Full Show Podcast: 10 October 2024

Episode Transcript
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Speaker 1 (00:01):
Setting the news agenda and digging into the issues the
Mic Hosking Breakfast with Alveda, Retirement, Communities, Life, your Way,
News togs.

Speaker 2 (00:10):
He'd been Molli, you're welcome some money talk for the
banks this morning, now that Adrians come to the party,
are better days ahead? Are we going to go to Tampa?
Of course form where the Czech transpower has got a
deal for Northland after the pylon fell. Had Malcolm Gladwell
whose life changed forever when he write the tipping point
he is and for a word after write Joe McKenna's
and Italy and God lines up all the good stuff
in Britain as well. Hoscar, we go for Thursday seven

(00:31):
past six. We will deal with the wokeness of the
universities later on the program. But to good news for
sport for you this morning, as the government has instructed
Sport in New Zealand to change their guidelines around the
participation in the trans area. Fairness and safety are what
the government is after, not diversity, inclusion and equity, which
is currently what guides them. It's part of the coalition
agreement driven by New Zealand First, but also comes as

(00:54):
a result of fifty Olympians who put their names to
a plea that suggested the Labour Party view of sport
disrespect to the principles of fairness and safety. And I
admire those athletes because in this day and age is
sad as it is to say, speaking your mind freely
is not a pastime easily enjoyed in this country or
as common as it should be. The most egregious part
of the current rules are self identification of gender. In

(01:14):
other words, you decide you're a woman despite the fact
biologically you are not, and then that is all that's
required at community level. I mean, think about it. Let's
be honest. Someone twice the size or strength rocks up.
What sort of message in outworking is that sending? What
are you supposed to do with that as a coach
or administrator or a club captain. Like a lot of
what the last government did, it was all whiteboard, psycho babble,

(01:35):
all driven by fields. By the time you got to
kick off, it wasn't close to being the real world.
And that's before you get to the elite end of matters.
Whether this area is being fiddled with sport by a
sport country by country administration by administration in a very messy,
very ad hoc way that does know in any favors.
This instruction to sport in New Zealand falls under the
title of what you would loosely call common sense, and

(01:55):
being common sense, it's not unfair to suggest it never
should have got as out of hand as it has.
Chris Bishop, the Minister, calls it a genuinely tricky area,
and he's right, but he's also being polite because it
didn't and doesn't have to be as tricky as they've
made it. Just making up your gender and then enrolling
in the sport with nothing more to it than that
is not right. It's not sensible, it's not logical, it's

(02:18):
not fair, and it should never have got to where
it has.

Speaker 1 (02:24):
News of the world in ninety seconds.

Speaker 2 (02:26):
Well Milton's Late Florida is being hit by the outer
reaches as we speak. But if you haven't left, they
haven't given up convincing you to do so.

Speaker 3 (02:32):
We have a storm surge warning in effect for almost
the entire west coast of Florida from me A Yankee
town all the way to Flamingo. If you were in
those storm surge evacuation zones in that region. Please escape
now while you still can. Now, let's move on to
the wind threat.

Speaker 2 (02:46):
In Tampa at the hospital, a bit worried about the sooge.

Speaker 4 (02:48):
In the event that we saw higher water that would
maybe possibly breach over there.

Speaker 3 (02:53):
We've strategically placed large pumps behind the fence that we
would pump the water out.

Speaker 5 (02:58):
We don't think that's going to happen.

Speaker 2 (02:59):
We hope not. We'll go to Florida shortly. Meantime, in Britain,
the penultimate round of the bike to find a Rishi replacement.
We've got a boil over.

Speaker 6 (03:05):
Jimmy Badenoch forty two votes, James Cleverly thirty seven votes,
and Robert Jenrick forty one votes.

Speaker 2 (03:19):
Others blike bags generic, but was genuinely surprised.

Speaker 7 (03:22):
It's genuinely a good idea not to get too clever
for your own good and get into all these complex
sort of house of cards theories about X lending votes
to why to denies.

Speaker 2 (03:33):
It to win this house to cards business, This blike
now seems this woman winning.

Speaker 8 (03:39):
As we look at the difficult rodback for us, the
lessons that we have to learn after the last election,
and the need to reformulate some of our policies that
Kemy is the candidate in my view that can take
us on that journey because of course, of.

Speaker 2 (03:53):
Course, to Kimmy Bednock. We'll talk to Rod later, but
we can't forget the Middle East where the bombing is
relentless and by route because the locals and on hiding
all the weapons.

Speaker 9 (04:01):
This Balla spent decades building up the stock bales of weapons,
including advanced precision gated missiles supplayed by Iran and deliberately
manufactures and stores them dip inside civilian areas.

Speaker 2 (04:15):
Finally got an eighteen year old from the Paul got
himself a new record this morning who has become the
youngest to climb the world's fourteen highest mountains. Nima Sherper
is his name. He's become just one of a few
dozen to ever climb what they call the eight Thousanders.
These are the fourteen mountains recognized as more than eight
thousand meters above sea level. He did them all over
a seven hundred and forty day period and did the
final one just a couple of days after finishing each

(04:37):
school exams, and he took the record off another Nepalese
climber who held the record at thirty years old. But
then again, when you're thirty you don't climb as well
as you do when you're eighteen, So I would have
thought that had an eighteen year old that was well anyway,
destinies for the world in ninety seconds. By the way,
just the numbers on the Tory vote Bad or Not
and Jeneka your final two batter not got forty two,
so she won that vote General forty one. He's been

(04:59):
the leader up in this point cleverly with thirty seven's
now gone. So those final two Generic and Badknock, and
this is where it changes. They now go to the
party membership. Up until now it's only been the MP's voting,
So Bad Knock and Generic go to the party membership,
of which there are many thousands. They have to think
about it, have a vote and we will know the outcome.
By November two, twelve past six.

Speaker 1 (05:23):
The Mic Asking Breakfast Full Show podcast on iHeartRadio Power
My News Talk Zippy.

Speaker 2 (05:30):
In My never ending Fascination with Democracy, they've been voting,
as I told you about a week and a half ago,
because it's taken a little bit of time in Huyana
and Kashmere. This is out of India, of course, and
there's been surprises in both, and in both the exit
polls were completely and utterly wrong. They predicted a hung
assembly in Cashma, but an alliance of the main opposition
Congress and the NCP. They're on course for not just

(05:51):
a win bit of landslide. Meantime, in Huyana they got
a ninety six parliament. They were predicting the Congress landslide,
so not only Congress to wind bit of landslide. Turns
out Mody's party of the BJP completely wrong. They're going
to get a third, an unprecedented third consecutive to fifteen
past six. Those poles, you can't trust the poles, right, oh,

(06:12):
fifteen past six, j My Wealth, Andrew.

Speaker 10 (06:14):
Keller Haw, good morning, very good morning, Mike.

Speaker 2 (06:17):
Fifty it was.

Speaker 10 (06:20):
Fifty, It was yep. We got the jumbo cut, didn't we.

Speaker 6 (06:24):
Fifty basis points taken the Oceada four point seventy five,
completely in line with market expectations. Just on that fifty
basis point, Mike, and on this you know, this jumbo cut.
There's nothing really that unusual about a fifty basis point
move in twenty twenty two, twenty twenty three when the
Reserve Bank was putting the rates up with gusto and enthusiasm.
We got eight in a row and there was a

(06:45):
seventy five one in there as well.

Speaker 10 (06:47):
So if they want to.

Speaker 6 (06:48):
Move this fifty base one, nothing unusual in it, just
just on the fifty basis points. The Montrey Policy Committee
did debate a twenty five or a fifty basis point move,
and they rightfully decided that fifty basis points was consistent
with the committee's mandate, which is encouraging, isn't it look
no real forward guidance there, Mike, It was quite a

(07:08):
short statement in a relatively concise summary of the Monetary
Policy Committee meeting. Pricing in the money markets is or
forward pricing in the money markets is saying another fifty
basis points in November. So the arbyenz was in sync
with the market this time around. We would suggest that
that continues. Just looking at the commentary, inflation is assessed

(07:31):
as being in the one to three percent band and
converging on the two percent midpoint. But when you get
past that, it's a very somber read on the state
of the New Zealand economy coming from a committee that
in May was in quite a different place, and they
talked that interest rates might have to remain restrictive for
longer than anticipated. They say things like economic activities subdued

(07:55):
in part due to restrictive monetary policy. Their words not
mine economic growth is weak. We are in a position
of excess capacity, which allows and encourages price and wage
setting to adjust to a low inflation economy. They do
say there are global risks as well. Looks important the committee.
The committee thinks that inflation will remain around the midpoint

(08:18):
in the medium term, and Mike, we had our Internal
Investment Committee meeting yesterday after the announcement. The question was asked,
if the economy is as described and inflation is expected
to remain at the midpoint, and monetary policy is restrictive,
why wouldn't the RBNZ move faster to get the ocr

(08:38):
down to a neutral rate?

Speaker 10 (08:39):
And that's the endpoint. Well, you know, that's a very
valid question.

Speaker 6 (08:42):
I looked in there to see is there any clues
as to why they did talk about seeking to avoid
unnecessary instability and things like.

Speaker 10 (08:50):
Interest rate exchange rates.

Speaker 6 (08:52):
They also said that, you know, domestic price setting behavior,
which is really the inflation driver still risks that further
adjustments might be faster or slower than currently expected. But
I do want to make the point the problem here
is even if you get a fifty point move in November,
you then get a big break till February.

Speaker 10 (09:12):
At the current rate, you don't get to the neutral.

Speaker 6 (09:15):
Rate until the middle of next years, months and months
and months away from here.

Speaker 10 (09:22):
Data is important.

Speaker 6 (09:23):
You got CPI next week early November, You've got labor
market data. There's they're keeping an eye on global developments.
You get a bit of We got a speech next
week on the transmission of monetary policy, so I think
that will be interesting.

Speaker 10 (09:36):
Now, just another question.

Speaker 6 (09:39):
If the CPI confirmation of where the CPI is is important,
the CPI announcement is next week, why wouldn't you schedule
the meeting around, you know, after the.

Speaker 10 (09:48):
CPIM actually because every three months. Yeah, anyway, that's an
interesting question.

Speaker 6 (09:55):
Anyway, market reaction interest rates, well, they barely moved because
it's all priced in New Zealand dollars quite a bit
lower at.

Speaker 10 (10:01):
Point six oh sixty two.

Speaker 6 (10:02):
And I guess that's a risk moving forward if if
you know, monetary policy starts to divergeb it between US
and other places. Now you've got a good pop par
in the Sheer market at one point seventy five percent
gain there, So interesting days.

Speaker 2 (10:14):
Mike, Ain't that the truth? On that note? Give us
the numbers, right?

Speaker 10 (10:19):
So the US market, they're actually in positive territory.

Speaker 6 (10:22):
So the the Dow Jones is up point nine two percent,
it's up three hundred and eighty eight points four two
four six eight. The S and P five hundred, it's
up twenty five points, which is zero point four four.

