Full Show Podcast: 22 October 2025

Episode Transcript
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Speaker 1 (00:00):
You're trusted home for news, sports, entertainment, opinion and Mike
the mic Hosking Breakfast with Bailey's real Estate finding the
buyers others can't use togs d B.

Speaker 2 (00:12):
Well you welcome today. Light all the fires on the
bootsies you want. The Seabed Amendment has done. We got
new rules to alleviate climate reporting for business. I think
this is good news. Also good news on youth crime. Actually,
Mark and Ginny Politics Wednesday after Rate are at chard
anald Sea Prize. They're part of the action as well.
Pasking welcome to the No. Seven past six. If you
ever wanted an example of the job's mismatch, have I

(00:32):
got your insight now? As the news bulletins rolled out
the usual bunch of mowners this week complaining about the
government's latest requirements for those without work Ie they have
to apply for three jobs and prove But I'm reading
about where the actual jobs are now post the move
on the eighteen and nineteen year olds. You might remember
a couple of weeks ago the media spent no small
amount of energy telling us how there were no jobs
to be found. They'd taken great unbridge at the Prime

(00:53):
Minister suggesting employers were crying out for workers. The PM
turns out to be right. In manufacturing, engineering and logistics
as an industry, we've got a skill shortage of one
hundred and fifty seven thousand. Now that's actually more jobs
than there are jobless. An UNA as You Learn pilot
has been trialed in Wycato. It's got a ninety percent
completion rate. It's now being expanded into Wellington. Now the

(01:16):
consumer within the industry is age. A lot of workers
nearing retirement. They need young people one to know about
the jobs and opportunities, and two they need them to
hook into the idea of a career within these industries
or else like too many jobs in this country will
need to import people. Now, personally, I'm not against importing people,
but it does seem old that you've got so many
jobs and so many job less and yet we can't
seem to join the dots. I'm just not sure how

(01:38):
bad it has to get before the penny drops that
no skills is a ticket to nowhere, the refusal to
move from small towns to where the jobs actually are
is a ticket to nowhere, or the idea you can
spend years at school and still not have the slightest
clue as to what it is you want to do.
Is a that's right ticket to nowhere. It is the
interface between a country and a government providing us with
opportunities and openings, and the individual that at some point

(02:01):
actually has to want to get off their backside and
do something productive with their lives. An industry with a
skills gap of one hundred and fifty seven thousand in
a country the size of New Zealand is an abject failure.
When there is more energy put in by unions and
social agencies writing press releases to newsrooms, bagging governments and
jobless rules than there is actually connecting people to jobs,

(02:22):
the old priority list needs to be tipped on its.

Speaker 3 (02:24):
Head, w news of the world in ninety seconds.

Speaker 2 (02:29):
Now we're back in the Middle East this morning. Trump's
still firing off warnings to Hamas about dropping those guns.
As VP. Meantime is in Israel spreaking the deal.

Speaker 4 (02:36):
Where there's almost this desire to root for failure, that
every time something bad happens, that every time that there's
an act of violence, there's this inclination to say, oh,
this is the end of the ceasefire, this is the
end of the peace plan. It's not the end.

Speaker 2 (02:48):
His sidekick Whitcoff, is also there to open up the
organization that's allegedly going to run the place.

Speaker 5 (02:54):
This.

Speaker 6 (02:56):
Cm that we are CMCC that we're setting up. Now,
this is going to be used in other conflicts as
we figure out all the intricacies of how to how
to modulate a peace deal.

Speaker 2 (03:09):
And how to get your letters in the right hold,
as some of you see. So that a little time
maytime back in DC, speaking of c's it's still shut down,
Speaker Johnson still firing off theories as.

Speaker 7 (03:17):
To why Chuck Schumer and Hakim Jeffries are terrified of
their far less left base in New York and around
the country, so they have given in to their demands
to shut down the government so that they themselves can
get the left's approval and somehow salvage their political careers.

Speaker 2 (03:33):
Yup the road in New York where a Merrill wrote
votes is listened a couple of weeks away. Now the
conservative sleie one has to be claimed. He's still got
a lot of people ringing him up, offering to pay
him to bail.

Speaker 5 (03:42):
If you talk to me and you offer me a bribe,
which is unethical. It could be illegal, and I'm going
to have to run right to Alvin Bragg and his investigators,
and you could be in double troubles, double tubble.

Speaker 2 (03:56):
I'm going to get you smarter than the average bear.
Then medical matters in Brittan, Old Boris has been in
front of the COVID committee with a few regrets.

Speaker 8 (04:04):
It was obvious that that to be consideration of closing schools.

Speaker 9 (04:11):
I was very much.

Speaker 3 (04:14):
Hoping that we wouldn't have to close schools.

Speaker 9 (04:17):
I thought it was a nightmare idea.

Speaker 2 (04:18):
And in the theater and indeed on the table we
have a woman with Parkinson's being operated on while also
playing the clarity has helped the surgeons fine tune their treatment.
Apparently she also took requests. Actually I might have made
that up. Finally, what is it with Paris and nicking stuff?

(04:40):
This time we got a Chinese woman. She's been indicted
for stealing nearly three and a half million dollars worth
of gold nuggets from the National Museum of Natural History.
She was arrested two weeks after the heist in Barcelona
while she's trying to a Byteler back to China. It's led.
She cut through the doors of the museum with a
circular saw, then broke into the display with a blow torch.
She's been charged with organized theft and criminal conspiracy. The

(05:01):
officials apparently asked her at the time, have you seen
any old crowns? That is world and ninety sychos? Speaking
of the French chief, you're not aware of this. He's
actually turned up overnight and gone to jail. Carla was there,
the kids were there. It's five years first president, first
ex president to go to jail. He's appealing obviously. Twelve
past six, The.

Speaker 1 (05:22):
Mike Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talk Zippy.

Speaker 2 (05:30):
Got some insight from Disney yesterday when they internationally win
they Disney Plus when they dumped Kimmel a couple of
weeks ago, the churn went from four percent average to
eight percent, which equates to about three million cancelations. Hence
the hens the backdown, of course. Fifteen past six from
Sharing Partners this Wednesday morning, Andrew Kellerhead, Good morning, Molly,
MIKEE is it fat thumb? What's going on with the dery?

(05:53):
I mean, the numbers are all over the place. No
one seems to they cocked it up, haven't they.

Speaker 9 (05:57):
Yeah, that does appear to be in issue. Of course.

Speaker 10 (05:59):
The first thing I did when I got up very
early this morning, not as early as you obviously, was
to check the Global Dairy Trade Index prices, as you
do when you get out of bed, which told me
that the index was up twenty one point nine percent,
which looks suspicious, which I thought, gosh, that's quite a
large move and also looked suspiciously like the exactly the
same move as the anhydrous milk fat which was also
at twenty one point nine percent. So clearly an issue

(06:21):
there that we haven't got results. However, they have said
that the individual reported prices are correct. Now, if that
is true, then you've seen quite a large fallen and
the whole milk powder. So I would preface all of
this by saying we need to confirm this, but a
four point six percent fall in whole milk powder I
think is quite significant. Two point one percent fall and

(06:43):
skim milk powder that would take the whole milk powder
back to about where it was in October twenty four and,
without wanting to be sort of sensationalist, I suspect that
that whole milk powder move could could actually make people
shift the forecast. Yeah, so we wait to see that.
So it's not great news, and we certainly don't want
to see weakness in one of the current shining lights

(07:05):
in our domestic economy. Also interested in the breakdown of demand,
in particularly demand out of China, because I've sort of
been looking at those recent numbers out of China economics.

Speaker 9 (07:14):
It still looks quite soggy. Yes, so let's wait and see.

Speaker 2 (07:19):
Okay, we'll get the numbers when they they coming. Meantime,
this important export thing looks I mean, I'm encouraged by
the lack of imports and more exports. I mean, the
export's are doing well, aren't they.

Speaker 8 (07:27):
Yeah.

Speaker 9 (07:27):
Stats New Zealand. Yeah, while we're talking about exports.

Speaker 10 (07:29):
That's New Zealand released merchandise merchandise trade figures yesterday.

Speaker 9 (07:33):
This is for goods, not services.

Speaker 10 (07:35):
And if you dealve down to these numbers, there are
some really interesting trends at play, and I think you're right,
quite positive trends. Firstly, the monthly trade deficit September was
one point four billion dollars, which sounds like quite a lot,
but September is historically a deficit month, and it belies
some pretty good numbers underneath there. So September twenty five
versus September twenty four saw a nine hundred and twenty

(07:56):
eight million dollar lift in goods exports. That's a nineteen
percent left to five point eight billion. Goods imports rose
but only by one point six percent, And what's a
play in these numbers is probably not unexpected. There's a
big left in the value of milk powder, butter, cheese, exports,
meat and price effects. So there's two things can affect it.
That how much you're selling and that what price. A

(08:19):
lot of this is in the price twenty seven percent
of the move and milk powder was down to the
price effect and the meat also twenty five percent price
effect there. So we're getting better prices for our key
exports compared to last year.

Speaker 9 (08:31):
And the import four though does look like it might.

Speaker 10 (08:34):
Be impacted by a large sort of aircraft related input
twelve months ago, so you get the tyranny of statistics there.

Speaker 9 (08:39):
I need to check on that.

Speaker 10 (08:40):
Within the data they Mike and my eye was drawn
as the reporting on kiwi fruit keiifruit exports are surging
four and a half billion in the year end at
September twenty five, five years ago, that comparison was two
point seven billion, So it highlights the real success we're
seeing and exporting a ki fruit. So we celebrate those victories,
don't we Yes, And if you look at twelve month numbers,
twelve months of September twenty five, we've got a good

(09:02):
merchandise trade deficit of two point two billion, but weighed
on in twenty twenty three that deficit was seventeen billion.
Only a year ago it was nine billions. So you've
got the significant moderation in the amount of import So
we're curving our enthusiasm for importing stuff. Export values have risen.
Some of this is obviously down to the fact domestically
we're in a slump, but actually there's some good, good

(09:25):
stuff in.

Speaker 2 (09:25):
That exactly precisely now, Now Meridian, with the shareholders meeting yesterday,
are they serious about hydro Well?

Speaker 10 (09:32):
They say hyro Well, they say they are, and I
was quite surprised.

Speaker 9 (09:35):
I have two very things very quickly on this.

Speaker 10 (09:38):
You know, we spoke recently about the government response to
the Frontier Economics review of the electricity market, and I
think it's fair to say, am I fair to characterize
the media reaction.

Speaker 9 (09:47):
Was a little underwhelmed in what they've done.

Speaker 10 (09:50):
But the chair of Meridian, Mark Verbius, he called the
change that allows crown participation in new capital raisings the
biggest change to our capital investment settings listing in twenty thirteen.
This means the Crown can invest alongside private shareholders. So yeah,
they're looking at hydro, but what they're actually saying is
this could shift the dial and if they're now interested

(10:11):
in doing hydro, which and I just haven't heard people
talk about hydro. In other words, maybe these changes could
be a little bit more influential than we initially thought,
which is.

Speaker 9 (10:19):
Also good news.

Speaker 2 (10:20):
I reckon one of the numbers, kal Jones is up.

