Full Show Podcast: 18 June 2024

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Setting the news agenda and digging into the issues.

Speaker 2 (00:04):
The Mic Hosking.

Speaker 3 (00:05):
Breakfast with Bailey's real Estate Altogether Better across residential, commercial
and rural.

Speaker 1 (00:11):
On News Talk, Sed b.

Speaker 4 (00:12):
Welling Welcome, new economic forecast for our beleagued economy. New
rules for building stuff in your backyard. Winston Peters on
a transgender sport funding back down, Nicola Willis on planes
and Chinese interference and ets and carbon markets. Tom Buley
and the noise around him as New Zealand Motorsport's next
hot talent. Catherine Field as in France, and Rod Liddle
is in the UK. Pasking welcome today seven past six.

(00:35):
Seems we have a hole. It could be a three
billion dollar hole. ACC have an investment fund. The money
earned theoretically pays for all of the claims made until
it doesn't, which it isn't. Hence the three billion dollar hole.
Part of the revenue stream of the levees. Of course,
different people paid diferent a mounts and different ways. I,
for example, pay way too much and have done for years.
The suggestion when they go to reset the levees, which

(00:57):
they're about to do, is that the levees need to
go up by as much as twenty five percent to
cover the liabilities the levees bring in currently a bit
over six billion dollars a year. That's a hell of
a lot of money for a small country on falling
over or off step ladders. So a couple of things there.
When you put up something that my and large you
know is a lot that of course adds to our

(01:17):
ongoing inflation battle. It is yet another cost we will
need to find from an income stream that for most
of us anyway, isn't able to be adjusted to simply
offset new price rises. The other thing we might like
to look at is why these claims are so high.
Nearly two million new claims were accepted last year. What's
wrong with us? I mean, to be fair, eye was one,
but two things about that. One that was my first

(01:39):
ever claim, and two I only claim because my wife
went off at me when I told her I was
happy to pay the bill given to my mind, it
wasn't actually an accident. This is where the issue, or
at least part of the issue, might lie in my
one off experience, but certainly in my wider families experience.
Everything's acc It's like blood tests because you don't pay
for them. They hand them out like lolly water. The
first thing the medico does is try and work out

(02:01):
what sort of accident it was, Even if it wasn't
an accident, there are almost They're desperate, desperate for you
to make a claim to get yourself fixed up on
good old acc whether it's genuine or not. I had
a frozen shoulder. Was it an accident? Did I do
something specific? I didn't think so, it just happened that
to my mind wasn't an accident. Therefore wasn't a sec
But the system led by my medico will tell you differently,

(02:23):
And so I was one of the over two million
new claims. What seems free never is, and then it's abused.
And when it's abused, you're looking at putting the levees
up by a quarter. It is not a good way
of doing business.

Speaker 1 (02:37):
News of the World in ninety.

Speaker 4 (02:39):
Second's start with the war when itna who's dissolved as
war cabinet and the knives are out.

Speaker 5 (02:43):
Question of Sir Letagno's greet one power. Sooner than later,
the distrust and the rioting and demonstrations in the streets
will eventually topple the government it's just a minute of
time to the rights.

Speaker 4 (03:00):
Rushi is still full of.

Speaker 6 (03:01):
Hope, still two and a half weeks to go in
this election. I'm fighting hard for every vote because I
believe we can win. Labor are just going to sadden
you with more taxes and that's the choice in this election,
and that's what I'm fighting very hard for.

Speaker 4 (03:12):
Although possibly slightly, of course, he did give himself immersed
in the debate over songs being played at the Euros.

Speaker 6 (03:17):
German authorities are concerned about English football fans singing Second
World War at songs. Well, what's your message to those
fans out in Germany at the moments? See I agree
what Gareth Southgate has said about that charn in the past,
and what we want is to represent the best of
our country and that means more goals from Jude Bellingham
and more singing of Heyjude.

Speaker 4 (03:34):
Our meantime, Nigel is ribbling in his newfound popularity as
he launched the Reform menifesto.

Speaker 7 (03:39):
It's fresh thinking, it's outside the box. It's not what
you're going to get for the current Labor and Conservative
parties who are virtually indistinguishable. I'm ashamedly radical. No, no,
there's no rowing back for me, no apologies for me
on this. This would represent a fundamental transformational change.

Speaker 4 (03:56):
Not so keen on the idea of joining the Conservatives.

Speaker 7 (03:59):
Though, argument for maybe joining the Tory Good lord, No, no,
that's a moronic question to ask.

Speaker 6 (04:03):
People can see from space that right now you are
not ruling out becoming a member of the conceptive pasty.

Speaker 1 (04:09):
I will not become a member of them.

Speaker 7 (04:11):
I have no intention of being in the Conservative Party
at any point.

Speaker 1 (04:13):
No intention is just less specific. I'm sorry to be
boring about you.

Speaker 4 (04:16):
Your viewers are interested in this, yes, exactly. Then in
New York it is hot, so hot right now.

Speaker 8 (04:22):
And we expect to hit peak heat on Thursday and Friday,
with the heat index possibly reaching ninety nine degrees. With
climate chain leading to more frequent and intense heat, summers
are different than they were before.

Speaker 4 (04:37):
Is it disappointing if you got to ninety nine or
not one hundred? Don't you wanted to go to one hundred?
Also in America. Finally, new research has found that if
you had steak and chips a couple of times a week,
even if the steak is just the size of you palm,
are you risk stress and anxiety increases. They found that
the food alters active genes known as feel good neurotransmitters
to give you heightened anxiety. Staking chips, you get more anxious?

(04:59):
Is it the staf there?

Speaker 9 (05:00):
Is it?

Speaker 10 (05:00):
Chips?

Speaker 4 (05:02):
Is it the source news of the world in ninety six?
Just quickly on that knit and Yah who wore cabinet
the Yeah, he was under tremendous pressure, by the way,
from a bunch of fire Right ministers going hey, if
old Benny doesn't want to be in there, we will,
let's go crazy. So he couldn't handle that. So he's
dissolved that. So he's under tremendous pressure at the moment.
Things not going well for him.

Speaker 1 (05:20):
Twelve past six, goe my costing breakfast.

Speaker 4 (05:26):
Although he called it the other day and it was
a surprise. The official campaign in France kicked off overnights
in New Zealand time, so it was a weekend of
violent nationwide protest. They're pushing it back against the fire Right,
but the Frawright are doing well. This a guy called
Jordan Bidella you need to know about which is good
because we got Catherine Field on in about half an hour.
Six fifteen.

Speaker 11 (05:45):
From JB.

Speaker 4 (05:46):
Well, Andrew Keller had good morning, very good money. Mike,
those services numbers look dreadful.

Speaker 12 (05:51):
Oh no, you spoke about this earlier this morning. I'm
starting to feel like the sort of obligatory daily profit
of doom on this show.

Speaker 4 (05:58):
Mike solivering the numbers of the numbers.

Speaker 12 (06:00):
Mate, Well, this is it, you know, I'm delivering another
piece of data drawing attention to the song. The thing is, Mike,
I'm not trying to find this data. The data finds us.
I mean, it's just out there now. So yeah, Friday,
we've got the release of Ben said Business New Zealand
Performance of Manufacturing Index yesterday, Performance of Services Index just
quickly recapping the PMIFL one point six points printed at

(06:22):
forty seven point two. That particular gem has been a
contractory state or under fifty four to fifteen months. And
I do want to point out one other little, little
wonderful piece of information. The new order is sub index
and Manufacturing at forty four point four. That measure has
been in contraction for twenty one months. During the GFC
it was only in contraction for fourteen months, so we've

(06:44):
gone fifty percent longer than in the GFC Services. Now,
the thing is about the services sector for people out there,
it is a big part of the economy, you know,
probably two thirds of the economy, and it will be
nice if it balanced or off set the weaker manufacturing sector,
if it was a sort of a chirpee cheery rebuttal
but it's not because the pmish, Sorry, the PSI, the

(07:07):
Performance of Services index has printed at forty three point zero.
That is the lowest level of activity for a non
COVID month since the survey began. So that is back
in two thousand and seven. It fell three point six
points in April, and it's actually worse than it was
at the peak of the GFC, so at forty three.
The long term average is fifty three point three. And

(07:29):
when you drill down into the detail, you actually start
to see some very worrying signs because those sub indexes
that point to the level of demand, the sort of
forward looking type indicators, so activity in sales, new orders
and business forty point nine and forty two point six, respectively,
they are really weak. And here's the thing. We look

(07:50):
very different to the rest of the world at the moment.
The JP Morgan Global Manufacturing PMI is at fifty four
point one. It's quite different. And you drill down in
the regional blocks, you're not seeing services sectors with the
sort of miasma of defeat that we are seeing in
New Zealand. And this suggests downside risk to your GDP

(08:11):
for the second quarter. We get GDP for Q one
this week, right, Look, you may get a small positive
number MIC, but then the second quarter just looks really weak.
So yeah, the data is finding us. We're not trying
to find the negative stuff.

Speaker 4 (08:23):
I think Q one will be negative and I think
Q two will be even more negative. I'm afraid to say,
give me some good news Infratil, so there are after
more money. Presumably they'll get it.

Speaker 12 (08:30):
Yeah, they will. I think this what they're doing, so
this is a positive story. Yeah, Infratil are looking to
raise more capital for a good reason because the data
center business that they're invested in is booming. So Infrastructure
Investor listened on the ins and X they went into
trading hot yesterday. They're looking to raise one point one
five billion dollars MIC to fund the next stage of growth,
a further investment in CDC, where they already have the stake.

(08:52):
As I said, look, this is a big capital raise.
Mic a billion dollars of it is underwritten, that's a
placement and then a retail offer of one hundred and
fifty million at ten dollars fifteen a share, so it's
just under seven percent discount to the last traded price.
Now you may recall that they did another capital raise
back in June twenty twenty three. They raised I think
it was about eight hundred and fifty million to buy

(09:14):
the other half of one New Zealand or the old
Vota phone business. I assume this will all be subscribed,
that you will see a thirteen and a half percent
increase in the number of shares. They will then put
six hundred and forty five million into CDC. That's been
a fantastic investment for infertil. I think their state now
is worth over four billion dollars. CDC are ramping up
their developments in New Zealand as well, so they've got

(09:36):
data centers here too, as well as in Australia. Huge
growth in demand for data center capacity. You've got increased
cloud adoption businesses investing into generative of AI data centers. Obviously,
the infrastructure that support that. If I look at the
inns and xys, they mike it was actually down one
point four percent. But what I think was happening there
is you got investors sort of selling other shares so

(09:58):
they can fund their just of more infantal shares. So
while the market reaction was negative yesterday, I think that's
actually quite a positive development.

Speaker 4 (10:07):
Positive story.

