Full Show Podcast: 13 February 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Your source of freaking news, challenging opinion and honored backs.
The Mike Hosking Breakfast with Bailey's real Estate finding the
buyers others can't use togs.

Speaker 2 (00:10):
Head b You're welcome today, changes coming to fishing and
changes possibly coming to TV and screaming we got insights
into our MiG sector and what isss earning us? What
does Wanaka do now? They can't get a grimmer shake?
Ben Campbell give us as a look inside the world
of live golf. Joe McKenna and Italy. Rob Liddle has
the Skinny out of England pasking Thursday morning, seven past six.
So I, like most things in life, there's nuanced and

(00:31):
subtlety that's lost along the way. So David Seymour is
of a personality that undoubtedly gets up the noses of some.
He might even bother the Prime Minister periodically, But as
Landrover escapade, it's not a sackable offense. Neither is his
letter written not as a minister for polkinghorn sackable either.
And even even if you wanted to combine them and
throw in the Principal's bill because he's agitated people with it,

(00:52):
he is still not in sackable territory, nor indeed anywhere close.
And here is the simple truth about MMP. Why do
we still report it like f people and that they're
all in the same party. I mean, could the Prime
Minister sack David Seymour from cabinet? I guess, But then
what would happen the end of the government? So is
he going to do that? No, he isn't. When companies
take over other companies, there's often a clean out of

(01:14):
talent when a new CEO arrives. Same thing applies the
business of running a country, though in an MMP environment
is unique. You don't merge or takeover. You coalesce. You
are individual entities who agree on a series of ideas
and a level of cooperation. It won't go perfectly, It
might not even go swimmingly, because at no stage did
you ever merge into one. You always remained. In this

(01:35):
case three, when Chris Hipkins calls yet again for a
sacking and surely we're bored witless with that tactic by now,
he tells us that not since the eighties and Longie
in Preble have we seen in fighting like this. He is,
of course wrong. He forgets Peters and Shipley and Peters
and Bolger and Anderton and Clarke and Copou and Shipley
in the First New Zealand, First Type five. He forgets

(01:55):
a vass sway of our local and recent history, and
not just that, he forgets Prebble and Longe, where in
the same party Seymour and Luxen are not in many respects.
We're lucky with this current lineup in a small country.
Coalition choice is limited in places like Spain and Germany. Recently,
when they've stretched the bounds of credibility in forming deals,
they collapsed. This deal won't collapse. The majority of the time.

(02:17):
There is cordiality, respect and productivity, but reportage doesn't appear
to feature those aspects. The great frustration I have with
the Hipkins approach and the coverage of this frippery is
this is a time of tremendous importance on serious matters.
This country is a mess and it's in desperate need
of addressing. The sideshow game increasingly looks from another age
and also childish. If Seymour or Peter's or Luxen gets

(02:40):
on the phone to the GG to dissolve arrangements, come
back to me, but stunts in a bit of personality
back and forward as a day at the office, not
a lead story and certainly not a crisis.

Speaker 1 (02:52):
News of the world.

Speaker 2 (02:54):
In ninety seconds they can see the unfolding of the
end of the Ukraine War. Rare earths and territory hostages released,
and higgsith in Europe this morning with a pretty black
and white statement.

Speaker 3 (03:03):
We want, like you, a sovereign and prosperous Ukraine, but
we must start by recognizing that returning to Ukraine's pre
twenty fourteen borders is an unrealistic objective.

Speaker 2 (03:17):
So a NIGHTO Headquarter has been uncomfortable with that.

Speaker 4 (03:20):
It's one thing to sort of accept this as a
sort of a defacto reality, and it's another thing to
see to Russia formally and diplomatically and for all time
the possession of twenty percent of Ukrainian territory. So I
think that is something that would be a red line.

Speaker 2 (03:35):
I meantime, back Stateside, other matters, and Trump will firstly,
the Doge Subcommittee there in full swing.

Speaker 5 (03:40):
No matter how bad the federal government fails the American people,
it still takes your money. There are no consequences for
total failure and for enslaving the American people against their will,
and the ever growing national debt.

Speaker 2 (03:56):
And the paper store executive what it keeps on trending.
The President he's been looking into the well, into the
environmentals of plastic.

Speaker 4 (04:02):
I don't think that plastics going to affect a shark
very much as they're eating as it munching their way
through the ocean.

Speaker 2 (04:09):
And I'll tell you what if you're into I mean,
if you're in the plastic straal business, which, as it
turns out, ross is this is Christmas.

Speaker 6 (04:16):
One of our happiest days because our business completely switched
because everybody was worrying about what are you doing in
this business? He's going to be our nobody's buying, no
one is doing.

Speaker 2 (04:30):
Thank you Trump, Yeah, you see you hang in there
and now it's all it's all gold and the plastic
straw business. Brita and get another of those inquiries where
they look into what went horribly wrong and conclude they
could have done better. This is the case of the
murder of the MP. You might remember, Sir David Amos,
the killer in the anti terror program was let out
too early.

Speaker 7 (04:49):
The assessment in terms of the perpetrator's vulnerabilities was problematic
and This ultimately led to questionable decision making and sub
optimal hand of the case.

Speaker 2 (05:01):
Finally, the Las Vegas UFO experts who have been running
a series of conspiracy stories this week after spotting a
large white streak in the sky, unfortunately have had their
bubbles burst. It was the SpaceX rocket launched from California
the other day carrying the twenty three Starlink satellites into war.
But so don't you hate it? Don't you hate it
when reality collides with nuttiness as views of the world
In ninety by the way, the CPI in America came

(05:23):
out hot, so that freaked out the Treatory people. The
yield shot past four point six? What does all of
that mean? Andrew? Shortly twelve past six.

Speaker 1 (05:33):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, how
It By News Talks, Eb.

Speaker 2 (05:41):
Cavill of Quick Things Out of Trump, Will Tossy Gabbet's
just been confirmed, rfkvoats coming. Trump's just got off the
phone to put in one and a half hours. We
agreed to work together very closely, including visiting each other's nations.
Our respective teams start negotiations immediately on ending the war.
Are the wars coming to a rapid conclusion. Watch this space.
There was a bloke who turned up at the White

(06:01):
House to tell you about shortly Mark Fogel. Last night
hicksth said what he said this morning deliberately the rear
of things fascinating. So this is unfolding, as they say, rapidly.
Anyway more, shortly fifteen past six seves from Jmi wellth
Andrew callaher good morning, very good morning. Might come for
that inflation in a moment in America Huntley. Now, isn't

(06:21):
this interesting? In a world of evs and all that
sort of stuff. We want more coal and we want
it longer.

Speaker 8 (06:26):
Yes, yes, a seeming spirit of cooperation amongst our local
generation retailers. So this was an announcement yesterday from Genesis
telling us that Genesis, Mercury, Meridian and Contact have signed
a non binding heads of agreement to investigate the potential
for Huntly Power Station and specifically what are called the

(06:46):
rank and units inside there to continue to play a
key role managing dry year risk and enhancing systems security
over a longer timeframe. So to sort of put this
into plain English, these rank and units run on coal mostly,
I believe they can run on gas and potentially buyomass,
but they're important for security of supply basically when it

(07:07):
doesn't rain enough and whend's not blowing, and those pesky
peak times like seven o'clock in the cold winter's morning
or five o'clock on the afternoon, when we need a
lot of power on tap. Now, last winter winter twenty
twenty four, these issues were highlighted when the market experienced
what is being described as a pinch point on energy
supply due to a combination of faster than expected decline

(07:27):
in national supply of natural gas, low hydro late levels,
and low wind conditions. Now, you could probably spend a
lot of time and I will leave it up to
you if you want to talk about the hires and
whys of how we got here.

Speaker 2 (07:40):
But it does.

Speaker 8 (07:41):
Feel at this point like this is a pragmatic and
sensible solution because Genesis owned something and this agreement basically
acknowledged that the system needs it and the cost of
keeping it going should be shared. Now, one of those
units will need refurbishing next year, so this is there
is an endpoint on this. I think the other one
is in twenty f thirty. They can be converted to

(08:01):
use biomass if needed. But this is just costs all
behind this. That The interesting point here, mic is these
companies are all competitors, really, so I suspect this will
need some sort of regulatory approval, but that I'm not
totally clear on how that's going to happen.

Speaker 2 (08:16):
Okay, it's a good story, right the CPI, the bond
move and I look at the Dow, it's down. Did
it move the market? Is that what drove it?

Speaker 9 (08:24):
Yeah?

Speaker 8 (08:24):
Did, although I would say in the last sort of
twenty minutes or so markets are coming back a little bit.
So this is inflation number over night in the US
CPI Consumer Price Index. It's not the Fed's preferred measure
of inflation, but it's important nonetheless, And the context here, Mic,
is that CPI inflation has stopped going down, and you
could argue now it's starting to go back up, So

(08:45):
inflation has lifted broadly. Cpis zero point five percent for
the month at the headline that was expected to come
in at zero point three. You take the food and
energy out of it, what we call call CPI plus
point four that was expected to print at point three
for the year three percent headline, Now three point three
percent core. Now that lift led by increases in household expenses, groceries, gas, housing.

Speaker 2 (09:07):
Costs, eggs. Eggs were up fifteen percent.

Speaker 8 (09:09):
Apparently this is the biggest monthly lift since August twenty
twenty three. You consider that with the recent non fun payrolls,
which suggest that the jobs market is still pretty robust,
very much strengthened the case for Federals to stay on hold.

Speaker 9 (09:23):
Now, there is.

Speaker 2 (09:24):
Apparently a bit of a thing in January.

Speaker 8 (09:26):
It's when people like to put prices up, so there
may be a little January effect there, But I think
the Fed is not having to watch and wait. It's
put pressure on interest rates, so he treasury bonds rates
have gone up, share markets down a little bit, and
you know, you increase this sort of stand up between
Trump that wants interest rates lower and inflation not really
playing ball.

Speaker 2 (09:43):
Quick word if you wouldn't mind on our trichometer good or.

Speaker 8 (09:46):
Not, like traffic index, which suggests there's not been as
flat between they're flat, so really no moving domestic demand.
That's consistent with other signals.

Speaker 2 (09:56):
Heavy traffic jumped.

Speaker 8 (09:57):
Four percent in January, up four point one percent year
in the ear So that's a better read on production.
It's encouraging, but it's only one read and so we
probably need to see more of a trend there at
the moment.

Speaker 2 (10:07):
What about concrete? Talk to me about concrete.

Speaker 9 (10:10):
Well, we're not know when it was much.

Speaker 8 (10:11):
December quarter of readymixed concrete, actual volume, very much concrete
produced was six point two percent down.

Speaker 9 (10:17):
The number I like here, Mike, though.

Speaker 8 (10:18):
I looked at the December quarter and I compared it
for twenty twenty four, and I compared it to twenty one.

Speaker 2 (10:24):
We were at the peak.

Speaker 8 (10:25):
Do you know we're only pouring three quarters of the
amount of concrete that we were three years ago, So
you can see how much that's contracted there.

Speaker 2 (10:32):
That's a big move. I was part of that peak.
I did the glasshouse then. And anyway, what did you
grow in the glasshouse? I'll talk to you about that
another day. What are the numbers? We're nothing.

Speaker 8 (10:44):
I league I want to hear around tomatoessics, capsicams.

Speaker 2 (10:48):
Of course you do.