Speaker 10 (10:23):
Two hundred ninety one points, so day twenty one government
shutdown two hundred and ninety two points on the Dow
forty six nine hundred and ninety nine. That's point sixty
three percent. But the S and P five hundred is
flat six seven three three and the nastack down a
little bit. Google under a bit of pressure open ayes
talking about challenging it in the browser market. So the
NASDAK twenty two thy nine hundred and forty two.

Speaker 9 (10:44):
It's only down point two percent.

Speaker 10 (10:46):
Though the Forts to one hundred up quarter percent nine
four to two six, the Nike up about quarter percent
four nine three one six new PM there Shanghai comps
it up fifty two points one point three six p
three nine one six. The Aussie's got estage point seven
percent nine oh ninety four, and we gained a quarter
per cent. There's at fifty thirteen thousand, three hundred and
seventy seven q we dollar point five seven four to

(11:09):
four against the US on the wholesale markets ossie point
eight eighty four to two point four to nine four
to seven euro zero point four two ninety three pounds.

Speaker 9 (11:17):
Eighty seven point two one Japanese.

Speaker 10 (11:19):
Yeah, now gold bit at action here big four five
percent full four thy one hundred and eighteen dollars. Remember
it was it had gone parabolic.

Speaker 9 (11:27):
So that's that's come back a little bit.

Speaker 10 (11:28):
And Brent Crude, sorry, Mike, can't give you that mid
figure of five sixty one dollars and forty three cents.

Speaker 2 (11:34):
Chapta Murrow, Andrew Kella, Harshaw and partners, Other Media and News,
Warner Brothers, Discovery. So it will affect us here. They've
said overnight that they're getting phone calls and people are
interested and they are quote open for a sale. So
the share price is rocketed and that'll be interesting to
watch how that unfolds. Meantime, Apple acclaiming the seventeen has
outsold the sixteen for the same period of time, in

(11:54):
other words, for the first ten days of availability in China.
In the US, the seventeen has out sold the sixteen.
Mind Joe always suspicious about Apple in their numbers, and
they make three weird phones and they sell them mountain
in the You know it's six twenty one hered News
Talk Saidbo.

Speaker 1 (12:13):
The Vike, asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk SeeDB Morning Mike.

Speaker 2 (12:20):
Interesting, how boris front of the UK COVID inquiry but
not just ininder for hours to be fair, the British
one is adversarial and they can call witnesses. We sort
of can call witnesses, but it's not adversarial and there
is no compulsion, So ours operate underd different rules. Doesn't
make ours right. I'm just just differentiating the two. Yeah, Takeichi,

(12:43):
As Andrew alluded to, she looked in trouble a couple
of days ago because they needed some help from another party.
It's turned out they've got it. So the LVP of
the party, she is the first female prime minister in
Japanese history. She got two hundred and thirty seven votes
in the first round of voting four hundred and sixty
five seat house, so we didn't need a run off,
and she got those votes with the help of the
Japanese Innovation Party. So they've signed an agreement over the weekend.

(13:06):
And what the JIP want a reduction in parliamentary seats,
free high school education, and a two year pools on
food consumption text. The LDP seemed to have caved to that,
so they've done a deal. Six twenty five.

Speaker 11 (13:18):
Trending now with Chemist ware House, Great savings every day.

Speaker 2 (13:23):
Remember Kara Shan Pierre, the old White House spin doctor,
the Biden version of Libett. Well she not surprisingly of course,
given she's out of work, has a book, and she's
turned up on Colbert.

Speaker 12 (13:32):
You're talking to a guy who helped dress twenty five
million dollars for Joe Biden in March of that same year,
and thank you for that.

Speaker 3 (13:38):
Thank you very much.

Speaker 12 (13:39):
Later I saw a guy who I had not seen backstage.
It seemed like a dramatically different person. You can imagine
why people got so worried.

Speaker 2 (13:47):
He would say, yes, I know, I don't speak this
as well as I used to edit walk as well.

Speaker 13 (13:51):
As I used to.

Speaker 3 (13:52):
No one is saying that he.

Speaker 12 (13:53):
Didn't age and we're going to questioned his heart or
his policies. It takes more than that to be the president.
I had Steve, and in a moment of great thresher
on stage, we saw someone a shock us and worry us.
And no one is saying that the debate performance wasn't shocking?

Speaker 3 (14:11):
Was it a disappointment?

Speaker 4 (14:13):
No one is saying it.

Speaker 3 (14:14):
Is such a late time.

Speaker 14 (14:15):
I use your use your welfare.

Speaker 2 (14:19):
Yeah, you'll never get away from that. Unfortunately, you associate
yourself with a person like him, you can never escape
Morning Mike. Isn't it a surprise? The health policy of labor.
It's basically market intervention and price freeze and just astonishingly
damaging and weird. When does it end? I'm so glad
you raised that because as part of yesterday's cock up,
the actual story was missed, not that Hipkins forgot about it,

(14:44):
not that he said, no one cares, but the actual
policy itself. If you look at what they're trying to do,
it's gerrymandering the market. Now, if you don't understand that,
we'll come back and explain more shortly. Also, the Alliance
boat got through Money Talk Space at the end of
the day, will crunch some of those numbers and see
where it goes. Also for Fonterra too. News is next.

Speaker 1 (15:04):
Though, the newsmakers and the personalities, the big names talk
to Mike the Mic asking breakfast with al Vida, Retirement Communities,
Life your Way, News, togs Head Beslately.

Speaker 2 (15:18):
With Ridgard Arnold. As you heard earlier on the show,
Dances in the Middle East of the moment. Then they'd
also started the demolition on the White House, so more
details on that back home. Meantime, twenty three minutes away
from seven wasn't even close to the end. Alliance shareholders
said yes to the two hundred and seventy million dollar
door meets bid eighty seven percent support of the selling
of the sixty five percent of the company. Jeff Grant,
spokesperson for the Alliance shareholders, is with us. Jeff Morning,

(15:40):
Good morning.

Speaker 8 (15:41):
Mike.

Speaker 2 (15:41):
Can't argue with democracy, can you no?

Speaker 15 (15:44):
And you know the board has to be congratulated for
getting the deal over eighty seven percent quote a high barrier.
But it's the last of the meat corporates in New Zealand.

Speaker 2 (15:55):
Yeah, I was going to ask about that. Is it
emotional or is it just life?

Speaker 15 (16:00):
It's just life. But you know, the shareholders of the
company have effectively watched the directors lose you know, around
three hundred million dollars over seven years and value for them,
and so their equity went from seventy to thirty eight percent.
The company was forced into a position of having to
find new equity.

Speaker 2 (16:18):
How much of this, for people who haven't followed the story,
how much of this individual set of circumstances is an
alliance story versus the processing of meat story for an industry?

Speaker 16 (16:29):
Oh?

Speaker 15 (16:29):
Fair bit. If it's an alliance story, this is a
This will be a business management school one oh one
paper on how to destroy value without any doubt at all?

Speaker 2 (16:41):
Is it as bad as they made it? The management
made it out to be? In other words, the banks
aren't going to play ball. It's too much money. We've
got no money, we can't afford it, so we need
to sell.

Speaker 3 (16:50):
Is it that bad look.

Speaker 15 (16:52):
I don't believe the banks would have closed on the
nineteenth of December. He was going to be a receiver
six days before Christmas, four and a half thousand star
the start of the Pete kill. So there was a
bit of theater in it. I think that the group,
that our group was able to what I had indicator
that could raise the capitol. I just think the hour

(17:15):
run was too short, too late.

Speaker 2 (17:17):
Do you like dorn Meats? If you had to sell
these good people of.

Speaker 8 (17:22):
Mike.

Speaker 15 (17:22):
If you were to look around the world and say,
what are the four or five companies that you want
to be associated, Dorn Meat would definitely be one.

Speaker 2 (17:30):
And are they good people or are they going to
strip the place?

Speaker 15 (17:34):
The Lord only knows. The reality is that it will
depend on the stock flow, so how much they'll actually
be able to get This company was losing stock not
just on the basis of market share, but also just
because of the way they were operating the business. And
so I think it'll be a bit of a test

(17:55):
to see. We'll know in about twelve months what their
intentions are.

Speaker 2 (17:58):
Mike, get you back on them. You're insight. Jeff Grant,
who's the spokesperson for the Alliance shareholders, justin from the
White House. This thing. There's going to be a book
written about this, the Putin Trump things off. So it
was on till it was off. I raised the airspace issues.
I mean, how he was going to get from Russia
to Budapest where no one could work it out and
he needed a lot of compensation to be able to
do it because his war criminal, of course, But it

(18:20):
was on until it was off. So where that particular
war goes, we don't know. Richard Arnold with more shortly
twenty two the.

Speaker 1 (18:27):
Mike Hosking Breakfast Full Show podcast on iHeartRadio powered by
News talksp.

Speaker 2 (18:34):
Now, this is exciting. Here's the thing about Dice, and
they just keep upping the game. They got the brand
new V sixteen Piston Animal Submarine. Surely the coolest name
for a vacuum ever, the V sixteen Piston Animal Submarine.
So what do we got? We got there? It's cordless.
It's the most powerful anti tangle cordless vacuum they've ever made.
Doesn't just vacuum washes hard floors as well. It's got

(18:57):
a new conical head that automatically adapts to whatever you're on. Carpets, tiles,
wooden floors, does the lot powerful when it needs to
be gentle when it should be dtangles up to twenty
five inches of pet hair along here you switch it
up to the submarine cleaner head, I mean just the
submarine cleanerhead and you can wash away the dirt and
spills and the stains no problem. Packed with clever features
are the clean compact bin compresses dust so that you

(19:20):
hold up to thirty days worth. Tools, built in quick
release head, snow bending downs incredible, the dice in V
sixteen piston Animal Submarine. It's available now at Harvey Norman
Pasking Lots. The renter's market trading numbers this morning. Wellington's
falling off a cliff. Eighty dollars down on the start
of the year. Eighty dollars a week cheaper to Rent
and Wellington than it was at the start of the year.

(19:40):
National Median Weekly steady at six twenty, but it is
down one point six percent on the year. Big increase.
We're seeing some movement in Hawk's Bay. Big increase in listings,
twenty eight percent increase in listings for the month, but
nowhere in the Country's gone up bar Canterbury. Of course
you have one point up for Canterbury, one point eight
percent up for Canterbury. Rest of the country all and down,

(20:01):
north and down six and a half. As I said,
Wellington down seven, Moulder down three and a half, Walks
Bay down three, the West Coast, Tasman Southland zero. But
as I say, Winter's market sixteen to two.

Speaker 17 (20:13):
International correspondence with ens and eye insurance, peace of mind
for New Zealand business, not as we go.

Speaker 2 (20:18):
With jadalenbergod money to you, good one you make So
JD's working hard in the Middle East.

Speaker 18 (20:25):
That's right, Ukraine talks half in Middle East ongoing. And
here's a new word, not babysitting, but bib sitting that
bib as in Bib Natanyahu the ISRAELIPM and keeping watch
on him is the way that some here are characterizing
this visit to Israel right now by JD. Vance flew
into Israel estate and made his way to the southern
city of Kuriat Gut, which is the base for the

(20:48):
USC's fire monitoring team. Vance then appeared with the Trump negotiators,
the Middle East end voice Steve Whitcoff and Trump's son
in law Jerry Kushna, and he voiced his optimism while
taking a swiper the media as well.

