Full Show Podcast: 17 October 2024

Episode Transcript
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Speaker 1 (00:01):
Your trusted source for news and fews, the Mike Hosking
Breakfast with Bailey's real Estate, your local experts across residential,
commercial and rural news talks.

Speaker 2 (00:12):
He'd be honing in one Come to day, the paynouncementers film,
the inflation number and the economic implications around at Wellington
Council d day, new divorce laws been passed to acc
They're in the whole to the tune of seven billion.
And you know who's going to end up paying for that.
Tony quinnin of pet food, Come motor racing fame and
for an inspirational word after right, We're going to go
to Italy with Joe and Britain with Rob Hosking. Welcome

(00:34):
to the day, seven past six. Looks like the adults
have arrived in the room, Thank goodness, and what history
will show was one of the more alarming of many
alarming moves made by the Labour government of twenty seventeen
through twenty twenty, more specifically twenty twenty through twenty twenty three,
was the idea that if you didn't have a job,
we could pretend that we wanted you to get one,
but if you didn't get one, nothing really happened. It
was sort of based on a similar line of thinking

(00:55):
that if you let a lot of people out of jail,
they'd be grateful and turn into good citizens. The job's
madness manifested itself when the borders were closed, of course,
and lord knows how many people would needed for basically everything,
where employers all over the country were screaming out for workers,
and there they were a couple hundred thousand of them.
But miraculously those without a job couldn't seem to be
connected to those who wanted to give them money for

(01:16):
turning up to do one. What made it more mad
was the term job seeker was a specific title given
to those who were assessed as being work ready, as
in ready to work. New day, new government. While they
saw all this for what it was, implemented the traffic
light system. You get to read your benefits cut now.
The people who didn't mind you not having to not

(01:36):
work didn't like that. They thought it was mean. Well,
new data, not en up data to call it a
fix or a solution, but certainly enough to suggest it's
working and we're on our way back to normalcy. In August,
the number of unemployed who failed to make their obligations ie.
Turn up, have an interview, get out of bed, make
an effort. Were seven four hundred and ninety one astonishing
to think that even when there's a threat, there are

(01:59):
still people who can be bothered anyway, That number's gone
down for six nine hundred and seventy five. Actual sanctions
have dropped also, from two hundred and sixty eight to
forty six hundred and sixty two, both moving in the
right directions. Still too many shirkers, of course, But the
lesson here is people, sadly, if given enough rope, seem
to want to hang themselves. Some people are just bludges

(02:20):
and they need to get that there are consequences. So
let's hold out for ensuing month's data. But fingers crossed,
it looks like a bit of tough love is working.

Speaker 1 (02:30):
Who would have thought, why news of the world in
ninety seconds?

Speaker 2 (02:35):
Oh us? Have you not up with us? Have piled
pressure on Israel and told them to basically get it
together in the aid department in Gaza or else the
fly of weapons might be an issue. UK tend to agree.

Speaker 3 (02:44):
Families in Gaza are facing a second winter with even
less resilience and fewer resources. This is unconscionable. Israel must
comply fully.

Speaker 2 (03:00):
There's also another Emergency Security Council meeting a lot that
Altric's wearing a bit thin.

Speaker 4 (03:04):
This council has an important role to play. But ultimately,
as I have said previously, actions on the ground, more
than discussions here in New York are what will bring
real progress.

Speaker 2 (03:18):
As far as the U. As Rice goes, Donald has
stopped swaying to the music and set down to talk
to the women of Georgia.

Speaker 5 (03:23):
The border was the safest it ever was in the
history of our country. We had the fewest number of people,
we have the least amount of drugs. Everything was human trafficking,
which is now twelve times higher than it was. And
it's trafficking, I hate to say this, mostly in women.

Speaker 2 (03:39):
But also in Georgia. And judge is ruled on hand
counting ballots. This is seen as a win for the Deans.

Speaker 6 (03:44):
We're seeing a lot of success by these plaintiffs in Georgia,
and the judicial branch there seems to have absolutely no
patients for these chananigans.

Speaker 2 (03:54):
In Britain, specifically Newcastle, we have another of these houses
that's gone and blown up.

Speaker 7 (03:58):
We are working with our partners under Community to ensure
all those who may have been in the area at
the time off say. An investigation is ongoing to establish
how the explosion occurred.

Speaker 2 (04:11):
Seven year old boys did, six injured and more proof
nuclear is back and we should really get on board
with us. By the way, Amazon like Oracle are going
to drive their data centers using nuclear power. And guess
who was first to read this trend.

Speaker 8 (04:23):
China absolutely has the edge.

Speaker 9 (04:25):
They built seventy two nuclear reactors in the last decade,
in the same span that the planet ju in Georgia
and one in Europe.

Speaker 2 (04:36):
Finally, office worker in Leeds has won a compensation or
some compensation after her recruitment boss refused to say hello
to her three times when she arrived at Wich. So
this is the Leeds employment tribunals found. It was all
part of the scheme to force the woman out. It said,
while not saying hello was not fundamentally a breach to
the contract, it was a contributing factor to a breach
and if it continued, was likely to undermine trust and confidence.

(05:00):
They yet to figure out what sort of conversation you
get where nobody says.

Speaker 8 (05:03):
Hello to you?

Speaker 2 (05:03):
News of the world in ninety. Not good in the
airline industry at the moment, so you can't get a
plane for love nor money. Boeing of course announced huge
layoffs this week because that mar their people are on
strike anyway. Airbus obernight, they're cutting two and a half
thousand jobs. That's mainly in defense and space. But nevertheless,
if you take that two and a half and add
the seventeen thousand that bowing, there's twenty thousand jobs in

(05:24):
aviation just this week and it's only Thursday, twelve past six.

Speaker 1 (05:31):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 2 (05:36):
Talks ab Nikola willis after seven on hour. Inflation rate
Thailand Central Bank overnight. Those surprised everybody. They cut their
cash rate twenty five points down to two point two five.
No one saw that coming. But on the inflation front,
it's crashed in the UK and that will mean the
b B is definitely going to move next month. There
was some sort of question mark as to whether they
would or not, but I think this is sealed it now.

(05:56):
It's gone down to one point seven in September, everyone
thought about one point nine core inflation three point two
pounder is down, so we'll stand by for their move.
Fifteen past the money j my loved Andrew Keller had
good morning, very good morning, Mike. You important the point
and not only came down, so we went yeah, but
at the lower end, wasn't it. That's right?

Speaker 10 (06:17):
So do we celebrate? I mean, is it too early
to celebrate? Is the job done? I mean, I suppose
there's quite a lot of questions that come out of yesterday.

Speaker 8 (06:26):
So just the CPI released.

Speaker 10 (06:28):
For Q three zero point six for the quarter, two
point two percent for the year.

Speaker 8 (06:33):
Do you remember what the Reserve Bank said as well?

Speaker 10 (06:36):
They said that inflation is clearly converging on the mid point,
and so it is, and that's the one to three
percent ban the mid point, is it two? That's the
job the RBNZ has, and it is clearly converging there
non tradeable inflation one point three percent, that's sitting at
four point nine percent for the year, tradeable inflation minus
zero point two and now sitting up minus one point

(06:58):
six percent for the year. Now expectationsidering one point seven
point eight. So the this was to the bottom side.
That was courtesy of lower non tradeable inflations. People were
thinking that was going to be around one and a half,
came in at one point three. Now there was a
mitigating factor of a twenty two point eight percent fall
in early childhood education fees. That was a result of

(07:20):
the introduction of the government subsidy that really helps your outcome.
It gets you to one point three. Without that the
year on, you could have been closer to five point two.
So it wort to push the whole all of the
numbers up, But there were other offsets to that. So
you got those fees, you've got lower fuel prices. They
pulled the outcome down, and then the other side the
usual suspects, higher insurance costs, local authority rates, prescription charges.

(07:41):
But there's no escaping the observation that inflation pressures are moderating.
Just to quick note, annual tradeable inflation. You look at
that and you go, my gosh, it's at minus one
point six. It's really negative. No, Historically we've had extended
periods of negative tradeable inflations. Not unusual, it's the non
tradable consistently been problematic. I guess the question is what

(08:04):
happens from here? Because there is no you cannot escape
the risk now that inflation falls below two percent, that
we undershoot the target.

Speaker 8 (08:13):
Now, that suggests to me.

Speaker 10 (08:14):
That the RBNZ should continue to move quickly to normalize
the official crash rate. Now the really relevant question here, though,
is how far do they go? I mean, what's the bottom,
what's the target? What's the neutral rate, the rate that
doesn't contribute to inflation. Is it three point seventy five?
Is it three and a half, three and a quarter
three percent? We don't really know that. So that's a

(08:35):
question that's got to be answered. The second one is
do they go fifty or seventy five basis points in November?
And here's a question for you, Mike, would a seventy
five basis point move Yes?

Speaker 8 (08:45):
So tacit admission.

Speaker 10 (08:47):
Absolutely, the OCI was pushed up too far, too fast
and kept there for too long.

Speaker 8 (08:52):
That's a question you have to ask.

Speaker 10 (08:54):
Really interesting if you look at the forward market, Mike,
you look at where the market price is, where it
thinks the OCO will be on the next Ohcer review date.

Speaker 8 (09:02):
That yesterday, at the close of yesterday was trading at four.

Speaker 10 (09:05):
Point one, which means that the odds are slightly tipped
in favor or slightly tipping towards seventy five basis points
not the fifty.

Speaker 8 (09:15):
Market reaction quite muted.

Speaker 10 (09:16):
Mike Wholso, rates said, fall a little bit, but they'd
been lower recently.

Speaker 8 (09:19):
KEIW slightly lower. Share market didn't like it though.

Speaker 10 (09:23):
On the face of it, it was down to over
one and a half percent, but I think that was
to do with a few other stock specific factors, not
so much the inflation rate.

Speaker 8 (09:30):
Fascinating day.

Speaker 2 (09:31):
Do this The other question you need to ask if
seventy five is tantamount to admission of fault, do you
still do the right thing because you know you cocked
it up?

Speaker 8 (09:41):
Well, you have to, I mean you have to play
what's in front of you. You have to. Yeah, well
that's my view.

Speaker 2 (09:46):
You met Adrian lately. Anyway, that's for another day. Speaking
of the speaking of the Reserve Bank, Karen Silk, what
do you have to say?

Speaker 10 (09:52):
So very relevant speech yesterday, she's the Assistant Bank governor.
This was the transmission of monetary policy to financial conditions.

Speaker 8 (09:58):
Real point of interest. Now it's the big question.

Speaker 10 (10:00):
The big conundrum is how quickly do those easier monch prinstance,
those lower ocr How quickly did that affect larger economy.