Speaker 8 (10:49):
The Dow Jones is down one hundred and seventy five points.
It's at forty four, four hundred and twenty. The S
and P five hundreds down eighteen points, six oh five
oh it's down point two nine percent, and Nazdak is
now just clicked into positive terraces.

Speaker 2 (11:01):
Up two points.

Speaker 8 (11:02):
Nineteen thousand, six hundred and forty five. Oh Night Forts
one hundred up point three four percent, Atto seven, the
Nika uper point four two percent, thirty eight thousand, nine
hundred and sixty four Shanko composite gained almost one percent
so strong three three four six, the A six two
hundred yesterday gained point six percent eight five three five there,
and the NZX fifty was a relatively unmoved down three points.

Speaker 2 (11:24):
Twelve thousand, nine hundred and.

Speaker 8 (11:25):
Thirteen Kii dollars a little bit weaker point five six
three nine against the US point eight nine seven five
Ossie point five four two seven Euro point four five
three two pounds eighty seven point one nine Japanese yen
gold two one thousand, nine hundred and three dollars are
still strong, and brankrud seventy five dollars and eighty one cents.

Speaker 2 (11:45):
I'll give you one of my earloom tomatoes. You don't
know you are until you've got one of those. I
see you tomorrow, Andrew Kellaha Joemowealth dot co dot m
Z strong brands internationally pretty good read they do Popeyes
and Burger King did the business for them internationally. We
don't have Popeyes. I don't think we've got Burger King
revenue of two point three billion. This is for the
quarter the million dollar Whopper promotion went off for them internationally,

(12:06):
same sore sales growth four point seven percent, increased their footprint.
They've added one thousand and fifty five new restaurants from
this time a year ago.

Speaker 10 (12:17):
We've covered we covered the opening of Popeyes here.

Speaker 2 (12:19):
Oh there is a Popeyes. There is there two.

Speaker 10 (12:22):
We've got two. I think there's a third one opening,
was it?

Speaker 9 (12:25):
Yeah?

Speaker 2 (12:25):
Yeah, well Grimmer obviously not. Non Wonka don't dag only
Wonaka six twenty two at News Talks it'd be.

Speaker 1 (12:33):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (12:39):
At be Mike, Popeyes wont twenty five restaurants by the
end of this year. They are on an expansion path,
aren't you glad Mike. We're open to overseas businesses, just
not the ones we don't like, like McDonald's. Isn't that ironic?
We'll come back to that later. Six twenty five trending
now with the warehouse the home of big brand frequency,

(13:00):
Popeyes and Tacapoona and Auckland's delivery only. I mean, come on,
that's that's the sort of detail you're not going to
get anywhere else. How to train your dragon? Update story
so far it was a trilogy made over three billion,
four oscar nods. Director said three that's heaps. I'm done.
So what does the studio do that? Well, lion King,
Beauty and the Beast and the Ladden Office clues. Yes,
they're going live action. These beasts are a threat to

(13:24):
all of our lives.

Speaker 11 (13:29):
I have to hell you, I work because I'm a Viking.
Hear that I'm a Viking.

Speaker 10 (13:37):
Maybe they're not as bad as we think they are.

Speaker 12 (13:40):
In case you forgot, our parents' war is about to
become ours.

Speaker 11 (13:44):
Figure out what side you're on.

Speaker 6 (13:48):
You wanted to see this, I'm not one of them.

Speaker 13 (13:53):
Wow, we've lost everything, your father, your tribe, your best friend.

Speaker 14 (13:58):
What are you going to do about it?

Speaker 11 (14:00):
Probably something stupid.

Speaker 10 (14:03):
Well you've already done that, and something.

Speaker 2 (14:05):
Crazy, something crazy. A lot of the actors are not
a big deal, but you don't need to win. Its
live action. Jared Butler, though, who is a Biggish deal.
He voiced the main character's father in the trilogy. He's
back for the same role Julian Dennison, you know the Kiwi.
He's also there as the character fish Legs. It's out
June thirteen. Coca Cola, by the way, have announced this
morning that the tariffs are a problem for them because
of the gunna. They have more expensive aluminum or aluminium?

(14:29):
Are they going to make more plastic? So you put
the price of aluminium up, suddenly you want to use
more plastic. But as Trump quite rightly pointed out, I
don't think the sharks are worried about plastic straw, so
they're probably not worried about plastic coke bottles. Meantime, Trudeau
this morning has announced a new job. He's appointed a
new fentanyl t SAR for the board, a guy called
Kevin Brosso, former member of the Royal Canadian Mounted Intelligence

(14:51):
advisor to Trudeau, begins the role immediately. So I'll tell
you what, when you threaten people, it seems to work,
doesn't it. Red meat? Red meat. We're doing quite well
on the red meat department, so we'll crunch some numbers
for you. And have a look at where we're going
in the red meat sector and see if they're paying
the bills for New Zealand.

Speaker 1 (15:08):
Shortly, the news and the news makers the mic asking
breakfast with a vida, retirement, communities, life your Way, news
togs head vs.

Speaker 14 (15:19):
Like.

Speaker 2 (15:19):
Presumably the McDonald's decision means no franchise restaurants can open
and Wonica now no KFC, Burger King Popeye. So they've
set a precedent. Why would anyone want to try and
open a business there now? Right and wrong. They've got
a Domino's, they got a subway. The problem is not
against McDonald's, as in reading the report yesterday, it's not
against McDonald's per se. It's about the location. There was
the link between what is Wonaica and what is rural

(15:40):
Mounta ins a bit special, it's a bit different. It's Marbo.
My understanding is McDonald's got three options. I'll just go
to option to option three and they will get a
McDonald's open. So it was more about its location as
opposed to it actually being open twenty three minutes away
from seven. That makes it white when you look at
the amount of money and time and energy. Wait Stitch

(16:00):
that's gone on in a country district for people there
because McDonald's, of course, like every other business does, what
are they do? They employ some people, they sponsor things
in the community, they pay taxes, help you with a hangover,
all that sort of stunt. It's all good stuff, isn't
it right? Some detail on New Zealand and speaking of which,
our red meat sector, what have we been doing twenty
twenty four report card plenty growth outside China. US export's

(16:22):
up thirty eight percent, UK fifty three percent, Canada one
hundred and sixteen percent. That's a total of nine hundred No,
it's not a total of nine point eight six billion
worth of steak and chops. Meat Industry Association CEO Suma
Kadapeva is back with us. A very good morning to you.
Good morning, very obvious question for you America Trump tariffs.
Are we in trouble or not?

Speaker 15 (16:44):
Well, Look, I think it's still too early to say
to be To be quite frank, we're certainly watching the
situation very closely, but there is no really no need
to speculate at just this at this moment because nothing
concrete has happened that would impact New Zealand.

Speaker 2 (17:04):
Somebody suggested to me all we do with America is
cell burger patties. Is that true?

Speaker 16 (17:10):
Well, yes, and no.

Speaker 15 (17:11):
We do sell a lot of beef into America for
the burgas, right, that's for sure. But increasingly the United
States has become a very important market for our high
value lamb. Their lamb consumption seems to be increasing, and
their appetite for high quality grass feed New Zealand lamb

(17:32):
is certainly increasing.

Speaker 2 (17:34):
Which is one of my arguments. Is it possible, even
if we got hit with tariffs that if you go
to the upper east side of New York and they
don't want a bit of the barn feed, they want
some grass feed, they'll pay whatever.

Speaker 15 (17:46):
Well, you know, potentially, it all depends on how consumers
are feeling, and you know, what the economy as a
whole is doing. But as I said, you know, I
don't really want to be speculating too much about what
may or may not happen and how the tariffs may
may not impact our exports until we've got something concrete
to analyze and discuss.

Speaker 2 (18:08):
The one hundred and sixteen percent up in Canada, I
take it that's off at low base, Yes it.

Speaker 15 (18:14):
Is, but Canada is an important North American market for US,
and it's great to see that. You know, our products
are now going into so many different markets and they're growing.
So I think that just kind of reflects the continued
recovery of the global demand and also the resilience in
market diversification strategy of the industry.

Speaker 2 (18:35):
Are those palms still whining about local versus our imported
stuff or not?

Speaker 15 (18:40):
Oh, I'm sure that they will always do that, But
you know, the stats show that there is demand and
the United Kingdom and we are well placed to meet
that demand.

Speaker 2 (18:51):
What's the split? Are we doing a lot of beef
a lot of lamb or is there venison in there?
What you know, is anyone doing better than anyone else noticeably?

Speaker 15 (18:59):
I think the split is roughly fifty to fifty between
beef and sheep. Sheep, mate, we don't in the Meat
Industry Association, we don't really take care of venison unfortunately,
so I can't talk about that venison as I understand
it as a very specialty meat, so it doesn't come
quite to the same volume at beef.

Speaker 2 (19:22):
And what's your sense of the year you bullish.

Speaker 15 (19:29):
Bullets might be a strong word, but we're certainly more
optimist back that the end of last year was you know,
you know, we finished on a very positive note which
gave people a little bit of a boost, and we've
just focused on putting one foot in front of the
other four to twenty five and making sure that we
continue to do what we do best, produce and export

(19:50):
fabulous product.

Speaker 12 (19:51):
To the world.

Speaker 2 (19:52):
Fantastic, you go well with it. We're fans Kaipiva, who
is the Meat Industry Association. Whilst speaking whis ninety minutes
away from seven zes Free, I'm reading this morning. The
Asia Pacific region gangbusters a record fifty six point four
million trays are sold. That's thirty percent lift and volume
on last season. Thirty two million trays were sold to Japan,
thirteen to Korea. Ten across the Asia Pacific that Singapore, Vietnam, Malaysia, Indonesia, India,

(20:16):
et cetera. We could do more in India. Record nine
consecutive weeks of deliveries of more than a million trays
in Japan, big penetration in Korea. Australia's up sixty five percent.
Get amongst it, the Red which we're following very closely,
that's recently commercialized they've launched in Korea and Malaysia for
the first time. Very well received. So that's a slower

(20:37):
good news for you, isn't it.

Speaker 1 (20:38):
Eighteen to seven The Mike Hosking Breakfast Full Show podcast
on iHeartRadio powered by News.

Speaker 2 (20:45):
Talksp Mike greg foran in front of a Select committee
this morning to explain Near New Zealand's wofule upcoming twenty
four to twenty five financial return public and dial and
from Make thirty will be fascinating. While it'll be moderately fascinating,
I don't know how much he's ford guidance he's going
to give. They report this time next week, and they're
going to be a story in and of themselves because
too many airlines around the world are booming and they're not,

(21:06):
and so a few questions around that. Speaking of booming,
By the way, the banks are doing well asb I'll
work you through that if you missed it yesterday. They're
like seriously profitable. And the CBA same sort of story
across the Tasman anyway, that's to come. Six forty five
International Correspondence with Ends and Eye Insurance Peace of mind
for New Zealand business. The thing about the banks. Is
the government going to drag the banks back before a

(21:28):
silly committee as well? They want to go harder on
the business of competition and coal and wokeness and all
of that. So anyway, Italy, Joe, how are you great, Mike?

Speaker 1 (21:37):
How are you?

Speaker 2 (21:38):
I'm very well. Indeed, this mafia bust? How big was this?
And what brings this stuff about? I mean that size
of what I've been watching in the last twenty four hours.
Who drives that?

Speaker 9 (21:47):
Well?