Speaker 4 (21:01):
There is this weird attitude I've since in the American media,
in the Western media, where there's almost this desire to
root for failure, that every time something bad happens, that
every time that there's an act of violence, there's this
inclination to say, oh, this is the end of the ceasefire,
this is the end of the peace plan. It's not
the end. It is in fact exactly how this is
going to have to happen when you have people who

(21:22):
hate each other, who have been fighting against each other
for a very long time. We are doing very well.

Speaker 18 (21:27):
So blame the media. What actually is concerning Washington is
that Mettnia, who might back off the hollbroy could deal.
Two days ago Israel launched a way those strikes that
killed forty five Palestinians after militants fight on Israel and
he soldiers. So Trea is certainly being tested. Events makes
this acknowledgement.

Speaker 4 (21:45):
Right now, I feel very optimistic. Can I say with
one hundred percent certainty that it's going to work. No,
But you don't do difficult things by only doing what's
one hundred percent certain. You do difficult things by trying,
and that's what the President of the United States has
asked us to do well.

Speaker 18 (21:57):
One of the lingering issues is there a ton of
the remains of hostages killed when taken by Her Master.
Bodies of about fifteen hostages remain in Gaza, and Vance
says of the process, this is difficult.

Speaker 4 (22:09):
This is not going to happen overnight. Some of these
hostages are buried under thousands of pounds of rubble. Some
of the hostages nobody even knows where they are.

Speaker 18 (22:18):
Some Israeli officials accuse the mass of renegging not As
promised to return them for proper burials. Hamas saying they're
facing enormous difficulty in excavating some of the remains because
of the way so much of Gaza has been turned
into rubble. But Trump's son and Lord Garret Kushna says
the US team has a strong negotiating card in this.

Speaker 12 (22:35):
No reconstruction funds will be going into areas that AMAS
still control.

Speaker 18 (22:39):
So if this moves into a new phase, Mike, the
rebuilding the physical isolation of her mask could turn out
to be a strong factories what they're suggesting.

Speaker 2 (22:46):
Speaking of rebuilding our ball roomors go Yep.

Speaker 18 (22:50):
There was no announcement before this happened. Then a wrecking
ball was taken a part of the White House that
shocked a lot of people. It has left a section
of the east wing open to the elements as work
begins on what trumps and is a grand ballroom that
can accommodate nine hundred and ninety nine people, He says,
in the style presumably of I don't know, Palace of Versailles.
Trump had claimed that this would not affect the White
House building itself, which has looked the same throughout the

(23:12):
entire modern era.

Speaker 13 (23:13):
Won't interfere with the current building.

Speaker 2 (23:15):
I won't be It'll be.

Speaker 8 (23:18):
Near it, but not touching it.

Speaker 18 (23:20):
Well, that was patently untrue. You know, when they built
the Trump Tower in New York, the Donald pleasures to
preserve the much loved decorative freezes on that old building,
but instead these were jackhammered into oblivion. When Trump's father
tore down an historic amusement park in Coney Island, they
threw a party at the area, complete with bikini clad
models wearing hard hats. News of the partial demolition of

(23:40):
the White House East Wind came by chance to say,
presumably still working despite the government's shutdown. Worker sent a
photo of the damage to the media. There is now
a new order for no photos of areas that cannot
be seen from public sites. The two hundred million dollar
US three hundred and fifty million New Zealand Ballroom is
being paid for by corporate donors who presumably will be

(24:01):
wined and dined at the site. As for the public reaction, well,
here's a few comments from the Times site today. It
breaks my heart, says one quote. To tear out the
rose garden cover the overal office in fake gold is
like watching a foreign enemy burn the nation's capital, says another.
It will be the King Louis the fourteenth ballroom, says another.
Don't be surprised if a giant Trump logo appears on

(24:22):
the exterior. Others see this as simply Trump being who
is he disrupted, while critics see it as a metaphor
for tearing down the democracy. Well, here's another posted sort.
The next president should turn it into the new press wing.
Not enough gold rococo ornaments in radio studios these days?

Speaker 2 (24:39):
Is there good stuff?

Speaker 8 (24:40):
Go well?

Speaker 2 (24:40):
Richard Arnold Steitzide having been lucky enough to go to
the White House. What account work out is when you're tearing,
it's not that big. It's surprisingly small, and smacking down
one wall would be I would have thought problematic and
noisy for the people who work in the place. But
then again, maybe not James coming. He's asked a federal
judge to dismiss his problems criminal he reckons Lindsay Halligan,

(25:01):
the US Attorney, has been appointed unlawfully, so we'll see
where that goes. And then we've got watch out for
Friday because the guy called Paul and Gracia, who was
Trump's in battle nominee to lead the Office of Special Counsel,
has told the group of fellow Republicans in a text
chain that the Martin Luther King Holiday should be tossed
into the seventh circle of Hell. And he has a

(25:22):
Nazi streak. So he's due in front of the Senate
confirmation hearing on Friday our time. It's been independently verified
as the number listed on this particular chain is too
in Grasier. So I don't know how that's going to
go on Friday, but it's probably worth watching ten away
from seven.

Speaker 1 (25:37):
So my costing breakfast with a Vita retirement, Communities News,
togs Head been.

Speaker 2 (25:41):
Prosecutor, and the Jewels case, the Louver case. They've just
priced the snatch at seventy six million pounds. It's about
two hundred million New Zealand dollars or is it three
hundred million?

Speaker 14 (25:55):
Exact?

Speaker 19 (25:56):
It's only one hundred and seventy six point nine two.

Speaker 2 (26:00):
Thank you so Hipkins. Yes, I mean what a dofis?
I mean, honestly, Aur a whole two years to wind
yourself up into some policy release day number one? You
cock it up completely? And why don't they sit around
so you're in the room, you're brainstorming your blue skying.
Why aren't you in the room? Going right? If we're
going to say this on our policy, one of the

(26:22):
first questions going to be who's running it? What businesses
were involved? You know, in other words, specifics. The questions
are going to be specifics. Given those are the questions coming,
what is it we're going to say? So you got
some planning, So cock up day number one, cock up
day number two? Whoops, I thought it was tomorrow. So
Ash's not even there, she writes the article in the

(26:43):
Doctor magazine. He doesn't know anything about that doesn't have
a clue. And our later comes back for the press
conference and goes, I thought it was tomorrow, my bad
two years and he can't get it right. So then
the critical part of this actual policy to create, and
this is what's in the Doctor magazine, to create an
independent authority to set sustainable prices for general practice. Now

(27:05):
what does that mean? Who are these independents? And what
are they going to do? Is is that sustainable prices
for me and you? So they're going to go, Look
the seventy dollars that you're paying at the GP at
the moment, you can't afford that, so let's make it fifty.
So what's the GP going to go? They can't charge
more than fifty. How communist is that they don't already
get funded enough money to pay for their services anyway.

(27:27):
And so suddenly the Labor Party, through their independence, are
going to be able to tell doctors how much they
can charge and how much you and I pay. Who
makes up the difference? And then he says hepkins, no
one's interested in that anyway. What an idiot? Five to seven?

Speaker 3 (27:45):
All the ins and the.

Speaker 11 (27:46):
Outs, it's the bears with business fiber take your business
productivity to the next level.

Speaker 2 (27:52):
Major companies, couple of results for you this morning, GM
as in cars brookm Q three What do they do?
Forty eight point five billion for the quarter? Down a bit,
but up by over three billion on expected doings. So
in other words, they are that delivered. So the streagaways,
like I say, shares up more than fifteen percent. The
CEO says next year is even better. What it doesn't
do is include the one point six billion I told

(28:13):
you about the other day. That's a special charge for
their EV problems. They can't sell the EV, so they're
going to go this is going to hit us by
one point six billion. They've also adjusted how much they're
expecting to lose because of the traff the tariffs. They
thought four and a half billion, they now think it'll
be three and a half to four and a half.
So if that's at the top end of that hasn't
actually changed, but at the bottom end it could be
a billion dollars less. So that's good. Coca Cola. What

(28:34):
can I tell you? They've got the new recipe coming
out apparently Q three net and come three point seven
is that good? Three point seven billion Is that good. Yes,
it's up from two point eight five billion. Net sales
are up five percent. The two big markets, Latin America
North America Flat chief operating officer says demand for soft
drinks continues to wane. They're actually seeing the growth. Where's

(28:55):
the growth. Water. We're loving the water, We're loving the coffee,
and we're loving the tea. Those parts of the company
are increasing two to three percent. So the odd soft
drink's not what it was now. Poor Goldsmith. I hope
you got out last night and set a fire on
the beach, because that was the plan for the big protest.
Wasn't it go go light a fire on the beach
and that would change the world, wouldn't it. Except it
wouldn't because the Foreshore and Seabeed Amendment Bill. Have we

(29:17):
forgotten the foreshore an amendment The word amendments the critical
part of this. They're simply taking the law back to
what it was in twenty eleven. Now, the interesting thing
about that is, I note the opposition as saying that
if they get to power next year, they'll change it
back again. Why then, didn't they change it in the
years that they were in power. They didn't seem to
have a problem with the original law when they were

(29:39):
in power, but all of a sudden they do. Why
what's happened there? Anyway? Paul Goldsmith on this, and I
also have some very good news on youth crime. The
numbers seemingly don't lie. They've cracked down. They've cracked down
big time and it's been very, very successful. So we'll
crunch those numbers. Were you as well? Meantime news next.

Speaker 1 (29:56):
Credible, compelling, the breakfast show you can't bear it's the
Mic Hosking Breakfast with the Defender embraced the impossible news togs.

Speaker 2 (30:05):
There'd be one seven past seven. So the Foreshore Seabed
Amendment Bill gone through the House last night. It restores
the law to what it was originally. Of course sixty
eight votes to fifty four in the end, essentially reversed.
It's called an appeal decision that made it easier to claim.
Paul Goldsmith treating negotiations and Justice Minister with us, good morning,
Good morning, when your opinion, how angsty has this.

Speaker 20 (30:22):
Been a Look, Look, there's been quite a lot of
quite strong rhetoric overnight in the last couple of days,
but overall, look, I think most people recognize that a
balance was set. I mean, all New Zealanders have got
an interest in what goes on on the.

Speaker 21 (30:41):
Foreshore and the seabed.

Speaker 20 (30:42):
We all share this country. And so when you move
away from those basic expectations to the ability as you
have under this low if you have custom memrine title
to grant resource consents in an area for certain things
and a whole lot of quite valuable sort of rights
that there was a high threshold for that exactly process reduced.

Speaker 21 (31:03):
That threshold and we're restoring it. So that's the purpose.

Speaker 3 (31:07):
And look, I think it makes sense and it is important.

Speaker 2 (31:10):
Do you think that with the rhetoric that we've heard
in the media in particular, that people it has been
lost on people that you are merely restoring it to
what it was. You've not invented anything here, you just
taking it back to what it was.

Speaker 20 (31:21):
Well, look, I mean people will make all sorts of arguments,
and yes there's vague statements, rewriting of history and anything
involving the courts and the judicial process. You know, there's
always room for arguments. But ultimately that's all we're trying
to do. We're just trying to have a regime that

(31:44):
does allow MARI groups to claim and assert their customary rights,
but set's an appropriate threshold so that we're not dealing
with one hundred percent of the coastline being in this category,
which is quite a significant move away from what people
would normally expect.

Speaker 2 (32:00):
Are you aggrieved at the court over reaching the fact
you had to do this, Well, we would.

