:01:35,679
Speaker 2: the single biggest challenges is supply right. The key is

34
00:01:36,120 --> 00:01:39,560
Speaker 2: let's build cheaper. Now. The new South Wales government's doing

35
00:01:39,640 --> 00:01:43,000
Speaker 2: this in terms of public housing is rolling out what

36
00:01:43,160 --> 00:01:46,320
Speaker 2: was the stat I only interviewed her yesterday. Anyway, what

37
00:01:46,319 --> 00:01:50,160
Speaker 2: they're doing is using a lot of prefab modules that

38
00:01:50,200 --> 00:01:54,480
Speaker 2: are assembled off site, brought in and bolted together, and

39
00:01:54,520 --> 00:01:58,600
Speaker 2: the speed is dramatically enhanced. So he says, look, we've

40
00:01:58,640 --> 00:02:00,480
Speaker 2: all we all have to play a. You've got to

41
00:02:00,520 --> 00:02:03,880
Speaker 2: cut red tape governments, local governments, you have to speed

42
00:02:04,000 --> 00:02:07,040
Speaker 2: up the processing time. You've got a streamliner system that

43
00:02:07,120 --> 00:02:10,200
Speaker 2: can create an environment where a half billion dollar house

44
00:02:10,280 --> 00:02:13,120
Speaker 2: is possible. Well, bloody, good luck with that. Meantime, the

45
00:02:13,160 --> 00:02:17,119
Speaker 2: Reserve Bank Board has met today and there's no rate cut.

46
00:02:17,160 --> 00:02:20,160
Speaker 2: No one expected that after the inflation figures of last week.

47
00:02:20,360 --> 00:02:22,400
Speaker 2: And here's the thing, got a hold steady at three

48
00:02:22,400 --> 00:02:25,680
Speaker 2: point six percent. And here's the thing, Heather, The RBA

49
00:02:25,840 --> 00:02:28,240
Speaker 2: is now expected to wait until at least the second

50
00:02:28,280 --> 00:02:31,160
Speaker 2: half of next year to resume cutting the caps.

51
00:02:31,200 --> 00:02:33,680
Speaker 1: Col Lee, were you guys sitting on three point six

52
00:02:33,720 --> 00:02:35,240
Speaker 1: for basically the next year or so?

53
00:02:36,360 --> 00:02:39,120
Speaker 2: Well, next to six months, that's what the market is

54
00:02:39,160 --> 00:02:39,839
Speaker 2: pricing in.

55
00:02:40,480 --> 00:02:42,680
Speaker 1: Interesting Okay, Now what happened to the weapons expo.

56
00:02:43,680 --> 00:02:46,399
Speaker 2: Well, there's a couple of Israeli companies that are represented.

57
00:02:46,480 --> 00:02:49,160
Speaker 2: I mean, it's a big expo. It's one of the

58
00:02:49,160 --> 00:02:51,880
Speaker 2: biggest up we understand of the Southern hemisphere this year.

59
00:02:52,440 --> 00:02:54,600
Speaker 2: And at least one of the two Israeli companies that

60
00:02:55,200 --> 00:02:58,919
Speaker 2: is represented here has an Australium subsidiary. And so the

61
00:02:58,960 --> 00:03:01,640
Speaker 2: protest was organized by a group that's been around for

62
00:03:01,840 --> 00:03:04,919
Speaker 2: ever since October seven. This is the Palestine Action Group.

63
00:03:04,960 --> 00:03:07,440
Speaker 2: They've been protesting and said he it's about every single weekend.

64
00:03:07,880 --> 00:03:11,240
Speaker 2: And they turned out this morning and Darling Harbor, right

65
00:03:11,280 --> 00:03:13,079
Speaker 2: in the heart of the city police had set aside

66
00:03:13,080 --> 00:03:15,640
Speaker 2: an area for them to protest, and they decided that

67
00:03:15,680 --> 00:03:17,560
Speaker 2: wasn't good enough and they moved off and tried to

68
00:03:17,600 --> 00:03:20,160
Speaker 2: get down to the water and Darling Harbor where police

69
00:03:20,160 --> 00:03:22,960
Speaker 2: horses and so on were there. Ten people arrested, pepper

70
00:03:23,000 --> 00:03:27,160
Speaker 2: spray used, and the state government making the point listen, knuckleheads,

71
00:03:27,520 --> 00:03:30,280
Speaker 2: this is an industry worth three point four billion dollars

72
00:03:30,280 --> 00:03:32,680
Speaker 2: to New South Wales alone. So if you think you're

73
00:03:32,720 --> 00:03:34,360
Speaker 2: going to try and stop it, good luck. It's not

74
00:03:34,480 --> 00:03:35,960
Speaker 2: going to happen anytime soon.