Speaker 17 (21:47):
It seems that the police have been monitoring the activities
of mafiosi inside prison and also on the streets of
Palermo over the last two years, and then it reaches
this point where there's enough evidence for the officers to
conduct raids. So we had twelve hundred officers yesterday on
the streets. Thirty six of the charged guys involved are

(22:13):
actually in custody, and that makes it kind of interesting.
I think that they're running their operations from prison.

Speaker 2 (22:19):
Wow, And so what happens now there's a nine year
trial and maybe they get put back in prison.

Speaker 18 (22:24):
Yeah.

Speaker 17 (22:25):
Well, a lot of debate about some of who've been
let out of prison a little early. But what's interesting
is that the bosses are of course using modern technology
to conduct their business, using encrypted cell phones from their
jail cells, and interestingly, Mike, some of them have nicknames
like Robert de Niro and spider Man, which make it
even more difficult for the cops to track them down.

Speaker 2 (22:46):
Good on them for coming up with something original. So
now Maloney and business, how where are we at economically
in Italy at the moment? Is it a miss or not?

Speaker 17 (22:54):
I think it's a mess, Georgia Maloney. The Prime Minister's
trying to talk up the economy, but it's very weak.
Industrial output much weaker than expected in December, falling three percent.
There have been revisions of the GDP last year and
the artlook for this year is probably going to be
less than one percent growth. So I think there's a
lot of nervousness, particularly about the US and the possibility

(23:17):
of those tariffs, and figures are showing that thousands of
business businesses have disappeared in the last few years here.

Speaker 2 (23:25):
So what happens While you mentioned the tariffs, how nervous
is Europe and Italy specifically about the tariffs? Is Maloney
seen as some sort of buffer with Trump, because presumably
they could know Coalist together. Ideologically, I think the jury
is still out.

Speaker 17 (23:40):
There was a lot of support for her visit to
mar Lago way back when before the election, and then
she of course attended the inaugurtion, and I think now
there's a lot of nervousness. People are just waiting to
see what's going to happen, and there is a great
deal of concern because I think the total of exports

(24:01):
from Italy is around sixty billion euros.

Speaker 11 (24:03):
To the US.

Speaker 2 (24:04):
It's big buck assisted suicide Tuscany. How does this work
in Italy? Do you do it locally, regionally nationally? How
does it work?

Speaker 17 (24:12):
Yes, it is a regional decision and I think it's
shaken up the Catholic Church in Italy because they weren't
quite ready for this. This is a regional law passed
in Tuscany, which is of course dominated by the center left.
At the national level, the Prime Minister Georgia Maloney, the
rightist coalition, her government is still broadly against euthanasia, so

(24:32):
that makes it an interesting play when you look at
the situation nationally.

Speaker 2 (24:36):
So what's going to happen? If you want to end
your life, you'll go to or move to Tuscany if
you don't live there.

Speaker 17 (24:43):
It sounds like that's how it can operate. It allows
requests to be handled by local health authorities, and that
would have to go through a medical panel considering applications,
and then the local health authorities would provide the necessary
medication and healthcare personnel. I still find it hard to
see that people will be able to move there from

(25:04):
other parts of visually, but let's wait and see.

Speaker 9 (25:06):
OK.

Speaker 2 (25:06):
Good to catch up Joe sex Day, who is in
Italy for us this morning? Just Maloney, Trump, et cetera.
Last night, it was late yesterday afternoon, ten thirty at
night in Washington. Go called Mark Fogel. If you missed it,
have a look at it. There's another one coming today.
Fogel got grabbed three and a half years ago in
Russia for some medical marijuana, and Griner was the famous case.

(25:27):
Of course, Fogel should have been gotten out, as Trump
pointed out yesterday, but he wasn't because Biden was asleep
of the wheel. First thing you noted yesterday, Trump was
still working at ten thirty at night. I mean, his
work ethic is unmatched in terms of presidential rigor. The
concept of Biden wandering out at ten thirty at night,
is you know it's farcical. Anyway, this guy Fogel got
taken out of Russia yesterday. Flowing back to the White House,

(25:49):
he turns up. So a couple of really interesting things putin.
Let these guys go, and as I say, there's another
one coming today for nothing. Now that doesn't happen. So
why did he let the people go for nothing? Well
it wasn't for nothing, of course, And this is the
phone call the hour and a half to day hicks
Seth said what he said today for a specific reason.
So how this thing's going to unfold us? As follows,

(26:09):
the Americans are going to get rare earths, They're going
to get guarantees of rare earths and territory out of
Ukraine in return for security guarantees. Russia's going to get
some land. Zelenzi's going to hate that. He's not going
to get into NATO either. So the ultimate loser he
is going to be Zelenski, but he's going to have
to suck it up. How NATO handles this I don't
know yet. But nevertheless, this guy Fogel turns up at
the White House. Fascinating to watch. He's either drugged up

(26:31):
or drunk, or he's unusual. But to have a look
at the video, you'll see what I mean. They ask him,
obviously what it was like in Russia. He goes, I
need some time to reflect on that before I answer. Now,
that's an answer that was given to him. It was planted,
and they said, don't say a word. What he did
say before he said that was I spent one hundred

(26:53):
of my three hundred days in hospital and they injected
me four hundred times. Now, surely the point, if you're
a reporter of any note, salt, or you're worth at all,
is what were they injecting you worth, mister Fogel. Nobody
asked that question anyway. He was then shuffled off to
the Lincoln bedroom but to watch Trump at ten thirty

(27:14):
at night. Having sprung this guy in a two and
a half week period, after his ninety five year old
mother went up to him in butler the day got shot,
went up to him in butler and said, can you
help me get my son out of Russia? And Trump said,
watch me, we'll do it. And two and a half
years later, when the guy had been there for three

(27:35):
and a half years and Biden had done nothing. That
is presidential power that will serve you well.

Speaker 1 (27:41):
Eight to seven the Mike Hosking Breakfast with Alvida, Retirement,
Communities News togs, tad.

Speaker 2 (27:47):
Be just developing so and Americans among three three new
hostages out of Belarus just announced. And also just announced
that Trump has been not only in the phone to
put In for an hour and a half, he's just
been an hour on the phone to Zelensky. By the way,
the U were so it wasn't not quit pro quo.
The US has just released a Russian prison, a guy
called Vinnick who was nabbed back in seventeen in Greece
on crypto fraud charges. Anyway, they've swapped him for Fogel

(28:12):
five minutes away from seven.

Speaker 1 (28:14):
For the ins and the outs. It's the fizz with
business favor take your business productivity to the next level.

Speaker 2 (28:21):
Started from seek on jobs. They're looking at jobs with
the highest demand from the last year based on year
by year job ad growth. What's hot GPS, They're hot.
Everyone wants a GP, No one can find a GP.
Highest increase in the number of job ads for GPS
up forty six percent on the year. It's not bad
dough either. Average GPS two hundred and five thousand technologists
they do the MRIs, that sort of stuff. Job ads

(28:42):
were up forty three percent. Auditors with an accounting up
forty two percent as of last week. There was concerned
they were the group that were heading to Australia for
better pay. But the average calory here if you're in
auditor eighty four in Australia's ninety five, So a bit
of a difference, but it's hardly I mean, if you've
seen the price of a house in Sydney, average price
in house Sydney now is one point seven million. Even
in a place like Auckland or Central Intargo, you're talking

(29:04):
about a million buck. So I mean, yeah, yes, you
get another team grand, but you've got to buy one
point seven million dollars worth of house banking analysts and
practice managers at healthcare facilities they're in the top five.
Senior associates and legal twenty five percent increase in job ads.
Youre one hundred and fifty eight thousand dollars if you
one of those sales people. Real estate and property up
to thirty percent. The ads ninety five grand a year

(29:26):
as your average sales. What about a brand manager? You
want to be a brand manager in marketing and communications?
Philly broad sort of thing at a cocktail party, isn't
What do you do on brand manager? Are you?

Speaker 11 (29:36):
Anyway?

Speaker 2 (29:37):
Adds up fifteen percent year and one hundred and six
thousand dollars data engineer in the tech sector fourteen percent
increase in ADS one hundred and thirty two thousand dollars.
Now fishing if you want to be a fisherman, got
cameras on your boats? Anyway? That was a Stuart Nash thing,
I think, But Shane Jones, he's over all of that.
So he's shaking up the fishing industry. We look like
we might be shaking up the media industry. Sort of

(30:00):
side live golf Later we'll talk with Ben Campbell. Uses next.

Speaker 1 (30:05):
The only report you need to stug your day the
my Casting Breakfast with the range Rover Villa designed to
intrigue and use togs dead b.

Speaker 2 (30:14):
On seven past seven of the fisheries industry getting a
shake up. We're at the feedback stage on everything from
catch limits to onboard camera transparency. Shane Jones, of course
driving this even very vocal about the unnecessary regulations which
impede productivity and potential. Sea Lord CEO Doug Pauland's with us. Doug, Morning, Mike.
You're getting basically what you want. Do you think well?

Speaker 19 (30:34):
I think it's a good start to the changes the
industry have been requesting for a reasonable period of time,
and what we've seen as an acknowledgment of fishing is
in a much different place, particularly over the last five years,
as technology has increased significantly, and now that we've got
digital reporting, we've got vessel locators going into MPI daily,

(30:56):
and we've seen the introduction of cameras to many of
the fishing vessels. It's become a very striking call to
say the regulations are no longer fit for purpose. So
I think it's been it's a very good.

Speaker 2 (31:06):
Start seven and a half million. Your company pays the
Ministry of Primary Industries. What do you get for that?

Speaker 19 (31:13):
We get a lot of oversight, we get compliance, We
pay for our own policing by the Ministry of Fisheries
and Ministry of Primary Industries. We get science for that,
which is great. We do also pay towards the Department
of Conservation, which is great to see. Sometimes we don't

(31:34):
get a lot important to where that money goes. So
that's something we're looking for change moving forward. So look,
I think there's room for that number to come down personally,
because what's happened is the number has gone up and
up and up to the point it's very difficult to
make returns out of fishing.

Speaker 2 (31:51):
I noticed I was looking at Jones and TikTok and
cameras and stuff like that. How much of this reformers
about cameras on board and TikTok and going to the
court and how much there's there's METEA stuff. There is
the cameras the headline stuff or is that a major
not really?

Speaker 19 (32:05):
Look, I think the cameras are a bit of a
distraction in reality, the camera and look, Shane's acknowledged that
his personal view is different to what's been decided by cabinet.
It's different to what even some industry players believe. And look,
they're here to stay. What we're seeing now is we're
seeing the acknowledgment that it's not right for the public
to say, well, we want the right to look at

(32:27):
people in their workplaces. It's like saying, when I go
to an office every day, if there was a camera
behind me watching me on my computer, and then any
man and his dog could request that footage and see
what I'm doing. I don't think generally if the public
understood that's what's happening, they'd be very happy. I like
to read it and see everything they want.

Speaker 2 (32:47):
Sure correct me if I'm wrong. I liking you guys
to farmers. You don't get up in the morning, and
this is catch limits and all that stuff. You guys
don't get up in the morning to ruin your business,
do you. Therefore, of course not exactly. But so what
we've had is a system whereby we think you are
all criminals and we'll need to monitor you and keep
you in line and all of that stuff. And all
that's happening here is a bit of ideological change and
you can get on with life and get on with business.