Speaker 8 (10:08):
Some interesting comments in here, Mike.

Speaker 10 (10:10):
Firstly, we've been talking about with this confirmational reference to
the shorter duration of the fixed rate loan landscape, that
implies faster transmission of policy.

Speaker 8 (10:19):
To low mortgage rates her words.

Speaker 10 (10:21):
Our latest new credit flow survey shows it around seventy
five percent of new home loans carry introspirence with one
ur or less and circuit seventy percent of existing home
loans will be repriced within the next nine months. So
if you get the OCR down, you pull down the
one two year wholesale rates that flows straight through to
all those new fixed.

Speaker 8 (10:38):
Rate loan terms. That's good.

Speaker 10 (10:39):
Also, the acknowledgment that we're going back to pre COVID conditions.
It's a more normal fundering environment. You're seeing the wind
down of additional monthary policy tools they were introducing the
COVID period that may constrain how much banks can drop rates.

Speaker 8 (10:53):
So mortgage rates call fall. Let's see how.

Speaker 2 (10:55):
Far ohkay Oaks numbers please.

Speaker 10 (10:57):
The US markets are in positive territory percent rise in
Dow Jones four to two forty two thousand, nine hundred
and sixty, the S and P five hundred is up point.

Speaker 8 (11:06):
Three five eight three three. The Nasdak is more or
less unchanged.

Speaker 10 (11:10):
Eighteen thousand, three hundred and twenty one forty one hundred
overnight up just undred one percent eight three two nine.

Speaker 8 (11:15):
The Nicke down one point eight percent. Very volatile. That
thirty nine thousand, one hundred and.

Speaker 10 (11:20):
Eighty Shanghai composite virtually unchanged three two o two. The
Ostralasian markets Thay were weaky yesterday. As I said, the
ends of A six two hundred lost point four of
a percent eight to eight fours are closed there. The
ends of X fifty fell one point five to five
percent one hundred and ninety nine points twelve thousand, six
hundred and forty one. Kiwi is trading at point six

(11:41):
oh five eight against the US on wholesale markets point
nine zero eighty eight Ossie point five five seven three
Euro point four six five eight pounds ninety point seventy two.
Japanese yen gold is trading at two thousand, six hundred
and seventy three dollars, and Brentkrud's still low at seventy
four dollars and twenty five cents.

Speaker 2 (12:01):
Nice stuff go well see tomorrow, Andrew Kelleher Jmiwealth dot
Co dot m z PASK reporting season Stateside United As
in the airline they got a share buy back. The
third quarter revenue and earnings beat. They brought in fourteen
point eight four billion dollars. So a lot of people
still flying and lots of people still making money. In banking.
Morgan Stanley another bank did well. Profit up thirty two percent,

(12:21):
revenues up sixteen percents at banking and certain airlines doing nicely.
Thank you. Six twenty two, he Renews.

Speaker 1 (12:28):
Talk said be good the Vike Hosking Breakfast Full Show
podcast on iHeartRadio powered by News Talks at be Mike.

Speaker 2 (12:37):
When you look at the shambles or made of the
economy and the yeo up and down oci, you got
to wonder how qualified he is. Maybe you need some
pictures to illustrate her, and what a mess the place is. Funny,
you should say that my hero of the week is
Jeff Mortlock. You probably don't know the name, but he
was in front of the Banking Select Committee yesterday and
what he said was profound. So let me come back
to that shortly. Six twenty five.

Speaker 1 (12:57):
Trending Now with mswell House, the real House of Fragrances.

Speaker 2 (13:01):
Now it's time to get some tribles with those movies
for the holiday season. I've got carry On for you
this morning. TSA Agents and Security America, contacted by a stranger,
starts blackmailing into allowing a package onto a flight on
Christmas Eve.

Speaker 11 (13:14):
Is the way the world works. There's people in control,
and there's people to listen. I'm the guy you listen to, Keithan.
Today is a day that you're gonna remember for a
very long time.

Speaker 12 (13:28):
But if you handle it great, you're gonna have a
chance of forgetting. Are you knowing? Won't change anything? And
I hope I don't have to execute someone close to
you to prove in one bag for one life here
ten minutes before everybody in this airport dies, all you
have to do is nothing.

Speaker 2 (13:56):
Yes, nice, Yeah, it's good. That's good. Taron Adgerton is
TS agent Jason Bateman as the villain, Netflix, December thirteenth.
I was listening to Bateman yesterday. He runs a podcast
called SmartLess along with Sean Hayes and Will Arnette. They're
quite funny as a group. But they had the reason
I was given to me Howard Stern. I don't know

(14:16):
if Howard Stern's name that most people resonate with, but
he's probably one of America's most successful radio names over
a very very very long period of time. And they
had him on and that was a beget and they
were real excited about it. And that's probably if you
can be bothered worth looking up and having to think
about now was it this time yesterday? I think it was.
We're talking about the outdoor dining charges that councils around
the country are charging. Claim it's fifty one thousand dollars

(14:39):
in Queenstown that when everyone everyone will what, how's that possible?
Well it may not be possible, and we'll get into
a few numbers, but anyway, that the general gist of
it is this whole business of just counsels gouging for
the sake of it. We're going to need to talk
to the Queenstown mess. So he's up next up for
the news, which is next here a Newstalks.

Speaker 13 (14:57):
He'd b.

Speaker 1 (15:00):
Setting the news agenda and digging into the issues the
Mic Hosking Breakfast with Alveda, Retirement, communities, life your Way,
news talks vs.

Speaker 2 (15:09):
This is why Inflation's complex. My inflation under controlled year.
Right just received notice from Genesis as an Energy advising
of a second price increase in bottled LPG in a
year forty five kg bottle. They are the ones I
run in the country as well, up from one thirty
to one fifty in December of twenty three. Now another
increase from one fifty to one sixty five twenty six
percent inside twelve months, a bit higher than two to
three percent. John, you're right, we've got the same price rise,

(15:32):
but vegetables have collapsed. So it's not just your inflation,
it's everyone's inflation. And there's a million things that make
up inflation, and part of what makes up inflation as
your acc levy. They're in the whole now suddenly seven
point two billion dollars. How the hell did that happen?
The woman who runs It's with us after seven thirty
twenty three to seven go to Italy in mindment with

(15:54):
Joe McKenna. Their Albanian migrant program, which is the one
that seems to be underway successfully as of today, the
one that well, it wasn't Albania who was with wonder
in Britain. They couldn't do it in Britain, but they
can in Italy. We'll get the update on that shortly
back this morning, though, of the business of gouging for
outdoor dining, numbers are flying all over the place, from
one hundred and sixty dollars a square meter to a

(16:15):
couple of hundred dollars a square meter, and depending on
how you look at the numbers, means they could be paying.
It was claimed yesterday on the program up fifty one
thousand dollars a year, which is a fifteen hundred percent increase.
So what's going on. This is specifically in Queenstown, and
the mayor is Glenn Lewis. Who Glenn Lewis, Who is
with us? Glenn morning, Good morning, Mike. Now, I don't
want to get bogged down in a singular story about
how many meters and how many dollars and stuff, But
broadly speaking, one, you charge for outdoor dining. Two you're

(16:39):
charging more for outdoor dining. Is that true?

Speaker 14 (16:42):
Yes, Why we've we've never looked we've never increased rates
since two thousand and six. We looked at it in
twenty nineteen. Going from as you say, you won sixty
to six hundred dollars a square meter on the Queenstown
Late Front. We pause it during COVID, it's now twenty two,
twenty four, two years past COVID, and we're picked it

(17:02):
up in implementing it.

Speaker 2 (17:04):
Now, where do you get the six hundred from? Is
that a number plug from the air now?

Speaker 14 (17:08):
Now, it's thirty percent of the retail of the rental
rate of the Queen's Town CBD.

Speaker 2 (17:16):
But that's a number plate from the yeir. That's thirty percent,
sixty percent. It's just a number that you guys come
up with, you think, and.

Speaker 14 (17:22):
That's not what we come up with. It's a standard
industry practice. It's the same number that christ Church uses
and that's what we've gone with.

Speaker 2 (17:30):
Ah, that's interesting. So I asked yesterday whether the variability
they seem to suggest there was. You're suggesting there's a
bog standard. This is what councils charge around the country
if you want to have tables outdoors.

Speaker 14 (17:40):
That's the advice we've got, yes, right.

Speaker 2 (17:43):
Is it a money grab?

Speaker 14 (17:45):
No, it's a reflection of the market rates. And look,
this is the Queenstown Lakefront. This is the iconic parist
spot in the country. Hosts thirty percent of the international
visitors that received so no, I don't think it is
a pross grand and.

Speaker 2 (18:03):
The individual is claiming fifty one grand. That once again
without going into too much detail, that's a back pay
and numbers were done wrong. Is that right?

Speaker 8 (18:11):
Roughly?

Speaker 14 (18:11):
Yes, that's increasing an increase in area being charged as well.

Speaker 2 (18:15):
Okay, So we then come to the cracks of the
problem with is it fair and are you killing business
at a time when business is struggling.

Speaker 14 (18:24):
Look, we've had many outdoor dining businesses come to us
wanting to increase the area even with the increase in rates,
and others that want to take the opportunity to decrease
the area just because it helps manage staff easier. So look,
I don't think we're killing outdoor dining. I think there's
just probably a rare adjustment.

Speaker 2 (18:44):
For some your debt. How much do you own Queenstown?

Speaker 14 (18:48):
Jeez, we're about seven hundred million. After the ten year plan,
we come to one point two billion year. This is
the outcome of a very fast growing region.

Speaker 2 (19:00):
Geez, one point two billion on a rating base of
what does that put you on the leach of credibility?

Speaker 14 (19:07):
Now I will grow from thirty six thousand rate payer
base to forty two over the ten years. Now, this
is what happens when you've got double the visitor load
to actual residents. We're having to design and build for
twice as many people. Then what extra lives here?

Speaker 2 (19:24):
What do you pay for debt servicing each year?

Speaker 14 (19:27):
Our average weighted annual interest rate is now five point six.

Speaker 2 (19:34):
But in Doris, what do you pay as a bill?

Speaker 14 (19:37):
Oh, you should be at one hundred million, I'd say.

Speaker 2 (19:41):
Just an interest payment?

Speaker 15 (19:42):
Yep.

Speaker 2 (19:43):
Wow, what's your rating increase? This year?

Speaker 14 (19:46):
It was fifteen point six on averriadge.

Speaker 2 (19:49):
And that's gone down the treat.

Speaker 14 (19:51):
Has it, of course? You know, just imagine how well
that's gone down there Mic jeez.