Speaker 20 (32:04):
Have far preferred not to have to have done this.
But look and when we first introduced this, it was
the Court of Appeal decision and there were you know,
there was house of protests from some groups. But then
of course the Supreme Court agreed with us that the
Court of Appeal had got it wrong, and then they
put their own threshold and we ultimately came to the conclusion,

(32:25):
after much careful thought, that even that their version was
still not what Parliament had intended. And we've seen a
couple of cases come through onto that threshold where you know,
essentially one hundred percent of the coastline in the Kaperty
area was granted a customer marine title and that certainly
wasn't the expectation.

Speaker 2 (32:46):
While I've got you your BSA comments yesterday, I thought
were interesting because they are in direct contrast to what
the Prime Minister said on Monday, Are you two heading
for a collision course? No?

Speaker 20 (32:55):
No, look, I mean obviously, as the responsible Minute, I
cannot interfere or steer particular cases and make.

Speaker 2 (33:06):
Comments on them.

Speaker 20 (33:06):
I think that there's two separate things going on. There's
the BSA making their extension into the Internet. What are
we dealing with, Well, internet providers who were doing a
thing similar to radio, and so there's a couple. There's
only a very small number of people in that category.
But there is a much broader discussion to be had,

(33:28):
given the fact that it's no longer makes obvious sense
why one group of people would be regulated and others wouldn't.
If you've got a podcast on politics, for example, that's
not regulated, but if you've got a radio show, it is.
And so we already were having a process to review that.
And there's two basic options. You could try and extend
the reach of the BSA to covering all things that

(33:50):
look similar, or you could just get rid of it
entirely and say, well, the world's moved on. And you
get rid of it entirely and say the world's moved on,
it sounds good to me, Well.

Speaker 21 (33:58):
That is one of the options.

Speaker 20 (34:00):
And so we're working our way through through this at
the moment and we're giving some careful thought to it.
You know, it was an act that was set up
in nineteen eighty nine before a whole lot of things
have happened, and so it's you know, nobody's got round
to dealing with it, and we are going to deal.

Speaker 2 (34:16):
With it when you're the man. Good start, all right,
appreciate it. We'll stay and touch Justice Minister Treaty negotiations.
Minister Paul's Goldsmith with us this morning eleven past seven
changes to financial markets reporting. A mandatory climate reporting threshold
is going to go from sixty million to a billion.
The claim as it costs a fortune to tell us
about the company's climate ideas and plans and impacts and
drives away investment. Apparently, Simon Beatty is the inz Exis

(34:36):
general manager of Cooperative Affairs and Sustainability and as with us,
Simon morning morning, Mike, call you. I'm well, thank you
you into this.

Speaker 8 (34:45):
Very pleased.

Speaker 16 (34:47):
These are very practical adjustments to the regia. Man will
be very welcomed by the listed market community.

Speaker 2 (34:56):
Is it true that I wouldn't invest in something because
there's too much which Gobbledegoo can report about the climate
that may or may not be relevant to the company
I'm looking at.

Speaker 16 (35:06):
Well, I'm not so sure about the ins and outs
of that, but what I can say around this regime
is that what we've had is essentially companies that have
had a market cap of sixty million or more, they
have had to report that or disclose their emissions, and
at the same time, their directors have become personally liable

(35:28):
for those statements and those emissions. And what that has
meant is that all the time effort and money has
gone towards protecting directors around forward statements, around risk and
what's in the statements, rather than actually dealing with reducing emissions, transition,

(35:50):
et cetera. So that's where the focus has been and
hopefully these changes will reset and be tilted the balance.

Speaker 2 (35:57):
So it's common sense, very practical.

Speaker 16 (36:00):
And workable, and what we've been pushing for is a
regime that is right size and workable for New Zealand.

Speaker 2 (36:06):
Fantastic, Simon, appreciate the insight Simon bt inz X with
us this morning. I mean, I've looked at Enzme's report,
I look at the report every year, mainly for photos
for me, but in there, the amount of climate nonsense
that's in there is unbelievable. I've got no idea what
enzid me is a broadcasting company, has to do with
the climate. And I mean, obviously I'm good for the environment.
I think they state that each year that the my
costing breakfast has been proven to be good for the environment.

(36:29):
But apart from that, the amount of energy look at
the pages and pages, it's absurd. So we've got something
good happening thirteen past seven, PASKI here's something that's not
been covered for what reason. I have no idea. We've
got the first application for offshore oil and gas exploration
under the government's new regime. So there is somebody ready
to go in Australian firm they registered two months ago.

(36:50):
They want five hundred and forty six square kilometers off
the coast of South Taranaki, third largest petroleum drilling zone
if granted, so they can specify a zone which they
have in mining it. What happens now is you've got
a three month open market window in which other companies
can apply for permits. Any conflicts are resolved by the
Minister of Resources. That's mister Jones, of course, Endze Energy
of the company concerned. They submitted the paperwork October ten,

(37:13):
approved October sixteen. Other firms now have got till January sixteenth.
So we're back in business. Where's the headline on this?
We're back in business and the oil and gas fantastic
fourteen past the.

Speaker 1 (37:25):
High asking breakfast full show podcast on iHeartRadio powered by Newstalks.

Speaker 2 (37:30):
That'd be still nothing on the dairy auction, by the way,
I'd love to know what's gone wrong there, because we
discovered in the early hours of the morning the numbers
didn't look right, and then they pulled the numbers completely
because they didn't look right. And we've still got nothing.
And its material for this country's economy, of course, so
we'll keep you post At seventeen past seven. Speaking of money,
another look at Key we say for their impact of
being able to pull money up for a first home.
So we got a new report and they say the

(37:51):
average withdrawal of seventy five grand at thirty five years
of age should leave enough for a modest retirement by
sixty five. Clear Matthews, Doctor, Associate Professor at Mass and
the report author is back? Will this clear? Good morning,
morning mate. I suppose this is all ideological, isn't it?
Whether you see housing as a retirement tool, therefore pulling
it out of another retirement tool really doesn't matter, does it.

Speaker 13 (38:12):
No, that's right. It tends to be a little bit
easier to manage your retirement if you're in your own home.
That gives you that stability, and therefore it does make
sense from that percept that's been about able to use
your key, we save it to a system. Getting to
that point, is.

Speaker 2 (38:27):
This emergency thing become an issue? In other words, I'm skinned,
give me my money back. Is that a problem?

Speaker 13 (38:33):
I think it is. I know a lot of people
complain about how hard it is to get money out
for hardship, but given the volume of with falls, either
it is too easy or as a sign that there
is really significant problems in the economy, and therefore that
needs to be resolved. Because having large amounts of money
coming out of key we save it is not good

(38:53):
for everyone's retirement.

Speaker 2 (38:54):
What about the overarching thing that everyone keeps messing with it?
I mean, the government messes with it, We mess with it,
you know, And the whole idea of retirement saving is
put away and forget about it, don't mess with it.

Speaker 13 (39:05):
Oh, that's been an ongoing issue. Yes, it's needed some improvements,
and I'm sorbobly still not quite where we want it,
which and I hate saying that because the last thing
we really need is to have it fiddled with again,
because every time the governments of whatever stripe do something,
do some kind of adjustment, it just makes people nervous about, well,

(39:26):
what are they going to do next time? And we
can't afford people to be nervous about their key we savor.
We want them to trust it, to know it's going
to be therefore their retirement and therefore to be able
to make good use of it.

Speaker 2 (39:36):
Why don't we like Australia they seem to have solved it.

Speaker 13 (39:41):
I can't answer that question, you'd have to ask our politicians.

Speaker 2 (39:43):
No, But if you were looking at a model, if
I said, clear magic one time, clears in charge of
solving this problem once overall, wouldn't you say, Australia or
Singapore make it compulsory, expercent get into it, stop moaning
and we'll see in twenty years.

Speaker 13 (39:56):
There are any elements of that. I'm not sure I'd
want to follow the Australian model completely, but there are
certainly elements there. I'd like to see us with higher
contribution rates if i'd like to set it compulsory. So
there are certainly some things there. I just wouldn't take
the Australian role as a whole.

Speaker 2 (40:10):
Nice to talk to you, clear, Claire Matthews. The old key,
we save it debate, it never stops. Goldsmith's got problems.
So here's what my reference to Goldsmith was. He was
busy yesterday saying there are some things that look like radio,
some things that don't look like radio. So if he's
going to make a call on the BSA and what
sort of intrusion into our lives they're going to be
allowed to have? Where's the line? Because yes, something online,

(40:33):
the mechanism of transmission is different, but what looks like radio?
And why doesn't some rabbid nut job on the internet
doing a podcast potentially look like radio? And if they
look like radio, why aren't they covered? Or do you
just say this is a Pandora's box, So let's just
flag it in everyone to themselves. Big Call seven.

Speaker 1 (40:57):
The Mike Asking Breakfast Full Show podcast. It's on a
hard radio how it by News Talk Sippy.

Speaker 2 (41:05):
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Pos skiing seven twenty five for our default futility or
our default too futility worries me at the moment. I
mean the same sort of thing as think about this
over the weekend, you know, the No Kings march in America.

(42:10):
I mean, what actually is the point? Think about it
and tomorrow is going to be another one. What actually
is the point of waving placards or in the boom
the bill case lighting fires on beaches. The bill they
want to burn, as we've just been discussing, is the
Marine and Coastalaria Amendment Bill. The amendment part is the
bit where it's being returned to what it was. It
got messed up with court, as you've just heard Paul explain,
given the courts are increasingly interventionists and all that's happening

(42:31):
in the law, it's being returned to what it was.
And what it was is have you had ongoing access
to the bit of water or coastline since the eighteen hundreds,
and if you haven't, you might not have an argument.
That's it. It is of course all anngsty because it's
all race based. David Seymour I know yesterday called the
lighting of fires on the beach unenlightened and anti intellectual,
and I thought he's probably a mixture of being right

(42:53):
and I suspect slightly antagonistic. But here's my question, to
what point, to what end? I mean, I get it
there are the those who are exercised and don't like it.
I get that fair enough, But guess what Lighting a
fire at a beach isn't going to change it? Clearly
are the petition they had one of those two twenty
thousand signatures. It's not even a big petition. Seventy six
thousand people signed one to stop me hosting the election

(43:15):
debates on television back in twenty seventeen. If seventy six
thousand doesn't stop a television host, twenty thousand doesn't stop
a law. Clearly, Trump won the election in America easily.
He's doing nothing he said he wouldn't do. Now, yes,
it's mad and unhinged if you don't like him, but
he's doing it because he's got the support of enough
people to do it. The same way this government is
amending law because they said they would and they won

(43:38):
the election. We must always, of course, retain the right
to protest unless it's actually over the Auckland Harbor Bridge.
I hate that, but that's about geographics, not right but protest.
I think Losers has lost a lot of its impact
because it's become a habit, it's a default, it's the
pastime of the board and the obsessed. It's become a
cottage industry. If we put the same energy into productive outcomes,

(43:59):
this country could be amazing. So you lit a fire
on a beach last night, how'd that work out for you?
Asking my great news on oil and gas exploration rebirth.
Next step, the most important one is to keep the
Muppet coalition away from the Treasury benches next year. While Stephen,
the problem with that is, of course they did right
to Hipkins and ask about the sort of this cross
party thing, and they got nowhere with it, so that

(44:21):
will be an election year. And I note also that
the foreshore, as I mentioned earlier on in the program,
for the years they were in power seventeen through twenty three,
where the law was the same as twenty eleven, they
didn't do anything about it because they didn't seem remotely
exercised about it. Now, all of a sudden, because this
government's done something like put it back to where it was.
They're going to repeal that, are they? So they seemingly

(44:43):
make it up as they go along. There we come
to Duncan web what happened with him? So Duncan web
yesday and a lot of you are going to go
who Duncan's been a MP for nine years in christ Church?
Christ Church Central or the nice bits of Christchurch where
I come from, Saint Albans, Marie haw Linwood, that's Christchurch
Central for you. Anyway, Duncan's quitting and he wants to
go off quote unquote adventuring. He's quitting to go adventuring.