Speaker 10 (10:33):
Percent five seven seven six.

Speaker 6 (10:34):
The Nasik is also up to seventy two pointser point
four percent eighteen thousand.

Speaker 10 (10:38):
Two hundred and fifty four.

Speaker 6 (10:40):
The Fortune one hundred overnight gain fifty three points eight
two four three. The Japanese market, the Nick up three
hundred and forty points, just under one percent three nine
two seven eight. Now these Asian markets, Shanghai compers it
did fall fell six points sixty two percent, that's two
hundred and thirty one points. They hang sing This Hong
Kong market fell one point four percent.

Speaker 10 (11:00):
Those markets still a lot higher than they were a
month ago. They're just very volatile.

Speaker 6 (11:04):
A SX two hundred game ten points yesterday eight and
eighty seven, and as I said, the Zidex fifty good
pop Pire one point seventy five percent, closing at twelve
seven hundred and seventy six Key eight point six oh
six to oz against the US point nine zero two two,
Ossie point five five three eight, Euro point four six
three seven against the pound ninety point four three Japanese
yen gold two thousand, six hundred and eight dollars and

(11:29):
Brentkrude seventy six dollars and twenty seven.

Speaker 2 (11:31):
So well, catch up tomorrow, Andrew kelliher jmiwalfth dot co
dot n z taskeet boeing. Is the comeback on thirty
three planes they sold in September? Is that good? Well,
sort of, because it's six more than the same period
last year, and twenty seven of those, by the way,
are the seven three seven Max, which has been the
talking point. The strike is now in its fourth week,

(11:52):
which is an ongoing complication for them, but sales are sales,
and I'm sure they'll take them. Six twenty one, The
Red News Talk z B The.

Speaker 1 (12:01):
Love Mike Hosking Breakfast Full Show podcast on iHeartRadio, powered
by News.

Speaker 2 (12:06):
Talks at B I've got to agree with David Tymour
on the Reserve Bank yesterday. Today's book ends a series
of excesses. The too easy money of COVID times spiked
house prices and inflation. Then interest rate shot up, house
prices crashed back down. Today Kiwis are finally getting off
the three year fiscal and monetary roller coaster. Feeling nauseous
for their troubles, Kwis have done the responsible thing. Interest

(12:27):
rates are also driven by Labour's COVID spending blowout. Households
responded by making spending sacrifices and changing the government. By
way of comparison, we're sort of realigning ourselves with many
of the rest of the world at the moment at
four seven five at the cash raad. Australias at four
three five has been for a long time, UK at five,
US at five, Canada at four to two five, Singapore
three three nine, Japan at zero point twenty five, but

(12:49):
they their own story. Ireland at four and a half,
Argentine has got troubles at forte in Turkey at fifty,
but once again they are a category of their own
six twenty.

Speaker 1 (12:57):
Five trending now with a chemist keeping Kiwi's healthy all
year round.

Speaker 2 (13:02):
Like the UK, new governments still having trouble giving up
their predilection for free stuff. So today's twist Home Secretary
of It Cooper London meres a deep can. They wanted
a police escort to go to the Taylor Swift concerts.
Why because there was that bond threat in Austria. So
you normally only get a police escort of you. I
don't know the PM or the King anyway. The Culture
Secretary Lisa Nandy, she's rolled out to go on Sky.

(13:23):
She has an exchange about entitlement and free tickets.

Speaker 6 (13:26):
We're now in a situation where you know, most of Sky.

Speaker 7 (13:28):
News tickets run Universal music.

Speaker 4 (13:30):
I mean most of Sky News was at these events
in these same boxes as well.

Speaker 2 (13:34):
To be completely fair, who was there and you were there?

Speaker 7 (13:37):
I paid for my tickets, but I pay for my tickets.

Speaker 11 (13:40):
Well, he's paying for his ticket eventually paid for you know,
he's paying for.

Speaker 10 (13:43):
His tickets and eventually but he so please don't do that.

Speaker 4 (13:48):
But he genuinely does think it's in else when he.

Speaker 10 (13:50):
Is paying from Sky.

Speaker 12 (13:52):
Well, I mean I went and I've declared that in
line with the ministerial code.

Speaker 10 (13:57):
You know what yours.

Speaker 11 (13:58):
But your suggestion is that's them how they shouldn't.

Speaker 10 (14:01):
Be going at my point.

Speaker 2 (14:03):
Yeah, anyway, that didn't go well, so they then rolled
out the Education Secretary Bridget who tried to tidy it up.

Speaker 1 (14:10):
Look, I'll be honest, it was a hard one to
turn down.

Speaker 5 (14:13):
I appreciate it was big demand.

Speaker 11 (14:15):
For the tickets.

Speaker 13 (14:16):
It was privileged to be there.

Speaker 5 (14:17):
One of my children. You know, the old key to
go along.

Speaker 10 (14:21):
It's hard to say.

Speaker 5 (14:21):
Nor if you're offered tickets and no circumstance, is it
really I mean, what are you supposed to do?

Speaker 2 (14:26):
Precisely, Hey, listen, Starmer, this is how bad it's got Starmer.
This is not official, but the reports I'm reading they
know Starmer was going to Australia post Chogham for an
official visit. He's now canceled that. Such is the mess
in Britain that he's got himself into. I don't even
know how he's going to chog Ham, but he was
going to Australia post Chogham. He's now not. They've canned that,

(14:48):
so that particular mess to continue to unfold, and of course,
as part of our discussion with Ron Little when he
joins us after rape Pervy. This morning, Mark Mitchell's got
some new plans for emergency response when things go pear shaped.
He's with us after the News, which is next. He
refused tog zb.

Speaker 1 (15:05):
You're trusted home the News for entertainment's opinion, and Mike
the Mike Hosking breakfast with the range rover villa designed
to intrigue and use tog zedb.

Speaker 2 (15:16):
That's right. It's time for Nobel Prize of the Day,
which goes to the chemistry people today, and the winners
are David Baker, Demis Hassebis and John Jumper. Breakthrough work
predicting and designing the structure of proteins are the research
that may connections between amino acid sequence and protein structure.
That was and I'm quoting from the committee here, that

(15:36):
was actually called a grand challenge in chemistry and in
particular and biochemistry for decades. So it's that breakthrough that
gets awaded today. Baker works at the University of Washington, Seattle.
Hassabis and Jumper both work at Google Deep Mind and London.
Baker designed the new protein in two thousand and three.
Once again i'm quoting the committee his research group has
since produced one imaginative protein creation after another, including proteins

(15:59):
that can be used as farmaceutic calls, vaccines, nanomateials, and
tiny senses. The number of designs that they have produced
and published and the variety is absolutely mind blowing.

Speaker 14 (16:11):
My mind is well and truly blown.

Speaker 2 (16:13):
And the Nobel Committee are not known for saying things
like absolutely mind blowing. So the is Your Chemistry Prize
twenty two to seven out to Italy and Joe in
a couple of moments back here and insight into how
we handle emergency management better now. For years in this country,
every time it's asked to strike the artworking steam to
indicate that a lot of people didn't do their job
or communication could have been better, blah blah blah. Anyway,

(16:34):
a new plan today. The Emergency Management Minister is, of
course Mike Mitchell, who was with us. Good morning, Good morning, Mike.
The broad claim and we've seen this for years that
when something happens in an emergency status, we clean it
up and then we find out we didn't do a
very good job. What changes now?

Speaker 12 (16:50):
Yes, so that is true. It hasn't always been a
lot of movement in terms of the recommendations have come through,
although that's not entirely few, there has been some change.
You know, we are fully committed. We realize and recognize
that we're a country that's going to be continued to
be hit with these weather events. We carry the risk
of a tsunami or an earthquake. We've seen three of

(17:10):
those the last couple of weeks, and so we're motivated
to make sure that we strengthen our resilience and our
ability to be able to respond to those.

Speaker 2 (17:18):
So what does this mean? More money, more resource better
people want.

Speaker 12 (17:22):
All of those things, so, you know, more training, more
professionalism and the sector. But I have to say that
it always feels a bit unfear when I sort of
say that, because having been around the country and having
had six local states emergency and a couple of them
across regions, we've already got outstanding people doing a job.
We just got to make sure that we better support
them with proper legislation that recognizes everyone's role throughout society

(17:47):
in terms of how we respond to these emergencies. More
training and investment into systems.

Speaker 2 (17:54):
See I wonder, and you'll argue back about this, but
you're a nice guy. You go into the regions and
you meet fellow nice people, and they're all nice people,
but it's all Dad's army. And in that is the problem.
Is that fair or unfair?

Speaker 12 (18:06):
No, that's that's not fair. That's very outstanding. And the
results speak to themselves, is that there's been outstanding results.
I mean, in all fairness, after the lessons lured after
Gabriel last year, before we came into government, it was
already responding. The sector was already responding. And no, I
just see extremely professional people, first responders, volunteers that always

(18:29):
stand up. It's well coordinated that there's definitely they've taken
lessons learned already. The Port Hills fires was a clessic
example when you had a suboptimal response in twenty seventeen
and then you fast forward to the Port Fills fires
that we had this year. The fire ground, the management
deal was outstanding. The police are doing their job, the
cedium controllers, communication with the communities that they that they serve.

Speaker 2 (18:54):
It was chalk and cheese, all right, So what about
the what I think it's why right? Correct me if
I'm wrong. The River Mouth situation, where a lot of
the locals were very angry. They said, look, we know this,
We've told you no one did anything about it. How
much of that is there?

Speaker 12 (19:07):
So that was that was down to the fact that
the Regional Council I should have done some more words
around how that was dealt with. The rivermouth was dealt
with the district, the Warra District Council themselves. We needed
a controller there. All of their team outstanding response, just
like when they got hit with Gabriel. They've got good
leadership there, a very good team there. All the first

(19:28):
responders are out. You know when I found Wire straight
after Gabriel, they were running things out of the local
right in North Flyde. So the communities will respond.

Speaker 15 (19:39):
Of course.

Speaker 12 (19:39):
With Warra we put a we put a Crown Manager
and every quickment. We've got Lawrence Yule and they're making
sure that he works between the Wire Council, District Council
and the Regional Council to facilitate and speed up the
recovery and the mitigation work that needs to be done.

Speaker 2 (19:55):
But you go in here now with what a high
level of confidence that we're not going to have this
of response we've had previously or not.

Speaker 12 (20:02):
Yeah, I do have a high level of conference in
our people at the moment around the country, without a doubt,
all the means of showing leadership the CES, our controllers,
all of our CDM teams, first responders, community groups. But
what we have to do is we have to be
ready for a really big event across region to make
sure that we can respond to that as well.