(33:10):
Nice to talk to you, Doug, appreciate it very much,
Doug Paulan, who is the Sea Lord CEO. Ten minutes
past seven, also in the old feedback camp, has nine
you from the Broadcasting Minister who has some thoughts around
the screen and television sector. A New Zealand on air
and the film Commission get merged. The big stream is
like Netflix have more. Well, they've got to support more
allegedly local content South Pacific Pictures MD Andrew Shusteman's with

(33:30):
us Andrew Morning to you Morning, Marke can't I I'm
very well, thank you. An observation about Paul Goldsmith. He
seems disinterested in the portfolio. Am I being unfair?

Speaker 14 (33:40):
I'm surprised about how interests of it is. I actually
think that the recommendations that came out at mcchsay are
pretty on the money.

Speaker 2 (33:47):
Good, So that's encouraging. So I've been wrong in that.
It's just I'm going back to this business of the
news Google paying for stuff, and they just don't seem
to have an urgency about them. You see something different.

Speaker 14 (34:00):
Look, here's the idea. It's difficult. You know, the Digital
Bargaining Act is a whole different kettle of fish. There
are similarities, but what we're talking about as a broadcasting
Act that was put in place in nineteen eighty nine,
a year that TV three was creating, the year before SkyTV,
in two years after you guys become news talk. So
it's a long time ago and the world has fundamentally changed.
There's been very limited touches to that. But what we

(34:21):
now have is that obviously along with ad revenues, we
have audiences are migrating to just streaming platforms with great
content and local content. Players are getting lisped out of
the play There is nothing unusual from a global play
There are countries all over the world that are now
looking at how to implement the streamers within their portfolios
within their countries. So it's a good move. And what

(34:44):
I really loved about the mcach paper is so much
was that it's on the money. They've consulted the industry
and the things that the recommendations or the proposals that
they're questioning for submissions are pretty good.

Speaker 2 (34:55):
But consultation is not action. When you go to Netflix
and they go get low steer at the bottom of
the world, we've got bigger fish to fry than one.

Speaker 14 (35:02):
Well, I'm sure this isn't the first dance they've had
around this globally bike in fact, so they'll have a
playbook that they'll play to. But you know, I think
the catch all situation, obviously there's trade agreements that negate
the ability for just activity on the streamers. What we
do have to realize in New Zealand Broadcast is that
although there are you know, the charter of the tvm

(35:24):
Z was thrown out in twenty twelve, there are actually
no regulations around quotas or the amount of content local
content played on any of the players. What this does
is effective who proposed as a catch all, It'll catch
every player in market and go, look, there's going to
have to be a content requirement where you know, the
options are varied. There is people that talk about levies,

(35:45):
but the requirements they're talking about is a percentage of
gross revenue that would then be spent on local content.

Speaker 2 (35:50):
So win one insummation. We're moving at last, and we're
in the right direction.

Speaker 14 (35:56):
I think.

Speaker 4 (35:56):
So.

Speaker 14 (35:56):
Look, honestly, I'm surprised and happily surprised. We've been looking
for this for quite some time, Rumors ruminating out of Wellington.
This is going to be coming and from an industry
professional point of view you read this, and from a
local production point of view, from a prominent point of
view from the broadcast of being on remotes and having
apps on TVs, these guys have actually done a really
good job and implaued its to the Minister mcch for

(36:19):
finally acknowledging what government's successive governments of both types have
been kicking can down the road since the mid nineties.

Speaker 2 (36:25):
Well done, Andrew appreciated very much. Andrew's system in South
Pacific pictures. What did I call them? Managing director? That'll
live Managing director thirteen minutes past seven, asking of things
that are coming. Nicola Willis is going to be in
an event tomorrow. The Economic Forum might be today, I
can't remember that. It's the two day thing starts today,
goes tomorrow. Anyway, she's going to use that speech to
lay the groundwork for what they're calling the third major

(36:45):
player in the supermarket. So they're going to blow that
up as well. They're going to look at overseas investment.
They're going to look at the Resource Management Act. They're
going to look at the local government regulations, which is
ironic given what happened to McDonald's and Wanacke yesterday. So
I mean, what to talk about local regulations getting in
the way any other red table regulatory hurdles to prevent
a third player coming into the supermarket area. The other

(37:10):
person the reason I mentioned that has one that significant
good honor, and if she actually does something fantastic. The
other reason I mentioned that is the keynote speaker of
this whole thing is Scott Morrison, who ran a country
for a while. He's on the program tomorrow morning, fourteen past.

Speaker 1 (37:23):
The like asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at.

Speaker 2 (37:28):
B Mike, why aren't we tariffing Google, Apple, Netflix and
the like? Very good question. I'll come back with an
answer in the moment seventeen past seven. It's gone badly wrong.
Of course for Macas and Wanaka in war Necka, after
far too much time and energy and money on arguing
about Hamburgers and Mount Iron, their application to open locally
was turned down, of course, WONNICA Business Chamber Board Chaire
Joe Liameth is with us Jovery. Good morning to you,

(37:50):
Good morning Mike. Did the chamber submit.

Speaker 16 (37:53):
I no, we did not. It's not air role to
do that.

Speaker 2 (37:57):
Well, it's not Health New Zealand's role either, But they
submit that. Every manner's dogs omitted. What to forget the result?
But what are shambles of a process? Do we really
have that much time managing money and energy to get
to do this sort of stuff?

Speaker 16 (38:10):
I don't think it's the shambles of a process. All
resource consent processes are the similarity to open up for
public submissions or not, depending on the details of the consent.
So it's not a shambala. It's obviously just bought a
bit more of a tension than probably a normal resource
concent ediplication.

Speaker 2 (38:26):
What's the vibe in the town? Pollwise, have you ran
a pole is as popular or not?

Speaker 6 (38:32):
So?

Speaker 16 (38:33):
We obviously represent the business community, so not necessarily a
vibe or the town, but the business community. If we're
about three hundred members, So we ran a survey to
be able to understand I guess the sentiment of AIR
members regarding the topic, given that it's a generated a
reasonable amount of significant local discussion, not to.

Speaker 2 (38:52):
Mention national discussion. What was the result of your survey?

Speaker 16 (38:56):
So I guess the sentiment is that probably like ED membership,
which is reasonably diverse and presents a range of perspectives
on the development, the sentiment of the survey is it
pretty much the same. It's quite diverse. There are definitely
those who want it, and there's differently those who don't,
but most of them have indicated that it would They

(39:17):
don't see it that it would impact their business or
the business economy in Warnaka.

Speaker 2 (39:22):
Is it fair to suggest it's not McDonald's. It's the
Mount Iron country rural town thing, right, So if they
pack themselves somewhere else, they might have got away with it.

Speaker 16 (39:33):
I think that that is definitely the basis of the
resource content for the decline of the application. So there's
the basis of that. Whether or not if they applied
somewhere else, whether the town would have responded differently, as
I guess, it's unknown, but it's certainly a significant contributor
to the to the opinion of the community.

Speaker 2 (39:56):
Have you ever had a groomer's shake?

Speaker 14 (39:59):
No?

Speaker 2 (40:00):
Well, well that's what they sell apparently it's a purple
shake at the moment. I've just looked it up the
other day, but I've met no one who's had one. Joe,
nice to talk to you, appreciate it. Joe Lamouth, who's
the what's that?

Speaker 1 (40:11):
No?

Speaker 2 (40:11):
What's that? Wanaka Business Chamber board chair? As I mentioned
earlier on, they've got option to an Option three which
doesn't involve Mount Iron Apparently. Why aren't we terriffing Google? Apple, Netflix?
It's a fair question, but it's been answered. The reason
is because the moment you do it, they go, if
you do that, we'll leave the country. They tried it
in Canada, they're trying it in Australia. There's some hope
it might work in Australia. Probably won't. They certainly didn't

(40:33):
work in Canada because they're bigger than you are. And
when you're a little country at the bottom of the world,
to wander up to Netflix or Google and say, by
the way, give us some money, they'll go get lost.
And that's why no one's done it.

Speaker 1 (40:43):
Seven The Mike Asking Breakfast Full Show podcast on iHeartRadio
Power by News talks eppy.

Speaker 2 (40:53):
Now, when you're looking to invest your hard earned you
want an established bank with solid foundations. Obviously like Sbsbank.
They've been around for one hundred and fift five years.
They got roots firmly planted in Kiwi Soil, North Island.
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their profits here in the country, which we love as well.
So while you're growing your savings, are you are helping
grow the country. Kiwis helping kiwis. So that's going to

(41:16):
ring to it, doesn't it. So if you've got some
grand dreams to invest in your future, what do you
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and who doesn't, search SBS Bank. SBS Bank, start banking

(41:39):
with heart Paski Britty three. In a country that has
some really big problems, watching councils battle central government over
fluoride defies belief. Firstly, councils can't have the old cake
and eat it candy, I mean, think about it. Council
spent an inordinate amount of time asking government for help,
endless amounts of money and arguments over things they shouldn't
be doing, and then having done that, they fight with

(42:02):
central government over how they suddenly need more power. Then
the participation rate. Few people vote in local elections. I
think we'll find that out this year. So we want
to have non experts telling us what to ingest having
been put there by a handful of people who can
be bothered to vote in the first place. I mean,
why have experts on anything? Why don't councilors open up
GP clinics and tell us what's wrong with us? They

(42:23):
can do our taxes. We'll save a fortune on accountants.
They can build our extensions. I mean, because surely if
you know about fluoride, you can swing a hammer. There
aren't many towns and cities, of course, in this country
that aren't grappling with the basics rubbish roads services the
cost of them. There are not many towns and cities
in this country that aren't in the fight over the
year increasing cost councils and pose upon us. There are
a growing number of towns and cities that are clearly

(42:45):
run by councils wildly out of their depth. We broadly
are not well governed. And whether that is because the
people who run them aunt up to much, or we
aren't interested or a bit are both as a very
good debate. But at no point is any council anywhere
in a position to dispense health advice. Do they want
powers to ban sugar and prescribe exercise as well? Health
is not a democratic exercise anything. Even if they went

(43:07):
to the locals, the locals are no more medically equipped
than they are to know or tell us what the
benefits are. Otherwise of any ingested medical ingredient may or
may not be fluoride. And it's like, is not a
popularity contest. It is why we have experts. And although
experts at times can be found wanting, by and large
they are more knowledgeable than we are. Hence we rely
on them. Hence they're called experts, not counselors. Asking is

(43:33):
miss Levitt in the White House?

Speaker 20 (43:34):
A president just recently got off the phone with President
Zelensky of Ukraine. His truth is as follows. I just
spoke to President Zelensky of Ukraine. The conversation went very well. He,
like President Puhin, wants to make peace. We discussed a
variety of topics having to do with the war, but
mostly the meeting that is being set up on Friday

(43:56):
and Munich, where Vice President JD. Vance and Secretary of
Secretary of State Marco Rubio will lead the delegation. I
am hopeful that the results of that meeting will be positive.
It is time to stop this ridiculous war where there
has been massive and totally unnecessary death and destruction. God
bless the people of Russia and Ukraine.