(45:08):
Now is that a guy running from sinking ship? Or
what I mean? You don't quit a job to go adventuring.
I mean as they haven't sacked them, they can't sack them.
So why is he leaving after such a short period
of time. It's not like he's been there for one
hundred years, been there for nine to go adventuring? Something
doesn't add up.

Speaker 3 (45:26):
It's no fluff, just facts and fierce debate.

Speaker 1 (45:30):
The Mic Hosking Breakfast with Bailey's real Estate finding the
buyers others can't use togs head b.

Speaker 2 (45:36):
Tom Holman, who's one of Trump's men, he's the boarders,
and he's been accused of We've never got to the
bottom of it, but he apparently was given a bag
containing fifty thousand dollars cash. That's the great Tom Holman's story.
So he's just tweeted out, xed out, whatever you want
to call it. I never took any fifty thousand dollars
from whatever you're talking about. This This is on his
account this morning. I never took any fifty thousand dollars

(45:58):
from whatever you're talking about. I also never took the
fifty thousand dollars your wife offered me last night. So
obviously there's something going on with the trolling in the
White House administration at the moment, because Levitt was out
there yesterday saying your mother, your mom. So some guy
asked some questions about the Buddhapest thing, which is off
now anyway going. Did Trump ever think about the imperence

(46:20):
of Budapest and what it means to the Ukrainians and
the You need to know about history, but don't worry
about it. Who who decided Budapest was the place? And
she tweets back, your mom anyway, So I don't know
what the drilling on the East Wings getting from twenty
two minutes away from Ace not once. Now government crackdown

(46:41):
on crime appears to be paying major dividends. By the way,
Mark's backwood us. He's out of hospital. He's been in
a hospital. He's been in hospital quite a lot. And
I don't think I'm breaking any secrets and telling you that.
But he's out and he's good and he's back for
Jinny Aupter eight o'clock. Now, the government's crackdown on crime
appears to be paying major dividends. We've got a sixteen
percent reduction and serious and persistent offending for young people now.
The target, if you remember, was fifteen percent by twenty

(47:03):
twenty nine, so they've beaten it by four years. Karen Shaws,
the Minister for Children and is back with us. Karen,
very good morning.

Speaker 3 (47:09):
To you morning.

Speaker 18 (47:11):
How's it going very well?

Speaker 2 (47:12):
Indeed, are you four years early because you made up
some random number to make yourself look good or is
this actually really good news?

Speaker 22 (47:19):
This is actually really good news. We've been tracking it
quite closely and making sure that this is a trend
of going down and it's not just a blip, and
now we know for sure at the sixteen percent mark,
we know for sure that we're on the right track.
It's heading downwards, and this represents less victims in our community.

(47:40):
Mic So it's a positive for everyone, each and every
one of these young people that's no longer offending. It
is no longer hurting or harming someone in our community.
The harm is no less painful for the victim. If
it's a fourteen year old or a twenty five year old,
callting that harm. And so we're seeing a clear message
that this is not okay. That's getting out there.

Speaker 2 (48:01):
How have you done it? And with who? I mean,
why are they not reoffending? All of a sudden, some
of its.

Speaker 22 (48:07):
Young people no longer believe that they can avoid this accountability.
I'm hearing it all across our communities that they know
that there's going to be consequences as the court. Other
parts of it are better coordination between courts, autootamariki and police.
And then we've taken some of the learnings from the
military style academy pilot and put better investment into transitional

(48:32):
support for young offenders coming out of youth justice. And
we're investing in a number of safety and quality improvements
to facilities and youth justice residences. So there's a lot
of work that's been going on in the background all
around rehabilitation and making sure we're helping these young people
be the best versions of themselves. This is good for

(48:52):
them and it's good for our community.

Speaker 2 (48:54):
So sixteen percent is that low hanging fruit? Is there
more where this came from?

Speaker 23 (49:00):
Oh?

Speaker 22 (49:00):
Absolutely, We're not going to stop here. This is just
really we're We're on the trajectory of tackling this and
I'm really proud of the work that has been done
by the teams across all our agencies to accomplish this.

Speaker 2 (49:16):
Fantastic Karen, good to catch up with you appreciate it
very much, Karen. Your sixteen percent reduction. They said they
do fifteen by twenty twenty nine. They've done sixteen by
twenty twenty five. Cann't argue with that. Can You're twenty
minutes away from eight? Excuse me your Vance and witcough.
I like Vance the more I look at him, and
you forget the politics I'm just talking about. He seems
an articulate guy. He's got some energy. I don't know
how they're going to handle the Vance v. Rubio thing

(49:38):
come twenty twenty eight. I mean, I know that Rubio
wants to run, but you know Vance is the VP
and he would get first, go as far as I
can work out. Anyways, he's in the Middle East and
he's talking about being optimistic and you do hard things. No,
I sort of, you know, I like that. Anyway, Witkoff
is there. If you want to read something really good,
though you know it's all going to end up in
tears because we've been here a million times before. As

(49:58):
much as you want to listen to Vance and go yeah,
I hope it works, wouldn't it be cooled? This would
be amazing. It's not. You know, it's not you're watching.
Go watch the videos of her mass with their iron
bars this morning, beating the shit out of the average Palestinian,
smacking them to pieces. I mean, it's just as it's medieval,
and that doesn't stop just because somebody rolled in in

(50:19):
Air Force one and said, guys, it's off. It doesn't
work that way. And if you want to read a
very good piece Sydney Morning Herald a couple of days
ago under the headline Greatest reason Gar's War will not
end why her mass isn't going anywhere?

Speaker 1 (50:33):
Eighteen to two The My Casting Breakfast, a full show
podcast on iHeartRadio.

Speaker 3 (50:39):
Now it by news Talks.

Speaker 2 (50:41):
It'd be I had no idea Ikea have brought up
so much forestry in New Zealand? Did you know that?
And we're in the Herald's coverage now. No one has
covered the opening of Ikea like the Herald. They, to
my last count, have run three eight hundred and forty
two stories about the pendic opening of the Ikea store,
and yet never once had they talked about the forestry
purchase going on with the goodness say just asking anyway.

(51:02):
I'll come back to the numbers later. What I'm more
interested in talking to you about for a moment is
the is the web Duncan? So, I'm am I weird?
Is my opening question here? Don't answer that. So I
started out and I wanted to do something with my life,
and I thought, I know, this radio thing sounds quite fun.
I'll give that a crack anyway. Turns out all right,
doesn't it? Really? Forty five years and counting on it,

(51:23):
it's worked out reasonably well. Duncan's a lawyer, and so
there's nothing wrong with being a lawyer. Maybe he got bored,
I don't know. But then the politics came along and
so he got given a plump seat christ Urge Central
broadly speaking, christ Chutch as a labor town for reasons
best known to itself anyway, christ Church Central. So there
was christyurt Central. By the way, if you don't know,
is the seat of Palmer is the seat of Delzel.

(51:46):
So he's given the plumb seat. He's a lawyer, goes right,
give politics ago, this will be fine. Now, there's nothing
wrong with that. No, he's clearly worked out after three terms,
and I would think, and this is my rats running
from a sinking ship scenario, I would be thinking either
at the moment, thinking we stand a pretty good chance
of getting back to government next to you looking at
the polls, or he's thinking, we don't stand a hope
in hell, because I know a whole bunch of stuff

(52:06):
about the Labor Party. You guys don't, and we don't
stand a chance of getting back.

Speaker 19 (52:11):
So or he knows all the stuff that we do
know about them.

Speaker 2 (52:14):
Maybe he does, and he's worked out they're not coming back,
so he wants to go and do something else. But
at his stage of life, having been a lawyer and
then having been a politician after three short terms and
two of which have been in government, and that would
be the period of time in which you'd think, right,
I can do some stuff being a cabinet minister. I
can change stuff, I can fix stuff, I can make
some law. I can make a contribution that will last

(52:36):
or stand the test of time. Why then do you
give that up? Or is it just some people go
I'll do this and then I'll do that. And he's
quit yesterday with no idea what he's going to do,
and he said those classic words, I think I've got
something left in me. I think I've got one more
job left in me. I'm thinking, what is that job, Duncan,
What is it you're going to do? You're going back

(52:57):
to law, You're going back to do something completely different.
I mean he's off adventuring now and a bit of hiking,
bit of skiing, which is fun, but that gets boring
after a while. So what's he going to do? And
I just can't work out. Are there people? This is
my main question to you. Are there people who simply
go through life? And I'm not talking just about jobs
like I worked at the dairy, and then I milked

(53:18):
some cows and then I drove a truck. I'm talking
about careers. I was a lawyer, I was an MP,
and now I'm going to do career wise something completely different.
Are there people like that or see I find that unusual.
I don't think there are many people like that. And
there are more people like me who got into something
because they wanted to get into it and have thoroughly
enjoyed the experience, and that will be their lot.

Speaker 19 (53:40):
I mean, all I've ever wanted to do.

Speaker 2 (53:42):
Is retire, and you haven't even done that.

Speaker 19 (53:45):
I'm not fifty eight yet. Like Duncan is, maybe he's but.

Speaker 2 (53:49):
He's not going to retire. He's got one more thing.

Speaker 19 (53:52):
Lead he thinks maybe he has so.

Speaker 2 (53:53):
But when you get to fifty eight, if I said
to you, do you have one more thing left in
your glenn, you'd go no.

Speaker 19 (53:59):
Correct, yeah, only not even sure. I've got tomorrow left
in me.

Speaker 2 (54:04):
I think we've already concluded that. Eleven away from eight
the mic.

Speaker 3 (54:09):
Honking, Breakfast with the Defender and use Tom deed b.

Speaker 2 (54:11):
But way away from it insight into our view of
the public sector. The Ombudsman annual report shows a record
eighty one hundred and sixty three official information at complaints,
that is a thirty percent increase. They also got two
hundred and seventy eight protected disclosures under the whistleblower law.
That's up twenty six percent. John Allen is the chief
hombardsman as with us. John Morning, Morning, Mike Ka. I'm
very well. Indeed, you haven't been in the job long,

(54:33):
have you no?

Speaker 23 (54:34):
About six months?

Speaker 21 (54:35):
Now?

Speaker 2 (54:35):
Is it fun?

Speaker 10 (54:36):
Yeah?

Speaker 3 (54:37):
It is fun.

Speaker 23 (54:37):
It's an extraordinary role to be able to cast your
eye over four thousand government agencies, to be able to
engage with the community around the things that are concerning them,
in how they are dealing with those agencies, in being
able to find a way to create improvements in the processes.

Speaker 2 (54:54):
What's led to the increase?

