1 00:00:01,160 --> 00:00:03,960 Speaker 1: The issues, the interviews and the insight. 2 00:00:04,280 --> 00:00:08,560 Speaker 2: Ryan Bridge on early edition with x full insulation, keeping 3 00:00:08,640 --> 00:00:09,800 Speaker 2: Kimi Holmes warm and. 4 00:00:09,800 --> 00:00:12,440 Speaker 1: Tray this winter news talks. That'd be good morning. 5 00:00:12,440 --> 00:00:14,200 Speaker 3: It is six half for five. Great to have your 6 00:00:14,200 --> 00:00:17,120 Speaker 3: company coming up at four to six. The coward punch penalty. 7 00:00:17,680 --> 00:00:20,440 Speaker 3: Is it really going to make people stop and think 8 00:00:20,560 --> 00:00:23,720 Speaker 3: before they do something stupid like throw a punch? We'll 9 00:00:23,720 --> 00:00:27,600 Speaker 3: ask that question. Centrix data out this morning. Insolvencies up 10 00:00:27,720 --> 00:00:30,880 Speaker 3: twenty seven percent year on here for businesses. So which 11 00:00:30,960 --> 00:00:33,879 Speaker 3: parts of the economy are hurting the most and is 12 00:00:33,880 --> 00:00:36,559 Speaker 3: this because of the economy or is it enforcement by 13 00:00:36,600 --> 00:00:39,319 Speaker 3: the IID Donald Tomato in Australia. For US pennywong Off 14 00:00:39,320 --> 00:00:42,240 Speaker 3: to Washington and West New Zealand is open for business today. 15 00:00:42,640 --> 00:00:45,760 Speaker 3: Is it worth the forty five million dollar price tag 16 00:00:45,840 --> 00:00:48,159 Speaker 3: that we're paying? Seven after five. 17 00:00:49,840 --> 00:00:50,519 Speaker 1: The agenda. 18 00:00:50,720 --> 00:00:53,720 Speaker 3: Tuesday, first of July. Europe in heat wave. This morning, 19 00:00:53,800 --> 00:00:57,400 Speaker 3: two hundred schools closed Spain. Hottest June day on record 20 00:00:57,520 --> 00:00:58,720 Speaker 3: forty six degrees. 21 00:00:58,960 --> 00:01:02,000 Speaker 4: It is quite a lot to see this happening so 22 00:01:02,200 --> 00:01:03,480 Speaker 4: early in the summer season. 23 00:01:03,560 --> 00:01:04,959 Speaker 5: So the heat way season. 24 00:01:04,640 --> 00:01:07,280 Speaker 4: Across Europe starts at the beginning of June and it 25 00:01:07,280 --> 00:01:10,400 Speaker 4: would extend into September. So if you think about that, 26 00:01:10,560 --> 00:01:12,280 Speaker 4: you think about what we could see in the rest 27 00:01:12,280 --> 00:01:15,480 Speaker 4: of the summer with wildfires. And also we have this 28 00:01:16,240 --> 00:01:19,119 Speaker 4: dry conditions in large parts of Europe's as well, which 29 00:01:19,160 --> 00:01:20,360 Speaker 4: is raising. 30 00:01:20,080 --> 00:01:21,679 Speaker 1: The risk of drought. 31 00:01:21,959 --> 00:01:24,560 Speaker 3: Travel on the shoulder seats and everybody. That's the advice 32 00:01:24,760 --> 00:01:27,360 Speaker 3: now Around's Depity Foreign Minister. This is on the question 33 00:01:27,400 --> 00:01:29,560 Speaker 3: of whether they will get back to the table and 34 00:01:29,680 --> 00:01:33,800 Speaker 3: start talking about the nuclear program. Around Foreign Minister says 35 00:01:34,000 --> 00:01:36,640 Speaker 3: they must, the UIs must have all let any further strikes. 36 00:01:36,760 --> 00:01:40,160 Speaker 1: First, we have not agreed to any date. 37 00:01:40,920 --> 00:01:45,240 Speaker 6: You have not agreed to the modality. Right now we 38 00:01:45,600 --> 00:01:50,480 Speaker 6: are seeking an answer to this question. Are we going 39 00:01:50,520 --> 00:01:54,920 Speaker 6: to see a repetition of an actual aggess while we 40 00:01:55,040 --> 00:01:59,840 Speaker 6: are engaging India? They have not made their position here yet. 41 00:02:00,440 --> 00:02:02,440 Speaker 3: In the US, the Senate's now voting on the Big 42 00:02:02,480 --> 00:02:03,080 Speaker 3: Beautiful Bill. 43 00:02:03,160 --> 00:02:08,200 Speaker 7: Finally, this bill steals people's health care, jacks up their electricity, 44 00:02:08,200 --> 00:02:12,360 Speaker 7: bill takes away their jobs, all to pay for tax 45 00:02:12,440 --> 00:02:14,679 Speaker 7: breaks for billionaires. 46 00:02:14,720 --> 00:02:19,440 Speaker 8: And so yes, there are some improvements and reforms to 47 00:02:19,560 --> 00:02:22,840 Speaker 8: Medicaid to make it more efficient, to make sure that 48 00:02:22,880 --> 00:02:25,160 Speaker 8: the people who are supposed to benefit from medicaid do 49 00:02:25,960 --> 00:02:26,359 Speaker 8: and that it. 50 00:02:26,320 --> 00:02:28,520 Speaker 9: Doesn't go to people who shouldn't benefit from medicaid. 51 00:02:28,919 --> 00:02:31,919 Speaker 3: And to New York City the Diddy trial. As we speak, 52 00:02:31,960 --> 00:02:34,040 Speaker 3: the juries begun their deliberations. 53 00:02:34,560 --> 00:02:38,440 Speaker 10: The judge who has presided over this case, Ourn Subromanium, 54 00:02:38,520 --> 00:02:42,040 Speaker 10: gave lengthy instructions to the eight men and four women 55 00:02:42,600 --> 00:02:45,960 Speaker 10: of this jury on how to structure their deliberations. If 56 00:02:46,000 --> 00:02:49,160 Speaker 10: they do convict him of the most serious charges, he 57 00:02:49,200 --> 00:02:52,240 Speaker 10: could spend the rest of his life in prison. 58 00:02:53,480 --> 00:02:56,080 Speaker 2: The news you need this morning and the in depth 59 00:02:56,080 --> 00:02:59,840 Speaker 2: analysis earlier this ship with Ryan Bridge and expul in 60 00:03:00,720 --> 00:03:04,000 Speaker 2: keeping Kiwi homes warm and dry, this winter news talks, 61 00:03:04,000 --> 00:03:04,680 Speaker 2: he'd be it is. 62 00:03:04,760 --> 00:03:06,840 Speaker 3: Nine after five. Great to have your company this morning. 63 00:03:06,919 --> 00:03:09,160 Speaker 3: So stocks only thing going up really, it seems around 64 00:03:09,200 --> 00:03:11,960 Speaker 3: the world of temperatures if you're in Europe, and stocks 65 00:03:12,040 --> 00:03:15,360 Speaker 3: in the US going through the roof and in the 66 00:03:15,440 --> 00:03:18,399 Speaker 3: end of a pretty crazy second quarter for the markets. 67 00:03:18,639 --> 00:03:20,400 Speaker 3: Now the reason they've gone up overnight this is the 68 00:03:20,480 --> 00:03:23,080 Speaker 3: S and P five hundred and the Nasdaq heading new 69 00:03:23,120 --> 00:03:28,600 Speaker 3: intra day records. Canada has withdrawn its digital services tax, 70 00:03:28,680 --> 00:03:31,200 Speaker 3: so you know how Carne obviously wants a deal over 71 00:03:31,600 --> 00:03:33,880 Speaker 3: tariffs with Trump, and they're trying to negotiate that and 72 00:03:33,880 --> 00:03:36,120 Speaker 3: blah blah blah, and Trump the other day was throwing 73 00:03:36,120 --> 00:03:38,200 Speaker 3: a big stick around, waving a stick around on true 74 00:03:38,200 --> 00:03:41,480 Speaker 3: social you know, we'll just blow up the any agreement 75 00:03:41,880 --> 00:03:45,600 Speaker 3: or any partial agreement we had anyway. So that seems 76 00:03:45,640 --> 00:03:48,560 Speaker 3: to be coming to ahead because Carne clearly wants a deal. 77 00:03:49,000 --> 00:03:51,640 Speaker 3: So the S and P five hundred finishing on a high, 78 00:03:52,080 --> 00:03:55,760 Speaker 3: highest close on Friday since February. So it's actually up 79 00:03:55,960 --> 00:04:00,760 Speaker 3: eight percent on when Trump announced the tariff. So yes, 80 00:04:00,800 --> 00:04:02,480 Speaker 3: it took a big hat, but it's actually up. We're 81 00:04:02,480 --> 00:04:06,120 Speaker 3: eight percent higher than we were before. You've still got 82 00:04:06,120 --> 00:04:10,200 Speaker 3: strong corporate earnings, You've still got growth, pretty resilient holding up. 83 00:04:10,240 --> 00:04:14,720 Speaker 3: Inflation is near two percent. So that's a pretty incredible 84 00:04:14,760 --> 00:04:17,560 Speaker 3: story really for a stock market that's been battered and 85 00:04:17,640 --> 00:04:20,440 Speaker 3: bruised to come out with a result like that. Ten 86 00:04:20,520 --> 00:04:22,560 Speaker 3: after five News talks there be we'll talk here in 87 00:04:22,600 --> 00:04:26,279 Speaker 3: New Zealand about invest New Zealand. Can we attract some 88 00:04:26,360 --> 00:04:30,520 Speaker 3: of that foreign capital to come our way. That's next 89 00:04:30,600 --> 00:04:31,560 Speaker 3: ten after five. 90 00:04:32,560 --> 00:04:36,240 Speaker 2: Get ahead of the headlines on early edition with Ryan 91 00:04:36,279 --> 00:04:40,280 Speaker 2: Bridge and x Fole insulation keeping Kiwi Holmes warm and 92 00:04:40,360 --> 00:04:41,200 Speaker 2: dry this winter. 