Speaker 2 (44:17):
His truth is as follows, is that the new circle back.
Mike Wilson regarding Trump and the release of Mark Fogel.
Whether you love Trump or hate him, he gets things
done and he's true to his pre election promises, something
pretty rare in politics. So I'll tell you what if
he does nothing else. He looked moved. I mean Trump,
I've never seen Trump genuinely moved. He looked genuinely moved

(44:37):
last night when that guy arrived at the White House.
He looked like they all knew in the room that
they had done something significant. And it's one of those
moments that as a president that's uniquely presidential. It's not
about Congress, it's not about Senate, it's not about numbers,
it's not about bargaining. It's just straight up and down
presidential power and big time diplomacy to basically save somebody's

(45:01):
life because you made the promise to his ninety five
year old mother at a rally moments before you got
shot in the election campaign, and you delivered on it
within two and a half weeks. You've got to feel
pretty good about that. Privacy Commission has got some concerns.
I don't know if there's any specific thing here. I'm
going to ask him about that because I reader his
press release. He seems concerned about the rights of people

(45:23):
and renters and landlords and what they can and can't do,
but he doesn't provide any actual specific So we'll talk
to Michael Webster about that directly after the News, which
is next on the mic Hosking Breakfast here a News talks.

Speaker 12 (45:33):
He'd be.

Speaker 1 (45:35):
New Zealand's voice of reason is Mike the mic Hosking
Breakfast with Bailey's real Estate finding the buyers others can't
use togs headb.

Speaker 2 (45:44):
He should point out that ap it was announced yesterday
as and the Associated Press has been blocked from the
Oval Office because they insist on calling it the Golf
of Mexico and inside the Oval Office it is no
longer the Golf of Mexico and Google have confirmed this.
For American News is of course googled saying that it
is the Gulf of America and until the IP call
it the Gulf of America, they're not allowed back into
the Oval Office. Rumble has been allowed into the Oval Office.

(46:08):
They've been asking some random questions, but Caroline is continuing.
They were asked about this business of the courts and
the design generally, and the courts are stopping them from
firing a whole lot of local workers.

Speaker 20 (46:19):
Many outlets in this room have been fear mongering the
American people into believing there is a constitutional crisis taking
place here at the White House. I've been hearing those
words a lot lately. But in fact, the real constitutional
crisis is taking place within our judicial branch, where district
court judges and liberal districts across the country are abusing

(46:40):
their power to unilaterally block President Trump's basic executive authority.
We believe these judges are acting as judicial activists rather
than honest arbiters of the law. Quick newsflash to these
liberal judges who are supporting their obstructionist efforts. Seventy seven
million Americans voted to elect this president, and each injunction

(47:02):
is an abuse of the rule of law and an
attempt to thwart the will of the people.

Speaker 2 (47:09):
Ben Campbell is living the dream at the moment. He
was on the Asian tour still as a little bit,
but he's out of Coinstown, of course, But Ben Campbell
was filling in on the LIB tour last year and
has been picked full time this year. Came fifteenth the
other day and lives about money apart from anything else.
Came fifteenth, collected half a million bucks just like that.
He's an adelaide this weekend as the LIB Show comes

(47:30):
to Australia, so we catch up with him after eight
o'clock and give you an inside feel for what Livers doing.
Twenty ten minutes away from Privacy Commissioner got some advice
for landlords. Concerns have been raised around tenants, especially students,
being asked for personal information that hasn't legally required. The
Privacy Commissioner as Michael Webster, who's with us, Michael, morning
to you, good Mike. We're dealing with at the vulnerable

(47:50):
end of the market, people like students, people in a
rush and a hurry, things like that.

Speaker 21 (47:55):
Right, that's right. And we know that most landlords and
most tenants decent people and just want to do the
right thing to develop a good relationship. They both want
something from the other. But we do know that while
the majority of vandals care about tenants privacy, there can
be a lot of factors to weigh up when you're
considering what can be an avalanche of applications coming in,

(48:18):
and it can be tempting for landlords to over collect
personal information, to ask too much from applications from tenants
potential tenants.

Speaker 2 (48:29):
So what are the practical outworkings? Though? If you're full
of you young go I know my rights and I
you can't ask me that, then guess what? You're not
going to get the flat? Are you rightly your role there?
That's your outworking.

Speaker 21 (48:42):
So I guess there's a couple of things there. First
is that there are particular sets of information that landlords
can ask for and tends need to understand that as well.
At each stage of the tendency. If you're looking at
a property, landlords often collect name and contact details, So
if you're applying for the property, lands might ask for
things like proof of identity, questions about pet ownership, smoking,

(49:05):
that sort of thing. If you're shortlisted or offered the tendency,
the landlord can then ask for information to carry out
credit or criminal record checks and evidence of ability to
pay the rent. It's just asking for the right information
at the right stage.

Speaker 2 (49:19):
Is it better, generally in your experience that a rental agent.
They behave themselves because they're part of an industry as
opposed to just an individual landlord who may or may
not know what they're doing.

Speaker 21 (49:29):
Yeah, I mean, at the end of the day, what
we're wanting here is good privacy equaling good business. Get
the relationships right with the possible tenants from the very beginning,
and hopefully you'll have a long term relationship where your
property is cared for and you get the income coming
in that you want.

Speaker 2 (49:46):
Having said that, is this actually a problem because I
read your press release in the early hours of this morning,
there's not a single example given. It's just to generalize.
I woke up and here's a problem we might or
might not have. Is it an issue?

Speaker 22 (49:58):
We have had some in the past.

Speaker 21 (50:00):
So what we've done here is simply update our guidance
because we are heading into a time of peak rental
season activity. With their problems in the past with landlords
setting up, say, blacklists of tenants and including information on
those blacklists that they shouldn't include. That might be inaccurate,
it might be wrong, It might be in breach of

(50:22):
other pieces of legislation, even suppression orders.

Speaker 2 (50:25):
What happens when tenants leave your property and the garage
remotes missing. Who pays for that?

Speaker 22 (50:33):
So at the end of the day, as rental agreements,
at the end of the day, there are the bond
arrangements that are looked after in a much better way
now than they used to be.

Speaker 21 (50:46):
And I think your station reported the other day might
for example, some tenants were using a house as a
mess lab right and at the end of the day
they are the owners of that house. Took those people
through the tendency tribunal and got substantial damages. So there
are processors to protect landlords property through that their bond
process through the tendency tribunal.

Speaker 2 (51:07):
Good only Michel appreciate it very much. Michael Webster, Privacy commissioner,
Just Plessing Garrison mights that's all may or may not
have something to do with me. Eighteen minutes away from
ape pasking Mike, it's interesting the power companies put out
a statement now while the prices are holding up higher. Again,
let me come back to that's very good point. It's
so ironic that one and we raised this earlier on

(51:28):
this morning. The power companies suddenly need Huntley and what
does Huntley do? It's colon gas of course, so they
suddenly need power. The other story is the power prices
will be again elevated this year. And I read yesterday
from Japan nuclears back and back in a big way.
But I've got to get to the banks real quick,
because I said i'd do that ASB yesterday. Congratulations to them,

(51:49):
big fat profit. Oh we love it when the banks
are profitable, don't we. Seven hundred and sixty three million
dollars bad debt provisions are up, which I know. That's interesting.
Their net interest margin has gone up as well. What
a surprise. So they put their net interest margin up
from two point two to one to two point three
to zero, and all of a sudden they're making more money.
I wonder how that works. Meantime, across the Tasman the CBA,

(52:13):
they talked reasonably positively about the Australian economy and all
of that's fantastic. They made in profit for the half
year five point one three billion dollars their net interest margin.
Remembering that the New Zealand equivalent. Just let me remind
you of two point three to zero in Australia, it's

(52:35):
two point zero eight. So same bank, similar markets, different
profit margin. Seventeen to two.

Speaker 1 (52:44):
The Vic Hosking Breakfast Full Show podcast on iHeartRadio powerd
By News Talks.

Speaker 14 (52:49):
It'd be.

Speaker 2 (52:51):
Very, very good news from the government on foreign houses.
I tell you about that in just a couple of moments.
Back to mas Lebert, who's still going. He didn't interview
Trump prior to the Super Bowl with Britt Bear at Fox,
which is worth listening to himself. He said a couple
of things. I've featured one of them yesterday. He said
maybe the Ukrainians will become Russian one day and a
lot of people what's that mean. The other thing you

(53:12):
meet you was a potential deal with Iran, so they
want to know more about that.

Speaker 20 (53:16):
The President has made it very clear that he will
never allow Iran to have nuclear capabilities. That is a
red line that he has drawn and he will not
allow that to happen. But you asked why President Trump
wants to make a deal, I would remind you he's
the master of the art of the deal. He is
America's deal maker in chief. He leads from a position
of securing peace through strength, and I think time and

(53:39):
time again already in just four weeks we have seen
the President being able to negotiate successful deals with our partners,
our adversaries all around this world. The release of Mark
Fogel just last night is something that I think speaks
to the President's deal making ability.

Speaker 2 (53:57):
She's an echo lot, there's no doubt about that. So
here's this business desk yesterday, and this carries on from
what I think we got out of Winston Peter's on
Friday on the program. So reportages as follows. The Cabinet
has signed off a new set of rules for foreign investors.
The guiding principles of the new regime have been settled.

(54:17):
They're close to conclusion as well on the agreement with
New Zealand. First of allow wealthy migrants to purchase homes
in New Zealand at the five million dollar marc. So
we've been putting it to lux and Willis and Peters
for a while now. What we've heard is five to
six million. All there about that, remembering the National Party
policy was two million in the campaign, seemed to make sense.
Most people don't have homes worth two million dollars or more.

(54:38):
A foreigner might be interested, remembering of course that two
million dollars New Zealand is about seventeen dollars sixty five
British pounds. And so these people, you can't get them
to come to the country and luxn's work this out.
You can't get them to come to the country and
open businesses and invest and grow and employ people and
then rent a house. You just can't do it. It's stupid.

(54:59):
And I think even got across the line. Hence is
Mayor Culper on the program last Friday. Both policy announcements
will be announced at or before this Foreign Investor's Summit,
which is coming up in March. So I'm glad they've
got that across, and that means I'm probably going to
win my lunch with Andrew callaher who yesterday one of
the banks, I can't remember which one is still picking

(55:19):
growth in the real estate market. It's seven this year.
He thinks it's going to be below five with this
move and play, I think you're going to see more
seven than Andrews. So he's the one who's going to
be buying lunch. So we'll be looking forward to that.
Eleven away from eight.

Speaker 1 (55:33):
The Mike asking breakfast with the range rover Villa News
togs Head been.

Speaker 2 (55:38):
Like, what foreign investor is going to want to go
through what the McDonald's and Wanica went through as part
of it's a good point. And this is going to
Willis's speech today about supermarkets all today or tomorrow whenever
it is at the Whyekava It's about regulation. They've got
to get this under control. You can't And Peter Teele
was the example that Winston Peters gave. Tea wants to
build a lodge in Wonica. You can't have a lodge,
you can't have McDonald's. What's it about Wanica is wanting

(56:00):
to just like an empty open space, So have a hill,
have a lake?

Speaker 10 (56:05):
Could they market it as the town where time stood still?

Speaker 2 (56:09):
Despite the fact speaking of progress or lack of the
most contentious of plans is underweing Wellington the Golden Mile April.
It's starting new details show the first eight months includes
road layout changes, pipeworks and trees. Then it's two years
worth of work widening footpaths, adding cycleways, specialist bus lanes
and rain gardens which don't require watering anyway. The Business
Central CEO of Simon archisas with as Simon, very good

(56:31):
morning to.

Speaker 12 (56:31):
You, very good morning to you too.