75
00:03:36,920 --> 00:03:38,520
Speaker 1: Okay, what have you drawn for your sweepsteak?

76
00:03:39,480 --> 00:03:43,640
Speaker 2: I wasn't in a sweep gambling? Oh, I hate gambling.

77
00:03:43,640 --> 00:03:45,400
Speaker 2: I've only ever had one bet in the Melbourne Cup

78
00:03:45,440 --> 00:03:47,720
Speaker 2: and that was when Kiwi won back in nineteen eighty three.

79
00:03:47,800 --> 00:03:48,720
Speaker 1: And did you make money on it?

80
00:03:49,760 --> 00:03:51,560
Speaker 2: Oh? I only put ten dollars each way on it.

81
00:03:51,600 --> 00:03:54,240
Speaker 2: And I needed because I was so inexperienced, I needed

82
00:03:54,280 --> 00:03:56,360
Speaker 2: someone up at the tab to put the bet on

83
00:03:56,400 --> 00:03:57,520
Speaker 2: for me. I was hopeless.

84
00:03:57,680 --> 00:04:00,200
Speaker 1: All right, you have a much better reason than I do.

85
00:04:00,320 --> 00:04:05,040
Speaker 1: I just got left out of the sweepstake. That's how

86
00:04:05,120 --> 00:04:08,560
Speaker 1: much they like me. Mas okay, So where have you

87
00:04:08,600 --> 00:04:10,160
Speaker 1: been watching it though? Even if you're not going to

88
00:04:10,200 --> 00:04:10,560
Speaker 1: beat on it?

89
00:04:11,400 --> 00:04:13,240
Speaker 2: Oh yeah, I just like watching all the all the

90
00:04:13,280 --> 00:04:16,320
Speaker 2: young men and women. You know, try and hop on

91
00:04:16,360 --> 00:04:18,880
Speaker 2: the bus on the way home after the big day out.

92
00:04:19,960 --> 00:04:23,599
Speaker 2: There's I heard you mentioned El Riffer. El Riffer will

93
00:04:23,600 --> 00:04:26,800
Speaker 2: start in barrier nineteen. He's the top weight with fifty

94
00:04:26,880 --> 00:04:29,479
Speaker 2: nine kilos. He is the favorite. One partner us put

95
00:04:29,480 --> 00:04:32,599
Speaker 2: half a million dollars on El Riffer to win three

96
00:04:32,640 --> 00:04:35,880
Speaker 2: and a half million dollars, so he is. He will

97
00:04:35,920 --> 00:04:39,040
Speaker 2: start favorite. You've got the core Field Cup winner half yours.

98
00:04:39,040 --> 00:04:40,719
Speaker 2: If you've got that horse, you've got a good chance.

99
00:04:41,560 --> 00:04:44,920
Speaker 2: And you've then got a presage nocturn. I think he's

100
00:04:44,920 --> 00:04:47,040
Speaker 2: a gray one. He looks lovely belly and king and

101
00:04:47,080 --> 00:04:50,200
Speaker 2: bakaroo on the very end of the other end land

102
00:04:50,279 --> 00:04:55,360
Speaker 2: legend changing the guard and something called athabascan athabascan and

103
00:04:55,440 --> 00:04:57,760
Speaker 2: with no idea how to say that they're paying out

104
00:04:57,800 --> 00:05:00,919
Speaker 2: at sixty bucks for the win. Track is gonna be

105
00:05:01,240 --> 00:05:03,960
Speaker 2: soft because they've been running down there and they're jumping

106
00:05:03,960 --> 00:05:04,880
Speaker 2: in about twenty minutes.

107
00:05:04,960 --> 00:05:06,839
Speaker 1: Oh good stuff. Yeah you really sure you know what

108
00:05:06,880 --> 00:05:09,279
Speaker 1: you're talking about there, muz. Thanks very much. Marry Old's

109
00:05:09,279 --> 00:05:13,839
Speaker 1: Australia corresponding. For more from Hither Duplessy Allen Drive, listen

110
00:05:13,960 --> 00:05:17,000
Speaker 1: live to news Talks it'd be from four pm weekdays,

111
00:05:17,080 --> 00:05:19,280
Speaker 1: or follow the podcast on iHeartRadio