93 00:04:41,440 --> 00:04:42,600 Speaker 1: News talks, that'd be five. 94 00:04:42,480 --> 00:04:44,719 Speaker 3: Po thirteen on news talks, there'd be nobody puts Winston 95 00:04:44,760 --> 00:04:48,039 Speaker 3: Peters in privatization in the same sentence. Well, normally, you 96 00:04:48,080 --> 00:04:50,640 Speaker 3: know the economic nationalist he is, you wouldn't do that. 97 00:04:50,839 --> 00:04:53,279 Speaker 3: But this morning there's a story in the Herald Winston 98 00:04:53,279 --> 00:04:57,240 Speaker 3: Peters has opened the door for the part privatization of 99 00:04:57,279 --> 00:04:59,800 Speaker 3: the new fairies that we're getting. So we get a 100 00:05:00,000 --> 00:05:03,120 Speaker 3: couple of new, beautiful, brand spanking fairies, and they're bigger 101 00:05:03,160 --> 00:05:05,680 Speaker 3: and better than the previous ones. Not as big or 102 00:05:05,720 --> 00:05:07,159 Speaker 3: as good as the ones we would have got, but 103 00:05:07,240 --> 00:05:11,440 Speaker 3: better than the ones we have Anyway, Peters takes a 104 00:05:11,480 --> 00:05:14,200 Speaker 3: paper to Cabinet earlier this year with Nikola Willis and 105 00:05:14,320 --> 00:05:17,919 Speaker 3: Chris Bishop, and included in that is a direction to 106 00:05:18,040 --> 00:05:21,479 Speaker 3: Faery Holdings, which is the publicly owned companies set up 107 00:05:21,520 --> 00:05:25,000 Speaker 3: to get these fairies to consider options for ferry ownership 108 00:05:25,640 --> 00:05:28,839 Speaker 3: and the operation that will improve efficiency and recycle government 109 00:05:28,839 --> 00:05:31,160 Speaker 3: capital in other world in other words, get capital out 110 00:05:31,160 --> 00:05:33,359 Speaker 3: and then put it in somewhere else. So that is 111 00:05:33,360 --> 00:05:35,440 Speaker 3: on the table. But then you ask Inston Peter's to 112 00:05:35,520 --> 00:05:37,360 Speaker 3: his face and he says, no, We're not doing anything 113 00:05:37,480 --> 00:05:41,680 Speaker 3: like that. So a curious move and reeks of something 114 00:05:41,880 --> 00:05:46,160 Speaker 3: to do with backroom negotiations amongst the coalition partners. Fourteen 115 00:05:46,200 --> 00:05:50,280 Speaker 3: after five from today will officially have a new regulatory 116 00:05:50,279 --> 00:05:53,839 Speaker 3: body for overseas investment. Invest in Z is an agency 117 00:05:53,839 --> 00:05:56,160 Speaker 3: set up to help attract and retain large investment from 118 00:05:56,200 --> 00:05:59,640 Speaker 3: overseas buyers. Responsible Minister Tom McClay hopes this will create 119 00:05:59,760 --> 00:06:03,640 Speaker 3: job boost productivity. Catherine bed Sea Business ends, the advocacy 120 00:06:03,720 --> 00:06:07,040 Speaker 3: director with us this morning. Catherine, good morning, Good morning. 121 00:06:07,360 --> 00:06:09,920 Speaker 3: So this is obviously going to be an expensive exercise. 122 00:06:10,200 --> 00:06:12,960 Speaker 3: I think forty five million dollars over the next few years. 123 00:06:13,520 --> 00:06:16,039 Speaker 3: Are we sure of eighty five million dollars over four 124 00:06:16,120 --> 00:06:19,760 Speaker 3: years to establish it and it's as itself as an 125 00:06:19,760 --> 00:06:22,320 Speaker 3: autonomous Crown entity. Is it going to be worth it? 126 00:06:22,360 --> 00:06:24,280 Speaker 3: Do we think? Oh? 127 00:06:24,320 --> 00:06:27,880 Speaker 11: Look, we definitely had to do something, Ryan. We are 128 00:06:27,920 --> 00:06:30,440 Speaker 11: one of the hardest places to invest in the OECD 129 00:06:31,440 --> 00:06:38,039 Speaker 11: and as everybody knows, investment is the lifeblood of economic success, 130 00:06:38,120 --> 00:06:41,000 Speaker 11: so we definitely needed to make it easier and I 131 00:06:41,000 --> 00:06:43,760 Speaker 11: think this is a really good start. It will be 132 00:06:43,880 --> 00:06:48,680 Speaker 11: much much more of a bespoke concierge sort of approach. 133 00:06:48,720 --> 00:06:51,359 Speaker 11: I think they've looked at Ireland and other countries that 134 00:06:51,400 --> 00:06:55,719 Speaker 11: do it far better than we do. And my understanding 135 00:06:55,760 --> 00:06:57,800 Speaker 11: is it's going to be quite a small, lean and 136 00:06:57,880 --> 00:07:02,159 Speaker 11: mean agency as well, and taking some of that work 137 00:07:02,200 --> 00:07:05,200 Speaker 11: away from MZTE. So hopefully it's not going to be 138 00:07:05,279 --> 00:07:06,680 Speaker 11: too expensive. 139 00:07:06,640 --> 00:07:09,440 Speaker 3: Right And do you what sort of people do you 140 00:07:09,480 --> 00:07:10,920 Speaker 3: think that they'll be hiring. 141 00:07:13,040 --> 00:07:16,480 Speaker 12: Look, I've heard that it'll be people with really good 142 00:07:17,000 --> 00:07:21,480 Speaker 12: roll indecks of international investors, in connections, so they should 143 00:07:21,520 --> 00:07:26,600 Speaker 12: be well connected to investors around the world, and you know, 144 00:07:26,640 --> 00:07:29,440 Speaker 12: they should be also looking at where the opportunities are 145 00:07:29,480 --> 00:07:31,880 Speaker 12: here and where our gaps are and where. 146 00:07:31,640 --> 00:07:35,240 Speaker 11: We actually need investment. So well connected people. Not a 147 00:07:35,280 --> 00:07:38,600 Speaker 11: lot of them my understanding, but well connected all right. 148 00:07:38,680 --> 00:07:41,120 Speaker 3: So we will live and across our fingers and hope 149 00:07:41,160 --> 00:07:43,360 Speaker 3: and pray that this works. We need to, of course, 150 00:07:43,400 --> 00:07:47,440 Speaker 3: have attractive investments here to begin with. Is this is 151 00:07:47,480 --> 00:07:51,880 Speaker 3: our problem just cosmetic we're not advertising ourselves well enough 152 00:07:52,040 --> 00:07:55,000 Speaker 3: or are there a lack of viable attractive deals? 153 00:07:56,160 --> 00:07:56,320 Speaker 13: Oh? 154 00:07:56,440 --> 00:07:59,720 Speaker 11: Look, I think there'll be a lot to invest in 155 00:07:59,720 --> 00:08:02,280 Speaker 11: a New Zealand. You know, as you know, we have 156 00:08:02,320 --> 00:08:06,960 Speaker 11: a big infrastructure deficit. There's a lot of spending that 157 00:08:07,040 --> 00:08:11,160 Speaker 11: needs to be done. And yeah, and you know, look, 158 00:08:11,200 --> 00:08:13,200 Speaker 11: I think we've got a lot of opportunities in the 159 00:08:13,240 --> 00:08:16,600 Speaker 11: future if we get into some more long term thinking 160 00:08:16,840 --> 00:08:20,480 Speaker 11: and you know, business is Zealand we're advocating thirty years. 