Speaker 23 (54:56):
I think a few things. First, As you know, I'm
in public confidence in government generally is declining. People are
under a huge amount of pressure as a consequence of
cost of living, in housing and tealth and all of
those sorts of things that we talk about all the time.
And the ombite of jurisdictions are really interesting one because
it's free to the complainant, because it's independent of government

(55:20):
because it's private, and because the process is inquisitorial, not adversarial,
which is the way the courts manage these things. So
it's a pretty attractive vehicle to be able to raise
concerns that you have with the state if you're an individual.

Speaker 2 (55:36):
Is the term attractive vehicle a nice way of saying
a bunch of bored, lazy no hopers have got nothing
better to do with their time. But moan.

Speaker 23 (55:44):
No, I don't think that at all. If you look
at the substance of the complaints that we are getting.
These are people who have genuine issues and genuine concerns,
and as a consequence of the complaints that they are making,
we are able to both identify areas of improvement in
many cases and also look to systemic changes across the

(56:07):
entire system that benefit everybody.

Speaker 2 (56:09):
Do you know what percentage of those would lead to
what you've just explained? In other words, it was worth
complaining about, and here's what's happened because of it.

Speaker 23 (56:17):
I don't have a percentage that tells.

Speaker 2 (56:19):
Me that half of them or a few, or I would.

Speaker 23 (56:23):
Have said it would be maybe half of them my case.
So I mean that's that's a that's a six month
observation on the on the things that come across my desk,
in which I see, in which I in which I engage.
But the reality is that it is a very effective
mechanism for actually making change because we can engage with

(56:44):
the agencies. We have the human stories from the complainants,
so we can we can tell that those stories, and
we can look across all of the data and across
the entire system and say, these issues are coming up
time and time again, how do we think it's them?
Here's our recommendation.

Speaker 2 (57:02):
How do you explain your clearance rate which is higher
than the number of complaints you receive?

Speaker 23 (57:07):
Oh? Are we getting focused on getting things done more quickly.
So we've had a bit of a backlog over the
last little while, as you know, a huge number of complaints.
Growth creates that sort of thing, And we're really now
focused on getting timely reports out because if they're not timely,
they're not going to be useful to drive change.

Speaker 2 (57:27):
Now, I note in reading the report that you credited Boshia.
Of course, and that was the weirdest rule. Did you
know that? I mean, you're a young man, so it
doesn't apply to you, but you've got to retire at
the age of seventy two or I mean, who invented
that rule? I'd complained about that. In fact, I might
write to you and complain about it.

Speaker 23 (57:41):
Yeah, yeah, well, I mean for those of us who
are sort of, you know, seventy two adjacent, it becomes
it's a bit of an issue, isn't it her? And
it does seem a pretty odd a pretty odd requirement
in the current world.

Speaker 2 (57:53):
Exactly nice to talk to you. John Allen, who's a
very nice bloke who these days is the chief hundberdsman,
and I know is very blake because I did a
couple of things with him when he was the head
of New Zealand post years ago and very very entertaining.

Speaker 19 (58:09):
He seem to be inndimating there that you were seventy
two adjacent? Did you know what?

Speaker 2 (58:13):
I don't know what he was those of us. He
said that in a way he might be one of
those guys who looks a lot younger than he actually is,
because i'd have him I'm guessing late fifties, early sixties,
possibly at a push, So maybe he's maybe he's maybe
it's been maybe when I worked with him. It was
like fifty years ago and where all kids and I've
completely lost my mind four minutes away from eight. Get

(58:35):
you're so cynical, so cynical. Surely Duncan Web has just
given up after three terms because it's all about the perks.
He knows that after three terms Mikey gets the government pension.
How many I mean after three terms, yes, you get
your pension, but I don't think it's it's not enough
to survive on for the rest of your life and
go adventuring with. I mean, yes, it's a it's a

(58:58):
it's a luxury perannuation scheme. We understand all of that,
but you know the people who make the real dough,
the people who have been there for fifteen twenty years,
and then asking you the question here is my other problem,
because I mean, no one's moaned more than I have
about all the lifers, all the hangers on who've got
nowhere to go because they're so useless that they just
work out the being an MP is the only thing
they can do. And so the last thing you want

(59:19):
are people hanging on when they shouldn't be there. So
so I remember when Morris Williamson arrived in Parliament many
years ago. He'd be seventy two adjacent too, wouldn't he Actually,
so he arrived from me in New Zealand and he said,
I'll tell you what, I've got things to do. I've
got a life ahead of me. I'm here for three
terms maximum, and about forty eight years later he finally
shuffled out of the place. But anyway, the point being

(59:40):
you want you want some turnover, but equally after three
terms with the possibility of returning to government. The web thing,
I'm probably just building this into a conspiracy that it
isn't to be. Frank, I'll ask Jenny, She'll put She'll
put me in the place. Shortly, Mark and Jinny are.

Speaker 3 (59:54):
Next asking the questions.

Speaker 1 (59:58):
Others won't the mic hosking, Breakfast with Vida, retirement, communities,
life your Way, news talks.

Speaker 3 (01:00:04):
He'd be one.

Speaker 14 (01:00:09):
I so much loved it was a world to me.

Speaker 2 (01:00:19):
I would never have guessed this is boss gags in
a million years and once he'd be seventy two adjacent.
Cry All Day Long. D two is the album first
album in seven years. It began as an informal series
of demos. You sort of like the show Actually interpreted

(01:00:40):
some of his favorite standards. One clearly Leado Shuffle wasn't
one of his wasn't one of his favorites.

Speaker 19 (01:00:49):
He's actually almost less seventy two adjacent than you. It's
about the same adjacent at the other side.

Speaker 2 (01:00:56):
What what does that mean?

Speaker 15 (01:00:58):
One?

Speaker 2 (01:00:59):
I was going to say, so you can't be my age,
mind you? I feel eighty.

Speaker 19 (01:01:02):
One just this morning, just now.

Speaker 2 (01:01:08):
Eighty one go so detours the album. It's his old
favorite stuff he likes. He's jumbled together eleven of these
and there's forty eight minutes and forty one.

Speaker 19 (01:01:20):
Guess it's not a bad one. That's that have dinner too.

Speaker 3 (01:01:23):
This was in the background because.

Speaker 2 (01:01:26):
To say this is chickens to rye and the music correct.
It's eight minutes past eight. Mark Mitchell's with us along
with Ginny Anderson. Good morning to you both. Good bye now, Ginny,
do you want to welcome Mark back out of hospital.
He's been very unwell.

Speaker 24 (01:01:45):
Yes, I do. Actually I know when I went to
along to the I was actually really consumed when I
heard you gone back, and so I'm pleased to hear
that you're out and things are going good.

Speaker 25 (01:01:53):
Yeah, thank you and the care from the team at
Norseal Hospitals yesterday and the first thing I did do
my favorite thing, get straight down McDonald's, get a thick
shake and burning again.

Speaker 2 (01:02:08):
Are you actually cured? Mark? Are you fixed? Per se?

Speaker 21 (01:02:13):
Yeah?

Speaker 8 (01:02:13):
I am.

Speaker 25 (01:02:13):
I just I needed a big blast of iv andy
bidos because I had an infection that hadn't been detected
and actually been with me for about two years and
it's sort of broken down the rest of the body's defenses.
So I was getting things like a chest infection that
should go away in twenty four hours and it was
transitioning into amumonia. So they've done a great job to
world to identify the problem was but we will and
truly on.

Speaker 9 (01:02:33):
Top of it.

Speaker 2 (01:02:33):
Would you say, hand on heart, you got no special
treatment because of who you are, and therefore when you
actually need the public health system in this country, it
actually works quite well.

Speaker 25 (01:02:45):
It does look and it does work extremely well. I
got no special treatment at all. No one was even
aware that I was a minister when I was admitted
in Wellington and that was great. And then at Northshaw
Hospital I was in a room with three other guys
that I became pretty good mates with them. We're all
on our health journeys, and but the staff for quite
simply outstanding.

Speaker 21 (01:03:06):
They were brilliant. I just want to say huge thank
you to them.

Speaker 2 (01:03:08):
Not at all, Katie said, I should think.

Speaker 24 (01:03:10):
Sorry, carry on, Jinny, the offer for for weekly yoga sessions.
More than happy to come along. We can do the
non hot one to start with. But makes me good.

Speaker 21 (01:03:20):
Change you trying to get me back into hot yoga
with you again.

Speaker 24 (01:03:23):
You can use my smoothing maker, you can use my
smoothie maker, and it's a kind of.

Speaker 2 (01:03:35):
Now I want to I mean, we've got this policy thing, Jinny,
and I don't want to upset you so early in
the week, but I mean, honestly, I mean, what the
hell's going on with you guys? You've had two years?

Speaker 13 (01:03:45):
What what?

Speaker 24 (01:03:46):
What is the question?

Speaker 2 (01:03:47):
Well, the question was what the hell's going on with
you guys?

Speaker 26 (01:03:51):
Well, I would say, I would say, Mike, is there
New Zealand's got a problem. Right back when when I
first got involved with doing work on the economy and
economic development, and that was in the mid two thousands,
that we hear companies like forty two below Vodka go
where companies like Navman go. Since then, more recently you've

(01:04:11):
got trade mee PGG writes and seeds, picks, peanut butter,
tiptop icebreaker SYSTEMA. These are all smart New Zealand companies
employ New Zealanders that get to a certain level and
they get bought off and the jobs go and the
ideas go, and we lose all that benefit from our
common economy. So the Future Fund is one way of
backing and providing some certainty that those companies can actually

(01:04:35):
stay in New Zealand.

Speaker 2 (01:04:36):
Yeah, provide cap that's fine, we all understand that. But
the questions then got asked, who's running it, who decides
whose dividend are you using, Where do you get the
money from? When are you using the dividend on that
to pay down the debt et sect for? None of
those questions were answered, Well, it.

Speaker 24 (01:04:49):
Will be like the super fund. The Guardians would do
that and there would be the settings. They will be
different from the super fund because it would be expected
to invest in New Zealand and key we infrastructure and
companies with the idea of building stronger communities, more jobs
and better opportunities. And what's the.

Speaker 2 (01:05:05):
KPI on it, What's what's the strike rate? What if
you start losing money and picking losers not winners.

Speaker 24 (01:05:10):
Well, if you look internationally, whether it be Norway or
or other ones such as Singapore, none of them lose
money over time. They are all growth funds that slow burn, yes,
but they return, They deliver a return. And that model
internationally shows that they all give a return. And what
means that those it means that those funds are working
smart at their assets owned by New Zealand, and we

(01:05:31):
want to make sure that those funds are going back
into New Zealand to back the firm.

Speaker 2 (01:05:35):
So they what do you do with the money to
pay down the debt that you don't have in the
first place, Well, we.

Speaker 24 (01:05:41):
Don't pay it to tobacco companies for a start, because
you didn't.

Speaker 2 (01:05:45):
Jenny, don't do this. You didn't pay it tobacco companies
that were that was an exemption on tax that was
never paid.

Speaker 24 (01:05:51):
Well, those funds are part of an overall fiscal plan,
are reinvested back into New Zealand. So we're paying less
and unemployment fees, we're paying lease in other ways of
people not accessing healthcare. So they invested back into New
Zealand and over the long run, they would save us money.

Speaker 2 (01:06:07):
There you go, Mark again, all right, you can have
a response to that Mark and just the moment, we
got more detail out of Jenny just now the mark
than Chippy gave us. On Monday, thirteen past day.