Speaker 2 (19:59):
Arra yesterday. And the reason the inflation number and the
non tradable number was so bad is because guys like
you go around charging people fifteen percent more each year.

Speaker 13 (20:07):
Yeah.

Speaker 14 (20:07):
Well, when you break it down, it's insurance, interest traits
and reevaluation and depreciation on assets that we actually going already.

Speaker 2 (20:16):
Yeah, although having said all that, you're one of the lucky.
I think you're one of the lucky regions in the country.
You do have growth, your tourism is back. Things do
seem to be bubbling nicely and you're one of the
better places in that sense.

Speaker 14 (20:29):
Oh yeah, look, I'd rather be in my position than
many other councils I have. Growth is the challenge I face. Jeez,
that's a that's a tough one for me. Really, No,
I'm look, I realize I'm in a privileged position.

Speaker 2 (20:43):
You've got any advice for Tory and Wellington?

Speaker 14 (20:48):
You stay out of the media.

Speaker 2 (20:52):
Well, this has gone well for you though, Glenn, hasn't it.

Speaker 14 (20:54):
Oh look, look, Wellington, I think your counselors need to
stay out of the media as well and actually work
as a team. Frankly, but yeah, I don't want to
start trying to.

Speaker 2 (21:04):
Start, so I just here head down. But yeah, you
just have head down, bump up as the advice world
Don Glen appreciated verty much. Glenn Lewis, Queenstown mayor hopefully
then asking, hopefully then answered some sort of question seventeen
minutes away from seven Seeker who are into the Kiwi
fruit business, should have mentioned this earlier. Kiwi fruit is
going off, I mean, thank god, something needs to. So

(21:25):
they announced yesterday excellent fruit quality. They've lifted their full cast,
They've done an interim dividend of ten cents. That's come
in early record operational earning. So well done the key
we fruit industry. I hope you'reeeling good about It's seventeen too.

Speaker 1 (21:38):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (21:44):
It be interesting revelations from the funding round, latest funding
round in the American US race. Come to those numbers.
I may get time in just a couple of moments. Jeez,
Mike Hargo was Glenn newest numbers answered every quest and
clearly impressive. Yet good South Island blow my kind of mayor.

Speaker 16 (21:57):
Fourteen to two International correspondence with ends and eye insurance,
peace of mind for New Zealand businesss.

Speaker 2 (22:04):
Lily, how are you great?

Speaker 5 (22:06):
How are you?

Speaker 13 (22:07):
Mike?

Speaker 2 (22:07):
Now? Why do they decide? What is it? I mean,
what's going on here? So Maloney's off to Lebanon, Foreign
Minister off to Israel? Do they have a meeting and go, hey,
let's play peacekeeper this week?

Speaker 17 (22:17):
Well, I mean, I think everyone's concerned, aren't they about
what's happening in the Middle East. There's an extra edge
for Prime Minister Georgia Maloney because we have one thousand
Italian soldiers there as part of the UNIFIL peacekeeping mission.
She's not very happy because they've been under attack from
the Israelis. She telephoned the Israeli Prime Minister Benjaminette Nahou
on Sunday to complain express her concern. I don't think

(22:39):
it was very pleasant. So she's off to meet King
Abdullah in Jordan on Friday, before traveling to Beirut to
meet the Lebanese Prime Minister Nijib McCarty. And as you said,
Foreign Minister Tahani will go to Israel and Palestine next
week as well.

Speaker 2 (22:54):
Okay, So what's I mean? We've seen the US overnight
say listen, get it together with Aiden Garz or else.
The supply of weapons going to be a problem. Are
they as hardlined in Italy as that.

Speaker 17 (23:04):
Yeah, they seem to be saying the same thing, still
singing from the same song sheet as they might say.
But we'll have to wait and see about what happens
there with the weapons. Certainly a lot of concern about
the ongoing escalation as we're finding everywhere in the world
at the moment.

Speaker 14 (23:19):
Now.

Speaker 2 (23:19):
The s Albanian migrant business that you dreamed up, that
they sort of dreamed up in Britain with Rwanda and
then spent the rest of their life in court arguing
about it. How come you can come up with this
idea in Italy and make it happen and it doesn't
get bogged down by human rights lawyers in court, and
yet they couldn't do it in Britain.

Speaker 17 (23:35):
You know, I'm wondering if we might still see some
kind of legal challenge, although I haven't seen any sign
of that yet. It's bizarre that the Italian Navy ship Libra,
which just arrived in Albania with the first sixteen migrants,
has traveled over fifty hours to get there, and you

(23:56):
think about the resources that are required just for sixteen migrants.
At the same time we've got a thousand migrants that
have landed on the island of Lampaduza.

Speaker 2 (24:03):
Well that'll be optics, I suppose, won't it. But I
mean it was weird that Starmer comes to town. Remember
that couple of months ago. He goes, hey, listen, what
are you doing? How are you doing it? And I
would have said something like, well, just get on with
it and do it. Is it popular domestically?

Speaker 17 (24:16):
I think it's divisive domestically because the Italians are throwing
six hundred million euros at the Albanians to make this happen.
And one politician, for example, opponent estimated that the cost
for those sixteen migrants was around eighteen thousand euros for
each migrant to move them to Albania. So people are saying,

(24:37):
why aren't we spending the money in Italy to make
the system work more effectively here?

Speaker 2 (24:41):
If an election were called tomorrow, would it be an
issue that you'd swing a boat on.

Speaker 18 (24:47):
Look?

Speaker 17 (24:47):
I think people still think Maloney's doing a good job
on immigration because, as she said herself yesterday in Parliament,
the numbers speak for themselves. The landings have decreased by
sixty percent compared to twenty twenty three, and that is
you know, that hits home with the Italian voters for now.

Speaker 2 (25:05):
All right? And even though the Great Silvia is gone,
the poor old Bunga Bunger girls just are not left
to their own peace.

Speaker 17 (25:13):
You wouldn't dream about it. Which are Italy's top court
on Monday overturn the acquittal of twenty three people accused
of taking bribes from the late Premier Silvio Berlusconi to
keep lying about the underage prostitution case. That means there's
going to be a new court case, and the Bunga
Bunger girls are not very happy about that. One of

(25:36):
them said, this is completely unfair. Berlusconi is dead. Why
am I on trial?

Speaker 2 (25:40):
Are they still Bungamonger girls now that he's gone? Do
they bunga bonga still or are they retired? Bunga Bonger's
what happened to you?

Speaker 17 (25:47):
I'm not sure how they make their money these days,
but they certainly seem to have done well during his
term of offers?

Speaker 2 (25:53):
Certainly? Did do you know? Another one of my random questions,
just to put you on the spot, what happened to
was villa? Did they sell that they fight over it
or what happened to her?

Speaker 17 (26:02):
I think it might still be up for sale?

Speaker 2 (26:04):
No way? Can you? Can you check the retail? I mean,
I'm not going to buy it. I don't have the money,
but I mean, god, have you seen it? I mean
it's so beautiful, the.

Speaker 17 (26:13):
One, don't you mean the one on Sardinia, the that's
still up for sale. I haven't heard of sale going through.

Speaker 2 (26:18):
Legend Garden and just yeah, it's impressive. Is just let
me know if it's still for sale. Get one fond too.
It nice to see you, Joe, Joe mc in Italy.
The numbers from the campaign, So no one's touching Harris.
She's crossed, as I told you the other day, a
billion and so she's rolling in dough even though they're
asking for more filings. The smrning though for September showed

(26:41):
Trump brought in a lot of money, but most of
it came from three peoples. One was called Miriam and
she's into casino so she handed over quite a bit.
And another one was called Elison, and the other one
was called Elon. Elon gave seventy five as a million
to a super pack, So just three billionaires handed over

(27:02):
two hundred and twenty million dollars. So Trump is being
funded by rich people and Carmel has been funded by
the American people. So there's optics that are don't know
if anyone cares or not, but the amount of money
that's been spent is astonishing, and still it's a tight race.
Nine away from seven.

Speaker 1 (27:17):
Call the Mike Hosking Breakfast with a Vida Retirement. Communities
News togs.

Speaker 2 (27:22):
Had been book research, Salton and Brunei was looking at
it for in June at about half a billion as
in euro In July they were going to turn it
into a museum. So clearly fluid Trump I was telling
you yesterday about his new coin didn't sell that well.
They only got forty three hundred unique wallet addresses. This

(27:42):
is all cryptos stuff. Of course, only forty three hundred.
They had one hundred thousand lined up, they said, but
only forty three hundred brought. And of course the other
problem was the website crashed a lot five minutes away
from seven.

Speaker 16 (27:53):
All the inns and the outs.

Speaker 14 (27:55):
It's the biz.

Speaker 1 (27:57):
With business Fiber, take your business productivity to the next level.

Speaker 2 (28:01):
Course the US. Tom Brady's an NFL owner. He and
his business partner paid over three hundred and thirty million
yesterday for ten percent stake in the Raiders Las Vegas
five percent each, just the third player in history to
be able to do this. He also works for Fox,
and then that's the problem. By the way, he got
that ten percent at a heavily discounted rate. They agreed
to sell the ten percent at a valuation of three
and a half billion. Team's actually worth seven anyway. He

(28:23):
works for Fox, and that's a good deal too. He's
on a ten year deal for six hundred and twenty
million as their lead analyst. He's not bad. He's not brilliant,
but he's not bad anyway. Be bad as may be,
that as it may. There are restrictions in being an owner,
and Fox have got problems with us because as an owner,
Brady is not allowed to enter another team's facility. He's

(28:45):
not permitted to witness practice, he's not permitted to attend
broadcast production meetings. He's prohibited from publicly criticizing game officials
and other clubs. He's subject for the leagu's gambling policy,
and he's subject for the leagu's anti tampering policies, many
of which might well be a problem because lists sit
down and meet with players, they do that in their facility.
They need to be in the facility when they're doing

(29:06):
the commentary and all of that. So who knows where
this goes. Best news yesterday as regards Tom Brady, Vicinity
became the owner de Bonte. Adams, who's one of the
best players in the league as a wide receiver, has
wanted to leave the Raiders for Ages and got traded
to the New York Jets, where he reconvenes with Aaron Rodgers,
this old mate from the Green Pay packadays and if

(29:26):
the Jets are going to turn around this season, they
need somebody liked Bonte Adams. So Brady turns up as
a new owner and goes, hey, guys, what's happening to go? Well,
that guy there, Devonte, he's just left the building, so
he's going to have to think about all of that now. Inflation.
Nikola Willis, Minister of Finance. Have we overcooked? It will
be my opening question.