161 00:08:20,960 --> 00:08:25,080 Speaker 11: You know, have a thirty year horizon. What will we need? 162 00:08:25,160 --> 00:08:28,560 Speaker 11: What could we be great at and let's have a 163 00:08:28,560 --> 00:08:29,560 Speaker 11: plan and get on with it. 164 00:08:30,000 --> 00:08:32,280 Speaker 3: Catherine, appreciate your time this morning. Thank you for coming on. 165 00:08:32,360 --> 00:08:35,600 Speaker 3: Catherine Beard, Business en Advocacy Directed. That time is sixteen 166 00:08:35,600 --> 00:08:39,920 Speaker 3: after five year on News Talks theb construction industry. No 167 00:08:40,080 --> 00:08:44,559 Speaker 3: surprises for you. You feature quite prominently in company liquidations 168 00:08:44,679 --> 00:08:46,600 Speaker 3: up twenty seven percent year on year. 169 00:08:46,640 --> 00:08:50,440 Speaker 2: More on that next on your radio and online on 170 00:08:50,559 --> 00:08:55,360 Speaker 2: iHeartRadio early edition with Ryan Bridge and x foll Insulation 171 00:08:55,640 --> 00:08:57,520 Speaker 2: keeping Kiwi Holmes warm and dry. 172 00:08:57,640 --> 00:09:01,640 Speaker 3: This winter News Talks at B five nineteen on Newstalks RBS. 173 00:09:01,720 --> 00:09:04,000 Speaker 3: So from today there's a new twenty four to seven 174 00:09:04,080 --> 00:09:07,160 Speaker 3: digital health service, so you can basically call or you 175 00:09:07,200 --> 00:09:11,160 Speaker 3: can video chat a doctor. And this is round the 176 00:09:11,160 --> 00:09:14,560 Speaker 3: clock outside normal clinic hours. Things that they this is 177 00:09:14,600 --> 00:09:17,360 Speaker 3: the government giving you information. Things you can ring them 178 00:09:17,400 --> 00:09:19,680 Speaker 3: about a mother with a sick child in the middle 179 00:09:19,679 --> 00:09:22,360 Speaker 3: of the night, someone waking up with a sudden rash 180 00:09:22,440 --> 00:09:25,960 Speaker 3: on a public holiday. Sounds like it's been a good one. 181 00:09:26,520 --> 00:09:29,200 Speaker 3: A farmer in rural New Zealand needing help after ours, 182 00:09:29,280 --> 00:09:31,480 Speaker 3: a family on holiday in a different part of the country, 183 00:09:31,559 --> 00:09:33,840 Speaker 3: or someone not enrolled with the local GP, which is 184 00:09:33,880 --> 00:09:35,760 Speaker 3: a good point because when you're in a different area 185 00:09:36,280 --> 00:09:39,400 Speaker 3: you have to pay these exorbitant fees. So anyway, this 186 00:09:39,440 --> 00:09:41,360 Speaker 3: is what's happening from today. You can now call a 187 00:09:41,440 --> 00:09:45,960 Speaker 3: number and have a video consult through the government and 188 00:09:46,000 --> 00:09:48,760 Speaker 3: this is to improve the lot because people are waiting 189 00:09:48,800 --> 00:09:50,920 Speaker 3: too long to see a GP. This is one of 190 00:09:50,920 --> 00:09:52,480 Speaker 3: the ways I'll do it. But it's a little bit 191 00:09:52,559 --> 00:09:56,720 Speaker 3: like using private hospitals for public operations. Is there a 192 00:09:56,960 --> 00:09:59,760 Speaker 3: staffing shortage? Do you create a problem with the labor 193 00:09:59,760 --> 00:10:03,319 Speaker 3: works down the line? People won't care well they once 194 00:10:03,320 --> 00:10:04,719 Speaker 3: you've got a coffin and you phone a number and 195 00:10:04,760 --> 00:10:08,000 Speaker 3: it's sorted. Twenty after five, Ryan Bridge, you started out 196 00:10:08,000 --> 00:10:11,160 Speaker 3: this morning from centrics and business liquidations up twenty seven 197 00:10:11,200 --> 00:10:14,880 Speaker 3: percent year on year. Business loan defaults also up fourteen percent. 198 00:10:14,920 --> 00:10:18,760 Speaker 3: Brian Williams principal at BWA Insolvency with me this morning, Brian. 199 00:10:18,800 --> 00:10:20,839 Speaker 3: Good morning, Oh, good morning Ryan. 200 00:10:20,880 --> 00:10:21,720 Speaker 14: Good to speak with you. 201 00:10:21,760 --> 00:10:25,160 Speaker 3: Great to have you on. Now, are these insolvencies because 202 00:10:25,200 --> 00:10:29,040 Speaker 3: of the economy or because we're taking more enforcement action? 203 00:10:29,160 --> 00:10:30,080 Speaker 3: What's behind them? 204 00:10:30,760 --> 00:10:33,040 Speaker 14: I think that the combination of both. To be honest, 205 00:10:33,960 --> 00:10:38,160 Speaker 14: I think that the density four hitholders to take the 206 00:10:38,240 --> 00:10:40,560 Speaker 14: view that they can no longer continue with their current 207 00:10:40,600 --> 00:10:44,040 Speaker 14: circumstances is certainly a feature of what we're seeing, but 208 00:10:44,240 --> 00:10:47,400 Speaker 14: it is clearly a result or an after glow of 209 00:10:47,480 --> 00:10:51,360 Speaker 14: COVID and the lower demand that's flowed out of the 210 00:10:51,400 --> 00:10:56,000 Speaker 14: government policies. I think that's exposed. We can balance sheets 211 00:10:56,400 --> 00:10:58,920 Speaker 14: as the tiger's out. Of course, that exposes all of 212 00:10:58,920 --> 00:11:03,800 Speaker 14: those rocks that are not forming the strongest position for 213 00:11:03,840 --> 00:11:07,920 Speaker 14: the companies, and they can't be dealt with by continued 214 00:11:08,040 --> 00:11:10,320 Speaker 14: levels of sales that existed in the past. 215 00:11:10,640 --> 00:11:14,600 Speaker 3: What sort of businesses are able to survive? I mean, 216 00:11:14,640 --> 00:11:18,240 Speaker 3: are you seeing trends in terms of industries presumably constructions 217 00:11:18,320 --> 00:11:18,680 Speaker 3: up there? 218 00:11:19,520 --> 00:11:23,240 Speaker 14: Well, I think the construction always features highly anyway, because 219 00:11:23,280 --> 00:11:26,880 Speaker 14: they represent such a high proportion of the gross domestic 220 00:11:26,920 --> 00:11:29,800 Speaker 14: products of the country. But they're certainly high, no doubt 221 00:11:29,800 --> 00:11:35,199 Speaker 14: about that. The particular segment inside the construction industry of 222 00:11:35,280 --> 00:11:39,480 Speaker 14: those builders that started for the hammer and started to 223 00:11:39,800 --> 00:11:43,360 Speaker 14: smash nails and a timber and don't necessarily followed up 224 00:11:43,360 --> 00:11:46,439 Speaker 14: with the exities that requires to make sure that they're 225 00:11:46,520 --> 00:11:50,199 Speaker 14: very slim margins results in survival. 226 00:11:52,000 --> 00:11:55,160 Speaker 3: Sorry, party, absolutely. When do you see this turning around? 227 00:11:55,160 --> 00:11:56,880 Speaker 3: I mean you're at the could face and we're seeing 228 00:11:56,880 --> 00:11:59,000 Speaker 3: it every month we get the reports that it's here 229 00:11:59,040 --> 00:12:01,760 Speaker 3: on year, still up. When do we start to see 230 00:12:01,760 --> 00:12:02,800 Speaker 3: it come down? Do you think? 231 00:12:04,360 --> 00:12:07,880 Speaker 14: I think later this year, And it could be asked, 232 00:12:07,880 --> 00:12:10,120 Speaker 14: why would I think that. I think that there is 233 00:12:10,400 --> 00:12:14,280 Speaker 14: a discretionary spend will increase as the year progresses, as 234 00:12:14,280 --> 00:12:17,960 Speaker 14: the sun shines more towards Christmas. People have an enlightened 235 00:12:18,080 --> 00:12:22,199 Speaker 14: or like the viewpoint about their future. But they've got 236 00:12:22,240 --> 00:12:25,840 Speaker 14: to have funds to spend, and that is going to 237 00:12:25,840 --> 00:12:32,120 Speaker 14: be lowered interest rates and I guess costs coming down. 238 00:12:33,000 --> 00:12:35,120 Speaker 14: So I think that later on this year there will 239 00:12:35,160 --> 00:12:38,199 Speaker 14: also be I think a new surge of a new 240 00:12:38,280 --> 00:12:42,360 Speaker 14: economy on the way. If gear political environment will allow it, 241 00:12:42,960 --> 00:12:46,080 Speaker 14: there'll be a new economy on the way. AI is 242 00:12:46,360 --> 00:12:49,000 Speaker 14: featuring more and more in the news all the time, 243 00:12:49,640 --> 00:12:54,800 Speaker 14: and there'll be new providers, new supply siders. So I 244 00:12:54,840 --> 00:12:58,160 Speaker 14: think Christmas New Year will be the time where we get. 245 00:12:58,000 --> 00:13:02,280 Speaker 3: A little, little, most little kickback. Brian appreciate you to 246 00:13:02,320 --> 00:13:05,360 Speaker 3: at least not getting worse month on month. Brian, appreciate 247 00:13:05,360 --> 00:13:07,160 Speaker 3: you time this morning. Thank you very much, principal at 248 00:13:07,200 --> 00:13:10,280 Speaker 3: BWA insolvency if you're just joining us. Company liquidations was 249 00:13:10,320 --> 00:13:14,520 Speaker 3: in twenty seven percent year on year, partly, as Brian says, 250 00:13:14,559 --> 00:13:17,800 Speaker 3: partly because of IID enforcement action, but also partly just 251 00:13:17,800 --> 00:13:19,400 Speaker 3: the state of the economy at the moment. Twenty three 252 00:13:19,400 --> 00:13:21,640 Speaker 3: minutes after five News Talks, here be more on AI 253 00:13:21,800 --> 00:13:22,920 Speaker 3: next the. 254 00:13:23,040 --> 00:13:27,679 Speaker 2: Early edition full show podcast on iHeartRadio powered by News Talks. 