Speaker 12 (10:09):
Now Jones is up just under two hundred points, so
there's a positive for you too. That's about half percent.
Thirty eight thousand, seven hundred and eighty seven S and
P five hundred up just under one percent five four
eight three, and the Nasdak up one point one seven
percent as we look at it, So that's all looking
pretty good. Seventeen thousand, eight hundred ninety six on the Nasdick,
the fort two one hundred lost five points eight one

(10:29):
four to two. The Niket was down just under two
percent actually, so big four there yesterday three eight one
oh two, Shangha composite three oh one five, the OSSI's
down twenty four seven seven OO, and the internets fifty lost.
As has said, one point four percent of Stay closing
in eleven thousand, six hundred and ninety eight on the
currencies one Keywi dollar will get your point six one

(10:51):
three to two us on the wholesale markets point nine
two six eight Ossie point five seven one four eurozo
point four eight two five pounds ninety six point seven too.
Japanese yen gold is trading at twenty three hundred and
seventeen dollars and brink crude eighty three dollars and ninety
eight cent.

Speaker 4 (11:07):
Make catchup tomorrow, Andrew kellerherjmiwealth dot co dot m z
cosky China, please come in China. Retail sales beat expectations.
They thought an increase of three percent, They got three
point seven. Industrial output up five point six percent, fixed
asset investment up four percent. Those were amiss, but nevertheless
some growth is still there, and we're interested in China
for well obvious reason. Six twenty one. Here in new stalk,

(11:30):
z'd be.

Speaker 3 (11:34):
The Mike Hosking breakfast.

Speaker 4 (11:36):
Mike ACC and tourists who come here are well covered
by our system, having contributed ZIP. That's the that's the
age old argument. It's a weird thing. The Americans must
look at us and think we're crazy. ACC could stop
fully funding some activities which are crack quackery. Think you kent, Mike.
Getting you onto ACC gets you out of a very
broken health system. It's why your medico is keen to
get you there so you don't have a dozen more
birthdays before you get treated. Funny enough, when I was

(11:59):
still paying for it, before we got the paperwork and
all that sort of stuff. And this goes back to
my overarching theme. All the people I know of late,
and there've been a few of them in some sort
of touch with the health system in this country, have
nothing but praise for it. This whole concept that the
thing is bugged, and I'm sure in parts it is.
I'm sure if you go to A and E on
a Friday night or a Saturday night, yep, you're going

(12:20):
to see it. But in terms of going to a
doctor to get a referral, to get a scan, to
get an X ray, to get to a specialist, all
I can tell you is things appear to work. Now
you'll go no, they don't, and then undate me.

Speaker 13 (12:32):
Mike.

Speaker 4 (12:32):
The only anxiety I feel around eating steak and chips
is the cost of the meat.

Speaker 2 (12:36):
Paul.

Speaker 4 (12:36):
You realize the meat's gone down, and that's the other story.
You're not hearing. Of course at the moment is the
numbers came out late last week. Food inflation's gone through
the floor. Vegetables and fruit because of the season are
absolutely collapsed in price. Steak meat has gone down in
price in the last year. And you're going, no, it hasn't. Yes,
it has, and that's official.

Speaker 1 (12:56):
Sex twenty five trending now a square house, the.

Speaker 4 (13:01):
Skink Seinfeld's going viral. It all kicked off a pro
Palestinian hickler turned up at a Sydney show Sunday night.
They stood up and started yelling out from the river
to the sea, Pearlstine will leave him.

Speaker 14 (13:13):
We have a genius, ladieship, gentlemen, He's solved the Middle East.

Speaker 12 (13:20):
It's the jewest to me is that's who.

Speaker 14 (13:23):
We have to go.

Speaker 1 (13:25):
There, the one's doing every day.

Speaker 14 (13:28):
They're gonna start punching you in about three seconds, so
I would try and get all of your genius out
so we can all.

Speaker 15 (13:35):
Learn from you. It's a part of cell you w yes,
So they're really influencing everything here. We're all we're all
on your sign now because you have made your points.

Speaker 14 (13:56):
So well, you have to go ty thousands files from
the problem and screw up a comedian. That is how
you sove world issue.

Speaker 4 (14:07):
Got tickets to the show next week. Not that I'm going,
of course, because I find myself getting out of bed
for reasons best known to myself at two in the morning.
But others in the house will be going and very
much looking forward to Jerry Seinfeld. Interesting person wrote to
us the other day and said, what's your feeling on
going to Jerry Seinfeld? Will you be boycotting? And they
had bought tickets, but things had unfolded at US universities

(14:29):
and so they felt now conflicted and they weren't sure
whether they would go or not. Some people so weird.

Speaker 3 (14:36):
You're trusted home for News Fort Entertainment's Opinion and Mike
the Mike Hosking Breakfast with Avida Live The Age You
Feel News Talks eDV.

Speaker 4 (14:47):
You should know the name Bardella, Jordan Bardella. He's twenty
eight years old. Why is it significant? Because of the
RN do well in France, and they are doing well
in France, and they tip Macron in a way that
he can't handle, which they look like they will. If
you're following the Bardella is going to be the Prime
Minister Macron will have no other option but to offer
him the job of prime minister. He's twenty eight years old,

(15:07):
he's the president of the party La Penn's party. Unemployed bloke.
Extraordinary story. I'll read it in the BBC if you
want a very good background profile of who he is.
What they don't know is what he thinks, where he
stands ideologically, what kind of person he is. These are
all unknowns. But he was a jobless school Leaber, Northern
Paris suburbs La Penn protege president of the party stand
by could well be the Prime minister of France. How's

(15:28):
that for a story. She's with us Catherine Field shortly
twenty three minutes away from seven right back to the
economic situation in which we faced currently in this country.
New forecast for our economy as we wait for the
Q one figure on Thursday. Of course, NZIAR have revised
their annual GDP stats for the year's ending March twenty
four and March twenty five. They're down to zero point

(15:49):
two percent and zero point six percent, respectively. Deputy Chief
Executive from the NZI, Christina Jung is with us. Christina,
very good morning to you. What what have you gotten
Q one by the way, for Thursday, you're going backwards
or forwards.

Speaker 11 (16:02):
So we are actually forecasting a flat result for the
March quarter of this year. Now, that reflects actively indicators,
which suggests weakness in construction and pre professional services. Overall,
we wouldn't be surprised if already either a small negative
or a positive, and that's generally a weak result for
the needs and economy.

Speaker 4 (16:21):
Okay, so I Q ones flat than Q two will
be flat air, won't it?

Speaker 11 (16:25):
Overall? In terms of the outlook ahead, we're expecting weeks
growth for the coming year.

Speaker 6 (16:30):
Now.

Speaker 11 (16:30):
That reflects combination of factors, the fact that we've got
high interest rates. The impact of that is becoming more
apparent in terms of dampening demand. Now, it's important to
remember that that's intended by the Reserve Bank when it
first increased the ocr back in October twenty twenty one.
It needed to reduce demand in order to take the
heat out of the news and economy so that it

(16:51):
can bring annual inflation back towards its one to three
percent inflation target band. But on top of that, what
we're also seeing is that heightened uncertainty regard the new
government's priorities when it comes to spending and also cut
back from the public sector. So what we're seeing is
that households and businesses are becoming much more cautious when
it comes to spending and investments.

Speaker 4 (17:10):
That is true when you go out to March twenty
five and you found zero point six percent. Where is
the growth? Where's it coming at? Is it Q three
Q four?

Speaker 10 (17:18):
So yes.

Speaker 11 (17:18):
So firstly, the latest ended AAR consensus is actually captures
the forecast of eight organizations which produce forecasts for the
New Zone economy that set the outlook. The average of
those forecasts are broadly in line with where we have
expectations for the news and economy. In terms of where
this growth is coming from, we are seeing strong migration

(17:39):
leap population growth, so on an aggregate level, it is
still expected to support demand across a range of areas,
particularly when it comes to construction. Certainly when we look
at the new to outlook for construction, if we look
at things like duelling, consent issuance and the ended al
core lesser business opinion architects measure of our pipeline when
it comes to construction actively across residential, commercial, and government work.

(18:03):
That still looks pretty weak for the coming year, but
we do expect that beyond the coming year, from next
year onwards, that aggregate growth that will start to pick
up given the strong migration that population.

Speaker 4 (18:14):
So you're broadly of that argument hang on in twenty
four and something arrives a bit better in twenty five.

Speaker 11 (18:20):
Broadly, yes, that is our expectation and also appears the
expectation of our ended a consensus panel off eight organizations,
and that reflects also the expectations that from next year
we will start to get interest rate decreases. Now, as
I was saying, we are what we're seeing at the
moment partly is a result of high interest rates stampening

(18:42):
demand so that inflation can reduce back to its one
to three percent inflation target ban. But once that happens
and the Reserve Bank is confident enough that the inflation
is anchored back towards the inflation target band, we will
start to see interst rate cuts and that will should
start to support demand across a range of sectors over

(19:04):
the coming years.

Speaker 4 (19:05):
I hope you are right, Christina Christina Leung, who's the
Deputy Chief executive at the end Z I might it's
a relief to hear our bat has got the seventy
nine runs required to defeat papour new guinea. I know,
I was just looking at that this morning point. Why
are we wasting our time with us? By the way,
a lot of you started already being exercised about Jacinda
Adern and her new progress. Her new Progressive Fellowship will

(19:27):
feature that shortly nineteen away from seven.

Speaker 1 (19:31):
The Mike Costing Breakfast.

Speaker 4 (19:33):
Interesting day to day if you followed the Toyota scandal internationally,
mainly in Japan. Of course, it wasn't just Toyota, but
Masda has been involved in it as well, and it's
to do with reporters Honda, Masda and Suzuki in fact,
but the chairman of Toyota. Toyota is facing potentially getting rolled.
They've suspended production of three models. It was to do

(19:54):
with certification fraudulent certification tests and the institutional Shareholder Services,
which is majority owned by the German capital market company
Deutsche balls Group. They advised at Vistas what to do.
There's a proxy report that Toyota should be considered ultimately accountable.
In other words, it's his fault. Buck stops at the
top and he should be rolled. A lot of the
shareholders of Toyota and Japan, of course, are Japanese companies,

(20:16):
Japanese banks, financial institutions. They're unlikely to roll one of
their own. But that vote is happening today. Six asking right,
I let us go to Catherine Field, who is in France.
Very good morning to you. Where's Catherine gone?

Speaker 1 (20:31):
I'm just here there?

Speaker 4 (20:32):
You you just here? You seem so close as well.
So the formal campaign, now, you had some riots and
protests and stuff over the weekend. How ugly were they?

Speaker 9 (20:40):
Not that ugly? I mean, we've seen some really ugly
ones over the years, and we might remember with the
yellow vest movement, but it wasn't too bad, very small disturbances.
I think the police eventually said there are around quarter
of a million people went out onto the streets. So
I think we'll see a lot more than that as
we get closer to the actual election day.

Speaker 4 (21:02):
Okay, So I'm reading about this badilla guy twenty eight
years old. I mean, depending on your taste, of course,
some say he's good looking, but he's very depper and
all of that sort of stuff. Who is he in
what chance he gets to be pigmh.

Speaker 9 (21:14):
Okay, Yeah, he's twenty eight years old. He's one of
the biggest, biggest names on French TikTok at the moment
he was elected to the European Parliament aged just twenty three.
We don't actually know that much about it because he's
never been tested in the reality of government. What we
do know is he grew up on a housing state

(21:34):
in the north of Paris. He remembers very clearly those
two thousand and five riots that we had here that
he said really focused his mind. The son of Italian immigrants,
he joined the National Front as it was when he
was aged sixteen. But I think we can absolutely honestly
say Mike that he's a bit of a blank canvas.