Speaker 1 (29:45):
Shortly, You're Trusted Home the News for Entertainments, Opinion and
Mike the Mike Hosking Breakfast with the range Rover villa
designed to intrigue and use Tog's head bell.

Speaker 2 (29:57):
Seven past seven. So the theme if yesterday was with
inflation at tw two point two percent, it's over or
is it? I mean, questions remain around the non tradable
figure which is four point nine and still an issue.
I would have thought then the question of what the
Reserve Bank does next month. Of course, Finance Minister Nikola
Willis with us. Good morning, Good morning, Matty, as you
were celebrating yesterday as well you might because you're the
finance minister and a politician. Can I suggest to you
it never had to be this bad. We've had three recessions,

(30:19):
tens of thousands of people out of work, in a
shed load of people bail on the country. It could
have been done better, couldn't it look look like?

Speaker 19 (30:26):
I'm absolutely with you. There is no question that the
last government fueled inflation. They are excessive spending meant that
inflation stayed higher for longer, which meant the Reserve Bank
then pranked interest rates higher than would otherwise have had
to have been the case, and we are feeling the
pain of that in our economy now. There was no
question about that. But I need to look forward because

(30:49):
my job is to set the conditions for future growth.
And I have said one of the consistent things growing
economies around the world have as they have low stable inflation,
that allows for interest rates to be reasonable, That allows
businesses to borrow, that allows mortgages to have the people
with mortgages to have spare cash. So we have set

(31:09):
the conditions for growth. So it was a great day.

Speaker 2 (31:11):
Right, what's neutral for a cash rate? Do you reckon?

Speaker 19 (31:15):
Look that that depends There are lots of factors that
go into it. What people across the world are saying, give.

Speaker 2 (31:21):
Me a number numbers of New Zealand job.

Speaker 19 (31:25):
No, no, I'm not going to I'm not going to
do Adrian's job. You know, We've had this discussion before.
I don't do that job. He does his job.

Speaker 2 (31:32):
Well, that's part of the problem though. Hence my first
question is it does he do his job with three recessions?

Speaker 19 (31:38):
Look, there is no question, as I said, that New
Zealand has come through a very difficult time. We've had
highly restrictive monetary policy, but of course that followed a
period in which we had highly loose monetary policy in
which we did huge amounts of money printing, quantitative easing,
where late rates were kept low for a very long time.

(31:59):
And I've been openly critical in the past of the
Reserve Bank's decision making following COVID, where I think it
was very very loose in its monetary policy, combined with
very loose fiscal policy from the government, and that did
lead to a situation which has taken a long time
to unwind.

Speaker 10 (32:15):
It's been three and.

Speaker 4 (32:16):
A half years.

Speaker 2 (32:17):
Yes, I know, But the here and now, which is
where you are right now fifty or seventy five, And
if it's seventy five, that's tantamount to admission of a mistake.
He's overcooked, it isn't it. I'm worried about the number.
The number was lower than what they expected, and I
just wonder if it's still going down too low, too slow.

Speaker 19 (32:31):
Well, look, here's the way I look at it. When
I look ahead to the next the next decision in November,
what is the Reserve Bank governor going to be looking at.
He's going to be looking at how the economy is
functioning and how monetary policy is transmitting through and if
he chooses to reduce interest rates further, that will be

(32:51):
good for many many businesses who will then think, Yep,
I'm going to actually borrow and I'm going to expand,
and I'm going to buy that new machinery and I'm
going to start that overseas market. So I need to
look forward, and I know that the conditions we need
for the growth that will lead to the hir incomes.
The better choices that I want New Zealanders to have
is low, stable inflation, interest rates coming down.

Speaker 2 (33:13):
So I make Since we last talked, you open those
books I can't remember your word, but it was sober
or depressing or miserable or something one sixty seven billion
in but you're spending one to eighty Why are you
spending so much money when you don't have it as
a conservative chancellor?

Speaker 19 (33:26):
Because we had one of the most extreme increases in
government spending that New Zealand has seen under the last government.
It went from under thirty percent or like twenty percent
of the gross domestic product up to as god as
high as thirty four percent. And we are now unwinding that.
And that is not something that we can do immediately
overnight without causing massive pain to New Zealanders. But we

(33:49):
have set out a plan that sees us unwinding that
over time real restraint with the smallest operating allowance since
Steven Joyce lower operating allowances in the future that will
require us to keep making pretty difficult choices to put
the lid down. That's important that we do it for
New Zealand because actually having well managed finances that ensure

(34:11):
that we're not racking up huge amounts of debt is
important for the way we're viewed internationally. It's important for
the interest rates New Zealand is pay It's important for
my kids so that they don't look at me in
the eye and say, Mum, you throw all the debt
at us. So we are working on that. We are
doing it gradually, we are doing it responsibly, We're doing
it the right way.

Speaker 2 (34:29):
Give between ten seconds you worried about ACC.

Speaker 19 (34:33):
I do want to see ACC managing its costs much better.
ACC contributes to New Zealand's deficit considerably. But also when
ACC is not managing its costs well, every single worker
pays a higher levy and I don't like those costs
continuing to go up five percent every year or more

(34:53):
when it comes to some of the fees. So yeah,
we're taking a good hard look at ACC to make
sure that it is well run and that they are
keeping their costs.

Speaker 2 (35:01):
Down as indeed will we because we've got the the
head of ASC on after seven to thirtyppreciate time. Nicola
Willis Finance Minister twelve and it's past seven pask D
Day of sorts for Wellington Local government. Minister meets with
the mayor work out where to go. There was an
urgent meeting yesterday with the council. Of course, Councilor. Nikola
Young is with us, Niccola, morning to you. What do

(35:21):
you reckon happens today as regards just put her on
ill fully? What do you reckon happens today as regards
the meeting with the minister? Right, the phone's frozen. We'll
come back to that in just a couple of moments. Mike,
morning to you. Can you please and I was hoping
I could escape this today but I don't think I can.
Can you please explain why Jacinda as given her knighthood
by Prince William rather than our governor General optics. Probably

(35:43):
she lives with the Baubles. Yes, interesting point. More in
a moment thirteen past seven the.

Speaker 1 (35:47):
Mike Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks at b News Talks.

Speaker 2 (35:54):
Have we caught a past seven? I hope we've got
the phone sorted out. Apologies for that. Nicola Young, the
Wellington Councilor, with us, Good morning. Did you get any
circuit breaker type vibes out of yesterday's meeting?

Speaker 20 (36:04):
Well, I'd have to say there is certainly an acceptance
by the councilors that they have to stop spending, they
have to make some spending cuts. The question is where
they make the spending cuts. The mayor is committed to
the Golden Mile, which of course most Wellingtonians, we believe,
don't want. She's talking about selling the ground leases which
are worth nearly two hundred and fifty million, but didn't

(36:25):
mention the fact that they're actually a major source of
revenue for the council. So the other thing is we
haven't actually got any idea how big the fiscal hole is,
and we've been told two hundred million, four hundred million,
six hundred million over ten years, so I think they're
aiming for a figure of five hundred million. But there's
no there's no sexual basis for this figure. And when

(36:46):
I asked about this what it was based on, I
was told, well, it's more it's an art, not a science. Well,
actually money is all about science.

Speaker 2 (36:53):
This is very much the case. Does she have anything
do you know to convince Siming and Brown this morning
not to pull the trigger?

Speaker 14 (37:01):
I don't think so.

Speaker 20 (37:02):
I mean, we haven't got a plan, We've just got
a vague agreement that we need to address this, and
the reality of where the cuts come have not been identified.
But you know, I mean three of us who changed
our vote. You know why we changed our vote, the
three fiscally dry councilors, because we had the ability to
borrow another two hundred and fifty million in the case

(37:23):
of an emergency. It's called the insurance debt headroom. And
this was agreed unanimously that wouldn't be touched. And then
a week later after the vote, we found out that
it would be in case. It would be touched for
the next nine years. It was already factored into the spending,
and that's why we voted against it, because we're trying
to stop the spending.

Speaker 2 (37:41):
What's your gut do you think Simming and Brown will
do something or not?

Speaker 14 (37:46):
I hope so good?

Speaker 2 (37:48):
All right, Nichol appreciate it very much, Nichola Young. A
lot of coverage some people talking about an election. There
will be no election. I don't know why they've come
to the conclusion that there could be a snap election.
Think it through. A snap election solves nothing because you
don't know what the election's going to provide. The only
thing the government will do if they pull the trigger
is put an observer in personally. I think that should

(38:10):
put a comissioner and or commissioners and do a tower
on a doing a Canterbury regional. But they could put
an observer in initially, but there's no election. So anyway,
next time you hear about the possibility of a snap election,
you forget it. People don't know what they're talking about.
Eighteen past seven skiing. The way that some people get
divorced is about to change. We've got the Family Proceedings
Amendment Bill that's passed with rare unanimous support yesterday in
the Parliament. It's called Ashley's Law or the calling at

(38:32):
Ashley's Law because Ashley told the story to a local
MP and Ashley is Ashley Jones is with us. Very
good morning to.

Speaker 21 (38:37):
You morning mate.

Speaker 2 (38:38):
Must be amazing for you, because very rarely in Parliament
one do they all agree, and two they pass something
that will stand the test of time. They will never
go back on this. So you've profoundly changed the way
we do things in this country and that must be amazing.

Speaker 21 (38:54):
It's so crazy. I live. I did not expect this
so to pass unanimously. To be honest, they thought too
you passes was crazy enough. So I was very shocked,
very early on the reading when I realized it would
that I still kind of can't believe that I was
fundamental in changing a law and that's going to be
around forever.

Speaker 2 (39:13):
Isn't it? Isn't that excellent? Chris Bishop? As an exercise
in going along to a local MP and the culmination
being a law passed, What are you makeable with that?

Speaker 21 (39:24):
I think it's a huge reminder to people that one
voice can make change and if you fight hard enough
it has taken four years. If you fight hard enough,
you can change things that you think are not right.
I think Chris Bishop said it right last night, that
they were just fixing something that wasn't right.

Speaker 2 (39:43):
Yeah, were you politically active in any way? Did you
know what was going on? Did you know Chris Bishop?
Were you active in a political scene before any of
this or not?

Speaker 20 (39:50):
Absolutely not.

Speaker 21 (39:51):
I was just a small town girl that had moved
up to Wellington and realized that I was up against
the system that was broken. And Chris Bishop was only
MP locally that responded to my request for a meeting.
And yeah, no previous background dealing with politics.

Speaker 2 (40:11):
You're going to be a politician. Do you want to
change the system? Some more of this. This was Ashley
Jones's Day in the.