Speaker 2 (56:34):
Make how I I'm well, thank you. Remind me you
four again this.

Speaker 12 (56:38):
For this in a sense that something has to be done.
If you've walked down courty placed in the last few years,
it's a pretty depressing side and it needs in. Kis
getting that way too, so we need to have a
lift the Again, that is the lack of conversation for businesses.
But no doubt we may discuss that.

Speaker 2 (56:56):
Why didn't we learn that lesson from the CRL in
Auckland where businesses have fallen by the wayside and everyone went, jeez,
we better do it better when we do it somewhere else,
and we're doing it somewhere else, we're not doing it better.

Speaker 12 (57:07):
Well, it's the lesson learners we're talking about the MIC.
I mean, I think in terms of and that's the
council and in terms of you know this aral. They
ended up with a twelve million dollar front. They were
that aware of the of the risks. It doesn't necessarily
all need to be spent, but you've got to make
sure that businesses they put it in peril and people's livelihoods,
their employees are protected. And this council isn't doing it

(57:29):
and it's not good enough.

Speaker 2 (57:31):
As an exercise from go to we're not at the
woe yet, but from go to when eventually the woe comes.
How would you rate this?

Speaker 12 (57:40):
Look, I mean, we're going away. We're talking about let's
get Willington moving the ghosts of and that was a
seven point two billion dollar fantasy, and we're down to
one hundred and thirty million to get to get the
two streets. George up a bit. Look to me, I
don't want to sound cynical because I am. I'm thrilled
they're going to be doing it, but it has been

(58:01):
a careening mess over time, and I just hope that
this can be delivered on time and on budget, and
that will be a pledge that we should help hold
all of those counselors for it to account as online, I.

Speaker 2 (58:14):
Wouldn't better lunch on it being on budget or on time.
Do you want to take that bet or not?

Speaker 12 (58:18):
Really, I think we're worth saving each other. Lunch that
way might because I think I'd be on the same side.
So I think, Look, I mean, these projects are big,
but I really do think those businesses out there that
will suffer to just say there is no money available
there actually, and often, of course we say that these days,
but there is money. The council collects eighteen million dollars

(58:41):
extra not rates, an extra levy from the businesses of
Wellington or Central Wellington, and that money is there to
be used for business. Is the purpose of the taxation
or the levy, and the reality is they're not spending
it on that and they need to and that is
what we will have a particular issue with publicly.

Speaker 2 (58:58):
Do you think outside of your wheelhouse, do you think
all of this angst of Wellington in the last year
or so is going to generate some good turnout in
the local elections this year or not.

Speaker 12 (59:09):
I think that I think that we will see some
motivated voters, ratepayers, and that's probably the one plea with
commercial and residential rutpayers to get out there and vote
because we had such fortune out. I think I think
we'll see some candidates who are really keen to make
a difference. And probably for me in this role, the
most motivated people about making the change are certainly That's

(59:34):
what I'm seeing much more of this year.

Speaker 2 (59:36):
So that's good, good, good, good, all right, Simon, good
to have you on the program as always, Simon Archias.
Business Central CEO Ben Campbell just wanted to get somebody
on this live thing.

Speaker 3 (59:44):
You know.

Speaker 2 (59:44):
When Live came along, we thought, oh my god, it's
the Arabs and the money and Greg Norman and the
PGA hates them and they hate the PGA, and where's
this going to go? And then there was a sort
of a merger. But what's that a all about? Anyway? Meantime,
Ben Ben Campbell, he suddenly picked up. He's in one
of the teams, Bubble Watson's team on Live, Living the Dream,
collecting all the dough? Is it all that's cracked up?

(01:00:04):
To be a look and to live? Shortly after the news.

Speaker 1 (01:00:07):
Good the Mike hos Game was in stateful, engaging and
vitally the Mic Hosking Breakfast with a Vita Retirement Communities,
Life your Way news togs had been it.

Speaker 2 (01:00:19):
Is seven minutes past eight. So I wanted to give
you this insight and to live Golf Winner to Rideberry controversial,
of course, it was backed by the soundings. It was
money raining down on every title. It's going to rip
the Game of Part all that sort of stuff. So
how's it actually unfolded? Where's it at? Kre we? Ben
Campbell plays on the Asian Tour. He got to play
live last year as a fill in. This year is
joined full time as part of Bubba Watson's Range Goats team,

(01:00:40):
and last weekend he came in, as I said before
the news fifteenth collected half a million bucks just like that.
So this week they're all in Adelaide. Anyway. Ben Campbell's
with us from South Australia.

Speaker 18 (01:00:48):
Good morning, Yeah, good morning to you. How are you
guys getting on listen?

Speaker 2 (01:00:51):
I'm really well now. Took me through this whole experience
live before. What we your thoughts live now that you're
in it. Yeah, I know.

Speaker 18 (01:00:59):
I think last year I was lucky I was a
reserve out here and yeah, I think it's definitely you know,
the events are different to you know, I think you've
got to go to them in person see what they're like.
This this week here in Adelaide's going to be amazing.
But I think, you know, it's I think definitely being
part of it now this year being member of the

(01:01:20):
range Goats, it's it's definitely a cool experience and really
looking forward to this week.

Speaker 11 (01:01:25):
It's. Yeah, I'm really excited for the year.

Speaker 2 (01:01:27):
As it turned out the way you thought is the
sort of golf. You thought the crowds, you thought the competition,
you thought it was a bit different.

Speaker 18 (01:01:33):
Yeah, I think it's very much the same. It's it's growing.
It's definitely getting bigger and bigger. I think, you know,
from even from last year, even just being a reserve
that the events at the start of the year to
the to the last few events, I think, you know,
like the crowds have got bigger, just the whole following
had got a lot bigger, and you know, and and

(01:01:55):
Liver it just producing such a good problem. They're getting
better and better and better at every event, and which
is exciting. And you know, we come back here to
Adelaide this year and you didn't think anything could have
got bigger, bigger than it had, but like the grand
stands are bigger here. I think there's five thousand more
people a day. So yeah, I think it's just one
of those it's you know, growing as it every year.

Speaker 2 (01:02:17):
Really, what's its success or your view of its success.
Is it people turning up to see individual golfers or
golf teams or is it just a like like a
well marketed thing that you know, you get entertained by.

Speaker 18 (01:02:30):
I think it's a bit of everything. I think one
thing I really liked last year being reserved. I got
to see some things probably the players didn't quite yet
to see.

Speaker 11 (01:02:40):
I just enjoyed it.

Speaker 18 (01:02:42):
The kids coming out, Like I feel like parents taking
kids through golf tournaments. It's tricky, you know, like trying
to keep kids quiet and things like that is always difficult.
Where out here the music's going, it doesn't really matter
if a kid makes a noise in someone's backswing. The
music sort of drowns it out. It's it's definitely a
different experience. It's it's different to your standard golf tournament.

(01:03:05):
You know, there's there's definitely people here that they might
only see a couple of golf shots, you know. But
it's like, you know, people go to the horse racing
and have a great day at the horse races and
and sort of, you know, see a few shots. But
I feel like it covers for every Everyone's got sort
of an option that people can watch every golf shot.
People can sort of listen to some music, watch a

(01:03:26):
couple of golf shots, and yeah, it's different, and it's
and it's targeting a different market.

Speaker 2 (01:03:31):
Does that diminish the game? In your view? You know,
as a guy who's swung a club as whole life.

Speaker 10 (01:03:36):
No, not to me.

Speaker 18 (01:03:37):
I think you know, you look at the golf since
COVID in New Zealand, like the amount of young people
getting into golf. If if we can have people that
have never been on a golf course before come out,
enjoy the time here and and then really you know think,
oh well, golf sort of, I might actually give it
a go. If we can get more people playing the game,
then to me, surely that's got to be a good thing.

Speaker 2 (01:03:58):
And does that counteracted because when you know, when Live
came along, it was that animosity, big scrap. But what
they argued was you need big names, more names, Tiger Woods,
John Rahm, whoever. It's not going to succeed. Are you
saying it is succeeding in and of itself?

Speaker 11 (01:04:13):
Yeah?

Speaker 18 (01:04:13):
I think you look at watch the cards this week
and you know, and and see it like it's an
amazing week here in Australia. People come from, you know,
all over Australia. The amount of Kiwis that have come
over this week is amazing. So you know, you've got
some of the biggest names in golf. You know, obviously
Bryce and Brooks, Jon Rahm. You know, there's some amazingly

(01:04:39):
big names here and you know here in Australia it's
definitely taken off.

Speaker 2 (01:04:43):
So that pathway, I mean, where where's it at? I mean,
do you guys still talk about it? Do you talk
about the PGA and the other tours. Is there's still
that sort of that animosity or is that all settled down?

Speaker 18 (01:04:55):
I suppose it's sort of different from me coming from
the Asian Tour, like the Asian two has been backed
by liv Golf for the last I think it's three
years now, so I think from coming from the side
of the world, it's I don't think it's sands so
much that way. I think if you're in America then
it's it's probably still a little bit that way, but
it's I think it's definitely getting better.

Speaker 2 (01:05:15):
What about the pathways, I mean, announced into the Open,
into the Master of if Live can get in, if
you can get to the big ones through live that way,
as a player, does that change everything potentially?

Speaker 11 (01:05:26):
Yeah? I think that's that's huge.

Speaker 18 (01:05:28):
I think you know, if you see what's happening, you know,
and that then all those sort of majors giving spots
now it's it's definitely awesome for live, it's great for
the players, and it's just you know, it's a sort
of win win for everyone, and I think it just
shows that it's probably getting seen now at that level.

Speaker 2 (01:05:49):
Good to hear. Hey, listen, hold on, we'll talk about
the team side of the whole equation. Just a couple
of moments, Ben Campbell and Adelaide for us this morning,
living the Live Dream at is twelve past eight.

Speaker 1 (01:05:58):
The Mic Husking Breakfast All Show podcast on iHeart Radio,
Call It by News Talks, A.

Speaker 2 (01:06:04):
B News Talks, A sixteen coming up sixteen past day.
Ben Campbell's in Adelaide for us to delive event this week,
and now listen your part, as you mentioned, part of
the Range Goats, the team, the Range Coats team itself,
the team concept. I mean, is it necessary, does it work?
Does it bring a different sort of element to it?

Speaker 11 (01:06:20):
Yeah, it definitely does.

Speaker 18 (01:06:21):
I think I hadn't sort of obviously obviously you know
last week from my first time planners as a team member,
I'd obviously field in a few times, but like being
part of a team, it was quite interesting on the
last whole obviously had a part for Bertie and I'm
trying to make it. But I looked up I saw
we were one shot off second, and I was like, okay,
I got it.

Speaker 11 (01:06:40):
Really gotta knuckle down. And I actually did think of
the team.

Speaker 18 (01:06:43):
I thought like, let's be cool, we try and hold
us and get us into tide second and sort of
was lucky to lucky to do that and made the part.
So yeah, I think it just gives a different perspective
on it, and it's and it's good. It gets you know,
people following teams. Yeah, and I think it's it's it's
definitely a good thing.

Speaker 2 (01:07:03):
What about the money you win half a million dollars?
Has that changed? I mean, the whole thing about liv
was look at the money. I mean, is winning half
a million dollars as you did for coming fifteenth? Does
that change your view of it?

Speaker 13 (01:07:16):
No?