(21:56):
He seems to make the same speeches as Mahine La
Penn and her father before that. May the themes are
all immigration, identity, Islam, but where we sing a difference
with him is his tone and his style. He's very poised,
he speaks clearly, and he's been one of those blocks
that have softened the party image while he's been in

(22:20):
the European Parliament. He's been very disciplined. He's been on
message so far, but as I said, really doesn't know
about governing, has never really governed, and everyone is saying
he might, but it's actually Marine La Penn who's behind him.
She's guiding him, she's mentored him, and of course he
did used to be in a relationship with Marine La

(22:41):
Penn's niece. So we're seeing all these family ties and
everything come together and actually seeing who has been mentoring
him to look more respectable.

Speaker 4 (22:51):
Okay, speaking of governing, does Vandalaan survive, By the.

Speaker 9 (22:53):
Way, it looks as though she does survive. Mike, Yeah,
summit is happening as I speak, and Brussels all deciding
who's going to get what does look like Vanderlin will
get the Commission presidency, that strong voice right at the
center of the European Union. There was a lot of talk,
of course, that Mario Draghi, the former Italian Prime minister,

(23:14):
the head of the European Central Bank, might get the job,
but the fact that he's kind of not really talked
about anymore is perhaps an indication of just how weak
French President Emanuel macarl is in the corridors of power
in the U at the moment. Further down the list,
we love President to the European Council looks as it
will go to a Portuguese former Portuguese Prime minister, and

(23:35):
the top diplomat, the foreign policy chief will probably go
to the current Estonian Prime Minister. So a lot of
views about whether or not now as the time to
have some of those new EU members, and I think
that's why they're looking at the Estonian Prime Minister to
fill that post.

Speaker 4 (23:50):
They are the most fascinating of times. Catherine ketchup next Tuesday,
appreciated as always Catherine Field in France at twelve to.

Speaker 2 (23:55):
Seven International Correspondence with Insigneye Insurance submied for New Zealand business.

Speaker 4 (24:01):
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(24:22):
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Speaker 16 (24:30):
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Speaker 4 (24:31):
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Speaker 1 (25:02):
On my costal breakfast with Arvida News Talk Seppy.

Speaker 4 (25:06):
I'm having a look how this morning at the New
Zealander's Perceptions of Asia and Asian People's Report. It's now
in its twenty seventh year. There are twenty three hundred
respondents and the biggest threat and this shows you how
we're not awake to what's going on in the world.
The biggest threat we perceive to this country is North Korea.

(25:30):
Can I just reassure you this morning. North Korea is
capable of doing nothing zero. They can't figure their people.
They've got a big, fat guy who's mental running the place,
who says a whole lot of loud stuff that comes
to nothing. They fire the odd rocket over the Sea
of Japan. People get a little bit exercised every now
and again. When he's been barking too loud. The Security

(25:52):
Council have a bit of a meeting and they throw
out a sanctional two. Putin's going to visit him because
North Korea wants food and Putin some labor. So North
Korea is not our biggest threat, then we perceive Russia
to be our second biggest threat. Can I also reassure
you Russia is no threat to this particular part of
the world, mainly because you might have seen what they're

(26:14):
doing in the Ukraine at the moment, which isn't overly successful.
Has been going on for several years, and they're not
getting that far far less. Looking right down to the
bottom of the world and going hmm. I think we
all get the polue there. It's not happening, so once again,
not a threat. Third China, correct, should be one the
your problem. Are they expansionary yes? Are they moving into

(26:36):
our part of the world? Yes? Do they do it
in militaristic ways no, not necessarily. Do they do it
with money and influence, yes they do. They my friends
are your number one threat, followed then by Pakistan, Me
and mar if you think me and Mars if you're
come on, Me and Mara is not a threat to
New Zealand, followed by the US. It's just that's just

(26:58):
anti Biden sentiment. I'm sure France we have there in
the list, but we are down at one or two percent.
There is one percent of New Zealanders who think Australia
is the threat. Only on the sports field five minutes
away from seven.

Speaker 3 (27:11):
Bill the Ins and the Outs, it's the fizz on
the Mike Husking breakfast on News Talk, said b we.

Speaker 4 (27:18):
Had old time at the movie studios counseling to work
out what's a hit and what is an animated film
inside out that's had a big weekend, big big weekend
turn and fifty two million globally over this weekend, expected
to bring in eventually about four eighty That's the second
highest domestic opening of any animated film for Disney and Pixar,
first film since Barbie to even go past one hundred million.
That's despite there being some big star power movies that

(27:40):
really haven't hit the four Guy, Ryan Gosling, Emily Blunt
tooking forty five million. Dog Furiosa. I don't think they
pronounce it with quite that flourish furiosa. It's just furiosa
with Chris Hemsworth and Anya Taylor Joy. She was on
the grid at Monaco. She didn't come across very well anyway.
That took a ninety six million. Industry suffered fewer movies

(28:01):
strikes COVID. You know the story. Don't need to repeat that.
Twenty six percent drop and ticket sales compared with last year,
forty two percent drop compared with nineteen. The American summer
for blockbusters that's also expected, I've told you this before,
expected to be down. The summer started at a couple
of weeks ago, expected to be down one point three
billion compared to last year. So the thing is, here's
my take on it. They're not making movies the way

(28:22):
they used to. The only movies that draw people to
the movies are superhero movies, and that's because it's a
big screen experience. If you're going to watch something that
could be watched on a screen at home, you will
You're not going to go to the movies because it's
full of other people. People don't like people anymore. People
don't like crunching, they don't like slooping, they don't like

(28:44):
beep beep, turn your phone off, and they don't like
people talking during the movies. Therefore, people don't go to
the movies anymore. That what they do is they stay
at home. And that's my take on where the movies
are at now. I'm very interested in this business of
building sixty square meter things without resource consent because I
built two things with resource consent of late and they

(29:04):
were well, they're beautiful as far as things getting built concern,
but the resource consent was a pain in the bum.
So if I can build another thing with no resource consent,
I'm in like a robber's dog. So we'll need to
talk about that. Winston Peter's on transgender sport. Nikola Willis
is playing the prime Minister for us.

Speaker 3 (29:20):
The newsmakers and the personalities the big names talk to,
like my costume breakfast with.

Speaker 1 (29:27):
Jaguar, the Art of Performance news tog said, be.

Speaker 4 (29:30):
Seven past seven change coming to once you can build
without the myriad of red tape that goes with it.
The need for resource consent for a structure up to
sixty squares is going. The chairperson that Combined Building Supplies
co Op Carl Taylor's with us on this, Carl Morning,
good a, I broadly speaking, good idea or not?

Speaker 16 (29:45):
Oh?

Speaker 17 (29:46):
Like, I think anything that's going to create some more
affordable housing for people living, it's got to be a
good thing.

Speaker 4 (29:51):
Right, I reckon what about the engineer's report. I couldn't
work it out whether you still need an engineer's report
or not. I'm getting mixed messages. Do you have a
clarity on that or not?

Speaker 17 (30:00):
Yeah, I'm getting mixed messaging on that too. From my
understanding is that these little granny flats are still going
to have to meet.

Speaker 18 (30:05):
The building code.

Speaker 17 (30:06):
So you know, assuming that that's the case, and I
don't think we've got too much to be concerned about
in that.

Speaker 4 (30:10):
Case, what's the point of resource consent? Having built a
couple of things in the last couple of years. I
cannot for the life of me, apart from the council
somewhere having some paperwork, I can't work on what it's for.

Speaker 17 (30:22):
Mostly red tape. I mean, obviously it's there to restrict
what you can and can't do. But you know, it'd
be great to cut some of that red tape, which
is a resource which the resource concinas a run out
for What.

Speaker 4 (30:32):
About infrastructure, so pipes, I mean, councils need to stay
on top of how many structures are. If everyone goes
and builds a granny flat, that's a lot of pipes,
isn't it.

Speaker 17 (30:41):
Yeah, that possibly could be an issue. Looked down in
christ Church with rebuilt some of their infrastructure, so it
might be okay, but at the end of the day,
you're probably talking an extra toll and extra shower. I
don't think everybody's going to be building these. But like
I say, Mike, is anything that's going to create some
more affordable housing. At least the government are doing what
they are They told us that we're going to do,

(31:03):
so we're pretty happy with it.

Speaker 4 (31:04):
And does it take cost out I mean literally yes,
but much in the grand scheme of things.

Speaker 17 (31:10):
It doesn't change anything in terms of labor or materials,
but it means that instead of having to go and build,
you know, turn of square meters in a new subdivision,
we're an early person that might only require one regiment
a lounge. It sort of cuts costs in that regard you.

Speaker 4 (31:27):
And so part of what they were saying yesterday was
there's demand for this. They've done it for thirty square meters.
People went off on it, so it's sixty square meters.
They say there are people who want to do this.
Is that true?

Speaker 17 (31:37):
Well, there's people that can't afford housing full stop, so
you know that this is a way to make that
easier for them. So, yeah, there is a demand for it,
and I believe it will work.

Speaker 4 (31:46):
Good stuff, Calp, nice to talk to you, appreciate it.
This consultation going on middle of next year. The past
the law allegedly Carl Tailor, chairperson of the Combined Building
Supplies co Op, nine minutes past seven paskar, Well, well,
changes come out of scrutiny week already We've only had
one day of screw need week and look what happened.
The Finance Minister confirmed the government intends to have performance
based pay for public service CEOs a labor of course,

(32:07):
don't like that at a time when a lot of
people are getting laid off. Info Metrics chief economist Brad
Olsen is with us on this. Brad, a very good
morning to you. Good morning, call me completely out of touch.
I would have assumed that CEOs anywhere had performance pay
as part of their package as standard. Is clearly not
the case, well.

Speaker 19 (32:23):
Certainly not for the public service in recent times. I
mean it got changed under this previous government. It's also
one of those things when you look at the numbers.
But we're not talking, of course, huge numbers of people.
If you look at government data, even back in twenty
sixteen when it was happening, only around one four hundred
odd people getting performance paid, three percent of the total workforce,
and the average value was only like two seven hundred dollars.

(32:46):
I mean, it's not big numbers that we're talking about here,
but it does seem to be something the government wants
to incentivize because they are trying to get some big
gains and some changes and what the government's trying to achieve,
and they want to tieerformance or but more of that
pay for chief executive through to those results, instead of
just saying no matter what happens, no matter if you
hit your targets or not, everything is just going to

(33:07):
be the same every year.

Speaker 16 (33:09):
No change.

Speaker 4 (33:10):
Do you reckon would?

Speaker 18 (33:12):
I think it's got the potential to.

Speaker 19 (33:14):
I mean, it's not the sort of thing that is
hugely usual across the board. I mean, there were some
international comparisons done back in twenty thirteen give you a
bit of an idea. New Zealand at that time had
about thirty six percent of people who were getting performance
pay of some description. You know, that compared to around
sort of twenty nine percent in Australia. But you looked

(33:35):
across some parts of Southeast Asia and that's sort of
in the sixty seventy percent change, where you know a
lot of people are seeing that sort of incentive. So,
I mean, it's one of those things Some of the
international literature isn't particularly strong on it, but I think
it's again we're not talking about sort of making i
don't know, forty.