Speaker 1 (01:06:16):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 2 (01:06:22):
Talks It be You Talks, sixteen past eight, Mark, you say,
what to the Future Fund?

Speaker 25 (01:06:27):
Well, the most it's been a flop, But the most
obvious question immediately is where's the money coming from? I mean,
this government, the Laby got, the previous labor government put
us into a massive debtthole that we currently as a country,
all of us are paying nine billion dollars annually on
their interest. Where's the money coming from? All of those
companies that she rattled off have got strong balance sheets
and they make their own decisions. And do they want

(01:06:49):
corporate welfare? Probably the answer is no. And so yeah,
it's the whole thing is just And they've modeled it
on the Singapore model. They say they've modeled on the
Singapool model. The Singapool model is completely different with a
totally different focus. So I think it's been scored three
out of tea.

Speaker 21 (01:07:04):
I agree with that.

Speaker 2 (01:07:05):
I think, okay, Jenny, just quickly, because I don't want
to get bogged down on this. When you said sustain
a systemer of course was a perfectly successful company and
they sold out to somebody who came along with six
or seven hundred million dollars. If you are funded by
the Future Fund, does that mean you cannot sell yourself
when you get successful.

Speaker 24 (01:07:20):
Well, there are terms and conditions that will be established
by the guardians who decided you don't know that money,
so that it would depend on the circumstances and what
benefits that about rocket back to New Zealand, What jobs
would it provide, what infrastructure would it provide? Stronger, So
I'll give you another example, and where the money comes
from is from taking state owned assets as well as

(01:07:40):
a two hundred million dollar state injection and putting that
and as a startup fund like other ones similar to it.
But was just in the last week, Mike, we saw
Southland based Alliance group that useless.

Speaker 2 (01:07:53):
Though that's the problem the right, The reason, the reason
they're in trouble.

Speaker 11 (01:07:56):
Is the.

Speaker 24 (01:07:58):
Reason is we've got record prices for red meat around
the world, record prices, and we've got a New Zealand
owned outfit being brought off by sixty five percent to Ireland.
Now that's jobs in New Zealand gone.

Speaker 2 (01:08:10):
This is where you're going to get yourself into trouble.
Who voted for that, The people who owned the company,
who were the farmers, They wanted this.

Speaker 24 (01:08:16):
They rallied around at the last minute to go they
got and they couldn't find the capital.

Speaker 25 (01:08:23):
So once she said that she wants to take the
dividends they want to take differdence from state owned enterprises
which currently go towards paying for service like health and education.

Speaker 21 (01:08:31):
Is that we say in Ginny, what.

Speaker 24 (01:08:33):
We're doing is putting a select group of so oes
and we're turning those dividends back investing into New Zealand.
And that's an alternative to something that mar that's it's
not a funding get because there'll.

Speaker 2 (01:08:46):
Be you haven't got the molsewhere Genny. I mean just
we own nine billion dollars a year just on the
interest on the debt. If you're not, where's the money
for that coming from? I you shuffling it off somewhere else.

Speaker 24 (01:08:58):
Because there'll be our first plan or outline specifically how
that's been met and that this is the first part
of it. But the important point I'd like to make
nationals answer is the infrastructure summit, which over a billion
dollars billion dollars for an infrastructure summit to open the gates,

(01:09:19):
zero results, mark.

Speaker 2 (01:09:21):
Results I've had.

Speaker 25 (01:09:22):
We've had great results on that im.

Speaker 21 (01:09:27):
I was at the investment summit. There's a result of that.

Speaker 25 (01:09:29):
We had three international companies come forward and say we're
very interested and we want to invest in your corrections infrastructure,
and that is progressing and moving for the infrastructure is
very good for mark.

Speaker 2 (01:09:39):
New subject netball. I understand why you can't do much
about it because you one step back. But do they
know that you're not happy? Because we're all not happy
and this is this is a cock up, yep.

Speaker 25 (01:09:50):
I've been very clear going on way too long. It's
damaging nitball. Get round the table and get it and
get it sorted out. I mean, these are people that
are deeply passionate about netball and big parts of their lives,
huge respect for Dame Nolin. Get round the table and
sort it out.

Speaker 21 (01:10:06):
So you're right.

Speaker 25 (01:10:06):
I'm not directly involved in it, but I have spoken
with Rayling Castle, a cee of Sporting Zed, and I
said I want us to make sure that we've got
every resource and providing all the support that we can
to get this result.

Speaker 2 (01:10:18):
Is it directly her problem, Raylean's. I mean, she gives
the money, so it's not so. Once you give the money,
you can behave any way you want. And there's nothing
you guys can do about.

Speaker 21 (01:10:28):
No, absolutely not.

Speaker 25 (01:10:29):
There's there's definitely you know, KPIs and we wanted to that,
and it is taxpars money money, and we expect it
to be spent well. For me to cancel the funding
straight to Nick willan Z just hurts a whole lot
of other people that actually.

Speaker 2 (01:10:42):
Aren't you know, I get that, but I mean, what
if there's spending it on lawyers now and mediation they
come back in the annual report and you've got a
hundred lawyers with you.

Speaker 21 (01:10:51):
I agree with you.

Speaker 25 (01:10:52):
I don't expect taxpars money to be spent on on
lawyers and mediation and issues like.

Speaker 21 (01:10:57):
That, especially if the process hasn't been run properly. I
don't know.

Speaker 25 (01:11:00):
I'm still gathering the information on that, but I have
been very clear that from a Sporting Z perspective, from
a government perspective, get alongside them, use whatever resource we
need and whatever capabley we've got inside Sporting Z to
help achieves.

Speaker 2 (01:11:16):
Give me the skinny, Jinny, I have use that line,
give me the skin on Duncan on Duncan web. Now,
what's really going on here? This this whole I'm off
to adventure. I mean, what's that about.

Speaker 24 (01:11:27):
I don't think that I've been listening to you this
morning as you've been pondering the possibilities of some kind
of conspiracy and there really just isn't one. Duncan. To
be honest, he's pushing sexy. He's done a fair bit.
He's been an amazing when you go when you go
in for putting your head in for selection, which is

(01:11:50):
around this time, you're committing to another three years of
high energy, and he's made the call that he'd like
to spend more time with people he loves and he'd
like to do more of the things that he loves doing,
and to be honest, good on them.

Speaker 25 (01:12:03):
But I think, sorry, mate, sorry no, I was going
to say, look full acknowledged to him in the public
services given I think that I personally think he's leaving
because him and Jenny opposed the gang legislation very successful
and I think that he's.

Speaker 2 (01:12:19):
Got a way to work.

Speaker 24 (01:12:20):
He's walking right, Exec Duncan that you're leaving because he's
realized that meth and Fettermanus has gone up ninety seven
percent and max Watch and he knows that I just
can't get it back.

Speaker 2 (01:12:32):
Can you understand my thinkings? Forget the conspiracy, Joenny. So
the guys, he would I am assuming you guys are
backing yourselves to run a decent campaign next year and
possibly get the government. Guys a senior minister, he's only
been there ninety years, a couple of terms in government.
He can do some stuff. He's thinking, this is, this
is I'm set to go. It's not like you're in
opposition for the next twenty years.

Speaker 24 (01:12:51):
Well, well, to be to be honest with you, Michael,
it was a shock to me. You know. Duncan is
a really close personal friend and I've worked incredibly closely
with them on a whole range of issues, and he's excellent.
He's a smart guy who gets the law. He's a lawyer,
and he's great at politics. He's a huge asset to us.
So you know, I was said to lose him as
a colleague and be able to work with them each today.

(01:13:13):
But you've you've got to respect. You've got to respect
the fact that people, you know, this job takes up
a huge amount of time of your life. You actually
do have to sacrifice some of your personal relationships to
keep doing this direct and if someone makes the call
that they don't want to do that anything to respect,
you have to respect that.

Speaker 2 (01:13:30):
Well, I've got to monter you guys appreciate it. Mark Mitchell,
Ginny Anderson Nate twenty three The.

Speaker 1 (01:13:34):
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dot nz to learn more. Tasking curiously, Mike, is this
netball issue really worthy of the airtime arm Clark? You serious?

(01:14:42):
It is millions of dollars of taxpayers money in a
dysfunctional sport, the national sport of women in this country.
So I think the answer to that is yes, yes, yes,
and yes.

Speaker 1 (01:14:54):
Steve Price is next tough on power, sharp on insight
on Mike cost, breakfast with the Defender, embraced the impossible
news Tom's dead, be Mike.

Speaker 2 (01:15:04):
The labor proposed Future Fund would be so easy for
parties to plunder in the public funds into their own interests.
I can see a lot of green businesses that are
more idealistic than realistic. I mean, Ginny tried, but at
the end of the day, you can see where this
is going and I don't think it's going to fly
for them. It's not dissimilar to the Provincial Growth Fund,
the New Zealand first idea when they are in government
with labor and that was three billion dollars. I mean,

(01:15:26):
tell me where that went, Tell me how many businesses.
And that was local initiatives. It was local, home grown
stuff that was going to change the world, until, of
course it didn't. Mike, I've been and Wellington Hospital since
last Thursday after major spine operation. The nurses, doctors, specialist,
clean at food service all have been fabulous. Like Mark said,
They're all brilliant, well looked after. What I can tell

(01:15:46):
you is they do not have enough nurses, my ward,
short staff. Push the help button can take ten minutes
to arrive. I mean that's an ongoing situation. But I
think what we learned from Mark's experience is that when
it's needed, when push comes to shove, the Public Health
Service does a great job, always has always well twenty
two to.

Speaker 17 (01:16:04):
Nine international correspondence with ends and eye insurance, peace of
mind for New Zealand business.

Speaker 8 (01:16:09):
See right mate, good o there.

Speaker 2 (01:16:12):
You just I could watch Kevin Rudd like one hundred
times over and still not stop laughing. I know.

Speaker 8 (01:16:19):
And interestingly, in the twenty four hours since that occurred,
were of course talking about how Donald Trump didn't know
who he was. Then when he was pointed out sitting
across the table from Donald Trump, Trump said, I don't
like you. I don't think I ever will like you.
The assessment now is that everybody's moved on. Kevin's a
great bloke. He did a wonderful job getting this rare

(01:16:39):
earth you'll signed up, and that he's the hardest working
ambassador in Washington. Now, as you know, I have history
with Kevin Rudd. He wrote a letter to my editor
back in I don't I don't be grudgeous for very long,
back in twenty twenty two May of twenty twenty two,
where he called me the greatest non entity the history

(01:17:00):
of Australian journalism and a gutless coward. So at the
time Kevin was working in the New York doing something
I don't know what, but this went on and on
and on. He talked about what a dreadful person I was.
And that's shore Kevin Rudd for you. But apparently now
because he's managed to get this rare ass deal across

(01:17:22):
the line, he's the greatest ambassador anyone ever put bread into.
But like you, I was delighted to see Donald Trump
monster Kevin.

Speaker 2 (01:17:30):
It was unreal. Now, Susan, I know, is he safe
now in the job? Because you've just outlined the pro
side of it the downside of it. He was as
Susan l I was watching her yesterday, said he was
the butt of the joke. I mean, he's the headline
of the meeting.