255 00:13:27,679 --> 00:13:31,040 Speaker 3: It be five twenty five News Talks. There be the 256 00:13:31,160 --> 00:13:34,199 Speaker 3: robots are coming. Look out everybody and they reckon though 257 00:13:34,240 --> 00:13:37,680 Speaker 3: that be better at us than us humans doing really difficult 258 00:13:37,720 --> 00:13:42,360 Speaker 3: complex stuff like being a doctor. Microsoft has announced overnight 259 00:13:42,520 --> 00:13:45,960 Speaker 3: an artificial intelligence system which I am just calling a 260 00:13:46,040 --> 00:13:50,200 Speaker 3: robot that performs better. This is what they're arguing performs 261 00:13:50,280 --> 00:13:55,679 Speaker 3: better than a human doctor at complex health diagnosis. This 262 00:13:55,720 --> 00:13:58,000 Speaker 3: is according to Guardian reporting in the last couple of 263 00:13:58,040 --> 00:14:01,679 Speaker 3: hours they say Microsoft's come out. There AI unit has 264 00:14:01,720 --> 00:14:05,760 Speaker 3: come out and said they're creating a path to medical superintelligence. 265 00:14:06,640 --> 00:14:10,600 Speaker 3: Look out world. So they think in their case studies 266 00:14:11,320 --> 00:14:17,280 Speaker 3: that their AI doctor solves or correctly diagnosed eight out 267 00:14:17,280 --> 00:14:20,880 Speaker 3: of ten case studies, really complex ones eight out of ten. 268 00:14:21,240 --> 00:14:23,680 Speaker 3: The real doctors who didn't have access to the Internet 269 00:14:23,760 --> 00:14:26,280 Speaker 3: or to books or anything, the real doctors two out 270 00:14:26,320 --> 00:14:29,440 Speaker 3: of ten. So who are you going to trust? And 271 00:14:29,480 --> 00:14:32,320 Speaker 3: that's the question you start asking yourself. Do you trust 272 00:14:32,360 --> 00:14:35,720 Speaker 3: AI to make important decisions, like health decisions on your behalf, 273 00:14:36,200 --> 00:14:39,360 Speaker 3: even though doctors don't always get it right. The thought 274 00:14:39,360 --> 00:14:42,320 Speaker 3: of a computer deciding your fate is kind of weird, 275 00:14:42,560 --> 00:14:45,760 Speaker 3: hard to get used to. But if it's shown to 276 00:14:45,840 --> 00:14:49,720 Speaker 3: work reliably, if it's accurate, and I suppose why not. China, meanwhile, 277 00:14:50,280 --> 00:14:53,840 Speaker 3: is into robots big time. A company there wants a 278 00:14:54,000 --> 00:14:57,280 Speaker 3: humanoid robot cleaning our dishes and washing our clothes in 279 00:14:57,280 --> 00:14:59,560 Speaker 3: a matter of years. They had an exhibition this week. 280 00:15:00,000 --> 00:15:03,560 Speaker 3: They want one robot for every home, and this I 281 00:15:03,600 --> 00:15:06,080 Speaker 3: can get on board with. But you've got to ask. 282 00:15:06,160 --> 00:15:08,760 Speaker 3: With the robots apparently taking every job under the sun, 283 00:15:08,880 --> 00:15:11,320 Speaker 3: they'll be cutting our hair soon. What are we going 284 00:15:11,400 --> 00:15:14,280 Speaker 3: to do once they've completed their mission to take over 285 00:15:14,320 --> 00:15:16,960 Speaker 3: the world? What do we do for work? Seventy seven 286 00:15:16,960 --> 00:15:20,400 Speaker 3: percent of companies are either using AI right now or 287 00:15:20,440 --> 00:15:23,880 Speaker 3: are actively trying to. Year on year growth for this 288 00:15:24,000 --> 00:15:27,440 Speaker 3: industry is now at more than one hundred percent. Seventy 289 00:15:27,600 --> 00:15:31,360 Speaker 3: seven percent of all devices in the world are currently 290 00:15:31,480 --> 00:15:34,640 Speaker 3: using some form of AI. And I get why this 291 00:15:34,680 --> 00:15:39,080 Speaker 3: is happening and everything from health to housework, because it's 292 00:15:39,120 --> 00:15:42,960 Speaker 3: far more efficient and cost effective to do this. But 293 00:15:43,400 --> 00:15:45,600 Speaker 3: with so much of the work being done by others, 294 00:15:46,040 --> 00:15:47,600 Speaker 3: what's left to occupy our time? 295 00:15:48,600 --> 00:15:49,360 Speaker 1: Fry and Bridge? 296 00:15:49,440 --> 00:15:51,640 Speaker 3: Shall we just sit and think? I don't know. What 297 00:15:51,680 --> 00:15:53,920 Speaker 3: do we do? Is it like early retirement? How do 298 00:15:54,040 --> 00:15:56,960 Speaker 3: we get paid? Twenty eight minutes after five news talks, 299 00:15:56,960 --> 00:16:02,800 Speaker 3: thereb Dalai Lama is preparing for his succession plan and 300 00:16:02,840 --> 00:16:05,320 Speaker 3: this is irking China because of course China thinks that 301 00:16:05,360 --> 00:16:08,760 Speaker 3: they will pick the next Dalai Lama. They see him 302 00:16:08,760 --> 00:16:11,640 Speaker 3: as a separatist. He's living in exile outside of Tibet, 303 00:16:11,680 --> 00:16:14,960 Speaker 3: He's living in India, and the Dalai Lama is apparently 304 00:16:15,000 --> 00:16:19,120 Speaker 3: going to reveal The process for this is ahead of 305 00:16:19,120 --> 00:16:23,080 Speaker 3: his ninetieth birthday, so he's doing well innings wise. He 306 00:16:23,120 --> 00:16:25,240 Speaker 3: is going to announce what the process is for picking 307 00:16:25,280 --> 00:16:28,120 Speaker 3: a successor, and this is really irked China because they 308 00:16:28,160 --> 00:16:30,040 Speaker 3: think they will be Beijing will be the one to 309 00:16:30,040 --> 00:16:33,560 Speaker 3: pick whoever it is, boy or girl, and where they 310 00:16:33,600 --> 00:16:36,360 Speaker 3: come from is the other important thing too. Twenty eight 311 00:16:36,360 --> 00:16:39,160 Speaker 3: minutes after five coming up after the news at five thirty, 312 00:16:39,160 --> 00:16:41,600 Speaker 3: we'll get to our reporters around the country. Donnad de 313 00:16:41,680 --> 00:16:45,080 Speaker 3: Mayo is in Australia for US this morning, and lots 314 00:16:45,080 --> 00:16:48,360 Speaker 3: to talk about with her, including Penny Wong heading off 315 00:16:48,400 --> 00:16:53,240 Speaker 3: to America and the press in Australia saying that she's 316 00:16:53,320 --> 00:16:55,120 Speaker 3: the wrong person for the job. You don't want to 317 00:16:55,120 --> 00:16:58,240 Speaker 3: send somebody who has sort of blundered her way through 318 00:16:58,280 --> 00:17:02,600 Speaker 3: the Gaza situation and raised eyebrows over in Washington. But 319 00:17:02,640 --> 00:17:04,720 Speaker 3: nonetheless she'll be off so done and demy on that. 320 00:17:05,320 --> 00:17:08,520 Speaker 3: And of course we'll look at the record temperatures out 321 00:17:08,560 --> 00:17:11,840 Speaker 3: of this European heat wave and more on the Microsoft 322 00:17:12,000 --> 00:17:14,840 Speaker 3: announcement overnight too here on News Talk sbb. 323 00:17:27,440 --> 00:17:37,360 Speaker 2: WELL News and Views you Trust. To