Speaker 18 (33:49):
Fifty percent of their pay at risk.

Speaker 19 (33:52):
It's sort of more providing that incentive for them to
really press a bit harder. Now already public service chief exectives.
They don't go to work to try and get better pay,
so I don't think there's possibly an argument like that.
It might not incentivize them hugely, but surely again it's
a bit more maybe reflective, not of fully incentivizing them,
but saying that, look, you've got to get deliver some

(34:13):
results that stack up. Otherwise there is a bit more
variability and how much you get paid.

Speaker 4 (34:17):
While I've got your Q one Thursday, what do you reckon?

Speaker 18 (34:21):
We're currently picking an increase.

Speaker 19 (34:23):
In fact, I think we're picking the biggest Well, the
thing here is that I think you've got some of
the weird seasonalities that's going to sneak in. The likes
of retail activity was actually up in the quarter compared
to the end of last year, but part of that,
I mean, there's all sorts of weird Intrica season here.
Remember we're also coming off the back of having Cyclone
Gabriel in the first quarter last year, so that comparison

(34:46):
is going to mix it up, particularly for the primary sector.
You've got the likes of an extra day in February,
which again just adds a little bit more to all
of the numbers. But I think that again, there's enough
other parts of the economy that a week construction activity
down what four percent? The likes of concrete volumes are
down eleven percent over the last year. So I think

(35:06):
you might see maybe a little bit of a bubble
up in the first quarter, but.

Speaker 18 (35:09):
It's not necessarily a good news story.

Speaker 4 (35:11):
All right, Well, I hope you're right. Brad Olsen in
for Metrics, bullish as always, thirteen minutes past seven, spake
my top three threats to New Zealand and one to
Party Mari, two the Green Party, three the Labor Party
is very good. Trade me numbers out this morning on rental.
Rental price is unchanged for the second month in a row,
and I'll tell you why that is. Six fifty is
the number, by the way, on average around the country.

(35:32):
I'll tell you about that uptick and rental supply up
twenty six percent nationally in May, and from my reading
that to people pulling out of Airbnb and that sort
of short term stuff and getting it onto the more
broad based market. Huge increase in choice for renters in
the market. This morning, thirteen past the hostis Micah major
threat to the country. The Gold Coast Titans very good

(35:55):
those rental numbers. By the way, I gave you the
national number. If you look at a place like Auckland
a forty percent increase in Supper fifty six, and Wellington
thirty five and Canterbury, so there is lots and lots
of choice. So the rental number staying the same as
in the rental price staying the same for that a
couple of months in a row would indicate to me
that it's going to start to drop shortly, which will
be interesting and welcome for many. Of course, morning, Mike,
just to thought, sixty meters is going to add two

(36:17):
more car parks in the street. Are they going to
add two more I don't know that they're thinking along
those lines of Granny flat out the back is necessarily
adding two more streets. But I take your point. The
infrastructural equation will be interesting, Mike. If we can build
sixty meters without red tape, why not one fifty? Good point,
because of course they based yesterday. If you watch Peters
and Bishop in the postcap press conference, they were going
a lot of success at thirty squares, so why not sixty?

(36:38):
So they've gone sixty, so then why not one twenty
or whatever the case may be. Speaking of Peter's he
not up, wakey, wakey, Winstone, We ring him and he's
not answering, and the press secretary is not answering either.

Speaker 11 (36:49):
See.

Speaker 4 (36:49):
Those are the people need the incentives for on pay,
don't they? You know, if you can answer the phone
and do what you obligated to do by way of
an interview, will give you more money or something like that. Anyway,
Mike stops reading fake news. On one hand, you say
China is our number one threat, and yet you farret
about wanting more Chinese to come and spend their money. Yes,
but in that and you make a reasonable point, John
in that is the delicacy of the relationship. And that's

(37:13):
what you've got to understand, the delicate nature of the relationship.
You cannot deny that the Chinese are expansionary. The geopolitical
tension in this region is growing by the day. And
yet we are stuck with them, and they're stuck with
us at forty billion dollars two way trade. And yes
we want tourism, and yes we want their business, and
yes we want their growth, and yes we want their money.

(37:33):
Some people want their belt and road. I don't, but Nevertheless,
that's how the relationship. You can't have one or the other.
It's a detailed old world. Follow the situation they've gotten
Europe at the moment with the cars. See, the Americans
are putting massive, massive tariffs on Chinese cars. Europeans doing
the same because the Chinese are wading in to the
car industry and cross subsidizing all sorts of products that

(37:54):
go out into the world. Many batteries and things like
solar panels, and local companies in Europe and America can't compete.
And yet some of those big major car companies in
Europe they're immersed in China. They've invested in China, They've
got people and factories in China. So if you're punishing them,
you're punishing Europeans as well as the Chinese. The whole
world's interrelated. You can't simplify it like that way. Mike

(38:15):
will do this quickly. Mike Justiner certainly made this country
progressively worse until it became the economic basket cases it
is now, so all in all the good name for
a project. This news that's got you going this morning.
Global Progressive Action have announced the former Prime Minister will
head a new Fellowship in Progressive Political Leadership. The first

(38:36):
of its kind program No Kidding aims to support and
connect who embrace an alternative leadership style. It's an exciting opportunity,
a chance to humanize leadership and bring together a network
of really talented politicians. You should never in a press
release use the word really really talented politicians. Here's what
I know about Jasinda raderm She is an abject fail,

(39:00):
an indisputable failure as a prime minister. The reason we
sit here this morning standing by for Q one on Thursday,
in a double dip recession, as Andrew Keller has said,
an outlier economically with the rest of the world noticeably.
So look at the service sector numbers yesterday, look at
the manufacturing numbers last week. Look at the state of
the economy as it sits right now.

Speaker 1 (39:22):
It is on her.

Speaker 4 (39:24):
She is a political leadership failure. And so yet some
idiot wants to use her name to introduce a new
style of leadership. If what she did to this country
is what she's offering to the world, the world don't
want it. Seven my cost your breakfast now. If you're

(39:46):
a business leader, you know the high potential of AI.
But how can you capture the value safely and securely?
That's probably the question of the age, isn't it. How
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(40:31):
net plus Grizzly AI, powerful team for your business and
it's all available to you at one net, dot co
dot n z. Bosking Rove seven twenty four of A
mistake was made during the Coalition talks by National. It
was acquiescing to the New Zealand first demand that they
keep people from offshore buying houses here. So National had
it seemed to me anyway an elegant solution. Anything under
a couple of million dollars was out of bounds. That

(40:53):
left the market open to New Zealand doesn't of course
first time buyers most importantly began to town the three, four, seven, eight, nine,
ten million dollar houses. That's for the world, that's to
the open market. Not only was that a mistake because
New Zealand fir is next it for no real gain
as far as it can work out. It comes, as
I thought, somewhat ironic that the Prime Minister quite rightly
is working as hard as any prime minister I have seen,

(41:14):
running up hundreds of thousands of kilometers around the rail
of the world to goes sprooking our openness, when in
fact we're not quite as open as we could be.
So here's a couple of simple truths. We need the
world and badly we need investment. It's brainer, it's heft
and little. We need it. I need the growth full
of that brings. You know, it appears at the moment
we're watching New Zealanders leave while Indians and Filipinos arrive.
Making coming here, setting up shop here would be easier

(41:37):
if you could feel welcome and have a chance to
get a piece of the action. As far as offshore
is concerned, to what we deem offshore, it is limited
to Australian, Singaporeans and expats. The rest of the world
is locked out. You can't do it. So as a result,
the top end of the housing market is as flat
as a pancake read the piece in one roof. At
the moment, very instructive top end agents are saying, look,
we need a rethink. There's money being left on the
table here. This is a mistake. And yes they've got

(41:59):
a self interest. Of course, go to self interest. But
the rest of us don't. Most of us really just
want what's best for the country and locking people out
isn't smart business. On the street around the corner from
where we live, I can show you four houses right
now for sale in excess of twenty million dollars each.
Are they not selling, nor most likely will they because
those aren't the houses we generally buy it. They are
houses for the Americans and Europeans and Chinese we're fifty

(42:21):
pe buys your New Zealand dollar. Where billionaires aren't as
rare as they are here, whether it's tourism or startup
money or IPOs, our share market, our housing market, or immigration.
This country, I'm sad to say, has lost its fizz.
It's competing in a world of countries where the bright
and the brilliant are in big, big, big demand. We
cannot afford to hobble ourselves. And here is the simple
truth about all of those people, most of them want

(42:44):
a house. Asking Mike, don't forget that Robertson played a
significant part of the problem. Well, yes he did. But
the buck stops at the top, is my point. Morning.
Mike recently started renovating our eighties home, and Nelson bathroom
and toilet were renovated to the highest standard great trades
and products of video and photographed the whole process, Resource
consent and dealing with those idiots of the local council
who are clueless and would have cost me a fortune

(43:04):
and sixty square meter bills, hopefully the start of a
practical future. Jules, you're very right, quick question for you.
There's some turbulence business. I mean, there's a bit of focus.
Of course, this morning, on the flight that landed in Mbicago,
when a bird flew into the engine, there's nothing you
can do about that. And I don't think we're blaming
climate change. But on the Sunday when you took off
from Wellington heading down to Queenstown six oh seven, then

(43:26):
the turbulence, the clear air turbulence hit and we can
blame allegedly climate change for that, And the coffee got spilled,
and the couple of people got burned, and the ambulance
arrived and two people got I think they got carted
off to hospital to check their burns bit of blistering.
Sues was one of them. That was a crew member.
And Sue Sus didn't want the rest of her name
put out to the rest of the country. Let me
ask you this simple question, why is it? And call

(43:46):
me weird if you want, and many if you have
over the years, But I, on all domestic flights have
been on, have never eaten or drunk anything at all.
It seems to me to be pointless. What is it
on the forty minute thirty five minutes? I mean, even
if you go from Auckland to queen you're only talking
about an hour forty. What is it that you are
so desperate to have a bad biscuit, some stale crisps,

(44:07):
or some really bad coffee or tea? What is it
that laid you so desperate for those beverages? Whereas if
you just sat there quietly, maybe did the in New
Zealand quiz, and once you'd kicked that off and read
a book or something, you'd be landing and then you
wouldn't be burned, nothing would be spilled, You wouldn't have
these problems. You could all just sit there, buckled up
readily to going, and we wouldn't have this problem. What's
the fascination with food and drink on short haulplanes? For

(44:29):
goodness sake, there's your question. In the morning, Nikola Willis,
is will us after the news?

Speaker 1 (44:34):
Which is next the breakfast show?

Speaker 3 (44:38):
You can trust the Mic Hosking Breakfast with Bailey's real
estate altogether better across residential, commercial and rural on News
Talks ed B.