Speaker 8 (01:17:46):
Here's the interesting thing about all of that. This now
plays badly for her and the Liberals. Rudd is safe
at houses was Albow's picked in the first place. Albertiz
has aligned with him and he he can stay there.
I think his terms up at the end of next
year anyway. But he's in that job for as long

(01:18:06):
as he wants it because of the positive outcomes that
he's had. Look, it took too long to get a
meeting with Trump, but the Trump meeting is being reported
as being a raging success. I mean the two things,
the three hundred and sixty eight billion yes, three hundred
and sixty eight billion dollar Orcus submarine deal. Trump's back that,

(01:18:27):
although there is some concern about whether we'll actually see
these subs by twenty thirty, but that's the plan. And
then you've got this thirteen billion dollar Critical Minerals and
Rare Earth partnership. Now some people are reporting this this morning, Mike,
and I think this is over the top as the
next mineral boom for Australia. If you read the detail,

(01:18:48):
it's fairly scant. Is it a good idea that we
dig up rare earths and send them to America? Yes?
Would it be better if we process them here? Even better?
And does it give us strength against China trying to
corner that market? Of course it does, so, all things
being equal, Anthony Albernezi's visit was very successful.

Speaker 2 (01:19:10):
You've got to say, and it was pointed out, i
think yesterday in the Australian media. If you look at
elberon easy and the year before the election, he was toasted,
He was an incompetent and it was going to be
the first one term prime minister in forever, and you
look at him now he can seemingly do no wrong,
he will.

Speaker 8 (01:19:26):
Get another term, no doubt about that, probably too, so
that then makes him a full term labor prime minister.
And I mean lots of things can go wrong. I
mean the economy is not great, unemployment starting to increase.
You and I've talked about all of those things. But
if he can secure four terms of a labor government,
he'll be up there with Hawk.

Speaker 2 (01:19:50):
And who would have said that? Now listen, this isn't
being reported here and I suspect the will. But Mike Bush,
who you know that we know, and Richard Chambers who
we most certainly know what's happened in the helicopter, Well it.

Speaker 8 (01:20:02):
Would be about to be reported in New Zealand because
you're not going to talk about it. The new Victorian
Police Commissioner Mike Bush, ex New Zealand Commissioner, and as
you said, the current New Zealand Police Commissioner Richard Chambers.
On Monday, so Monday this week, decided it would be
a good idea to take the Police air Wing helicopter

(01:20:22):
then fly from Melbourne to Hobart for a police conference
something called the Australia New Zealand Police Commissioner's Forum, which
I bet you'd never heard of it.

Speaker 15 (01:20:31):
I have never heard of either.

Speaker 8 (01:20:34):
The chopper costs ten thousand dollars an hour to operate,
and they could have got on a commercial flight if
they wanted to fly an economy it was one hundred
and fifty dollars one way. Vic Pol has said, look,
the timing on a commercial jet wouldn't have worked. We
had a meeting on Monday morning and we couldn't take
a commercial plane. And they also tried to use the

(01:20:56):
excuse that it was very windy in Hobart and the
commercial plane might not have been able to land, which
is nonsense because the Herald Suns checked all of commercial
flights in and out of Hobart on Monday. They landed
and took off without any problems. This is in the
middle of a crime crisis. Now, Richard Chambers can't be blown,
but certainly Mike Bush has got to have a good

(01:21:17):
art look at himself. When you've got a police air
wing chopper flying him and his key we mate to
Hobart in the middle of a crime crisis. Takes the
police helicopter out of operational use. In Melbourne, where you
have carjackings every five minutes, people getting stabbed in the streets.
It's not a good look.

Speaker 2 (01:21:33):
No, it is not. Just while I got you quickly.
The Rex Airline sale. So this was your regional operator
and they fell over and this American company's gone and
bought them, is seen? Is this all good news? And
rexes back and you're going to have more competition in
the air and regional Australia is going to be a
bitter save blah blah blah on that. We don't know.

Speaker 8 (01:21:48):
Well, you and I've been around long enough to know
that the third commercial operator in Australia simply doesn't work.
I mean, you've got Virgin Quantus and you've got Jetstar,
and if you try and elbow another one in the
middle air, it always seems to fall over. The Americans
seem to think they can make this work. A lot
of the operation of that company that is saying it'll
buy Rex is freight as well and flying people out

(01:22:12):
to mining sites. That sort of operation. I don't think
it'll be REX reborn, It'll be Rex reshaped.

Speaker 13 (01:22:18):
OK.

Speaker 2 (01:22:18):
Mate, Nice to talk to you and we'll see you
next week. Appreciate it. Steep price out of Australia. Other
thing that Albanez is looking at doing is Glencore, the
mountser copper smelter, is in some trouble. It looks like
they may well have to bail them out, which is
ironic in a minerals or mining boom. And they're Australia's
third largest industrial facility. But they've already bailed that. You

(01:22:40):
remember last year the South Australian Whaler steel Works, they
got bailed out to the tune of two and a
half billion dollars. So many jobs such as small town,
so many jobs they had to bail them out, so
the government got involved there. The latest is Glencres mount
iSER copper smelter. So watch where that goes. Sixteen to two.

Speaker 1 (01:22:55):
The Mike Asking Breakfast Full Show podcast on iHeartRadio News Talks.

Speaker 2 (01:23:00):
That'd be just back to the Ika thing. Had no
idea how much they're into forestry in this country, which
of course opens opens up. And now let me get
to the crux of the real part of the story
that makes it contentious anyway, that their investment arm is
called INCA, So ten thousand hectares of production forest takes
the company's investment to thirty thousand hectares six hundred and

(01:23:20):
sixteen million dollars worth of investment, nine existing forestry blocks,
mostly pineous radiata. Isn't everything additional three thousand hectares of
indigenous which is good, dedicated by a diversity, conservation, other
environmental purposes, so that's good. Main focus focus was production
as opposed to carbon farming, so that's encouraging they would focus.
Now this is interesting. I don't know how real this is.

(01:23:43):
They say they would focus on domestic processing and they're
working to develop relationships with local saw mills and traders.
Now is that true? I mean, how many saw mills
and traders do we have in this country and how
much ikea are they going to end up making? Or
is this just greenwashing? At the end of the day,
this big corporate comes and buys a few thousand, you know,
hundreds of millions of dollars worth of forest and then

(01:24:05):
they go and find Bob down in Tokoroa and so, Bob,
can you saw a couple of trees up and make
a stool for us? Or is there something more to
it than this? We have no focus on carbon whatsoever.
We have a pure timber business. So I get the rationale.
Good on them for doing that part. Now here's your
contentious part. Much of the land purchased since twenty one
was farm land converted to forestry even from and this

(01:24:29):
is the other part. I don't know that's necessarily true,
even from the start. If we could buy a forest,
we would have. Unfortunately, they don't come up for sale
that often. Now technically that's true, but it's not like
there haven't been forests up for sale. And I know
there have been forests up for sale and they've been

(01:24:51):
sold because they've been in the news and you get
the OIA thing going on. So why wasn't I here
into all of those as opposed to just converting farmland
into forestry and are actually what is it they're adding
to the country. So they're going to find this sow
milling industry that I'm not aware that we've actually got,
and they're going to what makes my key of furniture
with that they've converted farmland to forestry. They're not interested

(01:25:13):
in carbon So they're going to cut all these trees down,
are they? And if so, who's going to and if
they can't find somebody locally, they're going to do it.
Bring somebody in so you see what I'm saying. There's
a few quicks. It sounds good on the press release,
needs a bit more investigation. Turn away from nine for.

Speaker 1 (01:25:30):
The Mike Hosking Breakfast with a Vida Retirement Communities News
togs Head.

Speaker 2 (01:25:34):
Be just reading in New Zealand. Doesn't look good. So
the guidance for the first half of twenty six expected
to be similar or less than reported in the second
half of twenty five. They're expecting a two to three
percent uplift and revenue across domestic in US bound bookings.

(01:25:55):
This is not materialized to date and is not yet
evident in the current forward booking profile. So they'd like it,
but it hasn't happened. Economy remains subdued. I don't think
they're telling us anything. We don't know engine lease costs
for the fifth This sounds weird. Are we giving the
guy on Tomorrow's he coming on tomorrow?

Speaker 21 (01:26:10):
Right?

Speaker 2 (01:26:10):
The new chief executives coming on tomorrow? So this week's
so well, huh yeah, I'll get to that. Don't panic, Glyn.
Engine lease costs for the first half are now expected
to be approximately twenty million dollars higher recognition of the
indo lease obligations, two short term aircraft losses not previously
included in the outlook. There's some carbon offset money. They

(01:26:30):
didn't expect to pay another ten million dollars there. They're
still negotiating with the injured manufacturers regarding appropriate levels of compensation,
so none of this sounds good. They now expect a
loss before taxation for the first half of twenty six
and the range of thirty to fifty five million dollars.
It's all about six away from nine asking we'd want

(01:26:52):
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Speaker 11 (01:27:47):
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Speaker 2 (01:27:52):
Been monitoring this all morning, the global dairy trade thing.
They still haven't fixed it. How long does it take
when you cock something up? Technologically speaking? This when we
were looking at three thirty, it's like six hours ago.
For god's sake, what are they doing?

Speaker 19 (01:28:07):
AWS related?

Speaker 2 (01:28:09):
I wonder that would be as related? Sorry, Glenn.

Speaker 11 (01:28:11):
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Speaker 2 (01:28:17):
What's happening here six sixty right? You know?

Speaker 8 (01:28:19):
Then?

Speaker 2 (01:28:20):
They announced yesterday a new Country and Roots Festival. It's
in January being held at the Medicana Country Park. Matthew Walters,
who's the lead singer, of course of six sixty. He
was on with Heather and this came up.

Speaker 27 (01:28:33):
Now listen, just put just to spell the smith. You
haven't set this festival up entirely for Mike Hosking, have
you what? Because he's a country music lover and he
lives in Madicana and he's going to be taking a
long break over summer. It just feels like this is
just is just done for him.

Speaker 3 (01:28:48):
Let's just run with that, with that story.

Speaker 21 (01:28:50):
I think it's going to be good for his ego.

Speaker 27 (01:28:51):
Rename it you could probably will his ego will love it.
You could rename it the Mike Hoskin Country Festival.

Speaker 3 (01:28:57):
Sponsored by Sponsorb.

Speaker 21 (01:28:59):
We'll get them all. Give him a VIP area. Mate,
This is.

Speaker 27 (01:29:02):
Becoming real for him right now?

Speaker 2 (01:29:04):
Do you best of like with it? I really appreciate
you talking to us much.

Speaker 27 (01:29:07):
You Walter's six sixty front.

Speaker 2 (01:29:08):
Then we're not all the same, spite what Barry said,
you're all the same. You know we're not. I'm not
like her. I'm nothing like her. What's her name? Again?
That is us for the day, And the fact is
it's just down though it is down the road. We

(01:29:28):
were talking about a possibility of holding it at my place,
and I had a little glamping area out the back,
and I had it all sorted out. And I've got
an amphitheater. Somebody said to me yesterday, have you got
an amphitheater? And it turns out I've got an amphitheater,
and not everyone can say that.

Speaker 19 (01:29:41):
Are we going to have literal dueling banjos?

Speaker 2 (01:29:44):
Is that what you're talking about? And by the way,
Heather's not invite, no come in at the gate is
what she will find back tomorrow morning. There's always happy Days.

Speaker 1 (01:29:57):
For more from the Mic Asking Breakfast, listen live to
News Talks at B from six am weekdays, or follow
the podcast on iHeartRadio.

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