Speaker 21 (40:16):
Sun I definitely have other things that I want to tackle.
Neck Chris has asked when I'm going to become an
MP that right now. I do love my day jobs,
so we will see that. Yeah, after we break and
some recuperation after four years of fighting this one, we'll
see what's next.

Speaker 2 (40:34):
Fantastic Ashley, Nice to talk to you and congratulations Ashley Jones.
Ashley's Law Call ad seven twenty.

Speaker 1 (40:41):
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I assume you're as excited as I am for today

(41:54):
is decision day. It's meeting day, It's deal with Darlene Day.
Oh you thought I was going to talk about Wellington,
didn't you steal with Darlene Day. Darlene is off to
court as you do. But the party, her former party,
is going to have another meeting and it suggested they
may even make a decision. They need seventy five percent
to boot her out of Parliament via the Walker jumping law.

(42:15):
I got no idea whether they'll get that or not.
If you haven't followed this, and I don't blame you.
Trying to understand the way the Greens think requires tremendous
patience and quite possibly a lot of cannabis. But they
don't like walker jumping in the law, so to have
to use it would rub a lot of them up
the wrong way. But Darlene with her actions, has already
rubbed them up the wrong way. So it's just a
matter perhaps of working out which feels less rubby Tana

(42:39):
or the law you dislike. Now, at some point, as
I've suggested before, they might like to look at their
candidate selection process, because I assume at one of their
preceding meetings somebody has had the wherewithal to say something like, hey, guys,
have you noticed how many halfwits we've ended up selecting
that have gone on to make fools of us? Couple
of procedural things you must never forget. The party has

(42:59):
never released the Force report into tan, and now you
might want to ask yourself why not. Also, you might
have noticed how astonishingly long it's taken to get to
this point, and that might just be a warning as
to what sort of approach to matters they may take
should they ever be in power in a cabinet that
actually requires adults to make sharpest sort of decisions. As
for today, well, they have to boot her out, one

(43:20):
because she is a reprobate, but two because they've made
such a meal of her performance and behavior. Not to
boot her out is to see her win, and to
see her win would make absolute fools of the party.
That's not to say that won't happen, because it's the
Greens and they're not like the rest of us. But
it might just be that one of Parliament's bigger embarrassments
is about to and not a moment too soon, get

(43:42):
her come up and asking Mike Jinda being honored for
shredding the countryuous look, I hesitate to criticize people who
receive the nation's highest honor. And damehood is a damehood
and you can't take that away from her. You can
argue as to why and how she got it. You
can offer up a couple of thoughts, as I'm about

(44:04):
to do, funnily enough, as to why she was doing
it at Windsor and not in New Zealand. And my
strong suspicion, and let me tell you a little insight.
There's a book coming out next year, and I won't
tell you who by, but it's about her and I'm
involved in it. They talk to me about it. They
wanted an opinion on her, and I felt it necessary
to offer that opinion because my great fear in the
writing of the book it would be an opinion full

(44:25):
of lobbies who are blinded by her. But here's the cold,
hard reality. I doubt she'll ever come back to the
country and the way she conducts herself these days, in
terms of speaking and money and ball balls and traveling
to Windsor to see William to giggle as he did
as he awarded her the look at the British Press.
William giggles as he hands her the award. It's to

(44:50):
still live in this country dealing with the literal economic
damage that she put in front of us is a
great to be Frank, and I wish you well. Generally
she can get on with her life and do whatever
she wants, but it does remind us on days like
this just what she did to the place and to

(45:10):
be rewarded for that leaves you a bit sick.

Speaker 1 (45:14):
The newsmakers and the personalities the big names talk to,
like my costing breakfast with Bailey's real Estate, your local
experts across residential, commercial and rural news talks had been.

Speaker 2 (45:27):
Toney quinnon great success story started with nothing in Scotland.
Turns out he owns Hampton Downs and Highland's Motorsport Park
and Tarpeau and he's made his fortune and your pet food.
It's a good story anyway. He's back with us on
the program upter eight o'clock this morning. Meantime, ACC back
in trouble again. They've got themselves a seven billion dollar
hole and when they balance the books it's us who pays,
of course, so lebbies are going to have to go

(45:47):
up ACC's chief executive as Meghan Maine, who is we
us good morning cur to make So from the black
last year to the red this year to the tune
of over seven billion dollars, does that make you sort
of health New Zealand two point zero.

Speaker 6 (46:01):
Look, there's a couple of things going on with that number.

Speaker 16 (46:03):
Mic.

Speaker 6 (46:04):
In terms of the deficit, there's the money we spend
during the year, which is about seven billion, which is
about what we budgeted. But the bigger factor is the
calculation today of the lifetime cost of the injuries that
have already occurred, and that that recalculation is the is
the big driver of that seven point two billion dollar deficit.

(46:27):
That lifetime calculation went up by eight point seven billion
during the year. It's a mathematical estimate by actories who
use a lot of assumptions. They use economic assumptions, population assumptions,
inflation assumptions, so it's a best estimate, and there's three

(46:49):
aspects to it.

Speaker 14 (46:50):
Really.

Speaker 6 (46:50):
One is the expected cost increase. The scheme is still growing.
Even at fifty years. We still get more claims coming
in than the exit each year, so that's a big
part of the increase. The unexpected aspect this year was
a couple of court decisions which landed in December.

Speaker 2 (47:09):
Just sorry, harder up, let me ask you about those
are those parts? My understanding of those court cases is
you haven't worked through the implications. Is that true or not.

Speaker 6 (47:18):
We're working hard to work through what those decisions mean.
We have started applying it though, from the date of
the court decision, so we've got interim guidance that our
experts staff are using with current and new clients who
are victims of sexual assault. But it will take a
while to work through the full implications and how we

(47:41):
operationalize that.

Speaker 2 (47:42):
So you've been lumped with that. This is the stuff
I feel sorry for you. I mean, not that they
shouldn't rule the way they did. I'm just saying that
suddenly you wake up one morning there's a court case
and there's a whole bunch of clients that you didn't
know you were getting. Yeah.

Speaker 6 (47:54):
Well, and you know, Mike, this is a really complex
area of the law of acc boundary issues. You know,
this is about people who were sexually abused as children.
So we need to step through this really carefully with them.
And so that's what we're doing, and that you know,
that's what our teams are doing. How much but I

(48:14):
do carry But there's a third aspect of the of
the increase, and that's rehabilitation performance, and that's the thing
we're really focused on. That's the thing most in our control,
you know, making sure our case management is working for people.
And frankly, you know, the best thing we can do
for our clients the New Zealand productivity and for the

(48:37):
scheme long term is help people get better faster and
also importantly, you know, remember that we want people to
avoid getting injured in the first place.

Speaker 2 (48:47):
Correct, I'll come to that in the moment if we
get time. But this whole remember, I mean you may
not have been here at the time, but remember years
ago the physiotherapists were ripping off the system left, right
and center, and you went along for twenty seven hundred
sessions when you only needed three. Is there still a
bit of in the system?

Speaker 6 (49:02):
Look, it's an entitlement scheme, you know, and we need
to make sure that we're giving people the support they need.

Speaker 2 (49:09):
How much always I'm paying for it? I mean, do
you need to run me down for the rest of
my life or do we need to get back to work?

Speaker 8 (49:16):
Yeah?

Speaker 6 (49:16):
Yeah, Look, we're very mindful of fraud, of over payments,
of over servicing, and we also work really closely with
IRD to make sure that the people are getting the
payments they're entitled to. But you know, your example is
a good example of making sure that from a case
management point of view, we're working closely with clients, particularly

(49:36):
clients receiving weekly compensation they're off work. You know, we
know there's so much evidence that being off work is
not good for you, it's not good for your well being,
and so we really want to make sure we're giving
people what they need, not giving them more than they need.
We don't want to get people dependent on the scheme.

Speaker 2 (49:55):
When Doocy comes to you as minister and go seven
point two, I get it, but just don't go around
charging people automatically, which is what you're wanting to do.
Do you get that and are you able to do
anything about it or is he just saying something political
to get himself out of trouble.

Speaker 6 (50:12):
So we work really closely with our minister. You know,
we're all really focused on this and as I say,
the thing in our control is improving rehabilitation performance. We've
been working hard on that. You know, our people are
working hard with our clients and we've seen some really
encouraging early signs. You know, even in the last six months.

(50:34):
We've made a number of changes over the last eighteen
months that we're starting to see the impact of good
particularly people getting back to work earlier with those less
serious injuries.

Speaker 2 (50:44):
Because encouraging. Here's my problem, having followed this for years,
we used to be a basket case. Then you got
it together and it was off the radar and you're
actually in the black, and we're all happy and then
all of a sudden, bang it seven million dollars, the
seven billion dollars in the hole again.

Speaker 6 (51:02):
Yeah, and as you said at the beginning that that
numbers based on a lot of assumptions. You know, we
also need to remember we've got an investment fund that's
designed to partially offset that, and our investment fund increased
by around four billion dollars last year. And we also,
you know, are in the process of consulting and recommending

(51:23):
on levy increases. So levys have been held flat or
really flat or reducing for the last decade, or costs
have been increasing, and so this is a slow moving ship,
and so you know, we need to make sure that
over the long term we've got the settings right to
balance how much the scheme's costing and how much money

(51:45):
we've coming in. We've got coming in.

Speaker 2 (51:47):
We got too many people who are sick. I mean,
I'm just astonished every time I go to the doctor
or hospital acc people are falling over themselves with illness injuries.
I'm fifty nine years old, Megan, I've never claimed ACC
in my life. A sort of freak.

Speaker 6 (52:02):
Oh, Mike, You're certainly not a freak, you know. Interestingly,
though you talk about people falling over. You know, falls
are the most common cause of injuries in New Zealand
around forty percent. And so if we could all stop falling.

Speaker 2 (52:16):
Over, if we've learned nothing else out of the interview today, Megan,
stop falling over. Please have a good day. Meghan Main,
who's the ACC chief executive. See so one, I'm not
a freak and you've got to stop calling me that
because Megan says.

Speaker 22 (52:36):
Well, that's one woman's opinion.

Speaker 2 (52:37):
Very important woman.

Speaker 22 (52:39):
I think it's the only person I've ever done matter.

Speaker 2 (52:41):
She is on the radio, heard by hundreds of thousands
of people. I'm not a freak, and You've got to
stop falling over. Sixteen to eight the.

Speaker 1 (52:48):
Mike Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 2 (52:53):
It be very very good point, Mike. I'm sure that
a few weeks ago you announced that the misses had
convinced you to claim a general medical complaint as ACC.
You are right, You're one hundred percent correct. That was
It wasn't a few weeks ago, it was months ago.
It's when I went along to the doctor to the
physio for the for the for the frozen shoulder slash
beside us, and he and I said, I'm not claiming

(53:16):
acc This is crap. This is not an accident. Something's happened.
I don't know what, but we're not bothering the acc
I went home, got an ear for which caused another injury.