Speaker 4 (44:48):
Twenty three minutes away from eight. You may or may
not know the name Tom Bewley, but he's the next
big noise on Nia Sport. He's young, He's only sixteen
years old, and he won the towet or eighty sixes anyway,
explain more about that later when he joined us after
eight o'clock this morning. Meantime, Finance Minister Nicola Willis is
doing the business, of course for the Prime Minister who
has found his way to Japan. Very good morning, good morning,

(45:08):
gratefully here, good to see you, Peters. Yesterday at the
postcab ended up with a flourish on the Maria the
Mari party, which reminded me when Christopher Luxen was here
last week having announced the inquiry, he said something more
was coming by way of detail, who's heading it? All
the writing instructions? Where are they?

Speaker 20 (45:25):
So the Public Service Commission have released their terms of
reference and they have made clear what they're looking into,
and that inquiry is taking place.

Speaker 4 (45:36):
Are you confident that you will be able to as
a government find out what needs to be found out.

Speaker 20 (45:41):
Yes, and that is why we are doing it, because
we think there are facts that need to be on
the table. Those facts have actually been very unclear, and
we have instructed the Public Service Commission to use its
powers to make sure that actually where government agencies are involved,
they've taken all the right steps to protect new Zealander's
personal private data. That this isn't being investigated thoroughly.

Speaker 4 (46:01):
Here's the problem. If what Peter's particularly yesterday, he seemed
to have some sort of inside information on what has
gone on there, do you know what that is?

Speaker 20 (46:08):
Well, look, there's all sorts of rumors swirling around and
I'm sure that Winston Peters will have heard some of them.
That's why we wanted the independent Inquiry to get to
the bottom of the facts, because it's only with the
facts that we can then decide what needs to happen.

Speaker 4 (46:22):
Because what appears to happen is that this information was
swapped left, right and center. If that's proven, then some
either nefarious activity by the Marry Party, which seems to
me to be one aspect of it. The other part is,
how is it the government departments allowed all this to happen?
What actually happens to those government departments if you find
that that did happen.

Speaker 20 (46:39):
Well, look, if New Zealander's personal data has been used
for political purposes, that is a gross abuse of trust
in the system. And so I would expect that government
departments would need to fix their systems, would need to
hold to account any individuals that were involved and not
enforcing rigorous standards and would need to have a good
hard look at how they would protect data in future.

Speaker 4 (47:00):
Okay, what's your GDP call for Thursday.

Speaker 20 (47:02):
Well, look, I've seen the estimates. I think it's really
tough out there. It feels like recession, and so that
would tell you negative numbers. But I've been surprised by
these stats before. What we know is that four of
the past five quarters have been negative.

Speaker 4 (47:17):
Okay, So if Q one's negative I think it is,
then Q two can't be positive, can it. Q two
cannot be better than Q one.

Speaker 20 (47:24):
Well, it feels to me that high interest rates are
really biting for our businesses. They are still struggling with
high costs, and so I'm focused, Mike on not what's
exactly the data going to be, but what do we
do to dig out of here? And we've presented a
budget that takes pressure off inflation. We need inflation to

(47:45):
come back down so that the Reserve Bank can have
the confidence to cut interest rates. I think that's ultimately
the thing that will breathe some air back into the
economy when people see that interest rate track coming down
on time.

Speaker 4 (47:56):
Down the track though, isn't it. Even if even of
all is wrong and he starts this year late this year,
it's well into next year before the fizz of you
know is back.

Speaker 20 (48:04):
I think I think we do have a tough few
months ahead of us. I think, realistically we are dealing
with a hangover of an economy that has been mismanaged
for the past six years. And I always said at
the time you pump that much cash into an economy
through money printing, through loosely spending, that all comes crashing down,
and unfortunately our government is in the hot seat at

(48:25):
that time. My empathy is for those New Zealand businesses
have often done absolutely everything right and are now struggling
with difficult conditions. So we're doing everything we can to
be on their side, to back them, to make things easier,
and we've just got to steer the country through this
difficult path.

Speaker 4 (48:39):
Would you regard us now economically? I mean the stats
back it up as an economic outlier. There are plenty
of places in the world that are one growing and
see a level of positivity that we simply don't look.

Speaker 20 (48:50):
I think we've had a worse inflation spike that has
lasted for longer than many other countries we like to
compare ourselves with. And I remember the lament of the
former Finance who said, oh well, look we've just had
a bit more spending because of COVID. Actually he baked
in very high levels of spending. The judgments were made
wrong and New Zealand's paying for it now.

Speaker 4 (49:08):
Indeed, what role is Adrian or playing all of this
as well, given he's still in the room.

Speaker 20 (49:12):
Well, look, I've previously shared my view that the quantity
of easing our Reserve Bank engaged in was excessive. There
was too much money printing, interest rates were kept too
low for too long, and that's no doubt contributed to
where we are today.

Speaker 4 (49:25):
I was saying a little thing before the news you
wouldn't have heard it, but the foreign buyers thing. There's
agents now saying look, we're too much money on the table,
there's ban on foreign both there's too much money left
on the table. And that's a New Zealand first thing.
And I get it's a coalition. I understand all of that.
Is it proving to be a major regret at least
for your party?

Speaker 20 (49:42):
Oh well, I've made my position on that clear. I
think it would be great if really wealthy people from
around the world could buy expensive New Zealand properties and
pay us a nice fee for the pleasure. I think
that would be good both in terms of a revenue
source for New Zealand, but actually bringing those wealthy people
and their spending and their connections and their capital into
the country would be great for some of the regions

(50:04):
where they'd buy homes. But that's not the government policy.
New Zealand First have made it clear in the coalition
agreement that they wanted us to progress our tax plans
without that in it. Hey, but you know they have
the right to revisit that anytime they like, could.

Speaker 4 (50:17):
They is it possible? The reason they ask is not
only that, but so you've got a Prime minister in
Japan trying to sell us to the world and we're
open for business. You can't be fully open for businesses.
Come on, bring you money. And by the way, you
can't have a house. Well, set up a business, but
you can't buy a house. I mean, come on.

Speaker 20 (50:32):
Yeah, Well, look, I'd love to see us to make
it easier for people to buy homes in New Zealand
if they're going to contribute to the country. We went
into the election with a policy to achieve that. But
as Finance Minister, I deliver on government.

Speaker 4 (50:46):
That's I get that having it. The reason I also
asked that is that this morning I don't even know
if you're aware on the seems to have come out
of left field. So Bishop yesterday on this transgender funding
for sport, right that seems to be a New Zealand
first back down, no knowing so well they said, they
said going into the campaign, we're not going to give
you money if you're going to be weird about transgender
and so now they are.

Speaker 5 (51:05):
Well.

Speaker 20 (51:05):
The agreement we struck in our coalition text was that
we wanted to ensure that the rules around gender and
sport didn't compromise fairness or safety. Minister Bishops, Minister of Sport,
has done a review of the rules in place for
community sport. Hasn't found any instances that are troubling to
him at this stage, but he's keeping it under active review.
So what that means is if a sporting body changed

(51:28):
the rules in such a way that people felt that
they were being made to be unsafe or the rules
were unfair, then the government would have the ability to react.

Speaker 4 (51:34):
Do you think you will the sound. It feels like
a backdown to me. It sounds like sport in New Zealand,
ring you up and your back down.

Speaker 16 (51:41):
No.

Speaker 20 (51:42):
Look, I think it was always one of those things
where the deal was let's go and have a look
at the rules of problems arise, let's be prepared to act.
We haven't seen those problems yet, but if we saw problems, yes,
we'd act.

Speaker 4 (51:52):
Carbon market auction on Thursday, I think it is. It's
not going to sell. You said you were going to
sort it out. A couple of billion dollars potentially coming in.
You're not going to get anything because and the reason
is people don't believe what you're doing rightly or wrongly.
And many of us would agree with the ets on
farmers and stuff like that, but we still don't know.
Why would I go buy a credit? I won't, therefore

(52:12):
it will fail again.

Speaker 20 (52:14):
Well, I've been given firm advice, but I should not comment.

Speaker 4 (52:17):
On well you're going to move the market A.

Speaker 20 (52:19):
Yeah, Well that's the risk, right, and that we shouldn't
be commenting behavior. Well, what I can say, and we'll
keep saying, is we believe the emissions trading scheme, which
effectively prices. Carbon is one of the most vital tools
we have for driving emissions down in New Zealand. I
believe in market mechanisms. I think that's a much more
effective way than centivizing changes.

Speaker 4 (52:42):
But look at what the market's telling you.

Speaker 20 (52:44):
Well, as I say, I'm not in a position where
I should comment on what the market is telling you.

Speaker 4 (52:49):
Well, well, work me through why I should buy a
credit if I look at you one day taking the
farmers out of the ets and then the forest owners
they don't have to pay it. I don't know where
you're at on thinking you know you going to do
something sometime down the track. Maybe maybe you're not, So
I'll just sit tight for now. That's what I'm getting
from you, isn't it.

Speaker 9 (53:06):
Well.

Speaker 20 (53:07):
The government remains committed to the emissions trading scheme as
the primary tool we have or driving emissions down in
New Zealand. We have emission reduction targets as a matter
of law. We're committed to those and we see the
emissions trading scheme is critical. One of the things we
did when we came into government was stop the review
which would have undermined that scheme.

Speaker 4 (53:27):
So we're committed to it neat these kids who I
just don't know how this happens. How is it just
explained to me briefly, How is it that a young
person in this country who is not in school, not
in a job, not in training, neat is going up?
How is it there are more of these people?

Speaker 20 (53:43):
Well, look, that's a real worry and I think one
of the things that we know is that when unemployment's rising,
it's often young people who are most affected. But i'd
expect that if you're a young person and you can't
get a job, you should be in training. And so
we have set a target of reducing the number of
people on job seeker benefits. We've asked the Ministry for
Social Development to be much clear about its expectations of

(54:06):
those lining up for a benefit, and we've got a
Welfare that Works policy that will be rolling out in
the next few months, which is all about getting on
top of those young people who are turning up for
a benefit and making sure that they're doing everything they
can to get training or a job.

Speaker 4 (54:23):
They're not getting a benefit, are they.

Speaker 20 (54:25):
Some of them might be. Some of them if they're
left time.

Speaker 4 (54:27):
So they're not in school, so they've got no qualifications.
They have no job, they're not in training, so you're
handing out money to them.

Speaker 20 (54:34):
In some cases that might be the case.

Speaker 4 (54:36):
Yes, doesn't that need to change?

Speaker 20 (54:38):
Well, where they don't have parental supporter, they've got difficult
family circumstances that they may be getting a benefit. But look,
we don't want eighteen year olds on the couch playing
video games. We want them in training or in work,
and I'm sure that their families want the same.

Speaker 4 (54:51):
Are we going to buy a plane?

Speaker 20 (54:53):
I think we will be buying planes in future. You
would expect that the Defense Force will need to keep
ensuring that it has the means to do its job.
And those planes did work very successfully. Mike or just
remind people to take New Zealanders out of New Mea
recently and get them home. It did that safely, but
all of that is forgotten because it couldn't take off

(55:14):
from Port Moresby. That's regrettable. We're in the middle of
a defense capability review. Making sure we have the equipment
we need to get our troops around the world is important.