start your day, 324 00:17:37,680 --> 00:17:42,040 Speaker 2: It's early edition with Ryan Bridge at EXPOL insallation keeping 325 00:17:42,119 --> 00:17:43,680 Speaker 2: Kiwi Holmes ward and dry. 326 00:17:43,800 --> 00:17:45,320 Speaker 1: This winter News Talks EDB. 327 00:17:49,960 --> 00:17:52,600 Speaker 3: Good morning, twenty four minutes away from six. News TALKSB 328 00:17:52,960 --> 00:17:54,679 Speaker 3: are coming up before six. We're going to get to 329 00:17:54,760 --> 00:17:58,440 Speaker 3: a defense Luare. This is on from the Law Association 330 00:17:58,560 --> 00:18:01,640 Speaker 3: on the coward punch? Is a law like that's actually 331 00:18:01,720 --> 00:18:04,320 Speaker 3: going to change the way people think? Are you going 332 00:18:04,359 --> 00:18:06,840 Speaker 3: to have a rational thought in the middle of throwing 333 00:18:06,840 --> 00:18:08,679 Speaker 3: a cowd punch and think, oh, I could go to 334 00:18:08,680 --> 00:18:11,560 Speaker 3: prison for longer, so therefore I won't do this? And 335 00:18:11,760 --> 00:18:14,240 Speaker 3: is that actually the point? We'll look at that before six. Also, 336 00:18:14,520 --> 00:18:17,560 Speaker 3: our Australia correspondent Don and tomorrows with us. Penny Wong 337 00:18:17,800 --> 00:18:20,960 Speaker 3: is off to Washington today. A lot of people say 338 00:18:21,040 --> 00:18:23,240 Speaker 3: she shouldn't be going. We'll tell you why. Right now. 339 00:18:23,280 --> 00:18:24,320 Speaker 3: It is twenty three to. 340 00:18:24,320 --> 00:18:26,520 Speaker 1: Six, Ryan Bridge, Slow. 341 00:18:26,200 --> 00:18:29,280 Speaker 3: Reporters around the country and we'll go to Cullum and Dunedin. 342 00:18:29,320 --> 00:18:33,359 Speaker 3: Cullum Dunedin Council adopting this annual plan. This includes the 343 00:18:33,760 --> 00:18:37,200 Speaker 3: higher rates, right yeah, it does, Ryan Morning. 344 00:18:37,520 --> 00:18:40,199 Speaker 15: The plan approved yesterday includes a ten point seven percent 345 00:18:40,280 --> 00:18:44,040 Speaker 15: rates rise for Dunedin rate payers for the coming year 346 00:18:44,080 --> 00:18:46,480 Speaker 15: ten point seven So that's slightly higher than the ten 347 00:18:46,520 --> 00:18:51,080 Speaker 15: point five which was previously consulted on look the mayor 348 00:18:51,080 --> 00:18:53,240 Speaker 15: here at Jills Raddicks. Defending this rise, He says to 349 00:18:53,280 --> 00:18:56,200 Speaker 15: Needin's rates are much lower than many of our neighbors, 350 00:18:56,320 --> 00:18:59,159 Speaker 15: and he says given rates rises across the country for 351 00:18:59,240 --> 00:19:02,160 Speaker 15: communities to live their infrastructure, he believes the Needin's rates 352 00:19:02,200 --> 00:19:05,320 Speaker 15: are still below average. He also says their nine year 353 00:19:05,400 --> 00:19:08,480 Speaker 15: plan achieved the flattening of debt they need and a 354 00:19:08,520 --> 00:19:10,400 Speaker 15: balanced budget for the first time in a while. 355 00:19:10,440 --> 00:19:11,400 Speaker 3: All Right, how's your weather. 356 00:19:12,280 --> 00:19:14,840 Speaker 15: It's fine, fresh westerlies today the high thirteen. 357 00:19:15,040 --> 00:19:17,840 Speaker 3: Nice one callum, thank you and Courtney in christ jets 358 00:19:17,840 --> 00:19:18,080 Speaker 3: for us. 359 00:19:18,080 --> 00:19:19,560 Speaker 1: Hey, Courtney, good morning. 360 00:19:19,720 --> 00:19:22,520 Speaker 3: Tell us about the upgrades around the new stadium. Apparently 361 00:19:23,160 --> 00:19:24,119 Speaker 3: very much on time. 362 00:19:24,960 --> 00:19:27,800 Speaker 16: Yes, no, always a good story when it comes to 363 00:19:27,840 --> 00:19:31,280 Speaker 16: the stadium. So thirty four million dollar project has improved 364 00:19:31,320 --> 00:19:34,840 Speaker 16: the water and transport networks around One New Zealand Stadium 365 00:19:34,920 --> 00:19:38,720 Speaker 16: ahead of its opening in April. MDTA cut funding for 366 00:19:38,720 --> 00:19:41,720 Speaker 16: the upgrades in November, so the council decided to cover 367 00:19:41,760 --> 00:19:42,800 Speaker 16: the costs themselves. 368 00:19:43,200 --> 00:19:43,560 Speaker 3: It says. 369 00:19:43,680 --> 00:19:46,439 Speaker 16: The final layer of ashvelt on the footpaths will be 370 00:19:46,440 --> 00:19:50,080 Speaker 16: completed later this year, along with landscaping works on the 371 00:19:50,119 --> 00:19:54,040 Speaker 16: stadium grounds. The six hundred and eighty three million dollar 372 00:19:54,080 --> 00:19:57,480 Speaker 16: stadium is on schedule to open in April next year. 373 00:19:57,720 --> 00:19:59,720 Speaker 3: Fantastic. That is always good news, Courtney. 374 00:19:59,720 --> 00:20:02,840 Speaker 1: How's fine with some morning frost this morning? 375 00:20:02,880 --> 00:20:04,040 Speaker 16: Westerly's are high. 376 00:20:03,920 --> 00:20:04,399 Speaker 11: Of a living. 377 00:20:05,160 --> 00:20:07,600 Speaker 3: Thank you very much, Courtney, Emex and Wellington, Hey Max, 378 00:20:07,920 --> 00:20:08,399 Speaker 3: good morning. 379 00:20:08,440 --> 00:20:08,640 Speaker 11: Jeez. 380 00:20:08,680 --> 00:20:10,480 Speaker 3: I had to laugh when I saw the you know 381 00:20:10,720 --> 00:20:13,320 Speaker 3: everybody else is getting the streets flooded by the weather. 382 00:20:13,359 --> 00:20:14,840 Speaker 3: Wellington started to themselves. 383 00:20:15,840 --> 00:20:19,600 Speaker 13: Yes, Taylor's old as time. Yeah, two steps forward for water, 384 00:20:19,920 --> 00:20:23,439 Speaker 13: one step back. The forward part is that finally the 385 00:20:23,480 --> 00:20:25,879 Speaker 13: final Regional Council has agreed to sign up to this 386 00:20:26,160 --> 00:20:29,159 Speaker 13: new joint water entity which will take effect in the 387 00:20:29,240 --> 00:20:33,640 Speaker 13: year's time. Upper Hut yesterday, confirming it will join podyvia 388 00:20:33,680 --> 00:20:36,639 Speaker 13: Lower Hut Wellington City. The Regional Council informing this body 389 00:20:36,640 --> 00:20:40,800 Speaker 13: that will take over drinking water, wastewater, storm water, don't 390 00:20:40,840 --> 00:20:43,600 Speaker 13: close the door on the way out, Wellington Water, more efficiency, 391 00:20:43,640 --> 00:20:47,320 Speaker 13: hope hopefully less in water charges and of course yeah, meanwhile, 392 00:20:47,320 --> 00:20:50,440 Speaker 13: we had this monster of a leak in the CBD yesterday, 393 00:20:50,680 --> 00:20:55,000 Speaker 13: a fifty year old pipe exploding on Johnston Street, spewing 394 00:20:55,080 --> 00:20:58,600 Speaker 13: brown water. Water was cut off to some officers. It 395 00:20:58,640 --> 00:21:01,080 Speaker 13: was later turned off for others. Work to fix it 396 00:21:01,160 --> 00:21:05,120 Speaker 13: went into the night, perhaps symbolic as it came virtually 397 00:21:05,160 --> 00:21:08,680 Speaker 13: the very moment the final death knell for Wellington Water sounded. 398 00:21:09,200 --> 00:21:12,520 Speaker 3: Yeah, it's almost like the pipes are in an artistic 399 00:21:12,600 --> 00:21:14,160 Speaker 3: expression of the city's feelings. 400 00:21:15,720 --> 00:21:18,520 Speaker 13: It makes sense as you were the next uh fine 401 00:21:18,720 --> 00:21:22,080 Speaker 13: light winds thirteen brilliant, Thank you, Hey Neva. 402 00:21:21,800 --> 00:21:22,199 Speaker 3: How are you? 403 00:21:22,240 --> 00:21:22,760 Speaker 17: Greetings? 404 00:21:22,800 --> 00:21:27,679 Speaker 3: Good things. Now you've got a financial update on our system, watercre. 