Speaker 2 (20:23):
All right, good on you, Mark Mitchell, the Emergency Management Minister.
I reckon it's a top down thing. I think people
have just been looking for a little bit of leadership
marks their man and that's why you've seen the improvement
you have have of like eighteen away from seven skating
housing this morning, given the fifty points and all that
sort of stuff. The massive University Home Affordability Report, it's
improved in the last three months has been a four

(20:43):
point four percent improvement. Have you seen that you're feeling
that now more affordable? Still only ten times, just ten times.
And the problem I've got with these DTIs these debt
to income ratios. They're set at six times and the
average house is ten times. So you know, join some
dots and find out where the problem is. Eighteen to two.

Speaker 1 (21:03):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks B.

Speaker 2 (21:09):
I knew you would get some of this, Mike Gumboot.
Friday twenty four million, the government hauled up one point
nine million thrown at mental health and no improvement. Where
is the investigation? It's not a bad question, but we
need to dip into this after seven o'clock and we
will six forty.

Speaker 1 (21:21):
Five international correspondence with ends at Eye Insurance, peace of
mind for New Zealand business.

Speaker 2 (21:27):
Right itly go McKenna, how are you great?

Speaker 16 (21:30):
How are you mine?

Speaker 2 (21:31):
Very well? Indeed, so the league are gathering in Milan
or all the glad and the good and the happy
attending well.

Speaker 16 (21:37):
This was last weekend and it was interesting to see
the lineup. The Hungarian Prime Minister Victor Auburn, the Dutch
right wing leader Geed Fielders. They were all there to
rally support for Matteo Salvini, hailing him as a hero
for defending Italy's borders and blocking migrant arrivals. But also
significantly they were there ahead of his court case which

(22:00):
is going on in Palermo. Prosecutors have requested a six
year prison term from mister Sloveni in relation to him
blocking migrants on border a ship when he stopped them
from landing at Lampaduza in August twenty nineteen.

Speaker 2 (22:17):
How does this stuff play out in domestic Italian politics?
Is it Silvini who's done well with the border, or
is it Maloney who's done well with the border, or
do they scrap about that or are you just happy
they're doing well with the border?

Speaker 16 (22:28):
Look, I think most people are getting on with it,
and I really do appreciate that the Coalitionion government has
done a lot to restrict the number of migrants. It's
certainly gone away as an issue, and I think, as
we know, there have been more arrivals in Spain in
recent months than in Italy, So I think that's considered
a plus for the moment for this government.

Speaker 2 (22:50):
And how is it handled when you talk about builders
and all those guys. When you look at what happened
in Austria just the other weekend, you've got right wing,
far right wing, right right wing and then you got
say a Maloney Salvini, which you might regard as more
slightly more moderate. Do they differentiate between the levels of
extremism or not? Really they do?

Speaker 16 (23:10):
I think in domestic politics not so much on an
international level. But we've seen just you and I have
been discussing differences that they've had over Ukraine and Russia.
For example, Slvini lines up much more pro Russian than
he does Ukrainian, and that is something that has been
a point of difference between these coalition partners.

Speaker 2 (23:30):
Interesting now, I was thinking about this the other day
when I read it, So the Trivi Fountain. I first
discovered the Trivia Fountain purely by accident. I didn't even
know where I was, and I came around a corner
and there was the I thought, what's that. Why are
all these people gathered? And I thought, oh my god,
that's the Trivia Fountain. So how are they going to
charge you to do that if people like me can
just bumble upon it by accident.

Speaker 16 (23:52):
Indeed, because anyone who's been there knows, as you just said,
it's in the middle of cross streets, so you just
sort of stroll across it. You don't actually know where
it is. They've closed it down for a two month cleanup,
and so at the moment visitors will be crossing a
suspended walkway to have a look at the empty fountain,

(24:13):
and then they're talking about charging visitors after that, and
how are they going to do that. It sounds like
they're going to have to put something around it to
minimize the access, and I'm not quite sure how that's
going to take place.

Speaker 2 (24:26):
And it's the weirdest thing. How much would you charge
because I wouldn't pay you anything because that was I
saw it, and I thought, God, that's underwhelming.

Speaker 16 (24:33):
Yeah, I know, I mean, and everyone's still throwing the
coin over their shoulder. Just that whole myth about if
I throw a coin over my shoulder iver coming back.
So surely they've got enough money out of that. But
this sounds like a cynical money making exercise. I think
as we go into the Vatican Jubilee year next year.

Speaker 2 (24:51):
It's the weirdest thing. What's that art gallery down the
other end of town? And I discovered that by accidents
as well. I win saw some Madigliani's there now that
with the one with the massive steps going up the front.

Speaker 13 (25:02):
Oh, quite beautiful.

Speaker 16 (25:03):
In the gardens, in the Bogazi gardens, it's a beautiful.

Speaker 15 (25:07):
See.

Speaker 2 (25:08):
I'd rather pay money to go see that than I
would be Tribu Fountain.

Speaker 16 (25:11):
Yeah, absolutely, But you know there's still plenty of tourists
around Rome at the moment.

Speaker 2 (25:17):
Mink good Hourrah, Now what's this. I've never heard of
this town that's blocking the migrants to play sport. What's
their problem?

Speaker 13 (25:23):
Yep.

Speaker 16 (25:24):
This is a small town up near Treist. It's called
mont Falcone and this is a town that has thirty
thousand people, one third of migrants, and it's got a
very right wing mayor at the moment and a Maria
Chistin who's aligned with Maloney and Salvini, and she's trying
to stop the Bangladeshis and the other South Asian migrants

(25:46):
from playing cricket in the town. She's also trying to
stop them from their Muslim worship and banning bukinis on
the beach. But the cricket is the main thing that's
making headlines because these these poor miagrants want to have
a go and practice their cricket and compete, and they
say that she says that there it's a danger to

(26:08):
the windows of houses and damaging parked cars.

Speaker 2 (26:12):
All right, you go, well, Joe, we'll catch up on
next Thursday. And I appreciate it very much. That's Joe McKinnon.
Gallery of Boys, But geese actually it's geesee. Well the
villa is the other one. Is Joe still there? No,
it's a shame. The villa in the park is the
other one. I'd pay money. That's beautiful villa in the
park just down the road from my sister's place that

(26:32):
you paid to go see. But the Trivy Fountain, if
you've never seen the Trivy Fountain in life, it really
is fantastically underwhelming. Night Away from seven.

Speaker 1 (26:40):
Called the Mike costing Breakfast with Us dog.

Speaker 2 (26:44):
ZV like the market's now pricing in a fifty basis
point cut in November, a dune deal pricing in a
twenty percent chance of a seventy five percent cut there
as well. I don't see that coming because we've got
Adrian running the place. But we'll talk to the bank shortly. Meantime,
as we stand by for Milton, Biden's working hard on misinformation.

Speaker 17 (27:01):
There's simply no place for this to happen. Former President
Trump has led the onslaught of lies. Assertions have been
made that property is being confiscated. That's simply not true.
They're saying people impacted by these storms will received seven
hundred and fifty dollars in cash and no more. That's
simply not true. They're saying the money is needed for

(27:24):
this crisis is being diverted to migrants. What a ridiculous
thing to say. It's not true. Now the claims are
getting even more bizarre. Congressroom Marjorie Taylor green E conmomssroom
in Georgia is now saying the federal government is literally
controlling the weather. We're controlling the weather. It's becund ridiculous.
It's got to stop.

Speaker 1 (27:46):
Well, the ins and the outs. It's a bizs with
business fiber take your business productivity to the mixed level.

Speaker 2 (27:53):
The losses in Tamper is with US south of seven
o'clock meantime, z Spree, they're looking to have another credit
this twelve month supply globally. So this is for their
sun gold products. So a couple of years ago, and
we covered it at the time. The idea they wanted
to get it done was to combat what China's doing.
Growers here had a vote, didn't like it, so now
they're having another draft proposal. So they want to basically
grow an additional four hundred and twenty hectares of sun

(28:15):
gold a year, and they want to do it in
literally France, Japan, South Korea and Greece. That would mean
that zespre banded fruit and this is the key that
zespre branded fruit could be sold all year round globally.
Still need seventy five percent by the growers, and there's
still a bit of pushback because the issue is a
lot of growers don't own shares. Less than fifty percent
of all kiwifruit supplies, by the way, don't own shares.

(28:37):
So they say there's not enough benefit in them from
the obyss's plan to go ahead. Anyway, Zesbury's full year
revenue for twenty four is four point two billion. They
say these extra four hundred and twenty hectares could mix
sixty percent demand for the twenty thirty three season and
limit the amount of damage in a bad season here.
In other words, you're growing more fruit and you're covering
your bases internationally so that Chinese don't sneak in and say, well,

(28:59):
you can't get the real things. So here's some of ours. Anyway,
they decide shortly whether to take it to another vote.
There's a little bit has proven going on as politics
at play here. They claim they're seeing a material increase
in support, so they think they're increasingly bullish, whether they
go again for another vote, they can get it across
the line. I'm all in favor of them. The sooner
they do it, the better, and I was very disappointed

(29:20):
in twenty twenty two they didn't do it. But nevertheless,
you know, if your own cheers, your own chairs, and
he's entitled the vote. Vittoria's short runs a bank, so
she's in a good position to be able to tell
us what fifty bases points mean, whether fifty more is coming,
whether people suddenly ask for more money, whether borrowing more
money is actually the answer to our economic woes, whether
we just feel a bit better, whether Nikola Willis is

(29:40):
right and better days are coming. As I mentioned Dave's
in Tampa, he's standing by Malcolm Gladwell looking forward to
the catch up. He hasn't been with us for a
couple of years. But there's a bloke writes a book.
His whole world changes, his whole life is tipped upside down.
So he's decided to write another book and see if
it all happens again. Malcolm Gladwell is with us after
a meantime. News is next. You're a news talking said.

Speaker 1 (30:01):
By the newspeakers and the personalities the big names talk to,
like the costing breakfast with Bailey's real Estate, your local
experts across residential, commercial, and rural news talks.

Speaker 2 (30:16):
Had been seven past seven, so fifty points it was.
The Reserve Bank tells us the cash right remains restrictive,
so another fifteen next month isn't a guarantee, but the
momentum appears to be there now. The politicians left all
over and of course suggesting better days are ahead. ASP
Chief Executive Victoria short with us Victoria Morning.

Speaker 13 (30:31):
Yeah, Good morning, Mike.

Speaker 2 (30:32):
As an exercise and fiscal management over the last couple
of years, as we come out the other side of this,
how would you judge this this move?

Speaker 13 (30:42):
Look, I think it's great news for households and it's
great news for businesses. It means that inflation is getting
down to a net target range and even though it's
going to take time to flow through. I think the
big question everyone's asking now is where too from here?
So I think that's the thing that we're really turning
our attention to.

Speaker 2 (31:01):
Do you have any answers on that? Because the commentary
leading into yesterday was anywhere between twenty five and seventy five,
and I've not seen that before, and there seems to
be some ankst around what comes next as well. Does
anyone actually know what's going on?