Speaker 18 (01:07:17):
Not for me, not really, I think, don't get me wrong,
it's like great, but it's I think after what I've
gone through with injuries and things like that, it's it's
not so much the money. It's if I wanted money,
I would have been doing something else a long time ago.
But it's yeah, I think I think out here it's
great for me. You know, I'm playing against some of

(01:07:38):
the best players in the world. Jon Rahm, you know,
you're playing practice rounds in tournaments. You know, Bubba Watson's
my team captain with you know, asking those guys some questions.
I remember last year heading bunk shots with bryceon when
we were struggling with the same shot and you're sort
of talking different ways how to hit it. Like, he's
one of the best players in the world. So I think,

(01:07:58):
you know, from someone coming from New Zealand, you know,
being able to have that opportunity now to learn from them,
you know, it's only going to do my goalf a
lot a lot of good.

Speaker 2 (01:08:08):
Do you really learn from Bryson given he's so weird
and he makes it all up.

Speaker 18 (01:08:13):
He's just like he's got all the numbers behind it,
and he's sort of he's you know, he does it
very different compared to a lot of the guys out here.
But yeah, I think, you know, he's definitely you want
to see him with us. He's got like his flight
scope out here, he's heading shots from the rough to
know what the spin does and things like that.

Speaker 11 (01:08:33):
He definitely goes about a different way. But it really
works for him.

Speaker 2 (01:08:36):
What about the psychology of the money in the sense
that you enter a weekend knowing you will win something,
Does that change your approach as a player or not?

Speaker 11 (01:08:44):
No, not really.

Speaker 18 (01:08:45):
You know, you're still trying to just finish up as
high as your high as you can, and you're still competing.
You're still everyone's still trying to win. And I think,
you know, that's the thing out here that probably last
year what surprised me was how hard the guys are
working out here. You've got, you know, a guy like
Phil Nicholson who's, you know, obviously coming near the end
of his.

Speaker 11 (01:09:05):
Career, but how hard he still works.

Speaker 18 (01:09:07):
You know, we talked about Bryson just before, but you know,
Bryson's sometimes the last person on the range, you know, grinding.

Speaker 11 (01:09:14):
You know, it surprised me last year.

Speaker 18 (01:09:16):
You wake up early and go to the gym and
the guys that are in there, you know, there's still
a lot of fight, you know, and the guys really
do want to play well.

Speaker 2 (01:09:23):
And is there what be camaraderie about living that sense
we're you know, we're the live gang. We hang out together,
we get on together. Or is it's still a very
individual sort of sport with egos and personalities.

Speaker 11 (01:09:34):
No, I think that's definitely been one thing.

Speaker 18 (01:09:37):
You know, I think especially at the start, those guys
that came out here, but you know, I've felt so
welcome out here.

Speaker 11 (01:09:43):
The guys have been amazing. You know.

Speaker 18 (01:09:45):
I think I had to interviewed a couple of days
ago and told a story like my first event last
year in Mexico, just the mounted guys. I didn't know anyone,
the mount of guys coming up welcome you. Hey, if
you need anything, just let us know. Yeah, that's been
the one thing. You know, the guys that I've always
looked up to my lafe in the golfing life, and
then they're coming up and and helping out.

Speaker 11 (01:10:08):
Was it was pretty pretty surreal.

Speaker 2 (01:10:10):
So I think, you know, think about it from a
business point of view as a startup. So you got
Greg Norman in there early, all those guys as a business,
as an idea, as a launch. Is this or has
this been as good as it gets?

Speaker 11 (01:10:22):
Yeah? I think it's just it's growing.

Speaker 18 (01:10:23):
You know, It's like a small business that starts up,
and there's the learning. There's that they're employing more people
and the events are getting bigger and bigger.

Speaker 11 (01:10:34):
So yeah, I think I can't.

Speaker 18 (01:10:36):
It's not going to go away, and I think it's
it just seems to be getting stronger and which is exciting,
and it's it's great to bring golf to some parts
of the world like this, you know that haven't had
a lot of a lot of big events. Okay, we've
had the Australian Open, but they have fifty four of
you know, some of the world's best players coming down
and that, you know, it would be great. Hopefully we

(01:10:57):
maybe get one in New Zeland one day exactly.

Speaker 2 (01:10:59):
By the way, have you seen is TGI golf?

Speaker 18 (01:11:01):
No, I haven't sort of seen too much of it.
It was I was in America at the start of
the year when it was just kicking off. But I
actually I've just seen a little bit of the stuff online,
but I haven't sort of seen too much of it, so.

Speaker 2 (01:11:11):
I don't get it. I mean, I watch you on leve,
I watched the PGA. I like all of that, But
then do I enjoy watching you know, guys smack a
ball into a wall inside a stadium and then they
put on a g I mean, is that interesting?

Speaker 11 (01:11:23):
Yeah? I suppose it's just going to be time. Time.
You know, time's going to tell if it's if it's
going to take off off or not.

Speaker 18 (01:11:28):
But I suppose they're trying to trying to do something different,
try and get you know, some of the people that
might not watch golf.

Speaker 11 (01:11:36):
I'm not you know, I'm not too sure.

Speaker 2 (01:11:37):
So do you have been talk to me about the year?
You got it all lined up? Are you excited?

Speaker 11 (01:11:41):
Yeah, it's going to be. It's definitely busy. Like the
live schedule.

Speaker 18 (01:11:44):
We we've got fourteen events from well thirteen more from
now until till the twenty fourth of August. So obviously
i'll play play that and then I'll I'll finish off
the year with a little bit of sort of the
International series on the Asian Tour and try and qualify
for a couple of majors.

Speaker 11 (01:12:01):
So, you know, it's great.

Speaker 18 (01:12:02):
The New Zealand Open having the British Open spot this
year is going to be awesome. So you know, that
was great news to get announced just a couple of
days ago.

Speaker 2 (01:12:11):
Yeah, exactly. Hey, listen, Mat go well this weekend and
for the season. Good to have you on the program.
Appreciate it very much. Ben Campbell, New Zealand delivering the
dream on the Live two eight twenty one the.

Speaker 1 (01:12:21):
Mike Hosking Breakfast with Bailey's Real Estate News Dogs.

Speaker 2 (01:12:25):
They be no no, do, no doubt. Amiga three from
you know, the fish oil. That's one of the best
supplements you can take. But most of what we see
in the shops their stock standard products, which is where
less does oil from. About Health is different because Lesters
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(01:13:29):
Like I love top quality sport and watching top golf
on the TV and the concept of genuine competition meaningful
think about live at least in New Zealand, it's invisible
so can't relate. It's not a bad point. They do
put it out or pump it out. You can't get it.
I mean you can't do it on the television. They've
got broadcast issues, but they do pump it out. You
can watch anything anywhere you want these days. Can you explain, Mike,

(01:13:49):
delve players plan the PGA. No, we're only on their
own tournaments. The link that he was making there is
that for the Open, the Open, as in the British
Open and the Master, there's now a pathway. So in
other words, you can be a live player and still
get a pathway through to the major tournament. So sort
of that's where this merging is coming together. Mike, I
was watching Parliament Question Time yesterday listening to the questions,

(01:14:11):
particularly from Barbara Edmonds and Chris Hopkins, trying to square
up the state of the economy at the feet of
the current government. It's like they have selective adnesia. No,
it's not. It's a deliberate and I've mentioned this on
the program several times. It's a deliberate and so far
successful political tactic that obviously the government knows. And if
you listen, if you were watching that and you saw
Nikola Willis's answer, it's got right under her skin and

(01:14:33):
they're sick of it. But it's a game they play
in the hope that there are at least some people
who believe that this past year and its economic problems
are at the feet of the government, not at the
feet of the labor government twenty twenty through twenty twenty three.
And it's the classic thing what they're hoping will happen
is the more they say it, the more people will

(01:14:54):
believe it. It's a game, and the trick is not
to fall for it. Rod Little is in Britain. He
has will Us directly after the news, which is next
her news talks, edb.

Speaker 1 (01:15:08):
News, opinion and everything in between. The Mic Hosking breakfast
with the range rover villa designed to intrigue and use
togs headb just.

Speaker 2 (01:15:18):
On the news today that the power companies want to
get together and try and cut some sort of deal
on Huntley to keep Huntley alive. This is coal and gas,
of course, so that's a realization that we are not
at a place in this country or anywhere close that
renewables are going to do the job, which then dovetails
into the banks, also in the news once again today,
who are being recalled by the government to appear in

(01:15:40):
front of Select committees to explain what change James would
call their woke policies around coal mines and doing business
with them. Which brings me to a very interesting article
I read yesterday that quotes the guy Higgins, Dan Higgins,
who's the chief executive the B and Z, who was
in front of a Select committee earlier or late last year,
and he was explaining that it's not really about coal,
it's not really about climate, it's about credit and credit

(01:16:04):
risk and exposure to risk. Now, let me come back
to that in just a couple of moments, twenty three
minutes away from.

Speaker 1 (01:16:08):
Nine International correspondence with Insigneye Insurance peace of mind for
New Zealand business and.

Speaker 2 (01:16:15):
In Britain, Ron Little, very good morning to you, roder ricking,
good balling to you mate. Now, the other day you
were regaling us with the chicken nugget stories and all
the people who should be booted down in the country.
But all the all the reasons they gave as to
why they can't. I know in PMQ's that even starmer now,
except that a few of the excuses might be a
little far fetched. I take it the some political fallout
for a person like him.

Speaker 9 (01:16:36):
Well, well there is. And we've had another one, which
is it's of a woman from Grenada in the Caribbean
who has been here illegally for eight years and they've
tried to kick her out and she's said she can't
go because her husband, since she married, is from Latvia
and she would be he would be discomfited by the

(01:16:57):
Caribbean cuisine, which is, as you know, like quite quite
spicy in many cases, and he would not like that.
And you know this is coming day by day. Those
ones I told you about were all true, and they
were all within the last week. And then we get
a judgment from a court which says that cards and

(01:17:19):
refugees can come here and it's it's going to be
that it's going to be a really big story over
the next eight weeks.

Speaker 2 (01:17:29):
How is there a number or is there? How does
it unfold?

Speaker 9 (01:17:36):
Well, Elijah Baras says, the six hundred thousand illegal immigrants
in London at the moment, I can dispute that I
don't have the figures to hand. We know that more
and more come every day and there is no there
is no way of getting rid of them because these

(01:17:56):
judges simply will not deport. And we've already heard Starmer
say that the judge in this case of the Guardsans
who want to come here the Palestinians got it wrong.
They all get it wrong. So kir get rid of them.
You know, we need to change in the way we
do this because otherwise, you know, British people have been

(01:18:18):
incredibly tolerant and are happy to sort of rub along
with whoever comes in. But this is pushing it. You know,
this really is pushing it. At the moment.

Speaker 2 (01:18:30):
Speaking of court, their Mark Raley was showing some exasperation
yesterday the court decision that an officer accused of right
could not be dismissed because the process was fundamentally unfair.
Do these judges, broadly speaking, just uphold the law or
are they interpreting the law?

Speaker 9 (01:18:48):
No, they're interpreting it. I mean, I think this is
really important, Mike, And it comes back to what we
were talking about previously. The lawyers and the judges and
everyone will point to the European Court of Human Rights,
they will point to the European Convention on Human Rights
and say that this is where it all comes from. No,
it doesn't. There is no question that when the ECCHR

(01:19:12):
and the European Convention of Human Rights was drawn up,
people thought the chicken gets would be something sufficient to
allow to allow someone to stay in this country. It
is the way it is being interpreted. And that's true
of the gods and saying it's true of the rape issue.
It's true of everything we've seen. It's the problem. It's

(01:19:33):
the singer, not the song.