405 00:21:27,359 --> 00:21:30,240 Speaker 17: That's right now water Care has completed. This is the 406 00:21:30,240 --> 00:21:34,080 Speaker 17: country's largest corporate debt capital rais. So this is now 407 00:21:34,160 --> 00:21:37,240 Speaker 17: at three point four billion dollars. What this means it 408 00:21:37,240 --> 00:21:41,520 Speaker 17: becomes financially separate from Auckland Council. So the move this 409 00:21:41,640 --> 00:21:43,800 Speaker 17: is just a key component of the government's local Water 410 00:21:43,880 --> 00:21:47,400 Speaker 17: Done Well legislation. This was announced in May last year. 411 00:21:47,760 --> 00:21:50,600 Speaker 17: Jamie Sinclair is the chief executive. He says the separation 412 00:21:50,760 --> 00:21:53,640 Speaker 17: gives water here the ability to borrow in its own 413 00:21:53,760 --> 00:21:56,600 Speaker 17: name for the first time and also borrow more so. 414 00:21:56,600 --> 00:21:59,360 Speaker 17: He says that means they can keep prices lower than 415 00:21:59,400 --> 00:22:02,600 Speaker 17: they could have otherwise today, you know, July first, everything's 416 00:22:02,640 --> 00:22:05,120 Speaker 17: coming in today. But water, key is water and wastewater 417 00:22:05,119 --> 00:22:07,439 Speaker 17: prices the increased by seven point two percent. 418 00:22:08,880 --> 00:22:11,160 Speaker 3: Just on that right, Hey, how's out with it today? 419 00:22:11,240 --> 00:22:14,200 Speaker 17: Ah? Cloudy, we've got isolated showers. They'll be clearing though. 420 00:22:14,200 --> 00:22:15,639 Speaker 17: Fifteen is the high here in Auckland. 421 00:22:15,760 --> 00:22:17,840 Speaker 3: Brilliant. Thank you, Neva. We'll see you later on. That 422 00:22:17,960 --> 00:22:20,359 Speaker 3: is neither with news nineteen minutes away from six here 423 00:22:20,400 --> 00:22:22,760 Speaker 3: on News Talk CREB and we will get to our 424 00:22:22,800 --> 00:22:24,560 Speaker 3: correspondent Donald tomorrow out of Australia. 425 00:22:24,640 --> 00:22:24,920 Speaker 11: Next. 426 00:22:26,119 --> 00:22:27,960 Speaker 3: A couple of things talk to her about, including Penny 427 00:22:27,960 --> 00:22:32,200 Speaker 3: one off to Washington, and then the coward punch? Does 428 00:22:32,359 --> 00:22:35,359 Speaker 3: changing a lure just saying you'll get an extra year 429 00:22:35,640 --> 00:22:41,320 Speaker 3: if you throw that punch change people's behavior? And if not, 430 00:22:41,960 --> 00:22:44,639 Speaker 3: because I don't necessarily think it will. But if not, 431 00:22:45,400 --> 00:22:49,920 Speaker 3: is there another meaning to having longer sentences? Is that 432 00:22:50,240 --> 00:22:54,160 Speaker 3: for the benefit of the victim perhaps rather than the system. 433 00:22:54,640 --> 00:22:56,480 Speaker 3: And if that's the goal, then surely it's got to 434 00:22:56,520 --> 00:22:58,000 Speaker 3: be a good thing. We'll talk to a Laurie about 435 00:22:58,040 --> 00:23:02,159 Speaker 3: this just before six. It's nineteen two International correspondence with 436 00:23:02,440 --> 00:23:05,040 Speaker 3: ends in eye Insurance peace of mind for New Zealand 437 00:23:05,080 --> 00:23:08,919 Speaker 3: Business sixth anyway from six News talks, there'd be done 438 00:23:08,920 --> 00:23:12,000 Speaker 3: on Tomaw's our Australia correspondent on a good morning, good 439 00:23:12,000 --> 00:23:14,520 Speaker 3: morning to you. Now we have deliberations. This is in 440 00:23:14,560 --> 00:23:16,200 Speaker 3: the Mushroom Lady murder trial. 441 00:23:17,119 --> 00:23:20,919 Speaker 18: Yes, so after more than nine weeks of legal proceedings, 442 00:23:20,920 --> 00:23:24,560 Speaker 18: the jury is deliberating on its verdict. The jury has 443 00:23:24,560 --> 00:23:28,280 Speaker 18: been sequestered so they can't actually go home. And as 444 00:23:28,560 --> 00:23:30,200 Speaker 18: I'll just give you a little bit of background. Obviously, 445 00:23:30,280 --> 00:23:33,840 Speaker 18: Aaron Pattison is accused of murdering three relatives and attempting 446 00:23:33,840 --> 00:23:36,040 Speaker 18: to murder at fourth at a lunch at her home 447 00:23:36,200 --> 00:23:38,640 Speaker 18: in Lencoln Gathera, which is southeastern Melbourne. That was way 448 00:23:38,640 --> 00:23:41,440 Speaker 18: back in twenty twenty three. She has pleaded not guilty 449 00:23:41,720 --> 00:23:44,840 Speaker 18: to all charges. Her lawyers argue the incident was a 450 00:23:44,960 --> 00:23:49,480 Speaker 18: tragic accident. Now, there were fifteen potential jurors that were 451 00:23:49,480 --> 00:23:52,719 Speaker 18: impaneled initially and the Supreme Court had these extras just 452 00:23:52,760 --> 00:23:55,879 Speaker 18: in case one fell sick or was discharged. Now I 453 00:23:55,880 --> 00:23:58,159 Speaker 18: don't know if you know this, but in May a 454 00:23:58,240 --> 00:24:01,000 Speaker 18: jura was actually removed. The judge in the court that 455 00:24:01,040 --> 00:24:04,520 Speaker 18: the juror had been discussing the case with family and friends, 456 00:24:05,080 --> 00:24:08,040 Speaker 18: and so the other two reserved duras are now also gone, 457 00:24:08,119 --> 00:24:10,520 Speaker 18: and so now we are left with the twelve people 458 00:24:11,240 --> 00:24:14,440 Speaker 18: which will determine if Miss Patterson is to be convicted 459 00:24:14,520 --> 00:24:17,920 Speaker 18: or acquitted. Now, there were more than fifty prosecution witnesses 460 00:24:17,960 --> 00:24:20,879 Speaker 18: in the trial, and of course we'll never know what 461 00:24:21,000 --> 00:24:23,960 Speaker 18: happens in that deliberation room, but we will know at 462 00:24:24,000 --> 00:24:28,080 Speaker 18: some point what they think, and obviously it has to 463 00:24:28,119 --> 00:24:32,199 Speaker 18: be a unanimous verdict, so we'll have to wait and 464 00:24:32,280 --> 00:24:34,280 Speaker 18: see what the jury decides. 465 00:24:34,359 --> 00:24:37,280 Speaker 3: Yeah, I think most people kind of have a pretty 466 00:24:37,320 --> 00:24:39,400 Speaker 3: clear view on what they think happened there, but we'll 467 00:24:39,440 --> 00:24:42,080 Speaker 3: just have to wait and see. Hey, Penny Wong heading 468 00:24:42,119 --> 00:24:44,359 Speaker 3: off to the US for talks with Washington, but not 469 00:24:44,400 --> 00:24:46,800 Speaker 3: everyone sort are happy that she's the one going. 470 00:24:47,840 --> 00:24:51,240 Speaker 18: Well, we know that Anthony Albaneze is still waiting face 471 00:24:51,280 --> 00:24:53,520 Speaker 18: to face with Donald Trump. But in the meantime, Foreign 472 00:24:53,560 --> 00:24:56,320 Speaker 18: Minister Pennywong is off to Washington. She's going to meet 473 00:24:56,320 --> 00:25:00,280 Speaker 18: with the Quad Foreign Ministers there. Now it's the second 474 00:25:00,000 --> 00:25:03,200 Speaker 18: foreign ministers meeting in just six months. She says it's 475 00:25:03,200 --> 00:25:07,560 Speaker 18: about strengthening corporation to ensure a peaceful, stable and prosperous 476 00:25:07,640 --> 00:25:11,120 Speaker 18: Indo Pacific. She's going to meet with the US Secretary 477 00:25:11,160 --> 00:25:14,640 Speaker 18: of State Mark Rubio, and she says it's just about 478 00:25:14,720 --> 00:25:19,200 Speaker 18: working to further Australia's economic and security partnerships and advance 479 00:25:19,280 --> 00:25:23,280 Speaker 18: our mutual interests, et cetera, et cetera. But we know 480 00:25:23,359 --> 00:25:25,840 Speaker 18: that defense spending is high on their gender. You might 481 00:25:25,880 --> 00:25:29,119 Speaker 18: recall that the US is still pushing for Australia to 482 00:25:29,200 --> 00:25:33,280 Speaker 18: increase defense spending lifted to three point five percent of 483 00:25:33,320 --> 00:25:38,000 Speaker 18: our GDP, and also obviously waiting to hear what's going 484 00:25:38,080 --> 00:25:41,960 Speaker 18: to happen with these tariffs, these Trump tariffs that we're introduced. 