Speaker 13 (31:13):
Well, I mean, obviously the our central Bank will make
their own independent decisions. But what we think is that
four seventy five the cash rate is still what we
describe as restrictive, and we think that the neutral rate
is around three point two five. So you can take
from that that there's a bit to go and we

(31:37):
always have to be careful though that. You know, world
events can change, but we do think that there is
further cuts ahead. We think it could be another fifty
basis points in November, but we think that will continue
next year. You know, we're just going to make sure
that inflation keeps coming down to their target range.

Speaker 2 (31:57):
Yeah, what's your sense on that? I was reading an
interesting thing Australia. Are the savings rates in Australia are
way higher there than they have been here through this
whole COVID period? In other words, are we the sort
of people who, when given a chance, will run with
it and start spending with alacrity or not?

Speaker 13 (32:13):
Yes, we do like to spend the carries and we
certainly borrow more than we save, so you know, we
would always say that you go think about your financial
wellbeing and if you're not sure, come and talk to
us and we can help.

Speaker 2 (32:29):
What I also read yesterday was zero point I think
it was zero point four percent or might be zero
point six percent of mortgages were under some sort of
stress in general, which means the vast majority art are
we actually okay, and that will be going into the
reserve banks thinking in other words, for all the dire talk,
it's not as dire as it could be. Therefore they
need to be careful.

Speaker 13 (32:50):
Yeah, so look, I think that's certainly what we're seeing.
We're actually saying that households and businesses have actually navigated
this difficult period pretty well well. And when I have
a look at our data of customers who are getting
extra support, those who are feeling stressed because of the
interest rates are about a third of our customers that

(33:13):
we're supporting. The other customers it's for actual sort of
life events. It's health reasons, losing a job, it's divorced,
it's things like that. So it's true that the majority
of the people that we're supporting as a result of
life events rather than interest rates.

Speaker 2 (33:28):
Good insight appreciated very much. Victoria Short, who's the ASP
chief executive. Ten minutes past seven, tasket right to Milton.
It's just starting to arrive in Florida. And it is
political in the sense of the Vice President's.

Speaker 18 (33:40):
Weighing into any company that or individual that might use
this crisis to exploit people who are desperate for help
through illegal fraud or price gouging, whether it be at
the gas pump, the airport, or the hotel counter. Know
that we are monitoring these big behaviors and the situation

(34:01):
on the ground very closely, and anyone taking advantage of
consumers will be held accountable.

Speaker 2 (34:07):
All right. Diavalas is a reporter in the area. He's
with us dive morning.

Speaker 5 (34:10):
To you, Good morning, How are you very well?

Speaker 2 (34:12):
Indeed see you're in Fort Myz. Are you in the
middle of it YETO or not?

Speaker 4 (34:17):
No, we are not. But I can tell you that
the outer bands are starting to hit us here and
we have had probably about a half dozen confirmed tornado
reports here in southwest Florida this morning. It's been a
chaotic morning just trying to get ready to go to work.
There is now a slight break, and I'm actually driving

(34:40):
into the television station now on my way to work
for what's going to be.

Speaker 19 (34:44):
A very long day.

Speaker 2 (34:45):
Indeed, you're going to work for obvious reasons, and most
people leaving the site.

Speaker 4 (34:50):
They are And I drive into Myers now, I'm driving
across one of our many bridges into the city, and
I am not seeing any cars out on the roadway.
And for good reason. I've been monitoring social media, and
there has already been a lot of damage just from
the tornadoes and the very heavy rains that we have

(35:12):
coming in this morning, and the worst is yet to come.

Speaker 2 (35:16):
Is this accepted broadly as being accurate? In other words,
that I've built this up for several days as being
bigger than anything we've seen in a century. Your life
is at risk. This is going to be like something
you've never seen before. Is that true?

Speaker 4 (35:31):
I mean, you know, according to our weather forecasters, our meteorologists,
and from everything that I'm seeing, absolutely yes. With the
rapid intensification that occurred was unlike anything we've seen. Now,
whether or not it slows down before it slams in
to the Gulf coast, that remains to be seen. But

(35:52):
that is certainly what people in all of all the
golf coasts are hoping for, because we don't know exactly
where it's going to hit yet, but we have had
so I lived through Ian. I was here through Hurricane
Ian and covered it. Fort Myers Beach was devastated, sent
about island. These are all tourists areas, uh and those

(36:12):
areas still as we speak, we're recovering. We just had
Hurricane Helene just over a week ago. There was extensive
flooding from that. This area can't take much more. And
I've talked to a lot of people who have said,
we're just not sure how much longer we can.

Speaker 2 (36:29):
Stay here a little up to two in the afternoon
where you are wins it hit Wins winds, you know
the doc ol.

Speaker 4 (36:37):
We are looking for later tonight, I believe they're saying
around at eight o'clock is when it's going to get
pretty bad for us. But conditions are going to continue
to deteriorate throughout the afternoon and well into the evening.
But after midnight here our time, we are expecting some

(36:59):
of the worst that Milton has to offer.

Speaker 5 (37:03):
And what means to.

Speaker 2 (37:05):
What's the big fear way you dive is that the
rhine is that the wind is at the suge.

Speaker 4 (37:10):
It is the storm surge here, and that we're looking
at ten to fifteen feet of storm surge that's being
predicted for some of our coastal areas. Hurricane Ian was
twelve feet and it consumed again a big part of
our coastal region. Ten to fifteen is going to do

(37:30):
the same thing and perhaps even worse. And we've already
seen evacuations here and I can tell you most people
heeded those warnings that saw them.

Speaker 2 (37:43):
Divey, well, we'll stay in touch. You appreciate it very much.
Dive A Loss, who's Tampa based reporter in Florida. Obviously
fourteen past seven.

Speaker 1 (37:51):
The High Asking Breakfast full show podcast on iHeartRadio, How
It Buy News, talks at be the blog.

Speaker 2 (37:58):
Who's handing out a million dollars to Northland from tres
Power for you in about fifteen minutes time. Seventeen past seven.
Got some issues around this new family boost scheme. This
is where you get money for childcare. But if you've
got a register with your ece receipts. So far, three
weeks after the registration's open, about forty percent have so
early Childhood counsel by Simon labor is with us on
this Simon morning to you, morning mate. I know the

(38:19):
Labour Party are trying to make a thing of this,
but I mean, yeah, it's tens of thousands of people
are registered so far, it's only three weeks. I'm not
overly exercise to you.

Speaker 11 (38:27):
I think it's a really impressive start. That's to compare
that to how long it would take us to deliver
the same kind of changes through ECE funding, which would
be three or four years. I think it's a really
good beginner exactly.

Speaker 2 (38:40):
I also argue there's something to be said about self responsibility.
If you want the money, the money is there, and
if you've got to spend a couple of minutes on
a computer filing a few forms, that's not the end
of the world, because we do it with a lot
of stuff in life, don't we.

Speaker 11 (38:52):
That's right. It's annoying having that admin burden. But if
you actually have a look on the website, they have
made it as easy as they possibly can. And if
you need help now with this cost of living crisis,
here you go. You can go and get it if
you really feel motivated. But if you can't be bothered.
That's over to you.

Speaker 2 (39:09):
Exactly have you seen or dealt with people who have
done it. It's working if you can make it work,
it's not actually a big deal if you don't want
to make it a big deal.

Speaker 11 (39:18):
Definitely, there's no issues with the system they've designed so far,
but everyone's just getting their heads around it. In the
EC sector, it takes us about a year to come,
you know, to get our heads around new systems and things.
And parents are going to be no different. It will
take them a while to get the hang of it.
Once they've done it, it's just rinse and repeat.

Speaker 2 (39:36):
Good on you.

Speaker 11 (39:36):
So I'd encourage people to discover it to go all.

Speaker 2 (39:38):
Right, okay, especially for free money, Simon thell nothing's free obviously,
but you know what I mean. Simon Labor, who's the
Early Childhood Council CEO. Speaking of which morning, Mike what
a Labor and the useless MP ingrid O'Leary up to
attacking gumboot Friday and it's iconic leader Mike King. So
I can see where you're coming from in the text
calling an iconic O. Leary maintains that it isn't a
personal attack, but we can read between the lines. So
Leary's got enough on a plate helping out heuents and

(40:00):
flood damage Dunedin. But you can never resist an opportunity
to attack the government. Labour's got to watch this at
the moment. I mean that whole story of business of
the Ecthing came out of labor. Labor going anything you
can't complicated, and if there's too much of that, you
turn people off in a major way. As for Gumboot Friday,
I actually to appoint defend Ingrid O'Leary and I'll come

(40:23):
back to that shortly nineteen past.

Speaker 1 (40:27):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by Newstalk Zippy.

Speaker 10 (40:33):
Now.

Speaker 2 (40:33):
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So talk to your business. So take basically your business
productivity to the next level. You get your business running
on business fiber. Asking it does not hard. You just
go to the IID website steps you through it. Thank you,

(41:36):
Brett Money Mike. My daughter applied for the EEE money
was very simple. Money was in their account in two days. Yeah,
there are a bunch of bum wipers the labor party,
and that's their problem. And listen and let you know
if you want of those people go I don't know
how to do that. That's the party for you. Seven
twenty three Right Universities a little bit of a mind
field at the moment. Grant Robinson's gone to run a

(41:56):
target of course. Auckland's introduced to Mari related compulsory course,
which has received surprise and a lot of pushback. Aut
we've told you about this. They've been giving out three
points in a race based travel wrought, whereas if you're
Maori you get a better chance of travel funding than
if you're not Mari. So when the latest university rankings
were released as they were yesterday afternoon, the facto Targer
is now at its lowest ranking ever will come as

(42:18):
a good chance to offer a decent serve to old grant.
Can't run an economy, can't run a yuni Auckland. It
was another who fell out of the top one hundred
and fifty for the first time, so once again a
chance to have a crack. There are other rankings, and
depending on which ones you look at depends on how
they're judged. Overall, you can argue we are not particularly
high up in global terms. Auckland as our top facility

(42:41):
outside the top one hundred and fifty doesn't sound very encouraging,
does it. You know why, because it isn't A Targo
is so far down the list now they don't even
rank them specifically, it's just a band, and they've gone
from the three hundred and one to three hundred and
fifty band down to the three hundred fifty one to
four hundred band, so they might be three hundred and

(43:02):
ninety ninth in the world. Surely some reputational work to
be done there. Otago I note defended themselves by saying,
one they were disappointed, but two no, New Zealand University
had improved, sort of in a well we're all a
bit useless then, aren't we kind of way. Having had
a little bit of experience with universities these past few years,
two of our five kids have or are attending, and

(43:23):
a third is about to go. The unmistakable reality that
smacks you in the face is the wokeness of it all,
the stench of indoctrination about the place these days. They're
there to fill your head basically with the stuff they
believe to be correct. You think that you're their way,
or basically you're wrong. A lot of it's race based,
and it's very very unappealing. Mind you, I'm older. Maybe

(43:45):
young kids lap this stuff up, or or think they
lap it up until they're mature a bit. But even
the teaching brigade at some of these places have voiced
their concerns around freedom of speech, and when you add
the concerns to the rankings, the overall picture painted is
not flattering. And because they're so woke, my fear is
a ranking like this will not be seen as a
reason to change or improve, but yet another reason to

(44:07):
dismiss those who can't possibly know what they're talking about,
asking Gumboot Friday, so let's address this particular elephant in
the room, shall we? I defend ingrid Leary and the
Labor Party based on this. The Auditor General came out
yesterday and a six page letter from the Director General
to the Director General Health Rather Dianasa part He said, look,
there's a whole bunch of concerns here. They didn't follow

(44:30):
the rules. There was no clear justification for invoking the
opt out clause. Several aspects of the process are unusual
and inconsistent with good practice. All of that's indisputably true.
Why because the rules are very simple. You hold an
open tender. If you want to throw money at mental health,
you say, hey, everybody in mental health, let's have a word.
Put an attender, tell us what you're about and will
dibby up the money. That's how the rules apply. So

(44:52):
the rules were broken, there's no question about that. And
that then goes to governance. Here's where I defend the government.
Do you know why they can do what they can
do because they're the government. If they don't like the rules,
they don't have to follow them. And they decided, rightly
or wrongly, that Mike King's the man for the money.
They gave him the money, and they're allowed to do that.
Now the question will be if Mike King blows the

(45:14):
money and the service provided isn't any good. That's on
the government, not on the ministry. And yet there was
the next twist in the story, and I'll come back
to that in just a couple of moments. Also talk
to transpower. But meantime, the news is next.