Speaker 22 (53:24):
Did or did she not say? Don't be a freak?

Speaker 2 (53:28):
Actually could be that? Yeah, could have said that anyway,
So I did so that I think was ninety bucks
in the end. So I've troubled acc in my forty
two forty three years worth of work to the tune
of ninety dollars so far in counting now. Jeff Jeff Mortlock,
once upon a time worked at the Reserve Bank. Jeff's
our hero of the week the government, he said yesterday
in front of a select committee. The government has got

(53:49):
a select committee looking into banking practices, generally emphasis on
the rural treatment at the moment, Are banks treating people well?
All that sort of thing. Jeff turns up yesterday and
he says the government should abandon any requirements for the
Reserve Bank to have quote gender or ethnic balance on
its board. And if you don't know this, they do.
He made a submission to this particular Committee form the
senior member of the Reserve Bank's Economics Department. The Bank

(54:11):
Board needed to be and this goes to the inflation
figure yesterday. It goes to what they've done to the economy,
what they're doing to the economy, how they view the economy,
why they make the decisions they do. The Bank Board
needed to be quote fundamentally strengthened in terms of the
balance of knowledge, skills and experience required to perform its function.
It currently lacks directors with the requisite level of knowledge

(54:33):
and experience in financial sector, regulatory and financial stability issues.
It is poorly equipped to do its job effectively and
has only been too evident in reading Reserve Bank annual
reports over many years. The government needed to rectify this
as a matter of urgency by appointing directors with in
depth knowledge and experience in banking, insurance, financial stability issues.

(54:55):
Now and hearing those words, you think, well, don't they
already know? They don't. In doing so, the government should
abandon the highly questionable approach of seeking gender and ethnic
balance as the priority for bord appointments. The only balance
needed on any board is the required balance of skills, knowledge,
experience and judgment, gender, ethnicity and culture should always be

(55:21):
subordinate to these fundamental matters and the fact that every
single one of us lives with the decisions as made
by people that he would argue are not up to
it is bordering on a fiscal crime. I would argue
ten away from eight.

Speaker 1 (55:37):
The Mike costing racist with the range rover.

Speaker 2 (55:39):
The laws be given away from it. So change coming
to antarcdot changes which will mean a wider range of
veterans can be honored. On the twenty fifth of April,
the head of Veterans Affairs bernaed in mckenzie', Well, there's Bernardine.
Morning to you.

Speaker 6 (55:51):
Good morning.

Speaker 2 (55:52):
Is this a bit slow? It's one of these things
I'm looking at with the government at the moment. They're
going to sort the legislation by the end of twenty
five and it's going to be implemented by twenty twenty six.
They move a bit quicker. Are you just happy they're
moving at all?

Speaker 4 (56:03):
Oh?

Speaker 18 (56:03):
Really happy that this moving. What happened, Mike is that
over the years New Zealanders have increasingly used and that
day to remember and honor those men and women who
have served in more recent conflicts. So you know, it's
really timey that the Anzac Day legislation we'll catch up
and explicitly recognize these men and women.

Speaker 2 (56:22):
Now here's the interesting thing. Anzac Day is my favorite day.
That's the right word to use. It's the most sort
of important day to me that we mark. But I
always thought that if you served, you were on it.
I mean, I didn't realize that there were some who
did and some who didn't. Does it matter?

Speaker 18 (56:39):
It matters to those men and women who have put
their life on the line for our country in really
difficult and dangerous circumstances. To have this recognition would be
fantastic to them.

Speaker 2 (56:52):
They say the government, this is mister penk that it's
more complicated than we think, is it in terms of
recognition and who to recognize them, who not? To rerect.

Speaker 18 (57:01):
Well to broadly recognized those from current conflicts. It is
when you're talking about legislation. But the important thing about
Zact Day is to look in to see that this
is a time for us as New Zealanders to really
recognize these people who have put their life on the
line to save our country and to keep us safe.

Speaker 2 (57:20):
Yeah, could not agree more. Bernardine go Well appreciate it.
Bernardine Mackenzie, head of Veterans' Affairs with US this morning,
five minutes away from it, ask Harry just interrupted the program.
She knows the rules around here do not interrupt the
program when it's in full flow. But she bowled through
the door. But she's special and different, so she's allowed
to do that. But what she did remind me of,
and it's a very good point, is she of course
fell over, So in falling over and she got acc

(57:42):
this Kerry Wood and Makaiber So she didn't initially take
Megan's advice, but has learned her lesson. She's now given
up the drink and she's also in the low heels.
So she has fallen over, received acc but amended her ways.
And that's an important lesson to learn. And it suddenly
occurs to me. I thought, oh yeah, Kerry, I forgot
about her. Then of course Helen, Helen, her producer, has

(58:05):
fallen over as well. So that really when you look
at the nine to noon program for part of the country,
that's the whole program's fallen over. One hundred percent of
the people on the nine to noon show have fallen
over and received ACC. I have no evidence that Helen's
amended her ways in any way, shape or form, and
my strong suspicion, having known her for many years, if
she hasn't. Unfortunately, and then we come to this program,

(58:27):
of course, and Glenn has famous for falling over, and
he's done it at least twice. So he fell Do
you get acc for your scooter thing or not? I
must have done yeah, I reckon. So he comes off
as scooter many many years ago, so he gets the
acc Now did he amend his ways?

Speaker 19 (58:42):
No? He did not?

Speaker 22 (58:42):
Yeah, no, I mean he didn't take scooter.

Speaker 2 (58:44):
He threw his scooter out, didn't you correct?

Speaker 16 (58:45):
To be fair?

Speaker 22 (58:46):
To be fair, Also, it wasn't my scooter, it was
my daughter.

Speaker 2 (58:49):
Was stolen scooter. I wasn't stolen.

Speaker 22 (58:50):
I was sorry, that was not I gave it back
to her.

Speaker 2 (58:52):
Right, Okay, So you stole your daughter's scooter, took it
to work, got an acc claim. So he amended his ways.
He's never been on a scooter.

Speaker 22 (58:59):
Still fell over without a scooter.

Speaker 2 (59:00):
Yeah, but then without a scooter, took a dog and
then fellow some more. Have you stopped walking the dog?

Speaker 22 (59:04):
No, I'm not going at the dog.

Speaker 2 (59:06):
See you haven't sopped walking your dog, so you haven't
amended your behavior, so just looking in the.

Speaker 22 (59:11):
In the and then of course Sam Brokers back, have you.

Speaker 2 (59:14):
Been on acc? Two off? A little bit, a little
bit of acc.

Speaker 22 (59:20):
Everybody see you are a free Everyone that.

Speaker 2 (59:23):
I can see around me this morning has been bleeding
off the state for years and I'm the only one
with standards. Tony Quinn after the News, the.

Speaker 1 (59:34):
Breakfast Show you can Trust, the Mic Hosking Breakfast with
al Vida, Retirement Communities, Life your Way news dog said
blast Day.

Speaker 2 (59:47):
Tony Quinton grew up in a wooden caravan built by
his dad and Aberdeen before becoming himself made millionaire through
pet food and confectionery. We know him better these days
for motorsport. He's the visionary behind Highlands and Hampton Downs
and Taypa. Of course, his book zero out of sixty
and Beyond has been re released, has got ten new
chapters and there's a story in that and Tony Quinna's
Weather's tiny. Very good morning to you. Good morning, yep,

(01:00:10):
nice and early in Australia. I take it here in Australia,
are you.

Speaker 13 (01:00:13):
Yes, I'm in Australia and it's the sun's up, but
unfortunately it's not a it's not very nice day today,
so we'll we'll have to put on an extra T shirt.

Speaker 2 (01:00:23):
Good. You write the stuff down. I refer to the
extra teen chapters you write. You you're a believer in
writing down what's happening in your life, why and for
what value?

Speaker 13 (01:00:35):
Oh gee, it's a bit of a story. But it
started when my grandfather passed away. And my grandfather, who
was Irish, got involved in the IDA when he was
a young fellow, and he had a fantastic interesting life
and we had his stories throughout his life. He would

(01:00:56):
share some of them, but he was quite quiet a
bit his activities, and when he died there was nothing
written down, and so there was no official record, if
you like, of his life. And I said to myself
that I would hate to do that because it's one
of the missing links in life if you don't know

(01:01:18):
what your heritage is. So I decided that I would
write down my exciting life that I was having and.

Speaker 15 (01:01:28):
In one day write not a book.

Speaker 13 (01:01:30):
It was just going to write my story so that
the generations behind me could read all about why I
did the things that I did. And that's how it started.
So I got these black books, things that you buy
from the shop, and every time I'm on an airplane
or whatever, if I get a minute spare, I'll write

(01:01:51):
the day at the top of the page, and I'll
write down all the things that have happened since the
last time I wrote. And it could be a month,
it could be two months, it doesn't matter. But when
you write the date and you start writing things that
have happened, you can remember all the stuff that happened,
and you just need to put a bullet point. It
doesn't need to be the whole story, just a bullet
point that reminds you. And then one day the thing

(01:02:15):
is to then just recorded or put it down. And
I met a guy called Robert Toy in New Zealand,
and I said, would you He was a freelance journalist,
and I said, would you be interested in writing my story?
And he said, yeah, no problem.

Speaker 8 (01:02:29):
So he did.

Speaker 13 (01:02:30):
But as he was writing the story, he said, man,
this is such an interesting story that you should share
it with other people, not just your family. And I said,
I don't really care.

Speaker 8 (01:02:42):
That's not the point.

Speaker 13 (01:02:44):
In anyway, one thing led to another. The publisher got
hold of it. They decided to publish it and it
became very surprisingly, it became a number one best seller
in New Zealand and we actually never released it in
Australia for some reason. So anyway, the book was reprinted
a couple of times, and on the fifth day, Josie said, look,

(01:03:08):
we're going to have to reprint the book again. It
just keeps selling. And I said, no, I don't want.

Speaker 8 (01:03:13):
To do that.

Speaker 13 (01:03:13):
It's too old. It's seven eight years old. Why don't
we do a revised edition because there has been so
much happen in the last seven years that I think
there's a lot that people you know, the continuation of
the story if you like. But also, Mike, I wanted
to share. I genuinely wanted to share some of my

(01:03:36):
business philosophies and tricks for want of a bit of term,
because I'd started doing some university talks to young business
entrepreneurs and I found that quite enlightening and they loved it.
And so in the book, the new book, there's a
chapter there a bit how simply you can make money

(01:04:00):
in this life. It's not difficult, it's not complicated. In fact,
it's very simple. It's it's it's you know it's I
say it's easy, but a lot of people don't think
it's easy. But I actually think it's quite easy to make.
However much money you want to make.