485 00:25:42,000 --> 00:25:44,320 Speaker 18: So she will be meeting with Japan, You're meeting with 486 00:25:44,400 --> 00:25:49,560 Speaker 18: India and obviously the US and interesting times for Penny 487 00:25:49,560 --> 00:25:51,680 Speaker 18: wont But as I said, elbows still yet to meet 488 00:25:51,720 --> 00:25:52,679 Speaker 18: with the administration. 489 00:25:52,840 --> 00:25:54,480 Speaker 3: Yeah, it's been to a hot minute two. Hasn't it 490 00:25:54,520 --> 00:25:57,920 Speaker 3: appreciated that Donna Donald, our Australia correspondent, thirteen minutes away 491 00:25:57,920 --> 00:26:01,480 Speaker 3: from six Brian Bridge, by the way, I see over 492 00:26:01,560 --> 00:26:04,840 Speaker 3: at the White House Press briefing room, that Caroline Leavitt 493 00:26:05,000 --> 00:26:07,520 Speaker 3: has been taken a new tactic holding up all the 494 00:26:07,520 --> 00:26:10,399 Speaker 3: central Bank interest rates, a big list of them to 495 00:26:10,440 --> 00:26:12,919 Speaker 3: the press saying look where we are. You know this 496 00:26:13,000 --> 00:26:16,480 Speaker 3: is part of their campaign to try and scare or 497 00:26:16,760 --> 00:26:19,720 Speaker 3: prompt jer own Power to start dropping rates, even though 498 00:26:19,720 --> 00:26:23,119 Speaker 3: he has clearly no intention of doing so. Thirteen minutes 499 00:26:23,119 --> 00:26:26,040 Speaker 3: away from six o'clock now the government here on a 500 00:26:26,040 --> 00:26:28,440 Speaker 3: bit of a roll with law and order announcements. Coward 501 00:26:28,480 --> 00:26:32,680 Speaker 3: punches will now be made a specific offense punishment eight 502 00:26:32,760 --> 00:26:35,760 Speaker 3: years or fifteen years if you and ten grievous bodily harm. 503 00:26:35,840 --> 00:26:39,840 Speaker 3: If a victim dies following an attack, the maximum penalty 504 00:26:39,920 --> 00:26:43,679 Speaker 3: is life, and new offenses will be added to the 505 00:26:43,720 --> 00:26:48,600 Speaker 3: three strikes legislation the regime. Julianne Kincaid is a case cy, 506 00:26:48,800 --> 00:26:52,479 Speaker 3: vice president of the Law Association. With me this morning, Jillian, 507 00:26:52,560 --> 00:26:55,639 Speaker 3: Good morning, Good morning Ryan, Thanks for being with me. 508 00:26:55,760 --> 00:26:58,440 Speaker 3: Do you think these changes will make a difference. 509 00:27:00,000 --> 00:27:03,960 Speaker 5: I think that they are cosmetic. I understand there has 510 00:27:04,040 --> 00:27:06,439 Speaker 5: been a lot of discussion looking for a form in 511 00:27:06,440 --> 00:27:10,280 Speaker 5: this area, but in effect, what these changes will do 512 00:27:10,480 --> 00:27:14,119 Speaker 5: is add one year to the maximum penalty of offenses 513 00:27:14,160 --> 00:27:18,000 Speaker 5: which already exist. So I don't think that in reality 514 00:27:18,320 --> 00:27:21,600 Speaker 5: they will have huge impact. On any particular case. 515 00:27:22,040 --> 00:27:24,920 Speaker 3: Is that because judges will use the discretion. 516 00:27:26,920 --> 00:27:30,560 Speaker 5: Look, sentencing in any case is always very complex, and 517 00:27:30,640 --> 00:27:32,960 Speaker 5: when we look at assault charges in particular, we look 518 00:27:33,040 --> 00:27:34,919 Speaker 5: first of all at the harm that was caused, the 519 00:27:34,960 --> 00:27:38,320 Speaker 5: grievous fully harmor was at an injury, and then we 520 00:27:38,320 --> 00:27:42,119 Speaker 5: look at the intent behind it, which helps us to 521 00:27:42,400 --> 00:27:45,879 Speaker 5: choose which one of the myriad of assault charges there are. 522 00:27:45,920 --> 00:27:48,800 Speaker 5: There's at least over thirteen already in the Crimes Act. 523 00:27:49,200 --> 00:27:52,240 Speaker 5: This is adding another two. The fact that they're also 524 00:27:52,400 --> 00:27:56,360 Speaker 5: putting these onto the three strikes legislation isn't the difference 525 00:27:56,440 --> 00:28:00,440 Speaker 5: because of the offenses that already exist are strike offenses well. 526 00:28:00,840 --> 00:28:03,840 Speaker 5: And also the fact that the maximum penalty in a 527 00:28:03,880 --> 00:28:06,719 Speaker 5: culpable homicide in a case of this nature is one 528 00:28:06,720 --> 00:28:09,199 Speaker 5: of life imprisonment is not a change and that's already 529 00:28:09,240 --> 00:28:11,879 Speaker 5: the case, right, So I think it's quite cosmetic. 530 00:28:12,600 --> 00:28:18,440 Speaker 3: Okay. Do those who perperpetrate these types of attacks think 531 00:28:18,480 --> 00:28:20,680 Speaker 3: about the sentence when they're doing it? Typically? 532 00:28:21,359 --> 00:28:25,440 Speaker 5: Well, no, of course, not often that type of offense 533 00:28:25,480 --> 00:28:28,840 Speaker 5: who cars at night when people are perhaps have had 534 00:28:28,840 --> 00:28:31,040 Speaker 5: a few drinks and so on. I don't think it 535 00:28:31,080 --> 00:28:35,080 Speaker 5: would stop anyone in that particular situation, it doors allow 536 00:28:35,200 --> 00:28:39,160 Speaker 5: for advertising. However, as it's happened in Australia, and this 537 00:28:39,280 --> 00:28:42,200 Speaker 5: is a law that does exist in some states in Australia's, 538 00:28:42,920 --> 00:28:46,000 Speaker 5: there's no comparable legislation in England. I would like to 539 00:28:46,040 --> 00:28:48,080 Speaker 5: add one thing round that an attack to the head 540 00:28:48,160 --> 00:28:52,600 Speaker 5: is already an aggravating feature for assault cases, whether it's 541 00:28:52,640 --> 00:28:56,760 Speaker 5: one punch or several, it's already a factor which is 542 00:28:56,880 --> 00:28:58,760 Speaker 5: very much taken into accountant sentence. 543 00:28:59,080 --> 00:29:01,600 Speaker 3: This is different than isn't it. This is a punch 544 00:29:01,880 --> 00:29:04,680 Speaker 3: you had no warning about, you didn't see coming. You 545 00:29:04,760 --> 00:29:07,360 Speaker 3: can't brace yourself, you can't defend yourself. 546 00:29:08,280 --> 00:29:12,680 Speaker 5: Yes, look, thankfully these cases do exist. Of course they do. 547 00:29:12,960 --> 00:29:16,720 Speaker 5: And there was one widely publicized case where people were 548 00:29:16,760 --> 00:29:19,960 Speaker 5: concerned with the sentence saying, which led to a lot 549 00:29:20,000 --> 00:29:23,680 Speaker 5: of discussion on this, and I'm lawyers are always very 550 00:29:23,720 --> 00:29:27,800 Speaker 5: cautious about any legislation that arises out of one particular case. 551 00:29:28,760 --> 00:29:33,320 Speaker 5: There are as a long line of authorities for situations 552 00:29:33,360 --> 00:29:36,320 Speaker 5: where this type of one punch has occurred, and judges 553 00:29:36,360 --> 00:29:39,920 Speaker 5: have been sentencing in this category for a very long time. 554 00:29:40,360 --> 00:29:43,240 Speaker 5: Most of the time it doesn't cause anyone any concern 555 00:29:43,280 --> 00:29:45,640 Speaker 5: at all. Appreciate now and again there can be some 556 00:29:45,680 --> 00:29:49,120 Speaker 5: cases which do we shouldn't legislates on the basis of 557 00:29:49,200 --> 00:29:51,959 Speaker 5: those one or two situations. 