Speaker 1 (45:29):
The Breakfast Show You Can Trust, the mic asking, Breakfast
with al Vida, Retirement Communities, Life Your Way, News, togsad be.

Speaker 2 (45:38):
Just to wrap up the business of gunboot Friday. So
I stand with the government. They're allowed to make any
decision they want, but in making that decision, they've got
to then justify the twenty four million dollars in other words,
you've got to at some point be able to show
the twenty four million dollars was well spent. It wouldn't
have been better spent elsewhere. The service that you gave
the twenty four million dollars to gave value for money.
Where it went wrong for the government yesterday was Matt Doucy,

(46:01):
who is still yet to front. Who's the minister responsible.
They told him throughout the process, this is the order
to General that we're talking about. John Ryan Deucey said
or told Ryan that he had, throughout the process sought
and received assurances that the implementation option chosen by the

(46:21):
Ministry complied with the rules. Now, Ryan obviously doesn't agree
with that, and the reason he doesn't agree is because
it's not true, because what happened was and Ryan, I mean,
there's nothing complicated about this. What Ryan points out in
his letter is the government of the day, instead of
having a tender process, made up their mind that Mike
King was going to get the money, and so it
was all retrospective after that, so there wasn't any need

(46:43):
for a tender process. They just said he's getting the
money beginning middle an end. So the ministry, who were
supposed to run the process couldn't run a process because
there was no process to run. So therefore Deucey, saying
that he had throughout the process, sought and received assurances
that the implementation option chosen by the Ministry. The Ministry

(47:05):
didn't choose the implementation option, Docy chose it. So to
say they'd chosen it was bollocks, unless, of course, the
Ministry went to the minister and went, hey, Mike King,
Mike King all day long, don't look at anyone else
than Mike King, Matt, and Matt went, oh, really cool,
we'll do that. But that's not how it worked. So
he's thrown the Ministry under the bus, and he should

(47:27):
be called out for that. So it's a win and
a loss of the government. But as regards the twenty
four million dollars, they better hope that it's money well spent.
Twenty two to eight. She speak your money well speed
By the way, Malcolm glad Will of Tipping Point claim
after eight but speaking money well spent. Bitter movement out
of the power pylon, per Lava, Transpower and Mixim have

(47:48):
donated a million bucks to a fund that will support
northern projects in the economy. It's a good will gest
to Transpower CEO John Clark with us on this morning.
I've already heard this morning people including local MPs saying
this is not enough, it's a joke, all of that
sort of thing. Were you expecting that level of pushback
or are you disappointed?

Speaker 19 (48:06):
We've believe we've done our best to offer Northland fump
things back that will help improve the energy resilience and
also help plan for the future and make sure we've
got between ourselves and our two distribution partners up there,
we've got for purpose network.

Speaker 2 (48:28):
And when you say things, when you say increase resilience,
what what's the money actually for? And can't they do
with it whatever they want.

Speaker 19 (48:37):
Certainly we've left with the community, Northland community, in Northland INK.
We've indicated along with Northland INKS that you know, if
it's used the community resilience projects, things that help communities
cope with storms and the other challenges that Northland have,
or things that help economic development in Oakland, other sort

(48:59):
of things that we've been seen. But we are leaving
it your right to Northland and the Northland community.

Speaker 2 (49:05):
How do you come up with a million? Apart from
the fact that's a round number.

Speaker 19 (49:12):
And make some both talk between ourselves and in our
case we idea by what things we could put aside
so that we could bring up some money to do
this community initiative.

Speaker 2 (49:25):
Has insurance played a part at all or not?

Speaker 19 (49:29):
Insurance has nothing to do with us. This is not
about compensations. As we've reiterated, compensation is not something that
happens with utility services. You know, the scale of any
economic loss is often far more significant than the cost
of utility service. For instance, you know, the costs will

(49:51):
we recover from Northland for the transmission GROD, which does
need a lot of maintenance up there, works out on
average to about one dollar per for each of the
electricity consumers in North London.

Speaker 2 (50:03):
So you do accept that the damage done was somewhere
between thirty and eighty and so one million is just
a gesture.

Speaker 19 (50:10):
The economic loss of not having a service like electricity
or water or gas is always way higher than what
has charged there, So we do acknowledge their economic loss
if you work that out, is in what we've arranged.
Different people have come to calculate.

Speaker 2 (50:29):
That and is compensation still on the table or as
a millionaire thanks for coming by by and go away.

Speaker 19 (50:36):
Well, we've reiterated that domestic eidential consumers can talk to
their retailer if they have suffer loss. Obviously, larger industries
approaching us with their insurance claims, we'll deal with those.
That's you know, those seven years are open. But this
is something back to the Northland community to allow it

(50:59):
to move aws and for us to help them with
not only their electricity supply but some of the other
challenges they have.

Speaker 2 (51:07):
Well, I can't understand, John. I mean, ultimately you are
responsible because you employer MIXIM. I get that part, But
essentially they're idiots that didn't do their job. Why aren't
they paying nine hundred and ninety nine thy nine hundred
and ninety nine and U toss and the scent.

Speaker 19 (51:22):
Well, we are responsible and we while we could argue
who how much should be shared, we're comfortable that it's
a fifty fifty arrangement that seems appropriate. And we're doing
a lot of work and you've seen the various supports
and recommendations which we're all on to make sure we
support our providers like a MIXIM so that they get

(51:44):
things right and something like this never happens again.

Speaker 2 (51:47):
Well the type not John go Well, John Clark, who's
the transparer CEO seventeen away from mate past quite great
peace on the universities for the first time ever, I
got great concerns about the future prosperity of the country.
Education is vital for us to keep up with the world,
and these figures show decline of academic standards in New Zealand.
Doesn't scare the pants off the public, then we're doomed. Yeah,
there's not enough coverage of that sort of thing. There
are rankings, and there are rankings, and the universities will

(52:08):
defend them, but we're not particularly higher. When you can't
even breach one hundred and fifty in the world, you've
got to say, possibly there's something wrong morning, Mike. I
just like how you hit the nail on the head
of labor and the universities and they're woke, race based policies.
So much for a multicultural New Zealand. Mike Gumboots or
anyone for that matter. What happened to auditing on a

(52:30):
three month basis? Anyone receiving government money and a lot
of it needs oversight. Oh, they'll have oversight. The point
is not the oversight. The point is that they were
so bullish on Mike King that he's the person to
do the job. They just better be right on it,
because you don't want to when you get audited to
find out the money could have gone better somebody else.
Mike unfortunately remind us about the labor MP and who

(52:53):
gave the Mongrel Mob was that the two million dollars
without any tender process. My counter argument to you, and
a lot of you have texted about the Mongrel Mob
money probably will forever. My counter argument to that is
you can't justify bad behavior with examples of more bad behavior.
That doesn't make bad behavior suddenly better. Sixteen two good.

Speaker 1 (53:12):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at B where.

Speaker 2 (53:18):
It's thirteen away from eight. The headline is Mike Hosking
Reign Supreme? But could an AI DJ replace the radio King?
So that was brought to my attention yesterday. It's an
article in the Listener I no longer subscribe to the
Listener by Peter Griffin. It's not a particularly good article.

(53:38):
It's I'm not meaning to denigrate Peter's writing, but any
article involving me as well worth reading in my humble opinion. Anyway,
he's been to San Francisco as Peter, and he went
to a conference there where will I Am was there,
and he was showing off as new AI powered radio
station which is called Radio Fyi, and it features a
series of AI generated radios. And the first clue that

(54:02):
Pete is not really up to speed with how radio
works is you don't call people radio DJs. The other
mistake in the article he makes it talks about talkback.
I don't do talkback. Talkback is a separate thing to
what we do on this program. Be that as it may,
mind you, it's the listener. They operate from about nineteen
sixty two through nineteen sixty four, so you can forgive them.

(54:23):
And anyway, his point being is that will I AM's
radio station, although even he concedes by the end of
the article it's not really that good. Yes, the point
being that by the time I retire, they are going
to hear at enz me have an AI version of
me that is going to be so good. By the
time Hosking is considering hanging up his microphone, there's a

(54:47):
good chance ZB bosses will have Hosking GPT Transcripts of
Hosking's thousands of past radio shows could be used to
train it, emulating his take on current affairs, mimicking his
MIC's me its segments. Now they're already trying it. Let
me just a little secret here. They have already tried it.

(55:07):
Two people I know of have tried it. One tried
it and spin it. As far as I understand, quite
a lot of time and energy making me sing. And
it was a disaster. It was a little short of
an absolute disaster.

Speaker 14 (55:24):
Mean, anybody who knows you knows that you don't sing.

Speaker 2 (55:26):
Precisely, you whistle.

Speaker 14 (55:28):
If for some reason you whistle jingle bells all year long.

Speaker 2 (55:31):
I don't know, well Christmas tunes, not just jingle bells.

Speaker 14 (55:35):
Just just talking to somebody about this yesterday. They said,
I always hear my whistling as he comes down the stairs.
And I said, jingle bells. They said, yeah, what's that about.