Speaker 4 (55:24):
Nice to see you, Nichola Willis. It is thirteen away
from eight. The Costing Breakfast ten minutes away. From Mike.
South Korea an economy built on petrochemicals and manufacturing total
carbon outputs six times that of New Zealand, yet market
price of the Korean carbon unit seven times less than
that of a New Zealand carbon unit. How does one
have such a differentiating and discrepancy in the marketplace? While
the answer is we set our carbon prices and that's

(55:48):
probably a mistake, and therefore people decide whether they want
to pay that price, and at the moment they're not
paying the price. What's embarrassing for the government is they
said they would bring certainty. They've not brought certainty. What
they have brought is uncertainty. Some of the uncertainty around
the market is they've taken the farmers out of the
ETS and the last week they announced that the forest
owners are not going to have to pay an ETS
charge for this year. All of that's good, but it's

(56:10):
still uncertain because you think, well, what are we going
to do next? Why am I buying carbon credits for
something I don't know that we're actually going to need.
Next thing? You know they're going to be doing a
Peter Dutton. Peter Dutton goes, well, this paris a cord.
Forget that that's unobtainable. We're out of that. What happens
if they woke up and said that tomorrow and you
don't know that they won't. They probably won't, but you
don't know they won't. So you're not busily on Thursday

(56:33):
investing in a carbon market. You've got no idea where
it goes. So I'm not an expert on the Korean
carbon market, but I'm assuming they have a more consistent policy,
and what drives markets is consistency. The last thing markets
want is surprise eight away from.

Speaker 1 (56:47):
Eight mile breakfast with Jaguar use.

Speaker 4 (56:51):
Top plain spotters. Yes it were. It was the C
one thirties that went up to Nikola was incorrect and
suggesting it was a seven five seven, So I think
she was broadly saying that you know, we have capability.
It's the individual place. Six billion worth of foreign offshore
buyers purchased an Australia MIC in the last twelve months,
approximately four thousand, five hundred and fifty homes. Demand would
be there in New Zealand if we allowed them back,

(57:13):
especially in the four million dollar plus category. That's what
I'm arguing. I mean, how many new Zealanders. If some
guy comes in from Japan he met Luxton, thought I'm
going to get into this New Zealand. Fantastic, And he
goes and buys a thirteen million dollar home overlooking the
harbor and Auckland while he sets up his company. How
many New Zealander's gay I was going to buy that?
Not many? So let's you know, come on. So that

(57:33):
was ideology on New Zealand. First part that wrecked that
one micahdoone should be brought back, explained our actions apologized
to a country stripped of the knighthood she was given.
More should be looked into a total inability as a
prime minister. Well, you voted for it. This is I mean,
this is democracy and action. I mean, say whatever you
want about it. But some of us were sitting there
at the time saying, excuse me, you might want to

(57:53):
wake up to what's going on here. And you all
went out in twenty twenty and you went, we are
loving this. I've got my stuff teddy in the window
and I want more where that comes from? Please? Fifty
percent of New Zealanders. And don't don't say it wasn't me,
because it was you. One and two of you listening
to this program, you went out and you wanted more

(58:14):
where that came from. So yeah, you might have woken
up now and you might have gone, jeez, what a
cock up that was, but you wanted it at the time.
Hence the importance of paying attention when it comes time
to vote, one turning up and be working out what
you're actually voting for.

Speaker 1 (58:31):
But we save lives, Michael.

Speaker 4 (58:34):
Did we really? Did we? Here we are years later?
Did we really? Tom Buley? I think you're gonna like him.
He's young, and he's going places and fast. As it
turns out. I'll explain all his motor racing credentials for
you directly after the News, as we introduce you to
what is potentially motor racing's next big names. It's on

(58:55):
the My Costume Breakfast after the News, which is.

Speaker 3 (59:00):
Use the Bold Opinions, the Mic Hosking Breakfast with Avida, Live,
The Age, You Feel News, Talk, SEDB, Shut Up and.

Speaker 4 (59:09):
Drag seven past eight, you know the show, and Motorsports, Dixon, Mclonchlin,
Armstrong fly the Flag for US and Indie Van Gisberg
and NASCAR LII and Lawson of course waiting for his

(59:30):
time and if one back, here are the next really
big name. According to a number of analysts in the
New Zealand Racing Sceners, Tom Buley. This year he won
the twe out Or eighty six Championship at sixteen years old,
major's debut in the course GT three's at the weekend
took pole ended up in the race, coming second. So
let's meet Tom Buley and learn some more. Tom, very
good morning to you.

Speaker 16 (59:50):
Yeah, good morning, and thanks for having me.

Speaker 4 (59:52):
Not at all. What's it like and I don't mean
to insult you in any way, shape or form by
asking this question. What's it like to one day be
racing a GT three in the next day going to school?

Speaker 16 (01:00:01):
Yeah, it's quite interesting, definitely, saying to go tell the
teachers at school, which they don't really believe treos. But no,
it's been good. You know, they've given me time to
you know, catch them on work and stuff. But yeah,
definitely a good story to tell our mates and tell
all the teachers.

Speaker 4 (01:00:16):
Fantastic. Tell us your motor racing history. I'm assuming, like
everyone else, you started in carts.

Speaker 16 (01:00:22):
Yeah definitely, Yeah, went through carts, you know, racing likes
of Lewis Sharp and really good mates with him, and
it's good to you know, we always give in contact
and push each other along what we're doing and support
each other, which is good. And just learning the basics
about racing and race craft and what you need to
make it to the main goal, which is racing on

(01:00:43):
the world stage.

Speaker 4 (01:00:44):
What do you reckon the Is it art or is
it science? In other words, you're gifted naturally or you
anyone can learn it.

Speaker 16 (01:00:52):
There's a bit of both. I think you definitely have
to you most these hates of people that are gifted
naturally that make it. You know, you've got all the
form one drivers and basically like lamb laws and stuff.
Definitely naturally gift a good right from the starts and
is low end stuff like that, but you definitely got
to work towards it and put a lot of effort

(01:01:12):
to be up the front.

Speaker 4 (01:01:14):
What's the difference in terms of Louie's gone on to
single seat of stuff. He's over on the other side
of the world, of course you've gone ten tops. Is
it just about financing money or is it a personal preference?

Speaker 16 (01:01:25):
Yeah, definitely a bit of both. I mean Louis's doing
saying that's a lot harder to get but that's his goal.
And I'm not into single set of racing like he is,
So I'm into, you know, rubbing doors and getting close
to other drivers, which you can't do in a single
seta So yeah, I guess it's more of a personal.

Speaker 4 (01:01:43):
Preference, right, So eighty six is tell me about the
gap eighty six is for people who don't it's basically
it's a hotted up Toyota. The point being, what's the
difference between that and getting into a GT three portion?

Speaker 16 (01:01:56):
Yeah, definitely, it's quite the difference. Obviously for a starter,
you're seeing on the other side of the car, so
set of eighty six to eighty six. In the eighty
six you're see sitting on the right side of the
car and and the Porsche seeing on the left side
of the car. So that's probably the main difference, just
getting used to that and not dropping wheels off on
the right side coming into corners and stuff like that.

(01:02:18):
But other than that, the arrow that's huge through the corners,
just trusting the grip and relying that the car will
stay stuck to the track and get around the corner.

Speaker 4 (01:02:28):
What about the sheer power and the I mean size
apart from anything. It's a bigger car, but the power,
I mean, the speed you're going must be miserably different.

Speaker 16 (01:02:37):
Yeah, yeah, one hundred percent. I think you're probably going
about sixty kombs in our Quaker or eight eighty kombs
are Quaker and saying like that. And when I hopped in,
I didn't think you could actually go that fast in
the race car, and I never thought you'd go that
fast ever, But no, it's an awesome experience and something
that I'm slowly getting used to.

Speaker 4 (01:02:57):
The speed fantastic. What got you into motor racing from
the very start? Where where's the interest come from?

Speaker 16 (01:03:04):
Definitely my brother and my dad. My brother wanted to
go out and have a go on a go car
and he wasn't too interested, so I decided to jump
in and have a crack and then I kind of
raced around the back of the field for tour so
years and then finally something clipped and that's like actually
passing people. So yeah, definitely my dad coming from a

(01:03:25):
racing background himself, racing in Australia and having that at
his career.

Speaker 4 (01:03:31):
But yeah, the eighty sixers I followed with with with
an element of interest because What fascinates me about them
is they're the same car and it's not like if
one where you can do things to a car and
there like Red Bull, are measurably different to you know, Williams.
So in these eighty six is you're in the same car,
yet somebody wins and somebody doesn't. What's the difference? What

(01:03:52):
makes you a winner?

Speaker 16 (01:03:55):
Yeah? So there's nothing really can change on a tour
at edge sex card is a few things you can
do with suspension, camber obviously tie pressures that give you
a little bit of advantage on depends on the conditions
wet or dry. But to me, the best you just
got to always you just got to hit your marks,
make absolutely no mistakes and just be eager always to

(01:04:18):
win and always you know, it's always down to the
little bits of data, finding those little extra tents that
will jump you up five or so spots.

Speaker 4 (01:04:28):
Right, have you jumped out of the eighty sixers now
and you're going to be in Gt. Three's for a while,
or you're going back to eighty six's next year?

Speaker 17 (01:04:36):
Now?

Speaker 16 (01:04:36):
Keep out of the eighty six I don't think I
can go back, to be honest, because I'll just think
it's too slow for me. Now, yeah for one. Now,
definitely we'll try do some testing in the Porsche and
then see where that ends up and hopefully you can
head overseas and crack into something over there.

Speaker 4 (01:04:52):
Fantastic. Hold on, mate, don't go away. We'll come back
in a moment Tom Buley, because part of the prize
winning the eighty six is he gets to go somewhere
very special. More on that in the moment past the
make Hosking breakfast'll be fifteen minutes past a Tom Beutley's
our guest motorsports Champion of the Future. Tom tell us
about the prize, this newburg Ring you get to go to.
When are you doing it? What do you know of

(01:05:13):
the nerburg Ring? Have you watched videos going around it?
And how fast do you reckon you can go?

Speaker 16 (01:05:19):
Yeah, I've been watching quite a few videos, just getting
used to the track, and yeah, tell me awesome experience.
Go over to Jammine driving on an international track for
the first time in a showed a super a jigits
war car and racing against a heap of other cool
cars and stuff like that. So really looking forward to
it and it should be a very good experience.

Speaker 4 (01:05:41):
What sort of time do you reckon you could do.

Speaker 10 (01:05:46):
I'm not sure.

Speaker 16 (01:05:47):
I think probably around a one minute thirty lap time.

Speaker 4 (01:05:51):
Well that's impressive. Can you memorize the whole track given
its length?

Speaker 16 (01:05:58):
I no, not definitely, not the Nord's Life of the
road track, but definitely the Grand Prix circuit they were doing.
It's a lot shorter. It's the one that the if
one cars and stuff used to race on. So definitely
definitely couldn't memorize the nords Laker, but definitely, Yeah, the
Grand Prix circuits.