558 00:29:52,200 --> 00:29:55,240 Speaker 3: But why not, Because that's one or two families who 559 00:29:55,280 --> 00:29:58,400 Speaker 3: don't feel they've had justice. Some guy who's come up 560 00:29:58,440 --> 00:30:01,720 Speaker 3: behind their son, their brother, their husband while they's out 561 00:30:01,720 --> 00:30:03,840 Speaker 3: having a good time, puts them from the back of 562 00:30:03,840 --> 00:30:06,360 Speaker 3: the head. I mean, who key is what's wrong with 563 00:30:06,440 --> 00:30:07,800 Speaker 3: legislating for one or two. 564 00:30:07,640 --> 00:30:10,920 Speaker 5: Cases, because it's very difficult to take all of the 565 00:30:10,960 --> 00:30:14,240 Speaker 5: factors in that one case and then apply them out 566 00:30:14,280 --> 00:30:17,160 Speaker 5: right across the board for everyone. There's so many different 567 00:30:17,160 --> 00:30:21,080 Speaker 5: factors that apply in all sorts of cases, including assault cases, 568 00:30:21,600 --> 00:30:26,560 Speaker 5: and in my respectful opinion, they're already very much covered 569 00:30:26,880 --> 00:30:30,440 Speaker 5: in all of the legislations. Often families are very unhappy 570 00:30:30,480 --> 00:30:34,120 Speaker 5: with outcoming cases, but it doesn't mean that the legislation 571 00:30:34,200 --> 00:30:36,480 Speaker 5: that sits behind them is in fact wrong or not 572 00:30:36,600 --> 00:30:39,800 Speaker 5: working properly. Julie, that's a different feature. 573 00:30:39,920 --> 00:30:42,800 Speaker 3: I appreciate. I appreciate your time this morning, Julian kink Casey, 574 00:30:43,080 --> 00:30:45,800 Speaker 3: Vice President of the Law Association, with an opinion I'm 575 00:30:45,840 --> 00:30:50,040 Speaker 3: sure many of you will be scratching your heads out potentially, 576 00:30:51,280 --> 00:30:54,600 Speaker 3: because in my mind, if the justice system isn't serving 577 00:30:55,320 --> 00:30:58,160 Speaker 3: the victim's family, is what's the point of a justice system? 578 00:30:58,360 --> 00:31:01,360 Speaker 3: You know, it's the it's there to punish, yes, but 579 00:31:01,400 --> 00:31:05,280 Speaker 3: it's also there to to help with the healing of 580 00:31:05,320 --> 00:31:09,400 Speaker 3: the victim, isn't it? Nine nine two, It's eight to 581 00:31:09,480 --> 00:31:10,560 Speaker 3: six News Talks MB. 582 00:31:11,400 --> 00:31:16,000 Speaker 2: Ryan Bridge on early edition with ex bowl insulation keeping 583 00:31:16,080 --> 00:31:17,680 Speaker 2: chili hos warm and dry. 584 00:31:17,800 --> 00:31:19,480 Speaker 1: This Winter News Talks. 585 00:31:19,280 --> 00:31:21,920 Speaker 3: MB just gone six minutes away from six now. Lots 586 00:31:21,920 --> 00:31:24,080 Speaker 3: of texts on the coward punch law change. We just 587 00:31:24,080 --> 00:31:26,920 Speaker 3: spoke to a lawyer, a KC about this, Ryan, about 588 00:31:26,920 --> 00:31:29,120 Speaker 3: the coward's punch. Surely it would be better to up 589 00:31:29,120 --> 00:31:32,920 Speaker 3: the minimum sentence. The judge has too much discretion when 590 00:31:32,960 --> 00:31:34,800 Speaker 3: you give them a discount on a maximum sentence. It's 591 00:31:34,800 --> 00:31:37,240 Speaker 3: a very good point, Ryan. Why is a punch to 592 00:31:37,280 --> 00:31:39,360 Speaker 3: the back of my head worse than one straight in 593 00:31:39,440 --> 00:31:43,120 Speaker 3: my face by someone twice my size? Well, you can't 594 00:31:43,120 --> 00:31:45,080 Speaker 3: do anything about a punch that comes to the back 595 00:31:45,120 --> 00:31:47,000 Speaker 3: of your head, can you? If you don't know it's coming, 596 00:31:47,040 --> 00:31:52,040 Speaker 3: you can't move, you can't brace, you can't your powerless, Ryan, 597 00:31:52,080 --> 00:31:55,040 Speaker 3: should we should get Ai to replace lawyers and judges 598 00:31:55,040 --> 00:31:58,320 Speaker 3: one day the outcomes will be fast, simpler and clearer. 599 00:31:58,640 --> 00:32:03,240 Speaker 3: Five to six Bridge might with us. Hey, Mike morning, 600 00:32:03,360 --> 00:32:05,520 Speaker 3: good morning. What do you think of the coward punch? 601 00:32:06,040 --> 00:32:07,760 Speaker 9: I think it might work or it might not. They 602 00:32:07,800 --> 00:32:09,360 Speaker 9: called it a king hit in Australia. I don't know 603 00:32:09,360 --> 00:32:10,800 Speaker 9: why it's become a coward punch, but. 604 00:32:11,000 --> 00:32:13,480 Speaker 3: I think because they wanted to make it less cool. 605 00:32:13,840 --> 00:32:15,600 Speaker 3: You know, was right. 606 00:32:15,680 --> 00:32:19,200 Speaker 9: So you're on the street and you're about to deck 607 00:32:19,280 --> 00:32:21,800 Speaker 9: somebody and you're going, well, it was gonna but now 608 00:32:21,840 --> 00:32:28,200 Speaker 9: it's called and you used a coward punch, so I won't. 609 00:32:28,440 --> 00:32:30,479 Speaker 3: I can know. I can kind of understand though, like 610 00:32:30,560 --> 00:32:33,440 Speaker 3: if you're doing the headline and a paper, a coward 611 00:32:33,480 --> 00:32:39,280 Speaker 3: punch couches it and better hang on about to hit you. 612 00:32:39,320 --> 00:32:41,720 Speaker 9: But I'm just thinking, now, what's the headline. 613 00:32:41,240 --> 00:32:44,680 Speaker 3: In the paper? And not for the guy who keep digging, Ryan. 614 00:32:44,880 --> 00:32:51,320 Speaker 9: Keep digging, mate, Dear. It sounds like I think you 615 00:32:51,400 --> 00:32:54,440 Speaker 9: made a reasonable point before having said that, and your 616 00:32:54,440 --> 00:32:56,960 Speaker 9: point being that no one's thinking about this on the street, 617 00:32:57,040 --> 00:32:59,240 Speaker 9: are they, and so you're not thinking of the consequences. 618 00:32:59,240 --> 00:33:01,640 Speaker 9: But also I was watched the Prime Minister yesterday post cabinet, 619 00:33:01,960 --> 00:33:03,840 Speaker 9: and his point was, you know, people in the jail 620 00:33:03,880 --> 00:33:05,280 Speaker 9: are going to be people in the jail, and we 621 00:33:05,320 --> 00:33:06,920 Speaker 9: have more people in the jail, so be it. 622 00:33:07,000 --> 00:33:07,720 Speaker 3: That's just laughing. 623 00:33:07,800 --> 00:33:10,120 Speaker 9: We'll need to build more jails. And I think ultimately 624 00:33:10,160 --> 00:33:12,640 Speaker 9: they're probably on the right side of this, because if you. 625 00:33:12,560 --> 00:33:15,440 Speaker 3: Think about punishments around the world, people are a lot 626 00:33:15,440 --> 00:33:17,600 Speaker 3: harsher than us. You know, where they have but where 627 00:33:17,600 --> 00:33:20,040 Speaker 3: they have the death penalty, people still murder, of course, 628 00:33:20,160 --> 00:33:20,840 Speaker 3: do you know what I mean? 629 00:33:20,880 --> 00:33:22,960 Speaker 9: So if you're looking, if you're looking for the ultimate deterrent, 630 00:33:23,040 --> 00:33:25,040 Speaker 9: there is no greater deterrent than you. 631 00:33:25,200 --> 00:33:28,000 Speaker 3: We will kill you, but it doesn't stop you. It 632 00:33:28,040 --> 00:33:28,880 Speaker 3: doesn't stop you, you know. 633 00:33:28,960 --> 00:33:30,720 Speaker 9: So I think I think the reality will come to 634 00:33:30,720 --> 00:33:32,640 Speaker 9: the conclusion that there need to be a proportion of 635 00:33:32,640 --> 00:33:36,640 Speaker 9: people locked away, and when they're locked away, we're safer. 636 00:33:36,880 --> 00:33:38,640 Speaker 3: Yeah, that's that anyway. 637 00:33:38,680 --> 00:33:40,400 Speaker 9: David seymore on the privacy of the fit. 638 00:33:40,440 --> 00:33:40,800 Speaker 3: Do you kill? 639 00:33:40,920 --> 00:33:44,479 Speaker 9: The fairies are partly privatized, you know, and if they 640 00:33:44,480 --> 00:33:45,720 Speaker 9: improve the service, who. 641 00:33:45,680 --> 00:33:48,880 Speaker 3: Could do a worse child than what okay, civil I 642 00:33:48,880 --> 00:33:51,480 Speaker 3: would make for your next All the problems of the 643 00:33:51,520 --> 00:33:54,280 Speaker 3: world solved here before sex even Who's talked To. 644 00:34:01,080 --> 00:34:04,080 Speaker 2: For more from earlier edition with Ryan Bridge, listen live 645 00:34:04,160 --> 00:34:07,680 Speaker 2: to Newstalk STB from five am weekdays, or follow the 646 00:34:07,680 --> 00:34:09,160 Speaker 2: podcast on iHeartRadio