Speaker 2 (55:44):
Who knows what it's about? Is I'm mental? Is what
it's about. But then the boss tried it because he's
constantly threatening to get rid of me, and he goes,
AI is going to replace you. I said, you drum
up an Ai thing for me and play it to me,
and I guarantee you it'll be crap. And he went no, no, no, no,
no no, because that's how Jason talks. He goes no, no, no, no,

(56:05):
no Nana. Anyway, he drummed it up and we played
it the next day and I just looked at him
and he knew what I knew, and I knew what
he knew, And I said, it is, isn't it? And
he goes, yes, it is. It was crap. And so
I'm going to be dead before chat gpt AI or
whatever comes up with anything that even comes close to

(56:25):
the real deal.

Speaker 14 (56:26):
And you've already gone way past Griffinth's timeline.

Speaker 5 (56:31):
Anyway.

Speaker 14 (56:31):
You you consider hanging up near the microphone pretty much
at the interview show.

Speaker 2 (56:35):
Pretty much pretty much. But there's just the gap. If
I quit today, they're not ready. All I'm saying now
after this, they're never going to be ready. You got
to have the real me or there is nothing nie
away from it.

Speaker 1 (56:47):
The mic hosting breakfast with Alvida, retirement communities.

Speaker 2 (56:52):
Stitch away from it. Interesting developments in the wine industry,
Taiwanga restate this and hawks By it's on the market,
because the owner wants to concentrate on exporting to the US.
So if you fancy a restaurant, vineyard and seller door,
this could be for you. The owner Rod McDonald's with us, Rod, Morning, Morning,
How are you well? Thank you? How much of this
is about the domestic hospo market being a bit hard
work versus you wanting to be in the US.

Speaker 20 (57:14):
Look, you know it's always going to be a combination
of both. We've got a really exciting opportunity in the US,
but it's capital hungry. So weighing up the opportunities between
operating that continuing to operate the vineyard, particularly in cellar door,
compared to what lies the head potentially in the US,
is what.

Speaker 2 (57:34):
Lies ahead potentially in the US super exciting. Yeah, it is.

Speaker 20 (57:38):
Look where we've recently got some listenings in Costco. We're
going to be in about one hundred and sixteen stores
come the next quarter of trading, and we've got national distribution.
But it's really early days for us. So it just
takes a lot of money to continue to build and
invest in that platform.

Speaker 2 (57:59):
Yes, it does having it. So you are you one
of those people who started out with you know, you
could look at your grapes out your window and you
could crush them yourself and think that's fantastic. You've moved
into be a sort of a mega entrepreneur. Are you
one of those sort of people?

Speaker 20 (58:12):
Yeah, I wouldn't say mega entrepreneur, but certainly labeling at
the kitchen table and getting out with a weed waker
and dealing with you know, dealing with a vignyard on
a daily basis. That's where it all started for sure, exactly.

Speaker 2 (58:24):
So you want to lease back, though, don't you, because
you can't get into the US and expand if you
don't have any grapes, and if you sell your grapes,
you're sort of out of wine making, aren't you.

Speaker 15 (58:33):
Yeah.

Speaker 20 (58:33):
So there's a few different parts of the business. We
leased a couple of vineyards and we work with growers
and they've all been incredibly supportive and a big part
of the journey to get to this point. So we'll
continue to do that. You know, a vignyard at Tijwonga
we planted with Merlow's son, Blanc Chadney and sah. It's
you know, most of what we're selling overseas is sauvinyon

(58:54):
blanc and and not at the sort of super premium
price point that we grow out at Tijuwanna. So we're
fully certified organic out there. That's a big part of
the story for us as well. But to get some
scale and build momentum in the US, you know, sustainability
is part of the story. And hawks face servinon Blanc

(59:14):
believe it or not.

Speaker 15 (59:15):
So I think it's.

Speaker 20 (59:17):
It's a really exciting thing for hawks Bay and us.
But you've got to cut your cloth. You've got to
you've got to allocate your resources where you think they're
going to get your best return.

Speaker 2 (59:26):
Exactly. Well, I wish you all the very best with it,
Rod Rod McDonald, who is the owner currently of Taowanga Estate.
They make some very good wines, so full range of wines.
Actually you get some of the sabs and the high
teens and they make a very good top endrah. So
best Sarah in the country comes out of hawks Bay.
Of course. I think that I can say that without
any real dispute, can't I? In a moment, Malcolm glad

(59:48):
will So he's a blogger, bit of a writer, rights
a thing called tipping point. The whole world changes, most
incredible thing and it changed so much that he wrote
another one called Revenge of the Tipping Point, which is
just coming up now, So we'll get Malcolm glad Will
back on the program after the News, which is next.

Speaker 1 (01:00:03):
They use bold opinions the mic Hosking Breakfast with the
range Rover bela designed to intrigue and use togs ed bast.

Speaker 2 (01:00:13):
Some of the best ar comes from way hicky, but
fair enough.

Speaker 1 (01:00:16):
I don't want a bit of the.

Speaker 2 (01:00:18):
Jeer grat will scrap you go seven minutes past o
Malcolm Gladwill. He writes an article for a magazine, gets attention,
and he gets a book that you'll off the back
of bed. He writes The Tipping Point. It goes off
from there. It's tours at six more best selling books,
and we caught up with them last time in twenty seventeen.
This latest as Revenge of the Tipping Point. It explores
older new tipping points. Twenty five years on and Malcolm
Gladwell is with us from New York. Good morning, good morning,

(01:00:41):
the twenty five years. Are you celebrating the twenty five
years since the very start of this wonderment that is
your life?

Speaker 5 (01:00:49):
I am, I am, yes, it is which one is
that twenty five years is? What is that silver? I've
forgotten what that annivers is.

Speaker 2 (01:00:56):
I think it is silver. It's not golden, but so
you'll take silver twenty five. Here's the funny. Here's the
funny thing about it. When I read the book when
it came out originally, I for whatever reason, had no
concept of how old you might have been comparatively speaking,
you were young. How was it dealing with that level
of what I'm assuming was life changing success?

Speaker 5 (01:01:16):
Yeah, well, you know it wasn't It had no I
expected to have a much greater impact on my life
than it did. Nothing, you know, nothing changes like my
friends were still the same. I lived in the same apartment.

Speaker 10 (01:01:30):
You know.

Speaker 5 (01:01:31):
It was the surprising, a surprisingly kind of I mean,
I suppose it it it it it changed. People would
return my phone calls and I wanted to interview them
for stories. So that was big. But and it freed
me up because I began to I lasked my anxiety

(01:01:51):
about whether my writing would would would please an audience,
you know. So that made that That made that allowed
me to be a bit more adventurous. But it didn't
otherwise have much of it didn't create the change that
one would have thought.

Speaker 2 (01:02:08):
Although that will be down in some way to you,
because presumably you could have bought a bigger apartment and
changed your friends and your lots.

Speaker 5 (01:02:15):
I eventually did, But no, the friends part. It's funny.
You know, you look at you know, writers, successful writer
are not true celebrities. So all of us look at
true celebrities and we assume that on the occasion of
their celebrity, their life turned upside down. But I think

(01:02:35):
as a general rule, that's not what happens. I think
you you know, I was talking to some friend about
of mine about he knew a guy who was one
of the has become one of those tech billionaires, and
I said, well, who is friends? And my friend said, oh,
just guys you knew in high school.

Speaker 15 (01:02:56):
Wow.

Speaker 5 (01:02:57):
Like, oh, he's like the rest of you know. I
don't think that's that's normal, totally normal, Like, well, well,
who else would his friends be? Right? You know, they'll
cease to be his friends because he is a billion
and they only have you know, a very modest amount.
There's he still has the same things in common with him.
It's just I guess he's picking up the check for dinner.

Speaker 2 (01:03:13):
I guess, so but in tick it would be different.
I'm suspecting because the reason these guys got successful in
tech is because they followed their passion. The fact that
money came along is of no consequence to them, because
what they were doing was being geeky and techy, and
that's what that truly drive the which I suppose applies
to you as well. Do you think if it hadn't
been tipping point it would have been something else? You

(01:03:36):
would have got there anyway?

Speaker 5 (01:03:40):
Probably not, I don't know. I mean, it's an impossible
question to answer. I'm powerfully convinced of the randomness of success,
so I don't think there's anything inevitable about anyone's success.
I think, if you're you know, so, my best guess
is that I got spectacularly lucky. I mean, I read

(01:04:00):
lots and lots and lots of books which I think
are first class, and that sell vanishingly smaller amounts of copies.
So I don't think that writing a brilliant book is
is a guarantee of success. I think, you know, to
be successful, you must have some healthy doll up of luck,
and I had a healthy doll up of luck for

(01:04:20):
reasons I don't particularly understand and so, and after that
it becomes in writing books, success becomes a self fulfilling
prophecy after a while, right, I mean, you know your
publisher promotes your book because you've sold a lot of
books and books, so you saw your lot's set a
lot of books. So it's like you no longer used
of you know, am I deserving of all this? You

(01:04:41):
know I've lost track of that.

Speaker 2 (01:04:42):
Do you second guess yourself though, because once you got success,
do you think, well, it's the sophomore album discussion, doesn't it? Like,
you know, everyone gets a hit and then hang on
sophomore album. So when you get to the sophomore are
you thinking I'm genuinely telling that this is bound to
go well? Or you just don't have a clue.

Speaker 5 (01:04:58):
I did have anxiety, but my second book, yes, along
those lines. But no, My perspective has been that what
the last thing you should do is change. What you
should do is what you've always done, and you should
continue to write the things that make you happy, and
that if you're lucky, you know some number of people

(01:05:19):
will be interested in the same things you're interested in.
You have to have confidence, in other words, that your
interests are shared by others. And I think that one
of the things I've always tried to do, even more
so as I've gotten older, is that I do a lot.
I do all my own reporting, and I get out
of my comfort zone as much as I can. I

(01:05:40):
try to talk to as many people as I can
and spend time with people, and I think guards against
the kind of of narrowness that ends a That's what
ends at creative person's career is when they start to
be to live inside their own little bubble and never
leave it.

Speaker 2 (01:05:59):
You must always be inquisitive. I've always argued that being
inquisitive is is a God given gift. You are born
with him.

Speaker 5 (01:06:08):
Yeah, I also think you can develop habits and disciplines
that encourage your curiosity that you you know that there
are routines you can have. So for example, I've been
doing this podcast, Version's History for ten years and I

(01:06:29):
do ten some of between ten and twenty episodes a year. Now,
that's a routine that forces me to be curious. I
have to come up with ideas for fifteen or twenty episodes,
and that's a discipline that there's no way to do
that just by interrogating my own thoughts, right, Yeah, exactly,
I have to go out in the world if you've

(01:06:49):
got that kind of a obligation. So that's a structural
part of my life that forces me to be curious.

Speaker 2 (01:07:00):
Listen, hold on, Malcolm, I want to talk more about
these podcasts. In just a capital of a couple of moments,
Malcolm glaed will more shortly fullteen past the.

Speaker 1 (01:07:07):
Mic Hosking Breakfast Full Show podcast on iHeartRadio, pw it
by News Talk Zippy News.