Speaker 2 (01:04:16):
Well, there's a funny story in the book where you
dreamed or wanted to make a million dollars a week
and when you when you got the you couldn't believe.
Are you driven by money or are you driven by success?

Speaker 19 (01:04:30):
No?

Speaker 13 (01:04:31):
Absolutely, no, I'm not driven by money. Money is a
byproduct of hard work and good decisions, that's all it is.
In fact, the more money you make, the more tax
you pay, and you know, and the more the government
hounds you for more money. So but no money. And
I think that's evident because when I go on a racetrack,

(01:04:53):
you're actually competing with a whole heap of other people
that are all trying to do the same thing. So
it's all about the game. It's all about you know.
As a young feller, I managed to win a chess championship.
I knew nothing about chess, but I quickly allowned how
to play the game, and I won a championship and chess.
So I've always liked the challenge and the winning. There's

(01:05:17):
no better place to stand than on the podium.

Speaker 2 (01:05:20):
Well, there you go. Listen, Tony hold on a couple
of moments, will you There's no better place to stand
than on the podium. More with Tony Quinn in the
Moment thirteen Past the Mic.

Speaker 1 (01:05:29):
Asking Breakfast Full Show podcast on iHeartRadio, coward By News Talks, EPI.

Speaker 2 (01:05:34):
News Talks A quarter past Age. I guessed as Tony
Quinn the reissuing of the bog zero to sixty and beyond. Tony,
you sort of answered it before, but to a degree,
you come from a time and a place. You start young,
you start with nothing, you make a fortune. Do you
think a young person born ten years ago, fifteen years ago,
in the world in which we now live, can still

(01:05:55):
do that and live that story.

Speaker 13 (01:06:00):
I don't want to sound weird, but I actually think
it's easier today than it's ever been. And the reason
I say that is one of the main ingredients to
be successful in life and business is to work hard.
And I can tell you that when I was a
young fella, I'm going to say a lot of people

(01:06:24):
worked very hard because that was what they did, and
so you were just one of the many people that
worked hard. Nowadays, as I look around, as culture society
has designed it, a lot of young people don't really
work that hard, and so if they're prepared to work hard,
it actually is easier for them. Now it's all different

(01:06:47):
and a lot of young people going like Picca is.
But working hard is really just that working hard and
that doesn't mean digging holes for twelve hours a day
means focusing on whatever you're doing for twelve hours a day.
Twelve hours is a long time, and you can achieve

(01:07:07):
so much in that time, and so I do. I
think absolutely humans have done it all along their journey.
You know, the generations before us, and I'm sure the
generations after us will. The problem that we've got not
the problem that we've got, but the issue that we've
got is that the world keeps changing. You know, we

(01:07:29):
had COVID, nobody saw that coming. We've got cryptocurrency. You know,
nobody saw that coming, even you know, and what is that?

Speaker 15 (01:07:39):
And do we do?

Speaker 13 (01:07:41):
I understand it? No, but young people will understand it.
I just spent ten days in Italy, and so what
the Romans did two thousand years ago, it was fantastic
that they did. So no, I think young people today
can certainly make their way in life very successful. And
you know, I mean you and I make we wonder

(01:08:04):
at YouTube stars and Instagram influences of that just wasn't
a career choice when we were at school.

Speaker 2 (01:08:12):
It is what's your thinking around family and wealth in
terms of do you help your family now because you
can more than you might have, or do they have
to make their own way in the world.

Speaker 13 (01:08:25):
Nobody knows the answer to that. Make it's a conundrum
that everybody that's been successful and made money and life
is not about money. It's just one of the things.
But money is a tool and it can be used
in a positive fashion or it can be used in
a negative kind of fashion, and nobody knows the answer.
I've spoken to many, many successful, wealthy people, and we

(01:08:50):
all wonder what the best thing to do is with
our families. I chose to basically give my family enough
wealth that they can do do something with earlier in
life because they had achieved, they had helped build my empair,
and so I gave them a share of it early

(01:09:10):
so they could go on and achieve things in their life.
And they've all done different things, so you know, nobody
can tell that one. I don't know what the answer is.

Speaker 2 (01:09:19):
One of the things you have done is giving back
to motor racing in this country, of course, and you've
set up various foundations. You're helping a lot of people.
And one of the people you helped early on as
a young man called Liam Lawson, who this coming weekend
is turning up in Austin, Texas. And you must be
as we all are, as excited as anybody.

Speaker 13 (01:09:36):
Yeah, I mean, Liam's a great driver and he proved
himself actually at Highlands at the Grand Prix when he
passed Marcus Armstrong on the outside of the last corner,
which is a very brave move to do, especially in
the damp. So he got signed up by Red Bull
the next week. But there's many many other talented kiwis.

Speaker 15 (01:09:55):
I don't know.

Speaker 13 (01:09:56):
I don't know what happens over there, but there's a
lot of talented kiwi that can drive very well and
on the world stage at the moment, you know, we've
got Scott McLoughlin and Shane van Gisberg and over in America,
they had a fantastic job and both of them, you
know guys have been involved with as well, and you

(01:10:18):
know I'm just very pleased to see all these young
fellas doing very well.

Speaker 2 (01:10:23):
It must be tremendously satisfying having watched you for a
number of years and all that. It must be of
all the things you've done in the stages of your life,
and this must be the golden time. I mean, you're
giving back, you're successful, you live your life the way
you want to live it. I mean, you can't ask
for anything more than that, can you?

Speaker 22 (01:10:39):
No?

Speaker 13 (01:10:40):
And as Dan Gaunt would say, it's my purple patch.
I don't know what that means, but he keeps calling
it the purple patch. But I'm very very happy with life, Mike.
I mean, I can't ask for anything more. You're quite right.
I'm sixty seven years old. This weekend I'm going to
Sydney to raise a Porsch GD four. And when they

(01:11:00):
say race, I don't race anymore. I just go round
and round, you know. But I have a fantastic life
and have very recently bought a farm in Brisbane, and
literally in Brisbane. I mean it was established in eighteen
sixty that's so old it is. And I just love

(01:11:21):
it there. I just love the rurals. I mean, I'm
surrounded by suburbs, but I just love it.

Speaker 2 (01:11:27):
Good on Well, congratulations again on the book number one
best seller. Let's Tried Again zero to sixteen beyond Tony Quinn,
owner of Hampton Downs and Highlands and TAPA and Big
and Motorsport and all that sort of thing. But it's
a great read, this great story and plenty of motivation
there for you.

Speaker 16 (01:11:42):
Eight twenty two My Costel Breakfast with Bailey's Real Estate
News talks.

Speaker 2 (01:11:47):
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inzent or on the old phone eight hundred triple nine
three oh nine fosket Mike, great interview with Tony QUINNI
saved Hampton downs and we should all be grateful for
his generosity. Couldn't agree more, Jonathan Mike, good interview with

(01:12:52):
Tony Quinn, inspiring all our kids. Should hear it, Mike,
Tony Quinn nailed at hard work still required for success.
It's always good to hear from people who have done well.
And it's the classic simple story. Start with nothing, work hard,
take some risks, some pay off, some don't. The question
I didn't get around to asking, you know, I must
sometime in future when we talked to him, so he

(01:13:13):
got you bought the RJ's licorice and Darryl Lee. You know,
these are names that you'll recognize. He was in the
pet food though. And it's that interesting thing in life,
whether you want to chase success or whether you're driven
by the individual products. See I mean I look at
him now and he owns all these race tracks. I mean,
who doesn't want to own racetracks? I mean, what a
cool job?

Speaker 8 (01:13:33):
What do you do?

Speaker 2 (01:13:33):
Owned some racetracks? But is it still cool when you go, well,
I own a pet food shop. You know, eh, pet
food so interesting? I mean are you driven by the
product itself or what you're doing specifically, or is it
just the general idea that you're meeting a market and
you know, selling people stuff they want. My great interview
with Tony sounds like the guy I'd like to sit
down and yarn with for a while. I'll go by

(01:13:54):
the book. I would recommend it. This business that Kea
Starm has come up with, he's come up with a
lot of weird stuff and he's only been in charge
for about one hundred and three or four days. He's
going to give large people who are unemployed free weight jabs.
So it's not as Zimpa, it's the other one. It's
maduro whatever they call it. So if you're unemployed and

(01:14:15):
if you're overweight, the government will pay for you to
get thin. Is that fair? If you're overweight and working
hard but can't afford the jab, how does that work? Anyway?
Rod Little as well as out of the UK after
the News, which is next, You're on the Mike Costing rods.

Speaker 1 (01:14:34):
By News Bold Opinions the mic Hosking breakfast with the
Range Rover Villa designed to intrigue.

Speaker 22 (01:14:42):
Can use Tom sed b Mike.

Speaker 2 (01:14:44):
My seventeen year old grandson, Cameron Hillton is off to
go go karting the World Champs in Italy. He left yesterday.
Well you must be very proud, and I'm sure you're
very excited, and can I just say I stumble upon yesterday.
David Dickers is a name you probably should acquaint yourself
with because he parks himself in the middle of Canterbury
and he's an extraordinary story, interesting bloke, eclectic as so

(01:15:05):
many successful people are. But he made money or was
making money in the data world. And he's Australian. But
he parked himself at Mount Lyford and the facility he's
got there and he makes the road in cars and
roadent cars behind various races, including Lewis Sharp and Liam Lawson.
He I discovered yesterday and what I poge you call
the podcast. He was chatting away about life and times,

(01:15:26):
couple of interesting things. And because he's laconic and Australian
and he's got that kind of I don't care what
I say vibe about him. He gave away what I
thought were really interesting numbers. Louis Sharp and I refer
to the cart and carting is the only motor racing
you can do on a wage or a salary. Regular
people kids can go go karting, but once you get
beyond that, if you're any good, you need so much money.

(01:15:48):
It's not funny. He's funding Louis Sharp, and Louis Sharp's
been running in the domestic the GP three and won
it in Britain, and that seat costs nine hundred thousand
dollars a year. Most families don't have nine hundred thousand
dollars a year. So people like David Dicker's sponsor, people
like Louis next portter call maybe something like F two,
which is where Liam's been before, Marcus Armstrong's been before.
That's it costs you one point three million euro so

(01:16:10):
good as two and a half million New Zealand dollars.
You don't have that either, so you need to find
somebody to do it. He put money behind Liam Lawson,
did David Dickers. He's put a million bucks behind Liam
Lawson and normally these numbers are all confidential, but he
said it's all upside to red Bull he gets nothing back.
If Lawson or Louis Sharp make it to F one,
he might might get his money back. Apart from that,

(01:16:32):
it's philan philanthropic basically at the end of the day.
So it's an interesting insight. But he makes these roading
cars and they're they're worth them all by themselves. Twenty
one minutes away from.