Speaker 2 (01:19:35):
Yeah, exactly. As regards the war, we've been focusing a
bit on that this morning, and Trump and the whole thing.
But so JD's there in Europe at the moment, Higgs
Seth is there in Europe at the moment, Your bloke,
John Healey's Secretary of Defense. Listen to what he said.

Speaker 23 (01:19:49):
Presidents Zelenskian President Trump have both spoken of their desire
to see peace through strength and the commitments made do
the UDCG provide the collective strength that we need to
achieve that piece.

Speaker 2 (01:20:06):
So when he says what's the extra, what's he talking about?
What do we mean? Where does Britain stand on all this?

Speaker 9 (01:20:13):
I don't think he knows. And don't forget that John
Heathy is probably the best of our cabinet ministers at
the moment. You know, he is a competent human being,
and thank god it wasn't David Lammy. There we are.
We are rather marooned, but no more maroon than the
rest of Europe, and possibly less so in what to

(01:20:33):
do about what to do about Ukraine and Trump. We've
heard from hexas excess that there is going to be
no that there will be a resolution, and that Ukraine
will obviously lose some land, and that in the meantime
NATO has to shape up its act and Europe has

(01:20:55):
to police whatever peace settlement comes about and also raise
up it's spending. Because Trump is more worried at the
moment about China than he is about Russia, and this
is something which is a real problem for the labor government.
It's probably not as much a problem for the labor
government as it is for some in the rest of Europe,

(01:21:19):
where we do spend the right amount of one you're
close to at least, whereas countries like Spain, Italy and
some pay virtually next to nothing. But it's it's a
siren call for us to wake up and understand that
we have to pay for our security in a way
that we haven't heard for decades.

Speaker 2 (01:21:41):
Good to Dold, you might well catch up on next week.
Appreciate it Tuesday and Thursday for Rod Little Out of
Britain seventeen Away from Theme.

Speaker 1 (01:21:49):
The Mike Asking Breakfast Fall Show podcast on iHeartRadio powered
by News.

Speaker 2 (01:21:54):
Talks It be Mike. The Huntley News is great risk
management decisions based on blackout risk, not the green vibe.
And a realization that New Zealand renewable generation is in
the high nineties. It's a very good point you raised,
because look at Australia it's thirty something percent. We're mostly
we're renewable already for goodness sake, and that's the hydro.

(01:22:15):
But that's the problem with the hydro because the lakes
aren't particularly full at the moment. Hence the warning this
morning that the price is going to be elevated yet
again for winter. Yet again, in the middle of winter,
they're going to roll out those warnings that busy, don't
turn on the lights, don't heat your soup, don't turn
on the heater, turn off your electric blanket, all the
usual Bollockser than twenty twenty five, we wouldn't even be
dealing with. But back to the bank. So the b

(01:22:37):
N zaid, and this very good piece of work. I
was reading a news room yesterday. It's the counter to
the Shane Jones woke banks row. So in other words,
they're saying they're not work. So this guy Higgins Huggins,
rother Dan Huggins, who's the head of the b N said,
here's in front of the committee in December. He is
coming back very shortly. We've looked at our exposure to
petrol stations, and then we look at the long term
future of those businesses, recognizing that we would expect that

(01:22:59):
they're going to see conversion to electric vehicles demand change
for fuel services. Well he's wrong in that, isn't he
he's and what they're saying is they're not hiding behind Paris.
So the Jones argument as they sign up to a
climate change deal, and because they've signed up to that,
they're happy to see a business, a legitimate New Zealand business,
run into the ground. They go, no, no, no, no, no,
it's about risk. We don't want to expose ourselves to

(01:23:21):
the risk. They have. I think it's one hundred years,
one hundred and thirty two million. Their exposure to petrol
stations is one hundred and thirty two million dollars worth
of business and they don't want anymore. Now, that to
a degree is fair enough. But to then go, well, look,
it's not about climate, it's about the business model. And
we're looking at petrol stations and we're seeing this mass
conversion to EV's and they're not going to be able
to sell petrol anymore. Well, that's just straight up and

(01:23:42):
down wrong, because we all know the story of evs.
Evs are not a success story. They're not taking off.
The amount of petrol being sold is not dropping dramatically.
Petrol stations are not going out of business. And if
we've learned anything in the last two or three years
about the soak called global conversion to EVS. It isn't happening.

(01:24:03):
It's hit a massive roadblock, and there are manufacturers, in fact,
virtually every manufacturer of cars in the world has backpedaled
dramatically on where they're heading with EVS, and they're freaking
out in places like Britain and Europe where the rules
are ridiculous and government's made decisions about how you can't
make in bust Indian engines past twenty thirty In Britain
they've already extended out to twenty thirty five that'll be

(01:24:23):
extended out into the never never, And they don't know
what they're going to do because they've tooled up for
EVS and they've invested billions for evs and they can't
make them because no one wants them. And that's happening
literally all over the world. So when the bank tone
up and go, ah, well we're seeing conversion of EV's
and so petrol stations are dead, it's wrong. Simply not
in our lifetime is that going to happen. Then I

(01:24:44):
come to Fokashima. So I'm reading about Japan yesterday. Now,
when Fokashima happened, the world, of course, for obvious reasons,
completely and utterly panicked and they turned off a whole
lot of their rum stations. They had fifty four nuclear
reactors and those reactors provided thirty percent of Japan's energy.
Only four of those who have been switched back on nay.
Now it's gone from thirty percent to nine percent. That

(01:25:04):
was theirs of twenty twenty three. But new Strategic Energy
planned this week that's going to set a target for
nuclear to provide twenty percent. So it's going to go
from nine to twenty. And why is this well, climate change,
energy security, rising demand, industry encouragement, all helping push nuclear
back on the agenda. Is nuclear good for the environment?

Speaker 8 (01:25:23):
Yes?

Speaker 2 (01:25:24):
Can data center operate on renewables?

Speaker 13 (01:25:27):
No?

Speaker 2 (01:25:28):
So is nuclear a genuine bona FID the option?

Speaker 9 (01:25:31):
Yes.

Speaker 2 (01:25:31):
So it's back on the table and they're having the conversation.
And yet we, of course we're asleep at the wheel.
We won't and so the data center dream will go
nowhere and we will be forever issuing warnings in the
middle of winter that you need to keep your electric
blanket on two not three because the late levels are
low and we don't have enough power.

Speaker 1 (01:25:49):
Turn away from nine, the Mic Hosking Breakfast with a
Vita Retirement, Communities News, togstadbs.

Speaker 2 (01:25:55):
Now the first Wonderful Wednesday game is live. Dropped yesterday,
big questioners. Have you played yet? So if you're a
New World club card member, there's still time to play
because all you need is the New World app and
you've got until midnight next Tuesday to play. And here's
what's up for grabs. A share of one million dollars
worth of rewards. So you've got New World dollars or airpoints,
real rewards, real winners like you. In fact, there already

(01:26:16):
sixty two hundred people have won prizes and you can
be next, but only if you play. So think about that.
How often do you get a shot at a million
dollar prize bull of rewards? So do not miss out.
Hit to your app store search for New World, download
the app, get in the game Wonderful Wednesday, one million dollars,
one chance to spin and win each week. Asking the
Split ends art picture painting for sale. It was commissioned

(01:26:41):
as a rapper und cover. This is Split ends as
nineteen seventy nine Frenzy album and this is for sale
for the first time in forty years. It's oil on canvas.
It features the six band members. It's in front of
an old tin shed on a Hawk's Bay farm. Name
of the song really, isn't it? Front of a tin
Chad and hawks beef for one thousand acres.

Speaker 22 (01:27:04):
It's cool.

Speaker 2 (01:27:06):
Webs have got it. It's a ray Wyn Turner.

Speaker 10 (01:27:10):
She was commissioning Jason to register you for another option house.

Speaker 2 (01:27:13):
No, I'm just wondering if i've you know, got a
bit carried away with myself on the Humphreys thing. The
Humphreys thing, by the way, is tonight. It's overnight, Barry Humphreys.
If you're not following this increasingly lengthy and boring.

Speaker 10 (01:27:26):
Story, you now go after getting Jason to register you,
you're now going to get him to actually bed for
you as well.

Speaker 2 (01:27:34):
I think I'm going to have to.

Speaker 10 (01:27:36):
I mean, you'll know, here'll be are because we'll be
busy watching mister Beast exactly.

Speaker 2 (01:27:41):
Anyway, the Webs thing that twelve to twenty two thousand dollars.
If you want a bit of New Zealand music slash
art history. Anyway, I'll come back to my Humphrey story
tomorrow because it's all happening overnight. It could go really
well for me, or it could be a complete another
disaster and I might well be separated from my wife
five minutes away from nine.

Speaker 1 (01:27:57):
Trending now as well, the House of Fragrances now.

Speaker 2 (01:28:02):
Part of the Trump thing is there. After the spooks
through after the conspiracy theories, there's one called Anna Paulina Luna.
She's been put in charge of the team quote revisiting
federal secrets. She's going to be looking at nine to eleven, Epstein, Kennedy,
Luther King all but anyway she's going to she's starting
with JFKA And here's what she sounds like.

Speaker 13 (01:28:25):
I can tell you based on what I've been seeing
so far. The initial hearing that was actually held here
in Congress was actually faulty in the single ballt theory.
I believe that there were two shooters, and we should
be finding more information as we are able to gain
access into the skiff, hopefully before the files are actually
released to the public.

Speaker 2 (01:28:43):
Two shooters? Were they both on the Grassy knol or
different grassy knolls? How many grassy knolls? What have you heard?
I've heard eight grassy knolls and one came from space.
The new knowledge and credentials were called into question because
of this.

Speaker 13 (01:28:55):
Based on what we're actually looking to do with the
Jeff can investigation, I'm looking at to actually bring in
some of the attending physicians at the initial assassination, and
then also people that had been on the various commissions
looking into, like the Warreant Commission looking into the initial assassination.

Speaker 2 (01:29:09):
That's a very good So she's onto it. She's going
to bring some members of the Warren Commission. And now
that's going to create a mess because they're going to,
I assume, have to dig them up because they're all dead.
Every one of them is dead. The last one died
in two thousand and nine.

Speaker 10 (01:29:23):
So what about the attending physicians that she wants to
bring in.

Speaker 2 (01:29:27):
Maybe some attending physicians, Maybe they don't need to dig
them up anyway, So the Warren Commission, they're all dead
and have been there for a very long time, so
she won't be bringing them in any time soon. I
personally wouldn't mind seeing the Epstein files. I reckon, there's
I reckon, there's a few names on there that Now
what does he say? All hells are going to break loose?

(01:29:49):
That's the one I'm into. I'm absolutely convinced.

Speaker 10 (01:29:51):
That No Traveler, though we'll have to get out of
the black mark Ara and redect that probably some of
those names might be quite closely.

Speaker 2 (01:29:59):
Let's no, not him, No, not him, Big Donut, no,
no good Block, no good man. Back tomorrow, Happy Days.

Speaker 1 (01:30:11):
For more from the mic Asking Breakfast, listen live to
news talks it'd be from six am weekdays, or follow
the podcast on iHeartRadio

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