Speaker 2 (01:07:13):
Talks, sixteen past Malcolm glad Well out of New York,
Revenge at the Tipping Point is the is the book?
By the way these podcasts, mal confessed night me because
what do you reckon podcasts are doing or have done,
or will do to books?

Speaker 5 (01:07:24):
I think enhance in some sense, enhance them because there
are another mechanism by which people can build audiences and
develop material. So if you think about it, historically, what
magazines did was they were away for authors to develop
their abilities, to test ideas and to develop audiences. That's

(01:07:46):
what they did. They were like a farm system for books.
And then when you had when you had an idea
that made sense to you and an audience that knew
who you were, and you developed as a writer, you
went out and your wrote books. Well, the magaz seeing
world has kind of dried up and something had to
take its place, and I think it's a podcast that
taken its place. So I find a lot of ideas

(01:08:07):
that are found in my Ltus book Revenge at Tipping Point.
Some of those ideas were developed as a podcasts first,
or inspired by work I did in the podcast, and
I was able to test out concept theory and idea
a story and see whether it made sense, see whether
people were interested in it, see whether it it had legs,

(01:08:30):
And then I was able to take what I learned
and use that in a book. So I think that
there's a there's a very there's a wonderful kind of
synergy between those two forms.

Speaker 2 (01:08:40):
The stories from Tipping Point to Revenge of the Tipping Point,
in a why you can argue, are the same stories. Therefore,
nothing's happened in the ensuing twenty five years. Weird stuff,
tile stories made up. It still all happens. We're exactly
the same as we were twenty five years ago. Is
that fair or not?

Speaker 5 (01:09:00):
Fear well, we live as we did twenty five years
ago in a world that is rife with epidemic change.
I think that we're quicker to recognize it today, and
I think the nature of the epidemics around us has

(01:09:20):
They've grown more frequent and more complex, But fundamentally we
are still you know, it's not like the Internet invented
contagious social phenomenon, right. Some people act as if it did,
and they forget that, Oh no, no, that was happening
before the Internet. It's just the Internet maybe was an

(01:09:42):
accelerant to those kinds of things, or it made them appear,
move faster and be bigger than they might have otherwise,
but it didn't fundamentally change the way human beings interact
with each other.

Speaker 10 (01:10:00):
You know.

Speaker 5 (01:10:00):
Contagion is the idea that we would be influenced by others,
catch behaviors and ideas from others in the way that
we catch a cold from them is something that's fundamental
to who we are. What is new is how profoundly
kind of ahistorical some of our perspectives on our world are.
And one of the advantages of being an old guy

(01:10:21):
like I am, and you're kind of I don't think
you're my age, but I think you're kind of an
old guy. With those of us who are all guys,
you know, we have some perspective we can tell our children.
You know, it was ever Thus that's funny.

Speaker 2 (01:10:36):
Guess. So look, how old are you? I got you
at fifty five, I'm sixty one, sixty one, I'm fifty nine.
Let me just ask you this because I got to
wind this up. But let me ask what I listened
to your thing with Paul Simon, who I've been endlessly
fascinated with my entire life.

Speaker 5 (01:10:55):
Me too.

Speaker 2 (01:10:55):
And you started off with the question about critics. He
doesn't read the reviews, he's not interested. You started off
with your question saying you do you get a lot
of the forgot? Do the critics bother you in any way,
shape or form now, given what you've managed to achieve?

Speaker 5 (01:11:09):
No, nominally do they not bother me. I don't think
they matter. I mean, I actually weirdly think they did
matter when I was starting out. I think you're review
in the New York Times in nineteen ninety nine or
two thousand matter. It was a central But now the
kind of the media world has been chopped into a
thousand pieces. So any one bit of criticism makes no

(01:11:32):
more than a ripple. So it's not something I spend
a life time on.

Speaker 2 (01:11:35):
Fun game. I think about this all the time. Paul
Simon or Bob Dylan greatest writers of our age.

Speaker 5 (01:11:42):
Not even close. Paul Simon, Yeah, Al Simon, I agree,
it's not. I mean the longevity his career. It's funny.
I was just talking to a Kiwi about this. Why
I believe Nick Willis is the greatest miler of his generation.
Why because because Nick Willis ran sub formulute miles for
twenty consecutive years, and at some point you have to

(01:12:02):
understand that longevity is a greater achievement than peak performance.
He was never the fastest in the world, but he
very close to being the fastest world But he was.
He managed to sustain world class level performers to his
late teens, twenties, thirties, and early forties. You must, at
a certain point understand what an accomplishment that is. I

(01:12:23):
would as Paul Simon.

Speaker 2 (01:12:24):
I would also argue with Simon, not just with Willis,
not just middle distance, but he went long to Simon
went Graceland, Africa, different genres over a long period of
time as well.

Speaker 5 (01:12:36):
Yeah, yeah, Nick, The idea somewhere Nick Willis should be
very pleased that we are comparing him to Paul Simon.
I reasonly Paul Simon of middle distance running. Tell you what,
given we're both aging so brilliantly. On the fiftieth anniversary
of Tipping Point, we'll get back together and talk some more.
How is that from our nursing homes?

Speaker 2 (01:12:52):
Exactly?

Speaker 15 (01:12:52):
All right?

Speaker 2 (01:12:53):
Might go well, appreciate it. Malcolm glad Well the Revenge
of the Tipping Point at twenty two.

Speaker 1 (01:12:58):
School Breakfast with the Range of a Villa News Talks.

Speaker 4 (01:13:03):
Mike.

Speaker 2 (01:13:03):
Malcolm did a documentary called Autonomy that was back in
twenty nineteen from memory Rie well Worth watching Lindsay very
good recommendation. Appreciate it. Mike Outliers is another cracker written
by Malcolm. You are correct as well. I discovered purely
by accident. Yesterday Billy Joel's concert back in April at
the Madison Square Garden. So he's been doing Madison Square Garden.

(01:13:25):
And he said, originally and it goes back to the nineties,
I will play Madison Square Garden. I think it's about
once a month for as long as it sells out.
And he got to the one hundred in April, and
I thought, why are they ever going to film this thing?
Because that'll be well worth watching, as it turns out,
And I'd forgotten about it. As it turns out, I
discovered yesterday they did and what And I'm I'm we're
all Billy Joel fans to a degree. But would I

(01:13:47):
go to a Billy Joel concert? Would I watch him?
But this thing is unbelievable. First of all, Madison Square
Gardens one of the great venues in the world. The
way they've staged it, rigged it, lighted it was is
absolutely sensational. They've got some amazing guests who just come
out and know where first one out Seinfeld bang, just
like that, their next Sting and Sting. And here's the

(01:14:09):
risk of bringing guests on. And they've done this throughout
the times he's been at Madison Square Garden. Whoever happens
to be in New York performing at the time, they
invite them along their singer song whatever. The problem with
inviting Sting along is it's dangerously close to being outperformed
by Sting because Sting is brilliant. Springsteen turns up so
you can see where this thing's going. And Billy Joel

(01:14:31):
is in fantastic voice for a guy well into his seventies.
A lot of those guys have lost their voice. He hasn't.
And the test is on a stage in front of
an intimate audience at Madison Square Garden. And this show,
if you've never seen Billy Joel, it's worth watching. If
you've seen Billy Joel eight hundred times, it's still worth watching.
It's on kneon. And if you only ever watch one

(01:14:54):
Billy Joel thing, watch this. We were all apps, including
our seventeen year old. We were all absolutely mesmerized.

Speaker 1 (01:15:03):
Your trusted source for news and fews, the Mic Hosking,
Breakfast with Bailey's real Estate, your local experts across residential,
commercial and rural news togs.

Speaker 2 (01:15:14):
He'd be my Billy Joel's voice has got better with age.
I don't know, because I haven't followed him closely enough,
but what I do know, in his seventies and well
into his seventies. In fact, the other thing I learned
yesterday is that the opening of the document documentary is
a concert. The opening of the concert is a very
clever animated, highly stylized version of him going to the

(01:15:35):
concert via the train and I couldn't quite work out
why that is. And the answer is he takes to
the train every time he goes to Mediicine Square Garden.
His house, by the way, is for sale at the moment.
And when we last had him on the program, I
jokingly asked how his renovations were going, because the house
he's gotten Long Island was being renovated. In fact, he's
got a couple of houses and on Long Island, and
his house was being renovated, but it had been renovated

(01:15:57):
for about three years. And so when we had him
on the program, I said, a ureno's done. He goes, No,
They're never over, and they just keep going and going. Anyway,
They're finally finished, and he put his house on the
market literally the other day. I discovered this by accident
as well. It is absolutely gob smackingly beautiful.

Speaker 14 (01:16:15):
Has he put the seventy seven inch in the shoe
room or.

Speaker 2 (01:16:18):
I don't know where he's put a seventy seven inch?
But I tell you what it is. It's on a peninsula,
it's got a lot of land, it's got a beautiful
pool looking over the ocean. It's in an old style
of architecture, brick architecture, and it's all yours for fifty
million US. But even when you look at it, even
at fifty million US, when you look at it, you go,

(01:16:39):
you know what, it's probably worth it. It's that good
a house. Where was I? Anyway? So this highly stylized
start to the program. He's taking the train. He takes
the train each time to Mediicine Square Garden to do
the concert because he used to take a helicopter. But
then he got into trouble with a helicopter because he
got he struck some turbulence and he got so freaked
out he said, I'm never taking a helicopter ever again.

(01:17:01):
I'm going to take a train. And so he does,
and they're in the Billy Joel Stories twenty two.

Speaker 1 (01:17:05):
To nine International correspondence with insitn Eye Insurance Peace of
Mind for New Zealand Business.

Speaker 2 (01:17:11):
Now I look little not though, and I look forward
to you every time we talk, Rod. But this morning
a good morning, first of all, But this morning, how
exciting is this vote that yesterday.

Speaker 15 (01:17:21):
You had very exciting?

Speaker 2 (01:17:22):
You know, you had a surprise leader, and now the
surprise leader's gone.

Speaker 15 (01:17:28):
Yes indeed, and a bit of chicaney has been applied
I think by people who supported Amie Olafunto. Added Gookie Badenoch,
who is almost certain to become the next leader of
the Conservative Party, a middle class girl from a middle
class Nigerian background in Southwest London, who has worked in science,

(01:17:53):
primarily as a computer engineer, and is regarded as being
a little bit prickly, but also very competent and is
unquestionably this is the important point, I suppose, on the
right of the party. Certainly socially, she is a social

(01:18:14):
conservative as you would imagine people from a Nigerian or
gun Ayan or West African background might be. So this
is bad news firstly for Keir Starmer because of all
the candidates who were lined up possibly to replace Richie
Sunaka's leader, she's the one who will cause the most

(01:18:35):
damage of the dispatch Box partners with her intellect, of course,
because she's combative and she knows her brief Partly also
because once again the Conservative Party has shown that it
is capable of electing people from people of color to
positions of very very high authority in the party. That's

(01:18:56):
the second consecutive leader a third if you mistrust who
to all intents and purposes, did look like a white
middle class lady from the Home Counties who was actually
from the planet Sark, which is in a spiral arm
of the Andromeda galaxy. So she is actually the third,
the second black leader of the party, and I suspect

(01:19:21):
will do very well. Now I say that she's almost
certain to become I think that when this vote goes
out to the activists and the party, she will crush
Robert Jenerck very very easily. Indeed, But one always has
to bear in mind that the Conservative Party is a
bizarre convocation of human beings and that the surprise could occur.