Speaker 4 (01:06:16):
Is a lot shorter, super exciting. Who are you following
at the moment? I look, I mean you're at what
are you sixteen? Seventeen?

Speaker 16 (01:06:23):
Yeah, I'm sixteen.

Speaker 4 (01:06:24):
Matt Matt Pain's not too much ahead of you. Do
you look at him in the supercars and think that
could be you?

Speaker 12 (01:06:30):
Yeah?

Speaker 16 (01:06:30):
Definitely Hamm and Ryan. You know, Ryan's got a good
cat and bushima to him and he's anly an awesome
job over there, and so I was Matt Paine. So
that's definitely where I want to end up racing with
those guys. And yeah, that's my gone. I'm not going
to stop until get the.

Speaker 4 (01:06:45):
Good on you. Does it help, because this is the
often asked question in sport. If you see other people
doing it, you're aspired to do it. I mean if
you by the time you do your you know your
your bur Indies, yours cars, your f ones, your supercars.
I mean there's so many people from New Zealand up
there doing so well. Does that encourage you to chase
your dream as well? Knowing it is.

Speaker 16 (01:07:06):
Possible, Yes, definitely, But you've got to staying pose and
stick to your own track and just make it at
your own pace. You know, don't compare it up to
other people and how fast they're going and where they're
heading to and what they're racing. It's just about sticking
on your track and doing your own things.

Speaker 4 (01:07:25):
Good stuff you year twelve or thirteen.

Speaker 16 (01:07:29):
A year twelve?

Speaker 4 (01:07:29):
What are you doing.

Speaker 16 (01:07:33):
Currently? I'm doing at school just the classes for automotive
being just another little learning curve to get my head
around learning more about the cars and just a bit
of an after schoolwork and stuff like that.

Speaker 4 (01:07:46):
Fantastic, Well go well, everyone speaks so highly of you
and the eighty six victory is a very good start
and I hope the newburg Ring is fantastic and good
to meet and talk with you, and I'm sure we'll
talk again.

Speaker 16 (01:07:58):
Yeah cool, Thank you, good on your nice to talk.

Speaker 4 (01:08:00):
Tom Buley, who was sixteen years old. As you heard one,
the Toyota eighty six has been and the GT three
over the weekend drove on fresh tires, brand new tires,
which I didn't realize was a thing I would have
thought of. You got experience, you always had new tires
at some point. But he'd never been on new tires,
new slick tires for the weekend, so he got polled.
Came second, and there is a name to watch nineteen
past eight.

Speaker 3 (01:08:22):
The Mike Hosking Breakfast with Bailey's Real Estate News Talk savy.

Speaker 4 (01:08:27):
When you're running a business, getting your aim seen as
often as possible, that's the key to success. Of course,
really savvy entrepreneurs are out there all about mobile visibility
with their business message on their vehicle, so speedy signs.
They can deck out your car truck. We're by catching
graphics and wraps. Now you've already you know, you're already
driving around town obviously making deliveries, heading to job sites,
that sort of thing, so you might as well take
advantage of the traffic amplify your visibility. So Speedy Signs

(01:08:49):
there New Zealand's largest national sign company. They say that
when you've got good sign of John your vehicle, it's
doing a lot of selling for you, even if you parked.
Imagine if you sign written vehicle parked outside a store
that sells your product, You're going to be top of
mind for everybody who goes into that shop having just
walked past your vehicle, increasing the chances of your product
being brought. Of course, Speedy Science are going to make

(01:09:10):
sure your graphics look sharp and professional. They're on eight
hundred Speedy Oh, eight hundred Speedy Speedy Science. If you
want to all the details online, you can go there
as well. Speedy Sience one word Speedy Signs dot co
dots in z Skett. If we only had more youth
like him, Yes, play Mike. All those motorsport guys very eloquent.
Yes they are. I pretty much memorize the Newburg Mike

(01:09:31):
on my PlayStation. Yeah, there's a couple of Newburg's and
I got the one wrong one, the one I was
thinking of as one that sort of anyone can turn
up to with a car and you go around at
last four ages. He's going to the track Newburg. Mike,
good on you for having these young fellas on the morning.
So I've raised motorsport New Zealand and abroad for thirty years.
It is so hard for these guys to get recognition.
There is so much talent in this country and having

(01:09:51):
them brought to the forefront is invaluable. Paul, great pleasure.
Anything we can do to help young people get to
places we're into in a big way. TDK, who make
the batteries for Apple, have announced this morning they've developed
a material for its solid state batteries. Solid state allegedly

(01:10:11):
is the future if Toyota. Those sort of people once
they've finished voting the chairman out or sorting out their
compliance issues scandal in Japan today they seem bullish ishue
on solid state. Car manufacturers think of they can do
solid state in a way that's applicable and put into cars,
then we're often running. That means basically, you can charge
it super fast, you can go for one hundreds of

(01:10:33):
miles NonStop. Solid state seems to be the answer anyway.
They've done it for these watches and wearables, so it
comes in direct direct contact with the human body. They
use oxide based solid electrolytes. That makes them extremely safe.
Quote unquote estimated energy density of a thousand what hours
per liter, which is and this gives you an understanding

(01:10:55):
of what solid state does is one hundred times greater
than the energy density currently of these mass produce solicitdes.
So when you're wearing your weariables, you have your wiredess,
hear phones, you're hearing aids, you're smart watches are expected
to be produced in an all ceramic material. And that
is the end of that. So that's super exciting as
far as I can work out, as long as it
comes to pass here, isn't it ending up this? I

(01:11:18):
walk a very fine line on because I'm not an
anti vaxxer, and but there are questions to be asked,
and there are continuing to be unfolding stories, one of
which is as follows the Kansas City Attorney General this morning,
guy called Kobac is suing Pfizer and they're suing fires

(01:11:38):
are for deceptively marketing the JAB. It's in a state court,
one of several states taking legal action against Phiser, his
argument being vaccines. I suppose I should check as Chris
a manner or woman. We should check that, shouldn't I
a man? Okay? Vaccines became as vaccines became available, cansin's
as they're on, had to decide whether to get a

(01:11:58):
vaccine in which one to take as his legal argument,
fires are made representations or what he argues, and misrepresentations
of a safe and effective vaccine, and that the company
said the vaccine was safe even as it knew it
was connected to the side effects myocardiatis and perricadatus. Now
these stories aren't being covered by what you would loosely
call mainstream media. And my argument is, and this is

(01:12:20):
why a walk a fine line. I'm not an anti vaxer,
I'm not a nutter, I'm not a tin hat wearer.
But when an attorney general of a state, all politics
in America aside, and I know it happens often it'll
end up in the Supreme Court and so on and
so forth. I get all of that. But when a
attorney general in a state sue somebody in a court

(01:12:42):
of law, that is news because as political as they
may be, and this person's a Republican, as political as
they may be, they don't do it because they're bought.
I mean, we didn't have much trouble finding time for
the Trump trial in New York, which was an ag
going after a former president. So when ag su it's
worth following up on. And you will see the story

(01:13:04):
as far as I can work out, nowhere, nowhere anywhere,
So why not? And that's not the only states, one
of several states who are doing it, and there are
a lot of questions. And this was the other thing
I mentioned, what would it be a month ago now?
The British case which is as yet unresolved, where one
of the drug companies has in legal letters admitted that
there were issues with their vaccine and that's yet to

(01:13:26):
play out in the court. It's underwritten, of course by
the British government. They said if there's any court action
from the vaccines we buy, we will underwrite. So that's
playing out in courts in major courts all over the
world at the moment. So it's still a live story
and therefore is worth reporting to at least some degree
news for you and a couple of moments. And speaking
of Britain, the campaign trail continues to be ever interesting,

(01:13:48):
with the Reform Party launching their campaign this morning. We
will have more with Rod Little after the News, which
is nextll.

Speaker 3 (01:13:56):
Your trusted source for news and fuse the asking Breakfast
with Jaguar the Art of Performance.

Speaker 4 (01:14:03):
News Talks d be Thank you Mike for mentioning the
Kansas Attorney general suing Phizer. It's refreshing to finally have
the courage to speak the truth name you see, this
is this is this is this is overstepping the mark.
There's no courage to speak the truth. It's not a scandal.
I don't know eighteen people who died. It's nothing like that.
It's just that when you're dealing with something as complex

(01:14:26):
as well one of COVID or a you know, major
medical outbreak and two very rapidly developed vaccines, there are
questions that need to be asked. So I'm trying to
walk this line between you know, people are going that's right,
let's get them, and you know there's none of that, Mike.
I'm I'm not a tin hatter either. However, the British
Journal of Medicine has had in its latest edition covered

(01:14:47):
the issue of excess deaths in the UK over the
past three years since the release of COVID vaccines. Interestingly,
this report hasn't had any courage in the mainstream media here.
That's not true. We covered it. I can't remember when,
but a couple of weeks ago. I alerted you several
times over to what's happening in the British courts and
look it up, because there was a admission from I

(01:15:07):
was it Madona? It was Madonna?

Speaker 12 (01:15:09):
Was it?

Speaker 4 (01:15:10):
Yeah, in Madonna because the British bought the Madonna jab.
It was Madonna in their legal papers who said they
were aware that there were some issues that needed to
be addressed. That's now in play in court. So that's
what I'm trying to deal with. I'm not trying to
deal with the conspiracy theories and all the crazies and
all the people who knew who died and it's all
under the cover and all that sort of stuff. I'm

(01:15:30):
just trying to deal with what's actually in court and
is in play in the public domain with attorneys general
and with courts in places like America and Britain. So
as always in these complex issues, you got people on
one side, people on the other end. All I'm trying
to do is steer it down the middle twenty two
minutes away from nine.

Speaker 2 (01:15:46):
International Correspondence with Ends and Eye Insurance, Peace of Mind
for New Zealand Business Brittle.

Speaker 10 (01:15:52):
Mcgo and the campaign Raw No Little, Good Morning, Good
Morning Tune Make So.

Speaker 4 (01:15:56):
A couple of hours ago the manifesto was launched for
the Reform Party. It's out of the box thinking. According
to Nige Nige, when the pole came out the other
day and he's beating the Tories, must be having the
time of his life.

Speaker 10 (01:16:08):
He is an agent of misrule who is thoroughly enjoying himself.
It's like a second resurrection for him, he having carried
Britain to leaving the European Union back in twenty sixteen. Yes,
he is having the time of his life, and so
of course our the Reform Party, who prior to his
intervention and the news that he would lead the party

(01:16:31):
and stand in Clacton, were looking pretty bereft and would
have made scant difference to this particular election. It's all
changed now. The latest polls suggest that in many constituencies
Reform is way ahead, and the national polls are suggesting
that their neck and.

Speaker 4 (01:16:51):
Neck amazing, isn't it. That's what I wanted to ask you, sir,
since we last talked nineteen seventeen or nineteen eighteen or
whatever it was. Does it trends like those into seats
once again, this first past the post system. Can they
win actual seats? And if they can, how many?