Speaker 16 (01:16:42):
Nine International correspondence with ends and eye Insurance, Peace of
mind for New Zealand business and brotting Rod.

Speaker 2 (01:16:49):
Little of morning to you now you are you excited
about mister Tuckle speaking of sport? Is he the man
for the day, or the age or the hour?

Speaker 15 (01:17:01):
Whoever takes up this poison Chalice has my full support,
sympathy and benediction when they leave. I think he's a
good idea. He's a very good football manager. He's been
very successful, he's won tournament. The objections over here are
a that he's had a rather tangled sexual life, which
doesn't bother me at all. This is based on the

(01:17:23):
fact that most famous manager Sir Ralph Ramsey, who won
the World Cup, probably never had sexual intercourse at all.
Number two is that he is He failed at Chelsea,
but everybody fails at Chelsea. It's a club which would
suck the last bit of light out of the universe.
And thirdly that he's German, of course, but you know

(01:17:47):
people who think that our football manager has to be
directly descended from King Alfred. That boat has gone and
went a long time ago. We've had sendure and ericson
if Fabio Capello. This guy seems to be a good bet.
I would slightly preferred it if it had been Pep Guardiola,

(01:18:09):
But for a four million quit a year, I don't
object to give to a Cherman good stuff.

Speaker 2 (01:18:15):
I want to get to the House of Lord's vote
in a moment. But there's assist dying bill. How I
assume it's as controversial beer as it is everywhere around
the world.

Speaker 15 (01:18:25):
Well, you guys are a bit ahead of us here.
I mean you went through for you in three, three
or four years ago. It is controversial. It is subjected
to the not quite clean but fairly clean left right
split in that the left is by and large in
favor of it, and it's being introduced as a private

(01:18:46):
members will by a labor NP him led better. But
it doesn't quite break down mycra We've had the Archbishop
of Canterbury, Justin Welby, who made an intervention today and said,
you know, it's slippery slope. There was no mention of
the sanctity of life, which you might have expected from

(01:19:06):
the head of our established church. By the same token,
someone on almost as grave an ecumenical tower as Justin
Wellby Esther Ransom, Dame Esther Ransom, she of That's life
and so on, has also intervened. She is signed up
to Digictaus in Switzerland because she has stage four lung

(01:19:28):
cancer and which is not to prolong her existence for
very much longer. So yeah, it's controversial, it's difficult, it's
very very emotive. The bill will finally be debated at
the end of November. But I think that the guests,
looking from the way the public is and the way

(01:19:49):
the Parliament is it will go through.

Speaker 2 (01:19:51):
As regards the Lord's vite, which is sort of on
its mary way as well, Is that remotely controversial or
just one of those bits of business that needed tidying
up and sorting a long time ago and no one
got around and doing it.

Speaker 15 (01:20:06):
I don't. I don't think there's an enormous amount of
controversy in that. Uh you know, I think I think
there's a lot going on at the moment which is
problematic for the government, which is also obviously problematic for
the opposition. And I don't say that it's scarcely registered

(01:20:27):
over here, but then very often what what the what
the House of Rules doesn't register over here at all?
That other people are more interested than we are.

Speaker 2 (01:20:38):
Interesting that the weight loss jabs thing strikes me? Is
that controversy because it's it's I get what Starr's watching
Starmer and standing outside Number ten yesterday saying it's good
for the health system, it's good for people, it's good
all that. I get all that. But if you're overweight
and your work but you don't have the money for
the JEB, how is it by being the same size

(01:20:59):
and yet jobless, the government will how does.

Speaker 15 (01:21:02):
It square Yes, it's very difficult, isn't it. It's very difficult.
My argument has always been the way you get people
back into the workforce is by making the difference between
being on the dole and being in work significant and
therefore an incentive. I cannot see uh. And I think

(01:21:23):
the hereditary peers, by the way, might well have vote
in favor of this. They're all last in size. But
that's besides the point. I think. I don't think they've
got this quite right. There is undoubtedly a movement in
this country and across the world, and you've probably seen
it as well, which which welcomes these weight loss drugs

(01:21:47):
such as a zempit with open arms and thinks that
it might be a panasy for all of our reals.
It may well be. I'm not a I'm not a chemist.
I'm not I'm not a physician. But I've read an
awful lot about the good that it can do. What
I don't think that it can do is is cure slow. Yes,

(01:22:08):
if I can put it like that, I don't think
that it will. I don't think that it can do that.

Speaker 2 (01:22:13):
No, exactly, we thought we might have moved on with
the business of the freebies but he gets the tickets
to the Swift concert. And I can't remember the name
of the woman who was a minister who was on
the radio the other day, who also got tickets to
the Swift conference. And she was busy trying to justify
the whole thing because they were difficult to get and
the kids were whining they wanted to go. Then we

(01:22:33):
come to Soakia, who gets the Swift tickets but then
gets to meet Swift.

Speaker 15 (01:22:40):
Yes, it seems to be inconceivable that he would have
been able to meet Swift had it not been for
the fact that he answered. Carl and various other members
of the Labor Party loved with the Metropolitan Police to
make sure that Taylor Swift got a very good escort,
the sort of escort you would give to someone like
Vladimir reputed if he decided to come to the country.

(01:23:01):
It's very difficult to argue otherwise. Because this all happened
subsequent to that decision being made. He apparently had a
ten minute audience with Her Highness. I don't know what
they talked about. Hopefully he tried to tell her about
his great British Energy Consortium, which will have riveted her
to the spot for those ten minutes. But this is corruption.

(01:23:26):
You know, it's very low level. You know, this isn't
Russian oligarch stuff, but it is a form of corruption.
And there were ten senior labor politicians who've got these
freebies to go and see Taylor and sit in boxes
and have a bit of shampers, you know, while listening
to this vacuous drivel, and it just rubs the public

(01:23:49):
up the wrong way, especially the people in the country
who would have very much liked Taylor Swift tickets and
were probably more appropriately aged, you know, ten or something.
So it does play with the public.

Speaker 2 (01:24:06):
Yes, it does. Go well, mate, we'll catch up on
the catch up on. I was going to say we'll
catch up on Thursday, but given it's already Thursday, let's
let's make it Tuesday, shall we? Fourteen away from eight.

Speaker 1 (01:24:18):
The Mike Asking Breakfast Full Show podcast on I have
Radio powered by News Talks at b.

Speaker 2 (01:24:24):
Where it is eleven away from nine. At last, we've
woken the media up in this country after the Solicitor
General talk. So far that we started on the program
Monday and it's finally arrived in the Herald today. I
think even Radio New Zealand woke from its slumber write
a little something on the subject yesterday. This is the
Solicitor General's instruction to the police prosecutors to quote unquote
think carefully before they start charging too many marry about

(01:24:47):
the place anyway, Audrey Young gets to it this morning.
It is astonishing, good word, astonishing that a seasoned Solicitor
General has got herself into political difficulty over the latest
revision of the prosecution guidelines. Astonishingly good word. She did
not foresee the political difficulty it would place the government in,

(01:25:07):
or she did foresee and continued anyway, which is my argument.
I believe you're getting pushed back from the public sector.
She's been appointed by a number of people. She's an
interesting woman. Chris Finlesson appointed a David Parker, reappointed a
Judith Collins, re reappointed a Judith Collins. Out of the country.
But I think it's all going to hit the fan
when she gets back into the country. There are limits, rights, Audrey,

(01:25:27):
to the independence of the Solicitor General, and her actions
are inviting unnecessary tension in her relationship with the government.
At the very least one would expect Crown Law's General
policies such as prosecution guidelines not to conflict with government direction,
Hella Frickin Louyah, somebody Else's Finally Spotted It nine to nine.

Speaker 1 (01:25:51):
The My Costle Breakfast with Alveda Retirement Communities.

Speaker 2 (01:25:56):
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(01:27:00):
read the hereditary bit of lords that we were talking
about with Roder moment ago. Is it weird of me?
There's a guy quoted Lord Devon, who is hen hereditary peer.
There's only two countries in the world that do hereditary
peers anymore, and one is Britain and one is Lessoto.

Speaker 13 (01:27:14):
So you know.

Speaker 2 (01:27:16):
Anyway, the fact that I'm doing a job that was
granted by the Empress Matilda to my four bear in
eleven forty two and it's still ongoing and still functioning
is a remarkable example of consistency and continuity. Am I
old fashioned of thing? That's quite nice? I quite like them?
Five minutes away from.

Speaker 1 (01:27:33):
Nine trending now with Chemist well House great savings every day?

Speaker 2 (01:27:39):
Is I right? Or was I right? Sabrina Carpenter. Right,
go to a concert. What's her big song? Espresso? Here's
how it goes.

Speaker 1 (01:27:46):
I'm working.

Speaker 2 (01:27:51):
Oh, we look silky, Sabrina Carpenter, Espresso. But when you
go to the concert and you stand next to this woman, this.

Speaker 19 (01:27:59):
Is what you.

Speaker 2 (01:28:12):
See. What I'm saying, I risk my case. No one
wants to hear you sing two hundred pounds per ticket
on average to see Sabrina Carpenter. That strikes me as
mesmerizingly about one hundred and ninety nine pounds too much.
Who was the woman who fell through the stage this week?
Was that Rodriguez?

Speaker 22 (01:28:32):
Yeahrodrigue?

Speaker 15 (01:28:35):
Yeah?

Speaker 2 (01:28:36):
How is it you don't check the stage? What's a
sound check for? If you're going to go and do
a concert and in the middle of the concert you
fall through the stage, don't get tricky.

Speaker 22 (01:28:47):
I mean if the stage is black and the hole
was black and she hasn't got a contact in. Yeah,
but she fell through it, not not on it.

Speaker 2 (01:28:55):
She didn't fall off it. She fell through it. Wouldn't
you go you know, I tapped it feels fairly solid
to me. I don't want that happen. I felled through
the thing the other day. You know, yeah, it seems
okay to me. Didn't care organize my security detail, by
the way she'd ask. Anyway, that is us for the day.
Worked out okay. In the end, you weren't here before

(01:29:15):
the show started. Oh it was all hell to pack.
Actually it possible. It was just in the morning. I
thought I'd end in a dramatic note, but that's sort
of gone a bit flat now. Anyway, back tomorrow morning
at six heaby days.

Speaker 1 (01:29:32):
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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