(01:19:46):
But to all intents and purposes, she will be the
next leader.

Speaker 2 (01:19:49):
Okay, so just work me through what's happened the last
twenty four hours. So Generic leads pretty much until the
vote before yesterday. He led the whole time, so he
was the alleged hot favorite cleverly to the leader lipped
into the lead yesterday. The skulduggery or whatever has gone on.
What went on for suddenly Bedterock to be there or thereabouts,

(01:20:10):
but they now suddenly boomed this she as the leader.

Speaker 15 (01:20:14):
I'm a decent friend of someone who ran Badanock's campaign,
and I remember talking to him five or six weeks
ago and saying, my guess is that it gets to
the final two and that will be Badenoch, Badenoch versus Generic,
and Badenock wins. And he said yes, unless she gets

(01:20:34):
kicked out. Well, it's down to four people, three or
four people, and that was the thing they had to
guard against. So I think what clearly happened, and this
is whether she Canery was involved, was that people who
would have voted for Badanock in the last round transferred
their votes to Cleverly, James Cleverly, who was the kind

(01:20:59):
of aimable, comfortable center candidate, also of course from an
ethnic minority background, right, and that they then switched them
back very very rapidly today. And so for a couple
of days, you know, we've been saying James clever has
come from nowhere, he's the man to lead the party. No,

(01:21:21):
he really isn't. And it never occurred to me really
that he would win.

Speaker 2 (01:21:26):
Okay, then, having said that, and just to explain to
people who haven't followed this closely, this has all been
in the realms of the MP's as you say, it
goes to the party members if they pervade knock. Are
the MP's and the party members in unison and universally happy.

Speaker 15 (01:21:42):
Not entirely, No, there will be a large rump of
the Conservative Party which objects to the stridency of Kenny
Badeno's rightish concerns, particularly on social issues, particularly on so
for example, she very much upset the apple cart earlier

(01:22:04):
in her campaign where she said that she didn't agree
with some of the welfare payments to within and she
is very much you know, traditional family, traditional gender ideologies,
sexual ideology. She is very much of that trunch which

(01:22:25):
exists within the West African community but also exists very
very strongly within a large proportion of the Conservative community
in this country.

Speaker 2 (01:22:36):
Being reported this morning in the Australian media that Starmer,
who I am assuming was going given the Kings going
to Chogham and Samoa, was going with the King's canceled
a trip to Australia because the miss that he's created
for himself is so severely coountiful to be out of
the country.

Speaker 15 (01:22:53):
Is that fear, Yeah, I think that is. For it
is remarked the ball that a party which has such
a huge majority can now find itself only one point
ahead in the opinion polls, and with Keir Starmer, who's
great plaim hitherto was that he never succumbed to press
pressure and sacks anybody and gets rid of his chief

(01:23:16):
of staff is most important appointment. So he is in
real trouble. And as I mentioned, I think last week
on the program to header you know, my own party
leader gave him a ten percent chance of leading Labor
at the next election. I think that's maybe especially a

(01:23:37):
bit far, but I wouldn't put it much more than
thirty percent.

Speaker 2 (01:23:41):
Wow, all right, might go well, well, catch up next week.
Appreciate it. Rod little that reference. At one point he
refers to as the more uncommon survey that came out yesterday.
Labor on twenty nine, Conservatives twenty eight, Reform nineteen lib
DIMSI Live in the Greens on seven eight forty five.

Speaker 1 (01:23:57):
The Mic Asking Breakfast Full Show podcast on High Heart
Radio powered by News Talks at be.

Speaker 2 (01:24:03):
A bit of work has been done. One of the
reasons that Stars in so much trouble at the moment,
as he promised to tax a whole lot of rich
people more money, and he was going to shuffle it
all off in high nurses and doctors and all that
labour sort of stuff that they're into. But they've worked
out that all the rich people are going to leave
the country. So a number of people have been doing
work on this. They've worked out that there are sixty
individuals that have an income annually of at least fifty

(01:24:25):
million pounds per year, and that the amount of money
that they collectively would contribute is in excess of three
billion dollars or three billion pounds as it were.

Speaker 10 (01:24:34):
Now.

Speaker 2 (01:24:35):
The problem with that is if they leave the country,
which they're more than entitled and easily can do because
wealthy people are very mobile, of course, that would leave
the country short of a lot of money. This from
the Institute of Fiscal Studies. They said the Treasury needed
to be aware that a small number of the super
rich group leaving the country would create a relatively big
hole in the finances. So the total income tax receipt

(01:24:55):
for Britain's two hundred twenty five billion pounds, the sixty people,
just sixty of them who make more than fifty million
pounds a year, make up just zero point zero zero
zero two percent of taxpayers. Because there were thirty three
million taxpayers, but together they paid one point four percent
of the total income tax receipts the same all over
the world. The wealthy payer greater percentage, but nevertheless that's

(01:25:17):
disproportionately high in that particular part of the world. Mike,
a few weeks ago you were comparing yourself to an
Australian radio host. It wasn't It was a television host
who chucked in the towel, and you explained your strength
as just turning up and I think you do more
than that. But maybe you're the Nick Willis of radio.
It's very nice of me to say. This person was
Tony Armstrong, who had worked on the ABC Breakfast Show
on television for the full three and a half years,

(01:25:38):
and he'd decided that it was all a bit much
for him. It was all a bit tiring and wearing
him down and he needed to be a different person
and so we quit. But longevity as the key, and
I was talking to the boss about this just a
couple of months ago. It's a guy called John Laws
and Australian radio, who's a legend who you retired. I
think from memory, I'm making this up a little bit retired.
I think in twenty eleven, after many, many, many years

(01:25:58):
on the radio and fantastically success well, certainly one of
the biggest names ever in the history of Australian radio,
retired in twenty eleven, came back three or four years
later and has been on radio again for the last
seven or eight years. And then the other day, literally
a couple of days ago, he out of the blue
read a text out on air from a guy who
just retired and said, no, I started listening to you
when I was fifteen years old, and I'm now sixty

(01:26:19):
five and I've just retired, and I'll be able to
listen to you more. And he said, well, as it
turns out, not for much longer. Because I'm retiring. I've
decided I think it's probably time to call it a date.
I want to be greedy, and I think the start
of November, as in like a couple of weeks time
will be it. And he will be celebrating in November
seventy one years on Australian radio. And you can't argue

(01:26:43):
with that, can you? Night Away from nine.

Speaker 1 (01:26:46):
The Mistle Breakfast with News.

Speaker 10 (01:26:49):
Talk, says Mike.

Speaker 2 (01:26:50):
If I agree with you, we'd both be wrong. It's Dylan.
This goes back to Malcolm Gladwell and who's better Dylan
and Simon. I'm glad he came and if you can
be bothered paying for it, Gladwell did this this in
depth conversation podcast with Paul Simon, and it's well worth
listening to because Paul Slimon is a sensationally deep, fascinating
and I suspect extraordinarily bright individual and the way he

(01:27:14):
thinks about the world and you can hear it in
his lyrics is amazing. But if you look at Dylan,
and I'm a big fan of Dylan, but Dylan really
is confined to the sixties. I mean, yes, he's done
some work in the seven He's done some work, but
he's not current, whereas Paul Simon is current and seven
Psalms is a very good example of that. And Paul
Simon has evolved over the years. And if you're looking
at true greatness and you're comparing the two of them,

(01:27:36):
you'd have to look at commercial success. I'd argue that
Paul Simon has been vastly more commercially successful over in
a sustained period of time that Dylan has. He's been
different in different genres over a sustained period of time,
more so than Dylan has. I mean, they're both geniuses,
so it's an interesting debate they have. But speaking which
five to nine.

Speaker 1 (01:27:55):
Trending now Quill Chemist ware House the home of Big
brand ftal Mens.

Speaker 2 (01:28:00):
Got the biopic of Dylan. This caused real upset last
night in the house. It's called a complete unknown and
apparently it's one of the years must see films.

Speaker 5 (01:28:08):
You trapped all the way from Minnesota? Why is that?

Speaker 1 (01:28:14):
Let it catch a spark, little winds hit heavy on.

Speaker 10 (01:28:20):
The board line? Who wrote this? He did?

Speaker 14 (01:28:24):
Remember me? How about that John Bass?

Speaker 10 (01:28:27):
Folks?

Speaker 14 (01:28:29):
Because he's pretty.

Speaker 5 (01:28:30):
He sings pretty mean.

Speaker 1 (01:28:32):
Ones, maybe love two, pretty true love.

Speaker 13 (01:28:35):
Your signs are like an oil painting and the dentist's office.

Speaker 5 (01:28:39):
You're kind of an asshole, Bob.

Speaker 2 (01:28:41):
If you go with snow face arm.

Speaker 5 (01:28:46):
I hear Bob is playing electric.

Speaker 11 (01:28:49):
It's not a lot of stage, Isn't he just funny
singing blowing in the land for the rest of my
God damn Lafe.

Speaker 2 (01:28:54):
I don't know this to be true, but my wife,
who knows a lot more about stuff than I, to
inform me Bob doesn't like this, and nor should he
because Timothy Chamalay is playing Bob, and Timothy Chamalay is
a charlatan. He's a lightweight, go nowhere, talentless clown.

Speaker 14 (01:29:13):
What about Timothy Challo.

Speaker 2 (01:29:15):
May Chamalay, challow may Shamla mala Malay. He's he's a
go nowhere and Bob's not head.

Speaker 14 (01:29:23):
He's never gonna catch on that that that Challo May.

Speaker 2 (01:29:25):
Guy, no, because he did what was the one he
did that people thought he liked recently? We had this
discussion last so he wasn't something that people thought was
relatively good. But June no, it wasn't. It was much
more commercial than that. Something said, what don't you play?
Give me some of his parts?

Speaker 14 (01:29:39):
Well, he's been in everything lately. He's been like like
every second film.

Speaker 2 (01:29:43):
Give me give me the last one? Who was it?
So you can't even name a single party he's been
him Wonka it was. He was quite good in that apparently.
But anyway, upshot is she doesn't think he's up to much.
He's no Bob Dylan, and Bob Dylan says he's no
Bob Dylan. And on that note, we wish you were happy.

Speaker 1 (01:30:02):
Guy for more from the mic, asking Breakfast. Listen live
to news Talks at B from six am weekdays, or
follow the podcast on iHeartRadio

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