Speaker 10 (01:17:08):
It still doesn't translate. Frankly, it may translate if the
trajectory is right at the moment, into four or five seats.
It is so incredibly difficult to break into the two
party system which we have here because of the first
part of post system. They've got to be getting up

(01:17:28):
towards thirty percent of the vote before they really really
start to get large numbers of seats. That's the problem
they have. It's a problem all the non main two
or three parties have and that remains the case. But
what it does, I mean, it takes an enormous swaye
of votes off the Conservative Party. There's increasing evidence, and

(01:17:51):
kirs Stalin has been asked about this, that they're taking
quite a large sway of votes off the Labor Party
as well. And that would figure because of course, an
author of the red Wall seats were people who wanted Brexit,
were in favor of a very conservative social policy, and
they've switched back to Labor. But now say, ah, yeah, no,

(01:18:13):
that's what we agree with.

Speaker 4 (01:18:14):
Really, I was watching We're streeting over the weekend. He's
a labor man, and he was sort of refusing to
rule that council text rises, reevaluations, all that sort of stuff.
When they talk about that stuff or when labors pressed
on that stuff. Is there any fear out there that
they're going to say one thing and do something completely
different when they're in government.

Speaker 10 (01:18:35):
Yes, there is. I mean that there is a feeling
that they're going to raise taxes. I suspect the feeling
that they're going to raise taxes in many, many areas,
which will injurious be injurious to a lot of people.
But to a great degree, the public sort of signed
up to that. It's kind of baked in. I don't

(01:18:55):
think there is a great reluctance amongst the public to
support more investment in public services and industry. There may
be a greater reluctance to invest in our welfare bill,
you know, but those nuances don't come through it during
an election campaign.

Speaker 4 (01:19:15):
How's your campaign going? Rod?

Speaker 10 (01:19:18):
Quietly, Mike, It's okay. I was out leaveletting today and
nobody actually assaulted me. I wasn't milkshaked. I looked after
a constituent's dog while he went into the chemists. Are
we doing all right? But but you know, you do
have to stress help. I've got the backing of reform,

(01:19:39):
even though I disagree with them on a bunch of
issues for this election. But you cannot overstress how difficult
it is to make headway in a system which is
basically set up for two parties. And the reason it's
up for two parties is to ensure a degree of
stability and to mitigate against change. The feeling from the

(01:20:02):
elector at the moment is so what it really wants
is change, and that's a problem.

Speaker 4 (01:20:06):
Okay, Rob, go well, Rob Little with us not back
Thursday's got a campaign meeting like a campaign debate on
the Thursday night when we normally talk to him, and
so he'll be back with his next Tuesday. By the way,
it is seventeen away from nine Laski. As far as
money is concerned, the Labour Party raised three hundred and
fifty one thousand pounds more in donations than the Conservatives

(01:20:27):
in the first week of the campaign. That's according to
Electoral Commission. Labor raised just under a million pounds nine
hundred and twenty six serves as not much, is it
when you think about it. If you look at the
numbers out of America, the tens of millions that they
raised in very short periods of time, Labour's raised just
a million or nine hundred and twenty six thousand, Conservatives
five hundred and seventy four. That tells you something, doesn't it. Jeez?
When the Labour Party are raising nine hundred plus and

(01:20:48):
the Conservatives are barely over half a million. Libdems four
to fifty. I mean the lib Dems appalling in almost
as much money as the Tories. Scottish National part one
hundred and twenty seven Reform one hundred and forty as
in one thousand, So they are completely different numbers, aren't they?

Speaker 1 (01:21:02):
Sixteen too the Myke hosting breakfast.

Speaker 4 (01:21:06):
Scooter Braun's just announced he's retiring from music management, so
Taylor will write a song about that. Work from home
is coming to an need. As far as I can
work out, we never got quite as affected by work
from home as some other places in the world did,
especially places like America, certainly Britain and throughout Europe. They've
had to basically go to them and go you must

(01:21:28):
leave your house and come back to the office now,
And there have been mandates for things like that, whereas
we've seen, broadly speaking, to have occasionally we seem to
get into a bit of a hybrid, but most people
seem to be back in the office anyway. We've got
trade me data this morning, working from home top ten
highest paid roles. Is it unusual to look at roles
and you don't know what they are? It's just I
find that listen to some of these jobs. A highest

(01:21:50):
paid job that you can do from home now is
a project management. So I mean, what does that even mean?
I mean project management? You manage a project. Yes, I
understand that, but I mean there's anything more specific than that.
Can you manage any project? Or is it something specific
in ite anyway? One hundred and thirty thousand dollars. That's
the highest page job you can getting work from home.
Projects and Contracts management one hundred and twenty two thousand dollars.
Civil and Structural engineering. How can you be a civil

(01:22:11):
or structural engineer from home? Don't you actually have to
build something? I mean, if you're an engineer, aren't you
eventually going to build something that's not outside, not inside
your home? Or are you just building everything in your lounge?
Lots of lego business and systems analysts to analyze something?
Is it all online these days? So business and systems analyst?
I literally what does that mean? I have no idea

(01:22:32):
what that means. I can guess and they'd probably go,
oh yea, it's sort of that, but it probably isn't
programming and development it? So do you program the it?
So when I've got a problem, I go Brian, this
doesn't work, and he'll go, oh, hang on, I can
do that remotely from you. Is that what we're seeing there?
Is this? Help me out? Business development manager? Sales? To

(01:22:53):
be a business development manager? In sales, don't you have
to sell something? And if you're selling something, you're just
doing it all online? Get aids here? You need another
six of those? No problem at or is that what
the job is? I don't understand any of us HR.
In recruitment, you cannot tell me you can recruit people
from home or are they coming around your house? Come
on in, I've got some Lamington's just in the oven

(01:23:15):
and a cup of tea. Let's see if you're any
good for this job.

Speaker 16 (01:23:17):
Is that?

Speaker 4 (01:23:17):
What's going on there? Everyone's at home. Water and waste engineering.
Come on, water and waste is outside. You cannot be
at home being a water and waste engineer earning ninety
five two hundred and seventeen dollars on average per year
and go No, I work from home. That Local and

(01:23:39):
Regional council. Now here's your scandal. Local and regional council,
Government and council ninety three thousand, five hundred dollars a year.
It's all being done from home. None of you counselors
are going into a council meeting. They're all on zoom. Accountants,
I suppose, I guess you can you save on rent
for the office, don't you? I mean to be honest.
My accountant's not even in the same city in which

(01:23:59):
I live. I don't know where she is. She could
be in Garner for all I know. All I do,
she goes Hi, Mike, here's tea time again. Then she
comes back with the number. I don't know where the
number is, right, I don't know where she is. I
don't know where she wrote it. She could be AI
generated for all I know. There you go, All those
those jobs are the ones at home, by the way,

(01:24:21):
to be an accountant's ninety one, three hundred and forty
one dollars. But I don't know what half those jobs are.
And it seems at least some of them require you
to be somewhere else apart from home. But then again,
what do I know? Night Away from nine A.

Speaker 1 (01:24:34):
The Mike hosting breakfast with RWs Talk.

Speaker 4 (01:24:39):
Oh, Mike, engineers don't always build stuff or always hands on.
Engineers design and this is done on computer fair call
working from home. You're living under a rock, Thank you,
Lindsey Mike. I worked with Nordstrom, but as the rock
at home. See I could be at home if I
lived under a rock. Can I just be at home
under my rock? I work with Nordstrom head office and

(01:24:59):
see are they work two days a week in office?
Crickets there when we have meetings? Stats from still good?
Are they still the thing? Hilarious? You can get a
project manager at the NZTA and in two sixty k
a year and not go near the office. Usher by
the way, is just announced a world tour eighty concerts,
six countries. Well it's hardly a world tour, is it?

(01:25:20):
Six countries is hardly the world. It's Usha's world. Sounds
like I work from home to me, doesn't want to
leave home. How long before that happens? How long before
you can hologram yourself out to the world and you
don't have to actually tour anywhere. He fasts for twenty
four hours. Man after my own heart. Not that I
fast for twenty four hours, but I'm into the intimate
at fasting every week. Only drinks water, doesn't drink coffee.

(01:25:42):
He likes the celery juice and lemon water. I like
a lemon water. I'm having lemon waters every morning. I
think you can tell the difference on this program. I
think that's why we're successful. They'll eventually, at the end
of my career ask me about, you know, what are
the things that separated you out from the rest of
the field, And they'll go lemon water and they won't
know whether to take me seriously or not. Yoga session
activates as organs. I don't know if you should have

(01:26:02):
put it that way, To be perfectly honest, I get
what he's saying. Wednesdays has chosen fasting day. That'll be
my day too. I intermittently fast every day, but not
for the twenty four hours. But if I did do
twenty four hours, I would go Wednesday, because you've got Monday,
Tuesday in the right Knock it off Wednesday, Thursday, Friday
home for the weekend, and it starts around eleven o'clock
the previous day. It's very richy, sunaic. Actually then goes

(01:26:25):
the entire day Wednesday, just drinking water. Anyways, going on
a sixth country tour, and a guarantee of those six
countries don't include New Zealand cheese. It's five to nine
already trending.

Speaker 3 (01:26:37):
Now with chemist Wells keeping Kiwi's healthy all year round.

Speaker 4 (01:26:41):
Only feel like I've been here since three o'clock. Time flies? Now,
what can I tell you? A project television show, the
one they haven't canceled in Australia. This is why they
haven't canceled it because this is the sort of cutting
edge broadcasting that keeps them on air with the ratings
they have, which by the way aren't that high and
never have been. But be that as it may. They
were talking about pandas, and they were talking about pandas
because there's a and a zoo there that was loaned
to them by China. The Chinese premiers in Australia, of course,

(01:27:04):
had nice lunch with Anthony Albanezi yesterday, and so they
had a guest on called Vicki Ju, who's a Chinese
born Australian writer, outspoken advocate about China's human rights abuses.
Human rights abuses in China. Haven't heard much about that anyway,
she went off script.

Speaker 1 (01:27:18):
Are you excited about Adelaide? Do getting new Pandas?

Speaker 13 (01:27:22):
I think.

Speaker 17 (01:27:25):
No, I am not. I am not.

Speaker 13 (01:27:28):
I think a pandas they're too lazy too, they're going extinct.
I think they deserve what they have coming for them.
And look look at me, this outfit I've got, I've
got going. I am so much cuer than those giant
fats not in Pandas. I think Australia is so lucky

(01:27:51):
to have me and the pandas. We can't let them
go honestly.

Speaker 4 (01:27:55):
Honestly, and they haven't canceled it. He's serious? How is that? Anyway?
It's Pandagate. The Chinese premiere wings his way to a
Perth today to look at some iron ore and some
metal and stuff, all the stuff they use in the
Chinese economy, and we return, by the way, is Joseph
Parker confirmed for Thursday. Joseph Parker is confirmed for Thursday,

(01:28:19):
so we're looking forward to catching up with him. And
since I last talked to Joseph Parker, I've watched that
reality television program that Tyson Fury did, and that's where
Parker goes, of course, to morek him and hangs out
with the Furies and stuff like that. So I've got
a lot of questions around that for Joseph Parker. I've
also been working on my right hook, so I want
some advice around that as well. So anyway, back tomorrow

(01:28:39):
morning at six Happy Days for.

Speaker 3 (01:28:42):
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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